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•>>
APR 1 7 1944
MONDAY
\al and.
ommetciai
U.
Reg.
General
RAILROAD
Price
INDUSTRIAL
-
INSURANCE
-
Loan
Accrued
' "
1441.
159, p.
group.—V.
U.
split-up. The common stockholders of Aluminum Manufactures,
than Aluminum Co. of America, which owned approxi¬
81% of this stock, received VA shares of the split-up common
stock
in exchange
for each share of Aluminum Manufactures, Inc.
common
stock, and the preferred stockholders of Aluminum Manu¬
factures,-' Inc., other than Aluminum Co. of America, received one
share of preferred stock of Aluminum Co. of America.
Aluminum Co. of America leased the manufacturing properties of
sales
———
profit
'Net
*
158, p.
refunds.—V.
tiation
has
Butler
E.
resigned.—V.
Woodward,
Steel
In
August,
and
facilities,
surplus
it
.
V- ';
.
facilitate comparisons
report to
discussions
No
been
have
held
with
Price
Adjustment
respect
to
sales by $7,265,000,
and
has
established
an
Exchange Rates.—.—
Combined Condition Statement of Federal
Foreign
applied only to business of the last nine months of the
while in 19^3 it will apply to business of the entire year.
Adjusted sales fdr 1943 were approximately $114,529,000, an increase
of
11,5#
over
1942,
Costs, other than those relating to employees,
Condition Statement of Member Banks
year
increased
sales.
Federal
Stock and Bond Averages..
early end to the war, but is shaping
its plans to be in position to move quickly should fortuitous circum¬
stances bring a welcome but unexpected end to hostilities.
Years Ended
194^
and
sales
Total
612,506
115,141,434
58,115,968
51,733,310
1,323,894
866,834
721,529
59,915
82,504
employee costs—;
and
Materials
purchased
services
——_
depletion-
and
Deprec.
—
facilities
Minority stockholders' share in subs. earningsProvided for contingencies incident to war bus.
of
Amortization
emergency
Federal
profits tax
credit—,
Excess
Post
Net
3,865,315
dividends
-———
common
share
,
U.
S.
in
Sheet,
$2,91
Dec.
banks and
Cash
on
hand
value
;
(less reserve)—_
—*
—
(less
stock
reserve)—
:
.
—
credit—_
Miscellaneous accounts
L
Cash fund for retirement of pfd. stk. of sub.—
Post-war
excess
profits
tax refund
receivable
equip.—at cost
and goodwill
*—
Prepaid expenses and deferred charges
'Eeal
estate,
Patents,
„
of life insurance
Investments
Treasury
—
securities
and accounts receivable
plant and
patterns
*
2,517,167
$3.13
31
1942
1943
Government
Inventories
198,380
.
—
Balance
Assets—
Cash
4,129,126
198,380
2,521,126
—
—
Consolidated
Notes
11,416,067
—__: 01,075,000 Crl.141,607
dividends
Earnings per
1,210,000
10,750,000
——
income
Common
100,000
1,033,793
1,205,000
:
:
war
Preferred
600,000
1,464,123
local and miscell. taxes
normal and surtax—
State,
of
—1596
$3,059,421
529,141
8,448,715
14,454,951
5,417
40,000
61,375
2,216,607
2,000
—
$1,880,742
437,238
9,486,364
16,377,880
4,990
58,541
68,921
1,141,607
41,472
27,392
16,384,238
1
17,604,763
661,434
482,958
1
$45,863,300 $47,612,869
was
•
78%
.
1588
....
Banks at
30, 1943.
—1571
1571
Dec.
31
Income,
1943
of
Co.
financial
although when in full operation the capacity of governmentwill be 50% greater than company-owned.
Aluminum
in stock at the end of the year was 91%
more than at the end of
in
1943,
owned
plants
ie*i\
t
•
;
.
■
,
.
of
number
The
The increase in
Balance
America—Annual Report—
show a^bpnsol i da ted. net income of
$33,361,761® 1942 and $46,522,471 ad¬
the peak year of the company's history.
income as compared to 1942 net income arises
statements
for 1940,
1943
net
in tonnage of sales in 1943 as com¬
with the tonnage sold in 1942 and 243% increase as com¬
pared with the tonnage sold in 1940.
The company's 1943 business
was
not specifically renegotiated under the requirements of the Sixth
Supplemental National Defence Appropriation Act of 1942, although
substantial price reductions resulting from negotiations between the
company and government agencies were applied to 1943 sales.
The
result of this is that the company's net income was relatively smaller,
considering volume of sales, than in the immediately preceding years
despite the fact that the 1943 sales were much the largest in the com¬
pany's history.
These price reductions effective against 1943 billings
amounted to approximately $130,000,000 and have had a continuing
effect in 1943, the aggregate of which Is comparable to the adjustment
of earnings made for the year 1942.
The total of all taxes for 1943 amounted to $116,088,670, or $25.82
largely from an increase of 67%
pared
as compared to $69,565,025, or $15.75 per
deduction of post-war excess profits tax credit.
At a meeting of the stockholders held on Oct. 28, 1943, the au¬
thorized common stock of the company was increased from 1,500,000
shares
(no par), to 7,500,000 shares - ino par).
This change of the
common capital stock became effective Nov. 1, 1943.
On Nov. 12, 1943,
at a meeting of the stockholders called for
th!e purpose, a merger
agreement between Aluminum Co. of America and Aluminum Manu¬
factures, Inc. was approved.
The common stockholders of Aluminum
Co. of America received three shares of the split-up common stock in
per
share of common stock,
share, for 1942, before
exchange for each one share of the common
■' v'
v\
n
increased 25%
employees
Consolidated Income
Account
for
(Including wholly owned
over
subsidiaries)
1941
1942
1943
$'
$
$
Ecs.
earns.,
for
Provision
income
&
'91,868,244 '54,721,058
income
—
47,959,718
33,361,762
7,153,986
8,833,950
40,832,134
7,153,986
8,833,950
44,146,297
7,154,361
17,373,826
124,413,957 106,823,867
Drl.444,355
216,264
24,894,198
79,579,526
2,350,143
28,157,986
51,421,540
149,804,573 124,413,956 106,823,867
$7.95
$5.93
$7.63
Profits- taxes—
Net
79,579,526
$8.37
1943
debt
42,901,570
—
7,154,039
8,912,560
dividends
dividends—*.
Surplus
Previous
—„„—
surplus
—
Adjust, of prior years—
Surplus,
Dec. 31
-
}Earn. per common shr.
'After
post-war
$3,994,532
in
stock held by them prior
1940
$
105,964,765 151,475,743
17,122,913
7,329,448
after exps. 184,558,477 124,850,187
for depr., depl., etc.
49,788,663
36,767,367
Gross
1942.
Calendar Years
26,834,971
8,833,950
refund of excess profits tax of $8,187,619 in
1942, of which $3,039,075 in 1942 represents
fptircnicnt credit
deducting
tAfter
taxes
all
and
operating
expenses
and also after
charging premium on purchase of preferred stock amounting
058.
{Giving effect to 3 to 1 split up of common shares.
Consolidated Balance Sheet, Dec. 31
1943
A
ft
——
—
war
1942
S
Cash
Cash,
to $587,-
932,248
—
Indemnity and surety deposits
Inventories of aluminum, materials
payments
deferred
877,447
76,755,347
20,600,000
39,717,503
1,146,584
&
1,246,094
supplies 151,181,902
84,604,423
14,648,111
13,233,592
23,772,930
Prepaid expenses and deferred charges—:
Investments in cos. not consolidated herein
for
20,341,3 42
81,086,379
395,000
20,117,236
bonds purchase account (contra)—
receivable (less reserves)—
savings notes—
Investment, U. S. Treasury tax
Marketable securities
*
$
35,941,379
«■*■«»
Accounts and notes
..1601
$42,901,569 as compared with
justed net income
approximately equal amounts of aluminum
ment-owned plants produced
on
sale
14,981,803
of
11,153,553 11,739,409
'Land, water rights, plants and facilities.
268,542,377 279,040,465
Post-war refund of excess profits tax receivable
9,233,978
955,457
Eeceivables, sales of fixed property
1,025,504
948,439
Organization expense
567,301
567,301
fixed
Aluminum
the company during 1943 in¬
produced in 1942, and 1942 production
Plants owned by company and govern-
the amount
over
larger than in 1941.
50%
Contract
The
inaugurated a program of additions and bet¬
plants.
This program has been constantly
aluminum produced by
of
1571
102,819,587
32.210,971
1,421,725
-
creased
and
Earnings for Nov...1602
Sheet Items
Class I Roads for December—.
..1601
Selected
140,512
37,867,554
revenues—.
National
of
June
.1596
Gross and Net Railroad
102,679,075
Int., divs., royalties, & other revenues
Total
Condition
and
114,528,928
for renegotiation of war bus.
after prov.
Capital Flotations for March
Dec. 81
1943
Sales
System—
Transactions N. Y. Curb Exchange
Company does not anticipate an
Income Account,
Reserve
Transactions N. Y. Stock Exchange..—
10.4#, somewhat less" than in proportion to the increase in
■/.
'
v
■
:
Consolidated
existing
.
amount
The
Preferred
1596
Banks.......
Reserve
the
partial or complete operation under lease to the company.
The total
expenditures by the company for Defense Plant Corp. have exceeded
$450,000,000, including the cost of one government-owned plant oper¬
ated by the company but constructed by another organization under an
independent contract.
».
Common
Investment News.1545
State and City Bond Offerings and Sales...1503
Redemption Calls & Sinking Fund Notices. 1593
Dividends Declared and Payable
———1593
The Course of Bank Clearings..
1591
1942
for
company
its
General Corporation and
reserve
a
to
Exchange
Miscellaneous Features
1943
our
1943
Quotations
—
operations, but Company has reduced Its
amount predicated on the 1942 settlement,
of $1,415,000 for estimated refund to
the "United States Government
in anticipation of 1943 proceedings.
The reduction in sales for 1942 was $5,850,000, but in comparing this
with the estimated 1943 amount it should be noted that renegotiation
with
Issue
..—..1584
Montreal Curb Exchange.
—.—1585
Toronto Stock Exchange
1585
Toronto Stock Exchange—Curb Section—1586
Over-the-Counter Markets.—.
—.1587
Board
portion of
the total expenditures involved therein approach
by the end of the year it was substantially com¬
pleted.
In addition, the company has designed and constructed, with¬
out fee or profit,
a number
of government-owned plants similar to
those owned by the company, which by the end of the year were in
Stock Exchange
Montreal Stock
of operating results for 1943
the
the
1937
...
1942.
of.
those
with
at
substantial
stepped up until
$300,000,000, and
...1581
Chicago Stock Exchange.
—..1582
Cincinnati Stock Exchange..—.1582
Cleveland Stock Exchange..—..—.4.—1583
Detroit Stock Exchange....^
..3583
Los Angeles Stock Exchange.
— 1583
Philadelphia Stock Exchange...
—1584
Pittsburgh Stock Exchange.
.,.—1584
St. Louis Stock Exchange—...
1584
for the
steel
A
expansion.
on
was applied, pro rata, to the reduction
the end of the year were $22,482,000 as com¬
at
pared' to $78,455,000 at the end of 1942.
Stock Exchange
Boston
carry
which
bank loans
of
Page
expanding industrial area.
facilities as soon as proper
to
these debentures
proceeds of
(Stocks)
1561
New York Stock Exchange (Bonds)
1572
New York Curb Exchange.
...—,....1576
Baltimore Stock Exchange.
______.____1581
New York
Plant, which was constructed for the Defense
Dunkirk, New York, to make bullet core and
Small Arms Program and special valve steel
for
aircraft,
operated at capacity until September 1943., At that
.time, the Small Arms Program was radically revised and the load on
this plant decreased materially.
At present it is being operated at
approximately 25 % of capacity.
This plant is leased
from Defense Plant Corp., the rent being a
percentage of the sales value of material manufactured on its facili¬
ties.
This lease runs until Jan. 1, 1946 with a provision for extension
to Jan. 1, 1948.
The lease may be terminated when "substantial.use"
of the plant is no longer required for government products,
and in
that event Company is offered the opportunity to purchase it at cost
less depreciation, or upon terms equal to the best offer from others
received by Defense Plant Corp.
On Nov. 15,
1943 Company issued revised financial statements forj
1942 giving effect to renegotiation proceedings for that year,
which
had then been completed.
These statements have been incorporated
Corporation
cap
this
This
Stock and Bond
Eoad
The.Brigham
bullet
incurred
been
$45,863,300 $47,612,869
reserves
^n
steels.,
Plant
in
deducting
'
also
tool
of
companies
In
acquired the stock of the Carbide Alloys Corp. of
New York City in October 1943.
The acquisition of this company adds
to
its facilities equipment necessary to manufacture sintered carbide
tool tips and other sintered "carbide products which will supplement its
line
As
7,883,156
6,173,982
15,102,646
succeed Charles G.
report affords the following:
Company, purchased the assets of the C. B. S.
of Los Angeles, Calif.
This property is providing
Pacific Coast to forge its products and is permitting
Company plans to. enlarge and extend these
authorizations can be obtained.
Company
-
—
companies be merged.
of Oct. 1, 1943, the company sold privately to several insurance
$84,000,000 of 20-year, 3% sinking funld debentures due
Oct. 1, 1963.
It was thought to be wise to fund existing bank loans
with maturities concentrated in 1944, 1945, 1946 and 1 at I, which had
two
2,838.800
6,106,370
16,248,455
—*
for a period of 25
has occurred in the type
1922,
1,
product
terments
Corp.—Annual Report—
supply superior service in this greatly
to
——————.———
1943,
the
100,000
570,577
7,890,500
pan
July
During this period considerable change
required by the trade and in the equipment necessary
to produce such product.
The stockholders of both companies there¬
fore voted that it was in the interest
of all stockholders that the
for depreciation, depletion and amortiza¬
$22,742,645 in 1943 and $21,673,993 in 1942.—V, 159, p. 929.
'After
of
—
...
no
Inc.,
Manufactures,
Aluminum
of
63,596
68,273
700,000
445,701
2,838,800
———.———-\——.
Total
renego¬
Forge Co.
on
($100 par)
(1,262,480 shares,
stock
surplus
annual
1943
The
Steel
the
years.
contingencies incident to war bus.
not wholly owned—-—
Capital
'
■
3,137,304 ^ 5,822,523
1,510,155
1,122,854
198,677
178,276
subs,
cumulative
tion
157, p. 2442.
Ludlum
Allegheny
1,166,066
(less
——-
——
other
mately
Co.—New President
elected President to
been
in
Earned
1629.
Albany & Susquehanna Railroad
Andrew
-l
for
int.
Common
$1.00
possible
provision *for
reasonable
and
taxes
income
After
1,415,000
'
——
notes)————s
Federal, state, and municipal taxes accr.
for employees' compensation insurance
for officers' & employees', employment
Eeserve
!
of war business
excess
profits taxes
tax
contracts
7%
of stock-
Earnings per share on 714,919 shares
Treasury
the
Inc.,
$4,027,072
2,563,321
Eeserve
Jan. 31, 1944
——$26,000,000
\i": 715,000
Nine Months Ended
for
S.
Other
Aircraft Accessories Corp.—Earnings—
Earnings
to
and
income
$3,003,097
2,300,968
—_—
and expenses
—
the U. S. Govt, on account
Eeserve
-
.
refund
of renegotiation
Federal
Min.
Net
for
Prov.
open-end investing company sponsored by Lord,
Abbett & Co., Inc., has arranged a loan agreement with 16 banks
headed by Guaranty Trust Co. of New York, which will provide $10,000,000 at 2VzVc interest, which matures $6,259,000 Jan. 1, 1949, and
$3,741,000 Jan. 1, 1950, for the purpose of refunding the 4% deben¬
tures of the same maturities, which have been called for May 1,
The National Shawmut Bank of Boston is included in
the bank
an
company,
payable (trade)
payrolls, royalties,
Accounts
Ar-
ranged-^
The
Copy
MISCELLANEOUS
-
to
Liabilities—
Bank
Inc.—$10,000,000
Fund,
Affiliated
60 Cents a
Corporation and Investment News
PUBLIC UTILITY
-
Office
Pat.
York, N. Y., Monday, April 17, 1944
New
Number 4273
159
Volume
S.
property--
Total
610,953,353 574,399,749
——-
Liabilities—
payable
Accounts
Employees funds, war bonds (contra).
F^s. for Income and other taxes..
Notes
28,307,977
932,248
20,723,316
877,447
107,430,585
60,486,364
4,512,000
518,237
4,520,000
23,949,678
20,950,000
198,618
16,071,389
76,000,000
1,788,549
1,788,496
20,000,000
30,000,000
—
,
1
payable, due within 1 year.
due within 1 year
Accrued items,, not yet due.
—
*
Payable to U. S. Govt, on reneg. war contracts
Dividend on preferred stock, payable Jan. 1—
2sinking fund debenture bonds, due 1946—
3% sinking fund debenture bonds, due 1957
3% sinking fund debenture bonds, due 1963—
Notes payable, not due within 1 year
Mortgages payable, not due within 1 year
Accrued liabilities, not due within 1 year
Miscellaneous operating and other reserves
Ees. for decrease in value of sees, and invests,
Mortgrges payable,
Preferred
stock
tCommon
stock
Earned
(par
$100)
surplus
——
57,505,000
3,494,028
362,000
4,415,717
385,000
4,909,407
5,458,848
.
10,000,000
119,236,600 119,233,100
7,494,025
7,363,125
149,804,573 124,413,956
610,953,353 574,399,749
Total
'Less
14,000,000
30,000,000
81,480,000
17,970,000
8,772,317
amortization,
1943
and
—V.
159, p. 833.
depletion
$149,798,038 in
1942.
and depreciation of $201,075,374 in
11,472,625, no par shares outstanding.
(b)
Angeles—Interest—
the Bank of America National
Ambassador Hotel Co. of Los
with
sufficient funds to enable the cotrustee
to
pay
to the holders of the income mortgage sinking fund bonds
2%% interest for the six months ended Jan, 31, 1944.
The distribu¬
tion
was
made
April
1,
1944, after which $609,847 remained on
deposit with the cotrustee who is required',, according to the terms
of the trust indenture, to set up certain reserves,
After
deducting operating expenses and the cost of repairs and
rehabilitation, all of the cash receipts are deposited with the cotrustee
for
specific disbursements and reserves as set forth in the trust
indenture.
During the six-month period ended Jan. 31, 1944
such
excess
receipts deposited with
the cotrustee amounted to $649,195.
Bondholders are receiving an interest payment aggregating $126,522,
and $221,252 has been set aside by the cotrustee for retirement of
bonds.
Under
the provisions of
the trust indenture, earnings in
excess of 3%
per annum must be applied 50%
to, the retirement of
bonds and 50% to the payment of additional interest.
When interest
at the rate of 5 %• pei annum has been paid for the period, the excess
is applied to retirement of bonds.
During the six-month period ended Jan. 31, 1944, the cotrustee
purchased for retirement bonds in the principal amount of $96,800
The
deposited
has
company
Savings Association
and
Trust
and
$1,629,575'
1,420,889
,
of $2,600,000
Gain
29,250
Depreciation
Income
Amortization of
bond expense.—-——
6,997
'IT'
profits tax—
154,534
of
$182,526
„—1—
profit
——
Sheet,
Balance
Total
1441.
;
:
Consolidated
Secretary of this company and various
.of its affiliates, has been appointed Executive Assistant to the Execu¬
tive
Committee which office is combined with that of Secretary of
C.
Wick,
1916
since
Mr. Wick has been associated with A. C. F. for 39 years.
Stevenson, President, on April ¥>, announced the follow¬
,the company.
Frederick A.
ing appointments:
F.
placed
of
Wilson,
',3
3
,
continue
907,658
16,029,297
; 1,013,199
12,715,284
1,098,358
15,016,098
1,128,192
fi 11,616,925
13,887,905
••••*
11,683,832
income
T'';
of
stock
■
r:,/
.
'-!!'•''!•!
1,689,209
1,689,209
Electric——
These
T
T-
1941, $2,548,000.
>
T
V
the
J.-.;.
.
requirements; and an amount equivalent
stock issued and issuable at Dec. 31,
sinking fund requirements for 1943
fund
sinking
share
the
on
common
the limitation of
share
the actual equivalent carried to surplus was $2.78 per
stock issued and issuable at Dec. 31, 1943.
company's
'
1943
unprecedented
!,!' ,:,,T
,T'V;T:'v':.
■
;
'
company's
tivities
-
be
not
orders
actual manufacturing ac¬
V
products, the company's
materially affected.
normal
will
"New
Dickerson said,
Mr.
locomotives
for
equipment are.expected to
related
and
production," Mr. Dickerman continued.
unfilled orders comprised war contracts,^
products, and 90%/ comprise com-^
mercial contracts.
This would indicate that approximately 65%
of
the-business in 1944 should consist of regular products."
,.
keep
■"At
TT
1942
operations
Dec.
31,
which
of
Dickerman
Mr.
...
capacity
at
of
70%
1943,
one-half
for
are
also
regular
reported
practical
completiton during the year
of
the company's plan of consolidation and merger for the purpose
effecting a recapitalization of the capital structure and elimination
5,974,600
8,861,515
—«—.—13,281,837. 17,701,862
34,611,884 30,583,575
Special deposits..
————172,71174,820
Working funds
406,194
385,156
Temporary cash investments..
—
2,601,501
2,095,759
Accounts and notes receivable
8,897,585
9,370,136
Materials and - supplies—9,185,402
9,261,296
Merchandise for .resale.—... ———:,_!.i—!!_!'-;
63,103
* 180,288
Prepaid insurance, taxes, rents, etc..—.Tl—.
1,028,981
1,233,702
of
the
"Net
521,117,196 512,242,040
intangibles).—i!
(including
plant
6,321,437 ;
Investment—-.—.-—.-.^—
of
excess
of
contracts uncompleted———.
Construction
current
stock
and
! Accounts and
Unamortized
Capital
Cash
expense———
stock
—:—,
expenses—
work in progress,
Retirement
Other
discount and
work
in
of
the
.
Account
Income
Calendar
for
;
1942
-
sales, less discounts—!!^—_!_^—w_--r 428,905,657' 302,492,426
Cost of goods sold, incl. adm., sell. & gen
386,787,994 268,942,401
Gross
2,479,930
2,775,419
$39,637,733
$30,774,606
Depreciation
90,290
1,131,795
—2,366,184
,':
Years
1943
282,105
2,644,773
739,595
—
deposits—
restricted
banks and
in closed
Other deferred debits
,
plan.
the
success
A
2,045,439
448,716
,73,369
electric plant—
progress——;
of the original shares
1943, representing 2.45%
T %■;/-%!': '■
v
recapitalization," Mr. Dickerman said, "has
enabled the company to meet the full dividends on its preferred stock
and
sinking fund requirements thereon, and to pay a dividend of
50 cents per share upon the newly issued common stock."
:! ■
•,?••;
"The
84,239
790,827
S28.308
6,022,213 ^ 6,485,690
receivable (not current)—!
notes
debt
'"7 21,109
assets——
accrued
shares
50
under
coming
,
Other current
working
afid
standing as at Dec. 31,
——————
on
of preferred dividends without large drain of vital
capital.
Only 8,625 shares of the former preferred
of common stock pending appraisal were out¬
arrearage
Investment and fund accounts
Cash, including time deposits—————
of
■
aggregated approximately
but pointed out that since the can-celled orders involved subcontractors to a greater extent than do the
$245,000,000,
V"!
.
points out that net
Board,
the
common
The
ority."
!/'•
1943
Report—
1,630,459
Utility
,
April 10 entered an order assuring
237,000 barrels of this company's whisky to its stock¬
holders at cost price, according to an Associated Press dispatch from
Peoria, 111., which further adds:
•
" V
*!
Judge Adair's order enjoined any stockholder from interfering with
administration of the unusual plan of Gilbert B. Geiger of. Peoria, HI.,
trustee of the company, to distribute its huge stock of whisky, esti¬
mated, as the fifth largest stock in the country and stored mostly in
the firm's principal plant at Pekin, 111. *
Judge J. Leroy Adair
•
production was largely the re¬
sult of the manufacture of war products, Mr. Dickerson said; and was
maintained despite major shifts in the nature of the production.
"The pressing demand for. locomotives, the progress of the war and
the development of new sources
of production for specialized war
products made possible a gradual shift during the year from the mantufacture of tanks, gun carriages, etc., to our regular line of products
relating to locomotive power," Mr. Dickerman said.
"Large orders for
war products were cancelled and replaced to the capacity of our out,put by .orders for locomotives and related products under a high pri¬
.
Federal
•distribution
.
of
Chairman
Cancellations and adjustments of contracts
,
7; Assets—
Reichel
the
of
the highest in the company's his¬
T
1942.
view of
($350,000)
on
;'
Co.—Annual
$428,905,000,
were
Dickerman,
stock
In
1943.
.ir
securities and accounts eliminated)
(Intercompany
vj'
for
C.
to $2.27 per
1,689,209
Balance Sheet, Dec. 31
Comparative Consolidated
sales
equivalent to the full annual dividends requirements of
company's new 7% cumulative preferred stock; full annual pre¬
the
amounts of
,
of
were
ferred
-V
-■
charge
in
Reichel
Locomotive
1943
William
12,198,696
Common
dividends
!
8,963,608
Earnings per common share
$2.72
"•Includes: Federal income taxes, 1943, $7,770,179;' 1942,'$7,716,124;
1941, $7,007,530; Federal excess profits tax: 1943,,< $11,860,532; 1942,
The
Vice-President
formerly
now
according to the annual report.
Net profits were $6,626,515.
figures compare with sales of $302,492,000 and net profits of
profits
9,994,622
9,927,716
8,067,700 .% 7,619,243
$2.22
$2.21
Balance earned tor common stock
in
$5,051,593
/ '
■' " 1 ——
:
816 will be refundable to subsidiaries after the war.
:
Co.—Whisky Melon Approved-r-
Distilling:
477,150
362,491
45,077
Federal excess profits tax have been reduced, in
accordance with the provisions of the Internal Revenue Code, by credits
-of $1,321,175 for 1943 and $1,049,785 for 1942. Certain subsidiaries have
currently, realized $775,116 of the 1943 credit and $578,028 of the
1942 credit as a result of debt retirement, and the balance of $1,017,-
have
to
1441.
company's plants.—V. 159, p.
American
will
President
as
/.*•'
$9,594,024;
general
control and supervision of the operations and functions formerly exercised by him as Senior Vice-President in Charge of Operations of all the
Stevenson
A.
693,928
13,622,942
tory,
12,427,173
Gas'& Elec./" 1,070,912 --
preferred
,■
Gas &
.
Smith,
Sales
477,150
339,739
36,874
—
charge
'
" I
charge of manufacturing and in addition will have
and maintenance in all a. c. f. plants.
In
improvements
Frederick
.
net
on
American
cn
American
.
■
12,754,744
income
gross
of Amer,
Consolidated
Dividends
.■
■
formerly Assistant to the Senior Vice-President, has
been appointed Assistant to the President.
; ;
J,
A. V, Scheckenbach, recently elected Vice-President, has been
T.
,
deducts,
Inc.
T
Co.—Official Promoted—j
American Car & Foundry
Howard
2,023,480
2,491,482
915,701
———
"
*
Division of Wyeth, Inc., will integrate
detail, sales staff of the member companies.—V. 159, p. 1442.
.
649,978
1—
.
/
Stuart V. Smith as Director of Sales, Wyeth. Inc.,
April 10 by Harry S. Howard, President of the com-;
of
announced
Mr.
X
$45,513; accrued liabilities,
trade,
$6,029,587.—V. 159, p.
$333,350; total,
advances
'
in¬
cluding salaries and wages, $45,852; guests' and sundry credit balances,
39,161; taxes payable or accrued, $391,518; interest payable on bonds,
at rate of 5% per annum, $126,522; lease deposits and advance rentals,
'33,501; reserve for replacement and renewals, china, silverware, glass¬
ware and linen, $7,924;
income mortgage sinking fund bonds, due Feb.
1, 1950, $5,060,900; capital stock (57,954 no par shares v $5,795; .sur¬
plus,
on
'
of
',
Director
Corp.—Sales
:
~-r
tritional fields.
2,023,480
9,627,719
Income
,,
Products
Home
Appointment
3,955,035
477,150
292,437
36,170
-
Exps. and taxes of Am. Gas & Elec.
Assets—Cash, $214,685; funds held by cotrustee under terms of trust
for payment of insurance, taxes, bond interest and bond
retirement,
etc., $621,685; accrued interest on U. S. Treasury note
held by cotrustee, $300; accounts and notes receivable, trade, $59,693;
inventories, at cost, $370,361; fixed assets, $4,557,398; prepaid expenses
■and deferred charges, $205,466; total, $6,029,587.
'
•
payable,
American
Wyeth, Inc., Named
12,427,173
649,978
preferred stocks—.
147,326,379
-./..v.
18,405,688
:
13^670/445
common
bonds
Interest
Indenture,
Liabilities—Accounts
—
159, p. 1241.
pany, which was recently formed by combining seven American Home
Products Corp. subsidiaries in the pharmaceutical, biological and nu¬
9,764,698
stocks
on
on
1,175,941
37,382,198
,c.
%
■
on
Interest
Other
'
'
Co.
Dividends
1944
31,
Jan.
Elec.
&
1,175,942
36,858,089
—
!.i_
_i,
was
2,491.482
consolidated:
Dividends
$144,205
Net
Gas
Amer.
sub3.
from
44,827,370
26.236,976
7,831,283
Amer. Gas & Elee. Co. 4k
Undistributed
150,000
•
Total
-
—V.
25,-905,616
331,360
9,627,719
Subs, Cons.;
net income, as above
2,450,013
(paid-in):
surplus.
•
*
16,003,299
3,884.098
35,562,300
44,827,370
-
par)
-
97,711,835
71,806,280
23,686,342
7,683,043
2,450,013
($10
surplus
—
35,562,300
145,813,918
stock
Earned
1941
,
$
16,098,809
-
Undis. net inc. of subs, consol—
7,098
and
excess
on
.
.
preferred stocks—^ 3,884,099
common stocks—
9,764,698
——
Dividends on'
69,636
——-
—
—
deductions
Balance
$
23,430,008
236,334
23,958,178
266,523
r_
(net)-
income-—24,224,702
—!—
*
!-*
8,125,8.93
Gross
Income
128,943
56,213
Federal
income
income-.--
Operating
.
190,960
195,518
5,347
'—-——
preferred stock ($100 par )—
Capital
J942,
•
111,841,183 104,631,118
87,883,004 81,201,111
i
.
4% %
1
179,776
——
for'taxes
Common
.
$
.
(includ. taxes)—
"•Operating exps.
Other
.'%•
revenues"
Operating
31,868
126,523
interest
1943
Subsidiaries Consolidated:
$468,013
bonds, Cr
retirement of
on
Unamortized premium on debt-,
Reserve
Account
Consolidated Income
Calendar Years-•
Income
Bond
Other
amounted to $?9,500,000, an increase
and an increase of over 200% since 1938.
during the year
payable,
Taxes
(d) Direct taxes of subsidiaries
■
1,161,562
—
—,
Accounts
•
27,315,000
2.229
14,004
660,856
26,370,000
——,
general
—
785
subsidiaries consolidated-^—
accrued
;
:
656,459
current and accrued-liabilities——177,850
payable,
Laboratories,
$497,542
taxes--.-..——
Profit ,u—:
heavier tax burdens.
materials and
Dividends
$1,913,431
income
Expenses
»
1
Accounts
$87,900,000, 8.4% greater than In 1942,
87% greater than five years ago. Increase in expenses was principally
caused by larger volume of business, higher prices for fuel, labor and
Monday, April 17,>1944
.
debt
Funded
'
(c) Total operating expenses
Jan. 31, 44 July 31, '43
6 Months Ended—
Total
'
.
1944
Jan. 31,
Ended
Months
12
for
Results
.
;
-
.
Liabilities—
$111,000,000,■-7%' greater, than in
from sales of service
Revenue
1942, 53greater than five years ago.
\
total of $67,549.
at a
FINANCIAL CHRONICLE
THE COMMERCIAL &
1546
Profit
r
Other
■
operation-!-!-!—-—
from
„
895,209
491,207
40,532,942
income
31,265,813
-
The order also restrained any one from
,
bringing suit against validity
the distribution plan.
Judge
Adair's order disposed of
a
suit brought by Harry Hendin of St.
Louis, Mo., a stockholder, who sought to prevent operation of the plan.
of the trust indenture
The
plan,
any
stockholder,
the
.
privilege
as
total cost of
Provision
$46.50
also
both
for
is
pate in this distribution.
the
from
The
sale
"cost
excise
-
wish
not
do
whisky
acquired
not
be
to
rectification
at
was
cost
to
effective
taxes
date
of
delivery,
88,329
376,925
339,612
—
accrued
Dividends declared
preferred stock
——
Other current and- accrued liabilities————
Deferred
provision
who
sion
to
to
discretion
The Court
questions
V.
whisky
in
granting
or
1441.
p.
construction
amort,
for
doubtful
Common
stock
Preferred
A
of
special meeting of shareholders will be held on April 25, 1944, to
a proposal to retire the company's 6% preferred stock.
4%%
who
wish
to
exchange their
6%
shares for
The
105
and
dividends.
accrued
emphasizes
company
that
The
4 '/2 %
new
two-thirds
vote
of
adoption
shares
preference
of
1,997,832
1,470,100
492,304
($100 par)—
consolidated—
65,780,400
subsidiaries——
2,678,822
/ 1,175,942
63,272,565
————_
—————
-————
consolidated over equity
July
on
15,
be
net
no
are now
addition
on
indebtedness of
income——
be
issued
June
1,
1944.,
A
is required for the
A
income——.
Federal
Other
and
served more customers
served
than
energy
more
as
and
home
(6)
tion
of
expected
In
Delivered
industrial
(31
and
of
of the end
ago;
received
customers and
kilowatt
165,600
to
effort
servation
and
(3)
before;
ever
war
ities
before;
ever
electrical
the
Review
jof 1943
received
those
front
new
substantially
more
expense-——.--.
—!
taxes.
revenue
(5)
generating
for
before
thus
and
from sales of service
larger
civilian
Completed
quantities
defense,
—
——
kilowatt
of
greater than five years
the construc¬
steam
generating capacity, which it is
commercial operation by the end of April,
will be placed in
(a)
than
on
Electric
in
output about
1942, more than
kilowatt hours, 10%
double the output for the pre-war
9,400.000,000
1938.
debt
Dividends
on
Balance
Common
Earnings
\
•
year
payable—banks, $1,440,000; accounts payable, $10,accrued taxes, otheT
$3,055,504; advances on contracts, $6,531,713; reserve
for income and excess profits taxes and renegotiation of war contracts
(less
income,
U.
S.
tax
Treasury
notes
$9,139,600),
of
$34,442,346;
fund
ac-
.-364.415;
,
253,941
-counts
relating
to
for
reserve
capital surplus, $7,911,013;
%
630,282
27,780
.
earned surplus, $14,440,474;
total,
|
147,672
the U. S.
at
———————
43/i%
$9,233,819
$9,125,443
1,689,209
earned
for
common
stock
dividends.
—
per common
share (parent
co.
8,067,700
7,619,243
$.165
$1.68
(Parent
Assets—
investments.
Cash,
including time deposits
Working
135,447,961
—„i.
.•
receivable
from
subsidiaries
consol—
receivable.
dividends
charges
—
•
18,180
-
and National
.
16,494
159.825
received
from
subs,
consol.
139,849
142,217
142,216
1,976,495
2,137,243
of
an
,
City Bank, New York.
and
its
Business—Company,
wholly-owned
a
Massachusetts voluntary associa¬
subsidiaries.
Spencer
Lens
Co.
(Buffalo,
(Cleveland, Ohio), Consolidated
(Toronto, Canada), and American Optical Co. (a
corporation), constitutes one of the world's largest manufacturers and
distributors of optical- and ophthalmic products.
Company was established March 23, 1912, for the purpose of acquir¬
N.
Y.),
Optical
8,707,280
3,000
2,044,000
Co., Inc. and Estabrook & Co. headed
Transfer agents, Old Colony Trust Co., Boston, Mass., and City Bank
New York.
Registrars, First National Bank, Boston,,
tion., with
1942
134,136,294
3,000
Treasury notes and certificates
above
Farmers Trust Co.,
■
U. S.
included
„
.
$
8,066,239
funds
Short-term
Deferred
•_
:
subsidiary
1345.
The offer¬
ing comprises 167,490 newly issued shares, and 62,510
shares outstanding and owned by 10 vendor trusts.
History
".
159, p.
(no par) common stock at $32.25 per share.
Co. Only)
$
Total
Canadian
underwriting group that offered April 13 230,000 shares
,
$7,436,234
only)
Sheet, Dec. 31
the
American Optical Co.—Common Stock Offered—Harriman Ripley &
1,689,209
$7,544,610
preferred stock.
of
dollar equivalent, aggregate $5,080,486, of which $3,229,951
represents net current assets.—V.
147,181
and premium,
exp,
assets
36,502
net—
disct./
net
NOTE—The
240,873
633,981
1943
Preferred
greater
$165,865,628.
Liabilities—Notes
951,177
Comparative Balance
Interest
Highlights of Subsidiary Companies' Operations in 1943
$36,243,936 fund accounts relating to government
((contra), $36,188,662; post-war credits on excess
19,380
1942
923,240
debentures
income.-.
Accounts
1944.
Other
j
——_
—
of
addition brought to substantial completion
165,000
Net
of
facil¬
S.
contracts
979; total,
con¬
construction
capacity—generating
of the year were about 50%
of
U.
336,992; accrued payroll and expenses, $3,284,862;
$10,304,730 $10,223,801
Amort, of
quantities
:!
1943
$29,029,848), $23,963,448; goodwill, $11,000,000; deferred charges, $978,-
sales of service
larger
evere
substantially
responsible
activities;
steam
than
from
31,
profits taxes, $4,228,000; investments (less reserve for possible loss of
$2,750,000), $1,823,879; fixed assets (less reserve for depreciation of
'
revenue
customers
Delivered
with
more
$20,339,203;
inventories,
financed
$11,220,432 $11,131,460
—
general
taxes
income
Interest
the past year company's subsidiaries: (1) Fully met all the
requirements of their customers;. (2) Produced more energy,
During
electrical
than
Brief
431;
$165,865,628.
Total
Balance
American Gas & Electric Co.—Annual Report—
Dec.
'
Administrative
would
all
——
...
"T
Sheet,
18,930
joint, facility cos.—.
—
in 1943 and $2,-
yT.
Balance
and Canadian Government ^ecuri.ties, $8,897,200; marketable securities (quoted market value, $1,823,760), $741,870; accounts and notes receivable (less reserve for doubt¬
ful accounts and notes of $177,199), $17,585,020; unbilled charges on
contracts with U. S. Government and other war contractors, $3,875,Assets—Cash,
to
outstanding 35,075
689,779
—
allowing for post-war credits of $3,728,000
17,493
,
consolidated—..— $11,184,263 $11,094,586
subsidiaries
from
$5,051,593
2,463,727
17,240
1943
12 Months Ended Dec. 31—
Income
2,500,000
$6,626,515
2,444,330
'
662;
by
1,700,000
government financed contracts (contra), $36,188,deferred credits and operating reserves, $1,637,691;
reserve for'accident indemnity reserves, $1,628,061; reserve for exchange
basis of capital stock of former stockholders pending appraisal, $975,778; contingency reserves, $9,408,717; 7% cumulative preferred stock
•($100 par), $33,219,400; common stock (1,364,414 no par shares), $1,-
5
■
Comparative Statement of Income (Parent Co. Only)
retired
stock—.
1942.
% 114,220
2,700,000
stock
preferred
106,427
31,900,000
adjustments—
Consolidated
in assets of subsidiaries con¬
surplus.
earned
of
exclusive
——
———-————'—
common
in
400,000
—————615,430,288 605,907,402
subsidiaries
solidated
Other
would
There
'!:" "After
2,678,821
1,175,942
62,525,285
par)—
subsidiaries
of
35,562,300
44,827,370
on
35,562.300
44,827,370
65,780,400
surplus—
Interest
outstanding common shares
amendment.—V. 158, p, 81.
the
"In
%
there
the company's preferred obligations.
shares of 6%
cumulative preferred.
stock
preferred stock,
on
stock.
new
part of the 6% issue which shall not have been
exchange on June 1, 1944, would be called fqr redemption
at
540,218
27,456,936
125,000
share for share, to stockholders
That
1944,
—
construction
surplus. Xpaid-in)
Total
the issuance of authorization of 35,075 shares
cumulative preference shares,
1,980,486
1,581,364
———._
'f
2,828,000
29,300,000
—
tax
post-war
7%
on
Divs.
,
for
profit
Divs.
than
upon
The proposal calls for
of
preferred
($10
stocks
Premium
American Fork & Hoe Co.—Exchange Plan—
aid
cumulative
Earned
81,867,205
———
accounts
in
Capital
act
of
reserves—
4%%
92,302,298
26,456,936
153,688
plant and/or depr. res,
elec. plant acquis, adj.
of utility
Contributions
to determine any future
administration of
the
plan.
' '
or
,
for
Miscellaneous
authorized
retained jurisdiction of the trust,
concerning
159,
plan.
The trustee is
denying permission.
the
under
adj.
Reserve
must
236,179
>,.
4,936,757
reserves
Possible
licensed whisky dealer, or distillery
apply to the trustee for permis¬
any
stockholder,
a
purchase
his
use
that
stated
is
163,000
————;— ;
Net
taxes
income
601,115
.
5,027,569
Reserve
A
7
——
661,730
credits,
Depreciation
plus
on
liabilities^
Contractual
bottling charges, with transportation to be paid by the purchaser.
owner,
preferred stocks—
on
for
profits
Provision
1,490,287
26,297,645
Dividends
not listed immediately.
the company, plus Fed¬
the
1,496,013
29,198,779
accrued
accrued
Taxes
stockholders.
by
v—i,!———*
•Excess
1,216,118
;
charges
Provision
10,239,116
176,078
Interest
-
partici¬
to
8,324,775
158,066
1,252,713
—
They may share in a cash payment resulting
price" of the blended whisky
and
\
.
who
stockholders
the distribution is
However,
eral
of
cases.
for
made
funded
profit
Interest
Electric
payable, generals———
—-v
Accounts payable, joint facility companies
Customers' deposit#
—_.!—
.
Net
7 7"7■ 7:7,;:.v7;,7.,t7" '•,v'■%!Co. debentures—;^--7. 26,370,000
27,315,000
debt—:
206,000,000 207,100,000
■
&
Gas
Accounts
.
of
Liabilities—
Subsidiaries
of purchasing, for each share of stock, 16 cases of a
straight whiskies at cost price.
He also may purchase, for
each share, )«ne case of bottled-in-bond bourbon and rye whisky at a
blend
•
American
November in -New York, provides that
of the close of business Feb. 29, 1944, may exercise
last
announced
615,430,288 605,907,402
Total
provides
which
Safety Equipment Service Co.
Co.
(Ltd.)
ing the properties and business of American Optical Co., a corporation
organized in Massachusetts in 1869 as successor to a business carried
by a series of partnerships commencing in 1833.
The operations of the company consist ol the manufacture, distribu¬
"on
tion, and wholesale dispensing of lenses, frames, mountings, sunglasses,
Total
145,813,918' 147,326,379
industrial
goggles,
aviators'
goggles,
spectacle
cases,
diagnostic
and
Volume 159* Number 4273
orthoptic
These
In
instruments,~ refracting equipment and optical
with the exception of industrial goggles,
products,
1943 approximately 28%
United States
The
week
of the company's sales were made to the
Due
Central
to
America,
conditions,
war
April
Cuba,
dispensers
Australia, Africa
Mexico,
for
the
made
sales.
:
,
foreign
during
countries
amounted
1943
to
approximately
"*'•*','
,
645,936
National
currently borrowing
under
$9,800,000
a
will
$4,978,346)
frem
to
time
available
be
for such purposes
primarily for use
determine,
time
Tunnel
sales
income
each principal
of
name
underwriter and the
♦Column A
Ripley & Co.,
Blyth & Co., Inc
The First Boston
,
.
8,152
8,152;
4,755
V
/■_:
3,397
1,718
&
Kidder, Peabody & Co.—
Higginson Corp
7,282
2,718
2,718
'___
Beane
Burr,
&
Harris,
Hall
& Co.
Riter
&
W.
Mines
and
4,000
4.000
Patents'
Supplies
2.000
544
2,000
544
1,456
2,000
1,456
544
2,000
1,456
544
2,000
The Wisconsin
1,456
544:
1,092
408
Funds
In
7
Whipple •& Co..;
R. S. Dickson & Co., Inc._
Equitable Securities Corp
Hayden, Miller & Co.__
Bacon,
B.
J.
Piper,
_
.
Finished
Jaffray &
notes receivable
and
>
:"'v
272
1,000
728
272
1.000
272
;v
'
1,000
728
272
728
272
to
Consolidated
728
272
1,000
y/.V 728
272
36,456,843
35,931,088
884,226 '.t,;
858,490
taxes
,
(
;
-
Total
635,111,717 646,033,693
♦After
;
reserve
for
depletion
reserve
for
depreciation
deducting
in
$2,637,534
(After
$2,569,990
of
in
1943
and
1942.
general &
17,895,702
14,832,250
Wire
Years Ended
Profit
of
$199,494,185
in
and
Cable
Co.—Earnings—
1943
Dec. 31—
other income—net_:
Total
Cr20,607
13,472
80,651
$8,796,692
$4,863,623
749,069
_______
677,473
593,328
___________
Total income
$12,925,338
1,204,704
deductions
income tax
and
$9,474,165
429,018
$5,456,951
440,566
Service,
selling,
9G7.896
7,321,720
5,527,710
,
1942
9,024
37,490
252,554
200,541
1-45,676
1,500,000
2,154,149
1,008,789
2,000,000
835,751
780,000
6,950,000
Cr200,000
Cr695,000
income
Federal
Federal
post-war
and contingencies
Net
812,425'
Provision
Net
income
♦Less
debt
paid
$1,504,471
717,669
_
Earnings
of
$811,240 in
Consolidated
Assets—Cash
in
478,446
717,669
1943,
and
1Less post-war refund of
banks
Balance
and
Sheet, Dec. 81,
421,981
Assets—
S.
on*
United
States
tax
notes
of
$9,194,158),
$692,733;
re¬
$2,541,072; common stock (478,446 shares, no par), $12,385,948;
earned surplus, $9,008,126; total, $40,415,885.—V. 159, p. 1345.
serves,
.
American Telephone & Telegraph Co.—Earnings—
Period End. Feb.—
Operating
revenues
Uncollect, oper. rev
Operating
revs
$3.38
1944—Month—1943
_
1944—2 Mos.—1943
$19,075,637 $17,562,464 $38,357,939 $38,746,931
81,880
84,000
163,880
'
-'/rv
31
1943
'■
186,500
3,630,000
Government securities_____
and
accounts
materials, goods
on hand
Supplies on hand____
in
$5,737,585
6,558,200
8,110,505
9,153,197
355,459
.____
______
——
9,125,477
18,862
22,796
101,370
95,474
282,699
Investments
1,373,611
9,054,391
439,591
24,492
31,172
895,000
695,000
estate.
Prepaid
in
securities
and
—____
real
expenses
Deferred
charges
____________________________
Post-war refund of Fed.
exc.
profits taxes (est.)
Liabilities—
taxes
Arbor
and
RR.
to Ann Arbor RR.
constituting
certificate
for advances made for the payment
charges, aggregating $741.
Upon surrender by Ann
shares of capital stock of Frankfort Realty Co.,
of the outstanding capital stock of said company, a
other
of
100
all
of
voluntary dissolution, dated Oct. 15, 1943, was filed by
Realty Co. with the Michigan Corporation and Securities
Frankfort
Commission.
*
Income
Railway operating
Freight _i
Account, Years Ended Dec.
31
♦1941
1943
Passenger
♦1942
$5,749,05G
revenues—
$4,939,124
$4,580,770
115,752
53,617
39,396
Mail
34,143
34.286
34,600
Express-
18,111
15,259
10,559
119,825
101,867
97,396
revs.—
$6,036,887
$5,144,153
$4,762,722
and structures
600,630
504,619
419,612
953,939
911 015
193,107
186.102
171,204
2,317,287
2,075,714
1,953,677
Other
Total
railway operating
Maintenance
of
Maintenance
way
of
equipment
Traffic
Transportation,
Miscellaneous
General
rail
line
_—
'
operations
833,935
3,207
3,025
2,142
140,203
expenses
Transportation for investment J Cr)
160,956
153.531
■•"—
__—
Net
from
revenue
ry.
operations-
$1,828,514
Railway tax accruals
rents
'
'"
-
''
'
$451,016
$781,433
Reels, spools and cases returnable by customers
Res. for taxes, renegotiation and litigation—__
1,679,153
1,971,161
5,582,840
2,151,548
14,428,356
630,669
471,602
850,000
16,879,240
550,000
16,879,240
Other
to
accounts
Other
accrued
Reserve
for
affiliates
payable...
—
liabilities
—
contingencies-....
(421,981 no par shares)—.-.—
Capital surplus _______________
______—1,(680,796
Earned surplus _!
5,151,682
Capital stock
...
$18,993,757 $17,478,464 $38,194,059 $38,560,431
Total
17,440,562
11,973,006
15,168,088
in
Net oper. income
$1,868,268
$2,631,760
$3,762,336
$5,951,781
1,046,318
406,617
2,917,964
—_
1,552,475
1,680,796
4,253,965
$34,876,557 $42,749,415
obsolescence
197,507
—
—
—
22,458,717
6,027,460
♦After deducting reserve
1943
(After
(After
and $346,302 in
allowing
for
for doubtful notes and accounts of $354,928
1942.
reserves
for
depreciation,
amortization
of $6,382,617 in 1943 and $5,667,866 in 1942.
deducting reserve for depreciation of $33,493 in
$29,559 in 1942.—V. 159, p. 546.
1442.
$1,302,722
1,414
$1,225,036
988,401
563,700
403,844
$840,114
$739,022
$821,191
Dr66,124
Drl39,128
Drl58,824
$773,990
$559,894
258,658
$662,367
$858,552
income
$796,379
6,083
4,623
$682,314
4,167
charges-
$790,295
$853,929
$678,148
281,730
300,906
433,197
$508,565
$553,022
$244,951
Railway operating income
payable
railway
operating income
22,389
income
Miscellaneous
deducts,
Income avail,
for
from
fixed
•
Net
income
♦Combined
corporate and receivers'
General
Balance
19,947
accounts.
Sheet, Dec. 31
1943
1943
and
and
1942
Investments
$23,128,488 $22,773,257
922,008
1,685,818
Temporary cash investments———
414,000
25,000
Special deposits
773,641
145,609
Traffic and car-service balances (Dr)
_162,671
119,541
Net balance receiv. from agents & conductors
31,034
23,846
Miscellaneous accounts receivable——
229,316
130,487
Cash
■
and
supplies
328,537
Interest and dividends receivable
Other
Deferred
1,033
—
assets
current
2,266
assets
'
Unadjusted debits
4,051
519,385
315,345
—
1,228
15,840
1,615,819
$26,516,432 $26,351,791
Liabilities—
Capital
Audited
$7,250,000
$7,250,000
12,840,279
260,910
887,124
446,631
180,690
.
accounts and
7,001,013
248,909
17,392
78,175
stock
14,162
payable
Miscellaneous accounts payable
Interest matured unpaid—
Unmatured
Accrued
Other
tax
interest
wages
81,605
1
liability—
current
14,557
accrued——
liabilities.——___:
liabilities
20,124
22,063
Unadjusted credits
4,392,354
6,440,649
4,138,762
Corporate surplus
—_
Indebtedness
8,819,244
159, p.
of
Deferred
$34,876,557 $42,749,415
Total
6,128,250
—V.
fort Realty Co.
Long-term debt
reels, spools,
10,997,239
—
these claims was consummated on March 31, 1943.
By deed dated as of Oct. 13, 1943, all of the property of Frankfort
(Mich.) Realty Co. was conveyed to Ann Arbor RR.
The consideration
for the conveyance was the cancellation of the Indebtedness of Frank¬
Total
322,682
1,373,611
■
.-
(Buildings, machinery^ equipment,
cases and dies_____„_I
(Patents, processes, etc
Operating expenses
Operating taxes
Net income
sur¬
of
10,237,321
finished
and
process
products
1942
5,646,407
receivable________
Raw
$12,400,000; accounts payable, $1,527,973;
accrued liabilities, $1,360,033; provision for Federal and Dominion taxes
(less
Sheet—Dec.
$4,341,068
U.
Liabilities—Notes payable,
income
632,972
$3.13
.-v
Land
1943
hand, $4,753,807; marketable securi¬
ties, at cost, $5,422,644; notes and accounts receivable, $6,476,888;
inventories, $12,999,134; miscellaneous advances, less reserve, $165,556;
investments and advances, $387,860; post-war refund of excess profits
taxes (estimated), $1,464,588; property, plant and equipment (less re¬
serve for depreciation of $7,689,484), $8,536,715; prepaid expenses and
deferred charges, $207,693; total, $40,415,885.
*
on
300,000
$1,427,408
share
per
$1,661,450
1942 and $52,644 in 1943.
$20,720 in
300,000
$1,319,699
^
Balance
post-war refund of $614,190 in 1942 and post-war refund
credit
receivership and the
creditor, at a price in cash equal to 10% of their face amount, the
following claims:
$2,164,341 of improvement and extension mortgage
bonds; $847,175 of unsecured indebtedness of Ann Arbor RR., and claim
of Jennison-Wright
Co. in the amount of $3,100, which claim had
been acquired by and transferred to Wabash RR.
The reacquisition
Material
$1,738,464
retirement
profits tax-
excess
Dividends paid
„
of the
Assets—
225,000
_________________
contingencies
income
♦Notes
'
780,000
—
(estimated)_________
and
excess
profits
prior years__
for
exp.,
adjustments
income
Dividends
•
Federal
for
admin,
(estimated)
Post-war refund of Federal
.
•
tax
profits tax
excess
Additional
engineering,
1,000,000
.
for
the termination
$7,876,643 $11,977,309
2,668,156
2,030,149
Provision
1943.
31, 19421943, the Ann Arbor RR. reacquired from Wabash RR., as sole
1,
Total
etc.
1,179,110
surtax
profits tax
(Dominion inccfme & excess profits
excess
with
31,
$7,839,153 $11,968,285
(
income
taxes
♦Federal
connection
as of Dec.
1943
Deprec., amort, and obsoles. chgd. off dur. year
Fed. normal
In
',/■
$405,000 of first mortgage bonds were reacquired and
year
treasury
Fixed charges
12,111,973
$12,176,269
miscellaneous advances
Income
control of the lines of railroad and other
satisfied of record.
was
the
Net
manufacturing operations______
on
Interest and
Provision for doubtful accounts and
income
Ohio, filed Dec. 31, 1942, the receivership was
receivers, Norman B. Pitcairn and Frank C. Nico-
render of the properties by the receivers as of midnight Dec.
Net
deducting
Anaconda
1941
1942
V
0ross sales, less disctS., returns, etc. $61,712,433 $49,072,248 $33,969,888
Cost of goods sold
31,661,069
25,429,834
16,913,641
Other
of
Statement, Years Ended Dec. 31
1943
Operating profit
158,
1,000
119,529,654 131,108,416
Surplus
be
________
$89,449,962.—V.
total,
$2,513,931;
Other income
Income
expenses
District
During the
'■
.and $190,361 in 1942.—V. 159, p. 835.
Selling, branch servicing,
taxes,
Jr., were discharged.
held in
4,157,385
■/
Deferred credits to income
1.000
:
purchased from the company,
common shares to be purchased from all the
shares
accrued
1
mortgage
51,990,737
4,344,975
stock
Accrued
1,000
;
„>
administrative
1,047,403
34,740,150
502,405
43,499,686
_2—433,716,900 433,716,900
and surplus
4,701,326
4,716,090
Advances by government agencies—
18,765,106
7,746,108
Res. for workmen's compensation insurance
1,813,262
1,598,494
Res. for contingencies
4,400,000
4,346,750
Accounts and wages payable
14,844,402
26,011,358
1,000
728
:
/'-/•■(Liabilities---- -.:.;-
1,000
272
728 ;
:
V-
common,
trusts.
"z
$493,156;
$71,647,580;
capital surplus,
$5,703,270; reserves lor
accounts and wages pay¬
1936,
$34,409;
1,500
728
number of
("Aggregate
securities.^—
635,111,717 646,033,693
272
—
vendor
consol." (current)
Total
1,500
728
$18,652,482,),
1942, in the principal amount of $3,670,000, of which $2,164,341 held
by Wabash RR. and $1,505,659 held in the treasury were canceled in
of
the receivership
and the improvement and extension
•V
1,092
.
compensation insurance,
15,172
Capital stock
Folger, Nolan & Co., Inc
_______
Johnson, Lane, Space and Co., Inc.
The Ohio Company
of
25,710,503
56,182,650
Capital
Hardgrove
(. ♦Number
not
^
1,500
Doolittle, Schoellkopf & Co._______
Farwell, Chapman & Co
&
1,500
6,913,116
39,667,983
—
Cash
1,500
Co
of
termination
,
30,740,176
(trade, less res.)
Govt,
subs,
Other assets
408
Co.
depreciation
for
reserve
The company came into full
$
7\
'
\
officers
Canadian
and
408
Bosworth, Chanute, Loughridge & Co,
.Ferris
S.
'408
& Harden
Weeks
U.
1942
;
*
$
31,617,308
of
1,092
&
(less
properties and resumed operation as of Jan. 1, 1943.
Improvement and extension mortgage gold bonds outstanding Dec. 31,
81
6,242,845
1,092
Lerchen
Boettcher
products;
——
_____—
1,092
Son
Singer, Deane & Scribner____—
Baker,
z:
21,685,845
$4.20
—
__L——
manufactured
;
&
claims, water rights and lands for metal
buildings and machinery at mines, re¬
mining
2246.
demus
36,464,030
111,829,446 118,485,257
1,001
1,001
33,391,864
34,247,543
18,765,106
7,746,108
9,421,954
10,084,278
-—" 25,159,112
22,027,108
1,500
408
1,092
$0.77
1943
$24,632,632;
etc.
terminated and the
259,695,773 282,718,229
3,717,417
J6,481,720
agencies
Accounts and
1,500
408
,*
1,092
3,582,379
31,
Dec.
investments, $25,309; deferred charges, $6,042,102; sup¬
hand—at cost, $6,661,251; metals—in process, $341,619; metals
Northern
198,378
37,000,326
4,000,000
320,802
'' 1943
'
1
hand
on
and
Hopwood——
Hilliard
Watling,
408
408
1,092
/
and
works,
on
Jan.
process
Indebtedness of
Co.
Sheet,
Ann Arbor RR.—Annual Report—
:
reduction
mines,
at
Indebtedness
1,500
Co
provided by govt,
Metals
2,000
&
Scranton
(''I#
:
■
2,000
Co..
p.
13,014,119
Sheet—Dec.
Balance
r
Deferred charges
544
Balance
$
21,685,845
$3.89
———-
Investments
2.500
544
$2,770,230
$0.76
income
Liabilities—Capital stock
(par
$20),
$9,057,616; earned surplus since Jan. 1,
.
679
1,456
3,156,881
$2,734,445
3,582,379
workmen's
33,760,801
—
—__
machinery
3,500
1,456
2,486,474
linished, $892,602; receivable from affiliates, $49,719; accounts re¬
ceivable, $1,589,066; U. 8. Government securities (at cost) $7,250,000;
cash, $6,712,423; total, $89,449,962.
company
134,638
♦29,387,233
.3,000,000
282,830
lands
3,500
.r
plies
410,205,215
mining claims, water rights, etc
and phosphate deposits—-
1,087
G. H. Walker & Co
J.
2,231,112
(est.).
$35,253,239;
31
Dec.
*
951
.
&
duction
provision for United States excess profits tax,
V
951
Mackubin, Legg & Co
Chas.
'
/;■
♦Timber
1,456
& Sons
Brown
Alex.
Putnam
taxes
share
per
producing planes,
(99.87%), And
12,251,031
—
Consolidated
..
1,821
(Inc.)____
income
net
Assets—Mines
;
319,070,573
_
(Buildings and
works, etc.
1,087
Chilean
Consolidated
1942
Assets—
5.000
:
and
.
367,092,706
share
per
5,000
2,549
S.
Earnings
timber lands and
income
♦Including $4,500,000
1,359
2,913
Inc.—
Inc
.
$
income—
net
2,913
Co.
.
444,745,936 408,952,657
1,163,303
1,252,558
paid
1,359
—
"
&
14,013,603
2,106,031
1943
445,909,239
2,549
Coffin
Ended
.
earnings
contingencies
3,641
3,641
Whiting, Weeks & Stubbs,
7,500
2,037
5,463
Tucker, Anthony & Co.__——
White, Weld & Co.
Drexel
$22,171,825
15,060,489
and obsoles
Dividends
31,
net, after deducting credit for post-war refund.
"
—
.
depreciation
for
Earnings
'
Weeks__-
&
Account Years
,.
:
*;
share
10,000
Hornblower
Income
..
foreign income and profits taxes (est.)
Dividends
10,000
7,282
:
&
_•
-
Consolidated
10,000
Fenner
and
for
Minority
10,000
Pierce,
•.
,
of
S.
Provision
12,500
9,103
2,718
Lynch,
,
phosphate deposits
12,500
"
7,282
Barney & Co._.
for
increased
shares
119,650
and obsolescence
U.
17.500
9,103
7,282
Smith,
232,301
—$22,387,439
deprec.
Consolidated
17,500
3,397
Goldman, Sachs & Co.____________
Merrill
transactions
These
Co.
(97.77%),
respectively.
Provision
30,000
4,755
Lee
..
Provision for depreciation
30,000
,
12,745
Corp
Webber, Jackson & Curtis—_
Paine,
294,504
By order of the U. S. District Court for the Western Division of the
Shares
21,848
Brothers
Lehman
J942
$22,092,936 $21,939,524
deliveries
account.
for the year ended
account
Cost of sales
Total
Shares
21,848
12,745
Inc..
—i—
income
.
income
Total
re¬
(Column B
Shares
Estabrook & Co
U.
"
.
spective amounts of common shares severally underwritten by each are
as follows:
;• l
Harriman
_______
income
of
able,
Other
Underwriters—The
ended Dec.
1943
:/■•
Gross
and its subsidiaries.-.*.,-
Mines
&
(57.41%),
Consolidated
the
ad¬
as
as
manufacturing facilities" and other purposes incident to the business of
company
for
the consolidated
year,
the
1943
income
possible renegotiation
in
3,502,514 shares
to
ditional working capital; but including possible provision for additional
the
adequate
,3
shares
606,432
Purpose—Net proceeds from the sale of 167,490 shares now offered
may
be
1943.
holdings
is
account for .the
required
was
to
in
made
31,
credit
Loan—Company
trustees
Railway)
1943
copper___—
Provision for
.
1,000,000
_
Cost
Capital expenditures less sales of capital assets in 1943
Authorized Outstand'g
(shares)
shares (no par)
"(estimated at
of
income
Total
Report—
V
,.v.
amounted to
$4,114,433,
.
J
' ■
r
During the year the company increased its holdings in shares of
subsidiary .companies by purchase of 21 shares of stock of Andes
Copper Mining Co., 66 shares of Butte Water Co. and 900 shares of
Dec.
arranged with various banks in accordance with the terms of Regula¬
tion V of the Board of Governors of the Federal Reserve System.
j
Other
consolidated income
believed
been
has
This amount includes approximately $20,000 sold to European
.■'i".'
■'■ ",/?.
Capitalization, Adjusted to Reflect Present Financing
V
Co.—Earnings—
Potrerillos
was
adjustment
no
Provision
*
Common
Deliveries
week
corresponding
1442.
p.
which
the
in
1942,
of consolidated sales of the company and its sub¬
$3,140,000, or 5.1%
■
tire
o.L Government contracts with American Brass Co.
year' 1942 resulted in a settlement in the gross amount of
consolidated
affiliates.
kwh. for
78,345,000
Mining
(Including
paid during the year 1943. The net decrease,
after tax. adjustments, in income of the company for the year 1942.
amounted to $2,150,850.
Provision for such renegotiation having been
*
sidiaries.
output of
159,
Copper
Years Ended Dec. 31—
Renegotiation
expon
in
1944,
8,
Andes
Electric Co., Inc.—Output
&
properties of this company for the
totaled 84,953,000 kwh., an increase of
electric
Anaconda Copper Mining Co.—Annual
$1C, 600/000
Sales
Works
the
many
business averaged approximately 3% of the total
sales of the company, and sales of the company and its subsidiaries in
all foreign countries during such period averaged approximately 8% of
company's
of
over.the
1943.—V.
of
foreign markets are now
closed to the company, and sales in other foreign markets have been
adversely affected.
For the four-year period ending Dec. 31, 1940, the
*
ended
8.43%
Water
output
Power
1547
sells its products direct to distributors and
America,
Asia.
and
known
are
Government.
company
South
in
American
machinery.
industry as ophthalmic products and instruments.
the
in
THE COMMERCIAL & FINANCIAL CHRONICLE
>
Total
-V.
1,782,821
$26,516,432 $26,851,791
__;
159, p, 931, 1346.
Arizona
Edison Co., Inc.—To Redeem
Two Bond Is¬
sues—
All
of the
outstanding second mortgage 6%
income bonds, series A,
and second mortgage 5% income bonds, series B, dated July 1, 1935,
have been called for redemption as of May 10, 1944, at 100 and in¬
terest.
Payment will be made at the New York Trust Co., trustee,
100 Broadway, New York, N. Y.
The trust company has been authorized to pay at any time before
the date set for redemption the redemption prices of above said bonds
.upon surrender of said bonds.
Similarly, the company has called for redemption on the same date
its first biortgage series C 4% bonds, all of which are held by the
Equitable Life Assurance Society of the United States.—V. 159, p. 1442.
Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
twice a week [every Thursday (general news and advertising Issue) with a statistical issue on Monday]. Other
111. (Telephone: State 0613), in charge of Fred H. Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
1944 bv William B Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States and
Possessions $26 00 per year* in Dominion of Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa, $31 oo'per year.
NOTE: On aeeount oi the fluctuations in the rates of exchanger remittances for foreign subscriptions and advertisements must be made in New York funds.
The
Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana
Dana Seibert
President; William D Riggs, Business Manager.
Published
William
offices*
135 S
La Salle St., Chicago 3,
THE COMMERCIAL & FINANCIAL CHRONICLE
1548
ended
April
Electric
the Associated Gas &
This is an increase of
of 130.162,460 units a year
was
above production
6.0%
or
Operating
expenses-..
Net
Co.—Preferred Stock Offered—
Atlantic City Electric
The
1949
11,080,953
7,380,388
18,461,341
908,200
6,420,669
the
income
23,786,296
29,565,522
inc..
399,366
379,621
rentals...
5,905,971
6,566,546
17,480,959
9,835
22,619,355
'
9,835
2,470,281
1,646,854
from
deduc.
and
Interest
income
dividends
Freferred
May 1.
equal to
...
dividends
Common
General
•
3%
of the par
Balance
will be used as follows:
(1) To purchase, for cancellation, from Amer. Gas & Elec¬
tric Co. ((at cost)
30,592 shares of $6 pfd. stk. at a
cost, exclusive of accrued divs. of
...——
(2) To deposit with redemption agent, in trust, cash re¬
quired for the redemption of 26,283 shares of $6 pfd.
stk. (to be called for redemption at $120 per share),
outstanding in the hands of the public, which, excl.
amount
will
divs.,
accrued
Cash
Trafiic
$3,059,200
Net
1st
cum-,
stock
Common
to,
par)
(no
(no
the
Of
par).
mulative preferred
1,150,000 shs.
Heating
Depreciation
99,312
taxes
Federal
income
Federal
excess
Unmatured
612,728
rents
deferred
88,642
...
...
_
,
1,528,761
614,807
profits
V
taxes...
34,985
3,241,060
$2,075,278
_
$1,879,891
Cash
40,538,688
9,484.511
6,037,453
97,666,714
29,254
35,674
41,875
deducs.
etc.,
16,616
55,083
'
,
(&
income
The
annual
lative
$1,469,452
_
dividend
preferred
requirement
%
will amount
stock
$220,000.
to
-■7 ■'
cumu¬
v.-
.
23,
Business—Company was organized
and
in
May County Electric
Cape May light & Power Co., Hammontom Electric Light Co.,
Jersey Electric Co. and Atlantic City Electric Co. (the last named
by
1924,
Co..
West
being
consolidation
'"t
Cape
of
Net
sale
engaged
is
of
electric
the
in
transmission, distribution
of the State of New
generation,
in
area
Atlantic
City
Income
City.
and
Company also sells electric energy at
Power
&
ended
Light
Dec.
Co.,
31,
non-affiliated
a
1 "43,
approximately
of
the
company
proximately
1%
from
revenues
Purchasers—The
the
and
shares
to
and
of
addresses
severally
electric
from
heating
water
and
&
'
*
■
G.
R.
Putnam
op-
Becker
& Co.,
by
each,
are
W/ Precsprich
7,250
159,
Co.—
Auchlncloss,
Redpath
Eaker,
6,000
Parsons & Co
Etroud & Co.,
6,000
& Co
Trask
Graham,
&
Co
6,000
Inc...
as
Provision
Weeden
Inc
&
2,000
Watts
&
3,500
Parker
&
Co.
2,000
...
Inc
Co.,
2,000
3,500
G.
&
Allen, 'Chairman
Smith
Co.,
Mutual
Insurance
written
by
In
Atlantic Mutual
be represented
President, stated.
Mr.
held
A Hen
is
office
New
a
in
on
of directors of Winslow
elected 'a tiustee of Atlantic
been
of
the
increasing volume of insurance
England
it
seems
the board of the
fitting that this
William D.
company,
former Governor of the State of Massachusetts,
1929-30.
He
affiliated
is
with
having
organizations
many
in
England, being Vice-President and director of the Boston Chamber
of
Commerce,
of
Bunker
Chairman
Hill
of
Monument
trustees
Boston
of
Assoe'ation,
John
University,
Hancock
director
a
Life
Mutual
insurance Co., and State Street Trust Co., and a trustee of Franklin
Savings Bank of the City of Boston, and of Wellesley College.—V, 159,
Statistics
1943
Revenue
tons
Tons
fr'ght 1 mile
•Rev.
Rev.
rev.
carried
fcr
Calendar
1942
Cash
banks
in
39,724,099
34,311,333
Other
Revenues
Railway
from
tax
all
S.
retirement
Railroad
increased,
aggregating
taxes
Ry.
prop.,
laneous
% Incr.
2,949,004
due
to
related
.
_
traffic
con¬
circumstances.
U. S.
annum.
reduction
-
in
638.028
7,617
1,366,253
%—'
liabilities..
594,443
1,
47,149
61,197
1
967
125
5,226,021
4,801,585
653.882
...
653,882
161.477
.
■
161,47-7
<
6.653,801
8,080,135
—.
~
vfVSr.*-A\
"
Hydro-Electric
Co.—To
Reduce
%•'**,
■
•'
.
•
Outstanding
.J
•
April
on
bonds
above
11
voted
to
call
19«3.
due
reductions
will
•
bring
the
funded
total
debt
1943, figure of $8,208,000 to $6,500,000.—V.
31,
116,569
,16,000
Govt,
requisitioned
or
120,125
.
down
•
from
159, p. 546.
5,794,029
;
100,077
14,633,128
513,393
734,855
Merchant
/'
Marine Acts
payable
:
contingencies...
operating
reserves.
interest
Capital
1,115,233
Earned
$1)
(par
stock
1,258,466
(par
and
surplus
1
surplus
surplus __!>
159,
"On
per
&
Lomb
appealed, seeking
525,745
647.445
The
U.
85,114
88,257
*
.150,000
-7,600,000
1,912.897
9,557,717
$32,845,047
a
lower
Royal Little, President,
stockholders
name
will
to
be
on
held
ART IT It announced that
on
May
Tex^n.
meeting has not been heid,
1
to vote
on
a
and
special meeting
changing
the
Jaut'that
.
$0.37
$0.29
$0.34
stock.—V.
158,
p.
2247.
•
' V
Optical
.
/
Supreme
S.
Co.—U.
Supreme
the
regular
corpo¬
annual
a special meeting will bfe called to
Court
court
low^r
a
bv
equally^ divided vote on April 10
dismissing the government s anti¬
an
opinion
Bausch &
Lomb Optical
The government had
Co.
reversnl.
action
parallel
wholesalers.
anti-trust
The
Lomb
agreed
charges
to
make
mad"
bv
alleged Bausch &
for Soft-Lire, thus
the government
pink-tinted
lenses
onlv
off competition.
It contended that Soft-Lite sold such lenses
only to "cooperative" wholesalers who resold to retailers at prices
dictated bv Soft-Lite and only to retailers licensed bv Soft-Lite.
The District Court held that the Eausch & Lomb arrangement, with
cutting
Soft-Tite
Change Name—Sales
Earnings Estimated—
ration's
$0.57
the Court upheld the decision of the same
court
ordering Soft-lite Lens Co. to discontinue the system
which it had been distributing unpatented pink-tinted lenses
In
to
S.
was
not
distribution system
of
S110.0M
Court
Sustains Dismissal of Anti-Trust Action Against Com¬
Bausch
875.216
2,006,682
Corp.—To
$93,570
•,
against
11,234,852
R-yon
46,400
$95,856
shares of common
a
150,000
....
156,491
81,000
share.
com.
178,055
sustained
731.
Atlantic
$51,250,000 $27,900,000
per
"Earns,
trust. suit
7,400,000
-
174.570
105,000
$134,553
—_—
983,459
2,883,158
interest of $432,330
profit
under
•
201,856
133,300
...
pany—Government Sought Reversal—
647,445
•
126,792
267.853
taxesi,^
91,717
$39,313,563
p.
Net
income
120,125
-
...
$100)..
Total
—V.
,
262,800
151.848
income——
5,964,033
of
r
$3,355,176
201.879
815.518
14,482
$3,245,186
Operating profit
Total
1941
$3,093,473
$3,415,198
sales
Federal
pno.ono
650,776
1,445,821
in capital
Terminal Co.
^ ,
1942
1943
1944
Quarter End. Mar. 31—
Net
428,294
....
V
-
'
;
112,700
1944)
___________
reserves
stock
2574. '
1,985,104
1,
i;The Commission held that notwithstanding
of the interest in City Stores, Bankers fetained its char¬
for extensive and diversified investments.—-V. 158,
vehicle
a
1,019,634
(payable Jan.
Recapture profits due U. S. Maritime Comm...
Preferred
as
118,598
debt
Santiago
investment company.
3,757.405
5,397,131
—
trust bonds
income
Minority
$94,800
33,764
....
accrued
management of the latter concern
an
Barker Bros. Corp. (& Subs.)—Earnings—
1,545,172
l,210.oi9
payable
accrued
for
'
1,281,919
accounts
Long term
$202,554
1,000,000
1,241,427
...
holding company, and Bankers stressed its activity in
as part basis for an exemption
rtment store
acter
-
payable (bank)..
—
payable—U. S. Govt....
older under Section 3(b) (2) of the
declaring it not to be an investment
an
19^0
has been denied by the Securities and Exchange Commission.
Corporation fmlds a controlling interest in City Stores Co., a der-
the importance
5,375,000
95,177
15,205,315
...——
loans under
Govt,
Notes
as
...
_______
for
Act cf
Qompany
Be Investment Co.
Corp.—Held to
4.579,983
for
_________
(net)....
-
p.
...
4,024,452
S.
Security
company's request
The
the
418,414
119,000
Accounts
$1,117,030
2,957,118
represents
1,655
——
company
pa
Liabilities—
1942
1,075,000
_____—i
reduction
325.203
1246.
p.
series
The
232,520
Total'____—... $39,313,563 $32,845,047
1943
1,840,946
Total
.372,203
—
equipment
Deferred charges
1,355,430
franchise, excise, license and miscel-
notes
(net)
Property and
$1,469,141
taxes
debt
lost
vessels
Investments
Common
—
.
3,757,425
compared
During the year 1943 company purchased or redeemed outstanding
bonds, certificates of indebtedness, and other obligations amounting to
$11,441,000.
This
19.891
—
surplus
Investing
44,063
4,722,504
deposited with trustee for bond redempt'n
$51,250,000
follows:
payable to States
reserves)..—
underwriters
(less
1J(—.....
Special funds and deposits (net)
amount due from U,
Collateral
740,414,572
largely
conditions and
1943
tax.—
stock, tax
Income
payable..—
—
credits
directors
3 V2 %
against
supplies—!.——...
Miscellaneous
unemployment insurance tax
Capital
7,089,600
$1,108,000 of 334% first
mortgage bonds of the 1966 series as of July 1, next.
As of Dec. 31,
1943, these bonds were outstanding in the amount of $7,108,000.
i;
On Ma-rh 1. last, the company retired the entire Issue of $600,000
The
$1,751,809
119,426
6,926,982
Estimated
Reserves
as
16.643.000
;•
payable————
wages
liability
Bankers
$1,634,432
Cash
51.00
1942,
and
(Cr)_.
balances
3%% Series Bonds—
31
112,700
52.26
war
$3,828,000
14,726,000
—:
accounts
1942
Govt
S.
receivable ,lless
Treasury
Insurance
for
$3,828,000
7,089,600
j
__
car-service
Bingor
450,000
Dec.
deposited with trustee for bond interest..
28.42
-
Railroad
and
9,352,602,575 7,282,991,170 2,069,611,405
services
412,845
$40,943,641
$42,221,129 $40,948,641
The
Sheet,
Balance
hand
on
claims
Deferred
accruals
with $27,900,000 for
and
accounts
Insurance
15.78
tinuing to be stimulated by
702,742
I
convertible preferred stock
V:
the Dec.
securities
5,412,766
8,731,734.
5,782,730
mile 2,157,255,786 1,416,841,214
1
509
liabilities
159,
,
426,500
450,000
Consolidated
receivable—U.
Accounts
Coupons
Years
Increase
pass'gers carried
pass'gers
5,555
$42,221,129
—
—
——
Tot°l
1,159,903
1943
Marketable
Taxes
Atlantic Coast Line RR. Co.—Annual Report—
Traffic
80
6,769
——
—
surplus
371,"00
Comparative
Interest
Revenue
976,063
2,888
...—
—
Appropriated surplus
776,000
Assets—
Other
835.
P.
115,503
724
—
debt
Unearned
$3,503,445
Cash
board
the
in New
should
area
Winter,
of
view
receivable
assets
current
1,150,000
dividends
77,933
333,967
conductors^.
supplies—
tax
Deferred
>
1,141,409
...
78,979
927,405
agents and
from
55
210
receivable..
accounts
$2,140,182
reserves)
Boston,'has
Co,-
contingencies
347~342
376,451
stock
and
Other
178,925
surplus
932,054
365,000
—.—
—
7 3,289,888
profits taxes
exc.
notes..
65,897
39). H28
Preferred dividends
U.
Frank
for
Balance
Materials
Atlantic Mutuallnsurance Co.—New Trustee—
Bros,
and decld. value
1342
$38,080,702
1,244,889
—
187,111
a>2,la9,4b0
bonds.......
1943
$38,181,106
"v.;-.;■/:
$2,548,089
2,129,698
*.
31
Dec.
Sheet,
Balance
equipment, etc
and
debits
Unadjusted
f
372
trust
1.87
334,950
139,571
$4,610,516' .$5,439,348
collateral
2.17
—_
...—
assets
Accrued
7
$2,4bU,o*d
—
income
on
2.90
748,254
293,705
241,917
Interest matured unpaid
——280,335
Dividends
matured
unpaid
65.4^2
Unmatured
interest
accrued——i
6,577
132,818
Zl
for inc.
Prov.
3,500
1442.
p.
Total
Premium
$653,725
accounts
and
Audited
$2,415,271
$2,853,741
credits
Common
&
6,000
Allyn & Co., Inc
income
...
$843,109
charges
Shares
7,250
Spencer,
—V.
and
Other
underwriters
Shares
Co.4—-—-
White, Weld & Co.r„'.
C.
service,
principal
purchased
be
■"
$2,515,141
income
deductions
$1,843,690
621,945
$1,401,979
—
338,600
service.
steam
the
—
Shields
A.
pur¬
Atlantic
wholesale to South Jersey
For the 12 months
the total gross operating
of
follows:
A.
other
and
company.
99%
derived
were
hot
names
of
number
heating
for
steam
111
operating profit..
6,277
$1,561,419.
718,309
tax
cumulative
—V.
Net
17,624
7,124
road
rec.
Miscellaneous
part
the company's generating plant in
to two;customers at
poses
profits.)
-
.
20,988
9,268
times earned
Liabilities—
Earned
Jersey and is also engaged in furnishing hot water heating service in a
limited
,
12,544
—
Traffic
1943
1942
$11,147,434 $16,183,577
8,348,383 s 13,461,049
283,910
307,257
income
Gross
the southern
in
energy
-
operating
Other
predecessor of the company).
a
Company
and
and
merger
income and
on
April
New Jersey
(Dr)
facil. rents
receivable
Long-term
time to time payments
our legal rights
to
...
....
(other than taxes
Taxes
History
$1,425,881
$1,251,744
current
Common
to
M-'
■
Operating revenues _*
Operating expenses
$1,589,530
...
bills
and
balance
f.%
just compensation."
$1,318,914
$1,269,062
the 55,000 shares of 4%
on
50.940
$1,865,502
fixed
in
Unadjusted
Comparative Consolidated Income Statement, Years Ended Dec. 31
Net
$1,100,883
274,057
52,070
(Cr)
—
Interest
Presi¬
Edgar 8. Bloom,
adds
full and
274,524
dividends
Total
that the company*is "receiving from
account of
these claims without prejudice
on
585,000
585,000...
585,000
interest, .amort.,
$1,920,530
$1,909,145
$2,096,326
Lines
Steamship
received on account,
payments
$1,262,936
274,249
from gross income
for
Miscellaneous
dent, states in the report to stockholders.
He
Gross
deducting
$1,528,455
income
facil. rents
...
Treasury
Loans
Net
Administration
after
$1,812,861
711,978
—1
S.
U.
against the War Shipping Administration on account
requisitioned for title, and for vessels lost when insured by
on account of charter hire,
amounted to $7,794,379
vessels
$2,301,317
1,038,381
'
Special deposits
unpaid claims
of
$1,884,856
21,048
income
Indies
West
1,895,362
—
General
Subs.)—Annual Report-
3,673,486
3,392,109
and
$3,423,817
operations.
ry.
Assets—>•';
Other
Gulf
$5,665,618
3,852,757
Joint
Investments
159, P. 1442.
Atlantic
1941
4,468,470
62,798
charges,
Preferred
Deferred
1,172,493
757,982
1942
$6,769,787
J........
income
Fixed
476,762,139 425,586,210
;
—
....
Income for Calendar Years
of
5,281,056
from
charges
Net
1,446,021
1,125,489
Total
—V.
11.34%.
In the two
reduced $2,537,000,
trusts
or
been
$165,000 equipment
$8,704,873
joint
and
Fixed
139,606
50,878,577
9,484,511
2,908,302
116,585,565
liabilities
_.
above
as
paid during 1943.
income
Material
872,427
taxes
income
Other
422,702
Appropriated surplus
Earned surplus
of $1,752,000,
bonded debt has
retired
bonds
operating
and
Available
14,856
23,897,454
1,000,729
48,444,252
—
/
—,—.
1,041,928
—
—
''
,
the company's treasury
Northern 5s, with cer¬
purchase for
trusts,
1943
31,
accruals.
Other deductions
5,960,016
2,270,846
371,244
318,395
1,087,503
9,763,037
3,076,871
320,092
557,690
liabilities..
current
the
Other
3,573,321
—_
;—
the
$14,000 Aroostook
income
Equip,
140,058,227 147,253,273
accrued....,—13,500
liability
Other
548,971
7,005,523
.
Report—
bonds and
were
tax
Railway
196,700
wages
accrued
interest
tax
earnings
bonds and
Dec.
revenue
Other
1,000,000
7,005,523
...
and
Unmatured
Accrued
1,000,000
(Crt.........
balances
service
car
accounts
—
$9,340,633
operating revenue deductions
Operating
Net
81,342,700
capital stock
payable
Miscellaneous
accounts
payable....^
Interest
matured unpaid——
Dividends matured unpaid—
90,769
$9,296,960
-W.-———1,497,542
1,102,062
_•
General
Other
108,100
revenues—•—
Maintenance
and
Audited
$9,249,864
$9,197,647
on
debt.
Long term
1941
$9,424,514
—.
operating
asessinents
Unadjusted credits
Unearned surplus
—601,159
revenues
Total
and
Inc
ended Dec. 31, 1943, totaled
after taxes, but before
to be in excess of $450000.—
year
that
estimated
are
operations—revenue
Gross
81,342,700
Co. stock
Petersburg RR,
the
...
Beside
.
and
Railway
'
—
stock
Other
$9,316,414
to
the
upon
1943'
Rail
4,966,730
4,219,631
196,700
&
in
and
Rail operations—expenses
476,762,139 425,586,210
1
Richmond
A
Traffic
stock is issued.
revenues
7,147,147
7,856,331
—_
1
sales
Comparative Statement
100,737
44,678
—
—
Premiums
Earnings
Electric
15.64%
matured
7,561,443
50,586
siock
that
$24,000,000,
equipment
ended
years
or
12,164,143
9,080,347
204,045
_—
of
•
19,785,638
receivable.———-—
...
Total
.
Class
1942
effect
no
adjustments incidental to
the refinancing of bonds matured
If 1943, resulted in a net reduction in funded debt for the year,
exclusive
■
said
ing mortgage 4%
$8,000 of such
2,221,987
2,473,862
conductors
assets
assets
Preferred
new
1943
have
529,117
receivable
Liabilities—
the
Years Ended Dec. 31-
from agents and
supplies..'..
current
Common
initially as 4%
to be classified
are
,
55,000 shs.
and 1,150,000 shares of com¬
cumulative preferred stock, 55.000
cumulative preferred stock.
In connection with the redemption or purchase and cancellation of
the company's outstanding preferred stock, a loan of not to exceed $5,500,000 may be made.
The note representing such loan, if made, will
be both issued and discharged on the same day on which the 4% cu-r
stock
will
purchase and extinguishment of $1,800,000 consolidated refund¬
Equip,
$100) of cumulative preferred stock
(par
mon
the rayon field and to enable the corporation
of its current advertising program.
renegotiation,
9,115,685
2,148,579
—
Unadjusted debits
cumulative
shares
<Dr\
balances
accounts
and
Deferred
8,000,000 —
1,150,000 shs.
—
with,
concurrently
or
service
car
receivable
bal.
Other
issue and delivery of the 4%
preferred stock, provision will be made for the redemption
or purchase
and cancellation of all of the company's preferred stock
then outstanding and for amending the charter of the company so that
the authorized shares of the company will consist of 100,000 shares
"Prior
name.
158, p. 2358.
Jan.
26,119,933
—4,176,290
Interest and dividends
Outstanding
Unlimited
1964—
—-—*
bds., 3i4% ser. due
pfd. stk, (par $100)
mtge.
and
Material
.
4%
—
Miscellaneous
Present Financing
Authorized
to
name
of
-•
investments——...———
cash
Special deposits
3,153,960
Giving Effect to
Capitalization,
also take that
change of name to Textron, Inc., are
that the activities of the corporation are
Bangor & Aroostook RR.—Annual
$
373,856,790 365.305,769.
26,011,169' 17,207.710
-
—_
—
Temporary
to—_
V,
tain
1942
$
Inve:tments
funds, to the extent necessary,
of
Little
Mr.
81
Sheet, Dec.
Assets—
$5,515,712), together with treasury
Purpose—Net proceeds (estimated
the corporation
benefit
of
approximately
1,823,537
9,835
1943
stock, with the premium decreasing to
value of the stock aiter that date..
value of such
par
are
presently'out¬
certificates representing shares of the corporation's stock,
certificates issued after the effective date of the proposed
standing
although
939,792
6,208,946
11,132,472
9,835
823,427
■
the
of
full
completed and when
already has a subsidiary
they
company
name Textron and the board of directors
the proposed
implication
conlined
change
The
Net
101.32.
preferred stock will be redeemable on or before
Initial offering price per share plus an amount
new
5%
be
the
The
possible
Misc.
102.365, and
and associates
Corp.
Boston
associates
and
will
obtain
8,972,275
that
the
when
The
the
change of name will reflect the change of name to Textron,
income
oper.
ry.
Total
First
102.51;
reports
available.
are
purposes of
eliminate
or
3,757,234
5,215,041
bidding for 4% stock.
It named a price of 101.28.
each naming a rate of 4y»%. were: Smith, Bar¬
Erothers
at
21,195,567
8,369,955
.
Co.,
&
15,704,857
8,081,439
three bids,
The other
The
to
12,894,803
5,970,475
1,813,850 > 2,213,242
Net
was
only other group
Lehman
24,261,189
3,065,622
other Income
awarded to the bankers on a bid of 101.6899 and a
dividend rate of 4%,
Union Securities Corp. and associates were the
ney
4,863,526
oper.
financial
1943
figures
rcommended
has
10,520,475
4,550,000
20,544,803
7,650,000
52,161,189
27,900,000
20,568,383
.
issue
The
51,250,000
Income..
Total
and including 10 other housps, on April 13
made a public offering of 55,000 shares 4% cumulative
preferred stock (par $100) at $102.50 per share and
Weld & Co.,
dividend,
"71818,383
accruals..
tax
$
$
Equip. & Jt. facil. rents
Shields & Co. and White,
banking group headed by
revenues..
oper.
Railway
audited
sales organization carrying
.
153,601,015 115,108,820
67,404,253 50,087,984
81,782,633
62,947,631 - 46,859,449 - 39,567,509
revenues
Operating
ago,—V. 159, p. 1442.
A
$
the
hear
1940
1941.
1942
$
1944, net electric output of
138,033.136 units (kwh.).
7,
Group
7,870,676 units,
Years
for Calendar
Statement
1943
week
Gas & Electric Corp. report for the
of Associated
trustees
Condensed Income
Co.—Weekly Output—
Associated Gas & Electric
The
Monday, April 17, 1944
The
a
monopolistic
conspiracy,
but
that
the
Soft-Lite
violated the Sherman Art.
Supreme Court modified
thef District Court action against SoftLite, however, so as to eliminate a provision of the lower court decree
requiring the company to submit such reports to the Justice Depart¬
ment as may be necessary to enforce judgment 6f the court..
The
rase.
court
gave
no
opinion
Of the Soft-T ite case, on
on
dismissal
of
the 'Bausch
&z
Lomb
which court anoarently was unanimous,
^Justice Reed said the evidence amply supports "the inference that a
Volume
conspiracy
between
this
to
maintain
prices
wholesalers
the
suit,
and
.•
THE COMMERCIAL & FINANCIAL CHRONICLE
•
Number 4273
159
the
down
Soft-Lite
General
Condensed
distribution system existed
through the years prior to
Balance
its
Investments-in
Cash
thing
same
to
is
as
true
control
to
prices
restriction
of
resale
of
by
investments—
receivable-.,
and
bal.
Net
Other
makes
Deferred
provision for such broad visitatorial powers" there would be
the
out
■
no
objection to the provision "if reasonably necessary to wipe
system."
Court
said,
that
however,
refused
Court
decree
offering to
to
grant
Soft-Lite
against
the
provision
"is
indefinte
too
Total
to
*
cash."
pay
.!
the government's request to extend the
require sale of lenses '.'to any person
Telephone Co. of Pa.—Earnings—
Period End. Feb.—
•
Operating
1944—Month—1943
$8,222,107
revenues—/
UncollecPible
7
oper.
Operating
$8,214,723
5.568.015
1,471,661
revenues,^
Operating
taxes
~
expenses
______
y
9,882
5,118,349
1,181,502
11,110,740
3,362,568
Net
>.
$1,175,047
$1,328,418
$2,427,797
159,
727,386
1,515,949
rents
Unadjusted
1,513,154
Earned
:v, A
Pacific
Corp.—Opens West Coast Branch—
256,589
the
branch.'under
Coast
of-R.
management
B.
—v,
606,091
The
effort
in
work
to
maintain
will
out
contact
close
and
installations
radio
new
insure
to
credits
———
:
—
Gross
equipped
this
to
field
engineering,
service damaged
to
maintenance
and will have
equipment
L'.
the
a
full stock of
159,
Operating
Expenses
Net
of
40
declared on the capital
record April 8. A dis¬
14, last.
Payments
in 1943 were as follows:
Jan. 14, 75 cents; April 14, 35 cents; July 14,
55 cents; and Oct. 14, SO cents.—V. 159, p. 210.,
;■/
tribution
of
85
cents
cents
share
per
has
been
to holders of
share was made on Jan.
per
Offered—An un¬
derwriting group headed by Lehman Brothers and Wertheim & Co. on April 14 offered 60,000 shares of 4%%
convertible preferred stock (par $100) at $105.50 a share
and accrued dividends from April lr;
^
•-.
Bond Stores, Inc.—Preferred
;
j
Total
The
Stock
was
plans.
whittled down
to
the net proceeds from the sale of the stock, the corporation will
$2,107,875 to retire serial notes payable to the Equitable Life As¬
Society of the United States, and it is planned to utilize the
remainder for. a general expansion program, including the enlarging
of
existing stores and factory capacity and the carrying of larger
y-V:'
108.—-V.
1
159,
1443.
p.
«
"
Boston & Maine RR.—Annual Report—
Condensed
V
r-i.
1,
t
J,/ Si ',4
,
..
hf')
.
Operating
expenses 1
■
for
1943,,
I":-.,'
'■ ■'
/
_■
Years
would
v
$86,325,775 $77,646,670
+60,566,252
49,350,039
——
//
10,621,837
9,669,776
■
cents
15
$15,137,686
$19,226,855
v?. 3,260,328
income
3,405,067
_
(net Dn
_
railway
Net
Other
■
:
operating
income
Total
<
:
Interest
debt—fixed
on
Interest
Other
1,159,917
bert
affairs of the company are refunding
the
interests
conservation
unfunded
on
deductions
interest
•..O'J.'j,
debt
,J'- \
li*
*7f75o
_v--.~~~~_-~-.~--/
13,342
436,382
190,459
;
205,403
cated
accordance
in
charges /avail. net inc.)_ *$8,898,014 $12,559,015
fixed
after
♦Income
tavailable .net income) has been allo¬
mortgage indentures to the following pur¬
bonds, $679,102;
interest on income bonds series A—accrued for period, Jan.. 1 to Dec,
31, 1943. at iVafc, $1,755,943; "sinking fund for redemption of series A
bonds, $482,870; purchase or payment of mortgage bonds, $1,993,367;
.increase the capital fund. $1,310,822; purchase or pavment of funded
debt or for expenditures for
property or investments as may later
be determined bv the board of directors, $2,675,911.
tlncludqs esti¬
debt
Long-term
$11,083,722
of
crease
on
redemption
for
$2,550,000 for
of
mate
fund
Sinking
poses;
31,
since
$2,168,500 is owned by
debt,
series
retroactive wage
1943
Dec.
of
31,
to
the
Of
1942.
$113,544,899,
total
long-term
the railroad, leaving a balance of $111,public.
purchase during the year, with the ap¬
376,399 outstanding in the hands of the
The
company
by
acquired
and authorization of the Interstate Commerce Commission,
3,802 additional shares of the capital stock of the Nashua and Lowell
RR. at $110 a share, in accordance with an offer of purchase com¬
municated to all of its stockholders.
With this additional stock, the
proval
7,551 shares of the total of 8.Q00 outstanding.
The acquisition of title to the physical properties and franchises of
the Nashua and Lowell in the near future is contemplated, in further¬
ance of a
program of reducing contract obligations and fixed charges
through the termination of leases and the direct ownership of leased
now
company
owns
lines.
'
.
■
Taxes-.'
v
■;
against 1943 income amount to $10,642,050,
for the year 1942. ' These taxes compare
094,752
as
,
'
follows:
*'
of
resources
Federal—
—_
State
compared with $9.with previous years
./'
$5,772,162
932,097
1942
,
$4,298,570
1,217,991
1940
$1,260,115
- 781,503
-
$137,050
698,580
Period End. Mar. 31—
Retail
sales
unempl—
:
Property
Miscellaneous
-
_T_—.—
Total
♦NOTE—Taxes
vidual
offset
of
States
tirement
/V ' -V
V* /
expenses
Net
produced approximately one-half of the total cellulose acetate
1943 it
products under the registered trade marks "Lumarith'.'
under other trade marks, and, to a lesser extent,
"Celluloid"
and
and
chemicals.
various
Over
of years there has been
period
a
qualities of Celanese yarns and a
corporation.
_
1942
1941
$
$
116,140,285
19,069,000
11,768,829
12,610,408
12.247,025
interest—
85,302,456
74,045,461
54,361,316
debt held by public
30,998,196
34,949,558
44,698,227
18,664,848
14,032,635
5,646,762
25,063,268
4,016,327
Other deductions—net
Net
Inter,
for
available
funded
on
Interest
on
66,608.341
86.655,869
revenue———
for pension reserve
.
Government
loans—_ —-
■.
surplus
Consolidated Balance
Assets—
/.
costs,
■
■
1942
1943
funds
lieu of mtged.
Deposits in
prop,
sold—
.
.
funds
Maintenance
affiliated companies——
in
Investments
investments
—
■-
——
/-
Cash-
deposits
Special
Bills
1,555,417
9,584
Material
$9,094,752
$5,239,208
$3,806,525
and
Interest'and
supolies—Jedver balances.—
receivable—
current
745,435
10,242,499
at that time.
debits
f*
.
engaged
is
Corporation
of chemicals
its
for
own
ut
an increasing extent
and for sale to/others.
to
use
in
the production
manufacturing and selling activities are
of the
Corporation and
conduct
turing activities, and make substantially all of
America.
Of the total consolidated sales for the
subsidiaries of the
corporation.
of their raw materials,
conducted by
its subs'dieries tibtain
all of their manufac¬
their sales, in North
1943 of the cor¬
year
subsidiaries, less than 13%. was to the largest cus¬
tomer, and less than 5% to the next largest customer.
poration
and
its
has
United
vnd°'-
uses
v
or
Purpose—Net
$4.75
net
Series,
common
engaged
in
the production of items for war
contracts designated as secret,
Government
proceeds from the sale of the first Dreferred sto^k,
$33,125,000 (exclusive of accrued dividends) and th«
be received from the sale of the common stock would
if subscription warrants were issued for all of the shares
covered bv the registration statement, making an
be $4,258,471.
of
also
States
restricted.
are
proceeds to
stock
$37,683,471.
After deducting $178,493 of estimaetd ex¬
penses. the aggregate net proceeds to be received by the corporation
are estimated
to be $37,504,978.
Of such net proceeds. $23,662,290 is
aggregate
of
anplied, concurrently with the issuance of the 350,000 shares of
stock, $4.75 Series, to the redemption of the presently
164,818 shares of 7%
cumulative Series prior pre'»r-ed
stock at $120 per share and 37,710 shares of 5%
cumulative Series
to
be
first
preferred
outstanding
7,808,224
18,114,935
20,117,599
19,894,312
prior preferred stock at $103 per share, plus accrued dividends in each
c<>se.
The balance of such net proceeds, In the estimated amount of
53,963,978
48,456,428
$13,842,688,
454,877
686,828
75,000
'
184,477
funds and
as
is
initially
to
become
part
such may be applied to any
Corporation
of the corporation's
corporate purposes.
general
intends to utilize an amount equal to such balance to¬
po'rtion of its future net earnings, and possibly also a
10,709,440
gether
37,361,320
17.436.847
—:—
10,858,067
13,207,533
portion of its present cash resources, to carry out an extensive program
for additional plant facilities, th* (""l""! scone of which has be«m d«>-
14,013,862
—.
.
with
upon,
Total
of ethyl
Prior to
—____
assets—i_:——
assets
Unadjusted
42,021,103
321,380
receivable
Other
Deferred
8,425,000
22,552,000
38,855,047
827,054
15,391.404
1941,
7,538,393
from
dividends
in September,
17,498,420
——
agents and conduc.
accounts receivable——
receiv.
7,145
4,667,712
;_—_//:
receivable
bal.
756,856
792,080
4,576,346
-
small increase
the plastics business of the corporation was conducted
by Celluloid Corp., a subsidiary which was merged into the corporation
confidential
and
Sinking
a
1941,
Sheet, Dec. 31
/
■
after
but,
cellulose acetate and cellulose nitrate.
Plastics
copolymer resin are also manufactured.
from
substantially all
equipment property.^-—______ $1,922,473,374 $1, 890,440.355
4,226.220
Improvements on leased property
2,981,300
66,145 762
Miscellaneous physical property—*.
66,163,602
Road
and fabrics,
selling prices have remained substantially at the level then established.
Plastics, and
related products are made by - the corporation prin¬
Corporation
Cash
widespread recognition of
reductions in
December.
324,475,670 288,998,675 237,768,437
_
a
rapid increase in the output of
Since the introduction of Celanese yarns
production' has contributed to decreased manufacturing costs,
selling prices have contributed to the opening of new
fields of use for Celanese yarns.
In the period immediately preceding
the outbreak of war. and during the war, there have been increases in
and
440,615,955 375,654,543 304,376,778
—
_____
Corporation also manufactures
produced in the United States.
cellulose and cf vinyl
35,639,412
operating
Revenue approp.
1,562,377
$5,247,744
an
Certain
1,589,587
15,972
Board.
'/<• (el
)■/ •'
$
revenues
1,535,589
14,313
.
U. S. Government ■;obligations, and total current lia¬
after eliminating tax liabilities which have been
equivalent amount of U. S. Treasury tax notes.
[Digest
report given in V. 159, p. 1036.]
cash and
of
and sells plastic
2,956,216
3,253,669
'
1943,
and net income of $6,275,593 after all charges
increased
1943
Calendar Years—
Miscellaneous
1939.
Effective July 1, 1939, assess¬
placed in the. jurisdiction of the Railroad Re-_
share in the ratio of one share for each 10
Subscription warrants expire April 25.
and $7,098,511 in 1942.
The consolidated balance sheet at the
showed total current assets of $43,786,793, including 025,-
by
yarns
$11,280,997 $10,305,379 $27,980,290 $27,738,790
.
Operating
1,405,894
prior to- June 30,
(no par) common stock being offered to hold¬
common
stock of record April 12, at
to $94,584,909
annual
in
1944—3 Mos.—1943
1,054/744
the activities of the
Business—Corporation, which was incorp. Delaware Jan. 5, 1918, is
engaged principally in the manufacture and sale of cellulose acetate
yarns
and fabrics containing such yarns under the registered trade
mark "Celanese" and other trade marks.
Corporation estimates that
$9,250,635 $24,726,621 $24,782,571
$10,091,7ia
/'•
•
1943
cipally
1,628,067
indi¬
broad expansion of
a
the
Canadian National Ry ,—Earnings—
1,974,632
under the Social Security Act were assessed-by
ment of" these taxes was
/„_
159, p. 1347,
2.387,899
'
of
bilities
1443.
1944—Month—1943
'
'
and
manufacturing
*~V.
sales
Rents
.
______
.
'
director to succeed the late
a
Corp. of America—Stocks Offered—In con¬
per
145,992
/.'V /^-V
1,189,278
$10,642,060
&
elected
Celanese
748,427
director of the Brooklyn Union Gas Co.
sales
Combined
Net
.
$1,904,056
including Federal income and excess profits taxes, compared with $86,-
] Butler Brothers, Chicago—March Sales—
Other
1941
Security —RR.
retire
a
of
end
has
'
1943
♦Social
■
State and local taxes paid or to be paid by the road charge¬
Federal.
able
\t
.
•
*
1,342,279
$323,660
'';\V
with
amounted
de¬
a
$3,246,335
224;525
requirements-
the
Operating
increases..^
1943, amounted
Dec.
RR
$548,185
223,639
363,328
Earnings—Net sales of corporation for the year ended Dec. 31,
charges
with
1,243,583
74,425
shares held.
the shareholders.
of
agreements.—V. 159, p.
Wholesale
fixed
after
Income
889,426
217,225
tax__
'•
$31.50
3,167,222
"IT";
143,052
345,704
dis¬
Greenway has been
622 shares
ers
above that for the same month last year.
wage
148*529
debt
1
the redemption of all presently out¬
standing prior prefered stock, Dillon, Read & Co., Mor¬
gan Stanley & Co. and associates on April 13, 1944 of¬
fered 350,000 shares (no par) first preferred stock, $4.75
series, at $99 per share.
The investment bankers also have underwritten 139,-
Earnings for the first two months of this year, Mr. Paige disclosed,
equal to 54 cents a capital share, against 53 cents a share in
1943 period.
The volume of gas sold during March was approxi¬
1944,
of
profits
corporation
Pfizer & Co.,
He is
plso a trustee of the American Surety Co. of New York, the Brooklyn
Trust Co. and the Union Dime Savings Bank.
Mr. Anderson fills the
vacancy
created by the resignation of William de Krafft.—V. 159,
1,-161(622
3,045,571
——_
$5,742,672
surtax..
dividend
nection
bonds and the dividend outlook for the capital stock,
Inc., has been-elected
$13,322,248 $17,514,700
—__/_—
payments
and
Celanese
Dividend—
Co.—Studies Refinancing—
Union Gas
New Director—- ''''—",/;:/'
> 1,692,912
--1,444,889
——
89,718
$987,887
income
1444.
p.
the
$11,877,358 $15.821,788
1
—
income
Rental
income
excess
V
f
-
...
-George A. Anderson, President and director of Charles
]
210,918
7,717
George Otis Smith.
Mr. Greenway is agent of the Anderson Mills in
Skowhegan, Me., and the Kennebec Mills in Fairfield, Me., having been
associated with the American Woolen Co.
for many years.—V.
159,
per
importance in
the
mately 10%
Railway operating
Equip. & joint facility rents
1,917,014
26,135
—
New Director—
were
$25,759,523 $28,296,631
Net revenue, from operatiqns___—_
Railway tax accruals—/
1
,,.
amort,
expense
Thomas E.
placed the company in the
best financial position it has enjoyed for
years," Mr. Paige added,
"and'properties have been maintained in the best possible condition."
"Careful
1942 "... .57
vv:
321,732
expense-
Balance
Paige,:. Chairman;.- informed
be-in
$1,343,471
27,383
$320,016
of
and
income
Preferred
r
Calendar
,
revenues
Operating
Account
Income
E.
.$1,399,878
$543,655
and
deductions
Federal
stockholders at their annual
meeting April 6.
He said that possibilities for refunding the com¬
pany's bonds are being studied, but that details are not yet available.
"The financial position of the company has been strengthened con¬
stantly and the management is now concerned with marketing new
bonds on the soundest basis possible," Mr. Paige said.
He added that
no one could
predict what the future dividend policy of the directors
might be, but that a successful refunding of the outstanding debt
Clifford
121,111
$7.9:0,322
16,380
______
14,044
changes, net
Federal
Net
of. the company's
'
•
current
$7,839,211
'
.
of
Brooklyn
Of
,//
s i
The stockholders on April 11 approved the issuance of 100,000 shares
of new
preferred stock.
Following the meeting of stockholders the
directors agreed that 60,000 shares of the new stock should be classi¬
fied as 4 V2#
preferred stock, convertible into common stock at 42,
bnd redeemable at 110'/a for the first three years and thereafter at
/;•/;
■
$1,329,427
318,227
net—.p—
income
count
ever
surance
inventories.
$1,381,596
18,282
$1,037,888
income,
of debt disct.
Acceleration
a
share has been declared on the common
..stock, par $25* payable April 15 to holders of record April 7.
A similar
distribution was made on Jan. 15, last.
Payments last year were as
follows:
Jan. 15, 13 cents; April 15, 12 cents; July 15, 13 cents; and
Oct. 15, 12 cents.—V. 159, p. 210. ;
Of
income.
$2,884,380 $16,911,097
1,554,953
9,071,886
small number which seem to possess
a
Brockton Gas Light Co.—15-Cent
use
12 Mos. End.
Feb. 28, '43 Feb. 29, '44
■
has discussed
management
dividend
Statement—
$2,950,866
1,569,269
—
Miscellaneous
plan for
since
have con¬
Many have been discarded until the
12 that
has been under consideration
arranged in 1940.
The directors
/,'•
A
Co.—Income
revenues
interest
Amort,
reorganization with the two largest
and the Pennroad Corp;
—but no plan has been approved as yet, Mr. French said.
Replying to a stockholder he added that he was unable to say
whether a. recapitalization plan would be put through this year.
He
pointed to the complicated capital structure with 15 different classes
of stock
outstanding.
Substantially 100%
approval of stockholders
is necessary, he said.
"
•
As to debt retirement, Mr. French said that by the end of 1943 the
company had retired nearly $16,000,000 of bonds.
More bonds have
been purchased so far this year.—V. 159; p. 1443.
■
dividend
1
April
stockholders
told
80 different
or
■
Feb. 29, '44
operating
Gross
railroads,
stockholders—the Boston Railroad Holding Co.
'V Beverly Gas & Electric Co.—40-Cent Dividend—
stock, par $25, payable April 15
V
company
structure
70
$2,222,359
159, p. 1144.' "
289,078,646
other
feasibility.
some
.
A
debt
total has been
in order to avoid shipping delays.—V
parts on hand
the
2,246,676
$2,143,841
power,
Balance
President,
French,
sidered
836.
p.
S.
$4,469,035
operating, maint. & taxes
2,047,094
2 Mos. Ended
Recapitalize—
recapitalizing
:
Feb. 28, '43
$4,190,934
Period—
tlncludes estimate of $2,550,000 for
December, 1943, and January,
/'V':",,;.
agreements.
due
$2,870,089
Fob. 29, '44
Central Maine Power
under
increases
wage
of
balance
net
delayed ticket reports,
wage
To
will be completely
branch
the
1944,
manu¬
•/
estimated
of
$5,278,000
—^—Li-
earnings
65,802
295,662,414
•
,
Ltd.—Earnings-
••
Net earnings
-V.
1543
$5,794,000
t_
./'.•
1443,
p.
Purchased
24,052,853
23,274,294
37,830,684
25,330,202
598,088
598,088
__„I?rl4,308,614Drl3,464,673
—
—
___——
retroactive
satisfactory
area.
addition
In
aircraft
and navigational devices
performance of Bendix's communication
the
with
the Paqjfic Coast in an
the armed services on
airlines and
facturers,
field
branch
new
1913
$2,164,244,967
1944
earnings
159,
Canada Northern Power Corp.,
617,349
•
surplus
account
7,805,191
81,994,329
694,728,014
$2,236,740,108
;
12 Months Ended—
256,519
surplus
♦Includes
is-
Moon,
30,288,333
116,129,564
Week Ended April 7—
5,959,218
accrued——————
Total
being established in North Hollywood, Calif., by the corporation's Radio
Division, W. P. Hilliard, General Manager, announced today.
3,470,454
732,295,435
reserves
Canada—Proprietor's Equity
Non-operating
Bendix Aviation
•
2,516,299
6,842,541
u
and
403,347
4,261,958
liabilities—
credits
of
6,656i933
204,178
2,074,441
accrued.—1,709,303
Appropriated surplus
Unearned
accrued
159, p. 1348.
Traffic
shares)
(388,179
liabilities
Deferred
7,018,836
—
—
Canadian Pacific Railway—Traffic Earnings—
•
liability—
—8,418,075
liabilities——:
36,852
tax
current
Other
1142.
p.
stock
interest
Accrued
$2,634,778
725,550
income-
oper.
income
■
39,505,100
39,505,100
3,149,800 .* 3,149,800
—L.
(31,498 shares)———
Unmatured
10,254.057
" 2,683,671
1
Net
shares)--
(395,051
stock
Unmatured
$7,628,269 $16,901,105 $15,572,506
4,338,901
6,480,976
accrued
Total
,
16,001
13,083^237
5,093,371
7,279,233
liabilities
Unadjusted
Dominion
38,817,900 38,817,900
Prior preference stock
;
23,138,500
23,138,500
Premiums
on
capital stock—.
4,227,040
4,227,040
Stock
liability for conversion—
1,400
1,400
Long-term debt
:
113,544,900 124,628,622
Traffic & car service bals.—net payable——
*6,426,526
6,033,051
Audited accounts and wages payable—.,—_____, +5,564,837
! 2,792,341
Miscellaneous accounts,, payable.—579,061
527,261
Interest matured unpaid—_______
1,494,569
1,533,533
Dividends matured
unpaid
.
12,859
12,859
1944—2 Mos.—1943
4,052
>'['
stock
First .preferred
$7,632,321 $16,917,106 $15,582,388
7,384
rev._
Operating
—V.
4,834,962
8,820,309
13,445,282
liability
current
Deferred
11,319,879
payable——
295,662,414 289,078,646
..'Liabilities—
Preferred
//
•
rents
Other
10,274
-2,490,275
3,599,083
___
___
Common
a
Bell
ii
debits
interest
tax
balances—credit—
wages
payable—
unpaid-
matured
Accrued
113,000
23,545
2,464,324
and
$4 564 600
809,216'074
519,628^441
'554,096,746
.
accounts
Unmatured
87,741
113,000
______
car-service
accounts
Unmatured
—V.
for
business such as Soft-Lite, which deals in a specialty of a
luxury or near-luxury character, the right to select its customers may
well be the most essential factor in maintenance of the highest stand¬
ards of service," the court said.—V. 153, p. 2.
"In
309,937
_
assets
Unadjusted
judicial enforcement and therefore improper."
;
receivable—
—____—
assets-.--,——
$4,770,140
744,232,473
—__L
Canada.——
and
Interest
illegal distribution
The
The
receivable
current
4,728,956
___
dividends
and
Rents
receivable
of
Miscellaneous
2,168,889
5,580,274
4,435,423
2,257,263
6,773,799
supplies
Traffic
208
•
agents & conductors
accounts
and
Interest
Regarding provision of decree requiring reports to the Justice Depart¬
ment, the Court said that while there is nothing in Federal law "which
constitution
from
receiv.
Material
customers."
_
bills
Miscellaneous,
I
•Audited
681,719
4,040,000
804,134
609,516
4,133,000
2,420,656 :
transit—agents'-remittances——.—
Loans
The
purchaser.
a
in
Dominion
etc.___——_,r—
Temporary cash
Special deposits
,
power
equip.,
Cash
not project its power over the prices of its wholesale customers
by agreement.
A distributor
of
a
trade-marksd
article
may
not
lawfully limit by agreement, express or implied, the price at which
or
the
persons to
whom its purchasers may resell, except as the
seller moves along the route which is marked by the Miller-Tydings
Act.
Even the additional protection of a copyright adds nothing to a
may
distributor's
road,
Long term debt—
$.
$
255,618,558 253,193,646
—12,610,775
10,638,101
-
,
is the distributor of an unpatented article,
it sells to
wholesalers at prices satisfactory to itself.
Beyond that point it
Cap. stocks of sub. cos. held by public
1942
1943
...
"Soft-Lite
,
Liabilities
Sheet, Dec. 31
Assets—
•
.
1549
1—j———$2,236^40,-108 $2,164,244,967
out.*
.
a
but the details of
which have not yet been fully worked
•
'
1st
covered
*
3p, 000
Conv.
3,000
1,000
&
E.
&
Clark
W.
&
Co
300
4.400
4,000
1,600
owns
1,200
M.
Dain
S.
Dickson
Drexel
&
Co.
Equitable
Estabrook
&
First
cf
Boston
Nolan
5,500
2,200
3,500
1,400
2,500
1,000
for the above men¬
tioned
large blocks of stock, the trustees believe that in order to
ultimately realize the maximum benefit from such holdings for the
creditors of the debtor corporation, it is to their best interest that a
continuation of the debtor's business should be made effective under
1,000
5 600
1,000
400
750
300
—
——
Corp...
___■
•_
750
Inc
—
2,000
11,000
4,400
3,000
2,000
1.200
—
E.
Illinois
&
of
Co.
750.
Chicago
**—*:/ %
Johnston,
Lemon &
D.
Kebbon, McCormick & Co
"
300
,
—3QQ._
:
750
1,750
300
700
/:
Kidder, Peabody & Co
W. C, Langley & Co.——
9,000
3,600
9,000
3,600
Lee Higginson Corp.—__
5,500
2,200
Brothers
Lehman
Carl
M.
A.
E.
&
Marks
M.
&
Masten
3,000
McDonald-Coolidge
1,000
&
Co
Merrill
Lynch, Pierce, Fenner & Beane
Merrill,
Turben
&
Milwaukee
700
due
Leonard
F.
S.
W.
&
750
750
Cook &
Ohio
OtiS
&
Co
400
1,000
Co
1,000
_
CO
.<
400
1.000
;
___
400
3,000
1,200
5,000
2.000
750
Webber, Jackson & Curtis
Parrish
&
Co.—
;
—————
Piper, Jaffray & Hopwocd..——
Putnam
&
Co
Rauscher,
&
&
Rollins & Sons,
L.
Rothschild
F.
Salomon
Bros.
Schoellkopf,
&
Shields
I.
&
Deane
Smith.
Jr.
750
&
Co.—
The
and
Stern
8c
Boyce
Brothers
<fe
Stroud
Swiss
&
1,000
Co.,
Inc.-
American
Corp._
Spencer
Trask
Tucker.
Anthony
&
Union
Securities
G.
Walker
H.
White.
Weld
;
Dean
Witter
and
800
2,000
2,000
800
his
Inc
____
Co
of
which,
and
Kent
Feb.
on
26.
:
Overton
D.
1942, filed in
Dennis,
;
trustees
the U. S.
the
Feb.
17,
1944,
the
property
of
corporation,
of
the
at
consisted
of
General
The
Cities
Power
Ridgp Corp..
Edison
Co..
&
Lfcht
common
capital
American
Co.,
the
Market
value
Miscellaneous
Feb.
stock
2,044,547 shs.
o 356 648 shs
common
common
Pacific Gas & Electric Co.,
class B
~~
,1
stock———
Shareholdings Corp.,
North
Co.,
stock—
common
stock
stock
'
'
4^20 shs'
97,523 shs!
66 521 shs.
"II
stock,
1,995
securities
and
shs!
$10,260,289
cash*-*
assets*.—
**—*
;
{
,
respect
Vermont
Garner,
at
the
for
move
the
to
159,
the debtor.—V.
assets of
Manager—
Ry., Inc.—New General
Acting
General
and
director
a
and Chief Engineer, has
Manager.—V. 159, pp. 1348,
Manager
General
in Baltimore" City "tMd.)
Henderson,
annual
.
Circuit Court
meeting scheduled for April
rescinding
a
after
junction
filing
the order and for dissolution of the
to the complaint and on giving
of
answer
an
plaintiffs five days' notice of such action.—V.
in¬
the
159, p. 1348.
Chesapeake & Ohio Ry.—ICC Rejects Request for Re¬
V
The
of
the
to
issue
$76,573,700
to
Commission
Commerce
12
petition
the
its application
1943) as a stock
the basis of one-tenth share
holders
of
Commission's
stock
preference
of
stock
common
of
(series
on
share held.
preference for each common
The
April
denied
for reconsideration and reargument of
company
dividend
Of
Stock Dividend Issue—
on
Interstate
V
;
denied on Dec. 14
Four, Finance Division,
Division
that the railway would have inade¬
quate surplus left after distribution of the dividend.
In asking for rehearing before the full Commission the C. & O. said
the
C.
that
O.'s
&
cost
saying
application,
the division
adopted
procedure unprecedented in stock dividend
a
by relying on estimates of original costs and depreciation original
that it had not been necessary to touch surplus account
cases
data,
-te-make up-npnrating
would
company
deficits for
have
year
any
surplus balance of
a
since 1890, and that the
$93,000,000* alter the pro¬
posed distribution.
Calling attention to current plans for consolidating the Nickel
Pere
said
the
an
consolidattion
a
preference stock was necessary for making
acceptable medium for exchange of securities
of
issuance
Plate,
Erie with the C. & O., the rail¬
Marquette and Wheeling & Lake
way
under
Steel
Orders
plan.-
Rails—
' \
orders for about 4,500 tons of steel rails
Carnegie-Illinois Steel Corp., a subsidiary of the United States
Steel Corp., and 2,835 tons With the Inland Steel Co.—V. 159, p. 1444.
The
has
company
placed
with the
Chesapeake Corp. of Virginia—20-Cent Dividend—
dividend
A
of
stock, par $5,
distribution
Feb.
follows:
20
20
cents
made
15,
cents.—V.
on
May
159,
to holders of
15
Feb.
15,
last.
Aug.
and
15
on the common
record May 5.
A similar
in 1943 were as
cents each; and Nov. 15",
share has been declared
per
payable May
was
16,
Payments
15
348.
p.
Chesebrough Manufacturing Co., Consolidated—Earns.
be paid
or
holder
of
the
prior
creditor
the
not
of
50%
of
figure
indicated
small
thereof
of
of
Total
is
Amer.
to
Canadian
for
corporation
and
each
to
such
date
receive
shall
for
as
the
-
be
interest
in
lieu
of
such
showing
of
a
fractional
debts shall be
the
distribution
Aggregate
of
share
of
modified
the
stock
Trust
opt.
Miscell.
tax
J
Total
Sheet,
Dec.
Par Value
$6.95
31*
1942
1943
$786,830
$493,661
U.
S.
835,234
on
basis
cost
of
tax notes
—
1,642.289
1,500,000
______
732,008
1,515,472
_*i_lL_*_**_____x_—___**
securities
Treasury
320.000
'.J
receivable
Notes
Inventories
1,500
911,563
2,902,075
2,898,764
254,054
254,054
193,843
49,771
20,609
$10,074,513
$8,863,081
$323,340
1,580,765
$159,951
market____
or
(net)——
Investments—Oil
in
■■
1,245,582
925,157
of cost
lower
1,434,921
20,097
the
at
assets
producing and
other cos.____
capital stock of British sub.:
of excess profits tax
refund
113
Redemption of preferred stock deposit account-
$12,027,491
1,202,749
Liabilities—
.$6,013,745
Accounts
6,349,000
634,900
107,030
10,703
53,515
24,350
2,435
12,175
:*.
_
Res.
&
indenture
1,741
Trust
174
870
279
27
135
Co.:
services
486
etc.
services
as
48
240
companies,
54
.
refund
services
claimants
for
Reserve for
Reserve
for
3,000,000
$2,437,131
2,471.043
600.000
_*
600.000
and other
etc.
annuities.
bad
L__
10,000
10,000
360,000
1,763,043
1,433,212
$10,074,513
$8,863,081
debts
equalization
Surplus
of
dividends
;
Total
**_*,
—
—
—
"After
5
25
1,000
Co.:
*
221
3,000,000
113
$25)
360.000
deducting
depreciation
of
—
$1,225,460
in
1943
and
$1,193,937
i£ 1942.—V. 159, p. 348.
stock
_
&
/
as
:__
_
i par
828,536
234
~*
Co.:
trustee,
Bank:
foreign inc. & exc. prof. tax.
—
against invest, in oil producing
Reserve
Corp;:
agent
stock
Common
3,174,500
debentures
Light
and
S.
credits
Redemption of preferred stock.**——
$6,300,000
;
trustee..
payable
Deferred
debenture in¬
&
1
Accrued U.
5 Va %
conv.
tranfer
Niven
660,000
$7.81
.■
receivable
Accounts
Marketable
$11,737,000
49,000
Power
registrar
$834,114
660,000
paid—
Assets—
•
Irving
$938,084
taxes
Deferred charges
debent.,
National
indenture
Cr49,771
profit
Post-war
of Stock Issuable
Shares
Claims
290,491
coupons
as
Net
Dividends
rep¬
1948:
coupons
services
46,046
Crl44,158
profits
Earnings per common share.__.-__*.
Total
Central Hanover bank
Chase
86,618
profits tax
excess
excess
Balance
debt
coupons or claims held by
him, one
corporation (par $5) for each $10 of
the highest multiple of $10, and the
thus provided for by stock shall be paid
holders
455.000
—
of
follows:
total
35.196
342,786
share
shall
and
unpaid
59,753
335,741
tax-._*__^__^__*_^*_*_*
and
income
refund
Post-war
$1,663,371
1,167,484
_„**I*„-*_—
profits tax
excess
279,445
$2,443,522
_*_*_—****ii****i__
income
States
Investment
amount-*—
as
$1,383,926
charges
States
United
(which
vote
one
is
schedule
a
interest
Cities
$2,242,370
201,152
profit
United
1954:
convertible
interest
$4,126,321
2,742,395
operations
Miscellaneous
cash
"Fixed
amount—
Unpresented
$6,088,105
3,845,735
Sundry income
(1)
are:
amount
directors)
the
debentures
thereof
the
interest
Principal
,
oper. after cost of sales
;_*i
advertising & gen. expenses___*
debent.
due
Accrued
1942
1943
on
from
Profit
new
a
new
which
debt
rights
5V2%
series due
profit
"Sell., admin.,
taxes
due
past
Gross
Dec. 31
Ended
Statement, Years
,'
v:-;
creditors will
Income
.:
company:
auditor,
$241,256
$10,501,545
and
no
837.
100
500
as
71
7
35
Chicago
$18,511,502
1,851,148
$9,255,740
Rock
Island
&
Pacific
Railway—Abandon¬
ment—
Upon
that
Total
class (6): Since it is
provision is made for the
(5)
debentures,
debt
following
Touche,
17, 1944—
class
insolvent,
April 11 enjoined the scheduled election of directors of this corpo¬
to
accordingly.
new
services
American
Blue
of
arising
or
rate
the
altered
terest
debtor
(4),
is
12.
The Court also
enjoined both the management and Rawson G. Lizars and his associT
ates from seeking more proxies until further order of the Court, which
will set a time and place for the election of directors.
Mr. Lizars had led a proxy fight against the management.
The in¬
junction was obtained on a complaint filed by the corporation, Hector
J. Dowd, its President, and others.
The Court reserved for Mr. Lizars and his co-defendants the right
corporktion which shall be fully paid
books
holders
in
such
Unpresented 5%
folowmg:
Detroit
the
stock
his
Accrued
%
District Court at Richmond,
the
assets of
.
class
with
Judge William L.
on
of
/1
form
relatively
election
the
the
on
the
of
and
Optional
,
of
on
"general
as
general
as
preferred or common stock and it will not be neces¬
their approval to this plan since' such holders have
appointed
ration
•
new
to*
as
the
at
the
Arising Prior to Bankruptcy
Property of the Debtor
of
stock
Creditors and otherClaims
Va., its petition for reorganization under Chapter X of the Bankruptcy
Act of
1938, as amended, have prepared and propose the following
plan of reorganization.
As
is proposed to
entitle the
claims
all
the
Principal
Cloyd
the
of
holders
by
series
*
the
treated
are
debtor
C. & O. common stock
,
Aggregate Shares
Central States Electric Corp.—Trustees' Plan of Reor¬
J.
It
such
shall
name
having
of
the
—V. 159, p. 1443.
ganization—
to the other creditors
any
/thereon to the date of bankruptcy and the miscellaneous
such
The
600
5.000
state
2,200
2,000
(3):
of
stock
among
due
cash
in
2,200
1,500
5,500
Co.
&
5,500
Co._
in
remainder
2.000
Co.
value
par
part
stock,
Whiting, Weeks & Stubbs,
Wisconsin
that
1,000
5,000
Corp
&
&
Each
i
share
300
2,500
Co
other
any
such claims for current
any
class
cumulative
resented
400
750
Co
&
""
400
1,000
___
be
creditors
-
400.
-
would be out
insolvency
Certain-teed Products Corp.-—Election Stayed—
;
•
400
1,000
the
.
in
common
coupons
300
1,000
*_
Co
&
Co
no
Stockholders
>
and class (2): These
(1)
should
.
distributed
400
750
;
class
non-assessable
shall
"
Bros.
in
the
secure
G.
932,
,
to
Modifying the Rights of Creditors
or
marketability;
standing
300
1,000
of
resulting
part of the trustees.
due prior to these proceedings
coupons
considered
equity or claim
been
.
and
and (2)
required to effectuate the plan.
4,000
—
*
full
the
fixing
300
750
,
in
Creditors
greater
;z
300
750
Co
;
,
3,600
11,000
;
.
the Debtor
respect
corporation
in Virginia, or amend the charter of the debtor corporation under the
authority of the Court, with an authorized capital of 2,000,000 shares
of common capital stock (par $5), total $10,000,000.
The reasons for
400
1,000
;
B.
4PO
9,000
*_*—„—
Co
8c
600
"
cash
be proved.
400
•*_,
Seribner
&
Moore
Starkweather
Stein
The
2,000
Co._
Barney
Stix
2,200
:
Co
&
Singer,
Smith.
,
1,000
Inc
—'
Altering
of
Creditors
A.
;
1,000
Pomeroy,
Company*
Simon
M.
&
the
which
debenture-
cf whom are either
United States), such
1247.
R.
current
delinquent income taxes being
with
America,
—i"and
in
400
300
1.500
Hutzler
Stringfellow—
&
S
5,000
Inc.——
Co.
&
<&
Hutton
Schwabacher
Scott
200
750
Co..,
unpaid
Consolidated
5,500
&
E.
,
f
Stockholders of
and
of
the debtor,
against
Provision
1,000
Co.———
Riter
H.
Inc.—__*——*—_*•'
Co.,
Gardner——————————
&
300
750
forces
benefit
on
to each
as
,
300
750
—
Pierce
Reinholdt
Reynolds
750:
taxes
State#
The
(2)
300
'
Pain°.
'
;
700
■
1,750
H. Newbold's Son & Co
Newhard.
The
1,200
3,000
.
& Co.—
Murch
'/
300
V
and Blue Ridge
Corp.
political sub¬
division
with respect to any current claims for taxes against the
debtor, no delinquent income taxes being due as presently advised.
!: (3)
The holders of the above mentioned debentures and interest
coupons, and the holders of general claims,
(4) The holders of the 7% preferred stock, issue of 1912 (par $100),
68 ,800 shares.
■■■"■■%:!.■
(5)' (i) The holders of the preferred stock, 6% series (par $100),
94,840 shares; (ii) the holders of the convertible preferred stock,
optional dividend series
(par $100),
15,313 shares;
and
(iii) the
holders of the convertible preferred stock, optional series of 1929 (par
$100), 31, 661 shares; and
(6) The holders of the common stock (par $1), 10,105,023 shares.
300
Lynch
Moseley & Co
Maynard H.
700
in hold¬
procedure,
the present blocks of stock
.
presently advised. ■
State of Virginia
as
.
1,400
Co.*-i__*,*-*-**———**.':
Mitchum, Tully &
Moore.
1,750
——__*.
Lignt
&
Power
United
for
claims
4,000
10,000
—
3,500
Co.—
Co.—*„_
this
from
corporation
of Creditors
Classes
.
The
Cities
1
The
(1)
400
1,750
■
anticipated
features
the proposed
corporation.
1,200
of
hearing
•
together in
coo
1,500 %
___,
Co
Co
no
poration the power to force the Directors of such corporation to Wind'
up its affairs at any time after two years from
the date of its in¬
4,600
11,500
——
Loeb, Rhoades 8c Co
Laurence
that
to
sary
debtor
the
of
poration- hr the form of an--mvestmeni-comnanv—.whose life would be
without limit, would probably result in a freezing of the assets now
in the trust and
would be undesirable.
It' is therefore proposed to
vest in the holders of 25%
in interest of the stock of the new cor¬
300
750
*
——
___—
-
750
b-Vvv.
Co
Co.—„—
Jones &
v._
t,i
1,200
3,000
—.
*
Jannev & Co
Edward
2,000
5,000
Co.
800
the slight
debentures
funds
Stockholders
holders
the stock of which
creditors
the
among
take
advantageous,'.to
most
may/appear
claims of the debtor and
distributed
be
Corp, are:
(1) enabling those interested in the debtor corporation to better protect
and supervise their large interest in
said last named corporations,
and
(2)
the further consideration
that these blocks of stock thus
held would facilitate possible mergers or consolidations such
as the
contemplated merger of American Cities Power & Light Corp. and
Biue Ridge Corp., or the voting for a dissolution or winding up of
the affairs of the corporations last above named whenever such action
is believed or beneficial by its stockholders,
•
On the other hand, it is recognized that a perpetuation of a cor¬
2.200
5,500
Weeks—*—
&
Huttcn
I'-:';
will
American
in
800
2,000
procedure
the assets and
of
constructive
The
800
Ripley & Co., Inc
& Co. (Inc.)
whichever
all
over
corporation
corporation.
ing
the boards
-
realizing fair values
the difficulty of
plan now proposed, under which a new corporation will be organ¬
or the charter of the debtor amended under the authority of the
court,
3,600
Hall
Hornblower
the
ized,
300
9,000
Hayden, Miller & Co
•
Hayden, Stone & Co U*_—__,.*_*.*—*t**~:i* *% •
Hemphill, Noyes & Co.—**____—:
W.
^
j____*—____
Graham, Parsons & Co
Harris.
400
14,000
;
Goldman, Sachs & Co
Harriman
300
thereof.
of
Because
600
750
,
600
1,500
——
Corp.„_,
Co.,
&
holdings in the stocks of these corpora¬
Incident to such large
the trustees have placed a majority representation on
_
armed
prove
and manv
Cities Power &
tions,
Corp.——
Cleveland
Michigan
Folger,
of the class B stock of American
—
Chapman & Co
Field. Richards & Co
First
The estate of the debtor
their possession/
into
came
70.4%
directly
of directors
Farwell.
The
which
cash
Corp.
*
the
to
unknown,
are
knowledege of the debtor's
to
of
of
Central
300
1,500
in
or
holders
issues
apparent
corporation was, prior to the filing of its petition for
a
registered investment company, and the trustees
continued to hold, with certain minor variations, the securities
1,400
—
whom
of
debtor
of the common stock of Blue Ridge Corp., and
American
Cities Power & Light Corp. owns directly 43.3%
of the
common stock of Blue Ridge Corp.;
thus, directly and indirectly, the
estate of the debtor controls 74.7% of the common stock of Blue Ridge
300
insolvent, however, the complica¬
was
effort
of a
1,000
—
debtor
trustees'
creditors" and the
the debtor because,
in the opinion of the trustees and their counsel, the deposit of these
funds with the paying agents did not create a "trust fund" for the
benefit of such holders.
'
:
>
p.
750
Co
Fahey, Clark & Co
The
the stockholders of the debtor cor¬
2,500
—
—
—
The
C.
3,500
Inc
Co..
Dillon & Co
Securities Corp
Eastman,
have
and
400
——
&
Dominick—
&
750
(many
undisbursed
————
& Co.
J.
The
400
1,000
the
the
such successful effort
both
reorganization,
1,000
—
from
proportion
from
Light Corp. and 31.4%
....
—-——-—
—
R.
Dominick
First
.
<
arise
all
Required
Operation of Debtor's Business and Desirability
Reorganization Thereof
300
—
Co
House & Co
Curtiss,
300
1,200
—
that
debenture-holder's
of
is
plan of reorganization by
any
750
.
1,137,756
2,352,412
poration should not be required.
1,000
Republic Co., Inc
Central
Courts
of
V
3,000
.———*_
believe
•
it
foregoing
3,000
& Sons.*—***———*——
Brown
7,046,612
apparent that the debtor corporation Is
Insolvent, in that the aggregate value of its property is not at a fair
valuation sufficient in amount to pay its debts, and the acceptance
the
From
2,000
—
& Co., Inc
Blyth
$5,963,813
by Stockholders Should Not be
Acceptance of Plan
/
400
—
—
William Blair & Co.„
Alex.
400
preference," because the debenture-holder receiv¬
had, or should have had, at the time reasonable
payment
to
non-residents
"Dividends
unpaid.
and
"voidable
a
the
cause
holder
$31,166,423 $16,500,593
—
———
"Accumulated
11,000
Inc
Co..
400
1,000
——
Inc
G. Becker & Co.,
A.
Blair
300
750
Ball, Coons & Co._
Bear, Stearns & Co
pfd. optional series of 1929 (par $100)—
stock (par $1)——
—
——
Total
1.200
750
opinion of the trustees and their counsel that such payment con¬
ing
would
$6,880,000
9,484,000
1,531,300
3,166,100
10,105,023
Common
of
6,800
the
1944
17,
pfd., stock optional div. series (par $100)
11,311
17,000
$11,825
sum
Preferred Stock Dividends
of Feb.
as
(par $100)
—
series (par $100)——
6'fo
Preferred stock,
11,811
30,000
Read & Co
Morgan Stanley & Co.———*—*—
Glore, Forgan & Co.——
'—-———
A. C. Allyn and Co., Inc._
*
Bacon, Whipple & Co.,
Baker, Watts & Co
——
Baker. Weeks & Harden
——
Debtor
Conv.
Common
Preferred
Name
Dillon,
the payment on Jan, 1, 1942, of interest amounting to
the 5% convertible debentures, series due 1948 (of which
remains in the hands of the paying agent and will
probably be recovered as a general asset of the estate).
While it is
$157,500 on
131,380
60
53
Par Value
follows:
Shares
of
Arrears
preferred stock
cover
tions, adjustments, expense and delay in ultimate reorganization
Outstanding Stock and Cumulative
7%
since the assets of the debtor corporation
the principal of the debtor's obligations.
ignored
to
adjustment is proposed with respect to the "voidable preference"
arising out of
1,565,422
.
in
is
petition
not sufficient
No
11,737,000
—
$7,735.
value),
Underwriting—The names of the principal underwxiters of the first
preferred stock, $4.75 Series, and of not exceeding 139,622 shares of
common
stock being offered to holders of outstanding common stock
and the n-mber of shares of preferred stock and the maximum number
of shares of common stock severally to be purchased by each, are as
Shares of
the
are
stituted
preferred stock (500,000 shares, no par
of first
671,125
$20,405,041
According to the records, there is claimed by other known creditors
Total
April 12 approved an
creating the new class
meeting
annual
the
certificate of incorporation
the
to
Of
$6,300,000
series due 1948——:
—
Jan. 1, 1942-Feb. 17, 1944——
Optional 5Va % debentures, series 1954—*——
—Accrued interest thereon, Sept. 15, 1941-Feb. 17, 1944
Interest coupons due prior to bankruptcy, not presented for
payment
—.
——
*—
Federal employees' withholding and social security taxes—*
State of Virginia, personal property tax, 1944—*
*_,
at
Note—Shareholders
amendment
only as they existed on the date of the filing of the petion for reor¬
ganization, that is to say, accrued interest from the date'of the filing
of the
the debtor consisted
of
foregoing schedule the rights of debenture owners are treated
In the
to Creditors
the Debtor
*
the registration statement.
by
of
the liabilities
1944,
5% convertible debentures,
Accrued Interest thereon,
500,000 shs.
350.000 shs.
7% 2nd pref. stock (par $100)-*-—
148,179 shs.
SuS'
Common stock (no par)—————
1,750,000 shs.
1,535,83J shs.
"A stock dividend at the rate of one share for each 70 shares held
was paid
March 31, 1944 to holders of outstanding common stocky oi
the corporation.
The above figure of 1,535,839 shares includes 19,o66
shares issued in payment of such stock dividend and the 139,622 shares
Series
$4 75
17,
following items:
$34,289,000
due July 1, 1962— $35,000,000
debentures,
pref. stock, cum. (no par)——
Feb,
of
As
Outstanding
Authorized
3'/a%
Liabilities
Financing
Capitalization Giving Effect to Present
Monday, April 17, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1550
the
the ICC has confirmed its previous findings
and future public convenience and necessity permit
by the trustees of the company of a branch line of rail-
further hearing
present
abandonment
■/
Volume
tofld
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
extending from
with the-main line at Stockton
connection
a
Cedar
and
The
; V.
Scott
for construction and
<
Counties, Iowa.
operation of the branch
159. p. 1349.-
■'
.}
'■*
•
discontinued
was
in the hands of the public increased by approximately $1,000,000 during the year.. ■ This increase,
the first since 1930, was
occasioned by new 'borrowings to finance partially the large construc¬
;
During the year the company effected
funded debt.
'
,
a
1943
f
1941
1942
Public
On
order
an
—
$23,964,174
$18,672,227
15,864,501
13,712,979
—
accruals
Railway- tax
—.
5,203,200
—
2,633,200
1,483,000
In
c
975,263
859,413
during
628,716
703,279
683,293
Public
—
.
payable
Holding Company Act of
rehearing.
with
the. year,
Service
Co.
orders
these
Service Power & Light Co.,
Cities
sold,; through underwriters, all of its holdings in
of Colorado, one of its major subsidiaries, to the
and disposed of its interests in Durham Public Service
Cities Service Power & Light Co. has withdrawn its appeal from
two
orders above mentioned
and is presently engaged in active
general public,
V
Net
$3,397,266
income
$3,787,932
$1,933,542
Co.
252.884
operating income—
(non-operating)
-vv
railway
Other
284,471
280,302
the
utility properties outside
expects to make substantial progress in this direction dur¬
Total
;
$2,213,844
contingent,
fixed,
and
year
1,803,728
2,037,033
1,994,878
$2,035,370
$218,966
767,725
226,485
charges,
Service
income
Net
dividends
A
Class
>.
Common dividends
,
\
-*
'• "j'
Dec.
"7 r*'K.
.
1942
■'
$66,081,064 $65,828,098
Investments
———4————
investments
Special deposits
4.——_Y——!!----::
4,386,412
6,765,500
Temporary cash
3,405,000
390,870
Cash
_!
sented
Traffic and
bal.
Net
current
640
133,083
348,948
305,373
1,698,523
assets
of
8,141
:
<; Deferred assets
54,539
Unadjusted. debits ' ——1.349,174
-
accrued
the involuntary liquidating value ($100 per
dividends)- of all of its outstanding publicly held
30,974
stock.
Pursuant. to
586,557
■
,
:. i
Co.
1,971
61,530
11,458
receivable.—.
has deposited with a; trust company sufficient funds to retire at
principal amount and accrued interest all the outs'tandlng debentures
Cities Service Power & Light Co, held by others than Cities Service-
it
732,441
.* •
—
dividends
and
'Interest
Other
supplies
360
964,955
1,614,639
receivable-!-——
accounts
and
iDr)
agents' and conductors—
from
receiv.
Miscellaneous
'Material
,
service balances
car
Power
and
to
pay
in respect of
Total
;'
stock
A
Class
$81,822,601 $75,571,995
———————
Dividends
Customers'
Provision
;stock
17,538,000
17,538,000
——
25,088,656
Audited
26,059,541
payable.
1,657,353
1,260,393
v!—!—~
debt
Long-term
'
and
accounts
wages
"
unpaid
Dividends matured
Unmatured
dividends
Other
226,485
8,648
9,628,057
6,504,018
5,069,639
$81,822,601 $75,571,995
Total
-V.
29,911
6,442,284
„J.i
credits
surplus
Corporate
711.933
2,303,304
87,379
101,558 -:C,:
liabilities
Unadjusted
,
292,703
4,857,729
——
liabilities
current
Deferred
272,363
.
declared
liability
tax
159, p.
1
1349.
,
\
_
Chicaga St. Paul Minneapolis & Omaha Ry.—Earnings
from
Gross
Net
from
Net
594,321
517,416
311,752
300,530,,
299,429
78,588
196,376
* 16,014
4,525,617
4,091,734
3,436,983
2,774,813
936,205
544,218
589,157
433,688
128,581
*12,584
ry.i oper. income—
railway.——
From January
from
Gross
Net
from
Net
*
ry.
1—
railway...
1,157,722
railway
612,975
income.._
159, p. 933.
oper.
$1,330,336
$1,671,307
$2,027,774
$2,229,621
railway..;
1941
1942
1943
1944
February-
..
Deficit.—V.
all of its
stock, all- of which is owned
by Cities Service Co., subject only to the priority of the bank loan of
$20,000,000 above mentioned.
Substantially all of the assets of Cities
Service Power & Light Co. are pledged to secure the loan and any
proceeds of sale of such assets are to be applied in reduction of the
loan, of which $14,000,000 matures at the end of three years and
$6,000,000 matures serially at the rate of $1,000,000 every six months.
During the pendency of the loan Cities Service Power & Light Co. will
not pay and dividends on the common stock held by Cities Service Co.
in excess of $500,000 a year, but intends to devote all additional earn¬
ings otherwise available for dividends either to reduction of the loan
or to increasing its investments in subsidiaries.
Federal Light & Traction Co., one of the principal subsidiaries of
Cities Service Power & Light Co., disposed of all of its holdings in the
Hot Springs, Ark., group of properties (Central Arkansas Public Service
Corp., Consumers Gas Co., Citizens Electric Co,, Hot Springs Street
Railway Co., and Hot Springs Water Co.), and shortly after the close
of the year disposed of its holdings in Rawlins Electric Co. (Wyo.).
On Dec. 20, 1943, Federal Light & Traction Co. filed with the SEC a
plan for the retirement of all of Its outstanding preferred stock and
the merger of the company with its operating subsidiaries in Colorado,
Deliveries
Other
the
S.
of
—
627,407
.
286,938
$60,050,678 $59,799,035
23,176,541
2,953,465
3,247,936
13,530,622 .15,156,412
for
obsolesence..———
Chilean income & profits taxes (est.)
and
for
and
deprec.
net
income,
Dividends
Earnings
deduction
without
depletion
Capital
share
per
„_
Assets—Mines
and
mining
claims,
$4.13
$3.64
—
——
■
and
ice
ferred
credits
378,106.—V.
to
159,
(par $25), $110,387,575; advances by U. 8.
for extension of metal producing facilities, $3,workmen's compensation insurance, $35,548; ac¬
payable, $3,137,395! accrued taxes, $12,667,147; de¬
income, $151,378; surplus, $37,057,305; total, $167,-
p.
Maintenance
Operating income
Net
taxes)—!'——.:—
160,801
157,663
of
...——_
188,972
$474,829
_!!_
I $481,987
$482,662
———
v:
v
77
Co.—Annual
Service
•
Gross
'
-
income
Expenses
Interest
Prov.
.
Net
Since Pearl Harbor
.
invested more than $106,for war.
In addition
approximately $50,000,000 worth of
the subsidiaries have
investment
this
they
operate
and equipment for the Government.
Briefly, the operating results are;
plant
.
•
operating revenue—
Net
income
Net
current
Cash
-
.
—
assets
—
—
—
——
Government securities
and
t1942
S
$
284,543.195 255,521.905
*17,538,931
16,113,670
92,052,979
102,514,054
adjustments.
exclude amounts applicable to companies disposed of in
*After
The
providing $2,000,000 for post-war
company
construction
and
•
The
net
cash
and
subsidiaries expended
more
86,115,532
86,977,335„
tAdjusted to
1943.
than $78,000,000 for
property acquisitions during the year.
realized' from properties sold exceeded $24,700,000.
—J
159,
p.
;
,
Sales
the
,
in
banks and
113,000
374,000
Crude
—
$4,662,050
$2,520,802
$4,899,730
Balance
1,875,059
Sheet, Dee. 31
on
oil
hand—
———
and Canadian Governments.
—
Prepaid
Other
and
interest,
————
2,771,372
1,754,717
—
——
assets
Deferred charges
Total
1
taxes
—
87,333,962
3,631,^48
18,834,028
3,169,720
and othef- exps.
-
—
insur,,
17,245,362
15,780,421
—
supplies^
1942
S
8,132,104
2,338.144
7,950,142
13,992.134
1,169,288
9,816,658
1,9^6.401
Merchandise held for resale—————
Materials
93,315,586
9,198.469
788,130
—
or
products
1943
$
680,469,881 694,235,881
——i
U! S. Govt,
oil.—
in
the
•
American
appointed
both City Ice proper¬
parent organization,
during the first three months of 1944 were about 50% below
1943 pefiod, Max Schott, President, told stockholders at the
April 6.
on
added.
The
decline in volume
stems from a sharp increase in productive
molybdenum which reached its peak in September, 1943.
scarcity of other steel-alloying metals where "moly" was sub^
•stituted turned into surpluses.
This resulted in a reduced need for
molybdenum and sales were on a declining basis starting with May.
"capacity of
while
Other
factors
of
933.
159,
p.
the
were
exigencies
V.
changes
demanded
war
in
such
types
as
of
the
equipment
war
cutback
tank
in
as
the
output.—
.
.
Clinchfield RR.—Earnings—
February—
from
Gross
Net
from
Net
ry.
•
••
1941
$1,033,064
$918,043
$854,755
679,586
562,599
1944
539,972
424,123
500,545
498,784
income—
oper.
From January
Gross
1942
$1,211,120
.
railway—
railway—-
from
1—
1943
397,876
'''V'\
;
427,941
' Y
'• i
:
railway—
2,445,510
2,135,037
1,928,217
1,730,582
Net' from railways—
1,382,956
1,191,150
1,050,065
1,009,133,
income—
1,142,561
958,759
837,224
Net
ry.
—V.
oper.
159, p.
Colonial
■
Stores, Inc.—Sales Again Show Gain—7
Period End. Apr. 1—
gaales
—V. 159,
C.
1944—5 Wks.—1943
1037.
p.
Southern
&
Ry.—Interest
Vice-President,
James,
on
April
general mortgage 41/2%- gold bonds,
the plan of
adjustment, said;
Fixed
Nov.
the
interest vat
be
New
in
Payments—
a
notice
series A, due 1980,
to
v
holders
o*
as modified bv
1
1 Va %
of
rate
7.
per
annum
for
period
the
1944, amounting to $7.50 on each $1,000 bond,
1, 1943. to May 1,
will
1944—13 Wks,—1943
$8,631,396 $23,427,904 $22,127,463
$9,104,844
—
—
J.
868,751
1037.
at the office of the company, 2 Wall St.,
N, Y., upon presentation of coupons of that date stamped
paid
York,
May
1944,
1,
fixed interest coupons;
as
7 Contingent interest at
1943,
under
the
the plan
per
annum
for the calendar
each $1,000 bond, the maximum pay¬
will be paid on the same date, at
presentation of contingent interest coupons due
$?5 on
of adjustment,
place, upon
same
the rate of 2V2%
amounting to
year
May 1, 1944.—V. 159, p. 1349.
Colt's
Fire Arms Mfg.
Patent
Samuel
Co.—New President—
President, has ijeeu made Chairman of
Anthony, formerly President of Veeder-Root,
Inc., succeeds Mr. Stone as President of Colt's.—V. 159, p. 1349.
the
M.
board.
Slcne,
formerly
H.
Graham
Commercial Investment Trust Corp.—Control of Doeh-
'*
,ler Die Casting Co. Sought—
Negotiations
mercial
:
nearing completion for the purchase by the Com¬
Trust Corp. of a controlling interest in the Dochler
are
Investment
Casting Co., it was reported on April 6.
Although
believe
final
that
the
agreement
I.
C.
T.
has
been
not
Corporation
reached,
may
offer
Informed
purchase
to
person?
all cut-
Holders of the Doehler stock who
would be subject to a capital gains tax through the sale of their stock,
may be offered an exchange on a share for share basis for C. I. T.
standing
Doehler shares
for cash.
stock.
There
,
—
—
—
in the treasury. The
tion
is
of
that
about
prepared
agents as
soon
Reports
indicate
the
finance
en¬
corpora¬
this amount with the company's transfer
equitable price for the Doehler stock has been
deposit
to
an
as
,
complete stock purchaes by C. I. T. would
a
$12,000,000.
(New York
determined.
■
25,000 shares of Doehler stock.
is estimated
use
stock issued, with 2,761 of these
National Lead Co. is one of the largest
299.874 shares of Doehler
are
shares held
"Sun.")
New Chairman of Subsidiary—
"
agencies thereof—.—
Other accounts and notes receivable
Refined
directorship
a
the
Sales for January, February and March of this year totaled 5,138,297
pounds, against 10,858,300 pounds for the same months last year.' he
It
195,000
accounts receivable.——
Merchandise accounts receivable—
from
Brewing Co., Cleveland,
to
of
recently
and
1444.
meeting held
tail
.
,
S.
elected
Miami
and
Y
President
Orleans,
New
Orleans
~
.
.
Securities of U.
'
same
annual
2,053,514
9,442,013
Assets—.
Cash
'
Climax Molybdenum Co.—Sales Decline—
:;
Ended Dec. 31
(ex-
—
Capital assets —!—
Due
>;•
V-'
tax
Customers'
1943
Gross
...
of
New
the Pilsener
been
holders with
8,630,774
charges——
Consolidated
000,000 in plants producing products and services
to
income
of
has
Ernest C.
automobile
<
..
.•!?■'
1942 has been ad¬
relating to the operations
1,915,309
8,247,121
J
other
Federal, income
profits tax not assessable)—
cess
>■
Federal
taxes
on
income.
dividends on preferred and
undeclared
Sullivan,
Co.
—V.
16,113,670
.1943
1942
1941
$15,019,480 $13,139,636 $16,769,257
i.—
Report—
highlights Of the report may be summarized as follows:
The
-
B.
ties,
the year
<Cities Service Co. only)
—
and
for
•
City Ice & Fuel Co.—New Director—
the year 1913.
"! -'
.•
$175,608
'
during
account for
Comparative Income Account, Years
315,926
$181,340
'
636.
income
iV.V'V'!-% U'-Z'.-s*-;
$491,534
301,323
—
_.
9,547
'
.
.
sold
subsidiaries
88,473
.
1942.
Note—Consolidated
147,269
7,833
———
in
$3,535
956,178
$333,966,426.
provision
fpr
cumulative
$476,667;
accrued
Frank
debt
deducting
justed to,reflect the exclusion of the figures
income
Cities
After
269.325
income
p.
17,538,931
—
1942
deductions
159,
1—
income
$2,100,895
income..
charges,
Brewing
4,138,713
460,752
91,472
——,——
1943
expenses
Other income
—V.
profits taxes
$2,209,300
973,108
126,433
285,157
revenues—
(other than income
Gross
excess
total,
$10,113;
$333,966,426.—V. 159, p. 636.
retirement credit of $139,046 in 1943 and
$49,596 in 1942, and net post-war refund credit of $218,912 in 1943
and $410,260 in 1942.
tA/ter post-war refund of $14,846 in 1943 and
*
(& Subs.)—Earnings—
Depreciation
Income
tCanadian
accounts
preference stocks to, Dec.' 31,
1937, $19,671,870;
contingencies, $7,-787,496; capital surplus, $21,132,200; earned surplus* $30,048,380; total,
11,787,724
3,222,317
500,735
140,996
foreign income taxes—
$131,674;
$3,895,700; indebtedness to subsidiary companies, $14,004:
payable, $758,835; accrued interest on debentures ($1,237,813 t'
coupons
($7,597,016), $8,834,828; accrued taxes and
$510,515;
6,201,066
12,612,679
profits taxes
excess
and
owned,
unpresented
other
•
7,851,105
w—~-—
operating
and
2,000,000
adjustments
post-war
securities
on
1962,
accounts
Die
12 Months Ended Dec. 31—
Taxes on
for
^Federal
State
Net
Operating expenses
Taxes
7,470,592
—
———
interest
accounts
and
notes
receivable
(not
current),
debenture
discount
and
expense,
$5,155,890;
and
preference stocks,
$58,722,000;
common
stock, $37,034,932; debentures of various maturities, $145,079,000; con¬
solidated Cities Light, .Power & Traction Co. first'lien 5% gold bonds
18,157,606
Federal normal and surtaxes
548.
Citizens Utilities Co.
Total
Co.
Provision
subsidiary companies, $271,subsidiaries) at
unconsolidated
(including
Liabilities—Preferred
474,284
17,150,392
-
(exclusive of interest
.charges on funded debt of Cities Service Co.)
Interest-charges on funded debt of Cities Serv-
Sheet, Dec. 31, 1943
Service Co. Only)
and advances to
unamortized
deferred, charges,
other
58,601,042
income
accrued
$14,390;
$115,112;
-Interest and other charges
for
wages
and
receivable,
Colorado
60,636,642
—
55,555,597
34,811,355
861,774,337 875,230,602
—
investments
6,362,120
28,895,002
cost, less reserve, $25,380,786; cash in banks and on hand, $27,301,944:
securities of U. S. Govt., at cost (market value $4,324,275), $4,320,000;
52,399,976
income——————
Gross
■
agency
reserves
239,942
<
;.i-
Liabilities—Capital stock
941,758;
debts
—
(Cities
$
revenue—54,775,079
•!! ■; 5,861,562
Net Operating
Other
'
Government
for bad
7,757,252
36,823,629
29,424,977
————_
—
other
.,
20,451,800
75,316,874
—<
—
—;
536,516;
312,614
18,059,318
—
able
'
income
on
^.SSe'OG^T14
4,154,804
!.
taxes
Balance
operating revenue.—
Provision
water rights and lands for metal
producing plants, $99,531,240; buildings and machinery at mines, re¬
duction works, etc. (less reserve for depreciation of $58,007,030), $11,160,521; investments
(at cost or less), $30,425;
funds provided by
U. S. Government agency for extension of metal producing facilities,
expended or on hand, $3,941,758; prepaid expenses, $70,348; deferred
expenses, $56,999; supplies on hand
(at cost), $10,194,056; copper (in
process),
$707,333; copper (finished), $727,136; receivable from af¬
filiates, $5,165,819; .-accounts receivable, $635,373; U. S. Government
securities (at cost), $18,400,000; cash, $16,757,095; total, $167,378,106.
8,743,489
370,068
;
Federal
Assets—Investments in
1942
284,543.195 255,621,905
Cost of sales and operating expenses
———
137,697,362 114,851,355
Maintenance and repairs—r
12,967,235
11,512,631
Prov," for <f?plet!, deprec. and- replacements—!!
31,540,751 30,125.177
Taxes, "other than" taxes on income—12,872,186
12,492,247
Rents and royalties
4,089,933
3,994,698
Selling, general & administrative expenses
30,360,708 29,771,538
Gross
13,246,509
13,057,509
!
:
$
10,544,359
7,538,607
certain
surplus
Total
f<?r solution,
.
of
:i
—
Earned surplus
A
operating utility company.
single
a
1 Comparative Consolidated Income Account
'.'w;;.
1943
/.
,1
;
form
to
equities
,
Years Ended Dec. 31—
:•?
—$16,060,517 $18,218,146
...
....
•''"•-j.1"--; Consolidated Balance Sheet, Dec. St, 1943
counts
utility
deliveries!—!—27,506,075
' Consolidated
,
;
:
income
of
Provision
U.
I
copper
Arizona
stocks
pfd.
on
Other liabilities
matter
time
reasonable
1942;' !
$59,423,271 $59,512,0.97
•
income
Total
Cost
of
and
Mexico
common
presents many difficult problems, which require
it is believed that with improving values
and with the cooperation of the SEC the various
utility interests of Cities Service Co. can gradually be disposed of in
an
orderly manner to the extent necessary to secure an exemption
from the Act, without serious impairment of investment values,
-
Co. (& Subs.)—-Earnings—
YY'-%
C'7
1943 '•
Copper
Cities Service Power & Light Co. has retired
Accordingly,
New
Years Ended Dec. 31—
'**'■
^
——...
other charges
deposits
for
President of
said
to
outstanding securities except its
While
Chile
;
i*v
stock,
the debentures or the preferred
pursuant
Cities Service Co
702,643
,
accrued.
interest
Accrued
38,523
—.
unpaid
matured
Unmatured
134,189
132,289
[>• Miscellaneous accounts payable—!
1
Interest
Service
obligation
plan. Cities Service Co. has exchanged the
preferred stock of Cities Service Power &
Light Co. which it held, and its holdings in Ozark Utilities Co., for
securities of The Gas Service Co., Kansas City Gas Co., The Wyandotte
County Gas Co. and The Community Traction Co., held by Cities
Service Power & Light Co., and has donated to Cities Service Power &
Light Co. all the remaining preferred stock of that company held by
Also
$15,354,500
$15,354,500
—•
'
Common
or
12,462,623
—
unpre-
Reserves
Cities
any" further liability
from
—_
and
debt
—
and
payable
subsidiary companies
share and
preferred
debentures and certain of the
'•
Liabilities—
Commission,
the
of
order
the
Light Co/ is released
&
1,416,557
lb.jor'^e
—
funded
on
coupons
Accrued taxes
due
which was approved by the Commission on
14, 1944, Cities Service Power & Light Co. on March 15, 1944,
borrowed $20,000,000 from a group of banks.
With the proceeds of
the loan and of the sales above mentioned and other available cash
plan,
March
751,141
19,881,729
interest
dividends
-/v'
•
:
the
to
Pursuant
459,782
774,564
receivable
bills
and
Loans
still pending,
are
with the
preferred stock;
1,400,000.
::
of the Act involving Cities
(1)
(b)
11
proceedings under Sections 11 (b) (2), 12 (c),
12 (f) and 15 (f) of the Act, involving Cities Service Power & Light
Co. and four of its larger subsidiaries,
as well as the interests of
Cities Service Co. : therein, Cities Service Power & Light Co.,
in an
effort to dispose of many of the issues, filed with the Commission on
Dec. 20; 1943, a plan for the simplification of its corporate structure
and the immediate retirement of all of its outstanding debentures and
31
1943
•
Section
subsidiaries
its
and
Co.
In connection
:
Sheet,
Balance
*' i*'V
'•
in
171,649
—
General
Condensed
'
1944. Proceedings under
'
$1,846,422
and other
sinking fund
.
$4,072,403
of Ohio
ing the
$3,650,150
income
deductions,
26,024 94C
37!o34i932
446,256,010 476.68L26C
10,621,238
10,672,486
payable
Accrued
negotiations for the sale and disposition of its
Misc.
79,011 583
26,863,750
.
debt
long-term
to others.,
Accounts
,
J935
in Ohio, and on Sept. 10,
all respects that company's
in nearly
order denying
an
a
other
Notes
the Securities, and Exchange Commission issued
proceedings under Section 11 (b) (1) of the Act,
accordance
2,281,181
Equipment rents (net!
Joint facility rents (net).
for
—
——
payable to banks.^
those in utility companies operating
issued
1943,
motion
and
58,775 000
69,735,382
hands of public—
in
cos.
stockholders' interest in subsidi¬
com.
companies
ary
58,722,000
37,034 932
—■
Funded
1943,
the
in
Minority
.
Utility
preference stocks.
stocks of subsid.
Pfd.
Notes
involving Cities Service Power & Light Co. and its subsidiaries, re¬
quiring that company to dispose of all its interests and holdings
except
$32,635,256
21,124,893
operating revenue——.
17,
Aug.
and
stock
Common
were
received from
of securities,
,
•
Operating revenues:
From' freight —!J—$23,303,170 $17,649,208 $14,538,275
From passengers
6,554,340
4,128,392
2,097,395
.j
Miscel. and other operations
2,777,746
2,186,575
2,036,558
Total
retirement
the
for
'
1
Condensed Income Account Summary for Calendar Years
Railway operating expenses-
Proceeds
program.
aside
-Liabilities-
Preferred
the
sale of investments, set
applied in this deter¬
mination.
"•••
■
,
1 ■
During the past 10 years the net reductions in consolidated funded
debt, notfis payable and preferred stock exceeded $135,000,000.
tion
reduction of $970,884 in its
'
;
.
standing
March 25, 1943.—
on
Chicago & Eastern Illinois RR. Co.—Annual Report—
\
During the. past-10 years more than $285,000,000 has been expended
acquisitions.
Consolidated 'funded debt, notes payable and preferred stock out¬
to
,the end of the track at Tipton, approximately 21.66 miles, in Muscatine,
1551
12,640,576
—
9,227,255
6,349,444
2,542,125
10,554.286
1.RK6.390
19,351,118
861,774,337 875,230,602
the
board
Kanzler,
who directed the program
for converting the vast
industry to war production, has been elected Chairman of
the Universal C. I. T. Credit Corp., a subsidiary, which
of
specializes in financing the sale of automobiles.
Mr. Kanzler is also a director of Commercial Investment Trust Corp.
three
and
Electric
his
its
of
Co.,
and
headquarters
National Surety Corp., Holtzer-Cabot
Switch Corn.
He will continue to maintain
Detroit.—V. 159, p. 1350.
subsidiaries,
Micro
in
Commonwealth Edison Co.—Weekly Output—
the Commonwealth Edison group of companies,
electric utilities, for the week ended April 8.
10.3% increase over the corresponding period of 1943.
Following are the kilowatt-hour output totals of the past four weeks
and percentage comparisons with last year:
Electricity output of
excluding sales to other
.1944, showed
a
Week Ended—
April
•
"
"
1—
March
25
March
1
159, p.
1943
171,292,000
——
1444.
———
191,421,000
171,347,000
171,685.000
—
18-v
—V.
1944
188,898,000
193,357.000
8—
April
196,287,000
178,759,000
% Inc.
10.3
12.8
11.5
9.8/
this
territory
300.655
1943,
electric energy of subsidiaries
general business conditions oi
6, 1944. amounted to
the corresponding week in
7.63%.—V. 159, p. 1444.
served for the week ended April
as compared
with 231,629.961 for
of 17,670,694, or
increase
an
count—
Gross
1943
exps.,
Prov.
for
3,439,644
406,235
352,907
5,150
of
and
debt
1,323,117
1,333,681
534,389
534,389
9,369
9,174
-->V%
;>df
Int., amort, of debt dlsct. and expense, etc
company ■
'
interest'
Minority
income
Net
♦Federal
in
a
taxes
income
on
$487,127
$399,914
—
reduced by approximately $110,000
were
in 1942 as a result of certain tax credits ansing
In 1944 there w.ll be no similar reductions available
and $85,000
1943
in
359,385
354,107
prior year.
from such pnor year.
2043.
p.
\-y.:
of
Cost
4,616,014
2,730,457
3,490,728
1942
$1,845,997
$1,125,286
$1,120,457
special charge—;
adjustments
contingencies,——.—__
bef.
for
266,193
————
310,285
359.200
$184,706
$163,777
117,105
115,400
147,741
general and admin. exps._
15-year
first mtge.
6%
♦Selling,
Int.
on
1,871
.
r
Net
before
profit
2 223
2,616
1,148
discount
tLoss
1.677
2,587
15-yr. 6% cum. income notes.
and expense
—_
Int. on
Bond
18,258
1.358
1,192
1,200
16,756
15,131
income bonds
cum.
Balance
applicable
expenses
$24,446
$45,753
obsolescence,
assets,
fixed
of
(less
periods, etc.
non-operating
to
retirement
+On
income).
tLoss,
operating of dwellings, etc.
V.
159,
equipment
April 12 announced that system output of electricity
ielectricity generated and purchased)
for the week ended April 9,
1944, amounting to 198,500,000 kwh., compared with 173,400,000 kwh.
for the corresponding week of 1943, an increase of 14.4%,
Local dis¬
tribution of electricity amounted to 197,000,000 kwh., compared with
week of last year, an increase
15.8%.
The
Meetihg Scheduled for May 15—
company
its annual
City,
at 2:30
p.
m.
and proxy statement are also
Proxy
15.
May
on
being mailed.
The
the
tion
for
i,.
:il
stock
trustees now holding office.
of
the
no
also presents for the consideration of the
stockholders a resolution calling for rescinding a resolution adopted
at the stockholder meeting in 1339 which required stockholder ratifica¬
tion of payment «f a pension to any employee receiving at the time of
retirement a salary of $25,000 a year or more.
The statement points
out that changes in the company's provisional retirement plan were
made in 1943, limiting pensions to a maximum of $15,000 a year, and
therefore
the
resolution
serves
no
useful
purpose
and
should be
rescinded,
The
-.
statement
proxy
'. ' ■1
■■
the
intent
of
the
company's
ing.
of
One of
James
of the
meeting,
•
of
would limit
*
'
.
"
:
Conn.,
series
time
one
to offer two resolutions at the meet¬
amount of a pension to $6,000 a
the
'
stockholders within
to
to
of
nearly 3,000 employees who
of
$6,000.
The
resolution
annual meeting is
both of Mr. Fuller's resolutions.
oppose
points out
that
in
received
regarding
opposed because
there
1943
retirement
only 31
were
annuities
in
excess
meeting.—V.
159,
in
with
connection
the
of the
annual
forthcoming
1445.
p.
filed
be
Bonds—
Gas
&
from
funds
the
of
Co.—Hearing Postponed
company's request to the Securities and Exchange Commission
postponement of a hearing scheduled April 18 has been granted,
with
a
plan
date
new
filed
in
set
for
June
compliance
Holding Company Act.
The
20.
with
Section
Consolidated,
in
hearing
11(B)
is
voluntary
the
on
the
of
Public
Utility
bonds will
The
159,
Republic
Central
Co.,
as may be required, are t6 be ap¬
of the principal amount of the entire
Blair
&
Co.,
Corp.—Earnings—
'
Earnings
per
25, '44 Mar. 27, '43 Mar. 28. '42
*$217,381
t$73,306
$8,857
share—
common
Nil
$0.61
$0.01
♦After provision
for all normal charges, including depreciation, inter¬
tLoss.
*No liability was in "tiered for income and excess
est and taxes.
profits taxes
due
amounted
$260,000
to
If the less had
would have
to
loss
not been
be°n
after preferred
sale
on
and
has
of
deducted in
$122,029,
33
or
discontinued
a
been
changed
direct
plant,
which loss
to earned surplus.
rownvt'ng the taxes the net profit
per share on the common stock
cents
dividend requirements.
The
d'rectors
the
Anr'l
on
common
stock,
This compares with
last.
In
1943
*~w>rrh
a
Thalmann
Ladenburg,
$1,050,000;
Inc.,
$300,000.—V.
Corp.,
Curtis Publishing
profit
excess
Taxes
159,
declared
div'dend
1
to
"The
of
20
cents
holders
of
record
share
per
15.
March 1,
May
one
the
159,
"In
to
Consolidated Royalty Oil
Co.—Larger Distribution—
A
dividend
etock,
$10,
par
ments
—V.
of
158,
of
5
6
payable
certs
p.
cents
each
1523.
share has
per
April
were
25
made
'
to
been
holders
on
declared
of
April 25
record
and
■'
on
the
April
Oct.
25,
common
15.
Pay¬
last
•
>•
declared
No other
payable
paid
the
is
until the aggre¬
3%%
rate
will
3U%.
be
ifv.:'";.*"
payments
2%
a
April
Jan.
on
;;
Stock Distribution—
stock
29
29,
dividend
and
the
on
pounds.
Coal
year.—V. 159,
Income Account
be
of
and Subsidiaries
Company
1943
*1941
1942
;
31,548,154
592,395
interest.
&
715,261
Total
38,461
'
$82,115,985 $75,681,309 $58,543,635 $47,373,794
revenues—
expenses.
31,227,098
28,932,239
22,693,046
oper.....
27,943,267
23,660,371
expenses.
626,225
539,110
19,320,671
-j 272,448
Net
Net
by
on
our
to
of
use
Federal
other
pounds, which
this type."
of
in
used
now
should
large
a
that
be
25%
a
that
so
.
2,268
operations
more
of
we
Gross
the
Amort,
:"y
the
1,887,512
digs.' $20,695,793 $15,896,334 $12,388,610
$8,407,682
roads.-
in
mind
that
since
Income
Account
——
1,799,936
1,776,261
3,232,742
3,251,714
funded
115,417
122,891
269,429
234,515
5,777,650
4,072,785
2,812,117
2,648,482
$9,771,619
$6,565,068
$4,274,386
$496,709
27,297
62,094
Dr 1,877
$6,592,365
$4,336,480
$494,832
profit
sale
Net
___
profits
of
from
(net)..
secur.
profit
$9,771,619
__
♦Including
equipment
joint
and
Consolidated
facility
Balance
we
are
for
operating at present
Calendar
"'.'Assets—.'
Cash
U.
Notes
S.
and
and
—_'
$7,995,069
Other
$7,552,020
1,310,274
receivable
Other
12,496,210
2,009,000
191,000
obligations...
2,135,557 ;
(trade)3,073,903
6,760,247
^
1,568,115
2.605,445
6,358.754
-
V 1,556,539
—_
1,603,357
9,803,594
charges
$1,185,862
depreciation)—____
income
1—
-
Govt,
assets
plant
Deferred
549,127
(after
notes
Canadian
accounts
current
1942.
10,064,918
...
11,283,909
144,875,042
150.234,512
Investments
$1,734,989
443,050
:
hand
on
Inventories
Deprec. of plant, fixtures, buildings and patents
income—.—;
•••:'
31
i:*:
•
and
Treasury tax
Other
1942
;:v-
banks
in
S.
U.
Years
$63,293,915 $51,489,112
55,298,846
49.754,123
__.—
*Revised. %
(net).
rents
Sheet—Dec.
1943
Property,
Balance of income
1,774,763
3,360,826
11,139
Net
instead of the $4,361,415.05 being reported.
part of these 'excess profit credits' and it
part of our earnings in 1944 will
___
expense
of
1,755,346
3,264,623
debt
depletion..
&
Realized
company
V1943
Operating income
25,977
1,852,083
unfund. debt
on
Deprec'n
restriction, the possibility of increasing our volume
limited."
Consolidated
Operating
28,552
1,865,265
taxes;:;
debt
■
Interest
tax law, certain
33,807
1,795,918
of
exp.
131,028
210,323
230,603
31,874
funded
on
1,184,586
201,793
fixed
leased
Interest
7,498
1,344,667
tjax
other
before
for
Rent
433,237
1,722,819
2,035,378
tax—_
earnings
&
2,800,662
281,318
age
y
Property
...
the Federal
believe
tax
stk. & franch.
Cap.
than complied
;,
income
Fedeial excess profits tax.
borne
paper
business is very
Other
cos.
taxes
considerable
a
subject to the 95%
"It
$22,319,395 $22,549,490 $16,257,471 511,642,015
—
sub.
above
Unemploym't & old
Net
in
paper
673,980
paper
about $3,000,000
probable
under
of
revs., all COS.— $22,319,395 $22,549,490 $16,257,471 $11,644,283
Adjust, of U. S. inc. tax Cr2,722,678
will not be
excess profits tax for 1943.
If we had not been able
1943 our profits currently available for dividends would
an
this
have
revenues
incl.
18,734.620
16,916,790
80,369
Net
otherwise.
under provisions of
1941.
credits'
profit
been
seems
be
and
1942
subject
misc.
revs,
not
profit after taxes, Mr. Fuller advised stockholders,' "prob¬
ably is substantially more than will be the case in 1944 even if we
make the same total profit before taxes.
In 1943 we carried forward
'excess
&
Miscellaneous
compared
possible
the
reduced
was
We
,
266,745
29,819
288,589
26,237
775,940
37,970
_______
♦Transport'n
1943
do
1940
.
$34,870,972 $27,322,546
27,624,667
22,693,759
19,072,417
658,739
664,079
682,267
$49,222,205 $46,583,502
royalties....
&
Dividends
'■■y
J
the government order the reduction in 'the
in our magazines during 1943 totaled 29,002,000
restrictions
to
15.
11,
213.
p.
Transactions Eliminated)
miscellaneous
Miscellaneous
with
addition,
In
the
have
par
Oct.
June 22 and
on
.
&
Rents
''
previous years, as $4,361,415.
with $954,396 the previous
from
carryovers
used
paper
with
The
no
April
record
of
holders
to
last,
made last
were
Calendar Years—
Co.—Annual Report—
$3,876,202
would
than
compliance
amount of
assets
and
equipment
—....
(special funds and
Total
848,708
:
.
887.663
1,047,252
4,277,448
1,735,690
—....
deposits, etc.).;
183,586,958 190,942,244
Liabilities—
income
Loss
$2,073,524
172,889
182,785
430,893
28,768
stock subscriptions closed—
amortization of bond premiums
employees'
on
Reserve for
Other
$8,862,294
'/
debentures
on
social
income
security taxes.;
taxes
268.050-
769,139
316,938
2,872,497
2,161,295
4,877,934
6,366.050
1,752,545
1,308.654
Matured
Deferred
,
credits
profit
$4,361,415
Dividends
on,
Dividends
on
prior preferred stock...
$902,470
3,096,289
__
insurance
1,078,678
~
preferred stock..^..
Consolidated Balance
162,800" "
Notes
and
securities
$8,126,193
19,258,851
receivable...——i_1
accounts
11,564,520
957.688
4,838.557
securities—110,500
on
__'—
—
7,774,338
,
-V.
449,113
892,665
;
—_
$59,507,684 $52,704,919
....
...
Liabilities—
"
payable
___;
j.
Wages earned but not due—....
_
Dividends declared but not due
State and
Other
Self
Federal
taxes
debt
insurance
...
(reserve)—
for
capital
surplus
Contingent
;
...
(earned)
Dec.
profits after Dec. 31,
Cost of stock
in
'
$850,479
145,273
9,797
42,860
*
...
treasury.
and
con¬
4,535,450
4,53.5,450
251,309
120,252
48,763,866
38,347,117
ICC
Two
-
That
M)
Western
ship.
of the properties of the New York Lackawanna &
into the Delaware Lackwanna & Western RR. for owner¬
merger
Ry.
of
the
New
ownership of stock,
669,888
—
100,000
22,775,800
386,410
12,338.577
12,276.010
1,159,474
Dr6.496
57,148
not
Lackwanna
Delaware
deposit in
certificates of
capital
exceeding
and
the
of
stock
Toci">wanna
York
and
tion
with
The
insure
has
a
report
of
the
continuation
been
in
Western
Western
York
and
RR.
of not
latter
of
be
and
authorized
exceeding 98,320
Lackawanna
refunding
&
Western
mortgage
5%
mortgage bonds, both of the
division, and scrip certificates repre¬
and (b) to assume obliga¬
agreement in respect of the nayment
on
Ry.,
gold
$23,639,000 of bonds of the New
consisting of $13,639,000 of first
bonds,
series A,
and
$10,000,000
gold bonds, series B; all in
of the two como^nies.
of
connec¬
of the properties
Examiners
of
existence
&
first
refunding mortgage 4J/a%
the merger
the
I^f 'Pa., through
these bonds;
merger
interest
and
ft
by
Ry.
income
& Western
refunding mortgage 4%
first
of
$5,899,200
liability under
of
Western
respect
the New
of
and $3,932,800 of
principal
&
consistent with the public interest;
are
senting fractional interests in
tion
—
$55,507,684 $52,704,919
the
the
bends, series C,
and
undivided
of
and -acquisition
Lackawanna
York
6,067,460
That
to issue
operation,
and
New York Lackawanna
(2)
shares
'
.
find:
management
control
.
Examiners, R. Romero and G. M. Eddy, have recommended
Division 4
Ry.,
100.000
22,775,800
325,660
& Western RR.—Road Merger
Delaware Lackawanna
*491.885
8,581,910
-669,210
.-„
1940
51,213,500
upon
-•
250,000
year.
Total
received
183,586,958 190,942,244
933.
250,000
5,860,810
...
1940
31.
"
^
losses
reserve
profits to
Undivided
*
—
l_„_
759,279
...—
p.
-
9,532,694
contingent
35.900
787,430
-
...
Favored by ICC Examiner—
(a)
-
fund
Reserve
"'
for
debentures..
35.900
:
.3,608,071
on/ debentures
sinking fund requirements
of
liabilities
Long-term
stock
bonds
517,488
43,118
T
interest
year's
$2,160,382
172,897
_____
450,000
company
—
of
159,
that
Accounts
subs,
in
construction—-...:^
capital
on
Total
*92,098
36,819
assets
948,878
450,000
51,213,500
interest
8,134,896
—_
83,752,401
1,027,038
__i_
7,962.939
10,993.299
17.062
______
65,981,266
______
__________
etc.
Appropriated surplus .1
Earned and other surplus
4,439,446
8,105,929
.
charges
Total
of
$100)
version
patents_i._'i._l^.__T-i—-—^--107990,410
assets
Deferred
64.036
481,803
1
cost
income
Goodwill and
Other
____
___
1
______
reserve,
aid
8.59,730
168,572
or.,surplus.________
Capital shares (Del. & Hudson Co. capital stock
1942
$6,985,478
—_
______
_
in
Grants
income
minority
Premium
1943'
Marketable
of
par
Sheet, Dec. 31
Assets—
Cash
—_'
Equity
to
—
liabilities
Other
19,700
850,950
—
debt
Long-term
18,700
h-
payable—_.it.i^
payable
Fire
Net
debt maturing within one year—__
bonds
Rentals
369,408
——-
_________________
payable
liabilities_-j—_ic.—_________
Long-term
5,105
400,662
2,706,400
_
taxes
"
20,894
r
——
Accounts
Accrued
Total
Interest
tStatcd
636.
p.
have
Transportation
reduced paper tonnage,
results from such factors as the high demand for advertising space
in
our
publications and increased circulation revenue," Walter
D.
Fuller, President, points out in his annual report to stockholders,
accompanying the financial statement of the Company.
"To fulfill our responsibility both to the war effort and to adver¬
tisers, we succeeded in 'stretching' the available paper so that less
pulpwood goes farther. The net effect is to reduce the weight of our
paper per page, thereby making a greater area of paper,
or pages,
Capital
1933.—V.
loan
new
when
net
retirement
a
June
Building, is issued
higher interest rate. The
years, but has amortiza¬
Revenues:
&
^
1445.
p.
profits were $902,470.
paradox of higher profits with
when
year
credit
amounted
Current
payment of 15 cents per share made on
d'vidond was paid—25 cents per share on
first disbursement on this stock since Jan. 3,
only
was
6
payable
10
Braxton Co. of New York City arranged the
(Inter-Corporate
Hayden, Stone & Co., $600,000; Paine, Webber,
Curtis, $450,000; William Blair & Co., $300,000, and First
&
Accrued
Larger Dividend Payment—
on
the
on
$2,000,000,
a
for
Coal
tFixed
Mar.
profit
carry
runs
Co., $600,000;
Jackson
Other investments
Consolidated Laundries
the close
to
the 22-story Cunard
on
1944,
rate
to
stock,
was
Consolidated
S. Moseley & Co., $1,050,000; A. G. Becker & Co.,
Hallgarten & Co., $750,000; Shields & Co., $750,000;
$900,000;
Accrued
12 Weeks Ended—
each
convert
may
stock up
common
Delaware & Hudson Co.—Annual Report—•
F.
$1,050,000;
directors
amount
1943.
be paid
Inventories at
1350.
p.
Interest
reduced
common
like
A
underwriters,
asking the postponement, said
proceedings started
since the voluntary plan was
require a "substantial revision" in the plan.
Consolidated
said
it has,
since Jan. 1;'-1943, disposed of holdings in
16 public
utility companies, contracted for sale of another and has "substantially
completed" negotiations for sale of investments in another six com¬
♦Net
The
value
by the company out of its general funds.
with the amounts underwritten, are as follows:
Halsey, Stuart & Co., Inc., $4,800,000; Goldman, Sachs & Co., $1,400,the
divestment
will
panies.—V.
features.
outstanding $17,182,500 first mortgage sinking fund bonds, series A,'
3%%, due Sept. 1, 1955.
The redemption of the bonds will require,
exclusive of accrued
interest, $17,526,150.
The accrued interest on
.
that
filed
Stockholders
shares of
retisiiupresent obligations which
company
plied to the redemption at 102%
The
for
share.
a
seven
Deerfield Packing Corp.—2%
series B bonds reg¬
outstanding.
Offering price to the public
amendment.
: "
the sale of the bonds,
together with such,, amount
by
Provision for
Electric
Co.—Calls Preferred—
1944.—V. 159, p. 839.
The Hammond, Harvey,
loan.—V. 139, p. 2517.'
be
presently
general
of
Federal
Consolidated
$1.37J/2
into
loan, dated April 10,
stenographic record is kept of all
proceedings of the meetings and is available to any stockholder calling
at the office.
Also last year each stockholder received a report con¬
taining information on the matters submitted at the meeting, and this
practice will be continued
stock
out
summary
comprehensive
a
a
said
gate will be
of which the $14,000,000,
$30,000,000,
will
Balance
intends to
statement
proxy
dividends of
of
tion
after the
days
30
'
The management
23
run
for redemption as of June 30, 1944, all of its
convertible preferred stock at $115 per share, plus
new
B,
will
of
owner
sending "a fair and comprehensive" sum¬
annual meeting
March
closed
which
plant,
resumed operations.
Enough sup¬
at least several weeks.—V. 159,
10
a
r.
-
The loan, which is secured
to
1445.
Cudahy Packing Co.—Registers $14,000,000
been notified
of 10 shares
has
the management
Hartford,
stock,
common
these
;
that
says
Fuller
and the ether calls for
year
mary
The
./y
statement
proxy
of
City
April
Cunard Building (25 Broadway Corp.), N. Y. City—
Mortgage Loan Placed Privately—A real estate mort¬
gage loan of $2,820,000 has been placed privately with
the New England Mutual Life Insurance Co.
advances received on contracts, $939,355; reserve
adjust, and other contingencies, $1,195,274; $3 prior pref.
$3,198,500; common stock <263,437 shares
$790,311; capital surplus,- $1,908,731; earned surplus, $2,040,-
total, $21,285,316—V. 159, p.
'
of business June 30,
$85,940;
par),
from
past six years.
The
accrued
Ehare
property, plant and
patent rights, $1; prepaid
(63,970 shares no part,
826;
"/'•
Co.—Reopens Plant—
Kansas
on
assured for
outstanding 5V2%
payable, $6,000,000; accounts payable, $4,815,408;
capital stock taxes accrued, $130,124; royalties
accrued, $112,149; interest accrued, $18,699; Federal and States taxes
on
income—estimated
(less V. 8. Treasury notes—tax series of $5.r
600,000),
in 1942.—
3,442,488 shares
The company has called
Treasury
Federal
company
•
statement says the meeting will vote upon the election of
The management will ask ratifica¬
the appointment of Price, Waterhouse & Co. to audit accounts
year 1944.
This firm has acted in the same capacity for the
proxy
16
S.
$38,039;
and
available
April 10 started to mail to stockholders notice of
to be held at its offices, 4 Irving Place, New York
on
meeting
North
Cuban American Sugar
Company reports 1943 profits, after taxes and including the benefits
kwh. for the corresponding
company's
1350,
p.
Liabilities—Notes
local
1943 and
1445.
p.
$3.18
-
:
1943
Sheet, Dec. 31,
U.
$3,054,502; patents and
total, $21,235,316.
(net),
insurance,
Michigan
The company on
Annual
$2.33
in
Consolidated Edison Co. of New York, Inc.—Output—
of
$1,050,457
$820,011
$3.14
$5,139,115; investments and other assets, $781,010;
of
170,100.000
159,
because of lack of corn,
notes, tax series (amount
not deducted Irom liability for Federal taxes on income i, $3,520,000;
notes
and
accounts
receivable
(net), $4,707,007;
inventories (net).
107.
p.
$1,025,997
Balance
the above profit and 'loss accounts and
to finished inventory for depreciation and depletion were as follows;
3 months ended March 31, 1942, $46,362; 1943, $46,331; 1944, $44,303.—
Note—Ctfarges included
shares in 1942; 32,506 shares of no par $7 cumu¬
stock in 1943. and 38,637 shares in 1942, and 3,457.676
Corn Products Refining:
70,000
305,275
820,000
surplus-
to
$4,045,642;
Assets—Cash,
Inc.,
♦Including
for de¬
tAfter reserve
$196,250.
683:779
of no par common stock in
The
share——
transferred
Earnings per common
000;
Fed,
for
prov.
*$130,590
miscellaneous
V,
post-war
Proceeds
profits on sales
Gross
and
1943
plies were reported
istered
$37,889
shipments
of
1,610,000
has registered $14,000,000 first mortgage stoking fund
3%, due May 1, 1964, with the Securities and Ex¬
change Commission.
The indenture under which the bonds will be
issued will limit the principal amount of bonds outstanding at any
$522,977
$494,991
$304,082
allow..
gocds sold, incl. freight on
notes
The company
1943
1944
Ended March 31—
sales, less discts. and
S.-tax
U.
lative preferred
shares
5,185,000
other
bonds,
-Earnings—
Consolidated Cement Corp
3 Months
Gross
in
.
for post-war
#
condensed statement of income account is furnished to
you by American Water Works and Electric Company, Inc,i in response
to your request and not in connection with any sale or offer to sell
or
solicltat.on of an oJer to buy any securities.
More detailed in¬
formation with respect thereto will be furnished on request.—V. 158,
above
The
•
7,030,997
profit
and
'
income
on
Net
and-
income
on
"
*
charge
special
Taxes
taxes
5,300
—.
and taxes*..
and retirements-—
of property account adjustments..
ma nt.
disc., premium (net;
expense, etc., of subsidiaries
Preferred dividends of subsidiaries.———-
'
—
before
1943
"
orders
sales
Profit
$6,312,099
3,230,136
deprec.
amort,
Int.,
Net
1942
$6,471,924
earnings
Oper.
Amort,
Unfilled
Provision
12 Mos. Ended Dec, 31—
less
preciation of $15,862,817 in 1913 and $15,789,208 in 1942.
iReprer
sented by 689,854 no par shares of $3 cumulative prior preferred stock
1942
1941
$44,896,887 $52,279,817 $25,429,714
43,238,730
28,564,702 14,067,527
Calendar Years—
-Income Ac-
Subs.)
Community Water Service Co. (&
^
,
weekly kilowatt hour output of
corporation adjusted to show
The
of
<*Reserve
,
Cooper-Bessemer Corp.—Earnings—
Corp.—Weekly Output
Commonwealth & Southern
Monday, April 17, 1944*
CHRONICLE
THE COMMERCIAL & FINANCIAL
1552
a
states:
transportation
for many
years.
"The
service
proposed merger will
to the public vhi"h
No other railroad sought tb be
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
included in the transaction, nor does it appear
the
or
of
interests
other
carriers
in
the
Duluth Missabe
that the public Interest
territoiy
would
affected.
be
made, the interests
of employees will not be adversely affected,
ho increases in fixed
charges will result, and the assumption of payment of fixed charges is
not inconsistent with the public interest.
Furthermore, the .simplifica¬
tion of the Delaware company's corporate structure will effect sub-,
stantial admihistrative savings."
The merger plans provide for purchase by the D. L. & W. of the
New
York company's capital
stock, with the holders of the stock
receiving for each share held $60 of the new first and refunding 5%,
bonds; $40 of income bends,'and a cash sum representing certain un¬
paid rental under the existing lease agreement between the two roads.
The D. L. & W. already has reached an accord with a substantial
percentage of the stockholders of the New York company and as soon
as the
plan is approved by the ICC it will seek formal assents from
Iron
&
Range Ry.—Annual Report-
Calendar Years—
Since no change in the methods of operation will be
Operating
? Ma int.
1943
revenues
of
of
All
other
Net
operating
Railway
...
income
for- Federal
7,909,548
5,999,320
734,809
459,736
9,558,080
Cr316,654
;
15,093,175
stock of
The
of the stock before making the
at least 90%
of
hclders
Pennsylvania
the
Joint"facility rents (net)_'__I____„
The
D.
&
L.
W.
involved
is
now
Federal
in
property tax suits in which it faced,
Jersey
tential, liability
of
The
$18,134,750.
income
tax
and
pending
and
merger
Fixed
announced
that
Manager,
mile)
March;
(carrying one passenger one
for January, February, and
12,607,089
of 42.3%.
Mail
.
and
(carrying
Mail
pound
miles
46.3%.
far this
in 1943,
pound miles so
with 45,555,799
Express
compared
734.
p.
sharply.
mounted
pound one mile) totaled 389,732,514 for the first three
against 266,432,889 for the same period last year, an
1944,
of
increase
volume also
express
one
of
months
■
.
year
an
have totaled 58,619,360, as
increase of 28.7%.—V. 159,
,
Derby Oil & Refining: Corp.—Earnings Up, Etc.
—
quarter of 1944 after taxes will be "slightly
above the same period last year," E. Wasser, Vice-President, declared
at the annual meeting, held last week.
In the March quarter of 1943
for
Earnings
$88,824
:
$60,900, %
earned.
was
the
For
first
the
first
months
two
this
of
net
year
earnings
were
against $49,400 in the same two months a year ago, he said.
To a
stockholder's question as to what plans the management
quickly as we can."
He added that it is planned to make a fair pay¬
or complete payment of arrears
this year.
"Whenever the board feels that we can borrow enough monev out
ment
much, we will probably call the
preferred stock," said Mr. Fisher.
"The object is to get rid of the
preferred stock entirely as soon as we can."surplus without borrowing too
our
To
/
Pay $6
Share
per
accumulations
of
the
on
cumulative
$4
convertible
preferred
stock,
no
1 to holders of record May 18.
A payment
made on this issue March 15, last.
Payments
value, payable June
par
$4
last year
and
share
per
were
Dec.
15,
was
follows:
as
preferred stock after payment of the March 15,
dividend amounted to $23 per share.—V. 159, p. 934.
The
the
the company to modify $1,000,000 of
first and refunding mortgage gold bonds, series A, so as to change the
designation thereof to first-mortgage 4% bends, series A, reduce the
rate of interest thereon from 5 to 4%
per annum, advance the ma¬
turity date/ from Jan. 1, 1981, to Jan. 1, 1967, and modify the sinkingfund and Redemption features and certain other provisions thereof in
conformity with the existing mortgage as modified by a first supple¬
mental indenture dated Oct. 1, 1941.—V. 159, p. 1350.
ICC
Diamond Shoe Corp. (& Subs.)—Earns. Per Share Up
Calendar Years—
1943
,
Earnings per share
:
mon stock
additional
_______
post-war
Notes—In
vertible
$1.71
transactions.
tAfter deducting an
of $100,000.
JAfter setting up a post-war
reserve
'-V
addition
5%
paid
regular dividends on the
to
stock,
preferred
$1.75
___.
cents
70
share
a
was
cumulative con¬
the common
,
$8,556,829, compared with $8,121,015 in
1942.
A. S. Beck stores in operation, located in 56 cities in 12 States,
"numbered 108. the same as in 1942.
The company is continuing to
and
acquire
Sales
;
to
desirable
locations
shoes
through
acquired
company
ooerated
were
for
when
expansion
for
factories
Six
women's
and
said
shows
sheet
Balance
$2,049,902
A.
Beck
S.
purchase
1943,
producing
During the year the
factory
a
restrictions
building
during
stores.
to
produce
in
was
total
of
which
S. Treasury tax notes, as
in U.
and $200,000
cash
assets
current
$8,790,720,
of
against current liabilities of $3,400,850,
All bank loans were completely paid off during 1943.-.
of
Including
Corporation,
•
sales
of
the
on
record
declared
have
common
April
stock,
no
A similar
20.
quarterly
a
value,
par
distribute
Dividends pa;d during 1943 were as follows:
each:
15
1,
Aug. 2, 15 cents; Nov.
cents.—V. 159, p. 1038.
Diana Stores
Pales
of
Shoe Stores
1944—3 Mos.—1943
$6,284,968
$6,277„836
20
cents;
dividend of 20 cents per
payable May 1 to holders
was made on Feb. 1, last."
Feb. 1 and May 1, 10 cents
and Dec. 10, an extra of
etc., amounting to
1249.
p.
currently running 12%,
the same as
to 15%
ahead of the corresponding
he
stated
not
.
\
.
■
'
•
$4,198,360
the
For
159,
(value of)-—
quarter
.
'
ment.
In
the
for
now progressing
at the rate of approximately
with almost all being carried on for the Govern¬
$14,600,000 was expended on new construction on the
1943
others."—V.
and
Government
Duro Test Corp.—New
% Donald
159,
A
dividend
A
p.
Depreciation
116,579
110,111
1,164,826
1,144,395
152,598
132,290
1,634,505
1,628,884
..
_
12.836
Other
839
46,112
103,435
$297,398
$287,958
$2,567,196
$2,720,431
and devel. costs
Explor.
3,592
13,504
28,866
41,382
$300,991
$301,461
$2,596,062
$2,761,813
29,600
32,848
370,466
402,907
733
788
9,126
14,293
154
412
12,560
75,121
$270,503
$267,414
$2,203,889
$2,269,492
8,632
8,632
103,579
103,579
income
Gross
income
Interest
debt
of
dscount
expense
Miscell.
Net
Pfd.
income
deduct..
income
div.
stock
require.
for
Note—Provision
is
.
$261,872
$258,782
$2,100,310
$2,165,913
Federal income tax, surtax and excess profits
Balance
tax
follows:
as
,
Fed,
income and
Fed.
excess
surtax
$105,623
$91,582
17,595
22,738
$1,109,290
220,474
$1,176,385
profits* tax_
$123,218
$114,320
$1,329,764
$1,362,744
Totals
186,359
159, pp. 1146, 934, 214.
Elliott
Co.—Registrar Appointed—
Guaranty
the
for
1944—12 Mos.—1943
1944—Month—1943
Period Ended Jan 31—
—V.
242,953
V. Engineers Public Service Co.
___
$5,C09,113
Operation
Other
1944—12 Mos.—1943
368,833
$52,528,477
18,554,547
2.517.110
3,884,466
296,867
444,465
;____
451,019
5,391,750
5,275.063
991,173
990,081
12,308,340
10,055,336
404,515
381,874
4,764,963
4,393,161
$941,047
$916,346
$11,634,921
7,643
Dr2,155
150,736
$10,733,260
Dr318.488
$948,690
$914,191
313,016
317,009
3,863,187
3,786,145
$635,674
$597,182
L__
$7,922,471
2,144,611
$6,628,627
2,144,611
$5,777,860
Depreciation
Federal
(& Subs.)—Earnings—
$4,603,999 $60,338,302
1,567,812
22,353,862
1,859,080
Maintenance
stock.—V.^l_9, p. 1351.
1944—Month—1943
Period End. February—
revenues
appointed registrar
of New York has been
Trust Co.
5Va%/cumulative convertible preferred
income
taxes__
taxes
Other income
(net)
Balance
Interest
amortization
&
$11,785,657 $10,414,772
1038.
p.
has
Vice-President—
____________
dividend
Preferred
requirements
been
appointed Vice-President in charge of
manufacturing and engineering.
He was formerly Vice-President and
Chief Engineer of Alfred Hofmann Co.—V. 159, p. 1350.
G.
Trutner
East Kootenay
Gross
$53,845 ~
,,29.823?
$60,743
expenses
41,189
___
(No.
Sought—
earnings
Net
—V.
159,
of
Feb., '44
$446,468
$460,225
121/? cents
par
$1,
per
May
1
to
$19,554
_______
•
$677,721
280.939
$694,148
317,799
$24,022
$4,464,778
above:
Preferred dividends declared__L
t
70,440
::
company,
$6,112,215
subsidiary of the Consolidated Natural Gas Co., has
a
of the Exchange of certain of its properties and assets
for properties and assets of the Ohio Fuel Gas Co., a subsidiary of
Columbia Gas & Electric Co., located in the Stark-Summit gas field in
Ohio.-
1
456,903
Ohio
Divs.
on
Balance for common stock__
receive
will
Co.
all
Ohio
Fuel
Gas
Co.'s
natural
—V.
$3,399,228
elsewhere in Ohio, as well as $89,997 in cash.
Ohio has sought to bring about this exchange in order that it*
acquire the complete ownership of the Stark-Summit field neces¬
to convert the field into a storage operation.—V. 157, p. 602.
East
$1.09
RR.—Studying Plan to Acquire Some Preferred
The
possibility that this company may retire some of its preferred
voiced bv Robert E. Woodruff,
President, at the annual
meeting of stackholders held on April 11.
He added, however, that
the directors have not yet decided upon the 1944 debt reduction policy.
"Under the present tax law, I doubt that we can earn $2 a share
on the common stock this year," Mr. Woodruff said.
Last year, $3.13
a
share was earned on the common stock.
He stated that the new
tax bill will decrease net income $1,600,000.
Last year the tax bill
stock
was
amounted
Eastern
Offices, Inc.
(The Graybar Building), N. Y.
Bonds—
City—To Redeem Series A 5%
of the outstanding
first mortgage leasehold sinking fund 5%
gold
bonds, series A, due June 1, 1946, have been called for redemption as
June 1, 1944, at 100 and interest.
Payment will be made at The
Chase National Bank of the City of New York, trustee, 11 Broad St.,
of
New
$2,083 528
$1.78
^
1351.
159, p.
Erie
gas
assets located
All
$4,339,612
2,256,084
Earnings per share of common stock-_________
agreement reached between the two operating companies,
Gas
operating lease holds, mineral rights, and right, title and in¬
terest in gas purchase contracts located in the Stark-Summit gas field
in Ohio, as well as some other assets of Ohio Fuel located in the field.
In return East Ohio will transfer to Ohio Fuel similar properties and
wells,
sary
435.489
$5,655,312
2,256,084
applic. to stocks of Eng. P. S. Co.__
pfd. stock of Eng. P. S. Co
•
East
may
$4,775,101
;
Exchange Properties—
application with the Securities and Exchange Commission seek¬
an
196,673
' 49,999
:
Total
approval
ing
49,999
63,650
227,385
.-Interest
$396,782
$376,349
V
1146,
p.
East Ohio Gas Co.—To
filed
York, N. Y.—V. 132, p. 4419.
Eastern
Lines,
Steamship
Inc.—To
Cancel
Treasury
$11.02
to
a
share.
common
in the first three months
in the 1943 months, expenses higher
lower, the decline having resulted al¬
wage and fuel costs.
The company's equipment is in good shape, he said.
In 1943, about
70% of desired rail was received, with prospects that more than this
will be received this year.
Deferred maintenance was $891,000 last
ye^r, and will be somewhat less this year.
The six 5.400-h.p, diesel freight locomotives ordered a year ago are
expected to be delivered in October and November.—V. 159, p. 1446.
Mr. Woodruff estimated that gross revenues
of
1944
10.8%
were
higher than
by 21.4%, and net income 23%
most entirely from increases in
Stock and Increase Stated Value of Preferred Shares—
the
At
annual
meeting
will vote,
of
among
value of the convertible
preferred stock from $5 per share to $50 per share.
In
the proxy
statement the company states that the Transport
Trading & Terminal Corp., a wholly-owned subsidiary of AmericanHawaiian Steamship Co., is beneficial owner of 86,070 shares of Eastern
Steamship common stock and 4,020 shares of preferred.
AmericanHawaiian itself is beneficial owner of 5,000 shares of preferred stock.—
V.
upon
158,
p.
Esquire, Inc.—Larger Distribution—
stockholders to be held on April 20 the
other things, upon cancelling 482 shares
preferred stock heretofore purchased by the corporation
convertible
and
approving an increase in the stated
1131.
dividend
A
week ended April 6,
Input—
companies
—V.
158,
operat¬
1944, the system inputs of client
'
during 1943 were as follows;
—Thousands of
25
cents
ner
share has been
declared
on
the common
April 14.
Oct.
12,
Distribu¬
last year.
1277.
p.
Fairchild Camera & Instrument Corp.—Sales Up—
of
Eecause
accounting
problems
resulting
from
protracted
labor
will
negotiations and renegotiation proceedings financial statements
not be ready in time for the regular annual meeting on April 18,
to James S.
Operations
p.
are
keep
to
cient
were
Ogsbury, President.
ac¬
Stockholders will be advised
the report will be available.
when
of
of
stock, par $1, payable April 21 to holders of record
20 cents each were made on April 22 and
tions of
cording
Ebasco Services Inc.—Weekly
&
Power
National
proceeding satisfactorily, with unfilled orders suffi¬
busy for some months to come.
Sales in 1943
$52,056,000 against $17,727,000 in 1942.—V. 159,
plants
approximately
1446.
-
,
Kilowatt-Hours—
Power
Airplane Corp.—Adjourns Meeting
Fairchild Engine &
10.7
6.2
20.2
89,528
84.320
5,208
Co.
111,220
92,511
18,709
Light
Electric Bond & Share Co.—Retiring Preferred
It
$6
is announced
preferred
Stocks
that this company is continuing to retire its $5 and
stocks
through open market purchases.
0^0,000
a
purchase fund
ferred
stock
Marrh
fi.
$9,200,000
authorized by the SEC
Among
the
15,455
were
purchased with
purchases.
S.S'H
which
shares
the company
in July,
shares
part
has been authorized
J.
in
1943
Ward,
Carlton
annual
the
renegotiation
the
were
Jr.,
meeting
company
double those for 1942, according to
In a letter to stockholders he said
for April 26 would be adjourned until
than
President.
more
scheduled
proceedings were further advanced.
Mr. Ward said
had received substantial cancellations of its primary
airplane and Ranger engine contracts during the first quarter
1944 but that
unfilled orders cn March 31,-1944,
amounted to
trainer
of
approximately $165,000,000, compared with about $140,000,000
31, 1942.
An accurate determination of earnings must
contract renegotiation, he indicated.—V. 159, p. 549.
Dec,
as
of
await
At the close of
had outstanding 1,143,200 combined senior shares.
reduction of 15,455 shares since March 6 and a total
reduction of 52,2*4 shares since Jan. 7.
As of March 25 the company had exoended the balance of the $15,represented
Sales
Pet.
17,216
160,186
Corp.
Light
&
Amount
1943
1944
177,402
not include the system Inputs of any companies
not appearing in both periods.—V. 159, p. 1446.
•
$501,008
holders of record
1, last.—V. 150,
Like amounts were paid on Feb. 1 and Nov.
349.
$5,764,391
subsidiary
from
deductions
as
Balance
Mar.. '43
share has been declared on the
payable
Pub. Serv. Co./___
companies, included
Balance applicable to Eng.
Earnings
business cn April 4 it
3)
$4,484,016
19,239
Expenses, taxes and interest-|
Electric
above.—V. 159, p. 1038.
ended March 31, 1944, production was valued at
with $1,507,229 in the same period last year.
stock,
13,470
Earnings from other sources
Operating Subs, of—
Power & Light Co.
Industries, Inc.—12 V2-Cent Distribution—
common
Amount
1944—11 Mos.—1943
1944—Month—1943
earnings
Operating
applicable to minority interests_—___
Balance
Power Co.—Earnings-
Period Ended Feb.—
American
1038.
Domestic
April 24.
302,809
Balance
This
class
19,853
Net oper. revenues.
is
company's own plants ana $192,200,000 was expended in building plants
.:
compared
p.
2,208,345
21,194
___
—Increase—
.
..
Mar., '44
output
$1,368,568,
$8,048,475
2,089,071
Maintenance
added.
construction
$3,182,446
Mines, Ltd.—Production Below Last Year's—
Month of—
—V.
$7,804,519
206,113
Operating
believe
1944—12 Mos.—1943
$757, lo4
1943, W. S. Carpenter, Jr., President,
did
(Del.)—
185,402
revenues
Operation
Dec. 81, 1943
and
road
in
The above figures do
Bullion
$9,919,625
$786,009
and
"
"
v
See Commercial Investment Trust Corp.
Dome
1944—3 Mos.—1943
$9,124,605
$3,672,857
1944—Month—1943
Period End. Jan. 31-
Amort,
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
1944—8 Mos.—1943
$401,106
$528,198
Doehler Die Casting Co.—Control
,
reduced
1446.
p.
1143,
p.
Operating
14,393,750
5,140,625
sale of tracks,
or
Balance Sheet,
.
Carpenter
For the
1944—Month—1943
—
.
$8,203,322 $13,561,652
last year, but sales for the entire year of 1944 are expected
stockholders
Corp.—March Sales Up 31%—
Period End. Mar. 31—
159,
retirement
on
:
Carpenter
ing
—V.
$8,652,841
___
following the annual stockholders' meeting held on April 10.
Mr.
of
Quarterly Payment of 20 Cents—
directors
share
Beck Chain
S.
A.
$2,158,101
$2,636,176
Declares
The
the
1944—Month—1943
Period End. Mar. 31—
Net
1944—Month—1943
$3,6b7,615
-
159,
were
159,
Stores, Inc.—March Sales—
Balance
that earnings in 1944
would vary materially from those of 1943, and that increased divi¬
dends from
General Motors probably
would offset any Increase in
cost during the year..
' ■" ' '
;
"Renegotiation of 1943 sales is now being undertaken, and I believe
that adequate provision has been made for it in the 1943 report,"
ladies'
.
Sales
are
6i
Mr.
handbags.
-
1,017,275
966,722
10,281,250
be approximately
took
salaries
terminated.
men's
$9,170,043 $14,578,927
du Pont de Nemours & Co.—Sales Higher—t
(E. I.)
on
r~7~
*■'
Federal income and excess profits taxes, after deducting $74,519 for
debt retirement and $7,836 for post-war credit/ amounted in 1943 to
$1,270,004, equivalent to $3.04 per share on the common stock, com¬
pared with $3.31 for the previous year and $1.49 for 1941.
are
Bros.
Sales
The
shares of com_
stock during the year.
Wages
(surplus)
loss
of loss
Under the
inter-company
of $197,930.
reserve
___
417,970
on
_____
deducting
30.353.693
$769,517
29.533.292
t782,762
__
Consolidated net income
sAft,er
1942
$41,699,233* $42,032,856
sales
sales
$9,590,733
„
funded debt, $26,718,000;
accrued taxes. $13,187,930; traffic and car-serVice balances payable,
$129,100; audited accounts and wages payable, $701,799; miscellaneous
accounts payable,
$279,862; interest matured unpaid, $2,658: unma¬
tured
interest
accrued, $227,588;
other current liabilities. $953,531;
insurance and casualty reserves, $874,830; unadjusted credits, $67,529;
capital surplus, $514,100; appropriated surplus, $2,587,105; earned sur¬
plus, $19,464,855; total, $86,271,387.—V. 159, p. 1350.
The
*Net
charges^
' •/'
\
Gross
183,025
Liabilities—Total stated capital, $20,562,500;
April 5 authorized
on
v
;
321,957
equipment, $69,163,419; deposit
with
sinking fund agent in respect of first mortgage 3 Ya %
bonds,
$651,000; miscellaneous investments, including advance to RCC, $93,779;
Cash, $9,915,651; U. S. Treasury notes, tax series, 1945 and 1946,
$3,361,008;
sundry deposits,
$142,955; net balances receivable from
agents
and conductors, $70,044;
miscellaneous accounts receivable,
$255,399; materials and supplies, $2,287,894; interest receivable, $24,560;
unadjusted debits, $305,677; total, $86,271,387.
Detroit, Toledo & Ironton RR.—Modifies Bond Issue—
;
requirements
$7.
Arrearages on
1944,
and
%
15, $2 each; July 15, $10;
Feb. 15 and May
Edison
—V.
Dividend
retirements.
the stock retirements since March 25.—V.
by
$34,529
$20,000,000 a month,
The directors have declared a dividend of $6 per share on account
of
435,997
income transferred
Assets—Investments
"New
Account of Arrearages—
on
stock
Taxes
fixed
for
income*.
paid
0Exclusive
period
had,B,
for liquidation of arrears on the preferred stock, Carl Fisher, President,
said that; the intention is to pay off the dividend arrearage "just as
of
from
$9,492,000 $14,761,962
937,892
profit
Dividends
•
,
32.5%.
of
-
to
Delta carried 32,627 revenue passengers the first quarter of 1944,
compared with 24,615 during a similar period last year, an increase
,.
as
,
8,859,600
increase
an
miles
passenger
revenue
from
rose
$10,026,729
$411,743 in 1943, $267,227 in 1942, and $126,162 in 1941.
Stanley Webber, General Traffic
April 8 by R.
on
The
Dr26 550
$9,441,861 $14,437,514
50,139
324,448
83,876
charges
to
(La.), Atlanta, Ga.—Passenger,
Mail and Express Volume Mounts—
/ C '>■%%:
-It was
deducts,
Balance of net
Air Lines Corp.
Delta
Cr41,622
Dr28,136
$9,942,853
-
__
avail,
Income
in
contemplation would settle a substantial portion of the tax controversy
and would eliminate like tax problems in the future.—V. 159, p. 1350.
income_"__
operating
Miscellaneous
New-
others
6,552,116
Cr53,614
fh-31,333
income
income
Gross
of Doc. 31, 1913, a po¬
as
railway
Ncn-cperating
[ew York company's
Sompany and will be capital stock. by the D. L. & W. along with the
taken over
■
realize from the sale of subsidiary company bonds which it
parent company still has about $8,500,000 to spend for
experts to
preferred
El Paso Natural Gas Co.
Net
plan operative.
is owned by the New York
company
remainder
-
,
'
&
Inter-company
Period End. Mar. 31—
(net)
equipment
df this, amount $5,000,000 was received from the
Foreign Power Co., a subsidiary, in part payment of the
debt to Electric Bond & Share Co., and the
represents
proceeds which
EJectric Bond
&
Share
Co.
purchases,
owns.
and
prolits taxes__________
of
3,363,181
$22,148,221 $27,744,703 $23,652,551
2,932,609
3,235,144
2,677,993
revenues...—...
accruals
tax
excess
Hire
3,052,630
4,368,623
8,233,007
_________
3,123,141
6,236,583
expenses
Provision
.
4,514,326
652,921
Transportation
stock
American
latter's
$43,880,824 $36,532,417
$41,705,459
___
____
structures.'—
equipment.^V-.v--
and
way
Maintenance
.1941
1942
1553
1943,
for pre¬
acquired
of
to
an
use
since
add'tional
in
senior
Federal. Mining &
Smelting Co.—Earnings—
1944
Quarter Ended March 31—
Net income after
fore
depletion
Earnings
per
♦Estimated
Most
all
of
the
share
figure.
1943
*$325,000
$1.32
$234,361
charges and taxes, but be¬
-
company's mines were able to operate at
a
$0.95
profit only
.
made
payments
quota output, it was stated.
of
because
premium
the Government for over-
by
159,
the
for
value
—V.
159,
Corp.—Dividends—
,
-
1352.
p.
—V.
/
,
Detroit—Official Promoted—
former Vice-President, has been promoted to Execu¬
159, p. 1039.
;
-
.
Earnings
159, p.
■
2,000
1944, for the sinking fund,
Feb. 29,
.'
preferred stock at a ccst of $200,000.
The increase for the three months in the net assets applicable to
the outstanding preferred
and common stock of company, after the
dividend of $95,000 on the preferred stock, was $1,529,012, ■ >
Net profit from the sale of securities lor the three months ended
March 31, 1944, after taxes (except Federal income tax), was $762,671/
of
which $754,495 was long term capital gains.
Net income from,
dividends and interest for the period, after all expenses and taxes
shares of
1.
;
Dividends
(except Federal income tax), was $164,953.
.
Valuing securities at bid prices, the net assets of company,;
March 31, 1944, applicable to its outstanding preferred and common
stock were $26,591,593.. This amount
(without giving effect to the
Total
$204,195
$225,005
$212,689
$288,361
expenses
39,242
83,933
76,613
162,189
etc,,
'
*$164,953;
95,000
Net income
stock
pref.
pany
year
Federal income tax has been made in, view,
to be taxed as a regulated investment com¬
and the expectation that substantially ail net income for the
from interest and dividends will be distributed.
":
/
Balance
1914
interest accrued,
_
preferred stock payable April 1, 1944,
Liabilities—Dividend on
$93,v
payable for securities purchased, $27,017; reserve for taxes, etc.,
$36,000; $6 cumulative preferred stock (par $50), $3,100,000; common
shares no par), $1,300,220; capital surplus, $13,769,944;
securities sold less dividends paid therefrom, $944,353; un¬
distributed income, $416,444;
total, $19,686,979.—V. 159, p. '841.
stock (1,300,220
profit
Corp.—Output At Peak—
General Cable
This
12 Months Ended Dec. 31—
facilities, Dwight R. G.
ing on April
'
12.
likely
the" present high rate of production will be mainMr. Palmer said; however, he was,n<%(pessimistic
with respect to such business volume. -.
V Output how is at peak, with the company supplying wire and cable
for all purposes to the
Navy, War Department, the Maritime Com¬
mission, and for lend-lease, and no reduction -appears imminent, Mr.
Palmer stated.—V. 159, p, 1250.
.
,
.
.It
not
is
tained after, the war,
"
.
General Foods Corp.—First Quarter Sales
"
,
:'b-
:
"
earnings
Gross
.
Operating expenses, maintenance and taxes—
Provision for depreciation and .retirements—^--
Minority
Int.
amort,
and
premium
disct.,
debt
of
,.
>•
*.
'
held
to stockholders at their annual
Chairman, predicted
April 12.
Francis,
on
meeting
V.-...
•
■/•.
stimulate and encour¬
be necessary in order to
"These reductions will
which in turn create jobs." Mr.
encouraged to buy and invest,
Just
as
reduced prices
stimulate purchasing, so will reduced taxes
Increase buying power and stimulate production.
.
,
:
v,
"Taxes are high now, due to war-time necessity.
Continuation after
the war of present taxes and policies would act only as a retarding
influence.
Public opinion is becoming aware of this condition, and I
believe it will demand,
in peace times, a tax structure .which will
stimulate rather than stifle initiative, risk taking, and production."
"First quarter sales
volume showed a 12% gain over a year ago
and earnings for the period will approximate 66 cents a share," said
Mr. Francis.—Vv159, p. 1147.
'
•
•
•
<
age
markets,
create
demand—to
"Individuals
said.
Francis
must
be
•
f
Stockholders—
General Motors Corp.—Has More
corporation announces that the total number of General Motors
and preferred, stockholders for the first quarter of 1944 was
The
common
of 1913, and
quarter total
"
"
"
423,780,~ compared with 421,945--for-tho -fourth quarter
with 414,184 for the first quarter of 1943.
The 1944 first
the highest in
Is
There
history.
holders
402.155
were
represents
21,625
of
and
stock
common
the balance of
V.
1352.
-
•
undistributed
Service Corp.—Income Statement1944
Total
Taxes
■
Deb. int. & taxes pay.
Net loss
under deb. indenture
(excl. of security profits or losses)
—
615
the
$6,711
Comparative Balance Sheet
Total
in
Dec, 31, '43
$4,052,494
banks
on
hand
354,968
Dividends
&
bus
(less
equip,
deprec.)
a
limited
;
.-
Net
operating
Other
revenue-.,.—i,;;-
income
Total
^
Interest
r_—_
of
Amortization
for
intangible
property
post-war extraord.
exp,__
the portion
1942
'
,1941
$56,995,606 $43,419,806 $16,666,400
786,346
v 538,543
1,114,807
276,483
568,554
1,225,981.
72,722-
deductions
Other
2,73'4
Federal
income
Federal
excess
1,284
State
$4,378,699
iilcome
Accounts
payable
Debenture
Taxes
div.
series
accrued
$5.50 div.
Common
Capital
Earned
surplus
(10c
1953
shares,
"
r
__
.
5'/.
(12 438
series pfd. stkstock
2,778
—
stk
—_
no
par)
(200 shrs. no par)
par)
.__
1
surplus
$6,251
taxes—1
profits
568,066
569,029
—
200,748
76,077
-
$41,694,674:$16,660.842
5,722,674
-6,196,425
4,767.718
——
tax__134,523,196 123,220,566
taxes—
—
income
income
—
applicable
to
subs,
consol.
held
°Net
r
2,572
income
applicable
of
1,575
'
2,000,000
by
stock
969,560
1,635,185
- -1
137,533,646 115,783,284
"
'
1
11,687,529
8,900,590
32,535
45,940,089
32,390,099
payable (equipment—
.
j,
'
"
414,920
Equipment and other long-term obligations
162,878
227,890
2,475,148
2,216,459
extraordinary expense-
2,443,731
Reserve
for
injuries and damages
for
post-war
393,842
3,227,070
stock
24,118^120
31,385,635
——
137,533,646 115,783,284
Total
-Condensed
Dec,
Balance Sheet,
Comparative
Assets—
31
:
-f3943
'
V
cash
•Temporary
investments
(U.
-.u-, .V;,.-•
3,616,830 / 2,003.480
544,842:-.v ^-. 879,118
Treasury
S.
tax notes)
______
Accounts and notes receivable——_
supplies
Material
and
Tangible
property
—
—.V
7
Investments and advances (net)
Deferred
126;253
122,333
1,828,875/2,235,130
102,745?
.105,078
29,844.578 27,713,522
514,920
14,920
142,230 - : 135,214
.
(net__wl—
Intangible property (net)
Special funds
'
1942
$3,302,530
$3,156,488
Cash
'
18,309,102
3,227,070
..
Earned surplus
'
3,227,130
18,309,102
c
stock___--__—
Common
.Preferred
1
15,849,519
together
held by public,
portion of surplus—
51/tr/c, preference stock
__1
.'•.with related
\
1,6~12~516
17,441,331
reserves
Capital stock of subs,
:
467.129
7,891,994
_—
credits
Reserve
Other
540,202
588,577
3,063,794
payable
'
__l_—
charges
,,
,:i 'Liabilities—
Accounts
Accrued
;V
?;■
.
$39,877,762 $36,511,326
'C77
•:'.7;
:•
$768,509
$519,015
4,056,202
2.596,953
payable
___:
taxes
17,113
credits
for
Reserve for
Other
stock
738,862
844,663
'
46,597
126,800
<
•*"
179"748
108,348
3,227,070
,_L—_
3,227,130
18,309,102
18,309,102
13,014,985
—
—
Earned .surplus.,
10,903.781
$39,877,762 $36,511,326
Debenture Issue-
Plans
Thefcorporation has filed
an
application with Interstate Commerce
authority to issue $10,000,000 in 3% sinking fund
purpose of
providing additional working capital
and furnishing funds for other requirements.
; ■
^
;
In
a
second
application, corporation sought permission to; issue
also 50,000 shares of 4>/2% cumulative preferred stock so as to pro¬
vide funds for
redemption of 5xk%- preference stock and to meet
other requirements. •
'
•■■ ;
■•"'.'.• ••',
:■•••.
/.>
■
The 50,000 shares would be
sold for not less than $100 a share;
Commission
asking
the
for
debentures
•-
$3,349,777 would be used to redeem outstanding 5 Vz % prefer¬
and $1,350,000 would be used to buy outstanding stock of
Coach Lines if a pending application is approved by
to
Up
stock
ence
the- Penn-Ohio
the
\:
ICC.
the $10,000,000 debentures would be used partly
in its present and future subsidiaries by
making advances to them on open account or by purchasing addi¬
tional stock or other securities issued by them,
\ >
The corporation had unused excess profits tax credits which were
used in 1942 and 1943.
No similar credits will be available in 1944.
—V. 159, p. 550.
V- '
The
to
said
petition
investments
increase
.
Gulf, Mobile & Ohio RR.—New Director—
Assistant to
White,
Vulver
a
director.-—V.
new
159,
p.
President I. B. ^igrett, has been named
1353.
-
Gulf Power Co.—Earnings—
1944—Month—1943
Period End. Feb.—
Operating
Prov.
$3,917,111
$2,973,443
120,213
2,106,311
1,337,039
24,000
deprec.
$300,814
172,999
expenses
for
1944—12 Mos.—1943
$365,504
Gross, revenue
18,750
283,500
225,000
(261,299
277,349
j179,589
(531,265
459,265
$551,075
]
Federal income taxes—)Fed. excess profits tax_J
117,347
income
$51,157
$55,068
$555,147
12,290
14,547
167,901
166.741
$38,868
$40,522
$387,245
$384,334
taxes
_
.
..
.
106,783
173,715
'
341,661
Gross
•
3,110,851
158,777
203,567
and
other
—:
deducs._
$9,247,579
$14,547,680 $11,538,821
3,785,211
'515,042
46,650
I
stock
preference
Common
.
injuries and damages
post-war extraordinary expense-
reserves
%
5 V2
■v:
10.390
44,205
other long-term obligations-
Equipment and
2,303,884
of
public-—
66,989
932,850
15,000
66,989
1,236,654
146,113
1.236,654
.""118,384
$4,428,873
$4,378,699
Greyhound
mon
stock
'
2,717,981
to
stock
Net
Divs.
income
on
5,513
5,513
66,156
66,156
$33,355
pref. stock
Balance
$10,762,469
of
$8,427,971'- $6,529,597
com-
$35,009
$321,089
$318,178
$2.28
profit
Earnings per share
Inc.,-50% of voting stock
of which is owned by Greyhound
...
,
823,191 ""
•
.
828,052
,
609,828
•After
common
1943
1942
1941
$101,324
$131,900
$120,215
JS0.26
t$0.29
t$0.41
t$0.36
Federal income taxes, etc.
tOn 252,172 shares of
+On 254,172 shares of common stock.—V. 159, p. 736.
•
interest,
stock.
.*
1944
$94,179
•Net
Greyhound
Lines,
Corp.
(Walter E.) Heller & Co. (& Subs.)-—EarningsQuarter End. Mar. 31—
net income ap¬
Penn.
V.-159, p. 638.
-
$2.96
$3.80
....
•Includes equity In
plicable
to
Corp.-
tAmount earned per share
2,000.000
932,850
15,000
.
Total
30,258,908
(net)
advances—
25,000
,
-
pfd.
$1,915
_
interest
accrued
Unadjusted credits
Convertible-debentures,
S6
Net
Net
Liabilities—
3,407,742
charges! —_:i„1,892,421
Deferred
Int.
$4,428,873
799,404
7,319,241
4,111,323
Advances
351,551
400,818
1,217,750
-
before income taxes—■ $55,638,212
7,337
'
6,052,389
General
Net income
$
35,884.162
25,641,750
$57,781,952 $43,958,349 $17,781,208
income
1942
10,307,565
221,355
Other accruals
$197,532
329,946,121 311,541,195 258,467,017
$148,820,216$121,978,858 $76,876,823
83,916,081 70,549,019 52,662,615
7,908,529
8,010,033 - 7,547,807
—
/ ;
.
14,097,243
and
Accrued taxes
.
.
of buses during 1944 for the
said.
The Greyhound companies
delivery of which is subject to ODT
——
:
.
.
,
3,468,538
—1
—
number
.Operating expenses
Depreciation
__I
1,284
—
Total
supplies
Accounts payable
' 1943
V -1942
j
$1,292,032 $1,269,691
, ,
676,057
669,992
82,894 t' V 69,954
1943
operated—
revenues
.
41,120,548 --23,765.786
Liabilities—'
Ac.^--
,
miles
.
—7,369,688
investments—__________
Total
metal
..Consolidated Income Statement
,
the
25,131,207
Deferred
and
for
operating
bus
a
$
and
Deferred
;
Wickman
Mr.
Calendar Years—
9,798
receivable-"
int.
of
industry.
placed orders for 672 buses,
10,323
—
accrued
taxes
approval.
292,832
——
receivable
Accounts
Office
and
companies
1943
Special funds
•
$4,074,509
Investments
Cash
profits
excess
manufacture
have
Prov,
Mar. 21, '44
Assets—
and
income
entire
29,940
$475
—.
associated
9,862,418
applicable to minority interests in subsidiaries.
11,836
25,022
—
__
the
of
Intangible property (net)—_
of net income
Such net income was
equivalent, after preference stock dividends, to $3.80 * a share
on
2,784,353 shares of common stock outstanding and compares with pet
income for the preceding year of $8,427,971, equivalent after, prefer¬
ence stock dividends to $2.96 a share on 2,790,144
average shares out¬
standing in .1942...
\
.V'.'.
A:
Consolidated operating revenues of the Greyhound Lines again showed
a
large increase over the preceding year,, the total for 1943 reaching
$148,820,216, compared with $121,978,858 for 1942, a gain of 22%,
C. E. Wickman, President/ told stockholders.
Passengers reached the -•
total Of 164,429,540.
V
-yvy.;
•
The Greyhound companies were able to procure only 66 new buses
in 1943, in addition to tractor-trailer equipment converted into buses
for
local service, bringing
the total number of buses owned as oj
Dec. 31, 1943,
to 4,034.
The War Production Board has authorized
eral
1942
in
Investments
$35,680
10,599
6.92
i
general expenses
1943
$35,838
Quarter Ended March 31—
Income
income
Condensed Consolidated Balance Sheet, Dec. 31
>
Tangible property
[■'.
./V;-'-
2046.
p.
Operating'
General Public
net
Lines,
Inc., was liquidated and became
of The Greyhound Corp. as of Dec. 31,
1941.
Accounts
88,358
9,107
• •' •' •'
•'
„228,293-.i-? 234,745
$4,578,708
years.
Teche
Material
:
——$210,325
income-
158,
Bus
*
' $5,023,542
•
Accounts and notes receivable
,
holders of preferred, stock.
These figures compare
stockholders and 21,545 preferred for the fourth'
1943.—V. 159, p.
$5,565,222
,
Greyhound Corp.—1943 Annual Report— : /"V' y'
In the annual report to stockholders for 1943, the corporation re- f.
ports
consolidated net income of
$10,762,469, after deducting all
.charges including reserve for extraordinary post-war expenses, Fed«i_
with 400.400 common
quarter of
101,000
.
547
;r
226~400
930,400
*1,447,700
Other accruals
Net
Volume Up
present tax rates after the war, Clarence
641,000
*2,894,000
tax
S, Treasury - tax
Other temporary cash
■
There will be reductions in
■
taxes
110,582
profit
81,632
(1); The above statement does not reflect corporation's equity
Reserve
12%—
income
taxes-.
-
.
(net 1
of Greenwich Water System, Inc
and expense
;
364
■.Assets—
988,405
,
C
85,032
———-J-,9,369
interest-
"90,088
2,780
6,709
17,695
90,005
'T--v" >.r'..
Interest,''■ amortization' of debt disct., premium
>; (net), and expense, etc., of subsidiaries—'—
.
'
r
!
;:'l
Count—
studying post-war utilization of its plants and
Palmer, President, stated at the annual meet:
is
company
;
$4,893,449
post-war, credit ■ of $321,000 in 1943 and $159,000
availed of through debt retirement,
\
' :
division
434,317
,
•'V Greenwich Water System, Inc. (& Subs.)—Income
'
$7,610,787
was
the
;
$4,^62,820; total, $65,569,636.-^V. -157, p.. 2252.
taxes, $139,081; surplus,
on
$4,893,043
property.—
income
(2)
;
,
000;
$7,610,787
$9,304,592
intangible
respective
$7,024,861
4,037,122
water rights and lands for
mining claim?,
$5,198,305
305,762
$9,304,592
-
—
excess
After
in
provided by U. S.-Government:,
and development of metal pro¬
ducing
facilities, expended or on hand,
$10,473,348; 'is development
charges,- $287,436; prepaid expenses, $11,250; supplies on hand
(at
cost), $721,904; metals (in process), $147,858; metals (finished), $698,996; receivable from affiliates, $321,949; accounts receivable, $23,306;
U. S. Government- securities (at cost), $1,750,000; cash, $3,055,894; ac-.
counts receivable (not current)
$12,994; total, $65,569,536.
' W- '*'•
Liabilities—Capital stock (par $100), $50,000,000;-, capital stock and
surplus of subsidiary company owned by minority interest, $2,170^,:
Mexican legal reserve, $4,000; advances by U. S,- Government agency
with respect to construction and development, of metal-producing fa¬
cilities, $10,473,348; accounts and wages payable, $188,116;. accrued
agency
receivable for securities sold, $89,036;
etc., $55,510; securities, at cost,
total, $19,686,979.
'
'
*
$17,828,046;
Sheet,
Balance
344,661
405
income
which
investments, $150,348; funds
with respect to construction
677,823;
$1,714,386/
Assets— Cash,
dividends receivable,
'
Sheet, March 31,
*
producing plants, $45,236,430; buildings and machinery at mines/re¬
duction works, etc, (less reserve for depreciation of $5,809,660u ;$2,- ,-,
■
.
and
Assets—Mines
.-t'
Dec., 31, 1948
$7,955,449
1,003
of
'Net
'
1
•
7.5-
11,854
351,597
!
income
Federal
and intercompany profits, -.where these
eliminated in the consolidated income
sales
;
Consolidated
company's election
the
State
have been
material,
are
account.
88,251
3,556,205
-
$9,656,189
————.
Interest
$1,564,471
'1,499,973
r--r/
——
67,362
33,068
4,599,137
?raS«
U.
/"V'
-
—
share--.
per
Note-—Intercompany
latter
provision for
Note—No
of
V
\
surplus.
—__:
Earnings
$5,119,589
75,334
•
Lines—
■.Other 'expenses-:
Provision for Federal
;
■
$394,725
999,982
,
$4,^35,658
90,128
England—.——
—
Notes
;
.
241 "
——
—_——
income
net
Dividends
$126,172
t$136,075„
t$141,072
98,000
Consolidated
;i02,Q00
105,000
i "Exclusive of net profit from sale of securities (net) of $762,671.
tExclusive of $58,313 net loss in 1943 and $169,646 in 1942 net loss
on
securities sold which
were
charged to a special account under
Divs.
met)——
income
Minority share of income
•.
1941
1942
-
-—-——
miscellaneous
.
$5,215,782
Cost of deliveries--^------—3,985,463
Provision for depreciation and obsolescence-—.^
321,199
U. 8. and Mexican income taxes (est,)—V 514,153
common
1943
——
income
Interest,
and
copper.^.
Greyhound
:
1942
1941
income
Total
1943 '
1942 j
$5,190,451 $7,011,687
25,331
13,174
31—
New
-
Profit
'<
income
Total
$428,89
1944
31—
Quarters End. Mar.
of
Eastern
i
(Company Only)
1943
,
,
income
Total
\
.
Co.—Earnings—
Copper
Cananea
Greene
Years Ended Dec.
Deliveries
of
/,
1
•,
,
„;
——
were
years
•
'
Offices, Inc,), N. Y. City—
Maturing in 1946—
;
Bonds
Inc.,' above.—V; 128, p. 3197.
of
'
1944—3 Mos.—1943
$31,570,285 $31,784,028
Offices,
Eastern
'
represent postwar
respective
income—.$4,933,856
Greyhound
Expenses
"
> '
-V., ^
'
.
Redeem 5%
See
.
1446,
the
..
Graybar Building (Eastern
To
•
possible exercise of the outstanding warrants) is equal to
per share of preferred stock,
and to $15.68 per share of
stock, as conyiared with $14.50 as of Dec
31, 1943.
>
Lines
Amort,
:,
1944—Month—1943
$12,109,593 $11,955,Oil
for
'
$472,060.
Co.—March Sales Up 1.29%—
Sales
$1,889,607
retirement.
J
income
Net
is
company
—V,. 159, p.
redeemed on
Loan—
Glidden Co.—Negotiating
The
Period End. Mar. 31—
^^ompany
dividend
Other
$572,103
;
and
debt
Interest
;/Cv: ?:V-'■'.
7
1352.
(W. T.) Grant
Inc.—Quarterly Re-
American Investors Co.,
General
Total
—Jan. 1 to Mar. 31—
10 Days End. Mar. 31
$56,900
$56,859
through
Condensed Income Statement
negotiating to borrow $6,000,000 from banks and
$4,000,000 from an insurance company on unsecured notes,; Adrian. D.
Joyce, President, announced.
The proceeds would be used to refund
$10,000,000
of
the $14,600,000
unsecured notes now outstanding.
—V. 159, p. 447.
.<
•
'
" •
Ford. Motor Co.,
tive Vice-President,—V,
of
$1,646,951
Calendar Years—
Earnings—
Florida RR.—Gross
Period—
Gross
...
of—
received
Georgia &
common
Henry Ford, II,
availed
Received Off 7%—
1944
.
:1943 ■:
$391,901,000 $422,047,000
V
; /•//'%''; ■'•
Electric Co.—Orders
'
•
and
refund
stock was 11 cents per share*
\
,
common
;..
351.
p.
First Quarter
Orders
.•■;,
The directors have declared a dividend of 25•cents per share 6n the
stock, par $2, payable May 15 to holders of record May_5,
and the usual quarterly dividend of 15 cents per share on the no par,
value preferred stock, payable May 1 to holders of record April1. 19,.
On Jan. 15, last, the company made a distribution of 25 cents pec
share on the common stock, while in 1943 the following dividends were
paid on that issue:
Feb. 1 and May 1, 50 cents each, and Aug/ .1,,
25 cent3.—V. 159, p. 446..;
j ■'
' ■■■■■
Machine
Foote Bros. Gear &
;
asset
the
General
Cleveland branch, has
of the company's
Treasurer.-—V. 156. p. 2222.
10f which $2,234,430 for 1943 and $715,497 for 1942
Teche
Treasurer
Shops, Inc.—-New
H. Wallace Corbett, Manager
been elected
and
—v.
the average number of shares outstanding during year.
tBased upon
;
/
March 31., 1944, was $3,955,464 as
on
After deducting $2,000,equal to $154,73 per share
of preferred stock on March 31, 1944.
After a further .deduction of
the preferred stock at $100 per share and $492,232 of undeclared cu¬
mulative dividends on the preferred stock, the remaining assets were
equal to 30 cents per share of common stock on that date.
At Dec.
31, 1943, the asset value for the preferred stock was $143.03 per share
transition period from war to peace,
Mr. Brownell stated it would be to the best interests of this company
to maintain a substantial
backlog for the future.
"I would like to
see the company's cash and Government securities held approximating
about $2,500,000," he said.
At the present they aggregate $2,000,000,
about equally divided between cash and Government securities.
,
"Just how much of earnings can be directed into dividends is prob¬
lematical," Mr. Brownell said.
It is possible, he added, the 50-cent
quarterly rate of distribution can be maintained.—:Vf. IS?? P«
Fanny Farmer Candy
assets
compared with $3,807,606 at Dec. 31, 1943,
000 of debentures, the balance of assets was
uncertainties in the
Because of
of
value
market
The
Monday, April 17, 1944
C;
FINANCIAL CHRONICLE
THE COMMERCIAL &
1554
•Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159-
Ileyden Chemical Corp.—New Vice-President—
follows:
••
share,
John
P.
appointed
Remensnyder,
formerly
Assistant
Vice-President in charge of
for 25 years.—V. 159, p. 638.
company
has been
Vice-President,
sales.
has
He
with
been
the
with
(R.) Hoe & Co., Inc.—Earnings Lower—New Director
At the
began
period
of
Oct.
the
1,
1943,
net
profit
preceding fiscal
the
lower
was
reflecting
than
for
the
S.
$55,272;
at
the
end
of
same
Earnings Statement for Quarters
lower
classes elected
three
for one
uncertainties
in
the
1943
1942
$56,390
$60,290
9,678
11,952
.10,526
$45,594
$44,438
$49,765
$58,225
Simraonds,
two years and three years,
year,
Vice-President of
Sr.,
the Bank
been elected to the board to represent the
existing vacancy.—V. 159, p. 216.
has
an
common
of
at -'Jan. ,1^—
658,601
661,563
652,908
646,686
charges (net) Dr
$4,754
4,554
20,638
3,508
Balance
respec-
New
Holophane Co., Inc.—Earnings
Undistributer
filling
income,
profit after all
Net
share
Earnings per common
—V.
158,
1942
$102,066
$172,236
$1.01
—
$1.72
....
Net
."$701,446
$682,034
share—
per
$0.10
$0.10
$0.10
L .'
Co., N. Y.—New. Directors—
prof,
Port,
Gross
trans-
from
rev.
$2,303,270
749
5,807
22,113
§Cr359,994
103,464
17,994
12,441
515,766
120,860
$3,586,098
!.■'
$2,798,453
$3,484,320
from
rev.
$202,134
$56,642
$2,309,077
127,816
2,057,137
1,669,795
total,
———~
v
158,
2046.
p.
*$71,173
$28,917
revenue—™——
"Deficit—V.
adjusted
below
:
in
portfolio,
of
Other
in
*$251,940
•_/
profit
Net
.
dividend
A
of
stock,
common
This
compares
June
.
cents
25
1, 1943.—V.
with
payable
158, p.
1
June
cents
50
paid
on
Gross
duction
First
the
subsidiary of the United
Exchange Commission for
a
and
properties,
all
in
Bank
National
of
The
on
to;
Texas,
declared
Boston.
stock
The
Gas
by
Corp.
that
of
would
also
the
eliminating
^simplify refinancing of the
necessity for new securities of
6f a mortgage upon the prop¬
the application stated.—V.
company,
157, p.
1082.
The
common
a
$10,198,248
16,413
$9,383,884 $20,753,521 $18,931,351
15,066
33,225
30,111
Operating revenues— $10,181,835
Operating expenses
7,321,559
Operating taxes
1,856,791
Uncollectible oper.
—_
rev._
Investors
A
Syndicate
of America, Inc.
statement
registration
of
14,690,562
13,128,122
Net
income-
oper.
1,701,061
3,959,310
3,368,642
$1,219,081
$1,003,485
$2,070,424
$2,404,476
income
—V.
977,618
804,238
1,641,768
1,913,396
Syndicate of America,
Inc.—V.
of
Gross
revenues
Oper.,
All
maint.,
stock
Fed.
local
&
1,056,879
--978,049
taxes
$3,053,390
952,669
881,326
Taxes
income
Net
Interest
$1,078,246
504,875
Cr29,734
504,875
for
$526,037
$603,104
$644,747
divs
69,774
159, p. 842.
Ltd.
At
1944—12 Mos.—1943
$110,388
$1,422,692
,49,677
686,329
11,437
13,408
157,689
158,157
__
8,446
109,415
105,268
and
__
$1,352,514
623,760
accruals—
res.
8,333
8,333
100,000
income-
$30,523
$369,258
$374,494
amounted to 110,084,955
pounds in 1943.
The amount of copper produced and shipped in 1943
was exceeded in only one year since operations began, namely in
1916,
when ore containing 1.548% copper was treated, as compared with ore
production of copper available for sale
1.213%
containing
of
Deliveries
in
copper
by
copper
1943.
during
company
amounted
1943
to
109,-
750,000 pounds.
Income
Account, Years Ended Dec.
:,:cy
Deliveries
premium payments on
of copper and
production in excess of quota—
Dividends and interest received
Total
Cost
income
of
gency
Interest
deprec.
on
Discount,
29,807
___
10,488,095
and
134,993
tax
163,034
bonds
on
expense
930,984
.
9,964
12,036
54,522
company
on
25,409
Drl,875
Dr 191
Dr882
$30,331
$368,376
8,743
$102,744
$103,180
$30,789
$21,588
$265,633
$260,128
deductions
Income
income
159,
p.
—_
income
(estimated)
270,000
Dividends
366.000
$1,647,279
$1,702,949
j
1,181,967
1,181,967
;
;
_—
!
1
4—
$1.39
$1.44
_
Earnings per share of capital stock
'
"No
excess
profits tax indicated.
Balance
Assets—Cash,
accounts
copper
with
$3,120,810;
receivable,
Sheet, Dec. 31, 1943
U.
$493,247;
S.
sales
Retail
159,
p.
Katz
1944—4 Wks.—1943
1944—12 Wks.—1943
in process, $525,579; supplies
trustee,
on
$2,960; deferred charges,
$92,182; investments in sundry
and
Liabilities—Accounts
payable, $595,037; accrued taxes,
$492,148; accrued interest, $26,050; funded debt, $2,605,000; capital
stock (par $20), $23,639,340; surplus, $6,896,507; total, $34,254,082.—
V. 159, p. 936.
wages
.
Insuranshares Certificates,
As of March
stock,
cf
valued
operation
at
for
Inc.—Quarterly Report-^-
the liquidation value per share of the capital
the bid side of the market was $9.82.
The results
31,
1944,
the
three
months
ended
March
31,
1944,
were
as
profit
share
per
Note—Earnings
—V. 159, p. 448.
1,
1)
City, and Metropolitan
Coupon, $1,000 denomination, registerable as to principal only.
at option of company, whole or part, at any time on 30
104 % % to and including April 1, 1945; thereafter, to
and Including April 1,
1946, at 104%; thereafter, to ancl including
April 1, 1947, at 103%%: thereafter, to and including April 1, 1948, at
103%; thereafter, to and including April 1, 1954, at 102%%; there¬
after, to and including April 1. 1956, at 102%; thereafter, to and in¬
cluding April 1, 1957, at 101%%; thereafter, to and including April 1,
1958, at 101%, and thereafter, to April 1, 1959, at 100%; in each case
plus accrued interest.
■
Also redeemable through operation of the sinking fund on 30 days'
notice
on
April 1, 1945, and on any April 1 thereafter to and in¬
cluding April 1, 1958; at 102% in 1945-49. inclusive; at 102%
in
1950-54, inclusive; at 101%% in 1955; at 101% in 1956; at 100%% in
.1.957, and at 100%% in 1958; in each case plus accrued interest to
1942
$2,163,929
3,883,850
1,262,265
$901,664
$$1.64
combined 290,285 shares of class A and
$994,003
-
f$1.61
$970,963
t$1.77
■
before
are
any
for
credit
post-war
tax
—V.
—
'
4.2%—
1944—3 Mos.:—1943
$9,633,524 $27,665,956 $26,446,486
1944—Month—1943
$10,042,051
—
-
refund.
1040.
159, p.
notice at
such
Corp.—Earnings—
Kimberly-Clark
Wholly-Owned Domestic Subsidiaries)
(Including
Years Ended Dec. 31—
Sales
"Cost
(net)
—
—
—
sales
of
J
—
-
1943
1942
$57,488,293 $41,163,622
46,912,482
32,911,059
.
—
$10,575,812
tSelling, general and administrative expenses—
3,824,751
$8,252,564
2,986,026
$6,751,060
$5,266,538
Gross
sales——
profit from
Profit from operations
Other income credits
—
—
486,513
605,072
$7,237,573
$5,871,610
429,704
150,000
113,848
150,000
$6,544,022
$5,211,842
—i,
—
April 1.
proceeds are estimated at $1,450,697.
A portion of
such net proceeds will be used to prepay bank loans of $800,000.
Such
Purpose—Net
Valley
Co., St, Louis; First National Bank, St. Louis; Commerce Trust
Kansas City, and First National Bank, Kansas City, consist of
Trust
1944, and a balance of
each in 1944, 1945 and
the company's general
funds and used by it principally for the purchase of inventories.
The
remainder of the estimated net/proceeds will be a^ded to the company's
general funds and will be used by the company to purchase inven¬
current bank loans due July 10,
$300,000 2%% serial bank loans due $100,000
1946.
Proceeds of such loans were added to
April
4%
sinking
fund
1. 1959—
cumulative
convertible
($100
par)
Common stock
debentures,
on
Net
Profit
post-war
—-———
—.
...
...
William
—
contingencies——.
charges
income
of
—
long-term indebtedness.—.
for
Miscellaneous
Bonifas
Lvimber
Co.
—-
i Total income
—
prefered
(shares)
—
($1 par) (shares)——
$1,500,000
$1,500,000
4,533
-
and
4,533
was
1,000,000
396,000
excess
Wisconsin
103,361
surtax
—
Net
—
Common
—
dividends
Preferred
——
——
dividends
Earnings per common
1,200,000
1,640,000
share
270,000
200,000
$2,399,636
597,780
854,303
$2,185,443
597,780
732 260
$3.69
tax
income
40,389
1,200,000
2,660,000
——
profits tax————
income
53,990,;
$5,265,832
(60%
—
-
normal and
^76
$6,632,997
-
—
stock
—
Business—Company
Federal
302,155
147,612
(100%
ownership)
$Federal
due
incorporated for a perpetual
term under the laws of Deleware on June 13, 1929.
Principal business
is operation of retail drug stores which, because they carry broader
lines of merchandise than the typical drug store and are completely
departmentalized, are considered in the trade to be of the "super-store"
type.
Twenty of such stores are now operated, of which 12 are1
located in Kansas City, Mo.; three in St. Louis, Mo., and one each in
St. Joseph, Mo.; Kansas City, Kan.; Des Moines and Sioux City, Iowa,
and Oklahoma City, Okla.
Five of the stores are of the self-service
History
Interest
Provision
;
—
ownership)
Authorized Outstand'g
15-year
income
Gross
Estimated loss of North Star Timber Co.
Capitalization Giving Effect to Present Financing
$4.50
1943
$4,854,813
3,385,700
...*
±.
Period End. Mar. 31—
Sales
Redeemable
Co.,
stock,—V. 157, p. 1460.
(S, H.) Kress & Co.—March Sales Increased
1944, due April 1, 1959.
Principal and interest
payable at office of First National Bank, Chicago,
trustee.
days'
in the
ended Dec. 31.
$4,379,703
§1944
—„
profits taxes—
—
Hecht.
April
year
"After charges.
tOn the
328,244 shares of class B stock. $On combined 290,385 shares of class A
§Including subsidiary, French &
and 257,982 shares of class B stocks
$1,500,000 4% sinking fund debentures,
1959, at 102 by A. G. Becker & Co., Inc., New York;
Dated
income for the
net
Feb.—
—
due
(April and Oct.
the
taxes-
and excess
made April 11 of
copper
companies, $391,990; property, plant and equipment (less reserve for
depreciation, including amortization of emergency facilities of $14,150,893), $26,299,878; total, $34,254,082.
There were no major changes
except in a greatly increased output.
1942.
$332,114 after provision of $1,047,000 for Federal
$1.09 a share was earned on the common stock
to
Ended
before
inc.
Earnings
Debentures Offered—Offering was
tory, etc.
securities, $1,242,139;
on
hand, $1,441,927;
hand, $643,372; cash deposited
of
that
Thus
taxes.
Net
1148.
—
Kellogg
31, 1943, indicated a well-balanced
The net income for the year compares
providing for dividends on the preferred
Months
Fed.
$4,203,926 $12,270,815 $12,741,397
$4,126,157
—
March 28, James G.
on
Kelsey-IIayes Wheel Co.—Earnings—
6
Drug Co.
Government
finished
that
stated
amounted
1943,
after
Jewel Tea Co., Inc.—Sales Show Decline—
$500,000 214%
Net
with
■
1448.
Period End. Mar. 25—
held
meeting,
financial condition.
further
He
$363,308
8,478
income
Gross
Fi¬
the annual report of Dec.
that
sound
favorably
Drll,187
$39,267
Other income—net
loans, which are held in equal principal amounts by Mississippi
,
1——_
called
or
8,994,370
1,146,225
emer¬
...
and expenses
premium
purchased
26,847
$13,751,079 $12,194,780
of
amort,
*
bonds.
"Federal income
-1—
—
including
1942
$13,721,272 $12,167,933
—
facilities
Current -discount
bonds
—
.
—
—
deliveries—:
for
Prov.
31
1943
■
,
annual
character of the business
oper.
St. Louis Co. of St. Louis.
The
total,
Summarizing the company's position at the present time, Mr.
90,833
$41,142
$200,000;
$396,000;
stockholders'
the
said
14,738
—:
$1),
Kellogg,, President, stated that the company had continued Its par¬
ticipation in supplying equipment for the armed forces of the United
States and that the requirement^ of the armed forces greatly increased
the demands'.upon the company during 1943 over 1942.
56,050
.
deferred credit (cooperative advertising),
(par $100), $453,300; common
capital surplus. $1,276,165; earned surplus,
$5,423,835.—V. 159, p. 1354.
1946),
nancial Position—
(& Subs.)—-Earnings—
Stern Brothers & Co. of Kansas
Inspiration Consolidated Copper Co.—Annual Report—
1943,
for
$673,397; United States
demand deposits,
and
$14,811
Sheet, Dec. 31, 1.943
Balance
Kellogg Switchboard & Supply Co.—In A Strong
$1,219,396
504,875
77,380
1
_
avail,
Balance
—V.
$1,108,292
—
charges
deductions
hand
on
and
198,000
•
$4.50 cumulative preferred stock
$1,130,254;
.
1944—Month—1943
..
_
Utility
—V.
Other
20,654
148,500
refund of $47,483 for 1942
debt retirement credit for 1943.
(par
"Profit
1,119,125
1,070,277
——
retire
&
20,671
20,488
148,500
loans, due in 1944, $600,000; accounts payable,
accrued accounts, $868,823; bank loans (payable $100,000 in
and
1945
$131,701
revenues
Maintenance
—V.
1942
7,742
$316,220
net property, leaseholds, and equipment, $1,082,456;
total deferred charges, $106,972;
total other assets,
total, $5,423,835.
$487,710;
America, Inc.,
with the
Investors
Investors
1181.
157,. p.
Service
Operation
Indianapolis Water Co.—Earnings—
1943
$3,113,174
6,925
$318,109
Liabilities—Bank
•
$70,000,000 of Investment contracts, series one,
Exchange Commission became effective April 11.
Syndicate,
Minneapolis,
is
the principal underwriter for
Net
1944
$3,297,694
8,881
$1;
$147,996;
159, p. 1040.
12 Months Ended February—
14,275
$371,588
post-war
goodwill,
income
Net
76,294
bonds, series G, dated March, 1942 (at cost), $2,600; total
accounts receivable, $160,845; accrued interest receivable, $2,012; special
Registration
—
Syndicate
Investors
registering
Securities
Retir.
6,448,676
427,355
—
—
Assets—Cash
$9,368,818 $20,720,296 $18,901,240
revenues
138,265
565.308
profits tax
defense
share, compared with $23.03 on Feb. 29, last, and
1943.—V. 159, p. 1040.
Period End. Feb.—
Operating
$552,795
31,140
138,947
dividends
$48,000
$11,583;
'•
Operating
1.944—2 Mos.—1943 r
1944—Month—1943
$922,477
•15,661
153,105
surtax
Consolidated
report as of March 31 shows that the net asset value was equal
$21.76 on March 31.
Jamaica Public
Illinois Bell Telephone Co.—Earnings—
Period End. Feb.
•"•_ 25.952
dividends
Common
the creation
Gulf Gas Co., and
Houston
erties
transactions
proposed
United
$526,844
24,758
...
and
tax
excess
Preferred
Investment Company of America—Asset Value
to $23.60
the plan.
The transfer of the Houston Gulf properties and the proposed mer¬
ger are necessary steps, the SEC was told, jn the corporate simplifica¬
tion of the Electric Power and Light Holding Company System.
Elec¬
tric Power and Light is the immediate parent of the United Gas Corp.
-
•
35,423
deposits, $97,422;
Pipe Line Co., as owner of all the outstanding capi¬
Houston Gulf, said that it would merge Houston
Gulf
of
2,768.492
$897,719
1533.
June 15, Oct. 8 and Dec. 1, 1943.—V. 159, p. 217.
(The)
*■
into United Gas Pipe Liiie Co. as part of
3,634,251
$1,109,120
$1,144,543
deductions
normal
Net income
similar
A
March 10,
The United Gas
tal
common
15.
4,522,380
State income taxes—
on
on April 11 declared a dividend of 25 cents per share
stock, no par value, payable June 1 to holders of record
distribution was made on March 1, last, and on
directors
the
May
90,036
$3,295,336
————
income
Income
Intertype Corp.—25-Cent Common Dividend—
Gas Corp., has asked the
permission to sell its pro¬
the Union Producing Co. for
$3,049,155, plus an amount equal to the cost of net additions to such
properties for construction and development expenditures made since
Dec. 31, *1943.
Part of the proceeds would be used by Houston in payment of the
unpaid balance of $1,800,000, plus accrued interest, of a note held by
Company,
Securities
113,055
$4,531,971
;
Federal
and
Properties Proposed—
145,847
income
"After
Houston Gulf Gas Co.—Sale of
6,605,460
$5,631,500
—
profit
profit
operating
Other
the no par
to holders of record May 15.
Dec, 1, last, and 25 cents on
has been
share
$3,205,300
■
(461,800 shares par $1), $461,800; capital
operating income, $699,442; shares
total, $4,530,536.—V. 159, p. 351.
•
•
per
$4,418,915
$5,485,653
—
operating expenses—.—
Net
International Products Corp.—25-Cent Distribution—
w,
sales
on
operating
"Federal
*$131,856
.
stock
(600), Dr$4,928;
treasury
goods sold
$9,810,759
appreciation,
undistributed
surplus,. $3,374,222 ;
ieii
1942
$17,043,545 $13,839,388
9,420,473
11,557,891
operating income—
can¬
■
<
of
Gross
unrealized
$4,205,809;
250,000
Statement, Years Ended Dec. 31
Income
sales, less discounts, returns,
Gross
r
Balance Sheet, March 31, 1944
•
350,000
1
.
tPortion
cost.
^Appreciation.
$900,000
;——.
—
Louis Co.—
St.
etc.
sales of securities charged to capital surplus.
on
Liabilities—Capital
,
.
$55
and
each has agreed to
—
1943
Gross
cash: in banks and on hand, $31,937; accrued.interest pur¬
(U. S. Government bonds),-$165-; due from brokers, $33,991;'
$4,530,536.
value
Net
j
securities
•
$1,801,651
173,217
oper.—
of
stock.
Co..
*
.
-_i—%i
Assets—Securities
•
Net
sale
&
Inc.——
Consolidated
12,298
1,275
Deductions
31
.
$1,789,353
$200,858
than transp.
Rev. other
Metropolitan
Dr$258,634.;
chased
,8^3
i—
soda
goods
several underwriters
of the
addresses
ancl
names
& Co.,
Brothers
Cr517
22,964
treas.
——
from
tLoss
$4,067,632
2,278,278
transp.
from
rev.
tDr449
Cr2,168
hold
Becker
G.
Stern
$3,622,657
—J:—„ $3,374,222
canceled
of
celed "treasury
v.-1
$5,494,851
3,191,580
"'
Net
$3,418,132
tDr46
^"Exclusive of Tosses
,
'
—
offer
provide
toilet
wholly-owned subsidiaries, one of which (Lorber
purchases certain merchandise, primarily tobacco,
which it sells exclusively to the company.
The
certain
leaseholds and
parking lots used by the
principal amount of the debentures which
as follows:
the
Cost
1943—12 Mos. —1942
$421,696
365,802
$518,229
317,371
portation
Operating expenses
items,
sell
has five
four
A.
sold
secur.
on
March
Ltd.—Earnings—
1949—Month—1942
and
purchase are
V"'
'■'■•"••. 1y
$3,409,673
$3,246,051
Capital,surplus:
,
Honolulu Rapid Transit Co.,
related
and cigarettes,
Underwriters—The
v
George Gund,
Period End. Dec. 31—
food
company.
$0.10
stock
President of the Cleveland Trust Co., and Robert W.
Dowling, President of the City Investing Co:, have been elected direc¬
tors.
Frederick B. Adams, Chairman of the executive ^committee of
Air Reduction Co., Inc., has been elected a director of City of New
York Insurance Co., an affiliate.—V. 159, p. 842.
V "
% ;•
favorable
as
departments,
candy and other
no
manufacturing.
other
$701,403
Unrealized vdeprec.
Home Insurance
stores
tobacco,
Company
and
$699,442
above-adjusted cost—
1133.
p.
and
service,
vitamins
drugs,
of
luncheonette
cigars
9;
31—
Balance, Jan. 1——
1943
charges and taxes
operat.
•
Mar.
Capital Surplus—
■v.
—
and
9;981
'
f
Ended Dec. 31—
lines
•
Earnings
6 Months
1941
$68,207
York,
stock,
prescription
Mercantile'Company)
Income
C.
0.56
Ended March 31
oper..*income—
"Net
tivly.
Albert
81.10
'
additional
have
stores
typical drug store merchandise.
Company does
It is and has' been its general
merchandising policy to feature nationally advertised and trade-marked
goods.
It maintains a large and well-equipped warehouse in North
Kansas City, Mo., from which it distributes merchandise to its stores,
a
commissary department in Kansas City, Mo., for supplying part of
the requirements of the-food departments of the stores in that city,
and a small mail-order department.
la.34%
$55,272
—
company's
fountain
cosmetics,
1944
and
the
of
complete
3-31-43
—79.52
—:
opening
contemplates
Company
All
>.
17.35
,
income
of
shows:
1943,
type.
opportunities are presented.
.
,
compared
1.47
—;
deductions
view
31,
income-per
1.66%
assets
Total
that, in
March
net
•
composition
—
Cos.
Insurance
Other
Total
added
terminations
portfolio/its
the
Cos.
way
He
cancellations,
of
$45,495;
.
in
bonds—.
renegotiations," etc., it was im¬
possible to forecast earnings.
The stockholders approved an amend¬
ment whereby directors representing the class A stock are divided into
determinations.
Income,
net
.
3-31-44
billings, impact
of higher taxes and the Government policy of price reductions and re¬
year,
,
changes
condition
Treasury
Fire
that
which
cents.
recent
Casualty-Surety
annual meeting held on April 11, H. M. Tillinghast, President,
for the first five months of the company's fiscal year,
stated
to
:!''■*
•
U.
income,
gross
9.83
Due
1555
$3.25
and amortization of $1,and write-off of portion of
ordnance
tools,
miscellaneous equipment,
installation charges, ad¬
ditions and alterations of $785,000 in 1943.
tlncluding provisions for
depreciation of $34,419 in 1943 and $30,557 in 1942, and write-off of
special alterations and equipment of $6,485 in 1943.
tAfter deducting
credit lor debt retirement of $295,000 in 1943 and $182,000 in 1942.
"Including
498.819
in
provisions
1943
and
for
depreciation
$1,472,233
in
1942,
THE COMMERCIAL & FINANCIAL CHRONICLE
1556
Liabilities—
Dec. 31
Balance Sheet,
Consolidated
Condensed
1943
Assets—*
'
Cash
U.
;—
S.
marketable
Other
1,365,000
94,058
securities——.—
4,096,996
Inventories
——
Other assets
advances
and
of
securities
in
afiiliated
516,814
650,443
8,058,360
31,711,826
714,121
^
Deferred
7,946,382
8,019,760
33,330,605
to
companies "u——*•--——■*.»<-
tProperty
3,786,668
*
*
Investments
95,048
8,762,039
accounts receivable.
and
"•Notes
$2,897,305
1,606,539
$5,266,697
—r-
securities^—
Government
charges
—------
601.175
$2,153,932
$2,591,574
5,982,355
1,629,898
5,765,053
1,680,692
Sinking fund payment due within year———,
330,000
mortgage 4% bonds——
7,842,000
Res. for voluntary pensions———
2,113,375
Res, for contingencies.,————
—
1,500,000
Other
reserves
——189,578
330,000
8,491;000
—T—' 25,395,895
-—6,081,966
——,—8,222,354
25,395,895
6,081,966
6,509,679
——————
Income -tiaxes^—<
•Federal
Accrued .liabilities
—————«'■
First
stock
surplus
surplus,
Capital
Paid-in
Earned
—.
Total
•Less
Liabilities-
Accounts
U. 8.
departments (net)—
and social security
income
165,376
affiliated
bonds
Accrued interest on notes and
accrued
______
and
38,336
—.
wages
ColiateAl
11,568,000
9,963,000
19,534,687
1,000,000
381,541
6,895,291
for doubtful receivables of $142,843 in
1943 and
1942.
tLess reserve for depreciation, depletion and
amortization of $21,267,185 in 1943 and $19,685,174 in 1942,
tLess
U S
Treasury tax savings notes of $4,255,000 in 1943 and $1,677,000
^Less
reserve
159.
937.
p.
Net
sales
'
•/./'
'
/
$8,045,360
Corp.—Chairman Elected—
Sales ———
—v.
member of the
of
1944, on surrender of the extended interest coupons dated
1939, and May 1, 1940, from 4%, 4»/2 %> and 5% general con¬
mortgage gold bonds, due 2003, stamped modified.
Interest is payable at office of the road, New Yofk.—V. 159, pp.
1,
1,
solidated
1448,1354.
V
•;
•
159,
;V:>;
paid
on
May
Libby—Annual Report—
Daniel W. Creeden, President, states that earnings, this year com¬
pared with last, were adversely affected by a decrease in sales, from
$121,754,559 to $92,371,996, and by increased costs not compensated
for by higher selling prices, but were benefited by a credit from last
year's Federal income tax reserve which was in excess of the actual
liability.
•
■
:
The decline
in volume
came
about
largely through a reduction
in the quantity ,of canned meats purchased by the Government.
In
other lines, government buying continued at a high level, and in this
connection Mr. Creeden says, in his letter to stockholders:
r
"With such
large quantities of our canned foods going to the
government in the past three years, it has been difficult to keep
even a fair assortment in
the stores of our dealers throughout the
country. We have endeavored to allocate available supplies to various
sections on the basis of pre-war distribution, taking into considera¬
tion the population shifts brought about by the concentration of war
industries in many localities." • '
>
Renegotiation of government contracts did not prove serious, set¬
tlement for 1942 having been effected at a net cost to the company
of $61,750; and with less government business involved in 1943 it is
expected that any settlement, if necessary, will be very small.
,! In discussing the outlook foV 1944, Mr, Creeden says:
v
J
'•'
"Our plans call for an increased pack over 1943.
What we finally
get, Of course, depends to a grekt extent on this year's production
of
fruits
and
vegetables—which, in turn, will depend largely on
•
.
,
,
weather
and
manpower.
"The
canning industry has been informed by the government as to
probable requirements of canned fruits and vegetables from the
packs.
Requirements
from- each canner are figured on the
basis of percentages of his average pack for the years 1942 and 1943.
"While our intentions
are
to
pack larger quantities of canned
foods, It is doubtful, on account of government requirements, that
its
1944
will
more
canned
be
for
available
and
meats
baby
the
civilian
with
trade
the
exception
foods."
of
/
.
Income
^
their
It
Net sales
»
g
——
——
92,371,996
,
§
■
J
sold—
:
—77,026,362 102,043,713
Selling, gen. and admin, exps—!—
7,395,435
7,601,175
Frovision for pensions
1,135,820
273,000
•Net
profit
tEarnings per
Total
6,814,379
182,745
income—
Interest
funded
on
of
debt
John
1941
D.
Other interest
Premium
Loss
on
„
and
This claim
.
' 8,537,336
273,000
910
Federal income and excess profits taxes, etc.,
for renegotiation.
tOn 2,505,037 shares of
reported that the company's claim for refund of
taxes has been .finally approved in the.net prin¬
which will be credited to earned surplus.
from a provision of the 1942 Revenue Act permitting
11,478,631
383,670
60,500
12,575
•
of unused
1449.
credits
profits
excess
1941,
to
he
Sales
tion
explained.
in
43,563
1942
normal and excess
61,750
3,728,129
and
prof, taxes
$7,340,741
facilities
382,973
•Net
inepme
The
Net
inc.
Earnings
resr
transferred
per
to
3,875,286
500,000
500.000
and
in
increase
owned
thus
a
share
in
3,270^029
3,375,286
$0.62
$0.90
$0.93
—„
•After
The
Profit
-
•
Assets—
fraSo
u. S.
^
— V"
—~
and Canadian Govt,
Accounts receivable
Inventories
(less
Feb. 26,'44 Feb. 27, *43
—„
Growmg crops, and deferred operating expenses
Growing crops maturing after this year
Investments
tFixed
Other
J.
———
assets
assets
,,
_•—
Prepaid expenses and deferred charges
Total
$6,742,602
$7,931,056
8,960,294
8,417,293
4,280,108
13,095,951
16,480,972
securities
reserves)
14,'l02,725
2,014,967
650,182
1,262,483
15,985,972
434,133
1,890,396
482,816
492,455
1,267,441
16,270,967
440,145
433,317
$61,441,353 $60,194,922
Buffalo
shares
of
the
a
compared
as
net
of
income
with
equal
683.
p.
which also
equal to
to $5.72 a
;7;..
$31,970,
$82,326,
•
before
(of Missouri)—Earnings—
,%•■•%"•:
'■
•
fFederal
State
;■/
taxes
$4,576,880
880,602
taxes
2,187,186
45,740
142,500
$2,028,301
$3,605,175
$1,81
tBased on
—
share
$1,273,554 profit
per
1.433,416
1,622,236
T_
profit
tEarn.
6$7,368,278
and declared
profits tax__
excess
income
1942
1943
$1.02
common
•Includes
1,991,130 shares
$5)
sale
on
of
capital
assets,
of which
Long-Bell Lumber Corp. of Mary¬
land owns 1,007,801 shares.
tAfter post-war credit of $180,248 in 1943
and $243,021 in 1942.—V, 159, p. 1449.
(par
Loose-Wiles Biscuit Co.—Extra Distribution—
-
directors
The
share
and
have
declared
an
extra
dividend
of
25
cents
per
usual
the
quarterly dividend of 25 cents per share on the
$25, both payable May 1 to holders of record
April 21. An extra distribution of like amount was made on Nov. 1,
last year, and on Nov. 1, 1942,—V. 159, p. 1354.:
'
stock,
common
.
'v.'; '-■-.i;.
par
In
August, 1943, corporation purchased 419 shares of preferred stock
and 903 shares of common stock of the Highway Trailer Co., of Edgerton, Wis.
These holdings represent approximately 7.5%
of the out¬
standing preferred stock and 54% of the outstanding common stock.
For 1943 this company
reported profits, prior to renegotiation, of
$268,645.. '
The acquisition of the stock of the Highway Trailer Co. represents
a
continuance of'the policy initiated by the purchase of the stock
of The Autocar Co. nafflel^, tihe ' broadening of the
scope of liberty'sbusiness
in
the
postwar era.
The directors feel that' substantial
opportunities for the employment of the expanded facilities of the
corporation may be found in the fields in which its investments have
been made.
The prewar supply of trucks and trailers is rapidly being
used up in service and a substantial replacement demand will confront
the manufacturers of such equipment upon the conclusion of hostilities."
Louisiana
Power
Light Co.—Public Invitation for
&
Bids for Purchase of $17,000,000 Bonds—
Bids
will
sales
of
and
sales
Statement,
Year
Nov.
Ended
.30,
by the company at 2 Rector St., New York 6,
N, Y„ up to 12 o'clock noon, EWT, on April 18, 3944, for the purchase
of $17,000,000 first mortgage bonds due 1974.
Each bid shall specify
the coupon rate (which shall be a multiple of Va% ) to be borne by
the bonds,
and the price (exclusive of accrued interest) to be paid to
the
company for the bonds, which price shall be net less than 1013/4.
The SEC on April 7 issued its findings and opinion approving the
issuance of the
above bonds.—V.
159, p.
1943
Net
:
Profit
/
1943
1944
$10,141,929 $12,286,595
income
115,586
'
—--——,
243,104
provision for Federal and State taxes.—V. 159, p. 843.
•After
_
"
sales
•Net
billings————_____ $20,360,891
partial billings
13,619,923
(after deducting cash discount on
V
1355.
Lukens Steel Co. (& Subs.)—Earnings—
;•
partial
and
!
.
received
be
Quarters Ended Jan, 1—
Income
Net
v :
expenses
of
$23,776)
375,156
from
I
sales
income
403,561
„
McCahan Sugar Refining & Molasses Co.
(W. J.)
*
Philadelphia—Sale to Be Voted Upon—
$6,365,812
———————
'
%
i;A'Special stockholders' meeting has been called for April 24 for the
of voting upon the approval of the sale of the company's:
sugar refinery and substantially all other assets to the American Sugar
Refining Co.
v
If approved it is expected the sale will be consummated on May 1
and liquidation of the McCahan company will be started immediately
thereafter.
As part of the purchase price American will transfer to
McCahan 145,732 shares of the National Sugar Refining Co., its entire
holdings in the latter company.
Manuel E. Rionda, President, in the notice to stockholders, said the
sale will enable the preferred stockholders to be paid off at par plu$
accumulated dividends of $21.75 a share.
i
,
purpose
Net
profit
Provision
•Excess
Federal
for
_________
income
$6,769,373
—_
———
——————
for
profits
4,365,000
taxes
75,000
'
tax
possible
losses
resulting ifrom
wartime, con* »V
ditions
-1,325,000
—
profit
Previous
$1,004,373
——
earned
Total
Cash
surplus
1,055,090
surplus
$2,059,463 "
dividends
paid
200,000
:
Balance,
Nov.
30,
Earned
$5.02
credit
of
debt
for
retirement
$200,000,
and
post¬
$285,000.
Balance
'
Assets—
credit
Sheet,
Nov.
30,
-.'
-
15)43
■,
After
■
1943_„$1,859,463
deductions
refund
Cash
•.?.'•
share
per
•After
war
1
v, ^
will
Account
receivable, Defense Plant Corp
Accrued
interest
—„u___—19,442.
receivable—
—9,704
;
—
•Investments,1
at cost—^
charges to future operations—.^
Deferred
tFixed
refunds
of
excess
share of McCahan
each
To enable common
—1,518,653
1,803,813
The
net
*
.
-
*411,859
-
.
tReserve for Federal income
Unearned
aadvances
^Accrued
"
and
excess
$151,211
—67,743
profits taxes.i_—
3,725,000
10,368
Tabilities
Res.
for possible
Common
Capital
HEarned
Total
stock
surplus
contracts
...
v;
losses
($1
surplus
on
resulting from
wartime
conditions
par).
—
—
v
par
preferred
value, and 35,000 shares of $100 par value common
'
profit and loss statement for the year ended Dec. 31, 1943, shows
and miscellaneous income "totaled $20,190,446.
Net profit
Federal taxes and contingencies was $304,042.—
sales
after
depreciation,
V. 159. p. 1449.
490,460
'
payable, trade—
Employees' war bond account—
final liquidation of the company.
upon
stock;
Mack Trucks, Inc.—New
profits taxes.—299,230
$9,327,429
Liabilities—
less to realize imme¬
Outstanding capitalization consists of 15,647 shares of 7%-
stock,. $100
The awarding of
Mack
I
or
—_w__
assets
Accounts
stock.
stockholders of 10 shares
diately on their investment, the company is offering to purchase their
stock at $84 a share, plus any additional amount that may be avail¬
able
•.•.%•
—$2,856,858
Treasury certificates, at cost (market $1,000,767»
1,000,000
Accounts receivable, trade
917,410
payment of all obligations it is expected common stockholders
in liquidation four and a fraction shares of National
receive
Sugar. Refining Co. stock and probably some small amount in cash for
___________
S.
••.Total
'
share,
1942.—V. 152,
common
value excess profits tax
Co., manufacturers of heavy duty trucks, of whose
Liberty owns 200,000 shares, reported profits, prior to
renegotiation but after all reserves, of $1,971,394 for the year 1943.
This
was
equivalent, after preferred stock dividends, to $4.20 per
share on its common stock.
During the fiscal year 1943 corporation
received dividends on its holdings of Autocar common
stock in the
amount of $400,000.
The Autocar Co.'s sales, prior to renegotiation,
for the year 1943 totaled $85,801,039 as compared with sales, prior to
renegotiation, of $63,391,799 for the year 1942. " No final earnings
statement is possible until renegotiation proceedings have been cortipleted.
'
;
•
,y
;
".• •
•-
post-war refund, $209,223.
-
Y.—Control
N.
is good until June 3.
31, 1943, the Lisk company,
Federal normal income tax, surtax
stock
>
Canandaigua,
Ltd.,
(Including Wholly-owned Subsidiaries)
Net
Acquisition of Stock of Highway Trailer. Co.
Co.,
Calendar Years—
•
Autocar
common
Postwar
-
^
the company said,
by Defense Plant Corp.
Operations of the Autocar Co.
providing depreciation'of $1,098,763 in 1944, $1,108,551 in
1943 and $1,113,312 in 1942.
tFederal excess profits tax amounted to
$5,186,008 after deductions of credit for debt retirement,
$367,000, and
Comparison of Consolidated Balance Sheet, Close of Year
-
Long-Bell Lumber Co.
reflects the full operation of
and operated by the cor¬
sales
Mfg.
offer,
$2.22
1943, no such substantial increase in volume may be expected.
the fiscal year ended Nov. 30, 1943, corporation paid four
quarterly dividends of 25 cents per share.
During the year corporation was awarded the Army-Navy "E" for
production achievement.
t
Inventories
-3,345,261s
surplus—_
share
3,770,029
506,000 ^
"Tor-canting.
,
For the year ending Dec.
manufactures enamelware, reported
of
U.
3,845,268
Approprtatiori^o
in
rates.
Lisk stockholders,.v•
No further expansion of such facilities is contemplated,
while sales for the year 1944 are expected to exceed those
~
Crl,352,728
writings declined from $79,858,365 in 1942 to
decrease of 4%
reflecting iarge reductions in
Dividends returned to policyholders to¬
1943 and $123,704,650 since organization-of the
a
company
on
April
11 disclosed that Savory, Inc.,
enamelware manufacturers, had offered $97 a share for 14,395
of Lisk common stock, contingent upon acceptance by 51%
1943 amounted to $20,360,890 prior to renegotia¬
with sales for the year 1942 of $13,943,581 prior to
This
renegotiation.
the
6,0967638
223,035
other taxes——
Adjust, of income tax prior year
$14,236,949
Lisk
the year
compared
c—_
195,928
:
—
1943,
This
profit of
for
as
poration.
399,369
208,653
'■■■•"
Premium
.
insurance
Report—Robert Simon, President, states in part:
net
-v
19,820
receivables
charges
renegotiation
Fed.
20,506
' ■•'•
44,116
&
,
Canadian
50,966
76,872
—
Foreign investments
written off
Miscellaneous
'
83,123
stock
the
Following the annual meeting the directors re-elected the following
S. Bruce Black, President; Clark E. Woodward, Administrative
Vice-President; O. H. Simmons, Financial Vice-President, and R. P.
Ashley, W. E. Brookings, George A, Cowee, G. G. Kingsley, Bennett
Moore, J. F, Morrison, A. F. Noll, J. W. Phillips, W. H. Seymour, B. E.
Smith, P. H. Titus, H, W. Yount, Vice-Presidents,
possible losses resulting from wartime conditions.
33,698
13,333
»
<.
(net)
prop,
for
officers:
417,946
-
,
retired-
;
Liberty Mutual in -1912»-
of $1,962,980,
arose
14%
or
$77,047,108
109,316
11,938,967
*
automobile
the corporataion for the fiscal year ended Nov.
30, 1943 amounted to $1,004,373, or approximately $5.02 per share on
200,000 shares of common stock outstanding.
These earnings are
subject to review by the Price Adjustment Board of the War Depart¬
ment and until such proceedings have been completed no final earnings
statement is possible.
The above earnings are after providing $5,765,000 as reserves for Federal income and excess profits taxes and for
11,369,314
102,296
families.
Liberty Aicraft Products Corp., Farmingdale, N. Y.—
Other
11,836,671
32,578
—
bonds
disposal of fxd.
on
■-,.■■■.
•;
Assets, special reserves, surplus and dividends returned to policyhold¬
profits
purchases
346,385
exp
.
...
of this company increased substantially in
1943, it was reported at
the annual meeting on April 12'by S Bruce
Black, President.
Assets totaled $129,889,522 on Dec.
31, 1943, an increase of $16,204,-
1941
$3,400,917
$1.35
1942
$534,186
$0.21
1943
$357,347
$0.14
1944
Diggers
excess
Cost
6,997,124
;•
—
debt—:
disc,
-
reported that Grumman received $12 a share
having paid $6 for it in 1940.—V. 158, p. 579.
taled
cipal amount
Net
Amort.
■
that
Liberty Mutual Insurance Co., Boston, Mass.—Results
capital stock.
Provision
income
-,-:1
April 13 the corporation
Engineering Corp. the
Grumman purchased
Aircraft
stock
ers
v
$2,412,471
$0.95
—
share-
•After depreciation and
but before any allowance
84,394,921
.
•Operating profit
common
..
121,754,559 104,574,572
Cost Of goods
Other
circles
Grumman
was
1944—2 Mos.—1943
Libbey-Owens-Ford Glass Co.—Earnings-
Feb.26, '44 Feb.27, '43 Feb. 28, '42
'
1940..-
financial
in
the
own
its
Liberty plant.
Both companies are working at capacity.
56,468 shares, according to the reports, will be held in the
of Liberty, leaving 143,532 shares held by 1,100 individuals,
including principal directors and officers of the company and members
-
i■
■
Quarters End. Mar. 31—
...•■/.
....
'
■
in
from
the
(Including Domestic and Canadian Subsidiaries)
Years Ended—
reports
of
treasury
$5,895,562 $11,583,682 $11,308,258
$6,694,504
1041.
p.
Administrative
Statement
-
The
3,
During
Libby, McNeill &
Department.
for 1943 Released—
The
the deferred interest coupons due Nov. 1, 1944, and
May 1, 1945, representing the deferred balance of 75% of the interest
due Nov. 1, 1939, and May 1, 1940 ($30 per $1,000 bond on the 4s,
$33.74 on the 4*/2s and $37.50 on the 5s)
will be made beginning
May
it
after
$7,424,343
Lehigh Valley RR.—Interest-
Nov.
share
per
of
carry-back
firm of Hemphill Noyes & Co., has
been elected chairman of the executive committee.—V. 159, p. 217.
payment
cents
;
1944—Month—1943
Period End. Mar. 31—
Annual
Griffis,
Stanton
45
Stores Corp.—March Sales Up 13.6%—
—V. 159, p.
159, p. 1041.
Lee Rubber & Tire
at
declared a dividend of 50 cents per share
$7, payable May 8 to holders of record
6
par
1944—3 Mos —1943
1944—Month—-1943
$3,701,088
$2,719,256
Period End. Mar. 31—
—V.
>;■.
■
Bryant, Inc.—March Sales Increased 36.1%—
Lane
stock,
This compares with
year,—V, 159, p. 639.
Lerner
in
1942—V.
in
last
9,963,000
4,903,417
4,903,417
7,842,844
— ___—
$61,085,911 $58,933,924
$142,934
April
on
common
18,
19,534,687
post-war contingencies-—
—
6% cumulative preferred stock ($100 par)——
Common stock (488,173 shares, no par)—
Total
directors
the
350,000
extraordinary obsolescence-
Capital surplus
Earned surplus
War
The transaction, it Is said, will not affect the business
relationships
the two concerns.
The major part of Liberty's work is for the
Grumman company, and much of Grumman's machine work is done
271,488
1,000,000
10.548,000
381,541.
(net)—.
indebtedness
Reserve for
'
'
271,488
•500,000
notes
for
112.057
■:
paid
Reserve
shares
from
in 1942,-.
to
reacquired
56,468
760,653
'
Dividends,
Long-term
1,611,451
160,327
years
The
on
April
taxes
salaries
Accrued
9,896
811,854
eluding accrual for prior
..
Other
271,113
8,646
profits, in*
J Accrued Federal income and excess
According
has
1943 and $4,000,000
for depreciation of $17,333,326 in
reserves
National
Acquires Stock from Grumman—
Larger Distribution—
29,106
293,618
•
company—
and $16,680,689
1943
Board of the War
Treasury tax notes of $1,200,000 in
S.
tAfter deducting
the
income and excess
profits taxes, $515,607^ent, Defense Plant Corp., $259,281; other ex¬
penses, $12,768.
([Includes net profit for the year ended Nov. 30, 1943,
amounting to $1,004,373, subject to review by the Price Adjustment
$61,441,353 $60,194,922
-
-
retroactive wage payments subject to approval by
Labor Board),
$707,06ag'taxes, other than Federal
2,166,326
1,000,000
182,737
of
taxes
withheld
to
$1,272,223
$2,243,330
2,419,445
-I—.——.--*—*—•*---1
payable.
U.
1942.
in
Government
Employees'
Due
——
$61,085,911 $58,933,924
•Total
ciation reserve of $358,007.
Company is utilizing, under lease, land,
buildings, machinery and equipment costing approximately $2,000,000,
which are owned by the Defense Plant Corp.
$ After deducting U. S.
Treasury tax notes at cost amounting to $1,000,000.
Si As follows:
Salaries, wages and bonuses (including amount of $400,000 for possible
'
payable
Accounts
1942
•-
Monday, April 17, 1944
1,494,724
1,325,000
Production Citation—
second Star additions to the "E" flags of the three
war-time production
the past year and a
Inc. plants, brought the firm's
awards to nine Army and Navy citations within
Trucks,
half, it was announced.
The awards were made at brief ceremonies
April 12 in the Plainfield and New Brunswick, N. J., and Allen town,
on
Pa., plants.
This
.
,
third
triple
award
,
allows
Mack
to
continue
as
one
of
the
multi-plant manufacturers flying the "E" flag with subsequent ad¬
ditions of one Star and now the second Star, over all its plants.—V.
few
159, p. 1449-
200,000
;
_
—™'
493,919
1,859,463
$9,327,429
•Autocar CO., common stock,
$1,536,063; Highway Trailed Co., cumu¬
lative preferred and common
stocks, $267,750.
tAfter deducting depre¬
(R. H.)
Macy & Co., Inc.-^-Semi-Annual Report—
•Company and subsidiaries had consolidated net retail sales,
inclu'df
of leased departments, for the year '(52 weeks) • ended
Jan. 29, 1944, amounting to $165,631,161, Jack I. Straus, President,
states in the semi-annual report.
For the previous year the sales
ing
those
volume
was
$161,326^,055;
"
*
1
*
•*""
V ' '...ItlJH
Volume
In
,
The
;
pany
"total
a
to
-
preferred stock is
which he states:
issue
stockholders,
Mr.
by
up,
of
Straus
plans of Com¬
in the letter to
the
explained
further
in
time
from
meeting
time.
to
of
series
stock
common
has
stockholders
the
in
also
as
of
to
is
it
share
of
,
A
preferred stock for each ten shares of the common stock. The author¬
ization will provide that this series A preferred stock will have
a
dividend rate
of 4'/»%
per
annum
and be callable at $107 >/2 per'•••..
from
preferred
stock
The
effect
of
the
same
as
of
out
of
capital
by
transaction
stockholder
this
present
each
the
represented
capital
the
had
preferred
as
April
A ruling con¬
15
dividend
payable
25
$
Net
retail
leased
Cost
Sales
of
&
81,163,681 145,543,871 141,820,130
V 742,763
1,531,342
1,454,551
763,965
_
1,409.158
1,439,052
1,727,692
1,662,968
3,397,622
648,008
758,486
299,676
546,226
7,579,620
7,735,524
10.490,291
829,221
-235,451
1,411,723
& debt disc.
'•
*
.
Gross
Other
& exp.
y^o;.;-, -V v."- :
profit
income.—
Net
9,883,710
477,658
8,408,841
Fed.
taxes
11,902,014
10,361,368
5,356,000
-7,579,000
6,580,000
on
.
st'kholders
of min.
Int.
'*
7,970,975
5,650,000
profit
for
income
v
.
f
O
„
in profits & losses of ».•?'•">
*"* V
v,
■
Cr9,385
Dr55.779
4,332,399
r'v, "
13,132v.>- 600,000
3,725,589
::V
709,132
Cr4.690
Dr23.935
2,763,530
2,591,039
subsidiaries
profit
prov; Tor and"post-war
contingencies
•
}
Balance
..."
-
'
„
-
.<*2,763.530
surplus
."J
Dividends
2,577,907
' 828,033
>
828,033
'
Consolidated
Jan. 29,
Cash
i'-
on
.
debtors
assets
Inventory of supplies..
957,194
833.501
1.803,401
1,692,373
241,885
290,318
1
1
_.
Goodwill,
7
.i.---—_———
u,
small
account of
TI--—
4,106,235
no
par
value,
commissions————
1,256,048
and
T.
911,726
916,599
7,579,000
6,580,000
1,020,835
-
of
sale
Federal
Other,
taxes
taxes
income
on
—
Interest
.-
__—
miscellaneous.
and
Taxes withheld at
$2,720,811
$8,088,540
will
issue
Prior
ammunition.
to
355,495:
912.119
1,300,500 .1 1,874,500
822,916
credit
Miscellaneous
debt
Mortgage
payable,
Mortgage
due
within
one
payable..
notes
and
Debentures
year
at
1959—
—
1; 1943————_
due
be
applied
to
the
to
wi
sales
for
and
taxes
for
prior
profits
on
years.^
instalment
taxes
on
variations
3,700.000 i
50,000
<
Bank.:
stock
Common
Operating
9,577,341
—
Net
103,996,238
102,978,948
159,
_
1149.
p.
Arthur E. Benson. Vice-President, on Anril 1? announced his resigna-,
tion from this company and the Manufacturers Fire Insurance Co.—
• •
;
..
•...
Marine Midland Corp.—Earnings—
'
Net
per
common
*After provision
y>|o—The
ported
to
the New
figures
are
Net
profit
veav
Field
of
was
■
/
adjusted
&
$0.15
$0.12
minority
ng
scare
Refundable
last
year,
Last Year's—
42,054.432
9,345,872
8,789,158
—
taxes___
(less depreciation
139,733,375
:
—
—-
profits
excess
53,539,393
124,577,979
reserves-—
2,685,000
2,045,000
44,278,550
46,360,093
—
reserves)--
299,583,586 295,128,711
31,777,288
Treasury
Earned
149.288,340 149.2«8.3<i0
—
stock
Dr252,677
Dr252.677
100,077,598
91,245,672
;
;
surplus
Total
v
17,860.448
;
stock
Capital
36,986.923
18,698,037
liabilities
Reserves
—
'
*
*
299,588,586 295,128,711
-
'
.March Sales Higher—i ;
159, p. 1356.
(John)
The
1946, to 100'/8%
April
each
50
stock
no
hke
A
the
1943,
year
of
stock,
14.
Co.—50-Cent Distribution—
&
April 4 declared
on
common
record
the
Morrell.
directors
the
on
19^4—2 Mos.—i"'-r
$53,382,733 $52,192,472 $90,899,173 $93,635,959
„—
—
'
1°44—Month—1943
Period End. Mar. 31—
Sales
—V.
dividend of 50 cents per share
a
April 29 to holders of
Jan. 31. last.
During
of 25 cents per share in
payable
value,
par
amount
paid
was
on
made payments
company
quarter, and. in addition, on Oct, 30 paid an extra cash dividend
cents per share and a stock dividend of one share of common
for each 34 shares, of common stock held.—V. 159, p. 938.
. *
•
(G. C.) Murphy Co.—March Sales Up 7.46%—
and total cur-
Period End. Mar. 31—
-
207
the
stores,
year.—V.
month
the
159,
March,
of
number
same
1944—3 Mos.—1943
1944—Month—1943
$6,035,820 $17,009,745 $17,129,552
$6,486,306
_____
During
the
1944
had in operat'on
month of last
corresponding
the
in
as
company
1042.
p.
Nash-Kelvinator Corp.—Obituary—
Vivian
Egan.
and
Treasurer
April 7.—V.
on
159,
p.
died
Secretary,
Assistant
at
1450.
Nashville, Chattanooga & St. Louis Ry.—Director—
Vernon
'
he pointed ov.t that there were
$5,391,890 $11,748,315 $10,779,831
3.305,572
7.822.072
6.724,612
1,231,366
2,352,471
2,382,038
Tapper,
$854,952
$786,587
*
794.175
National
President
of
the
Mills,
Poller
Nashville
.
,
\
r d C-
«*
■
!
Nashville,
>
Airlines, Inc.—Earnings—
8 Mo*. Ended
Mordh of February
Feb'-nary
1 n43
1944
1944
1943
Operating
revenue
$147,355
$106,821
$1,117,866
$897,464
Operating
$1,573,772
1,482,107
expense
150.879
88,117
1,090,610
610.147
income
£)r$3.524
$18,794
$27,257
$287,317
income__
1,392
1,700
11,622
16,381
Dr$2,132
$20,404
$38,879
$303,699
$1,673,181
1,559,670
operating
Non-operating
cents per
40
•
Gross
Income
Deduct,
Prov.
"'
from
gross
income
for
Net
Corp.—Declares 20-Cent Dividend—
profit
1 454
1.540
15,000
121,000
$12,049
$22,425
'
—,
Dr$2,291
—
Balance
directors
355
8,000
160
inc.
tax__
.
Sheet, Feb. 29,
$181,159.
1944
$295,930; working fun^s end special
A""4"— ^a"h.
deposits, *J613.5'>0;
traffic accounts receivable, $84,agents. $41: materials end supplies,
$35,580; motor fuel inventory. $1,796: lubricating oils inventorv, $227:
investments and special funds, $5,635: fixed assets (less reserve for
d»nracl"t,ion of $270,640), $546,806; * deferred charges,
$12,324; total,
amount*
receivable,
5?51:
-
balance
net
airline
$254,504;
receivable
from
i
,
substantial sales
normal,
$88,033; accounts payab'e,
airline traffic accounts payeb1?;
$65,790; provision for Federal
income
taxes,
$64,429; other
ae"rued
taxes, $fi,4c7;
other accrued
liabilities, $4,583;
deferred
credits,
$21,403;
reserve
for 'Uninsured
losses, $5,014: com. stock (par
$'>'70 000: capital surn'us $170,707;
Liabilities—Accounts
Mississippi Power Co.—Earnings—
Gross
for
Prov.
- -
$5,564,726
$4,778,506
239.429
168.873
3,116,155
2,147,143
37,750
37,500
450,500
435. OOO
556,293
{337.205
314,575
Gross
Int.
$87,038
$913,659
$388,092
23,084
280,717
286,444
taxes—^ 1
profits
other
138,070
126,032
tax-}
$77,938
income
and
23,038 ;
deducs.
mail
$80,964;
,
Genersl taxes;
income
S.
337,405
expenses-l-l
deprec.—'
excess
1944—12 Mos.—1943
104*—Month—1943'
: $481,149
$431,479
(171,341
-
revenue
Operating
U.
f 575,867
Period End. Feb.—
Fed.
retail division for the fmst eu*-ter of
Houghton M. M^Bain, President, told
-
$
44,104,978
Liabilities—
Current
Gilbert
......732,682
-r-.
earned
payab'e.
adjustment,
pav
accrued
salaries
Net
Divs.
pref; stock-1-'-
$63,952
$54,900
income
on
.
20,693
,
$632.°42
$701,649
20,693
248,316
248.316
$132,607;
ap.d
waees,
surplus, $340,917; total,
159, p.
$1,250,913.—V.
878.
National Biscuit Co.—March Sales A Record—
'
Net
share
prof't
on
the
in
the
first
common
ouarter
meeting held
Pales
in
on
the
of
this
year
was
about 36
$34,207
-V.
159,
p.
640.
$43,259
$384,626
$453,333
a
Beers, Vice-President, stated at the annual
April 12.-
first
quarter
were
)7%
above
1912,
the
March volume
be'ng the largest for any month in the history of the company.
Balance
cents
stock, compa^d with 35 cents a share in. same
ouarter last vear. Frederick
»t the
this year,
1943
77,203.467
Total
were as
Federal
738.
Co„ Chicago—First Quarter Retail
the comoany's
below
159, p
interests as re¬
annyl meeting held Cn April 7. The exnlanation
ies
he stated, in Iact year's abnormal sales conditions and in h'gher
rage and seiory levels in„)°lf.
Although there was no annarel ration-
stockholders
31
Jan.
Sheet,
Balance
Government securities-
inventories
Fixed assets
on April 10 declared a dividend of 20 cents per sharP,
15 To stockholders of record May 22,
Payments last
follows: Jupe 15, 20 cents; and Dec. 15, 30 cents. .
It was stated on
behalf of the directors that the matter of a
further dWdend
would be cons'dered toward the end of the vear
in
the light of the
then existing conditions and the corporation's
earnings.—V. 159, p. 449,
<
1942
$704,547
,
of
2048.
year
-
$0.18
to
$4.79
$2,045,000.
of
$1,250,913.
1°43
York Stock Exchange.—V.
[Division Earnings Below
:his
•
of $388,000 for taxes in 1944 and $198,000 in 1943.
above
Marshall
share—1.
refund
Prepaid catalog costs and expenses—^
^
$902,176
after taxes—,*$1,031,777
operating earns,
Earnings
::
•.
;
1944
Quarter Ended Mar. 31—
1,410,878
10,434,294
$3.69
share
$
S.
Merchandise
payable June
banks, trust companies, and other affiliates)
(Cor]}, and constituent
post-war
1,410,878
10,434,294
-
common
20,437.583
20,677,098
-
—
,
•Middle West
V
166.
1,127,447.
operating income-
The
p.
Crl,000,000 Cr4,000,000
profit-————i—.
Receivables, less
Petroleum Corp.—40-Cent Dividend—
share has been declared on the common
stock, par $10. payable June 1 to holders of record May 1,
Pavrrents
last v#>ar were as follows:
June 1, 40 cents, and Dec. I, SI.—-V. 158,
p.
Manufacturer^ Casualty Insurance Co.—Resignation—
157,
net
26,437,583
10,000,000
re¬
1944
Mid-Continent
>
1288.
v.
of
and U.
Net
9.577,341
Straus, Chairman r.f the
Board, died in New York, N. Y., on April 6.—V. 159,
p.
time
Assets—
Cash
9.545.465
-
Sfdden
Obituary—Percv
3,901.225
...
income
-A dividend
Total
doubtful
Comparative
2364.
$5,815,259
revs.Jv
Operating taxes-
—v.
41.401.675
9,965.731
—:
for
dividends
"After
12,765,000
18,395,000
oper.
Operating expenses
Nef
118,614
41.401.675
—
surplus—*
Capital
par)—_.
no
—.
.
meeting on April 25.—V. 159, p. 1450.
159
109.229
shares,
(1,656,037
surplus
—i.
refundable under
possible future inventory price decline
per
April 1,1946, to 100 */*% on April 1, 1958,
through the operation of I a sinking fund
p.
3,701,485
57",597,583
640,000
Earnings
'
——-
company——
subsidiary
in
interests
Minority
Famed
.1——1.
taxes
taxes
dividends —
1944—Month—1943
1944—2 Mos.—1943
revenues—$5,826,359
$5,403,930 $11,771,542 $10,803,930
rev—, .11,100
12,040
23,227
24,099
Operating
'•
prices of securities held by
in
3,644,511
31,932,098
11,895,000
—
20,677,098
1,000,003
reserves
A
$
595,932,821 635,006,979
year--—
Common
Period End. Feb.-r
J
326,000
1.0*7.868
3,1°% 000
50,000
1.424.592'
For
Maey's
-
<:<*/
——
For
f.
Class
redemp¬
1943
tax, 560,356,212 573,707,911
payment
ceivables provided in prior periods—-
and
158,
,
31
Act—-
profit for the
Excess
company^ participation in
resulted from the
including $957,469 cash, of $6,519,164,
of. $1,589,903.—V. 159, p. 1355.
"
Jan.
'
assessment of
possible
and
war
-
I'lij
income
prof,
exc.
Detroit, Mich.,
Uncollect,
post-war contingencies—*—.1—
Insurance
_V*
—-——•—
——
For
:
:
state
year's
Prov. for
1959, at
the
which
profitable
Michigan Bell Telephone Co.—Earnings—
.
deferred
For
r
.
:
:
.
;
1
Ended
Years
carry-back provisions of the Revenue
the year
10,—V.
Dec.
on
loss,
a
,L
——
profits taxes™—
of-supplies to
100%,
usually
the
caused
——
profit
Net
Mercantile Stores Co., Inc.-^Declares Two Dividends—
on April 10 declared two dividends of 50 cents each on
the common stock, no par value, one payable April 20 to holders of
record April 15, and the other on June 15 to holders of record June 1.
In 1943 the company paid $1
per share on June 15, and $1.50 per
share
at
but
This expense of handling orders
Account
——
and
made
The directors
18,354,00/), (20,875,000
550,000'
596,375
——
due Feb.
payable,
Reserves:
'
-
1,066,287
balances-——
of lon<*-term
Portion
-
771,913
800,124
—
assets,
operate
Income
Federal
bedroom
including
and
for
to
merchandise,
of
shortage
realized
be
for
orders
sent
the
could
"Excess
$7,119,873
6.2%
or
the retaiL stores, the com¬
$105,000,000 which could
in
wanted
they
of
$8,000,000 to handle.
business
Balance
the
because
of
Net
,
781,022
& taxes collected from
source
sales
Sales
'
•
what
its largest volume in wood products
shipment
liabilities
tent
salaries
Vacation
order
$39,074,158,
were
year
$
the development of
in
sales
current
•
*
■
In
find
profit
no
the
for
1944
1,131,865
liabilities:
Salaries
to
Comparative
1944—3 Mos.—1943
.
Accrued
mail
Up 6.6%—
1944—Month^-1943
—
previous year, and reflect the inability to
of acceptable quality to meet an un¬
addition to the thousands of customers who
sales, sell., & genl, exps. and gen.
Deprec. & amortiz, of fixed properties
ended Dec. 31, 1943, amounted to $27,723,594,
and net profit after all charges including Federal income taxes, $748.360. compared with $23,343,332 and $770,423,
respectively, in -1942.
Provision lor; excess profits taxes auiountecV^o, $1,230„000 in 1943 and
$1,395,000 in 1942."
J' "
:
\ '
The consolidated
balance sheet as of Dec. 31,
1943, shows total
'-i-T.';
Dayable
demand.
than
more
Net
sinking fund debentures due
the
arms
thereafter
Net
3,016.937
Liabilities—
Accounts
on
the
cents each; and Nov. 1, 75 cents.
current declaration will amount to
prices ranging from 101% to and including Oct, 1,
Oct. 1, 1954, and thereafter at 100%.
at
102,978,948
Total
Renegotiation
158, p. 2471.
merchandise
supplied
which
on
.
plywood,
overseas
and
on
103,996,238
of
102 Vi %
1,235,430
39,051,277
Unexpired insurance, prepaid taxes, etc.*—
Unamortized exp. in respect of long-term debt
be
cost
on
water-resistant corrugated containers
the armed forces, for which a
large post-war demand is expected.
The debentures are
redeemable at a scale of "prices ranging from
1,345,384
36,297,369
——
—.
not
Ill,
p.
$2,900,916'
3%%
production,
for
22.227,650
1,656,442
assets
Fixed
159,
from
has aided
20.290,706
7,666,875
*
23,669,467
1,522,391
w————
'43
8.145,432
7.875,440
end.
year
year.
$595,932,821
sufficient
unable
were
furniture, occasional furniture, bookcases
and magazine racks and kitchen cabinets.
<
'
In anticipation of resumption of residential building on a substan¬
tial scale after the war, the.company last year jointly with United
States Plywood Corp:: formed
U., S.-Mengel Plywoods, Inc., a sales
corporation, to
distribute the
plywood products of both companies
to
building material dealers and others.
Corrugated shipping con¬
tainers manufactured by Mengel find their principal outlet among the
tobacco, soap, food and paper products industries,
In conjunction
with the U. S. Government and with other manufacturers the company
$
r
8,400,525
inventories....—
Merchandise
Other
Jan. 30,
'44
.
21,572,123
U. S. Government obligations/^—_
Notes
and
accounts
receivable——
Sundry
$
previous
the fiscal year ended Jan. 31,
preceding
of
precedented
159,
cents.—V.
the
sales
obtain
$1,568,000 first mortgage 4 '/a %
of
sale
Sheet
Balance
%•' ■■■{ ■' ,£V;
demand deposit and on hand—
Assets—
15, 35
for
Net
holders of record April 17.
A similar distribution
Payments in 1943 were as follows: Feb. 1,
1288.
and
3.016,457
3,312,134
3.732,399
3,312,134
.
the
over
completed during the year.—V.
was
lower than the sales for
/..
Shoe Corp.—March Sales
war
Net
share
convertible sinking fund bonds,
due 1947, the balance to be added to working capital.
Company is the largest manufacturer of hardwood products in the
United States,'and also manufactures corrugated shipping containers.
The company's operations cover the full range of hardwood produc¬
tion from the cutting of timber
to the manufacture of lumber, ve¬
neers, plywood and finished products for consumer use.
Wood fabri¬
cating plants are located in Louisville, Ky.; Union City, Ind.; St.
Louis, Mo.; Winston-Salem, N. C., and Laurel, Miss.
Corrugated con¬
tainer plants are located at Louisville,
Ky.; New Brunswick, N. J.,
and Winston-Salem, N. C. " More • than 80%
of current sales are for
war purposes,
including army cargo truck body parts, crates and boxes
for packing aircraft wings and sections, aircraft engines, jeeps, shells
'
Prov.
$685,176
profits for
1, last.
retail—.
at
159, p.
Proceeds
tion
1,414,575
614,611
1,287,308
269,524
received
•
99x/2 and accrued interest.
rents
less
paid
'
and Oct.
■■•.
1 and Aug. 2, 50
after payment of the
$2,500,000
2,870,294
3,268,185
2,834,503
taxes—
Depreciation
Int.
165,631,161 161,326,056
93,802,149
:
" •:
.
Mengel Co.—Debentures Offered—Offering was
&
repairs-
of
1944 were $20,677,098,
representing a return of 8.6% on net worth, compared with the profits
of $26,437,584 for the preceding fiscal year.
The earnings per share
of outstanding common stock were $3.69,
after deducting dividends
paid on the class "A" stock, compared with earnings of $4.79 per
April 13 by an underwriting group headed by F. S.
Moseley & Co., and including Metropolitan St. Louis Co.,
Hemphill, Noyes & Co., and J. J. B. Hilliard & Son of
■*
80,270,749
sold
goods
General
Rents
$
$
be
engaged almost exclusively in the
While the backlog of war contracts is
to
Montgomery Ward & Co.—Annual Report
Prior
-52 Weeks Ended
•'
ago.
material.
war
from the standpoint of volume,"
"Measured in sales, ^production was
stated.
continue
of
business
Net
Statement
92,673,716
expenses-
Maintenance
$3
the
to
share.—V.
Melville
incl.
sales,
depts._
1942
Associates—30-Cent Div.
per share has, been declared
cumulative preference stock,
Period End. Mar. 31—
Jan 30, '43 Jan. 29, '44 Jan 30, '43
Jan. 29, '44
increase
Cost
-v
——26 Weeks Ended
_
'
May
cents;
per
—V.
Period—
1
Feb.
on
$2
•
;;;\
cents
75
on
May
made
was
Arrearages
•
plants
$1,407,583
outstanding
was
President,
greater than a year
production
has been declared on account of
preferred stock, par $2, payable
cents each;
30
/
of
accumulations
would receive annually on his combined holdings
preferred and common stocks the equivalent of $2.02 y2 per share
present common stock instead of the current $2.
"The remaining
shares of preferred stock authorized will be re¬
served
for possible
issuance by the coiporation in the future for
money or property.
It is our belief that the preferred stock can be
used
to
advantage
in connection with possible development of the
Income
share
per
cumulative
$2
15,
:
,,
present stockholder
Consolidated
cents
the
July
and
of
post-war plans."*
30
on
'
of
Comparative.
1943
year
Kulas,
1942
$1,670,506
large, some activities have been curtailed, others augmented, and some
completed."
Net
current
assets
as
of Dec.
31,
1943, totaled $10,829,546,
an'
those shipments in
Maytag Co.—75-Cent Accumulated Dividend—
A
i
Should
Corporation's
1943
J—
taxes—,
after
pany's mail order customers
cents
dend.
J.
"Our
,
record
near
even
to
217.
p.
quarterly dividend rate on the common stock from 50 cents
per share after distribution of the preferred stock divi¬
this quarterly rate be continued at 40 cents, each
the
40
to
of
shipments
were
holders of record April 10.
A similar payment was made
15, last.
Distributions during 1943 were as follows: Jan. 15,
15
Jan.
on
firming this opinion has been received from the Treasury Department.
"The board of directors has also announced its intention of chang¬
ing
of
accumulations
April
dividend
a
year-
dividend
A
stock.
substantially
exchanged his
common
will be
stock.
The receipt of this stock
is not taxable income in the hands of the stockholder.
cumulative
resulting
surplus
the
last
will exceed
Massachusetts Power & Light
of common stock for a new share of common stock
value and one-tenth of a share of the 4V4%, series A
stated
$15
of
completion
though
share
present
of
capitalized
be
the
E.
30%
growing in seriousness.—V. 159, p. 1041.
are
$25
reduction
the
from
.
will also be asked to approve the reduction of
capital represented by the common stock of the corpo¬
per
share to $15 per-share and that the series A
of
amount
ration
.."The
buying mood and has money to
change in this trend in the near
a
a
income
Net
..
stockholders
"The
the
dividends.
plus accrued
share
Calendar Years,—
the
company's
manufacturing
totals, it now appears that this
the first quarter this year,
Mr.
McBain
stated, pointing out, however, that profit ratios are
running slightly below the levels of a year ago.
Unfilled orders now
are
approximately 2Qr/e less than last year
the decline entirely ac¬
counted for by a reduction in orders from the armed services.
The Merchandise Mart Building is still just about 100%
rented, and
its first quarter profits will be somewhat higher than last year, he said.
Mr. McBain declared that the company's greatest operating problems
continued to be merchandise and man-power shortages and that both
the
to
in
evidence of
no
merchandise
While
division
present
series
the
clearly is
public
is
Steel Products Co.—Earnings Rise—
Midland
Federal excise
continued.
he
division
approve
the
The
There
future,"
May
stock dividend
a
one
for
asked
be
which
A,
issue
ratio
called
been
will
series
as
the board of directors to
intention of
holders
The
first
the
of
creation
the
stockholders
of
April.
spend.
in
special
to impending
1557
•
-
,
present retarding influence of higher excise taxes on
certain merchandise lines, our total sales arc continuing at high levels
the
"Despite
23,
1944, to vote upon a recommendation of the board of directors that
the
corporation
be
authorized
to
issue
up
to
500,000
shares
of
cumulative preferred
stock (par $100) and to be issuable in series
"A
certain lines during March, due
in
Tax increases.
and post-war contingencies.
of $3,700,000 for war
announcement
gains
of
to
reserve
set
been
reserve
February
THE COMMERCIAL & FINANCIAL CHRONICLE
4273
1943,. the corporation established a
added to $3,100,000 previously
Spring - of
which has
the
$600,000
create
Number
159
i; ■
Currently, sel^s to the Government are reported to be running about
13%
of
the
total—V.
159
939.
CHRONICLE
THE COMMERCIAL & FINANCIAL
1558
Nov.
Corp.—Earnings Outlook—
Container
National
system
trustee, Boston, Mass.—V.
the courts uphold the New York Water Power and Control Com¬
mission in its efforts to levy a charge on water diverted from the
event
.
Association—Output Up 2.11%—
New England Power
,,
reports
the
contracts
the water
Norfolk & Southern
Gross
„
Net
Gross
15,177
14,987
8,480
9,531
ry.
Co.—Sales Gain—
National Cylinder Gas
'
acetylene
oxygen,
159,
*
.
for
&
facilities
~
:
inc.
'v
•
-
—
-,
; %•
-
of
equipment
new
estimated
',
'
conduct
will
Co.
program
-
rolled
in
National
shells
start with
will
Refining
Co.—New
It
committee
stockholders'
annual
the
and
since
April
on
had
National Supply Co.
vote
of
shares
900,000
favored
by-law
of
succeeding
holding large
the
par $10,
was
reelected
A.
W.
to
1043.
159, p.
"
1943.-
"/
Calendar Year
The
taxes_____.________
for Federal
per
curernt
York
share
the
Exchange
action
its
the
the
and
income
of
in
to
stock
J.
Hillman
H.
Jr.,
cast
votes
the proxy of Pittsburgh Steel Co. for
for himself and T. W. Kirkpatrick;
although these two persons had net been nominated, and the nomina¬
tions had been closed.
The judges of election rejected, the votes for
"Messrs.
tested
LaughJin
National
Gordon
Tool
Lefebvre,
Corp.
mer
and
Kirkpatrick,
by Mr. Laughlin.—V.
of
159.
Co.—New
President
whereupon
their
ruling
was
con¬
115C.
p.
$3,992,957. at the
of
and
the
y,.;
employees
of
this
11
General
cents
Net
income
__
____
before
___
taxes
revenues
Gross
after
inc.
159,
Net
income
and
of
Cooper-Besse¬
New
from
Net
from
ry.
of
on
Gross
the
company.'.This
the
present
small
*30o!ooo
profits taxes
profit
Earns,
per
share
224,444
on
■
the
will
receive
increases
and the company.
Co.—Earnings—
aggregating 35 cents a share on the capital stock
were paid during the year 1943.
During that year the company reduced
its outstanding V-loan to a total of
$400,000, and paid the balance
mortgage
has
'the
report states.
that
appears
required
fact
so
we
based
"As
few
months,
and
change
of
profits
our
experiencing
utilized
renegotiation for the year 1943 "
the aforementioned 1942 agreement
upon
1943
many
are
for
the
cancellation
that
tracts,
ment is
made
past
the
"During
on
orders
will
be
not
subject
curtailment
of
were
work
of
many
of
our
connected
let-down
a
other tool
in
to
war
renegotiation.
contracts
orders.
with
shipments
Due
to
Ordnance
until
required for war."—V.
our
159,
the
con¬
equip¬
159,
p.
1042.
'—
1944—Month—1943
56.768,556
1944—3 Mos.—1943
^fF1inSA"q,iar.ter1nai'nln?s .wm be Sli^htly lower
of 19-3, but will be
slightly higher than
at
in
the
last
annual
quarter
meeting
of
1943
held
on
quarter this year have been at about
the same rate as in
corresponding period of 1943, but production costs
have been greater, weather conditions have
been adverse and the labor
shortage troublesome,
he addd.—V.
Western
The
companv
of $97,000 of its
expenses_„
of
84,395,641
63,427,145
56,537,932
47,648?2a£
46,096,494
32,139,362
18.167.944
3,337,813
6,499,113
4,677,708
3,773.879
29,076,278
33,254,232
1,411,923
23,829,764
832,237
865,752
388,031
24,662,001
29,942,030
34.142,263
2,753,237
2,748,027
2,758,287
22,197,250
21,908,765
27,194,003
31,383,976
equipment
Other income
paid
RR.—Earnings—
1944
1943
1942
$552,735
$4.65.914
$289,972
257,631
_________
all
230,043
112,477
90,975
1941
$288,628
,
88,393
t
109,764
24,848
..
1,062,114
936,320
" 43,567
income
Net
Divs.
_________
onadjustment
stock
preferred
Condensed
•
,
482,719
434,734
199,500.
186,288
160,710
67,962
■
227.887
96,246
$21,437,694 $19,901,005 $43,547,172 $40,235,086
^
31.643
rev._
36,965
68,442
901.329
911.855
913.280
14.064,030
21,097,245
21,097,245
General
Net
153,
p,
income
operating
has called for
2584.
redemption
as
of May
outstanding first mortgage 3J/4%
15,
bonds,
1944
a
$2,535,199
income
—V.
79,039
$2,521,489
$5,204,566
159, p.
4,257,653
3,913,702
1150.
31
1942
1943
$
$
and
eouipment
property_____
funds
531.528.240 529,426.599
—
3,349,679
—
investments
assets
Deferred
10,415.603
99,087.573
78,967,621
2,242.944
——
194.602
4,373,502
—
debits-
Unadjusted
——
3,438,348
*14,977,852
—
_______________—
assets
4,183.142
7,229.925
Investments< in affiliated companies..!
Other
3,099.394
381
3,860.677
physical property______—___
Miscellaneous
5,269,C20
_____i_—_
management of
the
recent
Niagara
the
refusal
corporation intends
of
the New
system subsidiaries to
Earle
their
annual
J.
Machold,
York
P.
S.
consolidate
President,
informed
to
that
the State
Unearned
Commission
to permit
ADnronriated
single operating
stockholders. April 11 at
a
Earned
meeting.
books
Machold
to
Niagara
also said
direct
its
Utilities
a
that
shortly
Power
Hudson
single class of
late such
48,829,774
J
6.618
31.836
112,757.052
99,477.937
•
surplus
300.092
—__
,'i_ "95.167.993
___!
surplus
___!—
surplus
96.605.54R
187,246,489
180,049,988
1——
666,650,772 639,999,330
Total
4After
deducting
of $309,143.—V.
reserve
for
adjustment
159, p. 1451.
.
investment in securities
of
■'
'
there
appeal
SEC
51,365.622
540.867
—_____
Unadjusted credits
to
of the new unit continued "excessive write-ups"
was a sharp deficit in
depreciation reserves.
probably will be taken late in ■ May into the New York
Supreme Court," Mr. Machold declared. The two chief bases for appeal,
he added, are that the Commission "exceeded its
authority in demand¬
ing extensive property write-offs to bring book values to a basis of
original cost and in requiring application of straight-line depreciation
of properties, retroactively applied.
Mr.
51,335,322
56,987,296
d^bt
liabilities
Deferred
163.097.800
grants
liabilities
CPrrent
On Jan. 23 the Commission handed down a
comprehensive decision
rejecting the Niagara Hudson plan for consolidation on the basis that
proposed
162,849,900
stock
Capital
,
appeal
into
666,650,772 639,999,330
Liabilities—
Governmental
.
The
of
total
Dec.
Assets—
Long-term
the
series A, due
,
*
$5,058.7^3
1,950,090
"
2,104,459
Niagara Hudson Tower Corp.—To Appeal State Ban
On Consolidation—
y
'
the
Co.—$97,000 Bonds Called—
Sheet
Balance
Deposits in lieu of mortgaged property sold___^
1944—2 Mos.—1943
1944—Month—1S43
892,353
14,064,330
(4%)
dividends
589,516
607,488
Telephone Co.—February Earnings—
oper.
bonds and
on
Common
Niagara & Eastern
New England Power
'
______
Net
"An
than in the first quarter
the
V',.
150,164,921 139,600,164
joint facilities (Cr)
Int.
February—
and
Slightly—
$
120,176,914 105,228,621
76,173,018
63,638,982
57,580,323
26,320,798
oper.__
Gross income from
income
the
Off
1940
1941
$
.
135,089
revenues
unit,
$6,389,255 $18,789,918 $17,355,661
Newport Industries, Inc.- -Net
i
McCormack, President, stated
April 12.
Operations in the first
1942
.
4,123,548
242,797
112,438
___
the
^
J
24,908,875
from
rental
Current
939.
p.
the last
Account
Income
1943
$1,329,848
252,223
has
Newberry Co.—March Sales 5.9% Higher-
Period End. Mar. 31—
Sa]?S
—V.
and an. average of 12.13 times over
1944—12 Mos.—1943
Operating revenues.. $21,406,051 $19,864,040 $43,478,730 $40,156,047
Operating expenses
13,052,476.M2,497,462
26,344,255
25,390,288
Operating taxes
5,819,376
4.845,089
11,929,909
9,706,996
courts
(J. J.)
1943
Total
been
$162,849,900,
49,198,218
939.
Uncollectible
://—•
Federal. State and local
&
$1,409,646
ry.
Operating
,/
sinking fund for retirement of funded
value of $1,702,900 and a market value of $2,086,796.
.
par
oper.
loan.
provision
a
rev.
_
8,723
Susquehanna &
New lork
Government
the Federal
65,769,280
who has juris¬
•
Notes—Dividends
Its
demands, many of the railroads must
ranging
19,625
income___
Period End.
Heavier
.
Total
wage
>
voluntary
the
in
effective March 36, under wage
hour,
demands.
post-war
Financial.;
'
Total
$118,300
railway
p.
_
free of tax, to
stock of the company held by the public was
Calendar Years—
Sinking
share
"No
other
and
,fCondensed
Road
deducting $25,500 credit for post-war refund.
profit compares with 1942 net profit of $129,659 or 57 cents
after
giving effect to a proposed renegotiation agreement
covering 1942 which has been agreed upon by the U. S. Government
It
of
shares$0.70
common
statutes there is no
out of current earnings,
taxing
of 81 cents or more to
profits tax. •
•'
••••>.
11.74 times in
debt had
^.f
-
an
!'
oper.
This fund is
" '
"
opportunity for
of Internal Revenue has declared that
unexpended profits, and as such- are subject to taxation;
for each dollar set aside during the year for deferred
equivalent
Securities
;
9,466
railway.
from railway_____-
*Afttr
of
company,
market value
20,904
from
—V. 159,
f$l57,540
___
+This
a
*
the
of
status
aggregate
$122,920
Net
457,540
______
/
:
taxes and to provide for
10 years.
,
From January 1—
$3,765,633
J.
^
excess
Commissioner
are
;.v
earned
an
filing
___
railway____
oper.
of
amount
represented 76.03% of outstanding stock and bond capitalization.
On Dec. 31,1943v the company's stockholders numbered 14,010/
y
/
The total funded debt held by the public was $51,335,332. and repre¬
sented
23.97%
of
outstanding capitalization.
Fixed charges were
p. 1363.
registration
the
the
-A
1289.
February—
Gross
Profits Tax
gnd
year-end,
deprec.
York
Net
___
_____
excess
the
of
maintenance
the
The capital
par).of
($100
road
___________
p.
jf
...
maintenance and other post-war
'
•
and
1944—Month—1943
Net
Estimated
Federal
sources
Manager
Earnings for Calendar Year 1943
sales
10%
aside reserves
set
in reorganization since 1937.—V. 159, p. 1451.
company,
Operating
—V.
Ohio, and Fred V. Gardner, head of the
management consulting firm of Fred V. Gardner & Associates of Mil¬
waukee, Wis., have been elected directors to fill existing vacancies.
Net
to
Period End. Feb.—
income
$13,329,000;
surtax,
because of the excess
Net
Net
Directors-
and
•
listing
authorized
from
New York and Richmond Gas
Vernon,
Mt.
to
deferred
pay
■
the public
Wage Rise—
diction of the
Laughlin Jr., holding
of
credit
present
these funds
/
excess
V. '■>.
to
has
strike
view
earnings
nine cents
and
"...
Credit—Federal Excess
.
Union
tax
This means that
*326,562
amounted
Exchange
SEC
the hands of
in
normal
for
Reserve Fund for Taxes and Contingencies
However,
'
^abilities of $590,198.—'157,
common
taken
was
record
shares
accruals
were
during the war years has resulted in greater wear and tear
the roadway and equipment and in accelerated;.obsolescence of
railroad facilities generally.
Under these circumstances substantially
larger amounts should be expended for upkeep and replacements, but,
because cf shortage of critical materials and man-power, maintenance
and renewal programs have not kept pace with requirements.
*
;•
The Interstate Commerce Commission, recognizing the dangers in¬
herent in this situation, authorized the railroads to appropriate funds
to be held as a reserve to take care of deferred maintenance expenses.
166,823 shares of common: stock out¬
on
assets
Stock
with
after taxes, and to 9%
of railway property
taxes, $43,693,000, representing 88.81%
of all
increased $3,372,000, or 8.36%.
Included
year,
traffic
;.r: y;
$1,977,370
655.992
less post-war refund
$1.95
New
'/''-"J
33
fund, established to pay accrued
reserve
railroads
'
,
\
•
from
E.
.
1913
/'
application
the
Post-War
,
S1)
Inc.—15-Cent Dividend—
agreements approved by Federal Judge Murray Hulbert,
John
Government
the
of
upon
,yy/y^ ; ■/,
more
than $7,340,000,000
provision
after
to
year.
Shouvlin.
demands
were
•
,
.
post-war
A
New York Ontario & Western Ry.—To Delist Stock—
i
....
y
the
McKinney, J. H. Hillman Jr.; f?r two-year terms, J. Crossan
R. J, Shouvlin, Gordon Fisher, Edward H. Green; and for
terms, William B, McFall, T. H. McGraw Jr., D. S. Faulkner
J.
heavier
contingencies, aggregated $64,309,000 at the end of 1943.
invested
in
United States Government
obligations.
the United States
one-year
P.
started
It
year,,-
Cooper Jr.,
and
,
15 cents per share has been declared on the common
payable May 1 to holders of record April 20.
A similar
m^tde on Feb. 1, last, and on Feb. 1, May 1, Aug. 2,
Note—Total
on
follows:
as
^
policies.
compared with total current
the change in the by-laws, all directors were
For three-year terms, A. E. Walker. C. R. Barton,
the vote
Following
each
the company exceeded the
of continued increase
result
a
profits tax for
each year such tax is paid was provided for by the Revenue Act of
1942. - The credits due the company were estimated to be $2,170,000
for 1942 and $2,640,000 for 1943;/a total of $4,810,000.
v
V
These credits are
not
immediately available to the company for
dividends or for other purposes.
U. S. Government bonds will be
received in the amount cf the credits/ and will bear no interest and
cannot be negotiated, assigned or pledged until cessation of hostilities,
by Act of the New York State Legis¬
standing..
a
blocks
of directors elected
board
entire
100th
profit on sales____
profit
"Banal
competitor,
as
income
Federal
for
amount
$875,000.
y~v
meet
and Dec. 15,
1
Net
opposed by director inter¬
and
Report—
1943 by
profits tax, $26,400,000, at the 90% rate; railroad retirement
unemployment insurance taxes, $3,004,000, and capital stock tax,
A
-V
■
its
this
v.,-'
of life insurance
Net income before
upholding the managementterm of years
for which
410,000,
The by-law had been
in
J942
excess
and
of
dividend
payment
Gross
sustained
in
activity
amo'.'.ntcd
net
—~-
;
entered
of
accruals
Assets j?n, Dec. 31, 1943, amounted
liabilities, $3,127,731,977^ and surplus, funds reserved
has
Life
3,178,000
Results for
^Vins—•
company's executive management by
altering
23.
"■"*"''~'~y
222%
in
based upon
was
only be approximated,
can
general contingencies, $215,224,453.—V.
Nov.
of stock in both National Supply Co. and a
Pittsburgh Steel Co.
Excluding the three largest
single blocks of holdings, two of which were anti-management and
one
pro-management, support for National Supply's executive man¬
agement ran seven to one in the voting.
The opposition,
headed by J. H. Hillman Jr., sought to have the
direct
traffic handled
established
business
investments.
The amount of such taxes depends upon
New York Mercandise Co.,
stock,
.
not proposed
stockholders
the
7
to
for the
profits* taxes
excess
1942- period
the
for
chartered
^
under
the board of
Successors were
April
on
against
Feb.
shall serve.
directors
ests
Walker and
E,
President A.
44,684
$49,198,000, an increase of $3,102,000. or
cents per dollar of operating revenues
$2,211 for each employee, to $35 for each share of common stockj
tax
1943, is based upon the exist¬
1944 and
Thursday
been
York
New
1923
10,
(Pa.)—Management
meeting held
annual
the
70,231
Taxes
Under
profits taxes,
At
and
income
provision
last
$3,342,956,430;
Chairman
by resignations of Henry J. Smith, director, and
director and Chairman.—V. 159, p. 1450.
<
D, Bruyn,
Federal
the
has 140 branch offices in cities throughout
Canada.
for
vacancies created
Charles
151,629
general
to
.'-v..
.
.
.
April 12, 1845, having been organized by a group of leading
as a mutual life insurance company with no stock¬
It
force
to
Mr. Dick was Chair¬
director
a
meeting held
directors was reduced to seven members.
for
$0.88
In 1944 and
refund of $30,000
par
on
now
The
in
159, p. 640.
Board
executive officers were reelectd.
executive
the
of
for
Act;
company
holders.
who retired last week after 47 years of active service.
All other present
At
$0.87
$0.79
York citizens
A
man
$0.80
shr.
lature.
will be required
12,000 tons of ingot steel per month
Sugar
no
business
New
of forging
production
the
Dick has been elected Chairman of the board,
K.
145,369
77,506
1150.
p.
Taxes
New York Life Insurance Co.—Enters 100th Year—
and
the full schedule of shell production.—V.
Charles D. Bruyn.
772,659
181,548
record
6.73%.
directors
the
The
«.
William
$227,980
-
open
Approximately
The
operations,
hearth department.
This special steel will then, be
the blooming mill and structural mill into shell billets.
the
to maintain
$227,461
on April 11 declared a dividend of *50 cents per share "
value common stock, payable June 1. to holders/of record
May 15,
A similar distribution was made on March 1/last, and in
each quarter during 1943.—V. 159, p. 218. -';Ay.. -
'
manufacturing
all
provision
Revenue
on
and machining equipment
the
of
Manufacture
in
$206,556
50-Cent Distribution—
■>
required will include forging presses, complete heat-
treating Installations,
steel
941,604
339,832
410,620
$203,805
taxes
earnings for the full year and, accordingly,
with respect to interim periods/
T
to the manufacture of the shells.
It is
will cost from $4,000,000 to $5,000,000.
necessary
this
that
facilities
new
$638,600
*271,400"". 1,224,500
estimates made at that time.
1,500
Weirton
aft.
per common
The
ing
beginning with the production of forging steel shell billets, and will
ship finished shells to United States Army arsenals for loading.
Work will start immediately on alterations to plants and installations
The
1,258,802
208,544
the movement of personnel and war eouipment.
'
J
Railway operating revenues increased $10,565,000, or 7.57% over 1942.
Railway operating expenses increased $8,223,000,
or
10.79%.
Net
income increased $1,079,000, or 4.53%.
Income balance of $21,305,000
was equal to $15.15 per share of common stock held by the public.
'V 1941
.
*370,000
profits.taxes
three months ended March 31,
start as soon as the necessary equipment
installed and placed in operation, Mr. Millsop
additional employees will be required for
be
can
operations.
8teel
new
1942 t
$477,956,. $1,451,961-.
applying estimated post-war
$19,200 in 1943.
tOn 259,120 shares.
announced by Thomas E. Millsop, President.
Approximately
The
1,257,462
income
The volume of
previous
inc.
*After
shells will
of
Production
the
' V*
1943 '
1944
$573,805
Fed.
est.
excess
tEarn.
Government
Corp.—Weirton Receives
explosive shells. It is
and
18,164
Norfolk & Western Ry.—Annual
v
.
in
income
Res.
the Weirton Steel Co. will enter
the direct production of war munitions for the first time in its history
vhen it begins the manufacture, in the near future, of large calibre
said.
$2,514,072 ; $2,571,429
1,505,601
1,522,263
.»
New York Air Brake Co.- -Earnings— f >. '■>:
War Department contract,
a
40,998
Railway tax accruals
Steel
Contract—
81,638
oper.
—V; 159,
1450.
159, p.
3 Mos. End. Mar. 31—
National Broadcasting Co.—New Official—
W. Sharpe, formerly Controller of the Columbia Pictures Corp., has
been appointed'assistant to John H. MacDonald, Vice-President of the
National Broadcasting Co. in charge of finance, it was announced on
April 12.-—V. 159, p. 11.
fill
$1,327,879
771,160
$1,251,107
744,223
Net
C
To
1,405,658
taxes
income
Net
National
42,084
railway____
railway
from
ry.
1289.
p.
68,660
inepme
in
elected a director, succeeding A. C. Sossong
Ballance has been
H.
$16,022,570
10,813,001
1,377,313 >•'2,979,151
2,638,140
5,761,986
operating income.
—V.
Elected—
New Director
—V.
Net
continue," he remarked.
should
W
Operating
Net
1941
$385,303
96,591
from
Net
$7,964,924 $17,074,219
5,259,727
11,580,996
$3,418,751
Operating revenues__
Operating expenses
and other Industrial gases and related
equipment by this company for the first quarter of 1944 are running
abreast of
the corresponding quarter last year, Charles J. Haines,
President, told stockholders at the annual meeting held on April 6.
"Although final sales figures have not been determined, it looks
as though first-quarter sales amounted to $6,450,000, against $6,050,000
In the first quarter of 1942.
Upward trend in sales evidenced by the
record
peak reached last year when net sales totaled $26,672,474
of
Sales
1942
$470,671
181,766
oper.
Net
4
1943
$633,714
109,970
railway
From January 1—
•
$7,973,404 $17,089,206 $16,037,747
$8,428,282
Operating revenues—;..
revenues—
Uncollect, oper. rev
from
1944—2 Mos.—1943
1944—Month—1943
Period End. Feb.—-
.
1944
$627,515
railway___
from
Net
Telegraph Co.—Earnings—
New England Telephone &
.
RR.—Earnings-
February—
1450.
P.
for hydro-electric generating purposes, since most of
provide for passing along to consumers some portion of
charges.—V. 159, p. 1451.
,
y
River
Niagara
number of kilowatt-hours available for its
territory for the week ended April 8, 1944, as 61,786,524, compared with
60,512,033 for the, week ended April 10, 1943, an increase of 2.11%.
Comparable figure for the week ended April 1, 1944, was 62,292,382,
an increase of 2.85%
over the corresponding week last year.—.V. 159,
Association
The
,
...
to a stockholder's question, Mr. Machold stated that the
would not lose money on its industrial power contracts in the
Replying
Payment will be made at the New
158, p. 2193. '
1961, at 103 and interest.
the
President, at
Kitnis,
15,
England Trust Co.,
annual meeting held on April 10
stated that while audited figures are not yet prepared, he felt that
earnings results for the first quarter exceeded those of last year.
He
pointed out that production is holding up well.
>,
Mr. Kitnis said
the purchase last month of the Bedford Pulp &
Paper Co,
a
Virginia manufacturer of corrugating board, would
strengthen National's position.
A financing operation by the company will take lJlac® shortly, ac~
cording to Mr. Kitnis,
A banking group will offer a $4,500,000 issue
•of'5% debenture bonds, the proceeds to be used to pay off a $1,000,000 bank loan, to redeem the outstanding $1,250,000 of National Con¬
tainer debenture 5V&S of 1952, and to eliminate the $450,000 funded
debt of Bedford.
The financing will also provide the company with
additional working capital.—V. 159, p. 1356.
Samuel
Monday, April 17, 1944
separate
Corp.,
system.
Division
stock.
?.
the Niagara
that
an
If
the
the
B.
Mr. Machold
reorganization
of
intermediate
holding
SEC
the
N.
added,
plan some time this year.
Hudson management expects
follows
&
the
Buffalo,
company
in
recommendation
Ey be recapitalized with a
the management will formu¬
k
North American Car Corp.—^New Director—
W.
Brooks has been elected a director.—V.
A.
North American Gas & Electric
■7—Common
Stock Has No Value
158, p. 1175.
1
Co.—Dissolution Plan
—
1943. the Securities and Exchange Commission,
11 (b> (2) of the Public Utility Holding Company
that comuany be liquidated and dissolved.
In
thereto the company filed a plan of liquidation and dissolu¬
Dec. 2, 1943, the Commission entered Us findings and opinion
By order dated Feb. 3.
pursuant to Section
Act
of
1935,
response
tion.
and
On
order
directed
approving
the. plan,
as
amended.
On Jan.
10,
1944, the
THE COMMERCIAL & FINANCIAL CHRONICLE
U.
S.
District
Court
for
District
the
of
The
insufficient
the
in
or
Colonial
ities
the
and
Co.
This
check.
the
will
For
holders
bearer
a
certificates
certificates
In order
;
During
cash
stock
common
of
and
of
or
full
which they
to
*
is
the
until
Co.
Ice
the
of
will
paid
of
1,
common
1948,
and
Federal
or
will
letter
transmittal
of
as
act
distributing
profit
•
Consolidated
hearings
North
on
American
f
System
•
2,630,000
20,400,000
for
1,000,000
the
'
U.
1536.
,
I %
..
4,754,587
4,726,237
2,061,323
1,500,000
1,499,134
that
in
:
3,254,587
$0.32
3,227,103
$0.31
562,189
$0.14
1
Service
Public
Co.—Hearing
year.
.
4
1942 war business
$3,000,000 which
Consolidated
Assets—
*-
Balance
was
Sheet,
078 shares of cumulative preferred
,
5 Vss %•
<
for
series, by
$
Invest, in
On
U.
outstanding 220,-
<:/:.
V
of excess profits
receivable
Electric
/
output-of :fchis
week ended April 8,
for. the
company
Period End. Feb.—
Operating
;
Uncollec.
/
■
under
costs
tl,780,082
26,806,968
466,554
442,583
42,213,169
/.
/:
Liabilities^—
in
$4,516,464
$4,209,689
$9,027,598
30,000,000
17,299,008
§5,129,249
44,459,520
26,676,069
115,460,523
3,000,000
22,517,696
2,000,000
19,262,242
income
under contracts—
tax—_—
——_
contingencies and post-war adjusts.___
6,029,924
}
5,515,303
970,979
930,636
1,879,394
1.716,047
Operating taxes
1 "
*'
"After
^Represented by 15,000,000
depreciation,
1
"
HAfter
$542,505
income
$568,295
$1,118,280
159, p.
501,083
987,975
-Income
Account
(& Subs.)-
12 Mos. Ended Dec. 31—
Gross
earnings
*
Oper,
expenses,
$372,176
4—--—.
maintenance
and
1942
$356,849
210,157
taxes
depreciation and retirements.—;
Int., amort, of debt premium and expense (net)
subsidiaries--.:
of
Preferred
dividends
24,706
197,095
,_4—____7
42,905
V
190
' _——_4——____4i_4/—_
income
158,
$42,073
Pacific Telephone & Telegraph
'/(
Period End. Feb.—
revenues—_
.Uncollect,
/ i.■-/
Operating
Operating
/
24,500
20,500
..
.
v"- 50,000
12,201,869
5,917,767 * 14,319,510
1,963,438
1,877,772
$1,095,075
$1,215,049
$2,193,553
$2,371,410
823,247
income_
oper.
910,283
1,620,074
1,758,124
income
—V..159,
Packard
Motor
Co/—Annual
Car
other
,
.
r
income.
/
'of .such
manufacturing
Federal
than
more
of
1942,
were
76%
a
Taxes
J
absence
available
in
an
112%
or
due
profits
is
1943
excess
all
explained
Federal
income
in
Christopher,
the
The
amount
"In
to
this
of
credit
will
be
not
is
therefore
credit of
taxes
"Total
double
share
a
declared
Christopher
Mr.
earnings
of
10%
available
1942
was
1943
the
to
for
Feb.
continued;
shown
of
on
dividend
a
1944. to holders of record
refunded
not
for
10 cents
has
for
1943,
excess
company
current
an
"it
;
^
April 5,
of
of
our
our
substantially
1943
of
1943
factory
products
net sales
results.
higher
levels.
Net
As
for
1944
and
sales
with
and
the
19,
is
1944.
rentals
This
war,
corresponding
accumulated
billings
closed,
tunity for increasing net earnings in 1944 is limited."
2,933,717
tt$1.76
earnings
2,933,717
♦*'$4.74
Report—Reflecting prin¬
of
its
income and
and Canadian
excess
profits
'
totaling $6,134,700, due In 1956, and $98,000 first 4y3S due
bonds were acquired for $5,204,700, being $1,028,000
face value, and represented an average discount of
5s,
These
1980.
their
than
,16.49%.,
annual savings
The
interest resulting from
in
these bond
purchases is $291,485.
In addition to the bond retirements, there was a
approximately $1,000,000 in equipment obligations.
reduction of
end
the
At
of the year
fall
$34,421,300
due
in
and
1956
$21,622,000
figure includes $500,000 first V/zS of 1990 held by
The latter
1980.
first mortgage bonds
there were $56,043,300
which
of
outstanding,
•in
subsidiary.
There were also outstanding $6,585,648
of equipment trqst certificates and equipment purchase agreements.
wholly-owned
a
-
The
*-
•
Value
Marquette's
Pere
of
Freight
contribution
to
the
record
war-time
trans¬
portation task performed by the American railroads in 1943 was the
handling of a volume of freight 106.3% greater than in the war year
of 1918 and 32.5%
higher than in 1942, the second highest traffic
company's history.
The volume handled amounted to
ton miles (tons multiplied by miles hauled), as
revenue ton miles in 1942.
the
in
5,767,570.906
revenue
'compared with 4,352,213,091
Shipper Cooperation
»
establishment of these high records in revenue ton mileage,
■with the rolling equipment at hand. Mr. Bowman said, is due in no
small degree to the cooperation of shippers and receivers of freight, in
•loading cars to maximum cfiDacity, using a minimum of time, in load¬
ing and unloading, and loading cars only when it is definitely known
'that they will be promptly unloaded and not used as storage ware¬
t
<
The
houses.
'
which
results
"The
.
•Mr.
added,
Bowman
creating,
Boards,
have
"show
accrued
the
from
wisdom of
such
cooperative
railroads
and
effort."
shipper^ in
in 1923, the 13 so-called Regional Shippers' Advisory
having for their purpose the discovery of wavs and means of
back
'improving
for dividends on the then outstanding
■ •:•/■'",/ ,•>
•
; ;
$182,177
for accrued dividends on the then
first preferred shares, but including the additional film
earnings from England, Australia, New Zealand and India
over
Further Debt Reduction
car
railroads to
handling
as
improve rail
part
service,
of the general undertaking of the
and to overcome the causes of diffi¬
the railroads were confronted in World War I."
culties with which
Man-Power
providing
and
profits credit carry-over from previous years.
common
income before Federal
first
of
partially
excess
those
or 13.6%.
Nevertheless,
net income of $7,473,279 in
[
• /
representing
and
in
a
1484.
.its credit. .The net debt reduction during the year was $7,292,504, or
'10,43%,
This included retirement of $1,966,000 first 4s and $4,168,700
include
$447,000
company
was
159, p.
Adhering to the settled policy of the board of directors, the company
steps in 1943 to improve its debt structure and strengthen
in
Jan. 2, '43
3,752,136
$4.28
undistributed
of
share
subsidiaries.
not
funds
took further
No.
1
Problem
Citing the paramount importance of adenuate and experienced perto man the trains and to perform the other tasks involved in
'sonhel
aforesaid./
as
transportation, Mr. Bowman said man-power is "the
railroad
No.
New Vice-President Elected—
<
1
railroads'
problem."
officers
The
board
post¬
represented
the
directors
of
at
a
meeting
held
on
April
6
approved
the
of
compsnv
are
constantly
wrestling
with
this
and
elected
also
Mr.
Reagan
a
Vice-President
cf the company,
ceeding Neil Agnew, who resigned earlier this week.
Mr., Reagan' has been Assistant General Sales Manager
1941.—V.
159,
641.
p.
retain
;
Park
,
Tilford, Inc.—Plan to Sell Whisky to
&
holders Studied—
;
oppor¬
/
,
"Such
Before
plan
a
process of formulation for
other agencies concerned could
has been in
Government
and
a long time.
pas* on it/'
said,-''the proposed plan had to be worked out in detail and, re¬
duced to writing.
This has been done.
The plan and various changes
or
modifications of it suggested by the various agencies, some
of
which are in conflict with each other, have been and now are in ac¬
he
tive
discussion.
"Detailed
nished
would
to
make
p.
2584.
We
believe that progress is being made.
facts with
you,
require
to
employees are in
.
•
such
respect to such a plan are not now
being fur¬
been
appraised
of
the
fact,"
he
Increases Be Restored
the time has come to restore the small freight
rate increases effective in March, 1942, but which were suspended by
orders of the Interstate Commerce Commission, as of Mav 15. 1943,
until July 1,
1944.
Average revenue per ton-mile, he pointed out,
declined from 10.16 mills in 1941 to 9.21 mills in 1942 and 8.47 mills
Mr.
in
Bowman believes
1943.
"The
increased
tainly now justify
wage
costs recently imposed upon the
railroads cer¬
the restoration of these rate increases," he stated,
particularly so in the light of the low average ton-mile earn¬
ings of 8.47 mills today, being onlv 6.7%. over the T94 mills for the
year 1918
at the time of World War I. notwithstanding the l«rKo in¬
creases in'wage and material costs during the past 25 years,
Restora¬
tion of these rate increases is absolutely necessary to meet the shock
"This
as any subsequent changes which may have to be made
changes in the plan.
We hope that it will be possible
information available in the very near future."—V. 158,
have
military service.
Urges Rate
C.
Henry
authorities
"Governmental
Stock¬
Bernard, Vice-President, at the annual meeting of stock¬
holders held April 10, stated that no definite statement could be made
now about a plan for the sale of whisky to the stockholders.
V
many
added, "that if the railroads are to continue successfully to meet all
transportatiftn demands made upon them, a more considered judgment
in handling requests for deferment from the draft of experienced rail¬
road employees is necessary."
He revealed the Pere Marquette Ry.
has been experiencing a heavy turnover in its employees due to higher
labor rates paid by the war industries.
Some 1,000 of its total 7,500
of Paramount
•
as
employees.
suc¬
'
such action as is open to th»m to
experienced employees as possible, and to train^ nev/
problem, he asserted, and are taking
a
•,five-year contract for Charles M. Reagan as General Manager for the
distribution of Paramount Pictures in the United States and Canada,
repre¬
projected at practically
billings
are
forecast
at
just
do
subsidiaries
important
$2,040,000
The
.
same
is
year
.
outstanding
...
war
$1.18
$728,706
'preferred shares. % '
4tAfter
.:
was
1943,
the
business.
output
capital
surpassed
revenues
the
78.7%,
\f.
;
from
profits taxes.
until after the
use.
$780,000 making
3,752,136
$1,506,214
the
'
and
$2,820,000.
"Only' 1.4%
commercial
and
$4,754,587
post-war
post-war. credit
war
,
dividend of
a
$1,500,000,
connection,"
that
a
amount
and
to
payable April 1,
note
sents
paid
company
amounting
.first
previous
"resulting
'
the previous year."
working
Accruals for other taxes amounted to $2,677,784.
taxes.
and all .charges
including
by
The
-operations of this company,"its branches, and subsidiary combanie^'
(-were
$24,998,849 for 1943 as compared with $14,897,279 reported for
/
half
company's
•the net
at '
} >*After providing
$10,878,350
or
to greater taxable income
credit carryover such as
Mr.
the
less
'
/:
since
kinds,"
Jan. 1, '44
Jan. 2, '43
Jan. 1, '44
the $8,000,900
matter entirely
should have been required to pay
its
Judge Kirkpatrick.—V.
"
than
morq
of
is equivalent to $19.12 per share
stock.
It represents an increase of $3,the taxes in 1942, and $5,650,146, or 190.7%
;.over
those of 1929.
Accruals for U. S. and Canadian income and
excess
profits taxes amounted to $5,934,557.
They consumed €2% of
Year Ended
the amount of dividends re¬
consolidated subsidiaries from nonof Paramount's direct and indirect
.'net interest in' the combined
earnings of such subsidiaries for the
quarter.* Such fourth quarter 1942 earnings included the company's
share of film rentals and earnings of subsidiaries operating in England,
'Australia, New Zealand and India applicable to the first nine months
of
1942-to
the
extent
not
previously reflected in earnings during
that period due. to restrictions on remittances then in effect.
1942.
of
"Taxes
of
for
.
subsidiaries for the quarter,
:HNot
ceived
112%
Up
V
share
earnings
consolidated
our
Estimated
increase.
$10,850,000
The larger tax
the
"*to
*
in
$20,500,000
/year.
'
Income
in
Profits before Federal income taxes were $25,254,587
■\
'<
economies
operations
such excess representing a partial
distribution of share of earnings of previous quarters.
plants and those: of
our
suppliers, - resulting in savings passed on to the United States
Government, was chiefly responsible for the difference between the
relative
increase
in
output
as
compared
with
sales and
billings.
Increased engine costs resulting from necessary engineering improve¬
ments have been absorbed.
War performance of our engines is proving
the correctness of these changes."
0
> •
;
1
/'Progress in
out
operating
year
Report—«
'
/
;
Net sales, billings,
and other income totaled $341,261,650 in 1943,
an increase of $118,192,048
or 53% over 1942.
r■ '
After reporting that the company billed 70% more engines in 1943
thaii its record output in 1942, and asserting that "greater expansion
of output is required of us for 1944," George T. Christopher, President,
explained the earnings showing as follows: ,:
"Increased taxes, provisions for renegotiation, reduction in price of
fixed price contracts, and reduction in fee on cost-plus-fixed-fee con¬
tracts were controlling factors in our 1943
earnings/ Thus they no
more than approximated 1942 earnings, although volume was increased
70%
in engine output and 54',W
in sales and billings, not including
planning
the Bahamas group.
' / ; :
$354,000 representing the amount
of dividends received by the company and its consolidated subsidiaries
from
non-consolidated
subsidiaries in excess of Paramount's direct
and indirect net interest as a stockholder in the combined earnings
-
.
-
non-consolidated
owned
%-§These
'
1
be
to
Quarter Ended
—_1
interest
.vtlncluding
.
•
1452.
p.
■
consolidated ^subsidiaries. ■'*/.
3,572,455
3,814,444 /
company
The Pere Marquette's total tax bill
including reserves provided for con/tingenciesV.and, estimated provision for all Federal normal and excess
profits takes.
tThis amount includes $1,552,000 representing Paramount's direct and indirect
net interest as a stockholder in the
'
combined undistributed earnings for the year of partially-owned non-
.
Net
end of period.
After
42,000
7,075.834-
expenses
Operating taxes
Net
:
-
Earnings per com.
$9,010,588 $20,327,507 $18,145,734
$10,134,347
revenues./-
$1,664,305
by $6,584,365,
than
ion
minority interest; in Bahamas Air-
a
is 'reported
Airways
:
Period—
.
Co.—Earnings—
$9,031,088 $20,377,507 $18,187,734
$10,158,847
Lober
company
in December last
of
sufficient excess
of
.*
/"
1944—Month—1943 *.-1944—2 Mos—1943-Z
oper. rev.—_
i
v
,
•-
accrued
•'
Corp.—Further Expansion—
to the principal islands of
" . ' -
Shares ' outstanding
Operating
'•
-and
re¬
etc.
"Earnings after interest •'//•'"' '.
'
/.;
. '■ -/
and all charges.§$4,422,000 J$5,353,000t$16,077,000t$14,631,650
$42,012
•;
2051.
p.
warranty,
Pictures, Inc.—Estimated Earns, for Year
Paramount
42,905
2
parent
Bahamas
regular schedules
—V.' 159, p. 940. • -
.
Net
-V.
adjustments,
notes
anticipation
./*"
corporation has purchased
at. Nassau.
52,077
company——
deductions,
cost
product
740.
p.
on
•
,
'•
22,570
-
52,333
_
subsidiaries
of
;;
.
Miscell.
tax
$5,013,800
for
discounts,
ways,
a
British inter-island airline, from Harold G. Christie,
its
:'owner.; The Bahamas airline will connect with Pan5American's system
•
/
1943
Prov..for
: etc.,
159,
Pan American Airways
Water Corp.
Louis
directing
of 1929, highest previous
net income for 1943 was
1929.
"The difference,"
said President Robert J.
Bowman in
the company's annual renort,
which is being mailed to stockholders today, "is more than explained
by taxes which amounted to $8 612,341 in 1943 compared with $2.962,195 in 1929."
The company's earnings were subject to U, S.
excess profits taxes last year.
This was not the case in 19*2, because
The
shares, in¬
par
no
988,923
The
Cities
the
793,270, or
1150.
v
SReserves
wholesale
Govt.,
deducting
$1,136,011
income
Ohio
i»
S.
"
1
500,080
operating
—V.
K
U.
to
securities.
Canadian
tlncludes
funds
interest.—V.
Net
Net
1
Kirkpatrick
distribution
the discretion of
year,
123,610,542
146,130,685
Total
$8,367,361
2,710,758
order
cipally the impact of heavier taxes, .the company's net
income of $3,619,520 in 1943 was only $50,454 above the
figure-for 1942, notwithstanding the fact that operating
revenues'rose to a new high of $55,052,804, exceeding
those of 1942 by $10,741,497, or 24.2%.
cluding 8,660 held in name of trustee for account of company.
__
expenses
over
!//
•
petition" of
an
December
for
'///' v::
•
,
35,000,000
for
Provision
10,211
3,002,980
Operating revenues
Operating
and its subsidiaries for the
to 126,398,000 kwh., an increase
the corresponding week last year.
company
amounted
8.0%,
39,607,394
././/'//",// : /
30,000,000
25,059,585
v
Advances by. customers
$8,377,572
8,278
for
whether
146,130,685 123,610,542
_
Miscellaneous: current: reserves—3,877,335
1944—2 Mos.—1943
$9,035,876
the
of
the
•less
6,384
1452.
p.
this
for
1944,
or
Pere Marquette Ry.—Annual
r'——
Surplus-:—————
>$4,216,073
kwh.,
con-
tracts.
1944,
3,751
output
April 8,
granted the company!s petition
on account of interest.
Since then
bondholder committees offered amend¬
ments, which have been approved by Judge Kirkpatrick, by which the.
refunding bonds and debentures will share in the distribution of $6,335,695 on a 64.21% and 35.79% basis, respectively.
In an unanimous decision the Circuit Court held that the question
19,833,915
17,197,396
cost-plus-fixed-fee
159,
Judge
12,457,427
24,648,369
—
electric
the company and the four major
780,0*1)0
12,264,272
——
Total
Co.—Earnings—
1944—Month—1943
rev
in stock.—V. 158, p. 2474.
Philadelphia & Reading Coal & Iron Co.—Dismissal of
for
183,620
178,615
2,821,150
—
.tCapital stock
Accounts -payable and accruals—:
$4,519,464
revenues——
oper.
share has been declared on the common
holders of record April 15.
Distributions
April 20, July 20 and Oct. 22, 50 cents
per
22 to
follows:
William H. Kirkpatrick on Dec. 3,
and Lawrence Schrager, bond¬
to pay $8,000,000 to the re¬
funding bonds and debentures on account of principal and interest, has
been sustained by the U. S. Circuit Court of Appeals in Philadelphia.
199,148
tax—.
charges
Res/for
Northwestern Bell Telephone
.
'•
•
107,955
securities——
Government
S.
Unbilled
totaled 39,157,000 kwh.,-as ^compared with 38,015,000 kwh. for the
corresponding week last, year, an increase of 3.0%.—V. 159, p. 1451.
-
cents
50
as
Dismissal by Federal District Judge
1
misc.
Post-war refund
Northern States Power Co. (Del.)—Weekly Output—
t
j
159; p. 1451.
$305,015
'
,
April
were
ended
1943,
21,519,404
1
-Inventories. ————4—•a——
■
stock,-consisting of ■!%, 6% and
cumulative preferred, has been set
issue of 5%
new
of
9,324,000
holders
19,189,207
investments
—//
and advances to English subsidiary—
and
Mortgage
hearing by the Securities and Exchange Commission on April 21.
a
—V.
•
a
presently
319,601
& exp.,
Suit Upheld—
1942
1943
>'•,-,
,
The
y
31
Dec.
"Property investment _1_1
"Right's, franchises, etc.—/
-Deferred
refinance its
(net)
prem.
•
payable
year
—V.
resulted in a refund to
charged to reserves
Provision for renegotiation for 1943 has been
the same basis as the settlement for the pre' ■1,1 '>(
/'■ -V
of
Financing Plan—
company's proposal to
319,523
66
disc.,
2051.
p.
dividend
week
of
27,043,994
Northern'Indiana
The
1.
$2,100,000 provided therefor in. 1941;
tAfter
of
substantially
on
Accounts
■t'i
2,522
'
•
1,499,134
share-'—.
Government
ceding year.
intercompany
;<.;•
,
300
3,085
$303,175
debt
each, and Dec. 20, 50 cents in cash and 1%
_
amortization.
S.
provided
mission has announced.
The Commission will consider the contention
a group of preferred stockholders in North American Light & Power
"</Co., represented by Lawrence W. Condon, that claims asserted against
Light & Power by the Illinois Power Co. and Illinois Traction Co. should
be borne by the North American Co., top holding company of the sysp.
of
150
subs.___/.—^
Pepsi-Cola Co.—50-Cent Cash Dividend—
stock,
2,000,000
4-
year—
Note—Renegotiation
,
7
./of
158,
66,702
of
deductions
'
income
158,"
A
'
post¬
;'\claims will be reconvened April 17. the Securities and Exchange Com-
,tem.—V.
79,256
property
1,300,000
•'.tOf- automotive selling branches and subsidiary companies.
;
t
•
Net
7,800,000
Cr780,000
profits tax Cr2,040,000
and
7,047
,
—V.
2,140,000
tax—.—_
exc.
721,541
etc., of Pennsylvania State Water Corp._____
in¬
___1——
"Includes
North American Light & Power Co.—Hearing Apr. 17
„'
of
Surplus
Earnings per common
made
',,
profits
1942
$1,415,745
719,975
deprec.
normal
contingencies
1943
$1,425,164
I
& retirements
;
account adjusts
deprec.
of
other
amort,
Subs.)—
Philadelphia Electric Co.—Weekly Output—
months Continental Bank &
agent for the company and there,-.
159, p. 451.
for
Int.,
12,888
______
(&
/.
|taxes
&
Minority interest
.
;
surtax—
refund
Dividends
six
V after will act as liquidating trustee.—V.
,
adjustments
Net
the
out, -to
15, N.. Y.
York
in
for
and
Interest
Cr752,337
31—
Dec.
maint.
Amortization
7-
84,887
_—__
.
exp.,
Provision
' *
.
fl29,190
*__«
$98,130,353
~
-
earnings
Oper.
last
filled
properly
3,253,459
'''
Gross
Corporation
Water
State
12 Months Ended
3,763,491
1,296,624
and
Germany,
Broad Street, New
approximately
:
off
deposits
Federal
and
for
war
date
a
2,586,755
*1,352,013
investments—.
excess
Post-war
later date, but thereafter will be void.
certificates of stock and fractional scrip
are entitled,
they should send in their
of
Pennsylvania
91,383,195
3,155,692
*1, 389,903
—_______/
for
tax
Prov.
for
in r reserve
of
value
come
be
between
writ,
dies
banks
Provision
holders
& Trust Co., 30
period
a
310,461,467 199,287,060
1944—3 Mos —1943
$38,491,467 $35,512,704 $99,644,430
1452.
p.
Income-Account—
101,132,362
__
1944—Month—1943
Sales
inventory and commit-
claims
on
/closed
by
will
and
tools
Automotive
Reduction
be
shares
hostilities
America
Period End. Mar. 31—
$
341,261,650 223,069,602
Recov.
6%
of
entitled there
Nov.
present
of
States
2
tLoss from operations——
therefor will be issued.
are
$
340,716,931 221,922,430 100,817,403
544,719
1,147,172
314,959
etc.
sales,_^___^__
Automotive
common
amount
entitled
more
(J. C.) Penney Co.—March Sales Increased 8.39%—
,
—V/159,
-mlent Ioss6s"__-_——:___
debentures.
shares of
principal
are
1941
ser-
—
in
one
autos,
Selling, general and admin, expenses
Depreciation
estimated
cash
income
1 23/1000
$100
holders
to
parts,
of
Cost
certain other liabil¬
cumulative
each
cessation
which
to
Co.
Trust
have been
scrip
United
debentures with
income
the
certificate of stock
a
share
a
the
Continental Bank
1;
6%
products,
war
Other income
to receive the cash,
certificates
;
in
entitled
the
of
whichever
Japan,
its
for
Colonial
of
after
governments
"
the
be
stock
months
-'13
'
$38
fractional
will
"
common
of
of
-vice
certificate.
These fractional
scrip
exchangeable with other similar fractional scrip
representing one or more full shares for certificates of
'
;
of
amount
an
'
..
in the corpora¬
company
payment of taxes,
debenture
are
fraction of
any
-issued
shares
aside
this
1942
'
debentures.
which
to
Sales
the plan of liquidation and
$157,820
which
the
company
is
now
the shares of common stock of Colonial
Co',
of Colonial Ice Co.,
stock
'
be
of
Years
Calendar
$
'
Total
assets
for
1943
•
consummating
with
Ice
of
Account
Income
•-
-
,
*
full,, it is
The order
holders
rights whatsoever
4,250
holders
Colonial
If
of
distribute
cash
the
setting
remains
cumulative income
The
except
expenses,
among
of
all of
After'
distribution
stock
-
.•'/•
.
are
Consolidated
7:
i..
.
v'.L
-...
company
its assets.
provide for the
there
to
.prepared
order
an
-s
*
the
things,. that, the
further
no
plan,
cash
to
(dissolution,
Ice
the
Co.
Ice
"
■
of
income debentures in
to the stockholders.
other
among
distribution of
to
sufficient
'
assets
distribution
shall have
into
converted
as
the
since
company's
any
provided,
any
Pursuant
,
make
stock
common
tion
the
pay
to
court
that
,
to
impossible
of
advises
company
entered
Delaware
...approving and enforcing the plan as amended.
1559
of
is
post-war
rehabilitation."
THE COMMERCIAL & FINANCIAL CHRONICLE
1560
prior
no
or
for Calendar Years
Income Account
General
in
experience
techniques,"
production
mass
the
Monday, April 17, 1944
The
report
—
traffic
Passenger
Transportation of mail
Transportation of express
Miscellaneous
i
—
~
——.
123,907
109,653
101,724
1,712,805
operations
1,270,519
1,181,907
_
expenses
is
Income
Account,
Ended
Years
Gross
"$7,242,720
$6,947,751
Voluntary
Z>rl99,846
net <£>r)——
1,039,786
43,372
715,844
$7,282,099
Dr580,297
586,407
Net railway operating income-
$6,003,088
$6,275,279
$6,115,395
Cost of
56,802
79,133
78,474
722,343
593,260
442,616
$6,782,232
$6,947,672
$6,636,486
Railway
accruals——
tax
;r,v,.;v:-";-V.
sales,
Joint
facility rents,
,
Dividend
income
.Other Income
income
income—
101,369
£2,327
fixed charges—
and equip..
Interest
$6,680,863
$6,855,345
67,609
sales
3,218,670
Other
$3,569,066
$3,236,907
—
$3,619,520
Net income
1.250
sink. & other reserve
funds——————
loss
$3,569,066
$5.41
$5.30
$4.56
' '/1943
Assets—
Other
Deferred
3,545.545
456,364
18.483
813,151
495.235
2,251,539
1,617,587
receivable
accounts
assets.
assets
._———.—
_
debits
—:
Total
1,130.092
14,106
194,063,503
200,786,993
Stock
cumulative preferred
11,200,000
prior preference stock.
12,429,000
Interest
Accrued
185,828
862.199
1,005,254
....
tNotes
Invest,
for
officers
and
Total
194,063,503
asset
.
Corp. of America—Asset Value—
share of
per
pensation
.
-
.
,
■
,
12 Mos. End. Feb.—
Taxes
(incl.
(not
income
Net
Amort.
1941
$2,524,053
787,292
689,895
incl.
taxes)
t533,290
+303,325
88,444
Fed.
—
$1,367,567
$1,855,217
$1,708,819
552.0%
548.510
5^8.922
676,000
Cr41,175
59,211
113.838
10,938
54,000
149,751
—
income
Retire, exp.
tax
(or deprec.),
avail,
Bal.
for
'Includes
125,338
»
$1,285,445
charges
& other deducts.
.Federal
p.
1^42
$2,730,953
*1,087,574
1944
income
Interest
1943
$2,703,466
1,090,273
maint.)
249,608
255,994
divs._
$773,584
depreciation,
$759,845
tlncludes
."■•*
1485.
$622,522
$892,463
Federal
income
tax.—V.
/
;•
Philco Corp.—Sales Un
to
and
Navy
work.
1943
sales
of
corporation
set
$18,803,929
hiah
new
a
on
Army
record
in
the company's history by a wide margin, and amounted to
$116,395,598,,
an iocren«e of
70%
0"<»r
ln42
of $68,505,9%. according to the
annual
Gubb.
report
signed
John
that
for
to
announ"»
1943
v-ith
for
1943
earnings
the
company's
for
1943,
income
after
President,
the
Pri-c
re+lct
for
that
renegotiation
v'<'^tment Board
r"">'-'sion
"ear"
for
the
and
and
Larry
Throughout last
corporation
in
the
year,
to
Reduce!
reduce
report
prices
purchasing and
conferences
the
of
final
report
all
E.
in
Navy,
Arm"
refunds to U.
production
income
income
share
fixed
as
policy
equipment
effected,
""ere
„the Government the benefit of incrc-c' efficiency.
price reductions totaled $18,803,°29 i« ""P'q.
so
to
as
These
War
"All
Production
activities
of
the
support
of
the
the
S'rt
effort,"
war
the
the
past
and
State
to
give
voluntary
report
directed
were
points
out.
"The
principal
products which Philco is manufacturing fcr the Army and
radar equipment,
radio, communications equipment, walkiesets, quartz crystals, rocket projectiles for the 'bazooka,' shells
and fuses, and industrial storaee batteries.
Demand for many of these
Navy
are
talkie
war
goods,
produce,
the
which
Philco
continued
over-all
production
same
to
e^pecbllv
increased
Research
"One
is
increase
of
Philco's
front
during
qualified
the
year.
to
engineer
The
month by month
in the early months of
Radar
and
Electronics
and
company's
in
important
been
radar
its
and
contributions
research
electronics
and
1943
and
1944."
Fields
where
to
the
war
there
has
debt
Federal
retirement
amounting
on
$220,000
in
,
1942
4,511,394
securities
and
notes
4,583,654
4,632,497
64,281
receivable.—
62,124
v
with
and
4,345.297
trustees.
and
rec.
6,506,511
13,409,770
deposit
on
•
—A— $28,132,573 $29,077,680
advances
Long-term accounts
12,208,698
-
458,471
r
______
249,160
sundry securities,
.charges
licenses
349,396
46,219
56,064
431,558
Total
85,926
501,384
$57,419,494 $58,436,477
Liabilities—
2,050,000
prior preferred
344,530
5%
class
6,473,639
7%
class
432,151
513,394
'
A
84,766
20,641
Funded
89,457
62 267
($100 par)—
preferred
B
SCommon
($100
preferred
9.218,200
964,200
' 1,102,900
4,862,190
(trade)
4.862,190
7,082,864
8,220,864
2,696,392
____:
payable
2,876,419
payrolls
48,795
110.566
308,569
398,230
IIAccrued
Government contracts
766,827
197,787
Accrued
122,294
Other
1__
779,650
779.650
4,535,999
4,116,429
4,535,999
11,712,978
785,877
779,439
2,508,170
Reserves
4,116,429
85.905,920
9,356,900
___l
debt
Accrued
$5,961,400
par)
($100 par)—
stock
Accounts
121,102
3,106,605
9,511,552
guaranty
;
U_,
;
for
.
.
6,229,242
Marketable
t3,310,309
accounts
31
Dec.
1943
and
ap¬
retire¬
)
Sheet,
Balance
Cash
5»/2%
taxes
$525,000
debt
for
$97,850.
to
account
Investments
and
1943
credit
and
taxes
'
«•
'Property
of
renegotiation Of 1942 sales after
profits
excess
Consolidated
com¬
;
of
purposes
comparison
tLess
revised
and
for
reserve
'
sales
taxes
;
interest
38,318
>.
•
credits,
12,151,439
8,138,077
7,576,794
I—
$57,419,494 $58,436,477
'After
depreciation
by
508,917
and
no
depletion,
shares,
par
tAfter
amortization.
lilncludes
$1,720,000
$2,502,333 in 1942 Federal and State income taxes.—V.
SRepre-
in
159,
1943
and
1484.
e
Pleasant Valley Wine Co.—10-Cent Dividend—
dividend of
A
stock,
cents
10
$1,
par
similar
payable
distribution
year.—V.
158,
was
per
share has been
April
29
made
on
declared
of
holders
to
April
30,
on
the
common
April
record
26
Aug.
and Dec.
17.,
A
15,-last
1673.
p.
Procter & Gamble Co.r—Extra Distribution of 25 Cents
;.The directprs have declared
the usMl quarterly
and
stock,
*?.v
■
1,454,868
12,095,958
surplus
sented
1.136,104
1,458,525
liabilities
current
Earned
44,735
1,470,621
.__
Capital surplus paid in
No
;
on
the
in
those
been
little
The
—
an
dividend of 25 cents per share
extra
dividend of 50 cents per share on the
common
value, botl; payable May 15 to holders of record April 25.
payment was made last year.—V. 159, p. 1044.
par
no
extra
Public Service Co
to
Net
year.
with
compared
$66,624,191
after
earnings
$2,488,074 in
with
charges
all
Operating
in
$70,995,700
has
under
been
Board,
into
the
agreed
subject
War
to
approval
consideration
the
and
net
credit
profit
of
the
for
the
the
by
net
earned
Department
War
Secretary
of
Price
War.
After
refund
of
surplus.
$97,850,
-
by $97,850.
taking
the
..
.
balance
of
the
$1,636,373
•
.
,
After
the
general
due
of
the
consideration
that
31,
basis
no
of
provision
is
settlement
all
factors
known
for
necessary
the
for
the
betterments
$2,505,156
year,
as
compared with $5,457,009
previous year,
.The installation
on
this
spent
for
was
ended
2,193.569
2.059.187
250,811
1,869,805
1.314.511
107,317
1,110,697
107,317
516,863
2,140,425
2,570,263
$868,158
$1,025,481
$5,657,162
$5,905 531
16,076
13,192
$884,234
$1,038,673
taxes
taxes
the
Net
1.145,368
2,675,649
*
tax
—
operating income
income (net)
Other
same
Gross
Int.
and
purpose
the
of .additional. cold drawing
facilities for the manufacture of certain types of seamless tubes at the
in
396,012
187.604
10,339,644
-
*Chgs. in lieu of Fed.,
..
and
is be¬
improvements
plant
398,028
1,020,320
Federal
year
time, it
refund for the year
a
spent
was
1,353,920
2,695,135
Excess profits
•.
1943.
During
461,703
.
preceding
at
169,110
456,838
depreciation
Normal and surtax-
de¬
A part of the company's sales for the year ended Dec. 31, 1943, is
subject to renegotiation under the War Profits Control Act.
However,
on
2,039,322
for
State, local and misc.
resulting reduction in Federal excess profits
retirement, the proposed refund will reduce
1942
11,511,491
207,061
Prov.
Adjustment
1,873,881
Maintenance
debt
previously reported for
such
to
with
1
1944—12 Mo«.—1943
$4,801,178 $28,533,214 $26,117,966
Taxes:
Operation
made to Dec. 31, 1942, have been rene¬
Profits Control Act and a refund of $515,000
upon
1944—2 Mos.—1943
$5,177,331
revenues
Operating Expenses and
$1,734,223
were
1942.
Sales prices of shipments
gotiated
Indiana, Inc.—Earnings—
Period End. Feb.—
report shows:
amounted
previous
income
and
'Net
other
deducts..
411,910
income
$472,323
Preferred dividends
87,592
49,908
$5,744,755
$5,955,439
-
505,779
\
2,922,105
3,141,161
$532,894
$2,822,649
$2,814,278
185,232
____
740,798
.
plant
by
completed
actively
in
used
by
tubes
needed
in
Corp.
projects,
the
in
tion
has,
process
the
the
a
of
blast
furnace
1944
therefore,
of
company,
spring
be
that
and
rental basis
The
products
furnace
department
not to
been
a
for.
agent
as
1943
the company on
the.war effort.
namely,
hearth
open
Febiq#ary of
and
at
Defense
project
the
for
of
two
additional
Monessen,
and
now
Defense
being
of
Plant
equipment
were
for
determined
Construc¬
are
*The
Corp.,
production
to the war effort.
the leases involved
necessary
stopped
Plant
is
Common
in
the
dividends
charges
represent
been
income
the
and
if
debt.
Such
Federal
company
profits
excess
the long-term
of
equivalent
the
settlement of
term
of
lieu
amounts
payable
276,942
____
in
a
tax
to
1,107,769
income
and
additional
did
not
purposes,
taxes
have
of
the
which
benefit
deductions
———
profits
excess
would
for
taxes,
have
Federal
resulting from
long-term lease and from the refinancing of long-
amounts have
been
credited
lease and to unamortized
respectively.—V. 159,
p.
to
debt
the
cost
discount
of
settlement
and
expense,
1484.
cancellation.
In
November, 1943, the directors authorized the appropriation of $1,700,000 for the building of a new automatic tube mill at the Allenport
plant to replace the present No. 3 mill.
The new mill will have a
range
engineering
for
tBefore net refund
of
Assets
$4,666,636
4,400,000
customers-*.—__e.
renegotiation:
of
sizes
substantial
most
has
specialized fields of
in
well
steadilv
situation has prevailed
production
Govt.
expense
bond
annual
Net
was
year
credit
<•
Deferred
Pittsburgh Steel Co.—Annual Report for 1943
of
as
Tn«re3sing
durin?
compan"
ment
$58,236,665 $33,994,540
Allenport
to
S.
488,300
—
—————„699,934
1290.
P.
Dec.
the
1942.
tPatents
for the final
allowances and un¬
collectible notes and accounts of $392,523 in 1943 and $386,713 in 1942.
fLess U. S. tax notes and accrued interest of $8,086,018.
SUnder date
of Jan. 29, 1943, the company entered into a credit agreement expir¬
ing Jan. 1, 1946 (V-Loan), with various participating banking institu¬
tions providing for a maximum extension of credit of $30,000 000, of
which $15,000,000 had been borrowed to Dec. 31, 1943, and $25,000,000
had been borrowed up to March 27, 1944.
Company is not required
to assign collateral except
upon the occurrence of an event or events
of default, or upon the
suspension of the maturity of the loan or any
portion thereof.
Likewise, there i$ no limitation upon the payment of
dividends, except where such payment would have the effect of reduc¬
ing the consolidated net working capital below $8,000,000.—V.
159,
after
Navy
81,556,000
plication
46,880
income
of
lieved
was
$3,169,598
*After
in
•'•
Total
carried
1942.
and
$2,488,074
Total
of
#.89V)2?>
"-ta'-'v it
on
t$l,734,223
$33,994,540
"•••?'
;
duction
Net
per
„—.
profit
$58,236,665
surplus
and
State
and
$2.«0
or
have
renegotiation
states.
Federal
taxes,
was
$3,573,569,
$2,209,932, or $1.61 per -diare
Prices
economies
renegotiation
profits
excess
compared with
the
Pallantyne,
2,050,000
excess
Inventories
Surplus
taxes
pleased
are
been held
and
by
Chairman.
"W"
-1,575,000
309,797
Reserve for contingencies
Common stock (par $3)
$116,395,598; Renego¬
totaling
1,125,000
*4,725.000
307,221
refrigerator
the
reductions
State
1,160,000
Accounts
-*
25,927
•-
.
1,188,096
—
*1,980,000
475,742
warranty on
compared
voluntary price
coal
&
-358,748
.
tax
268,722
for
:•
^
tiation Completed for 1943—
after
56,383
.
159,
^ .'•*.
70%
287,848
120,707
1,413,471
1,679,822
372,352
,
Fed.
3,223,707
for
1943
Even
2,389,120
366,668
&
taxes
291,708
other
result
$2,909,008
revenues
of
Federal
1,380,541
allowances
•
Philadelphia Suburban Water Co.—Earnings—
for
for
Net
1,416,539
—
289,489
83,842,446
3,415,508
etc..
disc.
sale
3,301,820
Accrued
Capital
notes,
bond
profits tax_—
excess
voluntary
war
$8,732,632 $12,408,350*
76,234
of
profits
■
126,8J6
'.'"".'v:..
*Submitted
Gross
1,798,521
22,462,399
investments
and
377.415
$8,818,650
624,335
depl.
machinery and equipment—
Federal
Employee
deprec.,
income
subsidiaries,
commission, payroll and incentive
Deferred
shares of crpltal
868,938
Prov.
.
1,585,137
advances
Reserve
stock of the
•corporation outstanding at March 31, 1944, was $9.77, the company
reports.
Net asset value per share of 1.853,000 shares outstanding
at- Dec.
31, 1943,
was
$9.40,
and at March 31,
1943, net assets
amounted to $8.99 per share on 1,856,000 shares outstanding.—V. 159,
p. 740.
■
—
'/
"
'
■
'
'
■' '.T.
Operation
from
$3,552,957
438,056
eh?*.
,
due
amounts
2,044,667
$8,441,236
——
other
bds.
on
Prov.
8,899,488
1,742,175
4,516
217.258
11,887.817
—
in
2,518,190
properties
.
8,602,473
trade—i—1,469,795
subsidiary not consolidated*
325,265
receivable,
Miscellaneous
value
Loss
29,200,806
50,494,560
*1942
Accounts
Accrued
200,786,993
>
*
payable, banks
$15,000,000
payable, trade„,____»_„__«—* 11,493,566
Accounts payable, subsidiaries net consolidated
331,132
34,864,075
.
1940'
2,528,508
expense
1942,
SNotes
Accrued
10.536,408
31
Dec.
Sheet,
contracts
war
accounts
tor
Years
1941
V
56,683,178
amortization
on
Amort,
$5,501,904
Reserve
Net
Balance
„———
282,585
14,552,099
Int.
the
for
and
•
'
1943 and $475,742 in
U. S, bonds and accrued interest—
Provision
159, p. 1389.
Petroleum
of
hand___——$16,584,889
on
Liabilities—
241,277
Calendar
for
1942
'
2,351,327
income
Cash
1,552 414
551,106
.*—
the
for
.."
..
in
of $904,800
charges to future operations
211,411
———
revised
shareholders resolution of May 27, 1940,
compensation payable in any year
salaried employees to % of 1% of consoli¬
refund
and
buildings,
Deferred
Account
•
Balance
additional
or
post-war refund of
Land,
post-war
by
this company
by
$8,294,576 $11,784,015
administra-
--Prof.^bef.
$1.83
^
on
Intangible assets
4,168,033
...
'
account
1942
and
valueless
rendered
consolidated
not
taken
be
can
efficiency
sales—55,978,287
expense
Other
1,369,768
^
_
of
authority
bonuses
Miscellaneous
39,585,855
surplus
*
1,029,107
$1.61
of
tive
$2,513,569
$2,209,992
:
$2.60
,
comparison
of
purposes
inventories
Accrued
-V.
share——1—
Inventories
341,629
__
Appropriated surplus
Total
——
renegotiation.
on
receivable,
in
accomplished
be
can
to be
year's
It is our
——-
receivable,
Account
war
and
efficiency of operation that should result in a
improvement in the company's ability to serve the post¬
demand
During, the
462.270
v
$66,624,191 $70,995,700 $61,453,985 $34,798,430
779,650
post-war
and
the
Income
—
1943
Accounts
„
,
that
step
increase
1943
144,675
banks
in
states:
good
beneficial
to
Consolidated
130,855
Asscf,s
Cash
ex¬
'/;■
prognostication unwise at this time.
sales
Cost
Consolidated
1,123,047
Unadjusted credits
Earned
of
while
most
Selling and
net sales for such year.
SNet
such
further
been
'
Net
1,783,775
of
directors,
dated
7,135,377
liabilities
liabilities
$8,460,603
4,039,150
common
limits
has
directors.
and ability of its working
organization and to take whatever steps can be taken to maintain the
plants at a high degree of efficiency.
This is being done.
871,510
under
347,476
—:
liability^
current
Deferred
to
161,720
wages
accrued
interest
tax
which
the
continue
to
stoppage of civilian production.
tPaid
of
making
of
privilege
1944,
31,
board
Outlook
President,
much
that,
studies,
4,281,674
2,429,262
payable..
payable
unpaid
matured,
Unmatured
Other
and
accounts
the
While
927,100
contingencies
loss
69,800,000
2,765,111
Traffic and car-service balances (Cr)_,
accounts
11,200,000
12,429,000
62,628,948
2.169,384
stock—
debt unmatured
Miscellaneous
45,046,000
45,046,000
—
cumulative
5%
Audited
result
+Net
Est.
5%
Funded
final
Carter,
opinion,
800,000
4,400,000
tax
surplus ——
$3,573,570
paid —1.372.143
Investments
LiabilitiesCommon
461,960
1,020
current
Unadjusted
for
Balance,
1,083,978
dividends
The
March
on
by
a
.
supplies—
...—i—.
4,162,427
receivable..„—23,208
and
and
Interest
exchanged.
1944,
has been spent on the purchase and installation of
the products of which would have only a war time appli¬
we expect
the post-war demand for some of our prin¬
products to be substantial, due to the backed up demand for
Prov.
412
Miscellaneous
Material
income
"Submitted
1,231,587
1,357,156
from agent & conductors
Net balance receivable
been
terminate
products, the many imponderable factors that would have
taken into consideration in
forecasting the results of the present
176,650
—
receivable
bills
Loans and
not
30,
money
$8,637,253
156,085
$17,877,379
1941,
12,
Aug.
on
those
!•
fi
$
'
_
H.
profits* tax
8,143,200
tax
————371,550
Earnings per,
1942
173,580,154 173,612.545
7,605.794
Cash in treasury.——————.——
8,014,862
474,796
Cash in transit
567,281
540.000
U. S. Treasury notes, tax series B, 1943—..—
160,000
U. S. Treasury notes, tax series B, 1944—_
4,000,000
2,009.375
U. S. Treasury notes, %%, series A, 1944..—....
2,009,375
150,000
U. S. Treasury certificates, %%, series E, 1943.
——
37,500
Other temporary cash investments.—.„__
37,500
1,567.448
Special deposits
—————
2,281,976
road, equipment, etc.
had
June
to
operations make such
$9,099,066
25,385
deducts.
&
excess
Dividends
31
stockholders
equipment,
$3,235,657
....——
,
preferred
cipal
409,481
income
SFederal
Provision
$3,619,520
Comparative General Balance Sheet, Dee.
:
7%
77,073,636
$8,689,585
inc.
income
Federal
_
share
B
57,303,891
10,745,009
564,132
$17,469,692
other
preferred
5V2%
offer
At the end of the year, holders of 93,569 shares
preferred stock had exchanged their stock on the afore¬
basis, and there were outstanding only 9,642 shares of such
due to
little
•-!
^,1—407,688
bef.
7%
B
company does not anticipate any great problem or expense in
reconversion to the manufacture of
ordinary peacetime products.
Very
tl,105,776
Renegotiation refund to U. 8. Govt.
and
Inc. bal. transferred to profit,
.
exps.
deductions
State
Investment in
sell
—_
class
The
———
49,617,049
8,581,315
512,255
of
7%
that
Joseph
iv/;/?.
68,505,979
-
88,956,425
9,129,514
839,967
inventories
income
Total
Inc. applied to
per
stock
is
Other
Earnings
•
(including excise
and
compensation
Net loss on
3.228.512
debt
on
class
exchange,
$
5,000,000
116,395,598
goods sold
66.816
roads
share
shareholders in 1937.
mentioned
77,073,636
73,505,979
/■
18,803,929
—
royalty)
Adiminstrative, gen.
$6,532,235
69,285
2,992.053
for
leased
for
each
share of prior preferred stock, first series,
A 5%
preferred stock, pursuant to the
a
*1941
:
135,199,527
———
adjustments
on
———i—y
and
tax
Profit
Income avail,
Rent
lege
104,250
from
deductions
Miscell.
^ :
*1942
■
to opera¬
compared to
$4,571,726
been extended from time to time, was continued through
This exchange privilege is identical with the exchange privi¬
resulting from the plan of capital readjustment adopted by the
of class B
returns
;
—
S
charged
taxes
was
has
cation.
^Incentive
Total
'-'f'"
dicounts,
price
.
contracts
war
Net
,
less
allowances
and
Operating income
Equipment rents, net
local
year
class
■
revenue—————
and
the
the year.
31
Dec.
1943
operating
for
exchanging
of
such
to
State
income
of
share
tended
$15,855,061 $11,766,822 $10,685,488
8,612,341
4,819,071
3,403,389
Net
privilege
which
the
with
preoccupied
Federal,
to
1942.
,
4,917
(Cr>
Transportation for investment
Planning
affairs of war production,
it is mindful of the necessity of being prepared for peace," according
to the report.
"In this spirit, a Product Development Committee is
studying post-war markets and making plans to advance the com¬
pany's
position
after the war
in
the fields of radio,
television,
refrigeration, air conditioning and such other products as might fit
logically into the company's merchandising structure."
;v
::
Philco
in
for 4/10ths of
one
made
Post-War
—
$55,052,804 $44,311,307 $39,048,003
Total operating revenues—
5,053,843
6,122,269
8,647,832
Maint. of way and structures——
7,468,478
8,828,874
9,453,289
Maintenance of equip."nent_——-j.
800,583
825,163
836,109
Traffic
13,760,897
15,388,007
18,423,801
Transportation
General
The
stock
and
of
direct
or
$7,263,823
laboratories are among the largest in
the
world
to radio and electronic engineering,
.employing 500 scientists,; technicians, • and
research assistants and
devoting in excess of $2,000,000 a year to research and engineering;"
Philco research
devoted
exclusively
the
"Today,
"While
Miscellaneous
amount
tions
points out.
1943
$48,825,731 $40,096/595 $35,895,153
—3,684,738
2,125,625
1,089,319
456,434
460,035
470,471
454,526
359,047
239,3%
1,631,373
1,270,007
1,353,665
Operating revenues:
Freight traffic
for
oil
an
country
pipe.
year the company
against ;$3,784,803
ill
spent for repairs and maintenance $4,-
1942,
-
-
-
-
Quarterly Income Shares, Inc.—8-Cent Dividend—
A distribution of eight cents per share has been
declared, payable
May 1 to stockholders of record April 15.
This comoares with 12 cents
per share paid on Feb.
1, last'.
Payments in 1943 were as follows:
Feb. 1, 13 cents; May 1, eight cents; Aug. 2, nine
cents; and Nov. 1,
eight cemts.—V.
L,
/
-
159, rt. 585.
_
IContinued
on page
1597)
I
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery tales are disregarded In the
«»
New York Stock Exchange
WEEKLY
-
1561
YEARLY
-
day's range, unless they are the only transactions of the day. No account Is taken of such sales In computing the range for the
United States Government Securities con the New York Stock
Below
furnish
we
Apr. 8
Dally Kecord of D. 8. Bond Prices
Figures after decimal point represent one or more 32d of a point. (See note below).
Apr. 10
Apr. 11
Apr. 12
Daily Beeord of C. 8. Bond Prices
Apr. 14
Apr. 13
Treasury
[High
.j Low
102.12
[Close
[High
2'/2s
100.3
5
1
Total
sales
in
55
5
Low
[Close
Total sales in $1,000 units
Low
^Close
[High
Low
\
2y4S, 1952-55
units—'
[Close
High
Total sales in $1,000 units
Low
[close
.
ay4s, 1954-56
—J low
[Close
;
units
'
[Hign
j Low
—
[High
..;
.
Total sales in $1,000 units
100.7
100.7
100.7
100.7
100.11
100.11
Low
100.7
100.7
100.7
100.7
100.11
100.9
[close
100.7
100.7
100.7
100.7
100.11
100.9
5
1
5
[High
[close
2Vis
Total sales in $1,000 units
i
1956-59
High
Total sales in $1,000
Low
3s, 1951-55—
units
Close
1947
8fl,
112.3
[close
112.3
Close
Total sales in $1,000 units
1 High
*1>4
2s, March 1948-50
j Low
(High
I Close
\' Low
[Close
Total sales in $1,000 units—
Hign
106.27
Total sales in $1,000 units
[Close
Total sales in $1,000 units
$1,000 units
(High
100.7
| Low
100.7
$1,000 units
2s,
8ept.,
1949-1951
[close
Total sales in $1,000 units
[High
"v
2b, Dec.,
Low
23/4S, 1958-63—
1949-1951
$1,000 units
,r'v
High
High
Sept.,
2s,
103.9
103.9
units—
Total sales in $1,000 units
5
[High
[Close
*4%
j Low
[Close
—
103.31
Low
103.31
[ High
1%S
103.31
.Close
103.22
2%s, 1952-54—
$1,000 units
[High
{ Low
1948
[Close
Total
$1,000
sales in
units
3
Federal Farm Mortgage
High
103.22
j Low
[Close
$1,000 units
Low
3s, 1944-1949
103.22
Close
3
.".
Total sales in $1,000 units
f High
[
Low
Home
Owners
Loan
[Close
Total sales in $1,000 units
3s, series A,
[High
•[ Low
1944-1952—
[High
2%s,
i
1963-1968-
[Close
Low
sales in $1,000 units
Total
(Close
Total sales In
Total sales in
[High
$1,000 units
l'/as, 1945-1947
[High
( Low
[Close
2'/as, June, 1964 1969
100.3
100.3
100.3
100.3
100.3
$1,000 units
Close
Total sales in
•Odd
22
2
LOW AND
Monday
Saturday
*57%
112%
58
57%
*noy2
*110%
ny4
51
58%
*58
51
58
58
11%
11%
April 12
$ per share
,57 y2
57%
57%
112%
*111%
112%
*56%
30
11%
*29%
51
57%
11%
30
lot
*51
52
Friday
April 13
April 14
$ per share
57
57
*111% 112'%
*50 %
51'%
$ per share
1,200
51'%
130
Abraham & Straus
58
200
Acme
*56%
58'%
*56'%
11'%
11%
11'%
6,100
11%
*29%
30
V-
100
preferred
i%
'
30
Steel Co
Adams
.
Express—
Adams-Milli8
20%
20%
20%
21 y4
20%
'20%
20%
20%
20
20
1,100
Address-Mutigr
41
41 y4
40
40%
40 Yb
40 %
40'%
40'%
40
40%
4,200
Air
*137
139%
*83
6%
6»%
6%
86
6%
*83%
6
87%
6%.
139%
2%
139 %
139 %
*139%
139%
2»A
*137
2y8
2 >8
83
83
6%
2"-»
9 >4
2%
2%
*84
5%
140
88
6
140
2'%
2%
*83%
6
*139%
2'%
70
87
6'%
14,500
120
143
2%
11,300
28 »/4
28%
28 y2
28%
28%
29%
29
30%
28%
28%
28%
28%
13,700
*50%
50%
50%
50%
51%
52%
51%
52'A
50%
50%
50'A
50%
1,700
25
25%
25
25'%
6.100
25 %
25%
25%
25'%
25 y8
25%
25 y8
25%
*79 %
80%
*79y2
80 'A
*79-/2
80%
79%"
80J%
*ioy8
10%
*ioy8
*1*4%
145%
*13%
32%
■Ptor
145
10%
footnotes
10%
10%
10'%
lC'/a
142 y2
142%
142%
142%
*13%
14'%
*13%
14%
32%
32 %
32%
see
page
81
10 %
144%
32 y2
15
?
*79%
10%
142 %
145
-1571.
*13%
32
*79%
10'%
143
♦13%
14
*13%.
32
31%
32
100
1
100
Corp
pf A with $30 war
5.900
Chemical
&
Mills On Tnc
52
Jan
57%
10% Jan
27
13
75
124
2
Jan
3
Mar 29
23y2Jan
3
Jan
Feb
22% Mar 11
14%
Jan
Apr
32% July
21% Mar
42y2 Mar 13
38%
Jan
48 y8
85
67
Jan
76%
Sep
Jan
7%
Apr
Jan
128%
Deo
140
Apr
15
13
3%
85
5ya
Jan
32 y4
45%
Mar 18
13
Jan
Mar 16
18
y8 Jan
64
Jan
21
3
26
13% Mar 18
30
Jan
25
80'A Apr
12
Jun
3% July
Jan
2% Mar 18
33% Mar 20
58
9'A Jan
5
6% Jan
6
28
142% Jan
par
Mar
4
Jan
Sep
7%
Mar 17
3
70
Sep
July
25%
12'% Mar 16
Jan
37
No par
Nn
Mar 16
24% Jan
1
Dye
Allied Kid Co
Allied
Jan
41%
29
$2.50 prior conv
Allied
35%
58
5% Feb
10
Allen Industries Inc
1,100
14
31%
5%%
51% Mar 31
3
Albany & Susquehanna RR
Allegheny
111'A Mar 13
3
6
100
115%
Nov
17
24
13
Min
63% Mar
Jan
Jan
preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
'
32%
Gold
108
Highest
$ per share
Jan
Jan
39% Jan
700
10%
14 %
Juneau
Alaska
51%
53
19% Jan
Alabama & Vicksburg Ry—
$ per share
11
47
10
Corp
Inc
Jan
109% Jan
30
120
81
143
Reduction
52% Feb 21
61
26% Jan 31
'
20%
41 Va
81
No par...
—25
No par
No Par
$ per share
No par
Corp
20%
6%
No par
Abbott Laboratories
57%
112%
Year 1943
Lowest
Highest
$ per share
Par
57%
11%
*29%
Lowest
Shares
41
81
Range for Previous
Range since January 1
STOCK
YORK
♦50'%
57%
30
registered bond.
EXCHANGE
the Week
*1141/4
11%
/
of
^Transaction
sales.
STOCKS
NEW
Sales for
Thursday
57%
*29%
$1,000 units
RECORD
PRICES
Wednesday
*110%
51
11%
*29%
30
*29%
$ per share
SALE
57 y2
112 %
51
51
April 11
$ per share
$ per share
HIGH
Tuesday
April 10
Low
■
100.5
NEW YORK STOCK
April 8
100.21
Total sales in $1,000 units
units
2%s, 1962-67
12
100.21
[High
1953-55
2s
High
Total sales in
10
100.21
Low
Close
Low
2%s, 1956-58—
8
$1,000 units
Close
Total sales in
100.16
Total sales in $1,000 units
High
in $1,000
100.16
100.17
High
.Close
1950-52—
100.16
100.17
100.15
1951-55
2s,
Low
Total sales In $1,000 units
Total sales
100.17
100.15
•
Total sales in
High
2%s,
100.15
LOW
Close
2s, 1951-1953
Total sales in $1,000 units
ay»S, 1949-53—
4 Low
1950-1952
[Close
[High
•{ Low
1948-
2%S,
j Low
(Close
I High
103.9
Low
Close
Total sales in $1,000
1950-1952
[High
Total sales in $1,000 units
units—'
1945
2%s,
March,
28,
Low
.Close
$1,000
Low
Total sales in
units—*
23/48, 1960-65—
.■I
[close
^Close
Total sales in
^
5
Hign
$1,000
[High
t Low
100.7
[Close
1956-59—
Total sales in
[High
•{ Low
2s, June, 1949-51
[ High
Low
| Close
(
2%s, 1951-54—
Total sales in
[Close
*7 Mi
Total sales in $1,000 units—
2%s,
\ Low
106.27
^Close
2s, Dec. 1948-50
106.27
Low
Total sales in
High
[
$1,000 units
23/4S, 1948-51
20
LOW
112.3
[High
-j Low
Total sales in $1,000 units
Total sales In
3
$(»
High
units—*
2%S, 1945-47—.
100.14
[High
High
I
100.14
\
2y4S, 1951-53
units—.*.
—1
2
100.14
Total sales in $1,000 units
vClose
3yas, 1946-49
100.5
•
[High
i Low
Low
3^8, 1944-46
Total sales In $1,000
100.5
100.5
I Close
5
2%s, 1955-60—
100.5
100.5
$1,000 units
2%S, 1967-72
105.27
High
3s, 1946-48-
100.5
1Close
$2
[Close
Total sales in $1,000
100.3
[High
{ Low
1965-70
105.27
Total sales In $1,000 units
:
100.3
100.4
Apr. 14
100.3
105.27
j Low
3yes, 1949-52—
Apr. 13
100.3
1
102.12
Total sales In $1,000 units
Total sales in $1,000
Apr. 12
Apr. 11
100.3
100.4
Total sales in $1,000 units
102.12
3%s, 1946-56-
Apr. 10
100.4
{
1964-1969
[Close
Total sales in $1,000 units
4S, 1944-54.
Apr. 8
fHigfc
2Mas, Dec.,
-j Low
4y4s, 1947-52
Low
[Close
f High
_
Total sales in $1,000
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
a
Stock Exchange during the current week.
Treasury
year.
Sep
Sep
31% July
75
«
11%
May
Jun
7
Jan
Jan
7
140%
Jan
16% Feb
5
10%
Jan
14% May
35% Mar 27
16 y4
Jan
37%
11% Mar 16
150
165
July
Nov
$
share
per
V%
I6V2
161/2
101 »/2
*99%
101 Va
16
34s8
1A
rl
18%
17%
3
3
*234
36
36
*353/4
16
100
rife
*234
18
18
3
*35%
36%
*3534
X84%
85%
36 Va
*35%
36%
84 Va
83%
84 %
36
100
85%
36
*35%
89
4.400
83
83'/a
28 »/2
29
29
29
28 Va
28%
28
28
63
63
63
63
62%
62%
60
61%
60%
63'/2
"62
83
29
83
*28»/2
83%
Amer
1,300
61%
American
173/4
17%
*17%
173/4
*17%
17%
*65%
66%
*65%
66
65%
653/4
30
65 Va
66
66 %
651/2
*65%
"65 Va
12%
12%
12%
1,800
38%
900
13Va
39 Va
39%
126% 126%
9%
9%
13 Va
13
12%
39
39
*126 %
127 V2
9V»
9%
88 Va
88%
175V*
175%
35y»
35V4
75 V.
75 V.
112
•11%
15
104
29%
30%
2%
2%
2%
176V*
176 %
353/*
34%
35 Va
75%
75%
74%
75
.
110.
109%
108%
"
114
114
115
*11 Va
11%
*11%
11%
*11%
11%
14%
14%
14%
14%
14%
*102%
103
'
104
2%
28'/*
28%
28%
*2%
25/a
2%
2%
2%
9
9%
93/»
*8 34
9%
*8%
26%
26%
*25%
2 6 3/»
25%
5%
5%
5Va
5 V*
5
89.%
883/«
88 34
88
88 V*
89
24%
24
243/a
23 Va
243/4
23%
24
"
78%
79
79
79%
78'4
78%
393/4
33/4
393/i
*39%
41
*39%
41
66
"
66 »/4
65%
66
*66%
66%
2334
*
78
78
3%
681/4
8
7%
TV*
lT3/4
17%
89%
90 Va
12
22
*67%
677/a
6%
6 3/a
67
*65
6%
*66 '
.
6%
47'Va
*46%
47%
18 Va
1634
17 V*
89 Va
89 Va
88%
89 Va
86%
88
15%
15%
15%
15%
*15'/*
11%
11%
113/4
113/*
22
21%
21%
118%
*3,4V4
34%
*343/8
34%
2%
2%
2%
,
34 V2
2%
34 V.
34V*
2%
34
2%
2%
48
48%
48%
48 %
45%
45%
45%
45%
45
*45%
45%
9%
9 3/4
9%
97/a
9%
9-%
88
15 Va
115/a
120
2%
Mach & Metals———No
American
400
2%
5.500
i 4,400
$6
4,700
$5
47%
47 Va
47%
44%
44%
443/4
9%
9 3/8
9%
9%
*166
-
175
'
t
13%
13'4
13%
13%
13
13 Va
12%
13%
67
66
6674
66
66%
i
66 »/2
6674
66%
17%
173/8
17%
17%
17.
165/a
17%
163/a
16%
1774
17
17%
*14'4
1434
143/4
14 V2
14%
14%
14%
14 V*
*14%
14%
"2»
28 3/a
28
28
28
38%
39
38%
38%
3734
38 V*
39
154%
154%
154%
154%
38 Vt
156 »/a
*155
*41'/*
154% 155
-
41 Va
*40V4
40%
40%
147%
41
42
*147%
150
"
*40%
41
*148
149
253/4
253/e
153/a
153/a
147%
25 Va
253/a
15%
*15%
15%
15 -
•
15%
% 15%
*20%
207/a
20%
20%
20%
20%
40%
151
25
15%
20 3/4
2074
*1473/2
*20%
36a/4
118'/2
119
37
36%
«36 Va
370
Amer
Ship Building Co
3.600
Arner
Smelting & Refg
240
v
500
1.200
.
213/a
i
36
35%
27%
27%
*27%
27%
27%
1573/4
157%
1573/4
157%
157%
,6.500
Amer
6174
61V.
61 %
61
61%
61
61
; 3.600
American
613/a
62V*
61
61%
60%
61
5.500
145
290
62%
6134
143
143%
142%
14374
62 %
143
143
*.
143 Va
143%
143%
10%
10%
4174
42
158
144
2,800
Amer
X41 %
41%
6 400
American
1074
10%
10 3/8
10%
10*%
433/8
42%
423A
42%
42%
413/a
118%
118%
*118%
118 y4
118V*
118%
118%
*117
119'/a
7Vt
7'3/a
6%
7%
7
7%
90%
*39
90%
lQ3/a
118
'
90%
*89
93
8%
*8Va
8
7%
73/8
7%
7%
7'/4
50%,
8-
8 Va
8%
84 V4
85
4%
4%'
4%
4%
50%
50%
*47
■
*45
*89
90%
50%
4%
4%
7%
*89
*84%
■85
84%
84%
*4Va
7%
'
-
*89
90%
ft
8
8
84 V*
83%
83%
4%
4Va
51
*45
"
43/0
50%
84
5
51
26
263/a
26 Va
26Va
26
26V*
253/4
26
25%
26
26%
26%
26
26%
25%
25,3/*
25 Va
26
720
25%
26%
243/4
25
25 %
25%
25
24%
115
*114
10%
*10
*2 Va
2%
*2%
2%
483/a
48 Va'
48%
48%
5.%
5%
5%
53/8
83
83
105
R4
84
*103
*103
37 V4
♦9%
97/a
*9%
9%
*9%
9%
113
*110
9%.
*
13 %
13%
*49
-
53/a
5%
-5-Vs
.
*82%
83
103.-
1033/4
1033/4
"V
363/4
10
uV
*9%
113
>■'!*
373/a
9%
934
93/4
*110
113
*110
49
49
*9,%
10
*2%
234
*2%
37
37
37
371/4
*10
10 V2
*10
83
1033/4
*114
115
*114
115
*114
lO'/a
*10
13%
1.10
•;.c
10
48%
5%
5%
83
82%
103 Va
*102Va
2'/a
49
5%
83
103%
500
*823/4
900
353/4
9'/a
9%
9%
*93/a
9%
9%
9 3/a,
9'V*
9%
113
13'4
*110
13%
99
13%
36
113
13%
36
36
7%
400
Arnold
700
j
,
Artloom
13%
13%
13 V2
I3V2
99%
99
9934
98%
98%
210
99
*98
99Va
98
991/2
91
92%
*92
92%
';1.: 92 V2.
92 Va
92 Va
92 Va
*91%
92 Va
180
91
*34 J/4
35 Va
*34Vt
35%
*34%
35 Va
*34
35%
106%
*106
1063/.
*90
♦341/4
35%
*106
106
106
106
106
106
106
35%
*34%
66%
10674
*106
68 y*
67
94
94
94%*
94%
2,700
39 V*
37%
38%
38%
38%
10,200
*27%
283/4
27%
27%
*26%
28
*26 %
28
*60
63%
61
61
*60
61
59%
61
66%
93%
94
683/a
37 Va
38 %
38 %
37%
*27 V.
29
*27 %
28%
*60
64%
*60
64%
<:
29%
29%
29%
29%
29
29 Va
29%
29%
28%
29
IIOV4
110%
110%
111%
111%
111
1U%
IIOV4
11034
111
13
13
13
13
12%
12%
54%
54
54
*53%
54%,
55%
*13
13 Va
13
*33%
Mi/4
54
54
*53%
*55%
56
56
56
553/8
56
*1161/4
117
117
*116%
117
7%
7%
*69 Va
*116%
*116'4
543/4
117
15%
*14%
15%
*14%
*7%
7%
7%
7%
*7%
*116%
71%
*69
70%
3%
4
3%
70
71%
3%
4
70
480
54%
400
55%
690
553/a
21
5
4
Jan
10
61
Jan
19
117
*7%
*69
>
3%
3%
3%
Jan
10
19%
193/a
11.400
■
193/4
May
46
'•*14% Feb
83/a Jan
v
7 3/a
Jan
47.
Nov
17'/2 May
Nov
7%
82'/4
Sep
153/2
Jun
12%
Mar 15
Jan
—
Goods
Oct
103%
Jun
7 3/a
Feb
5
20 %
Jan
27 »/a
Apr
Jan
13
116%
Jan
125»/2
Nov
x26
Jan
36
Oct
Mar 31
12
15
18
120
Jan
35
Jan
21
23/s Jan
13
3
4% May
7
2% Mar
1%
Jan
Jan
48 3/s
443/8 Feb
21
52% Mar 22
18 34
40
14
49% Mar 22
16%
Jan
453/2
Oct
10% Mar 13
6Va
Jan
11%
Jun
Feb
9
Jan
3
163
Jan
22
...
166'
3
40% Apr
14
Mar
15
16% July
69'/2 July
Jan
153/4
12%
Jan
18
25
Dec
3274 Mar
36
Dec
4
144%
20
353A
Jan
150%Feb.
8
19 5/a
16% Jan
.
Apr
.1513/2.Aug
293/a May
Jan
113/a Mar
>
12
Jan
V
17%
Jan
33
Jun
10
91
Jan
115
Aug
21
21%
Jan
32 3/4 Aug
158% July
3
Feb
11
Jan
7
119
26
Jan
4
Apr
30
~
Apr
Aug
45
22% Mar 21
20
29
4774
>.
37,5/8 Apr
Jan
111
141%. Oct
8
273/a Mar 16
14
Apr
May
161
Feb
43% Jan
V
16% Jan
.
8
16
155 > Apr
13
24% Apr
Jan
Jan
54
9
39% Mar 16
3
Jan
147
Oct
8%
lO'/a
68% Mar
173/e Apr
7
36% Jan
147
173
Feb
15 % Mar 14
»
21
26% Jan
'.
Oct
30 > Feb
3
3,
13% Jan
154
8
14% Mar 16
12 Va Jan
62.% Jan
13% Feb
Jan
r
6
16
Dec
17'/2 July
,
27
Feb
156
/
Jan
6
8
127%
Jan
56%-Jan
3
63
Feb
1
42 V2
Jan
3
6434 Feb
3
43%
Jan
653A July
7
1463/4 Feb
15
129 3A
Jan
1463A July
3
11% Jan
19
6%
Jan
123/b July
Jan
49% Sep
1213/4 Aug
57% Jan
139
Jan
8% Jan
-
413/a Apr
159% Mar
13
r
32
46% Mar 16
63 3A July
Jan
119 % Feb
9'A Mar 16
6Vs Jan ,3
67% Jan
89% Mar 16
3
33A Jan
/
55%
Jan
Jan
3
Feb
16
3%
Nov
31%
24
Jan
2974
26
27V* Mar 16
Jan
24
27% Mar 16
20
Jan
7
25% Mar 25
114
Jan
6
93/4 Jan
10
2% Jan
23
'16'/a Jan
111V*
8%
11% Mar 20
49
5
Jan
Dec
Sep
6 3/a
Sep
Apr
11
6% Jan
7
3
Jan
89
Jan
8
46
Jan
85
3
119
Jan
7
49
393/4 Jan
17
30
13
17
3
102
Mar 16
12 % Jan
84
Dec
40 3/4
Jun
103/a
Jun
103/4
Jun
Jan
Jan
Feb
6%
14% Mar 13
90
92
Sep
Jan
4 3/a
10% Mar 16
75
Jan
63/4
10% Mar 11
110
Jan
Apr
Feb
33/a
3
8% Jan
143/2
4774
3
9% Feb
Apr
Mar
Jan
Jan
Jan
116
Jan
1%
74% Jan
353/4 Apr
Apr
23'% July
34
Mar 22
3
3
Apr
54 3A Mar
Nov
25
2
73/4
Jan
24 Va
24s/8 Jan
Jan
Nov
79 % July
/ 42%
par
42
May
8% July
11
50% Apr
116% Feb
9
8834
;
'
5% Mar 16
4
44
par
Sep
Feb
243A Jan
4
Feb
32
9'% May
Jan
68
15% Mar 28
115% Feb
20
66'/2
Jan
Jan
39 V*
93
Jun
43/4
47 % Apr
5
xl9% Mar 16
4
Apr
37%
8
Jan
110
Oct
Jan
15'/2
973/2 July
94'/2 July
Jun
Jan
993A Apr
10
72%
Jan
85 % Jan
92%Apr
12
59
Jan
par
34% Apr
37
Jan
13
29
Jan
39%
Oct
103% Jan
107
Apr
-
4
68% Mar 18
10O
Jan
1081/2
Nov
—
100
100
100
Line RR
100
100
/100
:
No
Coast
1
i
No
preferred
par
100
No par
Corp
53% Jan
82
94% Apr
Jan
Feb
15
59% Jan
8
24% Jan
14
107% Feb
18
11% Jan
3
53% Jan
543/4 Apr
114
Jan
7
13
4
14% Mar 31
66
14
Jan
Jan
6774 July
90'/a July
24% Nov
38
Mar 23
19
Jan
361/4
Oct
Mar 15
30
44
Jan
68
65
Oct
18 3A
Jan
28% May
313/8 Mar 16
IlPA Apr
14
106
Mar
63A
Jan
50%
133/8 Mar 22
Jan
May
113%
Sep
133/4 May
57
Sep
68% July
Feb
24
58% Jan
24
52
Jan
9
113
Jan
123
Jun
16
Dec
56
Mar
117
16% Feb 21
7%
Jan
1
2%
Jan
4
28%
Jan
7
Jan
25
70
Apr
6
75% Jan
3% Jan
3
No
-
44%
39% Mar 22
25 s/8 Jan
25
par
Nichols.
$5
.
5
% Mar 15
7%-Apr
prior A
No par
Aviation Corp of Del (The)
—3
Austin
130
Jan
,
May
2
Mar 25
8
12
8% Feb
300
7%
70-
70
53 3A
preferred
conv
43/2
40%
5%
72
8
6 Va Jan
No par
—100
No par
5
No par
100
1
Co__
Corp
preferred
Atlas Tack
15%
Jan
Jan
Jan
7% Mar 31
7s/8 Jan
5
Powder-
5%
20
117
Mar 27
Jun
35
21
Jan
Jan
•
I
July
53%
2 3/a
4% Jan
43
—100
25
100
Corp
—5
preferred—,,———50
6%
Atlas
30
88% Mar 23
—No
preferred
Refining.—
conv pref series A
Atlas
:
3
6
Mar 23
68
non-cum
4%
3,600
7%
-70
7.200
2974
12%
*143/4
3%
3% Jan
Apr
37-
-
39% Mar 31
20
5
Atlantic
1113/.
*54
Cork
preferred
5%
400
36%, Apr
8
10
Atl G & W I SS Lines
200
12%
15%
70
4
/'
.
Feb-
33% Mar
84% Jan
preferred
5%
783/2
39
12.50
Corp
Atlantic
1103/4
*7%
7%
4
117
29
*1434
15%
7IV2
3.%
55%
*14%
.
■
"
'
Jan
80
Jan
Atch Topeka & Santa Fe
15.200
66,3/4
94%
38 Va
663/a
92%
373/4
15%
67%
65,3/4
93%
39
661/4
92 Va
*14%
5%
80
8
3 3/a
No
Midl'd-
Constable
2d
Jan
59
1
prior preferred
1st
7%
26
25
50
Assoc Investment Co
94%
66 34
653/4
92%
13 Va
6%
Jan
1153/4
of Illinois
Associated Dry
2,900
,
7
No par
preferred
7%
113
*110
5
65
100
preferred
Armstrong
3,300
36%
10
$6 conv
110
83%
103
103
5
21
Mining
Daniels
& Co
Apr
25% Apr
—1
par
Jun
91
10
8% Mar 15
__No
May
10
3
Paper Co Inc.
Armour
9
Jan
15% Jan
68
14
preferred
Copper Mining
Copper
P W
Archer
'8,100
5%
5 Va
A
1,300
49
49
Andes
100
2%
*2%
29% May
8734
6% Jan
—
Apr
Jan
No par
$5 div preferred
10
10
2%
49 V2
98%
13%
115
10
2 3/*
Nov
Jun
10
I3/* Jan
46 Va
xll6%" Jan
Anchor Hock Glass Corp.
115
*114
10%
22%
5% Mar 16
par
No
Anaconda Wire & Cable
2,000
25
24%
*114
115
Mar 22
23
100
Elec
Woolen
Anaconda
10,200
*
253/4
25
29
4
—14
Corp—
$5 prior conv
100
253/4-
*24%
26
10
Amer Zinc Lead & Smelt
1,200
43/a
4 3/8
—
Preferred
700
26%
25 V*
Jan
4% Jan
100.
Wks &
American
2,200
26 Va
*25
Jan
25
preferred—
1st
Jun
6 3/4
25
preferred
Water
$6
84
*45
Am
11,300
7%
7%
5%
500
118
Dec
4'A
7
100
class B—
Viscose
54"%
26
—No par
Tobacco
preferred
10%
10%
4234
Dec
Jan
100
Type'Foundries Inc
10%.
10 34
Jan
Jan
2% Jan
par
Telep & Teleg Co
6%
97'/*
42%
10
'
Common
8
11
Mar
53% Jan
5
—100
Tobacco
8umatra
27%
157%
62
*45 "
Am
27%
62
84
American Sugar Refining
Preferred
200
i
Zi'
.
No
400
3.200
-
118
118
'18% Feb
104V2
6
No par
,-No par
Co,
8tove
American
800
Dec
8 % Jan
—100
American Stores,
153/a
*20%
613/a
*27
preferred
Amer Steel' Foundries
non-cum
Jan
133/4
2% Mar
25
10
*15 Va
105
63/b
3
—1
100
5.400
15734
61%
*89
7%
7
113/4 May
2
13
Feb
V 16% Mar
Mar 16
26
Apr
PA
No par
No par
——
25
15%
101% Feb
par
American Snuff
27%
61%
43
Preferred
151
21
35%
No
t
243/a
118
Co
■
61%
6P/4
*118%
Seating
-t
25%
35
-
*117%
118
1.18
Safety Razor
American
1573/4
*27
157%
61%
143
357/a
■«
119
*118
119
*
American
300
1573/4
27%
*27
15T%
36%
363/4
36%
1183/2
25%
25
25
25
403/a
*148
5
" Mar 10
14
—25
100
18.50
preferred
conv
37%
40%
10 % Jan
-10
100
1,700
155
1123/4 May
No par
No par
No par
San'y
28%
37%
155
155
155
152
*148
v
a?3/*
3.7, V*
.
*27 Va
28
28
28 Va
28
28
-
116 V* July
Feb
par
preferred
preferred
4% %
830
:
Nov
96
par
American Rolling Mill
■6.700
66%
107
par
Preferred
66%
4
116% Mar 13
..No
Am Rad & Stand
'
13%
111
Light—^——No
.
Jun
July
243/4 Apr
20
No par
Co
80
,,,,
18
——100
-
News
Power &
Amer
18.600
>
66%
*
Jan
4
Metals Co Ltd
34%
44 Va
1434
Nov
18%
45%
Jan
59%
25% Mar 22
29
6%
13%
*14'/*
24%
81V2 Mar 23
143/a Feb
Amer
2-%
463/4
175
393/4 Mar 16
80% Jan
Amer
913/4 July
185 V* July
4
100
100
Jan
3
No par
900
9 % May
Jan
168
108% Jan
_50
400
Aug
Nov
71%
10
Mar 21
26
,
Jan
p or
preferred
preferred
Apr
Apr
134
108 % Feb
No par
Amer Mach & Fdy Co
34 Va
•:
89
177
100
;
120
*119%
34
1
5
—1
No.
I
.
23
33/a
lOVaJan 25
3
Mar
par
—
/
11%
21%
663/a
v
% Jan
82
170% Jan
—1
preferred
conv
7%
3,100
*21 >r
2%
*166
8
—1
par
No
,
American Locomotive,.,
1,700
15%
*86%
5%
20 '=
1374
13%
Jan
par
...
Amer Internal Corp
American Invest Co of 111-
18.700
453/a
175
*166
170
*166
170
*166
170
*166
9-%
127%
132
4334 July
par
-10
preferred
6%non-cum
300
-Ml" 500.
17%
9-3/a
"
•
4
.
Ice—:
American
1.200
47%
17
11 %
34
•
Jan
126% Apr 12
Nov
93/4
Jan
Jan
.100
.«
American Home Products
3.200
>
48 Va
48
48
■
*119%
4%
275/8
—
>1,800
i
7
"6%;
*46 3/*
2:1 %
1134
*21
120
120
1183/4
1183/4
1183/4
100
7%
79/a
*6% A 7
6%
17%
15%
700
:
68
*65
8
*46 V2
7
21%
*118%
6 3/a
69
73/s
47%
17%
7
1183A
47%
674
7%
7%
3%
173/a
15%
21 »/2
2%
67
12
*11%
*21%
x67
21%
15Va
15%
15%
*U%
66 V2
6%
-
41»/2
66 V3
/
3%
*40%
8
*46%
173/4
90Va
17%
89%
3%
41
I
I
33/8
*40%
••
47
47
47
*46%
35
334
41 Va
6%
*7%
8
7-7
'1,900
*3s/a
68
67
*7.%
17
25
$7 2d
il__j.il.700
-78%
35
34%
34%
15% Jan
423/4 Feb
-No par
—No par
$6 preferred——
——No par
-10
American Hawaiian SS Co.—
—3
American Hide & Leather
-50
6% conv preferred—
24,400
*40 Va
3%
6%
634
681/4
6%
70
*73/4
78-Va
Sugar
preferred
preferred A
$7
•2,500
23%
23%
78%
*77
88 Va
88%
61
3
par
Tiling
Sees
No
American Export Lines IncAmer & Foreign Power——No
5,200
,
& Fdy,
Amer European
400
>
5%
18%. Dec
Jan
47
6
76 % July
14
25
Encaustic
American
900
8 3/4
263/a
5
23%.
22%
35
35
35
33/4
33/4
*3%
6%
'63/4
*68
34%
34
34
35
"34 V.
89
-
j
;
200
8 3/4
9%
Amer
Apr'
66 %
14
Jan
Jan
8 5/a
73/4 Jan
100
1st preferred-,.
——
Distilling Co stamped—-. ,_20
6%
50
4,300
;
*25%
5%
.
V/Tj/'
31% Jan
37% Jan
.100
non-cum
American Crystal
1,100
2%
26
,,
„
American Colortype Co_
100
?
28%
89
5 3/8
;
*
29%
27
5%
104
*102%
104
28%
53/a
8934
5%
.
*102%
29%
2%
29
:
14%
Sep
52
683/4 Jan
1,700
Jun
34
14
34 Va Jan
14%
103
—
Am Chain & Cable
'■/■/, hi>. 50
: 1:
680
86%
18 3/a Mar 16
par
23%
Jan
Jan
66% Mar 13
Jan
23/s July
x67
9
60
Sep
Dec
14
Apr
13
.100
110
Oct
89
28
No
115
31V*
Apr
preferred
Inc,
No
v. 5 %
cpnv preferred-———
American Chicle
,—
No
23%
Sep
5
36% Apr
12
16% Feb
American
*108 3/4
23%
Jan
Jan
58 % Jan
1,600
Car
Jan
%
13 V*
23
5.100
1%
17%
17
Mar 29
82
TOO
—
—
25
28
74%
U%
.
14%
Preferred
500
1
Jan
par
No
,
Can—
& Apr
3% Feb
—1
Co
preferred-Radio Corp
conv
Amer Cable &
American
1
20
3
4
28% Jan
35
111
*8%
27
89
24
23 8/a
Apr
Jan
74%
2334
24 Va
5%%
420
2,000.
>'
1
2
-50
Corp
Bosch
Brake Shoe
July
17% Mar 30
343%
'
*109-V*
114
Am
43 %
par
preferred
6%
American
10 200
176%
1743/4
176%
35'4
176
'■
8%
86 %
8%
86
*25%
9%
*8 34
»25V2
9
86
24
11%
31%
2%
30%"
83/4
85%
127
127
128
9 Va
86%
'
103
103
126%
8%
86%
115
113
15
14%
15
*103
*11%
126-3/4
38 Va
38 Va
110
24
*109%
114
11%
1133/2
126%
35%
75%
75%
110 V2
*109'/2
38%
176'4
*175
24
24
24 V.
HOV2
112
11%
24'/a
♦10&1/2
39 %
88
/ 35%
76
75 %
*38%
9%
9'/a
87
175'/a-176
35V2
35%
Va
127%
*126%
89
88%
12
39%
39
•
12%
12%
13
13
Jan
-10
Rank Note——
American
300
17%
17%
18
173/4
*17 V2
«173A
97
26 Va
Mar 21
-10
Inc
Airlines
Jan
5
4
Agricultural ChemicaLNo
1,000
i
28 %
*28
733/4
Jan
17
3
—
400
2%
*2%
2 3/*
2%
Jan
5
40
27
96% Jan
34 % Apr
Rights
—,
Alpha Portland Cem
No par
I
Amalgam Leather Co Inc
.-50
6 % conv preferred
Amerada Petroleum Corp—No par
1,300
6%
16 V*
100% Apr
14 Va Jan
par
Highest
$ per share
$ per share
$ per share
share
100
—No
—
Mfg
Allls-Chalmers
104,400
17%
3
18
35 Va
17%
19,500
Year 1943
Lowest
Highest
No Vat
preferred
5%
1,000
35
34%
1%
17%
100
100
Allied Stores Corp—
5,100
16 V*
16
16%
100
34%
36
35 Va
1%
18
U
*23/4
3
16%
100 %
35%
18
1
1
18 Va
34%
35
34 «/4
35
1
*1774
I6V2
100
100
$ per
Par
Shares
S per share
$ per share
share
*99%
16%
16%
16%
"99 7a
$ per
share
$ per
share
Lowest
EXCHANGE
the Week
April it
Range since January 1
STOCK
NEW YORK
Sales for
Friday
'
April 13
AprU 12
April 11
Apcil 10
$ per
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Monday
Saturday
April 8
Monday, April 17, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1562
3% Nov
4% Feb 24
934 Aug
■85% Aug
6%
Apr
Dec
B
19%
193%
19%
1974
a3/8
19%
87 a
19%
19%
8'/a
83/a
8 3/8
81/2
87/2
16%
1634
16 %
1674
16%
*10%
11 Va
10%
11
11
11%
633%
64
25
63 %
64
*62Va
633/2
1574
17
25%
2474
25
2474
*12%
131/4
*12%
13
*1274
*46
46 Va
*46
4&3/2
46
1674
16%
64
2454
46
16%
*11
1674
25
1674
1674
13
13V&
*453/2
16%
17%
la
*17Va
17%
17%
1774
1774
*281/4
29
2874
2874
*283/4
2874
*34
34%
*33%
3434
34%
3434
1061/2
106 »/4
106%
*106%
*8%
874
8 5/a
106 V2
9
*8%
*34
35
34
34
*115
116
*115
116
*1274
12 V.
123/4
12V*
36V2
367-4
36 %
36
For
footnotes
see
page
1571
1574
15,800
16
11
11
63%
63
63%
24 Va
46.
1674
16%
1774
173%
'
*28
35
10674
24%
13 V*
46
1674
24
13%
*46
1634
*1074
*12 3/a
36
1174
*3374
11,5
*1074
9
35
115
11%
8%
2,500
13%
200
16 3/8
3.600
177a
1774
28
28%
35
35
*3374
*115
*10-74
8%
106%
35
116
*83/2
*3374
115
106%
9
2,600
.
1174
123%
3ft%
35%
36 V*
3574
700
.100
__50
,100
10
17% Apr
9% Jan
Inc.
Creamery-,
$4.25 preferred——,—
Aircraft Corp.
Beech
23% Feb 26
12
Jan
4
43
Jan
24
16% Jan
13
15% Jan
3
25 V2 Feb
15
106 % Apr
22
Jan
27
34%
Jan
633/4 Dec
263/s Jan
24
12
Feb
283% July
65
Jan
31% Jan
1
Mar
12
9 % Jan
60
Apr
14% Apr
7
3
8% Mar 21
;
5% Jan
123%
Apr
15%
Sep
46% Mar 2(3
30
Jan
47
Sep
18% Mar IT
12%
Jan
19
185A Mar 15
13%
Jan
14% Mar 16
23%
Jan
13
2434
Jan
28
3
105%
Dec
29 Va Mar 16
35
•
Apr
108% Feb
11% Jan
5% Jan
34% Mar 28
?% Nov
25% Jan
% July
20% Mar
x29
May
33% July
XllO
Sep
143/a
33
Sep
% July
70
Jan
11
Beech-Nut Packing Co—
114% Jan
21
Feb
15
Belding-Hemlngway—__
10 Va Jan
3
11% Jan
24
9% Dec
2,000
Bell
11V8 Jan
4
153/4 Jan
11
9% Nov
11% July
20% Mar
3,100:
Bendix
33% Jan
13
Nov
3974 Apr
3574
1274
36
Baynk Cigars
Beatrice
10
Jan
100-
12
12 Va
1.000
230
—
Works, Corp.
1,100 "
.
Co
20%
Jan
6
200
1074
3674
Oil
Bath Iron
Jan
3%
50
preferred,
Barnsdall
10%
9-% Mar 22
No par
Barker Brothers;
5V2 %
21% Mar 16
5% Jan
35
10%
1274
—
18% Feb
115
11%
11%
t
50
35
107
preferred,
& Aroostook—
5% preferred
Barber Asphalt Corp
Conv
463/2
17%
Ohio
Bangor
230
243,4
2874.
&
4%
1,100
""
35
111/4
21,400
11
*13
10674
153/2
Baltimore
13
.100
Baldwin Loco Works ▼ t c
9,000
774
11
13
*874
116
*10%
>
46
*1063/4
*34
11%
,
25
874
734
6274
11%
28%
8%
1574
1674
10674
"
734
64
34%
.
19
8%
3474
*115
*1074
*28
19%
Beech
Creek
Aircraft
RR———
Corp
Aviation
31
117
37% Mar
$
93
33
Jan
114
Aug
Volume 159
Number 4273
.
Saturday
Monday
April 8
share
*18'%
18%
April 11
$ per
18%
April 12
*54%
18
17%
17%
*54%
55%
36%
*54
55%
*36
37
36"%
36%
36%
18%
18%
18%
18%
58%
58%
118%
118%
58%
118%
118%
18%
58%;
58%
*118-
118%
•40%
40%
40%
40 '%
*18
18%
18
18
8%
8%
8%
*17'%
18
18
"15%
16%
*92
98%
•14%
.
*4*7%
*89
90
*49
50%
35%
►
*38%
10
49%
•/
48%
*4%
38%
38%
15
*49
10%
10%
31%
31%
31%
21%
9%-
—
*118
118%
6%
7%
7%
32%
28%
13
*4%
V
32%
*64%
65%
47%
48
10%
29
28%
*3%
3%
*13%
80
*13%
119%
6%
120
■
—•
16
._*_5
Jan
4
4
59%
59%
10
13
13%
4%
64%;
65
*64%
*28%
29%
*4%
'7%
12%
3
3
3
3
28%
3
10
*28%
29
3'
'•
13%
13%
13%
13%
80
80%
79%
79%
21
21
20%
21
*20%
20%
*20%
26%
26%
': 263/«
26%
—
2,400,'
220.
21
■
700
28 y4
22
43
42% Mar is
45 % Mar 8
37%
Apr 10
•
Mar 16
Jan
120
16%
>
*36
*7%
.
*55%
6%
v
.16%
25%
38
38%
7%
*7%
*46
*29
29%
*7%
102
a
i* 4% :
:'••/ 4%
4%
35%
:
35%
85%
16%
25%
3
9% May
62% Mar 13
•116% May
54 y4 Aug
8.% Mar 13
193/4 Mar 18
14 y4
Jan
20% Feb 24
73/a Jan
Jan
Jan
•
.
16
Nov
6% Nov
32
Feb
21
27%
Jan
25
107% Jan
11
4
Mar 8
30% Marie
44
105
9
*38%
39
9
7%
73/4
7%
*46
47%
47
150
*46'
101% 101%
29
28%
4%
4%
-35%
*28
29 y4
t*28 V*
*
149
149
149
43/8
4%
V 149%
*148%
Cannon
200
■*;/ 290
300
29%,
400:-
4%'
343/4
35
/
7,800
■
■
1483/4
148%
so;
Mills-*—.***——No
Carolina Clinch & Ohio
41
Jan
75
May
Jan
52% Mar! 6
21 %
Jan
49
Oct
103/4 Mar 13
29%,Mar 13
Feb
'
48%
36
,
47%
48%
47%
473/8
48
35%
35%
35
*103 3l2
103 &
103 3'2
103%
103
103
35%
V
34%
*103
473/8
47
35
343/8
'
2,200
7,500
47
333/8
103%
*103
333/4
47
47
33%
103%
103
/103
150
120%
120%
120%
120%
120%
120%
120%
120 3/a
120H
120 Mr
120 3/8
120%
118%
118%
118%
118%
118
118%
117% 118%
119%
120 r
119%
120
1,010
550
;
'
%
12 V
12
18
18
r
:
20%
*20%
109
20%
12
*110
■
12
18
*17%
20%
12%
3 Ve
111
110
12%
XI13/4
18
18
18
xl7Jfe
20%
20%
17%
20%
11%
11%
11%
11%
11%
123/4
24
23%
23%
24^:
24
20%
3%
3%
*110%
110
24
60%
*59
*17%
'
114
33%
5%
;
7%
*7%
3%
112
60%
33%
333/8
33%
5%
5%
5%
60%
*59
18% *
*17%
18%
109%
109%
*29%
31%
*30%
*12%
13
61
60
18%
24 y»
109%
1083/4
*16%
45%
.
32
32
32....
12%
12%
12 3/4
123/4
*123/a
45%
45%
45%
45%
45%
8%
8y8
m
8%
16%
16 '%
16%
16%
8
8%
16%
16%
6%
7
31
59%
5Vi Jan
"20% Jan
2% Jan
27
4
15% Mar 16
3
12
80% Apr 11
22% Jan 18
24% Jah
3
203/4 Mar 11
22% Jan
30% July
56% Mar
523% Jun
% Jan
58
3% Jan
533/4 Feb 24
3
9%
16
18 3/4
100
24
24%
1,100
109
31
12%
7%
7
23%
23%
243/«
24
243/s
23%
243/4
53%
54
53%
54
533/4
563/g
553/8
563/s
4
153/8
153/a
15%
15%
*15%
15%
1,900
2%
*2%>
21/4
2'/a
2%
*2»/e
2%
1,100
JChilds Co
16%
*16%
16%
700
17%
17%
17%
17%
1,300
42
51
51
51
51
*51
52
14%
*14%
143/4
*26
27
*14%
*26
143/4
833/4
84%
83%
17%
17
17
163/4
105
105
*58%
59%
*73/4
8%
*39%
40 y*
!
*80%
*80%
112%
403%
*106%
83/4
*155
88
*40
40%
106%
59%
8%
*39%
155
112% 112%
113%
59%
*73%
40yt
155
155
104%
59%
8
108
*40
-
40%
165
*155.
86-.:.
113
108
*80%
112%
40 3%
*106%
*39%
-
*40
413%
41%:
51
143/8
600
51
*14
60
14%
300
83%
5,200
17
16%
16%
1,600
*104 Va
104%
60
105
*59
'73/4
77/s
105
60%
*59
8
40
40
40
165
*155
*7%
165
86
*80%
112%
*112%
40 3/4
40
40
*155
80
113%
*80%
112%
:
40
*106j/8
108
*106%
40
108
106'%
10
105
350
60%
230
v;/'
8'%
40
165
5%
106%
*92%
93
*92 3/a
93
*92%
93
*92%
93
*923%
*52%
55
*52%
55
*52%
55
*52%
55
*52%
55
*148
115%
653/4
653/4
27%
*148
>
273/4
106
27
*111%
*153/4'
106%
183/4
*18% --18%
28
*27 %
;
343/4
34%
343/4
333/4
34%
33%
*36 Ys
36y»
36
36%
35%
*65
*148'
115%
*105% 107
27
r
-,*15%
17
1
27
16
66
27%
105%
27 y4
1113/4
*65
27%
105%
26
*111%
150
€6
273/4
105%
151
151.
150
114% 114%
*65
26%
150
300 *
"US3/* 114I/4
*105%
*65
66
26%
27%
106
26%
*26%
111%
-
66
.
27
111%
27
*111%
27
18%.
•
28 y«
28%
28%
28%
28%
28%
1571.
153/4
153/4
15%
15%
17 y4
17
153/4
17%
16%
17
16%
18%
18 3/4
17%
18 y*
17%
17%
28%
*28
17%
16%
20
4,400
150
105'% 105%
27'%
1113/4
10"
■
*
'
15%
16%
16'%
16%"
690
18'%
17%
18
740
16%
16%
28%
28%
28%
28%
28%
28%
28%
28%
28 Va
28%
16%
'
700
163%
370
*28%
287%
1,700
28%
28%
1,300
163%
•
"
1,500
.
lll3/4
15%
,
100
^
1
15%
17
page
*111%
150
1143/4 1143/4
preferred—
Special gtd 4%
■
18%
For footnotes see
27%
105%
27
iii3/4
17
1
*65
150
115%
CO (The)— *1
Clev to Pitts BB Co 7%
,
36
66
273/4
:
-
33%
36%
"* 150
*111%
,
34%
36 %
*114% 116
27%
27
*163/4 a7%
i8y4
.
1113%
16
34%
*30
150
*114
■
36%
34%
35
6%
gtd—50
stock,
—50
'.--.3,400/■ Climax Molybdenum——No paf
Cluett Peabody. & Co—
1,300
No par
40
Preferred
———*
100
93
55
Clev Graph Bronze
Coca-Cola Co (The)—*—No pat
Class A————No. paf
Feb
Mar 15
125% Jan 14
Jan
2
3
2% Jan 13
107
Jan
Jan
-1
Jan
Jan
11% Jan
4 % Jan
18
Jan
23
Mar
53
Mar
98
Mar
115
X33
Jan
41
3
Jan
60
6
48
3
3
3
4
29
9
4
7
r
,
Mar
6
,
Mar 24
18% Mar 24
7% Mar 22
253/a Mar 22
16% Nov
18
19% Apr
24
July
Jan
:
109
Dec
8% Jan
34
July
50
July
333/4,
jan"
2%
Jan
9% May
77/» Jan
2%
Jan
17% May
7J/4 May
10%
Jan
21% Jun
l83/a Mar 14
6
Jan
3
19 y2 Mar 16
42
Apr 13
36 y2 Nov
Jan
6
51*/# Apr
Jan
4
143/4 Jan 22
11% Jan
16% Jan 29
16% Dec
Apr
41% May
54
May
IS3/* Apr
15 y8, Jan
7
133/a Jan
1
Dec
47
■,
Mar 28
13/a Jan
363/4 Feb 17
148
Jan 7
70- Jah* 3
112% Feb 11
39% Mar21
108 Mar 27
92% Feb 20
52 /» Mar 22
33 Feb 10
34% Jan 3
Feb 18
Feb 26
62 Va Jan 11.
145
111
6
2 3/a Mar 24
3
25% Maf 9
77% Feb 7
143/4 Jan 5
104
Jan 12
56% Mar 28
6% Jan 12
28
5
Jan
86% Mar 16
173/a Mar 23
107
Feb
5
65
4
Jan
48
24 3%
96%" Jan
27
Feb
109% Jan
28% Jan
1011/4 Jan
115% Jan
92% Jan 10
53
Jan 21
67
Feb
84
Jan
50
Feb
38% Mar 15
33% Nov
373/4 Mar 13
33]/4 Jan
32% Apr
85% July
'
IS3/* Aug
106
Sep
63%
Dec
8y2
jun
39'/* July
145
Dec
74% Jun
lie3/* Aug
42% Dec
108% Dec
92 Va Sep
54
Sep
48% Mar
40
Apr 13
142
May
153
116% Mar 14
88
Jan
123
61
Dec
151
67
Feb 18
28% Mar 16
16% Jan
12
1103% Dec
Jan
293/4 Mar 16
Jan 11
17
Jan
7
18% Mar 22
.
17% Jan
108
Jan
133A Nov
2Vi
Jan
'
20 y4 Mar 22
3% Jan
18% Mar 21
3
Jan
Jun
3% May
Jan
3
41% Jan 25
109
Jan 12
3
Apr 10
78% Jan 29
18
Jan
67%
,10% Jan
155
40 3/4 Apr
22
Deo
2% Jan
32 y$ Nov
123
Mar
9% Mar 17
114
Apr, 14
Jan 3
Jan. 4
Jan 4
26'A Jan 4
25% Jan 4
>15 %
11%
12V2
13'
Jun
72% Oct
993/4 Jan
383/4 Jan
13
Sep
Apr
57% Feb 24
4
26 , Apr 12
109% Feb 29
Corp———No, par
^Colorado to Southern—?—
-100
4% non-cum 1st preferred—100
4% non-cum 2nd preferred—100,
Columbia Br'd Sys Inc cl A_—2.50
Class B———
—2.50
7%
28 y2 Feb 24
153/a Feb 24
15
Dec
8% Nov
13 Va Mar 16
Collins &^Aikman———***No. par-
preferred—.——100
Jan
32% Jan
18% Mar 22
27% Feb 24
108
conv
,
23
Mar 29
112% Feb
34% Mar
23% Jah 6
103% May 2
5%
3
Jan
16% Jart
/
Aug
18% Jun
Mar 28
4
„
111
13
37% Jan
4
6y8 Jan 25
65% Mar 13
-
18
44% Jan
5% Jan
Mar 20
116
4
Feb
11
14% Apr
21
July
23% Jun
3% Mar
163A Jan
1%- Jan
97% jan
3
Jan
26% Mar 8
8% Jan 31
13
3
4
27% Jan
July
128% Sep
120% Sep
Feb
8% Jan
16%, Nov
1
Mar 13
22
15
7% Jan 15
110
Feb' 19
17% Apr
40%
108
Jan
96%
IIO3/4 Apr 13
Jan 26
23
119
3%, Mar 16
4
15
3
54% July
Jun
26% Jan
123/a Mar 13
18% Feb
31
0
23
Apr
Dec
% Apr 13
Va Apr 13
Jan
3
Jan
3-
193/a Jan
frov
40
122% Mar 16
11
5%
147
95% Jan
4
120
17.
Apr
303/4 Dec
127% Jan '
50% Mar 13
Colgate-Palmolive-Peet—*—No par
$4.25 preferred——No par
Colo Fuel & Iron
25% Jan
3% Jan
32% Dec
40% Jan 24
14
107
108
Clev EI Ilium $4.50 pfd—a-No petf.
70'
Mar 15
9%
46% July
97% .Dec
31% May
.
57:% Jan 17
Mar 29
—23
—5
—No par
—100
-100
5
Equipment———No par
C. & St. Louis By. Co.—10O
preferred***————100
500
4
150
60
*
130
40
93
35%
C. C,
10
86/
112%
*52%
35%
Clark
26
82%
*92%
35
500
26
83%
823/4
5
*47% July
Jan
16
Mar
.
ll'/a May
.
Jan
x4 3/4 Mar 14
30
Mar 21
30% Feb
———No par
Chile Copper Co
Chrysler Corp
City Ice to Fuel
6 % % preferred
City Investing Co*—
City Stores—.*—
27
*16%
17
105 y4
*26
84%
*105
59
*14
27
843/4
17 y8
105
40 3/4
27
;
84%
17%
106%
'
23,600
16%
52%
*26
4,400
42
*14
843/*
55
23%
55%
16%
*51
27
*23«/8
4
113
Chain Belt Co———No p«f
Champion Pap to Fib Co**.—No par
6% preferred —
—
—100
Checker Cab Mfg*.
Chesapeake Corp ©f Va
—^—5
Chesapeake to Ohio By—**—
25
Chic to East 111 BR Co**—_No par
Class A
——————————*40
153/a
3,300
4,500
23%
54%
333/s Apr
Apr
4
30% Feb 28
44% Jan 12
103
100
deposit——100
2%
63/4
23%
103
4
Jan
40
Apr
193/4 Apr
27% Dec
38
Mar
Jan
X85
Mar 21
Mar
9%
4%. Jan
8% Marie
4
Jan.
146
prior preferred
15%
63/4
*23 Vi
17%
41%'
14%
-
6%
23%
233/4
54 y«
17%
53
2%
.
6%
23%
.
16%
*14
85
3,500
41%.
*51
113%
16
16%
17%
413/4
*80
15%
2,900
173/4
413/4
17%
41%
40%
16
300;
18,900
8
Jah
43/4 Jan
2%
16%
17%
41%
*150
45s/a.;
8
48
4
28% Jan 16
ProductSte»«-.»*«
15%
17
17%
*7%
12%
453/8
400
18
34% Feb
Caterpillar Tractor*.**.*
No par
Celanese Corp of Amer__
No par
5% series prior preferred
100
1% prior preferred
——100
1% 2d preferred...
...—100
Bights——*—.—_—*—-—*"
Celotex Corp-—**——*
No par
5% preferred
20
Central Agulrre Assoc.***—No par
Central Foundry Co———*—*1Central 111 Lt 4%% preferred—100
jCent Bb of New jersey**—.100
Central Vloletn SugaP Co.—
—*
Century^Ribbon Mills*****—No pat
15%
17
16%
41%
58%
*12%
8%
600
18
453/8 Jan
K.
2%
.<
*41
105
7%
:
,
29% Jan
63/a Feb
36y4 Jan
10%i,Feb
8 3/b Jan
97
Chicago Great West BR Co——50
5 % preferred***——50
Chicago & Northwest'n w i—No par
5% preferred wi———100
Chicago Mail Order Co—*.—-—8
Chicago Pneumat Tool-*-—No par
$3 conv preferred.***
No par
Pr pf ($2.50) cum diV-4—No pat
Chicago Yellow Cab——--No par
Chickasha Cotton Oil——
—10
*17%
17
:
V
32
123^
15%
24%
24
109 /
45%
8
161/4
24
*30
123A
:
8%
23%
108 3/4
303/4
45%;
v
45%
f.
109 y8(
303/4
40]/a Mar 2l
43% Jan
(J I) Co new—-—*—
—25
Preferred —-————————ZOO
Certificates of
*17
13%
42% Apr
6% Feb 19
Carpenter Steel Co—****
*5
Carriers & General Corp——.***!'
6 %
720
61
18.
May
1% Mar
6% Dec
X133/4 Nov
27% Mar 23
5% Apr
is y4 July
83% Apr
25 ya
•
Feb
Mar 16
V.
Jan
33% Jart
;
Cerro de Pasco Copper-.^..—No pur
59%
7% Feb 28
-
15 y4 Jan
Case
Certain-teed
8
% Jan 11
4
Jan
'65% Nov
23
By—-100
1,300
17%
23%
84%
*59
% Jan
6% Jan
par
2,400
r
5%f
10% July
20% Nov
20 3/s Apr
Preferred
233/4
6%
*26
59
61
>
900
'
114/
.32%
17%
24
15%
.
233/4
23%
2%
1,500 .'••
1,100-
18
6%
15%
*5
60%
*59
12;
32
'
4,200
24%
23"%
16%
5
1,000 A
130
23 y4 : 23%
•••73/4 :• 7%
*110
32%
5
109
23%
7
.
930*
110
12
.
'
4,900 ;
17,%
17%
*109%
8
114
-
*32%
61
24 %
109
V:V:
61
24
109%
;
5
*59
603/4
*59
33
5
*17
24
24
24%
16%
60%
'
61
61
327/s
*110
35,900
in
% V '
*20 3/a i 20 % 1:
sy4
3%'
>
23%
*73/4
114
?
12 '
23%
8%
*7%
*110
5%
109%
8
114
60%
'
5%
*23%
45%
*110
33%
33%
i
114
■;
1103/4
*11%
24
■
11% .,11%.
;
3%
110
12%
12%
*23%
v.v; 7% Vs 8%
7%
7%
*112
V/,'
11%
:
"
*112
%
:
12%
20%
3%
•
20%
3%
*3%
3%
*3
109
.: 11%
: i7%
6% May
Jan
3
'
48%
35%
jun
67% Jan
Capital iAdministratiOn class A—1
$3 preferred A—-—-*—— -—*-10
10
101%
*4%-
35%
150
35
100
47%<
101 Vz
35%
8,300
73/4
*46
101%
41/4
35%
100
v:
1
:•
*7%
47%
101
28%
4%
9
Oct
153/a
Jan
-
44'%'f.
*43
7s/s
7'/8
%r
39
8%
V
443/8
*43
1,300.
*38,
'• 9
8%
443/8
1,200.
Jun
109%
123/4 Jan
Campbell W & C Fdy
-—No par
Canada Dry Ginger Ale——5
Canada Southern By CO———100
Canadian Pacific !Ry*——————————25
163/4.
35% July
31%
May
5% Feb 28
68
Mar 27
28*
Calumet & Hecla Cons Copper—5
25%
Apr
8% Jari
pat
2,900
25y4
39
39
9%:
-v
No
lO'/a
18% July
29 y* Apr
9% Jan
2% Jan
13% Mar 16
Jan
54
Zinc-Lead
6 5/81
6%;
163/4
1
Packing—*—
,
.«
24% Jan
20% Jan
V 34
110% Mar
12 % Jan
preferred—.———-—————50
Callahan
n-
•
■
'
«
5%
10
118 % July
Jan
76% Jan
43
Nov
Mar 14
"
18
2,500
42% July
20 y4 July
10% May
Jan
104'/a Jan
Jan 27
'73/4 Mar 13
124
47% Jan
17
California
2,900,
f.
u
.
163/4
253/4
*43
56
■
16%
25%
35%
>
\l
6%
v>
102 ;
'
28%
29%
*4%
*149
9%
44%
*46
102%
35%
149
9y«
48%
102%
*102% 102%
■
:;u u
6%
16%
26%;;
*55%
6%
; it.
*43 '
56
*55%
7/»
*253/4
38%
9%
44
56 '
6% /
25%
9%
26%
■
%
6%
17
44
7%
149
263/4
56
26
.16%
■'V
46%
*29
27
%. 13
37%
9%
44
46%
6%
n
26
-
38%
9%
*42%
S
Jan
6%
Jun
July
44% May
18'/* Jun
jan
13
19% Jan .14
5% Jan
Jan
29 3A
Apr
44
Jan
9 '/a
:
*
10 Va Mar 13
98'/a Jan
l
Nov
30 y2
13
No
Nov
,20% Jan
33 < Jan
•
11
14 ya
43
Jan
12%
14% Jan
116
Dec
Apr
38 y4 Dec
32% Mar 21
8y8Jan
July
6%
8% Nov
393/4 Jan 18
17% Jan
4
....
2yjr Jan
103/4 Mar 17
4
x
"
■
51
Jan
11 y* Nov
14
'5% conv preferred—**———30
Butte Copper & Zinc*.—
—5
Byers Co (A M)
-No par
Participating preferred——100
Byfen Jackson Co———No pat
r
July
20-'
40% Jan
6% preferred ——
,*100
Bush Term Bldg 1% preferred—100
.;•/ 900.
79%
39
16% Mar ,13
Jan
mm •»
500
13%
79%
.
39
•
*
*13%
..
Oct
26% Jan
t
51% Mar .17
1
8% Jan
27
Jan 28
,
Butler Bros—————10
30;
•
s
3
3
13%
M
4,200
;
•;
s
30
Feb 23
40
12 3/4 Jan
pClf
190
65 >v
80%
*55%
700
47 y4
13%
37% Jan
mm mm — «•
6,100.*
,4%
10
80
56
v
*47
•
7
100
:
*63%
:
300
35
Apr 12
par
Bulova Watch—L-i——*i.„_No par
Burlington Mills Corp-j,——1
5% preferred A
—W*. M <4—.
-lOO
Burroughs Adding Mach.
No par
Bush
Terminal-*——
—1
2,000
13
4%'
10
V
28%
—
Bullard Co_——:
1,400.
108%:;
0
Buffalo Forge .Co—*—-.
200
32%.'
•
28 '%
'
-
2,200
-
39%;
*32'%
65
*28%
570 ••
■
18%^
*106
47%
10
29%
7%
'
27
25%
Jun
July
21% Mar
56% May
96 y4 July
Jan
'
Apr
40% Feb
•
Nov
31
Budd (fi G) Mfg.
..No par
7% preferred--.-*—-**
-*100
$5 preferred <U«i>
U 'mm
No par
Budd Wheel———NO par
'
!
12%
4%
4%
Bruns-Balke-Collender
70
11% Nov
■
5% Mar 22
Bucyrus-Erie CO—————*5...
>-1% preferred—
**100
4,300
'
60
18%
12%
*46%
56
16%
July
38% Jan
17
Jan
22% Jan
36
Brown Shoe Co—-———No par
50
6%
59%
19%
32%
"*03%
27
25%
19 y*
19
100
Jan
85
3
50 3/4 Feb
3% Jan
.
800;
3,000
120%
13%
6%
Jan
9% Jan
41%
26
'
6%
28%
:
56
6% -6%
Dec'
193/4 Mar
11% Jun
4
283/4 Jan
Briggs
v
,
34% Jan
100
*118%: 119%
108%
13
12%
4%
29
■'T-f1 %
40
Jan
3
Feb
—_5
8,100
;i
/9%
■
19
28%
10%
27%
-
69 Ve Apr
121% July
Jan
76
6
38 3/a Mar 11
Bearing Co_
^5
2.50
Brewing Corp, ol America-——-15
Bridgeport Brass Co—^-_No pat
400
'
4
v
Manufacturing^^.—.No. pat
Briggs ft Strattott;
—_Nd par
Bristol-Myers Co—****—5
Brooklyn Union Gas—No par
r
18 v
;
-9Vs
,'v
15
Bower Roller
200
95
46% Jan
Braniff Airways
>'•; 3.400
42%
"i:*117
108%
47%
26%
%
Sep
e Vs
52% Mar 13
.
(assented) _100
Boston & Maine RR
2.400
'
33% Jan
(Thejf
Borg-Warner Corp_——
400.
,
•21
■
18
••
7%
;;*32
28%'
109%
20%
19
19%
10
21%
/v
44%"
7 42 %
■
V :
59%
7%
32%'
28%
*107
;.
'6%
*18%
47%
21%
%
Nov
16
Mar 16
153/4 Feb 29
.
45
Jan 26
89% Mar 6
*■
Inc-
Borden Co
4,400;
'
31%:
*44
•
,
119
*59%
7%"
32%
28%
%
A
119%
6%
19%
33
20%
Bond Stores
-
100
:
v
14%'
—8
NO pat
No par
Class B
200;
*41% .'.41%
"
9'%
119
18%
109%
20%
*55%
Jan
54
19/ Mar 11
3
*
Bon Amt Co class A__-*i
1,700
.48%'
80%
80
39
*
31%
18
9 y.:
*118%
6%
120
7%
64%
3%
3%
14
*79%
•
10%
29
r
-118
18
-9%
48%
10%
*28%
18%
9%
10 %
48
10%
3
73/4 Jan
13% Jan 18
5,600
4%'
.
'9%
45%
*44
*47% •:
65%
10%
41%
*41%
*18
19%
4%
47%
42
16% Jan
Boeing; Airplane Co
Bohn Aluminum to Brass
•■:•; 1,900V
14%
31. M
31
21 ^
*18%
28%
4%
*64%
373/4 Feb 24
96
130
•*.'
48 %
r
42%
19%
12%
4%
10
20%
18%
:
*108
13
9%
*41%
6%
*32
28%
109%
412%
5
8%
11%
110% Jan
27% Jan
Apr 14
-Mar * 8
93% Mar
'
45%
t'.7%
19%
*108
*38
21%
118%
■
*18%
29
5
■
36%
•
*4%
39
42%
60
7%
*38
21%
60
18%
4%
*36%
-14% •'-14% vi v.;
48%
48% .J
.
41%
*44
122
19%
;
33
109%
Jun
-
14% Mar 14
'
31%
41%
9'%
.
118%
19%
/
36%
*41%
*120
60%
>:
30% ,'30%
18%
■5
"v 6%
*18%
8
18%
17
19% Mar 22
62'/4 Mar 16
*119
Bloomingdale Brothers—a-V—Nd par
Blumenthal & Co preferred
-100
3.200
35%;
35 y4
30%
42%
9%
6%
\
36%
*.
10
31
50
4%
49
9%
*48 Va
f
36%
i
i
90
30%
38%
H5%
14%
49
*88ya'
•
21%
/
18%
122
59%
19%
12%
'9%
-
7
45%
118%
*120
60%
45
21%
,
*41%
6%
122
28%
9%
•
41%
42%
18%
*18%
18%
*
4,
"2
No pat
Mfg Co—
Co
Bliss & Laughlin Inc—
200
60
'
*41%
22
*41%
15%
49%.
.
90
*35
?4%.
*38
f 10%
42%
V.
*4%
38 Va
15%
49%
21%
*32
4%
14%
21%
.
•:/■'.■
,:
.
49
36%
*41%
July
700V
-,lk
14%" v 14%i"
*48ya '•48%'
49
X48%
36%
41%
*109%
48%.
*88'%
36%
4%
14%
50%
36
45
19%
90
36%
10
18%
49'
*49%
.
14%
.
31
41%
*7%
48%
90
■
-
50
■
14%
36
45
60%
90
50-.'
14%
35%
31%
17%
Nov
38
9% Mar 18
18
Apr 10
16% Mar 31
98%
30%
41%
6%
17,%
16% r
*92
31
44%
118%
*15
98 %
35%
44%
*120%
15%
*92
35%
*41%
9%
*17%
X15%
18
57
223/*, jan
Mar
No. par
Black & Decker
Blaw-Knox
13% Mar
543/4 Feb
.
20
18%
30%
31%
.*18
48%
*89
31%
.....
14%
49%
10
800
5.200
<
153/0 Jan 20
5d% Jan
13
$ per share
39% Mar 25
15
1153/a Feb
Highest
$ per share
56% Jan 24
19
333/4 Jan 28
Foods
Lowest
.
$ per share
4
Jan.
543/4 Feb
Bethlehtoi Steel {Del)^^-Na'par
7 % preferred-^,
—
*.180
Blgelow-Sant Carp lnc—.k.N<i par
300
8% /
16%
31
*38
Best
500 ■;
A
18
8%
pfd $2.50 dlv series '38_No pat
No pat
9,000
>
40%
18
^
8%
17
Best Jk Co
"
8%
Pr
$ per share
No par
5.600
.18%:.
98%
16%
*92
t
■
119?
119
*40%
18
Beneflelai Indus Loan_»j.
Year 1043
Highest
Lowest
1.300
:
•
■i758:7v ,58%
;v
-
40%
*17%
35%
*4%
"
I
:'"
15
50
40 Vi
-
8%
30%
:
38%
15
14'%
90
'36%
119
Range since January 1
,
Pat
1,600
36%
."18'%
,->58%;/
Range for Brevieus
"
EXCHANGE
55%
36%',
18'% .-18%-J.
58
*118%
.17%
*54% 1
STOCKS
NEW YORK STOCK
'
14%
48%
'
36%
1563
Shares
share
*17%
.55% v
36%
40%
*17%
17%
*54%
18
35%
,
4%
*49%
18'%
16%
98%
49
36%
*4% '
8%
*18
48%
30%
36%
40V2
*15%
<
ll8|'4
*17%
8%
>
*92
90
35%
30%
.
14%
"■
40%
18%
8%
18
share
*17%
,
18%
58%
58
118%
16%
*92
14% >
48%
..
58%
•
40%
.
98%
16%
*;
,
55%
;
*17%
8%
$ per
♦
the Week.
"
17%
55%
18 %
$ per
Sales lor
Friday
April 14
April 13
-■
5 per share
share
36%., 37%
18%
Thursday!;
■
t pet share
18
'
LOW AND HIGH SALE PRICES
'! Tuesday
Wednesday
April 10
$ per
"'54%'
•<
THE COMMERCIAL & FINANCIAL CHRONICLE
July
Sep
July
68%
Oct
23
Deo
109% July
28% July
114% Oct
193/s July
19
Sep
19% Sep
17% Sep
29% Mar 23
IS9/* Jan
26 3/4
Dec
29 y8 Mar 123
15%Jan
26%
Dec
Monday, April 17, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1564
NEW YORK STOCK RECORD
AND HIGH
LOW
April 10
f per share
April JI
$ per
April 8
S per
share
4%
4%
4%
82%
83%
4%
4%
82»/2
83%
*73%
75
*89V'2
90
*89%
90
*89
90
pa
89
*87%
89
18
18
17%
18
*17%
18
90
18 %
18%
18%
*41%
40%
42%
40%
*41%
40%
u
%
83%
42'/a
40%
!
82%
26%
■
14
43
42%
44
15
15%
15
15%
U
H
82%
8iye
81%
82
82
26%
26%
26
26%
8,300
x26
*9%
10
»9j/4
9%
*9%
23%
23%
23%
23%
23%
23%
23%
23
23%
28%
28%
29%
28%
9%
13%
13%
*19%
20%
14%
16%
105%
105%
105%
♦105%
105%
$5 preferred
.No par
102% Jan
15
7.
19%
*40%
15%'
14%
14%
*14%
15%
1,000
Consol
16%
17%
16%
16%
16%
5,500
Consolidation
*47%
16%
48 %
*47%
48%
200
104%
1043/4
*104%
104%
390
43
48
48%
104%
104%
23%
23%
9
83/4
9%
9%
108%
108%
108%
108%
35%
36%
*108
35%
35
36%
11%
11%
11%
45
:
45%
45
5%
5%
5%
35
35
■
1,100
Continental
Diamond Fibre
1,300
Continental
Insurance
Continental
Motors
9,100
Continental
7
"/
31%
30%
31
30%
31%
•30%
25%
25
25
25%
25%
25%
25%
*25%
26
14%
14%
14%
14%
14%
14%
14
14%
*13%
14
42
40%
41
40%
41
12
*40%
*40%
42
*12'
48
*47
49
*47
18%
173/4
■;
18%
'77 7/
18%
18%
18%
48%
48%
48%
48
48%
48
48%
48%
48%
730
Corn
Exch
54%
54%
55
54%
54%
53%
54%
54 y8
54%
5,000
Corn
Products
5%
2%
2%
178%
5%
5%
5%
5%
5%
5%
5%
*2%
2%
2%
2%
2%
2%
3,600
22
22%
21%
108%
*108%
23%
21%
107%
108
23
*22%
23
18%
18%
*18%
19
108%
•
223/4
*23
19
18%
18%
19
31%
18%
18%
31%
*18%
19
32
32%
31%
32%
31%
31%
293/s
30%
47%
46%
46%
46
46%
*44%
46%
♦46%
47%
*46
16%
16%
16%
16%
16%
16%
16%
16%
16%''
99
99
98%
98%
99
99
993/4
993/4
31%
31%
31%
78%
78%
78
25
25
25
12%
12%
12%
31%
78.%
78%
25%
25
25%
25
12"%
12%
12%
12%
*78%
30%
78%
243/4
12%
13
24% v.
,</
120
*117
121
*117
121
*107
114%
*107
114%
*107
114%
115%
115%
26%
26
26%
*25%
OO-l
24%
*93
94
*21
5%
6
6
*107
109
*107
■I
*106%
107%
*106%
43%
43
43%
5%
16%
5%
26%
27
*26%
>
24
5%
6
106%
107'%
17
*105
43%
42%
5%
5%
5%
;
'
22%
22%
22%
16%
16%
116
*111
116
*111
22%
16%
-*7%
7%
~
14%
*14%
7%
7%
'
•
*19%
22%
22%
22%
7%
*7%
•25
*19%
14%
14%
14%
14%
113%
*112%
114%
25%
39%
39%
38
39
37%
33%
32%
32%
32%
33
323/4
*18%
33%
19%
*19%
19%
*25%
25 %
25
.
16%
116
•
;7%
700
19
19%
18%
19
30%
31
29%
303/4
9%
9
8%
9%
19%
19%
19%
60
55
55
*53
8%
19%
55
35
34%
34%
*34
35
34
31%
*31%
31%
31%
31%ul
*38%
39
*38%
39
38%
38% «k'
15%
15%
15%U)U
143/8
33%
34
33%
*95
15%
34
34
97%
*95
98
*16
16%
*16
32%
19
*38%
44%
*44%
44%
40%
40%
40%
40%
24
23%
*50%
50%
*50%
23%
*30%
31%
*30%
9%
9%
9%
9%
145
13%
145%
*127
*12%
7116 %
120
144%
129
118%
►127
119%
►118%
•
/
13%
120
>
4,600
Deere
333/4
19
600
29%
30
13,400
*8%
*17%
18
*17%
38%
38%
15
15
15
33%
33%
33%
96%
95
95
V
*16
23
9%
31%
10
9%
9%
*12%
13%
120
13%
*116%
145
144
120
126%
127%
11%
11%
11%
35%
35%
343/4
35
8%
*8%
8%
165%
165%
*179
43%
18
8%
43%
*17%
8%
165%
*179
43%
6,000
44%
v
50
1,300
1163/4-
800
107%
31
30 3/4
*9%
*12%
*116%
120
31
9%
Diamond
6%
No par
No
Match
partlc
Distil
5%
18
Class A
Jun
115%
Dec
92% Mar
106%
Jun
105 '
3
13
106% Feb
22% Aug
10%
Jan
25%
Oct
4
18
Jan
26 y2
Jun
11
100
Jan
-
107
Oct
6% Jan
6
1%
Jan
Jan
12
30%
Jan
47% Jan
12
17
6% Jan
7
5%
Dec
i
17% Mar 23
14%
Nov
24% Mar
3
96;
Feb
119%
Nov
4
15%
Jan
26%
Jun
118
Jan
117.
24% Mar
7% May
116
Jan
T
45%
Dec
Sep
9Vz Apr
10%
8%
8%
*163
164%
181
10%
10%
10 %
10%
4%
4y8
41/a
433/8
43%
*17%
17%
3,800
Dunhlll
International
8%
Du
P
2,200
8%
Eastern
164%
400
Eastman
(EI)
Rolling
Mills
18
200
900
43/8
4%
88
89%
87%
88
84%
84%
84
84
4
4
..
Elec
4%
43/8
7,800
87%
43/8
87%
2,300
$7
500
$6
*83
84
40%
40%
40%
40
40
Electric
Storage Battery
30%
30%
*30%
31
*30%
31
30 3/4
303/4
30%
307/a
500
El
Natural Gas
61
61%
*60
61%
*60
61%
61
61
61
61
400
Endicott
105%
105%
105%
105%
►106
1063/4
107
*106
12
12%
ii3/4
12 y8
ll7/a
page
101
1571.
40%
*106
-
39%
39%
107%
1,300
70
%
12
15,100
94
99y2
94
94
Q4.
QS
420
97%
973/4
973/4
98
97 3/4
973/4
370
100%
101
%
17%
Mar
48 Vz
Apr
35% July
17% Jan
8
Jan
'
Dec
33% Mar
:
Jan
42 Va
100%
%
%
101
*100
101
%
%
•v«
101
..%
110
9.000
Apr
Jan
17
3
Paso
4%
Jan
10
41% Apr
25%
-
Jan
8
38%
35%
22%
Feb
15%
Nov
May
Oct
Dec
16% July
Jan
44
100
Feb
5
17
Nov
57% Feb 25
3
•
Jan
45
July
34
Dec
Sep
73% May
.
25%
5
122 «/4
Nov
153
7
109% Mar 31
Xl06%
Dec
107%
Dec
28 y4 Jan
21
34% Mar 13
16
Jan
35%
Jun
8% Jan
13
12% Feb
5'/4
Jan
10%
Dec
11% Feb
11
Apr
14
116% Mar 28
131
Jan
2
9
Jan
13%
5
115
Jun
122%
13% Mar 17
117
Apr
May
Oct
Feb
7
148 % Mar 13
134
Jan
159% July
124% Jan
11
128% Mar 24
124
Dec
130
117% Mar 20
120% Jan 20
115%
Dec
121%
Sep
9%
Nov
11%
Dec
137
28
12
34% Mar 31
,39
10% Feb
6% Jan
157
Feb
7
175
Jan
24
41
Jan-
3
"
17% Apr
13
Jan
1
20
Feb
28
_
9% Mar 16
3
Jan
8% May
Jan
170
May
7
X173
Sep
184
Jun
35
Jan
18% Mar 16
'
11% Feb
Jan
146%
8
30 y»
8%
4
4% Mar 15
1%
Jan
5%
1%
Jan
19
Sep
39% July
Nov
4
45% July
Jan
22
4
-41% Mar
10 v8 Jan
3
11% Jan
3% Jan
No par
4% Feb
83 y4 Jan
13
80
19
Jan
44% July
31% Jan
3%
Aug
44% Mar 17
167% Mar 31
183
37% Jan
14
;
Mar
5% May
6% May
Mar
6
99% Mar
3
31 ¥4
Jan
92
Nov
94% Mar
4
28%
Jan
88%
Nov
Jan
42%
Sep
No par
3
39 % Jan
8
43 y8 Feb
28
33%
27% Feb
7
31% Mar 23
23%
Jan
X32
50
57% Jan
25
63% Mar 13
49%
Jan
101 J/4 Jan
19
d06y2 Mar 11
101%
Dec
58% July
103% Dec
2%
Jan
preferred
Service
$5% preferred
$6 preferred
tEquitable Office
83%
5
Johnson Corp
Engineers Public
$5 preferred
Jan
25
24
44% Jan
5
.4
116% Apr
par
100
—4
2
21%
Jan
16% Feb
100
14
33y4 Jan
8%
15% Apr
6
35% Mar 27
100
40%
62%
%
37
Feb
—No par
No par
preferred
preferred
31%
39%
No
& Mus Ind Am shares
Electric Power & Light
*40%
100
41
3
*61%
%
22% July
106% Jan
8
—
(The)
*30%
'
10% May
Jan
26
43% Jan
•
1
Edison Bros Stores Inc
37/e
4%
973/4
Jan
40
95
100
cum
3%
86
95
Jan
3
15% Jan
10
Kodak Co..—
700
6%
10%
90%
97 y2
Jan
38% Mar 31
par
Sep
July
36% July
20% May
16%
Mar 23
56% Mar
43
Jan
3%
36 Ys Mar 23
32% Jan 31
Feb
52
24%
Mar
8%
■
31% Mar
20
No par
Boat
86
94%
20
2914 Jan
,
& Co
1st pfd
43%
40
Autc-Lite
88%
97%
5% Jan
18% Jan
;
12
Mar 10
31% Mar 27
29
preferred
Eaton Manufacturing Co
181
Electric
85
98
;
13
9% Mar 22
x27% Feb
Airlines lno
eastern
700
Electric
88%
97%
X20
3
11
Eagle-Picher Lead Co
7Q0
4,200
85
12%
17
.,17% Jan
100
•1,400
87%
12%
17% Jan
,
13% Jan
preferred
de Nemours
10%
86
y8
29
Jan
26
35
Jan
19
:
Jan
41% Mar 22
1
No par
Duplan Corp
38%
88%
12
108%
12'
8
No par
No par
1
Dresser Mfg Co—
10%
*87%
94
113% Apr
10
No' par
38%
*84
12
37% Feb
32% Mar
Jan
26% Mar 13
No par
39
•
4%
94
5
No par
$4 preferred series A
Duquesne Light 5%
4%
12%
Jun
Jun
21% Jan
Dow Chemical Co
140
4%
95%
19
Douglas Aircraft
119
4
12
V 7% Oct
116
48% Jan
*ii8y2
4%
95%
3% Jan
7% Mar 20
Jan
21% Mar 28
118%
4
106
...
17
No par
$4.50 preferred
4%
40%
4
Jan
No par
,
600
38%
see
14 V2
Feb
,
Jan
No par
1
Doehler Die Casting Co
Dome Mines Ltd..
3,400
17%
39%
footnotes
Jan
Apr
12
100
preferred
Cup Co
144%
43%
*17%
For
Jan
7%
24% Mar
3
No par
Corp-Seagr's Ltd
1263/4
181
*39
100
Nov
.
9%
8
Z 29% Mar 15
13
2
Diamond T Motor Car Co
144 V*
8%
164%
18
%
X66
July
82% July
17
25
preferred
1263/4
11%
39%
100%
38
xlll% Feb
100
;
Devoe it Reynolds A—
1443/4
35
39%
%
99% Aug
Dec
14
Detroit Hillsdale & 8 W RR Co—100
1,400
13%-
11%
10%
100%
Jan
27'/4
15 Vb Mar 10
20
120
35
39%
*97%
81%
20
50
300
11%
10%
4%
24
35%
39%
105%
Oct
Mar 14
3
—10
Hudson.
Delaware Lack & Western
580
2,200
11%
10%
*4
&
127%
144%
*126
39%
4%
»
107%
93/8
*179
181
*43%'
50
•
39%?
*343/4
165%
181
«
116%
13%
118%
119
,
233/a
50
9%
10%
.
17
115% Apr
10
6% Jan
par
Detroit Edison
Dixie
117%
*123/4
J
39%
*4
Jan
13% Feb
—20
Delsel-Wemmer-Gilbert
200
108
303/4
*116%
145%
127%
,39
.
23 V*
49%
31%
,
2,900«
-
163/4
44%
44%
1,000
443/8
*16
16%
44%
116%
*12%
No
Co
&
iDelaware
300
*107%
*11%
180
43%
39
,*393/4 ..40
50%
50
*1183/4
►165%- 166%
43%
700
108
31%
10
290
31%
118
31
-
31%
108
_
57
34%
34
33%
23%
118%
11%
*43%
23%
-
118%
35
180
23%
*53
34%
*95
443/8
40%
119%
11%
8%
11%
19% Mar 17
.
;
1
Preferred
900
31%
118
145
35
180
16%
44%
40
*•
Corp
37%
*18%
.
56
■
(The).—1
Dayton Pow & Li 4%# pfd—.100
Chemical
37%
15
15ya
*16
A
41
■
50%
*116%
11%
167
Oct
,..;Oct
117
Mar 30'
Jan
31
47
13% Mar
11,
21% Jan
8
25
preferred.--—.
Decca Records Inc
5,800
108%
*127
35%
8%
115
Jan
Jan
28% Mar 10
14
No par
Davega 8tores Corp
Davison
1,100
21,000
118%
145
11%
180
pfd""lOO
July
18%
37%
33% Mar 16,
80% Mar 9
3,
Feb
16% Jan
23 y8
27
100
;,4,
42
\5%
23% Mar
Jan
9
17% Mar 20
4
No par
,
22% July
108% Aug
Jan
34% Mar 22
10
Feb
——
'
8%
*38%
39
97%
*107
128
*34%
*165 %
A
5% Feb
Jan
Jan
16%
6
47% Jan
4
108
No par
14%
95
8
21% Mar 16
4
No par
Sep
May
Mar 14
24
3
Dec
Apr
109
3
Jan
101
100
25
19%
31%
34%
44%
170,
8%
50%
31%
*12%
22% Apr
'7
20
4
<
19%
118%
118%
108%
*116%
:
173
.
*95
16
44%
*40%
50%
118%
►107%
'J
2% May
18
113
8%
*53
313/8
34% *1. *<33%
*16
23%
108%
119
!
-15
'
108%
*118%
•>
2,200
19%
34%
97% ">'4
*95
16%
*44%
24
6
Jan
Jan
22%
Apr
61(4 May
186%
Jan
22% Jan
30
Jan
is
4
5%
v.
8%
34
31%
*
;-'U r'
15%
11% Feb
47
Jan
53%
2%
Feb
Cutler-Hammer Inc
25
19%
9
19%
56%
*53
-i
*31%
'
Jan
20% Jan
37
13
Apr
Aug
17% Aug
22
106
*32%
.'•»
30%
293/8
7%
;
*54
*34%
15%
69
100
53
Dec
3% Jan 22
100
25
38
19%
19%
100
.
2,100
Jan
...10
Cushman's Sons Inc 1%
;
28
15
Jan
137/8
6% Jan
97% Jan 20
No par
Jan
45
6
25
Class
5,500.
22%
Jan
x9%
4
3
Jan
1% Jan
20
Jan
58% Mar 14
9
—
27% July
29
Feb
preferred
______
Prior preferred.,
Curtlss-Wrlght
—
Jan
Feb
■V15%
Curtis Pub Co (The)..
18%
Mar 15
183
1
preferred
Jan
48% Apr
4
Jan
4
25%
13% Mar 20
4
—5
Sep
22
50
.3
n_
Jun
49%
..7% May
37% July
19% Jan 11
10
112
113
25
30%
30
44% Jan
53% Apr
100
Inc..
15%
Jan
7
28% Mar 13
•
4
Jan
$7
1,600
14%
14%
113%
40
9%
16,600;.
20,800
*19%
113%
25%
30%
19%
7%
14
39%
33%
'/»
25
*19%
25%
19%
9
i-
5%
22%
22%
7%
7%
25
25
29%
*33%
5%
.
3
1%
Press
Jun
Jan
33% Jan
Mar 20
45:
Cudnhy Packing Co..
Sep
36%
15% Mar 15
27% Feb
,u_«,
preferred —
."
% % conv preferred.
110%
Jan
43
3
16% Jan
.....
Jan
Jan
4%
19
18% Feb
—
96
40%
29
175 % Jan
.
Jun
3
Jan
Jan
47
5
Oct
11%
/
Jun
6% Mar 13
Feb
10% Jan
par
Dec
23%
26%
13% Mar 16
46
13
No par
preferred
9
Mar 16
38% Feb
104% Jan
No
Mar 10
25
5
,
"70,
423/4
*111
116
♦111
116
*111
22%
26
39%
14
25
Cuban-American Sugar.
V 600
108
16%
•
Cuba RR 6%
•
5%
16%
16%
16%
39%
*25%
109
10
,—No par
preferred.
5%
v
670.
23,900.
42%
5%
*113
14%
113
,
3
32% Feb
107
D
25
14%
113
113
113
7%
106% Jan
100
2
preferred
conv
Cuneo
107
•
$5
.'JI
*19%
25
Jan
25
Crucible Steel of Amen.
24
S3/*
43
<
5%
25%'
*105
"
*19%
x4%
29% Apr
Zelierbach Corp.
Crown
.
100
97
j"104%
5%i
108
43
43%
5%
J
10
20
—
Jan
27
No par
preferred
Dec
89
Jan
1
Cork & Seal
Aug
47%
16
3
;
16
18%
23% Mar 28
7
preferred
Jan
Jan
2
Feb
Oct
7
15
38,%
Sep
4%
7% Jan
-100
8
33% Jan
21
104% Feb
11
Co
Co—
$2.25
y
25%
♦
106%
53/4
6
108
43%
43%
5%
16%
116
5%
*107
*
17
22%
*106%
6
108
*107
109
"
7.
5%
i
107%
*106
107%
'
*111
*23
700
y
116%
25%
24%
150
*11511
♦122
*117
f.
13%
*120
114%
■■■
■
78 3/8
13%
120
:•
Trust
17% Feb
48% Feb 21
Feb
5'% Jan
...
conv
Crown
2,100.
31%
24%
13%
78%
23%
*107
24
20
11% Feb
Refining-
Crosley Corp (The)
150
78 3/8
31
78%
25
31%
78
5%
1,100-
100
31%
31%
31
37%
*115
27
5
42% Feb
Cream of Wheat Corp (The)
400
16%
99%
Crane
340
1,000
2,500
47
16%
98%
27
102% Jan
16% Mar 10
,
4
5
700
30%
30
*44%
16%
.;
v/;
1
*98%
_
>
4
5
Internat Corp
Coty
21,500
213/4
21%
108 y2
21%
22%
109
23%
*23
27% Mar
29
1,300
2%
23%
23%
24
*23%
178%
108
108
108
108
2%
22%
22
22%
*107%
*5%
5%
*2%
5%
5%
*2%
179%
Bank
Preferred
50
180
♦178%
*178%
180
*178
Electric
Cornell-Duoilier
54%
180
Nov
15% Jan
2,000
47%
♦178
17%
5
-.50
Corp.—1
80
17%
180
23
No par
No par
No par
48%
*178
22% Feb
.1
Corp
$3 prior preferred.
Copperweld Steel Co
Conv pref 5%
series
54%
18%
3
Continental Steel Corp
48%
18%
21% Mar
Cooper
54%
17%
29%
5
3,600
173/4
Nov
Nov
Oil of Del
48
-
17%
2%
Jan
Feb
July
91%
$2,50
Bessemer
19% May
105
241/a
900
.'
3% May
Jan
9
400
7
11% '>./ V;
11%
113/4
11%
12
48
12%
*47
12
*47
12%
48
12
*47
7
Jan
11
Jan
No par
Inc
Can
Jan
7%
:
24% July
;
24
15
20
Continental
91%
%
..
Jan
30% Apr
45
of America..
20
Continental Baking Co.
—No par
8% preferred
100
200
Sep
6% Apr
15%
15'/8 Feb
50
$4.50 pfd
Pow
Z
3
12% Jan
100
preferred
109
3% Dec
;
4J/S Mar 23
2
Jan
Jun
Jun
-24% Nov
12
Jan
25
7,800
25%
42
pfd
5%
30%
*40"%
6%
Coal Co
30%
7" 5%
29%
v
90
11
25
Jan
Jan
18% Jan
Container Corp
3,900
45%
45
5%
5%
of Cuba
Consumers
12,000
:
11%-
11%
11%
-45
:
7% Jan
24
10
4
...
RR
$2.50
—3,200.
9%
*108
108%
5%
22%
8%
8%
23
Preferred
600
23%-
22%
23
30
48
,10% Feb
15
5%
*11%
3
15%
104%
17%
10%
«
.
iy8 May
11% Jan
15
wd
Natural Gas
17
5%
*47
Consol
Consolidated
19%
11%
42
20% Feb
16%
14%
14
5
13
Consolidated Vultee Aircraft—___l
4,000
106% Mar 21
2% Jan
16% Jan
preferred
15%
26%
*25%
'
28,100
-
27
1
Industries
Film
$2 partlc
5,800
4,500
19%
45%
V
7
104% Jan
——No par
Laundries Corp_
6
Consol
2,000
19%
11%
■
'{■
1,400
,
4
19%
19%
19%
19%
20%
*3%
4
4
4
4
20
31%
31
-
4
193/4
45
5%
5%
5
19%
36
12
11
*19%
11%
Jan
29% Apr
Jan
6% %
.
20
45%
2%
24% Mar 11
10
Jan
13%
11%
July
Jan
13j/4
45%
27
4
13%
36%
36%
Jan
23
13%
12
45%
Dec
2iy8
10
107
13%
45%
*11%
82
17
13%
*107
Jan
23
650
13%
108%
*107
36%
36
7
27
20% Jan
Jan
." 10% Mar 23
23
21% Jan
13%
8%
8%
8% Feb
No par
No par
100
A
3% Feb
'
107%
No par
Congoleum-Nairn Inc
•
Sep
Jun
July
16
36%
21 % Feb
/:•
9%
8%
8%
Conde Nast Pub Inc..
44%
...
26% Apr
3
Consolidated Cigar
600
28%
8%
24% Jan
Jun
3
5
9%
22%
25
Edison Co.
% Jan
July
.107%
87% Mar 11
of N Y...—No par
28%
22%
107%
3
79
Edison
9%
104%
Jan
Mar
prior preferred
Coppermines Corp
29%
22%
9%
16
Consol
93/4
"104%
7
41
44
Jan
Consol
X28%
22%
29%
1
Commonwealth
Jan
11
Jan
>
No par
Jan
45% Jan
% Feb
preferred series
Jan
25 y2
10
3
$6
30j/2
104%
41% Mar 18
106% Jan
3,300
9%
104%
41% Mar 24
3
11
14% Jan
Commonwealth & Southern—No par
9
Feb
14,700
30%
22%
25
37% Jan
105
100
3%
9%
104%
39'% Jan
No par
preferred
21%
30%
"V
19% July
1,600
106%
106%
9%
*47
Jan
3%
20%
~ 104%
,
28%
106 %
106%
107
30%
48%
*47
48%
*47
19% Mar 16
;
•
9%
'
26
No par
16%
16%
16% Feb
15
15%
15%
16%
98% July
40% Feb
20%
♦19%
14%
Jan
20,300
28%
30%
13%
13%
79 y2
6,200
23
27
9%
30
90% Mar 25
Commercial Solvents
z
9%
23
30%
9%
10
30
4%
20
20%
19%
19%
19%
14
105%
106%
4
Feb
21%
21%
106
84
3%
21%
.<
Oct
par
21%
21%
4
Sep
73
1%
9
21%
21%
106%
77%
Jan
6
Mar
21%
3%
4
Jan
37
5y4Mar
3%
*106%
3%
106
«
Jun
40 y2
80
3%
21%
106%
3%
4%
29%
,
106%
3%
106%
*3%
;
106%
3%
21%
21%
106
27
106%
10t$.
3%
27
26%
27%
27
*106%
5%
85% Mar 14
7
t
V
23 y8
•
Jan
3
Feb
/>• 10,400
%
9%
'
9%
9%
10
10
*9%
3
Jan
Nc par
2,500
26%
Ys Feb
—JilO
Credit
conv
Highest
$ per share
70
Comm'l Invest Trust
4,700
43
15%
81%
'
4%%
100
44
11
preferred
$2.75
Commercial
4,000
40%
110
*106
$ per share
76
No par
Pictures
Columbia
$ per share
share
4
JVo
Co
Carbon
Year 1943
Lowest
100
preferred series A.
preferred
Columbian
42
40%
40%
109
♦106
,
500
15%
26%
15%
♦41%
42
401/a
40%
300
:
43%
"33%
15%
%
83%
43%
*41%
42%
106
106
26%
26%
*41%
41
%
83%
83%
26%
18%
111
*106
43%
15%
U
83%
26%
40%
110
15%
15%
15
5%
75
42%
43%
6%
50
*74%
40%
43%
900
74
•41%
43
15,000
83'/8
74
$ per
Highest
No par
100
Columbia Gas A Elec—
4'/2
83%
83
75
90
*103
Shares
43/b
83
*74
Lowest
Par
833/4
4%
4%
4%
83
75
Range for Previous
Range since January 1
STOCK
EXCHANGE
the Week
$ per share
share
83
*17%
110
4%
4%
$ per
share
83
*17%
*106
$ per
share
April 14
*74
75
74%
STOCKS
Friday
April 13
April 12
NEW YORK
Sales for
Thursday
Wednesday
Tuesday
Monday
Saturday
SALE PRICES
Bldg
8% Jan
3
13% Mar
par
87"
Jan
3
98% Feb
par
89
Jan
3
99% Mar 18
par
92% Jan
par
% Feb
1
No
No
No
No
10
26
102
Mar
% Jan
3
9%
Sep
Sep
92
Sep
57% Jan
92'/2
Sep
3
62%
Jan
96
Dec
12
%
Jan
28
54
Jan
1% Mar
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
LOW
April K
#
5 per
12 Va
12%
55 %
85
*80 %
•
12%
12%
12%
12%
55%
12%
$ per
share
per
55
59
85
12%
*80 %
Friday
Sales for
April 13
April 14
$ per share
12%
13
12%
11%
11%
11%
58
57%
58%
*80%
85
85%
*80%,
VA
7%
7%
7%
7%
11 %
11%
*11%
11%
11%
11 %
11%
11%
11%
11%
V. 29 Va
28%
29
29
29
29
28
4
3%
3%
3%
'■j 28%
3%
37%
37%
,37%
37%
37%
23%
23%
23%
*23%
23%
11%
12
11%
12
11%
11%
16%
*16%
*100% 100%
100%
*16%
*21
21%
*18%
18%
7%
7%
*23%
21
19%
106
43%
19%
37%
38
No par
100% 100%
*20%
21>-1'
18
17%
6%
7
67/8
6%
96%
97
24
97
;
-
19%
19%
48%
48%
42%
42%
104
104%
37%
37%
22%
21%
21%
21V4
21%
21%
105%
105%
*105%
106%
105%
,48%
36%
*36% ,; 37
28%
*26%
6%
7
7
52
52
13%
13%
*57%
58y4
22%
22%
14%
15
1 103%
^
104%
1,100
37%
,
28%
■
6%
*6%
6%
*6%
6%
2,000
50%
50%
50%
-150
*13%
13%
'• *13%
13%
200
"
57
*57
57%
57
57
300
21 Va
21%
21%
21 %'
22%
23
32%
14%
32%
15Ve
32%
*83
32%
33%
33%
10815
*108ft 10815
*108ft
*104
34%
33%
34%-
33%
10,800
100
26%
26%
14%
*14%
14%
27
*26 y2
27
17%
17
27
*17
26
17 Va
27
27
17%
*17
17
17%
•26%
*17
17%
5%
5%
5%
5%
5%
5%
5%
5%
'5%
5»/4
5%
5%
13%
13%
13%
13%
13%
13%
13%
13%
13%
*-13%
13%
*51%
51%
52%
*52.
51%
51%
51%
*52
53%
*53
53%
12
12%
12%
12%
12%
12 %
12%
12%
12%
*106%
107%
*106%
107%
*106%
107%
*106%
107 y2
*106%
45%
45%
45%
45%
45%
45%
45%
44 y2
44%
8%
8
149%
147
8
'146%
8 y8
8%
8
8%
x7%
146%
149%
*147
149%
147%
8 '/a
147
12%
r
9%
9%
9%
9%
9%
9%
4%
5
4%
4%
4%
1-. 9%
5
:
9%
8
8
9%
25 Va July
Jan
5
1
78%
Jan
98%
1
17
Jan
$2.50
10
100
'45
No
3
20
Jan
27
49
" 8
103% Apr
14
35 y2 Jan
par
9
13
34 y2 Jan
13
24% Jan
48
10
16
Jan
18
25
20
Jan
4
13% Jan
13
70
5%%
Gen
4,200
30
•
Amer
13%
13%
93
-
*13%
93%
General Cable Corp
*145:
*27 Va
y2
*145
148
"
42%
42%
14
-
93%
94
93
93
27
27%
27'
27
1.400
*145
148
14
42
42
:
35%
36
>42%
•
149
35%
35%
42%
42
„•'
*145
113
3
2%
*117
=
"•
132
V
127
127
.£■;
•
108%
*106%
131%',
131%
'
58%
58
•V
57%'
•
128
128
-
108%
2%
20%
20%
7%
*42%'
43%
"
43%
6%
7%
■:
"
■
67/s
6%
20%
20
20
7%v
7%
7%
'.'
21%
*21
1%
1%
*21%
106%
*130
131%
200
57%
18,400
57%
129%
*128%
6%
20%
19%
7%
111
67/a
19%
>
44
*42%
7%
*7%
*1% >.
'
*107%
111
6% :
2i%;
21%
21%
■..
•-
•,
n%
7%
111
80%
80%
'•«5v
'24%
17
21 %
21%
*
23
*22%
113%
*lliy4
113 %
22 Va
21%
102% 102%
-102%
22
-
10%
10%
81%
-
13%
13y8
*90
;
19%
19%
*19%
2
3%
■'
*97
1%
3%
42%
11%
11%
108%
"■>
1%
i%
,
10%
*80%
13%
'13%
13%
91%
91%
*90'/2
19%
-
19%
19
*46
3%
98%
98%
*11%
*44%
100%
*109%
43%
109%
1%
.
-
44%
98%
'
4
4
'
\
17
*16
12%
36 %
36%
;
*16
-
12%
4
«V' '
"".12%
-
-
4
4 •
17
•
*16
12%"
12%
1
*36
..
42%
109%
11%
1%
*4
1%
1%
]
1%
*16
*35%
36
36
36
24%
24%
24%
200
is y4
15%
323a
32%
32%
32%
32%
34%
*24%
15%
15 VA
15%
15 VA
*15%
15%
34%
33
33%
33%
33%
26%
26%
26%
152
*150
*50
60
*47%
48
26%
26%
1,500
48
r
48
26%
27
26%
26%
26%
152
152
152
"152
*50
-
60
*50
60
*51
26%
60
"
*47%
48
:
__
153
»
*51
21
47%
X47%
47%
47
47
20%
20%
20%
20%
20%
20%
20 %
20%
20%
*11%
ny4
11%
11%
*11%
11%
*11%
12
11%
11%
11%
11%
*3%
4
*3%
143
■
143
143
4
*3%
144
145
4
145
I
'
3%
*142
11 VA
11%
11%
;i%.
11%
11%
3%
3%
3%
700
145
11%
ll»/8
11%
3%
600
143
:
141 % 144
14%
15%
15%
14%
15%
14%
15
13%
14%
14%
31,100
14%
"
54
44%
54%
54%
53%
53%
52%
54
52
53
53 Va
54
44%
45
45
45
45%
44%
45
44%
45%
4,000
4
6%
Apr
Apr
Jan
Dec
11%
14
102
Jan
107
Aug
47% Mar 13
37
Jan
51
Jun
107% Jan
5%
8% Jan 11
148
Apr
14
Jan
134
Mar
2
4%
Jan
Mar 17
2%
Jan
15% Mar 16
7%
Jan
10% Mar
6
71%
Jan
18
20y2
Jan
Mar 23
130%
Jan
30%
Jan
97% Mar
28% Feb
8
9%
Jun
151
Aug
9%
8
Jun
% May
18% May
98% May
32 % May
26% Jan
3
Feb
16
35
Feb
24
41
Jan.*
Jan
44 %
112
Apr
17
117
Jan
3
113%
Jan.
119%
July
Sep
2% Feb
10
3
Jan
3
1%
Aug
3
Dec
3
par
115
Jan
11
par
102
Jan
4
100
10
128
Mar 18
51% Feb
4
150
37% Jan
5
43% Jan
34
6
*
93
5
July
120%
Jan
21
83%
Jan
107%
131% Apr
1)
128%
Nov
137
July
59% Mar 13
44 Va
Jan
56
July
Nov
11
125%
3
46% Mar
8
17%
Jan
4% Jan
3
7% Mar
4
2%
Jan
19% Mar 29
130
1% Jan
13
10
112
Apr
1% Jan
11
3
Dec
Sep
131% May39
Nov
6% July
13%
Jan
5
4%
Jan
Marl6
103%
Jan
5
ft
Jan
2% May
23% Mar 13
12%
Jan
25% May
8
109
20 Vs Jan
Feb
21% Mar 16
3
Jan,12
6% Jan
107
Nov
39% July
120% Jan
110
36% Jan
125% Jan 28
148
Feb
1% Jan
113 y4 Feb
26
xl04
Mar
24% May
8% Jun
112
115
%
2% Mar 21
Jan
Jan
59
1%
Nov
Aug
Jun
51% Jan
12
83
12
31%
20% Apr
13
23% Mar 20
15%
Jan
23% Mar
9%
Jan
15%
14% Jan ' 4
81
Mar 28
22% Jan 20
Apr
17% Mar
88% Jan
8
60
Apr
8
Feb
17
7% Jan
3
81% Apr
par
Jan
Jan
14%
Jan
4%
Jan
60%
11% Mar 22
103
24%
108
23% Mar 16
19% Feb
99
91
Jan
15%
8
14
Jan
1R%
22
25% Mar 16
Jan
Jun
25%
Dec
Jun
Mar 31
8
9% May
74
Jan
6
19
14
Mar 22
5
Jan
14%
Jan
7
94
Mar 25
59
Jan
85%
X83
par
July
23% May
113
11% Jan
69
par
par
Sep
Dec
May
Sep
Oct
18% Jan
Jan
22% July
Feb
48% Mar 28
41
Jan
48
1
50
1
14%
46
par
20% Mar 16
Jan
1
100
40
Feb
98
Jan
par
Jan
3% May
73%
Sep
97% Aug
45% Sep
Feb
24%
Jan
83
Jan
Mar 21
25%
Jan
41% July
10
90%
Jan
108% July
48% Mar 22
104
par
par
8
104% Jan
3
par
8% Jan
100% Jan
25
1 % Jan
3
3
45.
110
Feb
Apr
17
1 % Mar 15
Oct
Jan
9%
Apr
101%
Dec
1? Jan
2% May
6% ,Apr
3%
Dec
8
Jan
17
7%
Jan
13% May
5
25% Mar 15
29%
Feb
37
4% Jan
5
17 Va Jan
19
8
12% Apr
5
3
80
10
102
Jan
4y4
13% Mar 18
108% Apr
20
32y2Jan
1% May
1%
18
100
36% Feb
-
ft Jan
3% Mar 13
2% Jan
85% Jan
par
2% Mar 27
Jun
36% Apr
*
Jan
13
24
Dec
26
14 V2 Jan
3
15% Jan
31
13%
Dec
6% pfd—No par
25% Jan
3
34% Apr
12
21%
Jan
No par
—100
24% Jan
3
29
143% Feb
15
153
Sep
July
18
par
July
24
Mar
8
23% Nov
Apr
32% May
27% Jan
Jan
154
Dec
57%
Sep
65
Jan
5
31%
Jan
50
Sep
19% Jan
3
22% Jan
24
14%
Jan
21%
Dec
13
12% Jan
14
11
Jan
10
11% Jan
13% July
——
preferredAircraft Corp
Grumman
Guantanamo Sugar—
8%
^-100
1
—
1
No par
nrpferred
Gulf
100
preferred-—
Gulf Mobile & Ohio RR
2,500
44%
r'
44%
Mar 22
Jun
14%
53%
50'/4Jan
"
53%
13
6%
Jan
Jun
17
170
4
14%
11
1
•
r
143
3
Jan
9%
51
2
28
Western Sugar
5%%
700
3%
Jan
Mar
24
Oct
43 % Feb
1,500
*11%
:
3
5% Mar 13
14% Mar 17
54
3
Jun
4% May
Greyhound Corp (The)——No par
12,000
*11%
' 11%
30% July
No par
10
West RR
Green (H L) Co Inc
'
20
Jan
1
par
—20
Preferred
60
47%
19%
4%
Mar 17
Jan
Green Bay &
20%
*
Great
5
Jan
23
Ore Prop—No
Great Northern Ry
20
153
14%
9% Feb
preferred
5%
Jan
Jan
3
4
Aug
Jan
18
Jan
110
1%
3% Jan
Co
Great Nor Iron
28,400
*150
152
60
Grant (W T)
1,600
33%
'
26%
*50
1.200
11%
Dec
2%
Mar
15% Feb
Steel
Granite City
500
*24%
24%
15%
11%
75
Sep
38% July
3iy4 Jun
9 Va
4
29
81% Jan
par
-5
Dec
7
4% Mar 11
—No par
Grand Union Co
24%-
36%
*24%
11%
20
110
Granby Consol M S & P
15%
Feb
140
100
1.300
17
Jan
29%
15
15% Jan 22
7
7% Jan
par
1
May
50
7
Mar 10
6
Graham-Paige Motors
36
'36 Vs
11%
(The)—
7,500
1%
1%
'■
*3%. ? 4
.■■>"
17
5%
15% Mar
95
33% Jan
14
Preferred
80
36
36%
15y8
*149%
500
12
108%
12
24%
.:
.,4
1,900'
12
*107%
11%
15%
*24%
25
4» 71
*16
: 5.000
12%
15%
*24%
4VB
17
42%
42%
108%
*16
300
*100
109%
11%
*107%
100%
109%' 109%
42%
12
4
2,200
*
109
16%
190
98%
44%'
12
1%
I
1,900
19% May
21
Jan
conv
Dec
Jan
Jan
preferred
Gobel
(Adolf)
tGoebel Brewing CoGold & Stock Telegraph Co
Goodrich Co (B F)
No
5% preferred
No
Goodyear Tire & Rubb
No
$5 conv preferred-No
Gotham Hosiery
No
2,400
3%
98 %'
45
.99%"
:
■
1%
'
99%
preferred
4%%
3%
'
•
—
Dec
Jan
19
No
No
No
No
No
preferred
Glidden Co
1,100
1%
; 3%
*107
110
1%
98
45%
*99%
12'
*108%
1%
99
45%
100%
42%
$6
100
'
conv
Gimbel Brothers
47%
1%
-
$5
200
4,400
19%
48%
1%
43
:
93
19%
3%
42%
8,300
10%"
13%'
54
10%
12
110
Rubber Co„
preferred
Gillette Safety Razor
Feb
16%
Apr
100
5
100
4 Va %
230
83
*46%
1%
-r
10%.
*83%
General Tire &
1,100
21%
19%
3%
'
109%: 109%
12
10%
83
113%
39%
9% July
23
No par
preferred
6%
13% July
23% Mar 24
10
143
20
Telephone Corp
Gen Time Instru Corp
2,000
101
48%
1%
#97
*20%
101
10%
3%
•45%"
*111%
20%
13%
*48'
48%
*100%
108%
1%
'
19%
•
,
22
8iy2
*91% *93
•'
24%
21%
102
1%
■
24%
500
53
Jan
Jan
4
General
2,200
'•
'
Jan
Jan
3
490
1,400
-
'
*'.
113%'
20%
*101
3%
110
*11%
108 %
19%
22
*111%
10%
93
=>48
w.
43.
109%
109%
109%
*106%
•
>
100%
100%
43%
43
46%
46
46%
101%
"
7>V.
98%
*97
98%
46 Va
90
81%
■
13%
13%
a
102
16%
>81%
;
20%
,24%
22
22
81%
20%
81%
10%
81%
-
3%
*100%
'
101
10%
1%
3%
*1%
r
19%
"48%
*48
48%
*48
22
-21% "21%
22
13%
'
=.iA
*93
*90
93
13%
*24%
*
7,600
Jan
9%
17
4% Jan
700
'('■
1%
xl6%
•
81%
100
112
1%
81%
17
*24%
500
*111
20%
81%
25"
*111%' 113%
102
*80%
81%
*
20%
*16%'
200
1%
3%
Mar 13
10% Feb
Corp—No par
1
$6 preferred
No par
Gen Public Service
10c
Gen Railway Signal
No par
6% preferred
t
100
Gen Realty & Utilities
1
$6 pref opt div series
No par
General Refractories
No par
General Shoe Corp
1
Gen Steel Cast $6 preferred—No par
'
1%
" V",>
l%
81 %>
?
81%
"
22%
113%
*21%
80
83
17
17"
■'
'
Jun
July
30%
•=
96 %
43% Jan
100
No par
.-100
No par
22%
Mar 31
General Printing Ink—
1,000
•
*20% *21%
>
112
1%
81%
24%
>
*111
'■*
21%'
,21,
-
"•
102
10%
*80%
13'/a
81%
*111%
102%
10%
81%
•
167/a
22%
.
•
21%
-
21
24%
22%
♦111
•
81%
"
8i%
1%
•
7
Mar 20
106
Gen Precision Equip
1,500
•
8
Jan
51
par
No par
No par
Outdoor Adv A
Common
2,900
Ill
*107%
-,>
1%
21%
21%
112
.
1%
•
82%
167/a
...
24% i* 24%
24%
22%
112
i%
20%
-
.
82%
•
-
1%
81%
21%
82
112
112
81
21
82%
•
'
i*%
*16%'
17
82
113
>:':••■ 81
21
21
* :
i%'
7%
Gen
Jun
4% Jan
13% Feb
No
preferred
$5
200
...
20
7%'V
*1%
1%
1 ;•
7
*19%
19% >
*107%
>
6%
=
r
1%'-
44'
28
36
11% Jan
$4.50 preferred
Jan
105
8
General Motors Corp
700
130
*42%
"
*112
1%
*16%
20
'106%
57%
*128
43%'
"
"<
113
1%
-
••'"
107%
•
"'vV
1%
*112
19,000
•
119%
131%
43
6%
r:/
7%
*107
■■111
*107
111
.
6%
20%
6%
*1%
2%
=>117
.
•
19%
110
3
Gen Gas & Electric A
Jun
1
4
Feb
No
—No
No
$6 conv preferred series A-No
General Mills
No
5% preferred
70
600
57%
58%
2%
•>
117
131
128
128
2%
117
*106%
131%
131
•
>•
—
36
14
6% Jan
General Foods Corp
2,200
112%
112%
preferred—,.
General Electric Co
22,000
42
41%
-
-
•
preferred—
"
6%
*107
*106%
" •
2%
112
cum
7%
35%
35%
42%
112
112%
119%
*117
128
-
2%
119%
58%
*42
43%
*42
*117
131
58
>"
2%
2%
,
108%
131
■'
58%
57%
127
'v.
V
112%
113
,
3
*106%
-
*112
•
-119%
*117
107%' 108
-
2%
•
119
*130%
113
113
v
1%
General Cigar Inc
149
*145
'
-
35%
42%
:
13%
*13%
'
*112
Class A
>440
-
"
148
35%
400
*13%
94
27
27%
*145
36 Va
42
r
27%
148
,c
35%
36%
35%
'
Jan
60
No par
General Bronze Corp
2,400
-
25%
8% •Mar
No par
2,500
4%
27
14
94
•
27
*27%
•
4%
>
93%
14
13%
93%
27
14
93 % v 93%
V
5
5
38% Mar 17
23
No par
preferred
$8
109
58% Mar
Feb
Jan
167/a Mar
No par
5
5
No par
5
Jun
Jan
Feb
50
Transportation
39%
15%
29% Jan
1
preferred—-—
Jan
Jun
July
97%
103 Vs Apr
5
General Baking
$6
43
Mar 20
53 y2 Jan
No par
Gen Ainer Investors
50%
Jan
31%
Mar 11
23% Mar 10
107
14% Mar 28
107
preferred—
conv
Jan
Jan
25%
6
29% Mar
6% Jan
No par
100
Wood Industries Inc
41
Jan
11% Jan
"
'
4
19% Feb
104 Va Jan
Ao
'19%' Jun
12%
42
Mar 27'
Apr
Nov
107 Va Mar 13
No par
—10
— 100
1
10
Co
3%
43% Mar 22
No par
(The)
Co
25
38% Feb
par
No
1,500
9%
4%
Jan
—No par
1,300
8
5 >r
15
Gaylord Container Corp
180
148
9Va
V',7 9 Va
Gar
1,700
45
148
147 %
1
93
Apr
98% Feb
preferred
Gamewell
107%
45
3
100
(Robert)
Gardner-Denver
•3,300
•
12
*106%
22% Jan
No par
cl A
(The)
Co Inc
6%
190
53%
12
107 y2
45%
Gabriel Co
Gair
200
■r
17%
13%
>
6%
25% Feb
3%
14%
*26%
Jan
20
3%
*14%
*16%
,*14%
3
par
3%
14%
:■
103%
3%
7% Apr
5
3%
*14%
3%
Dec
4
'
4
3%
14%
*3%
18%
Jan
5
3
3%
*14'/a
3%
Apr
Feb
27/a Jan
3%
14%
*3%
29%
13
2% Jan
400
3%
14%
27
.3%
Dec
12
12 Vi Jan
3%
3%
103%
.
18%
20% Jan
No par
1
3%
3%
104
"
21% Mar 17'
—100
3%
*3%
10815 '
104
iuly
105 % July
4
conv preferred
4%% preferred
3%
3%'
104%
19%
Jan
13
700
-
^*108ft 10815
3%
*3%
104%
Nov
Jan
86
17% Apr
3
.
Mar
May
11%
19% Jan
15
I
*108ft
3
Jan
104%
42
28
Nov
6%
24
30% Jan
104%
104%
17% Feb
101% Feb
10
1
*108ft 1081J
*108ft 10815
*104%
18
21
Nov
Nov
8%
30%
21
8
17
Freeport Sulphur Co
Frueliauf Trailer Co
2,100
■>,.
Mar
14% Jan
590
32%
32%
7 '33%
Jan
38
24% Mar 21
'
F'k'n Simon & Co Inc 7% pfd
91
.ir
-
4,300
14% Jan
1J0
No par
6% prior preferred
Francisco Sugar Co„
6,130
3
%
.2
Foster-Wheeler Corp—
5,600
14%
14%
*83
■
32V8
32%
104% X
*33%
:
91
V
22
22-,
,
14%
14»/8
91
*83
••
14
20
Nov
„5
Florsheim Shoe class A
Follansbee Steel Corp_
5% conv preferred™
Food Fair Stores Inc
Food Machinery Corp
100
•
23
15
400
>
50%
13%
22%
91
34%
*33%
36%
*26%
23
15
32% "-
32%
*36%
28%
3
Feb
9% Jan
No par
Flintkote Co (The)
$4.50 preferred
Florence Stove Co
130
•
36%
$6 preferred
Federal-Mogul Corp
' Federal Motor Truck
Federated Dept Stores
,'•• 4%% conv preferred
Ferro Enamel Corp
Fidel Phen Fire Ins N Y
Firestone Tire & Rubber
■
4%% preferred
First National Stores—
3,700
.
36%
21%
*83
1,800
22%
105
*26%
22%
15Va
37%
21%
104%
37
51
*56%
1,000
1,600
'
r> -.-3,600
*
23
*22%
90%
14%
6%
51
57
22%
22%
*84
33%
33%
6%
r
;
28
28
14y8 '--'*13%
57
23
*36%
51%
*13%
~
•
58y4
22%
32%
32%
14
*22%
91
*85
6%
51%
52%
r
*57%
23
22%
36%
28%
7
*51%
^-^14
"
36%
*26%
28%
>19%
7 48% '
42%
105%
*36%
320
42%
21%
106%
96%
,
37%'".
37%
21%
*105%
700
*19
?;
104y4 "
104
24%
96
24%
43Va
3,800
•
33% Jan
X22
20
Federal Min & Smelt Co
500
1,700
Co
Farnsworth Televis'n & Rad Corp_l
' Federal Light & Traction
15
80
•
Products
Fajardo Sug Co of Pr Rico
2,600
17%
*24
19%
V
-
*99% 100%
■' *20%'"" 21 —
,
17%
22%
*26%
,/
1 Fairbanks Morse St Co
48% "
19%
V
38
1,600
>
43
.48%
105%
37%
5
106%
22
*105%
r
43%.
105%
-v
4% Feb
—
49
43
'
25
16%
19%
48%
-
105% J
105%
37%
37%
49
42%
-"-Vv
19"%
48%
43
2% Jan
*16%
,
4
2.50
16%
96%
3% July
10% Feb
300
*16%
96%
96
Jan
5
3%
16%
*96%
96
29% Mar
Jan
Cleaner
8
*3%
6,100
24%
Jun
Nov
10
3%
11%
24%
14%
6% Feb
6
36%
24
Jan
5
29 % Apr
22%
24
Vacuum
3
11%
24%
5%
15
21% Jan
36%
*23%
Jun
7
78 % Feb
—3
22%
"•
9%
13% Mar
15
Ex-Cell-0 Corp
Exchange Buffet Corp
,
11%
"7
Jan
78% Feb
6,300
'
23
6%
3%
50
28%
37
7
78
5
39%
28%
11%
18%
Jan
11
28%
22%
18
52% May
68%
59% Apr
Evans
*36%
18%
16 Va May
Jan
13% Mar 22
3
1,000
11%
7
18%
16% May
Jan
3
46% Jan
11
37%
'7%
49
*105%
.21%
Jan
8
4
9% Jan
100
10%
*16%
.
8%
9% Jan
par
800
7
23%
7
'<>'■
20
48%
42%
21
'
13% Mar 22
par
7
*3%
100% ,'- *100% 100%
21%
'
*21
21%"
Highest
per share
No
5% pref series A
Erie & Pitts RR Co
11%
16%
100%
$ per share
No
Ctfs of bene! int
Eureka
Year 1943
Lowest
per share
Highest
$ per share
Par
Erie RR common
4,700
37
18%
96
*19%
*16%
Range for Previous
Range since January 1
Lowest
,
29,700
23
V
*18%
25
*95%
16%
100% \'.
7
3%
3%
37%
23%
7
'
STOCK
EXCHANGE
85%
*80%
IVa
*3*8
3,400
12
57 Va
NEW YORK
Shares
12%
12%
12%
58%
7'/a
29
share
per
11%
*7%
•
$
58
85
STOCKS-
the Week
share
12%
.
%
'
-
Thursday
April 12
12%
*55
*80%
$
PRICES
Wednesday
April 11
share
12%
12
55 %
SALE
HIGH
Tuesday
April 10
T
per share
12%
AND
Monday
Saturday
1565
Oil
Corp
-No par
No
w*
25
60
Mar
4
11% Jan 27
3% Apr
123
3
Jan 26
6J/4Jan
33
Jan
44% Feb
3
3
8
67
13
Apr 14
Feb 3
Mar 13
4% Mar 10
Mar 14
150
138
10% Nov
17% May
2%
Jan
5
Jun
81%
Jan
160%
Jun
15% Mar 20
3%
Jan
10% May
56% Mar 20
25%
Jan
41% May
46% Mar 17
44 Va
Dec
50% July
'
H
*27%
28%
>27%
28%
*27 VA
28%
♦27%
28%
*27%
28%
♦27%
28%
*36%
37 y8
>36%
37%
*36'%
31 Va
*36%
37'/a
*36%
37 Va
*36%
Hackensack
37%
*11%
-
12%
107
For
16
16
16%
*16
'106
>11%
*106
footnotes
-
see
16
12%
11%
106
107
page
1571.
16
11%
106%
16
*11%.
106
16
t
♦15%
16
12 Va
12
12
106'%
107
107
♦15%
12
*106%
16
800
12
500
107
90
Water
preferred class A
Hall Printing Co
Hamilton Watch Co.
6% preferred
-
1%
27.
Apr
4
22%
Feb
28%
23
Sep
35.
Jan
20
37 Va Mar
6
35
Jun
38
Apr
25
-10
15 % Mar 13
36% Mar
8
12 y4
Jan
18% July
9%
Jan
—No par
100
11% Mar 28
106
Apr
11
29
14
Mar 22
Jan
17
107% Jan 24
104 Vi Mar
15%
Jun
lioya July
THE COMMERCIAL &
1566
April 10
$ per
April H
$ per
*104'/a
share
*104%
106
16%
16%
*147
*7%
2%
■
*162
79%
*65%
79
*78
65
♦;
*116%
21%
*21%
37%
*115%
*20%
22
*20%
*21%
21%
-*37%
14%
383/4
14%
*14%
14%
14%
''
<
14%
43%
42%
44%
:
59
<
•'.-v
39%
*14%
15
*14%
143/4
14%
*43%
9%
10%
10%
10%
10%
10%
10%
33%
33%
33%
33%
33%
*1%
•'!%
*1%-
1%
1%
1%
'
1%
1%
1%
*7%
9%
*7%.
9%
*8%
8%
»
*7%
8%
*7%
25%
25%
25%
25
9%
9%
9%
1%
1%
1%
15%
15%
15%
36%
36%
*16%
39
:
*96%
1%
1%
1%
1%
1%
5,600
26%
26%
26%
26%
26%
26%
16%
15%
15%
15%
15%
14,500
37
36
36%
*35%
35%
1,400
58%
58%
58%
780
58
58%
58%
13%
13%
13%
13%
13%
13%
13%
16%
*16%
16%
16 3/4
163/4
35%
700
3,100
96 3/4
200
16%
17
38%
97%
96%
165
74
74
10%
10%
10%
10%
8%
8%
8%
,.
113%
7%
7%
173%
174,
172%
172%
174
70%
71%
71%
71
70%
173%
173
173%
173
*2%
2%
2%
16%
16%
16%
*16%
26%
132 y4
5%
15
143/4
73%
8%
*117
*63 %
124
14%
14%
14%
14%
14%
*16%
16%
*16%
16%
32
*31%
16%
14%
*28%
;
22%
63%
75%
11%
1
103/4
21
*20%
16
37%
66
120%
15%
16%
,
7 141.
*13%
323/4
141
16%
*32
*140
■;
600
.
*117
127
I
14%
14
14%
16
16%
300
*83
*83
100
100
100
*83
22
22
65%
65%
65%
65%
74%
743/4
74%
75
11%
11%
11%
11%
*16%
22
64
64V2
65
743/4
75%
74%
11%
11%
17%
17%
17
37%
16%
*113
37%
'
15%
1043/4,1043%
17
■
•
17
*20%
16%
16%
115
*112%
21
16%
'
17%
400
n
11
11%
12,700
37%
35%
35%
36
36
15%
15%
15%
16
16
'1,800
*104%
*109%
16
*112%
17%
112
20%
16%
115
*16%
105%
110
20%
153/4
*112%
17%
110
*16%-
105%
:
112
*20%
21
153/4
15%
115
113
153/4
31%
31%
31%
31%
31%
30%
31%
30 3/4
*20%
20%
*203%
20%
*20 3/8
20%
20%
20%
20%
20%
*20%
35
*35
35%
*35%
36
35%
36
*34%
2,000
;
23%
34
62%
63%
61
61
61
61%
23%
23%
23%
233/4
23%
23%
23%
23%
23%
*7%
53/8
9
*7%
9
30%
31
11/ 30%
30%
*33%
34
f
34%
31
33
5%
63%
23%
:
9
*30 3/8
*34%
5%
62
5%
23%
*7%
35%
5%
62
F8'
5%
61
>
333%
*7%
*30%
34
9
*
7%
5%
5%
*7%
9
200
3,700
5%
540
.
3,200
31%
30%
30%
30%
30%
34
34
34
34
Nov
15%
Jan
8% July
38% July
Apr
106
Jan
8% Mar 17
6
Nov
9
Mar
2
6
Jan
93/4
Apr
Jan
5
144%
Jan
Jan
31
56%
Jan
173% Jan
12
162
Jan
115
-
177
Mar
Sep
743/4
177
Jun
July
4 %
%
Jan
17% Mar 23
113/4
Jan
19
Mar
20
55%
Jan
67
July
3
5% Feb
21
3%
Jan
28% Jan
17
25
Nov
14
129
Dec
2% Mar
4
134
Feb
6
Jan
3
7
16% Mar 16
8%
11
75% Mar 13
May
6% May
36%
138
Apr
July
Jan
143/4
Dec
45%
Jan
693/4
Dec
7% Feb
3
10
Mar 22
3%
Jan
11%
Jun
68% Jan
4
753/4 Mar 25
37%
Jan
71% July
39% Jan
13
43
Jan
35% Jan
13
373/4
Mar 16
56% Jan
>
3
Feb
39
31
117
July
28
44
Apr
Jan
38% July
Jan
60
102%
Jan
115
6%
Jan
-
71% Mar 10
36
■
>
Dec
i
July
16% May
16"% May
6 3/4
Jan
Jan
18%
Sep
Jan
18
Jun
29
Jan
6
32
Mar 27
27%
Jan
323/«
Apr
138% Jan
17
141
Mar 15
Jan
145%
Jun
13% Jan
1
No par
,
—5.
15
Mar 13
3
23%
Mar" 16
Feb
16% July
34 r.
July
109% Aug
70
Jan
Aug
79
19%
Jan
26%
Apr
65 w
Apr
5
66% Mar 22
54
Nov
4
76% Mar 16
10% Jan
14
Jan
58
19
Mar 13
124
6% Jan
643/4
Dec
25
8%
Jan
Mar 21
xl2%
11% Feb
163/4 Mar 29
X122
Feb
19
' Jan
5
Jan
4
16
Apr
105% Apr
19% Feb
.
6
110
17"
Mar
110
20
Jan
Dec
5%
Jan
92%
i
/82
123/4
19%
127
10%
Sep
Aug
Apr
Jun
Sep
Aug
Apr
19
Dec
14
-7%
Jan
17
Sep
14
83 /
Jan
104
Nov
11%
Jan
17
Sep
115
Dec
39% Mar 11
4
13% Feb
.
121
25
14% Mar 28
-'3
19% Jan
102
.100
pfd
Jan
99% Mar
96
Kelsey Hayes Wh'l conv cl A— ,„1
—i
cia&s b
:——
conv
9%
26
10
66% Jan
:
.100
—.—.
Feb
78
—1
preferred—
135
14
110
20% Jan
No par
—No par
preferred— .100
Kayser' (Julius)' & Co
31% Jan
21
84% Feb
..10
& Furn
•
15% Mar 22
3
28 % Mar 28
1073A Jan
100
1
(S H) & Co
No par
Kroger Grocery & Bak_—_No par
2,000
93/g
6%
213/4. Jan
9%
Kress
1,700
34
Jan
10%
•
9
Apr
783/4 juiy
;
163/4 Mar 15
A——No par
No par
Keystone Steel fy Wire Co—^No par
Kimberly-Clark Corp
No par
1
Kinney (G R) Co.
$5 prior preferred—.,—No par
..10
Kresge (S S) Co_———.
1
Kresge Dept Stores——
300
Jun
July
69% Jan
i 66
3
:
Mar
6
103%
Feb
22% Mar
8
14%
Jan
293/4
Apr
24% May
Jan
25
13% Jan
26
Jan
21
Feb
4
32% Mar 17
28%
Jan
35%
19% Jan
7
20% Mar
8
15%
Jan
20% July
4
35% Mar 14
Jan
34
112
.
30
Kennecott Copper—
16,500
31
non-cum
conv
Apr
168
4
Kendall Co $6 pt pfd
10
36
,
536
61
»
62
13% Feb
P & l pf ser b
City Southern
Keith-Albee-Orpheum
30
20%
4%
j
1,200
113
31%
60%
5 %
443/4
100%
Jan
Mfg Co
4%
Nov
86% Nov
15
Kaufmann Dept Stores
600
323/4
158%
May
May
19% July
83/8 Mar
25% Mar 31
-No par
No par
50
pref series B conv
Kansas
13
Jan
3
130
15
100
Co
Kan City
i
50
17%
*110%
20%
.»:
10
*122
*104%
17
—1
1
Kalamazoo Stove
3,700
*15
*17
*122
31%
■
Joy
600
Jan
4 % Jan
100
preferred
5%
1,100
10%
20%
115
2,100
"
11%
-
17
*10934,112% '
21
6,900
22%
48 /
13
65
preferred—1
100
Johns Manville Corp
.—No par
Joliet & Chicago RR stamped—100
Jones & Laughlin Steel
—-No par
5% pref series A
100
100
*36%
-
-
*83
10%
*122
'
11%
*15
112%
"
■'
1
11
15%
21'
17,%
*121%
221/4
163/4 May
31% May
Jan
Jan
13/4 Jan
5
4l/*%
2,600
653%
74%
223/a
12
88%
21%
22%
*11%
88% '
Jan
Jan
-1
Jarvls
88%
23/4 May
-No par
Jewel Tea Co Inc—
88%
V.
11% July
15% Jan
-25
Island Creek Coal
700
90
-
114% Mar 13
28
Intertype Corp
100
600
89
Jun
29% Mar
4
6
15
14%
90%
27
17% Jan
28%
90 3/4
Jun
10%
11%
7
143/< Apr
500
100
8
24
12
33
111
8% Mar
21
16%
*106
Apr
2%
-
18%
11% Mar 15
343/4 Jan
26
11% Jan
*32
112
3
28
Feb
153/4 Feb
(W B)
Nov
37
20
.—No par
Stores——No par
14%
>107%
76% Jan
3
165% Jan
Foreign share ctfs
Interstate Dept
28%
112
-
9
14%
*107%
?'•
6
$6
Jan
July
413/4
v
Jan
ii
-
9% July
Jan
4%
Sep
July
68 %
4% Jan
7
143/4 Apr
120
Jan
22%
-
3
Jan
120% Mar
28%
110
7% Jan
31
Feb
162
3
14%
110
%
14
99
6
12
*15%
141%
.10% Feb
41% Jan
3
Feb
16%
*140
71% Feb
/
100
33
141%
14
Mar
11% Jan
4,000
16%
35% Apr
88% Jan
158
100
—
Jan
114
i
Jan
30%
-
17% Mar 16
74
i.
Jan
3"%
Aug
July
57% July
Mar
59% Aug
14% Mar 22
4
14
preferred
7%
56,000
14
4
69% Apr
Silver
-44
105
18
Intern'l Telep & Teleg_—No par
100
14
31%
*34%
International Shoe
International
%
Apr
17
<
15
Jan
par
International Salt-—
600
37%'
66
14
14%
*32
13%
16%
.
120%
14%
37%
*63
*28%
37
*110
115
43
14%
17
36
*113
43
*37
*64
120%
*16%
:
-
66
28%
105
"
43
43
37%
8
Jan
Xl6% Jan
No par
100
250
■;
14%
17
112%
*110
*42
•
conv
28 3/4
11
37
17%
72%
5%
14%
*104
105
*16%
*713/4
58'% Feb
174
Inter Rys of Cent Am
5 % preferred—:
700
28%
17%
*15
.15%
*8%
72%
4
29
Co,.
preferred—
14%
122
10%
36%
36%
*15
*104
8%
Jan
154% Feb
Paper
28%
12
122
L—
10%
2,700
9
46
3
—
45
Jan
39% Mar 22
27
27
Chem—
Jan
9%
17% Mar 22
3
No par
———————100
International
22,400
*71%
83/4
72
,
64
*17%
173/8
*17%
*122
14%
74%
.
i 3
No par
preferred
Preferred
50
•
&
36%
1% Mar 15
25
Int Nickel of Canada.—1
15,100
26%
131%
14%
75%
75%
*11%
11%
131%
74%
223/b
*63%
63%
75%
26
26%
132 %
4
10% Mar 16
;
6% Jan
International Mining Corp.:
3,600
8 3/8
14
141%
100
*83
22%
22%
*140
26
132 %
4%
143/4
*16%
16%
33%
91
90%
100
*83
16%
111
*109%
90%
90%
69
4%
-4
6% Jan
No
117
42%
21
11
17% July
17 /
Sep
Jan
9% Mar 22
109 3/4 Jan
Hydro-Elec Sys class A-
4 %
Feb
25% July
40 3% July
V
31
4
Mar 22
21% May
Jun
10
Feb
par
—
14%
*14%
28%
111
*67
Int
<
26% Jan
100
Machines
29%
14%
28%
*109%
67%'
43%
73%
13%
16%
*32
140%
140%
*140%
67%
—No
12%
11% Mar 23
—No par
International Min
700
200
Mar
66% Jan
-x—No par
——
Preferred
1,900
•
143/8
*117
14%
*16
72
"
16%
73%
37%
14% '
14%
14 %
16%
92
16%
16%
„
*16%
15%
*64
120'%
14%
14%
14%
16%
733/4
*42
66
*110%
16
"
' 73%
; 72
37%
*63
67
"
43
*37%
124
*64
*110%'
43
;
66
2%
5
8%
73
37%
37%
37%
37%,
:
8%
,s
8%
72%
43
*42%
43
*42%
8%
73
'
173%
2%
112
f:*;
Jan
Jan
Jun
115
17
10% Jan
—1
preferred
Business
8% Feb
24
—20
International Harvester
1,140
173%
2%
4%-
Int
Jan
25% Jan
par
Inc
v
64% Mar -9
»
4
1% Jan
•
par
No
Interlake Iron
900
3
7
443/4 Mar 16
16
Jan
Dec
87
136% Aug
-
'
/'•:
100
Intercont'l Rubber
4,000
14%
7334
72
69%
68
5
15
73%
73
6%
80
"<■,
168%
69%
70
173%
26 3'8
14%
168
169%
16 %
*667/a
No
Co——:
4,800
7%
*2
132 %
73%
7%
■
173
26%
73%
69%
■■
2%
132%
is y8
.8%
■
Jan
22% Mar
,
100
.1000
—
1,000
-
3
45% Jan
6
16%
29%
Jan
283/4 Jan
*
3
25
100
—.—.—
Intercheraical Corp-
200
**
7%
20
13% Jan
Apr
100
Insuranshar?s Ctfs
173%
16
-
169%
71%
131%
73%
8%
173
26%
26
131%
15%
73
7%
*2%
68%
5%
26%
7%
173
•
16%
*66%
132%
*131%
7%
70%
2%
•
5%
5%.
26 V8,
-42% Jan
——-20
Inspiration Cons Copper—
32
4
12
1,100
112%
Jan
15% Mar
117
6
2,200
*7%
7
14%
7
39
»•
:
12
2
8%
*303/4
Jan
3
-
5
163/aFeb
11
10 %
*112
22
1% Jan
Inland
7?8
/
100
100
8%
112%
7%
173
>
67%
67%
69
4: 5 %
112%
.
173%
2%
*16%
*303/4
7%
-
Aug
123%
21% Mar 14
35
10%
32
313/s
1123/4
7%
Ingersoll-Rand6% preferred
'
July
118
21
2,500
8 %
71
Jan
.30% Feb
74%
10%
7%
7%
7%
7%
10%
*8
Jan
3
ctfs series A
Steel
49
100
152
66% Mar 18
117% Apr
23
Jan
Jan
Dec
39% Jan
Feb
„
73
128
4
13% Jan
54
5
Mar 10
7% Feb
,74%
73%4
31%
113%
113%
7%
7%
*7%.
8%
See
RR
81% Jan
134
10
116
•
Indianapolis Power & Lt_—No par
Industrial Rayon
—No par
20
*160
73%
112%
32
*31
32
*31
*112%
*8
*96
*160
*160
74
10%
35%
363/,
96%
165
74
7%
;
36
96%
>160
2%
'
37%
96%
1
.
165
*8
7%
17
37
38
37%
*96%
97
*160
31%
Leased lines 4 %
310
16%
%
Aug
25
3
preferred series A
6%
172
21
.3
RR Co
Central
Illinois
21
36% Mar
1
Idaho Power Co—
/1,300
15%
36%
Apr
Jan
Jan
Jan
Hupp, Motor Car- Corp
36%
71
Feb
Bay Min & Sm Ltd—F-No par
-No par
1%
16%
-
Jan
2
20% Jan
/ Hudson Motor Car—.
58
38%
113%
•
2,400
24%
110% July
563/4
63
preferred
non-cum
7,400
10%
26
5%
Hud
9
74
*131
8%
33/0 May
Jan
108
Manhattan.
&
8%
8%
5 %
*7%
/Hudson
24%
10%
*67%
800
9%
74
173
1%
Jan
27% Feb
7
,'13% Jan
•
1%
3
>19 % Feb
oct
10% May
93%
5
25%
8%
71%
1%
1%
8%
Jan
_No par
100
-12.50
Howe Sound Co_
/
8%
10%
173%
1,400
63
1093/4
Dec
3
Jan
163
18
114% Feb
.
Jan
6
4
4
Jan
Jan
86
25
t c—25
Houston Oil of Texas v
24%
74
7%
33%
13
16%
*7%
33%
33
58
*96%
97%
31%
15,000
13%
39
*112%
9%
57%
17
*73%
9%
9%
57%
13%
162
162
64%
*13%
57
-
64%
26%
36%
57
1,100
6434
Feb
,
>' Household Finance—j.
—No par
5% preferred—-100
/• Houston Light & Power Co.—No par
1%
15%
36%
*13%
120
*
76
.Feb
4%
•
Sep
753/4 Feb
Mar 11
128'
-No par
„—No par
—
9%
26%
15%
*35%
"v
700
59
110
"
26%
26%
26%
*573/4
*109%
59
Class B
1,700
14%
3
183/4 July
144% May
7% May
106% Jan
6
22% Mar 28
10
„
Houdaille-Hershey cl A:
43%-
28
Mar 13
160
—5
—
Honiestake Mining:
4,300
42%
14%
14%
preferred—
1%
*
*43%
110%
700
«
41%
43"%
—
(Del)—„
Holland Furnace
;; Hollander & Sons (A)—,
'i Holly Sugar Corp—
9%
1%
26%
41%
200
25%
9 3/8
1%
*116
(C E) The
Hires Co
400
-
108% Apr
1
7% Feb 23
2 % Jan
1073A
Jan
135
,73/4 Mar 15
3
Highest
$ per share
Jan
13%
Mar 13
5
63 3% Jan
10
1
..
'
9
*25%
25%
25%
9%
33
34
14%
*116
Hlnde & Dauch Paper Co
.
146
\
993/4
17% Mar 16
8
14
.99
No par
No par
—
11
6% Jan
—No par
100
,
preferred
cum
Hershey Chocolate
$4 conv preferred
100
213/4
*38
,643/4
103/8
93/4
*21%
15
33%
34
100
38%
*109%
65
643/4
65%
65
65%
65%
66
6%
116%
*115
21%
59
;59
111
Hercules Powder
10
Motors
Feb
5% Jan
No par
1,400
133
*63
66%
117
preferred
non-cum
783/4
78%
*132
*20%
14%
15
59
111
59
110%
110%
7%
Hercules
Jan
108
Lowest
$ per share
104% Jan
25
25
—100
W)_
(G
1,300
38%
,
Helme
13
—
Co.—
Glass
23%
23
79%
133
Mfg Corp
Hazel-Atlas
*162%
•"
23%
21%
21%
41
42
44%
*14%
15
14%
14%
1
,
*43'/a
111
-j
..
100
71
6%%
Hayes
460
>.
*21%
14%
.
413/4
*43%
61
61
111
65%
42%
44%
14%;
14%
61
143/4
-
*116%
>116%
*43%
111
65%
*63
67
117
37%
*14%
15
43
43
14%
*132
•'
44%
60%
78
79%
133
*64 '*
21%
38
*14%
*116
111
23'/a
/
2,000
103
*68%
70
*162%
23%
2%
2%
102%
*115%
118
*
*116
2%
102%
70
„
23%
21%
14%
'
71
*132
•21%
'
2%
-■102%
2%
102%
.
♦
38
*14
14%
42%
2%
102%
.
*70
21%
*21 %
14%
*43%
200
66%
*64
65%
118
*21
'
14%
%
*116%
21%
*14
7Va
79
133
38
38
*6%
79
>132
22
*21%
7%
*162%
133
68
*20%
*6%
24%
79
118
*115
7%
71
*132
79%
132
'132
10
7
15% Jan
$ per share
12
138
100
—1
100
1
preferred
of Amer class A
preferred
Hayes Industries Inc
Hat Corp
400
108%
105 % Jan
No pa*
No par
6%
i
*105%
7
(M A) Co $5 pfd
Year 1943
T
Highest
$ per share
Par
Harbison-Walk Refrac
150
6%
108%
^
v":'-
:
1,600
6%
2%
*24
16%
*147
150
''
Hanna
*105%
7
Lowest
Shares
106
16
16%
.
7%
>162
24
*147
150
*104
106
share
109%
*6%
102%
*70
—
*23%
24
-
71%
*70
—
24
102
102
71 %
*70
*162
*2%
101%
2%
2%
2%
102
102
16%
16%
*147
7%
*7%
*104
106
%
''
$ per
Range since January 1
STOCK
YORK
EXCHANGE
the Week
*107%
6%
107
307
7%
*7%
7%
16
150
6%
7
109%
*107
109%
*147
150
*6%
7%
*6%
*107
*104%
*
16%
16%
16%
April 14
$.per share
$ per share
share
106
*104%
106
16%
1150
*147
$ per
share
Friday
April 13
April 12
NEW
Sales for
Thursday
Wednesday
Tuesday
April 11
Range for Previous
STOCKS
SALE PRICES
LOW AND HIGH
Monday
Saturday
Monday, April 17, 1944
FINANCIAL CHRONICLE
31% Mar
.
16% Mar 17
113
Jan
19
8%
102
Jan
Jan
25
16% May
113
Apr
Apr
July
Feb
17
.5% Mar 22
1%
Jan
6% July
54% Jan
28
63% Mar 22
343/4
Jan
58% July
3
Feb
11
Mar
6
18%
Jan
24%
Sep
6% Jan
25
2%
Jan
103/8
Apr
4
9% Mar
31% Mar
7
27% Jan
2
23 %
Jan
32%
Sep
31% Jan
4
353/8 Mar 17
247/a
Feb
323/4
Nov
Jan
16% May
22
24
•
;
i
•
'
L
*12
12%
12%
70
70 %
*28
28%
28
12
12
11%
12
70
70
*68%
70
*27
22
27%
21%
22
22
*21%
22%
41
40%
40%
*39%
41
9%
9%
9%
21%
40%
40%
40%
40%
*40%
9%
9%
934
9%
9% i
9%
23
*22%
150
r 190
273/4
27%
21%
12
70
27%
28
21%
11%
*693/4
70
28
21%
22%
12%
68%
28%
*20%
22%
*12
93/4
*393/2
9%
27%
900
t
,
9%
9,300
11
Feb
11
13
Jan
.100
62
Jan
14
73
Mar 30
Lee
700
41
.100
preferred—
Lambert Co (The)
Lane Bryant—,
5%
700
22
,
No
par
173/4 Jan
19
—5
383/2 Jan
22%
23%
223/4
223/4
*22%
22%
22'/2
22%
*11534
116%
*115%
116%
*1153/4
116%
*1153/4
116%
*115%
1163/2
10
6%
6%
6 %
6%
6%
63/a
6%
6%
6%
63/e
6%
3,600
3
—
Lehigh Valley RR-
1%
13'4
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
6,900
Lehigh Valley Coal.
24 %
24 %
24%
25%
24%
243/4
23%
24
23
23%
233/4" 233/2
11,100
31
31
30%
31%
31
31
30%
31
30%
30 34
30%
19%
18%
116
*18%
30%
18%
18%
18%
40 %
40%
40%
40
40
44%
45
45
45
44%
44 %
44%
44%
44%
44%
44%
45%
7%
8
7%
7%
7%
7%
73/4
7%
73/4
7%
*40%
'
42%
For
42 %
footnotes
7%
*42
see
7%
43
page
42
1571.
42
*18%
40
*41
:
800
3,600
6%
15% Feb
Corp
—1
29% Jan
—5
18% Jan
5
par
36 »/4 Feb
14
par
42
Jan
3
6% Jan
3
"Jan
8
preferred
(The)
No
—
19%
*1834
19
400
Lehn & Fink Prod Corp
*39%
40%
400
Lerner
42
*41
42
200,
Stores
Corp.,——-No
I Libbey Owens Ford Glass—No
Libby McNeill & Libby
Life Savers Corp
—
—7
5
39
-
Apr
413% Jan
♦
•
10
9%
35
Jan
73
6
17%
Jan
293/4
Jun
12
113/4
Jan
19%
Jun
10
26%
Jan
39%
8%
Dec
9
Dec
Jan
29
July
120
July
Mar 13
24% Jan
31
20
2
107%
Jan
73/2 Mar 21
2%
Jan
117
3
39V4
*41
22
7
29
19%
42
Jan
113
13/4 Jan
39%
3,800
223/s Jan
6
43/4 Jan
19%
44,500
3
par
-50
.
40
,
Jan
>8
—50
conv
Lehman
29% Jan
273/4 Mar 29
No
Rubber & Tire
par
Lehigh Coal & Navigation Co—No par
-25
/Lehigh Portland Cement
.100
...
4% conv preferred
*63i
116
17
Laclede Gas Lt Co St Louis
'
12%
71
*70
'
Mar
1% Apr
4
253/4 Apr
10
4
32% Mar 20
191/2 Feb
41
25
21/2
11%
Jan
20%
24
Jan
32
143/g
Jan
22%
Apr
431/2 Mar
Jun
Jun
July
Jun
23%
Jan
38%
31
Jan
43'/2
Dec
8
5
Jan
8%
Jun
1
30
Jan
Mar 18
461/2 Mar 13
8
Oct
83/4 May
11 Jan
10
Oct
41
Dec
July
.
V-olum^
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
LOW
Monday
Saturday
$ per share
72
$ per
72%
76
75
179
179
180
*26V4
27%
*39
39%
38
*71%
75
75
180
263/4
39%
39%
39
383A
19%
*263%-
27%
38 3,4
*38%
39
37%'
*37%
37%
"400
19%
19%
700
39%
v
19%
39%
39%
38%
38%
373/4
19
■
2734
38%
38%
*37'/a
200
-
J25
19%
Lima Locomotive Wks
Link
22%
19%
*19ye
22%
22%
Jan
44
Jan
Jun
43
Jan
No par
403/4 Feb
24
No par
8'/2 Jan
3
12
Jan
3
171/2 Feb
14
16V,b
16%
16%
60%
60%
6oy2
43%
43%
43%
43%
43 %
43 s/8
43%
435/8
43 V'4
43%
43
43%
4,800
Lone Star
10%
10%
10%
10%
10%
10%
10%
10%
10
ioy4
10
10%
4,400
Long Bell Lumber A
30
30
30
30 3/s
30 7/8
30%
31
31
31 y4
313/4
31%
2,100
Loose-Wiles
4,400
Lorillard
18%
161
22%
July
73'%
182'% Aug
283/4 May
Jan
58
16
60%
18%
Dec
123/s
No par
225/a
163/a
61 s/8
*160
Nov
71
24
Lockheed Aircraft Corp
Loew's Inc
600
22%'
22%
16%
18%
62%
171
Highest
$ per share
343/4
3,700
'
61
161
Dec
21
431/8 Mar 16
16 %
18%
62
21% Mar 18
40
181/2 Feb
61%
160
15
383/4 Jan
16%
18
Feb
37
61%
160
28
No par
16 %
18
26% Feb
No par
No par
613/4
-159
76% Mar 18
180% Apr 13
No par
Belt Co
Lion Oil
16%
*29%
673/2 Jan
1743/2 Jan
Refining Co
Liquid Carbonic Corp.,
1,200
■
61%
22%
731/2 Mar 22
3
May
'
19%
19 Ys
16%
223/s
$ per share
No par
Lily Tulip Cup Corp
61%
22 3/8
681/4 Jan
$ per share
25
16%
22%
Lowest
.—.-100
61%
*22
$ per share
Par
Preferred
400
Year 1943
Range since January 1
Highest
Lowest
,
Series B
1,000
,
Range for Previous
■
Liggett & Myers Tobacco
2,300
75
180
»
■
:
*26%
273/4
*26%
27
;
71%
"75
1783/4
180 V4
180
EXCHANGE
Shares
-
>
STOCK
NEW YORK
the Week
share
*71
74% *
74%
180
27
$ per
71%'
*713/4
75
182
April 14
$ per share
71%
71%
72
75
*180
Friday
April 13
$ per share
for
Sales
Thursday
•
75
*373/4
19
April 12
$ per share
share
STOCKS
PRICES
Wednesday
180
„
*26%
38
*19
SALE
April 11
72%
*71%
*75
HIGH
AND
Tuesday
April 10
April *
1567
22 %
is y8
*160
,
161
158
■
17%
18%
18
18 y8
161
/•
3,600
.
-
18%
y
21%
,V 88%
21%
21%
21
21%
21%
21%
21
21%:
*21 Vb
21 %
1,500
21%
87
87
87%
87%
873/4
88
89
89%
*87
89%
88
26%
26%
26%
26
26%
*2534
263/2
*26/'
Co——
(P)
7%
7
28
-10
151'
Jan
64i% July
16
37%
Jan
513%
Mar 21
63/8
Nov
ll'A May
31% Mar 16
18 3/a
Jan
31
Oct
21'%
jun
161/4
Oct
1481/2
Jan
12
10
22 3/2 Mar
7
153/4
Jan
3
903/2 Mar 17
59 %
Jan
18% Mar 17
5
20% Jan
.100
693% Jan
100
—
Nov
62
47% Feb
Jan
Louisville & Nashville
80
Jan
123%
421/4
18 % Feb
1
No par
preferred
Louisville Gas & El A
♦
15%
24
24% Mar 16
28
Mar
July
213% July
21% Jun
Mar 17
13
15% Jan
-25
1,100
161
161
Biscuit
Jan
193/4 Jan
1
Cement Corp-^
Jan
„
161
Apr
25% Mar
Jan
163'% July
22% July
79
July
29
May
M
26%
*25%
*26
*136
*136
*136
37%
38%
38%
38%
31%
31%
31%
15%
15%
15%
373/8
2,400
Mack Trucks Inc—
31%
31%
31 y4
3134
31'/a
31%
1,800
Macy (R H)
15%
163/8
380
7%
15%
15% •:15 3/4
*153/2
2,000
Madison Square Garden
2,700
Magma Copper.
Mahoning Coal RR Co_
..50
4,200
Manati
Sugar
.—1
Bros
16 y8
*3433/4
7%
*12%
12%
*12%
12 %
12 %
12%
*12 y8
12%
*123/8
*
193/4
*19%
19%
19%
19%
*193%
1934
2%
2%
23/4
2%
*2%
2 34
23/4
3
>■
.
5%
*17
193/a
6,000
4% Jan
3
6%
:
9% 3
6%
6%
65/s
6%
63/4
423/4
433/4
43 3%
46
46
473/4
26%
26%
26'4
26%
26
26
63/8
6%
*1703/2
55
*5434
5%
5%
17%
*17
111
28%
28%
*';•
16%
*16
173/4
112 3/2
••'
10%
10%
*16
16%
16
22%
*98i/a
2,700
900
28%
1,400
*783/4
85
*3134
32%
800
*413/4
31
28%
*28
*28'4
65/8
6%
6S/8
,6%
26%
26%
26
26%
2534
32%
32
31%
32%
32%
32%
121%
121%
121%
122%
*120%
47%
47%
50%
38%
39
39 y4
*106
107%
*107
112
*108
106%
107%
*108%
112
'
21%
3%
3%
3%
14
13%
14
13%
14%
135/8
14%
13%
32 3/8
32
32
32
32
31%
32
79
78 »/2
78
78 %
78%
78 34
*113%
115%
*ii3y8
•114%
114%
*1143/4
109%
*109%
110%
44%
44%
44%
45%
*37% ■'39%
*37%
39%
24
,r
;24%
17%
17%
19%
193/8
115%
1153/4"
110%
110%
1095/8
455/8
6
7"' 5%'
:.•?
*112
114
9%
9%
9%
28
28
5%"
*22
76
74%'
221/2
*22
9%
,•■ -
1.100
Mueller
.
1
106 3/a
Jan
128
July
553/4 Feb
18
Apr
Sep
Jun
Feb
110
Nov
113%
Feb
19
8 3/a Mar 22
3
Jan
8%
Jun
13
IO51/2 Mar 22
5
3
8 Vb Jan
3
29
Jan
3
Apr
6
33/4 Mar 22
153^ Mar 21
32% Mar 13-
64 3%
Jan
98
13%
Jan
25
%
Jan
3%
Jan
173%
Jan
753%
Dec
July
July
3% Mar
11% Apr
30% Nov
81
Jan
18
29
117
Jan
24
113
Dec
119
Mar
27
117'/2 Jan
14
1161/2
Dec
121
Apr
1103/4 Mar 12
1063%
Nov
1141% Aug
50
July
391/4 Oct
-.76% Feb 21
.
Jan
115
22
35% Jan
213/4 Jan
11
4
47% Mar 15
393/2 Apr
,26% Feb
-5
1
92'%
333/4
Jan
313%
jan
13
Jan
Jun
273%
Jun
93%
Jan
17
7
20% Mar 22
113%
Jan
18%
4
29
18
21%
Jan
31
Mar
7
Jun
151/2 Jan.
4% Jan.
.
,
3
4
183% Mar 16
Jan
61/b Mar 22
2%
Jan
Jun
Apr
72
Jan
3
12
53
Jan
77
Jun
17
23% Mar 27
15
Jan
23%
Jun
70 3/4 Feb
10
761/2 Mar 22
62
Apr
79%
111
July
35 /,
353/4
123/8
29
20-3/4 Jan
14,300
12%
Feb
124
-No par
123/8
•u
2,500
7
48
*46
31%
107
Nabco Liquidating Co
U
9%
93/8
;
Jan
.No par
.No par
200
:">U
48
*47'%
20%
2 '/4 Jan
IIIIHl
n
9.3/2
471/2
'
48
*46
12
26% Jan
100
9%
473%
50
V
321/2 Apr
173/4 Feb
Murphy Co (G.C)
——
.100
4%% preferred—
10
Murray Corp of America—
.No pur
Myers (F E) & Bro
74 V
11234
30%
93y2! Jan
50
121/6
•
9%
Jan
107
-No par
10
—
$7 preferred
100
*72%,
112 34
74%-
Jan
18%
163/4 Jan
Co
Munsingwear Inc—
200
5%
4
Mar 17
61/4 Jan
Corp
Brass
Mulling Mfg Co class B——,
70
22%
11234
11234
9%
85
Wheel
Motor
6
112
4
-No par
Motor Products Corp——
2.200
53/4
*83
n
93/4
•
27%
-
*5%
85
*723/4
113%
113%
112%
x9%
10
22
74%
76
*74%
112%
22%
27.'*
v-
•
Mar
Mar 31
5
i_,
4%
Mar 17
15
Essex
42
20
41
42% Feb
&
Sep
Jan
343/4 July
121/4 July
109
IO71/2 Jan
1,300
'.193/4
4
14
Mar 13
preferred series C— -No par
Morris
700
17%
,
19%
:
53/4
*83
*22
5,360
*17
27.%,:
53/8
84%
100
235/8
'f 193/2.;
27
5%
53/4
39%
'•/' 23 I/a
17%
,
19%
.
78%
Feb
Apr
112% Feb
$4
Feb
Jan
27
Apr
Montgomery Ward & Co.— -No par
-No par
Morrell (John) .& Co.—
9,800
393/2
233/4
17
"
83
22%
48
*46
48
*46
19%
84
114
*74%
76%
*74
17%
19%
28
"
*81%
22%
*22
22%
7. 28
'
/':■
53/4
5%
■A 17 %
•
45%
89
60
7% Mar 18
-No par
-No par
140
110-3/4
45
Jan
6
9
271/2 Jan
110% Apr
10
—
67 3%
Mar
July
32% Mar
180
100
—
Sep
1153/4 Aug
10 3% Apr
343%
105
20
$4.50 preferred
Preferred series B
Jun
Jan
100
Mohawk
130
V
—__
11%
Sep
46
Apr
37% Apr
-No par
Monsanto Chemical Co——
1,400
1,200
100
116
1103/4
393/2
23
243/s
24
193/a
*373/4
39%
*373/4
24%
17
46
453/8
39%
82
82
:
—
Corp
preferred series A
Carpet Mills
7 %
18,800
.
'
V*1'
455/8
19%
28
28
27%
82
78
*114%
'
.
32%
*1133/8, 1143/4
109-3/4
451/4
110
17
-
•"
*1133/8
1153/4
14%
32%
preferred
Jan
Jan
—No par
Mo-Kan-Texas RR
"2
113'/a
453%
*37%
193/8
*112
5,400
3%
3%
■/,
1143/4
113 y8
24 y4
17%
19%
*22
Mission
135/8
1153/4
1093/4
■:
24%
24%
"17%
"
$6.50
2,100
78
;
1153/4
•
27%
200
21
W-
115%
*114%
115%
108%
*773/4
79
78%
115%
3,700
6%
102
14%
32
*77%
6%
25%
63%
26
63/4 Jan
•
Minn Moline Power Impl—
21
3%
3 3/8
112
102
32%
82
■Vf-'y:,
6%
21%
21
21%
Minneapolis & St Louis Ry
Minn-Honeywell Regu new.
4 % conv pfd series B—.
43/4% preferred series C_.
210
Jan
23%
4
2,800
Jan
143%
9
Jan
27
1161/2 Jan
1,200
383/4
25
Mar
25
—100
-
25
Feb
31-
13
52%
Jan
313% Mar 25
271/a Jan
38
Oct
Sep
423/2 Mar 24
Products—-No par
*108
.
103
*101%
21%
*113%
6
103
21%
3%
3%
6%
7%
7
103
112.
•
■
Sep
Jan
Steel
V *1071/2
113%
Mar
Midland
52
3834
107%
*108
112
21%
22
3%
3%
71/8
103%
7%
*103 '
104%
*103
22
..
17%
Jan
25
1,900
37%
52
511/2
383/2
1073/2
387/a
107%
*108
112
*108
7%
6%
7%
104%
38%
107%
39%
107
Jan
37
•
-.5
1st preferred
113%
104
24
IO1/4 Jan
814 Jan
32
cum
Oct
Sep
22'% Aug
52
893% Mar 30
243/4 Feb
8%
36
110
Jan
16% May
50% Apr
81
Jan<
—10
280
13
Feb
Jan
34i/2 Mar
Jan
'Jan
Mid-Continent
:
■17% Mar 20
1121% Apr
73/4 May
12%
Jan
2,500
121
24% Mar 27
21%
100
Feb
•1,400
*i2oy8
120 3/2
1203%
53%
51%
52%
50%
38%
122
3
Jan
6
6%
•
11
21%
101
32
—5
Copper.:
—..
Petroleum..
Jan
Hi/4 Mar 22
2534
Miami
353/i Apr
110
100
9
300
323/a
31%
65/a
Sep
6y8 Mar 16
8
-No par
Machine Co
13
6%
26
32%
Mesta
Aug
60
28
50
1st preferred—
Min Trans Co
176
Jan
101/8 Feb
.1
(The)
conv
Jan
37
Jan
2534
6«/8
6%
5%
Nov
165
II31/2 Apr
70
Merch &
19"%
24
Mar 20
Jan
Jan
82
Mengel Co
180
100
27
July
273% Mar
83%
Feb
8
par
No
series A
223/4 Jan
H21/2 Feb
.No par
preferred
32
163/4 Mar 21
28 3/s
*28
28%
*28
—II100
;
Melville Shoe Corp
6,100
41%
31
4114
4134
*28
9%
93/4
9%
413/4
31
*28
28y2
28%
93%
95/8
9%
41%
41%
283/4
preferred
$5.50 pfd ser B w w—— .No par
1
—
~90
32%
Co__
Stores
COhv
6%
893/2
85
1 893/2
263/8
3%
22% Apr
98% Feb
par
10
Mead Corp
$6
*88
*781/4
X32%
*88i/2
6%
121
1,000
32%
89%
26%
13%
.No
preferred
McLellan
80
8%
80%
9%
9%
283/4
10%
113%
*8%
80%
28%
-■•
10%
*112%
8%
32%
4iy4
41%
29
10%
113%
8 3/2
*88
89%
32%
9%
9%
9%
10%
*1121/2
6%
*32
$4
Jan
29
Mar 20
1,500
23
43% July
22
29
47
493/2
Jun
313% May
Jan
Feb
99
73/o
14
193/4
14
—_
181/4
30% Mar 22
-No par
Mclntyre Porcupine Mines__ —5
18
McKesson & Robbins Inc
McGraw-Hill Pub Co
Sep
Apr
43% July
6 3/4 July
2
100
22%
26%
7%
23
16
•
48 34
6%
22
13
16
Mar
99
25%
*103
Jan
1093/e Feb
1
100
28
9
103/4
8%
5
1
8oy2.
*80
32%
323/4
28%
38%
193/4 Jan
—....
coftv preferred w w__
7
McGraw Elec Co———
323/8
*88
80%
*79
8%
8 3/4
89%
*88
40%
*47
1063/2 Mar
*
Jun
27
58
321/2 Mar 10
par
-No par
Mar
8%
28% Jan
175
6
24
243/4 Mar
320
473/4 Apr
4
800
113
103/8
113
113
113
,
9
*28%
31%
5%
300
22%
49
223/8
983/4
15
2
43/2 Mar
-No par
.No
13
Mar
52% Feb
..10
—.
Mar 25
201/4 Apr
170
:100
McCrory Stores Corp
1,700
26,
28%
99
*483/4
49
22%
17%
115
*28
49
10%
10%
113%
9
31
121
•
17%
*111%
28%
98 3/4
.7
"
■
112%
*28
16%
*16
20% Mar
6 a/4 Feb
4
373/4 Apr
par
—No par
preferred
McCall Corp
500
23
Alkali Wks
preferred———
$6 1st cum
20
*22 3/s
28%,
28%
50
50
700
23
17
71%
x34%
*1083/2
par
—1
Maytag Co_
$3 preferred-
1,500
x3434
35%";
*22-3/4
111
5%
Co;
May Department Stores
400
5%
110
-110
233/8
23 V8
112%
*111
*35
35%
110
*108%
233/a
23%
*17 %■
5%
35%
353/4
110
7%
55
5%
53/a
Mathieson
2,400
«
No
174
55
,
No
Corp—
Elec
Master
700
203/4
*1703/2
*54%
174
55
55/8
*108%
201/4
203/4
174
55%
v/ 353/4
20%
20 3%
*170
174
55
50
20%
20%
20%
*170
Co
Martin-Parry Corp—_
24,400
26%
i
—1
Masonite
5,000
423/a
263/8
63/8
(Glenn L)
13
'
39%
'
17 %
*113
42
28%
■
'
*41
Jan
193/2
16%
*28%
3%
19%
99
*32%
„
May
193/2
23
V
24
193/4
98%
V
Apr
July
Dec
19%
22 %
80%
*17
148/4
193/4
98%
32%
Jan
203/a Mar 27
19%
22%
90
Jan
9%
3
99
*78%
Jan
9
16% Jan
223/4
*88
Si/a
Mar 16
Martin
283/a
49 3/8
9
6 3/4 Apr 10
173/4 Mar 17
5
27
99
10%
3
63/8 Jan
112%
*16
113%
Jan
13% Jan
49%
9
li/2
12 i/a Jan
23
10%
3% Mar 17
-5
*48%
113%
19
21/2 Jan
Market St Ry
.100
prior pfd
Marshall Field & Co
-No par
*22%
*98%
19 3%
3,000
23%
28 3/8
16%
Jan
14
183/4 Feb 24
24,700
5%
*111
28%
28%
*16
14%
103/2 Feb
-'-,910
353/4
17%
17%
9
par
-25
634
110
23%
112%
12
153/4
5%
110
*111
Jan
14%
203/s
*343/4
23%
*22%
63%
143/8
55 V ."'755
110
Mar 24
153/4
174
34%
5%
34%
*108
Jan
14%
63/8
*170
55%
Nov
33/4
6%
'
*54%
Nov
315
8
X143/8
26%
20 3/8
20%
174
15
15
"15%
'
20%
*170
5
Feb
63/4
-7
Jan
Jan
14%
6 34
10
303/4 July
151/4 Dec
8 3/s Jan
153/4
15%-
Jan
17
6%
—
19%
25
370
14%
6%
Jun
32% Feb
21
Jan
71/8 Mar 28
15%
6%
39
*253/4
26%
'
Nov
371%
18
315
1
Maracaiho Oil Exploration
Marine Midland Corp-
'1,6.00
3
3
.
138i%
Jan
16% Mar 30
14%
63/8
38%
38
■
-No
Jan
July
28
15% Feb
..10
Manhattan Shirt
20!%
133
Jan
12
19%
195/,
6%
6 %
100
1
17
393/4 Mar 22
Jan
16
143%
37%
193/4
27% Feb
138
21
14%
153/4 '16
14%
*26
200
*191/2
1.
6
Feb
153/4
63/4
6%
15%
19%
12%
Mandel
14
.No par
Co
:
/343/s Jan 27
273% Jan
3
143/8
6%
6%
15%
14%
19%
3
734
No par
No per
Co Inc
*12%
12%
19%
*2%
16%
7%
7%
7y4
390
*34334
390
*343%
7%
-
16
163/8
163/4
16
16%
380
73/8
*19%
19 %
253/4 Apr.
135
.100
37%
15%
16 %
7%
7%
7%
-10
373/2
31%
*343%
380
*3433/4
390
7%
163/8
16%
16%
16%
*343%
Forbes.
&
preferred
37%
37%
15%
15%
6%
38
373/4
31%
31%
MacAndrews
700
*136
*136
*136
37%
•/
26%
„
1123/4 Apr 11
3
8% Jan
5
433/2 Jan
84% Apr
US3/, Feb
24
10y2 Mar 13
Mar
48
8
Sep
117
Aug
53%
Jan
113/4 July
343%
Jan
44
Feb
N
'
!i
%
%
12%
123/4
12%
*34%
343/4
343/4
*H
•
21%
14%
93/4
gy2
ll3/4
11%
11%
11'/a
11%
21%
21%
21%
11%
33%
33%
10
9%
J
183/4
*18
16%
16
16%
163/8
173/a
1634
27%
27%
27
27%
27
27.1
17
2.500 A
123/8
4,400
6,700
14%
1434:
2.800 '
15%
15%
155/s
-14%
12
113/4
113/4
*11%
11%
*113/4
11%
33%
33%
33%
33%
33%
x32s/8
32 34
33%
29%
9%
913/8.
21 %
28%
28%
*27%
283/4
10
28 %
10
10%
10 >/a
10%
92%
.s*'
•21%
93
21
174
173
*146%
*173%
149
146%
93
21%
174
146%
18
18
*28%
18 VB
18%
29%
28%
28%
93
20%
173'%
*146%
18%
*29
*28
15
•
*113/4
28%
T
147%
,147%
18%
29
19%
6%
6"%
63/s
6%
61%
61%
61%
613A
*61%
6%
62
6%
61%
10.
94%
.
203% *'
*146% 147
*18
W/U
*28 3/8
29
'61'4
62
9.900
1.500
62
1,600 "
''
133/4
13%
13%
13%
13%
13%
13%
133/a
13%
3,200
28
28
28
28
27%
28
2734
2734
27%
2734
1,100
84%
85
83.%
84
84
85
91
88 34
89
85
84%
84%
*88%
91
*89
7%
7%
86%
7%
7
'
10%
10
10
15%
15%
15s/8
*25%
26%
*25%
*98
102*
61
*58
%
*60%
.
26%
102
91
7y8
*89
7%
734
9'/2
9%
93/4
934
9%
93/8
153/a
15%
15'4
15%
*60%
61
25%
61
26
102
*60%
'
*96%
26%
102
15
*25'/2
*96%
603/4
60%
*58
109 34
61
5109'4
*10914
*25%
26
*98
89
7'4
9%
102
*88
7%
15%
25 y2
13%
,4
73/8
7% '
15%
*98
*109%
109 %
7
86
9%
10%
*98
86
*88%
90
15%
*
/
10,800
6%
28%
13 %
1093/4
109
15
261/4
:
40
1,300 1
1,500
300
100
109'4
70
29%
29%
29%
29%
293/4
30%
29%
30%
28 3/2
28 3/2
28%
28%
18%
18%
18%
18 3/8
18%
19
18%
18%
18'/a
18 34
181/4
181/4
8,300
footnotes
see
page
1571.
■'
16,400
3.400
For
''
710
102
61
3
16V2 Mar 21
13
Dec
19%
Jan
8
10% Mar 22
10% Jan
31
9% Jan
4
Co—■—
6%
conv
preferred—
Aviation
Corp
biscuit Co
9
1
—-10
—5
10
83%
Feb
83%
Jan
13% July
153/4
Jan
23
Jan
176
Jan
18
Apr
12
Feb
17
20
Feb
3
16 3/4
Nov
21%
8% Jan
3
173/a Apr
12
51/4
Jan
10%
Sep
293/4 Feb
3
15% Mar 16
18%
Jan
29%
Dec
103/4
Nov
Jan
131% Aug
143% May
Mar
,
27
Apr- 6
12% Jan 17
Register
National Container—.
11
8
9%
19'/2 Jan
3
213% Mar 28
14%
Jan
13'/4 Jan
29'
163/4 Mar 23
6%
Jan
113/4 Jan
5
12
Mar 15
13
Apr
9 3/4 Mar
Sep
Jun
21% July
15% Sep
12
Dec
3
35
Mar 13
*253/4
Jan
36
26
Jan
25
29
Mar 22
17i%
Jan
29%
Sep
9
Feb
5
Jan
11%
Jun
87% Jan
11
70%
Jan
90%
Nov
30% Feb
Jan ..7
19
164
Feb' 25
141
Jan
18
10% Mar 15
943/2 Apr
14
6
Dec
14
Jan
Apr
10
160
Jan
178 3/2 July
147'% Apr
13
137
Jan
150
Jun
143%
Jan
22
May
27
Nov
36
Jan
22% Mar 27
174
171/2 Apr
5
211/2 Mar
28l/2 Apr
5% Feb
5
313/4 Feb
7
7
57% Feb
x
5
62
8
25
Mar 13
Apr
12
2%
52
Jan
-20%
Dec
7%
Jun
Jan
64% July
5%
Jan
15% May
11% Feb
8
30 »/2 Mar 16
14'A
Jan
28%
Jun
79 % Feb
4
87
Mar 23
57
Jan
801/4
Jun
833/z Jan
6
92
Mar
-9
62
Jan
88
Jun
5% Jan
3
7 3/4 Apr
9 "
.
4
15 Vb Mar 16
25% Feb
—
No par
1
43/4% conv semi preferred—100
Newberry Co (J J)
No par
5% preferred series A
100
Newmont Mining Corp
10
Newport Industries
—1
162
xll'/t Feb
preferred A
:
-100
6% preferred B
—--100
Nat Mall & SV1 Cast Co
No par
National Oil Products Co.
4
National Power & Lt
:—No par
National Steel Corp
25
National Supply (The) Pa
—10
$2 conv preferred
—40
53/2%
prior preferred
100
6% prior preferred
;
.100
National Tea Co.
No par
Natomas Co
No par
Nelsner Bros Inc—
July
22
18
Nehi Corp
12 % July
173
100
10
No -par
.1
National Cylinder Gas Co—
-1:
Nat Dairy ProductsNo par
National Dept Stores
—No par
6% preferred
;
,
—10
Nat Distillers Products
No .par
Nat Enam & Stamning——No par
National Gypsum Co
1
$4.50 conv preferred
.-No par
Nat Cash
Apr
11% July
17
Mar 21
11% Feb
Jan
1
& Share Corp—No par
1% .preferred
12
53/4
3
20% Jan
165
1%
300
13%
•'
13% Jan
Acme
National Lead Co..——10
7,100
28%
r
'
60
18
6 34
-
80
29
6%
3,000
340
174
147.3/4
Apr
—1
National
.
100
■
61%
62
,
V
6%
6%
.
*172
"
6%
'
2.81/2
174
18
29 '/a
28 3/8
933/4
"20%
20
*172
33/
'9%
93% >: 94
21%
174
400 *
11%
32%
*
•93/4
,93%
■
'
13%
15%
*113/4
1,900
2034
15%
403%
28
National Can Corp
32,200
'
12%
13%
14%
Jun
Jan
Nat Bond
203/s
13%
,
151%
231/4
1
200
12%
21
14%
Jan
Mar 22
National
.,20%
125%
20%
»
!
17%
27
6%
37
5,500
300
27
-
13 »/2 Mar 13
5
National
<
183/4
1% Feb
3
Jan
'
121/4
12%
21%
--T
300
3/4 Nov
10
11% Feb
2,100
20%
14%
14
14'/a
123/4
*
"
:
172"
*18
17%
27%
,15%
;
172
174
*171
18%
14%
29 %
*28 %
21
123/8
18
18
21
20%
>
*146% 149
173
21%
13
213/8
174
173
*173/4
10 34
% Jan
A Mar 30
—No par
.5
Nashville "Chatt & St.' Louis
100
Nash-Kelvinator Corp.—
Nat Automotive Fibres Inc
2,200
9%
1134
1034
21.
21%
18%
9%
*11 '/2
11":
91/2
21%
.
•
•'
'
14%
91%:
90 %
'21%
♦172
*18%
172
*21
954
11%
10%
21
<
340
1,400
153/8
11%
,
;
16
,
y
>• 153/4
15%
27%
*
293/8
*28%
18%
12%
15%
*168y4
172
18%
-
35
-
15%
11%
11%
13
11%
'
93/8
*11%
21%
15%
: *3414
9%
9%
143/s
12%
21%
15%'
ll3/4
163/B
273/4
15%
15%
21%
18%
16
35%
153/4
11%
*168%
27%
35"
J
'
93/4
v
172
*18%
343/4
11%
21%
*168%
12%
I* 11%
11%
11%
12%
343/s
343/4
153/4
*15%
93/4
9%
11%
*11%
123/4
'
16%
16%
125/s
123/4
4
1-03/8 Jan
Mar
14
23%
Jan
14'
6
Jan
93%
43% Jan
3
171/8 Mar 16
Jan
4
27% Mar 22
963/2 Jan
12
100
Jan
4
61
16% Jan
12
22
Feb
21
273/4 Mar 31
3
19
Apr 11
303/s Jan
8
16% Jan
19
56
12
Apr
Apr
11
7% May
10%
Apr
Jan
193/4 july
16
Jan
251/2
Oct
74%
Jan
98%
Nov
37
Jan
573/4
106% Mar
114
Sep
Aug
26%
Jan
37%
Apr
10'%
Jan
19%
Oct
-
S
s
share
per
*14%
14'a
14 %
101V2
101 Va
38 74
14%
14%
102
38 V2
$ per
share
per
39
..
14%
14%
102~
14¥a
14%
102
•100%
-
14¥e
14%
102
-
-•100%
39%
38-
38
19 %
18%
19%
18%
18¥4
18%
25 ¥e
26
18¥4
26%
41,300
2,200
75
25%
14%
5,600
39%
*38
1834
19
18 3 4
19
26%
26%
26%
27
27
27%
26%
27%
74%
75%
75
76
75%
77
76%
77%
74%
75%
25%
25%
25%
25%
25%
25%
25%
25%
25%
13 «/4
13 V*
13%
13%
12%
12%
*12%
14%
*33
36%
*34%
36%
*34
36%
*147
148%
•147
63%
64%
65
%
%
17%
17%
18
18
17%
18
37
36%
37%
*36%
37
*36%
36%
*33
148%
*147
25%
*147
67%
17%
V;
*146%
17%
192%
193%
192
121%
121%
121%
121%
121%
121%
17%
17%
17%
17%
17%
17%
*52%' 54%
*52%
52%
52%
8%
8%
8%
•101
102
*101
102
53%
*52%
54%
52%
52%
*52%
53
8%
8%
-
15%
115%
19%
20%
114%
20%
19%
20
19%
19%
19
*40%
41%
40%
40%
41%
41%
*41
*113%
*5%
5%
5%
5%
*5%
113%
*43%
45
*43%
12%
13
12%
13
*43%
45
•:
*43%
52¥4
52
8%
8¥a
*101
102
•115
15%
15¥a
;
*115
116
19-
19¥0
19%
41%
42
*5%
5%
45
52%
15%
16%
115%
15%
113%
52¥4
102
15%
16%
114%
15%
15%
17¥e
41%
42
*5%
5%
5%
43%
5%
45
43 Va
*43%
400
121%
18
52%
/
200
900
3,900
52
8%
5¥4% preferred series
North American Aviation
Northern Central Ry Co
Northern Pacific Ry
Northern States Pow $5 pfd-No
Northwest Air Lines
__.No
10
102
19,500
15¥8
160
116
if
19%
42
5¥a
6,500
110
Northwestern Telegraph
300 7 Norwalk Tire & Rubber
10
Preferred —
2,400
Norwich Pharmacal Co
;
12%
12%
12%
12%
127/a
12%
13
19
19%
19%
19%
18%
19
18%
18 ¥4
49%-'" ;
49
49%-.-
49
12
Dec
94 ¥a
Nov
Mar 13
277a
Jan
4474 May
20¥4 Mar 22
10%
Jan
20
11
Jan
1027a Mar 10
19s/s Jan
283/s Mar 22
Jan
78 ¥a Mar 23
24% Jan
2874 Mar 14
2V/b Mar
102
May
May
26% July
317a
Jan
743/4 July
143/a
Jan
26
6 3%
Jan
13
32%
"■
"
May
113/i Jan
27
15
Mar 15
30% Jan
22
39
Mar 15
16¥4
Jan
150
Feb
10
63 72
Jan
132
Dec
68% Apr
3/4 Jan
10
28 7a
Jan
54
Dec
129
Jan
19
52
Jan
3
3/s Mar 11
'
10
1474Jan
3
4
3872 Mar 13
1837a Jan
3
1997a Feb
120
5
122
Jan
23
17
Feb
Dec
Dec
l¥e Mar
ft Jan
12% Nov
19¥a Mar 11
333A Jan
26¥a May
38
Jan
July
1627a
192% July
113
2
Jan
Jan
122
Nov
15 3% Jan
18% Mar 15
93/4
Jan
18¥4 July
Jan
26
5474 Feb
21
4972
Jan
5674
Jun
515% Jan
27
5374 Mar 22
487/a
Jan
56
Jun
87s Jan
_50
—1
10
52
4
Nov
1474
Apr
100
9% Feb
24
100
Jan
4
xl374 Jan
50
3
31
11572 Apr 12
24% Mar 16
112
par
par
8
1772 Mar 21
Jan
17 72 Jan
37% Feb
—50
No par
50
2.50
,
44
2
$ per share
40
Jan
62
100
Norfolk & Western Ry———-100
Adjust 4% non-cum pfd—_100
North American Co
10
6% preferred series
50
460
100
• 25,500
191%
12%
>■
2,000
•
15% Feb
3
Highest
$ per share
153/e Jan
No par
N Y City Omnibus Corp
.No par
New York Dock
No par
$5 non-cum preferred
No par
NY & Harlem RR Co
-W
N Y Lack & West Ry Co
100
IN Y Ontario & Western
100
N Y Shipbidg Corp part stk
1
Noblitt-Sparks Industries.—
—5
:
$ per share
367a Feb
No par
100
6% preferred series A—
'
-''/V" 1,300
%
17¥4
*120%
<
10
860
r
37
191%
18
t:
'
65
%
17¥4
121 %
52¥4
8%
8%
102
*101
114%
16
8%
8%
102
*101
°
17%
:
52
*52%
53%
•120%
147%
'
1374 Jan
97
No par
$5 conv preferred—
New Yorx Air Urake
New York Central
N Y Chic & 8t. Louis Co
1,100
500
200
.r-'
37
37
:
192%
122
17%
52%:
%
17¥a
37%
193
*52
*64 %
*37
192%
18%
147%
147%
37%
193%
*121%
*13
37
*36%
192% 192%
193
14%
%
%
74¥4*
65
65
18
26%
*25¥e
37
37
65%
*%
%
*12%
147%
*65
148
66%
68%
%
700
39%
18%
ft
...
Year 1943
Lowest
Highest
S per share
Par
Newport News Ship Si Dry Dock—1
1,800
700
14%
102
*38%
39%
*38
Lowest
EXCHANGE
Shares
9 per shart
$ per share
$ per share
share
102
102
102
April 13
April 12
April 11
Range since January 1
NEW YORK STOCK
Sales for
the Week
Friday
April 14
Thursday
Tuesday
April 10
April8
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
LOW
Monday
Saturday
Monday, April 17, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1568
102
15
.
1
Apr
13
-
91%
4074 Jan
12
4572 Feb
13
16
Jan
Dec
15%
Jan
23% July
Jan
41% Aug
x374
Jan
6
July
31
27
Jan
18% May
11672 July
36
28
127a Apr
Jan
107
Apr 14
53/4 Mar 13
3
101
7¥'8
42
474 Jan
Jan
Jan
45
Apr
Jan
1474
Oct
85/a
O
19¥a
197?
19%
50
:
193/a
50
50%
50 3/4
*49¥4
50%
497a
97/a
9%
97/a
9%
9%
9%
101%
101%
1013/4
*101%
101%
10
9%
101'/a
101
123%
1017a
12
*11 ¥4
19%
19%
19 ¥4
*19 7a
19%
.7
*113/4
•.
1,300
Oliver
97a
9%
3,200
Omnibus Corp
101%
9%
100
113/4
12
*100%
101 ¥b
113/4
11%
153
*150
*150
-
;
800
19
19
151
34
34
*33%
34%
68
*65
68
*65
68
—-
58
2,000
*33 7a
347a
*33%
34%
*33%
34%
*65
68
*65
68
*65
68
57
57
57%
57%
57
57
563/4
56%
563/4
57
12 74
1274
12%
123/4
13
13%
12%
12%
12%
12%
*12%
123/4
2.600
Pacific Amer Fisheries
*103/4
11%
11
11%
103/g
11
10%
103/4
1074
12%
2,010
Pacific
•
*65
;
57%
ff-r:
*10a/4
117a
*41 7a
43Va
7a
*42
43%
413/4
213/4
*21%
42%/,
41%
42
22%
21
21%
21
43
4y
44
21
22%
227a
213/4
15 7a
*123/4
15%
*123/4
15%
*123/4
15%
*123/4
15%
*123/4
317/a
31%
31%
313/4
31%
31 ¥4
313/4
313/4
31%
313%
317a
*217.
43
43
43
43
43
*42 Va
42 ¥a
43
42%
43
43
43%
3,700
700
,
Jan
Feb
14
10572 Jan
10
8% Jan
18
1872 Apr
28
Jan
154
Sep
Jan
4
377a Jan
11
2872
Jan
38
Apr
par
64
Jan
8
65
Jan
24
46
Jan
673/4
55% Feb
29
597a Jan
18
547a
Jan
64
12,50
Co
WSMfi
j
1774 Jan
3
233/4 Feb
25
147»
Jan
Mar
1672
Jan
Mar"28
23%
Jan
3172
Dec
33
Jan
457a July
No
Mills
337.
Jan
10
393% Jan
3
257z Jan
Pacific
*118
119
*118%
119
150
Pacific
118
Jan
5
156
1567a
155
155%
*155%
156
*155 7a
156
*155 7a
156
150
6%
149
Jan
11
*1553/4
156
4 Va
5
14%
14%
15
*14
*
4
31%
49
ft
9%
9%
1093/4
3%
3%
*47 7a
49%
3%
3%
9¥a
*9 7a
93/4
9¥a
1093/4
109%
1093/4
109 7a
1097a
3
3
49
49
3%
*48
*3
3%
3%
*48%
4974.
-
25%
26%
25%
25%
25 3/8
81
81%
79%
813/e
80%
17a
1%
*1%
l¥a
13/4
287a
273/4
27%
x27 Va
273/4
27%
273/8
28 ¥a
19%
19
*19
19¥a
6%
19
6%
6%
18%
19%
6%
19
53
53
51%
52%
*51%
53%
97%
98%
98%
98%
98%
98%
*14%
14%
14%
14%
14%
14%
14
14
*2%
2%
2%
17
*15%
29%
25
*24
24%
58%
*58%
60
6%
18 ¥4
*51%
53
*51%
*98
99
987s
29%
*24
24%
60
*24'
.
59 %
7%
7%
7 ¥4
8
7%
50%
49%
50%
49%
50
x483/4
14%
14%
14%
*14%
14%
14%
66%
*65%
67
*65%
68%
67%
67%
66
45
8
13
Nov
2% Jan
10
40
Co
No par
Penn-Central Airlines Corp
1
Penn Coal & Coke Corp
10
*24
24%
593%
593%
8
7%
48 %
49
14%
*13%
67%
66
i
Penn
295%
247a
<
700
59%
8%
4,300
487s
7,600
14
eoo
67%
500
'
44%
44%
253/4
*25%
8%
8%
8%
8%
3.600
*8 ¥4
8%
83/4
83A
1,200
8%
8%
8%
8 ¥4
8 ¥4
43%
43%
43%
43%
*42%
43
43
43
42%
43
21%
21%
21%
21%
21%
21%
21%
21%
21
21%
51
51%
50%
51
50%
50%
50 ¥4
50%
50%
50 3/4
96%
96%
96%
97
96%
96 3%
*95 ¥4
96%
95 ¥4
96
*42
900
44 74
300
26
500
42%
8,300
21%
21¥b
507b
51
770
*95%
96
200
'
20
20%
20%
20%
20
20%
20
20%
20
20%
20
20%
24%
24%
24%
24%
24%
24¥a
24%
24%
24 3/8
24%
243/4
■
4,300
24%
2,800
119%
*110
86%
29%
107%
108%
108%
104
88
107%
45
44%
*8%
9
*8%
24%
*102
135
24%
*120
5%
*5%
68%
7%
107%,
24%
44%
45
135
*5%
69%
7%
'
24%
*102
5%
*7%
*12%
*104
9
*24
*107%
*109
13%
105
*8%
9
29 ¥4
5%
69%
44%
9
24%
*102
5%
68%
119 ¥4
30
88
109%
110
13%
103
44%
9
24%
135
5%
69%
*114
29%
1193/4
*114
29%
287a
4,4%
2,000
V- 87%
873%
87%
87%
*107%
109%
*106%
1087a
120
1087a
160
*109
*12
105
44%
110
x
*104
44¥i
44%
*9
—93/4
*24
24 %
*102
5%
*66%
108 7a
*12
13%
105
135
9
.
*24
*102
5%
572
66 %
67 7a
40 '
*12%
200
247e
135
7%
7%
*7¥b
7:%
7¥'4
*74%
76%
*74%
76%
*74%
76 %•"
13
13
13
*12%
13
*12%
12 ¥4
12%
800
73/4
*169
175
*169
175
*169
175
*169
175
*169
175
*169
189
*183%
189
*184
189
*184
189
*184
189
*184
80
-
200
175
*183%
Pittsburgh Coal of Pa
6% preferred
Pitts Coke & Iron Corp
$5 conv preferred
Pittsburgh Forgings Co
1,200
:
7%
189
*5%
5%
5%
5%
*7%
8
8
8
*91%
98
*92%
5%
*7%
97
5%
*5%
5%
8
*7%
8
5%
*7 ¥4
Pitts Ft Wayne & Chic
7%
Pond Creek
2,000 '
77a
7¥4
73/4
200
P*92%
97
*92%
57%
56%
57%
56%
57
55%
56 ¥a
543/4
55 %
55
55%
880
61%
*59%
61%
*6Q%
61%
61%
61%
*60%
61%
61
61%
100
*15%
16
16
15%
15%
*15
15%
*15
153/4
500
16
*15%
*168
15%
*168
*12%
13%
101%
101%
*1^8—
13
13%
101%
101%
*75
76%
*74
76
*18%
18%
18
18
21
21
*9%
*20%
9%
9%
13%
101 %
*74
76
**7%
21
21
9%
0
*160
13%
101%'
18
21
%
9%
12%
12%
*12%
12%
*12%
12%
*12
12%
*12
12 ¥4
*37
38%
*37
38%
*37%
38 ¥4
54%
54%
54%
54%
*117%
54%
54%
118
14VS
92%
118
14%
93
118
14%
12%
*118
14%
93%
94%
104%
104%
104%
104%
108%
109
109
109
118%
119
14%
95
104%
12%
118%
14%
96
104%
13%
*101%
*73
*92%
97
101¥a
76
*12%
*101%
*74
*12%
13%
102
*101%
*74
76
17¥4
21%
9%
9%
*12
37%
54%
*118
14%
95
104%
12
12%
12
12%
*12
38 ¥4
*36%
543/4
55
54%
118%
*118
14%
14
96
105
94 5%
Xl04
'
>
210
102
76
177s /
21%
93/8
12
12
1274
*12
123/4
38
*37
38
.
553/a
118%
118
14%
14
OS
1043/4
95
103 5/s
55¥8
.
Pressed Steel Car Co Inc
5% conv 1st preferred—
5% conv 2d preferred—
,
200
,
160
14%
9,300
96
1,930
1,370
,
109
109
109
109
109
110
1097a
320
118%
119%
119%
119%
119
119%
118 ¥4
119%
*119
119%
360
*116%
117%
*116%
117%
116 ¥8
117%
*116%
117
*11674
117
41%
41%
41%
41%
41%
41%
40%
41 ¥a
40 3%
Fn«*
footnote
pee
nsee
40 5/8
40
407s
7,600
1571.
:
2,400
,
117%
405/8
No par
Poor & Co class B__
2,100
,
118%
104 ¥4
No par
Pocahontas
1,100
r
*116%
1097a
,
1
1,300
9%
21%
9¥a
*
—:
13
21%
18
21%
9%
12%
___
177s
18
*20%
18
97
*168 -
*168
13%
Ry
preferred.-
90ft.
5%
I
.
.
,
1
—-5
50
Procter & Gamble
No par
-5% pfd 1 ser of Feb 1 '29)
100
Pub Serv Corp of N J
.
$5 preferred
6%
7%
8%
preferred
preferred—
preferred
No par
No par
100
100
——.—100
Pub Ser El & Gas pfd $5
No par
Pullman Inc
No par
24
l3/4
9¥a
Jan
337a
Sep
2074 July
Jan
Oct
33/4 Mar
Jun
45
Jan
Jan
15
26
1374
10
10874
Jun
Mar 21
2372
Jan
327a
243/4 Mar 22
177a
Feb
247%
15
9
463%
Jan
617a July
Feb
Jan
Mar
63
173/4 Mar
Jan
113
Dec
Apr
Sep
Jan
4
6
14
l3/4
48 ¥« Apr
14
53% Mar 16
287a
Jan
10% Jan
3
153/4 Mar 21
57a
Jan
167a May
54% Jan
4
69
Mar 24
347a
Feb
5872 May
333/4 J an
-
5
467s Mar 24
19
Jan
41 % May
6
26 7a Jan
8
23
Feb
2672 May
974 Jan
12
674
Jan
10 7a July
974 Mar 13
578
Jan
233% Mar
75/s Feb
3
Feb
9
20% Feb
8¥a Apr
29
73/4 Jan
14
42
497a Jan
7¥a
Sep
59% July
8
74
Jun
17
2272 Mar 16
523/4 Mar 17
29 ¥b Mar
Nov
20
37
X51¥a
Jan
Sep
49% Jan
3
887a Jan
xl9¥a Mar
977a Mar 17
6872
Jan
91%
Sep
2
,217a Jan
.3
18 3/4
Aug
22
Dec
Jan
3
257a Feb
16
247a
Oct
257a
Sep
Jan
28
13%
Jan
26%
Jun
71
Feb
24
118
5
118
247a Jan
3
31
Feb
25
88
82
106
108
-
-
Mar 28
Apr
11
11% Feb
19
43¥4 Feb
.
9
Jan
-
28
Mar 15
Apr
10
5
1047a
Nov
11474 Jan
17
1097a
Jan
1173/4
137a Apr
11
10972 Jan,
105
Feb
11
797a
Jan
100
427/a
Nov
50
Jan
11% Jap
7
257a Feb
3
47
7
Apr
73/4
5
23
Jan
27
7
Feb
21
13
75
Feb
21
Jan
102
5
Jan
774 Jan
25
117a Jan
1647z Jan
183
Apr
3
1174 Jan
6
Dec
9
Mar
Jan
Jan
777a
Feb
153/a May
Jun
9%
4
1687a
Nov
1687a
Nov
170
Jan
182
Aug
Mar
8
67%
Jun
4
Jan
10
4%
Jan
1074 May
Jan
10
597/a
Jan
90
613/a Jan
10
24
Jan
5274 May
Jan
10
56
Dec
5 ¥4 Mar 24
99
4
21
May
683%
9% Jan
3
587s Feb
7 3'8
Jan
5
18374 Feb
3
4874 Jan
.
Feb
34%
59
171
11
82 % Jan
Jan
3%
:
143/B Mar 13
25
73% Feb
Dec
Mar 28
76
4
43% Jan
102
Apr
May
8% Mar 24
4
68 34 Feb
July
26
Jan
187a
Jun
July
-
10 7%
372 Jan
Jun
July
14
Apr
23% Feb
61
9074
113
14
Jan
x98
No par
No par
1
100
_100
500
5%
57
*92%
:
374
May
100%
5V4 Jan
Pitts Screw & Bolt———.No par
Pittsburgh Steel Co
—No par
; 7%
preferred class B__
100
5% preferred class A—
100
5%% 1st ser conv pr pfd
100
Pittsburgh & West Va
100
Pitts Young & Ash Ry 7% pfd—100
Pittston Co. (The)—
1
Class A preferred—
100
Class B preferred
100
Plymouth Oil Co
.—5
5%
*60
97
55
14
672 May
18 7t Jan
41
9
30
100
—100
100
Pitts C C & St Louis Ry Co„
500
74%
Hosiery—:
Plllsbury Flour Mills-
;
—
5%
74
12%
Phoenix
200
9
No par
5
—25
Phillips Petroleum—1
5,600 '
443/a
1574 Apr
23/4 Jan
3
21% Jan
No par
100
Phillips Jones Corp
7% preferred
200
13% ;
106
67
,
Jan
112
257a Jan
lOO
preferred
7
Mar 17
16
Phllco Corp
3
Philip Morris & Co Ltd
,
10
Preferred 4%% series
100
Preferred 4%% series———100
5,600
293/8
73/e Mar
1107» Mar 17
—No par
No par
Phila Electric Co. com
$1 preference com
1193/4
74
74
13
*12%
44%
*114
87 ¥4
108
13
104
69
69
7%
74
107%
104
30%
88
108
135
*5%
68%
7%
74
88
13
*
44%
*24%
119 3%
29%
107%
*12
*102
*114
110
♦108
12%
*12
*102
29%
86%
86%
107%
119%
*110
29%
29%
377a Feb
No par
preferred
100
Pennsylvania RR
50
Peoples Drug Stores Inc
5
Peoples G L & Coke (Chic)
100
Peoria & Eastern Ry Co
100
Pepsi-Cola Co
1
Pere Marquette Ry Co
100
5% prior preferred
x
100
5% preferred
100
Pet Milk Co
No par
Petroleum Corp of America
5
Pfeiffer Brewing Co
—No par
Pfizer (Chas) & Co Inc
1
Phelps-Dodge
Corp
25
Philadelphia Co 6% preferred——50
$6 preferred————No par
15,400
44%
8%
Glass Sand Corp
5%
25 ¥4
8
No par
.No par
Penn-Dixie Cement
$7 conv pref ser A
900
17
Ford
(J C)
Penney
*110%
45
8%
8%
1674 Mar 13
3
26
8%
8%
12
9% Jan
44 ¥4
*25%
8%
8%
133/4 Jan
26
44%
26%
*8
Jan
45%
44%
*25%
8%
80
26
44
.26
.
997a Mar 16
Penick &
1,400
40%
*13%
8
6072 Mar
40%
50 y«
7%
No par
Dec
1,100
*59 ¥4
197a May
517a
27a
*24
Jan
16
24
2 3/8
24%
Mar 28
Dec
Apr
May
58
2%
60
60
20
7
23/4
32
10
*2%
29%
Jan
51% Apr
93 ¥4 Feb
2¥a
29%
Jan
277a
29
*2¥a
29%
Jan
178
3
Jan
2%
40
7234
17%
28
Jan
Nov
1,800
♦153/4
July
1%
8,400
,
July
30
16 %
15%
29 ¥4
18% Feb
Dec
106
Jan
17b Jan
867/a Mar 28
14
45%
Jan
Jan
.157a
100
31
17a Mar 27
2.50
3574
8
25
3
14
29%
233/s Jan,27
57¥4 Jan 18
Apr
Jan
277a Mar 16
15
14 ¥8
29%
1
106
July
20¥a Feb
133/4
14Va
*25%
6
10
4
3
14%
17
49¥4 Mar
Jan
Jan
Oct
11374 July
21
14%
*15¥4
Jan
4 ¥8 Jan
14%
*110%
Jan
2
18 ¥s Jan
13 %
17
1057a
10
14¥a
40
17
Jan
3% Mar 25
Apr
Parmelee Transportation——No par
14¥a
40
1172
Patino Mines & Enterprises
300
99%
*15 ¥4
Jan
8
1,100
53
53
*110%
3
27 3/s
5
43 74 July
112
8
25% Jan
No par
177a July
Jan
Jan
1074 Mar 17
1
Mines—1
Co
Jan
3,200
6%
18¥4 :*
99
50
£0
18 3/4
14%
17
&
Oct
9
67a May
Jan
2%
18
45
Parker Rust Proof Co
200
19 ¥8
Davis
Sep
160
237a
77a
333/8 Mar
103
Inc
Inc
1197a
Dec
37a
43/s Mar 17
13
100
Consolidated
Jan
Jan
147
Mar 23
15
27
10974 Jan
'
99
*51%
14 %
7%
*6%
6%
19
14%
*110%
29%
*19
19%
*19
V
Parke
Pictures
Tllford
21
Apr
No par
Inc..
preferred
Utah
14%
40
*15%
17
*110%
291/2
2%
40
40
40
40
6%
19%
&
Park
14%
14%
.14
2%
6%
19
28
.
Park
7,200
l3/4
-■
Paramount
10,000
1,600
8274
13/4
18%
*43%
Cos
conv
11,900
25 ¥a
82 ¥4
6%
66%
4%
53/4 Feb
28 % May
19
26
3
Apr
July
25% May
917a
12
Feb
157
83/4 Feb
American Airways Corp
Paraffine
300
*105
*105
*105
'
263/8
18%
*7%
49%
220
1,900
13/4
6%
58%
1,000
9%
3 s/8 Jan
30
5
Pan-Amer Petrol Si Transp
5
Panhandle East P L 5.60% pfd-100
Panhandle Prod. & Ref
—1
Pan
6,200
1217a Jan
12% Feb 29
No par
Car
Packard Motor
19,700
80 %
18%
*24%
4
9%
49%
100
143/4
30%
*109%
93/4
110
4,500
307a
30 3/8
26
*19
19%
29%
4
4
4
30
27 Va
287a
*15%
*14
143/4
*14
4%
4¥4
13/4
26
83
13/4
*39
15
303/4
4¥4
4%
853/4
253/4
85
*110%
43/4
1 Va
25%
,
4
30%
5
43/8 Jan
'
843/8
19%
*14
15
31
49%
♦105
25 Va
287a
4%
5
4%
1093A
*105
*105
lS/8
4
303/4
1093/4
33/8
*3%
*14%
9%
1093/4
*47 7a
31%
30 ¥e
10
97/a
1093/4
4%
4
4%
31
4%
par
Telep & Teleg
100
preferred,:
.—~—100
Pacific Tin Consol'd Corp.
1
Pacific Western Oil Corp
10
437a Apr
5
3274 Mar 17
10
1,600
119
,.
-
10
•30
*118
-
55
4
303/4
5
1374
Jan
4872 Jan
118%
*4%
1372 July
Jan
12% Mar 27
9
30¥4
30%
1374 Mar 23
Jan
67a
3
118%
*30
7¥4
237a
3
87a Jan
118 74
/
Oct
July
107a Jan
30%
30%
142
Mar 30
4174 Feb
Inc
Co
118%
30
153
0
10
Coast
303%
i
Jun
Jan
11874
30 ¥4
21%
Jan
Jun
34
303/4
30%
Dec
10%
Jan
15%
Dec
105
Jan
372
203/8 Mar 17
13
503/4 July
"10%
148
118 74
31
69
133% Mar 22
21% July
Jan
preferred non-cum
No par
preferred non-cum___No par
Pacific Finance Corp (Cal)
10
Pacific Gas & Electric
25
Pacific Lighting Corp
No par
15%
31% /
37/a
2nd
750
*123/4
P
Jan
5
1st
170
23
*40%
No
Glass
Owens-Illinois
297a
107a Feb
5
Co—
Outlet
IIV2
,523/e.Ma| 16
3
100
Outboard Marine & Mfg
200
34'/a '-f.
207a Mar 22
8
100
-No par
preferred-
6%
-
*33
8
Feb
974 Jan
No par
Otis Elevator—
3,300
19
*150
17 3% Feb
i
—6
100
(The)
8% conv preferred A—
Oppenheim Collins
250
:
12
151
18%
19%
19
19%
153
*150
152
*149
152
149
12
12
12
Farm
493/8
9%
•
45
No par
Equipment—.Jo par
Ohio Oil Co
10,400
*
64
-
75
July
Mar
16% Mar
77a
Jan
1507a
173/a Mar 21
Jan
13/4
Jan
10¥4
Jan
92
Dec
Jan
7474
Dec
168
Nov
""
8 72 Jan
83
Jan
25
10
147a Mar 22
1017a Apr
3
29
20
Dec
Feb
29
79
Feb
15
1772 Feb
3
19
Jan
5
1474
Jan,
21 ¥4 July
1974 Jan
15
22
Mar
4
18
Jan
23 Va
Apr
12
117a Mar 16
4
Jan /,
13
Jun
Jan
13¥a May
13
73
.
9
Jan
-
11¥8 Jan
12
13% Mar 16
63/8
12
Jan
11
137a Mar 16
6¥s
Jan
3572 Jan
10
43
Mar 16
24¥4
Mar 28
58
Jan
15
487a
Jan
116'
Mar 25
120
Jan
12
1143/4
Apr
15
Feb
25
ll¥a
Jan
1374 Jan
3
Jun
40TV Jun
Jan
54
58
;
123
Sep
Feb
17%
,
Apr
9674
Oct
'
11
757a
Jan
8772 Jan
3
96
Feb
96
3
105
Apr
4
857/e
Jan
107% July
10474 Jan
4
110
Apr
13
96%
Jan
11474 July
11372 Jan
3
119% Apr
II93/4 Feb
10
108 7s
Nov
1297% July
15
113% Nov
Jan
11672 Mar 17
3772 Jan
3
45
Mar 16
263/4
Jan
122
Aug
407a July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
LOW
Monday
Saturday
April 8"
S
$
per share
17
17 Ve
*110%
17%
*110%
HIGH
16%
113
PRICES
SALE
STOCKS
$ per share
16%
17
Friday
April 13
April 13
share
April 14
S per
16%
17
share
16%
16%
*110%
112%
♦110%
112%
*110%
104%
104%
104%
*104%
104%
104%
"22 %
22%
22%
22%
22%
22%
22%
22%
*13%
14
14
13%
13%
13%
13%
V 13:1/4
13%
*13%
9%
9%
9'A
9%
9'A
9%
9%
*13%
"■/'
*110%
113
104 Va
104%
22
22%
22
for
NEW
the Week
YORK
Range for Previous
STOCK
Range since January 1
EXCHANGE
Lowest
Shares
$ per share
104 %
104 ',
Sales
Thursday
Wednesday
a
104%
113
$ per
per share
16%
AND
Tuesday
V ■ April 11
April 10
1569
16%
par
Pure Oil (The)
16,300
6%
104%
700
22
14
300
t per share
15% Feb
3
100
109% Jan
12
113% Feb
100
103
Jan
15
107
par
19% Jan
.10
12% Jan
No par
No par
69% Jan
5
8% Feb
15
conv
preferred
Purity Bakeries Corp
1,200
$ per share
No par
preferred
5%
113
Quaker State Oil
,__No
Ref
Corp.
Year 1043
Lowest
Highest
18
Highest
per share
11
Mar 22
$ per share
Jan
197A July
18
104%
Feb
Feb
9
92 Va
Jan
114'A July
107'A July
14
22% Apr
1
13%
Jan
21
14% Feb
11
10%
Jan
15
13
10% Jan
12
47/$
Jan
12% May
71'A Oct
22%
Nov
July
R
9%
9%
9%
9%
72%
'j 8%
*71%
72%
*71'A
8%
*71
8%
8%
8%
92
91%
91%
28%
28%
28%
28%
14%
14'A
14%
14%
14%
30
30
30
30
91%
*29
72%
71%
71 Va
8%
8%
8%
8%
92
91%
91%
91%
91%
91 Va
91%
29'/a
29'A
28%
28%
28 Va
14%
14%
14%
14%
14%
14%
14% "t
30
30
30
3a
297/a
30
18%
18%;
18%
18%
18%
18%
36%
36%
36%
36%
36%
30
30
30'A
30'A
8
8
*7%
8%
*116
125
30
400
28 7/a
36%
*29
*
72%
8%
72
72
•/'
:
8%
7,000
8%'
Radio-Keith-Orp' :um
320
6% conv preferred
Raybestos Manhattan
Rayonier Inc
t
900
2,200
■
30
$2
1,700
Xl8%
18%
13
1$%
18%
18%
36'A
36%
36%
36%
36%
36%
30 Va
V
Radio Corp of Amer
$3.50 conv 1st preferred
24000
\
29%
92
*29%
72
9%
30 Va
*29%
30%
*29%
30'A
8%
*7%
8'A
*7Va
:
__1
100
No par
1
preferred
25
Jan
10'/8
Jun
85% Jan
27
54%
Jan
101%
Dec
28% Jan
3
31% Mar 22
21
Jan
29%
Jun
12% Feb
3
15% Mar 13
11%
Jan
15%
Jun
Feb
17
2
30% Mar 14
26%
Jan
50
15% Jan
3
20'% Mar 21
14%
Jan
32
Aug
22% May
32% Jan
13
36% Mar 13
26%
Jan
35
2nd preferred
50
27% Jan
7
30% Mar 21
30
5
5% Jan
-
28.
107% Jan
1st preferred——50
4%
300
Jan
3'/a
9% Mar 16
non-cum
4%
700
59
Mar 10
74;
non-cum
Reading Company
1,600
9% Apf
Nov
22%
Jan
Feb
7
3 Va
Jan
127% Feb
14
66%
Jan
80
20
Jan
86% July
6
Jun
'
'
8%
*8
.
125
*116
*61%
*116
60
62%
61%
*8
125
*116
125
60 Va
60'/a
60%
15
*116
61
*59
*116
125
61%
,
14%
14%
14%
15%
*14%
15%
*14%
15 %
*14%
19%
*18'A
19%
*18%
19%
*18%
19%
*18'A
19%
*18'A
15'A
15%
15%
IS'A
15%
15%
15%
15%
500
Apr
3,000
87%
87
87
87
87
89%
88%
88%
88
88 Ve
*87/e
9
Preferred with warrants
700
9'/a
Rensselaer
1,010
:
Reo
700
-
16%
16%
16%
16%
16%
16%
16%
16%
i6%
16%
16%
16%
7,500
*101'/«
102'A
*101'A
102%
101%
101%
*101'A
102'A
*101'/a
102'A
*101'/a
102'A
10
93%
93%
8'/a
7%
7%
7%
94
*92%
94
*92%
93
8
8
93
93
93
*93
93
93
92'A
94
68%
68%
67'A
68'A
:•
69
11%
12
12
12
*11%
12
85%
86%
85%
85%
85 Va
86
*9'A
9%
*9%
9%
9%
29%
30 "a
30
*36%
37%
36%
7%
69
*92%
93
93
7%
7%
7%
7%
7%
93%
93
69
69
69
12
12
12
12
12
86
86
86
86
867/B
.
95
69
*69
69%
100
.—
—„1
No par
preferred
100
6% conv prior pfd ser A
100
Revere Copper & Brass
No par
1%
preferred
-——
_100
4,200
12
85%
*93%
25
RR
Inc—
Motors,
G%
180
93
Saratoga
Republic Steel Corp
400
94
&
conv
5'%%
420
X83% Mar
70% Jan
8% Jan
16% Apr
100% Feb
87
Jan
36%
*36%
9'A
9'/a
30%
30
30'A
9%
29%
30%
29%
37%
*36%
37%
*36'A
15
*14%
15
*14%
14%
14%
9%
9%
9%
9%
9%
9%
<13%
14%
*13%
14'A
*13%
*5%
i
14%
14%
5%
*5%
5%
*5%
•
30'/a
30
30
37%
.
*36%
5,200
>37%
89
7
*14%
147/a
14%
14%
9%
9%
9%
9%
9%
9%
3,000
14%
13%
13%
13%
13%
5%
*5%
5%
5%
5'A
100
Roan
700
Royal
400
5%
Ruberoid
19%
19%
19
19
19
19
29%
28%
28%
29
29
20%
20%
21%
20%
21
15.000
50'A
51%
50
50
28%
29%
29
29%
19%
19%
19%
19'A
19%
29%
28%
28'A
29
2.9
20%
20%
20%
20%
20Va
51
51
*50
51
291/4
29%
*29
29 %
21%
21
•
No par
No par
—
1
Typewriter
Co
No pai
(The)
$2.50
*50
51
230
28%
*28%
29
3,700
St
tSt
J
preferred
conv
No par
14
69Jan
93
Oct
10
42'/8
Jan
74%
Dec
4'A
Jan
Mar 11
Jan
101%
3
97% Mar 14
73%
Jan
88%
Oct
5%
Jan
9%
Apr
8%
Mar 16
Dec
Apr
6
12% Mar 13
59'/a
Nov
7'A
Jan
15% July
89% Feb
80
Jan
93%
11% July
32% Jun
10
28
4
10
Mar 16
5%
30% Mar 22
38% Jan 25
25'A
Feb
7
12%
Sep
7%
Jan
3
3
87/a Feb
29
10 VB Mar 18
3
14% Mar 16
3
14% Jan
5
Jan
Jun
39% July
14% Oct"
12
July
17% May
9
Jan
5%
Jan
19% Mar 18
X30% Feb 10
26
Jan
25
Feb
3
19%
Dec
21%
20'A
Jan
28
Oct
Jun
6% Jan
13
17% Jan
Feb
70
Jan
34%
15% Feb
98
Jan
24
Jan'
Dec
76
Apr
Jan
13
Apr
20% July
Jan
95'/a
18% Mar 16
Jan
13
10%
14
102% Mar 24
36% Feb
28
5% Apr
Antelope Copper Mines—,
Rustless Iron & Steel Corp
51
*50
1
Co
300
14
14
*5%
Mfg
Richfield Oil Corp
Ritter Company
*28%
*19'A
*28'A
.;■/•
Rheem
8% Jan
Jun
Jan
10%
4
13
Jan
1
10
Sep
May
25
85% Apr
—————10
Common
110
600
19%
8
Dec
Nov
90% Apr
9
Jan
j
20
Jan
11
69
63
10
100
-
Jan
12
94
100
Reynolds Spring
Reynolds (R J) Tob class B
800
9
9
9'A
9
13Va
14%
Jan
No par
preferred
Reynolds Metals Co—
5% % conv preferred
550
Jan
19% Mar 17
•
1,300
3
6%
16% Mar
14
6% Jan
84
Mar
15% Apr
Feb
15
87%
9
70
11% Feb
18
1
88
9
No par
10
87
9
Reliable Stores Corp
50% Jan
Reliance Mfg Co
89
9%
100
1st pfd
90
Remington-Rand
86
9%
(Robt) & Co
10
Jan
100
19%
88%
9'A
9%
9%
*9
Hosiery
15
15
86
89%
89%
89
15%
Rels
150
90%
*84%
87
*83%
Silk
Preferred
60 %
*59
14%
15'A
Real
125
*18%
15'A
/
8
9% May
Dec
Feb
19
11%
Jan
18%
13
51% Apr
11
43
Jan
50% Aug
Feb 18
& Mar 17
% Jan 20
43% Jan 27
110% Jan
8
.7
Jan
3
38 % Feb 17
105
Jan
6
37'% Mar 16
109
Feb 16
32% Jan
11
36% Mar
45
23
,
S
%
Va
.%
1%
1%
1%
1%
1%
46%
*
1%
%
•
28%
Va
%
%
Va
'/a
'/a
2,300
1%
1%
1%
1%
*1%
1%
5.400
...
46%
46%
46 Va
46 Va
47%
47%
112 %
112V2
112%
112 Va
112%
112%
*112 Va
112%
112%
112%
112%
7%
7%
7%
7%
7%
7%
7%
7%
*7%
7%
7%
7%
52%
51%
52%
52
52%
51 Va
52'/a
50%
51 Va
103 Va
108
108 Va
52
#107j/2
*108
108'/a
40
40
40
*1091/2
112
*109%
112
*1081/2
109%
*
109%
23%
2334
*3
40
88%
47
107 Va
107 Va
107%
39%
39%
39%
112
*108%
109%
23%
24
*3
3%
*109%
*109%
112
*109
.
88
88%
50
40
*109%
23%
47
108
112
3
3
88%
88%
*107%
46%
113
109
109
*23%
3
3
3%
46%
40
*109%
'•
24%
*23
88 %
88 %
108 %
47
109%
£ *22%
88%
3
87%
23%
109
*22%
3
*2%
88
88%
400
40
100
Savage Arms Corp
Schenley Distillers Corp
5'%% preferred—
Scott Paper Co
7,800
107%
10
100
preferred
non-cum
Saieway Stores
5% preferred
330
900
50%
Louis-San
6%
1,200
.
Francisco
Joseph Lead
—
>
1,000
.
$4.50 preferred
112
$4 preferred
30
109
Seagrave
300
3
88%
.
No par
Seaboard Oil Co of Del
300
23%
No par
—5
Corp
—No par
Sears Roebuck & Co
4,700
—.1
18
18%
17 Va
18%
18%
18%
18%
18%
18
18
17%
18
5,200
Servel
*15
15%
15 V8
15%
15%
15%
15%
15
15%
15
15%
1,000
Sharon Steel Corp—
72%
73
72%
73
15%
73'
73
73
13%
13%
13%
13%
11%
11 Va
11%
*51 Va
52
*72
13%
13%
75
*73
52
11%
*51%
13%
75
*73
75
*73
11%
*51%
*73
11%
27%
27%
27%
27%
3%
*3%
3%
3%
51%
72
;
;,
v
13 %
*73
71%
72
13%
75%
11
51%
3%
28%
27%
27%
3%
3%
3%
28
27
*3%
700
1,400
25%
25 Va
25 Va
25%
26%
25%
25%
25%
25%
25%
25%
*24%
25V4
*24%
25%
*24%
25%
*24%
25%
*24%
25 %
24%
24%
12%
12%
12%
12%
12%
13%
13%
13%
Xl2%
13 Va
13
40
39%
39%
39%
39%
39
39%
38 %
38%
39
39
14%
15%
15%
15%
15%
15%
15%
22%
*21%
*15%
*21%
22%
*21%
22%
22%
22%
*32%
33%
33
33
33
33
33
33
*23%
23%
23%
23%
23%
23%
23
23%
12%
12%
12%
12%
12%
12%
12%
3%
3%
3%
3%
37/a
3%
3%
*33%
33%
33%
33%
337/a
34
*33%
34%
33%
33%
33%
34%
148
*147
148
148
148
*33%
33%
*148
148
22%
14%
15
22%
*21%
33%
*33
33%
700
12%
12%
12%
12%
12%
18,300
3%
3%
3%
3%
3%
4,400
34 Va
*33%
150
*33%
33%
*148
33%
34
*148
150
1
Southeastern
Greyhound Lines-—5
No par
South Porto Rico Sugar-..
3,000
8%
30
150
15
-
Iron,—20
&
preferred-
South Am Gold & Platinum
400
34%
34
—
Steel
No par
Smith (A O) Corp
10
Smith & Corona Typewriter_No par
Socony Vacuum Oil Co Inc
15
$1.20
800
33%
No par
Skelly Oil Co
*23%
33%
—No par
Sloss-Sheffield
23%
34
-No par
Simonds Saw & Steel
1,000
23%
5
Simmons Co___——
2,270
24
15
Coalition Mines
1,900
15
Pen Co
Sinclair Oil Corp
161,600
22%
No par
No par
(Frank G)
(W A)
Silver King
200
13%
40
No par
No par
No par
pref ser A
Shell Union Oil
4,200
3%
*25%
*15%
Sheaffer
10
27V»
conv
Shattuck
2,900
51%
No par
preferred
conv
$3.50
11/
52
Inc
Sharpe & Dohme
2,700
13%
*73%
11
11
*51%
$5
380
72
13%
75 Va
*33/a
28%
3%
11%
*51 Va
11%
52
27%
13%
75
No par
100
5
5
.—100
No par
No par
———100
preferred—
25
23%
23%
23%
23%
23%
23%
23%
23%
23%
23%
23%
23%
2,400
Southern
California Edison
151/4
15%
14%
15
14%
14%
14%
14%
14%
14%
14%
14%
2,200
Southern
Natural Gas Co——7.50
29 Va
29%
29%
29%
29%
30%
29%
30%
28%
29%
29
29%
33.600
Southern Pacific Co
21,900
Southern
24%
24%
50%
50 Va
51 Va
51%
52%
52%
59
23%
59
59%
59%
59%
*59%
24%
24i/a
49%
*58
*5
5%
4%
*6%
6%
*6 Va
*57
*29%
*58 V2
70
30
29%
4%
6%
*6%
25
*58%
59%
59%
59%
35%
*111
34%
35'/4
*61%
35
*60%
114
*110
111%
63%
112%
*110
30%
113%
113%
113%
%
n
30%
*113%
3%
,
3%
*113%
3%
.
Jf;
;.
3%
112%
7%
60%
34%
111
*61
7%
59%
*34%
*110%
63%
*112%
*58
114
30'%
V
25
38'%
59'%
7%
60
35'%
29%
1,400
25 %
4,500
*58
100
39
59%
7%
59%
*34%
8,200
7%
2,480
60%
35%
.
1,500
114
30
61
61
63
*61
29%
25
*37
*110%
114
100
30
*110%
112%
*110%
112%
*108%
109%
108%
108%
110
30%
3,700
U
46%
46%
47
47
55%
55%
55
55
55
55%
36%
36%
36%
36%
36%
33
33%
32%
110%
30%
30%
114%
*113%
114 Va
113%
113%
200
%
%
n
w
%
%
2,200
3%
3%
3%
3%
*46
4
30%
30
preferred—
Spencer Kellogg & Sons
Bperry Corp (The)
Spicer Mfg Co—
—
$3 conv preferred A
70
*113%
115
48
*47
7%
60
*29 Va
*58%
70
Spear & Co
$5.51
110%
30%
4
-
34%
111
30%
59%
*58
111
63%
112%
30%
35
112
*61
111
*110
31
7%
60%
34%
*111
112%
63%
*112%
7%
60
114
*111
114
7%
60
100
*58%
30
47
45
45
54%
55
53%
53%
53
36%
36
36%
36%
36%
32%
36%
*44%
&
Sparks Withington
2,600
6%
24%
60%
7'%
4%
*6%
*37%
*58
59%
4%
6%
Railway ———No par
preferred———100
Ohio stk tr ctfs
100
non-cum
Mobile
200
4%
38 %
59%
5%
18,500'
4%
25%
*58
'
»
60
*6 Va
30%
*38%
52%
6%
38%
39
24%
*59
60
4"%
70
25
*38%
7%
52
30
25%
39%
.
24%
51
24%
52%
23%
*58%
39
25%
7%
52%
60
25%
25 Va
*37%
*59
25%
31
*30%
25 %
6%
70
*58%
30%
4%
6%
4%
5
70
24%
25%
No par
'
Spiegel Inc
$4.50
Conv
preferred
Square D Co—
preferred
Brands, Inc
.
Standard
$4.50
36%
22,300
400
45%
54
,
2,900
$4
33%
32%
33
32%
32%
33
11,000
Standard Oil of Indiana
53%
53%
53%
53%
53%
53%
53%
53%
52%
53'/a
52%
53%
13,700
Standard Oil of New Jersey
43 %
43%
43
43%
43%
43%
43%
43%
43
43%
43
43%
2,600
112%
112%
113
8%
8%
•
8%
113
*112%
8%
8%
114
8%
*112%
114
8%
8
32%
*112%
8
114
8
32%
114
8
300
114
8,500
8
100
No par
No par
No par
—No par
No par
preferred
Standard Gas & El Co
preferred
$6 cum prior preferred
$7 cum prior preferred
Standard Oil of Calif
15,400
4
par
1
—
conv
$4.25
1
No par
No ps"
2
No
preferred—
Squibb (E R) & Sons
$5 pref series A
5%
No par
1
No par
No par
Standard Oil of Ohio
No par
No par
No par
No par
No par
25
25
25
100
1
4%%' preferred
Standard Steel Spring
108
Jan
24
Jan
Jan
300
Starrett Co
(The)
No par
L S
31%
31%
31%
31%
31%
31%
31%
.31%
63%
63%
63%
63%
63%
63%
64
64
63%
63%
63%
64 %
1,400
Sterling Drug Inc
13%
13%
13%
13%
13%
14
13%
13%
13%
13%
13%
13%
9,200
Stewart-Warner
Corp
5
10
10 %
10
10%
10
10%
10
10%
10
10
10
10%
4,700
17
17
17
Stokely Bros & Co Inc
5%
prior preferred
1
20
*31
31%
'
*16%
X
8%
8%
*16%
8%
15 Va
*123%
14%
15%
58
15
*55
57
57
125
5%
For
5%
footnotes
123%
5%
5%
page
14%
*55
123%
see
8%
1571.
*124
5%
17
8%
*16%
8%
*31
16%
16%
16%
700
8%
8%
8%
8%
8%
3,000
17
*16
15%
14%
15%
14%
14%
56%
56
Va
56%
56%
56%
126
5%
124
5%
124
5%
*124%
5%
126
5%
14%
*56
15
13,200
58
1,000
k124%
126%
40
5%
5%
12.600
Stone &
-—No par
Webster
Studebaker Corp
10
(The)
Sun Oil Co
pfd (4%% cum)
Oil Corp——;
Class A
Sunray
3% Mar
14
Jan
24
105'A
Jan
47 % July
114
Sep
1
6%
Nov
547/e Mar 31
19%
Jan
96
Jan
36'A
Dec
427/aFeb
35
16
109%
Nov
115
Feb
105
Dec
112
Mar
16%
2
Jan
4%
Jun
Jan
90%
Dec
10 '/a
Jan
18%
Sep
73
9
Apr
54
Jan
Jan
73'A July
Jan
Jan
16% May
73% May
5%
Jan
Feb
26
31%
Jan
57
Oct
28% Apr
12
17%
Jan
29
Jun
Jan
27
2%
Jan
11% Mar 16
52
4
42% Jan
3
26% Mar 14
.
Apr
16 '/a
22
23 % Jan
5
*
Jun
•
12
Jan
Jan
28
May
27% Nov
10% May
7
18% Jan
10%
21
Mar 13
Apr 14
xl3'/a July
28'A
Jan
15%
Nov
45%
Sep
24% July
22% Aug
23%
Nov
35 Va Mar 16
19
Jan
39% July
27'A Jan
14
15%
Jan
25'A
13% Mar 17
10%
Jan
15% July
2%
Jan
16%
Jan
20%
Jan
4
35
Apr
6
Mar 14
357/a Mar
7
149% Mar 29
132
5
1: 29'A
Jun
Apr
Dec
30% Sep
149'A July
Jan
Jan 29
Jan 17
Jan
3
24 Va Jan
21'/a
Jan
15% Mar 23
10%
Jan
14%
3 2'/a Mar 22
15%
Jan
30% May
26
15%
Jan
30%
Jan
3
4
28'A Feb
52Ve Apr
12
35%
Jan
Jan
7
62% Feb
29
42%
Jan
3
5% Jan
18
2%
Jan
Jan
4% Jan
5 Va Jan 26
55
Feb 14
29 Vs Apr 6"
24% Mar 29
.36% Jan 26
56% Jan 27
6
Jan 3
50'% Feb 11
34'% Feb 15
110
Jan 28
60
112%
108'%
28'%
110 ..
Jan
6
Mar 30
Jan 6
Feb 9
Jan 27
Jan 3
Jan 3
Feb 10
Feb 8
Feb 7
Mar 3
51% Feb 7
40% Jan 4
111
Jan 26
6% Jan 13
28% Jan 18
62% Feb 29
11% Jan
3
9'A Feb 10
15% Feb 1
8
.17% July
8%
5
Jan 28
Feb 5
Apr 12
Jan 27
U
2%
33%
40%
35%
32%
Jan
64%
5
14 Va Mar 13
75
Feb 23
54
Jun
59%
16% Mar 16
3
6
26%
5
3'A Mar 16
28
Jan
Jan
19 '/a Mar 20
91% Jan
13% Apr
23
Feb
6
8
8
13Va
23'%
20
40Ve
Dec
Jan
25% Mar 17
Jan
6
Jan
4
Jan 18
Jan
3
Jan 10
Jan 6
43
Jan
10% Feb
14%
22
29%
23
12
3%
28Va
287/8
141
12% Mar
44%
107% July
112
24'% Apr 3
25
Feb 21
37
1% Mar
110
3
3
Jan
3
4
r-l
14
Feb
No par
56
Mar 29
100
1
Jan
xl08% Mar 23
3
*
*31
Jan
Va
8'A Feb
Jan 6
Jan 27
3% Jan
a5a
3
113% Jan
21'% Jan 10
2% Jan
5
84
Feb
7
16% Feb 14
13%
637/a
12
72
9%
48%
Nov
3
47'/a Apr
.
27%
% Apr
2% Apr
28
121
Jan 27
5'/a Feb 15
6
2%
67/a Mar 16
58
»
6W1
6Va
Jun
Sep
Jan
61
Nov
Jan
35
Dec
6
23%
39 Va Mar 25
32%
60% Apr
56
5
3
7% Mar 13
Nov
35% Mar
Jan
44% July
60
May
Jan
8'A
'
35%
5
Jan
38% Mar 13
33
109
Jan
2
49
64
Jan
112% Mar 22
Jan
64% Feb
Apr
21%
31% Mar 14
60Va Apr
Sep
Apr
49% May
66
Jan
Apr
33
Mar 30
27% Jan
25
Sep
Sep
Sep
42
July
116% July
70
July
117
Aug
114% Jan
10
112%
Nov
Jan
28
107
Nov
31% Mar 21
25
Sep
/
Jan
,115% July
112
115
1
Mar
Jan
6
100%
10
it
4'/a Mar 22
9
50% Mar 22
Jan
Jan
,
110
31%
Dec
Dec
2% Mar
6% Mar
Jan
38%
Dec
Dec
58'A Mar 22
10%
Jan
44 %
38% Jan
11
28%
Jan
40
34% Jan
15
28%
Jan
May
38% July
60
Sep
45'A May
55% Mar 17
46%
Jan
43% Apr
12
37%
Jan
Feb
15
"5%
Nov
9% May
25
Jan
31% Mar
114
9'/a Mar 22
32% Mar 22
65 Va Jan
58% July
6
66
May
7% Jan
14%
4%
Jan
14
14%
Dec
xl7
2
5%
Jan
Sep
10% May
16Va Mar 13
5%
Jan
15 Vs
48%
Jan
14
11
11% Mar 14
Apr
17% Mar 14
9% Feb
60'A Jan
125
21
Mar 18
6Va Mar 18
.
Jun
July
Dec
63% Mar
Apr
130
Sep
4% Nov
6
Oct
122
THE COMMERCIAL
1570
Monday, April 17, 1944
CHRONICLE
& FINANCIAL
Range for Previous
STOCKS
April 10
*7ft
April 11
$ per
share
79
79
*77
22 ft_
*21%
31%
*30%
22%
•30%
7%
7%
7%
7%
7%
19%
18%
19%
18%
18%
80
78
*78
78%
22%
*21%
22%
*21 %
22%
*21%
21%
*30
30%.
30%
30%
*30%
31%
30%
30%
10%
10%
10%
10%
10%
10%
10%
2,700
30 T a
30 %
30%
3,900
78
10%
10%
31%
31%
30%
31%
30%
31
30%
31%
28%
28'A
28%
31 %
31%
31%
31%
31 Va
31%
31 Va
28%
28 %
28%
27%
28
27%
28
6%
6%
7
8
*7%
8
*7%
8
*45%
48
*45%
48
*45 %
5%
5%
5%
10%
*10%
10%
10%
10%
47%
47 Va
6V$
6'A
6%
6%
34%
35
34%
*5V8
11
10%
10%
2,600
47
47%
46%
47'A
"7,600
,
35
5%
6
6
6%
5%
34%
34%
34%
2,100
34%
34%
17%
18
18
18
17%
18
17%
17%
17%
17%
17%
10%
10%
10%
10%
10'A
10 %
10
10%
10'A
10%
10%
23 %
23%
24%
17%
*17'A
*54%
55
*17%
54%
*7%
8
*7%
110
♦109%
110
7%
7%
23
•23%
17%
17%
*17%
17%
200
55%
55%
55 %
55%
270
$3.60
100
The Pair
23
*7%
8%
*7%
8%
*7%
8%
109'A
109'A
*109%
109%
109%
109%
7%
7%
7%
*7%
7%
1,500
45%
45%
46%
70
7%
*45%
46%
*45
47
*45
Pi ef erred
Thermoid
—
5%
5%
5%
5%
*5'A
800
5%
*12%
12%
*12%
12%
*12%
12%
12%
Thompson
12%
12%
500
12%
12%
12%
37%
38%
38%
*38 V4
38%
38'A
38 Va
38%
38'A
37%
38%
800
38%
2%
2%
2%
2%
2%
2%
2%
*2%
2%
*2%
*2% ~2%
Products
Thompson-Starrett Co
*
104
103%
103
14%
104%
104
'
20 Va
14%
15%
14%
104%
104
20%
20 Va
14%
14%
14%
104%
5
5
5
5
21%
*20%
21
21
14%
104%
14%
14%
14%
21%
*20%
21%
*21
-
5%
-
20 Va
500
14%
6,700
*1.410
105
104
105
1,800
27%
28 %
*27%
28
27%
27%
27%
27%
'27%
44%
44%
45
44%
45'A
44 Va
44%
44%
9
9
9
9
8%
9
8%
8%
8%
8%
18%
18%
*18%
18%
*18%
18%
18%
18%
18%
18%
14
14
14'A
14%
14 Va
14%
14
14
14
14
3%
8%
.
3%
3%
3%
92
92%
92%
92%
11
11
11
11
16
16%
3%
3%
3%
4,500
4
3%
3%
90%
91
91%
91%
*91
10%
10%
10%
10%
IOV2
10%
10
16
16
16 Va
♦15%
15?a
15%
15%
Tubize
>1,300
23%
24%
23%
24
23%
23%
23 Va
23%
23%
23%
12,200
24%
31%
31%
31%
31%
31%
31%
31%
31%
31%
103%
*102%
103%
103%
7%
7%
103
103%
7%
7%
91%
91
91%
90
*101%
i—i O OS ^fiO
1.000
7%
7%
7%
4.000
90
*9%
10%
*9%
10 Va
10
10
57%
9%
9%
102%
7%
7%
90
90
87%
102%
103
7%
8
7%
57%
57%
57%
10
10
10
80%
80
80%
89%
9%
88%
88%
610
9%
89
9%
9%
1%
1,300
22%
Feb
35% July
4%
Jan
8% May
8% Mar
49
Jan
3
Jan
Apr
5% Mar
13% May
11% Jan
5
8%
Jan
7
50% Jan
10
41%
Jan
4% Feb
28
6% Mar 27
3 Va
Jan
34'/a Jan
7
33%
Dec
35% Feb
Jun
45
35
11
10% Mar 29
23
8%
53% July
6% July
7
41% July
18
Jan
July
14% Feb
4
19% Mar 16
8% Feb
9
HVa Mar 18
7%
Jan
13% July
17% Jan
4
26% Mar 21
16Va
Nov
28% July
6%
Jan
14
Jan
53%
Dec
Jan
6s
July
19% Mar 17
12% Jan
13
■i- 50% Feb
-4
5% Jan
6
Jan
31
7% Jan
26
92
55% Apr
Feb
16
112
Feb
2%
52
16
47% Feb
19
6% Feb
11
12
2
13
6% May
Jan
Jan
15
39% Mar 18
26%
Feb
34%
Dec
Mar 18
lVa
Jan
3
Mar
Jan
26%
Jun
13% Mar
3
.
8Va
8,
16
23% Mar 21
.
July
10
9%
Jan
15% July
Mar 21
94%
Jan
103% May
29% Mar 14
23%
Dec
34% Mai
6
49% Jan
25
40%
Jan
50
6%
Jan
10Va May
25% July
14% Apr
3
105
3
j
'Jan
44
Sep
May
3
Feb
100 Va Jan
25
Oct
9%
49
Jan
3
Oct
95
Jan
33%
23
'
Jan
4
8% Mar 20
11
4% Jan
\
35
14
9
Jan
43
Apr.
8% Jan
13
9% Mar 17
18 'A Apr
12% Jan
14
21% Mar 16
15 %
Jan
24
11 %
Jan
3% Feb
No par
1
4
4% Mar 13
1%
Jan
14% Feb
5
94
3
11
Mar 25
15% Mar
1
21 Va Feb
Apr
4% May
May
17% Mar 21
No par
July
16%
90
Jan
69
Mar 22
8% Jan
1
I
Jan
85
No par
No par
Corp
8%
5% Jan
6
Mar 17
6'/a Feb
18% Mar ..6.
4
5% Jan
32 Va Apr
4
Jan
103% Apr
5
11
July
34% July
Jan
99
Nov
101
Oct
Jan
9%
Jan
77%
Jun
Jan
4%
67
11
91 % Apr
24%
Jan
25
8Va Mar 22
5
>
9% May
6% Jan
12%
5
3
28% Jan
100
24% Apr
17
.
11%
Jun
68% Jan;
4
1
Coach Co
Twin
5
7% Mar 13
3
45% Feb
pitferred.
-—No par.
prior pfd
—
No Par
City Rapid Transit-;—No par
preferred
100
Twin
33% Jan
Jan
5
$4.50
103 %
35%
3
$1.50
31%
6.700
32
NOV
3
20th Cert Fox Film Corp
31%
27 %
4
St'l
Rayon Corp
24%
2
Jan
2
5
preferred
$6
Truax-Traer
1,200
10%
16
32% Feb
10
Tri-Continental Corp
220
92
ft
Transue & Williams
Nov
10
Jan
Transcont'l & West Air Inc
400
Jan
Jan
Transamerica Corp
1,000
92%
*91
16
16
18 Va
14'A
3%
4
9
18'/a
*13%
Jun
22%
Jan
—10
No par
10
No par
conv
July
12%
31% Mar 20
3
N( par
Associated Oil
preferred
Timken Detroit Axle
Tlmken Roller Bearing
3,000
Apr
33
27%
32% Jan
preferred
-$3.50 cum
$4.50
2,700
45
44%
*44
44%
-
Tide Water
1.200
28%
27%
28'A
,
Feb
25
No par
No par
(J R)
Thompson
"
Jan
4%
1*
Third
*5%
26 "A
3
7
preferred—
-10
Transit Corp,_No par
Avenue
Jan
8
11% Mar
4% Jan -12
No par
100
Co——
$3 div conv
14%
31% Mar
4
42
——No par
preferred——No par
conv
32% July
24% Mar 22
6
Thatcher Mfg Co
150
7%
7%
47
*46%
47
47
Texas & Pacific
1,700
17%,
55
Land Trust—
Rf Co—
Texas Pacific
7,100
:
8
*109%
7%
7%
'3,800
17%
110
8
8
*109%
Sulphur
Texas Pacific Coal & Oil
Texas Gulf
55
25
23 %
*17%
17%
54%
17%
55
55
25
24
24%
24%
*17
Producing
May
27% Mar 29
25
No par
No par
-10
1
100
(The)..
Texas Gulf
May
82
4
27% Jan
5
Corp
Tennessee
Texas Co
6,600
6
34%
*10%
800
!
%
5
10%
22
Feb
28
50
5
partlc preferred
Telautograph Corp
Apr
Jan
Jan
8 % Jan
1
5% %
2
29% Jan
No par
Talcott Inc (James)
*5>/a
•Jan
Mar 16
% Feb
7%
3%
12%
58%
8% Mar 16
9
200
7%
48
5%
34%
35
*7%
*45 %
10%
•
6
6'A
ev«
8
48
84
20
10
12Va
23
Sylvania Elec Prod's Inc.
Symington Gould Corp
5,200
21
3
Jan
27% Jan
4,100
6%
3
27
72
International Ltd
2,600
•
5% Jan
No par
25
100
8wlft & Co
Swift
47'A
10%
47%
*7%
*45 %
43
*5%
5%
5%
5%
*10%
6%
6%
6%
7%
7%
*45%
47%
100
200
;
31 Va
28%
48
47%
30%
30%
*7%
47%
78
31
6%
47%
78
31%
7
6%
7
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
Sutherland Paper Co
Sweets Co of Amer (Thej
1,900
*21%
lO'A
7
78
Sunshine
2,700
.
Highest
$ per share
$ per share
S per share
17% Jan
10c
Co
Mining
2,700
7%
19
19
$ per share
Par
,
Shares
share
22%
31%
f 79
10'A
27%
7%
7%
19%
*10%
*30%
S per
share
7%
19%
19%
$ per
share
19%
7%.
7?a
19
$ per
share
Year 1943
Lowest
Lowest
EXCHANGE
the Week
April 14
April 13
April 12
•'
Range since January 1
Highest
STOCK
YORK
NEW
for
Sales
Friday
Thursday
Wednesday
Tuesday
$ per
April #
$ per share
SALE PRICES
AND HIGH
LOW
Monday
Saturday
8% Jan
6
10% Mar 13
59% Mar 28
42
Jan
Mar 11
8
Jan
x76%
Dec
Jan
6%
Jan,
t
U
*56%
*
*9%
79%
79%
*115%
116%
*113
114'A
9%
10
80
*115%
113
113
113
f
106%
V 106%
19%
104%
106%
106%
96%
96%
*95%
27
27
28
28%
27%
28%
103%
103%
103'A
103 %
24%
24%
*24%
24%
24%
111'A
111'/a
*111%
110%
110%
21 %
1 %
;
28%
63%
24%
1%
33%
33%
33%
33%
33%
13%
13%
13%
13%
99%
6%
*6 Va
51%
51%
10%
10%
10%
10%
10%
10%
*77%
79%
78%
1%
1%
1%
73%
*10%
37%
10%
28
78%
37%
5%
*5%
*111
9%
9
'>9
37%
5%
*5%
20%
21
111
"■ 112%
6Va
6 Va
6%
6 'A
6%
10%
*46
37%
21
112'/a
111
72%
*9
9%
1
31%
31%
*42%
44%
*42%
43%
*42%
*37%
39
*37 Va
38 Va
37%
37%
1%
1%
46%
46%
136 %
47
136%
136 Y*
*55%
56
56%
73%S;\
*71%
73%
*71%
51 %
52%
51%
51%v
23%
*23%
23%
47
*45%
*45%
47
2%
2%
2%
*16
17
16
*3%
4
*3%
36%
36%
*35%
70%
72%
*70%
167
1%
45%
47
46%
136
136%
136
*50%
9%
9%
9%
;
77%
77%
8%
*102%
17%
17
73%
390
4%
700
9
103
17
72%
*10%
10%
47
72%
176%
10'A
*10%
10%
46
*46%
47%
37
36%
46
37%
X36%
5%
5%
21
20%
111
*111
6%
9%
5%
5%
20%
20%
*9
31
43%
*42%
43%.
37%'
37%
37%
*37
1%
1ft
47 Va
45%
45%
136%
136%
500
U S
45%
6,700
U
137%
700
54
*53
55
72 %
*71%
72%
123 Va
123%
23
23%
23%
47
*2%
3
3
2%
2%
2%
*15%
16%
15%
4
4
*3%
23 Va
*45%
47
2%
86
15%
4
51%
51%
51%
123%
123%
123%
123%
3,300
23%
23%
23%
23%
1,000
*2%
*166
167
Rubber
_No
Preferred
United
200
4,000
166
*166
166
4
$6
100
71
50
Laboratories
—
19%
19%
19%
19%
19%
19%
19%
19%
19 Va
19%
1,400
10%
*10%
10%
*10%
10%
10%
10%
*10%
10%
10%
10%
700
Van
100
Van Raalte Co Inc
600 *
Vick Chemical
42%
*40%
41%
*117%
41%
42 Va
74
*68%
74
*42'A
44%
*68
74
*70
78
*69
78
*69%
23
23
23
23
22%
22%
4%
4%
4%
59
58%
47
59%
*38%
38%
*38%
39
*33%
34%
*34
34%
*109
*142
For
110
110
*109
110
*142
*142
footnotes
see
33%
page
1571.
22
4%
58%
43
41
*117%
*43
41
*40%
120
*117%
74
*70%
79
*73
79
22
22
22%
4%
59
4%
*70%
74
57%
46 Va
39
*38%
39
*38%
34
115
*33%
34
x33ft
39
33%
*115
.
——
*44%
39
*33%
4%
5%
2,700
Co
non-cum
preferred
f
6%
Chemical
50
Va
50
Va Iron Coal & Coke 5%
33%
*109
115
*111
115
♦111
115
*150
170
*150
170
*150
170
Jan
100
5%
Dec
Apr
200
400 *
El & Pow
$6 pref
Virginian Ry Co
6 % preferred
Vulcan Detinning Co
30
«
Preferred
Jan
5
Mar 13
11% Jan
3
5% Jan
27
25
9% Apr
Feb
14
34
Mar 13
40% Jan
3
46
Mar
4
39% Mar 18
31
35% Mar
52% Feb
,
5
Jan
13
.
1
May
11
46
Jan
62
24
64%
Jan
74
55% Mar 16
47%
Jan
59% July
123% Apr
29
Jan
50% Aug
Jan
3% July
%
Jan
3
Jan
10
4
3
Oct
86
Feb
10
56
Jan
88
Oct
17% Jan
6
13%
Dec
20% July
2%
Nov
30 Va
Nov
6% July
41% July
3 Va Mar
.
169
Feb
Feb 25
15%
Jan
8%
Jan
25%
Jan
28
47
Mar
63%
15
68
Feb
Jan
Jan
11% Mar 17
21% Mar 16
25
70
59 %
150
43% Mar 20
Jan
3
118
41% Jan
100
100
—5
*
4
116% Jan
Jan
Apr
Nov
1%
3
4
-
July
20 Va
18
Jan
125
42 Va
10
16
9% Jan
11
Nov
Jan
112
23
4% Jan
37
Sep
Jan
75
17% Jan
•
Jun
3% May
46%
Jan
36% Apr
Mar 20
44%
58
4
162
100
37% May
42
July
Jan
Dec
4
70% Apr.
Jan
130
4
31
par
Jan
29%
Jan
Jan
par
29 Va
32
Jun
101
3% Jan
1
.No
Oct
8% July
9%
73
•
28
2% Apr
Apr
Apr
8
48% Feb
14% Jan l 4
7%
19%
114
Nov
Jan
3
76
Jan
Jan
4
2% Jan
Jan
ii
Jan
'
Jan
x42% July
8%
6
22% J an
45
t
•
Jul5
4% Nov
10
12
24% Jan 24
27
xll9% Jan
Nov
25%
138% Mar
7
50% Jan V 3
Oct
44%
20
2% Jan
6
Jan
70
Apr
10 Va
48% Mar 21
2
Feb
1'
par
4
108
6% Mar 23
8% Jan
Oct
181 %
Jan
13%
26
21
75%
Jan
30
28
Feb
7
112
10
7
25
.415
Feb
23% Feb
3
i,
'Feb
Dec
19
39% Jun
39% Mar 13
19
Jan
5
16 Va Jan
.
5%
17
47% Apr
99%
Dec
168
7
X
Jan
Jan
9 Va
59
180
10
Jan
13% May
84% Jan
1
17
.75
Mar 28
13
100
No par
pfd—-100
div partlc preferred
1,600
.
Dec
4%
Jan
——No par
57%
39
99
4
76
115
Nov
25% July
12% Feb
37%
120
Oct
Oct
Dec
44%
Mar 20
51
Jan
65
Mar 27
57
Feb
67% May
20%
Nov
26%
2%
Jan
11
7
23% Feb
4
Feb
4
52
Feb
9
5% lyiar 24
62 % Mar 24
39
114% Jan
7
117% Mar 21
115
38% Feb
17
52
Mar
75% July
165%
40 %
8
21% Jan
'
Va-Carolina
116%
47
Dec
Jan
110
100
5
preferred
Victor Chemical Works—
1.000
.
1st
Co
Vicks Shreve & Pac Ry
'
79
57%
116%
46%
116%
74
22,
4%
Norman
7 %
43
*21 %
57 Va
116%
116%
41%
120
*73
-
4%
47
117ft
•
43
43%
*46 Va
60
*46%
38%
*72%
.
41%
120
47
*116%
46%
*70%
78
59%
116%
46%
116%
*45%
4%
116%
59 v
♦116%
43
43
42%
4%
♦117%
120
*68
4%
*41
41%
*40%
♦117%
120
29%
10% Mar 18
Feb
No par
2.50
5
Vanadium Corp of Am
19%
120
Jan
10
_No
.
Tob
preferred
8%
No
Inc.
Preferred
19%
*40
Dec
16%
Jan
35% Jan ,26
5
conv
10%
♦117%
2%
3Va
21% Feb
42
1
Stookyards Corp
Universal Leaf
10
167
Apr
Jun
8% Jan
/
.No par
25
United Stores clsss A
800
37
Jun
2Va
Apr
104% Mar
70
preferred-
Universal
4
71
9%
3
5% Mar 16
40
par
100
.
non-cum
200
*35%
Sep
39
3
170
50
16
4
76%
3
130
—50
Ref & Mln
*15%
72%
35
60% Mar
9
.
10
1st preferred
16
37
23% Nov
5
104% Feb 21
100
Co
non-cum
♦15%
-
6
4
—No par
preferred
Universal-Cyclops Steel Corp
4
Jan
14% Jan
20
10
—I
100
*70
July
97% Jan
-^—————10
Foundry—
86
*36
Jan
66
Jan
2% Jan
19
7% Feb
100
—1
2%
72%
167
*165
S
1%
2%
9
Jan
81% Mar 16
9
98% Jan
Feb
Jan
5%
29
12
28 % Jan
4•
2%
38%
6
7% Jan
26% Mar 29
xl% Mar
17
57% Mar 13
6
75% Jan
2% May
35%
10% Apr
12
Jan
100
5
Jan
8'
par
——
U S Tobacco Co
47
2%
Feb
6'
50
No par
*84%
37%
Dec
—No
2%
*70%
Sep
Sep
96
—5
50
87Va
*35%
15%
Dec
20
——100
2%
71%
*70 Va
2%
3
Jan
94%
5
*84%
37%
*36
*45%
47
7%
Mar 28
No par
No par
U S Steel Corp..
22,500
*45V4
14% Mar 13
4
No par
preferred
U S Smelting
Preferred
100
123%
123
27
—No par
Plywood Corp
Realty & Impt
8%
500
72%
51
12% Jan
95% Jan
Playing Card Co
U S
1,300
54
51%
Jan
Lines Co—
U S
72%
51Va
Jan
preferred
conv
U S Pipe &
'
45%
'
Jun
iii
5
Secur
preferred
Preferred
500
2,200
•
Jun
Jun
17%
'
•
*135%
136%
51%
51%
U S
1%
1%
69%
x26
26
Coal Cos
Leather Co—
Prior
20
38%'
1%
Jan
25
--1
Par tic & conv cl A
2,200
9%
31%
:
18%
1% Feb
'
31
31%
*4*2%
43%
21
114
36% Jan
U S Industrial Chemicals——No par
U S
900
6 %
*9
9%
■.*
112%
6
6
5%%
400
5%
Jan
Jan
22% May
Jan
55%
3
Hoffman Mach Corp
U S
100
1,100
37%
21
109%
5
17
-100
Co
U S Gypsum Co
7 fo preferred
1.200
•
18
14
1 Va Jan
;
Fruit Co
1st
$6
210
177
*111
112%
6
32
*176
Jun
5
U S Freight
1,500
72%
72%
ian
16
Jan
Jan
22
May
33% July
Mar 25
113% Jan
'Mar 23
114V2
Jan
17% Jan
No par
U S & Foreign
600
176%
178
93'A
27% Mar 16
113
40
X24% Nov
11
.
140
17
17
Jan
Oct
33% Feb
—
2,200
9
103
9
103%
55
86
167
*165
9
103
38%
103%
*4%
4%
30% Mar 13
106
26
ex-distribtion.
United Merch & Mfrs Inc.;
1
5% preferred
—100
United Faperboard
10
3,400
37%
102%
38 Va
104
*71%
86
71
*
4%
*54
*84%
4
37%
103%
4%
28% Mar
7
United Gas Improv't
22.000
Jan
3
Electric
1%
97
24%
Feb
Engineering & Fdy__
72%
86
36%
38%
1%
Jan
9
Jan
United
United
79%
Feb
28
11
62
—No par
;—No par
Preferred
1,400
Oct
Jan
Jan
22
United
•
114%
22% July
102% July
15%
No par
600
78
;
Feb
Apr
80 V*
-No par
Co
Carbon
110
xll8
12
12
68
5,900
28
77%
104
12
par
July
97% Apr
92% Feb
27
11%
86% May
-
19% Mar 17
108% Apr
93% Jan
100
Corporation
preferred
United Drug Co
$4,75 preferred
United Dyewood Corp
220
9%
28
1%
20% Jan
-No
Co
preferred
$3
200
6%
28
1%
100
preferred
Biscuit
conv
United
300
99%
52
55
55
*71%
*2%
2%
37
1%
1 %
16
*84%
86
*
♦45%
3
3
3
*2%
*84%
*165
...
122!%" 123 ^
122% 122%
.
31
32
31%
1%
*23%
6%
6%
52
28
1%
...._
177
47%
38%
20%
9
44%
56
17,700
*99
99%
*6
52
10%
27%
33
46
500
1%
7.800
*42%
136 %
24%
10,500
*16%
10%
10%
*46
5%
United-Carr Fast Corp_
13 Va
*99
19
19
United
33%
6%
22 % Jan
102'A Jan
800
63%
13 Va
*32
*1%
United
30
33%
52
10
4%%
700
13
102
178
47%
20%
9%
*9
73
*176
5%
6%
6%
200
22
33%
100
Air Lines Inc
United
111
1%
/
24
conv
112
13
4%
9%
5%
3.300
33%
38%
17%
73"
*37%
21%
112%
*111
74 Va
176 ft
10%
5%
*20%
23%
13%
1%
1%
3
100% Feb
United Aircraft Corp
600
*23%
24
24
5
100
Jan
preferred
4,600
28%
103 ft
*21%
*110%
*62
63%
63
...
•
21%
111
26% Jan
Union Tank Car
23%
*111%
113
21%
*110
No par
preferred
non-cum
1,200
33%
1%
103
4%
1,600
•
11
3
Union Pacific RR Co
.1%
33%
103%
~
*46
47%
3*7%
*5%
27%
*103
5
18% Feb
6,300
108
97%
24 Va
59
105% Jan
109% Feb
25
100
100
series
Preferred $4.50
Union Oil of California—
24%
5
17%
73
10%
*46
9
*102
17
'
176
178
*176
11
No par
pfd
Union El Co of Mo $5
10
140
27
*111%
X
63%
104
*4%
9%
17
17%
73%
4%
103%
*9%
103
103
17%
22
78
/
38%
38%
104
104
;
4%
9'A
9%
*102
38%
38%
4%
4%
113% Apr
No par
113
3,100
,19 %
26%
23%
113
10 Va
..
.
1%
1%
1%
*103%
104
113
97%
-
24'A
52
78%
78 Va
78%
14
3,800
■
38%
38 %
*103%
27%
*27
28
*27
28
19
116% Apr
116%
Feb
107
28%
*6
52
*26%
6
27
103'A
110
100
6%
6%
50%
82% Jan
13
100
*99 Va
99% 100
7
52
*6%
52
25
1%
13%
*99 %
76% Feb
24%
•
33%
13%
No par
97%
27%
*63
24%
1%
1%
7
27
*102%
*21 %
110
63%
9% Feb
& Paper
Union Carbide & Carb
1
*111%
110
No par
9?
28%
24 *
22
*21%
110
v
10
Union Bag
19
107% 108
....
51% Jan
1,800
*112% 113%
19
103%
28
103%
24%.
112%
25
1%
i%
27
63%
*24%
25
*24%
97%
27
28 Va
21%
63%
63%
63%
108 ft
97%
27%
103%. 103 %
111
*110
107%
97%
108
No par
9%
79%
116%
116%;;.
113%
19
Under Elliott Fisher Co
79%
-
*112%
X
2,700
9%
*115%
19%
96%
27
78%
113%
19 Va
,
9%
79%
55%
55
57
9%
116%
*112%
*26%
96%
>
21%
21%
111
*110
*115%
19%
19 Va
19%
56
80
79
113%
,
9%
27
9%
116%
*115%
116%
,
19
5f%
9%
*
58
57%
Mar
Dec
X123
Aug
Jan
45
Oct
27
Jan
40
6
29%
Jan
35% Sep
2
80
Jan
110
Aug
28
113
Jan
150
Nov
38% Mar 20
15
33 Va Mar 23
34% Jan
100
102
Jan
4
110
—100
149
Feb
14
154
Feb
Feb
6% July
68% July
20%
7
39% Jan
Mar
Jan-
Oct
Aug
Oct
Volume 159
Number 4273
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND HIGH
Saturday
Monday
April H>
April 8
$ per share
$ per
Tuesday
»
.
share
STOCKS
Thursday
Wednesday
April 12
<
$ per share
>,i
,
RECORD
SALE PRICES
April 11
1571
$ per share
;
$ pev
v
NEW
the Week
April 14
,
$ per share
Sales for
Friday
■'
April 13
YORK
Range for Previous
STOCK
Range since January 1
Highest
EXCHANGE
Shares
share
Year 1943
Lowest
Par
$ per share
$
Lowest
per share
Highest
$ per share
$ per share
W
49
49%
49%
49%
llVa
11%
11%
11%
11%
•11%
27
26%
26%
*26%
26%
*106%
108%
*106%
108%
*50%
#26y4
*205
108%
50%
*50 %
*173%
11%
8%
■; 10%
11%
11%
*ll3/a
11%
*26%
2sy2
*106%
108%
51%
-
58%
-
11%
2
ssys
■
12%
12%
24
-
24
*22%
23
12%
*16%
17
*16%
*26 %
26%
*26%
12%
12%
24%
*23%
24%
*22%
23
*22%
*16%
17
*16%
26%
26%'
12%-
26%
«
8%
8%
8%
23 Ms
23%
23%
85
82%
82%
22
\
22%
21%
•
123%
86
86
101
100
*92%
93%
94
*113%
114%
*114
*18%
18%
83/4
106 %
12%
263%
8%
223%
83
21%
86
100%
101
8
106
29 ;■
43/4
28%
28%
28%
22%
22%
": 22%
22%
■'
96
96%
96
96
:
18%
*106
*27%
28%
108%
108 3/s
*62
65%
*62
..101%
*100
21%
21%
21
21%
2iy#
70%
70%
*70
70%'
70' >
>9%
20
653/4
*
46 y4
47-
,27%
27ya
22%
6'/a
*25
•25%
23%
71
:■
$4
273%
108
65
*100
6$r
*20%
70
i
59%
*68'%
*20'%
9%
-
:
23> ;
223/4
9%
9%
6%
>>- 53/4
22%
9%
6
*68
71
*68
*25%
26
*25%
26
■
8 %.
8%
8
8%
'
14%
-:
8%
*84
-
84
12%
*122%
•
*25%
—r
71
60
*81
38%
26%
»
26
26%
28
<
•83
,
64%
64%
■
—-
*120%
..*>
•
25%
>
383/4,
25% >
24%
25 %> ;;>/ 25%;
100
'
*
Apr
Oct
Nov
24%
Dec
-22
Jan
24% Mar 13
15% Jan
x91
Feb
*91'/a
100
58%
*58
58%
56%
61
*59
61
53
58
*80%
100v*
82
*80
64
65
64
*61%
/
>'
58
:
>
82
*80
*:
13
'29
Jan
100
Jan
136
Jun
Jan
40
July
31
Feb
16
22% Nov
108 7/a Feb
26
July
29% May
67% Mar 22
52
Mar
60
Apr
102'% Mar 22
85
Jan
99
Oct
20% Feb ; 7
66'% Jan 28
223% Mar 16
18
Jan
24'% July
72
58% Jan
71% July
par>
106%
Mar 17
112*% Jun
Jan
18
Feb
7
20'% Mar 29
15
Jan
20
Jun
20
Feb
7
24% Mar
8
13%
Jan
22 3%
Aug
Mar 23
3%
Jan
10% July
6% Mar 13
2%
Jan
7'% Jan 24
No par
1
No
5
-
Jan
II
26
X64% Jan 24
par
.220
124
,/
Jan
73
27
Feb
No par
8
Jan
Jan
2 Va
Jan
8
Jan
10
Mar 10
4
88% Feb
5
12'% Mar
19 7% Feb
18
36% Jan
3
6 3%
July
9 Va
Jun
14 % July
4'% Jan
16
57%
9%
Sep
20% Jan
-
105
22%
86'%
Oct
Jan
11%
Apr
115
-
Jan
9
Jan
9
.100
.100
preferred B
Prior pfd 4'%% series
.100
Prior pfd 4% % Conv series— .100
Jan~25
4
121
28% Mar 16
24*% July
42'% July
253% Oct
Jan
16'% Jan
27
105
Jan
27
104
Dec
149
Jan 12
94
Jan
12
1003% Oct
Jan
,94
Dec
17'% Jan
30'%
39% Jan 22
Sep
.
134
Sep
473% Jan
5
60%: Mar 27
44% Jan
54
Jun
49
Jan
5
61'% Mar 20
46
Jan
57'%
Jun
No par
81
Feb
4
87% Mar 14
78%
Dec
No
par
61% Apr
14
70
58 Va
Jan
25
(Del)
Jr
Oct
2%
10% Jan
6%
(Wm)
Apr
27
6
80'% Jan
Co—
86
5
3
Oct
Jan
6
.10
pfd—:
49
7'%
x20% Jan
9% Apr
No par
Co—
28
8% Apr
14'% Apr
3
12% Jan 12
-
Mar 15
25% Jan
4% Jan 14
6
._10
preferred
Wrigley
500
25
Mar 16
^^20
Wright Aeronautical
10
;
'
62
Jan
3
27% Mar
6
10
7
—...
400
;-v.: /
82
,:
,',61%
63
'2
800
58
,
35
12
Worthington P & M (Del)—No par
.100
7% preferred A
57 V"57
-
133
4
253/4 Jan
-10
-
81
129
99% Mar 21
8
Jan
32
24% May
19
2,200
'
-
7
127% Mar
.,10
'j
3
5% Mar 22
14
105% Jan
6,000
100
Feb
-59% Feb
Woodward Iron Co
800
in
58
41
••97% Jan
Woolworth <F W)
1
3
22
Motors
Wisconsin El Pow 6%
-J.—
>■
Dec
293% Mar 22
preferred
Wilson-Jbnes
500
387/«
25%
*91 %
*100'A 114
81
81
> 38%
•
$6
600
—
20%
383/,
114
>63
203/«
20
38%
*91%
r
*120'%
> *19%
—
I
,
12%
Sep
31'%
-22% Jan 20
preferred—2
conv
Jan
—1
Wilson & Co Inc
5,500
82%
._•
12%
20%
*100%
•
X82.
,
38%
114
,*58
>59
61
*81
•
12
6%
7
7'% Jan
—1
700
Oct
110
Jan
19
I
33/4 Jan
•
-
.-'-5
1
103
5
Apr
Wilcox Oil & Gas CO—
<
4
6%
Willys-Overland
-
Apr
32'% Jan
49 3%
17,600
83/4
20%
■
>91% 100
*100%
>
58%
*59
65
28
•
83
65
*120%
20% >20%
>
Prior
100
107
11%
White Dental Mfg (The S S)
I
>
13%
8%
1
Feb
273% Feb 23
Oct
16%
Oct
10,100
8%
85
12
38%
■;
83A
85
>
103
11% Jan
Jan
7%
13%
14
14
Jan
8%
.
20'% Jan
Jun
100
100
White Rock Min Springs
....
4
Oct
87 3%
119
250
White Sewing Mach Corp
$4 conv preferredi-^.:
8%
•'•' 7%
>
10
5%
White Motor Co
3,000
71
,,,
7%
12
85
12
*122
58%
58%
60
85
12%
9
*13%
8%
85
*84%
..*12
>
114
> 73/8
14%"':/
1173% Jan
2Va
No
.1,600
25%
Jan
96% Mar 23
1
No par
5%
*25%
Jan
3
1133/4 Apr
16% Jan
No par
:.9%
*68-;
.25%
83/4
7%
83/4
20%
100
*
-
!
8%
26%
•
58%
t/:>
9%
7%
*13%'
383/4
*91%
100
-
,
8%
12%
*100%
114
*91%
7%
"14%
38%
26%
*100'/4
-
*20%
>
39
26%
•
84
.
73/4
14%
*122
■
38%
.
8%
9%
8%
>
,
8%'
*12
20%
*20%
8%
8
14%
8%
85%
*12
8%
7%
*14
■'14%
8 3/4
-
25%
25%
57
109
•85'% Jan
37'%
'
;>
•:>;
99
13
12.50
preferred
53/4
:,•>
5%
Jan
Jan
Nov
Mar 22
i
Wheeling Steel Corp
$5 conv prior pref
200
67%
101
5
50% Mar 22
Wheeling & Lake Erie- Ry
5%% conv preferred;^
,1,600
Aug
16
,_50
Instrument
*9%
>./f9% ,>93/9
>v; >;>3%
71
>
22 3/4
■
Dec
85
Apr
No par
-
20%
22% > » v'«22%
,
20%
Jan
96% Feb
10
f 330
Jan
8
10
130
693%
8%
50 y»
Mar
>
■1,500
26'% July
79 3%
Feb
:j
207% ■"207%
-
■
Jan
24
-
8 Va July
Jan
Jan
89
•83
Westvaco Chlorine Prod_t^__No Par
$4.50
2%
17%
69
3
800
101'%
87% Mar 22
24% Mar 17
83
9
Weston
Elec
"3
Jan
-
Sep
Dec
July
No par
Class B_——,——2
90
63% Jan
77
18% Feb
:
65'%
.
26
6
6
100
107/
*62 ;•
-
*100
*20% '20'%
20%
*20%
I
-
Jan
Jan
10
Wastlnghouse El & Mfg
1st
partic- preferred—;
27%
17%
100
,1.600
•I'
273% Mar 16
Apr
23 Va
20'%
No par
Westinghouse Air Brake
i
Jan
Jan
-22% Jan 26
Supply Co
Maryland Ry__i
<5,300
96.
15'/a
12%
■i
Auto
2,000
.27,%
21%
68%
13,100
129%
7
4
-23
'10
Western
100
4% non-cum 2nd preferred—TOO
Western Union Teleg class A_No par
.1,800
15% July
32%
19% Jan
pfd—100
preferred
Western
a.100
'47 %.
*106'%
65.
21%
4%
preferred
July
Jan
Dec
22
23'% Jan
100
:
Oct
May
2% Mar
56
Jan
73%
*
Jun
1
_1
L.~
26
Mar 13
<
24% Mar 22
Jan
Corp—
preferred
6%
3
Mar 31
109
Feb
-16% Mar 28
No Hat
West Va Pulp & Pap CO—
150
34%
101%;
.
14
14
-22% Feb
_No par
No par
West Penn-Power 4'%%
.1,200
12%
,
*129
;
3
•22% Feb
Apr
100
Indies Sugar
1%
i 1,600
107
96
28
*
-113/4 Jan
West Penn ^Electric class A—No par
so
•' *33'%
:
1073/a* 107%
653/4
101%
*68;
-
96%
■
2
60
Jan
103
117% Mar 31
9
27
-1
preferred—*
Jan*27
13% Feb
-45
par
_5
Laa
Eisenlohr
conv
West
170
:
•
18 3%
-
No
22.y; >22%
'
i,\
8
.50
—..
27'% ,.27%
> 129'%..
69%
>
23
» 6%
6%
'*68
92%
46;7%
*33% >34%
21%
20%
22%
■
9%
6%
>
■
>70%
13
Jan
260
114%
125%,
%
..'27%
96
.
*129
.273/4
*62
■
22% >22%
963%
*100:
101%
*20
20%
23
9%
9%
*5%
*68
Jan
%
No par
No par
preferred
Webster
90
*
;
,99
43%
4%
"
>
4'%
100
9,000
87
*283% >28 3%
12%
108
70%
:
*105
.
4%
*27
21%
20%
>
183%
107
12%
34%
28%
107 %
4%
129'%
*27%
23%
87.
-
18%
13
96
*100
23%
Jan
Wesson Oil & Snowdrift
1,100
j
21% >22%
V/
;
*114'%
48 >%
*33%
65%
*20
4%
Wayne-Pump Co
400
10,300
>23.;.
,x92%
22%
'33%
-•
8
8
•
28 % '•28%
*128%
33%
1073/a
9'% Mar 17
Waukesha Motor Co__
•
29
96%
34%
101%
*62t
3
•
129 " >
.
*33
107% 107%
7% Jan
Co—2—,
Washington Gas Lt CflUi
93 i.<
.
•'
28%
*100
No pur
18% May
9 3% Jun
300
X99<..
27%
-
34%
no
Jan
Class. B
167%
*81% ..82%.
■■...
12%
13%
129
131:
*129
129
*33
54%
15 3%
Warner Bros Pictures:_5
Warrenr Fdy & Pipei_———No par
114%
93
1063%
*4%
22%
22%
Jan
5
800
'>*22'%
:
■
47%
.'28%
-
38%
Feb
$7
"
4%
-49
-
Mar 31
18
9,600
100%
114%
18%
29
:87
99%
.
■/;'•
.
/
■
21% >22%
115
18%
8
83
*85%
95
*114%
107
28%
12 3/4
27%
96%
*93%
48%
27%
129
-94
123/4
48
53
Ward Baking Co cl A
'»•
13
4
>3%
26
106 3% Apr
Dec
12
■>12%
>.*25%
;
23% >
22%
*82
■
22
85%
257/«
.4
28'/* July
40'/a
Feb
500
I
ll3/a May
Jan
17 % Jan
3,600
v
Jan
48
56'%
*16%
•v
Jan
7%
20%
12'% Mar
26y» Apr
1
105% Mar 27
100
2,100
22% >22%
17 >:..•:
25 7%
,
24%
8
11
No par
G & W
preferred
12%
'22%
*16%
.
59% Mar 13
27 Va Feb
No par
(Hiram)
Dlv redeem
Walworth
*
3
19
Walker
~
100
par
No par
4,200
>.13/4.
■
Jan
103/a Jan
40
No
23%
x22%
101
483/4
47%-
preferred-—_IQO
55%
12%
8%
114%
*106
4%
12%
~
47%
4%%
System
Walgreen Co
4%% preferred
300
10'%'
*1%
.
23 y2
223%
*18% ''18%
>'29
43/s
5
*4%
*12
,
■
114%
is y2
29..
83/a
,
17
*82
22%
' -
93
.
106 y2
29
29
94
114%
*18%
108
*106'%
*
RR
Waldorf
100
'
18'%
10%
'
57
12%
'87
*86
100
86 %
100
99%
108 5%
50.%
10 %'
'1%
23%
'
•
'
*85%
300
8'%
».
:
23
26
23%
*82%'
V
54%
12%
24
22%
*1%
60
*23%
85
22%
900
*177/a
50 %:
y«;'
8'%
r 93%
1%
58%
17
*
18
8%
11%
1%
*23%
8%
8%
10%
2
59%
*82%
8%
%
*106%
51 %>
..*17%
23
*22%
J
8
11%
1%
>58
58 y8
>*23%'.: 25
*
8%
*26 '/a
106% .106% :
*50%
18
18
'
11%
•
2,600
27
*11%
.•
Wabash
50%
50%
: •
■
>
■
11
*1%
1%
1%
51%
26%
.
18%
81%
51
263%
.
52
18%
■
513%
n i/2
*503%
52 T
8%
*57
51
.
8%
18
8%
51
■*17%
50%
*17%
50
,
Jan
12
108
Apr
70'% Sep
#y'
28%
28%
28%
28%
28%
10%
10%
10%
10%
10%
10%
10%
10%
10%
16
16
16
16%
16:
16%
16
16
35%
35%
35%
35%
35
35%' '■
153/4
34%
99
99%
99%
99%
99%
99%
15
15 '/a
14%
15%
15
15%
*28
,*10%
10%
16
35%
99
99
15%
15%
-
16%
35%
5
*
•
>-:>
.
28%
■
28%
28%
> /. '
i
28%
Yale &
800
Towne
Mfg. Co
10%
2,200
York Corp
16
2.500
Young Spring St Wire
1
Mar
30% Jan
8
113/4 Jan
31
21% Jan
34%
35
100/
100
14%
15
'
.
34%
4,900
> *14%'. 15 >
<
34% Apr
13
17% Mar
8
Jan
30
Jan
82
38 3/4 Mar 16
17% July
41% July
Jan
98
100
96
Jan
6
Youngstown Steel Door
No par
13
Jan
3
16 % Mar 16
9% Jan
16% Jun
1,500
Zenith Radio Corp—
No par
333% Jan
3
39'% Mar 16
19% Jan
6,900
Zonlte Products Corp.
1
33% Jan
19
5% Mar 25
37% July
■4% May
J
,
3
2.500
> 100
10C
143/a Jan
No par
Youngstown Sheet & Tube—No par
313/4 Sep
~7%
-
>:
•"
5V2V0
380
preferred series A
101% Feb
3
Nov
i
5%
5
5%
•Bid
363/4
36%
37
37
and
5%
asked prices;
no
36%
36%
36%
36%
5
5%
5
sales on this day.
36%
5%
36%
tin receivership,
a
>
5'/a
5
36%
.
■■■';
5%
Deferred delive ry.
Transactions at the New York Stock
363/4
,'
5
,
n New Stock.
1
r Cash
sale, -s Special sales,
wd When distributed.
>
> Week Ended April 14,1944
and Miscel.
Stocks
Total
Bonds
Bonds
■«,.'• '>.•
v
"
■;
..
.
'?
$4,315,500
$453,000
$92,350
6,636,000
885,000
11,000
V/eek Ended April 14,1944
$4,860,850
565,570
7,532,000
Tuesday.
732,090
9,096,900
1,158,000
5,000
718,410
11,013,300
742,000
18,000
Saturday
rT..,
659,590
'•*
Total.
8,975,400
596,000
45,000
9,616,400
477,220
7,995,200
220,000
22,000
8,237,200
3,517,780
$4,054,000
$48,032,300
$193,350
598,000
581,000
113,000
of
196,425
606,000
133,000
2,000
741,000
185,245
601,000
113,000
9,000
723,000
989,285
$3,440,000
$477,000
$16,000
$3,933,000
/
1
Total
7,110,389
3,517,780
69,190,994
S.
Government
;
Railroad
A
industrial.
Total
April 14
989,285
1,460,645
18,367,030
21,998,012
$3,440,000
$5,368,000
$58,591,000
$70,699,000
477,000
154,000
2,365,000
3,271,000
16,000
24,000
300,000
172,000
$3,933,000
$5,546,000
$61,256,000
$74,142,000
1944
1943
Bonds
$193,350
$110,500
$2,042,700
2,739,000
32,943,000
41,778,500
48,032,300
74,079,700
1,007,925,600
Domestic
$851,650
4,054,000
Foreign.
Jan. 1 to
1943
102,353,040
Bonds
U.
April 14
1944
1943
1943
Stocks—No. of shares
shares
734,000
—
April 14
1944
1944
Stocks—No.
Jan, 1 to
638,000
$5,000
—
—
-
Friday
Week Ended
Week Ended April 14
636,000
57,000
616,000
Total
$461,000
38.000
158,520
V
Corporate
$23,000
195,000
;
Thursday—
$52,279,650
Government
$438,000
175,200
—,
f
Wednesday
Value)
Foreign
Foreign
Domestio
78,895
Vtnnrtny
11,773,300
Friday
Shares)
\
10,259,900
Wednesday
Thursday
Bonds (Par
(Number
of
Sales
364,900
Saturday
./
Bond
Government
Foreign
Bonds
Ex-rights.
Daily, Weekly and Yearly
United States
Railroad
Number of
Shares
y
Jan
Transactions at the New York Curb Exchange
Exchange
Daily, Weekly and Yearly
Stocks,
x-Ex-dividends.
2
1,217,000,700
$52,279,650
Foreign government
Foreign corporate—
TotaL
$76,929,200 $1,042,911,300 $1,259,630,850
Stock and Bond
Below
are
Averages
stocks and bonds
the daily closing averages of representative
-Bonds-
Stocks
!
10
10
.
♦
■
•
20
IB
10
First
Second
10
65
Indus¬
Grade
Grade
Date-
Utili¬
Rails
ties
Bonds
78.14
110.79
100.76
Indus¬
Rail¬
roads
ties
Stocks
39.56
23.05
49.96
139.10
8
April
10
April
11.
_
April
12
_
April
13
April
14
_
-
_
"
Utili¬
Total
Total
trials
*
April
30
trials
Rails
107.14
106.94
,
40
139.11
39.72
23.02
50.00
107.14
107.07
78.39
110.80
100.85
138.74
40.17
23.10
50.07
107.10
107.32
78.97
110.79
101.04
137.98
39.84
P.9..0 q
49.77
107.23
107.34
79.09
110.74
137.65
39.68
22.90
49.62
107.07
107.40
78.62
137.69
39.54
22.90
49.59
107.05
107.71
—79.02
101.10
110.79
-
110.72
100.97
-
101.13
Monday, April 17, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1572
Bond Record «» New
York Stock Exchange
'
FRIDAY
Prirp*
Krvrirr
"and
ere
The italic
YEARLY
-
disregarded In the week's range, unless they are the only transactions of
in the week in which they occur. No account is taken of such sales in computing the range for the year.
the month when the bonds mature.
,
RANGE FOR WEEK ENDING APRIL 14
of the regular weekly range are shown in a footnote
the column headed "Interest Period" indicate in each case
and when outside
the week,
WEEKLY
-
Cash and deferred delivery sales are
defaulted bonds.
Interest"—except for income and
letters in
BONDS
Interest
Exchange
Period
t
If.
.♦
^47-1933
J946-1950
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2Vis
2'/2s
2 Vis
2Vis,
2'/is
2Vis
2Vis
2%s
2Vis
2%s
2,/2s
2 Vis
2Vis
2 Vis
2 Vis
2 Vis
2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
106.9
100.11
100.25
105.4
105.18
100.19
100.19
105.5
7*105.3
3-D
*110.20 110.22
*111.11 111.13
ell2.3 ell2.3
111.20
1948-1951
103.11
*109.18 109.20
109.3
111.9
*111.14 111.16
3-D
t
1945
-----1948
3-D
*107.3
1950-1952
1952-1954
1956-1958
M-S
*107.20 107.22
M-S
103.31 103.31
103~31
103.31
M-3
103.22 103.22
-103.22
103.22
J-D
*100.16 100.18*
.100.14
100.17
3-D
*100.6
—
ina? iS
W63-1908
-June 1964-1969
Dec. 1964-1969
—
106li
107.5
>
100.5
100
100.6
100.1
100.7
5
100.9
100.17
106.9
100.14 100.14
M-S
J967"*„?«
106.9
9
ip0.5
J-D
J-J
100.7
J-D
*104.9
*102.3
102.5
J-D
♦104.22 104.24
J-J
Treasury
*101.16 101.18
M-S
*101.8
*100.29 100.31
M-S
5
Treasury
J-D
Treasury
,
Owners' Loan Corp—
Home
M
series
lVis
.—1944-1952
1945-1947
A,
3s series
J-D
Transit Unification Issue—
1980
Corporate Stock
3%
J-D
1970
A-O
f $ bonds
s
(Republic of) 5s of 1914-
108%
(Republic of)
A7s
part
nart
sink
paid
sink
tund
tDept)
AAntloqula
1945
1945
AExternal s f 7s series D
1945
AExternal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd sertes__1957
A Antwerp (City) external 5s
1958
Argentine! (National Government)—
S f external 4y2s
1948
8 f ccnv loan 4 Vis
1971
8 f exti conv loan 4s Feb
1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5sof '25_lG55
External 5s of 1927
1957
AExternal
s
f 7s series B—,
External
s
f 7s series C
A
1942,
extl 5s of 1899 £
External g 4%s
1949
external 6V2s
Belgium
External
s
s
f 7s
(City) s f 5s
Sinking fund gold 5s
*
A6s
17
11
20%
-
18%
1
16%
18%
~6
16%
19%
59%
59%
1
56%
60
99% 1001/4
A-O
A-0
1957
J-D
Af-8
F-A
J-D
s
98%
25
92
84%
23
82%
4s of
84%
26
82%
92
94%
94%
10
92
94%
89%
90
37
88
30-yr 4s
—.—-.1961
1967
1968
3s
58V4
58"%
56%
56%
25
58%
40
A 6s
Wnr
*
10%
17
17%
10%
Q-J
*17%
*17
—■
14%
17
*14%
"j-D
'
——
—
•
22
11%
11%
10%
7-j"
11%
10%
10
9%
10%
14%
15 y8
17
*14%
*13
7-7
13
.
17
5s
external
sink
sink
35%
•f>?
1956
1965
1963
4y4S—
96
72%
80
1
73%
3
73%
*52%
55
110V4
106% 106%
—
50
—
15
109% noy4
106%
.6
,
■
98%
96%
A-O
98
96'%
2
96
97
94%
6
94
95
1960
21%
f 6s 2d ser——1961
A-0
21%
1940
1958
A-0
*20
A-O
*21%
loan
8
f 5s
ANat Loan extl
IA Poland
A4
s
gold 6s
(Rep of)
Vas assented
1947
1968
loan s f 7s
A4%s assented
AExternal
,
sink
fund gold 8s
A4%8 assented
—1950
1963
1961
8s
83
(State of)—
M-N
-»
*90'/s
—
■
—
*9oy«
—•
v.;'.
91 Vi
J-D
24
175
19%
23
1.417
19%
23
750
i-
4':
21
12%
21.:
24%
—
26%
4
14
21%
13
12
21 y2
36
39%
*38
_
38%
34
38%
*36%
'
'
-
——
——
;
'
31
101% 101%
*
*
50%
ioo y8
,
27
37%
50%
103
38%
38 Vi
5
35
33%
33%
34'A
104
30
42
42
39
42%
J-D
it«.
33%
33%
35
29
34%
M-N
36%
36 Vi
37
16
34
A-0
'
F-A
39%
34%
.
A-0
A7s external loan of 1926
1967
J-D
37
1964
83%
5
37
M-S
84 Vi
sink fund gold
17 Vi
20%
26%
J-J
F-A
-o23
...
n%!,.
19%
J-J
M-N
36%
16V4:|o24
16'A;,, 23
.-•17
'
J-D
93
*24%
A-O
J-J
«.
91
31%
10
>20%
A-0
>
104%;105%
__■•
35%
35%
.
—
-
'
*104'A
—
M-S
•
88%
16
'
M-S
—
87
•
93
1940
1968
1960
extl loan of 1921
85
•
M-N
APrague
54%
108%
:
.
••
2
15
37 Vi
34
37 y2
81%
84 Vi
101%
-
106%
103 Vi
For Financial Institutions
110%
104%
102% 103 %
13
102% 102%
2
101%
103
102 ]/8 102 Va
7
102%
103%
J-J
104
104%,
3
103 %
104%
J-J
104% 105 Va
10
101 %
105%
103
1
18
1942
M-N
18
16%
I960
A-O
Feb 1961
F-A
1961
F-A
18
1961
J-J
19%
J-J
18Vi
Sep
1961
M-S
1961
1962
ys
A-O
*19%
A-O
18%
FIRM TRADING MARKETS
19
A-O
SECURITIES
19%
M-N
1960
FOREIGN
28
2
1576,
100
3
•
19%
sinking fund 6s
97%
100
80%
__
27
assented
97
93
17
80
80 3/b
*95
77
1962
assented
93%
'
Sep
assented
sinking fund 6s
98%
,
98
J-D
extl
municipal loan
Santa Fe external sink fund 4s
80
J-J
J-J
M-N
100
,
98
22
V
Jan 1961
i 6s
•
.
>
36
-,
89
iiulr.
97%
M-S
sink fund 4'/2s
A 8s
Jan
assented
92
;
100 >/2
M-S
»Cltyi
A 6s external
Af-N
J-J
A-0
_
j
1
*100
F-A
1-
;%•'.•*
36
32
'--'v.v'l'<
100
89%
fund
96
100
17
32
20
36
35%
100
A-0
1944
6s
fund 4%s
fund
35 Vi
J-D
*81
sink
96
95%
18%
16%
■
17
13%
18%
16
*13
17
1957
1958
f
92
*96
14%
11%
r,
f 5s
92
Feb
sinking fund 6s
11%
10 %
*111%
94
96
1942
pnve
96
11%
98%
95%4
*94
19%
External s f 7s
see
89%
•
—
98%
18 Vi
18%
33
18 Vi '
r.ARL MARKS
'
A External
iflm
Rio Grande do Sul
27
assented
Ms
97%.
*90%
agree
59 y8
J-J
1954
8s
AExternal sinking fund 6s
A68 assented
A 6s
23
agree
57 %
,•47% -57
12
1958
A Extl
16%
16%
Q-J
1943
1945
49%
30
56
581/4
59%
50
77
15
s
12%
21%
■JL
21%
*10
AExternal loan 7V2s—
1966
(City of Greater) 7%s—1952
Queensland (State) extl 6s
_1947
A Rio de Janeiro (City of)
8s
1940
AExtl sec 6%s_
1953
77
1953
A8a
18
:
,
77
15
ADv external
,*15
;
(State)—
APorto Alegre (City of)
76%
Jan
Jan
A Extl
-*95%
A-O
94
s
99 Vi
98%
M-N
F-A
s
62 %
J-D
M-N
7s
(City)
A
South Wales
101
F-A
A-O
3s
(Rep)
A-O
19%
84
62%
4
'
47%
37
56
J-J
(City)
5,
20%
16
75%,
15
19%
84
M-S
External
102 '
16%
21
18%
M-S
series
99 %
101%
81%
1948
3s
34%
90
84
agree
102%
95
15
A Chile
34%
90
*18%
A-0
agree
100%
5
102% 102%
72
Jan
A Carlsbad
32%
'
1942,
101
*100% 101
95
2%s
—
92%
100
agree
1913 as«ent.
5, 1942,
101
100%
108
12
1973
1984
1900
external sit bonds
30-year
84
A-0
90%
77
Af-3
1976
1976
readj 4%-4%s
External s f 4y2-4%s
3%s
30-year 3s
92%
9
(State)—
A Stabilization
89%
Af-8
1977
External
(Dom of)
85
98
943/4
»
94%
ij
91
90
M-N
1945
Nov.
to
90
10
94
86
45
76%
1961
f 4%-4%s
25-year
1942,
5,
Nov.
to
92%
•v
J-D
1954
1910
6s ol
't I
92%
*87
86%
94 y8: 94%
56
*85%
92%
F-A
94 V*
84%
56
.
J-D
100%
93
84%
58»/4
90
—
A 7s
Refunding s f 4Vi-4'/2s_.
Canada
1942,
ANat loan extl s f 6s 1st ser
4
92%
58%
74%
*88
1970
1955
A Panama (Rep)
extl s f 5s ser A-1963
A Stamped assented 5s
1963
Stamp mod 3y»s ext to
1994
Ext sec ref 3Vis series B
1967
APernambuco (State of) 7s_;
1947
A Peru (Rep of) external 7s
1959
19
16%
19%
1957
'
5,
Nov.
to
Municipal Bank extl
20%
19
*19
*100
67 Vi
1959
1952
1959
Oslo
19
17
22
Aires
External
3%
19%
J-D
fund gold 6s
(Province of)—
stamped
Sinking
Buenos
20%
17
84%
8
1958
4s
M-N
M-N
F-A
A-O
J-J
M-S
Af-N
M-S
———1952
1957
.—1958
_1950
(Central Ry)
A7s
Brisbane
17
11
1941
f 6V2s of 1927
s
8
19%
J-J
J-D
lABrazil (U 8 of) external 8s
AExternal s f 6'/2s of 1926
AExternal
20%
19%
——1955
1955
f 6s
External
Nov.
to
External
54%
3-D
1956
of 1928
19%
18%
5,
5s of 1899
External
55
50%
.*
19%
Nov.
Assenting 4s of 1904
A 6s
*64%
*20
78%
74%
ASec external s f 6%s
1-1693
J-J
J-J
J-J
A-0
A-0
A-0
1943
coll 7s A
71%
*30
1943
assented
to
tUS)
A Montevideo
F-l
A-O
*54
2
ASec external s f 6V2s
M-S
J-J
1947
80%
77
*102%
1954
(Prov) 4s readjusted
Irrigation—
A4V2s stamped
Norway
1968
4s
69
J-D
i.S60
External
1948
6s
(King of Norway)
62
8
'
—
M-S
AJugoslavia (State Mtge Bk) 7s_=.>l'<57
AMedellin
(Colombia) 6%S—
1954
...
53
65
59%
78%
77
-
M-S
195a
1960
AAssented
*54
59%
86%
77
1964
1988
(Republic) s f 0s series A
Helsingfors (City) extl 6%s_
Haiti
Municipal
tund 6s
AGtd
1
; -
.
paid
A6s
•.
AGtd
stamped—
unstamped
New
Akershus
7s_
(Republic) extl 6s
Mlnas Geraes
(Colombia)—
149
77%
J-J
Wertheim & Co.
Mtge Bank
112%
139%
A-O
AAssented
Agricultural
107V8
104%
73%
F-A
1967
1945
1949
1949
100%
"l
65
*62
77 %
A-O
A Assenting
NY
27
21
111
65
A-0
1969
series
series
AAssented
Broadway, New York
66
57 Vi
13
105% 106%
148% 148%
J-J
1969
1st
jATrea.surv
St
13
*110
M-S
Foreign Securities
Govt.
13
26%
104%
A-0
sink fund 5V2s
series
AAssented
Foreign
66
37%
68
59%
104%
1961
A
120
6
37-:
....
*104%
A-O
;
1952
1942
Customs Admin 5%s 2d series
A Assenting
1
66
~
103%
J-D
Greek Government—
T eletype
37%
34
...36
T
37
103%
J-J
AMexico
2-2300
40
25%
J-D
8s ser A.1951
34
—
*103% 108
1945
Czechoslovakia (Rep of)
63%
46
63 y2
26
1953
5%s
wks
57'A
39%
37-
63 J/2
M-N
64
57%
1
M-S
1977
Mendoza
Exchange/
20%
30
63%
M-N
debt
external
Public
—
*36
1
-
F-A
7s
110%
4
63%
*36
J-D
1949
AAssented
Telephone
F-A
4%s
loan
Irish Free State extl s f 5s
119
45%
M-N
•r
1940
\
REctor
63%
17%
20
20
1947
1940
._1947
1952
1953
—1951
1949
external
Mexican
Members New York Stock
*16
63%
AEstonia
101.4
109% 110
109%
J-D
A-0
16%
15%
17
46
French Republic 7s
100.24
18
16%
17
45 >/*
Finland
York City
New
18 %
18%
16%
22
M-S
M-S
A-O
100.28
100.16
*102..2
*101.2
M-N
17%
1940
•
1944-1949
38
100.17
100.21
100.28
—
17%
16%
17%
63%
5 Vis 2d
10T5" 10T11
II
*101.10 101.12
*100.5
Af-N
17%
18
A-O
*105.10 105.12
3-D
18
J-J
5%s
*
Corp—
Federal Farm Mortgage
100.28
100.21
18%
34
A-O
101.6
100.5
30
el00.21el00.21
M-S
16
19
17%
1961
101.8
100.21
__
100.15 100.17
J-D
17%
17 'A
1901
8A 1st series 5'/2s of 1920
101.6
17
17%
1955
1962
f ADorainican Rep Cust Ad 5%s„_1942
104.8
101.8
18'A
'
Oct
5 A 2d
__
18%
18%
17%
16%
;
M-N
gold 5%s
External gold 4%s
v
101.10
5
M-N
External
*101.18 101.20
J-D
19
16
:, 17%
J-D
Jan
lADenmark 20-year extl 6s__
10T5I
101.31
'
104.8
_—
Treasury
A
*101.21 101.23
M-S
II
3
1928
A
104.11
M-3
18%
Sinking fund 5%s_
100.11
100.2
34
.18
>■
1931
5s
ASinking fund 8s series B___
100.11
100.9
High
16%
23
,
1927
4%s
*107.10 107.12
M-S
17%
of
External
*101.30 102
J-D
1951-.i9o3
*106.27 106.29
18
17
of
Cuba
57
100.4
100.3
100.5
J-D
M-S
—196
100
100.5
(Hukuang Ry)
ASinking fund 7s of 1926
A8inking fund 7s of 1927—
100.5
22
100.3
J-D
18
J-D
:'-••
(Republic of)—
Copenhagen (City) 5s
25-year gold 4%s___
A Costa Rica
(Rep of) 7s
100.5
/
•
Chinese
38
106T8
:ioo
J-D
1960
AColombla Mtge Bank 6y2s
—
100.8
18%
A 6s
*106.22 106.24
MS
Low
"2
18 %
18%
A 6s
103.9
103.9
103.9
103.9
a
Colombia
111! 12 112.6"
*111.21 111.23
3-D
January 1
*19%
1960
Cons Munic 7s
assented
A 7s
111.11
J-D
1960-1965
assented
A Chilean
109.12
*111.15 111.17
-
Treasury
106.27
J-D
Range Since
Sold
No.
High
•
AGuaranteed sink fund 6s
103.11
MS
1951-1954
—1956-1959
A-O
1962
1962
Bonds
Friday's
A-O
1961
A 6s assented
J-D
1961
AGuaranteed sink fund 6s
A 6s
106.24
103.8
*103.6
el06.27el06.27
MS
1961
1961
A6%s assented
112.5
MS
1957
ASinking fund 6%s
M-N
1957
Bank 6%s
Af-N
1963
A6%s assented
uTe" nTio
M- 3
1963
assented
A Chile Mortgage
*104.27 104.29
M -S
JSS'JSJi
1952-1955
—1954-1956
—1956-1959
2s
-----1947
2s
■
Mar 1948-1950
2s
——Dec 1948-1950
2s
<lun 1949-1951
2s
-Sep 1949-1951
2s__———-Dec 1949-1951
2s
March 1950-1952
2s
Sept 1950-1952
2s
—.—1951-1953
2s
1951-1958
2s
—1953-1958
lVis
June 15 1948
Treasury
102.29
105.27
J-D
—•—1951-1955
2Vis
Treasury
102.28
or
Low
^External sinking lund 6s
A6s
Week's Range
Last
Sale Price Bid & Asked
(Continued)—
(Rep)
Chile
111.23
105.27 105.27
J-D
"""ioEn"io««
.Treasury
111.14
No.
A-O
121«"iq4h
Period
High
*102.13 102.15
M-8
1946-1949
3%s
3Vis
3Vis
3y«s,
3s
3s
2%s
2%s
2Vis
2Vis
2Vis
Treasury
Low
*111.13111.15
_
3-D
1944-1954
4s
Tres nry
A-O
Interest
January 1
Sold
High
Friday
'
Stock Exchange
New York
Range Since
Bonds
.
Low
Treasury 4Vis
Treasury
.
Last
Government
S.
v
Treasury
Week's Range
or Friday's
Sale Price Bid & Asked
Friday
BONDS
New York Stock
*19%
18
—
__
18
19%
18
19%
18%
18%
18%
19%
18%
144
19
19%
-p.
18%
18%
19%
17
17%
19%
18%
46
16%
2
17%
19%
43
16%
19
6
18%
19%
31
16%
19
v
19%
19%
P.O. &
INC.
19%
1
19
.
__
18%
17
19
17%
19%
FOREIGN SECURITIES SPECIALISTS
i
.
50 Broad St., New York 4,
Telephone HAnover 2-0050
N. Y.
Teletype N. Y. 1-971
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
FOR WEEK
RANGE
York
Stock
Last
Interest
Exchange
or
Paulo
A
6 Va s
|ASan
(City of Brazil) 8s
extl secured
Paulo
f
8s
extl
water
extl
dollar loan
f
s
:
7s
1940
series
Silesia
A
33
30
63Vi
13
16Vi
112
11%
17
165/a
105
12
16%
17%
11
17%
16%
10
13
97
91
95
oil
extl
1958
J-D
*11
1958
J-D
*
—1955
f-A
*95
1946
F-A
>..56%. 63 Vi
*88
1960
M-l T
*86
,1964
M-N
*87
7s
f 5Vis
extl 8s
fund 6s
sink
sink fund
6s
15%
pflugfelder, bampt0n & rust
15 Vi
91
1979
M-N
89
V
extl conv
1978
3-D
71
10
63 Vi
63 Vi
63 Vi
1
60
66
66%
59
15
72%
J-J
*63
f-A
*14%
1958
F-A
14%
72 V4
™
17 Vi
'
Canadian National
1947
J-D
1946
F-A
1967
m-N
Express coll tr gold 4s
10-year deb 4 Vis stamped
Alabama Great Southern 3Vis
1st
Power
3%s
mtge
1972
*„
m-a
Guaranteed
gold
Oct
Guaranteed gold 5s
Guaranteed gold 4%s„
17
15%
Guaranteed
102
1946
,
&
Foreign Pow
Amer I
G Chem
102%
102%
99%
•67
76%
2030
M-S
94%
288
5 Vis
,,.—1949
M-N
109 Va
108% 109 Va
39
107%
109%
108% 109%
34
108
109'A
Central
181
117%
Central Pacific
103% 104
109
fund
110.
4
63
86
86%
8
76%
52
General 4s
105%.
105% 106%
J-3
105%
105% 105%
113% 114%
-
106 Va
114%
i—1958
1st 4s
122%
Nov
109%
123
108%
*110%
R &
4s
j-d
110%
109 Va
110%
1
;
;■!
AM
Atlanta
1st
1st cons 4s„„July 1952
&
coll
N
A™,——1964
unified 4%s
General
gold 4s
Oct 1952
1948
i
Atlantic & Danville Ry 1st 4s
Second
4s
mortgage
Atlantic Refining
*105%
™
1948
1953
—
deb 3s_—
M-N
106
M-S
100
j-d
98% 100%
3%s
4s
443
100% 102%
M-N
102
297
.41%
42
35%
89%
102%
.»
gold
1
Oct
1946)
y
1
*
88
87%
88 %
195;*
•
Ref
St
to
•
gen
Dec
ser
(int at 1% to
Sep 1 1946) due
—2000
Ref & gen ser F (int at 1% to
\
Sep J 1946) due
—1996
A Conv due
Feb 11960
Pgh L E & W Va System—
Ref gold 4s extended to—1951
^S'west Div 1st M (int at 3Va%
to Jan
•
1
—1950
1959
due
1947)
■Toledo Cin Div ref 4s A
4s
RR—
92
52
53%
1951
3s__1989
101
m-n
f-a
1946
92
228
41
July 1970
L 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
1st lien & ref 6s series A—;—1947
•"
Debenture gold 5s
—1950
1st lien & ref 5s series B
1957
{ABoston & N Y Air
Vis B__
1981
series C—1967
Pgh Ry—
^
modified
(interest at
Buffalo Gen Elec 4
Niag Elec 3 Vis
3%
to
due
1946)
1957
*—
{Burlington Cedar Rap & Nor—
S A 1st & coll 5s
r
—1934
A Certificates of
deposit—
1952
1955
Bldgs 5s gtd—_—,—1960
Bush Terminal 1st 4s
Consolidated
Bush
Term
5s
52%
v
m-n
52
53%
168
41 %
53%
38%
m-s
F-A
37%
39%
825
31%
41
150
81%
80%
81
Elec
Power
1968
3 Vis
Power 4s„_
1966
Canada Southern cons gtd 5s A_™.1962
footnotes
see
page
1576.
(conv),
*121
64
66
68%
78%
78%
78%:.',.
—.
29%
103% 103%
122%
120
~
120
21 va
72
30%
102
104
lOOVa
100%
105
104% 105
71
103
105 Va
104
104
104
15
103
104
106
104% 106
147
98
106
99%
104%
99%
104% 104%
467
84%
99%
136
92%
102%
56%
163.
*100%
j.j
7
~
.
94%
55%
55%
at-n
48%
63%
125%
86%
88
33
127
76%
*126%
88
52
53%
97
47
60%
68
69%
12
50
71
64
65%
59
47 Va
67
60%
61%
29
45
63
11%
12%
43
10 Va
a 1st & gen
13%
13%
5
10%
96%
97%
48
j.j
1966
6S Series b
May 1966
,
j-j
7
,
81%
137
74%
75%
93
69%
78
83%
84%
191
76%
86%
83%
83%
84
54
76%
86%
84%
j-j
80
74%
84%
85
43
77%
87%
58
1.097
45%
59%
1.215
11%
17%
A
May 1 1989
gold 3%s series B__May 1 1989
4%s series C
May 1 1989
j-j
j-j
83%
4%s
series
E
May 1 1989
j.j
AGen
4%s
series
F
May 1 1989
j-j
.
3 Vas
57
69
79
15%
16%
1987
M-N
75
75
75
89
1987
M-N
77%
79%
38
1987
M-N
51%/
§ASecured
98%
99 Va
A 1st
V
128
101
104%
106
105 %
A 1st
101
,
105% 105%
23
105 Va 105%
103 Va
9
102% 103%
j-j
f-a
13
•
j-d
m-s
97
96%
/
*92
87%
88%
60%
62%
Ia'
55%
109
109
106
•
•
•
"y" 7
1
•._,
92%
101,
1 *
•
105%
103%
tSAChicago
25%
97
103%
A
88%
74-
62%
Railways
Certificates
261
89%
83%
52%
62%
21
41%
58%
17
108%
109 %
23
v'-
109%
•
*102%
m-n
103
i
104%
—
6
"
37
104% 105%
12
*109%
108
94%
gold 4%s,,_.
Chicago St L & New Orleans 5s
Gold
3%s
137
55%
92
,
j-j
-79%
a-0
.
—
27%
104
107
111%
103%
67%
885
65%
68%
81
-
72%
13
72%
72%
73%
71%
212
61%
73
36%
45%
129
39%
51%
9%
10
332
93%
95
42%
48
47%
m-n
9%
J-D
95
73%
m-s
Union
44%
:
10
27
—
•
■'
1st
4s
ref 4%s series D__
Co
deb
21%
29
21
28
64 %
80
72%
84%
59%
77
—
74
89%
03
*
59
80
16
69
82
Cin
90
24
86
90
mtge gtd 3%s series
Cleve Cin Chic & St Louis
*
1st
,.1957
1952
General
gold 4s
E
67%
m-n
™
F-A
10
*
102%
105
104
106%
31
104%
105 %
74
11
55
72
73
31
53
68%
17
59%
16
108%
109 Va
110
111%
—
109%
110%
—
112%
112%
67%
108% 109
*111%
j-d
a;-n
1969
105%
*
__
i-L
J-D
97%
98 Va
J-D
99%
99%
4
101%
103%
Ref & impt 4%s series E
1977
15
108%
109%
Cin Wab Si M Div
1991
99%
8
95%
100
St L Div
1st 4s_—
4s
1990
.
74
70
—
1993
103%
74%
™
*110%
*112% 113
1993
108% 108 V4
74,
110%
44
105% 106
105
109
Ry—
—
1st coll tr gold
73
f-a
Union
1st
25
73%
a-o
mtge 3%s_
1967
Term 1st gtd 3V%s D—1971
93
79%
105
a-0
1966
Gas & Elec 3%s
92
.
74%
104% 105
,.
m-s
11%
95
89
2
9
109% 110%
104%
j-j
^_„„_™1943
5s
tAChoctaw Ok Si Gulf cons 5s
Cincinnati
j-j
1952
—19«2
gADebenture 5s
139
*70
■
110%
j-j
1963
1963
mtge 3 Vas series P
AChilds
.
—
8%
90%
84
35
Station—
mtge 3%s series E„
1st
56
—
75
68
924
42%
m-s
Dec 1 I960
1st
60%
43%
48%
'-•71%
a-o
Certificates of deposit
Chicago
•*■
72%
j-j
•
83 %
guaranteed 5s„
.
72%
—
80
88%
99
101%
82
109%
6
27 Va
103
108 %
17%
480
80
General 5s series B
a-0
11%
3-D
112%
.5.
27%
27%
27% :
15%
551
3-D
A
109
,1
—
»
a-o
49%
,,1951
Memphis Div 1st gold 4s
*
54 Va
16
Chic T H & Southeastern 1st 5s_„1960
Chic & West Indiana coin
55
59
84
Income
61
59
'80
102
61%
49%
57%
J-D
112%
96
50
44
66
66 Va
f-a
1934
1952
1960
1951
1951
gold 4s
7
—
104%
81
12
20
'
101%
101
112% 112%
F-A
:
"■.
111% 112 Vi
"
,
■*
103% 104
103%
J-J
'
77%
59%
71%
'
F-A
103%
deposit
§ASecured 4%s series A
AConv
79 V
80
95%
14%
14%
J-3
1927
..
of
v6,7.Va
77 '.
stpd
5s
1st
neid
fARefunding
■
56%
part
T?67 Va
76%
102% 103%
'*
m-N
{Chicago Rock Island &' Pacific Ry—
AGeneral 4s ™—,,1988
'
■
'
1949
series A
mtge 4s ser A w i,.—1989
2nd mtge conv income 4VzS w i—1999
.
57%
58
J-D
May 1 2037
1
93
J-D
4%s C
78
65 Va
67 %
■>
•'
t-.
78
75%
58
M-N
ref
&
A 1st &
*76%
J-D
AConv 4%s
101%
—1936
1st & gen
„
104 7/a
.
103
*103%
.„•
,
.
6%s
ref gold 5s„_
May 1 2037
ref 4%s stpd_„_,May 1 2037
&
78%
76%
.64
>
'a,65.%
33
78%
•
Vir65%
10
76%
77
49%
■
,,
1
f-a
76%
75%
85
13
m-n
76%
76 Va
73%
100
>
26
76%
38
100%
v
76
M-N
'
^
83%
64
,
1
76
M-N
85
129%
j-d
75
76
M-N
AGen 5s stpd Fed inc tax
a4 %s stamped
v
•,
m-n
75
M-N
1987
85
100%
j-d
M-N
1987
4s registered
AStpd 4s n p Fed inc tax
4%s stpd Fed Inc tax
74
3
m-n
42
1987
17
8
m-n
56%
15%
1987
V
100% 100%
j-j
56%
A-0
registered
85
128 Va 128 Vi
a-o
F-A
1987
,
,
3-D
r,
1975
AGeneral 4s
.
A-0
m-n
80
Jan 1 2000
34 %
•84%
f-a
Mtge gold 5s series A
adjustment 5s
A Conv
82
56%
42
14%
14%
97 Va
87
-
AGen 4s series
84
■
j-j
a-0
121Va
—
„
AGen
137
67
;
j-j
a-0
—
■
Ry—
A
ser
**
306
28%
28%
.
jIJ
«
1997
Louisville
•—
1
^Chicago Si North Western Ry—
AGeneral gold 3%s
C
California-Oregon
&
,
136
11%
,
•
California
109
61%
A
a-o
107%
106 Va
|f-N
;
m-n
106 %
tChic Milw fit Paul & Pac RR—
Buffalo Rochester &
Stamped
132 Va
j.j
AGen
53%
105% 106
1961
1960
7
12
*122%
-
AGen
53%
101
Buffalo
A
92%
36
/
1949
,,-.,1949
JChicago Milwaukee & 8t Paul—
r
52
105%
gold 4%s series JJ—„;
1st mtge 4s series RR™
A Inc mtge 4 Vis ser A„
101%
j.j
53%
52%
101
1st
100
108% 109
,
M-a
A-0
C„—:—1967
1955
79 Va
13
a 1st & gen 5s series A
58
A-0
1944
75
4
46%
—1956
1952
1959
—I960
1965
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A
1st M 5s series II
74
5
/
f
'
203
j-j
341
107% 107%
a-0
1949
101
96%
13
1
78%
135% 135%
109
J-3
J-3
104 Va
92%
j-j
1989
10O
100% 101%
101%
m-s
1996
mtge 4%s
Ind
77
35%
78%
Af-s
1996
30%
108 %
89%
91%
f-A
In*
26 Va
107 Va
,
101
1992
27%
21
101
f-a
m-n
1971
Refunding 6s
111
34%
A-O
1954
4s
inc
35 Va
Va
104 Va
1989
series
mtge
34a
34%
107% 108
f-A
AGen
37%
103
1977
5s
39%
29%
132
107%
M-'g
ref
92
30
37
*23
1958
AGen
88%
58
*99 %
debs
Consol mtge 3Vis series F
Consol mtge 3s series G
Consol mtge 3%s series K
•■<
General 4s__.—
&
83%
"38%
37
j-j
112
lll3/4
'
92
36 Va
36%
—
~8
103%
gold 4s
cons
Division
—
16%
91%
f-a
Br 1st 4s
1st
;■
*111%
54
41%
343
v
*51%
Beth Steel 3'/2S conv
30%
j.j
56%
j-d
debentures™
26
j-j
51 Vi
a-o
2%s
2
1947
3-D
1st 3 'As
1951
Bell Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2%s
,—1950
Beech Creek Extension
26
AGen
.52%
j-j
stamped
Sturgis 1st etd
Battle Creek Si
56
2038
105%
'
Bangor & Aroostook
Con ref 4s
53
88
"'.73%-
304
"
89%
92 '
-
3-D
Ref & gen ser D
•
2
/-j
,
1995
due
1 1946)
54%
1982
(int at 1V»%
C
54%
1983
••70%
(int at 1% to
due——1995
1946)
16%
54%
'mrnmrnrn'
Chicago Ind Si Sou 50-year 4s-,—il956
a-o
12 %
~
A Refunding gold 5s series B__,1947
ARefunding 4s series C
,1947
A-o
to
-July 1948
101
Chicago Gt West 1st 4s series A
•.C v
4%
due
Ref Si gen ser A
Dec
at
(int
13%
Chicago & Erie 1st gold 5s
'
mtge
12%
43
105
Stamped modified bonds—
1st
1^|4
36%
B
July 1948
4
90%
Chicago & Eastern 111 RR—
RR—
St Ohio
mtge gold 4s
50%
13%
13
1949
A
1st
91%
37 Va
12%
a-o
registered
tChicago
Baltimore
80 Va
114
37
7
*105% 105%
M-5
71
47%
46%
j-j
registered,,
1st
86 %
.
82%
68 Va
82
82%
33%
25
41%
35%
j-j
69
V
53
67%
gtd gold 4s_1949
1st ref
103%
68 Va
12
26
1st & ref 4%s series B
106
90% .100%
776
>86%
83
86%
j-j
104%
17
105% 106
101%
1987
consol gold 4s
Illinois
*•
Ry—
—1963
mortgage 3%s™,_
Atlantic Coast
L
Line
Air
Charlotte
&
-1946
gold 5s
& Nor 1st.
Knox
—
—
104
13
.
1962
Illinois division 3%s
110% 112%
•.
103%
a-o
t-AChicago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—
•
21
—
65%
" 106
34
j-j
'
j-d
107%
52
64%
j-j
1987
Y Power 3%s
N
A Div
2d
109%
—
111% 112
'111%
j-j
109
111
*105
j-d
123
109 %
110% 110%
j-d
;
3
52" "106%
-107% 109%
j-D
118%
106 %
38
122
108
AO
M-N
a-o
110%
107
' 104 Va
64
104
a-o
,1987
registered
Potts Creek
1995
109 Va
8
103% 103%
"
m-n
1959
Chesapeake & Ohio Ry—
General gold 4%s
Ref & impt mtge 3%s D
Ref & Impt M 3%s series E
106 %
105%
56 r
1995
Stamped 4s
—1995
Conv gold 4s of 1909
,1955
Conv 4s of 1905—,_™—.,,,,,,1955
Conv gold 4s of 1910
1960
Trans-Con Short L
102Va
112 Ya
6
114
,—
f-a
1959
Through Short L 1st gtd 4s
86%
105
26
F-A
A-O
Adjustment gold 4s
1945
1945
Nov
98
n
j-d
Guaranteed gold 5s
i960
§ ACentral RR & Banking 5s stmp_1942
Certain-teed Prod 5%s A™,
1948
69%
102%
>104
Topeka & Santa Fe—
Atcnison
4s
104%
107
65%
110
——1978
income debentures
7s
103%
9
65%
(Dell,1957
C
series
4s
1948
4s
registered
5s
•>•■
AGeneral
M-S
104 Va
111
64.%
104
j-j
{ACent New Eng 1st gtd 4s__—1961
{ACentral of N J gen gold 5s
1987
A-0
109
sink
100%
107%
86
10
*105% 106%
j-j"
1955
AChatt Div pur money gold 4s„_1951
AMobile Div 1st gold 5s
.,1946
Central Illinois Light 3%s
1966
106%
Q-J
105%
100 Va
-
104 %
115%
109%
F-A
.™„1962
debs.
U P 1st gold
17
103%
1st
Branch
106% 106%
Jan
1981
104
.
106%
A-O
3s
w
Corp 3%s debs
j-j~
M-N
deb
w
gtd gold 4s
ARef & gen 5%s series B
A Ref & gen 5s series C
■
94 %
86%
103
100%
21
103% 104
117% 117%
Co
104
18
104 Ji
104 il
M-s
,
'
117%
Tobacco
Corp 5s
1st
A Cent
87
iMayi
AAnglo-Chilean Nitrate deb™
1967
Ann Arbor 1st gold 4s
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B
1955
& Adir
Ohio 4s
tCeDtral of Georgia Ry—
A 1st mtge 5s
5 A Consol gold 5s
M-S
Wat Wks & Elec 6s series A—1975
Am
93
110% 111
j.j
—i960
101
is—Ul—1952
J-D
101%
104 }A
103% 104%
j.j
1954
4Vis
Clinch &
Celanese
91
76%
M-S
Amer
trust
Celotex Corp 3%s
99
2
194*
gold 5s
102
107%
debentures
conv
trust
100
57
,.1956
.1962
3s
equipment trust ctfs
Cart
105 Va
—1961
1966
111%
95%
100 Va
M-N
104%
.
llOVa
84 Va
7
„1950
104%
debentures
35
100 Va 100%
Carriers & Gen
147
97
91%
95%
95%
98%
2
94
95%
108%
5s
-89%
101 % 102
103%
110%
F-A
107%
48
debentures™,,
21
j-d
109% 109%
104% 104 &
3Vis
113 Va
M-S
105% 105%
3 Vis
117 Va
1965
Telephone & Telegraph Co.—
American
115%
111%
Carolina
F-A
Corp conv 5%s—,,,1949
Internat
Am
8
11
104 %
1951
conv
bonds
Called
116% 116%
V 112% '113
110% 110%
89%
101% 102%
118%
*
a-O
j-j
33
117%
117%
F-A
1949
126
101%
102%
104%
•
{§ a Carolina Central 1st gtd 4s
A-0
conv
■
117
104 Vi
deb 5s
Allis-Chalmers Mfg
116
6
1956
101
A-O
76%
116
8
118Va 118 Va
103%
J-D
95V?
1
117 Va 117%
'
103%
102
95%
117% 117%
"
Collateral
1998
Alleghany & West 1st gtd 4s
Allied Stores Corp 4%s debs
Am
109
100%
A-O
107
103
A-O
,1949
—1950
income™.*™,,,,;™™-,,,-'—1950
j-j
105 Va
gold 4%s
1951
Canadian Northern Ry deb 6Vis„_1946
Can Pac Ry 4% deb stk perpetu&l
.
modified,"
4%s
j.j
J-D
1955
6
100%
99%
*93
A5s
1969
.1970
118%
105% 105%
105%
116%
Coll
97%
A-0
5s
gold
High
l,uW
1
104%
™
108%
a-o
r
5s
January 1
NO.
117% 117%
2
108
assented™_,_,1948
registered
j -j
July 1969
*
Albany & Susquehanna RR 3Vis—1946
3Vis
J-J
Range Since
Sold
Higtt
1
104
*93
:
A-O
Alleghany Corp—
5s modified™,
1957
Bonds
Friday's
103
102 Vi 102%
*104%
or
Bid & Asked
74%
™
•■104
Week's Range
Last
Sale Price
69
69
*103
J-J
Albany Perfor Wrap Pap 6s,,.,,-,-1948
warrants
gold 4%s
62
.
109
J-D
Coll trust 4s of 1907
with
Interest
,
gold 5s„
10
J-D
1953
1948
Teletype—NY 1-310
Bell
,
Guaranteed
—1953
AStamped
York 6
New
V
Friday
Exchange
Guaranteed
{Abitibi Power & Paper—
6s
Stock
72%
10
15
Exchange
Low
Railroad and Industrial Companie*
series A plain
Slock
72%
65 Vi
F-A
A*Via assented
65%
60
1978
external 7s
90
72%
1984
.1958
3%g extl readjustment
(City)
York
•
BONDS
New York
65 Va
M-N
4-4%-4%s extl readjustment
Alabama
Neio
j*
Telephone—DIgby 4-4933
™
70%
70%
1979
3%-4Va-4ft
Adams
■
Period
conversion
External
§A5s
Broadway
91
89
Members
61
($ bonds of 1937)—
readjustment
request
35 %
15 Vi
16 Va
Mortgage Income Bonds
WRITTEN
on
44
2
M-N
^Republic)
AWarsaw
2
63
-;v
38 %
1962
A External
:
A-0
New Railroad Second
Circular
35 Va"
extl
s
334s-4-4%s
•
35 Va
35 Va
sec
A External
External
J-3
M-N
tProv
Uruguay
44
Prospective Prices of the
44
39
44
38 %
M-S
1962
B
(City)
34%
(Kingdom)-^
A4VaS assented
Sydney
<
external
secured
A 7s
j.1956
;
40
38%
*42
a Discussion of the
High
30
*26
J-J
1968
Serbs Croats & Slovenes
A 8s
J- J
Low
35 Va
34
*33 %
1938
loan
A 7s
A 6s
M-N
January 1
No
High
*38
„
1950
(State)
IA Secured
M-N
,1957
s
external
A 8s
A
1952
Range Since
Sold
39
r.rno
ASao
Bonds
Friday's
Sale Price Bid & Asked
Period
ENDING APRIL 14
Week's Range
Friday
BONDS
New
RECORD
YORK BOND
NEW
1573
8
88%
1
99 Va
57%
98%
100
71%
J-J
71
69
71
404
J-J
65
64 Va
65
36
53%
67%
94
19
82
94
M-N
94
92%
THE COMMERCIAL & FINANCIAL CHRONICLE
1574
YORK BOND RECORD
NEW
RANGE FOR WEEK ENDING APRIL
BONDS
Last
Interest
Exchange
Stock
New York
or
Friday's
Low
"
-1970
Cleveland Elec Ilium 3s
Cleveland
Series
C
D
3%s
ref 4%s series B
gtd 4%s
Cleve Union Term gtd 5% 8—
1st s 1 5s series B gtd
Cleve Short Line 1st
C
1st s I 4%s series
F-A
3-J
Co—
111
317
75%
83
91
104
105.
111
52
104%
32
103
64
105
105%
39
103%
*109%
109
*109% 111
108%
109%
113 Vi
113%
112
131
F-A
*
*113'/#
—
1
44
122 Vi 124%
123
May
110%
12
109%
111
111%
40
109%
113%
113 Va
F-A
~8
102%
109%
3
109% 110
109%
3-J
101%
103%
103/
103% 104%
39
103%
107
106% 107%
14
105%
3-J
108
107% 108
22
107 Vi
103%
103% 104
9
3
46%
58
J-D
*—
J-3
56
*__
59
—
-
III & Iowa
107%
108%
A
110%
103
103 %
108% 108%
110%
110% 110%
103
103
13
103
YD
18
38%
72%
1
53%
41
58%
65%
2
62%
68%
51%
8
39
53
50%
8
40
17
100
51
107
N
105%
2
107
91%
862
79%
7
105%
53%
55%
F-A
1st
6
5
36
6%
4 Va
102 %
34
'41
8
5
-187
-
58%
78
41
/'•'
95%
99%
100
86%
81%
81%
3
71%
85
Southern Ry 1st 3s—1950
84
224
69%
Apr 1950
J-J
84 %
82%
84%
127
72%
84%
1960
J-J
108%
17
1077'8
109%
1987
J-J
114%
114%
&
impt
5s_„
City Term lst 4s„_
lst
34
1
42
J-3
98 '/a
J-3
107%
24%
26
35%
•108%
23
109% 109%
109%
102
7
34%
35%
•/
a-o
107
m-n
ref
&
Coll
ref
&
—
106
—
107%
112%
148%
104
68%
102%
99%
104%
97
101%
70%
258
64%
106
*106% 107
102
10
103% 103%
■
Af-N
*102
J- J
100
56%
51
107
175%
5
107%
108 Va
5
109
7
106%
107%
103%
104%
4
3%
3%
,.8
99%
100%
76
98%
3
98%
21
93%
107
110 Va
'
*103 %
M-B
100%
3%
3%
A-O
/
3%
M-B
1943
1953
F-A
99%
99%
F-A
99%
■
99% 100
100% 100%
99%
,
97%
Dec
f 4%s A
1975
1954
j-3
102% 103
1954
J-3
103
97
v
97
—
*93
60
J-D
60
—
-A lst
mtge income reg
89%
100
100
,
97%
92
A-O
*102 %
US
97
F-A
*
3
Lehigh Valley N Y 4%s
Valley RR—
stamped modified
'
1
54%
100
42%
ext
,
registered
56%
54%
5s
stamped
'~3
2
102 %
97%
"2
65%
75
90%
75
65%
79
70
78%
77%
86
84 V2
71
78%
J-J
95
86
90%
68%
F-A
70 %
~7
65
68%
62
56
69%
76%
35
64%
80%
78
78%
T
Af-N
—2003
2003
2003
4%s registered
:
...2003
5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd.l
1965
Libby McNeil & Libby 4s
1955
Liggett & Myers Tobacco 7s
-—1944
4s
130
42
275
56%
gtd 5s
;
%:•'_.
78
—1974
1954
1950
-
Harbor Term
71
*77 %
F-A
1974
Lehigh
103
103 %
•
100 %
77%
.1964
^
stamped™
Leh Val
104 Va
98%
5
100
-1964
lst & ref sink fund 5s
103%
103
97
—
97%
9G
i.__1954
-
stamped
5s
'.
106 Va
97 Va
9
*90
F-A
stamped.-
67
60
16
103 %
1965
5s
75
117
102%
s
15 <
61 %
"
104%
102
40
129% 129%
100
174
109 Va 109 Va
107
98
92
1
108Vs 108 Va
M-S
97
90%
"%!'•"
J-D
lst & ref sink fund 5s—
102
103
103% 104%
M-N
J-J
J-J
65
91%
■
..
98
1997
1997
3%s
Lehigh & New Eng RR 4s A
106%
20
■
175% 175%
:
Lehigh & N Y 1st gtd gold 4s——-1945
Lehigh Valley Coal Co—
lst & ref, sink fund 5s
1954
148 %
102%
106
101% 102
i
A-O
99%
Cons sink fund 4%s series C
i
92
af-n
65
62
1960
1.
registered!
3%s
•
80
69%
*94
5%s series D
Lake Sh & Mich Sou gold
37%
110
1
104
J-J
1961
.->1950
.—1959
! Coll & ref 5x/2s series C
108 7/a
92
101%
*97
*98%
1997
1954
lst 5s
6 %s
J-J
J-J
^1961
A
J-J
1954
unguaranteed—.
51 Va
15
1961
1961
_1961
Laclede Gas Light extd 5s
100%
102%
110
3
107
*150
;j-j
__
Lautaro Nitrate Co Ltd—'
*113%
j-j
*115
84
34
28
'
1
107% 108
A-O
108
108
51
92
U-N
13
13
13
Yd
13
*103
U-N
97%
11%
18
13%
13
11%
3
103
103%
15
98%
47
1
44'
236
33
40%
40%
Af-N
41 Va
13
34
43 Va
46%
47%
127
37
48%
35%
46%
42%
46
1
•54-
56
109
75%
77
•-
Af-N
55%
A-O
77
'.A-O
46
J-J
-
106% 106 Ya
103
F-A
-.
'
/
64%
56
v
123%
,78
125%
1
105%
107
5
103
104 32f
120%
122%
104
20
103'
120% 121 %
.
44%
,'T'
23
125125
"A-O
1951
debenture
43
43%
:
modified.*.
97%
'
14
1962
1950
1949
1949
—.1949
1951
Long Dock Co 3%s ext to-^
13%
Long Island unified 4s
103%
Guaranteed
98%
4s
ref gold 4s_
stamped.—
.1963
Louisiana & Ark 1st 5s series A
1969
Louisville Gas &-Elec 3%s
—1966
J-D
J-J
102%
J-J
29%
28
30%
J-J
66
66
66
J-D
106 %
1947
J-D
;
*99
1961
J-J
109% 110
1952
1977
3-j
1946
3-J
32
48
68%
103
"
112%
'.1st
•
105%
48
108%
16
5s
111%
4%s series C_
mtge 4s series H
mtgel3%s series 1
-1946
1967
104
76
106%
132
98%
105%
104%
75
102%
104%
3-J
103%
3-J
104
97%
102% 103%
102 %
53
103%
98
374
91
ref
65
2
65
12%
105
14%
Gulf Mobile & Ohio 4s series B
1975
J-J
98%
98%
99%
10
AGen mtge inc 5s series A
2015
J-J
77%
76%
77%
59
1952
J-J
1961
■
89%
99%
66
87
A-O
1969
Af-N
/
1576,
47
104
105
119%
120%
102
103 %
105
•
105
119% 119%
2
A-O
103%
103 Va 103'A
21
J-J
99%
99%
57
93%
109 Va 109 Va
10
109%
110
102
102%
'
w
U-S
98%
*102 Va
/•".
—
Mob
South
8
106% 106%
—
106%
99%
106%
106
105 %
105 Va 105 %
30
99%
A-O
102
101% 102%
123
94%
J-J
102%
102% 103
1946
^-.1980
.1945
Ry joint monon 4s
.—1952
1955
4s
•
106'A
25
F-A
103%
Af-S
96%
'M-S
8
102%
2
106%
103% 103%
12
96%
*104
J-J
97%
27
103
104%
107%
104%
94%
98
104
__
104% 105:!'
Af-N
105%
102 %
"
107% 107%
J-J
108
107%
104
A-O
A-O
Montg lst gold 4%s
&
106%
2003
:
Paducah & Mem Div 4s___
St Louis Div 2d gold 3s^_—
*97
99
104% 104%
104%
>110
112% 112%
9
10
104
101%
105
112
112%
92
J-D
U-N
*69%
69%
70%
*1167/a 117%
90%
99
90
52
65
75
14
68%
77
Af-S
*57%
1959
Af-N
*34
1941
J-J
105 Va
AManila RR (Southern Lines)
111%
325
64%
'
'
*§ AManitowoc Green Bay & North¬
131%
85%
92%
103%
14
69%
67%
45
64%
M-N
104
130%
133
90
,
99
74
J-D'
110
15
111%
*131
Af-N
98%
63 %
J-D
lst gtd 3%s
4s
Shovel
s
f 6s__.... 1947
105%
56
116%
70%
117 Va
73
*84%
A-O
*102 %.
A-O
Steam
Stamped
J-J
—
1943
series A.;
Gen mtge 4%s series A.
Marion
M-N
.
1960
Maine Central RR 4s
western
4%»
1999
?§AHousatonie By cons gold 5s_
1937
Houston Oil 4 Vis debs
I~Il954
Hudson Coal 1st s f 5s series
A
1962
Hudson Co Gas 1st gold 5s
„194g
104%
Sugar 4s sink fund__Feb 11957
AManila Elec RR &. Lt s f 5s—1953
,
H
£??r!ng Valley R* lst
104
J
F-A
A-O
Manati
series D
105
104% 104 V*-
11
M
Ship Island RR—
f 4 Vis
103%
Af-S
17
13
14%
stpd
•' :/"/■
*104
65
14%
.
—2003
ref 4s series D—
Atl Knox & Cine Div
98
65
Feb
B
97%
Feb
AGreen Bay & West deb ctfs A
:•
...
2003
&
&
''
4s series G
-
Af-S
Af-S
Unif mtge 3%s series A ext—1950
Unif mtge 4s series B ext...
.I960
113%
112 %
100
7'
—
.
*108.
,,
Af-S
1945
lst & ref 3%s series E
111%
105%
112%
;
A-O
2003
gtd 4s
series B——:
ref
&
lst
107 %
78
112
Jeff Bridge Co
Lou &
;
;
/U-N
Louisville & Nashville RR—
104'/a 105 Vi
1047/a
General mtge
22 %
105% 106%
106%
General 4 Vis series E___
101%
18
debentures
lst
106% 107%
112% 113%
J-J
J-J
64
124
102% 103
J-J
1973
page
86%
3
80
•
1976
see
77%
52
106 'A
102% 102%
General 5s series C
footnotes
384
4%
84
104%
1
99% 100
100
U-S
General 4 Vis series D_
For
86%
4
deposit
18
50-
a-o
1949
series A
Gulf States Util 3Vi*
83 5
84%
1955
A-O
93%
1956
1950
General 5 Vis series B
s
74%
1936
of
105%
105
1956
Grays Point Term 1st gtd 5s
Gulf States Steel
305
72%
JAKreuger & Toll 5s ctfs—
50
Af-N
.
1st 4Vis
ref Terra M 5s
103
83%
100% 101
93%
111%
82%
Goodrich
&
100%
81%
*97% 100
101
3
110%
8
1949
1st
100
~5
83
Jf-N
26
1
93 Va
1934
&
99 %
F-A
3-J
f
84
110%
92
Oct 1 1945
Gulf
108 %
100
111% 111%
a-o
Castings 5 Vis
ctfs
105%
105
83
111
2
JAGeorgia & Ala Ry 5s
ADebentures
104
6
100
109%
12
JgAGa Caro & Nor 1st ext 6s
Gen
6
107%
''
coll trust 6s
Gen
65%
57%
104%
107
107%
A-O
20
110
106% 106%
1982
deposit
4Vis
59
104
■
Gas & Elec of Berg Co cons 5s
Northern
134
M-B
59
A-O
3s
Great
60 %
A-O
J-3
Mem Ry—
tittle Miami gen 4s series A.:
of claim)„
F)
57%
98%
Lorillard <P) Co deb 5s___
(B
43%
1972
Koppers Co lst mtge 3%s
Kresge Foundation: 3% notes
54%
Food Machinery Corp 3s debs
Steel
5
1952
Kentucky Central gold 4s
105%
/a Certificates of deposit
Gen
50%
50%
78
Kansas
tFonda Johns & Glover RR—
Francisco Sugar
57%
3-J
98%
49%
J-D
J-D
of
43%
75%
Kansas City
6%
40%
105'/a
Af-S
(Proof
24%
44
1947
Kings Co Lighting
125
281
110%
3-D
1974
A Certificates
16%
52%
1955
Kings County El L & P 6s
5%
49%
J-D
ref 5s series A—
$A2-4s
113
49%
1947
ref 6%s__
8
4%
u-s
1943
1959
&
a 1st
: 34
22%
49%
98%
9
55 %
*105%
A-O
East Coast 1st 4 Vis
jFlonaa
57%
21 %
J-J
1944
Plain
102% 102%
—1958
Flintkote Co 3s debs..
JAFlorida Cent & Peninsular 5s
'61%
55
21%
B
Stamped
af-s
1961
Rub 3s deb
"47%
$5 ■"
A-O
78
4s
&
103 Va
J-J
4Vis
Firestone Tire
101%
J-D
55
48%
MS
US
10
1961
56
3-D
.1971
103
.102.
106%
1959
45
.1965
3 Vis
60
104%
Laughlih Steel 3%s
&
5s
mtge
,62
59
~3
4%
46
4%
A-O
J-J
Div
Ohio
103
44
3
106%
106
3-J
fund 6s series A_
&
195
54%
48%
F-A
1947
A-O
61%
86%
4%s
extl 1st 4s——
100% 102
K
105%
90
53%
j-j
Y & Erie RR
102
72%
68%
102
Kanawha St Mich lst gtd gold 4s._1990
108
105 Vi 105%
J-J
.2015
131
98%
B
Kentucky & Ind Term 4%s
.1995
52%
52
1970
series B—
188
F-A
Jones
91%
91%
J-3
mtge inc 4Vis series A—
AGen
65%
James Frankl & Clear lst 4s
101%
.1965
1st cons M 4s
63%
M-B
Railroad Co—
Erie
63%
J-J
JAIowa' Cent Ry 1st & ref 4s_____1951 V
Ref
Af-N
•
J-D
54%
.1950
.1962
57%
1956
gold 5s series C„
series
A Certificates
A-O
1st cons gold 5s— .1995
78%
247
1952
Int Telep St Teleg deb gold 4%s
Debentures 5s._.
3-D
4Vis
15
70
tKansas City Fort Scott &
§ A Refunding gtd 4s
100% 101%
101%
J-J
1978
91
68%
*63%
A-O
v
88%
69%
72%
58%
1
51
51%
51%
65%
51
Fuel 3 %s_.———
91%
*92%
1956
5s
1st lien
62
58 %
J-D
.1948
Ry Minn Nor Div 1st 4s
.1956
Tenn Va & Ga Div 1st 5s—
Empire Gas &
77%
.1950
Int Rys Cent Amer lst 5s B
99%
59%
72%
3-J
1946
stamped
67%
_1963
,
gold 4s_
Lehigh Coal & Nav
5s
69
J
J-D
Adjustment 6s- series A—July 1952
Ref sink
46
99%
51
99%
J-D
1955
3 Vis
72%
1963
Internat Hydro El deb 6s
Internat Paper 5s series A &
95%
40
99
*58
J-D
1st
A 1st
108%
4s
Elgin Joliet & East Ry
El Paso & 8 W 1st 5s
72'/
65
F-A
JAlntcr-Great Nor- 1st 6s series A.1952
-
8
U-N
U-N
"
(NY)
J-J
817/s
59%
"•
1951
series A
A 1st
*_
11
111% 111%
A-O
1946
Auto-Lite 2Vis debs
77%
"77%
90" :
"
72
'76%
J-J *
64 Va
100
97
1
72
72%
»
5
„
71%
72%
59
•
Ed El 111
48%
2
■i *84% '
F-A
59 %
2
M-N
1995
1961
Dow
1950
Dul Miss & Iron Range Ry 3Vis—1962
|§ADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3%s
1965
Elec
85%
79%
45 Va
109
1st gtd 4Vis
1947
Detroit Edison 4s series F—
1965
Gen & ret mtge 3 Vis series G—1966
Gen & ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
East
62%
A-O
112
tADes Plaines Val
East
77
67%
"
99 'I"'
Inspiration Cons Copper 4s__
111
—1955
& Tunnel
Chemical deb 2 Vis
58
60%
326
60%
*
74
29
55
'71
;
J-J
f.
81%
.
%'
99
J-J
V
1951
78%
60%
*87%
105%
111
'—
gold
99
108 7/a
109%
consol 4s
1936
{AConsol gold 4 Vis
1936
iDenver & Rio Grande Western RR—
A Second
61 %
3-D
J-J
;
62 %
*109% 110
108
Hudson 4s extended—1963
Power & Light 3s
1973
Detroit Term
F-A
,
T61%
*108% 109%
—---
series B
85
»
M-a
*110% 110%
2—:
Assented
77
83
3-J
Af-N
§ A 1st
A
74
75%
84%
45 %
56
J-J
Delaware &
ARef & impt 5s
73
75%
103%
56%
3-J
1st mtge 3s
'970
Dayton Union Ry 3Vis series B—1965
AGeneral s f 5s.
81%'
tAInd & Louisville lst gtd 4s
1956
Indianapolis-Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F__19614
M-N
~
gold 3s—
lst & ref 4%s series C
107%
A-O
lst ref 5s
Joint
105%
A-O
1952
RR— r
Div 1st
i Western -Lines 1st gold 4s
Ind
Dayton P & L
& Rio Grande
1966
70
238
78%
79%
U-N
65«
65
64
77%
79%
111 Cent and Chic St L & N O—
113%
111 x
—
D
Delaware
100%
'
1969
1950
1955
1942
tDenver
103%
*97%
U-N
~
Cairo Bridge gold 4s._
..1950
j.Litchfield~Div 1st gold 3s__1951
Louisville Div & Term gold 3%s_1953
i'St. Louis Div & Term gold 3s«
1951
Gold 3%s_—
-—.>-.1951
Springfield Div lst gold.3%s
1951
110
J-D
1366
debs
f debs
jACuba Northern Ry 1st 5%e
A Deposit
receipts
A Cuba RR 1st 5s gold
A Deposit
receipts
A7 Vis series A extended to
A Deposit
receipts
A6s series B extended to
A Deposit
receipts—
Curtis Publishing Co 3s deb
1953
Omaha
1970
Co 2 Vis s I
65%
32%
96% *97
77%
J-J
1953
.
110
mtge 3Vis
27%
__
U-N
——1952
—
*98%
A-O
—1955
,
40-year. 4%s__;
109
U-S
;
*113%
mtge 3 Vis
i_
:
lines: 3%s
Collateral trust gold 4s
105%
A-O
3-J
1st
High
55%
1.
M-B
„
1952
Refunding 5s
'
1967
Crucible Steel 3Vis s
—
104%
J.J
1st
r -
103
3-J
Refunding- 4s_
63 7/a
62 Vi
102
*101
A-O
Collateral trust gold 4s
91
104
63%
102
J-J
gold 3%s—..
1951
gold 3 Vis———1951
lst gold 3s sterling——
1951
91%
1905
mtge 3 Vis
Crane
-
3-3
.1956
3 Vis—
1st
f 90
J-J
lst
-
Af-N
1948
1950
•
1958
3Vis—1951
jAConsol Ry non-conv deb 4s
1954
A Debenture 4s
1955
mtge
98 »/4
1961
mtge 3 Vis
Low
63%
28%
iox
100
62%
27%
{■
Extended lst
98 Vi
Purchased
debentures
debentures
3Vis debentures
Consolidated Oil conv deb
1st
102 Vi
84
91 Vi
96%
97 Va;
M- N
3%s
1st
100%
92%
54
91 Vi
A-O
3%s
Consumers Power
101 Vi 1021/4
i
.
A-O
f 3%s A_
Consolidated Cigar 3 Vis s, f. debs.1953
Consolidated Edison of New York—
Debenture 4s——^——
January 1
98
101%
63
28
...
"
A-O
,
95
2
1951
Conn River Power s
Feb 1957
Illinois Bell Telep 2%s series A—1981
Illinois Central RR—?'/
i lst gold 4s—•
1951
,;
—
1958
3%«
Ry & L 1st St ref 4%8„
F-A
Sold
No.
Nigh
107
106
AAdj income 5s_
J-D
extl gold 4s—1948
Columbus St Sou Ohio El 314s——1970
Columbus ft Tol 1st extl 4s— ,—1955
ACommercial Mackay Corp—
Income deb w w
Apr 11969
Commonwealth Edison Co—
1968
1st mtge 3%s series I
A
102
A-0
Columbus St H V 1st
debs
Hudson St Manhattan 1st-5s A——1957
107%
106
—
100% 100%
A-O
—1961
Debenture 5s
*106 Vi
A-O
gtd 4s
Colo Fuel & Iron 5s inc mtge..—1970
Colorado & Southern Ry.—
4%s <stamped modified)
1980
Columbia G & E deb 5s
May 1952
Coal River Ry 1st
*106%
Low
Range Since
Bonds
Friday's
*108
F-A
or
Sale Price Bid & Asked
Hloh
107
*107
U -N
1981
1961
1972
1973
1977
1945
General 4%s series A
Conn
106%
1
107% 107%
J-J
1948
1950
1977
gtd
gtd
3'/is
Series
Conv
Low
Week's Range
Last
t
Period
January 1
No.
Hhah
Friday
Interest
Exchange
New York Stock
Range Since
Sold
Pittsburgh RR-—
St
Gen &
BONDS
Bonds
Sale Price Bid & Asked
Period
11
Week's Range
Friday
Monday, April 17, 1944
*102%
84%
101
..
102
101%
__
102 Va
Market Street Railway—
1945
1955
Q-A
98
McCrory Stores deb 3%—_
A-O
*105%
lst 4%s series D
1960
Af-S
*109
1950
A-O
*94
(Stamped mod)
Metron Ed
ext 5s
Metrop Wat Sew & Drain 5%s
96%
98%
__
105
■
110
110%
96
,
92
98%
105%
J
111%
94%
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
1575
NEW YORK BOND RECORD
RANGE FOR WEEK
ENDING APRIL II
'
Stock
Last
Interest
Exchange
High
Low
f§£Met
West" Side
EI
(Chic)
4S_'_1938
~r-a
:T
—
1951
M-S
95
1952
M-N
*103%
1979
J-J
84 Vi
1940
A-O
62 (4.
t§AMilw & Northern 1st ext 4%s__1939
J-D
Jack Lans & Sag 3%s
1st
gold
Ref
&
;
3%s
impt 4%s series C
*§AMidland of N J 1st ext 5s
:
A§Consol ext 4Vis
1939
•'
1947
1941
J-J
1st 3%s
ext
50-yr 5s
102
73
1998
J-J
85%
2014
A-O
43%
1961
F-A
Q-A
Nortn
™1974
M-3
1974
M-3
1st
62 %
1
55
70
97
101
V
102
■
15
75%
84%
68%
14
59
69%
77%
77%
83
1949
1962
series A
M-S
Q-F
*4%
7%
159
11
10
10%
Gen
1938
1946
5 Vis-;
Alst & ref 5Vis
J-J
J-J
1990
1st 4s
J-D
a
ref
1st
Montreal
Constr
Constr
M
.CI
59
61%
76
288
80%
93%
12
67%
80
92%-
92%
J-J
79%
79
93 %
79%
J-J
79%
78%
79%
61
67%
80
33
108%
110
5
111%
112%
Northern
7%
:
1st & ref mtge 3%s_;
64Vi
73%
\
53%
♦
64%
65%
36
57%
34
;
fOgdensburg $ Lake Champlain Ry—
§ Alst guaranteed 4s__
1948
61
57
/«74
■
Ohio Edison
Nat
•
MS
28%
; M-S
mtge 3%s
,546;
29%
28
66 %
66%
12%
A-O
66%
F-A
66%
68%
M-S
72
69%
68%
1
12%
222
305
i
26
70%
105
gold 5s
...1946
J-D
1964
J-D
108%
1961
J-D
w."
70%
1st
& ref
1st
mtge 3%s series H
48
Pacific Tel & Tel. 3%s series B
A-O
1966
1955
J-D
Panhandle East P L 3s B
1960
M-N
Ref
3%s series ^C_^
s f gold 4%s
mtge
95%
101%
48%
59%
107
47%
61%
Paramount Broadway Corp—
1st M s f gold 3s loan ctfs
>1955
56%
Paterson & Passaic G & E cons 5s_1949
M-3
109%
110%
111%
*109% 110%
M-S
M-S
A-O
General
N
Y
Ref
&
&
Conv
.
N Y
V
gtd 4(is—
Guaranteed 3%s trust
105%
8
103%
107%
103% 103%
">•' 5
102%
103% 104%
29
103%
105
100%
101
115
116
101
101
-
1960
1974
Ref 4 Vis series C
1978
1st mtge 3 Vis extended to—.
1947
Y Connecting RR 3 Vis A—,——1965
Y Dock 1st gold 4s_
1951
Conv 5% notes
.-1947
Y Edison 3 Vis series D
—1965
1st lien & ref 3 (is series B_.
1966
N
»,
N
N Y
series
A
& Erie—See Erie
84%
921%
115%
117%
General
4%s
M-N
123% 124%
26
122%
124%
General
5s
F-A 1
*82'/a
A-O
106
J -J
101 VB 101%
J- J
99
103
Gas El Lt H & Pow
Mtge 4s series A-—.———2043
Mtge 4s series B_
—
2043 ;
;
99%
67%
99%
93%.
-
\y
102%
105
96
100
* 62
75
97 ./"■
J-J
91%
»
:
Peoria
deb
deb
3Vis__—
ANon-conv
deb
4s_—
ANon-conv
deb
8
:>
I
85(4
F-A
F-A
v-:
■
Pere
68%
1st
4s—
h
104%
M-S
>
77%
78
73%
86
A-O
1940
.
1957
:
t A Harlem River & Port Chester—
i—
1954
JAN Y Ont
^"Wesfref goid~4s—II1992
A General
N Y & Putnam
N Y Queens
_1955
4s
74%
9.<
1st
cons
gtd 4s——1993
88
-
87%
•.
114%
71%
Corp
1st 3Vis
gold
§ A General
Terminal
15AN Y West
see
114%
115%
*101% 103
page
•'
81
•
55%
55%
45%
60
'"45%'
4-'
46%
42>
62%
477
50 %
92
92
93
"i 68
59%.
29%
30
290
58%
61
320
M-N.
29%
59
;
*'•>34 U
M-3
A-O
14%
-
5
64
M-N
106
13%
15
4%
5%
62%
64%
J-J
105% 105%
J-J
108 % 108 J/2
F-A
J-J
1966
M-S
7
'•
582 i"
•
■
>28
43%
13
29
117%
107
97
102%
A-O
108% 108%
71
106
1984
J-J
108%
108%
25
105%
108%
108%
—.1952
A-O
100%
100% 100%
122
99%
101 %
1947
M-S
2
110%
112%
-I960
A-O
73
49
55%
Apr 1990
—
Apr
>34%
1974
1956
F-A
46
•
16%
48%
102%
-
"
108
71%
'
34
'■
99 Va
105%
93
92
94 (4
105
87%
8
90
2
123
82
105
123
123
95%
106
105
*121
;
23%
101
„
92%
'
•
93%
J-D
35 Vi
98%
99
'■
•
M-3
73
*106%
■'
.
J-J
1980
1952
"
110% 110%
J-J
,.1956
series
4
F-A
.1974
B_
131
1973
1949,
1937
1945
1st M 3%S3%s
El Pwr
1st mortgage
J-D
ref mtge 5s
ref mtge 8s
Public Service of Nor 111
106%
3%s-
64%
143
27 %
157
4
105
105%
5
104%
106%
10:
105%
7
107%
-103%
*104%
''
',
F-A
*123
M-N
—
Reading Co Jersey Cent coll 4s
Gen & ref 4%s series A
Gen & ref 4Vis series B
48%
Rand deb 3Vis
.1951
*123%
—
118
J-D
18%
"■<
17
104
104%
112%
113
113%
113%
115
>122%
123
—
123
123%
2
116%
118%
7
118
116
118%
A-O
118%
118% 118%
J-J
106%
106% 107
24
M-S
102% 103
J-D
102% 103%
106%
107%
31
102
19
102%
104%
103%
103% 103%
104
25
101%
J-D
69
71 %
24
59 %
A-O
68%
71%
40
58%
71
67%
71 %
72
58
71%
J-D
I
--
.
'
70%
A-O
107%
J-D
*107%
..
F-A
*121
71%
107%
—
J-D
J-D
90%
J-J
M-S
*__
J-J
86
53
91%
99%
77
102% 103
102%
105%
104%
•
__
109
•
102%
•'
28
*109%
M-N
*106
'
J-D
*147%
'pirn'
—
A-O
98% :
;
98%
1
*
107%
147%
147%
224%
224 Vi
6
109%
111%
8
97
100%
104
—
109% 110
Vi.!,
98 Vi
110
106%
107
109%
30
110
—
*221% 224%
•'
17
10
28 %
98%
28 (A
>
109%
102%
—-
2
102% 102%
M-S
93
103
105%
100%
*109
*111
■}
,
87%
111
31
109%
,
Gen mtge 4%s series C—
Rpvptp CoDDer & Brass 3 Vis
A-O
99% 100
__
94
101 (i
28
94 V2
101
105% 105%
34
104%
106
104% 104%
11
104 VA
106
104% 104 %
13
104'A
106%
101%
102%
J-J
101%
100
101 %
J-J
101
101
101
-1956
J-J
Republic Steel Corp 4 Vis series B„ -1961
108%
^
—
_1997
Remington
7
—
115
.1997
14
130
—
113% 115
F-A
F-A
20%
29%
9
104
—
*113
M-N
—1977
11
87
10
101'A
112%
...
*112 Va
■
•
J-J
18%
109%
6%
28%
R
108%
13
100%
*104
■
J-D
65 Vi
95
7%
74.
9
67
5%
108
13
17%
■27
9 Vi
101 %
111%
37
38%
15
;
52
34
111%
103
'
1950
1966
2037
1968
102%
101
-
F-A
J-J
ref mtge 3s
&
8
*7%
A.
101%
M-N
1973
2037
1st &
.110%
Vr
J-J
1st
33
8%
—
F~A
1968
31%
111%
106% 106 Va
■
M-N
•: 63%
124
108%
26%
—
J-J
1957
1956
3%s
132
121
105%
63
27
*
M-3
1951
Public Service El & Gas
94%
105% 105%
63
J-J
M-3
M-N
IA Providence Securities 4s
94
93
107
24
,102% 103
103
Pressed Steel Car deb 5s
j A Providence Terminal 4s
99%
37
111
*.■
1962
5s series B
*
...
'MS
,
74%
36%
107
105"% 106 Va
J-J
J-J
■
gen
Potomac
'64
9%
108% 109%
28%
108%'
J-J
110
31
*14%
F-A
1946
V
106%
*111% 112
46
111%
■101% 102%
u.
>102
59%
,
'45%:
,
5s
102%
A-O
•
•v
98%
—1970
—-1981
series B
gen
1st &
106%
333
61
82 I"-'"
J-D
108
102 Va
124%
1st 5s extended to
61
46%
57(4
56V4>;
-
1
102
,
115%
5s series C—
1974
series D
lOV*
Pittston Co 5% inc deb——__—1964
r jrtland
Gen Elec 1st 4%s
—I960
1st
60%
.
60%
110% 111
1576.
46
■
55-
,
109% 109(4
102%
18
1st 4%s
87%
60%
:
108
109%
A-O
117 % 117%
AConv deb 6s_i.
l it
82%
■
,
79;
\
104%
71
2
56(4
57%
'
\77
4 ;■
>
55%
55%
102%
,
114;
r u
'\f ^
56% '56%
56
56
:
*
86
55%
A-O
5
82 Vi
86
M-N
10
102% 102%
*8S%
1st 4Vis
27
103
—1967
3Vis series B
footnotes
109%
103
M-N
Niagara Falls Power 3(is
For
109
111
J-J
1st gold 5s
& Bost
106%
U
105%
J-J
4Vis
gold 5s
N Y Telephone
89%
100%
108%
'
■
>1109% "
.1937
1937
1940
1943
15 AN Y Susq & W 1st ref 5s
5A2d
78%
35
110
81
109%
109%
20
M-N
117%
—
102%
107%
105
-
104
102%
109
1949
Seriis F 4s guaranteed gold
1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4s
1960
Series I cons 4 Vis
1963
Series J cons guaranteed 4%s—1964
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
Gen 4Vis series C
1977
Pitts Coke & Iron conv 4%s A
1952
Pitts Steel 1st mtge 4%s
1950
1st mtge 4%s series B
1950
Pitts & W Va 1st 4%s series A
1958
1st mtge 4Vis series B
1959
1st mtge 4%s series C
1960
Pitts Young Si Ash 1st 4s ser A—1948
104%
101%
20
110% 110%
J-J
109
Series E 3 Vis gtd gold—
67%
*105
M-N
109%
J-D
Pittsburgh Cmc Chi & St Louis—
Beries D 4s guaranteed
71
"
8795%
>16
114% 115 >-
F-A
109
Phillips Petroleum 2%s debs——-1964
*75%
'.95%
189
i
108% 109
*109
M-N
t§APhiIippine ,lty 1st s I 4s
ACertificates of deposit
100
A-O
109 %
106%
1968
Marquette 1st series A 5s
4s
106%
108%
109
4s ext
4s
109%
105%
63
109(4
91%
62%
/ 462
1963
Rys prior lien 6s stamp-
N Y Stpam
1;
89*
108
85%.
•■63
67
95%
109
,
121
gold 4Vis—
Eastern
109%
37
105% 106 Vi
F-A
Philip Morris Ltd deb 3s
-1962
3s debentures
—__—1963
97
65
i'
55
'
■75%
69%
•.;> 25
71%"
1965
1958
El Lt & Pow 3 (is
109%
U
*108% 109%
109 Va
gold. 4%s series C,—1977
coll tr 4%s
1961
Phila Electric 1st & ref 3Vis
1967
1st & ref mtge 2%s—
-1971
67%
78%
-
71%
:-106% 107%
106%
A-O
J-D
106
6
Pekin Union Ry 5%s
General
71%
*,
>83%
114
:
A-O
M-N
107%
106
*105%
59
^Philadelphia & Reading Coal—
A ref 5s stamped
87';
.>
280 -1
*
102% 102%"
A-O
J-J
4s
106%
109
General
*' y
59
207 >
85%
75%
93%
J-J
Alst & ref 4Vis series of 1927___1967
108
90
109%
Philadelphia Co
'82
>. 647 +. .>•...•56%
r »'63
212
102% 104%
95%
J-J
5 A Collateral trust 6s
ADebenture
14
107%
111 Va 111%
gold 4%s series C
Phelps Dodge conv 3%s deb
Phila Bait & Wash 1st gold 4s—
80
69
26
97'.'w
♦
65%
67
A-O ;
A-O
109'A
107
123% 124%
1st
82%
69 if".
vr
70
71%
F-A
6s__——1948
deb
101 Vi
109
107
F-A
*
80%
73%
T
i-
24-
79%
*60
F-A
1954
1955
'-1956
—
92
116%
101%
•1
101% 101%
101%
■
89%-. 91%
•
certificates 3Vis—1956
ADebenture
AConv
3Vis_
Si
A Income
86%
•61"
•'
94%
J-J
——1947
ANon-conv
ANon-conv
85%
115
111%
Peoples Gas L & C ref 5s
75
.
; 71%
72 V
i 72 :•?>:
19
73%-; 75%
A-O
M-S
4s—-.
'
116
123%
3%s___
deb
Conv
104 </2
103
7'
66 %: 67%
-
M-S
deb
110%
104
J-D
Gen mtge 4%s series E
10i> '!
67(^
69% ' 71%
-71
M-N
1947
ANon-conv
.
—
10
F-A
B
lOl'/a
"57
99%
series
>'94%
•;
*103%
J -J
J-J
*..
108%
—
1965
series A
General 4%s series D
11"-
f 78%
79
79
J-D
104
1974
108%
2
r
74% ;76%
M-N
A
* 25
103%
67%
77
F-A
110
104
103
5
108% 108 Va
*106
-
.1969
3Vis
105%
■
741;
-1973
IN Y New Haven & Hartford RR—
Lack &
4 Vis series B
N Y
?
78% 1,78%
M-N
Y
i
103
98%
67%
A-O
West 4s series A—_1973
N
-
103
'103%
.7 2
99%
98%
,
A-O
J -J
Debenture
107
D
ser
"
RR
gold 5s„-1948
Purchase money gold 4s__
—1949
Y & Harlem gold 3Vis
2000
N Y
N
5 Vis
109%
—
J-D
Pennsylvania RR—
Ccnso! gold 4s
—-1948
4s sterl stpd dollar
May 11948
Gen mtge 3%s series C1970
Cons sinking fund 4%s™
-I960
York Chicago & St Louis—
Ref
N
>
19
•
—1997
.1998
-199ft
—1998
1998
108
M-N
F-A
debentures
20
-
*63 (4
-—1952
3%s
; 116%
A-O
Hud River 3 Vis—-1997 *
registered
Lake Shore coll gold 3%s*
3 Vis registered—
>Mich Cent coll gold 3 Vis
3Vis registered
■
92%
ref
&
4Vis
92%
84
38
92%
91%
F-A
impt
secured 3%s
11
J-J
1st
116
2013
5s series C—.———2013
J-D
..1963
Penna Power & Light
J-D
A-O
3Vis
New
£21;
115%
91%
91%
A-O
-1945
105 %
108% 109
J-J
103%
—
—
106%
104%
*91%
1952
1968
107%
-
~
104%
--
1944
ctfs D
Pennsylvania Ohio & Detroit RR—
1st & ref 4Vis series B™__.—1981
90
-
24
Peoria &
impt 4 Vis series A—
Cent &
90
107% 107%
M-N
series A——1998
Central RR 4s
Ref
82
95>
104% 105
87%
89
•
1954
110
4
**
'/
Co—■
111%
1
Pennsylvania Co—
Pennsylvania Glass Sand 3%s
107%
J-D
111%
10
F-A
174
43%
110%
105% 105 Vi
«*—
;
108%
110%
110% 110%
■'
:
99
16
20
,106% 106(4
■.
j,..
J-J
98
**
108% 109
5L-,
>' *»!—''
.
1966
128
56%
108%
110% 110%
106%
J-D
Paducah & 111 1st
-•
*98Vi
J-D
100%
-s
f
J-D
„
>'94%
Ry—
deposit
105 %
Pacific Gas & El 4s series G
deposit
of
103%
107%
72%
~
111
■
-
1949
series A
18
J-J
111%
J-D
F-A
ACertificates
104% 104%
106%
55
F-A
Newport & Cincinnati Bridge
110%
114%
105. 106%
61%
—1956
5(is
Alst
....
.
108
22
F-A
deposit——
84
"'111%
deposit
of
108% 108%
1971
J-D
1954
of
108%
1970
59
series D—_——1956
4(is
J-J
1966
1965
C—.
108%
*.1961
1962
1st & ref mtge 3%s series I
1949
B
108
.
.
Pacific Coast Co
60
UN
§ANon-cum inc 5s series A——.1935
ACertificates of deposit—;—_—-
ACertificates
105%
*107% 108%
22
1st & ref M 3s series K
1960
tNew Orleans Texas & Mexico
ACertificates
104
105
2
108%
105 %
v
105
108
111%
60(4
55%
105
105
108%
108%
58
M-N
•
J-D
■
^
71
■
*100% 101%
J-J
Alst
110%
103%
'
J-J
104%
1978
3%s
of
109%
107
i
.1946
;
'5
60%
RR gtd 5s
.1945
4s_
.
,—1945
New England Tel & Tel 5s A
1952
-1st gtd 4(is series B
1961:
N J Junction RR gtd 1st 4s———1986
N J Pow & Light 1st 4Vis
1960
New Orleans Great Nor 5s A
-1983
N O & N E 1st ref & imp 4 Vis
1952
New Orl Pup Ser 1st 5s series A—1952
: 1st & ref 5s series B
-—1955
New Orleans Term 1st gtd 4s_—1953
series
108%
6
107
*103%
72
"
.
*_-
M-N
72%
,59%
•
58%
AConsol gtd
5s
107%
J-J
109%
:
M-N
fANew England
ACertificates
106%
106%
108% 108 Va
108%
J-D
56%
.
2 >.■
,
J-D
1947
gtd 5s
■
*<55%
M-N
1955
1955
1968
3 Vis
111
J-J
1951
1958
2000
gtd 3Vis
68
109
J -J
Alst
J-J
59%
J-D
»
20%
104%
3
13%
56%
205
*104% 105
J-D
series
15%
16
105(4,
1946
1st & ref mtge :3s series J__.
F-A
;
JANaugatuck RR 1st gold 4s———1954
Gas cons
—1948
5s
31
19
106% 107%
.1946
Oregon-Wash RR & Nav 4s
Otis Steel 1st mtge 4 Vis ser A
68(4
9%
1st 5s
Guaranteed stpd cons 5s_
72%
57%
•
117
69%
67
111%
ext
69%
66%
"
56%
100
66(4
70
Oregon RR & Nav con gold 4s
Ore Short Line 1st cons gold 5s
56 %
.
67 "
Newark Consol
Alst
17%
19
105
1966
30
25.V
69%
*66
„——
.—1981
fund debentures
1st rhtge 3s
Steel
J-J
M-S
..1945
22%
•
73
12%
M-n
1949
1980
3%s
Ontario
56%
66%
66%
Elec
69%
389;;-
68%
M-N
1978
& St L 4s series A
3 Vis sinking
National
111% 112
M-N
..11972
&
Gas
Transmission
56%
66%
1977
A-O
Prod
IU7/8
1967
mtge 4s_
Oklahoma
56% •72%
*66
.
Prod 3Vis debs
Distillers
M-3
1965
1st mtge 4s__
1st
N
Dairy
109% 109%
65%
Secured 4s_».
Nat
;
1964
109%
100
Gtd 4s series E trust ctfs
Nash Chatt
F-A
1967
1st mtge 3(is.
(Wise)
76%
.
Co—
Power
States
(Minn)
5
56%
166
71
59%
63
;v-
—
1960
Mutual Fuel Gas 1st
51
103
J-J
100"
184
65%
69%
deposit
Mountain States T & T
11
74 %
impt 6s series B1_™_™2047
1st
____1975
4Vis series B
M
59
73
&
73%
/
104%
63%
A-O
1st
59
74%
"
series A
5s
59
J-J
2047
2047
5y
2%
58%
1965
1st & ref 3%s_—1966
Essex
&
Morris
64
Q-A
registered
impt 4Vis series A
&
Ref
48
& Co 3s debs
Morrell (John)
53
1
69%
G
5s
375
6(4
66%
1st gtd gold
Tramways
64
38 %
66%
debentures™————
Montana Power
60%
6(4
F-A
4Vis
mtge
64
2047
216
4s—1991
■Monongahela Ry 3 Vis series B.
1966
Monongahela W Penn Pub Serv—
6s
Q-F
impt 5s series D_™.
deposit
of
ACertificates
94
Jan 2047
Id gold 3s
&
57%
gold 5Vis
Alst & ref gold 5s series H
ACertificates of deposit.
Alst & ref 5s series I
Moh'k & Malone
99%
88 Va
Ref
51%
AConv
'••••*
116
92%
38%
of deposit
of
116
120
11
29%
55%
deposit
series
5s
125 %
236
2
1963
—
Certificates
125
94
2047
A-O
ref 5s series F^.™.,
&
Alst
*__
I
46%
131%
——,
..
129
99%
impt 5s series C
Jan 1967
5s series A
Certificates
*127%
47%
27
131%
92%
&
*76(4
J.J
1978
D
Alst & ref 5s series A
A
131
131%
86'A
95%
Ref
tMissouri Pacific RR Co—
Alst &
43%
38%
•
of
37%
..V
94
40%
J.J
4s_,
82%
93
43%
99%
30%
70
1902
Certificates
37
43 Va
Q-J
10
*101
J.J
40-year 4s series B
Prior lien 4Vis series
A
86(4
42
43%
.
*
1962
A General
85%
.
—
Q-J
39%
64 Vi
Prior lien 5s series A
adjust
—
29%
MS
1959
1st 5s
Missouri-Kansas-Texas RR—
A Cum
High
110%
104%
_1997
38%
"
1978
series B
Mo Kansas & Texas
A
^
37%
37%
J-J
1949
ref 6s series A
A 25-year
Low
102
10
prior lien 4s__1997
81
J-J
*
t A Missouri-Illinois RR
5s
37%
J-J
§ Alst stamped 5s gtd as to int__1938
.
A
38
J-J
&
4%s series
ry &
102
'
1938
Alst
5s
& ref
gen
registered
3s
5%
Ref
§ Alst cons 4s stamped
consol 5s
ref
&
Gen lien
12
3%
5
A
series
Northern Pacific Ry
fMlnn St Paul & Sault Ste Marie
§ Alst
Central
January 1
108%
4
Ry Co—
4 Vis
mtge 5s conv inc
!§ANorfolk Southern RR
84%
*65
Southern
mtge
AGen
86 V*
4s
JMinneapolis & St Louis RR—
A 1st & ref gold 4s
&
M-N
Norfolk & Western Ry 1st gold 4s_1996
43
67
M-3
tSAMilw & State Line
1950
Range Since
Sold
No.
108% 109%
103%
86%
84
84
A-O
Norlolk
95
95
102:
--
1955
Niag Lock & Ont Pow 1st 5s A
Niagara Share (Md) deb 5%s
18(4
"16
•'
—
95
*99
J-D
fAMilw Spar & N W 1st gtd 4s
A Ref
■
Central—
Micaigun
t
No.
'
16 Vz
98 %
Bonds
High
Low
High
Low
Friday's
or
Sale Price Bid & Asked
Period
January 1
Sold
Bid & Asked
Sale Price
Period
Last
Interest
New York Stock Exchange
Range Since
Bonds .>■
Week's Range
Friday
BONDS
Week's Range
or Friday's
Friday
BONDS
New York
F-A
.1958
M-N
-1939
J-J
A-O
♦
M-N
,_i9«n
104%
f §ARio Grande West 1st gold 4s
_1949
Alst cons Si coll trust 4s A
*102% 102 Va
__
94%
92 %
94 Va
74
56
56
57%
145
81
95
44 Vi
58 V8
CHRONICLE
THE COMMERCIAL & FINANCIAL
1576
BONDS
Last
Interest
BONDS
Week's Range
Friday
Tork Stock Exchange
Bonds
Friday's
or
Low
NO.
High
Low
M-S
*
*125%
or
Friday's
& West
Buff
Ham
Trenton
Gas & Elec
&
1st 4s
1st
1950
A-O
gold 4s—1946
1st gold 5s
IUV2
nv/2
109%
1949
J-D
*~
deb A
1953
M-S
*107%
Union Electric Co of Mo 3%s
—
1971
M-N
1945
A-0
1959
F-A
1967
j-j
1947
j-j
Tri-Cont Corp 5s conv
*108% 110%
46%
47%
49
13 Vi
13%
13%
2
11%
j-j
17
17
17%
25
Ltd 1st M 4%8
1968
Grand Island 1st 4s
Adir 1st gold 5s
1947
1990
Saguenay Pwr
St
Jos Si
St
Lawr &
2d
gold
5s
registered
(Oregon Lines) A
Gold 4Vis
Gold 4Vis
Gold 4Vis
—
ref
Serv
3s
72%
48
57%
52 Vi
362
38%
92
22%
,JU
32%
46
<r u
103% 105
48
.;
127
5
35%
36%
■
F-A
127
100%
102%
102% 102%
102%
107
~3
30
101%
102%
102%
1 1950
M-N
*101%
__
101%
101%
May 11952
M-N
*101%
__
101 Vi
101 %
Nov
1 1952
M-N
10
101%
101%
May 1 1953
M-N
1 1953
M-N
2
101%
103
..May 11954
M-N
1 1954
M-N
*101% 102'%
May 11955
M-N
*102% 102%
102
102Vi
101%
102%
112
112
Nov
Nov
2.65s
;
-
United Stockyards 4%s w w
103 %
103%
105%
43%
1951
Vandalla RR cons g 4s series A
101% 101%
101% 101%
101%
*101% 102%
A-0
102% 102%
30 Vi
29%
40 Vi
41%
31%
69
21%
12
545
31
43
40%
73
27%
56%
55
42%
40
49
92
42%
42
42%
3
101% 101%
32
100
a-0
f-a
103% 103%
j-j
j-d
1958
Wabash RR Co—
105%
103%
111
11'
•/
26
100 Vi
104
r
—1971
AGen mtge inc 4V4S ser B
1991
,
Walworth Co
Warren
103%
103% 103%
Apr
Apr
79%
77%
79%
63
72%
74%
159
56
99%
99%
99%
24
46%
48
40
F-A
gold 3%s__2000
Washington Central Ry 1st 4s„.—1948
108%
Washington Term 1st gtd 3%s_.—1945
f-a
*101
105%
107%
—1945
f-a
17
*101
163
95%
100%
guaranteed 4s
Westchester Ltg 5s stpd gtd
Gen mtge 3%s
1st 40-vear
West
94
99
83%
448
69
83%
79%
234
66%
80%
M-N
78
77
463
65%
80%
M-N
77%
76%
79%
78%
254
65%
104%
104 %
104%
64
101%
97%
99%
789
76
99%
:
A-0
100%
A-0
103%
73%
56
92%
96
104 %
j-j
104%
100%
9
106% 107%
100%
110% 111%
110%
106% 106%
110%
106%
M-N
10
106%
110%
60
103
6
105%
105
102%
104 Vi
103 %
103
103
3
120
104%
105% 105%
105%
M-N
103
j-j
f-a
*
j-j
_
—
118
S
of
mtge
s
105%
ioa%
119
not Included
106 %
105
&
ref
5s
series
B
-1977
a-o
90%
90%
90%
45
81%
ref
5s
series
C
HI,-1979
A-O
90%
90%
90%
67
79%
a
91
St
90%
90
.
90%
80%
90%
36
110% 110%
77
79%
1
110
57
71
32%
33%
J-D
M-N
i8%
18%
18%
101%
103%
2
72
116%
116%
57%
74%
70
~3
16%
22%
*__
18
15%
—
109%
108%
110%
107%
*109% 110%
108%
delivery sale
101% 102
M-N
102%
28
101Vi
104
102
M-S
1960
-
64
101 Vi
102%
102%
included In the year's range,
d Ex-Interest,
e Odd-lot sale not
Under-the-rule sale not Included In the year's range,
r Cash sale
not
n
in the year's range.
1
'
;
'
by maturity.
tThe price represented is the dollar quotation per 200Accrued Interest payable at the exchange rate of $4 8484.
<«•;
,
{Companies reported as being In bankruptcy,
the Bankruptcy
79%
Act, or securities assumed
receivership,
or
reorganized under Section 77 of
by such companies.
..
.
vC.},
•Friday's bid and asked prices; no sales being transacted during current week.
37%
ABonds
102
96%
8
69%
§Negotlability Impaired
.
112
30%
147
33%
101 % 102
V—.
Deferred
pound unit of bonds.
'
A-O
33
127
116% 116%
70
*13%
Included In the year's range,
115%
Va
95
91%
88
95
J-J
1948
13
.
111%
60'%
f 3 Vis series D
42
90
67%
111
&
102% 103%
103%
J-J
-
53
99%
1st
35
78
94%
72%
55%
.
Youngstown Sheet & Tube—
105% 105%
1
94%
A-0
1960
..1949
91
*110% 111%
a-0
118% 119
;
101%
66
j-j
106
J-D
64%
-1968
119
j-j
69%
66
—197.1
106 %
106%
101
55
67%
j-j
Public Service 3V4s
105%
M-9
104'% 105%
101% 101%
68%
deposit
m-n
61
105%
deposit
a-o
j-d
104%
101 %
4s
98%
98%
106
106
100%
.
•
105%
91%
of
101%
102
29
108
106
M-N
Elec Power 3%s
112
105%
1st
B
f-a
98%
105
j-j
Conv deb 4s
*106
■
_
118
Ill
105% 106
105%
Wisconsin
103
—:
105%
Wisconsin
103%
99
99%
—2361
Central 1st 4s
ACertificates
105 %
105%
102%
111% 111%
•
—
3
77%
—1951
§ASu & Du div & term 1st 4s. —1936
105%
105%
104%
94
94
195
1st mortgage 3s— —1958
Co
$ A Wisconsin
105%
15
*118
U-N
15
J-J
98%
96%
J-D
.2361 '
ACertificates
104
J-D
88 %
91%
93 %
M-S
104
110'4
M-S
5s
Winsron-Salem
60
54
19
103%
38%
103%
112%
13
58
77
103%
M-S
&
ill'/a
259
97
M-N
'
1960
1949
Wilson
109%
106%
98'/a
111% 111%
97%
.
Wheeling Steel lst-3%s series B.—1966
111%
Apr
F-4
1951
Wheeling & Lake Erie RR 4s
107%
2
118%
108%
103% 104%
in%
j-j
—1950
Registered
112%
118
~4
M-B
Westlnghouse El & Mfg 2%s
1st 4s guaranteed
105
7
104% 105
104%
J -t
33
111% 111%
j-j
j-d
101
Co—
West Shore
107 Vi
101%
101 %
*
—1946
Telegraph
real estate 4%s
gold 5s
30-year
100
60
99 Vi 100 %
103
84%
421
84%
80%
82%
A-O
a-0
M-B
Union
25-year
112%
105
J-J
1952
A
98
109
106% 107
118
48
101
118
*__
1966
Funding &
'
118
j-d
—1977
assented
A 5k
Western
j-d
78 %
99%
101
v
__
104
M-S
Pacific 1st 5s ser A.—1946
$AWestern
99%
91%
5%s series
ref
&
.1950
%
95%
38%
23
101% 101%
101%
1963
mtge 3%s series I
Maryland 1st 4s
1st
104%
111% 112%
1st
Q-Af
1967
...
...
1st 5s E
Power
Western
78%
A-0
Penn
82%
68
74%
A-O
1981
1st mtge 4s
1st ret gtd
RR
J-J
106%
81%
112%
91%
80
109%
124
77%
j-j
102
8
123
78%
j-j
100
30
105%
*98 Vi 100
110%
91%
107
100%
110 Va
3
—
88%
15
100
100
96
90
109% 110%
91%
25
82 Vi
-I960
a-0
'm-b
series a.
mtge 4s inc series A
AGen
65%
M-S
-1964
*200%
111%
109 %
6
w
M-S
-1980
j-j
106%
108
7
96
110% 110%
108%
>123%
„
-
__
95
f-a
1966
••
103%
6
106
a-0
a-0
-1944
5s
cons
95
106% 106%
j-j
—1951
1st gold
1st mtge 4s
103
12
103% 103%
103%
1st
102
52%
2
65%
61
103%
M-S
Coke
&
Virginian Ry 3%s series A
%
101%
100%
>101%
65 Vi
5s__1949
Coal
—
111% 111%
60
42
f-a
Iron
62
49
f-a
j-j
*112
M-S
49
f-a
40
j-j
*108%
u-n
42
39%
55 %
40%
M-S
f-a
1957
1968
s
Virginia Pub Serv 1st mtge 3%s._1972
Va & Southwest 1st gtd 5s
2G03
32%
20
28%
214
30
41
1955
f 4s series B
Elec & Pwr 3%s series B
Cons
68%
43
83
67
65%
65%
29
-I960
—
*101% 102
101%
Va
127
X, 126%
2
66%
66
M-S
Jan1 I960
110%
106
102% 102%
'•
Nov
2.60s
__
Gen
Tol Si Ohio Cent ref Si impt 33/4s
106%
'—-Jl
38%
30%
102
*102%
103%
Gen
AAdj Income 5s__
*106
A-C
109
31%
*16
.2000
Gen Si ref 5s series D__
Tex Pac Mo Pac Ter 5%s A
Third Ave Ry 1st ref 4s
A-O
14
94%
«95
a-0
-1965
gold_5s—
110%
102%
2.55s
..
52%
j- J
debentures—.
.
76%
48%
a-0
gold 4s
1st
71
a-o
Ref & impt mtge 3%s series B_
-1974
Tcxarkana & Ft Smith 5Vis A
-1950
Texas Company 3s deb
.1959
Texas & Pacific
72
1953
Tenn Coal Iron & RR gen 5s
Terminal Assn St L 1st cons 5s
110
2.35s
83%
52
1956
1961
—
Superior Oil 3Vis debs—
Swift si Co 23/4s debs
110%
2.20s
103%
...
J-D
May 11949
Nov
.1
2.45s
70%
104
100%
37%
97
104%
102%
107% 107%
1
102 %
28%
12
102%
121
—-
Corp—
2.40s
-11
32
103% 104
•
101 Vi
37%
80
107%
103% 104
104
107%
*102Vi
28%
103%
108%
40
A-O
U-N
Va
Spokane Internat 1st gold 4Vis—2013
of Calif 23/4s debs
1966
Standard Oil N J deb 3s—
1961
f
48%
79%
19%
*100%
36%
-103
104
*102%
9
1^2
103% 103%
M-N
45%
36
105% 106
M-N
46%
35%
106
M-N
45
34%
106
102%
19
1 1949
45%
u-n
A
s
49%
A-0
Stand Oil
Gen refund
36%
34%
112
103 %
May 1 1950
121
f-a
1964
1968
1972
4s__
debenture
2.115s
J-J
Bell Tel 3%s B
Bieei
2.10s
44
45 Vi
M-B
1994
1950
1956
1956
1996
—1951
3s series C
Pub
45
32%
j-j
1950
1955
Stamped
Ry 1st cons gold 5s
Devel & gen 4s series A
Devel & gen 6s
Devel Si gen 6 Vis
Mem Div 1st gold 5s
St Louis Div 1st gold 4s
Southwestern
33
30
j-d
1963
1962 *
1979 ;
Southern
Southwestern
447
42%
J-J
1950
1964
RR 1st ref gtd 4s
Soutn Pac
43%
j-j
1961
1941
1952
1st 4s
Fran Term
States
42%
.
111
14
•
—
Serial debentures
j-j
Aug 1949
1949
1977
1968
1960
1981
coll)
Pac
United
42%
M-N
Pacific Co—
(Cent
United Drug 3%s debs
99
94
2.50s
gtd 4s
1933
tASeaboard All Flft 6s A ctfs
1935
A6s series B certificates.. ——1935
Shell Union Oil 2%s debs
1954
debentures;
92%
97%
89%
45
IJAAtl & Birm 1st
fund debentures
7s
Simmons Co debentures 4s
Skelly Oil 3s debentures
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3%s
6
11
2.05s
Louis-Southwestern Ry—
,.
4s bond certificates
——1989
A 2d 4s inc bond ctfs
Nov 1989
9 A 1st term & unifying 5s—
1952
AGen Si ref gold 5s series A——1990
St Paul & Duluth 1st cons gold 4s_1968
t A St Paul E Gr Trk 1st 4%s
1947
4§ASt p & k c Sh L gtd 4'/as
1941
St Paul Union Depot 3'/8S B
1971
Schenley Distillers 4s s f deb
1952
.II
1989
Scioto V & N E 1st gtd 4s—.
{Seaboard Air Line Ry—
1950
§ Alst gold 4s unstamped.
.1950
gzitla BUIU
——
---§ A4s gold oi/aiuyv*
stamped
SARefunding 4s
1959
ACertificates of deposit
——
Alst cons 6s series A
1945
ACertificates of deposit
-
ASilesian-Am Corp coll tr
3 Vis debs
91%
5
34%
—
1952
Cigar-Whelan Stores 5s
93%
34%
37
"4
111% 111%
•
1958
Biscuit
42 %
M-a
111%
1955
United
United
98%
479
107%
1980
99%
43 Vi
j-J
••
—
—
106%
1971
100%
93%
j-j
'
__
—
1970
81
5
98%
98 Vi
j-j
1950
2%8 sinking
grant 4s
3%s deb
95
95%
94
99 Vi
99
116%
RR—
land
&
90%
M-S
1st
2%
—
99% 100%
ioo %
j-7
lSt
&
*72%
99%
aeposit
APrior lien 5s series B
1950
ACertificates of deposit—
---ACons M 4%s series A
——1978
ACertificates of deposit stpd
—
1st
1st
34-year
M-N
oi
zjcertificates
San
67%
72 %
35-year 3Vis deb
Ref mtge 3%s series A
1959
1955
4s ser A
lien
APrior
Pacific
Union
62%
63
A-0
1948
W 1st gt<J 5s
mtge 5s.
St L Rorkv Mt * P 5s stnd
JSt Louis San Francisco Ry
1 ASt L Peor & N
L Pub Serv 1st
4s
106
*67%
4s
1st 4 Vis
106
106
Mountain & Southern-
St
4s
1
106
debentures
3s
j-j
Guil Division
stamped——
—1JJJ
ACertificates of deposit—
3s
106%
j-j
&
A 1st
Southern
105
:r~
4St Louis Iron
River
6
105% 105%
105*72
103
U
16%
•19
12
Union
A-0
High
101%
50
39%
j-j
M-S
Low
' 101 % 104
25
—
109%
M-S
M-S
No.
*101% 103
|{ A Union Elec Ry (Chic)
Oil of Calif 3s deb
■•*.
M-S
Sold
Hiah
103% 104
A-0
Range Since
January 1
Bonds
Bid & Asked
Low
—
—
Sale Price
High
Toronto
*111 %
—
Week's Range
Last
Period
Toledo St Louis
Elec Corp—
—1977
Gen mtge 4%s series D
xyt> /
Gen nuge 3*/4» series H
1967
Gen mtge 3%s series I
1969
Gen mtge 3%s series J
,—1934
{$AR I Ark & Louis 1st 4%S—.
,—1949
{ARut-Canadian 4s stpd
—1941
ISARutland RR 4%s stamped—.
&
Gas
Rochester
Friday
Interest
Exchange
Tork Stock
New
Range Since
January 1
Sold
Sale Price Bid & Asked
Period
APRIL 14
FOR WEEK ENDING
RANGE
New
BOND RECORD
YORK
NEW
Monday, April 17, 1944
(
selling flat.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—-Cash and deferred
in
a
footnote
In
the
In
the
week
in
following extensive list
April 8, and ending
include every
we
furnish
security, whether stock
a
A^ril
the present Friday,
complete record of the transactions on the New
14,
1944.
bond, in which
or
It is
any
compiled
STOCKS
York
Curb
Week's
Friday
Exchang*
Last
Range
Sale Price
of Prices
Par
Acme
Aero
Wire
Co
common
in
Supply Mfg class A
Class
B
~
\
J
,
Ainsworth Mfg common
I
Air Associates Inc
(N J)__I_IH
Aircraft Accessories
Air
Investors
Convertible
Air-Way
5
1
CorpIII~~"I~~5o0
common
ZZZ" 2
~
preferred
Electric
Alabama
Appliance™!!—II_3
Ludlum
Steel™
FOR
STOCKS—
Low
22
.
New
York
Curb
Jan
Apr
21
Alles
Jan
3%
3%
600
3%
Feb
4
Feb
7%
7%
400
6%
Feb
7% Mar
9
9
9%
500
x8%
Feb
9%
2%
2%
100
2%
4,900
20
2
Jan
&
■»
Class
2%
Jan
A
conv
>
.■
6%
preferred
—
99
3
1.300
30
100
1
115% 116
70
Jan
2%
Feb
Aluniinum
Goods
Jan
35%
Jan
Aluminum
2%
Jan
89
Jan
114
Feb
104% Mar
3%
102
Jan
Mar
—
.
—
—
116
—
Aluminium
6%
Ltd
31%
Mfg—
common
Low
No.
23%
24%
30%
32
110
18%
18%
79
78%
110%
19
50
•
,v
.
.
80
99% 100 Vi
—_
Feb
Apr
28
27% Mar
32
Apr
112
Mar
109
550
18%
200
25
Mar
footnotes
See
page
1581.
Jan
Feb
19% Mar
Jan
Feb
9%
__
•
22%
23%
°
200
10,300
Jan
550
150
.
Apr
10%
73%
Jan
84
Jan
Mar
103
Feb
98
Jan
105%
Jan
American Beverage common
American
American
Book
Co—
Central
Mfg
1
-100
1
600
1%
130
28%
Jan
6%
100
5%
2% Mar
Jan
32% -32%
Jan
'
1%
32%
6%
2
33
Mar
7% Mar
j-
For
High
12% Mar
8 %
•
_ioo
preferred
110%
•
Industries common
23%
23 %
•
-100
2
2%
■
—2*
common,
Aluminum .Co new common—
Jan
'
'
(Allied Intl Investing $3 conv pfd__
—10
Allied Products (Mich)
'
Range Since January 1
High
1
Fisher Inc common
35
3
Shares
Low
Mar
26
3%
20
for Week
High
7%
20
Sales
Range
of Prices
Last
Sale Price
•
20
Week's
Friday
Exchange
Range since January I
High
■
100
APRIL 14
ENDING
-
■
•
__
7% preferred
WEEK
Sales
ig
Great Southern
~
50
Alabama Power Co $7
preferrejll™ •
$6
preferred
Allegheny
Low
York Curb Exchange for the week beginning on Saturday,
entirely from the daily reports of the Curb Exchange itself, and is intended to
for Week
Shares
shown
dealings have occurred during the current year.
RANGE
New
RECORD
YEARLY
AND
delivery sales are 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.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
Vblume 159
1577
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING APRIL
New
Um
Xork Cttrb Exchange
Shares
of Prices
class
Convertible
Low
Lou.
High
Cyanamid class A
American &
39%
5,100
700
43
39%
l'/a
;.*
10
16%
Hoe
&
commou
Gas ft Electric
preferred—.
——.—100
American General Corp common.—10c
$2 convertible preferred
,
1
$2.50 convertible preferred
——1
American Hard Rubber Co
—25
American Laundry Mach
—
20
American Light ft Ttac common.—25
6% preferred——
——25
American Mfg Co common———100
Preferred
—
—
100
American Maracalbo Co
—1
American Meter Co
————*
American Potash & Chemical
—•
American
Republics
.—10
American Seal-Kap common
2
American Superpower Corp common—*
1st $6 preferred
—*
$6 series preferred
—•
American Thread 5% preferred
5
American Writing Paper common—*
Anchor Post Fence
2
American
40
1%
1
17
28
28%
2% Mar
Feb
425
37%
37
Feb
Canadian Marconi
1%
17
Jan
Apr
Carman
Jan
Jan
107
Apr
Jan
Jan
37%
Apr
Jan
43%
Jan
Carrier
100
15
Jan-
250
Mar
Atlas Corp
Atlas
warrants—
Voting
Feb
28% Mar
16%
Feb
'18% Mar
200
25%
Apr
26%
Jan
Catalin
35%
Jan
43
Feb
Central Hudson Gas
Feb
91
Feb
Central New
25%
1
500
1% Mar
Jan
24%
15 %
Apr
Cessna
4%
Apr
14%
8.400
10%
4%
4%
900
3%
Jan
ft
%
15%
15%
:■>'
4
300*
15%
.>
%
Jan
105%
Jan
2,900
107%
14
1,400
ft Jan
111-
18%
Jan
3%
300
4
Apr
Jan
Jan
Jan
4% Mar
Mar
Jan
6
Jan
3%
Jan
Chief
3
Jan
Feb
Cities Service
17%
13
400
...
18%
Jan
240'
106%
1.100
3%
Jan
Apr
Claude
3%
3%
3%
2.500
3%
Jan
4% Mar
10%
10%
10%
200
9%
Jan
10% Mar
100
97%
Jan
101% 102
7%
Jan
7%
Jan
700
5%
Jan
2.100
10
6%
6%
'
v
2.500
8%
7%
9%
106%
9%
.—
—.
10
6%
■
—
Jan
Apr
■
...
'mm'-'-.'
'
6%
"!-•
,'v
•
■
Jan
1 %
Feb
Club
Apr
Jan
12%
443/4
Feb
Colonial
Apr
Colt's
Jan
1%
'1.200
l5/a
Jan
75/8
500
5%
300
10 y4
Jan
Feb
800
3%
Feb
5
500
43/4
Jan
5% Mar
.
1
10%
-3
U ''
10%
4V4
4%
' '
•
5%
(BF> & Sons common——S
preferred
————25
Ayrshire Patoka Collieries
1
5%
93/8
6%
;v.
2
Feb
8
.
12%
Jan
Mar
9%
200
8%
Feb
125
21%
Feb
23
Feb
9%
Jan
10%
Jan
23
10%
10%
10%
8
Apr
1.500
9%
22
Jan
—•
22%
common.——
63/4
Mar
23%
preferred—
Rubber
Baldwin
Co
2,100
20%
Feb
25
7%
5.400
6%
Feb
40%
500
39%
Jan
8% Mar
40% Feb
40
6%
,—1
Seelig Mfg—
convertible A common
5
Basic Refractories Inc.—
...—.—1
Barlow
40
1
common..
Steel——
Stainless
Barium
30
...
2%
6%
100
•2%
;
23/8
1,900
6%
7%
Jan
2
Jan
;v
15
^
16
350
4%
1,800
Aircraft
2l
~33/8
50
22
3%
33/8
:
500
,,
Benson
ft
..100
Canada—
of
Hedges common
—.*
1
—
Bickfords Inc common—
30
•
..
Convertible preferred...
Berkey & Gay Furniture
"''J.'*.'-'' "7 ' ■•'v-'V' 131
14
%
1
12%
12%
12%
2%
2%
2%
IE W)
common
Blumenthai (S) ft Co—...—....
Bohack (H C) Co common
1st preferred.
Scrymser Co
Bourjois Inc.
•
25
j—
~8%
Jan,
Apr
23
2d
$5
4
% Mar
Breeze
7%
:
Co
11%
18,000
1%
1%
900
105
13%
13%
^-1
Ltd—
1
Co common
ft
H)
"9%
1.300
15%
6.000
400
15%
153/8
99%
99% 101
2.50
9%
9%
700
dep rets
—
12
..
common
"1%
1
71%
3,800
ft
.on
&
.—.1
3%
9,000
Petroleum
convertible
5 %
Voting
trust certificates
Cables ft
3% Mar
Calamba
««««/»«
dep rets 5%
Sugbr
California
Fire
pfd—
Estate
Electric
T'inesten
Camden
■
American
preferred
Insurance
rv^ftrit cv>, Ltd
For
j,
see
5%
Assn
Feb
Curtis
Feb
Curtis Mfg Co
105
Jan
11
71
3/64
Feb
23
Jan
93^
350
11
%
Jan
Jan
20%
33%
Mar
Jan
Mar
% Feb
jan
11%
% Mar
200
%
Feb
1 % Mar
Jan
33 %
Jan
~4%
~4%
1%
300
5
Feb
64%
65%
600
63%
Feb
69
Mar
117% 117%
40
113%
Feb
117%
Apr
110%
70
105
Feb
110% Mar
5%
100
35%
400
7%
900
~1'% "1%
300
108
108
5%
35
35
7%
4
Jan
4%
32
Jan
6
Jan
Feb
36% Mar
6%
Jan
8%
4t,mm
.
Apr
114%
Jan
114%
Jan
1%
Jan
380
100% 103;"
100%
100
1% Mar
750
9
100
12%
Jan
950
5%
Feb
%
%
300
%
"2
~2%
1.400
85%
86%
30
84
Mar
2%
2%
400
2
Feb
2% Mar
27%
27 V*
50
23
Jan
29% Mar
9%
G
6
•
12
2 V ■'
86%
Jan
11%
tt-Fdb
133/4 Mar,
Jan
1%
Feb
6% Mar
Jan
2 V4 Mar
86%
Jan
7%
7%
200
7%
Apr
8 3/8 Mar
25%
25%
261/8
5,400
243/4
Feb
28% Mar
2% Mar
.1
•
--8
(Md)
Lighting
"l% 1%
"l%
7
4%
7
4%
4%
s/8
Jan
15,100
3%
Jan
7
Apr
600
3 ®/8
Jan
4%
Apr
4%
12%
-*
200
13
10%
Jan
14
Jan
Feb
Mar
~2%
2%
24%
24%
25
10
Feb
20%
20%
21%
5,900
19%
Feb
>23% Mar
.5% '
5%
100
3%
Jan
6% Mar
2%
2%
2 %
Apr
3,400
x2%
200
2
Jan
24%
2% Mar
Apr
25% Mar
ft Feb
2.50
6
Inc common...
(Mo)—
12,800
2%
1%
50*
j| Jan
11%
Jan
3
Feb
34
Mar
26
Mar
w,
vol-
Apr
1%
10% Mar
13%
Jan
Jan
Feb
1% Mar
Jan
6%
18
Feb
18%
Jan
Feb
20
Feb
15'A
Jan
17
FeB
Jan
4% Mar
3%
4%
Feb
14%
Feb
17%
17% Mar
Jan
77% Jan
1%
Jan
Apr
.
24% Mar
80
_
,('■
2%
Mar
Apr
Jan
22%
Feb
9
Jan
"9%
Feb
D
Darby Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg.——«—•—
Class A convertible
1—
debenture—
15%
Jan
/ 17%
Jan
97%
Feb
104% Jan
9%
Jan
12
Jan
Feb
31%
Jan
Apr
1%
Jan
1
3% Mar
4
Jan
5%
Jan
—
Derby Oil ft Refining Corp com.—
convertible
Mfg...
preferred—
6fe
——
Gray Iron
Mich Stove
Detroit
Detroit
% Jan
1 % Mar
..35
34¥4
Foundry.
....
De Vilbiss Co
343/4
Shoe
v7%
7%
100
6% Mar
,4
4
100
3% .Jan
O ('■
18% Mar
36
X72% X72%
20
63/4
2,800
6%
'
Mar
7%
Apr
43/4 Mar
65
Jan
77
113
X72%
.100
Jan
120
5%
Jan
Mar
Feb
7% Feb
540
73
Jan
13
100
12%
Feb
13
20
20
100
19
Jan
203/8 Feb
1
76%
1
500
3%
3%
75
III
13
—1
«
Jan
40
3%
77 3M
V
-
1,400
3/4 jan
3%
Jan
79% Feb
1
Jan
Mar
4% Jan
233/s Mar
25% Mar
20 %
14%
14%
25
6 3/a
Jan
10%
14%
Jan
22
-10
common-
Jan
15% Jan
33% Jan
150
-10
common—
preferred—.
7 %
1,900
17
Co common—.. —1
-10
Products...
Detroit Steel
Feb
10%
Feb
13% Mar
14%
Apr
14
Feb
Distillers Co Ltd—
Am
Divco
dep rets ord reg
Corporation
....——
—
13
.£1
6%
-1
common.—,———
12
-1
Domestic Industries class A com—,
-1
Dobeckmun
Co
Dominion Bridge Co
Dominion Steel
Ltd——
ft Coal B.—-
Dominion Tar ft Chemical
Durham
5%
600
5%
12
200
103/a
6
300
Mar
Jan
Jan.
53/4 Feb
~6%
Feb
6%
—lb
Ltd.—.
Jan
6% Mar
133/4 Feb
6% Mar
~6%
—
69%
71
150,
7%
Mar
I10
Feb
Feb
72% Mar
263/4
69%
67
Feb
29 %
74
Draper Corp
,1% War
17"
-20
—.
33%
31
1.1
*
preferred.
ft
Gasket
31
17
24
B
Dejay Stores——
Dennison Mfg class A common'——. lis
..50
$6 prior preferred—
TVamnnd
7
5%
"7%
2.100
53/4
1,800
7%
5%
4%
6%
Jan
Jan
Feb
79% Mar
—
3% Jan
Hosiery class B common.
Duro. Test Corp common
Duval Texas Sulphur
3%
—.
10
—
3
9%
Jan
5% Mar
900
2%
10
200
9% Jan
2
100
1%
Feb
125
56%
Jan
70
Mar
750
32% jan
24% Jan
ao
Mar
28
Mar
3%
Jan
3%
10
Jan
..Mar
Feb
7% Mar
Jan
East Gas ft Fuel Assoc common
5
pfd—100
11
Jan
6%
—
13%
6% Mar
"7%
l
6%%
page
56%
Jan
47% Mar
10%
"^
22
4,200
1
preference...... ....25
footnotes
3
Apr
2 3/8 Mar
373/4 Apr
600
1.250
12%
Crown
Jan
4%%
6%
Canadian Car & Foundry Ltd—
Participating
6%
2.900
2%
£1
—.10
Power...
Corn—
.7%
Feb
9%
...
Duke Power Co
1%
6%
63/e
9 %
12%
dep receipts (ord reg)..£l
-5
Petroleum——
Jan
M Jan
"I
Feb
10% Mar
Courtaulds Ltd—
9%
Wireless—
American
Callite
—.50c
3%
Jan
47/s Mar
400
50
common...
International A—
G
50e
3% Mar
600
3%
A
•
preferred A—
Cosden
Driver Harris Co....——
'
Cable Electric Products common
14% Mar
10
1
Reynolds—
Cork
4% Mar
3%
33/8
25c
....
3%
—•
Crown
31%
9%
•
Jan
.1
Co
Apr
21
*
Sullivan
Corp
(P
~9
9
25
—
$3 preferred
Rurry
Butler
10
8.300
11
,
Cont Fdy
11%
Power—
preferred—
Hill
to
Jan
•
_*
—
preferred-r~J—
Burco Inc
1,900
23/4
5
...
Buckeye Pipe Line—
Burma Corp Am
80
200
Jan
Fdy—
Steel
Copper
Detroit
213/4 "
2%
14 %
Feb
Petrol
Apr
80
2%
Apr
106%
Cent
Mar
21 )
213/a"
16%
Mar
—100
—
Crown
14
100
Feb
Feb
Mar
115
17
11%
3%
27
Jan
17
•
—
common
Bruck Silk Mills Ltd
1st
1
......
$5 prior preferred—.
Buffalo Niagara & East
&
changed
Machine
A
•
5.200
Jan
Jan
Jan
"4% ~4%
Jan
16I/4
3%
Mar
11% Mar
12%
300
373ft
300
Cook Paint ft Varnish Co
14% Mar
Feb
81%
450
Apr
3%
105
Jan
•
——1
preferred
Brown Forman Distillers
Bunker
16%
Feb
31%
3%
Jan
10%
—*
Class B
$5
16%
Jan
S3/*
3%
80
3%
;>•
>-;•
Jan
Jan
4
625
C W
300
—10s
Brown Fence ft Wire common
(EL)
Roll
Named
Creole
20
£1
£1
.
$1.60
Mar
1.175
-7' S:
—.—_.*
dep rets ord reg—
British Columbia Power class A
Brown Kubner Co
Cont
21%
115
100
'/a
—.—10c
Co
preferred
prior
48% Mar
'
Amer
A
Textile
Liquidating Co
—
Croft Brewing Co.———.T—-,
Crowley Milner & Co..
101
113
5%
22%
10%
Jan
Tobacco—
v
Jan
3
Jan
9%
.5%
Mar
Jan
% Jan
1,100
Jan
3%
.
33
9%
2% Mar
1%
%
1.400
Feb
dep rects ord bearer—
dep rets ord reg—..
Bruce
15%
1
400
18
150
20
20
31
Mar
10%
Apr
II %
British
Class
Mar
8
Feb
12% Mar
% Mar
2%
9
10% Mar
103
10%
12%
j,
Celanese
7% Mar
Jan
17% Mar
10%
7% Mar
Jan
173/4 Mar
109% Mar
10%
preferred...——
Royalty Oil
Consolidated Steel Corp—
Feb
14%
Jan
6%
Jan
23/4
Feb
29% Mar
100
—y.10
—•
8%
21
...•
Oil Co
Am
Mining ft Smelt Ltd.—5
Retail Stores
1
Consolidated
$6
Jan
———100
British American
British
Consolidated
Cor'
%
10%
20
....1
Utilities..
Gas
Jan
common
American
series B preferred——.—100
preferred series C
—100
Jan
;V
Jan
67/a
7
*%%
Consolidated
9%
10%
85%
7%
■
64%
—1
Co——.
Jan
G %s
1.100
10
200
101
7%
•
18%
2%
Jan
•
.
700
Class. a——.——
Am
...
900
•
—
Mfg
1946———-1
Coke Secur common
ft
2,300
A
B
extended to
c
Jan
1%
900
•
preferred
Brillo
t
2%
:
—
_.
class
V
Conn Gas
11%
1
Jan
83A
550
11
■
Feb
92%
100
250
20%
•'
133/a
1.300
10%
900
1%
v
8.000
106
10%
3*2
14%
11
15%
15%
103
22%
19%
15
Jan
68%
37
Jan
Apr
300
y
Jan
22
14%
.....1
Bridgeport Oil Co...
Preferred
12
10%
""% "%
%
17%
100
66%
3*2
24
40
700
700
66%
Apr
%
Jan
<
.
Vi Mar
ftr Mar
Jan
%
28%
7% -7%
—..25
—1
20%
Bridgeport Gas Light Co
Class
99»/a
8
6%
ft
27%
27%
Southern wan ants..
ft
Public Service
Community Water Service
Compo Shoe Machinery—
Drug Co common
-25c
convertible preferred——28
Crystal Oil Refining common..
;._*
$6 preferred,—.
——10
Cuban Atlantic Sugar
—5
Cuban Tobacco common—
*
Aeronautical—.
Brill' Corp
.
Mar
*
___•
*
Lgt'& Pwr
Corp common
Brewster
98
—
,
93
14
Jan
43%
300
Jan
14y4
34
Jan
,
82
15%
Range Co
—•
Cornucopia Gold Mines—
-5c
Coro Inc d———-——-—*■
131 %
Feb
250
13%
50
35'
Apr
127%
7%
_•
preferred....
Traction
13%
90
—...100
preference
Community
Jan
Jan
2%
1%
48
Apr
90
31%
100
1st preferred...—
Brazilian
Mar
21
4,900
*
,
7%
133/4
3.300
v
*
Bowman-Biltmore common.—
■i.
48
—100
Borne
Feb
14% Mar
6%
—
Ridge Corp common—..
...1
$3 optional convertible preferred—•
Blue
Feb
108
Continental Gas & Electric Co—
35
300
v
14%
Jan
41
Consol
30
50
7%
7%
Jan
2%
5% Jan
15,100
14
14
birosboio Steel Fdy ft Mach Co com..♦
Blauner's common
t
*
13%
38%
3%
40
35
-%
Jan
125
6%
Jan
20
30
y
35
•i1''
1,
1
—
30
140
131%
Jan
7%
14%
2%
Apr
'
Bell Tel
Jan
8
38%
4%
6%
—1
common—
Apr
14% Mar
$1.50 convertible preferred——.20
Bellanca
5%
Commonwealth
7%
common...——10
7
8%
7% Mar
—25
Arms
2%
43/8
.v'-'
■■
;—
common
Beaum; Mills Inc
7%
Feb
16
Feb
13
Feb
73/4 Jan
1
Fire
Consolidated
*
7 % 1st preferred———100
Beau Brummel Ties—1
(L)
Baumann
Bliss
Jan
3%
&
$1.20
Feb
Mat
% Mar
97
ordinary
Airlines
Patent
4%
■
6
115
200
35
Consol G E L P Bait common
Baldwin Locomotive—
I'/o
Development
$3 preferred ..
Consolidated Biscuit
B
warrants for
Jan
Columbia Gas & Electric—
1%
•
Jan
7%
Feb
%
93/4
150
15%
Colorado Fuel & Iron warrants
Jan
7%
1%
8 3/a
2.300
99% Mar
200
/
"4% "5
Feb
100
31
700
6%
Jan
8% Jan
108
•
80
Jan
97
60
100
*
Co
Jan
Jan
93/8
Apr
108
—4
common—.J
Co
Plow
12% Jan
21
4%
%
7%
...100
Jan
7%
7%
Utensil
Aluminum
Jan
Jan
8
6
«
108
__1
Corp....
8 3/b Mar
7%
9%
»
Colon
10%
150 /
Coal
Cockshutt
443/4
2,400
Cllnchfield
3
2 % Mar
75
:
.
y*' 7% Mar
Jan
%
'••
% Mar
8
600
%
101
Cleveland Tractor common
16% Mar
7%
,
103%
..———1
Feb
Jan
13%'
6%
8
*
10
Lights Inc
Clayton & Lambert Mfg—.
Cleveland Electric Illuminating
Feb
111
112%
«•'
....
Neon
Jan
116
Jan
3 % Mar
98%
9%
10%
—
Mar
48 %
400
8
98
•
.
60c
9
Apr
10
200
U
7%
10
common.
$6
Apr
4% Mar
Feb
Jan
12%
2.000
100
—100
Feb
25
21
11-
Mining——1
preferred.......
preferred B—
$6 preferred BB..
City Auto Stamping
City & Suburban Homes
Clark Controller Co,
Mar
•110
Feb
3%
Consolidated
* 14%
1% ~3%
.50c
§Childs Co preferred
3%
'11
.....
4%
17%
•
pfd-
Jan
2
13% Mar
114% Mar
■
.1
A'rcraft Co—1
2%
2% Mar
14%
pfd—100
Metal Weather Strip Co_.5
Corp common—....
10
Cherry-Burrell common
5
Chesebrough Mfg
25
Chicago Flexible Shaft Co
5
Chicago .Rivet ft Mach
4
70b
300
14%
Charis
2.100
Xl07%' 109
~3%
5%
144
Jan
108%
com.....*
Elec
Light 7 7o
2%
2%
3%
ft
20
...1
Central ft South West Utilities.
5%
2%
Apr
5 % Mar
Feb
44
10
_
...
Prooucts—_
2%
108%
—
Power
Steel
5%
2%.
5%
Jan
7%
100
400
1
Cnamberlin
13%
4%
Avery
Purchase
Power &
46% Mar
7%
Babcock & Wilcox Co—-i
Central
26
13%
107
York
Ohio
Jan
Apr
Jan
%
—
—
America.
Central
22%
—1
,.—.—*
of
9
47
115% 116
116
—
ft Co..
Corp
9
*
Products
40
24%
9%
Machine.
(A M)
25%
6.500
88%
Feb
1% Je.n
2,000
44
44
com...,
18%
—5
Automatic
Cagco
Castle
Co
26%
43%
Products...——
(J W)
26 %
9%
Plywood Corp———
Carter
16%
;.
Automatic
common
28
443/4
Drop Forge common
Atlas
Corp
xl %
X23
preferred—*
Carolina Power ft Light $7
$6
preferred—..
3,200
144
.1%
1%
...—.*
common...
5%
6 % Mar
1
Hi?*
4% Mar
.*
Co
34%
1%
4%
100
...♦
A—
17%
1 •
5%
12%
150
xl8
1
..
Class B
Carnation
class
27%
1
5%
..100
1
16%
1
•
Co
&
Mar
28%
111
Jan
preferred—
1,200
37%
Low
Capital City Products
50
Co——.
7%
Feb
41%
.—1
Fisheries
Rayon Corp..
Kange since Ja»uary
High
•
voting—..—
18%
Associated Tel « Tel class A——*
Atlanta' Birm ft Coast RR Co pfd—100
Coast
non
45
,
Coast Line
——..*
voting.
Class B
27%
Angostura-Wupperman
1
Apex-Elec Mfg Co common—:
—•
Appalachian Elec Pwr 4%% pfd—100
Arkansas Natural Gas common——_•
Common class A non-voting
*
6% preferred—i
10
Arkansas Power & Light $7 preferred.*
Aro Equipment Corp new
2.50
Art Metal Works common
5
Ashland Oil & Refining Co—
-1
Associated Breweries of Canada
•
Associated Electric Industries—
American dep rects reg
£1
Associated Laundries of America.
-•
Atlantic
Class A
Low
Canadian Industries Ltd—
41%
6
.
Atlantic
Shares
Alcohol—•
Jan
26%
6.000
109% 110%
5%'
6
41% Mar
Feb
15%
1.450
28%
44% Mar
Jan
1
4.200
16%
110
4% %
Atlantic
Par
Industrial
37% Mar
.—.10
-10
Fork
American
2,600
Foreign Power warrants-
non-voting
Class B
_2% 1%
25
——1
American
42%
~2%
1%
38%
42 %
38 % Jan
35%
—25
A——
Sales
for week
Range
tiiuu
Canadian
A—,
Week's'
of Prices
Exchange
*
Par
Class B
Curb
Range since January 1
Cities Power & Light—
American
Class
•Friday
Sale Price
New York
for Week
Range
Sale Price
14
Sales
Week's
Friday
gTOORfe-
1581.
21
Jan
21%
Apr
prior preferred—
preferred
Eastern
Malleable
—
Iron
•
—.—100
——100
25
2
64
37%
64
64%
36%
373/a
23
28
25
2% Mar
THE COMMERCIAL &
1578
Monday, April 17/1944
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
FOR
RANGE
Week's
Sales
Last
Curb Exchange
Range
for Week
35%
$6
45
75
36
45
Sugar Associates—
preferred v t c
Easy Washing Machine B.
Economy Grocery Stores——
Electric Bond & Share common—
35%
33'%
Jan
403/4.Feb
33 ft
Jan
40 ft Feb
45
„
Eastern
$5
~8%
~8%
5
—
*92 ft
92 ft
Light 2d pfd A_ I—•
Option warrants
Zi
Electrographic Corp..
-15
Elgin National Watch Co
4
Emerson Electric Mfg—---—--—
54 ft
Power &
Jan
Jan
93 ft Mar
88ft
Jan
95
47
Jan
65 ft Mar
ft Mar
1 ft IWar
Empire District Electric 6% pfd—.
Empire Power participating stock.
Emsco Derrick & Equipment
common
convertible preferred
Equity Corp
$3
ft
200
31ft
100
9ft
9ft
2,600
.100
80
lil'%
110
Ills
33
Mar
8ft
Jan
10ft
103ft
Jan
116
Jan
Jan
42% Mar
44
Feb
10%
Apr
8ft
400
10%
10%
•
1'%
37%
5%
6ft
lft
~5ft
33%
.1
Jan
lft Mar
1 ft Mar
31 "ft
Jan
4ft
Jan
6ft
Apr
International Petroleum
Mar
33ft
Apr
,
50
20
18ft
300
Mar
23
Feb
Engine & Airplane.,..
Falstaff
Brewing
Fansteel
Metallurgical
,
Warehouse
—1
12%
Jan
15 ft Mar
14 ft
Feb
18
5%
Jan
•
10
——
■
7%
150
4ft
2,300
4ft
Jan
j*
20%
20%
20%
700
19 ft
Feb
19%
Jan
4ft
.
Feb
20%
3%
3ft
3%
Jan
Jan
Jan
37
Feb
45
Mar
58
Jan
x68
50
—
—
:
14% Mar
■
Gatlneau
5%
Co
Power
common
*
.
Alloys Co
Gen Electric Co Ltd—
$3
preferred
(A C)
75
Apr
Jan
3
Feb
1
100
tt
Jan
lft
Apr
12%
Jan
13%
4
200
3%
Feb
8
Jan
900
14%
—
-
common
—
17 ft
16%
10
20
200
1
Aldeu
Feb
2
ft Mar
75%
Jan
83
Mar
8%
Jan
lift Mar
41ft
Jan
47
W
•
46
46
1%
190
,
100%
—
10%
100
10'%
Feb
14 ft
14 ft
15
37ft
37 ft
38
300
:
Non-voting
7%
ft
Apr
40% Mar
lift
Apr
Jan
104
11.700
Feb
104%
Apr
Jan
ft
Jan
Pacific
&
~5%
~7
400
7
Apr
70
120
56
Jan
70
Apr
31ft
100
30 ft
Feb
32
Jan
5ft
6ft
400
9
9%
1.800
Jan
4%
7
7
Jan
Jan
11%
Mar
Feb
*
90
91
975
84
134
135
50
132
90 ft
preferred
134
-
33
7
7
—
6%
Feb
3ft Mar
.
111ft lll'A
136
Jan
300
3ft
3%
3ft
Jan
29 ft
100
'
93ft Mar
Jan
150
33
—
1Q
109
Mar
Mar
33ft
Jan
7%
Jan
4ft
Jan
110
Jan
Jan
10
Feb
Feb
23% Mar
22 ft
10
Jan
Jan
70
lft
Feb
'
125
Feb
lft
Jan
27
Jan
Mar
32
28'%
28'%
83ft
16%
29
84%
16%
950
77'%
Feb
84'%
600
•; 14%
Jan
17% Mar
8'%
3
8ft
3
16%
8ft
3'ft
16%
1,800
8%
17 ft
8ft
17%
17%
8
1%
22ft
ft
30 ft
47ft
Apr
^
ft
—
17ft
—" •
17ft
8
—
1%
22ft
1%
22ft
32
30 ft
46%
10%
700
Jan
Jan
3%
Feb
Jan
16%
Apr
15 ft
300
'
—
9% Mar
Jan
7%
19
17 ft
Jan
400
7%
Jan
8'% Mar
600
lft
Jan
2
Apr
Mar
Jan
fi
Jan
24%
30%
44
Feb
48
1
200
200
Feb
1 %
Feb
25 ft
Jan
12 ft
Jan
'%
Jan
*
—
7
1,100
1
8%
1
.•
19 ft
125
8ft
400
8%
—
Apr
Mar
Jan
Feb
20 ft Mar
17% Jan
Mar
7%
Jan
9
%
Jan
1% Mar
--ft
—
Feb
22ft
22
—
19'%
-
18ft Mar
100
2,500
% Mar
19 ft
Jan
600
* 10%
10
Jan
19%
17 ft Mar
3,500
'
—
10% Mar
7%
3
30
25
—
Feb
66 ft
46 ft
83%
16%
r-
A
Jan
42%
10
■
voting trust ctfs—•
Italian Superpower
110
Mar
106
80
—
30'%
47'ft
Royalty
5%
5%
2%
2%
7%
Feb
Feb
5
Jan
2ft
Jan
2% Mar
Feb
94'A Mar
2%
Lt 5ft% pfd—100
100
100
preferred
preferred
6%
Jan
7ft
3
3ft
3
5%
*
Jersey Central Pwr &
3%
900
3,400
87 ft
:'v0
J
Co—......
(*' Li)
3
1
Aircraft Engine Co
Jacoos
Jeannette Glass Co
99
300
•
92
«;■
99
Feb
Jan
18
50'
106%
105
100
Jan
60
99
n
98
V'
.'.-".Z
s
'
Julian & Kokenge Co_
'
Apr
106%
Apr
18ft Mar
K
Kennedy's
preferred—100 ft.
O
Inc
Kleinert
Emil)
Co common
(I B) Rubber Co
Knott Corp
Kobacker
'
17'%
Jan
Feb
iri'A
)—
—
•
—
—
--
50
45'%
Jan
55
Feb
700
2%
Feb
3
Jan
4%
Jan
5% Mar
100
10
.1
special preferred—
Brewing Co
Jan
%
Mar
Feb
™
16'A Mar
Mar
15'%
—
12
•
Feb
Feb
66
--
..ft
Jan
1,200
48
3
5
48
2%
5
*
2%
12'% Mar
A 9'A
Feb
Apr
9ft
400
8'%
Jan
20
Jan
102 ft
400
100ft
Jan
106
Mar
84'%
Feb
95
Feb
100
12'%
Feb
13 ft
Apr
9
13 ft
9ft
600
7%
Jan
9ft Mar
46'%
49%
1,590
37
Jan
49%. Apr
13 ft
14%
5,700
12
Jan
15
Jan
2%
3%
800
2ft
Jan
3
Jan
800
2%
Jan
3'% Mar
105'%
Feb
12'A
200
9%
Jan
12% Mar
Jan
26% Mar
""9 ft'
,
16
101%
100
(S H)
Kreuger
Feb
Jan
_•
Inc
Koppers Co 6ft preferred
Kresge Dept Stores—
4ft convertible 1st preferred
Kress
10 ft
9'%
56
_•
10
.1
;
common—
Stores
13
9% Mar
200
111 ft
1
Kirkland Lake G M Co Ltd
(D
—'-v.
100
100
100
1
1
pfd—
Kings Co Lighting 7ft pfd B
5% preferred D
Kingston
Products
Kirby Petroleum
Feb
124
Jan
100
10
13%
10
—
•
Key Co common
Kimberly-Clark 6ft
Klein
121%
—
•
Ken-Rad Tube & Lamp A
V,ft-.
ft ft
L/V.
ft:, ft.
-.ft-
>
—
"
~
101 "
ft,'
♦
\
V:
—
13ft
9
-
Mines
Shore
--ft".
1
(N J)
Ltd
1
Corp of
.1
5
100
Delaware
Lane
Bryant 7ft
preferred
Lane
Wells Co common
3
—
Langendorf United Bakeries class A
(R G)
Line
Corp
111%
Feb
Jan
1
112ft Mar
Lit
•
__
—
-
21
ft
,
:./ft
ft
—
27
5'% Mar
Feb
35% Mar
Jan
1%
Jan
Apr
29'%
Jan
10,
Apr
11% Mar
Feb
11%
Feb
Feb
25
Apr
•
.
100
600
.
.,
10% .ft,-
,
Inc 6% preferred
...-
1'%
Land
—i*
&
'
8%..
ft %
..100
Jan
Jan
20ft
15
Feb
16%
8
..100
i
59'% ft
;64
Jan
8ft
Feb
Feb
1%
Jan
5,100
ft.
8,100
14
.
51
300
66%
-
,
Apr
Apr
69 ft Mar
Jan
,49 v
6%
Jan
61%
Feb
8,600
Feb
7ft
Jan
111ft 111%
1
Exploration
10
109 ft
Jan
111ft
Apr
27'%
100
-lft
200
8ft
100
-7ft.
27'%
common
1,700
60'%
58%
ft 7
7'A
Louisiana Power & Light $6 pfd—
Corp
250
.
•%..;
.
64
—
Lynch
16?%/# 16%;.
8 ft,ft
8'%
5
preferred class A
preferred class B
6%
2% Mar
18ft
A
Class
Chain.
Long Island Lighting common
Louisiana
'"'7
14
27 ft.
8,000
27; ;
ft
lO'ft
—
Lone Star Gas Corp new common- .—10
7%
Feb
Mar
22'%
% ft.... ft
—
....
Groceterias
5'%
V. 3.
—
...— _
Locke Steel
Feb
5'%
ft>ft—V.:
ft
Brothers common
Loblaw
Feb
110-
.
12
Inc
Material Co
Lionel
..
.
ft;ft—
,10ft
Oil Development
Le Tourneau
—
2%
3
ft
—
25
Realty common...
Convertible preferred
Leonard
2%
>.
•
lft
B
..Class
48
14%
100
Lakey Foundry & Machine
Lamson
L
—
■
r
RR
Lackawanna
Lake
Lipton (Thos J)
Tea—
stock
common
6ft
31ft
9ft
—
•
Lefcourt
69 ft
100
Great Northern Paper
—25
Greenfield Tap & Die
,——•
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd
•
$6 preferred
•
Gypsum Lime & Alabastine
.•
1st
15%
•
Co
Atlantic
ft
ft
11% Mar
*
10
1
5
class A
preferred
Mlg common
Grand Rapids Varnish
Mfg
•
ft
Mar
50
Mfg Co
$3
Great
'•»
9
Jan
12'%
9
300
53
54
«
Iron Fireman Mfg
Investors
Feb
Mar
Feb
37 ft
175
10
105'%
16
13ft Mar
5,900
12ft
112% Jan
51% Mar
51% Mar
10%
Mar
11
Feb"
Jan
1
Mines
;;
/
*
10 ft
9%
•
Consolidated
Gorham
Gray
Jan
*
•
class A
preferred
Gorham Inc
Mar
111
75
111ft Hl'%
'
'
$7
Goodman
Apr
Mar
50
80
9%
Goldfield
Mar
1
600
1%
1%
46
—•
Coal
Godchaux Sugars
90
78
•
Gladding McBean & Co
Glen
Jan
74
1
•
1
Co_j
Mar
79%.
78
-
Gilchrist
119
Jan
90
77
Feb
Mar
90
76 ft
<
8%
17% Mar
Jan
117
1
Feb
Mar
4
Jan
115
20
117
•
•
*
•
Georgia Power $6 preferred
Gilbert
Feb
1%
1
preferred
$5
70 ft
100
75
;
Water Gas & Electric common
Gen
20
2%
4
£1
General Finance Corp common
1
5% preferred series A
10
General Fireprooflng common
.♦
Gen
ias & Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred
•
General Rayon Co A stock
•
General Shareholdings Corp com
1
$6 convertible preferred
•
dep rets ord reg
Amer
Jan
1
2%
I
•
General
8
2%
75
100
preferred
Mfg Co common
Gellman
Feb
7ft
—
300
23
'52
54
Mills.—;
Hosiery
Power $7 preferred
Interstate
Kansas Gas & Elec 7%
—
Jan
10% Apr
lift Mar
1,700
108ft 108%
—
Mar
40
■
4
18
Feb
Apr
16% Mar
40
—100
70
10%
14-
——
preferred
Jan
300
13
Co
$3 conv stock
4%
convertible
3
500
2ft
Mar
5ft
Jan
450
Xl6'% xl6ft
Fuller (Geo A)
45
150
70
63
108ft
•
*
1
prior preferred.
Interstate Home
Equipment.—
$3.50
Interstate
23
—
High
Jan
—
•
$1.75 preferred
Jacobs
70
—
-•
10
.*
•
B
21% Mar
Jan
2
bearer
Fox (Peter) Brewing Co
Franklin Co Distilling
Froedtert Grain & Malt common
Range since January 1
Low
lift
11%
lift
11'%
—
A
shares
International Products
International Safety Razor B
International Utility class A
Irving Air Chute
—
—
Mar
63
Jan
60
61ft
Feb
25ft Mar
25 ft Mar
4%
61
rets
dep
Amer
;
4'%
—
Mar
"
6
*
..
Jan
300
15%
Motor of France—
Ford
2ft
1.100
15
6
voting
B
Jan
£1
(Phila)
Ltd—
Am dep rets ord reg
Ford Motor of CanadaClass A non-voting
Ford Motor Co
Class
10ft Mar
Jan
lft
1.900
14%
15 ft
15%
Co—25
Association
Fire
7%
5.600
2ft
1%
.....
•
Federal Compress &
3.300
10
9ft
—1
1—5
Mfg Co
Fedders
1
Inst Co—
Fairchild Camera &
lift
6hs„•
coupon
Registered
Class
Kaircniid
Shares
High
5ft
Warrants
225
31
Law
.
Mar
38
of Prices
Par
Imperial Chemical Industries—
Am dep rets regis
£1
Imperial Oil (Can) coupon
•
Registered
•
Imperial Tobacco of Canada
5
Imperial Tobacco of Great Britain &
Ireland
£1
Indianapolis P & L 5ft% preferred_100
Indiana Service 6% preferred
100
7%
preferred
.100
Industrial Finance v t c common
1
7%
preferred
100
Insurance Co of North America—.10
International Cigar Machine
•
International Hydro Electric—
'
Preferred $3.50 series
50
International Industries Inc
1
International Metal Industries A
•
International Minerals and Chemicals—
Sales
for Week
Range
Sale Price
2,600
.
33 ft
20
-50
800
1'%
37'%
.10c
Apr
10ft
Jan
30
100
43
43
Feb
Feb
8ft
1
Inc
Eureka Pipe Line common
Eversharp Inc common—
300
ft
—1
Esquire
2,800
31ft
9%
10 ft Mar
7ft
83ft
57%
Electric
15 ft Mar
2,000
93
54 ft
—
Jan
6
Jan
Mar
Feb
31.400
9
91%
«
$6
5
600
48ft
Jan
15
90'%
preferred
preferred
$5
35ft
75
5%
5ft
5ft
Jan
1
450
36
35 ft
preferred series A
preferred series B
$7
% Mar
500
Week's
Last
Exchange
Curb
High
Low
ft
%
States Corp
Friday
STOCKS
York
Range since January 1
High
Loto
II
r
New
Shares
of Prices
Sale Price
Eastern
:
Friday
STOCKS
,
New York
WEEK ENDING APRIL
.
28 ft Mar
26% Mar
H
Hall
Hammermill
Ltd
Co
Bridge
_
Light
Electric
Hartford
voting trust
Brewing Co
Harvard
21ft
22
700
48
20
lft
300
3ft
4'ft
2,000
5ft
Corp of America B non-vot com__1
Corp
*
lft
3%
1
1
ctfs
200
48
22
25
Rayon
7ft
5%
5ft
200
Hazeltine
Hearn
preferred
3%
4
7ft
7ft
7%
Rubinstein
3,000
13%
•
_
13 ft
13%
50
12 ft
200
12 ft
Heller
Co
Jan
xl9% Mar
24
Mar
50
Mar
500
M
Mar
5
47
lft
Jan
Feb
2'ft
Jan
5%
Jan
Jan
3ft
Jan
Jan
6%
1%
Feb
4]ft
Apr
6ft Mar
30
4ft
44
Jan
Mangel
$5
convertible
Manischewitz
Consolidated
Mapes
^Marconi
Margay
Jan
Marion
Rubber
Jan
7% Mar
Jan
14% Mar
Massey
lift
Jan
9'ft
McCord Radiator & Mfg B
McWilliams Dredging
Mass Utilities Association v t c__
Apr
lift
100
Jan
11%
Apr
28'ft
300
26
Jan
28'ft
Apr
Mead
19ft
17 ft
19 ft
1,050
12
Mar
19ft
Apr
Memphis Natural Gas
15%
15%
100
14ft
Jan
19%
19%
400
19
Mar
28 ft
„
29 "ft
2,900
24
Feb
22
Jan
30'ft
Feb
Mercantile
Merritt
Holophane
Hormel
Co
5
(Geo A)
(A C)
Horn
& Hardart
Horn
&
1
Hummel-Ross
Hussmann
Huyler's
100
10
Corp
Co
112
300
112
10
18
__
1
I_
*
2,800
5ft
2,200
7%
,
400
42 ft
4%
5 ft
19 ft
41
41
1
1
27
26 ft
•
common
10ft
13 ft Mar
15ft
13
33
119
__5
1st preferred
Hydro-Electric
Securities
9 ft Mar
Jan
3ft Jan
26%
5
—•
Refining
Fibre
36
36
100
Ligonier
•:
•
(Harvey) Inc
&
15
__
*
Hardart
preferred
Hubbell
3,100
12% Mar
„
Baking Co
10%
9%
15
& Co common
Co common
Humble Oil
10
•
*
common
Inc
Horn
5%
M
7%
300
2ft
2ft
25'ft
26
25ft
111
36ft
5
11
lift
11
&
Stores
conv
Illinois
arrear
Zinc
For
common
ctfs
Co
footnotes
see
•
IZIHio
II"—'~
'111 ,.T*
preferred
page
1581.
8
6%
49
46%
14
ft
*
8ft
49.
13'ft
15'ft
10%
11
•
.
Scott
;
Apr
4ft Mar
Apr
Michigan
27
Apr
Jan
112
Apr
Apr
20 ft Mar
43% Mar
4
Jan
5ft Mar
6%
Jan
8'ft Mar
300
2%
Jan
200
20'ft
Jan
4'ft
Jan
43'ft
Jan
7ft
Jan
.
7%
.
8% Mar
v
1,000
>
51ft
7
2
•. '
Tift'
•
360
"2
__
'
■'
1
lft
Feb
Jan
2
Apr
3
Mar
2 '%
2ft'
4%
%
400
%
4%
50
-
-
1
7
"f ~7 ft
10
lift
36
Jan
116
Mar
3ft
5ft
Jan
Jan
5'A
Jan
»
3'ft' Feb
B
v
t
West
c—
1
•2'%:
Corp common—
5
10%
28 ft
13
Midland
Oil Corp
8'ft
49
•;
2%
5,200
1 %
107%
12,700
9%
Jan
9
Jan
2
Apr
2% Mar
Jan
10%
Feb
7 ft Mar
11%
'
Class
Feb
^ Feb
"7 ft
Jan
8
3,000
Middle
Jan
U Mar
200
Middle States Petroleum class A v t c.l
Jan
6
-•
10
Micromatic Hone Corp—
-
2 % Mar
800
'
.•
Jan
Jan
36
•
4%
2.50
Feb
8
103'%
110
60
•
4ft Mar
52'% Mar
Jan
%
2ft
'
—-
•
Apr
Jan
Jan
6
'
116
116
Feb
Jan
99% Mar
■<
lft Jan
10,800
'
4%
155
Jan
3'A
1,100
Jan
10ft
„
Jan
41
*x
■
1
:
Steel Tube...
Sugar Co
Preferred—.!
Midland
2,600
3%
100
Michigan
Jan
7ft
138
170
155-
50'%*
51ft
•
1
Michigan Bumper Corp new
119
Jan
24,800
100
r
v
lift Mar
10
Mar
Steel Products—
$2 conv preferred..* ft
—
—•
-
1
Apr
Mar
$2 non-cum dividend shares
Co
•
Abrasive
Oil
Apr
Midwest
Piping
Apr
Mid-West
20
•
common
Midwest
5%
&
Feb
27%
700
8%
3ft
3%
Textile Corp..
25c
Participating preferred:
15 ,'
Metropolitan Edison $6 preferred—
•
Mid-West
Dividend
common
4'%
153
•
5
common
Feb
Jan
1% Mar
6'%
100
-
Jan
U
"7ft
Metal
Midvale
Illinois Power Co
7
-
Apr
Jan
26
Jan
.
8%
*
Messabi Iron Co
18
9'ft
Feb
4ft
1,400
3%
3%
•
A preferred..
Jan
Mar
38%
600
19
'
~7ft
•
•
Co
Chapman
Jan
•
iygrade Food Products
33ft Mar
Warrants
6'%%
Consolidated G
Feb
1
common
13
lift
27 ft
29'ft
-1*.
lft :1ft
•
28ft
—2.50
10
Heyden Chemical common—
(R) & Co class A
Hoe
Border's
•
.
Johnson
81
33
*
10
16 ft Mar
8'% Mar
'.Jan
Jan
Com¬
Oil Corp
lift
5
common.
Co.—
Steam Shovel
Harris
Feb
Ltd
Co
V-.
Jan
2% Mar
Jan
5'A
*
Marine
Mfg
International
munication
1%
81
•
(The B) Co
•
Henry Holt & Co participating A
Hollinger
preferred
'
8ft
1
Stores.
2
,
1%
ManatI Sugar optional warrants
25
common
Preferred
Hewitt
8
Jan
41ft
—
50
25c
Mining Co
Helena
Jan
28
5
Dept Stores common
6%
Hecia
5%
5
10
Paper
Hartford
Hat
7ft
0
•
Co
Lamp
Hamilton
__50
Co
Supply
.1
9ft
Jan
15%
Apr
Mining Corp of Canada
350
9%
Feb
lift
Jan
Minnesota
Mining
&
Mfg
8%
325
200
1,000
"2 ft
2%
700
2
•
Refineries.
20,200
25'%
"2 ft
•
Jan
23%
Apr
26ft
Feb
Jan
2'A
Jan
Apr
lft
8'%
Jan
8% Mar
Jan
2
Feb
17
-
Jan
2'% Mar
1'% Mar
_•
;
24
15 ft
2
10
&
24
1%
8'A
25'%
58
58
59'%
425
1?|
Jan
Mar
59%
Apr
52,
Volume
Number 4273
159
THE COMMERCIAL & FINANCIAL CHRONICLE
1579
NEW YORK CURB EXCHANGE
EANGE FOR WEEK
STOCKS
New
York
Curb
Week's
Range
Exchange
of Prices
Par
Minnesota
Low
High
Low
.100
97%
Mississippi River Power 6%
pfa
.100
109%
8%
Jan
Mock Jud
Voehringer common
Molybaenum
Corp
10
Pictures
Monroe Loan
1,900
19%
14
Producers
2%
1%. Feb /
7%
Apr
Pioneer
22
Mar
Pitney-Bowes
Governor
Gold
6%
6%
100
6%
Apr
27%
28%
5,600
22%
Jan
29 % Mar
14%
15
200
12%
Jan
17%
—.
mil
2'/a Mar
Jan
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Feb
.
,
E
RR
173
:.
17%
450
16%-: Jan
18%
30%
175
28%
31
Feb
9
—5o
"1% -Il%
A
"5%
-10
5%
6
1 %
.600
900
.
18
100
-
2%
12 V2
400
13%
-12%
100
11%
Jan
'—100
64
,
:
13%
..7.6% Jan
•
Hess common
7%
preferred
National
City Lines common
preferred--
—
.
Polaris
Power Corp
Steel
Union
Oil
Navarro
II
&
new
Jap
20
Nehi Corp 1st pfd-
12
Feb
Jan-.
Jan
Jan
12%
100
300
10
5,200
18%
New
9%
50
8%
12%
600
11%
1%
700
1%
4%
111%
T 20
3%
ill
$2
100
Haven
New Idea
Clock
Inc
Co
New
Mexico
&
Y
N
Y City
Auction
N
Y
Y
Co
N Y
3
25
18
104
600
200
55%
55%
1,300
55%
300
2%
3
3
3
6%
of
Water Service
N Y
6%
1st
57c
preferred
2d preferred
57c
Class
Class
A
2%
80%
/ 79%
-
Nineteen Hundred
Nipissine
-
Corp B
Mines
Class
67c
B
102
North
American
Northern
Northeast
North
preferred
Northern
Brass
Ohio
Edison
Co
Ohio
-7/28%
1st
7%
105% Mar
3%
3*2 Mar
Jan
Jan
103
,
100
28%
28
"9%
Ltd
$3
54% Mar
> 1
Jan
$5%
Oliver
prior preferred
conv
7
Jan
87
Jan
Jan
108
Mar
Feb
116
Mar
13%
7%
4,900
24%
100
United Filters B
Overseas
3%
3%
3%
23
300
18%
150
111
110
3%
1,400
21%»
21%
Jan
10% Mar
Jan
14%
Jan
27% Mar
109
Apr
Jan
Jan
■
•
4%
Apr
Feb
21% Mar
112%
Feb
112
Feb
114% Mar
40
115
Jan
118%
Feb
109,110
40
108
Jan
112
74
200
151
120
Jan
13
Mar
8%
Jan
10
Feb
723/4
71%
Jan
75
Jan
Apr
154
Jan
149
10%
Jan
l7/e
Jan
1%
3,000
1%
Feb
13%
1%
1%
13
1,125
12%
Jan
Jan
-
«...
•
x40 %
——
16%
49
49
25%
2%
Jan
20
27%
Feb
243/4 Mar
Jan
12% Mar
12
12%
225
11%
1
2%
1
%
Rochester Gas & Elec 67c
Cable Corp
Rome
pfd D
Pendleton Inc
Roeser &
Petroleum
Root
100
1 % Mar
2%
300
2%
Feb
3%
%
500
%
Jan
10
105 Vb
13%
50
108
Jan
Apr
13%
Apr
153/4
Jan
123/8 Mar
2%
Feb
700
SVs
Jan
100
17%
Jan
19
17
Jan
18
Jan
8
5
~2%
1
~2%
5%
18%
20
convertible preferred
$1.20
Jan
% Mar
10%
13%
—i—
Apr
Feb
Jan
9
Mar
5
Co
Feb
14%
%
108
108
108
—
common
4%
Jan
11
200
jij
Valley Gas Co v t c
Jan
3%
1,100
Radiator
Jan
Jan
2,500
Rio Grande
Jan
23/4
Jan
1%
500
Richmond
30%
12%
22%
4%
Mar
49
21%
3,400,
22
14%
Feb
17% Mar
Mar
48
2,300
2%
x40%
Feb
15%
700
17%
Jan
Jan
——
.
17
15% Mar
200
5%.;
18%
•
—
1—2%
1
Aeronautical Co
1
•
Ryan Consolidated Petroleum——•
mm
Ryerson & Haynes common
1
5%
_5%
"5%
200
1%
1%
6%
1,300
5
■**
1%
Feb
Jan
Jan
Mar
4%
Feb
;
Jan
'
Jan
5%
Apr
2'%
3 '/a Jan
t
1%
2%
Feb
St
Corp Ltd
Lawrence
Class
St
Paper
preferred
7 7o
Salt
5
—100
common
Oil
Dome
4%
4%
9%
9%
43/4
25
10%
146
United
Co
Co
common
•
Schulte
(D A)
Convertible
25
25
•
—
Manufacturing—
Scrantoh
Electric
Scranton
Lace
Co
•
2%
Shoe Co
Selected Industries Inc
-
38
2% Mar
17 % Mar
l3/4
503/4
Jan
27%
Mar
3
Jan
1,550
Jan
70% Mar
x32
Mar
90
24
Feb
27
Mar
40
64
Feb
81
Apr
800
11
2%
9%
Jan
12% Mar
300
2%
Apr
3% Mar
73/4
1%
40
Jan
42% Mar
100
73/4
"%
1%
7%
1% Mar
1
Jan
G%
Jan
8% Mar
Feb
17% Mar
3/4
Apr
3,700
800
1% Mar
"}&
4,800
5
7%
7%
350
25
69 %
70%
600
67
Jan-,
70%
70%
50
69
Jan;,.,
%
%
600
1
common
Convertible stock
Apr
Feb
16%
1%
1
•
•
Selby
26%
4 3/a Mar
Jan
1%
14
1,300
41
41
*
Inc
Bros
10%
1
common—
Securities Corp General.
Feb
10% Mar
Jan
29,600
3
67%
78 —79
100
Feb
156%
Jan
32
300
15%
31
26%
Brook Water Service—
*
preferred
Steel
633/4
30
•
common...
Scrantoh Spring
Scullin
preferred
$6
2%
3
67
31
25
2
15%
1
common
preferred
3%
2%
500
38
38
2
6
Scovill
$6
'
*
Oil
Savoy
Schiff
3%
—1
Corp common
Mills..
Sanford
"5%
83/4 Feb
7,500
■
Samson
Jan
Jan
4%
7,600
149
149
149
1
Co
2 3/4 Mar
2% Mar
•
50
pref
$2 conv
A
Regis
.
6%
8 3/4 Mar
Feb
77., Mar
75% Mar
Feb
5% Mar
•
22%
22%
22%
111%
440
Serrick Corp class B
Jan
55% Mar
113
Jan
6%
Apr
7% Mar
Feb
9
6%
100
Jan
83/8 Mar
Mar
Shattuck
—
5
Shawlnigun Water & Power
Sherwin-Williams common
57c
Silex
Co
100
pfd series AAA—
cum
Sherwin-Williams
of
Canada.
•
Jan
4%
Jan
7% Mar
3%
3%
800
2 3/a
Feb
12%
Jan
95%
II
95%
100
91%
Feb
110% 110%
..
40
110%
Apr
Jf Feb
133/4
Feb
Apr
Jan
Mar
97
115%
Feb
Feb
13
Mar
13%
Feb
16
Jan
26
Jan
12
•
common
Jan
3%
—
•
25
3/a
7
•
Mining
Denn
,
3%
%
1
1
Seton Leather common
8
7%
7%
Safety Control
Sentry
22% Mar
'
•
..
certificates
Jan
XI10% Mar
100
6%
6%
1
prior stock
Allotment
54
L '
111
5% Mar
7. $5.50
183/4
2,000
■
1
500
4
Lock & Hardware
Seiberling Rubber common
100
*
Securities
10
14
Segal
116% 116'%
111
143/4 Mar
•
Seeinan
114% 114%
116%
•
Omar Inc
Apr
104
13
50
_
■" Mar
5%
10
5
preferred
Mar
4,700
10
24%
15
common
Apr
114
9%
107% 107%
100
common
Oklahoma Natural Gas
Feb
87
100
preferred
Oilstocks
Jan
%
31% Mar
% Jan
,
Jan
1
Feb
119
Jan
;
Jan
11%
Apr
Jan
6%
Jan
200
Feb
Mar
93 %
Mar
2%
Jan
28%
Jan
9%
Jan
.1,625
101
500
A Mar
13
Jan
%
a'a
106%
Jan
4%
Mar
13%
6% Mar
Jan
Jan
700
115
.
200
Aviation
»
Dry Goods
Richfield Oil Corp. warrants
Stix
Roosevelt Field Inc
17% Mar
1/128 Feb
1%
Jan
•
Engineering
&
Jan
10%
10%
5
Co
Jan
4%
100
1st pfd
Roller Bit
Reed
77
5%
12%
13%
149
2%
83%
105
19,400
108% Mar
Apr
Jan
11
25%
Feb
100
.
Jan
Jan
~9 %
10
Ryan
8,600
"%
■
8
8
108
Mar
14
Apr
116% Mar
52% Mar
__
% Mar
Jan
Jan
7
13%
1
Red Bank Oil Co
Russeks Fifth Ave
28%
28
•
37a
700
10
98% 100
common
Jan
1,100
119
99 %
10
Railway & Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common__50o
Voting
Feb
5%
4.15-
•
common
preferred——
Public Service
67c
B
Jan
7'/a Mar
R
Apr
600
2 ft
1
preferred
Apr
1
Jan
6%
Co
Power
2%
\l
4
class
$6
Ohio Power 4%%
Z Mar
26
0
Ohio
Quebec
74%
2,100
•
Ogden Corp common
30
44% Mar
10 %
Royalite Oil Co Ltd—...
12%
25
Corp
.Jan
Jan
Jan
114%
74
Jan
20
11%
107%
".
108
108
108
151
Jan
100
States Power class A
Novadel-Agene
Mar
4
Jan
300
5%
pfd_100
Feb
7% Mar
6
Jan
3,200
i7e
7
113/4
Quaker Oats common
67o
preferred
975
1/128
77 *"l%
•
3 %
26 %
200
12%
•
5
-10
.
111
50
Public Service 6%
Jan
10 % Mar
Jani
9%
1
RR Co
31
Manufacturing
Pyrene
-75
5
Airlines
Penn
Nor Indiana
7%
Texas Oil
"7%
•
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Jan
50
Utility Securities
Central
Feb
Mar
43
5,900
10
Common
Feb
200
•
prior preferred
Jan
Feb
Mar
Puget Sound Power & Light—
64 /
ft
12%
:•
common
.100
109%
5%
1
North American Rayon class A
Jan
35
Jan
106% 106%
Light & Power common—1
preferred.
•
250
,
.100
29,900
2%
North Amer
$6
30
%
1st preferred
Rice
Jan
A
5
Jan
5%
400
%
7
Republic
11%
1
Electric
2
5,800
"7%
America—
1st preferred
Feb
112%
5%
•
'
30
90
-
81
1/128
-
100
Niles-Bement-Pond
Noma
"2%
5
preferred—
7
/ \l
1%
Jan
Jan
100
optional warrants
Class B optional warrants
Niagara Share class B common
2%
5% Jan
270
:
70%
,
10
A
2%
6%
66 %
69
100
x_
15
123/4
7% Mar
33/4
Jan
20
109% 109%
100
Niagara Hudson Power common
16% Mar
Feb
Gas
59%
Mar
13
109%
Jan
133/4
Corp of Nevada
Prosperity Co class B
Jan
80
105% 105%
pfd.100
pfd__
4
Producers
Jan
400
14
14
115% 116%
9%
Jan
1
N Y State Electric & Gas 45.10
Jan
common
Reliance Electric
21%
10
shares
3%
Mining—,
19 3/4 Mar
7%
10
Feb
20% Mar
Jan
3%
.
1
9
106%
Shipbuilding Corp—
Founders
200
62% Mar
Railway & Light Securities
60% Mar
18% Mar
35
Light 7% preferred—100
preferred
•
33/4
14%
Feb
Mar
7% Mar
Apr
..
Merchandise
109
Radlo-Kelth-Orpheum option warrants.
7%. Feb
r'r
Feb
80
_•
.
Jan
33/4
Jan
7
Jan
•
common
Jan
95
Jan
87%
Jan
8%
55%
47/a
Jan
47%
18%
Y Power ii
$6
300
Omnibus warrants
Honduras Rosario
&
19%
104
1;
8%
1
11
500
29% Mar
Jan
18%
25
Land
Arizona
Jan
100
106% 108%
106%
370
Jan
114
Jan
•
New Process Co common
N
925
104%
J
•
common
New Jersey Zinc—
N
104"%
6%
59%
19%
England Tel & Tel
New
N
6%
preferred
New
4%
6%
400
58%
58%
1%
Feb
5%
100
8%
Apr
13% Mar
Mar
500
.7;V
-8%
•
7
6%
6%
9%
Jan
111
87%
6%
100
55%
11%
Jan
Jan
21% Mar
Jan
26
111%
62%
127/a Mar
Feb
600
Feb
11%
Jan
1%
4 'v.-
■
T
preferred
Jan
Jan
Jan
13%
Jan
•
England Power Associates
6%
407/a
/. 7 7 Mar
Feb
9%
Apr
58
Apr
12%
4
14
Apr
21%
Neptune Meter class A
Nestle Le Mur Co class A-
Mar
61
23/4
Inc
Metals
Pressed
Jan
12
Jan
10%
•
Corp
8% Mar
of Canada
Gold
Prentice-Hall
Jan
44% Mar
11%
10%
„
—
5
(Herman)
30
35
19%
—
100
Nelson
Jan
Jan
50
6,600
•
1
preferred
1%
Jan
12%
30o
Co
Nebraska Power 1%
11%
10%
com—1
Radio
2%
113/4
Alexander
Premier
Feb
47
Feb
100
54
.
.
12%
__
—12.50
Mines
Tunnel &
Jan
4%
•
10
National Transit
Jan
Jan
113/4
Pratt & Lambert Co.
Mar
80
1%, Jari
2,100
13% -14
.54
11%
•
Sugar RefiningNational Tea 5%% preferred
National
3,500
—*
National
National
13%
.
•
Ltd-;
Car
143%
100
1%
•
Rubber Machinery
Jan
1%
900
common
Mar
35
*
National Mfg & Stores common
National Refining common
Jan
61 %
.
Mining Co
Powdrell
35
.50
...
National
16%
1%
28
50c
convertible
National Fuel Gas__
National
16%
.
1%
__25
*
_
Candy Co_
Jan
73/a
Public Service of Colorado—
•
National
$3
"
-
.
1
National Breweries common
33%
7
2,000
8%
—,
6 7c
Corp
Bellas
M*
8
common
Apr
10% Mar.,
JanV.
Inc
.Feb
16
,
Plough
Pneumatic Scale
Jan
131
r
Jan
Jan
1% Mar
21%
?
Apr
14%
>12%
/
.6
Feb
127
,14
Mar
9%
Jan.;.
Jan
5%
150
21% .21%
Jan
Feb
N
Nachman
313/4 Mar
39
•1%
Pleasant Valley Wine Co
7%
xl67%-Mar
Providence
National
1%
8
Meter
Pitts Bess
& L
High
25
27%
Ltd
4% Mar
,
Low
32%
•
common
Postage
Range since January 1
HUih
Low
32%
common
Mines
Shares
—25
pfd
Co—
Securities
10%
30%
common
„
Phoenix
Pierce
Feb*.
170
Co common
preferred
Apr
Packing
19% Mar
•
■
Feb
170% 172
17
Muskegon Piston Ring
Phillips
for Week
of Prices
Par
Phila Electric Power 5%
Sales
Range
Last
Sale Price
Feb
10%
Week's
Friday
Exchange
"
170V*
Mountain States Tel & Tel
Muskogee
114
Jan
6,100
•
Feb
100
8% Mar
—10
—
Power
Jan
15%
-1
A_
Utilities
Jan
850
4
3%
Murray Ohio Mfg Co
6%
10
_4
-III
Ward A
——
Montreal Light Heat & Power
Moody Investors partic pld
Mtge Bank of Col Am shs
Mountain City Copper common—
Mountain
100
9 %
Montgomery
Mountain States
19
18%
common
Society
Dakota
Montana
250
_.l
i.
Monarch Machine Tool
Monogram
10%
19
2.50
.
Curb
High
Jan
10 %
York
STOCKS
pfd
Public Service common
U
Range since January 1
Pwr & Light 7%
Missouri
APRIL
New
Shares
Last
Sale Price
ENDING
Sales
for Week
Friday
15%
15%
15%
50
Simmons-Boardman Publications—
Can
Pacific
Gas & Elec
5V2 7o
Co
1st
•
common
6%
1st pfd
Power
$1.30
&
Public
Light 7 7c
pfd
Pen
Corp
Co
preferred
Feb
Singer
32%
Jan
Apr
400
270
—
—••
•
—
7%
.27
-
'
19%
7%
I.
*--♦
30%
5%
Penn
$6
Power
&
Salt
Mar
82
Mar
9
Jan
8 % Mar
Jan
24
27
68%
50
-
'
'
__
—
"l%
"l%
Manufacturing common
South Coast
Corp common
Oil
Jan
36% Mar
Mar
Penn
Southwest
Southern
Apr
33%
Jan
5%
4%
10,400
1
South
19%
.50
30%
100
Mfg
Jan
5%
Jan
67c
64%
Jan
70% Mar
43
Mar
%
500
Jan
43
1%
Mar
Feb
7 7c
Colorado
Power
preferred
103%
450
94%
Jan
104% Mar
Southern
99%
40
90
Jan
100% Mar
Southern
Phosphate
25
161
Mar
Southern
Pipe
III50
Co
Mfg
~— »
IIIlOO
I III—1•
_II——1
Co
Co
Pharis Tire & Rubber
Philadelphia Co
common
footnotes
162
2—2.50
see
page
•
1581.
162
—
63
63
129
33%
~8
8
10
—
64%
350
250^'
130
2% Mar
63
125 v
Jan
33%
Apr
Jan
Feb
Jan
3%
3%
1,100
2%
Jan
Jan
26
2%
Jan
Jan
275
3%
Apr
Jan
111
13%
Feb
33/a Mar
53/4
6%
1,900
Jan
63/4 Mar
3%
2%
3%
14,300
2%
Feb
3%
4%
43/,
300
4%
Jan
■4% Mar
2%
Jan
3 % Mar
33/4
Apr
2 3/4
100
41
41%
500
40%
Apr
44%
Jan
30%
30%
150
28
Mar
30%
Apr
37%
38%
430
37
Mar
43%
Jan
30
30%
1,100
30
Apr
32 %
Jan
29%
100
29%
Jan
31%
Feb
Jan
1%
Feb
23/4
30
29%
l3/0
1%
1%
100
1%
Jan
75
Feb
129 % Mar
130
Jan
67
9%
6
9%
5
9%
9%
10
Jan
53/4
10
Co
130%
5%
5%
£% Mar
5%
Apr
100
8 3/a
Jan
400
9 % Mar
10%
Jan
5"% Mar
63/4
Jan
700
PA Mar
Spanish & General Corp—
31
Jan
;
7
Jan
10%
200
9%
A—25
Line
Southland
Jan
Mar
100
8
Feb
2% Mar
England
class
2%
234
2 3/4
100
Telephone.. 100
Royalty Co
Spalding (AG) & Bros
1st preferred
100
33%
xl65
New
1
1
1
1
25
25
25
preferred
preferred B
5%% preferred series C
Southern
100
123,4 Mar
25
Pipe Line
California Edison—
original
500
108
..10
Pa
98
Co.
Co
Apr
Jan
Jan
2%.
241
£1
100
*
Co
Corp.
Apr
16%
34%
5%
Aircraft
Manufacturing
Soss
240
1
Solar
Solar
Sonotone
102
Traffic
For
20
Feb
983/4
Water & Power Co
Circle
Jan
(Howard)
102%
Penn
Perfect
19
'
'
regis
pfd
Paper Mills
•
Penn
Pepoerell
31
68%
1
dep rets ord
City Gas & Elec 7%
Light $7 preferred——*
preferred
Penn
Smith
32
4,200
—'■
5%
•
Sioux
Feb
6% Mar
250
19%
v
•'
30%
com
Feb
6
7% Mar
—
Corp common..
1
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
•
A
105
2%
1
100
common
Manufacturing Co
Amer
Jan
80
■
■
Pennroad
Gas & Elec class
100
13,400
__
27
18%
"•
-I-
—
.
26%
<•'
•
t,.
Jan
Jan
5
,__25
Penn
96%
,
7%
—
.
33%
108
'
19%
——
—•
•
A
J
•
•
common
106% Mar
Simplicity Pattern
'
'
■
•
Singer Manufacturing Co Ltd—
33%
107%
~_i
Parkersburg Rig & Reel
Plymouth Mills
$1.40
Apr
36 %
33
10
Telephone
14%
Jan
107
,__1
Patchogue
Peninsular
Jan
35
33 %
•
preferred
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Parker
13
1,400
,
107%
100
Service
Motors
100
363/8
♦
1st
Paramount
14%
35%
36
25
Lighting $5 preferred
preferred—
14%
25
preferred
Pacific
Pacific
Pacific
convertible
$3
Pacific
Jan
68
Mar
8% Mar
Amer
Amer
dep rets ord regis
1
6
6
6
900
Jan
40
•
3/a Mar
dep rets crd bearer
10% Mar
...
%
1,000
1/4
Feb
Jan
45
❖ Eeu
t78
Feb
THE
1580
EXCHANGE
NEW YORK CURB
FOR WEEK ENDING
RANGE
Sale Price
Low
Par
preferred—.
Standard Dredging Corp common
$1.60 convertible preferred
Standard Oil (Ky)
—
iHugoi
Products
preferred
$1.50
Sun
1
Sunray Oil 5 V»%
conv
Port Cement class B com
Finch Oil Corp
bupertor
Swan
%
Jan
%
ft
3,100
22
1%
Apr
j*
Feb
1%
500
1%
1,500
ft
1%
100
-
1%
"5%
Jan
4%
3%
1%
450
8%
Jari
Feb
%
Feb
.10%
10 %
%
2%s
s
f debs
s
f decs
Writing
17%
26% Mar
18%
100
17%
Jan
14%
100
12%
Jan
15
51
51
150
51
Feb
52%
15
Apr
15%
"9%
~9%
100
Apr
10
Arkansas
19% Mar
14%
Mar
III*
Xll6%
—
Light 1%
Texon Oil & Land Co
Power Si
Shovtl
Thew
Tilo
2
Apr
81
Product
12%
40
114%
6%
1,500
6%
22%
250
19%
Feb
1,200
6%
Jan
~
4%
5
1,100
1
Jan
40
58
59
59
''
4%
4.
rets ord
dep
Amer
10%
4%
dep recs def reg__
Jan
Shipyards Corp
Toledo Edison 6%
preferred
7%
preferred
Tonopah Mining of Nevada
Trans Lux
Corp
—
%
%
n
1
3%
3%
3%
—10
20
20%
warrants
1%
Inc
*5
125%
128
105%
6
104%
106
—1953
J-J
82
82
82%
84
6%
•
6%
•
10%
10%
J-J
27
26%
27 Va
47
23%
23%
29%
deb
M
109 %
Feb
115
:
'
%
Jan
Jan
Manufacturing
Unexcelled
Gas
of
Union
Investment
Jan
6s
Apr
1957
United Chemicals
$3
common
& participating
cum
deb
400
16%
•
pfd
Jan
Debenture
Debenture
105%
102% 103%
12
102%
102% 103%
42
101 %
103%
101 % 101%
28
99%
102 %
2
105%
40%
41%
1958
1948
..1954
•
preferred non-voting
Option warrants
United l ight & Power common A.
class
Common
Molasses
7%
Feb
Feb
6%
Feb
Gen
9%
Apr
Jan
Jan
62
1%
33
"1%
9,400
117% 117%
600
xll6%
Mar
Feb
Jan
ft
54%
2,200
90
preferred.
90
Electric
Feb
121%
Water
Jan
Finland
% Mar
Feb
%
Feb
53
Apr
63 % Mar
Mar
37
Jan
90
Feb
90
Feb
200
4%
Feb
4
Profit
%
-.10
preferred
United Shoe Machinery common- —25
10%
U
S
U
Foil Co class
S
U
S
Graphite
1st preferred
$5
U
n
S
5
with warrants—
«
Reclaiming
Rubber
l50o
United Stores common
United
Wall
420
6
Paper
Cooler class A
•
Universal
Pictures
Products
1
Utah-Idaho
Utah
Utah
5%
Jan
Houston Lt
88
6s
78%
Jan
600
2 ¥4
Jan
3% Mar
1%
300
1%
Jan
2% Mar
%
200
ft
2%
%
Apr
Jan
At
Incnana
Indiana
Apt-
1st lien &
Jan
2¥« Mar
Indianapolis
20
Feb
18%
Jan
26
18
Jan
2 3 ¥» Mar
20%
Jan
24% Mar
Jan
1%
•
preferred-
IIIi
Products
Equities
Utility
350
100
_10o
common
2%
57
57
5%
5%
1%
—
1,000
5%
2%
Jan
700
2%
58
51%
Jan
1,800
4
Jan
600
1%
Feb
525
1%
T—
99
116
141
99
102%
.—1958
—1944
1955
1956
2030
1956
A
5s
—3
stock
,
78%
79
-
$4
Corp
74%
Jan
\
Virginia Public Service 1%
Vogt Manufacturing
pfd
2
2%
39
37
39%
410
1
preferred...
Petroleum
2
8
common
eonvertlole
11%
10%
11 ¥t
23,800
100
119
•
—
3,300
9
1%
27
8%
3%
A6%s
Feb
6
Mar
1¥4
A7s
A7s
Co
_
Wagner Baking voting trust ctfs
1%
2%
Apr
40%
Apr
Feb
11 ¥4
Apr
105
Jan
8
Feb
"
126
9%
Jan
Apr
Bond
I™
claw A
•
~T'~5
Manufacturing —IIIl".2S
Texas
West
Va
VvVs«ern
Utility $6 preferred
Coal
&
17%
5
Inc
j
Western
Grocer
Maryland Ry 7%
Co
Western Tablet Si
Feb
3%
Feb
7%
Feb
9¥s Mar
1%
100
"4
4
109
8
7%
7 ¥4
4%
109
8%
8%
1,900
10
14,400
1,200
18% Mar
14%
Jan
1%
Feb
l¥4 Mar
J an
18% Mar
15
•
3%
109
5%
7%
Jan
4% Mar
Apr
110%
Feb
Jan
8¥s
Apr
Apr
9% Mar
20
1st
Stationery
pfd" 100
IIH20
see
page
1581.
115
115
30
—
26%
26%
—
125
74
101%
$58
Z.—
98%
106
97%
3
$~
106%
,
58
'
52
101% 102%
1235/8
103
1
104%
102%
10
98%
96
104%
123%
128
104% 104%
98%
60%
98%
101
104
101%
103%
98%
100%
63
1103
103%
100
100%
61
104% 104%
J-D
14
100
105
3
101
103
]00%
M-S
J-J
F-A
J-D
J-D
102
102
107 %
1107% 108%
105 %
~l
100% 100%
4
105%
197
}68%
J-J
103%
68
108%
106
100%
101
69
,
110% 110%
110%
J-D
:
93%" 96%
64%
10
110
A-0
104 %
104%
4
102
A-O
104%
103
104%
2
102
1953
1956
1957
1958
A-0
J-D
M-S
106%
106% 106%
105%
105% 105
ft
141
104 %
104% 104 %
10
M-N
103
103
1950
—1963
J-J
F-A
—1970
M-N
L 3%s
1
88
6
103
84
Jan
18¥4 Mar
23
Jan
120
20
27%
Mar
98%
97%
99%
99
97%
99%
70
111
105
'
tlQVA
i05%
105%
104
106%
104%
102% i,Q3%
93% 100%
1941
$24
$28%
30
J-J
$28
30
1952
1963
Kansas Gas & Electric
6s
Si Light 3%s
Kentucky Utilities 4s
Lake Superior Dist Pow 3%s
Lt
5s
Radiator
<&
stamped
Co
conv
4%s
Edison
4s
E
G
series
Midland
Valley RR—
at 4% to
Gas Light
4%s
ref
Mississippi
Nebraska
6s
New
'
1969
95%
141
69
73%
54
33
33
33
$107
$106
River Pow 1st 5s
Suffolk Ltg 5s
Power
series
J-D
J-D
1957
1951
J-J
M-N
1943
F-A
J-D
M-S
2022
Gas
5s
1948
,
J-J
100% 101
$100
95%
60
73%
29
35
107%
108%
107
122
112
107
108%
106
106
15
102%
10
99%
100%
100%
$106
107%
106%
105%
101
101%
110
108% 108%
103
2
108%
110%
103%
8
102%
103%
103
66%
*
104
66%
2
62 VB
68%
107%
A-0
1981
4%s_.
A
Amsterdam
M-N
J-J
103%
24%
88%
111%
2
106%
103
1
F-A
M-8
M-N
M-S
25
120%
108%
107% 108
103
J-D
1967
28%
"*29
106%
9
$111% 112%
107%
A-0
1965
1943
3
$120% 123
M-S
J-J
1948 '
1947
1971
•
107% 108%'
J-J
—1970
1966
—1955
5s
Mississippi P & L 5s
Feb
2022
1978
P & L 4%S
Minnesota
Mar
93%
73%
J-D
1963
Extended
&
;
28
25
93%
Mfg—
Milwaukee
1st
1966
-
22%
M-S
1957
&
Pow
Metropolitan
4s
1965
.
109
25%
25
—
..1952
,
6s
100 %
23
J-J
J-J
J-J
.1957
5s
6s.
Kansas Power
—
1957
—1952
coupon)
......
93
106%
25
28
F-A
1941 coupon).
Power
26
24
J-D
1955
...1957
coup)
52
115
106% 107
1953
1941
Superpower
Nassau &
•
com
Westmoreland Coal
footnotes
50
17%
1%
•
Coke
Air Lines
Western
For
17%
140
Jan 1949
Middle States Petrol 6%s
«
West
300
Mills—III""
Knitting
Ventworth
9%
3 Va
i or,
Class B
Wayne
9
96%
96
103 Vs 104%
M-S
1966
Jersey Cent Pow & Lt 3%s
Kansas Electric Power 3%s
6s
300
102%
$122
104%
.1958
5s
F
(July
Interstate
Mengel
3%
22
103% 103 ¥4
103%
M-S
1945
E——,
(Aug
Louisiana
3%
ext.I*
preferred
Waitt &
•
90%
95%
96
M-N
1950
1950
1963
C_
(Dec
series
A7s
Jan
79% Mar
W
Aircraft
9
102% 102%
104%
1941
5s
Si
P
series
McCora
Waco
-
96
Bank—
ref 5s
series
A6%s
A7s
Jan
61
Jan
300
9%
102
glnternational Power Sec—
Mar
Feb
390
113% 120
■
101% 102%
Light Corp—
&
Service
Debenture
Vabua,
125
$108% 114
1954
6s
Hydro-Elec
Altallan
Venezuelan
124
1952
'
priority
$5.50
.
v
21% Mar
Feb
7
4,300
125
M-N
F-A
J-D
M-S
M-S
F-A
M-S
1st & ref 5%s series B
Jan
Jan
12
400
23%
122
5s series C——.
ref
Apr
200
23%
6
6s series A
& ref
1st
2 ¥4
2,900
8%
22%
104
A-O
107% 107%
103 % 104
..Jan 1949
Power
1st
*
8%
2%
12%
8%
22%
107 %
102¥s
B
12 ¥4
2%
12%
23
105%
9
& Pwr 3%s__
series
Illinois
Mar
90
275
3%
1%
21%
.1
Hygrade Food 6s ser A
Jan
West
St
Guantanamo
Jan
1%
23%
110%
; 110% 110%
Jan
6%
9%
22
109
Products
Certificates of deposit
Jan
Feb
5
Sugar
Power & Light $7
R«»dio
•
Co
1
Grocery Store
Jan
3%
1
common..
Voting trust ctfs
Universal
102
J-D
J-D
J-J
Pow 3%
Mountain
Jan
Feb
..10
Insurance
102
98%
1971
1969
1976
stpd
5s
"
Universal
97¥e
'
118
4s
West
6%
11
■
103
118
4%s series A
(Adolf)
74%
500
"8%
102
98 %
1
4s
44%
1,600
ft
Coal
Jan
6%
%
99 ¥4
10
A
Jan
86
87
3
162
60
5s
4%
69
"u
"l%
101
118
5%s_.
3%s
Nor Power
Green
105
118
Mtge
X43 % Mar
9
-10
Consolidated Oil
Universal
900
~
2%
Universal
5%
Jan
104
104 Va
100% 101%
5s
Serv
Trunk
79
101 ¥4
a
101 ¥4 102
M-S
§AGobel
Mar
~~u
\
^
'
IIIl
Radiator common
8
•
975
44
5%
•
Securities..
71%
43%
5%
1
B
common
and International
70%
71%
•
1
common
7
6% Mar
—
—28
Preferred
United Specialties
%
Feb
F-A
...1965
Grand
Sharing
102%
A-O
J-J
J-D
Alden
70 ¥«
1
105
10l
M-S
1969
1953
AGeneral Rayon Co 6s ser A—;—1948
Georgia Power Si Light 5s
1978
Great
United
114
102 ¥« 103
A-O
1961
El
Service
Power
Pub
General
.100
United N J RR & Canal Co
72
3
71 %
102% 102%
105
118
5s
Light
Residential
Gatineau
Apr
I
101 ¥4
stamped
6s-5s
—
102
Si RR 5s
Lt
District
Glen
4%
100 %
M-N
3%s
&
Power
Water
Federal
Co Ltd—
4%
45%
98
stmpd—1953
Textile 5s
Empire
ft Jan
ft Jan
600
10
37
(Bait City)—
Gas
Mar
3
35
53%
54
36%
7
(Baltl—
& Pr
Packing
Elmira
16% Mar
Apr
%
1,300
%
»'«
ft
44 ¥4
61
42
100
A-0
Eastern Gas Si Fuel 4s ser
Feb
100
1951
Tobacco 5s—
Cudahv
94% Mar
Jan
ft Mar
13,500
ft
ft
107
A-O
mtge 4%s
Cuban
2 % Mar
Feb
1%
Iff
106
1958
A
7s
Pr
Continental Gas Si EJ
Feb
Mar
M-S
J-D
1966
1950
40%
40%
J-J
1927
1952
2%s ser Q
A Consolidated
14%
80%
II*
39 Vb
40
J-J
M-S
1953
mtge 3s ser P
Consolidated
—
17
310
dep rets ord regis
Amer
Jan
5%
300
B
participating
$3
United
4%
24,000
Milk Products
United
ref mtge
%
117%
preferred
1st
$6
ref
1st
7%
& Lt 5%s
N
1st
16
$7
1st
106
1954
Lt
series
Jan
88%
~i%
J-D
104%
1969
El
Gas
Feb
_2
1%
101 ¥a
M-N
1964
3%s
Jan
&
2%
87%
.—J
106%
1
T
103%
*.
Lt
4
%
United Gas Cdrp common..
120%
150
I
5s
Jan
~1%
United Elastic Corp
115%
119%
150
A-0
5s
Power
5s
Jan
Jan
"i%
.10c
Stores
warrants
uorp
1,000
8%
114%
1
108
106% 106%
$106
J-D
5s
7%
59
16
16
preferred
$5
Uiuteu
7%
7%
8
119% 119%
*98
M-S
1955
2%
87%
cfgar-Whelan
United
1
«
114% 114%
108%
107
1962
5s
11%
_
.„
Q-F
B
Service
Cities
Jan
i
common...
Jf-N
1970
Gas
&
Jan
4
10%
1,600
J-D
95%
85%
3
108 ¥s 108%
108 ¥»
..1968
,
Conv
6
7
1998
B
6s
2%s
El
series
% Mar
;
Products.—
Aircraft
United
"5%
5%
92
26 ¥a
J-D
G%s
2%
.*10
Co
92
1947
§AChicago Rys 5s ctfs
Ry 5%s A
1
Canada
Union
29
M-S
Cincinnati St
23% Mar
10
100
27
23 %
F-A
.
5 %s
Mar
3%
26%
10
1960
Steel
Nortnern
3%s
3%
29
F.)-—
Central States Pow
Jan
4%
A
9% Mar
.10c
23 %
of Canada—
Consol
...1
—
Corp
Realization
98
M-S
C
111
Central
U
Dlen
27%
1964
warrants
Connecticut
Udyllte Corp
27%
26%
Jan
18%
400
26%
27
1977
5%s A
(B.
Edison
Canaaa
Feb
H
1,500
27%
A-O
.1955
5%s
series
5s
series
200
-
29%
F-A
65
1968
City Elec 3%s
without
29
1950
5s
& Sons
3,900
6%
84%
.79¥8
-
1949
1
11
—
4%s
10
10
1
Tung-Sol Lamp Works
80c convertible preferred
108¥4
125% 125%
deb
Bethlehem
62% Mar
Jan
3% Mar
900
107¥8
105
„
23 %
1st
Jan
Feb
400
3,500
20%
%
—-
9
'
104%
44
■
105
Birmingham Electric 4%s
114
.
-
107 ¥» 108
109%
101 %
99
125%
Blckford's Inc
58
.
~.r
1
Transwestern Oil Co
Trunz
,
100
1
J-J
Jan
108
200
62
"Too
...
Tri-Continental
61%
101% 101%
■
83
J-J
A-0
SACentral States Electric 5s
•
Todd
__
103%
103% 104%
104
8
5s
10% Mar
Feb
1%
—
—
—
—
9%
200
10%
#
107 ¥4
107%
26 ¥4
Boston
regis.
105
106
6
107 ¥4 107%
1956
Jan
60
Jan
Feb
3%
1,100
102%
21
102% 103
26%
Bell Telephone
5% Mar
—
High
Low
/
26%
5s
7% Mar
*
*High
M-8
Avery
x23 % Mar
7%
•
Exports
January 1
Sold
No.
1948
Atlantic
Jan
7
22%
—
Range Since
Bonds
Jan
117
Jan
Week's Range
or Friday's
$108 ¥8 109 ¥8
M-S
J-J
J-D
1970
—2024
AConv deb 5s
15% Mar
Jan
Mar
6
Security Trust Co Ltd—
Tobacco
Amer
2,900
6
Jan
4%s
A Conv
Mar
25
Feb
23%
4%
—
1
Allied Stocks
Tobacco
Tobacco
14%
Xll6% 117
6%
S
common
Realty Si Construction-
Tishman
800
Mar
5%
AConv-deb
Mar
7%
Co
Inc
Roofing
24%
13%
14%
pfd— III100
Technicolor Inc common
Texas
24
•
10
Jan
jAs^ociated Gas Si Elec Co—
Jan
AConv
100
10% Mar
Jan
4%s
Elec
Associated
5% Mar
Jan
5
5%
5%
;
Jan
5s
Lt
Si
Pr
Assoc T & T deb
1
—
...
6s
Paper
Appalachian Elec Pow 3'ftp
Appalachian Pow deb 6s
Feb
Feb
Jan
deb 6s
& Lt
Pow
Amer
A Debenture
Taggart Corp common
Tampa Electric Co common
Mar
ale Price Bid & Asked
J-J
J-J
1950
1960
1970
2016
11961
debs
f
s
3%s
Amer
18%
13
Apr
4
& Electric Co.—
3%s
Feb
17%
9%
Last
Interest
Exchange
Curb
York
American Gas
11% Mar
20%
14%
111
"2%
4,900
Low
Feb
100
Jan
Apr
Jan
110
100
2 i«
2%
Period
Apr
2%
800
2
6 Va
7
30
9%
Friday
BONDS
13% Mar
v
Jan
600
4%
2%
Ltd
Hargreaves
New
Feb
10%
Mar
4
11% Mar
5% Mar
7%
111
Apr
10%
2
10%
52
Jan
4.
1
Wright
Jan
9 1.
100
~9¥a
6% Mar
Jan
Jan
5%
Jan
14
Jan
12
Feb
..£1
Preferred
6%
Apr
43%
25
52
Jan
10
1% Mar
55
5
3
100
_$«
American
Jan
1%
100
Woolworth
53% Mar
20
55
13% Mar
Jan
3%
Jan
3%
...1
Woodley
Jan
9% Mar
Jan
10
10%
-10
1
Apr
9% Mar
Feb
3%
110
.100
pfd.
7%
Lignt
61
Petroleum
(F W| Ltd —
deposit receipts.,
Jan
Mar
71
Jan
Jan
52
50
•
preferred
Jan
13%
•
1
Co
Drug
Rav
114
Jan
7%
1%
"
i.—
Machinery
Sullivan
Mar
Portland Cement
500
Co
(Si
Power
Wolverine
54
JB
50c
—1
Corp
Stokely Foods Inc common.—.
Stroock
Wisconsin
8%
1%
Winnipeg Elec common B
18% Mar
17%
8
100
5%
19%
Apr
9
8%
Jan
High
^
Jan
Jan
10%
3%
1
Feb
%
9
Heating—
Inc
Products
Wiilson
Low.
16
Co
&
CI
17%
450
55
Oil Corp
River
Wichita
Feb
2% Mar
Jan
200
66
1%
1 %
30
20
1
1
1
Co common
(J B)
ftunues
(R
Oii-O-Matic
A
*
-*
-1
Inc
Stetson
65
136
----—J
Sterling Brewers Inc..
Sterling
Williams
Williams
8%
trust ctfs„1
preferred
2d preferred
Sterling Aluminum
Apr
Apr
1%
108%
1
1st
5%
10%
23
Range since January 1
50
17%
8%
-10
16
1,100
-"% ""%'
66
Bterchi Bros Stores
6%
Jan
Jan
Shares
High
17%
—
Sales
tor Week
Range
1
Shoe Mfg
Weyenberg
Mar
%
& Co common
(A)
18
IIIl
(Tliei Corp voting
Feb
6
150
19%
17%
1
Steel Co of Canada
Stein
19
"17%
——-—
class B—
Standard Tube
Starr ett
ft
5,800
4,300
..100
Lead
Standard Silver
1%
9%
Jan
4
2
—10
Products Co
Standard
1%
8
8'4
.—20
Light———
Standard Power Si
Common class B
preferred ——
Inc
2%
100
3%
3%
1
(Ohio)—5% pfd
Standard Oil
Westmoreland
4%1 Jan
Week's
of Prices
Low
Par
-10
18%
Shoe Corp
———
btanl-Meyer
Inc
__2.78
Standard Brewing Co
1
Standard Cap 81 Seal common—
10
Spencer
Convertible
Sale Price
Jan
3%
600
4
Last
Exchange
Curb
High
Low
High
3%
Friday
8 T OCKS
Range since January 1
Shares
of Prices
York
New
for Week
Range
Exchange
York Curb
New
APRIL II
bates
Week's
Friday
STOCKS
*
Monday, April 17, 1944
COMMERCIAL & FINANCIAL CHRONICLE
107%
7
107%
108%
104
104%
8
103%
106
106
108
107% 108
17
103
104%
~7
106%
110%.
100% 100%
7
100%
108% 109
5
108
111
116
118
112
113
$103
103%
106% 106%
116
116%
7
112
112
5
101%
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
NEW YORK CURB
RANGE
FOR
WEEK
Last
Week's Range
or Friday's
Bonds
Bid & Asked
Sold
Curb
No.
Low
Interest
Exchange
Period
>A
1947
deb
Conv
5s
Orleans
a
Income
6s
1st
Twin
Power
Edison
City
5s
1979
N
101:
United
Eight
Power
&
&
J
104
United
111
United Light & Railways
107%
115'/a
115%
J-J
1948
J-J
J115%
3s
Af-N
.1968
A-0
.1971
—
90%
91
.1945
86%
45
91
*103 % 104
105% 105%
A-O
Service
4s
v
.1962
F-A
Oklahoma Power & Water 5s
.1948
Light 5s—:
Park Lexington 1st mtge 3s
.1955
F-A
.1964
&
Rys
(Delaware)
Penn Central Lt & Pwr
.1977
U-N
.1979
Af-N
&
4%s
Pennsylvania Water & Power 3'As. .1964
25
107%
105
105%
46%
102'/a
103%
103%
105%
46%
4
J108
J-D
105%
106%
Elec
1
107 %
Philadelphia
Rapid
Portland Gas
5s
4 %s
115
115%
7
114
M-3
106
106
1
106
100%
103%
104%
18
114%
115%
2022
Af-N
114
113% 114%
34
111%
114%
84
income
Safe
1954
Penn Electric
Penn
West
M-3
j-d
I— .1949
j-d
—
New
/
102% 102%
'"L-*'
-
v..,;.:.
2
1
106% 106%
■
"«
<f*m
*108% 108%
r*
*95
;
-V-
•
•
-
97
■
92%
108% 108'a
108%
3
*104% 105
—
M-N
.1952
A
Real
/150
■
—
A-O
99%
110%
1979
j-d
.1952
Estate
6s
M-S
1951
:
inc mtge 3s
104'a
6s
A
—
:d
.1951
A-O
*75%
98'a
11
15
109'a
25
6
104% 104%
1
104%
104%
j-j
M-S
105
104% 105
1970
A-O
108%
108% 108%
1971
j-j
1951
F-A
.1970
F-A
6s
5s_
Power
Edison
3s_
3'As
Gas
Gas
i
.
Southwestern Gas & Elec 314 s
Southwestern
Spalding
P
L
&
Gas
&
105
y
105%
ACauca
103% 105%
109%
F-A
Danish
F-A
93
105
105%
Danzig Port
104
105%
AExternal
24
107
109
104%
*104
76%
103%
72%
A Lima
*108'a 108%
—
—
•zy 3
108'a
103
45
77%
104%
106%
—
City
104%
M-S
104
...104
:—
y 87
87%
8
83%
198
Friday
Interest
•""
y.
Period
1948
A-O
93
93
93%
52
86%
May
25
May 1948
Dec
98
98
1
104
93%
93%
94
95
93%
F-A
j-d
93
94%
A-O
1966
92%
94
93
93%
.1957
F-A
.1950
6s
z; 93
F-A
.1957
debentures
Light
Week's Range
Last
Friday's
or
Bonds
Sale Price Bid_& Asked
No.
20
21
71%
54%
54%
54%
16%
21
62
72%
60
54%
1
60
20
54%
High
51%
14
J-J
Low
1
21
54%
71%
J-D
21
Range Since
January 1
Sold
High
54%
1955
U-N
1953
F-A
1952
J-J
*16%
*
+63
& Waterways—
6%s stamped
(Peru)
6'As stamped_1958
M-S
1958
M-N
7s
1951
Alssue of May
of Oct
19
20%
36
J-D
*22%
25
Af-N
stamped
1
20
35%
*36%
>
~
36
11
17
9
20%
34%
36
18
23
1947
1927
A Issue
1927
•
--
33%
37
—
36
37
22
17
17%
5
58
70
11
33
36
3
34
38
-
A-O
*36'a
Mortgage Bank of Chile 6s
1931
J-D
*16%
1972
J-D
1958
M-fl
1959
J-J
1919
J-D
6%
5
6%
287
3%
1921
J-J
6%
4%
6%
135
3%
A
87
97'a
AParana
29
86%
97%
A Rio
30
7- 86%
97
A Russian
33
*
86%
(State)
de
7s
Janeiro
6'As
Government
6'As
A-O
93
86'a
32
A5»A8
37
70
35%
35%
37
37
-
96%
30%
19
94
30%
93%
97,
69
—
■
Si
94%
96%
96%
Mortgage Bank of Denmark 5s
6s~—. .1951
Power
85
98%
97
6s
Standard
101'a
100
A-O
1948
Mortgage Bank of Bogota 7s
90
Debenture
gold
118
100%
93
t97%
J-D
Exchange
Z;
7s
AMedellin
81
U-N
Debenture
6s
92%
J-D
5s
2
«*•
Curb
■/'*
5'As
Extended
Electric—
(stamped)
Conv 6s stamped
•
38%
114%
101% 101%
1937
Valley 7s
22
105 %
2022
6s
*
—
.1989
8s—;
(A G) deb 5s
Standard
107
1947
York
AMaranho
4s
Rys
104%
(Calif)—
mtge 3s-—.
Indiana
9
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A 20-year 7s
Jan 1947.
Bogota (see Mortgage Bank of)
92
103% 104%
1965
Southern
108 'a
107
£114% 116
Low
80
86'a
103%
103% 104%
1957
1st
107
100'a
73%
16
j-j
California
A-O
J-D
BONDS
128
89'a
1947
Wyoming Coal
Counties
199%
24 %
Foreign Governments & Municipalities
111
127
■
78
88
Sheridan
Southern
108%
2030
5s
105%
'
A-O
Southern
109
5
.1960
stamped extended to 1959
Rys Co 5s stpd
Stamped
151%
6
110% iio%
A-O
California
107
109% 109%
5s
IA York
New
*127% 128%
'
——
1967
Carolina
1
109%
109
137%
10
99%
1970
Southern
107% 107%
J-D
5s
Traction
98%
106%
—
151%
Shawinigan Water & Pwr 4%s_
1st 4%s series D
South
37 %■ 38%
J-D
1964
.
'
ASchulte
37%
1951
Newspaper Union—
6s unstamped extended to 1959—
Jersey—
certificates
Joaquin Lt & Pwr 6s 3
Scullin Steel
M-S
.
,
Western
111%
.1959
4%s B
Water 4'/as
Harbor
San
—
debs
Ry & Elec 4s
Queens Borough Gas & Electric—
series
(Maine)
Water Power 3%s
.
5'/as
108%
111%
109
A-O
.1964
of
Service
107 %
102%
106
j-j
U-N
.1961
perpetual
1
107%
.1956
Sinking fund deb 4s
6%
107%
117
107'a 107'a
'
.1950
P
mtge 3%s
Public
111%
107% 107%
.
28
Public Service Co of Colorado—
1st
110%
Co—
E
5s
(Can)
Corp
F-A
.1962
6s
extended
Edison
series
Powef
Coke
&
stamped
Potomac
Transit
9
104%
108'A
J-J
.1972
5%s
Power
100'a
110% 111
104
107%
.1970
Philadelphia
96%
114% 114%
West
107%
106
3
109%
50
104'a
107'A
109
107% 107%
107%
98% 100%
100%
114%
46%
40
1
106% 106%
104
F-A
A5s
109%
1
"
103'a 103%
105
101%
5
A-O
106%
12
107% 108%
107%
High
5
108% 109%
1952
Wash
J-J
Power
Low
103% 103%
Waldorf-Astoria Hotel—
■
F-A
Pacific
:
January 1
Utah Power & Light CoDebenture 6s series A
109'a
105'a
6
Lt
series
Wash
■■■Vi
Public
Ohio
103%
Range Since
Sold
No.
104%
108
41
5%s_1952
Bonds
High
A
6s
95
103%
108% 109'A
A-O
Co—y
109
.1954
Utility 5Vis
J-D
5'As
cons
104%
101%
5
J-D
5'As
4s
tl07'/2 108'/2
104
1952
1959
Electric
U09'/a 110'/2
104
Friday's
or
J -J
1949
Rapid Transit
United
J-J
J-D
F-A
1968
3'As
100%
-97%
J
Week's Range
Last
Sale Price Bid & Asked
108
95%
-55
0
*
81%
72%
157
100% 101-;
Toledo
Water
Af-N
1949
1st mtge 3'As
mtge
100%'
V
100%
81%
107
1
108
99 »A
81%
Tide
.2004
Nov
1st 5s
Power
-
125
108
—
J-D
80'/2
79
79
100
■
Interest
Low
72%
17
Friday
Exchange
High
72%
59
80%
Curb
.1964
A
series
North Continental
,
80%
79'/2
*
York
Period
1st lien
& Westchester Ltg 4s
Debenture
5s
Ohio
A-O
High
New
Service—
N Y
Ogden Gas
M -N
.1954
Public
Elec & Gas 3%s
Y State
N
M-N
1961
It
BONDS
79'/4
79'/2
1950
Debenture 5 Vas
New
79
J-D
.1948
England Power 3'As
England Power Assn 5s.
New
New
M-S
.1948
New Eng Gas & El Assn 5s
APRIL
January X
Low
York
EXCHANGE
ENDING
Range Since
Sale Price
Friday
BONDS
New
158
6%
6%
•
AStarrett
Corp lnc 5s
Btinnes (Hugo) Corp— ;
A7-4s 3d
Stinnes
2nd
Power
20
20
j-j
1946
sale,
J-J
%> 23%
105% ' "'105% 105%
1956
U-N
108
2022
j-j
.1960
Light 5s—,
23
108
;
6
108'a
24%
104 Vb
106%
—*
d Ex-interest,
Ex-dividend.
x
Odd-lot sale,
e
n
Under-the-rule
sale.
■••V
no
.
sales being transacted during current week.
*
/
Abbreviations
used above—"cod," certificates of
deposit; "cons," consolidated; "cum," cumula¬
"conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust
certificate!;
when issued; "w w," with warrants; "x w," without warrants.
107
108%
tive;
117%
118
"w i,"
14
•.
*118% 120
—
22'a
2
.
Deferred delivery sale,
a
{Friday's bid and asked prices;
ABonds being traded flat.
gReported in receivership.
20
20
•
5s
Service
&
•No par value,
4
20
—
23%
A-O
.1946
A
series
6s
6
.
Z"'
stamped—
Electric
Texas
Texas
....
of
depositIndustries—
(Hugo)
7-4s
'
—
rCash
stamped—
ACertificates
■
OTHER STOCK EXCHANGES
RANGE
FOR WEEK
ENDING APRIL 14
Friday
Baltimore Stock Exchange
Last
8 T O C K 8
Sale Price
y,;"vy;
Par
Arundel
i.
16%
Preferred
Consol Gas
Co
v
t
common
t
v
1.15
1.10
.100
c
E L &
Eastern Sugars Assoc
Fi&g/ity
com v t C—
Co——1
-20
-10
.100
Houston Oil of Texas 6%
pfd vtc_
„25
.y——
.100
M^ryland
& Pa RR_
Merchants
Miners
Vernon-Woodbury Mills cornAmsterdam Casualty—
American
Penna
Water
U S
Oil
&
Co
Power
com
37
92
Jan'~
74
75
158
54
Jari
142
Jan
43
Jan
SS
Jan
150
45%
B_.
Lines
Inc
*
Engineers
-25
81
'3.25
25%
2
64
y
29%
Apr
Apr
2.00
Feb
General Capital
Jan
29% Mar
65
Jan
85
Feb
Hathaway Bakeries
Jan
Isle
3
64
36%
Apr
304
.
64
35%
Mar
3.55
25
Jan
26%
200
25%
47c
3.25
45c
Feb
10
Jan
;50c
64
Apr
64
Apr
35%
1,580
Jan
41
Jan
51
Jan
12,000
59%
Jan
69
2,000
29%
Apr
29% Mar
59
Mar
Mar
,
Royale Copper—_
Copper
Lamson Corp (Del) common—
Last
Central
RR
preferred
—
Util Associates v
Mass
Mines
&
American Sugar Refining
100
35%
Tel
100
& Tel
Anaconda Copper
8%
class
B
1st
1st
Boston Persona]
Calumet
Cities
&
20
•
451
*
120
Jan
115
32 %
33%
3,863
32%
71%
72%
400
67
Jan
21
21
45
19
Jan
3%
3%
100
stamped_
3%
8
V/%
•
-
•
12%
•
12%
-*•
'
see
page
Feb
Feb
4
Jan
8% Mar
Jan
—-12%
Jan
6%
6%
35
6%
Jan
15%
15%
101
13%
Feb
1581.
41%
8%
.
14
7%
•
578
7%
Jan
5%
50
5%
Apr "•'y
Shoe
United
6%
8
1
11'A Mar
'6%
Jan
Jan
1%
1%
385
1
Jan
1% Mar
30%
31%
591
30
Feb
32% Mar
3
5
2,855
2%
6
16%
Jan
200
3%
Jan
23%
Jan
60c
3%
Jan
16%
16%
5%
5%
31%
32%
125
X,
X,
9%
12%
1%
104%
zy.
300
55
55
1
12%
1
10
47%
7
685
V.
12%
V
11%
108
1%
1
387
104% 104%
558
39c
38c
102
102
100
40
j;
Feb
6
Jan
Feb
36% Mar
''
1 % Mar
Jan
55
Jan
10
Feb
Feb
103% Apr
4
3% Mar
17%
.
30c
Jan
38
Jan
Apr
Apr
13% Mar
1 'a Mar
107
46c
104
Jan
Mar
Feb
10c
Jan
45c
30%
20c
30%
168
25%
Jan
32% Mar
20c
20c
60
Feb
29%
29%
29%
910
25%
Jan
30% Mar
25
—
1%
1%
1%
277
86c
Feb
12%
Jan
l'a Apr
13% Mar
8%
Jan
Jan
•
common
13%
•
Securities
13%
40
8%
8%
187
4
125
2%
37
32%
*
3%
3%
33%
•
33%
24
9%
4%
Feb
Apr
Jan.
36
"Mar
Jan
23%
23%
225
23%
Apr
28
13%
13%
120
12%
Feb
14'A Mar
•
.77%
77%
78%
409
75%
Jan
80% Mar
25
71 %
71
69'a
Jan
5
Inc
5
Fruit
37%
•
Drill
Drug
United
■<.
50
Co
Co
Twist
Union
United
41% Mar
33.50 Apr
*
15
100
RF
Elec
Torrington
U
Jan
10
—
74% Mar
5
-
Suburban
Mar
Jan
mils
Hecla
f
y, 22%
1%
12
375
Feb
Jan
4
15
400
.
•7%
13
26
617
38%
7%
100
37'a
'
Apr
W 35'A
10%
5%
—*
Webster Inc
Stone
27% Mar
'
Jan
113
72%
'
Apr
159% Mar
Feb
96%
37
•
36%
Feb
24'a
467
High
Feb
155%
1,908
26'a
LOW
Jan
100
Prop Trust..-...-
footnotes
90
120
103% 107%
•
100
Service
For
:
■
,
'•
pfd stamped-v
pfd
„
33
—100
stasmped
preferred
A
107
25
Boston Herald Traveler Corp
class
25%
119
100
36%
157% 158'/a
100
Edison
6%
158%
50
pfd_
High "
10
100
Assn.
Shawmut
<'
*•'
31.18 Feb
34% Mar
*
Mills
Mining
Jarf-
94
1,929
10%
Jan
13% Mar
it.
,i
36%
100
2.50
H)—_
(N
Pennsylvania
Range since January 1
35%
245
32%
z
Jan'M"'
35%
5
Tunnel
England Tei ac Tei
RR
37%
37
'
Mar^'r
33.50 33.50
100
* c———1;
Narragansett Racing Assn Inc—
Quincy
Shares
37%
Mergenthaler Linotype —.——t
Pacific
Sales
of Prices
Low
5%
8%
common———_100
Old Colony RR—
for Week
.
Par
■
Maine RR-^
29%
63
Loew's Boston Theatres——..——25
Northern
Exchange
Week's
Friday
Sale Price
STOCKS—
&
298
12
—*
Kennecott
5%
Boston Stock
prior preferred
30%
11%
•
.
class A
North Butte Mining
7 %
30%
*
Nash-Kelvinator
Boston
30%
Feb
Mai-
<'11% Mar
Jan
1
Corp
Gillette Safety Razor Co
National
Elevated Ry
2,235
8%
•
General Electric
New
Boston
11%
1
National Stores—
First
Feb
15
47c
36%
27
1.70
29%
Boston
10%
Apr
105
77
Apr
27%
3.25
25%
48
5
...
85
_100
Jan
100
1.70
29%
68%
Bigelow-Sanford Carpet 6%
Boston & Albany RR
11
•
common
Group Association
Public Service
Employers
Apr
32%
10
1.70
1.70
2
Feb
99% 100
100
29%
American
1%
100
preferred
68%
•
145
5%
1st preferred series A
1975
>.■;
5%
100
6%
6%
Georgia & Alabama 5% ctfs of dep_1945
*,
Apr
Mar
39% Mar
Jan
$12,500
•
2
69
Jan
Mar
58%
y
Feb
Jan
32 %
11% Mar
57
A
1%
56'A
130
69
1975
5s series
132
150
37%
14%
29% ■yy 205
29
29
—50
4s_
Ry c.om_-
2
65
36%
Apr
.,z.; y y.z; zy •-yy ':yy
Baltimore Transit Co
Mass Street
1%
63%
100
Jan
6
Jan
6% Mar
*
preferred
Maine
Bonds—
Jan
Feb
7%
121
48
48
__
Fidelity & Guar
5%
15
100
prior preferred
Eastern
:>
.
-25c
_
Jan
<6°/?
6
75c
Associates—
Common
4% %
6
High
•
Feb
40c
75
65'a
//
45%
29%
—
Fuel
Low
Z
14
100
145
45
_•
;
Co_
&
60c
•
New
North
145
145
Trans
(Tom) Distillery.
Mocre
Mt
&
10%
Apr
r
Jan
Eastern
Fidelity & Guar Fire Corp
Georgia Sou & Fla 1st pfd_——„
& Deposit
1.75
Gas
60c
Range since January 1
High
20
11
/
8'a
Jan
18
Jan
Range
Eastern
Low
Shares
50
65%
14%
11
11
for Week
25
J.
Mining Co
Copper
High
1.05 Mar
314
8%
65%
1
15%
400
225
1.15
14%
1—1
y low
17
8%
*
Power com—„
Chemical Co———
Davison
8%
Range since January 1
High
16%
c-_—
Corporation
Bait Transit
Low
Cliff
Shares
of Prices
Saks
Range
of Prices
Par
for Week
Range
Week's
Last
Sale Price
Sales
Week's
Friday
STOCKS—
Co—
74
Jan
43%
71%
44%
797
25
43% Mar
44%
Feb
10
Machinery
46%
46%
115
40%
Feb
48% Mar
•
_————•
11%
11%
50
10%
Jan
12'% Mar
common
preferred
Rubber
Waldorf
System
Warren
(3D)
Inc
Co
Westinghouse Electric & Mfg
50
.
91
23%
25
250
20%
Jan
25'% Mar
95%
96%
124
91%
Feb
99
61
62%
$12,000
52%
Jan
62'% Apr
Mar
Feb
Jan
Feb
17% Mar
Bonds—
Boston
Inc
&
'
Maine
mtge
4%%
RR—
series
,
A
1970
THE COMMERCIAL &
1582
Monday, April 17, 1944
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
RANGE FOR WEEK
ENDING APRIL 14
Last
Gbicago Slock Exchange
Week's
Last
Sale Price
STOCKS—
American Public Service pfd
American Tel & Tel Co capital
&
Armour
Co
common
Aviation Corp (Delaware)
Belden
Mfg Co
Belmont Radio
Piston
Burd
L)
(E
Co
Brothers
Butler
Illinois
S
14% Mar
550
23
33%
800
8
Jan
G14
J. 300
5
Jan
...
200
34%
Jan
38% Mar
17%
200
14%
Feb
18
4%
4%
22%
200
Feb
500
9
Jan
270
89
5%
10%
89
92
10%
10%
1014
Swift
95%
10%
Jan
Apr
U
18
4
18
Apr
18
110
Jan
14%
Feb
4%
Feb
6
6%
16,500
48
614
48%
150
45
Jan
50%
125
Jan
94
Mar
Feb
114
Jan
Jan
60
com.
25
30
15%
111%
10
60
15%
2614
114
60
3
55
13%
1,150
3
x26
26%
21
22%
10
26%
100
Jan
27
...50
*
pfd part' shares
part shrs v t c class A
21
capital
cum
pfd—.100
Dayton Rubber Mfg common
1
25
common
Co
100
Jan
4%
Feb
Apr
;
5
19
510
Jan
22%
Feb
93%
1,200
Zenith
8,150
10%
Jan
13%
23%
300
21%
Jan
24
7%
7%
1,000
27%
28%
300
12%
13%
18%
2%
33 %
Radio
Atch
15%
Jan
18% Mar
Bethlehem
37%
Feb
40% Mar
13%
13%
Jan
14%
14
200
12%
Jan
14
Apr
12
50
10%
Jan
12
Mar
12%
100
12%
10%
12%
Jan
Feb
6
1,500
5%
Jan
1,300
8
Jan
10
31%
550
Jan
15%
300
15%
Feb
18%
Jan
30%
31%
1,500
27%
Jan
31%
Feb
31%
31%
200
28
Jan
32%
Jan
47%
"•
31%
47%
200
45%
Feb
49%
Jan
250
12
Jan
100
77% Mar
15
1
Elgin National Watch Co
Eversharp Inc common
31
31
29%
Feb
20%
21
200
18%
Jan
.
13%
13%
80
51
51%
750
51
50
120
Jan
Steel
General
Corp
Finance
General
Motors
Corp
64
300
39
Feb
64
capital
Goodyear Tire & Rubber common
Gossard Co (H W) common.
*
—
3%
700
3%
Jan
58%
350
51%
Feb
New
2,750
150
47%
47%
100
42 %
11%
11%
100
11%
20
98%
50
2%
Jan
101
Sfc San com
Apr
Mar
27%
Feb
Jan
47%
Apr
Apr
12%
,26% Apr
Feb
101% Mar
3%
Jan
9%
9%
250
8%
Jan
9%
Feb
5
5%
400
4%
Jan
5%
Apr
5%
5%
300
5%
36%
36%
400
5
,
.
.
5%
36%
Feb
5% Mar
34
Feb
39% Mar
9
10%
200
8
Jan
11
Mar
250
7
Feb
8
7
Harnischfeger
Corp
Brands
Studebaker Corp
19%
Jan
20% Jan
8%
Feb
13%
750
8%
8%
150
11%
11%
250
7%
50
8
Jan
41
90
37
Jan
Feb
13
12%
34%
Feb
36
U S Rubber Co
Jan
12%
1,350
11%
Feb
19%
1,950
15% Jan
20% Mar
25
26% ;
40%
Feb
27% Mar
40%
300
37%
Jan
43% Mar
16%
17%
1,200
15%
Feb
18
9%
9%
700
9%
Apr
10%
16%
16%
550
16 %
Apr
18% Mar
28% Mar
31% Mar
53%
53%
100 '
52%
Feb
54%
14%
15
200
14%
Feb
16% Mar
45%
45%
100
40%
Feb
46% Mar
19%
40%
16 %
16%
1
common
45%
10
common
Apr
Houdaille-Hershey class B—*
137/s
Jan
f16
Mar
1
1%
1%
200
1%
Jan
4%
5
2,350
15%
16
450
Apr
1
—♦
Power $7 preferred
Drug Co
common
Switchboard
—.
common.—.
—
La Salle Ext Univ common
Co
common
Cumulative
—
preferred
Llbby McNeill & Llbby common
Lincoln Printing Co common—
McQuay-Norris Mfg new com—
Consol Mfg capital
Week's
Friday
Mickelberry's Food
West
Corp
United
22
17% Mar
16%
Feb
6%
350
5%
Apr
6%
Feb
20
7%
Jan
10%
Feb
14%
150
13%
Jan
15% Mar
6
6 Va
7%
7%
48
5
7%
7%
.
6%
Jan
8% Mar
47%
Jan
49% Mar
101%
Jan
10
2%
800
300
8
103%
2%
Apr
1%
Jan
3%
20
33
Feb
5
Mar
Jan
35
Feb
32
6%
12,650
Jan
8
Apr
Apr
1%
50
%
Jan
18
19%
270
15%
Jan
19 %
*
18%
18%
50
187/b
Apr
21
10
*
cl7%
17%
100
fcl7% Apr
33%
33%
20
33 % Mar
34
Feb
14%
14%
400
13%
15
Mar
1%
*
1 % Mar
6%
47%
40%
47%
1,450
38% Mar
1
5%
5%
5%
300
5% Mar
5
10%
10%
10%
'
•
13% Mar
650
\
23%
Mar
Jan
Jan
Apr
47% Apr
6%
19%
20%
.—
Advertising Prod
Cincinnati Ball Crank!
Jan
Telephone
3
4
Feb"'-.
6
Mar
8%
15
8
Jan
9
Mar
109
Jan
17
100
Apr
6
Mar
109
109
11
109
Apr
*
*
12
3%
2%
Jan
6%
110
Jan
Feb
13% Mar
4
Feb
Feb
3% Mar
241
99
Jan
104"% Apr
*105
10
99
Jan
105
102% 103%
105
3%
100
4
3%
10% Mar
200
12%
.
4
34
.
7%
Mar
9
316
Jan
9
Mar
76
77
69
72
Jan
78
Mar
18%
y,
18%
10
17%
Feb
250
10%
Apr
12
35
Jan
37% Mar
8%
8%
50
♦
—
——
—10
21
Mar
Jan
11%
.100
1st preferred
_•
Kroger
—
.2.50
110
•
34%
-1
33%
15
33
Jan
35
Jan
39%
39%
——
—
36
33%
Insulation
11%
36
Eagle-Picher
Early & Daniel
Kahn
5%
25
20
50
& T P
Cincinnati Street
A
5%
6
3%
Hobart
5% Mar
100
103%
Formica
28% Mar
Feb
6
5
Crosley Corp
High
Feb
100
Cincinnati Gas & Electric preferred.100
Cincinnati
3
5%
100
Cincinnati
O
4
*
—
Churngold
N
Low
25 %
91
27%
8%
i
Champion Paper preferred
C
Range since January 1
Shares
High
27%
8
100
Baldwin
Preferred
Sales
tor Week
39%
156
39
Mar
40
Jan
14
107
Mar
110
110
110
5
34%
251
31%
Jan
8%
33
60
5%
Jan
Apr
35% Mar
9
Mar
Feb
*
11% Mar
% Mar
is Jan
19%
250
Feb
*
8%
Procter & Gamble——
9%
2,750
1,100
is
•
55%
54%
55%
901
54
Feb
58% Jan
Rapid
16%
16%
17%
290
10
Jan
17%
43
43%
359
40%
Jan
45% Feb
12%
633
36%
37
Magnavox
21% Mar
U
100
8
8
50
5% Mar
8% Mar
100
100
prior lien
,
Apr
Mar
17%
Jan
14 Va
*
prior lien
preferred A
•
5%
Jan
50
5m
2%
33
6%
Jan
300
7%
48
103% 103%
"
4%
1,150
Co—
Convertible preferred A
20
Burger Brewing
—
Low
Par
Machine
American Products
part pfd
Prior preferred
American Laundry
Mar
Jan
Range
of Prices
Sale Price
STOCKS—
17% Mar
Jan
.*
Prod common
capital
————
Util
7
50
19%
Apr
10 %
9
14%
1
*
5
*
—*
16%
10%
150
5
Mar
•
common
Masonite Corp common—
Common
5%
4
*
preferred
Oil Refining Co capital—
Field
16%
5%
__
50
—100
Kentucky Util Jr cum pfd—.
preferred
16%
.
—.1
Co capital.
(W B)
21%
21
•
*
Steel Products common
50
19%
Cincinnati Slock Exchange
1% Mar
Last
414
15%
10
100
Indianapolis Pr & Lt common
20% Mar
16%
12%
18%
12%
18%
Apr
300
Interstate
Jan
Jan
8% Mar
43% Mar
100
Indep Pneumatic Tool v t c—
Jan
Jan
9
200
Illinois Central RR common
7
Jan
6%
37%
Feb
Mar
9
11%
Jan
50
41
,
9%
9
14%
Brick Co capital
60%
5 % Mar
35%
'
9
9
—36
(new)
7%
*
25
common
Standard Oil of N J
Mar
13
common
550
•
Mar
36
Motors
300
Republic Steel Corp common
15
14%
A.;
Jan
150
5%
36%
•
45
20%
*
com
56%
58%
5%
Radio Corp of America common
Feb
13
(Geo)
68% Mar
35%
•
(The) common
Jan
13%
25
common
27% Mar
Jan
58%
1
*
Inc
13
36
Inc
Hormel & Co
10% Mar
Jan
56%
5%
1
3
•
Corp..
38%
20'/a
1
3
Bartlett common
Hibb Spencer
Feb
24%
750
35%
(Glenn L) Co common
100
300
10
cap
Werner Motor Parts
400
850
68%
•
Corp
42%
*
common
Heileman Brew Co G
42%
•
& Dk com
Great Lakes Dr
9%
26%
65%
67
Jan
7
.
9%
25%
9%
•
•
1
common
Co
York Central RR capital
Standard
6%
3%
Jan
Mar
6
Jan
101
101
*
Pullman
59% Mar
10%
♦
7%
55
123%
Mar
4
3%
•
Goldblatt Bros Inc common
Midland
82%
Jan
5%
26%
3%
*
common
Corp
Nash-Kelvlnator
Apr
57%
1
10
common
common
Gillette Safety Razor common
Midland
3%
5%
__
common
Iron
Pure Oil Co
Middle
i;
—
*
13% Mar
Feb
123% 123%
...
*
Paramount Pictures Inc
Marshall
.
22% Mar
62
—.5
(Peter) Brewing common
Mapes
>
6% Mar
Martin
$3%
Apr
15%
30%
26%
5
Electric
Interlake
32% Mar
Lion
20
"
_*
Curtiss-Wright
9%
&
Apr
Jan
13%
.
Mach
Radiator &
200
9%
Leath
Apr
2%
34%
2»
13%
Copper Mining
50
Topeka & Santa Fe Ry com—100
150
9%
6%
19
Jan
32% Mar
.
250
12
2
Corp
16%
5
Kellogg
Jan
Jan
__
"
40
Electric Household Utll Corp
Katz
16
-•
900
•...
43
Apr
80
common
Indust
16%
5%
Jarvis
27%
Feb
7% Mar
Feb
„
Anaconda
Apr
5%
Indiana
100
18%
2%
32%
_
32%
6
Unlisted Stocks—
Mar
102
*
1 ~
Illinois
3%
200
4
23
.13
.
100
com
Inc common.
Yates-American
Domestic Industries Inc class A
Dodge Mfg Corp common
Hupp
Feb
90%
*
Common
General
Horders
4% Jan
Bankshares—
Wisconsin
39%
*
common
22%
100%
21%
\ 16%
Co
Cudahy Packing Co 7%
Hein
Jan
Apr
Jan
*
prior preferred
American
2114
1007/a
Fox
Feb
Feb
5%
12% Mar
74%
43
,.Jan
38%
10
85
*
Woodall
71'
120
V
Mar
Jan
74
43
Mar
100
2
Williams Oil-O-Matic common.
Apr
18%
150
10
Apr
73
Jan
24% Jan
6,100
13% Mar
88%
25
preferred
cumulative
Cum
17% Mar
Feb
3%
3
50
34
Jan
3%
123%
Apr
91%
90
114
—
Jan
11%
88%
1
Jan
82
31%
50
23%
5
common—
Wieboldt Stores
6% Mar
200
12%
Jan
Walgreen Co common
Western Union Telegraph
Apr
33 %
Jan
100
7%
Feb
63% Mar
3%
Utah Radio Products common
Jan
63%
12%
50
13%
116%
Jan
58%
Steel
S
Jan
21%
25
15
capita]—
capital
Union Carbide & Carbon
56%
300
10
Corp capital.—
Trane Co (The) common
Jan
100
./'• -y
:;{v 1,400
*
—5
common
Swift International
Apr
Jan
111
80
13%
__
Co
&
59 %
Mar
4%
10% Mar
Apr
9%
40
61%
18
-•
common
Edison
114%
60
(A)
Texas
1,050
114
6114
Co
&
18%
30
22%
23
Sundstrand Machine Tool common
Jan
24
Jan
,350
Stein
Feb
Feb
Jan
4%
1.
capital
Storkline Fur Corp common—.:
Apr
.
5
—.
Indiana
;
—
20
*
of
Mar
17
26
1
capital
preferred
...
Oil
87
Jan
150
-1,150
*
Stewart-Warner Corp common
Mar
4%
Jan
22
4%
5%
10
89
3%
300
22%
4%
Common
Standard
79
340
Mar
4% Mar
21%
.
Standard Dredge
-
34
Jan
12%
21%
*
common—
Works
Lathe
Jan
3%
29%
<
43?
;-
22
2,400
-
% Mar
33%
:
: 73
>
20% Mar
59%
im¬
Spiegel Inc common..
—2
St Louis National Stockyards capital—•
Apr
36%
•
Jan
29%
29%
59%
—;
16%
17%
17
-
—10
5
class B common.—
Bend
South
Maf
18
17
514
6%
16% Jan
•
Co
86%
17%
-
Sinclair Oil Corp
10% Mar
~
450
18
35%
17
Jan
37% Mar
Jan
6%
Jan
9%
Jan
preferred
3%
85%
-
20
150
«p'
17% Mar
350
33%
:•
3%
-
•
common
Roebuck &
Sears
Serrick Corp
Apr
15%
Jan
8%
3%
85%
•
1
Sangamo Electric Co common
15% Mar
20
High
100
Co—
Consumers
&
20
200
9%
10%
1514
Co
Uten
Aluminum
Commonwealth
Deere
750
14%
9%
10
—*
Cities Service Co common
Crane
23
18
5
*
•
Flexible Shaft common.*
c
12% Feb
.6%
♦
preferred
Chicago Towel Co conv pfd
Common
capital
t
100
50
•>
*
5
1
Belt Co common
Com
...
*
Convertible
V
15%
19%
*
.*
*
common...I
Packing
Raytheon Mfg Co 6%
Jan
Feb
36%
*
preferred
Chicago Corp common
Club
1%
4%
9%
*
Cherry Burrell Corp common
Chicago
Jan
Jan
36%
•
Preferred
Chain
1
3%
A—_—:—10
Co
(The)
Quaker Oats Co
Rath
Util—
W
lien
Prior
200
200
9%
914
1%
3%
1
pressed Steel Car common
Corp—
Secur
preferred
Convertible
Central
pfd
Pub Serv $6
Central Illinois
Central
Jan
Jan
14%
1
10
Ring common.
Jan
7% Mar
22%
23
1
—5
common
5
100
5
—-100
common
class
RR
Circle
Perfect
"
"
capital
50
Peoples Gas Lt & Coke capital—.100
Feb
1,700
B
Switch
Elec
Pennsylvania
159% Mar
15
5
Common
Bruce
5%
8
Coal Co
preferred
6%
Penn
Jan
112%
1
Wire class A pfd—_*
&
20%
Apr
Jan
3%
5
Borg-Warner Corp common
Fence
5%
8
514
Jan
17%
150
100
preferred
Peabody
Jan
Mar
Low
:
18%
32
>
♦
Range Since January 1
High
Utilities—
Western
7%
5% Mar
15
109
30
157% 157%
14%
156%
650
109
109
.1
Mfg Co capital
Laughlin Inc common
30
18%
17%
—
—1
common
Bliss &
Brown
14%
Jan
*
5
Berghoff Brewing Corp
Binks
Jan
14%
*
Corp
Corp
4%
12%
10
common
Aviation
Bendix
Feb
200
200
5
Co common
Bastian-Blessing
13%
4%
—1
Seelig Mfg A common
&
14%
common,.1
3
Asbestos Manufacturing Co
Barlow
14%
4%
S
—
Equipment Corp common
Aro
57
I4'/a
•
100
-100
Allied Laboratories common
57
Jan
61
53% Feb
100
57
*
Adams (J D) Mfg common
*
Advanced Aluminum Castings
5
Aetna Ball Bearing common.....^..-1
North
High
Low
High
Low
Par
Laboratories common
Abbott
1
Shares
18%
•
Northwest Bancorp-common
Range since January
Shares
Low
20
North American Car common
for Week
of Prices
of Prices
Par
Sales
Range
Friday
.
for Week
Range
'
Sale Price
.
Sales
Week's
Friday
STOCKS—
.
7%
8
100
5% Mar
87/a Mar
%
50
%
Jan
4,700
1%
Jan
2% Jan
10
Playing Card
S.
Printing—;—'
Preferred
class
a
A
*
50
12%
11
36
36
*
8%
Jan
12%
Apr
36
Mar
38% Mar
12
Jan
14% Feb
15
Jan
17% Mar
% Jan
2%
S
U.
Apr
%
Miller & Hart—
Common
Modine
Mfg
stock
▼
t c
•
2%
2%.
*
common....
Montgomery Ward & Co common
29
•
46
50
29
44%
44%
—
650
28
—
Feb
42% Feb
30
Mar
48% Mar
Unlisted—
American
City
Rolling Mill
&
Ice
Fuel—
Columbia Gas
Nachman
Springfilled
common
National Pressure Cooker
National Standard
cap
common
stock
Noblltt-Sparks Ind Inc capital
For
footnotes
see
page
•
16
16%
12
36%
12
34%
2
10
5
16
34%
36%
37
300
14%
Jan
17%
...25
13
13
16%
*
.1
-16%
m
13%
273
17%
4,A
142
-
20"
Jan
5% Mar
51% Feb
59% Mar
4%
Feb
12
Apr
13
Jan
General
50
32%
Jan
37
Feb
Standard
250
33%
Jan
38% Mar
200
——
Timken
Motors
—
Brands
Roll
1587.
(
Bear
—10
58%
210
30%
30%
95
28%
Jan
31% Mar
45%
45%
30
44%
Apr
48%
57%
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
1583
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING APRIL 14
Cleveland Stock Exchange
Week's
Friday
Last
STOCKS—
of Prices
Par
Coach
American
&
Body
Brewing Corp of America
City Ice & Fuel, preferred
Low
5
11%
3
100
Clark Controller
Cleveland
Cieve
20
*
Cliffs Iron preferred..
111
$4.50 preferred
Cliffs
Corp
Eaton
Manufacturing
1
20
70%
51
Mar
105
Apr
40%
Feb
12
104%
Apr
16%
25
Jan
22
Jan
63
100
70%
Jan
71
Mar
Jan
114
Apr
'
•
all3
5
common
20
;
0
Elec
11% Mar
186
a 49%
al04%al05
Jan
13 Vz
all4
13%
113V2
9
13%
13 ya
1,333
Apr
15
Mar
Barker
Bros
Goodrich,
B
Goodyear
Steel...
5%%
Barnhart-Morrow
Blue
Diamond
Bolsa
Chica
F
Bros
&
'.'/it
45
Mar
California
Jan
22
Mar
Central
13
35
100
13
Jan
14% Mai'
19%
Feb
23% Mar
a 44%
a46V8
37
40%
Feb
48% Mar
a43%
mm*
Towing preferred
Feb
20%
a 43%
5
36%
Feb
44% Mar
'
:::roo
a85
90
51
90
Mar
90
Mar
45
a85
*
Cooperage-class A—
42%
30
a21% a22%
y
'•
•
Rubber
50
21
■
45
100
44
Feb
45
Feb
•
Oil
Bros
preferred
Interlake Steamship
Jaeger Machine
Jones
&
1
-
:
00
__0
—
21
Laughlin
•
A
Medusa
Portland
«
Cement
Acme
Refining
National
Nestle
.
11
Mar
35
36
Feb
18%
860
15%
15%
12%
38
Mar
1%
—
&
Goodyear
Hancock
18%
Apr
10%
Feb
12
Apr
Hunt
1%
530
.1%
Apr
2:.
Jan;'
Jade
20
6%
Jan
9
25
of Ohio
Oil
a21
28
35
35
438
__
-
a43
«
Tool
_
__
43%
a
7
20% Mar
21% Mar-
32%
36
Jan
87
7
40%
43%
Jan
200
5%
25
8%
Jan
10
a42% a43 %
80
*
a35% a36%
145
—*
a36% a38%
a7%
0
10%
—
Mar
Feb
7% Mar
Jan
10%
_
Weinberger Drug Stores.
12%
Feb
Firestone Tire & Rubber
common
Industrial Rayon common
Interlake
Iron
a7%
common
Oil
Republic
U
S
Steel
Steel
al8%
*
common
al8%
a
39% Mar
43% Mar
35
Feb
37%
90
37%
Apr
40%
Jan
50
7%
Jan
8
Mar
Jan
19%
125
19% Mar
Feb
17%
*
al6% al6%
193
16%
Apr
18
Mar
*
common
a51% a51%
106
51%
Jan
55
Mar
_
common
35c
Jan
46 % Mar
Jan
42c
Feb
476
1.80
Jan
2.00
Feb
1.70
1.75
2,600
1.30
Jan
1.95 Mar
,~3--
21
600
21
225
26%
26%
250
55
55
—
&82%
21
a82%2a84%
Los
&
Co
1,500
"9%
Jan
23
23 %
745
20%
Jan
9%
785
7%
Jan
12%
12%
405
11%
11%
11%
443
480
___*
_
480
9
A
10
9%
Menasco
Mfg
Merchants
453
52%
Jan
400
7%
Jan
Oil
38%
Feb
39%
38%
Jan
42%
Apr
47
48%
316
47
Apr
50
Jan
30
250
27%
Jan
31
Mar
140
8%
5%
Feb
10% Mar
Jan
10
6 Vr
Public
5%%
Ryan
Safeway Stores,
Union
Sierra
Sinclair
9olar
Watling, Lerchen & Co.
Oil
6%
New York Curb Associate
Detroit Stock Exchange
Chicago Stock Exchange
Universal
Van
Apr
1.25 Mar
35
Apr
9c
1,000
7c
Feb
14c
Jan
5,100
40c
Mar
48c
Jan
6%
200
31%
792
30%
6
Feb
6% Mar
Jan
33% Mar
35%
218
35%
135
47%
Jan
43
355
40%
Jan
43 % Mar
19
Jan
20% Mar
5%
5%
40
6%
a46
Jan
5%
1,400
a46
36% Mar
9%
Jan
7
49
Feb
Feb
10
Mar
3%
2,125
Jan
39%
40%
80
36%
27%
27%
288
5c
___*
IIIl
5c
13
Jan
Jan
40%
27%
Apr
27%
Apr
3,000
2c
Jan
5c
Mar
3,288
10%
Feb
12%
1%
—25
4%
13%
Jan
13%
3%
-:-v 8%
••••
—*
Jan
95
a46% a47%
40
'•J,**
—25c
Feb
8%
196
3%
49%
47% Mar
4
9%
_
3%
492
3
Jan
3%
9%,
990
8%
Jan
9% Mar
24
23%
24
37%
37%
—25
23
2,297
20
Apr
Jan
Feb
37%
24%
Jan
Apr
43
Jan
30%
30%
673
30%
Apr
32%
Feb
25
30%
29%
30%
877
29%
Jan
31%
Feb
Co
——*
29%
29%
30%
1,155
24%
Jan
31% Mar
36%
36%
36%
1,406
35%
Feb
38%
Jan
5%
5%
620
5%
Feb
6
Mar
8%
8%
1,359
8%
Jan
9% Mar
of
0
Calif
1
Corp
de Kamp's
Oil
(H Di
Portland
.
1%
—2
;
Consolidated
Yosemite
Jan
Jan
41c
3%
Transcontinental & West Air,
Union Oil of California...
Telephone: Randolph 5530
1.05
30
C
Co
Transamerica
1,100
2,100
a20% a20 %
9
Corp
Oil
Sunray
DETROIT
Ford Building
1.15
35
49%
Co..
Company
Pacific
Oil
16%
35%
'
a 20%
—30
preferred
Standard
Jan
•
Calif Edison Co Ltd
Southern
10
31%
preferred class B
5%%
839
9c
—50
Original preferred
Members
New York Stock Exchange
17%
43
I—
1
common—
common
Sontag Chain Stores Co Ltd
Southern
Feb
16% Mar
40c
I' —y
9
pfd
Corporation
Aircraft
Mar
al77/8
"
Corp
Corp
Trading
44c
Feb
Jan
49%
Inc
Oil
Feb
11%
.- 6
•
Security, Company
Shell
Mar
al5%
9c
—25
common
Co
Corp
Aeronautical
Apr
21c
322
40c
,
preferred
Oil
30c
,
166
30
1
Service- 1st
Republic Petroleum
Richfield
7,100
Jan
15%
1.10
30
—:
II25
44c
...4c.
al6%
LIS
1
common
2,000
42c
al6
1
Elec
,16c
18%
—1
Ltd
400
Feb
15%
,
*
Co
Indemnity Co
Lighting Corp
Pacific
44c
al6
15%
common
9%
10
_,15<$
_
1st preferred__
Pacific
9%
—10c
Products
&
9%
.—1
Co
Co__
Gas
Pacific
Apr
75
30
Co
Clay
Apr
9%
285
__.—___10c
Corporation,
Pacific
Jan
59 % Mar
42%
-
Petroleum
14%
480
Jan
a39%
10
Co
& Co
13% Mar
Jan
42%
.
Aircraft Corp____,
(I)
Jan
12
460
*
common.
Investment
Apr
»
Co
common.
Corp
9%
9%
:
Feb
23% Mar
'
58%
58%
Apr
15
a49% a50%
12%
1
_.2.50
Rubber
class
Petroleum
Angeles
Magnin
10%
146
10%
a39
Tire
Lockheed
28% Mar
55
10%
9%
Mar
Feb
Jan
10%
L*
Radio
22
Apr
25%
45
40
__4
._
&
common
Packing
Oil, Cp—.
Pacific
Ohio
44
35c
30
45%
35c
—II
Corp.-
Corp
Oil
Oceanic
,
General Electric common
Feb
12%
1.90
*
Corp
Bros
Nordon
Lnlisted—
12%
a
Feb
.
a21
0
Bros
Standard
Vlchek
0
class B
Brass
Richman
Jan
13%
1.90
3
Hudson Motor Car Co
Lincoln
Ohio
70
Merchants Nafl Bank—lOO
Oil
Honolulu
15% Mar
10
12
a8%
■
Feb
13%
Preferred
a8 %
a
12
•
A
Jan
125
18
a
12
_±_1%::
—__
class
1,105
37%
'
0
Tile
LeMur
Paint
22% Mar
Jan
11%
37%
al5%
0
new
General
Mar
21 %
11%.
17%
.
1
National
National
Jan
21
64
37%
class B
G,
23
150
a22%
11%
Kelly Island Lime & Tr
McKee,
a22
Feb
21
21
—•■
31
'
—
Apr
34%
34%
0
100
6%
45%
«
;
Television
Metals
50
4% Jan
100
Company Inc..
Products
General
Jan
Feb
1,700
$5C
»
common
Corp
America
34%
43%
2%
5%
23 %
of
Aircraft
Farmers
135
Jan
5%
1
Corporation
Co
Apr
49%
49%
2
2
■■Preferred
Creameries
High
2,550
50
Corp
;
Consolidated Steel Corp
Electrical
Low
2%
a
Chrysler
Douglas
Range since January 1
High
2%
5%
1
Consolidated.—____1
Packing Corp
Shares
2%
common
Investment
Farnsworth
Halle
Low
50o
,
Corporation
Jackson
a44
13
13
25
♦
Tire
Great Lakes
Greif
if
Tire & Rubber Co
General
Corp
preferred
21
a44
0
Pressed
Fostoria
'
0
_
Rubber
Accessories
Corp
Bandini Petroleum
Company
Byron
Faultless
of Prices
Par
Aircraft
for Week
Range
Sale Price
High
Low
10
250
11V4
48%
a
Last
STOCKS—
Range since January 1
Sales
Week's
Friday
Shares
High
11%
Angeles Stock Exchange
for Week
Range
Sale Price
Los
Sales
5
Inc.
al8% al8%
—25
Co
19
19
Cement pfd
—10
13%
10%
9
Bakers Inc
19% Mar
Feb
18%
2,440
Feb
870
12
10%
100
10%
4%
1,835
3%
6c
19% Mar
Jan
Jan
4
—
19 %
25
19%
13%
10
^
°Jan
13%
Apr
10%
Apr
4%
Apr
Apr
Mining Stocks—
Mammoth
Black
Detroit Stock
Exchange
Friday
Sales
Week's
Last
Unlisted
for Week
Range
Sale Price
STOCKS—
G
&
S
Mng Co
Company
Mng Co
American Smelting
5
Drop Forge common
Corp
.—1
McLaren common
Brown,
•
175
6
Jan
7%
Feb
American
Viscose
Chamb
Weather
Mtgl
Consolidated
Paper
6%
0
6%
150
1%
Jan
1%
Feb
Anaconda
13%
200
13% Mar
13%
Apr
Atchison,
8
8
100
7% Mar
8 %
Feb
15%
15%
15%
225
14%
Feb
15%
Jan
5%
5%
112
4%
Jan
6% Mar
__
4%
6%
9,440 r
3%
Jan
6%
Barnsdall
.
Apr
&
Detroit
Edison
Detroit Gray
Detroit
Frankenmuth
Goebel
Brew
Grand
4%
Jan
18%
Jan
75c
Jan
1
Jan
4%
96c
1.00
700
3%
1.00
6% Mar
20% Mar
3,690
3,502
6%
19%
1
—
1
3%
554
Mar
Works
Aviation
Kensel
(S
Kresge
3%
3%
3%
200
2%
4%
Jan
Co
Borden
Hone
Abr
Mid-West
___
3% Mai-
Jan
Railway Co
Caterpillar Tractor Co___
Cities Service Company
Electric
5%
590
Jan
5% Mar
Columbia
300
2%
Jan
3% Mai-
Commercial Solvents Corp
1%
200
1%
Feb
1% Mar
Commonwealth
1.00
1.00
400
1.00
Motor
Products
Motor
Wheel
1
__
__
..
64C
69c
1
.
...
65c
10
.
23%
—
Jan
1.00
Jan
Edison
Aircraft
Vultee
Cons.
&
Gas
15
100
70c
3,200
66c
14%
50c
16
Jan
Jan
70c
400
62c
Jan
70c
23%
174
22%
Feb
24
Jan
Packard
Parke,
Feb
Jan
Mar
Car
Parker-Wol
30c
30c
1,575
1%
400
Jan
2
Mai-
General Foods
75c
800
75c
Jan
88c
Mar
Great
7%
7%
225
5
Jan
7% Mar
1%
1%
100
1%
Jan
2%
17%
17%
5
19%
1
2%
ill
'
•
—
_
_
Prud
Invest
Rickel
(H
.
.
X,
•
24c
1%
Jan
36c
Feb
Jan
100
16
Jan
18
19%
100
17%
Jan
19% Mar
2%
100
<
_
_
Mfg
3%
Feb
28
1,035
27%
Apr
9
9
472
1%
1%
1%
4,050
1
2
.—2
3%
common
__
2
10
.__1
common
3%
3%
3%
300
10
10%
1,155
4
4
100
1%
1%
21%
21%
102% 102%
—
_
2
3%
10
3%
900
-
•
River Raisin Paper common..
Sheller
365
27%
...1
:
common
Scotten-Dillon
4
27%
'
.
common.
common
W)
4
*
10%
'
'
V
3%
2% Mar
9
common
common
common
Corp—
Tube
class
B
2
——'
'
1
common
common
'
Preferred
•
9
21%
_
100
—
—•
3%
1
Tivoli Brewery common
1,088
._
100
Mar
Feb
4% Mar
3%
19%
Invest
United
Class
"""
—
.
,
:
...1
Int'l
Nickel
of
Co
Feb
Kennecott
a
95
'
III
—
—
~T
class
»
A
Ohio Oil Co
Warner
IZi
F~~
_
._r____~
—4
Prod common
-"ites
see
page
36
Jan
Mar
1%
Jan
2% Mar
Packard
3
Jan
3% Mar
Paramount
3%
Jan
3% Mar
12
Apr
Jan
1%
Jan
1% Mar
17%
Feb
21% Mar
4% Mar
*
7-
Motor
Car
Pictures,
13%
275
5%
5%
I
96
5%
5%
5%
al7
W
3
3%
"100
5 %
300
5%
,100
8%
2%
2%
100
2%
Jan
a
13%
102%
Apr
3% Mar
Jan
Sears,
Oil
of
Co
7%
Roebuck
&
32%
■
1587.
—
-——
—
3%
Feb
5%
Jan
Standard
5%
Jan
6%
Feb
Standard Oil Co
600
6%
Jan
8% Mar
100
1%
Jan r,;
3
32%
32%
400
30
Jan
6%
800
6
Feb
1
i
4%
4%
■
15
Socony-Vacuum Oil Co
Southern Railway
Company
Brands Inc
Jan
Mar
2%
5
6%
-
Co
Standard
Oil Co
(Indiana)
33
,
Mar
(N J)
Mar
Stone
&
Webster,
&
Company
900— -98c
Jan
580
Jan
3%
6% Mar
Texas Corp
~
~
-.1% Mar
4% Mar
Texas
Gulf
Tide Water
Union
Inc
—
l
(The)_,
Sulphur Co_
Associated Oil Co
Carbide &
Carbon
Corp
*
*
25
25
*
—25
25
4%
Feb
Jan
Jan
Feb
35%
Feb
37%
Jan
41%
Jan
41%
Jan
20
28%
Jan
32%
105
13%
7%
a60%
a
45%
27%
Jan
Jan
14%
Apr
90
7%
Apr
12
30%
Feb
7
1,625
46
•
«
47% Mar
930
20% Mar
19%
15%
Jan
a8%
185
8%
Jan
17%
202
16%
Jan
18%
19%
350
18%
Feb
800
4
a25% a25%
185
16%
Feb
18
9%
Feb
10%
Jan
16%
Apr
18%
Jan
24% Jan
88% Mar
24%
Feb
12
Feb
22% Jan
13% Mar
546
9%
210
3
154
345
a8%
,
—
—
,
•
10
a34%
♦
-
__
•
a8%
a30%
a47%
a34%
14%
a78%
a3'l%
a47%
a35%
14%
a80%
22% Mar
20%
a87% a88%
12% 12%
25% 25%
__
29% Mar
15%
a23% a237/8
__
_
42
16%
a29% a30%
32% 32%
a53% a53%
Jan
115
16%
9Va
—
4% Mar
3% Jan
26%
170
a42
16%
—
Feb
120
a21% a21%
a41
9%
18% Mar
19% Mar
21
.
a29% a29%
a29%
'
44% Mar
17%
a88%
7% Mar
Jan
——.
32% Mar
300
18%
—
'
45%
a8%
17%
Apr
25%
65
14%
a60% a61%
■
*
*
-*
17
Jan
150
a30% a31
—
*
Del.
4%
Mar
6%
5%/Apr.'
17
Feb
6
17% Mar
509
a
—
Seaboard
.
a25% a26 %
'
1
Corp
15
Jan:
5%' Jan?
16% Mar
25
a35 % a36%
Feb
Jan
a41% a42%
—
Pennsylvania Railroad Company——50 a21%
Phelps Dodge Corporation
25
Pullman Incorporated
-*
16%
Pure Oil Co —
*
9%
Radio Corp of America
*
Steel
11%
65
'
a4 Ya
s.-
a32 % a32 V2
a35%
a29%
Republic
~5
15%
Feb
'•
1,770
al7%
a4'/»
4
Co
Inc
4%
Feb
Feb
'
V—*■
14% Feb
150
16% al6%
—
»
1
10
■4mm
Mar
10%
Jan
252
13%
•
Inc.
71
a26%
a
— —
Mar
45%
8% Jan
45%
100
4%
al5
a26
a26%
*
—
———
50
4%
1
*
North
'
common
3~0~%
30
al5
a26
* '
Inc
1% Mar
105
5%
•'
J)
'""raft
30
625
al5% al5%
_•
Libby, McNeill & Libby_
9% Mar
■
Class
Wayne
60% Mar
a47% a47%
;
5
—*
Co
Montgomery Ward & Co Inc
New York
Central RR
Jan
463
3%
'
—
Co
34%
58% Mar
9%
9%
■
.
*
Corp.
Copper
Swift
Walker
18% Mar
95
a36%
140
14
•w-I"
•
Feb
21% Mar
16%-Apr
55
*
Canada
Feb
10
_____
International Tel & Tel—.
1%
Feb
Jan
5%
—
«
common————
'"p^iMties
_4%
Jan
95
125
14%
_1
,
Corp—
Northern- Railway
American Aviation,
North American Co
30%
3%
8%
Udylite common
Union
•'
303
3%
•
(Frederick)
Stearns
67% Mar
Jan
16%
a30% a31%
a30%
56
al9%
a58 % a58%
a
1—____*
General Electric Company
9
'
Standard
Jan
106
a36
—-I
•
1
1%
s
Peninsular Metal Products
Mar
6
16%
—.10
Light Corp
&
Power
75c
50c
_
common
Motor
27
Apr
al9
a58%
.*
Class A
Electric
1%
1
#
Co common..
Davis
15
Company
25
Corp
—_1
Corp
Curtiss-Wright Corp..
Loew's,
Park Chem
Jan
5%
16%
__25
Zellerbach
Crown
75c
—I
—
..
common.—
common
is
■;
common
24%
265
3%
al9
•
Feb
424
a66% a68 %
-
5
Apr
Apr
a29% a29%
__
;
13
c
37%
158
5%
5%
3
t
v
—,
3%
Die Casting common
Micromatic
a25% a26%
5%
25
Pacific
Canadian
1%
"B"
Michigan Sugar common.
a25%
5
1
McClanahan Oil common
Michigan
43%
*
5%
e
common..
Feb
5
3%
Mfg common
S)
42%
Co
1
...
Drug common
113
50
Continental Motors Corp
Hurd Lock &
a41% a42
Corp
Airplane
—1
.
Valley Brew common
Houdaille-Hershey
a42
Bethlehem Steel Corp
Boeing
10% Mar
Feb
Jan
Company.
—3
common
common
19%
Jan
♦
36%
156%
Topeka & Santa Fe Ry__10G
Oil
183
a37% a37%
__
"
Brewing common...
Graham-Paige
6%
19%
5
common....
common—.—
Industries
Wood
Gar
—20
Iron common-
Michigan Stove
6%
common.__10
Nav
common
Feb
Jan
20
Company
Aviation Corporation
Bendix
Cleveland
Detroit
9
Apr
3c
Jan
1,149
(111)
Baldwin Locomotive
6%
1
*
_
1.15
157% 158
Atlantic Refining
10
—
common
Company
13%
common
Milner
9%
8c
1.30
1 %c, Feb
100
158
Copper Mining Co
&
8
—
common
Motors
Continental
Crowley,
_
common
9%
__
*
Corp
5
.
Capital City Prod common.
4,000
5
7%
American Tel & Tel Co
Armour
1,000
3c
1.25
14
7%
—
8c
2c
__
100
High
7%
8c
1.25
__
1
1
& Refining Co
Low
Atlas
10c
Stocks—
<Ss Sfcd Sani
Amer Rad
Range since January 1
Low
High
Shares
of Prices
Chollar
Cons
Cons
Gold Mining
Cardinal
100
99
216
265
50
95
150
152
211
256
—
Feb
Mar
42% Mar
Mar
88 Vis Mar
27% Mar
—
32% Mar
53% Mar
8% Jan
27% Jan
46% Feb
33% Feb
55
Mar
9% Mar
31%
Feb
46%
Feb
__
13% Jan
78% Feb
14% Apr
78%
Feb
THE COMMERCIAL &
1584
Monday, April 17, 1944
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
FOR WEEK
RANGE
ENDING APRIL 14
108'/a
—
a23% a24%
7
60
—
a2814
36
51%
-.*k. 12%
12%
160
12
Jan
14
a46% a48%
—5
Bros Pictures,
134
42%
Feb
47% Mar
.100
Telegraph Co
Western Union
._10
42
38%
290
Pittsburgh -Brewing
Mar
Feb
6%
a7%
38%
95
9
Apr
39% Mar
Jan
37
Fuel Supply
Corp——;
Fireproofing
National
common
Friday
Last
Par
Lehigh
Valley RR
40
83 ,4
5%
.42%
^
40
.
20
34%
5%
Jan
7%
7%'
Jan
84%
13
78%
Jan
270
13% Mar
39%
Apr
43
1,139
51%
Feb
850
8%
Jan
10
Jan
Corporation
Philco
Reading Co common
preferred
preferred —'
1st
2nd
Scott
—
Paper
common
.
Tacony-Palmyra BridgeClass
A
participating
Tonopah Mining
Transit Invest Corp common
Preferred
United
common
preferred
.—
Gas Improvement—
distribution
$3
Inc
Westmoreland Coal
7% Mar
4%
5%
Jan
3,599
2,590
26
Jan
19%
Feb
22
Jan
24%
1,115
23%
Jan
25%
Feb
10
116%
Jan
118%
'
•'
...
.
■'*
.
;Y
31% Mar
25%
Jan
30% Mar
32%
426
29 %
50
50
16
Jan
20
140
32%
Jan
36%
30%
50
27 %
Jan
30% Mar
American Inv common
10%
200
8%
Feb
10% Mar
Brown Shoe common
Jan
43
38%
Feb
56%
58
54%
Apr
60% Jan
30
12
29%
Apr
31
%
200
%
Jan
%
Jan
Griesedieck-West
%'
166
ft Mar
%
Jan
Hussmann-Ligonier common
1%
1%
1%
165
33%
581
33%
1%
4,801
17%
82
15
Jan
26%
90
22%
Feb
S
Huttig
&
D
27
.
Apr
Feb
Key
Co
25%
-
*
Duquesne Brewing
14
8%
328
27% Mar
Jan
7%
324 "<■:
4%
Apr
25
5% Mar
Feb
4%
260
16%
Jan
17
Feb
St.
15%
686
14 Va
Feb
15%
Apr
Scullin
Steel
Low
Par
Aluminum
"IOO
Can pfd-
of
Co
98%
*
15
A—
Co of Canada
Telephone
152
0
—
Bulolo
-
8%
•
16%
17
~~~5
15%
—
I100
105
Northern
Canada
Steamship common
Power
*
A.M
Cottons
Canadian
Canadian
Locomotive
Canadian
...
4m
Dominion
Steel
_
_
10
8%
_
_
156
28%
1
27
Jan
37%
215
36
Jan
Jan
39%
Apr
Mar
125% Mar
10
24%
Jan
33% Mar
5%
405
5%
Feb
10%
__T.
3
345
2,038
12%
175
123
6%
48
Apr
Apr
21
Jan
10 Vb
Jan
12%
11%
Jan
12% Mar
40%
41%
410
39
Jan
29
29%
355
27%
Jan
33
33
60
29%
Feb
*
common
.
„•
,
9V8
pojc
1587.
14
70
11
Jan
14
Apr
19
320
17
Mar
20
Jan
10%
250
10 %
225
9
Feb
10%
133
31
Jan
35
92
Jan
97
Apr
87
Apr
92
Jan
33%
33
33%
97
97
$2,000
87
1945
1951
87
1,000
Apr
MA*
Feb
Par
Prod
.■
*
Wares
Gurd
(Charles)
(1927) _50
w
—
6%
Hamilton
•
5'%
Holt,
Renfrew
Howard
Paper
12'%
405
10
108%
Jan
110
Jan
2
54%
Jan
55
Apr
7% Mar
8
Jan
6%
Jan
7% Mar
5%
Feb
Mining
•
Imperial
Tobacco
Industrial
of
Can
13%
Bronze
International Nickel
Petroleum
International
Power
Co
Ltd
Preferred
125
410
33
Apr
Mar
10
Lang, & Sons Ltd John A
Laura
Secord
—
Candy
Mitchell
Oil
—
(Robert)
Montreal
Cottons
Mont Light Heat
Montreal
preferred
National
Breweries
Mar
18% Mar
Apr
Feb
Car
common
Corp
23% Mar
118
Jan
Ogilvie Flour Mills common
Ottawa Car Aircraft
Ottawa
Ottawa
Electric
426
7%
Feb
8%
Jan
10%
200
9
Jan
10%
Feb
9%
1,375
8
Jan
72V4
145
72
Jan
74
Feb
Page-Hersey
2
155
Feb
156
Jan
Penmans
Apr
Jan
10
8%
Light
Rwys
Heat & Power
Feb
4
28'%
29
591
Apr
31
Jan
16%
16%
300
82
83
115
21
940
20%
90
24
24
45
110
109
I—:
25%
14
——
—
25%
14
14
8%
—
_
Apr
Jan
7%
275
19%
440
129%
5
19%
20
19%
8,777
21
21
21
65
13%
126 %
19%
21
8
•
27%
•
Jan
16
Jan
14% Mar
Jan
Jan
Jan
Feb
Jan
9%
8%
19%
130
Jan
35
198
33
102
41
Jan
43
14%
870
13%
Jan
15%
50
15%
Jan
22
48%
Jan
55 %4
26%
1,460
605
170
10
5
23% Feb
161
Feb
Jan
Preferred
Tubes
common
Jan
Apr
Mar"
Jan
42%
26%
Feb
22
34%
55%
Mar
Jan
Jan
Mar
Apr
26% Mar
170
Mar
5% Mar
100
4%
Feb
8
25%
25%
57
24 V4
Jan
25%
Apr
com—100
8%
8%
170
7
Jan
9
Mar
5
86
Jan
88
Apr
96 %
Feb
49
Apr
52
Jan
Feb
134
' Apr
5
8
88
88
8
95
95
10
8
50
50
225
—
100
133% 134
10
130 %
98.
.
Jan
24
42%
170
Feb
Feb
14%
21
Jan
26
34
34
14%
•
22%
Jan
7% Mar
16
82% Mar
Mar
Feb
8
18% Mar
113
Mar
13
25
160
18%
129 3/4
20%
20
106
225
8%
-•7%
-
Jan
23
7%
—
Feb
76
500
19%
•
28%
1ft
Mar
Ltd
Feb
Jan
14
8
_100
Preferred
12%
24%
100
Preferred
7%
7%
Jan
10%
24
21
22
Jan
14%
13
Jan
53%
116
30%
Mar
1,248
21
55
26% Mar
205
13%
Mar
25
Steel
Feb
Feb
Jan
22
25%
100
Preferred
108
Jan
106 % Mar
29%
53%
295
16%
21
—
IOO
& Power Cons
Jan
25
83
*
Tramways
13%
75
20%
«
~j*
McColl-Frontenac
10
24%
3
Massey-Harris
Jan
21%
28 3
•
common
6% Mar
12%
8
16%
ioo
Lake of the Woods
11% Mar
238
108
•
22
200
13 %
»
5% Mar
116
25
685
8
common
5%
11%
Apr
24%
———7-77——100
International
5%
12%
11 %
25
cpm__"
—7—15
common
200
Apr
11%
——
of Canada
International Paper
Preferred
preferred
6%
11% Mar
88
21%
common—5
Acceptance Corp common..'
International
6%
29
»
Ltd
Oil
r~
50
14%
Jan
85
7%
108
ioo
Bay
55
10
•
Preferred
Hudson
Imperial
Jan
10
14%
10
—100
common
Jan
9%
113
11%
5
common-
Smith
Jan
8%
87%
7%
•
Bridge
8%
5% Mar
16
8 %
55
'
Gypsum, Lime & Alabastine
Hollinger Gold Mines
Apr
11%
8
common-
Jan
109% 109%
12
8
ioo
Goodyear Tire & Rubber pfd
4%
14%
87%
8%
100
common
High
Low
15
185
5%
15
14%
8
Preferred
Range Since January 1
Shares
High
5%
—
—
8
common
preferred
Low
8
Canada
for Week
Range
42% Mar
29%
4% Mar
18
,
Sales
Week's
of Prices
Sale Price
Noranda Mines Ltd—
100
Feb
10%
10
Niagara Wire Weaving
7%
Jan
9%
10%
10
28% Mar
7%
Feb
13%
41% Mar
156
~
18%
13%
Feb
156
.
•
Jan
Jan
9
Mar
32
33%
10%
44
50
23%
72%
—
Mar
225
170
7%
—25
Feb
17
Feb
240
18
14
15
105
18
17%
•
Feb
4%
21%
Jan
13
%
Apr
Apr
105
16
Jan
18
Apr
175
40
Apr
16%
17%
14
16
Apr
6%
13%
T
16%
40
Apr
11
Apr
5% Mar
249
16%
27%
116
11
125
6%
2%
1% Mar
55
2%
13%
38%
30
37% Mar
16
4%
"4%
Jan
7*10
38%
38%
Jan
Jan
35%
340
27%
9
Ltd—
Tfl
Feb
30
33%
48
11
Feb
28
Jan
25
29%
_
Chemical
^"•4"WCS
10
Jan
26%
Mar
45
Jan
41
365
'
FT
-
8%
122
of
Co
General Steel
National
Dryden Paper
'
1,371
8% Mar
Jan
40%
Co_
Dominion Textile common
Preferred
7%
43%
12
12
0
& Coal B
&
Jan
10%
common
Stores
Dominion Tar
Feb
35
46%
■
10%
Dominion Foundries & Steel
Dominion
12%
Jan
5%
5%
5%
■.
common
_
_
Apr
31%
33%
'
-
m
Glass
9%
50
*
Dairies
Preferred
452
—5
Distillers Seagrams common—;
Dominion
Jan
10%
122
'
— —
»•
Dominion Bridge
Dominion
'
"
a
Seal
&
'
—25
Glass
Cork
■
..
;
Consolidated Mining & Smelting
Crown
——
*
Plow
Consumers
Apr
9
*
-
Pacific Railway
Cockshutt
Jan
105
37%
''
;
*
preferred—— ri?0
*
Investment corn-
Alcohol common
Ind
21
Jan
Apr
26%
•
'
Canadian Foreign
Jan
Jan
81
..
Celanese common-.,
Canadian
108
7%
18
50
245
■
28%
——
'
25
-
Jan
8%
•
II25
Preferred
8%
Jan
7%
Jan
33%
42
9
Canadian Car & Foundry common-
8%
7%
7%
HI*
Preferred
_
15%
Apr
9%
'
•
9
Breweries common
preferred
Jan
16%
33%
10%
1Z50
Old
17%
Jan
15
18
105
:
preferred
New
Jan
Jan
104
41
105
8% Mar
8
—8%
-1,610
*
Jan
24
Apr
—
Canada
Canadian
5,000
7%
6%
Feb
24%
15%
■
566
16%
Feb
156
Jan
21
5
8%
17
107% 107%
•
107%
IlOO
1,617
225
18
class A
Forglngs
Canadian
21
7%
—
—.
Canada Iron Foundries common
5%
21
f
Canada Cement common
Canada
24%
-
•
Preferred
23% Mai-
16% Mar
Jan
Mar
23%
—————
Building Products class A
13%
151%
21%
Feb
22%
Jan
21%
375
Jan
100
Jan
Mar
445
21
Corp A—-——
Power
Jan
15
23%
a
Col
98%
Jan
153
14%
I100
Brazilian Traction Lt & Pwr——
Bruck Silk Mills
Feb
96%
51
22%
22%
Jan
90%
21
285
:
10%
Jan
88
5
21%
Jan
———
& Paper class
Bathurst Power
Brit
9
136
98%.
21%
21%
*
Corp
Associated
Breweries
Bell
?
92
9
80c
140
extended—
Heating
Gatineau Power
5 '/o
89
35
44
Jan
Apr
95
37%-
'
9
92%
*---—
Asbestos
i
High
Low
High
92
Ltd
Aluminium
&
Foundation
Range sine# January
9
—.—
7
45c
17%4
40
Apr
100
13%
new 7
11
Jan
Mar
ENDING APRIL 14
Enamel
92%
*
Algoma Steel com
9 %
8
Jan
685
7%
17%
Last
Sales
Shares
6%
325
11
50c
11
STOCKS—
for Week
of Prices
60
13%
7
Range
Last
7%
37%
2%
37%
&
Funds
Sale Price
Apr
7%
Friday
STOCKS—
31%
6%
3s
Montreal Stock Exchange
Week's
Feb
LISTED MARKETS
FOR WEEK
RANGE
Friday
28
—20
common
6s
Louis* Car
17
CANADIAN
Canadian
150
Bonds—
15%
—
Apr
31%
9 Via Mar
17
5
.
25%
4%
4%
10
Oil
High
Low
High
8%
...
8%
Columbia Gas & Electric common-
Range since January 1
Shares
of Prices
Low
*
Devonian
for Week
Range
15
45c
Supply common—-8
Missouri Portland Cement common—26
National Bearing Metals common
8
National Candy common
8
Rice-Stix Dry Goods common
8
Scruggs-V-B Inc common
__5
Sterling Aluminum common—,—
1
Stix, Baer & Fuller common_.a_
10
Wagner Electric common
15
Sales
Week's
-
Jan
8
common
Steel common
Piping
12
10%
10%
—_
17%
190
31%
——
—
Apr
15
7%
—100
International Shoe common
•
Johansen Shoe common..
1
Johnson-S-S Shoe common..—^—-8
Common
Apr
9%
Jan
15
31%
5
100
Brick pfd—
24
Feb
8%
Mar
5% Mar
Apr
23
100
9%
9%
5%
81
24
24
15
8
comon,
5%
252
43
Jan
40
253
7% Mar
Jan
6%
100
42%
5%
High
Low
7
7
1
Range since January
Shares
High
42%
8
common
for Week
Low
1
Brew
Sales
Range
of Prices
10
;——;
common
Hydraulic Pressed
Jan
2% Jan
1% Mar
1%
Brew
Laclede
_
SL593
Exchange
Week's
Electric
Falstaff
Jan
36%
Feb
17%
26%
*
CEntral 7600
Bottling common
1
common————4
Cbea-Cola
1 % Mar
Jan
1
33%
Co
Electric
Century
Jan
2
1% Mar
199
1%
Sale Price
Co—
1871
Bell Teletype
1
8
54
Last
Allegheny Ludlum Steel—
Blaw-Knox
Feb
St., St. Louis 2, Missouri
Par
Apr
40%
18
Par
25% Mar
Sale Price
stocks—
Mar
18%
36%
%
STOCKS-
33%
Apr
Last
Emerson
•
Apr
22%
Friday
54%
Friday
'
:
1
31
305
St. Louis Stock
29%
.<•'•••
:
•
100
22%
Phone
Feb
Pittsburgh Stock Exchange
:•
31
»
Feb
34%
117
Midwest
•
7%
30% Mar
2,282
McQuay-Norris
■'
8%
9% Mar
Jan
5%
20%
39%
33%
5% Mar
Feb
6% Mar
Feb
10%
--
7c
Jan
6%
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
30%
40 Va
Jan
3%
247
Chicago Stock Excb.
18%
—'—10
—20
—
5%
24%
1%
—
4%
265
117
.
2c
800
10,000
Members
36
Ex-stock
Westmoreland
40
6%
29%
—
Feb
4c
St. Louis Stock Exchange
Mar
29%
v
United
6%
31%
*
-1
25
25
*
*
—
Corp
10
5%
34%
1
*
*
Oil
Sun
.
*
Oil Corp__
Dome
Salt
58%
19%
100
25
-3
50
———50
50
Apr
22%
New York Stock Exchange
Feb
29%
5/8
29 %
20^
45
5%
Established
59% Mar
6%
.
Apr
108% Mar
31
300 North 4th
-—-1_
14% Mar
632
6%
50
•
Pennsylvania RR
*■
Philadelphia Electric Co common
$1
preference common
4.4% preferred —Q
Phila Elec Pow 8% pfd
Apr
Jan
14%
9%
50
Feb
Jan
45
Edward D. Jones & Co.
Jan
46%
Feb
6%
.
40%
57%
7%
Mar
14%
39%
57%
*
-I
Power & Light
National
42%
215
86
39%
__
41
95
11
4c
'
—
22%
8% Mar
Mar7'- .77.
-~A 5
100
-
43%
42%
Apr
7% Jan
"
5%v
5%
•
Pennroad Corp
40
Feb
75
90
-
63
141
7
45
Apr
21% Mar
6%
50
General
159% Mar
83%
;
1% Mar
St. Louis Listed and Unlisted Securities
16% Jan
Jan
7%
10
Lehigh
Motors
Coal & Navigation
335
6%
•
Battery
Electric Storage
19%
156
574
19 %
Jan
18% Mar
14%
160
15%
157% 158%
158%
19%
100
Baldwin Locomotive Works v t c
13
Bankers Securities Corp preferred—50
Budd <E G) Mfg Co common
*
Budd Wheel Co.——————*
Chrysler Corp
-—-•
-5
Curtis Pub Co common—
*
Prior preferred
*
Delaware Pr & Lt common
(wd)__13%
Tel
American Tel &
1% Mar
High
Low
High
*15%
American Stores
7%
Feb
1
Range since January
Shares
of Prices
Low
Jan
50p
1%
Jan
110
for Week
Range
•'
6%
458
Sales
Week's
Sale Price
Air Brake
Westinghouse
8% Mar
5%.
—
•
Alloys Steel
Vanadium
Feb
Jan
1,744
50
45
—.
1
1
__8
Springs
Steel
Standard
Philadelphia Stock Exchange
8
106% 108%
107%
25
Pittsburgh Steel Foundry preferred-100
San Toy Mining
1
Shamrock Oil & Gas common
8TOCKS—
50
*
Preferred
582
Jan
104
Jan
.
1%
95c
1%
Pittsburgh Plate Glass
101
17% Mar
1
7%
7%
——
Jan
8%
.
4%
Jan
16%
20
102
8%
%
8
3%
80
7%
102
High
Low
780
4
16%
16%
10
10
*
*
—
Range since January 1
Shares
High
3%
M
preferred————100
Gas
Mountain
Mar
Feb
93
81
7
a7%
A7%
—1
(P W)
Woolworth Company
a96 % a96 %
.-50
Westinghouse Elec & Mfg Co—
Willys-Overland Motors Inc——
53% Mar
51% Mar
556
Low
1
*
Walker Refrac
Co
Lone Star
of Prices
Par
7.,-.
Brewing
Pitt
Koppers
1% Mar
Jan
51%
Steel Corp
Inc
United States
Warner
1%
100
;..'7''
•••'.
Harbison
1 %
■,
'•
:
Fort
1 %
Corporation (Del)
United
a
428
■
.
■
188
al05
-100
Pacific Railroad Company—5
United Air Lines Transport5
United Aircraft Corp.———---
Union
1
for Week
Range
,
Sale Price
STOCKS—
,
High
Low
High
Low
Par
Range Since January
Shares
of Prices
Sale Price
STOCKS—
Last
for Week
Range
Last
Sales
Week's
Friday
Sales
Week's
Friday
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159
CANADIAN
RANGE
Week's
Friday
Last
STOCKS—
Par
MARKETS
ENDING APRIL
14
Sales
Friday
Range
for Week
of Prices
Sale Price
LISTED
FOR WEEK
1585
Shares
Low
Week's
Sales
Range
for Week
of Prices
Shares
Last
STOCKS—
Range Since January 1
High
Low
High
Sale Price
Par
Low
1.84
4,300
8c
8c
500
4.05
4.20
1,100
3.70
3.70
Range since January 1
High
1.74
Low
High
'
of
Corp
Power
& Co
Bros
Price
5%
•
Canada
Ltd
preferred
6V2
IZIoo
21%
1,520
19
Jan
243/4 Mar
98
120
93
Jan
98
Mar
13
310
12 Va
Feb
14
Feb
San
8
25
Feb
Shawkey Gold Mining Co Ltd—.
Sheep Creek Gold Mines——.
Apr
Siscoe
102
102
8%
7% Mar
25
102
Jan
99
Pandora
Pato
Cadallic
Cons Gold
Class
A
St.
III-50
Gold
Canada Power
of Canada common.
Co.
Steel
15
15
71
71%
4
s
4
6%
—
100
—
154
—
$
-
-
Cotton
Grocers
3
common—
*
Ltd.
i
-
.
V"
—
preferred
Jan
Jan
71% Mar
2l/:"
3
17
10
6%
7
_
.
1,250
-
69%
78
154
Jan
-
6%
90
30
Calgary
Home
&
Jan
52
Mar
.18%
6
Jan
100
Apr
26
131
150
150
19
150
100
237
237
4
138
140
77
Co
69 %
Week's
Last
of Prices
Low
Power &
preferred
Jan
Beauharnois
American
Ltd
Corp
Oil
*
Ltd
Co
Apr'1'
237
240
Jan
142
Jah
135
Mar
Canada
&
Canada
Malting Co
Canada
Northern
Dominion
Sugar Co
Power
Gas
Oil
&
Agnew-Surpass
General
Industries
7%
Shares
—
High
Low
High.
575
2%
Jan
395
27%
Ltd
Light
5%
Tr
Inv
75
3%
80
6
8
386
8%
8%
130
7
Feb
8%
21%
22
465
21
Feb
22%
&
Vickers
Shoe
Neon
Preferred
92
60
3% Jan
71
Jan
2%
Adv
Ltd
Huronian
Paper
Aircraft
6
Apr
Mar
Ltd
Mines
Aumaque
Gold
Bagamac
P
&
Jan
Bank
of
Nova
Apr
Bank
of
Jan
Barkers
10%
20
Jan
20%
Jan
90
Jan
Metals
Apr
Southmount
1514
75
15%
94
1.90
2 %
2,195
60c
*
60c
171
5%
5%
59
15%
1.85
60c
99
25
5
70c
Mar
54
55
40
Jan
51%
100
*
9c
9c
15
3
3%
450
15c
15c
12
10
10
3
6
6%
3,657
_*
85c
85c
100
3%
_*
47%
Apr
2% Mar
Jan
54
Jan
11% Mar
Jan
51%
Mar
Jan
7
67% Mar
Feb
52
Jan
Bear
Exploration
Rights
Berens
River
Bidgood
Blue
Top
Bobjo
Bonetal
(if
Inv
5%
65c
Jan
6%
Jan
British
Columbia
Feb
1.00
Apr
British
Dominion
&
7%
1,146
7%
Jan
16
25
14
9 % Mar
Jan
16
2%
2%
3%
24
990
2%
3 %
23%
Brown
Oil
Building
2% Mar
3%
Feb
Caigarv
Jan
3%
Jan
23%
Feb
24%
45c
100
25c
Feb
45c
Mai*
20%* 21%
3,205
20
Jan
23% Mar
20
Feb
25
16%
Jan
18%
Feb
24
Apr
24
Apr
25
17
17
5
24
25
Aor
20%
20%
25
Beaufor Gold
Mines
Gold
Mines
20%
21%
295
8%
235
8%
.Tan
Canada
8% Mar
Jan
1.00
1.50 Mar
28%
28%
32
28%
Apr
4 %
4%
37
39
53
35%
Feb
39
Apr
94
94
10
92%
Feb
95
Feb
105 105%
52
104%
Jan
39
24 c
75-
25c
5,477
27
27
50
3%
25c
4—Jan
-
-
Feb
5% Feb
105% Mar
22c
Apr
30c
21
Jan
27
3%
3%
7,280
1.75
Jan
59%
59%
30
57%
Feb
63
21%
21%
25
20%
Jan
21%
Mar
Apr
3% Mar
Mar
Feb
'
8c
8c
.1
footnotes
page
13c
14,500
15%
30
Jan
Jan
245
Jan
236
Apr
.
Feb
16c
157
Apr
230
11 %c
2 %
Mar
3
Apr
10c
Jan
15%
70c
75c
Mar
13c
Apr
1
1%
1.87
30
30
152 153%
152
-25
85c
Mar
200
21%
80c
76,850
8%
21
8%C
8%c
8%C
5,300
25c
27C
80,996
80c
—V
11%
80c
30
Apr
157
Jan
17
Jan
980
11%
21
25
25%
Apr
24%
2.230
21%
Jan
21%
21%
22
785
12
21
21
21
35
1.18
56,327
69c
25%
Apr
24% Mar
74c
82c
35,565
70c
22%
Jan
76c
J
21
1.13
Mar
6c
6c
21
500
Jan
1.18
Apr
93C
Jan
6c
Apr
8%c
Feb
3.55
Jan
4.35
Jan
5%e Mar
9%
Jan
3.55
3.60
550
•
5%c
6%C
7,000
*
16%
16%
15
9
25
10%
10%
65
1.85
1.95
1,625
20C
22c
4,050
5%
5%
20
7y8"r'":6%
7%
1,205
6%
Jan
104% LI 104% 104%
247
104%
Apr
♦
Jan
24%.
Apr
•
Ltd
Mar
12%c Mar
--.Mar
1.13
Apr
Jan
27c
Jan
25%
-23
«
Mar
10 %c
Feb
25%
12
•
Jan
9
7%c Mar
20c
Jan
67c
Jan
23%
*
A
1.00
Apr,
Jan
8%
25
Jan
Jan
37c
5
8%
2.45
Apr
151
500
42C 47 %C
8%
..
Mar
2% Mar
1.70 Mar
323
46c
»
Jan
1
5,317
16% Mar
524,370
1.80
Feb
36c
50,525
1%
1.80
13%
Mines
Corp Ltd
•
1.86
1
common
100
18
Co
—
91
18
37
'
44
45%
15%
17
Jan
8% Mar
9%
Jan
10%
Feb
11% Mar
Apr
1.85 Mar
Ltd—
96
Steamship Lines
.100
151
i,j
20c
2.24 Mar
5
10
Jan
7%
Jan
104% Apr
23
Feb
Apr
33
20
Mar
37
Jan
46
43'A
Feb
6%
Apr
.
!
Feb
200
8
Apr
96
5
90
Jan
99
Mar
145
Jan
153
Mar
151
9%
152
84
10%
34
255
21
21
100
100
92
92
9%
1,315
33%
5
.122
10
Feb
25c
18
480
0
common
Apr
8
8
Power
Canadian
—50
l—
Wire
Cable
&
class B_—.
Bakeries preferred
Canadian
7c
7c
8%
Feb
12% Mar
Jan
Canadian
Dredge
Industrial Alcohol A
Locomotive
1,600
;1
9%c
10C
14,000
1
125
12
Jan
14
Mar
♦
25
8%
8%
15
26
26%
195
37%
38
85
16%
17
70
15
Jan
51
52
88
44
Mar
5%
250
47
35
9%
5%
5%
46%'
65c
8% Mar
24%
•
28
Jan
35%
Jan
5%
27
60c
Jan
Jan
Mar
39%
Feb
Mar
Feb
17% Mar
52
.
Apr
6% Mar
47
80c
Apr
Jan
18%
Apr
21%
Jan
2,150
10%
Jan
12 Va
Feb
1
1.70
1.70
1.75
1,100
1.55 Mar
1.90
Jan
..1
.1
1.77
1.77
1.80
2.375
1.62
1.92
10c
11c
5,312
8%c Jan
13c
Jan
..1
1
28c
28c
30c
2,420
17c
48c
Mar
Chestervillp Larder Lake Gold Mines -1
1.40
1.35
1.47
9,128
•
1.46
1.46
100
*
13
13
50
1.85
1.85
1.93
9,125
12%
12.%
12%
11c
Feb
Central
Jan
Chemical
14c
13%
15
12
3%c Jan
13%
1,650
Jan
Jan
13%
20
Jan
1.98
Mar
65c
4c
Apr
24
10%
11%
1.75
Jan
*
Mines.
Porcupine Mines
1.80
Jan
22%
18%
Patricia
1.75
8%
330
10%
Central
1
Feb
100
24
10%
Jan
Mar
Mar
9%
24
18%
Jan
8c
9%
9%
24
•
common...
6c
2%c Jan
Mar
8% Mar
45
Jan
*
Pacific
1,500
14,000
136
Jan
29
Oils
Canadian
8%C
6%C
5
40%
9%
—*
Gold
5%c
280
•
Co
Canadian
Cariboo
.1
93 % Mar
*
Dock
&
Products
20c
100
Apr
Feb
•
common
3%c Jan
1,200
Feb
21
129% Mar
608
43
91
35 %
Jan
Jan
*
Foundry common
Celanese
Jan
9c
7%
42
18%
20
common
....
preferred
Canadian Food
7%
43
31%
*
Canners
preferred
Conv preferred
Jan
Apr
131 133%
7%
•
1st
New
131
*
common—L
2c
7c
1
100
of Commerce
Breweries
-Preferred
1,000
11%
Qold Mines, Ltd—1
see
200
Jan
Api
23c
Apr
Jan
236
Jan
32c
Jan
12%c
150
Apr
4.15
Apr
i.x*/2c
20
2%
37
Preferred
Canada
Rv
Quartz Mining
Gold
Research
Mines
-11
Corp——
Knitting
»
Mining & Smelting
Circle
Bar
•
*
'—
Jan
Jan
1.26 Mar
1.27
Feb
1.72
Feb
Feb
1.65 Mar
Apr
13%
Feb
1.R5
Apr
2.08
Jan
13
Jan
16
16%
65
15%
Feb
16%
Apr
Onckshutt
6.30
700
6.15
Jan
6.30
Apr
Coin
Willans
Plow
2.25
2.25
500
2.25
Apr
2.70
ADr
Coniaurum
.3.45
500
3.40
Feb
3.60
Jan
Consolidated
Mines.
•
21c
*
L
Mines
Bakeries
—.—<
*
260
11%
Jan
12%
23c
9.675
15%c
Jan
28c
Feb
22c
*
21c
22c
1,500
20c
Feb
22c
Mar
1.45
—
—
Ltd
3.45
Gold
Co—
Lake
Commoil
For
233
■2%
11c
'
21
Permanent Mortgage
6.15
Goid Mines.J.
30c
Jan
Mines
2,280
11%
Lamaque Gold Mines Ltd..
Coekshutt
3.20
1.01
'
common
Malting
Cochenour
Red Lake
230
233
,
15c
*
—
19c
;
:
Canadian
Ltd—.—♦a-———I
Ltd
29,100
.,,.1
Chromhim
Mines
32c
•
Canadian Malartic Gold
•
2 %C
Ltd.:—
30c
30 %C
IZIoo
Canadian
2%C
Joliet-Quebec Mines
Apr
1,950
..1
Edmonton
Canadian Bank
-
25c
2%c
—_
24c
3.65
;
Jan
28% Mar
*
Limited
Jan
8%c Jan
3.50
Mills 2nd pfd
Cement
Canada
7%
Jan
20c
East Malartic Mines
53c
80.059
•
Packers
21
Jan
'
Mines Ltd
18c
Mar
21c
B—
Gold
Northern
Jan
1.25
19C
Cadillac Gold
Feb
37c
19%c
Class B
19%
20
•
——
6.75 Mar
12c
19%
.1
—
Canada
35
Ltd H—
Ltd
Mar
1,000
18c
40c
71c
Steel
Bread
Canada
21% Mar
25c
19c
Mines
Jan
Apr
48,400
13c
.....
Canada Cycle & Moter pfd stamped
Foundries & Forging A
Jan
1.50
—*
Ltd
6.10
Jan
55c
40c
15%
~
Gold
Products
Canada
18
25c
*
I,
10%
3,100
14c
Canada
24%
4
1.50
\
,i
42
Corp
&
Canada
75
45c
25
v
100
Apr
Jan
2
24
pfd..50
preferred
*
Ltd
92c
238
-.1
Calrnont
35
817
*
Mines—
6.20
90c
58 %c
Feb
20c
Apr
■"
Aldermac Copper Corp
Arno
Mines
Ltd—
6.20
90c
7,400.
236
PorcuDine Mines. Ltd
15
...
65c
_•
Power
7%
734
*
Worts
62c
238
I
Oil
Ankerite
29% Mar
*
—
65c
160
84
Jan
Canadian
Limited—
Brewery
98%
7,600
10
Canadian Car &
pfd
98
1.79 Mar
14
8% Mar
7,050
Jan
Canadian
Walker-Gooderham
69c
Ltd.
Buffalo
*
r/«t cum 1st pfd.
Feb
98
21c
Cordage preferred
Buffalo
when)
Jan
10
Mines,
Apr
pfd——10
and
99 Vz
Bralorne
Mar
vot trust
as
Jan
Brazilian Traction Light & Pwr com .j*
British American Oil
_»
32
•
Ltd
Jan
96
Brantford
17%
part 2nd
N C
Co
99
Feb
Jan
preferred
92
Jan
Feb
3%
Jan
Co
J an
88
Feb
20c
Jan
2034
85
25'
25c
Apr
24%
100
15
92
Jan
11%
*
pfd
92
92
Jan
9c
28%
*
92
15c
100
;
Jan
„2%
205
pfd—100
Paper Co
15c
50
150 151%
Mines
Gold
315
B___
26,749
9
II
28
25
20c
12 %c 13 %c
Ltd
17%
*
17 %c
17 %c
20C
Gold—
Brewing
Mines
31%
'
Mar
«
—_
28
!•
11c
150
Mjnes
Kirkland
Biltmore Hats
17%
24
2,540
12 %C
Bell Telephone of Canada.
31%
—
12c
1
—
•
•
12c
& Radium
'
A
Jan
Mining..
20
•
Jan
»
15%
P
Power
Thrift Stores 6%
MacLeod
16% Mar
Jan
1.10
Bath'urst'Power & Paper class A__
Canadian
Madsen
Jan
12%
A
common
Apr
65
GOc
Canada Power 6%,pfd__—100
Lake Shore
10c
-100
Beatty Bros class "A"
Southern
Central
Jan
,
Jan
45% Mar
"
Bralorne
7%c
,i ..100
Toronto.,....—....
Bread
Apr
Ltd—
class
Storage
Corp 6//>
Bouscadillac
6,500
100
Jan
Grain
■
8%C
1
Scotia
65
Aviation Ltd
cum
Jan
8c
8%c
.1
174
Reliance
$1
75
1
...
Jan
5
Corp
&
cumulative
Walkerville
Jan
30
...
—
Apr
65
—»
&
Island
Refrig
Power
58
5,675
-
Montreal
Burlington
Ltd
Distilleries Ltd
Noorduyn
25
1
169 Va
169% ■169%
•
cum
Massey-Harris Co Ltd 5%
$3
66
pfd._100
Mines
of
Canada
Mtl
66
High
1.65
Mines
7
Utilities Corp A
Power
Montreal
36'A
•
5%
Beattie Gold Mines Ltd
Ltd
Sec
John
Melchers
Jan
16%
Ltd
Jan
.
Canada
Groceterias
MacLaren
27%
1
Gold
Bank
43%
*
Companies, Limited
International
St
2,285
Aunor
156
Ltd
of
Power
Loblaw
31
Low
40c
Apr
Ltd
Corp
Corp
Aircraft
Lake
3%
29%
6.20
Jan
Woollens
Motor
Fraser
Jan
29 %
Gold
Caldwell Linen
Foreign
2%
Ltd
10%
2%
East Kootenay Power 7%
•
175
.
145%
preferred
Donnacona Paper Co Ltd
Ford
2%
1
Broulan
Fleet
High
2%
•
Canada
14
•
Range since January 1
Low
2%
1.60
common
of
40
Ltd
Shares
9
20
common
Sales
for Week
Range
of Prices
16%
—
11
A———
Exchange
Week's
ioo
Ltd
Co.
4 % Mar
Jan
100
Sec
Jan
1
Copper
92
Ltd
Mar
Funds
Steel common
148
Ltd com-'
3.65 Mar
•
Consol
11
Dominion Engineering Works Ltd
Dominion Oilcloth & Linoleum
Fairchild
4%c
1.95 Mar
Jan
l
145%
:
Aircraft
65
common
General
Div
Consolidated
755
45 34
1
Ltd
Alcohols
Commercial
Consolidated
20%
45
Co
Westinghouse Co
Dominion
Jan
common.
*
preferred
cum
2014
Co—_ 100
Power
Marconi
Power & Paper Inv
Cub
3%c
Astoria Quebec Mines.
Base
pfd—100
Canadian
Claude
500
»
Ltd—*
B—
Canadian
7 cfo
3%c
1.90 Mar
3.25
Jan
—
-—J——100
Inter
Canadian
3%c
Co
Pacific
Armistice
Range since January 1
66
pfd—100
Investments
pfd
cum
Canadian
55c
Ajax Oil & Gas
Anglo
*
Power
Canadian
Canadian
Apr
common
Aquarius Gold Mines—
Arjon Gold Mines
Sales
•
Ltd
Canadian
7%
52c
Anglo Canadian Oil
'
Canadian
100
500
ioo
Acme
3%
21%
Jan
230
preferred
Jan
3%
8
5
Van Ltd—
Distillers of
&
Brewers
Power
Apr
3.30
52c
100
155
'
30%
3%
»
4.95
Feb
1.90
Sale Price
Bankfield Cons Mines
«
Feb
2.95
3.50
preferred
7%
66
—100
Bathurst Power & Paper Co B.—
4.55
100
52c
Par
Feb
2%
29%
200
3.05
1.90
Last
135'A
MaiV ■■■
29%
—
—100
4.90
Jan
___«
......
Jan
120
'
*
Paper common..
Feb
3.50
STOCKS—
Apr
for Week
Range
Sale Price
Par
cum
1.80
65c
Funds
Friday
British
1.90
Jan
Montreal Curb Market
preferred
Jan
Mar
•
_■
__
Preferred
7%
1.62
3.05
Friday
Aluminium
6 %
1,250
4.90
3.05
Canadian
Aluminum
8t
3,900
1.78
Toronto Stock
Algoma
Abitibi Power
47c
1.70
•
Ltd
Pacalta Oils Ltd
Aldermac
STOCKS—
42c
*
Corp
Ltd
Oils
Alberta
Canadian
Jan
Apr
46c
7% Mar
Mar-
131
100
Jan
1.00
1.76
Feb
131
—
6c
Apr
Feb
85
-100
Scotia :
Jan
98c
Apr
Apr
100
Royal
2%c
500
»
6 %
Montreal
Apr
3,000
Apr
Banks—
Nova
Edmonton
Oil
Okalta
Abitibi
Commerce
3.75
5c
98c
Oils-
Apr
50
62
-
3.70
Apr
Jan
4%
■
Jan
17
100
~
Feb
82
500
100
Apr
12
Jan
Feb
82
100
--
65
Jan
51
68
—100
_
Feb
Feb
5%
125
■r-
""ioo
Preferred
Jan
3%
17
6%
Winnipeg Electric common-
15 %
75
82
—
Jan
11
154
25
6%
51
a
.
16
105
4%
90
82
Wright Hargreaves Mines Ltd..
14
10%
90
—
Ltd
1
154
;
6%
--
*
Wabasso
Western
11
Apr
Jan
5c
Ltd..1
Waite
Jan
Jan
9%
Feb
4.20
3.40
Jan
15 %
69
65
Mines
Jan
53
63
125
11
100
—
common..
*
Mfg
63%
Amulet
10c
Jan
Apr
11
25
Ltd
1.95
Jan
98c
1
Mines
Jan
7c
5c
_1
Cons
1.38
98c
1
50c
Ltd.
130
Feb
15
504
9%
63%
71
13%
50
14
1
Apr
46%
4.15
_l
Apr
Apr*
125
2,071
9%
•
preferred
Corp
Preferred
Woods
14
■"'
*
Tobacco
Steel
Wilsils
15
14
-25
Biscuit
Viau
14%
_
Tooke Brothers
United
13%
-
-
Preferred
Tuckett
140
Dredging Ltd
Mines
1.74
Mines. Ltd....1
Jan
13%
2
48
3%
2% Mar
110
125
H
& Sons common
13%
125
14%
#
H
515
48
Shawinigan Water & Power
Sherwin Williams of Can common—'
Simon
2%
13%
125
Paper preferred— -.-100
Lawrence
Southern
2%
13%
100
Flour Mills pfd
Lawrence
St
2%
Gold
1
Antonio Gold Mines Ltd
Sullivan
«
Corp common
preferred
Ltd
Mar
8
Lawrence
S't
Mines
6
97
,97
*
Quebec Power
Regent Knitting common
Rolland Paper preferred
Gold
335
12%
™100
——
Jan
O'Brien
6%
21%
•
common—
7%
6'A
1.49
600
15
15
1.45 Mar
15'
Jan
Feb
1.70
Jan
15%
Feb
1587.
3k.
THE COMMERCIAL &
1586
Monday, April 17, 1944
FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
FOR WEEK ENDING
RANGE
Friday
Range
Low
Par
(Toronto)
Cosmos Imperial Mills
Crow's Nest Pass Coal Co
Consumers Gas
Ainraft
Cub
—
Petroleum
-7
common
Distillers Corp—Seagrams
'5'A.
.
*
>-1
•
•_
Nickel Mines
Denison
—.
——♦
Dairy Corp common—Davies
100
*
—
——
—
27%
160
1°0
-•
--2a
Bank
& Steel com
class B
Dominion Foundries
Dominion Steel
Dominion
Dominion
Tar
--
Chemical common..'
&
—
—100
Worsteds com..*
—
—
20
17
Preferred
-
Woollens &
Dominion
Preferred
"
1
Oil-—
Malartic Mines
Crest
Eastern
Easy Washing Machine
English Electric A
25
Kirkland Mining
Federal
Fleet
1
*
1
*
*
Co
Gold Mines—
Francoeur
•
1
1
1
Yellowknife Gold Mines
Lake-Porcupine Gold
Glenora Gold Mines
Giant
Gillies
--
2.90
He
4'Ac
17c
*
Ltd
God's Lake Mines
1
1
1
1
Goldale Mine
Mines
Mining
Gate
Goodfish Mining Co
:
'
—
10c
—
—
*
—
Common
Saddlery
West
Preferred
Wire
Greening
7%
—.
46
i
—*
6%
5%
Bridge common
—
Harding
*
Harker Gold Mines
1
1
Carpet ——
Hard Rock Gold Mines.—
1
—*
Consolidated Gold Mines
5
Hollinger
*
Oil
Home
Gold Mines
Howey
Class
1
•-
A
class
—
—
*
B
—
A
preferred
— —
Nickel
International
Petroleum
Jack
Mines
Jellicoe
J.
Mining
Waite
Jason
class
A
Mines
19
102
Nordon Oil
106
Feb
Northern
Feb
5%
Jan
Jan
9c
26 %c Mar
Gold
Keri-ndaison
9.20
1
Mines
1
Lake
Kirkland
Townsite
...
32c
1
Kirkland-Hudson
Kirkland
15
9.20
30c
* 97c
13c
•
8%c
1.66
12%c Jan
Apr
Jan
97c
1
13c
11%
365
8c
8c
500
•
1
5
14%
9
Mar
22
Mar
7
Apr
Jan
Pandora
Feb
Powell
125
15%
Apr
15% Mar
33c
Jan
48C
Mar
9% Mar
Power
84
Jan
90
Jan
11%
Feb
13
Mar
3.25
Jan
5c
„12%c Mar
Feb
5c
4,000
3J%o Feb
3,700
16'Ac Mar
22 %c
Jan
21 %c
15c
2%c
6,100
7c
Jan
Metals
Preston
East
of
Reno
Shore
Roche
30
4% Mar
6%
Jan
5
20'%
4'A
Apr
10
19'%
Jan
5%
Jan
Lang
& Sons ;
Cadillac Gold
Lapa
Laura
Secord
Lebel
Oro
Leitch
Mines
7%
92c
Apr
St
11
Mar
12
Feb
San
L)
(P
Ltd
Gold Mines.
Industries
Little Long Lac Gold Mines
class
Groceterias
Lohlaw
Class
Ltd
Gold
4c
Mar
Sand
Jan
20c
Jan
6%
7%
Jan
Jan
River
Shawinigan Water & Power—
2%c
5%c Mar
Sigma
5%
Feb
6
Mar
Silverwoods
40
4%
Jan
5%
Feb
Mar
1.29
Jan
Mines
8.80
2,600
4'Ac
Jan
9c
Feb
Class
4,616
41 c
Jan
75c
Feb
1,200
3.30
Mar
Gold
Manitoba
Maple
Maple
Lake
Red
Madsen
Malartic
Slater
3.70 Mar
Jan
&
Leaf
Milling
Standard
25
11
Feb
13
Apr
Standard
2
161
Jan
2.252
13
Mar
10 ]%
750
14%
12% Mar
Jan
575
6l%
54 '%c
Apr
35c
Jan
Jan
6c
Mar
10
23
Feb
30
20
28
Feb
7c
7c
1,000
25
55
99
Jan
103
Feb
20
98'%
Apr
103
Mar
1,760
28'% Mar
31
20% Mar
23
Jan
Feb
25
Apr
22%
427
Mines
Maralgo
32c
5c
3c
5c
5,100
3%C
1,000
Sud
Sullivan
Massey-iiarris
Preferred
Frontenac
l%c
7%c Jan
Jan
4c
Jan
Jan
15%
10
Apr
30c
1,630
50c
90c
1,000
10%c
1.17
Jan
Jan
1.77
13C
1.94
Apr
5'Ac
McKenzie
10
Union Gas
Jan
United
Feb
United Steel
150
class
McLellan
Gold
McMarmac
McVittie
Red
Lake
16
Jan
13 %C
Mar
Apr
13%
Jan
14%
Feb
2c
350
3,000
Jan
6
%C
Jan
Jan
21%
Feb
25%
22'A
Jan
24%
90c
3.95
Jan
Jan
3.35
Jan
2c
l%c
2%c
18,500
12
6%
2.55
Feb
1.60
Gold
Mines
57c
Aor
20%
Jan
4c
1,000
1.08
1.12
4.900
65c
21
85
4'A
750
2%
12
75
10 %
Jan
8%
870
Mines,
&
•
1
Mid-Continental
1
Jan
Oil
&
Gas
Mining Corp
Model
Oils
Modern
For
Container
footnotes
;
3c
Preferred
Western
see
page
1587.
Jan
1,000
17c
4.500
4%c
1.67
1.84
32,216
2.15
2.15
2.22
1,440
15%
Feb
15
Ltd
1,500
47Ac
Apr
8c
234
7%
Feb
9'A
670
19%
Jan
21'A
8%
Feb
106
61
1.35 Mar
2Qc
6,150
15c
Mar
24C
Jan
71/2
8
Mar
Foothills
53c
Mar
Par
'•
500
5
Consolidated
Disher
Construction
Steel
1.80 Mar
Feb
Apr
37.600
4.85
4.90
3.700
59
59%
125
21
21'A *
90
7,250
25C
4%
49
87'A
250
50
93
16%
690
43,500
7
416
68
69%
16%
Jan
12
Feb
3%
415
16
Feb
5
Apr
2.55
Jan
7.20
Apr
19c
Jan
4.95
Apr
Mar
10c
Apr
Jan
4.50
Jan
Feb
57%
20% Mar
Mar
24c
Apr
Mar
63
21% Mar
26c
Jan
Apr
6% Mar
Jan
94% Mar
79%
Jan
93
15
Jan
16%
Feb
Jan
17c
Jan
4%
75
4c
6% Mar
60%
Jan
3.10
3.20
2,434
2.95 Jan
4%C
2.000
3%c Mar
Apr
7%
Jan
69%
Apr
3.50
Jan
4%c Jan
Exchange-Curb Section
2.15
24c
100
Jan
Mar
Apr
gale*
Week's
for Week
Range
of Prices
Low
8%
Shares
75
9
•
Bridge Co_—
Oil
&
Gas
*
^
Pend
Oreille
Mines
Temiskaming
Walkerville
1.000
1.85
6'A
1,175
5%
79
79
75
15
27.
1.20
&
Mining
J
2%. Mar
6%
Jan
Feb
Jan
29
700
1.25
8,000
25c
1.40
1.50
1,900
1
*
10c
10c
1,000
3%
3%
635
.
1.17 Mar
15c
1.35
8c
1.85
Jan
Mar
12'A
24%
/21C
Jan
81
10
._i
Metals-
Jan
Jan
Apr
5
15
27
78
Apr
Jan
10
18
1
Brewery
8%
2%
-6
-
1
High
Low
-
Dominion
Range since January
High
1.95
*
pfd
"
21c
740
6.00
*
Jan
100
50
4%
4,247
——
Osisko Lake Mines
1,850
13%
21,525
Sale Price
5%c
Jan
8% Mar
Jan
4%c
:*
1
*
Sand & Gravel pfd—100
19c
6
8%
7.20
v
Jan
6%
2.55
84
Apr
52c
8% Mar
7.00
—100
Apr
19%c Jan
328
-
2.41
Corp
Paper
Mar
19 %c
4
Apr
305
-
1.96
3.10
Consolidated
16c
100
7%
Canada Vinegars common—
Jan
22c
8%
4'A
Mines
Canadian Marconi Co
7c
1.95
1,800
Mar
7
Jan
4,500
22c
43c
40c
13'AC 15 %c
Jan
15c
100
Mar
93
Jan
45c49'Ac
1.88
15c
;
••'
Apr
__
5,000
Last
55c
60
99
19c
Friday
Mar
39,500
Jan
Jan
Canadian Fnnds
40c
45c
85
18c
corn—-
Toronto Stock
,21,970
71%
53
50
Ymir Yankee Girl Gold Mines
7,800
42c
Apr
99
100
4%c
43c
Mar
205
13%
3.85
52%
110
5
53
-
i
112
112
•
1.56
3%c Jan
Jan
Jan
8%
16%
Mar
55% Mar
16
Feb
3.25
42 %c
common
Feb
Mar
2,725
Jan
15
3,966
*
Apr
7%
2.47
98%
Jan
102
Apr
Jan
2.00
112
Jan
150
1.84
52%
50
100
1
Jan
7 % Mar
Jan
1.60 Jan
80
3.45
com
1
—
Jan
7'%
16
3.30
3.30
20c
Mar
16c
5'Ac
Grocers common
Jan
13
1,145
__
2.29
Feb
215
106
„
Jan
Jan
14
1.41
1
2.04
Jan
7
57%
100
preferred
25,650
Feb
3.75
15
105
_
2.27
24c
Wrleht-Harereaves
Feb
1.35
*
Mar
Winnipeg Electric common
Jan
♦
u.
Feb
71
72
16c
4.85
Mills
Feb
6
*
Mercury Mills
65
Jan
61
5%C
Wendigo Gold Mines
Flour
Apr
Jan
68%
21
Canada
8"%
Jan
40
106
2.41
Ltd
Worts
Apr
71
1
-
Apr
4'A
12% Mar
2.16
2.19
-100
Co
1.20 Mar
64
63
—
Mar
21
Feb
5'A
Mar
5
Jan
/
Jan
23
"
19
Jan
77c
Jan
1.10
Apr
Mar
66c
3% c Jan
50
Jan
Mar
110
Jan
60c
Preferred
Western
105%
21%
^
Apr
10
56%
19c
18%
■/:■•
Westons
2.04
-
1'AcMar
57
*
Jan
3%
Wiltsey-Coghlan Mines
65
105
13c
13
4c
v
Apr
300
1.35
—
50
9%
Apr
57c
1
Jan
12
6'% >
35
1
18%
1.27 Jan
1.05 Mar
11,100
2.18
1
Gold
Mines
38
lie 11'AC
Waite-Amulet
315
4%c
Jan
8%
8,000
46c
Bi
Walker-Gooderham
2.20
_
25
Oils
Jan
9,400
_l
Mines
Graham
McWatters
Mines
20
21%
Mines
Mar
11
Apr
25
130
36
7.00
Apr
Jan
10
10
8%
18%
Uoper Canada Mines Ltd
Jan
11% Mar
36
i
6.45
6c
Feb
Jan
1
.
-
1.43
14
46,500
6c
79c
Feb
10
Co_
Corp
Vermilata
Jan
8.75
12
Apr
Apr
65c
7%;
17%
Apr
2
Mines
Lake
10'A
400
City Rapid Transit common-
Jan
7,750
100
Red
32,683
Feb
Mar
2%c
2,500
71c
Apr
Jan
8%
Transcontinental Resources
Jan
5.90
i_5
Preferred
Mclntyre Porcupine
6c
66c
14
Mar
265
Feb
preferred —1
80c
3,200
7'%
60
42c
Trusts-—
14%
335
3.40
.
Jan
6,050
1
Exploration
Towagmac
Feb
Jan
9.05
4,005
6,350
140
—
16
42c
14%
Apr
14
300
5,300
*
common
Jan
66c
STOCKS—
McColl
50c
100
Top Tailors preferred
Jan
25
20%
Mar
14
*
1
General
1.90
_20
Feb
34c
8,495
Tamblyn Ltd common
Teck-Hughes Gold Mines
Elevators
2,171
2,220
.
7c
40 %C
1
Toronto
4%c Mar
3.75
8
20%
3.95
Mar
108
Mines
Cons
Toronto
2.28
.*
common
5c
Jan
5c
49c
Sylvanite Gold Mines. Ltd
Feb
1.05
5c
8%
21 %
Jan
3.50
500
Feb
26 % Mar
Jan
Feb
———20
Mines
Apr
1.24
4%c
8
3c
1,665
6C
19%
199
8%
Gold
River
Contact
40c
7,000
24'%
-
2,500
3.70
6C
25
IOC
23c
24
—
4c
3.60
3.65
»
Jan
3.50
1
10
106
Preferred
Tip
9,900
14-
590
255
Jan
3,900
3.60
6%
25%
255
21 %
Jan
20
46C
Steep Rock Iron Mines
20% Mar
1.84
«
295
common
Sturgeon
61c
Jan
Jan
21
:
Canada
Jan
11c
142 % Mar
139
21
Radio
31% Mar
Apr
134%
Mar
138
i
Jan
Feb
15
485
7c
25
20%
21
*
;
ll%c
107,820
21
Paving common
Co of
Jan
23
Chemical
Standard
Steel
Jan
23
*
Feb
7%
Jan
2,500
Jan
Apr
1.25
Jan
„
Preferred
169% Mar
Apr
Jan
20c
«
Springer Sturgeon
Apr
12
common
75c
Jan
Jan
25
Preferred
500
8,502
4%c
South End Petroleum
13
2.20
-
30c
1.04
Jan
30c
1,000
*
—
33c
2.80 Mar
9.50
2,000
Mines
Co
30%
3.40
common
Jan
8.55 Mar
30c
1
common..
Mines
Malartic
(Ni
Mar
26% Mar
1.85
Eastern Mines—
Leaf Gardens
2.32
100
5c
*
11
26'%c Mar
3.45
1
Mines
4,725
8.80
j__100
45
1,000
1,088
1
Gold
Fields
2.58
20c
B
Sladen
Jan
Jan
Jan
8% Mar
37C
,
Gold
Apr
13c
Feb
Mar
11
Siscoe
68c
12%
Apr
38c
11 %c
7%
1.09
Jan
5c
1
Preferred
2,000
Mar
Mar
6%
20C
Simpsons Ltd class A
91c
6
165
'
Feb
64c
—
Dairies
5,7*20
1
MacLeod-Cocxshutt Gold Mines
2.52
2.52
__1
Mines
Gold
Preferred
Jan
1.00
__
i
8%
Jan
Jan
2.47
89c
1,950
1.00
8
1.15
2.26
1.84
50
6%
95c
1
1
*
Preferred
Ltd
Mines.
Feb
1
Senator Rouyn, Ltd
3.65
*
B
Macassa
Feb
1.64
6'A,
_1
Mining
Jan
1,320
10%c
__
1.73
Feb
100
17c
1.253
25
Jan
1.24
10
common
2]%c
79,980
•
1.26
13,200
95c
100
*
Antonio Gold Mines Ltd
13,000
6.40
15
13c
•
A
5,860
1.55
Apr
Jan
2.10 Mar
30
T
Sherritt-Gordon
1.94
1.05
1.60
;
Shawkey Gold Mining
1.43
16'%
1.05
1.53
1.53
1
9%c Mar
5.90
15
10%c
1
300
*•
•
Co common—
5%c Mar
8%c
14%
83c
2,775
2.20
Jan
30c
Anthony Gold Mines
46
20
3'Ac
1.12
2,250
2.20
2.15
Feb
43c
Jan
1
—
Preferred
Feb
1.77
14
3'Ac
93c
2.05
Apr
36
1.17
16 %
1
28c
7%c Jan
3%c Jan
1
Mines
Long Lac
Russell
25
1.27
3
;
Candy
Mines
9,300
Jan
10c
Jan
7c
1,000
30c
of Canada
Royalite Oil Co
Jan
24
Jan
5%
Mar
24
Jan
100
16'%
*
*
1
38c
'
1.45
1.15 Mar
1.01
Royal Bank
1
Ltd
Mines,
Gold Mines
Lamaque
<-■
34c
2.05
1
Mills
Silk
Robertson
_1
Ltd.
Lake Dufault Mines
Lake
1.80
Mining & Exploration......1
58,500
34c
Ventures, Ltd.
Labrador
7c
1
Mines
Riverside
Mar
6c
Quemont Mining Co
15c
1.06 Mar
99
7'Ac
*
Reeves-Macdonald
Jan
835
Feb
3.200
7 %C
* '
i
Mines
Dome
Jan
Jan
2,020
Jan
95
60
1.29
1
Amer
Apr
Jan
620
68c
96
1.20
1
Mar
5c
8,700
8,900
95
Queenston Gold Mines
56%
9,200
88c
4%c Mar
1.20
Quebec Gold Mining
l'Ac Jan
7'Ac Mar
17,000
Jan
9-_
1
Proprietary Mines
52'% Mar
90
§c
1
Mines
Corp. of Canada
Gold Mining Co.
180
Jan
4,500
1.44
Pressed
2,000
45,000
Jan
3%C
trust
Gold
70c
53c
1,700
7,500
85c
Apr
Mar
50c
52C
31c
Apr
1.99 Mar
1.95
Jan
Apr
25 %c Mar
50c
30c
1
Gold
Rouyn
Voting
1.37
Feb
2'A
Jan
1.20
3%c
•
Premier
16,700
Mar
46c
52c
•
_*
Mines of B C
Pioneer Gold
Jan
96,900
Jan
69c
22,902
Mines
4
25,800
Jan
87c
1.87
Mines
Gold
Gold
25
Feb
14c
Mar
1.72
Perron
Jan
8%
4%c Jan
68c
30c
Jan
Jan
Jan
6,000
1.72
1
3%
Feb
Apr
11 %c
8,000
1
Gold
Jan
75c
72c
1
Refining
Cadillac
23'%
60
4'%c
725
Hersey Tubes
Pamour Porcupine Mines Ltd.-
50
225
605
56
12 %c 13 %c
*
990
25,693
Jan
75Ac
,
2.80
Jan
7%c
*
Pickle-Crow
Jan
1.89
48%
1,000
Partanen. Malartic Gold Mines—
7%c Mar
86 %c
59 %c Jan
200
52c
Jan
88
4%c Jan
Jan
4,526
2%
Paymaster Cons Mines Ltd
5%
Feb
Feb
75
10
1,700
15%
56
51c
Feb
32
Jan
3%
182
3.90
Apr
3.05
20,800
Jan
2.15
1.85
•Page
Feb
20
53
*
Mines
Pacific Oil &
310
—*
Pacalta Oils
Jan
27
Mines—
Feb
9c
Apr
13%
14%
75c 78 %C
Omega Gold Mines
Feb
6
Canada
Mar
12
Jan
Mar
2.15
53%
•
Ltd
9%
8c
18
10
18
18
1
—
Corp
53%
ft
Jan
2.00
8% Mar
19%
690
15'%
9.50
32c
1.02
13c
11
Oils
Twin
Kelvinator of Canada
*
25c
—*
Mining
Gold
O'Brien
Okalta
1,937
29
21
25
2.00 Mar
Apr
18
Jan
11
-
98'%
Feb
Nortn Star Oil common
10
103
Jan
1.65
_1
Apr
Feb
46%
—
Norgold Mines
22'A
19
500
•
Normetal
3'%
300
635
Noranda Mines
Feb
Feb
Jan
36c
3,355
2.00
i.
.National Steel Car
Negus Mines
Nipissing Mines
Feb
Mar
47c
2.00
A
Mar
60
98'%
1
Pipe
10
104
41c
20'A
53%
53%
Corp
Petroleum
Sewer
11
-25-.
28'%
20%
24
1
.
Mines
Jan
National
National
Jan
12,100
—
8c
32c
5c
3c
8%
40c
83%
53% Mar
Ltd common
Grocers Co
National
High
Jan
74%
30
19%
40C
Corp common
Cafeteria common..
Jan
6,000
.
77%
Muirheads
Feb
150
28'%
20%
25
8%c
23% Mar
Apr
77%
it Power4
Heat
7%
10,800
100
1
-
Gold
7%
57c
102
1
Co
...
Consol
M.
common
Utilities
International
*
Jan
Mar
Mocre
Light
7%
5
•
•
*
;
International
—
Mar
42
163
Jan
Montreal
9'%
25
166
166
13% 13%
11% 11%
7]A
7%
56c
58c
19
19
166
13%
Imperial Bank of Canada
—100
Imperial Oil
*
Imperial Tobacco of Canada ordinary_5
Inglis (John) Co
6
Inspiration Min & Devel
—1
International Metals common A
*
Preferred
100
Jan
29%
25% Mar
-100
—
LOW
High
1
100
29 29'A
13
13
13
13
29
•
*
Smelting
Bay Mining &
Limited
Hunts
95c
6'Ac
56c
65c
12c
11'%
3.40
1
Hasaga Mines —
Hedley Mascot Gold Mines
Highwocd-Sarcee Oils
Hudson
—
Jan
4c
33'% Mar
21%
Jan
18c
2'Ac Mar
155
Apr
5%
Mar
12c
Low
Porcupine
Moneta
700
6%c
8c
4%c 6%c
5l%
6
5
5
95c 99c
6'Ac 6'Ac
56c 59c
65c 66c
ll%c 12c
11'A 11%
3.40 3.50
26 %c 27c
4%c
—*
Gold Mines-
Feb
preferred
Knitting
Monarch
1,285
17J%cl9V2C
6% 6%
—1
—1
Mines
Swayze
Halliwell
Hamilton
J-l A HA
4c
4c
90c
Feb
5
590
46
4c
17%c
65c
10
7%
—1
Gold Mines—
Gunnar Gold Mines Ltd
Gypsum Lime & Alabastine
Grull Wihksne
Halcrow
—
—
36% Mar
85
7%
50
V
_*
Mar
40
22
224% 4/4
21 % 21 %
—
30
2,755
77
*
common..
23% Mar
2,000
24c
*
*
——
Preferred
Great
Apr
3,140
52% 53 %
4% 4%
53
Goodyear Tire & Rubber preferred—50
Great Lakes Paper com vtc—
*
Preferred vtc
5%
87 %
88
12 % 12 %
2.85 3.20
9%c 12c
4%c 4%c
17c 18'Ac
A?c2l/?c
5VzC 5V2C
9c 10Ac
3c
3c
—
21
100
8%
8%
8%
General Steel Wares
Golden
—
100
5% preferred
Gold Eagle
44c
common—
Power
Gatineau
24
Jan
Jan
225
«c 6%c
3/f 3 '\
23%
24
15 A 15 A
43c 46c
—
--
*
class A
of Canada
Foundation
77
—
*
Aircraft—
Ford Co
—
..100
-
134%
128
50
3.45 3.60
31 31 u
4
4
345
31 A
—•
Mines
Fanny Farmer Candy Shops
Federal Grain class A common
-
--
A
6%
42% Mar
Jan
85
% c 9%c
L68 1.80
a™
8/«
A
A?
6/4 6/4
1-68
...
Falconbridge Nickel
2.1c
--
—
Equitable Life Insurance
Preferred
22c 0
1
Mining Co
Duquesne
East
-
38'%
Range since January 1
Shares
Par
High
158
160 162
21 A 22A
7 % 7%
"
9% 9%
104 104
4% 4%
17 17%
7%
10^
Stores
440
12 '%c
30
3C
39 * 39 ?
26 A 27 %
—
Dome Mines
Dominion
High
40% 41%
134 134/2
A
36
36
90c 90c
40%
134
-5
100
Smelting
Consolidated Mining &
r
Low
for Week
of Prices
Sale Price
STOCKS—
Range Since January 1
Shares
Sales
Range
Last
for Week
of Prices
Sale Price
STOCKS
Week's
Friday
Sales
Week's
Last
APRIL 14
Jan
Feb
Jan
Jan
1.45
49c
1.72
lie
3%
Feb
Jan
Feb
Feb
Apr
Volume
Number 4273
159
THE COMMERCIAL & FINANCIAL
CHRONICLE
1537
OVER-THE-COUNTER MARKETS
Quotations for Friday April 14
Investing Companies
Far
Aeronautical Securities
Affiliated Fund Inc
AAmerex
American Business Shares
pM
6.99
25%
Investors Fund C
3.75
X3.43
10
Series
3.43
3.76
Series
B-2~"
X28.33
Series
B-3ZZZZZZZZZZZZ"ZZ
X19.90
6
6%
Scries
B-4
14.71
Series
K-l""
Series
K-2
2
1
preferred
Inv
of
Tr
4%
4%
10
Fund Inc
5
Fund Ltd
16.84
29.70
—1
14.80
Ltd—-—1
Fund
x3.05
•
27.53
—1
9.35
1
Mass
Investors
1
10.26
11.03
Aetna Casual &
10
xlO.49
11.46
Aetna
>5.07
D
<fe
-
3.60
_i
;
New York
19.x6
Building
68%
72
x20%
22%
Maryland
7.55
American
Casualty
10%
12%
Casualty
Massachusetts Bonding
16%
18'%
Merchant Fire Assur
3.26
American
7.70
American of
5.08
American
Re-Insurance
American
Reserve
10
American
Surety
25
6.70
7.38
7.03
-7.77
13.21
q a±
xl8.30
92a
Z
1.76
5.34
General Investors Trust
5.42
Amer
Trust
1953
shares
;
Series
_
_
ZZZZ
Putnam
(Geo)
o
Fund
81 %
86%
Casually
New
York
17%
19%
North
43%
45%
Northern
29%
32
Pacific
Fire
1
1359
14.61
6.47
7.12
6.15
Quarterly Inc Shares
lOo
6 50
7.09
shares
5.75
6.33
Republic Invest Fund
1
3^5
3.58
Building shares
Chemical shares
6 85
7.53
5.48
6.03
Scudder, Stevens & Clark
Fund, Inc
•
X89 71
9.33
Selected
2%
x943
61%
Pacific
Indemnity Co
49
Phoenix-
5.19
Selected Income Shares
1
7.59
Sovereign Investors
1
599
25
103%
108%
—10
48%
50%
10
79%
83%
5
10
57%
10
45%
149
14 Va
Fire Assn of Phila
10
60
64
15%
;_10
x32%
2
4%
26%
35Va
6%
Providence-Washington
Fireman's Fd of San Fran
10
83
87
Reinsurance Corp (NY)
Republic
(Texas)
Preferred Accident—
12%
13%
5
24'/a
26%
46 %
49 Va
St Paul Fire & Marine
Revere
(Paul!
.10
17%
19%
43%
Security New Haven
8%
9%
com.
17%
19%
Standard Accident-,,
71%
75%
Travelers
28%
IT S
27%
U S Fire
Fire
Rutgers Fire Ins.
preferred
American
5
Hanover
10
~6.62
x27
25%
22%
62 Va
Seaboard Surety,^
x41%
5
& Republic
&
10
Fire
6
Falls
Great
.
28%
24%
296
286
10
94
45%
,10
34%
Springfield Fire & Marine—25
117%
48%
36%
123
10
60
63
_100
464
479
Fidelity & Guaranty Co—2
35%
4
37%
49%
47
402
6.90
4%
x89%
—
20 xl43
5
5%
—5
Federal
Newark
21%
2.50
-12.50
10.28
4.71
48%
13%
23%
91.53
8.49
30%
11%
River
Fidelity & Deposit of Md
2nd
55c
28%
45%
Northeastern
40%
of
7%
27%
10
38%
Fire
25%
10
5
Franklin
57%'
188
—5
Fire—
10
Firemen's
178
—2
New Hampshire Fire
21%
6%
2
New Brunswick
565
x20%
Amsterdam
6%
5%
25%
54%'
20
New
9%
72%
49%
5%
4%
10
National Liberty
National Union Fire
8%
89
22%
__4
__—
10
Casualty
Employees Group
Employers Reinsurance
2 26
5.59
shares
Agricultural
shares
Automobile
Aviation
Electrical Equipment
Food shares
Administered
Fully
bond
General
shares—
shares
Hartford
Amer Shares
g.06
8.86
Spencer Trask
•
X13 83
6.33
6.96
State St Investment Corp new—
X40.17
5.77
6.35
Super Corp of Amer AA
Trustee Stand Invest Shs—
,—10
Price Shares
Low
5.33
5.87
Merchandise shares
6.09
6.70
Mining shares
4.79
5.28
5.84
6.43
shares
Petroleum
shares
Railroad
RR
—
3.65
Equipment shares
3.87
ASerles
4.03
1
6.36
4.45
Trusteed Industry Shares
4.03
4.44
Union
4.44
Fund
25c
series
24.67
25.44
Foundation
1
Holding Corp——
Income
Fund
2lc
Aviation
Bank
Securities
8.78
Stock
Fund
B
6.14
2.46
9.99
10.95
6.71
17.80
Lt & Pwr Shares A
19.46
B
85c
Wellington Fund
1
,
1.14
ABlalr
&
25.41
AFlrst
Boston
Bid
Co
Bankers Trust
10
Brooklyn Trust
100
Central Hanover Bank & Trust 20
Chase National Bank-13.55
Chemical Bank & Trust
10
,
16.15
51%
94
99
96%
,
100%
37%
2%
Co
Puget Sound Pow
4%s
Northern
Indiana
Public
Continental
Bank
&
1973
1974
National Bank
51%
Bid
Conv
185
100
308%
14%
-25
20
36%
& Co Inc
—100
15,
%%
1944
15.
X2.17
25
93 %
48
50%
78
Public Nat'l Bank & Trust—17%
Title Guarantee & Trust
12
x37%
74
City Bank
12 %
York Trust
United States Trust
34%
6%
1001,485
Reorganization Rails
1947-
4%s series B
——1988
Conv
1994
income
4%s
2019
if issued)
>
.
91%
93%
Canton
&
97%
40
66%
103%
68%
1st 3-4s income—
Minn St
1st
Gen
income
mtge
Western
Inc
Paul
,„lfl
2018
—1993
& Saulte Ste
1971
„«/
63%
84
86
1,530
Home Loan
Federal
0.85s June
4s
1991
96%
62%
98%
64%
Pacific—
mtge
4%s
100.22
%
33
35
5%
j
80%
Common
_♦
—100
Denver & Rio Grande
15,
17%
44%
103%
105%
**reierrea
Preferred
Ask
100.11
0.54%
0.64%
0.67%
0.71%
0.75%
0.77%
0.78%
3s
3s
b0.90
Bid
0.75%
Ss
Ask
Bonds—
103%
Jan.
1, 1956-1946
May 1, 1956-1946
Other
103%
104%
105 &
1955-1945
104%
105%
lssuet
1002!
—
1955-1945
10012
1946
104%
104%
100%
10021
U S Conversion 3s—
1947
106%
106%
1021!
1964-1944
103
Panama Canal 3s
1961
132
133%
U 8
Conversion
3s
,4
April
20,
April
27,
4.
May
May 18,
45 %
—
Ask
1944—
b0.37,
0.33%
1944—
r,
b0.37
0.33%
b0.37
0.34%
b0.37
0.28%
June
b0.37
0.30%
June 15,
b0.37
1944
1944
0.32%
June
22,
1944-
b0.37
0.34%
0.32%
June
29,
1944.
b0.375
0.35%
0.35%
0.35%
b0.37
1944
8,
1944-
b0.37
0.32%
Julv 6.
1944—
b0.37
1944
b0.375
0.32%
July 13, 1944—
b0.375
44%
sales,
b Yield price,
c Stockholders of McQuay-Norris Mfg. Co.
amendment charging the 150,000 no par shares of authorized
of $10 par common stock,
d Deferred delivery,
f Flat price,
Removed to Stock Exchange,
r Canadian market,
s Cash sale—not included in range for year,
Ex-dividend,
y Ex-rights,
tin default.
IThese bonds are subject to all Federal taxes.
AQuota•No
1%
2
on
k
par
March
common
31%
—
Bid
June
1944
11,
fc/r discount at purchase
Ask
Treasury bills-
18%
12%
/-—
common—
are
21
4tV.
Pre® v } cr
Optional v t c
100.9
Bank—
1944—
1946-1944
May
20
com
Preferred
Pacific
—
b0.57
b0.66
b0.69
b0.73
b0.77
b0.79
b0.80
Ask
Federal Land Bank
100.7
Rates quoted
82%
preferred
99.29
99.28
Bid
100.10
t%s Mar. 1, 1945
1
Ask
j
Western
2014
105
United States Treasury Bills
Bid
Common
5%
t%s
t%s
t%S
t%S
t%s
Federal Land Bank Bonds—
Minn st Paul & Sault ste M—
M—'
4%s
61%
A1I/
105
Indebtedness—
100.27
100.13
May 25, 1944
DeZeL? S°cGrandeIncome 4%s
103%
104
1%%
1948——
100.21
100.18
Bid
Chicago Rock Island & Pacific¬
101%
103%
Obligations Of Governmental Agencies
6%
Youngstown—
preferred
15,
Certificates of
100.26
100.1
Bid
90
103%
104%
1973
——1958
1 V2%
100
100.16
Commodity Credit Corp—
tl%%
Feb 15,1945
I
V
Stocks—
Akron
Chicago Rock Island & Pacific—
ist 4s
and
tSept.
-
100.12
*100.12
2.27
36%
j
'
88
Corp. 4%s
103
^1968
3%s
.__!%%
.
3'As
Akron Canton & Youngstown—
4s series A
1988.
Util
Texas
3%s
100.3
1946..,.
4s
Ask
Lt
107%
112
108%
Power 3%s__ 1968
&
100.2
15.
15,
100.1
100.10
V/4%
3/4%
4s
Bid
Colo
Power
Aug. 1, 1944
Sept. 1, 1944
Oct. 1, 1944
Dec. 1, 1944—
Feb. 1, 1945
10.90s Mar. 1, 1945
%%
.
tDec
%
%%
.
1946—
JSept.
1
1945—
53
New
as
.
15,
50%
51
20%
(When,
1972
3%s
Utah
'
Quotations For U. S. Treasury Notes
39%
48
•
18%
Bonds—
107
110%
Gas—
100 1.500
National
1,620
&
15%
49%
>
100%
1972
Elec
316%
10
preferred
(J P)
Ask
175
47
100 1,580
<J03
Carolina
Southern
100%
105%
108
& Lt—
Figures after decimal point represent one or more 32ds of a point
Int. Rate
Bid
Ask
Maturity—
Int. Rate
tMar 15.
Manufactures Trust Co corn—20
Morgan
Corn Exchange Bank & Trust_20
Empire Trust :
50
First
102%
107%
Diego Gas & El 3%S—1970
South
(Minn)—
2%s
1945
tDec. 15, 1945
10
Trust
104
Service
3%s
Northern States Power
103%
104%
1973
San
26%
20
—
series A
2%
25%
,—100
Irving Trust
Kings County Trust
Lawyers Trust
Commercial National Bank &
Trust
Trust
Guaranty Trust
39%
49
1973
(New Hampshire)
109%
&
Ask
100%
(Indiana)—
Service
3 %s
17.75
10
Par
Fulton
4.03
49%
107
Service
3%s series E
Public
York
,1
Corp
Ask
23%
3.91
106%
Public
West
City Banks & Trust Cos.
22%
105%
101
106%
•
104%
1979
Mar 15,
10
105%
Bid
108%
tMar
Par
105%
100%
1974
1944—
tSept. 15, 1944_.
100
100%
104%
Sep
of the Manhattan Co
Panhandle Eastern Pipe Line—
2%s debs_.
1953
104
Light 3%s—1973
Power
Jun
Bank of New York
33%
Ask
103
1973
3%S
Maturity—
Bank
76%
31%
Investment Banking
Corporations
94c
23.38
New York
71%
29%
1 75
X1.04
America—10
Lt 3%s
&
4%s
Iowa
16.30
Ltd—
Group shares
of
22.40
U S El
22.33
2.18
Group shares
Co
20.49
V. 8.02
Union
1.53
20.77
Insurance Group shares
Investment
B
C
Union Preferred Stock Fund
1.40
Incorporated Investors
—5
Independence Trust Shares
•
Institutional
33c
Inc
—-10c
Common
Series
28%
10
2.50
Westchester Fire
45'A
Michigan Consol Gas 3%s__1969
81c
x72c
A
1973
v
Pow
Power
Florida Power & Light 3%s_1974<
Series
AHuron
4.89
Bond
Light 3s
1963
Valley Gas & El—
3s
'Florida
5.71
1
4.04
shares—,,,
Gas
Central
ASeries A
Tobacco
shares—
2 13
ASeries B-
„
42%
Bid
Atlanta
Blackstone
Oil Shares-
Steel shares—,—*
Utility
2 25
1
Stand
x2.32
1
D
Trustee
4.27
■
1
C
ASeries
Fund
U S Guarantee
100%
96
Recent Bond Issues
43.17
Investing
Fire
Hartford Steamboiler Inspect.,10
Home
5
14.74
Industrial Machinery shares—
.
_25
-
.
(Detroit)—10
National Fire
7%
5
Globe
50'c
10c
6%
100 x540
Globe
co
x2 59
ZZZZZl
Plymouth Fund Inc
Group Securities—
—2%
Fire
Glens
vo ns
1
—
1958_
6.29
......
•
-
_
1
Series 1056
5.71
7.39
283^
1955
13%
58%
38%
■**
Y
Ins
General Reinsurance Corp
0
Gibraltar Fire & Marine—10
6 71
ctfs
12%
55%
35%
:
N
Casualty
Connecticut General Life
10.66
6.02
Z
gon^ ^rust
Series
34.73
5.30
6.60
Fire
National
Continental
8.66
}
Series
——
x32.30
q?n
North Amer
North
—•
1
Corp
!
Railroad equipment
4.25
4 33
10.73
III
steel
__
4.68
———————————,
8.48
Railroad~ZZZZZZZZZ~ZZ
5.95
9.60
?«$
Metals
1.93
3.65
I™
8.88
Mfrs Fire
Monarch
54%
Ask
15%
85%
41%
8%
46%
1
12%
5
City of New York
7.67
q'a4
&
16
51%
10
—
Camden
10.20
6 97
Machinery
qhs
Boston
9.56
Merch
14%
10
Bankers & Shippers
6.75
12
10%
5
2»/a
Automobile
10.82
613
1346
31.40
37
19.71
Newark
Baltimore American
Chpmfrai
29.20
x36%
Fidelity & Casualty_5
5
X7.01
ZZZZZZZZZZZZZZZZZ
20
Knickerbocker
10
12.26
1
I
Jersey Insurance of N Y
25
Equitable
13 %
82%
38%
7%
10
Alliance
i
supply
35%
Fire
Insur Co of North America—10 ;
Agricultural
4.59
.
x
BaInkUOsnt0ZkZZZZZZZZZZZZ'ZZZ"
1.33
33%
10
Homestead
American
American
Agriculture
"e.io
52%
1.36
,
;
Stocks Inc-
Life—
135 %
49%
Bid
Par
A*k
127%
6.98
--
.
Fund——
Bid
10
1.23
:
25c
priced stock common—x2.88
New England
--
i?oacreFdunFd-Zzzzzzzzr-Zzz; "SB
General Capital
• .v
Surety—
10
Aetna
shares.,;
Low priced bond series—
Preferred stock series
Howard—
Equitable Invest Corp (Mass) .8
Equity Corp $3 conv pfd
1
Fidelity Fund Inc
•
Financial Industrial Fund, Inc_
First Mutual Trust Fund
-5
Fixed Trust Shares A
10
Foundation Trust Shares A—1
Fundamental Invest In*—-—2
Fundamental Trust Shares A__2
B
B
series—
Income series——
__
555
1.21
25c
Shares-
Low
Par
Par
Securities-
series
Automobile
ZZZZZ"—ZZZ__ZZZZ"3Z50 :,v,
Inc__
Bond
30 **
17.82
Fund
voting shares
—
:
Fund—
National Investors Corp
National Security Series—i
__
x4.65
Eaton
(Colo)
(Md)
28
28%*
Invest
Nation-Wide
.
•
2.66
•
Dividend
Mutual
39%
-
Fund—.
—1
Diversified Trustee Shares-
Cumulative Trust Shares
Insurance Companies
4.82
22.44
113
Delaware
9.76
4.42
■
—-10.0
preferred-
A7%
ZZZZZ'll/c
20.87
2d
1-953
NY
39.10
8.89
1
2.66
,—10>
shares
B
ACommon
IncZ
Bell Teletype
6.40
Investors Trust—
118%
Forster Insurance—
Crum &
Maryland Fund
Exchange Place, New York 5, N. Y.
DIgby 4-4950
92.10
38.22
Tel:
Mass
26
—-—-100
5^84
,
2.19
>
.
preferred
A8%
10.12
4.65
90.26
Manhattan Bond Fund Inc—
Common
10c
2.37
—1
1
Series ACC mod
1
ACrurn & Forster common—10
mod
AA
3.65
40
*
10.24
4
Fund""
Fund—ZZZlO
29.60
5.19
Accumulative-series
13.79
x9.29
146
37%
Corporate Trust Shares
1
Series AA_
—-——1
25.66
S-4
Loomls Sayles Mut
Loomls Sayles Sec
16.22
.
4.66
Consol Investment Trust——1
23.34
Z"Z~
2,465
Securities com—1002,365
Preferred
100
141
Christiana
Commonwealth Invest
21.43
"V.
~ •~r~'""
Knickerbocker" Fund
Z
18.11
X27.47
18.55
19.47
S-2
Members New York Stock Exchange
Members New York Curb Exchange
11.01
16.91
•
S-3
Series
105.73
5
Century Shares Trust
Chemical Fund—
Series
10 02
,12.55
ZZZZZZZZ
Series
__
101.50
~
""""
r
ZZ
Series S-l
5%
3.73
America
Broad Street Invest Co Inc
Inv
3%
—5
Industry Shares
Bond
Canadian
Co.
&
21.84
X13.68
Shaskan
31.11
15.28
Basic
Series
12.72
29.39
X14.09
Common—--
Bullock
12.45
28 Q4
l
runa8~
B-l
1
Stand Oil Shares
Boston
Ask
Keystone Custodian Funds—
26%
Bankers Nat Investing—
A6%
Bid
Foreign InveSting-lOc
Axe-Houghton Fund Inc—„—I
A
For Quotations on Real Estate Bonds
A8k
6.43
-
——-1%
Holding Corp
American
Assoc
Bid
1
32%
x
67%
68%
tions
not
value,
28,
stock
1944,
to
a
Odd
lot
approved an
shares
450,000
furnished
by sponsor cr issuer.
COMMERCIAL & FINANCIAL
THE
Monday, April 17, 1944
CHRONICLE
1588
Capital Flotations In The United States During The Month Of
And For The Three Months Of The Calendar Year 1944
The
900,457 reported for a like
average for the first three
1944,
two
corporate issues for the month of March,
falling off from the figures reported for the
New
show a
but compare favorably
The March 1944
total adds up to $148,990,455, compared with $158,761,995 for February/and $160,456,350 for January of this
year and $95,390,457 for March, 1943.
The aggregate for
March, however, exceeds the monthly emissions for each
month of 1943 and 1942 with the exception of November,
1943 and January, 1942.
Of the month s total, $45,455,preceding months of this year,
reported for March,
1943.
with those
4%% cumulative
Consolidated Gas Co., $26,2Vz% equipment trust cer¬
tificates; $18,000,000 1st mortgage 2%% bonds and $9,000 000 434% preferred stock of Oklahoma Natural Gas
Co.'and 60,000 shares ($6,120,000) $4 preferred stock of
3J/2s and $4,000,000
1st mortgage
Lighting & Power Co.
the month's total, $75,120,000
Houston
Of
fell under the heading
public utilities, $35,460,000 under railroads, $17,560,000
under miscellaneous, $16,900,455 under other industrial
and
manufacturing and $3,950,000 under all other
of
'
total corporate financing
aggregated $468,208,800, the largest for any quarter since
the last three months of 1941, and compares with $118,-
categories.
quarter of 1944
For the first
SUMMARY
OF
FIGURES BY
CORPORATE
37,773.350
62.615,780
.FebruaryMarch
96,146,215
103,534,713
148.990,455
May
—
895,000
Feb
17
91
day Treas.
1.001,415,000
10,807,000
91
day Treas.
bills
1,012,222,000
1,007,481,000
1,007,481,000
2,126,8.96,000
2,126,896,000
Depositary
Bonds-
18,349,500
Tax Antic'n Notes,
1,017,081,700
1
Treasury
Feb
1
1
Treasury Bonds—
Certifs. of indeb.™
Feb
1
U.
(Revised
1942
AND
1943
*
2,781,474,131
Total
S.
for
$
February—— 20,259,806,331
91
day Treas. bills
1,002,953,000
Mar
1,865,000
13,195,000
95,390,457
158,049,090
39,209,300
56,708,875"
79.085,120
9
91
day Treas.
Mar 16
91
day Treas. bills
1,002,953,000
1,011,344,000
1,016,034,000
Mar 23
91
day Treas.
bills
1,001,105,000
1.001,105,000
91
day Treas.
1,000,649,000
Mar 30
bills
bills
1,000,649,000
1
Treasury Bonds—
74,540,500
Feb
1
Treasury
Bonds—
74,540,500
93,048,500
Mar 15
Treasury
Notes—
3.743,211,000
Savings Bds.
3,743,211,000
709,054,084
Bond3_
238,123,600
Tax Antic'n Notes.
37,825,000
1
Mar
U.
Mar
S.
Depositary
Mar
^
93.048,500
709,054 084
238,123 600
for
37,825 000
for
three
985,002,684
18,063,029,074
9,927,887,684
March———
Total
8,942,885,000
37,164.999,074 19,101,970,000
Total
months
*INTRA-COVERNMENT
FINANCING
Net Issued
Retired
Issued
1944
$
$
January-
89,400,000
Total
97,998,000
39,964,000
169,500,000
261,000.000
75,000
260.925,000
145,799,000
111,601,000
34,198.000
406,799,000
111,676.000
295,123,000
616,263,000
for January
71,502,000
22,066,000
209,464,000
Notes
17,898,000
120,064,000
Certificates
151,640,000
464,623,000
February—
——
—
—
118,294,420
Total
for
February
Total for
two months-
75,609,375
143,238,764 351,952,885
47,829,228
118,900,457
208,714,121
74,902,000
95,686,940
73,364,291
125,811,993
97,114,003
103,841,600
18,527,000
5,806,500
115,641,003
44,743,680
76,827,430
61,685,570
138,513,000
95,812,568
1,011,344,000
1,016,034.000
Feb
March—
39,000,000
150,000
38,850,000
311,181,000
11,060,000
300,121,000
350,181,000
11,210,000
338,971,000
966,444.000
162,850,000
803,594,000
Certificates
29,999,425
14,116,719,331
6,143,087,000
2
$
85,128,964
18,900,500
72,920,126
38,447,228
Total
$
10,315,000
Savings Bds.
1942-
-
7,517,000
1,920,000,000
5,036,000,000
Mar
Notes
Refunding
Capital
New
Total
Refunding
Capital
Date)
to
1,920,000,000
3,331,000,000
5,036,000,000
2,781,474,131
18,349,500
1,017,081,700
3,331,000,000
Feb
Certificates
1944,
28,620,611
—
1,112,000
1.004,665,000
Feb
71,071,229
468,208,800
322,363,928
145,844,872
quarter
1,002,630,000
1,005,560,000
Feb
of this nature were
20,784,940
First
April
1,003,742,000
bills
bills
Bonds
2,798,000
11,330,000
56,943,229
158.761,995
45,455,742
January_.
bills
day Treas.
Feb
MONTHS
New
Total
160.456,350
day Treas.
91
Notes
$
122,683,000
91
10
Treasury
*1943-
Refunding
Capital
3
Feb
1
1944
New
Feb
publicly offered, including 704,121 shares of Chesapeake & Ohio Ry. common stock,
having an offering value of $32,917,657 and 120,500 shares
of common stock of Hart, Schaffner & Marx, valued at
$3,102,875. These issues are listed separately below.
Municipal financing for March aggregated $24,742,561
of which $12,589,421 was for new money and $12,153,140
for refunding purposes. This compares with $36,599,632 for
February of which $10,805,132 represented new money
and $25,794,500 was for refunding operations.
During
March, 1944, there was placed privately in the United
States $6,453,500 City of Montreal obligations, issued for
refunding purposes.
This amount is excluded from our
municipal totals but is given under "Canadian Govern¬
ment" in our tabulation below.
The total municipal fi¬
nancing for the first quarter of 1944 footed up to $99,979,064 as compared with $156,142,104 and $209,615,576
for the first quarters of 1943 and 1942, respectively.
Below we present a tabulation of figures since Jan¬
uary, 1942, showing the different monthly amounts of
corporate financing as revised to date. Further revisions
of the 1943 figures will undoubtedly be necessary from
time to time, particularly as additional private financing
is brought to light in annual reports and other places.
preferred stock of Michigan
000 000 Canadian Pacific Ry.
$
$
;
24
sues
total.
000
$
previously pointed out, our totals of new corporate
do not include offerings of securities which are
already outstanding, the proceeds of which revert to the
owners.
.During the past month some large-size is¬
with
Indebtedness
Refunding
Accepted
Security
Feb
,
As
made up of
was
New
Total Amount
Type of
Dated
Feb
-
issues
issues aggregating $47,310,000, representing
approximately 31.7% of the total. This compares
$82,000,000 or 51.6% of the total reported for February
and $8,500,000 in January or 5.3% of that month's
The principal issues for the month were the $38,000,six separate
1942, respectively.
and
$103,534,713, or
742, or 30.5%; was for new money and
69.5%, for refunding purposes.
Private corporate financing for March
The monthly
period in 1943.
months of 1944 was $156,069,600.
This compares with the monthly average of $90,072,344 and $86,876,689 for the total 12 months of 1943
March
Notes
Total
March-
for
109,648,100
three months..
for
Total
of special series certificates and notes; certificates
sold to Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal Old Age and Survivors Insurance Trust Account,
Civil
Service
Retirement Fund,
Foreign Service Retirement Fund,
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund, Postal
♦Comprise sales
79,404,976
months.—
Six
July
277,783,033
86,019,070
363,802,103
413,763,681
486,497,154
229,257,834
715,754,988
65,579,800
79,311,000
55,165,000
84,754,500
101,714,704
65,040,000
27,509,976
58,600,000
28,445,586
32,719,350
60,229,326
64,618,000
58,882,086
22,403,704
August
September
Third
294,863,224
263,287,476
9,875,000
quarter-
215,458,248
150,476,205
19,174,700
Second
—
;
51,453,404
.200,055,800
251,509,204
114,^55,562
69,173,850
months
463,343,276
665,272,885
601,052,716
298,431,684
899,484,400
2.434,300
43,845,700
46,280,000
6,679,000
13,530,876
14,717,010
61,828,990
76,546,000
23,830,310
119,205,566
143.035,876
86,662,467
69,861,543
14,236,772
83,128,500
127,335,693
190,894,281
97,365,272
175,942,736
239,652,510
415,595,246
__
November—
—
Decembe?
Fourth
quarter.
417,637,250 1,042,520,276
624,883,026
702,995,786 1,080,868,131
377,872,345
Twelve months.;
Fund,
Savings & Loan Insurance
Federal
20,209,876
40,673,226
121,032,738
October
Insurance
Life
Government LifeInsurance Fund, National Service
Federal Deposit Insurance Corporation, and
Corporation.
^ 'J,
System,
Savings
183,729,412
201,929,609
quarter——_
Nine
6,018,000
30,436,500
Below
tions
we
give complete details of the
during March, including every
brought out in that month.
Details Of New Capital Flotations
During March, 1944
Long-Term Bonds and Notes (Issues
Five Years)
•Revised.
RAILROADS
March made an offering of 2.%%
Treasury bonds of 1965-70, dated Feb. 1, 1944 and due
Mar. 15, 1970; 2Va% Treasury bonds of 1956-59, dated
Feb. 1, 1944, due Sept. 15, 1959 and 1%% Treasury notes
of series A 1948, dated Mar. 15, 1944, due Sept. 15, 1948
in exchange for the following list of Treasury and Gov¬
ernment corporation issues:
Amount
J/o
$
$
Jan
28
Feb
91 days
2,459,243,000
1,003,742,000
99.906
Feb
4
Feb
91 days
2,551,503,000
.1,005,560,000
99.905
*0.374
Feb
11
Feb
91 days
2,314,407,000
1,012,222,000
99.905
18
Feb
91 days
1,978,929,000
1.007,481.000
99.905
24
Feb
13 mos.
2,126,896,000
2,126,896,000
100
0.90
Feb
26 years
1,920,000,000
1,920,000,000
100
2'A
Jan Feb
Feb
15 years
3,331,000,000
3,331,000,000
100
2'A
Jan Feb
Feb
1 year
5,036,000,000
5,036,000,000 100
1%
Jan Feb
1-29 Feb
10-12 yrs
2,781,474,131
2,781,474,131
a
Dollars)
Feb
1-29 Feb
12 years
18,349,500
18.349,500
100
2
Feb
1-29 Feb
2 years
1,017,081,700
1,017,081,700
100
Mar 15, 1944
FFMC
of
bonds
515
15, 1944
1,519
Jun ;15, 1944
416
Mar 15, 1944
May 15, 1944
835
Apr 15,1944
of series B-1944
571
1,1944
779
Apr
Treasury bonds of
Total
1944-49.—
2
91 days
2,151,449,000
1,002,953,000
99.905
Issue—
1%
RFC
3
Mar
of series W.
HOLC Issue—
IIOLC bonds,
3%
May
1944-52
series A,
Total
'
^
4,730
83% of the securities were exchanged
to be redeemed for cash. The
Treasury also offered on March 23 an exchange of¬
fering of %% Treasury Certificates of Indebtedness of
Series B-1945 to holders of Treasury Certificates of In¬
$3,910,800,000
of
debtedness
91 days
2,450,653,000
1,011,344,000
99.905
91 days
2,094,959,000
1,016,034,000
99.905
Mar 23
91 days
2,116,736,000
1,001,105,000
99.905
*0.375
Mar 30
91 days
1,976,692,000
1,000,649,000
99.905
*0.375
Mar
2
Feb
1
21-26 yrs
74,540,000
74,540,500 100
2 Vz
Mar
2
Feb
1
15-16 yrs
93,048,500
93,048,500
100
2 1/4
Mar
2
Mar 15
4V2 years
3,743,211,000
3,743,211,000
100
1
10-12 yrs
709,054,084
709,054,084
a
Mar 1-31 Mar
12 years
238,123,600
238,123,600
100
2
Mar 1-31 Mar
2 years
37,825,000
37,825,000 100
b
Series
B-1944, maturing April
1, 1944
in our next month's tabulation.
As all of the maturing issues of Treasury bills, were
Mar 1-31 Mar
Total
for
9,927,887,684
March.
for
Total
lVz
a
which will be covered
for higher amounts
than those issued in March,
no new
raised in this manner.
money was
Due
mostly to the income tax payments due in March
the sales of savings bonds and tax anticipation notes
were smaller than in previous months.
We give below our customary
STATES
TREASURY
FINANCING
DURING
1.92%
a
year
and series C, about 1.07 %.
1914
AiWount
Offered
Dated
Due
Applied for
$
Accented
-
Refunding
$
Jan
1943
Dec
New
Accepted
Security
.
Yi-ld
%
$
FUNDS
$
Dated
Price
OF
Total Amount
Type of
Amount
31
Jan
6
91 days
.2,255,535,000
1,014,794,000
99,906
*0.373
6
91
day Treas. bills
1,014,794,000
1,006,933,000
Jan
13
91
day Treas.
bills
1,000,234,000
1944
13
91 days
20
day Treas.
2,173,694,000
bills
1,000,234.000
99.905
*0.374
91
1,000,766,000
Jan
Jan
1,017,180,000
7
Jan
14
Jan
20
91 days
2,273,537,000
1,017,180,000
99.905
*0.374
Jan
27
91
day Treas.
bills
1,015,849,000
1,008,065,000
Jan
21
Jan
27
91 days
1,015,849,000
99.905
*0.374
Jan
1
U.
S. Savings Eds.
1,698,408,259
Jan
1-31 Jan
1
10-12 yr.
2,290.465,000
1,698,408,259
1-31 Jan
12 years
14,690,500
a
1,698,408,259
14,690,500 100
a
Jan
Jan
1-31 Jan
2 years
1,216,149,300
1,216,149,300 100
b
Total
for
January
_
6,977,305.059
Indebtedness
$
7,861,000
1,000,234,000
Jan
2
~
Comprised of three sepa¬
maturity, are sold on a
F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53%; and series G
have
a
12-year maturity, are- sold at 100, and bear 2Va% interest,
b Comprised of separate issues, designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947.
Series A earn
rate on a bank discount basis, a
of which series E have 10-year
discount basis at 75, and yield 2.90%; series
series,
USE
UNITED
Date
37,164,999,074
months-—:
♦Average
rate
about
tabulations:
three
Jan
Depositary
Jan
Tax
Total
for
Bonds_
14,690,500
1,216,149,300
4.015,998,000
2,961,307,059
Securities Corp., Watling, Lerchen & Co.,
Co., White, Weld & Co., Whiting,
Weeks
The Wisconsin Co., Dean Witter & Co'.,
Inc.,
Wood & Co,
Gas Co. 1st mtge. bonds, 2% %. series,
refunding.
Price, 101.592 and int.
by Morgan Stanley & Co. and Smith, Barney
Harold
E.
&
Purpose,
1961.
Offered
1,216,149,300
6,977,305.059
and
due
14,690,500
Notes
Antic'n
January
...
&
Stubbs,
18,000,000 Oklahoma Natural
1,698,408,259
.
by
Union
Co.,
„
Purpose,
*
1st mtge. bonds, 3'/2%
refunding.
Price, 106>/4 and
Co.
Dillon, Read & Co., A. C. Allyn & Co.,
Brothers; Auchincloss, Parker & Redpath,
Bacon, Whipple & Co., Baker, Watts & Co., Baker, Weeks
& Harden, Ball, Coons & Co., Bear, Stearns & Co., A. G.
Becker & Co., Inc., William Blair & Co., Blyth & Co.,
Inc., Alex. Brown
& Sons, Campbell, McCarty & Co.,
Inc.,
Central Republic Co., Inc., E. W. Clark & Co.,
Coffin & Burr, Inc., Cray, McFawn & Co., Crouse, Ben¬
nett, Smith & Co., Curtiss, House <te Co., Dick & MerleSmith, Eastman, Dillon & Co., Equitable Securities Corp.,
Estabrook & Co., Fahey, Clark & Co., The First Boston
Corp., First of Michigan Corp., Folger, Nolan & Co., Inc.,
Glore, Forgan & Co., Goldman, Sachs & Co.. Granbery.
Marache
&
Lord,
Hallgarten & Co., Harriman Ripley
& Co.,
Inc., Harris, Hall & Co., Inc., Hawley, Shepard
& Co.,
Hayden, Miller & Co., Hemphill, Noyes <fe Co.,
Hornblower & Weeks, W. E. Hutton & Co., The Illinois
Co. of Chicago, Johnston, Lemon & Co., Kalman & Co.,
Inc., Kidder, Peabody & Co., W. C. Langley & Co., Lazard
Freres
& Co.,
Lee Higginson Corp., Lehman Brothers,
Loewi & Co., McDonald-Coolidge & Co., Mellon Securities
Corp., Merrill Lynch, Pierce
Fenner & Beane, Merrill,
Turben & Co., Miller, Kenower & Co., The Milwaukee
Co., Mitchum, Tulley & Co., Moore, Leonard & Lynch,
F. S. Moseley & Co.. Maynard H. Murch & Co., W. H.
Ncwbold's
Son
&
Co., The Ohio
Co., Paine, Webber,
Jackson & Curtis,
Arthur Perry & Co., Inc., Reynolds
& Co., Riter & Co.. E. H. Rollins & Sons, Inc.,
L. F.
Rothschild & Co., Schwabacber & Co., Scott & Stringfellow, Shields & Co., Singer. Deane & Scribner, Smith,
Barney & Co., Starkweather & Co., Stein Bros. & Boyce,
Stix & Col, Stone & Webster and Blodget,
Inc., Stroud
& Co.,
Inc., Spencer Trask & Co., Tucker, Anthony &
&
,
7,784,000
1969.
due
Gas
Almstedt
Wertheim
16,414,000
UTILITIES
Consolidated
Offered
Inc.,
*0.375
Mar 17
•
,
PUBLIC
*0.375
Mar 16
or
$819,200,000
leaving
9
Mar 10
Mar
-
notes
reoffered.
•
$35,460,000
*0.375
Mar 24
RFC
>
series,
Mar
■
Milwaukee St. Paul & Pacific RR. 1%% equip*
certificates, series X, due serially. Purnose,
purchase of equipment.. Awarded to First National Bank
of Chicago and four associates on bid of 100.0056 and not
trust
ment
20,259,806,331
February
for
25
'
V.
J
associates.
and
int.
Feb
;
*7,260,000 Chicago
$38,000,000 Michigan
95
.
equipment trust certificates,
Purpose, purchase of new
equipment. Priced to yield fiom 0.85% to 1.85%' accord¬
ing to maturity.
Offered by Halsey, Stuart & Co., Inc.
b
Call Date
1944-46
3A% Treasury notes of series A-1944
Federal Farm Mtge. Corp. Issues—
3 !4 % FFMC bonds 1944-64
3 %
Feb
a
lions of
States investors.
United
with
2,200,000 Chesapeake & Ohio Ry. 13,4%
due serially April 1,
1945-54.
%
ing (Mil¬
Issues—
Treasury notes
due serially 1944-1954.
vately
*0.375
Jan
*
<
*0.375
Feb
or
3 V4 r'(
r.'v;
I^
-
Maturity
and Title-
v-i
equipment trust certificates,
Purpose, refunding. Placed pri-
Pacific Ry. 2'/2%
*$26,000,000 Canadian
*0.374
Outstand¬
Description
Yield
Price
Accepted
Applied for
Due
Dated
Offered
in
Treasury
Treasury
'
Maturing Later TRaa|
Amount
Amount
Date
Financing In March
Treasury
The
capital flota¬
issue of any kind
Co.
'
1
.
.
* '
$56,000,000
(Continued on page 1596)
Total
$
104, 630 3,0 0 17,450 10,87241
—
750, 0
135,2641 23,5920 83,570146
—
!
*+
1
-
243,867
Refundi g 87.049,50 3,0 0 13,750
103,7905 17,920 49,05 40 170,8540
5
-1940
Total
,
,
Capit l 16,95720 -370,65 10,87241
61705,2 1,95,0
5t-. 139,6520
201,9205
476 ,6 0 20,56 0 179,64851
15,28765
Total
■
-•
Refundi g 83,602 31760,45
—1941
Capitl
$
New
Total
$
5,97180 29746,570 1,95,0
Capit l 7,50. 0 8,207,250 1,0 ,0
10,7950 157639,0 2,53,20
Total
FYEIVARS
- 67,32 0 12,0 0 6,50,0 ,73145 2, 50, 0
$
>-
Refundi g 31,94728 6750,6
$
Capit l 35.7, 2 12,0 0 7,31745 2,50,,0
$..
New
87,01 0 3l7T0,7 4,809,75 26,0 0
Refundi g 58,970 1875 ,713 26,0 0
$
-194
CORPATE,
Capit l 28,0530 12759,87 4,809,75
$
SOUM AFRY
"bob,
Yob"
15,70 139,6520
New
309,20
780, 0
1,50 0 103,79 05
_
1,201,28
1,0 ,0 12,68953 14,570241 7, 50, 0 8,407,250 1,0 0 1,201,28
1,0 ,0 12,68953 31,527491
62,70 25. 6,120, 0 107,26345 30, 0 28,1 60 10, 0 2,982,0 17,450 201,9205
1,695,0
3,963425 26,1 60
12823,,74895690 Star#eLs.
26,1 60
1,695,0 30,62570 3,120, 0 39,609.7
5,6 0, 0 48,06 0
28,0 0 18,0 0 973,50
10,7950
8,2 ,10
6,817,50
2,53 , 20 17,54920 5,6 0, 0 56,30810
973,50
39,20 30
New
—_
COISRUTPNHIAEED
GONRUEPFIW
-1943
$
493,0 0
14,780 25, #0s 2, 50, 0 24,750, 0 2,05,0
493,0
275,2 8
Refundi gS 10. ,0 21,790
-
-
12.0 ,0
6,81750
2,53 20 17,54920 5,60 24,07 30
~
106,0
13,4862
—
17,3580 86,34 70
34,81750 18,0 0 973,50 2,53,20 18,294 0
973,50
39.20,30
28,1750 18,0 0 2,53 20 79,085120
493,0 0
95,390,457
6,50 , 0 10, 0 21,790
6,50 , 0
31,94728
—
493,0 0
38,4728
6,75,28
•
■
—
Capit l 4,780, 0 4,071,0 2,50 24,7 2
$
27650,6
12,0 0
37,62572
New
6,84,62 ;- 468,795
12,0 0
'
7,31 457 4,780, 0 4,071.0 2,50. 43,2 43 2,518,795
'
-
'
$
17,0 .0 13,0 0
56,94329
Refundi g 26,0 0 56.0 ,0
$
—194
13,0 .0 5.7,13
17,560 148,9045
'
'
26.0 ,0 69,0 .0 5.7,13
18.57,13
—
~—
>*
\
v
New
0 0 450. 0
6,120, 0
14.03, 0 28,053 0
6667
~
■
"'I--
-_
10,72 42
.
-
560, 0
17,40274 9.460, 0 6,120 1,32 74 450, 0
3,50
t
1
•
2,9570 103,54713
'<
7
Capit l j '9,460, 0 3,50,0
■
■
19,20 16,30 45 'v j"-VC- 560, 0 35,98045 35.460 75.120, 3,50 0 16,90.45 45j0,0
2,9570 84,9570
60 ,0 0 450. 0
35.460, 56,0 0 3,50,0
.
.
■
Total
15,28765
13,8745 14,780, 0 25, 0 2,50, 0 50,9862 2,518,795
468,795
—
12,0 0
309,20
-
•
8,2 10
69,573,0
26,1 60
32, 580 6,0 ,0
1'
—
61,502
-1
Total
CAHARNTDE
45, 742 12,589421 58,045163
Refundi g 32, 5780 6,0 ,0
Capit l $ 5,60 15,802 2,0 0 18,0 0
38,4728 54,830 16,9450 10,91728
103.54,713 76,453 0 36,05.0 12,53140 152,9635
$
"
109,7436
89,6401
31,60745 3,0 ,0 67,0245 30, 0 1,50,0 10, 0 2,876,0
2,35*970
$
—1942
95,30457 54.830, 49,61 72 19,836 29
148,9045 76,453 0 30,5 6 24.72,561 2150,4 516
31,60745
15,408 5,97180
Total
197,35864 iUppnrlaivtceaetddely
56,94329 32,701672
83,602
106,0 0
New
79,085120 8,60, 0 21,804 16
New
$
— 13,750 35,0 0 32,6905 24,50
'Y—
Capitl 3.120, 0 37,05. 0
$
SbSftramFuatGonteioOhcCygevpdbdllrsigneamsyfys FTMOFYAHEINRVECS
FGOFLOAMFRVTMIUEONEFRAINAGHCMRNPDECTG,
Capitl 61,50•2 16570O39,i,253,20
Total
6,120, 0 73,0 0 30, 0 1,50 , 0 10, .0 2,982,0
Refundi g 3,0 ,0 35,9 0 30, 0 1,50,0 10, 0 2,876,0
-194
39,20 30 21,350 27,085328 87,609 28 Montreal
$
-1943
$
$
18,294 0 30,1750 48, 934
Refundi g 39,20 30
Total
13,750
16,95720
New
406,135 86
86,34 70 9,40, 0 86,75 20
v.-
—1942
3,0 ,0 3,0 ,0
~
14,95128 1,0 ,0 12,68953 28,30241 42,750 40,67 30 1,0 0 25,4128 780, 0 1,0 ,0 23,68953 135,2641
>
.
E.
$
3,0 ,0 3,0 ,0 "Yob"0
-
-
/
42,750 40,7630 1,0 ,0 10,5 0 ~ 78O76 8750,60 104, 630
$
476 ,6 0 1,250 92,73041
New
*
Refundi g 35,0 0 32,6905 10,5 0 "~78O76 87560, 6 87,049 50
-1940
31,527491 5,60. 0 34,510746 750, 0 72,38 237
$
$
I
: 14.603, 45, 742
J
1
.
!■:■
. , _ . ■"< * _ &c. fuonbtadise manufctrig .2hoeldticn.g, ' manufctrig hoeldticng.,: — . manufctrig hoeldticng., manufctrig - hoeldticng.,1
OFMARCH
OFMARCH
toal. fidignnuclrouoedste
S-LtDomesic—. boongannotedtremss hort-em_ stock stock,Candi - Lbonogann-toedrtmedssShort-em stock stock-foreign- boannodtedssShort-em Jstock stock corp ate
Corpate—
GovernmtforegoivgernnmtLGoaaagnvndci,esMunicpal—tSes,,SPotaseeisn LoBNnogo-atTneedsrm-s , utiles sccetooeptall,,r,Equmiapnmufecntes andori indausntrdl bueildtcn._gIs, Intvtrreuastmdsinng,,Micelanous SBNhooorta-ntTeedsms- utiles sccetooetpall,,,TrEqumiapn-+mu•fecntes a1ndorieindausntrdl bueildtncgs, Itntrvreuastdmsinng,,Miscelanous : utiles scceotoeptall,,,Eqmuanipufmcetnrets anodi- indausntrdl —bueildtncgs, —_iL ttIrnrvauesdstminng,,Miscelanous — !utiles ecscototpea.-lrl,,,Eqmuaniupfment aacensordi inadunstrdl beuiltdcngs, ,— ttrIrnavuedsstimngn,,Miscelanous sceocrupritate
MONTH
{
Pref red Com on Pref red Com on Other Long-term Pref red Com on
Grand
Total
Can dian Other
Farm
*
United
MONTH
♦These
Railroads Public Iron,
Total
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Oil
w
M
H
O
<
w
w
Total
Motors Other Land, Rub er Ship ng
Oil
Stocks-
Railrods Public Iron,
Total
Mot rs Other - Land, Rub er Ship ing
Oil
Total—
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Oil
Total
Total
74.87,0 340,253. 7 1.625,0
56,13.71
$ 45 ,6023 13,0 . 0 71,957690 25, 76 41
•
Total
982,0 68
13.0,- 13,0 0 53,17690 585,00 I34O" 36 26,947 8
64,2350 205,68230 105. ,0 1,0 ,0 137~2_536 10, 0 1,805,0 1,0 ,0 52,60 0 45,6023
$
1,40 0 1,0 ,0 13o~4395 97,534 1 64,2350 258,39. 0 106,4.0 1.0 ,0 1,40 0 40,672 8 10, 0 1,805, 0 1,40 0 1,0 0 1,0 0 78,64395
56,137
_
453,1 463 68,470 189,7083 71,32546
-1940 Refundi g 3.0 .0 63,7843 1
$
386,51082
63,78431 5,493602 24,568931 05, 0 24,50 10, 0 1,35,0 32.467930 453,1 463
3,0 .0
Refundi g 5,493.602 174.53 0 105, 0 10,5 0 10. ,0 1.35,0 29,467930 386,51082
$
-1940
x
N
Capit l
69,251 8 10, 0 8,173,09 25,76 41
$
New
Total
13,01268
Capit l
10, 0 10, 0 3.123,09 58 .0 1340 .6 13,97 8 1,40. 0 1,0 ,0 13,04 953 3,750 8,74-1,398 34,271.059 1,40, 0 1,0 ,0 1.40,0 16,42.78 "450.6 0 1,40,0 1.0 ,0 1,0 .0 46,17 023 13,01268
8,741.398 31,47 50 5 ,0 1,0 ,0 3 2 5,0 "45o36 6 1,0 ,0 23,1207 69,251 8
$
Total
271,5692
s
New
804.1 ,237 ,40~ 78,2650 308,16358
679,15380 34,10. 85,6 .325 5,14,12
$
6,40. 0 150,4325 1,625,0
5,0 ,0 9 0. 0 7,0 ,0
10.3,0 370.16,0 63,0 0 3,498,0 73142.86 70,150 18,290 36,90 0 679,15380
15,03 0 425,16975 70. ,0 3.498,0 41,5015 '70,150 18,290 60,43 27 804,1 237
2,380327 90,86437
21,50 34,10 54,063795 34 62315
■„_L,_
4-
Refundi g 547,982 5 18,730 51,29 52
$
-194
540, 0
4,o~b6o 58,0 143,52691
617,98420
1,82944,0512306 "1Staes.
19,7650 164,3942 370,51479
Capit l 13,70.95 15,9670 34,7380 4,601, 2
$
New
Refundi g 58.0, O 317,980 58.0 , 0 3,4980 4,"1506 6.82,0 17,9630 21,05389 547,982^ 5
-194
Capit l $ "0.52,1
United
New
:
"*
'
52,180 5,0 0 2,92,80 3,53,0 326,0
421,875
271, 650 74067308 6,3402
$
18365,1,92287
138,590 209,6157
143,28764 81.670, 73,68237
Refundig 139,8540 3,402,84
$
-1942
Total
7029,81456733241,54,90618MpCorltiaOnGvFcbfevSehrogtadrfdmatgumynicapse.lldtysesFYMETIFAONHVSRTIUDOSCCONAHRSIPREEAD
TMFEFH3ONARIMADILVFUA1GCONRCVSEGRDPNMT,
YEARS
CFOORRPEIGANT,
OSUMFARY
Capitl 13,29056
$
New
Total
$
421,875
15,346105
13,7095
90,83 0 12,0 0 6,50,0 7,317,457 2,50, 0
Refundi g 41,329 8 6.MUDO
Capitl
Total
468,20 16,4530 85,2 70 9,7064 20, 0
Refundi g 213,8570 827506,928 26,0 0
32,63928 t6,453 0 85,2 70 52,1074 7,290, 0
34^8 ,72 9,053,0
145,8 72 47,86 324 12,70 206,43196
$
315,760
$
Capit l 10,930
S
New
647793,,52031648 NOGARENUFWPID
-
$
$
New
$
_
-194
Capitl
New
-
34.19,432 186, 2817
95,0 0
2,53 , 20 421,875 80,26385 19,30 0 186,790. 2,0 ,0 70,159.40 64,0 0 3,0 ,50 2,53,20 4,07185
3,40284
3,40284
139,8540
A
$
351,9285
12,93624
143,28764
j
13,29056
2,460 28,750 3,250, 0 3,250 1.530,6 2,05,0 1,793,0 93,08 0
4683*795
13,4862
12,0 0
12,0 0
13,8745 2,460 28,750 3,250, 0 58,9 62 1,530, 0 2,518,795 1,793.0 18,90 457
*
6,50,0 :' 10, 0 2,1790
6,50,0
j
.
^
12,47 28 "1,380 1,793,0 47,829 8
7,31 457 12,460 6,5710 3,250, 0 46,12 43 150, 0 2,518795
6,84 62 "4683795
71,0 29
51,73 2
45,10 204,7 0 3,90 0 15,70 40,5 0
31,50 341,760
19,20 51,629 0 10,3890 45360, 6 "560,6 126,480 45,10 23,80 3,90 0 67,329 0 50,8 90 4536 6 32,06 0 468,20
8,057,0
13,0 0 24,~506928 45,0 06
1,60 0
19,50 90 ,0 3,50 0 14,0 40,5 0
12,0 0
12,0 0
.
239,8570
6,120
23,4 0 10,930
27,1 972 10,3890
82,506928 26,0 .0 216,80 40 ,0 26,10 928 4536 6 8,057,0 32,63928
560, 0
43,91872 19,50 7.02,0 3,50,0 41^2 972 50,8 90
—
24,03 0 145,8 72
M3*EANR1DCH *bonaonteddss stock—— stock boannodtedss stock stock—foreign— boannodtedss — stock-— stock corpateG*overnmtfogroeveringmntGaavncdi.e,s&♦Municptal—Ste,s,PSosteaeins ffdiinugnocbutlaorodineesset EM3NADR1CH BNootaensd-s util—e,s eccootpalr,,manufces ori inamdaunnsuftrcdtrlig beuticld.—ngs, httrroeauldtscin.g,, BNootaensnd-ds utiles eccooptalr,,manuf acesor.,i indamaunnsuftrcdtrilg bueildtncgs, thtrreoauldtdscin.g,, i utiles- cecootpa,-lr,manuf aceso-ri indmauansunftrctdrlig bueildtncgs, httrroeauldtsicng.,, util-es eccootpal,,manufctres oi indmaaunufsncttrridgs-.l b;eu—ildtncgs, . ;ihttrroeauldtscin.g,, cseocrpuritate
MONTHS Corpate- Domestic— Long-term Short-em Pref d Com on Candi- Long-term Short-em Pref d Com on Long-term Short-em Pref red Com on Candian Loan United toal ♦Thes
Grand
Total
3
Other
Other Farm
MONTHS Long-Term Railrods ste l, Equipment Maontdrs
3
Public Iron,
Other Land,
Oil
C«S-T.,
3iij.U
s!
•>. <
-
12,460 6,5710 3,250 27, 72 "150,6 6 2,05,0
40 ,0
V:si,
Xi
6,49 140 12,65 0 1,20 50
95,0 0
37,65940 15,0 0 2,53 20 421,875 7,423561 19,30 63,8716 2,0 0 63, 026 51,37450 1,80 0 2,53 20 4,07185 208,714 2
69,0812
"95,6 619,30 42,07 2,0 0 26,0 .860 36,7450 1,80 0 3,650
Refundig 26,0 0 203,8 0
$
CHAR TE
by
2,386327 38,974 12 51,2 0 56,902 4 5,0 0 34,81245 3,53,0 326,0
'
Total
Total
-'6,4910 12,650 1,2;0 50
$
17395,80 9,053,0 26,0 0
New
49,50372 12,0 0 7,31745 2,50, 0
VIv.
-
v
25,097 37,65940 15,0 0
271, 650
Refundig 10, 0 2,1790 5,97 28 i,3~8 0~6 0137903", 41,329 8
-1943
Capitl
$
$
New
71,0 29 83,12 04
Capit l
-194-
208,7142 56,920 135,97
47,829 8 90, 0 13750, 73,01 0
$
-1943
19,30 16.58,0 2,0 ,0 32.50, 49,0 0 3,0 50 ~ 9~5 o65 3,65036
$
Refundi g 19,5086
18,90 457 90, 0 i375~o 6 156,4210
70,6148 6,3402
-
-
$
-1942
"
r
'■
51,83 52 63,508 0 368,2 5 65,0 0 3.498,0 6,92,670 6,82 0 17,9630 26,3 895 617,98 420
5,1830 18,730 49^28,5 2,542,670
15,9670 15,9670 4,74,60 31,8*93645
in
Total
5,0 ,0 9 0, 0 7.0 ,0
S
Short-Tem
Ship ng Investmn Miscelanous 'Railroads ste l, Equipment and
Public Iron, Motors Other Land,
Ship ing Investmn Miscelanous
Total
Stocks-
Railrods ste l, Equipment and
Public Iron, Motors Other Land, Rub er Ship ing
Oil
Investmn Miscelanous fRailroads ste l, Equipment and
Total—
i Ship ing Investmn
Public Iron, Motors Other Land, Rub er
Miscelanous
Total
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4273
159j
COURSE
THE
will show
Bank clearings this week
BANK
CLEARINGS
Complete and exact details for the .week covered by
decrease com¬
a
OF
the-foregoing will
pared with a year ago, * Preliminary figures compiled by
appear
in
the cities according to the Federal Reserve Districts in
issue of next week.
our
1591
which they are located and from
upon
telegraphic advices from the chief cities
We cannot furnish them
of the country,
indicate that for the week ended Satur¬
ends Saturday
and the Saturday figures are not avail¬
show
able at time of
going to press. Accordingly, in the above
the totals show
based
us,
15, clearings from all cities of the United
day, April
States from which it is
center there is
this
In
Our comparative
17.1%.
of
Friday
decrease for the week ended
a
week follows:.-/'
CLEARINGS—RETURNS
Chicago
Pittsburgh
Cleveland
Ten
cities,
day
one
1st
Boston
2d
4.0
197,897,856
1,567,884,440
557,284,352
542,575,276
.239,123,804
6th
Atlanta
—10
"
337,816,325
Chicago
17
44
530,461,791
539,153,562
44
March
St.
Minneapolis
Kansas City
—12.2
12th San
$9,545,645,993
$10,871,045,886
—12.2
and
the
months
three
:
1944
of
1944
36,997,243
bonds
472,000
27,042,000
bonds.. $260,533,000 $497,868,650
126,905,270
110,329,370
+
9.1
88,301,569
77,230180
451,509,585
414,952,897
4
8.8
313,097,333
267,650,817
9,146,687,625
8,605,840,417
4
6.3
6,264,232,395
5,453,430,744
4,001,794,057
3,690,926,444
+
8.4
3,287.098,101
2,687,736,329
—111 cities
Y.
City-
month
of
March.
and
the
1943
increase of 29.0%
trict
of
3.5%
totals show
700,150-
'
government
—!____
44
"
For
that
month
there
Month
1944
tv
properties on the
months of 1941
of
in
the
Boston
Reserve
decrease of 4.4%.
No. Shares
Month
March
1st
:
Quarter.—....
The
No. Shares
24*434,084
12,993,665
7,*925*7,61
36,997,243
8,587,828
62,555,204
...
18,032,142
17,100,772
27,643,038
February
No. Shares
17,811,394
of January-
79,463,469
29,507,254
ended
March
with
in
each
the
of
last
BANK
CLEARINGS
1944
omitted)
New
—
Louis
..Minneapolis
City
CITIES
IN
MARCH
1944
$$$$
———
Y.
Phila.
1943
4
FOR
$
$
1941
.
0,265
56,534
5,460
1,319
1,142
4,595
4,303
2,843
2,482
2,138
8,240
7,609
735
594
472
2,293
1,974
3d
906
721
3,293
2,949
4tli
903
730
3,525
3,025
>th
684
658
521
414
1,940
1,753
6th
Atlanta
511
"
4,586,078,826
4,224,365,339
+
8.6
"
1,328,850,585
907,739,381
1,234,587,933
1,671,329,301
1,124,814,875
2,264,398,371
1,583*637,928
4
5.5
1,012*596,337
2,192,416,446
+
11.1
821,488,728
+
3.3
1,720,557,436
1,347,347,921
43,066,712,494
+12.9
33,410,972,447
30,427,690,530
22,203,814,341
+
5.8
17,873,290281
14,791,413,387
Oil,266,657-1
490
413
1.3L2
7th
877
862
621
459
2,505
2;294
8th
910
739
577
2,719
2,437
4
418
325
638
580
2,251,554,867
977,046,377
1,285,668,871
3,284,466,742
998,131,212
7.6
4
-
.
4.2,
659,349,087
1,128,590,267
1,465
1,813
the clearings by Federal Reserve Districts in the three months for four
.14
St.
17
1,487
222
1.155
1,002
17
11th Dallas
746
4,932
4,234
12th San Francisco
319
300
238
205
933
335
201
153
1,018
858
+
8.6
7,448,988,523
411.8
6,320,249,085
2,802,012,759
3,676,981,852
9,396,714,605
2,905,317,728
1,893,742,585
3,209,511,977
138,308,170,723
44
44
19
44
:
"
47,817,314,956
4 11.2
+ 21.4
+ 14.8
...
3,838,117,145
44,521*800,313
6,276,508,090
+13.2
+ 18.8
+ 13.6
5,025,988,371
2,324,696,620
2,945,200*309
7,775,313,307
2,319,105,113
1,463,289,448
2,511,87,9,000
1,842,777,191
870
362
25.0
44
—11
___
278
+
"
16
968
58,436,914,141
7,922,617,698
7,293*655,916
> 3,235,771,351
4,404,706,088
11,407,311,569
3,400,551,622
2,266,336,591
4,201,917,279
2,756,544,498
5,864,291,912
44
7
374
%
8.9
44
4—
1,578
1941
4,579,643,683
+
"
31
______
399
3 Months
$
4,976,597,896
44
16
Minneapolis
10th Kansas City
1942
$
5,321,701,922
73,029,585,976
8,600,794,519
8,155,329,681
3,596,803,043
5,349,468,811
13,097,220,211
3,849,471,282
2,692,681,222
4,774,364,596
3,232,804,171
6,607,945,291
44
17
8
Louis
3 Months
Dec. °'o
1943
1
'*•'
"
___
Chicago
-
Inc. or
3 Months
67,597,450,730
14 cities
9th
332
48,613,848,631
1944
Philadelphia
_<L
1,724
Louisville
15.1
44
Cleveland
943
Orleans
+
44
Richmond
N.
1,6.18,546,199
"
1st.
1,117
Minn.
1,862,404,447
•
$
1,090
Detroit
44
Federal Reserve Districts
812
_
5-6
.19
Boston
2d "New York —.
C'y.
4.8
4
3 Months
70,710
1,230
Kans.
3.5-
4
1,252,000^115
2,957,057,254
2,7.23*120,451
1*185,255,796
4
2,853,847,378
'4 —'
1,168
Cleveland
3,060,212,617
187 cities
.
1,615
•Cinn.
"
$
$
15,636
.
*16,139,913,250
2,599,331,859
"
We append another table showing
years.
Pittsburgh
Baltimore
+ 20.0
1,332,646,064
16,179,858,118
2,251,215,757
1,800,29,7,369+
811,291,731
1,046*494,278
2,801,836,086
815,175,019
525,416,269
882,996,575
633,115,403
YEARS
1942
San
Fran,.
1,544,873,751
"
23,497,962,963
1,776
Louis—
$
4.4
—
21,600,225,687
City
1,539
...
25,920,328,646
"
_
.—
2,939
Boston
"
11
2,011
1,617
2,198
—
1941
Dec. %
v
$
1942
Inc. or
1943
„
1,863,636,467
16
—
Total
Jan; 1 to March 31——
1941
and the San Fran¬
cisco Reserve District by 3.3%.
1,781,844,089
_17
—______
t2ttLSan Francisco
*
1942
Min¬
The Kansas City Re¬
7
Chicago
Outside N.
in the'
the
8
;
——
10th Kansas
is
years
in
,
of March-—-
1943
York. 25,115 20,862 15,537
Chicago
St.
LEADING
AT
——Month
(000,000
four
and
District has been able to enlarge its totals by 5.5%,
serve
of bank
shown in the subjoined statement:
7.6%
31
Atlanta
Hth Dallas
of
17
17
—_——
Cleveland
9th
District
Reserve
16
Philadelphia
8th' St.
13,312,960
8,969,195
10,124.024
32,406,179
14
Richmond
7th
$
Louis
the Dallas Reserve District by 11.1%
the
1944
-
14 cities
York
4th
clearings at leading cities of the
country for the month of March and the three months
course
and in the Atlanta
In the Chicago Reserve Dis¬
neapolis Reserve District of 4.2%.
In Ihe Cleveland Re¬
—
_
5th
1941
No. Shares
District
March—
6th
1942
:
New
3d
;
1943
gain of 4.8%, in the
a
Richmond Reserve District of 5.6%
and in the- Philadelphia Reserve Dis¬
but
a
Boston
2d
New York Stock Exchange for the three
to 1944 is indicated in the following:
District the totals record
serve
an
aggregate $43,066/712,494.
Federal Reserve Districts
1st
$952,428,150 $1,052,939,750
The volume of transactions in share
was
In the New York Reserve District the totals show an
34,170,500
923,569,860
196,350
Total
U. S.
154,830,538
6
St.
$1,816,350 $1,018,069,100
16,150,000
170,022,751
100,866,170
trict the totals register an improvement of 8.6%,
govern't
10,806,000
,
425,217,796
631
79,463,469
"VvV.'. '*
$249,255,000 $481,522,300
4.9
4
—
159,687,673
200,383,824
the 1944 aggregate of clearings having been $48,613,848,-
1943
62,555,204
■
1.6
347,895,071
Reserve District of 15.1%,
Railroad & misc.
bonds
264,302,192
8.4
—
237,412,919
173,551,001
271,480,642
4
-
390,130775
increase for the entire body of clearing houses of 12.9%,
—Three Months—
1943
—27,643,038
Bonds-T-
Foreign
249,005,281
159,537,734
1.6
278,360,085
2.881,147,064
10
•<■.»>■
_______
44
6.3.
+10.7.
-■
We also furnish today a summary of the clearings for
and
187,873,595
243,072,978
—
44
Francisco
Outside N.
the
8.1
2.7
—
7
Total
•
^
——Month Of March-
shares
bonds
4
__
$
319,718,451
3,100,262,465
543,976,061
429,487,795
191,683,291
260,718,314
497,202,187
195,317,439
136,693,895
594,932,160
490,347,572
\
—19
....
___
11th. Dallas
—12.0
Stock, number of
-
Louis
1,808,295,358
1944
,r
_______
8th
$9,062,750,528"
1943 follow:
Description
_
9th
10th
Our usual monthly detailed statement of transactions
the New York Stock Exchange is appended.
The
for
5.1
4
311,560,546
44
.—19
1941
$
7.1
4
405,086,460
44
2.9
+
—
5,046,674,219
44
Philadelphia
1942
or
Dec. %.
5,304,461,649
"
12
Inc.
6
on
results
$
7
\
•
1949
$
376,437,863.
.—12 cities
Richmond
1,590,940,959
$7,954,704,994
Total ail cities for week
1944
_J—
—
Cleveland
—15.4
$7,494,866,088
...
in the San Francisco Reserve District of 8.8%.
by Federal Reserve Districts:
Ending April 8
New York
3d
—13.8
149,478,870
larger by 10.7% and in the Atlanta
are
a gain of 4.9%, but in
Chicago Reserve District the totals register a loss of
1.6% and in the Minneapolis Reserve District of 8,1%.
In the Kansas City Reserve District there is an improve¬
ment of 2.7%, in the Dallas Reserve District of 9.1% and
5th
'6.6
—
Philadelphia
the
4th
5-0
—
and in the
In the Cleveland Reserve Dis¬
Reserve District the totals record
7th
235,218,241
1,612,977,450
Tot. all cities, five days
All
a summary
loss of 7.1%
a
SUMMARY OF BANK CLEARINGS
2.8
+
212.931,000,
$6,341,727,544
cities, five days_—_,
cities,, five days-
Other
+
"
128,876,556
——
....
furnish
we
Federal Reserve Districts
—10,2
153,200,000
223,570,639
184,904,714
*
_____
Baltimore
172,883,163
221.391,000
,
...
following
that in
Reserve District by 8.4%, but in the Richmond Reserve
District the totals are smaller by 1.6%.
In the St. Louis
week in 1943.
same
Week
—24.5
,
trict the totals
increase of 8.4%, the bank
an
1.5
+
481,352*598
157,500,000
was
In thd
—14.7
_
Francisco
San
436,412,727
155,267,287
.....
statement, however, which
—17.1
$4,843,491,633
612,000,000
City
Kansas
St. Louis
Per
287,872,849
—
detailed
Outside of this city
clearings at this
center having recorded an increase of 4.7%.
We group
Cent
1943
522,000,000
7
Boston
840,417 in the
there
TELEGRAPH
$4,017,300,410
443,044,089
——
...
Philadelphia
elaborate
appears
gain of 5.1% but in the Boston Reserve District
a
Reserve District of 6,3%.
6.3%, the aggregate of clearings for the whole coun¬
try having amounted to $9,146,687,625, against $8,605,-
•
•
1944
Vteek Ending April IS
New York
BY
V1
the
this it
the New York District (including this city) the totals
of
for the
summary
-//./v
the week
as
we present further below we are able to
give the final
and complete results for the week previous—the Week
ended April 8.
For that week there was an increase
Our preliminary total stands at $9,545,-
645,993, against $10,871,045,886 for the same week in 1943.
At
much
as
the last day of the week in all cases has to be estimated.
possible to obtain weekly clear¬
below those for the corresponding
ings will be 12.2%
week la§t year.
today, in
.
Omaha
Providence
73
76
72
214
169
160
136
103
478
427
303
264
221
180
865
196
164
135
593
187 cities
.
2,396,346,677
4,820,935,268
3,753,565,369
116,167.216,561
+ 19.1
97,267,759,698
84,598,233,276
59,732,326,002
+ 13.2
51,286,347,077'
41,665,279,985
717
172
Total
+17.3
+ 12.7
203
Milwaukee
-
: 522
.Buffalo
St.
_.
Paul..
Denver
60
263
230
177
150
741
623
Ind'apolis.
130
136
123
97
386
365
Richmond-
339
307
240
214
976
185
187
156
130
587
427
321
222
1*127
1,100
73
363
333
207
City.—
528
379
Y.
866
Memphis—
Outside N.
183
v...
Seattle
■—
Salt L. C'y
Hartford
123
121
93
68
68
63
_
Total
Oth.
43,662 38,534 29,680 27,303
„
We
Month—
10,805
41,665
1943
1944
or
Inc.
$
$
Dec. c/o
38,104,684,580
+
21*0
22,809,158,872
43,592,816,955
48,613,848,631
34,995,819,487
424.6
43,066,712,494
+ 12.9
21,290,328,895
23,497,962,963
138,308,170,725
116,167,216,561
+ 19.1
67*597,450,730
or
Dec., CU
19,702,118,370
17,826,393,291
22,203,814,341
59,732,326,002
+ 15.8
84,598
51,286
-Clearings Outside New York-
■
Inc.
46,102,505,138
January.....___________
8,902
97,267
3,730
now
add
75,696
February—
,
March
our
,
Total
3
months.——
detailed statement showing the figures for each
city for the month of March and the
1944
First Federtil Reserve District—Boston
Me.—Bangor—
Portland
_
—_—„
Mass.—Boston
Fall River
-
Holyoke
Lowell
Bedford
__
Springfield
Worcester
Conn.—Hartford
Haven
•
Waterbury
R.
I.—Providence
KF.
H.—Manchester
Total
Total All——
1943
1944
$
86,462
4,532
Clearings at—
New
the clearings by months since Jan. 1, 1944 and 1943.
MONTHLY CLEARINGS
-Month of March
New
covers
-Clearings,
43,066 33,410 30,428 138,308 116,167
23,497 22,203 17,873 14,791
67,597
59,732
4,951
all 48,613
Out. N.Y.C.
following compilation
J
123,938 103,868
3,125
14,370
12,299
cities
Total
The
114 cities*
-
$
....
Inc.
$
3,749,630
15,696,375
1,539,202,060
4,111,358
2,124,395
1,871,406
5,308,584
18,811,727
12,574,781
68,902,732
25,648,242
7,611,900
73,293,900
2,936,999
3,183,911
16,422,105
1,617,888,533
4,138,707
2,181,418
1,802,747
4,839,418
18,215,280
12,271,998
68,840,601
25,773,961
1,781,844,089
1,863,636,467
Inc. or
1944
1943,
$
Dec. %
$
$
9,209,315
+ 20.6
950,669
1.4
3,530,414
324,708,367
905,440
4.4
11,109,994
45,130,166
4.9
4,595,488,269
0.7
12,525,595-
2.6
6,443,871
3.8
6,657,278
6,145,506
5,449,918
+ 12.8
+' 9.7
15,588,956>
12,962,,760
53,061,393
+ 20.3
—
-
—
—
+
4
3.3
4
2.5
4
0.1
—
9,117,500
,
1943
$
+ 17.8
—
,
0.5
58,044,401
36,548,670
207,145,882
81,483,232.
22,774,700
—16.5
76,388,400
2,571,888
—
4.1
414.2
214,580,400
-
8,478,873,
45,777,905
4,303,989,659
11,487,014
35,166,136
183,136,151
76,125,81523,161,700
203,495,900
7,130,362
—
4
6.8
4
9.0
+
3.3
4,976,597,896
.
749,174
3,568,975
351,194,938
833,798
5.8
+ 13.2
481,116
+13.1
18,370,896
4
7.0
5,257*115
5,730,480
—
1.7
+
5.4
+
9.4
4
3.9
+ 20.3
+
6.9
Inc.
or
Dec. %
1942
1941
$
$
8.6
621,105
3,274,028
272,379,357
857,268
—10.0
636*687
455,086
+ 26.9
—
—
+
1.1
7.5
-
2,953,972
239*569*393
817,465
———
432,811
1,141,384
4,393,767
2,610,519
15,715,827
»•
5,321,701,923
4
-Week Ended April 8-
1944
or
Dec. %
4 19.4
week ended April 8 for four years:
-3 Months Ended March 31-
1943
......
.
1,096,485
3,997,513
2,668,649
451,404
+
4.1
811,991
813,813
4
9.9
3*859,306
3,568,373
—
2,712,773
2.2
2,499,854
—14.5
15*157,554
9,403,480
—
8.T
6360,351
3,633*175
13,208*500
*
________
15,981,700
809,848
15,544*100
850,336
376,437,86$
405,086,460
4
2.8
12,882,300
—
4.8
554,253
591*050
—
7.1
319,718,451
278,360,085
of
-Month
1944
■
..
49,563,976
6,209,378
+ 138.0
1,232,742
+■'
+ 31.3
1,094,959
+ 15.7
43,700,000
,737,327
■;
1,415,671
8.0
21,74*4,223
+14.8
865,510,822
717,433,693
0.3
15,101,642
14,414,812
15,869,058
12,811,534
+
23.9
953,643
1,516,561
1,275,829
+
18.9
854,795
992,035
+ 13.8
.
56,434,890,559
+
25.3
5,144,805,513
4,914,913,973
+
4.7
2,977,234,294
2,765,694,415
10,707,112
+ 19.7
8,435,926
9,198,907
+ 24.8
4,232,051
5,281,632
+
.
'•".+ 20,6
+ 4.8
37,400,000
5,082,869
4,751,645
5,066,743
4,175,541
+
13.5
1.7
83,520,268
+
12.7
6,307,821
5,054,145
34,140,675
70,710,719,995
157,850,606
93,014,186
12,819,899
50,046,625
20,862,898,153
47,735,663
5,701,572
33,852,884
6.9
15,837,468
15,480,713
+
5,305,481
34,492,231
1.9
95,572,051
82,621,576
6,~722~573
1,775,675
122,301,138
181,860,637
4,378,829
York
1,673,321
112,632,554
155,013,773
+
17.3
509,038,494
3,666,988
+
19.4
13,719,213
21,600,225,687
+
20.0
73,029,585,976
5,751,241
+
30.3
473,260
+ 12.5
430,027
501.087
15.6
7,493,460
532,421
+
12,004,819
+
2.7
1,047,970
1,361,178
—23.0
1,442,782
1,364,821
3.1
+
88.1,
644,993
626,067
3.0
581,548
384,040
1,*9*10*844
1,692,428
"+T2.9
2,~034~424
4328733
529,000,000
1,266,221
376,000,000
2,356,941
2,068,382
—.
Syracuse
Utica
Conn.—Stamford
J.—Montclair
.
Newark
J.
N.
Northern
Oranges
Total
25,920,328,646
Cities).
(14
+
+
20.4
+
4.8
3,901,051
7
Chester
12,002,827,
Harrisburg
8,025,397*
.1
Lancaster
2,515,950
Lebanon
2,707,059
2,939.000,000
5,995,158 Ji
Norrlstown
Philadelphia
'
Reading
13,650,567
6,188,440
9,031,663
1,469,275
14,278,437
Scranton
Wilkes-Barre
6,570,023
York
7,617,376
2.3
4,896,738
+
8.9
315,904
436,015
357,118
325,211,547
+
9.3
21,791,981
20,941,873
21,036,017
17,056,377
427,240,868
+
16.8
35,235,548
30,814,064
31,167,826
26,457,729
11,416,497
+
20.2
+
25.0
5,304,461,649
5,046,674,219
3,100,262,465
2,881,147,064
,y
58,436,914,141.
1.6
36,765,104
11,693,030
6,563,338
35,089,554
5.9
21,936,666
20,180,536
+
+
8.7
+
5.9
7,292,967
7,976,005
6,583,376
+
6,602,252
+
20.7
8,240,000,000
7,609,000,000
16,629,459
+
8.3
+
12.0
35,670,839
16,610,701
+
4.7
+
18.6
8.4
12,345,532
56.6
+
—
■y
21.5
+
+
•
3.4
+
2.7
18.621,730
+
6.2
37,352,187
4.6
+
^
19,759,913
—
846,762
686,467
+
23.4
2,321,437
3,331,557
22,752,068
+
18.7
10,184,002
15.4
72,095,524
59,^74,574
+
Del.—Wilmington
1.6
66,843,500
23,239,007
+
9.0
4,562,666
+
1
—
J.—Trenton-
3,060,212,617
Total (17 cities).
2,957,057,254
+
3.5
8,600,794,519
+
10.0
4.4
6.2
—
8.3
+
1,466,944
—-7.9
1,195,323
1,341,573
—10.9
1,069,488
982,445
1,499,760
2,088,588
—28.2
1,955,430
1,366,423
-
•
-■
—11
+ 110.6
+ 16.4
21.8
1,312,204,533
4,780,600
5,515,200
557,284,352
8.6
+
40,815,399
+
51,209,738
1,465,526,853
1,361,473
3,472,393
3,197,64-2
14.5
+
7,922.617,698
15,677,774
490,217,082
910,798,307
72,916,000
3,787,791
1,123,307
9,512,596
16,313,782
7,098,682
577,000,000
541,000,000
1,474,799
~
+ 24.5
18,994,500
53,674,100
18,692,700
1,601,606
—15.6
+
4.8
+
.
""'""
'
5.1
+
10.8
—
3,953,069
26,251,813
Bois
4,954944
5,332,573
355,484,625
8.5
—
25,358,176
3,984,264
1,102,223
8,750,035
Pottsville
Hazleton
5,714" 639
6.1
5.836,695
„
139,040,633
714,882
8.6
2,213,392
3,824,955
2,491,609
12,199,727
7,581,104
2,376,358
2,228,877
2.843,000,000
2,548,061
3,705,330
Bethlehem
'
9.0
—
9,727,546
329,994
District—Philadelphia—
Reserve
Federal
Pa.—Altoona
N.
5,653,640
5,948,320
1,619,004
55,200,000
$
11,626,354
264,396,691
—
Rochester
Du
7/,'."'
47,700,000
1,047,684
14,154,139
15.2
1941
1942
$
Dec. %
34,736,233
Jamestown
Third
3.8
+
18,880,189
O'
Inc. or
303,438,659
—
Elmira
N.
y"y': $
$
25,115,885,668
Buffalo
New
V'•
+
149,054,514
154,791,020
—21.4
63,061,751
6,708,980
Y.—Albany.
Binghamton
Dec.
%
Dec.
1943
1944
Inc. or
1943
1944
Inc. or
York—
Reserve District—New
Second Federal
-Week Ended April 8-
—■—-3 Months Ended March 31-
$
Hiearmgs at—
«.
March
1943
•
Monday, April 17, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1592
594,932,960
—13.3
3,839,200
4,668,300
6.3
543,976,061
390,130,775
—
W&M+
District—Cleveland-
Federal Reserve
Fourth
cJI'rSqS
Ohio—Canton
Cincinnati
Cleveland
047400 036
943,40u,UJo
.
-
™2«,200
Columbus
Lorain°n
""
W929
Mansfield
isow'lM
Youngstown
JSSftjg
------.
Pittsburgh
1,312,808
832,859
1,168,092,980
•
13,163,720
Co.
Grecnsburg
Sri
Oil
City""-----"-
Ky.—Lexington
W. Va.—Wheeling
Va.—Norfolk
Richmond
B.
—
Md.—Baltimore
Frederick
D.
c.—Washington
Total (8 cities)—
Reserve District-
Federal
Sixth
1,252,000,115
—.
—
—
0.2
cities)
+
12.1
45,555,619
39,238,315
43,173,890
+
5.5
31,943,687
+
22.8
+
31.4
30,115,200
21,748,242"
+ 38.5
+
4.8
8,155,329,681
7,293,655,916
+
11.0
15,562,917
0.8
80,251,000
976,387,209
13,526,631
76,610,000
866,234,281
—
*
542,575,276
-
1,220,691
7,114,000
'64,025,466
2,102,914.
+15.1
+
4.8
+
12.8
10.6
+
0.3
29,542,049
28,822,356
+
2.5
4.7
43,857,207
41,808.415
+
.
60,046,447
1,940,938,945
1,753,575,512 *
+
4.0
2,125,162
+
17.1
7,327,000
+
4.9
502,336,716
448,356,232
3,235,771,351
1,185,255,796
+
5.6
3,596,803,043
2,468,122
134,612,667
125,737,269
+10.7
V
6,837,924
159,125,205
+12.0
38,923,464
39,407,968
+
11.2
239,123,804
243,072,978
35.7
8,810,092
10,799,403
103,188,449
+
+
16.3
31,424,828
33,197,908
23.0
131,600.000
111,100,000
2,456,838
2,253,071
10,551,562
204,630,339
19.8
1,847,500,000
1,502,400,000
0.1
30,246,748
28,717,550
+
5.3
9.1
+
+
26,004,701
25,529,012
+
1.9
5.7
24,671,795
+
2.2
543,292,957
+
20.3
+
25.2
—
—
+
11.3
25,210,650
653,809,893
48,109,041
+
27.0
724,448,578
61,353,078
63,916,128
22,986,672
20,138,169
13.4
+
14,704,229
197,082,484
22,547,891
12.8
+
6,749,672
:i
38,413,917
+
12,548,910
2.0
20.1
38,385,000
42,510,248
1.8
9,049,753
3,087,173
920,445
+
29.6
2,940,530
+
6.6
1,155,756,634
+ 15.1
5,349,468,811
—
2,365,604
+
1,578,258,868
9,248,778
+
7,686,224
4,932,113,042
5.1
9.3
"
18,467,545
12,792.316
7,545,728
6,203,276
+ 21.6
3.9 ?0 <!<*0
3,793,576
+
4.7
13,308,347
24,695,376
130,855,717
12,754,315
24,141,831
+
4.3
41,037,348
+
2.3
72,922,333
4.3
386,572,865
—-
Wayne
Gary
Indianapolis
South Bend
169,422,117
2,926,658
4,242,619
—
Oshkosh
_
i.—Cedar Rapids
Moines
*
75,848,104
3,066,262
2,751,489
2,198,580,036
9,057,018
25,277,005
Bloomington —
Chicago
Decatur
Ky.—Louisville
renn.—Memphis
—«.
III.—Jacksonville
•735,385,063
4,862,708
796,031
300,926,246
185,480.026
187,543.926
cities).
3,546,210
2,329*631
1,769^53 8
+
3,069411
+
7.6
+
33.8
17,360,605
10,687,352
+
29.2
+
17.5
36,405,658
66,973,680
+
13.0
+
8.9
365,667,362
+
8.7
+
21.8
+
478,339,487
+
0.3
2*7*67,777
17706.836
-T34
25,425~000
17,~59T000
2.2
2,560,889
2,054.752
3.9
7,491,093
6,190,254
~+~~7~.3
23,6327816
237608*,556
2,857,949
27485400
3,731,988
7,450,163
11.9
2465481
23i*57l"00O
3,652,701
+
7,748,643
—
9.8
427,301,589
6.4
32,995495
30,765~280
—
.
■■
\
2,272,391
+
8.9
7,583,821
6,993,176
+
8.4
24,739,295
+
22.4
1,231;217
+
14.4
13,548,919
13,176,195
10,652,881
202,168,998
99,972,924
176,645,246
85,324,900
2,186,766
15,382,470
1,531,410
30,282,805
1,838,363
9.8
17.2
8,288,421
6,675,417
4,917,303
4,101,494
2,556,590
+ 11.5
—
+
+
8.9
+ 12.6
0.6
2,906,471
2,924,037
9,243,271
8,042,260
+
14.9
5,810.720
+
33.1
547,641
423,671
461,176
**470*159
+ 33.7
7.'"2,2'*3
5,460,481,901
18,781,293
66,949,534
+
14.8
412,818,336
1,858,927
4,359,364
1,988,224
1,814,689
398,233,845
339,844,469
1,297,234
4,642,303
1,574,002
5,008,520
4,864,941
1,934,424
2.071,447
1,806,112
1,732,328
1,874,797
1,758,331
1.2
6,265,974,511
23,719,647
73,874,114
29,042,729
24,360,876
.'y. 2,635,587
427,293,365
9.3
+ 14.8
1.6
11,407,311,569
539,153,562
497,202,187
425,217,790
13,097,220,211
530,461,791
8.6
+16.2
152,600,000
6.1
115,500,000
5.9
15,968,032
2,698,620
933,894,594
587,241,397
.1,9.74,026,522
13,095,959
2,365,633
+
2,293,268,20#
143,800,000
+ 10.5
'"+21.9
62,534,398
32,719,883
57,794971
+
8.2
46,"271~247
6.3
32,531,192
+
+
+ 32.8
+
2.7
+
8.3
—
6.3
—
1
+
;+
+ 22.6
+
6.0
—
1.1
25,439,534
23,176,181
2,606,139
546,959
+ 10.4
1,731,371
4,527,000
+ 16.9
14,729,000
11,228,000
+
7.6
'
3,849,471,282'
+
-v
3.400,551,622.
26.3
+
10.3
+14.2
5.1
1,603,519
+1.1
■
+
+
-
7.3
11.2
—
^-m
14.1
+
870,201,752
603,917
1,234,587,933
+
—
4.6
3.0
—
528,214,652.
1,419,104
1,328,850,585
3,630,270
32.7
4,0*3*4*582
4,074451
+
5,290,000
*
__—
—
40.4
5,664,312
18.4
12,303,042
39,305,242
12.5
5,150,733
Independence
417,531
12.1
812,325,716
...
516,016
>
19.6
319,024,003
—1
+ 59.5
546,390
.
+
7.8
—
—
Eighth Federal Reserve District—St.
Cape Girardeau
200,383,824
871,595
77,244,794
+ 16.5
4,234,639,491
24.757,013
+
976,190
Total (31 cities).
260,718,314
V'/+ 3.7
J
^
+
4,224,365,339
3,309,255
—
Sterling
v:
7,318,084
6,877,883
4,586,078,826
10,183,906
Rockford
8.4
311,560,546
11,486,688
1,004,390
Peoria
152,249
44,499,866
337,816,325
8,224,329
6,818,337
-
213,581
60,411,007
+
21.4
+
41.817,360
5.8
28.6
—12.7
259,731
67,462,586
+
12,880,377
24,610,644
9,401,408
8,863,845
1,016,719
.
202,028
2.5
-+,15.3
5.4
10,044,684
69,654,188
33,184.652
1,125,551
2,976,717
2,058,208
2,011,290,075
1,073,784
1.—Aurora
7.9
0.8
+ 24.9
831,989
37,350,633
—
2.438,953
+
2,824,987
Ames
26,087~078
4,531,061
4,026,361
927,585
,
—
35,*427*643
2,343,300
2,574,521
11,024,021
Watertown
"+3*1*4
xy +4.2
108,724,722
26,197,786
+
I,463~074
4,691,322
50,940,038
1.3
1.763" 504
33,28 lT 296
101,776,948
28,769,316
+
2,332,512
4,888,620
+ 18.3
9,942,199
160,094,201
1,683,894
9.0
43,743^353
—10.7
37,108,849
33,123,687
10,075,584
Haute
44.4
—
136,735,685
14,918,377
17,644,700
7i&.—Madison
+
+
4.0
+
70,240,458
13,238,749
52,606,852
22,422,073
12,557,912
74,600.000
14.1
59,311,405
4,202,419
20,443,299
95,900,000
25,090,000
22.837,283
5.4
3.925,411
28,862,491
18.5
24,932,000
+ 12.5
—
6,344,515
5.3
+
+ 22.6
—
+ 11.1
—13.6
20,743,380
23,332,098
%i, y
33,000,112
159,687.673
+ 25.1
4,404,706,088
1,862,404,447
%
1M2,012
—
2,868,334
1,002,169,944
1,618,546,199'
35,769,663
191,683,291
35,938,023
+
33,972,787
374,777,484
1.2
1.6
—
—
1,932,865
43,245,101
+
9,118,184
—
1,547,739
78,208,169
~+~~5~0
—
35,575,000
+
12,643,000
101,198,204
—
y
+ 38.6
522,762,427
—10.0
—
8,707,759
1,814,744
6.6
41,932,669
47,153,408
+
7.2
+
447,971,435
9,137,005
6.6
—14.8
4.9
521,131,063
Muskegon
Total (7
11.8
+
-
+
—
3,977,401
Qulncy
824.984
% 4,174.000
38,837,145
4.3
+ 31.9
658,288,186
-
Louis
826,272
4,921,000
2.0
140,026,222
Lansing
Uo.—St.
+ 11 6
+ 30.7
11.7
8.8
Grand Rapids
Springfield
1,093,774
5,444,000
+
+
2,949,292,435
34,632,087
+'
City
347,895,071
3,293.472,028
18.7
+
45.7
Federal Reserve District—Chicago2,485,651
lich—Ann Arbor
1,724,983,438
Detroit
7,994,061
Flint
Sioux
429,487,795
7.1
Seventh
Des
+ 10.7
2.504.452
3,032,015
Manito,woc
490,347,572
0.4
—
4,125,206
2,971.983
—
307,186,475
10,681,311
15,811,121
.
Orleans
Sheboygan
139,803,644
12.1
+
110,054,296
4,008,724
7.5
1,193,154
399,454,849
Vicksburg
Milwaukee
179,859,423
+ 44.2
+
Meridian
Terre
6.7
60.2
18,488,035
+
4,872,336
250,243,504
20,299,411
7,612,544
12,900,000
15,070,595
Miss.—Hattiesburg
City
+
2.8
26,652,089
123,329,539
+
"
Mobile
Bay
212,795,146
6.1
+
—14.8
27,166,000
16,363,096
ud.—Ft.
227,136,155
+
42,803,857
+
Tampa
Jackson
3,987,178
38.4
25,697,468
43,981,927
232,052,845
Ala.—Birmingham
(16
2,126,767
2,932,453
+
27,256,410
7.7
31,893,916
—
—-
Fla.— Jacksonville
Total
2,147,266
+ 12.5
3,115,913
5.1
167,064,330
541,500,000
Macon
La.—New
+ 65.2
3,068,066
33.4
10,551,371
8,304,588
8,210,794
—
_—,
Montgomery
2,038,588
5.2
46,467.054
Augusta
Jackson
2,367,660
3,451,144
20.3
+
181,748,627
648,900,000
Nashville
Columbus
12,829,100
+
10,343,829
-Atlanta—
Tenn.—Knoxville
Da.—Atlanta
12,231,100
189,855,400
10,878,054
4,313,009
—
2,723,120,451
939,595,047
10,713,964
15,162,074
684,872,299
2,489,047
166,803,372
'
C.—Charleston
Columbia
14,376,600
228,364,000
+
6,673,824
7,778,428
-
15,341,100
2,719,619,048
7.3
+
16,910,694
5,408,312
26,956,000
117,245,174
+
District—Richmond—
Va.—Huntington
W.
68,548,483
151,624,077
3.6
'
'10,218,137.
,
2,853,847,378
Reserve
Federal
Fifth
•
—
(17 cities)
Total
77,592,619
169.748,245
—
1,090,416,961
12,909,025
8,800,241
85,017,180
186,061,758
+
774,431
16,181,553
-
104,507,818
+
+
1,540,288
3,354,725
3,100,857
3,303,747
3,709,641
11.7
—11.6
2,437,857,187
—14.4
43,671,479
Toledo
Pa—Beaver
+ 25.5
...
/.
+22.0
+
31.2
+ 13.2
34,914,948
I,*151* 000
~~9~0*3~66o
249,005,281
237,412,919
—
-
■
43,248.528'
26,27.1,223
"+2T.5
1,015,000
770+000
4.9
195,317,439
170,022,751
+
Volume
" Number 4273
159
THE COMMERCIAL & FINANCIAL
CHRONICLE
-Month
of March
1944
Clearings at—
1943
Inc. or
$
"
1944
Dec. c/o
$
1943
-Week Ended April 8Inc.
S
.
Federal
Reserve
District—Minneapolis—
17,634,471
638,271,929
2,294,878
172,940,411
Minn.—Duluth
•'Minneapolis
Rochester
St.
+ 10.0
1,813,339,990
+ 18.1
6,950,384
196,088,193
—-11.8
593,414,048
Grand
+
2,476,919
497,411
14,745,450
—
—
15,295,450
Forks
2,518,000
1.7
+
441,526
47,381.534
1,487,254,080
+
5.3
: +
21.9
Sioux
Great
6,161,660
1,482,076
1,252.888
39,364.450
Tenth
1.7
+
7,839,000
5,396,000
6,445,269
4,221,387
17,982,375
14,479,187
14,675,195
+
7.8
43,145,823
40,841,188
1,275,514
+ 14.1
3,512,630
4,347,707
+ 27.1
4,615,370
16,991,184
5,695,436
22,272,230
422,154
871,266,657
District—Kansas
-
958,656
Lincoln
19,Yl9*560
Kans.—Manhattan.
1,015,511
1.2
+ 38.3
17.678,191
15,947,551
61,567,443
58,948.649
4.4
1,253,107
1,133,728
4.2
2,692,681,222
2,266,336,591
+
920,698
4.1
2,850,650
2,562,594
57,446,684
+.
48,482,554
3,672~612
159,537,734
173,551,001
136,693,895
100,866,170
8.1
—
1,018,043,524
11.2
196,445
187,700
+
7Y8.5
335,805
319,700
+
5.0
4,570,282
"200,000
4,083,703
166,540
+
11.9
75,862,324
3,273,018
69,365,224
2,996,786
+
9.4
43.350,687
38,084.663
2,412,721
+
858,203,63 6
3,432,892
+ 18.6
3,101,886
34,329,297
+ 14.9
T
--4,139,000
4.7
139.334
+10,7:
:
3,818,704
39,436,750
2,781,952
4,230,929
11,299,734
2,119,194
5,704,138
4,528,716
3,497,913
9.2
168/^1,777
+ 28.1
172~7~3lf,773
6,532,423
128^567^565
5,540,053
103j)"93~26a
4,028,678
3,021,775
1,058,397
1,044,646
641,656
1,076" 5 75
621/57
79~2"617
187,873,595
154,830,538
26,457,994
101,035,423
12,066,116
10,925,198
9,664,457
+ 13.0
2,505,119,594
2,294,210,779
95,220,388
74,314,538
.
+ 40.2
3,436,158
862,612,419
26,638,009
30,327,264
—
737,333
Springs
586,260
3,014,628
54,456,166
4,535,285
159,634,074
146,590,021
14,688,938
+
2,273,318
54,678,392
Okla.—Tulsa
12,945,600
5,103,508
263,356,007
4,170,695
+ 32.6
8.9
+
+ 13.5
230,550,172
741,024,506
623,704,848
+ 18.8
3,467,347
1,632,682
12,266,896
10,484,595
+ 17.0
2,005,408
6,405,747
4,844,040
+ 32.2
1,671,329,301
1,583,637,928
4,774,364,596
4,201,917,279
Pueblo
•-
•
122,60!
7.7
•—
3,783,624
Denver
1,742", 181
4.4
1,346,950
32,136,132
Wyoming—Casper
1,084" 120
4,"107" 615
+ 10.9
+
877,796,677
—
Mo.—Joplin.
Colo.—Colorado
988! 811
4~139~878
+ 18.8
1,092,856
+ 10.5
11,110,720
-
-
12,302,625
City
St. Joseph
Carthage
1,463,507
+ 15.2
"
1,283,282
,
Topeka.
Kansas
"Vol* 9 6 5
+ 24.2
+
—12.0
—
18,894,897
335,813,985
1,178,186
362,554,627
Wichita
Y"l21~320
+ 31.4
12,285,697
Hastings—
Parsons.
25,430*330
City—
Neb.—Fremont
Omaha
37,243^736
4 52.7
9.7
907,739,381
Reserve
2,846,830
65,008,971
+ 45.3
+ 20.5
403,758
Federal
3,021,428
89,166,832
+ 13.7
+
5,695,436
cities)
$
+ 18.3
44,753,652
1,532,932
19,598,235
(16
3,796,095
116,551,339
+ 19.2
7,346,922
3.0
5,442,932
Lewistown
Total
3,791,357
109,074,631
1941
$
+ 13.5
5,008,429
Helena
1942
l,Tl7~446
522,885,354
1,455,453
Falls
or
Dec. c/o
+ 33.7
15,819,227
Falls
Huron *
Inc.
3,~4l¥,461
5,272,608
.
+ 10.4
—
2,450,000
1943
$
1,846,711
D.—Aberdeen
Mont.—Billings
■
1944
5,972,711
Minot
.•
49,994,453
2,518,762
Fergus Falls
D.—Fargo
6.
5.5
580,187,165
1,943,732
—
Paul
Winona
N.
10,721,572
or
Dec. Vo
f
Ninth
1593
-3 Months Ended March 31-
'
Total (17 cities).
'V.1'v'yr
Eleventh
Federal
Reserve
14,624,582
+..,
14,406,448
El Paso
Worth
Arthur
Wichita
(11
Twelfth
3,984,986
+ 24.9
165,972,672
44,158,000
1,266,667,536
13,723,475
5,947,741
5,493,289
+
8.3
2,387,420
cities)
10,769,339
147,215,902
1,028,357
1,098,912
4
,"342" 391
To.i
4~5~01~619
3,112,702
9.1
88,301,569
77,238,180
5.3
59,322,168
1,190,564
51,129,642
6,782,223
3,232,804,171
—
0.1
+ 32.4
2,756,544,498
+ 17.3
126,905,270""
116,329,370
11,052,297
1,127,555,544
1,100,411,051
2.5
83,714,363
25,946,107
+ 29.7
8,326,863
+
3.4
2,085,271
24,605,267
21,535,647
1,568,755
+ 14.3
2,405,000
+ 28.3
8,619,000
6,172,000
+ 39.6
346,531,813
8.4
901,93§,637
1.6
948,870,334
19,389,240
363,104,274
5.5
95,578,085
—
6,881,338
123,736,915
121,831,680
29,586,907
9.481,098
8.7
—
+
—
6,348,011
8,871,566
+
21,119,832
+
78,304.776
49.4
30,653,474
18,724,719
+ 37.6
47,118,177
138,538,482
37,312,436
+ 34.2
5,904,191
+ 26.0
23,899,079
16,655,158
18,763,976
14,430,635
+ 30.0
56,789,883
40,579,596
+ 39.9
4,690,262
+ 33.4
18,067,620
13,097.739
1,230,747,437
20,542,936
1,117,489,947
+ 10.1
3,525,116,237
3,025,770,480
17,191,145
+ 19.5
61,809,222
8,377,826
51,457,606
5,629,975
+ 48.8
19,034,248
cities)
16,032,664
+ 57.3
16,156,915
+ 17.8
25,211,525
56,023,444
49,153,178
+ 14.0
,
.
.
■
3.3
+
6,607,945,291
43,066,712,494
23,497,962,963
+ 12.9
22,203,814,341
5.8
+
67,597,450,730
\
Company and
1st
&
1st &
and
list of corporate
stocks called for
common
including those
called
bonds, notes,
redemption,
fund provisions.
under
sinking
The date indicates the
redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details
Company and Issue—
Fund,
Inc.*
given in the "Chronicle."
were
.
4%
debentures
1949-1950
Southern
Aug
—
Chemical
Co.,
—May
Inc.—
1
1441
1
1
May 10
income bonds, series A——„i—May 10
income bonds, series B—
May 10
Bangor Hydro-Electric Co., 1st mtge. 3%s, due
1966—.July
1
Baumann (Ludwig) & Co. Warehouse1, L. I.
City, 1st mtge.
6 V2 r/v
serial bonds
;
—May
1
Eayway Terminal Corp.—
—
inc.
2nd mtge.
bonds due 1957
Co., $4.25
preferred
-Apr
.
stock—
Canadian Canners, Ltd., 1st 4s, series A, due
1951,
Canadian Pacific Ry.; 5% collat. trust bonds due
May
May
1954—Jun
&
Ohio
leasehold sink,
Inc.
bonds, series D, due 1996
fund 5'/r
Trailer
Store
Co,
5%
Products
Collateral lien 6 %
preferred
stock
1442
1346
1
1
1347
836
1
1348
1
1349
J037
2,934,214
1,626,825
2,681,294
451,509,585
414,952,897
313,097,333
267,650,817
8,605,840,417
+
6.3
6,264,332,395
5.453,430.744
4,001,794,057
July
3,690,926,444
+
8.4
3,287,098,101
2,687,736,329
8.8
+
bonds due
Page
1
1148
Jun
—
bonds
due
serial notes due
1
DIVIDENDS
8
May 31
1946—1
1
1
1447
Dividends
1447
-^.Oct
May
937
May 1
Apr 19
1950—
1
1288
1355,
1963
May
1355
1355
1355
1
1449
1
1449
1
1288
1
first
we
are
grouped in two separate tables.
In the
bring together all the^dividends announced the
current week.
Then we follow with a second table
in
we show the dividends
previously announced, but
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
and Investment News
Department" in the week when
declared.
which
1288
England Power Co. 1st mtge. 3V4S, ser. A, due
1961-May 15
Niagara Share Corp. of Maryland, 5V2% debentures
Apr 24
1044
Minnesota
Transfer
Ry.;
1936
1st
gen.
mtge.
-Jun
—
North
Penn
■
v
The dividends announced this week
•;•
Per
Name of Company
1st mortgage & lien 5V2% bonds due 1957
Oklahoma Natural Gas Co.—
'
are:
Industrial and Miscellaneous
Companies
"
Gas Co.—
1st
mtge. 3%%
1st
mtge. 3 r/r
May
bonds, series B, due 1955--,,—,;
bonds,
1
When
share
bonds due 1970
6
1451
6
1451
American
May 16
1451
Associated
Apr
1451
Amer.
May
May
26
3 7o
debentures
Pittston
Republic
due
St.
Co,
Steel
due
class
A
Corp,
1956
gen.
mtge. 4^/2 %
—
Apr
1
1961
1
1389
1
1389
1389
bonds, series C,
1
1290
1
"
Jun
1
stobk——_!2—Apr
30
—
—
1446
1250
936
Squibb (E. R.) & Sons, $4.25 preferred stock
Superior Oil Co. (Calif.), 3debentures due
Universal
Pictures
Co, Inc., 5r/n conv. debs,
Van Raalte
Co, Inc., first preferred stock
"Announcement in
this
issue.
May
1
1856
due
.-May 1
1S50—Apr 24
Payable
$7
Bon
Jun
1
Ami,
class
A
regis.__
(quar.),
—1——
(quar.)2
B
(quar.):
Fisheries Corp,
Traction
2-
Trust
Pipe
Line
Butler
Canadian
5%
a-18
30c
5-
1
4-18
19 l/10c
4-13
3-21
40c
5-15
4-25-
4°c
4-14
A-
5-
1
4-14
$1.75
5-
1
4-14
4-29
4-15
4-15
1
4-21
6-15
4-27
25c
5-
1
4-20
5-
1
4-20
(interim),
$1
common
(quar.)
Co.——1—2
4-15
$1
20c
-Mines' (interim) —t5c
;
,5'
.
$6.50
4-
7
l
5-19
"5-" 8'""
4-22
50c
4-11
4-
5-15
4-29
7.
-
(quar.)
preferred (quar.)—
t$1.25
1,
J
4-21
-6-15
25c
21
Bakeries, Ltd.—
preferred
8
4-29
6-
1
4-29
S1.62V2
5-
1
4-15
•Chain Store Investment
Corp.—
•-
4-5
5-
$1,50
Manufacturing
partic.
1
15c
Byron Jackson Co
1291.
5-
(quar,)_
Y.)
+Buffflrlo~-Ankerite-;Gold
1391
1391
4-18
37'/2c
$1.25
Light & Power
(N.
1
62V2c
preferred
Broadway Department/Stores,
Bronxvillc
5-
$1
;
$6
5% preferred (auar.)_
Brockton Gas Lights
Buckeye
682
ordinary
(quar.)
Class
Booth
of Rec,
4-25
30c
Industries—
rets.'for
Electric,^common
preferred
Holtfer*
50c 2
25c
—
&
Company (quar.)
!
Beverly Gas & Electric (irregular)——,—
1390
♦-
„■
iquar.)!
Best
1290
.
Co.
Electrical
deposit
Brazilian
May
—
Shamrock Oil & Gas Corp,
preferred
Simmons Co;-,-4 lU debentures, due
1452
29
Louis, Rocky Mountain & Pacific Co, 1st mtge.
5s_May
Jose Water Works, 1st
mtge. 33A% bonds, series A,
due
1389
Stove
Birtman
——May
stock—
1451
1
debentures due 1962-May
1963——.
preference
6
May
——
American Coal
Co,~of Allegany County
American Light &
Traction, common (quar.)
6%
preferred (quar.)
;
Avenue
trust 3 lA %
1388
-1952———2—_2—~iMayT5-
1
1961—May 1
May 22
Jun
1909
mtge.
Philip Morris & Co, Ltd, Inc., 3%
Co.—
bonds, .due 1945
142,320"660
9,146,687,625
mtge. inc. bonds—May
3%% bonds dated
San
May
Graybar Bldg.)
1st mtge.
gold bonds, ser. A, due 1946_Jun
debentures due
12.7
19.1
+ 13.2
—
(The
Firestone Tire & Rubber Co, 3'+
+
Building 2nd mtge. 6% bonds.———May
Pacific Electric Ry, 5% collat. trust bonds due
1957
May
Pennsylvania Water & Power Co. ref. mtge. & collat.
28
conv. preferred stock
—May 10
..Coy•5.Vi!.ye.:.convJ._pfd^jtock—^,,Jun JO
Offices,
6s, due
bonds, series C, due 1956
ref. mtge. bonds, series
A, due 1953
One Park
Ry-.—
Ref. & impr. mtge. 3 Vt %.
Collins & Aikman Corp., 5%
Cuban American Sugar
2,902,188
series C, due 1956—__—
$5.50 convertible prior preferred stock
$3 dividend preferred stock
mortgage 6«a
20-year 6%
3,769,531
1944-1948-i—2—-May
929
'2nd mortgage 5%
Beatrice' Creamery
4,157,371
2,801,665
1,361,582
t
1441
bonds
„
3,821,915
1,483,620
New
1345
1441
v
mortgage series C 4%
ref.
mtge. 4%
4%
Corp,—
debentures, due 1949—_———
Edison
166,"359*000
1,904,793
Mayflower Hotel Corp, 1st mtge. 5% bonds due
1950—May 1
McCrory Stores Corp, 3debentures, due 1955
May 1
Metropolitan Playhouses, Inc., 5% debentures due
1945—Apr 17
Michigan Consolidated Gas Co.—
RR.—
,
I.-G.
mtge.
Minneapolis & St. Louis Ry, 4%
1st mortgage 3V4%
bonds, series A, due 1967-2
-May 1
Ambassador Hotel Co. of Los Angeles income
mtge. bonds Apr 18
American, British & Continental Corp., 5% debentures
..due 1953.
conv.
203,688,890
5,370,970
Date
bonds dated
Marcy, 1st mortgage leasehold 6%
1st
cue
,-May
Alabama Great
250,701,000
Litchfield & Madison Ry, 1st
mtge. 5s, due 1959
Macy (R. H.) & Co, Inc., 2Vic,c debentures due 1952
Date
,
convertible
3,48 9*3 7 6..
Issue—
Hawaiian Irrigation Co, Ltd, 6%
River Day Line, 1st
Hudson
Illinois Power Co.—
Helices
preferred
4,727,084
3.48L309
1;
Redemption Galls and Sinking Fund
a
6,411,799
3,~128~205
+
59,732,326,002
"Estimated.
Below will be found
7,~174~210
3,956,403
+ 16.5
116,167,216,561
10,256,612
+ 20.1
5,864,291,912
138,308,170,725
+ 63.7
.
cities)—48,613,848,631
Outside New York
+
'2,192,416,446
2,264,398,371
*
Grand Total (187
40,05},632
17,579*826
+ 37.9
-
(19
50,710,943
18,556/15
+ 43.5
6,256,779
-
76,719,464
+ 26.3
103,219,650
1,110,924
25,207~344
+ 22.1
+ 26.5
+ 32.9
65,423,053
8.7
12,461,706
—
24,027~804
8.2
—
333,923,928
5.2
37,130,302
Barbara
Chesapeake
+
17,148,919
Francisco
Affiliated
+ 24.6
46,952,990
Stockton
+
88,390,963
20,014,249
6,285,449
Jose
Grocery
"+26~,2
4,348,746
50,326,789
7,436,837
Total
;
1,077,407
+ 21.7
+ 15.9
27,957,313
San
Fruehauf
2,187,000
1,359,318
15,149,631
30.8
3,085,000
city
San
Eastern
7,555"50
2,338,000
+
•'+17.9
-
Pasadena
t.2nd
9^48/64
+ 21.5
10,492,211
,—11.4
Riverside
1st
"+~~7T
2,855,000
+
317,481,069
-
Eeach
Santa
,r
11,755,054
3,570,000
+ 16.5
8,610,345
Berkeley.
Arizona
12,588,011
+ 29.3
7,926,674
Modesto
5Va%
12.7
34,152,000
3,500,231
Calif.—Bakersfleld /
American
11797.83!
61,486^222
427,992,851
Otah—Ogden
...
2,048,879
68/736^010
" 4,055,920
Ariz.—Phoenix
•
+ 11.1
2.3
TV.3
District—San Francisco—
Portland
i
1,012,596,337
3,083,357
93,"216",161
9,341,645
Lake
+
3,154,195
379,101,669
Ore.—Eugene
2.4
1,086,965,182
6,780,709
6^,614,882
+ 119.5
.1,124,814,875
Federal Reserve
+
101,885,000
+ 18.1
18,430,854
—35.4
23,633,576
Ida.—Boise
:
5.8
+
1,541,501
,
Seattle
Long
115,782,922
+ 10.4
'-Yakima
i
136,692,389
+ 25.1
..
Wash.—Bellingham
_
6.2
11,737,000
...
La.—Shreveport
(
17.8
4,976,778
Falls
Total
264,302,192
0.3
+
53,060,444
■
Salt
+
397,794,317
—.
Texarkana
271,480,642
+ 14.4
25,639,909
1,232,218,169
14,679,000
.
Houston
.
31,819,560
25,704,449
1,451,645,628
—
439,106,389
Galveston
Port
36,413,577
6.0
+
45,391,316
56,162,159
1.5
+
+ 10.7
9,025,946
458,545,832
;j ;48,206,399
.
8,480,854
507,455,896
Ft.
13.6
District—Dallas—
iJBeaumont.
„
+
1
Texas—Austin
;
5.5
+
.
ft : Monday, April 17, 1944
ft
ft >
FINANCIAL CHRONICLE ;
THE COMMERCIAL &
1594
•*
Louie Ry.—
Cleveland Cincinnati Chicago & St.
preferred
5%
Breweries
Coast
25c
Foods,
Columbus
Telephone,
Electric Co.,
Concord
4-10
4-15
4-
preferred
6%
4-20
Rockland
4-20
6-
1
5-15
"■
60c
Dividend
Shares
Dixie
Class
.
Co.,
Cup
7
■.«.,.
4-15
5-
Cleaner—
(increased)
5-
Haverhill
Harvill
Horn
E.) Co. (quar.F
Electric Co., 6% pfd. (quar.)
(George A.)
& Co., common
(quar.)
common....
Corp.,
preferred
67c
:
4-15
4-'7
United Light & Railways—
1
4-14
1
4-22
4-17
4-15
4-
4-20
4-11
,
4-15
4-10
4-29
4-25
5-15
5-
1
4-14
4-
8
3-10
1
4-
$2
3-31
4-10
3-31
6-
1
5-15
1
3-20
7%
50c
5-15
4-29
West
$1.50
5-15
4-29
Western
1
5-15
4-15
4-10
6-
45c
$2.50
75c
5-15
V 5-
5
75C
4-15
4-
4-25
1
4-15
55-
4-15
dends
5-
4-21
$1.50
5-
6-
5-15
10c
5-
4-15
5-
4-15
20c
Name of Company
6-15
Abraham
3-20
Air
8
10c
4'-10
4-
2c
4-15
3-31
'8c
4-30
4-
5-20
4C
4-30
1
4-11
.
~5-
50c
6-
5-
$1.50
7-
6-17
9
American Can
4-15
6-10
5-26
5-
5-
1,
1
4-21*
25c
10c
4-
1
3-20
Light Corp.—
7
$3 conv. class A optional dividend series
- 7.
32
share of class B stock or cash
75c
American Dairies, 7%
preferred (quar.)™7
$1.75
American Envelope, 7% pfd. A (quar.)~—$1.75
7% preferred
(quar.)
:
$1.75
7% preferred
(quar.)
——
,,$1.75
American Home Products Corp. (monthly).J7; ', :.20c
————-—
4-14
4-
8
30c
4-15
4-10
25C
5-
1
4-18
$55'/2c
6-
1
5-
.——
1-
___■
Ltd
3-31
3-30
3-31
3-30
$$1.62'/2
$1.50
3-31
3-30
4-15
4-
50c
4-20
4-15
50c
—
6-15
6-
$1.75
5-15
4-29
4-15
5-
1
$1.50
5-
1
$1.50
5-
Corp
4-15
4-15
Anaconda
3-10
20c
6-15
5-22
4-25
4-15
(quar.) —
Anglo-Canadian Oil,# Ltd. (interim)
-™
Anglo-Canadian Tel., 5 Va % pfd. (auar.)_—
...ft
(quar.)
preferred
75c
6-
5-
5-15
25c
1
4-15
1
4-15
5-
1
4-21
5-
1
4-21
(s-a)—
New Fnciand
$$1.50
A
*
Fundof beneficial interest
-5-
1
4-15
$1
————
class
Rayon,
Bedford
Extra
5-
1
4-21
—
(quar.)_
15c
5-1
4-20
Brake (omar.)
—
North Boston Lighting Properties—
Common
v.t.c.
(irregular)
—________
50c
6-
1
$2
Air
preferred
75c
(quar.)
(quar,)
Tire & Rubber, 7 7c preferred (quar.)
Nunn-B"sh Shoe
5 77
preferred
4-10
4-15
4-11
7-
1
6-20
1
6-15
$1.62 Va
873/2C
Northland Grevhound Lines. $6.50 pfd.
Nor walk
4-15
$1
(quar.)
Philadelphia Trust Co. (PMla.)
North
4-10 7
4-15
7-
class
Class
B
preferred
Johnson &
American
Pleasant
(s-a)
Public
Service Co.
6%
4-29
Blue Ribbon Corp.,
4-26
5-16
6-
5-
1
1
of Colorado
4-11
4-17
4-
5-10
4-26
Brewers
™.:5-15_-...74-25
Extra
$2C
—
F»0G
.
5-15
3
4-25
41'Ac
5-
1
4-15
15c
5-
1
4-21
$1.50
(quar.)—T_
5-
1
4-21
Brandon Corp.,
$1.25
Property Trust (quar.)___„
(accum.)——
class A
British
6%
(quar.)— —
—& Distillers of Vancouver, Ltd.—
—
—
—
1
?" i;
4-20
4-29
4-15
Bullock's Inc.
Butler
4-21
5- 1
4-21
4-15
6- 1
5- 1
,
4-15
4-11
4-28
4-14
6-30
4-10
6-30
4-20
,
$1
$1
62'/2c
4-15
4-18
4- 4
4-25
4-25
4-10
4-28
3-31
6-23
5- 1
4-25
5- 1
7 4-19
4-29
4-29
16c
$1.50
s
1-
5-1
5-20
4-20
6-30
15c
5-15
$50c
5-20
5-20
..
4-20
4-20
Columbia Telephone"—_
2nd oreferred
(Los
Brothers,
—$$1.50
(quar.)_____
Brooklyn Union Gas—
10
6-15
$10c
Braniff Airways Inc.
5%
.
7- 1
——50c
16c
Co.
Boston Personal
4-15
-
———:
(quar.)
Boston Fund, Inc. (quar.)
4-29
- •
(quar.)—
Edison
$5
common
(quar.)—
B
Boston
5-24
7c
22'/2c
$62'/2c
5% preferred (quar.)i___
Boeing Airplane Co
^
Bon Ami Co., class A (quar.)
10c
Tin
Lierht- Securities,
preferred
pfd. (quar.)_
Bensonhurst Nat'l. Bank (Bklyn.) (quar.)—_
Biddeford & Saco Water Co. (quar.)
& Hedges, $2 conv.
Benson
Class
7y2%
_________
(quar.T-^i'zfi.'—^
(quar.)___
Bloomingdale Brothers, Inc
4-29
Electric & Engineering—
conv.
class A
5-15
Co.—
preferred A (quar.)_______—
RpUonee
$5
&
Paper,
5-15
25c
RaPwav
Bathurst Power &
4-15
$$3
5-15
■.
75c
12'/2c
$1.50
$25c 7
50c
$1
$1
National Assn. (quar.)—
of California
4-29
(irregular)
Gold Mines (interim)—
Procter % Gainble
Bonk
(quar.)—
Rubber Co—
Baldwin
4-15
_________
Wine—
Porti,'"'ese-American
Powell Roiiyn
(irregular)
Badger Paper Mills, 6% preferred
Babcock & Wilcox
68%C
scares (final)
Valley
'
—
20 %c
preferred
6- 1
7c
'
Common
12'/aC
Ontario & Quebec Railway
Pinchin.
1
Common
——
—________________
5- 1
5- 1
5- 1
4-24
4-22
4-5
4-20
4- 3
4-15
5-10
5-1
5-1
Ang.).
5%
—
pfd.
(quar.)_
common
convertible preferred
(quar.)
Byers^ (A. M..), 7% preferred (quar,)—;
25c
$1.25
15c
37y2c
$1.75
5- 1
4-15
5- 1
4- 3
..75- 1
4-12
6-15-3
6- 1
5- 3
5- 1
4-18
1
9-
1
8-15
1
11-15
4-
4-15
5
1
4-25
4-20
4-15
1
4-20
5-
5-
4-10
5-10
6-
12-
5-15
1
1
"
2
11-
5.15
4.20
5-15
4-20
5-15-
5-T
4-15
1
5-
$1.63
$5c
-3-31
4-15~
4-15
,5-15
4-29
$$1.50
$$1.50
a.—————$$1.50
6-30
:
——
5-
6-25
9-30
9-25
12-31
12-25
—
Co.—
$1.50
preferred
7;
ft-
,f
5-15
1
;$ 7'
•
■
——37'/aC
5-
1
4-
4
7;-$1.50 partic. preference class A (quar.)—..'7 37'/2c
Consolidated Dry Goods, common
—_
50c
Consolidated Edison (N. Y.), $5 pfd. (quar.)
$1.25
Consolidated Laundries, $7.50 pfd, (quar.)_
$1.87v3
5-
17
4-
4
5-
1
3-30
5-
1
3-31
20c
6-
Class
B "'(quar.)—
Common
.__
(irregular)
Consolidated Natural
;
—
—
——
50c
Royalty Oil Co. (increased)—
Consolidated Vultee Aircraft Corp., common.
$1.25 convertible preferred
(quar.)——_
America———————
60c special pfd. (s-a)_
<quar.)___
Seal Co., Inc. (irregular) „—
Seal, Ltd. (quar.)—————
Products Refining,
Cork &
Crown
Crown
Cork &
Crown
Drug Co.
Cudahy "Packing, 6%
7%
preferred
RR. (semi-annual)—
7,
1—7
Press,
4'/a%
.
7
37 %>c
$1.12'/2
25c
common—_—————
(quar.)——
preferred
10c
10c
10c
..
—
—————
—
(quar.)——7_
(quar.)_
25c
50c
(quar.)——7——
'
De Vilbiss Co., 7% preferred (quar.)———
Deerfield Packing Cprp. (stock dividend)__—
Dennison Mfg. Co., $6 conv. prior pfd. (quar.)
8% debenture stock (quar.)—*
—,
Dentist's Supply Co. of New York—
.
.
$2 preferred A
Common
Common
preferred (quar.)
preferred (quar.)
preferred (quar.)
75c
75c
7
—
$1.75
$1.75
—
5-
5
4-18
4-10
4-18
•4-10
7.5-
4-21
1
3-31
4-25
74-18'
4-10*
1
'
4-14
5-15
74-15
i 4-25
6-30.
.;6-19
5-
17
74-20,
5-
1
.
•
4-20
8-25
s
8-15,
5-25
5-15
11-25
11-15
,'5-
:
4-29
1
1
6-15
6-
4-20
4-10
7 4-25
4-10
4-10
4-25
3-27
4-15
17'/2c
2%
75c
$2
—
——
5
5-19
1
5-20
4-29
5-
,
■4-15
4-18
1
4-18
5-1
ft
5-15
6-
1
9-
1
8-15
12-
1
11-15
7—1_—_7_7—._77-.;77;™' 75c
(quar.)
(quar.)
(quar.)
Common
_
6-
$50c
$2
$3
$3.50/
4-15
4-15
7 5-
5-15
77';,5c'
(s-a)——_—;—i——77-
Extra
Cuneo
.
preferred (quar.)— —
preferred (s-a) _—'—
Port Clinton
&
Culver
60c
65c
25c
—
Forster, 8%
Crum &
$2
.
common
4-15
•
5-15
3114c
25c
30c
;£• $2 preferred (accum.)——7.
Corn Exchange Bank Trust Co. (N. Y.) (quar.)
Corn
5-15
.
4-25
6c
50c
Rubber Co.,
Converse
1
5-15
50c
—-—__—
_——
Container Corp. of
4-15
5-1
Gas-
(initial s-a)
Common
v
—
5-15
6-
12-
7
(quar.)
—
Consolidated Chemical Industries—
6%
7%
25c
(s-a)
$1.25
(quar.)
Oklahoma Natural Gas, $3
$5.50
preferred
37'Ac
(quar.)—
AA
4- 7
v/77X
Line RR.—
non-cum.
4-29
O'Connor. Moffatt h Co.—
$1.50
4-17
25c
—-——
9-14
75c
Connecticut River Power
4- 1
4-15
5- 5
$2.50
Atlantic Rayon Corp., $2.50 prior pfd. (quar.)
62'/2c
Atlantic Refining Co., 4% pfd. A iquar.)—
$1
Atlas Powder Co., 5% conv. pfd, (quar.)—— v
$1.25
Ault & Wiborg Proprietary, 5'/a% pfd. (quar.) $$1.37'/2
Avondale Mills, common
—_
7c
5%
20C
Co., common (quar.)—_
(quar.)————
a—v
Quarterly
Quarterly
4"15
__l_:—
6-14
4-20
preferred (accum.)— —
(Toronto)—
Quarterly
4.-11
4-11"
4-15
pfd. (quar.)>.
5-
7-14
5-15
Dayton Rubber Manufacturing, com.
5-15
10c
5
5-15
Life Assurance
Cunningham Drug Stores
—$1
4-15
?lV4r • ;;'5- 1
$1.50
v6- 1
Arlington Mills'(quar.) _____
Associated Tel. Co., Ltd., $1.25
Topeka & Santa Fe
Atlantic Coast Fisheries
„_x
30c
.
4-20
1
4-21
5- 1
5-15
5- 1
75-1
5-15
.'7---
-
Atchison
5-15
Certificates
New York
;
;•!
Coast
$5c
$68%c
$1.12'/2
_
15c
4-20
1
10-14
25c
4- 6
4-17
5- 1
;,,.
4Va% pfd, (quar.)
—
Atlantic
4-22
1
5-
$1
of Western Canada—
preferred
6%
New
1
5-
2c
—..L—A
Products
Neon
5-
10c
Bk. & Trust Co. (Wash., D. C.)—
Quarterly
Appalachian Elec. Power,
Oil Corp. (s-a)
$1.50
;7>7 25c
—.
prior pfd.
Argo
5-15
1
$1.75
._.
h Mfg. (irregular) ——
Welding Machine (quar.)_
Chemical
Nat'l Savings
6%
—
l'/aC
7%
National Electric
Cable—
&
Wire
———
psrtWDating preferred (quar.)„
Bearing Metals, common (quar.)
National
75c
$2.25
(s-a)
1
Anchor Post Fence,
4-14
7- 6 7 6-24
7- 6
6-24
1
4-11
(quar.)
Edison
7%
5- 1
$1.25
(quar.)
prior preferred
conv.
5-10
55-
Corp.—
Pictures
Extra
3-20
:™
National
5- 1
5- 1
6- 1
9- 1
12- 1
5-1
5-15
4-23;
7- .1
4-15
5-25
5-10
preferred (quar.)——
Commercial Alcohols, Ltd. (quar.)—.
7
Amoskeag Co., common
$4'/2 preferred (s-a)
Moodv's Investors Service—
$3
$5
Lead & Smelting Co.—
25c
(irregular)
Corn,
^
5-20
1
5-27
Consolidated
4-10
4-21
5-25
8-25
11-25
4-14*
American Safety Razor
r
50c
.4-21
American Seal-Kap Corp.
—L—
'.7.7,15c:.
3-31 7
American Service Co., common (initial)™20c
6- 1
$3 preferred
(participating)—27 82/lOOc 7 -7- 1, ,- 6- 1-.,
American Smelting & Refining Co., com-.__7.
•50c
5-31.;
5- 5
7% 1st preferred (quar.):
$1.75
4-294- 7
American Viscose Corp., common (quar.)™
50c
'5- 1' ; .4-17
5% preferred (quar.)
—7--H;
$1-25 7; 5-1
4-17
American Zinc
4-15
:
Dry
•
20c
Oil
Mission
1
$1.50
...
.
7
1
*5-
$1.75
3-31
4-20*1
4-15
1
5-
25c
convertible preferred (quar.)
& Southern Ohio Electric Co.—
Extra
—
1
$12»Ac
class A—
4-15*
1
6-
12,/2c
(quar.)
6Wo
»
3-31
3-31
4-15
5-
$1.25
Concord Gas,
4-15
1
.
5-15
preference (quar.)
$2.75
5
4-
5-
$25c
(quar.)—
Corp.
3-31
"4-ia
1
Electric Corp.—
Gas '&
Columbia
American Cities Power &
4-21*
$1.05
—
(irregular)
West
:
4-10
5-15
25c
preferred (quar.)
Michigan Gas & Electric, 77c pr. lien (quar.)
$6 prior lien (quar.)——
7'67. nreferred (accum.)
$6 preferred
(accumulated)
——_
Middle
(quar.)__
Co.
4-28
25C
77c
Midco
'
Extra
6-15
t.2c
(quar.)
:
preferred (quar.)
common (irregular)
67c
Stores,
Common
4-15
5-15
7-
..
20c
1st preferred
Mercantile
-—-—50c
75c
62j/2C
(initial quar.)
Roof, com.
(quar.)—*
preferred
Iron
&
Confederation
4-15
3-31
-4- 5
4.15
American Asphalt
6-15
7
Fuel
Commonwealth
3- 3
4-15
4-29
4-15
$1.50
7-18
4-30
7-
(quar.)
McFeely & Prior, Ltd.,
Marble,
75c
7; 20c
8-
6-
1
5-
Columbus
4-14
5- 1
10C
6%
.
4-14
4-21
preferred series A (quar.)—
—$1.50
preferred (quar.)— _i_„„$1.25
5%
•
;
*
4-15
5- 1
4-20
5- 1>,
i2'/2c
Amalgamated Sugar, 5% preferred (quar.)..7,7
Amerada Petroleum Corp.
(quar.)—
$7c
————
(accum.)—
Co.
(quar.)
6%
5 7o
HolAeri
4-17
4-30
—
(s-a)
Co.
Colgate-Palmolive-Peet Co.," common
•
30c
5c
$1.25
25c
$$1.25 7
conv. preference (irregular).
& Supply
Alabama Power Co., $5 preferred (quar.)™
Allied Stores,
common
(quar.)
Aluminum Co. of Canada, 5% pfd. (quar.)—
non-cum.
Airplane Mfg.
4-14
1
$1.62'/2
$1.75
15c
$1.75
$3c
$25c
—
Plow
Semi-annual
'
Investors Inc.—
$2
6
$1.50
25c
—
,
.
4-25
3- 1
75c
Adams-Millis Corp.
—
J-
Cockshutt
4-21
4-12
Payable of Rec.
thare
-
Inc
Straus,
&
1
3-31
7-
$1.50
(quar.)_
*
4-26
3V2 pesos
When
Per
__
$1.75
____
4-29
4-10
Companies
Industrial and Miscellaneous
j
——
Ltd.
4-15
4-29
*
'
1
ft-
$114
$114
preferred (quar.)_^—„
City Title Insurance (N. Y.)
(quar.)—__—
Clinchfield Coal Corp., 7% pfd. (quar.)—__
Cochenour Willans Gold Mines, Ltd.—_i
5-15
6-
5-
5-
$114
—
Cincinnati Postal Terminal, 614% pfd. (quar.)
7.ft- 7ftv:-:; v;.:.:- ;y^,7:„, ,77':.-.v7
preceding table.
4-10
,1
City Baking Co., 7%
4-21
,
4-20
Pacific Ry.—
Texas
&
7-10
6- 1
5-1
40c
5c
4-17
25c
—
$1.25
-7: (, 20c
' 25c
6-10 ;
5- .1
1
4-21
25c
7-20
dividends announced in previoul7
and not yet oaid. The list does not include divi¬
announced this week, these being given in the
weeks
(irreg.)
(quar.)
6-20
give the
Below we
v
Orl.
8
5-
i——
New
8
4-
4-15
-
•7.5% preferred (quar.)
-
«—
(quar.)_
Cincinnati
Columbia
7
5-20
Oil
Cotton
Chickasha
Quarterly
5-101
^-10
4-15
4-29
Corp.-' _-___—7L
10-10
37'/2c
lc
3-31
—
4-20
3-15
4-
New York Power,
Chesapeake-Camp Corp., common
5%
preferred (quar.)
Chesapeake Corp. of Virginia
4-15
4-10
:/
4-29
$1.25
12'/2c
25c
(quar.)____7
quarterly)——
(reduced
Investment
10-20
37'/2c
4-10
5-1
12c
$1
5% pfd. (quar.)—
$1.25
Central Power & Light, 6% pfd. (quar.)—$1.50
7% preferred (quar.)___" $1.75
Century Ribbon Mills, 7% preferred (quar.)_
$1.75
Cerro de Pasco Copper Corp._
75c
Chain Belt Co.____
J—
23c
Common
5% preferred (quar.)
5% preferred (quar.)
75c
—
1
Electric—
5-25
9- 9
7.
5-
$$1
preferred (quar.)______
6-10
9-20
Department Stores, conv. pfd. (quar.)
5-15
5-15
,
(quar.)
Corp., common
Colorado
$12'/ac
G'V%
Co._
Manufacturing
Point
1
Heat
Light
—
Central
4-18
5-15
6-15
1
Gas
Co
Central Hudson Gas &
4-22
1
5-
15c
(interim)-
Ltd.
Mclntyre Porcupine Mines,
McNeel
—
preferred (quar.) _________
Westgate-Greenland Oil (monthly)—
Woolworth (F. W.) Co. (quar.)____
Yuba Consolidated Gold Fields__A—
5-15
1
6-
8%C
——_,
Electric
McLennan
preferred
Special
———,___
common
.'
Common
4-
Natural
Western
Power
$1.75
-V-V 7
3-31
7-
$25c
(quar.)____
Carolina Clinchfield & Ohio Ry.
4-18
5-15
6-15
3-20
5-1
$4c
Ltd.
Canadian
4-18
5-15
6-15
.
Ltd. (annual)—
Co
Oil Co.,
'50c
$1.50
———
:—
common
(quar. )___„_—
preferred
7%
1 r;
6- 1
7- 1
5- .1
6-1
7- 1
5- 1
6- 1
7- 1
5-1
3-20
4-15
:'$5c
Central
7 5-
4-25
$$1
$10c
$1.75
Detinning,
Vulcan
15c
.
_
4-29
3-31
(quar.)
Marconi
Canadian
5%
3-31
4-29
5-15
3-15
7.;—•____■_
Canadian
;;
4-15*
4-20
5-15
$$1.25
Extra
Celotex
4-15
$$1.25
Industries, Ltd., class A___—
B
Investors
&
1
5-1
$75c
—
Insurance Shares,
5- 3
(quar.)_
common
Canadian
4-21
4-19
4-15
pfd, (quar.)
(quar.)
$1.50
Iron Works
Van Dorn
4-
4-10
7'^,: 30c
Ltd.,
Canadian
7;7:vf-
,
preferred
30C
preferred (quar.)
67c
(initial)
preferred
.
5
4-15
Massachusetts Power & Light Assoc.—
McGraw
1
;
Class
4-20
4-20
4-20
4- 8
5-10 A; 4-20
(monthly)
——
58'/aC
(monthly)__
53c
6.36% preferred (monthly)—
—
53c .
6.36% preferred (monthly)
53c , .
6%
preferred (monthly).
__'
,50c
6%
preferred (monthly)———:
50c
6%
preferred (monthly)
——
50c
United States Fire Insurance (N. Y.) (quar.)
50c"
United Steel Corp., Ltd.—
7 47'777 :;
77:
• 6% class A.preference (s-a) —__————
$.75c ' 577c
6.36%
4-29
ta.ft-»—'
Co.
preferred
preferred
5-
)
.
(quar.)
_•
Canadian
5-1
5- 1 .
5- 1
4-15,
41%c
50c
58V3C
$1.50
Bronze
Converters
Extra
•■■
(quar.)_
preferred (quar.
Canadian
4-15
8" 5
4-27
5-15
25c
—
,
Canadian
•
(quar.)
Bank of Commerce
4-15
5-
75c
37V2c
37V2c
62'/2c
$15c
$$1.75
$$1.50
$85c
$37'/2c
$$1.25
$75c
;
Canadian Breweries, $3.40 conv.
1
1
common
com.
5-
$37c
$20c»
>
4-14
/
5-20
"7
-
(quar.).t.
(quar.
preferred
Canadian
3-29
4-24
' 4-29
4- 7
6-15
4-29
4-29
5- 1
•
(monthly)..—17—1__-—— 7" 58%c
(monthly)—...
: 7 58%c
preferred
77c
6V4C
——
Co.
Electric
*77c
25c
(quar.)——-
ExtfE
Maiden
5
5-
Libbey-Owens-Ford Glass Co
Loose-Wiles Biscuit (quar.)—
MacWythe
Towle
4-19
5-
1
—*
Mines,
Gold Mines,
Leitch
5-15
4-15
5-
7
(quar.)———-7
Manufacturing Co.
Union Trust Co.
(Md.)
25C
Company, common
Leece-Neville
8
5-15
—
—
——•—
Edison Co., 5% preferred (monthly).
preferred (monthly)
—;
——7
77o
preferred (monthly)—
—
—
preferred
$2.50
4^29
4-18
—a-
(accum.)
67«
$1.75
;
(quar.)
2nd preferred (quar.)
77c
6-
_
'
Grocery & Baking,
Leath &
6-28
.a—
Pump_
&
10c
50c
20c
7 $1
Toledo
7
12»/2c
.-—_—__
(quar.)
Works,
Lamaque Gold
4-
3c
—
1st preferred
67c
4-14
4-15
25c
—:
Kroger
4-21
—
—
common
Water
4-20
Class B_,
-.
4-22
5-15
75c
10c
-
—
_a_-
Corp.—
Tank
Oil
5-20
4-15
10c
40c
—•
a——
Hydro Electric, $3.50 pfd.
Tokheim
6
4-
50c
40c
:
—
Extra
Texas
Milling
Taylor
3-13
$1.50
:
Corp
Kingsbury Cotton Oil
Knickerbocker Fund
Kokomo
4-17
1
4-
______
(quar.)
Co.
Kawneer
4-29
»
7 25c
•
—
Superior Portland Cement,
75c
preferred (quar.)
—
Italo-Argentine Elec. Bearer shares (interim)
Jamestown Telephone,
67c preferred (quar.)
Service
4-24
25c
87c
Johnson
1
40c'
(quar.)
Ircner,
Ironrite
5-
40c
(quar.)—
Corp.
Sunray Oil Corp
40c
common
International Products
Intertype
4-24
$1.75
—
preferred *( quar.)
_—
preferred (quar.)_/_______
7%
1
25c
Hussman-Ligonier Co. (quar.)—
:__
Huston (Tom) Peanut, $3 preferred—
Investing, $7 preferred (accum.) __
Interchemical
5-
15c
Hutchins
67c
1
$1.75
prior partic. pfd. (quar.) —
6% non-cum. partic. preferred (quar.)____
Howe Scale, 5%
preferred (s-a)—
Power,
7-
$1.25
non-cum.
Idaho
(irregular)
Silica
Standard
6-10
5- 8
10c
Gold & Platinum...
pfd.
Canada Northern Power, Ltd.,
77o
7
>•:
,
(quar.)i7
Packing Corp. common (quar.)—-
preferred
57o
Inc
Springfield Gas Light (quar.)—a
Standard Fire Insurance (N. J.)
(quar.)——
2
5-
.
25c.
(A. C.)—
7%
1
4-1
1
$3
Power,
Oregon Power,
California
—
—-——
Investors,
Sovereign
4-20
4-15
5-19
$1
.ft.———ft^ftft#
preferred
1
50c
Gas &
6%
5-18
4-1
4- 1
Electric
California
5%
:•
of Reo.
*':7'
•"'
v
preferred (quar;)—
preferred (quar.)
7_™_____—7
80c 2nd
^
•.
1st
$1.50
5- 5
5- j
3-24
3-24
5-15
$1
California
Ltd.—"
Holdere
When
Pet
thare -: Payable
(s-a)___—2%%
Mills
Linen
Ltd.—
(Holding)
preference1
4-20
4-15
5-15
50c
10c
V
—
_____
20c
Co
'
Hormel
(accum.)
(irregular)—
Class B
62c
(Charles
Hires
Home
Trust (Lexington, Ky.)
$5 1st preferred
Southern American
5-
t7j/2c
(s-a)—
—
5% pfd. B (quar.)__—
Corp.
(s-a)—_™.
Extra
Southeastern Invest.
25c
Electric,
Herbrand
4-11
$2.50
7
;
(quar.)___
Corp.
Hawaiian
4-17
5-
_———
Instrument, 6 7c preferred (quar.)
Electric (irregular)
Hammond
1
1
6-1
20c
25c
Electric
Nickel Mines (interim)
Fidelity & Deposit Co. (Md.)
(quar.)
Firemen's Insurance Co. (Newark, N. J.) (s-a)
Fitchburg Gas & Electric (quar.)
Foote Bros. Gear & Machine, common—
60c convertible preferred (quar.)__
_
Franklin Telegraph (s-a)
General Cable Corp., 7% pfd. (accum.)
General Shoe Corp. (quar.)Georgia RR. & Banking (quar.)
Goshen & Deckertown RR. (annual)
Gulf Insurance Co. (Dallas, Texas)
(quar.) _
Brothers
4-17
5-
,$25C
Falconbridge
Halle
1
5'/2 7o
Caldwell
4-29
4-20
5-15
4-5
■
Cable & Wireless
4- 7
5-1
.;,6- 1-, <
7. 5-1 >.
5-29
4-15
50c
participating preferred (quar.)
Shaler & Co., class A (quar.) ______
$2
50c
class A
common
Hampton
&
Exeter
V,' 4-24
121/aC
participating preferred-—...
——
Dominguez Oil Fields (monthly)
—_—
Eastern Steel Products, 5% conv. pfd. (quar.)
Inc.
5
5-
—
$2
Vacuum
7 5
4-28
62 '/2 C
(quar.)
Domestic .Industries,
Esquire,
7
4-
5-12
25c
common
A
Electric
.
4-
4-15
l%c
.(irregular)—-———
•
'7
'7
.1-
.
7-15
7-15
8- 1
8- 1;.< :
4-15
5- 1
,
Royal Bank of Canada (quar,)$$1.50
Royal Trust Co. (Montreal) (quar.)——— .' .•$80c.
Safeway
Steel Products
10c
Saginaw & Manistee Lumber, 7% pfd. (quar,) '
$2
Schumacher Wall Board Corp., common.—25c
$1.25
Corp
Shoe
Power
&
1
1
(quar.)_____—___________
Diamond
Light
'
5-
(quar.)______
common
5c
15c.
15c
$1
75c
—12c
.)
5-
$1.50;
I,
<
15c
Coty, Inc.
■7';; 50c
Curtis-Wright Corp., Class A___™__;______
$1.50
Dallas Power & Light, $6 pfd. (quar.)—__
$1.75
7%
preferred (quar.)__
_
___
$1.25
Davenport Water, 5% preferred (quar.)____
Derby Oil & Refining—
$6
$4 conv. preferred (accum.)
.-™—.
thare
433/4C
(quar.)_
pfd.
$5
(quar.)
Rich's Inc.
4
WhenHolder t
Payable ■ of Reo.
5- 1 (•' ' 4-19
Per
^'
^;..-i -
37'/2C
,
(quar.)_,
preferred
$1.75
Commonwealth
4-20
$2.50
(St. Louis)_!
™_(quar.)__.—
common (quar.)_
;™L—*
Company
,
.
Republic Investors Fund, common^—,7----'
6% preferred A (quar.)„-A—
'
Q7o preferred B (quar.)
Reserve Investing, $7 preferred (accum.)___.
4-14
5-
.
'
,
Name of Company
4-20
1
$3c
Coca-Cola Bottling
Collins
4-29
$1.25
(quar.)___™_™_—
Ltd.
(quar.)_*._;
.—
-7t"
7,
0/ Ree.
Payable
mare
Name oj company
,7
1'
tioiaen
wrten
Per
V.',.-.
v..-'- '■ ■v
Name of Company:
7-
1
•■
7-
1
9-30
9-30
$1.75
12-23
12-23
(quar.)—
25c
6% partic. pfd. (s-a)—
79c
Diamond State: Telephone
43Vic
Distillers Corp. Seagrams, 5% pfd. (quar.)—
t$1.25
Dome Mines, Ltd———
i—— 1
$40c
Dominion Engineering Works_—_______
/.
$$2
Dominion Fabrics Ltd., common (quar.)____
$20c
4-25
4-
9-
7%
7%
;
Gasket & Mfg. Co.
Detroit
,
7—„—$75c
2nd preferred (quar.)__-_'__—; $37'/2c
Dominion Qilcloth & Linoleum (quar.)_7M'—_
;
$30c
6%
1st preferred
8
1
8-11
4-20
4-10
5-
Diamond Match Co.,
4-15
1
3-31"
4-29
5-17
(quar.)
4-29
5-
1
4-18
5-
""
1.
4-18
5-: 1
;
4-18
3-28'
'4-28
3-28
4-28
"
Drewrys<
du Pont
$4.50
preferred
„(quar.)$L12J/2
'7
Telephone (quar.)
Electric Bond & Share, $5 pfd. (quar.)_—
5c
25c
$1.25
(quar.)—
$1.50
$1.14
25c
.
'Eastern Township
preferred
Elmira & Williamsport RR.
_
—■———
(s-a)
———_
•
4-
4-25
Chemical, 5'/2% pfd. (quar.)
Duro-Test Corporation
$6
5-1
$$1.37'/2
Ltd. (South Bend, Ind.) (initial)—;
5c
(E. I.), de Nemours & Co.—
;.>7,.
:
Dominion Tar &
4-10
X
4-25
4-lJO
5-
1
4-15
4-15
3-31
5-
1
4-J: 6
5-
1
4-
5-
1
4-20
6
4-29
4-16'
,7-
1
6-14
7-
1
6-14
7-
1
6-14
$1.25
6-
1
5-17.
$1.25
—$1.25
9-
3
8-17
12-
1
11-16
Eureka Pipe Line—$1
Exchange Buffet Corp
————
10c
5-
1
4-15
4-29
4-14
$1.75
15c
5-
Employers Group Associates (quar.)———
$5 pfd. (quar.).
$1.25
$5.50 preferred (quar.)—$1.37
$6 preferred (quar.)
$1.50
Engineers Public Service,
Erie RR,
$5
$5 preferred A
(quar.)—___
preferred A (quar.)
A '(quar.)—
,——(
$5 preferred
Fair
(The),
7%
preferred
(accum.)——
(quar.)____
Falstaff Brewing Corp., common
6%
preferred
(semi-annual)
-
'
'
—
______
.
»
r
•'"
3c
1
5-29
10-
1
4-20
5.-15
9-16
Volume
*
159
Number 4273
THE COMMERCIAL & FINANCIAL CHRONICLE
per
Name of
Metallurgical Corp., $5 pfd.
preferred (quar.)___
preferred
(quar.)_
$5
Holders
Payable
of Reo.
(quar.)
Farmers & Traders Life Insurance
N.Y.) (quar,)____;
6-30
6-15
9-15
$1.25
12-30
12-15
Quarterly
Quarterly
1
6-16
7-
$2.50
10-
$7
&
Curme
Shoe
Stores—
'
i
•
8-15
(quar.)
1
4-
5-
1
$2
5-15
4-19
4-20
$1.00
Florida
Power Corp., 7%:
preferred________
preferred A (quar.
Foster Wheeler, 6%
prior pfd.: (quar.)__;__'—
',*• 6%; prior preferred tquar.j
:a
7%
6-
1
fi-
1
37V2C
7-
1
10-
2
.
»
5-15
37Vac
Foundation Co. of Canada (quar.)135c
Freuhauf Trailer, 5 % preferred_„^„i__i-
preferred
Wheel Auto
Gardner-Denver
Drive
Co.,
Co.
3-31
4-15
General
Foods
General
Corp. $4.50 preferred
25c
4-20'"
4-
75c
5-1
4-20
15c
5-
1
4-15
MacMillan
4-25
3-10
Magnin
Investors
General
Mills
$1.12%
" " : 6c
(quar.)
Trust'(Boston)" (Irreg.)ll;
(quar.)
General
Steel
7%
Corp.; $5 preferred (quar.)_
Wares, Ltd-., com. (interim)__
preferred (quar.)'__
partic.
$1.25
1
•
4-101"
5-
1
4-15
1
3-31
5-1
3-31
4-17
Gimbel
$6
>
Brothers,
preferred
(increased)—___i
common
Gordon & Beiyea, class A common
Class B common (quar.)_:
(quar.)
4-20
4-
1
4-25
4-25
__
$2
40c
4-10
7%
preferred
Green
Hosiery,
preferred
(H.
L.)
Greenfield
Gas
preferred, (quar.)$1.75
(quar.)
:
50c
6%
preferred
4-24
Melville
4-24
5%%
conv.
preferred
Cooper & Co.,-7%
7% preferred (quar.)
!
7'/f
.
6%' preferred
Harris
5-
34%c
$1.75
—
preferred
(quar.)_
Refractories—
6-24
Shoe
4-25
40c
5-
Electric Light (quar.)
__i._
68%c
Corp. of America, 6% % pfd. (quar.)___
$1.62%
Hercules Powder, 6% preferred
(quar.).
:
$1.50
Hershey Chocolate Cprp., common (quar.)__':,:
75c
conv.
preferred
(quar.l_
Hibbard Spencer & Bartlett Co.
(monthly)
5
4-25
5-1
4-15
4-14
1
5-15
5-
5-15
4-25
5-15
'
4-25
Morrell
3-31
5-
Home
Oil
'Horder's
Ltd
Inc.
(quar.)
Horn
Hardart (N. Y.)
(quar.)
—____•
Houston Light & Power, com,
(monthly)
4 $4 preferred (initial)——
r
$6 preferred (quar.)
7% preferred (quar.)
Hummel-Ross Fibre Corp., 6%
pfd.
FTuttig Sash & Door Co., 7% pfd.
7% preferred
' 40c
(quar.)—
Huyler's,
(quar.)__
1
1
4-10
Co.
4-14
Mount Diablo
5-10
4-15
1
(irregular)
$1.50
5-
1
1
6-
1
1
4-11
4-30
3-31
5-
$1.50
pfd. (quar.)
4-30
6"o
preferred
(quar.)
$1.50
6-28
5-16
6%
preferred
(quar.)________
$1.50
9-28
$1.50
12-28
4-15
6% preferred (quar.)
Narragansett Electric, 4V2%
Battery Co.—
National
$2
5-
1
4-15
7-
1
6-10
4-29
3-22
5-1
12 %c
—
National
6-
4-
8
1
5-19
30c
6-1
6-1
4-30
50c
convertible
preference
Distillers
National
Electric
1
5-
1
5-
1
1
2c
Quarterly
5-
1
1
10-30
10-20
2c
—
t,1 6%
conv,
preference
A
ti6%
conv.
preference
(quar.)_
^International Nickel
(quar.)
Co.
/T\ 7%
preferred
preferred
($5
$$1.50
1
Fireman
(quar.)
:
Co..
Stove
10c
5-'l
4-15
$1.06V»
5-25
Norfolk
5-15
5-
10-1
20c
5-
15c
6-15
1
•
6
9-15
5Vq%
9-
5
North
12-
5
4-10
4-20
4-
5
4-29
4-
4
4-29
4-
4
6-
5-10
1
Co.
(stock
jKnudsen Creamery
Co.,
common
La
(quar.)
preferred
(F.
&
'
4-25
4-14
4-
Oliver
4-29
3-29
Ontario
5-20
7% preferred (quar.)
Orange Crush, Ltd.—
&
Co,
(initial)
Mines
preferred
6%
Corp.
Cement,
(quar.)__
5-15
4-10
5-1
4-15.
4-17
4-10
5-15
5-
8-15
8-
70c
conv.
5
Car
class
Products,
preference
5
(quar.)__
(quar.)
A
(quar.)—
5
1
4-13
4-25
4-15
75c
25c
snc
pfd.
(quar.)
(increased)
Liberty Loan Corp., $3.50 pfd.
(quar.)
$1.12V2
4-24
•
5-
1
55-
6-14
fi-
(accum.)—
$1.30
t70c
+
5--U
87V2C
5-
60c
convertible preferred A
Telephone,
8
1
$1.40
class
$1.40
class A
4-18
$1.4(1
cHss
A
class
A
4-20
$1.40
A
5
5-
20c
1
10-15
4-
8
9-15
non-cum.
preferred
preferred
(E. ,R.)
&
4-20
4-15
5-15
4-20
7%
4-29
4-21
Stein
5-
4-15
5%
.
(accum.)
75c
$1
32 %C
1
Co.
5%
Ltd.
(quar.)
preferred
Canada
3-25
3-31
15c
5-15
4-15
$$1.50
(quar.)
(A.)
&
Co.
;
?*c
11-15
35c 2-15-45
11-
4
2-5-45
5-15
4-20
$1,20
5-
1
4-15
$1.25
6-15
5-15
$1.25
9-15
35c
7-14
25c
6-
1
5-
1
(quar.)
8-15
7-12
'
5-15
4-20
$1
10-16
10-
6
$1.12%
6-15
6-
1
$1.06 V4
5-
$1.12Va
1
6-15
4-15
6-
1
$50c
4-30
3-31
20c-
4-20
'4-10
40c
6-
5-20
6-15
6-
3IV4C
5-15
4-29
$1.25
6-30
6-15
1
4-6
4-
4-28
25c
6-1
5-2
(s-a)
Machinery
Sun Ray Drug
Co.,
Co.
•
.
*
6-1
5-2
50c
(irregularl__
class A
4-30
4-20
5-
a_i7
$1
1
37%c
.
1
Super
Mold Corp. of California (auar.)
Syracuse Transit Corp., common (irregular)
(irregular)
Common (irregular!
!___
Tacony-Palmyra Bridge, 5% pfd.
5-25
$1.12 %
5-1
4-10
20c
preferred (quar.)
common
preferred (quar.)____
Common
fi
25c
Briquet, $2 preferred (auar.)__
Co., 4 Va %
6
5-15
Sun
5
5-15
1
5-15
5-1
Sullivan
5
1
6-
25c
7
8-
6-
$75c
7
5-
4-20
$20c
t
(quar.)
4-
12-15
4-15
5-15
9-15
4-
8-15
3-31
4-25
37%c
31V4c
(quar.)__
4-20
10c
12-15
4-15
5-15
5-15
5-1
4-15
1-1-45
4-29
1
9-30
15c
35c
5-15
6-
12-30
15c
35c
4-10
$1.25
$75c
(quar.
(quar.)^
5-1
3-31
preferred (quar.)
6%
6-10
$1.25
(quar.)
6-15
4-19
7-.3
(quar.)
7
9-15
4-18
;_
common
4-
1
1,
5-25
1
(quar.)
of
4-15
1
5-
80c
10c
7-
4-20
4-30
Wholesale Phosphate & Acid Wks.—
Suburban Electric Securities Co.—
*4 2nd preferred (accum.
10-
4-20
1
5-
(quar.)
(irregular*
Stott
50c
1
5-
1
(quar.Y___
$4.50 preferred
4-14
;
5-
4-30
5-
B
Chemical,
Co.
Oil
4-10
$1.62%
3-31
50c
4-10
4-25
(quar.)__________.
4-13
(quar.)
1
1
37%c
pfd.
1
common
4-20
55-
75c
(quar.)
5-
4-15
5-10
$$2
4-29
'
3-31
3-31
$$1.62V'a
10c
75 c
1
1
$2c
30c
:
3-31
1
5-
$1.25
(auar.)
preferred
Steel
5-
5
c>
Stanley Works, 5% preferred (quar.)
Stecher-Traung Lithograph, 5% pfd. (quar.)
1
6-
$22c
Standard Dredging Corp., common
(special)$1.60 preferred (quar.
1
4-20
4-17
1
Sons—
$4.25 preferred
Standard Brands,
5-
1
6-15
5-
87%c
Indiana Gas & Electric Co.—
Standard
5-
5
5-
20c
Spalding (A. G.) & Bros., 1st preferred____
Spiegel, Inc., $4.50 conv. preferred (quar.)__
5-
(quar.)
(quar.)
California
Standard
4-15
$1.12%
(quar.)__
$1.25
50c
(nuar.)
(quar.)__
(quar.)
Stewart-Warner Corp.
Special
common
Common (quar.)
Common (quar.)
4-
1
$2.50
„
Ltd.
Water,
5%
pfd.
Payne Furnace & Supply Co.,
60c convertible preferred B
1
5-
50c
(s-a)
(quar.)___
Edison
$1
_____
(quar.)
Panama Coca-Cola Bottling (reduced)
Panhandle Producing & Refining
Parke, Davis & Co
Peninsular
5-
6-12
5-
5-15
$2
common
AAA
Squibb
1
1
$35c
Irregular
Lighting Corp.
4-20
55-
4
4-14
4-14
7-
50c
a-
4-15
6-15
4-15
—
5-
6-30
4-15
Pacific
12-
7%c
5-15
5
12-15
4-15
5-15
4
$1.75
5-
t$1.75
6-
5
4-11
50c
11-
9-
3-31
4-15
7-
$$1.75
Mines,
6%%
4-10
5-20
1
6-
25c
preferred
Southwestern Life Insurance (Dallas)
Southwestern Public Service, com.
-
4-20
$5
1
6%
—
3-31
$1.12%
50c
Aircraft, Ltd., common_—
Company (irregular)_—
Pacific Finance Corp. of California—
5%'preferred (quar.)
Service,
4-20
f25c
6-15
9-15
$1.31 Ys
(quar.)__
11-15
$1
4Va %
Libbv
4-13
7
4-20
6-
5-15
25c
Oil Corp. (quar.)______
(Howard) Paper Mills, 6% pfd. (quar.)
Manufacturing Co.
5%
3-31
3-31
4-29
(interim).
com.
$1.75
50c
common
4-25
4-25
4-20
4-7
4-
$15c
Premier
Southern
7
X 60
&
Public
8-
$1.50
Outlet
Pacific
9-11
5-1
4.-15
4-15
$$1.37 Va
4.8% preferred (quar.)________
Southern Railway Co.—
5% non-cum. preferred (quar.)__
4-15
4-15
4-15
$2.50
preferred
6%
preferred
(quar.)____
Southern Canada Power, common
1
1
1
(quar.)——
(quar.)—
Pacific Portland Cement, 6!/2%
pfd.
22c
preferred
(quar.)
Corp.,
^
5-25
37¥ic
(quar.)
Electric
Stores
McNeil
5-29
4-20
(Phila.)
Filters,
Steel
8-
55-
(reduced)—
—
United
7
25c
1
$1
Southern California
3-31
5-
4-10
$1.62%
(accum.)
Southern
3-31
8-
cony,
preferred
Soss
4-15
25c
Smith
4-22
t$1.50
com.
4-15
5
5-10
4-20
New
10c
$1.75
preferred
4-20
1
$15c
Corp.___________
Inc.,
preferred
Simpson's Ltd., 6%% preferred
6%% preferred (accum.)
4-15
1
4-20
Northwest Engineering Co. (irregular)—
Nu-Enamel Corp.
(quar.)
$1.75
(quar.)
R.)
Lehigh Portland
Lerner
Power,
(quar.)_.
25c
(quar.)
Rubber & Tire
-L'bbv
of
3-31
25c
(quar.)
Bryant, T%
Leland
RR.
—
preferred
4%
Ontario
preferred
4-15
25c
Lebanon Valley Gas.
Lee
6%
Northern Trust Co.
8
,12V2C
(quar.)
preferred
Luz
Northern
Northern
Ottawa
(G.) Brewing Co. (irregular)______
Machine, common (quar.)____
1
5-
50c
3-31
$1.75
Krueger
Lazarus
Northern Liberties Gas
5%
4-10
5-
t$1.50
Sinclair
5-
15c
16c
3-31
4-
15c
Kroger Grocery & Baking Co.—
7%
2nd preferred (q.uar.)
4-15
37 %c
(quar.)
(s-a)
4-28
4-20
25c
,
1
75c
4-15
5-10
10c
60c preferred
(quar.)_____
Kobacker Stores, Inc
5-
68%C
f2c
.
4-15
$1.62%
'
preferred (quar.)
Silbak
Corp.—
100%
dividend)_____
Kirby Petroleum (irregular)
•Kirkland Lake Gold Mining (s-a)___:
•Lane
Investment
35c
&
1
$1
75c
6-1
20c
series B-2 (s-a)_
5-
$1.25
Hampshire (quar.)—
Northern States Power
(Del.) —
7 %preferred (accum.) _______
6%
preferred (accum.
$1.75
_u_
$1.50
Distillers
(D. A.)
Sherwin-Williams Co.,
5-16
(quar.)
preferred
4-15
1
1
25c
Common
3-31
6-
—
conv.
1
5-
37%c
preferred (quar.)
7%
8
4-17
$1
American Life Insurance, common
Illinois Corp., common
$1.50
5-
4-
$1.25
Co.________________
Railway Co.—
$5c
i.
common
$1.18%
Northern
4-28
4-29
9-15
1
15c
Sharp & DOhme, $3.50 pref. A (quar.)
Shawinigan Water & Power (quar.)
Sherwin-Williamn Co. of Canada—
4-15
(accum.)
preferred (accum.)
9-15
15c
S-3
(Walter)
7%
7%
7%
1
preferred
12-15
$1.50
(quar.)_
5-
t2%C
6-15
1
$50c
Shamrock Oil & Gas Corp.,
6%
conv.
preferred
4-14
(quar.)_.
Western
American
6%
3
12MjC
Kerr-Addison Gold Mines
Common
North
4-17
$1.25
class A
1
1
5-
$$1.75
Paper, $4.50 convertible pfd,
$4
710-
25c
(quar.)__*_
preferred
Scott
7-31
5-
•___
preferred
15c
(quar.)
Kevstone Custodian Funds,
Common
Adj.
15c
(quar.)
8-15
75c
(quar.)
preferred (quar.)
Mills, common (quar.)_
Flour
Convertible
8*
$1.25
Merchandise
&
15c
;
( Partieipat'ng
Kennedy's Inc.,
Landis
York
6-
.
Series
preferred
New
4-20
5* 1-
$2.95
Kearney (James R.) Corp. (quar.)
Kellogg Switchboard & Supply, common____
Kidde
$5
4-17
5-1
4-
13%-C
preferred A (quar.)„
Newberry (J. J.> Realty 6% pfd. B (quar.)
6Vs% preferred A (quar.)___
Newport News Shipbuilding & Dry Dock—
5c
;
preferred
1
6-
(irreg.)
Newberry (J. J.), 5%
l'/2c
4-22
——
6- 9
9
4-21
1
15c
(s-a)
(quar.)
11-10
Water
3-31
5-
Lawrence
Schenley
3-31
4-20
12-21
5c
Schulte
4-15*
4-20
Y.)
preferred
7%
4-15*
———
1
7-
(quar.)—
(quar.)
preferred
preferred
Neisner -Brothers, 4%% preferred
(quar.)
New Bedford Gas & Edison
Light Co. (quar.)
4-28
Furnace
Kendall Co., $6 partic. pfd.
Co., 5%
5 V2 'h
12-;l
$1.25
Stores
Oats
Tea.
1
1
$1.50
Castings (reduced)
8-10
(quar.)—__
Quarterly
Quarterly
National
(quar.)—.
1
9-
5^26
common
preferred
&
National Malleable & Steel
B
Negus Mines, Ltd
$2c
(interim)
(quar.)_____
4% %
preferred
55-
35c-
(quar.)
5-19
%
6-
Ranch
Kaufmann Department
5'i
6-1
class A
Naugatuck
7-1
Kalamazoo Vegetable Parchment Co.
(•
3
6%
20c
50c
/
(s-ai
4-21*
$1.50
Royalty Co. (s-a)
Batterv Co. (quar.)
Kalamazoo Allegan & Grand
Rapids RR. (s-a)
■X
4-
50c
W
Kalamazoo
1
5-1
30c
,
preferred
Jewel Tea
5-
4%: 30c
Mills,
K
3
30c
(quar.)
Tsland Mountain
Mines, Ltd.
.Jantzen Knitting
Johnson
4-
Lead,
B common
35c
National Funding Corp.,
Class B (quar.)
National
Island Creek Coal
Co., common
$6 preferred
(quar.)
5%.
1
87 %c
!.
.
5-
$8%c
(quar.)
Quarterly
Quarterly
i
4-11
$$1.75
par)"
Mfg.
4-11
1
National
International Utilities Corp.—
$3.50 prior preferred
Iron
1
5-
Ltd.—
f*t
.(,';
5-
$$1.50
Canada,
(quar.
7%
of
National Food Products, class
5% preferred class A v.t.c.
12-30
4-10
50c
Extra
7-22
.
_
St.
"4-21
8-
9-20
$1
Service, Class A (quar.)
Saguenay Power, 5% %
4-15*
2c
.____
6-20
9-30
37%c
(quar.)
common (quar.)
(quar.)___^
Roos Brothers, Inc., $6.50
preferred (quar.)_
Rose's 5, 10 & 25c Stores (increased
quar.)_
Ruud Manufacturing
Co., common
Welding Machine
Quarterly
preferred
6%
4-15
5-
1
1
6-30
$1.75
Rolland.Paper Co., Ltd.,
4-15
75c
4-10
55-
$1.75
pfd. (quar.)_
Rochester Button, common (quar.)
$1.50 conv. preferred (quar.)____
Roeser & Pendleton
(quar.)
4-20
50c
(quar.)
4-15
31%c
(quar.)
Manufacturing Co., 5%
Extra
4-29
50c
(quar.)
Products
5-
5-15
4-15
4-15
12%C
Rochester American Insurance
(quar.)______
'
Co., common
National City Lines, class A (quar..i
$3
5-
50c
—
Casket
National
5-15
56 %C
5-19
50c
pfd. (quar.)
1
1
4-25
.'12%c
preferred (quar.)
Richmond Insurance (N.
12-21
1
6-20
55-
$1.75
$2
9-21
9-20
2
4-20
12%c
(irregular)
(irregular)
Rhode Island Public
3-31
1
8-1
11-
Reynolds (R. J.) Tobacco—
6-15
6-
Institutional Securities—
Aviation Group Shares (s-a)
(International Metal Industries—
Common
4-12
6-
5-1
9-1
$1.31 Vi
Copper & Brass, 5'A% pfd. (quar.)_
7%
preferred (quar,)
Reymer & Brothers, common (irregular)____
3-31
4-20
6-1
15c
Revere
5-15
4-24
4-20
1
15c
1st and 2nd preferred
25C'
5-
4-20
25c
(quar.)
1st and 2nd preferred (quar,)________
5-1
_
4-13
40c
Gas
7%
$1.50
12-20
B
7%
4-30
6-30
preferred
Rheem
5-1
$1.25
Indiana Steel Products Co., common
Preferred
(quar.)
6%
4-20
50C
,
5-11
50c
common
1
$1.50
9-30
Co.,
5-
62 %c
;v
(quar.)
4-20
25c
1
6%
—_1
A
1
5-
Mining & Development-
—
4-20
1
5-
30c
Manufacturing
4-20
4-15
1
5-
1
4-14
4-^0
5-
12-
25c
5% preferred (quar.)__—
Murray Corp. of America
Muskegon Motor Specialties, $2 ch
Klutual Chemical Co. of America—
25c
40c
4-17
4-11
3-31
40c
1
4-20
3-31
4-25
(quar.)_
Republic Natural
,
(quar.)____
1
1
4-20
(quar.)
1
37 %c
4-14
4-20
1
preferred
5-
3
4-15
75c
4-29
6-
1
5-15
$1.50
(quar.
25c
lc
5-
preferred
Common
•
4-15
20c
_
50c
Mountain States Power, common
12-30
(quar.)
Republic Investors Fund,
6% preferred A (quar.)
5-10
5-
1
$1.60
5-10
"$2
$1.50
—
5-
$1.60
5-10
1
4-15
4-15
25c
preferred
Reliance
4-15
6-
4-25
4-25
4-20
preferred
Co., common (quar.)
(C. A.), $2 preferred A (accum.)
Regent Knitting Mills, $1.60 pfd. (quar.)___
2
6-
5-10
5-1
5-
6%
Extra
6- 2
$2,25
4-15
I
$1.50
$3
1
$2.25
pfd. A (s-a)_
5-
4-19
5
9-
4-15
5-
4-
9-12
1
5-15"
50c
1st preferred (accum.)
Raymond Concrete Pile, common (quar.)____
4-20
6-12
1
4-
5c
6%
4-20
25c
4-11
4-15
tic
Reed
25c
4-11
6-
58%c
Reading
5-
1
4-15
1
1
1
5-
5-25
1
6-
5-
6-15
5-1
6-
40c
6-9
8c
9-
1
3-31
3-31
7-1
t25c
5
1
4-20
4-20
$$1.50
—
5
4-15
4-29
5-31
6-
5-
6
5-19*
3-11
5-
9-
5-
4-
1
$1.50
1
15c
4-25
6-
5
9-15
$1.12
1
25c
4-10
1
4-21
50c
4-10
$1.75
5-18
412/ac
4-25
6-
4-
10-
$1.50
•_
Railroad Employees
Corp., 80c pfd.
Railway Equipment & Realty—
9-
4-20
15c
Radio-Keith-Orpheum, 6% preferred (quar.)
1
$1.75
(monthly)
4-14
5
4-20
4-17
$1.83%
$1.50
(initial)
4-14
5
4-17
1
25c
4-10
6-
1
5-
50c
1
9-
5-
$1
(irregular)
1
5-10
1
Co.
1
15c
1
Quarterly
Oil
preferred
30c
(quar.)
4-14
1
Mfg.
5-
$1.75
5-
25c
9-30
1
10c
:
5-
25c
9-30
10-21
$1.25
Inc.__.
50c
—
10-21
4-
50c
$1.25
10c
4-, 1
4-1
(quar.)_
(quar,)________
Quarterly Income Shares_______
Quebec Power (quar.)
4-20
5-
5-
20c
0
it
5-
15c
4-22
75c
Service Corp. of N. J.—
preferred (monthly)
Purolator Products, $4.50 pieferred
30c
common
E.)
Quaker Oats,
$1.25
Drop Forging Co., class A (quar.)—__
&
5%
8-31
5-
(quar.)
Alexander,
1
4-22
Public
11-30
$1.50
preferred
1
4-22
7%%
6%
5-1
(accum.)_
incorporated
*)i
4-14
43 %c
Munising Paper, common
5% 1st preferred (quar.)
$2
Illinois Central RR. Co.—
Leased Lines, 4% gtd. (s-a)
Investors
•Indiana Associated Telephone, $5
1
5-31
30c
$1.75
1st pfd.
4-17
5-
4-17
C6c
'
(quar.)___—$1.75
preferred
(quar.)
$2 partic. conv.
1
$1.75
____________
7%
1
5-
43 %c
——
5-
27c
5-
43%c
(quar.)
——
6-15
v;415c
75c
$1.50
__
4-10
50c
Privateer Mines, Ltd
Proprietary Mines
Public Service Co. of Colo., 7%
pfd. (monthly)
6%
preferred (monthly)______
3-31
5-15
$37c
(John)
4-15
3
—
5-1'
25c
$1.75
4-30
(accum.)
Pressed Metals of America——
Price Brothers &
Co., Ltd., common
3
4-20
Montana Power, $6 preferred
(quar.)__
Montreal Light Heat & Power. Consolidated—
4-15
8-4
11-
6-
(quar.)—____
Chemical Co., $4.50
$4.50 preferred B (s-a)_
$4 preferred C (s-a)
Moore
8-15
11-15
19c
—
Monsanto
4-25
(G.
75c
»'Mississippi Power & Light, $6 pfd. (quar.)
5-1
\
___
&
Prentice
__
—
lc
—
5
Powdrell
5
—
$1 prior pfd. (irregular)—:—
$1 prior preferred (irregular)
4-
7%
4-14
5-
-
4-
4-1
$1.12%
$1.75
___,—
preferred
(quar,)__
4-15
4-19
20c
Miller & Hart,
4-15
common
1.
4-25
5-
50c
Pocahontas Co. (quar.)____
Potomac Edison Co., 6%
preferred
5-15
$1.50
4-18
■L:
5-
3-31
50c
Creek
15c
prior preferred (quar,)—
preferred (quar.)—
preferredjXquar.)—$1.25
5%
^
Michigan Bakeries,
75c
Company,
Holly Development, Co, (quar.)
Holly Sugar Corp. common (quar.)_________
7% preferred (quar.)_—
(
4
Pond
$1.50
—
(quar.)
4-28
__
$1.50
(quar.)
15c
Higbee
1
6
5-
$1
.
4-14
Mid-Continental Petroleum
5- 1
Hartford
1
——
(quar.)
preferred
$7
$1.75
(A.)
12-20
5-
$1.50 %
—
common
preferred
•
$1
4-
10-
1-2-45
(quar.)—
preferred
V 6%
6%
9-25
$1.50
6-20
1
$1.62%
._i—
(quar.)_
Corp.,-«
preferred
5%
12-23
}'■
4-20
(quar.
•":
10-2
■/.,y w'.'-Sv.?:<■■■■:'■
4-17
3-31
7-
(quar.)
7%
4-15
4-15
50c
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh Coal Co., 6% preferred (accum.)_
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
Pittsburgh Screw & Bolt*__;___
Pittston Co., $5 preferred class A
Plymouth Cordage Co. (quar.)___;
Employees stock (quar.)__;
9-20
(irregular) ______
Mercantile Acceptance Corp. of California—•
1-2-45
Hat
e:
5-15
7-1
$1.75
,
& Co., 7% preferred
(quar.)___y
Hart Schaffner &
Marx, new com. (initial) i-_
*r $4
4-15
1
6-1
$1.75
preferred (quar.):
Harbison-Walker
!
4-13
4-15 U
-.;:
(quar.)
Griggs
■■
5-1
5-1
75c
—_
54-25
35c
preferred (quar.)
Memphis Natural Gas Co.
5%
6% non-cum. preferred (quar.)—..
Griesedieck Western Brewery—
11-20
11-20
2
——
;
5%
Light—
*'
1212-
preferred
1
40c
Piedmont & Northern Ry. (quar.)_.
Pinchin, Johnson <fe Co. (final)
$1.62%
McCrory Stores, 5% preferred (quar.)___—
McLellan Stores, common
(quar.)—
>/
5-1
1
Phillip-Jones,
8-21
$2
(quar.)_^—
preferred
(quar.)
5-
7%
8-21
9-
$1.31 Vs
(quar.
7%
.
•-
Gotham
9-
4 Va %
1
5-
5-1
V.t.c. for partic. preferred
(s-a)50c
Philip Morris & Co., Ltd., 4'A% pfd. (quar.)
$1.06%
5-20
5-20
(quar.)—_
.____
participating preferred
5-
,
$1.10
(s-a)
(s-a)____,—___
6-
25c
(quar.)—
Co., 6% preferred
preferred (quar,)
McClatchy Newspaper, 7%
4-10
■
preferred
Petroleum
(I.)
preferred
6-
$1.25
—
—_—
$6 1st preferred (quar.)___
-McCall Corp. (quar.)_____
3
4-
1
25c
—__
7''
4-20
5-
$1
partic.
4-14
loe
25C
—
Maytag Co., $3 preferred (accum.)
•
4-10
$1.50
(quar.)
4-
5-1
4
for
4-20
$1.50
(s-a)——
$1.25
~—_—.
Massachusetts Investors Trust .(irregular)
May Department Stores
-
4-20
(quar.__
5-
V.t.c.
Reo.
01
4-22
$1.25
50c
Huiaere
1
5-15
J$1.50
(quar.)__
25c
preferred (quar.)
Marshall Field & Co. (quar.)_
•
—
(Ky.),
1
6-
(quar.)
preferred
5-
J75c
$1.25
6%
4-10
5-15
Participating
$44c
General Tire & Rubber Co.__-_
i,
50c
Genesee Brewing, common (annual)_—______
25c
Giddings & Lewis Machine Tool Co.25c
Gillette Safety Razor, common
(irregular)
20c
'!*■ $5 preferred (quar.)_____L_T_:
$1.25
2nd preferred
preferred
partic.
.1:.6%.
3-31
5-
t25c
5%%
6%
5-
$$1.75
5-12
1
Lyon Metal Products—
4-20
$1
Motors
General
'
7
4-10 i
;; 5- 1;
3-31
6-
10c
—
'■q
preferred
Payable
31 Vic
Philadelphia Electric Co., 4.4% pfd. (quar.)
Philadelphia Transportation Co., common
$1 participating preferred (s-a)
3-31
4-15
10c
—.;
8%
6%
When
share
Company
Pennsylvania Power, $5 preferred
Pepsi-Cola Co.
Philadelphia Co., common.;
6
20c
37V2c
5-29
(quar.)__
4-15
$1.62 */a
5-22
—
4-15
—
—
6-10
/
w
1
common—_—
35c
common
5-
50c
(quar.)__——.__
Louisville Gas & Elec.
5-1
(quar.)_______
Co.,
6-15
Lunkenheimer Co., 6V2 % preferred (quar.)
V6V2% preferred (quar.)____———_——_;
6J/a % preferred (quar.)
Luzerne County Gas & Electric Corp.—
50c
______
1
'
9-15
20c
(irreg.)
(quar.)
com.
common
$3" conv. preferred
£
General Baking
General Electric
Co.,
7-
Lord & Taylor,
-;$1.12%
Froedtert Grain & Malting Co. (quar,)__4L__ V
Four
5-
v
6-15
/•■';
4-21
7-26
10-26
1
$1.12'/a
preferred (quar.)
Participating
5% preferred, (quar.)
:
Participating ________—;
5-15
$1.75
l
l
6-
6%
(quar.)
5%
6-23
87%c
'
"
___
6-30
8-
11-
$1.62 >/2
1
Participating
5
4-
•
5%
City)—
Quarterly
)
6 V2 %
4-19
4-26
Name of
Co., 5% preferred A
Penmans, Ltd.," common (quar.)
4-25.
50c
Long Bell Lumber (Missouri) (initial)___—
Longhorn Portland Cement—
4-29
4-26
of Reo.
1
30c
(quar.)
common
preferred A
1
25c
per
Pearson
5-
30c
Co.,
Loomis-Sayles Mutual Fund (quar.)
Loomis-Sayles Second Fund (irregular)
Long Bell Lumber (Maryland) (resumed)
4-15
$1.18%
_____
Firestone Tire & Rubber______
First National Bank of N. J.
(Jersey
,
4-10
37'/ac
_________
Belt
4-10
5-?
Payable
30c
preferred (quar.)_.
Liquid Carbonic Corp.—
8-11
4-29
4-29
$4
Fidelity-Philadelphia Trust Co. (quar.)
(Wm.) Sons, common" (quar.)
preferred
•'
9-16
$1.50
prior pfd. (quar.)
Filene's
4%%.
Link
■
preferred
accum.)
Products, 6%
1
Holders
Lincoln National Life Insurance (Ft. Wayne)—
(Syracuse,
$2.50
When
share
Quarterly
_
Fibre Board
Name of Company
•
9-30
Federal Fire Insurance (Canada) (s-a)__i
1S1.50
Federated Department Stores, common—__
37 %c
,
4%% conv. preferred (quar.)„
'..$1.06'A
Feltman
-
$1.25
*
Quarterly
Per
*
$1.25
_
$5
•
When
share
Company
Fansteel
;
1595
■
5-
1
4-15
37%c
5-
1
4-15
50c
4-20
5-15
4-
4
50c
6-
1
5-15
_______
50c
9-
1
8-15
50c
12-
1
11-15
(quar.)—
$1.25
5-
1
3-17
-
When
Holien
Pav'ble
oj Rec,
Per
Share
Name ot Company
$3.60 pfd.
Thermatomic
Carbon,
Toburn
Mines,
Gold
Trane
Company,
(s-a)—.
$5
Ltd.______
(quar.)_______—
common
Extra
preferred
1st
$6
(quar.).._
Insurance
Universal
Trinity
_
--—---
_
$5 preferred (quar.)
Oil of California
—
(quar.)___
(quar..)__
Union
•
.
Stores Corp.—
(accum,),
v™
Corps., Ltd., class A (quar.)____?37c
Drill & Tool, class A (quar.)
15c
United
United
United
$1.18%
Drug,"4%%"preferred (quar.)—_—
United
5- 1
18
Mav
about
or
287,309
Merchants &
Discounts and advances.
ot u. o. a.
S.
Leather, conv.
S.
Pipe
______
(irreg.)-
(quar.)——
(quar.) —
Common (quar.)
U. S. Plywood Corp., common (quar.)
*
U. S. Rubber Co., 8% non-cum. preferred-U. S. Sugar Corp.,
$5 preferred (quar,).
6.4% preferred A (quar.)
—__——
•
,
4-19
4-15
4-15*
4-10
5-31*
^-20
12-20
4-20
8"8**
4-10
5-26
7- 3*
5-25*
6- 9
7-15
5%
6-10
5- 1
7- 1
10- 2
5%
62V2C
1-2-45
12-23
$1.25
4-15
26c
4-15
$1.75
$1.75
$1.75
37'/2c
6-10
,9- 9
12- 9
5- 1
8- 1
4- 1
4- 1
6- 1
(quar.)—
Co., 5% prior pfd. (quar.)__
Tobacco,
Knitting
Utica
common
prior preferred (quar.)
prior preferred (quar.)—
Van Sciver (J. B.i, 5% preferred A (quar.)
5% non-cumulative preferred B
—
Vapor Car Heating, 7% preferred (quar.)—
preferred (quar.)
preferred (quar.)
7%
7%
6%
preferred
Vulcan
Detinning
:
(quar.)-—
preferred
(quar.)
Co., 7%
Railroad
Wabash
;
6%
Vireinian Railway,
Co.,
37VpC
:
preferred
$1%
(quar.)
$1
common
preferred
4,369,521
+
"
preferred (semi-annual basis)
Welch Grape Juice Co.—~T.
5
7% preferred (quar.)—
7% preferred (quar.)
Wellington Fire Insurance (s-a)
—
2,700
Other securities
+5,943,575
12,715,751
+
327j376
+5,985,364
89
136
1,401
17,0U6
+
185,963
+
781
21,529
58.431
34,295,864
17,707,317
+
+4,798,879
+442,422
$1
Manufacturing Co.,
Michigan Steel Foundry—
West
Deposits:
U. S. Treasurer—gen.
1,450,860
interbank
535,608
preferred
+
Westvaco
Capital paid in__
156,727
+
82
+
9,800
Surplus (Section 7)____
188,097
+
27,686
7-15
_____
-
Wilson
&
Winters
$6
Co.,
Surplus (Section 13b)
69,220
4-15
4-25
4-25
5-15
P. R. note liabilities combined
442,422
.8%
—
:
&
t25c
t$1.25
$1.12'/a
5- 1
5- 1
5- 1
4-15
4-8
4-10
50c
50c
5- 1
5- 1
4-20
4-20
convertible
convertible
Winstead
......
$1.50
5- 1
4-17
5- 1
4-18
18%c
I8%c
5-15
8-15
$1.50
$1
$1.50
5- 1
5- 1
8- 1
8- 1
$1.50
11- 1
11-1
'■/>: $1.50
4-30
' 4-15
15c
5- 1
6- 1
5- 1
4-15
5-15
4-15
6- 1
5- 1
5- 1
5-20
4-15
4-15
(quar.)—1
Hosiery
Extra
—,
Quarterly
Extra
! Quarterly
—
—
'
1
Extra
-
—
Wisconsin
Elec. Power, 6%
Wisconsin
Public Service,
i
preferred
5%
Wood
Wrigley
6%
(Wm.)
Ltd.,
pfd. (quar.)
common.
—
(quar.)
Alexander
Zeller's
—
—_—
-
&
$1,25
____
James,
7%
Co.—___
Jr.
(quar.)
common
______
preferred (quar.)—
Zion's
:
.___
,,iQuarterly
Quarterly
xLess
-
I—
____
30%
Jamaica
books
not
.
income
closed
resident
in
tax.
7-15
9-15
12-15
Corp.
Bank
:
v
'
V
-
y
declined $46,000,-
000,000
Demand
New York
adjusted
all reporting
at
member banks, and
in the Chicago District.
U. S. Gov¬
A
deposits declined in all districts.
APRIL
Country and Monetary Unit
Value
for Cable Transfers in'New York
in
States Money
United
'
April 11
April 10
April 8
April 7
'
$
$
$
$
Argentina, peso_
.297733*
___
.297733*
.297733*
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
.251247*
3.228000
3.228000
3.228000
Australia, pound
3.228000.
.
Brazil, cruzeiro—
Official—
.060586*
.060586*
.060586*
.060586*
Free
.051275*
.051275*
.051275*
.051275*
.051275*
Official—-—
.909090
.909090
Free—
.897500
.898125
.572766*
.572766*
Dean
.060586*
—
.909090
.9090^0
.909090
.902500
.903671
.900781
.301215
.205820
.205820
.572733*
t
-*$572733*
.572766*
,
par).
.572766*
4.035000
4.035000
4.035000
4.035000
.909090
.9090^0
.301215
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.
*
A
Africa, pound.
Uruguay, peso-^Controlled____.——
Noncontrolled
•Nominal rate.
E.
.9090°0
.909090
.909090
.909090
.895000
.895625
.898541
.900000
.901041
.838333
3-244203
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
3.980000
94,439
shares
portion underwritten by A. G.
Moseley & Co. and Shields &
Co.
•
F
•
.658300*
.529600*
/ (>
'
.658300*
.658300*
.529600*
-
.658300*
.658300*
.529600*
.529600®
.529600*
of common
stock
(no
Becker & Co., Inc.; F. S.
Co.
Fibre Co. 25,507 shares of 6% cumu¬
2,550,700
lative preferred stock (par $100),
Purpose, workinc r.api+
tal.
Price. $109 per share
(flat). Offered by Goldman,.
Sachs & Co. and W. E. Hutton & Co.
V*
2,500,000
.529600*
&
Purpose, post-war expansion.
Price, $45 per share.
for, subscription
to
stockholders, unsubscribed'
Paper
&
3.980000
.658300*
Wood
.
•
——i.
pound
Harold
Offered
Champion
Official
and
INDUSTRIALS '
Laboratories
$4,249,755 Abbott
Newfoundland, dollar—
Union of South
Co.
.909090
.900892
4.035000
.301215
(British), rupee
Freo_
&
<par
and
.051275*
"
4.035000
England, pound sterling
New Zenlnnd.
Witter
A
share
OTHER
peso
Mexico, peso
*
series
per
$19,120,000
Canada, dollar-
Colombia,
3.228000
3.228000
.060586*
India
$
$
.251247*
Official
Free
.
April 13
April 12
$52
Price,
INCLUSIVE
Buying Rate
Natural Gas Co.
stock
ferred
;
1944,
Co., Inc.
180,000 shares of 4%% pre¬
$50).
Purpose, refunding.
div.
Offered by Stone &;
Webster and Blodget, Inc., A. C. Allyn & Co., Inc.. Bacon,
Whipple & Co., Blyth & Co., Inc., Bosworth, Chanute*
Loughridge & Co., Central Republic Co. (Inc.), Eastman,
Dillon
&
Co.,
Estabrook &
Co., First Boston
Corp.,.
Graham, Parsons & Co., Harris, Hall & Co. (Inc.), Hawley,
Shepard - &
Co.*
Hornblower
& Weeks,
Kebbon,
McCormick & Co., A. M. Kidder «fc Co., Kidder, Peabody
& Co., W. C. Langley & Co., Lee Higginson Corp., Merrill
L^nch, Pierce, Fcnner & Beane, Merrill, Turben & Co.,
Middendorf & Co., Inc., Mayrard H. Murch & Co.^ Pacific
Co. of California, Paine, Webber, Jackson & Curtis,. E. H.
Rollins
&
Sons,
Inc., Sclioellkopf, Hutton & Pomeroy,
Inc.,
Smallwood & Co., Spencer Trask & Co., Tucker,
Anthony & Co,, Union Securities Corp., White,-Weld &
Co., Whiting, -Weeks & Stubbs Inc., The Wisconsin Co.;
9,000,000 Oklahoma
Bank is now cer¬
rate for cable transfers in the different countries of the
^
i);
Noon
•
(no
Consolidated Gas Co. 40.000 shares of 4%%
cumulative preferred stock
(par $100). Purpose, refund¬
ing.
Price, $105.50 per share. Offered by same bankers
who offered the $38,000,000 3'/z%
bonds (see above). •
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
7 TO APRIL 13,
UTILITIES
Lighting &
stock
4,000,000 Michigan
of the principal assets and liabilities of
summary
taken at par, while
classes of common stock
are
Phillips Investment Co. and R. A. Underwood &
„ .;
ernment
-
value
Power Co. 60,000 shares of $4 prepar),
Purpose, working capital.
Price,
V.$102 per share/ Offered by Smith, Barney & Co., Hazard
Freres & Co., Blyth & Co., Inc., Neuhaus & Co., George
V. Rotan Co., B. V. Christie & Co., McClung & Knicker¬
111 ;ij:
bocker, Inc., Rauscher, Pierce & Co., Inc., Dallas Union
■: a
Trust Companv, Dewar, ■ Robertson & Pancoast,
Russ <fc
:
^ Co.,
R. N. Eddleman &
Co., Louis Pauls & Co., J. R.
City, $65,000,000 in the San Francisco District
$212,000,000
par
PUBLIC
^
fcrred
$208,000,000 in
increased
stated
a
$6,120,000 Houston
$19,000,000 at all reporting member banks.
deposits
of
preferred stocks of no par value and all
are
computed at their offering prices.),
$27,000,000 in the Chicago District.
Holdings of U. S.
Government bonds declined $20,000,000 in the Richmond
6- 5
9- 5
12- 5
FEDERAL
;/>•'
Co.
Stocks
stocks
(Preferred
of Section 522 of the Tariff Act of 1930, the Federal Reserve
BY
&
$17,000,000
$33,000,000 in the Cleveland District and $23,at all reporting member banks and declined
creased
declined $111,000,000
CERTIFIED
Purpose, refunding
.
Yarnall
banks, and increased $200,000,000 in New York City.
Holdings of Treasury certificates of indebtedness in¬
Canadian non-residents' tax.
RATES
<$2,000,-
sinking
3% %
Inc.
Co.,
Pictures
ber
tifying daily to the Secretary of the Treasury the buying
world.
We give below a record for the week just passed:
EXCHANGE
Purpose,
fund deben¬
($1,767,000),
general cor¬
int. Offered
A. G. Becker
& Sons, .The
First
Boston
Corp., Graham, Parsons &' Co., Hayden,
)Stone
&
Co.,
Hemphill, Noyes & Co., Hornblower <fc
Weeks, W. E.
Hutton & Co., Kidder, Peabody & Co.,
W. C. Langley & Co., Laurence M. Marks & Co., Merrill,
Turben & Co., Maynard II. Murch & Co., Paine, Webber,
Jackson & Curtis, Riter & Co., L. F. Rothschild & Co.,
Shields & Company, Stein Bros. & Boyce, Tucker, Anthony
&
Co.. G. H.
Walker & To., Dean Witter & Co. and
declined
Foreign Exchange Rates
FOREIGN
pri-
prepayment of secured notes ($5,018,000),
porate purposes ($715,000).
Price. 99 and
by Dillon, Read & Co., Bear, Stearhs & Co.,
& Co., Inc., Blyth & Co., Inc., Alex. Brown
Holdings of Treasury bills declined $218,000,000 in the
dividend.
the requirements
to
City
Chicago District and $110,000,000 at all reporting mem¬
Canadian funds, tax deductible at the source.
Non¬
15% ; resident tax, 7%.
a Less British income tax.
Pursuant
V7
preferred
stock
of Keith-Albee-Orpheum
($1,190,000).
Sold
privately
to First National
of Boston.
;
• 'V'' ;
: •,
tures, due March 1, 1959,
declined $116,00,000
purpose
1,
plant ex¬
Brothers.
retire
7,500,000 Universal
000, both largely in New York City.
7-15
6-15
000),
April 5:
and other loans for the same
and
this
tPayable in U. S. funds, less 15%
tPayable
75c.
following
Government obligations
S.
ing U.
4-15
tax
for
the
District and
75c
75c
_____
___
♦Transfer
J20c
$37Vic
;
April
due
post-war
(B. F.) Keith Corp. '12'/2-year 3%% serial notes.
retire 4%% notes ($6,310,000); retire bank loans
*$9,500,000
$38,000,000 in New York City, $17,000,000 in the Chicago
District and $90,000,000 at all reporting member banks.
Loans to brokers and dealers for purchasing or carry¬
Mercantile Institution—
Co-operative
..Quarterly ;
$1.75
50c
pfd. (accum.)
7-31
OIL
loan,
Lehman
through
privately
MISCELLANEOUS
member
System in 101 leading
principal changes for the
Reserve
Commercial, industrial and agricultural loans
10-16
.
shows
,
adjusted, and $127,000,000 in deposits credited to do¬
mestic banks, and a decrease of $599,000,000 in United
States Government deposits.
10-16
$1
:_____
Placed
Brothers
Petroleum
Co. of Oklahoma
IV2 year loan.
Purpose, corporate purposes,
Placed
vately with Mutual Life Insurance Co. of New York.
■
A decrease of $248,000,000 in total
loans; increases of $154,000,000 in reserve balances with
Federal Reserve Banks; $212,000,000 in demand deposits
4-15
$1
preferred (auar.)
preferred (quar.)
statement of weekly reporting
Federal
the
1,
INDUSTRIAL
Co., Dayton, O. 4!/z%
working capital and
Lens
pansion.
Condition Statement of Member Banks
of
12
_
Purpose,
;V.v§v%;
4-17
4-17
Corp.—
Crampton
75c
75c
1954.
-
3,167
—
;
.
*$450,000 Stephens
The condition
128
repay
OTHER
*$600,000 Univis
14.7%
5-15
5-15
5-15
——
+
—
1st mtge. bonds, due Dec.
4V2%
Co.
Steel
Purpose,
4,798,879
;
281
+
9,159
trial loans
—1,332
6
17
long-term bank loan, ($1,837,865),
corporate purposes ($1,662,135). Placed privately ($3,000,000) with Equitable Life Assurance Society of the United
States and ($500,000)
with Pittsburgh institutions.
7,965
—
+
127
+
13,827
STEEL
1950.
indus¬
make
to
60.4%
668
+
34,295,864
Total liabilities & cap. accts.
Commitments
+
+
__
Capital Flotations
Ratio of total res. to deposit &
capital accounts-
$1.75
$1.50
(interim*—
83
(Continued from page 1588)
136
+
25,965
Other
37'/aC
preferred
Co.
Wilson-Jones
962
8,257
accounts,
Gov't
S.
*$3,500,000 Pittsburgh
4-10
3-31
3-31
week ended
prior pfd. (quar.)
$4 convertible preferred (accum.)
___
U.
86,340
—
Capital Accounts—
4-15
White Sewing Machine, $2
+
+
—
except
accounts
i—
4,769,222
cities
Paper,
and
836
+
Total liabilities
5-15
Weston (George),
25
52,903
441,672
Other liabs., incl. accrd. divs,_.
6- 1
5- 1
preferred (quar.)—
J——
.
(quar.)
deposit
during week
+
availability items
nVic
Ltd. (s-a)_
_1—I-—
Ltd., 5% preferred (quar.)-;
Chlorine Products, $4.50 pfd. (quar.)
Westminster
212
—
88,656
—
33,854,855
Total deposits
Deferred
banks
43%c
476
', 5
+
853
67
—
demand
to
+
3,617
.__
Debits
145,695
+
'
:
.•
28
,
+
—8,163
—
Foreign banks—
+
18,333
+
14,700,749
Other—
+
372,218
Foreign
539,744
—
—152,595
273,735
accts..
327,121
+
12,603,936
Member bank—reserve acct.
4- 3
5- 1
—
7%
Penn Electric,
"6%
'
(quarl)—
$1.75 conv. preferred
7% preferred (quar.)
v
deposits—
Borrowings
487
5-15
+
—599
32,872
6,454
9,691
'
—
U. S. Government
4,801,823
+
71,587
173,122
4-19
common
(quar.)
preferred
conv.
—1,096
+
2,006
deposits-adjusted—
Domestic banks—
—
196,476
5-15
8-15
8-11 '
311
—
Interbank deposits:
Federal Reserve notes
4-15
4-20
4-21
5
34
—
^^
Liabilities—
Liabilities—
+
9-1
12- 1
banks___/—
Balances with domestic
*—1,293
154
+
518
3,010
+ 4,094
1
—
8,448
•
+
19
+
2,902
i_
Time deposits
Total assets:
—
Reserve with Federal Reserve Banks__
4-3,926
21
—
654
Cash in vault
.
West
7,230
774
—
-23
+
8,933
18,007
:
9
149
—
—110
3,137
^
—
5
_
82
—
19
+
1,210
——
3
—
74
Obligations guaranteed by U. S. Government
Demand
3)
1,078
Other loans
4,035
-.34,966
Other assets
488
298
;
69,719
—
1,828,217
—
___
Bank premises—.
+
46)
—
533
Treasury notes—
+316,332
70,Yo2
697
Z'T,
617
obligations
Loans to banks——:
U. S. bonds
h
+
obligations__—745
Treasury certificates of indebtedness—"—1
12,648,253
foreign banks
390
-
pur¬
175,589
—
+
5-31
8-31
8-15
5%
Wentworth
for
611,600
+
1,500
—
+
12V2C
25c
(quar.)—
pfd.
dealers
Treasury bills—
8,503
$1-75
$1.75
J$1.75
$1.12V2
$1-25
$1.25
(quar.)_;
Washington Rv. & Elec., 5%
and
U. S. Government
2,010,065
1,438,286
$2.50
37'/2c
Washington Gas Light, .common (quar.)——
$4.50 preferred (quar.)—
___—:——
$5
4-14
6-21
9-21
4-21
5- 1
5-10
5-10
6- 1
6- 1
$4.50
preferred (annual)
4Va%
+
4,400
1,448,767
Uncollected items
„
5- 1
5- 1
5- 1
5-15
6-20
40c
$1
62'/zc
62V2C
Leaf
316,132
+
1,159,764
Due from
b"1E)
"" 1
..
68 ac
2*c
25c
50c
40c
40c
40c
30c
$2
$1.25
Common
Universal
+
P. R. notes of other banks—
*1 '*
common
brokers
to
Real estate loans
Total U. S. Govt, securities
3-10
1,335
+
6,215
—
U. S. Government
1,637
—
3,007,440
(incl. guar, .sec.)—
+
90
agricultural
and
Other loans for purchasing or carrying:
43,426
+
360
Bonds——
4-15
+ 9,987
-248
Other securities——.
11,404
+
—
Notes
4~:I8
-
—
partic. class A
Foundry,
&
industrial,
-379
chasing or carrying:
—1,108,297
7,032,282
—
Certificates———*.—.
is
■
Extra
U.
U,
12,134
Industrial loans
Loans
71,957
—
70,297
—
i
Other securities—
Manufacturers—
5>/a%
conv. preferred
(quar.)
U. S. Industrial Chemicals (quar.)
Commercial,
245,602
.+
8,226
—
U. S. Govt, securities:
Total loans and securities-
Hoffman
S.
19,587,631
55,364
Total reserves
■
preferred (quar.)—
Machinery—.;:.,
5%
U.
_——r
9,779
+ •
287,847
Other cash
—1,281,942
71,850
—
a
for eacn snare
common
19,012,475
Redemption fund—F. R. notes-
l/20th share of Delaware
United
Apr. 14, '43
Apr. 5, '44
4-7-43
51,633
10,770
Loans and investments—total
Loans—total
and
due from U. 5. Treasury—
4-i«
r
(stock dividend).
distribution of
Power & Light
Improvement
Gas
On
certificates on hand
Gold
Bills
5-15
5- 1
5" 1
(+) or Decrease
(—) Since
3-29-44
4-5-44
loans
4-10
a
10c
B
Class
Apr. 12, '44
Assets—
4-2J
preferred
of dollars)
'(In millions
Assets—
(—) Since
8-10
5-10
*
Increase
3
4-15
5-1
5-15
b-it>
thousands of dollars)
(In
o-iu
8-15
11-15
5- 1
follows:
accounts,
Increase (+) or
Cigar-Whelan
United
$5
(irreg.)__—
posit
Decrease
4-22
5- 1
5-1
q-ib
'25c
25c
25c
10c
20c
$1.12/a
$1.25
25c
(quar.)____—
Quarterly
____
Quarterly
.
Tung-Sol Lamp Works, common
80c
preference (quar.)
Union Electric of Mo., $4.50 pfd.
5-22
5-15
5-15
7%c
—
___
5-15
6- 1
$2.50
Jlc
12V2C
;
demand de¬
reporting member banks, and of debits to
•,
4-30
7- 1
4-30
6-1
7-15
90c
(quar.)_
preferred
Thatcher Manufacturing,
Statement of Condition of the 12 Federal
4-15
5-15
20c
UOc
30c
Talon, Inc., 4% preferred (s-a)
;—il-—
Teck-Hughes Gold Mines (interim
Water Co., 6'/>,■
preferred (quar.)_.
Texas
Monday, April 17, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
*596
.
Ellieou
Co.
50 000
shares
of 5 V2 %
cumulative convertible:
preferred stock (par $50).
Purpose, refunding ($1,149,working capital ($1,351,000).
Price, $50 per share;
Offered by F.
Eberstadt & Co.
''(
C00),
6,000,000 Fruehauf
Trailer
Co.
60,000 shares of iVz'/c
convertible
Volume
159
Number 4273
'
preferred
713),
stock
(par
general
THE COMMERCIAL & FINANCIAL
CHRONICLE
$100).
corporate
Purpose,
refunding ($3,428,($2,571,287).
Price,
purposes,
Radio Corp. of America—New Official—
Edward
$103 per share, plus div.
Offered by Lehman Brothers,
Watling, Lerchen & Co., J. S. Bache & Co., Blyth & Co.,
Inc., Goldman, Sachs & Co., Kebbon, McCormick & Co.,
:
,
,
p., S.
Moseley
&
&
Co.,
M.
Place,
ment
of
former
Information.—V.
1,000,000 Ware
Simon
Shoals
cumulative
V ing.
.
&
Company
of its
Per
Rose's 5, 10 & 25-Cent
Stores, Inc.—March Sales—
general
the corporation's
the
of
Period End. Mar. 31—
Sales
Depart¬
)152, "
p.
reports
market
stock
Co.
10,000
sharees
$100).
(par
share.
per
of
Purpose,
Frost,
Read
&
values
outstanding securities
—V.
159, p. 1189.
of
assets
available
$100
bond
common
—V.
for,each
class
$243.15
270.92
268.12
21.78
"After
249.33
share„to_*_——22.14
159, p.
Period End. Feb.—
Feb. 29,'44 Mar. 31,'43
$241.67
$231.75
19.35
Co.,
Expresss
Agency, Inc.
Month of January—
Charges
-i'.K'
Manufacturers
N. Y.,
the sale
for
Railway
Inc.
$16,300,455
charges and taxes.—V.
Other
•
for
(&
Subs.)—Earnings
v
.
1944
transportation—
and
revenues
income.-—
prices not
$30,059,658 $24,000,151
315,597
245,653
—
Co.,
&
amount sufficient to
an
exceed
and
par
$165,359
Pacific
successor
until 3 p.m. (EWT), on
it of first
mortgage 5%
to
to
1944—2 Mos.—1943
$114,285
will
July. 1, 1905, to
1943
■
$249,317
159, p. 586.
Mountain
Trust
$2,019,583
Co.—Earnings—
$45,330
York,
$2,370,506
'
,
1944—Month—1943
St. Louis, Rocky
The
1152.
Offered
1944—3 Mos.—1943
-
"Net income
—
Per
5%
refund-
1944—Month—1943
$875,503
$710,135
■
St. Louis Public Service
follows:
as
preferred share„__„
by H. T. Mills, A. M,
Law & Co., Citizens Trust
Co., Courts & Co., G. H. Craw¬
ford Co., Inc., Vivian M.
Manning, Alester G. Furman
and
159,
director
of
Mar. 31/44
Co.
Manufacturing
preferred
Price, $100
Co.
the
Railway & Light Securities Co.—Asset Value—
Per
i
assistant "to
Drive, has joined the staff
&
Co.,
I.
Ri
War Production
Co., First of Michigan Corp., A. G.
Inc., Eastman, Dillon & Co., Hallgarten
& Co., Hornblower &
Weeks, Merrill Lynch, Pierce, Fenner
& Beane, Paine,
Webber, Jackson. & Curtis, Shields
& Co., Union Securities
Corp., Wertheim & Co., Bacon,
Whipple & Co., Emanuel & Co., Reynolds & Co., Riter
Becker
1597
accrued
Co.—-Tenders—
trustee, 55 Broad St., NewMay 1, 1944, receive bids
50-year gold bonds dated
exhaust
the
sum
of
$22,493, at
159,
interest.^—V.
p.
880.
Schick, Inc.—Official Elected—
'
"■
^
$560,000 Diana
80,000
"
shares
Total
of
Price,
$7
(par
share.
per
Straus
Co.,
•■/',/
Courts
&
Co.,
Inc.
Farm
"$30,055,000
Co.,
Other
J.
Loan
J.
C.
Irvine
Rice
&
Co.,
Bradford
and
Federal
Mead,
&
Co.,
Johnston,
&
Lloyd
Government
Intermediate
D.
1
Banks
f' 1/
Issues
Not
The
deben¬
Co.,
$100),
(par
&
par).
Ltd.
'
shares
of
6%
share.
per
preferred
Offered
Petroleum
Co.
by
share.
per
158,
2366.
p.
(The)
5,297
of
this
other
$10,918,334
carriers—express
$9,875,349
—V.
privileges.—V.
:
i
'
'
\
'
■
York
Stock
shares
in
of
Exchange has authorized the listing
stock
common
connection
with
the
($1
par)
proposed
Bartsch
to
issuance
buy,
of
official
upon
of,
the
and
30,000
the
stock
the
corporation.
elected
shares of capital stock (no
Originated with Paine Web-
an
option
30,000
Curtis.
Sales
of
in
Jan.
on
27,
1944,
Mr.
for
common
a
1944—Month—1943
$3,963,688
1944—2.M0S,—1943
.
66,339,995
138,769,134 124,196.922
1190.
p.
Bartsch
The Securities
and
Exempt—
Exchange Commission approved April 7
corporation
appli¬
an
for
exemption from provisions of the Investment
Company Act in the sale of 10,637 shares of class B ($1
par
value)
common
stock of National Food Products
Corp. to Russel B. Stearns,
Janson Noyes, John M.
Foster, C. T. Williams, Scott Allen and Ellis D.
Slater for $345,703.
Approval was necessary since all of the purchasers
except Mr. Slater
are
either directors or officers of
National Food,
or
its subsidiary,
Colonial Stores, Inc.
The latter company operates 440 retail
was
stock at $15 per share
(subject to adjust¬
split-ups, stock dividends, etc.).-—V. 159, p. 976.
stores
common
of
159,
cation by
.
event
1944—3 Mos.—1943
$4,083,405
V
:
Securities Corporation General—Held
28, 1943, the corporation granted Edward Bartsch
period of five years, from Oct. 1, 1943, to purchase
of
the
1944—Month—1943
$1,574,592
$1,712,836
^
—78,623,881
—V.
free
of Oct.
shares
ments
380,000 American European Securities Co. 38,000 shares of com..V
mon
stock
ino
par).
Price, $10 per share.
Offered by
Subsequently,
president.
Under date
Inc.—
Sears, Roebuck & Co.—March Sales
Up 18%.5'%—
applied for 993,871 out of an authorized 3,000,000 shares.
Edward Bartsch, formerly vice-president of the Chase
National Bank,
New
York, was elected executive vice-president of the
corporation,
effective Oct. 1, 1943, at a
salary of $36,000 a year', with the under¬
standing that he would devote his entire services to the affairs of
Shields
Service,
T"77;.
out¬
shares
preemptive rights, making the total number of shares of
1190.
p.
Period End. Mar. 31—
_
30,000
notice
Schick
of
-VV
Schiff Co.—March Sales Off
8.07%—
159,
159,
and
company
O,-;
Sales
stock
..
9,000
revenue———,
and
standing option to Edward W.
..
-.■.""ic-
■-
Price, $84
Jackson &
ber,
4,435
$100'/2
Price,
Co.
t756,000 Amerada
•
•
New
issuance
from
Representing New Financing
$443,500 Aluminium
7.
'
rail
,
additional
consolidated
' •*
'
98.019
V.
Rayonier Inc.—Listing of Additional Common Stock-—
$12,300,000
'
102,105
49,206
—
■'-/•••'
'
Co.,
1944;
f
963,562
debt-
'
.
Agency Issues
Credit
funded
on
transportation
"Payments to
1485.
•'/
P.
0.80%, dated April 1, 1944, due Oct.
$17,755,000 0.90%,
dated April
1,
1944,
due
Jan.
2, 1945.
Purpose, refunding.
Price, par.
Offered
by Charles R. Dunn, fiscal agents, New York.
2,
—1,204,878
—
discount
Baysinger, formerly Chief Accountant, has been appointed
Secretary-Treasurer
13,303,577
Period End. Mar. 31—
'
&
$30,375,255 $24,245,804
____
18,100,732
deductions
''Rail
Lemon
Fernald
Co.
and
Robert R.
income——.—--
—
Interest
Securities
'
Irving
and
tures,
&
and
revenues
Operating expenses
Express taxes
stock
common
Co., Childs, Jeffries & Thorndike, Inc., Reich & Co., RyanNichols & Co., R. H. Johnson & Co., Coburn & Middlebrook,.Taussig, Day & Co., Inc., Dempsey-Detmer & Co.,
Barrett, Herrick & Co., Inc., McAlister, Smith &, Pate,
,>
/
Corp.
$1),
Purpose,
working
capital.
Offered by Van Alstyne, Noel &
•
•
%. MISCELLANEOUS
Stores
grocery
throughout the South.
The shares compose
;
,
16.8%
of the
outstanding class B stock.—V. 158,
2259.
p.
.
V
:
,
.
W.
E.
Hutton
148,212 American
par).
Price,
;/■ Lynch,
Pierce,
Peabody
Originated
shares
share.
per
by
V// V
Beane.
7,000
stock
Quarter Ended
(no
Gross
Merrill
—V,
i:
of
by
■
♦
Net
investment
1943—3 Mos.—-1942
sales
Cost
of
.;>•
represented
Public
entire
Service
stock holdings
Gross
(William)
profit
gen.
$8,575,630
4,873,309
exp.
lative
I i;
The
"
First
Boston
3,102,875 Hart, Schaffner
;
!
V.
:
$10).
(par
'
Sons
Other
in El Paso by Engineers
Total
Other
,/
Marx
Price,
120,500
$25%
shares
share.
per
of
»
Offered
by
Blyth
&
Preferred
&
Hano, Shuman,
^Whiting,
/
..
'.V
97,800 Hinde
Agnew
&
Co.,
Sutro
Weeks & Stubbs, Inc.
&
'
'
'
&
Co.
•
■
dividends
and
+133,875 MacAndrews
j
$10).
ipar
.
Reynolds
Forbes
&
Price,
&
&
(no
5,100 shares
$26V*
of
share.
per
common
par).
:
Assets—
Power
Co.
$68 per
6,000
shares
share.
of
$1,121,101
208,029
207,953
624,088
434,209
1,394,704
1,128,849
m
Offered
Co.
$2,825,534
S.
by Shields
'
and
&
5%%
Price,
1281,250 Royal
(no
Co.
$92
Price,
Co.,
stock
and
-•
"■■r
bonds,
'
(par
&
Oil
and
(par
■
t
6,321,798
Deferred
share
1,894,805
Originated
Co.
to
1st
Co.
(Ohio)
$42%
4 300
per
&
&
yield
&
Co.,
shares
share.
refunding
2.75%.
4,908,575
19,740,793
4,346,435
of
Offered
Inc.
vr
•
9,265,614
1,142,925
1,537,138
1
1
Lake
Erie
Price,
by
V/.""'
Trade
Pierce,
Ry.
Fenner
2,200
per
&
shares
share.
of
common
Originated by
Merrill
Beane.
U.
S.
issues
tlndicajtes
special
privately,
offerings.
3 Vz %
Corporation and
$4.50
Period End. Feb.—
oper.
Total
oper.
Net
revs
expenses._/
oper.
Other
1944—Month—1943
$687,585
$623,939
revs
452,654
$234,931
communic.
inc.—
13,835 •'
Government contracts_______
after
$1,345,504
901,196
400,830
$1,295,368
811,744
$223,109
J,310
$444,308
6,095
13,840
$230,419
$450,403
Operating income
$483,624
Ordinary
.
$248,766
income—non-
communication
"7,804
one
income-
*7,785
$240,962
Gross ord. income
Deduct, fr. ord.
"8,476
$229,136
$441,927
9,176
17,825
17,371
stock
income
Net
fr.
321
net
income
to
$231,786
321
earned
inc
!■
,
i
167,550
150,400
$424,102
,
$471,987
302,700
311,400
transf'd
surplus__
"Loss.—V, 159,
i>
:
$220,128
1943
14,143,000
1152.
p.
;
■■■>< i,
$69,728
$121,402
$160,587
Aviation
11,
stated
model
was
that
in
Army
and
Corp.
less
Evansville,
Marchev
of
R.
line
are
of
of
S.
of
as
May
at
101V2
Bank
15,
and
of
1944,
total
a
interest.
the
City
Pay¬
of
New
major
158, p. 2260.
-
.
:
.
,
Singer Theatres Corp., Chicago, 111.—New
j..-.'.
4,623,296
12,191,984
to
use
the
also
Air
revealed
■
months
since
the
first
first
time
United
important
Damon who
afDliations.—V,
de¬
coun¬
Nations.
company's
directors
the
29.
The
reelected
by" the
Circuit
operates
chain
a
changes
contemplated
are
Circuit.
'
in
the
"
amounted to $23,083,709 or $1.85
outstanding at the close of the year.
shares
Government
securities
hand
on
at
the
close
per
of
common
the
quarterly
dividend
of
12V2
cents
per
year
was
share
paid
year.
•
debt
and
purchase-money obligations outstanding
on
Jan.
1,
(including that part of these items shown as current liabilities)
the amount of $97,614,536 were reduced
$28,396,109 during the year.
Loans and advances by agencies of the U. S.
Government outstanding
at the end of the year amounted to
$35,351,470.
These loans and
advances, made in connection with the construction of facilities for the
production
required
and
in
following
transportation
the
furtherance
of
the
of
crude
oil
war
and
effort,
petroleum
are
products
repayable
in
the
manner:
Loans
of
$4,437,432
payable
in
cash
in
equal instalments over a
years;
advances of $15,914,038 largely
repayable by
deliveries of aviation gasoline and toluene over a
three-year period,
and a loan of $15,000,000
repayable in cash in seven annual instal¬
period
of
three
ments.
additions
Since the
fund
the
to
end of
debentures
capital
1942
due
entire ifssue
all
has
assets
in 1943 approximated
$52,177,000.
remaining outstanding 3%% sinking
1950, have been called for redemption
of the
Aug.
1,
been
retired
six
years
Funds
prior to maturity.
on deposit with the trustee
applicable to the issue of $18,000,first preferred ship
mortgage serial notes, together with a normal
retirement of $629,000 on Feb.
1, 1944, further reduced these notes to
a total amount
outstanding of
000
$6,082,000.
February of the present year the Government loan of
$15,000,000
reduced by payment of an installment of
$2,143,800.
The
advances
by
the
corporation
to
Venezuelan
Petroleum
Co.
was
amounting
were
no
In
that
being made under lend-lease arrangements to three
the
pro¬
Indiana, divisions.
the
the
Funded
•
over 6,500 P-47 Thunderbolts have been
Forces by this company's
Farmingdale,
for
the
1943
on
Thunderbolt' Deliveries
24
of
March
that
in
and
than
on
midwest.
Holdings of Venezuelan Petroleum Co. shares were increased
during;
year by the acquisition of 17,000 shares,
making the corporation's
holdings at the close of the year 3,348,363 shares out of a total of
4,000,000 shares outstanding,
1,743,040
8,836,550
$85,642 in 1942 restricted
—
Singer
the
announced
the
tAfter
completed,
the
All
1952
National
Corporation in 1943 acquired by purchase 167,140 shares of its com¬
capital stock.
At the close of the year such shares in the
treasury
totaled 443,940 shares.",'■
"*
'
\' *
14,462,000
1,743,690
8,845,650
President, at the annual stockholders' meeting held
and
tries
$64,236
due
■>:
regular
during
•
to
Mr.
redemption
Chase
mon
191,791
4,623,300
642.
Long Island,
liveries
The
-■
par)_____
contracts.
Marchev,
delivered
Net
Deducts,
at
$67,673,000.
The
1,800,000
High—Director Resigns—
April
for
debentures
articles
in
and
totaled
$74,266,767 $67,366,261
p.
Alfred
210,000
291,333
earnings for 1943
on
'
1,326,267
13,323,449
($1
Government
duction
210,000
called
4%
made
Berne
Gross
on
102,540
$549,310
Sinclair Oil Corp.—Annual Report—
c
deducting reserves of $1,088,040
in 1943 and
$1,092,389 in 1942.
tAfter deducting reserve for deprecia¬
tion and obsolescence of
$4,780,716 in 1943 and $4,062,098 in 1942
/[After deducting reserves for
depreciation and amortization of $16,958,090 in 1943 and $16,755,170 in 1942
(including $333,826 in 1943 and
$316,528 in 1942 on buildings not used in
operations),
glncluding
$212,968 in 1943 and $411,200 in 1942 payable in
foreign currencies.—
$489,679
8,687
Extraordinary inc, chgs.
been
of
Mort H.
of
theatres
share
642,142
254,045
J
159,
102,071
$567,048
.
161,693
2,107,900
1,200,000;
[
surplus
V.
8,373
$43,465
company to
return
and get away from the use of
substitute materials,
company's inventory of substitute goods was reported
Simmons said that the
manpower situation is the
operation
252,306
157,239
year
loans
Republic
"1,283
death
12,821,317
1,809,375
731,081
131,902
.
•
8,564
$47,263
Joseph M. Berne of Cleveland, Ohio, has been elected President and
of
the
Singer Circuit to fill the place made vacant
711,122
$497,464
(
net
dividends
(Mort II.)
1,443.082
780,678
6,378,226'
exchange fluctuations..,
"Including $208,496 in
1944—2ltoos,—1943
3,663
$661,850
v
The
Mr.
Cash
sinking fund debentures...
cumulative preferred stock ($25 par)
S.
$669,119
President—
1,153,271
10,540,984
surplus..
U.
7,101
$51,839
problem for 1944.—V.
Net
contingencies..*...^.....-.;.^---—
bank
Total
119
$55,827
2,185,824
2,037,790
t
insurance, etc.
Earned
(Continued from page 1560)
<t
S.
Capital
Communications, Inc.—Earnings-
4,328,028
payable
for
Common
Investment News
Total
U.
on
Reserve
$648,187
1485.
be
stated.
low.
$1,011,200
2,126,839
wages______________
■
Reserve for foreign
Reserve for
Serial
General
payable
completion of service contracts.
foreign income and excess profits
(estimated)
Advance
placed
$812,968
and
Liabilities due
"Indicates
R. C. A.
%
and
.taxes
.
$662,017
________
have
will
Mr.
taxes, interest, insurance, rents, etc._l
cost. of,, redemption of merchandise
Dividends
$49,139,381
he
of
Estimated
stock
$51,720
305
net earnings in the first
quarter of 1944 gained over last
Grant Simmons, President, stated at the
recently held annual
meeting.
He reported that the outlook for 1944 is
"reasonably good."
Easing of some restrictions has permitted the.
$74,266,767- $67,366,261
accounts
Accrued
Hallgarten
$55,522
head
Commissions, salaries and
Co.
$65
:
etc,
SBank loans
stock
common
166,597
income.
Gross and
Liabilities—
by
167,162
291,403
159,
$490,000
1,319,147
1.525,311
equipment_.._______
by
3%%
Offered
141,947
13,864
deductions,
to standard
advancss„.____
patents,
145,266
/: 1.044
year,
Government
charges
Goodwill,
270,237
Earnings for Quarter Higher—
2,022,194
853,885
2,116,339
under
/[Properties
common
pfer
268,721
York, trustee, 11 Broad St., New York, N. Y.
cost-plus-fixed-fee
assets
coupons
$100).
Lynch,
$16%
and
25,203
Simmons Co.—To Redeem
$490,000 of Debentures—
1942
17,186,579
on
expenditures
machines
248,722
13,939
income
There
100,440
Total'.
Edison
Priced
Shields
tl43,000 Wheeling &
at
share.
per
by Harriman Ripley
$25). Price,
Co.
$16l/2
15,000 shares of
shares
Other
Harden.
1964.
headed
group
182,750 Standard
(
&
Co.
11,125
at
California
due
Iron
&
Price,
shares
Weeks
6,500,000 Southern
•
$20).
3,875
Baker,
-V.-..
fRental
250,894
19,980
stock
of
17,094,502
contracts
Investments and
125,175
22,150
(net)__._
p.
$8,519,881
Inventories'
of capital stock
Originated by Shields
share.
//;.
(par
facilities
15,000 shares
per
Co.
»1250,281 Sloss-Sheffield Steel
v
Inc.
$18%
Reimbursable
income
debentures,
due
Offered by Blyth & Co., Inc.
(flat).
Typewriter
par).
cumulative
937,406
137,928
tax
oper.
income
ment
17,083,859
—
1964.
$2,541,591
931,280
8,414
accruals
—V.
1942.
$14,543,375
receivable
contracts
300,000 Pittston
profits
Preferred
1,946,237
notes
fees
$
1944—12 Mos.—1943
$2,559,949
23,000
surtax.
deducting
8,163,193
costs
&
income
Net
$8,550,000
1943
Treasury tax savings notes
Unbilled
been
elected
20,983
reserve
Income
$3,324,301
1942.
'
+Accounts, drafts and
has
been
623,851
523,070
by
common
has
9,668,205
Consolidated Balance
Sheet, Dec. 81
'
U.
&
Price,
6,756,878
31,
stock
Originated
3,075,061
Co.
408,000 Pennsylvania Water
stock
Co.
Butts
Co.—Earnings—
7,009
normal
excess
Utility
Note—Provision for depreciation of
properties charged to profit and
loss amounted to $271,540 for the
quarter ended Dec. 31, 1943; $620,429
for the quarter ended Dec.
31, 1942; $793,173 for the nine months ended
Dec. 31, 1943, ana $1,075,635 for the nine months
ended Dec.
-
Dauch
Etc.—
Manufacturing,
H.
1944—Month—1943
$216,970
$190,566
76,536
68,171
___
taxes
Fed.
484,121
$1,050,961
_w
____
deducting $950,000)
,
'7.
468,868
"Includes U. S. excess profits taxes of
$5,557,000 (after
debt retirement and post-war credit of
$617,400) in 1943 and
(after
February—
revenues
Fed.
Other
a
Paper Co. 4,800 shares of common stock
(par $10). • Price;. $20%< per share.. Offered by
Glore,
Forgan & Co. and Maynard H. Murch & Co.
;
""
$9,269,888 $13,014,146
781,392
462,481
153,400
.
2,799,484
dividends
Common
C,
$4,349,561 $10,051,279 $13,476,627
>
154,450
—
Mullins
and
Roy
Maintenance
foreign taxes
income-
G.
of
directors
Operation
Retire,
$4,004,895
of
Sierra Pacific Power
Period End.
Gross
Net
Co.,
burger
154,530
income
on
stock
common
Fenner
:
$4,195,031
charges ;
"U. S. and
Inc., A. G. Becker & Co., Inc.", Merrill Lynch, Pierce,
& Beane, Central Republic Co.
(Inc.), McDonald1Coolidge & Co., Hallgarten & Co., Hemphill, Noyes & Co.,
V
*'
Johnston, Lemon & Co., Kebbon, McCormick & Co.. News
J"'
—
$9,210,426 $23,404,502 $28,243,521
5,015,395
14,134,614
15,229,374
302,575
income
President
board
1943—9 Mos.—1942
$3,702,321
income
Co.
Corp.
&
the
Johnston, former Assistant Secretary and
Treasurer, has been named Comptroller, and K. O. Swanson has been
appointed Auditor.—V. 159, p. 13S0,
Co.
Filene's
Steel Corp.—New
Director,
Whitlock,
to
General
Profit from operations
13,562 shares of 4% % cumu¬
preferred
stock
(par
$100).
Price,
$103V2
per
Offered by Paine, Webber, Jackson & Curtis
and
share.
elected
Operating
Sell., admin. &
.
1,356,200
George
$1,524,542
$35,942,795 $22,794,213 $94,027,115 $61,317,126
27,367,165 i 13,583,786
70,622,613
33,073,605
sales.
■
'
Sharon
1943
$1,615,493
—
484.
p.
houses.
.
*
159,
Period End. Dec. 31—
80
1944
;
Remington Rand, Inc. (& Subs.)—Earnings
Kidder,
Ry. 704,1.21 shares of common stock
$46.75 per share.
Offered by Blyth &
Price,
and
31—
stock
common
Originated
March
sales
Vice-President.
1,550,981 EI Paso Natural Gas Co. 51,357 shares of common stock
:
(par $3).
Price, $30.20 per share.
Offered by Merrill
Lynch, Pierce, Fenner & Beane, Kidder, Peabody & Co.,
> F.
S. Moseley & Co. and Shields & Co.
Sale of stock
%
,
Inc.
&
(Robert) Reis & Co. (& Subs.)—Gross Sales Rise-
Inc.
capital
Ohio
&
$25).
(par
Co.,
of
sharee.
Co.
$41
&
shares
Co.
32,917,657 Chesapeake
Co.,
Blyth
per
Fenner
Price,
&
and
1,450
Credit
$10).
par
Co.
Co.
$33%'
1287,000 Commercial
i
&
News
with
the
exception
declined renomination because of his
present air159, p. 880.
being
1951.
to
obtained
$12,350,000
in
part
were
by
paid
in
full,
funds
for
issuance of $10,000,000 of
payable to a bank, and due
Corporation guaranteed payment of these notes.
Venezuelan
Petroleum
Co.,
this
notes
purpose
by
serially
the
1945-
THE COMMERCIAL &
1598
1943
operating
income
expenses
$
_
General
Total
Miscell.
Total
income
Int.
and
for
Cancelled
leases,
for
"Prov.
Net
income
"No
462,789
68,964
—.
Divs.
3,112,569
22,679,626
2,500,000
10,032,271
9,547,426
3,458,333
22,327,663
—
4,59~3~365
12,300,000
.—
—V. 159, p.
6,283,801
—
$1.42
hand
on
security for bond——-—
U. S. Treasury notes, tax series C—
U. S. Govt, securities at cost—
A.-4-*
Other marketable securities
—
"Notes and accounts receivable
(less reserves)
Accts. & claims rec. from U. S. Govt, agencies
Inventories
$
37,794,604
6,644,000
7,500,000
5,695,555
143,536
4,888,000
2,310,288
143,536
21,397,763
14,519,497
53,525,366
———
notes
:_.
Balance
from
due
of
18,124,586
22,229,402
49,357,829
<
tOther
respect of
subsid—
1,500,000
—
,
405,836
18,418,185
15,851,991
25,705,727
consolidated
not
panies
—
investments
JCapital
——
Period—
debt
and
discount
expense
royalties, etc
Prepaid insurance, taxes,
Operating
Operating
Net
Accounts
payable
25,750,799
V.
installments
Loans and
purchase
'
Net
expenses
2,908.505.., V[ 6<055,178
3,098,901
income...
oper,
r
390,320
1,266,994
$904,839
555,142
revenues
,
Net
Miscell.
1,494,163
9,695,960
for
Reserves
Net
Capital
other
stock
Common
liCommon
Earned
12,837,610
66,801,857
92,395,929
25,655,510
% 5,305,112
in
3,610,903
___
....
_
———
___________
"After
deducting
447,158,518 414,190,335
1943 and $557,947 in 1942.
1943 and $141,721 in 1942.
for depreciation and depletion of $204,331,$457,377 in
of
reserves
tAfter deducting reserves of $129,772 in
lAfter deducting reserves
1943
in
and
URepresented
159,
$191,521,170
in
1942.
by 443,940 shares in
1943 and 276,800 shares in
1942.
1190
p.
company
in
which has remained
unchanged for several years, despite increased costs of labor and
materials, Hugh Morrow, President, said at the annual meeting on
April 12,
These increases in costs have seriously affected earnings
quarters
due
was
it is believed
price of pig iron,
the low
to
will continue to do so, he said.
they
1944
profit
Earnings per common
159,
share
1943
$170,522
$0.25
Quarter Ended March 31—
10-Cent Dividend—
declared on the com¬
mon
stock, par $1, payable April 25 to holders of record April 15.
Distributions last year were as follows:
June 15, 10 cents; and Dec. 15,
15 cents.—V. 158, p. 2196.
dividend
of
10
cents
share
per
has
been
■
38,755,000
23,703,000
38,755,000
23,703,000;
71,986,850
77,434,594}
(Cr)
—3,975,260
payable——
2,279,096
accounts payable—
288,725
l,108,852i
2,280,735
202,231
86,322
6,259
647,189
65,882>
6,940,974
353.430
319,921.
__—
—
i
debt
_■
__________
matured
Dividends
rents
accrued:
interest
Unmatured
will ask stockholders
Accrued
accrued
—
Unadjusted credits
Total
—
1
—
—
:
159,
l,:'£
Texas Gulf Producing
(N. J.).
-
.
•/
••
#
■
•
£3^%
Co.—New Director—
been elected
Harry O. King has
Taliaferro.—V. 159, p.
250,265,909 226,746,803
—
—
1392.
p.
27,231,081 .20,788,459
59,225,989.v 54,053,953
;—
;
Corporate surplus
—V.
—
liabilities———
liabilities
Deferred
;—
liability—
tax
current
Other
95,780
6,818
593,660
65,790
19,741,928'
2,287,139
29,793
unpaid-.:————_
unpaid-;—.——
matured
Interest
Named
wages
director, succeeding Thomas S.
a
.
774.
as
company
30 this year.—V.
159, p. 643.
set
a
Textile-Finishing Machinery Co., Providence, R.
Change in Name—
A
I.—
-
special meeting of stockholders was called for April 5, to vote onfor a change of name to T. F. M. Corporation and the
proposal
a
granting of permission for use of the name, the Textile-Finishing Ma?-,
chinery Co., or any similar name, by a Rhode Island Corporation or*,
Made—
will
in
such
or
impair or
liquidation
matter
no
in
dividends
the right of any
Wool
It is stated that this change in name,
delay the right of any stockholder to
as he is otherwise entitled to receive,.;
stockholder to transfer shares of stock. ("American
organized.
to be
ganized or
new
Submarine Signal Co.—Increases
Reporter.")—V. 159, p. 1392.
and Cotton
that company
Succeed Atlantic Rayon Corp.above.—V. 158, p. 1943.
Tide Water
Associated Oil Co.—Annual Report—
Texfron, Inc.—To
Directorate—
stockholders held in lieu of the annual meet¬
the company was increased from 10 to 11,
added to the directorate.
The annual report for 1943 will not be sent to shareholders until
renegotiation of its contracts with the Government has been effected,
special meeting of
a
3.617,434
.
—:
accounts and
Audited
production record for output of communi¬
cations, radar, and special electronic equipment for the armed forces
in the first quarter of the year, Dr. Ray H. Manson, Vice-President
and General Manager, announced on April 11.—V. 158, p. 1864.
At
.
stock
Unmatured
Stromberg-Carlson Co.—New Records
The
Soss Manufacturing Co.—To Pay
6,522,613
Traffic and car-service balances
owned subsidiary,
$2,246,711,
ments, beginning Sept.
$354,367
$0.63
1190.
p.
8, 1944,
kwh. for the
159, p. 1486.
announced that the Huasteca Petroleum Co., a
has been awarded $10,485,240, plus interest
compensation for properties seized by the Mexican
Government, and that $5,591,485 has been received.
The Mexican
Petroleum
Co.
(California),
another 99.13% owned subsidiary, has
been awarded $5,716,428,
plus interest of $1,224,880, for the seizure
of its Mexican properties,
of which $3,048,411 has been paid.
The
balance due each company is to be paid in four equal annual install¬
of
17,366'
193,922'
321,911-
250,265,909 226,746,803
.___
stock
Long-term
also
company
99.13%
dividends by this company in the past two
common
100,041
326,724
:,
____.
Preferred
the
Awards—
Oil Co.
the Standard
4,161,401'
5,289,322
239,770
1
assets.
assets
Common
in
President of the Standard
Oil
Delaware, the company's
principal domestic refining and marketing subsidiary.
--r .
*
Mr. Crane in 1914 was connected with "The Commercial and Finan¬
cial
Chronicle," and
shortly
thereafter joined the Federal Reserve
Bank of New York where he rose to the position of Deputy Governor,
from which position he resigned on Aug. 10, 1938, to become Assistant
of
6,880,026
_
receivable—
dividends
269
492,321-
'
5,309,108
Unadjusted debits
Co.—Weekly Output—
announced that it
819,497
conductors-
receivable
supplies
and
and
77,813
v
120
—
$8,363,774
for several years and Mr. Smith is
Corp. of New Jersey, incorporated in
The
Steel & Iron Co.—Earnings—
Sloss-Sheffield
88,895
accounts
"'-'v.
$
200,186,778
5,837,435
6,188,266
20,909,000
6,200,000
203,232,679
—
from agents &
'
1942
$
receivable
receiv.
current
Deferred
6 to elect Jay E. Crane and Chester F. Smith
Mr. Crane has been Treasurer of the com¬
directors.
additional
10
1,185,150
$6.09
1,572,700
1,572,700
$12.82 X $20.17
investments——.
bills
and
Other
(N. J.)—Two New Directors
April
on
%$6,155,859
deposits
Net balance
1944—3 Mos.—1943
$7,358,923
11,700
$3,546,001
$9,003,541-
______„
—.
Loans
pany
Treasurer
The reduction
$3,992,013
183,876,000
The
as
Total
Z
Miscellaneous
output
at their meeting on June
9,929
:X-/'
cash
Miscellaneous
1,844,070
32,399,963
3,849.265
—
Cash
Total
Standard Oil Co.
3,828,594
11,700
of surplus———
share.——
Investments
Declined 10.8%—
1944—Month—1943
—Units Receive Mexican
$7,406,965
debt——:—_
./•■
Materials
kwh., as compared with 173,229,000
corresponding week last year, an increase of 6.1 %.—V.
totaled
$12,843,835
1943
1486.
p.
$9,818,326
common
Special
of the public utility operating companies
Standard Gas & Electric Co. system for the week ended April
71,094,175
160,638,496
48,509,674
(Dr.)
treasury
surplus
159,
Standard Gas & Electric
4,462,937
71,094,175
160,638,496
_______
stock
5,000,000
5,000,000
reserves-,.
stock.
$3,560,800
sales
55.809
charges-
fixed
for
approps.
per
Interest
Period End. Mar. 31—
—V.
50,101
/General Balance Sheet, Dee. 31
1290.
p.
Spiegel, Inc.—March Sales
3,947,748
17,160,351
(12,928,205 no par shares)
surplus
159,
$7,462,774
155,514
income
Earns,
$2,393,585
335,136
.
aoplicable to common
Balance
$9,973,840 $12,893,935
income—
from
funded
on
Dividend
$4,343,513
1,949,928
cumulative preferred stock
6Y2V0
on
492,829
$6,938,074
524,700
charges.
$2,008,449
income
Net
985,748
-
3,652,538
avail,
Temporary
Electric
contingencies-
and
Insurance
—
Accrued dividends
1,129,793
..,.728,953
j
—
Liabilities—
—
and
taxes
$312,929
deductions
3,252,111
* S7.923.8221
$9,244,887 $12,401,106
income—____
158,543
$351,179
income
.1,212,998
8,600,036
19,712,172
897,899
deductions
Assets—
Income
341,768
1,303,473
$10,142,786 $13,530,899
—
$4,184,970
3,598
Other income
(due
advances, U. S. Govt, agencies
•
5,218,608
$309,331
899,167
u'
27,325
income.
oper.
5,919,896,
930,151-
$29,854,958 $22,130,935 $11,175,932
opers..
rwy.
income;
Interest
$799,833 $10,824,278
490,502
6,639,306
$349,697
revenues.
9,607,166
i.
-Earns.-
1,482
operating
13,338,418
1,454,562
income
Total
1944r—Month—1943 —12 Mos.—
Period Ending February—
Operating
(Dr)
Other
Fixed
Operating revenue deductions
16,778,499
accruals.—..
railway
2,592,746
3,679,083
_________
Net
5,426,235
5,458,932
'. 7,592,421
1,040,886
9,058,238
(Cr)______
investment
oper,
rents
Net
1190.
(& Subs.)-
248,979
10,781,583
1,245,593
(rail linej_________
operations
tax
Railway
Income
Southwestern Public Service Co.
304,605
>
■
$70,667,645 $51,764,233 $32,839,670
revenues.
way and structure
equipment_.i___.__
from
rev.
$3,283,087
$1,662,620...$3,113,097
1,341,033
2,497,740
$1,549,348
._
421,503
603,225
expenses
for
Railway
$21,734,580
62,162
$11,998,460 $10,991,100 $23,923,277 $21,672,418
7,350,211
6,419,975 14,755,002 v 12,963,096
__
...
2,416,570
miscellaneous accruals in¬
cluding prov. for U. S. Fed. income tax
Funded debt and purchase money obligations
Loans and advances—U.c S. Govt. agencies-
Interest,
A
revenues
159, p.
Net
/
1944)—
in
(due
1,581,145
1,560,263
obligation
money
1944)
—V.
General
159, p. 1190.
—V.
26,458,385
36,931,452
-
and
debt
:
___
—
payable
Funded
Net
Miscellaneous
1944—2 Mos.—1943
1944—Month—1943
income
Net
447,158,518 414,190,335
-
_____________
Dividend
and
Transportation
Co.—Earnings-
$12,024,308 $11,022,522 $23,976,145
25,848
31,422 - ^,- 52,868
Operating taxes ______-;
Liabilities—
—V.
-Jan. 1 to Mar. 31——
1944
1943
Transp.
revenues
448,936
1,599,615
facility
Maintenance of
$9,737,427 $84,875,441 $79,503,693
$9,642,041
—
Period End. Feb.
Operating
-V.
Total
124
Joint
841,917
Traffic
1391.
Southwestern Bell Telephone
Gross
239,682,758 216,238,439
1,021,731
1,283,024
3,932,674
2,771,485
assets
Unamortized
in
•
560,221
933,378
1,515,524
'
$414,997
$576,976,
Earnings—
Railway—Gross
End. Mar. 31
1944
1943
—V. 159, p.
726,185
receivable
Z—
controlled com¬
accounts
and
notes
2,578,900
732,431
——
Govt, in
Mexican
held
totally
Investments in and advances to
Other
$50,747
•
2,399,274
<
Incidental
deposited with trustee under ship mtge.
Amount
sale
412,296
„
—________
Miscellaneous
1942
as
(net)
———_
Passenger
Express
\'!V-...-•
-
1942
1941
$43,969,249 $36,134,948 $26,636,172
•
20,192,261
11,263,294
3,410,078
1,359,101
1,079,457
959,492
1943
Mail
643.
Uncollect, oper. rev
•••'•.$
60,474,726
■
and
:
31
Ended Dec.
Years
revenues:
Total railway oper.
Gross earnings
6,424,662
profits tax
deemed necessary for excess
Assets
deposited
34,358
10 Days
18,060,598
23,083,709
$1.85
——:
i
share
1943
Cash
34,358
$54,708
Southern
.
banks
412,296
$85,105
$989,272
pref. stock-
on
•
$89,066
income
Net
current gains and losses of controlled
companies not consolidated was $649,705 in 1943 and $489,334 in 1942.
-Consolidated Balance Sheet, Dec. 31
in
$827,293
<-
v.
Note—Equity in undistributed
Cash
244,603
21,471
Maintenance, of
-————————
provision
$1,071,896
241,183
Freight
1,126,512
_—
income tax_.
S. Fed.
_
$1,230,455
17,652
$110,537
deducs.
other
and
Int.
Balance
retirements—
holes and
common
per
66,001,455
and on de¬
—
dividends
Common
Earnings
$102,757
Account,
Income
operating
Railway
in
dry
U,
est.
1,044,657
debentures ac¬
on
and depletion——
contingencies
——
Provision
1,566,219
profits tax.
excess
J9r760,484
——
amort,
Depreciation
174,623
non-consolidated Mex¬
:
of debt discount and expense
invest,
of
affiliate
ican
376,713
•
disc,
redeemed
bentures
750,099
570,825
389,141
223,254
234,767
taxes—
aggregated
taxes
■
67,352,370
quired for sinking fund purposes
Write-off
2,153,490
746,604
621,274
Gross income—
___
unamort.
and
1,724,214
recov¬
(net)
income
non-operating
Premium
proceeds
of
vessels--
of
sale
or
Fed.
$5,967,681
"2,849,776
63,741
,
1
taxes
income
Federal
$7,403,468
215,269
deprec.,
1,565,717
804,910
.
value
book
over
loss
on
418,958
635,238
1,808,160
__
income
excess
ered
63,929,440
_____
income
Dividend
Net
income
operating
Interest
63,053,050
$605,022
54,378
expenses
for
Prov.
and
Railroad
the
under
Federal
other
and
Income
of, employees
retirement
for
contributions
ance
1944—12 Mos.—1943
250,792
$650,474
revenue
Operating
$683,607 unemployment insur¬
Unemployment Insurance Act.
$17,247,447, including in¬
come and excess profits taxes $16,838,435,
an increase of' $10,735,424,
capital stock tax $392,396, an increase of $118,646,. and miscellaneous
taxes $16,616, an increase of $8,405.
taxes
Electric Co. —Earnings—
1944—Month—1943
Period End. Feb.—
Gross
326,899,074 276,666,418
262,969,634 213,613,368
-
general
and
operating
Costs,
1942
$
Dec. 31—
*
Gross
Southern Indiana Gas &
Statement
Income
Consolidated
Years Ended
Monday, April 17, *1944
FINANCIAL CHRONICLE
-See
ing, the board of directors of
South American Gold
&
Platinum Co.—10c. Div.—
declared on the capital
stock, par $1, payable May 8 to holders of record April 24.
A like
amount was paid on March 30 and Oct. 4, last year.—V. 158, p. 2367.
dividend
A
of
cents
10
per
share has been
and
it
William
was
H.
Raye was
stated.—V.
Carolina
South
Power
Period End. Feb.—
Operating
for
Prov.
334,831
255,495
4,075,388
income
and
491,753
676,012
202,435
180,529
685,897
43,446
167,323
522,294
701,622
43,917
194,354
"
...
taxes
profits tax_^
excess
847,110
$1,197,640
$100,774
;
deducs._
$109,046
$1,225,677
52,911
53,199
647,641
658,642
$47,863
other
10 cents per
dividend of
share has be6n declared on the common
holders of record April 27. A similar
and Dec. 13, last year.—V. 159, p. 114.
Divs.
on
$55,847
$578,036
$538,999
14,287
14,287
171,438
171,438
$33,577
pref. stock
Balance
—V.
selling
Insurance
payment was made on June 14
Provision
Superior Portland
dividend
Sylvestre Oil Co., Inc. <N.
$41,560
$406,598
$367,561
159, p. 643.
15,841,900
15,979,075
exps._
3,501,649
3,654,684
3,119,992
3,012,416
—
5,707,037
4,943,799
4,849,550
4,701,650
26,767,889
1,461,806
15,890,591
1,429,307
18,972,163
1,263,205
10,178,210
1,306,65"4
elected
28,229,695
868,020
17,319,898
915,268
20,235,368
957,175
11,484,864
1,406,381-
a
Skehan,
Arnold
Smith,
—J
Manager,
General
__
,;X.-%X—<<•..
war-time
for
Provision
2,500,000
1,250,000
taxes_
119,959,035
J4,490,700
income—JOther credits, net
also
was
elected
14,902,640
31,142
10,663,930 15,564,093
9,519,083
1,710,577 Dr2,746,480 Dr2,755,367
/
uncertainties
for
Provision
Assistant
director.—V. 150, p.
income——
Total
Interest and amortiz.
has been
has been
Vice-President.
H.
admin.
and
Gen.
Y.)—New President—
Vice-President of Colonial Beacon Oil Co.,
President, while George Holton, General Manager,
F.
a
estimated
Federal income
Southern Bell
Telephone & Telegraph Co.—Earnings
Operating
revenues
1944^-2 Mos.—1943
1944—Month—1943
___
$10,565,192
$9,569,866 $21,444,656 $19,011,903
Texas Mexican
Net
Uncollectible oper,
rev.,
30,099
22,889
Operating revenues.. $10,542,303
Operating expenses
7,128,804
Operating taxes
2,182,200
45,895
60,680
$9,539,767 $21,398,761 $18,951,223
....
5,746,223
14,395,461
11,627.010
—...
2,378,717
4,430,487
4,541,753
from
ry.
oper.
Net
—V.
oper.
income...
income
159,
p.
__
.
Net
$1,231,299
926,673
$1,414,827
1,068,561
52,572,813
$2,782,460
1,927,359
from
1391.
earnings
159,
——
p.
$3,250,459
950,468
1,066,536
.—_
_—
Balance
Feb. 28,'43
$3,197,334
—
Interest, dividends, depreciation^..
—V.
income.—:
1391.-
1190.
92,081
A
21,443
9,697
345,669
178,311
240.024
73,621
173,594
41,023
142,265
47,421
21,365
726,049
808,969
...
1,414,504
1,404,218
Dr$9,755
Cr86,804
Ry.—Annual Report—
31, 1943, funded debt
profit, to surplus
14,933,782
12,374,507
43,004,680
37,342,776
57,938,462
2,250,000
5,420,541
49,717,283
2,250,000
Total
surplus
...
—
Divs.
on
pfd.
Divs.
on
common
stock—_
stock
4,462,603
6,763,716
12,817,613
33,148,237
33,094,647'
45,965,850
2,250,000
6,373,074
39,858,363
2,250,000,
4,460,126.
'
33,148,23,7,
$1.14
"Together with revenue from other operations (exclusive of inter¬
company transactions).
tOther than Federal income taxes.
iThere
Surplus end of year—
50,267,921
shr.
$1.98
Earnings- per
amounted to $71,922,000, compared
$77,326,000 at the close of 1942, a decrease of $5,404,000.
During
the year $4,704,000 general and refunding mortgage bonds and $59,000 second mortgage income bonds were retired, and equipment obli¬
gations amounting to $641,000 matured and were paid.
Tax accruals were $19,712,172 compared with $8,600,036 in 1942, an
Increase
of
$11,112,135, or 129.21%.
State ad valorem, franchise,
gross receipts,
and miscellaneous taxes aggregated $1,040,065, a de¬
crease
of
$70,655 compared with 1942.
Payroll taxes amounted to
$1,424,660, an increase of $320,315, including $741,052 Federal excise
As of Dec.
with
Feb. 29,'44
Operating and maintenance expense—__
_
p.
Texas & Pacific
12 Months Ended—
Taxes
159,
§559,400^
'
$83,413
20,239
2,116,878
Southern Canada Power Co.—Earnings-—
Gross
—V.
1942
$113,690
34,092
,
railway—327,915
railway——
138,879
from
Net ry. oper.
Net
49,101
income
From January 1—
Gross
Net
1941
1943
$145,861
61,442
42,973
1944
$166,579
70,766
railway
oper.
Surplus begin, of year—
Ry.—Earnings—
February—•
Gross from railway
Net
§3,714,100
137.
Net
Period End. Feb.—
927,018
' ; '
16,457,258
etc.—
par
no
■
17,233,891
tTaxes
been declared on the class B
value, payable April 29 to hol%rs of record
April 21. A similar payment was made on May 1, Aug. 2 and Oct. 27,
last year.—V. 158, p, 1540.
stock,
common
101,846,910;
Operating income—
Non-operating income—;
Cement, Inc.—50-Cent Dividend—
cents per share has
of 50
—
deprecia-
for
depletion,
tion,
A
151,504,218 112,104,398 108,182,435
1,561,701
2,633,746
1,007,099
expenses
stock, par $1, payable June 15 to
made
income
Net
petroleum
products—
Cost of products sold &
2,872,591
deprec
1943
1942
1941
1940
$
$
$
$
206,276,385 155,684,476 151,973,139 136,645,279;
"Sales
A
1944—12 Mos.—1943
$6,265,636
income
Gross
Earnings-
Month—1943
$7,413,313
taxes
Federal
Int.
Co.
$575,310
expenses
General
Fed.
1944-
—$673,876
revenue
;
Consolidated Income Account
X
Calendar-Years—
of crude oil and
1191.
Corp.—10-Cent Distribution—
Sunray Oil
Gross
159, p.
...»
was
no
com.
excess
estimated
that
43,004,680
$1.32
37,342,776
$2.09
year 1941; in 1942 it was
$66,6,00 was payable by a sub¬
profits tax payable for the
excess
profits
tax of
sidiary company.
The anticipated post-war
credited to "other charges and credits."
refund of $6,660 has been.'
'
/
.
,
payable.
UMade up as follows: Federal
income tax, $6,720,714; Federal excess profits tax (less $330,000 credit
for debt retirement), $3,238,321.
§No
excess
Notes—(1)
profits
Above
004,079, $28,585,180,
tax
statement does not include the amounts of
$21,*;
$32,774,524 and $30,189,726 collected during 1943,
.
'i
t
J
-
1
»V
1
Volume 1.59
Number;4273
THE COMMERCIAL & FINANCIAL
CHRONICLE
1942, 1941 and 1940, respectively, for
Federal, State and municipal gov¬
the form of taxes on sales of
-gasoline, lubricating oils and
c
-
other
products.
»
.
i'
in banks
Cash
'
and
Notes
and
937,279
229,363
receivable^—
employees.
inventories 11
Special
deposit and
stricted)
—1—____L_
funds
(not
for
replacement
with
U.
Investments &
of
Mission
SProperties
and
and
—_
__
1,116,518
4,914,994
133 722,641
_
134,115,502
,093,111
'■
•,
''Y'
■
'
.'
V- V
.
Serial notes & bank loans, due within
Purchase obligations,
due within
one
one
to
affiliated
Deferred
Funded
income
(reserve)
for
Reserve
for marine
additional
Federal
__
Common
2,500,000
3,750,000
1,250,000
200,479
214,420
76,745
50,000,000
50,000,000
63,893,940
63,866,870
43,004,680
($10 par)__.__._..!____^_.__._
stock
in
treasury_:____.l.j_L'_______
Dr226,946
■
.-Total
U.
S.
$150,000
in
1942.
$394,783
in
1943
Government
deducting
tAfter
,
and
$438,952
in
reserve
$3,636,176
for
1943
doubtful
accounts
reserve
$221,108,770 in
and
1943
$211,636,314
in
1942.
deduoting U. S. Treasury notes,. tax series, in the amount
in
1943
and
$2,465,000 in 1942.—V.
159,
586.
p.
'
of
194.3 '.■■•.,
charges and taxes
share
Empl.
a
ago.—V.
year
158,
;
682.
p.
•
'
■
-vY
5%
1942
Y Maurice
sales
of
'
t
A.
Nehemiah
Paint
has
been
Engineers, Inc.,
■
elected
.
United Aircraft
:
'.■■.
$0.06
\
159,
Rentschler,
to
the
annual
in
•
.
report
in
charge
signed
Aircraft
licensees
on
Frederick
Y
;
Renegotiation
t
designed
and
Y
■
;
the
which
conducted
were
corporation
cessive profits were realized
V
delivered
was
producers
by
operate
has
to
1.6%
which
the
.
:
the
advised
Navy
that
with
compares
alone
than
be
involved
in
the
transformation
bonds
etc.—-:
.
from
in
war
to
war,
on
reserve-
of
the
-estimates
charged
The
tion
of
against -operations
Pratt
&
Whitney
engines,
22
ranging
Ford,
from
requirements at
also
of
S.
income
surtax
taxes
Aircraft
450
h.p.
end
1943,
Division
of
amounted
to
manufactured,
five
different
in
single type of these engines
Under license, but, in spite of the
multiplicity of types produced by
the Pratt & Whitney Aircraft Division,
as
opposed to. single types
being manufactured by each of the several licensees, that Division
produced more engines than
*
new" model
A
the
Corsair/
and
is
known
in
of the
TT«iV<»t,
Double
and
prod'^tion.
the 2800-C,
as
any
single licensee.
Wasp, engine, which is the type used in
fighters, has. been developed
the displacement of this new
engine;
remains the
same
(2,800 cubic
inches)
the
mili¬
The report ',
types
?><-
ports.
--"ioped
Of
;
'
equipr"
the older types and smaller
-'■.orkholders
ran""
lers.
are
df
"f
contains
with
-'-"need
the
a
list of
sizes.
45
well
corporation's
trainers
"
to
heaw.
known
engine
or
propel¬
bombers 'and trans¬
"r.e cowered by Pratt &
Whitney engines
""-milton Standard propellers.
current
and
41
Three Months Ended March 81, 1944
preference
stock
($1.25
$3,110,874;
Account
for
share
per
balances
at
declared
March
26,006,900
13,283,455
9,895,974
Net
14,894,751
Other
Calendar
Years
1943
revenues
1942
1941
.
$27,300,864 $26,523,147 $27,837,32?
2,734,572
2,190,168
2,083,618
structures—
5,937,016
5,272,224
4,665,618
4,290,234
849,466
789,224
_____
i
5,591,159
5,140,809
927,595
amortization
1942.
and
retirement
tlncludes
stocks
common
2,122
of
for
investment
______
24,975
tax
(Cr)
revenues—Y-
operating
ry-.
Railway
$12,560,870 $13,226,737 $15,402,029
6,400,000
6,657,500
7,213,460
accruals—_______
$6,160,870
of
1,326,352
800,520
600,326
income__
$7,487,223
$7,369,757
$8,788,896
80,258
48,594
103,035
income_____„___:____;____
$7,567,481
$7,418,351
$8,891,931
.
.
railway
Total
Miscell,
deduc.
Income
Air¬
p.
1486.
on
Interest
on
$7,224,785
458,665
funded
$5,758,811
10,918
4,932
4,887
$7,556,563
charges-
$7,413,419
$8,887,044
2,261,765
2,265,244
debt
2,251,650
606
3,527
58,563
to profit &
loss—
$5,304,306
dividends
Common
60,741
,
charges
inc. transf.
Preferred
income_______
fixed
$5,090,913
$6,559,710
1,677,300
1,667,300
1,667,301
3,127,147
3,127,148
3,596,222
$2.90
dividends____
$2.73
$3.90
share___—_
common
$5,471,470
287,341
$7,683,450
for
unfunded debt—
fixed
Net
1942
from
avail,
(& Subs.)- -Earniags1943
operating
income
Interest
exchange—V. 159,
$8,188,569
.
(1,869
United
$6,569,237
(netW_
Equip. & joint facil. rents
Y
■
Y,-,; :■
i
;,
232,797,500 208,278,112
Balance
Assets-
taxes
declared
value
Sheet,
Dec.
31
common
2,565,651
52,667
58,804
1,000,000
post-war adjust..
share
1,000,000
$2,134,356
750,225
.___.;■■'
'■
1943
securities
:
1942
$4,625,629
1,000,000
Traffic
for
Common
Paid-in
."•*
.
income
Deferred
"5,617,444
5,926,254
stock
$775,590
1,065,868
1,377,207
1,423,750
956,427
1,522,350
1,345,272
2,920,027
349,591
152,642
3,529,706
—
731,758
I
227^894
v
readjustments—
211,076
277,598
1,000,000
7,502,255
6,373,378
3,072,284
2,000,000
,■_■_
(par $10)
15,004,510
!
:
surplus
4,245,548
_____—
—
"After
deducting depreciation
Note—In January,
____
reserve
cumulative preferred
stock
mately
for cash at par.
after
deducting
$10,200,000,
deferred
$31,050,231 $26,356,855
$7,415,292.
charges)
were
temporarily
ment securities.
and
invested
(approxi¬
shown
expense
in
U.
S.
Govern¬
'
1,508,502
4,283,282
4,193
845
38
210,754
31,205
2,173,935
1,493,070
181,680,083
31,271,500
27,955,000
31,271,500
60,044,000
60,044,000
1,838,642
'
6%
Y
cumulative
and
and
1,135,886
.■
stock
interest
dividends
tax
payable—
—
37,762
46,575
55
accrued
180
750,550
declared
750,550
1,257,975
liabilities.
:_
1,257,975
6,045,062
—
liability
current
Deferred
27,955,000
145,260
—
unpaid__
Unmatured
Accrued
balances—net
accounts
matured
payable
wages
service
car
6,120.559
509,713
—
34,161
liabilities
15,791
12,714
Unadjusted credits
27,176,396
23,961,521
Corporate
29,587,758
29,089,461
186,635,465
181,680,083
surplus
Total
—V.
—
159,
Wabash
The
-
1488.
p.
RR.—Annual
showed
Report—
net
of $8,758,574 for 1943 as com¬
net income of $6,826,791 in 1942, according to the second
report released by Norman B. Pitcairn, President.
each $100 of revenue received in 1943 the Wabash
paid out
company
a
income
with
annual
;
$25.64 in taxes
The net proceeds
commission
2,863,225
__Y
stock
Miscellaneous
Other
519,542
4,025,218
receivable____
—.
accounts
Traffic
For
of
1944, the company issued 105,032 shares of
4V2%
receivable—________
Long-term debt
pared
Total
995,796
assets
Unmatured
$1,342,355
606,018
debits
Liabilities—
Preferred,
831,868
8,350
;
186,635,465
Audited
.
502,100
2,065
Total
1,136,659
3,767,775
1,385,807
4,729,712
1,000,000
agents and conduc.
assets
Common
3,576,812
1,017,182
.____
1942
■;
169,764,004 167,998,253
supplies
dividends
current
90,090
other________
post-war
.J
7
•
balances—net_;
accounts
and
and
Unadjusted
1,462,671
2,657,450
car-service
Miscellaneous
Interest
5,550,487
2,965,422
•
taxes
surplus
Earned
under
and
Net balance receivable from
180,180
salaries, wages and employees' bonuses
taxes,
1'
5,595,431
8,078,593
^___
•
Federal
;
—_
Other
$7,536,763
__________
other air lines on sales of
transp.
received .under volume travel
plan
Deposits
Accrued
'
_____________________________
Temporary cash investments, U. S. Treas. notes
Special deposits
Materials
~$1~42
$2.13
Consolidated Balance Sheet, Dec. 31
Amounts due
Accrued
'
'
Investments
Cash
3,427,507
for
31,
$18,868,920 $19,691,289 $22,514,155
7,417,354
5,776,157
4,532,341
1,014,590
1,055,701
790,833
___________
23,897,271
$31,050,231 $26,356,855
Wabash
against $18.96 per $100 in 1942.
as
from
revenue
freight, passenger and allied services for the$95,520,547 and income from other sources amounted
$763,540, making a gross income of $96,284,087, an increase of
$16,639,172 over the previous year.
year amounted to
to
■
<
To Increase
Expenses
Mileage—
corporation, through the utilization of
additional equipment
made available
by Army order, will increase its
daily plane mileage,
effective April 15, from
about 70,000 miles to
77,000 miles, or approxi¬
mately 28 million miles
annually, it was announced by Leon C. Morfier, District Traffic Manager in New
York.—V. 159, p. 1392.
Provision
Double Wasp will be in'production during the cur-,
importance of these two new types will re¬
quire almo^ P--~i-Hve use of Pratt & Whitney's facilities at both
East Hartfo"'1
Kansas City and the retooling of
Chevrolet, one of
the
larger
nroducers,; with the other licensees continuing
*■«
7,883,730
payable
placement tv
»x(reme
profits tax.
34,123,893
Net
Interest
Net profit
with the pv'
1,329,567
11,793,796
30,205,767
$3,203,276
Liabilities—
Calendar Years—
-
come
-Earnings Increase-
,
Federal
and
excess
profits
taxes
1943
1942
$5,267,958
$3,583,068
3,879,368
2,237.500
Earns,
stock
—V.
per
During
share
on
468,283
$1,388,590
shares of common
158,
2297.
$1,345,568
1943
" "
$
"
$2.61
°
of
traffic
To
this
help meet the nation's wartime need
for
will begin construction at
once
company
more
of
a
tire
cord,
textile
plant
Tayon
new
there
was
and
agreements
tive
material
to
and
operating
Feb.
labor
and
material,
increase
an
maintain
supplies
expenses,
with
1,
and
of
the
1943,
supplies
the
and
in
to
$7,318,478
in
necessary
handle
the
operating
use
ex¬
of greater
increased
volume
properties, and to increases in cost of
wages
and salaries.
Of the increase
and
salary adjustments imposed under
operating and non-operating organizations effec¬
1, 1943 and Dec. 27, 1943, amounted to
wage
April
$2,344,971.
less
revenues
payment
of fixed,
of
excess
the
and
on
miles of
of
total
29
and
during
for
that
safety and operation
miles
of
"Manual
1943
other charges.
required
Camery Switch, 111.
a
expenses
contingent,
amount
Improvements in
111.
year
United States Rubber
Co.—To Build New Textile Plant
of
principally1 to larger forces and the
installation
*<? nn
cost
of
Total
outstanding
of
quantities
in
_Net profit
comnosed
1942.
in-.
___.
operation,
penses due
in
after depreciation and
interestfor estimated State and
of
$54,355,860, taxes, of $24,495,373, and rent of equipment and property.
$5,169,851, totaled $84,021,084, an increase of $15,807,745 over year
material
United Biscuit Co. of America
.
T^e
45,360,798
charges to U. S. Army—
tary horsepower rating for Army and Navy, combat airplanes has
been
greatly mere*"*'' over the earlier rating of 2,000 h.p.
This new Dou¬
will hoin to carry both Army and Navy fighter performance
to
previouslv "Stained levels, particularly with reference to high
speed,In addition, an entirely new type of engine of greater dis¬
year.
$1,185,529
excess
expenses
Other
and
Government bonds
net
Accounts
ble Wasp
rent
$911,132
$4,246,246; net income for the three
$943,089; total, $5,189,335; cash divi¬
1944,
"14, 1944),
159, p, 1392,
equipment—
Transportation
44,537,327
This
Thunderbolt
While
for Federal
Feb.
and
way
taxes
Total
of
a
57,900
$1,281,428
95,899
741,500
charges____'—__—
Operating property and equipment, net—
produc¬
types
64,174
62,300
of
1,074,250
Deferred
of
Wasp Junior to the 2,000 h.p." Double'
Nash-Kelvinator, Jacobs Aircraft and
each manufactured
operating
of
Maint.
22,842,461
25,886,500
funds—.
$2,201,303.
basic
14,751
$969,032
tax.
revenues
Total
Transportation
Inventories of spare parts, service
materials and
suplies, at average cost
«
Investments and special
condi¬
and
year
models
the
Other
8,041,250
_________________________
reserve
Government
Unbilled
•
the write-off of a large
supply inventories, based
post-war. period.
Such reserve,
the
the
Chevrolet,
Continental Aviation,
made
tool
8,793
$1,005,389
taxes
Freight—merchandise
Other
par)
in
1942
$1,360,352
$943,089
Income
1.306T28
profits tax__;__.
Canadian
for
in
different
Buick,
production
was
expendable
requirements
quantities,
Wasp.
reduced
provision
paid
16,414,758
of
1943
$1,004,930
27,105
Federal
income
cumulative
1944,
930,784
\'
.
___________________
Reserve
excess
devoted
Mass.; Shelbyville,
p. 1488.
8,898
for
31.,
$2,078,462.—V.
13,283,855
($100
Receivables,
ex-;
statutes.
Looking forward to
858,345
$27,650,545 $23,593,595
20,425,760
18,122,125
Accrued
the
43,167,720
—
___________
tax,
Assets—
Price
1942.
post-war
$3
March
.*
Other current liabilities
Deferred credits
:
portion
this ^company,
Virginian Ry.—Annual Report—
4,132,840
21,020,433
pmounts being equivalent to the estimated post-war refund of excess
profits taxes and credit for debt retirement authorized by Federal
•
by
1944
Federal
Operating revenues—
Freight—coal V.
2,955,113
(contra)
par)
tions, and, as a result, the sum of $28,004,464 has been accumulated
during the three years ended Dec. 31, 1943, in a reserve to meet
such expenses.
Of the total reserve, $4,107,193 was accrued by charge
to operations in the year 1943 and $3,897,270 in the
year 1942, such
revenue
4,149,078
21,198,967
dividends
Cash
v
Since inception of the corporation's expansion
program, the man¬
agement has ever been acutely aware of the very large expenses which
will
operated
located at New Bedford,
H. Chaplin, former Executive
Vice-President, has been elected
President, succeeding Graham H. Anthony.—V.
159, p. 1488.
1,320,502
withheld--
stock
($5
Y- Y.Y
by
em¬
Veeder-Root, Inc.—New President—
53,559,166
53,469,445
revenues
normal
be
I
John
232,797,500 208,278,112
approximately
2%
35,031,603
35,116,995
.___
1943 under
year
was
slightly less
preferred
Earnings per
dura¬
no
project
will
73 278
Federal
ended
19,
1944,
3,221,086
L
bankl
to
stock
income
Cash
renegotiation.
government
being
are
provision required
On
Jan.
32,892,181
1,398,770
Balance, surplus
.......
to
people
(Delaware)—Earnings
before
for
9,895,904
taxes,
Appropriations to
corpora¬
the
"No
5,311
...
Savings
income, before
excess
State
-
sales
Scottsville
300
1943
formal clearance agreement has not been executed," the
"the officers of the corporation have been assured
that such agreement has been approved.'Y
>Y ./.
%
on
now
income for period
dend
68,854~628
earnings from operation...
income,, net—
Net"
*
••
a
profit
in 1943,
taxes
________
Federal
B.
report, pointed out,
Net
payable
Other
U.
before
been
by United Aircraft for the
contracts and subcontracts subject
"Although
the
for
income
Net
1.306T28
incentive
cumul.
Net
:
proceedings
Adjustment Board and
its
products
associated
royalty-free basis.
a
Y___
Calendar Years—' :";"',. *-
•.
this
United
the
$1,092,565
Earnings per
'
by
■■;
tion's
of
expenses
Maint.
wages,
Operating,
Y
tion
operation
"Approximately
—
months
30,000,000'
surplus
••'
of
"•;.
„■
Net
Sub.)
930,784
Y__!——A——___
United Air Lines, Inc.
Sales by the corporation for the year amounted to
$733,590,668, as
compared with $518,970,578 for 1942, an increase of 41%* after
taking
Into account price reductions applying to both years.
The balance
of
assets:.!
craft & Transport
Corp. when presented for
all
of
mills
production,
887,321
reserves
for
depreciation,
$28,650,533 in 1943 and $28,304,238
1943) shares issuable for shares
Chairman,
50 %
duced
full
said.
Statement of Earned
Surplus,
Balances at Dec. 31,
1943,
5,346,282
in
and Joseph F. McCarthy, Controller.
Better
advanced training and combat aircraft
engines pro¬
country during the year were of Pratt & Whitney de¬
sign, and over 75% of propellers for the same types of planes were
of Hamilton Standard design.
;Y
YV"Y;
than
for
,
"Provision
1942
52,309,496
643.
p.
/.
,
call
Smith
2,955,113
reserve).
*
Corp.—Annual Report—
according
__
Fed.
supply
rubber
which, including land, building and ma¬
$2,240,000, will be financed by the Defense
at
(excl. provision
income tax)
peace-time
1943
■
'
Earned
48.418
Shipments, including those of licensees and associated producers/ of
products designed by the corporation totaled nearly $2,000,000,000
1943,
(less
"After
.
to
Wholly Owned
surplus
all
during
other
funds—War
Total
Vice-President
.
.
(Incl.
>-7-
.
tCommcn
^
subsidiary.—V.
a
and
Paid-in
Unexcelled Manufacturing Co., Inc.—New Subs. V.-P.
V
31
compensation^—
Prov. for Federal income and
excess prof,
Advances on sales contracts
and its wholly owned subsidiary, Bright Nickel
the highest level in its history and about 10%
running at
are
receivable
charges
Accrued
Sales of this company
of
defense
production
post-war conditions.
receivable, etc
purchase contracts
on
to
synthetic
program
of
project
Taxes
$
Employees'
! lJdylite Corp.—Sales At High Level—
ahead
to
assets
Accrued
'
Corp.,
§From
42,433,297
Accounts' payable
$580,406
$0.08
,
plans
Mr.
textile
Current
Liabilities—
of
HAfter
.
59,332
.
___
1773; V. 159, p. 115.
p.
1943.
Reserves
$791,919
common
new
estimated
United Corp.
tlncludes wholly-owned sub¬
Corp.
tAfter post-war refund
of
1943,. also after $4,100,184 debt re¬
Total ;
Notes
per
manufacture
Quarters Ended March 31—
$6.29
accounts
Deferred
Tybor Stores, Inc.—Earnings—
Earnings
—V. 158,
the
in
Hogansville, Ga., and Winnsboro, S. C.—V. 159,
subsidiaries.
transformation
accounts
♦Fixed
for
YY^YYIYy;
'•'6 Months Ended Dec. 31—
Net profit, after
14 by Herbert E. Smith,
cord
15,588,873
$5.95
■_
Investments
$2,000,000
,
14,894,751
$5.30
...
possible decline in inventory values of $4,000,000 in 1913 and $3,350,000
in
1942.
SAfter allowing for reserves for
depreciation, depletion and
amortization of
needed
Corporation.
Income
§5,000,000
21,020,432
Inventories
and
deducting
tAfter
1942.
April
Government's
Tenn.;
_•
■_
1110,000,000
...
Dr226,946
in
in
UFor
Advances
,.
of
securities
wholly-owned
:
Sundry
245,473,370 226,700,000
"Includes
on
the
600,000 medium-sized synthetic rubber
truck tires."
the
is
Other
._Y
Cr57,594
______
receivable—officers' and employees..
Unreimbursed
costs
under
cost-plus-filed fee
contracts and accrued fixed fees
266,915
________
adjusts.
Accounts
507,835
.
sundry
Crl,304,401
__r__
reserve..—...
credit
-
Trade
773,966
414,095
years..
for
res.
to
to prior
Cash—employees' Fed. taxes (contra).
Cash—employees' war savings bonds (contra)..
U. S. Treasury notes and certificates.
3,564,340
taxes...
Surplus
Common
Cash
2,500,000
4,353,840 .;.;
■
stock
10,626,764
■
Assets—
33,436,400
equipment repairs..—____
...
9,152,958
capital stock,—,.
V~Y
39,309
'.v; 45,508
stock
31,215,637
9,270,433
cord
of
14,494,256
32,685,715
Comparative Balance Sheet, Dec.
2,025,700
30,436,400
credits
Preferred
15,588,873
30,290,865
.......
562,500:
-——-A-—50,267,921
Deferred
V
336,562,
.^-
of
economy.
2,729,151
Other reserves
.
K
36,259
.....
income
of
October,"
16,721,381
adjust, applic.
tirement
3,896,594
7,959,035
replaccments--u.__ii!i-l^.,'
Reserve
announced
part
a
ployed."
48,393,173
17,096,842
'surplus......
earned
'-"Includes
4,067,250-
4,257,613
...
War-time uncertainties (reserve)
Reserve for tanker
$35,075,437
15,396,114
14,894,751
sidiary,- United Aircraft Service
$3,897,271 in 1942 and $7,000 in
776.444
10.245,685
.
i__
J...
obligations.^.
adjustments
t36,937,245
is
bus
"Present
13,470,293
taxes.
. '■■ Balance, surplus—end of year..
Earnings per common share......
3,000,000
1,146,538
taxes.
debt...
Post-war
profits
surplus
Cancell.
•
15,820,963
companies....!
purchase
Cost
78,732,949
6,388,090
tire
and
chinery,
148,102
income
Transfer
vY'-''
•
accounts payable..^..- ; 3,026,215
Taxes-payable, other than Federal income taxes
5,313,762
Accrued interest;u.-.i—'u.———1__ Y,
•,300,828
dividend payable on preferred
stock-l.i^^.-^7-~rr562,500
Due
excess
58,560,369
6,624,021
plant
tires," Mr. Smith said.
"When completed, this
plant
will produce
12,000,000 pounds of twisted rayon tire cord
annually,
enough to build
1,340,784
58,957,385
_
new
rayon
truck
77,392,165
2,328,747
'
taxes
Dividends paid on
Net
2.031,-126
■
1,200,000
year
year.....
Accounts -payable, trade
Wages and miscellaneous
HProvision for estimated Federal
56,231,622
1—
___.
income
Total
245,473,370 226,700,000
—
..'-.YY
more
2,126,491
,116,518
900,691
Net
6,046,005
receivables
_____________
.■■Liabilities—
income
Previous
1,877,000
179,597
,906,005
Deferred charges
Total
56,396,541
2,560,844
______
income
Federal
5,826,983
,833,900
equipment
"The
was
President.
jg
to tire
(affiliated companies),
(172,743 shares of cap. stk.)
(101,969 shares of: cap; stock)„
Corp.
*1941
^
-
—
Other, deductions
•»
advances
investments
income
Federal
Com-
;
South Penn Oil Co.
Other
Gross
Scottsville, Va., it
fl942
J
\
tankers
S.'Maritime
«.
-
•
sales
Total
32,047,693
re¬
13,008,943
fund
agreement
mission
*
Plant
2,844
694,879
29
'
*
210,677
1,632
1
redemption
of
Other
.
Construction
■'under
22,459,216
■_—__„
trade acceptances
at
13,691,686
YY 233,265
•
to
1599
1
___.
151,540
697,271
;
Years
and
Cost
1942
$
hand—
on
Calendar
operating revenues:.—— 734,078,139 519,419,666
307,389,494
and oper. expenses..
676,150,277 461,982,849 228,538.620
Depreciation
1,531,321
1,205,195
1,458,709
31
1943
,
.
"Marketable securities
tAccounts receivable
Loans
Dec.
'
:
Assets—
■
'
•
Sales
for
t1943
'1
■
Comparative Consolidated Balance
Sheet,
•
Consolidated Income Account
V
ernments: in
automatic
Work
Block-Remote
was
were
block
in
left
$12,451,207
This
was
for
$8,758,574
purpose.
made
Control"
by completing the
signals
signal
between
Naples,
at the
end
of
svstem
progress
on
the
the
35
line between
Decatur, 111., and Springfield, Illinois.
During the year the company retired $19,213,382 of its outstanding
funded debt.
In addition, $1,890 of bonds of a subsidiary company
guaranteed
retired
as
during
to
the
principal
year.
and
interest
by
the
Wabash,
were
also
•
1943
1942
$80,067,520 $68,449,908
$50,800,291
*19^
6,163,206
total, $22,437.—V. 158, p. 1578.
683,195
2,974,484
1,123,294
---1,239,975
822,615
1,295,954
493,631
1,438,896
1,529,971
1,124,192
359,414
807,5-3
320,424
—
Passenger
10,399,942
—;—,—.
Mail
IIII"I!
Express""!" I
Miscellaneous
Incidental
—
i—
,
———-—
facility
Joint
368,762
«
of way and structures——
Maintenance of equipment——.——
Traffic
—
—
expenses..
Net
from
revenuey
operating income
payable, Dr
Railway
Net
income
Total
-
income
charges
Net
$9,967,037
206,770
326,719
1,208,463
to credit of profit &
Transf.
deferred
1942
$
Special
Traffis
and
188,238
1,711.879
2,967,648
4,308,172
114,314
4,242,796
from agents and conductors
receiv.
Miscellaneous
receivable
accounts
Material
supplies
and
——_
—_
-————
31,811
72,928
*2,110,392
Unadjusted debits———.—————————
3,681,123
Deferred
.
—,
.
—
assets
current
assets
Total
u
Wholesale
debt
Long-term
Audited
—
and
accounts
unpaid-—
matured
Interest
228,022
1,028,446
Gross
1,254,908
payable.—
3,037,743
381,534
47,482,320
14,961,736
Total —273,653,695
263,806,366
tax
Accrued
Other
—
accrued
liability
liabilities—-—-———-—:
current
liabilities————.
Deferred
Unadjusted
Corporate
credits.
surplus
^
—
———————
1,399,633
313,148
of
reserve
Sales
159,
67c
to do everything
within
ment
a
it
operations,
I
authorized
the
merger
of telegraph
it reasonably can to bring about
Ward Baking Co. (&
our cable system—to
purchaser."—V. 159, p. 1193.
a
*Net
$284,476
pfd.
per
t$1.25
share—
$53.30
weeks
share
a
ended
Sales for
Dec.
on
March
the 13
25.
on
last
the
which there were unpaid dividends
^Adjusted.
§For period of 13
-
,
In
meeting held
to
response
agement is working on
the
has
V.
pfd.
per
Warner
Bros.
of
and
by
the
11
man¬
Pictures, Inc.—Suit Dismissed—
in
U.
District Court
S.
suit
filed
in
December,
and
distributors
to
sell
at
Philadel-
feature
films
for
first-run
The
of
the Sherman anti-trust law,
95,589
1,815,330
854,242
1,815,830
1,815,010
1,138,854
$11.71
$6.62
854,338
5,685,848
including payments
taxes,
required
Laws,
the basis of a
Security and State Unemployment Tax
Social
with
hereunder
$4.50
$4.43
and local
State
comparison on
per employee:
six-year
a
outstanding and
stock
common
Per Share of
:.
Per
Com. Stock
Employee
Total Taxes
/
-
1— :
:
$3.38
$1,940,360
$14L
>
P.
;
195
7.02
~
234
:•> 10.521,674
18.48
9,253,884
16.25
531
6,229,516
-
10.94
370" /'
;
!'.!■'■ '/;.■!
in
adv.
&
to
other
&
assoc.
Inventories
accounts
•'
-
254,444
45,156
—
•
32,021,315
55,630
73,019
10,093,890
receivable—8,785,301
Post-war excess profits tax credit
;
480,000
U. S. Government securities
11,632,454
Cash
2,888,847
Deferred charges
2,492,490
and
Accounts
notes
475,000
7,515,203
—
Total
2,165,686
-
—
—
-
^
248,234
98,094
-
30,314,243
receivable-^.-
:
—
and
notes
Miscellaneous
3 014,918
3,048,385
cos.
under stk. purch. plan
empl.
from
under which Goldman filed the
suit,
Chlorine Products Corp.
-
'
;
corporation has filed a
.
—
Registers With
ties
and
lative
does
159, p. 978.
Wayne Pump Co.—Earnings—
;
■$
bonds for
——-
due
/
72,726.472 J4,lHi4SjJ
employees
Balance
1942
1943
■
•
$
Investments
567
-
Sheet
Balance
Consolidated
!!;•-
2.614,598
132,723,422 132,431,412
-
Liabilities—
$5 cumulative preferred stock——
36,316,600- 36,316,600
——
29,188,450
——^——
29,188,450
————————32,400,000
33.600,000
4,006,820
Accrued
—————2,422,732
Colls,
from
empls. for war bond purchases—
254,444
Long-term debt payable within one year
1,200,000
Res. for relining and rebuilding furnaces, etc.— '
235,556
Reserve for contingencies—
i—t
2,317,918
4,285,535
2,674,060
248,234
1,200,000
666,002
1,540,707
stock
♦Common
Funded
——
-
debt
Accounts
payable
liabilities.
—
surplus ——————680,304. / ■ 680,304
(earned 1 ■>«.—,i——_——, ;24,289,310
22,620,223
Capital
Dr588,712
<Dr58G,712
____„————i—
'
132,723,422 132,431.41?
Total
♦Represented by 583,864 no -r
par shares.
tAfter reserves for
i943 and $62,368,686 in 1942. v 15g( p
tiop of $67,170,250 In
depreeialg44
;.;1
Earnings-
Wilson Jones Co.
Feb. 29, '44
sales
2,921,000
Net
Other
$3,515,000
3,076,000
$302,000
$439,000
—————————
goods sold
of
Feb. 28, '43
$3,223,000
6 Months Ended—
Net
profit from
and expenses—
operations—
.
income
V
—-
income
Total
income
93,000
per
———
—
share on 263,500 shs. capital
stock
75,000
220,000
$134,000
164,000
(est.)
——.
„—
paid in cash
$460,000
98,000
——
Provision for Federal income taxes
21,000
23,000 ;
$325,000
—————
—
deductions
Other
Earned
3556.
'
5.62
—
a
it was
shares.
-
3,202,912
4,001,714
'
—
Dividends
Co.—To Recapitalize—
$165,000
$0.51
$0.63
.
198
0d0
Comparative Balance Sheet
Feb. 29,'44 Aug, 31,'43
Feb. 28, '43
hand and demand deposits.,i$l,054,000
U. S. Treasury certif. & tax notes
693,000
Accounts & notes receiv., less res.
585,000
$1,098,000
$1,014,000
567,000
827,000
1,166,000
1,289,000
1,264,000
83,000
10,000
11,000
12,000
32,000
8,000
12.000
31,000
19,0Q,0
1,048,000
1,072,000
1,104,000
241,000
241,000
241*000
36,000
49,000
55,000
7,000
8,000
13,000
$4,957,000
$5,090,000
$5,090,000
$342,000
$318,000
Assets—
Cash
on
Inventories
Sundry investments and advances—
Officers' and employees' notes and
accounts
refund
Post-war
taxes
prof,
of exc.
equipment, net (exclud.
idle plant) ——
Idle plant, less reserves for deprec.
and
loss
on
disposal—
Plant
717,000
530,000
and
charges
Deferred
amortization.
less
Patents,
.
—
'•
-
registration statement with the Securi¬
Commission covering 35,000 shares of $4.25 cumu¬
(no par).
F. Eberstadt & Co. is named as the
principal underwriter. - It is expected that a nation-wide group will
make a public offering of the shares late in April.
A special meeting of the stockholders of the company has been called
for April 24, 1944, to authorize the new issue.
The company has outstanding 56,003 shares of $4.50 cumulative pre¬
ferred stock and 353,132 shares of common stock listed on the New
York Stock Exchange.—V. 159, p. 1393.
in
.
apply.—V.
136,
SEC—
competition with Warner theatres in Philadelphia.
.
Judge Kirkpatrick, while saying it appears that Warner's do have a
'monopoly" on first-runs in Philadelphia,, asserted the monopoly is
purely "local" and does not affect interstate commerce. Consequently,
not
below pro¬
Robertson,
trend continued,"
this
Westvaco
1942,
him
467,148
1,815,830
600,000
159, p. 1393.
—V.
claiming that actual damage
$450,000 resulted from the refusal of eight of defendants who are
producers
company in March dipped
the first time in months, A. W.
this
before the stockholders on April 25.
North American Co.,
stated, owns all the common stock and
115,675 preferred
phia.
of
by
for
other motion
Judge William H. Kirkpatrick
Goldman
received
go
suit of William Goldman Theatres, Inc.;
Theatre,
Philadelphia,
against
Warner
picture corporations has been dismissed
Erlanger
8,506,304
share-
Federal
shown
Cost
subsidiary of the North American Co., applied April 6
to
the Security and Exchange Commission for permission to amend
"its certificate of incorporation to reduce the par value of its 7% cu¬
mulative preferred stock from $50 to $25 a share and the aggregated
stated value of the 280,000 outstanding shares of no par common
stock from $3,080,000 to $280,000.
The company asked the .right
also to change the designation of
the preferred stock from "7%
cumulative" to "$3.50 cumulative" to
maintain the rate of dividend to which the stock is entitled.
.
The aggregate reduction in capital, amounting to $5,800,000,' Would ■
be credited to the company's capital surplus account.
The plan is to
The $1,350,000 triple damage
operator
Brothers
■:!>■! Wu.'.
Exceeds New Orders Received—
the month
for
Company,
".V
.
4,441,964
divs.—
com.
the
Net
to include them in the plan, since it would require
holders of two-thirds of each class of stock.—'V. 159,
of
President of
formerly
West Kentucky Coal
a
1193.'. "
4,339,246
conting._
tLand, buildings, machinery, etc.
international
annual meeting on April 12.
said Mr. Robertson, "it would mean that
company would start to reduce its backlog of unfilled orders which
remained
at approximately $900,000,000 since October, 1942."—
"If
would be necessary
approval
4,618,061
Chairman, reported at the
plan to eliminate dividend arrearages on the
preferred stock.
The recapitalization plan, he said, probably would
give only nominal consideration to holders of the A and B stocks.
It
p.
orders
New
duction
on
stockholder's question Mr. Russell stated the
a
White,
March Output
weeks ended March 25,
dollar volume,
in
year
annual
2,948,075
4,275,000
.
1S44, were about 13% ahead
Faris R. Russell, Chairman, stated at
April 12.
Despite an increase of $25,000
in profits before taxes, however, net earnings after all charges declined.
The decline is traceable to a substantial increase in excess profits
taxes resulting from exhaustion of tax credits.
Mr. Russell described the outlook as obscure, owing to the continuing
inadequacy of the selling price for bread.
Operations were profitable
In
1943 largely because of the cake business, and this condition still
prevails.
No relief is in sight except for possible permission from OPA
to
increase bread prices.
This is considered unpromising, however,
since it is a political year.
The differential between cost and selling
price of bread has practically vanished, he stated.
of
2,375,000
1,079,000
Special deposits for purchase of war
such a divest¬
1943,
25,
1.625,305
2,380,000
excess
■/•.'.Assets—
com¬
Vice-President and General Manager of
International Co., a subsidiary, has been elected
Pres. and Gen. Manager of that company to succeed George H. Bucher,
who
becomes
Chairman of the
Board.
William E. Knox, formerly
Assistant General Manager, has been elected Vice-President
W.
John
depreciation and provision for Federal income taxes amount¬
ing to $301,100 in 1944 and $240,000 in 1943.
fOn the 255,808 shares
of
54,820
314,724
Westinghouse Electric
♦After
,of $7 cumulative preferred stock
24,377
on
dividends
Surplus
•!'■.!••!•' '
Subsidiary—
*$142,102
$0.55
$320,363
$1.11
profit
Earnings
24,736
1,440,845
—
1942—
competitor, and I know of no other
Westinghouse Electric & Mfg. Co.—New
§Mar. 25, '44 Mar 20, '43 Mar 21, '42
1,267,521
1943
is practically impossible for Western Union to do this.
that we could not sell our international properties—
namely,
Subs.)—Earnings—
C
1,202,927
—
Year—
absence of legislation" per¬
in
8,831,775
17,964,338'
cumul. pfd. divs—
share
year.
engaged
777,594
762,970
955,271
12,634,351
1,181,927
prof, taxes
Treasury stock
12 Weeks Ended—J
:
24,957
Fed.
for gen.
Earns,
informed
am
60,980
8,054,181
international operations, Mr." Williams said
"However," Mr. Williams declared, "in the
mitting mergers of
American companies
1944—3 Mos.—1943
73,903
17,201,368
16,057
loss
taxes
Common
>
20,287
inc. & decl.
exc.
cumul.
$5
4,884,683
7,184,229
debt
discount
Profit
earnings.
affect
would
Union
'/'<
1082.
p.
750,000
income
on
Discussing the company's
under the law which
$8,981,509 $28,625,443 $26,216,009
<$10,462,558
—
—V.
taxes
$
93,095,627
72,911,554
...
..
11,679,080
retired
for
Prov.
1944—2 Mos.—1943
1,580,068
$
22,547
948,709
and
normal
profits
$9,384,000
3,586,032
1,488,000
$
8,047,521
oper.
funded
on
value
Prov.
1944—3 Mos.—1943
$4,160,000
$5,015,000
4,393,000
4,369,000
900,209
174,000
.1940
1941
1942 >.
.
.
interest
Fed.
;
that
Walgreen Co.—March Sales Up 13.1%—
1944—Month—1943
fr.
of debt
exp.
under
Fed.*
;!!..
.
.
<
Statement
8,996,230
Flood
$14,732,902 $10,975,455 $30",061,273 $22,287,378
revenues—
before
Income
$
<.
accounts—
Other
panies, Western Union was required to divest itself of its international
telegraph operations within a reasonable time to be fixed by the Federal
Communications Commission and at a pfice to be approved by the
Commission.
The Commission, he said, has since directed Western
$1,216,900
Period End. Mar. 31—
1944— Month—1943
—
150,
debt.—V.
expense.—
property
Union Telegraph Co.—Earnings— ^
1,816,470
factor
representing revenues subject to
possible refund to Government agencies under pending land grant rate
adjustments.—V. 159, p. 1393.
■.
I;,.,;//
*Includes
and
Telegraph, Inc.
0/iv
He
pointed out, however, that a sharp increase in maintenance
charges for the company's properties would develop in the months to
come
as
the weather improves and permits such work, and that this
41,950,025
7,537,661
rents
declared—
dividends
Unmatured
194308
disct,,
—
Interest
Amort,
prepaid expenses and
$8,553,000
funded
outstanding
no
.",.1943
,
income
Profit
249,000
Net income, after chgs.
531,282
263,567
.1,075,926
375,124
While net income in the first two months of this year increased to
$1,075,000 from $375,000 in the same period a year ago, it is unlikely
that
such a showing will continue, A. N. Williams, President, told
shareholders at their annual meeting on April 12.
Part of the in¬
crease, he said, reflected the business acquired by the merger with
1,308,186
294,793
Unmatured
;
inc.,
Fed.
13,465,594
unpaid.—
matured
$3,067,000
has
—_
profit
Other
'' '
Government
less reserves,
U. S.
Postal
20,529
1,399,633
312,231
27,642,030
Dividends
$2,972,000
__
taxes
1,508,502
interest
Unmatured
1944
1193.
oper.
Oper.
205,030
1,062,785
accrued
accounts
Miscellaneous
payable
wages
sales
p.
Western
89,182,918 89,182,917
83,914,675 103,118,169
2,806,970
2,459,923
stock.—..—;
159,
—v—
Period End. Feb.
Liabilities—
Capital
sales
Combined
-V.
273,653,695 263,806,366
—
1944—Month—1943
$1,512,000
$1,674,000
1.460,000
1,393,000
sales
paid by Wheeling out. of general
purchase and cancellation of all of
be
or
capital
.
and
are
10,145,659
Other
receivable—
dividends
and
receivable
Rents
26,
$6,960,352;
Supply Co.—March Sales—
Period End. Mar. 31—
Retail
25,359
31,383
39,178
".183,853
Interest
hand,
common dividend payable April 1,
Federal income and excess profits taxes
Western Auto
94,317
1,941,842
2,316,337
Dr
car-service balances,
less
etc.
Gross
259.
7,160,196
of
presently
Taxes—Federal,
12,010,800
7,565,461
Net balance
$0.83
accrued liabilities, $5,433,870;
for
p.
6,010,955
—
Temporary cash
$194,498
$1.46
1944, $145,782; re¬
and State income
taxes, $7,001,701; reserve for post-war adjustments, $800,000; $4 con¬
vertible preferred stock (300,000 shares, no par), $17,813,036; common
stock (600,000 shares, no par), $2,758,750; paid-in surplus, $3,200,000;
capital surplus, $5,805,751;
earned surplus, $13,502,670; convertible
preferred stock, reacquired (8,000 shares), Dr$480,840; common stock,
reacquired (16,871 shares), Dr$245,411;
total, $74,167,309.—V. 159,
$5,532,113
investments———18,766,103
deposits——,,
————17,634,509
Cash
$559,102
$0.98
$292,000;
——_w,—-u.; 216,055,623 218,049,185
Investments
$282,216
banks, $18,140,000; accounts payable
preferred dividend payable March 1,
to
payable
Liabilities—Notes
.
$
291,564
patents and trade-marks, net, $123,534;
charges, $214,605; total, $74,167,309.
serve
1943
584,200
291,565
accounts and 'i notes receivable,
$36,897,692; other assets and investments, $2,748,717; land, at cost, $1,382,427;. buildings, machinery and equipment,
at
cost' (less reserves for depreciation of $12,072,535), $14,763,131;
process
of
preferred stock
121,359,532 118,988,790 131,205,180
Cost of sales and oper.
100,746,637
94,863,389 100,663,396
Prov. for depr. & depl.
5,970,171
5,272,490
5,238,824
Sell., gen. & adm. exps.
6,572,656 i. .7,153,544
8,027,689
Prov. & chgs. for doubt...
!" vf
$1,070,262
584,000
291,565
$2,004,579;
securities,
31
General Balance Sheet, Dec.
$1,434,667
584,000
sales,
returns,
$9,072,272; inventories,
;
Assets—
$1,157,781
——
and on
stock
Consolidated
Gross
share..—_—
banks
in
date
the
to
6%
of
Wheeling Steel Corp. (& Subs.)—Annual Report—
524,909
.
and
$4,904,338
$6,976,658
loss
and receivers' accounts.;
♦Combined corporate
92,461
3,800,000
'•
./•
196,101
1,399,633
175,513
1,399,633
dividends———————
110,215
Sheet, Feb.
1944,
funds
reserve
Preferred
Wheeling
notes
Assets—Cash
will
redemption
preferred
Calendar Years—
127,527
2,172,000
—
dividends
the
Upon
7%
$1,722,698
———
Surplus
unpaid
shares
972
3993.
157,572
$5,327,128
_——_—y
dividends
of
Gas for $94,882 (stated to be American Gas' cost/of
plus accrued dividends thereon to the date of delivery.
accrued
stock.
Federal
&
——
dividends
Earnings per common
& other
to sinking
187,116
$3,439,996
——
income
dividends
any
cancellation
$1,565,126
taxes——y
profit
Common
1,452,669
applied
profit
Preferred
$5,532,113
$8,279,460
charges—.—
fixed
after
State
&
excess
4,177,788
Interest on fund,
Income
Federal
$9,709,901
2,573,881
applied to capital fund-—
debt, conting. int.
Income
Income
Interest—
$9,788,652
78,751
$10,853,341
-
$5,140,012
196,782
——
' 674,003
2,402,169
__.r
37,239,058
424,821
ii_-.
income
Total
$9,114,649
chrgs. $12,369,206
for fixed
available
Income
income
operations——_
from
Other income
5,110,863
$12,541,207 $11,798,077
172,001
944,735
—-
-
deducts, irom
Miscellaneous
56,235,340
458,117
for
of Wheeling
will be reduced by'
$2,582,800.
Wheeling will amend its charter to eliminate from its
capital structure the preferred stock so that the authorized sharps
of
Wheeling will consist solely of 150,000 shares (no par) common
Feb. 26, '44 Feb. 27, '43 Feb. 28, '42
$61,138,503 $61,833,469 $39,229,005
57,407,265
488,024
plus
share
per
Monday,; April! 17, 1944
American
such shares)
p.
Profit
i 743 570
$11,777,668 $11,051,645
763,540
746,432
operating income——
ry.
Other
from
the
$3,243,214
admin. exps._
__
$16,669,314 $16,899,802 $13,085,372
4,891,646
5,848,157
3,970,724
—
—
Cost of sales, selling,
Depreciation
1,74j,o/u
99,1/1
14,961,300
24,495,373
sales
$110
redemption;
(2) Purchase
funds.
Snowdrift Co., Inc.—Earnings, Etc.—
&
of
price
The
Ended—
6 Months
Net
$31,861,102 $18,196,235
operations $41,164,687
ry.
qoo'og?
——
Railway tax accruals
rent
1
1,988,897
2,302,733
—
Cr__
Transportation for investment,
Wesson Oil
20,270,706
27-^9,908 25,005,541
Transportation, rail line———
Miscellaneous operations
General
698,241
$95,520,547 $7^-^8,484 $57>533<540
10,584,039
8,221,286
6,889,880
10,718,691
9.401,440
?'qco'i11
2,104,848
1,933,290
1,868,145
operating revenues.
Total railway
Maint.
Fixed
from our foreign subsidiary com¬
791,083
Freight
"
information received
upon
panies, the net earnings of those companies for the three months'
period ended Feb. 29, 1944, and which are not included in the above,
are as follows: English subsidiary, $19,903; Brazilian subsidiary, $2,533;
Railway operating revenues—
Net
Based
Calendar Years
Account for
Income
:
FINANCIAL CHRONICLE
THE COMMERCIAL &
1600
Exchange
preferred stock
Total
Liabilities—
payable
Provision
for Federal
Capital
Total
-V.
.
$276,000
322,000
449,000
.586,000
2,635,000
775,000
883,000
2,635,000
775.000
913,000
2,635,000
$4,957,000
$5,090,000
$5,090,000
taxes
income
(par $10)
Capital stock
Earned
accruals——
and
Accounts
surplus
;
surplus ——-—"
'
775.000
818,000
159, p. 893.
Comparative Income Statement
3 Months Ended—
Profit
after
all
credits &
Estimated Federal
Net
profit
♦After
This
period
for
and
report
for
the first
Note—No
does
based
for
not
011
for
other
does
the
charges except Fed. income taxes
income
the
reserves
ment sales
Feb. 29
$190 900
_
contain
the
since
in
usual
of
comparison with
did
we
renegotiation
not
.
publish
any
govern¬
the
same
statement
quarter of the last fiscal year.
provision
has
been
that
made
the company
available information.
ennoar
for
will
excess
have
profits
any
taxes
liability
as
it
therefor
•
Amend Charter—
declaration has been filed with the SEC pursuant to the
Public Utility Holding Company Act of 1935 by Wheeling Electric Co;
and American Gas & Electric Co. regarding the following:
Wheeling, a subsidiary of American Gas & Electric Co., proposes to
^rrnw from
three New York City banks, Irving Trust Co., Bankers
Trust Co. and Guaranty Trust Co. of New York, $2,000,000 and to
issue notes therefor bearing 2%
interest.
Semi-annual payments on
account
of principal will be made which will liquidate the loan in
six years.
The proceeds of the loan, together with treasury funds of
Wheeling to the extent necessary, are to be applied to:
(1) Redemption and cancellation of 24,856 shares of 6% preferred
stock of Wheeling now in the hands of the public at the redemption
A
135,000
possible adjustment
contingencies.
year,
Wheeling Electric Co.—To
*$325,900
taxes
period
not
prior
'44
joint
!
Woodward Iron Co.—Earnings—
y
1944
1°4.9
$252,728
$251,815
Earnings per. share—1
I——1—11—
" $0.75
$0 75
The 1944 earnings is after deducting $90,000 for general contingencies
and $6,357 for Federal excess profits tax, and the 1943 earnings is
Quarter Ended March 31—
Net
profit
after
after taxes of
charges
.
taxes
and
-
1_'
$261,758.—V. 158, p. 1580.
.
(F. W.) Woolworth
Period End. Mar 31—
—V.
Co.—March Sales Up .4.9%—
1944—Month—1943
1944—3 Mos.—1943
$34,528,982 $32,901,210 $94,901,405
Sales
159,
p.
1489.
!
>
■
.
'
$93,505,722
Volume
159, ' Number 4273
THE COMMERCIAL & FINANCIAL
CHRONICLE
Selected Income And Balance Sheet Items
Glass I
Condition Of National Banks
The
Railways For December
and balance sheet items for class I steam
for the month of
States
statement of
condition
CONDITION
railways in the United
OF
NATIONAL
These
figures
report is
1943
income
opei at.
$74,674,955
income
_
39,332,190
201,322,897
1,667,035,512
12,841,797
14,952,760
41,011,428
198,759,325
1,520,287,976
101,9?9,920
___■
fixed
after
charges™
181,122,978
473,521,683
1,436,769
43,948,670
84,583,935
57,981.250
114,175,390
32,892,460
34,814,344
(way
and
Amortization
of
projects
49,425,112/"
18,926,574
16,896,855
873,988,150
other
246,251,724
145,582,695
42,584,734
91,958,827
1,334,894,088
755,369,014
24,051,595
22,723,979
179,415,165
9,1.90,143
and
real
Interest,
other
owned
than
other
estate
banks,
171,744
5,237,131
5,159,968
36,637,713
,
and
2.35
2.55
15,227,391
indirectly
representing
bank
acceptances outstanding—
rent and other income earned
on
commissions,
premises
———
V
All Class.I
;
,.■%
Railways
Selected Asset Items—
Investments
in
stocks,
r
;
-.»•
1943,
•Class I Railways Not in
Receivership
Balance at end of December
or
Trusteeship
Balance at end of December
other
than
affiliated
com-
1942
1943
1942
but
-
.
v
r
$538,894,683
$551,049,458
919,046,733
910,777,762
101,664
46,140
56,978
56,862
66,156,984
64,531;917
20,518,146
30,901,323
33,254,837
8,971,178
9,501,379
10,853,187
9,926,259
4,589,354
2,900,361
2,603,884
2,934,654
7,156,360
7,313,763
7,160,133
633,962
613,519
929,170
61,787,055
60,156,181
45,429,851
51,918,952'.
49,847,504
9,329,510
of
States
and
political
subdivisions
.
Other
of
banks—.—
deposits
——
(certiiied
cashiers'
and
1
—__—
checks,
9,868,103|
10,308,677
etc.jj
payable, rediscounts and other liabilities for borrowed money—____"
Mortgages or other liens on bank premises and other real estate
5,951,128
Acceptances executed by
or
36,718
67
66
61
34,390 '
37,836
31,642
25,622
26,442
23,881
98,816
111,884
118,469
214,460
238,413
for account of reporting banks and outstanding
Interest, discount, rent and other income collected but not
earned—
Interest, taxes and other expenses accrued and unpaid——
liabilities
4,231
____;
_____
—._—_
—._
liabilities
...—
——
8,155
234,086
55,146,947
812,525,449
228,826,039
141,683,366
1,178,122,840
192,625,952
215,429
314,733
211,512
710,010,192
259,688
Reserves
1,498,008
retirement
1,619,769
635,839
541,595
268,555
275,539
266,563
3,825,405
for
account
■1,496,455
1,510,737
3,918,570
3,95.9,442
.58,972,352
66,156,984
64,531,917
"t'*
accounts
(see memoranda below)—
and
60,572,475
584,169
capital
62,238,414
1,474,673
————————
654,424,806
receivable.
and
26,207
„
54,769,361
Deposits
♦Deposits
$509,908,794
v
Special deposits
Traffic
107,788
not
—.
; :
I
1,553,460,276
bills
34,411
86,079
accrued
———
Invest-
merits';
and
47,275
LIABILITIES
Capital stock
Loans
47,769
30,509
or
deposits of individuals, 'partnerships and corporations.
deposits of individuals, partnerships and corporations.™;.™.:
Deposits of U. S. Government and postal savings—
Other
$594,165,373
—
cash.
33,990
49,285
Time
♦Total
-
Cash
Temporary
547,470
40,748
"*>
•
1,229,302,861
panies
16,080,664
564,415
58,972,352
.
of
15,423,238
or
——
assets
'
1,933,187
1,243,450
47,530
—i—_—'™-,__—________________
liability
•'
566,697
premises™.————
2.4^
2.32
.
'■
those
47,637,785
1,626,304
1
.
fixed
♦
etc.,
149,061
49,881,637
|
cash
:
—_
34,427,287
'charges A*—'
bonds,
145,811
42,918,721
Bills
-
1,266,527
__
balances,
reserve
—
bank
assets
collected
Other
including
10,133,532
32,552,251
35,709,814
1,984,169
1,340,099
-
collection—
10,77$,316
1,675,768)
2,026,333
—
167,825,339
a:-_
Dec. 31, 1943
(5,046 banks)
28,514,634)
__
.L-
furniture and fixtures..
903,778,458
315,961,803.
15,227,065
49,550,028
stock
preferred stock
fiRatio of income to
Oct. 18, 1943
(5,058 banks)
58,272,346
appropriations:
common
■
Demand
—.
1943, OCT. .18, 1943 AND DEC. 31, 1943
dollars]
962,050,804
—
defense
On
■
-
81,282,930
26,085,855
of
656,081,430
923,413,262
j.
ana
equip.)
Federal income taxes.™
.*
165,465,938
429,792,121
1,616,655
596,874,714
23,166,906
tNet income
On
17,332,348
67,116,023
135,564
254,882
investments_
with
items in process of
Bank premises owned,
Investments
9,142,245
fixed, charges
structures
1,618,132,234
34,551,543
*
Dividend
,
and
balances
other
charges
Depreciation
48,903,278
<
♦Cash,
Customers'
equipment
Total
;
loans
Total
roads
deductions
Contingent
STATES ON JUNE 30,
thousands
Loans and discounts,
including overdrafts.
A.
(J. S. Government securities, direct
obligations
—;
Obligations guaranteed by U. S. Government
Obligations of States and political subdivisions..—
Other bonds, notes and debentures—..—___
Corporate stock, including stock.of Federal Reserve banks
Real estate
charges
•Interest deductions
Inc.
UNITED
1943
details for previous
ASSETS
182,565,843
1,561,299,404
for
,
and
THE
$1,484,469,669
213,712,085
__
available
Fixed charges:
Rent
for
leased
Other
1942
$1,359,976,507
deductions
income
fixed
$174,379,895
40,096,762
Miscellaneous
from
1943
114,771,717
income
Income
For the 12 Months of
1942
'
Comptroller's call of Dec. 31,
(5,066 banks)
Railways
For the Month of December
;
Income Items—
Total
IN
_—_
All Class X
the
compiled from
were
follows:
as
under
June 30, 1943
subject to revision and
are
reports representing 136 steam railways. The present statement
excludes returns for class A
switching and terminal companies. The
Other
BANKS
fin
132
ry.
the National banks
been issued and is summarized below. For
purposes of comparison, like
calls back to and
including June 30, 1943, are included.
December, 1943 and 1942, and for the 12
ending with December, 1943 and 1942.
months
Net
of
has just
The Bureau of Statistics of the Interstate Commerce Commission
has issued a statement showing the aggregate totals of selected in¬
come
1601
preferred stock___——.—„
—
102,963,757
Total
capital accounts.
car-service
1,531,515
'
balances
Net
(Dr.),
—39,612,123
37,025,330
30,350,113
32,185,368
159,731,895
156,966.700
130,738,982
129,976,561
Class A
preferred
656,926,199
balance'
444,740,368
514.596,415
353,126,138
Class
preferred scocx_.
532,720,734
503,900,792
425,907,928
405,548,530
Common
♦Total
liabilities
/md capital accounts.
receivable
*
from
1
agents
and
con-
memoranda
ductor.s
Miscellaneous
accounts
re-
ceivable
.
Materials
Interest
and
and
supplies
dividends
21,772.555
receivable
Other
current
value
of
B
capital stock:
stock—
126,199
17,561,344
18,175,821
16,233,001
1,810,939
1,508,664
1,019,705
13,059,947
39,363,218
8,645,478
assets...,. 4,468,381,795
3,048,333,426
3,441,890,248
2,414,385,155
'Total
current
{Funded
debt
within
<
v
six
months
104,906,859
143,555,765
16,520,120
16,178,304
83,536,147
125,098,972
3,100,000
preferred stock
1,104,200
,
_
and
balances
(Cr)
203,825,761
_
121,156,796
159,458,624
80,043,095
accounts
payable
Interest matured
unpaia..
490,751,908
....
264,199,682
68,654,026
and
15,424,046
14,897,973
48,967,587
51,999,413
21,817,697
21,570,763
21,817,697
-
17,070,684
17,121,097
1,726,060,709
978,949,204
14,527,312
1,465,597,651
877,556,188
183,099,255
liability
66,773.337
134,644,864
<
U.
S.
liabilities.
accrued
2,917,922,400
14,724,260
than
U<
S.
"-Represents
1,540,214,967
185,845,742
—
accruals,
859,143,698
Secured
including
the
amount
income
was
the
months,
in
ratio
was
1943, 2.28;
as
follows:
December,
twelve months, 1942,
default.
tFor
-97,611,996
railways
not
in
December, 1943, $43,720,066;
ended December,
1943, $686,731,392;
includes payments of principal of
in default) which will become due within
lIFor railways in receivership and trustee¬
1943,
0.36; December,
1942, 0.90; twelve
glncludes obligations which mature not
1.90.
one year after date of issue.
•"'Figures include
which emerged from
receivership on Dec. 31, 1942,
which emerged from
receivership on Dec. 1, 1943.
returns
Co.
Louis
779,944,192
160,425,891
follows:
as
than
more
RR.
(other
than long-term debt
months after close of month of
report,
ship
chase
'
agreements
Other liabilities secured by
Amends Reserve Board
17,171,671
Consumer Credit Role
Announcement
of
the
Ann
of
work
which
they
sometimes
in¬
volve.
"Although
the
makes about
15
amendment
small
changes in
the
ment to its
Regulation W, relating
credit, to become ef¬
fective April 3, was announced on
anything
jMarch 23 by the Board of
mit
the
/
of
Federal
:
amend¬
an
Gov¬
Reserve
'
announcement, which
of U.
the
of
on a
portance
now
to
requirements
of
sufficient
warrant
the
that
im¬
extra
Most of them per¬
the
more
the
on
a
important
form
information
of
purposes
of their
concerning
the loan
which
they have heretofore had to obtain
but
form prescribed by the
they
^ntion to
Other
may
use
continue
at
board,
their
the prescribed form.
changes
give
327,657
Series E bond
accounts
30,901,323
33,254,837
4,288,862
—
10,524,185
5,602,185
American
Deposits
branches
of
branches
banks
of
in
of other
and
and
Reserve
249,317
2,694,905
6,856,696
6,693,091
and
foreign banks)
foreign
countries (including balances of foreign
but excluding amounts due to own
1
412,177
—*
——
,
cashiers'
checks
(including
checks sold
travelers'
banks
banks
2,374,437
6,693,266
private
239,114
2,641,444
:
American banks,
foreign branches)
Certified
t
241,994
Deposits of States and political subdivisions
♦Deposits of banks in the' United States (including
credit
360,484
30,518,146
S. Government:
and
♦Total
dividend
for cash
and
checks),
amounts
letters
due
to
409,678
v.
423,999
vu
of
Federal
(transit, account)
demand
633,962
613,519
929,170
45,429,851
51,918,952
49,847,504
8,971,178
9,501,379
9,926,259
51,580
83,754
6,918
6,134
5,782
258,917
229,447
239,749
46,866
deposits.
43,336
deposits:
of individuals,
of U. S. Government
partnerships, and corporations—a
—
—
Postal
savings deposits—
Deposits of States and political subdivisions——
________—
of
American
Deposits
of
banks
in
branches
banks
foreign
of
in
branches of other
United
the
States
(including
foreign banks)™.,
foreign
American
private
banks
—
93,844
and
—
countries (including balances of foreign
banks, but excluding amounts due to own
branches)—.
time
Total
•
.
:
38,990
' 1
4,051
4,053
4,053
9,339,510
9,868,103
10,308,677
19.17%
.19.10%
—-—--—
Ratio
of
deposits.
required
reserves
——
to
merchants
.
net
———-
demand
Total,. Central Reserve city
Total, Reserve city banks
Total, Country banks
Total,
plus
banks—*
time
deposits:
banks
all
member
♦Excludes
"Memoranda"
National
more
——————
above.
tRevised.
in
JNot called for
17.18%
11.30%
handling
small
the
expansidn
of
priced
accounts
to
$10.
amendment
is
not
in¬
tended to have any material effect
in the way of influencing either
the
credit
It
23
the
United States,
15.63%
the amounts of
which
15.65%
shown
are
under
the
separately.
accounts-r-viz.,
balances up to $10—and in han¬
dling instalment sales of articles
"The
17.14%
11.17%
15.79%
in charge
up
19.10%
17.28%
11.18%
—
—1
F
latitude
balances
——
reciprocal interbank demand balances with banks in
will
borrower
own
"They will relieve both creditgrantors and their customers from
not
8,636,171
accounts
permit banks and
other cash-lenders to obtain from
the
are
330
13,098,574
do
previously
credit-grantor or another
to simplify his operations under
the regulation.
also stated:-.
detailed
not
was
re¬
one
"One
The changes, 15 in number, are
technical or
administrative, de¬ changes
signed to improve the practical
workings of the regulation, says
he
required to do.
r
some
8,155
293
*
>
individuals, partnerships and corporations
War loan
Time
to consumer
.
8,627,686
22,543
Arbor
and the Minneapolis & 3t.
regulation, none of these
quires the credit-grantor to
the board's
13,075,738
Reciprocal balances with banks in the United States
Deposits
System.
11,429,478
pledged assets
Deposits
of
14,365
15,178,346
:
Deposits
ernors
20,873
liabilities:
Deposit
1,305,171,760
119,805,506
for the twelve months
December, 1942, $753,724,624.
ended
long-term debt
97,745
11,603
Deposits secured by pledged assets pursuant to requirements of law
Borrowings secured by pledged assets, including rediscounts and repur¬
Other
December 1942, $86,043,698;
six
1,506,103,577
in/,
.■
trusteeship the net
or
94,679
.
Total
Deposits
Gov-
taxes
twelve months
427,818
94,353
secure
loaned
Demand deposits:
Government taxes.
receivership
2,423;695,094
V
ernment
,
1,784,947,555
tax
•
Other
10,889,550
449,279
629
to
secure
50,237,342
liabilities
current
Analysis
of
liability:
14,613,515
475,922
4,075
pledged
liabilities
15,081,880
59,477,693
obligations, direct and guaranteed,
other
pledged to
Total
Total
171,161
deposits and other liabilities, includ. notes
and bills rediscounted and securities sold under repurchase
agreement
Assets pledged to qualify for exercise of fiduciary or
corporate powers
and for purposes other than to secure liabilities
71,338,781
15,240,047
21,570,763
current
11,258
175,956
—.
58,001,039
52,289,783
unpaid
88,378,296
—:
tax
Government
Securities
76,405,795
83,839,177
Unmatured rents accrued..
Other
403,897,998
76,319,405
Unmatured interest accrued
Unmatured
dividends
de¬
Accrued
327,804,409
115,173,959
matured
S.
deposits
Other assets
and
wages payable
Miscellaneous
clared
159,903
11,606
1.
I
Pledged assets and securities loaned:
U.
car-service
accounts
Dividends
164,350
12,645
8,887,463
preferred stock____
maturing
£Loans and bills payable..
Audited
168,944
17,176,375
A
B
Total
•
Traffic
1,532,096
capital stock:
Class
Eelected Liability Items—
1,497,063
9,469,341
value of preferred
9,551
1,404,492
181,589
Retirable
Class
!
118,053
9,839
1,364,937
1,498,680
Total
1,011,636
44,002,745
_■
assets..—-
122,287
10,877
1,361,604
stock
re-
ceivable
Rents
Par
total
or
the
volume
contraction
of
consumer
outstanding."
was
noted in Associated Press
from
Washington March
that:
Previously down payments were
required on instalment sales of
more
limit
than
was
$6,
$2.
and
the
default
----
-
Others among 15 changes in the
board's
regulations
ex-service
same
men
provide
are
consideration
as
to
have
the armed forces in credit
als and extensions.
that
the
members of
renew¬
THE
1602
COMMERCIAL & FINANCIAL
111999014235——.I
railroads
111999223678——.
7
Of United States
Railroads For The Month Of November
Gross And Net Earnings
a
>
:>./■
.
of
Ss
Amount
Incr. ( + ) or Deer.
.
$690,108,064
502,218,569
(65.90%)
406,416,409
(58.89%)
$259,838,916
$283,691,655
expenses
to earnings--
earnings
—
-
95,802,160
$23,852,739
•
+23,57
—
8.41
geographical divisions,
it is seen that all of its districts—Eastern, Southern and Westernas
well as all the different regions grouped under these districts
record gains in gross.
The increases vary from 0.77% in the Poca¬
hontas region to 17.54% in the Central Western region.
In the case
of net earnings the reverse is true, all districts and regions recording
losses except the Southwestern region which was able to show an
increase of 11.80% and was the cause of the Western District being
able to report a gain of 0.60%.
The decreases run from 1.75% in
the Northwestern region to 28.48% in the New England region.
As
previously explained, we group the roads to conform to the classifi¬
When the roads are
arranged in groups or
cation of the Interstate
"
table.
SUMMARY
OP
GROUPS—MONTH
BY
District and Region
Inc. ( +) or Dec. (—)
%
$
$
$
Eastern District—
1,570,923
8,840,325
+ 6.38
+ 8.03
8,340,116
+ 6.16
26,161,965
118,919,277
143,724,850
24,591,042
110,078,952
135,384,734
+
.288,806,092
270,054,728
+
18,751,364
105,759,329
33,383,555
100,362,912
33.129,959
+
+
5,396,417
253,596
England region (10 roads)
Lakes region (23 roads)
Central Eastern region (18 roads)
New
Great
Total (51 roads)
+
+
+
6.94
Southern District—
(26 ro&ds).—_
region (4 roads).
region
Southern
Pocahontas
Total
139,142,884
.133,492,871
+
5,650,013
82,429,902
177,482,156
74,196,451
71,642,570
150,993,016
63,924,879
+
+
+
10,787,332
26,489,140
10,271,572
roads)
(30
+ 5.37
+ 0.77
+
4.23
Western District—
Northwestern region (15 roads)
Central Western region (16
roads)...
Southwestern region (20 roads)
+15.06
+ 17.54
+16.07
Total (51 roads)
334,108,509
286,560,465
+
47,548,044
762,057,485
690,108,064
+
71,949,421
$
1942
1943
Eastern District—
ft
1,190,124 —12.64
6,596
6,621
8,225,629
9,415,753
—
region.
25,598
25,839
24,179
39,933,243
47,393,553
—
region. 23,986
30,161,491
38,960,940
—
9,777,752 —28.48
8,432,613 —17.79
56,180
56,639
77,348,060
96,748,549
—
19,400,489 —20.05
37,389
37,542
43,035,179'
—•
5,997
6,038
12,991,206
44,920,422
16,318,417
—
1,885,243 — 4.20
3,327,211 —20.39
43,386
43,580
56,026,385
61,238,839
—
5,212,454
—
region. 45,561
45,505
28,952,990
29,467,279
region 55,215
55,469
65,499,776
67,603,788
—
28,838
32,011,705
28,633,200
+
514,289
2,104,012
3,378,505
1.75
— 3.11
+11.80
Lakes
Great
Central East,
Total
District—
Southern
Southern
region
Pocahontas
region.
_
Total
8.51
District—
Western
Northwestern
Central
-
West,
Southwestern
region.
Total
28,757
129,533
129,812
126,464,471
125,704,267
230,031
259,838,916
283,691,655
—
760,204
+
districts_.229,099
all
Note—Our
of the roads conforms to the
Commission, and the following indicates
Commerce
grouping
—
+
0.60
23,852,739
—
8.41
classification of the Interstate
the confines of the different
and regions:
groups
+
on
40,241,684
—
1,54,3,989
+
a
,
_
82,747,438
60,061,636
110,226,942
82,690,190
110,214,702
66,850,734
63,966,101
66,866,614
...
,——.
68,915,594
111,985,638
88,374,131
121,465,161
283,691,654
*—__
22,685,802
+ 27,536,752
+ 41,299,108
+ 19,458,537
+ 23,610,895
+
3,883,079
121,459,164
259,838,916
■
+
115,940,536
+
5,524,625
+162,232,490
— 23,852,739
283,691,655
speech:
"It has been my
at- the
the
the section south of the Great Lakes Region east
to St. Louis and the Mississippi River to the
mouth of the Ohio River, and north of the Ohio River to Parkersburg, W. Va., and a
of
line
a
from
through
Peoria
the southwestern
to
thence
line
Chicago
corner
of Maryland
Southern
the
of
Region—Comprises
Ohio
River
to
a
point
eastern boundary of Kentucky
Pocahontas
the
near
section
east
Kenova,
W.
the section
Region—Comprises
north of^the
southern boundary of Vir¬
ginia, east of Kentucky and the Ohio River north to Parkersburg, W.
of
line from Parkersburg to the
Potomac River to its mouth.
a
for the
Northwestern
Great Lakes
and
Western
Central
of
west
a
from St.
to
Region—Comprises
Region, north of
a
the
Regioh—Comprises the section south of the Northwestern Region
Chicago to Peoria and thence to St. Louis, and north of a line
Kansas City and thence to El Paso and by the Mexican boundary
from
line
Louis to
bly
in
Southwestern
south
and
of
St.
Region—Comprises
Louis .and
a
line
the
from St.
section
Louis
by ttye Rio Grande to the Gulf of Mexico.
In
the
table
to
■
lying
between
Kansas
City
the
and
Mississippi
River
thence to El Paso,
•
which follows we furnish our* customary summary
of the November comparisons
of the gross and net earnings of the
the
of
primary is
since the candidate who led
so
organizations
:
as
the
to the be¬
liefs which I entertain.
"As I have said many
It is obvious
leadership.
I
now
new
that
I there¬
not be nominated.
can
fore
times, this
desperately- needs
country
asking my friends to de¬
activity toward that
am
sist from any
end and not to present my name
at the convention.
"I
earnestly hope that the Re¬
publican convention will nominate
a candidate and write a platform
6.79
+ 4.54
—10.22
+37.77
+33.30
+37.47
+28.23
+26.71
+ 3.47
+ 4.77
+133.57
which
really represents the" views
which I have advocated and which
I believe
are
shared by
I
Americans.
shall
millions of
continue
to
principles and pol¬
icies for which I have fought dur¬
work for these
ing the last five years."
The Associated Press added:
Fred
of delegates, denied
the field
led
affiliation with the America
Committee, declaring:
'I
8.41
1
Milwaukee, Secretary
of
R. Zimmerman, who
"In
State
"
—
such
America First, opposed
—20.53
+23.49
—19.10
'—21.71
—32.85
—4.32
by
controlled
the
never
in
believe
Fir$t
r
..
have been
a
member
First Association.
States of
the United
America first, more
than anything
else in the world.' "
speech, it
Willkie's Omaha
Mr.
observed
was
climaxed
Press,
the Associated
his 5-day cam¬
by
paign in Nebraska, where he en¬
tered
the April
11 Presidential
primary.
Mr. Willkie had,.been
Republican nominee for President
in 1940.
Axis,
country, each year since the war
shortages of fertilizer, labor,
began has stepped up its exports
materials have crippled
of sugar,
and
and
thereby drawing on the
supply normally available for the
United States, it must take a more
interest
vital
in
the
encourage¬
production in order
the heavy movement of
ment of sugar
offset
to
to
foreign
countries.
He
the fields
plants in most of those areas,
while in Russia he estimated that
two-thirds
of
the
normal
sugar
production capacity had been de¬
stroyed.
Speaking of, Java and
Philippines, the latter being a
the
major
source
of
United
U. S. Calls On Albanians
To Unite Against
United
The
Nazis
States
on
April 6
people of Albania
"to unite their efforts against the
called
Nazi
in
on
the
enemy."
Associated
This was indicated
from
Press advices
which said
States Washington April 6,
the fifth
filtering through anniversary of the Italian invasion
of the small Adriatic country, the
indicate that the Japs have dis¬
State Department/reaffirmed the
mantled many of the plants in
order to secure materials essential United States' refusal to recognize
"the Fascist annexation of Alba¬
to the Japanese war effort.
nia."
The text of the statement
he made mention of the
stressed that if this should not be
supply,
rationing would be
continued long after the war has
that
in
a
statement
on
fact that reports
done
sugar
that in
producing areas of. the
further pointed out1
as
Witlkie Quits As
Candidate For Republican
candidate for President on
April 5 by Wendell
at the conclusion of
Republican ticket was made at Omaha on
Willkie, the unexpected announcement coming
the
prepared address in which he entered into a severe criticism of the
foreign policy of the Roosevelt Administration.
In noting that Mr.
Willkie's decision to quit the race was attributed to his failure to win
a
delegate on April 4 inf
primary, Associated the platform, including Mrs. Will¬
from Omaha on kie, as he finished his valedictory
saying, 'Thank you, very much.' April 5 stated:
•
;
;
"As Mr. Willkie, smiling, shook
"Gov. Thomas E.'Dewey of New
a
single
accounts
although not
an
active or
emerged with
delegates pledged outright and
declared candidate,
15
three claimed for him.
the Pacific.
result
"The
because
York,
adjoining Canada lying west of the
to Omaha and thence to Portland,
section
line from Chicago
by the Columbia River to the Pacific.
preservation of the peace
humanity.
naturally disappointing and dou¬
12,production, Ody H. Lam¬
born, President of Lamborn & Co., Inc., urged greater interest on the
part of the United States Government in increasing sugar produc¬
tion in all areas on which the United States is dependent for supplies.
Mr. Lamborn, in commenting on the sugar situation, stated that
Press
DISTRICT
+
and the rebuilding of
the Wisconsin
WESTERN
*
Va., and south
southwestern corner of Maryland and thence by the
re¬
Republican voters
support me in
the advocacy of every sacrifice
and cost necessary to winning and
shortening the war and in the ad¬
vocacy of tangible, effective eco¬
nomic and political cooperation
among the nations of the world
Increasing Sugar
Production Urged By Lamborn
Announcement of his withdrawal as a
Atlantic.
greatest
of the State would
and by the Potomac River to its
of the Mississippi River and south
Va., and a line thence following the
had -its
has
test whether the
Pointing out that the Axis dominates about 40%, or almost
DISTRICT
and the southern boundary of Virginia to the
that the Republican
country
"Therefore, I quite deliberately
entered the Wisconsin primary to
mouth.
SOUTHERN
of
votes
major Mid-Western
surgence.
Greater US Interest In
the Canadian boundary between New
to Chicago, and north of a line
Eastern Region—Comprises
the
For it is in this section of
Party
from
Central
the
convention
of
some
States.
I
those sugar
England and the westerly shore of Lake Michigan
Chicago via Pittsburgh to New York.
conviction that
Republican could be nominated
for President unless he received
no
of any America
the United States, which<£is not normally a sugar exporting world
prepared
statement, added to his
+24.14
+16.20
+ 6.21
+ 5.03
+12.77
+
111,985,513
scheduled
A scheduled
speech at Sioux City,: la., tonight
other campaign trips were
cancelled."
Mr. Willkie, in his
—16.15
—12,35
+73.53
+ 0.27
—17.79
—20.80
—35.81
+77.80
—
68,915,594
88,374,743
115,868.592
:
route to
late train, en
and
%
+25.59
—11.18
— 3.68
+15.81
+
32,544,547
29,896,691
— 30,028,982
— 27,596,760
— 32,706,576
—
2,888,514
:v+
2,904,522
—
6,732,119
a
on
to arrive tomorrow.
at the polls is known as one active
+6,350,391
+ 16,775,769
+ 10,065,218
125,084,714
131,381,847
59,167,473
99,526,934
—
0.49
+15.21
+ 1.92
+ 21.95
+51.00
+10.43
$73,266,874 +.+$18,749,484
93,778,921 ;
— 10,488,886 v
82,069.166
—
3,018,867
80,316,771
— 12,701,071
.
93,282,860
— 15,069,894
77,567,898
—
9,578,383
67,999,131
+ 50,002,894
118,050,446
+
323,090
117,102,625
— 20,830,409
95,809,962
— 19,927,774
74,979,347
— 26,848,880
48,244,641
'+ 37,533,530
78,431,412
+ 18,934,852
97,816,937
+ 15,846,050
117,623,537
+
7,307,781
148,132,228
158,501.561
127,243,825
157,192,289
127,125,694
99,557,310
66,854,615
63,962,092
65,899,592
158,197,446
125,957,014
157,140,516
127,163,307
;;
+
+
+
+
Net Earnings——
Year
Increase. ( + ) or
Preceding
Decrease (—)
113,662,987
124,931,318
131,435,105
148,157,616
1941—^
2.87
0.29
+17.25
+18.95
—11.25
+
—
48,529,172
7,057,804
82,252,703
+233,091,515
+ 71,949,421
319,041,859
367,571,031
374,763,846
457,016,549
690,108,064
118,373,536
96,272,216
75,882,188
48,130,467
85,778,171
97,366,264
—
He
Region—Comprises the section
57,039,877
—
317,550,416
ended.
England Region—Comprises the New England States.
Great Lakes
+
—
79,050,299
93,017,842
78,212,966
67,989,515
118,002,025
.:
—-
EASTERN DISTRICT
New
—16.93
—
253,225,641
257,376,376
256,637,723
300,927,116
357,792,100
83,290,035
—
_____
sugar
Total
—2p.45
398,272,517
304,829,968
Mileage—»
Year
Year
Given Preced'g
226,204 222,966
237,596 233,340
234,209 231,563
237,376 233,305
243,745 241,452
246,497 242,849
246,910 245,858
248,863 248,058
242,407 241,621
232,274 232,259
233,032 232,911
235,213 233,839
236,043 234,972
234,748 235,679
253,589 253,793
236,309 236,122
236,726 235,917
237,335 236,369
238,711 238,142
241,138 239,982
241,695 241,326
242,616 242,625
242,734 242,636
241,971 242,027
242,708 244,143
238,826 240,836
237,306 238,668
236,428 237,485
235,104 235,624
234,166 235,098
233,325 234,095
232,629 233.221
232,078 232,660
230,175 231,954
229,099 230,031
Omaha
New York where he is
000,000 tons, of the pre-war world's sugar
England region.
New
93,375,649
51,606,559
7,278,342
—
747,213
+ 44,278,559
530,724,567
504,781,775
531,199,465
561,153,956
503,940,776
531,122,999
498,882,517
Year Given
$92,016,358
1914.
Tncr. ( + ) or Dec. (—)
$
%
1942
$
—
1911——
rNet Earnings
1943
367,571,031
374,628,835
457,016,549
690,108,064
762,057,485
——
1910
+10.43
—Mileage—
319,094,405
1909—
+16.07
Total all districts (132 roads)
District and Region
1934568702—
304,896,868
.—
November
NOVEMBER
1942
1943
-
*.
—
+154,239,572
—126,027,666
+ 57,618,155
+
7,648,500
— 26,135,505
+.26,960,296
+ 28,736,430
— 58,159,905
+ 26,968,447
— 32,806,074
—100,671,064
of
Gross Earnings
v
—
%
+16.50
+ 0.41
— 0.73
+13.07
— 3.28
—11.96
+27.58
+ 7.71
+10.19
+23.05
— 0.59
+35.21
—21.34
+12.36
+ 1.46
— 4.92
+ 5.34
+ 5.41
—10.36
+ 5.35
— 6.18
—20.18
Month
'
>
,
.
;
1939—.
footnotes to the
and regions are indicated in the
the different groups
504,589,062
531,742,071
559,935,895
502,994,051
530,909,223
498,316,925
398,211,453
1938
The boundaries of
Commerce Commission.
11199922326385750438607—
4
—_
253,223,409
260,503,983
;
'256,629,163
300,916,282
1936———
357,966,993
1937,.—
...317,550,416
(—)
+
;
1929..:
%
—-932"0.05
+ $71,949,421
+10.43
230,031
"
$702,057,485
Ratio of expenses
Net
,
"*229,'099
earnings
Operating
.
roads
132
*
1928—
1942.
1942
1943
November—
Month of
—
—
1925.
now
Milpaffp
...
Dec. (—) '
+$34,299,610
+
999,511
—
1,767,625
+ 31,968,171
—
9,143,593
— 32,646,340
+ 66,310,622
+ 23,652,274
+ 33,304,905
+ 82,163,408
—
2,593,438
Preceding
$242,115,779 $207,816,169
246,650,774
245,651,263
241,343,763
243,111,388
276,430,016
244,461,845
269,220,882
278,364,475
240,235,841
272,882,181
306,733,317
240,422,695
330,258,745
306,606,471
360,062,052
326,757,147
438,602,283
356,438,875
436,436,551
439,029,989
592,277,620
438,038,048
464,440,498
590,468,164
523,748,483
466,130,328
530,106,708
522,458,208
1924—
were
the month of November,
....
1920
compared
with $690,108,064 in November, 1942, an increase of $71,949,421, or
10.43%.
As the ratio of expenses to earnings increased to 65.90%
in November, 1943, from 58.89% in November, 1942, net earnings
lowered to $259,838,916 in November last year, as against $283,691,655 in November, 1942, a decrease of $23,852,739, or 8.41%.
We
give in tabular' form the results for the month of November,
1943, as compared with
1119993433450220—
1916
1943, were $762,057,485 as
earnings in November,
Gross
Given
.
1910
able to show an increase over che
year ago, net earnings are lower due to the increase
in operating expenses.
Both gross and net earnings are also smaller
than those reported in October, as well as the peak figure of $800,232,157 in gross and $332,944,921 in net attained in August, 1943.
month
same
Y6ar
of
November
is, while gross earnings are
that
and in¬
the current year back to
Gross Earnings
Year
Inc.. ( + )or
Month
of the United States for
continues the trend that started in October,
month of November
the
from
1909:
cluding
of the railroads
Gross and net earnings
country
the
of
Monday, April 17, 1944
CHRONICLE
"The crowd,
apparently not im¬
mediately sensing the real signifi¬
cance of the brief announcement,
vigorously applauded Mr. Willkie.
He was surrounded by those on
hands with local
crowd
the
.
political leaders,
and there
lingered,
puzzled expressions on the
of many, obviously aston¬
ished at hearing Mr. Willkie de¬
clare he was stepping out from
were
faces
the
given by the Associated Press
follows:
gression and Mussolini proclaimed
its
incorporation into Fascism's
so-called empire,
'
+
•;
.
"Although the fall of Mussolini
and the lifting of the Fascist yoke
brought not freedom but Nazi oc¬
cupation,
the
Albanian * people
have not since that Good Friday
.
five
years,
ago
"Mr. Willkie and
abandoned
.
their
struggle to throw out the invader
and regain their freedom.
■
[j
"As is well known, the Govern¬
ment of the United States never
recognized the Fascist annexation
of Albania. Today it looks to the
people to unite their ef¬
against the Nazi enemy, thus
hastening the restoration to their
country of the freedom they so
Albanian
forts
quickening contest for the na¬
political office.
his party left ardently desire."
tion's highest
'
-,v
April 7, 1939, Good Friday,
the forces of Fascism,struck at Al¬
bania in sudden and shameless ag¬
"On
Volume
159
Number 4273
THE COMMERCIAL & FINANCIAL
CHRONICLE
State and
1603
City Department
BOND PROPOSALS AND NEGOTIATIONS
ARKANSAS
city has entered
into a contract
Trailing closely behind the Chi-'
banking group to effect cago area are the Los Angeles and
refunding ofvits outstanding the Newark-Jersey City areas,
Tax
Collections Show Gain—
The group consists with
$9,077,119,000 and $9,067,Gross tax collections of the State indebtedness.
of the
Florida
National
Bank, 127,000 in war contracts, respec¬
of
Arkansas -for the first " nine
Jacksonville, Shields & Co., New tively.
Next in line are: New
months of the current fiscal
year,
Leedy, Wheeler & Co., York
City,
with $5,225,320,000,
from July 1, 1943, through March York,
Orlando, and the Clyde C. Pierce and Philadelphia, with $5,096,31, 1944, amounted to $27,028,764,
Corp.,
Jacksonville.
The
plan 247,000.
%%%.;%>/■■
compared with $26,727,314 in the
envisages the refunding of $1,965,similar months of the
preceding
;
Chicago Park District, III.
000
bonds, including $1,553,000
year, Murray B. McLeod,
Tenders Wanted — The Treas¬
Com¬
Series D and E refundings of 1937
missioner of the State Revenue
urer Board of Commissioners will
callable July 1, 1944, and $412,Department, announced.
receive sealed tenders until 2 p.m.
000 series B refundings of 1937
;:4 For the month of March, collec¬
(CWT) on April 25 of bonds of
callable Jan. 1, 1945. New bonds
tions .totaled
the district which are known and
$2,573,524, against
to be issued will bear 3% interest
$2,529,72.6 in March, 1943.
Gaso¬
designated
as
funding
bonds,
and all:: but $353,000 will be in
line
taxes,
the
largest
single
dated Dec. 1, 1938.
The Treasurer
serial form.
The $353,000 will be
source
of
the
State's revenues,
has in his possession $40,000 which
ivere up in March to $796,457 from term bonds, payable July 1, 1974 is available for the
purchase of as
and callable as follows:
$100,000
$768,407 in the similar month of
many of the bonds
as
by said
on or after
July 1, 1949; $100,000
■last year, but for the nine-month
sum
may
be purchased at the
on
or
after July
1, 1954, and
period were down to $8,069,809
lowest price obtainable but not
$153,000 on or after July 1, 1959.
from $8,713,095.
to
exceed
their par
value and
Sales taxes aggregated $726,885
accrued interest. Tenders will be
GEORGIA
last month, down from $738,025 in
accepted (so far as aforesaid sum
Georgia (State of)
March, 1943. For the longer period,
available
for
the
purchase
of
Financial Condition Poor—Gov¬
sales taxes brought in $7,554,313,
bonds will permit) in such order
ernor Ellis
UP from $6,755,899 in the
Arnall, following a re¬ as will result in the purchase of
1942Arkansas
,
with
(State of)
taining to the cancelled sale of
$8,346,000 funding bonds—v. 159,
p. 1490, the Chicago "Journal of
^
1943 months..
cent conference with his financial
;%;%'■(
■
Cigarette taxes brought in
revenues in both periods as
advisers, declared that income
more
revenues
com¬
instead
pared with the year before, while
auto license fees and beer tax
enues
ously
rev¬
the
lower.
were
estimated,
State's
growing
CALIFORNIA
Calif ornia
i
James
Toll
S.
Dean,
stated
financial
by
Director
of
we
91,000
income
cessed
were
tax
returns
pro¬
sioners «nd
major
advantage of the
favorable market condi¬
ernor
Earl
Warren and
to
Gov¬
earn¬
,65 cents,
to
cars
25
The
—
City
recently passed an ordi¬
calling for an issue of $115,refunding bonds.
Los
■'and
hospital purchase
bonds.
Chalmers
Bonds
Treasurer,
'sealed
tenders
will
until
10
m.
the
in
for
amounts
purchase
hand
on
of
bonds
ment
districts
and
acquisition
ment districts
136
and
Second
war
improve-
in
Sale —The
$500,000 notes
for sale on April
11—
159, p. 1490—were awarded to
>,.y«
Leavitt
In
Prime
&
Co.,
of
New York
First
National
orders
the
placed
Chicago figure, cited from
placed
issued
by
the
War
Board, includes
Cook, DuPage,
in
Pro-
orders
Lake,
Will and Kane Counties.
It does
not include the billions: of dollars
worth
of food contracts
here; contracts having
Bank, Boston,
less
a
placed
value of
than
$50,000 or subcontracts.
The only area that has exceeded
Chicago in its war contracts is
.at 0.434% discount.
*
FLORIDA
Detroit,
St. Augustine, Fla.
Refunding Details
As previ¬
ously noted in v. 159, p. 1394, the
—
1
re¬
for
tomorrow
H.
Heinzen,
'action,
sioners
because
had
the
academic
*
tangled
whole
by
from
claims
and
since
Dec.
1,
sometime
required
and
will
have
May to allow
days' notice to
holders
and
giving
for
of
them
their
both
judgment
other
creditors
bonds
in
the
1934
issue,
will
funding.
that
ever,
and
if
sale
the
be raised
The
Angeles City School
District, Los Angeles County,
Calif., 5% bonds sold fo Kid¬
der,'Peabody & Co., of New
York, at 123.83.
Dated Aug.
1, 1924.
Due Aug. 1, 1950.
Legal opinion of Thomson,
exchange
claims.
3. Separation of the bond issue
into two parts, one to be
given to
the
judgment
latter
the
and
flotation
Wood & Hoffman.
investment
an
used
to
pay
Gabriel
off
however, it is
50,000 Pasadena,
un¬
In
any
case,
Trust
bonds
date
to
may
the
collections
and
Aug.
be
pur¬
between
1 exceed
first
mortgage on properties
owned by the board is
security on
the revolving fund
issue, but the
new
flotation
from
ad
will
valorem
be
taxes,
payable
without
On Dec.
31, 1943, the board re¬
outstanding bonded in¬
debtedness of $35,200,000.
After
taking accrued interest and sink¬
ing fund balances into account,
ported
funded
Cook
Illinois
Legislation
Limits
debt
was
legislative
Warrant
Sale—Stifel, Nicolaus
CO., of Chicago, purchased on
April' 10, $1,200,000 warrants as
&
to
was
awarded
with the
recent
proceedings
per¬
Tax
on
State-wide
4V2%
H.
bonds
March
Trust
committee
confusion
told
the
legislation to
tax
ceilings must be enacted by July 1
estimated
third to four times.
Governor
Green
would
consult
leaders
to
special
session
from
at
:
-
one\
announced
with
whether
would
be
The
and
joint committee,
S.
it
was
insure
aid
Cushman
is
of which
chairman
J. V. O'Neil is secretary, said
preparing
rates
for
bills designed
legislative control over
and
poor
to
preserve
relief
and
State
local
school aid from the State equali¬
zation funds.
bonds
Chemical
of
Legal
&
Cut-
,
at
sold
Bank
&
to
the
Trust
Co.,
York, and associates,
of New
130.24.
1929.
to
tax
water
a
prac¬
Harris
Bank,
100,000
Detroit,
Mich.,
4*4%
registered
'public
utility,
he
ticable.
the
ler.
legislative
determine
to
Savings
000
Feb.
1,
1958.
opinion of Chapman
if down-State taxpayers are to be
defended against the risk of in¬
creases
sold
&
$8,000 Feb.
1, 1953,
$7,000
Feb, 1, 1954, $13,000 Feb. 1,
1955, $13,000 Feb.
1,
1956,
$13,000 Feb. 1, 1957 and $16,-
Gov¬
fix
County, Kan.,
refunding
series
C
Chicago, at 132.819.
Dated
1, 1934. Due $7,000 Feb.
1, 1951, $8,000 Feb. 1, 1952,
by the 100% valuation pol¬
icy of the Cook County assessor.
that
Dated
Feb.
caused
The
Milwaukee
York;
Corp.,
Co., of
man.
a
termed
New
85,000 Sedgwick
Illinois
Dwight
of
Securities
Aug. 15, 1932.
Due $25,000
Aug. 15,
1969, and $25,000
Aug. 15, 1970.
Legal opinion
of Thomson, Wood
& Hoff¬
special session of the
Legislature to end what
Robert
'
with
Gov.
the
San
bonds,
Milwaukee at 153.185.
joint
a
17 organi¬
conference
a
call
State
•
$700,000 1944 corporate tax antici¬
pation warrants as 1 % %.
500,000 1944 corporate tax anticipation warrants as 1 % %.
urged
Green at
31
committee,
concerned
taxation
$20,818,184.
County (P. O. Chicago), III.
follows:
and
project
Chemical Bank &
Co.,
Equitable
pro¬
(State of)
Fixing Local
Urged—Through
zations
ernor
mortgage.
net
can
ing the first bond issue is settled.
re¬
expectations.
A
county
balance
by the
understanding, how¬
fewer
the
Calif., 5%
water
sold to the
creditors.
issue will be
new
Recent- Developments In Bond
Issue Litigation — In connection
1.
Hoffman.
25,000 Los
by
The board now has over
$10,000,000 on hand, in sinking funds,
apply toward redemption of
where $13,369,901,000 in
prime contracts, most of them for
automotive equipment, had been
prior to March
Dated June 1, 1934.
$50,000 June 1, 1945, and
$50,000 June 1, 1946.
Legal
opinion of Thomson, Wood &
of the entire $8,346,under somewhat dif¬
ferent circumstances.
Payment
Trust- Co.,'of New
Boston
Corp.,
First
106.419.
Resale
2.
to
Due
issue,
holders,
re¬
in
60
considering three
solutions to settle the old debts:
1.
5%
sold
Ripley & Co., Inc.,
Smith, Barney & Co., of New
York; R. H. Moulton & Co.,
of
Los
Angeles;
Goldman,
-Sachs & Co., of New
York;
\ Dean Witter & Co., of San
Francisco, and Wheelock &
Cummins, of Des Moines, at
yesterday that
policy makers for
are
Calif.,
bonds
Harriman
learned
county
plant
York;
adopting any new
the $8,346,000
in
judgments owed to
creditors
was
Angeles,
electric
waterworks bonds sold to the
fund
600
B
Bankers
financial
000
April 5:
100,000 Los Angeles, Calif., 41/2%
case.
plan to
It
awarded by the
on
Kidder, Peabody & Co., of
New York, at 131.6192. Dated
Aug. 1, 1921. Due $5,000 Aug.
1, 1951, $44,000 Aug. 1, 1953
and $5,000 Aug. 1, 1958.
Legal
opinion of John C. Thomson.
revoking
bond ordinances; the counter
claim of the bond house, however,
brings a new element into the
the
Co.
to
54,000 Los
commis¬
the
rendered
other to be sold to
of the
to
a
anywhere
country, it is disclosed by
Chicago Association of Com¬
j duction
at
a
the bonds
on
'
Judge Ulysses S. Schwartz of
Superior Court set another hear¬
ing for the often-continued case
the
were
4%% bridge bonds
Bear, Stearns & Co.,
'? of
New
York,
at
144.058.
Dated July 1, 1933.
Due $5,000 July 1, 1966, $25,000 July
1, 1967 and $10,000 July '1,
1970.
Legal opinion of Orrick, Palmer & Dahlquist.
sold
ceed with any
financing plan un¬
til the pending litigation concern¬
pro¬
the
The
0.409 % discount. Dated
April 12,
,'1944. Due Nov. 22, 1944. Denomi¬
nations $50,000, $25,000 and
$10,000. The next highest bidder was
the
Highest
contracts, had received
largest volume of war
reports
like
series
board, his
deposit of
likely that
the
merce,;
\offered
.
$10,000
second
No. 115.
Stamford, Conn.
Note
of
Awards—Up to and
February, the Chicago
including
the
■
issue
industrial area, with a total of
$9,092,088,000 in government prime
and
CONNECTICUT
r
be
flotation
tax
duction
.•
an
Chicago, III.
improve-
Nos.
would
$160,000 placed
turned.
the
to
$40,000 Golden Gate Bridge and
Highway
District, Calif.,
legally set
was
county
firm, with the proceeds from the
delivered
Area
the
1934 issue will
chaser
aggregate
that, if the court finds
contract
by
client
He
sale
after the
actually
available
137.
3,000
the election held
War Contract
'$16,000 acquisition
be made
bonds for the above
purpose was
$12,000:
:
December
result.
approved.
"Refund¬
ing Assessment Bond Act of 1935."
The
will
The call for the
sold with the
At
opera¬
a
needed
bonds.
financing
refunding issue of about
sizable saving in annual
so
ment
on
May 17 of the following refunding
'bonds issued under
Township (P. O. Ma¬
comb), III.
ance
receive
a.
the
on
2%,
ficials approved recently the issu¬
of $5,000 2i/2% road
improve¬
-Tenders Wanted—H. L. Byram,
aside
2.
bondholders.
Approved—Township of¬
.
the
outstanding $22,300,000 revolving
fund 41/2% bonds due August
1,
1954, callable Aug. 1, 1944. Offi¬
cials anticipate an interest rate
the
ILLINOIS
Angeles County Acquisition
Improvement Districts, Calif
sCounty
for
to
issue of
early
p.
Bankers Life
1942.
funding
an
or
other year.; Plans are now
being
completed ; by
officials
of
the
Election
is believed that the
refunding can
|3e accomplished under present
jnarket conditions on a 2lk% basis.
April
of 20-year maturity, with a frac¬
tion of the bonds callable
every
vote
from
according to report. It
said
the
issue is expected to be
new
Proposal — The
County Commissioners have been
petitioned to call an election to
cents,
this
May.
The
debt service
Idaho
Bond
have exceeded original schedules,
despite a reduction of tolls on
passenger
Authorized
% Gem County (P. O. Emmett),
ing power has been demonstrated
by the fact that bond redemptions
Offering
connection
The issue to be refunded is the
nance
000
Refunding
May—In
tion.
Council
was effected by a
•syndicate headed by Dillon, Read
'& Co., New York.
sustained
in
of the
Boise, Idaho
Bonds
in
forthcoming
of $12,000,000 refunding
Board
standing bonds
structure's
of the State's
IDAHO
the California Toll Bridge
Authority,
which
operates
the
■bridge.
Distribution of the out¬
The
Chicago School District, III.
$12,000,000
of income declined
cigar tax, which totaled $3,446,343 on March 31, as compared
with $2,850,355 a year ago.
bers of
;
4
one
E.
year. The lone in¬
shown by the "cigarette
mem¬
also
that
them last Nov.
about
B.
and
pointed to consider the feasibility
"of an earlier
refunding, recently
"'submitted his suggestion to
was
issue sold
question
;..
.
159,
addition
previously reported
in
1491, the following addi¬
tional bonds
the
fiscal
current
at
Treas¬
Sale—In
valid contract for the bond
a
the issue late
•>
Auditor
sources
crease
has
vented
income tax
during the first nine months
tions.
Mr. Dean, who heads a
"fcommittee of three that was ap¬
District
1490.)
p.
Moines), Iowa
v.
offering
bonds, it is stated that the School
Board plans to ask for bids on
of
said that all but
in order to take
highly
urer.
the
159,
Bond
underwriting firm, claimed
Seipp, Princell & Co. still
that
to
County lead in
action taken by the
Assessor appeared
on
County
Thomas Donovan, of Markman,.
awards
Donovan & Sullivan, representing
the
exist¬
assessor
Bankers Life Co. (P. O. Des
counter claim.
Federal
came callable at 105 after March
*8, 1945, be refunded at this time
Seipp,
obtained
Until the complicated legal mat¬
ter is settled, the county is pre¬
payments.
State
Co.
that
IOWA
the county,
Princell &
permission to file a
attorneys- for
with the previous report in these
columns regarding a
Thrasher
deduction
in V.
the
thereon
coupons
Cook
and later revoked
by
Planned
subject to tax¬
ation—largely because of the large
State of
(Report
questioning the legality of the
$8,346,000 funding bond issue sold
office
of
the
out
any
tax bills.
Cook
interest
ac¬
permits
raising assessed values from 37%
100%, thus making it possible
Seipp, Princell & Co.,
the
are
pointed
was
law
for local governments to increase
Corporation against the commis¬
not
California, has
recommended
that
$57,000,000
4% San Francisco-Oakland Bay
Bridge revenue bonds, which be¬
of
nance
as
der and transfer of the bonds and
State Revenue Commissioner J.
Eugene Cook said that half of the
Fi¬
11 noted
the suit filed
Hoyne-Norwood Apartments
on
all
is
get by,"
hearing
a
It
ing
morning.
Joseph
attorney
for
the
apartments corporation said that
he was ready to ask dismissal of
that
situation
The parties
cepted will thereupon be paid for
the bonds so accepted on surren¬
"It will be nothing
worse.
obtainable.
who make tenders which
the Governor is quoted as
saying.
"H Debt Refunding Recommended—
*
and
short of miraculous if
Bridge Authority
(P. O. San Francisco), Calif.
I
•
$9,000,000,
$4,000,000 previ¬
the
by the District at the low¬
est price
decline
may
of
bonds
tax
to
In
.
-
follow
Commerce" of April
follows:
a
the
Dated
Due
Dec.
Legal
opinion of
Wood & Hoffman.
Dec.
15,
15,
1959.
Thomson,
33,000 Detroit, Mich., 4V2%
istered
reg¬
public
utility, water
bonds sold to
Smith, Barney
& Co., of New
York, at 112.71.
Dated Jan.
1,
1948.
Thomson,
1, 1927.
Due Jan.
Legal opinion of
Wood & Hoffman.
1604
Monday, April 17, 1944
25,000 Detroit, Mich.,'4%% pub¬
lic utility, water bonds sold
to Illinois Co., of Chicago, at
135.65.
Dated Dec. 15, 1930.
Due
Dec.
15,
1960.
Legal
opinion of Thomson, Wood &
Hoffman.
Eastern Trust & Banking
principal amount of said bonds
Co. of Bangor, at 106.91:
will be paid upon presentation of
said bonds with all unpaid inter¬ $20,000 4V4% Coos County, N, H.,
farm bond—buildings, Nos. 131
est
coupons
attached,
at
the
to.-140, and 141 to 150 incl.
County Treasurer's office.
Dated Sept. 1, 1931. Due $10,LOUISIANA
000 each on Sept. 1, 1945 to
To the
Va., 4V2% mu¬
terminal bonds
sold to F. W. Craigie & Co.,
Richmond,
at
a
price
of
142.35.
Dated Sept. 1, 1922.
the issuance
Due
Norfolk,
nicipal
Orleans Levee District (P.
1,
1972. Legal
Reed, Dougherty
Sept.
To-
Orleans), La.
Authorized—The
port
opinion of
& Hoyt.
Bonds
authorized
of $3,180,000 refund¬
Commissioners has
of
Sale—The
notes
to submit
issue of $125,000
1396—were awarded to Bond,
Judge & Co., of Boston, at 0.98%
discount. Due Feb. 1, 1945.
The
to the
voters
an
and equipment
memorial building
bonds.
p.
next
count., '
Wichita, Kan.
improvement
for
sale
offered
bonds
awarded
were
the
to
City and Wichita, as Is, paying a
price of 100.5325, a basis of about
0.897%, Dated April 1, 1944. Due
follows: $21,000 in 1945
to 1948, $20,000 in 1949 and 1950,
and $19,000 in 1951 to 1954. Le¬
gality approved by Bowersock,
as
Fizzell & Rhodes of Kansas
The
next
/,.
•
,
•.
(State of)
Sale—Joseph H. McGilli-
Bond
inter¬
Baum, Bernheimer Co., of Kansas
April 1,
■
Maine
Sale—The $200,000
Bond
nal
1.25% dis¬
highest bid was
KANSAS
V
City.
bidders were:
Bank, Chicago, at
100.532, and Harris Trust & Sav¬
ings Bank, Chicago, at 100.519,
Stanley
&
$3,000
Sept.
each on
1,
1944
to 1946.
*
for Is.
KENTUCKY
To
(P. O.
ville), Ky.
Bond
Offering—J.
A.
Money-
hon, County Court Clerk, will re¬
ceive sealed bids until 10
for
school
April
$89,000
building
Dated
bonds.
a.m.
on
of
purchase
the
25
revenue
To
crued interest, plus a premium of
3%- with
the
interest rate of
coupon
Banking
&
$4,000 4% Town of Milford re¬
funding bonds of 1936, Nos. 8
to 11.
Dated Aug. 15, 1936.
Due
Aug. 15, 1944;
$1,000
Aug.
15,
1945,
and
$2,000 Aug. 15, 1946.
$1,000
$2,000 4% City of Biddeford re¬
funding bond Nos. 36 and 37.
Dated May 1, 1925. Due May
check
for
$4,450,
certified
a
payable
to
the
County Treasurer.
•
Call
Bond
To
and
thereon
plus
accrued
interest
the
to
redemption date
premium of 3% of the
a
principal
amount,
$89,000
3%
school
building revenue
bonds
Nos. 7 to 95. Issued Nov.
Denomination
15,
$1,000.
15, 1938.
Nov.
Due
follows:
$5,000 in 1944 to
1949, $6,000 in 1950 to 1952, $7,000
in 1953, $6,000 in 1954, and $7,as
in
000
1955
,
should
Said
be presented
Treasurer's
matured
est
1958.
to
at the above
To
Banking
$5,000 4*4% Town of Presque Isle
school bond Nos. C6, C7, C8,
C9, C10. Dated July 1, 1927.
Due July 1, 1944.
Bangor, at 105.63:
$10,000 41/4% City of Old Town
refunding bond Nos, 30 to 39.
Dated
May
15,
1935.
Due
,
$5,000 each
on
May
15,
1945
1946.
and
the
Eastern
Trust
&
Banking
Co. of Bangor, at 108.358:
Kentucky (State of)
Local
Reserve
Funds
1,
Author¬
ized—Cities
a
1944
$5,000 4% Town of Frankfort re¬
funding bond -Nos.: 9 to. 13.
Dated
April
1,
1936.
Due
a
are
authorized by
legislative act to establish
fund
reserve
to
program of
April 1 issue of Municipal Fi¬
range
the
for a longpublic works
,
nance
"News Letter" reports. The
come
money
may
ready
from levies al¬
authorized
other
now
revenue
or
thority
for
may
to
spent
and
vestments
the
The
nature
may
be
the
in¬
of
in
the
To Pierce,
act.
Martin County (P. O. Inez),
Ky.
Bond
Call — Rush
Cassady,
1,
1945
$6,000 414% -Town of Rumford
M29, M30, M31, M32, M33,
M34.
Dated
July 15, 1929.
Due
$2,000
1944
To
the
to
each
July
?
Dated Jan.
1,
principal amount of
said bonds, together with accrued
interest up to and including said
date and
a
premium of 3% of the
months
1946.
Eastern
$27,984,036,
46.57%
or
of
$60,085,158,
Herbert
Fallin,
Budget
Director,
reported
re¬
February collec¬
tions compare with revenue in the
similar 1943 months of $24,691,and
January
the estimated
294, or 43.45% of
total for last year.
estate
real
Current
improved
collec¬
tax
the first two
from the com¬
in
months of this year
&
Co. of Bangor, at 104.47:
months of last year.
in
Expenditures
and
January
$11,915,066, or 19.83% of
appropriations,
compared
$9,018,207, or 15.87%, in the
with
0.359
Due $6,000 each
1, 1945 to 1946.
on
July
Mass.
The
—
Town
in
Included
tures
expendi¬
total
the
Pittsfield, Mass.
Note
First
Sale—The
Bank of Boston
to
start
with
permis¬
sion to refund $345,000 City bonds
held
by
the
State
Investment
Board falling due next year.1' One
stumbling block, in the refunding
may, according to
report, hinge
on
the fact the city has more
than enough money to pay the
State
negotiations
officials
bonds in
a
to
obtain
reserve
and
fund
which is
only be used ac¬
cording to provisions of the city
up
can
charter.
;
.
$5,857,881 for debt serv¬
Deducting
amount, the balance of $6,057,184 represents the total ex¬
pended for operating purposes, or
13.34% of the operating appro¬
priations.
This
compares
with
12.77%
in
1943 and
13.41% in
pension fund.
1942.
National
awarded Apr.
was
notes at 0.329% discount.
$200,000 each on Nov. 10 and
Nov. 22, 1944.
The Second Na¬
tional Bank of Boston, only other
bidder, named
a
rate of 0.35%.
Md.
Wanted
Tenders
Chief
Maryland
Commission, reports
Roads
State
—William A.
Auditor
trust indenture dated June 1,
Note
of $400,April 13 was
awarded to the Day Trust Co. of
000
Sale—The
issue
offered
notes
Boston, at 0.285% discount.
to
ply excess .funds, in the sinking
fund, to the, purchase of bonds of
Tenders
will
be
re¬
principal
amount of bridge revenue refund¬
ing bonds, on or before 3 p.m. on
April 13. Offer of bonds of this
ceived
for
$200,000
those maturing
must be for
issue
in
1961, the Commission reserv¬
ing the right to purchase all or
any part of f^ose offered.
Pur¬
chases Will be^ made for the low¬
price
offered,
together
with
accrued interest. The Commission
further
ject
the right to re¬
reserves
April 17, 1944,
and mature Nov. 15, 1944.
Other
bids included: Merchants National
Bank of Boston, 0.30%, plus $3
premium; Third National Bank of
Springfield 0.2999%; R. L. Day &
Co., 0.3125%. '
MASSACHUSETTS
Note Sale—The
offered
for
sale
$5,000,000 notes
April 11—v.
on
1492—were awarded to the
Boston
Corp.,
and
the
Chemical Bank & Trust Co., of
159,
p.
York, at 0.42% discount plus
premium of $38. Interest to fol¬
low.
•
Dated
April 14, 1944.
Due
Nov.'2, 1944. Other bidders were:
Discount
Bidder—
(plus $98)_
Stuart & Co.
National
Salomon
W.
Bank,
Bros.
&
Pressprich
New
&
Co.
and
„
0.52
Hampden
Note
1
(plus
$11)
culosis
0.43%'
York,
Hutzler,
County (P. O.
field), Mass.
Spring¬
Sale—The $30,000 tuber¬
patients' maintenance
will receive
sealed
1 -p. m. on April 25 for
purchase of $35,000 road and
bridge bonds.' Legality approved
by Dorsey, Colman, Barker, Scott
& Barber, of Minneapolis.
Minneapolis, Minn.
Certificate Sale—The
certificates
11
First
National
159,
Sale
for
sale
$200,000 notes
on
April 10—v.
1492—were awarded to the
p.
National Bank
0.339%
Nov.
The
-—
and
1
bidders
of Boston,
discount. Due
Dec.
$100,000
Other
1944.
1,
were:
Merchants
First
National Bank,
Boston 0.358%
sale
for
of
on
$245,000 notes
April 11—v.
$1,
as
follows: $235,000
tuberculosis hospital maintenance.
hospital funding.
Dated
April
14,
1944.
Denominations
$25,000, $10,000 and $5,000.
Due
April 13, 1945. The next highest
bidder
was
National
Merchants
Bank, Boston, at 0.328% discount.
Adrian, Mich.
y
To
Bond Ordinance —
Commission has given
it proposes to adopt
Adopt
City
notice
that
an
issuance
the
authorizing
ordinance
the
of
Water
$150,000
bonds.
revenue
Charlevoix, Mich.
Bonds Voted—By a
to 58, a
count of 232
Township School
No. 8, Mick.
District
Received—In
with the
on
amount of
con¬
call for tenders
Aug. 1, 1944, at par,
1943
is
"a
the
,
Legislature, said the decision
great victory, especially for
'normal' employers"
so-called
and that "it involves collection of
million dollars
a
year,
put it conservatively."
other
to
,
-
have
states
similar
the first of its kind.'
The action
of
Minnesota
Donovan company, with home of-?
fices in St. Paul, and a branch at
Winona,; Minn., manufacturer of
materials* for taxes covering
the first and second -quarter of
war
;
1943.
The
claimed the law
unjust classification, tend¬
ing to discriminate against a cer¬
tain group of employes."
company
"an
Raymond (P. O. Brooten), Minn. >
Bond
Offering — Edmund
J,
Rooney, Town Clerk, will receive
sealed bids until 1 p.m. May 5 for
the
purchase of $25,000 road and
bridge bonds.
Legality to be approved
by
Dorsey,
Colman,
Barker, Scott & Barber of Minne¬
apolis.
'•
MISSISSIPPI
Call
Local Units Exempt From Sales
are
municipalities
longer required to pay the
2% sales tax on materials
no
state
and
supplies purchased for gov¬
operations. Local gov¬
ernmental
ernments have
since
it
paid this tax ever*
in 1932, but
signed recently by
the governor exempts them from
the tax, the American Municipal
the
enacted
was
new
law
Association
reports.
—
r
District
Ernest
Lexington, Mo.
Bonds Voted—At
H.
Secretary of School
Board, calls for payment on May
1, 1944, at the Detroit Trust Co..
Detroit,
various
numbered re¬
funding of 1941 bonds, and certif¬
icates
of indebtedness of
1937,
to 41, and 44 to 47,
Interest coupons must accompany
the refunding bonds when pre¬
sented for payment.
22, 35
;
MISSOURI
Township School
No. 2, Mich.
Certificate
testing constitution*
the amendment to the
employment and secu-*
rity act was in the form of two
suits totaling $4,454, against the
ality
$92,000.
Schoensee,
Nos.
payrolls in
Attorney General J. A. A. Burnquist, whose office defended val-'
idity of the law enacted by the
Tax—Counties and
i,
the above mentioned bonds in an
Warren
on
of $50,000 quarterly.
Mississippi (State of)
April 11 of Series A, refund¬
ing bonds, dated Aug. 1, 1935,
F. L. Yoss, District Secretary, re¬
ports that no tenders were re¬
ceived..
Mr.
Yoss
also advises
that
the
district
will call for
payment
War Risk Pay¬
risk tax levied
war
$16,000 bond issue for con¬
of an airport was ap¬
Tenders
nection
>■%:
ing decision, affecting payrolls,
particularly of big war industries,
Judge Clayton Parks in Ramsey
county district court on April 4
upheld constitutionality of the 3%
proved at a recent election.
No
Due June
(State of)
Legality of 3%
struction
Summit
of
discount.
roll Levy Upheld—In a far reach¬
was
MICHIGAN
The
0.75%
Minnesota
Nine
p.
mium
at
the
Bank,
Discount
1492—were awarded to
John G. Sessler & Co., of Boston
at
0.30%
discount, plus a pre¬
159,
and
National
County (P. O. Worces- laws, said Burnquist, and he be¬
lieves the Minnesota decision is
ter), Mass.
Sale —The
Note
offered
Bank,
on
the
to
Bank, Boston___L 0.365
National
Worcester
sale
awarded
were
April 20, 1944.
19, 1944.
several
'
Bidder—
$1,000,000
for
Dated
Winthrop, Mass.
Note
offered
April
excess
on
and all offers.
any
Clerk,
bids until
Notes
discounted
be
1941
securing State of Maryland bridge
revenue
refunding
bonds,
the
State Roads Commission may ap¬
issue.
Town
Minneapolis,
Springfield, Mass.
the terms of the
that according, to
(P. O. St. Cloud), Minn.
Bond Offering — Joseph Lahr
Northwestern
$10,000
Codd,
Millwood
issue of $400,000 tax antici¬
an
was
ice and
this
est
at
April 17 for the
discount of $150,000
on
Harriman, Ripley & Co., Inc._»__ 0.366
similar months of 1943.
R.
Portland
permanent improvement bonds
Nos. 79 to 90.
Dated July 1,
1931.
0.35
_
Refund
To
the
at
February for all purposes aggre¬
Chase
of
purchase
Second
Halsey,
Bangor, at 104.93:
a.m.
offered
a
1, 1945.
City
0.35%
Co.
Offering
11
in the first two
total from 53.47%
New
.
Trust
until
parable 1943 period, but delin¬
quent tax collections fell sharply
to 36.88% of the estimated year's
First
$10,000 4% City of Bangor re¬
funding bonds Nos. 171 to 180.
Dated Aug. 1, 1931. Due Aug.
3V2%
&
Methuen,
1944
of
of the estimated total for the year
15,
$12,000
bonds.
Revenue collec¬
—
two
amounted to
Banking
on
ing
The
Two-
For
Up
Boston, Mass.
To Pierce, White & Drummond of
revenue
first
White & Drummond of
County Clerk, calls for payment
on July 1, 1944, 4%
school build¬
1942.
Period
Bangor, at 104.38:
au¬
purposes
Receipts
to 1949.
are
have
money
listed
any
cities
hereafter
the
are
from
or
which
impose.
which
$1,000 each on April
pay
Hill
Springfield--.,.,..
voted
Due
Baltimore, Md.
Tax
this
To Pierce, White & Drummond of
To
date called.
on
Trust &
Co. of Bangor, at 100.81:
with all un¬
attached. Inter¬
B.
Bank, Boston
Co.,
Permission
Bonds—The City Council recently
pation
Maryland State Roads Commission,
of Danforth
Nos. 12, 13,
1, 1937. Due
Oct
Eastern
the
1, 1945 to 1953.
of
$2,000 Oct. 1, 1944; $1,000 Oct.
1, 1945.
office,
coupons
ceases
bonds
Dated
15.
on
thereof
'
Stanley
&
4V2%, Town
refunding bond
May 15, 1944, at a price
bond equal to the principal
per
White
"""
.
Moneyhon, $3,000
County Court Clerk, calls for pay¬
ment at the
County Treasurer's
office
Smithf
\
Waterville, at 100.816:
A.
J.
—
tq.,1949.
Trust
Kenneth
13
total
Bangor, at 103.55:
'
Enclose
Jan.
on
MARYLAND
Drummond of gated
To Pierce, White &
;
1, 1945.
2%%, may be presented.
Prin¬
cipal and interest payable at the To Smith, White & Stanley of
Waterville, at 101.10:
County Treasurer's office.
The
approving opinion of Chapman & $6,000
4%
Jackman Plantation
refunding bond Nos. 5 to 10.
Cutler, of Chicago, will be fur¬
nished without cost to the pur¬
Dated
Dec.
1,
1939.
Due
chaser, and all bids must be so
$1,000 each on Dec. 1, 1944
conditioned.
each
tions
Trust
Eastern
Discount
National
Union
$9,000 4% Town'of West Gardiner
refunding bond Nos. 8 to 16.
Dated July 1, 1936. Due $1,000
1,
Co. of Bangor, at 105.09:
1952, and $7,000 in 1953 to 1958.
bid for less'than par and ac¬
$1,000 each on March
1945 to 1949.
May
15,
1944.
Dehorn. $1,060.
Due Nov. 15, as
follows: $3,000 in 1944, $5,000 in
1945
to
1948, $6,000 in 1949 to
of
$5,000 4% Town of Cornville re¬
funding bonds of 1936, Nos. 8
to
12.
Dated Sept. 1, 1936.
Brooks-
County
;
First
notes, due $100,000 Dec. 20, 1944,
and $50,000 April 10, 1945.
cently.
Stanley
White &
Waterville, at 101:
Smith,
Due
Bracken
discount.
were:
Bidder—
White & Drummond of
Bangor, at 112.181:
the
$9,000 4% City of Waterville re¬
funding bond Nos. 22 to 30.
Dated
Sept.
1,
1935.
Due
highest
Dated
0.34%
at
Other bidders
Note
of tions of the City of Baltimore in
Waterville, at 104.75:
National
First
at
April
12, 1944.
Denom. $10,000
and
$5,000.
Due April 1, 1945.
The
next,
highest
bidder
was
the
Springfield
National
Bank,
Banking
&
To Pierce,
follows:
White
Smith,
1,
Sept.
Seek
Springfield,
Treasurer will receive sealed bids
Month
To
of
discount.
Chisholm, Minn.
&
$5,000 4% Town of Houlton fund¬
ing bond No. 10. Dated Nov.
1; 1933. Due Nov. 1, 1944.
State Treasurer, reports
that the $116,000 various issues of
municipal bonds held in the State
Permanent Trust Funds, and of¬
fered for sale on April 10, were
as
Co.,
0.3098%
Co. of Bangor, at 101.94:
cuddy,
awarded
Trust
MINNESOTA
awarded
Bank
set
Eastern Trust
To the
$100,000
offered for sale on April 8—v. 159,
called for May 8
Dated
Due
1930.
2,
p. 1492—were
Third National
Springfield,
20278.
to
April 12
159,
the
to
1945.
Bond Election—An election has
been
20274
Sept.
MAINE
Note
Grinnel, Iowa
of
Stanley
&
$5,000 4% State of Maine State
highway
and
bridge J note
Nos.
*
White
Smith,
Waterville, at 105.05:
Board
Caribou, Me.
No
1946.
O. New
ing bonds.
25,000
notes offered for sale on
—v.
tion
the
voters
are
a
recent elec¬
said
to
have
approved
the issuance of $40,000
municipal airport purchase bonds
by a margin of more than 6 to 1. i
Maryland Heights, Mo.
Bonds
Approved—An issue of
314%
refunding
bonds
was recently approved as-to
legal¬
ity by Chgrles & Trauernicht, of
$16,000
St. Louis,
Dated Jan. 15, 1943.
.Volume 159
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4273
Missouri
(State
Nebraska
of)
Delinquent
Tax
Legislation
Unconstitutional—The so-
Public
maturity thereof, such savings to
(State of)
Ruled
Districts
Power
paid to the particular fund by
such bonds may be pur¬
chased plus such additional sums
as
piay be necessary to provide
called "land trust" bill enacted by
recent decision,
of the Platte
Valley Public Power District is such funds with money to provide
not subject to taxation by Lincoln for the retirement of the prin¬
County.
The decision resulted cipal, amount of the bonds which
from a ruling handed down in are to be paid from proceeds of
September, 1942, by the Lincoln the respective funds.
County District Court upholding
Fair
the
State
legislature in 1943 and
designed to facilitate clearing of
titles on tax delinquent property
in
Kansas
City
and
Missouri
County was adjudged unconstitu¬
tional by Jackson County Circuit
Court
Judge Thomas J. Seehorn
April 8.
was given in a suit
for a declaratory judgment filed
by Hyman Spitcaufsky and others
against city, county and State
in
decision rendered
a
The decision
officials.
The
had
enjoined pending out¬
been
the
of
come
law's
nounced
enforcement
suit.
It
be assembled
the
certified
and
to by
Then he
was authorized to bring tax suits
against the land, rather than in¬
collector.
county
dividual
owners,
and obtain, a
judgment against the property in
bulk.
Notification would be only
by publication.
: t
Passage of the law had been
urged by city and county officials
as a
means of making thousands
of
tracts
on
their
of
land
taxes
either
'
current
clear
25,000
to 30,000 tracts in the county on
title.
It
which
with
or,
a
said there
are
are
was
than
taxes
more
delinquent, with
linquent 20 years.
years
for
sons
invalidating
Plaintiffs
lated
had
the
its
constitution
by law.
"The
"Wrote,
and
prejudicially
their
substantial
materially
affected
rights by
provisions of the act in the
and
in
the
way
set forth in
plaintiff's
petition and that the plaintiffs are
manner
and
entitled
were
to
bring
interpret and declare the validity
invalidity of said act."
or
'
Mountain Grove; Mo.
Bond
Sale—The
he imer
both
Baum, BernPiersol & Co.,
City,
recently
$70,000 2V2% electric
Co.,
of
and
Kansas
purchased
.
light system bonds.; Dated Feb.
1, 1944.
Denom. $1,000.
Due
$5,000 Feb. 1, 1949 to 1962, Bonds
maturing
1955
1962
to
are
tional for redemption on
1954,
or
date
interest
any
payment
Principal and
at the
First National Bank, Kansas City.
These bonds, authorized at a
ret
cent election* in the opinion
p|
pounsel constitute direct oblige
tions of the City with
principal
and
(F-A)
interest
limited
ad
payable
payable
valorem
from
taxes
up,-
which
be levied
against all of the
taxable property located therein.
Legality approved by Bowersock,
may
Fizzel & Rhodes, of Kansas City.
,*V
1+ 't
■
<
,,
NEBRASKA /
(*
v-l*
'<*'
_■,
f
4 b'*■'--
.
A
.
*■*■.$'
Alliance, Neb.
Bond Sale —The KirkpatrickPettis Co., Omaha, recently pur¬
chased
$90,000
\lk%
refunding
bonds.
Dated April 1,- 1944. Due
$30,000 April 1, 1945 to 1947.
v
:
of
the
-
,
district's real
to
Cedar
r
*
County School District
No. 101 (P. O. Wynot), Neb.
Bond Sale—The Wachob-Bender
Corp.
chased
Dated
of
Omaha
$10,000
recently
refunding
Feb.-1, 1944. /
pur¬
bonds.
an
election
on
quiring
public
Miller, Neb.
recently
pur¬
chased $5,000 4% refunding bonds.
Dated March 15, 1944. Due
$1,000
March 15, 1950 tp*»1954.'
'
.
I
are
in
re¬
of
sale
of
power
districts
was
by the unicameral State
Legislature April 6 by a vote of
,
passed
departments.
nator
The
April
bill
which
3, and
listed
was
as
request
introduced at the
Governor
Griswold,
emergency
clause
an
which will make it effective with
than
more
rejected by the board of directors
of
a
district,
sale
could
but
be
at
suit
in
the
State
Supreme Court
Consumers
Public
prevent
Power District from
carrying out
Guy C. Myers
expected to
after signing of the
contract
with
be
dropped
was
bill.
The
is
Consumers Power District
expected
to
announce
soon
an
offering of $42,000,000 refunding
bonds.—V. 159, p. 1397.
Oshkosh, Neb.
KirkpatrickPettis Co. of Omaha recently pur¬
chased $46,000 refunding bonds.
Bond
Sale—The
Dated March
1, 1944.
Due March
1, as follows: $2,000 in 1945 and
$4,000 in 1946 to 1956.
Due
bidders
were
^. ••
Bidder—
M.
M.
of
Fair
recently
purchased
refunding
bonds.
Dated March 1, 1944., Due March
1, 1954, optional March 1, 1945.
$35,000
2%
Bonds Defeated—Louis
Kusy,
City Clerk, reports that' the $5,000
swimming pool bonds were de¬
feated
the
at
election
cently.
held
re¬
"
.
Julius
A.
New
Bolan,
Bond
fied
Purchase
The
—
~
■ ■
Proposal
following
taken
from
Local
2
100.517
2
____
Saffin
&
&
Miller &
L. Allen &
2
the
100.415
2.10
100.10
bids
until
3
to
be in
1964.
to
a
multiple of V\
or
must
for all of the bonds.
same
the
Prin¬
cipal and interest payable at the
City Treasurer's office.
No pro¬
posal will be considered which
specifies a rate higher than the
lowest
rate
stated
in
acceptable proposal.
posal must state the?
Each
bonds, which shall be not
$44,000 nor more than
As
between
legally ac¬
ceptable proposals specifying the
same
rate of interest, the bonds
will
be
sold
to
the
bidder
the
least
of
amount
bonds,
bonds to be accepted being
those first maturing, and if two
the
bidders
more
offer
least
same
Rati¬
report
minutes
of
is
the
Board, con¬
Funding Commis¬
chaser
must
also
pay
equal to the interest
accrued
of
to
the
the
date
purchase
amount
the bonds
of
payment
price.
to the
In
the
stituting the
sion, special meeting of April 3:
event
that
of the
bonds the income received
The refunding proposal of the
Borough of Bergenfield was fur¬
the
prior
delivery
by private holders from bonds of
be
same
type and character shall
taxable
by the terms of any
After discussion,
Federal income tax law, the suc¬
following resolution was pro¬
cessful bidder may, at his elec¬
posed by Mr. Howe, seconded,,by
Mr. Ehmling, and duly adopted:\ tion, be relieved of his obligations
under
the contract to purchase
•Resolved that the Borough of
the
ther considered.
the
Bergenfield
shall
adopt
suitable
indicating
its accep¬
tance of the conditions proposed
by the Funding Commission at its
meeting of March' 27, 1944; which
conditions
follows:
are.
That
to
pay
over
the
interest
in
ate
in
in
substance
as
the
municipality
this fund not only
saving which will
1944, but will appropri¬
1945
such additional
as
are
necessary to
procedure to be used with respect
to the purchase of bonds from the
and
in
such
case
the
deposit accompanying his bid will
be returned.
der
will
be
The successful bid¬
furnished
with
the
opinion of Hawkins, Delafield &
Longfellow of New York, that the
bonds
are
valid and
legally bind¬
ing obligations of the City.
close
certified
a
check
for
En¬
$880,
payable to the City.
New Jersey
mon¬
bring the
fund back to $28,000.00; the same
eys
bonds
Economic
(State of)
Department
Estab¬
Van
unsuccessfully
change in the
a
the
the
two
of
or
effect
to
the
on
in
dations."
,
J
/'■:
posals
sev¬
created
amount
by the ordin¬
equivalent to the
interest savings which will result
of
$13,000
159,
boardwalk
least
same
municipality to the date of
1493—it
p.
is
10-member
Council
unsalaried
&
Eco¬
the
of
of
the
bonds,
proposal of
in
the
be paid upon the
deposit made by
the successful bidder.
The pur¬
chaser will be furnished with the
opinion of Reed, Hoyt & Wash¬
burn, of New York, that the bonds
are valid and
binding obligations
of the Borough.
Enclose a certified
check
to the
Borough.
for
$3,000,
'
payable
j
/,
NEW
MEXICO
Albuquerque School District (P. O,
Albuquerque), N. M.
Plans
Board
Bond
of
to
calling
used
for
invited
election
an
$500,000 bonds
post-war
/
improvements.
The
—
has
for
issue of
an
be
Election
Education
petitions
to vote
school
h-;.
Mex.
Bonds Authorized—At
/
an
elec¬
April 4 the voters author¬
on
ized
the
issue of
$252,605 bonds,
$100,000 street and
follows:
;'•//////
Silver City,
Bonds
Voted
—
N. M.
R.
-
P.
Noble,
Clerk, reports that the $50,park, playground and swim¬
ming pool bonds were voted at
bonds—v.
reported
the
election
the
Authorized
Board
final
of
Recently
passed
on
reading the ordinance call¬
ing
for
000
sanitary
bonds.
will
the
issuance
of
$230,-
construction
sewer
Date of sale for the bonds
be
announced
shortly...
NEW
'//r
Bond Offering—Alice
ceive
Borough
sealed
(EWT)
chase
bids
will
until
8
$150,000 not to
re¬
m.
coupon or registered public
improvement bonds.
Dated May
1,
1944.
Denom.
bonds
1945
payable
$1,000.
to
able
1954,
Bids
non-callable
$15,000
and for
May
1,
redeem¬
bonds
payable $15,000 May
1, 1945 to 1954, each bond payable
after May 1; 1949, being redeem¬
able at par and accrued interest,
at the option of the
BorOugh, on
any interest payment date begin¬
the
holder
upon
notice to
thereof by publishing
notice of intention to
suitable
date
least
in
once
on
a
financial
a
in New
designated
newspaper
York
not less than 30
City,
at
date
for
the
bonds,
purchase
$12,000-a- deemable
bonds.
•
7
Authorized
—
Frank
Moore,
State Comptroller, re¬
cently authorized the city to re¬
fund
$4,000,000
bonds
comipg
due during its next fiscal year.
Early offering of the bonds is in
prospect.—V. 159, p. 1493.
'
"
Mayor Approves Hospital Bond
Issue—Mayor Joseph J. Kelly on
April 1 approved the action of the
Common
Council in authorizing
$285,000 bond issue for improve¬
ments
at
the
Meyer Memorial
(City) Hospital.
The bonds will
be
issued
at
the end of
a
.
30-day
waiting period as required by the
city charter. ' In addition to the
to be raised (by the sale of
city has appropriated
$15,000 to the improvement pro¬
money
bonds, the
<\.y v-V;' ■;>
gram.
De Witt
fP, O. De Witt), N. Y,
Governor
ernor
Rules
580
.
Approved Bill—Gov¬
Dewey has approved the '
Committee Bill as Chapter
of the
Laws of
ing acts of the
1944, legaliz¬
town
relative ,to
emergency repair and reconstruc¬
tion of certain trunk sewer lines
in Park Hill Sewer District and
authorizing
exceed
a
bond
issue
not
to
$8,000.
of
non-
Massena, N.Y.
Bond Debt
Principale and
Reduced—The
Vil¬
lage Board revealed recently that
the
village's bonded debt has been
reduced
during
the
past
year
from
$133,500 to $60,000 and there
will
be
will
reject all
proposals for the purchase of re¬
or
YORK
nor more
prior to the redemp¬
designated in .such no¬
tice.
After considering the pro¬
posals received, the Mayor and
Council will either reject all pro¬
tion
-
Buffalo, N.Y.
,
pur¬
exceed
6%
will be. received for
The
a
p.
April 25 for the
on
of
Achannel,
Clerk,
C.
..
;Princeton, N. J.
Acting
recently.
that
Refunding
—
Finance
held
bonds will not be sold until after
the war,
Paterson, N. J.
Bonds
callable
and
amount
event
rate
accept
chaser /must pay accrued interest
from the date of the bonds to the
date of delivery. No interest will
bids were received and that
the bonds will be sold
privately.
a
A
lowest
offer -to
bidder offering to pay the
highest
price will be accepted, The pur¬
no
the New
Commission.
and
000
No Bids Received—In connec¬
tion with the
offering on April 11
ning May 1, 1949,
Jersey Transit
the proposal of¬
the
name
interest
( >;/ /,'■■'
North Wild wood (P.O. Wild/
wood), N. J.
]
nomic
to the
sold; and if
such proposals name
more
Town
of the
over
in
proposal
and fire station;
Edge
further study to this in¬
volved subject and
reaching defi¬
nite conclusions and recommen¬
posals
an
pay
be
giving
Governor
mission and South
agreement that the munici¬
upon
to
higher
named
pres¬
corporations
Jersey,"
from the acquisition of bonds by
the
respective funds from the
date of-acquisition of any bonds
foregoing approval is conditional
than
road; $50,000 flood control; $57,605
reimbursement; $25,000 street
equipment; $10,000 each for parks
New
lished—Gov.
Walter
E.
Edge
signed on April 6 a bill creating
new
interest
rate
acceptable
bonds
than 40 days
resolved that the
price
less
added: "No time should be lost in
the. State Planning
Board, State
Housing Authority, New Jersey
(Advertising) Council, Municipal
Aid
Administration, State Service
Officer, Port Raritan District Com¬
1949
be
of
fering to accept the least amount
of bonds
(such bonds being the
first maturing bonds) will be ac¬
cepted, unless two or more pro¬
as
considerable
registration
published
to
;
a
the
proposals which
of
lowest rate,
have
measure, which goes into
effect July 1, merges functions of
1946
~
in
and
for all
purchase
not
lowest
legally
for
tion
the
Be it further
for
1%
Sante Fe, N.
redeem the bonds
aside
rate
a
•
Jersey State Department
of Economic Development.
De¬
signed to meet post-war problems,
set
The
must
will not consider
than
Pointing out that the New York
Legislature recently passed
an
intangible tax law "which may
an
on
David
of
State
com¬
plying with the terms of sale and
offering to accept for the amount
bid
Sen.
attempted
ent law.
bid
than
$45,000.
son
pro¬
amount
session
committee
personal tax
Former Governor Edi¬
bring about
legally
any
1945
The
intangible
problem.
one-
be
con¬
interest
same
$150,000 nor more than $151,000.
In selecting the
proposal to be
accepted, the Mayor and Council
which
for
be the
of the National State Bank
the
on
Rate of interest
tenth ":oL;l% -and
owing to the
The
Governor said the Com¬
mission will be supplied data ob¬
tained in several years of research
May 1, 1944.
Denom. $1,May 1,
as
follows:
$2,000 in 1945 to I960, and $3,000
Due
1961
3%
in Newark,
and Norman S. F.
Russell, President of the U. S.
Pipe & Foundry Co., Burlington.
the
Dated
in
the
includes
ident
(EWT)
p.m.
of
Alstyne, Jr., Bergen County Re¬
publican; Assemblyman Jacob S.
Glickenhaus, Essex County Re¬
publican; W. Paul Stillman, Pres¬
purchase of
$44,000 not to exceed 6% coupon
or registered sewer of 1944 bonds.
000.
at
Legislature.
also
Wooding/ City Clerk, will receive
April 25 for
meas¬
average
legislation
Co., and C. P.
Long Branch, N. J.
Bond
Offering — J.
Arthur
on
the
/-;./// />;//\
sideration
100.387
''
2.10
Dunning & Co
sealed
the
amounts
on
reconamend
and 'Co.__
with
100.516
Co.-__'____
Sherrerd,
MacBride,
of
sponsor
sion, headed' by John F, Sly of
Princeton,
to
study
intangible
personal property taxation and to
of
to accept
amount, then to
offering to pay there¬
for the highest price.
The pur¬
/
Government
the
100.787
Trust
Bank
State Senator Samuel
Commission
to
Study
In¬
tangible Tax—Governor Edge has
appointed / a
five-man
commis¬
100.15
the bidder
Bergenfield, N. J.
pared
100.262
1.90
Inc.
Bronx
Bodine,
fund.
2
Rippel,
Butcher
the
L.i.':L/ ^
bill
of
1/20 of
bonds,
the
,■;/ pledged
York, and Schwamm
& Co.
H.
•
the
any
L.
Price
Co.___A 1.90%
Fair Lawn
National
or
NEW JERSEY
&
:
,
,
must
name
Proposed—A
rate
of
specified
contributions by the State to the
State Teachers' Pension and An¬
Int.
Rate
■
Lawn-Radburn
Co.,
less
Lincoln
;
rate
State Legislature
would permit an issue of
$5,965,000 bonds to make
up
deferred
Denom.
follows:
as
i
Freeman
for the
Wilber, Neb.
.
.
Bond Sale—The First Trust Co.
ser¬
women."
Issue
before the
now
The next
J. Van Ingen & Co., and
Minsch, Monell & Co.____
lower than any rejected bid.
Governor Griswold's injunction
and
men
Bond
ure, declared that the bonds would
be sold on a 2%
basis as com¬
price
a
particularly to returning
vice
highest
bidder was Campbell & Co.,"" for
13/4S, at a price of 100.09/ Other
negotiated
no
made
and
on
in 1948 to 1962.
bid is received and
one
"with
the
name
multiple
.
measure
nuity Fund.
the
Governor's signature.
The measure will permit nego¬
tiation for sale of bonds if no
veter¬
genuine satis¬
faction" and promised it "will be
of inestimable benefit to the
State
$72,000 water
1,
1942.
Oct. 1, as
Coordi¬
of
follows:
$3,000 in. 1944 to 1947, and $4,000
$1,000.
was
of
carried
■
the
159, p. 1397—were
Haupt & Co., and
Harvey Fisk & Sons, both of New
York, as l%s, paying a price of
100.263, a basis of about 1.72%.
Oct.
the
directors
services, municipal aid, com¬
and planning and
engineer¬
ing.
■"'•/.' ' •,/ ■
/
' •.
Governor Edge said he signed
11—v.
Dated
Under
be
merce
awarded to Ira
B.
LB
Sale—The
will
Bank
ans'
Lawn, N. J.
Bond
of 1942 bonds offered for sale
30 to 4.
ance
Bond Sale—The Wachob-Bender
Omaha
bids
bonds
eral funds
of
ground
Competitive Sale of Power Dis¬
pality shall,
ment bonds.
Corp.-
sub¬
was
the
on
instrumentalities
maturity, and
April 4 the voters authorized an
issue oT"$90,000 airport develop¬
<
power
trict Bonds Approved—A bill
funds
■
Hastings, Neb.
Bonds Voted—At
property
taxation
such
the
that,
was
not governmental subdivisions.
occur
■
This decision in¬
opinion
resolutions
!- v-.
taxes on
owned
op¬
Aug. 1,
thereafter.
interest
for
dicated that the district court
and
paintain this action to construe,
'/
by the district.
a
Seehorn
plaintiffs
the
are
claim
other vehicles
for sale of bonds
in
Judge
that
of them
and
law.
it
.
court,"
"finds
and each
county's
trucks
vio¬
the
contended
rea¬
taking
property without due process of
law, that it named no defendants
and that it made the county col¬
lector
perform duties not pro¬
vided
the
to
The court did not cite
/
de¬
a
property
,
four
some
that
that
an¬
was
Court, in
held
ject
would
be
taken to the State Supreme Court.
Applying
only
/to
Jackson
County, the law permitted all
property on which taxes were ,de¬
linquent four years or more, to
appeal
an
reme
interest payable at the Princeton
&
Trust
Co., Princeton.
Each
submitted
proposal
must''
diction
which
Tax-Exempt—The Nebraska Sup¬
Coordinator will have juris¬
over the functions of these
year
be
Ruled
1605
no
increase
in
taxes for the coming year.
village
«.
THE COMMERCIAL
(P. O. Buffalo), N. Y.
Highest in 15 Years—Frank
Collections
Tax
County Treasurer, writes under date
Enclosed you will find County
the
tax
A. Slade,
of April 10, as follows:
Treasurer's annual statements,
and the other to the
Only by comparing the 1943 tax collection with
tion can one realize the wonderful improvement in
This comparison
Unpaid on
Col¬
Date of Sale
Date of Sale
Tax Levy
-
lected
59.86%
$7,089,970.16
7,213,712.82
$4,244,231.47
6,650,356.50
$2,845,738.69
563,356.32
Cou'nly__-$14,303,682.98
$10,894,587.97
$3,409,095.01
6,456,179.72
Towns
Buffalo
Total
1943—
7,084,937.39
8,067,092.72
7,865,377.14
628,757.67
201,715.58
County—$15,152,030.11
$14,321,556.86
$830,473.25
Towns
Buffalo
Total
92.19
76.17%
91.13
97.50
94.52%
collected in 1933 was the lowest in many
the ,1943 collection shows the highest percentage col¬
percentage of taxes
The
whereas
-past 15 years.
The county-held tax certificates on
years,
lected in the
Jan. 1, 1944, total
$8,598,037.64
of $1,245,150.55 since
the county purchased
$823,767.27 in certificates at the 1943 tax sale. This indicates that
$2,068,917.82 in tax sale certificates were either paid or cancelled
through tax foreclosures during the year 1943.
lowest since Jan. 1,
1, 1943, and
Sale—The $300,000 notes
for sale on April 10—v.
Note
of
construction
the
Mamaroneck, N. Y.
Sunday Bridge Closing Dispute
ignated
Executive
General
Counsel.
P.
John
meeting,
Director
At
the
types of public
Riley,
and
same
Chief
Engineer of the Authority, was
named Director of Development.
Apropos of Mr. Tretter's appoint¬
ment, the "News" stated as fol¬
V"
lows:
Mr.
■'
'
Tretter has been with the
Authority since January, 1938. At
that time he
appointed Assis¬
was
Corporation Counsel of the
City of New York, and Counsel
to the Authority.
He was pro¬
tant
N.
1976
on
which
were
callable at
103
1, 1943, and the over-all
in interest charges as
of the operation will be
Nov.
saving
result
tenders
War Bond
improvements.
on
the
at
fundings
later
Regional
same
agency
tional
States.
Counsel for the
covering 10 addi¬
In these positions
with the Federal Government he
took
early housing
the PWA hous¬
ing program and the then pend¬
ing Federal legislation for de¬
centralizing the housing program
part
in
the
14,000 Buncombe County
refundings at 89.10.
series 2
operated by the authority
during 1943, as contrasted with
40,000 City of Asheville
refundings at 80.50.
Purchases—The Au¬
for
various types
McDaniel
as the Port Authority
Bonds for the Lincoln Tunnel and
the
Bern),
C.
Voted—The
Jane
voters
re¬
issues to¬
bond
taling $45,000 at a special election.
ordinances
authorize
the
of the Southern Pines
club and repairs to the
Country
club
house.
ance
first
Hol¬
issu¬
the
authorizes
of bonds for
site and recon¬
of $33,000 worth
of the
purchase
—
Barcus,
100,055.00
approved
The
(P. O. New
100,013.10
Co.,
1st 70M 2%K
The
trict refundings.
Wanted
16M
1%%
purchase
Tenders
&
& Co.,
Bonds
The
struction of the club house.
land,
Clerk
of the Board of
County Commissioners, announces
second, for $12,000, authorizes the
purchase of the remainder of the.
that, in accordance with the pro¬
visions of the agreement with
Bondholders'
Committee, sealed
300-odd
with
the
township
Bridge Authority, are conforms
local governmental
subdivisions boundaries, for the purpose of
and, as is true of all other States issuing bonds of maximum prin¬
and
their political subdivisions, cipal amount of $550,000 to fi¬
the interest received from their nance the construction, enlarge¬
bonds is exempt from Federal Tax ment, alteration and equipment of
under the terms of the various school buildings and the purchase
revenue
acts of Congress.
The of sites for the buildings.
The
resolution
was
adbpted
Treasury
Department
action
against the port authority bonds after T. Fletcher Bulla, County
was
intended
by
the Federal School Superintendent and Sec¬
agency as a test case incident to retary of the County Board of
its attempt, dating back over five Education,
presented a petition
years,
to establish the Federal asking for the election. The petiion was signed by J. A. Martin,
power to tax interest on all State
and municipal bonds.
acting board chairman, and mem¬
bers of the school board of the
Although the litigation, titled
borough
Bonds totaling
$10,121,200 were
issued
since July
1, while an
aggregate of $59,873,742 was re¬
deemed.
Of the total funded debt
of Feb. 29,
as
426,958,184,
funds held
Total
both
the public held $2,while city
sinking
$48,096,108. /
bonded
debt of
the
funded and temporary,
city,
was
to $3,049,482,292 on Feb. 29,
compared with $3,047,866,834 last
July 1. Of the total outstanding,
up
thority,
1959-56'.
Port of New York
Authority, N. Y.
ury
its
the Queens-Midtown
i
,
•
The new resolution
election
on
May
16,
calls for an
at regular
which undertook to de¬ voting polls which will be open
action because of the from 6:30 a.m. to 6:30 p.m. EST.
great public interest involved in
the outcome of the case, the Treas¬
General Reserve Fund Increased
Authority Bonds for $2,552,064 in 1943—
The general reserve fund of the
Tunnel, and
New York City Bonds.
He also Port of New York Authority was
handled the review and approval increased by $2,552,064 during the
of construction contracts and re¬ year 1943, thus swelling the fund's
lated problems in connection with total to $14,168,555, it„was stated
county.
the
fend
Tunnel
Lewis
cently
school and sanitary dis¬
N.
1st
Southern Pines, N. C.
78.
Craven County
100,150.00
Southern
Co.,
Co.,
balance
4,000 City of Asheville series 2
general refundings at 90.50.
10,000
Asheville
Local
Tax
School District refundings at
Other
&
Kindred
nounced.
of municipal and public improve¬
ments, such
l3/4%, balance
Dickson
including,
land
of
acres
and installation of?
a
modern sprinkler system for
tenders
of refunding
bonds of the golf course as a postwar;
h
July 1, 1936 (including perma¬ project.
nent
improvement
and school
Transylvania County (P. O. Bre¬
issues), will be received by the
vard), N. C.
v
>
county until noon on May 1.
Tenders Wanted—E. Carl Alii-'
Tenders must give the series,
son, Chairman Board of County
bond number and the principal
Commissioners, calls for tenders'
amount of each bond and shall
of the following bonds until noon
stipulate the price at which the on
May 1,1944, dated July 1, 1937,,/
bonds are being offered, which
due July 1, 1972:
price
shall
be
interpreted to
General Refunding.
1
.h
mean, plus accrued interest from
School Refunding.
Jan. 1, 1944, to date of delivery.
Funding, Series A.
All
coupon
bonds offered shall
Funding, Series B.
have the July 1, 1944, and subse¬
Interest Funding, Series A.
-M
quent coupons attached.
All of¬
airport. Also, for an amortization 000 for plant improvements dur¬
Interest Funding, Series B.
ferings must be firm until May 3.
fund into which shall be paid all ing the next few years, and inAll tenders must be considered
One or more bonds may be ten¬
revenues
from operation of the furtherance of this program the
firm for five days following date
dered.
airport, and for payment of in¬ sum of $1,500,000 mentioned above
Bonds will be purchased at the of opening unless otherwise spec¬
terest
and
retirement
of
the was set aside frpm 1943 revenues.
lowest tendered price. Such of the ified in the tender.
bonds.
Operating expenses of the Au¬
tendered bonds as are accepted
thority in 1943 totaled $3,611,286
NORTH DAKOTA
City Debt Cut 50 Billions in 8
for purchase shall be delivered
as
against $4,000,513 in the pre¬
Months—Funded debt of the City
through either the Branch Bank¬
Dickinson, N. D.
ceding year and the decrease of
of New York was cut almost $50,Bond Sale—The $30,000 water
9,7% the report says "compares ing & Trust Co., or the First Citi¬
zens Bank & Trust Co., New Bern,
000,000 in the period from July 1,
works bonds offered for sale on
very favorably with the 7.4% de¬
1943, to Feb. 29, Joseph D. Mc- cline in operating revenues for within five days from notification April 10—v. 159, p. 1198—were
Goldrick,
comptroller, has an¬ 1943 as contrasted with 1942." of the acceptance of the tender.
awarded
to
the
First National
$2,522,958,184 is in the hands of
the public and $526,526,108 is held
by sinking funds. In addition, the
sinking funds hold $75,348,000 of
to the various local housing au¬ federal
government obligations.
Shamberg v. Commissioner of In¬
thorities.
He was responsible for
During February, the city sink¬
ternal Revenue, was initially re¬
the approval of numerous bond
ing fund purchased $3,000,000 of
solved in favor of the Port Au¬
issues involving several hundred
2V4% U. S. Treasury bonds, due
dollars
S.
Investment
general
of
total
nels
studies relating to
million
Corp.,
Inc., 1st
3Vz 7c, balance V/2
82.47.
22,000,000 vehicles
used the various bridges and tun¬
A
tions.
responsible for
execution of the policies estab-*
li&hfd by the Authority.
Before coming to the Authority
Mr. Tretter was Chief Counsel of
the Federal Public Works Admin¬
istration for New York State, and
be
Michigan
80M
re-
Funded debt oustanding at the
Randolph County (P. O.
Total funded debt was $2,962,close of 1943 aggregated $181,046,Asheboro), N. C.
position of Assistant 806,834 on July 1, and was $2,913,000, of which $935,000 bonds were
Bond Election Authorized—The
to the Chairman in June, 1941,
054,292 on Feb. 29. These amounts held in funds of the Authority.
County Commissioners, in regular
by Gerard Swope, then Chairman are exclusive of $899,295 on July
The current report discusses the session on April 5, unanimously
of the Authority, and continued 1 and $802,933 on Feb. 29 of as¬
recent
decision
of the
United adopted a resolution providing for
as
assistant to Edmond
Borgia sumed
BMT-BQT
underlying
States Tax Court which held that
special election in the new
bonds and bus equipment obliga¬
Butler, the present Chairman.
the Port Authority, also the Tri- Asheboro school district, which
As
Executive
Director,
Mr.
will
of ~
Kirchofer & Arnold,
R.
County
100,100.00
C., 2 c,'o
First
call for
April 3:
Buncombe
$93,000
purchased
were
with
accordance
approximately $1,440,000.
numerous
bonds
following
in
moted to the
Tretter
next
•
.
,
1, 1944. Denom. $1,000.
highest "bidder
was
'Braun, Bosworth ■& Co., for $28,The
Authority
Port
25,000,000 in 1942. Toll revenues,
159, p. 1493—were awarded to the thority bought war bonds with a at $13,239,000, represented a de¬
County Trust Co., of Mamaro¬ maturity value of $235,800 in the cline of 22% from 1941 and 8%
neck, at 0.40% discount.
Dated fourth war loan campaign. This from 1942. Other income from
April 13, 1944.
Denomination, a purchase makes a total of $1,097,- building rents (Port Authority
and from
single note or in denominations 928 of Authority funds invested Commerce Building)
not less than $25,000.
Due July in war bonds, with a maturity investments, bank deposits, etc.,
brought total income for the year
value of $1,376,600.
15, 1944. Other bidders were:
to $15,059,725.
Bidder—
Discount
New York, N. Y.
National
Bronx
Bank
of New
Net income available for sink¬
York (plus $1.11)
0.675%
Airport Bond Issue Authorized ing funds, reserves and debt re¬
Manufacturers
Trust
Co.,
New
—Governor
Thomas E.
Dewey tirement amounted to $6,546,698 as
York (plus $30)
0.69
Chase National Bank, New York_ 0.73
signed on April 6 the Coudert- contrasted with $7,173,191 in 1942,
Mitchell bill permitting New York a reduction of 9%, and $8,740,131
New York City Housing Authority,
City to finance the new Idlewild in 1941.
N. Y.
Out of 1943 net income, the au¬
Edmond ;
Butler
Reelected airport with a thirty-year bond
issue, so as to enable it to be a thority made the usual annual re¬
Chairman — Maxwell T r e 11 e r
series G
self-liquidating project. The reg¬ tirement of $800,000
Named Executive Director—The
ular statutory time limitation for
bonds and appropriated $1,500,000
current issue of "News," issued by
such a bond issue is 20 years. to the newly created "Restoration
the housing authority, reported at
The airport is expected to cost and Improvement Reserve." This
the annual meeting of the Au¬
fund was created to provide for
$60,000,000" to $100,000,000.
thority on March 2, the members
The bill, introduced in the Leg¬ essential
improvements to the
reelected Edmond B. Butler as
islature at the request of Mayor authority's facilities, especially in
Chairman and Mary K. SimkhoF. H. LaGuardia, authorizes the the case of the Holland Tunnel
vitch as Vice-Chairman for onesetting up of a development fund which, during its 17 years of life,
year terms.
Mr. Butler has been
"has
been
to receive all payments for leases,
operated
with few
Chairman since May, 1942.
It is
permits and other privileges at major improvements or replace¬
further noted that at a recent
the airport, and to be used solely ments of its original plant." The
meeting of the Authority, Max¬
for the acquisition, construction authority contemplates the pos¬
well H. Tretter, Assistant to the
and physical development of the sible expenditure of about $3,210,Chairman and Counsel, was des¬
offered
at
arguments
hear
will
Syracuse
Court
District
S.
U.
—The
1955, $5,000 in 1956 to 1961, and
$10,000 in 1962 to 1964, as lV4s.
Dated May
wartime conditions, the April 17 on an application by 000, l%s, and $72,000, l%s, at a
price of 100.043, a net interest
achieved a new
bridge
owners
to permanently cost of 1.524%.
milestone in its financial history
enjoin Federal authorities from
Other bids were as follows:
last year incident to the award at
closing various Canadian border
Bidder—
price
competitive bidding in August of bridges on Sunday. A temporary Stranahan, Harris & Co., Inc.,
an issue of $14,281,000 seventh se¬
1st 55M l%7e, balance 1V2%
$100,085.0.0
injunction was issued by Judge
First
Securities
Corp.,
Vance,
ries general and refunding bonds
Stephen W. Brennan in U. S.
Young & Hardin,
Inc., 1st
The issue, bearing an interest rate
District Court at Utica on April 7.
25M 4%'/;-, balance
100,075.00
of 2%%, was sold at a price of
Wachovia
Bank & Trust Co.,
Asheville, N. C., John Nuveen
NORTH CAROLINA
101.337, the resulting net interes
& Co., 1st 70M 2%, balance
cost of 2.68%
being the lowest
100,007.00
i%:%
Buncombe County (P. O. Ashe¬
ever attained by the Authority on
Equitable Securities Corp., F.
ville), N. C.
W.
Craigie & Co.,
1st 90M
long-term borrowings in the 17
Bond Tenders Accepted—Curtis
100,097.00
1%%, balance 1V2%
i
years
it
has
been
marketing
Bank of Reidsville, 2%
ioo,ooo.ob
bonds.
Purpose of the issue was Bynum, Secretary of the Sinking First National Bank, Reidsville,
Fund Commission, reports that the
to redeem various 3%% bonds of
1934), a reduction
this in spite of the fact that
(the
Jan.
N. Y.
follows:
$20,000 maturing $4,000 Mr,y
1, 1946 to 1950, as 4s, and $80,000
maturing May 1, $4,000 In, 1951'Id
For
created by
Collected to
Total
1933—
059,725, a decline from 1942 of
$1,110,523, or 6. 9%.
Despite pleasure driving bans
and
other
operating
problems
the 1933 collec¬
the tax collec¬
during the past 11 years.
is as follows:
in Erie County
tions
annual report of the
New York-New Jersey agency,
pertaining to the 1943 tax collection,
sales certificates outstanding Jan. 1, 1944.
one
interest cost of 1.423%, as
a decision by the U. S. Supreme
the'Court, if the case should reach
chairman of which is Frank C. that tribunal, will be forthcoming
Ferguson. Income from all sources before 1945/'
:
during the year amounted to $15,- Thousand Islands Bridge Authority,
in the 23rd
Erie County
1943
& FINANCIAL CHRONICLE
Department
intention
to
has
announced
appeal
the
Tax
S. Circuit
Appeals for the Second
Court decision to the U.
Court
of
Circuit.
In this connection the re-
port says that "It is not
Reidsville, N. C.
Bond Sale—Tne
$iuu,000 airport
for
courses
offered
159, p. 1494—were
Fox,
ing
&
likely that paying
awarded
Reusch & Co., and Brown¬
Co., both of Cincinnati,
a price of 100.005, a net
l%s, pay¬
of Dickinson as
Bank
Dated May
1, 1944.
Denom. $1,000. Due May
1, 1947 to 1961.
The next highest
ing a price of 100.116.
bidder
was
the
of
Bank
North
Bismarck, for l%.s, at a
price of 100.10.
Dakota,
Grand Forks, N.
Bonds
held
on
At
Dak.
election
Voted
—
April
3, the voters 'apT;
an
proved the issuance of $50,000 in
bonds for the purchase of needed
fire-fighting
equipment,
by
a,
count of 3,868 to 907, according to
Charles J. Evanson, City Auditor.;
OHIO
-V'.'
/.V;
Cincinnati, Ohio
Bond Call—Arnold E. Majoew-
sky, Secretary Board of Sinking
Fund Trustees, reports that south¬
ern
railway terminal and better¬
ment
bonds
Nos.
CI
to
C500;
$500,000, are
called
for payment on July
1,
1944, at the Irving Trust Co., New
York City, or at the Provident
Savings Bank and Trust Co., Cin- ;
cinnati.
Dated'July 1, 1904. De-<
nom.
$1,000.
Due July 1, 1965;
optional July 1, 1944.
Interest
ceases on date called.
[
3V2%,
sale on April
bonds
11—v.
i;o
golf
aggregating
Columbus, Ohio
Utility Tax
Imposed — A 5%
tax on elec^
utilities" commodity
trical
energy,
natural
gas
con-
Volume
159
Number 4273
THE COMMERCIAL & FINANCIAL
CHRONICLE
sumption, local telephone service
grade
and water consumption now is ef¬
fective in Columbus.
The tax is
rowed to only
added
separate
a
item
to
at
the
time
each
bills
lage
6% interest rate.
a
25
are
over
It is estimated
East
of
V4 of 1%,
(A-O)
sealed
land, and a
ing opinion
until
noon
Sanders
May 2
on
1,
Dated April
1944.
Denominations: $1,000
$500, one for $3,766,
Due
Sept. 1, as follows: $3,766 in 1945,
$3,500 in 1946 to 1953, and $4,000
and
in
1954.
Bidders
different
rate
bid for
may
of
interest
multiple of x/\ of 1%.
a
in
a
Said bonds
issued for the purpose of pro¬
viding a fund to pay notes of the
are
ordinance., of
"Ordinance
said
a
sold
to
premium
for
and
and
the
check
interest
Enclose
for
bonds
amount
gross
accrued
delivery.
of
to
of bid
of
certified
a
$357,
payable to the
(These are the
bonds originally offered for sale
on April
10.)
City
Treasurer.
.
*
C
'/
Other Bids — The $42,000 re¬
funding bonds awarded April 3
Braun, Bosworth & Co., Toledo,
as
IV4S, at par plus a premium
of
$241.40, equal to 100.574, a
of
about
1494—were
1.18%—v.
also
lows:
'■ ,■.
bid
159,
for
""V
'
.■
.•i"//.
The
Co., Columbus___
Roth
&
Cincinnati
■;
J.
A.
iy4%
_____
Ohio
■Weil,
White
1957 and
1958, and $10,000 of the
maturing in 1959.
The circular describing the offer¬
ing states that the "financial sta¬
bility and characteristics of the
people in the school district, as
$10,500
$76.00
iy4
45.00
iy4
26.00
1V2
459.00
as the stability of
economy,
well demonstrated by the fact
that total accumulated delinquent
the current issue,
iy2 ';
347.00
iy2
'
Braun,
Gallipolis
iy2
Harriman
Ohio
IV2
3,012
IV2
:
___•
.
2,331
..
Ripley & Co., Inc. IV2
839
callable until
Co.
541
1%
West
2V2
(P.
Middle-
is to
be
submitted
terest
payable
at
the
County
■Treasurer's office, Middletown. A
transcript
of
the
reference
pro¬
to
the
issuance of these bonds will be
furnished the successful bidder.
Retirement—Governor
Kerr
has
State
recommended
Legislature,
vened
Robert
that
which
S.
the
The
bonds
called
bear
interest rate of 41/>%.
New
Bond
City
Castle, Pa.
Issue
Council
mission
to
request
may
issue
—
for
retirement
standing.
vested in
of
debt
now
out¬
The funds would be in¬
war
bonds until needed
to meet maturities.
(State of)
White & Co.,
on
April 12
The
.
A.
Cincinnati, reported
as
Ohio
continues
"The investment
Firm—J.
follows:
municipal
firm
but
with
market
prices
practically unchanged during the
past week. The index of yield for
20 Ohio bonds remains
unchanged
at 1.32%, and. the yield for 10 high
grade bonds
is
unchanged
at
1.17%. However, the lower grade
bonds continued the upward trend
in price, the yield for this grouo
declining to 1.46%, from 1.47%
last
week.
The
on
the
spread between the yields
high grade and-the lower
of the
$60,000
plant bonds.
to
be
used
State
in
payment
of
the
debt,
rather than waiting
until the next regular session,"
the Governor said, "will produce
more
of
interest
the
than
legislative
the
expenses
meeting,
will
Sale—The
offered for sale
awarded
Bank
to
of
on
the
Second
Boston
at
National
Bond
—
An
issue
indebtedness.
the
Board
to
discuss
the
possibilities of selling a refunding
bond
at
lower
a
board
by
the
interest
at
bonds,
company
to
was
the
interest.
presented to the
bonding
representatives
outstanding
of
rate
The proposition
recall
of 3x/2%
rate
the
drawing
now
making
a new bond issue
interest rate of 2XA%.
and
of
an
TENNESSEE
Athens, Tenn.
Bond Call
Paul J. Walker,
Mayor, reports that electric sys¬
—
tem
revenues,
Nos.
91
to
Series
390,
A,
bonds
callable
are
for
payment on June 1, 1944.
Dated
June 1, 1939.
Denom. $1,000. Due
June
1, 1947 to
payment
ment
of
of the
premiums
due June
at
the
Co.,
Funds
bonds
and
for
pay¬
required redemption
and
interest
thereon
1, 1944, will be available
Chemical
New
Union
1959.
said
Bank
&
Trust
York
City, and the
National Bank &
Planters
Co.,
Memphis.
date
on
Interest-
called.
Tenders
ton,
Wanted—T.
Chairman
R.
Pres¬
Sinking
Commissioners,
will
Fund
receive
sealed tenders of
0.40%
Commissioners have in the sink¬
ing fund for the purpose of pur¬
chasing said bonds the sum
$138,000. In the event tenders
Funding
County
Issue
to
to fund
petitioned
float
It
the
county
$160,000
is
expected that the
the bond issue will be
on
1M>%,
which
prevailing rate.
petition
said
unfunded debt for that
an
amount.
The
—
are
loan for
a
O.
i
Sought
Commissioners
have
(P.
of
the
is
the
now
Hearing
county
the
commis¬
on
for
authority to float the
will he held on April 24.
loan
0.346%
it
reported
was
issue will be used
place
to
re¬
motorized
Other Bidders—Gilbert L. Kep-
District
$10,000 improvement bonds to R.
Co., of Philadelphia,
as Is, at a price of
100.099, a basis
of about 0.984%—v. 159, p. 1495:
H. Johnson &
Rate
100.67
iy4
Graham, Parsons & Co
Price
1 V4 '!o
Webster Dougherty & Co.
100.13
City
Bank & Trust Co.,
Reading
Singer, Deane & Seribner___
Blair & Co., Inc
Bank
of
1V4
100.10
\V%
H. Rollins
Co.,
at
&
IV2
Sons
Cunningham & Co,___
100.51
100.47
lVa
Publicly Offered
HalStuart & Co., are offering
—
100.28
rates and number of bonds
tendered.
ad
valorem
all
the
taxes
taxable
without
levied
property
limitation
to
as
against
therein
rate
or
amount, except that the tax on
tangible personal property is lim¬
ited by law. The bankers offered
the bonds at prices to
yield from
1% to 1.75%, according to matur¬
for
1943
is
officially reported
as
089.
they
ders
May Liquidate $2,000,000 Bonds
Sinking Fund—Governor How¬
ard J. McGrath
signed on April
In
4
two
idate
measures
a
designed to val¬
proposal
dispose
of
of
$2,000,000
the
City to
bonds held
the
sinking fund for the pur¬
of reinvesting the proceeds
pose
in Federal government securities.
Senator
William G.
Troy,
Providence,
who
of
introduced
the
bills in the
shall
as
investment
an
City Clerk, will
sealed
bids
until
1
p.
re¬
m.
April 18 for the pur¬
be
delivered, if
Tenders
ac&epted.
accompanied
by
certi¬
fied check upon any incorporated
bank or trust company for 1% of
the
face
amount
of
the
bonds
City
at
a
premium.
Senator said
Offering
Clerk,
—
will
P.
W.
Smith,
receive
sealed
bids until 6 p. m. on April 17 for
the purchase of $242,000 electric
system revenue, refunding Series
B bonds-. Dated Dec.
1, 1943. De¬
nom.
$1,000. Due June 1, as fol¬
$25,000 in 1948, $26,000 in
1949, $27,000 in 1950, $28,000 in
1951, $29,000 in 1952, $30,000 in
1953, $31,000 in 1954, $32,000 in
1955, and $14,000 in 1956.
All
lows:
said
bonds
redemption
date
on
are
any
optional for
interest pay¬
prior
to^ maturity /at
premiums of 4% to June % 1945,
thereafter to and including
3%
the bonds were June
1, 1948, 2% thereafter to
registered and bonding attorneys and including June
1, 1951, 1%
for the City had questioned the thereafter to
and including June
authority of the City to exchange 1, 1955, and xk of 1% thereafter
them
To
for
coupon
remove
any
bonds.
to and
such objections,
of the acts authorizes the
City
to
issue coupon bonds upon can¬
cellation of registered bonds of
the
value.
same
pose
Lansdowne,
will
are
be
ment
of any
of
the
.which
M.
for
bonds
had decided to sell certain issues
of registered bonds held by them
chase, sell, assign, transfer
Florence
desire, that their ten¬
the purchase of all
so
tenders
of
101.05
—
to be
stipulate,
none
of the bonds tendered
and. shall state the time and place
said
Senate, explained that
the Sinking, Fund Commissioners
2
Sharon, Pa.
interest
LaFollette. Tenn.
101.12
Offering
the
Bidders may
are
Bond
2
of
specify
or
Providence, R. I.
The second act gives the Com¬
missioners authority to hold, pur¬
on
if
shall
•
100.65
(EWT)
ders
$163,334,198 and net bonded debt, tendered or purchased, payable to
including current issue is $11,789,- the Sinking Fund Commissioners.
1%
ceive
city having a maturity date prior
May 1, 1950.
Tenders or bid¬
gations of the city payable from
100.15
Bond
submitted, the Sinking Fund
Commission will consider tenders
other issues of bonds of the
refunding pur¬
poses, and constitute, in the opin¬
ion of counsel, valid
general obli¬
100.13
-
not
to
1964. Issued for
ll/2
State Bank__
in
sufficient amount of said bonds
an
interest yield basis to the
Commission of 3%%', or more, are
to
iy2
M. Freeman & Co.
of
of
one
Topton,
"A",
at
$500,000 1%% refunding bonds.
Due April 1, as follows:
$34,000 in
1950 to 1954, and
$33,000 in 1955
100.76
1V2
K.
&
Bonds
101.48
l»/2
Topton
E.
Perry
discount.
Series
a
The
Int.
Bidder—
National
at
Pawtucket, R. I.
in
Robesonia School District, Pa.
A.
Arthur
re¬
street,
sewer,
pumping and other equipment.
pley,
Boston
discount.
of
postwar public works
a
'
smaller
Bank,
dis¬
13,
ity. The city's assessed valuation
City Council has agreed on a $1,000,000 bond issue and is discus¬
sing a
$5,000,000 to $7,000,000
issue for
Apr.
Robesonia
Election
with
Other
bidders
were
Leavitt & Co., at 0.414%
discount,
Dated
Phillips, Schmertz & Co.___
Stanley H. HaUser
$55,000 bonds is to be placed on
the ballot at the primary election
on April 25.
Part of the proceeds
will be used to liquidate
existing
Refunding Discussed—At
recent meeting of the Board of
County Commissioners, it is said
that a representative of a
bonding
company
of
Minneapolis
met
Chattanooga, Tenn.
$400,000 notes
April 12 were
M.
Dickson City, Pa.
Mcintosh),
a
ceases
Moore, Leonard & Lynch
PENNSYLVANIA
O.
refunding bonds
"B" or "C", and
funding bonds of the City, all
dated May 1,
1935, and maturing
May 1, 1950, until 10:00 a. m. on
April
28.
The
Sinking
Fund
count.
sey,
County
Sunbury), Pa.
S.
amount to."
(P.
S. Dak.
Newport, R. I.
Note
disposal
"
.
Northumberland
surplus
in Government bonds at this time
County
Bond
Trust
RHODE ISLAND
per¬
-
Ohio
Municipal Market
by
The
in connection with the sale of the
years
prescribed
certified check for
a
$2,000, payable to the City.
C.42%
Considered
posal to set aside the State's cash
pro¬
from
DAKOTA
and
an
con¬
his
on
payable
National
a
surplus for this and future
act
City,
limitation
Borough
Secretary, submits
the following list of other bidders
issue,
the
law. Enclose
falling due and the others if
possible.
in special
vote
the
bonds
session on April
principally to consider the sol¬
10
dier
of
obliga¬
in
larger issue must be ap¬
proved at a special election. The
Oklahoma (State of)
tions
general
100.627
The
Would Freeze Surplus For Debt
valid
are
2%
Co.__
,
cently.
OKLAHOMA
different rate of in¬
with
voters.
without
charge the
opinion of Burgwin,
Scully &
Churchill, of Pittsburgh, that the
bonds
Corson
re¬
bidder
100.159
for
program,
$6,000 fire apparatus bonds. Dated
March 1, 1944.
Denom. $600. Due
$600 Oct. 1, 1945 to 1954.
Bidders
ceedings
the
be
1%
Council Approves Bond Issue—
O.
—
complete
to
will
1944. Due
Aug. 31, 1944. Denom. (2) $50,000,
(10) $25,000 and (5) $10,000. The
next highest bidder was the First
Unity, Ohio
on
May 10 an issue of
$5,000 water works system bonds
0
receive
bid
successful
valorem taxes levied
upon all
the taxable
property therein with¬
2,499
primary
will
his
The
late date, will be
redemption at the
same time.
In voting to redeem
the bonds, Council instructed the
proper officers to redeem
those
sioners
Bond Election—At the
Offered
Paul Mehl,
Clerk, Board of Trustees, received
a
3,235
Trust
&
Savings
Bank, and First of Mich¬
igan Corp.
V/2
..
100.11
sealed bids until 2:30
p. m. (EWT)
on
April 15 for the purchase of
bid for
*$3,882
turned.
ac¬
.
SOUTH
decided to redeem
was
available
interest
Fabey, Clark & Co
Middletown), Ohio
may
I.V2 c/o
1V2
150.00
North
District
Bonds
Co
election
_____________
Fire
&
Stranahan, Harris & Co.,
of
bid for less
ad
Pittsburgh, Pa.
Bank,
Township,
town
Bosworth
Premium
pro¬
Department
No
100.683
$20,000 bonds on May 1.
Bonds
amounting to $10,000 fall due on
that date and it is anticipated that
an additional
$10,000 in bonds, not
court
Int..
Rate
Savings Bank,
National
Lemon
V''.
re¬
ap¬
possible future questions of their
authority to do so.
'
v
to
bids for the issue follows:
■■■•
highest
subject to'
authorizing
100.00
recent session of the
»
Gallipolis
First
319.85
1%
■Commercial &
;
A list of the unsuccessful
years.
the
companying
Bond Redemption Authorized—
a
of
1 Vz
Co.__
York &
the
deposit
100.635
the district has
_____________
Cincinnati
Assel, Kreimcr & Co.,
Cincinnati
&
to
bidder
lieved of his obligation under the
contract to purchase the bonds
and in such case the
Mahanoy City, Pa.
outstanding $60,500 bonds of 1937,
the original debt of $82,500 having
been reduced $22,000, or 27%, in 6
Seasongood & Mayer,
■
Warren W.
taxes amounted to only $328 as of
the end of 1943."
In addition to
Harris
__—_________
Masten
well
Otis & Co.
Sutherland & Co.,
Toledo
bonds
Bidder—
Company
•
the
$67,500 maturing as follows:
$5,000 March 1, 1950; $31,500 in
1952, 1953 and 1954; $21,000 in
Inc.
_____
and
re-offered
of
Irving,
Cincinnati
Ryan,
bidders
at
prices to yield from
0.40% to: 1.35%, according to ma¬
turity, and immediately disposed
/.
•
E.
Council it
Rate Premium
.
•Stranahan, Harris & Co.,
Toledo
p.
fol¬
as
int.
•
Bidder—
A.
sold
1 y2
___________
At
bonds
to
basis
& Lynch
Ambridge National Bank,
Ambridge
to
type and character shall be tax¬
able by the terms of
any Federal
income tax law, the succesful bid¬
der may, at his
election, be re¬
Price
Co.___- VW/b-
Moore, Leonard
are
Gallipolis, Ohio
•
of
Rate
&
1951
be accepted,
In the event that
prior to the delivery of the bonds
the income received
by private
holders from bonds of the same
of
Philadelphia.
Schmertz
successful
bid
date
bid
Int.
Phillips,
ity to be approved by Squire, San¬
Dempsey of Cleveland. The
Said bonds will be
number
of
Bidder—
.v
IV2S, at par plus
$4,029, equal .to
as
ders &
certain
the-highest and best bid¬
the
high
made by M. M. Free¬
Co.
from 1945 to 1964 inclusive, Legal¬
der for not less than
par and ac¬
crued interest.
All bids must
state
of Cleve¬
of their approv¬
101.917, a basis of about 1.30%.
Dated May 1, 1944 and due $5,000
March 1 and $5,500 on Sept.
1
city .entitled
3831,"
passed
No.
•Feb. 21^ 1944.
&
man
Second
was
in
than par and accrued
interest or
for less than all of the bonds
will
be secured by
without expense.
Cincinnati,
the Uniform Bond Act and under
a
incl.
$9,000
ceedings by the
Internal Affairs.
may
Co., and Fox, Reusch & Co., both
dinance^ and are issued under
authority of the law of Ohio and
in accordance with
by; Squire,
Dempsey,
copy
of
and expenses of the improvement
of the streets named in said or¬
and
1949
be
proval
Moore, Leonard
Lynch of Pittsburgh, at a price
102.149,
a
basis
of
about
0.978%. Dated A£ril 1, 1944 and
due $5,500 on Jan. 1 from 1945 to
count composed of J. A. White &
city issued, pursuant to Ordinance
No. 2689, passed July 16, 1940, to
pay the city's share of the costs
%
approved
&
will
&
102.109
and
sponsible
Leetsdale, Pa.
/ Bond Sale — The $16,000 parks
the purchaser
and parkways bonds offered for
Enclose a certified check for $220,
sale on April 10—v. 159, p. 1495—
payable to the Village.
-were awarded
to. Singer, Deane &
Scribner, of Pittsburgh, as 114s,
Wauseon School District, Ohio
paying a price of 100.86, a basis of
Bond Sale—The $210,000 voted
about 1.154%. Dated April 1, 1944.
unlimited
tax
school
building Denomination $1,000.
DUe $1,000
bonds offered April 11 — v. 159,
April 1, 1946 to 1961. Other bid¬
p. 1398—were awarded to an ac¬
ders were as follows:
the purchase of $35,766 street
improvement bonds.
been
Sale—The
of
office
1950,
1955.
Bidders
shall
specify a
single rate of interest in a mul¬
tiple of Vs of 1%.
Registerable
as to
principal only.
The bonds
awarded to
were
the
have
to
plan¬
$27,500 1%%
coupon real estate purchase bonds
offered April 12—v. 159, p. 1399—
Village Treasurer.
The
proceedings authorizing this issue
Liverpool, Ohio
bids
the
at
considerable
as
Kittanning School District, Pa.
Bond
Principal and inter¬
payable
taken
ning has yet to be done.
interest trunk
4%
building bonds, but no action
was
(EWT) on April
purchase of $22,000
exceed
Offering—E, Allan McKeever, City Auditor, will receive
for
tion
noon
the
to
est
of
Bond
,
Ohio
Zeis, Vil¬
receive sealed
will
chase of $85,000 not to exceed 2%
interest, coupon city, bonds. Dated
May ly-1944. Denom. $1,000. Due
May 1, as follows: $8,000 in 1946
,
sanitary sewer bonds. Dated April
1, 1944. Denom. $1,000. Due Oct.
1, as follows: $2,000 in 1945 to
1952, and $3,000 in 1953 and 1954.
Rate of interest to be in multiples
bring in approxi¬
mately $725,000 between April 1
and Dec. 31, 1944.
:
;•••'•/ \
r
until
for
not
will
tax
Clerk,
bids
by the 15th of the month will bear
the
Farrell, Pa.
Bond Proposal Approved—Re¬
cently the City approved a pro¬
posal that it issue $50,000 recrea¬
»nar¬
Bond Offering—W. L.
paid. Collections are turned over
to the city auditor once a.
month,
and taxes due but not turned
further
was-
.29%.
Port Clinton,
utility bill, including water bills
issued by the city, and is collected
by the utility company from the
consumers
groups
1607
any
of
the
Board
are
or
will
This
is
sell
of
in
the
of
including Dec. 1, 1955. The
are
issued for the
refunding
purpose
like
principal
amount of the
outstanding elec¬
tric system revenue
bonds, Series
A, and will be payable, together
with
the
Series
A
revenue
Dec.
for
1,
the
be
invested.
like
to
give
the
electric
authority
eliminating any
may be
calculated
bonds,
dis¬
securities
funds
Commissioners blanket
to
or
bonds
a
unrefunded
portion
of
$120,000 electric system
refunding bonds, dated
1942, heretofore issued
of
purpose
principal
refunding
amount
system
revenue
of
a
said
bonds,
Series A, and such obligations as
issued
on
a
parity under
COMMERCIAL & FINANCIAL
THE
1608
This
provisions of the resolutions
authorizing said bonds, from the
net revenues to be derived from
the
operation of the
distribution system.
City's electric
The City will
the approving opinion of
Chapman & Cutler of Chicago,
and all bids must be so condi¬
tioned.
No bids will, be accepted
and accrued in¬
1944. The bonds
be refunded with the proceeds
the above described bonds have
for less than par
...
redemption on
June 1, 1944, and the successful
bidder must be prepared to ac¬
cept delivery of the refunding
bonds on or prior to that date. It
is anticipated that the bonds will
called
been
.
place
Bond
for the
about
20, 1944.
Delivery at any
other than the City will be
of the pur¬
chaser.
Enclose a certified 'check
for 2%
of the amount of the
bonds, payable to the City Treas¬
made at the expense
urer.
Lenoir City,
Tenn.
elec¬
Series A
bonds offered for sale on April
10—-v. 159, p. 1495—were awarded
to a syndicate composed of the
Equitable Securities Corp., John
Nuveen & Co., of Chicago, David¬
son & Co., of Knoxville, Cumber¬
land Securities Corp., of Nash¬
ville, Barcus, Kindred & Co., of
Chicago, Nashville Securities Co.,
of Nashville, James F. Smith &
Sale—The $172,000
Bond
revenue,
system
tric
Co., of Knoxville, J. C. Bradford
& Co., Jack M. Bass & Co., both
of Nashville, C. H. Little & Co., of
& Co., of
price of 101.basis of about 2.117%, as
Clark
and
Jackson,
Nashville, paying a
314, a
follows:
■
$102,000
refunding bonds.
2Vz%
1, as follows: $16,000 in 1945 and 1946, $17,000
in 1947 and 1948, and $18,000
Due
<
June
refunding
2V4%
Series
1943.
000
in
bonds.
and $14,000 in 1954.
1, 1943. Denom. $1,000. The next highest bidder was:
Dated Dec.
and
101.net interest cost of 2.147%,
Stranahan, Harris & Co., Inc.,
Ryan, Sutherland & Co., at
143, a
Bond
Livingston, Tenn.
Gall — L. P. Jernigan,
$10,000
14 to
18, 23, 24, 29, 30, 35, 36, 41, 42, 48,
Clerk, reports that
Town
■4%
bonds
refunding
Nos.
49, 53, 54, and 61 to 63, are called
for payment on June 1, 1944 at
and accrued interest to date
called, at the Union Bank & Trust
par
Livingston,
Co.,
payee - agent
The bonds
named in said bonds.
should
have
June
1,
1944,
and
subsequent coupons attached. In¬
terest ceases on date called. Dated
June 1,
Bond
1940.
Denom. $500.
McMinnville, Tenn.
Call
Elizah Woosley,
—
City Recorder, reports that 2%.%
and 3% electric system revenue
series A bonds Nos. 58 to 450, are
June 1,
1944.
Dated June 1, 1939. De¬
nom.
$1,000.
Due June 1,1945
to 1959.
Funds for payment of
Said bonds and payment of the
required
redemption .premiums
called
for
payment
on
Due June
Mercedes, Texas
H. E. Hager,
advises that the
only bid received in connection
with the call for tenders recently
of refunding bonds, dated May 1,
redemption in inverse numerical
order on June 1, 1945, and on any 1941, was rejected.
interest payment date thereafter
Texas (State of)
at par and accrued interest and
Warrants Called—State Treas¬
premiums .of $25.00 per bond to urer Jesse James calls for pay¬
and including June 1, 1948; $20.00 ment at face value, State of Texas
per
bond thereafter to and in¬ General Revenue Warrants to and
cluding June 1, 1950; $10.00 per including
No, 552,629
(1943-44
bond thereafter to and including Series), which includes all war¬
June 1, 1954; and $5.00 per bond rants issued prior to and includ¬
thereafter to and including Dec. ing Oct. 31, 1943.
This call is for
1, 1956.
The bonds are to bear $2,578,878.95.
7
;
interest at the lowest rate or rates
General
Revenue
Warrants
for which any bidder offers to pay dated prior to Sept. 1, 1941, are
not less than par and accrued in¬ now void because of the
State
terest to June 1, 1944.
Said bonds statute of two years' limitation.
are issued for the purpose of re¬
Possessors
of
these
warrants
funding a like principal amount should make arrangements with
of
outstanding
electric system the State Representative of their
revenue bonds, Series A, and will
district to have them presented
be payable, together with the un- to the General Claims Committee
refunded bonds of Series A and for special appropriation at the
such other obligations as may be next session of the State Legisla¬
issued on a parity under the pro¬ ture.
Out-of-State
holders
of
visions of the resolutions author¬ such warrants are requested to
izing said bonds, from the net notify the State Treasurer's office.
revenues to
be derived from the
Other
than General
Revenue
1, as follows: $18,1951, $19,000 in 1952
and 1953,
Denom. $1,000.
redeemable
as
Bid
Rejected
,
,
the
no
Directors,
that
reports
definite action has been taken
issue will
be sold at one
time.
on
both
obligations in
1936, under an* Order in
defaulted
Alberta
Tacoma,
Sale
Bond
—
and
Wash.
The
sterling and dollar
$2,000,000
;
acceptable plan.*
work out an
June,
subsequently has
sustained in
v.
159, p. 1296—were awarded to both Canadian and London court
a syndicate composed of Blyth &
actions.
Since
that
time the
Co., Phelps, Fenn & Co., both of Province has offered to pay only
New York; Dean Witter & Co., one-half the contractual rate on
of San Francisco, Harris, Hall & its
obligations.
Many holders
Co.. of Chicago; Estabrook & Co., have refused to accept this ar¬
of New York; Milwaukee Co., of
rangement with the result that
Milwaukee/Paul H. Davis & Co., approximately $6,500,000 of un¬
of Chicago; Weeden & Co., of San claimed interest is said to be on
Francisco, and Newton Abbe & deposit in provincial banks.
Co., of Boston, at a price of 100.02,
series B light
of
bonds
a
interest
net
1.594%,
as
maturing
Jan.
and
Jan.
and
power revenue
offered April 12—
1943
of
cost
which
Council
successfully
been
about
$10,000 July 1, 1945,
July 1, 1946; $10,000,
$45,000 July 1, 1947;
''
ONTARIO
.
follows: For $355,000,
'7
Scarborough Township, Ont.
Kessack,
calls for
payment on June 15, 1944, certain
debentures
dated Jan. 1,
1940,
maturing in 1973 and 1974. Upon
presentation and surrender of
said • debentures at the Canadian
Call—James
Bond
$45,000 Jan. and July 1, 1948 to
1950, as 4s; $660,000, maturing
$45,000 Jan. and $50,000 July 1,
1951; $50,000 Jan. and $50,000 July
O.
Treasurer,
Township
$50,000 Jan. and $55,000
Bank of Commerce, Toronto, pay¬
1953; $55,000 Jan. and
ment will be made of the prin¬
July 1,
1954; $55,000 Jan. and
cipal
amount
thereof - together
distribution system.
The bonds
$65,000 July 1, 1955; $65,000 Jan.
with accrued interest to June 15,
to be refunded with the proceeds be presented immediately for pay¬
and July
1, 1956, as l%s, and
1944.
Any
debenture
holders
of
the
above
described bonds ment.
Prompt presentation for $985,000
maturing $65,000 Jan.
wishing to obtain payment of
have been called for redemption payment of these warrants will
and July 1, 1957 to 1963, and $75,their bonds prior to date called,
op June 1, 1944, and the success¬ be
greatly appreciated by the 000 Jan. 1, 1964, as IVzS. •
may
do so on presenting said
ful bidder must be prepared to State Treasurer's office.
The city may, at its option, call
bonds at the above bank, where
accept delivery of the refunding
all or any part of the outstanding
payment*, will be made for the
bonds on or prior to that date.
UNITED STATES
bonds for redemption on Jan. 1,
bonds, plus accrued,, interest. In¬
It is anticipated that the bonds
United States
1955, or any interest paying date terest ceases on date called.
will be ready for delivery on or
thereafter, upon 60 days' advance
Municipalities Share Utility
about April 30, 1944.
The City
notice,...
/'7...■'7-7
QUEBEC
will supply the approving opinion Profits With Citizens—Municipal¬
Second high bid of 100.0087 for
of Chapman & Cutler, of Chicago, ly-owned
Port Alfred, Que.
utilities have had a
non-callable
bonds,
including
and all bids must be so condi¬ profitable year, if experience of
Other Bidders — The following
tioned.
No bid will be accepted several communities which own $265,000 4s, $285,000 l%s and $1,- list of bidders was submitted by
their own water and electric util¬ 450,000 lVzs, a net cost of about
for less than par and accrued in¬
E. Eugene Simard, City Secretaryterest to June 1, 1944.
Enclose a ities are any gauge, the Inter¬ 1.625%, was made by a syndicate Treasurer, in connection with the
national City Managers Associa¬ headed by John Nuveen & Co.,
certified
check
for 2%
of the
sale of the $84,500 school bonds
which included, among others, the
,7
bonds, payable to the City Treas¬ tion reports.
to J. F. Simard & Co., of Ottawa,
Illinois Co. of Chicago, Lee Higurer.
The
following reports to the
as 3%s, a price of 99.26, a basis
ginson Corp., C. F. Childs & Co.,
Association show that:
of about 3.61%:
TEXAS
Blair, Bonner & Co., Kebbon,
Bidder— *7 /71::Int. Rate
Price
The
Elizabeth,
N.
J., Water McCormick & Co., First Cleve¬
Agricultural and Mechanical Col¬ Board will divide an operating land Corp. and Ryan, Sutherland Banque Canadienne Na¬
tional, Montreal
3Vtf,'o
99.11
lege of Texas (P. O. College
surplus of between $400,000 and & Co.
of
operation
the
electric
City's
1, 1952;
July 1,
State warrants are
cashable when issued and should
warrants, all
\;,Il7,v7/i
—
Station), Texas
Trice
steam
tory
Paid
—
The
$1,000,000
plant,, laundry and dormi¬
refunding
revenue
sold to Dewar,
bonds
Robertson & Pan-
coast, of San Antonio, as reported
in v. 159, p. 1399—were sold at
par.
•
7=
77-
v-\7";
ter
of 1944.
*District No.
Denied
consumption
funded
10%
to
electricity
of their
of water.
Mich., recently re¬
consumers
net annual bill for
Rural High School the fiscal year ending last Sep¬
tember.
The city took this step
1 (P. O. Bandera),
rather than further reduce the low
Texas
Legal
Status
WISCONSIN
The large surplus is
7 Wyandotte,
tant
Attorney
G.
L.
Beaubien & Co
Bonds Voted—Mary
lage
reports
Clerk,
Peake, Vil¬
at the
the $30,000
municipal hospital revenue bonds
were voted.
No date of sale has
been fixed as
yet.
17 Bond
tion
Sale Details—In connec¬
the $1,328,-
with the sale of
bonds
000
to
L.
the bonds
a
as
(Province
of)
London Creditors Demand
-
Debt
C.
Manning,
Alberta's new
Premier, has received a strongly
worded statement from the Bond
and
Protective
Great
Britain
Stockholders.
Committee
were
sold at 98.-
net interest cost
of 3.6608,
follows:
$167,000 3% refunding bonds. Due
May 1, as follows: $5,000 in
1945 and 1946, $51,000 in 1947,
—-r
1948,
in
$52,000
and $54,000
in 1949.
Settlement—
E.
Beaubien &
of which
1400, the
City Secretary-Treasurer reports
375,
ALBERTA
G.
Co., of Montreal, report
appeared in v. 159, p.
that
—
Alberta
98.8S
77
Sorel, Que.
that
election held recently
99.10
99.03
ZVz-■;
Corporation de Prets, Que.
Frederic, Wis.
attributed mainly to increased in¬
dustrial
3 V*
3Va
Oscar Dube& Co
$500,000 among consumers through
rebates on bills for the first quar¬
Bandera County
authorized at an election.
the
cept
send
,
1958.
Ripley, Tenn.
by
repeal
Provincial
for
urging that the province arrange
without further delay for adjust¬
ment of the default on its sterling
obligations.
The committee, ac¬
cording to London press advices,
proposed that the. terms of set¬
tlement provide for extension of
maturities by ten years/ with all
Action of the communities, along
Assis¬
issues to bear 4% interest annual¬
General Gaynor with others cancelling or rebating
ly from June 1 next to the ex¬
Bond Call — Town Recorder Kenddll, who- prepared the opin¬ utility bills in recent months, is
tended maturity date.
the result in part of a greatly in¬
Kathryn Evans annpunces that ion denying legal status to the
It is further proposed that in¬
creased use of utilities—with con¬
3V2%, Water System Revenue, district, held that the effect of the
terest in arrears from the date of
Series A, Bonds
Nos. A-10 to validating act is limited to dis¬ sequent increase in revenues—
default to June 1 be paid half in
while
expenditures for mainte¬
A-7S, A-78 to A-105, A-107, and tricts formed or in the process of
nance
remained fairly stable, or cash and half in the form of a
A-108, are called for payment on being formed before the bill was
new
non-interest-bearing
stock
even declined.
passed by the legislature,
July 1.
and
requests
also
committee
The
recommendations, the
Government
should
representatives to London to
by the Board as yet and it is still
undecided
whether
the
whole meet with the Committee' and
of
Board
—
Secretary,
City
State rates already in effect.
Attorney General Grover Sellers
Ames, la., cancelled all Janu¬
ruled on April 7 that the above ary, 1944, electric and water bills,
and interest thereon due June 1, district was organized too late to
totaling more than $35,000, be¬
1944, will be available at the come under a general validating cause of a large cash reserve in
Chemical Bank & Trust Co., New act passed at the 1943 session of its
utility fund.
York City, and the City Bank & the State Legislature.
The Attor¬
The city-owned Kirkwood, Mo.,
Trust Co., McMinnville. Interest ney General issued the ruling in
light department will rebate the
ceases on date
called.
disapproving the issue of $10,000 entire amount of the December
4%
building
equipment
bonds electric bill of $21,000 to more
Pulaski, Tenn.
authorized at an election in Au¬
than 4,100 consumers.
Bond Call—Evelyn T. Rainey,
City
Recorder,
announces
that gust last year. The statute became
Three
Southern
cities
which
effective 90 days after" the legis¬
series
A
2%%
electric system
bought Tennessee Valley Author¬
lature adjourned and the district
revenue
bonds, Nos. 101 to 110,
ity power last year paid consumer
was created, without an election,
both incl., will be redeemed at
dividends in lieu of reducing rates.
in the interim
between passage
par plus a premium of 4%, on
The cities were: Athens, Ala-., and
of the bill and its effective date.
June 1, 1944, at the Union Bank,
Tupelo and Columbus, Miss. The
Under general laws of the State,
Pulaski.
The
bonds -are
dated
refunds
totaled
$10,003, $42,249
districts of more than 100 square
June
1, 1939 and due June 1,
and $41,564 respectively.
miles cannot be established unless
1957
40
through
at, par
annual sinking fund pay¬
ments or by issuance of a new 4%
stock repayable over 40 years by
drawings.
,7
equal
Alberta of im¬
proper
legislation, the use of
present sinking fund assets for
proportionate redemptions before
Spokane County Sch. Dist. No. 81 June 1 of issues in default and
the
sidered. 7:77'' -7 ■'' 7
granting of an additional
77. ■7:V'7;7-%7.'--'
(P. O. Spokane), Wash.
principal amount
Grand Prairie, Texas
Bond Issue Report—In connec¬ proportionate
of bonds under the plan to out¬
Bonds Sold—An issue of $34,- tion with the report in v. *1^9,
000 water works refunding bonds p. 1400, that the District would standing issues bearing a coupon
has been purchased by Crummer place on the market in the near higher than 4%.
The statement requests that in
future
an
issue
of •: $3,400,000
6 Co. of Dallas. *
bonds, D. B. Triplett, Secretary the event Alberta refuses to ac¬
follows: $7,000 in 1945 to
1947, $8,000 in 1948 to 1951, $9,000
in 1952 to 1955, $10,000 in
1956,
and $9,000 in 1957.
Optional for
1,
Due June
>
system
revenue
refunding,
A bonds.
Dated Dec. 1,
tric
1949 and 1950.
in
'70,000
Offering—Clifford Ragle,
will receive sealed
a. m. on April 20
purchase of $108,000 elec¬
City Recorder,
bids until 11
for delivery on or
be ready
April
for
,
Rockwood, Tenn.
terest to June 1,
of
largely, the
1, 1939.
tion
supply
to
due
is
latter
Gorman, Texas
Denomina¬
Tenders Wanted—J. E. Walker, Association said, to the inability
$1,000. Due July 1, 1945 to
of the utilities to obtain material
Jr., City Secretary, reports that
1958.
'
> : -7 7.'
■
and equipment to extend utility
Funds
for
payment of
said the City will receive sealed ten¬ services to additional areas and to
ders until 2 p. m. on April 26 of
bonds and
payment of the re¬
refunding bonds, dated Nov. 1, deferred maintenance policies
quired redemption premiums and
1938.
Funds in the amount of brought on by wartime restric¬
interest thereon due July 1, 1944,
approximately $5,000 are avail¬ tions. !;7'' 7
will be available at the Chemical
able for the purchase of bonds,
Bank
& Trust Co., New York
W
and only tenders of less than par
City.
■
' ,7 :":\'7
and accrued interest will be con¬
Dated Jan.
the
Monday/ April 17, 1944
CHRONICLE
refunding
3V4%
363,000
bonds.
$56,1951,
$59,000 in 1952, $61,000 in
1953, $64,000 in 1954, and
May 1, as follows:
000 in 1950, $57,000 in
Due
in 1955.
$66,000
3 V2 %
449,000
000
,
refunding
bonds.
$68,1957,
$76,000 in
1960, and
May 1, as follows:
Due
in
1956, $71,000 in
in 1958,
$79,000 in
$82,000 in 1961.
$73,000
1959,
refunding bonds.
$84,1963
$90,000 in 1964, and $86,000,
349,000
33/4%
1, as follows:
1962, $87,000 in
Due May
000
in
in 1965.
Dated May
tions
1, 1944. Denomina'
$1,000 and $500.
@FedFRASER