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App 19
1943
MONDAY
ommetciaL an
Reg.
Volume
157
New
Number 4169
Office
Pat.
Price 60 Cents
York, N. Y., Monday, April 19, 1943
CITY
AND
STATE
S.
U.
d
a
Copy
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
contemplated by the Legis-I the
sense
In This Issue
ers
*
Jefferson
Bridge
County
District
i
(P. O. Pine Bluff), Ark.
Revenue Collections Enjoined—
Corporation News
State and
Chancellor
Harry Woolbridge on
April 7 issued an injunction tem¬
porarily enjoining and restrain¬
ing the Jefferson County, Ark.,'
Bridge District from collection of
City News
further
QUOTATIONS
the
to
filed
was
district.
March
20
by
simi¬
T.
Exchange
Curb
York
due
sums
suit
Exchange
New York Stock
New
The
Free
Bridge District, who
are
seeking to remove from the tax
books delinquent taxes on lands
S.
DeWoody
larly situated
Out-of-Town Listed Markets
those
and
taxpayers of the
as
in the districts.
The suit is
Unlisted Securities
in
the
delinquencies and clear
title of lands against which de¬
linquent taxes are outstanding, or
Miscellaneous
in that status at the time of
were
transfer.
(See Index Below)
ARKANSAS
Arkansas
Tenders
tion
cery
(State of)
Accepted—In
the
with
ized
connec¬
for tenders on
call
of
State of /Arkansas
general obliga¬
tions of the United States, Super¬
April
10
bonds
and
direct
State
Refunding
Depart¬
advises us
that the State Investment Board
visor
A.
F,
ment
Storeyur
purchased $2,500,000 United States
Treasury certificates of indebted¬
1944, at
of
Arkansas
interest "bearing
gen¬
eral
obligation bonds were rejected.
State Invests in Government
maturing April
ness,
•'
1
"
\
Obligations
1,
of
tenders
All
.875%.
State
The State Invest¬
recently put the sum
—
ment Board
$2,500,000, which was available
for the purchase of direct obliga-
'of
'
the
of
tions
certificates
will
of
Govern¬
indebtedness
% of 1%
yield
that
interest The
acted under authority of a
board
1943
and
United States Treasury
in
ment,
State
law which
appropriated $5,-
000.000 from the State Treasury
balances for investment purposes.
t
The
board
ever,
was
to ' invest
prepared,
only
half
how¬
that
amount.
:Tenders totaling $8,327,000 were
offered, which included $8,000,000
in
direct
United
States
Treasury
obligations and $327,000 in State
highway
refunding
"cushion"
funds.
The certificates accepted
by the board will mature April
1, 1944.
Total
board
' '
investment
vv'/.-'.O
made
by the
in Government bonds
$5,565,000.
The transaction of
April 10 marked the first tender
called by the board since 1941,
when $3,000,000 was invested in
State
highway refunding bonds
then held by the Reconstruction
Finance Corporation.
V
Cache River Drainage Dist. No. 2,
Ark.
Supreme
Court Denies Fore¬
Reversal—The State Su¬
closure
tclXGS
'
his
that
contended
Miller
in Township 17, were not
boundaries of the
included in the
drainage district as organized by
the Greene County Court in 1919.
Hence, there was no authority to
the property, he said.
Mr.
Miller had obtained a State dona¬
tax
in 1936.
tion deed to the lands
Mr. Grooms secured
of
was
that the liens
that
contended.,
were
title
while
District
donation deeds.
merely suspended
in the
were
and
State
not destroyed.
Messrs. Grooms and Miller also
that. adverse
claimed
for
seven
trict
possession
prevented the dis¬
asserting its right to
years
from
foreclose.
the
under
Diserict
The
boro.
fied
the
*
pay*
Reorganizatioii
national
bankruptcy
completed
was
States
in
defaulted
bonds.5.
of
ment
act
,
district
The
in;
United
at
Federal
Court
delinquent
County
Broward
to
for
relief.
days provided by
the act, apply to Chancery Court
tribunal
and J. F. Grooms in their efforts
possession by. Messrs. Miller, and
Grooms
The
court
was
in
also
refused
contentions
of
Government
sumers,
and
be collected
Navy and
ments
about
therefore
on
on
at¬
could
depart¬
bought
100,000,000 gallons of gaso¬
year
O*
(P.
The Department
Yellville),
conceded
to
approve
voters
the purchase
water plant system.
a
ILLINOIS
Artesia
Twp. (P. O. Buckley), III.
Proposed
tions
for
of Justice law¬
election this
bonds.
Spring on the
$110,000 road imp't
of
•
Chicago, III.
;
levied by a separate law, is a tax
Firemen's
against
dealers
and
must
be
paid on Federal purchases. They
Bonds—The
Fund
sion
Election—Peti¬
Bond
said to be in circulation
are
an
cent of the tax,
one
election the
recent
a
issuance
line in the State.
yers
At
not
Federal
last
,
Water Plant Purchase Defeated
con-;
sales to the Army,
other
which
.
date
on
■"
collecting the tax on
Federal purchases.
Judge
Walker
ruled
against
of
ceased
called.
M. Lee from
torneys that the levy is
Horton,
Pension
[
Fund
argued,
Sells
City Firemen's Pen¬
offered
sold
and
on
however,
as
a
of the tax, not its character
levy against dealers.
Due Sept.
tional in
Cook
County Port Authority
Polk
j
County Spec. Tax Sch. Dists.
1, 1955, op¬
1943.
Co., 4%, J. & J._- 250,000
1, 1951, op¬
Due Jan.
(P. O. Bartow), Fla.
tional in
1946.
Due Jan.
tional in
at
a
Bond
Nuveen
Co.
&
price of 102.00,
a
of
Chicago;
net interest
3j/2%
000
in
1956
and
$138,000
in
1957.
2,600,000
4% refunding bonds.
Due Dec. 15, as follows: $154,000 in 1958, $161,000 in 1959,
$168,000 in 1960, $176,000 in
1961, $183,000 in 1962, $191,000 in 1963, $198,000 in 1964,
$206,000 in 1965, $215,000 in
1966, $224,000 in 1967; $232,000 in 1968, $241,000 in 1969
and
$251,000 in 1970.
Interest
15, 1942.
the
at
&
American
as
to
of
National
Chicago.
—
are
$51,000 District No. 7 bonds. Due
June 1, as follows: $4,000 in
1946, $2,000 in 1947, $3,000 in
1948, $7,000 in 1949, $5,000 in
1950 and 1951, $6,000 in 1952,
$7,000 in 1953, $8,000 in 1954,
and $4,000 in 1955.
58,000 District No. 2 bonds. Due
June 1, as follows: $1,000 in
1944, $2,000 in 1945 to 1949,
$1,000 in 1950, $7,000 in 1951,
$11,000 in
1952,. $13,000 in
/, 1953, $10,000 in 1954, and $5,000
in
1955.
INDEX
v
New York Stock
Exchange
Exchange
Other Stock Exchanges
York
New
Curb
.
1451
Markets—Listed
Canadian
and
1449
Unlisted
State
and
City Department:
Proposals and Negotiations. .1409
General Corp. and Investment News. 1417
Dividends Declared and Payable..1413
Bond
Redemption Calls and Sinking Fund
Notices
,1413
The
Course of
Foreign
Federal
Member
Bank
Exchange
Combined
Clearings
Rates
Statement
Condition
Reserve
Banks
1416
State¬
|-•1410
Capital Flotations for March......1455
Broadway to
Regis-
principal.
44 WALL
STREET, NEW YORK
Florida (State of)
Agencies Held Subject
Tax—A ruling was
down recently by Judge
Federal
State
the
dis¬
to
said
that
handed
W.
May -Walker of Leon County
Court- to -the effect that
not adverse* irr the Circuit
New
Gas
telephone number
II Anover 2-1200
April 19,1943.
.1452
.-.1416
of
Banks
Condition
ment
Announce the removal of their offices
from 120
Pa<re
1425
..1441
1446
Securities
Unlisted
LAZAHD FI1ERES & CO.
Bank
50,000
1, 1955, op¬
1946.
Quotations:
payable J-D. Dated Dec.
Payable
Co.
$109,000,
.
Denom. $1,000.
Trust
terable
aggregating
of
Education,
31/2%, J. & J.
Walker, Auditor
refunding
bonds.
Due Dec. 15, as follows: $46,000 in 1944, $48,000 in 1945,
$49,000 in
1946, $51,000 in
1947, $53,000 in 1948, $55,000
in 1949 and $57,000 in 1950. ;
804,000 3%% refunding bonds.
Due Dec. 15, as follows: $99,000 in 1951, $103,000 in 1952,
$107,000 in 1953, $110,000 in
1954, $115,000 in 1955, $132,-
Board
be offered for sale in the near
future:
$359,000
is
Expected—It
Instruction,
following
refunding
the
bonds,
to
cost of about 3.84%:
Offering
also
to have reversed a Greene Chan¬
trict.
were
Bridge
(Interest
ment.
that
pointed out that the lower court
expressly found
that
lands
in
17
Department of Justice
sought to restrain Comptroller J.
John
sub¬
20
The
The court dismissed the suit by
of the Board of Public
County
when the landowners did
within
the
in
stated by Ray H.
special session of the
comply with the law's
requirements passed from consid¬
not,
introduced
S.
Called—E.
Mayor-Commissioner,
announces
that all outstanding series A and
B refunding bonds of 1933, dated
April 1, 1933, were called for pay¬
ment on April
1, 1943.
Funds
were available on April 1 and in
the hands of the duly authorized
paying agent, the Central Han¬
over
Bank
&
Trust
Co., New
York City, on that date, and funds
remain in the hands of the paying
It is recommended that
agent.
the bonds be immediately pre¬
sented for redemption and pay¬
following semi-*
aggregating $3,763,000,
offered for sale on April 10—V;
157, p."; 1321—were awarded to
stantially
eration
be
which the
bonds
ann.
Legislature cured irregularities in
descriptions of lands in Township
and commissioners to
would
Bond Sale—The
The Supreme Court said an act
Court
bills
Legislature; to provide
specific
exemption from the tax for Fed¬
eral agencies.
Governor Spessard L. Holland
has recommended the exemption
of Federal purchases in lots of
5,000 gallons or more.
y-:'.;. ;];
purpose
Free
(P. O. Fort Lauderdale), Fla.
ler resulted.
17 and that failure of the
the
FLORIDA
County, and proceedings
against Mr. Grooms and Mr. Mil¬
1920
partment, which receives the larg¬
est share of the gasoline tax, said
Winter Haven, Fla.
Bonds
that
a
1937 April 12, various city, district and
Bond Election—The issuance of amendment to the original gaso¬
county bonds aggregating $1,296,$40,000 court house construction line tax act made the general tax 000, as follows:
bonds will be submitted to the of six cents a consumer^' levy,
f
To the Harris Trust & Savings
voters
at an
election scheduled
Judge Walker said
the
1937
Bank, Chicago:
for May 8.
'
amendment merely changed
the
Park Dist., 4%, M. & S_$ 11,000
Greene
of the
due
cies when they buy in that State;
Officials of the State Road De¬
was
Ark.
certi¬
lands
interest
Pine Bluff. .*
Marion
Jones-
Court
gasoline tax of seven
gallon levied against deal¬
must be paid by Federal agen-!
a
name
18 the
year. Both men argued that
prior drainage district taxes
were wiped out when their prop¬
erty had been
forfeited to the
State for non-payment of taxes by
the former owners—before they
commissioners
all
The district
constructing
near
all
such taxes
stopped
was
organized in 1911 for the
same
obtained
and
the bondholders.
donation
a
deed to lands in Township
T^wnshi^
indebtedness
<
Court
ruled
recently
against petitioners S. M. Miller
preme
"
against their lands for
close liens
now
is
'
Court decree which author-;
above district to fore-j
lands,
Taxation
in 1938 when the general assembly
of the State assumed the bonded
the
Mr.
friendly one, filed
a
effort to clear the tax books
an
of
State
1 cents
lature.
Dist., 4%, M. & S. 160,000
Park
Due Sept.
1946.
tional in
Co., Chi¬
Sanitary Dist., 4%, J. &
j.
Due Jan.
1, 1955, op¬
,
1955
t
Sanitary Dist,, 4Vi%, J. &
J.
J-D.
.
58,000
50,000
>
40,000
J.
Jan.
1, 1955, op¬
1945.
in
tional
tional in 1945.
20,000
4%, M. & S.
Park Dist.,
-'/•/••
.
City's
;
>
First
the
Fi-
of
Director
—
National Bank,;
Government
jointly:
$3,000
that
S.
bills which
•.
Dist., 4V2%, M. &
13,000
1955, op¬
tional March 1, 1947.
Sanitary Dist., 4%, J. &
J.
50,000
.
1,
in
tional
1955,
fund
S/
U.
one-
interest
bearing
notes
year
at
1%, and $700,000 worth
90-day Treasury
bills were
of
bought out of current tax revenue
cor
a yield
of .375 of 1 %," Mr.
Lindsay
explained.
He added
that if banked, the funds would
interest.
no
earn
Rockcastle
op¬
1947.
;
1947.
50,000
_
op¬
Norfolk
of Bos¬
* '
>
Invited—
cago:
72,000
1, 1955,
tional Jan.
1,
Bonds
bonds.
op¬
lowest
holders
so
dollar
cepted.
___
Jan.
T wp.
O.
Crescent
City), III.
Bonds Sold
Township Clerk
Harold P. Wall states that $43,000 road improvement bonds ap¬
proved by the voters on April 6,
will
price
Fota and Long Point
trict
(P.
setts sold
sues
be ac¬
7'7:/y' ;
have been sold.
held
tion
the
Defeated—At
Bonds
April
on
6, the
the proposal to issue
airport
site
purchase
bonds by a wide margin.
rejected
$180,000
,
at an election on
Twp.
(P. O.
Waldron),
Ind.
Sale
Bond
—
bonds
The
following
$5,000 school township bonds. Due
$500 from Jan. 1, 1945 to 1954
incl.
10,000 civil township bonds.
Due
$625 from July 1, 1944 to 1959
incl.
reported that the $250,000 refund¬
ing bonds sold jointly to Barrow,
Leary & Co. of Shreveport, and
Scharff & Jones of New Orleans,
noted
Warrant
dated Feb.
been
in February,
15, 1943, and have
approved
as
to
legality by
Trauernicht
&
of
Louis.
St.
*
y
MARYLAND
Offering—Sealed
received
until
bids
10
Bond
&
of
payment
1943.
Said
terest
are
warrants and
payable
out
the
of
in¬
taxes
Massachu¬
of
from
on
To
Hall,
?
/
41/2%, J. & J.
30,000
Due Jan. 2, 1953.
//■'•/
Harriman Ripley &:CoM Inc.,
Aug. 1, 1950.
/"'/ •'
Spencer Trask & .Co., of New
San
Diego,
1, 1950.
Water,
5%
______________
discount
Second
Due
best
on
bid
Nov.
4
April 1, as fol$16,000 in 1948,
and $10,000 in 1949.
-
was
an
19,
1943.
offer
of
(y
*
pur¬
delivered
the
to
Co., .within ten days
of
tender.
Twps. Frac. Sch. Dist. No. 10,
tenders
ing
C.
that the follow¬
us
and
received
were
accepted by the School Board: !
Braun, Bosworth & Co., certifi¬
cates Nos.
14, 15 and 16 to the
of
amount
$1,285, at 97.00.
Bennett/ Smith
Crouse,
No.
Certificate
of
1
the
to
$445, at 98.64. '
& Co.,
amount
y.
MINNESOTA
Minnesota
of
Bill
named
j
account,
rate of
on
M.
Secretary
District
ness,
Beach advises
Mer¬
Bonds
both
tenders
call for
the
April 5, of certificates of indebted¬
Bank
*the
connec^
Accepted—In
with
tion
0.51%.
(State of)
For
Callable
Providing
Opposedl—The attention of
securities of. munici¬
dealers, in
palities
on
Notes Sold—A $200,000 issue ol
•
bid was -an
a
is focused
the
Minnesota
in
bill being considered by
■
•
:
Diego, Barrett Dam,
5%; J. & J.
Due July 1, 1949.
/ '
5,000
Legislature,
"Journal of Commerce"
Dealers are definitely
opposed to inclusion of any man¬
datory call features in the law,
and the municipal group of the
Investment Bankers Association
/
notes
.
April 9.
awarded to
the Merchants National Bank of of America has gone on record as
Boston, at 0.415% discount. Dated opposed to the bill in its present
April 20, 1943, and due Dec. 15, form/
•••
/"•-'' *
offered April 15 were
■.
Trust
;
// C
rate
a
of 0.46%.
//
Worcester, Mass.
*
-
duced
/
offered
notes
1
sale
for
/
act
on
13,
and Nov.
est
bid
were
awarded
11, 1943.
was
an
The next high¬
of 0.376%
7 Note
/
,
following:':
of
the
State
any
tificates of
indebtedness or other
instruments hereafter
issued, shall
payable at the option of the
authority issuing same on or be¬
fore the maturity date fixed by
such
evidence of indebtedness."
be
discount,: tendered by the Second
Worcester County
indebtedness
governmental subdivision
thereof evidenced by bonds, cer¬
or
offer
National. Bank of Boston.
provides for the.
"All
to the
Worcester
County Trust Co. at
0,37% discount.
Due on Oct. 15
April
in
intro¬
the House by the Ap¬
in question was
propriations Committee, of which
Claude Allen, of St. Paul, is Chair¬
man.
Section 1 of this proposed
Sale—The $800,000 reve-'
7 Note
nue
The bill
bidder,
high
second
Co.,
named
County
Worcester
The
1943.
'
(P. O.
Worcester), Mass.
Financing—The Worcester
On
objection of the Investment
Association and on the
Bankers
County Trust Co. and the Second
National Bank of Boston, in joint
opposition expressed by officials
of the Cities of Minneapolis and
account, were awarded the $247,-'
500 notes offered April 15, bid¬
the
ding
plus
discount
a
a
sisted
hospital
$12,500
April
rate
of
0.40%,
notes
Merchants
should be changed to have bonds
and
notes, all marketability for all bonds.
"The Committee's final feeling
1943 and due
The National when we left was that the bill
maintenance
hospital
April 15,
14,
1944.
Paul, -the bill was referred to
Appropriations Committee for
hearing on April 5. At this hear¬
St.
ing, Minnesota dealers appeared
to testify that enactment of the
bill would virtually destroy the
premium of $8. Sale con¬
of
$235,000
tuberculosis
fund
Shawmut Bank and the
optional either for five or ten
ond high bidders, naming a rate years and then callable at some
premium." The "Journal" quotes
of 0.42%."
a dealer, who attended the hear¬
National Bank, jointly, were sec¬
MICHIGAN
Lincoln Park School District,
'Diego,
of local govern¬
State,
says
the
Chicago
Mich.
Sutherdin
Tenders Wanted—District Sec¬
,;
Dam, 41/2%, F. & A—" 15,000
Due Feb. 1, 1950.
' retary Raymond E. North will re-^
ceive sealed- tenders of certificates
San Francisco, Memorial •
Hall, 412%, J. & J____ 50,000 of indebtedness, dated Nov. 1/
:
1935; certificates of indebtedness,
Due July 1, 1949.
;
San
the
in
ments/
of
$100,000
Sale—The
issues
security
•// y;,y»:r
•
.
State
;
for inclusion of a
mandatory calL feature in future
offer of
Webster, Mass.
-
dated
.
26,000
lows:
•
0.415%
best
________
Due June
San
of Boston, at
and
Bank,
joint
second
Note
Beat h, Harbor, 7
4%%, J. & D.
25,000
Due June 1, 1950.
Long
Beach, Harbor,
414%, J. & D.
17,500
erick.
tional Bank
the
-'
,
20,000
Due
temporary loan was awarded on
April 13 to the Merchants Na¬
Bank
Boston,, in
7
1, 1949. ' i y*-'.' /•
Long
attached at the
Bank; Fred¬
$50,000
bonds
Avon, Bloomfield and Pon¬
Tenders
0.416%., made by the First Boston
York:
National
Abington, Mass.
Temporary
Loan — A
for
sold.
be
Mich.
the
to
National
National
chants
Second best
Heller, Bruce & Co., of San
Francisco,
William R.
Staats
Co., of Los Angeles, and R. L.
Day
&
Co.,
of New
York.
jointly:- ■• ■/ «\ •:V%-' ^
7/y \.V> •/'
California, Veteran Aid,':y :
414%, F. & A.____;__i/$25,000
/v-'y Due Feb.. 1,' 1951.:
Los
Angeles
Water /y
Works, 4%%, J. & J__ 50,0Q0
Due July 1, 1952.
; J: y;.,r.
Long Beach, Park, 4%, J.
& D.
r./._ 10,000
:
Due June 1,1950.
Long
Beach,
Harbor, y 4 i
414%, F. & A.________ 20,000
presentation
MASSACHUSETTS
tine
will
* and
acceptance
Troy,
yy.'„y;y:,; y
5%/f. % // Corporation.________:C-$38,000
Angeles,
A. & O.
coupons
after
Southbridge, Mass.
:y7v/ Due'Aug. 1, 1950. yy -• y •• i/v'/
-.Fresno, Water
Works, *
//
on
date,
awarded
First
Angeles, Sewer,
City
4%%, F. & A.
May 1.
Dated
May 1, 1923.
Due May 1, .1953.
Redeemable at any time after 20
years
Detroit Trust
was
Shawmut
Chicago, andJWeeden
Due Feb.
Los
(entire issufe) are being called
for
Boston
April. 12 various is¬
F. & A
y
supply bonds in the sum of $60,-
on
purchase of $225,000 not
to
exceed
5%
tax
anticipation
warrants.
Denom. $5,000.
Dated
April 30, 1943.
Due on June 15,
v
Co., of San Francisco,- jointly:
Los
To
000
•
be
shall
chased
/
as
Bank
Lloyd
C.
4%%
water
that
in¬
stated
amount.
certificates
Minnesota
Call—Mayor
states
re¬
the
which provides
a.m.
the
York.y:/y
Due
Culler
be
for
certificates. of
of
and
which
bonds aggregating.:. $498,y revenue notes was awarded on
follows:
,• ;; y7 ■/ y April 9 to the Second National
To F. S: Moseley & Co., of New
Bank
of Boston, at ,,0.40%
dis¬
/ York,.. Harris
Trust & Savings count.71 Due on Nov. 15, 1943.
Frederick, Md.
Citizens
April 19 (today), by
Ralph F. Moore, County Auditor,
for
here early
series
County Treasurer
were
$3.00.
-
now
also
time
rate tenders must be made of each
second best, of¬
fering 0.41%, plus a premium ol
ofvCalifornia registered; mu¬
interest
County (P. O..
Indianapolis), Ind.
(CWT),
Fund
of said bonds with all unmatured
Marion
be
is
will
same
debtedness, Series A and B. Sepa¬
(P. O. Dedham),
—
The
1944.
;
aggregating
dianapolis, according to George
W. Apple, Township Trustee:
will
Levee Dist.
Details—It
Sale
Bond
Charles
$15,000, offered for sale on April 9—
v.
157, p. 1034-—were awarded to
the City Securities Corp. of In¬
building
April 20.
Basin
(P. O. Donaldsonville), La.
are
Liberty
Fourche
La
as
INDIANA
to
purchase
Dec.
1944.
offer by
7,
^250,000
tuberculosis
hospital
maintenance
notes
offered
on
pf
.
elec¬
voters
voters
submitted
(P. O. Aurora), III.
County
bonds
the
gravity
be
the
at
nicipal
issuance of
drainage
$45,000
will
Sealed tenders
ceived
fop, at 0.40 7o discount, plus a pre¬
mium of $7.00.
Due on April 7,
^
_______
Drainage Dis-
Bond Election—The
discount.
(State of )■*?.* cu
Sale—The Teachers-
on
all bonds tendered
1, 1943, and subse¬
interest coupons attached..
Oct.
500,
Crowley), La.
O.
0.42%
15, 1943.
Secondary
flat,
have
quent
Merchants National Bank of Bos-
loan notes offered for sale
Retirement
said
of
tendered at the
.■
—
Kane
ac¬
separate tender must be made
series'.
Price must be
quoted
•>
/
Peabody, Mass. '
Bank, and the Merchants National %' Note Sale—The $500,000 note is¬
Bank, both of Boston, jointly,✓ at sue offered April 14 was awarded
143% discount.
Dated April -13,
to Goldman, .Sachs & Co., of New1943, and due on Nov.: 24, 1943.
York, at 0,485% discount, i Due
Second best bid was an offer of
$300,000 on Nov. 9 and $200,001
9.432 %,
entered
by
Goldman; Nov. " 29,
1943.
The
National
1947.
(P.
be
.
April 13—v. 157, p. 1322—were
,National Shawmut
LOUISIANA
Crescent
Only offers
will
each
to
awarded to the
receive sealed ten¬
| Ky.,
from
the
ders
-
Sale
Note
April .13,
Holyoke, Mass. ••"/• v *■ .•/
$600,000 tem¬
porary
Ky.
County Clerk T. J. Niceley states
that the County Fiscal Court hav¬
Chicago. ing available approximately $21,Sanitary Dist., 4%%, J.
000
for
the
retirement
of 3%
&J.
15,000 Funding bonds of 1980, will un¬
Due Jan. 1, 1955, op¬
til April 20, at 1 p.m., at the of¬
tional in 1946.
7■%/•'■'// /: y. fice of the County Judge at Mt.
To the First National Bank, Chi¬
Vernon,
Sanitary Dist., Series C,
2K%, J. & J
."-7'1/
■
Massachusetts
To John Nuveen & Co.,
Due
A
of
on
an
Mass.
?
Sale—The
Note
was
County
:V
$20,000. issue of
Sachs & Co. of New
Tenders
Sealed
at
Dec.
on
O.
(P.
County
Mt. Vernon),
City, 3%, J. & J
Due Jan. 1, 1956,
tional in
in
invested
50,000
_____________
1,
Due
on
bf
Dist., 4%, M. & S.
25,000
Due Sept. 1, 1955, op¬
tional March 1, 1949.
To the Illinois Co., of Chicago:
Sanitary Dist., 4%, J. &
v
Jan.
-
recently
of the Al-
elimination
grade
been
las
.875
Park
J.
y
"With the approval
>250,000
:
1955, op¬
tional Jan. 1, 1948.
Due
sold
original funds
the
before
lermen's Finance Committee, the
•___
Jan.
Due
).
1,
Sept.
at
;'':;%v^yy y'y;/ /'; ->v
.
Certificates
notes is said to have been
revenue
to earn more than
are
Holliston, Mass.
Sold—A
Notes
Treasury
and
notes
needed.
are
____
Due
cepted.
/y/777T7 Ralph D. Pettingill states that the
ton, for Boston funds.
Lindsay reported last week
he had invested $950,000 in
& Co., Bankers Trust
both of New York, and
Harriman
Ripley & Co., Inc.,
Blyth
Park
received
A, B, C and D.
bonds below par
of
ton, a bid of 0.498% .
The notes will be "de¬
or
about April 22, at
on
,
Co.,
;
be
ries
;he Second National Bank of Bos¬
Coolidge
No
bid
best
Next
lance
To
,
0.469%. ' Due
and on April
York, at
1943,
20,
& Rugg, of Bos¬
telephone bids will be
Best,
livered
In
Invested
Funds
Idle
Governments
1945.
to
as
and validity by the
First National
Bank, of Boston,
under K adviceof .Ropes,
Gray,
genuineness
accepted.
Louisville, Ky.
.;
authenticated
will be
notes
ton.
'
//y
Sept. 1, 1955, op¬
tional in
„
will
April
19, at 7:30 p.m. (today), for the
purchase of refunding bonds, Se¬
Proy '
J,___ 15,000
,';Due July 1, 1953. ;,y./';;:v;y'V ■
.
Invited—City Treas¬
Minnie N. Reeves states 'that
the City Clerk's office until
25,000
;
cer¬
refunding bonds $5,000. '
sealed- bids
Francisco, Hetch Hetchy
Water, 5%
sinkingof
approximately $10,000
Bond Bids
urer
by Leo P. SenecaL''.County,
■>:.
Santa "Monica,
Water • ;V '
tained award on
Treasurer, for the purchase of
500 building bonds as l%s, at a $30,000
temporary
loan
notes: Jo.; Works, 5%, F. & A____ 25,000
Due Feb. 1, 1948. :
y,y//;,.>
Denom¬
price of par. Interest M-N. Dated Dated April 21, 1943. .
April 1, 1943.
Due Nov. 1, as inations $10,000 and $5,000.:' Due
Methuen, Mass.
follows: $3,500 in 1958, $3,000 in April 1, 1944.
Issued uiideiy au¬ / Temporary Loan—The $150,000
1959, $4,000
im 1960, $3,000 in thority of and in compliance with temporary loan offered for sale
General Laws (Ter. Ed.) Chapter
1961, and $4,000 in 1962. All bonds
on * April
12,
was
awarded
to
are
optional Nov. 1, 1950. \Le-* 111, Section 85/as amended. The Goldman, Sachs & Co. of New
25,000
S
Due
San
Spring-
21,
KENTUCKY
Dist., 4Vz%, M. &
Park
Webber,
of Chicago ob¬
April 12 of $17,-
& Curtis
1945.
tional in
O.
(P.
County
for
the
in
retirement
Royal Oak, Mich.
1951 and 1952.
.
the
is
Monica,
..
Due June 1, 1953.
field),■ Mass.Offering—Sealed bids will yv San Francisco, Fire
be .received until noon on April y/y tection, 5%, J. &
Sale —Paine,
Bond
,
Jackson
sue.
1955, op¬
Due Sept. 1,
y
by
Note
gality approved by Chapman &
Cutler, of Chicago.
Wheelock &
Cummins, of Des Moines, was
second highest bidder for the is¬
1, 1956, op¬
Jan.
Due
15,000
J. & J.—
Cook Co., 4%,
.
of
the
National Bank, Attleboro. y
entered
and
in 1951.
Water
Works, 5.%, M. & S___ 36,000
>Due
$18,000 Sept.
1,;
V
Santa
.
Sanitary Dist., 4%, J. &
Due
' y
offer
an
was
tificates
and $17,000
'■
hand
on
for
...
1945.
tional in
1943. "7; y
bid
discount,
fund
;
'
1944.
Park Dist., 4%, M. & 3.
Due Sept. 1, 1955, optional in 1944.
other
Hampden
Iowa
City, 3%, J. & J
—
Due Jan. 1, 1956, op¬
\
First
School District,
Ogden Independent
1, 1955, op¬
tional in
The
0.41%
as
Nov.\ 8,
on
lows:
$2,000 in 1949 and 1950,
Boston, at 0.407o dis¬
plus 'a premium of $3.00.
count,
Duo-
y,'k-y\rr'\■./ ■ ■/:'•" ///%>%%
10,000
__
___
Jan.
Due
bonds men¬
revenue
<
amount
July >10, as fol$20,000 in 1948,
Due
".
National
Second
the
to
for
of
Bank
follows: $4,000 in
and $9,000 in 1956.
Interest
Dec/1,
due
1944.
tional in
water works
awarded
tioned in v. 157, p. 1322, were sold
7,7 • to the Carlton D. Beh Co., Des
12,000 Moines. Dated March 1, 1943 and
cago:
'
•.
3V2%
^
sale
1322—/was.
offered
April 13—v. 157, p.
on
Sold—The $13,000
: Bonds
Trust
Northern
the
To
Iowa
Chariton,
Loan—The $200,000
loan
temporary
May 1, 1956, op¬
Due
.
Attleboro, Mass.
,
.
Boston.
of
Temporary
IOWA
20,000
N.
of
course
collection.
v
Dist., 3V2%, M. &
Park
in
and
Fund
Welfare
1, 1955, op¬
1, 1946.
tional March
tional Bank
Second Series, dated May 1, 1937,
Francisco, Hospital,
414%, J. & J_____,_____ 25,000. due Nov. 1, 1945, and 1935 refund¬
ing bonds, Series A, dated Nov.
A" -Due Jan. 1, 1951. /1. ;y '
Santa
1, 1935, due Nov. 1, 1965; until
Monica,
Clover 1
^
The
.' Field, 4V2%, J. & J___'41,000 May 6 at 8 p.m. (EST).'
San
0.52%, entered by the First Na¬
levied for the County
heretofore
Monday, April 19, 1943
& FINANCIAL CHRONICLE
THE COMMERCIAL
1410
ing: "We have drawn this bill to
the
attention of the League of
Municipalities quite forcibly and
feel that all it does is make man¬
datory something which they al¬
ready
vide."'
have
the
power
to
/
pro¬
',
...
Volume
157
'THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4169
the
Owatonna, Minn.
Bond Election—The issuance of
,
Governor's veto will be made. nicipalities
several members -who. improved,'
$65,000 airport bonds will be sub-! voted for the bill have
mitted
the
to
voters
(today), according to report.
•
-
>
MISSOURI
authorities .brought
i
Tax Assessment Put At $1,026,-
r
963,250
sonal
Real
—
estate
property
in
been assessed at
1943 tax
per¬
Louis
announced
was
$8,206,470, or about eight-tenths,
1%, over last year's assess->
merit
1
of
The
$1,018,756,780.
tax
been
not
of
last
rate
for
has
year
the basis
on
year's
levy of $2.77 on
$100 valuation the increase would
result
in
additional
in
New
in
1936
of
sum
used
for
this
and'.turn; ready= on
of
of
revenue
who
such
the
short
bill
were
notice
refunding
of
and
"The many expressions of
published, tenders to* be,
opin~,
on
Wednesday of A this ion I have received on this bill
week; y Under the terms of the from-investors, bond houses, tax¬
Farley
Bill,
State
authorities payers-and experts in municipal
would appear to be shorn of all finance are unanimously adverse,power over municipalities taking
Hudson County (P. O. Jersey m
advantage of the bill, and, it has
City), N. J.
'
been suggested, that a municipal¬
Equalization
and
by
the
,
of
State
Board of Equalization.
•
A The valuation of real estate
was
fixed at
$896,831,620, as compared
$887,532,330 last year.
Per¬
with
sonal
property
was
valued
year
$130,131,630 this
and
attributed the increased
real estate assessment to
struction
new
prior to last June
as
was
made for this
year's taxes, and to
higher property values in expand¬
ing districts north and south.
Unit
(State of)
Offering—It
Bond
is reported by
Henry H. Bartling,
Secretary of the Board of Educa¬
tional
Lands and
Funds, that the
Board will offer for sale at open,
public and competitive bidding, a
total of $1,061,500 tax-free bonds
of Nebraska State Subdivisions on
May 3, at 2
7
p.m.
(CWT).
;
Wakefield
Sch. Dist. (P. O.
Wakefield), Neb.
Bonds Sold—It is reported that
$47,000
refunding
bonds
have
been purchased by Greenway &
Co. of Omaha, as 2L>s.
NEW HAMPSHIRE
v
:
years
L.
Delisle
Treas¬
$200,000 temporary loan
fered
on
the
to
April 9 and
First
National
Boston, at 0.61%
ond
bid
best
National
of
Bank
discount.
Sec¬
entered by the
was
Bank
Shawmut
of Bos¬
ton, an offer of 0.72% discount.
NEW JERSEY
Atlantic
Bonds
tion
Tax
its
April
—
In
connec¬
on
of general refunding
refunding bonds, Di¬
rector of Revenue and Finance,
Daniel S. Bader, reports that the
city purchased $520,000 general
refunding bonds for $462,969.20,
at an average price of 89.03, and
$3,000 refunding water bonds at
and
14,
par.
Vetoes
Tax
Relief
Bill—Governor Charles Edison
April
10
on
distaste
sial
of the
ceived
Bill
Amended,
Nothwith-
—.
for
the
above
eliminate
described
because
many protests he had re¬
about
the
measure,
in¬
$64,877,835 less
Assessors of the
or
last year.
section
a
measure,
to¬
,
$954,888,691, but
county board cut $42,285,585
revising assessment books.
A The county board slashed $40,783,035 ■■ from Jersey City's rata-
"'7'vw-x
,
bles,
$2,643,400 in Hobokeil, $2,Guttenberg and $500 in
the
ex¬
Newark,
Weehawken
The
will
City and
unchanged.
Union
were
reduction
in
result
in
Jersey
increase
an
City
in
the
(Sec.
would have cancelled
of ' creditors and
5)
certain
rights
would have allowed Atlantic
continue to control its
to
nances,
even
City
own
fi¬
should those condi¬
tions arise under
which, according
to present New Jersey Law, the
Municipal
Finance
Commission
this
have
charge.
section
been
changes
no
fundamental
The omission
that there
means
protection
of
in
the
bond¬
provided by present New
Jersey laws.
*
"
Governor Explains Veto Of Bill
—Grovernor Edison issued
"This, bill, passed during the
closing hours of the Legislature
under /suspension
of rules, re¬
Cash
from
Atlantic
'wholly
the
the operation of
Basis Act all
the
or
armed
the
municipalities
Coast
which
take
forces'
and
that
sions.
Assessors
44,433,125
126,611,227
47,253,825
YorL_„^;_r__.
36,135,260
35,701,335
27,456,900
thorough
following
This
program
of
discussion.
fiscal control
the
best
"The
these
The
in
the
results
laws
credit
nation.
-
have
of
as among
,
achieved
been
New
under
excellent.
Jersey
mu¬
taxes
A A A 7 A ;.
19,199,456
19,141,706
A 19,199,456
A AAAA A 77 A;
6,355,380
6,467.505
Secaucus'
_
Guttenberg
East
Newark
>
'
A-'AAAAA,AAA-.~A-
v
6,355,880
5,263,363
5,272,533
5,265,863
3.242.075
3,244.175
3,242,075
1946.
in dollars and cents.
1
nouncement
Mayor
of
Frank
the
Hague
an¬
rate,
new
released
a
long statement charging that the
increase is part of Governor Edi¬
son's plan to wreck Jersey City
on Mr.
Hague
opposition to the railroad
Interest
interest thereon with¬
opinion
of
rate
ceases
on
NEW
to this effect will
successful
the
Lodi, N. J.
Released
from
Jurisdiction—It
is reported by
G. C, Skillman, Sec¬
retary of the Municipal Finance
Commission, that the above Bor¬
ough was released on March 15
YORK
1
(P. O.
Williamsville), N. Y.
Bonds
Authorized
Dewey has approved
bill
—
'AAA;
a
legislative
authorizing the town to issue
not
exceeding $75,000 bonds for a
sanitary relief sewer in the above
Neck
Grove
and
Township
Upper
School
District
Bonds
Approved—At
(P. O.
1131—were awarded to Francis L
duPont &
Co., New York, as 1.70s,
price of 100.278, a basis of
about
1.67%.
Dated
April
1,
"'i
C.
a
-
an
South
issue
of
,
$12,000
■
Hackensack
Released
from
.
\
Twp.f
school
,
N.
J.
Jurisdiction—G.
C. Skillman, Secretary of the New
Jersey
Municipal Finance Com¬
mission, states that the above
township was released from the
j-urisdiction of the Commission on
March
1, 1943.
Sherwood
Peoples
of
Co.
&
&
Loeb & Co._
terest
on
matters
said bonds and for other
in
connection
therewith.
The Governor also
Duryea
Print.
bill
No.
(S.
1946)
as Chapter 456,
1943, to authorize the city
Laws of
refund
to
approved the
Int. No. 1507,
certain
bonds of the
outstanding
city and to provide
the
for
payment of the principal
and interest on said bonds.
Sale—The
awarded
tional
Bank
on
1.70 A.
1.70%,
100.14
100.07
100.10
Wo:.
Par
$300,000
tax
on April 13
April
the
First
of Boston,
Na¬
at 0.59%.
July 30, 1943.
The County Trust Co. of White
Plains was second best, bidding
0.69%,
while
the
Manufacturers
Trust Co. of New York
with 0.70%.:
•
was
third,
.
Buf._
21,
by
1.90%
100.14
Lael
Von
Elm,
Village Clerk, for the purchase of
$61,000 coupon or registered re¬
Interest
6%, payable
$1,000. Dated May
1, 1943.
Due on May 1: $14,000
in 1951 and 1952; $17,000 in 1953,
funding of
1943
Report
Of
York, N. Y.
Cites
Economic
City—New
Decline
York
City's eco¬
nomic future, because of declin¬
ing trends in its manufacturing
industries, which may be accel¬
erated
by the war, presents a
major community problem that
will require the attention of its
ablest leaders in industry, com¬
and labor
merce
city
and
as
well
as
of the
State
governments, ac¬
cording to a report by the Hanes
Committee
on
Employment in the
Governor Thomas E.
public April 11 in
Albany.1.■
A::'
vA
The
committee,
according to
the New York "Times" of April
Dewey
made
v
,
Hempstead, N. Y.
I
Bond Offering—Sealed bids will
be received until 2 p.m. (EWT),
on
to
city, which
Bank
A-i-.*.'
of
Co.
Rate Bid
1% %r
Weigold
National
Tr.
Int. Rate
.
and
Co.-J-,—,
Patchogue
Marine
Other bids:
v-;
'
Childs
P.
Roosevelt &
elec¬
an
April 6 the voters author¬
on
Bidder—
Newburger,
Grove), N. J.
city to issue bonds in
principal amount not exceed¬
ing $350,000 for the purpose of
funding certain judgments against
the city, providing for the pay¬
ment of the principal of and in¬
a
New
Stony Brook Water
District (P. O. Patchogue), N. Y.
Bond Sale—The $38,707.06 cou¬
pon
or registered
water system
bonds offered April 14—v. 157, p.
Penns
Penns
•
thorize the
Brookhaven,
High
Regional
the Duryea bill (S. Int.
1319, Print. No.
1951)
as
Chapter 455, Laws of 1943, to au¬
No.
A
district.
1945 to 1962 incl.
Penns
proved
Due
Governor
1943 and due April 1, as follows:
$2,707.06 in. 1944 and $2,000 from
Chapter 127, Laws
Long Beach, N. Y.
were
longer
under
bonds.
12, said that in
business
many
trade
interviews with
heads
of
men,
and. industry
organizations,
labor
leaders, city and State of¬
ficials and representatives of the
Federal
Government
armed forces
it had
and
the
found "gen¬
eral
agreement that the burden
taxation, including the New
City sales tax, had operated
rate is not to exceed
of
M-N.
York
Denom.
to the
the
disadvantage of business in
metropolitan area."
Commercial
and Financial Chronicle (Reg. TJ. S. Patent
Office) William B Dana Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341. Herbert D. Seibert, Editor and Publisher:
Dana Seibert, President: William D. Rlggs, Business
Manager. Published twice a week [every Thursday (geneial news and advertising issue) with a statistical issue on Monday}. Other
Chicago—In charge of Fred H. Gray, Western Representative, Field
Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William.
B. Dana Company. Reentered as second-class matter
February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879, Subscriptions in United States and Possessions,
$26.00 per year; in Dominion of Canada, $27.50 per year.
South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per year. NOTE: On account of the fluctuations, In the
rates of exchange, remittances for foreign subscriptions and advertisements must be made .in New York, funds.
William
offices:
a
Mamaroneck, N. Y.
at
1938.
Enclose
$1,220, payable
Village.
Note
from the jurisdiction of the Local
Government
Board
and
is
no
of
be furnished to
bidder.
Governor Signs Bond Financing
Bills—Governor Dewey has ap¬
date called.
Amherst Sewer Dist. No.
to the extent of
•
amount.
or
of
Hawkins, DelaLongfellow, of New York,
field &
notes offered for sale
tax deals that favor the railroads
$127,000,000. And,
thus,;.the Edison-Hague feud con¬
tinues, to generate publicity of a
character
disturbing—to- put; it
mildly—to the city's creditors and
harmful
to
the
city's financial
standing in the credit markets.
all
the
the
urer's office.'
vengeance
for his
Chemical
Co., New York City.
Refunding Water, Nos. 61 to 70,
41-2%-, aggregating $10,000.
Dated May 1, 1937.
Due May 1,
1943. Payable at the Town Treas¬
financially, drive business out of
Jersey City, produce idleness and
wreak
the
at
Bank & Trust
Following the Tax Board's
;
Payable
upon
property within
the payment of
for
27,944.450
of yits provi¬
dangers. inherent in
during the last decade after
study and planning, and
valorem
and
36,117,060
27.944,450
elect
careful
ad
taxable
The
$475,044,727
re¬
The bonds will be valid and
out limitation
.
to
legally binding obligations of the
Village, and the Village will have
power and will be obligated to
bonds
1942
Issued
Village matur¬
the fiscal year 1943-
during
1944.
Village
$5.35.
Harrison. ' A A—-A A-i_ A—
advantage
The
ing
levy
city's
returned.
to
New
AA—L
are
partially occupied by
be
43,383,125
West
Bergen
ment
text of the message reads in
part
as follows:
1
will
the
The
case
fund bonds of the
valuation.
tax rate has been fixed at
pur¬
deposit accompanying his bid
tax rate of 30 to 40 cents per
$100
tentative
to
contract
certified check for
•
explaining his reasons for
vetoing the above measure.
The
the
the
bonds and in such
the
state¬
a
under
64,038,407
.
holders
be
tions
65,305.117
North
in
J i^A''/A
legislation is recognized
pected that an effort to override
East
tion,
chase the
64.038.407
Education.'
by
$1,050,000,
Kearney's by $30,300, Bayonne's
by $46,750 and West New York's
by $18,200.
Totals in Harrison,
any
law, the suc¬
may, at his,, elec¬
relieved of his obliga¬
76,637,221
lature
released to the press
Governor's office. It is
by
of
terms
bidder
71,049,200
heating plant bonds, occording to
F„ R, 'Coney,, Clerk of Board of
was
ratables
North
by the
income tax
70,575,100
W e e h a w ken
of the bill
taxable
76,441,599
ized.
A ten-page veto message on the
Bergen's
increased
type«and character shall
same
be
76,667,521
"Our laws governing .municipal
finance were passed by the Legis¬
•
It
8
income received
68,400,800
ultimately lead to local chaos.
,
in
Section
by private holders from bonds of
126,657,977
A„__7A-A-A;
__,»AAAAA
._7_CAA~A-----A
UnionCityAT;.-_.. AAA-A
Eayonne" :
tion
bill
500
$434,261,692
this bill cannot be over-estimated.
It sets a
precedent that would
laws.
laws."
basis
by
Municipal Law,
and by said Village Law,
In the
event that prior to the
delivery
cessful
777 71943 W'A A
■
would
Atlantic City
and other seashore municipalities
permission to reduce 1943 budgets
by eliminating appropriations for
uncollected
tax
reserves
(the
cash-basis provision) and exempt
such municipalities from
exer¬
cise by any State Board of fiscal
control as provided in existing
cash
our
■
-I-A
authorized
General
Federal
,
The omitted Section
is
the
tion
,
1943. 7.;, ,77 7
issue
of
Hoboken 7
which
$79,100,270
Bank, West Hempstead, or at the
of. New York, New York.
No bid will be accepted for
sep¬
arate maturities, or at less than
the par value of the bonds.
The
Village operates under the Vil¬
lage Law and the proposed bond
Bank
general
in
its
terms
and
might easily lead to the destruc¬
of
Yp
the
bonds.
Prin.
and int. payable in lawful
money
at the West
Hempstead National
and
:
Totals 7-A-$909,689 reserve for uncollected
$912,603,106
$977,480,941
$954,888,691
taxes, anticipate 100% collection
A'-A A jersey City, N.
A'f-"1
V
NEW MEXICO
of current taxes and keep in its
Tax
Rate
Increase
Revives
budget an anticipated receipt of
Alamogordo,' N. Mex.
Governor-Mayor Feud-—The city's
$660,000 delinquent taxes.
This
Bond
Call—The Town Treas¬
1943 tax rate, recently announced
would permit a reduction in the
urer
is calling for payment on or
tax rate from a threatened $7.40 by the Hudson County Tax Board, before
May
1,
the
following
is $57.45 per $1,000 as compared
to about $5.95 per hundred.*
The
bonds: ■; -A-;■! A:.;'A. A;A •;
with $53.73 last year.
However,
anticipated higher tax • rate, from
Water Works, Nos; 10, 112 to
the total assessed value of real
which relief was sought by intro¬
120, 304 to 320, 374, 389 and 523,
duction of S. B. 198, was largely property has been reduced on the
5lk%t aggregating $15,000.
average of 22% so that the actual
the result of a drastic reduction
Dated May 1,1916.
Due May 1,
tax levy this year will be smaller
of assessed valuations from
to
and must be
of the
$491,925,004
128,696,142
a
1942
all
Kearny,
to be a law, will permit Atlantic
City to omit from its 1943 budget
in
for
Rate of in¬
multiple of
a
the
Municipal Figures
The tabulation follows:
';A; A-v-
to
given
subdivisions.'
AAAA-
cluding those from New Jersey
municipal bond houses. This bill
have
opera¬
in
of the bonds the
of
.';<77V 7
understood
now
the
Jersey
from all State fiscal control.
The
municipalities 'i reported
ratables
'•
would have exempted municipali¬
ties taking advantage of the law
5,
1228),
announced
$912,603,106,
than
in
However, amendments
adopted restrict the application
of the measure to Atlantic City
moves
,
f
Veto
bill.
on
page
e
measure, the Legislature on April
13 overrode by a close vote his
veto and
passed the controver¬
vetoed the Farley Bill,
(described in our issue
Senate 198
April
1 i
e
Over
,
water
•A Governor
of
R
would take
the call for tenders
County Tax
fiscal
political
Re-: Secaucus.
recently that
county's ratables for 1943 to-
the
tal
.
standing the Governor's emphatic
of
City, N.J.
Purchased
with
v
Passed
a
was of¬
awarded
was
Board
Large
12
$90,~
that
states
Show
tal
law.
■
E.
urer
reorganized a few
if this bill becomes a
were
ago,
031,558
Berlin, N. H.
Temporary Loan—City
v
finances
Ratables
duction—The Hudson
fund requirements of: a
refunding agreement, such as the
one
under which Atlantic City's
and
NEBRASKA
Nebraska
the
evade
con¬
1,
of which date the assessment
Local
successfully
could
sinking
at
$131,-
334,450-in 1942.
Hoehn
ity
re¬
Tax
the
many
be
l/10th of 1%
State Comptroller Zink states that
the legislation is much too broad
•
$227,319. :'A-AV-A
\ The assessment is subject to
vision
by 1 the
City
Board
in
municipalities of
the State, but is also likely to seri¬
ously impair the financial integ¬
rity and credit of both the State
> A.A' A;,;.;. A;,
and ; 'water* years...-
results
tions
re¬
verse.
bonds
passed, has stated that
in its ultimate effect,
was
bill,
otic
call for ten-; good that has been done in recent
a
member of the Senate
a
■might well lead not only to cha¬
and
little consideration to
so
was
gram
the well-established policy
this 7State, and to undo the
$500,000
retirement., of
debt
Hendrickson,
that the members
about
done and
Treasurer
when the local fiscal control pro¬
Legisla¬
to
same
New Jersey munici¬
every
long and dangerous step
New Jersey fiscal
affairs.; I am reluctant to believe
of the
$16,000 in 1954.
terest
or
"State
a
ture who voted for
and
ing of
pality.
backward'in
.to
-
entered
a
was
aers
resents
the
strong conviction
legislation would seri¬
this
ously weaken the financial stand¬
It rep¬
opened
this
fixed, but
be
to
This
of
confidence
have
that
re¬
-
the trustee for the bond-, after
to
holders
of
pressure
requirements
bondholders
;.-:i
an
the
agreement
over
re¬
^A; A'/;"
increase
'
figure -is
have
out of the Cash Basis Act.
A:!'
the State,
City; to live
of the
into. with its,
Atlantic
upon
to
up
has
$1,026,963,250 for
by City Asses¬
cently.
The
and
St.
bear
purposes
Hoehn, it
sor
A».S' V
Only a.few weeks ago
Louis, Mo.
All
immensely
they did not realize its real, Jersey municipal securities.
."Senate 198 would,cut the heart
significance when they voted forit.
St.
newed-their
stated
now
been
Investors
that
April 19
on
has
However,
1411
t.
THE COMMERCIAL & FINANCIAL CHRONICLE
1412
High assessments on real estate
against the expansion of
industries in the city and the lo¬
cation of new ones here, while the
high level of the
State
stock
militate
transfer
ness
drive
from
busi¬
New
tends to
tax
away
York
the
Stock
Exchange to out-of-town
Exchanges, the committee was
tOld,
\££/ £
'•
Holding that the decline of in¬
dustry in the city was a predomi¬
nant
influence in
in the
that
similar trend
a
State, the committee urged
further
authority to levy
to the city until
tax and budget problems had
no
taxes
its
be
given
received
particular attention in
study of State tax problems
being made for the Gov¬
to 42
communities, thus assisting
in
achieving
their local
quotas in the current Second War
Loan campaign.
•'£/
In announcing the subscription,
the Comptroller said: "The Sec¬
lature to
to
levy
mitted
15-
a
tax
the
sales
tax
or
retailers, sub¬
budget requiring
16-point rise in the basic
a
on
estate
tax
rate.
A
erally, and I
subscribe
that
urge
the
to
considered
likely, although
civic
and business interests have united
in
•"V.-U."..'*" ££•'•!
/•v.;1
they
extent
of
all
their
demands
for
economies
that
would eliminate the need for
any
increase in the tax rate or for
Schenectady), N.
Bond
be
recent years reported by the Com¬
mittee include wages higher than
those
in competing areas due to
strong labor organization in the
city,
traffic
and transportation
congestion, hostility
of
the
Fed¬
eral Government to the
city, obso¬
machinery and lack of pro¬
lete
gressive
management, failure of
city and State to seek new
the
business and the
decline
of Wall
-
The
Committee, headed by John
Hanes, former Under-Secre¬
W.
tary
the
of
Treasury,
was
ap¬
pointed by Governor Dewey
after
his
election
in
soon
November.
3
(EWT),
on April 20, by Carl
Brown, Town
Supervisor, for the purchase of
the
following coupon or regis¬
tered
p.m.
bonds aggregating
$250,000:
$150,000 First Issue bonds.
$4,000
Due
Oct. 15, 1943; $5,000
from April 15, 1944 to 1965,
and
on
$6,000
from
April
15,
.
-
A-O.
6%,
Denom.
$1,000.
Dated April 15, 1943.
Rate of in¬
terest to be in multiples of
or
l/10th of 1%.
for
all
bonds
Each bid must be
and
state a single
Principal and in¬
rate of interest.
payable
the
at
Citizens
Trust
Co., Schenectady, with New
York exchange.
The bonds will
be valid and legally binding gen¬
eral obligations of the town, pay¬
able
in the
levy
trict
Ladies
first
instance from
a
such
Garment
Workers
Union;
Delos Walker, Vice-President of
R, H. Macy & Co., and Elliott V.
Bell, Superintendent of Banks.
V.. Besides recommending delay in
granting the city any new taxing
power, the Committee urged Gov¬
ernor Dewey "to take the lead in
challenging industry, labor,
merce
a
and the civic authorities to
concerted
effort to
handicaps which
ness
com¬
and
remove
now
the
stifle busi¬
employment opportuni¬
ties and to develop a program for
encouraging the future expansion
of the economic life of New York
While
war
contracts
had mate¬
rially relieved the city's unem¬
ployment,
the
Committee
said
many
of the city's skilled work¬
had
ers
to
gone
wartime
get
property in Sewer Dis¬
2, but if not paid from
levy, all the taxable real
property within the town will be
upon
No.
subject to the levy of ad valorem
taxes
terest
to
Issued pur¬
General
Municipal
La w,
as
amended, for the purpose of pay¬
ing the cost of completing the
construction
other
jobs.
The
areas
to
prepon¬
duction facilities
to
war
work, it
pointed out.
of
a
sewer
system
sewage disposal plant in the
district, a duly organized and ex¬
isting sewer district in the town,
the
period of probable usefulness
In the event
that prior to the delivery of the
bondn
the
income
more than half of all em¬
ployment in the city in fields di¬
rectly affected by priorities, ra¬
tioning and other wartime limita¬
tions, and with two-thirds of its
manufacturing
employees
nor¬
mally engaged in industries not
primarily required for war, the
Committee said the impact of the
might well disrupt many of
city's industries and aggravate
its economic
problems in the post¬
period.
taxable by
the terms of any Fed¬
eral income tax law, the success¬
ful
bidder
bonds
and
be returned.
Bonds
totaling $12,000,000
were purchased April 14 by State
Comptroller Frank C. Moore, as
a
part of New York State's con¬
tribution to the
war
effort.
Every section of the State will
his
their
the
rate.
to
purchase
to
lowest
interest
the
respective
of
less
maturities.
than
No
and accrued
par
such
the
case
his
bid
cost.
for
a
certified
Williston Park, N. Y.
Bond Offering—Sealed bids will
be received
until
10
by
private
holders
from
same
election, be relieved of his ob¬
ligations under the contract to
purchase
case
bid
on
able
at the
Prin. and int. pay¬
Nassau County Trust
Co,, Mineola, with New York ex¬
change. Legality to be approved
by Vandewater, Sykes &
of New York.
: :
Gallo¬
way
NORTH
CAROLINA
Asheboro, N. C.
Bond Offering—Sealed bids will
be received
until
11
a.m.
appraised
Board's
the
bonds
in
and
such
the deposit accompanying his
be returned.
The. ap¬
will
check
Enclose
for
$280,
certified
a
payable
the
to
State Treasurer.
"
at
decision
County
(P.
O.
Boone),
N.C.
said
$50,000
bridge refunding bonds
offered April 13 was awarded to
Vance, Young & Hardin, of Wins¬
ton-Salem, and the Northwestern
at
est
of
cost
bonds
about
divided
$35,000
for the
2.66%,
hs
follows:
For
April 15, $10,000 in 1955 to 1957, $5,000 in 1958,
as 2%s, A. &
O., and $15,000 ma¬
turing April 15, $5,000 in 1958,
and $10,000 in 1959, as 2V2S, A.
maturing
& O.
OHIO
New Boston,
Ohio
Bond Offering—James E. McCoy,
City Auditor, will receive sealed
bids until noon on May 3 for the
purchase of $43,500 not to exceed
4% interest coupon bonds, as fol¬
county
bonds
are
thority
au¬
Section
2293-5
of
Code
not
to
tions
of
refund
like
a
general obligation
bonds which have matured
about to mature.
are
•;<
-££■
1946, $3,000 in 1947 to
1950, and $4,000 in 1951 and
These bonds
1952.
of
the
basis
of the
Ohio
bonds will
1943.
be
dated
(Average
terest of these bonds
the
at
levied
taxes
of
the
are
within
constitutional
office
may
follows:
as
1949.
Rate of in¬
be in multiples
Each bid must be
of Akron
and
delivery.
interest
the
on
Princi¬
(This
payable
the
at
offering
originally
19—v. 157, p.
was
scheduled for April
1323).
Toledo, Ohio
Refunding Bonds Authorized—
The
State Board
of
Tax
Appeals
the
limitation
$686,614 refunding bonds.
Warren,
Bond
funding bonds offered for sale 011
April 12—v. 157, p. 1230—were
awarded to Halsey, Stuart & Co.,
Inc. of Chicago, as Is, paying a
price of 100.101, a basis of about
0.97%.
Dated April 1, 1943.
April
on
and
Oct.
in
1
Due
1944
less
be
for
than
one
par.
issue
be
in accord¬
offered, the tender offering the
greatest discount being accepted
first. If there is not enough bonds
tendered
funds
less
at
accrued
than
interest
to
available,
and
par
the
all
use
certain
serial
be drawn from the
numbers will
serial
drawn to
list of the bids
a
Prem.
Int. Rate
Halsey, Stuart & Co., Inc.,
Chicago
$73.15
money
Ohio
Co., Columbus__
White
&
Co.,
Sutherland
Ryan,
-•'.Toledo
Ball,
hand.
Said bonds so
lot shall forthwith be
on
by
called
considered
thereon
stopped.
interest
and
£/"'/
;
.
The place of payment of bonds
with
respect to which tenders
accepted will be the
have
been
American
National Bank, Sapul¬
and all bondholders submit¬
ting tenders shall agree in their
tenders to ship the bonds tendered
pa,
said
to
place
before
June
notified
6,
their
of payment on or
1943, upon being
tenders
have
been
accepted and the bonds mentioned
therein purchased.
All holders
whose tenders are accepted shall
confirm sale of
therein
mentioned
bonds
immediately
upon
notifi¬
accepted
drawn
lot
the
pursue
course.
same
.
all
fiscal
the
Bonds
tendered.
as
by
matured
coupons
in
agency
to
New York
Bond No, 161,
Nov.
Series "A" called
and Bond No. 147
Series "B" called May 6, 1942, re¬
main outstanding and unpaid. In¬
terest ceased 30 days after the
6,
1941,
call; and
said
presented
for
ately. :
should
bonds
be
immedi¬
payment
;££££££;•: ££££££
.
£•/££'
^
I '
1
\
V,
,.
Stillwater, Okla.
___
Coons & Co., Cleve._
Field,
Richards
40.32
1 r/o
&
1 Va %
missioner
by
Hall,
Revenue
of
April
Com¬
p.m. on
Lee
and
Ac¬
Vk%
209.00
195.65
by the voters by a wide margin
March 29.
Due $9,500 in 1946
1957, and $11,000 in 1958. £ /
on
r
Co.,
—
(today),
for the purchase of
$125,000 airport bonds, approved
1%
.
Cinn..- 269.00
&
be received until 5
counting,
—
A.
par and accrued
balance
of
said
the
drawn
19
submitted for the issue:
The
(at
use
Bond Offering—Sealed bids will
Following is
J.
said
of
interest)
1948.
:
numbers
bonds
to
to
1 lA%
Co.,
Cleveland
146.00
VA%
OREGON
132,00
1V* %
Lebanon, Ore.
112.00
114%
■
McDonald-Coolidge & Co.,
Cleveland
________
Stranahan,
Harris
&
Co.,
Toledo
Braun,
Bosworth
&
Co.;
Toledo
Otis
&
Pohl
&
Co., Cleveland
Co., Inc., Cinn.___
VA%
50.40
VA %
114%
45.85
Van Lahr, Doll &
Isphord-:- .
Cincinnati
230.40
ing,
•
;
Kreimer
&
1V?%
an
of
$70,000
drainage bonds. -.
and
sewer
.
,
£
•
v
-
r;
Fuller,
Cincinnati
V/2%
190.80
Reedsport, Ore.
Bonds
OKLAHOMA
Bond
City Coun¬
ordinance calling an
election for May 21, in order to
have the voters pass on the is¬
passed
suance
■>
_
Assel,
Bond Election—The
cil
.
64.00
..
Authorized
—
The
City
Council passed an ordinance call¬
Holdenville, Okla.
Offering—Mayor
J.
E.
ing for the issuance of $35,932.35
refunding bonds, to care for the
will
receive
bids
until remaining defaulted Bancroft Act
April
20 for
the
purchase
of improvement bonds.,
$100,000 airport bonds, to mature
PENNSYLVANIA
$5,000 annually from 1946 to 1965
Davis
Bidder to
incl.
and
terest
Bonds
person.
at
election
an
name
may
of
rate
in¬
submit offers in
were authorized
March 30.
on
Connellsville, Pa.
Bond
Invited
Tenders
Treasurer
J.
will
he
Each bid
ders
until
only and
optional
Howard
W.
receive
May
—
sealed
City
states
ten¬
under
6,
refunding
date
of
at
Call—City
Treasurer
C.
K. McKesson calls for payment on
May
Sapulpa, Okla.
Sealed
2 p.m., of
bonds issued
May 6, 1940, and
separate from the other issue, as
joint bids will not be considered. due on May 6, 1960. Series A out¬
The approving opinion of
Peck," standing $387,800 bearing interest
not
must
con¬
will
for payment.
Ohio
$72,000 semiimprovement
re¬
general
ann.
that
be sold
preference
with the size of the discount
ance
Sale—The
10at
and
city £ Send
is said to have authorized the
to issue
payable
City Treasurer.
issue of bonds will
sidered
cation that their bonds have been
General
maturity
of entire loan 7 5/6 years.) Rate
of interest to be in multiples of
V4 of 1%. The principal and in¬
1,
Each
1,
1944 to 1947, and $34,-
1948 and
Section
ing the outstanding accounts
and notes payable of the City
incurred prior to Jan. 1, 1943.
mill
County Auditor
Due Oct.
County Treasurer's office.
Code for the purpose of pay¬
All
and accrued interest will be
issued
of
authority
2293-43
are
is
rate
of )k of
Final approving opinion will
1%.
in
under
un¬
4%, payable A-O.
1943.
Denomina¬
1,
the
as
$33,000 in
or
22,500 delinquent tax bonds. De¬
nom.
$1,000, one for $500.
Due Nov.l, as follows: $2,500
from
Interest
exceed
May
specify.
as
to
amended
amount
under
General
of
Ohio
the
bonds. Denom.
Nov. 1,~ as fol¬
in
1949,
and
to 1953. - These
issued
and
purposes
Bidder—
$21,000 refunding
$1,000.
Due
lows:
$1,000
$5,000 in 1950
for
with
bonds.
Dated
lows:
May
familiies
23, by
James A. Evans, Clerk of the
Board of County Commissioners,
for
the
purchase
of
$200,000
Wilkesboro, jointly,
price of 100.007, a net inter¬
a
com¬
Sealed bids will be received
til noon (EWT), on April
and
Bank of North
in
privately
owned similar property."
pal
Bond Sale—The issue of
road
to
or
competition
county.
Watauga
$3,-
be furnished at the expense of the
"
hand
on
of all outstanding
issues, which said
drawing will be by lot and will
Summit County (P. O. Akron),
be conducted at the meeting here¬
Ohio
inbefore mentioned, and enough
Bond
Offering
Postponed— serially numbered bonds will be
in
terest to
4%, payable
Dated April
April 1, as fol¬
$4,000 in 1948.
The
O.,
part that the property was being
rented "to private
business, to the
furnished.
to exceed
Due
Cincinnati,
169,000.
000 in
a.m.
$3,000 in 1944 to 1947, and
given bonds tendered
the Laurel Homes project,
on
proving opinion of Reed," Hoyt &
Washburn, of New York, will be
Denom. $1,000.
1, 1943.
tion
the event that prior to the deliv¬
ery of the bonds the income re¬
ceived
funds
no
residential
bonds of the
the
as
permit, provided, however,
tenders mkde at more than par
T^he decision was given in re¬
jecting the application of the U.
S. Housing Authority for exemp¬
private
principal only; general obliga¬
tions; unlimited tax; delivery at
place of purchaser's choice.
In
tendered
will
uses
(EWT)
on
April 19 (today) by Robert
Kent, Village Clerk, for the pur¬
chase of $16,000 coupon or
regis¬
tered
drainage bonds.
Interest
A-O.
Federal
mercial
de¬
check
the
cipal and interest payable in law¬
ful
money
in New York City;
coupon
bonds registerable as to
The
Enclose
with
highest bidder for ordinary
will
$5,000, payable to the town.
property rests
Government.
interest will be entertained. Prin¬
purchase the
(EWT)
participate in the subscription by on April 20 by W. E. Easterling,
the allotment of portions thereof Secretary of the Local Govern¬
offering
at
each
awarded
Town, such cost to be
determined by deducting the to¬
tal amount of the premium bid
from the aggregate amount of in¬
terest upon all of the bonds until
approving opin¬
Vandewater, Sykes & Gal¬
loway, of New York, will be fur¬
nished to the purchaser without
lows:
Buys
cost to
ion of
rate is not
(State of)
$12,000,000 War Bonds—
in
to
accompanying
business, and though they were
finding work in war industries
elsewhere, they, too, would'be un¬
employed workers after the war,
New York
at
election,
of his obligations un¬
may
the contract
Many of the city's small enter¬
prises were being forced out of
the Committee said.
received
by
private holders from bonds of the
same type
and character shall be
posit
£ With
bonds
and
der
War
amount.
or
plicates the task of adjusting pro¬
war
in¬
Chapter 760 of the Laws
of 1941, the Town Law 'and the
be relieved
the
and
suant to
derance of small plants here com¬
war
bonds
thereon, without limitation
to rate
as
said
pay
of which is 30 years.
City."
bidder
the
of
be
his
Interest rate is not to exeed
payable
David Dubin-
are
the
will
.
,
1963 incl.
sky; President of the International
Other members
bonds
bonds
type and char¬
1966 to 1971.
acter
shall
be
taxable
by the
100,000 Second Issue bonds. Due- terms of
any Federal income tax
$5,000 from April 1, 1944 to
law, the successful bidder may, at
terest
Street.
;
until
of
amount
The
bid
Y.
Offering—Sealed bids will
received
•
Other major factors contribut¬
ing to the decline of the city in
'■£'•£"£,• £'.A;\v£•'£•'
(P.O.
Vinewood Ave.,
R. D. No. 5,
taxes;
new
,**' .''V-/N;
Rotterdam Sewer Dist.No. 2
special
session of the Legislature to con¬
sider the city's needs has been
ment
Commission, at his office in .Shaffer & Williams, of Cincinnati, at 5% and Series B outstanding
Raleigh, for the purchase of $14,- will be furnished to the purchaser $252,000 bearing interest at 6%.
000 coupon refunding bonds..
In¬ without cost. No conditional bids
Tenders
will be received
for
terest rate is not to exceed
6%, will be received. Enclose a certi¬
$19,000 Series A and $13,000 Se*
payable
A-O.
Denom.
fied check for 1% of the bonds
$1,000.
ries B bonds. There is now in the
Dated April 15, 1943.
Due $1,000 bid for, payable to the City.
sinking fund of the city the sum
ond War Loan affords the State from April 15, 1947, to 1960 incl.
of $65,965.63, of which $33,645 is
Ohio (State of)
Bidders
an opportunity to give further as¬
are
requested to name
Housing
sistance to the winning of the war the interest rate or rates, in mul¬
Authority
Property being reserved for the current in¬
terest coupons due May 6, 1943
and at the same time to invest tiples of xk of 1%.
Each bid,may Ruled Taxable—A United Press
and the next succeeding interest
State funds in the safest security name one rate for part of the dispatch from Columbus on April
12 reported that the Ohio State coupons due Nov. 6, 1943.
The
in the world.,
bonds
(having the earliest ma¬
balance
of
said
sinking
fund
"This opportunity is available turities) and another rate for the Board of Tax Appeals ruled that
the property of a housing author¬ money, to wit: $32,320.63 is avail¬
to every officer and employee of balance,
but no bid may name
able and will be used to purchase
the State, as well as the munici¬ more than two rates and each bid¬ ity is not exempt from real es¬
as
many of the aforesaid bonds
palities and to our citizens gen¬ der must specify in his bid the tate taxes even though title to the
1943-44
a
or
real
double
Monday, April 19, 1943
them
ability." £■ ' £
/
a "
■
The bonds, which will be the
ernor.
*
'
2Vi% Treasury Bonds of 1964-69,
Mayor LaGuardia, after failing .will be held by the State Em¬
to get authority from the Legis¬ ployees' Retirement System.
the
now
1
•'
1,
bonds
operating
1943,
Nos.
51
revenue
to
100, to the
amount of $50,000, part of an is¬
of
sue
1938.
$100,000.
Dated
May
1,
Denomination $1,000. Bonds
should
be
at
the
presented for payment
City Treasurer's office or
at
the
Second
National
Connellsville ^with
Nov.
Bank
1,
of
1943,
and subsequent coupons attached.
;Volume
157
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number! 4169
.
1413
'
Philadelphia School District, Pa.
eral
same
the
the
be
.received
only
issue and at only
terest and
i
able, without deduction V for any
or taxes, except succession or
inheritance taxes, now or here¬
tax
of
the
assessed
or
thereon
present or future law
Commonwealth,
which taxes
the
all
District
of
assumes
and agrees to pay.
These obliga¬
tions will be payable from ad
valorem
within
taxes
the
imposed by law, levied
limits
all the
on
property taxable for school
pur¬
poses within the District. Settle¬
ment in full for the loan must be
made
with
the
Secretary on or
20, at 11 a.m.
If
necessary, pending the prepara¬
tion of definitive bonds, nego¬
before
tiable
May
interim
certificates
of
of
time
$10,000 or $100,000, as may be re¬
quested by the • successful bidder
or bidders.
The highest respon¬
sible bidder shall be the
who,
having complied with the condi¬
tions of sale, offers to take the
one
whole amount of the issue at the
interest
lowest
to
cost
the
thereof, the amount of pre¬
mium
offered,
if
and
over
any,
above the face amount of the issi>2.
The
bonds
to be issued
are
subject to the favorable opinion
of Townsend, Elliott & Munson,
of Philadelphia.
The < enactment
at any time prior to the settle¬
ment for the bonds, of Federal
legislation which in terms by the
repeal or omission of exemptions
or
otherwise, subjects to a Fed¬
Erwin, Tenn.
Bond
refunding bonds
Power
Co.
the
and
South
lina Electric & Gas Co.
Caro¬
;
Senator R. M.
Jefferies, one of
the sponsors of the bill, told the
Senate its
not to
advocates had
decided
for passage now be¬
cause
of the expected early ad¬
journment of the Legislature.
press
debentures, due
1, 1935.
terest
Chattanooga, Tenn.
Sealed
" '
Invited—It ? is
Tenders
T. R. Preston, Chair¬
man
of the.Sinking Fund Com¬
missioners, that he will receive
sealed tenders of refunding bonds
of Series A, B, or C and funding
stated
by
bonds, all dated May 1, 1935, and
maturing May 1, 1950, until April
29, at 10:00 a.m.
;
The
Sinking
trust 6%
Collateral
':'v
the
sum
ment
the
mission
other
will
issues
consider
having a maturity
May 1, 1950.
t
Tenders
or
bonds
to
the
city
prior to
date
-;:
bidders shall
the interest rates
be
Aug
—
specify
and number
of
Bidders
tendered.
Dallas Ry.
Bait.,
1st
&
1
3V2S, ser. H__Apr 27
3
1948_May
mtge. bonds
ref.
at
date
plus accrued
par
plus
redemption date.
designated bonds and
shall present same for
,
pons
ment at the Union
on
or
before
Bell
cou¬
pay¬
Bank, Pulaski,
June
1, 1943.
Said
bonds,, together with interest and
on
Indep. Sch. Dist.
(P. O. Round Rock), Texas
Bonds Voted—It is stated by O.
F. / P e r r y,
Superintendent
of
Schools, that at the election held
March 16 the voters approved
the issuance of $12,000 3%
52 to 4.
Chemical
bonds by
school
count of
a
y
.
^
have
6Yo
preferred
Brick Co.,
1st
'
stock
1st mtge.,
entitled
number
of
visions
of
ture and
each
1st
Filice Si Perrelli Canning Co.,, Inc., 1st 5s,, due ,1950——May JL8
Fitchburg & Leominster Street Ry.* 1st 4s, due 1955
May. 1General Finance .Corp.,
cony, debs,,.ser; B, due 1951.
.
General Steel Wares, Ltd;, 4^ serial bonds, due- 1945-_Jun :, t
,
.Nyythern, power, Cq.^lst tn\tg^,5?v.,due
|pr (21
j
1080
99.1
t118Q[ •
series
A,
the
stock
proceeds
will
be
holder
paid
upon
certificate
and
checks
had
been
made by the State.
WYOMING
will
be
submitted
of
have
ments
The
bled
St.
Paul,
To
Bonds
Sold
Treasurer
have
Over¬
the
been
The
—
that
states
Secretary^
$95,000 4%
improvement
bonds
purchased recently by
_
Bank-of
Canadian
National
Montreal, at
war
price of 98.85.
a
St. Lucie de
in¬
1
•
a $1,000,000
appropriation made by the 1943
Legislature to help pay for ex¬
panded local government services.
The "help out" fund will be dis¬
tributed according to the propor¬
tion of each city's increase to the
total increase
State.
Beauregard, Que.
Reorganization :tlan
Financial
dustries will share in
the
J
populations have dou¬
trebled because of
or
? ;
QUEBEC
Cities—Washington cit¬
whose
pro¬
St. Pierre, Que.
Trust
-
Appropriation Made
ies
for
CANADA
semi-ann..
burdened
made
been
balance
First
Paul,
voters
the
ceedings and legal opinion.
the certificate
presentation of the
St.
'
'
the
to
April 20. He says that arrange¬
on
Washington (State of)
Submitted
the
of
Creditors
—
being advised that
under the provisions of the Quer
bee
Municipal Commission, the
said municipality has submitted
to its creditors a plan of financial
in urban population reorganization at a meeting held
Another $1,000,000 on Jan. 21, 1943.
The plan thus
above town
submitted
appropriated for distribution
are
is
now
in
after
force
during the next two years to all
cities alike, to offset in part de¬
clining revenues from the gaso¬
having received the approvals re¬
quired by law.
^
-
expected drop in
the profits of the State Liquor
Board, according to the Ameri¬
can Municipal Association.
the
titled,
bonds
and
an
Page
*"
1
*
1363
1
*
—Apr 22
1
1180
1
1180
1
1271
..Juh 1
1271
July
1
899
—May 10
1083
1
*
6
1271
1
$2040
994
1272
1
1
,
;
■*
*
1272
Ji83
1363
_Jun 1
1272
i__.——May 15
May 10
*
996
due
1951
preferred stock—
v.;
.
■
1959——
I11 order
to carry
out the plan,
requested to
transmit immediately
the titles
which
they hold, by registered
mail or through a bank, to Mr.
Municipal Tax Base Broadened Geo. A, Laliberte, Chief Auditor,
—Officials of the Association of Quebec
Municipal
Commission,
Washington Cities, who lobbied Parliament Buildings, Que. In exr
for the program, said they con¬ change, they will receive the set¬
sider the results particularly note¬ tlement to
which they are en^-
_______Aug
due 1954—
1961
administrative
pro¬
inden¬
to
to
Company
Minn.
May
due
trust
amount will be deducted from the
gross
bonds, dated Jan. 1,1937..May
1st
gasoline
creditors
are
v:,;
Company and Issue—
Service
Public
Co.
of
,
New
.V;
Page
Date
Hampshire—
1364
series C, due 1960
May 3
series D, due 1960
May 3
series E, due 1961————May 3
series F, due 1966-.———May 3
P&£et Sound Power & Light Co.—
■
-v.;-...
; v'
1st & ref. mtge. 5%
bonds, series C, due 1950--—--May 10
1st & ref. mtge. 5/2%
bonds, series A, due 1949——Jun , 1
1st & ref. mtge. VA.r/r bonds, series D. due 1950—-Jun
2
Radio Corp. of America, "B" preferred stock———July
1
Republic Steel Corp., purchase money 1st mtge. conv.
5/2% bonds, due 1954——
—
—May 1
1st
mtge. 33A% bonds,
1st mtge. 3% '/'<> bonds,
1st mtge. 3J/2 'k bonds,
t-t mtge. 3/4% bonds,
St.
1364
1364
''
.
1364
1364
1364
1366
_■
1276
Louis, Rocky Mountain & Pacific Co.—
*
Apr 30
San Jose Water Works 1st mtge. 3% bonds. d"e 1961—Jun
1
Shawinigan Water & Power Co., 1st mtge. & collat. trust
sinking fund 4 'k bonds, series F, due 1961————Oct
1
due
5s,
1955
—
Shreveport Rys.—
Gen. mtge. 4fc income bonds, dated 1937
Simmons Co., 4%
debentures, due 1952——
Studebaker
Corp.,
debentures——j-
127b
,
1
——May
-May 15
—Apr 30
United Grain Growers Ltd.—
.
1366
99o
■
series B. due 1949——May
5 % 1st mtge. gold bonds, series A, due 1948—,-——July
4j/2% 1st mtge. bonds, series C, due 1949—
—-July
Valvoline Oil Co., 15-yr. 7rA debentures, due 1947—
May
Vulcanite Portland Cement Co.—
903
903
903
1278
1
2
2
1
.
5^2%
1st
mtge. gold bonds,
bonds, due 1943-.——.———May 1
Rv.—
;
2nd mtge; 5'/?% bonds due 1956j——
Wilson & Co., 1st mtge. 4% bonds, series A, due 1955—May 14
Convertible 3%# debentures, due 1947
—May 14
1st
mortgage
7V2%
West Philadelphia Passenger
♦Announcement
in
this
issue,
•
tin
volume 156.
-904
;
.
-
2
:
Peabody Hotel Co.—
1361
'
864
1269
-' *
1361
314s,
Pictures, Inc.,
allo¬
plan of readjustment, to
is being distributed
England Power Co.—
mtge.
stock
equal in amount to $22.29 for each
$1,000 par value of bonds.
This
5r/r
Paramount
of
the
expenses
of the trust
liquidation and, accordingly, each
certificate
is
being charged its
pro-rata share of these expenses
1st mtge. real estate & leaserefunding bonds dated 1935___
May 1
Sugar Co., 4% sinking fund bonds, due 1957
May 4
McCrory Stores Corp., 15-yr. 3%% debs., due 1955__—May 1
Minnesota, Transfer Rv., 1st mtge. 334 bds., dated 1936 Jun
1
Monroe Coal Mining Co., 1st mtge. 6^ 25-yr. bonds__—Apr 30
Mortbon Corp. of New York—
864
shares
and
bonds, due 1947_May
series C,
of
Heretofore, cities have been re¬
participate quired to spend their own funds
showing the and wait for reimbursement after
to
1st
bonds,
allocation
—
Manati
mtge.
direct
tax moneys.
holder
Majestic Hotel Co.,. Inc.,
tr.
v
model
Cheyenne, Wyo.
by the Bondholders' Protective
Bond Election
City Clerk J.
Committee.
It is necessary, how¬
K. Stoddard reports that the is¬
ever, that the committee be reim¬
bursed for the money it has ad¬ suance of not to exceed $70,000
fire station and equipment bonds
vanced to pay the trust charges
Lehigh Valley Coal Co.—;
■
v.
1st and ref. mtge. 5% bonds, due 1944__
Aug
Litchfield & Madison. Ry., 1st mtge. 5s, due 1959——May
Macy (R. H.) & Co., Inc., 2Va % debentures, due 1952_—May
Collateral
for
common
allocated
cated, in accordance with the
v
series A 4Vi%- bonds, due
in¬
trust
duly
A statement
May 10
Kentucky Hotel, Inc., gen. mtge. 6% bonds—.—
Lealdo Corp. coupon notes, due 1944————
New
,
'
been
therein.
mtge. bonds, series A, due 1954—____May
*, Gen. mtge. bonds, series B. due 1954-—
May
.
1176
.
6f/<
..
stock
deposit
Gen.
Jamestown Telephone Co.— .•
1st mtge. 5% bonds, series A,
1st mtge. 6s, due 1951— May 10
.
mtge.
degrees,
and credited to the certificates of
Date
Gb^pr,. 4.V4preference. stock
Inc.,
A
marked
worthy.
;
Round Rock
completion
•
line tax
date called.
TEXAS
on
the
Lumber^Company
stock
on or
June
Holders." of the above-numbered
and
a
Company, Kansas City, Mo.,as achieved, the cities also scored in
trustee, was liquidated as of Dec. other phases of their legislative
12, 1942, and the proceeds re¬ program, the outstanding success
ceived from the sale of the Long- being passage of a bill providing
a
1, 1945.
Notice of
call to be given not less than 30
days nor more than 60 days prior
to
been widened to
they said.
se¬
inter¬
Of redemption
premium of 4% if redeemed
before
under
Kankakee Water Co.—
1266
1
6
30-yr. 5%
'
hold
Ltd.—
bonds, ser. A, due 1957—May 1
Ellicott Square Co., 1st mtge. 5% bonds.——.——May 1
Fairmount Parle Transit Co.-Fairmount Park Transportation Co.
1st 5s, due 1957—„
—-——May 3
Federal Water-& Gas Corp.—,
;
.
:
.
•
.
51/2 % gold debentures. due 1954—
.—...
__May ,t
Great
to
Indiana Limestone Corp, prior lien 6%
*
___Aor 20
—>—
& Terminal Co.,
collat. trust
the
Independent Refining Co.—
■
Economic Investment Trust,
1st
1.
are
ordinance concerning
denture are being advised that admissions taxes is being drafted
the trust created for the benefit and will be sent all municipalities
of bonds of the City of Long- to serve as a pattern in preparing
view, Wash., Local Improvement their own admissions tax ordi¬
The legislation enacted
Districts, under the stock trust in¬ nances.
denture dated Nov. 30, 1935, be¬ includes no ceiling on the tax that
tween
the
Long-Bell
Lumber may be imposed.
With the financial objectives
Company and the Commerce Trust
cured
"
1236
notes————May 17
Chesebrough Bid, Co., 25-yr. 6% 1st mtge. clfs., due
Corp.,
1953.
bonds called in inverse numerical
Higgins Industries,
*
1
coll. trust bonds due 1950—May
.
1,
Company and Issue—
Heyden
Page
1934-_j._i._May 31
Chesapeake & Ohio Ry.—
Ref. Si improv. mtge. 3'/2% bonds,, series D, due 1996..May
1945
Of
Leeds & Lippincott Co., V/z%
Central Maine Power Co., 1st & gen. mtge.
April
bonds, the town
reserves
the
right to call the
above bonds on any interest pay¬
ment
date
prior
to
maturity,
of
tenders
bonds of
of
Caibarien-Remedios Water Works Co,, 1st 6s, due 1945—Jun
Apartment
face
said
of
amount
1265
due
June
on
the event tenders in
In
•
trust
on
Dated June 1, 1939.
Due June
1, 1958 and 1959. As provided in
a suf¬
bonds,.at.
an interest yield basis to the com¬
mission of 3%%, or more, are not
submitted, the sinking fund com¬
:
ficient
1266
' *
1360
City
Due
terest ceases
1
Central States* Edison, Inc.,
1943.
Liq¬
certificates
of
deposit for bonds that
was
bonds
1
collateral
(P. O. Jackson),
Tenn. V'/
V;V
;-;v
of
1st Si ref. mtge. '5% bonds, series A, due June 1, 1950—Jun
bonds, series A, dated
3-yr.
date called.
on
Madison County
Bondholders
District
uidated—Holders
for the purpose
Electric Co., 1st 5s, due 1946 May
Corp.,
In¬
ment
of
Buffalo Creek RR. 1st mtge. 33/4S, ser. A, due 1965—May
Byrndun
ceases
problems, but the mu¬
nicipal tax base has been perma¬
nently broadened and local au¬
thority needed to meet new and
increasing
responsibilities
has
Longview, Wash.
Houston Electric Co.—,
—
Baltimore County Water &
July 1, 1960.
on
Fund
Commis¬
premium due thereon, will, when
sinking fund
presented, be paid in accordance
of purchasing said
with the terms of the bonds. In¬
of $88,300.
Date
Co.—;
wartime
WASHINGTON
sioners have in the
Corp.—
1953
Due
est
'
.
Utilities Service
being called
are
payment on July 1, at the
Erwin National Bank. Dated July
order
TENNESSEE.
preferred and common stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
5%
Recorder
for
Hydraulic-Press
American
Town
—
Ward A. Meyerhoeffer states that
•
Notices
and Issue—?
Call
■
Below will be found a list of corporate bonds, notes,
British & Continental
purchased, pay¬
Sinking Fund Com¬
V.:
■
the
to
or
the
-
Company
company
of the face amount of the
'
* •'
1,
Redemption Calls and Sinking Fund
American.
trust
or
the proposal to au¬
No sale will be made at less than
Santee-Cooper Au¬
par.
thority to purchase two privatelyowned utilities in this vicinity byz
Pulaski, Tenn.
continuing the bill until next year.
Bond Call — Acting City Re¬
The Authority had sought legis¬ corder
Evelyn T. Rainey states
lative approval for the expendi-' that 2%% semi-ann. electric sys¬
ture of about $40,000,000 for the tem revenue
bonds, Series A, Nos.
properties of the Lexington Water 120 to 111, are called for pay¬
thorize
Dis¬
trict, which shall be determined
by
deducting
from
the
total
amount of interest to be paid on
account of such bonds during the
life
bank
bonds tendered
con¬
for this year
settle¬
denominations of $1,000,
in
ment
the
at
porated
Bond Offering — County Judge
August Wilde states that he will
Offer for sale at public auction
South Carolina Public Service A u-j on. April 27, at 2 p.m., an issue
thority (P. O. Charleston), S. C. of $25,000 airport bonds. Interest
rate is not to exceed 3%, payable
Utility Purchase Proposal' Dies'
A-O.: Denom. $1,000. Dated April
—The State Senate has nullified"
the
Philadelphia National Bank, fis¬
cal agent of the District, will be
delivered
Tenders shall be accompanied by
check upon any incor¬
certified
for 1%
Cities will not only be provided
funds to meet emergency
with
Trust For Benefit Of Improve¬
«
be pay¬
It 4s said that these bonds may
be offered for sale about May 1.
accepted.
are
SOUTH CAROLINA
par
any
/.
r
Halsey,
Stuart & Co., Inc., of New
York, of $100,000 2V2 % semi-ann.
funding bonds for general in¬
vestment—v.
157, p. 1324—it is
stated
by the Town Treasurer
that Bond, Judge & Co., of Bos¬
ton, were the original purchasers,
at par.
Due $10,000 from March
16, 1953, to 1962, incl.
"v !;; i
no
levied
Johnston, R. I.
nection with the offering by
Bids must be for not less than the
under
for
check
certified
Additional Information—In
bid combining two
different rates will be considered.
after
purchaser to the return .of the
deposited with the bid.
a
livered, if tenders
entitle
'
entire
rate of in¬
the interest thereon will
from his
terms • of
and
sale
of
able
set
value of the bonds and ac¬
crued interest.
Said bonds and
desire,
so
and place said bonds will be de¬
missioners.
the
one
stipulate, if they
may
$100,000, payable to the District.
Bids will
for
on
or
purchaser
under<. the
contract
Enclose
Rate of interest to be in
multiples of Vs of 1%.
class
a
amount
series will be
hereinbefore
,
obligations
interchangeable from coupon to
form, or from regis¬
tered to coupon form and will
also be interchangeable as to the
denominations
of
relieve, the
registered
forth,
interest
the
tax
character, that their tenders are for the pur¬
which includes these bonds, will chase of all or none of the bonds
at the election of the purchaser,, tendered, and shall state the time
Offering—Add B. Ander¬
son, Secretary of Board of Pub¬
lic Education, will receive sealed
bids until 10:30 a.m. (EWT) on
April 30 for the purchase of $5,000.000 / not to exceed IV2 % in¬
terest
refunding
bonds.
Dated
May 1/ 1943.
Denoms, $1,000, or
at purchaser's request, in amounts
of $10,000 or $100,000, or both.
Interest M-N.
Due $250,000 May
1, 1944, to 1963.
The bonds will
be in coupon form registerable as
to principal only, or in fully regis¬
tered
form, as requested, and
bonds of the
income
bonds
Bond
,
2nd mtge. & collat. tr. 5% bonds, due 1944—j—May
1
Pennsylvania Water & Power Co.
Ref. mtge. & coilat. tr. bonds, 3 V4% series, due 1970—May
1
Philadelphia Transportation Co.—
V
3%-6% consolidated mortgage bonds
——Jun 15
Philip Morris & Co* Ltd., Inc.—
20-yr. 3% debs.,, due 1962;
—May 1
Phoenix Securities-Corp^ $3 con v.-pfd. stock, ser. A_v_May 8
.
Pot^^re $ugar Cq,^, U(/c .pre$errked
1364
i
1088
1274
<
'(.U86
grouped in two separate tables. In the
bring, together all the dividends announced the
Then we follow with a second table irt
Dividends
first
..
?5,
DIVIDENDS
1274
we
are
current .week.,
^whiclFwe. showft)ie tJUvjd^nds pr^iq^sly, annpi^rjicetj, but
THE COMMERCIAL & FINANCIAL. CHRONICLE
1414
'
.which have not yet
been paid.,, Further details and rec¬
.
under the company name in our "General Corporation
and Investment News
•
Lanston Monotype
American
Inc.
Pavable
ihart
name of Company
Laboratories.
7-
15c
V----'
(quar.)-
1
Lionel
6-15
4-15
15C
6-30
5-14
4-14
Vk
'
62i/2C
5-14
5-
5"
4-20
5-
30c
Maiden
5-
1
;
15c
5-15
4-17
Class A
;
Class
,
6 V
,
10c
5-15
4-17
19 1/lOc
Extra'
4-16
3-23
v
for ordinary registered
Dep. Rec,;
AtiaiHic
Macaruin
Atlantic
Rayon
$1
of
Toronto
Best & Co., Inc.
(quar.),,.
—
M2Vs
.
5-15'
4-
4-17
5-15
5-
25c
—
6'A
preierred
1
1
3
5-
1
(quar.)
,/,xx;./
•
5-1
[1%
4-21
5-
15c
4-15
1
shock
for eacn 20 snares held)
Class A participating
preferred
Participating
..
2nu
preierred
$2Vi
4-24
$1 Va
25c
5-15
5-1
4-15
iioc
15c
common
5'/<■ preierred (quar.)
4-17
5-
4-20
$1.25
—
5-
12'L»C
tquar.),x-,_,_.,/2,'
Celotex Corp.,
5-
5-
Pinchin
4-20
4-17,
$6 preferred
Store
$1.50
(quar.)
Investment
Corp.—
5-1
5-
4-16
$6Vi preferred (quar.)/,./.:/,/:/xJ/x//,'' $1.62-,,2
25c
Champion Paper & Fibre, commoii..,.,xxi,
•
I
preferred
6'/<>
x__,_'-xJ_
(quar.)
5-
1
$3c
5-1
4-15
4-
Common
prior, preferred
Consolida ted Rendering
Consolidated Retail
Co. x
Stores,
5-15
(initial)
Corp.—
$2
4-19
4-12
5-15
5-
Consumers Glass
5-31
' (accum. i
Dallas Power & Light
6-1
6-
1
5-19
$6
5-1
4-24
1
4-24
4-17
-
7'<•
5-
$1.50
5-1
(quar.)—j—
preierred
tquar.),,
$1.75
5-
•Dallas Railway & Terminal
7"v. 'preferred
,
1
4rl7
1
4-21
Co.—
$1.75
(quar.
Detroit Gasket
&
Shares
Dixie-Vortex
'"•
5-15
•
15c
ii. t25c
4-15
5-1
10c
5-
1
5-
$1
1
4-30
4-21*
4-21"
4-16
6-1
5-15
5-
1
55-
Watch
''b'r
preferred
Ha verhill
,
4-20
4-26
5-15
(quar.),„,"
C.t
6-
1
4-14
$6
partic. pfd; (quar.X,-,
partic. preferred (quar.;.x\
5-
5*18
4-
8
4*20
3-31
3-20
5-28
5*
4-1
3-20
50c
5-15
5-
.1,
5-15
5-
1 =
7
6-1
5-14
6-1
5-14
30c
5-1
$1 Va
5-
convertible
(quar.)
3-19
4-20
4-10
5-15
5-
5
75c
5-15
5-
5
75c
4-15
4-9
b(}
7-
4-16r
50c
8
3-29
■
5-
4;58 ''bC
7-
6-15
1
Dorn
Iron Works,/,,,/,,
Detinning Co, common
4
preferred
iquar/i-x^,_,_,,_,lx-l.,-lv
.6-21
7-20
5-
5Va 4
1
}$5
<accum.
5-
10-20
1
10-9
6-15
5-14
•
••
6-15
convertible preferred (quar.).$1.3.7Va
Whiting Corp.
V
.
4-15.
4-15 '■
4-1
"
4-24'
i
5r l
4-24.
4-15
4-5
7-
.
Wilsil,
6-, 1
Ltd. (quar.)
.1
$25c •
Winters & Crampton Corp.—
tiJ
/.
$75 convertible preferred (quar.)" : 18:iiC
5rl5*
4-30
Woqlwort.h (F, W.) Co. (quar.),.,,,,...,,.
4.
Yuba Consolidated Gold Fields,.,.,.—,
6-1.
4-20
5-.1
:4-14.
1
4-15
1
4-15'
5-
1
4-15
5c
.
4-15
5-1
,40c
$2%
5-10
4-23
62VaC
5-1
convertible preferred A
t$5
(accum.i
Quarterly
l$lVa';
Institutional Securities,
Aviation
group
'/
/
conv.
Below
Royalty Co, (s-a 1,4
Kearney & Trecker Corp. (quar.),L_
50c
1 Va C
„
Kcith-Albee-Orpheum Corp, com. (increased)
7'/
convertible preferred iquar.)
Kendall Co, $6 partic. pfd. iquar.),,
Participating
common,.;.,,1,,:,,
(Emil D.)
& Co,
preierred
(quar.).,..
75c
•
50c
we
give the dividends announced In previous
6-1
4-30'
weeks and not yet
5-
4-20
dends
1
5-15
5-
1
4-30
4-26
$134
1-
1
& Hedges.
6-
1
(quar.)./,,
common
$2 conv, pref,
common
,
$1.90
6-
1
25C
7-
1
6-21
APW
62taC
5-
1
4-20
Abraham
5-10
Name of Company
Properties class B_,—
&
Straus,
Inc.
(irregular),.
■
thare
30c
.
When
Noldert
Payable
of Red,
10*
1
4-24
•
4-2L
4-21
4*15,,
5-
4-10
1
1 6- 8
5-14
6-1
4-30
5-:.!'
4-15;
6-30
6*30
r';
50C
$1'
(quar. 1
$3c
6-10
5-
25c
•
.
4-24
4-14
'/ 5-
/"/ ,25c:
iquar.i
'
class A
1
5-1
20c
4-24
4-14
5-
3-31
4-15
Boston
$6 2nd pfd.
Personal
1
_
6
$1
4-30
4-15
62v2c
Co.
Fund,
7
4-15,
$1.75
Lncx———
1 quar.)__
4-30
4-15
$20.26
4-20
4-10.
50c
5-1
4-10/
16c
5-20
4-30h
_v
(accum. i
/
(quar.
(quar,;,:./:/4-V—;
Inc.
'/•'
16c
4-20
3-31'
Light & Power; (interim;/.
(Vancouver; (interim)/
; /
$75c:
6-15
4-27;
$50c
5-20
4-20
$10c
Traction
Brazilian
<quar.),///
5-20
4-20
1
4-16
Property Trust
Brewers & Distillers
British Columbia Telephone—
^/V/'/;/'/^
.
6/ 2nd preferred (quar.;_$,,c/i/:'_/lx,w;
-Brooklyn Union' Gas:_,-,//„,
Broulan Porcupine Mines, ;Ltd.x-/^,:/x::/::
Bullock's.
Inc.
(Los
5/
Ang.i
pfd.
:$$lVa
5-.1
4-
$3C
5-31
4-30
5-
1
4-12
6-
1
5-5
;
./
(quar.)/
5-
,25c
i;
•
$1V4
Butler
Brothers, common///,,
/;/ i5c
5rit convertible 'preferred (quar.)/./x/l/
37 Vic
Byers (A. M.) Co, 7r'<, pfd! (representing the
quarterly dividend of $1.75 due Nov. 1,
y:. 1942 and- interest: thereon)-- $1.7938
Cable & Wireless (Holding), Ltd. Am; Dep.
Red. for 5 Va /
preferred/is-ai
Caldwell
$1.50
Linen
1st
Ltd.—- V
Mills.
Packing,
5%' preferred
5-
1
5-5
4-16
•
:
;;
/
5-15
4-16
$37c
5-1
3-31
/.
preferred
(quar.;
v
80c 2nd partic. preferred < quar/1://///,/
Calgary Power/ Ltd, 6'( pfd. (quar.i,.
California Electric Power, $3 pfd. (quar.),,
California
'/6-/.'l':;'
5
2%/,
"
$'20c
5-1
3-31
tsrvi
75c
5-1
4-15*
Vic
5-15
4-30
5-15
4-30
J15C
:
5-
■:
62 VaC
common
4-26
3-19
37
(quar.),
(quar.i
Canada
Northern Power, common (quar.i
Canadian Bakeries, 5/ partic, pfd. (quar.i,
Canadian Bank of Commerce (quar.
4-10
1
$81V4
6-
1
4-30
$$1-Va.
5-
1.
3-31
$85c
/ 7-
Canadian Breweries, Ltd.—. /
$3.40
convertible
Canadian
5/
preferred
Bronze, Ltd.,
(quar.
common
$37 Vic
$$lVi
(quar.)/,/:.
(quar.)w„,,,x/—/w/J—
preferred
Canadian Dredge & Dock (resumed).
Canadian Foreign Investment (interim
Canadian
..."
.Class
Industries, Ltd,
class
A
Cauadian
Insurance
Ordinary
Shares.
shares
Oil
Cerro de Pasco
$$1V4
4-30
3-31
$$1
5-11
.
1
,V 1
4-15'
6-
X
4-15'
5-15
4-30"
$1.25
4-20
4-iO
$1.25
'
5~.l
4-9
$ lVi
5-1
;
/
.......
5-20
5*
4-16
$1
37 Vic
-
1
I
•
"""
6-199*20
7-15
6-16
25c
JO-15
9-15
25c
6- .1
$1V4
•
^
(quar.i,.
6-30
9-30
25c
I_.
6-1
Orleans St Texas Pacific Ry.-
3-31'
5%
preferred
(quar.)
5% preferred
(quar.)
4-15:
6-1
37 he
(quar.)
Chicago Yellow Cab Co, Inc.
4-14
4-15
5-
$ 134
.'•/"■•
$3.Va convertible preferred (quar.
$1)2 convertible preferred.(quar.).
preferred
,
$134
Co.
'
$4c
.$25C
Cjopper/xx._
5%
4-30
•' 4-1 A'
$4c
:
•
5-
"'
Ltd.
■'
'
1
:'
Chain Store Products,
Cincinnati New
•
.'$4c.
Co._:_,/;_x/xx.£x.__
Oil
4-1
3-31
(quar.)
Cotton
1
4-
•v
5/ preferred (quar.uZ...a.
Central Power & Light, 6/ pfd. (quar.):/..
preferred
5-
4-30
>
(quar.)/.,.:/
Carolina Clinch field & Ohio Ry. Co. (quar.i.
Central New York Power Corp.—
7.'si--
4- 9*
5-1
_//./;'
..._//•/_•_, //-_
Co.'s,
1
Ltd.— /
—
;/•• Special /shares.
Canadian Marconi
Canadian
Ltd.
5-15
4- 9
5-
.$$1
•
Canadian Investment Fund,
1
5-1
$70c
$$l»/4
(quar.i.
B (quar.
(quar.)_.„,
'
50c
4-15/
1
.
(quar. i
Brothers,
Quarterly.^.,/
Per.,
■.
5-15
5-
Corp, 5'A. preferred < quar,)„,
$82 VaC
Airplane Coi/t/;.::x/:/:4':,/xV:V/~-': //;. $i
Boston Edison
1
4-15
6-1
30c
-
Booth Fisheries,
.
■
4-
4-19
4-30
12 Vic
(quar.
National Bank (Bklyn.i
preferred'
1
4-30
25c
,
"
.
5-
5-1
'/:/ i5c
;
'•
5-10
4-20
1:25c
Electric Co,
Chickasha
preceding table*
4-5
5-1
75c
.
River
Boston
announced this
6-15
$l*.a
paid. The- list does not include divi¬
week, these being; given in the
1
5-1
$1
$1V'4'
•
(qiiar.,_s,/,/
Century Ribbon Mills, 7'k pfd1. (quar.
Ltd.—
shares,__
Johnson Ranch
Klein
-
11-
62%e
pfd, (quar.)
conv.
*
G't
8-2
62 *//C
(quar.)
4%'
4-
'
"•
20c
5-14
*
5-41
,
5.
5-
'••'« I
7-10
r
4-12
(quar.;,,,
Bon Ami Co,
9-10.
$1 " /•5-
.pr^or lien (quar.i,..;
*
6-10
9*20
;$1^4
;
5-25
6-JO
>■ r 50c
$1V2'V v$.VVaV'
>/
Common
4-30
5-1
4-27
'5-15
.6-1
l;; 58.he
4-15
i'
6-1
(Us/:/-
(s-a
••/. Class • B. (quar. 1
1
4-15.
1
4-10
5-
Boeing
•?
5-
.
9
4-12
Blue Ribbon
5-22"
.
preferred
preference
Bloomingdale
1
•
Van
X"1' $7
4-8
6-r
A
Birtman
4-20
5-
4-
1./
4-20
$1 Vsr
Mines,: Ltd. (Interim)—
Birdsboro Steel Foundry & Machine ,,/.:,,,
'y/;v
(monthly) 1,4x4.4414--
prior preferred imonthly 1
■-;44
3-17
6-
$134
Benson
Berens
4 >, 4-20
5-15
$1
1
.
25c
(final),
preferred
preferred
4
1
4-15
5-
;" $1 Va "
Oil/ Co.
Bensonhurst
4-20
.
5-15
: 74
preferred (quar.)...,
> $1%
.
Walker (H.i Gooderham & Worts. Ltd. (quar.)
4 $$1 4
$1 preferred (quar.i; $25c /
West Point Mfg. Co. iquari.)_,x,^_/,;.x.,:_'.'.'4'.,490C';:'
Western Breweries,'' Ltd.xll,,/!!$15e";
Wheeling & Lake Erie Ry. Co.-—
'
4-15
"Class
4-20
4-30
12%c
(quar.),.,,—
prior preferred
74'
3-19
3-31
12>/ac
(quar. i,
Quarterly
1st
Vulcan
"
6',r
1
'5-1'
•
(quar.)
Bathurst Power & Paper Co, "Ltd.—
4-20
.
4-15
1
3-31
6 2 Vac
Independent Pneumatic Tool
International Harvester* 7 '(• pfd, (quar.)
International Metal( Industries—
•
5-
.
■
preferred (quar.)
Hutchins Investing Corp, $7 pfd. (accum.
Imperial Chemical Industries, Ltd.'—
shares
5-1
25c
$3 convertible
Ordinary
,5-
4-21
'
Barnsdall
4-20
44; 74 prior preferred (monthly)58%c
5*: 1 V 4-15
6.364
prior preferred (monthly)
,.-1,4
:
53c
6-41
6.364
5-35/
prior preferred (monthly)
53c ,
7-1
6-15
6.364 prior preferred (monthly)
53c
'
4-15
5- 1
6 4 prior_preferrcd (monthly)
50e 4
5-15.
6-1
G4
prior preferred (monthly,1 /■,/:' 50c
'•'7-V14 ; 6-15
;."•
64 prior preferred imonthlyi50c
4 6-21
United New Jersey RR. & Carial Co. (quar.i i ■
$2.50 4 / 7-10
V 6-15
6- 1
U. S. Potash Co.. 6 4 preferred fquarli xlv/v
$1.50"
4-15
$1/4
■.
•
:
;
RR.—
Bangor Hydro-Electric,
4-20
;
prior
Baldwin Rubber Co.
4-23
v
4-20
45c
.Light & Power, common (monthly)
$6 preferred
(quar.)^
,,,.1.
7t;. preferred (quar.)',.xi:J„i,Jt^^'-:^,,^:,_:,",';
Houston Natural Gas, common (irregular)
5'r preferred (quar.),,—
Hub Loan, 5'< preferred (quar.),L,..„fc>x-».'„t
Peanut Co, common
.
.
5-10
r
(Tom)
-50c
.
:
.
t
Company, common
7 4.
7
5-28
83,tc
Houston
Huston
5-. 1
.
'
4-21
1
Ltd.—
(irregulari ___x,
Badger Paper Mills, 6(4 preferred (quar.i,,;
4-18
.
.
r,: 4155>c
K
31 (4C
Line
1
5-15
25c
(quar.;,//',:,/j/„'//////,/,.:.
4- 9
5-l»
$1%
Babcock & Wilcox Co.
3-29
■
v 58V',c
$i'/a >.
iquar.),,^-*^-^,,^.;(N. Y.) (quar.)—,1 '",4V/15c
7'f
$1.50
:
:
Co, 6't
non-cum.
1
$4C
<
683/,|C
.
•:
3-20
United Light & Railways
40c
(quar.)-
(A.
7
)4-
$1^
4-
*
.
6-19
6-19
•
5-
■
pfd. iquar.)://
Wiborg Proprietary-/, •;/;■':>•;/;•
*:r 5V'2preferred ,(quar.)_jV,_:,l'_;,/,':',//:"/4
t$l3«
Aviation
10c
Corp. ' (irregular
Avondale Mills, common <monthly) _:/://_,
7c
:
.■Common '.(monthly;.
7c
3-20
44' $!■%"
,;4-. 1 : • /4 50c * 4:4-28
.5-1 V
l-r';, 4 50c 1
50c: 415-41
' $1%
; i5-i
•/.■ $1%
;• 51
4-19
5-
$1%
■;
Ault &
4-30
Manufacturing
Trane
30c
:
preferred
1
6-15
30 c,
(quar.ii,-.,Jxn
('quar.X',,,,,.,^_XU'
horn
4^
4)5-20
;
4-.1
'.
$1W
-,
$2.50 prior preference /quar.;)
''"x,.;
__
4-13
20c
Thrift
& Co, common
'•i5-:i
10c
Co.—
(quar.)
:
non-cumulative
$2.50
4-20
Service
prior pfd.
(quar.)
Atlantic Refining Co,
Atlas Powder Co, 5/
-
V
(irregular)
(Geo. A.)
6-
25C
tquar.
Electrochemical
6'j'
4-20
$1.50
Bali
'Hormel
..('quar.)^x'-$-;^x^^$■^^^;/$t62%
Public
Fence, 6'(•
75c
;; / ■''V//;v':'.\/<'
$2.50 prior preference (quar.)
5-15
1
1".
Atlantic Rayon Corp.—
4-30
6-
Trade. Bank & Trust Co.
4-15
813r.C
-
-
Hoover
Bearing
4
\
preferred•• B-;(quar.1,4.,4,^*4
preferred C (qua
Stott Briquet Co, Inc.. $2 conv. pfd. (quar.i
Superior Portland Cement, Inc., class B-_„
.Taylor Milling Corp. (irregular
Texas Power & Light, $6 pfd- (quar.i
-.4 7 ','t preferred (quar. >
'Lx_'
Toledo Edison Co,, 5'/ preferred (monthly);,:
n;
6 4 preferred (monthly; _^^
T.r
preferred (monthly)
4-1
20c
pfd. class A,x
'Hooker
&
4-30
flOc
4
(quar.)
Honolulu Finance &
5-10
(accum. >
(quar.)
(s-a)//,,_._i,/,_,.,
common
preferred
5'i
5-5
.
5-
■
.
Atchison Topeka & Sante Fe Ry.
Atlantic City Electric, $6 jweferred (quar.i/
4-20
$1.;;
25c
1st preferred
Lead & Smelting Co.—
$5 convertible prior preferred (accum.)
Atlantic Coast
•4.4-20
5-15
6V
/Towle
4-26
4-15
40c
i
■•'commonu-v-fiLx,^^'::,;-
Hilton-Davis Chemical Co.
4-24
1
$5
Zinc
$1.25 preferred
; ,.4-19
,5-1
.
$13$
50c
Apponaug Co..
4-20
20c
.
•(quar.)':/':i,xJ,4/r,ix/,/'/:
Associated Telephone Co,
'
4-16
$80c
(qi.tar.),$_,x„
5c
annual),,.
(irregular i J, 1
4-20
5-
$1:,4
v:
(quar.i
Electric Co.
4-15
$1.25
(reduced quar.)
ileyden Chemical Corp, 4 litt
4-20
1
(Montreal;
3
Smelting;& Refining—. -;> ://: r
Anglo-Canadian Oil Co, Ltd. 4lnterim)_„_
Anglo-Canadian Telephone ,5 h 'A pfd. (quar.)
Applachian Electric Power-U
;
':v, 4 Va 'A
preferred(quar, 1 i:>///:////-;
4-20
;
»
6
'
• 4r20
.
.15c
.
9- 3
12-
7-
.
,
(accum.)ix
Co,
1
4- 2
_
4-19
/ 4-20
,5-. 1
5c
•>
,,
7',f
4-20
5-15
.
Hailnor Mines, Ltd.
Inc., coinuion.;—
Investors. Inc.
Springfield City Water, 7 ^ pfd. A. (quar.) 1
'.
?
4-30
_/ _______
__,„
.7- 6
4-20
'";5r ".1
6-!4*
25c
4-16
.5-1
75c
Sovereign
4-20
'
'Hamilton
25c
(stock div. ) /v;
6-25
9-25
6-15
$1.75
•
■'
1
1
$2.25
4-15,
4-20
7-
10-
4-19'
4-15
.
50c
50c
•
4-. 2'
4-20
/;
8*
4-17
4-20
•
4-14*
1/
4-20
*
/
...
1
5-1
4-23
■ v.
(quar.i
Ghz't... preferred
5-14
$i%V.
General Gas & Electric Corp.—
15-
-
5-
20c
5-
...
Southwestern
3-26
(quar. i
i
\
(
'.5-1
■■
-
4i%c
•
/, $l»/4
—
$1V»
4-23*
/'
58V;»c '•
^ ;'•'-; 50c,
8-25
11-25
5-15
:
4-21
5-15
9-1
12-1
4-20
4-12
,5- 1
$l3/4
$1%
5-15
,/ 5%
4-12
1
5-
5-25'
>
9-15
American
4-5
"
4-12.
4-10*
1 ',
6-1
5-. 1 ;/
>: 4-20
4-30
5-
$1 ;
/' $1%
12-15
Anchor Post
3-31
4-15
$212
50c
..
•
Seattle Gas,
*
RR.
;
'5-:1
4-12
5-1
50c
Amoskeag Co,
4-30
.7-15
preferred class
(8- 2; :.-.7rl5x
class B (quar,)
15c
4-15
4-9
Reserve Investing Corp, $7 pfd. (accum.),/_ //.
$1
Rheem Mfg. Co, G'/> preferred (quar.),,__,
* 37%c.;
;5- 1 ,.4-15 '
4-15
5 '<• preferred (quar.)
31 %c \ ,5- 1
4-20
Rhode Island Hospital Trust ,Co. (quar.1,1. .4:
5- 1
$20 : 5* 1
4-15.
Riverside Cement Co, $6 1st pfd, (quar.i
-^lVa
4-30
.6- 1' !
Royal Bank of Canada (Montreal) iquar.i,$$1,50
,
3-31
6-1
3-31
$1
Philadelphia (s-a) ^ C±J;i
Firestone Tire & Rubber Co., 6pfd. (quar.)
$1.50
"Foote Bros, Gear & Machine, com. (quar.),,
50c
60c convertible preferred (quar.)
15 c
:
Fulton Industrial Securities, $3 Va' pfd. (quar.)
87 V2c
Galland Mercantile Laundry Co. (quar.),u.
25c
General Cable Corp, 7'k;;pfd. (accum.i
$1:,4
General Foods Corp. :(quar.)
s-'i;
40c
$5 prior preferred
10c
5-1
/
34%c
.
$1%
>4-16
4 ;4-30
A- iquar.i'v;|;;.X45c/;x,t8.^2
Silex Co.
4-19
25c
$ 1 Va
Geijrgia RR. & Banking
;
■
Royal Trust Co.
4-20
1
$1%
of
Goshen & Decker to wn
1
37 %C
1/32
or
;
■'.
5-24
Scotten Dillon Co, (irregular)
•
(quar.)
Association
4-15
4-30
5-
$$2
Township Telephone (quarJ;
conv. pfd. (accum. i
Publishing Co. (irregular)
.Faber, Coe & Gregg. 7 V pfd. (quar. I
Fairbanks Co., common,):
•Fire
1
6-10
i
E.
(Md.)
1
5-
7-1
(quar.)
Easton
preferred
ft-15
6-
25C
'Equity Corp., $3
C'/>
5
62JL'C
A.(quar.),i,-,l,_xx:---''tim«—
.Doniinion Engineering Works, Ltd. i rcsum.
.Fidelity ft Deposit Co.
5-
5-12
1®DC
Class
•F.
5-15
30c
-;
-
cpminon,,_~,i„.;;,.,„,:.,xJ,..;
Duquesne Brewing Co. of Pitts,
5-
$2
.
Mfg., 6pfd. (quar.)
(irregular)w_x,,
Co.,
4
■
Vt/3 ?•*"!■
cash
',.■■5preferred
4-20
1
4-15
;
•-
.,
•Derby Oil & Refining Corp.—. ;
$4 convertible preierred (accum.
•Dividend
$2
;- s
4-16*
$1/75
6'(>, preferred
.
:
•'5-
25
r,; ?;
$10 : ; -5-1
G('r
4-16*
•■
4-26
$1.75
of Colorado—
Republic Investors,/Fund,
4-22*
4-26
$1
4-20
•
:
4-21
(quar. 1.____,;.
com.
1
V v. $4.50 ...preferred; t s-.a.)x4///'4//i/:/x/:x >
Anaconda Wire & Cable,/,:,,
4-30
f
(payable (n
preferred (quar.i
.'preferred''. (quar.)
7%
•
4-30
5-15
:5- 1
'..Class A''(stock'div.)'X^-xJx_U'x4i4xi,y';.'x>3%•55c convertible preferred iquar.i,,„,>,j,x44/ 133/i,c v^ jS-Vl
5-19
,,,,,,,,,,,,/;////'
Co., $6 pfd.
5-15
■
$3 preferred
4-15
5-15
.
American Viscose Corp, coinmon/x,:^//,,,
1
:/4-26
(quar.),,xWxvxrt
Republic Drill & Tool Co,
4-30'
$1
(accum.i//./:
Extra
5-20
•
5-
'$1%'"
•
stock)?
•
A
7% .preferred
•
5-
.
.
preferred
7/
,''
T :
5'<
5-5
1
6-
20c
■■::.
pfd.
6'/
5-15
50c
iquar.i'.
(quar,),,,,
Cudahy Packing Co.,
50c
(initiali;/:/
Co., Ltd.
1
6*
B
class
American
;
|V';:'5-": 1
6-
'
31V4C
'
4*26
/
.
:
;
4-16
1
4-30
Safety Razor, (irregular;,,/,,/:,,
American Seal-Kap, Corp. i (irregular 1 // >/./' m
6-15
.5-15
7%
5-12
.
3
;
(initial)
Cook Paint & Varnish Co., common
$4 preferred
'
,
.////
x,,x--._-:/-r
$1.25 convertible preferred (quar.)
6-
$1.75
—x.. J J-;,
Inc.-.;,-,:..
Consolidated Vultee Aircraft
common,
1
12 Vac
(quar,).^^,^.^^..'
.
.(quar:r__',L,i__i'i.^L,-la:..4i^
7% -preferred
5-
Light
American
4-20
o;*.r:i''*;:$l;.
:;
9-15
12-15
75c
4Quarterly..rj,x;_/,r,x/i_,/4x---x.*'-/--'''
*.
4-15
1
preferred (quar.i;.-v $TVr •'.-•' 45- 1
•5- 1
Railway & Light Securities ' Co,,;; common;V'1;:-/15c
■•5- 1
6'»
preferred class A (quar. 1
$1.'50".
5-;. 1
Randall Co, ,class A (quar. 1
50c
..5- 1
Raymond Concrete Pile Co. iquar.)..,;.^
25c.
4-22
■'
4
'■■45-15
preferred. (monthly)
(monthly 1
preferred (monthly;...
QuinCy Matket Cold Storage & Warehouse—
.
5-1
$1.62ta
1
-
tlW'o
; ,37V2C
—' - 34%c
__• •'
31 %c
.
9-30
12-31
15c
4;.' Quarterly L,-.4_,'/_tV,,//4$/i//i^X/i1xv /
American Paper Goods Co./7% pfd. (quar.)
;••:
*
6-1
;
(quar.i,,,-,
5'<
6
5*
' ' $$3
7'.r
Consolidated Cigar Corp.—
■6%V
50C
6'k ;..preferred
4-15
$2.50
.(quar,),,:.x,/__:,-;,/,/,xx/4-
Public Service Co.
•6-15
6
,,
(Phila.
4-14 ;■
87% c/
(s-a)
Ltd.—
6-15.
$13V
50c
(quar.)
&
Anierican National Bank& Tr. Co. (Mobile)
5-14
:
1
5- L
Tin
Proctor & Gamble Co.
6-12
7-1
7
4-22
6-15.
'
f$iv2. ■
50c''
(Irregular)-^2,,;$5
(/ preferred (quar.;
\ $1%
'k •.preferred (quar.)
$l3i
Provident Trust Co.
4-15 ■>
6-30
$TVa
•
:Coast ^Breweries,'-Ltd,-• 'quar.i
;Collins 'Co.
1
j
.
Co.,
9-15
12-15,
6-30
12 Vic
Envelope Co, 1<;b pfd. A (quar.),
preferred A (quar.),x/x,,,,i__/,,
preferred A (quar.
7%
4-10
75c;
Potomac Edison Co, 6
4-16
$1.75
(quar,t,„,:::/.x/_/x/xx:_'_
.xx~-i-
$7 preferred
&
Portuguese-American
'■.
5-
Power
,
7%
4-15
;
4-24
y]
Ordinary registered (final),,.
Pleasant Valley Wine Co
Central Arizona Light & Power Co.—
Chain
Johnson
9-30
12-31
$13)'
American Express Co, 5V» preferred (quar.i
American Home.Products Corp. (monthly),/
•
Patchogue-Plymouth Mills.
Peerless Casualty Co. (stock div.)
Peoples Telephope Corp. (quar.)
4-30
50c
L^LL~I-.
Corp., Ltd., com, (quar!)
1:
6-15
50c
•'•:■
American
.
2-Va'c
(accum. 1
perpetual debenture-^(s-a
Electric, 6% pfd.
4-
8-30
$1%
•
•
9
$134
Vapreferred (quar.)
5':'n
preferred (quar.i
4-24
1
6-1
•
$1.75
>
5
•14-24
(s-a;
Assn.
insurance
5-10
5-10
5-
^ ;
common
i:
1
*
50c
:; share of class B stock)
American Coal Co. of Alleghany CO.
v.-
5 -15
•-i5n 1
25c
tquar.)
4-
class
.
$2.75
x
4-24
■
6-1
.
of
2
5-1
•-'.5-. 1'
; 4-15
25c-
;
Quebec Ry„
&
3-31-
5-
Corp.—
V: $3 class A (payable in cash or 1/64 share
3-24
.5-15
.
$2VaV
•
-■
,4-20
_'_/,il',//,_v4/,'/r$i//,!/-'
preferred
non-cum.
American Cities
5--I' •' '4-20
Pacific-Gas &
.4-24
5-10
$3y2
<s-a;^—
—'•
(quar.Vv_,i.'^_,i.^- ill*.
Canadian Investors
5-10
$60
is-a;
"Byron Jackson Co.
Camuen- Fire
Ontario
•
>
,
•"
v
pfd. (quar.) ,iJX
Moffatt,& Co.—
$1.50 class; AA
(s-a)
6-
y
3-31."
50c
(irregular) _llx_i
common
;
3-26
6-12
,
40c
•:
«
Air Brake
O'COnnor,
(accum. I/,;.,.,,..',./'
Class A participating
50c
/ 75C
(irregular)
.
15c
$1%
•
Amalgamated Sugar, 5Ce preferred (quar.)
Amerada Petroleum Corp. (quar.)
American. Barge Line Co.V44
...American Can'Co.'(quar;)-J4-/'_,kr//xX//iw".
American Car Si Foundry, common.L/^i.../^,;
3-26
1
3*31
.preferred.. (quar.),i'xi-—•
5 f,v
4-20
..
5c
k.„,k_
com.
i:
1
Norwalk Tire, Si Rubber, 7V«
class A com¬
mon
and
class
A
participating,, one
share of Hat Corp. of Amer.
ciass
B
!
iJ
•
3-26
$l5/« ,•
■•
preferred (s-a 1
New York
(Stock dividend on common,
./.
/mwr
Newi Process; Co,
f
,
6-15/;
3-31;
12Vac
4
(quar,),,^,;!
Co.
4-15
/.
preferred '(quar.)
,7';r
$1%
Lead, 7%• preferred A (quar.
Neon Products of Western Canada—
■
4-i6
^4*14 V
4-16
4-30
{resumed)
-
National
6%■
4-16.
.3-31
'
12 »/2c
(quar.)
(s-a)
7 '/r preferred (quar. 1.
Iron Works, Inc.
4-21
$l1/2
•
——
Byrndum Corporation—
preferred
7V
8
4-21'
50c
•
4-
1
,5-1
j,74? preferred .(quar,),-,4,„,4V,x_„^„.u..
•;4> 7 Vc1 preferred, (qUar.)
1
(Bridgeport, Conn.) (quar.)
Bearing Metals Corp,
nvpferveri
T,■
4-23
25c
""
"
4-24
5-
80c
-/
(quar.)__„„/:____„_,_x,
National
4-21
5-
5-
tZc
&
Manufacturing
National
'
4-21
$1
.
common_x,-,_xx-I~
Bullock' Fund
1
$1.60
$1.25
preferred (quar.)
Co. (N. Y.)
(quar.)^.//.x
(liquidating) „„,x-.-
Bronxville Trust
Buchanan Realty Corp.
'
5-
(interim)
Hart,
Nashua
1
5-15
V ;7- 1
5-20",;
4-16
5-
Common''(quar.)/
4-12
i5-31
■jS; 1
of Red,
1"
$1%
j
(initial quar.)_,/__/,4/_$ll.
Aluminum Manufactures, common "(quar.)-4/ Common (quar.) '
5-14 '
Holder*
5-
$3
$5 pfd. :.(quatr.)
;;•"■■ 5& preferred
5-28
X
•
25c
30c
Allied Stores; Corp; commoiri//;.,
Aluminum .Co.-'of America-^ •••V 'n- ;.-<'• •('•»/,' j
;
•4-17
15-15'.
(irregular)
Nashau & Lowell RR.
4-15
68%c
Tool
Muskogee Co;, 6'k
8
3-30
"5*21
When-
Payable
•
]
4
$2 non-cum. cbnv. pref. (irrcg.)
Co,
'
ikare
-
IJ
Corp.-
Alaska Packers Association
7-19
'
&
Morris Plan Bank
/
4-24
4-14
31V4C
(initial)
pfd.
$1 'A
$2% preferred (quar.i
Broadway Department Store, Inc., common
Steel Casting,
7
5-15
35c
Beverly Gas & Electric (irregular;
Bucxeye
5-
6-17
•
*14-20
r
,;
preferred
Alaba'ma Eower
;
$1.50 V
•
,$3. .partic*.preferred (quar.i,,
Morris Plan Bank of'Cleveland (quai\ ) _xlx
4-23
1
40c
Bourjois, Inc.,
5'/f:
1
5-3
6-
(qtiaV.)
(s-ai_-,
$1 prior preferred,,^—^,,^Mfg. Co. (quar.)
Moody's Investors Service, Inc.—, •
4-17
6-
5-11-
'.t 5-29.
:.$3
Prior, Ltd.—
Air Investors
v
15c
15c-
•
(quar.
-
Miller
4-26
1
$2Va
(quar.;
Botany Worsted Mills,
-
1
5-
f4c
Ltd. (quar.;
_»—,,•
(liquidating) ________j/
•Authur Realty Corp.
Bank
5-
15c
(quar.;—x,x—
Corp. (irregular) „x,//v//x;;'
Aunor Gold Mines,
B
1st
25c
$$8.10
■:(quar.),x^^*:^v^i^x^Lil;'xxi;'.'''':i
Miller
Associated Electrical Industries—
(Amer.
Electric. Co.
McLennan McFeely &
4-20
-
^V20c".V
Ltd,
4-30
,••
(initial)
Madsen Red Lake Mines,
4-15
60c
$3MJ
;-i.
- ;
4
25c5-iO
,
(liquidating)
Lynchburg & Abingdon Tel.
4-19
4-30
.:x,:x-x,-.;'
City Nat'l Bank (quar. >
(N. Y.)
Appleton Co.',„,xxArgo Oil' Corp. .(3-a;
preferred
■'.Lone -Star Gas Co.
4-20
(quar.) ———
American Stove Co.
Amsterdam
6-
37V2C
1
'
5-14
6-
75c
30c
:
"•
,
:!AdamsrMiliis,'
5: -i \
Por
'
:
'4,«*••'• ■Nam:btCompdn»yy:\'. ///.j ;,.t-
,
^50'c
;5r3T;
$1~;, ..,,4-24',.
(quar,)_.™k_.^,Ui-'x-i:,,,-;v-:'.'
(quar.)
Corp.:
Corp.
Louisiana Power & Light Co, $6 pfd.
Lumberman's Insurance Co. (Phila.)
.
;
v. f
(irregular^
•
(Phila.) ,(s-a;_»J,V
Loew's London Theatres, Ltd.—
5-28
1
(initial; xl,'
Libby-Owens-Ford Glass,
of Reo.
50c
Co. (quar.)
American General Corp., common,,,
$2 preierred (quar.;,
_,_....„_x__.'
$2Va preferred (quar,;——.-.L,,—■—•
$3 preierred (quar.;
American Light & Traction Co., com. (quar.)
6'if
preierred- .'(quar./
Holder#
li•
/.*'87Vic5-20
Machine Co.
Liberty Title Si Trust Co.
Hotaere
50C
Fidelity
>.When
,
Kroger Grocery & Baking, common (qua*,1) */ .*'»•..V,vsbt'y". 6-1
6'/ 1st preierred (quar.;.,,,.....,.,.;.—$rh:- • 7- 1
7 (a> 2nd preferred (quar.)
:
* '«, $l3/4^r f8- 2
Lake Superior & Ishpeming RR. (irregular) -1 '"?> 5lic}j ;>(4^ 6
The dividends announced this week are:
Allied
•
,/•'. .;:yyyyMharey ^PfVaMe-AofReit'.
Kresge Department Stores, Inc.
declared.
When
►
Jr. pfd.' (quar.)/
•Kentucky Utilities Co,,17^
Department" in the week when
ter
!
.....
..
.Name of Company
y
in many cases are given
ord of past dividend payments
Monday, April 19, 1943
A
;
Z.III
$l'/4
$1V»
9-
1
12- 1
5-20;
5-15 •
8-16
11-15'
Volume
THE COMMERCIAL
Number 4169
157
Holder*
Per
•v
Name of Company
..,
•a'
,
•,'
....
,
When
share
.......
City National Bank & Trust Co. (Chicago)—
Payable
-
Plow
Cockshutt
Co., Ltd., conimon
Colgate-Palmolive-Peet,
25c
Lou-is)
12 MJC
7%
non-cumulative preferred (initial)——
Colorado Fuel & Iron___Z/z..ZZ/.7~-../--/
J-.'.
.
Columbia Gas &
v-
5',ii
4-20
Holly Development Co.
4-20
Holly
$1.50 partic.
6(7
pfd. 4quar.)
Consolidated
Laundries,
$7.50
Oil
Paper
35c;
$ 1 Va
—
$ 1 Va
5-1
4-15
1
5-21
$2
7-
1
6-19
10-
1
9-18
5C
50c
J':;
(N. Y.)—
\r:
tr
' » •)•:
Ltd.
Co.,
7%
preferred
Crum & Forster,
Culver &
Cuneo
Press
'.V?-V4Va'!
;■
Port
preferred
Cunningham Drug Stores, Inc.;
class A prior preference
Davidson Bros..
C'Z
Dayton
$2
•
Rubber
Mfg.,
preferred
Dennison
A
i quar.)
_
(quar.)
7 <k
•
preferred
7%... preferred
(quar.)
___
Detroit Michigan Stove,
Mines,
pominguez
Dominion
Corp.-———
Oil
Fields ■;.( monthly t
of
6'I?
10-
1
12-23
12-23
4-26
Canada
5-
Kansas-Nebraska
>'
Kennedy's,
5-
1
5-
1
5-
1
475c
■
4 37 Vic
preferred tquar.)—i
t
4-15
■■ ■
Lama que
44-|l5 '
4-15
4-30
410c
4-30
$i%
Dominion Tar & Chemical. 5Va// pfd. (quar.) :
C.
75C
Chemical Co., common iquar.).—.,
_
5-15
$1.25
5-15
7:5-
4-24
4-
•
Landis
:
9
5-
Dow
»Z__7~-v///--Z/Z7
"5 7.; preferred. < quar.
Du Ponl
de
Nemours & Co., $4.50
SI'4
pfd. (quar.)
Products, Ltd. (quar.i
Electric Bond Si Share, $5 pfd. (quar.)
$0 preferred (quar.)_1
Employers Casualty Co. (Dallas) (quar.)____
;
Quarterly —
Z7
Quarterly
Employers Group Associates (quar.)
Erie Railroad Co., $5 preferred (quar.)
V
$5
1
.
.
94,1"V
8-21
11-20 4
12-: i
20c
4-22
5-
4-15'^
10-
3C
...
1
6-30
yk SI(4
V"'V'$ 1 (4
9-30
(quar.)
v.-.
$ 1 (4
it
•
12-20
Link
Lion
12-15
Co,
Welder
&
-
1
9-11
Filene's
(Wm.)
Sons,
common
5-1
4-15
Longhorn Portland Cement—
$1,18%
preferred; (quar.)
——
20c
(Newark, N, J.).(s-a)
37 Vic
Firestone. .Tire; &, Rubber^---^---^-'-'-----,--;.)'
4-26
434
First National Bank
(quar.i
4-
7-;
1
7-
1
6-25
First
Bank
National
Fort
Pitt
Fort
Worth
Corp., 6%
Co.
City)
(quar,.)
6-30
6-23
prior pfd.
(quar.)
Canada
of
preferred
Brush
Common
■
17c'
common
class
AA
preferred
Gardner-Denver
Preferred
Gcllman
General
1
5-
5-
1
,,7-
1
iquar.i
———
A
(quar.)
9-15
4-22
3-31
5-
4-15
Baking
Co.,
General Investors
iquar.i
Corp.,
$5
pfd.
—
S'c
Maytag
4-26
,3-12
$6
Light
Gas
L.)
Co.
6
7o,
preferred
(irregular)__
17c
4-20
3-31
5-
4-
McClatchy Newspapers; 77d- preferred (quar.)
7(4 preferred (quar.)
1
4-5
7(4
4-30
4-15
McCrorv.Stores, 5(4.preferred
5-15
4-10
25c
4-20
4-10
$1.50
4-26
4-10
McMarmac
4$ 2
5-1
4-24
Mead
1
______
4-24
Lake
Johnson & Co.
■Extra
5-15
Red
Melville
Mines
(InitialT--
(quar.)
Shoe
Corp./
5-
1
4-15
5-
1
4-15
5(4
50c-
5-1
4-15
5 %
preferred
6 7o
.preferred
preferred
common
(quar.i.
——
—
preferred
5-14
35c
4-30
4-26
Mercantile
$1.50
4-20
4-
Merchants "National
6 7c •' preferred;
7(4
6
/
(quar;)
Stores/common
preferred-
(quar.)
Bank
20c
(irregular)-.—
______—
(Chicago)
(s-ar)__
5-
1
4-15
5-
1:
4-15
16 %C
5-
1
Davis
1 /
5-1
,
4-15
5-15
4-20
$1
4-29
4-22
32%c
.
7.73-/1'
40c
4-15
5-24
5-31
Woolen
Mills,
pfd.
6V2(4
Telephone,
cumulative
Penmans Ltd.,
fi
class
common
7c.. preferred
A
5-
4-30
4-14
10-
'
9
5-15
1
6-15
1
9-15
1-1-44
12-15
5-15
50c
M 35c
_________
3-31
7 6-/1','
7-
50c
:
7/ 5- 5
8-
35c
/
■
8-15
35c
11-15
11-5
2-15-44
2-5-44
-v/;: 35c
$75c
iquar.)——
iquar.)
;
50c
_____
iquar.)__„;.^_„__
6-19
4-30
5-10
$1.62 Va
:
cumulative class A (quar.)
6-30
30c
1 s-a)
iquar.)
common
6-19
10c
_______/____^./___/_
(quar.)
6-30
*
67C
&.;C0;'__/_£/_^///u;.7,_/^/__/j.//.;
(quar.)
$1.40
f $1.50
_—
•
5
5-15
4-15
5-
1
4-
6-
1
5-
,
1
Pennsylvania Electric Co.— -'
5.10(4 preferred Class A (quar.)/
Pennsylvania Power Co., $5- pfd. (quar.) /___
$1.27 Va
$1%
50c
Philadelphia Co.; common
6(4 preferred
(s-a)
Philadelphia Electric Co.,
4-17
5-
,
$1 %
(quar.)_
common
4-15
4.4(4
/
iquar.)
10c
$1 Va
'
/;- 5-'
1
1
4-15
4-20
4-10
4-26
4-
5-1
4-
1
5-
1
4-
9
5-
1
1
iquar.)_
(quar.)/_
preferred
30c
$1.10
40c
4-22
4-
50c
4-22
4-
1
50c
10-22
10-
1
common
5-
1
5-
1
4-17
455 Vac
6-
1
5-
Phillips-Jones,
5-
1
4-10
Piedmont
14c
5-10
4-20
4-19
3-15
.Semi-annually
Pittsburgh Coal.
,
4-9
1
Pittsburgh. Bessemer & Lake Erie, RR. Co.—
6-1
43 %c
9-
Philadelphia Transportation,
1
____
43 %c V" 12-1
$1%
$1 Va
./
4-20
,
1
-
com.
5-
1
4-15
$1.06 Vi'
5-
1
4-15
<accum.)____
$1%
5-
1
4-20
)__7:„__.7
50c
*
&
7(4' preferred
Northern
Ry.
iquar.
4-19
3-15
5-
1
4-16
Pittsburgh Screw & Bolt___>._—______
5-
1
4-16
Plymouth
6-
5
6-
1
Pollak
Mfg.
25c
9-
5
9-
1
Powell
Rouyn Gold Mines
6-
5
6-
1
Pi-essed
9-
5
9-1
$1
$1%
$3
6-15
6-
1
Public Service
fquar/)--^.
5-15
4-30
Common
6-20
5(4
iquar.)
_(
Indiana,
4-26
4-
4-21
3-15
4-20
3-31
9
;
4-20
3-31
.4-17
4-
7
*2c
5-15
5-
1
25c
5-15
4-15
75c
5-
6
4-
6-
1
5-15
$1.25
6-
1
5-15
5
Inc.—
;
class A
$1
25c
(interim)
America____.
ciim. pr-eferred,
5
9-15
15c
7__i
Co: of
4-
1
10c
(accum.)_
Co
of
10-
15c
pfd.
(quar.
Proprietary Mines, Ltd._l__;_,__i._______v_.___
7-
8
stock
4-20
$ 1 Mi
6(4. partic.
Cordage
Metals
$1 J/8
75c
30c
—
(quar.)_____
6-1
-
iquar. 1
30c
(quar.)///
4-17
$3 Va
Employees
(quar.)____
-
34 %C
.
$1.30 pfd.
25c
—
4-27
1 accum. 1
50o
(quar.)
4-15
75c
$1.25
.
$1.75
5'4'
Gold
5
-
4-17
43 %c
7
(quar.)
(quar.)
Porcupine Mines (quar.) _________
; McLollan Stores, 6(7; preferred (quar.)
4-21.
5-
Corp.
(initial)Participating preferred (irregular)__—
/• Participating preferred (irregular)___^___
Philip Morris & Co., Ltd.-—./ •
■■ ■/"'■'
'■;;
4V4(4 preferred, (quar.)
4\\ r!o preferred (quar.
preferred {quar.)/_-____________^A___.
Electric
1
://;
-
.
4-21
5-
•
75c
Mclntyre
4-15
$1.50
$3 V2
$1.40
5-15
1
35c
4-15
5-1
$1
'/
50c
25C
5-
"77
4-10
20c
25c
_____
5-1
440c
2
5-
$1% 7
(quar;)
1
5c
/: -$1.40 cumulative class A- iquar.
:' $1.40
cumulative class A
(quar.)_____//_
3-31
6-
50c
6c
9*
4-20
75c
(accum.
Mercantile-Acceptance Corp.' of Calif.—
Co.
(quar.)—
preferred
75e
—-
convertible preferred (quar.)——
Brothers
1st
Trust
Stores—^______
preferred:
$3
McCall. Corp. •» ('.quar .-)7a l'_'4 2
■
preferred (quar.)
(quar.)——
(irregular)-—
Harbison-Walker Refractories Co.,
Halle
Co.,
4-10
Greisedieck Western Brewery—
Si-Sj'.;,
Department
5-
5-15
iresumedi__
(quar.)
Common,
■
6-10
1
4-15
5-15
./
Pepsi-Cola Co.
1
62'/aC
5-15
5-1
77
Corp. of California—
Common
4-15
1
4-15
50c
/___/-__///^__/7,/___//^';:
Service,
4-15
1
(s-a)
Peninsular
6-19
5-
4-15
4-30
t$l%
,
(quar.
Mfg.,
3-31
12-24
7-
A
Public
Peerless
4-15
4-30
5-
$lVa
preferred iquar.)v.
4-17
9-21
'
6-15
J25e
(quar,
Parke
5-1
/,
4-15
;7(4 preferred series B (s-aJ
<fc Co.
Massachusetts' Investors
McGraw
non-cumulative
<H.
-
Castings Corp.—
(accum.)--—,
Machine Tool (irreg.
—
Gimbel Bros., $6 preferred (quar.)—.——
Gordon'& Belyea Ltd., class A com. (quar.)
Class B common
(quar.V—:
Gosnold Mills. 5'4 prior preferred (s-a):——
Gotham Hosiery Co. Inc.; ■!'.<? pfd. (quar.)__
$1%
1
;
5
Field. (Marshall)
3-31
5-
6-30
Filters, class A (quar.)
(quar.)
7(4- preferred series A
5
Marion: Steam: ShovCl,: preferred-f_d__*/__„_,
& Co.— •
4-20
50c
7 V2C
-
Products, common
11-20
1-3-44
4-15
4-15
Panhandle Producing & Refining Co
Paramount Pictures, 6(4
1st pfd. (reduced)
1
3-31
;
3-31
■
20C
Lighting
Pacolet
8-20
7-1
10-
3-31
5-25
4-30
/_
iquar.)
Pacific Portland Cement 6Vj>(4 pfd.
8-20
4-24
;
$1.62Va
4-30
^
4-20
$1%
$1.25
common
11-20
5- 1.
-
1
-
,
Preferred C (quar.),._^_,_-____i^-._-,._.,-,^__HV-
'
12-1
1
8-2
$1.31 V4
-
(qimr.)////
Co.,
Aviation
Pacific
5
May
$M4:
1
8-
$1(4-
(quar.)
9-
4-20
(quar„ -—.....„—/_
1'5'4- preferred
5-20
7'/9-.'/l7
12- 1/
5-19
5-
11-
$1 Vb
(Del.)—
common-/
Preferred
5-20
1
5-
4-10
1
1
11-
4-17
5-
6-
7.6-
8-14
See
2nd
Pacific
11-15
1
7
;
*
SIVa
4-24
$1(4
6r4
/Marshall Field
7
4-20
r
.
$1
(quar.)—
preferred
Green
1
•
.Outlet Co.,
5-1
$1 Va
5-
35c
J—
preferred (quar,),-
Giddings & Lewis
Greenfield
5r
4-
776-1
common
(quai\)
7 (4 preferred
5-25
7 37Vac
Co.
Ontario Steel
vll-24
(quar;)
1.0c
common.—--—
General Shoe Corp.—
$6
6-21
:
Shoe
preferred
Oliver United
11-24
'25c
11-15
1
Engineering
Corp, (quar.)___■________
Finance
8-25
/•/•___/_ _/n/...
(accum.)__.
preferred
Pacific
9-10
.
.
(quar. 1
Power
Clay Products
12-10
8-16
$1
4-15
5-15
50c
(accum. 1
Pacific
(quar.)
preferred
States
5-25
6-10
50c
(quar.)___
—,
6(4 preferred
Pacific
5
4-16 'v
"
■
4 -15
"
1
Corp.—
preferred
6-15
25c
1
5-
Power
7/7-;. 17 Z
7 6-21
5- 17
7' 8-25
■
5-
$1V4
50C
5-6
6-
A
(quar.)
7(4
'
7-26 '
9-10
$1%
$1V2
'
'
4-15
Northern
;
10-25
1
e-1:
6-10
25C
5-14
3-31
4-24
$1 Vt
1
3-31
1',;
V12-10
■
6-
4-26
5-
•
4-20
$ 1V4
f$lVa
5(4
25C
4-15
1
1
Okonite
$1%
1
5-
60 c
class
(accum.
Ontario
Nunn-Bush
$1.10
'
1
5-
5-
4-19
7; $1.10
(quar. j —;
5-
15c
4-26
4-20
$1.10
4-15
75c
$1.18%
'
f 12c
3
50C
4-16
Railway Co.—
Insurance
convertible
4-15
v
4-1.5
1
-
7-31
1
5-
37 %c
30C
1
8-16
5-
V
,
(quar.)—____
$1.50
5-
:50C
$ 1 V4
$l'/2
_
1
Nu-Enamel
6%. preferred
v
4-20
1
4-20
3
/7 871:7
3-31
5-
Northwest
711-
4-16
1
25c
4-15
50c
3-31
5-
common_/j.L__v___
6(4
preferred (quar.)____
Northern RR,
of New Hampshire (quar.)//
6-15)
7;, 5-15,77
■: '7 5- 1 ■
4-15
4-20
.777.___.7-
6-14
1
4-15
4-20
4-14
x2c
1
1
6-10
1
$lVa
7-23
10-20
5-
(flccum.)
preferred
River
Northern
4-15
v
7-1;
2
10-30
55C
<
3
4-24
8-
-
13 %C
(s-a)
iquar.)
(quar,
Investment
Northern Illinois Corp..
3
12-
12-11
preferred
15c
Trust .(Boston)-^—
Inc.
Motors
General Steel
1
7-
75c
■
,
.5-
25c
6-
4-21
25c
4-15
9-
.,
6%
4-15
4-20
5 Va 7
.
$1.62 V2
(quar.)
6V27c
preferred (quar.)_________________
$1.62'/a
Luzerne County Gas & Electric Corp.—
$1 31%
51/(4. preferred, iquar.
7.Lyon Metal Products. 6',4 partci. pfd. (quar.) 77 $1 Va
Magnins il.). & Co., 16';/ preferred (quar.)/!/. 77 $iv2
_
General Foods Corp., $4.50
General
1
1
60c
4--;; V7
'
1
Western
preferred
North
12-4
9-11:
,
7 4-15
55-
$1%.
(III. > —-'lA ----- -——_ :
General Electric Co.
General Mills
5-1
20c
30c
(quaiv)— ——
(quartK
Mfg.
1
15C
\
■-
(quar.)•
common
6-15
10- 1
(quar.)
Co.,
6
5
6(4
9-4
6-11
$1%
Lord & Taylor, 8 7 2nd preferred (quar.)
Louisville Gas & Elec, (Ky.)
common______
Lunkenheimer Co., 6 V2 7c. preferred (quar.)__
1
37 ViC
—
iquar.j—
Participating
3-31
7 435c
/V: $1 »/4
(quar.)_—-a-t——-
Cb.
6-
57 Vic
(quar.)
—-——-,4
Telegraph ,(s-a)a-Fjoedtert Grain & Malting, com.
$1.20
25c
25c
Franklin
Fuller
$1
—
;————
Yards Co
preferred
prior
Foundation
(Jersey
Works
Stock
Wheeler
Foster
67o
Bridge
-
,
6-
12-15
30c
participating preferred (quar.)
Participating. 4—
5
participating preferred (quar.)
Participating
5 7c participating preferred (quar.)
6-25
50c
7;
:;
;
5
&
American
4-15*
50c
Corp.,
adj. preferred
1
-
5
11-
$4
North
1
1
5-
(quar.)
1
'
5 7c
.
4-20
4-20
$2Vi
:—
Extra
.
^
(Chicago)
4-19
5-15
:
Inc.
Norfolk
5
6
6-15;
7
Loblaw
4-19
5-
8/
11-15
50c
Groceterias,
4-30
5-15
8-16
7
4-20 V
4-15
6-1
5-
preferred
-
5-
4-20
(quar).'.—/—-—-,-™^——
5-
__
4-30
;>■"
l-
Hundred
A
7-
;
RR.
5-10
Firemen's Insurance Co.
.?;.
:•
4-15 '
,
7 ;Class A
50c
Miami
4-10
4-26
4-30
1
5-
(quar.)_
4Va7b" pfd.
5-1
4-30
6-
$1
:,
4-30
25c
(quar.i——_
Class
4-
75c
77
(quar.j
(quar.)
5-25
.
■
(Ind.)
t$2
.
(irreg.t- —
35c
Department Stores com. (quar.)—",
4(4convertible preferred; (quar.)X—^.*4 $1.06(4 4
SI Ma
Fibreboard Products, 6(4 prior pfd. iquar.)_
20c
Field (Marshall) & Co. (quar.)
—
Federated
4-17
Co., special gtd. iquar.)
Special' guaranteed (quar.)
Special guaranteed (quar.)«
Original capital
(quar.)
Original capital /quar.)-^
—
Original capital (quai.)
•;
6-11
1
5-.i/'.
preferred
Light, $6- pfd.
____
45c
50c
Ltd.,'67a % pfd. (accum.)——
Machine
Federal
7-
10-
:
$2( -i
1,'/
4-10
$lV'a
Corp.,
Newberry (J. J.) Co./5(4 pfd. A (quar.)
Newberry (J. J.) Realty, 6(4 pfd. B (quar.)
Newport News Shipbuilding & Dry: Dock—
$5 convertible preferred (quar.).____—://_
;
&
5V2'/
Naugatuck Water Co/ -(irregular)
Brothers, 4%(4 preferred (quar.)___
37 VaC
Co..7_////_///_/:
Carbonic
4-15
Tea,
& Type, 5(4
Power
National
5-15
iquar.)/.
Liquid
Little
$2Vi
Federal Grain.
Match
New York Merchandise Co
National
,
5-
!
20c
Neisner
4-20 ;
35c
j ,77
4-17
$1.50
3-30
J50C
4i-7
4-17
1
50c
-
iquar.)
4-10
National Paper
;
4
62 VaC
(quar.)__
(quar.)__
6(V pfd., class B
6
5-
7
1
5-
'
4-20
35c
6
5-25
•
5-
2c
(quar.)
4-
5-
J50c
4-30
4-15
■■
35o
class A
4-10
1
J50C
1
-
7:'
-
4-
Nineteen
(quar.)____/___
:
common
National Lead,
5-
7/x 30C
Co.
s
-
-
is-a)__.-.__^_//_^v__„—_/„__;_____
B
1
$1.75
5-
5-15
50C
preferred class A vtc.•.(s-ai//-/-_v—/a
5(4
National Funding Corp.,
./■ - Class B (quar.)
7
_
11-10
1
2c
5-
$1%
1
5-
.
Products—
4-28
/
12-
2c
4-20
25c
8-10
_
Quarterly
I; National Food
:
25c
5-10
1
50c
:
(quar.;
4-30
?10c
/5c
1
9-
75o
4-30
7
4-15
6-
25c
iquar.).
Welding Machine
1
50c
(quai\),________
4-28
$1.50
.
preference
5-
4-15.
15c
'v6-V^;7'. preferred, »-('qua»;IA';.77
6-15
Fanners & Traders Life Ins, (Syracuse. N. Y.)
v
Belt
4-23
5-
>
5C
,
://; Quarterly
9-15
•
ilA
Quarterly
.
9-16/
4-16'
5-1
425c
Distillers' Products-
convertible
9-16
12-16
/
10c
common
Electric
50c ;
.
(accum;)71-1/--
McNeill & Libby__
Lincoln Nat'l. Life Insurance
Co.,
9-28
12-28
Vb
;
//-////—/4_;j,//'
____:7.;.///-//////-///v
National
$3
-
15c
,/_
(irregular)/'_-:,
City Lines, Class A iquar.)___:.__//
National
.
4-20-
15c
iquar.)
Manufacturing Co.-/-
National
5-25
$1
56 V4C
(quar.
$2C
; •
Libby
5-15
5-29
15c
iquar.)—_
Ltd—_U— i
1
preferred
Casket
4-15
(irregular)
Leitch Gold Mines, Ltd. (quar.i
/Lefner Stores Corp.:-4Vj(/ preferred
4-15
convertible
Battery Co.
4-26
7/
Lebanon Valley ,Gas &'/ preferred
Portland Cement, common
47c preferred (quar.i____
5-22
7 6(4
4-15
T5c
3-31
1
15c
pfd.
conv.
iquar.)
Quarterly
4-20
pfd. iquar.)__
Lehigh
4-16
1
6(4
preferred
National
1
< accum.)
-
Fibres
convertible
National
5-
;7:
&R.i '& Co..
Auto
6(4
4-15
$1%
IF.
$1V2
1
7/ $1%. ,7.9-15
Co., $2.50 preferred
&
(quar.)__...,
1
25C
Lazarus
$1 Va
5-
20c.
3-31
6-17
National Chemical &
9-15
:V
5-15»
4-20
of America—v";;
Co.
5-
15C
3
4-20
62 Vac
(quar.)..__.
8-10
10C
6-
lc
37»/2C
:
6-28
Chemical
preferred
preferred
11-10
$1%~
11-25 (
5-15
1
,,
5-26
8-26'
1
1
1
1
1
12-
6-
4-17
' .//-/•■
*7?e' convertible preferred
,,
$1
50C
9-
V
C-
4-12-
9-1
$1
1
1-3-44
4-14
12-
;
/ $1%
preferred
$1
'
5-10
•.
1 //
,
(quar.)
Leath
4-30
iquar.
preferred
preferred
6
6-
$1
^anstcel Metallurgical, $5 pfd, (quar.)—-A—
$5
11-
4-
2
$1.25
—
Corp.,
■'
6
l
8-
$1.25
V
V; 4-
10-
•
(quar.)v___
iquar.)_^,—;.
3-31
1
1
<quar.l__
convertible
/ 7- 1
1
4-26
3-31
5-
—
Lane Bryant, Inc.,. 17c preferred (quar.)
Langleys, Ltd., 7(4. conv. preferred (accum.)
/. 7 7o
.
1
25c
Class
preferred / quar.)
preferred (quar.)
17c
5-14
l;
-5-
25c
v
—
Players Canadian
/ 17c
3-31
,10-
(quar.)
7 7o. preferred
1
7-
10-
5-
:
5-25
Ltd'./;^A_Aiia:u7/_'4_;7'
Machine/ common
(quar.)
Common
-
5-1
1
30c
-:
—
—
preferred (s-a)
,4-
1
30c
(quar.) —i——
.
1
30C
$1.25
preferred
Famous
5-
!':''i;.:"$iVi':
■/; :: $5 preferred
7 6'f.
5-
$ 1 (4
—
Esquire, Inc. ( irregular)
Eureka Pipe Line Co——jPalstaff Brewing Corp., common
V3-31
'
_____
•J'.v-"$5
6-
425c
Eastern Steel
3-31
.
4-20
$1 Va
National
7 6-1
iquar.)
V
1
.
25c
4-15
15c
■.
3-31
5-
&
preferred
6(4
4-14
$1.06V4
Common
1
—-
;
1
1
6-
V7/75C/
:
v
4-12
$1.50
iquar.)^i_^__
6(4 preferred
(quar.)
//•"
Narragansett Electric. 4Va(4: pfd. (quaiv) __/_ ;.
4-20
,
25c
.
1
4-30
$1',/
10C /
:
6';a
5-
f37c
(quar.i;.//../___
20c
,
4-15
430c
,.
•
5'4-
1
4-
4-20
30c
Mining1 <s-a)_
Gold; Mines.
$1 Va
4-21:
4-20'
75c
lextral
Kroger Grocery & Baking— •
77o 2nd preferred ,(quar.)
1
4-
.
,
Gold Mines, Ltd. (interim).___
Keystone National Bank'(Pittsburgh) (quar;)
Kixmer Motors, Inc. (resumed
4-16
4-30
1
4-30
8IV4C
iquar.j
60c preferred
5-10
(quar.)
5-
/
"87 Vac
—_
Furnace. Co.____—
Gold
1
iquar.)
class A
Dry Goods,
(John)
Mutual
>
.
common.
4
6-
Munlsing .Paper, 5(4 1st preferred (quar.)
Murray Corp. of America____-_i__Z__~-_____
4-15
■
1
5-
$1,
(quar.),j//_/__ui_/^_-.__i^/.
Inc.
preferred
Heat & Power
.5-',, 1
•:
$1%
Kerr-Addison
7
5-
8%c
87 VaC,
Stores (quar.)_^,____
Kellogg, Switchboard & Supply, common./:.
5
7
5-10
Forging Co.—
(Wm. R.)
6(4
Kaufmann .Department
5(4 -preferred
5-10
1
Muskegon Motor Specialties,-$2 class A (quar.)
$2.95
Knudsen Creamery,
5-
1
■7: $1%,
(interim)
Natural Gas,
1
6-
—
Mountain States Power, common
Rapids RR. Co.—-
Ivokomo Water Works Co.,
25c
5-
iquar.i
preferred
4-15
420c
Dominion Oilcloth & Linoleum'(quar/Z^//!/
Extra ' ci.iL.
77.
;•
Stove &
(s-a)
$6
1
6-
82
(s-a)_
4-30
4-21
_a/___
3-19
t$2
v
1
25c
:_.
Kirkland Lake
(quar.)————
5-
10c
4('4'/?
5-
$2.25
$2.25
$4.50 pfd. A
1-3-44
4-21
$1V4
Co.,
4-15
25C
'./>" ./.7
________________
5-1
■
440c
1
—1—
••4-20
$1(4
:
■
5-
(quar.)__
;
1
5-15
$ 1 Va
/ 4-30
40c
30c
Semi-annual
4-20'
1
4-10
1
5-
$1.75
•;
4-10
6-
4-15
__
common_^___^___«
Kalamazoo
8-12
ioc
50c
.
4-16
1
Co.7/A/-.Arv^-—
Morris Plan Industrial Society (quar.V///-/ '
;■(/ Quarterly
,•
"
Quarterly
'
Mt. Diablo Oil Mining & Development Co.— :
4-13,
4-10
4-26
5-
2 Vi C
_______
(s-a)
non-cumulative
Morrell
■'
Co.—
Water
Co.,
Co.,
4-20
1
$1V3
Quarterly
4-20
/
30C
Knitting .Mills,
Tea
C
Power
Drop
Moore
-
;
(accum.)
Kalamazoo Allegan & Grand
5-5
(s-a)
1
$1.10
:Z.t Quarterly
5- 1
.
Ltd.
.
1
8-
1
3-31
(quax.—
4-10
10-
5-15
.
_
>
A 7-1
9-
Fabrics, Ltd., common (quar.)-,— .
1st cum,.redeemable preferred (quar.).
2nd cum.
1
8-16
Dominion
,
7-
50c
_
Corp.
(quar.)
preferred.,
Jewel
11-15
75c
Ltd._.__——
Bank
1
____*—// 7:
partic. pfd.
Tool
common.._
preferred
5',-.
,
5-15
12-
5-
Inland Mountain: Mines,
.
8-16
50C
57c pfd. (quar.)-—.
___
,
Dome
1
1
25C"
Distillers Corp.-Seagrams. Ltd.,
5',f pfd. (quar.) (payable in U. S. funds)
■
4-20
6-
$1%
.; ___„'_-,-_i____—
(quar.)
.
5-1
9-
4-22^
Jantzen
;
;4-20
$1%
•t-
•.
87k
■
4-17
.
12-20
5-15
4-30
5-
20C
(quar.)
Chemical
preferred
6(4
,i
12-30
•; (quar. )
Ironrite: Ironer,
.
$4
Moore
9-20
20c.
•'
_u_r
(quar.)
Montreal Light
6-21
(quar.)/
Common
,
•4-17
;.
$1%
,//
57c
preferred iquar.)
Diamond Match Co., 6%
Shoe
1
1
75c
Detroit Gasket & Mfg; Co.
Diamond
4-12
75c
;
■__
Common' (quar.)
17« preferred (quar.)
<
4-17
75c
___
Commit
'/> Common
1
:>:-V 75c
•;
$6 convertible prior preferred (quar.)____
Dentist's Supply^ common (quar.)
1
■'*
6-21
5-
•)
.5-17
9-30
,
4-20
1
Corp.—
Consolidated
preferred B
Montana
6-30
'7
preferred C; (accum.
4-15
.5-
•
4-17
1
1 $4.50
.
$1 Va
Fireipan Mfg.,: common;
1
5-
5.0c
$2
/
preferred B
5-
:; '25c
V...
~ ~- •
(quar.)
,.67c.
Iron
6-1
1
1
1
6-
'
Quarterly
preferred A- (accum. )
l '/c
't
•:51a'a
4-28
-
7 Vic
6-
90c
Ibwa:Electric:Light & Power Co.—
,
7-22
4-20
:
5-
!
—*
17c .preferred :;.(quar:
7-
$1.25
Mfg., &(/. debenture stock
5
.
*U.- preferred -*( quar. ll_. _"
4-20
■
■.$3
preferred/(quar.):
common.—ZZ/iZiZ/'i//
V
6-15
.
25c*,
com.- iquar. t
ts-aiZ_ZZ_.-Zl,7
5-
6-18
W".
5-1
$ 1 Va
.."
4-15
•
6-15
1
partic.
4-20
5-
40c
preferred (accum.)
Steel
preferred
Monsanto
/
7 5-' 1 V ,/ 4-10;
4-22
7 5- 1
.
//': ,t$2 /'
■:17i>. ■; preferred < quar.)
International! Utilities: $3 V2. prior pfd. <quar.)
Interstate Department Stores, 77c pfd. i quar.)
Interstate/Home Equipment
(liquidating)
.
4-.15/•
-
8-16
37 Vic
Davenport Water Co., 5%
•
6-30
7: /.;•
4-23
5-15
c
$2
(quar.////!_:;/_//////
6
,
4-2
v
5-10
$1%
/VvV/V/X;'
>shaTes/__w__Lw/a_UlU.4.-
International- Machine
5-17*
-
4-26
„
10c
(quar.)__—
(s-a)—__
(quar.Z»Z/_~.7;-v
common
preferred
1
1
5-15'
-
5C
43%
iquar.
8%
Clinton RR.
5-
450c
(quar.),
Crown Drug Co,,. commo«_-;__-_V-^----l--**-.' '• '■'F-h
:
4-15
4-26
6-
4-15
$1%
preferred (initial)
International Nickie uCanada)—
(IOC
40C
a
group
Interchemical Corp;,; .common.....
5-5:.
5- 1
V
t $8.75
Corrugated Paper Box, 777 pfd./(accum.)_.///
:
conv;i 1st
Aviation
-
',y*a
65c
(quar.i-.__
common
5-20
25C.':
1
7-
$1 Va
—
-'(irregular)'
$7
6-15
..
A
Monmouth
Institutionala Securities—
4-15.
4-25
25C
60c
5-
•
Class
4-15
20c
(quar.)-_iAa
.
Co.
8
1
5-5
1
$1.75
(irregular)/
Corp..(
Pressed
5-
,
iquar'.)
Sons, 8'4
Dry
Moline
3-31
5-
J50C
:
4-
(I.)
Mission
4-25
25C
Mississippi Power & Light, $6 1st pfd. (quar.)
BrpwnhoislTf
Industrial
4-15:7:;.
6-
_
Zinc
v7.i ...; $5, preferred .:.(quar.)/—
5-15
4-22
ic
/ ;,:$1%:/
.
«
5-15
$ 1 Va
Imperial- Bank-of Canada (quar./
Incorporated Investors^-/aa/Indiana Associated .Telephone—
V:4-ii5-*!7
,'V 25c
:
Seal
3
12 Vac
.
1
$1%
■/;
7 '/or preferred
•
6-
71; 15c
:
Miller
4-24/
4-17
5-15
Inc.—
Mid-Continent Petroleum
(4-20
1
25c
g
4- 5
3
5-
3-26
commoxua_Z'//7gi'Z
Corp.,
Refining,
&
,.
5-15
4-30
5-
|5C,
;
v/,;'
Hardart.'.(N,Y,)>,:< quai;-)A---7-V//^::"
Co., 6'/ preferred (quar.)__
-
^
4
30c
(quar.)
6'4 preferred .tquar.)//
Huttig Sash & Door, 7(7- preferred (quar.)l_
5-15
5-1
$1.(4
_______
pfd. (quar.)
SI
"(Joseph)
0f Rev.
25c
$1 non-cumulative prior preferred iquar.)/',
,
4-24
15c
Hummel-Ross- Fibre,
9-25
5-
5-15
30c
Bakeries,
7(4 preferred
5-15
75c
.
12-24
r
1
5-
37 Vac
—
Cork
6-
37.4 c
...
pfd,: (quar.)--
Corn Exchange Bank & Trust Co,
•••
Horn:,&
;
$ 1 Va
Horder's Inc.:
4-30;
("6-25
12-31
Royalty OU~zZZZ_Z.7.-Z///7:./Z7
Container Corp. of America____-:-_.__~_____wZ
Products
;
9-30
t $ 1 l/a
Co-;» (quar,-)•>'
8'/e>
4-15
Dew,-Ltd. .(quar.):
Honey
-
4-13'
:
6-30
niV2
Consolidated
Crown
1
5-15
mvs
7/8% preferred (quar.)
•
5-
75c '
■'
4-15
1
$2
Corp.
Consolidated Retail Stores,
Corn
5-
Illinois
iquar.ii
Consolidated
.'•»• Quarterly
-
Ilorne
(quar.)
Consolidated
Cooper-Bessemer
4-20
,*
;
Industries—
preferred class A
1
•
(quar.)
Sugar Corp. common
7'v: preferred iquar,
—
$1.50 partic. preferred class B <quar.»__:Z_
Consolidated Edison of N. Y., $5 pfd. (quar.)
1
5-1
$1.63
'
'
v
:
■
Power
5-
Hollinger Consolidated Gold Mines (monthly)
4-20
5-15
/
River
Michigan
;Home'Oil
/_///-/;:-/_/_-/■
Connecticut
4-15
>
5-15
Concord Gas (N, H.), 7 (V preferred < accum.)
Quarterly
Quarterly
1
Holders
Payable
Messenger Corp. .___/_/
5-
When
share
Name of Company
.
4-25
$1%
Co._/_J___^__r
(Charles- E.)"
5-15>;
43 %C
(quar.) ___/___Z__:7_-_/_:
Commonwealth Edison Co. (quar.)___/
_///
Consolidated Chemical
Hires
5-12
5-28
;
1
Higgjns Industries, Inc:, 6(7 cony, pfd. (quar.)
4-14;
Per
of Rec.
5-
(quar.)..._
$1 Va
SVa'/p; preferred
Quarterly
pfd.
3-31
'•
ElectrkT^/'/iZ vz';
(Ontario)
6V2%
America
Holders
Favable
68 %C
$ 1 (4
preferred 5'* series (quar.)
_Z/'_7
Columbus Foods,. 57c preferred (quar.)/-Z-/.'
Confederation Life Association
of
1415
$1.75
Light. (quar.)__—
Electric
Corp.
share
,
,
,
preferred (quar.)
(
$1(4
(quar.j—-
Cum.
Columbus & Southern Ohio
Co.,- l'/e
3-31'
4-20
25c
Electric, 6 rh pfd. A iquar.K
preference
cum.
:
.
&
Hercules Powder Co,
G7v, pfd.* (quar.)_«L
Hershey Chocolate Corp.,: common (quar.)__
$4 convertible preference <quar.)__
Hibbard, Spencer & Bartlett (monthly)
5-15
4-20
$25c
Hat
4-10'
5-15
.425C
(initial)/___:
common
1
Hartford
4-23
4-20
1
(A.)
4-15
1 ;
6-
*25C
■
(quar.)
common
Collingwood Terminal,
4-20
$1%
■
4-20
1
5-
15c
(s-ai
Coca-Cola Bottling Co. Of St. Louis (St.
5-
Name of Company,
if
.
Harris
$1
When
Per
1
of Rec.
.
Quarterly
City Title Insurance Co. (N. Y.) iquar.)
Clinchfield Coal, 7%; preferred„__„__„Z__;_7_
& FINANCIAL CHRONICLE
(quar.)
'
THE COMMERCIAL & FINANCIAL CHRONICLE
1416
Per
When
ihare
Name of Company
Payable
5% preferred (quar.)-....,—.
Corp.. of New Jersey—
\
50c
preferred (monthly)—
Puget Sound Power & Light—
$1(4
$5 prior preferred (accum.)_
—.......
$1(V
$5 prior preferred (accum.)_10c
Purcolator products, common
;
$1.12
$4.50 convertible 1st preferred (quar.)—~
$lVa
Quaker Oats, 6% preferred (quar,)..-——8c
Quarterly Income Shares (irregular)
$25c
Quebec Power Co. (quar.)
--.r----Radio Corp. of America—
87V2C
$3.50 cum. 1st preferred (quar.)---——..
$1.25
$5 cum. preierred, class B
—i-i---,.-..
20c
Railway Employees Corp.,8% pid. (quar.)„
$2(4
Rath Packing Co., 5% preferred (s-a)_~—
$2(4
5%
preferred (s-a)--——- ——r—25C
Reading Co. common (quar.l
—
50c
Reed (C. A.) $2 preferred A (accum.)
Regent Knitting Mills—
40c
$1.60 non-cum. preferred (quar.) „<
40c
$1.60 non-cum. preferred (quar.)———
40c
$1.60 non-cum. preferred (quar.)
30C
Reliance Manufacturing Co. (111.) common-..
15C
Republic Investors Fund, 6% pfd. A (quar.)
15C
6% preferred B (quar.)—
20c
Republic Natural Gas (s-aiv————
11.311/4
Revere Copper & Brass 5(4% pfd. (quar.)-$1.31(4
$1.75
7%
preferred (quar.) ——"
Reynolds (R. J.) Tobacco—
1
35c
Common
(quar. interim)-—--—-—-i--...'■'''■■'
35c
Class B
(quar. interim)—
$1
Rhode Island Public Service, class A (quar.)
Prosperity Co.,
Name of Company
of Rec.
Utica.Knitting Co., 5%
7-5
5-15
4-15
!
6%
7%
preferred
Common
•
7'/
(interim)
5-
1
4-15
5-25
■
5-
4-19
7-
7-1
4-20
3-31
5-
1
4-20
11-1
10-20
5-13
4-15
5-1
4r20
1
5-15
9-1
8-16
Canada
Power,
common
Southern
Indiana
Gas
&
Quarterly.
Stanley Works, 5 %
Stecher-Traung
5% preferred
,' 5% preferred
5% preferred
12-
1
11-15
5-
1
4-20
Weston
5-
1
4-15
Westvaco
5-
1
4-15
4-26
4-16
5-
1
4-10
5-
1
4-10
5-15
$4V2
Sewing
'■■Quarterly ■***__
*_****__*****_***__*;•*.'
.:/.i $4 conv. preference (accum.)*___*
Wilson & Co., $6 preferred (accum.)-****Wilson-Jones
10-15
1
5-
1
4-20
4-20
4-10
6-
5-20
1
6%
(quar.)
*
Electric
pfd.
6%
Power,
preferred
(quar.)
Wisconsin Public Service,
(Witi.) Jr. (monthly)
'*L*^-*__-*il_***'**_***_:*;*'*-*-**
*__*
;
(quar.)
common
nreferred
__-*___*_*_*_
4-15
Zenith Radio Corp.**
5-5
5-15
$1%
5-1
4-15
4-20
4-
$1%
5-1
5-1
3-31
5-1
3-31
•Transfer
5-
1
3-31
tOn
$3
7-
1
6-15
t Payable
12^23
12-15
5-
*
$11/2
$1
5-1
5-
1
1
7-
5-30
Less
30%
.
Jamaica
books
of
account
resident
-
7-
1
5-
50C
5-
5-1
1
4-15
7-2
6-10
4-26
3-26
5-
1
3-31
t$2
6-15
5-15
U'/aC
6-15
5-12
5-
1
4-10
37 '/2C
5-15
4-20
31V4C
6-
1
5-15
5-
6-1
5-15
5-15
4-20
$1.20
5-1
4-15
$l'/4
6-15
5-15
$l'/4
9-15
8-14
35c
7-15
7-13
$1
10-15
10-5
$1 Va
6-15
G-
$ 1 Vi
5-1
4-15
$ 1 Vb
6-15
6-
75C
4-23
4-16
1
1
15c
5-15
5-
5
60c
6-15
6-
5
31 (4c
5-15
4-30
—
$31(40;;
25C
6-16
6-30
1
in
1
$1
5-1
4-15
5-25
5-15
5-1
4-10
20c
*
5-1
4-15
37V2C
5-
4-15
6-15
6-
4-
5-
75C
9-1
$1 (4
5-1
3-17
5-15
4-15
1
4-30
5-15
4-30
5-
20c
$10c
——
90c
50c
in
not
9-
4
closed
for
funds,
resident tax,
6-
,
:
>
8
:
world.
11-15
5-15
5-10
4-10
5-15
4-15
by
r+v
•
.
15C
5-1
4-20
:
5-
1
4-20
Australia,
5-1
.4-15
Brazil,
$
683/4C
5-
1
5-
1
4-15*
5-
1
Foundry Co.—
pound**********-.
*
Leaf
Tobacco,
common
Upper Michigan Power & Light,
8-31*
12-20
11-30*
4-19
4-
9
6-28
6-14
$2
6-25
6-11
40C
6-10
5-25
$1 (4.
7-15
7-
Official
5-
*
Industrial advances
U.
Govt,
S.
8 313
-
•
"Notes
2.625
+
11,938
1,342
2,676
13,771
824
4.220
direct
,v^:
and guaranteed:
Bonds; v***.*+.*****.***i**..-':
508.861
8,400
+
984.175
+
3.500
+
291.675
997,375
+
14,000
+
997,375
2,060,367
■'*_*****;**;«._t***-*''
"■:' Certificates-
616
3,967
—
3.625
-
u**.*,-***+
securities,
+
'
^
—**i.!***.***;"
:
buis
.
+
2 662.761
+ 129.757
+ 2.652.986
6.704,678
+155.657
+4,450.897
6.730,387
+
155,139
+
2,050
Total U. S. Govt,
securities,
direct and guaranteed-—
Total bills and securities*
Due
from
Uncollected items
53 726
1,897.936
******;*****.
**l;***.*******.'"
/.'Bank: premises
39.001
Other assets. **:*^.*-«***;
Total
assets
+4,457,793
47
foreign banks**
F. R. notes of other banks***,
79,960
+
30
■
542,374
1,637
—
3,192
+
26,253
+
+ 546,877
—
35,960
+
+4,916,352'
29,496,985
+663,330
12,905,494
+
66,402
Member bank—reserve acct.*
13,143 680
+
33,524
641,708
U. 8. Treasurer—gen. accts—
'Foreign;
85.217
172,912
915,252
+
38.832
11.007
460.873
+161,910
97,612.
—
Liabilities—^
F.
R. notes in act. circulation*
•
•
+4,206,209
.Deposits:
Other
128.040
******
Total deposits >i-;**;**u.-*
Deferred
14.647.846
1,524,626
availability items^**.
accrd. divs..
Other liabs., inch
7,667
■/■,::
Total liabilities ^-*-_*_.-**.
—
149,049
+
360,177
+ 446,034
+
310.935
1,529
+
3,215
+
+
29,085,633
+663,014
146,927
21
+4,880,536
Capital Accounts-
Capital' paid in*-i**-2.-*-'^^*.-*:
(Section 7)
160.411
Surplus
Surplus
(Section
113b) **—**,
Other capital accounts-****—.
77.185
3.535
+
+ ;
48
+
295
+
29,324
a
Total liabilities & cap. accts.
Ratio of total
29,496,985
to
trial advances
+
663,330
vi ■, >,—«
4,916,352
+
to deposit &
res.
F. R. note liabilities combined
Commitments
2,909
+
26,829
make
; 75.1
'
—
,8%
15.6%;
indus¬
12,334
*-——***.
988
—
1,297
;
'
.
reserve bank to treasury under tariff act OF
1943, inclusive
•
1930
-v-,..'"
2
Free**:
'
Official—
;
April 12
$
..
April 13
April 14
April 15
"
■
%
$
!t
.297733*
.297733*
.297733*
.237044*
.237044*
.237044*
.237044*
.237044*
3.228000
3.228000
3.228000
3.228000
3.228000
.
.060586*
.060586*
,060586*
,060586*
.060586*
.051275*
,051275*
.051275*
.051275*
.051275*',
.909090
.909090
.909090
.909090
.900803
.900703
.572800*
.572800*
4.035000
4.035000
4.035000
.909090
.901250
.900703
.901250
.572800*
.572800*
.572800*
4.035000
4.035000
4.035000
.301215
.301215
.301215
.3012X5
.301215
.205725
,205725
.205725
.205725
,
.301215
.205725
,205725
.909090
pound
—:
Union of South Africa, pound*.
Uruguay, peso—
5-12
Controlled
6-26
Noncontrolled*
10-
1
9-27
•Nominal rate.
*
.90909Q
.898958
.
New Zealand,
4-16
12-27
•$
Newfoundland, dollar—
1
1-1-44
.
.901562
1
75c
.
.572800*
*
5-15
$5
April 10
York
.909090
Colombia, peso
England, pound sterling
India (British), rupee**—*****
Mexico, peso
7-
$1
.
26,545
144,391
—
.060586*
—
75C
;*
Bills discounted:
43,898
Canada, dollar-
75C
(quar.)
common
6%
preferred (quar.)—
6% preferred (quar.)——*
6% preferred (quar.)*.
.
Total reserves *L***-******-
.297733*
3.228000
;
participating conv. pfd. A (quar.)—^
preferred (quar.)
Universal
9-20
25C
—*
6.4%
$5
5-31*
30C
(resumed)—*
1st preferred
Sugar Corp.—
6-19
50c
non-cum.
States
50c
50C
8%
29,056
+
.297733*
■
United
—
199,992
+
.051275*
4-15*
■
.
20,695,928
1,537
2.436
—
cruzeiro—
4-19
25C
__
+
359,263
.237044*
,____*.
Official***—**********—
25C
U. S. Plywood Corp. (quar.)
U, S, Rubber Co., common
notes
—-
,297733*
—
Free***
■■
10c
—
4-15r1942
42,999
—
^
to april 15,
April 9
Official—
50C
—***—.:
4-7-1913
20,294,417
•42,245'
Noon Buying Rate for Cable Tra,nsfers in New
Value in United States Money
Argentina, peso-L.
.
(quar.)*
Treasury***.
cash
just passed:
federal
april 9
4-30
37c
certified
4-30
5-15
rates
4-22
25c
:
■>'
of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
Country and Monetary Unit
;
76
7-24
5-22
$1 (4
—*
96
■
York District).
4-14-1943
pother bills discounted*—•
exchange
v
11-10
8-2
SIVB
*
—
Other
deductible at the source. Non¬
2%.
a Less British income tax,
We give below a record for the week
foreign
of Missouri—
—
(New
-
Redemption fund—F. R.
tax
Pursuant to the requirements of Section 522
9-10
$5
*———**_*—»
23
Increase or Decrease Since
in New York
5-10
8-14'
20C
—
■v—^ 25
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
4-20
5-15
25c
—
■■■■•+ 300
726
(In thousands of dollars)
Assets—
^
•'
,
9,494
-
12-4
-
•
375
300
—857
8-15
25c
—
Quarterly
Quarterly
■
A'--""'y:'^
this dividend.:
dividends.
Canadian
12-15
,
8,156
41.
5,492
1,437
11 553
.**^_i.*_.
figures revised
-due from U. S.
income tax.
accumulated
tax, ,15%;
50C
+ 1,107
32,955
4-15*
1
25c
5c
30
e
—
6 /
4-20
25C
—
10
—
;
Reserve Banks Combined
S
9-15
•;
2,482
4-15
1
50c
U. S. Fire Insurance (quar.)—
U. S. Hoffman, Machinery Corp.—
5(4% convertible preferred (quar.)—*
31
*
4-15'
districts, the principal decreases being $471,000,City and $121,000,000 in the Chicago
District; the total decrease at all reporting member
banks was $857,000,000.; ■:■'
' VV ■.
Deposits credited to domestic banks increased $202,000,000 in New York City and $300,000,000 at all report¬
ing member banks, and declined $58,000,000 in the Chi¬
cago District;
-■
4-30
25c
—
week
4-1-5
:
4-30
50c
'
'ift. 4-20
1
all
000
4- .7
5-15
5-
$l'/s
(quar.)
Corps, Ltd., class A (quar.)
United Drill & Tool, class A (quar.)**
******»****___**__*-:**
Total bills discounted*
4-19
$VA
505
w
leading cities shows the following principal
changes for the week ended April 7: Increases of $156,000,000 in holdings of Treasury bills, $320,000,000 in re¬
serve balances with Federal Reserve Banks, $1,107,000,000 in demand deposits-adjusted and $300,000,000 in de¬
posits credited to domestic banks; and a decrease of
$857,000,000 in United States Government deposits.
Commercial, industrial, and agricultural loans declined
$38,000,000 in New York City, $20,000,000 in the Chicago
District, and $85,000,000 at all reporting member banks.
Holdings of Treasury bills increased $80,000,000 in the
Chicago District, $26,000,000 in the St. Louis District;;
$20,000,000 in the San Francisco District, and $156,000,000
at all reporting member banks.
Holdings of Treasury
certificates of indebtedness increased $68,000,000 in the
Chicago District and $14,000,000 at all reporting member
banks, and declined $56,000,000 in New York City.
Holdings of United States Government bonds increased
$65,000,000 in New York City and $92,000,000 at all
reporting member banks.
I1.-,
Demand deposits-adjusted
increased $681,000,000 in
the Chicago District, $215,000,000 in New York City, $72,000,000 in the Philadelphia District, $63,000,000 in the
Boston District, and $1,107,000,000 at all reporting mem¬
ber banks. United States Government deposits declined
4-20
5-25
t20c
United
:
-
banks in 101
6-22
7-1
422c
(quar.)
490
513
5-20
The condition statement of weekly reporting member
6-22
25c
749
16
+ 320
Q
5-20
Member Bank
5-24
$4C
V.i-
3.213
9,544
79
banks,
Secured by U. S, Gov't obli¬
gations. direct & guaranty
5-24
5-30
87V2C
preferred (accum.)
Machinery Co. (increased)*
(quar.)*
during
4-20»
50C
50c
;
x
4-20*
5-
'■
4-23
$1
Ray Drug Co., common..
preferred (quar.)****—i*—**—^**^**
Super Mold of California (quar.l
Symington-Gould Corp, (irregular)—
Syracuse Transit Corp,, common (irregular)
Tacony-Palmyra Bridge—
5% preferred (quar.)——**—_—.—
Talon, Inc., 4% preferred (s-a).
_4—
Teck-Hughes Gold Mines, Ltd. (interim)
Thatcher Mfg. Co., $3.60 preferred (quar.)—
Tonopah Mining (Nevada)
(irreg,)***
_*i
Trinity Universal Insurance (Dallas) (quar.)
Quarterly'
—■
Quarterly
4_
,y.<
Troy & Bennington RR. (s-a)——*,***—„
Tung-Sol Lamp Works. 80c pref. (irreg.)
:
6-15
.
4,243
demand deposit accounts except
interbank and U. S. Gov't accounts,
12-15
30c
1,855
92
4-15
H $20c. / ^:5-;l-i;':%
.
.
1
$3
23
+
'7*
,
Debits to
4-15
■
6-1
25c
Quarterly
—* ■
Quarterly
****:
;*__i***——********Quarterly1' .__*******_*_■*■*_—**i-_*__—
.
1
12-23
$iy8
+
1.947
Borrowings..
4-14
t35c
6'A
Domestic
Zion's Cooperative Mercantile Institutions—
6-1
$3
2,866
5,007
14*
•••:
deposits-adjusted **********—*_
deposits ■ ■**-**i*i**i*_*C_i'_i■ ■
!*__*
''March
$1
1
5-15
$11/2
4.220
505
8
156
+
13,913
.
*
Foreign banks .*****i^_**i*w**u_us*--*:-
•
$37'/2C '
(quar.)-—
■
4-15
4-30
$1(4
•
Bi-monthly
Ltd.;
Zeller's,
'
■
(1897)
;__*_**—_*
Extra
Securities Co.—
United States Pipe &
10-15
6-
Co.-—4—44'4_4444_4'';'
U. S. Industrial Alcohol
1111-
.''25cJ';
.
7
(quar.)*
$1%
(quar.) -'*j_3_**_*-***^_***-*:**_;■
Extra; **_^_**L*__*.*i*****^i_***^****''
■
7
(quar.4
7-15
Wrigley
4-
of California
8-
4-30
4-
preferred
$1
4-30
8
Union Oil
4-15
»1%V
(quar.)*
common
V|
banks
U. S. Government deposits*
Interbank deposits:
7-15
$1
Hosiery,
Common
Time
4-15
8-
5-1
5-8
Co.
5-
5-
$iy2
5-1
5C
+
5,007
Banks***™
Demand
4-24
1
5-
Electric
1
5-
•'
1
175c
$5
4-20
4-12
5-
t75c
$4.50 preferred
37»/2C-
1
5-
preferred (quar.)—*****———*—_
Participating —****_——*„—,,
Suit
■
1
5-
50c
(interim)
4-20
5-
5-1
50c
$1V2
$1(4
371/2 C
class A preferred
Balances with domestic
5G
■.
3,911
'securities:"*i.******—_**'iL;*********;;
Liabilities— :.
$1-.
9-16
Union
Co.
5- 1
-
$$1%.
Winstead
.
12-17
4V2%
$1Va
5% pfd. (quar.) —
Wood, Alexander & James—
! ; v
2%
1st preferred (accum.) *_*_—_*_-****:
12c
(quar.)..
Other
Reserve with Federal Reserve
57
.84
29
+;
1,359
**^*i***L*^:***^*-^^^it
4-15
216
'2
83
Cash in vault-**„.___*_L-«i**^*_-*---;***'
■415c
*l*L-
.Treasury. ■ bills
207
+
I
1,160
;*___*_
4-8
V
Products—■
(quar.) i.**;.L***'****'l__*l^Sj
Machine, $2 prior preferred
15c
;
4-16
1'
1
4-30
9-30
2nd
55-
25c
;
:
■■Ui
343
banks_**__*_*********_******
4-10
J25c
t$l (4
(quar.)
4-30
12-31
$4
Chlorine
preferred
1..',
to
1,365
—
2
48
+.
carrying
or
i**^_,*;*_.***L:*_'*:*:****'*L**'ii'
■
—
'
665
Treasury certificates of indebtedness
Treasury notes
U. S.. bonds_**„***i**i.**.i*_**-*.*i;**_****
Obligations guaranteed by U. S. Government
4-16
5-16
5-16
10,763
1,946
--
85
:
215
Other. loans- __****_*_*'*i*____*:
■
8-15
8-31
$1%
$1%
5-1
5-
$ l (4
Sun Oil Co.,
5-14
$1V2
purchasing
Real estate. loans
5-15
5-29
for
.securities
5-15
$1%
preferred
White
4-26
$1(4
Sullivan
1
6-1
5-1
371/2C
(quar.)****—****—*——**;
Suburban Electric
6-
Wisconsin
7%
■.
(George) Ltd., 5%
loans
Loans
$2'/a
4-8-'42
+
21
—
5,610
•;V. 4-24
$1 (4
9,435
255
■
-
Stein '• (A.) :• &
5-10 '
4-20
(quar.)
(quar.)
$1(4
9-15
———L—*—,
(quar.)
Steel Co.' of Canada, common
4-24
$1
(quar.)
preferred (quar.)
Lithograph,
5-10
Penn Electric, 6% pfd. (quar.)
7% .preferred,(quar.)
**._**_*_*_*
Westminster Paper, Ltd.
I s-a)
Standard Wholesale Phosphate & Acid Works—
-
$1 VQ
1
4—:
Corp.
Other
10-1
—
Silica
4-15
$3.50
Spalding (A. G.) & Bros., $1.50 pfd. (irreg.)
Spiegel, Inc., $4(4 conv. preferred (quar.)***
Standard
1
■Extra
—
Squibb (E. R.) & Sons, $5 pfd. A (quar.)„_
Standard Brands, $4.50 preferred (quar.)*—
Standard Fire Insurance of N. J, (quar.)
5-
$2
(quar.)*
(Dallas)
Op'en market paper
;*
Loans to brokers and dealers in securities
+
Commercial, industrial, and agricultural
.
Common
preferred (quar.)
Railway Co. 57c non-cum. pfd.—*
non-cumulative, preferred—-——.—4.
Southwestern Life Insurance
3-31
6-15
Soutnern
5%
3-31
West
Elec.—
4.8%
4-23
4-23
$3
—_—,
Southern
$1
$4.50
9-15
•?'
pfd.
5%
4-10
1
(s-a)——
Southern California Edison Co- Ltd.
4-20
:::
t50c
(quar.)
$1%
:l-**^-*—*—i—
-) Since
3-3l-'43
'■'
41,646
7-17
Loans—total
"
6-
investments—total—
8-2
:
*u**-.
Loans and
1
4-7-'43
,
4-17
.
preferred (quar.) **_**_l**:
12-
■.
1
.,
7 %
Increase (+) or
'■■Assets—'
5-
37'/2c
;
,
Decrease (■
9-,l
37V2C
*
6-11
1
(In millions of. dollars)
37V2C
1
common-————J
preferred (quar.)
1
5-29
$1%
Southern California Water,
0%
4-20
$$l»/2
Ltd.-*-*—
Rayon Corp.,
1
12-10
7-
75c
Simpson's Ltd., 6(4% preferred (accum.) —
6(4% preferred (accum.)—_*—****—
Cisco Gold Mines, Ltd. (quar.) —-44----4V;".
Skehandoa
5-
$1.75
10-
tl5c
_*^!i_.**—-L—'
-.4^—, t$l3/4
—
Mines,
4-20
6-15
(s-a)——;
preferred "(quar.)
Silbak Premier
1
9-10
$1%
$l3/4
Sharp & Dohme, Inc., pfd. class A (quar.)—
Shawinigan Water & Power Co. (quar.) —:
Sherwin-Williams Co. (Canada)—
■
5-
$1.75
*****
$l3/4
—
1st preferred
convertible preferred
9-20
:
.'"'v';
1
6-
1
(s-a),—
—-——
V
preferred (s-a)
;
3% 2nd preferred- (s-a)—
Sanborn Map Co. (quar.)—
Scott Paper Co., $4 preferred (quar.)———
'
$4(4 preferred (quar.)—*———*
Seaboard Finance Corp., $2 preferred (quar.)
$2 convertible preferred
(quar.)
i.*— !
Shamrock Oil & Gas, 6% preferred (s-d)—
6%
10-15
"6-10
7-
2nd
3%
6-21
$1
$1.75
4-15
(quar.)—
Louis Bridge, 67k
6%
1st preferred
6-18
4-15
—-——-———,—+
St.
7-15
4-26
(resumed)
Management Corp.
—
12-24
7-1
1
Saguenay Power Co., 5(4% preferred (quar.)
St, Lawrence Flour Mills, common (quar.)—
Extra
9-21
1-3-44
1
—
Royalties
1
62'/2C
prior preferred (quar.)
prior preferred (quar.)
;
Camp Milk Co., $4 preferred (quar.)***,
Vapor Car Heating, 7% pfd. (quar.)***.
7fo preferred (quar,),
,***„*_*:
7% preferred (quar,)*_**_*»^«**_i****ii
Virginian Railway^ Q% preferred (quar.)***
6%
preferred (quar.)
*
Vulcan Detinning Co., 7% pfd. (quar.)
Wabash Railroad Co., comv (initial)********
4Vss% preferred *_***_*_*****____***___*;
Washington (D. C.) Gas Light, com. (quar.)
$4Va preferred (quar.)
$5. preferred: (quar;) *-_***i.*.*;_1„***i*-___j
Washington Railway & Electric Co.—
5%
preferred (quar.) _*_*j_****_*_*u*__*
5 % ■ preferred (s-a) *.*_**_*^L**'-*_**'i,*-^-..
Welch Grape Juice, 7% pfd. (quar.)
5-
——-—
Roos Brothers,
62 y2 O
5%
Van
$1%
,7 % ;gtd,. preferred/(s-a)
,
Participating
Richmond Insurance Co. of N. Y. (quar.) —
Rochester Button,Co.,; common (quar.)
$1(4 convertible preferred (quar.)———
Rockland Light & Power Co. (quar.)—
Rolland Paper Co., Ltd., common (quar.)
(quar.)
$6.50 preferred
6-21
5-15
.—__
preferred
10-
A summary of the principal assets and liabilities of re¬
porting member banks, and of debits, to demand deposit
accounts, follows:
Of Bee.
1
5-
Goods, 7% 1st pfd. (quar.) —
7% 1st preferred (quar.)—
—:
7% 2nd preferred (quar.)
7% 2nd preferred (quar.)
—
;—
Rich's,
Inc.
(quar.)i
Richmond, Fredericksburg &, Potomac RR.
Co., 6 %■ gtd. preferred (s-a)
Participating
■————
0%
7-
62V2C
50C
—
Rice-Stix Dry
,
When
Payable
prior pfd. (quar.)
5%
Public Service
$2 preferred (quar.)—
Holderi
Per
ihare
Holderi
7-15
$VA
Monday, April 19, 1943
.898333
.909090
.909090
.909090
.909090
'
.898125'
.898541
.898125
.8.98750'
3.244203
3.244203
•3.244203
3.244203
3.244203
3.244203'
3.980000
3.980000
3.980000
3.980000
3.980000
3.980000
.
.658300*
.658300*
.528050*
.528050*
.658300*
,
.658300*
.658300*
.658300*
.528050*
.527125*
.527225*
,527225*.
;
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157
1417
General Corporation and Investment News
RAILROAD
Alaska
Packers
Sales
(less
....
owned
subsidiary
'
etc.)
$266,562
$3,268,874
3,099,760
3,449,671
•
•
•
r.
Others
and
1941
accounts,
1940
deducted in the
$3,366,322
of
goods
$6,718,545
operating expenses,—U
2,326,828
"5,442,808
and administrative expenses._
525,987
406,500
$513,507
$869,237
154,137
443,234
$667,644
$1,312,471
265,000
285,404
sold and
Belling, general
profit
Operating
Other income^^*—
Total
income
Provision
for
estimated
for
est.
Fed,
Prov.
Federal
income
tax.. ;v
profits tax (less
$1,300)-.—
excess
refund
post-war
of
'.'V
Cash
for
v
service
Other
dividends
Research
$1,027,066
paid.
Note—Provision
Such
These
excess
for
American
Sales
&
process
not
are
1941
Years
continued
Prov.
458,194
55,228
53,336
3,632,591
841,533'.'
'5,218,908
tax...
in net Income of subs.
depreciation of plants, terminals, fleet, etc., has
been charged to operations: $370,863 in 1942 and $380,948 in 1941.
Prov.
for
4,960,056
3,844,819
and
Consolidated
*
Balance
Sheet,
31
Dec.
Assets—
Cash
1942
banks
in
S.
U.
and
handi..L_—.j*.\
on
Marketable
securities
receivable
California
t$6,766,293
t$6,629,729
$5,524,941
553,340
418,894
234,062
104,193
(13,534,792
$4,843,973
1,571,019
§4,189,390
and
repairs
16,847
of
refund
Plants, terminals,
Deferred charges
profits
excess
^
44,859
tax
637,285
does
.v'-fy 21,465
193,445
395,693
and
Provision
revenue
Reserves for
to
and
dividend
100,774
y
54,502
disburse,
dividend
302,687
advances
war
$2.44
profits taxes.!;
excess
tThe net
operations
to
convertible
required the issuance of 259,217 such shares and the payment
in cash in lieu of fractional shares.
((Includes a special
on
stock
common
stock
at
par)
($0.75
of
per
share payable in
—v.
surplus
..y—
157, P.
Consolidated
50,000
Balance
Sheet,
1942
in
Treasury notes (tax series A and B.)____
S.
Marketable
Materials,
April 2 declared
accumulated
the
amounted
stock
1942.
to
$53,725.45,
Accordingly,
ment in
full
of
stock
the
close
at
The
.
the
the
cents
of the
the
will
of dividends accumulated
ended Dec.
year
as
of
the
Dec.
Against this,
$400,053.
of
the
stockholders,
of
surplus
earned
amount of $49,137
deficit
charged, leaving
was
a
the
to
as
is
Provision for
possible
of
authorization
Dec.
1942.
31,
5%
Class
157,
of
the
Earned
of
dividend
A
cents
share
per
in
the
Paid-in
stock,
par
amount
like
was
follows:
as
the
on
Feb.
$5,
a
2 and May
p.
Other
187,505
stock
($10
12,933,830
each.—V.
cents
American,
157,
15 cents per share on the
1 to holders of record April 20.
1, last.
Payments in 1942 were
25 cents each; and Aug. 1 and Nov. 2,
/,/>■;
Continental
&
25,524,214
18,176,688
7,181,368
131,999,333
111,241,503
19,755,457
for
depreciation,
and $33,086,677
amortization
in
1941.—V.
of
and depletion
156,
;
V.:
Net
•yyyYyy
■,
Other
Sales
volume
for
(before
but net income
1941;
for
and
$14,675,302
Net
and
expenses.
11,629,577
1942
profits
were
was
$5,666,901
as
profits tax__^t^..y_.;;
adjustments
Cr233,189
$1,132,251
in each of these cases.
At the instance of
Government, trials have been postponed—perhaps until after the
guilty
relations
with foreign
subsidiaries
are
the
war.
on
a
basis, and their current earnings are transferred withoufe-diffioperating
results
for
Depreciation,
one
i:
$2,624,477
^
dividends
$3,135,495
$3,689,956
398,220
399,120
1,836,877
1,836,877
2,143,108
—
$389,380
$900,398
$1,147,818
$1,82
...
$2.24
share
per
deduction
for
398,220
.....
.
dividends
from
United
income
States
has
been
excess
made,
profits
fOn
stock.
common
$2.69
Is believed
or
tax.
to be
1,224,585
re¬
par
no
•
Balance
$5,521,766;
inventories,
Sheet*
31,
Dec.
$7,780,799;
1942
advances
in
capital
stocks
equipment,
of
of
(less
unconsolidated
allowances
$24,042,477),
subsidiaries, $14,230,214;
depreciation, depletion and
$75,111,805.
for
$10,929,572;
total,
stock
$244,409;
(1,224,585
6%
no
pfd. stock ($100 par), $6,637,000; common
shares), $38,101,775; surplus, $11,673,879; total,
517.
cum.
par
p.
American
1942
were
better
than
for
1941,
the
amounted
to
$435,370
in
on
1942
ing
depletion
charges
against
1942
the
and
its
California
ern
and Exchange Commission
corporation
company
plan to
$343,001
shares,
31
of
1941
$787,551
Stock
of
receivable—.
...
from
3,459,304
subsidiary and affili-
Patents,
"Fixed
of
patent
etc.
assets
Prepaid
profits
excess
and
95,542
not due within
of
tax
affiliated
&
233,189
companies
Foundry
licenses,
27,394
9,229.608
4,060.000
Co
163,669
163,669
development,
1
1
2,186,629
_______—
2,382,461
85,182
•
—
royalties, taxes, etc
Total
122,030
—
$13,527,529 $17,910,117
...
Liabilities—
Accounts
payable
Federal,
State
Provision
for
and accrued
and
other
retirement
Reserve
for
special
Reserve
for
post-war
Earned
fl,000,000
Co.' to
157,
$38.20.
The
submit
a
1142.
p.
value
...—
$13,527,529 $17,910,117
of $2,285,126 in
1^42
shares of no par value.—V. 156,
p.
and
$1,999,742
747,
said
13,
shares
Corp.
and
of
is
part;
In
the
V
cumulative
$3
prepared
pref¬
to
exchange these
below, for shares
Corp.
of
the
of
close
the
value
figure
by
us
three
March
on
cumulative
to
for
business
of
$3
furnished
as
31,
preference
that
shares
1943,
stock
corporation,
of
of
was
such
of
as
time
that
of
each
Share
of
The
American
Super¬
first, preferred stock was $157.07.
The total claim of
stock in case of liquidation of the corporation
would, however,
be less than this asset value figure, such claim
per
share aggregating, as of March 31, 1943, $100 plus $19.50 of
dividend arrears, or a total
of $119.50.
"From
published statements of The American Superpower Corp.
Corp.
power
this
first
preferred
United
The
239,634
Offer Made
preference
stock
(the
amount
which,
together
with
$10
in
cash,
is being
offered in
exchange for each share of The American Superpower
Corp. $6 first preferred stock)
would, therefore, be $114.60.
The
American
7,000,000
8,960,901
April
90,000
owns
share
asset
Including
gains
or
earnings
in
to
outstanding
"A
R.
Corp.,
G.
have
Rankin
&
prepared
auditors
Co.,
(on
of
comparable
a
of
income
the
on
for
preferred
shares)
Messrs.
from dividends and interest and excluding
losses on sales of securities)
a
statement
showing the
for the year ended Dec. 31, 1942, of the two corporations
relation
$6.17
Corp.,
Superpower
basis,
233,189
7,000,000
4,046,111
Corp.—Exchange
on
United
as
each
Corp.,
and
——
depreciation
to
United
The
239,634
—
1941..
Power
order.—V.
Superpower Corp.
The First National Bank
1 Exchange Place, Jersey City, N. J., is agent for this
v.';
.'v.
value
asset
applicable
to
in
its
American
961,206
adjustments
Total
The
$748,376
392,400
contingencies
surplus
of
576,840
accrued—
!
for
Pass
with
The
$1,039,356
liabilities...
taxes
annuities
stock
reserves
Grimes
with cash, on the basis provided
preferred stock of The
American
Superpower
Jersey City,
asset
.
President,
The
purpose.
The
5,228
Machine
rights,
insurance,
'
order direct¬
received at or before 12 o'clock noon
(EWT) April
basis of exchange is three shares of The United Corp.
stock plus $10 in cash for each share of first preferred
1943.
stock
v
of
first
"The
'
300,566
receivable,
subsid.
in
an
tenders
preference
109,936
....
American
Liquidate—
has issued
dissolve, and has requested the
Edison Sault Electric Co., South¬
together
the
24,
1,569,467
32,280
2,893,539
refund
Investment
and
compliance
Superpower
corporation
against
1,490,611
....
year
and
subsidiaries,
Co.
prompt
Grand,
stock
erence
200,000
_
...
accounts
liquidate
three
Water
effect
Gordon
■
$1,839,786
certificates
receivable
to
to Holders .of First Preferred Stock—
$1.37
and
1942
hand
companies
"Less
and
States Utilities Corp.—To
The Securities
233,189
"v
and
acceptances
and
Post-war
1941.
amortization
10,484
Cr2,675
j
$1.13
included
receivable
and
ated
improvement was more than offset by taxes which, exclusive of customs
duties, amounted to $6.51 per share of common stock in 1942 against
$5.34 per share in
163,313
Dr5,325
921,709
;
-v.
S. Treasury
tCommon
culty to the parent company.
While
294,956
Drl0,978
....j.
$75,111,805.—V,. 157,
$1,374,032
784,434
excess
"
goodwill,
During the year this company and one of its sub¬
(together with an officer and three employees) were named in
such indictments; one relating to dyestuffs, one to formic acid, and
one
to sulphuric acid.
The company and individuals concerned have
business
944,893
Liabilities—Drafts payable, $55,799; accounts
payable and accrued
$4,580,287; payable to unconsolidated subsidiaries, $3,145,581; deposits of officers, employees, etc., $2,959,786; provision for U. S.
and foreign income taxes
(less U. S. Treasury tax notes of $502,200),
$1,085,451; reserves, $6,627,838; minority interest in subsidiary com¬
310,464
capital stock—-—
on
banks
in
Accounts
sales
and
inv._._____
liabilities,
829,865
398,050
individuals.
Financial
of
profit
ments
'
sidiaries
normal
1,632,782
plant and
$2,514,362
2,605,921
'
•
Comparative Balance Sheet, Dec*
against $6,766,292
Department of Justice, charging violations of the anti-trust laws,
has obtained indictments against several thousand American companies
$4,136,221
.
.■
Assets—
Cash
than
during the year under contracts and sub-contracts
Government are subject to renegotiation
under the Sixth
not
1,249,027
1,150,499
write-down
"This
the financial statements for 1942.
pleaded
1,377,586
$1,780,421
733,941
share
per
1941.
Inventories
somewhat higher
of
post-war
"Depreciation
in
•
The
and
2,891,951
against ores,
smelting materials, etc., $769,190; prepaid expenses, $230,795; deferred
accounts receivable, loans,
claims, charges, etc., $205,454; investments
in various
mining and metallurgical enterprises, $16,438,050; invest¬
8,520,300
...L-Y'
for
Accounts
letter to stockholders, states:
Supplemental National Defense Appropriation Act.
Renegotiation pro¬
ceedings have been initiated but have not advanced to the point where
determination can be made as to what effect, if any, they will have
upon
1940
$5,065,209
1,830,205
$7,957,160
receivable,
$10,300,720
——_
income
Notes
the
with
Years
1941
$5,770,886
1,434,632
expenses,
Consolidated
342,212
$15,113,882
taxes—
refund
Earnings
■
1941.
Substantial
Calendar
Assets—Cash, $13,115,966; U. S. Govt, securities, $5,890,000; accounts'
$9,958,508
438,580
profits and income taxes
excess
Dividends paid
Co.—Annual Report—
taxes)
for
for
$4,963,348
-i..—
1,711,827
general
amortization
$3,484,306
651,916
cost
corporate
Notes
a
Account
1,944,224
American
r
U.
Bell, President, in
of
$7,601,091
shares of
1941
profit
Provision
The Equity Corp. has called for redemption on Aug, 1, 1943, a total
$150,000 of 5 % gold debentures due 1953 of American, British &
Continental Corp, at par and interest.
Payment will be made at the
Office of J.
Henry Schroder Banking Corp., the New York paying
agent, 48 Wall St., New York, N. Y., and at the office of J. Henry
Schroder & Co., the London paying agent, 145 Leadenhall St., London,
E.C.3, England.
If presented in London the redemption price shall
be collectible at the buying rate for sight exchange on New York on
the day of presentation for collection.—V. 156, p. 1856.
B.
shares
29,860
1,549,899
quired,
1856.
p.
royalties—_—
—
Post-war
American Cyanamid
of
"1,482,369
"No
$47,-
1942
profit before taxes..
Federal
Corp.—Debentures
of
W.
issuance
$6,907,572
Surplus
tEarnings
Foundry Co.—Annual Report—
Other income
•Called—
3
Income
income
and
Preferred
659,430
7,181,368
Total
Gross
Feb.
340.
p.
British
the
for
...
Contingent reserves
Minority interest
*
■15
call
charges.:
11,066,810
659,430
25,524,214
par)
______
"Manufacturing
deal
&
panies,
Y,
.
etc..
&
20,978,000
4,246,767
capital surplus.—
and
1
.
foreign income taxes..,
Depreciation, depletion, amortization
S.
11,725,417
?9,058,000
5,745.290
—
——
Rentals
proposed
income
Total
U.
195.561
.
16,198,211
—
Sales
1045.
;
is
.
Admin,
491,076
531,090
income...
on
American Machine &
of record June 15.
each quarter from
157,
.,
record
new
dividend of
on
1,
:
funded debt....;..*...^.-j /
preference stock ($10 par)
stock ($10 par)
1942
American
of
a
Products for the G. Washington company.
The stock
Washington company is held principally by the Washington
Profit before
10,996,172
14,224,938
Calendar Years—
payable May
disbursed
taxes
reserve
in
the
number
has reached
employees
is
Gov¬
on
1
,.
"Less
no
Barge Line Co.—15-Cent Dividend—
directors have declared
The
common
A
declared
compares
July 1, 1942, to and including April 1, 1943.—V.
American
1
surplus
and
100%
vaccines.
.
1,109,314
Total
Smaller Dividend
been
has
stock, payable July 1 to holders
with 25 cents per share paid
common
par
This
15
1,188,282
on
common
656,116
Laboratories, Inc.—Declares
Allied
«
5,000,000
capital surplus in the amount
861.
p.
—
common
B
activities,
working
and
Reichel
increase
Reichel
the acquisition of
the G. Washington company Is effected, '
Washington, President and founder, expects to retire.
Clarence
Mark, General Manager of the company, will succeed him.—V. 157,
p, 1142<':.v•;'■
■:; 'V.:
\
33,086,677
5,000,000
—
cumulative
Class A
is
serums
which
G.
191,290
34,932,874
Contingency, operating and other reserves
The present dividend is being paid out of this surplus,
profits having been realized for the year ended Dec. 31, 1942.—
net
V.
debt
Reichel
include
expanding
family,.
9,365,096
191,290
_________
preferred
made
10,210,705
payable and accrued expenses
Dividends payable, Jan. 2
Apcrued interest
forces;
plasma
the
Home
the G.
of
Liabilities—
$350,917.
no
the
.......CI-; 131,999,333 111,241,503
Funded
dividend
pursuant
Brush,
of
23,915,056
Accounts
through the reduction as of March 8, 1943, of the par value of the
preferred stock from $5 per share to $2 per share.
As the result of
such
reduction
the capital surplus was increased by $399,000 to a
total
G.
Net
31,
blood
of
further
a
Co.,
terms
American
Common
pay¬
American
plant
in
negotiating to
acquire
the
G.
Washington
according to an announcement on April 7 by
Chairman of American Home Products Corp.
The
Renining
Alvin
12,014,740
29,032,011
& prepaid operating: expenses
Total
dried
the
result
1,178,006
15,443,634
'
debentures..
Goodwill
preferred
constitute
on
7,021,258
6,935,230
....A
reserve)
and processes.
charges
expansion
in
1942
8,163,814
and
retirement of
further
at
way
$
——
rights
Patents,
Deferred
1942.,
31,
above-mentioned
the
on
share,
per
above-mentioned dividend
arrears
of
payment
40.39
or
dividends
of
and
of
will
This will
Corporation's
1941
17,360,065
..u..—4...
(less
Pa.
also
Consolidated
?vV-
20,901,492
...
"Chemical and other plants, equipment & facils,
a
arrears
__
supplies—
advances....
Sinking fund for
subsequent dividend periods in which there are net profits in the same
calendar year.
On the basis of the figures verified by Arthur Andersen
& Co., accountants to the above corporation, the directors have deter¬
that
securities
products
Investments
dividend of 40.39 cents per share
on the outstanding preferred stock, payable May 1 to holders of record
April 15.
The dividends on the preferred stock are cumulative to the
extent, but only to tne extent, earned in any dividend period and in
mined
hand
on
receivable
Accounts
Law, Inc.—To Pay Dividend
Arrearages—Par Value of Preferred Stock Reduced—
and
the
increase
factor
a
American
Increasing
7,600."
over
31
Dec.
U.
$11,263,473 $10,629,389
Frank-Guenther
The directors on
cumulative
$
banks
are
biological
of
with
deal.
merger
American Metal Co., Ltd. (& Subs.)—Annual
Report-
Vv-V
Assets—;■
which
these
which
under
is
armed
the
corporation
Coffee
$1,963,773.
4,331,927
1359.
Albert
5%
a
When
special
This
role
quantities
orders,
of
The
$26,199
5,750,800
exigencies
par)
Total
stock.
facilities of Ayerst,
Canada
•
share ($2,618,369)
per
through
May Acquire Coffee Company—
foreign countries (chiefly
net income was covered by
preferred
the
in
affiliated
The
in
special dividend of $1
a
cumulative
of
became
American Home Products Corp. operates in
foqr main fieldspharmaceutical, nutritional and vitamin;
household
products; pro¬
prietary drugs; and dentifrices and cosmetics.- *
•'...
and
glncludes
expansion
which
1
Kimberton,
Products
high
equity in the 1942, 1941 and 1940 undistributed
companies; (50% owned or less).
Including
Cash
:»
Home
above
as
its
manufacturers
program
war
at
"Reflecting
2,618,369
:
$2.07
income
a
of
Ayerst's hormone products
the
32,695
200,000
5,750,800
4,616,468
($100
the
5%
preference
of
taxes
2,618,364
$2.42
for
Ltd.,
March
on
Product's
ernment
.
such
in
29,181
295,425
over
2,618,364
Practically all
dividend
payable
profits
excess
conting, relating to
Capital Stock
Earned
income,
stock
other
for
of
$64,020
24,399
Federal
est.
capital
Excess
etc
• - _■■■■
:
2,618,364
applicable
is
tional shares),
payable —$289,184
for
Prov.
20%
relating
Liabilities—
wages,
y.
of such foreign
other income receipts of American Cyanamid
Co.
operations.
JIncludes special dividend of $3,272,955
($1.25 per share)
paid in 5%' cumulative preference stock at par
(320,111 full shares issued and $71,845 paid in. cash in lieu of frac¬
the
Total-- $11,263,473 $10,629,389
Accrued
••
:.
way
plant
products
expansion
large
processing lor
associated
of
Canada);
'
Accounts
;t
in
equity, the net income applicable to common stock would be
$2.05, $2.56 and $2.57 per share, or $5,388,155, $6,705,675
$6,395,666, respectively,
Of the net income (both years) approxi¬
mately
5.872,638
355,777
y
■
,
for
Laboratories
increased
lYl',020
5,118,646
fleet, etc. (less depreciation)
•
$1.95
$7,600,000
income
and
1,300
(est.)..
<
-
outstanding-
include
not
net
such
102,134
18,386
_______.
stock
"Includes
1,569,716
vessels subj. to compensation by U. S. Govt..
Deposits with mutual life insurance companies.
Post-war
B
chartered
to
combined class A &
Earnings per share
1,316,861
1,704,031
ry
—•<
Investments
202481
1,785,319
—
requisitioned
dividends
Common
Shs.
Harrison,
Products
"Another
1,000,000
dividends
&
demands
$5,666,901
income
Preferred
700,000
.
(net)
Packing Corp., current account——
Inventories
Vessel
Packing Corp..—
.,
$932,822
,251,138
receivable—California
Accounts
1941
$356,298
125,000
Treasury certificates of indebtedness—_.
Notes
Net
the
move.
57,350
1,000,000
during
under
at
being prepared
are
.
1,000,000
maintained
has
pharmaceutical
Home
1,110,622
—...
well
facilities
pigments.
Home
i
■
been
of
McKenna
3,125,058
3,184,766
"■ :'vV-v
show
corporation
"Plans
532,962
—....
contingencies.
'%■
1,925.372
457,431
stockholders' int.
Minor,
for
■
2,531,782
503,788
15,100,000 *11,457,636
:
198,102
3,113,909
,
Up 30%—.
the past three months.
substantial conversion
and
subsidiary, Harmon Color
Works, Inc. for the production of large quantities of sulfa drugs
and quinacrine hydrochloride,
the synthetic chemical compound for
the
anti-malaria
factor
of
quinine,
for the
armed
forces.
The
Harmon
plant
is also turning
out other products
for the armed
forces
while
continuing to
meet demands for its
regular lines of
"The
expansion
$12,276,304
depletion..
income
for
226 596
62,246
to
have
tories
1939
543,489
paid
Corp.—Sales
gains which have resulted in a substantial increase
in profits before taxes in the first quarter," Mr. Ide declared.
"Inven¬
,
1940
53,496
expenses
Products
the
over
,
provisions
$31,459,933 $27,801,682 $17,648,528
and •?'
"■?
v\
charges
Home
during
the first quarter of this year increased approximately
comparable period of 1942, it was disclosed by Knox
Ide, Executive Vice-President, who presided at the corporation's annual
meeting of stockholders in Wilmington, Del,, April 8.
:
"Despite the increased volume of war work, consumer business has
30%
prof its tax accruals.
Calendar
675,865
(net).—
income
Interest &
$390,944
$3,000,000.
Account
1942
charges
development
•
Income
1
income
Total
11,700
.
stock.
operating profit— $29,688,748 $26,122,640 $16,588,005 $11,392,510
Divs., int. & discount..
1,041,824.
1,073,307
778,699
632,357
Royalties,
licenses and
V '•
''L':[■;
est.
year.
common
MISCELLANEOUS
-
share.
Net
Deprec, and
Profit
is now
computation of income and
Consolidated
Cost
the
on
per
dollars was set aside from current earnings and added to
contingency reserve against risks and uncertainties under war con¬
ditions.
The. total of this reserve, including provisions made in the
1941
oper
'
y
Corp.__.____
equivalent to $1.98 per share
were equivalent to $1.89
were
INSURANCE
•
One million
1942
etc.—
Packing
INDUSTRIAL
-
charges for 1941
company)
v,
allowances,' discounts,
revenue,
.California
income
Association—Annual Report-
(And wholly
Calendar Years—
PUBLIC UTILITY
-
stock
the
dividend
number
Dec.
each
31,
share
of
shares
1942.
of
This
The
of
and of $1.52 for each
$3 cumulative preference
of
$1
per
share
the
was
two
statement
American
stocks
shows
share
stock
paid
Feb.
(or
of
9,
in
question
earnings
Superpower
Corp.
The
equal
$6
first
for
three
United
Corp.
$4.56
1943,
on
the
$3
.
be
1943,
of
of
"Tenders
first
the
accepted in the order of receipt.
In the. event
for The United Corp. $3 cumulative prefer¬
ence
stock in excess of the number of shares held in the portfolio,
The
American Superpower Corp. may
(but shall not be obliged to)
acquire, in its sole discretion, additional shares of such stock in
order
to accept
tenders which otherwise could not. be filled.
Cer¬
tificates accompanying tenders that cannot be filled will be promptly
returned to the tendering stockholders.
"The first preferred stock so acquired will be retired.
V. 157, p. 340.
will
Corp.
power
tenders
that
a'V/"v;'3'-
demands
"The
'
service,
Gifford. President, states:
Walter S.
:
telephone
additional
for
for
five
civilian
essential
calls
to
from
or
than
"More
Bell
45,000
System
rate
about
of
2,500
Earnings
J.
'
*
revenues
expenses
A.A 26,691,083
&
profits
Other
AA"■
11,236,729
66.056,771
2,334,469
9.082,648
excess
18.449,500
2,443,250
,
Net
Interest
Other
6,748,345
Total
j
1,435,368
1,408,723
(net) i
65.571
281,790
income
Interest
for
■'
\
1942
72,625,000
78,345,000
10_.i^
70,456,000
53,968,000
lias
and
share
25,321,855
8,398.536
the
on
the
$5
6,088,078
common
17. ( No
Keith
24,490,235
Powlison
and
Cameron
and
Promotion
Warnock
Hawley
has
succeeds
INet
...AA-
42 344,538
A.
share—
$2.27
A-
Earnings. per
43,707,993§ 161,670,439 183,211,852
42.045 287 168.181,207 168.181.146
$2.34 .
§$8.65 ■
$9.80
42,045,347
income
'
lor
deduction
the
of
months
three
profits
excess
■■
imposed
which
by
33A:..333-3 'A 3;':A3AAA
Earnings
Consolidated
System
Telephone
Telegraph
&
and
Co.
subsidiaries)
.
Period End. Feb. 28—
Report
Oct.
•
$1.50.—V.
28,
157,
on
and
2
declared
A.
:••<.•.'./
60,390,154
35.456,778
32.007,981
Net
v
220,131,845"
5,779,818
54,816,179
58.114,756
(net)
1.375,809
income
2,917,356'"
Associated
Total
"
Gas
Associated
The
'
Gas
&
59,490,565
57,733.535
225,911,663
12,654.269
51,454,279
49.646.760
tNet
income
45,079,268
174,457,384
Applic.
stocks
to
subs,
of
AA
•
by public wAAAA 1,635,354
Applic. to Amer. Tel. v/.1 AAOv&
Tel.
&
stock..
Co
share
Per
deduction
•After
,\A
A
-
;
1,691,909
April 6 in
Elcetric
7,391,059
6,590,370
:A! -"A"' !A3A,.;,•'.A "
;■
44,922.897
43.387,357
$2.40
$2.32
.
was
187,184,470
167,867,014
net
in
consolidated
not
made
income
in
and all other majority-owned
estimated).
(Before reservations
Electric Co.
of Western
deficits
or
subsidiaries
(partly
December,
the
in
1942,
amount
$4,213,786,
of
during
which
and
1941
have
applicable.—V. 157,
p.
distributed
been
1236.
1942
A1'
periods
the
to
to
4
The
the
American
%;;
AA
at
their
Stockholders
98%/
Position
The
,
annual
Support
number
meeting
Jersey
in
City,
represented
et
individual
This
on
their con¬
meeting' was
Fed.
Sales
the
at
15^3%
was
only
income
P-
whereas
.
Hahn
Federal
than
more
Paul M.
Net
i
of
;•
in
the
gain
the
for
of
the
industry
profits
excess
986.
taxes
Tobacco Co. in
said.
was
capital. stock
and
taxes.—V.
'
viscose
new
length,"
trade
Corporation
15.
The
manufactured
being
the
Plant
of
or
for the
of
fibers
As
from
that
different
in
in
vary
result
a
found
regular
there
lengths
natural
in
types
length,
is
a
closely
that
program
production
of
use
the
of
in
a
dividend
instead
carefully
of
lot
all
calculated
resembling
the
dis¬
wool.-
Lewistown,
regular
military
Pa.,
viscose
plant
rayon
equipment,
has
of
this
yarns
been
to
corporation,
higher
partially
from
strength
completed
■
;
'$446,902
7,252,275
.
I£AAuAA $7,915,111 A$7,699,177
shareA~AAAlAA.AA$2.72*' " '
$3.49'
common
■
Income
on
and
capital; stock tax;
business, and franchise
Consolidated
Balance
,
taxes,
-f
.
Sheet;
Jan.
31,
A?
1943
reserves
for depreciation ; and amortization of
furniture, fixtures, and equipment in stores and
depreciation of $1,324,774), $1,188,205; deliv¬
$4,157,470;
(less
social;
profits;
for
reserves
(less reserve for
depreciation
of
$3,512),
$2,546;
$1; investment in- insurance on life of President of the
$502,447;. cash on deposit and in offices, $1,831,821; U. S.
Treasury bonds and notes, $900,000; inventory of merchandise, $3,012,887;
inventory of supplies* currently ^required by store operations, '
$58,837; accounts receivable,
$2,191,472; business security deposits,
$1,070; creditors paid in advance, $47,098; prepayments of rent, insur¬
ance,-taxes, etc.; $95,437; total, $13,989,342. AAA aA'A'AA" A^A
equipment
Liabilities—Mortgage on real estate, $250,000; accounts payable for
$436,999; accounts payable for expenses, services, etc.*,
merchandise,
for purchases, and unpresented credit documents,
salaries, wages,; bonuses and commissions, $374,686;
.deposits
accrued
*
:
deposits
;ees'
I
week
Federal
of
war
bonds,
$3,750,000;
shares),
AA - V.'.
y'rW.
'-'-v;V
'
other
and
income
par
.$13,989,342.
;;
purchase
for
payroll
$15,783;
and
other
withheld, $11,916; accrued interest on real estate mortgage, $469;
Taxes
.accrued
■■
$940,572;
taxes,
earned
$7,915,111;
surplus,
' AA-! " ';":AA
'"'
stock
total;
common
:
;
New Director, Etc.—
Philip, LeBoutillier has been elected President, and General Manager',
W. Hanson and Wilbur J. Allen as Vice-Presidents; Gordon Bv
;
-
John
'McCausland,-
and
Vice-President
John W. Hanson,
.Walter Strickland.
V.
exoner¬
was
customers' credit balances,":
$68,917;
employ-
$217,395; unclaimed past' dividends, $7,494;
\
-
A
157,
and
Walter
Directors named were Charles M".
Assistant
Secretary,
Philip LeBoutillier, Nathaniel D. Reich and
Alfred W. Miles on the board.
The latter succeeds
987."
p.
'V'aA" I/VaS';'
>
:"X:
Gas & Electric Co.—35-Cent Dividend—
Beverly
dividend
of
35
^
per share was paid on the common stock,
holders of record April 8. On Jan. 14. last;
a
distribution of 75 cents per share was made.
Payments last year
were as follows: Jan. 14, 85 cents;, April 14, 65 cents; July 14, 60 cents;
A
par
4..
i
Cents;"per share
of T5
1942.—V." 157,
$25;
April
on
4A1947
1943
4-
cents
14
to
>809,574
5
1941
325.000
•■
,
%
$1,002,844
$0.19 ;;
A
refund of $320,000. AtOn
earnings
subsidiaries not
The
is
report
subject
to
prices,
/
.
adjustments
enactment
consolidated
Cost
of
the
: .'''.A;':'
10-Cent Dividend—
-
.
-
1943
a
v
dividend of 10 cents per share has been declared
last
payable
$3,
were
year
cents.—V.
157,
p.
"
on
&
-
Calendar
A.'-'"; 'V A...
Act
' 1942
■""
$5,057,022
'•
a-*?
Pennsylvania
Federal
excess
and
normal
Net
surtax—,——«...m——-rr
profits—
profit
Dividends paid
•After
per
—mw—-
—
—
—
—
cash-.——
share
;
in
u—
A-.'.
common
deducting
debt
retirement
credit
of
per
■
1,161,037
170,000
730,000.
-
-
■
1,453,867
90,133
374,897
•7,650,000
1,700,000
$1,425,718
467,060
$1.07
$1,668,311
800,675
$800,000
Comparative Consolidated Balance Sheet,
and
banks and
in
•Notes and
on
hand—
$1.25
post-war
Advance
costs
,w«-A—m
fees
and
——
ALand,
—i-A
:
collections
Investments
31
and
buildings,
Deferred charges
billings
and
long-term
$3,629,086
8,869,036
3,472,426
5,705,701
10,746,188
8,666,810
account—Crl6,848,028 Cr4,531,931
receivables—
802,892
810,075
on
machinery and equipment—_
—„w_
1941
$11,368,740
accounts receivable,—
Reimbursable
Inventories
Dec,
1942
Assets—
Cash
.
$1,000 bond and $2 per $100 bond; '-••, >
230,186
$5,237,208
;credit of $50,000.
.
,
.273,081
w
i
before other charges—$11,136,755
Earnings
available net income of-the
'company for the year 1942 was $56,601,204.42.
Of this amount, $7,528,803.71 has been set aside in the capital fund,, and $11,356,562.50
(together with fractional amounts heretofore appropriated but unpaid)
will be applied pro rata to the payment of all the. secured and unse¬
cured contingent interest accrued on the following bonds'to Dec. 31,
1942, in the following amounts respectively:.
,
*
Refunding and general mortgage bonds of the company—Series A, D
and F-—5%—$40 per $1,000 bond, $20 per $500 bond and $10 per $250
bond: Series C—6%—$48 per $1,000 bond and!$24-per $500 bond;
>
Buffalo, Rochester & Pittsburgh Ry. Co. 4\'i %■ consolidated mortgage
bonds—515 per $1,000 bond;
•
Cincinnati,
Indianapolis & Western RR. Co. - first. mortgage
5%
bonds—$20
5
operatlons_M-—$10,863,674
Federal
have determined that the
.
1941
1,536,966
1,366,134
.
charges-IAA^AAiAi!.-^!;!!;.,-.
taxes _A —!—!
Other
A
common
RR.—Interest Authorized—
.
AAAA'''
19,992,390
3,831,202
940,480
,978,466
-
maintenance..-..:—,A..,A-i.—
from
Profit
30 to holders of record April 19.: Pay¬
follows: April 20, 10 cents; and Dec. 21,
.-
.
Years
'Aw A- A A„ A
A-A A -46,997,528administrative expensesJ_A——
4,401,732
--
1265.
Ohio
...
for
Account
Other-income m.———A.—-A
Apr 1
as,
use
incl. fees and costs reimbursable$65,166,034 $30,799,560
and
and
Depreciation
Profit
'
the
and
Income
$a 1 es Ail
of
Repairs
from
Revenue
v,-,■'! '
but
taxes,
or-com¬
result
may
sales
Consolidated
Selling
••
:
; A
wh'ch
profits
excess
the 1942 earnings will not be materially affected.
-
•
(Net sales,
5,782;222 shares
"A
of
and
.'-'AA",;A'A
$0.04
"A ;
of
supplies
A company,
$198,093
-
.
and
A amounted to $9,719,605 compared
Based on final results for 1942,
*
$0.1.7
Federal - income
for
on purchases of
raw materials
taxes collected from customers,
with $2,882,499 in 1941,
,
-A
the company, in addition to earlier
price reductions, has offered a renegotiation refund of $2,500,000.
/While the final effect of currently uncompleted renegotiation proceed¬
ings for 1942 cannot presently be determined, in the opinion of the
and
'■'■AAA,-
share-*.-.'-— ;
providing
providing for renegotiation of eontract-s,. profit was $9,805,718 as
compared with $5,053,915 in 1941.
Taxes for 1942, exclusive of taxes
•$260,649
62,556
$1,812,418
<
Before
after
on
^,.T047U'„ if..;}.
*3,200,000
$1,103,218
»A The:directors
of converting approximately one-half of the manufactur¬
facilities
York
taxes_
common
per
spinning
each
7,699,177
—.
Strickland, Secretary and Treasurer.
readjustment--
post-war
staple
Conversion—
the
for
fibers
"shoulder"
differs
$215,934
.
$4,628,218
profits
excess
the undistributed
ments
>
in the research laboratories of the American
now in commercial use, it was announced
fiber
length.
worsted
$1,055,495
A,! 600,000
company,
Corp.—Earnings—'
Baliimore
"varied
is
and
contains
ing
yarns
new
same
distribution
tribution
A
is
has been developed
Viscose
April
which
as
600,000
'JL
A
taxes
A
;
offices
Corp.—Develops New Product—
staple fiber type described
spec'ally designed for use by the
rayon
surplus—
taxes;
$678,746),
A;
profit
stocks-par
15
Viscose
American
A
for
To Pay
•
,
173,521 !
$815,934
A
surpiusAAwAAAA'
to earned
Assets—Land(less
,t
$1;
$1, payable May 1 to holders of record April 17.
of 10 cents each made on Feb. 9,
* After deducting post-war
common stock.
A
A
157,
i;
per
security
■
distributions
of contract
and year-end audit.t
This included excise taxes,
:
.i
A.%—.1
assetAAAAAMW-. il,!,,;227,305
stock
common
surplus
"Federal
the
16, June 25 and Dec. 21,
renegotiation
amounted
1942
$2,275,013
-
.preferred8,593,,
earned
"
Notes,(1). The above earnings do-not include the.company's equity
(2i
■
said-
Mr. Hahn
774,266
year.AA^
for
Balance added
par
.
panies in which it has large investments.
two months of the year
balance
taxes paid by American
$264,000,000.
taxes,
of 1943 continued the upward trend which
Hahn, Vice-President of the company, said
The gain In the first
meeting.
2%, Mr.
Total
to
1942,
that
declared
par
with
Feb.
and
(Earnings
of
first quarter
the
in
annual
profit
Earnings
v
Associated Gas and
trustees-of
the
before
inc.
Prov.
Vice-President,
Up 15^2% in First Two months—
prevailed in
on
Aviation
the votes were as follows: A proposal to
selecting independent auditors was defeated
by 98.3%
of
the shares represented
at
the meeting.
A
proposal
relating to the conduct of the annual meeting was defeated by 97.7%,
Sales
New
$2,949,435
inc.
less misc.
'AA--MMuAM:AAMwAAA%wALAAA;A'1'131.929ii 1,045,997,
Earned
^
of
Co.
3 Months Ended Feb. 28—
proposals
method
the
A-..estate,
'goodwill,
Corp.—Larger Distribution—
have
stock,
compares
Profit
for
the
than usual. ,i As is customary, Paul M. Hahn,
presided.
All present directors were re-elected.
change
directors
common
/last, and
I
Approxi¬
management's
larger
On
J.,
N.
asserted
Rayon
years.
stockholders
the
to
shares
of
Man¬
.33; 3:'3r- 3 AsA/A'.v;1--'
!-AA
;
submitted
proposals
on
sideration.
AA
;
the management the largest vote in recent
of the total votes cast supported the
April 7 gave
mately
Co.—Stockholders
Tobacco
agement™
.'tlv■'!';■
Corp.
complaint
Atlantic
;;;A.3 A'
'
action-brought by
an
.
respect of the unused excess profits tax credit for the year 1942.
Note—Certain
retroactive
adjustments for taxes and other items
made
Trust
$2,208,577
Co.
and held by -the Bank as depository Tor escrow agents
and Oct. 15, 50 cents.—V. 157, p. 215.
a debt
rearrangement plan for
deciding that Public National was entitled-to-summary judgment );
A
Blaw-Knox Co.—Annual Report—
■
a
in
its favor
dismissing the complaint,
the. court held that Public
National was under no duty to present the. investment certificates for
The annual report shows net profit of $1,425,718 after all charges,
payment, -and the court further stated: "Under no ,circumstances, can
including provision for renegotiation of contracts and reserve for war
(the Bank be charged with bad faith or.gross, negligence, for.anything
! and post-war adjustments, as compared with $1,668,311 in 1941.A,Net
shown here. —V. 157, p. 1236.
! : •
^
VV) ■'' profit for 1942 was equivalent to $1.07 a share on 1,334,458 shares
outstanding as compared with $1.25 a share in 1941.
January and February, 1943, have been accrued at rates imposed
by the Revenue Act of 1942.
tlncludes proportionate interest in earn¬
of
and
-A'
A
In
lor
ings
Bank
"A:
doing
income
Conn felt,
National
of
under
Federal taxes
10%.
v".
1942
.A— $19,954,092 $17,787,990
and. cost
$2,949,435
'
Corp.—Bank Vindicated—
Electric
&
--
-
iAu%;AAAAjAAi*!Av'!!''''!A'A4A'''''V,!v 66,436
from, sales of real
'Previous
Electric
S10.02
$8.98
credit of
profits tax
excess
sold
income
on
Bank had acted in bad faith and
grossly negligent in fading to present for payment on Nov. 15,
certain
investment
certificates
issued by
Assoc'ated Gas and
The
1938
of
■
Gas
A':AA
charges of breach of trust in a Federal court, decision filed
from
ated
A AAA
Tel.
Amer.
Co.. stock..
Tel.
1359.
p.
Public
The
194,575,529
AAA'
A.: V'. A.
-A-
•
held
consol.
157,
Associated
:
■.-*
-
April 9, net electric output of the Associated; Gas & Electric
group was 130,660,116 units {kwh.lv This is an'increase* of'16,395,554
mnits or 14.3%
above production of 114,264,502 units a year ago.—
244.222,289
12,932,314
....
deductions.
—
profit i
on
.
merge
report
,
A-AA-'-;' 17,004,658 Al5,57.9,413
Dividends
ery
Electric .Corp.
1,451,556
^_„A!
merchandise
Dividends
'
Electric Co.—Weekly Output—
Associated
of
trustees
&
1,513,154
-I':":"r \
foj deprec. of capital
A Net
and
to
697,620
;1
sales.
from
(300,000 no
V
226.842,529
17,-379,760
46,558,251
income
A"''
of
•Taxes
V.:
company,
$2,430,615
.
Consolidated Statement, Years Ended Jan.. SI
'•
;
\
;
1943
A !' j
Total
Merge & Dissolve—^
proposes
2,258,^96
$2,634,778
*
concerning the following:
Corp.,
The Associated Corp.
V.
Interest
A"
Store
1986); -the, trustees propose to transfer ■ to the Associated Corp.
all the outstanding securities issued by the Tatter'Tor- cancellation and
retirement, and the Associated Corp. will then be dissolved.—V. 147,
p. 412,
j
v
"a
■ v*
115,337.741
126.033,161
130.853,477
income.
oper.
1265. ;.
Miscellaneous
; •
1,
Aug.
2,683,671.
State and local excise,
Anot including taxes on real estate. -
no
15,157
$1,208,135
business
ended
•tOtner
-...AAA;!
-
157," p.
Income
its wholly owned-subsidiary,
:1'
v
into its,-parent, Associated
Gas
and Electric Corp.; the trustees of Associated- Gas and Electric!
'Corp. propose to acquire all the assets and assume all'the liabilitiesof the Associated Corp.. (the assets consisting principally of $1,320,860
-of
Associated Gas and Electric Co. sinking fund, income debentures,;
the
),
A
;
205,865,938
33,069,330
taxes
profits
taxes
income
Cost
l\'
the.
on
l,!50'cents^each;
May
341.
p.
Corp.—To
Corp., a registered holding
1,503,399.920 1,322,564.525
946,548,660
854,351.094
\
A,A;.:
243,797,188 222,406,043
cess
727,386
oper.' income
A,A.
application-declaration has been filed with .the SEC by Denis J!
and Willard L.. Thorp, trustees of Associated Gas and Electric
An
1943—12 Mos.—1942
•
Operating expenses-,.
Other
$1,328,418
„
Best & .Co., Inc.—Annual Report
Driscoll
telephone
principal
its
1943—3 Mos.—1942
395,371.428 344.686.981
income and ex-
$4,749,511'.
A_
to holders of Vecord : April 20.
Feb. 1,, last: ( Payments during
1
May
made
was
Feb.
follows:
as
Associated
•
revenues.
•Fed.
$5,318,449
1,007,001
•~v.
due
Operating
$2,215,136
1,181,502
Net
Director ,of; Advertising s
437.;,.
c.-v, ' V-
as
share has been
per
payable
distribution
were
and
interest
Av; A,.'Y A: 33
Eel!
;
(American
$2,509,920
oper,-
Net
Revenue
proportionate
applicable,
1942
cents
60
stock,
common
similar,
.A
credit of 10%.
Federal taxes
31, 1943, have been accrued- at
March
ending
the
dividend'of
A
value
tax
Act of 1942.
IDoes not include the
in undivided profits or deficits of
subsidiary companies.
§Before reservation of net income made in
December, 1942, in the amount of $1,945,000," which represents the.
amount of the unused excess profits tax credit for the year 1942,
Note—Certain
retroactive
adjustments for taxes and other items
made during
1941 and 1942 have been distributed to the periods to
rates
company's
revenues^A
Net
UJ
expenses
'
Warnock.—V., 157^-.pi
Mr.
Appleton Co.—60-Cent Common .Dividend— J*
>/
♦Subject to minor changes when final figures for March are available,
tAfter
9,550,28V'
'
'
Dividends
9,882
10,254.057
Prov,
position of!,Vice-President
Mr.-Powlison as Treasurer
appointed
been
succeed
to
the
to
elected
been
J.
M.
$14,314,949
$15,582,388
7,444
10 ^cents' per
Co.—Changes in Personnel—7'
has
Controller.
•and
^
1943—2 Mos.—1942
$6,877,957
4,655,377
,
disbursed in
were
1943—Month—19.42
OperatuigltaxesA~.ApA
of 15 cents per share
May, 15 to holders of
1942.—V.yl54„ p. ,794. >1'
semi-annual dividend
stock, both payable
extras
Armstrong- Cork
206.625,702
23.413,850
186,160.674
6,146,698
*
regular
par
.
of Pennsylvania—Earnings—
5,118.343
A,51,321,00041,992,000 '>■
:A;^
dividend' of
extra
an
p.
Operating
Losses
declared
have
1,
A'A
a
Operating
revenues. _A:! $7,632,321
Uncollectibie oper. rev A
4,052
set a
directors
v.."
has requested trust companies interested in acting as
proposed $9,000,000 equipment trust issue- to submit "
of the company their charges for acting as trustee.—
1265.
A • , V
^
under
! Period Ended Feb. 28—
.
,
The
the
into
indentures; dated-Jan.
"A'-A.'
Bell Telephone Co,
62,571,000
New Service Unit—'.
on
supplemental
company
V. .157,
61,356.000-'(.51,267,00'0:y 44,045,000
50,1.32,000
45,840,000
55,919,000
49.708,000;": 40,686,000
71,789,000
by
,;-V
<
72,124,000
79,491,000
■
for consideration
A: 1939 /
.
company—
$9,000,000 Equipment Issue—
The
the last!
333% -A 3
-.1940
1941
for
A./"' V.A
trustee
corresponding
the
>v
•
the
and
payment of $28,286,878.66 will-be made
a
provided
land
1940,
Argo Oil Corp.—Extra Distributioh^ofvlO^ents— *"
;
167,739.593
6,885,012
9,043,326
320,949 /A
212,115
49,854,691
48,432,616
wwA
deductions
May
sinking
electric energy, for
A'-AAv:!''
-3
1943
1359.
p.
146,276,540
income
income
On
,
,
hearing'for April 2i on!the formation of-a new
service company by American Water Works, & Electric;. Co,» InC/, and i
consolidated
it with proceedings instituted against the company , and
its
subsidiaries on Jan.
28.
1943, ' respecting .construction, sales and
:,service arrangements.
^
'..V- '-O-'
1'
The new company, which was recently, incorporated in Delaware, is
Water Works Service Co., Inc.
It,, proposes to issue and sell
1,500 shares of common stock (par $100) to.-.American Water Works &
L.eccrie vor $150,000 in cash.
American Water Works Construction Co,;;
.which now perforins services of associated,water,;companies, will de¬
clare
a
liquidating, dividend to Americaa Water .Works! & Electric,
which owns all its capital stock, and dissolve;' .tv,■'
The new service company plans to file" by amendment its proposed
method of allocating its costs of doing business among associate conit
panics, the departmental organization of the company, land the nature
of
services
to
be
performed by the various-, departments.—V.
157,
'
32,678,173
41,415,828
AA-I J
income
•
1943.
1, 1943,
May
29,630,668
8,288,627
38,643,050
income.!-.
oper.
kwh.
70,455.700
weekly output of
76.925,000
.
record April
Dividend
of
bonds of
1,
after
com¬
78,881,000
3
The SEC
'
•'
.
taxes
taxes
27--.
I
*1943—12 Mos.— 1942
i-
of
;■
Hearing
44,316.811 210.996.840 156,174.316
23,997,268 103,179,248
92.823,257
55,872.400
Operating
income
Co.
the
,j,
<j«
Operating
IFed.
A
.A-;
Telegraph
and
^ 1943—3 Mos.—1942
Period End. Mar. 31—,
'
serving
now
are
A.A
;
Telephone
American
women
This numbe^js increasing at the
month."
per
of
and
men
country in the armed services.
their
'
"
activity centers.
war
10,
output
table
20
Apr.
orderfor
for
.
,
Conversion' of
says.
.A
5%•
mortgage
4Va %• convertible bonds. of the company—$45 per $1,000 bond, i
' A,
The board of directors has determined to pay said interest on and
.
the electric properties of this company
1943, totaled 78,345,000 kwh., an increase
follows:
years
Apr,
required
telephones
of
purposes.
tne
over
Week End.—
Mar.
V
-..a.
for war and
A." ■
"The increase in long
distance calls continues to be very heavy,
especially on the longer hauls to and from war activity centers.
It is
impossible,
with the material limitations which
apply, to provide
additional long distance circuits to keep pace with the increased traffic.
Although every effort is being made to handle the calls with efficiency
and .dispatch, more and more calls are subject to delay.
Additional
emphasis is, therefore, being given to our advertising program urging
the public to refrain, so far as possible, from making long distance
the' installation
first
putting
11.20%.
ended- April
Comparative
both exchange and
issued an
A
of
energy
week of 1942.
amount of new material that may be used
telephones.
Provision is made, as formerly,
of
installation
the
week
Mar.
restricting the
further
the
,of
.
3
•
announcement
Afirst
$15 per $1,000 bond and $7.50 per $500 bond:
American Water Works & Electric Co., Inc.—Output—
3
long distance, continue at an unprecedented rate.
"On
March 25,
1943,
the War Production Board
(he
AAOutput of electric
Company—
Telegraph
and
Telephone
-«3
,
,
bonds of the company—$10 per $1,000 bond and
bond;
$500
Southwestern -Division
'
parachutes
cargo
.
-.
American
$5 per
types
pany's Marcus Hook, Pa., plant to the production o-f higher strength
rayon yam
was completed recently, and that plant is now 100%
on
war
work.—V. 157, p. 1359.
•..
'
■' ■/
be
■Quarterly Report—''-3.-A-
,'A First mortgage 5%
the
company
needed for
user?,
the
targets.
tow
materials,
needed
received
are
to
of
yarns
aerial delivery .and
is
three
Jan. 1, 1940)
was $19.50 per share.
preferred
stock of The American
Super¬
from
(accumulated
Corp.
provides
expected that the conversion \vill be- entirely, ^completed within; •
or
four months, the time being dependent; upon the delivery of
It
Superpower
on
aerial
and
shipped
being
now
conversion
The
fragmentation bomb parachutes,
of dividend
$2.75 per share.
Oil April ]., 1S43, the amount
the
first preferred stock
of The American
was
arrears
are
yarns
announces.
account
on
amount
these
and
stock of The United Corp., such dividend being stated to
of dividend arrears on the preference stock.
The
dividend arrears on such
preference stock on April 1,
preference
Monday, April 19, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1418
—„
9,242,500
531,571
10,777,195
310,093
■
Total
mAI
—
———
—
$30,418,600 $23,133,754
Liabilities—
/
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157
'
•'
■
<"•
■
X Boston Edison Cd.^Output Up
11.8%—
Accounts 'payable (trade)$4,010,977,, $1,582',916
'Employees' payroll allotments for war bonds___. •' : 162,319
Accrued salaries, wages and commissions
536,435
489,667
Interest
accrued
Accrued
taxes, other than- Federal- income
profits
'1
excess
Other
accrued
for
and
Sinking
mortgage
money
fund
due
June
492,280
-
Reserve
l'or
'Funded
320,000
v
,
surplus
surplus
2,652,092
'
Total
share3)__—:
'■
;
1
fLess
in
'•
in
and $53,424
in
1941.
depreciation of $6,516,638
for
reserves
1941.
$90,000
1942
in
1942
v:;. ■ >;;,*.. v
$1,334,458
no
shares.—V,
par
1,677,890
—x.
Sales
$3,900,624
—V.
157,
3,300,563
qnd
for
the-annual
At
holders
'as
;
authorized
heretofore
reduce
the
stockholders
of
Gross
Mai*.
held
the
11,
stock¬
the
of
authorized
such
provision
tc>
reduction
for
purpose
which
quoted
Change
voting
of
capital
shall
certificate
shares
of
of
be
157,
to
stock
the
to
below.
fii)
(cj
••"■••"*./•
'
1943;
for
tional
Bank
and
Bend; Wis.
due
and
proposed
serially Sept.
Co., Chicago,:
per
to and
the
1,
Bank
of
indenture
History—In
1843
farm" territory
and
became
though its
totals
1,193,970
name
-continuous
miles
changed
was
existence
Methodist
of
north
Methodist
Grove
until
it
site
45,808
12,293
10,935
8,299
i:$I,855,853
$1,593,756
$2,601,674
became
Mission
/ *•;
*
in
of
y.ear„.x.___„
n.
of
Vice
Chancellor
suit
a
Henry
T.
brought
in
organized
was
congregation
part of
with
had
.taxes have
said.decision
not
Previously
dividend.
Mr.
the
The
157,
to
been incurred
for
Dec.
to
allow
shares
400
to
the
vacate
'
had
Pfov.
for
the year
1942,
tProfit.—V.
Report*—
157, p.
In
Ended
net
of
profit
report
for
the
of
•;
:
31—
Jan;
income
of
152,250
on
he
1942
$436,819
share,
the
in
tax
53,853
.
.
its
stock:
January 31;
(cost
$8,075,084),
(exclusive
of
135
shares
in
treasury),
of
2095.
p.
shows
cash
of
••■/
non-cumulative
was
became
cumulative
157, P, 1047.
7
the
at
until
after
of
rate
Jan.
$1.25
'
_
Years Ended Dec. 31—
;
-••Net
Nat
counsel,
tion,, etc.*.
share
$1.39
■
$881,133, compared
,
.
1,
the
annual
to stockholders,
report
the company
comprise
The
remainder
more
■-.-'-'■V*.'
interest
the
on
and
of
consists
Since
bank
it
entered
the
automotive
President/stated
replacements
parts,
farm
''
to
issued
Creditors,
,
and with
not. required
items deemed essential to civilian needs,
period
offset
To
have
set
the
a
of
work
war
with
no
funded
debt,
r
from
position,
dividend
a
15
to
the
caused
1942
by
war
earnings
a
the
Account
1941
/
t$286,535
,*
record
for
no
*
for
April
27.
:'f;' income
profits
tax
Miscellaneous
Post-war
'•
.
...
(
,**,
chargesW
Prov,
on
for
future
578,123
133,874
refund
of $18,200,000 of such war contract profits might, be
This amount has been provided for in the balance sheet
the
profit and loss account.
Since the renegotiation pro*
in
ceedings
indicated
In
have
not
is subject
addition
to
been
to
however,
revision.
completed,
possible
extension
of
the
figure
'
already
The
total
the
since
p.
of
volume
$223,000,000
the
on
unfilled
March
orders
start
of, the
production
orders
15,
received
on
1943.
from
national
600. '
the
company's
books
totaled
This represents more than half
Government and civilian sources
defense
program
in
com,
Earnings
stk.
per
1940.—V,
157,
!
-
(par
$5)_
$1,196,561'
•
common-stock
but
not
stock
thereof
the
of
Hat
including
of
Hat
Corp.
Jan.
Corp.
stockholders
twentieth of
per
178~620
1,
1943.
receive
share of such
a
$2,523,642
1,738,317
*
1,636,972
$1,671,103
$785,325
$742,813
667,251
676.173
in
banks
at
All
of
be
the
such
May 17—
on
$213,439
——_
1943—2 Mos.—1942
$730,521
149,388:,
usual
/
:>
Investors
have
Corp.,
declared
$481,261
excess
^: A'i- /
;
quarterly dividend of
10
dividend
cents
profits taxes.
.-V;_*):,'
Ltd.—Extra
extra
an
299,014
$446,882
$235,419
*'."// ■'.*/*:'
$780,275
283,639
■'_* ,* "■*. f ■',.*
$3.69
$3.56
$3.73
of
5
cents
per share
on
per
share
the no par
155,
stock, both payable May 1 to holders of record April 17.
5 cents per share was also paid on May
1, last year.
of
1596;:'*. *,'...
p.
'.^v.*'
':v\-
,*//
•
1942
1941
$329,959/
:
$272,209
$0.07
—
(par $1) of capital; stock,
10
Days Ended March 31—
-V.
$0.06
/.
157, p. 1144.
1943
':;;
Statement
/..*■
Period End. Feb. 28—
1942
$8,427,000
$6,980,000
■
earnings
of
Earnings
and
Expenses
1943—Month—1942
1943—2 Mos.—1942
$20,333,525 $18,238,114 $39,261,445 $36,898,367
17,514.158
15,224,101
24,201,423
30,700,311
Geoffroin
157,
has
p.
$5,060,023
$3,014,013
$6,198,076
of Committee—
been
named
member
a
'
'
1360.
Carnegie-Illinois
$3.49
Balance
and
on
Sheet,
hand,
.
Dividend—
the
of
executive
com¬
;"*'
.
Edgar
Steel
'
;
Vice-President—
Corp.—New
Bain has been appointed Vice-President in charge
technology, effective April 1.—V. 157r p. 600,
*
C.
of
681,881
,-..*-
Consolidated
011
Fractional
stock.
$384,807
146,814
Years .Ended Dec. 31— ■>,*//:..*:
profit after all charges and taxesper
share
•_
and
research
.
Carriers
Total
tions,
net
General
&
assets
Dec.
31,
$4,073,786;
1942
marketable securi¬
ties, $3,521,916; accounts receivable, customers (less reserve for doubt¬
ful accounts and* discounts of $136,834), $1,275,409; other. receivables,
$37,644;
inventories,
$3,472,051; investments in and advances to
amounted
released
1942,
of
Corp—Quarterly Report-
corporation,
.
$4,940,114.
of
end
in
March,
of
Market
cash
with
securities
at
market
value of
banks
preferred
1943, according to figures
the corporation on Dec. 31,
asset value per
Net
1943,
was
quota¬
March 31,
-Total net assets of
share
$6.93 compared
of
common
with $5,29
per
stock
at
share at
1942.
Investments
issues.
to $5,860,808 on
by-company.
were
the end
the
,
the
will not
cash
.
Assets—Cash
for
$2,379,785
* 1,706,857
667,251*
share!—_
.:-*
the
Corp., Ltd.—Earnings—
$360,253
directors
Aime
deducting excise taxes paid on sales amounting to $183,215
1941, $196,388 in' 1940, $284,151 in 1939, and $397,553 in 1938.
tIncluding depreciation of $210,973 in 1942, $174,012 in* 1941, $171,635
In 1940, and $178,428 in 1939.
tlncludes $149,758 in 1942, $256,045 in
1941,, $161,521 in 1940, and $99,871 in 1933, undistributed earnings
subsidiaries.
*'
enjoy
to
of America
of America
will
1943—Month—1942
^After
of
attention
•
$2,377,960
•
'■*•:
.*•
■
will
company
drew
common
Dr.
Surplus _J_i
Shs.
in
-
facilities financed by the
company's own funds, the Government in 1942 provided and equipped
a
new
plant for the manufacture of motorized vehicle parts, and
an
addition to one of the existing plants.
of
i
1,267,777
__
to
up
Gross earnings
Working expenses
500,000
$2,464,338
paid
the
He
:
Hence,
question, it
a token
only
'•*,
trends
taxes.
Net earnings$2,819,368
250,000
INet profit
Dividends
B
common
New Member
*—11.
the
best,
Canadian Pacific Ry.—Earnings—
and
commitments
six
class
1048.''
p.
*"■
42,702
at
''•'••*• -.'A-
'•'• '
*
consider
dictate,
present
before
expenses—:
earnings
Traffic
losses
inventories
class
of
i'i] "On 4,554,682. shares
Cr379,626
i
from
year
"Earnings
*:
credit—excess
profits taxes
recom¬
first
Canadian Marconi Co., Ltd.—Earnings
36,072
/*
probably
Net
$3,136,528
977,127
the
rising tide of Federal taxes.
would
earnings
extra
—V.
$3,677,345
'
of
Canadian
$3,100,456
1,403,698
of
end
"Operating expenses do not include income and
An
1939
49,288
1,301,766
the
,
would
outstanding 3-year discounted collateral trust notes have
redemption as of May 17, 1943, at 122 Va % of the face
of such notes.
Payment' will be made at the Central Hanover
Trust Co., trustee, 70 Broadway, New York,
N. Y.—V. 155,
//—V.;; 157,
Years
1940
3,770,603
1,134,320
:
26,485;;'"19,881
it
the
mittee.—V.
acceptable.
and
&
The
$3,628,057
.
•'
conditions, the directors
contingency reserve of
The company's
1942
earnings on war
contracts are subject to
renegotiation.
The Administrative
Unit
of
the
Price
Adjustment
Section of the Chicago Ordnance District is reported to have indicated
a
of
value
$5,379,883
55,876*
>
that
lieu
in
"Operating
18,
12,940,095
——
before
and
common
called for
-Gross
..
the
13,934,586
Prov. for Federal excess.-"
meeting
1943,
2180.
This
$7,433,567 !. $5,435,759
/ ;* 1
'/**:*•■'.:■ •/
Fed. & foreign
taxes
of
quite hopeful that he could
board
conditions would
Period End. Feb, 28—
■
Prov.
the
Canada Northern Power
$7,372,253
-
annual
half
are payable May
10 to holders of record April 24.
Commercial National Bank & Trust Co., 46 Wall St., New
York,
is transfer agent for the stock,
Y.,
p.
.
17,064,930
61,314
first
stock.
thereon
but
amount*
$2,500,000.
that
share
All
•:;;*v/^'
Calendar
1941
the
at
amortiza¬
17,638,738
oper
stockholders
this
board
this
shares
Bank
&
lowances & discounts
$25,010,991 $22,444,814 $17,562,643 $16,040,551
goods sold,, sell- '* "*:*::...■
"r
'* ';■*, *;,v::*.
ing, advertising & ad-
——
told
).,.:•• *.■•■.,C •■/;*''*
stated
20
been
Bondholders'
•
ministrative expenses-
the
WW/.
one
The
N.
,
.
income
per
dividends
15.
15, last, and 40 cents each on July
1941.—V.: 157, p. 1265.
/ "
Income
to
but
year,
.rate of 25 cents
time
tCost of
Total
This
cents
.
President,
while
dividends
per
cents per share on
of
."Sales, less returns, al-
Other income
10
Outlook—
might before the end of the
prevailing
common
issued
<
;,*,
of 75
holders
1942
from
common
5.
April
with
A participating stock, class A common stock
They also declared a dividend of $60 per share
the class A participating stock, representing arrears of accumulated
jm
Dec.
on
Consolidated
the* company
.
uncertainties
aside
financial
strong
whicb
depreciation,
Bristol-Myers Co.—Annual Report—
Profit
the
on
record
and
1360..'/
p.
vshares of class B
annum.—V.
,1942
$25,229
notes
General
June
60 cents
22,
of
last,
May
earnings
and the
im¬
thus
far .has
outside
financing.
To
provide for; possible
necessities, however, it has arranged a "stand-by" loan agreement
with
a
group
of. banks whereby it may borrow up to $15,000,000,
This agreement extends until July 1, 1947.
/
V
loans,
at
per
v-G'
payable
1942, and Dec.
*/;%%/.*/':/ /-V'
Davis,
and
Brazilian Traction Light & Power Co.—75-Cent Div.—
compares with
15,
To Redeem Collateral Trust Notes
,
,
tLoss.:;v
stock,
declared
holders
to
Jan,
the
and
with
is engaged chiefly in output of war goods, which
than 90% of the total volume of manufactures.,
plement parts and other
•'
S.
C.
1943,
share
per
I
:;>.The directors have declared
Borg-Warner Corp.—90% of Output in War Goods—
/'Stand-by" Loan Arranged—
'
.'
V
In
this
Bush
Net
common
15
on
greater reserves to meet the
ieach
-Note—Capital stock consists of 66,024 shares of 7% cumulative pre¬
on" which no dividends have been paid since-April 1, 1928,
135,944 shares outstanding or issuable of $5 non-cumulative second
preferred and 399,333 shares of common stock.—V. 155, p. 1672.
a
share has been
per
April
paid
dividend period beginning Jan. 1, 1943, $1.50 per share
participating preferred stock; $2.50 per share on the class A
participating stock; $3.50 per share on the second preferred a?tocx,
1943,
a
,%;•■//;■/
;
cents
disbursement
of
likely
,on
ferred
'
31,
taxes,
Noteholders'>v Corp.
'
now
resigna¬
semi-annual
"
L—
,^L
profit
"After
had
$529,964;
against $1,567,589; inventories $982,560, against
'$1,022,521, and current liabilities of $1,167,596, against $1,236,983,
—V. 155, p. *1750.
;*
.that
■:
cover¬
;-
Henry G, Fahlbusch, President, announces as follows:
The directors on April 8 declared dividends as follows:
„,*.
Bowman-Biltmore Hotels Corp.—Earnings—
receivables; $1,096,793,
;
1925,
981.
p.
''
successor
as
1,
dend
*•_
The company on April 17 paid an initial'dividend of
31'/4 cents
share on the preferred stock,, par $10, to holders of record
the
then
Jan.
v
demand
on
outstanding: at
1943)5*;$8,6.73,702; total/$8,808,800.—'V. 156,
-
sheet
Jan.
sinking fund gold bonds, such
1943.—V. 151,
1,
resigned
dated
(The) Bymdun Corp., Brooklyn, N. Y.—To Pay Divi¬
Arrearages—Stock Distribution Also Declared-
v
;
cash
$8,229,354;
Botany Worsted .Mills—Initial Preferred Dividend—-:
Store sales, including sales from- the beauty salon and leased depart*
meats, were $10,004,902,
compared with $10,547,362,
The company
.lias anticipated the-payment of the balance of a long-term bank loan
aggregating $340,000.
V :" ' /
/;'/
The balance
has
indenture
$382,966
-
Statement of Net Assets, Jan. 31, 1943
expenses.
$190;
accrued
Federal income tax,
other taxes accrued, $2,466; payable to brokers for securities
purchased but not yet received, $9,075; payable for capital stock re¬
acquired but not yet i*eceived, $1,882;'dividend payable, $99,160; net
assets (equal to $13.98 per share on
620,283 shares of $1* par value
(capital
L
ended
year
'. bVS"
..
City—Trustee
progress made by the company in recent years, pointing to the red
-figures shown for 1939 and 1941, while in 1942 the company was able
to show net profit of well over
$900,000 before taxes.—V. 156, p. 2034.
22,325
$364,029
j
157,
Bush,
stated,
Mr.
$22,325;
of
board
shares
previous fiscal year.
May
cents
directors
a
higher
company
after preferred dividends;* to $1.01
and compares with $336,521, or
equal,
common
on
Company
trust
Bush stated that he had been
aside
Liabilities—Accrued
amounted to $277,026 after depreciation and amortization
a • $30,000-charge
for contingencies and Federal income
$277,025,
Corp., N. Y,
hope had been somewhat dampened by
the suggestion of the company's auditors that the
company should set
deposit, $554,560; dividends and interest receivable. $15,563;. receivable
for capital stock* sold but not
yet delivered, $9,324; total, $8,808,800. ;
{
$159,030,
taxes
the
payable
13
at'the
months
was
1943
>
income
Assets—Securities
a:
::s/
stock,
Mr.
mend
Securities
53,538
:
it
,
fiscal
157,
meeting, consider a dividend on the
•stock, but that because of the rising trend in Federal taxes,
most likely have to be a modest payment.
■
/
^
on
the
possibly
'
,
Losses
or
$439,892
Federal
*
according to
the
Inc.—Earnings—
consolidated
a
Street
Terminal Co.—Dividend
Irving T.
that
1265.
'
*
for
This stock
April
Bush
the
income*
Expenses
_
Bomvit Teller,
in
with
stated.—V.
it was
paid in preceding quarters.—V, 157, p. 1143.
payment.
'.-Total
,:
v;;
payment
'
through
'
'
order
••
Syracuse,
continue
*■■'"**'
12
$25,
with
Director.—V.
31,
Statement • of Income (Exlusive of Profits
*,;:
Fiscal* Years
,
restraining order. .'**:L / L :/ ;/ v■■*;./'!
1047.
p.
permit
to
of
owner
moved
company
voted
charter
company's
Shanik,
obtained; a ' temporary
Bikler.—V.
had
stockholders
the
amend
to
staff,
at
will
remain
as
Chairman of the board.
G.
A.
Morrison, who has been
Vice-President, has' been named
Vice-Chairman
of
the
board, and
W. L. Little, Works Manager at Erie, Pa., ha$ been appointed VicePresident.
M. Bageiv'.'Vice-President, has been named Technical
years 1933 through 1941 with
1942 is $1,343,901.
As sufficient
provided for these taxes in prior years, it was
been
Investment
,
at Jersey City, N. J., on
Paul Shanik to restrain the
paying a dividend this year on its preferred stock,
Associated
Press
dispatch.
\
directors
executive
or
work
R. Knox, Vice-President since* 1933, in
charge of the plants in
Milwaukee, Erie, Pa., and Evansville, Ind., has been elected
President, succeeding W. W. Coleman, President for 32 years, who will
certiorari
Boston Fund, Inc.—Annual
r
%%
the;;
Church.
North
from
an
laboratories'
established
were
South
necessary to charge* the amount of $930,006 to profit and loss in 1942.
rAs a result 'of certain deductions which do not enter into the
compu¬
tation of the cost^of the service but are allowable for Federal
income
tax purposes, it is believed that no Federal income or
excess
profits
/.'/'
Kays
by H.
They
company.
The
'*:"/
Laboratories
was
interest Jthereon
reserves
lien
the
Botany Worsted Mills—Dividend Suit Ends—
dismissed
'*'
Biological
Bucyrus-Erie Co.—New President, Etc.—
Appeals rendered Nov.'4,
company
April
<
$1,286,-
companies
N.
includes depreciation of $2,184,464 in 1942,
and $2,157,709 in 1940.
tUnder a decision of the
for, writ
the
accrued
/!'•./:v!;;
in
-
expenses
1941
Court
Net
.
the
times,
a
by law.)
roads_—_*__
operating
petition
Indianapolis.
This mission grew
Episcopal Church in 1855.
Al¬
several
this
Manhattan
under
take effect
par
share
45,607
t-.,;:,.:-;-:-'-.-v/-1;';;
■
included
..;/■■
•
assets of
subsidiary
,'7:
the
trustee
compares
1,193,970
45,968
on
West
and 4#
1951;
1,
;!/
,..*,;
and
$397,629.
rural
a
some
Sugar
funded
1,193,970
yh-V
.*'
■
appraised
the
3,942,068
——.I.--
1944
including interest clue March
proceeds of these bonds.
value of new cftuVch
The
Cheplin
by
38th
&
of
dividend of
stock,
debt;-
(.required
accordance
the
from
of
3,877,901
leased
for
Court,
order to effect a saving in interest on its outstanding
mortgagor on March lr 1943 paid in full the balance, of
$154,000 outstanding mortgage.
Funds for this purpose were obtained
through a temporary, unsecured bank loan which is to be retired
'
Canadian
Brockton Gas Light Co.—12-Cent Distribution—
73,085
Purpose—In
debt,
in
'
Bank
to
A-
1942, with respect to which
is pending before the U. S.
Supreme
held' liable for Federal income taxes for the
.years 1933: to *1937, inclusive.
The amount of the taxes determined in
new
*
thereafter to j»atority:.;v *■■
annum
tion
2,828,570
payable semi-annually at following rates: 3% per annum to
interest due March 1, 1947; 3Vh7<? per annum from
I,. 1947,
$5,500,343
3,952,485
$6,501,866
73,428
including
March
20,337
$9,896,297
disc,
$2,174,356
.
First National
or
post-war
$16,685,354.
'
the
of
ing the 1st mtge. leasehold' 7%
$5,480,006
10,301
;
2,829,413
U..S.
'y:
privileges
/*V!*.
*.'
,
.
' Interest
;
Trust
of
'Total
any
to March 1, 1958.
Coupon in denominations of $1,000, $500 and $100, registerable as
to principal at office of Fletcher Trust
Co., Indianapolis, Ind., trustee.
Principal and interest payable in lawful money of the U. S. of America
jafc office of trustee, or at option of holder at Continental Illinois Na-
'
$6,491,565
d_!l—
Operating loss for
ing from IOOV2 and interest to 101 and interest, accord¬
ing to maturity.
•
1,
$5,042,301;
and
):■■*,;;%.%
corporate
1,055,280
78,908
..
Offered—An issue of $150,000 first
mortgage 3-3%s-and 4% serial bonds is being offered
by B. C. Zeigler & Co., West Bend, Wis., at prices rang¬
March
for
reserve
taxes,
agencies.
announced
Broadway
The
602,218
1,056,892
to
apolis, Ind.—Bonds
Dated
647,395
\
2,831,403
Rent
Board of Trustees of North Methodist Church, Indian¬
■
is
Resigns—
$7,137,504
11,694,905 \
taxes—
Other deductions'
preferences,
and
qualifications thereof, of the preferred
600.
p.
used
be
designations,
present
powers, or restrictions or
stock.—V.
subject
used,
subparagraph
the
$8,195,851
debt-
a
surplus may
in
American
688;.
25,275
Subway and rapid transit line rent.
incorporation,
preferred
available
be
total,
$325,132
by Dr. H. A. Cheplin.
change of management
p.
Cr9,633
$11,568,973
included)^)
of
assets
purchase
Y.,
no
2,611,968
Cr23,342
*
Dividends
of
the
from
36,348
2,453,091
Crl2.023
;
22,229
funded
on
Amort,
13,911, being the number of shares of sum stock now outstanding.
;
fb) Reduce the statutory capital of the company by $1,219,790, being
amount
applicable to the preferred stock to be retired; i.e., to
$4,696,998; and provide that all of the $1,219,790 of surplus resulting
,
tax
JDr$l,192,480;
other
Acquisition—
N.
1,722.675
income
income,
Interest
to
number
inc:
$965,672;
profits
commitments
8,623,511
51.588
Operating;income'iJ—*_. !; $9,874,068
$6,782,218 $10,364,677 $16,034,585
amendment
amended,
the
municipal
etc.,
excess
1943—3 Mos.—1942
(a) Retire the 10,691 shares of preferred stock purchased for the
sinking fund and the 398 shares of preferred stock held in treasury,
and
(no.
and
Non-operating
meeting
1,850,733
8,887,683
'
2,744,371
investment-
State
Latin
-
3,206,573
2,145,103
Operating inc." before taxes.
(Sidney) Blumenthal & Co., Inc.—Changes in Capital
i
and
3,105,088
10,309,661
miscellaneous
.
Transportation
2,965,779
3,217,070
and
inventories,
on
1923
3,122,157
General
$6,036,620
and
;
Way.':and::stractnresr-^t_'__-.._,_.
accruals,
income
losses
Note—The foregoing statement includes net current
111,144
:
$33,230,393 $27,583,214 $26,422,961
•
1047.
p.
,
-
*
;;■
,
1943—Month—1942
.treasury stock,
$32,608,835 $27,036,884 $25,827,601
621,558
546,330
v
595,360
Equipment:
Power,_ia*JU'-tuLConducting, tfaiisportation —
,
and
126,073
payable,
Canadian
future
adjustments, $750,000; capital stock ($5 par), $3,501,400; capital sur¬
plus, $1,759,603; earned surplus, $5,858,859; cost of 33,029 shares of
1940
The
operating, revenue—
Operating, expenses:'":*
'
and
for
.reserve
1941
67,37?
transportationrev'.. from, other, operations—
"Total
Stores, Inc.—-March Sales Off 42.5%-—
Period End. Mar. 31—
■;*
Liabilities—Accounts
Federal
.
942
Fed,- taxes
Bond
,
of
1360.
v>
Total
■
/v;!.*,/!,</.;;
p. 1047.
' <
157,
1942
Total,, rev.":* from
-
$30,418,600 $23,133,754
of
reserve
Increase
an
"
'
"Less
was
ended
$32,541,461 $26,910,811 $25,716,457
Special car* and jspec,; bus-* revenue.
2',181,339
•
Dr49,092
!.
280,000
115;000
11,120,495
^_L—2,181,339*
'Earned
>
.711,000!
11,120,495
(8,015
week
.
31% «*v
Years. Ended Dec.
.
2,373,792
■
stock
11.8%.
Passenger: revenue
•
134,950
•Capital
Treasury
of
Boston Elevated Ry.—Income Statement—
""
550,000
fund—'V:
stock
increase
an
-M5%. 0yer
.J.2CL >; •:
44,987
/
2,500,000
next
——--tT.-—1,686,927
long-term debt.—A' 2,232,971
and
^.'Capital
1942,,
For;the^ preeedingweek', output was 33,188,000 kwh.,
the 'cofrespohding'week last year.—V. 157, p.
V
•*
197,990
allowances_-„___,________:_:
Reserves
April-11,
wholly owned subsidiary companies located in foreign countries other
than Canada, $690,131; employees' accounts
receivable, $6,713; other
.investments, $6,176; post-war refund of excess profits taxes,
$379,626;
.deferred charges, to future operations,, including
prepaid advertising,
$527,804; fixed assets (less reserve for depreciation of
$2,043,431),
.$2,694,097; trademarks, goodwill, etc., $1; total, $16,685,354.
the
1,297,556
treasury)-'—-—243,000
(Incentive compensation
'32,277,000 ikwh., as''Compared with 28,861,000 kwh. for the
'
'
395,807
installments—i - 46v820
.(less- bonds in"
' '!
1
'
1,146,293
profits taxes--",
excess
renegotiation of Government contracts
•purchase
!'
inc.
.'*■
:>? *'48,842 •>'
'
!-S;806,314
liabilities«_I^a^-.^U-Ji.i^LJ.'i,-'w*.:*.
Reserve* fox- Fed.
Res.
% 00,953*
*V!*
and
-Net'1 system "output of the Boston Edison*
Co*., as reported to
Edison • Electric: Institute* for
the
week
ended
April 10, 1943,
1419
,
Volume
investments
amounted
on
stocks
March
and
7
to
at
March
31, 1943,
was
$5,507,448 and
$350,555.
31,
bond
1943,
comprised
issues,
including
66
2
common
U.
S.
stocks,
5
Government
Quarter Ended March 31
Account for
Income
194$
Dividends
Taxable div. distribution
,
$60,794
.
$55,723
"4*014
1,819
Interest
1,823
——
i
493
$67,093
$62,040
——
251,271
62,700
64,800
665,670
468,307
taxes—---——
38,645
45,492
404,884
427,833
retire, res. appro.
40,750
39,250
531,757
441,500
3,132
2,998
36,935
37,075
$1,074,979
$906,547
Federal
Total
Total
$61,287
48,947
$59,736
40,652
$24,972
$26,441
$12,340
$16,504
108,758
17,578
$24,972
14,364,962
$26,441
§$96,417
§$1,073
14,365,747
14,425,630
14,453,104
$65,682
income
expense-.—:
$67,093
v.
40,711
—
*
Net
•
income
"Net loss
Net
sales-—
on
income—
oper.
*Cap. surp. bal. Dec. 31
vAccumulated
net
loss
'
for
years'
retired
taxes
income
$109,268
revs.
$90,854
483
$90,871
$1,075,462
Interest
—18,958
bonds
mtge.
on
interest
18,958
227,500
5
17
•
';
.
944
1,224
>
$70,689
applic.
.'-I
period
••;■■' 108,054
stock
pref.
to
the
for
$4,820,662
15,062
Central
,
Hudson
Gas
Income
profit
net
in 1941 and $1,347 in 1942.
§Loss.
sales of $35
on
security profits and losses.
Assets—•:
cost
average
350,555
19,709
bank-.
in
Cash
at
receivable
Dividends
tDeferred charges
corporation income
Liabilities—
v
.
^
$7,150,659
Other
$27,765
$27,671
amortization, etc.—
interest,
Provision for taxes—
Net
14,397
46,970
5,895
564,692
.
of
reservations
March 31,
of
as
1943,
was
in
1941
1942
Net
income
operating
income
Other
Total
:
paid
'•■Assets—
———
Loss
$3,160,692
106,669
$3,298,104
80,135
$4,877,979
:
132,932
$5,010,911
$3,378,239
$3 ,267,361
40,000
38,365
10,675
of
sale
21,986
25,561
'
stock
properties
12,651
Reduc. in carrying
53,500
.4
assets
miscell.
for fgn.
Prbv.
Investment
refund
Post-war
■
Net
dividends
of
■
146,896
172,033
1,218,682
-"vV"
1,219,202
$3.97
■
1940.
V/.
Consolidated
Assets—Cash
(less
ties
$3.56
banks
in
of
reserve
accounts
and
$75,439
notes
and
Balance
hand,
on
to
Sheet,
"■'
Dec.
31,
y.'
1942
'
$7,449,810; marketable securi¬
to quoted values), $2,227,940;
reduce
receivable—trade—(less
$567,057),
reserves
sundry debtors,
and cattle
inventories
refund
war
(less
of
(less
Federal
$60,718), $274,770; estimated post¬
profits taxes, $196,000; capital assets,
reserves
excess
depreciation and general obsolescence of $13,192,515),
trade-marks and goodwill, $1; deferred charges,
$276,819; total, $37,416,340.
V
y
,
Dividends
Total
patents,
Liabilities—Trade
accounts
payable
$562,712;
taxes,
accounts
payable
accrued
and
for
and
payrolls,
$3,594,864;
$570,858;
expenses,
Federal
income
and
accrued
Liabilities—
107,700
4%
reserve
cumulative
first
excess
stock ($100 par), $5,000,000; common
shares), $10,056,882; earned surplus, $10,327,086;
total, $37,416,340.—V. 156, p. 989.
\
:
'
;
(609,508
no
preferred
par
Celanese Corp. of America—Sales 22%
...Sales
for
the
first
two
the
Higher—
same
months
of 1943
were
approximately 22%
period of 1942, stockholders were advised,
at the annual meeting held April 14. by Dr. Camille Dreyfus, President.
The trend to larger sales volume, indicated in the company's annual
greater than
report for
for
labor,
to
taking the
In view of all the uncertainties, such as taxes, scarcity
it is not possible at this time to' make any prophecy
etc.,
the
final
net
results
of
operations for 1943, he stated, but if
present indications continue the company management is hopeful that
net earnings
might equal
and possibly surpass last year's record
as
.
.
figures.-
396,973
Wages Increased—
National
War
averaging 4 cents
provided for in
are
Textile
include
a
3
cents
for
Board
March
25
granted pay raises
approximately 9,400 workers at the.
on
corporation, near Cumberland, Md.
The increases
negotiated agreement between the company and
a
Workers
adjustments
p.
Labor
hour to the
an
Amcelle plant of the
the
$1,926,589
940,197
942,881
iU—
$759,381
$983,709
182,573
323,721
' 334,095
:
———.
liabilities
334,096
1,203,030
'
construction
of
273,606
preferred stock—i—
on preferred
stock—i—
Serial
7,030,000
17,020
13,235,224
5,426,049
—L——'
—-
reserve
credit
Surplus
5,009,404
410,737
claims
Central Illinois Light Co.—Earnings—
1941
1942 *' $11,044,886 $10,424,854
>l'
*—
income
Gross
on
of
Amort,
and
interest
and
stock,
capital
on
/
payable and
wages
v
$1,234,300;
■';,>■
' ;
;
charges, $50,income after
accrued
Central Power & Light Co.—Regular Dividends—
April 3, 1943, the directors declared quarterly
share on the 7% cumul. preferred stock and
the 6%: cumul. preferred stock, both payable May
1 to holders of record April 15.
On Feb. 10, last, the company paid a dividend of $3.92 Vi per share
on
the 7%
cumul. preferred stock and one of $3.36'/a per share on
the 6% cumul. preferred stock, which wiped out all accruals on both
issues.
See V. 157, p. 439.
'-V
of
$1.50 per
$1.75
Central
V
The
bids
1,147,792
per
on
States Edison, Inc.—Tenders
will until
company
for
March
the
sale
to
it
12 o'clock
of
Noon
Sought—
(E.W.T.)
to $50,000 of
up
1950, at-prices not to exceed
1,
872,700
May 3 receive
bonds due
on
collateral
trust
and int.—V.
par
156,
1949.
p.
555,827
Central
2,118
$1,359,137
curities—
2,008
Cr34,992
Vermont
Public
Service
Co.—To
Purchase
Vermont Properties of Twin State Gas & Electric Co.—
To Finance Acquisition Through Private Sale of Se¬
86,015
86,015
Cr2.249
$1,65$,014
.
held
share
625,960
& expense-
meeting
a
dividends
$2,335,005
other charges-
construction
to
charged
•
128.
p.
300,000
625.960
debt
debt disct., prem.
Miscellaneous
Interest
1,164,000
$2,070,980
—
long-term
31,1942
567; dividend payable, $75,000; reserve for taxes on
payments on account of $77,808, $105,000;
capital stock
($1 par),
$2,500,000; earned surplus account, $924,104; total, $3,654,670.—V. 157,
574,335
621,317
Provision for depreciation
1,236,000
Amort, of utility plant acquis, adjust, account300,000
General taxes
1,180,184
Federal income
taxes— _A—862,000
Federal excess profits taxes————*1,043,000
Interest
Dec.
3,475,195
—-r——-■'3,731,405-
Maintenance
at
as
and
property, $589,852; discount
$24,413; total, $3,654,670.
Liabilities—Accounts
1,254,912
value.—V. 156, p. 1147.
revenue
banks
income
Net
——
post-war refund of $115,900.
"Less
Balance Sheet,
;S".■■■".\..
See Twin State Gas & Electric Co.—V. 157,
;
Chesapeake & Ohio Ry.—Certificates Awarded—
:■;.'■•
Halsey,
$262,441; cash, $292,000;
ties,
$712,937; U.
and
interest
$144,091),
$718,910;
S.
•■
' •'■•'/'
equipment
Treasury
(less
receivable
deferred debits, $305,074;
157,
p.
Union
general
of
America,
increase
for
all
classifications
certain
CIO,
Local
employees
within
the
1873.
They
additional
and
plant.—V.
Co.—Annual Report—
of
15
99.26
for
for
years.
bid
1%&—V.
The
.
for
99.289
157,
'
$5,200,000
l^s.
l7/8s and Harris,
-i
1266.
p.
,
'
Hall & Co.
,
^ l « , :
< •:
Manufacturing Co. Consolidated—AnReport—:
•
.
•
(Excluding English Subsidiary)
Calendar Years—: s.
"Net
profit
tEarnings
"After
120,000
share_——————J_
per
of
Note—United
States
totaled
1942
Current
and
as
of
as
Dec. 31,
excess
profits
$6.27
taxes,
1942
1941
1940
$16,718,270 $16,200,389 $15,210,403
1,966,629
1,972,728
2,021,006
Other operations
3,890,100
3,651,368
3,558,549
Maintenance
——872,966
896,696
828,194
Depreciation
2,369,229
2,293,491
2,190,577
Amortization of franchises
6,243
6,345
7,765
ton
■:y:'
■
income
last,
$988,708,
were
and
and excess profits taxes
compared- with $303,210 for 1941.
foreign
$794,061
assets
liabilities
1941
$752,044
$6.95
and Federal income
capital stock.
charges
shares
current
1942 :
$834,114
;;
:
—-
amounted
comparing
to
with
$4,728,208
and
and
$4,090,424
$487,740, respectively, at close of tne preceding year.—V. 153,
Income Account
p.
1271.
Years Ended Dec. 31—
Operating
Chesebrough Building Co.—Tenders Sought—
•
revenues
Operation, power and gas purchased
other than income and
profits taxes
1—
Taxes,
cess
Net
operating
income
1,542,264
283,269
976,000
1,569,605
$3,979,983
$3,984,624
$4,330,651
153
Dr2,114
9,597
Gross
$3,980,136
$3,982,510
$4,340,248
—
1,509,646
1,730,833
1,790,042
292,467
11,463
3,777
261,757
Cr20,431
5,013
260,193
Crl6,311
5,543
$2,162,783
3,131,909
$2,005,339
1,708,314
$2,300,781
1,423,595
income—
(net)—
...—j
income
it
of
first
and
p.
m.
mortgage
Oct. 1,
prices
dated
$20,016.57
Bank
Hanover
will until 2
City,
to
tificates,
,
at
& Trust Co.,
trustee, 70 Broadway,
(E.W.T.) on May 6 receive bids for the,
25-year 6% sinking fund gold loan cer¬
1923, to an
amount sufficient to
absorb
not to exceed 102'/a and interest.—V. 124,
1224.
764,303
Chicago
and ex¬
—
Central
Y.
sale
1,509,358
1,598,120
——
profits taxes
income
The
N.
p.
1,059,000
Charges in lieu of
cess
ex¬
taxes
Income
Other
Celotex Corp.—12^-Cent Common Dividend—
price
Chesebrough
nual
for
157,
1266.
ten
& Hutzler
for
bidder April
.
1266.
Central Illinois Public Service
to
one
Bros.
99.26
(Inc.),
tax savings notes, $2,500,000; accounts
reserve
for uncollectible accounts of
total, $56,016,333.
\
Liabilities—4(4% preferred stock, cum. ($100 par), $11,146,400; com¬
mon stock
(210,000 shares, no par), $10,833,988; long-term debt $18,554,300; accounts payable, $300,568; accrued general taxes, $728,785; ac¬
crued Federal income and excess profits taxes, $2,041,185; accrued interest,
$163,008; customers' deposits, $49,498; miscellaneous current liabilities,
$36,563; deferred credits, $141,857; reserves, $8,108,111; contributions
in
aid of
construction,
$300,316; earned surplus, $3,611,754; total,
$56,016,333.—V.
Salomon
/
$1,054,228; materials and supplies, stated at average cost,
prepayments,
$99,901; post-war refund of excess profits
taxes; $115,900;
Stuart & Co., Inc., was high
trust certificates, naming a
issue matures in
$49,954,942; investment and fund accounts,
U. S. Government and Federal agency securi¬
plant,
Assets—Utility
Dec. 31, 1942
Milwaukee
St.
Paul
&
Pacific
Asked to Reconsider Plan—
The
U.
March
15
S.
Supreme
decision
Court
was
asked
April
8
to
reconsider
its
approving,
Commission
Commerce
RR.—Court!
-
with minor modifications, an Interstate
plan for reorganization of the road under the
Federal
Bankruptcy Act.
A request for a rehearing was filed by Meyer Abrams, Chicago at¬
torney, for Israel A. Abrams and other adjustment mortgage bond¬
.
The directors on
share
per
on
the
$1.25 per share
of
record
tions
Aug.
and
of
on
April 10 declared
common
Interest
the
Amortization
and
usual
dividend of
the preferred stock, both payable May 4 to holders
April 20.
12(4
stock
quarterly dividend of 12(4 cents
a
cents
Like
per
amounts
share
were
were
8 and Oct. 31.
1942, comnared
May 7, 1942.—V. 157, p. 1266.
paid
made
with
on
on
25
quarterly
Feb.
the
cents
6,
last.
common
each
on
Distribu¬
stock
31
debt
long-term
Of
interest
Other
income
Net
debt
discount,
etc.
(net)
deductions
income
—
on
Jan.
General
on
Preferred
dividends
—
—
■'"Vf
575,000
marketable
in
and
sundry,
At
"Represented by 1,500,000 shares of no par
Sheet
Balance
in
$618,176
$481,247 '
503,068
$46,145,249 $45,341,998
'Operation'..
8,534
138,022
on
hand, $215,737; bullion, $156,734;
securities,
$609,750;
accrued
interest on
bonds, $1,865; accounts receivable and advances, $16,362; Canadian
National Ry. 3%
debentures, $24,312; inventories, $360,102; prepaid
insurance and sundry deferred charges, $3,277; buildings and equip¬
ment
(less reserve for depreciation
of $906,454), $417,965; mining
707,872
1,363,108
• —————
'
v
.'■v^ 375,000
...
investment
7,030,000
665,342
———-——■
Years Ended Dec. 31—
'<
•
i
r
for year
1
13,235,224
reserves
2,288
124,925
-
Dividends
17,020
stock i——j—.i
Depreciation
248,018
176,786
income—————
on
$1,012,750
$785,246
buildings and equipment—A—
on
profit
Net
•\
494,863
:
r.-——
aid
693,214
300,311
'512,760
—
——
deposit
in
$15,465,000 $15,465,000
y.
_yi
declared
29,042
^
25,865
earned——.——
———
.1,197,646
—
The
1941
$1,950,549
:•
23,960
—
expenses—
interest
Provisions for taxes
a
continue
greater share.
of
has continued in 1943, Dr. Dreyfus stated.
good, he said, with taxes, of course,
1942,
Earnings
and
189,993
;y;.'-
other
general
profits taxes
(less
U.
S.
Treasury notes,
tart series, of $3,000,000),' $1,395,875;
dividends
payable Jan. 2,
1943, $353,960; fifteen-year
3%. sinking
fund debentures, $4,000,000; contingencies reserve, $275,000; insurance
reserves, $1,277,344; minority interest in subsidiary company, $1,760;
stock
and
income
Depreciation
.
,.
'
31
for
reserves
$12,239,075;
527,011
$46,145,249 $45,341,998
$4,-
including employees' expense advances, $231,507; inventories, $9,170,096; investments in and advances to affiliated
•companies, $1,007,497; miscellaneous receivables, sundry investments,
342,824;
—
Operating profit _;_L——
i
r
100,462
7":. Total
Gross
' $3.83
"Includes excess profits taxes of $2,775,000 in 1942 after estimated
debt retirement credit of $84,000, $1,105,000 in 1941 and $167,000 in
$3.90
stock
common
.
—
—_
share
per
expenses
costs
Assets—Cash
..
$2,508,095
$2,319,027
Dec.
$1,720,634
21,055
Outside -exploration
193,980
i——
Total
$2,742,655
$2,564,451
167,106-'
146,795
1,218,978
1,219,182
■
'' ../■;. ■ ■■
Ended
19,748
progress—————.
in
629,170
830,395
496,577
Work
Crl96,000
dividends
Common
Earnings
7,171
..
marketing
Operating
.
585,173
13,534
Years
for
552,975
^
565,583
.
—
charges
exc.
profit
Preferred
:
of
8,143
*971,500
Bullion
946,200
-,v
———y-—.
Prepayments
Deferred
*2,359,000
*4,165,000
profits taxes
t-
■•i'v
43,772
—
Operations
1942
" 299,911
v
464,181
,
securities—
Deferred
Other
10,000
off-
for Fed. inc. taxes
Prov.
*97,280
34,257
affiliated
in
company
Inventories
"Common
exch. loss
written
Miscell. charges
■.
678,989
.;
Premium
8,528
stock and debentures-
of
_4—w-
'
1941
contracts——
Instalment
Contribution
Exp. on issuance of pfd<
•■Ho.r
543,573
„——„
receivable
Customers*
value
Statement
$41,401,040 $40,629,759
357,692
357,692
expenses-
deposits
Accrued
—
Central Patricia Gold Mines, Ltd.—Annual Report—
Production
;
1942
r__——
Government
S.
Accounts
Dividends
miscell.
31
.
Long-term debt
Accounts payable
1,046
! v
•
16,141
84,528
__——
securities
on
of
$4,109,211
903,772
v.
44,746
sale of market¬
Loss on
able
$4,291,635
963,008
-V- 30,523
H)
in
Interest
and interest.
April 29, ;1943.~V. 157) p. 1360.
at prices not to exceed 105 V*
:—
amounting to $688,760
for Federal income tax
Utility plant —>-1.—-
Special
$6,889,523
...
•_
interest
$1,625,427
316,383
1,200,000
Comparative Balance Sheet, Dec.
U.
1939
1940
:
$5,931,195
•: .1,027,547
25,668
$6,797,692
91,831
,
—
income
Interest
.Other
$1,463,928
316,382
1,065.000
V
(Including Subsidiaries)
Income Account, Years Ended Dec. 31
Prov.
$1,397,225
316,382
1,020,000
^
bonds, series H, to an amount to absorb $200,273, held
3Vi%
accepted bonds will cease
on
$1,625,427
Sought—\
$402,970 in 1940, and $140,007 in 1941.
1942,
Investments
Prov.
gage
Co.—Tenders
Power
Colony Trust Co., trustee, Boston, Mass., will until noon
receive bids for the sale to it of first and general mort¬
$1,699,578
$7,150,659
dividends—
Common
Capital
$8,046,965
for depreciation—/
1,224,273
for gen. obsolesc.
25,000
Old
April 27
4
4,635,196
securities owned
of
$1,543,928
80,000
(& Subs.)—Annual Report—
operations-
——$100,587,907 $99,420,635
"
$5,507,448 and as of March 31, 1942, was $3,840,837.
tDeferred
charges including $76,304 in 1943 and $86,366 in 1942 unamortized
debentures discount and expense.—V. 157, p. 1048.
:
V.
Carnation Co.
liabilities—
157, p. 518.
The
on
15,052
$1,517,225
Y - 120,000
i:
"Including provision
value
income
dividends
Preferred
■
market
net
inc. after spec. res.
Balance of net
565,192
$7,001,891
——————————
—
from
'
Cr53
Cr669
;
3,723
1,872,000
..
4,470,267
Surplus, w*——i-y
income———i—-
corporate
Miscell.
46* 782
1,872,000
debentures, due Nov..l, 1950——y
($1 par)—'^y,
Common stock
Profit
$2,190,663
550,183
•
———
securities purchasedl;
M
Accounts payable and accrued expenses———
■
$2,099,584
555,708
463,950
.v
interest
'the sinking fund,
Accounts payable for
,
$1,980,506
-
!
20,109
!'U
Dividends payable
"The
$2,170,554
bonds_
on
I'i
t'1".:"
taxes
'
current
Central Maine
Gross
i
(par
Total
459,015
4,292,716
—
-V.
income———
Non-operating income—
..16,739
88,801
i
——y;. $7,001,891
Total
$2,091,822
7,762
10,697
:—
Operating
Interest
15-year 5%
$1,973,155
7,351
L——
,
/
•
.
78,028
———..4—■—
revenues
4.
-
—
—,w
—XA-.-—X 2,015,0851,207,695
>^.1——^X/.:453,867'
468,537
—h—I* 37,237
26,087
Deferred liabilities
;Xv 252,545
324,680
Depreciation reserve,
8,650,600
7,111,025
Contributions, in aid of construction
151,825
69,687
Paid-in surplus4i_—X_—X~;_.4——..
•; 63,146
63,146
Earned surplus
XXu.—~X—XX—4X4X-:—' - 4,682,831
4,675,956
$9,018,102
<v 4,497,156
.> <
913,500
14,482
1,422,408
"Taxes
1942
$6,586,104
1943$6,553,599
-
"Investment
:
expenses
Uncollectible
1
.
1940
1941
$9,217,962
4,993,396
996,140
8,333
1,128,271
stock
-
Accrued
Other
1,677.288
expenses
Depreciation
V"-'
Sheet, March 31
4,000,399
process
$100,587,907 $99,420,635
Accrued
;
v',-,"
$9,070,037
4,394,896
1,014,000
revenues
Operating
^Exclusive of
Comparative Balance
Re¬
7,
1942
Operating
in
1,625,557
1,582,833
80,463
$10,413,720 $10,413,720
$6 cum. pfd. stock (279,143 shares no par)——:
26,021,965
26,021,965
6% cumulative pfd. stock (par $100)
593,000
593,000
Long-term debt
46,400,000 47,000,000
Notes payable to banks
r——XX —;
280,000
Accounts payable
-X+X.-A
485,560
648,669
Customers' deposits
366,526
516,46®
$569,411
Calendar Years
1
tAfter adding
on
discount, premium and expense
amortization
Common
108,054
>
77S:;' *'
;
'
1,185,111
92,240
,
——
Liabilities— ','■'
$677,465
Corp.—Annual
Electric
&
Statement for
$4,805,600
$4,575,397
basis of average cost).
(computed
"Of investments
:•
$727,535
1'.,3v '7
port-^ .'
'
1,247,257
1,002,150
—
Total
1144.
p.
123,312
.
—
'.
11,901
$835,589
—————_
—V. 157,
14,206
$4,635,196
$4,470,267
31
March
Balance
Debt
9,631,369
$4,589,603
$4,663,455
28,260
28,235
——
Balance
1941
'993,220
125,998
999,991
993,220
,.
''.
securities
Prepayments
227,500
12,373
$89,381
\
——.i_—
income
Dividends
9,685,369
expense—
——_—
Government
v
■
1942
'
$90,679,870 $89,719,857
Special deposits ——————26,165
Customers' accounts and notes receivable, etCf1,237,183
.
Cr656,755
'
S.
v: of
Cr646
Cr704,880
31
Dec.
$916,866
15
■
i.
".
U.
10,319
$109,283
(net)_^
income
Gross
Dr54,887
_—LA—/ $4,498,502
declared
ltd.-term inv.
Sheet,
j
Investments,
Cash
,■
inc.'
net
Balance
Dividends
Other
Net
bal. Dec. 31_;-
Oper. def.
of
Other
a-—U-J-''
—
'^Undistributed
227,208
1
.
prior
for
prov.
_™
—_
operating
.
shrs.
com.
Excess
expenses.
$494,665
i
1
**
Materials and supplies———————
Net
-1
over par
$481,703
taxes
Amort,
—110,596,312 t'10,385,487
val. paid
'■• ■'
sales
from
Excess
Prop,
43,232
—_
'
Utility plant, etc..——
——
Preferred stock selling commis, and
$4,959,506
2,678,244
$5,730,390
3,016,165
revenues
Operating
Operating
1'»'
s
'■
1943—12 Mos,—1942
1943—Month—1942,
Period End. Feb. 28—
Other
v
Balance
Central Arizona Light & Power Co. —Earnings—
.
1940
1941
1492
Monday, April 19, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
1420
holders.
...
Statistics
of
with
V.
were
presented which the attorney said showed an increase
railroad's assets on Jan. 31,. 1943, as compared
$91,725,807. in the
the
157,
date
p.' 1267.
when
the
Commission
had
determined
the. assets.—
t.
;
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157
1421
T——'
'
well drilling programs will have to be materially expanded during 1943.,
Nevertheless, the System anticipates construction expenditures of only
$12,000,000 during the coming year as'compared with1 $16^)00,000
Chicago, North Shore & Milwaukee RR.—New Trus-A
tees—
Coincident
•
April
on
Fallon
J.
title
the
Col.
'
.
.
with
the
A.
■'
A'"
of the Court status of
changing
this company
A.
Edward J.
Quinn and John B. Gallagher being named as trustees by U. S. Judge
Michael L. Igoe. - The change in the Court proceedings involving the
railroad resulted from reorganization proceedings initiated by a group
of bondholders.
' '
.-V-•.
A.
and Mr.
Sprague
.
Securities
The
law
the
of the
Commission
Sprague
because of the
North Shore Line.
and
Mr.
notified
Fallon
pany-.—'V. 155, p. 1504.
Denied—...,r,
'•
r-.v.
North
&
Chicago
<
Western
;;;a AA
'?
}.A:-,'A A;A>a
Aa
•■
v
A
The ICC on March 27 denied the application of the trustee to aban¬
a
line of railroad extending from Bells Plaine to What -Cheer,
approximately 37,692 miles, all in Benton, Tama, Poweskiek, and
Keokuk.. Counties, Iowa.—V. 157, p.
i360.AAAAA:(A'''i;' l-,fA: 'AA A A
the
gate.
to
and
$3,811,006,
$5,594,417;
Jan.
The
with
of .this
end
interest
loan
RFC
to
Jan.
to
to
amounts
year.,- Bank
1,
1942,
-
and
$13,718,700
The
but
National
board
a
Labor
War
arbitration
of
is
also
At
the
to
fund
"
for in the new
payment provided
1
1.
held
March
31,
both the
on
1943,
old and
April 1,
The
and
Columbia
Oil's'holdings
whom
Columbia
Columbia
and
Gas
Lucille
"or
I.
Fhillips
has
contract
Oil
Dammann,
so
Claude Neon Lights, Inc., of New
expires
tbe
that
Calendar
Net
'•
A'A/A"
Years—.
income
after
"Loss.—V.
151,
(b)
The
of
SEC
the
April
to
will
It
When
maintenance of such
involved in the
order
The
16,
effective
became
the
at
1943.
close
of
In
session
the
plaintiffs.;
are
with
if
the
receive
of
will
to
time
extended,
at
present
A.-..AA..A(;A.
,
plan
is
consummated,
.
Oil
&
Columbia
Co.,
its .order
In
of
the
ordered
It
Oil
order
—A $8,631,396
:
Sales
—v.- 157,
863.
1943—5 Wks.—1942
:
-
for
distribution
dividends
No
-
have
;.A
plan,
the
the
to
the
that
voting
.
that,
-
held,
also
power
revenues y
14;
Statement
Income
A
.
(A.A.
r:
'
Calendar
for
was
Inc.,
an.
with
April
on
10
in
Piqua,
Dearborn
Consolidated
the
that
Corp.
Avia
Lear
It
was
stated
that
by abount 20
stockholders.
(The
latter
corporation
was
established
in..." 1930 by
William P. Lear, President, and has plants-at Piqua,- Ohio, and Grand
Rapids, Mich., and engineering units in Hollywood, Calif., and New
York, N. Y. A (Chicago "Tribune").—-V. 150, p. 125.
"
;<•'
shares
of
stock
of
company
were, owned
,
Electric
',;i
annual
The
electricity
two
System
1934.
and
all
gas
in
services
the
System's
history.
During
1942
larger than during 1941 in spite of the fact
companies were sold to other interests in Feb¬
2.4%
billion
two
kilowatt
hours,
were
more
than
double
other than* Fed.
& exc.
inc.
prof,
taxes
taxes
accrued
Because of
the
the increase, in
year
was
in
excess
the tax burden at
a
of
$30,000,000.
rate disproportionate
consolidated net income after provi¬
sion for fixed charges and preferred stock dividends was only 19 cents
a
share of common stock as compared with 33 cents a share during
to
the
increase
in
gross
revenues,
the System's generating stations was
increased to 624,250 kw. by the completion of a 65,000 kw. generator
in
the
Columbia
Station of Cincinnati Gas & Electric.
To date,
the
maximum
demand on
the System's stations.. has amounted to
The
481,720
The
was
installed
capacity
of
kw.
number
slightly
anticipated'
of
wells drilled
by the
System's
natural
gas
companies
his
all
rights
court,
the
effect
to
the
t
has
at
been
interests
and
corporation
distribution
.A' *
'
certificates, and
receive payment of
at
the
office
Jersey City,
N.
of
$1
The
to
;the
A A
■
also
A
holders
the
share
per
of
upon
Corporation
Trust
J.
stock certificates and
surrendered' at
be, made
certificate.—V, 157,
the
of
'
'
Such
scrip
Trust
Corporation
the .rate ,of
at
1267..
stock.
common
office
therefor
p.
voting trust certificates,
certificates each of which,
'A
Income Statement of
20, cgnts for
.A'A 'A/ A
' '
%
^
Calendar
1941
Years
A,,:'
*
1940
1939
!
$19,579,627 $21,121,297 $16,140,527 $15,158,760
—
12,345,923
-
11,924,238
6,823,760
6,580,527
*
*
2,482,111
2,643,621
!
exps.
gen.
royalties,
3,457,647
2,879,347
2,231,320
,
2,757,465
$5,739,412
$3,955,309
$3,589,447
;'A.A; aA'-AAv;-A;;.-vAa '''•>■
$4,590,083
etc.
637,313
827,595
858,560
895,881
$5,227,396
A—;
int., disrents, etc.
income
disc'ts,
mantl. exps.,
■
—
$6,567,007
$4,813,869
$4,485,328
671,082
phc.
to
664,094
357,635
285,016
§1,927,300
782,666
"::A
AAA, aAA-'AA-'
Federal inc. tax
(est.).
§2,000,000
Proportion of profit apt a A
;. A-A
A;
574,099
293,417
9,095
abandonment
on
of fixed assets—
.
506,342
:
minor. int._4 ;A:AA.'' 85,642
profit
Net
ital
A
1,748,334
146,049
■,
30,969
!
:
A
252,114
.A
"AAA— A— 21,078,695
charges—''.-.3,545,207
Preferred dividends
v 2,450,012
Earnings applicable to minority interests——
6,940
cap-
surplus
adjust,
for
$10,395,885
——_
(net)
mktble.
A
__
$10,126,539
172,773
'
—'
22,009,173
ital surplus A
Earnings per share
7,672,140
7,410,089
90,000
2,525,808
2,472,066
'A,v/:-;,A
2,418,327
-A,A
fAA-'A"AA%
■
$8,111,910
A
$5.83
—
$9,190,863
$681,888
177,505
cap-A
&
6,333,760
$9,159,447
160,000
2,283,976
[Total earned
$2,857,103
-A','
A.—
'
securs.
Dividends
21,757,059
175,611
&
Additional prov. for est.
Federal income tax—
9,974,825
>
Total
Res,
$3,132,659
$3,529,159
$3,068,799
;:'<.-.;A."vA:.
A A- AA.% ..
7,263,226
6,597,380
6,090.648
—
surplus
Surplus
52,237,013
6,221,472
14,325,649
20,903,084
$7,263,226
$6,597,380
$6.57
$5.71
'■
$6,090,648
$5.31
'
♦Depreciation
income
(interest,
'——
dividends and miscell.)
of
Gross
income
corporate
Interest
other
and
fixed
•
>
applicable to-corporation—
1942
2,450,012
■Other
and t'other
Administrative
expenses
Cr23,168
Interest
fixed
1942
*CrlO,436
1,819,222
1,490,667
13,660,739
and taxes
fixed
other
and
Consolidated
•Preferred
15,734,002
1938
'-i'A;AvA
All
1939
charges.
5,207,889
1941
5,472,669
—————AA
Cr320,820
Crl79,934
(Pounds)
—
°Not
including
companies.
■
*In
addition,
and
Phillips Petroleum Co. each
tion
is
2,320,030
3,981,602
$0.33'
years,
of
stock outst'g
com.
Oil
credits for
&
debt
Gasoline
$0.19
Corp.
retirement,
and
$761,300,
its
under
tFurnace
♦Consolidated
•Cash
cash
and
Interest
in
on
and
11,224,600
10,397,059
——
gas
______
deposits
9,555,595
1,786,417
1,711,406
766,688
4,950,960
Other
1,287,483
charges——_—
V
tion
1,063,043
—
29,161,315
65,071,128
23,711,233
23,741,849
60,491,810
23,420,405
carbon
black
50%.
(- t -1*. .C
(
—698,400,379 719,099,107
;
A
\1'.
57,298,364
produced
were
Columbian
Operation of
Carbon
by
Co.
said corpora¬
'
...■'
;
"other pigments" in previous
"carbon black."
i A
'
*
among
as
S.
Sheet, Dec. 31,
tax
Treasury
A
1.94'J
notes,
reserve), $740,487;
,
$505,000;'marr
accounts, receivable
etc.
(less
(est.),
$41,515
$112,499;
reserve),
$76,000; fixed assets
post-war
(less reserves for
patents,
goodwill,
etc.,
$1;
deferred
charges,
at
cost, $19,-
$356,365;
Securities
and
&
Southern
total,
Corp.—SEC Allows Deal
Exchange Commission
doubt
that
similar
transactions
approved April
its $6
acquisiA
but
be
the
approved ,in
future;
■
14
preferred stock,
should
•
"
■
74,610,833
28,028,748
28,810,756
by the corporation1 of 18,000 shares of
expressed
—
48,320,958
Gas
34,390,576
depletion and amortization of $26 628,734).
Commonwealth
The
5,617,535
'
Total
receivable,
—_
-
81,792,753
tingencies, $424,472; minority interest in subsid'ary companies. $1,123,933; capital stock (537,406 no par shares), $21,849,354; capital surplus,
$16,242; earned surplus, $8,095,668; total, $34,612,709—V. 156, p. 2221.
1,549,270
2,420,233
——
U.
$160,000
'(
29,681,185
Liabilities—Accounts payable and accrued accounts, $960,877; Federal
taxes, 1942 (est.), $2,142,163; reserve for Federal taxes, and other con¬
3,424,698
post-war refund of excess prof, tax
Unamortized debt discount, premium & expense
deferred
801,593;
lease rentals and
Estimated
(less
Natural
-
$34,612,709,
513,439
4,041,184
Gasoline
(M.Cu.Ft.*)
management.
included
profits tax credit
depreciation,
13,194,879
9,103,152
storage
in
A
$27,346 reserve), $2,006,044; raw materials, $2,058,056; construc¬
materials and supplies, $656,815; investments, $3,662,127; notes,
excess
85,058
.w—
were
$4,637,722;
securities
accounts
29,'765,948
——
and
$
39,359,917
26,650,577
supplies
etc.
tion
1941
594,889,617 606,373,661
w-w———w—___
—
insurance,. taxes,
royalties,
(less
1942
Columbian
blacks
Assets—Cash,
31
—
—
receivable
Special funds
Dec.
hand
investments
underground
Prepaid
Sheet,
:■:
advances-——27,767,038
Accounts receivable
Materials
-
——
—
securities
banks .and
in
.Temporary
^
parent
(Gallons)1
corporation
Consolidated Balance
post-war
$
Utility plant
Investment
Balance
A;
-
■.
.
A
,
and Butane ;
(42,603.139
own
but are this year classified
subsidiary
and
by
credit)
A ;'
(Poundsi
of
which
6,459,665
A-:"A-"
•
in
10,441,267
ketable
A
Co.;
6,453,640
refund, $766,688.
Assets—,-
pohnds
7,131,916
8,773,670
Columbia
(Less
—
Columb'an-Phillips
u._:lw^A__—
subsidiary stock
for post-war
Pigments
,
*126,702,110
126,815,925
134,862,614
120,244,793
S 117,835,192
i
paid—
Consol. earnings per share
a
$76,000
profits taxes.
income
net
dividends
Balance
,f
charges_ww
of
(after
excess
for
Carbon Black
Year—'
1940
before
Balance
acquisition
1941
and Other
A
Cr380,257 Crl,245,334
^auAwAA—wAAw
/revenues
of
$684,000
in
A" A-.. ;-A
%
A—Aa_A__A_AwwAA_——AAw'
revenues :
date
at
§Includes
$759,600
■AAA Aa.'A'
15,968,899
Columbia Gas & Electric Corpc— -
■Interest
value
and
A;'a'aaAA'- A'AaAA Production Figures for Calendar.,Years- 'AA;A;A:A!-:A'AAA„'.'
AA A/aa;''A.A AAA-AA '
»a:;AA:%iJ': Printing Ink >..'=> AAA-;
'A'; AA
A .A.
Iron Oxides
AiAA.A- '
.A'A.V'
7,351
15,076,536
book
company;
3,582,910
'
Balance
and depletion has been provided for in the amount
$3,095,203 in 1942 and $2,656,667 in 1941,
tOf which $16,242 is
surplus.
tAdjustment of gas properties of certa'n subsidiaries
capital
to
"A
greater than the .number drilled during 1941, and it is
that in order to meet gas requirements for. next winter,
Total
Cash
3,426,968
—
excess
operating revenue
Gas
1941.
be
will
sales-
of
Loss
33,820,110
9,778,874
6,634,774
113,539,506
a
during
it
A -;; ;
-
certificates
Place,
should
Previous earned
—
tax-AAA——A---—
for Federal
those
exclusive of taxes decreased 1.7%.
Accruals
taxes, however,-increased 19.5%, and accruals for Federal income
excess-profits taxes alone, increase 37.8%. « The total amount of
expenses
1942,
31,
stock
will
common
payment
comm.,
122,427,601 119,598,247
Vr"
•
Operating
for
describes the essential part played by
In the war eifort and shows the largest
1942
a
approved
was
share of common stock,
per
of
the
of
directed
A
■
Operating profit
Rentals, int., divs., disc.,
the
2,299,909
profits tax
Corp.—Annual Report—
Sales of gas by those companies now comprising the
the largest on record, and sales of electricity, which
were
exceeded
of
these
subsidiary
1942.
ruary,
for
natural
revenues were
gross
•
and
from
revenues
that
report
and
V,
$'A '
A_——w-——A A—
Interest capitalized
Columbia Gas &
order
common
their
Sell., adm. &
1941
uA—aA__ A-., i 6,400,228
Provision for retirements and depletion
14,473,674
v..
the 88,140
of
(net),Aw
80,602,834
—A——w—_-uAw—A——AAA 50,697,460
Maintenance
the stockholders of Lear Avia,
and accessory manufacturing concern,
Ohio, have arranged to sell their stock
aviation ( equipment
headquarters
the
to
announced
settlement
Deprec. and depletion—
under
2,262,053
revenues
gross
Operation
A Net
Consolidated Dearborn Corp.—Acquisition—. .; ;
It
the
certificates,
of
such
Cost
:
—
if
A
which
and
30
A'-AA: Columbian Carbon Co. (& Subs.)—Annual Report—
A
36,138,363
Provision
;
Dec.
Years
$
-AAw^w,--;w_-w—
Railway and bus—A—_w__
Water, steam and other operations—A—Total
i
v:'AAA;A\AA
•
with
Exchange
and
Sales
Columbia
1942
•
'A 5
.
Electric
A
corporation;
on
1942
rectify the condition by changing its present stock
a single class of common stock in an
appropriate
AAAAA AA;hAA.;;.i.AAAA A
to
into
A;-
$6,883,198 $22,127,550 $17,292,043
United Gas Improvement Co.—V. 151, p, 1861.
interest through
Co., holding it for
Co.—V.T57, pA'1267.
Corp.—Winding Up Plan-
stockholder $1
full
Consolidated
Connecticut Ry. & Lighting Co.—UGI to Sell Control
See
Columbia
are
outstanding certain bearer . scrip
effect, represents one-fifth of a share of
each
,
among
the event the plan is not consummated,
in
Provision for Federal income
"
the
this
on
v-
,
81,727,277
..
the
held
up
common
be' in
authorized
trust
15
Co.
corporation
declared
been
A'-,'A 'A-.;
Commission
.
Act,
Company
Subsidiary Companies—
Gross
1943—13 Wks.—1942
,
of
District Court for the District of Delaware and
stockholders.
certificates
,
and Ex^
Securities
Phillips Petroleum
there
obtain
to
approving
Other
p.
to
Gasoline
available
holds;
Holding
take ' steps
TaXes,
Colonial Stores, Inc.—March Sale— •
and the
trusteeship under which the Pan¬
Oil & Gasoline Corp. was held, and
has
Corporation Trust Co. as distributing agent, the sum
(being $1 for each share of common stock outstanding)
In addition to
Electric
&
Gas
to
holders
surrender
in
of
the
Gasoline
&
control
with
has
voting
A.
;
is
$2,336,826
and
84
Period End. Mar. 27—
stock
meeting
compliance
approximately
now
capitalization
There
and
'/"•A
supplemental
a
against
corporation.
deposited
of
holders of its common stock, in full
and interest in Columbia Oil & Gasoline
'
become
in
it
manner.
commission of 45 cents a share.
a
that
fight
by Columbia Gas & Electric Corp. had
Court
at Wilmington, Del.
The
the Department
winding
for
sum
the
In
for
date
plan
which
in
the
to
Columbia
thus
which
terms
on
purchases by 25 * firms.
Largest purchase
amounted to
10,550 shares and the smallest to five
shares.—V. 157, p. 780.
*
Oil
distributed to each
Pipe Line
agreement
The
subsidiary
corporation has been ordered to carry It into effect.
The order
the court,; dated March
29,
1943, provides that there shall be
of
be
orders
duration.:';: The
.
47 3/4,
was
were
long
and for Missouri-Kansas Pipeline
stockholders'
the
per
^Consolidated
was
its
District.
divestiture
complete
announced
4
its
Columbia
approved by the U. S.
'
Pan¬
security holders.of Columbia Oil is unfairly and inequitably distributed.
Co.—Special Offering—A spe¬
offering of 20,000 shares of common stock (no par)
made by Merrill Lynch, Pierce, Fenner & Beane on
New York Stock Exchange March 31. A The price
cial
The
,
preferred stock since 1938.
Molybdenum
Climax
;
both
Panhandle
account
Columbia
in full
distribute
substance,
Oil
,;
trading
by
owned
for
the
of
own
.
these considerations, Columbia Gas
& Electric Corp.
will surrender the $8,800,000 of 6% debentures of
Columbia Oil and the 400,000 shares of preferred stock of Columbia
listing and registration.
the
719,099,107
consummation of the plan, amounted to approximately $2,000,000.
upon
-
-
sale
its
by
all-their rights
and
will
which
*$22,348
registration on the Cleveland Stock Exchange.
The application
stated, among other things, that the applicant desires to save the
April
provides
an
$11,500,000 in cash and the entire
Corp. in its subsidiary oil
and gasoline operating companies;
The earnings of the pil and gaso¬
line subsidiaries for the year 1942, which would have been applicable
to the corporation had they then been owned by the corporation and
and
expenses
Federal
terminates
The
A
Corp.
that
its
withdraw
court
,.
pay
held
investment
'
Co.—Delisting—
approved
stock
common
stock.'
it had granted the application
capital stock (no par) from listing
announced
10
to
company
Realty
Pipeline Co.
the
by
share in cash; AAAAA (A
•" AAA-Aak
;;
(c) All its remaining assets of whatsoever nature will be transferred
to Columbia Gas as the holder of all of
its outstanding
preferred
1941
'
/
$17,887
in
April
on
terminates
change Commission,
on
Corp.* the sura,of $1
1717.
p.
Cleveland Builders
;
1942
taxes„A—1
and
charges
Eastern
filed
decree,
which
handle
all of its indebtedness,, including its deben¬
this corporation, together with accrued interest
the date of payment;
It, will
now
thereon
1077.
York—Earnings-—
Panhandle
been
Department
decree
was
plan
condition::
settlement of
Wholly Owned Subsidiaries)
(And
A
p.
Justice
consent
March 31, 1943.
[Press reports March 31
consummated March 30, 1943.—Ed.|
(3) Columbia Oil will wind up its affairs upon the following terms
stated
thgt the business of the company may continue without inter¬
ruption and without serious loss "to debenture holders.—V. 157,
that
Missouri-Kansas
limited
time
from
been
which
•
now
16 ,070,474
698,400,379
A-
including Columbia Oil & Gasoline Corp. and
tlncluding $1,604,580 current maturities.-
.((•The
plaintiffs and all others
pending proceedings against
all
of
is
of
105 261,434
14 ,505,104
18,986,236
Decree Ends Control of Panhandle Eastern—'
a
of
on
the
to
both,
is
stock
common
agreement
in
or
Co.
Petroleum
consummation
the
the
with prejudice
purport
to represent,
they
with
of
terms
shares-of
dismissing,
entered
Co.
the
<
404,326
of
164 ,168,880
14.035,331
1938————
surplus v-;—;Aa
"Not
damages
handle. *-One-of
it
The
board of
directors also decided -to
keep open, until furthernotice, the offer of exchange, in the hope that sound judgment will
prevail and thA exchange plan will be completed.
Debenture holders are again urged to exchange their debentures
surplus————
1,
803,053
3 281,113
3,876,434
—-A, 172,086,303
98,446,324
———iA—A-.--—
Jan.
2 311,076
794,952
.
the
new
c
have
to
1,932,489
2,501,537
interest-——_
liabilities—
companies,
the courts by certain minority stock¬
[The Court of Appeals at Philadelphia on
These stock¬
contend-that the plan should be disapproved, but
is entitled
capital
5 673,193
30 063,183
2 099,535
35,385,336
—
accrued
accrued
Total
suspended. - This plan
and by the stockholders of
meeting held for that purpose,
Corp.
and
3 368,000
3,102,878
i
———
,w;
deposits and
———:
Earned
were
Columbia Oil & Gasoline
that
93,017,900f 104 461,900
.plus accrued dividends to the date of payment. ^A.-AAA'
* A A"
(2) Columbia Oil will sell to Phillips Petroleum Co. for $10,436,826
on
the terms and conditions specified in the agreement between them,
1943, sinking
indenture was not made.
a
71,998,521
Stockholders To Receive $1 per share—
(a)
April
at
Corp.
uL
current
Reserves
requiring the corporation ;
indirect, in Panhandle Eastern
different plans
the Commission
12 223,256
74 857,245
Contingent earnings pending rate decisions..—
On
Co.
4 062,975
12 166,800
12,223,256
Pipe Line Co: for retirement the 10,000 shares of Panhandle's class B
preferred stock held by Columbia Oil for the cash sum of $1,000,000
tures
due April
paid on
was
Line
4,062,975
12,166,800
preference
Surplus prior to
-
'
'
Board
the interest
pay
Pipe
A__A—
taxes
Special
against this corporation and certain of its
past and present officers and directors.
The pending plan contem¬
plates the following transactions.
A- A- A.AAA;.. A'- A'. ?
•■■■'.
(1) Columbia Oil & Gasoline Corp.. will sell to Panhandle Eastern
award
meeting' of the board of directors,
decided
debentures, and this
Eastern
103, 473,040
$100)—
(par
series
•
Customers'
order
or
248,647
'—.-.A.—____ 103,473,040
cumulative
Accrued interest
contested- in
not'only
claim
and
was
an
stock,
cumulative
Other
1943, turned down the minority-petition—Ed. |
accounting
Childs Co.—April 1 Interest—
>.
entered
interest, direct
Gasoline
&
being
now
holders
;
<-
Panhandle
in
latter
the SEC
%
Accrued
holders of that corporation.'
March'29,
<
on
March 24 announced approval
providing'for a general 9-cent per
hour increase for approximately 13,000 employees of the Chicago Sur?
■face ! Lines, a group of four Chicago street railway companies,
The
employees are members of Division 241, Amalgamated Association of
Street, Electric Railway and Motor Coach Employees of America, AFL,
V The Board also approved special adjustments for certain groups of
employees In addition to the general increase.
■ ■
.•
The general increase was made retroactive to June 1,
1942.
The union had asked for a 12-cent per hour general increase and
a
14-cent per hour increase for operators of buses and one-man cars.
The company objected to any increase.—V.
157, p. 439.
;
of
Oil
Columbia
loans aggro?
amounted to
whh interest
Chicago Surface Lines—Wages Increased—<%;-?•
.
the
applications embodying
has been approved by
the effective
1942,
of
itself of'all
50,000,000
249,867
Corp.-*-'
—
annual
Line Co.
Thereafter, a plan was developed for the solution
problems, which was submitted to the SEC, and proceedings
Pipe
date of the plan, it totaled-$19,188,939.
A Approx mately $32,600,000 of cash is now held in U- S. Treasury
certificates and tax anticipation notes, drawing nominal interest rates.
Interest on the trust estate's indebtedness is accruing at approximately
$1,000,000 per month, the petition declared.—V.; 157, p. .1360. AA,A;
1,
System's
1942,
31,
50,000,200
—
Electric
stock
jl
Common stock
(no par—-12,223,256 shares)-—
Bonds, etc., subsidiaries
—
——
Bonds of Col. G. & E. Corp.—-J.;
Notes payable to bank——
Accounts payable
;•———-
reserves
gas
interest
divest
these
that, approximately $65,000,000 to $75,000,003
the
of
previous
March
N, Brown, chairman of the board, has notified interested
parties that the company on April 19 will file with Federal Judge
Michael .Igoe at-Chicago, a petition for the court to investigate and
report on the possibility of utilizing part of its $50,000,000 of-cash
to pay debt.
The company seeks repaymentof bank loans, the Recon¬
struction Finance Corporation loan and tenders on outstanding bonds
out of available cash.
,.-■■■% ' A.. - A- 'V
:
i...
at
5
&
Gas
series
6%
5%
reports and in shareholders letters there has
been extended discussion of the problems and proceedings which relate
to
the corporation's interest in Columbia Oil & Gasoline Corp. and
Chicago Rock Island & Pacific Ry.—May Repay Debt
The petition points out
cash. Will* be available
the
to
life
In
:
Edward
of
Preferred
Columbia Oil Plan—The report has the following;
;
don
/
Columbia
markets.
This procedure tends to lengthen
and to relieve the demands placed on the
transmission system during peak load periods;
Approximately 30,000,000 Mcf. were estimated to have been in storage for use during the
past winter.. '
••■•A
During 1942, regular quarterly cash dividends were paid in full on
the cumulative preferred stock 6%
series A and 5% series arid on
the 5% cumulative preference stock at the prescribed rates.
No divi¬
dends were declared or paid on the common stock;%'AAAAaAA'-AA?
the
Railway—Abandonment
A" A „.)■ .iA A,:
• •
reference
from being
stocks.-—.
Preferred
Minority interests in com. stocks and surplus__
companies have, in recent years, been placing natural
in semi-depleted gas fields located strategically with
storage
in
gas
Court
the
Columbia
The
that
appointed
Chicago Rapid Transit Co. being a creditor
They are:trustees of the Rapid Transit com¬
Exchange
prevented Col.
trustees
as
receivers,
as
.
.
and
retired
Fallon
-T
•
companies1—
Subsidiary
during 1942 and $24,000,000 during 1941.
•
*,•
■ ,<t
(-At the end of the -year, it-was estimated that the System had avail¬
able, either by leasehold or purchase contract,
2,760,000,000
Mcf.
of natural gas in- the ground.
Corresponding figures at the end of
1940 indicated reserves, of approximately 2,960,000,000 Mcf.
During
the
two
year
period,
however, approximately 360,000,000 Mcf. of
natural gas were withdrawn from the ground and sold.
1 from a receivership to a bankruptcy proceeding, Bernard
assumed full charge over operation and management'with
of executive officer.,
Liabilities^—
*
Capital Stocks—
11 Af
A
«
..
(
"
THE COMMERCIAL & FINANCIAL CHRONICLE
1422
Commonwealth
acquired
stock
the
for
cancellation
•
consideration for: Transportation
Transportation Co.
:
;
aoquired by ALlyn & Co, and
Equitable Securities from institutional investors at $50 a share, or a
premium of $5 a share above the market price, while the remaining
3.300 shares were bought at $48.50, or a premium of 31/2 points.
The
total cost to Allyn & Co. and Equitable Securities was $895,000., .>•;
i
"There is obviously a substantial question," the SEC remarked, "as to
the
propriety, both with respect to other preferred stockholders of
Commonwealth and with respect to its common stockholders, of per-;
milling indirect acquisition from a limited group of holders at a sub-r
Ktantial premium over the current market.
-*•.
"Because of the .comparatively small amounts involved fonly apr
proximately i'/> of the total issue of Commonwealth's,preferred stock jy,it appeared appropriate when the original application was filed to
grant, the application in order to ascertain .exactly how. effective and
appropriate the particular mechanism might be.
As stated previously,
we
have great doubt as
to whether similar transactions, should be
permitted in the future."
t:
Commonwealth's payment of $950,000 to Transportation Securities
Equitable
Securities'
Corp.
Securities
in
investment
the
Of
in
the Springfield
shares,
18,000
14,700
were
placed the value of the stock at $53 a share.,.,
:
^
this
an
The
company
tricity
$1.25
with
of
distribution
pared
kwh.
of
15.9'7
company
■
■
by
the
case
percentage,
any
salaries
year
a
headquarters
••>..<•.•
•
of, the
directors
of .work for
because
Net
for
Post-war
Net
■>■"/
to
profit
share
pared
!
with
.' //'
*V>V!
7
dividend
—V.
157,
of
the
the
vote
this
May
19
approving
on
,fOn
and
misc.
$5,410,965
-
Oper.-exps. and taxes__
Depreciation TJ-;/.—;- ^
78,746
<
■
Calendar
Net
After
'stock.
'}■
'
:
Current
current
and
Int.
17,330
$1,318,865
profits taxes,
assets
$970,001
shares
of
of
as
Dec,
31..
amounted
1942,
for
Debt
at
the
end
the
of
disct.
Balance
31,804
735,968
368,033
7138,627
the
dividend
a
of
1214
cents
stock, payable May 15 to holders of record May 3.
with 35 cents per-share paid on Dec. 21, last, the
payment during 1942.'
•' / • -7 '■•■■■■
" ' • *""•;
common
and
March
■7
surplus77
to
$494,979
;/'777
7
$1,661,387
157,
,
7>7:[.r.
.7
dividend
stock,
Interest
distributions
Oct.
25;
of
5
cents
last
made
were
since.—V.
none
The directors
April
on
year
154,
Vultee
Consolidated
j*
share has been
per
declared
the
on
Jan.
on
•
Aircraft
declared
12
25,. April 25,
869.
p.
;
initial
an
March
first
distribution
A
dividends
17 of Consolidated
common
stock
of
of
$1
the
by this corporation since
Aircraft
and
Divs.— ;
7
Consolidated
Listing of Stocks
made
was
Aircraft
exchanged share for share for
•was
the merger
April
Corp.,
that of the
18,
1942
lative
convertible
providing
into
.known
merger
of
the
(no
the
pari
on
official .notice
treasury,
wMrh
will
and
he
merger 1
will
common
stock
of
)
corporation;
such
an
that
of
(Del.),
corporation
Consolidated
held
stock
upon
eqtial
with
•p.
181,769
each
owned
now.
shaie
the
out-
by Vultee, 'all
number
of
of
of
shares
the
)';
it
the
oi
216,729
■
consolidated
earned
net
$16,143,000
holds
outright
of
and
Earning
*
after
The Creole Petroleum Corp.,
:
through
$27,416,000,
of
taxes.,
;
taxes'.
after
;
-
,
i.
yv.
>
.
through Standard Oil Co. of Venezuela)
companies; a netr
association1 with; other
developed
approximately 4,406,000 acres under concess'on, and has
important ■ crude
reserves,
including light oil in eastern
Venezuela
fields.
96,000
barrels
years
1939,
During
a
day,
1940
earning of
157,
it
1941
an
Hi
.
.
production averaged
its
1941
day. In the
consolidated
only 68,000 barrels a
had
after taxes.
1078.
p.
1939,. 1940 and
and in ,1942,
and
$9,574,000.
taxes.—V.
annual
average
1942, it earned $3,469,000
after
>
.
,
Period End. Mar. 31—
V*
$833,453
—V.-157,
1943- 6 M0S.™1942
'
$4,608,156
$5,166,603
$750,892
,;/;■
991.
p.
i
71943—Month^-1942
.
sales.
f
Cudahy Packing Co.—Accumulated Dividends—
•
directors
r7^7
preferred
May 1,
to
stock
1942,
and
of the
April
on
two
May 1,
share on
7'77 preferred
the
made
were
on
dividends
$12/per
on
declared
14
the
of
;,
share
on
the
6'7/ cumulative
preferred *tock
and $7 per share onrthe
•7'7 cumulative preferred stock, both payable on account of accumula¬
tions« on
May 1 to holders
of record April 24. • -Distributions of
$3- per .share on .the 6'7' preferred and of $3.50 per share on the
dividend
a
$6
per
Jan. 30, last, on March 16 and
30 and Oct.: 25, 1941.
After pay¬
on
Aug.
declared, the arrearage swill amount
preferred stock and to $14 per share
just
6J
stock,—V.
157,
77.'"'-.
520.
p.
:;3
v7;7'7.7"
-
,•;,
'j
Dallas Power & Liftht Co.—EarningsPeriod End. Feb. 28— ;
r:
1943—12 Mos.—1942'
1943—Month—1942
$662,499
$8,051,143
$612,592
258,359,'j' i'1 227,792;
„.:„'
Federal taxes J__771j2i
Other taxes'
.Operating
expenses
•.
93,341
91.237
62,-044
60,013
45,366
53,256 /,
$7,835,249
2,979,135 .? 2,887,429
1,175,278
1,223,041
;
-
Prop, retire, res. appro,
!-
Net
.7.
7
■
Other
*
"After
442,230
1.260,000
.222,434
.
131,117
721,832
677,619
807,824
632A46
$2,367,074
$2,408,611
1.416
658
'!-
-V.
assets
1177,.
at
.31
Dec.
'■
■
V
and
,
.
.
.
>"$3.1-6
■
-
; $0.50
The
directors
April
■shares
for
"except
all
the
•receivable
•the
•
latter's
from,
values
issue
-to
the
share
This
on
Oil
to-Lago Petroleum
to
be
transferred
that-effect,"
To
Lago
a
consummate
Creole's
the
date
to
of
Co..
the
directors
stockholders
consolidation,
it
stock
Ltd., in
of, And ^accounts
accordance with
transfer;"that is,
the
19,946.658
Corp.
and
Tetter
capital
Transport
&
the effective
the
in
Creole
4,
will
be
■•
capital
stock to
.
27,000,000
necessary
to
increase
.
the
on
1942
May
10,
157, p.. 1361.
•7;7-,>7
1943
7;s;-
total
a
> .7
•■
'/
Dividend—*
to
the
omit
stock
common
with
and
to
April 1 paid
on
stock,
common
15
;• ;• 7
.
•'
,
f k
dividend
of
$10
ordinarily-payable
value.* On -Jan. 15,
par
cents
share
per
each
including
quarters.-—V.
of
quarter
income
tEarnings
ferred
and
1943,
,
20
7
-
/''
'■
"
.'•">
stock
on
figures.
tOn
there
1942
$39,477
$4.50
$2.09
LV,77>"
dividend
»/'7\; /',.; *■•77.'-.
*1943
$85,000
•-■'
shares, of
18.849
are
in
;
>:•/
1
which
share
cents "per
Refining Corp.- -Earnings—
charges and taxes;J_
preferred share.7—
per
'
'7/7
7.;
after
7 ^Approximated
1*
1,
1638.
p.
10 cents per
$10. to holders of record March 25;
share paid each quarter from April
per
Jan.
148,
eiharterly dividend of
a
par
cents
Quarters Ended March 31—
Net
outstanding
$4
Accrued
accumulations
.payable
15
was
and
to. set
aside
7
pre¬
accumulations.
on
as
much
for
reserves
in
as
the
7
Dividend—
The (directors have
par,,
*
declared
the
$4
a dividend of $2 per share 011 account
cumulative convertible preferred stock; no
holders of. record May 5.
A similar dis¬
made on Feb.
15, last, and-on March-28, July T,
Dec. 15, 1942.—V. ,156, p. 2128.
••
May
15
to
.
,
v
;
.
7
'7*;
■
Detroit Gasket & Manufacturing Co.—Earnings—
Years
•
Ended Dec.
31—
1942
profit !
'—L
$412,707
tEarnings per common share$1.71
°-After
■taxes
.
of
depreciation,
$567,000
Note—Prior
to
reserve
in
end
etc.
1942,
the
of
for
Federal
ton
1942
a
income
214,250
local
and
however,
proposed
about
that
no
made
it
would
the
It
only -reduce
$15,000 due to an offsetting tax reduction.—V.
151,
:
$481 022
profits
■
1
excess
board
pointed
and
if
earnings
p.
had
foregoing
is
definite agreement has been reached,
adjustment, were
-
$2.01
adjustment
proposed an adjustment of approximately $79,000 in
earnings,.-based-on estimated earnings for the year.
out,
.
shares,.
price
7,
1941
.'/'Net
:>
'
Note—A large part of this -year's increase in net- profits results-from
the lack of necessity
initial period of 1941.
' '•
shares of $5 par value',
-from the present 7,600,000 shares (of which 6,974,356.shares are out¬
standing). •
;
! 7- •■>
i
The
plan of reorganization is to take effect as .of the. close of
•business on April 30, 1943.
'
authorized
made
be
decided
the
on
Derby Oil &
>
will
shares in exchange for the
have adopted a resolution
reports.
15
compares
preceding
"of
and April. 23, respectively,
investment
will
as of
6'/, series due 1951, at 102
at the O'd Colony Trust Co.,
bonds,
Boston, Mass.—V.
have
The'company
♦
of
of
Payment
gold
the
Sppt.
■
mortgage
company- paid a quarterly dividend of 50
issue, or at the same Tate as disbursed * in
1942.—y. 149, p, 4172. ,
>.
•■>/: -
;
Corp.—To Vote on Merger-
for the purpose of
reorganization and consolidation. - *.'/■■
'
Creole have proposed to exchange the company's
properties and net assets of Lago Petroleum Corp',
April 22
plan
first
of
directors
tribution
for
$1,299,444
1268.
Vilbiss Co.—Omits
meetings of stockholders of this-corporation. and;of-Lago
Petroleum Corp., both affiliates of Standard Oil; Co.-(N.-^J.)/- have
a
' 507,380
$981,754i;
(W. E.): Dean & Co., San Antonio, Tex.—Smaller Div.
1941
$110,719
special
called
507,386
this
on
'■)-
•voting on
$1,806,830
45 Milk St.,
De
.
;
.
$12,002,675, : .including '<$3,073,564
-
$1,489,140
interest.
trustee.
•
7
$122,228
$121,697
sapplic. to pref, stock for the; period
$50,000
■.-942,946
$9,823,4477 $8,038,493
and current Jiabilities were-$8,049;049V
payable within the current,year.—V. 157,
-
7: *77 42.439
There have been called for redemption
of
The
State
were
660.000
319,350
&. Dallas Ry. & Terminal Co.—Bonds Called—>r
about
Treasury certificates,
$1,786,866notes
560,000
11,930
157, p.
1,-000,000
an
and
46,667
v
Balance
2,647,665
share_________-~'___-r-_7__r7.;_.'
and
46,667
7 32,806
$2,368,490$2,409,209
121,040
.-.777 19427;
31—
Federal
$180,294
income
Net
Dividends
1,000,000
.7_7_-__-_77-7
and
intge.- bonds
-
7..—„7
312
■
$201,701
and deducs.7
on
jnt,
2,840,589 7
7 942.946 k
*$693,824;
charges
r-.<,
^
income __7__™
Interest
1,000,000
"
profit
per
income
Gross
$180,294
$201,389
oper.» revenues.
.1.000,000-
stock
____7.7jl^_;„-_^»_A7777.
Creole Petroleum
to be
by Consolidated
consummation
annual
In, 1942
•.}
Cramp Shipbuilding Co.—Report—
assets
stock
9,880
income
7 p. 2455.
Current
issu¬
of
intention
law.
approximately 23 years, would extend them another 17 years;
average
been
consummation of
upon
stock
cancelled
as
Inc.
$389,007
77 13,171
2,468,000
_Ui.-_7.7_
155
cash
Corp.
such
shares of
and
outstanding
the
Aircraft,
that
common
shares
440.000
retired
remain
of
9,290
Aircraft
provides
shares of
844,244
Vultee
Corp., the continuing
Vultee
merger
(excluding
of
merger
An craft
Consolidated
agreement, of
'stanciing
ils
for
Consolidated
as
The
in
stock
debt_:-;..W_-.7777j
funded
on
preferred
stock
•including
company.-
pursuant to the terms of the agreement of merger dated Jan. .25,
1943,
•and
preferred
$394,285.,
on
The New York Stock Exchange lias authorized the listing of 1.629.754
shares of common stock (par $11
and 216,729 shares of $1.25 cumu¬
ance.
102,278
.
phia office of Brown Brothers Harriman & Co.
the stock of which
new
;
appropriation of $500,000 was made to reserve for
gencies and post-war adjustments, leaving a balance carried to
the
New York Stock Exchange—
on
322,329
317,059
,
income, taxes.Of the net
contin¬
earned
surplus of. $193,824 or $0.88 a share.
tOn 219,055 share's of capital
■stock. 7 <•.'** 77;
7;;'■,••.' •.-. '•*'.•'" '•> '-•
7
'■■■■
Note—Under a line of credit extended by the Federal/Reserve Bank
of Philadelphia for working capital the company borrowed up to the
stipulated total of $2,500,000, of which $563,134. was repaid in 1942.
To
provide further working funds fox the
increased: operations a
demand loan of $1,900,000 was made to the.-company by,the-. Philadel¬
,*•
*
on
the
their
»y.;>,
-_7_..7^7^7i77_7;_-—~7.„_,.2-.
^Earnings
cents
Corp. and Vultee Aircraft, Inc.
share
per
•'
y"J'-J
-
surplus7_—
Capital.•surplus;7^7-^7->^-^-7-:7r;.-7-^;
-V.
!
under
of
Government
case
run
last,
per share on the common stock, payable May 15 to holders* of record
May 5, and an initial quarterly dividend of 31'A cents per share on
the $1.25 preferred stock, payable June 1 to holders of record May.20,
.These-are the
■
incl. reserve for Federal
cumulative
Total
v
of 50
"
Earned
common
July 25
dividend
-'
7333,782
..
,411,585
239,579
.
777-./—
debt
Common
•
15. Similar
•
Corp.—Initial
332.445
;7;-961,214
metfj™
receivable
7-.
accrued
Reserves
ii'h
profit
$10, payable April 25 to holders of record April
par
v
*
1942 • '
71941 ■;/
$7,603,956 7 $6,344,841
)(»et)._7_7.
Deferred' items
$3,492,024
concessions
Creole
unoperated
holding
companies
Venezuelan
of Creole it would, in conforming to the new law, extend
concessions by approximately 18 years, while Lago, whose conces¬
its
.7^_72.777„ '$9,823,447' $8,038)493
Funded
'
Consolidated Royalty Oil Co.—5-Cent Dividend—
A
'■,
Dec. '31
7
'
the
Venezuela, including
in
$373,881
854,860;
1943—3 Mos.—1942 "r
$5,060,427
$1,417,489
Sheet,
.
Taxes accrued,
991.
p.
6,456
$509,014
charges
Years Ended Dec.
Sales
—V,
' $548,613
,
Balance
7
Liabilities—7
"Net
w
"603
203
203
Notes, accounts payable,- accrued payrolls, etc.__
Sales—
1943—Month—1942
7; •• 63,723
(incl. deposit with guarantor of funded .»,%•"• 7'7;- '*•*.%•'•*••7 '<■■< >'7
618,204
debt). .-274,669 >
'
Period End. Mar. 31-
22,633
-
exp.
—
Assets—:
This
only
compares:
advised
their
convert
In the
69,125
Cash
share on
per
have
Operating revenues
Inventories.
'>
'
have declared
-V
.23,086
Notes, accounts and interest
and
Dividend—
directors
to
*.
Other
1942
year.
the major operating companies
Lago, and the majority of the
acreage
$525,818
7.
.-40,671
21,349
Plants, -equipment,* prop, and goodwill
.
12 ^-Cent
The
$712,001
1
and
preceding
All
and.
•
common
$3,729,933
$1,958,111.; comparing with
respectively,
40,153
inc.
H//-'
in
$485,665.
-
18,893
7,
63,707
Fed.
y__7„7__ 7 _7;
taxes
to
$4,264,426
to
.,
24,009
fund*ed debt—i.
interest
■Reserved
-*'777/7
-liabilities, were
$1,500,457,
362,361
ton
-7
$693,108
19,656
income
on
Other
$1.13
•
»:-•■:
$3,163,427
*
$499,736
of $882,636
and provision
amortization
excess
77'
;
$950,346-*
$1,301,535
''>2^
income
Total
''77:7
19417
.
.
$1.02
•
depreciation,
.
•
$454,318
will receive from the Venezuelan Gov¬
all the replacement'concession grants previously applied for
Standard Oil Co. of Venezuela, Lago Petroleum Corp., Lagomar
Oil Concessions,' Inc. and Compania de Petroleo Lago. .,
*:
/n
*
■
1942
•
per
income
for
Wholly Owned Subsidiariest '
Years—
:
income
oper.
Other
•;
Stores, Inc.—Earnings—
income
tEarnings
*
(And
.
The 'Creole Petroleum Corp,
.
ment
corporation to Sinclair Oil Corp., as many
corporation contain the name "Sinclair",
Retail
Consolidated
1939
a
f
3,222,370;. ^2,971,953 7,72,612,493
; 56,943
58,287-? >.'.765,269
4,030,684
Total
...7.7
1943
1941 .v.. :1940
; 7•;»-»'
1 $4,229,659,t $3,7.23,3.47
1942
oper.
income
7
marketing, facilities for manufactured
-7;;...7;-.....,VV:.7;.,..
and
Crown Drug' Co.—March Sales—; 7
and'excess*profits,taxes, reserves
of common' Stock. ' : y
'
;;
available.~V. 156, up.863.*4 w :y "Qy' ; '
( "'.t
Calendar Years-
Sales
and .storage
ernment
~
Ended Jan. 31,
Investments
that brand.—-V. 157, p. 991.
'
The
elected
'
;
Copley Press, Inc. ■(& Sub.)—Earnings,
in
3r000,000 shares
comparison is
Note—No
;
holds- approximately- 49,000 acres under con¬
Compania de Petroleo Lago owns one small
Lake Maracaibo, a refinery at La Salina, certain shallow
tankers
dntorest
'
'
$1,431,924
charge-ofi's.
and
will be liqui¬
Oil Concessions, Inc., which
Lagomar
y
.
IT—y $0:48
share—
Consolidated
proposal
a
/.
//• '<?.-/'wvfir
....
Months
for 3
common
The
dissolved,
.
period; in the/previous.year.;/.
Same
'•
/;• •
to
transferred
be
to
•
•
"After depreciation, Federal income
.
the
'and its products are marketed under
."Net
.
per
..
Earnings
"Net profit
•;fEarnings per
Corp.—Proposes Change in Name—
will
of
name
subsidiaries, of
-
Continental Motors Corp.—Earnings—
V
-
stockholders
change
cents
1078.
p.
Deferred
The
25
\
,
,
Oil Co. of Venezuela; a wholly owned subsidiary' of Creole)
be
liquidated and dissolved,;" and Its assets transferred, subject
obligations, to the Creole company.
'tyy'.; '■t/'y];'
-'y
to
share has been declared on the capital
stock, payable May 20 to holders-:.of record* May',5.
A/like amount
was
paid on Feb. 20,
last.
Payments last/ year were '.as . follows: March 3. May 20 and Aug. 20, 25 cents each; /and Nov. 20, 75 cents.;
Coleman. President of Canadian Pacific By., and Hon. Charles
Oil
the
lor
25-Cent Dividend—'
A
'■■V'.''.
Dunningy President -of Ogilvie Flour Mills, Ltd., have been
156, p. 2036.
;") ■■■" \
;■■■'
777-'/ 7\-7 •*■
directors.—V.
—
$15,068,000,
' ' '
will
■
ticm,
Smelting Co. of Canada, Ltd.—
New Directors.
Consolidated
Federal
per
free
tax
'
Standard
•
In. each case,
amortized
.
concession
draft
earnings are .-net after alf charges,yihehiding \ depreciaprovision for year end adjustments and all taxes, - .. ; . V,'-.,,(
Shipments for the'three-month period totalled $12,557,000, as com¬
•
be
reports.
Lago Petroleum holds outright and through association with other
1143
:i
•. 1942
cpmpanies a net interest of approximately 1,500,000 acres .under .con¬
■$l;47i,'tl95 k $2,743,230 f' cession from the Venezuelan Government and has developed large
' ' 1.093,735/.. 2.243,907
nil reserves
principally in the Lake Maracaibo region.
During X939>
'—-.—iffl/V,'1 Cr30,.953 :..Cr206,391
;I940 and 1941 its production averaged 180,000 barrels daily, while in
1942, due to transportation difficulties, .the average production was
'•■ $468,313 < ' .$705,714
only 128,000 barrels a day; although the" concessions had a much higher
$0.60
; .$0.90 < daily potential.
During 1939, 3940 and 1941 -the company had an
'y"
refund
Earnings
the
Government during
would
plan
Lieb
by
America—Earnings—yV
of
Corp.
profit before Federal
Provision
present dividend of $1.60 annu-
the
the
Mr.
Petroleum. Corp.
Lago
products. ■'
quarterly
a
and-
sions
all .mother phases Of labor rela¬
equitable and economical and
stockholders.—V. 157, p. 1361.
-;7;
Consolidated Mining &
C.
declared
3 Months Ended March 31—
similar percentage
a
law,
cession in Lake Maracaibo.
...v,:
;
have
Container
;
company
recommendations
to; submit
;.
dated
,
....
of
assets
corporation.
j1
for
way
the
Among
•(''•'
(11
,
provided
more,
or
ruied
has
under existing
Creole, are 1007* of the! stock. of Lagomar Oil Concessions, Inc., (a
Delaware corporation, and Compania de Petroleo Lago, a Venezuelan
>«•. -
•
i f j
„
dividend of 50 cents per
share on the common
stock, payable May ' 31 to holders of record
April 30.
A like amount
was
paid in each of the two preceding
quarters.
Dividends amounting to $2 per share were paid in the last
fiscal year ended Aug.- 31, 1942.—V. 157, p.
;780.
•retirement plan, its welfare work and
tions to
report whether the plan
is
of
y
Co., Inc.-—Proposed: Sale,,Etc.—
under
are
'
The
war.,
emergency.
The fourth resolution would put. a ceiling of $50,000 a
year on executive salaries of the company and its subsidiaries,-includ¬
ing any insurance premiums paid by,, .the company or its subsidiaries
for the benefit ol' any executive officer.
' 77...7 ..77
'
' '
The fifth resolution, to be presented by Frank T. Wood of New York
City, a stockholder since April,
1937, with 700 shares of common
.stock, asks the board of -trustees to retain a firm of industrial engit'
Oieers
or
counsellors of standing to review the company's provisional
.7
f
•
.
Consumers Glass Co., Ltd—50-Cent Dividend—
y
cut be made in
and its subsidiaries which ark
that no such salary be cut more
•than 25in any one calendar year.
The second resolution asks that
a complete stenographic record of the proceedings of all. annual meet¬
ing:; be taken and a fair and comprehensive summary be sent to each
stockholder
within
30
days after: the annual meeting.
The third
requires all trustees of. the company to .attend the annual meeting of
stockholders, except in case of severe illness or absence from company
cut
be
executive
4)25,000
D.
>
•
•
.
602,
p.
Inc.—Output—
May 17—
on
which
Revenue
companies
7."Lago Petroleum Corp. has an authorized capital of .4,000,000 shares
pf $1 par value., all outstanding.
;'
"
'/
"
.216,729 shs.
.
1268."ip''•">•>*■
.
on.
resolution asks that in
One
A.
216,729 Mis.
par)
(no
1
.
the
to
■ •
the sale -of. certain nW^st,,,.Virginia
coal properties of this, corporation to-nn u n nai.nedsteel - company,, a c
•
cording to reports in Wall Street.
The directors ;oh.the, Coal company ,.
are expected to meet soon- and consider the sale proposal, ft was ^said>:
No estimate of the amount of money-involved-"in The .transaction .wa$
■'available.
y
y:•• -.1
•.
The company recently has been reducing its /public, indebtedness, and
during January paid; off a $225,000 bank loan.-: Last. year., debt -reduction amounted to $2,431,500,. including a $1,450,000 bank Joan,—y. 157,
.
i
stock
Consolidation Coal
April 10 mailed to stockholders notice of- its
annual meeting to be held at its offices, 4 Irving Place, New York
■City, May 17, with proxy and a proxy statement outlining th^ bus!-mess which the management expects to come before the meeting.
:
f
The management
will present for re-election the 15 trustees now
holding office.
It will ask ratification by the stockholders of the
appointment of Price, Waterhouse & Co. to audit the accounts of the
company and its system companies for the year 1943.
This firm has
•acted in the same capacity in the last five years.
7:7 7-7.
The proxy statement also presents for consideration of stockholders
live resolutions submitted by two stockholders for action at the meet¬
ing, which the management says it will oppose and against: which it
solicits
proxy
votes.
7 /-71
"7'
•' 7""'
7-'i" 7 77
;
Four
ol'
these
resolutions will
be
presented by James Fuller of
Hartford, Conn., who has held 10 shares of the company's common
'stock since Feb. 27. 1942.
/■/;v.. /7/-7
all
•
Negotiations
to 170,100.000 kwh.,. com¬
corresponding week of last year,
for the
Stockholders .to Meet
•ally
"2,400,000 shs. '< $ 1,385,933 shsi
$1)
(par
cuinul. conv. pfd.
.•77.
amounted
electricity
146,700,000
increase
The
•
Stock
khaies of preferred stock.—157, p.
■
Local
an
of -,Internal
Outstanding
Authorized ,.'y/ ■•••
'.■■■',:
,
,
"243,820 shares of common stock reserved'Tor conversion'of. 216,729
/
April 14 announced that system output of elec¬
generated and purchased) for the week ended
on
(electricity
consolidation,
frojn
,
11, 1943, amounted to 173,400,000 kwh„ compared with 147,100,000 kwh. for the corresponding week of 1942, an increase of 17.8%;.
Apr.l
»•
•
Common
hour output of electric energy of subsidiaries
adjusted to show general business conditions of
served for the week ended April 8, 1943, amounted to 231,as compared with
196,474,251 for the corresponding week in
increase of 35,155,710. or 17.89 7*.—V. 157, p. 1361.
Consolidated Edison Co. of New York,
!
■
,
corporation
629,961'
1942.
'
•
weekly 'kilowatt
The
of
territory
Creole,"
and
result
■
»
■
a
Lago
'Capitalization—The corporation will have the following'capitalization *
upon the consummation of the merger :
,.7w;"W.7*,: .%-•'<*.*»*•*>. w-y
.yV/7■y'' .'>7/
.
.
Weekly Output—
letter
to^ Lago's stockholders,; C. H. Lieb, President ,of both
states aside from economies, which^are expected to
"the Venezuelan authorities have expressed
share of the 1,203,755
10/20 presently outst^nding^sharesiofi common,. -, their! desire that the companies* be (under one .management -in -order
to simplify
stock (par $1) of Vultee will be oonverted .into: 45/'100ths:of a share. •
dealings* between them and the Government;" 1- . y "J
of .common stock 4par $1)
of the cor|Ora.tion.'m//-<;/ -".jr. .•'> ift.;The;plftn-of reorganization has been submitted to the U. S; Bureau
sidiary, Transportation Securities Corp., for $950,000 cash.
Transports^
tion Securities received the shares from A. C. Allyn & Co., Inc., and
the
In
presently outstanding shares .of $1.25 cuniulatfyc, convertible .preferred
stock (no pari, of Vultee, will be converted. ..jhto' on'e/.shaietof/ $1.25
cumulative, convertible preferred stock of 4he wpiporationthat..each;.,
sub¬
its
from
Monday, April 19, 1943
2939,
the
by
,
•
Number 4169
THE COMMERCIAL & FINANCIAL
Delaware & Hudson Co.—-Annual Report—
;
Consolidated
,
Income
Account
of
Company
and
'
(Inter-Corporate Transactions Eliminated)
Calendar Years—
Revenues
1942
\ 11941
Grunts*ink aid
Long,
-.
1940
1939
transporta-
—
",s
-
accounts
and
Miscellaneous
accounts
coal
...
A.A
AAA
$46,583,502
miscellaneous
&
Rents
27.624,667
22,693,759
19,072,417
658,739
664.079
682,267
775.940
288,589
26,237
royalties—A
&
Dividends
&
interest-
Miscellaneous
$34,870,972 $27,322,546
V
38,461
v.
Interest;
$25,961,155'
matured
Unmatured
interest
624.875
Unmatured
rents
266,745
312.664
Accrued
Total
29,819
"Transporfn
Coal
&
AA* $75,681,309 $58,543,635
revenues
94,182
expenses..',.
miscell.
Miscellaneous
28,932,239
oper... A
23,660,371
"•
expenses,-
539,110
.
$47,373,794
22,693,04619,320,671.'
tax
•Other
.Net revenues,.AA—A $22,549,490 $16,257,471
-
Net
of
revs,
sub,
cos.
.A-Ne't
$11,642,015
income
taxAA
2,800.662
•
-
Cap. stk.
Gross
franch.
&
433,237
before
Rent
for
Interest
230.603
210,323
131,028
32.245
Deprec'n
1,865,205
1,852.083
1,887,512
$8,407,682
roads.A
funded
1,774,763
1,799.936
1,776,261
1,776,261
3,184,342
debt
3,232.742-
3,251.714
3,270,907-
debt' A':; A299V375AA
269,429
234,515
2,812,117
2,648,482
Net
profit'
sale
profits
$4,274,386-
$496,709
of
similar
($927,162
2,'
Net,
profit
—
""Including
IRevised,
The
27.297
ilA
62.094
$6,592,365
—
;A A
A
and
Drl.877
'
U. S.
joint
and
U.
Notes
and
S.
and
$494,832
rents
Balance
Sheet—Dec.
V.
(Deficit!
1942
,
—A—
*1941
12,496,210
2,
; 1,568,115
receivable
itrade) A AAA'.
2,605,445
A!
„AA
24,750
2,110,312,
5,995,812
1,603,357
A
993,455
:
„
Liabilities—
A»-.;..AA.A'A—-AA.—A
' 2,161,295
(6,366.050
Fire
year.. A.
one
1,308,654
1,828,297
aid
of
$100)
Premium
64,036
121,027'
p,
81,457,009
1.110,374
com-
767,045
'
35.900
A,
.....
Earned
and
upon
*
surplus
157. p.
i
This
4,535,450
.
32,323,088
190,942,244
Statistics
mile
ton
"
rev.
Trainloads
Years A
in
of
has been
nine
cents
each,—
in
Accounts
Due
declared
the
on
common
$.00814
April
on
Will
be
14
Fass.
cents
Ltd.,
mile
road
formerly
with
1,118
999
718,162
698,409
•
May
Oct.
45,958,962
45,399,917
$.0213
$.0214
a
to
notice
Dixie
class
12
Cup
stock
A
with
$1,845.50
$2,275.20
to
issue
15 and Dec.
59.34
..
37.20
36.54
',41*.04
Operating
Maint.
revenues
of
Maint.
of
Traffic
1942
&
way
$34,170,493
4,543.325
3.510,144
,789,542
2,647,426
6,240,570
,980.842
4,359,485
538,433
518,739
11,460,621
,690.190
111,650
86,823
68,803
1,157,635
1,010.352
944,535
-.1—
expenses
operations
General
for
59,453
40,564
■_—
expenses
Transp,
invest.,
$25,460,021
510.111
14,531,299
expenses
Miscell.
$26 .775.310
Cr
521,641
9,085,914
18,
v,
,
55,845
operat. revenues. $15,716,185 $11,402,697
Railway tax accruals..4,639.712
2,337.675
Equip,
rents
(net)——
I>r432,290
Joint facil. rents, net, Dr
$7,831,850
1,812,780
Dr395,964
220,264
$7,862,792
1,981,629
known
of
2,000,000
according
ry.
income $10,423,918
oper.
shares,
Non-oper. income, net—''
taxes,
avail,
leased
Rent
line
on
int.
126,427
$5,619,258
DJT1,214
115,804
Drl88,353
$5,513,523
;
■
Canadian
dividend
a
$10,235,565
funded
to
operate
that
Government
for
the
$2
share
per
computed
Int.
&
$5,635,106
1,776,261
unfunded
on
.
1,997,941
2,005,000
The
Div.—*
969,365
175,000
267,601
222,006
81,656
'Not
income
$4,775,709
•-General
?
$3,024,420
Balance.Sheet, Apr,
$762,430
1
and
of
$1,593,023
>•
income
-
and
Taxes
.....J...
Temporary
cash
Special deposits
Traffic
Net
investments————;
Net
and car-service
balance
receiv.
balances, Dr
from
agents
&
of
The
Feb. 28, '42
etc.
Interest
and
dividends
3,876,911
3,215,920
13,751
receivable————
"Deferred
assets
——1—......—.—
————
Unadjusted debits
—
$4.88
Federal
nine
Pref.
14,845
9.659,589
2.533,333
187,874,964
(&
187,683,219
Subs.)—Earnings—
1943—Month—1942
$916,842
...
1943—12 Mos.—1942
$931,989 $10,927,806 $10,508,914
515,126
441,194
6,418,237
5,101,613
A 30,028
33.803
471,471
445,819
165,698
242,112
1,708,826
2,437,214
$205,990
$214,880
$2,329,271
$2,524,267
27,588
6,548
360,270
156,340
$233,578
$221,428
$2,689,542
$2,680,608
'
inc.
taxes)
revenues.
inc.—net
!
accruals.
63,260
from
of
$4.92
income
taxes
associated
an
$1,250,000
basis
estimated
of
May 31,
at
are
for
taxable
excess
40,788
nine
V.
75-mile
a
route
•
•
for
rate
the
of
G.
&
E.
to
the
operating
of
the
Evart
field
gas
Mich.
in
its
fuel
and
AA:A:A
for
77.652
;
;
77,652
20,472
$1,363,609
A~
21,231
$1,349,813
week
ended
Power
&
April
of
Power
&
Light
Light Co.,
were
system inputs of client
Inc., which are subsid.anes
1943,
8,
Ebasco
the
Services
Co.,
Electric
compared
as
Power
with
&
the
Light
and
Corp.
corresponding week
follows:
as
Thousands of Kilowatt-Hours
■
1
>
•
American
Power
Power
&
&
Power
Light
1943
160.186
Co
1942
146.198
Light
Corp.!_^_
Light Co
&
1
—Increase-—
Operating subsidiaries of
Pet.'
Amount
13,988
9.6
91,647
70,918
20,729
29.2
124,974
97,389
27,585
28.3
A -The
above figures do not include the system inputs
panies not appearing in both periods.—V, 157, p. 1361,
chemical
..
$1,448,696
interest......
U.
companies
during 1942
The
miles
plant
$1,461,733
Co.A,
minority
American
National
company's
five
•
15,497
$121,741
Ebasco Services Inc.—Weekly Input—
tax
line
.
434,918
12,350
months
transmission
to
,
466,335
137
$129,272
Applicable to E.
157, p. 1080.
For
and
company
the
income
of
purchase
present
36,301
258
deductions
Electric
the
its
$1,899,111
amortiz.A
and
National
extend
781,497
$1,940,418
—V.
1943
announces
749.123
$158,180
dividend deducs.;
B.
1
$5.11
and
effective
an
63,248
$170,318
income
'
includes
productive
3,500
a,
The
field
of
com¬
any
to-
Edison Brothers Stores, Inc.—March Sales—
.
a
residue
of
wells of an average depth of 1,500
potential production of 30,000,000 feet per day.
total
been
proven
of
reserve
(developed, last
"dry
gas
520.
p.
natural gas"
from
oil
10
15
Dow.
i
will
The
fields.— ("Wall
and
acres
billion
This
year.
by
2.100
on
to
.»
may
cover
Sales
Calendar
Net
after
.-•••WOn 95,500
mark
El Paso Electric Co.
the
first large
formerly has
company.
Street
Journal.")—V.
157,
--A
from
1942
$112,315
•
shares of
stock.—V.» 157,
common
$85,328
>.
$0.65
Ltd.—Earnings—
.
1080."
Edsoiv Hotel
\
:t,
1943—11 Mos.—1942
$61,242
$677,721
34,479
280,938
247,403
141,478
754,967
1st
183,843
committee
$26,735
$396,783
:
include
income
and
profit
excess
taxes;
.
Co.,
estate
*
mtge.
6W
under
Beaumont,
serial
gold
agreement
its' duties.* The* Mississippi
Louis, Mo.,
was
$404,230
'—.16,916
.~1~.
Balance
.
157,
Texas—Committee
Ter¬
bonds,
dated
announces
April
Valley Trust
15,
Co.,
depositary under the agreement.—V.
that
1932
18,070
17,594
'.
2,788
13
—_
:
:
$293,322
requirementsA!AAA.!...
506
128,
Olive
p.
common
stock
p.-219.
Equitable
$365,778
surplUS.AA '
111,425
111,425
$181,897
$254,353
;a;;;A
Office
Amott,
R.
and
committee,
on
April
invitations
in
the
Bldg
Chairman
6
offered
trustees
Corp.—Reorganization—
of
the
the
debenture
following
issued
report
holders
proposals,
recently
for
in
protective
response
suggestions
the reorganization of this corporation:
The maturity of the first mortgage of $17,171,145
to
re¬
specting
1.
said
Equitable
Life
Assurance
Society
termi¬
extended
upon
reasonable
terms
the
has
for
St.,
St.
2097.
;
which
the
stock of
first
mortgagee
the corporation.
'
—1
$329,229
^.!..._.:._.„-A~.!.A^!_.~A-:r'-*'---AA—
Harry
-
formed
-
—
293
dividend
.-
$404,229
taxes.A-—; 18,685 i!
$409,504
$24,022
do!;not
Or.vilIe Grove," Chairman of the bondholders protective committee for
real
!;
'—,—A.
.....
taxes
Preferred
1941
1942
.
$656,907
'29,823
minates—
79,645
•
*
—
-.AA—_—'
Balance
—v.
p:
revenue
income
Interest
$53,845
.
earnings. ■_!_.:A
!"Operating: expenses
157,
■"
companies:
$329,229
revenues
Expenses
Federal
Oilier
1079.
p.
1943—Month—1.942
Total
1941
$0.93
earnings
""Operating'.expenses.!.
—V.
\
.
subsidiary
Dividends—common
charges.
$1,965,196
*
(Del.) —Earnings—
12 Mos. End. Dec. 31—
Revenue,
"
•
.
East Kootenay Power Co.,
Net
,,
$9,928,899
feet.
;.share
per
1943—3 Mos,—1942
$4,118,272
157, p. 992.
Co.—Earnings—
Years—
income
'-Earnings
1943- -Month—1942
$3,674,009
1
-
—V.
Miscellaneous
Dow Drug
.
700,243
117,794,578
Period End. Mar. 31—
natural gas
has
area
was
use
13
combined
with
acres
378,144
127,692,560
37.018 651
•
.,,AA:-A-.~_
Applicable
months, ended Feb; 28, last, in¬
received
received
purposes.
field
with
nated
Total
■!,.
revenues
res.
Miscel.
A
.
Other current .assets—
37,413,800
!
Feb. 28, '41 Feb. 29, '40
$5,819,127
$5,495,945
($6,322,592
and
the
for
$700,000
will
feet
460,243
supplies.———..——_
1269.
p.
oper.
$0.61
taxes,,
profits
690.
p.
County from Taggart Brothers Co.; of Big Rapids,
company
200,755
^Material
and
70,444
663,268
299,642
accounts
24,637,300
(
2,533,333
...
1942.
the
on
extraction
„
.
receivable.;———754,149
Miscellaneous
24,637,300
par)
1..
Interest
5,013,172
70,719
1,077,766
conductors
107,075,643
7,788,579
..
($100
(1,988,400
Balance
after providing $5,632,873 for Federal normal
and excess profits taxes at an effective rate
at
dividends
transport gas over
Y
2,009,000
—
.—,;i——
3,913,713
($100
,
surplus
Gross
(& Subs,)—Earnings—
Feb. 28, '43
'
Gross
Cash
4,963,887
parL^...W-—AW^A: 37,413,800
shares, 110 par) AAA" 37,018,651
surplus '.„AAAA^A.!.AAiA;A~.AA.-': 10,863,607
(inch
Retire,
excess
stock.—V.. 157,
,
—.110,644,010
883,263
-62,498,000
1941
$1.02
capital
Period End. Feb. 28—
Investments
cum,
stock
Maintenance
no
$170,067
—...
Earnings
company
Osceola
2,005,000
1,440,498
297,851
421,860
969,441
60,174,000
Period End. Feb. 28—
1942
,
debt.;
275,289
371,699
A.....r_..2„™. !.,.*
157,
$286,339
1
1,780,428
1,962,632
Co.—
278,976
311,250
*
accrued liabilitiesAAA-AA
!..:!AAA-A..AAiAv
Eastern Utilities Associates
Acquisition—.r.
-
Del.
:
and
840,202
188,217
a
pro¬
tne
905,084
809,484
companies...
deposits
Operating
on
2,651,047
.905,694
;
preference, 4ftcum.
—V.
577,895
2,923,634
.4A—A A W
-
taxes
credits
6%
3,175,217
609,634
taxes
debt
Earned
Molyb¬
3,181,334
;
+„
interest
Common
Ltd.—Earnings—
.
depreciation
fiscal year ended
from
Hudson
$5,735,062
1,756,061
1,464.723
debt
advances
on
$8,486,521
1,734.651
187,874,964 187,683,219
..AA!AL.!A;..-.^!iA_AA.
income
affiliated
to
Non-oper.
Report states that Federal taxes
used,
roads.r :-
86,328
187,127
361,093,
257,273
,
.
121,583
&
rentals.
for. leased
Interest
Int.'
for
"
...
accrued
Funded
payable May 15 to holders of record April 19..
payment was 50 cents per share on Jan. 15, 1938.
surtaxes,
with
scale
Inc.
414,751
166,738
,
payable
Other- current
Dome company's
the company has
of
declared
Stores,
dividends
(2)
Dr241,213
131,973
$8,497,736
727,426
and
Total
Indian
as
the
to
stated
report
the
$7,351,633
per-share.— : '
$5.70
The
V Not
assets A
capital
'
Dr267,838
171,323
other
discount
Federal
v
ended Feb. 28,
Dow
Net
and
payrolls
Pfd.
Ltd.—Resumes
interest,
compare
959,528.
'
..
538,423
•.
:
items...
Liabilities-r-
Deferred
-
of tax computed upon the basis of estimated taxable income for the
company's* fiscal year'.ending May 31, 1942.
(On 1,248,706 shares of
common stock outstanding.
79,078
,
.
714,454
•*.
royalties
Consumers'
record.
May' 14
1941.—V. 157,
on
have
profits tax.1; + Arrived
clude
9,043,686
723,298
.
.'A_..!______A.
_.J—
Total
Due
the
on
.
$45,642,213
_
struct.
equipment—..
Transportation
1939
2,279,301
.v.-,-v
accounts...._....i
debt
deferred
Prior
—
Notes—(1)
1940
and
assets '
Accrued
be
343..
p.
(Earnings
Account
1941
10,327,234
coll.
4,673
,
,
Calendar Years—
and
6,020,839
Accounts
*
Comparative Income
1st- mtge.
expenseAA~AA 5,430,193
Prepaid items A—A..'
AA.U..A—AAA- '
387,461
Transmission pipe line expenditures'.„A..!!
75,661
Subsidiary—.
company,
profits
income
*
for,
>1,250,937
732,277
152,720,591,
Unamortized
Corp.,
April 9
holders of
Engineering Works,
depreciation
"After
$1,872.39
trustee
equipment
Operation
Dow Chemical Co:
$.0228
$3,264.00
1941
149,681,518
that
will
on
this
on
New
new
The
contract
a
9 Months Ended—
52,416,201'
pass
T
1942
10,731,079
__„^„'A:A_--_.AAi~~~A..J„_i.
claim for property destroyed .Aa. A
Property,
Vice-President" -and
Quebec,
1942.
280,014-shares
"Npt
$.0223
mile..
31
companies..1.033,697
Balance
990.05
-
train
Dec,
'• 195,354
2,000,000 pounds of molybdepite.—y,157f p. 1361.
previous
157,
"After
-
748,439
.
......
by
notes
Miscellaneous
:
declared
made
were
capitalization
a
Calendar Years—
■
per
no.
Sheet,
bonds
Accrued
May 20,
property' in
directors
last
(On
$27,453
74,767,928
Average
Balance
A-
Sundry
19.
was
stock," payable
on
(Earnings per. share
$.00856;
:
notes
Accrued
and
April
share
per
has formed
company
(ftNet .profit••
per
revenue
1,108,729
1,122,414
:. ^
held
$3,482,300.
1,108,729
1,122,414
•'
received
changed
stock
common
distributions
Sweeney,
Dominion
19,098,151
$29,058
1,104,396
mile A
surplus... A $3,168,709
stock,A!AAA-A!:
stock..!..^_...™-A:-.'
value common stock,
—V.
1939
$.00850
$37,862
1,290
amt.
"
Cr825,739
±
A;:'A$
'-'-v
AAWAAA^A^AAW 6,579,050
2,614,272
receivable...10,628,490
10,688,647
affiliated
Reeoupable
v
o
commencing
-
last, and
Dominion
The
A'.,.
19,680,097
carried
per
and
from
trust
tons
I mile
Average
pass,
24,751,377
$50,447
_
preference
Inventories
;
Other
Exchange
the
25
into
par
1940
Stock'
entered
Report-
$.00785
oper.
curried
puss,
per
share
per
this- corporation
report; for
:
freight)
pass,
No.
Calendar
1941
York
annual
per
road
(rev.
31,367,753
mile..A.
per
mile
prior
6 A preferred
Cash. A.
to
was
follows:*'-.
*7
181,394,900
5,457,216,785 3,946,734,905 2,891,302,367 2,715,601,302
AAA'! A
per A>A:A
rec.
Freight
No.
2,
1
snare
as
tons carricd
Average
A
for
:
-
molybdenite
124.470
38,347.117
....
...
1942
'(rev.;frfc.) «AAAA
No, of tons carried
and real
prop,
.
Similar
D.
The
1
Nov.
May
per
were
€orp.--Proposed New Name—
new. name
30.
denum,
' 4,535,450
.
Delaware & Hudson RR. Corp.—Annual
No, of
personal
transferred to earned
on
cn
Insurance
cents
Domc^^ Mines, Ltd.—Forms
992.
^Traffic
cents
1942
(The) Dobeckmun Co.—Promotion.
.
■
1.4
trades
duction, of
-V.
3,299,420
2,578,02.9
,»
Assets—
per
Capital
51.213.500
120,252
A
"Revised.
and
payable
11
;
cents
Treasurer; lias beep
promoted to Executive Vice-President and Treasurer.—V. 151, p. 863* >
con-
surplus
other
1
nine
9,820,597-'
3,160,721
Securities
•'
Dec.. 18,
W.
763,776
51,213.500
.A
Total
of
of
i
1269.
:
36,900.
759,279
......
capital stock received
of -bonds A AArAA
version
10,524,367
surtax_A_AA A 3,442,000
„
and
...
Reserves
v,
A-..-.....—..AA™
construction
on
"
interest,
distribution
1, Aug.
May
par: value. common
450,000
-
Appropriated
of
of
the
April
Capital shares (Del, & Hudson Co. capital stock,
par
taxesAA..;^A^A-A: A.,-;
Consolidated
Shares, Inc.—Smaller Distribution—
dividend
and
etc.
stock)
(capital
in
no
18,700
857,362
surplus
'
pany
beneficial
A
dividend
8,079':
■'! "v
Fed.
37,194
Dividends
25-Cent Dividend-—
948.878
or
that
A
19.700
Equity of minority interest in subsidiary
Grants
and
1,249,393
Net income
and
amort,
to
Other
83,752,401
income
reserve,
interest,
tax
104,160
taxes.!_A..:.™.A—-A.*.A..._20,674
Dividends
quarterly
$
.New
under
859.730
liabilities
insurance
•'
name-
and
4,184.353
Long-term debt
Other
1
Dixie. Vortex' Co,. below.
The
the
2,053,548
:A'-.-A-
,A'A
*
to
1942
Aug.
25
>'
r
payable A..AAAAAaaAA_._.A--_-'
credits
and
39,232
cos.:;.
'
\
Long-term debt maturing within
Matured bonds payable.....
Deferred
in
cents;
19,927
42,015
133,534
33,735
..... ......
X\ estate taxes
20.
Dixie-Vortex Co,—To Change Name—
*
181.394,900^
190,942,244
Rentals
20
par,
Payments
last.
1,
1,
no
April
sales, utility
A
Refunds of prior year's
the
on
record
•
.
Total
payable
a
of
14.
! "
343. :
p.
par
See
,
,A___A~AAA-A.„.a,A-A—11,283,909
10,958,663,
plant and equipment..™!.
j 150,234,512 149,652,793:
1,947,252:
:
953,050.
Other assets (special funds and .deposits, etc.)_
1,735,690
1,883,473"
liabilities
May
of
1361.
p.
I;A last,- ^-Disbursements- during
Dixie rCup;:
,
Property,
Accrued
fecord' April
dividend
Investments
Accounts '
Feb.
on
declared
holders
to
138,207
;
reserve
for current and prior years'
contingencies .........A.A..732,256
tax
cents,' payable May 1 to holders of record April 15.
This compares: with 2 cents paid on Feb. 1, last.
Payments in 1942
were as follows:
Feb. 2, 2.2 cents; May 1 and
Aug. 1, 1.5 cents each;
and Oct.*: 26, - i:3
vcents.—V.} 157, p. 218.
.
'
6,358,754
■
declared
11'cents;' and
stock,
8,822,592-
•
2,009,000
obligations..A
Other
charges
1
2t 30 cents;
have
Dividend
.
...
Govt,
current-assets..':.
of
157,
31
InventoriesAA—AAAA.A-~-AA~AAA~A
Deferred
May
made
was
Feb.
certificates
-
on-Feb.
Feb.
t$2,363.075
(net),
aA——A
Canadian
accounts
share has been
per
payable
...
State, income
Cash
Treasury, tax notes
Other
facility
hand!
on
on
normal-income
"
AAA
Cash'in-banks
$4,336,480
the
on
holders
Z)rl,435,912
A
r
Consolidated
Assets—
cents
distribution
trustees
Share
equipment
;
Federal
45,657
:
34,320
purchases.107,146
and State income
Deductions
company
accruedA-;~~.AA.AAAA
before
income
232,134*
9,374,675
investments...20,010
and
Diocesan; Investmeiit Trust (Mass.) r—9-Cent Dividend
(;
$6,565,068
made
A
other
received
A Net
,
10'"cents; each.—iV. 157,
'128,649
vi'
10
stock,
.
as-follow's:
were
Nov,
from
inet) A:
secur.
common
4,310,714
10,244,267
,
A.A—A/
_
dividend of
A
2,741,982
depletion..- vi' 4,072,785
as*AA-AA fJ AA
-Av
:
A
value
&
Realized
2,001,992
4,598,263
7,798,980-
for
-1--^
affiliated
an
discounts
Prov.
$6,990,637:
J
64,033,007
accounts.201,174
income
'-'.'Diamond Shoe "Corp.—10-Cent Common^^ Dividend—
I
a'
unfund.
on
28,552-
1.187.048-
paid
^
•'
90,347,773
4,086,128
Miscellaneous
Co.—Secondary Offering—Mellon Se-:
142,304
25,977
33,807
chgs, $15,896,334 $12,388,610
fixed
leased
on
Interest
.
1,184,586
tax
v;'• .lV
Net
Interest
Cash
,
taxes
profit
on
16,010,234
.
.
and
uncollectible
from
127,692,560 117,794,578
Corp. are offering as a secondary distribution
5,500 shares of common stock at $62 per share, with a
concession, of $2 a share to NASD members—*V.
157,
p. 815.'
'
:A 220,135
1,344.667
earnings tax——
.{• ">•'
;
1268.
taxes
holders)
for
Operating
curities
$10,574,361l
7,498
inc.
(except
Net profit from merchandise
Dr252,745
1,722,819
Property & other taxes:.
""
157, p.
1941
$
revenues......
and
Dividends
$10,827,107
2,268
Unemploym't
& old. age
taxes AAA A!A AA
J.i...
Diamond Alkali
'
_
cos.A_v $22,549,490 $16,257,471 $11,644,283
all
revs.,
Federal
,
sales
Provision
15,030,057
vv
Total
„
,1 not incl.'above„_,
operating
Dividends
128.288
272,448
and
security
1,432,624
1,048,473
16,088,492
Subs.)—Report'
9,288,618
.
Unadjusted credits
—V.
;
3,522,834
12,104,686
of
Taxes
17,653.949
80,369
158,942
Corporate surplus,..... A------_Drl l,735,460Dr
17,403,875
16,916,790
386,441
-1,137,938
liabilities
(&
'
•
100,252,310
expenses of operation.72.578,390
Depreciation, depletion and utility retirements
5,223,894
Selling, general and administrative expenses.:.
7,918,457
•
liabilities'—
current
sales
Cost
66,787'
379,870
'
•
-4
Net
12,128
160,361
.
$46,013,219
18,734,620
accrued.—A—I
accrued—.—.
liability—
'
.
1,893,038
9.854
Associates
1942
'*
75,487,412
1,793,355
Fuel
Years Ended Dec. 31—
*
unpaid...95,946
19.020,343
■
Deferred
"
■
527,273
Gas, &
2 8,473,01.9
522.374
payable..
'
lion
28,473,019
payable.—J
wages
.
.
Eastern
com. shares of no par)
construction.—......
of
tcrni.debt.—.—.—...^—75,139,292
Audited
'
v>
1423
'
stock' (515,740
Capital
Subsidiaries
-
7:
Liabilities—.
..
; •••
>
CHRONICLE
.
Volume -157
of
and
should
the
United
conditions,
receive
a
held
States
in
portion
by
should
consideration
of
the
the
be
of
common
their counsel have conferred with the City
settlement of the tax certiorari proceedings.
and
trustees
The
2.
concerning
authorities
negotiations are progressing favorably.
The committee believes
such settlement, a substantial amount of cash will be re¬
funded by the city, and the assessment for the next tax year will be
materially reduced.
The committee has proposed that the cash refund
from the city be employed (a) for modernization and improvement of
the building and (b) for retirement of a portion of the debentures.
3.
In view of the lack of earnings and capital value, certain parties
These
that
upon
be issued to the present
adjustments can be
of New York, the
committee feels and has proposed to the trustees that the debenture
holders should receive one-half of their present holdings, or $2,377,000,
in new 3% debentures, plus the major portion of the common stock of
the corporation, to be deposited in a voting trust for the debenture
have
that
suggested
the
with
effected
only
stock
common
if the contemplated
mortgagee and the City
However*
holders.
debenture
first
debenture holders states that the building
dnd has a gross roll of $2,600,000.
The
earnings for the current fiscal year, after
providing for all charges, will amount to about $75,000, equivalent to
about V/sVo on the debentures, the letter declares.—V. 156, p. 340.
committee's letter to
The
present is 92'A rented
trustees estimate that net
at
"The
revenues
156,258
Net
270,683
245,361
34,670
439,473
417,040
taxes-
117,358
58,829
901,219
460,033
428,003
412,855
$807,678
$969,458
38,235
3,874
34,176
35,625
——
$70,850
■
loss
income—net
5,237
,
-
in subsidiary companies
in value of investments
estimated
the
and
$75,029
$769,443
of
in
loss
such
17,352
263,071
is
In
charged
Balance
$57,677
$47,513
—
67,501
69,101
$438,871
requirements.™™.
dividend
Preferred
current
of
excess
-V.
preferred
Operating
revenues
Operation
Maintenance
1943—12 Mos.—1942
$771,947
$8,048,475
212,800
167,072
2,215,032
19,853
18,584
242,953
"
---4-
are
$6,799,108
1,549,190
298,727
for
Deprec.ation—Prov.
110,111
108,692
1,144,395
888,681
157,545
156,231
1,833,657
1,421,901
revenues—
$256,856
$321,368
$2,612,438
$2,640,605
Explor. and devel. costs
839
7,695
103,465
77,613
retirements
-
Balance
other
and
Sinking
oper.
$256,016
Gross
$313,673
$2,508,972
$2,562,991
9,998
Balance
Other income
2,041
37,876
33,443
$315,713
$2,546,849
33,712
402,907
$2,596,434
395,612
——
income
$266,015
—
Interest
'
32,848
Amort,
debt
of
discount
788
deducs
inc.
983
14,293
20,265
412
and expense
Miscell.
6,699
75,121
T
cash
fund
Miscellaneous
special
—_w—
income
Pref,
dlv.
stock
from
receiv.
103,579
103,579
and
Int.
65,760
Int.
6,035,689
5,349,033
4,016,435
362,891
™™_™
4,149,845
287,229
9,640,851
„™_™_
debits
divs.
—V.
and
157,
CC\:
a:;;\
1080.
Comparative
(Parent Company
Statement
Income
Calendar Years—
''v>,a
vV :%•'
stock
a'aV
■
10,203,379
V'''■■
™.—
companies—preferred stock
1
and discount on preferred stock—
Premium
■'
41,801,500
1,909,968
41,801,500
1,909,968:;
-----
stock
Common
69,231,011 69,421,627
62,380
62,380
148,981,500 150,464,209
debt
11,000
11,000
Accounts
—1,520,709
2,407,820
i.'-U
payable
Dividends
1,753,834
2,481,194
,
...
163,856
deposits
'
163,856
964,791
declared
Customers'
938,006
8,793,836
Interest accrued
:_™1,170,284., 1,247,961
Other current liabilities.™!.™..™
.i—1
333,233
242,079
Deferred credits
..I..
'2,331,665" 2,007,536
Depreciation reserve
:_™„™______™41,404,401
37,436,081
accrued
Taxes
Reserve
Other
•
14,985,734
™
for
Parent
.'
company's
Capital
surplus
Earned
$2,809,855
313,666
9,413
155,499
4,751
$2,372,002
$3,181,212
....
"Federal
taxes
income
taxes
;—«~™
—.4.."
———
Balance
-™_._ _
__
™
!
77
Interest
r—...
dividends
for
Balance
.
283,440
.a
Expenses
Other
$2,371,925
——
4,390,463
Earned surplus at beginning of yearDirect
credits
surplus
Total
-V.
Total
$3,181,212
3,470,676
1,937
63
-———-
surplus
Earned
consider
not
does
2,263,362
$4,506,367
$0.06
that
$4,390,463
$0.48
liability for
it has any
1941.
Federal
—.
398,504,899 388,007,440
692.
p.
RR.—Securities Authorized—
ICC
April
on
Assets—-
interest,
for
and
the
the
the
,v
Special fund ....
banks and
proceeds
purchase
bonds,
Series
report
of
Invitations
to
22
banks,
terest
hand
,
12
and
be
to
of
used
$14,000,000
to
of
reimburse the applicant
collateral-trust 4'/<? notes
Commission
for
the
states
notes
in
insurance companies,
borne
part:
sent
were
investment
119
to
houses,
bidder to specify the in¬
Va of 1%-. In response
the
by the notes in multiples of
received,'
the highest of
100.145, plus accrued
made by Halsey, Stuart & Co.,
At this price the average
annual cost of the proceeds would be approximately 3.1%>
:
The applicant estimates that the proposed financing will result in
a
net
saving of $2,660,125, detailed as follows:
The purchase of
$14,000,000 of 4% collateral trust notes from the Finance Corporation
thereto,
three
and
Inc.,
bids
Otis
were
rate of 3 Va %,
the
by
sale
estimated
of
several
maturities
the bonds, amounting
penditures to $16,939,875.
by the Finance
interest
the
at
serial
connection
of
Payment
annual
at
notes
therewith,
$10,000,000
interest
$2,421,875,
Corporation,
of
rate
3V«%;
which will be offset
would
on
100.145,
less
resulting
of
serial
4%
the
notes.~V.
157,
the
if
per
held
to
annum,
plus
maturity,
$5,600,000,
or
saving mentioned
p.
1177.
'
$2,660,125
of
1
(sub. cos.)—
and dividends receivable
271
158
14,138
of
dividend
10
cents
disbursed
cash ex¬
notes
10-years'
would be
the
over
'
Liabilities—
stock
Common
Accounts
Taxes
Other
$41,801,500 $41,801,500
„_™_™:.™™:_!__._;,
payable
accrued
1,909,968
,™™™_„_^_!
_
173,699
.™.™„™
liabilities———
current
Earned
■
47,129
!-™»!.,*™!™
surplus
share
The
have
directors
no
value
par
April
16.
Payments
...w
in
declared
26,049
1942
were
1942
,
26,974,026
^
Maintenance.
5,011,385
Federal
excess
Other
profits
taxes
operating
income,
Interest
and
including May 1, 1942, quarterly
were made.—V. 157, p. 440.
Dividends
Cumul.
dividends
Amount
applicable
to
earned
minority
interests.
Balance
...
tEarnings of
a
28,539
...
7,147,634
7,402,364
2,718.985
but not declared
^
■
6,613,484
252,924
....
________
preferred stocks, declared.-.
on
pfd.
i.'.
loss..
amortization
2 840,038
1,583,970
1,583,970
26,770
27,562
subsidiary company
$5,465,491
157, p. 992.
applicable to Eng. P. S.
fAmortization of discount.—_
Earnings from sub.
above
cos.,
included
from
other
$4,815,052
7,574
sources..
Total
■
per
share
on
226,024
124,240
118,124
$4,531,861
$5,166,774
437,930
473,916
Balance
applio.
on
pfd.
to
stocks
stock
of
of Eng. P. S. Co.
Eng. P. S. Co.—
$4,073,931
$4,692,859
2,256,084
Balance
for
per
common
stock and surplus.....
share of common stock
$2,429,497
$0.96
$1.27
1,549
29,337
$42,033
$804,288
$642,979
1081;~
140,196
V '"
';V '
report released on April 2, dis¬
direct and important part in the
essential civilian needs, gross sales for
the year ended Dec. 31, 1942 totalled $30,010,234, the greatest in the
company's history.
This was an increase of 8.6% over the previous,
sales record of $27,632,897 in 1941.
*
' ;
•
/
Net earnings last year amounted to $1,108,543, equal after preferred
dividends to $1.55 per share of common stock.
This was without tak¬
ing into account the post-war credit of excess profits taxes amounting
to $176,400, or $0.33 per share of common stock.
Federal income and
excess profits taxes amounted to $2,369,500.
In the previous year, net
income was $1,349,125, or $1.98 a share after deducting a contingency
reserve of $400,000, or $0.74 per share.
Provision for Federal income'
and excess profits taxes for
that year amounted to $2,140,000.
Current assets at the year-end were $7,273,116, including S2,198;717
of cash and U. S. Government obligations, as against current liabilities
of $2,560,531.
Net working capital of $4,712,585 compared with $3,753,843 the year before., a-"...',-,r.-./!
,v
••••'■• a-;1.'
General Clifford W. Gaylord, President, stated that because of the
many uses served
by the company's products, the post-war position
should be favorable.
In his opinion, it may be expected that In many
cases
the use of paper packaging in place of more critical materials
and of heavier and bulkier types of packaging will continue when the
with
in its
its
well
as
annual
1942
output playing a
serving
as
,
,
$1,175,924
$369,196
$1,011,592
4 '%■ 20-year first
is over.—V.
157,
:V";,,;a...
864.
p.
■a a
General American Investors Company,
Report—.
■"
V:
.
■
Inc.—Quarterly
;Y-;-
assets of $23,105,856
: ':
months, after the dividend
of $98,000 on the
preferred stock, was $4,610,991.
Included In this
amount is appreciation (after deduction of State and municipal taxes)
of $4,202,090 in the value of securities over cost.
If such appreciation
were
realized and
no
dividends paid therefrom, the Federal income
tax, under existing law, would approximate $1,150,000, and the net
assets as of March 31, 1943, would be reduced by this amount.
The net assets as of March 31, 1943, without deduction for possible
Company
reports
of
as
March
31,
net
1943,
applicable to the preferred and common stocks.
The
in
increase
net
assets
the
for
three
Federal
income tax on appreciation If realized, referred to above, were
equivalent to $361.03 per share of preferred stock; the net asset value
per
share of common stock,
without giving effect to the possible
exercise of
the outstanding warrants,
was
$12.85 as compared with
$9.30
of
as
scribe
to
March
Dec.
The
1942.
31,
stock
common
31,
would
company redeemed
shares of preferred
$12.64
Earnings
the
Quarter Ended
the
of
$288,361
$262,280
76,613
162,189
144,285
*8141.072
.
of
*$136,075
$126,172
$117,994
sold
98,000
$58,313
which
a
loss
net
102,000
in
1943
157,
Commission. reports
that
holders
of
1361.
p.
share
15
the
on
cents
common
share
per
of
record
on
April
declared
14
20.
Like
last.
stock
pared
with
Jan.
on
3,
of
each
25
50
cents
quarter
cents
1941.—V.
per
during
on
157,
Feb. 1,
'
share
1942,
Aug. 1,
p. .344.
have been made on the
and also on Nov. 1, 1941,
1941,
and
an
com¬
com¬
initial of 10 cents
Fort
Worth
Stock
Yards
'
company's election
to
dividends
and
taxed
be
will
Comparative
be
as
regulated
a
declared on the common
stock, payable May 1 to holders of record March 31 . A similar
distribution was made on Feb. 1, last.
Payments last year were as
of
25
cents
per
share has been
investment com¬
distributed.
Balance
■'*
Sheet,
•
owned
Securities
March
31
$17,512,360 $19,092,590
for
73,545
81,163
$21,458,061
$3,200,000
$3,300,000
sold™
securities
received
Dividends
2,277,253
______$19,067,766
Received
7,054
interest
and
Total
accrued
•-
.1,300,220
accrued
Interest
Reserve
for
13,685
taxes
99,000-
13,869,944
sold™™™^™..:
securities
on
Undistributed
68,000
96,000
13.969,944
:
payable™
Capital surplus
Profit
68,000
v"
dividends
Preferred
152,622
42,069
380,980
v
income
Total
319.143
$19,067,766
"Represented by 1,300,220
General Aviation Equipment Co.,
profit _™J.
Inc.—Earnings—
1942
'j._™____™
'•/
,"Los§.
'
■,
General Capital
.
1941
$288,990
;._™™__
*$51,7C
.
Corp.—Earni[ngs-4:
t$50,848
1942?
"$42,94(i
$37,030
$36,994
9,417
8,303
6,707
7,730
1,823
™_™*i
$39,608
$34,637
$30,323
$28,605
3 Months Ended March 31—
dividends™
™„
taxes—„
for Fed. inc.
$21,458,06
shares.—V. 157, p. 473.
par
no
8 Mos. End. Dec. 31-
,
1,300,220
2,346,000
debentures
3 Vi %
Net
1942
1943
/
—
1,481,861
1943
,
taxes
1941
>
1940
658
'
income™-.:
+Net
"Includes
and
$1,515
$237
value
interest
at
on
bonds,
tlneludes
interest
date of receipt of stock received
gains or
losses,
realized
and
bonds,
$108
taxable
divi¬
on
as
of
tExclusive
dends.
unrealized,
on
securities.
Balance
:
Assets—Cash in banks
for
dends
stock
and
Federal
dividend
on
interest
able
Co.—25-Cent Dividend—
ioss
charged to a special account under surplus.
for Federal Income tax has been made in view
and the expectation that substantially all net income for the year
Prov.
a
amounts were disbursed on
■
Distributions
Corp.—Dividends—
dividend of 50 cents per
stock
and
the
usual quarterly dividend of
the preferred stock, both payable May 1 to
April
on
net
$169,646
were
provision
Expenses and
directors
108,000
105.000
ar.d
from
Income,
Foote Bros. Gear & Machine
v
pany
Ac¬
RR.—Plan
Gloversville
&
Commerce
1940
$212,689
pref. stock___..
Note—No
f:
t '
31
March
83,933
etc.
income
on
•
$225,005
taxes,
amort.,
Net
;
'
fund, 2,000
1941
income
Int.,
net
1942
1943
Total
of
as
' ava
for the sinking
1943,
sub¬
to
value
resulting
the
share.
per
holders
asset
net
date,
cost of $200,000.
a
for
above
that
on
Feb. 27,
on
stock at
entitling
warrants
than
exercised
been
have
all
If
less
at
been
had
1943,
value
asset
'
Interstate
,
'
pmerred stock™
"Common stock
2,263,362
$1,837,847
61,520
1,283
:
com.
on
992,
Liabilities—
the
company's securities have voted acceptance of a plan of reorganization
for the road, and that the plan has been certified to the U. S. District
Court for the Northern District of New- York.
Approval was unani¬
mous by three of the four classes,
and .dissent was 0.65% in the case
of holders of first consolidated general refunding mortgage bonds,—
A
Earnings
;
$48,925
of
total,
interest
for
Capital
securities
receivable,
undistributed
March
Sheet,
(demand
General
accounts, receivable
Dividends
109,655
46,001
;v:.a
4,092
6%
':;v:^' 'V-.
W
Johnstown
Fonda,
The
mon
Expenses, taxes and interest-
cents
1943—3 Mos.—1942
1943—Month—1942
:
the outstanding
holders
125,^27
......—.......
Earnings
$4,281,655
deductions
105,585
8,821
a
3,780
/'a
■
that
effort
war
and Dec. 31, 50 cents.—V. 157, p. 602.
cepted—
459,452
41
Co..
as
25
mortgage bonds due Nov, 1?
1955, have been called for redemption as of May 1, 1943, at par and
interest.
Payment will be made at the Boston Safe Deposit & Trust
Co., trustee, 100 Franklin St.j Boston, Mass.—V. 156, p. 603.
of
The
Balance
of
$5,274,504
1,183,837
...
Ltd.—25-Cent Div.—
Fitchburg & Leominster Street Ry. Co.-—Bonds Called
V.
■■
...
dividend
a
$445,172
All
2,516,967
$17,195,773, $17,156,977
revenues.
net
6,814,030
8,633
etc.;
corporation
closed
3,795,353
"6,635,210
taxes...—...
taxes•
Net
4,180,922
4,245,937
6,926,922
income
Other
23,661,785
6,847,291
Depreciation
Federal
—V.
1941
Operating revenues .1—$73,836,543 $64,739,518
Operation
declared on the $1 par
record April 21., A like
on
Aug. 1 and Nov. 2,
(M. H.) Fishman Co., Inc.—March Sales—
Period End. Mar. 31—
4,390,463
$63,381,342 $63,281,004
p."
securities
stock, payable May 1 to holders of record
distribution
was
made on
March
1, last):
as follows:
Feb. 27, April 27, June 27 and
Sept. 26, 25 cents each;
Income Statement for Calendar Years
Consolidated
/
common
similar
A
Sales
Total
330,596
$843,491
Cash
14,932,140
4,506,367
476,325
$957,423
Gaylord Container Corp.—Reports Record Volume for
186,719
14,932,140
surplus
Capital
34,165
10,539
......A
1,909,968
30,903
$56,229
:
and;
notes,
Assets—
the
stock
Preferred
Dr987
a:
$1,174,087
(Houston
declared
157,
The
36,150
$63,381,342 $63,281,004
—
$1,433,748
income
Divs.
1941, to and
15 cents per
payments of
has been
on
1,
while from Aug.
share
per
May 1 to holders of
Feb.
1.
last and
payable
stock,
was
Famous Players Canadian Corp.,
Total
$87,132
121
1942—
a
C
Fairbanks Co.—10-Cent Common Dividend
amount
979
Co.)
"Exclusive
common
$1,432,768
70
$61,464
life
for
balances
increase
in
notes
The cost of retiring $14,000,000 of 4%
indicating
the
in
plus
to
$19,600,000,
of
of $14,507,500,
the
$4,518,000.
of
held
of
of $25,000
expenses
was
accepted.
was
expenditure
an
$10,000,000
expenditure
their
at
of
which
Co.,
&
involved
103.625
at
1942,
2,000,000
Accounts receivable
interest
4,454,369
154,246
$1,175,074
$87,061
131,434
war.
B.
the
bid
interest, based on a
A
92,000
5,758,999
140,000
_™~,
on
tax notes, at cost..
U. S. certificates of indebtedness, at cost
126,215
522,524
808,232
$105,907
collateral
on
—V.
—
Treasury
708,179
I
393
44,443
bonds
on
Net
(1)
company
formerly held by the Reconstruction Finance Corporation, and to pro¬
vide
funds
to
meet
maturing
indebtedness;
and
(2)
to pledge as
collateral security therefor $12,500,000 of first consolidated mortgage
(Parent Company Only)
.''..vi.-.v" 1942:'
1941
/
$55,375,933 $58,636,082
—
Cash ih
S.
'
investments
,
$105,514
a
pense
i
to Issue not ex¬
of secured serial notes, to be sold at 100.145 and
ceeding $10,000,000
part
authorized
9
life
profits taxes for the years 1942 and
46,230
Amortization of debt ex-
Comparative Balance Sheet, Dec. 31
Total
U.
$6,653,824
2,256,084
share of common stock——
per
"Company
excess
.
$6,762,451
—
.
surplus at end of year—
Earnings
'
:
declared——
dividends
___i„;.™__™-___™
...
1,356
15,425,022
17,886,150
315,644
25,123,531
9,762,903
19,457,977
l'
291,644
24,877,635
11,382,848
—
__
157,
The
net
Prefened
(subs, cos.)
stocks
not declared
com. capital
pfd. divs.
interests in
1,252/.
for depreciation—.. .14,352,830
reserve
Cumulative
Minority
757,765
Injury and. damage • claims.™..™.! V860,859
■ reserves
The
1941
$3,655,127
3,235,226
780,261
398,504,899 388,007,440
...
Preferred
A'/o
146,000
l__._™__
~
$2,030,820
?V"V
;a
\
66,013
(net)
income
Electric
.
Divs.
Total
Only)
1942
'a/;.
revenues
;■ ,;V
Co.—Annual Report—
Engineers Public Service
Gross
$1,950,948
$265,688
$223,335
surplus.—
p.
income
equipment
>'_'__™™
Prepayments
in
common
32,537
:
134,324
™™_™'- '"V:/.
Gross income
t
miscell.
supplies—
accrued
for
Balance
$4,621,002
2,189,472
607,718
;;
Depreciation
54,530
12,203,264
and
customers
—:
Materials
$2,134,399
8,632
8,632
require.
$2,054,527
$274,319
51,040
.x
Gross
10,640,030
1,135,814
76,608
13,077,816
™
Treasury securities....
Special deposits _V_.
Notes and warrants receivable.L.kA™
Accounts
Other
984,790
hand
46,158
$231,967
—
67,160
™U.„93,350
funds
on
: ;
:
352,721,899 355,408,013
V-:".
41
5,073
U. S.
Erie
Net
185,974
prof.
exc.
—
Operating income
.
1941
1942
$ i-'
••
.v.-;
■.
investments^.™™™
Cash in banks and
31
Sheet, Dec.
.
,r':.
.
—
Net
&
1943—12 Mos.—1942
$6,964,666
$402,843
•V
taxes
(& Subs.)—Earnings-
288,155
™™™™,™™
inc.
Other
per
'
.
Taxes
Fed.
50 cents
of
$661,167
Maintenance
and Dec. 27,
share was
June 30, Sept. 30
extra
1943—Month?—1942
revenues
Operation
subsidiary company owned by the parent
a
Consolidated
Notes payable to banks
(& Subs.)- —Earnings—
•
company.
$597,327
$757,164
-...
accruals
dividend
Operating
the subsidiary in
credited to such
of
March 29,
on
since.
In addition, an
the last-mentioned date.
on
taxes
iApplicable to bonds of
Long-term
1943—Month—1942
.
earnings
any
Bonds
Gas Co.
Paso Natural
El
Period End. Jan. 31-
28,
March 31 paid a dividend of 25 cents per share
stock to holders of record March 26.
Similar
on
made
were
reserves.
Subsidiary
(Del.
applic. to El Paso Elec. Co.
157, p. 218.
Bal.
and Oct.
each;
common
par
Galveston-IIouston Co.
figures,
and
reserve
no
Period End. Feb. 28—
commencing Jan. 1, 1939
such accrual of unearned preferred dividends
from
such
to
Liabilities—
$666,428
cents
25
;
none
paid
held by the
company,
the
1941;
amount representing
an
"subsidiary
a
consolidated
compiling
loss resulting
any
299,156
$506,372
31,
Publishing Corp.—Pays 25-Cent Dividend—
R.
distributions
investments,
Puget Sound Power & Light Co.,
public.
$965,585
21,667
amort.—
July
157,
The corporation
on
including provision for a con¬
siderable period in advance for loss which may be sustained because
of the accrual of unearned cumulative dividends on preferred stock
Deferred
$69,i80
Balance
F.
Engineers Public Service Co. in 1938 set up a reserve for depreciation
sources
$80,266
1,670
revs——
oper.
Interest
1,507,723
1,686,440
17,139
36,573
income
Other taxes
$4,012,472
$4,533,497
21,993
™„_™„™
Depreciation
Other
$359,199
134,118
$438,657
—
™r-..™™
Maintenance
Pederal
1942—12 Mos —1941
1942—Month—1941
Period End. Dec. 31—
Operating
Operation
April 30 and
p. 473.
1,
cents.—V.
75
sidiaries.
Plant
Co. (Texas)—Earnings—
Paso Electric
Feb.
follows:
estimated
currently allowed by reason of debt retirement and $550,946
post-war refund.
fEarnings of a subsidiary company in excess of its
preferred dividend requirements for the year, less minority interest,
credited to reserve for depreciation in value of investments in sub-',
$185,979
Assets—
El
the
deducting
after
profits tax for 1942 is the net
full tax credit, consisting of
for Federal excess
provision
amount
Monday, April 19, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
1424
profits
31,
1943.
deposits), $774,380; accounts receiv¬
Corp.-sold, not delivered^ $19,708)'
sold
$13,895;
tax,
(not
delivered),
amount
$11,472;
claimed
$11,856;
for
investments,
divi¬
refund
of
$4,8.99 420*
$5,730,731.
(Continued
on
page
1458)
•
-V-
Volume
Number
157
THE COMMERCIAL & FINANCIAL CHRONICLE
4169
Stock and Bond Sales
NOTIOE—Cash and deferred delivery sales are
New York Stock
«»
DAILY
WEEKLY
-
1425
Exchange
YEARLY
-
disregarded in the 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 year.
^qsbhbei
United States Government Securities
Below
furnish
the New York Stock
on
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point. (See note below).
Daily
we
Record
of
8.
17.
a
Prices
Bond
Apr. 10
Apr. 18
Apr. 12
Apr. 15
Apr. 14
Apr. 16
sales
In
[High
A'",
sales in $1,000
Prices
sales In $1,000
1
3%s, 1946-56
Total
2
Low
in $1,000
Vas,
[High
100.15
\ Low
(Close
■(
|
1963-1968
100.15
100.16
100.15
100.16
In
(High
Vis, 1967-72
Total
5
1
$1,000 units
2
J
1943-45
$1,000 units.
•V
(High
¥48, 1951-53
105.7
Low
105.7
Close
2
Low
—
Low
[Close
sales In
High
3 V48,
High
Low
[Close
$1,000 units
100.16
Low
(Close
sales
105.7
•
Close
Total
sales
In $1,000
Total
units
High
1944-46
Total
102.17
Low
102.17
102.19
Close
3 ¥*8,
102.17
In $1,000 units-
;:0V
11
3V.S, 1946-49
In
2y4S, 1952-55
I
sales In $1,000 units
2
106.6
(High
106.6
$1,000 units
¥48, 1954-56
Close
(High
units
/¥/'.'/'
Low
•
2s,
1947
sales
In
( High
Low
\
Close
Total
Low
■
Total sales in $1,000
10
3¥es, 1949-52
Low
(Close
Total
2
Low
Bales
(High
106.6
Close
Total
3
102.19
(High
•
sales In $1,000 units
102.19
•
sales
(Close
$1,000 units———
Total sales in $1,000 units
[Hign
3s.
1946-48
High
Low
2s. March
1948-50
LOW
Close
Total
sales
In
Close
$1,000 units
Total sales In $1,000
units
High
3s, 1951-55
High
Low
2s, Deo. 1948-50
Low
Close
Total
sales In $1,000
Close
units—
Total
(High
2 %8, 1955-60
v
.
'
Total
110.8
sales
■■'
1
■
110.8
110.8
110.15
4
1
In $1,000 units
—
(High
Total
2 % a,
104.5
104.5
sales
In
12
Total
15
sales in
$1,000 units—
104.5
•
$1,000 units
(High
2s,
Sept.,
1949-1951.
j Low
(Close
Total
(High
Low
sales
in
$1,000 units
High
\
1948-51
Low
Close
104.5
104.5
2s, June, 1949-51
104.5
Low
Close
2%s, 1945-47
units
High
110.15
[Close
-
sales In $1,000
110.15
Low
';
/
-
2s,
Dec.,
1949-1951
Low
(close
Total
sales
In
Close
$1,000 units
Total
(High
2%e, 1951-54—
sales
2s,
Low
__
Close
Total
5
(High
\
1950-52
108.10
$1,000 units
2%s, 1956-59
$1,000 units
(High
108.10
Low
(Close
in
sales in
108.10
j
>
Total
sales In
$1,000 units
109.12
Low
109.12
Total sales in $1,000 units-.
2s,
1951-55
Total
4
Low
sales in
sales
in
2s,
$1,000 units
*5
-j
1953-55
.
f High
] Low
109.23
l%s,
4
3 ¥4 8,
Close
P
3s,
2%s, 1949-53
106.12
\ Low
106.12
106.9
106.13
106.12
106.9
106.Ij3
5
(Close
,
5
Total
3
l%a, 1945-47
Low
[Close
♦Odd lot sales.
II
¥4
Apr. 13
f per share
59 ¥4
61
48 ¥2
Tuesday
Apr. 12
*111%
41
4814
41
•
*48 ¥2
59%.
59 ¥2
112 ¥2
X40¥8
40 ¥2
50
11 ¥4
48 ¥4
12
27
27
19
19
42
71 ¥2
51/4
*95
59 ¥2
*111 ¥4
41
11 ¥2
4IV2
♦69
I per thare
11214
27
27
19
li/2
42 ¥2
II
554
*95
49
11 ¥4
*26 ¥2
19
41'4
*69
55/s
100V2
HIGH
Monday
I per share
1121/2
*19
28
BALE
STOCKS
Apr. 15
f per share
61
*38
48 ¥4
11 ¥4
*26%
61 ¥2
I per thare
>
61
*lll¥4
112
40 »/2
*38 ¥4
40 ¥4
49
*49
50
115/B
28
11V,
*26 ¥4
12¥4
28
6 Va
19¥,
19¥4
19 ¥4
19
19 ¥8
411/8
411/2
41'4
42
42
42%
69
•
71
69
71
*67
»
5%
100
*90
574
100
*67
6
*99
6 '4
100
6
*95
72
6¥e
100
Bales for
the Week
*58
*111 ¥»
*37
49%
'
12
*26 ¥2
19
42 %
l67
6
*95
60
NEW
/
4%
50
49 ¥4
800
12 ¥4
14,100
Acme
10
6¥a
Ala
&
32,800
1 %
1%
1¥2
ls4
1%
1%
l¥a
17,800
14
15 ¥B
14%
15 %
15 ¥8
16%
15¥
161/4
15%
27,000
13 ¥2
145/8
14 ¥4
15 54
15 ¥4
31 ¥2
16%
31¥a
32
15¥8
16 ¥2
32%
13,100
291/2
31 Va
31
31 ¥4
32
33
23
23¥8
32 ¥2
33
23'/,
23 ¥4
3,500
22%
23 ¥4
23 ¥4
24
2374
24¥4
*23 ¥2
24
4.800-
8 ¥2
152 ¥4
*121/2
8 ¥2
153 ¥2
14
2014
154
*12 ¥4
20 ¥4
9%
81/2
9%
201/s
9
8%
8 ¥2
154
153
14
8%
*8 ¥2
154
1541/4
14
*1214
72
*70
72
9
9
9
1545/s
155
155 ¥2
72
8 ¥2
1543/4
72
8 ¥2
14
*12 3/4
20%
20%
20%
22 ¥4
22 ¥4
155
9 ¥4
914
9¥2
9%
9 ¥4
9 5/a
*12 ¥8
13
♦22 V,
223/,
8.200
9¥s
10 ¥b
18,800
10
817/a
82
82
82
82
82
33
33 5/a
82 ¥s
*81%
825/8
33 ¥4
34%
33¥4
33%
3354
341/2
34 ¥4
20 ¥2
35 ¥4
343/8
34%
201/s
20 34
20%
20%
20
20 '/a
20 Vs
1%
20 V,
1%
19¥a
197/8
1%
*l¥a
1%
l5/8
iya
1V2
l¥a
1 ¥2
—
1%
*16 >4
*81%
18
17
17
16
77
76
76%
77
75
26%
26 ¥4
25 ¥2
26%
26
60 Va
61
60'/a
62
60
For
footnotes
see
page
Allied
Chemical
1435,
*iya
♦79¥'8
400
13,100
-
¥a
preferred-.
Allis-Chalmers Mfg
Alpha Portland Cem—
1,100
Amalgam Leather Co Inc
16 ¥2
*16
17 ¥4
17
17
17 ¥2
17 ¥2
400
x77
81
79 ¥2
80 ¥2
80
813/s
4,800
6%conv
Amerada
26 Va
26 ¥2
26%
27
27 ¥2
27 ¥2
28
2,700
Am
61
61
62 ¥2
613/4
63
62
62 ¥2
7,200
American
Agric
preferred
Petro Corp..,
Chem
39
Sep
Dec
48 3/4
Jan
5
50 ¥2 Apr
7
7% Jan
6
13
Apr
7
5 ¥2
Apr
8¥s
Nov
28
Mar 29
2l¥aMar30
45¥4Mar 1
72
Apr 16
183/4
Jun
263/4
Dec
Dec
100
67
Jan
33/8 Jan
8
28
7¥sApr
7
Jan
Jan
11
5% Jan
5¥aJan
2
100
25
85
13
Jan
I8V0 Jan
-
•
Mar
2
Mar
2
18¥aApr
18¥aApr
11
363/8 Apr
11
64
Jan
15
7
Jan
19
Mar
16 %
29 ¥2
Apr
413/4
61
Jan
69
Oct
6
1% Mar
4
Nov
2
4
5
5
5
5
69 ¥2 July
10
Dec
943/4
Feb
i3a
Jan
¥2
3 ¥2
Apr
6%
Oct
Nov
3 ¥2
Apr
6 Vi
Nov
17
Ja a
May
22 3/4
Jan
1
57 ¥2
Nov
733/4
Feb
93/4 Mar 31
3%
Apr
7%
Dec
253/4 Apr
71
Apr
159 ¥4 Apr
2
9%
16
Jun
149
Jan
118 ¥2
Apr
10
May
12 ¥»
Jan
11% Apr
16%
Nov
6%
Nov
fDel)
Airlines
Inc
No par
140 ¥2 Jan
9
103/4 Jan
8
12 ¥2 Mar
No par
16¥4 Jan
4
22 ¥2 Apr
15
No par
6V4 Jan
2
10.% Apr
8
4
Apr
100
Dye__
Allied Stores Corp.
5%
Jan
May
—.5
&
Co
Allied Mills Co Inc—
2,000
76
¥2
Allied Kid
Dec
43
2
-1
Allen Industries Inc
'
113
May
43
8
No par
pf A with $30 war
-100
pf A without war
100
$2.50 prior conv oreferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6 % gtd
—100
2,300
13
22 ¥2
Mar
31
25 ¥2 Feb
143/4 Jan
5%%
900
37
104
Mar 31
383/4 Jan
100
51 ¥2
63¥aMarl2
112¥a Mar 13
par
—10
Highest
I per share
4
10
Min
1942
23
par
5¥2%
"
*12 ¥2
20%
81.%
*20¥8
Gold
f per share
41 ¥4 Jan
Allegheny Corp
50
¥
Feb
9 per share
35% Jan 23
No
Albany & Susq RR Co
16 ¥4
*70
Juneau
par
51 ¥2 Jan
110
Lowest
Highest
I per thare
No
Vicksburg Ry Co
Alaska
100
l5/s
75
No
Reduction Inc
15 ¥4
*68¥a
Co
Express
Adams-Mills
Air
14 ¥4
73
Steel
Adams
Corp
Address-Mutigr Corp
1%
*70
100
1,000
72
No par
No par
25
7,100
19
42%
I51/2
73
-
preferred
Abraham & Straus
200
28
15 «/4
IV2
Lowest
Abbott Laboratories
900
v
40 ¥4
Year
Range Since January 1
Par
112
143i
1%
Range for Previous
YORK STOCK
EXCHANGE
Shares
I per thare
61
1121/z
Friday
Apr. 16
Thursday ■'i
Apr. 14
'111 ¥4
tSale of registered bonds, all others are coupon issues.
RECORD
PRICKS
Wednesday
15
*69
Low
•
sales In $1,000 units
\
LOW AND
41
102.10
(Close
Total
in $1,000 units
Saturday
Apr. 10
*1111/4
102.10
units
,
NEW YORK STOCK
*59 V2
102.10
Low
(High
(High
2%s, 1952-54
sales
Total sales In $1,000
106.20
sales in $1,000 units
Total
High
Close
3s, series A, 1944-52—
106.20
Low
[Close
>
Low
units
Home Owners' Loan
106.20
\
:
sales In $1,000
1
$1,000 units
1950-52
\
1944-49
Total
106.13
106.9
(High
2M)S,
Low
units—
(Close
(High
•.
High
(High
\ Low
(Close
1948
In
Mortgage
1944-64
Total sales in $1,000
Total sales in $1,000 units
sales
100.13
Close
In $1,000 units.
High
Total
100.13
100.13
sales in $1,000 units
Fedefat Farn!
Low
•
—
( Low
(Close
1948
Total
/
High
2%s.
units
f High
'
Total sales
sales in $1,000
109.23
sales in $1,000 units
1945—
2%S,
Total
109.23
(Close
Total
Low
{Close
$1,000 units
2¥48, 1960-65
100.5
(High
Low
Close
Total
100.5
Close
Hign
1958-63
100.5
(High
109.12
(Close
2 ¥48,
Apr. 16
salep in $1,00 units
Total sales in
units
1943-47
Total
Apr. 15
Low
Close
3% 8,
Apr. 14
High
High
■
sales
Apr. 13
the New York
( High
2Vis, 1962-67
•
Total
Apr. 12
on
units
105.5
units
Apr. 10
r
_■!
;
bonds
[Close
Total
105.5
[Close
.
Bond
105.5
Low
4S, 1944-54
Total
Treasury
2 Vas, 1956-58
f)
$1,000 units
,
8.
U.
liJ.6
■
V4S, 1947-52
Total
Dally Record of
113.8
113.8
Close
4
High
Low
Treasury
coupon
733/4 Jan
7
82
July
81
Jan
26¥a Jan
7
Apr 12
36% Apr
8
21¥aMarlO
64
No par
22
Apr
30¥a
Jan
Apr
19% Nov
No par
17% Jan
7
——1
% Jan
13
50
13¥2 Jan 20
No par
No par
x67
23
Jan
2
10
52
Jan
27
Jan
14
2
Mar
18% Mar
813/b Apr
3
14%
H Aug
8
IV2
Jan
Jan
1
11
Dec
18%
16
43
Mar
70%
Oct
28v-> M#r 28
18%
Jun
24
Nov
64¥2 Apr
25 ¥»
Apr
58%
Dec
6
Monday, April 19, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1426
$
share
per
14%
58
14%
58%
57
57%
8
8%
34%
34 Va
33%
33%
*130%
132%
131
6 V«
6'/a
6%
6
78 Vi
80
*174%
176
*174%
79
78
174%
175 %
33%
33%
33%
34%
69
69%
68 %
22%
22%
22%
63 %
21 %
110%
105
105
28
*22
*100%
101
101
""
•
26
3%
67%
60
33'%
3%
36
60%
61
/ 3%
4
*42%
7%
3%
93
96
13'/a
13 3 4
13%
9 Va
8 %
14%
14%
15%
13%
15 Vi
15%
*15%
30%
30%
43 %
43%
30'%
30%
30%
43
43%
43%
44'/a
43
150 Vi
151%
150
149
43
13%
"
16%
16%
16
2 5'/„
25%
25%
101%
102'%
140%
140%
52'%
52
137 Va
'
*70'A
6V4
19'%
19%
'
*12%
%
4%
5%
57%
56
34V/
8%
8%
8%
:> 6%
7%
7%
7%
*78
82
82
80
•33
33
*33
55%
78%
CO
102
j
.V 8%
V
102
{
1,100
>
150
10 Va
1
i
80
102
34%
100
102%
;.<
•
78 y4
77%
31%
32
32
31%
77%
78%
? 2,200
32 "
Atch
•41,400
31%
/> 77%,
77
••
53 %
j 13,400
27%
*28
56
*53
56
22
22
21%
109% /
*10.1
*11
51%
61
119
11%
,
*51%
/
119
119
*3%
4%
3%
41%
5%
1
-
109
7 Va Feb
2
4%
Oct;,:'
5
Dec
5%
Nov
'•7
7'v
Jan,
4
29
121
Feb
32
Apr
15
% Mar
15
8
15%
Apr
26 Vi
Jan
Apr
22
Jan
Jan
4
28% Apr
15
2
9% Apr
5
3%
Apr
142'%
Jun
165
Jan
9'% May
12
Jan
2
Feb
3
167 Va Apr
5
2
15% Apr
6
64% Feb
17
2
Jan
54
:•>-
15% Apr
16
5
32% Mar 23
Feb
145
•
Nov
3
Mar
9
14% Apr
17V2 Jan
14
5
26% Apr
8
Jan
97
■
10
5
43% Jan
6
39
115% Jan
8
119
3% Jan
7
3% Jan
2
Jan
Jan
33 %
Jan
5
Apr
Apr
49%
34%
Apr
143 s/e
Jan
7%
Nov
33'%
Dec
120
27
3%
6
Apr
22
Jan
50%
,
Apr
15
•'»
1%
Apr
Apr
7
70'A
Feb
7% Apr
8
3%
Dec
5%
Jan
51%
Dec
76%
Jan
72
39
Aug
70% Apr
8
7% Apr
7
3%
Apr
•>' 5%
Jan
54% Mar 30
38%
Jun
50
Jan
283%
Jan
30
Jan
11
1
2
31% Apr
8
22% May
Jan
4
29% Apr
7
24
16 V« Jan
5
20% Mar 30
111 Va Jan
13
IVj Jan
5
Jan
11
108 % Jan
2
2
59% Apr
62 % Apr
Jan
>
27
7
29
Jan
5
100
Jan
4
44% Jan
>66
Jan
Feb
Dec
5% Mar
8'A
Nov
8
4%
Apr
Oct
'July
82
May
4%
Jan
6%
Jan
77'%
Apr
Jan
61% Mar >
82
53
/ Jun
83
Jan
20
Jan
28%
Dec
81%
Jan
100%
Dec
12
12
33 % Apr
5
102% Apr
7
Apr
7
57% Apr
79 %
6
Apr
27%
Jan
53
8
5
<
35% Apr
13
26 V2 Jan
■
Jan:
33%
/66
85% Apr
2-
-
4'%
67'%
Jan
79
Mar 27
11 Va Apr
4
11
Jan
111% Mar
Sep
2%
8 % Mar 27
101
Dec
Sep
Oct
•■•••'
9% Mar 31
7
Feb
Jan
8
36 % Apr
9
Oct
1% July
36
21
14
2
12 'A
■
40 Va
6
20
Jan
Sep
102
2'a
Jan
Jan
Apr
42
Jan
Jan
7
27%
6
5% Apr
V
Mar
1
27
Vi Apr
5
112 Va Mar 12
2
Jan
3
of
7% May
3% Feb
40
17 ■=■;- Jan
112'% Mar
May
107
7
14 % Apr
>
Dec
12% Mar >, >
Mar 18
116
20
10 Va Jan
34
Jan v
4 r: NOV
■
2
-
42% Jan
24
Jan
116'%
108'A May
26
24% Jan
•
Jan
Aug
5
55% Jan
4
Jan
23
8
7% Apr
5
53% Jan
Oct
97 V«
(
17Jan!
Mar 29
Jan
32
Feb
12
134%
> 10% Apr
14
6% Jan
•
Jan
142
12
21'A
Mar
Apr
55% Mar
2
Jun
Nov
101 Vi
54V2 Mar
2
129% Jan
21%
6
144% Apr
2
Oct
Mar
144
Jan
V 78% Mar
Nov
36'A
Jan
15
Jan
148'A
Apr
7'%
26% Apr
2
•
42 V2 Jan
43
Jun
9%
102% Apr
14
Jail
16%
5
26% Apr
;
6
■
Dec 1
35'%
136%
V
6
15
16% Apr
12
14Va
29
2
>2
11 a-a Mar
Feb
May
6%
132% May
-•
Jan
.'19% Jah
Smelt——1
Oct
9'%
35% May
Apr
45
151
Apr
24
155% Mar 15
2
2
35% Jan
•
„
1
144'% Feb
v
1
>. 47% Apr
37% Jan > 7-
Nov
4% Mar
6
6
5
Jan
8
27
•
6'A
59'%
52%
,
8
Apr
»%■ Jan
> 12% Jan
' Atlantic Coast Line RR—_-_100
Jan
2% Feb
2
10% Jan
Co-.
Feb
-
H
6'a Jan
154
Midl'd——No pur
(Del> pf 7% gtd—100
119
Feb
> 21% May/;! ;>26'% Jan
12'i
16 V
•
^—100
Nov
23% Mar
Apr y
31% Apr
-yV Jan .,2
Corp——14
Dec
7%
May
113%
19
>4
——-ilOO
Inc——-10
-
Nov
12%
/
Apr
16
7
Jan
.
9'%
9% Mar 29
27 Va Apr
Jun
65
/.
14% Mar 17
4
•
18% Jan
%;
109
400
30
56
56 Vi
Atl.G
22%
-
108%
.•
'
-V
4
42%
lli/a
51%
51%-
■-::; 60
60 Va
60
60%
*118
*40% 43
5%
5%
5%
5%
-19
1
W I SS Lines
Jan
44
60%
Jun
72% Oct
Oct
34%
Oct
34
>19% Jun>!,
120
:
•
Atlas
850
.
1U6
conv pref
conv
Atlas Tack
preferred--—:
100
Corp—No par
No par
11%
11%
11%
300
4
4V»
4 Va
4%
4%
1,200
Austin
46%
46%
49%
1,640
x5%
5%
45
44 '
5%
.•A,
-
5%
./
6
6
33
6
3i
Jan
9
111
Jnn
-
12
Jan
45 %
Jan
Apr
23 '/a
Jan
99% July
109'A
Feb
5
6 'A
53-z mar
6
46%
Sep
7
Jan
51
Dec
70
Jo
116
65% Feb
15
Apr
13
III
May
7
Apr
12% Mar 26
z.
Apr
May
43
120
7
7% Jan
2% Jan 21
,.
Jun
Mar
14%
12% Apr
4
52
(
»
11 j ',2 mar
16
14
l'A
Apr
15%
Apr
vi
Jan
9% Jan
3'A
Dec
28 Vi Jan
5
49 3a Apr
5
16
3% Jan
2
6% Apr
8
2%
Jun
4'%
Jan
Jun
14%
Jan
2%
Jun
4 Va
Jan
6
4%
Jun
7'%
Jan
Jan
2
2
2
1
7
9%
10% Jan
3% Jan
Nichols.
$5
59,300
16%
Aur
24% Apr
6% Jan
prior A-—_——//^_—No par
Aviation Corp/of Del (The)
—3
*11
Mar
6
67»
7
5u */2 aan
Corp————
t5%
300
•
Refining———————25
31% Apr
't,
•
18% Jan
v6 V
1,300
..
8
Jan
——100,,;;
series A——^-_100
_5
preferi'ed-uA-wAl--ii^-A-^_50
f Atlas Powder___------___No pur
v; t4>
8,500
11%
120
&
preferred
Atlantic
400
109
11%
52%
*118*:
5
300
6,400
23 Va
52
-
-
'
11
11
3%
>
11
■
-
120
120
10%
52
60
60
120
120
*3%
41%
:
Apr
116% Jan
Fe_——_il00
preferred^-"-—-/.-—---i-^'-lOO
'
3%
42%
5%
60
10%
11%
*10
42%
5%
52.
*51%
'■'<
06
23
29%
30
23
22 »/4
59%
51%
60%
.
108% 109 Va
11%
10%
110
10
59'%
59%
*118
56 ,.y
*53Va
23 Va
30
*53%
■
22%
*109
11
51%
51%
5.6
10 %
109
10%
.
22
22%
109
10%
10%
*53
*29
*28%
29
28
29%
*54
2%
,
■
*26%
Mar 30
13/a Feb 11
20% Jan
Topeka & Santa
."5%
May
9
v2
Jan
x26
—No par
preferredj_/._i^——-_-_100
5 %
2
37
Mar 26
Nov
preferred——^,-.--25
Assoc Investment
'•
50
»
•
'
Jan
Mar
25
48
91
•
30
/. Dec
•
16
Illinois———-—5
46
86 conv prior preIerred__i„No par
49
:
f7
preferred---''——100
30
Armstrong Cork Co
——-No par
6%
Arnold Constable, Corp———.5
4%
Artloom Corp-——i——-No - par
> 92
7% preferred-/—
——100
6V4
Associated Dry Goods
1
>72%
+6'> 1st preferred—-—../-_-100 - "
-59
.-17% 2d preferred-™/--__-.__-."-100 ■>/
& Co
56
l'/a
4% Mar 31
2
11
>
101% Apr
•
53%
31%
Apr
.
260
V
53%
53
77%
x36Va
_
'.
4,200
81 Va
*32%
■
'
1,100
7Va
& Co
Armour
1,400
10
*77
!
53%
77%
32%
/
34 Va...
*32 Va
30
78%
31%
-4
80
*77
,
103
52
52%
50
:
Oct
63% Mar 31
20
Daniels
Armour
so
81%
10%
62%
35
*102
103-
*102
10
81
80
80
103
53 %
79
CO
80
35
*102
53%
79
82
*32'%
10
*81
Lead &
prior conv
Archer
'
'
2,800
}-:■
-
100
*95
-
83
9%
,
82
*80
85%
!
9%
9%
10'A
9%
*7%
100
i
35
*8%
7%
7%.
*55
>■
500
28,600
62
"
35
9
*8%
8%
100
100
-
200
.
57%
62
.
35
35
.7% '
7%
100-
100
102
*100
82
31
*02%
57%
05
35
;
%
5
58
110
400
39
V. 57
57%
-
100
|:
5 Vi
62%
•
''U\
.
110»/4
5
34%
85%
52%
*38%
/
39
10'A
-
110
.
Jan
36'A
40'A
j
•
Mining—50
Anaconda W & Cable——No par
Anchor Hock Glass Corp———12.50
$5 div preferred—;
No par
Andes Copper Mining—-—^-20
A P W Paper Co Inc.———5
-
700
<
2%
5%
62%
*84
103
2%
38%
34%
7%
35
2%
«S5
510
.
111%
59
8 %
*32%
*12%
5 Va
5
3%
Sep
35% Mar
Anaconda Copper
44,100
;
13%'
12%
38%
34%
7%
% 113
113
114
*110 Va
.57
2'/a May
32%
>/ 6'/* Jun
1st
Amer Zinc
(.100
19%
38%
58%
8%
9%'
19%
19
1,700
Oct
35
1
Water
$6
Dec
23
American
9,200
27%
111%
34%
34%
102
27%
38%
58%
7%
9%
28 Va
*110 Va
•
> '
8%
*102
.
29 Va
: *2%
2%
1
.
28%
19%:
Am
-
4,900
<
54
*49
38%
4%
5%
6 Vi
111%
*38
*110V«
58%
34%
*100
; *2v4
6 Va
•'
67%
12 Va
58%
60
*58%
2%
Jun
-
Feb
Wks <k Elec—No par
preferred——No par
Woolen—^—--——No par
Preferred
i————100
:
400
29%
*112%
13
*12%
Jan
1
12% Jan
-
B——L—rVr-25
Viscose
Dec
Jan
7
<
127% Jan
preferred,
5%
Dec
42%
1%
Apr
Co——100
25
irreferred
Type Foundries
8%
15
Tobacco—
American
•
98,200
■
>
27%
112 %
112
7%
7
6%
Amer
'
72
.
>:i +6%
'
400
;
*67%
.
920
49'A
5
21% Jan
Common class
;
Jan
6
Mar 29
Jan
Tobacco——No par
Telep & Teleg
Dee
2
46
—__—100
Sumatra
Am
6,200
36%
119
28%
19%
*19%
i
:
Preferred
'
v
NOV
25 Va. Doc
2
•
•
7%
:
1
:
2;
Refining—-1.100
American Sugar
I 9,300
6 Vi
.
;
10
7%
54
*49
;■
21
-27
68
6%
6%
54
29 Va
2%
111%
56
56%
v
*71
7%
6%
6
12%
*12 Va
38%
*110'/a
56
i;
.
138 Va,
x36'/a
7%
67'/a
54
112%
*111
2%
2%
*38
38'%
111%
7%
67 Va
■
28%
1.9%
*19%.
20
,'*■ 7
66%
27%
27%
14
*37'A
4
6,200
54 Va
*118
72
*71
28%
,/
28
114
*13
*110'/a
4%
i
/
American
NOV
.
81 Va Jan
Foundries—-No par
—
No par
Stove Co—
—No par
American
9%
37 Vi
7%
7%
54
*50
27%
.
6
5%
6%
29%
*19'A
2%
2%
Amer
2,000
52%
138%
10
30%
70
7 70
67
*112
13 Va
,
6%
67
53
27%
114
9,000
•
143%
,
-*118 V 120
119
6%
'fit--71%
.
9%
36%
36%
6%
5%
71
,
/;
9%
9%
118%
118
•
138
1^7
/
36 %
35%
118
6%
6
'
i
142%
.
138
7 Va
28'%
27%
300
137
67%
*50
29 '/a
i
138%
6%
51%
Vi
26
53%.
72
66
6
700
54 Va
6
'
*50
{•
.53
6 %
6%
71%
6%
102 Va
26%
26%
143
Va
3,500
54
117%
117%
66%
24%
V
-
Nov
3
7% Jan
American Stores-
25 Va
...
Dec
16 Vi
,
25'%
Jan
39 % Jan
Steel
Amer
102'%
■
102
26 Va
142
60
1 7,200
800
52%
10'A
*112
25%
500
Jan
'
Jun
18%
4 Va Apr
5.V4 Jan
7
Dec
100'A
•
Jan
>■
Oct
%
7
3Vi May
16 Vi
15
36% Apr
4% Jan
(
/ 16
22%
Jan
10%
4
37V4 Jan
Refg——No- par
-100
American Snuffi._25
6% preferred——-———100
*
52 Va
9%
%
65Va Mar 12
23
2
■
May
3
Mar 12
Feb
-53% Jan
1
par
'<
7 V2 Mar
4% Mar 12'
6
35
Smelting &
tPreferred
•
16'/a
*16
53%
36%
27%
25
26%
92
>:
5
1
2% Jan
Safety Razor.—-.—18.50
Seating Co_
No par
Ship-Building Co---—No-par
1,400
53%
9%
28%
25 Va
138"
Co
News
j
52
35%
6%
16%
:
14V4
53 Va
9%
*65%
16%
i
25 %
14%
51%
35%
6
16
141%
25
"-1.16% Apr
6
Amer
9,000
v
25
V
52
9%
Jan
Jan
30
American
500
149
149
25%
14%
51%
9%
71%
25%
102
I
441/2
*43%
149 1 %
149
*
Jan
5
72
18
7
preferred-i_-.i.—^_——No par
+Amer
350
150 -v, 150
.
43%
43%
52%
35%
*117%. 118
151
150
102%'
ls
3% May
■>■ 14
Dec
24
Apr
2
•
Dec
28% Apr
39
-
American
1,700
f
.
44
43%
.
138%
138
>
•
1,400
31
31
14%
141 %
i
:
15%
53%
51'/a
138%
45
149%
*26
141
1 1,550
14%
:
24%
26%
26%
140 %
44%
43%
*101%
64 Va
52%
52
•'
53%
53
26'A
141%
*26
26
26
140 'A
32
16
102
100%
*100%. 102
214,000
•
13%
25
24%
31%
.
25%
"
25%
15 Va
24%
16%
16%
16%
1% Jan
46 Va Jan
Mar
103
Apr
10
8
21
■
par
110
Mai¬
3% Mar
6% Jan
Jan
May
69
Mar 13
23
2
•
24Vi Jan
-
-
San'y——-No par
Preferred :
—A——.—-—100
American Rolling Mill:—— u-_J_25
4 % % conv preferred——100
40
13%
14%
15%:
"13%
14
,/>.'•
167
*15%
14%
*14%
150%
*144
24%
24
1
Rad & Stand
Am
■■
37,900
9
-
44%
*42%
150
150
*13%
13%
13%
13%
•
$5 ■:
718,500
64
V2.
31%
150
43%
25%
24%
24%
24%
150%
153
'
155
*145
150%
*42%
43
*145
43'%
43
:
14
15%
8,800
(11.700
13%
*15%
14%
15
;
par
No par
•
/•Amer Power & Light-No par
$6 prefeinedL—-----------No por
"630
»
.
27%
167
64
14
1% Jan
-
Alach &
American
'
8%
169
*165
13%-
15%
Amer
'
03%
14
30 Va
?6%
13%
11%
2,900
|
2V«
64
63
Amer
30 Vi
63 %,
62%
30%
2 Va
8%
64
1
-
9
6 2'A
8-
20'/a
V
105
2
Mar 19
101
27
May
..16
.
:
12
.
18% Feb
2
•
7
,
9% Feb
97Va Jan
prefefred-J-->i-»-i-s—^-ilOO'
29 Va
9 y4
'13%
63%
3,200
i
32
2 V4
14
'
/
32
28%
13%
14% Jan
'
Fdy Co
No par
Metals;——.—No par
Metals Co Ltd—..——-No- par
Amer
f
2%
172
Feb
>15% Jan
Mach &
| 3,300
v
25%
31%
27%
13'A
4,200
122
*119
30%
8%
13 Va
62%
*
,
9
24%
•25"".'
30%
*165
13%
14
13%
13%
*8%
122
27%
8%
*165
167
167
13%
30 Va
172
23
26
5%
'>21,000
14'%
•/
■
26%
26%
25%
1
6% Jan
conv/preferred————i-50
American Locomotiye-.A—~-K° Var
• :■(;:> Preferred
-----i 100
y'|( "'16
101%
31 Va
29
28
31
4
19% Feb
96
Intemat Corp_£—No par
American Invest Co of 111—..
1
•
31 Va
2 Va
Apr
Apr
Amer
6V4
14 Va
13%
25
'31
31
/>"2 > i
"2\-:v
111
110
preferred————100
6 V# non-cum
•
4,000
8Va
100 Va
.
,--'■9
*119
122
2434 Apr
5
-20
-Ice^.___No
American
i-
100
•
31
2
8%
24%
24 Va
100
13%
V
9
Jan
22
.-—-100
Products
American Home
-
1,700
i 3,900
,
41.
*38
14%
14 '■
13%
*119
■
•
"
8%
167
*165
' ■■'
27%
8%
8 Va
8%
24
31
2%
•
*6
6%
98 Va
9
I
3%
44
8
42
42
14%
13%
/./■
100
<
61 %
3% ■J
*42
'
8%
v
97%
'
2,100
Jan
73%
Jan
.No
■
"
*6 V 'b
■:
<
i 1,600
37 %
'
6%
43 /-■
13%a
122':
26'/a
26
25%
7%
*6
13%
23%
3 l'/a
28%
29 3»
29 Va
8
-
,
44'
*42
7%
1,500
■'
3%
3%'
61%
3%
42%
't
33
18 Vi Jan
'
*36
62%
3%
*41
95%
*119
1%
2
1%
33%
:
Oct
May
55% May V
109
Dec
176
8
par
Dec
Apr
Mar
f
*61%
4
95
8%
8%
24%
63%
•
37 Va
*35
61%
/
'
13%
95
30%
30'A
30
3%
*61
3 7'a
3%
37%
' *3%
42%
:
■
43
V 13%
122
*119
34
3%
6%
13%
13%
24
24'A
122
34
7%
*41
100
8%
8%
8%
34
*35
43
"
93
63 V4
•
3%
74%
Apr
56%
159
6
par
preferred
-No par
$7 2d preferred A.^._
'
-No par
i'* $6 preferred-—-w—
——10
American Hawaiian SS Co_
American Hide & Leather.
-I-I-50
6% conv preferred———
69,600
70-
■
64 %
,
61%
7%
14%
16 V4
33%
64
64,
33
"4"
*6
43
13 Vi
:
13%
■/,
16%
l'/a
■
Feb
Mar 24
177
72% Feb
.No
Secsl:
$7
1
15%
6
17
Apr
36% Apr
Lines Inc
.NoPowers-,—
For'n
&
Arner
13,800
i 7,100
7
130%
6
American Export'
'
61
"
*■
70%
14
Apr
85% Feb
Oct
Jan
33
Apr
15
Co-j
Encaustic Tiling.
European
Amer
23
120
24 V4 Jan
.-—.-10
preferredi.-.v4-v-<
American
100
4,800"
8
Apr
64 V4 Feb
Distilling
|: 1,800
■
4%
4%
,71%
16%
.
,
9
6 Va
par
Inc-—i. -No
Crystal Sugar
Ame^
2,200
27 %
——
1st
Nov
3% Mar
...___100
conv
American
Oct
49
20
_No
&. Fdy
V '6 % ■
50
•
2%
9
25 3 i
4%
4%
70
70%
'67%
V 15%
*
*41
13 %
24
25%
«
22
2%
-»
■
.
500.
5,100'
f.
103
*21%
9 V4
^
9'A
Apr
132 Vi Apr
9
Jan
173
_——.—r_,
Car
Jan
40% Mar 15
2.
71 Va Jan
,-—100
preferred
j.No par
t American VChicle_i_-„__r-/.
J——25
Am Coal Co of Allegh Co N
.——10
American: Coiortype Co.;—
t5 "i
380
'
'
»
16%
16%
26
/>•
9
*101
,
2%
2%
25%
;.4%
,
21 %
*8
9%
3%
-
43
103
21%
2%
,
25%
*8%
16%
16%
*101
21
104 Va
*21 Va
-
9
9
,
'
6%
12%
9
16%
105
5,600
v.: ;A 100
I—1125
100
Chain &: Cable
Am
22%
109%
-103%
■
25%
20
Preferred
1,800
22%
109%
23
*22
28
25 %
3%
*42%
8%
7%
*6
6%
*119
106 y4
,
36'
4
44
*42%
7%
*41
104%
105
20%
■
32 Va
"x60 %
61%
3%
43 3A
/*6
110%
110%.
4
3% Jan
American
: 9,900
<]
127% Jan
Radio Corp_
—,
t Preferred
190
69
09
69
X69
22%
16%
60%
36
60%
33%
•
3%
36
.•
<"
32%
~:*8
32%
4
*34'%
3%
3%
34%
/> 2%
60
33%
*34'A
X33 Va
*8%
.
15%
14%
'V
60
34%
33%
34%
preferred—.—, .*—-100
conv
Cable &
American
2,800
177 Va
*100%
'67
66 %
::
62 %
*59
r
14% ? 15%
15
14%
v\
4'
3%
4 Va
67'%
66 %
'66%
*175%
*109%
'
3%
177%
104%
-25%
24%
26
24%
4
*175Va
'
'
25'A
80%
69%
2%
*8
so >
22%
9%
'•
9%
*8
9%
81%
/
2
Amer
30,300
6%
4
share
5%
38%
9%
V2 Jan
;,,>.■
Highest
$ per
12
58% Apr
4
1912
Lowest
S per share
share
17
5
27% Jan
II
Mar 27
5
Jan
Bosch Corp
Brake Shoe & Fdy____. -No par
5% %
110
135
6%
80%
*22
19%
2%
2%
2%
2%
2'A
*8
*131%
6%
S per
share
par
47
50
preferred.^
6%
290
176%
*109%
,
.
9
19%
20
19%
20%
20
135
69%
105
*100%
105 ;
Am
80%
16 %
16%
17
16%
.
*8%,
8%
8%
Z
'
2,100
22%
28
9
American
36%
6%
;
110%
108
16%
5,700
36%
9%
*131 %
33%
22 %l
111
16%
8%
36
8%
6%
68%,
23
108
*8%
8%
35%
176
69
*22,
58
132%
33% ;■
y,, 111
24
*21%
58
1
176
108%
107%
58 Vi
79
33
111%
*110
58
.
78%
78%
15%.
8% Jan
10
Bank Note-,
American
V
5,400
15%
6%
6%
$
Par
Shares
share
per
15 Va
132%
131
t
share
per
15%
35
34%
33 %
33
132%
S
the Week
58%
8%
8 %
*130%
5%
14
*58%
8%
8%
Apr. 15
15%
15%
y
8%
Apr. 1(5
Thnrsday
share
per
15
14%
15 Vi
58
.
S
share
per
58
14%
8'A
t
share
per
Apr.
Apr. 13
Apr. 12
Apr. 10
I
Toesday
Monday
Saturday
Sales
Year
Since January 1
Lowest
Highest
Range
YORK STOCK
EXCHANGE
NEW
fo*
Friday
Previous
Range for
STOCKS
SALE PRICES
Wednesday
AND HIGH
LOW
6'%
Jan
5 Vi Jan.
2
4% Apr
31
Dec
B
15%
7%
15%
8%
15%
8%
12%
11%
*9%
9%
9%
49 Va
49 %
*49
17%
17
'
11%
17%
8
8
*34
35
%
8%
7%
9
11%
9%
9 V4
9%
46%
47
17%
17%
*105
106
10%
10%
17%
17%
18%
17
37%
37
37%
35%
18%
8
8Va
*7%
8%
*7%
8%
,
Va
183a
3,300
*25%
26 Vi
100
*27%
28%
28 Va
28 %
28%
29%
900 /
107%
*105%
107%
105%
105%
*105%
27 Vi
29
.
*101%
*
10 Va
29
28%
*102
104
*102%
11
11
11
*11 Va
27%
18
18%
18 Vs
38%
37%
38 V41
15
15
15
15
14%
14%
*54%
55%
115%
For
footnotes
116
see
28
27%
11
10%
10%
10%
63%
63 %
64
116 %
•
1435.
115%
115%
*115%
117
*54%
55 Va
29%
29%
6,000
Vi
11%
11%
ll3a
63%
64%
63 Vs
64
*116
117%
116
116
-—No par
100
Bell Aircraft Corp—
s
i
Bendix Aviation—
—5
Beneficial Indus Loan—... No par
Pr pfd $2.50 dlv series '38_No par
Best
5,600
1,600
29%
11 Va
11
61%
55 Va
*54%
29
28
64%
page
:
Beiding-Hemingway—
1,000
18 Vat
37%
14%
*114%
:
900.
18%
55 Va
*27%
11%-
37%
*54%
27%
203 /
17%
*14%
10%
90
28%
1C4
36%
14%,
27
160
17%
55
63
*27%
.
36%
14%
64%
18 Va
2S
104
55
11
1,180,
18%
14%
26%
-
400
*25%
55
10%
>
18 Va
*54%
63%
7,300/
*25%
*35%
*14%
26%
*
,
26%
10 V2
17%
18%
18%
102%
37
19 Va
17%
10%
10%
10%
18%
12,600
102%
-
18%
Bangor
330
50 V«
17 %
108
■
*27%
29
102
50
•
,
7,800
20,500
-
700,
6>
-100
preferred—il—
& Aroostook—^——r._50 .
:Conv, 5% preferred
v--—100Barber Asphalt Corp_ii
—10
Barker Brothers:../
'i-i—No-.par
5%% preferred——^
—50
Barnsdall Oil Co—^
—5
Bath Iron Works Corp.
1
Bayuk Cigars Inc.
j—No par
Beatrice Creamery—i,———25
t$5 preferred w w
-.—No par
+Beech Creek RR.._—•
s
—.50
Beech-Nut Packing Co—
20
5,100
28
27%
105%
50
:;
26%
*25%
*28
49
18
15%
102
-
48
•
18
29
10%
36
15
106%
10%
16%
17%
104
10%
4%
25,400
36
15%
28
'
17 Vi
18%
26
12^8
36
15%
28
12%
•
16%
18
26
13 Va
49,800
36
15%
26
9'a
16%
18
28%
8%
9
Baldwin Loco Works v t c
—13
Baltimore & Ohio————100
12,100
/■
36
17%
*27
16
16
35
34%
*25%
■
15%
46%
.
8%
*8
8
35
*27%
9%
11%
15%
*106
12 Va
8%
10
*100%
8%
10%
12%
17%
8
8%
12%
50
*34%
15%
8Va
15%
15
16%
16%
16
16
Best
Co——!
1%
No par
Foods——
Bethlehem Steel
J
i—i.-—
preferred
(Del)_——No par
—100
—
•
.
34% Jan 6
12
Feb- 9
6V4 Jan 13
30
Jan 4
12 Va Jan 2
13V2 Jan 7
23 Va Jan 7
24% Jan 16
105V2 Apr 12
25% Jan 25
93
Jan 12
9V4 Jan
.
4
Jan
2
34% Jan
4
12
135,a Mar 17
54^i Feb 23
22% Jan
7
8% Jan 5
55% Jan 7
110% Jan 4
17% Apr
10
Apr
,
14% Apr
Apr
'12
51
.
Apr
,
5
4
Apr
5
22
Jan
Dec
Apr
6'A
Nov
24% Aug
33%
Dec
Dec
P,
6'/a Mar
8% Apr
5
4'A
Apr
15
Dec
13%
19% Apr
36
36
17% Mar 29
8%
Jan
12%
20% Mar 22
12 Vs
Jun
18'/a
Jan
Apr
X23'A
Nov
5
29 '/2 Apr 16
114
Mar 16
27 Vs Apr
28V2 Feb
102V2 Mar
9
8
15'A
20
Apr
26
Oct
Mar
105
Oct
23%
Jun
30
Feb
64
Apr
103
110%
Jan
IIV2 Mar 31
6% May
9'/a
Dec
20% Mar 16
9% May
17%
Nov
28'A May
39%
Jan
15 Vi
Nov
6
25
55% Mar 25
31% Apr
2
39% Apr
163a Feb
12 Va Mar
69 Va Apr
117
Feb
25
6
24
97/e May
46 % Mar
54
Sep
17%
Apr
24'A
Jan
8 Va
Dec
8%
Dec
49% May
105
July
66%
121
Jan
Jan
'
Volume
THE COMMERCIAL
; Number 4169
157
& FINANCIAL CHRONICLE
NEW YORK STOCK
AND
LOW
tmtnrday
Monday
■-
Apr. 10*;
f per ehure
32%
,:■* Tuesday
/'"
Apr. 12
f par share
S
32'A
33
'Wednesday
-
32
32%
.V:-.:-:
snare
per
STOCKS
32
A
; Friday
>
Apr. 16
Thursday
■
Apr. 15
Apr. 14
Apr, 13
S
I per share
32W
■
V..
33
Sales for
-
•>: 33
18V4-' 18%
8
8
-
*16
•
12%
*11%
94
•*11%'
*88
v
*88
17%
.
A 18%
19'
*18%
8
17
-
*16
17* ;•>
94
18 5:
18%
49%
50%
*90
94
*45
46
*44%
22
21%
25%.;= 25%
25 %
25%
29%
30
30
5
5
t':
18
18%
-19
22
*89
45%
21%
;'-
25%
26
.
•
A
S I 5,900
S
*33
34%
*33
34%
*23
25
*23 >/
11%
11%
24%
25
24%
41
41
41 %
41%
41
41
40
33
34%
25
*23 ••■■■■:
40
*1
1%
*12:ti
12%
.24%
41%
39
*40%
39
Ml
1-v
5 V4
34%
40
39
39
>
*1
1
40
'
>>> %
iV
24%
*-1
VB
1V8
•-:•
40
•r.
1
v
38
12%
*37
37%
*37
37%
16
16%
*16 %
16%
*37
13
13%
13%
13%
16
8%.
16
'i
8%
113
113
5%
8%
111
*37
-•37%
-
5 Vg
98
9%
8%
*109
5
94%
9%
17
5%
96%
17%
17%
5%
5%
99%
9'/g
9%
9 V'o
17%
17%
*17
25%
26
25%
26%
25'A
25%
26
30%
31%
31%
31%
31
31%
24%
24%
24 %
25%
24%
*105%
106%
105%
105%
11%
11%
12%
11%
4%
4%
58%
4%
58%
31%
12
32
5
4%
4%
4%
14%
12%
79%
79%
*78 ■:>;
19
18 %
:
26%
27
*56
8
8 Vg
17%
17%
19%
17%
19 VA
9%
9%
■
*40
■
80 Vg
20
i
*20%
20%
•;
27
56%
1%
7% i'i. 8
4%
>
17%
17
19%
35%
35%
;/41--.:
*35%'
9%
*39%
*40
8 >>
*35
:•■
41%
41%
*41%
*95
96
94
95 Si-.
93%
93%
*94 %
94%
*28%
29%
29
29
29%
*29
102 %
4%
4%
105
106
103%
104 %
138
*136
104
136
137
136
136
44%
44%
44%
44%
32%
33
33%
33%
*100
102
."'121
122
109%
4%
*100
43%
32%
•
Butte Copper &
Byers Co (A M)
100
100
2,000
Carriers & General
3,700
Case
*108%
110
138
*137
138
■
'■
;■
45%
>
34% A
34%
*100
101 Va
101
101
*122
123V4
122%
122
110%
*110%
112
; v
>'
8,300
160
.\>
109%
'
111
110%
112
*110
...
250
13%
13%
13%
13%
88%
87%
88
18%
19
18%
2%
18%
3
2%
2%
107
107,
19-
>
11
11
16
5%
3
*104
10%
10%
11%
16%
5%
16%
16 VA
*5%
100
98%
98%
*98%
105
37%
38
38%
39%
5%
38%
55%
56%
*18%
55%
18%
*19
18
104
18-
16%
42%
40%
•
13%
*96
99
96
96
14
13%
13%
6%
>
15%
11%
18%
16
16-
11%
15%
11%
11%
19%
.
'
5%
5%
56lA
58%
18
19
*18 ; A.
1.8%
19%
41%
42 Vz-
>:
'4%
,-14%.
7%
13%
5%
5%
98 Vz
*
8 Vg
7%
5%
,.■•
■
'
40 Vz
40%
40%.
40%
51
51%
51%
51%
IS
1%
1%
15%
*30
2%
15'A
*15%
15%
;
,
72 Vg
14%
r-:-i.
*39
73
72
14%'
14%
2
41
*31 Va
'
70 Vg
'•%'
14%
105
*102%
41
2 %
34 /:::>
*31 Vz
32%
"72%
103
1G3
2>.
4%
4%
4%
38%
37%
*40 .A
132
*60
76
*111
*120
113
*35%
102 Vz
*89%
>
*52
i
*70
35'
33%
10?%
91
*89%
*52
'•
55
*51%
44
%
35%
45 %
45
'
*145
146
*97%
v
65
*740
18%
107 %
'
22 %
*111
16%
17
9%
...
97
*63%
18%
*106 V*
21%
10 Va
9%
'10%
9%
9 %
V
footnotes
21%
*103
*89%
*50
35
prior preferred
—No
Pap & Fib Co
6%
preferred
Cab
146
97%
Chic
64%
22
111
16%
18%
107
22 Va
*109.
16%
108
19
*18 Ye
1435.
10
106%
22%
HIS
22
.
s .*109
16%
10V4
10
18%
11
18%
18%
19%
19
19%
19%
17 Vs
,
-11
-
.
10
*10
110
Jan
,
3%
Jun
18
2Vv Apr
82
July
104
8
27
Jan
35
65% Apr
1%
23
1
Oct
Jan
3%
8
Jan
Nov
Deo
Oct
Apr
3%
Nov
Vi
Jan
32%
Deo
&
111 RR
East
5%
cum
—No
par
...No
par
div
Pacific,,—
100
Chicago
300
Chickasha
/' :>S >
Chllds
20
■
-
Chile
18,900
41
Cab—
Cotton
Copper Co
80
500
Clark
•:
"
120
;S.
>110
Special gtd
4%
:
*145
145 Va
98
98%
1,500
Coca-Cola Co
19
Preferred
106'A
*106%
22%
21%
111
*109
■
,17%
•
.10%
•>;
"11
*10
19%'
-
!:
160
22%
"•■■
10%
17
i
11 Vg
'•3,520
'
10%
19%
19%
1
-*19%
19%
'
710
:
1,900
:
200
4%
■
10
13
5
13
39
Mar 17
130
Feb
72
Apr 15
113V4 Mar 16
67
Jan
2
4
28% Jan
22
101.% Jan
7
42
Jan
Mar
Jan
27
2
4
,
Mar 30
90
Apr
2
50% Feb 16
2
48»/a Mar 30
par
33 V4 Jan
12
39
Mar 31
4%
88
Jan
4
62V2 Jan
11
16% Jan
103% Jan
par
Columb Br'd
Class B
11
12
4
17% Jan
—
Sys Inc cl A—
Mar
Jun
Dec
67%
Apr
107 %
■
Jun
22
May
95% May
77% May
47
May
32% Apr
25% Apr
139
25
70%
Feb
Jan
Dec
10% Aug
99
34
3
39%
Aug
Apr
Jun
Nov
125
Dec
72
Mar
112% Nov
31 Vs
102
Dec
Dec
84% Mar
50
Jan
44
Jan
36%
Jan
150
Jan
101
Feb
65% Mar
149
Nov
2
56% Mar
92
Nev
5
55
Va Jan
63 Va
Jan
470
Mar 30
145
par
1st preferred————
2d preferred,,
Vat
120
18
6
100
Jan
Oct
28
37% Mar 29
105
32
Mar 26
Feb
par
preferred
43%
Jan
23
1
3,200
-10%
..
May
May
.109% Jan,
Collins & Alkman,
conv
Feb
2%
20
Feb
8
No par
5 %
Nov
13%
32% Apr
6
76% Mar 30
Jan
Colo Fuel Si Iron Corp,— .No par
Colorado Si Southern
11%
Jun
1
Feb
:
250
1,000
-
Jan
Dec
11%
9
—No
—-No
Sep
92
100
preferred,
Sep
Sep
1%
15
3
•
: Apr
%
1%
8%
Apr
Mar 30
17
4
2% Jan
No par
t$4.25
3,700
-
is'
in-
16%
:
11%
-10% '■
107
15
12
Jan
Va Mar
3% Mar
38 V2 Jan
Colgate-Palmolive-Peet
7,400
A
% Jan
Mar
4
No
(The)
tClass A
19%
;
par
Coca-Cola Intern Corp
18%
Jan
3
84
97%
Jan
6
50
2,100
Jan
Jan
52
15 Vg Apr
50
35 Va
17%
39%
103 V4 Apr
gtd—50
35
Aug
Apr
7
123
Sep
7% Nov
"July
4
33
13%
12
2
27
,5
Jan
47
67% Jan .:
par
Nov
2%
'.;
Deo
8%
33
10% Jan-
par
100
stock
;
2%
/
Apr
96% Jan
—5
—100
Molybdenum
No
Cluett Peabody & Co,—,—No
*740
Jan
Vv. Mar 16
30
No
Apr
40% Apr
24% Jan
Aro
5
52% Apr
2 % Mar
22
—25
Climax
64%
Jan
2
4,100
*63%
Jun
4%
l%Jan
Equipment
-tClev & Pitts RR Co 7%
60
8%
6
13% Jan
C.lev El,Ilium $4.50 pfd,,.
No par,
Clev Graph Bronze Co (The)
1
5 %
preferred—
:100
1,500
•
5
13 Va Apr
11% Jan
C. C. C. & St. Louis Ry. Co.—100
5% preerred
100
15
17% Apr
4
10
City Investing Co
City Stores,
•
800
Jun
par
Corp,,
City Ice & Fuel
6% % preferred,——,
60
Feb
Jun
par
1_
Jan
98
1%
-No
—
36%
Apr
2%
—No
Oil
Chrysler
1,000
V
Yellow
Co
45%
64'A'
32
Apr
89
1
Jan
\l
-
Oct
27%
Mar 16
5
-
48 Vb Jan
100
9%
4;
Jan
37
Apr
44% Apr
15% Jan
No par
100
91
>A
Q
Jan
5%
100
7
6
10% Jan
19
20% Apr
>
8% Apr
15% Apr
6% Apr
7% Jan:
2V« Jan
,100
6,900
NOV
2
preferred
'
Oct
100 %
2% Jan
preferred
V
18%
Apr
5
5
Co—
preferred—
Chic Rock Isl &
Jun
93
2
t_50
Order
($2.50)
Sep
14%
95 Vg Jan
1,40
preferred
conv
15%
por
Co——No
A
Mall
19% Apr
33% Jan
7%
35%
*89»A
19% -19%
*19
Nov
20% Apr
,100
•6%
104
*49
*740
18%
Jan
2%
105% Mar
i._25
145 Va
97%
*740
23%
5
13
2,200
112
35%
60
*63%
•
•
2,100
76
91
*145
97%
Dec
Deo
8
Jan
8% Jan
Chicago Great West RR Co——50
132
104
36%
10
18%
35%
.104%
35%
*63 Va
Apr
Mar
11
Dec
8%
75%
Apr
1%
6
6V2 Mar 24
12
Yt Jan
18
99% Jan-
1—5
Mfg—
Preferred series A
% Class
17
por
2,900
4%'SVv,-
*65
36 Va
*145
105% Jan
>41
8
,100
U
37%
*111%
36%
64%
/
•V.*123
45
10
18"%
35%
*49
10
9%
41
*37
■
132
*89%
97%
32 % Jan
—No par
,,.
;
14%
/'■x*4%
72
*103
Mar 19
98
——100
Chesapeake & Ohio Ry_
II,100
-
102% •>■ !
*102'/a
111
60
9Va
2
/
7,700
71%
14%
4%
91
9 Va
page
14
Jan
V/s
33
71 Vg
.
,
42 /• "
72
:>!
8%
"
,
/
37%
;■ 111
104%
9
see
Jan
3
1%
■
2%
45%
107'A
*16'%
34%
■s
•
10%
*18%
x33
97%
Aug
Feb
90
6% Mar 22
Checker
200
V
1
•
*29%
14 %
103
*123
11
18%
7
■
10,700
-:
15 V4
44%
18%
111
17
•./•■
72%
>
37%
76
11
18%
Jan
$3
2%
32 Vi?
'
14%
*41
111%
10%
18%
V/3
tPr pf
14 V8
44%
106%
114'A
*65
*110%
10
18%
No- par
600
15%
16
•
'1:
44 Va
xl8Vs
23%
.
/'
Apr
Va
1% May
17% Mar 29
470
*14 VV
V3-.-V
2%
' S'4%
i
...
."'
1.4%
102 7%
132
10 Va
18%
For
60
*740
-
107% Mar 15
2
40%
1%
'
45%
146
18%
114%
91
*145
97%
64 %
106%
16%
34
36
18'A
21%
*12(3
.
103 %
36
106%
-*111
76
111%
145%
97%
*64
*740
132
35%
*145
98
*64
35 3s
.,•
41 Vi
4%
*120
104%
•
37 Va
*110%
V-44%
.
*4 V4
*367/g
*89%
60
44 !A
35%
41
43/g
76
*103
41
14;
>>-71%
14%..
103%
37 Vg
111 s;
35
:
72
*14 V4
*102%
41/4
111
36
S
77
9
12
51 Va '
Vg
1%
32
36%
/
*60
>
104%
91
132
■:
Dec
Jan
Jan
Cham
18.000
'
••-l'/g
*15%
v
36
71Vg
14%
"
*120
71%
103'/a
37%
2%
*31%
14 Va
i'
41
*4%
15%
2 %
33
*
19%
./A %
%
1%
lVe
14%
15%
2
*102%
/
'38%
*14
97%
120%
Jan
Chain Belt Co,,
20,200
-
5%
50 Va
*15%
2%
•
V/a
V *40%
52%
14%
Apr
Apr
Apr
12% Apr
Dec
29%
82
4
97% Jan
l6o
Chicago Pneumat Tool
40%
k13
Apr
Dec
110
3
5,400
40%
*51%
14%
15
8
Dec
42%
9
13
20%
20%
40%
51%
*12%
15%
111
Feb
Dec
130
24
Vz Mar
16
20
51%
■>/■'■ %
13%
1
35 Va Apr
10
20%
■
123
Feb
19%
4.
3 03
4
Nov
78
Apr
3% Mar 12
19
U
7
26
Jan
30
Mar 29
Nov
3%
Jan
20
Chicago
1%
26% Jan
117
2
4,400
1 %
48
95 % Jan
119
96 Vg Feb
-100
Apr
12
12%
%
100
21
Apr
140
16% Jan
16%
1 %
par
112
V: 1% Jan
12%
1%
40% Jan
11
No par
V15%-
:
77 Vb Jan
127% Jan
Jan
28'/a
2% May
54% Apr
6
16 Vg
is
5% Apr
Nov
89
Apr
22% July
66
12%
1%
3 Vs Jan
Dec
Apr
77
30 V4 Apr
1
Nov
5
12%
IVi
x96'V Apr
Feb
4%
38%
15
J.5%
%
7
25 'A Jan
37 Va
Apr
12
1%
Jan
Mar
Aug
7%
14% Apr
15%
1%
x85
43
Dec
33
Jan
32
9% Apr
25
15'%
Dec
29% May
1% Feb
41% Apr
2
Jan
Apr
89
12
;
4 % Jan
40
VI#
3%
2
15 Vs
1%
36% Jan• 21
9
Jan
27%
6
2
12
1%
Apr
100
No
18%
:>:,%■
Mar 31
—100
%
15%
Vg
Nov
8'/4 Jan
6%
1,100 :
14
51/2
*40 Va
13%
*
43 V8 !
13%
"
'
-5%
40%
l
Nov
16%
11
Certain-teed
80
?
99% >
:
*•7% A
:
52%
1 Vb
7%
Jan
76% Jan
600
V
19
43Vz
*97'/a
*51%'
74
Jun
11%
par
600
^
19
*17%
-
v
*40%
1
5%
7
—100
V 5,430 i
105 VI
A
"1%
7
38
—
—
11%
19%
Nov
1%
Preferred
—A
—100
Cerro de Pasco Copper,,,—No par
Products
;
i
1
7,500
.19
:
::
105
:v
13% -V14%
-
Deo
53%
21% Apr
100
Century Ribbon Mills—:
10
5%/:
22%
Apr
Jun
9
100.'
fCent RR of New Jersey
4,300 i
•
Jan
Va
23
.Central Violeta Sugar Co.
100
W? 58%
18%
W 19 ' •
■
43%
98%
7%
13%
••5>A
19
42%
99 Ve
38%
16%
50%
1
13
No
preferred—
1
27
Mar
1% Mar
6 % Feb
-1
21% July
'
19 ?
'
1,300
56
•
Foundry Co
1
Central 111 Lt 4 Va % preferred—100
13,800
5%
56
29% Jan
Central
16%
f
2d
29 V4 Apr
8
13Vg Jan
par
preferred
prior
7
,25
-
Central Aguirre Assoc
12%
38%
'•
22% Jan'
53'/4 Mar
,100
prior preferred
7 %
120
-
39 Vg
•
*105 W 105%
18%
*96
7
,
1S% *•-19%
-
18
v
106
98%
■
105'-
.
13%.
12
'
5
4%
59%
'
x39
par
No par
2,600
*5% > 5%t
*98 lA 106
5%
105
41%
99
7%
5%
19%
17%
42
7
5V2
*
H:
17%
6%
39%
57%
-
.
42
,
*96
105 v
10
5
2,700
t
3.
" 107%
16%
*5Vg '..5%
5
———
series
Dec
22% Apr
>16
par
—_
Celotex Corp
VV 5 % preferred
160
11%
16%
5%
18%
20
104.;
104>
4
12%
V
16
38%
57%
*19%
19%
*103
V.
19%
3
*103
11%
.
19%
3
105
3 H':
,
89%
19%
105
%
13%
*88%
*98%
■
5%
i6
16
41%
V
*18
19%
104
104
58%
55
18%
*18
.
;
5
•A:
105%
." *5 *.. VV6.,A
39
5%
> 3
2%
*98%
5%
19'A
9%
16
4%
18%
18%
.
105%
11%
16
5%
13%
89
*15%
9'%
5%
13%
89
2%
15%
*5
19%
13%
88%
105%
106%
106%
13%
88 %
1
5%
17
9
Corp,,,
A
7%
Jan
Jan
Jan'
No
Celanese Corp of Amer
130
14
v
;
95
69 Vi»
Co,
Co—
Jan
Nov
Dec
6
Caterpillar Tractor
9,700
100%
122%
I)
3%
10%
83V3 Apr
tCarolina Clinch & Ohio Ry
(J
Apr
6% Mar
8
—10
Preferred
2Va
Jan
—No
Steel
Feb
6
—No
Mills,
•Carpenter
Oct
6%
7
72
Feb
Nov
24%
V« Apr
>
Oct
9%
3%
Feb
IGVa Apr
5
Jan
Sep
5
$3 preferred A
2,600
122%
Dec
Jan
2
Capital Admin class A—,-*
90
:
Nov
20%
4%
9% Jan
,50
Packing—
4%
111
Oct
26%
19%
8V'g Apr 16
25'A Mar 16
2V'g Jan
par
100
Zinc-Lead,
29%
100%
88
2
/.
No
preferred
Cannon
490
101
109 %
109%
2
5
Zinc
tCanada Southern R5' Co__
Canadian Pacific Ry_—
.
300
122%'
13%
6
5% Jan
20% Jan
6%
8
6,700
33.600
122
88%
21% Jan
9V'4 Apr
;
Oct
A
19% Apr
>.
7%
15% Mar
25
19% May
14% May
6
7
"
109 %
6 V-
4
101
-
Jan
6 % Jan
■
Sep
13
15% Jan
'
13
5
V
Calumet & Hecla Cons Cop,—5
Campbell W & C Fdy
No par
Canada Dry Ginger Ale
,—5
v
Dec
.,—30
Participating preferred,
Byron Jackson Co,
6,300
41
Dec
85%
5%
2
105% Apr
13.
Apr
Apr
3 Va
Jun
11% Sep
16% May
5
9.800
102
88%
27
Apr
Va
18
4%
34'A
35
2
41
;>
10
*29'A
33%,
6
20% Jan
preferred—100
preferred
29% 5
33%
247AJan-
Apr
2
122
121%
29 V4
% Jan
10% A
45
2%
47
5
conv
29 %
?)k
Jan
44
94 Va
45
Jan
Sep
94 Va
44 Vz
Oct
87g
Vg Jan
94%
44%
14%
112%
2
94%
>
Apr
Dec
40
220
*136
9%
6
5
I,800
,110
33 %
•
36% I
Jan
8
15%
20%
Nov
35
X103'A Mar
10 Va Apr
1
18% Mar 31
105% Apr
Jan
10%
59% Apr
35% Apr
8%
138
5
4
Jan
7
Apr
28% July
Mar 11
4
Nov
'Jan
1 %
1
,——100
42 V2
108
6% Jan
43
Apr
6% Mar 12
107
8%
10 Vg
4%
a
35%
preferred
8%
4%
2
Jan
1
19%
Jan
5% Apr
*41V4
*
Jan
Nov
%
6
Mar 25
Nov
21%
Apr
i
Mar 29
9% Apr
114
9%
Jan
Apr
■
16
California
18
7%. Jun
15V«
12% Apr
*40%
4.
18
2
7
12
Feb
Callahan
17%
*35
"v
3
38
2,300:
".'■A 8%
|
Jan
14% Apr
■
5,700
8%
10%
8
1%
18%
Sep
4
56 Va
20 Vg
Nov
20 %
4
5%
3,000
27%
1 Vg
36%
106%
32%
■27%
31%
May
2% Jan
Bush Term Bldg 7%
3,200
•
Mar
6%
20
=
Oct
25
xl5
9'A Jan
42 Vz
7i
4%
44%
20%
Dec
3%
1
Butler Bros,,—
7,300
•
•
Dec
28%
Jun
par
•
'
*55
>
*136%
44%
20%
•
2
14% Jan
—^,.100
40%
3'A
29%
*29
4%
preferred
22%
Jan
IVi
1
19% Jan
por
18% Mar
Terminal
400
•
JVo
Watch—_—
*41%
42 Vz
4%
81
l'/g
40.%
%;;>•/
14%
76 \\
1% Mar
!
19%
26
27
3
V
Jan
30
Jan
6% Jan
1
Jan
17%
2
13
par
Feb
40%
25
jg- Mar
104% Jan
•
par
No
>4 8%
8
42
>
4%
14%
*
-
10%
41
7%
•
42
4%/:
5%
5,400
•>,;'4%
4%
No
—
43% Feb
Dec
Apr
44 iA Mar 30
7
13
43
Bush
'/./.' A,: 280
:
8%
24%.-
56%
8%
:-V,
36 Vz ;
42
4%
Wheel.
16
Jan
95%
3
16
23% Apr 16
12 Va Apr : 5
27% Mar 29
4
Jan
V
6% Apr
34% Apr
9% Jan
par
Burroughs Add Mach——No
:
4,800
50
27%
*
17%
'/'• 39% i
10 Va
9%
41
8
8%
7%
ioo.>
32%
8%
20%
1%
19 Vz
32%
14%
27%
17%
19
9
•
9,000
5
58
*24%
81
*55
8%
16%
>
20%
lVa
8
>/
4%
14%
56 Vz
1V3
19
10%
Budd
26% Apr
6
33% Mar 29
>
Dec
13 Vg May
23
29% Jan
-
Burlington Mills Corp—_—i.^_l
■:
25
No
Bulova
*55
8%
■
*77
•27.%.
*55
1%
37 ;■■/
Si/: 41
41
14%
80 Vg
19%
9%
7%
42
43/g
13%
•
18 Si
*35
37
*35
4%
13%
8%
8 Vs
19%
*55
8%
*24
Mfg—
1,500-
;
May
4
preferred—76'A
8,000
5'/a
.
Jan
1
...
5
25% v
105%
58 Vz
32%
24
82
1%
(EG)
17 'U
600
12%
72
^ Jan
par
Forge Co,
i>
Mar 20
37% Jan
,__100
Co
5
33
No
Co
Bullard
11%
5%
9
33
No par
.No par
Buffalo
*105%
4
12%
95
7
20% Jan
r
par
2,200
i
Jan
May
2'
Jan
par
—No
22% Jan:
20
5
No
31%
31%
-25%
Vz
v
par
:r
:
17% S
26'/a
106
*55
8%
23%
26% >27
56%
>>Vl%:
IVt
.
.
27
26%
56%
l'/g
19%
19
17%
:>/•■&>
5
8
24
4%
13%
81
*55
32%
7% % 8
•
*23% i
14
18%
58%
32
8%
105 %
12
32 Vz
58%
32
23%
4 %
±...No
preferred—
Budd
14,200
26%
32
7%
350
9%
17%
25
*
Bucyru«;-Erie
13,600
1
AS
26 Vz
26%
12
*54%
58%
7%
9%
100
-
2
32 %
23%
9%
9%
*17
105%
12
58%
7%
99%
3J.%
;>■&>:
32
23%
13%
Bearing Co
Bruns-Balke-Collender
.
30
5%
5%
100 VA
:
24%
4%
*55
7%
i:>
32
*105%
12
*4%
-
23%
*78
Roller
Brooklyn Union Gas__—
6,000
>
Dec
21%
July
13% May
25
30%
Brown Shoe Co—
v
112 %
75
58
7
46 Vg Mar 16
Bklyn-Manh Transit
«
1.900
8%
*109
5%
5%
100
26 %
24%
8%
8%
109%
/>
17%
%
*31
24%
106%
8%
9
Apr
22 V2 Mar
Briggs & Stratton
Bristol-Mye.vs Co
Brooklyn & Queens Tr
•
>
•
Feb
54
16
15,200
16%
97
21 lA Mar 30
2
28'A Jan
2,300
37%
16%
16%
109 Vz
112 V8
98%
>;
*105%
16%
>
8%' >' 8%
111
5%
9%
17
8%
8%
113
95%
95
9%
8%
*110%
5%
•93%
I6V4
Jan
8
Jan
___5
"
>15%
12
17
1
■
13%
*
Apr
8
38Va Jan
par
Inc
"
12%
12%
14%
Jan
No
Stores
Brewing Corp. of America
,..15
Bridgeport Brass Co_,
No par
Briggs Manufacturing,^—-..No par
;
700
>■
1
Jan
Jun
ll'A
12
class A—
Bower
;
•13,600
-y.'
25
91JAJan
Co
9
-S
.:
7%
V
13
200
'
19%
No par
Ami
2% Jan
12,200
V
29
Sep
V
2
26% Jan
4.000
•
1:1
%
-
9i
,100
i
100^
>-
:
Apr
Apr
5
13
Boston & Maine RR__„
-
11%'
Jan
34% Jan
Borden Co (The) _l„——.»-,u_15
Borg-Warner Corp
5
41%
40
I
V
'
.
25%:
*40%.
-•
hi
.
23% <:
A
11%
:
-V
I;
76
I per share
18%
5
12Va Mar 31
-
1942
14%
6
9% Apr
17Va Feb
4lV« Jan
>
1,400
>
34%
23%
25,
411%
> .42% '.
*41
41%
5%
34
26
4,3007
31%. S.
31
%.:'•'
24% V 25%
25
*40
13%
*37%
.11%
11%
1'/»
12%
*37%r 38
11
%
■
5
33
11%
25%
i ';V, 43
AsvlA:-
». 5
:
*23
24%
11%
ft
4%
9'A Jan
7,800
'
W.
5%
5
,
Mar 29
19% Mar
-
5
Brass—!
Class
■
5
13'A Jan
par
35
4
2
Previous
Highest
I per share
5
Aluminum Si
Bond
2,300;
,
#
S per share
8
Jan
6% Jan-
for
Year
Lowest
Boeing Airplane Co__
80;
>
>
16
par
1
Highest
Bohn
v
Bon
=
..No
Blumenthal & Co preferredL___>_100
'■
.21%
27% Jan-
Mfg Co__—-No par
Co__i_
'
S per share
Na par
Bloomingdale Brothers—,.——No
1,900
25% '26
31%
•
"20
45%.%
45
21%
30%
30 %
-t
Decker
Since January
Low est
'
Bliss & Laughlin Inc-—
A io,500
:
Si
Blaw-Knox
200
■
92
45
25%
29%
A;
93
1V
V
.'
18%
:
.
Black
900-
53%-
18 V.
v; 53
21%
-
>'25%
30%
4
*89
-
.>
94
Range
> /"/
Blgelow-Sanf Carp Inc__
7,000
8
12Vzf
-
*86
52'A!•.53
45%
21%
*11%
-
:>vv;
94
>
>
93%
*44%
12%
*86 ■>.
V
,
83
17
Range
STOCK
Per
••1,600:
•
19
8%
*16-. '
YORK
EXCHANGE
Shares
33 :
18 %
8% *
17
•*11%"
•
50%
*90
93%
46
;
-V
17%
;
19v
.
>:
8%
*16 «:»■
86
50
:
21%
21%
"
*90
12
86
50
A
A
16%
*11%
.12%
17%
>
50
vi 8
\
*16
*18Vz
19 ■,.>
7%
--8%'
NEW
the Week
$ per share
share
per
•
!
•v
RECORD
PRICES
SALE
HIGH
1427
-
Jan
7
14 V4 Jan
4
108
-20
Apr
5
108% Mar 31
25% Mar 30
111
Apr
13
18% Apr
6
•14% Mar 15
2V4Jan-
2
100
3% Jan
2
12
Apr
6
100
3
2
12% Apr
2
6
20% Apr
2
20 Vs Apr
Jan
2.50
15% Jan
2.50
15% Jan
,
Jan
11% Mar
97 % Apr
10% May
96
May
13% May
% Apr
1
470
Feb
17% Nov
107 Vg
18%
108
Deo
Oct
Dec
18%
Jan
4%
5%
Sep
Sep
5
Sep
7
May
% July
8% Apr
16%
Dec
7
8%
16%
Dec
Apr
-
urtnd
i%.'
'r; -ssiifii. v W'Wkuuifr
FINANCIAL CHRONICLE
THE COMMERCIAL &
1428
-
■
Monday, April 19, 1943
V
RECORD
NEW YORK STOCK
"
Monday
Saturday
Apr. 12
Apr. 10
I per
9 per
thart
3%
58 Ve
53%
53%
90
16%
37%
16%
17
87
15%
16
16%
*36
37%
34
34%
33%
36%
V
36
109%
46%
*97%
u
36%
36%
36
*S8%
13%
tt
14
47%
47%
50%
50%
52%
52
53%
23%
23%
24
24
24%
24%
24%
5%
'•
20%
20%
20%
20%
20%
20%
20%
5%:
21%'
16%
17%
16%
16%
16%
17'A
17%
17%
100
*98%
102
*98
*100%
100
%
100
100%
100%
100%
5%
6
6%
5%
18%
97'A
97%
96%
967/b
%
1%
1%
1%
13%
14%
13%
13%
3%
3%
3%
3%
14
3%
9%
18 7/8
187A
95%
96
1%
1%
10%
10%
19%
*3%
;
12%
13
101%
95
£4%
95%
20%
21%
20%
20%
.
31%
30%
31%
30%
20%
7%
7y2
*101%
30%
30%
13
13%
13%
13%
46%
47%
47%
48
14
14
46%
48
*1%
14%
3%
3%
14
,■
47%
95%
30%
y.
34
23
23
*177%
-
15%
55%
177%
1%
18%
15%
\ *21 '•
177%
*177%
4%
4%
4%
Feb
90
Jan
6
102
Mar 16
83
Apr
97%
Feb
4
Sep
7%
Jan
$5
25
1%
preferred—.
15%
1%
7
20% Apr
5
91'A Jan
5
98% Mar
% Jan
$2 partic preferred
.No par
Laundries Corp„———5
11
2% Feb
;
Preferred
Corp—.—No par
5ft
Continental
Coty
900
;■■■
Coty
21% r:
98% Mar 19
82
Jan
22% Mar 29
Fibre
26% Jan
7
5
—1
4% Jan
——100
yy 1,100
21%
Jan
16
5%
Sep
49
Apr
8
30%
Apr
6% Apr
8
28%
Apr
15
7 :
33% Mar 31
8
V
Dec
8%
Jan
42%
Dec
4%
.
Nov
Dec
•:
3% May
17
Apr
27%
25% Apr
6
50%
Apr
21% Nov
7
15
8%
Apr
12'/a
Jan
51%
Jan
Mar 30
37
8
Apr
5
45
Jan
6
49
Apr
14
37
Jan
2
47
^ Apr
7
23%
Apr
4
42%
53% Jan
59% Mar
20
Jan
2% Jan
2
Jan
180
2
2
176
Mar
3
4% Mar 30
1 % Feb
Mar
45
37%
Dec
Apr
58
Dec
Apr
2% May
179
Oct
;
159
II
16
Apr
3% Nov
y."", % Nov
2
19% Mar 29
10%
Apr
14%
Dec
Jan
5
104% Mar 17
85
Jun
98%
Nov
16% Jan
4
23% Mar 12
12%
Jan
16%
Dec
17% Apr
5% May
14% May
14% Jan
95
100
—2
—
Jan
x9% Jan
25
;.
Dec
103%
2
7
Oct
5
2
25 % Jan
1
l
Cream of Wheat
77
103% Mar 25
Apr
Apr
2%
7
18% Jan
5
preferred
Corp (The)
conv
Jan
40% Jan
Apr
8% Apr
Jan
.—$2.50
———
Co
5ft
480
.
Jan
16%
Jan
16
Inc
Internat Corp
Crane
14,100
:
96%
89
x4% Jan
Oil of Del
tPreferred
20
18%
104%
21%
23%
y
1,100
1%
.18%
104
16%
980
3,500
;
May
11% July
Jan
—JVo par
Copperweld Steel Co
——5
tConv pref 5% series..:
——50
fCorn Exch Bank Trust Co——20
Corn Products Refining—
25
210
Nov
22
Continental Steel Corp
2,500
Jan
Nov
16
20
17,500
600
8%
9
39
14
Motors——
-
3% July
4% Jan
12
14% Apr
Inc
Continental
.
Mar
8
12
16
96
Oct
27Vb Mar 29
Mar 22
Jan
Jan
3
7% Nov
.
21% Mar 29
No par
Insurance
v.-
13
9
4% May
62
100
Can
1%
8
34% Jan
preferred
Continental
% Nov
Jan
6
Jan
94
Apr
3% Apr
Dec
16% Nov
,
Jun
7
11 Vb Apr
4% Jan
25
conv
8%
%
1
2
7
pfd—100
6ft
15% Apr
10
25
—.—,————
—
of Cuba
RR
Apr
:
Apr
Jan
7
Vultee Aircraft——1
Consol
17
18% Apr
Consol
Oil
11%
78
1% Mar 30
11
7% Jan
Continental Diamond
4%
*1%
.
21
16
6% Apr
5
1
46,000
>i:
56% :
177% "
4%
•
18%
23%
16%
2
Industries—
Film
Continental
46%
177%
104 %
21
21%
,
4%
1%
4% Jan
15% Jan
No par
Y
Consolidation Coal Co_——
14%
55%
18%
104
21%
21%
;•/
1%
18%
104
104
5
No par
Coppermines Corp
Consol
49%
46%
4%
18
;
14
*48%
56 j.
179
:
46
55%
103%
*15%
21
89
2,100
24
46%
45%
55
17%
21%
74% Aug
8,800
;
34
13%
49
45%
102%
r
21
15%
*1%
1%
Apr
"
45
179
33%
13%
13%
49
18%
102
21
13%
48%
102%
17%
18
103
4%
100
7.800
30%
*23%
:
49
13%
48%
*177%
4%
1%
1%
1%
17%
6%
55%
179
4%
4%
102%
.
6%
33%
179
5
100
6%
6%
*177%
Jan
800
103
.6%
24
*4%
7%
,
15
33%
55%
89
1,100
47%
6%
55%
12%
9,000
7%'
14%
32%
55
Aug
Continental Bak Co
47%
*22%
54%
9%
370
yy 30%
22%
44%
Apr
3,800
14%
32%
45
19
95%
477/a
31
44
2
6,700
14%
22%
45
Dec
10% Jan
2,400
47%
14%
48
6%
13%
Jan
18%
1,400
14
*1021/4
24%
*48
3%
Apr
20%
8%
32%
13%
Jan
Jun
94%
:
103%
6%
48%
23%
Apr
1%
preferred
100
tConsumers Pow $4.50 pfd—No par
Container Corp of America
—25
102 %
23
127/a
Jan
Jan
12%
2,900
y
62
30% ,31%
*
31%
48%
II
44%
3S*
17%
2,200
'
7
;
7%
7%,
1031/4
6%
48%
Oct
Jun
21% July
Feb
Co—
20%
95%
20%
23%
44%
,
60
20%
31%
13
10%
6
Apr
21% Apr
Consol Edison of N
.
3%:
-13%
:
20%
'5%
12%
7 % May
2
Consol
;v;
,14%
;Vj: 3% ;
14%.
62
*59%
31%
5%
Dec
34
109% Dec
100% Mar
7
3,200
1%
*22%
*48
,
1%
6%
•
Mar 25
13
14,100
; 19%
'
,
25
Edison
26,100
6%
5%
19
,'95%
95%
*95
,
103
12%
series———No par
16
39% Mar 30
105% Nov
2% Jan
150
.95%
13%
60
94%
101%
30%
6
15
9 % Jan
Oct
17% Jan
100'A
95%
*7
14%
60
7%
Apr
% Feb
53% Apr
26
58
*101
Jan
2
1
11%
7%
20%
2
26
55
103%
Apr
2
7%
57
'7%
91 Vb
5%
21% Jan
100'A
•
■
Dec
a"t Jan
26%
7%
*101%
29%
36% Jan
265A
25%
7%
Jan
preferred
Consolidated
25%
,
Oct
16%
15
9,000
*6%
3.7%.
35
111
63,000
6%
*54
Jan
5
19%
25%
.
24
15
,10%
6%
58
11%
29% Jan
19%
25%
20%
Jan
107% Jan
10%
6%
95%
5
No par
19%
25%
95%,
Apr
Jan
19
11
6%
20
18
9
104% Jan
19%
18%
*54
Dec
par
100
10%
25%
12%
84%
37% Apr
5
106% Mar 31
10%
19
11%
Mar
14
19%
25%
'•
51
Congoleum-Nairn Inc—.—No par
Consolidated Cigar
No par
7% preferred—,
100
6%% prior preferred—100
30
19%
14%
3%
18%
12'A
1
25% Jan
$6 preferred
2,200
,
1%
1%
25%
*12
Apr
10
Consolidated
xl0%
19
7
91
2,100
17%
■
95%
96
19
6%
79% Jan
2% Nov
Conde Nast Pub Inc.——No par
1001/4
6%
6
6
19%"
14%
14
l
10%
18 %
Jan
par
Credit
19
10%
10%
45%
Sep
300
211/4
17%
100%
19%
1%
*21
*100%
100%
5%
Jan
Sep
1
37% Mar 25
Commonwealth
7,700
.5%.;,
yy'4%./
100
18%
.
*5%
;
100
5%
96
5%'
100
18 %
V
5%
*99
5%
54
29
'
5
5
Sep
8
11
13,200
f.
30%
Apr
t$4.25 conv pf ser '35_
39,200
46%
8
16
57
Commercial Solvents—...
20,900
n
,
23%
!
18%
*3%
14%
%
3% Apr
60% Apr
Jan
37
No par
No par
Commonwealth & Southern—No par
130
14%
%
1% Jan
No
Co
Comm'l Invest Trust
4,900
*5%
100%
13%
36%
< per thart
40% Jan
30% Jan
conv
Highest
< per share
No par
4 % %
110%
I per share
share
100
.100
Pictures
Commercial
1942
Year
'
••
Lowest
No par
$2.75 conv preferred
106%
48
100
100%
3,000
36
167/8
,16'%
100
34
Columbia
'.
No
Carbon
Columbian
I per
Par
preferred series A
preferred—.
5ft
>,
.
V
6%
,
2,700
*110
36%
110
20%
,.20%
37
*105
13%
%
'
5%
*5
16%
23%
47
23%
1
1061/2
%
13%
13%
i's
v
*104%
110
700
33%
341/4
109
109
90
37
V
37%
34%
106%
36%
260
1
\ Highest
Lowest
,/V
Columbia Gas it Elec
4,200
Range Since January
j
,
j,','
'
49,000
16%
*36%
34
3%
60%
x23%
47%
23%
106%
12%
13%
%
;
u-
33%
110
*109
110
13%
13%
%
35%
36%
*109
13
*97%
106%
*97%
106 %
36
109%
*36
37%
33
*97%
,
88%
V
57
90
88 %
87
34%
3%
Sharet
.
59%
59%
16%
thart
per
57
3%
3%
56
88
37 Ve
I
thart
per
56
15%
34%
f
58'A
88
*35%
EXCHANGE
3%
58%
88%
*36
the Week
56%
3 %
53%
15%
14%
Apr. 16
*54
58
53%
88%
*88
NEW YORK STOCK
58
3%
57%
55
58
*53%
.
3%
3%
58%
3%
3%
57%
Sales for
Apr. 15
$ per thart
I per snare
thart
Friday
Apr. 14
Apr. 13
Range for Previous
Thursday
Wednesday
Tuesday
«.
STOCKS
HIGH SALE F&ICKS
LOW AND
'
22%
23%
23%
;U
15
15
23%
22%
-y
23%
23%
41%
41%
*41
13%
y13%
13%
12"%
13%
13%
13%
13%
13%
.y 13%
13%
90%
90%
90%
*90%
90%
90%
907/B
91
91
90%
90%
34% /
13
*90%
34
77%
*77
79
16
16
17
*107
*95
102
17%
21
102
102
31%
32
2234
23
105
79%
15%
15%
■
*86
,
18%
21%
s101%
19%
*21%
401%
102
300
71
73%
74%
32%
33%
72%
33
8%
9
87/$
23%
23%
*97%
105
*86
92
19%
19%
19%
...
v
'
11% Jan>
4
81% Jan
2/
32
preferred
100
preferred
100
Cuban-American Sugar
——100
t7ft preferred
100
5%% conv preferred—
—100
4% ft
Prior
No
Class
A
4,200
Apr
'
9>
1
110
10
Apr
77
May
23% May
,
Jan
;-12%
,
Sep
88%
Jan
39%
Nov
Nov
Jun
84
8%
Jun
13% Jan
5
Jun
9
Jan
140
Jun
63
Jun
92% Mar 20
2
74%
Jan
95%
10% Jan
4
20% Apr
6
8% May
13%
19%
Dec
Jan
Sep
Mar 31
13
Mar
Jan
23
90
Feb
100
4% Apr
16
Jan
2
Oct
13% May
32%
Nov
20%
Oct
9 Va
Jan
18
Jan
8
23
Jan
8
102
1% Jan
2
30% Jan
2
par
Dec
20% Nov
'41
88
'
76
Mar 23
Apr
II
Jan
2
36
8
12
6% Jan
2
9% Apr
8
24% Mar 29
18
Jun
22
Jan
2
100
96
Feb
26
100
No par
No par
84
Feb
10
87
15% Jan
4
pfd
9%
•
M&r
8
17
Cutler-Hammer Inc
6
17% Apr v 8
,10% Mar 30
100
.
$8 preferred—
20%
82
7
1
—
Cushman's Sons Inc 7%
92
9
No par
——1
preferred-
Curtlss-Wright
3,800
6
.6
32
Apr
96% Apr
Feb
105
No par
——;
15
91 Vt Feb
100
1
preferred
14% Apr
5
—
Preferred
7% Jan
Mar
37% Apr
Jan. 11
9% Jan
30
Inc
Curtis Pub Co (The)
2,300
33,000
9
Press
Cuneo
44
71% Jan
conv
Cudahy Packing Co
1,100
105
20%
6
No par
5
26% Mar 30
12
Cuba RR 6ft
10
52,200
23%
*86
20%
19%
100
33%
•
,
*97%
92
*86
92
8%
23%
105
*97%
105
5,200
74%
33%
;
;
23%
yv';.
4%
73
33%
32%
8%
*22%
7,800
102
4%
4%
V
'22
*101%
102
v
.18%
*21
/;
4%
8%
19%
20
22
100
18
18%
4%
22%
*86
*95
4
4%
9%
18% Jan
37% Jan
3
No par
preferred
conv
5 ft
500
•
y::
111
*107
100
*£5
8%
*97%
92
20
20
:
105
.
y
100
*21
102
111
*107
9%
Vj
9%
9%
9%
111
t$5
Crucible Steel of Amer
9,300
•
Zellerbach Corp
Crown
y 5,400
ry
90
79% .L;
15%
22%
9
23%
*97%
92
32%
32%
8%
*97%
19%
79%
15%
18%
18%
71
70
73%
22%
*86,
3%
4%
32%
8%
*101%
102
70
69
8%
35%
*78%
17
*95
22
*21
22
3%
4
69
18%
19
*21
3%
34%
78%
*107
100
*94
102
18%
16%
*101'A
34%
9%
9%
111
*107
111
*95
21
9%
9%
9%
*107
111
.
v v;
preferred—
$2.25 conv
Jan. 15
9
No par
No par
& Seal—j
1
300
"
9'A
9
17
Crown Cork
y.
,
No par
Croslty Corp (The)
,
t '•
34%
33%
77%
*15%
.
*78
34
77
34%
77%
41
*15%
32%
34%
34%
*15%
41
42
*41
42
*41
42
*41
42
'■
!
V
23%.,
:23%
23%
2,800
1,400
15%
15%
•
Feb
10
Mar 31:
21% Mar 29
Jun
5% May
Dec
25% Jan
80
Jan
95
Oct
44
Jan
81
Nov
12%
Jun
18
Oct
;
y.-' yy. y
D
yy;y
yyy
6% Apr
2%
Mar
15%
*
5%
5%
.
.
15%
16%
*17%
14%
*111%
112%
*111%
15%
15%
*111%
5%
20
*17
20
*17
5%
5%
113
5%
5%
15%
15%
*112
112%
*6
16%
112%
y>i7
20
16%
Conv
16%
4,500
14%
14%
14%
14%
15%
15
15%
15%
15%
3,200
Decca
33%
33%
34
34%
35%
34%
343/4
11,000
Deere
&
33%
33%
33%
33 %
33
33
15%
*15%
15%
15%
15%
*15%
17
*16
33%
16%
33
15%
16
16
14%
15
14%
15%
13%
14%
14%
15
15
15%
15%
15%
22,900
7%
7%
6%
8%
yy 8%
8%
96,000
50
A
7
1%
18%
*41%
50
22%
23%
23%
23%
32
30%
30%
30%
30%
38%
31
*37%
1%
18
.
*42
33%
7%
1%*
18%
33
7%
1%
1%
24
24
38
38
38
38
•
23%
*30%
38%
23%
31%
313A
38%
38%
15%
14%
15
15
15%
27%
27%
27%
29
29
*89%
90
13%
39%
89%
*89%
*89%
95
*13%
14
14
39%
39%
25%
24%
25%
25
25 %
24%
39%
25%
22%
20%
21%
y 21%
21%
21%
22%
20%
66
66
66%
66%
139
138%
138%
25
23%
24%
24%
*6%
6%
*6%
67%
67
139
139%
24%
24%
6%
6%
6%
6%
13%
♦13
13'A
*12
13%
122%
ni6
122%
*12%
,*116
122%
142
143
140%
143
140
140%
125%
125%
126
126
126
126
*116.
*118'A
120
*118%
36
36%
36
6%
6%
6%
95
*13
*157
159
158
*182
185
*119
120
36%
36
6%
6%
159
*182
158
'
-
66%
139
*12%
*116
67%
139
25%
6%
13%
122%
68%
69
*13'A
.
39%,
100
95
14
600
39%
1,300
26%
,26%
5,000
Dresser
6%
6%
6%
1,300
Dunhlll
*12%
13
*116 A 122%
.*12%
U16
142%
13
122%
141
141
141%
140%
142%
127
126%
126%
126%
127
119
119%
119%
36%
36%
36%
36%
37%
6%
6%
6%
6%
7%
158%
■
158
159
*182
Casting Co
26%
159%
*182
160
—
119%
36
6%
160
4,900
800
Oct
5
4%
Jan
1
1%
Sep
2
% Jan
5
16% Jan
12
40
Mar
1
Mfg Co
$4.50
preferred
Duquesne Light 6ft
80
36%
5,900
2,900
Eastern
160%
1,800
Rolling
Eastman Kodak
(N J)
•
6ft
13%
13%
13%
14%
1,000
35
35
35%
35
35%
34%
35
5,100
Electric
12%
12%
12%
12%
12%
13%
12%
13%
6,900
Electric
3%
3%
3%
*3%
3%
3%
3%
3%
3%
1,700
3%
3%
3%
3%
3%
3%
3%
3%
46%
47%
46%
48%
46%
47%
48
50%
50
51
50
50%
9,800
41%
41%
42%
43%
41%
42%
43
45%
45%
45%
46
46%
5,500
3%
37%
37%
37
*28%
29%
28%
28%
*51 %
53%
53%
55
*113
53%
115%
■
37%
115%
115%
5%
5%
3%
37
28%
*51%
*113
5%
73%
73%
73.
73%
73
73
*73%
75
75
75
75
75
75
75%
5%
78
%
footnotes
*li
see
5%
78
78
%
page
79
%
1435.
5%
*79%
li
3%
37%
28%
54
%
3%
36%
28%
*51%
116
5%
80
2
18
40% Mar 31
22% Feb
20
26% Jan
15% Jan
36%
28%
28%
54%
6%
*51%
6%
6
11,000
6%
43,400
74
75
75
530
77
78%
310
81
80%
80%
%
ih
tt
82%
81
5L
78
440
%
3,900
16% Dec
2%
Apr
8
Jan
Oct
7
10% Nov
Feb
16
116% Mar
Jan
5
146% Feb
15
102% May
144
Jan
8
128 % Mar
3
120
127
Nov
5
111% Mar
Feb
112
Apr
July
118% Deo
34
Dec
16%
Apr
2%
Jan
4%
NOV
Apr
151%
Dec
180
Nov
20
162% Mar 29
108
178
Jan
18
181% Mar 25
35
Jan
19
146% Jan
120
170
Mar
5
26
May
14% Mar 31
11
Oct
15
Jan
2
11% Feb
—5
30% Jan
37% Mar 31
20%
Jan
30%
Dec
10% Jan
14
Mar 30
9%
Dec
13%
3% Apr
8
Feb
15
t
1% Jan
Ind Am shares
Light
Public Service
t$5 preferred—
4
1% Jan
36% Dec
Jan
Feb
1% Nov
Jan
1%
Nov
31% Jan
20
51
No par
28% Jan
20
46% Apr
16
15
Apr
32%
33% Jan
2
40% Feb
24
29
Jan
34% Nov
23% Jan
7
29% Mar 31
19%
Apr
26%
Feb
49%
Dec
49% Jan
5
100
109% Jan
11
„„„i
2% Jan
No par
54
No
par
No par
17% Apr
23
39%
Apr
115% Apr
6
107%
Feb
15
55
Mar
1% Apr
35% Jan
112
Jan
Oct
3% Jan
Apr
8
40
Apr
66
Jan
16
46
July
73
Jan
83
Jan
75
62% Jan
.% Jan
8
78% Apr
57% Jan
—No par
Apr
6% Apr
50
Johnson Corp
fyS% preferred
f$6 preferred
Equitable Office Bldg
41% Apr
No par
No par
preferred
Engineers
13% Mar
134
7
100
76
134% Dec
116
8
1,100
73%
70% Oct
Apr
125% Jan
7% Apr
28%
76
May
'
4
39% Apr
53%
75
Dec
16% Dec
Jan
2
3
75%
Dec
Apr
8
9
13
No par
5ft
9% Dec
28
8
9
3% Jan
100
4
(The)
$7 preferred
Endicott
7% Mar 12
13% Apr
Feb
Dec
Nov
87
29
51
27% Mar 26
9%
-22%
Apr
95
31% Jan
El Paso Natural Gas
80
5
7% July
39 % Aug
16%
8
13
2,300
37
8
Jan
/
•N
32% May
Mar 30
70
143
Jan
4
Apr
5
12
5% Jan
1
15
8
Jan
16
Apr
16% Mar
70
23% Apr
130% Jan
56
•
117% Jan
No par
Boat
it Mus
90% Apr
120% Apr
$6 preferred
Elec Storage Battery
118
*113
115
115
6%
37
3%
Elec
Auto-Lite
Electric Power it
20
Apr
6% Aug
'27% Jan
3
13%
34%
12%
3%
37%
Jan
38% Feb
,.1
_T
35%
*13%
5
10
preferred—,.
oum
12%
13%
5
31
1
35%
3,700
16% Apr
8
5
*13%
39
Apr
20
Mills
*13%
38%
33%
23
8% Jan
Eastern Airlines Inc__
6%
*182
Apr
8
21% Jan
No par
100
—20
No par
1st pfd—100
137/b
39
18
39% Feb
Eaton Manufacturing CoT
Edison Bros Stores Inc_
38%
Oct
Mar 25
Jan
6
Duplan Corp
8 ft preferred—„—
Du P de Nem (E I) it Co„
37%
39
37
21
Jan
'14
Jan
Oct
Jan
37
13
18%
Apr
14
33% Mar
83% Jan
14%
Jan
37
27
;
17
s'a
Mar 24
41
6
-
39%
38%
19 % Feb
y
7
No par
International
38%
38%
\
Jan
No par
119%
3
For
11%
8% Apr
3 % Mar
3% Jan
—No par
12%
%
13% Nov
Jan
Douglas Aircraft
12%
*77 V*
Apr
7
2% May
3,900
35%
115%
9%
5
No par
Co-
6%
141
35%
*53%
5
691/4
'.68%
14
*113
>Apr
17% Apr
No par
pref with warrants
25%
141
14
29
17
2
2
Dow Chemical Co—
140
40
36%
2
—No par
38%
*28%
Jan
8% Jan
Mar 31
No par
100
Class A
Dome
Dec
Nov
12
Mines Ltd
21
27%
*30%
34
21%
24%
Apr
36% Mar 30
5
2,500
7,400
24%
Dec
Apr
15% Apr
12
Doehler Die
140%
119
5%
10%
4%
18%
25% May
11
Jan
-25
Corp-Seagr's Ltd—
Dixie-Vortex
350
*126%
120
*182
*89%
14
„
Jan
Jan
No par
Distil
*39
110
Jan
17% Jan
Diamond T Motor Car Co
13%
21%
24% *
*89%
3,200
5,300
39%
Mar
26
preferred--,
15%
13
102
No par
Match
partic
29%
39
20%
6ft
Feb
114
No par
15%
14.
25
Diamond
600
Nov
29
100
pfd
Raynolds A
29%
39%
25
It
Oct
12%
26
-20
30%
»;•'
39
25%
•
Devoe
17%
Aug
10
-50
Detroit Edison
15%
15%
28%
95
700
31%
38%
14%
89%
820
25
38%
27%
•
23%
Dec
4
*
8
par
Detroit Hillsdale & S W RR Co_. .100
31
28y8
138
2
20
12
100
—
Q West 6%
JDenv it R
Jan
108% Jan
1
Apr
Jan
17% Apr
19
9
_20
Hudson
&
Delaware Lack it Western
2,800
11,900
Delaware
5
-10
——
Deisel-Wemmer-Gilbert
50
38%
14%
13 %
.
31
14
*
*42
1%
183/B
]8
18%
so
27%
*39%
*i%
'
18
*42
50
300
Jan
—1
No
Co_.
Preferred
3,200
33%
—
100
pfd
.
'
23%
23%
7
1%
18%
50
*41
33%
17%
1%
1%
18%
18%
18
•
>'■'
1%
*i%
*41
.
33%
(The)„
Records Ino
32%
14%
33
7%
Corp
Dayton Pow <fe Lt 4%%
34
*14%
14%
32%
6%
Chemical
Davison
30
112
112
17
-25
preferred
5%
3% Jan
—8
Davega Stores Corp
20
v
"16
16%
112
112
600
6
6
6%,
*17
20
*17
20
5%
Jan
82% Apr
8
1% Mar
16
47%
Apr
1
A
Dec
% Oct
157
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
LOW AND HIGH BALE PRICES
Saturday.
Apr. 10
v
S per share
131/8
9 per share
lai/?
.
Apr. 13
.
13%
t
14%
Apr. 14
,
13%
13%
47;
13%
13%
12%
48%
48%
48%
13%
11%
12%
12%
47%
45%;
46%
46 Va
6%
6%
.
6%
,
8%
20%
>1%
8%
26%
26%
26%
*1 Va
1%
8%
26%
1%
1%
1%
1%
1%
1%
37%
38%
38%
23%
24
24 %
24%'
11%
11
11%
11%
12
12%
97
97%
97
97%
97
97
*95
27%
27%
26%
15% '
15% •:
11
11%
98
*97
;
23%
"
6
^
.
5V4
*18%
,19
27
15%
15%
*15%
5%
5%
5%
5%'
19%
*18%
19%
19%
19%'.
19%;
19%
*89%
90
*89%
90%
90
90
13%
13%
14
14%
48%
48%
49
.49%;'
32%
33 Vb
33%
18%
48%
31
31%
*106%
18%
*18%
89%
s,;
13%
13%
48%
5%
90
*89%
90%
13%
13%
*13%
13%
1 49%
49%
48%
31%
31%
■
49
31%
•
32
;
•
107%
107
107 V
*106%
/
106%
107
..
3%
Jan
10
o=;
5
32 V*
Jun
44
Jah
68% Jan
*-__5
6
Apr
77
Mar 26
70
Dec
70
Dec
18
3% Jan
Co—^>5
Corp„_:——
__3
2
5% Jan
36
36%
17%
*35%
30
6%'
29%
.*22%
38
15
*128
19
134
%
% Jan
,—$2.50
19
1% Mar 10
:
19%
27%
Apr
37
19
Jun
293/i
6
Jun
86
Jan
7
693/4
Federal Min & Smelt Co—,—.—2
20% Jan
13
293/4 Apr
5
19%
Federal-Mogul Corp„,,_„_.
13
Feb
18
16% Mar 18
3 % Jan
4
__5
Federal Motor Truck,,,,,,—No par
Federated Dept Stores
No par
t4% % conv preferred,,,;
100
Ferro
1,600
V
Enamel
,35%
.20
3%
.
3a Va
:
Jan
2
21
78% Jan
8
91
12% Jan 27
.
Corp———,1
15
42
Jan
14
1043/4 Jan
6
>
3%
13-
*50%
35 Va
*22%
22
22
5%
5%
*8
'1'V
6%
26
/ '1%'
'.*92%
*33/4
Fruehauf
600
.
90
7%
Trailer
Co.—
16% Jan
5% Jan
6%
6%
25%
'<
ev4
9%.
mw
41':
139%
34 Va
35%
37%
2
v
90
''
114%
l3/4
94
7
15
15
83
83 Va
85
:
26%
1393/4
35%
i
26%
140%
35%
114%
1%
1%
92%
>92%
95%
>87
88%
89
•:/;
843/4
'
>105
*6%
>105
:
2
1%
1%
Jun
8
Co
(The)
No
19 Va Jan
par
V' 17%
/
«
:
72
*35
193/8
19%
6%
6%
27%
/
140
1%
18
9 3/4 Jan
52
Jan
19
104% Mar
6
98
—5
37
Jan
4
44% Mar
4
4
134
>105
18%
18
108%
1 Va
303/4 Jan
Jah
13
113% Jan
22
34
Gen Gas & Electric A,'——No par
1% Jan
94
18%;.
18%
106
106
106
1,300
20%
20%
V
16%
21%
21%
13%
13%
13%
*13%
73
71%
72%
72%
20%
v
21%
21
18%
>107
18%
73/8
7%
7%
i
18
110
is
21%
♦16%
16%
*16%
s:'/
21 Va
21%
*107
v 110
17%
3,500
Gen
6%
1,100
1%
2,500
Gen Public Service
16%
*107
:;/■■ 19
18%
7%:
7%
7%
•
163/4
'»
*70
,
7%' V 8
71
71
19%
46%
%
* 13
v.,2%
.
2%
2%
*88
K.:
91%
96%
5%
5%
5-%,
;
18%
4,500
$6
•;.
...
13/4
*57
26%
71%"
19%
47%
,./•:%;/
2%.
40
•46
8,400
■
■
.3/4;
6
Va
11%
6
3.2
17
27%
25%
*146
393/4
X39%
40%
33/4
8Va
35%
36
36%
37%
*233/4
25
25
25
*36
37%
37
37
14%
3Vz
15%
3%
115
113
6%
7%
35%
34%
*
,
1
'6%;,
7%
*85,; 87%
6,600
6%
11%
.
26%
»147
28
*55>
40%
*55
35%
15%
7%
7
55%
4
22% Mar
6
5
41
May
Sep
14
20% Mar 30
•7%
2
8% Mar 31
Jan
7
20% Mar
4
12
47
9
74
Jan
•
8
36% Apr
9
98
par
4 % Jan
11
24,900
26%
1,600
190
63
20
No par
Great Northern preferred-—No par
Great
Western Sugar,—.—No par
.—,—100
Preferred
Green
Bay & West RR——100
8Va
8%
52,700
Gulf Mobile & Ohio RR—.—No par
36%
37%
37%
37%
7,800
25%
25%
300
*37%
38
15%
170
800
Hall
14 Va
400
Hamilton Watch Co.
$5
preferred———
No
par
5%
Jan
31% Apr
Mar
3
32
23
25
Dec
183/4
Oct
Jun
25%
Feb
22 3/a
6
130
Jan
27
50
41
Apr
15
25
17% Apr
12% Feb
16
16% Apr
7
8
14
Feb
13%
Apr
11
July
Dec
Nov
193/4
65
3
Apr
83/4
9% Nov
22 % May
27
59% Mar
Dec
1
148
4
37
Nov
2
4
—100
pec
lVa
2
19
—
81%
i'#
Jan
Jan
preferred
Jan
Sep
x58
23% Jan
14 Va Jan.
8%
Nov
1
5
31% Jan
4,050
Dec
4%
19
1
4,700
90%
Apr
Green
33,800
27
Jan
16
24% Feb
Greyhound Corp (The),—No par
——10
5%% conv preferred
Grumman Aircraft Corp—
Guantanamo Sugar—.—No par
3%
8
Dec
7
5
900
155/a
Dec
83%
Apr
8,600
.
27
Jan
Jan
12% Apr
3,200
124%
Jan
Jan
33 Va
IP/a
3%
13
56
13/4
9
17 Va
15%
Feb
8
10%
3
7
Jan
Jan
82.
60 Vb
73/e Jan
138
H
2%
Jun
Nov
Sep
21% Jan
Feb
8
7% Apr
18
Oct
44
1% July
Mar
41
Co Inc
%
.
16
73
4
6
11%
(H L)
Jan
6
40%
.
Jan
373/4
4
6
Nov
61
Jan
6% Apr
7
13% Mar 27
Jan
Feb
Dec
5% Nov
May
Sep
2% Mar 26
24% Jan 27
Dec
15%
Mar 12
29% Feb
15
16%
110
V«
873/4 Mar 25
5
Jan
5%
11
8
Ore Prop—,
.
Jan
20
65 '/a
Jan
Jan
preferred,
39.%'Apr
95
Apr
Jan
U Jan
5%
8
Feb
Apr
4
4
Mar
90% Jan
8
Gr Nor Iron
1% Mar
93
25 Va Jan
4V+ Jan
200
Apr
3VaApr
2
8
Granby Consol M S & P^
1,700
10
Jan
50
Jan
79%
x40% Mar
3
2
Aor
83
Co——.,—10
3
Oct
19%
Jan
■
80
11
101%
%
313/s Nov
Jun
Mar 13
72% Apr
'■■k. 9
Apr
tPij Jan
1% Jan
—l
Mar
Apr
8% May
Jan
Jan
:
13% Mar
Graham-Paige Motors—
122%
8%
5
77% Apr
1,200
3%
-
14% Apr
2
5,800
125%
33/4
122
2
J ah
603/4 Jan
Nov
53/4
Jun
9 % Jan
21,300
(W T)
14%
109% May
% Jan
14%
18% Mar 29
Jan
Jan
NOV
4
110
July
3Vs
14%
23 3/a Mar
par
Grant
30
107 Va
5
108
Oct
Apr
23
'37%
par
———,—100
101
1
16% Jan
Jan
Apr
% Mar
10%
5
Mar
16s/a
43...
153/s
28
2
147%
147
63
Preferred
28%
26%
26%
27
par
2,500
17%
5
1% Feb
4
1,400
26
106% Apr
12
5% preferred—.
-.—-.-NO
Goodyear Tire & Rubb
.No
$5 conv preferred
No
Gotham Hosiery—
—No
6
9
247/b Jan
1.1
17 Va
150
2,100
10
4
2
No par
Feb
2
Jan
(B F).
Apr
Mar
76
32%
*25
29%
28%
_1
Grand Union w div ctfs— —No par
Granite City Steel—
—No par
12
32%
17%.
7%
,;:i%.
'" 6
11
11%,
IP/a
7%
6
■,; 12
(Adolf)———————.1
128
10%. Mar
3% Sep
99% Aug
j. Jan
109
1% Apr
20 V8 Apr
Gold & Stock Telegraph Co—100
1,100
v 12,
2
Goodrich Co
21,000
16%
4
20,800
95%
11%
121
38 Va
34%
16%
3%
Goebel Brewing Co——
95
ll3/a
15%
15%
Gobel
20
95%
11 Va
115%
1,000
5,000
1%
Jan
4% Jan
50
6
7 V4 Mar 26
21
25
14% Jan
preferred
87
Apr
13% Aug
1% May
Mar 27
15% Jan
;
102
Apr
122
5
;•/" 2%
23/4
33%
;.:r;
1%
'
conv
Mar
61
Jan
116% July
1 % Jan
6
16
4
31% Jan
.
40%
Apr
111% Apr
.% May
64%
Nov
303/4 Oct
Dec
143/4 Jan
4%%
94%
16%
16%
IP/a
15%
26
150
393/4
16%
117%
28%
200
NOV
132
44%
4
No par
21 Va
Jan
2
59
(The)
Feb
Apr
30
.—No par
No par
preferred
90%
6
5
Glidden Co
37%
.873/4
1%
conv
Jan
Nov
51 Vb Apr
4
*85% •'' 30 7;
90' '
6%
12
$5
Oct
O'/b
7
Jan
Co
Dec
3%
Feb
26% Feb
Gimbel Brothers————No par
$6 preferred..——
-No par
37%
6 Va
*85
Rubber
4%
131%
130% Apr
60
Dec
Sep
Sep
x23%
5
% Jan
par
140
Apr
7
X104
Nov
122
2
•
Feb
5%
16
15% Jan
3/4%
■'">
2%
95%,
873/,
.
&
Gillette Safety Razor,,
700
••
2%
General Tire
3,000
>
943/4
6Va
73%
19%
19%
46 ,/; :46
*71%
34%
63
>11%
.7%
1,500
8 V4
;
1,9%
47%'
;
95%
>55
16%
,3%
71%
8Va
£.
72
34%
63
*55
63
147%
ll3/a
'7%
1
'
943%
*11
26
25%
16%
6%
8%':
19%
6
27%
27
147%
150
15
8,800
17 Va
29%
10.9
7%
25%
40
(
,
17 Va
*11 Va
3%
.7',4
.:
71
■
8
*24%
16%
•15%
71
,
71%
12
17
*57
109
'■/:
8
17 Va
24%
17
11%
3 Va
'/
71%
25%
24%
16%
15 Va
•3,606
/: 71 -'
7%
*243/4
32%
>11%
103
7%
19%
32%
17
26%
•39%
7%
700
19 Va
i934
323/a
24%
*147
63
39%
1%
6
28%
.
..
19%
1%
12%
16%
26%
19%
16%
6
Jan
463/4
16%
Mar 15
90% Mar
2
02
Telephone Corp——20
Gen Time Instru Corp——.No par
6 % preferred—,—
—100
110
5107"
8
Dec
7% Nov
66 Va
'
General
2,600
53
Apr
123/s Jan
par
10c
No par
preferred—No
133
4% Jan
General Shoe Corp..1
Gen Steel Cast $6
950
21%;
16%
17
110
96
*84
32%
32%
148%
.*16%
*107
11
32%
v,
163/a
110
General Refractories
2,200
Vx 700
75%
*20%
103/4
*24%
17
21%
11%
11
24%
26%
1%
5%
*11%
21%
94%
6 Va
6%
.14
74%
34%
6
12
14
•
33%
5%
1%
5%
14
74%
36%
6%
11%
21%
92
•
874+--
21%
74
>85%
■; 95%
.
*13%
•
96
*85
100
21%
21%
.
14
89
91
87%
21%
36%
33 V4
•
35
\l
12
103% Jan
Railway Signal
No par
preferred—.———,,100
Gen Realty St Utilities
1
$6 pref opt div series—No par
4,<900
35
73%
89
v
,
1
36
♦34%
36
——No
Jan
13% Jan
Corp—..*
6%
80
106
preferred—
110
2% Jan
Gen
18%
*104%
:f 8
.
36
89
35%
95%
32%
148%
2%
31%
32 Va
28%
.%
:
91
*24%
27%
i
■!■ /
2%
953/4
>86
103'4
16%
34%
%"!.
:
92%
6
12
10%
36%
*45
,
3334
1%
.1%.
*85%
92
47%
19%
953A
}fy.
87%
11%
%
2%
Va
32%
5%
*86
19
V
y.'.
*71
71
*45%
:
7%
91%
91%
33%
96%
1
23/4
35%
35%
32%
>
•
*88
92
35%
>
71.
46%
*70
7%
19
46%
*13
:i
71 Va
•"'.■•; 7%
u
71
7%
19%
♦45%
•
■'■•: 81/4
71 Va
J.9 v*
';•/
71
71%
=;•-'•
7%
1
Precision Equip
4
17 % Jan
General Printing Ink———1
10
Mar 29
2% Apr
126% Feb
•
par
108 Va
21%
i'r 21
110
'
71%
*69
1
*34%
36
13%
21%
16%
*107
:V;
%
%
•?4%
36
/
———_——No
40
Feb
2
16
118% Mar
Oct
Nov
104
Va Apr
9
14
129
preferred.
Common.
33/4
9%
10%
2% July
21
Apr
Sep
Jan
Jan
21Jan
•
5
Apr
44% Jan
——-No par
—_—..100
General Motors Corp——,10
$5 preferred—
—No par
Gen Outdoor Adv A——No, par,
34,700
20
1%
Apr
120
Apr
83% Jan
t$6 conv preferred series A .No par
5%
700
*105
106
38 Vt Mar 30
—No par
;
1,300
lVa
16
6
143
130 Va Jan
General Mills—
150
3%
6%
Feb
7% Apr 16
6% Mar 30
2
General Foods Corp.—
No par
t$4.50 preferred——-.-.No par
70
23%
19%
140
12
2% Jan
100
7%
900
128%
6%
1
2%
2%
Sep
3% Jan
83/4 Mar 29
Jan
Nov
11
Apr
Mar
27 Va Apr
'3%
20%
Mar
4% Jan
,
cum
preferred.,.,,
General Electric CO;
:
35
5 3,4 Jan
__5
4
Jan
18
97
Feb
3%
102
20% Jan
*23 Ve
6%
51
53% Apr
2
9% Mar 30
Mar 19
6% Jan
4
No par
No par
preferred—100
General Cigar TnC———No par
800
49%
•
14% Mar
87 V4 Mar 25
>128%
129 Va
11
Apr
6
% Feb 24
713/4 Jan
48%
3%
1V4
>104
49%
9
t7%
22,100
88%
133
.
6
14
63A
32,300
100%
193/4
$
108%
*105
1%
133
12
15% Mar 23
120
353/4
88%
23%
6%
72
V
•
r
25% Mar 31
11
Jan
73/4 Jan
-7% Jan
920
85%
98
3
Sep
16
May
2% July
6% Apr
8 Va Apr
Class A____——.—No par
290
23%
:
3%
.
106
106
106
%:/:,%
%
36%
21%
13%
Mar 25
1,700
12,300
:
'
13%
4
4,900
7%
,
1
$8
6,800
3%
24
18%
:
/r. 1 Va
18%
18
71%
Mar 15
Feb
May
383/4
Jan
15
16
100
preferred——
No par
General Bronze Corp
5
General Cable Corp———No par
>111% 117
*'
2
■-K", 2
i
133
>128
128%
*3%
108 Va
1 Va
106
47%
128
33/a
18%
6%
108%
1%
18
21
22 Vb Mar 31
3% Feb
General Baking,.—.
27% ,38
97
48 Va
48%
*23
21
33-a
19
6%
48%
128%
22%
3%
19
,,
•
/
27
Apr
15% Apr
85% Apr
13 Va Feb
$6 preferred,,,.
Gen Amer Transportation,
10
10 V4
45
2
9,100
53/4
;15
,
89%
'
>131%
132
132
132
47%
'23
3%
108
>35 Va
30
Oct
6
2,200
>.
18% Nov
Sep
Jun
11
Wood Industries Inc.
Nov
5
1% Jan
Gen Amer Investors
.
140
.
95 Va
87%
128
128%
23
1%
17%
*106
373/a Jan
Dec
Jan
136
38
9
2% Jan
preferred—.——.
L10
Gaylord Container Corp,..
5
15 % % conv preferred—.
—50
3,600
8 Vs
.v; 27Va
1393/4 »■' V 139%
35 V*
353/4"*.
1%
.
9 Va
*1'4%
116.
-
,♦131
48%
128 Ve
6%
1 Va
131
48
107
107
-
131
'/ 3%
19
10
17
—1
5%
1,400
",4i
•"
;
26% '
116
87%
*90
40 Vi
37%" 38
38
37%
*114
1%
5%
Gar
51%
•
5%
34%
38%
114%
37%
1%
48%
6%
Apr
Mar
9Va Jan
Gamewell
*io2%' 104%
8
14%
•138
139%
116
*137
"••• "
7
7
•
8
%
140
*:•;/ y *137
v
7 V ••
;
7%
'.■•:5%.
.
5%
*253/4
'•
>.
!'
.133/4
9%
„■■•
:
m,;:'
x8
14%
y/.
26
25%
41
8% "
81%
35%
*87%
22
18%
53
35
Co Inc
6 %
300
" 8 Va '
;
'
*50V/
>50%'" 51%
>102%
:::■
6%
8%
vi •13 Ti
■4
9% ;
80
V *93
128%
f. 33/(1
16
2
390
■*135 M 140
140
80
2
:
143/4
5
8% Mar 29
8
Feb
IIV2'Jan
12%
May
12
11,500
8
80 /
34%
133
22
114
8
19% Apr
5
50
100
10
'
128%
Apr
Jan
233/i
104%.;
5%
37 %
47 Va
134
11
363/s Mar
Apr
96% Jan
S'%- •'.5%
83A
40%
13%
-
88
*131
Mar
9%
preferred—————100
conv
23%
9;
8
4%
♦114%
87%
42
Apr
(The) cl A—No par
(Robert)—
1
preferred
—
——20
-5%
.
23% v
5Va • ' *
53/a
■
52%
*50%
41%:
40%
*135
!,( 140. .140
95
3%
*102%
9%
13%
38
■
52%
104%
5%
116
,37%
■
jS
13%
13%
*25
35%
>114%
21%
98%
1,700
22%
13%
79%
80
35
' ',v
pfd
Freeport Sulphur Co—.—,
Galr
13%
5%
143%
Jan
83/a Mar 26
423/4 Mar 29
127
Gabriel Co
13 '/4
13%
t
'
♦140
/
.
137
6% '
5%
26
35
98%
*8%
9
8%
*135:
78%
Feb
5%
3% Jan
No par
,25
F'k'n Simon & CO Inc 7%
700
5%
4V+
8
■
14
Dec
21%
18
30% Jan
Francisco Sugar Co——.No par
1,700
■/if,. -;..80
4,800
8%
.41.
.*4i%:
6Va.
400
7%:
$7 conv preferred...
6% prior preferred
1,700
8%
>50%
53a '
27%
15
24% Mar 12
32
7
27% Mar
3%
.5%
*102%
13%
Mar
1
19% Jan
5
4
5%,
52%
9%
.
Jan
7
12%
8%
104%
.
96%
16
3%
13 %
13%
*50 Va
137
Dec
May
Jan
Apr
12%
5 Va
9%
137
16%
5
86
Apr
12%
>
9%
25% Jan
Apr
Feb
6
25
38
17% Apr
19
35
39%
Apr
19% Feb
105% Apr
11
,.
Nov
7
48
3 Va
8%
'
9
13%
■i
8
'"
105
11
93/4 Jan
12%
22%
293/4
Dec
15 3/a Jan
10 y4 Jan
3%
22%
23
Apr
39 V4 Feb
52
3V+
87 Va
,1
■2VA
3%
Dec
:
:
*102%
'7.%'
33/4
*12
12%
Dec
26%
Corp——.———10
Food Fair Stores Inc.,•_
12%
3 V4
:/ 3%.
43%
Jan
Food Machinery
'98%
98%
Apr
13%
Foster-Wheeler —————,10
'
.7%
35%;;
*20 Va 1,21%,.'
3%
3%
3%
.
29%
1,200
1,000
Jan
14%
97% Jan
preferred-—.—100
conv
Jan
87
Apr
5,200
/ 134
60
35
22
3%
*
*130
■•" 19
.7%.,-
35%.
98 Va
9%
41'
*34%
19%5
*7%
*52 \<
*97%
3
50%
9%:;
8
r
60
■>.;?
*21
>102% '104%
.
*52
19 Ve
19%.
7%
7%
V
>12
.
19%
19
/
134
*130
134
20%
3Va
;i3
•130
Va
t5%
Dec
4»/4 Feb
18%
7%
47
16%
97%
12%
8%
'
46
16%
203/4
*3 V
21% 22
5%.f 5%
'
46
16
Mar 30
Jan
13%
11%. Apr
74% Nov
Apr
3
May
28
Aug
8 3/4 Sep
11
46
16%
97%
,12%
290
24% :Jan
Jun
16%
11 '
103/4
98
;■:/ 3%
10%
'103/4
39
46
21%
3%
2,600
Dec
Apr
3
Mar 30
Feb
93
4
$
31 Va Jan
Florshelm Shoe class A———No par
Follansbee Steel Corp,,,
,—10
400
;7Va
National Stores,,No par
(The)———No par
t$4.50 preferred—-iiC—No par
Florence Stove Co———No par
1,300
39%
39%
15%
60
35
First
k.
Jan
Sep
8
6
Vi Jan
8% Jan
493/4 Apr
8
343/4 Apr
8
108% Mar 30
8
25 % Jan
Flintkote Co
50
23%
7%
7 V4
■
10%
*7%
Va
7
39
45%
134
*52
lio
*20%
*97%
,
,
12%
3
,*8
.
7%
53
"7
39
7
*38%
•15%
19
19%
7%
,
20
*12
,,
*130
98%
*97
V
134
1,500
3,800
I
Mar 26
6V4 Apr
'
300
.
15
Fidel Phen Fire Ins N Y—$2.50
Firestone Tire & Rubber——
10
6% preferred series A
100
10,600
29
*22%
22%
10%
15
V. 51 '
28%
29"
.
22%
Oct
1% Nov
10
18%
46
•10%
45 3/4
■)',
:■/;
-
U. Jan
Sep
Dec
12% Apr
5
98% Feb 17
•'
38%
16
19%
7 Va
35
10%
23
4%
7 '/a
283/8
;
l
25 V# Feb
240
105%
1
Apr
May
42
36
18%
Jan
4%
20
4
2,200
49
*102Va
1%
16
10% Apr
5
29% Mar 30
6
14 Va
35%,
.
18%
Apr
13
2
300
106%' 106%
105 Va
28%
29
23
,
6%
6%
*38
.
29
29%
46
*128
51
*49%
18%
.*102%
23
6%
38%
10%
18%
105%
29%
15%
1
17%
*102%
23
,
46
.
15%
,7%
.
'
6%
38%
10%
10%
v45%.. '-45%
V
*
-
*102%
35%
a35%
35%
35%
35%
17%
105%
17%:
23%
'
6%
35%
.
18%
105%
29%
'
24
38
36
17%
V *101
.30
*23
'
-
18
102%
8
.
4
Jan
24
6% Jan
'
33 Va .!
Oct
14% Apr
50
"
102%
10 Va
33% Feb
4,700
33 Va
107 'V
I per share
21V4 Jan
,
48%,
V
Highest
Jun
No par
90
13%
4%
Fajardo Sug Co of Pr Rico-,,,+,20
Federal Light &s Traction
15
$6 preferred,,,,—
No par
16
.
*89%
;
33%
*106
106%
•
6
1,600
5%
...
Apr
153.8
1,300
27
27
16%
5%
5%
r
27
27
15%
Cleaner,
9
Jan
1942
Fairbanks Morse & Co_„
70
26%
8
I per share
7,100
97
5%
Vacuum
9
per share
39% Jan 12
Products
Exchange Buffet Corp,.
2,400
15%
8% Jan
Year
Lowest
4,000
'*
12
27
5%
■
.
24%
*15%
•'
'
38%
500
*95
97
.
Ex-Cell-0
12
'
15
5%
;
37
38%
23%
26% "27%
15
38
.
Evans
2,600
24 Va
38 Va
23 %
11 V-;v.
23
Eureka
2,800
38%
'• 37%
22%
39
10%
6,600
8%
1%
No pur
_No par
common-.—..
I
9 per share
5% pref series A—.
—.....100
Erie & Pitts RR Co.——
^_^50
3,500
27
1%
•
'
Ctfs of benef lnt
81,400
8
8%
27
1%
fErle RR
10,000
.
Range Since January 1
Lowest
Highest
(
,
Par
78
7%
•.
"
27
.
14
*72
7%
9 Va
8%
9
8%
26%
22%
'
7 Va
7
6%
6%
6%
9
27%
38%
■]
6%
8%
26%
27
13%
■:
78
*72
78
*72
'
'8%
M
78
*72
14%
,
Shares
13%
48
12%
46%
.
9 per share
14
13
77
EXCHANGE.
13%
share
Range for Previous
NEW YORK STOCK
13%
12%
47
*75
I per share
Bales for
the Week
9 per
12%
77
Friday
Apr,. 16
,
share
per
46%
*75
STOCKS
Thursday
Apr, .15
Wednesday
Tuesday
Monday
Apr. 12
1429
10%
10
Apr
Apr
July
28%
143
63%
Jan
Jan
Nov
Jah
Apr
33%
Apr
14%
Dec
Mar
11 Va
Aug
9Vb May
1s/b May
f4% Jan
2 V4 Jan
2
2
8IV2 Jan
19
3% Jan
12
83/4 Apr
25% Jah
2
39% Apr
5
5
25% Apr
16
193A May
2*
Feb
38
13
29
Apr
35
Dec
83A Mar
13
10 Va Jan
4
127
Apr
Apr 14
483/4
2Vs
18
Jan
37/s
86
Jan
Sep
Jun
4%
Oct
Jun
33%
Oct
H
*15 Va
15%
*14%,
14
*13
*104%
105
For
'•*13!
footnotes
see
37%
16
■
,
*104%
*15
-
*13
14
105
page
25
*24
*104%
1435.
*24
25%
*24
25%
38
*37
38
*37%
38
15%
14
105
*15%
13%'
*104%
15%
13%
105
15%
15%
14
14
105
105
15%
*13%
105
*
105
60
Hackensack
7%
6%
——25'.
Water
preferred class A—,.——25
Printing Co
—
10
preferred,
No par
—
100
22% Feb 11
36
Jan
12V4 Jan
9% Jan
105
Jan
13
5
Apr
Mar 24
8
Jun
Aug
11 % Nov
30
95
Mar
1063/4 Feb
16% Apr
18
14
30
105
Jan
8
THE COMMERCIAL & FINANCIAL CHRONICLE
1430
RECORD
NEW YORK STOCK
Monday
Saturday
*105 >4
I per
thart
140
*130
6
6
6
6
14%
165
*155
1
78
78
78
78
133
77 '4
*131
*131
133
*131
*56%
*103%
*56%
104%
59
106
104%
20
*18
15
15
15
80
20
*18
20%
20%
*
34%
35%
35/4
35%
13%
*12%
13%
1,000
16
1,000
20%
*19%
20 %
*19%
20%
35%
35%
34%
35
*34
34%
121/4
12%
12 %
12%
12%
15'A
151/4
15%
15%
15%
15%
*1141/,
38
37%
38%
38%
36%
37
37
37
13%
*491/4
13%
13%
50
50
108
61/2
107%
6%
7%
371/2
1%
1%
7
*6'/a
'/'
2 '
2
26%
8
26%
8 i/s
8%
8%
8%
1%
1%
1%'
13
13%
26%
27%
25
26
44
44
43
9 %
12
11-%
11%
36%
98%
*150
■
*98
*150
160
*6'8%
69%
69%
13 %
13%
13%
160
160
160
159
159
68
7%
7%
*7
68%
%
7%
68%
68%
68%
13%
14
13%
'
28%
115
*114
28%
28
114%
114%
114
28'%
8%
8%
8
8
8
8
8%
8%
8%
8%
157%
8%
8'%
*159'%
160%
157%
67'%
68%
*157
1%
1%
12;%
:
1%
12'%
16%
63
12%
12%
5%'
5%
5%
5%
33%
32%
34%
32%
10%
55 %
.55%
5%
11 %
10%
10%
5'4
131
57
*131%
.
56%
57
*42
44
32%
32'%
32%
*39%
41
*38%
*42
41 %
32%
,
68
169%
169%
17%
65
65
6 Va
41
'
6
33
33%
*131'4
*40
11%
57
,
5%
58 %
5%
*43
32%
*41
41%
-
*102 Va
110
5%
5%
33%
33
56%
.57
5%
,.
4J%
32
41%
107
10%
10%
9
10 Vs.
13 %
32
11%
11%
*28'4
28%
10634
12
98
13%
*12%
131/4
31%
23'%
23%
24
63
63
*74%
*10%
75
11%
11
,
24%
64
*62
75',%
11%
29
133
>130
133
*140
106%
80%
*103
80
80'4
80
z,
145
*140
141%
11%
10%
Sep
16%
Feb-
>;/ 6%
Juil
14'%
Oct
21
Apr
35
.Dec
Jan
6
100'4 Apr
74
100
Jan
159
Apr
15
166% Feb
153:
May
July
62
Jan
'5
10
Jan
7
15% Apr
21% Jan
54
28
31%
'
*140
145
.
1.1% D.%
28
28'4
*1.03
J.06%
7980
122
132
23 :
23%
*62
64
74
74
.
'
11%
/
-
.
76
11%
:
74%
Feb
>
123/a
Jan
Apr
5%
18'%
6%
Apr
'23%
100% Aug
111%
Mar 29
* '
10%
7
Jan
2
9
6
Jan
2
934 Apr
6
144% Jan
20
164'% Apr
6
5% Apr
5% May
109% Mar
56% Jan
20
71'4 Apr
8
140
8
147.
162
Jan
9
'
'
Feb
Jan
Oct
Mar 29
30% Mar 30
115
Jan .21'
163% Dec
8% May
8
7% Mar 19
27
106
Mar 31
74
6
•
6% Jan
Mar
40
169% Apr
2% Mar 15
■;>'
151%
Apr
61
May
166
.■V'■
Jan
Dec
•
July
12 %
12 %
preferred-—-—4-4.—100
55% Jan
8
66
Apr
5
3% Jan
5
6% Apr,
7
28% Jan
9
36% Apr
S
% July
Feb
Jan
Jan
8
3% May
v
25
12'4
12%
99
*96
4
300
Internat'l
5%
cony
Paper* Co—i.;
_.._15
preferred
———100
Salt—
International
—
International Shoe——
Silver
International
No
% Jan
Jan
Jan
102% Jan
1,400
'
99
36
-_50
preferred—
Preferred
Apr
126%
Jan
7%
Dec
v:
•
•
12%
12%
31%
31
31
146
*140
*140
,7v7 -200
'
145
•
75
>
11'%
75
•
11 Va
75%
11%
;
Intertype :Corp.——
,
Island Creek Coal—1
600
-
■
11%
11%
11%
11%
*28%
28%
28%
28'%
*103
106%
*103
108%
81
81'% /
82'%
84
*130
132
*130
132
23%
24 Va /
24
24%
*62'4 63
62% 62%
.
11%
13%
*31
32
145
.
*12%
■
1 %
30
*11%
12
1,200
28%
28%
>
900
*103
106% >.
—
82%
82'% >, *'
3.000
*130
132
30
23% 24%
''22,400
,
*62% 63
/
200
76%
*75 V4 76
:■■■;, 800
12::;/ /// .: 12
12 / :- ;
1,400
,
$6
,
Jarvls (W B) Co_-_—j——
t Jewel Tea Co Inc--——No
4'4% preferred—--^—/
' Johns Manville-i.—-—-—i—No
Preferred
——
«' Jones & Laughlin Steel—^-_No
<
5^ pref series A
•..
5% pref series B conv
1
' Joy Mfg Co—
—
.
-1;
'
48%
Feb
32
Feb
Apr
5
39
Mar
1
26
May
7
44% Mar 31
26
May
39%
15
1053'4 Mar 24
94
May
104'%
Oct
Nov
7
13% Apr
l'/a
Jan
2
Jan
7%
Nov
6%
16
Jun
10 Va
Nov
88'%
6
9 '4 Jan
7
14
-
Mar 31
98
,
4
13% Apr
5
5
323a Apr
3
Apr
5
143
Mar
127
6
.
Apr 8
Apr 2
Mar 30
Mar 17
Apr 6
Apr 5
Apr . 6
Mar 31
32 %
18%
85
50'%
122
> 17'%
53%
>61 ;•
7Va
May
May
May
Jan
May
Dec
May
Aug
Jan
Dec
Jan
Nov
138-
Apr
5%/'Jan
12% Mar 25 /
29%
101
par /; 70
Jan .21/' 85%
100
126
Jan 27
133%
par/ '19% Jan 1 7
267«
100
54% Jan
7
65
100
64%'Jan 8
82
8'4 Jan4 - 12%
11
Apr
24%
■95
Apr
7%4
Jan
Oct
7»%
16
11'4-Apr
9% Jan 12
Feb 19
96V# Mar 30-
100
Jan
v
44
26
par
Nov
46%
33% Mar
10% Jan
_1
preferred—
Jan/
3%
Oct
4
10% Apr
135
60 %
'
Jan
4
Oct
30%
Oct
Dec
15%
7
-
27 V2 Jan '
——1
136
Nov
16
90% Jan
No par
—;
30%
43'% Mar
8
Dec
Dec
4%
Apr
6% Jan.
;
24%
>
Apr
Jan
57
6% Jan 4 7
—100
——4—i,
:
28
6'% Apr
6
57
Apr
-1%
.
59% Mar 25
Jan
40
——100
Intern'l Teiep &, Teleg__„__No par
Foreign share ctfs_
_lNo par
Interstate Dept StoreslV—•
No par
8,000
2
4
11
*
38
Mar 15
136
12% Apr-,
3% Jan
par
,
2
45% Jan
No par
——
12
v
37% Jan
No par
preferred-——,—--—100
5 %
Apr
8'4 Jan
■
Inter Rys of Cent Am
100
./
130
:——100
tPreferred
,152.800
12%
12%
*96
-
International
100
-
—1
Mining Corp_„
Int Nickel of Canada—-___No par
180
;
%
"
*31'4
*28
*130
*11%'
*93%
11%
98
*12%
Oct
16% Apr
13'% Jan
'
5% May
1,700
11%
13%
OctMar
4%
6
/
10%
10%,
32
>
Mar 25
7 %
10%
*103
Jan
19
107
10%
141%
•>"2Va
14% Apr
27,300
41%
41%
*102 Va
10 '4
>30%
Apr
5
32%
10
31%
*
5
2,700
43%
32%
9%,
*12%
11
4
3.400
9%
*1,2
23%
42
Jan
% Jan
„
9%
%
19
32%
9% Jan
:
9'/,
11
32% Feb
9% Nov
Jan
May
Apr
11% Jan
5%
56
8%.
*95%
8
13
-
5
57
56
8%
12
2
5%
5
6
45
Mercantile Marine——No par
210
9%
98
9
"
■
Apr
88
par
Internat Min & Chem
3,500
*
11
10%
9%
*97%
Jan
15% Apr
30'% Apr
7
7
Hydro-Elec Sys class A
1/3
*131'/4
9',4
*11%
'
1%
Int
'.Vi 3.600
1, 27,600
5%
7.
9
98
/;/,/• 5V« Nov
i-/-/
Int
;>
9
U%
Dec
Jan
Jan
11% Feb
—100
—
23 %
3.900
•
64
45
*54%
32%
.
-
133
11
45
*103
6'4
64
9%
11%
tPreferred
1% Aug
5'% Aug
,
10,600
V
9
*97%
—No
/
ft
2
—No par-
Harvester-—
■
Apr
3 %
11'4 Jan
Machines——No par
Business
:
Jan
5
4
'
No par
preferred——-—1-——100
Internat'l
340
1%
1%
Int
300
.
Oct
Feb
1% Mar 26
Jan
Interconfl Rubber-'——-_-No par
7.800
-
6 %
Interlake Iron:
20,300
/■>'
163
67 34
>
v
Jan
2
16%
Sep
4%
34%
Apr
9% Apr
Jan
■i
Interchemical. Corp__
40
1,600
V
-
13%
••
54
32%
/
110
*38%
*103
'
17 '4
58
-
*43
45'
32%
32%
110%
*103
110
*103
54%
44%
54%
54%
54
*41 ,;
9
13'4
11 >
54
54
*53
8%
17 Va
13
133
5%
5%
5 %
5%-
8
13% 1
10%
■
'
5%
2'4
1,100
y
8%
*161
Insuranshares Ctfs
Dec
106
May
Va
7
NOV
44'%
29% May
4
7% Apr
■
Oct
11%
v
% Jan
8
Inc——1
5,100
28% /
17 '4
58
10%
"
55%
W
33 '4
r
32%
1.0 %
i
1%.'
-
13,200
!
115
17%
5%
•
33
131
131',4
130
130
*127
169 V2
*28'4
*113
•
1
7%
*7
65
*62,'%
■
5%
5%
33'%
-169%
i%
13
16%
65
*58%
65
>62%
69%
13%
800
2% Mar
■
2%
Feb
39%
Apr
96
4
.5
38%
'
16%
16
16%
16'%
16%
63
1%'
12%
13%
163%
68%
;>
169%
/1: 1% /', 1%
1%
12%
q i/„
::
68%
16.9
169%
169
169%
169%
169%
159
68
68%
66 %'
68 %
67%
159
159
,
'
8%
8%
163%
8%
8'/4
169 %
8
;>
8%
*8%
28%
115
*113
115 >
*113
/-'.
68%
13%
7%
28 '//
28 %
28%
28
114%
.
20
30%
16
*
/"
Dec,
Jan
Feb
115
,
Jan
Jan
7%
18%
Dec
8 %
-
Nov
29% Nov
,
;
Dec
27
Dec
17
>
21'%. Oct
:
Ja'n
15
Jan
12%
29% Mar 30
18% Jan
Indian
200
68%
1000
Jan
Oct
102%
Mar
;
6
Mar 24
109% Feb
:% Jan
37
-100
ctfs series A—*
11
7
51
134
U Jan
-6^-preferred series A—^——100
-RR See
1,800
160
*157
14 V8
*7
7%
*7
7%
37
100
*98%
68%
13%
13
7%
37
37%
15% Apr
4
Refining-—————10
Industrial- Rayon_—
No par
Ingersoll-Rand—p.——,—No par
6 % preftrred/————1-100
Inland Steel Co_li_—;—T—No par
Inspiration Cons Copper—_—_L20
100
5
".
Indianapolis P & L Co—.—No par
2,400
*98%
14
28%
1,400
37
70
9% Jan
RR Co-.,——100
12
100
8
>75% Dec
,";"•)■ 48% Dec
12'% Mar
14%
Oct
14% Nov
79%. Mar-/ V
26.
par;
16
37
41% Apr
38% Jan
—.1 -
12
*98
5
12
4 % Jan
1,090
:
Jan
36% Jan
.
Manhattan—„'—100
15%
12
*155'
160
31
,
8% Jan
Central
Feb
8
Apr
41% Apr
Leased lines 4%—
Apr
Dec
Feb
158
30% Mar
110
22 % Jan
300
51
125
8
17
2
58%
Apr
6
2
1214
15%
11%
Jan
94 %
10'%
22% Mar 3,1
13% Apr-
1% Jan
Apr
"
f
May
8% Nov
'
,
Apr
5
/ 37 % Apr
4
15%
15'4
37
,13
-100
•/■
3,700
1
18
Mar/10
10 Va
9%
100
36%
16% Jan
18% Feb
V 28% Jan 21J 7 - Jan / 6
Sm Ltd——No par
Illinois
28,000
Jan
88
,
Jun
141'%
* Mar 16
108
6
3% Jan
10
9 %
11%
11%
11%
36%
14% Jan
30 % Jan
13%
%/.
Jan > 5
100
;
105
44
■>
9
•
May
45
2
Mar
100
26%/'.
,
Feb
60
—5
13
9'%
27
134
Oil of Texas v t cj.—_,_25
44
*43%
15
Jan,,<: 9
Jan 7.2
IHupp Motor Car Corp—
9,300
Jan
4% Dec
;<
5'% May
79 %
17% Mar 29
81' Apr
1
5
Mar
49
44
26%
43%
Jan v
131
.«
—No par
J.3%
26%
■
73
par
—-100
—No par
Hudson Motor Car-.——,—No
:15,200
1%
.
'
Jan
10
102% Apr
8
27%
.13%
.100.
99
.
15%
*14%,
36%
36%
37'%
98%
•
9
8%
15%
12
•
V
:
9
1%
Jan
16%
146
% Mar
Va
12% Jan
par
———No par.
A
•
9
preferred
5%
thart-
104
Apr
25
Mar
Hud Bay Min &
800
6,100
Mar
167
44
13%
12%
26%
14%
12%
*43%
*8%
43
11%
7%
8%
>
Hudson
900
2
26%
9%
1%
13
9%
26%
1%
43%
14%
Houston
3
2
.
5
Howe Sound Co———:
1,400
1% Jan
Jan
preferred———
.15 %
590
27,600
:
26%
*7
7%
26
8
26%
9 Va
8%
38
2
2
7
26%
1%
12%
14%
2
2
6%
25%
.
8%,
26
9%
}.
108%
7%
38
.
9% Mar 11
152
100
No
%
80
•
2
Household Finance—;
700
Jan
Apr
preferred—_v—_'_No paf(
Class B
5,100
50%
IO8V4
7%
38
6%
25%
43
14%
108 V'4
7%
37%
8
1%
1%
1%
1 /'a
108 >4
•7%
*1%
2
6%
25%
26%
8%
26'/4
13%
50
■14
'
/
2
6%
7%
*6%
»/4
14%
50%
600
;:
7
•
Holly Sugar Cprp—
—No par
z>,7 % ■ preferred—
~
100
Homestake Mining!!.——!—-12.50
HOudaille-Hershey cl A_——No par
14.600
37
3
96 Va Mar 23
71
preferred—:
cony;
Jan
•
Co———.10
Hires Co (C E) The
1
Holland Furnace/ (Del);:!.——
Hollander & Sons (A)—:
—5
200
,
38%
50
38
37%
37%
37%
37%
37
37i%
'
7:
38%;
37
-
38
14
108%
108
7
39%
*37
13%
*49 Va
107%
6%"
15%
*4
86
Hlnde <fc Dauch Paper
20%
19 %
50
13%
13%
50
107%
107%
7
108
*
13
50
200
20
*114%
38%
39%
37
50
13 >/8
*114%
103%
103%
16
15%
15 %
*15%
*114%
37%'
37 Va
*36%
13
12%
*36%
38
37V4
v
1,400
*12%
*19%
*114%
:
106
5
6
Motors———
cum
6% Apr
20
Hershey Chocolate—
*18
36%
*114%
6%
xl26
56% Jan
Hercuies' Powder/.!!—!.No
60
58%
12
1
93 % Jan
—
}
Apr
5
•
Highest.
■/<•
•
Apr
Apr
18% Mar
141
Feb
25
—
Hercules
133
98-
5
———25
—
1,400
79 %
79%
*55
W)
Lowest
,
$ per thart'"' •# per
•
2
.r
1,700
15%
*130
58%
*56%
(G
Preferred
.
*102
12 %
20
*35%
so
132%
132
5,300
20
*18
20
165
./
106
*103%
106
*103%
19%
*18
20
*18
Helme
*155
58%
*56%
100
165
133
*131
58%
810
68
99%
*155
79%
79%
78
133
*57 .:/•
58%
99 Va
Hayes Mfg Corp__„
t Hazel-Atlas Glass Co.
2%
105% Apr
4% Jan
1
Hayes Industries Inc„——
1,500
Highest
13% Jan
135 ;
.
*66
67%"
15%
•
<
par'
—
\iyi v.,-% Year 1942
•
# per thart-
thart
99% JanV 6
par
No
Refrac——
I per
v
.100
preferred.—————
Hat Corp- of Amer. class A_:
—1'
•> 6Va'V#'. preferred.!—.4—!—— .100
800
8%
2%
99%
67%
165
*14%
14%
14%
15%
14%
15
*155
98%
69!
pfdw!—No
6 %
100
8%
2%,.
99
*67
99%
••
Harbison>Wallc
2,500
6%
*95%
8%
2%;1
2f%
98
68
165
*158
165
*158
1O0
*66
100
17
Co $5,
(M A)
Hanna
138
*6
6%
8%
8%
16%
*132
138
*95%
100
2%
2%
70
*67
71
*67
100%
100
102 J/4
101
6
8 %
8%
2%
6
*95%
100
8%
2%
2%
2 >4
2%
*97
8%
8%
8%
8%
100
*98
100
**98
*132
*5%
5%
5%
138
*132
Pur
106 Va
*105%
16%
16%
16%
16%
16%
138
*132
138
*105%, 106%
106%
Lowest
Shares
thart
per
Range/Since January l
/ / EXCHANGE
the Week
Apr. J6
I
I per thart
thart.
*105%
106%
16%
16%
16'/a
16%
16%
*"135
I per
per than
*105 J/4
106 %
*1051/4
106»/«
f
thart
Range for Previous
.
NEW. YORK STOCK
Sales for
Friday
'.
Apr. 15
Apr. 14
Apr. 13
Apr. 12
Apr. 10
I per
Thursday
Wednesday
Tuesday
*
STOCKS
HIGH SALE PRICES
LOW AND
'
Monday, April 19, 1943
/ 10% Nov
> 33% Jan
■
.
:
107% Jan
73% Dec
129
Nov
24% Jan
64
Jan
79% Jan
11V Jan
K
14%
14%
143%
9%
28
14%
17%
17%
17%
17%
12%
12%
13
13%
*108%
112
32%
3 (Vi
*108%
112
27%
*27
11'/4
10%
10 Va
11%
11%
*10%
*94%
95
94 %
94 %
15%
*14%
15
15
15
-
*105
'*105
17%
17%
/; 12%
12%
13
'
no
*108%
17 %
*17%
13%
4,500
110
110
110
33'%
32%
18
17'4
*28%
29%
3
*2%
39%
39
39
*38%
39
22 Vs.
22'4
22%
22%
22%
22'
*8%
10
*8
10
*8
28
28
27%
28%
28%
27%
27
27%
26%
27
13%
13'4
13 "2
14
14%
59 %
CO
61.
61 %
'20%
21%
21%
22
15%
15%
15%
21%
*14%
.15%
33
33
33%
*33
34
23%
23'4
23%
X22
22%
*15
39%
50
22
22
22%
22%
?
*8
29
27%
62
%
14
'
2,300
-
14
64
61
62
710
23
21%
23
15%
15%
23
23
510
3,500
,
16 Vi
16%
*34
351/4
?5
35
*34
35
22
23 '4
23
23
*22'.'a
22%
.
500
600
.1,300
116'%
*115
116%
6%
6%
5%
6%
6%
6 %
6%
7%
7
7%
26,600
1 %
1%
1%
1 %
1%
1%
1
1%
1%
1%
7,400
13%
14%
13%
13 %
14%
14'%
16%
16%
16%
17,200
27%
29 V#
29%
4,500
13%
14
*115
•
116%
116'%
*115
*115
14%
28%
27%
28
28 V4
29'4
29 %
17%
17%
*17%
*17
18
*17%
18%
*!7%
18
30%
30%
30%
30%
29
30
*30
31%
*31.
21%
34%
34%
34
35%
33
33%
34%
34
6%
7%
7
7%
7
7%
27%
For
footnotes
see
28%
18
page
1435.
33%
7
..
7%
7'4
29%
17%
500
31%
32
800
34%
34 %
34 %
8,700
7%
x6%
6%
43,500
*17%
2
2
Jan
13
20
/■'
7% Jan
83
6
.
Jan
2
11% Jan
2
103% Feb
1
<
14% Jan / 2
8% Jan
4
102 * Jan
29
28% Jan
7
16% Apr
Feb
124
5
29% Apr
12
Apr
Apr
6
Nov
Apr
11 Va
Feb
Dec
100%
Jan
Jan
11 Va
Sep
103%
Dec
14%
Dec
7
2
14% Apr
Oct
29%
93% July
11
18% Apr
Oct
May
2%
16
5
Mar
Dec
7%
81%
6
96
13%
124
Jan
6 >
6
15% Apr
Mar
>
8
5
108
Feb
117
5
23
10% Apr :
10'4
Apr
4%
Jan
9
May
105'4
100
Dec
j
Jan
Apr
13
35% Apr
8
26%
Jun
37%
Jan
Apr
>15 '/#
Dec
110
2'
17% Apr
10
11%
Jan
7
30'
Feb
15
24%
Jun
1% Jan
13
3'4 Apr
9
1%
Jan
2%
34% Jan
12
40'4 Apr
1
30 %
Sep
40%
Feb
Mar
22%
Jan
3 Va
Jail
.15% Jan
25
t
:
17
'29
Jan
Feb
23% Apr
7
—1
2% Jan
11
3 0% Apr
3
Kress (S H) & Co
No
Kroger Grocery & Bak—___No
par
23% Jan
4
29% Apr
5
19% May
27
par
24% Feb
26
28% Apr
8
22%
Apr
29%
Mar 29
7%
Apr
13
Mar 29
21'%
Apr
41%
Sep
11%
Jan
18
Dec
11'4
Dec
Laclede Gas Lt Co St Lpuis
5 % preferred/
Lambert Co
'
1%
116%
Keystone Steel & w Col_—No par
19
.?/
5'4 Jan
Kresge Dept Stores——
—_
/ 1,100
27%
14%
!4
3,100
10
*28
-
6
*115
No par
39%
1%
.
Kennecott Copper—:
39
5%
11G'%
pf<i A——No par
Kimberly-Clark—1>
—No
par
Kinney (G R) Co—
1
$5 prior preferred.—^^No par
: Kresge fS S) Co_^—
—10
15%
21%
Kendall Co $6 pt
:
'
'
21%
1
700
28
60%
/
—I
—
600
27%
%
17%
30,600
B
400
28
13
*17%
<
Class
2%
10
59%
*115
Kelsey Hayes Wh'l conv cl A
f;
29%
28%
13%
32%
100
i._5
preferred_100
*2%
*8
59%
32%
—
conv preferred
Kayser (J) & Co
Keith-Albee-Orpheum
29'4
28%
59
20
113
122% Feb
39
9%
*27%
*110
X12% Jan
3
28'4
*11
23 %
■—-■
13'%
29
10
*32
v
10
Kan City P & L pf ser B„i_No par
Kansas City Southern——No par
4% preferred——_—_100
Itaufmann Dept ■ Stores—i__
1
Kalamazoo Stove & Furn—
.5 %
500 4
13%
*2%
29
28
*14%
-:!-//
90
'
•1,800
3
*8%
27
/
17 '%
3
*2729
27%
22%
/
17 %
*39'4,
40
,
/:•:'
*
17%
18
29
3 %
^
17%
3Va
*17%
*26%
22%
*105
300
;
94'%
15
*
13%
13%
110
94'4
15
::
1,900
17%
17'%
32%
3 %
22,900
11
94 %
/
1———:';>■
28
17%
'
<1,200
1
.
9%
9%
27'4
32%
17%
15
127
26'%
32
28%
'*14%
>122
26%
33%
17%
*39'4
9
9%
33%
17%
32%
*26%
*3
14%
127
9%
26%
*105
*105
y
*122
9%
*14%
97
*105
14%
14 Va
127
9%
94%
*10'4
*94
14%
14%
>122*
*10
11%
13%
14%
127
25
31%
13 3 4
f.
8%
28
97
*9%
*94
*122
•
10
27%
9%
9
27
14%
15
127
*122
127
*122
Lane
(The%,
^.100
„_100
—No
Bryant——.—„No
Lee Rubber & Tire
Lehman
Corp
16
66
;
Apr
23%
par
11% Jan
7
16% Apr
26% Jan
27
36
Mar 25
Jan
4
25
Apr
50
20
107% Jan
27
2% Jan
2
1:1
1»;
Jan
2
11% Jan
6
116%. Apr
5
16
6
7
2'/#
Jun
8% Mar
15'%
Apr
18'% May
104
Aug
Jan
.
'
Jan
May
28
Dec
23'%
Jan
113
4
Jan
Jan
6
2%
5
U
Dec
1%
Jan
16% Apr
16
8%
Jan
15'.%
Aug
25
Dec
7%' Apr
1% Mar
-
Jun
Jan
12
30% Apr
6
17%
Apr
i.5
14% Jan
6
19
1
11%
Apr
14'4 Aug
...No par
23% Jan
8
33% Mar 30
18
Apr
26 3o
37'/4 Mar 29
20'%
Jan
33%
Dec
Mar
5'4
Jan
(The)—.
Lehn & Fink Prod Corp.
Lerner Stores Corp.
4
"4
7
5
preferred
Jan
17 % Jan
Portland Cement—
.25
4% conv preferred-!—
_100
tLehigh Valley RR./
_u——-50
Lehigh Valley. Coal...
—No par
conv
9% Jan
35
par
Lehigh
6%
18% Jan / 2
—1
Libbey Owens Ford Gl—„No par
Libby McNeill & Libby
__7
24
31
Jan
12
5
Jan
2
Apr
7% Apr
6
4
Dec
LOW
I per
f per
share
31%
*31 Va
32%
65%
i 174%
175
*174'/«
t 27
27
67 Va
67%
*66
66%
<■'
68 %
68 %
.68%
68 %
I
174%
27%
33%
40 >•
40
40%
17%
17%
19%
20%
19% •20
19%
19%
22 Va
22%
23
22%
22%
21 %
22
54%
>
,43
;•
51%
52%
43 Va
42%
43%
•
>'>
8%
8%
9
18%
*25%
26
19
'18%
"
"
153
153
153 '>.
19%
70
70 Va
71
69
25%
70%
25%
25%
-
19%
•',26
iq
■■
>
26
26
Apr
22Va Jan
par
4
28"a Apr
8
16%
Apr
23%
Nov
36% Apr
1
22 Vb
Jun
32%
Feb
Loew's
par
42 % Jan
Corp__. ..No par
37% Jan
Inc>_.
LOne Stkr
Lorillard
AA/A: 180
20'A
1
7
'
.
7 c/e
7'
Oct
16 Vb
Dec
14% May
24%
Jan
58 '4 Mar 29
37
Jan
46 %
11
4634 Mar 22
31%
Jun
42%
Jan
2% Mar
7'/s
Dec
19%
NOV
6% Feb
4
13
26%'Apr 15
15
2
19% Feb
11%
100
148 %• Jan
12
A
..No par
154
15% Jan f'6
:;■
Feb
11
Mar
Dec
16% Nov
Apr
128
23
153
Mar
Dec
11%
8
27
2
36% Apr;:' 6
18%
Jan
Sep
76%
Jan
15'/a
20% Apr 15
73'% Mar 29
Apr
55%
8
59 % Jan
100
Va Nov
37
11% May
16% Jan
par
Nashville.
&
20% Apr 14
25-% Mar 29
Dec
12%
18 Va Jan
preferred
Louisville
5
Jan
177
25% May
9% Jan
—10
Co_____„^,^
Louisville Gas <Sc El A__...
600
,
1,500
-A
Mar
40% Apr
7
18 % Mar 31
6
.
16 V8 Jan
BiscultA—
(P)
Mar
9% Mar 25
..No
Long Bell Lumber A
Loose-Wiles
2,800
15% Jan
.
..No
Cement
1,100
A
,
24
..No par
Refining
4,600
.70%
27
164%
par
>>: ,>
70%
/.
70%
18
Liquid Carbonic Corp-—. ..No
Lockheed Aircraft Corp_»i.
>.2,800
■
19%%
"19%
•
20% •"•
69
179% Feb
4
9%
26
.
3
33
19
5,000
"i
153 > 153
:';>
>. 154
20 %
-
'
18%
69%
*69
9%
i
26%
*152
152%*
19%
19.%
19%
•
,
■:
Apr
174
12% Jan
56 ->■
,,
Jan
74 Va
34% Jan
12,600
42% 7 42%
>
'
9%
26
19
19%
19 %
43%
18%
25%
18%
151 >
!
8%
.,/
8%
8%
8 %'
„■
25
54
56%
54%
43
19
.
153
153
8%
.
54%
43%
*43-
25'
>•:;. 24%
■•>>
22%
54
.'
73%
Apr
Lion Oil
700
22%
53%
■V-
Jari
Apr
50%
5,400
f
16%
33
50%
3
3,100
A
v-
16%
20
5
71% Feb
7
*
17%
19%
18%,
•70
40
17%
16%
25
19%
40%
34
18%
18%
"151
34%'.
*35%
2
70 Va Feb
4
:
Jan
4,300
Highest
I per share
share
per
2
Jan
Lima Locomotive Wks____. ..No par
Link Beit; Co^___—_
i.No par
A
19
24%
.
34
34
*
Lily Tulip Cup Corp_»i.>_. ;_No
shars
63Va Jan
100
—
per
1942
Lowest
62% Mar 25
,
25
tPreferred
170
t
Previous
for
Year
1
Highest
sharp
per
30
25
Tobacco!
'Series
/
$
5
Liggett & Myers'
1,100
28
17 <>
'
%
8
28
17%
21%
43%
'.
•V
500
28
17
22
53%
,
32
40
*39%
:
43
*27%
32%
174%
174%.
27%
31%
40%
19 ,">
53%
174%
27%
*174
18%
16%
18%
174%
27%
*27
33%
:
16%
21%
174%
174%
174%
68%
Lowest
Life Savers Corp
»
'."v *31%
Since January
Range
Par
600
32%
67
68%
32%,
;
38%
38%
*32
67
68%
40%'
32%
32
32%
65%
32%
Range
STOCK
YORK
EXCHANGE
.
200
32'%
67%
*31%
NEW
for
Shares
I per share
65%
27%
.
share
S ser
sharp
per
*31%
68%
67%
Sales
the Week
68%
"65%
67%
Friday
Apr. 16
67
31%
65%
■
I
per'sharp
t
sharp
?
Apr. 14
Apr. 13
Apr. 13
Apr. 10
Thursday
Apr. 15
Wednesday
1431
STOCKS
HIGH SALE PRICES
AND
Tuesday
Monday
Saturday
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number .4169
157
Volume
Apr
M
>
*25%
>
33%-
34%
•'■•
33%
34%
24%
24%
,•24%
11%
21%
5
*17%
2
-
4
4%
;
%
15%
13%
•
'
1%
1%
4"'a
4%
20%
<!"
20%
■
5%
4% V'
17%
13%
xl3%
13%
20%
21
21%
21%
24
'! 23%
*160 />
24%
168
•
-
44
a
4%
\
29
*26%
■
44
24
23%
*160
„•;•.
Martin-Parry
16
•
A.x
*109%' 111%
*109%
23%
23%
■S 23%
23%
23%
23%--
*13%'
14%
14%
1.4%
13%
13%
48
Masonite
•
500
Master
24% !
2,400
13% >
110%
24%
47%
47%
•
?• x24%
A'
14
14
8% !
9'
8%
24%
A;
'
9%
14! a
83%
V-;
72
*69
.29%
7%
28
*26
22 %
■>
66%
67%
66
6''a
6
v
*34 Va
36
,
19%
16%
16%
16%
17%
26%
27 >:,■
27
27.
20%
8%
114%
8%
8%
43
H.
*42 %
;•;
26 34
A
13%
26%
113%
';,.;>■••
39%
.tAAA
1
*5%
A,\
*19%
20%
>
x7% ;"«■ 8
42
114%
42
;
,
llS
AV
42 %'
•'
_
10,000
VB
-
:
19%
19 Va
19
*19%
.
-20%
;
20
!
170
170
•170
170
*169
$4.50
.
7%
•'•?;
:■;•;•
:
Oct
Jan
7
13
6% Jan
101
22%
22%
22%
12%
13%
13
13%
/, 17
>17%
8
16%
/'
8V4
28% :
22Va-
22Va
'
■■
7%
7!4
83
•
171%'
/.
>
17:%
57
8
16%
15%.
171 VB
*169
*140
140%
139 %
6
Jan
163!
22%
7%
15%
16
*169
171 Va
• '
17'/a:
18
*32%
34
34
4%
•:10%
10
9%
78
5'%
5VB
5VB
6
8%
9
9%
9%
:.
•
34
4%".
4%
79
'
-
A
17% "
■
•
57'4
57-
57 Ve
*56%
10%
10-%
12
11%
ll%
21
23%
72%
74%;
71%
72
79%
80 '4
5%
5%
5VB
6
9
9
74
9%
5%
400
32,400
!
5%.
800
11%
:
23
-.
23 Va
'
6,200
! 73% '-73%
s
2.110
.
81
80%
6%
£ %
9%
12%
12%
12%
18%
18'%
>83%
83
83
50
*46'%
12%
12%
18%
*18%
84
10 VB
52
*47
12%
12s/b
12%
12
Va'
.
:
39,800
350
,
6
5%
A
9%'
12%
6,400
10
-8,500
12%
12%
*18'4
18%
86
*84%
86
85%
86
52
*47
50
*47'%
"50
-•
*18%
"47%
*109
110%
*109
32%
33 %
33%
33 34
34
36%'
37
123b
12%
12%
13'4
13
13%
12%
13%
19
19%
19 %
19%
1S%
19%
19%
*100%
19%
*100%
102
110%
101 VB
*109
*100
101Vb-
*100
•
18%h
33
33%
33%
32
3 2'4
34
34
33%
16%
16%
17%
15%
16%
16>8
17,
16 %
17%
For
footnotes
see
page
1435.
29
Oct
9
32% Mar
1
21
/Apr
33%
Oct
13
34% Apr
6
24
Dec
30%
Jan
4
9% Apr
8
5
Apr
7%
Jan
Vb. Mar
19 Va
Dec
,
24% Mar 30
12
30 % Apr
16 Va May
118
4
8
8
Feb,
%
Apr
35'/a
69% Apr
103 Va
19%
.
'
33%
16%
17%
'
23Va
Oct
108 Vb
Nov
Jan
88
Mar 22
16
59% Dec
Oct
19
109''2 Apr
15
Jan
108
Apr
14
113 Va Feb
4
Xl07% May
111
Jan
2
7 V8 Apr
8
1% May
64% Jan.
88V8 Mar 27
13% Jan ; 13
34 Jan
17% Jan
i
.
Jan.
•
Jan
14%
Nov
%
Jan
1
%
Oct
1%
Jan
4%
Oct
25% Apr
5
90% Feb 10
12
Mar 19
84
115-
118
Apr
8%,
Mar
4
12%
Feb
11% Apr
4
v
Dec
67
6
3% Mar
2
3% Jan
Oct
3%
Jun
57%
20% Mar 30
7
66
Oct
18
91
May
Jan
Mar 19
110
May
117%
Feb
120% Apr 14
112
May
120
Oct,
102%
119
2
'20
Jan'
108% Jan
2
114
Apr
110%
33'4 Jan
14
41
Apr
1
23 Va
Apr
34%
8
37
Mar
'3
28%
Dec
48 % Mar
6
12%
14% Mar 30
6%
Jan
11
Oct
9%
Apr
12%
Nov
20 % Aug
25%
Jan
3%
Jan
,
31% Jan
Jan
13
22% Apr
5
A
Mar 10
9% Jan
7
11 Va Jan
12
21 Va Jan
8
2,% Jan
2
.18% Apr
31
7
Mar 29
29% Mar
Dec
2
Sep
50
Jan
63
11%
Jan
17
Dec
68% Feb
15
49
69%
Jan
115'4 Feb
27
108%
Sep
9% Apr
6
4%
Jan
6 % Apr
'67
Jan
7
15
Jan
5
62
Apr
13
112
J an
25
5% Jan
2
34% Jan
Dec
22 A Mar 29
A,.:
53
.
Apr
'8.
12
A
Feb
1% Feb
May
30%
27
11
44
12
1% Feb
C%
Feb
Dec
113
Va
Nov
39%
Feb
6
Jun
$4.50
National
:
—10'
>v
10O
par
>
,il62
Oct
2
7 Va Apr
.7
3
9% Mar 12
.
Lead Co—
.-10
Oct
166'/a
Jan
Apr
16%
Dec
3
4%
Jan
10
Feb
5
15
23Vj Apr
5
;•
12
Jail
14
160
Jan
h"
1
2
,17% Apr
10
Feb
13
13
14%'Jan
31 %■ Feb
5
2% Jan
2
Jan
5
52
;
5% Jan.
2
2% Jan
Nehi Corp
—•
Neisfier Bros Inc———
434ft
conv
—No par
1
serial preferred—100
Corp.—;—_—-10
1
N'port News Ship & Dr Dock
1
$5 conv preferred
—No par
New York Air Brake.——No par
New
York
Central—
No par
16
37
>
Jan
1
4
11
106% Mar 31
54
6%
Jun
16%
Jan
Oct
Jan
Feb
63
Feb
May
70
Feb
4
4%
Oct'
5% Mar
11
Jan
I
Oct
9 Va
Feb
9%
Dec
17
Dec
70'% May
;
75%
Sep
28
Apr
39%
Dec
104
Mar
110 Va
Dec
Apr
30 V:
Feb
7% Apr
11%
Jan
Dec
25 Va
Jan
Dec
109 Va
Jan
22%
26% Jan
2
110% Jan
12
14% Mar 30
173sJan
2
21% Mar 30
95 Vs Jan
7
100% Apr
7
93'4
V2 Jan
2
36% Apr
6
237/a May
10% Jan
12
19'/a Apr
5
27
3%
Apr
May
2% Mar
86'A Mar 15
8
Apr
45% May
5
37% Apr
Jan
Nov
51
8
48
Apr
7
112% Jan 30
Jan
36
9%
13% Apr
6
19'-! Mar 30
Jan
74% Jan
Jan
17% Mar
.4
14
10% Apr
.
9 Vb Jan
Va
168
146
1%
—
,
Dec
Mar
29%
15
1.4
Apr
16
Apr
May
Mar
43% May
14
6% Apr
'
Jan
6
Apr
72
13% Dec
61Vs Mar 29
;12
Sep
6%
129
5
36
82
Jan
62
Jan
:! 5% Apr
74% Apr
Jan.:
57
19% Apr
Nov
Nov
145
2
,4
•
2334 Apr
14% Jan
j
145
9%
18
Jan
11%
8
171 Vb Apr
Dec
Nov
26
Apr
60
24
6
.
7%
Apr
141/4 Mar
.3%
Dec
9%
15% Aug
17%
8
Feb
84
13
Jan
! 137
;! 8% Apr
4
Sep
.
8% May
8
Apr
Jan
20
Apr
31
6
5% Nov
Jan
Jan
12%
17 %' Jan
t7%
3%
; 11
8
14
70 V4 Jan ••
A
12 %
-5
9 % Mar -16
•■:.
:
Apr
9V2 Mar
13
6 % Jan
V
6%
x25 i! Jan
;
:
14% Jan
Oct
16%
May
18% Apr
-
9%
6'/a May
May
20% Apr
14 Va
4
2
Dec
13
25 Vb Mar 25
"
Nov
8%
140
5
A.
9Vb Jan
Stamping——. ..No par
preferred A
—.=100
t6% preferred B___A———100
Nat Mali & St'l Cast Co—_LNo parNational Oil Products Co——J—4
National Power & Lt..—No parNational Steel Corp
——
-25
National Supply (The) Pa—__^_10
$2 conv preferred
40
t5%% prior preferred-^—A—-100
t6% prior preferred———-100
National Tea Co
No par
Natomas Co
—No par
■
5%
Jan
8
171
4
Apr
5%
Mar 24
-20'/BApr
7
'Jan
5% Jan
3
,11% Mar 29
7
2
A
7
>8% Mar 25
17-
v'
10
preferred— .No par.
Jan
18% Jan A 4
A,
par
Newport Industries—
162,200
19%
15% Jan
-10
Corp—
Newmont Mining
900
1
13 Va May
8 % Jan
_5
—!.
L.
5.800
3,900
Oct
Nov
19% Apr
8% Feb
—10
Corp___.
Co
-
«
7
29%
5% Jan
,
3 Vb July
Dec
Jan
16% May
15% Jan
—
Gypsum Co___:
conv
1
3%
5
4
preferred—_>.__;_^^^.
National
-
A
5
10 Va Mar 30
1,800
>
101 %
*32%
33%
16%
19%
*100
101 VB
33
Jun
40% Apr
(J J)———No par
5% preferred series A
100
37
13
*109
22%
2
Newberry Co
110%
110%
33%
12%
110%
60
50
33%
*109
10034
19
5Q0
'
88
12%
12%
3.200
:■
19
*84
-
32%
110%
32%
.8
2
'
18 VB
-18%
18%
84
*47
•
.34Va Apr
6% Jan
Products——I..— .No
Nat En am* &
2,300
'
'
82
A
Oct
4
Feb
Nat Distillers Prod——A—. ;.No par
no
57%
233'4 '
73%
80%
•
6
3
'
11%
23%
82
'
Dec
109 A
National Dept Stores______. ..No par
;
50
:
34
4%
57
21
4%
23% Jan
Register-,
Nat Dairy
HO
'
>
8
7
107
...
11.000
-
17s/b
AA
5%
14.900
A,
170
34
17% '
34
Jan
8Va Apr
5
'
18'4
*100%
i
700
140%. 140% A,
-
*109
-
16%
16%
140
47«
32
100
i.! .No par
.a—1
National Cylinder Gas Co—
8,400
8%!.;
84
170
34
-
-
5'4
29%
.
8%
57%
•:
400
9% >
Can
Nat Cash
4,400
8%
84
17V8
Jun
6
58
par
Bond1 & Share Corp_^_ -No
National
•
11,000
>
22% ••22%
169
xl40
18
79
72%
-A>72
78%
.
4.200
18
29'4
16%
169
20%
Louis^-M,-
preferred^--!—;
7%
.
Nat
600
5,600
4.600
14
*9%":
-
A
,;%r
7% A
8%
.
;■
23 Ve
>17%
84
16
16 3 a
171
20%
21%'
20
"I
7%
8%
*83
141'%
*140
141
4%
21
1
23
8%
8%
84
84
83
18
*56%
a-
300
30%
*22%
Feb
3
106 % Jan
par,
.No
preferred..
National 'Biscuit
8%
22 V4
Mar
Apr
31
Corp__——
Aviation
National
t
23
17%
29%
conv
»
A
■
9%
29%
32%
57%A
"6%
-
2,500
10.200
*13%
Va
8
X28%
-4%
*56%
14
*9V4
9%;,,
400
V>
20
7%
22%
17%
17%
77
72
>;,!
Co
Acme
19% •:
173
7% May
Oct
Dec
;
20 % Jan
100
Jan
55
89
76
18% Jan
par
Nat Automotive Fibres Inc„
11
20
13%
x5% Nov
6
Dec
108
2
Jan
5% Jan
Apr
?% Jan
64%
26% Apr
A
94
Dec
110
•
4
Jan ;
26 ;
Jun
26
4% Jan
•
15%
Jan
Dec
Feb
>9
par
39
May
5%
Nov
/
Mar
Feb
...No par.
& St
19%
*170
7%
10% Apr
9
27
series C..*...No par
10%
>
.
22%
>/■.
9.%':V;;
Chatt
National
?
"
17%
■
'20
>>
7%
8
8
*9%
32%
•
72,-
71 Va
:
171
4
15
25
9%
101
15
Dec
9%
Oct
% Apr
8
110% Mar 29
Jan
—
Liquidating Co——!_
tNash
•
,
3,100
6 Va ""■••••
*9
'
•
11 ■«'.
19%
171
20
22
-/9VB
: '
19
Jan
9
60
preferred—————No par
Nash-Kelvinator
3,800
6%
13%
17%
78%
,:
83
XV-
.
7%
7%
82%
13
.
22
10
■>
7%
9 %
22
20%
9'%
20
.
22%
16 %
4%
57
'
V
29%
*169
32%
4%.
,
7%
9%
8
9%
28 %
7%
17%
*31 '4.
,
16%
29%
82 %
140
140
.:
21%
%;>•
22%
■
16%
16 V«
.;
7%
>
28 7a
83
171%
,.
7% "■•
13
:H 16%
*19%
'
7%
22
12%
,
17 ,%
.*9%
9%
28%
>9%
:
20 •:,;>■
22
17%
V'A 17 Va
11
6%
27'%
19% Mar 26
67% Jan
fMorris
'
38%
7
:•.-.
5
8
111% Apr
24
24%
Apr \
Apr
15
13
Feb
14
24% Mar 15
50% Apr
6
108% Jan
99% Aug
109% Mar 31
27
'
Nabco
470
18
Dec
19% Jan
Montg Waid & Co Inc......No par
29,100
.: >''L7%-:
101
■.
*37%
39 V;
Nov
Jan
200
9%
9%
7 >■'•■ •"••■■ /. >7' : ;
9% v> ••/; 9VB-
173
*169
170
*•'
?8
19%
"■■■•-
1%
*1VB
9:%
Jan
Nov
22
12%
preferred——W-No par
Corp—
:
10
$4 preferred
f
t
13% Sep
8
Jan
14
14% Jan
...No
3%
Jun
'.
—a———5
^^-10
B
Jan
1%
May
A
5
series
46%
176
Mar
109 % Apr
No
Apr
9
101
7
Co
Petroleum
27% Apr
11
No
Apr
31
10
,-18
Co
162
4
.
1%
8%
10% •>
10%
■19
19%
Jan
Mar
4% Mar >2
,
18
;
9%
9%
10%
7%
7%
22 Va
1
*634
■
.-•*1%
/.:■-->■
29%
76
8% Jan
1st preferred-
Preferred
12,900
13%
37.
>:! 37
6%
"19
20%
./
7%
7Va
9
834
17%% >"'-;17'%v
19-
19% "
;
■
37
•
■
1% ->
*1 VB
8%
8%
Nov
19% July
6
9
A 38% Jan
^^—5
preferred series A
100
Carpet Mills
20
Monsanto Chemical Co—A——A-.10
7.«pq
-pit. %■-■..< v.A :
•
-
Aa-'A.,
1%
:
* 1 VB
1% '
*1%
1%
8%
9' ;->>>' ?>; 8 % (v 9.,:V/'!
36
38'a
*37%
*37 :
38 >/,/,;.
17%
17%
17%
17% >> > 17%
7 ••/>•/' >.' m
6%
6% V.; 6%'-.
9%
*9%
*9'%
*9 %
9%
>
10%
10%
10%
10%
10% '
*1
25 Vb
8
N
.
Dec
Aug
—
8%
42'%
A;
.
..
8%
42%
42%
^,,
115.A
8%
Jan
34%
19
14
*
62 Va-
62%
,
114'% t
8
.
6 Va
22% May
6
Apr
.
21'%
.
4
14% Apr
'
65
>20
62%.
62%
62%
114%i,
*114'A
;,i;l
43
.'
20%
Jan
17% Apr
104
Morreli (J) & Co
—No par
& Essex—--—A_--_-,-_50
Motor Products Corp
...No par
...5>
1.8
'AAA.; 5,300 A! Motor Wheel Corp
17%
Mueller Brass Co
——-I
27 > i VA
2,100
27;.
2,400 •(' Mull ins .Mfg Co class B—A—'—-»—1'.
5% , 5% X A' ;
150
$7 preferred
66
••:•:.>>'
No par
*65 Va
*20% : 21% > 'VA : A 300 A Munsingwear Inc——i—No par.
A *62%:
No par
63%'
A ' : l.ioo '■'<•. Murphy Co- (G C>
70 •;
14,%',! preferred
100
*114 Va 116
">!•>
Murray : Corp of America!—
^_10
8% •
' • :12.400 i
8%
500
A A *41%
Myers (F E) & Bro—
—No par
42% A-!:
26%
•A/13
5%
.
65
65
Jan
7
7%
40
190
A
>•;;,;
34'%
34%
.
■">
27
26'%
.
5%
5%
*63%
-
18%
18
Oct
12%
26 Vb
16
Jan
12% Jan
Mohawk
1,500 A
.
;
.Jl00
Mo-Kan-Texas RR
•"k
30
39
-
21-%
133a
A
11%
Apr
11% Jan
100
pfd series B—'.
^—100
preferred series C_'_—--100
Moline Power Impl
—-1
Mission
•
>
4
21 % Feb
conv
$6.50
i,oooA;
:
:
*112%
34 3i
20'4
18'%
17Va
.
5% v.:
.62
63 %
114%
A
8 %
88
v"
7
'4%
Minn
6,900
-*120'4
39%
34%
.
13
66
V 19%
*62%
62%
114%
24
87%
Va
113
39%
35 Va
19% V20%
13
27
65
20%
62 %
*114
-VA,
17%
•
5%
'/>
67
4
100
*119
113
39 AAA
A
!
10
a
*120'4
120%
12%
26%.
5%
67
21%
*20%
87% V
,
2% Jan
No par
Steel Prod
cum
4%
,
.
28,200
9%
86!%
U3'%
■■
*34 Va
A
19
-
17
•
,f
3,600
3 /A 1
-
,
*23%
10'4
23 %
'
67
*66
.
5%
5%
A",
20
3
A* 119
.A' 38
•;
35
18%
12%
13%
8%
'
19%
23'%
23%
87'%
113
38
*34%
'
19
13%
5% >
3
V"
'
13
'
*85%
;AA
20
9%
97a
120%
113%
37%
13%
.;
86
86
19%
48
Minn-Honeywell. Regn—No par
7.100
6Va
87%
Trans
Copper—
Midland
40
•
Min
Mid-Continent
30
/;
A
6%
6%; A
2Va
*119
113.,
18%
13,000
:
113
"
Machine
410.;'
69%
69%
*110
-
&
Miami
A;V. 300
*109%
"
Jan
Jan
Marl8v
168
2
Co_!—^.-1
Stores
Mesta
9,500
t
114
114
5
conv
Merch
;6,200
■
•28'%
69%
A
*86
■,
*120 j
*34%
35%
18%
*27%
109%
3
*23
23 V
87a;V".
>
38%
8%
109%
a
Jan
8%
27% Mar 26
Jan
—
A-'. 900
243a
%
6%
85
9%
22%
113%
;
"
86
37%
38 •%
,
32
1C9 %
.
6%
2%
*119
113%
113%
*113%
26%
68'%
A
V 19%
19
9%,'-,
*120
>120
ttr 37%
6,800
24
r
.
•'A. 300
••A." 400
8%
A'/
114
109
109
*80
19"-%
8%
88%
.a..
/
28%
114
A
>67%
6%
3
119
119
1,400
8%
26'%
24
*27%
; 114
67%
85
18%
•
•>,; lio >
34%
VA 32
8%
8%
23%
28 A
109
■
2%
23%
87%
88
119
v.:;
8%
23%
;
.
10%
23%
22%
22%
88
>118
.
3%
9%
>'
9%
A
31%
"
V
8'4 '
26%>A
6%
*82"'
19
26%
31%
*109
6
85
""
19
A.
114
:
110
A* 108
6%
..; 3
3%
8%
>
26%;
/
10
'
34%
31VaA ;
*26%
A-A
67
66%
'
,
34'.'2
A"V
34%
34%
4,800
V
73
28%
A
8% :
8%
■v
3%
Dec
Mar 11
37
Jan
preferred————100
Mead Corp
...No par
t$6 preferred series A——No par
f$5.50" pfd ser B W w!„V_-No par
Melville Shoe CorpA——/.--,-_l
Mengel Co (Th^)
1;'
5 % conv 1st preferred-.
50
'
*109
*82 A
19
18%
:
;
110
6
■VA.
85 ,ir:
*80
>;! 3,
..J
67
A:
*107%
110
8'a
8%
•
114%
114%
*109
*108%
*107%
28
28%;
6f/«
;
28%
*71%
VA'A
73
V
26 %
V:
23 %•;•
*26%
26% >27 >>
114'A 114%
115
115
,'v
>'
27%
27%
*71
Nov
4%
28% Apr
37
-.1
j.
-
preferred—-.;
McLellan
40
r
Elec
McKesson & Robbins Inc.-
2,200
A
85 '4
*83'4
85% '
x28%
29%
22%
8'A
8%
VA;-''-'.
2
f
17% May
3Va Sep
6% Mar
2
par
Mclntyre Porcupine Mines
f5% %
8
.165
±..N'o par
1
McGraw-Hill Pub Co—
5.100
10%
10
:
16%
10 A
*83%
3i%
a:
31%
22:,a
,.
29 Va
27
*30%
31%
23%
23
23
'
McGraw
;
A 200
,
lio
Co_i.-
'
;
1.700
A
5
11
21% Jan
,
McCrory Stores Corp__-_j-.,
!-_l
5% conv preferred——100
600
V
87a
8 7a
No
1,200
A
1
18% ■{
111
*108'%
110
1C8 Va
,
74
*71
7%'r'A V':"A;8,:-,;
34%
33%
*25%
8% '8%
8%
7%
.
29%
33%
V* >27%>
30%
32%.
32
%
*26
72 ;aa,;A
7%
i
10
85 a/'!.
*83%
A
29%
-
34 :■ /
*32
84 Va
70 >'■
7% > 8 »
f
33%
33%
29%
29%
29%
7%
70
108%
10
9% VA
9%
*83%
.
108%
108%'
*108
84%
70
>;
*82
*
..
18% Apr
'Jan
No par
preferred—
$3
2.300 >
■
47%
18%
8%
8%
A
■
16%
15
14% Mar 30
.23% Mar 29
10
A 900
:
f
■
10
9%
9%
83%
8%
8%
:
8%
8%
.
7
100
20 'A A: >46 1st cum preferred;.
McCall Stores Corp;
,
A
16'4 j
"
9
x6%
5% Mar 15
22 *' Jan
.;
par
preferred——
;7V#
100 ;
27%
111
A
.L.No
Maytag Co
14 V8
.
Ill V*
111%
A
Wks
Alkali
1,100
V. *46Va
A
18%
18%
113
*111
11
2
32
__1
4%
14 Va
48%
47%
a
18%
17%
17%
113
*111.
;
108%
*108
108%
*108
in
111
Jan
May
2%-. Jun
5
Feb
2
5
3% Jan
par
May Department Stores
14
14%
: 14%
19% Apr
Jan
par
_1 No
Co
1,300
*109'%". 111 Va i
24'/4 '24'4 <
«
Corp.No
Corp_____-.
Elec
Mathieson
130 1' /.
,
16
14% '
13%
24%
A
47 A
17%
18.
17%
17%
*108%
'v
*100%
>109'%, iii%>
111 Va
Jan
4%
5
974 Jan
9
;
1
Co
45 A.
•
>: 17%
•
> 167 VA'
*27
•
16%
16'A
a
*109%
111%
47
48%
•
300
44%
/.*4V8
27%
(Glenn L)
••'
■
28
"
167
*100%
16%
16%
13%
14
13%
*109%
„v;
i
Jan
27%
11% May
% Mar
Mar 24
10
.
Jan
13 >8
Dec
19
18% Jan
3,700 T
5% >
34
•
16
2
Martin
v -A 24
•
4%a
*4% V
!-5
3.% Jan
9,300
*27%
A
24%
45% %■'
101 AaV
101
*101?
16
14%
->
27%
*27
27
21% A
34 >•
'I
' "168AAA":
4% >
1% Jan
Market St Ry 6% pr preferred__100
Marshall Field & Co_!
-L.No par■
13.940
1
45
27% '
.27%
1
6,500
5 % '•
A
*160
44Vi
AA*4V>',
4%
27%
1.11%
48
168%./'
A
44%
8
21%
Nov
9%
;
6
5% Mar 25
2
13% V
•
35
-24%
.
•
i'.C\
44
13,700
'■
6'4 Jan
14'4 Jan
18.%
:
■V -V 27
Va •
28%
par
17%
,
•
14%
;
57a
•
■
1
5
Maris
320
1
Jan
'
21%.:'
21%
A
4%
47%.'
3% Jan
13%
A
A
13%
'
Mar 15
Jan
35%
2% May
72% Mar 26
4
„25
...No
Maracaibo Oil Exploration
Marine Midland Corp
>1,100
r
26% Apr
4
Jan
320 *
Jan
131
Dec
17% Apr
2
Jan
24-% Mar
23%
Dec
26%
10 A
21%
18%'
13%
--*34%-
*27»A
4%
>
,
27%
16
14% "
14%
-'.48
'-A
5%
35
- 24
;
*26%
4%
*101
16%"
16
.
-
,
17%
A
,
5% "•
A,. *34%
,
*160 -> 168
■
44%
*26lA •,
•:>;
*101
,
47/a
-
!.
Co__..___
•
20
—•.
Bros
Jan
19% Jan
....No par
No par
Co_-
sugar
Apr 15
122
28
-
par
Manhattan Shirt
l7/a
•
Coal
Mandel
100
18%
5Va
-
...No
Copper^-___———10
Manati
7,900
"
9%
:
1%
•
4%
■
23%
a
168
-"44%
.
5%
■
27%
27%
27%
24'A
•
:
4
■r
5%
34%
•1 27%..
44
>\:
5%
34 Va
Magma
20% Jan
.100 1
Inc__
Madison Sq Garden
,
Mahoning
*17%
-1%>V
"A.
"
5%
34%
28%
.*160
'.A
5%
34
*27
.
21%
-
v
18
17%
*33%
5%
.;
34
•i*.
21
*9
:
18%
1%
•
100
2,300 ;
10
Forbes.-
&
preferred--,-;.
Macy (R H) Co Inc;
3,900
1
••'•'•'
5 Va
5%
•
>•
'
'
>
•V
.
6%
Mack Trucks
320
*275
7 5%
*17%
i%.
13%
'
22
/>•'■ 9%, :a9%,">
18 Va
17
18
14
~
5'%.
.
9%
17%
A
1%
A
4%
4%
4%
17
13%
v
16%
13%
•/>
■■
■
11%
21%
A
320
1
5%
*9%
17%
*16%
i%
1%
%
5
9%
*9
: 18%
*17%
18%
*1%
9%
25
11%
■VA'.'
22
•'
?
5'a
4%
5%
v
9%
320
*275
A:
9,100
11% W
,
21 Va
Va
>
25 a:
36
*11%
*275 A
21
21%
.
35%
MacAndrews
900
35%
:
'25
24%
11%
J
*125
35%
"A "AA
24%
*11%
320
*275
#9
.1
5
24%
11%
21%
*21%
320
>275
330
A-"''.:
21%
24%
/ *11
'
27
27
*125
34% .'35%
33% A
24%
A
11%
>
22
*275
V
*11%,
26 :••"'
•
*125
■> 33%
24%
*11%
22
■A
*125
*128%
*128%1
26
15%
6%
Jun
32'A Feb
12%
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
Monday
Sitvrdny
$
* per share
I
share
t
per
Friday
Sales for
NEW YORK STOCK
Apr. 15
Apr. 16
the Week
EXCHANGE
15%
15%
41 Va
per
share
*15%
16
15%
42%
41%
18%
18%
300
24
100
41%
41
42%
38%
40'A
40
Va
18%
18 %
18%
18%
18%
18%
18%
19
19%
*9%
10
*9%
10%
10%
22 Va
23%
*21 Va
•
*9%
KM
KM
*21
*
106
96 Va
39%
41
b303/4
22 Va
*22 Va
95
95
96%
94%
*96
10
22%
*9Va
10'/a
24 Va
*22
2>%
94%
95
*96%
106
1 Va
1
1 Vo
1
3
3%
2%
3
%
%
'
23%
*27%
29
*27
172
'•
116
%,
" s/a
1.71%
116
*114
24 Va
*27
29
*26
174
*
24%
24 Va
*27
29%
]5
Jan
2%
Va
Jan
%
Oct
1
20% Jan
14
26
Jun
30%
Jan
5
100
Jan
5
,30
Mar 29
162% Jan
2
179
Apr
16
143
Mar
192
113
5
115% Mar 13
108
Mar
116% Sep
9% Jan
7
15% Apr
5
55
5
54
American Aviation—,—-—1
9% Jan
2
14% Apr
99% Apr
13
17% Apr
6
Feb
2
100
19% Apr
5
15
8
1.3%
1.3%
13
13%
9,100
99%
99 %
*98%
100
*98%
S9 Va
*98%
99%
50
13 Va
14%
14%
14%
15%
96,200
111%
111%
310
17%
18
17%
18%
*17%
18%
40
39%
40
39%
39%
38%
38%
*37
39 Va
Northern Central Ry Co__
50
91,%
100
7%
No par
107
Northwest Air LinesNo par
15Vs
Northwestern Telegraph—36
Norwaik Tire & Rubber-,—„-No par
x3%
Northern Pacific Ry—.—
70
5
5
4%
5
5V«
*41
43%
43%
*41
43%
*41.
43%
11%
*11%
11%
11%
11%
*11%
12
*11%
12
15
15%'
15%
16%
15»/a
16
16 %
17
16%
4%
5
*41
5
5
4%
43%
5
*41
1,800
Norwich Pharmacal Co
800
12
38%
6%
7%
7%
7%
7%
7%
1,100
18
18 Va
18%
18%
*18%
18'/a
4,300
Otis Elevator—
38%
39%
6 Va
6%
6%
7
6%
7
6%
83%
83 '/a
84%
85
*84%
85
*84%
83
83
83
6%
6"%
18%
18%
18 Va
7
.6%
7%
18%
7%
'
149
7
37%
6%
4,800
6%
'
110
85
*149
36%
*33%
36%
*33%
36
*33
36
57%
57%
57%
*57%
59
*57%
59
*58
62
57***4
56 %
57
*35
37%
*33%
37,
*55%
57 Va
*55%
56 %
56%
56%
,*149
151
56%
*149
151
56%
57
57%
56%
.
57%
;
40
Feb
Dec
Jan
11%
Nov
39
Apr
52%
39
Apr
53
Jan
9%
Dec
14
Jan
85%
Apr
,96
Jan
4%
Jan
8%
Apr
110 Va
Apr
17 Vb
8
,
31%
Jan
14
5% Mar 29
1
15
45
Apr
7
12% Mar 25
20
6
13
6
2
Apr
38
r
Jan
Jan
Nov
Sep
Dec
Mar
3%
Dec
Feb
7%
17'/a Mar 30
42% Apr
Mar
4
90
3% Jan
2
15% Jan
8
8% Apr
20% Apr
46
6%
34
Oct
Sep
10%
Jan
2 Va
151
38
59
17%
Dec
132
13
12
60% Mar 12
Jan
11% Mar
xl6%
54 Va Jan
Jan
Jun
8
57% Apr
Dec
79
4 Vs
Mar 19
22
Deo
6Va
Apr
Apr
Jan
12%
30%
Jan
Jan
2%
5
2
Apr
Jan
17
3
2
142
Jan
5
28% Jan 15
8
7% Mar
Jan
69
No par
Co—.—12.50
Glass
Owens-Illinois
6
3% Jan
100
tOutlet Co—
4,700
Jan
11% Jan
Outboard Marine & Mfg——-,—5
"lO
19
29 % Jan
No par
preferred
6%
110
151
151
*33 Va
151
149%
149
150
18%
17%
40%
40
Oliver Farm
2,800
40
40
39%
6%
6%
82%
39%
38%
39%
Jan
113
6% Mar
5
8 '
23%
Apr
Sep
'v/"E-:-; ir'S
o
Oil
Ohio
45.600
17%
6
2
2
,
Mar 16
Jan
31
2.50
Co!——
„—No par
Equip—
No par
Omnibus Corp (The)
:——fl
8% preferred A
—100
Oppenheim Collins—
No par
16%
17%
Jan
Jan
Jan
•' Apr
8% Jan
——..——50
Preferred
43%
12
Pow $5 pfd
tNor States
'
11%
preferred series
preferred series
North
2,100
15%
49% Jan
48% Jan
13
17%
19
50
50
12%
17
Jan
Mar 29
—10
North American Co
12%
18
23
preferred———100
5%%
17
4%
Jan
%
6%
17%
*41
aa
1
3,100
17%
*39 Va
1
2,200
111
Jan
3
53
110%
54
Mar
15%
110%
Feb
Dec
1% Mar
54
110%
23%
6
53
110
15
2% Mar
14%
111
Feb
Feb
4
54
*110
Dec
110
109
4
54
1.5%'
80
2
54
111
45
60 %
27
Dec
May
16
Jan
% Jan
15%
15
6
Jan
^ Jan
53%
15 V8
28Va Jan
,
16%
Apr
1% Jan
preferred—
tAdjust 4%
;
105
May
12%
Apr
101
22
Feb
Dec
100
Noblitt-Sparks Indus Inc—
tNorfolk & Western Ry
51,100
7
Jan
4
Feb
-—100
1,180
'
63 Va Jan
101
Co_—L—100
Shipbldg Corp part stk
110%
40
—50
—50
N Y
110%
•39%
8
3,200
Y
53%
12 Va
-
Apr
46
Ontario & Western——100
Conv
14 %r
13%
157/a
8
25
tN Y N H & Hartford
54
'
100
11% Apr
2
fN
15 Va
54
15%
16% Jan
1,500
54%
14 %
54%
53%
Jan
4
7,800
11.6
10'A
6% Jan
6,500
179
178 %
*115
1
par
•' '%,
29
*27
29
177
178%
►114% 116
5
5
24
23%
24%
Apr
27
1%
,
17%
51
14% Jan
3%
%
54
13%
*53%
54
14%
1
3%
%
Jun
Dec
No
|N Y Lack & West Ry
53%
14%
54 %
53 %
*99%
1 Va
3%
11 %
35
Apr
31% Jan
preferred
share
6
18
„—No par
non-cum
Highest
I per
I per share
20% Apr
27
100
Harlem RR Co
&
10 %
Jan
par
Corp
Dock—
preferred
14%
14%
53 Va
,12%
1
177
53%
15
*41%
40%
3%
Vs
3%
116
53%
12%
130
174%
14%
100
42
*114%
53%
12%
40%
N Y
20
40
5%
11
1942
Lowest
S per share
No
Omnibus
York
New
S per share
100
preferred series A
NYC
740
105
175
53%
14%
101
116
13 %
*99%
99
105
% v.':-. %
-v
24%
23%
29%
172
1
■
.
24%
*114%
173%
*114
%
%
;
24%
23%
3 Va
'
93
105
1
1
1 Va
3%
•'
■
39%
39%
*39%
39%
1
95%
*96%
95%
*96
3
*
105
*95
1.06
%
23%
6 %
1,800
10%
N Y Chic & St. Louis Co
10,900
19%
40%
'
Par
5,300
41 %
41
Year
Range Since January 1
Lowest
Highest
Shares
1
$ per share
share
15
14%
Range for Previous
Thursday
Apr. 14
share
per
13%
15%
14 Va
15
14V2
per
AND
Apr. 13
Apr. 12
Apr. 10
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
LOW
Monday, April 19, 1943
Mar
143 Va
Apr
27%
42
Jun
48
43'/*
Apr
57%
Dec
8%
Jan
Sep
Dec
Mar
p
11%
11%
11%
11%
1,400
Pacific Amer Fisheries Ino
*9%
10
10%
10%
9%
10
10 VB
11%
10%
11 Va
10%
11%
3,400
Pacific
36%
36%
36%
36 Va
36 %
37
38
39%
39%
40
40
40
%
790
19
19
18%
19 Va
18%
19%
20
21%
:
21
22
21 VB
21%
1,610
*12
12%
12%
12%
*12%
13
V
'' *12%
13
12%
12%
27
28%
28%
23 'A
*40
10%
10%
11%
11
11%
11'/a
■'r
11%
*12%
13
27 Va
27%
28
27%
273/4
40 Va
40
40%
40
40
*40 Vb
40 Va
24
24
23%
24 %
22%
23
24
243/4
97%
97%
97%
98
*97
98
98
98
153%
154
*153
154
*153
■/
154
153
153
40%
40%
25
25 V4
98%
33/4
3%
3 3/4
15%
15%
16%
3
%'
V
Mar 25
Mar 26
40 % Apr
16
14'A Jan
13
22
Apr
15
10
15
16% Jan
20
(Cal)——_._10
Electric—
Mar
Pacific
Gas
_25
23% Jan
5
Ltg
Corp———No
par
33
Jan
4
40% Apr
Pacific
Mills———No
par
19
Jan
2
27
& Teleg———100
preferred
100
91
Va Jan 25
100
&
tPacific Telep
240
t6 %
130
148
.
Pacific Tin Consol'd Corp
10,400
3%
33/4
13
12
Pacific
154
*153
154
*153
2
5
5
3,300
98%
98%
Pacific Finance Corp
7% Jan
6% Jan
23 Va Jan
1,000
25%
*97%
2d
200
5
10
No par
No par
—,—
2,600
40%
25
Co
Coast
preferred—
preferred———.
1st
—1
Jan
5
3 Vb Jan
Mar 26
4%
Apr
6%
Apr
25%
Oct
9 %
Apr
16
Oct
7
Jan
21
Nov
15%
Oct
Apr
24 V*
Nov
16
22%
Apr
34
Nov
Mar 25
13%
Jan
19
5
74
Apr
101
Jan
154% Mar 29
121
148 Va
Nov
4
Nov
2
9
29
6% Mar
16
4
Mar
4% Mar
8
Apr
1% Mar
Oct
"
4%
28%
29 %
*8%
9%
*8%
110 Va
110%
HOVa
101
*96%
22
110%
2
42
101%
'101
22
22%
*20
4%
4%
4%
4%
26
26%
5,700
56 V4
57
90 y4
90 Va
4%
253/4
*55%
5%
5%
5 %
39%
-
2%
17%
*16%
17%
*16 %
5%
5%
5%
3
2%
38%
39%
39
•
5%
3
2%
3
2%.
39
88%
38%
39%
*16%
17%'
*16%
26%
26%
26%
*56
■
90%
89%
2%
17
17%
40
17
40
*16%
Davis
Parmelee
Penick
Penn-Dixie
1,300
100
&
Jan
101
Sep
106 Va
Dec
1
Jan
Apr
2% Mar
3
4
42% Apr
6
Jan
28
22
12
24% Mar 30
9
20%
2%
Oct
Apr
38
Dec
Mar
101
Nov
173 Va Mar 30
Mar
102
90
11%
Apr
17 Va
Oct
17
Jan
24% Apr
5
14%
Oct
2% Apr
8
1 Vb
Jan
2%
7
29% Mar
8
19 Va
Apr
29%
16
Jan
7
18% Mar 30
13 %
Aug
17% Mar
1% Jan
5
23
10
$7 conv pref ser A
Penn G1 Sand Corp
17%
Coal
Coke
Penn
1,900
8%
2
par
2,200
Dec
22
Corp
Jan
:55% Apr
80
No par
—
2%
6%
Oct
l'/ftJan
Ford——-——No
6
Dec
27 Va Jan
par
Co-
27
17% Jan
No
(J C)
Apr
15% Jan
—2.50
.
Transportation
&
Penney
11%
1
Palino Mines & Enterprises
700
2,400
Oct
5
par
.——No
Proof Co
Parker Rust
3
Jan
138
1
Co
&
9
Jan
112
2
100
Jan
1%
9% Mar 17
12
2
1943—100
Inc
Tllford
&
2
Jan
35% Jan
A
10,
Utah Consol Mines
Parke
40%
2%
3
393/4
,
39%
6
6
5%
5%
3
*
56%
90
57
Ino
Pictures
pfd called May
Park
11,200
4VB
105% Jan
par
5 Vb
8
32% Apr
16
100
Park
24%
No
preferred
conv
1st
Inc—.
Cos
Paramount
400
43/8
3%
55%
36,000
4%
200
4%
25%
24 Va
170
173/4
3%
89
20
*17 V4
4%
55 %
101%
17%
4%
24%
*21
7% Jan
Paraffine
*17 Va
*17 Va
88%
243/4
5
Transp—
6
Apr
5
20
fPanhandle East P L 5.60% pfd_.100
Panhandle Prod & Ref
1
173/4
17 Vb
■
&
23 Va Jan
17% Apr
2
750
4,800
17 Va
25%
*167
Petrol
2% Jan
5
American Airways Corp..
Pan-Amer
Jan
par
1,000
11,200
17%
90%
233/4
23%
165%
No
6,200
2%
17%
56%
*101
101% r'
—10
.
4
2%
42
283/8
17 %
25%
42
■,
Corp
Car
1113/4
2Vt
2%
42
2Va
Va
56%
IIIV4
1113/4
Va
*21
2%
89%
100
23
28 Va
25%
9%
*9
9%
28 VB
2VB
28%
56%
Pan
2%
2 Vs
28%
88 Va
20,300
28%
2 Va
x28 Vb
56 %
29%
214
2Vi
28%
25 %
29%
28 Vs
2Va
28%
87%
30%
165%
243/4
2Vv
28%
-
54,400
2
160 Va
2 Va
*
4%
*101
28 y*
:
4%
41%
22%
24% '
*20
2 %
*156%
Vb
4%
111
101
156
Pacific Western Oil
2,800
17/
Packard Motor
*9
42
21%
24%
*20
24%
110% : 111%
■
2 VB
*153
159%
v.'
9%
41%
*101
23
22
159%
111
163/4
29%
30
2%
101
22'/a
9 Va
163/4
4%
4%
40%
2Va
43
*96%
Va
160
*20
110%
29
9%
*8%
*41%
43
4%
29%
28
Va
9
2
2 Va
2
*41
29%
29
4%
4%
4%
4%
4%
*17
/ V"
28%
40%
3%
15
15
15
15 Va
15
*155
28
Va
15%
3%
3%
3%
37/a
3%
27 %
*11
Jan
10
par
No
par
12
13
11
1% Jan
33% Jan
28 Vb Mar 30
:
13%
60 Va Mar
1%
44
Apr
56% May
4
90 Va Apr
15
5
1%
3% Mar 26
44
13% Jan
No par
A Mar
2
6% Apr
3% Jan
-No
Cement
5% Apr
Mar 26
17% Mar 26
Jan
29%
Jan
Dec
Nov
Oct
60
Dec
82
Dec
4
Sep
Jan
2
Jan
Jun
1 Vb
32
44
Jan
15
Aug
Apr
11
May
104
May
108%
Feb
Jan
25%
Nov
16% July
23%
Jan
36
Apr
47%
Jan
2%
'
'
*109 Va
*109Va
*109%
*109 %
■'■■■
29%
29%
30 Va
28%
29
21%
21%
21%
21 Va
21%
49%
50%
*48%
51
50%
51
*4%
4%
4%
4%
29 Va '
*21
—~-
283/4
29
21 Va
— —
21 Va
"
*49 V4
29%
29%
213/4
21%
50%
4%
51%
*503/4
513/4
*4%
;
5%
*43/4
5%
41
■
40%
42%
39
40%
40'%
41%
11 %
12 V*
12
13
10%
12 VB
12
123/s
12%
*44%
46 Va
46%
44
44
45
45 %
46
46
36%
36%
38
34%
35
35%
35%
36%
36%
24%
24%
*24 VA
24%
25
•T:, 35
200
900
273/8
26 %
263/4
20,300
443/4
443/4
45
8%
8%
9%
%
6 Va
63/4
*6%
6%
26 Va
26 Va
26%
26%
26
26%
263/B
27 Vb
26%
44
44
44
44%
*44
44%
*44
443/4
44%
86
*83 Va
85%.
*84
85%
*84
86
19%
20%
20%
21V4
75%.
76 Va
7 6 Va
75%
21
21
76
*105
107
110
110
*109
.
11%
47 '/a
*9%
91%
*9%
*85%
*85%
47%
48
110%
*109
*84
.■■■.
22%
14,800
77%
773/4
1,400
107 %
107%
107 Va
106%
1063/4
110%
*107%
1103/4
110
110
,
.
*109
-./K
*9%
11
*10
10%
*10
11
91%
*85 V*
91%
*85%
91%
*85%
91%
47 Vb
47%
47%
483/4
48%
49%
49 V8
493/4
4%
4%
43/4
4%
4%
4%
5Va
4%
*4
;
Peoples Drug Stores Inc——
5
17% Feb
(Chic)———100
46% Jan
Peoples G L & C C
IPeoria & Eastern Ry Co———100
Pepsi-Cola
.
■
9,200
■
Co
3
32% Apr
5
18%
9
23
3
9
52% Mar 23
prior preferred-:
preferred
28'/eJan
No
Pfelffer
par
Corp of America
5
/%
%
;
6
44% Apr
5
6
14% Apr
5
4
18
51% Apr
5
36
Apr
51%
Feb
19
'
6
27
40
Apr
5
18
May
29%
Jan
23
Feb 20
6'A Jan
4
25
Jan
4
19%
Jan
9% Apr
Jan
5% Jan 12
15% Mar
Jun
Jtin
27%
Apr
6%
5
Mar
22
tPhiladelphia Co 6% preferred
50
t$6 preferred——„——No par
Philco
Corp——A
_3
37
4
46 % Apr
28
13% Jan
14
22% Apr
Philip Morris & Co Ltd
10
•(•Preferred 4%% series——100
71
Feb
20
82
Jan
106% Apr
7
108'% Mar
2
109 % Jan
7
113'% Feb
27
12
Jan
29
92
Mar 15
t4% %
series——100
Phillips Jones Corp——
7% preferred——
Phillips Petroleum
Pnoenix
400
No
par
_100
No
Pillsbury Flour Mills—
Hosiery—...
par
5
Jan
68% Jan
7% Feb
79% Jan
2
17
5
86
Apr
6
Jan
Dec
Jan
Dec.
32%
Jan
Va
Apr
40%
Jan
Apr
76%
Jan
5
7%
Jun
Xl4%
Dec
4
55%
Apr
79
Dec
98
May
107
Va Mar
103
Jun
110
Nov
9
Jan
6
8
Jan
20
49% Apr
1
3 Va Jan
16
5% Apr
8
44
7%
4
29% Mar 29
Oct
Dee
15
8
25
30
6% Mar 30
23% Jan
Phelphs-Dodge Corp——
Dec
Apr
34% Feb
par
Brewing Co———No
Petroleum
6
Apr
5Va Jan
100
.
:
Pet Milk Co
4
_100
.
1% Feb
—1
—
Ry Co
800
'
Feb
109
100
—
Pere Marquette
60
*85%
*9%
470
110
10%
v
40
21%
77%
Xl06%
11
/
85
223/g
76%
107
;
853/4
85
21%
76
91%
48
4%
4%
4%
106%
107
107
340
■
>"
22 y4
75%
19%
75
.
Feb
50
5%
15,400
8%
6
109
100
—
RR——
Pennsylvania
5%
6%
8%
6 Va
preferred
23 % Jan
800
35%
9%
8%
6%
'■
2,100
45
24%
*24 %
8%
6 Va
*84
7,100
6%
243/4
8%
6%
*
23,300
9'/4
*24%
8 Va
6 %
:L\
'
24%
25%
8 Va
*24%
700
12%
*44
45 Va
36
1,100
'
41
3.2%
13 Vs
700
'
403/4
42
41
37,900
'
•
5%
i
.1
21%
39%
•'■V
/'
—
29%
21%
51 %
4%
*109%
29
Vb
4%
4%
'
'
*109%
'*
49
6% May
65
May
80
Oct
30
Apr
46
Dec
1%
Feb '
3%
Dec
'
*82 %
*82Va
85%
*23%
*23%
23%
85%
f
,
14V4
*102'/a
112
*102%
4%
5
4%
4
48%
49
47%
48%
7%
7%
7%
*68 Va
70
70
*11%
*11%
11%
*82%
*23
112
*102%
7/8
85%
*82%
233/8
*102 Va
4%
4%
47
.
,
233/4
112
5
7
483/4
49%
11%
8
8
8
*70
7%
70
71
70
113/4
11%
12%
85%
*82%
23%
23%
112
*102%
5
'
50%
8%
71
5
50%
83/8
*70
12%
11%
85%
*82%
233/4
*23 Vb
112
*102%
5
.>
51%
8%
72
5
51%
8%
*70%
12%
".V-
113/4
85%
-1
v.
23%
v
Preferred
•'
2,200
5
52 %
1,400
175
*155
175
*155
175
*155
175
*155
175
*155
1,500
175
185
*178
185
*178
185
*178
185
*178
185
*178
Mar 29
25
Apr
1
8
102
Jan
8
100
3% Feb
8
100
34% Jan
25
Pittsburgh Coal of Pa
6%
preferred—
—
Coke & Iron Corp.
Pitts
Pitts Ft Way &
7ft
Jan
18 % Jan
18
6
Jan
25
9
Jan
14
71
1
Chic Ry Co
9% Feb
4
5%
5%
6
5%
5%
3,100
Pitts Screw & Bolt—
No par
4
Jan
4
8
8%
9
9
8
8%
83/4
83/4
*8%
9
9
9
3,200
Pittsburgh Steel Co—
No par
4% Jan
13
*73%
78
*76
80
79
*73 Vb
77
76%
77
*73%
78
37%
39
40
38%
38%
38%
40%
39
393/4
38%
70 Va
70
70
69%
693/4
70
70
693/4
70
14%
14 Va
13
13%
13%
14
14%
143/a
14%
14%
*152
*152
♦152
3%
3%
3%
*152
-
~3%
*3%
3%
•
*33A
3%
38%
■
*152
3%
—
'
3 3/4
37%
38
37 Va
37%
38%
38%
40%
30
30
*30 Va
31
30
30
30%
31
31 Vs
31%
18%
19
18%
19 Va
18%
18%
19
19 %
*21%
22
22
22
22
22
22
7%
8
*37
37%
7Va
18%
18%
18%
*20%
7%
7%
19
18 Va
7%
7-%
18%
1838
7%
19%
19%
*20
8%
18%
20
22
8%
I934
9%
10 Va
9%
9%
9%
10%
10%
10%
10
♦9%
10%
*9%
10%
*9%
10%
10%
10%
*32
33%
32%
32%
31
31
34
34
55
55 Va
55 Va
551%
54%
55%
55%
55%
9%
*9%
115
9%
115
15%
85 Va
100
116
16
84%
85%
85
86
99%
100%
98
99%
85 Va
100
123%
124
116
15 Vb
16%
108
116
16%
16 %
108
116
107%
124
108%
108%
108%
123%
123%
*116%
117%
*116%
117%
*116%
1173/a
32 Va
32'/a
32%
32%
31%
32%
For
footnotes
see
124
page
1435.
.
*33
55%
116%
35
55%
1163/4
16
16%
84 Vb
85%
x98
107%
1243i
*116
32 %
*117
16%
83%
118%
16%
84 Va
14%
*152
3 5/8
40%
32
3.9%
*20
8 3/a
18
10%
*10
33%
55%
*117
16%
82 3/8
98%
06
108%
106
108
104
97%
95%
1,640
.
310
•
5 ft
Pittsburgh <fc West Va__
1,100
Pittston
Pitts
' /
3%
43
1,190
32
160
;
20%
3,200
Co.
Class
A
B
preferred
21%
300
838
5,900
Poor
4,900
Postal Teleg Inc
\
18%
103/a
11,800
10%
100
34
500
&
Pressed
conv
4,700
240
16%
17,800
83%
1,450
t$5
96%
1,660
t6%
610
200
1243/4
122
123 Va
119%
122
117%
116%
116%
117%
117%
60
32%
32%
33%
325/s
33%
16,700
,
5fr
&
pfd
t7%
6% Apr
6
3%
Apr
6
4
Jan
May
6%
Jan
Apr
6
47 Va
Apr
62
Oct
Apr
1
20
Jun
33%
Jan
Mar 31
58
Jun
70
Feb
8
29
Jan
30
20
Jan
28
—5
No
14% Jan
2
par
18
Jan
18
4
Jan
7
3
of Feb 1 '29)
22 Va Mar
6% Jan
6
11% Apr
5
6% Jan
14
11% Apr
5
50
No
5
1
2d preferred—
Gamble
16% Mar 29
150Va Jan
4
4% Apr
1
43
Apr 16
32
Apr 16
21
Apr
3
23'A Apr
5
9'A Apr
1
5
Inc
preferred
preferred.
Feb
5%
75
4
preferred—-No
preferred
Feb
Dec
82
—100
preferred—
Nov
43
No par
Co
10
10%
5
—100
Pub Serv Corp of N J
t8%
175
Apr
4
2
«.
Car
iser
165
May
7%
13
1% Jan
1st preferred
5fe
Procter
55%
118%
105
Steel
conv
Feb
165
Jan
7% Jan
Co class B
5%
165
Jan
Jan
150% Jan
Pocahontas
Creek
Pond
Jan
68
59% Jan
100
preferred--
Class
Oct
6%
'•*,
24
pfd—100
(The)—
Plymouth Oil Co
38%
6
Dec
66
—_i
Young to Ash Ry 7%
Apr
4% July
100
100
1st ser conv pr pfd
5%%
1,800
14 "A
.'—
:
Sep
100
preferred class B
preferred class A
7 ft
10
39
69%
4%
9
170
178
53/4
Oct
May
6
9
21
53/4
19%
26%
56%
Nov
Jan
Apr
Jan
Jan
5%
3
65
May
13% Apr
Jan
170
.175
5%
70
Mar 30
15%
14
100
5%
70
Mar 30
43
Apr
100
preferred
5%
37
55
5
59
5%
*75
5% Mar 25
No par
Pittsburgh Forgings Co—
185
70
102
No par
$5 conv preferred
40
:
113/4
*155
86
4
Jan
—100
—
100
4.700
8%
72
*178
—
Pitts C C & St Louis Ry Co
112
24% Jan
4
par
48% Jan
4
par
17% Jan
37
Apr
2
55% Feb 24
Feb
13
17% Apr
5
123
6 Vb
153
Jun
July
10%
153
Jan
July
11%
Jun
14%
15%
Jun
18%
Oct
3 % May
5%
Jan
Jan
9 Va
Jan
5%
Jun
8%
Jan
6% July
22 Va Jun
8%
Jan
29 %
Jan
42
Feb
115
Feb
21
52%
122
Sep
Oct
100
114% Apr
7
No par
11% Jan
6
par
76% Jan
20
88 % Apr
5
62
Mar
86%
Jan
100
85% Jan
2
101 % Apr
6
73 % Mar
x99%
Jan
5
79% Mar
111
Jan
6
99
No
100
96% Jan
4
110% Apr
100
109Va Jan
4
126Va Apr
No par
116 Vs Feb
4
119
26% Jan
2
tPub Ser El & Gas pfd $5
Pullman Inc
No par
9%
Jun
14%
Mar
123
Mar 30
111% Mar
116
35% Mar 31
20% July
28%
Oct
Jan
Jan
Oct
Nov
Volume
Number
157
4169
THE COMMERCIAL & FINANCIAL
NEW YORK STOCK
LOW AND
Saturday
Monday
Apr. 10
15
S
15*0
10614
per
Tuesday
share
15%
SALE
«
15%
Apr. 11
I per
per share
15 Va
15%
*12%
105%
97%
97%
*96
97%
97%
16%
16%
*16%
16 Va
16%
16%
>104
107
106
share
per
16%
98%
3 6%
106
Apr. 16
I
16%
98 %
16%
Friday
Apr. 15
10614
98
STOCKS
Thursday
,1
share
16
106
*106
S
17
share
per
for
NEW
the Week
16%
107
*97%
Sales
YORK
17%
Par
Pure
44,700
Oil
(The)
98%
98%
800
6%
1,200
5%
conv
16 34
1,100
*12%
9 %
13
9
66%
2
*12%
13
12%
"7%
82
26
*12%
12%
12%
9%'
"7%
13
10
66%
*12%
*25 %
83%
25
10%
66
13
8
9%
66 %
>100%
7%
82 Va
82
26%
10 Va
66.
♦100%
7 Va
82
26
13
9%
66 Va
>100%
7%
83
.25%
8%
65%
67
noo\y
*"7%
82
9%
66%
"100%
7 la
100
preferred
700
7%
10%
66
.
184,900
66
*100%
101
8%
7%
7%
21,300
84%
85
26%
26%
26%
26%
26%
12%
12%
1234
12%
1,060
28%
2 8 34
28%
300
19%
19
33
19%
33
19%
193/4
*32
5,800
33%
*32
33%
*32
33%
*32
33%
27%
28
*31%
33%
100
A%
*27%
28%
*27%
1st preferred.,
28%
*28
28%
*28
29
*28%
29
200
4%
2d preferred
4%
20
*4%
76
5%
*72
31%
9
4%
76
33%
*72
31%
9%
*8%
8%
8%
8%
18%
*18%
19%
18%
18%
*75
55%
55
:
9%
17
17
i
85
8%
8
95
*82
7%
8%.
75
75
*53%
53%
53%
54%
54%
54%
540
9%
9%
97/a
9%
97/s
2,700
9
16%
8
8 Va
8Va
8%
*93%
94%
*93%
68
*66%
69
91 Va
91 Va
*90%
9%
9%
91
9%
9'4
9%
27%
27%
27%
3514
35%
9%
15%
49%
34
"
'
1
17 V*
15%
15%
8 >4
8V4
*8%
Va
15%
34
*7%
109
*5%
6
9
*7
38%
109
1
%
*
39
110
109%
6
Va
38%
*109%
7
110%
31%
33
31%
32%
4014
*39'4
4014
*39%
40%
110%
1
11%
35%
*
8,100
35%
22,400
>100
40%
101
40%
113
112
112%
*111
113
*112
113
113
113
112%
*110
112%
110
110
*108
110
♦108
110
*108
110
20
%
20
*2%
A
3
1%
1%
21%
20%
3
13%
3
67
,
68
13%
%
iff
1%
67
13%
%
■
21 Va
21
66%
■.
2%
67
1414
1%
*1%
21
2%
13%
12%
13%
12%
64%
64%
13%
8%
14
13%
13%
38%
*37
38%
21%
22
22%
4%
4 %
4V4
22%
22%
23%
22
■
*1%
1%
*25
*1%,
*37
21%
4
22
,
1%
*1%
38
22%
23%
36%
37%
117
114
*113
26%
26%
115
8%
37%
23
25%
38
38
24%
4%
;/•: 4%
23%
23%
24%
23%
1%
*1%
1%
15
9
43
Apr 13
107% Jan 23
115
114
114
*113
No
2,000
31,369
4%
114
27
*
—.No
Shell
Union
Jan
12%
Apr
21%
Dec
101 % Apr
8
78
Feo
1
25 Va
115
Feb
16
112
Mar 23
3% Mar
59% Jan
12
71% Apr
10 Va Jan
13
15
Jan
4
66
8% Jan
Apr
20
14% Apr
7
71% Mar
5% Jan
8
9% Mar
Pen CoNo par
31% Jan
par
6
Dec
Dec
60
Jan
8
4%
Apr
1
64%
Apr
15
41% Mar 17
30% May
35
14
25
Apr
7
10 V8
Apr
18%
2% Jan
5
5
Apr
7
2V8
Jun
4%
—No par
16 Va Jan
Simms
Petroleum
,10
—
Simonds Saw & Steel
500
A
1% Jan
21
——No par
25% Mar 31
Skelly Oil Co__
1% Feb
18
Jan
26
Feb
28% Jan
1,490
tSloss-Sheffield
16
42
Mar 30
4
Steel
Iron—100
77
Jan
126% Apr
No par
&
111
Jan
118
19
Jan
t$6 preferred
Smith
2,000
.
(A O)
Corp
10
Mar
30% Mar 30
20
20
1,600
Smith & Cor Type v t c
No par
15% Jan
2
20% Mar 30
27 Va
26%
27%
5,600
Snider
12%
4
12%
12%
12%
12%
13
12 5/8
49,900
3%
No par
15
16VaJan
4
Packing Corp—
Socony Vacuum Oil Co Inc,
10% Jan
2
28% Apr
13% Apr
414
4 Va
17,600
South Am Gold & Platinum
1
2 % Jan
2
24%
18%
*18%
24
23%
24
24%
13
24%
12%
13%
13
13%
12%
22%
23 Va
23 Va
25%
23%
25%
12%
*12%
22%
23%
22%
23%
20%
271a
24%
22 \
25%
27%
24%
44%
44
45%
41%
5914
59%
57
57%
4%
4%
4%
;
44%
59%
25
25%
44%
59%
;
V
*3%
3%
38%
38%
*3814
40
26%
26%
*26
31%
32%
4%
26%
3%
V" 3%
24%
26 Va
44%
5
5
*3%
4
*38%
40
*26
27
36
*35%
36%
58
*57
58
32
v
3,700
13%
2,500
24%
161,500
26%
77,300
45
12,100
4
*38%
*60
5%
4%
4
*3%
490
61%
5
7,300
4
200
36%
.
*57
40
*38%
40
20
27
27
*26 34
27
200
32%
32 Va
32%
33
35%
*36%
57%
57
32
32%
7,700
37%
*36%
37 %
z,
57
*56%
57%
40
53/a
15,200
300
5%
4%
44%
45
45
45 Va
45%
45%
46
46%
47
47%
47
34%
34%
48 34
34%
1,000
34%
34%
34%
35
35%
35%
35%
35%
35%
1,500
*112
120
♦112
120
*112
5
120
5
\
51%
51%
113%
113%
*113%
6%
6%
6%
6%
6%
6%
*107%
107%
107%
107%
107%
107%
%
lVa
%
3
*112
1
2%
1
*51
:
.
52%
115
*51
52 Va
*113%
.
2%
2%
22
22%
23%
24%
23
25%
2614
27%
28%
26%
2%
33
33%
3
■
5%
*112
52%
*112%
.
5%
120
*51
115
6%
120
5%
*112
120
6%
52
52
52
200
114
107%
114
114
114
80
6%
*107
Sugar,,,:
preferred
8%
Southern
California
-No par
100
67/a
108%
6 34
*107%
6%
29,800
108 3/a
300
I
3
3
tfs
3%
1
14,300
2%
3Va
12,200
23%
23%
24%
23
24
22%
23%
5,600
28%
28%
28%
27%
28%
27%
28%
44,600
Southern
5%
Sparks Withington
Spear & Co
$5.50
Sperry Corp
Spiegel
Inc
Standard
$4.50
Brands
39
Jan
50% Mar
5% Apr
1%
Apr
1%
Nov
33%
34V4
J 6 cum prior
preferred—
$7 cum prior preferred
35%
25.200
32 Va
II,500
Standard Oil of Indiana
52
41%
41%
53
*41%
42
30,300
42
42%
42
42
42%
*28%
28%
29%
42%
43
28%
29
29
29%
29
29
28
62%
62 %
28
62%
62%
62%.
62%
63
63
62%
63
63
10%
6334
10%
10 Va
10%
10%
10%
10 %.
II
10%
7%
6%
7 Va
7 Va
7%
7%
6%
16%
16%
16%
2%
2%
2%
2%
70
7014
26%
*23
30
*9
*66
26%
10
24%
*28
24%
For
footnotes
7%
7%
1,700
800
4
26
11 %
9,800
9,400
9%
9%
9%
8%
93/3
19,300
Stone
10%
10%
10%
10%
10%
36,900
Studebaker Corp
60
59%
60
124
*122%
124
6
61
♦121%
61
124
60
*121%
6%
6%
6%
8,700
17%
17 %
17%
2,300
17 Va
17%
2%
2%
2%
2%
2%
69
24%
26%
30
*28
29%
50
6%
16%
69
2,000
6%
16%
69%
60
124
Va
16%
28
*68%
26 %
*28
3
70
27%
2%
3
7,300
70%
.
71
71 %
71%
900
28
29
28
28%
5,800
*28
29%
*28
29%
10%
1
10
10
*9%
10%
10
10
*9%
300
24%
10%
25
24%
24%
24%
24%
24%
24%
24%
24%
7,200
1435.
v 4 Va
Apr
40% Mar 29
27% Apr
7
Oct
3
Aug
3%
Feb
31
Dec
59
July
17%
Apr
24
Nov
Dec
31%
2
35% Mar 15
21%
32% Jan
18
39% Apr
1
30
Sep
37
Mar
9
59% Jan
26
49
Mar
60
Jan
3
Jan
Jan
2
6
Jan
8
2%
Sep
4 Va
35% Jan
7
Sep
45 Va
Jan
Jan
6
48% Apr 16
37% Mar 12
29%
33
Jun
38%
Jan
109
Jan
28
110% Mar 10
27%
108
Apr
Mar 26
Dec
114
Jan
Feb
10
Feb
17
Feb
par
4% Jan
2
100% Jan
7
*» Jan
1 % Jan
No par
9
7 % Apr
8
Mar
18
40% Apr
109% Aug
::
2% Apr
89 % May
2% Mar 13
49
113
29%
No
Sep
%
2 Va
Oci
11%
Jan
6
Apr
May
Apr
1314
Jan
18
Mar
52
114% Mar 22
110
49%
Jan
113
Jan
5
Jan
110
Jan
Webster
&
28 Va Jan
25
25
A
37 % Jan
Paper Co
Sweets Co of Amer (The)
Si
Co
Dec
Apr
29
Dec
30%
Apr
Apr
47
Dec
40
Nov
25%
31 Va Mar 31
22%
Dec
34% Jan
65% Mar 30
42
Apr
62
7 Va Jan
12
12
4% Jan
2
Jan
par
5% Jan
5% Jan
5
5%
8
3 Va Mar
4%
Jan
4
Apr
6%
Nov
3%
Jan
5
11% Apr
8
63% Mar 30
48% Jan
Jan
4
7% Apr
1
127
122
Apr
3% Jan
par
12% Jan
18% Mar 26
.1
1% Jan
3 Va Mar 31
—,25
100
58% Feb
23
14% Jan
20
10
26% Jan
4
12 Va
4% Feb
1
100
No
^
25
Dec
Apr
7% Apr
9% Apr
100
cum)
Mining Co
Superheater Co (The)
Superior Oil Corp,,.,
Superior Oil of Calif
Superior Steel Corp
Swm
44% Mar 31
29%
20
26
25
1
No
_
Sunshine
Sutherland
8
5
1
—
(The)
(4%%
14
8
Ot
60% Jan
10
No par
nfd
6 ya
33% Apr
54 Va Apr
28% Jan
46 Va Jan
—_No par
Sun Oil Co
Class
par
%
8
28% Apr
35% Apr
10% Jan
—25
13
Apr
6% Mar
25"
Jan
5
L S
Corp
Stokely Bros & Co Inc
8%
6%
.
12% May
24% Jan
Stewart-Warner
7%
10 Va
*121%
Calif
(The)
8%
6
:
57
Sterling Drug Inc
10 Va
'
page
Starrett Co
of
2.300
10%
see
Oil
9%
59%
16%
26
*42
Standard
8%
122%
6
Jan
21% Jan
Standard Oil of New Jersey
Standard Oil of Ohio
6
2% Jan
6
33
No par
34%
122
2% Jan
No par
$4 preferred
3134
614
Feb
Jun
34%
No par
Standard Gas & El Co
35%
124
18%
23%
Apr
No par
5234
6 Va
Jan
Nov
Apr
No
preferred
32%
>122%
12 Va
18 Va
30% Apr
No par
31%
9
Apr
Jun
66
15% Jan
No par
52
10%
9%
10
100
34%
60
8
26 Va Apr
1
31%
8%
13% Apr
7
Jan
Nov
49
2
52%
60
13
21 Va
9
-No par
31%
10
Apr
2
—
tConv $4.50 preferred
Square D Co
5% conv preferred
Squibb (E R) & Sons
$5 pref series A
51%
10%
14 Va
144% Jan
12
—1
31%
60
Apr
6
No par
51%
9%
15%
No par
30%
60
14
35% Jan
(The)
Splcer Mfg Co
$3 conv preferred A
50%
7
Jan
6
42% Jan
par
1
31%
7
Jun
26%
No par
51%
814
Dec
2%
Jun
No par
preferred
Spencer Kellogg & Sons
33%
1014
10%
1% Mar
100
-No par
50%
6%
6 Va Mar
Apr
10% Jan
-No
——,_:
32%
31%
8%
Feb
6.
6
—100
Ry
preferred
31%
*28%
Jan
Nov
17
Nov
15% Jan
tMobile & Ohio stk tr ctfs
51%
10%
20%
15 Va
17%
__7.50
Co__
Jan
Dec
122%
2
Oct
100
113%
8
21% Jan
Dec
Nov
17
No par
Southern Natural Gas
1%
30%
Feb
25
Jan
Apr
Dec
Jan
Dec
26 Va Apr
2
142
25
Southern Pacific Co
31%
33%
20 % Apr
11
15
Edison
50J/a
32%
16% Jan
20% Jan
132
Apr
9
13 % May
Aug
•
%
2%
5%
*51
115
107%
5
So Porto Rico
2,300
26%
63
4
S'eastern Greyhound Lines
700
/;
44 %
45
62
27
24%
23%
27%
44%
5
2534
142
5
5
Apr
July
1514 July
Dec
Nov
Nov
'
61
40
31%
25%
*138%
2434
26%
*26
32 Va
5'/a
*138% 142
58%
*38%
36
5%
'■
*3%
:
*56
37
25
142
43%
-
4%
31%
57%
5%
193/4
*19%
23%
12%
57%
19%
25%
*138%
13
*35%
19 Va
25
142
24
4%
19%
24%
•138V4
12%
....
19%
25
142
23%
26%
19%
24%
*138 Va
24%
142
'
27
65
19%
;
20% Aug
19% Apr
108
26%
13
17
8
19%
A 4Va
11% May
% Apr
31
19
♦18
7%
17% Jan
26%
•
9%
66 :■
4 % Mar
5
4
Nov
62
18%
4
62'/a
16
25%
4%
43% May
Nov
19
4
Dec
3% Mar
11%
26%
4
17 Va
Dec
10%
18
3%
Apr
1%
Jan
26
12
Sep
10 Va
Apr
19%
4%
1%
15
———
Dec
ft Feb
Dec
4%
28
12%
Jan
113%
Va Jun
|
8
12 %
19
116
6
15% Apr
19%
19%
Dec
109 Va Aug
106% Jan
Mar 29
7
27 Va
3%
39
5
19%
19%
Oct
Apr
24 % Mar 30
,
8
27%
v
98
4
26
,
May
16% Jan
54
Jan
15
par
Jan
Jan
110
36 Va Apr
%
"V: 9
44
Jun
19%
*19
12%
Apr
104
1
Jan
Nov
Sep
7% Sep
10
Sep
Dec
64% Jan
Oil
2,100
114
27
Jan
ft
1 Va
x9%
par
No
Simmons Co——
.
113%:
27
Jan
5
4% Mar
—No par
Silver King Coalition Mines—
1%
39
*113 Va
27 Va
2'
2
par
7,100
26
112
114%
26 Va
Jan
% Jan
par
3,800
24
29
34%
May
29%
'
;
Nov
1
pref ser A_____No par
(W A)
Nov
Mar
No
(Frank G)
tSheaffer
Dec
13%
2
1
conv
21%
47 Va
2
—No
Corp
Shattuck
Feb
May
3S2 Jan
2
Jan
7
;
38%
*24%
39%
$3.50
1
Nov
par
Inc,
Steel
Nov
6%
12 Va Mar 26
112
5
Sharpe & Dohme
200
2,800
24
*13/8
25%
38%
38
25%
*37
*24%
25
*113
Jan
Jan
.
$5 conv preferred
12,800
8%
23%
4%
270
71%
8%
23%
113%
25%
143/s
*71
4%
37%
114
26%
66
14 Va
71%
8%
64 %
14%
*70%
814
25
118
*113
:
114
26%
14%
71%
1
119
116%
64%
14%
.
*1%
23%
37%
preferred
Sharon
23
1%
25
37%
*113
Servel
8,200
4%
25
116
7,600
5,900
13%
37%
22%
4
37 %
•
Sears Roebuck & Co,—
14
8%
22%
2514
37%
V
96
38
par
9
9%
100
Seaboard Oil Co of Del,—
69%
14
12
Seagrave Corp
13
71%
19% Jan
No
3,900
14
8%
2
No par
2,400
14
13%
14
—No
3 Va
14 Va
71%
1
10 Va Jan
Oct
16
8
5
Jan
34% May
Mar 11
110% Apr
Jan
5%
Jan
Jan
7
8%
85%
Apr
Jan
105% Jan
Jan
Apr
$a
Mar
Oct
74
6%
Va
9
7%
129% Mar
Jan
1
13
Jan
Jan
1
39% Apr
Jan
86%
54
1% Mar
100
22%
137/a
9
19
100% Mar
Nov
23
16
Dec
6%
6
No par
3 Va
13%
Jan
7% Jan
4
Dec
Nov
5%
27%
3 Va Mar
.
71%
49
3%
36% Mar 30
6
2
35
5
Dec
Apr
31%
49'A Mar 19
2
Jan
32
Apr
16% Apr
6
5
1%
13%
64%
25
4
% Jan
x20
Feb
Dec
13
3% Mar
8
7
:
13/4
13%
9% Apr
Jan
preferred
4-2%
7
28% Jan
Jan
7%
16
Jun
May
6 % May
75 Va Apr
10% Mar 26
17: Apr
2
8
2
Jan
4%
8
100
21%
69
8
4%
2,000
Jan
11% Jan
var
—
1%
3%
*71
18
43
100
22%
69%
8%
37
20% Jan
100
No
l7/a
64%
15
100
21%
13%
64%
10% Apr
28% Feb
100
^Seaboard Air Line
3%
71%
21%
26,200
69 Va
814
*37%
%
3%
*70%
.
U
68%
64
11% Apr
6
92% Mar 31
Jan
5% Jan
10
Francisco
$4 preferred
13%
12%
64%
70%
2%
Lead
preferred
2%
13%
13%
64%
8%
%
5%
67 Va
67
64 %
13!'a
'
U
22
21%
12%
70%
%
U
54
7
34% Feb
par
preferred
5 Va %
160
*110
%
78% July
20
25 % Jan
1
Scott Paper Co
$4.50 preferred
400
*11214
2%
18
Feb
9% Apr
714 Jan
par
No
Savage Arms Corp
Schenley Distillers Corp
100
40%
113
%
Feb
70
80
100
—
—No
Safeway Stores
600
*112%
*1%
98
B_„_._10
preferred
5%
I,700
*11%
101
39%
6
7
5% Jan
tSt Louis Southwestern
""50
11.0%
(The)
Jun
Dec
13
10
Co
Sep
70
5% Jan
.,1
class
Tob
Louis-San
6%
7%
110%
*99%
40%
«»
10
Mar
64% Jan
Rustless Iron & Steel Corp
$2.50 conv preferred
39%
x55
85 Va Jan
.
3,800
*7
11%:
*39%
Jun
15%
39%
36 Va
101
*99%
Jan
2%
Ruberoid
*6%
9
35
33
101
7%
34%
11%
31%
38%
6
1,500
ISt
11 Va
6
23%
1,300
110
19
7% Jan
St Joseph
110%
11%
Mar
14
par
—
—
Corp,,
No
Mfg
—.No
Antelope Copper Mines
1,900
110
No
preferred,
(R J)
100
—
t Common
49
May
56% Apr
107/a Apr
9
39%
7 %
79
4% Jan
100
Spring
3.700
31%
*39%
conv
llf
9
5
42 Va Jan
,__No par
preferred,,,,,.
1 Va
*6%
15% Apr
Jan
69% Jan
par
preferred
Mi
39 Va
No
Copper 6z Brass
1%
9
Dec
13%
Iff
7
22
Dec
10% Mar
x94%
1 Va
38%
Apr
6
8
12.
1
8
6
%
*6%
11
9 Va Apr
19% Apr
6
1 Va
38%
35% Mar 30
Jan
14 Va Jan
10
May
1% Jan
16
Jan
8
16
*514
9
38%
Jan
6
Mar 26
5'A Apr
86% Apr
Reynolds
7,400
33%
Nov
20
par
par
n
Sep
3%
100
—No
pur
33
23%
Dec
Richfield Oil
!>
20
70
23%
35
Nov
19'A Apr
10018 Mar
1 Va
11%
*99%
34
Nov
28%
Jan
Roan
15%
Feb
15%
23% May
39
Ritter Dental
*48'4
26%
25
200
16
23% July
11 Va Apr
75
1st pfd
Reynolds Metals Co.,
30
Dec
22
500
49
Dec
14
8%
15%
9
29
Dec
12
3 Va Jan
16%
*16
23%
21% Apr
5
34% Mar 30
22
66% Jan
preferred
Reynolds
7,000
10 Va
934
20
54%
Jan
Jun
22% Jan
*8%
*
*48 >4
34%
28
36
Jan
Jun
2
5% %
Dec
7%
4
%
*
11
,.
23%
2,800
3%
15%
6
1 Va
11%
100
8%
15%
11%
100
9%
16 Va
*8%
49
11%
100%
2734
*15%
48 %
11
*99%
2.800
*35%
34%
Jan
Revere
80
9%
Apr
73 % Jan
t7 %
92%
Dec
2
95 Vz Jan
t5%%
9%
Dec
90
100
80
*91%
1
& Co
conv
20
Dec
59%
Apr
6% conv prior pfd ser A—100
8,000
,
10%
28
9%
23%
8'4
10%
36
9%
34
%
1
*5%
9
38%
34
:%
114
7
38%
34
Vz
*1
36
15%
*
,27%
9
*22%
*48'4 ,49'A
34%
14
15%
9%
16%
9%;
23%
15 Va
15%
V2.
9%
22%
4914
1%
*6%
9
*
92%
9%
36
*15%
8%
*48%
34%
%
•,
:
*16%
814
14%
9%
92%
27%
*35%
9%
10%
9%
27%
36
10%
92
91
9%
27%
*35%
10%
.,50
5
46% Mar
88
100
Republic Steel Corp
300
94%
66%
9%
*48%
Dec
___5
.
Hosiery
(Robt)
0%
65%
27%
36
25,200
84%
8%
14% Jan
Preferred with warrants,
25
tRensselaer & Sara RR Co,—100
Reo Motors, Inc
.,,1
100
*82
94%
91
23
17%
*99%
83%
7%
27%
*23%
16%
100
65%
91
23%
83%
*93%
9%
23Vi
17%
*99%
66%
10%
15%
17
:
84%
94%
10
9% V- 9%
100
*83
21
26% Jan
Remington-Rand
100
66%
66%
*35
17 Va
*99%
84%
4,900
77
2% Mar
68
Apr
100% Apr
8% Apr
54'A Jan
50
A.
Reliable Stores Corp
Reliance Mfg Co
76
*74
Silk
Reis
♦74
14%
14%
*93 %
94
66%
Real
300
14%
Jan
Mar
.,50
,
300
14%
100
"
10%
9
Oct
10% Apr
59
92
25
.
260
8 34
20
14
16%
*99%
94
.
32
8%
*18%
4% Jan
par
Preferred
14
9
16%
100
*83%
*30%
9
20
preferred™,
Reading Company
1,100
54%
8%
17%
*99%
85
31%
9
*18%
5%
$3
76
v.
76
54
9%
*72
'14
*74
77%
55
9%
13%
434
76
31%
14 Va
14%
4%
*72
18%
78
15%
*4%
76
32
31%
*8%
10%
'
4%
*4%
76
31
14
100
:.v.
4%
*72
33%
12 %
18%
68
10%
6
28
28%
Xl9
*66%
8% Mar
13% Apr
30
29%
18%
*93 %
Nov
26 % Jan
*27%
17%
7%
14%
15
19%
.
9% Mar
137/a Mar
19%
16%
Dec
85 % Apr
27% Apr
18%
85
Dec
92%
iJan
12 Va
28%
*99%
106%
Jun
11% Jan
12%
9%
11%
May
80%
3% Jan
*27%
55
Apr
90 Va
1
12%
*75
7
Highest
# per share
16
Mar
t6 %. conv preferred—100
Raybestos Manhattan
—No par
Rayonier Inc.
1
1,600
84%
No
Radio-Keith-Orpheum
1,000
12%'
84%
Corp of Amer
29%
13%
4
$3.50 conv 1st preferred—No par
t$5 preferred B———.No par
1,800
83%
*26
Radio
101
12%
*814
10% Jan
1942
R
*27%
*18
2
—10
per share
17% Mar 29
109
2
13% Jan
Previous
100% Apr
7
17% Mar 30
3
92 Va Jan
Quaker State Oil Raf Corp
'
*4%
* per share
14
No par
28
31%
Jan
104% Feb
100
.
Purity Bakeries
28
*72
per share
II
par
preferred
99%
16%
17 Va
I
for
Year
Lowest
Q
13
8%
—No
*97%
98%,
Range Since January I
Lowest
Highest
Shares
'
16%
Range
STOCK
EXCHANGE
:
66!
1433
RECORD
PRICES
Wednesday
Apr. 13
| Apr. 12
I per share
HIGH
CHRONICI E
74% Apr
30% Apr
43
116%
Jan
Apr
Apr
3% May
11 Va May
1
8Va Nov
6% Nov
55% Jan
128
Dec
57/a
Jan
15 Va
Jan
Apr
1%
Jan
5
5
~9%
May
16%
Dec
31% Mar 25
17%
Feb
26 Va
Dec
10%-Apr
8
ocs/.
a
3y8 May
20
Sep
4% Aug
25
Jan
1943
Monday, April 19,
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1434
Range for
STOCKS
Apr. 30
,,
s
y
thai*
ver
33
25
33 Va
25 V2
24
7
7 Va
7 ?4
7%
*7*%
7%
t
share
per
7 %
34 Va
24%
7?a
25%
.341/,
25 J/4
7%
4,200
12,800
7%
100
33?4
24%
25,
x7'%"
7%
7%
J/a
7
1.
Shares
.
10 3%
11
46%
.
4 Va
•,
38%'
10%
11
6%
11 Va
11 J/4,
45
1
V
*62
64
9%
45 Va
'<; 5%
*62
64
*38
40
*39
40
-;T
70
*39
Third
1
•
'
2'/a
2%
2
21»%
21 Va
21
13
13'%
.
13%
29
Va
VB
21
13 J/a.
99?4
99
98'%
99
99
32 '/a
30 VB
30%
45?.,
45%
45 34
7%
7%
117%
17%
14'%
14'%
85
85
7?4
7?%
9
19
30'/a
18 Va
181/2
18%
30'A
30 V'4
30*a
6%
6%
6%
14%:
15
*15
13 J/a
*15
15%
14%
''
7%
7Va
18%
30%
*30%
8 %
9'/«
9
8?4
19%
21,200
30'/a
30
30'%
700
734
73 J/4
7?4
12,000
1,020
9%
9?4
19,900
72
!
•
72%
7%
8 Va
72 J/2
8%
73%
"%
9 /V
71
1914
30 Va
31 J/a
7 Vi
-
8Va
6
preferred
Dec
73/a
8 Vb Jan
3%
G
2
3
4
'25
3%
Sep
9 3%
Dec
27'/a
Jan
1%
Nov
28 % Jan
20
6% Jan
,_5
15 J/4 Jan
27
11'4 Jan
5
8
Jun
10%
Feb
85
Mar
97
Doc
22
May
3 4 »/8
Jan
43'%
Jan
6%
Dec
8
2,600
Under
Elliott Pisher Co
.—No
10,400
Union
Bag 6c Paper—
—No par
9,300
Union
Carbide 6c Carb—
.—No
160
Union
El Co of Mo $5
56'/a
1
8% Apr
7 '/a
7%
.'
Jan
Jan
AUg
263%
1%
•
Jan
Nov
78 n%
7
5V*May
18
Oct
Nov
6
Jan..
21 Vi
7.4 Va Mar 23
934 Apr
Nov
71
19 J/4
5
14
1
Jun
Nov
16
5
3 IVb Apr
5
2 Va
5'% Jun
21% Apr
.5
Jan
Jan
% Mar
5
Jan
12?4 Mar
29
8% Apr
7 j
7
Dec
18 Vi
8%
87 J/4 Apr
6'4 Jan
————
46%
Mar
'
4
•1
7% May
6
16% Apr
Jan
4
19% Mar 26
4% Jan
46 J/2
31% May
6
15
6
67
preferred—100
Coach Co—
:_1
7 %;;
46 3 3
Apr
8% Apr
4 8 3-i
4
12% Jan
15% Nov
Jan
1
Mar
Jan
25
97a
8 V*
6'/2 Jan
69
.
9 '/a
16
5
4
9%
U Mar
18
Apr
100
40% Jan
IVb Jan
5 J/4
Mar
14V» Apr
12
>_!
Jan
343% Feb
Jan
34% Mar 31
9% Jan
94%' Jan
.
Dec
Apr;
Jun
23
J a 11
16
Mar
43/a
2% July
5
9% Jan
V 1 % Jan
3
52 '/a
173% July
4% Mar
5
Jan
Juii
•■:
Jan
30
32 Va Apr
4
26 J/4 Feb
9 J/4
42
Nov
2 J/b May
42-% Mar 24
2
Sep
41
16
Oct
24%
Jan
5
34%
'
J—No par
;
8V4
7?4 Mar 26
/
5
Jan
3
■
--No par
20th Cen Pox Film Corp
/.-No par
$1,50 preferred——No par
Twin City Rapid Trail—No par
Twin
7
Jan
33% Jan
Corp___„
Truax-Traer
Dec
Apr
4%
Apr V; 5
7
72J/a Apr
4
2
Tri-Continental Corp___—
$6
•
•2.000
20
19
■
70
:■,;
J/a
8
7%
8
No par
Transue & Williams
700:,
5
Jan
•
4
Corp-__'_i__——_2
Transamefica
Oct
8'/a
12
46
Jail
^-Nn par
Transcont'l & West Air Inc—
15,400
85
*82
85
7%
7%
19 J/4
19 VB
V
334
3%
3%
3 '/a
*82
85
*80'a
.
37 '/a
8
Apr
^-->.—10
.---No par
Axle
Detroit
Tim,ken Roller Bearing
1,700
;
28 % Apr
.10% Apr
52
25
t$4.50 conv preferredTlmken
•
.
3%
3%
3 Va
85
j'-
19,400
8%
18
7
8 3%
1,500
8%
71
8%
7,300
471/4
*17%
30
69 Va
31 J/a
471/4
8%
6 Vb
68 %
303/4
18 %
*68%
68%
31%
30 Va
.
*46
«
8
Vs
68%
45 7
45 Vb
18
J%
7
31%
'30%
.
18
7%
*7?s
.
460
18
*82
85
11,800
99%
7VB
3?b
3%
3 Va
85
•2,100
14
17 54
14 Va
14%
14%
3% ..."
3?a
25
13%
99 J/a
17%
'%'
17
18'%
18
23 J/a
13%
100
3%
Apr
May
.
1
7
35
No par
Thompson-Starrett Go-i—lNo par
$3.50 cum preferred-^
---Nt par
Tide Water Associated Oil-'—- —10
8,500
"Apr
5
8
12
Oct
28
15
1
10?b Apr
5
12'% Jail
Thompson Prods Inc
;
2,400
,
7V«
7%
8
7%
22 J/4
991/4
98'%
45%
3
13%
45 3 4
45%
2 9 J/8
2%
22 Vi
13 VB
313b
a
29 Vb
2?b
NOV
2
42
Apr
;
Apr
6V« Jan
Transit Corp .'-No par
Avenue
Thompson' (J Ri
■
47
21;
13:
£8 %
32
29%
300
9?a
23a
2%
21%
12%
32 3
,98%
*9V4
9
29
29 %
;'
.
2,300
4.
4
J/4
4
9
2%
2 J/4
*20
13 J/8
2'%
*2 %
21
4
9
*8%
29
':V
4%
4%
9
V
29
29%
29'/a
291%
9
9
*8%
9'%..
*83%
*29'%
4'%
Va
4
3%
3%
4
4
Dec
17 J% Jan
1
preferred____-__;,__10
$3 div conv
Jan
Vi
30
6
Apr
5% Mar 19
7
Co——
Thermoid
•
110
40
*39
40
4,900
6% '
34
93%
40% Apr
8% Jan
100
Pieferred
7% May
50
.12
Nov
4
12% Mar 29
2
Nov
35
2
13
53/4
Apr
1 '/a Mar
8
7J/4 Jan
±-No par
The Pair
410
Apr
32
5 >4 Mar
3'bJan
preferredV~Vl-No par
'
2,200
'V
Thatcher
4
3
16
Apr
45
36% Jan
5'A Jan:
V
Aug
Mar 30
7
8% Jan
par
.(:■ t$3.60 conv
160
-
r.
72%
6
6%
Mfg
'
Dec
3 3/4
Apr
41% Jan
—100
Pacific Ry Co_^
Texas &
6,300
rS-
%
6
71
6%
40
•
*
7
9
/Texas Pacific Coal & Oil
:
10
i-Texas Pacific Land Trustlvi.'£%-_ l-:'
.'2,000
45
<•44
45 3/
64
67a
6%
6%
6 3 a'
9%
5%
'
63/4
24'/a,;
*9V4
45 J/4
*44
Va
5%
*5
/ 53%
64
9 V4
9'%
9
*44
5%
91/4
24%
9?4
Texas
5.300
9%
9?b
10
V 24% '
2
Jan
Gulf Produc'g Co-J—No par
Gulf Sulphur____»^..^_No par
Texas
•
7,800
11 J/a
25
Jan
3
25
(The)
Texas Co
7,600
•3.900
39?4
25 VB
9 J/2
9%
247a
*
9 Va
40
40
9
24
17,100
5
4%
39 Va
11 J/4
'
23%
21%
1,800
48%
48
4Vb
40 Va
SVi Jan
Corp
Nov
15 Vb Aug
25'/a
8
2
share
per
291/4
8
35
50
5
5
i_
Tennessee
11%
4%
39
Telautograph
434 '
V
39V4
10% ' 11%
V«
8
8?4
:
46
6%
6 Va
40
9%
*62
65
*
25?4
5%
6%
*5'/a
■*62
10%
4 Vb
11 J/4
48 Vs
47%
4%
4%
38%
38%
45 Va
11 %
■
'1
'/a
10V4
9%
9%
48
.
4
4%
38%
24%
45
47 %
48
/
11%
"
*
434
-1
preferred
partic
5J/a%
8
4 3/a Jan
Talcott Inc (James)
45
*43 Va
45
*4 J/a
4%
11%
39 Va¬
v
9
9%
25 VB
9%
47
11
S>/8
11%
il
39
24 Va
»43'/"
•11
4%
4%
39
11%
11%
48 Va
Va'
47
*4 Va
*714
7%
:
*43%
45
*43%
4%
%
*4
4%
4l%
11 Va
47 Va
' 4%
*
•
4%
■''*4'%
*7%
7%
*7-
.
45
*43%
45
*43 Va
45
'/a
*43
7%
*7
Highest
S
19 J/4 Mar
35 J/4 Apr 7
27
Mar 29
8
Jan
22% Feb
--No par
Symington-GouldCorp.
7,700
1912
share
per
per snare
•
29
Sylvania Eiec Prod's Inc
share
$ per
Par
:./!(
$
Previous
Year
,
Lowest
Highest
Lowest
/%%•//
■'
International Ltd
Swift
'
..
V
;
...
1
Range Since January
YORK STOCK
EXCHANGE ,' •
the Week
share
per
33 %
24%;
6%
7?V
7?4
24%
,
t
33%
32:%
32%
32%.
24%
32?V
25%
32
Apr, 16
share
$ ver
per share
t
share
per
Apr. 15
Apr. 14
Apr;. 13
Apr. 12
Frid*y
NEW
for
Sales
Thursday
Wednesday
Tuesday
Monday
gtatnrdaj
PRICES
HIGH SALE
LOW AND
Nov
>/a
Nov
U
46
45%
46'%
10 Vi
46
47%
46 Va
46'%
10 J/4
10%
10'/a
10 ?'a
10 VB
813'4
82'%
81%
82 J%
81?4
IOI/4
82%
116%
116%
*115%
116 34
*115 »/a
116%
46 '%
46 %
10
10%:
10
10?8
83
82
83
81V4
82%
81%
*115%. 116 Va
*110% 111%
*115 y4
116 J/a
111VV
111 »/a
112'%
*115 Va
116 Va
*110'%
111%.
18%
18%
18%
9%
111 J/4
19
90 Va
90V4
91
89 Va
90
89%
85%
86
86
86%
*26%
27'%
104%
21%
21%
20 Va
21 Va
*17i%
18%
18%
17 Va
18%
113%
*111%
113%
*111%
*111 Va
64 Va
64 Va
64%
23
23
104
*
*23
23 3a
23 Va
9%
10%
5 V4
5%
49 Va
49%
48%
6?4
6 34
5
65%
66%
*
*%
*
108'%
108 %
108%
IO8J/4
108%
800
23 Vo
23 %
22 V8
5 »/4
5%
13 Va
13%
67 >/4
67%
67
;
118
44 J/a
1
*2%
1%
va
.*43
*68 34
70
*68 Va
18%
*17'%
19
*17.'A
*66%
67
6G%
663/4
67 Va
158
158
'156
160
*156-
*166
173
'168
172
*166
n
115 /.
2,400
55 Vo
56
55 ?a
54.600
543/4
117%
26'%
44%
*43
44 Va
26'%
2 34
1?'0
2?,
1%
'
183%
18%
67
'
*66
1,400
«
23/4
1%
2%
400
1?8
3,100
*6814
18 ?4
*17'/a
Jun
y36% Jan
89
Apr
104%
Jan
3
7%
Apr
20-%
Dec
——100
93 Vi Jan
—3
17% Jan
—No
Co.
U
par
hi Jan
—No par
17?b Jan
2
5
,'_1
10
7% Jan
4
2% Jan
,'7
100:
—20
10
i_l
—
U
100
50.
66%
/
160
*156
160
*156
172
*168
172
♦168
173
48'/a
Jun
72%
Jan
8-% Apr
5
3%
Jun
5%
Dec
Va Mar
106 Vi
Jan
';'•
Leaf Tob———No
par
preferredj
100
Picturee
Universal
1st pfd—
100
.■■■
Jan
93
109% Mar 30
25 34 Mar 24
■
11%
Apr
16%
Oct
3'8 Jan
5% Apr
6
2%
Sep
4'%
Feb
lO'b Apr
5
2'/a
Apr
5%
Dec
16
.V 77 '/a1 Apr
16% Mar 12
6V4 May
91 % Mar
914 Jan
8
69
Jan
Jan
40Mav
71% Mar 30
29
173
19
Apr
180
5?b Jan 17
40
30
Jan
Jan
8
•
19Vb Apr
13% Jan
6
Jan
16
108
/■
Jan
8
363/4 Apr
39
ji.Jan
5
8
Jan
4
;: 1%
'
Jan
58
71
Jan
44 Vi May
553%
Jan
1193%
Jan
Apr
107'/4
Jun
5
15 Va
Apr
4
39% Mar
29
% May
6
5
%
1% Mar 12
Apr
24
Jan
46%
Jan
;1% Oct
1
Oct
60%
Dec
12
July
153%
Nov
41
May
Apr
12
142
Apr
152%
Dec
176
15
34?'B May
69'A Mar 29
13
14% Jan 23
Jan
59 J4 Jan
Dec
51'%
5
Jan
; Feb
10
147
Apr
169
Dec
1
Feb
27
48% Feb
25
22
6
12% Feb 25
33
Apr
5
117
Jan 21
14
72 J/s Apr
Jan
5
20J/4 Mar 30
158',
12
167% Jan 20
150
Dec
103-%
29; ' Apr
% Jan
56
27'%
Mar
;
118 Vb Apr
3% Jan
Dec
37'/4 Apr
8
42% Jan ' 4
Jun
Dec
8
Mar
Oct
;
29 '4
Mar
6
;
114
1
Apr
46
14%
30'% Aug
54
60% Mar 30
70
MarlO
59
Jan
% July
13% May
5
Mar 29
,
4
32%
Apr
% Aug
1
39 38 Apr
Jan
Sep
34'%
20
23
2% Mar
116
101
.4 46
112
Feb
41
26% May
38% Mar 10
2
25 J/4 Jan
7
May
13
15
'
Apr
Jan'
22
13
Jan
Jan
Jan
99
29% Jan
32
Dec
Apr
Mar 25
110;
29 Vb Jan
'
Dec
63%
2'/a
8
8
7% Apr
64
174?%
24%. Apr
8
39 % Apr
.4
4
Jan
4'/a
43
,Jan 12
Feb
11%
34 %
934 Mar 25
Mar 26
,
87
May
159
13
'
par
Universal
10
160
22
84% Jan
conv
8 *
Feb
9
Jan
Jan
*
Sep
69
21% Jan
1
:5
Jan
35
7
—
Nov
6'%
Jun
13
Stookyards Corp—.—
Dec
3%
50
25 3,a
473/b Jan
250
$6
3% Mar
.
8
64? a Jan
United Stores class A—
Apr
33'/a Aug
434 Jan
v
preferred™:———_—25
United
'/1 %
Apr
L50
Tobacco Co————-No
6
Dec
8%
Apr
163bJan
Preferred
U 8
4%
Mar 29
7%
Corp—_-—Z—No par
—100
Steel
V 8
6
25
Mar
/« Oct
18
July
35
103
_10
preferred
;
8 Smelting Ref k Mln—
Preferred -.—.i—
1st
Jan
19
11
63b Apr
Oct
.Feb
20
4
-—-No par
Rubber Co
8
Jan
53
5% Jan
Hoffman Mach Corp—
preferred.;
U 8 Pipe & Foundry
U B Playing Card Co—
U 8 Plywood Corp_>—/
tu 8 Realty A Impt
16
12
60'4 Mar
Fruit Co_
Co—No par
Co—-j,—.—120
preferred-—-————---.100
May
Apr
Dec.
58%
5'/a Jan
5
6c FdyJ
Eng
Apr
37
26 J/a Jan
5
Coal Cos—
113
1*4 Feb
4
38 J.4 Jan
100
Electric
8%
104% Mar
Oct
17
15
11 ?4 Apr
—
Jan
9% Mar
26% Apr
—No
tPrior
U
2
21% Aug
,
Jan
112
23
5
5%% conv preferred——50
8 Industrial Alcohol———No par
8 Leather Co—
—No par
Partic & conv cl A—
—No par
U
19% Apr
8
V65
Freight
U 8
23% Apr
20
Jan
16
par
200
18%
66 3%
25% Jan
23%
preferred
No par
Universal-Cyclops Steel Corp__—1
100
71
71
30V
35% Apr
8
107
Mar 30
7
7 *
44%
*43
66 3 4
*68%
71
2,400
118
26 "4
26
28% Mar 30
Dyewood Corp
7 %
1,000
V/
Feb
^24% Jan
Feb
—No par
*
V ' 900
44 V4
U
441/2
45
*43 V2
45
20%
21
19%
20%
20%
20%
20%
11%
11%
10 7/a
11 Va
11
11 Va
11
*30?4
32%
31%
33
*116%
117%
*41
42
41
41
41%
41 Va
*50
62
*50
60
60
75
*60
25
4%
52
*116Va
31
117%
*116'/a
31
117%
75
*55
75
24?8
24%
*24%
25
4%
4%
53 %
4 J/2
53
55
4%
*26
37:i.i
37
3434
343i
31%
*31
31%
31'A
31'A
31%
108
*102
*102
103
108
11V4
32
*116%
117 %
41%
41%
21
11
*31
70
Vanadium
1,500
Van
Van
116'/a
41 J/a
10
116 J/a
41%
500
*24%.
25
24%
4%
4%
35%
31
*102
54J/4
55
5534
4%
56
*11734
7 %
Vick
1st
Corp of Am—
Chemical Co
5%
700
6,300
4%
100
preferred.
Victor Chemical
Oct
61
22
57
Feb
Jan
24
2
15
V'4
7
Jan
4
120
31.14
6%
25
preferred
Vulcan Detinning Co———
108%
*139
Preferred
400
100
Jan
25%
Jan
Apr
5'/a Mar 23
Mar 29
55
18 3/4 May
2%
Jan
40'%
Oct
110% May
117J%
Dec
Jan
211/a
Nov
313%
Jan
Apr
7
16
14
14
Jan
14
38
Apr
9
24
Apr
291/4 Jan
2
33
Mar 19
26
May
Jun
Mar
133
Jan
.
Oct
Jan
1
22 '/a
20Va Jan
Jan
Dec
Sep
Jan
31% Apr
80
Dec
Nov
27
Virginian Ry Co__
42
55
pfd—100
.25
Va
900
ll'/a Mar
26
116J% July
60
Iron Coal A Coke 5%
190
Jan
July
120
800
Jun
Mar
50
5
373/4
3)'A
Jan
6
60
Mar 26
26% Feb 15
60
15
32%
Sep
Dec
20V«
May
Jan
*36
150
Jan
7 J/4
19
112%
J/a
341%
Jun
30
Jan
*31%
*139
51
J/4
Jan
Jan
%
4
43
39
:-7
*102
7
116
29
108 ?4
11
Jan
div partic preferred—.—100
El & Pow $6 pref
—No par
*35 J/a
x31'A
Jan
41
—5
6%
*28
*102
116
23% Apr
Va
3,400
56
36
31 V4
-
58
28%
108
31
—No par
Works..—
Va-Carolina Chem
120
28%
7
11
preferred
*1.1.8
120
8% Jan
25% Jan
Vicks Shreve Si Pac Ry^
60
*55
24%
4
Raalte Co Inci——
75
4%
7
—.5
100
5
100
Norman Mach Tool
100
*55
24%
5
Jan
No par
—2.50
8,000
75
4?4
% Jan
153% Jan
—No par
100
Sales
Preferred
11%
60
24%
Vadsco
21
32
*55
*139
*133
*139
41
21%'-
111/8
*50
*27
*117
29
37
117 Va
21
*31
7,100
U
44
75
29
120
*27
11 '/a
32
*43
60
120
*117
20%
44
*50
*119
37%
43%
*50
54
27%
*138%
41
54
27
120
*31
*116. J/a
%
%
■/:
%
%
%
44%
*102
36%
II43/4
117% 117%,
•81%
10
1
108
.
'
*117
37,000
35%
37
70
1%
70
51%
5,700
1%
70
23%
18'%
4?e
1% %
70
13'a
66
24%
1,600
'
*69 7 a
2 ?4
18%
*60
39
57'A
1%
71
*50
400
.
563/*
3
*17%
158
"
.36%
58
27
*69
70
36'4
55'%
26%
3
38 %
llSVa 1153%'
117'/a
*43
1%
38 ?4
2,600
33%
33
50
%
70
"70
*25%
*2?4
*35%
Jun
—No par
United Gas Improv't
-—No par
$5 preferred-—^
+.No par
United Mer 61 Manu Inc v t c—1
United Paperboard
'
:
—10
U B 6c Foreign Secur
No par.
tfl 1st preferred—„———No par
1,800
y
573%
541/2
53 ?a
36''2
/.• 109%
*109
58
II714 '117V3
55%
34%
2 '/a
2 6 34
58'
58
*69%
108?4
38%
.4,800
1,900
1834
*18 V4
18 34
74%
U 8 Gypsum
2,300
7
7
33%
"
'/a
1151/2
115
115
63V
;
16
•'
20
37
109 Va
:•' 2
34%
30%
*35%
*
38'%
38
1%
1 34
44%
*42
1%
36
26%
26.
3
34'%
36%
.
79% Jan
Apr
16
U S
42
18 ?4
,■
109 Va
34%
33'4
70
117%
*1083/,
36%
3 7 J/4
'37'%
6 3%
18 Va
3 3 3/4
*x39V4
;
100
87
18% Jan
United
40
'
6S%
18 J/a
/
109 J/2
13 4
58 Va
118
•,'>■ 6%
18
37 '%
1%
70
V?
33
35%
54%
42
."*874
Nov
"55J/2 Jan
2.500
,V:
8%
9
42"
37
37
6%
/
•
85'%
par
2,700
68
67
*180
e3%
/■ •'
42
T6?4
109 Va
115V2
v
*40
x36 J/a
*36
*1141%
25%
44%
417a
36 '%
36
1%
70
*43
2,160
1.5
*14 J/a
69
*180
83%
*8?a
8 Va
81/4
*40
57%
■
6,800
91'/a
91
14%
67%
?4
*180
180
180
37
55
14%
14
67
34%
69 Va
%
2,400
9%
9%
9%"
91'%
91
91
91
5,700
•v
5 Va
5%
5%
5'/a.
9%
93/B
9%
9%
91
'
•'
V\ 23%
23
Dec
Jan
—No
United
*107%
8
16 V8
63%
Preferred
6,100
65
May
25
15% Jan
109'/a Jan
United
66 VB
33
19% Apr
94
Feb
■:-'
25
100
.—---100
United
33
8
80*4 Jan
preferred
900
33
66,600
5 J/4
109%
';
54%
■.
"
8V4
22 Va
108 %
58
173
'/ 3,700
8 >4
12%
33%
35
114%
*167
7 J/4'
7V4
14
United Drug Co
300
8 34
5 J/4
18
34
*155
49%
8'%
21%
6%
1%
66'%
2,000
8 Va
23 Va
:
16,400
5V4
49
7'%
67
6%
1%
1%
67'%
14
37
*2?4
33%
66'
37 Va
36%
*42
*32"
66 VB
9
13
11
112*4 Apr
Corporation—,.—. _-No par
United
4*2,100
67?4
32 Vb
*90 V%
59,000
5J/4
%
49?4
7
65 Va
42
36%
25%
5
*48%
■; •••'/;;■
10%
11
47B
32 J/a
"8%
36%
118
'.
33
'
36%
*
7
5 %
8
36
57%
48
6%
18%
135
J.14V4
46 J/4
6%
6 Va
109 Va
34%
48 3'b
6 3/4
181/4 •
6V4
18%
34 Vb
43%
46%
91 %
37
36%
109 '%
10%
10%
43/4
*4%
23
*41
6
■\f. 10%
I J/s
26 %
1
25%
Dec
Nov
5
Co—
United-Carr Fast Corp
1,400
2t
*22
1 '/ft
26 %
26 V8
26'%
25 J/4
8 Vb
8
42
18
22"
1
1
68 VB
13 7
~8%
36 Va
22
l'/a
25 Va
108 Va
68
*180
8%
21'%
.
100Vi Mar
Jan
113%
2
Carbon
United
1.000
64',4
64
:
May
Jan
Transport
Biscuit
*
*180
*41
65
5
9%
13%
*66%
63%
64'%
21 J/4
108 Va
68
13%
113
*112
64'/2
108
83
105% Jan
preferred.^.——
51
20
14
9'%
Apr
113
preferred.._V__
conv
United
1,100
112
112
113%'
/
7%
91'%
91%
19%
*111%
*1,073/4
9
■>.
9%
Vb
.19
8Va
5V4
5
5
9
*91
21%
193%;
67
22 Vb
22%
22%
22 V«
32 ?4
*108
108
108
22 V%
■■,'"
■
19%
58
Aircraft Corp— .——6
United
5%
6
par
Tank Car—
Un Air Lines
18.300
221/4
19%
26
par
preferred
i%
Union
800
11% Feb
85 Vb Apr
pfd. ,—No
CaliforniaPacific RR Co—;
Union
700
■
■
105
106
4
19 VB
22%
lOVa
7
8
8
12,200
.2,100
48%
66
'
7%
3438
106 3
103
,
33%
34'4
33%
33?%
1061/2
5?a
6%
34
*'
J/a
26%
10 VB
■"
31
33
87
26%
1 Vb
24%
10%
10 ?8
87
26?a
22
25%
24 3/4
863%
26 Va
21?b
63 Va
1
"4,400
*86'%
26
13 Va
113 Va
21
Va
1
■
.
63% <Z
65
23
1
1 Vb
1
20%
91%
26%
106
105%
21 ?4
105
105
90
86'/a
91
•/>'
Sep
2
13
Dec
46
Jan
7%
Jan
Jail
116'/a Apr
Union Oil of
6,500
28%
4
Mar
51
18
Jan
8
/ 79
par
series—. —No
$4.50
Preferred
300
■
91%
32 %
32%
313%
33%
33
104%
91 J/2
J/a
191/4
a
86 %
.
26?4
26%
27%
*26 3/4
33%
18 ®
19
91 Vb
86'/a
85 Va
33
19
CO
111
111%
112
111 J/a
18 3/4
18 J/a
18%
•
..'42
par
8
108
Apr
8
70
26
141
Mar 25
120
293%
Oct
96'/a Mar
138
Jan
W
31'%
30%
834
3'4
23%
23%
*101
103'%
For
31 "2
3 IVB
8?4
8 34
8?4
23%
23
103%
*99
23 ?8
*100
30%
footnotes see page
1435.
30-Vb
30%
3114
31'%
32
8%
8%
8%
*8%
9
23
103%
*23'%
*103
23%
103 3 4
23?'a
103
23?i
103
31'%
9
23 %
*100
9
23 3%
103
100
8,200
31%
,
Wabash RR preferred
1,100
Waldorf
1,100
Walgreen Co—<:—
4'/a % preferred with warr
100
System...L„
No par
.—No par
100
24% Jan
4
36% Mar 29
7% Jan
5
2
9 J/8 Apr
6
20% Jan
24 '/a, Apr
2
Feb
10
103
104% Mar 11
21 Vi July
6'% Mar
16
303%
Jan
7%
NOV
20'%
Nov
Apr
97Va Jun
102 Va
Oct
Volume
157
Number 4169
THE COMMERCIAL &
FINANCIAL CHRONICLE
1435
NEW YORK STOCK
LOW AND
8aturlay
Monday
Apr. 1(1
7
%
7%
*45'/a
7%
46
S
7%
46
7
46%
45%
17%
181/4
17%
17%
*17%
10'A
10%
10%
.1%
2
42
1%
•42-.
11 Va
2
41%
11%
41%
46%
17%
10%
1%
1%
41
11%
11%
801/8
*79%
11%
80 Va
32
30%
30%
19%
311/4
19%
31%
19%
*31 -T
*15 %
191/a
19%
16%
xl8%
*151/4
15V4
151/4
22'%
15%
22 Va
15%
22%
*22 '/e
221/4
5%
*221/4
22%
5%
5%
5%
5%
5%
*22%
23%
22
5%
*22%
23%
*72
81%
22%
73
5
23
*72
22%
73
22%
*72
73
81
*72
48
900
2
2
;
12
12 'A
80
*15%
16
*22 'A
22%
5%
;
31%
1 9 '/a
800
•*t6%~J.6
22%
22%"
5%
23
*72%
23
73
73
23
13V4
13%
711/4
86%
70
87%
*77
14VB
70
89
78%
114%
*14%
15
14i%
107%
21%
22
22%
5
5%
22
4'/a
4%
9
9'/4
1%
9%
1V4
1%
.
331%
33
20'/a
20 Va
*129
•^.-1*'"
*32%
*56
90'A
20%
21%
*66%
67
*17'%
5%
*3%
11/4
I.1/4
341/e
33'/4
203'8
20%
21
89
90
28V4
33%
*56
GO
88
20%
67
67
33%
*28
•■/■:/
67
V
300
Weston
V
500
88
*56
60
*56
88
•
88
21%
21%
66
%
67'A
67
18%
22%
5%
5%
5%
4%
4'A
70
*22%
24%
3%
3%
3%
3%
3%
5%
3%
5'%
5%
6»A
6
6'A
11
'/■•;■
7%
74
7'/a
11 'A
22
*21
36%
20'A
20%
S
•A
22
35%
4,700
*2).I/4
36 V*
21
36 Ve
:f,
21%
21%
*74V4
llVa
*11'A
22
'/
20%
140
*125
140
*125
140
*112
*130
130
130
*113
130
*118
124
*51%
53
*52
100
z. 100
52%
51
53
67
>
26%
26%
16%
16%
♦125
26%
16 Ve
35i/2
104
100 %
66
*66'A
26
*51%
26V2
■
*125
11%
34%
52
16
130
11%
-
/
16%
♦125%
11%
35
25 3A
-
130
11
66
52
66
100 Ve
65%
52%
*96
*
*94
*65%
;. *50
51'A
11
A
53%
*100%
27
27%
16%
16%
*126
11%
11%
11%
3 5'A
34%
35'/2
52%
52'A
*
53%
52 'A
54
240
2,900
16%
Yale
11,700
11%
11%
89
89%
89
89
89
35%
89
36 Va
89
11%
11%
90
11%
12
90
90
11%
12%
88
12%
12%
12Va
12%
;
3,200
89
12'A
12%
35%
Towne
35%
27%
3%
27
3%
•Bid
reduced
3%
and asked
from
27%
100
3 %
prices;
to
10
26%
no
3%
sales on
■
'
■
■■' '
A
'
-
,'/:'
Bonds
Bonds
Saturday
Sales
1,408,040
1.085,370
Thursday
Friday
458,000
$24,500
10.019.500
433.000
12.324.800
24,000
18.402.000
622,000
48,000
542,000
12,99-1,800
1,000
448,000
13,000
13,522,000
13,707,900
$110,500
$8,283,000
of
shares
106 % Jan
par
52
15
Jan
83
Aug
Apr
127
23
22
Mar
Apr
5
60
6
42'A
Apr
91
7
80
14
19
Apr
5
17'A
2
5
6% Apr
2% Jan
8
Jan
8
Jan
5 Ve
Nov
3%
Jan
2
15%
May
Apr
5
1%
Apr
2%
6'% Apr
14
2
-
9
Oct
Dec
Apr
8
3%
6
115
6
Jan
51
Jan
16%
Dec
38
Mar
31
23% Apr
2
140
Apr
109
24
125
Mar
2l'/a May
14% Jun
106
Nov
117
Mar
54
Jan
57'A
Jan
Jan
9
88
Jan
15
104
Mar
par
58% Jan
4
70
Mar
23
53 % Apr
6
42 lA
oun
7
44
Jun
27
80
Jun
104
Jan
39
Apr
62
Jan
54'A Apr
28
Apr 16
17% Mar 29
4
Jan
17
July
46
2
Dec
21%
125
44% Jan
13
31
Nov
par
12
Jan
117
100
9
Oct
24
5
100
7% Jan
73%
110%
23 Va Mar 26
2
par
Jan
Jun
20
Jan
6%
107%
15
118% Jan
Sep
Sep
8
16% Jan
100
Dec
2'A
8'A
,
8
30% Jan
Jan
75
Apr
11% Apr
4
27
17% Jan
Jan
%
1% Aug
Apr
8
Jan
53
22
4%
12
Jan
40
Mar 30
6
12 %
15%
Apr
12
2
21% Jan
Jun
Mar
1%
Apr
Jan
1
Dec
3% Apr
9
25
Feb
Jan
15 Ve
24V2 Apr
112'/a Feb
B
27'A
69 Va
3
7
Dec
Dec
67
2
Jan
Feb
Jan
19
115 /
10
93
12
21% Mar 30
4% Jan
/ ' 571/2
Apr
15
2% Jan
2% Jan
Oct
50
12'A July
4% Mar 26
x20% Jan
Jan
108%
Dec
58 %
3% Jan
Dec
31%
July
8
16
13% Jan
Jan
32 Va
100% Jun
Apr
No par
No
■
109% Mar 31
..1
40
Deo
Apr
109
par
par
Oct
14
29
13
58% Jan
63 Ve
Feb
34% Mar 30
130 V'4 Apr
4
Mar
/";" 15
131% Apr
15%
Jan
23%
Oct
10%
Apr
14 'A
Nov
111%
6
Jan
121%
Dec
Nov
Apr
7%
Jun
37%
78
Jan
87
9 Vs Jan
Oct
par
2
13% Apr
5
7
May
12 %
Jan
par
19% Jan
12
30% Apr
5
8%
Feb
2
4% Apr
8
l%Muy
No
s
13
Mar 31
5
Jan
■
Corp
No
1
Special sales,
x
2
Ex-dividends,
y
Jan
Ex-rights.
fi Called for redemption,
20
2%
t Unit of
Dec
Jau
trading
Daily, Weekly and Yearly
Stocks
(Number
i.
■
Thursday
701,000
23,000
$6,000
-211,615
870,000
1,000
13,000
229.025
795.000
17,000
5,000
_
817.000
317,050
1.372.000
52,000
—....
1,424.000
_
:
-
;
;
'
258,585
-
—
1.051,000
45,000
-1,460,645
$5,368,000
$154,000
Week Ended Apr. 16
1943
$137,550
3,020,000
35,306,900
41,778,500
40,534,000
1,217,000,700
701,268.400
Stocks-No.
33,883,609
—
—
$24,000
...
$595,000
730.000
884.000
1,096,000
$5,546,000
:
1943
102,353,040
Total
$16,000
256,805
—...
—
Totai
■
Corporate
$579,000
-
~™~
™
Foreign
Government
——•
—
Wednesday
Foreign
Domestic
187,565
,
Tuesday
Bonds (Par Value)
0/
Shares)
..
1943
1,965,995
Bonds
U.
12
Jan. 1 to Apr. 16
1942
7,110,389
5
Jan
26 Vo Mar
Mar 30
Sep
19'A
28'A
Saturday
Monday—
A
Week Ended Apr. 16
1943
Stocks—No.
Jan
31
95
Jan
30
6
Friday—
$2,739,000
2
Feb
8
Cash sale,
$76,929,200
$74,079,700
13% May
"120
Week Ended April 16
Total
—-
7
"
'■
$236,000
13,246,900
23Ve
Jan
-
9,537,000
17.945,000
_
5
22% Apr
81
'
12,979.000
Monday.
36 % Apr
4
'
Jan
2
Transactions at the New York Curb Exchange
$8,047,000
Tuesday..
Wednesday
7
Jan
*
%
8 1/4
3
Aplr
Bond
Bonds
' 26% Jan
' 15'%
100
No
Apr
May
% May
3914 Apr
Total
Government
4 Vb
4
.—10
•
United States
3
3% Mar
90
Exchange
..
2
11% Apr
Dec
6
Zenith Radio
.
5
2
\l Mar 16
.10
Zonite Products Corp
:.
6% Apr
5% Jan
Feb
Jan
20
4
5,000
-
104%
Jail
6,300
Foreiqn
18
Sep
2
12% May
Jan
3%"
...
Sep
Jan
2'A
5
25
Jan
30
27%
Railroad
10%
97
25
Apr
113%
82
3%
and Miscel,
29
108
2
Mar
•
Jan
100
27%
Stocks,
Mar
5
Jan
—1
Door
3%
Number of
Shares
■
16
Jan
93
No par
Daily, Weekly and Yearly
Week Ended April 16
5
Jan
23% Apr
preferred series A
Youngstown Steel
27%
Transactions at the New York Stock
11% Jan
.100
Nov
91
104 1.
No
t5%%
4,300
r
May
67% Apr
pfd
10%
7% Aug
Youngstown S & T
16,000
Stock.,'
102
S
Young Spring & Wire
450
nNew
115% Mar 30
Jan
Nov
Apr
5
1
3%
delivery.
36
—10
...
3%
shares.
19
par
Mfg. Co
3%
Deferred
Mar
.-5
(Del).
3%
a
80
20'A
Apr
2
Conv series
27%
receivership,
41%
9
series
27%
tin
17
-
Mar 19
—100
x27'A
day.
Mar
78
Feb
x71%
Apr
91
*14% 'Apr
19
20
(Del)
27%
this
34
4
Jan
...
Jr
z
26 Va
4
Jan
preferred B__.
ts
50% Jan
' 67% Jan :
19
103
;.No par
No par
Co
Preferred
4
'
,
19
May
% May
8% Jan
20
Yellow Truck & Coach cl
129%
59
18
preferred
(Wm)
15
75 Va Mar
85
Motors
M
25% Mur 29
21
par
preferred A
Wrigley
4
13% Jun
Jan
100
Wright Aeronautical
500
69
~;i
„1
Prior pfd 4%%
Prior pfd 4% %
200
.1
,28
16%
♦125
11%
400
67%
27V2
16%
1
17% Jan
par
Apr
No
preferred
6%
July
.100
preferred...
conv
7%
3
6 %
No
Worthington P &
~
'
:
Jan
100
....No
) 5,600
Z
100 Va
*67
27%
'
1%
8
...50
prior pref
Wilson-Jones
300
8
100
Woodward Iron Co.—
Woolworth (P W) Co..
52%
IOOV4
66 %
129%
11%
140
123
104
G6%
130
34
36
52%
53
16%
*124
;
101,
66 %
26%
16%
130
,
/
Oct
Nov
...100
Ry Co
preferred
10,400
.
22
*130
*116
'
700
14
18
No par
Wisconsin El Pow 6%
35%
21%
140
*112Vz
/M
:
20%
35 %
.22
*122
130
*51'A
118%
36%
140
52
11.%
$6
Jan
Jan
No par
Wilson & Co Inc
300
*114 Va
r-i CO
*122
75
6%
Jan
12
100
Erie
Willys-Overland
Oct
39%
11%
.10
Wilcox Oil & Gas Co.™.
24,800
•112
*51%
900
39,300
71/2
11%
36
21%
Prior
:
11%
*114'A
36%
6
7V*
1181/2
-V
3'/2
5%
11'A
,11%
118 Va
23%
3%
Dec
1
6
100
Spr Co.:
No
White Sewing Mach
Corp
t$4 conv preferred...—...No
40
7'/2
*114%
,*115
*22%
.;
:
74%
11%
7*20
67
7'A
10%
21 %
2,500
*60
conv
Nov
8%
80%
Oct
24"
29 %
2% Jan
No par
White Motor Co.
White Rock Min
2,500
74%
7%
74
$5
Feb
Apr
May
4%
X65
24% Apr
8
White Dental Mfg (The S
S)
8,900
.
5%
4%
conv
16
5k
16% Mar 29
2
Wheeling Steel Corp
100
11%
10%
10%
,
7
11%
*73%
118%
21
11
19%
24
*23
5%%
Nov
20
Instrument...!...12.50
Wheeling & L
80
/'I,
62
73%
36
"A
24
62
*731%
21%
21%
10%
6%
74
*116
10%
*22%
>
70
V
v
4'A
3%
5%
3%
*60
67%
5%
./,
.
3,700
19
19'A
6
4%
*63
24
5'A
21%
20%
:<•
"50
21%
19
4'A
19%
540
A
88
*67
19
,1
60
•
21
67
*17%
20
108%
*87
19%
11
108'A
1
4
Jan
Co..;.
Westvaco Ch'lor Prod
-$4.50 preferred..ii
108%
Nov
5
50
1
*108V4
Oct
6
4
Jan
preferred
32 'A
28%
Elec
Apr
Nov
Jun
12% Jan
57
& Mfg
32%
5%
4
1st
Mar 29
109
Telegraph
Westinghouse El
10
32
pfd— —100
Air Brake
28%
4%
4%
67
7.800
f
>-
Supply
Maryland.
28%"'
*17%
-
91%
132
Auto
Westinghouse
18
Apr
13% Apr
Nov
16%
% May
8
100
Union
5%
41'A
2%
Mar 26
i5V8Jan
Apr
Apr
13% Mar
17% Jan
100
33%
21%
:■
9 l'/a
/( 8,000
46
84
27% Jan
preferred-—par
preferred...........
Western
7
share
per
par
......No
4% 2d preferred.
Western Pacific 6%
preferred
3,900
,15,100
20%
*129%
16'/«
Western
Western
20
S
3l'/a
8
2% Mar 29
79% Mar 12
par
3%
1
Highest
5
*27%
.
60
88
92'A
132
10
Jan
7% Jan
8% Mar 29
t
1942
—1
preferred
9,400
,
26
5
tWest Penn Pr Co 4%
%
West Va Pulp &
Pap Co
'■■t 4,200
l'/a
50
preferred
3,300
.
33%
20%
6%
t
10%
l'/a
33
12% Apr
4
par,:
*32
28 'A
108 'A
*56
21
l'/4
91%
*129%
*32
108'A
88
21%
91%
130 »A
130'A
'
.
108%
10%
36%
88'A
20%
108
10
34
28'%
64%
118%
10%
11/4
*5%
11
20%
9%,
33%
7
35%
9%
1V4
33%
♦22%
21%
9%
5%
7
♦116
9
19%
73%
*10%
5%
*107
7 r/c
800
23 Va
5%
is %
5'A
6%
22%
5%
18%
10%
*72%
22%
5 Va
*17%
3%
5
107 %
22%
51%
20%
4
24
10%
107%
22%
5
% Jan
Indies Sugar
Corp
..1
Penn El class A .......No
par
West
450
-
107%
18%
3%
15
4%
33%
•/-'.
90
200
V
22%
l'/a
'A
113
*141/2
West
110
*1071/4
20'/a
90
'•
76
4%
32%
GO
90%
113
15
19'A
64%
*23
15
10
5%
v
5%
3%
15
*17%
19
*60
114
*14%
71
751/4
4'% Jan
Oir&*8n6\t'Ctrii%—,eNo
$4 conv
13,300
22'/4
*108'A
*66 %
18%//
18%
114
27%
21
.
*112%
113%
33% •' "■>.
*87'%
*
77
108 %
27%'
*56
*88%
89
*75'%
Wesson
100
1
107%
*129%
108 Va
60
X88%
8
90%
*33
281/2
108%
70
90%
76
8
2
Previous
S per share
6
18'/4 Apr
Fdy & Pipe...—...No par
Washington Gas Lt Co......No
800
.
15
*87
90
76
14%
21%
4%
*129
33%
*27M{
108%
70
l'/a
■
89'A
'
69%
20%
20'/a
90%
69%
14%
49% Apr
4
Warren
2,800 "
73
14%
33%
32%
89%
14
•
89
*107
9%
14
*64%
114
14%
107%
13%
76
*112%
14%
-/•:
70
76
115
1107
14
89
77%
115
13%
*65
89
77
*1141/2
*107
.
12
Waukesha Motor Co
•.
131/4
*68
4-% Jan
No pur
No par
,W_ayi>e Pump Co...
Webster/" Bi«#;;LQhr
v
share
per
15% Jan
No
200
-
A
preferred
A 800
<
5%
t
38% Jan
„
900
5%
23
73
31%
share
per
No par
No par
B
$3.85
I
for
Tear
Lowest
No par
preferred
preferred.
Warner Bros Pictures.
200
Range
Range Since January 1
Lowest
Highest
$7
48.300
*18%
..
STOCK
Baking Co cl
Class
800
80
31%
Ward
2,400
43
81
31%.
Div redeem
2,000
12%
*79%,
.
YORK
EXCHANGE
Walworth Co
Walk (H) Good & W Ltd
300
11
42%
18%
15%
2>/«
42%
12
31%
19%
>80 Va
NEW
V
9,200
18%
*18
11
1%
12'A
80 Ve
for
Shares
7%
47%
18%
11
42%
31
share
7%
47V4
10'%
42
per
7%
*17%
1%
42
S
Sales
the Week
Par
47'A
18
10 '/a
share
per
7%
46%
18
41
11% -12
7%
10 Va
*1%
Apr. )<>
f
7%
45%
10
Friday
Apr. 15
per
71/4
10 %
"
J
STOCKS
Thursday
Apr. 14
share
per
RECORD
PRICES
Wednesday
Apr. IS
share
per
SALE
Tuesday
Apr. 12
I per share
HIGH
of
shares...
1942
Jan. 1 to Apr. 16
1943
1942
1.460,645
355,549
21,998,012
6,080,787
$5,368,000
$3,524,000
$70,699,000
$57,395,000
154.000
47.000
3,271,000
1,125,000
24,000
46,000
172,000
371,000
$5,546,000
——-
$4,017,000
$74,142,000
$53,s9i,ooo
S.
Government.
Foreign..
—-
Railroad
&
industrial..
$110,500
....
—.
2,739,600
74,079,700
$851,650
$3,296,550
Domestic
-
Fore ion
Total
$76,929,200
$38,464,450 $1,259,630,850
Below
listed
on
are
!_
government
Foreign
$745,098,950
ToU1
'.;
•
_
Stock and Bond
Averages
the daily
closing averages of representative stocks and bonds
Exchange as compiled by Dow, Jones & Co.:
the New York Stock
1
—Bonds—
30
Indus¬
Date-—
April
trials
10—
10
20
15
Rail¬
Utili¬
roads
ties
Total
65
Stocks
•
10
10
First
Indus¬
Grade
Grade
Utili¬
trials
Rails
Rails
ties
Second
10
Total
-40
Bonds
131.63
33.70
April
12..
17.90
45.21
106.84
131.27
98.89
33.70
110.45
95.04
April
April
13
18.05
45.16
106.92
131.18
98.86
63.91
33.33
110.47
95.04
14—
18.15
45.05
132.49
106.95
98.34
62.19
33.85
110,48
94.49
April
15
18.77
45.65
106.94
133.49
98.97
63.34
16
18.90
94.92
April
34.27
110.44
46.05
107.06
99.41
63.85
34.22
110.56
18.85
95.22
45.92
106.95
99.39
63.89
110.52
95.19
—
133.07
63.98
1943
Monday, April 19,
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1436
York Stock Exchange
my
New
Bond Record
FRIDAY
NOTICE—Prices
The italic
weekly range are shown
of the regular
letters in the column
unless they are the only transactions of
are disregarded in the week's range,
Interest
Period
Stock Exchange
Week Ended April 16
New York
Treasury
Treasury
Treasury
Treasury
Tremry
Trea I iry
Treasury
1946-1949
——-1949-1952
-1946-1948
1951-1955
-1955-1960
1945-1947
1948-1951
-1951-1954
3 Vis
3S_
2%s——
2%s
Treasury 2%s
Treasury 2%s
Treasury 2% s
Treasury 2%s
Treasury 2%s—,
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
113.8
—
.
l%s
Treasury
June 15 1948
_
1944-1964
1944-1949
3Vis
3s
—
Owners' Loan Corp—
A
—1944-1952
Vis series M
1945-1947
1
I
106.3
100,15
100.26
101.24
101.31
102.17 102.19
13
102.17
103.3
10
106.6
106.30
110.13
110.16
100.15 100.16
102.19
*
106.6
106.6
*110.13 110.16
105.28
5
109/9
107.10
108.10 108.10
5
108.10
108.10
109.12 109.12
4
108.15
109.12
108.21
108.23
108.26
109.23
*109.16 109.18
J-D
J-D
J-D
M-S
J-D
109.23 109.23
—
3
106.20
*103.22 103.24
103.24
IOOTIO
*100.10 100.12
1 OOl 2 3
100.21
100.16 100.31
100.5
100.6
*100.17 100.19
104.30
105.7
101.25
105.7
*101.15 101.17
101.25
*105.24 105.26
104.2
*104
*101.13 101.15
104.3
*104.1
100.28
100.14 100.15
100.28
*100.21 100.23
*100.17 100.19
(City) 5s
25-year gold 4%s—
1952
1953
':,
(Rep of)
100.12
,100.5
5
103.16
2
100.13 100.13
103.16
100.9
*103.27 103.29
100.16
*102.13 102.14
102.28
102.14
—
102.27
102.10
2
102.10 102.10
101.5
*101.3
Salvador 8s ctfs of
A El
A
M-N
J-D
dep
7s
extl 6s
(Republic of)
Estonia
(Republic)
Finland
French Republic 7s
unstamped
7s
New
1980
;-r.
part
paid
part
paid
ire maintain an
readjusted
(Prov) 4s
Mcndoza
assented
1943
extl 5s of 1899 £
1945
5s of 1899
1945
4s of 1904
—
1954
4s of 1910..
1945
6s of 1913 assent—,1933
stamped
(US)
A Mexico
,
Assenting
A
Assenting
AAssenting
Teletype
Members New York Stock Exchange
120 Broadway, New York
(State)—
A Sec external s f 6%s
A Sec externa] s f 6 Vis
A Montevideo
(City) 7s
^
1-1693
NY
1958
—1959
1952
-1959
series A
A 6s
South Wales
External
Norway
(Colombia)—
1947
,—1948
Akershus (King of Norway) 4s
1968
AAntioquia (Dept) coll 7s A—.—1945
AExternal s f 7s series B_—.—1945
A External s f 7s series C—
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 series—1957
AGtd
sink fund
AGtd
sink fund 6s——
6s
1958
(City) external 5s
AAntwerp
Argentine (National Government)—
S f external 4Vis—
1948
S f conv loan 4Vis—
1971
S i extl eonv loan 4s Feb1972
S f extl conv
1972
loan 4s Apr
(Commonw'lth) 5s of *25-1955
Australia
External
5s
of
External g 4Vis
1957
.—1956
1927—
of 1928
1949
external 6Vis
Belgium
External
s
1955
1955
f 6s
External s f 7s
(Central
Brisbane (City)
Sinking fund
Sinking fund
A 7s
1957
1957
—1952
1926
1927
AExternal s f 6Vis of
AExternal s f 6Vis of
Ry)
4%-4%s
Refunding s f 4V/4-4Vis
External read] 4%-4%s
External s f 4Vi-43/4s
3% external s f $ bonds
(Dom of)
-Jan
Jan
2y2s
3s
—--
—,
Jan
3s
ACarlsbad
A Chile
(City)
(Rep)
A 7s
17%
17%
18
18 %
11
A-0
*48
J-D
16
96%
48
84%
89%
81%
83%
46
78 %
83%
F-A
82
A-O
81%
81%
83%
68
79
J-J
85
85
88
30
82
M-S
84%
84%
87%
34
83%
M-N
80
79
79
56
82%
M-S
uos
98%
99
J-D
99 Vi
99%
V
A 6s
A Extl
A 6s
For
assented
sinking fund 6s
assented
footnotes
see
page
A4%s
99
99%
49
52%
62
36%
47%
47%
50%
77
34
50%
A-O
47%
47%
51%
57
34
51%
48 Vi
51%
22
34%
51%
87
88
88
1
88
88
88
3
83
87
92%
J-D
89%
A 4 %s
,
92%
1
71%
72
f-a
72
72
72%
a-o
74
74
74%
75%
74
75%
19
71%
A
78
55%
55%
1
48%
58
m-n
j-j
1953
AExtl sec 6Vis
Sul (State of)—
extl loan of 1921
——1946
external sink fund gold
1968
external loan of 1926
1966
8s
A7s
68%
73%
23
69%
72%
Santa Fe external
14
•
70
75
ASao Paulo
A7s
municipal
loan
sink fund 4s
(City of Brazil) 8s
A6%s extl secured s f——
JASan Paulo
(State)
108% 108%
-
25
107%
108%
30
100%
101%
A 7s
extl
101%
103%
A 6s
100%
100%
231
103%
103
j-j
100% 100%
2
water loan
100% 100%
30
97%
100%
100 %
100%
3
97%
101
j-j
102 Vi
102%
9
101%
102%
f 7s
Serbs Croats & Slovenes
A 8s secured external
A 7s series B sec extl
2
101%
102%
A
j-j
102% 102%"
101% 101%
14
100%
101%
100%
100%
j-j
m-N
....
'
101%
j-j
*10%
j-j
m-N
M-N
A-0
24%
24%
23%
22%
23%
23%
__
j-J
18%
5
20%
26%
18%
25%
3%s-4-4%s ($ bonds of 1937)—
External readjustment
1979
20%
26
25%
ys
M
-
55
18%
23%
24%
16
20
26%
W-
18%
25%
20%
23%
18%
25%
23
12
34
MS
23%
22
23%
*
43
External
:t
29
conversion
3%-4%-4ft extl conv,,
4-4Vi-4%s extl readjustment
3%s extl readjustment
AWarsaw (City) external 7s
A4Vi8 assented
32
30%
30%
40
54
39
52
"i
19
1
29
29
•
2
100%
101 Vi
*102%
102%
103
90%
362
104% 104%
6
72%
104%
107
123% 125%
4
106%
125 Vi
ty- 6'
"103 %
86%
125 Vi
90%
42
65
W.
42
30%
42
17
42
60 %
38%
2
42
42
65
47%
66%
62 Vi
56%
59%
17
45
51%
51%
52
13
42%
57
69%
85
*83
72
72
84%
72
85
82
72
85
30
30
20
30
*25
A-O
A-0
M-S
A-O
A-0
J-J
J-J
M-S
J-D
32
18%
28
95
95
99
97
100
*80
82
82
95
*99
•99
__
15%
23''
20
12
22%
79%
68%
79%
62%
70
85
97
20
20
,
79%
*64%
93
93
*14%
17
11
16
18%
18
Vi
15%
18 Vi
89
89%
82%
89%
*5%
1
11%
63
10%
14%
14
29
30
13
18%
32%
29
14
18%
32%
89%
89 Vi
*80
84
84
1
29
89
*86
87
82% v; 93
•
6
101
101% 101%
101 %
82%
92
1
100%
101
7
89
101
100%
101%
93%
93%
93 Vi
11
85%
87
86%
87
16
77%
86
86
1
80%
86
86
2
71
*70
79
f-a
*•
■'
«
■
86
j-d ,:
a-o
v;
m-n
j-d
81%
73
82
73 ■,%
81%
25
r";
*104
'
106
14%
28
;
25
i
27
V
27
20
19%
20%
111
13%
20%
19%
18
19%
327
12%-
19%
18%
19%
91
13
19%
16
16
m-s
j-d
v;
.
19%
a-0
*15%
a-o
17
*-i_
a-o
ft
23
23
17
14
16%
*15%
20
15
20%
*13%
16
12%
*23%
a-o
..
a-o
'
j-j
r
j-j
.
'•
w
".L
#
-
\
...
..
28%
16
17%
30
27%
27%
2
17%
30
30
35%
*38%
~1
90%
96
30
30
30Vi
17
18%
31
29
26
30
43
16%
30
20
33
92%
f-a
a-0
f-a
92%
*30%
30%
j-d
,31
30
j-d
Vi
33%
29%
31%
29
17
31%
29%
a-0
31
13
18
31
28
30%
17%
30%
73%
80
18%
34
17%
33
*77
'
m-s
5
80
34
m-n
'
m-n
,
34
15
32%
33
32
51%
51%
46
46%
5
j-j
46%
*45
m-s
64%
64%
*12
J-D
,1978
1984
1958
.1958
F-A
J-J
F-A
F-A
*12
51%
32
46%
45 Vi
29%
65
16
16%
41%
67%
16%
11
25
62
10
*44
j-j
41
29%
j-j
51%
3
1978
16%
28
:
m-n
1979
77
70
1
81%
80%
m-s
86
86
72%
81%
m-s
89%
>
32
*80%
'w—
94
72
m-n
M-N
M-N
14%
•
*85%
a-o
a-0
14%
11%
14%
14%
F-A
M-S
m-n
12
9
14
*12%
A-0
j-j
14%,
12%
13%
13%
M-S
M-S
J-D
M-N
j-d
%
11%
10%
10%
M-N
Q-J
Q-J
J-D
J-J
J-J
M-N
M-N
20
46%
30%
100% 100%
100%
F-A
F-A
1960
1964
Vi s assented
1958
1958
.61
51%
*46
M-N
1946
extl 7s
61
52
50
50
50
J-D
AUruguay
AExternal sink fund 6s
A4
(Prov of)
83
25%
23%
.
40
1955
Silesia
AExternal sink fund 6s_
22%
•
*30%
21
.
38%
i
16
37%
M-N
M-N
J-D
J-D
F-A
F-A
25%
23
j-j
Jan 1961
Jan 1961
Sep 1961
(Kingdom)—
—1962
1962
26
—
f-A
s
20%
f-A
1961
S A Secured
5%s
(Republic) extl 8s
*21
23%
M-N
F-A
*30%
Sydney (City) s f
24%
A-O
„
— -
1950
—1956
1968
1940
extl dollar loan
j-j
1967
.1964
.1952
1957
1936
8s
external
A 8s
100% 100%
A-0
1966
Rio Grande do
33
...
1963
,1961
APrague (City of Greater) 7%s—1952
Queensland (State) extl 6s
1947
a Rio de Janeiro
(City of) 8s_
1946
92%
71%
m-s
assented
(City of) 8s
AExternal loan 7%s__
A6s
92%
gold 8s_—1950
APorto Alegre
93
92%
,,j.—..i—1958
—
AExternal sink fund
91%
F-A
assented
AStabilization loan s f 7s
—1947
A4Vis assented
,————1968
53
A-0
1940
gold 6s
SAPoland (Rep of)
99
50%
J-D
1955
extl s f 5s ser A-1963
A Stamped assented 5s
1963
Stamp mod 3 Vis ext to
1994
Ext sec ref 3%s series B
1967
APernambuco (State of) 7s
1947
Aperu (Rep of) external 7s
1959
A Nat loan ext) s f 6s 1st ser—1960
ANat Loan extl s f 6s 2d ser_
1961
(Rep)
18%
*30%
F-A
—1944
sink fund 4Vis
(City)
APanama
91
J-D
Feb 1961
1440.
Oslo
94
97
3
Sep 1961
ARy external s f 6s
'94
96 Vi
~9
J-J
1960
Feb
assented
83%
96%
"98% 100
I960
sinking fund 6s
100
89%
'
A Extl
18%
54
88
M-N
1942
assented
18%
53
1954
assented
18
42%
55
98% 100
98%
M-N
44%
;
;
v
,23
16%
17
,,
A-O
18%
16
2
1942
8s
External s f 7s
AExternal sinking fund 6s
A 6s
A-0
18%
15%
18%
18%
18%
f-A
15 1948
15 1953
15 1958
16
15%
6
18
1943
1961
1944
1967
1968
.
18%
17%
1960
30-yr 4s
2Vis
25-year 3Vis
7-year 2 Vis
30-year 3s:
30-year 3s
10-year
15 %
*18%
18%
45
F-A
sink fund 4Vis
1956
sink fund 4 Vis——1965
4s sink fund extl loan
—,1963
Municipal Bank extl s f 5s
,1970
18%
:':1
18 ; S
15%
A-0
J-J
59%
44%
1943
External
15
18
J-J
59%
1957
1958
;
6s
External
50
—
'
J-J
5s
External
18%
m-s
1984
Ve
50
46
50
17%
J-J
1961
1977
—1976
1976
1975
External s f
*65
M-S
M-S
s
stamped
Canada
50
f
s
external 6s——
44
*43
A-0
1957
1958
1950
f 5s
,
gold 5s
gold 6s
Aires (Province of)—
Buenos
A6s
1941
(U S of) external 8s
9 A Brazil
F-A
52
(State)—
External s f 5s
& Municipal
Agricultural Mtge Bank
'.i6
Minas Geraes
New
Govt.
60
Mexican Irrigation—
WERTHEIM & Co.
Foreign
A-0
J-J
A-O
59%
•
17%
J-D
J-D
SATreasury
2-2300
J-D
1954
1954
Foreign Securities
REctor
2
24 %
24
20
AMedellin
(State Mtge Bk) 7s
(Colombia) 6Vis
A
Telephone
23 %
17%
5
1957
A4%s
and other
18%
21
AJugoslavia
South American
2
21
21%
A-0
A-O
M-N
A-O
(Republic) s f 6s series A—,1952
Helsingfors (City) extl 6%s
1960
Irish Free State extl s f 5s
—I960
active interest in
12
23%
,1968
Haiti
24%
22%
1964
A6s
24%
17%
.-.v.
A7s
104%
103%
38
103 Vi 103%
103%
J-D
—1949
1949
stamped
Greek Government—
York City
Transit Unification Issue—
3% Corporate Stock—.
1961
1969
1969
1948
1967
1945
24%
22
22
M-S
series
24
17
V- ~4
27%
21%
1942
1940
1940
1st
25
.21
23%
>.'
A-O
5Vis 2d series
25%
17%
15
22%
.—1962
■
•
20
F-A
JADominican Rep Cust Ad 5%s
§ A 1st series 5%s of 1926
§A2d series sink fund 5%s
Customs Admin 5 Vis 2d series
;
25%
21%
1955
102.10
22%
21%
•22%
J-D
J-J
J-D
A-O
A-0
J-J
5 Vis
M-S
M-N
21%
28
23%
26
18 Vi
19%
22%
Vi
23
M-N
gold 5Vis
26
20%
M-S
External
High
18%
21%
7s_—___ 1951
Rica
Low
24%
~5
23%
22%
A-O
M-N
M-N
M-S
M-S
(Republic of) 5s of 1904—,1944
External 5s of 1914 series A
1949
External loan 4%s
1949
4%s external debt—..
—;
1977
Sinking fund 5Vis
—1953
A Public wks 5 Vis
;
,1945
ACzechoslovakia (Rep of) 8s ser A.1951
ASinking fund 8s series B
1952
JADenmark 20-year extl 6s
—1942
ACosta
Cuba
External gold 4%s
100.5
*102.7
i.
Copenhagen
v4.
100.10
100.5
f
s
ASinking fund
*100.12 100,14
*100.8
external
ASinking fund
106.20
103.24
*103.28 103.30
107.7
1927
3s
106.13
*100.4
1928—
of
AColoinbla Mtge
106.20 106.20
J-D
J-D
M-S
J-D
J-J
J-D
J-D
M-S
J-D
J-J
M-S
J-D
M-S
J-D
J-D
J-D
of
A 6s
106.13
106
11
106.9
M-S
M-S
M-S
Oct 1961
Jan 1961
$ bonds,.
1970
Bank 6%s,_
,1947
7s of 1926,
1946
7s of 1927—
1947
A 6s
*106.12 106.14
No.
(Republic of)—
Colombia
104.4
*•104.2
High
J-D
J-D
A-O
,1961
1961
A6s assented.
.—1961
AGuaranteed sink fund 6s
1962
A6s assented—;
1962
AChilean Cons Munlc 7s
1960
A7s assented
:
,
1960
AChinese (Hukuang Ry) 5s__
1951
104.26
107.6
January 1
Low
-
•
M-N
M-N
J-D
J-D
ASinking fund 6%s—
A6%s assented
AGuaranteed sink fund 6s
110.15
104.5
104.5
104.5
*106.28 106,30
Sold
a-0
1961
_
Bank 6%s„_.
A6Vis assented
110.11
27
-
110.15
110.8
assented—..
Range Since
Asked
Last
A-O
1963
—1963
,1957
1957
—
*110.19 110.22
110.15
1962
AChile Mortgage
105.28
110.6
*105.30 106
1962
§§ assented
A 6s
Bonds
Sale Price Bid &
Interest
Period
( v'
(Continued) —
sinking fund 6s
(Rep)
v
16
AExternal sinking fund 6s
•
*101.10 101.12
Home
3s series
105.5
a
*107.20 107.22
Mortgage Corp—
Federal Farm
114.1
1
105.5
103.5
103.5
AChile
AExternal
113.7
Ended April
Week
High
Low
9
113.8
113.8
M-S
.
Treasury
Treasury
January 1
NO.
High
Low
J-D
——1956-1959
-1958-1963
1960-1965
2Vis
;—
1945
2 Vis
,,1948
2Vis
1949-1953
2Vis
—;,_,_1950-1952
2Vis.
1952-1954
2Vis
1956-1958
2Vis
—1962-1967
2Vis
—1963-1968
2Vis—1967-1972
2%s_
_____—1951-1953
2%s
<—,,,1952-1955
2 Vis
1954-1956
2s_™-—-—1947
2s
Mar 15 1948-1950
2s
Dec 15 1948-1950
2s
_Jun 15 1949-1951
2s
Sept 15 1949-1951
2s
_—Dec. 15, 1949-1951
2s
1950-1952
2s
1951-1955
2s
___1953-1955
1944-1954
3%s—_______—-—1946-1956
3%s
—.—1943-1947
3%s___
___1943-1945
3'As
__1944-1946
—
.
3 Vis—_—,
Treasury 3s_____
Treasury
Sale
A-0
J-D
M-8
J-D
A-0
A-0
J-D
J-D
J-D
M-S
M-S
M-S
M-S
—___1947-1952
4% 8,—
4s
i
Treasury
Treasury
Sold
York Stock Exchange v
New
Range Since
Government
S.
I).
Bonds
Last
Week's Range
or Friday's
Friday
BONDS
Week's Range
or Friday's
Price Bid & Asked
Friday
BONDS
for the year.
No account is taken of such sales in computing the range
the month when the bonds mature.
Period" Indicate in each case
headed "Interest
YEARLY
■
and defaulted bonds. Cash and deferred delivery sales
in a footnote in the week in which they occur.
interest"—except for income
"and
are
and when outside
week,
the
WEEKLY
-
16%
n%
90
—
*79%
—
68
78
69
*60%
Vi
68%
69
72%
67%
68
66
72
52%
*58
12
*10
*10
18
64
60
67%
85%
61%
25
78
85%
—
*64
68
90
84
—
*79%
68%
12
85
84
*88
*81%
13%
11
60%
12
13%
Volume
157
Number 4169
THE COMMERCIAL
& FINANCIAL CHRONICLE
1437
.1,,/
NEW YORK BOND RECORD
BONDS
New York
Week
Stock
Ended
"
1
Exchange
April
Friday
Interest
10
Last
Period
JAbitibi Power & Paper—
$A5s series A unstamped.
Coll
1953
trust 4s of
Gt
1907
1st
Southern
4s
cons
1st mtge
1st
series
1947
B
ser
mtge
with
warrants
5s
modified
J-D
.'
A 5s
&
Am
Internat Corp
3s
A
97 Vi
.1959
.1959
94%
99%
99
81
70
92%
18
60%
83
67
71
373
53%
75
62
M-S
68
70%
103
%
18
108% 108%
M-3
M-N
85%
102
107
13
85
86 Vi
366
104
104
105%
36
105% 105%
15
104
78%
A-O
J-D
108%
,
M-S
111%
38
107'%
107'%
110% 111%
326
103%
102% 103'%
66
100%
102 % 103
14
98 %
24
51%
JAnn Arbor 1st gold
Ark & Memphis Ry
Armour & Co (Del)
sink
fund
1967
4s
Jan
_._1995
4s B
M-S
;...__._1955
series
C
65
102
F-A
(Del) .1957
61%
65
Q-J
Edge & Term 5s 1964
4s
61%
106
102
General
Adjustment gold 4s
Stamped 4s.——
Conv
61%
70
102
102
Conv
103%
106
Cal-Ariz
Knox
Atl
&
1st
&
1st
Coast
General
&
1st
Second
95'A
105'%
109
109
109
13
105'%
109
cons
99'A
J-D
*101%
J-J
113
111% 111%
i960
5Vis A
Ohio
103
J-J
M-S
70
69%
M-N
84%
82
1st 4s
1948
J-J
1959
89%
J-J
1948
tr 5s
J-J
—1953
4s
41
114
112%
111%
38'%
247
23%
40%
13%
12%
14
*39%
49
J-D
35%
78
6%
132
6%
104'%
72
85%
87%
158
35%
15%
20
:~i
50
36
A-O
*111
111%
110%
81%
81
82
68
J-J
37
34
38
395
34%
18%
40%
31%
36
234
16%
32%
37%
.29%
33%
174
16%
35 Vi
11
108%
J-J
Va
109% 109%
93%
92
84%
94
84%
303
85%
68%
98
74'%
86
42'%
49
37
34
29'%
37
42
100%
103
23
104%
106
32%
95%
88
70%
83 %
99
36
130% 130%
90
92%
100%
6
130%
132
16
104% 105%
*105%
105
102 Vi
102
105%
22
J-J
119% 120
J-J
8
*117%
A-O
25'%
J-J
;
23
96%
96%
J-J
100
92%
F-A
76%
85%
RR—
(conv)..
1997
J-J
1982
28%
45
92%
98'%
97
93%
series C
128
81
94%
119
65
78
84%
86
145
73%
86%
37%
72%
41%
40
88
72
J-J
1966
45
121%
72%
16
66
40
75%
41%
30
23
38%
31'A
45%
42%
38%
40%
27
31'A
35%
37
26
29Vi
9%
11
75
6%
39
J-J
/
M-N
-May 1966
Chicago Ind & Sou 50-year 4s
1956
32
118
40
J-J
.1947
Alst &
99%
92%
77
*120% 122
J-J
100%
97%
89%
39%
J-J
97%
96%
38
98%
74%
•:
M-N
4s series A_—1988
115%
15%
99% 100
F-A
120
115 %
667
97%
*—
1971
118%
w.-'
•
26'/a
*..
—1977
:
106
...
M-S
1st gold 5s
ARefunding 4s
111
104% 105%
104%
J-J
1949
gen 5s series A
Alst & gen 6s series B
43%
28
•
71%
55%
247
88%
98
1949
inc
83%
83
30
64
*87
67
•
M-S
1958
mtge
71
20
109
F-A
-
—„;
111
110%
J-J
M-N
AGen inc mtge 4%s
—2038
JAChic Ind & Louisville ref 6s A—1947
ARefunding gold 5s series B——1947
90'A
34%
104'A 105
4s
Chicago Gt West 1st
72
39%
104%.
Division
Chicago & Erie
63
238
16'%
35
'
103%
102%
AGen
110
102%
7
71%.
103
> M-S
35
87%
J-J
M-S
—1989
-
registered
Chicago & Eastern
112
102% 103
36%
:
68%
12%
F-A
1992
1st & ref 4 Vis series B
1st & ref 5s series A..
5
103% 104'%
87% 89%
J-D
1952
64
"
—
General 4s
T
103
4s—July 1952
—1964
51
85%
M-N
—1948
Ry—
gold 4Vis
Illinois
100%
109%
103
A
Refining deb 3s
12
J-D
J-J
—1944
Oct
96%
J:
—
112% 113
M-S
30%
82
13%
A-O
Chicago & Alton RR ref 3s
..1949
Chicago Burlington & Quincy RR—
Illinois division 3Vis
1949
3 %s registered.——
—1949
101
4
1946
gold 4s
& W I SS coll
Atlantic
13
—1944
mortgage 4s
Gulf
3
100%
109
.1962
gold 5s—
Atlantic & Danville Ry
Atl
99%
100
J-D
16
36%
A-O
Bank'g of Ga 5s__1942
A
116%
109
1955
1st 4 Vis A
unified 4Vis
coll
N
111%
J-D
1960
—
ref 4Vis A—
Nor
141
M-N
1st 4s__-—1958
30-year 5s series B
Atlantic
L
1st
&
Charl A L
113% 114%
Nov
—1955
gold 4s of 1910
gold
&
2d consol gold 4s__
106%
103%
1995
1905.-
Trans-Con Short L
Atl
114%
49
84%
F-A
4s.—1954
gold 4s_—1989
26
20
1995
gold 4s of 1909—
Conv 4s of
.1962
1st gtd
5s
-
A-C
47
—1987
Ref & impt
mtge 3%s D—__.1996
Ref & impt M 3%s
series E
1996
Potts Creek Br 1st 4s
1946
R & A Div 1st cons
Atchison
Topeka & Santa Fe—
General 4s----—.—.1995
L
Prod
Chesapeake &
111%
103'%
103
61
5
.
105% 106%
105% 106
J-J
107
3
57%
—
109
103
Anglo-Chilean Nitrate deb
Certain-teed
108%
34
A-O
3s
Guaranteed
SACenlral RR
108% 108%
108% 108%
108%
registered
gtd gold 4s_1949
106
>
1987
—
.Through Short
•
J-J
4s
Central N Y Power 3%s
Central Pacific 1st ref
86'%
105%
M-N
deb
4s
108%
104
105%
AGeneral
105%
.1962
Co
Central Illinois Light
3%s—
1966
t A Cent New Eng 1st
gtd 4s__
1961
$ A Central of N J
gen gold 5s—1987
5s registered
;.1987
90% 100'A
41
102
1966
97
48
102% 104'%
98
102%
•
Vi
*60
1961
93%
1'
106'%
1
17
A-O
19
110
101
123
A-O
5s series C
89 %
F-A
1956
5%s series B—
gen
77%
69%
Telegraph Co.—
debentures..
gen
AChatt Div pur
money gold 4s._1951
AMobile Div 1st
gold 5s——.1946
87
A-O
1949
ARef &
ARef &
63
—
56
103% 104 Va
75
108%
6
101% 102%
F-A
66%
75%
A-O
1952
99
56
High
62
"4
104
M-N
109%
Wks & Elec 6s series A...1975
Tobacco
Wat
1st
89
1945
—1945
62
1
99%
Nov
108
7;
A-O
1949
debentures
conv
Amer
Am
&
98
Low
79
,
5s—-ii—
14
66%
*96%
F-A
:
2030
5%s__
conv
99
Alst mtge 5s
§ A Consol gold
No.
102
'
J-D
25
*63
J-D
,
J-J
Range Since
January 1
Sold
108% 108%
103 % 105
J-D
1948
Bonds
High
*74
F-A
62
65
—
M-N
1962
102%
Friday's
Bid & Asked
M-S
.1950
Branch U P 1st gold 4s
^Central of
102
101 Vi
%v.. '•
-.1951
G Cliem conv 5Vis
American Telephone
3%s debentures.
3Vis
102
6
J-J
w——1947
w
A cent
or
Sale Price
Low
1965
debs—
Celotex Corp deb 4Vis
1
Week's Range
Last
Period
1981
Georgia Ry—
5
1950
Foreign Pow deb 5s
Amer I
105
102
A-O
Alleghany & West 1st gtd 4s_._._,_1998
Am
102
A-O
1949
Allied Stores Corp 4Vis debs
Allis-Chalmers Mfg conv 4s
Friday
Interest
Celanese Corp 3%s
102%
101% 102
.1950
income
'
16
Cart & Adir 1st
gtd gold 4s
102
103%
108% 109 Vi
A-O
1944
i
102
A-O
1948
modified....
modified—
102
102
—
-
103% 103%
M-iV
U.1948
.w
5s
103%
64 Vi
J-3
Albany & Susquehanna RR 3%s
.1946
3Vis registered
1946
Alleghany Corp—
..-A
5s
/
■
Exchange
April
Carolina Clinch & Ohio 4s„
Carriers & Gen
Corp 5s w w
71 Vi
J-D
3%s____1972
assented..
Stock
Ended
High
48 Vi
64
*102Vi
•■w
P-A
A__:,-A__._...19G7
1st
64
*103 Vi
J-D
1
1943
3Vis
Albany Perfor Wrap Pap 6s.
6s
J-D
5s___1943
Power
Alabama
York
Week
70 Vi
M-S
1946
A
cons
Low
J-D
_1948
10-year deb 4%s stamped
Ala
No.
BONDS
Now
tSACarolina Central 1st gtd
4s—1949
...1953
Express coll tr gold 4s
'
January 1
High
V
.,
Range Since
Sold
1
AStamped
Adams
'
Companies
Low
'
V
•
Bonds
Sale Price Bid & Asked
1*
Railroad and Industrial
Week's Range
or
Friday's
10%
45%
43
-
40
13%
J-J
10
10%
26
J-J
6%
80
82
23
66%
13%
83
,
tChicago Milwaukee & St Paul—
AGen
1st
Ohio
&
Oct
1
Ref &
July 1948
Ref
1946)
1
&
Ref &
due—.
72%
69%
A-O
74%
72%
J-D
46
Sep
1 1946)
AConv
—1995
1%%
due.-——1995
due.——
J-D
due—
>
2000
M-S
M-S
Feb 1 1960
Cin Div ref 4s A
4s
ref
J-J
53%
43%
53
58%
C
53%
May 11989
63
J-J
58
40 Vi
55
E
52%
58
464
May 1 1989
J-J
58
44'A
60%
4%s
series
F
52%
58
113
45
J-J
60
57%
52%
58%
171
45'A
60
F-A
32%
27
33
4,409
A-O
18'A
33
10%
10%
6,270
4%
M-N
44%
43%
32%
47%
43%
43'A
37
30%
46
46%
43'/a
46%
181
33%
50
Loan
2%s_
44
46%
102
32%
46%
154
32%
47%
36 'A
725
24%
37%
65%
130
51%
158
40'A
61
46
;
55'A
72'A
1956
A-O
gold 4%s series JJ—
mtge
4s series RR
104%
Debenture
1st lien &
6s
•'
to
modified
1946)
8
100%
F-A
'
Bush Terminal 1st
Consolidated
Bush
Term
4s—...
5s__
103% 105%
;
236
••
2
■
84
49'A
53'A
35
39%
33
59%
29%
33%
186
23%
33
29%
34%
33
402
22%
35
33%
29 %
33 %
7%
6%
175
39%
54%
23%
37
9
23
*105 '/a 105%
104%
A
46
1934
A-O
-
——1952
'
—
—
'
A-O
——1955
35
48%
1,453
19
1952
M-S
29
28'A
26%
29
479
M-N
20%
309
4%
Union
5s
1st
105%
Cin
106
5s
&
mtge gtd
Elec
3Vis
18
19'A
16'A T7%
86 Vi
*84'A
68%
68%
69
A-O
85%
85%
85%
St
27
107%
20
100
99% 100%
72
94%
M-S
100%
29
97
A-O
100% 101
64%
47
A-O
48%
'42
M-N
44
F-A
J-D
M-N
1969
4s
1st
108%
102'A 103%
108%
coll tr
F-A
J-D
74
41
69
: 38
23
28%
45
1
108%
110
110%
111'A,
109
110%
109%
112
J-D
V, *111% 112
A.
n~l
110 % 110'/a
r
:
*110% 112 Vi
48
150
11%
11
19%
86
Series
C
3Vis
58
70
•Series
D
3Vis
77
86
57%
348
—.1991
General 4 Vis series A____
Gen & ref 4Vis series B
71
85%
53
J-J
56
55%
56%
78%
1P90
gtd
5
11
56%
gtd
13
85 Vi
81
Cleveland Elec Ilium 3s
Cleveland
&
1966
Canadian National gold
Guaranteed gold 5s
Guaranteed gold 5s
A-O
1957
4 Vis
A-O
1962
J-J
July 1969
.—Oct
Guaranteed gold 5s
108% 108%
89
A-O
-—1970
90
108%
79
109%
J-J
.1948
s
f 4'is
60%
46
58 %
78%
5
65
81%
17
106%
113
113%
108'% 108 %
8
111%
10
108'%
109
114% 114%
21
113%
115%
114'% 114%
17
113 Vi
A Colo
series C
Iron 5s
& South
.1961
;
108
108
./'v.
108
G
&
of
E
Guaranteed
gold
4%s__
1955
J-D
113%
115%
114%
114% 114%
6
gold
4%s
1956
113%
F-A
113%
gold 4Vis
1951
Canadian Northern Ry deb
6Vis.—1946
Can Pac Ry 4% deb stk
perpetual
11.2% 113%
110% 111
5
111%
M-S
114%
113%
11
HO'%
111'A
112% 112%
14
Columbus & Sou
112
113 %
Columbus & Tol
Coll
5s
trust
4%s
1946
trust
Collateral
For
gold
footnotes
81%
81
81%
35
71%
,
A-O
85%
86 Vi
100'%
104%
102'A
4%s
95%
101%
see
101%
J-J
104'A 104%
3
J-D
100'4 101%
94
—I960
page
1440.
.
J-J
101%
957/a
95%
102
96
Debenture
25
71
86%
A-O
88%
86
88%
41
75%
89%
A-O
80
76%
80%
107
64%
82%
.1977
—
A-O
11
91
ACommercial
Income
105
96%
.
deb
debs
J-D
70
72
A-O
72 Vi
86
87%
47
59%
—1980
86
M-N
38
K-~N
100
A-O
36
100
*37
.—1961
1st
extl
gold 4S..1948
Ohio EI
3%s
1970
1st
4s.
1955
extl
J-J
38
—
99% 100
96%
95%
97%
■v-A'
558
8
164
*109% 111
A-O
109'A 109'A:
M-S
*107%
F-A
—
104
80
227
;
99% 100
75
103%
*103%
.
5s_—May 1952
—Apr 15 1952
24%
•
,
25%
9 2'A
93
88
110
4
—
87'A
38
37%
100
100
97%
110%
108%
110
112%
112%
Mackay Corp—
w
w
Commonwealth Edison Co—
1st mtge 3%s series I—.
Conv
.1945
.1970
deposit————
5s.
105
■
*105%
J-J
108
105
>
.1972
mtge—
Debenture 5s—
82%
2
M-S
1954
5s
trust
J-J
1944
—
equipment trust ctfs
Coll
112%
inc
deb
Columbus & H V
J-J
108
108
*105
...
.1973
4'is series A
A Certificates
Columbia
108'A
105
F-A
F-A
.1981
River Ry 1st gtd 4s__—
Colo Fuel &
Guaranteed
Guaranteed
85%
18
M-N
.1977
...
f 5s series B gtd
90
114%
F-A
87
107% 107%
M-N
.1950
s
Coal
1
17
113%
J-J
1969
89
%
46%
'
4s_
gtd 5s A
53
Pittsburgh RR—
1st
cons
74
20%
20
85
J-J
1970
35%
100%
101%
224
109% 109%
__
109%
103 '/a
44
.1977
gold 4s
175
1st
California-Oregon Power
A
53
.
.
41%
Louis Ry—
Cleve Short Line 1st gtd 4Vis
Cleve Union Term gtd 5'is
Canada Southern
62
100'A
1993
Ref & impt 4%s series E.
Cin Wab & M Div 1st 4s
47
72
103%
1971
General 5s scries B
&
gold
L Div
65
62%
17
J-J
1993
115%
St
53%
49
71
58%
75
J-J
.1966
gtd 3Vis D
110%
■—
11%
67
.
88
■
J-J
1967
1st
110%
A*/
68
*57%
31
70
65
1952
3%s series E
Chic
General
70
M-S
1943
-
cons 5s
112
"
J-D
75
36
*44
mtge 3Vis.
Cleve Cin
87
65
65
1957
Union Term
1st
90%
103
8%
*70
J-D
1963
5s
Cincinnati Gas
'—
86%
deposit
JAChoctaw Ok & Gulf
109%
87
632
Station—
deb
Debenture
7%
J-D
1951
mtge 3%s series E
Co
8
J-D
Dec 11960
34
J-J
——1960
49%
25
27
99
43
18%
A
33%
45%
Childs
at
M-N
47%
6
■
54
24
37
83%
9%
46%
42 Vi
112% 113
'
—
104%
50%
34%
45%
88% 89%
102% 103
102%
—
108%
50
...
1st mtge 3Vis series F
—1963
Chic & West Indiana com 4s_„
1952
1st & ref 4Vis series D.
—1962
84%
14
50%
4
46%
1st
89
490
F-A "
23
1,090
8
26%
A Certificates of
96%
73%
U—•*
50
J-J
deposit
Income guaranteed
90%
92%
'
104% 105
89%
M-N
78
*100%
■
104%
J-D
.
80
■
:
:v l :
51%
35 Vi
183
A-O
Chicago
119
•
34
A-'
16
50%
33%
50
M-N
Chic T H & Southeastern 1st 5s—1960
■
89
96%
109 Vi 109%
M-N
deposit—
Bldgs 5s gtd
47%
57
1988
104%
■
L-
'
M-N
—1957
of
43%
53%
1934
of
Memphis Div 1st gold 4s——
101%
102%
J-D
——
Certificates
105
11
^Burlington Cedar Rap & Nor—
A
103%
103
109%
Ry—-
due
§ Alst & coll 5s
-—1949
.
103%
53
■■'
F-A
(interest
i
15
82%
■
Stamped
47
57
J-D
AConv
99%
38
88
^
F-A
series C—1967
Niag Elec 3%s
50
34
gold 4%S—1960
Chicago St L & New Orleans 5s
1951
Gold
3%s
1951
100
98%
104%
96%
M-N
—1957
99%
2
103
83%
.—1981
Buffalo Rochester & Pgh
33%
J-D
Railways 1st 5s stpd
part paid——————1927
A Certificates
131
102%
88%
M-N
gold 5s._.—.——1950
128%
*103% 103
'
A-O
A——1947
Elec 4 Vis B
•'
J-J
1950
ref 5s series B_.
Buffalo Gen
24
21
J-D
stpd——May 1 2037
May 1 2037
4%s C—
§ A Refunding gold 4s—
§ A Secured 4 Vis series A
'
M-S
July 1970
7 ■ ,iv
104
M-N
.——1966
104%
*103
F-A v;
1st 4s—1955
series
4Vis
JAChic R I & Pac Ry gen 4s._.
94
104%
101% 101%
■'<
-
J-D
Bklyn Union Gas 1st cons gold 5s_1945
ref
ref
AConv 4%s series A
75
99%
104 Vi 104%
104
1961
Alnc mtge 4%s ser A
Bklyn Edison cons M 3Vis
Bklyn Union El 1st gold 5s
&
ref
&
45%
■
9
..••
104% /, 104
y
60
45%
82%
102%
5
99%
*99 %
T:'
-A.—
/; h'"^'
'/A' yAv'
■:
e:
99%
——'
■•/:.■:
J-J
1960
.
La.';
•
A-O
—.—1955
JAEoston & N Y Air L
&
75
A
'
8
1
129 Vi 130
J-D
1st 5s A C——1967
1st
73
93%
A-O
-—1944
1950
1st
59%-:
93%
">A
II
69%
*45%
F-A
3%
21
47
46%
46%
M-N
M-N
Alst
\
32
43
46%
M-N
——1987
6%s——1936
Alst & ref gold 5s
May 1 2037
25%
102% 103
—I960
Buffalo
57%
J-J
1952
1st mtge 4s.—
1st mtge 3 Vis—
.
A-O
mtge 3%s series H——1965
series
stamped——
Alst
73
mtge 3s series G.
Maine
5s
51
10%
44%
M-N
M-N
p
n
45%
M-N
Fed inc tax.—1987
stpd Fed inc tax——1987
stpd Fed inc tax
1987
AGen
59%
Consol
5s
—1987
—
7%
M-N
M-N
§ASecured
'
Con sol
Knox
registered
A4 Vis
66%
49%
J-D
Consol mtge 3'As series F——1959
Big Sandy
—1987
.—1987
4s
AStpd 4s
1987
AGen 4%s
56%
57%
registered
AGeneral
47%
44
59%
S?
Jan 1 2000
tChicago & North Western Ry—
AGeneral gold 3Vis
4s
32%
—1950
debentures.——
lien
53%
46
J-J
1960
Beth Steel 3%s conv debs
1st
35%
adjustment 5s
tiAChicago
1st & ref 5s series O
M
52
46%
J-J
1st
47%
61%
J-J
1959
———
Indus
249
series
3Vis
49%
j-j
Boston &
32%
35%
.1951
Blaw
194 •/;
63%
stamped.——^-1951
Battle Creek & Sturgis 1st gtd 3s—1989
Beech Creek extl 1st gold 3%s—.1951
Bell Telep of Pa 5s series B——1948
Beneficial
.57
series
3'/2s series B„May 1 1989
77%
233
;-.i:
60%
F-A
4s
2%s
80
Aroostook RR—
Bangor &
50%
May 11989
tChic Milw St Paul & Pac RR—
AMtge gold 5s series A
1975
75%
M-N
gold 4s extended to
1951
S'west Div 1st M (int at 3%%
to Jan 1 1947) due.——1950
Con
59%
to
Ref
Toledo
:/
47
pgh L E & W Va System—
>
181
75%
/•A 44
52
-1996
(int at 1%
due--——-
1 1946)
56%
4%s
ACouv
to
(int at \% to
ser F
gen
Sep
72%
to
(int at
1946)
gen ser D
Ref &
4%
at
(int at 1%
C
ser
J-J
AGen
A-O
due—July 1948
1946)
gen
Dec 1
to
(int
gen ser A
Dec
..
\
gold
May 1 1989
4Vis
AGen gold
Stamped modified bonds—
mtge
A
AGen
RR—
mtge gold 4s—
1st
series
AGen
B
Baltimore
4s
3'is
Apr 1 1969
May
,
83%
85
21
111
4
110%
111%
24
108%
113%
1968
J-D
111
1958
J-J
112 Vi 112%
54
85
1943
Monday, April 19,
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1438
Stock Exchange
New York
Period
10
Ended April
Week
Interest
A
102%
A-O
1053A
105 Vi
A-O
J-J
108%
J-D
104 %
...1951
3'%s__...1954
4s__.
—-—
Coal s f 5s
1st
mtge
.-1942
§ACuba Northern Ry 1st 5Vis
A Deposit
receipts—ACuba RR 1st 5s
gold—--——1952
,
receipts—.
Deposit
A
.
A7Vis series A
ADeposit
B
series
A6s
ADeposit
Curtis
to—1946
extended
receipts--extended to
—-
-.1946
receipts——!
1955
deb
Publishing Co 3s
23
106%
109
1043'a
70
103%
104%
31%
45 Vb
33
45
Vi
32
45 Vi
99%
92
43%
42 Vi
42
42
Vi
99
M-N
100
Ind 111
110%
111%
19
1
110%, 111%
107% 108%
5
108%
110
20
101
101%
25
93
96%
32 Vi
44
50
27
38%
4
38
51
30
40
M-N
109
A-O
101
101
96%
96
96%
J-D
AAdjustment 6s series
4
43Vi
38%
47'A
J-J
44
38
43 Vi
J-D
51
40
45%
21
45%
37%
39
41
Vb
39
J-D
36%
39
42
42
10
26%
38
5
38
98
96%
106
106 Vi
54%
85
89
69%
69%
3
63%
70
72
73%
21
58
73%
53%
52 VA
51
53
70
42
55
54
56
12
47
62
4
72 VA
5
61%
5g%
Vi
48%
64
62%
73%
47%
59
43%
55'%
82
91%
56 %
48%
53%
262
91
91
11
a;
:
39%
*33
J-J
24% '38%
% 108'%
•
108
*108Vi
M-S
104%
*101%
A-0
103
103
A-0
104
24%
41
33%
37
258
A-O
14 VA
13%
15
189
J-J
34%
33%
35
131
J-J
34%
33 Vb
35'%
42
50%
54
90
•
52%
A-0
106%
100
F-A
J-J
F-A
78%
54%
38%
103
104'%
104%
107'/a
92
98
:
12
95%
100'%
74'%
155
63%
74%
78%
205
66%
78%
•74
1%
126.
3%
3%
3%
M-S
39%
100'%
69%
74 %
39%
23 VA
1
98
98
M-N
23
32
106% 107 Vb
100%
M-S
18
6%
•
6
103% 103%
103%
J-J
——^.....1955
1st & ref 4s
.1951
102%
1
,,
36%
J-J
series A & B...1947
Ref sink fund 6s .series A——1955
Int Rys Cent Amer 1st 5s B_._.A_1972
.1st lien & ref 6Vis
—
1947
Int Telep & Teleg deb gold 4%s_—1952
105 VA
101%
102%
105
105
105
A-0
gold 5s series C
—
1956
El deb 6s...—....1944
fAIowa Cent Ry
52
52
J-J
-....-1956
5s
55
293
J-D
5s
Debentures
■
J-D
A...July 1952
series
72 VA
F-A
A 1st
98%
98Va
A-0
67
42%
10
J-J
Internat Paper 5s
45%
50
*46
Yd
56%
443
88
J-J
Internat Hydro
36
,
63
52
88
J-J
A 1st
27%
1
66
48%
F-A
fAInd &
108
Vi 109%
62%
51%
J-J
1st gold 4s__—__._1950
Louisville 1st gtd 4s.—.1956
Ind Union Ry 3%s series B—_—.1986
Inland Steel 1st mtge 3s series F..1961
Inspiration Cons Copper 4s_
.1952
Interlake Iron conv deb 4s—....1947
t A Inter-Great Nor 1st 6s series A.1952
109%
109%
108
63%
J-J
& Iowa
108'A
7
...
High
Low
J-D
-
Chic St L & N O—
Joint 1st ref 5s series A.
1963
1st & ref 4Vis series C
.....1963
21
Ill 'A
M-N
1
January
No.
High
F-A
.
4%s
111 Cent and
109%
M-N
Range Since
Bonds
Sold
Friday's
___
109% 109%
109 Vb
109%
M-N
3Vis
mtge
1st
108 Vi 108 3/4
J-J
—1967
3Vis————.-—-1970
1st mtge 3VAs___——;———1966
1st mtge 3Vis——
—I969
Crane Co 2'As s f debs——..—1950
Crucible Steel 3 'As s f debs—
1955
1st
1053A 106Vi
108
104
or
Bid & Asked
M-N
1955
1966
Cairo Bridge gold 4s__
1950
Litchfield Div 1st gold 3s___.
.1951
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s
......1951
St. Louis Div & Term gold 3s
1951
Gold 3 Vis
_A
1951
Springfield Div 1st gold 3%s____1951
Western Lines 1st gold 4s
1951
106%
105%
J-J
Power Co—
mtge 3 Vis——-.-1965
104'A
105%
*
Consumers
102%
18
*42Vi
I960
—
40»-year
40
J-J
.—1956
4s__————.
111
105%
J-J
4s._...1955
Refunding 5s__
109
102% 103
...1958
non-conv deb
Debenture
Consolidation
A-O
•—
103
18
Hi
RR—(Continued)
Illinois Central
108
107
no
*109
F-A
...1956
Consolidated Oil conv deb
t AConsol Ry
A Debenture
'
...1948
debentures...
3Vis
J-J
Sale Price
Low
108
15
Last
Period
High
Low
No.
107',4
107
1.1946
debentures
3 Vis debentures
3Vis debentures.
3VAs
January 1
High
Low
L 1st &
Sold
Ended April
Week
Interest
Stock Exchange
York
New
Range Since
*112
J-J
...1951
ref 4%s_—
1951
Stamped gtd 4Vis
_
...1961
Conn River Power s f 33/4S A.__
Consolidated Edison of New York
Conn Ry &
Bonds
Week's Range
Friday
BONDS
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Friday
BONDS
D
L 1st mtge 3s_
1970
Dayton Union Ry 3'As series B—1965
Delaware & Hudson 1st & ref 4s—.-1943
Delaware Power & Light 1st 4Vis—1971
Dayton P &
—1969
ref 4'As——
&
1st
4Vis
——1969
t § A Den & R G 1st cons gold 4s_—1936
8AConsol gold 4Vis— ————1936
J A Den v & R G W gen 5s——Aug 1955
A Assented
(subject to plan).,—
ARef & impt 5s series B-,
—1978
mortgage
1st
ctfs—
1935
fADes Plains Val 1st gtd 4 Vis
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
ASecond gold 4s—-—-———1995
Detroit Term & Tunnel 4Vis——1961
Dow Chemical deb 2'As—-—.——1950
fADes M &
Ft Dodge 4s
fSADul Sou Shore
Duquesne
3Vis—1962
Ry
Iron Range
Dul Miss &
5s_—1937
3Vis——.1965
& Atl gold
Light 1st M
Minn Nor Div 1st 4s—1948
East Tenn Va & Ga Div 1st 5s—1956
Ed El 111 (NY) 1st cons gold 5s_—1995
East Ry
2'As
debs——1950
Elgin Joliet & East
El Paso & S W 1st
3V4S--——1970
Auto-Lite
Elec
Ry
5s————1965
stamped--——————-----—19GG
5s
Railroad Co—
•
1st cons M 4s series B
—.—1995
A Gen mtge inc 4 Vis series A—2015
N Y & Erie RR extl 1st 4s__
.1947
Ohio Div 1st mtge 3'As-—
1971
Erie
106'A
J-J
105%
107
645
105
J-J
105 % 106
104 Vi
104
16
104
J-J
105
105
34
64 Vi
68 Vi
Vi
37'A
J-J
108%
21 %
39 VA
61
22%
39 Vi
38
96
3%
11
7
Vi
330
3'A
10
28 Va
436
18%
30%
&
Ref
15%
6%
1
1
J-J
13%
13%
M-S
92
92'%
5
A-0
112Va 112%
20
13
110%
105'A 105%
32
104%
106'A
3 05 Vi
M-N
95
110
J-J
;__v
A-O
102%
103%
28
106%
108 Vi
32
109%
107
108
*104%
M-S
100%
101 Va
104
80%
78%
A-O
J-J
18
7834
12
65
57%
55
*107
M-N
*-%■'•
92 Tb
177
61%
'
Laclede Gas Light extd
Coll & ref 5 Vis series
fAFla Central & peninsular
fFlonda East Coast 1st 4%£>
A 1st & ref 5s series A_
5s—1943
1959
C
Coll & ref 5Vis series D
Lake Erie & Western RR—;
> 5s extended at 3VJ> to—
Lake Sh & Mich Sou gold 3%s
registered..
Lautaro Nitrate Co Ltd—
3Vis
S9
mtge income
A 1st
—1974
deposit———
fFonda Johns & Glover RR—•
$a2-4s (Proof of claim)———1982
A Certificates
of deposit———
Food Machinery Corp 3s debs——1956
Francisco Sugar coll trust 6s_
1956
.
A
Certificates
J-J
85
"87
91%
57
76%
91%
27%
31
227
19%
32%
29
91'%
29
1
32
20
of
7%
M-N
9%
:
9 Va
4%
/: 10
8
M02Va
*81%
J-D
4'A
9
8%
8
M-N
102%
:
102 Va
80%
82%
85
5s_—1949
Gen Steel Castings 5 Vis————1949
t AGeorgia & Ala Ry 5s
Oct 1 1945
t?AGa Caro & Nor 1st ext 6s—1934
Goodrich (B F) 1st 4'As—
1956
Gas &
Elec of Berg Co cons
J-D
J-J
Gulf
J-J
5Vis B—L
Mob & Nor 1st
'
'
•
Libby McNeil &
Liggett & Myers
:
109%
Little Miami gen
92 VA
101
64
83'A
94
.
73
83%
99%
104%
99
103%
J-J
103'%
103
103%
J-J
170%
170'%
*106%
105
106'a
107
108
106 % 106'%
105'%
108'%
102'% 102'%
3%
*3
100%
102%
M-S
•
102'A
102
102'%
82
85%
84
M-S
65
68 Vi
86%
69%
9
14%
12%
4Vis——1999
r
•
13 "2
50
98%
48
91%
Hudson
Hudson
Hudson
95%
97
71
76%
80 Vb
79
69%
80%
1st &
57 Vi
60'%
112
54
64
1st
A-0
--
,
¥!'.■. •-■•■'
103 VA
'
;
M-N
*92 Va
103'%
10
110% 110%
'
J-J
1
129
100 3 A
100%
A-O
*82%
'
■
M-N
102%
110
104
1107a
405
26%
127
98%
129'%
101
80
87
51%
56%
27
A-O
100%
1
40%
Illinois
Central RR—
1st
gold 4s
1st
2951
1951
1951
1951
1952
1955
gold 3Vis
Extended
1st
102
102
;
59 Vi
138
46%
61%
27 VA
139
19%
29
1st
gold
3Vis
gold 3s sterling
Collateral trust
gold 4s
Purchased
Collateral
For
lines
trust
footnotes
3%s
gold 4$—;
see
page
1440.
r—1 O T—<
103
97%
100
5
92%
97
96
5
96
96
*....
.
M-S
-
60
58
63
53TA
96 Vi
100
M-N
57
1952
Refunding 4s—
35
96
1
A-O
A-O
102%
96 Vi
100
J-J
J-J
22
85 Vb
86%
29
84 V»
85
10
96 Vi
97
13
97
A-0
.
63
"78
75
88
86%
94 Tb
97Ta
,
'
;:
'
91%
87
4
91 Vi
91
M-S
100
4s series A
ext to
unified
89 Vi
Vi
'
86
93
71%
73
67 VA
74 %
71
'*'7;
73
93
93
*67
75
*67
75
F-A
*67
75
*67%
71
66%
71
44
66
■%
52%
72%
:' lm
112
57'% '■ 61%
61 %
F-A
46
67%
v
39%
■■
M-N^--
•v
42%
48%,r
M-N
„
40 *i
737 V
29%
42%
37 ...
39%
38%
6
28%
40
VA
329
32%
45
39
39'i
M-N
71
36%
7 OVA
J-J
40
8
31%
41%
49
146
35%
43
:
44
*116% 117'%
A-0
•
J-J
71%
115
■<
117%
105'A
%
2
106% 106%
50
55 %
25;
70%
70
A-0
107'A
F-A
108% 108 VA
5
108%
109%
121% 121%
108%
A-0
19
121%
122%
106
106
A.1962
M-N
*106..
..1950
A-0
*104%
..1949
M-S
.A :
'
f
.
104%
104
■;
..1949
J.OOVi 100'%
5
99%
101
M-S
100% 101'%
39
98 VB
101'%!
100'% 101
98%
101
M-S
:
..1949
Co deb 7s_«__*
89
%
o«
F-A
F-A
—1951
108%
121%
121
F-A
J-J
91%
110%
M-S
18
92%
'
106
90%
122;'
78'%
94%
109'# 110%
110'% 110'%
104
104'%
M-S
110:
121
"•
109
*108 VA
A-0
..1944
27
'
104 V3
J-J
54 %
54%
57%
55%
1953
M-N
59
57
59
3
A-0
A-0
A-0
A-0
J-J
J-J
F-A
M-S
M-S
J-J
M-N
ref 5s series
2003
1st & ref 4s series D
2003
1st & ref 3%s series E____._____2003
Unif mtge 3%s series A ext__.__1950
&
ref 4%s series C—
Unif mtge 4s
scries B ext
1960
1946
St Louis Div 2d gold 3s^.^b._.a.r.l980
Mob & Montg 1st gold 4Vis
1945
South Ry joint monon 4s
...1952
Atl Knox & Cine Div 4s
1955
Gen
Manati
series A
.1945
1960
sink fund__Feb 1 1957
mtge 4'%s series A
Sugar
4s
1953
Manila RR (South Lines) 4s__._._1959
J§AManitowoc Green Bay & North¬
western 1st gtd 3%s__
..1941
Marion Steam Shovel s f 6s
1947
Elec RR & I.t s
f 5s.;
...
Stamped
...
;
J-D
J-D
M-N
105'%
100'%
87
94%
100'%
93
94VA
24
88%
88
89
68
85
"104
105
,
*109%
'
.
..
•
■■■'
'
■
94%
89%
103%
9
104% 104'%
105'%
108% 109%
104
105
Vb
5
86
86%
10
78%
97
97 Vi
"9
94
97%
110
110%
104% 104
97
*110%
—
:
1st 4 Vis series D
1968
Wat Sew & Drain 5%s~__1950
65
59%
Metrop Ed
M-S
23
43 'i
56 VA
Meroo
A-0
58
46%
61
(Chic) 4s
1938
89%
55
56 VA
'58 Vb
56
59
87%
J-J
F-A
13
84%
89%
9
47%
58%
95
49 V»
59 3
4
*34
*22 'A
52%
Q-A
Q-A
A-O
t§AMet W Side El
89%
56%
J-J
A-0
A-0
51%
60%
89 Vi
M-S
M-N
47
60%
80
103%
99
94%
M
Maine Central RR 4s
§AMarket St Ry 7s series A__Apr 1940
(Stamped mod) ext 5s_
1945
McCrory Stores deb 3%
1955
McKesson & Robbins 3'%s
1956
146
8
100%
Louisville & Nashville RR—
A Manila
J-J
60%
51%
118
v
2%s series A„_ 1981
84
52
60
104%
I
Illinois Bell Telep
89%
80
83%
Vi
101
83%
86%
103
117%
*117% 119
'
58%
F-A
1
3
46
51VA
J-D
129
104% 1043A
-
M-N
99%
**8
83%
86
93
93
88%
4
J-J
Paducah k Mem Div 4s
.
47
Dec
Louisiana & Ark 1st 5s series A.¬
..1966
Louisville Gas & Elec 3Vis.
-.1945
Lou & Jeff Bridge Co gtd 4s_...
GO'%
*
(P)
90
85
114
J-D
—1955
1944
debenture
80 Vb
M-N
—Feb 1957
AAdj income 5s
5s
97
1937
1954
Coal 1st s f 5s series A—1962
Co Gas 1st gold 5s_—
1949
& Manhattan 1st 5s A.
1957
Lorillard
85%
90
88%
J-J
100%
98%
__
*100% 101%
—
J-D
3
1%
98%
97
*ioovi
88%
88
J-J
■
stamped..................
J-J
1944
gold 5s;
tS AHousatonic Ry cons
Oil 4'As debs
Houston
4s
J-J
•*■
88%
F-A
1950
Guaranteed ref gold 4s
'
87 Va
!
;
A-0
F-A
..1969
75%
119
97
J-J
>
M-S
debenture.——.———1951
Long Island
94
H
Hocking Valley Ry 1st
Hoe (R) Co 1st mtge
5s
A-0
.1950
92%
93%
90
*108%
1944
Long Dock Co 3 3As
27
124
13 Vs
*'
*170%
110
93%
:
•■ ■
.y
1
J-J
;
.A:
Tobacco 7s
102%
93'%
A-O
85
93%
92 Vi
92%
61
46
61
*50
73
vi
J-J
1947
1997
...1997
Llbby 4s
109
V
38
91%
Feb
113%
*113%
A-0
4s_—.1945
RR—
97
91'%
*57%
lUVa
J-J
modified....—_____2003
registered....^—.A.A^..2003
4Vis stamped modified—A
2003
4 Vis registered——^
2003
5s stamped modified
——2003
Leh Val Term Ry ext 5s
1951
Lex & East 1st 50-yr 5s gtd—
1965
1071%
93%
J-J
HO'%
*82
1953
1960
Y 4%s ext
Lehigh Valley N
100 Vi
93'%
Feb
series C———
-1975
Ohio 4s series B—
_2015
AGen mtge inc 5s series A—
Gulf & Ship Island RR—
-1952
1st & ref Term M 5s stpd—
-1961
Gulf States Steel s t 4Vis——
-1969
Gulf States Util 3 Vis «eries D—
45%
i)"d
86
105%
Coal Co—
99%
-
42
••.•'■"'•
99 Vi 101
78%
15
*93%
sink fund 5s.——1954
5s
stamped
...
1954
1st & ref sink fund 5s—....
1964
V
as
stamped
1964
1st & ref sink fund 5s
1974
5s
stamped—.---^1974
Leh Val Harbor Term gtd 5s__—A954
—
109%
77%
69%
100
stamped..—
5s
97
109% 109%
1
I?-';.
34%
J-J
-1950
Gulf Mobile &
3
109
109%
V
J-J
62
J-J
A....1954
C—1954
RR 4s A
—1965
1st gtd gold
105%
26
*97%
'
f.
J-J
:
100
100
J-D
—
.
105% 107
.
M-S
ctfs B—
1st mtge 5s
106%'
J-D
ctfs A—
& West deb
ADebeutures
*46%
•
99%
30
.
59
3134
29
98
19
50
"
J-J
Hosiery deb 5s \v w__._—1946
Grays Point Term 1st gtd 5s
1947
Great Northern 4'As series A-—1961
General 5 Vis series B
——1952
General 5s series C
A--—I979
General 4Vis series D———1976
General 4Vis series E———;—1977
General mtge 4s series G——1946
Gen mtge 4s series H
1946
Gen mtge 33As series I——.—.—1967
•:A
99%
99
31
J-J
Gotham
AGreen Bay
•
,1-A
99 %
108
134
1st & ref
Lehigh Valley
4s stamped
'''
'
'
81
72%
92%
J-J
4s
'
79
74%
J-J
regA—A— .1975
Lehigh & New Eng
S3
30%
78%
105% 106'%
J-J
,
106%
101%
99
19
101Vi 101%
M-S
82%
61
71
105%
Lehigh Coal & Nav s f 4 Vis
Cons sink fund 4 Vis series
Lehigh & N Y
J-D
61%
10
75%
J-J
5s___._.._1945
100Va
106 Vi
■
100'/a 100%
M-N
88 Vi
240
78
72%
J-J
4s_i__:_—^.1960
Central gold 4s_.____.._1987
& Ind Tenn 4 Vis
1961
Lehigh Valley
1961
deb
& Rub 3s
Firestone Tire
86
80
*90%
78%
V.
.AA-i.-.A.AA._—1961Plain
AA
1961
4Vis unguaranieed
._..____1961
Kings County El L & P 6s—A——1997
Kings Co Lighting 1st 5s_.A__—1954
.1st & ref 6 Vis...-.~-...-^.—w-1954.
Koppers Co 1st mtge 3Vis—...—..1961
Kresge Foundation 3% notes..__..1950
{AKreuger & Toll 5s ctfs—....... 1959
97%
55
86
96 Vi
58 Vb
94%
95 Vi
J-J
77 VA
64
77
■
M-S
149 Va
102 %
;
..
106%
75
■'
AJ-
A-O
33
103
101
101
.2
J-D
i
148
*151 Va
J-J
96'%
111
*107% 110
M-N
61
94
.
23
'A"
*107Vb
:
95%
30 Vi
110 vb 110 Vi
Vi
85%
22
103
*27
J-J
46 VA
13
A-0
\;Stamped
51
33
9
107 Vi 107%
107%
A-O
40
95%.
102%
102%
M-S
a
112%
26
~1
33
33
92 V
89
111%
51
*45
J-D
52
95'%
A-0
..Apr 1950
5s
City Term 1st
impt
Kentucky
Kentucky
111%
M-S
110% 110%
J-D
60 Vi
95
A-0
1st gtd gold 4s__1990
t§AK C Ft S & M Ry 1-ef gold 4s_1936
ACertificatcs of deposit.
Kansas City Southern Ry 1st 3s___1950
Kanawha & Mich
Kansas
J-D
57
K
8
24
27%
A- Q
105%
864
6'A
7
F-A
36
37'/a
58%
95
107
106 Vi
J-D
J-J
4s._..._1959
Steel 3VAs_.i__.1961
108%
103%
7
8
F-A
105
6
34%
36%
J-J
& Laughlin
Jones
70
56%
69 Vi
J-J
M-N
Frankl & Clear 1st
James
*101%
J-D
53
*100% 103'%
*99
98
97%
2
98
74
8%
89%
98
105'A
107%
113% 113 VA
90
54
103
100
105'%
6
106%
108%
3
111%
113 VA
*10534
107%
39
102
100
...
100
90
8%
6
11
84
6%
90%
9%
THE COMMERCIAL &
Number 4169
157
Volume
NEW YORK
Friday
BONDS
York
New
Week
Stock
Ended
Interest
Exchange
April
Period
1(1
FINANCIAL CHRONICLE
BOND
Friday's
or
BONDS
Bonds
Sale Price Bid & Asked
Sold
High
No.
Low
Range Since
January 1
Low
1st
*79'A
.1951
M-S
3%s_
1952
impt 4%s series C-___.__1979
M-N
Lans
&
3'/2s
Sag
gold
Ref &
Michigan
—.....
Consol
Gas
$§£ Midland of N J
i§AMilvv
& Northern 1st ext 4'/2s__1939
ASConsol ext 4%s__
1939
M-N
—.1949
1962
M-3
ARef
&
ext
50-yr 5s series A
106%
108%
57
2
49 %
60
7 5'A
1
65
76
50 %
78
38
52
§ A General
41
67
27%
A Terminal
N
~9'%,
22%
6%
5
6'/a'
53
2%
Q-F
7'%
15
2%
8
16
105
16'A
15%
4%
7%
21%
24
22%
21%
23%
8%
9
A 1st
ref 6s series A
&
1946
5%s__—_
—1949
1st
M-S
—.1978
71%
J-J
1959
ref 5y2s series B
Alst &
$ A Missouri-Illinois RR
8'A
J-J
J-J
5s
14
72
■'•'99
64%
100
102
J-D
493
41%
1962
J-J
57%
53%
58'4
339
40%
40-year 4s series
.....1962
Prior lien 4l/2s series D—
.1978
J-J
49%
46
50
115
33%
52%
48'%
53
263
35%
A-0
33
31
34%
422
19
of
ACertificates
AGeneral
4s
ref 5s series F
Alst &
of
ACertificates
Alst
ref
&
G
series
5s
of
ACertificates
A 1st
1978
M-N
45
.-1949
M-N
10%
~9%
ref
ACertificates
of
deposit—
—
A
1938
Moh'k & Malone 1st gtd gold 4s—1991
Monongahela Ry 3'As series B
1966
Monongabela W Penn Pub Serv~~
1st mtgc 4%s
—I960
6s debentures
-.1965
Montana Power 1st & ref 3%S—_1966
Montreal Tramways 5s ext..
1951
Morris & Essex 1st gtd 3%s_
2000
Constr M 5s series A——1955
Constr M 4 %s series B———1955
Mountain States T & T 3'As
1963
Mutual Fuel Gas 1st gtd 5s
1947
1978
series A
58'A
M-S
M-N
42
*107
of
Pacific, prior lien 4s
^1997
registered—
—_1997
4s
registered
___2047
60%
76
66 A
60'/a
64
44
55 %
66%
1,059
35%
52%
13
35%
51%
48'A
209
36%
52%
50
491
5%
13
220
5s series
Ref & impt 5s series D
States Power Co—
(Minn)
36'A
36%
5
38
Teleg 4'/2s ext
91%
34
45
101%
Connecting Ry 1st 4s__
1943
1965
26
9
53
mtge 4s
1st
mtge 3%s—
237
48 '4
208
43%
388
4s
113
Ontario
106%
Oregon RR & Nav
deposit——
1956
deposit.—,
4l/2s series D
1956
Alst
of
—1946
2013
2013
impt 4V2s series A
Ref & impt 5s series C
&
3'As
Conv secured
F-A
78%
.
78%
76%
106
103%
*93
60
'
*11.7
J-D
1952
1st
107 A
109%
110 %
8
109
110%
50%
Oregon-Wash RR & Nav 4s—1961
109%
46
Otis
68%
Guaranteed stpd cons
Steel
1st
103'/a
J-J
107%
107
108
29
106%
1962
J-J
101
100% 101
38
99 A
gold 5s
1946
J-D
4s series G
Coast Co
Gas &
1964
J-D
111% 112
34
111%
112%
series H____1961
J-D
111%
lll'A 112
28
110 %
112
109%
26
70
70%
14
117
122%
124
109%
Ref
111
*74
F-A
■
84
J-J
A-0
8
90'A
17
83 %
23
106%
108
11
106%
107%
87%
75
89%
51
89%
A-0
51
*49
A~-0
3.07
4'A
52
80'A
28
61
68
3
48
62%
63
6
50
68
5
51 »/4
17
49%
69'%
66%
59
314
62'%
51%
99%
58
532
47%
60 .'A
A-0
62%
59'%
63 'A
478
52%
66
M-N
74%
73
77
502
62
67'A
84'%
112
7 4'A
4
69%
65
62'%
8
62%
60
5
56
56
86'%
89
144
76%
458
101 Vi 101'%
F-A
..'VI
53
1978
1947
A-0
J-D
100'A
100'% 100'A
A-0
3 02'A
102
3%s extended to.
mtge
Connecting RR 3V2s A
N Y Dock 1st gold 4s
;
Conv 5%
1st
lien
ref
Y
&
N
Y
Gas El Lt H
Erie—See
5s
&
89 %
64'A
77%
93%
4
86
1965
4
108
109%
—1966
A-O
109
109
3
109
110
Erie
gold 5s._-1948
J-D
3.1.6
3.16
12
116
117'%
F-A
111'% 111'%
111
112%
N
Y
&
Harlem
gold 4s_._
gold 3'/2s..
4s
series
1949
.2000
—1973
A
4Vis series B
N
Y
L E &
.1973
W Dk
&
Impt 5s„——1943
JN Y New Haven & Hartford
ANon-eonv
deb
deb
3%s.
deb
3'/2s
ANon-conv
deb
4s
ANon-conv
deb
4s„
75 Vi
68
75
*10012
2
100
__
70
75%
92
U
55%
60
101 '/a
__
*40
93%'
4s
1955
:
—1956
6s...
Bait
Phila
Electric
ref
&
3s
J-J
M-N
44
34
31%
45
71
31%
44%
44
86
33
46%
41
44'A
32%
47
115
of
deb
112%
17
108
113%
95%
114
89%
96'A
103%
101% 103%
50
96'/»
103%
J-J
103 %
102
103'/a
32
95%
103%
96
97 A
199
90%
111% 111%
2
111 A
A-O
J-J
J-J
M-S
J-D
__1952
J-J
1977
debentures
of
Petrol
lll'A
s
f
4s
l%s debs
31'%
44%
37'A
52%
49'A
67%
Series
M-N
15'A
3.3%
15'A
199
37
Gen
J-D
46
43%
47
394
8'%
36'A
49%
Gen
4'/2s series
N Y
N Y
N
Y
N
Y
& Putnam 1st cons
gtd 4s
Queens El Lt & Pow 3Vis
Rys prior lien 6s stamp
Steam Corp 1st 3V2s
For
footnotes
see
page
9%
9%
11
317
J-D
5
3%
5
99
1993
A-0
1965
M-N
1958
1440.
J-J
1963
J-J
53 A
54'%
43
3.10% 110%
1
51%
*3.06
2
41'A
110
12%
Pitts
6%
1st
guaranteed
cons
4'/2s__1964
mtge 5s series A
57
111%
Pitts
Steel
& Iron
1970
_1975
Va
1st
&
conv
4'/2s A
mtge 4'/2s____
1st 4s
Char
W Va
14
76
73
70%
73
•'
13 %
106%
106%
72%
64%
84
76 %
119
57%
73%
105% 106A
18
104%
14
101%
106%
102'A
118%
121
114% 114%
3
111
115
2
108%
111
101% 102%
47
lll'A 111%
33
96
102%
1
110%
112
102%
103
1st
36%
37
326
20 V4
32%
13%
12%
13%
226
8%
gtd
2
105
5%
8
31
6
__
84
105
1
110
J-D
*111%
''
—
121
110%
111 Va
104%
*90% 100%
21
100
105%
95
100%
99% 100%
16
98%
100%
99%
6
98 %
99%
106
1st
mtge 4'/2s series B—
1959
1st
mtge 4'/2s
1960
A-0
104 V8
98 V%
61
—
59
61
16
55
64
59%
61
A-0
108%
111
13
*101A
M-N
J-D
___
105
111
1958
111%
2
A-O
1943
111
121
110'A 110%
99%
105%
105%
__
J-D
100%
105
114
*121%
J-D
5%
110%
119%
113
*121A
J-D
6%
4%
112%
*112
F-A
M-S
3 A
104%
119%
F-A
M-N
104%
104%
__
*111%
M-N
3 05 A
104 A
111%
•
110
F-A
14
104
110
5 Vz
108
105
M-N
106%
series C
105
*3 A
1952
1950,
'1
104'A 104 A
~6
J-J
__1950
4'/2s series A
105
110
1977
C
mtge 4'/2s series B
Pitts &
75
58 A
5%
*
37%
J-J
105%
108'%
108% 108%
6%
160
84
'■
-
1951
mtge 5$ series B
Gen
M-S
-
27%
J-J
__1937
deposit.™
71
1955
44%
54
;_
82
J-J
M-S
55
1992
56
■
11A
*102% 102%
J-D
M-N
363
4s
57%,
97 A'
112 A
109% 109%
M-S
'
AGeneral
54%
*121
114%
3Vis______1967
_:_1962
43.%
JAN Y Out & West ref gold 4s
92%
10 LA 101U
72
102%
________1963
64 %
Coke
75%
106'A
J-J
___•_
50%
Pitts
84
J-D
M-S
38%
97
57 A
F-A
_____1974
C_
Pittsburgh Cine Chi & St Louis—
'■*■
Series D 4s guaranteed
1945
Series E 3'/2s gtd gold
__„___1949
Seri;s F 4s guaranteed gold
1953
Series G 4s guaranteed—.™—1957
Series H cons guaranteed 4s—_1960
Series I cons 4'/2s__,
__1963
tAHarlem River & Port Chester—
97 A
M-N
______._______1949
62
90%
112
94'
A-O
32
45%
97
112V8
A-O
mtge 2%s____________1971
41.
96%
J-D
4'As______1961
ref
&
50'%
M-N
107
D__________1981
A-O
2954
122%
101%
gold 4s__^_1943
J-J
4s
119%
59
C„_____^___1980
J-J
1927—.1967
22
105% 106%
9%
coll tr
1st
96
120'% 122'/a
106%
*106%
1st
deb 6s
J
110
88%
56
96
95
F-A
1948
4s„
110%
108
Apr
1940
1956
6s
108%
10
122 Va
1956
series
ACertificates
46'%
23
100 V'4
40
__1981
3'/2s
t§APhilippine Ry 1st
tV
41'%
100 A
100 A
109'A 109%
109 % 109%
109%
__1970
Philip Morris Ltd deb 3s____..
77
41%
104%
Stamped
AConv
70'%
38%
108%
98%
F-A
t A Phila & Read C & I ref 5s__—1973
100
41
41'A
4'/2s
107%
106 A
__1968
B:
Philadelphia Co
4
102
31
J-D
1st series A 5s____1956
& Wash
106%
48
^______Apr 1990
conv
105%
102%
103
105%
104
105% 105%
*108
108%
101
105%
*105
105%
Ry 5'/2s__—1974
...1957
trust
Alst & ref 4V2s series
1st
series
39
103%
106%
3
104% 105%
95%
ext________i_1960
Union
gold 4'/2s series
1st
41
M-S
M-S
A-0
43%
117%
1965
A_-
4s—
4s
General
72
101
117%
91
A-0
1970
series B__
Marquette
Phillips
1947
certificates 3 Vis
Debenture
M-N
70
J-J
—1947
AConv
A
*100
M-N
M-N
—1954
A Debenture
deb
65
RR—
4s—
ANon-conv
ANon-conv
§ACollateral
54
RR
& Pow
Lack & West
72
*116% 118
75%
104%
1960
C_
series
Genera).,5s series B_^.
General gold 4'/2s seines
101
108%
71
92%
57%
104%
dollax*_____May 11948
series
Pekin
&
Phila
102'%
108
72
100%
104
M-N
gold 4'/2s_j_____,^
Phelps Dodge
101'%
A-0
67
1
16
22
90
103%
M-N
Eastern
Income
77 Vi
99%
84 %
107% 108%
A-O
A
Pere
101
rye
ncz
105% 103 Va
105%
M-S
58 Vi
100
__
104
104%
1948
smking fund 4 '/2s
4'/2s'
47 Va
F-A
Purchase money
N Y
53
90
102%
104 % 104%
M-N
gold 4s__^__1943
;
3%s
General
Peoria
A-O
3'As (series E.
N
14
■
HC
104%
105
104'A
108 A
Peoria
68'A
1947
notes—
&
102 %
110
110%
105
F-A
_____1974
cons
sterl stpd
mtge
64'%
...1965
1951
Edison 3'As series D—
N Y
74%
108%
109
F-A
Light 3 J/2s.___^___1969
1st
76
103 A 110
*104
J-J
_____j._1981
&
gold 4s
Consol
A-0
Peoples Gas L & C ref 5s________i.1947
50% '62%
48%
104'A
105
M-N
1952
mtge 4'As series E_________1984
Conv deb 3'As__—
__1952
78'%
68'A
104%
103
J-D
ctfs D—1944
ctfs___
General 4'As series D
84'%
78'%
58%
M-S
debentures.
Debenture
80 %
81
65
F-A
Gen
78%
62
F-A
F-A
__1955
3'/2s trust
General
100%
54%
lll'A
103%
103% 109%
110
M-N
debentures_1956
6s_
109
J-J
1960
4s___
Power
4s
63%
42
Va
'
B
Pictures 4s
Pennsylvania RR
1
100%
A-O
J-D
1966
5
104 Va 104 %
103% 104
J-D
V
.._.
100
61%
3s
4'/2s series B
59'/a
52%
47%
57
A-0
C__
F-A
4V2s
A-0
F-A
series B—1966
f gold 4'/2s____1955
s
—1963
Cons
*104 %
J-J
98
M-S
Penna
.
44%
83
95'A
A-0
66
65
97
P L
64
61
66'%
98%
J-J
Pennsylvania Glass Sand 3y2s_____1960
Pa Ohio & Det lst & ref 4%s A...1977
'
61
64
96'/a
1944
Secured
47
50
61
60%
9 6'A
Gtd 4s series E trust
58
a'-'o
F-A
1st
Guaranteed
63
F-A;
ext gold 4s__1938
109% 109%
*
Pennsylvania Co—
90
61
F-a
J-D
Trans-deb
Parmelee
55%
44%
63
J-D
Paterson & Passaic G & E cons 5s_1949
43.
62%
63
J-D
1971
Paramount Broadway Corp—
1st M s f gold 3s loan ctfs
Paramount
91
•'107
J-D
J-J
73
107'A 107%
107 'A
10
89%
89%
84'4
95
1970
5s—____________1938
Panhandle East
77
*110%
A-0
&i 111
92%
__
1966
K
3'As series
mtge
Paducah
*95 Va
3Vis series
Pacific Tel & Tel 3'As
118%
11
A-0
Y
101
3s series J_„_
ref M 3s series
§ A2d ext gold
82%
117
ref mtge
&
§APac RR of Mo 1st
82%
24
&
1st
119
81
ref mtge 3%s
1st
97
123'%
J-J
1st
El
&
-1st & ref mtge
104 Vz
81'A
M-S
C
5s.____*1945
mtge 4'/2s ser A
1st
79
117
13.7%
—3950
series
debentures.
6s
N
4Vis
i06'A
109
51
97
1974
series A
104%
J-J.
37%
1st
5Vis
104 %
108'A
A;
York Chicago & St Louis—
110 A
102 %
1
,
110
108%
3.23
68
Ref
103% 103%
107
1
117
F-A
New
103%
109%
107 '/a
3
M-N
84%
A'- Ref
8
10
11
J-D
78 Va
River
109'A
...
108%
108
106'A
80%
80%
J-J
Hud
&
*109%
109'A 109%
__
108% 108%
80%
J-J
J-J
'A
105
105 %
J-J
Cent
3%s
J-D
gold 4s____1946
con
1st cons
Pacific
3%s___—1997
Y
•
.
112 Va
registered——.——1997
Lake Shore coll gold 3%s™_—1998
3 V2S registered
—.——1998
Mich Cent coll gold 3%s_~—1998
3Vis registered
,—1998
N
1st
J-D
106 A
lll'A
*62
10-year 3%s sec s f——
17 '/a
109%
106'A 106%
Short Line
Gen
Ref
12
106%
M-N
*110%
deposit
Newport & Cincinnati Bridge CoGeneral gtd 4 V2 s
1945
N Y Central RR 4s series A——1998
18
J-J
M-N
deposit———
of
5V2s series A——^—>1954
ACertificates
143
110
of
ACertificates
Alst
14%
108% 109'A
J-D
109
of deposit——
of
1966
1946
Transmission
:
gold 5sP.__1946
5s__^;
i_1946
Ore
93%
31%
3%s
debentures^—
103%
$ANaugatuck RR 1st gold 4s_.——1954
Newark Consol Gas cons 5s—1948
C
112'A
12%
109
J-J
..1972
Elec
HO
35'A
M-S
1967
&
112%
89
49%
4s_
mtge
111'A
3.03'% 103%
series
110%
111%
14
M-N
1st
1st
M-N
5s
109%
6
M-S
Edison
60
A-O
ACertificates
J-J
gtd gold 4s_1948
Ohio
104'A
17
ACertificates
4
112'A
O
96%
sinking fund debentures.—1949
National Steel 1st mtge 3s
196b
1954
109% 110%
112
109%
J-J
51%
48'A
103%
Alst
F-A
M-S
1944
52%
47%
64
50%
35%
J-J
52%
10
466
.—2047
1st & ref mtge 3'/2sl____1967
1st mtge 3'/2s_4———1964
(Wise)
Northwestern
47%.
C__—_^_,_2047
Northern
%
101'A
B
48 %
55 A
9
series
40%
66%
102% 102%
5s
5
50%
M-S
Mex n-c inc 5s—1935
50'A
46%
25
105%
England RR gtd 5s——1945
4s____A——.——1945
New England Tel & Tel 5s A——1952
1st gtd 4 %s series B——.1961
N J Junction RR gtd 1st 4s_—
1986
N J Pow & Light 1st 4%s
.—I960
New Orleans Great Nor 5s A..
1983
N O & N E 1st ref & imp 4V2s——1952
New Orl Pub Ser 1st 5$ series A—1952
1st & ref 5s series B————1955
New Orleans Term 1st gtd 4s_____1953
81
42
131
106%
AConsol gtd
69
184
230
571
39'/2
J-D
tANew
33
50 »4
46%
Q-A
81
64%
*3.08% 112%
M-S
3 Vis
85%
84%
47
49%
741/4
J-D
1949
3%s—...
72%
81%
80
Q-F
59%
105%
ACertificates
84%
Q-J
& Id gold 3s____Jan 2047
50
60%
103 Va
Alst
Q-J
—
lien ry
50
50
Northern
48
55%
28
O Tex &
A-0
71%
23
AN
1945
73
44%
i
103%
58%
48%
44
46 y2
M-N
105 Vi
103
*112
A-0
103%
7
105
J-J
105% 106
49 y2
4
A_____._i.1974
127 A
J-J
*93
J-D
49
124%
J-J
111% 112%
105%
J-J
31
34
impt
33.1% 11.2
A-0
J-D
126 A 126%
'
82
29%
34
impt 4 Vis series A___.i___2047
impt 6$ series B___—2047
57%: 59%
*104%
111%
3
&
—.
A-0
131
Ry—
Alst
Oklahoma Gas
1960
debs
.
73
6
46
34
&
96
F-A
79 Va
41
*
&
U
M-N
M-S
77
34
43%
•
Ref
106 y2
Prod
79%
F-A
Ref
105 y2
Prod 3 As
Dairy
J-J
guaranteed gold 5s_1—._^_1945
Alst mtge gold 5s (stamped can¬
gen &
ref '4 Vis-series
Pacific
Distillers
.______1998
guarantee)—
ACertificates of deposit
N
Nat
105%
Ohio
t§AMissouri Pacific Ry—
3rd 7s exlended at 4'Jo ——July
Nash Chatt & St L 4s
102%
*115
&
AOg & L Cham 1st
Nat
7
105
20'/a
47%
46%
104% 105 Va
M-N
Co—
51%
45
47
F-A
112%
11
48%
1
45
A-O
1981
series I.
5s
110%
110%
35%
47%
__1980
ACertificates
Alst &
109
3
11
35%
—
1
111% 112'%
801
47%
45%
ref gold 5s series H—
of deposit.
&
47
47
.___
gold 5%s
110', a 110 Va
A-O
17
M-S
deposit—-
AConv
17 A
M-S
47
45
__1977
._
88
Ref
15
3.6'/a
deposit.-—
8Va
16
110%
.52%
45
M-S
__1975
717
17
109'A
35%
48'A
47
deposit——_____
13%
M-S
Central
3s
....—
16
5
155
45
F-A
.1965
A_.__
J-J
ref 5s_—___1974
^Missouri Pacific RR Co—
ref 5s series
109% 109%
103% 103%
Gen
&
85
105
37 %
Alst
1st 4Vis.__.1946
series
tNorthern Ohio
53%
adjust 5s series A—Jan 1967
87
103%
5114
J-J
A Cum
*—
105
cellation
5s series A——
19%
10%
F-A
Missouri-Kansas-Texas RR—
Prior lien
41
16
14%
F-A
59
—1990
1st 4s
Kansas & Texas
32
1
1954
North
59'A
Mo
&: Eost
High
13
*13
O-A
,v
56
18
J-J
3'As series B._:____j,967
mtge 4Vis
■/Gen
72%
50%
Low
M-N
5s__-__.___.1943
Debenture 3%s_„.
100
55
January I
No.
39'%
18
Range Since
Sold
F-A
Norfolk & Western Ry 1st gold 4s_1996
North Amer Co deb 3'/2s_.'...^___.1949
9%
1%
23'/2
38'A
18
A-0
24%
J-J
J-J
A25-year
1st gold
Telephone
1st
25
52
V 25
1938
§ Alst stamped 5s gtd as to int__1938
5s_
.1940
Bonds
High
'
Y
Norfolk Southern Ry
24%
23
consol
..
F-A
AGen mtge 5s conv inC-______._2014
t§ANorfolk Southern RR 5s A____1961
753
19%
Friday's
or
Bid & Asked
J-J
1937
Niagara Falls Power 3'/is
1.966
Niag Lack & Ont Pow 1st 5s A-..1955
Niagara Share (Md) deb 5y2s-___'_1950
43%
99
22%
§ A 1st
1937
gold 5s
t§AN Y West
21
19%
J-J
1938
ref 5s__
•41%
21
Week's Range
Last
Sale Price
'
tMinn St Paul & Sault Ste Marie
§ A 1st cons 4s stamped....
Period
k
5%
1934
ref gold 4s
10
39%
41
M-S
J- J
tAMinri & St Louis 5s ctfs.
1st &
68 Va
71%
48
49
J-D
t§AN Y Susq & W 1st
§ A 2d gold 4*%s
99%
57%
.75'A
J-D
t AMihv Spar & N W 1st gtd 4s..—1947
ISAMilw & State Line 1st 3»/as
1941
A
97
57
Interest
Exchange
April 16
Loto
79'%
107% 107%
a-o
Friday
Stock
Ended
Week
High
21
^68
107 y2
M-S
..1940
1st ext 5s
*97 % 100
68
J- J
.1963
4s,
78
88
York
New
Michigan Central—
Jack
RECORD
Week's Range
Last
1439
61
16
53 Vi
63%
61
61%
27
53%
64
--
__
__
Monday, April 19, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1440
RECORD
YORK BOND
NEW
Interest
Exchange
Ended April 10
York Stock
New
Week
gen
1st
gen
1st
4Vis series D—
Gen Elec 1st
5s extended to—
Portland
1st
Potomac
Pressed
Public Service
J-J
'*_A.
•
•
*109'%
'
'•
J-J
M-N
3s————1972
5s——-2037
1st & ref mtge 8s———
2037
Public Service of Nor 111 3%s—-1968
Purity Bakeries s f deb 5s
—1948
ref mtge
J-J
J-J
.—,
110'A
Cent coll
A
ref 4%s series
& ref 4Vis series
Gen &
104%
Gen
1997
B—
4Vis series B„ 1961
1954
Republic Steel Corp
1st M conv 5 Vis
Purchase money
5%-'54
Gen mtge
called
———
4Vis series C
1956
1960
3'As.
& Brass
Revere Copper
Grande June 1st gtd 5s„_ 1939
Grande West 1st gold 4s__1939
ARio
ARio
1949
1977
1967
1967
-1969
trust 4s A
Roch Gas & El 4 Vis series D__
Gen mtge 3%s series H
Gen mtge 3Vis series I
Gen mtge 3'As series J—
t§AR I Ark & Louis 1st 4Vis
fARut-Canadian 4s stpd
t§ARutland RR 4Vis stamped
A 1st
& coll
cons
92
85'%
87
84%
74
78%
56
97
86'A
86 Va'
97
88%
78
86%
,■/
1934
—1949
1941
3
102'A
103% 104%
38
101'A
104'A
F-A
105'A 105%
30
103%
105%
102% 102%
2
100%
102%
M- N
M-N
100
101'%
11
103% 104
101'A
4
100
66
92
58%
81%
27
41%
92
92
92
J-J
76'%
75
77'A
30
A-O
39
36'%
40'A
143
124%
124%
-
*111'%
M-S
85
11%
16
12%
31
34
9
9%
J-J
108%
22
9%
11'A
J-J
United
United
U N
J
United States Steel
Serial debentures
1.125s
1966
1947
Saguenay Pwr Ltd 1st M 4'As
St Jos & Grand Island 1st 4s
—
2.15s
2.20s
13 Va
13%
10'A
2.35s
2.40s
1996
gold 6s
2d
St
Southern—
Div 1st gold 4s„
Iron Mtn &
Louis
SRiv & G
A
_1996
gold 5s
Adir 1st
Lawr &
St
St
1948
5s
1959
1955
stpd
Mt & P 5s
L Rocky
1933
deposit
of
ACertificates
fASt L Peor & N W 1st gtd
St L Pub Serv 1st mtge 5s
1950
Fr pr lien 4s A
of deposit——
JASt L-San
ACertificates
1950
lien 5s series B
APrior
—
-
of deposit
—
series A
1978
ACertificates of deposit stpd—
M 4Vis
Louis-Southwestern Ry—
tSt
1st
A
4s
—1952
1990
ref gold 5s series A
&
Duluth 1st cons
Paul &
St
Nov 1989
& unifying 5s
§ A 1st term
AGen
1989
bond certificates
inc bond ctis—
4s
2d
gold 4s_l968
jASt Paul E Gr Trk 1st 4Vis_
t§ASt P & K C Sh L gtd 4VisSt Paul Union Depot 3'/8S B—-
4s s f dob
V & N E 1st gtd 4s—
Schenley Distillers
Scioto
1947
1941
1971
1952
—1989
fSeaboard Air Line Ry—
§ A 1st gold 4s unstamped—
1950
§ A4s gold stamped—
.1950
AAdjustment 5s
Oct 1949
gARefundmg 4s_
1959
ACertificates of deposit—
A 1st cons 6s series A
1945
ACertificates of deposit
1933
J § A Atl & Birm 1st gtd 4s
tASeaboard All Fla 6s A ctfs
A 6s series B certificates-,
1935
_iy35
1954
Union Oil 2%s debs
23/4S sinking fund debentures
Shell
1961
t§ ASilesian-Am Corp coll tr 7s„_-1941
Simmons Co debentures 4s
—1952
Skelly Oil 3s debentures
1950
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
Soutb Bell Tel & Tel 3'As
1964
3s
1963
—1962
1979
—1947
;
debentures
Colo Power 6s A
Southern
2.60s
107
•
107%
2.65s
87%
168
77%
87%
85%
5
78%
56%
■
"
■
J-J
58 %
65
44
1
91
-
Pac
(Cent
Gold 4 V'2S
10-year
South
1st ref gtd 4s
Pac RR
Southern Ry
Devel
Devel
&
&
1st cons gold 5s__
gen
gen
4s series A
6s
&
1st
&
32%
19
1,041
31%
27%
28
30'A
75
18%
31%
29'%
33%
530
20%
35'A
20
34%
65
32'%
30
33
29'A
33%
1,618
19%
34%
32'%
3 2'A
175
19%
34'/a
29%
92%
92%
93
46
85%
78'A
77 J/a
78'4
17
67
debenture
Studebaker Corp conv
46'A
Called
86
59'%
35%
39 Vi
341
■
*86
■
_i
J-D
1st
5s
cons
MS
28 '4
AGen
mtge
AGen
mtge
101'/a
1
125%
*124
29%
1
104% 104%
104%
M-N
104
1966
124'/a
93%
98%
99
24
97%
99%
98 >4
98%
56
97%
99
—
—
„
'108%
110'A
6
11.1% 111%
104%
•'
93
92
92
83%
39
72'A
108% 109 Vi
109
85
lu7'A
92
4
82%
82%
112
79%
86%
*85 Va
*106'A
30
108'%
83'%
110
10%
F-A
48%
4%
13%
Walworth Co 1st mtge
172
14%
27'A
Warner Bros
2
22 Va
25%
21%
24
13%'
1,230
26
15
93
25 Va
23
24%
27%
22
26 Va
114
14
26%
46'%
34
31
47'%
25
M-S
F-A
24'A
43
23 %
27%
27
15%
30
17 Si
28
■
101
Gen
104'A
103 Vi 104'A
9
103
104
103% 104
4
101%
104
mtge
104'A
F-A
105%
■■'.i
108'/a
8
123 Va
—
^
J-J
107'%
3
105'%
104
2
103'A
■'
'
Vi
64
72%
86
83
66
569
119%
'**>«•' '
11
110%
142
84'A
93'A
95
99%
36%
65 Vi
36'A
65'A
46
84
9 4'A
82
8 7'/a
89
92
97'%
81
98
36
62
59
64 Va
62
59
64%
443
M-S
M-N
93%
92%
J-D
93
91
94
93'A
MS
90
z
90%
131
101% 101%
4
114
89%
M-N
2361
J-J
59
55%
59 Vi
2361
J-J
54 3A
53
55
1954
M-S
98
96%
98%
254
93'%
99
J-J
95%
94%
96%
101
87%
96'%
A-O
82
85%
297
70 Va
—1955
1994
.1956
1956
84 Va
86 Vi
J-J
J-J
100%
99
102
92
153
68%
95%
96'%
39
87%
96%
A-O
96 %
98%
98
99'A
100
92
A-O
93'/a
47
84
J-J
93%
97
45
89'A
97'%
4
111'A
112'%
106
60'%
56'%
27
103%
104'A
109 J%
110 Va
14
—
88%
'
*115'A
J-J
88
90%
104'%
106%
103'A
1
104
..
—
;
79
91
%
A-O
1960
43
94'%
101%
41%
*110'%
88%
J-J
1947
101 Vi
89%
104 Va 104 Va
M-S
.1966
83
37
103 % 103
J-D
1949
63'%
156
112
111% 111%
M-S
64'%
78%
111
3
1946
66%
75 Vi
109%
106
110% 110%
A-O
52'A
77%
120
108%
.
*109%
69
A-O
95
104
106
1951
Winston-Salem S B 1st 4s.
45
88
103 Va
.1946
1955
104
' J-J
53%
MS
96
91
102 Va
31
6
167
1960
5s_
85
54%
4
'
1951
1st 5s ser A.
88
68
155
84%
82
■
.1950
fAWestern Pacific
104'%
61%
8 5'/a
J-D
.1952
1977
Maryland 1st 4s
ref 5%s series A
32
...
*104
J-D
J-D
M-S
J-J
1950
—1967
..1963
1966
107%
104
J-J
F-A
F-A
27
28 Va
3
41%
95
41%
94%
*104
108%
107
'
5s E
3%s series I
Power 1st
106'%
107'A
■
108%
108 Va
1st &
105'A
'
'
w—
Western
123
19
105% 106'A
*123
'
A-0
gtd
5s stpd
mtge 3%s
Penn
1st
A-O
102% 103
95
30
26%
10
93 ii
92 %
93'A
103
31
27%
-
*11.9% 129
West
44
40
2
41
100!%
I 9 %
..
"27%
Q-Af
Washington
27
27
27
F-A
gtd gold 3%s„2000
Central Ry 1st 4s
1943
Washington Term 1st gtd 3%s
1945
1st 40-year guaranteed 4s
1945
RR 1st ref
Warren
Westchester Ltg
98%
82
*100% 101'A
41
F-A
—
99%
99%
99%
J-J
J-J
4s__
Pict 6s debs.
29'A
*25
F-A
MS
A-O
M-S
48
27%
115
24
M-S
A-O
—1955
.—1948
28
212
10%
23'A
A-0
J-J
gen
ARef & gen
28
45
—
27 %
52
34
25%
*29%
28
93%
44
5
40
36%
83 Va
~6
93'A
48%
39%
F-A
A-O
A-O
50
26%
91
46 %
76
225
92%
48
M-S
ref & gen
47
114'%
56%
60
58%
59%
58'%
115%
271
47%
64%
4
47%
60'A
911
14%
23
107%
J-J
101
'91%
96'A
—
112'A
112'A 112'A
-
«
*107% 108
48%
■
49'A
J-J
105
105
106
104'% 107
M-N
T936
T968
100
a
100
,'ff
*104
•
103
103
fAWor & Conn East
J-J
—
_
1953
J-J
J-J
F-A
A-O
1965
M-N
1943
J-J
121% 121%
104
112
__
104%
106
104'A
105'%
101%
100
,v
103%
11.0% 110%
*1.08
*18 Va
7
Sheet & Tube—
1948
Conv deb 4s
1st mtge s
1960
f 3 Vis series D
M-S
103'A
M-N
98'%
103%
21
25
?i
111
108
20
108'A
110'%
107
15
20
102'A 103'A
153
101%
98%
46
103'A
95 Va
97'A
99
Deferred
delivery sale
not Included in
105%
106'%
100
101 'A
ABonds selling flat.
105%
113
104'A 104'A
3
103 %
20
106 »A
45
100}i 100U
1
92%
89
/
u-
maturity. tThe price
Accrued interest payable at the
§Negotiability impaired by
pound unit of bonds.
104'A
57
not
sale
105%
104
91%
sale not
105'%
121%
120
105% 106'A
d Ex-Interest, e Odd-lot sale
included In the years range, rCash
the year's range,
n Under-the-rule
the year's range.
represented is the dollar quotation per 200exchange rate of $4.8484,
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
Bankruptcy Act, or securities assumed by such companies.
"Friday's bid and asked prices; no sales being transacted during current week.
1
2
105% 105%
—
.
105%
102%
10
110%
90
Vv'''i'
100 SI
1
105%
91%
36
W-
107
11
111% 112
J-J
15'A
52
a
,i F-A
J-J
.1943
1st 4'%s
20
103%
32
— ..
103'A
A-0
.1971
17 Vi
19
M-N
108
19
105%
'
ACertificates
Youngstown
100 A
M-N
K?
104%
36
fr.
J-J
'
93%
41%
o to
.1949
ACertificates
100
107%
•
17
*103'/a 103'%
F-A
J-J
18
107%
107
M-N
104% 105%
103 Vi
100
2
98%
5Vas A—1975
series B—...—.—3976
4%s series C——1978
5s series D_—
1980
t A Wabash Ry
ARef gen 5s
46'A
9
105'A
3s
102
99
J-J
Apr
Apr
41%
45%
J-D
gold 4s
101%
102
102
—
99
1971
4s Inc series A
1981
Inc 4'As ser B—.—1991
47
A-O
A-O
1950
f
103
102%
101%
—
*103%
M-S
106
123
—
ARef &
1959
s
101 %
101%
2
~
*101
J-J
A-O
4s series A
1st mtge
103 V4
17
217
103'A 103'A
'
A-0
1974
refund
101%
„
■
55
1944
■
101%
102
101 Va
103
*101%
677
1951
101 'A
101%
...
W
not included in
Gen
102
*ioi%
357
feCll
101%
101
/.:'\
102
101%
101'A
__
—
*101
103
V
101
101% 101%
F-A
1958
■
series A—
Included in the year's range,
*wiv
101
l
*102
99%
99%
■
.
*101'A
350
Terminal Assn St L 1st cons 5s_.
„
101
101
'•
Wabash RR Co—
14
6%
5
13
25 Va
26'/a
F-A
•
•
13
J-J
bonds
.
102'A
102
102
*101'% 101%
61%
—1961
98%
94%
98%
—
*99%
61%
1956
v
—
*99%
64
i—
20
126
98 %
97'A
40%
55
38'A
J-J
1961
—1953
deb 6s—
1945
Swift & Co 2%s debs
107
;/
107%
100% 102
F-A
M-N
M-S
M-S
4s series A—1955
Cons s f 4s series B
1957
Va Elec & Pwr 3%s series B__
1968
Va Iron Coal & Coke 1st gold 5s__1949
Virginia Pub Serv 1st mtge 3%s__1972
Va & Southwest 1st gtd 5s
2003
65
27'A
8o
58
J-J
93
Apr
Superior Oil 3'/2s debs
107%
106'/a
101
57'A
Standard Oil N J deb 3s
2%
106 Va
*101%
A-O
A-O
F-A
79'%
J-J
gold 4%s_.2013
debs__—1966
Spokane lnternat 1st
Stand Oil of Calif 2%s
101 Vi
27
94'A
M-N
J-J
a
101%
97%
98
M-N
M-N
M-N
M-N
M-N
M-N
M-N
M-N
M-N
M-N
M-N
M-N
M-N
Vandalia RR cons g
Virginian Ry 3%s
1968
.—1972
Pub Serv 4s
97%
31
i>
30'A
J-D
ref 3s series C—„
Southwestern
26
>108%
32 Va
Bell Tel 3%s B—1964
Southwestern
158
101 Va
60
gen
109%
108%
*107
59
6'/2s
1956
Mem Div 1st gold 5s__——1996
St Louis Div 1st gold 4s
1951
Devel
107%
•.
103'A
107% 107%
107%
62
1946
1st 4s
12
105
100%
100% 1.01%
60
secured 33As_—
Fran Term
San
112%
9 Va
103
2
100% 101'A
108
V4
108
59'A
1981
110%
■:/ :/".V 2
.5
10%
104%
104
103'A 103'A
M-N
.
106%
~
10%
—1950
Gold 4V2s
105%
__
112'A 112'A
104 Va
M-N
1968
—1969
Gold 4'/2s
*;
117
102
117
100%
76
—
30%
Pacific Co—
coll)
Aug 1949
4s registered
1949
1st 4'/2s (Oregon Lines) A——1977
4s
98
A
91
21
97
—'■
*106%
A-O
A-O
M-S
M-S
—1951
1944
3944
Stockyards 4Vis w w
Trac 1st & ref 5s
Light 1st 5s
Power &
Utah
30-year
Southern
96%
87%
96
93'A
73
81
j-J
32
28%
61
92%
*76
J-J
MS
21%
85%
92'%
58!%
MS
.
-May 1 1943
NOV 1 1943
May 1 1949
Nov 1 1949
..May 1 1950
Nov 1 1950
—May 1 1952
Nov 1 1952
May 1 1953
Nov 1 1953
May 1 1954
NOV 1 1954
May 1 1955
Utah Lt
85'%
j-J
515
81%
108
99
United
—
—
—
84%
87 Va
M-N
25%
*116
M-N
J-D
65 Vs
55%
4
*60
A-0
66
24V4
—
63
63
J-J
ACertificates
ACons
99
102'A
26
•
*106'%
J-J
6 5'/a
62%
96%
J-J
A-O
-
—
2.55s
O
3 03%
Corp—
1.00s
2.50s
O •r—4
7
34
J-J
Biscuit 3%s debs.—
1955
Cigar-Whelan Stores 5s—.1952
Drug Co (Del) 5s
1953
RR & Canal gen 4s
1944
United
2.45s
A-O
A-O
F-A
grant 4s_.
—
1947
3%s deb———.—1970
35-year 3 %s deb.,
1971
Ref mtge 3%s series A
__.._1980
2.10s
31
28'%
30%
107%
79
*102
Pacific RR—
2.05s
108'A
*108'A 108%
M-S
81
67%
*93%
1945
34-year
—
—
—
M-S
M-S
104%
18
100%
J-D
M-S
82
94
M-N
& land
1st
86%
104'A 104%
M-N
82
67%
63
1953
1959
debentures.—.—.—-—..-1967
Union
87
104%
J-J
1956
Rand deb 3%s—
Remington
96 J%
J-J
68
149
25'/4
,;._1971
3%s
Elec Ry (Chic) 5s
of Calif 3s deb
Electric Co of Mo
Union
3s
166
J-J
A-O
97
81
U
106
tSAUnion
Union Oil
4s—.-1951
1997
81
111%
4
R
Reading Co Jersey
110%
110
3.07 >/2
221
7
■V. V
110% 110%
101'A
2
High
79
J-D
ArO
J-D
M-S
J-J
deb A—
Tri-Cont Corp 5s conv
1
Loio
79
80%
146%
220
104% 104%
No.
106%
145%
•
'
110%
A-0
91
110%
106%
-
High
January
Sold
80 %
A-O
Cent ref & impt 3%s.-1960
Tol St Louis & West 1st 4s——1950
Toronto Ham & Buff 1st gold 4s._1946
Trenton Gas & Elec 1st gold 5s_„1949
15
7
Asked
110
A-O
A-O
J-D
M-S
J-J
Tol & Ohio
99%
110
*220
ref 5s series
&
Range Since
Bonds
Friday's
80%
J-D
■
91
'''
■
*147'%
,
'—J
95%
'
—
*106% 107'A
,
_■
•
,
:; J-D
%
4
14'A
*.."94%v
'
M-S
;
5
14 'A
M-N
ref mtge
&
1st
r-;
.
W
99%
98%
109%
108%
3
■J.1
*io8%
'AJv.'V
: •
.
C
Gen & ref 5s series D
Tex Pac Mo Pac Ter 5%s A_
__1964
Third Ave Ry 1st ref 4s——
1960
AAdj income 5s
..Jan 1960
106%
106
108% 108%
J-J
F-A
4s——-,-1957
4s—,——1956
3'As_.
1968
El & Gas
1st &
'
*106'% 107'A
J-J
ref 5s series B
&
Gen
2000
;1977
—1979
1980
gold 5s
& Pacific 1st
Texas
95%
90 "
114
95%
94
95%
M-S
___1950
Securities
Terminal
118%
Gen
J-D
M 3Vis——1966
3Vis.———
.1977
Steel Car deb 5s_—
1951
t A Providence
—
Period
High
108%
J-D
El Pwr 1st
t A Providence
Low
118%
No.
—
or
Sale Price Bid &
Low
108 >A
*119%
F-A
mortgage
1st
January 1
High
Low
,1977
.—1960
4%s
Sold
Last
Interest
Stock Exchange
Week Ended April 16
New York
Range Since
"108
J-D
Ash 1st 4s ser A—.1948
5s series B
1962
5s series C—
.
1974
1st
Sale
Period
Young &
Pitts
Bonds
Last
Week's Range
Friday
BONDS
Week's Range
or Friday's
Price Bid & Asked
Friday
BONDS
the
MWIHV*
u
"ft in
1441
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4169
157
Volume
VfvtJ,
*
ZSSSS^SSSSSk.
•
.
t-.H
■■■
EXCHANGE
NEW YORK CURB
RECORD
YEARLY
AND
WEEKLY
only transactions of the week, and when' selling outside the regular weekly range are shown
in
footnote in
such sales in computing the range for the year.
In the following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
April 10, and ending the present Friday (Af>ril 16, 1943). It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended to include
every security, whether stock or bond, in which any dealings have occurred during the current year.
range unless they are the
sales are disregarded in the week's
the week in which they occur. No account is taken of
and deferred delivery
NOTICE—Cash
a
Mgararay
smssmwsmz:
232
Exchange
Curb
10
April
Ended
Week
Wire
Co
B
Class
(NJi
Accessories Corp,.
Aircraft
Air
Investors
common
preferred
Convertible
preferred
Investment
Intl Investing $3 conv
Allied
A
Class
common
conv
Aluminum Co
pfd
(Mich)
Products
Allied
Jan
5Vs
Jan
8 74
874
1,600
5%
Jan
8%
Apr
Jan
7% Mar
"2% ~3%
28,300
174
Feb
3%
Apr1'
2Vt
600
1%
Jan
2'/a
Mar
27 %
Jan
33 J4
Apr
22
Apr
•
274
Ltd
Aluminium
common
common
Co
American
Book
American
Box
American
Capital class A
Board Co common
3
Apr
Jan
106 %
Jan
Jan
4
Breeze
Apr
Bridgeport
Mar
Jan
29
105'4
1,000
124 V2
121
Jan
128
Apr
112
Mar
10674
Jan
15'/a
15 Va
100
13 74
Jan
15 Vt
Apr
9 V4
974
% 100
6
Jan
10 y2
Apr
111% 113%
1,750
86
106% 10674
'
1,050
250
400
'
'
113
174
1%
1
100
1
7%
174
28%
30V4
6 74
Jan
108
Jan
20%
200
Jan
414
6% Mar
Jan
Am
dep
B,
class
Common
$5.50
Cities
American
A
Class
class A
Cyanamid
American
B non-voting,
Class
Gas
&
Fork
Hoe
3274
31
29
31 V2
Amer dep
/
Co
Maracaibo
Meter Co,
American
Potash
American
Chemical
&
Republics
American
Seal-Kap
American
common
n
16%
Apr
Rnrry
Biscuit
Apr
Butler
(PA)
800
107
93%
Jan
3%
Jan
28%
Jan
Breweries of Canada
Associated Electric IndustriesAssociated
rects
dep
American
41
Mar
16 74
100
llv*
Jan
18
Apr
Jan
2714 Mar
15%
1674
3,100
13
Jan
17 Ve
2 5 7'2
26 Va
200
25%
Feb
26% "Feb
3374
35
575
26
Jan
35
Apr
80
Jan
80
Jan
„
34'/a
74
%
Associated Laundries of
America
Atlas
6%
& Sons common
(B F)
Avery
preferred
Axton-Fisher
5%
Jan
107a
Apr
Class
A
2%
Jan
4%
Apr
Class
B
5,800
100
82 74
8874
Feb
Jan
%
Jan
88%
Apr
Jan
11%
Apr
Jan
3% Mar
Jan
5
rfa
60
750
Feb
Apr
Mar
1174
8%
1174
9,600
2%
3%
3%
374
1,400
3 Va
374
474
2,900
21-2
2%
3
300
1%
174
500
1%
Jan
11%
1174
200
81a
Jan
12
Apr
103 7a 10374
190
97%
Jan
106
Feb
3
6,100
1%
Jan
13,500
114
Jan
3,000
8%
Jan
1074
92 '
;y
'Vv
3
2%
2%
274
3
9%
9%
974
2
-
Jan
'
8874
89
40
88 Vz
Apr
12%
1374
1,300
10%
Jan
7%
774
200
5%
6
674
2,400
6
Mar
3% Mar
274
Jan
314 Mar
3 Va Mar
Apr
Mar
13%
Canadian
1%
'4-.^ .' .'y
'
Basic
Seelig
&
A
Inc..
Refractories
(L)
Baumann
common
7%
2nd
preferred
,
Aircraft Corp
Aircraft
Bellanca
common
of
74 Mar
174
Feb
Mar
75
Mar
111%
Jan
6 74
Apr
IJWI
Casco
Products
Castle
(A
&
Bickfords Inc
preferred
common—
Birdshoro Steel
Blauner's
For
Fdy & Mach
common
footnotes
Co com
*
.
see
page
1445.
8>A
500
Apr
Jan
874
Apr
1574
Feb
1874
Apr
Jan
1574 Mar
Jan
14 7a
174
Feb
100
1174
16'4
Apr
Jan
3
74 Mar
14
Feb
Jan
16 74
Apr
Jan
.102 74
Apr
80
102%
110
174
2,600
16%
100
Jan
1574
93
1174
1274
26
26
100
1
1
100
950
Jan
15%
Apr
Jan
93
Apr
Jan
1274
Apr
27
Apr
fs 1,1111
1
Mar
9%
2,700
26
Apr
2,600
7%
Jan
2
Vz
Apr
200
2%
74
Feb
Mar
103 4
1.4 74
8974
2
Mar
6 74
10
82
11,800
15 Va
2Va
Jan
16 74
Jan
77a
93
1274
ii-yVy
17-4 Mar
A Jan
14%
2,800
10
Mar
Mar
574
10,900
Mar
3
17^
400
3%
,-k
"9%
2%
Feb
5 72
Mar
4
374
274
Jan
100
374
Jan
474
300
4 74
Jan
974 Mar
16%
Jan
20%
Apr
41
Jan
71
Apr
6
1,500
3 Va
4 74
77-4
v
30
7074
5 >4
—
374 Mar
Apr
Consolidated
7% Mar
Jan
$6
60c
Service
$6
2,200
Jan
10,100
274
Mar
24
Jan
3674 Mar
&
800
2974
Jan
100
3%
Jan
574 Mar
Club
74
Jan
2%
Apr
Cockshutt
1274
50
9%
Jan
127/4
Apr
5 74
400
4
Jan
Mar
—
•
Jan
16
24
Apr
~4% ~4
Va
10 Va
10
100
"374
Feb
400
•'
7%
Jan
&
Colon
674
21% Mar
4
4
13 74
14,000
8V2
Feb
4%
11%
13
1,500
3 74
Jan
Coal
134 74
134
110
:
'
__
■
35 74
■
13 74
conv
$7
5
Jan
135
Apr
45
Jan
Jan
Jan
42
Mar
74
Feb
9% Mar
74
1°0
10%
Feb
10
Apr
1,000
1 6
'
8%
9 74
700
474
47a
25
6
Jan
374
Jan
474 Mar
$3
c
Jan
11174 Mar
102
10%
8,000
874
100
105 74
Apr
13 74
Apr
7
12%
Jan
Feb
774
Apr
8%
Apr
3 74
8
8
8
90%
91%
92%
3,100
27/a
Jan
474
Feb
6
Jan
8 74
Mar
Jan
8474
Jan
7%
Jan
102 %
Apr
280
io5
102% 103
19
Apr
11474
Jan
93
Apr
974 Mar
Feb
106
%
5,400
A
Jan
% Mar
10 Va
2,000
774
Jan
1074 Mar
A
9
9%
Jan
1,000
"374
Jan
114%
374
6%
1574
6
Mar
7
Apr¬
5%
5%
100
474
Jan
7
7
100
4%
Jan
100
9%
Jan
il 74
Feb
80
Jan
99%
Apr
150
64%
Jan
7274 Mar
7
600
5%
18
2,925
11 Va
11 Va
117a
70
69
6%
200
Jan
•
•
.4C—10
1
1
4
*
•
100
•
—£1
1
Machinery—
1
*
*
1
*
100
100
1
7.74 Apr
74 Mar
.
Apr
18
974 Mar
7
67%
10
Mar
80
Jan
7j/4 Mar
Jan
6874 Mar
Jan
86 Va Mar
75
67 V2
800
7
48
76
674
7
Jan
15%
7%
15%
1,100
8574 Feb
7% Mar
100
47'2
Jan
6%
6%
%
Feb
Jan
13
74
3,800
V is1
574
33%
33%
225
29
12 7a
12 74
700
6
1274
674
Apr
Jan
17% Mar
74
Feb
574
Apr
Jan
Jan
32%
Feb
34
"274
"2%
2%
274
5
474
5
574
5 74
574
1,200
300
13%
Jan
10% Mar
2
Mar
8
200
Jan
77a
•
•
ordinary
Mar
9
.
Jan
16
Jan
—
Mar
Jan
474
1946
43
7%
5174
Biscuit Co
Consol G E L P Bait common
4%% series B preferred
4Vr preferred series C
Consolidated Gas Utilities
Consolidated
106%
10
3,750
& Coke Secur common
preferred
10
.
78%
pfd
extended to
42
111
73%
common...
Apr
Jan
76%
—:
Apr
774
38 74
874
Patent
Gas
Mar
100
41%
Fuel & Iron warrants
Fire Arms
t
6
100
*
•
—*
preferred
*
Colorado
V
Mar
10
Rosenberger Inc
Development
Apr
13 74
23 74
Jan
:/~7
105% 105%
11%
2%
Jail
Jan
Airlines
Conn
Apr
Mai-
974
374
Utensil Co
Co
25
u
30,300
111
Compo Shoe
Mar
5
Jan
115%
33
■
23
3% Mar
14,500
Corp
Plow
2%
11%
*7
Apr
Apr
4%
Jan
22
1%
11%
Jan
4 %
2574 Mar
Feb
Jan
3
25
Columbia Gas & Elec 5% preferred.100
Commonwealth & Southern warrantsCommunity Public Service
25
Community Water Service
1
1074 Mar
374 Mar
8%
Co
Aluminum
Colt's
"4 74
2,900
Jan
7 74
Colonial
—
Apr
1%
8%
Lambert Mfg
Electric Illuminating
Clinchfield
7,100
6
674
11 %
Cleveland Tractor common
574
5
Jan
15%
Lights Inc
Neon
Clayton
27-8
V
P & L
Controller
2
35
Feb
17a
iff
preferred
City Auto Stamping
City & Suburban Homes
Cleveland
5% Mar
3 74
2%
3V4
5
12,300
Iff
S6
Cohn
"574
5%
1
common
Service
Cities
{3 Mar
Jan
100
preferred
preferred B
preferred BB__
Clark
1974
6Va
4%
4
Mining.
preferred
Childs Co
Cities
174 Mar
A 1,511
tk Jan
37a
Feb
3,300
18
1274
474
1774
1%
"974
Gas & Elec com
74
38
5 74
•
Jan
5
*
Central Maine Power 7% preferred.100
Central New York Power 5% pfd—100
Central Ohio Steel Products
1
Central Power & Light 1% pfd—100
Central & South West Utilities
50c
Cessna A'rcraft Co
1
Chamberlin Metal Weather Strip Co—5
Charis Corp common
10
Cherry-Burrell common
—5
Chesebrough Mfg
25
Chicago Flexible Shaft Co...—
5
Hudson
Chief
1
Convertible
common
14%
16%
1%
—
1
America
Chicago Rivet & Mach
5
'
2V4
of
174 Mar
7,100
33
35
Berkey & Gay Furniture
Hedges
Jarx
100
95
102%
10
& Co
M)
Corp
6 74 Mar
174
4'/4
''
Co common—
Carter
Jan
2174 x22
*
•
1
Benson
31
1774
12 V*
16
1
1
*
5 Va Mar
\/; /
22
'
Jan
Jan
12
1
common
Jan
--A,.':
100
Canada—
30%
3
Corp
Carrier
6 Va
'
■
Bell Tel
50
3
*
Jan
.
20
1
1
convertible preferred
$1.50
Beech
30Va
11%
A—-
4 74
67
10
Beaunit Mills Inc common—
10% Mar
12%
preferred
$6
Jan
Feb
class
Co
28 74
7%
1
Brummell Ties Inc
Beau
44 7'a
300
1734
*
175
4 74
.
*
*
1st preferred
1%
200
10%
30%
100
34 74
3'/a
3 74
'
5
1
*
common
64% Mar
63
*
*
1
Jan
Mfg—
convertible
$1.20
Mar
174 Mar
"
3 7a
Products
374
1V4
•
Barlow
■jT; Feb
.
Industries Ltd—
300
'
:
17%
1
1
common
Steel
Mar
74 Mar
5
Jan
10%
•
*
Carnation Co common
—*
Carolina Power & Light $7 preferred..*
Jan
109
•;'
•'
8 Va
30
Co
Rubber
Stainless
400
774 Mar
23%
—.—
5V4
32
^
'
.
.
.
5
474
preferred
Barium
78
Class B
Central
Apr
voting
Marconi
&
Carman
8 Va Mar
Baldwin Locomotive—
Baldwin
5
Jan
274
Apr
Mar
11
25
voting
City
Capital
Jan
174 Feb
6974 Feb
;
574
•
Jan
61
50e
preferred
7%
Catalin
"74
100
A
:
'-r'
warants for common
2
30
800
Foundry Ltd—
&
non
Canadian
Claude
Purchase
1,200
474
50o
certificates
Car
Canadian
4%
'
B
Babcock & Wilcox Co
4 74
76
474
Mr
25c
participating preferred..
Industrial Alcohol—
7%
Apr
"
"Vk
341/4
Jan
Canadian
4%
13%
1
Patoka Collieries
Ayrshire
57
41/2
com—10
Tobacco class A
2414
Jan
16,000
5
*
1
*
5
—25
Plywcod Corp
Automatic
Products
Automatic Voting Machine
%
Jan
10 Va
Atlas Corp
Atlas
Jan
4'/2
174
warrants.
Drop Forge common
Apr
%
9 74
Va
'ii-
Jan
37a
17%
20
California Electric Power
-10
Callite
Tungsten
Corp
1
Camden Fire Insurance Assn
—5
Canada Cement Co Ltd 6%% pfd—100
45
75
L
77a
6,900
,
Sugar Estate
Caiamba
20 Va
54V*
—
•
Atlanta Birm & Coast RR Co pfd—100
Atlanta Gas Light 6% preferred
100
Atlantic Coast Fisheries
.—1
Atlantic Coast Line Co
50
Atlantic Rayon Corp
1
1,100
674
174
12 %o
Corp
common.———
trust
Voting
500
23
50Ms
10 74
Associated Tel & Tel class A
107-a
61
•
Cable Electric Products common
3,700
U
22 %
50%
£1
•
reg
9%
57-4
Apr
Mar
2
2074
36 V« Mar
16 7/2
5
—_1
•
Works common
Oil & Refining Co
Ashland
Jan
574 Apr
225
1,000
10
Jan
400
Apr
5
V
2674
—
Jan
%
11%
1074
2.50
.
preferred
Corp Am dep rets—
25
25
.
Sullivan
&
$3
Jan
25
'
Hill
Inc
Burco
Jan
Jan
4%
Bunker
8%
27a
1,800
16,300
76
25
*
preferred—
preferred
1st
Feb
%
Jan
1%
~4
;—*
Pipe Line new.:
Buffalo Niagara & East Power—
Feb
7% Mar
20 Va
—
1
5
•
common
common
Buckeye
$1.60
28
Jan
Feb
52
Jan
174
•
Mills Ltd
1914
2014
4
Co
12
700
1674
/,
(EL)
Apr
23
6
•
Rubber Co
Bruce
$5
50
10
1
preferred
Brown
Burma
'*
Light $7 preferred.*
Corp..
1
Art Metal
Mar
1,700
Arkansas Power &
Equipment
1 Va
35 74
1%
Aro
Apr
2774
16%
1
common
preferred
A
107
.
474
■
2
preferred
Apr
3 Va
35
106
474
35 J/4
Angostura-Wupperman
.
1
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 4'/a % pfd—100
Arkansas Natural Gas common
*
Common class A non-voting
•
6%
31'4
Apr
1%
10s
rets ord reg
4,400
16
2474
274
Fence
Apr
40% Mar
Apr
1574
Corp common
•
preferred
♦
$G series preferred
—*
American Thread 5%
preferred
5
American Writing Paper common
•
Post
32 VB
39% Mar
Jan
2374
S6
Anchor
Apr
Jan
%
American Superpower
1st
Jan
A Jan
2,700
36 34
247'a
10574
100
100
1
*
—•
10
—2
Preferred
American
15%
550
Jan
16,800
15%
common
common
1514
11,100
fff
7%
Class
$6
374
£1
£1
reg
Brown Forman Distillers...
Brack Silk
3874
36%
37 Va
25
Co
Jan
37 V8
& Electric
Mfg
83% Feb
;
2%
274
2%
74
preferred—
6 cfo
22
Jan
5%
1,440
28%
_
American
Feb
Jan
500
31%
•
.—10
474 %
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 & Trac common—25
American
American
"7
674
Foreign Power warrants
American
Feb
1214
--
25
25
1
10
10
A
class
Convertible
1
Class B
iV
Feb
%
82
& Light—
Power
%
■'--.-/■Zv
*
*
preferred—
prior preferred
American
Central Mfg
$3
1%
Jan
Feb
20 VA
•
Co
ord
rets
'
Jan
700
3%
Celanese Ltd—
British
;
200
Tobacco—
Brown Fence & Wire
300
1
1
1
common—10c
10c
Oil
dep rects ord bearer
Am
Apr
3%
~6% "7%
"7%
•
American
Apr
Mar
1174
_•
A
American
Mar
V/i
590
674
29 Vt
10314
Feb
Jan
6
100
•
common
British
Mar
IVb
Co
British
120
45
6
38'%
46
•
A
i
Mfg
Class
Jan
33
class
preferred
Brillo
Jan
200
2774
100
B
Class
110% U1V4
110%
Machine
Preferred
Corp
450
10%
3%
*
*
Bridgeport Gas Light Co
BrilJ
43
10 74
1
Apr
4
Feb
common
Aeronautical'
Feb
~4%
28% Mar
24 l/2
123 Vz
Corp
Apr
4174
43
100
•
•
1
preferred
Brewster
2414
200
27
26%
Apr
2%
&
Brazilian Traction Lgt & Pwr
98% Mar
91 Vz
2d
$5
High
1674 Mar
Jan
3,000
common
1st preferred
7%
Mar
6,100
274
•
Inc
Bowman-Biltmore
83
250
Scrymser Co
Bourjois
Jan
3Va
V
& Co
Co common
1st preferred...
Borne
Jan
174
1,600
—
100
preferred
American Beverage common
98
7%
i,S)
Ct
1074
15%
14%
•?
2
1
•
•
*
100
25
optional convertible preferred
(H
15
Low
High
Low
__1
Range Since January 1
Shares
of Prices
Sale Price
16
Ridge Corp common
Bohack
Range
Last
Exchange
April
common
Blumentnal
72
2 74
8274
97%
9774
*
•
*
Mfg
Aluminum Industries
1/64 Mar
2,400
2%
82%
(E W)
$3
102
"2%
100
Goods
Aluminum
6%
4%
5
*
common
preferred,
6%
Apr
2,400
274
1
*
•
10
25
Fisher Inc common——
&
Alliance
21%
5 Va
"374
*
preferred
$6
Alles
blue
Feb
"4%
32
Power Co $7
Alabama
Bliss
874
3
50
•
Electric Appliance
Alabama Great Southern
Apr
20
20 Va
Warrants
Air-Way
Feb
Ended
w;:V-;'Si:/;Y;.',::Vv Par
..k'V ;
Va
"5
1
5
1
50c
2
10
—
Associates Inc
Air
17
1
Alnsworth Mfg common
High
Low
Curb
York
Week
Range Since January 1
Shares
10
common
Supply Mfg class A
Aero
New
for Week
lliah
Low
Par
Acme
Sales
Week's
Range
of Prices
Friday
Last
Sale Price
STOCKS
York
New
Sales
for Week
Week's'
Friday
STOCKS
Mar
Apr
2
74 Mar
8
Mai¬
's'/a
"1%
Jan
4
Jan
5
3%
Feb
6% Mar
174
Jan
374
Feb
Apr
3%
1,000
2,200
200
51 Va
Jan
Feb
52
53%
5 5 74
53%
43
870
Jan
44 74
Apr
40
24
43
3 74
374
10,600
3/64
1874
400
r—4 CO
18
1074
1074
350
5/„
1074
S/t
100
a3a Mar
1/64 Jan
Jan
14
3*2
774
Jan
1974
Mar
11
4
59
61
115
'
107
3%
4
6174
%
Apr
74
26%
4
Feb
74 Mar
Jan
500
Apr
Jan
2 7 74
100
274
Jan
3,400
5674
Jan
Apr
Jan
474 Mar
62
Mar
120
111
Jan
118
Mar
114 74 115
340
10374
dan
109
Mar
10674 107
900
2
Jan
3%
37/a
474 Mar
I
CHRONICLE
THE COMMERCIAL & FINANCIAL
1442
Monday, April 19, 1943
<
NEW YORK CURB EXCHANGE
April
Range
preferred
Royalty
Consolidated
Steel
Consolidated
Ltd
Smelt
5
1
Stores
Retail
Consolidated
8%
&
Mining
Corp
/II":
40%
39(4
.4%
5
:
725
31
Jan
3%
1,500
5
107
100
10
*
Oil
Low
1%
8%
8%
5%
General
Outdoor
Apr
General
Public
Jan
General
Rayon
General
Shareholdings Corp com
Jan
9
107
Mar
1
*
Continental Roll k Steel
Paint & Varnish
Cook
Cooper-Bessemer
Co-
*
*
*
5c
1
common
prior preference-.--—.
$3
Co
Gold Mine?
Corroon & Reynolds—
$6 preferred A—
Copper
:
Range
Cornucopia
Petroleum
Cosden
1,100
preferred
Jan
15% Mar
Jan
10%
8!4
Jan
Jan
41
6%
1,350
4%
Jan
7%
;
Gilbert
Apr
%
%
6.000
j'a
Jan
iii
Apr
1 %
1 Vs
400
%
Jan
1 Va
Petroleum
Creole
Liquidating Co
W
C
Croft
Co
Brewing
—
——~~«'—*
1
85
90
2
1%
2
1,400
18
Jan
16%
17
GOO
13%
Jan
85
6%
79
Jan
(AC)
6%
200
preferred
convertible
"fi
Refining
preferred
Crystal
$6
Oil
common
Atlantic
Sugar
Cuban
Tobacco
common
Curtis
Lighting
Inc
Cuban
5%
Jan
7
Godchaux
Mar
21%
10.800
15%
Jan
10%
500
,10%
Jan
10%
Jan
TV
700
3a
Jan
%
Feb
Curtis Mfg Co
3%
2%
3%
900
3%
3%
3%
1,700
24% Mar
"i% "l%
3%
4% Mar
2,000
U
I"u
(Mo)
Jan
14%
8,500
2%
2%
100
24
11
Feb
1%
Feb
% Mar
Feb
8%
15%
Feb
2%
Apr
Apr
Petroleum
Rubber Mfg—______—
Dayton
Class
35
convertible
A
Dejay Stores—.
10
Apr
Mar
5
preferred
$6 prior
convertible
*
18
11%
Jan
15%
&
120
24%
Jan
32%
Apr
1,300
3 %
J an
5
Apr
200
1%
Jan
3
Api-
57
Mar
111
Mar
32
4'%
4%
3
3
52
52
25
——'
Detroit
Mich
Stove
Co
Detroit
Steel
"2%
3 Va
70
~3%
Products
1%
3
De Vilbiss
I'io
Co
Truck
Dobeckmun
Co
;
Steel
Coal
&
Duval
3%
18
~4%
B
Mar
%
2,800
2
3%
Jan
Apr
1% Mar
800
Jan
4% Mar
Jan
18'% Mar
30% Mar
10% Mar
14%
oV4
9%;
9%
V
1,0 uO
3%
Jan
5% Mar
5%
Jan
9%
Apr
Jan
21%
65%
64%
■
1
65%
26a%
76
3%
3%
2
Jan
8%
67
Feb
Feb
2
50
24
Jan
27% Mar
150
3%
1 Va
11%
•
56%
250
26%
74
•—•
Jan
66
Jan
76
Apr
300
2%
600
Jan
4
Mar
1 Va
Jan
2
Apr
8
2,200
117'a
Jan
11%
Apr
East.
4
Lead.
Gas
%%
67c
&
Fuel
10
—:
Assoc
Eastern
Malleable
Eastern
States
.
Goodman
preferred series A
preferred series B
$5
1%
1%
2.100
1%
57%
275
32%
Jan
200
57
30
1,925
Jan
:
"%
♦
-
10%
Apr
2%
Mar
42
Jan
59%
Apr
19%
Jan
34
20
32
•
$7
t
v
class
Mlg
Jan
25% Mar
300
%
Apr
Jan
%
17%
150
10%
Jan
19%
1
c
Machine
B.
—*
Electric
250
10%
Jan
19%
4%
38
450
31%
Jan
1,300
2%
Jan
4%
4%
42
Grand
Non-voting
13
Mar
13
Mar
~5%
~4% *5%
117,200
2
Jan
5%
Apr
60%
59
62%
4,900
42
Jan
62%
Apr
66
60
67%
13,500
43%
Jan
67%
Apr
•
20%
17%
Jan
21% Mar
Jan
% Mar
Bond
Electric
Share
&
Power
Option
&
common
Light
2d pfd A
warrants
21
Electrographic
Corp
National
1
Watch
Co
15
Electric Mfg.
Empire District Electric 67c
Power
Emsco
Corp
&
Esquire
Eureka
Pipe
Eversharp
preferred—
Line
1,400
5%
100
27%
300
8%
10,200
91
26
Fairchild
108
98
98
10
96
3
A
33
•
10
3
1,600
3%
3%
17
Mar
35% Mur
Apr
Jan
Mar
A Feb
44%
27
100
Jan
.!■• "3%
Feb
44%
22%
150
27
27
Jan
27
1.000
37'%
VV-'-fl
.
Greenfield
1%
3%
Jan
3%
Jan
77%
67%
•
common.._25c
85.50
-
Apr
Apr
_A»r
5% Apr
5% Mar
8
3
3
4,800
36
Mar
5%
Jan
10
Apr
1%
110% 111
Jan
3%
Apr
37%
——
Jan
45'%
Apr
Jan
106%
Feb
130
107 Va Mar
—
4% Mar
111
Apr
4% Mur
•
.'w'-tak. '
.
Apr
102 Va
•'
•
Feb
Jan
300
44
42%
'••ICI-i'' '
80
134
27%
500
:
.
*
preferred
Lime & Alabastine—
9
Mar
127% Mar
75
400
u
44
450
33
'
*
pfd
80
131
32
..
—25
Utilities
800
1,400
131
y.;'-
x
Oil Corp
States
5%
5%
4%
'
—
Products
Stores
Grocery
79
•
Tap & Die
Gulf
•5
5.
.100
■,
-
...
..
H
Hall
Co
Lamp
Hammermill
5%
Paper—
Electric
Hartford
Hartford
Rayon
Harvard
Brewing
voting
Co
5%
1
l'.H
2
2
Hat Corp
Hearn
6 7o
Hecla
_.
28 Hi
9
Class
—50
34
Helier
7
it.
Jan
1
200
1%
Jan
2
Mai-
Jan
5
Mar
100
19'%
Jan
400
1%
Jan
3%
>___
—
Co
.
_
11
.
__2
common
Preferred
34
50
Rubber
Hewitt
36%
Jan
7%
Apr
200
6 %
Jan
9
Mai-
350
9
Jan
11
Mar
9
100
-'L Wf'
Hoe
6
Jan
^
*"•
Jan
9
Mar
22%
Jan
26%
Mar
7%
^
'
.
...5
common
Jan
11
Apr
14%
.2.50
Chemical new common...
(R) & Co class A__
Heyden
Apr
Jan
11
L; '*.
•'
30% Mar
8
9
9
Feb
4'/4
7H8
10%
..25
31
Va
7,000
7
8
.
*
A
Aiir
3 %
3
•
Rubenstein
Feb
Apr
V 49
28 3i
28-%
—5
Mining Co
Helena
6%
20 V»
Feb
3%
*
—
Dept Stores common
convertible preferred
Jan
Jan
1,200
of America B non-cot com__1
Corp
4%
17%
42
30
1
_
.
150
49
.1
ctfs.
trust
800
20%
48%
"
*
5%
20
I'--v.
Light
4
—
14 %
300
11 Va
Jan
15% Mar
2! Ha
22
800
21%
Apr v
24
Apr
20
213
21%
700
15%
Jun
22
Apr
2,000
6 Ha
Jan
10%
Apr
'
Consolidated
Hollinger
Holophane
Co
5
M
common
;
-Ullv
■
19
:I"
•
(Geo
&
At
Ci
Horn
(A
Horn
&
Hardart
Horn
&
Co
Co
32%
.
-
..
'
-
.
'
*
77 34
—5
4%,
76 3
Jan
34
a3
%
Jan
Mar
Jan
a3 V8
103% Mar
23 %
109
'
'•
•
100
105
Feb
Jan
Mar
27H«
Apr
113
Jan
14%
Jan
20
Apr
78
Apr
1
4
77%
4.000
60
Jan
4%
1.500
3
Jail
5 Va
Mar
6%
6%
1,200
0%
Apr
6 \u
Apr
It!"
Jan
u
14%
100
!A
14%
14%
__
150
*
Securities
20
4%
»
Co
'li'LL
25
19
19
Huyler's common.
V t c for 1st preferred
Hygrade
•
26%
26%
...5
Corp
29%
V 'rlv-'wL-'
••
Refining._i—
Fibre
Ligonier
60.
:
26%
it-
Oil
Hydro-Electric
32 Va
31%
.
Inc..
Feb
"
»
(Harveyt
17
'.
*
Baking Co...
preferred
k
1
common—
300
19%
'••LL'"-
•
common
Ha mart
5%
,
10
9Ha
10
•
Inc
Border's
Hormel
G
5
5H'a
";:"
1,700
'
3%
Apr
Mar
Jan
8
1
Food Products
15
Apr
Jan
1%
Feb
Jan
5 Ha
Apr
common
——
8
Apr
dep
31
27%
(Can)
3%
15%
Ireland
29%
Feb
Indianapolis P & L 5%%
8%
Apr
Indiana
94%
Jan
7 7o
Service
9
1%
Apr
1,275
22 %
Jan
31%
Apr
Insurance
2%
Jan
4
Apr
International
Jan
30
Mar
International
Jan
15%
Apr
Preferred
200
7
Falstaff
Engine &
1
Airplane—.
Brewing
Fansteel
Florida
Power
Motor
dep
Light
1,200
2%
2%
2%
8 %
8%
700
•
17%
16%
17%
1,000
5%
5Va
5%
1,300
.
1
10
$7 pre'erred..*
ord reg__
of' Canada—
Class
A
non-voting
Class
B
£1
voting
•
—
•
Worth
Stock
Yards
Foundation
Indus
Engineer—
(Peter)
Conv
Co
Mar
4%
—
participating
(Geo A)
81%
Jan
3%
Jan
21
21
1,700
57%
Jan
65 % Mar
88%
Industrial
15%
Jan
100
Jan
% Mar
20%
Finance v t
Co
of
c
Jan
21
Apr
Jan
15%
Jan
common
preferred
stock
13%
Cigar
Power
Co
Registered
General
Mfg Co
15
Mar
15%
$1.75
Razor
Alloys Co
83.50
prior
Investors
5 7c
preferred series
General
Fireproofing
Gas
&
Elec
86
footnotes
A—
io
58%
58%
50
45
Jan
61% Mar
7% Mar
68%
see
page
B
1445.
•
~7%
97
7%
50
15%
200
91
97
60
15%
Jan
24% Mar
550
09%
Feb
76% Mar
12%
Jan
5%
7
2.200
2%
Jan
7 Va
2%
2%
1,300
1%
400
7
:
15
Mar;
15%
16%
16
15%
16 %
400
8%
400
8%
' %
4,300
Jan
3
Apr
Jan
8%
Jan
13%
Jan
17%
Apr
14
Jan
17%
Apr
6%
Jan
9Ha Mar
% Mar
1%
Jan
6%
200
3%
Jan
7%
Apr
32
■•A %
2,200
iV
Jan
Ha
Feb
15%
15 Va
150
39%
42
450
••
%
6%
s
42
•
:
,
'
600
32
17
Apr
42
Apr
3%
Jan
•
21%
Feb
•
preferred
...
"3%
3%
300
1%
Jan
1
3/8
He
100
%
17%
19
200
14%
10%
10%
1,200
7%
Va
600
Italian Superpower A—
4%
2,300
3%
22
Feb
1
—
w.
'
10%
%
*
iii
.
Jan
Jan
7%
1
Mills
$7
Mar
1 %
8%
v-Vvv;
Jan
Feb
3%
Apr
% Mar
Jan
19
Jan
10%
Jan
Mar
Apr
% Mar
(F L) Co.
Gldss Co.——_
Jersey Central Pwr & Lt 5%%
6 7c
preferred—
preferred
;
1
100
72%
lVa Mar
9%
Jan
Jan
7%
Feb
13%
Jan
Apr
Jan
66
Jan
84
85%
40
69 %
Jan
86%
95
97
30
79
Jan
96% Mar
15
96%
% Apr
•
Apr
Jan
90
1
100
1%
Feb
1%
%
1
Jan
200
77%
4%
76%
100
...
—
2%
1%
76
4%
•
pfd„100
5
% Mar
2% Mar
78%
16%
Apr
Apr
Apr
7% Mar
Jan
Jan
2
15%
IH_*
common
preferred
7%
1% Mar
675
76
1%
;
Jeannette
44
II
Jan
23
74%
'
*
K
Kansas Gas k Elec
Kennedy's
common!"III_ 1
Corp
%
21
75%
•"
Mfg voting trust ctfs
Air Chute—
Jacobs
Jan
200
Apr
Apr
21
""%•
Irving
Apr
29
100
104
Apr
25
12
25 %
23%
23%
Jan
39%
12
24 % Mar
Jan
Iron F'ireman
Mar
£i
reg
Feb
20%
1
103% 103%
23:%
.%
Royalty
15
12%
Electric Co Ltd—
Amer dep rets ord
General Finance
Jan
20
—
Equipment
Power
21% Mar
1
91
10
preferred
Home
Jan
1
20
shs__*
__
Hosiery
Jan
•
'
Apr
B_.
—„—
Interstate
9
—•
20%
♦
preferred
19
300
Jan
*
Safety
800
l/2
16%
*
Products
B
300
1
250
Mar
13
—
Apr
20%
20
4% Mar
13
—
10%
Utility class A
Class
11
1%
12%
Jan
1
A
coupon
International
400
l
_
Jan
9 Va
•
Inc
Industries
International
xl2%
II"—100
common.
9%
100
50
shares
International
2
•
common
nreferred
Apr
500
J
Machine—:
Julian & Kokenge Co
Gatineau
Apr
12
10
10
series
7 7c
Gellman
.
Hydro Electric—
$3.50
Petroleum
200
39%
100
■
6% Mar
&
common
Industries
x21% x21%
15
!
12%
Jan
10
100
;
10
11%
100
America—
Metal
3%
xl2
»
preferred
Mar
15
3 Va
1
1
2% Mar
15
1
1.000
Apr
*
—100
North
Interstate
Apr
16%
Feb
12
Apr
7 (a Mar
16%
5
preferrcd_100
preferred
preferred—
17o
Interstate
4
12%
__
5
Co
convertible
Apr
1,000
—1
Malt
Apr
4%
20%
8% Mar
5%
140
Jan
5% Mar
Mar
I8V4
350
19%
3
Jan
85%
4V8
Mar
.....
.1
&
Jan
10 %
Jan
3%
65
•
Brewing Co
Distilling
Grain
conv
10
1%
.81.50 preferred
Froedtert
7%
,
Jan
85
Common
Franklin
1%
Jan
64
85
Ltd—
Co
7%
5,200
8%
rets
Motor
10 Va
.—5
—
(Phila)
&
9
1
i
_
Mfg Co
Association
.
l
;
Metallurgical
Fedders
10
9%
35
31% Mar
31 %
1,400
6'11
preferred—-———
Jan
4
Jan
600
Ti •%
£1
;
Jan
15%
11%
•
Registered
.—1
Tobacco of Canada.
Imperial Tobacco of Great Britain
i7.t
x3%
1
3
15%
14 %
£1
coupon—-
Imperial
%
50
15%
3!% Mar
Jan
Jan
Industries—
regis
rets
Jan
Mar
1
25
.
Am
Imperial Oil
12,300
"l
2.000
2,000
8.100
35
6%
•
Chemical
Imperial
25%
1
2%
7 V8
2V8
32 v>
34%
50
Co
%
6
l
common
Feb
*
preierred—
certificates
Zinc
Illinois
-'lo_
Power
Iowa
Feb
88
2.9
"l%
,_1
Aviation___
Fairchild
For
Jan
98
•
-.25
Paper
International
Gen
9
•
stock—
common
Northern
International
Gen
Jan
5
International
57e
Jan
5%
1
—...
Jail
4%
60
5
-
—:
Inc
8
7%
90 V2
10c
Inc
27%
iS
stock—*
Equipment
common
convertible
7%
pfd—_100
participating
Derrick
Equity
27%
4
Emerson
Empire
8
7
1,100
.13
5a
,
4%
Jan
26%
1,300
Tea—
preferred.__
1st
7 7o
Great
convertible
•
$3
12%
100
7%
—10
Pacific
&
arrear
•
Fuller
10.200
35%
7%
*
—
—
Rapids Varnish
Co.—
Atlantic
Div
5
Fox
16%
35%
1
_
Mfg
Gray
Great
Illinois
preferred
Fort
15%
*
Apr
preferred—
Am
16%
35%
—
common..
Apr
4%
$G
Ford
6% Mar
Feb
$5
Ford
Feb
Feb
17%
37%
17%
•
Fire
Apr
4%
Feb
17
17
'•Li-
•
Economy Grocery Stores——
S3
Mines——
A
preferred
$3
5 7o
Washing
Elgin
Mar
49%
200
Sugar Associates—
preferred
Easy
8
Jan
6
Co
Mfg
Inc
Gorhatu
Hussmann
25
Corp
$6
Eastern
10
9%
100
100
Iron
Jan
Apr
«
*
Consolidated
Hummel-Ross
10
•
common
prior preferred
preferred—
Apr
6
—
.
class A—i
preferred——
Humble
E
Picher
90%
39
•
Coal
Hubbell
Eagle
Jan
Jan
'
200
7%
common....'
common
Sulphur
Jan
45
Hazeltine
21%
9%
____——*
class
Corp
Texas
Apr
■
_5
*
_
104%
Henry Holt & Co participating A.¬
10
.
Hosiery
Test
Duro
19%
25
.
Co
Duke Power Co..
Durham
Apr
•
.
B
Corp
Harris
Mar
13
10% Mar
—
__1
Bridge Co Ltd
Dominion
Driver
71
Jan
*
—1
common
common
Dominion
Draper
Jan
x3%
10
common
Divco-Twin
62%
29% Mar
1,7%
10
common
preferred—
Shoe
Jan
2,100
'■
10
Jan
■
Apr
1%
18
n
__1
Jan
89 %
Apr
10
12%
1
common
Jan
Feb
15
100
70
12%
■
Jan
1,600
-20
Gray Iron Foundry
Diamond
50
110
—
31
luO
Mar
■
__
70
—1
Mfg
preferred
Detroit
Jan
1,300
32
32
~3%
preferred
Gasket
6 7c
8%
15%
100
Derby Oil & Refining Corp com
A
800
15
-50
debenture
Detroit
14%
14%
15%
125
225
—
Gypsum
"13%
14%
1
——
Mfg class A common
Dennison
8%
5
*
1
common
Hosiery Mills.:—.
Apr
3.9
•
Sugars
Goldfield
$6
Darby
Apr
5'/a
103 ]/8 104
common..—..-,
Gulf
Mar
D
Davenport
Jan
Apr
72
106% Mar
Apr
Jan
1% Mar
Jan
6
13%
7%
Jan
V«
100
2.50
5
common
Jan
19%
11
1 6
*
——
1% Jan
2%
6% Mar
14%
Jan
Jan
3%
Apr
1%
4%
—
Mar
16
*
Drug Co common
Crown
t
52%
.%
__
Jan
103 Va
.
:—
Alden
Glen
2% Mar
19%
■
5
*
25o
25
•
—10
—5
Crowley Milner k Co,
Cent Petrol
(Md)
Cork International A
Crown
10
__
103%
Co..
Gorham
Crown
190
69
%
58
7%
Mar
88
17%
10%
20%
2,600
70%
Jan
Feb
17
10%
■,
A__100
High
Jan
30
320
1 %
38
Preferred
Gilchrist
$7
(ord reg)__£1
5
dep receipts
pfd
1%
,
*
;
6%
57
105% 105%
1
preferred
Power $6
preferred
$5
Api-
6%
preferred
Rubber
&
Low
61
preferred.
Georgia
15% Mar
37%
--
83
Apr
Tire
A
Range Since January I
High
56
Water Gas & Electric common—1
Gen
Courtaulds Ltd—•
American
convertible
$6
Feb
9%
2,100
13%
12%
1.3 /a
85
1
50
87
9
13
13
--
-
common-
convertible
5%
13%'
Jan
Co
Shares
,
$6
1% Mar
76
100
pfd
100
preferred—*
stock
*
Sales
for Week
Range
of Prices
Low
6%
Jan
Jan
General
preferred
prior
Adv
Service
5%
1,400
Last
Sale Price
16
Par
Mar
41
Jan
Week's
Friday
Exchange
April
High
Continental Gas & Electric Co—
7■%
Curb
Ended
1%
500
1%
York
Week
Range Since January 1
High
Low
39%
New
Shares
of Prices
Par
Consolidated
for Week
East
Sale Price
10
STOCKS
Sales
:
Ended
Week
Exchange
Curb
York
New
Week's
Friday
STOCKS
12
Mar
3% Mar
7%
16%
107
Feb
Apr
Mar
Ken-Rad
118% 118%
100
Lamp A
Products
Petroleum
77o
pfd B
;
•
10
115%
Jan
7%
5
&
preferred D
Kingston
Kirbv
preferred
Inc
Tube
Kings Co Lighting
5%
7%
13
7 %
100
6%
Jan
.12%
13%
1,350
5%
Jan
119% Mar
8 Va
14%
Apr
Apr
100
47
Jan
x48
Mar
10Q
32
Jan
36
Jan
1
2%
3 %
2,400
1%
Jan
1
3%
3%
600
1%
Jan
3 % Mar
4
Mar
THE COMMERCIAL &
Number 4169
Volume
April
Endccl
Week
Week's
Sales
Last
Range
for Week
Exchange
Curb
Emil)
(D
Klein
Corp
Knott
Kobacker
common
Brewing
Kreuger
I
Co
Feb
Jan
Nelson
Feb
Neptune Meter class A
"
1
4 V»
300
5
5
England Tel
100
3074
2774
127-4
12 74
Co.
Clock
1374
374
4 74
474
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane
Bryant 77c
Lane
Wells
100
preferred
V
United Bakeries class A__•
•
B
1
'
c
*"#'■'
■
-
Feb
New
Apr
N
Y
Auction
Jan
474
Apr
N
Y
:
5
Feb
6
Mar
N
Y
&
Feb
101
Feb
N
Y
Jan
Lit
25
Inc 6% preferred.
5'/4 Mar
3
Mar
74 Mar
Steel
Locke
Lone
v'
•:
*
—-
8
Y
N
preferred class A
preferred class B_
17c
6%
"ioo
3274
Founders
Apr
1674
Jan
1774
Jan
1974 Mar
%
Jan
Jan
Land
Louisiana
Lynch
Corp
674
7%
l
Exploration
&
common
1274
674
Iff
Water
6%
Service
97a
Apr
Class
A
Jan
3 8 74
Apr
Nineteen Hundred Corp B
34
Apr
Nipissing
674 Mar
574
2674
Jan
Jan
8
Mar
Jan
10774
Apr
Jan
2674
1874
M
$6
Mangel
$5
1,500
74
100
>'■274
3%
3%
3 74
1
Stores
Consolidated Mfg
Mapes
Co
Marine
International
Marconi
mtinicatlon
—*
♦
Mass
Feb
4%
Jan
Jan
74
Apt
Jan
28
Mar
Jan
4
Jan
2
47 o
1 74
1V»
17
Mead
Johnson
&
•
*
;
—.
Co..
Api-
58
Apr
15,100
6 74
2,000
374
Jan
Jan
6 74
Merritt
.
2%
re
Jan
2
Apr
Jan
714
Apr
274.7/:
',x'
700
14174 145
3
174
1,700
10
130
974
*
—*
8
125
Mar
1074
Jan
Jan
Apr
145
Apr
Mar
23
Mar
Jan
85«
Apr
74 Mar
Jan
Jan
103 74
Feb
Jan
12%
Apr
800
5,900
T
T74
91
10
12
74
Jan
174
Apr
374
374
300
3'4
Jan
4 74
Mar
■%
iV
23,200
a4
Jan
74
Feb
58
6474
825
52 V4
Jan
6474
Apr
B
2574
2574
100
22 74
&
*
!
50
RR
Penn
—
100
preferred
174
Feb
474
Jan
Textile
preferred
Metropolitan Edison $6 preferred
Michigan Bumper Corp....
•
Jan
1
Northern
States
Novadel-Agene
102 74
Mar
7,900
474
Jan
22
1,100
1674
Jan
374
4
6,300
20 74
94
21
10574
20
774
105
.~-
25
674
6 74
*
class A
Power
Corp
2174
20 74
Tube
Sugar Co...
—:
Preferred
Micromatic Hone Corp
Middle States
Class
Middle
Petroleum class A v
v t c
B
West
Corp
2
40
2
31
*
2074
*
Ohio Power 4%% preferred
100
Ohio Public Service 7 7o 1st pfd—.100
95V4
113
11174
Ohio
Edison
6%
1st
B
class
Co
Brass
common
preferred
$6
preferred
Oilstocks
108
2.50
*
.4-
■■
438
Jan
674
Apr
74
/•
Jan
1
Feb
800
734 Mar
774
774
6%
Mar
4%
474
4 74
400
474
Mar
5 Va
Jan
574
4%
574
2,300
x374
Jan
614
Mar
l
10
—1
t c.l
.1
1
1 74
1,800
74
Jan
8
83-i
11,900
74
8%
—5
common.
'
1
1
;
200
174 Mar
47s
Jan
9V4
Apr
.874
J,''/., :/v
Apr
974
Feb
Jan
19 74 Mar
Jan
35 Vt
450
2574
2
-
8%
8 74
700
174
Jan
874
2
~
400
6%
Jan
"274
2,700
5474
Canada
53 54
54
825
174
$3
100
.
274
Jan
4%
Apr
150
1774
Jan
2174
Api-
91
Jan
9574
Apr
320
106
Jan
114 74
10
107
Jan
Apr
11374 Mar
10374
Jan
108
25
—.—;——1
Corp—
Monarch Machine Tool
Molybdenum
Monogram
Pictures
Monroe Loan
Montana
Society
774
1974
19 7
134
Apr
b
574
Jan
7%
8
100
2,800
Jan
1074
Jan
9
Mar
Jan
21
Mar
17
750
20
.V.:
16674
163
21%
50
.
17174
Jan
22%
Jan
217a
Feb
674 Mar
Mar
165
250
21%
Apr
174
Jan
574
V
Apr
274 Mar
Jan
74
2,400
1%
Jan
474
100
8
101
Jan
17a Mar
*
♦
Ward A—
Heat & Power
Montreal Light
107
7'8777
P/4
1
.1
10
Utilities.......
Dakota
Montgomery
*
—
common
A
"774
7:%
1074
7%
Securities
Overseas
Pacific
Co
Can
Mountain
5c
—10
.♦
100
6'.i
*
2%
*
100
Producers.—
Mountain
States
Mountain
Power
common
States Tel & Tel
127c
Muskegon
Mfg Co
Pistoh Ring
Muskogee
Co
Murray Ohio
67c
.
common—
preferred
678
Apr
100
6
474
127«
974
Apr
Mar
Pacific
Service
Public
10
•
Motors
National
Bellas
National
Breweries
Hess
common-
1
2
/
•
Pen
Co
Peninsular
$1.40
Telephone
14% Alar
1074
Jan
69 74 Mar
Candy Co
National City Lines common
_
16
•
■
—
50
preferred
(Del)
National Fuel Gas
National
Mfg & Stores common
Jan
19%
Apr
Feb
48 74
Mar
19
900
1574
48
50
44%
10%
1074
10%
11
1,600
9
Jan
11
6,600
8%
Jan
12
Apr
27s Mar
3
Mar
74
—
97
97
—
—
Penn
10%
1,300
*
common..
Penn
Power
$6
__
*
National
Steel
National
Sugar Refining
Tea 574% preferred...
Machinery
974
National
*
Ltd.
.
&
National
Union
For
*
Mines
30c
Radio
footnotes
see
page
'
.
Salt
Penn
Sugar Prop
common
Power Co
Water &
Mfg
Pepperell
Perfect
Circle
1445.
"
40
40
Feb
9%
Jan
19 74
Mar
7
Jan
8 74
Apr
Jan
1374
Apr
2 74
274
274
300
3
238
3
3,900
Mar
274 Mar
3
4
Jan
,
Jan
33 V«
28 74
Jan
30%
240
102 74
Jan
30
■
Jan
73
Jan
Apr
107
Mar
88
Mar
374
/
474
Apr
1774
Apr
7274
—
Jan
Feb
Jan
7974
Feb
Apr
37i
28,200
5 74
1674
35
2,100
31
3174
574
674 Mar
Jan
14
10
22
Jan
Mar
150
22
Jan
1674 Mar
974
Jan
35
Mar
2874
Jan
32 V4
Mar
32
Feb
3 2 74
Apr
28
50
4%
474
Apr
15,700
374
Jan
974
Jan
4% Mar
1274
Apr
11
1274
50
44
Jan
GO
Apr
50
2774
Jan
3574
—
5874 59
34 74, 3474
iij
1
Apr
800
74
Jan
174
*
•
94
743.i
10
75
Jan
76
250
9174 94
87 74 8774
163
16474
—
Jan
Jan
150
56 74
125
517a
500
112 74 11274
5674
11274
54 74
■—
8874
674
,
2174
Feb
7« Mar
58 74 Mar
113
Apr
Jan
31
Mar
4
Jan
5
3,600
6 74
87a
574
Jan
Apr
170
Jan
104
—
Mar
94
74 Mar
Pharis Tire & Rubber—1
Apr
,
♦
♦
Philadelphia Co common
Power 5%
Packing
Phillips
pfd
Co
Securities
—25
—
Governor
Pierce
Gold
Pioneer
674 Mar
Jan
874
Apr
Feb
33 74
Apr
L
&
Bess
E
3 3 74
33
574
__
.
100
5%
100
4 74
Jan
14,700
874
Jan
1874 Mar
2.450
42%
Jan
52
Apr
1,700
874
Apr
16
1 8 74
52
1174
5074
52
974
12 74
1
Meter..
18 74
•
Ltd
Postage
Pitney-Bowes
3 3 74
174
174
174
50
674
7 74
55 74
__
2 Va
Jan
38
Jan
39 74
4774
Jan
58%
Jan
14
97
680
563<4
Apr
12 74
Jan
1,300
77a
Jan
l'a
6
4,_
...
__
:
6,600
1074
77'e
*
50
RR
700
3174
1
common
Mines
*..
7%
,v._
10
common
$3 preferred series A
Conv
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Inc
Mining
Potrero
Sugar
Powdrell
Power
Co
.
common
Alexander
Premier
Lambert
Gold
Co
—
44
.
3 74
Apr
7% Mar
Jan
Apr
if!
8%
5
1
*
Mining
9374
3%
•
Prentice-Hall
Pressed
Inc
Metals
Producers
Corp
common
of America
of Nevada
Providence
Gas—
2%
Feb
3
Apr
$5
—
of Colorado—
preferred
Jan
2 74
Jan
preferred
Sound Pulp & Timber
Pyle-National Co common—.
Pyrene Manufacturing.....
Apr
374 Mar
Apr
674
Jan
14
12 74
/
Mar
1274 Mar
6
174
9
19.400
V,.
Jan
3.800
37t
Feb
9
6-4
'i!
774
174
900
43a
Jan
574
Jan
•
,
—
--
-~
--
24
25
.—
Apr
' Apr
674
Apr
574
Jan
—-
300
'8
<8
.
—
6 74
6 74
--
'
—
--
8
'
H
Jan
19
74
3,800
334
Jan
IS
a
7.74
100
Mar
Apr
Feb
Jan
34
77a Mar
ill
A; Jan
600
Apr
26
Jan
Jan
34
100
t«
--
5
Mar
Jan
834 Mar
104
100
100
...
*
*
*
5
10
HI
54
Apr
10674
Jan
109
—
Apr
114
Jail
—
& Light—
prior preferred
$6
84 34
Service
Puget Sound Power
Puget
1
—1
'
700
900
9434
374
■>%>-•'
25c
5
*
—*
.
Mar \
8 74
10
common
Corp of Canada
&
Pratt
&
10
25
1
7.50
common
Scale
1st preferred
Feb
■
900
11
Jan
31
100
1,900
14 74
35
1
*
1st
11
8
Apr
8,900
100
;
Co..
Co
7%
75
17
-
674
1274
50
20
Co
Mfg
6%
200
8
Jan
—
*
com
preferred.
Penn
Penn
Feb
Jan
13 74
16%
3%
22
474
1
Light $7 preferred
6
Jan
674
1374
10
12.50
&
■■
;■ •
16 74
__
Tunnel
'
■
_
National Transit
National
1
:
'
Car
class A
& Elec
Gas
Public
•
...
Rubber
Apr
100
1574
5 74
574
16'4
35
3174
1
Airlines common—
Cent
1074 Mar
3%
♦
preferred stamped
National
6
8%
86
—
—
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred—
*
Apr
Jan
''
$6
National Refining
Jan
—
.25
Pennroad Corp common—.—
9974
8774
575
Feb
374
6 74
-
♦
common
Prosperity Co class B
9874
Ma r
8
100
11% Mar
1074
•
National Pwr & Light $6 pfd unstpd..*
Mar
18
45.,-
1
•
Container
—
48
1974
-A
'
convertible
18
Mar
18
'
*
$3
National
Apr
17 Mar
Jan
—
•
115
Feb
Apr
13
Jan
10
•'
'
*
National
•
50% Mai-
Feb
7%
—
—
.1
A
preferred
86
—
.
10
—
Pittsburgh & Lake Erie.,
Jan
Jan
57
1,100
16
;•
common
■■
Jan
110
Apr
10% Apr
197 s Mar
100
1
Corp
Parkersburg Rig & Reel—.
Patchogue Plymouth Mills
Polaris
'
.
48
110
3274
307b 307a
105
1057s
—
Panteptc Oil of Venezuela Am shs„
Paramount
Pneumatic
:
200
32
105
•
*
Page-Hersey Tubes common..
Plough
*
Jan
—
—
*
;
preferred
1st
$1.30
—
32 74
25
5747o
1st preferred
.25
Pacific Lighting $5 preferred
•
Pacific Power & Light 7% pfd—:—100
Pitts
N
Nachman-Springfilled
—•
——
1st pfd
6%
1234 Mar
4 74
1,400
>
.68
Jan
Mar
1674
120
12%
350
13%
874
68
Jan
9
900
1274
Jan
Mar
674
Jan
13 74
112%
:
1174
"274
Jan
1,700
1674
V"i%
5,800
1574
common
Gas & Elec
Phoenix
"274
2
2 '/4
Mountain City Copper common
--
Jan
Apr
3074
Jan
20%
75
3074
28
*
partic pfd
Mtge Bank of Col Am shs
5
874
100
19 74 1974
49
50
112 Va 11374
174
774
5
5
6 74
6 74
•
—
50
113 74
774.
—1
1
1
.
Omar Inc
Phila Electric
Moody Investors
15
—50
—*
prior preferred
Oliver United Filters B
conv
34
1674
1
—
—
.
10034
•
2.50
Voehringer common
Jud
Apr
5974 Mar
Jan
77;''fk,';'
Mock
Feb
230
9574
112 74 113
111 Va 11174
108
108
__
5
common
preferred
$5 Va
Penn
100
Mississippi River Power 6% pfd
Missouri Public Service common
2%
Jan
50
Mar
Mar
19
Jan
174
2
Apr
27'b Mar
874
Jan
14
■
*
Mining & Mfg
_*
Pwr & Light 7% pfd—..100
Minnesota
15%
32
3074
31
*
50
Midwest Oil Co
10
Midwest Piping & Supply———*
Mid-West Refineries——.—
—1
Minnesota
150
.
common—
Mining Corp of
19 74
1874
dividend shares—....—•
Abrasive
Mid-West
Apr
Apr
% Mar
Jan
1,000
:
Ltd
Oklahoma Natural Gas common
Parker
Mldvale Co
Mar
774
22
Va Mar
Apr
17b Mar
Midland Steel Products—
$2 non-cum
106
Mar
Jan
108
100
108
$2 conv preferred..*
Midland Oil Corp
Apr
O
4
4
Ogden Corp common.,
Pacific
Michigan Steel
Feb
97
Feb
174
28
2
108
25c
15
•
.1
Corp..—
Participating
Michigan
Apr
—.
pfd.100
Public Service 674
Nor Indiana
7%
Co..
Mar
Feb
800
1
North
Mar
63
4
—
Mar
27
Feb
82
50
American
27
Jan
74
Y_^
*
,
Jan
23 74
5174
•
Rayon class A
common
prior preferred
64
Feb
108
Jan'
98 V»
4,500
1V4
1
1 >4
1
—
25
106
106
—100
.
Messabi Iron Co
Meial
3
Jan
...
preferred
A
Jan
5
1,300
8
774
:
Feb
Apr
Jan
2
100
274
.
374
30
21
38
Warrants
6Va %
274
•
Scott—
&
100
•
7%
Jan
238
5U0
19
30
*
preferred.——
3
30
£
% 3
Manufacturers class A..1
Chapman
Apr
874
98
1174
■
Participating
74 Mar
Jan
3Vt
57-8 Mar
5,700
lVa
.
2%
Memphis Natural Gas common...—_b
Mercantile Stores common
*
Merchants &
Feb
-AT
1/128 Jan
1/64
1
.*
.5
Ohio
Masscy Harris common..
McCord Radiator & Mfg B
Dredging
72 74
Jan
98
Apr
11
1,100
47/g
5
200
5
—•
*
1
Utilities Association v t c
'
17
16
*
Steam Shovel..
Mr Williams
Jan
42
Mar
26
Ltd—
Co
54
30
Com-
Margay Oil Corp
Marion
l'/a Mar
Jan
57
preferred.,
(The B) Co.
1,400
58
1174
Utility Securities
Northern Central Texas Oil
convertible
Manlschewitz
Jan
72 74
"5%
& Power common..1
preferred
North
1
Mar
274
Apr
103
6 7c
IB
Api-
55
Jan
1/128
1
.
North American
optional warrants
107 Va
Jan
174
98
1
5
Mines
North Amer Light
Class
Manati Sugar
Jan
3674
69
—
*
,
Electric
Noma
10274
48
2 74
74
preferred..
Jan
274
80
120
44,600
107
46
1/128
Niles-Bement-Pond
20
2174 Mar
57
5
100
Niagara Share class B common
2174
10
2574
1574 Mar
Jan
102
274
106
274
7074
.100
100
preferred
Class A optional warrants
Class B optional warrants
Feb
150
26 Va
5
—«
Apr
;
10
2d
1
5,400
774
174
5%
1874
107
48
100
pfd
Jan
7
10774 10774
pfd...
Louisiana Power & Light $6
550
6,900
11,900
;
Apr
1074 Mar
700
100
1,300
Apr
24
2074
200
1.550
Jan
18
10 "A Mar
1
shares.
l'/a
3,425
574 Mar
Apr
1974
674
Jan
103 74
10Vt Mar
34
200
2174
374
111
Jan
3874
Feb
Feb
Feb
774
6
Apr
31
274
'
.
Jan
300
3074
Jan
28
.
37s
95 74
974
2674
y
Jan
50
Niagara Hudson Power common
5"!o
1st preferred
•
174
90
Feb
3874
100
_
2,900
103 74
30
Packing
Loudon
274
10974 111
Jan
1
174
102
2474
9 74
Apr
6874 Mar
109 34
100
1574
Apr
1734
Jan
—-
Y
}ii
774
Jan
-
Y State Electric & Gas $5.10 pfd.100
874
Jan
preferred—100
•
Light 7%
preferred
Y Shipbuilding Corp—
Feb
14
Power &
$6
N
N
1
4%
13'4
5774
—
N
974
Corp
400
1,100
10
Merchandise
Feb
1474
5
Chain
Star Gas
Long Island Lighting common
Apr
1,000
2074
Apr
;
Feb
102
674
10
Rosario
Honduras
74
*
Brothers common
Jan
Apr
274
...
Lipton (Thos J)
117t
1774
:
874
9
42%
Jan
6474
*
Jan
28
,
Jan
87y3
120
102
6 74
——..
common
19%
/'
Apr
2554
3,175
974 Mar
Feb
Co
Jan
974
Material Co
Line
4274
16-74
2-%
1
Feo
28
4
6274
%
6
174
(R G) Inc.-
1
474 Mar
Jan
1774
Vif
tu
Jan
1
25
64
474
74
9
174
100
2,100
8
774
74
774 Mar
100
4
974
13,000
774
.
100
374
3774
41
12%
•
—25
Mar
9
City Omnibus warrants
100
.
preferred
Lehigh Coal & Navigation
Leonard Oil Development
Le Tourncau
3174
__
-
Mar
4
25
Land
Arizona
1474
274
■
''
74
■
Process Co common..
&
Jan
674
400
\
■
:
:
-
74
1
Lefcourt Realty common
Convertible
'
^
■
Mexico
Jan
100
Zflry
974
...1
Co common—
Langendorf
Class
A;:-
'/;/
-A
7
.
5
Apr
9
*
3 74
4,600
.
.
-
Feb
Jan
--
*
1
2
7,700'
110
374
—
Inc.common..
Jersey Zinc
874
20%:
560
•3074
1
(N J).
Feb
.
100
New
RR
High
2074
Jan
10474
374
—
•
100
*
& Tel
Haven
New
New
Shore Mines Ltd
Low
1274
10
109
Feb
New Idea
Lake
Range Since January I
1,900
20lA
109
*
preferred
preferred
$2
Jan
5'/a
Jan
class A
England Power Associates
6%
13
1214 Mar
100
13
Corp
(Herman)
Nestle Le Mur Co
Shares
High
17V4
2074
100
—*
5
*
1st pfd
Apr
%
10
100 74 Mar
New
Lackawanna
Low
*
preferred
Power 7%
Nehi Corp
New
10
Co
Oil
Navarro
100
special preferred
(S H)
Kress
Apr
7
Jan
10
92
220
97
96
96
100
Kresge Dept Stores—
4% convertible 1st preferred
Apr
10
Apr
4%
200
7%
7%
7%
•
preferred
of Prices
Par
Nebraska
9'/a
1
_
Inc
Stores
Koppers Co 6%
Jan
Sales
for Week
Range
Last
Sale Price
16
,
*
10
common
Rubber Co
(I B)
Kleinert
Co
ii
April
High
74
1
Low
High
Low
Par
Kirkland Lake G M Co Ltd
Range Since January 1
Shares
of Prices
Sale Price
JO
Ended
Week
Exchange
Curb
York
New
Week's
Friday
STOCKS
Friday
STOCKS
York
New
1443
FINANCIAL CHRONICLE
109
111/2
53
55/8
1174 1174
1,525
10174 Jan
11274 Mar
—
3.900
45 74
Jan
55%
Apr
7V»
Jan
133a
Apr
874
Jan
1074 Mar
7 74
1174
Feb
200
.
874
Apr
,.?<
AAA-AAA^
THE COMMERCIAL & FINANCIAL CHRONICLE
1444
EXCHANGE.?ffi&A'^
YORK CURB
Curb
April
Ended
Week
Exchange
10
'
■
Low
Par
York
New
for Week
Range
Week
Range Since January 1
Shares
of Prices
6%
preferred
Quebec
Power
—.
Co—
_
20
70
Jan
92
Mar
30
146
Feb
156
Feb
88%
88 %
150 % 152
(S>
Electric & Engineering
Reliance
Republic Aviation—
—1
Manufacturing Co—
1
Stix Dry Goods.
*
Richmond
Radiator
——1
Rio Grande Valley Gas Co v t c
1
Rheem
Pendleton Inc
&
Cable
Rome
Corp common
Field Inc
Roosevelt
—
Petroleum Co
Root
100
—•
—5
.—-5
1
20
6% pfd D
Rochester Gas & Elec
—
convertible preferred—
Typewriter
Royalite Oil Co Ltd—
$1,20
*
*
Royal
Russeks Fifth
2%
Ave—
1
•
—1
Aeronautical Co
Ryan Consolidated Petroleum
Ryerson & Haynes common
Ryan
Jan
%
1%
Jan
7%
Jan
12
400
18
16%
T-i CO
/V
—
Apr
% Mar
50
'•
Jan
19
Mar
Mar
13%
—1
51
Mar
2,500
2%
Jan
tt
12
2,200
%
Jan
23'/a
23%
200
21%
Jan
25% Mar
500
A
Jan
■A Mar
3%
X
A a
XX
A
%
10%
50
13%
13%
~4%
3%
4%
8,200
11%
10%
11%
800
8%
8%
9%
600
2%
1%
2%
A
A
A
—
99
99
3
Finch Oil
Taggart Corp common
Co
A $2
Class
St
Regis
Tilo
Oil
Dome
Stocks
Corp
common
Mills
Sanford
Savoy
Oil
Schiff
Co
Schulte
Co
—
common
A)
(D
Tobacco
Exports—
Product
Jan
Apr
17
10
Mar
Tonopah
4
Mar
Trans Lux Corp
4%
"4%
Transwestern Oil
17% Mar
Apr
Trunz
Apr
Tubize
Chatillon
6
Mar
Jan
Jan
5% Mar
Jan
6% Mar
Jan
~4%
3,100
5%
5%
5%
2,400
3%
1%
1%
1%
900
A
••:,/
13%
Seeman
Inc..
Bros
*
•
1
stock
%
1%
Jan
:%
27%
Jan
12%
.
Jan
14
Jan
Feb
Mar
1%
Apr
150
22%
Jan
35
700
25%
Jan
29% Mar
stock
25
25
Apr
52%
7%
Jan
12
Apr
1
1,700
1%
1%
300
Jan
2%
Apr
Feb
32%
Apr
29%
32
%
18
6*/4
—i
%
8%
1,100
64%
300
5a
%
Jan
IS Apr
9
Apr
64%
Apr
63 %
Apr
%
Jan
A
Mar
'
:
Jan
52%
—
16
Jan
3
51%
Feb
7% Mar
Jan
Mar
500
7%
60%
8
.64%
certificates
2,100
$
1%
Jan
4%
13 Vs
7%
A A-
•"
'.v'w
4%
3%
Jan
5%
Feb
550
17 %
Jan
22%
Apr
5%
700
1
700
3%
4%
9%
Seton Leather common
Feb
Jan
Shattuck
Denn
m
•
100
114
Canada
Co
114
120
13
i
Jan
16%
Apr
Jan
92%
Apr
112%
A.
*
common
Feb
12%
convertible
10% Mar
100
13%
Mar
v|^
„
y\"h
'J:/"£
62 Va
Soss
Manufacturing common...
South Coast Corp common
South
Southwest
400
3Va Mar
'
—-i'
3%
3%
Jan
96
AA'v
'
2%
2%
2,600
Apr
5
Mar
.
,
101% Mar
4% Mar
Jan
2%
2%
100
2
Jan
2% Mar
3%
3%
3%
2,500
2%
Jan
3% Mar
4%
4'A
4 %
900
1%
Jan .i;
4%
A:
3%
3%
44
300
45
2%
37%
3%
Feb
400
3%
Jan
46
Apr
Apr
Apr
28% Mar
Colorado
Southern
Jan
42%
Jan
31%
Feb
29%
Apr
Feb
30%
30%
50
41%
41%
100
25
.25
31%
31
31%
300
29%
29%
29%
1,200
Power
class
%
Jan
A__.25
preferred
—100
New England Telephone—100
"
—
A
1
Feb
115*
Mar
.
■■
Southern
Phosphate
Southern
Pipe
Southland
Co
1
•
& Bros—
& General Corp—
dep rets ord bearer
Spanish
American
—
Shoe
Corp
Standard Cap & Seal common
Convertible
preferred
Standard Dredging Corp common
convertible preferred
Oil
Standard
Standard Oil
Standard
(Ky)
(Ohio)—5%
pfd
•
*
2.78
1
10
1
.20
10
Preferred
Standard
5
20
102
100
A
2%
2%
1,000
1%
Jan
9%
2,600
6%
Jan
2%
9%
8%
■:
u
iir
■f8%
11,600
Jan
65
Mar
Mar
105
Mar
Mar
2,600
6%
,
Apr
Jan
107
%
8 Vs
56%
110
Mar
Jan
1
A
Feb
3% Mar
10
Mar
32
Jan
4%
Jan
8%
3%
Apr
Jan
56%
Apr
900
8%
9%
39
550
3%
400
59
'XX'X:'
% Mar
.
1%
Jan
4 % Mar
6%
Jan
9Ve
2
■.
2%
Jan
2% Mar
2%
4
6
6
6%
9%
9%
9%
*
Canada.
common
Apr
Products.
1
Aircraft
Chemicals
•
common
pfd
Stores
•
10c
& participating
cum
United
Cigar-Whelan
United
Corp
warrants
United Elastic
1%
Jan
3
Feb
4%
5
?
Jan
6% Mar
2% Mar
Mar
*
United
$3
2%
2%
Corp——————•
6%
10% Mar
Jan
12
Jan
15
57%
Jan
57%
Jan
1%
Apr
%
Feb
__
1%
61.700
%
1%
%
14
7,200
14
."Jan^
.
Apr
A' <?an
100
10
•14% Mar
Jan
'
United Gas Corp common
1st
1
•
.
preferred non-voting.—
$7
warrants.———————.
United l ight & Power common A
•
Option
class
Common
B
...
preferred
1st
$6
..*•
.
-•
—
$3
preferred
participating
1%
1%
1%
22,400
%
700
121,
119
120%
115
Jan
Mar
2
%,:•
Jan
Mar
122
■
%
Jan
2,700
Va
Jan
400
Va
Jan
11,600
21%
Jan
44
Apr
Feb
36
Mar
Feb
89%
A
A
■
—
|
42
39
41
A
80
%
2,100
29%
.
A
%
%■
—
•
United Milk Products.—
•
% Mar
'
% Mar
A Mar
Apr
United Molasses Co Ltd—
dep rets ord
Amer
regis
3Va Mar
3% Mar
—
'•
100
Canal Co
J RR &
United N
-'.A'A '.
■
250
s-jisi-
Feb
A 250
Feb
'
Profit
—25c
10
United Shoe Machinery common
25
Preferred
25
United
Sharing
United
■
67%
46
4'A
Jan
69'/a
Jan
46% Mar
sva Apr
XX 5
Mar
with warrants
•
Lines Inc preferred
10
Plywood $1.50 conv preferred—20
70
9%
1
2%
Jan
2%
Jan
7%
Jan
700
8
$5
4
1,900
4%
8
U
S
U S
U
S
Radiator common
S
Rubber Reclaiming——.—*
li
%
•
1st preferred
X
9%
9
71%
v.
Feb
Jan
Apr
9% Mar
Jan
30
Apr
1% Jan
3%
Apr
1%
2%
Feb
2,400
2%
2'/a
—
8%
Apr
1% Mar
Jan
Jan
28
150
3
2%
60
800
29%
29%
■
%
500
600
70
69 %
Feb
43
100
1
5
class B_——
Feb
63
A 5V's--;
5%
Specialties common.—
4
■
110
;;
S
Co
Feb
%
Jan
1,425
69%
45%
68
45%
S
Graphite common
U S and International Securities
A
,
U
Foil
:
2 %
:::v
--
_.
preferred
10%
50c
Wall
Paper
A
300
A
—2
United Stores common
2%
Jan
V
5,900
'
Class
16%
Universal
Insurance
Pictures
1
Universal
Products Co
17%
Utah-Idaho
Equities
Utility
$5.50
10c
1
Products
common—...
stock—
priority
3%
63%
2%
18%
Jan
18
Apr
Jan
66
Mar
14%
Jan
3,200
2 Vs
M 45%
Feb
300
1%
1%
19
Jan
275
3%
":■
■■
27/a
Apr
Mar
3%
Apr
Jan
1%
Jan
%
49
150
Mar
57
68%
Apr
Apr
Jan
2
200
65
Apr
15
150
55
Apr
1% Mar
Feb
2%
54 %
1
preferred
5%
Feb
Feb
Jan
18%
18%
Feb
Apr
u
43%
;
\'.y -r-
—
5
•
Sugar
Radio
■
*
Utah Power & Light $7
Utah
,a,
•
A
1
i
v
common
11
9%
3,800
—>V
8
Universal
3
Feb
4%
100
1%.
1%
1
voting trust ctfs
Universal Corp
y&fc)
•
*
B
Jan
Jan
11
•
Cooler class A
Universal
A
1%
6.900
2%
10
Consolidated Oil
Universal
Valspar Corp common
$4
Petroleum
1%
Jan
2%
iV
23
Jan
%
Vs
Jan
A Ai)r
2%
Jan
4 Va
Feb
%
'
Jan
2
Apr
200
%
Jan
4%
12%
Jan
16%
1%
1,900
15%
16%
150
2%
"{'■
2%
700
A
15%
111
""%
16
Jan
:
35%
33
34
A
i.
Standard
Tube
class
Starrett
(Thei
Steel Co
&
Bond
class A
Class B
Walker
Wayne
*
Sterchi Bros Stores
6%
1st
5%
2d
preferred
preferred.
1
Wentworth Manufacturing
—1.25
West Texas Utility $6 preferred
•
West
footnotes
see
page
1445.
'•
Coke
&
112% Mar
Western
Air Lines
Western
Grocer
33
Jan
% Mar
Jan
A
200
A
A
Jan
500
6%
Jan
Inc
3%
.
Apr
.
Apr
Apr
Apr
Mar
I
A
Jan
%
Feb
Jan
13%
Apr
400
2%
Jan
4
50
•
98%
Mar
Jan
104%
Apr
8,700
5
4%
4
Jan
5
Apr
2,400
5%
Jan
8% Mar
67/s
7%
9
9
240
9
Apr
9
82
83
40
67
Jan
88
Apr
Mar
1
.
.
9%
11%
104% .iK
104
5
%
200
3%
104
Feb
.
Apr
% Mar
16%
5
88
7%
A:
...
Coal
Va
Jan
43
Apr
9 % Mar
A Feb
1,300
aa
Mar
Jan
35%
Apr
22%
5,300
Jan
A Jan
1,100
4
~9
200
Jan
Co
2
1
20
...
Av'-
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
*
14%
Jan
18
Westmoreland
Coal
20
22%
Feb
25
Westmoreland
Inc
10
13
Mar
Wichita
Mar
Williams
Mar
Williams
River
(R
Mfg
Oil
C)
'
'
10
Co
*
Feb
6
:
—
13%
Apr
Jan
7%
Apr
5%
Jan
6%
Feb
7% Mar
100
6
6
--
Feb
5%
1
Corp
&
lT
Willson
Oil-O-Matic
Products
Heating
4% Feb
x38% Mar
Wisconsin
Power
Jan
8% Mar
Wolverine
Portland
&
8%
Jan
Light 1%
tfr'l
V:'".'
100
'.vi
~8%;
8%
~2%
100
8 V2
400
6%
Jan
9 %
Apr
Woodley
2%
2%
600
1%
Jan
2%
Feb
Woolworth
7%
Jan
Jan
11%
Apr
Feb
4%
Mar
—
pfd—100
1%
5 Va
1%
100
U
Jan
1% Mar
5%
5%
150
2%
Jan
6
Mar
Wright
Cement
Petroleum
American
(F W)
10
__
1
—
4
v.
Jan
6%
Apr
6%
Jan
8%
Apr
2
Jan.
4
Apr
Ltd—
deposit
Hargreaves
4% Mar
1%
9
3%
1
4
—
4
•
Inc
Jan
Feb
2%
1,300
35
\
•
common
%
1
8
Apr
1,750
9
5% Mar
Feb
'
'
1%
—.1
;
Co
-
Feb
—
20
Inc
B)
10%
3%
.
.Jan
5%
86%
—-h
AA
•
5
1
Apr
16
50
Sterling Aluminum Products
Sterling Brewers Inc
(J
10%
~~%
—
& Co common
(A)
""%
...
1
"'A
8%
*
Mining Co
Knitting Mills
16
1%
Va
Corp voting trust ctfs—1
•.
•
Jan
■■'
1
B
1
of Canada
Feb
Feb
9
Jan
3%
100
A-W-'v-/ A
-
Apr
2% Mar
950
8%;
Va
Waitt
4%
4%
•
.
Apr
3
■
43
8%
%
Apr
Co
16
7,500
A
40
A Apr
Aircraft
Wagner Baking voting trust ctfs ext..*
7%
preferred
100
Jan
110
350
111%
%
Apr
12%
1,300
A—A
-
5%
60%
7%
•
13
■
16
Jan
2%
'
16%
44
Feb
28
Apr
AAAA:-;
4%
4%
60
Jan
Jan
4%
3,000
57%
Apr
~2
1%
4%
100
pfd
Apr
A'A'AV- A.—
4%
L
1
Virginia Public Service 7%
Mar
30
5
Apr
8%
1 % Mar
1%
l
preferred—
convertible
Weyenberg Shoe
Vv. Por
2%
Feb
9
Jan
3,000
—''A'rA
1
Spring
5%
Jan
6%
GO
'■J"
1
Standard. Silver Lead
Steel
2%
~~3/B
•
Sterling
9%
%
..
3%
United
Waco
1
Co
Jan
7%
25
24%
•
Products
5%
%
Common class B__.
Standard
8%
2%
'•'r
25
100
400
9
7%
2,800
2,600
5%
8%
100
Power & Light
Mar
115
10
5%
8%
""%
Stahl-Meyer
Inc..
Standard Brewing Co
Stetson
Jan
Feb
53
2%
—
Vogt Manufacturing.——
:
5%
115
!
dep rets ord regis
Spencer
115
...
10
10
5
Co
Line
Royalty
Spalding (AG)
1st preferred
Stem
6%
1%
'■r;
200
3%
Venezuelan
—
$1.60
4% Apr
Apr
29%
28%
30%
41%
Southern
Amer
Feb
30% Mar
40
10
preferred
61o preferred B
5%% preferred series C
original
1c!c
4
—25
Pipe Line..
Edison—
Pa
4
Mar
241
175% Jan
*1''A ''
Mar
5% Feb
California
Southern
5%
40
■'
—
2%
Jan
233
25
Oil
Penn
1
9uU
231
1
1
1
Corp
Sonotone
2%
2%
Apr
50
104'%
104
x
63%
,2—1
of
Gas
United
preferred
Simplicity Pattern common.—
1
Singer Manufacturing Co
100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas & Elec 1%
pfd—.100
Solar Aircraft Co.
1
Solar Manufacturing Co.
1
1
Jan
Jan
Simmons-Boardman Publications—
$3
Jan
2%
200
Corp
——100
Manufacturing Co——10
Union Investment
U
116
Apr
Jan
12%
13
Apr
14
1,700
•
r4
Jan
Apr
83
A
91
i 112%
2%
1,500
w-v'j.".-
•
88
89
Mar
6%
Jan
5
'•!,
3%
3*8
.
•
25
Sherwin-Williams of
Silex
3%
—
—
common
pfd series AAA
cum
4
3% Mar
'■
.u—
_5
Mining
Shawinigan Water & Power
Sherwin-Williams
5 %
__
•
;
Jan
%
^ KiT-VV
;V
U
1
-1
Safety Control
Serrick Corp class B
Sentry
4%
2,000
'—
Realization
Ulen
Unexcelled
Jan
'
11%
Mar
17% Jan
260
47
Apr
45%
—
5
$5.50
Allotment
Jan
9,100
45%
Apr
1,000
22%:
5%
55
Apr
1
32
Convertible
prior
Apr
1%
28%
11
Selby Shoe Co
...
Selected Industries Inc common
Apr
6%
31
—1
Segal Lock & Hardware
Seiberling Rubber common
134%
%
1
——*
Securities Corp General
Jan
Jan
30%
•
common
Feb
28
...
Co
~3%
Jan
—V
100
13%
107
Mar
*
Corp
Tung-Sol Lamp Works—————^-1
80c convertible preferred
...•
Union
24%
9,200
—
_.—25
.25
Scranton Electric $6 preferred
..._•
Scranton
Lace common
•
Scranton Spring Brook Water Service—
$6 preferred
*
Steel
Jan
Apr
2%
115
100
6
—v
Manufacturing.
Scullin
1%
A
1
common
1%
8,200
130
Mar
5%
Apr
Mar
.
i
1%. Apr
5%
11
'
'
128
24
Jan
1% Mar
~4%
2%
Jan
6%
102
%
Inc
22
3%
2%
10
Co
Trl-Continental
60%
Feb
3%
—
4 %
17%
43"
warrants
Jan
Feb
19
16
25
>/>''.,
Apr
49%
100
350
22
7%
Jan
57%
59
Edison 6% preferred
preferred
Mining of Nevada
Toledo
Apr
*
100
100
1
1
Shipyards Corp
7%
58%
3% Mar
100
%
<%:,'% Feb
Jan
1,400
Tobacco Security
Todd
,'.2%
Mar
10,400
9%
372
■'A, 2%
Apr
9
Xi
a:
22
1
*
2,000
200
Mar
14
10%;
4%
Trust Co Ltd—
dep rets ord regis
700
preferred
Convertible
Scovill
4
■
*
Allied
dep recs def reg———*
3
49
A
*
5%
1
•
Construction.
Realty &
Amer
4%
1
1
*
—5
*
Co
United
Samson
3%
21%
Roofing Inc
Tishman
Apr
Jan
3% Mar
Jan
8% Mar
/-
Apr
Feb
&
Jan
V2 Mar
12% Mar
9%
XX'X1;':.
5%
Amer
2%
—5
.—-.100
common.—
preferred.:
7 %
Salt
Paper
pfd.
Apr
50
pref
conv
43
—
common
2%
3%
£•■ 22 A
Light 1%
& Land Co..
Oil
Shovel
Jan
3%
22
&
Power
Texon
1%
Jan
17
Texas
Thew
6.400
13
Jan
7,600
50
22
Feb
•
Corp Ltd
3%
50
9%
Apr
91%
11% Mar
14
3%
—
9%
20
Jan
47
—
common
11%
600
19% Mar
--
■
3 %
Tampa Electric Co common—
Udylite Corp—
Lawrence
15
Jan
10
Jan
l7/s
2,300
14
Corp
4% Mar
Jan
18%
47
50
preferred
convertible
Tobacco
13%
Jan
Jan
7%
18
—
3%
Oil
Sunray
16
f.
—
7
■i\.
■
St
17%
9% Mar
99,
9%
10
9% Mar
%
Jan
12%
•
V •
Apr
~8%
8
.8%
High
%
13%
■—
i
J
Rice
Roeser
Co
—
Technicolor Inc
23%
50c
5
Oil Corp
32
1,450
12
9%
V
Roller Bit Co———
Reed
Reiter Foster
1
27,700
1%
1%
1%
11%
10
Railway & Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common——*
$3 convertible preferred
——*
Raytheon Manufacturing common..50c
Red Bank Oil Co
1
common
Low
v'
■
■
5% %
& Light Securities
Voting
Range Since January 1
''
—»
Superior Port Cement class B com
Radio-Keith-Orpheum option warrants-
Shares
High
Corp.
Sullivan Machinery
Sun Ray Drug Co..
Swan
Railway
for Week
of Prices
Sale Price
16
Low
(Hugo)
Stroock
*
100
...—*
Sales
Range
Last
Exchange
April
High
Stinnes
Quaker Oats common
Curb
Ended
Week's
Friday
STOCKS
Sales
Week's
Friday
Last
Sale Price
STOCKS
York
New
Monday, April 19, 1943
receipts
Ltd
8%
Bs
*
3%
8%,
3%
3%
300
8,500
A
****
THE COMMERCIAL &
Number 4169
157
Volume
EXCHANGE
Low
American Gas & Electric
Appalachian Elec Pow 3 Vis
Appalachian Pow deb 6s
1970
2024
Pr & Lt
1956
1953
A-0
J-J
f debs
s
f
deos
& Lt deb 6s
Amer
Pow
Amer
Writing
Arkansas
Associated
6s
Paper
5s
4'As
Elec
SAssociated Gas & Elec
High
104%
105
107%
1
107 'A
109'A
Nor
184
101'A
>
11
91'A
106%
.1948
7'"
M-S 7.
:
Westchester Ltg 4s
&
Cont'l
126'A
107%
Ogden
109
Ohio
46%
65'A
1st
1962
Service
16
14%
22%
Oklahoma Nat Gas 3%s B
13%
22%
Oklahoma Power & Water 5s
19%
22%
19
22%
250
13%
19
22%
262
12%
22%
20
22%
84
14
22'A
Light 5s
Park Lexington 1st mtge 3s
80%
81%
15
72%
83
Penn
107% 107%
1
107%
107% 107'A
1
•7 21%
A-0
■"
22%
6s
1952
deb
5s
5s
5'As
Pr 7s
Lt &
A
El Lt & Pr (Bait)—
3'As series N
1st ref mtge 3s ser P
Consolidated
Gas
1961
1966
1954
1969
1953
1978
Power
Gatineau
General
Georgia Power &
Light 5s
1965
Coal 4s
Alden
Glen
A
3%s
5s
Serv
Pub
§AGobel (Adolf) 4%s ser
Grand Trunk West 4s
Great Nor Power 5s stpd
Green Mountain Pow 3%
1941
A
1950
1950
1963
1945
Store Products
Guantanamo & West 6s
SAGuardian Investors 5s
Grocery
Houston
6s
111
—1966
Jan 1949
A
J&n 1949
A
Lt 1st 6s ser
1st & ref 5'%s series B
1st
&
1967
1953
1954
3%s-
Power
Pwr &
S f
1948
B—
series
Idaho
19o8
3'As
Lt & Pwr
Hygrade Food 6s ser
ref 5s series
——1956
May 1957
C
deb 5'As
Hydro-Elec 5s
Indiana
Service 5s
1st lien & ref 5s
AIndianapolis Gas 5s A
Indianapolis P & L 3'As
SInternattonal Power Sec—
A 6 'As
series C
A6'As (Dec 1 1941 coup)
A7s series E
A7s
(Aug 1941 coupon)
A 7s
series
F
A7s (July 1941 coupon)
Interstate Power 5s
Indiana
4'As
& Light
Altalian Superpower
Power
6s
(stamped)
Jersey Cent Pow & Lt 3'%s__
Kansas Electric Power 3'As
Kansas Gas & Electric 6s
Kansas Power & Light 3%s_
Lake Superior Dlst Pow 3Va8
A
Jacksonville Gas
Pow & Lt
Louisiana
1958
1950
1963
1952
1970
1955
1955
1957
1957
1952
1952
1957
1952
6s
Debenture
Iowa
5s
1958
1963
1942
1965
1966
2022
1969
1966
1957
1st
105
Public Service
104
Public
85'A
37'A
13
108
36
13
1
100
.
100'A
5
96%
96'A
91
266
84%
91%
Sheridan
92%
65
83%
92%
South
93%
22
89'A
90%
157
90%
91%
110
0:':
6s
Mfg—
1948
stamped
Mengel Co conv 4'As
Metropolitan Edison 4s
4s
A
Valley
Midland
E
G
series
Middle States Petrol
6'As
RR
5s
Milwaukee Gas Light 4'As
4'As
Minnesota P & L
1st
&
ref
5s
1947
1971
1965
1945
—.1943
1967
1978
Mississippi P & L 5s
Mississippi River Pow 1st 5s
91%
$123% 124%
"
"
■:
:.
—
104% 106
104'%
1st
6s
102%
87'A
96
124
106
—
Debenture
Nebraska
6s
Power
series
4'As
A
7:
94%
94'A
New
2
64%
82%
A-O
78 Va
77'A
79%
56
65
82'/a
F-A
79
77'/a
79'%
111
65%
82%
77 »A
79'%
31
65%
82
F-A
77'/a
79%
65
65%
82
1957
.1950
F-A
76%
78%
42
64'%
82
30
32
30
24
32
J-J
$14
18
1946
A-0
$13
15%
1960
1956
2022
1979
1968
J-J
95
66'A
'
__
94%
J-D
v
A-0
'
...
94
57
*77
96
:
•y
53
24%
111'A
111
91
96'A
96
110% 111%
2
110%
111%
105% 106'A
:7 37
104%
106 %
105%
104% 105'A
22
102
105'A
J-D
103%
M-3
99'A
8
M-N
J-J
F-A
83%
83%
'
A 5s
104%
West
103
7
80
85'A
111
114%
6s
M-N
107
23
$24
$24
•
22
20
17%
80%
83
74%
46'A
45
34
36
J-J
6
$20
—
24
106'A
—
107% 107%
77:
10814
101%
96%
101'A
:'J
7V
—
—
16%
59%
107% 107%
107%
M-S
46
18
58%
J-D
107%
106%
'
J-D
M-S
:
$112
■
7
113'/«
J-D
F-A
22
108% 109
109
95
95
'
M-N
M-N
J-J
A-O
7 ;:
■
-
■Ww
.
:
58
1957
1951
110
110
:
,7:
4
109
106%
122
123
113
109%
108 %
110%
86'A
Rys
AStamped
§ A York
57
59'A
101
5
108
2
109%
111%
100'A
101%
49
60'A
3
105%
108
105'A 106
9
103%
3'As
5s
5s
F-A
•*.-*
105% 105%
5s
Week
Curb
96'A
2
107%
85
7
7
—
99%
78
85
112'A
7
132
109
1
106%
99% 100
:--;;7
86%
112
109
'•
F-A
1981
2022
1956
1948
J-D
1947
M-S
26
Ended
April
46
96%
108%
A
External
ALima
City
& Waterways—
6'As stamped
AMaranho
(Peru)
95'%
97%
98%
99
5
96
99'A
V
"
7."
18
7
—
4%
18%
108%
103'A
109
405
18'A
13
$108% 112
-»
109
—
—
109
110%
A-O
108
108
108%
3
102%
108%
J-D
117%
117% 117'%
4
110
118'%
74
3-D
n85 %
3-D
•7
82'A
;-7
-r-
6
82'A
:
74
75
1
n85% n85%
92
63%
"2
74
74
F-A
85'%
92%
$91
F-A
Interest
Period
81
73%
82%
Week's Range
Last
or
Friday's
Sale Price Bid & Asked
$47,
17%
12%
108'A 109
Range Since
January 1
Low
No.
High
A Issue
of
100'A
26
108
110%
114'A
de
ARussian
46
14'/4
17%
$40
53
44%
52%
F-A
$43
54%
42
48
<;
«■.>.£
1952
J-J
$10
15
Oct
(State)
Janeiro
7s—
M-S
J-J
Government
6'As
A5'As
35
2
20
35 K
19
4
16'A
20 I
$35%
$33'A
4'A
J-D
J-J
3%
3%
47
22%
15
30
20'A
45
35
28
35
18
50
4 %
32
35
—
$48
28%
%
32
$22
J-D
J-D
1958
1959
1919
1921
11
$35%
M-N
A-O
6'As
13
18%
M-N
3-D
1931
1972
17*
17
34
1947
1927
10
10
15%
17'A
MS
1951
stamped
Mortgage Bank of Chile 6s
A Rio
47%
52
17%
J-D
M-N
113
16
Bonds
Sold
High
$47
A-0
J-J
1958
7s
7s
AMedellin
Mortgage Bank of Bogota 7s
Alssue of May 1927
A
6
117
1
6V2S stamped.1958
Mortgage Bank of Denmark 5s
12
115
116
109
100%
1953
5s
109
26
115
M-S
87
112%
'
16
106%
98
24%
109%
97
Friday
107'A
111
100'A
100
97
M-N
Exchange
103'A
8
111
100
109 7/a
115
111
4
F-A
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A 20-year
7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Danish
5'As
1955
AParana
100
/
98%
-77:7 $116% 116%
BONDS
9
12
111
M-N
F-A
107%
.
108%
A-0
1937
1947
5s stpd
Co
York
New
106%
$108'A 109
105'A
14
109'A 109%
109'A
J-J
117
98 %
7
110%
21
14
105'%
Foreign Governments & Municipalities
98
100'A
$101% 102%
14
59%
107% 108
M-S
J-D
96
$100% 101%
108% 108%
—
26
$115
7
F-A
1964
2030
1960
Power
Extended
M-S
69
12'%
Newspaper Union—
25
108%
$108% 109'A
7
■
4
V;;/-
107VS 108%
108
M-N
J-J
J-D
Traction
Penn
108%
112%
122% 122%
J-J
A-0
$106% 111
_.»•
:7
■"
10
Low
29
LJrn''
108'A 108%
J-D
47%
107%
106%
32
A-O
M-S
80%
J-J
;
^
'•V*
1951
25%
79%
M-S
7
7 78
1954
26
22
80%
.47
108'A
25'A
19
J-J
•*
108
26
16%
35
52%
22%
16%
1
23
52
26
17
35
,
23
J-J
18%
19
22
22
'■wW.
F-A
105% 108%
3
25
103%
67%
66'A
7" 78 '/a
J-D
unstamped extended to 1959
stamped extended to 1959
6s
7:3
,:;7^7
103
$103% 104
108%
$101
debs
Electric
Penn
Western
83'A
1
7V
67%
Elec 4s
Water
West
86'A
&
&
Ry
Wash
100
112% 112%
107
;7
M-S
cons
income
Wash
A-O
J-D
-
106
104'A
106 7/a
Waldorf-Astoria Hotel—
99%
101
80'A
36
84%
82%
83%
'
2
A-0
1st lien &
94'A
497'
•
106% 106'%
1949
N
106'A
7
105
103'%
102%
106'/a
F-A
Power Co— '
5'As
110%
99%
103%
A-0
1959
United Lt & Rys (Delaware) 5'As_1952
United Light & Railways (Maine) —
6s series A
I
1952
Utah Power & Light Co—
1st lien & gen 4'As
1944
Debenture 6s series A
2022
4s
J
Electric
J-D
103% 104
1
15
103'% 104'/8
J-D
Light
A-O
$101'A 102%
104
105 .<105 'A
104'/a
J-D
United
93
9
—
103%
v
■
43
1952
5'As
United
80
A-0
99%
3'As—
Edison
City Rapid Transit
101'A
19%
24
111
93%
5s
Power
111
44
8
$93%
94
A-O
Toledo
Twin
78
.
7;
100'%
104
""
103%
7
96
98%
:
53
24
''-7
97%
70
108%
3
1
111
;
7
J-D
;
•
79'A
53
h:
& Light 5s
A
Water
57
5s—
Service
Electric
Power
90%
4
2
99%
'"$96
79'A
J-D
M-N
.
—
105
100%
103 'A
M-S
'
109% 109'A
109%
F-A
67
(Hugo) Industries—
stamped
series
6s
91
72
97%
66%
94%
97'A
J-J
•••■•A*
36
103
deposit
2nd
7-4s
Tide
M-S
6s__.
stamped
3d
7-4s
Texas
34%
30 '
17
69
2%
4%
61
4'A
4'A
2%
4%
117%
99'A 100'A
55
97'A
100'A
113% 113%
8
113 y4
114'/a
59%
58
59%
35
49%
60%
1948
1950
J-D
59%
58
59%
17
50%
60
M-N
59
57%
59%
1961
1948
M-N
A-O
90%
90%
1954
J-D
92%
91
Public Service—
Nov 1949
J-D
5s
5s
5s
5s
England Power 3'As
New England Power Assn 5s_.
Debenture 5'As
Orleans
99
90'%
102% 103'/a
103
A-0
Corp—
(Hugo)
Stinnes
Texas
96'A
113%
New
New
79%
1946
gold debentures
Power & Light
AStarrett Corp inc 5s
95
93'A
100'A
Elec
Gas
Eng Gas & El Assn 5s
deb
77'A
6s
101
97
3
95'A
95'A
95'A
J-J
Amsterdam
Conv
78 '/a
85'%
2
89
89
.•
105%
81%
17
94'A
100% 101
J.01.
107'A
104'A
A-O
Nevada-California
New
A-0
1957
6s
6s
Stinnes
105
2
65
J-J
Suffolk Ltg 5s
1945
SANatlonal Public Service 5s ctfs__1978
68
May 1948
Standard
51
51
104'A 105'%
131
62
6s
L
&
P
Conv
103
107'A 107'A
131
w.-''1
$58
(Calif)—
Gas
Rys 4s
Indiana
Certificates of
$53'A
i'—.;"
18
3'As
(stamped)
6s stamped
92
106
107'4
130'%
May 1948
1951
—Dec 1 1966
Counties
3s
mtge 3s
85
104
1C4%
$128
'
'.
110%
54
.
84
114
67'%
Southern
123%
•'
79
110
■
66%
93%
120%
87%
—
7
14
67
Gas
6
104% 104%
-
83'A
110%
M-N
California
79
56
83
110
1989
Southern
Debenture
101
154
1970
2022
93'A
101
96
138'%
F-A :
Edison
82'A
79%
87
110'A
12
7152
J-J
California
123%
95
105%
106'%
1971
1951
Southern
121
86
103'%
10
J-J 77/
Spalding (A G) deb 5s
Standard Gas & Electric—
95%
12
J-J
Southwestern
86'A
104% 105
106% 106 Va
1957
1965
1970
Southwestern Gas & Elec 3'As
1
109'A
1947
5s
Power
103%
102% 102'/a
—
106'%
1970
D
series
94
109%
4
5
A-0
86
221
5
88%
1951
1967
108
•
89
77
88%
108% 109'/a
88%
A-0
101%
;
100'%
M-3
105%
80
$112 »A 114'A
J-D
119
6
110%
1951
85
7
'
1952
6s
4
80
V.':
J-D
Nassau &
151
14
122'A 123'A
90
91%
M-S
1955
:
151
107% 107%
M-N
*
M-N
102% 102%
.
M-S
«•
106'/a
84%
2
111'%
104%
Wyoming Coal 6s
Carolina
Southern
110
112
111
M-S
certificates
Estate
Real
4'As
1st
91%
110
110%
J-D
Scullin Steel inc mtge 3s
104'A
89
24
97'%
7
1969
Shawinigan Water & Pwr 4'As
103
—
7
.
Joaquin Lt & Pwr 6s B
89'A
—
106%
100 ^8
100
/V7^_
A-0
96
$119%
108'A
105
110% 110'/a
J-D
:
J-D
91%
91%
108
115
1
1964
1949
1979
96
90%
105%
107'A
111
-
22
M-S
Harbor Water 4'As
Safe
89%
91%
107%
106% 106%
111'A
M-S
Queens Borough Gas & Electric—
5'As series A
1952
San
100%
__
104% 104%
105
105%
Jersey—
New
perpetual
35
102%
5
111'A 111%
4s
of Indiana
of
30'A
20
—
$108%
1959
54
102
3
v,"
103'A
$101
__
$108%
J-D
J-J
1961
45'A
88
51
105'A 105'A
2
31'A
38
127
36'A
100
107'/8
105'A
31'A
101% 103'A
97'A
105'A
39
97'A
107%
103'A 104
A-O
Sinking fund deb 4s
Service
104
25
102'A 103'A
M-N
mtge 3'As
Danzig Port
McCord Radiator &
101'A
103'A
J-J
F
102%
48%
104%
M-S
J-J
103
ASchulte
J-D
C
Lt 5s
109
100%
1956
(Can)
Corp
103'A
32'A
50%
M-S
J-D
J-J
A-O
J-J
stamped
6s-5s
110%
102'A
4
1950
E
5s
4'As B
Public Service Co of Colorado—
Power
103%
100
M-3
F-A
Florida Pow &
102'A
series
4'As
119
101%
32'A
35'A
M-S
Fuel 4s ser A
1956
Electric Power & Light 5s—
2030
Elmira Water Lt & RR 5s
—1956
Empire District El 5s
1952
Federal Water Service 5'%s
1954
Finland Residential Mtge Bank—
Florida Power Co 4s ser
109'A
3
101
Co—
extended
Edison
14
96'A
35
F-A
J-D
Eastern Gas &
116
7.
F-A
Power
Coke
&
stamped
30
$107
A-O
1955
3%s
Packing
5s
••
1972
1962
5'As
Rapid Transit 6s
Elec
104'/a 104'A
97%
J-D
J-D
J-J
1958
1944
.
Cuban Tobacco 5s
41
107'A 109%
-r
110%*;
M-N
.1970
6%
M-S
1954
mtge 4'As
Continental Gas & El 5s
Gen
Cudahy
1969
1976
Q
(Bait City)—
ref mtge 2%s ser
1st
1971
119'A
117'A
8
$103% 105
Gas
Consol
Philadelphia
102'A 102'A
M-N
J-D
M-N
P & L 5'%s
Cities Service
106'A
M-N
Pennsylvania Water & Power 3'As.1964
114%
8
118% 119
104'A
J-D
A-O
M-S
1952
1949
1951
5s
Debenture
1979
5s
108
108%
$102'A 104
A-O
Jan 1966
1950
1958
1969
5s
Service
109%
105'A
101
J-J
1977
100'A
4150
A-O
1955
B
108
107'A
106% 106 %
7.7
F-A
106%
26
115'A
115
119
M-N
J-D
J-3
M-S
J-J
F-A
Cincinnati St Ry 5'%s A
Debenture
1st
1955
1964
4'As-
Lt & Pwr
Central
Potomac
1953
1964
1948
1954
1953
1927
5Vis
ctfs
Rys 5s
106%
1
109%
110
A-O
100'A
115% 116%
116%
J-D
M-S
Central States P ft L
Connecticut
M-S
M-S
5s
Elec
States
2
$105% 106
F-A
&
Power
Philadelphia
1968
A5 V2s
Conv
J-D
J-D
M-N
Q-F
A-0
Northern Power 5s
Central 111 El & Gas 3%s—
Cities
g^.'v
.
498
—1970
1954
River Power 5s
series
y.v.
—1957
I960
1998
1962
Canada
6s
M-S
108'A
Pacific
Portland Gas
Birmingham Electric 4'%s
Boston Edison 2%s
§ A Chicago
..~x>:
Works—
Bickford's Inc 0'%S
§ACentral
J-J
1950
Bethlehem Steel
Broad
F-A
M-S'
1947
C
series
5s
75'A
49
106% 106%
M-N
—1948
3'As
series B
5s
M
1st
115%
54'A
W
22'A
of Canada—
Telephone
115'/a
..
72
73%
A-O
Aug 1955
22
.1964
Bell
u
22
109% 109%
F-A
4s
22
.1955
6s
106'A 107
2
73 %
107% 108%
A-0
3s
mtge
Public
F-A
.1955
Convertible
High
112
111
$115'A
1945
1968
1971
mtge 3'As
J-J
.1977
Baldwin Locomotive
Low
113
106 % 106%
106%
F-A
Gas 1st 5s
Power
1st
191
.1968
5s
'
J-J
1st 3%s series A
.1950
& Sons (B. I*\)—
without warrants
•
J-J
1969
5'As
.1949
Avery
$111
J-J
1954
1948
5s
Utility
22%
19%
—
January *
No.
108'A
125
409
65'A
58'A
Y
Debenture
91%
62
107'A 108
N
88'A
1
125% 125'A
64 %
96
16
107% 107%
107 >%
107%
Range Since
Sold
High
Northern Ind Public Service—
91'A
M-N
2004
103%
1
Ohio
Co-
1964
Elec & Gas 3%s
Bonds
Friday's
Low
100% 101 »A
101'A
or
Sale Price Bid & Asked
Period
April 10
109'A 109'A
3-D
J-J
s
3%s
Week's Range
Last
Interest
Exchange
107% 107%
n03'A 103%
J-J
J-3
J-J
M-S
J-J
debs
f
s
3'%s
Low
No.
High
Curb
Ended
Week
January 1
Sold
York
New
Range Since
N Y State
Co.—
—1950
1960
1970
—2016
1961
2%s
Bonds
Last
Interest
Period
Exrhnnge
Week Ended April 16
Curb
Friday
BONDS
Week's Range
or Friday's
Sale Price Bid & Asked
Friday
BONDS
York
1445
FINANCIAL CHRONICLE
NEW YORK CURB
New
M
Alncome 6s series A
r-
$108% 109
61
——
50
107'A
*No par
rCash
60%
109
92'A
80
76'A
43
82%
value,
a Deferred delivery sale,
x Ex-dividend.
§Reported in receivership.
93%
•
d Ex-interest,
e
Odd-lot sale,
sales being transacted during
-
• •
Abbreviations used above—"cod," certificates
tive;
$104% 107
104
106
"w
of deposit; "cons,"
Under-the-rule sale.
consolidated; "cum," cumula¬
voting trust certificates,
"n-v," non-voting stock; "vtc,"
w," with warrants; "x w," without warrants.
"conv," convertible; "M," mortgage;
i," when issued; "w
n
current week.
•
92%
93%
sale,
$Frlday's bid and asked prices; no
A Bonds being traded flat.
1446
THE COMMERCIAL & FINANCIAL CHRONICLE
'
Monday, April 19, 1943
OTHER STOCK EXCHANGES
Baltimore Stock Exchange
Chicago Stock Exchange
April 10 to April 1.6 both inclusive, compiled from official sales lists
April 10 to April 16 both inclusive, compiled from official sales lists
STOCKS
Corporation
Baltimore
1st
Transit
preferred
t
v
100
19
1.00 Mar
Acme
Apr
Steel
9
Jan
12%
Jan
Advanced Alum
31 %
27
Feb
31%
Apr
Aetna Ball
Gas Elec
Light & Power comJ
preferred B_
——100
Fidelity & Deposit
——
.—20
Guilford
Realty
Co
Oil of
Houston
common
Texas
vtc
—
1
57%
Allied
62 Vs Mar
Jan
Products
61
115%
114%
Jan
116%
Apr
129
130
125
Mar
131
Jan
Allis
Apr
American
Pub
Apr
American
Tel
130
1.10
1.10
25%
26 'Mi
125 ' !.
pfd
59 %
Laboratories
115
61
115
4%%
1.00 Mar
1,10
22%
26
1.10
26
Jan
Maryland & Pa RR
Mercantile
Mt
Trust
—100
—
Co
Preferred
S
2.27%
Jan
2.20
Co
Jan
84
Apr
Jan
26 %
Apr
Feb
Mfg Co
46c
35c
32
A 31%
29%
Mar
32 %
Jan
Line
Coast
Bastian
Transit Co
Baltimore
5s series A
series
5s
5 rk
1975
A--
,
51V4
59
1975
-
52
60
37,500
102% 102%
.
90%
49
15,500
58%
52
,.1975
.
——
$100
94
94
4s
:
B„—
16%
capital
26%
290
12%
1%.
Jan
Apr
17
26%
Apr
36%
Apr
3
1,500
Jan
90%
128%
2,090
14
10
102% Mar
Jan
,
Jan
144 %
.
,
6
Apr
1%
400
%
Jan
1%
Mar
5 %:,
.3
5%
250
2%
Jan
6
Mar
5%
5%
2,450
3%
Jan
6%
Apr
12%
12-}«
150
9%
Jan
12%
Apr
Jan
19% Feb
Jan
55
Mar
54%
Feb
Jan
60
Mar
100%
1,000
94
Mai-
Jan
102%
Feb
x5%
-5
;
*
18 %
Aviation
Bliss &
Borg
Brewing Corp
Laughlin Inc
Warner
Brach
common—...
&
Brown
Corp
Sons
Fence
Bunte
13%
500
5%
38%
877
15%
Apr
39% Mar
Jan
34
Feb
9%
Jan
J ah..
7
Feb
6%
6%
6%
700
4%
Jan
16%
16%
50
13%
Jan
5
31%
29 %
31%
643
26%
Jan
33'% Mar
*
17%
17
17%
150
13
Jan
17%
12%
13%
150
12
Mar
15
capital.—.
17% Mar
/'
preferred
.*
A.
(E L)
1
16
A
:
16
1%
12%
Jan
15%
8%
11%
30
300
16%
15 Va
Feb
5%
1.050
24%
Jan
20%
60
7%
8%
'
cumul conv preferred
Jan
3% Mar
Jan
50
.
23 %
15%
_
—
150
2%
2%
5
common.:
Jan
8%
Week's
STOCKS—
Range
Alles
Fisher
&
American
Inc
Tei
i
Woolen
Anaconda
Copper
&
Son,
&
Boston
Edison
.
Albany RR
Boston
Elevated
Boston
Herald
Boston
&
Common
29 %
922
24%
Jan
100
92
28%
64
A
—100
^
I
prior preferred
preferred
5%
class
A
class
B
1st
4%
24%
1st pfd
8%
class
——10U
27%
..100
—-
Stamped.—100
preferred....——100
5
D
Personal
&
Prop Trust——,
Eastern
•
Co
——
Fuel
&
Gas
Jan'
95
Apr
24
Jan
30
Apr
62%
Jan
67
14
Jan
17%
•
Mar
Apr
120
4 %
270
30
v'
13%
29
110
30
31%
Feb
3
1%
Jan
7%
Apr
2
Jan
6%
Apr
3%
4 % Vo
6%
Jan
7%
Apr
6
2V2
Jan
8%
Apr
4'A
Apr
4%
Apr
11%
Jan
13%
Apr
23
\
V
Feb
31 %
Apr
.
Apr
6%
•
A},
8%
33
6%
Jan
9%
Apr
8%
19
3%
Jan
9%
Apr
6 %
85
4%
Jan
7%
Apr
6%
SS
National
110
42
30%
33
197
19%
Jan
33%
—*
...
—
Button
Hole
35%
34%
*
7 %
7%
class A.'—..—*
Mach
10%
1,486
10%:/
5%
..
226
.
36'A
2%
85
4
///' 11
100
Co
31%
30%
4
4
2%
37
5
Kennecott
Copper ^
Corp (Del)
32
common
Mar
Apr
Mar
11% Mar
,
Jan
Jan
6%
Apr
38%
•
Apr
38% Mar
Jan
8 %
Feb
Apr
Apr
Jan
45
Jan
75c
Apr
Apr
/ATI!-,'/' Apr
34% Apr
Jan
Royale Copper.
Lamson
Jan.
8% Mar
414
44
3%
43
3%
36
6
Jan
2,049
.
33
Jan
27%
293
36
59
Jan
257
6®8
7%
2%
25
x34
33
__
440
3%
36
9%
—
preferred———*
conv
3%
35
35%
Razor Co
Hathaway Bakeries
Int'l
'
2%
Jan
—
1
.
Jan
57
10
Service
%
342
56%
3%
-
Stores.
Gillette Safety
Isle
100
2
31%
Association———*
General Electric
$7
.
.
!
57
common
Public
Engineers
First
Lines
Group
1%
1%
„
100
Ry common....100
class B
100
5% preferred adjustment
Employers
%
500
Convertible
Apr
7% Mar
Mar
1%
Feb
28% Jan
33%
35%
Apr
4%
4%
3
Feb
5 %
Mar
4%
5%
2%
Jan
6%
Apr
24%
26 Va
12%
Jan
27%
Apr
1%
1%
12c
Jan
1%
Apr
.
5%
preferred
Mass
Util
Associates
vtc.
Narragansett Racing
Nash-Kelvinator
Assn
Inc,
——
New England Tel & Tel—.
N
.100
....
North Butte Mining..
Old
Colony RR.
%
.100
102%
-1 '/
.2.50
Hartford RR
Y N H &
5
9
...
83c
5 Va
475
3%
Jan
.5%
8%
9Va
202
6Jan
10%
99 Va 102'%
249
%
-
1
86
176
Jan
Apr
Apr
102 %
Apr
2% Mar
iV Jan
85c
15,511
24c
Jan
G5c
Apr
38c
;—...
60c
60C
145
15c
Jan
1
Mar
Pacific
Mills
Preferred
Button
Reece
Shawmut
Stone
Assn.
Chrysler
Club
Torrington
Co
Twist
United
Coleman
Co.
Oil
Consumers
V t
sh
pt
v
Inc
Co
United Shoe
G%
U
(The)
29%
5
31%
29%
31%
Co
*
65%
65 Va
67%
Machinery Corp
cumulative
25
Utah
Metal
Vermont
&
Waldorf
68 %
25
preferred
Rubber
S
45
Tunnel
Mass
System
__1
Ry Co..
__100
Inc—
Westinghouse Electric
•
50
—
33
29% Apr
61% Mar
48c
37
Feb
Jan
68%
63 Va
45
45 Va
36%
42Va Jan
25% Jan
23c
Jan
48c
35
90%
Jan
188
7%
Jan
38C
98
•
__
—
8%
88%
48c
100
9
92%
470
90%
Jan
Jan
Apr
68"%
34
10
&
67%
Jan
69
Jan
46
Apr
391%
Apr
100
-
9%
100'
1st
&
Maine
mtge 4%
Income
mortgage 4%%
1960
Preferred
ser
a—1970
Eastern Mass Street
Ry—
4%s series A
For
footnotes
see
page
..
83%
83V4
50
52
$2,000
7,000
75
Jan
83%
40%
Jan
54
General Foods
1451.
—
104% 104%
4,000
103% Jan
104%
Mar
*
2%
2%
150
1%
Feb
2%
Apr
commop——-*
40
25
40
21%
Jan
24%
650
2%
Jan
7
Jan
10
2444
4
4
•
36% Mar
4.150
40
X23%
9%
10%
2.200
Apr
Apr
Jan
4% Mar
11
Apr
class
t c
B
—*
2V4
.50
Jan
50
19%
Jan
985
14%
Jan
10%
Jan
440
83
Jan
95
Apr
600
17
Feb
20%
Apr
23%
23%
%
18%
50
17
18%.
100
90
95
2%
20 V'4 X20%
10
4
4
2%
350
70
70
*
32 Vs
35%
4
-
16
125
•
18%
common
13%
13%
A
Mar
19%
4
9
7
■-
Jan
13%
Apr
13%
25
lll/4
400
36 Va
10
5%
6%
850
3%
70
Apr
10
Jan
10
Jan
12
Feb
31%
■
Jan
38%
Apr
Jan
6%
Apr
23
Jan
13%
Apr
2 7'/a
500
30
Feb
15 Ve
15'/4
200
6%
Feb
15%
Apr
37%
41 l/4
85
33%
Feb
41% Mar
250
■
,.
6% ■Jan:-
11% Mar
11
4
A
600
3%
Jan
11
4%
11
300
IOV4
Jan
2
6%
Jan
3% Mar
Jan
7%
Mar
Mar
;:A
4% Mar
11
3%
50
38 Vs
130
34 Va
Jan
40 Va
47%
—10
1,400
7%
37%
—
3%
7%
1
10
common
Apr
Mar
11
X
•
Apr
36 Va
13%
—5
common
Apr
19 %
Jan.
36 Vs
10
——
24%
A
Jan
5
—
Apr
42
*
1
Corp
Jan
2%
I6V4 Apr
22% Mar
26%
10
270
:
*
...
Inc
Corp
Jan
V*
*
Corp common
Motors
Jan
10%
20%
30
Auto
1%
50
15
20%
—.25
Util
120
2%
15
20
49%
1.063
44%
Jan
51 Va
7%
250
4%
Jan
Jan
Apr
8% Mar
Gillette Safety Razor common
*
Goodyear Tire & Rubber common
Gossard Co (H W) common.—
*
*
336
25
Jan
36V2
Apr
11%
11%
300
10
Jan
12 %
Mar
*
19
19%.
950
177b
Jan
21
'9%
10%
32
33
33
12%
12%
Apr
14
15 Vs
Apr
Great
Lakes
Dr
Dk
&
com
7
31%
10
Harnischfeger Corp common—...
.1
Heilman Brewing Co gen capital—
Hibbard Spencer Bartlett common— 25
Horders
Inc
class
Illinois Brick Co
13
B
1%
—...
1-10
!
capital.
Illinois Central RR common.
Independent Pneumatic Tool
33%
2V2
,
__
—100
Apr
10% Mar
8%
8%
XI2%
;
common
Hupp Motor Car common
Apr
Apr
1% Mar
1 %
1%
Jan
7%
3
Jan
15%
Jan
(23% Feb
12
13%
23
23
19
15%
11% Jan
3% Mar
Apr
t c
*
23
Indianapolis Pwr & Lt
common—
*
—
14%
Indiana Steel Products
common
5%
5%
—
68%
69%
63
Jan
73% Mar
67%
68%
57
Jan
70
18 % Apr
12% Mar
v
Inland Steel Co capital——.—
International
iron
Harvester
Fireman
Jarvis
(W
Drug
v. t
capital
Co
...
Co
common—1
7
common—
Loudon Packing common.
Marshall
McCord
Mfg
Field
%
6%
1%
.
Co common—.,
$3.50 preferred,——..;
Lindsay Light & Chemical common.—*
Lion Oil Ref'g Co capital..
___.._*
Mapes Consol
——-'s
:
Jan
capital,—.
12
Mar
4% Mar
3%
Jan
4%
Jan
14
Apr
44%
Jan
46
Apr
41
150
3
6%
7%
12,650
1%
1%
.
.
Jan
5
%
Jan
3%
Feb
7%
Apr
1% Mar
16 %
12
20
9%
Jan
4
400
2"%
Jan
4%
100
12%
Jan
18%
Apr
205
15%
Jan
20
Apr
1,350
2%
Feb
11 Va
17%
18%
,:_.
2% Mar
950
4
—
177/a
V
Feb
Mar
4%
4%
12
—
Vi
-
20
5%
—*
6%
Mar
Feb
6% Mar
30
L_
28
Mar
395
10
Jan
14% Mar
16%
120
13
Jan
16%
2%
plass A_—L—*
150
14
16%
—
30
13%
—_*
...•
common
Rad & Mfg Co
Jan
8%
3
Libby McNeill & Libby common
Liquid Carbonic
Apr
9%
Apr
4474
—
Lincoln Printing
17%
11%
6Vs
13%
:
,—
com.
18%
11%
16 Va
13
^
*
Util Co Jr cum pfd—.50
Kentucky
18V»
—
1
"A"
Jan
11
18%
—-1
1
Lamp
4%
11%
*
c
common...
&
.
*
common—
Tube
1
—*
common..
Mfg Co
B)
Mfg Co
Apr
Apr
Class
A
common
West
Midland
Corp
United
a
a
F
Common-
_
•41/4
1
capital
A 8%
2%
900
1%
4 Va
4%
400
3%
Feb
8
8%
9,350
4%
Jan
*
1,400
8%
Jan
pfd
500
Wb
10%
11%
Va
conv
iV
Va
2%
2%
2%
50
Va
Va
200
11
-
30
Apr
Apr
Jan
3% Mar
4% Mar
9%
Apr
11% Mar
Va
i'u Mar
Apr
Utilities—
prior lien
7%
preferred
6%
prior lien
&
1
_
Mickelberry's Food Prod
Middle
Miller
1948
9%
—1
—
7%
__
Jan
common..
Lines
General Finance
Common
R
3%
common
Candy class A
Midland
R
2,950
Merch & Manufacturers Sec—
RR—
series
8%
10'/a /10% A
Apr
Apr
BONDS
Boston
Apr
7%
Co common.———
Leath & Co
Apr
Jan
.....10
common.......
Corp
Fuller Mfg
Jan
9%
Mar
108
76%
Four-Wheel Drive
8 Va
12% Mar
72
Jan
Apr
Jan
27
10
Jan
Jan
,
67%
Elgin National Watch Co
—15
Eversharp Inc common
Morse- common_^.i_—^
Ken-Rad
5%
65V'4
104
30
43
565
Fairbanks
Katz
9%
Jan
72%
Amer common
Household
General
38%
70%
preferred——,
Electric
General
Feb
4'% Mar
5
common..
Cohn
Air
32%
8%
Inc.
200
common
Eastern
27% Mar
Jan
70
105
—100
Dodge Mfg
Jan
9%
70
104
Jan
14%
common.
&
Co
Mets
2
550
11 V'4
Jan
common—
(Alf)
Jan
11%
43
39%
Jan
11%
Preferred
19
11%
42%
Jan
9%
180
100
'
90
—
De
Apr
39%
11
Co—
Packing
&
Apr
26
38%
11
14%
7% cumulative preferred-.
Cunningham Drug Stores
Deere
1031%
21,800
Continental Steel common—
Cudnhy
Apr
H Mar
Jan
4
Corp—
Container Corp of
Crane Co
9%
Jan
13%
pfd partic shares
c
Jan
6
Feb
U Mar
A
3%
common..-.
Edison
Jan
Apr
Mar
92 V;
%
•
common.
Biscuit
19%
10
1
.
Lamp & Stove
Commonwealth
23%
Drill
Fruit
*
.5
—
Apr
5,650
103
103
iu
350
9
V2
*
Aluminum Utensil
30
Mar
8%
.50c
com
common
Cities Service
25 Va
10
Util
preterred
Corp
10
Mach
—.
Webster
&
Union
Hole
,*
West
Chicago Flexible Shaft common
5
Chicago Towel conv preferred—
0'
Chicago Yellow Cab capitaUi—%
28%
Apr
common
_——■.
■
Convertible
22%
RR
pfd.
Cherry Burrell Corp common^
Chicago Corp common
Joy
Pennsylvania
$6
Prior lien preferred.
Houdaille-Hershey
Maine Central RR common,
Serv
preferred
Central & South
Dixie-Vortex
•
Eastern Mass Street
Eastern
%
Secur
Decker
8
7%
prior preferred—.—100
preferred
—1
common
Illinois
Common
Associates—
——■—.
preferred——.—
6%
83
Apr
Apr
Mar
4% Mar
100
:!■
Jan
1%
300
7%
5-%
8%
'
Jan
1
Common
19 %
Jan
ConsOUdaied
2%
401
6
12
__
—10
,
Range
81%
10
29
"
5
Service
Copper
Apr
3,155
5%
4 %
Providence RR.———100
Calumet & Hecla
Cities
12
43
■f:6;ZAZ
6
>•
—
Boston
Jan
534
5
—
Boston
9
BO
v; 6 ///.
5j/2
5
5V2
Stamped
4Vs>'/o
Apr
382
3
C
class
110
30%
-
1st pfd stamped.;!—100
V/Aa^A/
1st preferred—..100/!;
A--—-———A
-.100 7%
class E 1st pfd stamped
100
10 %
Apr
Jan
290
17
Feb
69%
Apr
104
3,080
64%
16%
64%
—
31%
Feb
30
95
27%
7 Va
Apr
11
11%
Jan
15 Va
140
Consolidated
stamped
7%
7%
^
144%
;
Jan
RR.—
6%
.
Jan
27%
Traveler Corp——*
Maine
6%
26%
Jan
4%
95
—25
Ry.-^._
127 Va
90
11%
__
3
Jan
2,449
110
15%
250
77%
High
Jan
17%
7%
110
100
.
—
20
150
25%
Vii'%
143 %
./
' "
*
Low
3
140
pfd—100
—■
Range Since January 1
28 Va
143%
*
—_,J5Q *'• V
Inc.
Boston
3
50
19
7642
M)
Pub
:
Shares
High
24%
,
100
•
Carpet 6%
Bigelow-Sanford
&
L010
.1
A—.
-
Tel..
American
American
Bird
Par
'
Refining—.——-.100
Sugar
of Prices
Sale Price
i
'
-
18
18»a
•
(A
Co
Illinois
Central
Sales
for Week
Last
18
10
&
Apr
Mar
25
Campbell Wyant & Cannon Fdy cap...*
Central
Mar
'
24%
Castle
April JO to April lii both inclusive, compiled from official sales lists
Apr
Wire—
common....—..———-10
Brothers
10
5 %
16
400
9%
35%
Bros
Butler
350
14%
9
fi'y
—5
Common
Co
■
:
common
common..
(E J)
&
"A"
:
19
14%
..10
5
Bruce
Friday
Apr
Apr
14
Jan
1%
■
<
*
Class
■
Apr
Jan
60
5%
6%
13% Mar
26 "4 Max-
25%
1,239
.
143 Vs
A
Jan
11
50
34%
4%
14
Mar
100
101% 101%
.4
Blessing common—.
Mfg Co common
Belden
Berghoff
Conn—
iridebt
on
Jan
450
250
140
.1
common—.
Bendix
Bonds—
Certificates
2%
5%
12%
5%
.1
common-
Wheel
101%
5
Belmont Radio Corp..
Atlantic
50
Apr
46c
Jan
26%
100
Aviation Corp (Delaware)
Barlow & Seelig Mfg class A com.
77
41 %
15%
100
capital
Apr
22
45c
46c
% 32
50
preferred
Tel
Athey
83
62% Mar
25
12%
Asbestos
26%
Jan
33%
common
Equipment Co
Truss
5V4
High
51%
12
—25
Apr
82
25c
Co__._.
Fidelity & Guar—
Jan
1.80
2.10
Aro
2.25 Mar
25%
26%
—2
Oil
American
—
100
...
Casualty
Amsterdam
North
>
2.10
Jan
2.10
227 % 227%
__
Vernon-Woodbury Mills common. 100
New
U
50
:
1.75
2.00
Serv
&
Co
48%
1
173
Corp-—
A preferred
Chalmers Mfg Co
&
LOW
61
/; 5%
;Vr
♦
common
Class
Armour
2.00
5
Range Since January 1
High
48%
A
,,
___*
common—
Shares
59%
..—25
Castings—
Bearing
Low
•
common-.—.
10%
Allied
Consol.
Co
Sales
for Week
of Prices
Par
Abbott Laboratories common
Mar
1.75
Range
Sale Price
High
Jan
31 \k
—
_
STOCKS—
10
10
1
c„—
Brager Elsenberg Inc
16
1.75
1.45
1.50
•fv Low
1814
17%
vtc—*
common
Range Since January 1
High
Low
'
•
Co
Shares
A
Week's
Friday
A>; Last
for Week
Range
of Prices
.
Par
Arundel
Sales
Week's
Friday
■■>//AAAA:/—;, Last
'>;■
V/A Sale Price
:
*
„
.
class
stock
W
Jan
2
%
*
.
Feb
2
100
1%
9%
9%
1,300
8%
Jan
1%
1%
1%
1,700
1
Jan
2
Feb
3
-i'V Feb
Jan
2
prior preferred-..10
v t c
■
9%
.100
.
Hart $1
Common
.100
A/__„,.100
3%
10
Feb
Jan
1% Mar
1447
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4169
157
Volume
OTHER STOCK EXCHANGES
Week's
Last
Mfg common-—
Monroe
Chemical
*'■
.
Nachman
Co
&
V
•;'
\
Springfilled
514
13
13
13
100
12%
14%
410
V.
•'
common---——1"
National
National
Standard
Cylinder
Illinois
Northern
Airlines
Northwest
Util
lien
•Prior
Mar
47
a
26 Ma
Jan
3 2 Ma
30%
Apr
1514
50
23 %
2,300
8Mb
Jan
100
7%
Jan
Api1014 Mar
Jan
18
12
50
18
:
Last
Par
Akron
Brass
American
City
Ice
Cliffs
Ontario
Mfg
Parker
Pea
Corp
19 V2
Apr
Dow
Jan
14%
Apr
Eaton
9
Jan
20 Ma
Mar
56
J an
99
Apr
100
17
17%
250
100
90
90
10
7
600
4
60
12
Apr
12 Ma
Feb
Great
14 Ma
Jan
22 Ma
Apr
Kelly
Coal
(The)
2%
Feb
10%
.
3
200
79
81
120
(The)
Circle
Poor &
Co
(The)
16 Ma
370
714
•
Jan
17 Ma
Mar
32
Apr
46 Mi
Jan
52
Mar
22
Jan
30 Ms
Co
Oats
9 Mb
Mar
Mi
Jan
•%
Jan
2 Ma
Jan
11%
Apr
Jan
89
90
290
152
154
110
147%
92
Mar
Feb
70
90
:
Mfg Co common—ii
50c
6 V/.
preferred
5
Rollins Hosiery Mills common——-.4
155
B.
&
Roebuck
Sears
•
66
Works capital
Lathe
Tool
Mucnine
&
McKee
Texas
._
Jan
13
Apr
Jan
33
Apr
23
Jan
27 Ma
Apr
5%
1.350
3
Jan
2Mb
1,500
IMa
Jan
Mi
880
28 Mi
Jan
2 Mi
11
1%
Jan
2%
71
14-%
113 Ma
Feb
65
35%
Jan
15%
Jan
Apr
Apr
Mar
&
■
..
17 Mb
Apr
118
Jan
35 Mi
Mai-
17
Mar
33
33
Mar
85
Feb
SO
.9 Mb
127
a33Vi a33Mi
'■
Jan
11%
240
89Mb
90
10%
10 v>
160
5%
$
5 Ma
198
«
Sessions
41
90
Mar
Apr
4
Jan
6
class
*
Feb
35
Mar
B.
35
100
30
17%
34%
Jan
Portland
National
Cement
Acme
162
14%
Jan
18 Ma
Mai-
17 M)
20
16%
Jan
18%
National
Mar
1.359
3%
Jan
17
Refining, new.
preferred 6%
Prior
National
a
7
_
LeMur
Packer
A
Mar
85 Mi
125
65
Jan
1 M'a
588
1
Apr
1%
Feb
3Mb
3Mb
200
1Mb
Jan
4 %
Api-
9 Va
9M2
50
8
Jan
9% Mar
75
75
1%
it.
Corp
class
5 Ma
6% Mai-
1
75
......
.
a
5 '/a
5%
_
a
Tile
17%
.
'■
.7:
'
•
of
23%
Feb
29M-8
200
4 Mi
Jan
6%
18 Mi
439
9 Ma
Jan
2 Ma
100
2%
Feb
29 Mb
549
a41Ma a4IM'„
6
6 %
18
Ohio
Apr
53
29
—_
'
Dorn
1
...
0
Works
Iron
18 Mi
AptMar
•20
7
Jan
11%
Refining
__
.
2
..
2%
2 Ma
Apr
Unlisted—
Apr
8 Ma
Warren
Feb
Apr
V
.
10
32
11
815
6
Apr
2%
Apr
33
Apr
:
8Ma
50
7%
Jan
17 Mi
8%
17
■>
1,200
14 Mb
Jan
2.150
Jan
25%
Jan
35
Jan
50
Feb
33Mi a35M«
1
.
Rubber
&
Y
N
Ohio
Electric
Central
common..
—
60
75
a33M» a333/8
10
S
__
;
.w
^
—
120
al6Mb al73H
al7Ms
__
_
a35:,»
644
16 Mb a 16 %
260
a35
••
'
*
common
Oil
'•'-
a
'
•
...
Republic Steel
U
10
common..
RR
17%
«
•
"w,
14 Mi
—
171
—
'7:
:
19 Mi
Apr
51 Mi
Mar
—
....
^
Feb
—a.
147
a53Mi a55:Mn
_.
_
al7Mb
';.
1_
Steel
Apr
% 8 Mi
24
Vi
24%
25
32 3 a
34 Mi
47 Va
Tire
•
General
Apr
42
common.
■
Firestone
a
49 Mb
Jan
Apr
29
■
Cleve Gro Bro
18% Mar
22-%
•
3 4 Mi
25
capital
Corp
9%
29 Mb
550
10%
8 Ma
.7
Tr
(AG)
Medusa
Apr
300
:
25
International
71M4
13
15
capital—
capital
Co
Swift
Swift
Jan
25%
2M4
-
5
common
59 Ma
32
30Mb
Brewers Inc common.—:
1
Stewart Warner Corp common
5
Storkline Furniture common.———.10
Sterling
Jan
Jan
Apr
2%
J
■:
—
Standard
Guuu&trana
12 Ma
5
5»4
;V;v$■%''M
Oil of Indiana capital
25
.••v; V.-
21% Mar
Jan
12%
25%:
2
1
Inc., common
Standard
Dredging common
Jan
7%
19
32
.-5
Spiegel,
i
Jan
10%
Apr
2 5 Ma
"'•4h4W':
0
—30
Bend
South
5 Va
250
683b
referred
t
Mar
379
12 Mb
Signode Steel Strap common—.—
5
550
21
12
Co
&
Apr
100
20%
20%
10 Ma
59
a35Mi a36'/8
«
preferred.—_ .100
Upson-Walton
3 Vi>
1.000
1
•
.
Rubber...
Lime
Island
Lamson
Van
—*
8 Ma. Mar
15
689
%
118
17%
&
Oil
Jan
5%
capital-
Cummins
Jan
22
13Mi
a37Mi a39Mn
Towing
Standard
1Mb
3V2
capital—
Electric Co common
Sangamo
Schwitzer
6%
05
69
118
118
o
F.
Lukes
Apr
10
Jan
2%
•
100
4 Mi Mar
Feb
75
69
13Mb
Bros.
2 Ma
5%
3
4%
Mar
100
8%
8%
■
High
200
'
al4Ma allMh
*
preferred
Iron,
preferred————
Richman
Raytheon
Low
2
8%
8%
*
Rubber
Goodyear Tire
Mar
6%
4
185
154
•
———100
common:
Preferred
5
...
Manufacturing
Faultless
Nestle
Quaker
4!
Apr
445
■' %
2
10 Ma
9%
10%
_1
'-a
Mar
400
8 M2
...
2
———1
common——
82
23%. Jan
50
30
30
3% Mar
Feb
14 Ma
1.030
51%
<
7% Mar
Jan
Ma
70
150
29%
0
—
common—
Pressed Steel Car
16 Ma
28%
50
50
100
—
class B_
Co
Co
Potter
16%
2914
A.———10
class
capital-.—--:
RR
Peoples Gas Lt & Coke capital
Perfect
22%
3
-100
Switch
Elec
Pennsylvania
100
.—5
B———
common
preferred
Penn
22%
10
common
7'
12
12,..
*
common
Co
Pen
body
6%
Co
614
Body...
common
Chemical
100
614
Range Since January 1
High
Mar
147-b
4 140
14 >4
G
Shares
Apr
17%
common.——-
&
Cliffs
Goodrich,
Omnibus
4
Fuel..—X—•—L———
&
Corp
14%
preferred—
Low
Mfg.
Coach
Cleveland
1414
preferred—
Sales
for Week
Range
of Prices
Feb
Jan
Friday
•
common—
7%
Apr
6
Jan
Week's
Sale Trice
STOCKS—
common——*
Inc
Bancorp,
West
North
Mills
Paper
Northwest
14Va
|9%
934
29
9%
18
13% Mar
■1514
14 %
15
common..-——A
common——0
Corp
Apr
150
32 %
29
5
20
American Car common—.
North
Apr
100
8
8
32
10
common—
Nobjitt-Sparks Ind Inc capital
Northern
''
40%
Jan
10
3
3 la
Jan
33 Mb
Gas common
1
Pressure Cooker common—2
National
Jan
%
39%
3
Apr
Jan
100
37%
Exchange
16 both inclusive, compiled from official sales lists
April 10 to April
26%
Jan
22
1
26 Va
3914
•
common
50
2 6 Ms
common——a
Co
Ward
Montgomery
High
Low
26 Ms
Cleveland Stock
Range Since January 1
Shares
Hi(jh
Low
*
—
for Week
of Prices
Par
Modine
Sales
Range
Friday
Sale Price
STOCKS-
%
723
148
48%
Watling, Lerciien 6t Co.
'
(J
Thompson
Co
Trane
S
U
8%
10%
1034
100
*
81 Ma
82
309
79 Mb
Jan
85 %
Mar
20
67 Me
69
270
597 b
Jan
70%
Mar
21
22%
23 %
Apr
53:«
56
59
Apr
Co
common
capital
1
Co
Walgreen
1658
Jan
47%
Jan
112 Ma
Jan
3 M»
1,250
2
Jan
3%
V 3%
1
Utah Radio Products common
Mb,
115
55
270
V
20
18%
Jan
27
26%
Jan
35%
Jan
95 MB
Mar
7%
100
5 Mb
Jan
9
Apr
1,950
1M1
Feb
4% Mar
600
5 Mi
Jan
7%
Api-
65%
665-a
169
58%
Jan
70 Mb
Mar
•
26% X2734
976
19'Mi
Jan.
30%
Apr
33%
90%
7%
.
3 Ma
4
7%
V"'
.
Westlnghouse Elec <fe Mfg common.—50
Stores Inc common...——0
Wlcboldt
*
% 3 Ma
Bankshares common.;.—*
Jr)
(Wm
Wrlgicy
Radio
capital
Co
Corp
common
Telephone: Randolph 5530
Api-
92 '/e
80%
22 Mb
33%
260
7 Ma
a
'
Zenith
DETROIT
Building
Apr
108
23 7
22%
:j'.
100
Williams Oil-O-Matlc common.—
Ford
J,"
•
'v-V-
•
—:
24% Mar
Detroit Stock
April 10 to April 16 both
Last
Atchison
Mining
Copper
Steel Corp
Bethlehem
*
L)
Inc
Co
57%
Apr
64%
357
Corp
21%
—1
.10
1
30 Mb
Jan
37%
6%
Jan
210
9
■'
5%
920
Manufacturing common—'
*
Brown,
McLaren common——__—— 1
Burroughs Adding Machine
--.-*
Burry Biscuit common.—
—12Mac
25'/a
25 Mb
25 M4
650
Motors
Continental
6%
Jan
10%
Apr
Detroit
&
17%
10 Ma
Jan
19 Mi
Api-
Detroit
Edison
24
2,300
15%
Jan
24%
Mar
35 3b
r
32%
250
26%:
1,050
9 Ma
10 Ma
9,450
5
10 Ma
9,450
14
6%
355
4%
52%
535
46%
v
Jan
17%
Apr;
Eureka
10 Mi
Apr
Ex-Ccll-0
Jan
19%
Api-
Federal
Mogul
Jan
7 Mi
Apr
Federal
Motor
Jan
54 Mi
Last
)• '
VV i''Par
20
100
*
--——*
Laundry Mach
preferred
Champ Paper & Fibre—
American
Baldwin
Churngold
C
N
O
T
&
■—
—
Cincinnati Gas & Electric
P
—100
20
pfd,
—
Cincinnati Street
—
Cincinnati Union Stock Yards..
Corporation
Crosley
—
Eagle-Picher
Formica Insulation
Gibson
11%
Apr-
Gar
39 %
Apr
General
17 Mb
Apr
10 Ma
1.000
85
25%
Jan
57
12%
Jan
,
Corp
National
*
*
—?
—
Pumps
class
;
20
10
338
90
8
Apr
Playing Card—.
1—
——
Motor
Jan
93%
Apr
84
Feb
90
Apr
7% Mar
Jan
9
Jan
16 Mi
133
9 Ma
Jan
17Mi
Apr
9 Mi
130
7%
Jan
10Mi
Mar
141
- ,
27%
21
21
16 Mi
Jan
39
2 5 Mi
28%
60
10
%
26 Mi
¥4
25
10
* ' V
Apr
Mar
1%
2 Ma
20
Jan
26
Feb
698
24%
Feb
28 ¥2
Apr
146
..
20
Feb
23 Ma
Feb
%
100
15
Feb
Feb
1
2
2Mi
5 4 7i
56
1
469
48 Mi
Jan
56
20 Ma
100
17
Jan
21 ¥2
36 Ms
36%
170
30 Mb
4 Mi
Jan
Mar
Jan
Mar
38 Vi Mar
5Mi Mar
195
3
Jan
45
35
38
Jan
45
——
class
25
*
Rolling Mill
Gas
Gener,-:.
Motors.
Standard
Brands
For
footnotes
—10
,
*
see
page
1451.
Apr
18 Mb
6.103
'
100
1
13%
13%
14
375
10 Mi
Jan
15 Mi
Apr
3%
3 Mi
3%
1,540
2
Jan
3 Mi
Apr
49'/$
4 7 Mi
48 Mi
72
44
Jan
51%
Apr
6%
115
4
„„
6¥2-
19 Ma
17 Mi
Jan
70c
Jan
1 Mi
2
Jan
4
3%
1.400
7 Mi
.
7 Mi
140
4
26 Mb
200
26
%
7Mi
Jan
Fc-b
Apr
Mar
Apr
Mi
Feb
27% Mai16 Mb
175
16
13 Mi
Mar
8%
*
...1
...1
1
Jan
6
Apr
3%
Jan
6
Apr
3%
225
2
Jan
3Mi Mar
2 Mi
100
l3i
Jan
2%
1%
2.125
Jan
2
13 Ma
6 Va
68c
73c
2Mb
70c
3 Mi
common..———1
common..
v '/-
3 Va
,1,240
1Mb
:7
400
5 Ma
3 Mb
7,7'
5 %
2%
-77
"3 Mi
common..——-—2
1
*4 3
13/b
—
24c
24c
common—„——1
——1
common——1
common.——————'*
Hone
Products
Packard
Park
83c
230
9%
Jan
147/b
2.898
4Mb
Jan
9 Mi
73c
1,450
3
785
75c
800
200
3 Mi
500
3 Vi
51c
1Mb
49c
2%
2%
Mar
Jan
3
Mar
Feb
75c
3%
Jan
3 Va
Jan
Jan
Jan
28c
Apr
250
1Mb
Jan
2
Mar
4%
100
4%
A pi-
5
Jan
Prudential
Raisin
River
Paper
Scotten-Dillon
Simplicity
13
200
10'%
18 Mi
11%
Jan
100
5Mb
1,198
4%
17 %
■*
~——10
Standard Tube,
1
common
common
Stearns (Fred'k)
%
17 Mb
B
—
Tivoli
Brewing,
Mar
•U
S
Radiator
219
167
9 Mi
Apr
2%
Jan
4Mb
Apr
1%
Jan
3Mb Mar
Jan
29 Va Mar
Jan
17% May
23
16
*
8
8 Vi
860
1
1 Vi
5,550
5%
76c
1%
8%
Apr
Jan
1 Mi
Mar
Jan
2 Mi
Mar
Jan
14 ¥4
2 Vi
156
2%
2%
210
1%
14 Ma
14'4
370
10 Mi
Jan
14Mi
Jan
2Mb
Jail
2 M4 Mar
Mar
Apr
2%
2%
1,610
1%
1 %
1 %
100
1%
Jan
2
Mar
15
100
13%
Jail
15
Apr
30 3 s
30%
350
28 Ms
Jan
33V2 Mar
1%
2%
-1
common
—
1%
100
1%
Jan
1%
Mar
3
Mar
3
Apr
15
10
1
—
common.,
2%
1
2%
100
2%
Feb
2 Mi
1
—---—--—50
Universal Cooler class B—
:—>-*
Warner Aircraft common
———1
Preferred
''
Apr
Jan
common
Axle common..
Timken-Detroit
V
18 Mi
7
2 Mi
common—
common
Pattern
28 Mi
500
2 Ma
28 Vi
~1
13Ma Mar
Jan
330
4 Ma
■
Feb
1 Va Mar
1
13c
8
■
Apr
Feb
1Mb
8
common.—
Rust-Proof
Apr
80c
Jan
1.400
—-
Parker-Wolverine, common
Peninsular
16Mb
—:
*
common
—
-*
common..——2Ma
——
—*
Mtl Prd common.——1
Invest common
-1
Davis
Parker
4 Ma
12%
Apr
3,700
IMa
27c
■
._7 ■ ; ;7
Apr
Mar
9
21/a
Chemical
Parke
—10
—
Motor Car
1%
.1%
——.5
Motor Wheel common
Murray Corp
Mar
5 Mi
B—
Udylite common
American
Apr
5
Apr
'
Unlisted—
Columbia
3 %
Jan
Apr
45
—
———:—50
Freferred
6Mi
Jan
13 Ma
common.
Oil
Micromatic
Apr
20
U S Printing—
Jan
1
3
5%
Michigan Die Casting
10%
9
2 5 Mi
55%
4Mb
1.700
16
3
1
——1
1
common....——
Wines
20%
70
23
A
725
2.300
26M2
7M4
—.
common
Screw Products
Masco
Jan
Jan
23
2 Ma
5
Jan
9 Mi
—10
—:
Apr
Ma
4 %
1
common..————
Fdry & Mach
La Salle
Jan
17 Ma
7 Mi
9 Mi
1 %
Apr
Apr
204
68 Vi
15 Mb
:
Mar
8 IMa
510
8
9 Mi
—
27
100
30
<% '
67 M«
15 Mb
91
Jan
Mar
20 Vi
51
9 3 M2
90
68
4
20
7 Mi.
Apr
2 Mi
3 Mb
3 Ma
_7..
Products common.
Drug
McClanahan
200
•V—
93
High
Low
98
.
12M2
6
1
common——*
Truck
Brewing
Goebel
Lakey
Range Since January 1
Shares
26%
20
Jan
Jan
18
—3
———5
common..
Finance
Kingston
High
25 Mi
10
V 93 Ma'.
1
1G
—•—:—?
——
.
10
& Gamble common——
Randall
S
—
Range
.1
Preferred
U
.
Apr
4
•
3%
common.——
Industries common—
Wood
Kinsel
Sales
for Week
of Prices
Low
1%
2 Mi
7..
18
common——.——5
Vacuum
Hurd Lock & Mfg common..—
compiled from official sales lists
98
—
Art
Kroger
—
Lunkenheimer
Procter
' ■:'■■■
26 Mi..
;:7
50
50
*
*
—
Telephone
Cincinnati
;
Sale Price
STOCKS—
9 Mi
75c
Feb
Apr
Jan
Apr
Jan
36%
16Mb
common..10
j
20
Detroit Gray Iron common.'. ———5
Detroit-Michigan Stove common
—1
% Jan
5%
Week's
Friday
1%
Mar
Cincinnati Stock Exchange
'
920
High
5 Mb
27%
6
4
common
Hudson Motor Car, common—
,,.
400
835
2 ¥4
3%
*
common
Cleveland Nav
Houdaille-Hershey
,
1%
12'4
2
1
common.—
Milner
Crowley,
Graham-Paige
April 10 to April 10 both inclusive,
1%
12 Mb
1%
12
21
Jan
Jan
4%
'
1.400
16Mb
15 M»
Apr
Mar;
Low
5 ¥4
Briggs
Range Since January 1
High
5 ¥4
2.350
934
—
9%
23%
Shares
__1
Baldwin Rubber common...
9 Mi
33%
MM
,%
Jan
18
100
21 Mi
Low
Apr
6
10 Mb
Coach class B
Apr
V/i
-
6%
common
9%
770
3 5 Mb
Jan
51
10
Apr
67a
7 Ma
31%
10
69
Jan
56
950
9
Jan
15
l;"vu l,'.
.—-*
capital—25
common
Rubber Co
15%;
24
•
Republic Steel Corp common
Standard Oil of New Jersey
Yellow Truck &
Jan
8 Ma
17 Mum
—♦
*
♦
*
of America common
Standard Brands common
S.
45 Mb
21 MI
'
,
9 Mb
5
•
(The) common
U.
54%
501
8mb
:VP.
'
„
■
capital
Pure Oil
35%
•
1
common
Pullman
Studebaker
Apr
34%
Pictures
Radio Corp
31%
8%
Co common—
Nash-Kelvinator Corp
New York Central RR capital
Paramount
Jan
63 Mi
v.
24%
*
common———*
Interlake Iron Corp
(Glenn
v"'' \
♦
common
1.685
50%
:
■
29 Va
1
Curtiss-Wright
General Electric Co
Martin
w'-.
700
for Week
Range
of Prices
Par
Apr
9%
28%
%
29
50
Topeka & Santa Fe com—100
Anaconda
9%
Jan
6 Va
8 Mi
Radiator & St San com—•
Sales
Week's
Friday
Stocks—
Unlisted
,
Exchange
inclusive, compiled from official sales lists
Sale Price
STOCKSAmerican
Associate
Chicago Stock Exchange
Stock Exchange
Detroit
Apr
24%
Jan
.—,.1
Union Tel common
Wisconsin
4
New York Curb
York Stock Exchange
Apr
•
Wayne Pump Co capital:
Western
119 Mb
20%
22%
•
common
Members
Mar
New
871
22
100
preferred
12
Jan
8
1173b 119%
5
_•
Transp
common.—
cumulative
7%
capital.
Carbon
Lines
Air
Steel
S
Apr
—2
common
&
Gypsum
United
U
914
common—.——25
R)
(Thei
Carbide
Union
9 »/*"
425
2%
400
1%
Jan
16Mb
Feb
68c
Jan
7Ma Mar
Jan
1Mb Mar
19 Va
19%
25
IVt
1%
?r»n
—
1%
1V4
1%
950
1%
22 %
Apr
1448
IK-
'
'» it
THE COMMERCIAL &
i
.<■
'
>
..
,
Monday, April 19, 1943
FINANCIAL CHRONICLE
,
OTHER STOCK EXCHANGES
of Prices
Sale Price
Low
Par
Corp.
Bros.
Barker
common
Oil common
Chica
Bolsa
Company
Petroleum
Bandini
.
Buckeye Union Oil Co common
Byron Jackson Company
California Packing Corp
Central
Consolidated Steel
Preferred
—
&
Farmers
■
f
Aircraft
Mfg
Nordon
.—
Ltd———
Corp..
Petroleum
Oceanic Oil Company
Pacific
Gas
Electric common
&
1st pfd
6%
preferred:.—
—
Pacific
Indemnity Co__,
59
Lighting
Pacific
Corp
com
Republic Petroleum Co common
Rice
Oil
Roberts
Corp
,
■
Co
Co
Oil
preferred.
6%
Standard
of
Co
Inc.—
Lines
Air
Western
.
California—
of
Oil
Union
California
Corp
Transamerica
Gold
Cardinal
Corp
.
9c
Goodrich
(B
27c"
Jan '
40c
17'%
Jan
24% Mar
8
Jan
97 %c
Jan
Feb
Mar
11
1.65 Mar
1,545
32%
848
27%
180
Co
F)
27%
Jan
2.10
Jan
10
8%
10%
11,200
3%
Jan
35%
Jan
38%
103
32
Jan
39
Mar
Jan
21
Mar
.Ian
21%
41
17%
30
90
22
Mar
27
3%
300
2%
Jan
Mar
5%
100
4
Jan
5% Mar
23%
24%
1,875
31
31
21%
Jan
25
208
30
Jan
31%
Feb
Feb
30%
Feb
Apr
29 %
29%
894
28 3b
32%
32%
515
32% Mar
33%
Feb
20%
24%
6.346
Jan
26%
Apr
16
3,017
4
7%
Jan
6%
Jan
8% Mar
15%
5,994
a7%
Feb
35
28%
1,072
■
Jan
19% Mar
'
Jan
6
6%
Jan
6
—
Corp
Standard
Oil
of Ind
Standard
Oil
Co
Corp
._
Carbide & Carbon Corp
Transport
...
5
«
Steel Corp.
Pictures
Jan
34%
24%
Jan
31%
Jan
5%
Apr
Jan
567b
Apr
6%
Apr
Jan
15%
15
16
310
12%
Feb
17%
100
13
Jan
16%
64%
65
6T% ~Feb
69
Feb
51'A
Apr
8%
ft,
Apr
7%
1,533
4%
Jan
5%
7%
1,495
3%
Jan
4%
4%
730
2'A
Jan
4%
4%
t 4%'
3,028
3%
Jan
29 %
28%
30%
3,250
23%
Jan
32%
732
16%
Apr
17%
Apr
44
114%
Jan
117%
Apr
31%
Jan
32%
7%
7%
7%
17%
16%
17%
,
116% 117
116%
7%
Apr
5%
;
Apr
4% Mar
Apr
Apr
32%
32%
327b
338
21%
20%
21%
525
13%
Jan
22%
Apr
19%
18 %
197b
125
14%
Jan
21%
Apr
28%
,
28%
112
22%
Jan
132
2%
Jan
6%
Apr
43%
Feb
~5%
6
5%
30 % Mar
39
39%
26
38%
Jan
59%
597b
75
48%
Jan
63 % Mar
24
24
50
22
Jan
27
1%
124
%
1
26%
8%
12,040
14 %
25%
26%
Apt-
8%
Jan
Apr
109% Mar
Jan
103
127a
14%
Jan
Apt-
25%
Apr
Feb
21%
116
14%
25
1% Mar
5% Jan
•:v
139
1077b 108
108
17%
1,669
7%
<:
1% Mat-
Jail
3J
23%
8%
•
Apr
Mat-
v\
206
1%
vv
78
.
v
,
compiled from official sales lists
Week's
Finance
23%
35
18%
25
178
Jan
1 %
1%
200
8%
.1
Feb
9%
9%
9%
96
1%
Apr
8%
8%
100
6
Jan
.•
Pitt
9 %
Apr
16
Apr
14%
200
10
Jan
3%
3%
3%
2,669
2
Jan
16'A
16%
117
15
Jan
17
Mar
12
12
100
8%
Jan
12
Apr
3
3
125
2%
Jan
3 % Mar
525
1%
Jan
1% Mar
14%
—
«...''
—23
Pittsburgh Plate Glass——
Screw & Bolt Corp
Brake—
Mar
9
Apt-
Jan
7% Mar
95c
Jan
25c
50
84%
Mar
35
Apt96% Apr
:
Jan
5%
5%
;-20
4%
Jan
6%
6
6
6
208
3%
Jan
2%
2%
2%
100
2%
Jan
6
Apt3% Mar
:
Apr
32%
35'%
495
32%
Apr
35%
20
203
436 '
15%
Jan
22%
Apt-
20%
34%'
5
•
Springs..
Air
100
31%' Feb
'-;• 50
94%
•
Foundry common..—0
Shamrock Oil & Gas, common.:
1
Steel
94%
177b Mar
Jan
Jan
Jan
5%
643
:f
35
:V: 35
Apr
7
..
1,468
60c
55C
55c
3 %
92
10
225
,
7%
7%
7%
—10
Nat Fireproofing Corp..
*
Pittsburgh Brewing preferred..———
Supply
;
9
8%
137b
60
16%
97
;
*
:
Lone Star Gas
1%
1%
16%
97
97
100
pfd
Co.
Koppers
Apr
1% Mar
■
16%
Brewing ——_5
A
Brewing
1
Walker Refrac
—*
Electric Products
Harbison
io
•
*
;
common
Electric—
Devonian Oil
Fort
Apr
3% Mar¬
—..—.10
M.),
Columbia Gas &
Dusquesne
25%
Jan
2%
1%
.1
100
—
'•Preferred
(A.
High
Low
High
2 %
Co common——
common
Blaw-Knox Co
Byers
Range Since January 1
Shares
22%
Allegheny Ludlum Steel
Arkansas Nat Gas
for Week
Low
Par
Auto
Sales
Range
of Trices
Sale Price
STOCKS-
Apr
30%
60
29%
Feb
29 %
Feb
605
6%
Jan
11
20'%
50
20%
Apr
20%
Apr
4 -
Apr
A 210
42 %
Jan
45
El
Apr
.———50
Mfg
&
Apr
a29%
10%
3%
10%
44%
10%
45
113
:
.
Jan
3%
9%
Jan
13%
Feb
22%
Jan
24%
Feb
20% Mar
20%
Apr
Jan
6%
Apr
Members
Apr
24%
19%
260
6 %
550
4%
8%
565
7.
Jan
9%
Apr
—
100
4
Mar
5%
Apr
100
3%
37%
36%
Jan
2
.
31%
Jan
37%
35%
Jan
35%
360
36%
Apr
16%
•
„
—
4%
„
16%
10
„
a52%
__
24%
..
—
—
50
Feb
2
32%
Apr
36
ST. LOUIS
I
Phone
CEntral 7600
Postal Long Distance
Chicago Board of Trade
Bell Teletype 8L
593
Mar
10%
995
6%
Jon
10%
Apt-
32%
480
Jan
35
Apr
7%
4,370
39%
225
15% 17%
12% 13
13% 15%
14% 17
47b
4%
23% 23%
28 % 29
15% 16%
8% ■10%
,
a22%
66%
12%
24Tb
6%
a31%
a50%
10
24%
48
13%
81 %r
31%
a21%
70
1
30
5%
55
Jan
Mar
7%
55
40%
5.040
10 %
Jan
20%
10%
Jan
14
Apr
935
10%
Jan
15%
140
12
Jan
17
1,655
2%
Jan
155
15%
Jan
Jan
725
24
633
12%
4.764
4%
Apr
Mai-
Apr
317a
Apt-
Sale Price
STOCKS-
Brown
Shoe
Columbia
Brew
Pepper
Jan
18
50
19
Feb
19
Feb
42
59%
Jan
70 %
Apr
660
10%
Jan
13%
26%
60
16%
Jan
390
8%
common
—10
Hyde Park Brew common
—
_100
Hydraulic Pressed Brick common-
Shoe
International
210
3%
Jan
55
17%
Jan
100
7%
Jan
Jan
18
Jan
26
9
12%
4
% Jan
Apt-
Apr
67b Mat-
32
125
28%
Feb
31% Mar
•
common
527b
410
47%
Jan
50% Mar
Steel
18
75
25%
10
23
8%
500
7%
Jan
8% Mat-
7%
205
5%
Feb
7%
30
30
28
Jan
30
50C
50c
200
20c
Jan
32%
28%
Jan
7%
200
McQuay-Norris common
8
Meyer Blanke common
—25
Mo Portland Cement common
8
National Bearing Metals common-
508
5%
Jan
11%
125
24'A
Feb
25%
48
245
42 %
Jan
49
13%
265
9%
Jan
14%
81%
115
84%
Apr
84%
St
Louis
Car
33%
100
27%
Jan
34% Mar
St
Louis
Screw
22% Mar
Scullin Steel common
22%
1
110
18%
425
hi
Jan
Jan
1V4
420
32
Mar
410
48
Jan
58%
12
•92%
6
36%
250
23
960
115
7%
82
2 %
36
33
AptApr
Apt-
32%
32
7%
Apr
Feb
Mar
Stix
Baer
Wagner
&
common—
common
&
Bolt
___
Electric
common—
5
Apt-
Apr
33% Mar
7%
Jan
Apr
16
65
15%
Jan
18
Feb
43%
43%
80
38
Jan
43%
Apr
14%
14%
100
13% Mar
14%
Apr
130
12%
16
■/.
J.
Jan
15% Mar
13 3%
13%
11
Jan
14
Apr
20
19
20
265
14%
Jan
20
Mar
6
6
50
2%
Feb
6
Apr
14%
14%
147b
50
12
common
Fuller common
8
6
*
National Candy
Jan
Apr
70c
404
8
Mar
Apr
8%
50c
—20
common
24%
10%
Feb
9 % Mat-
30
5
Laclede-Christy Clay Prod common
Laclede
5% Mar
21
12%
29%
67s
50
5%
Apr
7
—25
0
Hussmann-Ligonier
31
38
Jan
37%
20
1
High
Low
High
18
14%
70
Range Since January
Shares
25%
common
Ely & Walker Dry Goods common.
Falstaff Brew common—
22%
5%
common
17% Mar
Mar
for Week
20
1
_
10%
740
Sales
Range
9
common
Jan
Apr
Week's
of Prices
37%.
_10
Co.
Bottling
Coca-Cola
Dr
*
common
Electric
Century
Exchange
compiled from official sales lists
Low
Par
Jan
5
35%
5%
35%
Apr
24% Mar
55%
11%
Friday
Apr
250
53%
a91%
April 10 to April 16 both inclusive,
Last
36%~Feb
17%
a
SI. Louis Stock
Apr
Mar
81
54%
„"
,
Mar
630
l
a33%
—
Co.
19 22
377b Mar
1%
16%
—
a22%
70
12%
26%
Chicago Stock Exch.
Jan
37%
„
Unlisted Securities
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
Apr
41
32%
a52%: 53%
a 17%
al7
—
Apr
705 Olive St..
Mar
4
1,154
35
6%
—
Apr
109
St. Louis Stock Exchange
32%
.
113
Apr
New York Htock Exchange
5%
32%
8%
—
alO%
Apr
109
Established
212
1%
—
113
1,000
Edward D. Jones &
2
261
;
—
$1,500
109
St. Louis Listed and
200
;
a37%
113
109
1955
..1949
5
3%
34%
37%i
36%
—
10
,
19%
6%
8%
__
Woolworth
Bonds—
Independent Brewing 6s...
Pittsburgh Brewing 6s
14%
1
r_,
::
48
3%
3%
al3%
23%
—
6
Jan
176
a35%
63 %
—
1451.
44
Mar
38%
1
page
791
•
Apr
16%
50
see
49%
Apr
3 %
3%
Westinghouse El & Mfg Co..—
Willys-Overland Motors Inc
;
Co
47%
Last
Westinghouse
32%
1
a35%
5
Inc
48%
Friday
Jan
112
»
U S Rubber Co—
40 %
•
,
Pittsburgh Stock Exchange
Westinghouse
1,596
— :
,.
Jan
April 10 to April 16 both inclusive,
Standard
—10
(Delaware)—
Apr
5%
•
..5
Corp
9%
320
-
Company
331/&
10
.20
—.
Coal
142% Mar
Feb
540
capital
Corp (The)—.—.
Water Assoc Oil Co
Jan
13~1~%~
921
__
*
*
25
1
25
25
10
6%
45
358
5%
—
*
15
*
_*
370
8%
48%.
54%
•
—«
Texas
(F W)
Apr
29 %
—
Inc
(New Jersey)
footnotes
2c
5%
RR
Standard Brands, Inc
Bros
Mar
4%
—
Railway Co
Corp
Apr
15%
16%
*
18
Inc
& Co
Roebuck & Co
Socony-Vacuum Oil Co
United
lc
i
Seaboard Oil Co of Delaware
Lines
1,000
28%
—
--
Sears,
Air
2C
6%
6%,c Apr
49%
5%
29%
*
1
North
American Company
•
Ohio Oil Co.
—*
Packard Motor Car Co
*
Paramount Pictures, Inc
———I
Pennsylvania RR Co
—50
Pure Oil Co
*
Radio Corporation of America
•
Republic Steel Corp
*
United
Feb
8%
a43%
,
Robbins,
Aircraft
2C
al40% 142%
a35% 3 6 %
—
1
406
Pitts
A;
—
American Aviation
Studebaker
Jan
2,000
30
37%
Pittsburgh Steel
—
■
—1
Inc
Southern
37b
6c
2C
al42%
McNeil & Libby common.
Montgomery Ward
New
York Central
6%
5C
,
5c
2c
36%
'/a
37% Mar
8%
Apr
36%
*
Inc
5% Mar
15
19%
Apr
33%
preferred
$5
Apr
4%
34%
4%
Jan
Apr
Mar
38%
7%
Jan
16%
26 Va
Feb
31
7%
484
18%
Apr
1%
565
Apr
Feb
25
1,100
32 l/a
76%
W 2,766
preferred
$3
Mar
5%
8V2
18%
Jan
130
4%
33%
Jan
Feb
3 %
32%
24'A
67%
Apr
Mar
a2675
,l—
Apr
72%
United Gas Improvement common.
45c
33
a2l%
—
10 V2
28% Mar
Jan
37%
a30
3%
5%
Jan
United Corp common...
Jan
30%
4%
38%
6%
*
25
Invest
Westmoreland
a38%
Corp———————*
Copper
&
Bridge—
participating——
Corp preferred...
A
Apr
4%
121
6% Mar
3%
-1
Apr
10%
9%
Ta cony-Palmyra
Westmoreland
26%
500
9
_*
Feb
3%
10
Jan
31%
trust ctfs_.
Sun Oil
Mar
2,035
30
3
71%
.—
8c
3%
9%
404
'
1
50
Philadelphia Elec Co new com w i—0
4.4% preferred ——— — .——100
Philadelphia Elec. Power 8% pfd—25
Philco Corporation
—3
Reading RR common
50
2nd preferred
;
—50
Salt Dome Oil Corp
——.—1
Scott Paper common
....
-*
35c
40%
2.95
5%
9%
*
50
—*
Navigation
Pennsylvania RR
Jan
23%. Jan
""
5%
"5%
*
Pennroad Corp voting
35c
2,900
2 8'A
18'%
10
Coal &
Jan
.
Jan
Co_„—
International Tel & Tel
McKesson
Lehigh
5c
300
45C
Feb
•
Motors
9c
1,000
12%
-
199
6c
70
33%
Battery
Lehigh Valley RR...
National Power & Light
Class
Jan
1
Graham-Paige Motors Corp.——
Int'l Nickel Co of Canada
Kennecott
General
Transit
300
23c
Feb
18%
aa
!%:■:
preferred
9% Mar
34%
——
—...
Share
&
Prior
Jan
284
5,520
144%
.
Apr
10%
1.55
Jan
11% Mar
•
common—
Electric Storage
67b
240
Co
Pub
Curtis
Mar
38c
10
..5
Power & Light Corp————*
Electric Co
'
Foods Corp
—..
*
Bond
For
1% Mar
39%
*
*
25
Corp..
Curtiss-Wright Corp
Warner
9'A
Jan
435
—-25
Corp
Aircraft—
Vultee
U. S.
Jan
Jan
18
Apr
127%
17%
143%
—._10
Budd
(E G) Mfg Co common—
•
Budd
Wheel Company
*
Chrysler Corp
5
lc
22'A
30
Co—————*
Elec
&
Continental Motors Corp
Union
4%
100
1,000
520
•
Commonwealth Edison common-.
United
Mar
40%
——5
....
Solvents
Commercial
Tide
Apr
80c
44
—5
5
——
Tractor
Gas
Columbia
&
395
39%
Jan
.
10
*
Pacific Ry Co—
Canadian
Caterpillar
Swift
Apr
40
*
Steel Corp
Bethiehem
North
Mar
v
Co
Borg-Warner Corp
Loew's
36%
Jan
34
14%
923
Asphalt Corp
Mountain Fuel
Sani Corp—
Aviation
Libby
14
Jan
57 %c
40C
3%
& Tei Co
Oil
Barnsdall
General
Apr
Jan
700
9
Apr
Apr
26%
50%
33%
40%
100
American Viscose Corp
——.14
Anaconda Copper Mining Co
50
Armour & Co (111)
5
Atchison, Topeka & Santa Fe Ry_._100
Aviation Corp
(The) (Del)
—3
Baldwin Locomotive Works vtc
13
General
108
8c
Jan
43 %
1
25
*
*
2
..25
A.—1
Smelting & Ref Co
American Tel
Electric
387 a
1%
Mar
9
600
768
9%
415
33%
12%
34%
75c
Apr
Feb
44%
100
33%
Jan
405%
845
48%
Feb
44
Cons
Amer Rad & Std
Electric
41
5% Mar
63
35
44
Stocks—
Unlisted
Cons
1,300
250
13%
100
Tel
Tel &
American
Barber
High
Low
14'%
140% 143%
•
American Stores
'.V
High
Jan
Feb
20
34
415
27%
—
Mining Co——10
Mining Co—10c
Mining Co.;
1
Mammoth
Bendix
Jan
22%
Stocks—
Mining
Amer
3%
63
115
32%
Alaska Juneau Gold
Black
100
27%
—
;
28 %
25
25
Pacific
5
68%
6C
;
1
preferred C
Gas
Feb
23C
__
Drug Stores
*
California Edison Co Ltd—25
Calif
19%
1.05
1.55
*
preferred B
5V2%
320
37c
—^
Gas Co class A
Southern
So
20
21%
—
Southern
6%
Apr
9% Mar
10%
-
common——
Solar Aircraft Company
Sontag
Mar
11
Jan
9
<
Stores,
Oil &
74
Jan
6%
1%
'.u
<■
——1
Inc
—1
—;
*
Security Co units of ben int—
_—
Shell Union Oil Corp
——15
Signal
Jan
7%
38%
...
Ryan Aeronautical Co—
Safeway
Mar
68%
8c
1
'
Public Markets Inc.———2
Company
Oil
Ranch
Richfield
10
35
9%
10
—
Jan
1.100
12%
__
1
.—1
1
1
25
25
— 25
10
*
Co
Corp
Occidental
Co
Apr
3,028
75C
—1
—
Investment
Angeles
Menasco
Corp
35
__
10c
Petroleum Co
Lockheed
Los
Jan
8%
34%
__
1
Co
Apr
Apr
10%
31
10c
Company
Apr
22
27
72%
33 %
1
Hupp Motor Car Corp
5c
Jan
8
415
12 %
Development Co
1
Hudson Motor Cor Co———-t———*
Feb
10
48%
Holly
Lincoln
10
;!■: 5
—
lc
80
20
31
——2.50
General Paint Corp preferred
— 0
Gladding McBean & Co
i
*
Goodyear Tire & Rubber Co
•
Hancock Oil Co class A common
_*
Lane-Wells
35
8
General Metals Corp
Jade Oil
27
a66%
—1
Merchants Nat'l Bank—100
Apr
10%
,
class A common
Co
Oil
Exeter
:
11%
72%
Aircraft Co.
Douglas
Jan
19
27
:—
10%
8%
1
America.
of
Creameries
Apr
16%
10
"
*
8% Mar
23% Mar
65
185
35
*-•'
:
.
Corp
'
1.35
3,000
22
V
;
7%
5c
.
Feb
Jan
1,024
4c,
207b
Apr
Apr
75c
1,902
1.25
3%
4%
?■.' 7
11%
—
207b
———5
Chrysler Corp
Consolidated Oil Corp
1,100
10%
.
3%
1,800
8'A
1.00
:
common...."
Investment Corp
100
Aircraft Company—
1
Cessna
4%
8%
__
*
—1
*
Inc
Broadway Department Store
4
Feb
Jan
1.80
11,536
3%
Low
Par
Range Since January 1
Shares
of Prices
Sale Price
STOCKS-
High
Low
High
2%
3%
4%
50c
1
*
1
Inc——
Accessories
Range Since January 1
for Week
Range
Last
Shares
Sales
Week's
Friday
for Week
Range
compiled from official sales lists
April 10 to April 16 both inclusive,
.
Sales
Week's
Last
STOCKS—
lists
inclusive, compiled from official sales
Friday
Aircraft
Philadelphia Stock Exchange
Angeles Stock Exchange
Los
April 10 to April l(i both
8
—
—
67
Apt-
12
11
163%
7%
Jan
11%
8
100
6%
Feb
29
370
24%
Jan
8
10
—15
12
10%
29
28%
12
8
29%
AptApr
Apr
Apr
Apr
Bonds—
Jan
13
Jan
82
Jan
St
Louis
Jan
6
Mftr
St
L
Mar
36
Mar
Apr
Car 6s
Pub Serv
extd—
1st mlge 5s.
..1945
1959
85J
85%
93
93
$3,000
1,000
85
90%
Mar
Feb
85%
Apr
93
Apr
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157
1449
CANADIAN MARKETS-- Listed and Unlisted
Montreal Stock Exchange
Canadian
Montreal Curb Market
Funds
vv>"v*v.
April 10 to April 16 both inclusive, compiled from official sales lists
Last
STOCKS—
Par
of Prices
Shoe
Low
*
common—
Preferred
Algoma
100
Steel
Anglo
common—
Ltd
Aluminium
Aluminum
Co
Canada
Canadian
Asbestos
;
Tel
Power
•
pfd—
50
preferred—50
Co
Corp
Bathurst
*
.
common—
of
Eell
Low
Paper A
of
100
Silk
9%
601
8%
Feb
128
136
105%
Jan
133
101
101%
680
100%
Feb
103%
44
•
44
24
44
24
12%
13
350
311
44
Jan
21%
208
152
150
42
20
24
12%
152
25%
Jan
12%
15%
Mar
152
Jan
141
Feb
Apr
Jan
Mar
Abr"bInr£S?r ? Paper
BatwS.
Powei
Bathuist
Apr
Jan
Bieweis
&
Apr
18%
22% (V 23,144
24%
15
Feb
3%
3%
50
2
Jan
Feb
75
5%
Jan
Jan
Forgings
class
13
Mar
15%
580
11%
Feb
14%
Apr
1,000
4%
Jan
5%
Jan
4%
5%
96%
97
*
22
22
22
•
Preferred
35
7 %_
'0
32%
9%
23
Apr
7%
Jan
12%
/':
Apr
Jan
Apr
31 %
20
Jan
!_
35%
Jan
34
S^CObI
Canadian Power &
Apr
10
2,035
7%
Jan
29%
28
29%
1,955
27%
Jan
29 %
Cottons
Canadian
33%
430
27
Apr
33 %
7%
Foreign
Preferred
Investment
:
135
135
22
22
20
133
Feb
30
22
Mar
139 y.
Apr
100
class A„•
Canadian
Locomotive————*
Canadian
Pacific
Cockshutt
Railway
25
Plow
•
Consolidated Mining & Smelting
Consumers Glass
—5
Dominton
Steel
Dominion
Stores,
27%
31
31
32%
105
-J:
17%
Jan
31
Apr
10
120%
Feb
123
4%
16%
14
16%
C
11%
10%
11%
10%
10%
Piefeiied
44%
45
&
Canada
Wares
V
•
r^l
20
;
Apr
1,515
24%
Jan
30%
Eastern
Ltd—*
__
—20
11%
Jan
14%
Mar
120
Jan
125
Dailies Ltd
1 ^,u,Cla
Ford Motor
Fraser
Jan
10%
of
Canada
11%
11%
20
4
42/a
302
32%
23
33%
1,965
3%
3%
3%
1,265
22
22
5
4%
5
6,035
33,«
Jan
8%
Feb
trust
7
840
80
222
6%
80
6%
6
Mar
76%
245
5.310
7%
Jan
81
,
Jan
Mar
Hillcrest
22%
23
915
19%
Jan
15%
15
15
5
12%
Jan
*
International Utilities Corp class A
9las^Brl"
Lake St John
Feb
5%
7
Mar
75c
Jan
1.30
Feb
International
4%
*
Preferred
Bronze
Paper & Power
B
Co
class
27
Mar
4
Jan
5%
Feb
Maple Leaf Milling
15%
Jan
Maritime
Mar
Melchers
Distilleries Ltd
Apr
Mitchell,
Robert
Apr
Moore
Apr
Noorduyn
30:
Apr
MacLaren
15%
15 %
435
14%
Feb
9
166
7%
Jan
9%
8%
620
8
Jan
86
94
Jan
106
25;
6%
5%
5%
9%
106
Jan
5
146
6%
5%
11
4%
9
Power
&
0
15
6%
:•
•
2,090
11
335
13
13
1,630
101
101
10
29
30
8.90
605
Jan
12
Apr
Feb
Apr
13%
Jan
27
Jan
11
Jan
98%
.5%
0%
Jan
Petroleum
Power
&
Co
Tel
Feb
101 % Mar
Co—
*
32
Mar
pfd
Woods
Lang
&
Sons
pfd
Tubes Ltd
Corp of Can
Reliance
6%
Transport
Grain
Co
10
Jan
15%
Apr
Apr
21%
Jan
19%
Apr
19%
Apr
17%
17%
17%
1,600
15:%
Jan
18%
Feb
Jan
8%
Apr
Jan
16%
,
2,068
12
Jan
14%
1,280
10% Mar
12 %
Jan
7%
Apr
United
Jan
10%
7%
10%
10%
19%
25
19%
37%
18%
•
10
Feb
;•/.
12
19%
18%
Co Ltd
70
Apr
100
37 %
37
2,179
33
Jan
39%
Apr
1,581
17 V' Jan
19 %
10
Jan
Jan
110
Jan
7
7
101
19%
20
101
16
*
common——
25%
.
25%
24%
98
875
13%
10
5
7
7
55
19
35
55
55
10%
10
7 /••••
14
10%
Candy—
Southern
Canada
Power
Distillers
23
Apr
Feb
*
——_—
7%
6%
Light Heat & Power Cons
*
Telegraph ________-40
Mont
305
Jan
25%
Apr
13%
10 %
Jan
10
Mar
7
Jan
7
—100
Tramways
Breweries
National Steel
Feb
55
14% Mar
.
Jan
7
6%
380
25
25
25%
29
33
1,960
3,124
100
33%
1,040
.
5%
6%
Jan
7%
Feb
Jan
7%
Apr
Feb
24%
Jan
27
Jan
24
Feb
25%
Apr
22
Feb
33%
•
Corp
29%
30%
721
26
Jan
31
Apr
48%
50
305
38
Jan
51
Apr
15%
15%
205
15
Feb
17
Jan.
46%
47%
2,232
40
Jan
48%
Apr
——0
Niagara Wire Weaving
Noranda Mines Ltd-
*
24
25
common-—*
12%
12%
12%
0
4%
4%
Light Heal & Power com—100
7%
7%
Steel
Ontario
Ottawa
Ltd
Ltd
Co
Quebec Power
*
:
common
&
Bros
—
50
1.250
of
25 %
150
10
Jan
12%
4%
350
4
Jan
4% Mar
7%
50
Jan
131
6%
Jan
7%
43%
Feb
50
265
7%
7%
7%
•
11%
11%
12
893
14
14
14%
245
common
———•
-
—
1,624
Apr
Apr
Apr
6
Jan
8%
Feb
9%
Jan
12%
Apr
Jan
15%
Jan
14
St
Lawrence
Class
St
A
.—100
preferred
Corp
Lawrence
Co
Steel
of
United
Corp
29
38
38
38%
410
17%
17
17%
11
11
11
70%
70%
74
74
*
100
Manufacturing
Zellers
Ltd
preferred
—
V
__
7%
5
49
3%
Beaufor
Gold
6%
0
common
49
3
;
•
;V.
7%
5%
49
3%
1.75
Jan
7%
2%
Apr
Central
Malartic
Malartic
East
Lake
Shore
Royal
Bank
For
of)——
(Bank
see
100
—
of)_
100
100
page
160
108
108
95
95
112
: 112
3
90
90
35
Apr
6
Apr
Apr
Apr
108
545
'
107
93
Feb
95
112
Apr
112
87
Jan
.9
6%
6%
15
21%
445
92
__
Feb
Jan
10
■
Jan
92
40
85
25
102
5% Mar
40
,
7%
Apr
Apr
91%
Apr
7
Apr
Feb
25
Mar
Feb
97
Feb
1451.
1.40
103% 103%
__
2%
,
*„
2%.
33
60
33
1.15
Jan
104
Feb
1.30
Feb
Apr
52
33
51
51
60
47%
Jan
53%
Apr
20%
20%
50
19%
Jan
20%
Apr
•
Gold
Mines
14c
13c
14c
9,700
11c
Jan
20c
2.00
2.00
Apr
2.00 Apr
Ltd—*
Ltd
Mines
Ltd.
.
'
—
4c
'
400
——1
1
Mines Ltd—
Mines
*
Ltd
1
Ltd-———
Mines Ltd——
1
—__
1
2.00
2,000
4c"
4c
Apr
2'/bC
33
19c
19c
12c
Apr
1,000
40c
3,500
;2c
Apr
1.30
„
85c
1.30
100
1.000
1.13
Madsen Red Lake Gold
Mclntyre-Porcupine
McKenzie
Lake
Gold
Mines
Ltd
Gold
Jan
2%c
1,000
2%c
Feb
2%c
Feb
14%
150
11%
Feb
15%
Apr
84c
__
Jan
21c
14%
__
80c
84c
500
84c
Apr
86c
Apr
Pamour Porcupine
Consol
Pato
Crest
Teck
Hughes Gold
Amulet
Cadillac
3.25
3.35
1,000
92c
93c
300
79c
Jan
47%
Jan
55:},-
10
90c
Mar
70c "
^55
1,400
63c
Apr
3,500
8c
Mar
GOc
Jan
-
68c
8c
Jan
8%c
30c
3.35
1.22
Feb
Apr
Apr
55
Apr
93c
Apr
72c
Feb
ll3/4c Jan
82c
82c
500
3.05
3.GO
3.05
1,920
2.15 Mar
1.70
1.70
1.70
50
1.68 Mar
3c
3c
2,000
l%c
Feb
3c
Apr
1
90c
90c
90c
400
66%c
Jan
1.00
Feb
1
Ltd-
Mines
Mines
Mines
>
68c
8%c
42c
__
Ltd—
Mines
Consolidated
Wood
3.35
2.26
"
1
Ltd
Siscoe Gold Mines Ltd
Sullivan
50
Dredging Ltd—1
Mines
Mines
Gold
%.21
Mines Ltd———*
Gold
Pickle Crow Gold
Sherritt-Gordon
1.21
1
Jan
100
1,100
1.21
—
Apr
1.18
85c
24c
2%c
2%c
Mines——__i:
Nickel-—
Jan
1.33
Feb
Feb
6c
85c
5
Ltd
Red
O'Brien
Apr
52c
V
24c
__
1
Mines
Mines
Jan
19c
Mar
2c
Feb
4c
Jan
48c
2c
1
Ltd—
Jan
48c
__
—:
1
Ltd—
Mines
82c.
Apr
*3.05 Apr
1.85
Feb
Ltd
42c
45c
4,510
38c
Jan
45c
1
80c
80c
5,500
68c
Jan
80c
Apr
—1
Ltd
Ltd
Mines
2.90
3.00
350
1.90
Jan
3.15
Apr
4.75
4.80
200
3.60
Jan
4.90
Apr
lc
lc
3,000
4c
Jan
22%
22%
30c
30c
200
3.25
3.30
700
3%c
3%c
2,000
25
25%
90
—1
Ltd-
_1.00
Apr
Companies
Feb'
13%
Jan
24
Feb
29
Apr
Home
32%
Feb
39%
Apr
Homestead
1,255
16% Mar
18 Va
Jan
10% Mar
11%
59%
Jan
70%
-66%
Jan
76
6%
Feb
22%
Apr
22V4 Apr
30c
Jan
40c
Jan
3.50 Mar
Feb
Apr
231
10
.
Apr
280
>
Jan
225
*
Royalite Oil Co Ltd——
45
50
175
100
2.713
4%" Jan
48
2%
Mar
Jan
7%
Co
Ltd
—
Ltd
Co
Oil
&
*
Gas
1
Ltd
—*
Apr
__
25
2.66
3c
Jan
21%
Jan
5c
Feb
25% Apr
Exchange
Jan
Canadian
Funds
April 10 to April Hi both inclusive, compiled from official sales lists
3%
Feb
3%
208
Feb
3%
Feb
1,000
21
Jan
42%
Feb
85
30
65
Feb
85
Apr
13
13
50
13
Jan
13%
Feb
1?0
10
128
Mar
130
Apr
160
160
122
147
Jan
160
Mar
5
223
Jan
253%
Apr
Aluminium
100
132
Jan
141
Apr
Aluminum
2%
3.25
Toronto Stock
Apr
6
51
Oil
41%
140
%c Mar
.'v:"
Oil
11%
3
140
lc
Oils—
Canadian
Dalhousie Oil
33
253% 253%
100
of Canada
footnotes
3%
1,750
.
6
18%
48
__
1
Gold
Mines
Leiteh Gold
Friday
Last
STOCKS—
Sale Price
.
Par
Acme
(Bank
6
__
•
*
——_1
Mines
Gold
Joliet-Quebec
Abitibi
Scotia
5%
„
Ltd—.— *
Ltd
Mines
Gold
Francoeur
130
13
Mines
Cadillac
Feb
Banks—
Montreal
Jan
95
pfd—100
Canada
Bidgood Kirk Gold Mines Ltd.'——1
Canadian
85
3%
41
100
Banque Canadienne Nationale—
Nova
Feb
45% Mar
Feb
27
•
...
Preferred
Woods
92
29 V:
*
"B"
Apr
12%
;—*
Winnipeg Electric class A
Class
90
12%
*
common
Cotton——
20
440
—-25
Steel
Wabasso
90
1,455
.*
common
City Rapid Transit
Feb
*
Preferred
Twin
21
2%
100
._
Power—:
Canada
Jan
*
Paper preferred
Canada
Jan
20
2
—50
Sliawinigan Water & Power.
Southern
6
50
90
90
50
12
Mills common.,—*
Flour
7%
21
2%
*
common
preferred
Lawrence
St.
7%
—25
Paper
5%
16%
30
'
Waite
'
Rolland
46
355
47
Mines—
Red
50
21
common———*
Preferred
■
6
18%
47
15
Aldermac Copper Corp Ltd.
Feb
'
Knitting
Regent
•
6
17%
*
Ontario
22%
—_—_*
of Canada
Corp
Price
Products
Aircraft
Car
Penmans
Power
46%
25
*
Ogilvie Flour Mills common—
Ottawa
17% Mar
Apr
—*
common
Car
17V4 Mar
Jan
__
$1 preferred
Macassa
National
Jan
14%
Jan
55
25
Jan
8
/
Apr
9%
25
7%
7%
24%
25
Montreal
Montreal
I6V2
—
__*
Fuel preferred A.——
Walksr-Gooderham <fc Worts com
Eldorado
*
— _ _——_—■
McColl-Frontenac Oil
10
930
5%
common
Apr \
17%
16%
—
Co—
■
17V4
18%
pfd—__100
pfd—100
4%
11
Apr
Jan
18%
common—0
—
700
1,465
16%
__
16%
.*
United
*
7%
com—•
preferred
—
—-25
Lindsay (C W) common,———*
Preferred
—100
Massey-Harr Is
8%
16%
Jan
225
7
13%
__
pfd_100
—
Apr
Jan
20%
1st
Ltd
Apr
7%
30c
25
__
—
Jan
Jan
50
*
Light & Power 6%
3%
15c
502
*
Manufacturing 7%
11%.
Ltd
Legate
Apr
60c
20%
;
Ltd
Mar
15%
10
Ltd
Ltd—
Power
134i
(John A)————*
_3
Ltd
Secord
Laura
16
Jan
Feb
19 %
_100
Aunor Gold Mines Ltd
the
30c
Apr
15Va
19%
prcferretL^lO
5%
Paton
Provincial
11
100
of
12%
280
Apr
23
'
20%
common——*
7r/<
Co
Aviation
Page-Hersey
13
Preferred
Lake
1,000
13%
__
__
Tel
Nova Scotia
7%
—
International
220
30c
692
•
5
—-
*
Paper
Corporation
13%
of Canada
International
7%
25c
—
A——.*
—
1
11%
—
common—
—
16
60c
7%
__
Feb
£1
•
International Nickel
15
60c
—
GOc
—1
—
Groceterias
Class
*
common—5
Can
——
Apr
Feb
22'%
—__■>
10
29%
3%
22%
*
—
5
*
Jan
4%
'
Feb
21% Mar
v
•
A—
Colliers
30
6%
Mining
2%
Mar
6
Jan
*
common
5
13
14
Apr
27
j
Jan
—
—5.00
Ltd
Ltd
30
*
33
Jan
Jan
5%
1.45
__100
Mar
preferred—100
7%
Jan
common
Apr
4.%
,
Companies.
Voting
Apr
8%
125
9
—
3%
*
Paper Co Ltd
Fan-child Aircraft Limited
Apr
650
3,093
106
Puper
Jan
Apr
45%
13%
6%
6%
3
Feb
Jan
Donnacona
3
*
5
Feb
2,320
10% Mar
30%
1.25
5%
Apr
8
33%
Apr
Co
—±
300
*
6%
Feb
Jan
12
Jan
37%
125
6%
151
Feb
8
4%
Feb
9%
8%
100
__
Preferred
3%
6
2
12%
7%
Pieferred
Apr
9%
common—_—_*
Oil Ltd—,
Tobacco of
Imperial
3%
3%
Jan
100
Jan
16%
Preferred—.
Imperial
8
3% Mar
Jan
7%
common..
Bridge
Bay
6%
8
2%
9%
"
9
*
Hollinger Gold Mines
Hudson
6%
__
2% Mar
Jan
12
4
*
„
Smith
Feb
13% Apr
710
3
0
common
Preferred
45
Jan
100
2%
22
4
Gypsum, Lime & Alabastine.
Howard
Jan
12'
13%
2%
Apr
24%
Linol
Massey-Harris Co Ltd
Hamilton
39Va
44
13%
2.50
Preferred A
Steel
20
42%
~
2%
common—♦
*
:
(Charlesi
Apr
7%
25
&
Woollens
*
Heating Prod
Electric class A
Preferred
77
725
205
l'40
B
Gurd
Jan
315
Loblaw
General
Jan
25%
33
27
•
Power
3%
1.897
27
30
Dairies
Gatineau
4,557
77
Fannj-Farmer Candy Shops——1
Dryden Paper
of
7%
45%
4%
on
_
Co
4%
69
4%
Apr
*
Tan
7%'
25%
Mar
common—*
Apr
ApJ
26%
33%
common——
4
33
28%
9%
Jan
27
Jan
25
2%
Engineering Works Ltd—*
Mar
Coal B—
16
2
25
I68
Feb
Jan
Oilcloth
27 %
Ltd.—_—•„—*
Mar
Feb
14%
85c
Dominion
26
Textile
Foundation
44
Mar
Dominion
150
Tar & Chemical
Class
^
163
169
Domin
715
Dominion
English
10
21/2
Anr
Jan
Jan
28
13%
162
16
21/4
Apr
39% Mar
18%
Apr
421
125
10
163
16
—5
—___——
148
Feb
2%
Jan
15% Mar W
20
163
*
Consolidated Div Sec preferred
Consolidated Paper Corp Ltd
27%
Jan
Feb
32%
33%
Dominion
Enamel
163
1.45 Jan
75
525
159
~
90
108
5
760
13%
1,185
36
Tan
Jan
J06
Feb
27%
•
2%
85
1071/2 Jan
Jan
31%
25
50
18%
Jan
Ian
20
108
17
__
10% Mar
19% Feb
7^
89
21/4
—100
Westinghouse Co Ltd___
8 V4 Mar
17% Mar
205
19
Mar
10,504
10%
45
100
181/4
35^
^
*
Apr
20% Mar
17% Mar
30
,
Jan
6%
Jan
601
39
3%
10% Mar
Apr
l<™
18
9%
39
__
1
pfd
.
Eastern
9%
18
5
3%
25
610
27%
—
201/2
Feb
104%
112
105
4%
33 %
__:
&
20
ig
.
10
Feb
,
32%
105
'
Feb
1,420
120% 121
5'fr
8% Apr
9% Jan
6%
18%
CommV,SldA^0>d,TtST?^ common—"
Pfd-"T-15
Alcohols Ltd
Jan
22%
.___*
Dominion Bridge
Dominion Coal preferred—.
Glass
31
121
'
common————_•
Distillers Seagrams
Dominion
172
93«
181/4
,
Commercial
_
com—*
—
9'-'a
__
—100
Co_j——100
Paper
cumulative preferred
Canadian
Apr
*
preferred—_—_ 100
Canadian Industrial Alcohol
97/«
6%
20
0
*
Apr
33
100
—.
Canadian Converters Co Ltd———100
Canadian
2%
35^
'
Rights
125
__
Canadian Diedge & Dock Co_——___.*
Canadian Industries Ltd class B__—*
rJ»QHp«n Light & Power
i!Si"'o
17% Feb
160
2%
t*
Canadian
5% Jan
12% Feb
16%
2%
9%
*
M
1.00 Jan
16%
Cop 7^ pfd—100
89
87
CaJndffl^ Bvp^SR ?
"Pfd
100
—
108
Til? W 68 Ud common~—2%
Feb
32
518
10
Apr
33
*
.
35
5%
9
,
Jan
97
Feb
20
150
1,758
32%
25
common.—
6%
12%
Jan
92
40
6%
34%
10
•
preferred
Celanese
20
11%
*
Foundry common
participating
6%
12
50
common
Canadian Car &
Canadian
170
13
5%
•
Canadian Bronze
Apr
15
97
A
22%
V- 26%
13
——100
Canada
Jan
Jan
14%
•
Canada
14%
23 Va
:
———*
High
65c Jan
—
Canada North Power
7
common--—---'
North. Power Corp
Steamship common—
preferred
1,480
Low
Feb
24 %
22%
*
Preferred
—*
Ltd
.*
Corp A_
500
2%
r
CofrpvLtd
*
of Vancouver—5
BBritfshArninmi? °p ?°
British Columbia Packers
90c
8• 7% ^8%
}JJ
Paper class B
Distillers
80c
Range Since January 1
High
-
r—"—100
_*
&
Feb
Shares
Loio
COmmon
—
for Week
of Prices
'''Par
7.
Power
Dredging—_______—5.00
Canada Cement.
7%
113 '
125
Mills—
Gold
5 %
Feb
101%
•
Building Products A—
Canada
9
14..:
v..
Sales
Range
Sale Trice
?UnnByTerliS'
S?
?nr
ar
Canada Malting Co Ltd-—
P
Columbia
Bulolo
8%
111
10
High
■.
Jan
SIOCKS—
*
T L &
Class B
Bruck
113
llVa
20
127
*
Canada..
:'
13%
113
VVQ'V-
•
&
Telephone Co
Brazilian
British
113
Range Since January 1
High
13%
Week's
Last
Shares
'
Agnew-Surpass
Friday
for Week
Range
Sale Price
Canadian Funds
■
April 10 to April 16 both inclusive, compiled from official sales lists
Sales
Week's
Friday
Ajax
Power
Gas
&
&
Paper
6
Copper
Ltd
Co.
0
0
Canada
Low
8%
Sales
for Week
Shares
High
7%
8%
8c
8c
9%c
1.500
20c
25c
9,400
2,545
Range Since January 1
Low
High
8 %
5
Jan
6c
Jan
17c
Mar
Jan
25c
Apr
20c
Feb
13 %c
9c
Jan
Apr
5 9c
13 %c
12c
14c
25,199
0
Corp__.
common-
of
Range
25c
pfd —-100
Oil
Oil & Gas Co.—
Aldermac
Week's
of Prices
127
126%
128
570
106
Jan
133 % Mar
pfd._100
101%
101 101%
202
101
Feb
102%
Feb
THE COMMERCIAL &
1450
Monday, April 19, 1943
FINANCIAL CHRONICLE
CANADIAN MARKETS
-
-
Listed and Unlisted
Last
of Prices
Sale Price
Par
Anglo Canadian
■59c
w
4.05
——_*
Anglo-Huronian
———9
—*
Aquarius
—.
————
Gold
Armistice
Astoria
Aunor
Gold
of
of
Toronto——;—
Base
50
Mining-—-.——.—-.—.-—*
Metals
243
23
9c
.—100
__
Apr
50c
Apr
53c
Apr
9c
1,35
Jan
2.04
Apr
8%c
Jan
15c
Jan
4c
Apr
8,000
4%c
23
2
10V# 10'A
*
1.48
1.46 1.55
Canada Bread common
————*
4%
4
4%
Canada Cement common
——*
5% % 4%
5%
Canada Malting Co Ltd—9
-39l/4 39%
Can Permanent Mortgage——
100
13G
136 136 %
Canada Steamship
common——-—*
12%
11% 12'/4
Preferred
--—.—50
35'%
34% 35%
Canada Wire & Cable class A
——*
—
61% 61%
Canadian Bakeries common-,———-*
4
4
4
Preferred
——-100
76
76
Canadian Bank of Commerce—-100
134
132%
135
Canadian Breweries common
i.—*
2% ¥ 2%
2%
Canadian canners common
—1
8
8
5%
1st preferred———-——20
21
21,;;
21
Convertible preferred
—9
10%
10%
11
Canadian Car & F'dry Co Ltd com——9
9%
10
Preferred
-—.■
—-—25
—
28% 29%
Canadian Celanese common
—*
33
32% 33%
Preferred —————9.
13b
135
Canadian Dredge
*
18
17
18
Can.
Industrial Alcohol class "A"-—9
4%
4%
4%
Canadian Locomotive Co Ltd..———9
16%
14
17
Canadian Malartic Gold—
*
45c
45c
48c
Canadian Oil Companies common
9
—
21
22
Preferred
———.100
128
128
128
Canadian Pacific Ry_„-—
•
26
11%
10% 11%
Canadian Wallpaper class B
—
12
12
12
Canadian Wirebound Boxes class A—9
'
16% 16%
Cariboo Gold Quartz Mining Co———1
__
1.30 1.30
Central Pat Gold Mines
—
1
1.22
1.22 1.28
Central Porcupine Mines.,
—1
—
10c
11c
Chesterville Larder Lake Gold Mines—1
79c
77c
80c
Cochenour Willans Gold Mines—
1
95c
95c
97c
CocKshutt Plow Co_
.——*
10%
10 10%
Commonwealth
Petroleum..—-—-—-9
25c
25c
25c
Coniaurum
Mines
;—-—-----*
1.07
1.05 1.10
Consolidated Bakeries of Canada——9
11%
11% 11%
Consolidated Smelting
—_5
44%
44
45
Consumers Gas (Toronto)—
—100
129
125
129
Cosmos Imperial Mills—._———*
■—
24 % 24%
Mar
15
Feb
20,600
10c
Jan
19c
Jan
2,450
71c
Jan
85c
Mar
140%
Jan
70c
Apr
9%c Jan
662
1,000
67,250
s;":
Co—-——100
Mines
Dome
__
__
:
,
33
24
155
*—■-*
——
Bank
——-——100
Dominion Foundries & Steel com_;
*
Dominion Steel class B—
—-_25
Dominion
Stores
Dominion
Dom
9
—
—20
—
8c
9
1
9
1
12c
1.23
80c
10 %c
1.23
15
80c
12c
1.34
15
84c
Insurance.——.——25
Equitable Life
5%
5%
5%
9
3.65
Nickel Mines——
Fanny Fanner Candy Shops
Federal Kirkland
Mining Co
Falconbridge
Ford
__
—1
'
of Canada class
3.b5 3.70
22 22 %
3c
3c
4%
5%
22%
23
21 %c
25c
9
9%
4c
4c
20c
21c
10c
12c
2%c 2%c
4c 4%c
.
'
1
Ltd———————9
Aircraft
Co
47a
22%
A———*
Gold Mines--...——-—9
Steel Wares-.—
—9
Gillies Lake-Porcupine Gold Mlhes.i-J
God's Lake Mines Ltd—__—.
Goldale Mines Ltd—..._ —
-.1
Francoeur
9%
General
Gate
Golden
Preferred
Co
v.
t, common..*
Halliwell
Hailnor
Mines: Ltd
.
Bridge
Hamilton
common——1
Hard Rock Gold Mines
1
Highwood-Scarcee Oils
4
Hinde & Dauch Paper.—-———*
Hollinger Consolidated Gold Mines
5
—•
Oil
Home
Homestead
Dew
Howey
Gold
46c
48c
,
12c>
12c
14%
10%
14%
11
3.25
3c
3.30
Gas
_1
——9
1
25
♦
29%
Smelting
Bay Mining &
Hudson
__
Ltd——
Mines
Oil &
Honey
4%c
6
2.00
—
Theatres
Hamilton
53%
4
17%
13c
13c
5%
5%
3%c 3%c
4'Ac
5c
3.25 3.25
5%
6%
1.95
2.00
5%
1
Gold Mines..—————l iiMines
1
Swayze
83
3%
16'%
__
—'*
Alabastine—
Lime &
Gypsum
Halcrow
.1
l%c
53%
,
17%
preferred
Gold Mines Ltd
t.
V.
82
....
—50 % 53%
—
Great Lakes Paper
Gunnar
]%c
Rubber common.—9
&
Tire
Goodyear
...
Co...1
Mining
Goodfish
,
.—1
——1
Mines
—
Mining—.—
Eagle
Gold
30
30
17c
18c
4%c 4%c
31 33:%
24 24%
153
155
22% 22%
9
9%
7%
8%
4%
4%
12 12%
7%c
Crest
Fleet
2
7%c
Oil—..
Eastern Malartic Mines..
Eastern Steel
Products Ltd
Eldorado Gold Mines
East
37
—1
Mining Co
Duquesne
8%
4%
12% >;
Worsteds Ltd com__*
Woollens &
Preferred
--
37
2
2
__
'
29 %
60
6
Apr
12c
Mar
19 %c
Apr
290
7.40
Jan
9.85
Apr
14%
Jan
22 %
1.187
17%
Jan
20%
Apr
Jan
10
17%
Apr
19 %
23%
Jan
27
Feb
48,500
19%
Jan
30
46c
Jan
62c
Apr
5,000
4%e
Jan
13c
1.60
Jan
2.55
Apr
Jan
6 %c
Feb
3%c
1,000
15%
Apr
9%
Feb
10% Mav
1.15 Jan
l.bl Feb
4,500
3
4 'A
Apr
Jan
5%
Jan
1,405
8%
Jan
12%
215
31%
Jan
35% Mar
59
Jan
65
Mar
Jan
4
Apr
Feb
Mar
80
2%
200
25
66
Jan
80
86
129
Jan
140
Jan
1.35
710
2%
Apr
155
b
Jan
9
Feb
250
19
Jan
22
Apr
216
10%
Jan
12
Feb
7% Mar
155
27% Mar
29 Va
Apr
Jan
33'%
Apr
27%
195
10
>
133
Feb
137
Feb
750
15
Jan
.¥ 18
Feb
10
269
Jan
Apr
Mar
56c
Feb
15
255
Jan
22
Api-
Jan
128
Apr
Feb
12
Api-
112
7%
14,798
10
5
17
36c
7.400
20
Jan
Jan
3%
110
12
Apr
16%
19 1
1.35
Feb
Jan
1.34
6,525
18,003
7%c
Jan
11c
65c
Jan
89c
Jan
Jan
27e
5,700
85c
Jan
9%
1,500
9 %
37%
11%
Jan
712
1.20 Mar
Jan
123
Jan
Apr
Riverside
21
Feb
25
Apr
Roche
55
33
Jan
37%
Apr
15
23c
10c
3%c Mar
1,190
25%
Jan
i
1,155
18%
Jan
21
142%
Jan
156%
Feb
Jan
1,228
8% Mar
10"A
Jan
1.590
5%
Jan
8%
Feb
615
2%
Jan
565
8%
Jan
125
6,500
39,800
33,775
20
5.775
190
1,110
226
3,000
20%
4c
Jan
10c
Jan
14c
Feb
80c
Jan
2%c
Jan
3.000
20c
Jan
210
8.403
Jan
¥■ 3c
12Vac Jan
common——*
Nickel
International
Petroleum—
Jack
Waite
Jason
;
1
Mining.
For
37%
18'4
7c
.
7c
footnotes
Mines
see
page
1451.
Apt-
4c
Apr
29%c Mar
Mar
.13 V8c
Feb
Jan
3 'Ac
Feb
5.500
3c
Jan
6%c
Feb
Oil
•
Rock Iron Mines--—
Straw Lake Beach Gold Mines
Stuart
Oil
preferred
River Gold
Sudbury Basin Mines
Sturgeon
Feb
Feb
Tip
3c
Apr
3 %c
Apr
4c
Top Tailors
—
Feb
7c
Feb
Toronto General
425
2.50
Jan
3.40
Feb
Towagmac
2,400
4%
Jan
6'A
Apr
Twin- City
2.00
Apr
Union
58c
Jan
United
Gas
class
Corp
12c
1,200
10c
Jan
17c
Feb
14
Mar
15
A pi¬
United
ll'A
Apr
United Steel
3.35
3%c
6.776
5,940
2.65
Jan
4,000
3c
Feb
Upper Canada Mines
Ventures, Ltd,
Vermilata
3.50 Mar
Jan
5%c
Oils
Jan
25%
Apr
21c
Mar
26%
Jan
32% Mar
Waite-Amulet
30
60
11
2,215
Jan
65
Mar
Walker-Gooderham
204
8%
Apr
II
Apr
13%
11%
4.591
11%
Jan
14%
Apr
Mar
12%
Feb
7'%
Apr
55
280
10
Feb
Vulcan
—
,
——
Pommon—
Ltd
1
Apr
1,657
33
Jan
39%
Apt-
1.710
17
Jan
19'A
Apr
York
Jan
10c
Feb
4.75
Jan
Jan
21%
Uchi 6 ,'r
-
—.9
common
.
Mar
6.35 Mar
Jan
Feb
111
Apr
7%c
Apr
11 %c
Jan
4%c
Jan
23,700
—w-—-
.
Feb
19c
Feb
Fee
9c
88 %
Jan
84c
3c
2%c
15,208
57c
Jan
92c
Apr
1,000
3c
Apr
4c
Jan
1,500
2c
Jan
4%c
20c 21'Ac
92'Ac 1.00
26,200
16c
Mar
17,000
85c
Mar
97
81c
3c
2!Ac
80';
'
1.70
6,265
1.85
1.95
2,250
54c
900
7
7'A
30
'
89c
7'A
1.85
21c
21c
35c
38c
30
Apr
Jan
Jan
58c
Jan
4
Jan
73\ Mar
Jan
2.25 Mar
1.72
13,150
1.000
20c
31c
8%. Feb
91 %c
Jan
30
Apr
yi; 25C
if; 44c
Mar
5.085
A
1.90 Feb
2.10
65c
Mar
6
105
1.95
Jan
52c
3,500
7
83c
Feb
Jan
1.05
Jan
1.25
Apr
23c
1.63 Mar
1.70
Feb
Jan
30
Apr
Apr
fj,*
30
25
9c
8,757
Feb
9%c
Apr
24
25
205
22
Jan
25
Apr
3 %C
500
3'Ac
Jan
4'Ac
140
1!)
7c
'
24
25
8ft
21'A
17%
40
15
Jan
152
Jan
175
175
36
3c
3%e
9,200
12%
13
125
2.95
3.20
32,240
3c
3c
500
20c 20'.Ac
18
18
1.00 1.03
86%c-92%c
3,500
_x
3.10
3c
•
__
92'Ac
8'A
7
.
8V2
7
95%
96
41'Ac 43'Ac
__
38c
39c
2c
l%c 2'Ac
4%c
4'Ac 4%c
16
16
16
1.40
1.40 1.40
—
8
8
—
4'A
4%
74
68
74
__
74 75'A
1.76
1.70 1.82
96.
41 %c
.
l'Ac I'Ac
12
32
11'Ac 11 %c
1.85 1.95
—
12
'
:
—'
—
0%
22
9
34
33%
5'A .:»•;„•¥ 5
..
.
11'Ac
23c
4.75
—
4.75
53
20'A
'
50
23c
—
82%
13
*
140
3,70
—
.
6
r
20'A
23c
4'A
76
' 13
99
9
34
12c
24c
4.85
53
20'A
23c
5
86%
14'A
99
33
3.70
40
3.90
8%c
.6
8%c
6
40
40'A
Feb
Feb
3.25
30c
16% Mar
Jan
18%
Mar
18c
Apr
7: 4%c Mar
2%c Jan
Jan
1.05 Jan
2,000
85c
Jan
V 67c
Jan
1.01
Feb
Jan
6.80
Feb
Mar
8%
Feb
5.75
145
8
385
7% Mar
9%
Jan
86%
Jan
2,675
38c
Mar
45%cApr
3,600
29c
Jan
45c
% ■;'%. 7;
:,;i
268
3 %c
220
,
7c
Jan
16
9
Jan
7
4%
4'A Mar
15
63
66
120
Jan
Feb
Mar
Feb
Jan
Jan
74
Apr
Jan
59%
76%
Apr
2.14 Mar
1.51 Jan
31,910
Apr
Jan
1.75 Feb
A 1.00 Apr
50
Jan
1 %c Mar
12
Feb
12
Feb
10c
Jan
13c
Apr
lc
500
5
500
1 46
4,492
2.10 Mar
Jan
G5c
5
Jan
82c
65
7,950
■Ay-
3'Ac
Jan
10
3,500
125
96
l'Ac Mar
38,000
Feb
78
Apr
Apr
1,785
1.28
Jan
1,6.8
322
10%
Jan
12
7,125
1.85
Jan
3.20
Apr
1.60
Apr
90c
6,140
Jan
25
6
Mar
10
102
75
12'Ac 12'Ac
7'A
9'A
J-
>
102
73
1.60
6c
13%
Jan
16.927
6.80. 6.80
v
Apr
Jan
1.86
11
Apr
17% Apr
170
Mar
2c
12
.
Feb
'Jan
25%
Jan
17'A
3'ic
<_-J.
142
Jan
134
100
btf
J an
7%
Mar
55
;
'
/
Apr
18c
12c
J an
6
Apr
9 %
6
Jan
7%
58
10
Mar
7%
95
32%
Jan
5,750
4'A
Jan
10,000
-1,422
23
Feb
Apr
Feb
Mar
9% Mar
37
Feb
6
Apr
Jan
95c
4.40
1,500
9'Ac
2,000
20c
3,958
Jan
Feb
Apr
75
829
220
Apr
Mar
102
385
1,100
1.28
Feb
Jan
6.00
Feb
Jan
15c
Jan
Mar
36c
Feb
Jan
4.95 Mar
Jan
54
Apr
19
Apr
3.40
565
47
339
Jan
20%
19c
Jan
24c
Feb
454
3
Jan
5
Apr
2,118
40
Jan
87
Apr
425
12
Feb
14%
Apr
10
94
Jan
99
1,020
20
Jan
43%
Feb
2.50 Jan
4.20
Apr
Mar
9%e
Jan
4,050
4,380
500
.
16
8c
5% Mai"
,
1
65c
98
VV
5.65
97
13c
Jan
8'Ac
148,800
*
Jan
8,050
38c
104%
30
112
90
4,200
Jan
2,700
5%
1.12 1.20
5.60 ,5.65
20
17c
Jan
73c
5,200
7
Electric preferred -X—x—100
Wright-Hargreaves Mines
9
Ymir Yankee Girl Gold-———'—9
,
28c
53c
23
Winnipeg
Bonds—
Apr
Mar
16c 16%c
105 105%
7%c
9c
5c 53Ac
?
—
Mar
—
Knitting
20c
61c
50e
17Vn
—*
x
100
A.x9
,——100
Preferred
Feb
2,000
8,525
20c
68c
24%
com-—9
*
Worts
&
Apr
Apr
1.04
140
>
—
1.19
49%
Jan
1.05
13.365
20c
II'Ac
Preferred
Preferred
85c
65c
1
Mines,- Ltd
Jan
Jan
75c
1,250
81c
65c
53c
,
..4
Wendigo Gold Mines-——;
Western Canada Flour commonWestons
47 %
Jan
50c
.1
40
800
1.14
46
V
;(7
9
—_—50
*
Ltd..-—
Oils
5,500
1.14
Apr
Apr
8'flC
—
Ltd
34c
27 %
3%c
99
6.10
38 Vic
1,85
Jan
16c
Apr
39c
7%
90
5.95
Apr
145
54c
130
17c
51
Jan
__
35
6.00
Jan
125
; ■
15
6c
Jan
38
25
84c
Jan
3,663
25 %
87
145
95
Mar
Apr
150
50
145
5c
10%
%
7%
27 %
48
:
8c;f
9
——
—x
Jan
20
27%
1
A—,
Fuel Invest class A-x
17%c
22
% Mar
—.
———r_x———
B
Class
800
515
8
..100
—
Exploration Co—^
.1
Rapid Transit common—.9
Co of Canada..
*
50c
Jan
7%
Jan
,
A—x—100
Trusts
Apr
6
'
'
-rj-r
Preferred
Jan
Apr
-—100
Texas Canadian
5%
Jan
190-
:
6%
Teck-Hughes Gold Mines
Oil Corp.-—
17c
Apr
47%
Mar
6%
Apr
common
27
182
6%
(Ltd)
70
; 44 V2
593
5
Tamblyn
18
198
common„-X—lx-—x.9
Apr
Mar
24% Jan
65
47
o-x.
12
3.00
4
Feb
70
25
Feb
180
Jan
1.22
20c
;
,—,.100
Ltd
Mines,
Jan
;
12
2.90
1.35
Feb
8.50
69
12
2.99
1.45
3%
305
Feb
—*
—1
44
Mar
37 %c
1.60
Gold
1.20 Mar
Mar
Jan
1,55
Svlvanite
1,050
27c
28c
1.55
Mar
19,000
Feb
8,500
1
55
Jan
Mar
22c
78
Jan
5
6
400
82c
51%
14%
4
Feb
500
78
45
ll%c
Mar
1,875
80c
Hosiery preferred-
49
Jan
18c
25c
—,
Sullivan
1,800
:7c
5%
80c
Mines.—
Cons
99c
Apr
Jan
1.61
1.95
Supersilk
Feb
Jan°
5c
11c
7,350
30'AC 31 VaC
—_*
1
Apr
83c
1,000
9,200
x
25c
5%,
11'Ac
Apr
Apr
1.55
.
MinesxA-——1
I %c
Mar
56
30
—25
-*
*
9
Steep
100
Jan
•'
Canada common——
of
Co
Preferred
83
6.000
5c
14c 14'Ac
83c
100
i
Sladen-Malartic Mines
-1
Slave Lake Gold Mines
1
South End Petroleum
;
*
Standard Chemical Co Ltd.i-X-,.-——9
Standard Paving & Materials com—9
Preferred
:
i9
Standard Radio
-9
Steel
93c
Jan
47
10
'»
__
—
Feb
v
88c
A 47:,
—9
Mines--.
Gold
Siscoe
54
Feb
92%
vax-v: 5
99
54
Apr
7%
Jan
6
250
.i.x
%
99
:
,
———.-
B_
Simpsons Ltd class
Preferred /—•-•„
40c
14%
11%
preferred.
Dairies
Siiverwoods
6
Apr
Mar
17
188
-1
;
Jan
685
fa
*
Water & Power__:
62
lc
Jan
7%
47 %
Creek
25
1,000
1
Gold
Feb
9^8
2c
1
Mines
Kerr-Addison
1•
32c
41
10c
10,000
..100
Class A preferred.——
International
Apr
3,000
15%
98
97
37%
18%
7c
%_
Apr
3,500
12
98
97
36%
17%
15%
23
Feb
8
Feb
100
5 Va
Jan
19%
7
A——*
4'AC Mar
Jan
3'A
1.295
Feb
Feb
23
1,455
14'A
16% ; 16 Va
16%
:•/•
188
—
3.75
Mar
21
Jan
Feb
6
Jan
Apr
Apr
1.20
Apr
4%
3.10
26
:
15
Jan
80
common
1.35
Feb
1.09
12
Apr
Jan
46%
—100
—*
Sigma Mines
Mar
4%c
1.360
6,000
Apr
8%
Jan
5%
•
138 ?■
, :
Gold Mines
i__'_—„50c
Sherritt-Gordon Gold Mines-.———1
Feb
6
12%
Jan
1,936
47%%
-—
Shawinigan
Sheep
4%
10%
7%
25
•———
Apr
23 Va
.1,110
Metal
Apr
25'%
7%
Preferred
Apr
Apr
.
common.--—10
Preferred
100
St Anthony Gold Mines Ltd —
-1
St Lawrence Corp class A.. —— — 50
San Antonio Gold Mines Ltd
-1.
Sand River Gold Mines---———1
Senator Rouyn, Ltd——_—x_
1
Apr
7
7 Va
31c
Industries
Russell
Feb
4%c
33%
Jan
7,400
1,000
Apr
8
Gold Mines— — — 1
Lac
Long
Royalite
Apr
30
Feb
25
7
6,891
30
Royal Bank of Canada
2.00 Mar
Feb
1.50
♦
6% Mar
10,815
Gold
50
100
Jan
5c
Estate
Reno
Apr
4 %
7
Loan...
.——..100
Mines—X——-——1
Si.k
—— 9
Real
32
"30c
International
Apr
45 % Mar
129
Feb
9,000
vA'-Vvv 1
8%
21c
35c
:
Apr
2.09
16%
—
-•
1
1
Mines—
1.26
Jan
70c
67a
1
-1
Dome
Apr
13 %
54
C—
Mining Corp——
'
—:
Apr
1.84
2c
7
■
—
Queenston
3.40
1.51 Mar
6%
6 'A
:V..V
Gold
Quebec
Feb
Feb
Jan
2.30
6%
1
1
East
Preston
11'A Mar
20c
855
19%
1%C
—.
:
,
%c
—9
•
21'A
Apr
2'Ac
-1
Metals
Feb
18
Jan
5
Mining—-—..
Gold
Premier
19%
365
Apr
99c
1.70
1.80
Pressed
Mar
98c
Jan
75c
1,000
30c
—.1
Power
Feb
10,800
1
Powell
Jan
Jan
390
1.6G
1
_1
-_1
Rouyn Gold Mines-.— 1
Corp of Canada————*
Mines of B
1.00
16,800
Mines——
Gold
Gold
Mar
68c
27,350
20c
Pioneer
Feb
Mar
85c
.60'Ac Jan
5,425
12,000
1.23
1
Pickle-Crow
Feb
2'Ac
1.80
-*
Normetal Mining Corp Ltda———*
Northern Canada Mines Ltd—
— 9
O'Brien Gold Mines-—1
Okulta
Oils Ltd ——--.:
9
Omega Gold Mines—
— A
Ontario
Loan
50
Ontario Nickel Corp—
—_—1
Pacalta Oils Ltd———————*'
Paymaster Cons Mines Ltd.—;—
Perron
Gold Mines—.———
Feb
10%
Axle
1.10
u
Page-Hersey Tubes Ltd——-—
Pamour Porcupine Mines Ltd—/
Pandora Cadillac Gold Mines,Partanen Malartic Gold Mines Ltd
9'Ac
Jan
Jan
9%
350
3.500
1.70
—100
_•
—
Jan
5c
3,200
3,910
»—•
Mines-
14'A Mar
11,150
— 20
27 %V
Car———49
National Trust Co Ltd----—A—--100
%-v
Negus Mines —
1
——1
38 Vac
Noranda
Apr
1.80
—1
preferred_iL100
Power-—
Nipissing Mines —
14
3.30
v Preferred:-
Apr
10,900
7c
National Steel
Apr
1.00
14
10%
2'Ac
85c
70c71%c
10
2c
80c
—
—
100
55
1.70
A—
1.6O
common
Jan
3.10
1
Natl Grocers common—--
Feb
•
Jan
95c
100
Mar
Jan
^ 11
30
7%
,
Inspiration
Apr
10
665
Corp
54
.18
9
•
^
Apr
Mar.
55
5
3.20
.1.70
1.10
1.70
—20
—*
—100
new
Apr
5.30
Jan
3.65
2,485
A.x
6%c
Light Heat &
Class A,
■'
16
19
Porcupine Mines———
Montreal
Apr
Jan
__
Montreal Knitting
Moore
10%
20%
Mines——1
Mines—
—^*
Gold
Mills
Feb
14%
5.15
995
8%
Oils
Moneta
Feb
140
Jan
124
Model
Apr
71c
16%
7%
16%
6%
99
Corp of Canada
Ltd--
Mining
Feo
12c
Jan
18
Porcupine. Mines—,——5
Red Lake Mines
——1
Graham
Mercury
70c
Apr
48c
20
*
■—
McWatters
Jan
10c
2,300
20
•
common
Preferred
McKenzie
55c
3,000
71c
10
Preferred
Mclntyre
7,000
12c
55c
2c
80c
—_^*
_:
McColl Frontenac Oil common
McVittie
4,700
680-
'
common——9
——
Massey-narris
Feb
39%
Feb
36 %
100
12
Jan
4%
355
1,050
7%
i-reierred
__
Apr
l%c
100
—£1
—
Jan
3c
Mar
13
10
500
Eastern——-
&
Preferred
Feb
2,750
-
Maple Leaf Milling common
Feb
53,150
'
Mines—
Fields
Maple Leaf Gardens Ltd
*
Preferred —
Feb
5
■
Gold
Lake
Gold
Manitoba
Apr
9%c
13%
11%
paid
Malartic
Feb
9%
13
11 %
20 A
Madsen
Apr
Jan
com—..100
100
Imperial Oil
___*
Imperial Tobacco ordinary—
—5
Mortgage Corp
Huron & Erie
Apr
Red
38c
7c
1
1
1
.1
*
Mines,
Macassa
4,700
24 25%
19%cl9'Ac
„
70c
25c
16,289
43,748
._
Pass Coal
Ltd
MacLeod-CocKsr.utt Gold Mines
4%
% 4,203
—
common———,
—9
———:
'——-50
Davies Petroleum
—
*
Denison Nickel Mines Ltd—;————1
Distillers Corp—Seagrams common—9
Apr
152
8c
40
—
Crow's Nest
Feb
Jan
12
—
Dairy Corp
Preferred
Apr
11 %c
8%c
89
—
—
Feb
23
Feb
Mar
66c
14
1
3
Lebel Oro Mines Ltd..1
Leitch Gold Mines, Ltd^
1
Little Long Lac Gold Mines Ltd
Loblaw Groceterias class A
S.
*
Class ■
;
* ■'
Candy
Secord
Laura
40c
35c
*
,Lang & Sons Ltd—
r—
Lapa Cadillac Gold: Mines——
Mar
250
Feb
21
6,200
——
:
234
10
243
23
9'/2c
,
5%c Mar
160
Jan
150
;
Jan
10'VaC
50c
14 Va
4,95
55
.
—
Apr
3,000
—
Sleei Co
Calgary & Edmonton Corp Ltd
9 %c
Jan
26,433
ciass
Burlington
2%c
8b,050
Mar
4c
3"Ac Mar
High
Low
20c
Mines,'--1
Bay
Hudson
Kirkland Lake Gold Mining—66c
Kirkland Townsite
1
Lake Dufault
Mines Ltd.—
1
55c
Lake Shore Mines, Ltd
1
14 %
Lamaque Gold Mines
—
*
—
Landed Bank & Loan Co——100
55
.
47c
1,000
•
Kirk
4.20 Apr
Jan
Feb
51,200
2.04
A——_———12 12%
Bear Exploration & Radium————1
18c
16c
18c
Beattie Gold Mines
————1
75c
' 75c
77c
Bell Telephone of Canada-—100
151
150%
152
Berens River
;
—.
_1
70c
70c
Bidgood Kirkland Gold--1
21c
18c21%c
Blue
Ribbon Corp common ————*
__
6
6
Bohjo Mines Ltd————-.—1-;
1
10c
10c
11c
Bonetal Gold Mines—1
17c
15c 19'Ac
Braiorne
Mines, Ltd
*
—
9.45 9.85
Brazilian Traction Light & Pwr com—*
22 Va
18% 22%
British American Oil
*
20
20 20V*
British Columbia Packers Ltd———*
—
18
18
British Columbia Power class A——25;
25
25
British Dominion Oil--*
27 %
25%
28
Broulan Porcupine Mines, Ltd
—1
57c
57c
62c
Brown Oil Corp
——_9
10'Ac .
9c 10'Ae
Buffalo Ankerite Gold Mines
-*
2.30
2.25 2.35
Buffalo Canadian Gold Mines,-.
*
—
3%c
4c
Building Products Ltd
-*
14%*
14'/a 14%
Bunker Hill Extension Mines————*
2c ■
2c
2c
Power
Bathurst
Feb
65c
Jan
1
3.00
20c
v-
preferred
Bread
Barker's
4c
4%c
47c
30,bUO
9%cl0%c
10'Ac
Mines
————-.1
Cons Mines Ltd.,—x;
-1
Montreal
—
—
.-100
Bank
1.80
2.400
¥'■: 1.048
1
Range Since January
High
Low
Par
High
Lota
53c
3l/2C 3%c
be 9%c
8%c
1.95
Bank
Bagamac
Bunktield
60c
4.15
47c
50c
—
Ltd————-1
Mines
41c
50c
1
1
Gold Mining Corp.—
Quebec Mines
Ashley
—
—x—
_
Range Since January 1
High
Low
.
Sales
Shares
of Prices
Sale Price
STOCKS—
for Week
Range
Last
■
for Week
Shares
Range
Week's
Friday
'
Sales
Week's
Friday
STOCKS—
$2,300
26
,
Feb
Apr
8
Jan
45
Feb
Volume
THE COMMERCIAL
Number 4169
157
Toronto Stock Exchange-Curb
& FINANCIAL CHRONICLE
1451
Last
STOCKS—
Friday
Week's
-
Last
*
v.-STOCKS—
Mills
Sale Price
Canada
Bud
Canada
Vinegars
Shares
6%
9 V2
8%
2%
1,557
Feb
-10
2 %
Ltd.....:-
Apr
6
25
6V2
9 V\
9%
—1
•
265
••
High
9 '/a
Feb
8V2
Apr
Pcnd
2%
Apr
Thayers
Oreille
Mines
1st
&
Low
High
1.20
Jan
1,133
3
Jan
4
Apr
35
70
Jan
87
Apr
25'A
Jan
30
Apr
1.80
Feb
30
30
110
1.35
5,700
78c
Jan
1.35
Aor
9 %
■'<
1.15
9%
15
8
Feb
9%
Apr
35
35
10
34
Mar
10c
7'Ac
10c
14,900
1.52
1.52
1.65
2,600
20
Metals—1
preferred-—
87
—
Ontario Silknit preference———100
Osisko Lake Mines Ltd
1
Jan
3%
30
1.25
——
Apr
10
Jan
6 %
85c
Co
3%
3%
———♦
Shoe
406
87
•
1.30
Range Since January 1
High
1.25
—
Corrugated Paper Box Co prefcrred_100
Dominion Bridge
■_
___•
Humberstone
Shares
Low
—1/5
Foothills Oil & Gas
Low
High
*8%
*
Range Since January 1
■
6%
Breweries
Marconi
Canadian
for Week
of Prices
Low
Ltd—
Copper Co Ltd
Consolidated Paper Corp—
Sales
Range
par
Silk
Bruck
Coast
for Week
of Prices
Par
.
April 10 to April 10 both inclusive, •compiled from official sales lists
Sales
,
Range
Sale Price
Funds
Canadian
Week's
Friday
Section
20
20
25
„
7'A
35'A Mar
Apr
1.05
19c
Jan
20
Jan
1.74
Mar
■
20
Feb
Mar
OVER-THE-COUNTER MARKETS
Quotations
Par
Aeronautical Securities
Bid
1
Affiliated Fund Inc
Insurance Companies
Ask
7.39
Aetna Casual &
Keystone Custodian Funds-
2.93
3.20
Series
B-l
10
20%
21%
Series
B-2
24.58
27.01
3.05
3,34
Scries
B-3__
16.96
18.62
13.22
14.35
American
10c
Investing.
Foreign
:
5%
6%
Scries
K-l
1
12.43
13.37
Series
K-2
Axe-Houghton Fund Inc
.
;
1
3
A
5
4%
preferred—
6%
Basic
Fund
S-2„
S-3
Series
S-4
16.38
17.88
13.36
■
9.36
Knickerbocker
16.73
Inc__—5
26.49
—1
13.72
6.03
3.00
3.60
*
27.01
29.04
Maryland Fund Inc
1
9.47
10.27
Mass
Loomls Sayles Mut Fund—
*
Loomis Sayles Sec Fund—10
Aetna
36.28
35.48
Ask
134
American
Alliance
32%
of
76%
23
24%
•
5
20%
14%
Fund
Inv
Ltd
Century Shares Trust
Fund
Chemical
com.—100 2.290
Securities
Christiana
2.390
138
143
i—100
Preferred
Consol
Investors
Mutual
..
Re-Insurance
10
5414
Natlon-Wide
(Colo)
1
AA—.
Series
2.24
1
Corporate Trust Shares
2.12
Accumulative series
1
—1
1
mod—
,
.
116
291A
/,.A7%
100
Fund
Delaware
Reserve
10
14'A
American
Surety
__25
54%
56%
2%
Bankers & Shippers
7
25
;
18.61
1.27
A
Stock
1
18.98
20.39
1
11.34
12.18
Fund
1
Fixed
Fund,
Trust Shares
A
1.69
16%
24V8
25%
5
36%
38%
Pacific
41%
43%
Pacific
Indemnity Co
_10
63%
65%
5%
102%
Phoenix
77%
4%
98'A
Fire——
——____.__.10
80%
Federal
Firemen's
of
Franklin
Newark
5
11%
Northern
12%
5
Fire
28
—25
104
42%
44%
10
85%
88%
5
13%
15%
10
34%
36%
Providence-Washington
Reinsurance
45%
18%
6.23
Glens Falls Fire
—_5
42 %
Corp
(NY)
2
5%
6%
r_10
25%
2G%
,.10
23%
25'A
62%
268%
278%
10
46%
10
39 Va
41%
Springfield Fire & Marine—25
48%
17%
122'%
126%
—
44 %
Fire
&
Marine
Republic
Revere
Republic
5
10%
11%
__5
28%
30
10
26
27%
10
American
Fire
95%
98%
44
(Texas)
(Paul)
Paul
St
Globe &
Fire
Fire
&
Marine.
47
Seaboard
Surety
Security New
Haven
Standard Accident
10
Travelers
9.67
Home
6.35
6.99
Homestead
8.35
9.18
8.00
10.13
100
48%
66%
G8%
450
460
11.12
8.93
108
——10
29 %
Hartford Steamboiler Inspect._10
3.55
Amer
Trust
—*
5
Insur Co of North America
28 %
10
Fire
15%
16%
74%
76%
U
39
41'%
Westchester
_10
,
•
1
—
1.96
2.50
1
30
U
S
Fidelity & Guaranty Co„2
31%
33%
4
52 %
54%
10
76%
80%
2.50
33%
35%
U S Fire
S Guarantee—
—20
2.07
7.42
r
10.97
5.06
New York Bank Stocks
6.89
6.52
4'--:, 4
Bid
4—4--;
10c
45c
12.66
10c
5.60
6.30
1
3.51
3.92
(Geo), Fund
Fund,
6.04
6.65
Inc
shares-—.—_—
Building shares—
6.25
Bid
Par
340
Chemical
Bid
Ask
1.400
1,370
12%
34%
35%
17%
—
32%
33%
Companies
Selected
84.94
Income
._2 %
Shares
Irving
48%
50'%
Kings
80'%
84%
i——1
6.66
___•
13.68
14.56
97%
46%
48%
Morgan
New
_10
16%
18
,_20
45%'
58%
61 %
14%
1,250
25
28 »A
31'A
—20
__
43%
45%
_20
common-
52%
54%
_
—100
P)
&
Co
202
212
88
(J
91
York
46%
50
100
—
—
Preferred
100%
10
3.92
6.61
County
Manufacturers
Ask
13%
Lawyers
9.54
Bid
__
100
86.66
8.75
1
Sovereign Investors
Spencer Trask Fund
Par
350
20
6.88
City
Ask
10
Inc_.
Selected Amer Shares—
7.75
,
100
Public National
New York Trust
5.52
7.05
Y._
13.54
Shares
Republic Invest Fund
5.10
5.01
_____
National
37%
of N
50c
l
Putnam
Group Securities—
——
Par
First National
198
190
—100
100
shares
21%
35%
.13.55
4--
Scudder, Stevens. & Clark
shares
Ask
20 %
Par
'4/"4y.
32.29
4.73
Fire—
2.45
1
Quarterly
30.63
Jersey Insurance of N Y
shares
1953
Plymouth Fund Inc
.4.03
Capital Corp—„
General Investors Trust.
38%
Series 1958
4.10
General
5.92
Series 1956.1—
A—_1
—
6.29
—
Series
5.21
Aviation
46%
15%
—12.50
Casualty—5
Continental
5.90
4.59
*
Amer Bond Trust ctfs—
North
21.38
Automobile
34%
44%
Northeastern
18%
12.04
9 98
A;? Series 1955
4.38
Agricultural
32%
5
River
34V4
Hartford
6.74
North
1.86
19.51
Invest
.
Railroad
9.02
10
Shares
Machinery
Railroad equipment
5.84
Inc——2
B
26%
;
17'A
8.12
'
stock.———
Steel
18.01
Fundamental Trust Shares A—'i
Fundamental
Fire
32'a
7.27
.
27%
2
10
2.50
York
10
9.80
8.79
_
—1—
8%
174
;_10
_10
Connecticut General Life
5.35
equipment
Insurance
Casualty
Hampshire Fire—,
North
21%
7.03
Metals
29.71
5.25
!
Inc_
Fund——5
Trust
Trust
New York
20%
10
12.65
Oils
31 Vi
16.72
*
Inc
Industrial
Foundation
27.63
30%
(Massl-5
Equity Corp $3 conv pfd—
Mutual
5
Gibraltar
6,36
l
7%
169
5.97
General Reinsurance Corp—___5
11.74
.
stock-.
Electrical
■
Equitable Invest Corp
Financial
Fire
City of
Amsterdam
20
'
Fund
First
4
8.91
^
2
Fire
New
88 %
5.77
7.20
.
Fund
Fidelity
Camden
10.96
Chemical
v
Balanced
5.70
Building supply.—
5.75
Union
New
4.55
A-
4.10
:
7%
60%
Preferred Accident
6.55
Aviation
3.45
1.16
Howardr—
6.59
Automobile
20.11
5.10
Eaton Ac
6.10
series.
England Fund
Bank
1
1
Agriculture
2.50
-
-
1.32
6%
58%
Liberty
New
8
85%
100
Hanover
Dividend Shares.,—.——__.ti.25c
D
1.20
4
New Brunswick
Baltimore American
3.40
25c
6%
10
National
New York Stocks Inc—
Diversified Trustee Shares—
C
—•
Y
5%
151/4
Great
4.51
1
shares
Preferred stock series
.
112
Cumulative Trust Shares—*
11.02
C
29
preferred
10.25
Low priced bond series—
New
shares—fi.—10
B
ACommon
9.53
10.08
series
Income
Forster Insurance—
&
1
10
Inc
voting shares—
Bond
-
27%
—100
preferred-,.-
A8'A
Crum
2/55
common—10
& Forster
ACrum
20.98
National Investors Corp—
National Security Series—
2.55
AA
Series ACC
4.40
19.51
Securities—
B
Mfrs Fire N
Fire
Fireman's Fd of San Fran——10
3.85
1
Fund—
Fund
series
<Md»
2.12
mod—_
Series
•
2d
Invest
&
National
56%
American
Fire Assn of Phila
35%
33'A
1
Trust—
Investment
Mass
10c
Trust—!
4.68
4.31
1
Commonwealth Invest
Investors
8.50
7.73
u____10c
h
74%
49%
National
American
Boston
Common
71'/»
46%
Merch
15%
Manhattan Bond Fund Inc—
Canadian
10%
21%
2%
Newark
A«k
9%
Maryland Casualty—
l
Massachusetts Bonding——12%
Merchant Fire Assur
5
34%
73%
—10
Equitable
American
Bid
5
56%
10
American
Par
Knickerbocker
139
54%
25
Life
Agricultural
6.67
86.70
15.03
1
4.59
84.97
Fund
15.56
10.38
4.14
Bid
_10
10
25.30
12.62
_
24.50
Ltd
Fund
9.74
23.03
——5
Inc—.
Broad Street Invest Co
Bullock
■
3.51
10
Shares—
Industry
Boston
5V»
S-l—
Series
4
.
8.86 £■■
14.90
Series
;
A Common
32.56
16.21
,___
Series
Bankers Nat Investing—
29.72
i.
Sorles
;
—2
Oil Shares
Stand
Assoc
a_—
Corp
Surety
Aetna
1%
Holding
Par
Ask
Bid
Par
8.03
American Business Shares- —1
AAmerex
1(5
Investing Companies
'~f
■'-
for Friday April
5.90
6.49
Electrical Equipment
8.19
9.00
Food
4.43
4.48
6.73
7.40
6.15
6.77
ASeries
C
1
2.13
5.21
5.74
ASeries
D_
1
2.05
5.11
5.63
_1
ASeries B———_1
5.48
Quotations For U. S. Treasury Notes
5.97
Figures after decimal point represent one or more 32ds of a point
shares
shares
bond shares
General
State
St
Investment Corp
♦
72.82
Super Corp of Amer AA_.
_1
2.22
78.26
100
155
297
'•
170
100
Title
302
•
M
Guarantee
!-
' \'r
United
& Trust—
4%
5%
•>
States--
—
—
__100
1,120
1,160
Trustee Stand Invest Shs—
Investing
_
——
—
_
Price Shares
Low
Merchandise shares
•5.89
Mining shares::—/-——
Railroad
RR
6.00
shares
shares
Tobacco
Utility
—
3.78
_
shares
4.17
Oil
Shares—
4. id
Class
25c
Industry Shares
25c
Series
Income
Foundation
.1
•28c
U S El
10c
1.37
1.49
—5
18.12
2.09
2.37
shares———
12.93
91c
Securities
Aviation Group
Insurance Group shares—.—
B
100.5
fDec.
%
100.8
100.9
tMar 15,
Dec
15,
1943.
1 % %
100.16
100.17
tDec
1944.
1
%
100.18
15,
1944.
%%
100.13
100.15
Sep
15,
1944.
%
100.28
100.30
Lt & Pwr Shares A.
14Va
of
______1
15.49
Ask
99.19
%
99.22
99.24
1%%
100.12
100.14
1
„
1946.
15,
_
_
of
f 0.65s May
JMar
-
1943
99.26
99.28
f%s Nov 1,
1945.
%%
100.19
100.21
f%s Dec 1,
1 Va %
100.10
100.12
J%s Feb 1,
■
_
0.48 'r
_
1943
1945.
1944
15.
99.21
Indebtedness—
1, 1943
1,
Aug
1
—
1946
Certificates
f%s
Mar 15.
1.55
Bid
% %
100.19
Jun
1945
%%
—
Wellington Fund
Investment
1.09
1943
0,69'.'.
—
b0.78
0.75%
b0.80
__
0.77%
16.93
America.—10
21.45
11.16
11.41
Rid
23.31
1
Quotations For Recent Bond Issues
Banking
Corporations
1.20
A
Co
7.53
100.4
1
Ltd—
Group shares
Investment
19.72
6.88
1V* %
1943.
14.17
83c
Common
Institutional
24.73
18.53
——
_
19.43
•
80c
22.62
B—
Series. C%—
.■■
inc
Fund
Incorporated Investors™
Independence Trust Shares
Bank
16c
71c
1943.
15,
Mar 15,
3.79
United Bond Fund series A.
AHuron Holding Corp..
15,
15,
Sep
40c
Int. Rale
Maturity—
Ask
Jun
B___!
Trusteed
Bid
Int. Rate
Maturity—
Trusteed Amer Bank Shs—
"
3.43
-
Stand
;.;A ASeries A——
4.68
3.77
shares
Trustee
3.37
4.25
Equipment shares—
Steel
6.60
3.05
shares.
Petroleum
Investors Fund C
Blair
&
Co
...1
1
1%
Cent 111 Pub Serv 3%s,
105%
96 %
97 %
A First
.10
Corp.
13%
15%
Macy
(R H)
Penn
Boston
Electric
3%s,
Public Service of Indiana
3%s
103 »/4
104
104
105%.
105%
1958-—-—--
100%
1971
106%
100%
107
1972—
P & L 4%s
100%
1972—
i01lA
Puget Sound
107%
2%s 1952
108%
1972—
Wilson
•_
v.— v--
•
••
\
\
'•
.
•
....
:
..
104%
Southern Natural Gas Pipe Line
3'As, 1956—*.—
.
Atk
Hid
Ask
105'A
1971
Empire Gas & Fuel 3%s, 1962—
-
&
Co
3s
Pwr & Lgt 3JAs,
Wisconsin
Obligations Of Governmental Agencies
Bid
Ask
Commodity Credit Corp—
%%.
tlVe.%
.—May
Feb
Bid
Federal
1, 1943
100
15,1945
100
2s
Home
Loan
Banks—
100.2
May 16,1943
—
l%s Jan.
Call
Federal
3,
Oct.
Federal
Land
Bank
1.
1943
b0.75
0.G0'
tlVs%
4s-
1964-1944
3'14 s
3s
1955-1945
1955-1945
3s' Jan.
3s
1,
May 1,
100.21
100.24
103%
104
104
3
1%%
1] 04 |'«i
104%
100.4
100.6
15. 1944
Feb
notes
Other
1943
100.20
100.23
May 12.
1943
May 26,
1943——
3s
.1946
106%
value.
106%
Conversion 3s
.1947
108%
108%
.1961
128%
130
S Conversion
104 ii|
U
106%
U S
1956-1946
106
106 iii
Panama Canal
—
0.32 "r
0 32'r
June
July
7.
0.32%
July
14.
30.
—
1943——'
—
1943:
1943—
0
0.35^;
b0.375
—i
1943
b0.37
b0.37
b0-37
b0.375
1943
23,
0.33^1
0 35'i
0.34%
0.35%
Issues
105%
104%
—
June
b0.37
1943
*No
1, 1944
16,
0.32%
b0.37
1943—-——
June
0.28%
0.30%
0 3°''
1943—————
9.
b0.37
b0.37
-
Ask
Bid
2.
June
b0.37
—
Bills
at purchase
Ask
^0.37
b0.37
1943
1943
May 5.
for discount
June
May 19.
Authority-
105%
J
100.5
21,
April 28.
100.3
are
Treasury bills—
April
Corp—
Apr
Housing
quoted
Bid
July 15,1943
1956-1946-
Finance
—
t\%
Bonds—
1946-1944
100.6
;
U
4s
Rates
100.2
1944—
July 3, 1943 at 100 Vi—
Reconstruction
%s
United States Treasury
Ask
Natl Mtge Assn-
3s
par
sCash sale—not
oonds
are
10dd
included in
lot
sales,
range
b Yield
for year.
subject to all Federal taxes.
price,
d Deferred
x-Ex-dividend.
y
delivery,
Ex-rights,
r
Canadian
tin default.
A Quotations not furnished by sponsor or
Issuer.
market.
fThesa
THE COMMERCIAL &
able at time of going to press.
Preliminary figures compiled by
from the chief cities
of the country, indicate that for the week ended Satur¬
day, April 17, clearings from all cities of the United
States from which it is possible to obtain weekly clear¬
ings will be 36.3% above those for the corresponding
week last year. Our preliminary total stands at $10,352,154,712, against $7,594,852,880 for the same week in 1942.
At this center there is an increase for the week ended
Friday of 55.9%.
Our comparative summary for the
pared with a year ago.
the week in all cases has to
the last day of
based upon telegraphic advices
us,
In
able to give the final
previous—the week
ended April 10. For that week there was an increase of
37.4%, the aggregate of clearings for the whole country
having amounted to $8,606,098,405, against $6,264,332,395
the
in
was
20.9
+
28.8
481,352,598
281,226,490
+
71.2
172,883,163
123,637,228
126,800.000
+
153.200,000
212,931,000
Philadelphia
■——;
City
Kansas
6t. Louis
—
Francisco
San
55.9
+
173.381,000
+
436.412.727
Chicago
Boston
+
612.000.000
$3,106,428,356
360,921,574
475,000,000
$4,843,491,633
/
—
Week Ended April 10
31.7
167,066,060
197,897,856
158,238.686
149.478,870
102,793,935
$7,494,866,088
$5^075,493,329
days—.
days—
Ten cities, five
i
five
cities,
Tot. all cities, five days
All
cities,
day
one
—
1,257,730.955
+
+
+
16.9
6th
Louis
;
$481,522,300 $249,191,500
bonds
34,170,500
0. S. government
700,150
$263,054,800 $1,052,939,750
879,300
196,350
.
$497,868,650
Total bonds—
transactions in share
The volume of
New York Stock
January
February
_
-
No. Shares
1st
15,990,665
13,470,755
16,270,368
45,731,788
leading cities of the
of bank clearings at
course
of March and since Jan, 1 in
years is shown in the subjoined
country for the month
each of the last four
and
8.4
425.217,796
170,022,751
143,041,626
136,693,895
+
27.0
100,866,170
107,100.468
+
40.7
154,830.538
129,566,941
6
10
"
.116,329,370
414,952,897
313,097,333
8,606.098,405
3,691.184.432
+ 31..7
77,238,180
66,520,634
32.5
267,650.817
236.063.860
6.264,332,395
+ 37.4
+
12.3
5,453,430,744
2.687,736,329
5,606,357.879
3,287,098,101
+ 49.2
347,091.626
313,474,712
88,301,569
576.403,395
—32 cities
—
March.
of
+
386,285,868
there was
Reserve
of clearing houses of 28.9%,
credit
its
to
has
District
22.4% and
The Chicago
improvement of
an
the
28.6%, the St. Louis Reserve District of 23.7% and
The Kansas City
expansion of 40.3%, the
Minneapolis Reserve District of 32.1 %.
aggregate $33,410,972,407.
totals register
Reserve
a
are
enjoys
District
an
Dallas Reserve District of 23.3%
and the San Francisco
Reserve District of 27.4%.
In
District of 13.8%.
theftotals
by 25.9%.
in the Atlanta Reserve District
an
of clearings having been $43,062,841,-
in the Philadelphia Reserve
2,432,276,717
20.3%, in the Richmond Reserve District by
of the clearings for
month
that
For
the Cleveland Reserve District
larger by
Inc.
or
pec.
$
'
V-■
Boston
1st
r
14 Cities
—.—14
"
J,
—
York
New
3d
Philadelphia ——————17
Cleveland
17
Richmond
9
Atlanta
St.
—
Minneapolis
9th
11th Dallas
.......
—
12th San Francisco
Total.
1,144,618.938
14,381,614,298
2,599,331,859
+
13.8
16,179,858,118
2,251.215,757
2,251,554,867
+
20.3
1,800,297,369
977,046,377
+
22.4
1,285,668,871
*
+
25.9
811,291,731
1,046,494,278
1,413,075,125
654,656,023
814,777,995
Nf 28.6
*
1,856,488,059
1,195,572,490
1,618,546,199
4,224,375,339
3,284,466,742
2,801,836,086
2,231,356,638
1,234,587,933
998,131,212
+
23.7
815,175,019
654.126,697
32.1
525,416,269
466,108,517
40.3
882,996,575
+ 23.3
633,115,403
567,608,228
1,347,347,923
1,123,889,296
"
"
871,268,657
659,349,087
+
1,583,637,928
1,128,590,267
+
"
1,012,596,337
821,488,728
2,192,416,446
1,720,557,436
+
27.4
"
761,430,731
43,062,841,188
33,410,972,447
+
28.9
30,427,690.530
26,069,750,545
22,199,943,035
-
17,873,299,281
+
24.2
14,791,413,337
12,180,425,603
2,192,662,959
2,063,159,919
+
6.3
1,613,379,358
1,344,003.566
32 cities
,
..
_
1,332,646.064
33.8
2,957,857,254
2,708,120,451
188 cities
———
Canada
20.6
+
"
—————19
Outside N. Y. City
:;
+
1,544,873.751
-11
10th Kansas City—
¥'
16,139,913,250
16
17
...
.
'*
7
Louis
$
"
44
16
—.^31
Chicago
8th
March. 1940
March, 1941
'
1,863,636,467
21,600,225,687
"
———
7th
■ $
..
2d
6th
March, 1942
March, 1943
Federal Reserve Districts
5th
1940
No. Share#
32,406,179
29,507,254
79,463,469
quarter—-
The
+
+ 21.6
gain of 33.8 %, in the Boston Reserve District of 20.6%
4th
following:
13,312,960
8,969,195
10,124,024
12,993,665
7,925,761
8,587,828
36,997,243
March
2,961,300
$641,386,800
1941
Ho. Shares
1942
1943
18,032,142
24,434,084
-
497.202,187
„
three months of
1943 is indicated in the
No. Shares
of
34,518,000
properties on the
Exchange for the first
the years 1940 to
'
„
.
bonds
165,722.731
539,153,562
394.551,532
187,873,595
In the New York Reserve District the
$603,887,500
$1,018,069,100
12,984,000
16,150,000
bonds
159,687,673
200,383,824
173,551.001
264,302,192
City
188 and the 1942
29,507,254
79,463,469
Foreign govern't
Month
Y.
increase for the entire body
Bonds
Railroad & misc.
26.8
+ 19.6
237,412,919
—
month
the
—Three Months
1943
.
1942
8,587,828
140,426,954
+
"
We also furnish today a summary
detailed statement of
36,997,243
276,286,980
191,683,291
260,718,314
"
"
-
the 1943 aggregate
—
347,895,071
+14.2
,429,487,795
4
111 cities
Canada
follow:
Shares
415,329,391
_
7
—,10
—
Francisco
Outside N.
transactions
on the New York Stock Exchange is appended.
The re¬
sults for March and the three months of 1943 and 1942
Stock, number of
.
3.278,087,156
390.130,775
+
+ 36.3
$7,594,852,880
—Month of March—
1943
1942
"
-
543,976,061
490,347,572.
243,072.978
311,818,534
278.360.085
2.881,147.064
9.4
+
,
253.659,605
27.0
+ 62.8
319,718,451
3,100,262,465
A
195,317,439
Total
Description
"
"
"
—
—
11th Dallas
Complete and exact details for the week covered by
the foregoing will appear in our issue of next week.
We cannot furnish them today, in as much as the week
Our usual monthly
7
6
1940
Dec. %
594,932,160
,17
Chicago
St.
,
_.10
i
—*
2th Minneapolis
ilOth Kansas City
;
-
$
,
1941
-
Inc. or
1942
"
-
Atlanta
12th San
$10,352,154,712
Total all cities for week
Francisco Reserve District 32.5%.
Federal Reserve Districts:
10
——
Cleveland
8th
40.2
°
—
Richmond
7th
9.9
$6,333,224,284
1,261,628,596
Philadelphia
5th
~4L7
1,381.929.505
New York
4th
45.4
$8,876,795,593
1,475,359,119
Boston
2d
+ 25.1
+
Other
there
21.6 %;
$
173,551,001
5,046,674,219
—12 cities
1st
3d
+40.8
235,218,241
...
Reserve Dis¬
In the Chicago Reserve District
19.6%.
a
1943
+
Federal Reserve Districts
22.8
Pittsburgh
—
District of 26.8% and in the Atlanta
gain of 8.4%, in the St. Louis Reserve District of
and in the Minneapolis Reserve District of 27.0% .
In the Kansas City Reserve District the increase is 40.7% ,
in the Dallas Reserve District 31.7% and in the San
is
SUMMARY OF BANK CLEARINGS
+ 20.8
Cleveland
Baltimore
serve
We group
recorded an increase of 65.0%.
following we furnish a summary by
In the
1942
1943
April 17
Week Ending
record an
of 12.3%, the bank clearings at this
increase
27.0% and in the Philadelphia Reserve
trict of
Outside of this city there
week in 1942.
same
an
Dis¬
District
In the Cleveland Reserve District the - totals
improvement of 14.2%, in the Richmond Re¬
expansion of 62.8%, in the Boston Reserve
an
of 9.4%.
results for, the week
and complete
centre having
New York
show
trict of
TELEGRAPH
BY
-RETURNS
be estimated.
which
present further below we are
we
week follows:
CLEARINGS
they are located, and from this it appears that
in the New York District (including this city) the totals
which
detailed statement, however,
elaborate
the
the Federal Reserve Districts in
the cities according to
not avail¬
Accordingly, in the above
and the Saturday figures are
ends Saturday
week will show an increase com¬
Bank clearings this
CLEARINGS
BANK
OF
COURSE
THE
FINANCIAL CHRONICLE
•
,
statement:
¥■
BANK CLEARINGS AT
LEADING CITIES IN MARCH
(000,000
York. 20,862 15,537 15,636
JCJew
13,889
56,434
45,981
42,933
39,762
1,776
1,615
1,365
5,460
5,169
4,492
4,050
Boston
1,617
1,319
1,142
975
4,303
3,915
3,268
2,882
2,843
2,482
2,138
1,759
7,609
7,122
5,970
5,180
2d
New
735
594
472
396
1,974
1,672
1,306
1,133
3d
Philadelphia
721
570
2,949
2,540
2,054
1,662
4th
Cleveland
5th
Richmond
Phila.
_-_-v
Louis
St.
1,090
Fran.-)
San
906
1,117
Pittsburgh-
903
730
627
521
414
344
.
3,025
2,577
2,048
1,875
1,753
1,453
1,187
988
Baltimore.
Cincinnati-.
490
413
332
271
1,312
1,160
907
777
Kans.
:
658
862
621
459
394
2,294
1,759
1,316
1,152
City
Cleveland
,
577
435
2,437
2,080
1,600
1,296
294
1,487
1,202
911
846
Minn'polis.
580
418
325
Orls._
374
278
222
191
1,002
1.578
968
746
479
300
238
205
159
335
201
153
132
Providence.
72
60
49
203
Milwaukee-
16C
136
103
96
427
Buffalo
264
221
180
143
717
645
511
522
469
368
New
Detroit
Louisville
w
Omaha
.
792
616
547
4,234
2,704
2,020
727
595
472
858
561
421
200
171
145
299
285
58,436,914,141
"
"
"
7,923,417,698
7,278,655,916
3,264,479,694
4,404,706,088
47,817,314,956
7,448,988,523
6,320,249,085
2,802,012,759
3,676,981,852
31
"
11,405,506,426
7
"
3,400,551.622
16
—17
Chicago
St.
9th
Minneapolis
"
"
2,266,338,591
"
"
j
Louis
....a
City
11th Dallas
11
12th San
19
Francisco
6.4
6,276,508,090
5,446,453,861
+15.2
5,025,988,371
4,142,422,036
+
16.5
2,324,696,620
+
19.8
2,945,200,309
2,376,027.285
9,396,714,605
+21.4
7,775,313,307
6,619,221.923
+
4,201,194,753
2,905,317,728
1,893,742,585
3,209,511,977
2,756,544,498
2,396,346,677
N.
Y.
Canada
+
,
17.0
2,319,105,113
1,902,891,416
+19.7
1,463,289,448
1,356,406,442
+ 30.9
2,511,879,000
2,239,739,609
+15.0.
1,842,777,191
3,753,565,369
1,652,278.300
3,291,909,460
84,598,233,27S
75,591,942,116
41,665,279,985
35,830,160,530
4,683,445,477
4,306,665,898
f
4,820,935,268
5,864,291,912
21.6
116,179,199,235
97,267,759,698
+19.4
51,286,347,077
+16.5
6,528,714,277
5,536,868,901
City
—
32 cities
.
1,912,297,420
'
59,744,308,676
188 cities
Total
Outside
41,257,807,415
"
385
363
3,394,486.949
44,521,800,313
"
1,428
870
-
3,838,117,145
22.2
17
16
7th
10th Kansas
8.7
+
14
:.
Atlanta
6th
+
—17
9
York
5
4,579,643,683
4,976,597,896
__14 cities
Boston
8th
739
910
_
,
1st
1940
$
i
$
2,011
3 Mo nth 3
1941
Dec. %
1942
1943
Federal Reserve Districts
3 Months
Inc. or
3 Months
3 Months
Chicago
,
Districts in the three months for four
append another table showing the clearings by Federal Reserve
years.
$
$
$
$
$
$
$
$
omitted)
1940
1941
1942
1943
1940
1941
1942
We
-Jan. 1 to Mar. 31-
-Month of March1943
+
.
17.9
'
.
vr;,
442
■:
,
-
lt
'
iHir-
..'
'■ ii.-I"
.
135
112
230
177
150
128
623
510
419
375
136
123
97
84
365
348
284
253
Richmond-
307
240
214
164
866
714
616
508
196
Paul-
Memphis
Seattle
Salt
187
L.
156
130
92
528
478
394
321.
222
163
1,100
852
607
93
73
63
333
280
216
63
MONTHLY CLEARINGS
194
68
.——-Clearings, Total
—
C'y
Hartford
clearings by months since Jan. 1, 1943
following compilation covers the
477
121
The
_
183
53
52
189
167
1943
.
1942
18,004,715,165
Oth.
■
38,534
—
86,462
75,696
67,880
8,902
7,712
84,598
2,643
12,311
43,062 33,410 30,428
26,070
116,179
97,267
4,528
22,199
Qut, N.Y.C.
38,119,462,247
34,941,485,314
+
9.0
19,716,896,037
February
34,996,895,800
28.915,301,937
+
21.0
17,827,469,604
15,408,332,631
43,062,841,188
33,410,972,447
+
28.9
22,199,943,035
17,873,299,281
59,744,308,676
51,286,347,077
.
+
14.1
75,592
3,125
10,805
cities
T Total all
•i
29,680 27,303 23,427 103,868
January
March—:.:
.Total
%
$
s
%
$
$
153
Clearings Outside New York-
Ail
1942
1943
Month-
and 1942.
••
276
427
_
—
urn .HI i,
337
164
Denver
Indian'polis
St.
m.+Mi "i<i
■ ■■ •
HI »«■ a.
' — ■ —- "j- ■
■
3,730
17,873
14,791
12,180
59,744
51,286
41,665
35,830
Total 3 months
97,267,759,698
116,179,199,235
^
+19.4
.
+15.7
+
24.2
+16.5
.•
;t:
:"We
now
add
our
detailed statement showing the figures for each city for the month of March and for
''
Month ol March—
1943
Clearings at—
■
First Federal
Reserve District—Boston—
—
Bedford
1943
Inc. or
Dec.
$
%
+■
28.9
239,569,393
216.312,841
2.7
817,455
723,279
455,086
~+ ¥.7
451,404
+ 35.0
Waterbury
3.568,975
3,274,028
1,319.658,087
+
22.6
4,303,989,656
3,915,653,476
9.9
351,194,938
272,379,357
4,228,954
2.1
11,487,014
12,490,645
8.0
833,798
857,266
1,970,399
+ 10.7
6,443,871
6,044,315
6.6
8.5
5.449,918
5,739,900
I.—Providence
cities)
—
"
481,116
•
v.
"
399,976
3,565,965
.
+ 35.7
12,962,760
10,891,080
+ 19.0
1,096,485
811,991
813.813
728,154
15,767,930
11,166,803
+ 15.5
53,061,393
48,681,608
+
9.0
3,997,513
3,859,306
+
3.6
3,568,373
3,445,104
+
6.8
2,712,773
2,135,679
12,533.146
+
1.3
2,668,649
2,499,854
3.6
18,370,896
15,157,554
+ 21.2
9,403.480
2.2
5,730,480
6,366,351
—10.0
3,633,175
4.231,567
1.3
15^544,100
12,882,300
~+~20.7
13,208,500
10,104,500
2.3
850,336
554,253
+53.4
591,050
514.654
405,086,460
319,718,451
+ 26.7
i; 278 360,085
253,659,606
9.9
35,166,136
34,702,233
68,840,601
'
|t.-H.—Manchester
(14
749,174
8.2
63.493,463
+
8.4
183.136,151
189,936,717
24,312,888
+
6.0
76,125.815
74,447,855
+
9,117,500
6,806,600
+
34.0
23,161,700
20,890,700
+ 10.9
12,271,998
Haven
.
+
5.6
25,773,961
Worcester
s
541,740
1,938,966
9,753,998
42,293,284
5.1
1940
2,953,972
9,209,315
45,777,905
—
$
9.0
3.2
12.0
—
1941
+
+
1.970,133
10-
636,687
+
—
April
Dec, %
+ 20.6
3,085,133
—
years.
Inc. or
$
14,662.517
18,215,280
Conn.—Hartford
••-Total
$
Ended
621,105
4,839,418
Springfield
R
1942
$
2,181,418
1,802,747
Hotyoke
New
'+
4,138,707
.Fall River
•
Dec. c'o
1,617,888.533
Mass.—Boston
New
$
3,183,911
Portland
Lowell
Week
1942
16.422,105
Me.—Bangor —;
.
1943
Inc. or s
1942
$
the^week ended April 10 for four
-Jan. 1 to Mar. 31—
76.388.400
72,050.100
2,571,883
2,134,779
1,863,636,467
1,544.873,751
+
:
6.0
203,495,900
200,817,700
+ 20.5
7,130,362
7,300,172
20.6
4.976,597,896
4,579,643,683
+
+
—
+
—
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157
-Jan. 1 to Mar. 31-
-Month of March-
1943
:
Inc.
■
tnearlngs at—
'
s
•
1453
1943
or
Dec. %
'W:'.
-Week Ended
1942
-
Inc. or
$
1943
Dec. %
1942
$
April 1C«
Inc.
$
1941
or
Dec. %
1940
S
Second Federal Reserve District—New York—
^
Y.—Albany.
N.
63,061,751
Binphamton
•
Buffalo
6,410,266
264,396,691
Elmira
149,054,514
77.6
+
+
9.7
+
18,880,189
19,777,272
717,433,693
645,046,865
+
12,450,510
+
+ 20.4
4,158,454
135,892,605
3.1
19.6
—
221,138,756
5,066,743
_____________—
Jamestown
New
35,513,414
6,209,378
14,414,812
11.2
15.8
4,175,541
3,157,149
+
32.3
12,811,534
11,892,753
+
7.7
20,862,698,153
15,537,673,166
+
34.3
56,434,890,559
45,981,412,621
+
22.7
47,735,663
42,014,536
139.040,633
135,960.630
+
2.3
34,140,675
27,548,912
83,520,268
_—_______
York
Rochester
Svracuse
.
Utica
5,701,572
Conn.—Stamford
5,948,320
1,232,742
47,700,000
1,047,684
1,275,829
4,914,913,973
4.5
—
••'+ 23.6
21,951,288
v
23.9
+
...+
4,612,015
33,852,884
______
+ 13.6
76,629,697
+
15,480,713
14,633,900
+
67,679,340
+
1,673,321
Newark
J.
9.0
3,666,988
Federal
Third
Reserve
5,389,557
325,211,547
295,732,462
+ 10.0
427,240,868
404.847,463
+
i
—
16,139,913,250
37,400,000
+ 42.1
984,150
32,200,000
463,357'
714,882
+ 49.3
992,035
898,000
+
65.1
3,174,081,362
8,435,926
+
12.7
2,765,694,415
9,198,907
+
17.1
5,281,632
4,179,882
~+~l~7~6
4,*951*944
4,*1*5*8*750
4,232,051
5,7*14^639'
315,904
11,416,497
9,969,081
8,215.545
21,036,017
31,167,826
5,046,674,219
+ 22.2
3,100,262,465
357,118
478,690
0.5
17,056,377
1.1
26,457,729
18,871,072
26,941,630
62.8
2,881,147,064
3,278,087,150
—■
—
+ 14.5
47,817,314,956
—27.5
436,015
20,941,873;
30,814,064
5.5
58,436,914,141
2,213,392
1,945,232
+ 13.8
3,824,955
4,386,275
—12.8
5,751,241
11,693,030
13,886,076
2,295,573
+
8.5
6,563,338
6,325,588
12,199,727
11,147,126
+
9.4
35,089,554
33,868,368
7,581,104
7,700,453
—
1.5
20,180,536
21,872,825
2,376,358
2,450,766
—
3.0
2,171,689
6,583,376
6,602,252
6,879,441
2,228,877
2,843,000,000
7,609,000,000
16,629,459
7,122,000,000
+
—.—_—
_—
Harrisburg
Lancaster
6,614,694
1,415,671
9.2
+
District—Philadelphia—
_
Bethlehem
9.1
14.6
+
2,491,609
Pa.—Altoona
Chester
4,896,738
18.1
+ 33.8
3,199,682
21,600,225,687
cities)
(14
0.3
+
135,482,608
Oranges
Total
+
95,384,432
155,013,773
-
737,327
6,722~573
22.1
+ 14.4
1,668,572
112,632,554
N.
Northern
'
11,626,354
+ 12.6
+
854,795
2,977,234,294
10,707,112
5,054,145
'
J.—Montclair
N.
■
5.2
+
1,094,959
5.8
82,621,576
"
54.2
+
5,653,640
43,700,000
—
3.7
473,260
430,027
—15.8
1,361,178
1,442,782
+
3.8
626,067
581,548
+
5,971,138
3.6
—
—
.«
<•
* '' *
.
7.7
1,692,428
1
+ 10.1
501,087
5.7
1,364,821
7.7
384,040
—
+
,
,
466,682
587,976
-
+
'
343,813
;
2,034,424
—16.8
1.328,333
1,284,128
376,000,000
394,000,000
■
Lebanon
_______
Norristown
Philadelphia
________
+
2.6
2,482,000,000
+
14.5
+
9.1
:
—
6,689,409
4.3
1.3
—
6.8
529,000,000
+
.
9.1
'.
,
5,836,695
5,351,262
16,349,625
+
1.7
1,361,473
1,266,221
+
7.5
1,466,944
1,536,432
12,141,199
+ 12.4
35,670,839
34.012,361
+
4.9
3,472,393
2,356,941
+ 47.3
2,068,382
2,401,734
6,188,440
-_—
Bcranton
4.924,438
+ 25.7
16,610,701
+ 13.4
1,341,573
1,069,488
+ 25.4
982,445
+ 11.3
2,088,588
1,955,430
+
6.8
1,366,423
-
York
9,031,663
7,496,435
+
20.5
25,358,176
14,648,185
22,790,453
Pottsville
1,469,275
1,243,025
+ 18.2
3,984,264
3,598,223
+
■>: +
.
10.7
4.2
Du
L
2,991,131
+ 11.4
2,102,223
8,750,035
2,016,543
3,331,557
22,752,068
35,588,780
—36.1
59,174,574
73,838,531
18,994,500
14,893,600
+ 27.5
53,674,100
2,957,857,254
2,599,331,859
+ 13.8
7,923,417,698
686,467
______
J.—Trenton
N.
Total—(17
cities).
604,875
'
.
5,515,200
3,839,200
+
43.7
4,668,300
12,329,900
6.4
+
594,932,160
543,976,061
+
9.4
390,130,775
415,329,391
Mansfield
+
18.4
1,312,204,533
739,645,383
+
23.1
2,437,857,187
72,916,000
+19.2
189,855,400
24.7
10,343,829
_,925,674
3.2
3,115,913
3,593,341
—17.5
25,697,468
30,833,412
+ 18.5
42,803,857
18,488,035
42,092,535
8.0
+ 21.4
110,054,296
92,134,679
30.9
4,125,206
3,928,917
9.2
2,504,452
2,760,147
>
...
.!
Toledo
Pa.—Beaver
13,769,835
7,098,682
:
___i
__
_
9,512,596
16,313,*782
6,572,739
1,123,307
...
Youngstown
61,190,800
3,038,063
1,160,924
11,523,704
3,787,791
_
.
1,540,288
....
Erie
-
774,431
1.090.416.961
V
......
Ky.—Lexington
w. va.—Wheeling
+
—
17,370,189
6,477,229
■
.
(17 cities)
.
Federal
Reserve
Va.—Huntington
Va.—Norfolk
4,872,336
22,090,000
307,186,475
10,681,311
15,811,121
10,316,694
658,288,186
C.—Charleston
Columbia
Greenville
Md.—Baltimore
.
-
J
240,100,188
8,792,717
13,992,592
7,025,958
521,132,361
2,125,162
159,125,205
Richmond
C.—Washington
3,702,024
27,166,000
-
Frederick
2,120,260
158,090,277
cities)
(9
1,195,572,490
_._
Federal Reserve
31,893,916
167,064,330
541,500,000
Nashville
Da.—Atlanta"
9,137,005
8,707,759
204,630,339
14,704,229
197,082,484
22,547,891
Macon
fla.—Jacksonville
__________________
Ala.—Birmingham
—
Mobile
Montgomery
Miss.—Hattiesburg
Jackson
6,749,672
—-.—
+ 17.5
12,829,100
10,521,400
2,038,588
3,068,066
2,147,266
2,126,767
1,1^78*818
2,932,453
3,987,178
2,487,863
2127795^146 ; vr
179,8597423
139,803,644
113,071,559
490,347,572
429,487,795
347,895,071
276,286,980
—16.7
1.7
+
2.7
—
+ 19.5
5.0
+
9.3
—
+
18.0
41,199,130
+
4.8
2.6
43,173,890
+
3.0
31,943,687
32,064,392
0.1
21,748,242
22,260,309
+20.3
7,278,655,916
6,320,249,085
•
,
1
0.4
—
2.3
—
15.2
+
+ 14.2
;
-
+ 31.6
11,168,144
13,526,631
+ 23.0
76,610,000
866,234,281
714,918,726
+ 21.5
+
32.4
824,984
532,505
19.3
5,444,000
4,921.000
+ 10.6
4,174,000
2,434,000
60,046,447
47,153,408
+ 27.3
41,932,669
31,914,746
2,468,122
1,814,744
+ 36.0
1,547,739
1,700,000
+
+ 14.7
25,124,687
28,822,356
826,272
1.093,774
+ 21.1
+ 21.2
64,228.000
27.9
+
9.9
+ 13.0
41,808,415
38,057,120
+
+
46.8
28,708,343
25.423,414
+
26.3
1,753,575,512
1,453.107.482
-:•': + 20.7
:
+ 12.9
0.2
6,837,924
6,826,419
0.7
448,356,232
463,158,767
977,046,377
+
22.4
3,264,479,694
2,802,012,759
29,170.002
131,297,312
440,700,000
+
9.3
+
134,612,667
101,198.204
3.2
39,407,968
35,769,663
16.5
243,072,978
191,683.291
+ 26.8
0.2
+
—
+
78,208,169
76,621,122
33,000,112
27.224^581
159,687,673
140,426,954
_■
<,595,522
7,057,299
147,489,587
10,524,319
171,490,828
16,988,447
6,155,490
11,296,000
11,556,473
8,810,092
6,344,515
+ 38.9
3,925,411
27.2
447,971,435
373,312,109
20.0
33,197,908
28,862,491
+ 15.0
20,443,299
19,725,750
+ 22.9
1,502,400,000
1,264,600.000
+18.8
111,100,000
95,800,000
+ 15.8
74,600,000
60,300,000
—17,2
28.717,550
34,966,198
—17.9
2,253,071
2,332,512
20.3
25,529,012
21,385,790
+ 19.4
1,763 504
+
+ 18.1
87,346,738
103,188,449
+
+ 23.4
24,671,795
20,722,600
+19.1
*2,100,000
+
38.8
543,292,957
38,938,023
39.7
38,413,917
421,782,727
29,878,543
28.8
+
14.9
522,762,427
487,101.747
+
+
32.7
63,916,128
+
9.7
20,138,169
3.4
1,683,894
1,416,169
+19.1
1,463,074
~998~050
+ 56.2
25,090,000
19,367,000
6.1
26,087,078
16^482^070
3.5
2,438,953
1,792,562
—
+ 28.6
+
4,019,215
+
<
24.932,000
7.3
33,281,296
35,427.643
45,726,685
+ 39.8
4.691,322
4,531,061
18,619,954
+
8.2
+
.
6.6
—
+
11.9
35,575,000
33,366,000
8.6
33,972,787
34,600.026
+
26.8
9,118,184
8,238,635
+ 10.7
920,445
374,777,484
+
28.6
2,868,334
+ 19.2
202,028
213,581
5.4
152,249
143.764
+
34.6
1,002,169,944
2,405,951
792,928,149
+ 26.4
77,244,794
60,411.007
+ 27.9
44,499,866
41,478,151
1,618,546,199
Orleans
(16 Cities)
1,285,668,871
+
25.9
4,404,706,088
3,676,981,852
+ 19.8
311,818,534
260,718,314
+ 19.6
200,383,824
165,722,731
2,086,344
968,925,812
6,931,485
16,045,425
3,297,805
11,071,068
4,411,544
+
13.4
6,544,367
—15.9
546,390
516,016
2,704,376,038
18,317,252
+ 56.6
29.3
5,502,941
4,234,639,491
24,757,013
59,311,405
49,638,630
+ 19.5
4,034,582
3,630*270
3,546*210
3,218,002
+,27.4
12,303,042
10,156,563
+ 2L1_
+15.5
33,006,559
£*0*69*361
£329*631
1,*769*538
1,49X020
+
40.6
12,843,700
+ 35.2
3,476,145
11,366,703
19,763,953
123,007,455
+
9.1
39,305,242
17,360,605
10,687,352
+
10,509,101
+
10,950,374
31,007,203
9,641,718
136,403,237
2,140,861
+
1.8
—
______
—
Federal Reserve District—Chicago-
Seventh
Mich.—Ann
Arbor
Detroit
+
—-
—
Flint
*
-
Grand Rapids
2,365,604
1,578,258,868
9,248,778
20,743,380
-
4,202,419
Jackson
Lansing
12,792,316
6,203,276
3,793,576
12,754,315
24,141,831
-
Muskegon
Bay City
Ind.—Ft. Wayne
-
-
-
Gary
—
Indianapolis
south
Bend
Terre
Haute
—
—
Wis.—Madison
Milwaukee
-
Sheboygan
-
Watertown
Manitowoc
la.—Cedar Rapids
Des Moines
City
Ames
Hi.—Aurora
Bloomington
2,343,300
4,026,361
831,989
2,824,987
10,044,684
69,654,188
33,184,652
1,125,551
2,976,717
Decatur
Peoria
;
-
<31 cities)
695,562
2,288,942
7,624,486
63,072,889
22,374,221
1,455,207
2,614,120
+
19.1
417,531
12.2
36,405,658
66,973,680
31,664,294
+15.0
22.2
59,490,319
365,667,362
348,799,624
+
36.2
+ 19.7
2,865,581
2,767~777
27~085,000
3.5
+
1,706*836
1,773,386
17,5*9*1*000
25^425^000
19,8347600
+ 12.5
11.2
41,817,360
93,188,449
26,197,786
24,883,729
+ 17.4
427,301,589
9.5
6,877,883
11,486,688
2,272,391
6,993,176
24,739,295
176,645,246
+
—
2.4
+19.5
+
23.4
+
31.7
+ 10.4
+
48.3
—33.7
6.5
1,016,719
4,224,375,339
3,284,466,742
85,324,900
2,924,037
363,960,826
.
■
V
6,109,697
12,102,897
+ 27.9
2.054,752
2,051,929
7,491,093
6,190,254
5,467,865
30,765*280
23,632~816
23^608*556
21,*68X322
+ 17.4
+
30.2
+ 12.6
——_it_
5.1
—
5,789,674
+
20.8
20,187,465
172,980,985
64,166,681
3,130,749
66,949,534
7.5
+
28.2
+
8.1
25,439,534
23,176,181
.2,606,139
+ 28.6
11,405,506,426
9,396,714,605
29.7
2,560,889
7,748,643
5.3
+
9.1
+ 27.7
+
3,652,701
+16.7
+
+
+ 13.2
,
2,083,134
7,606,471
5,832,105
5,169,535,752
17,155,163
61,866,170
25,269,744
20,399,833
2,430,791
8,042,260
5,810,720
5,460,481,901
18,781,293
4.8
+
32,687,843
108,724,722
3.1
+
336,475
1.7
+
+
8,863,845
5.9
+
35.2
+
1,932,979
1,776,638,966
5,255,984
19.266,077
8,742,933
6,912,342
940,297
9,401,408
+
+
13.9
24,610,644
—
Rockford
4,124,605
+ 62.9
+ 33.4
+
2,058,208
2,011,290,075
6,818,337
Chicago
Springfield
Sterling
136,735,685
14,918,377
37,108,849
9,942,199
160,094,201
,
oshkosh
Total
12,231.100
4.2
+
3,087,173
-
VJcksburg
Total
14,376,600
10.2
+
2,433,867
715,578
278,450,777
12,643,000
12,548,910
_________________—-
Meridian
La.—New
90,107,999
29,356,795
34,632,087
+
10,551,562
—
Columbus
Tampa
56,073,056
District—Atlanta—
Tenn.—Knoxville
Augusta
68,548,483
117,245,174
16.1
.+
'
Total
2,346,285
9.6
+ 12.0
3,303,747
District—Richmond-
,
—
3,354,725
+
+
25.1
—
6.5
77,592,619
151,624,077
2,540,082,327
—
'
7,782,810
2,251,554,867
2,708,120,451
...
r
20.2
2,949,292,435
+
85,017,180
169,748,245
—13.3
18,995,183
+
•
Total
v
3,100,857
13.1
+
+
10,317,329
16,910,694
6,673,824
7,778,428
...
+
852,811
906,871,448
.
12,909,025
...
'
35,970,696
1,177,056
43,671,479
Co.
Oreensburg
Pittsburgh
+
—
144,803
6.8
+
413,965,971
910,798,307
-
...
_
Oil City
+
+17.2
40,815,399
+ 13.1
13,867,880
490,217,082
•
Hamilton
Lorain
SiOUX
...
3.7
—
7,448,988,523
*
_____
Columbus
dlxth
3.1
+
—19.9
55,758,400
,
:
______
Cleveland
Newark
'
15,677,774
Cincinnati
Fifth
8,483,357
904,061
1,474,665
'
Federal Reserve District—Cleveland-
Fourth
Ohio—Canton
W,
+13.5
.+
——
Bols
Huzleton
Del.—Wilmington
D.
577,000,000
13,650,567
Reading
Wllkes-Barre
8.
"
________
+ 22.5
+
2.1
+ 33.0
—
+
—
+
1,531,410
1,838,363
13,548,919
13,176,195
6,675,417
4,917,303
+
20.0
1,231,217
2.8
10,652,881
1,104,371
10,325,534
35.8
4,101,494
3,992,822
+
+
6.6
5.7
0.4
423,671
461,176
5.6
427,293,365
398,233,845
1,574,002
+
9.5
+
8.2
1,297,234
4,642,303
+
0.7
1,934,424
2,071,447
1,732,328
1,874,797
539,153,562
497,202,187
+
13.6
+
21.4
8.1
470,159
7.3
339,844,469
410,568
—17.6
1,603,515
7.3
4,864,941
6.6
7.6
1,806,112
1,758,331
314,450,042
1,049,120
4,601,054
1,363,204
1,400,818
8.4
425,217,796
394,551,532
+
—
—
.7.2
+
5,008,520
—
—
+
Monday, April 19, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1454
Reserve
Eighth Federal
Louis
Mo.—St.
_
—
____.
187,543,926
546,959
Tenn.—Memphis
111.—Jacksonville
—
4,527,000
1,234,587^933
Minneanolis
.
paui
+
Winona
N
"
D—Fargo
-
Minot
g
D
-
*
Forks
Grand
-
---
~Z
Falls
Fergus
...
—Aberdeen"*""
'Sioux
-
Falls
-
~Z
"
Huron
Mont—Billings
Falls
Great
Helena
*"* "*
LewistOWrTZZIIZZZ-ZZ..,
Total
Federal
Tenth
422,154
Reserve
Kan
**"++'+•
""" ~~_~IIIZZZIZZZZ
"""
'■
_
—
St.
_
-
v
_
_________
Cit7
Kansas
•'
1-ZZZZZZ
Joseph
Carthage
Okla—Tulsa
_
Colo—Colorad"o "Springs
_
Denver
I
Pueblo
Federal Reserve
Eleventh
Falls
143.041,626
.
■ i ■ +>■+> + .'<•
■
+;
41,810,877 ■'. — + 13.3
3,796,995
3,021,428 , . • . + 25.7 •
2,846.830 « ,
1.202,030,817
+ 23.7
116,551,339 —> 89,166,832
+30.7
■ 65.008.971
.5,066,768
+ 4.1 ' • >
•
i__
469,900,523
+11.3 ' 4 43,590,171
37,243,736
+17.0
25.430,336 ' 5,690,230
+ 8.3
____
1,223,157
+>2.4
f
:
38,554,824
+ 2.1
3.107,749
3,413,461
— 9.0
2,121,326 ' : ■ ' '
4,190,000
+28.8
_________
________
______ ' 2,978,479
+ 41.7
—_U.__ '
______
13,865,905
+ 4.4
1,304,276
1,117,446
+16.7 701,969 " <
30,753,802
+32.8
___
i.
2,710,413
+29.6
_____
______
12,442,180
— 1.3
1.092,856
988,811
+ 10.5 ,
1.084,126
11,765,550
+35.5
- .1
*
• _______
49,904,602
+18.1
4,107,615
" 1.742,181
+135.8
3,672,612 .
854,458
+32.7
I
______
.
1,893,742,585
+ 19.7
173,551.001
136,693,895
+27.0
100,866.170
;+V.
+ 17.6
47,381,534
+ 38.5
1,487,254,080
+ 16.2
5,272,608
,+19.3
+17.2
+14.6
+14.8
->• +67.2
+41.0
+16.9
+47.0
+47.8
— 1.6
+53.8
+24.1
+39.7
+32.1
522,885,354
6,161,660
1,252,888
39,364,450
5,396,000
4,221,387
14,479,187
40,841,188
3,512.630
12,285,697
15,947,551
58,948,649
1,133,728
2,266,338,591
.
,
•:
_.
,
+39.7
+66.4
+30.7
—18.5
+ 15.3
+22.3
—18.2
+38.7
+55.2
*—18.4
+ 9.8
+48.4
+29.8
+18.7
—
264,302,192
f 187,873,595
+
8.9
3,083,357
2,048,879
+
38.8
128,350,016
9.6487704
32.806,000
+
.4.1
2,855.000
2,338,000
1,077,407
+028Z357
—_——T.
Riverside
Francisco
Jose
Barbara
-__
-
cities)
___________
5.2
+
28.4
________
+
'26.8
+
,
,
■
■
<'
■'
>.i
'
;■
'' ' ■'
St.
John
4,50+619
35
3,112(702
88,30+569
+
31.7
77,238,180
66,520,634
-'-ox
1.6
+
2,396,346,677
2,756,544,498
23.3
+
'■
'.+ 13.6
8,871.566
7,807,209
49.0
51,129,642
37.588.077
+
29.2
+
852,089,861
59.322.168
1,100.41+051
88,390.963
33.0
31.8
1,110,924
1,100,285
+
27.4
+
15,715.628
1,190.564
20,014,249
+568,755
+ 54.8
18.6
2+535,647
18,907,196
+
13.9
-1
5,119,071
7,022,501
+
i
:•<'
6.2
6,172,000
6,243,000
34.8
90+935,637
676,162,179
—
2,565,000
257,148,367
+
3,592,730
+
•
+1
T—
y-'V.
i
,•
+ 58.5
9+5
21,119,832
13,323,198
+ 30.4
333,923,928
280,270,365
+
59,274,752
:
■'
■
______
0.3
30.4
+
28,483,593
+
4,324,867
+
13,623,571
+
22.3
5.6
40,579,596
48,146,775
13.5
13,097,739
1+758,923
+
,
•
23.6
3,025,770,480
2,577,169,691
+ 30.0
903,948,818
51,457,606
42,943,944
2.9
16,032,664
18,228,060
—
5,796,696
—15.7
.
'■
+
17.4
+
36.3
49,153,178
36,398.809
+
27.4
5,864,29+912
116,179,199,235
59,744,308,676
4,820,935,268
97,267,759,698
+ 19.4
51,286,347,077
+
..,<+28.9
+ 24.2
FOR MARCH, AND FOR
142.320,000
134.779(000"
+483,620
3,769,531
2,80 + 665
+ 36.4
2,934,214
+ 36+582
+
9.0
1,626,825
+509,706
2,681,294
2,141,852
.
\
Dec.
Inc. or
Dec.
1,479,644,372
+
23.8
628,612,567
504,547,150
+
24.6
343,758,159
256,690,995
+
33.9
—25.4
963,96+314
908,014,112
+
6.2
23,852,113
4.9
67,329,391
65,295,994
+
3.1
+1+4
18.345,361
10+087,315
5,714,281
4,061,964
7,570.852
—
+
18.8
54.102,433
0.2
83,822,460
89,970,582
+
7.8
83,909,978
+
+3
31,912,833
29,67+827
+
'
7.6
23,748,998
+
7.7
+ 12.6
10.769,717
>
+
79,719,060
6.8
—
+
18.0
25,574,000
6.3
29,279,757
35,669,820
28.5
87,275,017
72,315,327
+
+
17,494.487
6+835,948
50,009,305
20,402,820
+ 16.6
+
13.7
+
6.7
1.77+441
5,325,139
2,014,085
5,680,397
8,924,515
7,538,929
19.7
5,390,075
.2,395,078
6,435,709
2,760,875
4,604,849
37.7
+
+
4,753,015
4,653,558
Westminster
3,850,743
3,857,216
Hat
+552,277
+374,711
3.750,977
3,277,082
3,296,919
7,722,038
Saskatoon
Moose
3.417,052
Jaw
Brantford
Fort William
Medicine
Peterborough
Sherbrooke
4,034,558
5,649,718
5,402,806
16,49+671
+
19,205,733
Windsor
Prince
2,424,512
Albert
2,184,377
4,496,580
3,044,613
2,987,202
Monr.ton
5,065,948
Kingston
3,312,217
Chatham
3,519,009
Sarnia
3,269,015
2.046,732
,
4,348,435
2,192,662,959
2,063,159,919
(32
cities)
+33.5
—12.7
+
4,683,993
3,417,875
377,926
+
66.0
+
53.3
579,281
827,573
3,755,442
3,090,379
;
296,790
325,157
482,104
1,253,179
1,195,957
447,036
827,691
684,130
26.6
.
—31.4
+33.7
905,069
13,236,834
10,502,292
10,997,888
12.9
4.943,765
+
.
+
903,583
18.2
0.5
1,222,369
+033,955
726,254
703,494
+
3.2
4.5
307.038
33.7
3,909,542
410,652
+
+ 26.5
48.7
14.5
10,285,567
+
7.2
995,429
+
9,590,045
669,395
1,131,554
+352,294
4,003,297
1,111,106
3,024,852
+ 12.3
543,359
439,190
5.1
+
—
>;
12,262,513
1+870,161
+
3.3
16,022,120
15,880,848
+
0.9
+
16.5
+1+0
54,438,010
6,819,512
48,696,761
6,070,778
+ 1+8
+ 12.7
14,677,891
13,961,710
+
8.8
9,065,997
+
7.0
+
9,696,476
+ 103,083
928,376
8,72+991
3.4
570.456
9.018,293
747,784
17.8
+
+
+
820,686
59.7
5.9
8,821,839
12,948,639
5,737,034
370,835
13,946,403
G.3
6,528,714,277
5,536,868,901
—
7.2
+ 17.9
•
,...
243,247
414,282
U
21.8
21.7
967,439
843,772
982,778
+32.3
3,110,519
2.515,125
37+332
325,143
23.3
786,856
697,072
+25.4
674,058
604,271
•+31.1
625,210
121.3
488,515
412,020
35.2
932,036
1,010,231
49.2
347,09+626
313,474,712
+
+
-
+
1,195,567
884,134
+
576,403,395
386,285,868
+
■••
,
605,525
+
:
894.305
732,647
649,379
796,623
367,954
■
+
929,101
0.7
4.6
53.8
„
'
+
+
..
900,546
13,305,399
+
2:
•
507,637
2.1
'
1,923,379
1,803,995
2,364,950
348,277
0.2
—
4.54+892
+ 29.3
+474,898
•
2,59 + 190
4,773,871
578,437
+
653,546
1,906,227
•
4,437,789
3,98+348
+ 70.8
5,672,201
23.6
2.356,907
8.C0+950
^
16,069,601
34,488,267
1,845,356
...
39.9
3,296,720
20.7
35,217,654
>
2,318,135
4,422,385
39.6
+
+479,294
V"',,
95,577,794
5,976,574
+ 204,403
+17.1
+
5.586,168
S
89,533,500
•
6,204,641
2,270,749
'
%
31.8
+
3,09+013
.
'
3,167,288
+37.4
8.3
—
+
.+ 28.4
'
5,743,960
>
t-
+ 16.3
8,358.908
13,293,983
+
:
16.6
2,956,926
1940
+
572,135
9,72 + 100
—
Total
22,513,342
74.8
+
+ 17.2
14.392,703
4,622,298
Sudbury
20.0
66.6
+
97,636,881
83,159,512
31,230,516
18,365,233
00,737,897
4.620,561
19,227,339
+ 23.8
4,061,426
Kitchener
•
78.1
+
;4,451,047
2,065,746
i.,
+ 10.1
+
Lethbridge
+
86,689,459
7,456,993
2,697,266
5.3
+
49.9
40.696,132
:+ 14,551,164
,■
■■
$
'
•
+
•
+
i
1941
Dec. "!o
82,557,123
1
'
48,585,815
—
3G,770,513
26,257,576
112,439,746
25,435,208
1,667,555,254
8—-fair-'-';"-*.-'-••
Inc. or
$
67,787,350
+ ■:.
April
Ended
1942
S
c/o
+ 33.3
445,317,926
20,652,340
$
1,980,913,723
8.2
12.3
FOUR YEARS
1943
1,831,452,324
+
2,687,736,329
2,432,276,717
3.287,098,101
184,432
45.1
+12.0
;•
166,970,730
9+374,706
5.606.357,879
+
168,494,8G6
147,014.218
+
585,80+523
236,063,860
5,453,430,744
+
WEEK ENDED APRIL S, FOR
1942
$
%
267,650,817
37.4
313,097,333
6,264,332,395
3,69 +
2.997,778
+32.5
414,952.897
8,606.098,405
+
16.5
8.066.266
Brandon
New
S
523,690,530
1943
Inc. or
29.9
+
2,902,188
'
—Jan. 1 to Mar. 31
-■><.
1942
+
.166.359,000
203,688.890
3,82+915
::v
+ 2+6
1,720,557,436
33,410,972,447
17,873,299,281
3,33 + 142
22.4
;
V,
3,713,553
(3(439(376
________
35.0
+
+
4,727,084
'
—10.1
!
3,481,309
3,128,205
19.8
1+853,196
,
2
v'-
r—12.0
13,176,222
Regina
1+9
-
•<'"+■■■■
+1+4
24,804.025
Edmonton
14.890(556
^____
6.411,799
7,174,210
30.9
16,655,158
36.5
+
+
13,225,175
9,517.979
34,01+911
17,579(826
'
78,829,603
14.007,957
London
40,05+632
35.8
+
18,656,115
25,207,344
8.1
—
40,593,747
v,
—
15,288,794
4,132,954
<
51.3
+
__i„
—20.1
23,448,757
18,724,719
37,312,436
103,219,650
7.2
—
6,839,893
12,425,071
.
+
50,710.943
<
19.1
78,304,776
'■Qk-.
32.1
+
42.5
+
20,759,522
•
76,719.464
33.4
+
93.425,236
v
—
+27.8
.
.
3+863,744
Victoria
"906,422
4,342^391
10,914,081
Calgary
1,098Z912
116,329,370
30,720,423
28,296,920
Hamilton
"*+~4~.8
919(674
15.0
12+783,499
;-•
1,937,000
—18.2
22,680,241
Halifax
.4
2,187(000
61,529,260
332.218,697
Quebec
7.555513
22.1
+
50,326.789
32+866,169
242,334,278
Ottawa
61,486,222
+
—44.0
2,739,783
3,500,231
427,992,851
7,926,674
.8,326,863
2,405,000
345,531,813
6,881,338
586,578,946
:
2(5.6
"+21.8
3(278,703
82+488,728
634,114,708
Vancouver
1,837,410
52.64+425
—33.1
$
Winnipeg
1,797,831
50.5
+
10,144,529
Month of March
—
129.566,941
3,710,484
...
Toronto
154.830,538
6,782,223
1943
Montreal
736,614
19,232,867
2,192,416,446
43,062,841,188
22,199,943,035
Canada—
792^617
19.1
+
8,272,597
14,911,694
+"•;
Week
■
"
—35.7
4,611,099
CANADIAN CLEARINGS
'
651,331
641,656
20.3
+
903,232.653
86.54+549
2.884,723
3,021,775
1,086,965,182
10,492,211
15,149,631
'■:.+ 44.4
2,759,852
5,904,191
14,430,635
4,690,262
1,117,489,947
17,191,145
5,629,975
16,156,915
-
Pasadena
21.8
+
11,162,000
37,130.302
Beach
cities)
York
+
309.895.528
29,586,907
6,348,011
12,461,706
Calif.—Bakersfield
Grand total (188
37.9
43,569,354
121,831,680
Ariz.—Phoenix
Stockton
21.8
+
District—San Francisoo—
_:
Modesto
44.1
+
103.093,260
'+40.7
621,757
68,736,010
+
3,247.087
______
+ 2.5
+30.9
1,058,397
________
1,076,575
11.755.054"
6,262,711
32,924,405
1.965,420
3,497,913
______
+ 1.3
______
+73.2
______
93,2+6,161
6.1 '
—
30,231,244
2.412,727
+26.0
+34.3
+37.5
'
1,044.646
________
14.7
'
38,084,663
___
■■■■■__ _—_
82,831
3,131,176
+ 99.7
2,119,194
4,528,716
,
128,567,565
4,028.678
12.5
Utah—Ogden
94,966
166,540
2,996,786
______
________
________
_______
________
4.230.929
5,704,138
.—
172,735.773
5,540,053
22.5
Portland
Berkeley
+34.7
+59.9'
+24.8
+60.0
139.334
*200,000 "
3,273.018
43,350,687
187,700
319,700
4,083,703
69,365,224
2,562,594
1,696,438 ',+51.1
>—■.*—.
48,482,554
39,911,095
+21.5
858,203,636
561,495,210
+52.8
2,379,360
2,827,067
—15.8
4,139,000
4,959,975
—16.6
. 34,329,297
32,290,917
+ 6.3
72,066,116
60,975,507
+18.2
9,664,457
12,097,832
—28.4
2,294,210,779
1,759,827,062
+30.4
74,314,538
53,613,762
+38.6
2,273,318
2,198,000 > - + 3.4
146,590,021
144,194,302 . ;. . + 1.7
12,945,600
8,687,084
+49.0
623,704,848
510,451,684
+22.2
10.484,595
9,558,910
+ 9.7
+
.
.3.004,630
71,859,679
25,295,403
+_ —
2,273,034
> 752,502
^ 811,866
3,103,354
1
107.100,468
122,601
+55.6
+
Ida.—Boise
Outside New
237,412,919
v
+
Ore.—Eugene
(19
■i:p~ 586,000
170,022,751
94,502,222
Yakima
Total
703,000
+ 21.6
1,094,909,923
______
-—
-
Santa
,
+ 17.0
2,905,317,728
3,400,551,622
23.7
376,432,000
1,012,596,337
Twelfth Federal Reserve
Wash.—Bellingham
San
—1+0
25,639.909
1,232,218,169
115,782,922
147,215,902
34,152,000
14,406,448
9,025,946
458,545,832
45,391,316
53,060,444
11,737,000
397,794,317
3,984,986
5,493,289
2,387,420
10,769,339
Cities)
San
1,015~000
195,317,439
18,472,807
Texarkana
Long
903,000
-
&
29,214.976
r
Lake City
15.0
31,819,560
La.—Shreveport
Salt
3.0
+
+ 31.8
Arthur
Seattle
+
9,767,000
10,928,428
Worth
(11
,
13,526,956
201.845,616
901.775
' 1,652,575
9,634,155
21,631,009
4,198,925
621,749,761
17,168,150
718,860
49,582,058
3,056,512
177,672,270
2,920,836
District—Dallas-
Houston
Total
.1,378,343
11,228,000
4,727,132
3,209,511,977
-
Wichita
32,346,436
24.309,190
"
4,844,040
4,201,194,753
Galveston
Port
26.271,223
+40.3
Paso
Ft.
7.3
1,739,186
Beaumont
El
43,248,528
+
1,128,590,267
Texas—Austin
Dallas
18.3
+ 31.6
10.4
1,632,682
(17 Cities)
Total
+
1,583,637,928
Z
Wyoming—Casper
■■
18*.894,897
1,178,186
1,346,950
11,110,720
26,457,994
3,436,158
862,612,419
26,638,009
586,260
54,456,166
4,535,285
230,550,172
3,467,347
—Manhattan.——
Parsons
Topeka
Wichita
+19.6
478,343,389
591,623
335 813,985
-
Mo— Joplin
+ 24.9
32,531,192
57,794,971
>34,914,948
•'••» i
727,711,033
528,214,652
1,419,104
V
District—Kansas City—
*■
.
302,111
'920.698
Lincoln
Omaha
.
659,349,087
Neb.—Fremont
Hastings
46,271,247
i
,tj
•1.1
870,201,752
20.1
-I
871,268,657
Cities)
(16
85.800,000
jvt
+
2,340,267
99,800,000
115,500,000
<,•; I
0.9
—
13,218,369
■;(£
i
5'": V'-~
) + 24.5
143,800,000
+ 18.0
1,672,559,327
+
14,222,523
580,187,165
418.891,856
1,943,732
r .1,672,972
196,088,193
164,312,782
2,476,919
2,113,811
441,526 '-;.
385,344
15,295,450
13,325,769
2,450,000
1,465,000
1,532,932
1,087.510
5,442,932
4,656,273
14,675,195
9,984,335
1,275,514
862,703
4,347,707
4.417,474
5,695,436
3,702,346
22,272,230
17,946,278
-
Rochester
st
■
+
District—Minneapolis— + ■
16,721,572
Minn—Duluth
■«.
■
$
;
2,365,633
1.8
+
1940
1941
998,131,212
Reserve
Ninth Federal
■
Dec, %
■'"+ 26.2
3,441,000
~_i
(7 Cities)
12.1
•4
.
*
Quincy
Total
1943
10-
Inc. or
1942
'jo
Dec.
,v
1,974,026,522
13,095,959
23.7
'.: +
594,514,470
4,335,991
781,635
238,436,609
156,159,125
4,862,708
796,031
300,926,246
i
Girardeau
Independence
Cape
j£y.—Louisville
Inc. or
.
$
$
District—St. Louis_
735,385.063
at—■
Clearings
$
%
Dec.
1942
1943
Inc. or
1942
■•fe1943
Ended April
-Week
-Jan. 1 to Mar. 31-
Month of March
23.7
830,923
673,981
■Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157
The
•1455
Capital Flotations In the United States During the Month of March
and for the Three Months of the Calendar Year 1943
Total
financing
corporate
the
for
month
offered this year.
March,
of
Stock financing also showed
with public offerings for the
March
in
1943, aggregated $95,390,457, the largest in amount lor
a
Issued
1943
revival
last.
The issues in this category included
others, 65,000 shares of 5% cumulative preferred
(par $100) of Burlington Mills Corp. and 105,176 shares
of common stock (par $10) of Philip Morris & Co., Ltd.,
Inc.
There was also placed during the month an issue
any
October,
Certificates
among
Notes
of $6,000,000
capital and $38,447,228
or
40.3%
total
a
of
March
witnessed
Commission
Commerce
consolidated mortgage
its
cancellation
the
the $14,000,000 Erie
of
RR.
from
the
month's
Service
Retirement
Insurance
Fund,
Savings &
Below
total, $32,701,672 represented
Below
notes
through the competitive bidding route, which were
acquired ,by the banking group chiefly opposed to the
new
present
we
January.
February.
Bonds
*
Total
Refunding
S
$
New
Capital
Refunding
$
;'V
April-:—
May..—
Co.,
&
(Issues
Maturing
Later
Inc.,
Son,
&
Co.
*
.
F.
Rothschild
& Co., Hallgartcn
and Edw. Lowber Stokes
Lynch
ViV^VVV..-'
3Va%
RR.
L.
Leonard &
Moore,
serial
secured
'v%;V:V> ;
■
15,
1944-1953.
notes,
maturing
Purpose, refunding.
serially
yield
Offered
Inc.
Priced
to
from
1.00%
to 3.15%
according to maturity.
by Halsey, Stuart & Co., Inc. and Otis & Co.,
V
Total
$
s
7,517,000
10,315,000
72,920,126
82,846,364
155,766,490
52,928,677
275,687,665
13,195,000
4 56,708,875
18,900.500
75,609,375
46,549,770
227,012,100
2,820,000 Southern
38,447,228
95,390,457
79,085,120
39,209,300
118,294,420
86,634,370
115,287,655
201,922,025
118,900,457
208,714,121
140,956,164
349,670,285
186.112,817
617,987,420
804,100,237
97,114,003
18,527,000
115,641,003
39,469,665
107,180,735
146,650,400
103,841,600
5.806,500
109,648,100
138,513,000
63,874,177
197,102,123
260.976,300
61,685,570
90,916,785
113,390,374
equipment
trust
certificates,
due
to April 15, 1953.
Purpose, purchase of
equipment.
Priced to yield from 0.50% to 2.20% accord¬
ing to maturity.
Offered by Harris, Hall & Co. (Inc.i
Alex. Brown & Sons, Tucker, Anthony & Co., Wisconsin
273,561,870
47,829,228
1%%
Ry.
semi-annually
328,616,342
1,865,000
204,307,159
Co..
Weeden
Becker
1
—
Notes
and
:
71,071,229
iL.
First quarter
issue of any kind
every
ity. Offered by Halsey, Stuart & Co.. Inc., Otis & Co., Inc.,
Gregory
&
:
56,943,229
-
including
RAILROADS
1941——
11,330.000
•
:
and
$1,960,000 Cincinnati, New Orleans & Texas Pacific Ry. 1*4% equlpment
trust certificates,
series J, due semi-annually Oct.
V':V: 15, 1943-April 15, 1953. Purpose, purchase of equipment.
Priced to yield from 0.40% to 2.05% according to matur¬
March
76,827,430
March
Corporation,
'
2,798,000
-~
...
$
Insurance
Corporation.
Than Five Years)
1942 AND 1941
New Capital
Total
Fund,
March, 1943
tabulation of figures since Jan¬
a
-1942
-1943—
Refunding
Retirement
give complete details of the capital flota¬
we
10,000,000 Erie
BY MONTHS 1943,
OF CORPORATE FIGURES
$
Deposit
Insurance
during March,
Long-Term
1941, showing the different monthly amounts of
as revised to date. Further revisions
of the 1942 figures will undoubtedly be necessary from
time to time, particularly as additional private financing
is brought to light in annual reports and other places.
3V4S, the first utility issue publicly
Capital
Service
Details of New Capital Flotations During
uary,
offering of $20,500,000 Public Service Co. of New Hamp¬
New
Federal
Loan
and
money
corporate financing
previous sale, and offered by them to the general public
The flotations for the month also were featured by the
^yV-VVVvVV-
Foreign
of
3y2s, sold directly by the road tc
SUMMARY
Fund,
brought out in that month.
$16,914,500 refunding operations. For the three months
this year municipal financing reached $156,142,104,
of which $83,132,104 was for new capital, as compared
with $209,615,576 for the first quarter of 1942, $135,937,339 thereof representing new financing.
1st
banking connections without competitive bid¬
ding.
However, under the instructions from the Com¬
mission the Erie offered $10,000,000 secured serial 3 Vs %
1st mortgage
Life
financing for March dropped to $49,616,$57,236,250 reported in February.
Of the
Municipal
usual
shire
Civil
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund, Postal
Savings System, Government Life Insurance Fund, National Service
tions
172
the Interstate
by
438,242,000
971,979,000
March.
nancing for the quarter.
and
of
29,492,000
91,411,000
Federal
months of 1942, $208,714,121
ital
467,734,000
for three months.^ -1,063,390,000
private route, numbered ten, aggregating $46,100,000, and
representing slightly over 38.8% of total corporate fi¬
$349,670,285 for the first three
thereof being for new cap¬
$140,956,164 for refunding operations.
As noted in our compilation for. February, the montf
with
pare
for
totaling $4,800,000 or over 36.3% of the February aggre¬
gate and $8,500,000, or 82.4%, so disposed of in January.
For the three months, total issues placed through the
The total financing for the three months ended
March 31, 1943, footed up $118,900,457, of which $71,071,229, or 59.7% was for the new capital and $47,829,228 or
40.3% was for refunding purposes.
These figures com¬
22,962,000
415,280,00.)
♦Comprises sales oi 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,
com¬
Issues placed privately in 'March, consisted of four
issues, aggregating $32,800,000, and represented 34.3% of
the' month's
total.
This compares with three
issues
purposes.
38,000
23,454,000
Total
'
for refunding
was
22,000,000
44o, /o4,001)
-1
Total
;
pany.
000,000 from the public as part oi the regular war fi¬
nancing program.
■
" ' ' i.
Of the month's total, $56,943,229 or 59.7% represented
new
20-year 3% debentures of the latter
Net Issued
$
March--.
corded.
month since June, 1942, when $138,513,000 was re¬
The March total compares with $13,195,000 in
February, 1943 and $118,294,420 in March, 1942.
The in¬
crease
in corporate financing for the month may be
ascribed to the better tone that has prevailed in the-1
security markets generally and also the anticipation ol
the impending Treasury drive in April to raise $13,000, -
Retired
$
■
first time since
_
June
&
&
Co.,
Blair,
Inc.,
Bonner
&
Co.,
A.
G.
& Co., Inc., Graham, Parsons & Co., The Illinois
Chicago, Bacon, Whipple & Co., Kebbon, McCormicit
Co. of
Co.,
and
McMaster
Hutchinson
&
Co.
$14,780,000
Second
86,019,070
277,783,033
'
quarter.—_
194,260,627
363,802,103
417,673,232
PUBLIC UTILITIES
611,933.859
$20,500,000 Public
Service Co. of New Hampshire. 1st mtge. bonds
series A 3V4%, due 1973.
Purpose,
(refunding, $18,929,000) i reimburse treasury for capital expenditures, corpo¬
rate
purposes,
etc.,
($1,571,000).
Price,
108
and
int.
Offered by Halsey, Stuart & Co., Inc., Dick & Merle-
380.373,444 1,035,660,652 1,416,034,096
486,497,154
226,975,234
713,472.388
July—VVi—lJ
August
w':y. VVV--V
27,509,976
32,719,350
60,229,326
47.069,170
86,628,380
133,697,550
58,600,000
6,018,000
64,618,000
327,402,743
74,427,157
401,829,900
September..
28,445,586
30,436,500
58,882,086
34,264,713
161,391,300
195,656,013
114,555,562
69,173,850
183,729,412
408,736,626
322,446,837
731,183,463
'
601,052,716
296,149,084
897,201,800
789,110,070 1,358,107,489 2,147,217,559
V. V. V-.~ V..'V) ;■ V
2,434,300
46,280,000
103,661,200
18,209,876
89,427,250
10,621,010
43,845,700
13,530,876
64,828,990
75,450,000
80,002,863
59,061,554
139,064,417
V17.734.310
122,205,566
139,939,876
273,091,313
198,495,874
471,587,187
618,787,026
418,354,650
1,037,141,676
Six months.
Third
%V
_
quarter-..-....
Nine months
——
-
■
,
Smith,
Ladenburg, Thalmann & Co., W, C. Langley &
Co., Blair & Co., Inc., Otis & Co., Wertheim & Co., R. W.
Pressprich & Co., A. C. Allyn & Co., Inc., Bear, Stearns
& Co., Equitable Secur. Corp.,
Graham, Parsons & Co.,
Newton, Abbe & Co., Hallgarten & Co., The Milwaukee
Stifel,
Co.,
Oc tober—^
I. „
„
November—..—!
•
4,679,000
,
.,:
December
Fourth
quarter
Twelve
months..—-
97,050,220
42,384,100
'
200,711,420
Nicolaus & Co., Inc., Field, Richards & Co.,
Inc., Gregory & Son, Inc., The Illinois
Chicago, Riter & Co., E. W. Clark & Co., Ames,
Emerich & Co., Inc., Bacon, Whipple & Co., The First
Cleveland
Corp.,
Hirsch,
Lilienthal
&
Co.,
McDonaldCoolidge & Co., Stern Brothers & Co., Blair, Bonner <fc
'
Becker & Co.,
A. G.
131,811,350
Co.
!
of
Co.,
0
Hawley, Shepard & Co., Kebbon, McCormick & Co,,
Mullaney, Ross & Co., Nashville Securities Co., W. H.
Son & Co., Stein Bros. & Boyce, Edw. Lowber
Stokes & Co., Walter Stokes & Co., Chas. W. Scranton
1,062,201,383 1,556,603,363 2,618,804,746
Newbold's
Revised.
.
&
*
Average rate on a bank discount basis, a Comprised of three sepa¬
rate series,
of which series E have 10-year maturity, are sold on a
Treasury Financing in March
The
during
Treasury
March did
not bring out any
discount
basis
75, and yield 2.90%;
at
series F have a
12-year matur¬
special issues and its offerings were confined to the
usual weekly Treasury bills, War Bonds, Tax Anticipa¬
tion Bonds and Depositary Bonds.
'
r
;
and yield 2.53%; and series G
have a 12-year maturity, are sold at 100, and
bear 2V2%>
interest,
b Comprised of six separate issues, designated Treasury notes of tax
series A-1943,
tax series B-1943, series A-1944, series B-1944, series
with its offering of bills dated March 17,
increased its weekly amount by $100,000,000 to $800,000,000.
As the amount of bills maturing was $600,000,000
A-1945
The Treasury
003,392,000.
>
Savings
Bonds
sales
in
FINANCING DURING
Due
Dated
I
Jan
-
day Treas.
bills
13
91
day Treas.
20
91
day Treas.
bills
bills
27
91
day Treas.
Jan
1
U.
S.
year,
OF
Depositary
Jan
Tax
bills
,:'4,750,000 Washington
series,
bank
Accepted
1
Refunding
$
V% $
Indebtedness
600,104,000
601,142,000
due
200,704,000
505,072,000
196,439,000
504,529,000
702,344,000
due
452,898,075
452,898,075
January—.
4.324.555,996
1,810,611,000
500,044,000
10
91
day Treas.
bills
704,732,000
501,485,000
203,247,000
703,107,000
700,206,000
501,422,000
201,685,000
501,722,000
198,484,000
1,588,495,000
622,731,000
1
91
day Treas.
bills
91
day Treas.
bills
Treas. Ctfs. of Ind.
Dec
31
Jan
6
91 days
1,242,588,000
600,104,000
99.910
*0.357
Feb
Jan
8
Jan
13
1,228,004,000
601,142,000
99.908
*0.363
Feb
Jan
15
Jan
20
91 days
91 days
1,306,648,000
701,511,000
99.907
*0.366
Feb
Jan
22
Jan
27
91 days
1,016,768,000
702,344,000
99.906
Jan
1-30 Jan
1
1,259,291,921
a
a
1-30 Jan
10-12 yrs
12 years
1,259,291,921
Jan
7,265.000
7,265,000
100
2
Jan
1-30 Jan
2 years
452,898,075
452,898,075
100
b
500,000
;
Bds
897,702,465
•
Total
Mar
29
for
7,328,000
7,328,000
Notes
456,635,325
456,635,325
3
91 days
91 days
1,301,770,000
5
Feb
Feb
12
Feb
17
91
days
17
Feb
24
1,953,727,000
Jan
21
Feb
1
91 days
1 year
Feb
1-28 Feb
1
10-12 yrs
897,702,465
Feb
1-28 Feb
12 years
7,328,000
Feb
1-28 Feb
2 years
456,635,325
3,000,000 Master
6,382,747,790
3,593,168,000
91
day
Treas.
bills
701,274,000
503,206,000
day
Treas.
bills
705,256,000
504,821,000
Total
26
5
for
1,041,767,000
'
3
91
01
Mar
days
200,435,000
days
Mar 12
Mar 17
91 days
Mar 19
Mar 24
91
Mar 26
Mar 31
Mar 1-31 Mar
1
Mar 1-31 Mar
Mar 1-31 Mar
days
91 days
10-12 yrs
12
years;
2 years
Total
for March-for
three
Co.
and
and
Mason,
Electric
due
Co.,
3% %
10-year
Co.
1,
March
and int.
1953.
sinking
Purpose,
fund deben¬
working capital.
Offered by McDonald-Coolidge
Eastman,
Dillon & Co., Otis & Co.,
&
&
Co.,
and
Co.
Doolittle,
George
D.
B.
Schoellkopf
&
Bonbright &
Co.,
Ball,
.
& Co..
Emanuel
Co.,
Paine,
Fahey,
Coons
Co.
day Treas.
bills
802,171,000
600,722,000
201,449,000
day Treas.
bills
bills
802,051,000
600,709,000
201,342,000
due
day Treas.
805,048,000
602.950,000
202,098,000
99.906
*0372
Mar
1
U.
954,438,338
99.906
*0.373
Mar
;
S. .Savings Bds
Depositary Bonds_
and
int.
Offered
by
Lehman
Brothers, Glore, Forgan & Co., Bear, Stearns & Co., A. G.
17,880,000
17,880,000
99.906
*0.374
Mai-
Tax
446,755,800
446,755,800
a
7,328,000 100
s
b
456,635;325
954,438,338
Becker
&
for
Total
for
March
„
5,234,874,138
2,812,408,000
705,256,000
1,302,725,000
1,329,871,000
802,171,000
99.906
*0.373
802,051,000
99.906
*0.373
1,101,144.000
805.C48.000
99.906
*0.374
15,942,177,924
8,216,187,000
7,725,990,924
&
three
; .:v /■
months.-
1943
FINANCING
Issued
Retired
$
Certificates
".
20-year 3% debentures,
bank loans, working
pay
Inc.,
B.
Branch,
Cahn
&
Cabell
Co.,
&
Co.,
Davenport
Alex.
&
Co.,
Brown
R.
S.
$
48,500,000
17,820,000
30,680,000
21,050,000
110,120,000
179,670,000
38,870,000
Lord,
Co.,
Freres & Co., W. L. Lyons <fc Co., Mackubin, Legg & Co.,
Laurence M.
Marks & Co., Mason-Hagan, Inc.,
Merrill
Lynch, Pierce, Fenner & Beane. Paine, Webber, Jackson
& Curtis, Reinholdt & Gardner, Riter & Co., Schwabacher
& Co., Scott & Strlngfellow, I.. M. Simon & Co.,
Stein
Net Issued
131,170,000
Notes
140,800,000
Bros.
17,880,000 1 00
2
Total, January
446,755,800 100
b
February—
months—15,942,177,924
Co.,
Frank
Inc.
Hallgarten & Co., Harriman Ripley & Co., Inc.,
Haupt & Co., Hayden, Stone & Co.. Hemphill, Noyes
Hirsch, Lilienthal & Co., Hornblower & Weeks,
Kuhn, Loeb & Co., Ladenburg, Thalmann J? Co., Lazard
&
a
5,234,874,138
&
Sonsii
Ltd.,
Purpose,
103%
Ira
January—
a
954,438,338
& Co.,
1963.
Dillon, Read & Co., Domlnick & Dominick,
Emanuel & Co., Goldman, Sachs & Co., Granbery, Marachc
2,422,466,138
•INTRA-GOVERNMENT
1,382.297,000
1,
Price,
Dickson & Co.,
Total
'
Morris
March
capital.
2
100
Notes
6,000,000 Phiiip
v;.;
a
897,702,465
-
%
Antic'n
*0.371
&
91
*0.3S9
——
Loewi
Co.
91
99.907
446,755,800
Co.,
Allyn
91
253,000,000
Notes
162,986,000
(——
Total
for
February——
& Co,,
G.
Certificates
Total
&
C.
Mar 31
99.906
17,880,000
working
Republic
A.
Inc.,
Mar 24
701.274,000
954,438,338
Coons
&
bank
pay
*0.369
6,382,747,790
.1,394,541,000
Ball,
loan,
Central
Sons,
int.
Rollins
H.
sinking fund bonds,
Offered by
Purpose,
and
Co.
5%
99.907
2.211,226,000 100
February.
Mar 10
E.
&
debentures,
701,811,000
'
Mar
par
100
Clark
198,068,000
91
Sachs
1st mtge.
fund
corporate purposes.
life
insurance com-
of
Merrill Lynch, Pierce, Fenner & Beane,
Webber, Jackson & Curtis, The Milwaukee Co.,
2.789,579,790
3
sinking
Creamery
Riter &
f
Feb
retire
704,732,000
703,107,000
6,402,093,000
10
3:%';
700,'206,000
'
1,114,274,000
Feb
Feb
February
and
due
Price,
Mar 10
4,324i555;996
January—
Feb
for
4Vis, $2,250,000),
privately.
general
group
1954.
&
tures,
Bonds-
Antic'n
Tax
Inc.,
Co.
Co. of Calif. 1st mtge. 4 V2 %
serial
serially March 1, 1944-1955. Purpose, refund¬
working capital, ($224,772).
Price, 97.74
and int. to 102.79 and Int. according to maturity.
Offered
by Dean Witter & Co.
2,211,226,000
897,702,465
Savings
&
($275,228).
ing
•
3%
a
1,
Knudsen
&
Mar 17
Total
S.
Depositary
with
Price,
Inc.,
bonds,
*0.370
U.
1
Co.,
&
Turben
MANUFACTURING
Inc.
Purpose,
Goldman,
through
(Inc.i,
Co.,
201,767,000
17
Placed
AND
Co.,
19)5.
privately
Dec.
Co.
2,513,944,990
701,811,000
Can
1,
capital.
7,265,000
'
Jan
INDUSTRIAL
Dec.
panies
1,259,291,921
7,265,000
day Treas, bills
24
(refund
Purpose
($2,500,000).
1,250,000 Deerfield Packing Corp.
197,815,000
91
Feb
1963.
:$14,000,000 Continental
199,532,000
400,438,000
701,511,000
3
Feb
Yield
•,
due
Placed
Feb
$
Merrill,
$25,250,000
$
400,572,000
Feb
for
Wurts, Dulles & Co.,
Elkins, Morris & Co.,
Exnicios
Gas Light Co. ref. mtge. bonds,
(D. C.)
loans
Moran
Total
Inc.,
New
1,259,291,921
Notes
Ferris
FUNDS
Bds
Antic'n
Co.,
Daniel F. Rice & Co.
•
series
Bonds.
Savings
Jan
1943
Price
91
6
Feb
Accepted
Applied for
a
Cummins, Inc.,
Curtiss, House & Co.,
Co.,
1.07%.
about
/
Jan
Amount
Amount
Date
Offered
Type of
Security
Dated
Jan
$446,755,800 and deposit¬
ary bonds $17,880,000 so that the Treasury by its March
operations was $2,422,466,138 better off.
In the tabulations which follow, we outline the Treas¬
ury's financing activities for 1943.
TREASURY
1,92%
Total Amount
Jan
March were somewhat
Tax anticipation notes yielded
STATES
C,
about
earn
&
OTHER
%
larger than in February, aggregating $954,438,338.
UNITED
and series
A
;
I
1-
•
.
Series
USE
in this way was able to better its portfolio by $1,-
War
about 0.48%
B,
C-1945.
series
$500,000,000 as in previous weeks, the Treas¬
instead of
ury
ity, are sold on a discount basis, at 74,
and
Wheelock &
Co.,
Courts
Farwell, Chapman &
Folger, Nolan & Co.,
415,986,000
23,049,000
H.
& Co.
229,951,000
&
Boyce, Stern Brothers & Co., Stifel, Nicolaus
Inc., Swiss American Corp., Union Securities Corp.,
& Co., Watling, Lerchen &
Co., Wertheim
Walker
and White,
Weld & Co.
162,986,000
$24,750,000
23,049,000
392,937,000
(Continued
on
page
1458)
Capitl
New
Total
891,40 9,278651
48,09140
$
58,179 1 4,3250 104,6721
$
Capitl
$
-
16,95720 3,70,0 10,87 241
$
-
201,9205
15,28765
1940
4,0 ,0 1,250 92,73041
Refundig 83,602 31^607,45
$
10,7950
Refundig 39,20 3
61,502 15^039,6 2,53 20
7, 50, 0 8,207 50 1,0 ,0
$
Refundi g 3,0 ,0 35,9 0 30, 0 1,50,60 10, 0 2.876,0
•-. V7-;
67.32,0 12,0 0 6,50 0 7,31 457 2,50
Emm
13,750
13,750 35.0 ,0 32,6905 24,50 "786, 6 1,50 0 103,79 50
17201,28 i~6 ,6 o 12768,953
20 ,0
16,95720
6,120, 0 73,0 0 30. ,0 1,50 0 10, 0 2,932,0
$
14.570,241 7.50 8,407250 176 ,6 1.26,8 1706 ,06 12,68953 31.527491
:
1,695.0 62,70 25 6,120 107,263.45 30. ,0 28.1 ,60 10, .0 2,982,0
3,96 425 26,1 60
309,20
83,60.2
31,607.45
15,408 5,97180
2,35.970
26.1,0
1,6950 30,62570 3.120 39,60.97
26,1 0 loeTo o 17.35,80 86,3470
8.2 10
6,01750
2,53.20 17,54.920 5,60 56,3081
34.817,50 18.0 , 0 973.50 2,53.20 18,294 0
106,0
5,6 0, 0 48,06 0
28.0 ,0 18,0 0 973,50
10,7950
——192 Refundig 32. 5780 6,0 0 973~5o6
Capitl 5,60 15,802 2,0 0 18,0 0
61,502
95,30457 54,830 49,61 72
■
'iA' v.
~
$
~
$
New
15,28765
32, 580 0. 0 97L50
Too
6
-*93,0 0
8,2 10
69,5730
493,0
14,780 25, 0 2,50 24,750 276 ,6
Total
309,20
31,60745 3.0 ,0 67,02.45 30. 0 1,50. 0 10, .0 2.876,0
39,203
Total
New
17,45.0 201,9 025
15,70 139,6520
3,120 37,05
Capitl
58,179
14,95 28 1,0 0 12763,95 28,31024 42,750. 40.67,30 1,0 0 25741,28 176 .6 23768,953 135,2641
3,0 0 3,0 ,0
Total
87,61091924,83362 CNOORPGERAWTUFEPI
GOVFEORNCRMEIPGT,NAT,
$
87,04950
79,085120 8.60, 21,80416
15,03960 2,53,20
$
Total
8750,6
New
162274,3036,811058957496GFoetvdhrfnamrgoln.mcyYFSFTMOEIUAHAIVTNSRNICSEHRDE
FTMOYFINELFAAHIVORAUCCRPSGMND
$
New
Refundig 35,0 0 32,6905 10,5 0 "780,6 6
70,50
10,7 51 30,150 5,01943 3,960 6 18^57,48
9,7451
20 .0
3,0 ,0 3,0 0
39,20 3 21,350 27.085,32
New
Capitl
104, 630
18,294 0 30,1750 48, 934
Capitl 5,97180 29,46750 1,950
-1942
87560, 6
86,3470 9.40 86,7520
$
Total
V:;
'$O■. 42,750 40,7630 1,0 0 10,5 0 "780.6
Capitl
1941
ro.so
350, 0
48,09140
'
4,0 ,0 20,56 0 179,64851
-
-1941
':■■■
750, 0
31,527491 5,60,0 34,510746
139,6520 61,075 2 1,950
~
New
Total
Total
New
103,7905 17,920 49,0540
Refundig 87,049 50 3,0 ,0 13,750
-1940
Capitl $
750, 0
135,2641 23,590 83,570146
104, 630 3.0 ,0 17,450 10,87241
S
30,150 5,1 943 3,90 0 8,2 197
31,94728
13^48,62
12,0 0
12,0 0
2,53 20 17,54920 5,60 24.07,30
6,81750
46 ,795
39.203
"
28,1750 18.0 , 0 2,53,20 79,085120
13,8745 14,780 25, 0 2,50. 50.98,62 27518,795 493,0 95,30457
~
'
._
-1943 Refundi g 31.947,2 8 6,50 0
.
$
Capitl
OSUMFARY
55
New
35,7 2 12,0 0 7,31 457 2,50
38,4728 54,830 16,9450
s
■
10,9728 ACNHARDTE Capitl
56,94329 32,70162 89,64 01
Sc_ &._; mbuanitcfpuoltensdydies
275,2 8
-1943 Refundi g 10, 0 21, 790
New
$
4,780 4,071 0 2,50 24,7 2 2,05 0
6,50 0 10, 0 21,790
6,50. 0
6,84 62
12,0 0
12,0 0
37,6257
46 ,795
493,0
6,7528
7,31 457 4,780, 0 4.071,0 2,50. 0 43,2 43
2,518,
—,heoltdcin.g —; ._— - manufctrig _: — - hoeldticng., :—_ manufctrig —Ik, hoeldtcin.g, manufctrig: ; hoeldticn.g,
- manufctrig
38.47,28
56.943,29
OFMARCH
OMARFCH
toa_lNLBconotegans-T-dersm utiles esccottopeall,,,Eqmuaniupfmct.reenst anoid-indausntrdl bueildt—ncgs, tItnrraveudstsimngn,,Micelanous NoBStheoaosrnt--Tdesm; utilesecscottopearl,l,,Eqmuanuifpme:nt aacesn.oridinadunstrdl beuildtncgs, -— trItnarvuedsistnmgn,,Miscelanou : utiles-eccsotpotearl,l,,Eqmunuifpment acaesonri-—d. inadunstrdl be;uitldc.n-gs, ttrIrnavudessitnmgn,,Miscelan.ous i.._ \'v: iutiles escctotope.—arll,,,Eqmaunuifpment:aacesno—ridindausntrdl beuildtncgs, . ttIrnravuedsstminng,,Miscelanous sceocrupritate
Domestic- boannodtedss Short-em stock stock- boannodtedss Short-em stock. stock foreign— bLoonangn-otdeterdmss Short-em stock [stock ;corp ate Governm t forgeoveirgnmnt., LGeoaaanvncdtie,s S"Maunicepasl,,SPostaeeisn fidingnculuroedest
Corpate—
MONTH
Long-term Pref red Com on Candian Long-term Pref red Com on Other Pref red Com on Total
Can dian Other
Grand
Farm
United
"These
MONTH
Total
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Oil
Total
Railroads
Public Iron, Motors Other Land, Rub er Ship ing
oil
Stocks-
Railrods
Tota,l
Public Iron, Motors Other Land, Rub er Ship ng
Total—
Railrods Public Iron,
Mot rs Other Land, Rub er Ship ng
Oil
Total
Total
$
-
219,830 9,60,0 37,198.40 16,4 85
283,1 25 23,0 0 483, "0 276,94827
$
S
1,069482
195,8.960 3,0 ,0 51,320 51,7 2 301,283
87,938295 20, 0 432,5610 25,17295 765, 2 50
Capitl
45,6023 13,0 0 71,957690 25,76 41
56,137 74,870 340,2537 1,625,0 982,0 68
Total
Refundi g 386,51082 3.0 ,0 63,784 1
453.1 ,463 68,470 189,7083 71,32546
Capitl s:. 69,251. 8 10, 0 8,17309. 25,7641
6,40.0 150,43.25 1,625,0
New
--
42,1350 15,207 1,50 0 3,90,0 42,0 6 1,94I760 50 ,0 2,30,0
; Refundig 12.0 ,0 107,680571,50,0
Refundi g 152.81,60 7,0 ,0 35,029 0 '309,10
Capit l S. 67,03140 2,60.0 2,169.40 16,375
-1930
*
Total
—103
50 ,0 5 0, 0
2.50 . 0 9,60 , 0
5,0 ,0 2,0 ,0
18,97 803 "93676 6 i7"5~o76
30,150 7,518,943 3,9076 23742,197 1,0576
New
5,0 ,0 2,0 ,0 10 ,0 0
7,0 ,0
10 ,0 0
70,50
36^570 16, 7 5 750, 0
309,10
35,029 6
936, 6
35, 810 17.0 0 14,7 .057 1,50 0 19,286903
70,50
15,8 65 750, 0
2,50 . 0 2,60 , 0 17628,6
53,6452 47,1350 153,864.0 1,60 0 3.90,0 58,"67 5 750, 0 1,941,0 50 ,0 0 4,870,50 283,1 25
1,750 6
195,8960
18,30715 30,15.0 9,146.943 10 ,0 3.90,0 39.280,52 750, 0 1,0 5,0 50 .0 0 3.120,50 87,938295
;
Total
$
-1940
:
7
New
13,01268
"
'X
§ 64,2350
.
205,68230 105, 0 1,0 ,0 13725.06 10, 0 1,805,0 1,0 ,0 52,60 0
13,0 .0 13,0 0 53,17.690 1746 76 26,947 8 1,40,0 1,0 .0 13704 953 97,534 1
Refundi g 5,493602 174.53, 0 105, 0 10.5 ,0 10. ,0 1,35,0 29,467930
5 5,0 0
Capitl 8,741.398 31,47 50 1,0 ,0 3725,0
$
271,5692
45076
3.0 ,0
■
,0
64,235 258, 39 106,140
000 000 788 000 000 000 000 000 953
1,000 1,40 . 40,672 10,0 0 1,805 1,400 1,000 1,000
78,643,
63,78431 5,493602 24,568.931 05, 0 24,50 10, .0 1,35.0 32.467,930
50,34 81 13,750
,306©:
10, .0 10, 0 3,123,09 58 ,0 1740,6 13,97 8 1,40 0 1,0 ,0 13,04 953 3,750 8,741,398 34,271059 1,40 1,0 .0 1,40,0 16,42 78 ~45o7O O 1,40,0 1,0 .0 1,0 ,0 46,17 023
1,0 ,0 23,1207
New
990
•
$
-104
,0
585,0 0
465127,0983
CIOSFTSMERTUFHP3YONNAARHIDAEVE1CRDSS
GFLAOMFTVMIEUNEFH3YOARNANCRIDMVDP1CRGTS,S ftFrGmaheouondgvicprlnameysl.
2411108546480637,7,7,389992>5622,750
•
..
Total
$
'•v:v
679.153,80 34.10, 85.6 ,3257,14,12
804,1 237
Refundi g 547.982, 5 18,730 51,29 52 540, 0
4.0 .0 58,0 0 143,52691
S
-194
617,98420
'509,713 15,9670 34,7380 4,601, 2
1,94520
824,0136
-1941
Refundig 58,0 317,98 0 58.0 ,0 3.498,0 47150, 6,82 0 17,9630 21,053895
5,0 ,0 9 0, 0 7.0 ,0
5,183,0 18,730
'
421.875 349,670285 138,590 209,61576 697,8061
Total
Refundi g 130,85940 1,20,24
140,95614 81,670 73,68237 296,304 1
$
-:
71.7817 6,340,2
Capit l
$
New
421,875
New
$
51,25.0 52.18,0 5,0 0 2,9 80 3,5 0 326,0 15,346105
19,30. 0 16,5810 2,0 ,0 32,50 0 49,0 0 3,0 ,50 9576 3,65076
"
Rcfundi g 19,5086 6.49,140 12,65 0 1,20.50
$
-1942
208,7142 56,9250 135,973 401,57640
Cap.tl 19,30 42,0720 2,06,0 26,0 860 36,7450 1,80,0 " 95,0 3,65076
Total
Refundi g 41,329 8 6.50,0
Capitl 49,503.72 12,0 0 7,317,457 2,50, 0
s
New
47,829 8 90, 0 13750,6 73,01 0 324, 928
71,0 29 83,12 04 154,203
S
$
New
Other
Grand
Total
Other Farm
51,20 56,30294 5,0 0 34,812 5 3,50 326,0
2,380 27
34,192
3,97412
1, 20, 24
1, 20, 24
1392,781,546050
6.49 7l40
6,49 ,140 12.6 5, 0 1,20 ,50
95,606
21,8069 37,65940 15,0 0 2,53,20 421,875 7,423561 19,30 63, 0.26 2,0 0 63, 026 51,37450 1,80,0 2,53,20 4,071,875
13,29056
13,48762 "468,795
12,0 0
3
-
12,0 0
6,50 , 0 10, 0 2,1790
6784,62 " 468,795
12,0 0
13,8745 2,460 28,750 3,250. 58,9 62 l753076 2,518795 1,793,0
6,50,0
12.0 ,0
Refundig 10. ,0 2,1790 5,97,28 1,~38"0~,6 17 93,0 41,329 8
New
51,83 52 63,508 368,2 5 65.0 , 0 3,4980 67 92,670 6,82 0 17,9630 26,3 895
95,6 6
2,927,190 37,659~,40 15,0 ,0 2,53 , 20 421,875 78,543,785 19,30,0 70,159,40 2,0 ,0 70,159,40 64,0 ,0 3,0 ,50 2,53 , 20 4.071*875
Capitl 12,460 6,571,0 3,250, 0 27, 27 "150. 0 2,05,0 51,7372
CAHARNTDE
49.28,5 2,54 670
15,03 425,16975 70, 0 3,498,0 41750,15 70,150 18,290 60,43 27
7,317,457 12,460 6,571,0 3,250, 0 46,12 43 "150, 0 2,518,795
12,47 28 1738(7,0 10,7903",
~
bStanyeds ME3ANRD1CH Noatens-di^—ecotp,:manufctres oi-manufctrig—_ T — ._ —htorealdticn.g, ._ Notaesn-d ecotp,m:anufctres o.imanufctrig ._ throaelddtiicnngg.,, :ceopt_.,manufctr—es!oimanufctrig— _ ;.thraoedlditnicngg,, . ; ceotp._r,manuf-acesorimanufctrig ._ — — —_thraoedldtinicng.g,, 7s1ec,0urit2—9
MONTHS Corpate—- Domestic- Long-term Short-em Prefred Com on Candi - Long-term Short-em Pref red Com on Long-term Short-em Pref red Com on Candian Lean "MunicpalUnited toal. cThese
3
GONREUPFWI
-1943
561437389,6,218750910
2,380 27 90,86437
15,9670 15,9670 47 ,940 31,89645
2,460. 28,750 3,250, 0 3,250 1,~53O76 2,05,0 1,793,0 93,08 0
s
ME3NADR1CH boannodtedss stock stock- boannondtedss.: ; :stock. stoc—kforeign- bonanontdesds-. i stock stock— co:rpateGovernmtforegoviegrnmntGaagvncides,-S&tates,,SPostaeeins fdifinguncoublotroadeinsstee
$
18,90457 90, 0 10375010",156,4210 478,5261
13.290,56 7061,48 6,3402
90,83 0 12,0 0 6,50,0 7,317,457 2,50, 0
Total
-
.
$
CFOORRPEIGANT,
21,50 34,10 547063",'795 34,62315
271, 650 708
ial
Tot
SOUMFARY
5,0 ,0 9 0, 0 7,0 .0
s
Capitl
$
New
-1943
10,3 0 370,160 63,0 0 3,498,0 7142,80 70,150 18,290 36,90 0
Total
186, 2817 19,7650 164.3,92 370,514 9
Capit l
-1942
4,o 7o6 78,2650 308,16 58
Bonds and etc ! trus , Bonds : and — etc trus , Railroa;ds utiles scteoall,,Equipment and indausntrdl bueildtncg.s, • . Intvreustmsn,Miscelanous v7.i Railrods utiles sctoeall,,Equipment and indausntrdl ■tbueildtncgs, _— tIrnuvesstmn, ;Miscelan_oui corpate
MONTHS Long-Term Railroads util es sctoeall,,Equipment Maotnords industral buildngs,Ruber JShip—in:gInvestmn Miscelanous Short-Tem Railroads util es scteoall,,Equipment Moatonrds industral buildngs,Rub,er ShipingInvestmn Miscelanous
Total
3
Public Iron,
Other Oil. Land,
Public Iron,
Other Land,
Oil
Total
Stocks-
Total
Public Iron, Mot rs Other — Land, Rub er
Oil
Ship ng
Total—
Total
Public Iron, Mot rs Other -— Land, Rub er Ship ng
Oil
a
.
.
Loeb
stock
Co.,
&
&
Toronto, Out. 5l/asinking
1957. Purpose, development
of properties.
Offered by Otis & Co. in units of $1,000
of debentures and 200 shares of capital stock (represented
by
voting trust certificates)
at $1,000 (U. S. dollars)
per
unit.
' '
■
$2,250,000 Steep Rock Iron Mines, Ltd.,
fund debentures, due Dec. 1,
■
RUBBER
Weld
White,
and
Manufacturing Co. 15-year 4'i'c debentures,
due
March 1, 1958.
Purpose, retire bank loans, working
capital.
Placed privately with Equitable Life Assurance
Society of the United States, through Lehman Brothers.
$13,348,662
$1).
of
series
N,
Home Land Banks
dated April 1, 1943, due Oct. 1, 1943.
Purpose,
Price, par.
Offered by Everett Smith, New
\
V':
1
April
dated
Merck
99,750
fiscal
York,
New
sinking fund loan
$54,830,000
interest rats 4 xk %), due Feb. 1, 1948.
Purpose,
outstanding
loans, working capital.
Placed pri¬
Ladenburg, Thalmann & Co. and White,
Weld & Co.
Participants include Corn Exchange National
Bank
&
Trust
Co.,
Bank of New York, Bank of the
Manhattan
Co.,
Bank of America,. National Trust &
Savings Association, First National Bank of Jersey City,
Massachusetts Mutual Life Insurance Co., New England
Mutual Life Insurance Co., State Mutual Life Assurance
Co. of Worcester, Continental Assurance Co., and Recon¬
struction
1944.
due Jan. 3.
ties
stocks
ferred
computed
of
Co.
25,000 shares of
capital stock.
(par $10).
1,
July
of South
yield 3 Sc.
Coast Line RR.
1946.
Priced to
102,000 Atlantic
Co.
&
stock
Paine
(no
.
.
& Power Co. 1st sinking fund 5s, due
Priced to yield 2.10 a . Offered by Free¬
;
//■• /./,../■■
Electric
June
1,
1951.
man
&
CO.
MANUFACTURING
1321,354
cumulative
Harriman
Mills
65,000
Corp.
of 5%
shares
Price,;
&
The
and
Co.,
stock
Wisconsin
rill
Co.
Corp. 11,500 shares of common stock
(no
par).
Purpose,
working capital.
Price, $28,50 per
share.
Offered bv Central Republic (Inc.), E. H. Rollins
& Sons, Inc. and A. S. Allyn &
Co., Inc.
stock
984,350 Commercial Solvents Corp. 75,000 shares of capital
(no
par).
Price. $13.12>/a per share. Offered by Mellon
Packing
327,750 Dcerfield
Securities
•
stock
6,520,912 Philip Morris & Co., Ltd., Inc. 105,176 shares of common
stock (par $10). Purpose, reduction of bank loans.
Price,
$62 per share,
Offered to stockholders, unsubscribed por¬
tion taken by underwriters as follows: Lehman Brothers,
Frank
&
B.
Goldman,
Co.,
&
Hallgarten
Haupt
Co.,
&
& Co., Harriman
Hayden, Stone &
Ripley & Co., Inc., Ira
Co., Hemphill, Noyes &
and State taxes,
net assets (rep¬
$795; provision for accrued Federal
payable April 10, 1943, $40,922;
186,011 shares of stock,' par value $1),
received),
dividend
$9,871;
resented by
$5,730,731.—V.
Co.—Orders Received Up 41%—-'
Electric
General
.
Dollar
Increase
41'A
1942
$422,047,000 $299,120,000
1943
Quarter Ended March 31—
Orders
received
Each
$5,667,666;' total,
1081.
157, p.
all sources in
31 cents was spent
23 cents
it is an¬
nounced.
Of l he 7 cents remaining, 5 cents went to stockholders or
for reinvestment in the business, and 2 cents was set aside for depre¬
ciation, for the
use
and replacement ol buildings, machinery and
company's
this
of
dollar
each
of
Out
from
income
to employees as earnings,
39 cents was paid
1942,
of motorcar will appear on the streets, whereas "it
'postwar Car' will be evolutionary in. its devel¬
on
Dec.
materials, goods and services purchased from others and
went to the Government in Federal, State and local taxes,
of assets
value
Income:
dividends
on
Statement, Three Months Ended March 31
1943
1942
Revenue
/
$27,327
2,756
3.307
112
stocks— J--———'$28.140
on
3.274
4,154
112
dividends
—
on bonds and notes
—
from lapsed options—-——,
stock
Interest
lor
equipment.
The disposition
of
the company's
of
dollar
a
total income
As
other
and
imately
(from
except
For
all
able
and
other
all
for
the
use
and
replacement
and
equipment
the
To
the
in
the
0.35
0.21
0.13
0.02
0.03
0.03
—i
interest and
Debenture
indenture
benture
$1,541;
$11,707
0.08
0.13
preferred
stocks,
$356,877;
and on
debenture
accrued
157,
p.
$1.00
SI.00
income
Total
$1.00
1361.
Gas
General
Corp.—Preferred Dividend—
Electric
&
Commission has granted the request
of this corporation to declare and pay out of capital surplus a quar¬
terly dividend of $1.25 per share on its $5 prior preferred stock for
the quarterly period ending March 15, 1943.
Payment is to be made
only 011 the 32,110 shares of stock in the hands of the public, the
trustees of Associated Gas & Electric Corp. having waived collection
of dividends on
their holdings of 27,889 shares until further order
Securities
The
$35,377; preferred dividends
accrued, $29,612; taxes accrued,
payable,
interest
payable,'
$2,911;
credits. $562; convertible debentures, 5',/ due 1953. $2,369,000; preferred stocks (no par), $110 per share upon redemption or
liquidation, or $100 per share upon involuntary liquidation,
plus accrued dividends: authorized. 43,410 shares, $6 dividend series
(no
par, 18,120 shares)a $543,600; $5.50 preferred dividend series
(no
pur, 210 shares),
$6,300; common stock ($0.10 pari, $66,989;: capital
surplus, $2,058,932; earned surplus—deficit—$59,600; total, $5,087,452.
—V.
157, p. 473.
of
the
The
held
Exchange
and
stock,
account
of
amount of
the dividend,
/— / ■
$40,138.
is
directors
The
have
declared
accumulations
on
a
is
April
payable
bution
per
the
of $1.25
preferred
share on
stock, no paV
per
for
the
30
Motors
General
to
quarter ended
Corp.—Post-war
Car
Outlook—
probabilities appear to indicate that our immediate postwar
will be the 1942 car with such modifications and improvements as
be made without important engineering development or changes in
Current
car
can
Sloan, Jr., Chairman, declared on April 9 in a special
message to the corporation's automobile dealers,
The reasons why circumstances point to the 1942 car with modifi¬
cations as the immediate postwar car, so far as General Motors is con¬
tools, Alfred P.
"is that its technical organizations have been,
apparently will be for some time to come, most inten¬
cerned, Mr. Sloan said,
now
are,
and
status of the highly tech¬
part of the war effort.
This job is
'must' in the war effort."
sively engaged in advancing the engineering
nical products
of
supreme
Mr.
RR.—Earnings—
10 Days
1943
Period—,
Operating
—V.
p.
End. Mar. 1
•
$47,750
revenues
now
being made as
importance.
Sloan warned' the
It
is
dealers
a
there is a danger of the public becom¬
ing more and more convinced that as soon as peace is re-established
A
stock
$2
Jan. 1 to Mar. 31
1942
1943
1942
$44,940
$452,276
$446,560
Co.—Smaller Dividend—
quarterly dividend of $1.75 per share was
on
April 15 to holders of record April 1.
Share
per
Jan.
15,
1943,
paid on the common
This compares with
quarter from April 15, T942,; to and
$2.25 per share in preceding quarters.—V.
each
paid
and
of capital stock
Originated with Smith,
shares
2,000
per
share.
/'//// ■-/
v
cumulative preferred
share/ - Offered by
.
'Indicates special offerings.
privately.
placed
Co.—Annual Report
1942
-1941
$20,652,535 / 57.720,768
selling, admin, and
and amort.)-_//
(incl.
charges
13,725,412
Amort, of
Other
sales.../-
from
income
,
L-1/
Total income —.„1,
:
deductions
Other
income
Wisconsin
Federal
and
tax
stock
capital
surtaxes.-.
$1,968,359
38,703
$6,653,690
195,764
398,270
(parent plant)-/
facilities
emergency
income
$2,195,124
62,519
164,247
$6,580,304
73,387
Depreciation
5.525.643
$6,927,123
60,948
285,872
■
/
profit
Operating
$2,007,062
156,211
109,018
87,250
81,250
z-
329,887
surtax-.—;264,155
4.605,824
Federal post-war refund of excess profits tax.../.
Cr460,500
Appropriation for inventory price decline and
income, and
Federal normal
profits tax.
excess
other
500,000
contingencies
!—/'
...
$659,629
375,017
$2.19
Dividends'paid
$3.56
Earnings per common shares-—
income for
1941 has been adjusted to give effect
the year
payments
additional
to
1942
in
1S41
of
stock,
capital
income
profits taxes aggregating $30,521.
Certain reclassifications
of 1941 items without affecting net income.
excess
been
■
$1,068,926
375,018
for the year
income
Net
665,067
.i-...;—.—,
and
have
made
Balance
Sheet,
Dec.
31,
1942
$3,911,026; U. S. Treasury
bonds, S99.OC0; accounts receivable, $1,184,201; inventories, $3,296,063;
Govt, contract receivable (current), $261,484; due from Defense Plant
Assets—Cash
in
banks
and
hand,
on
Corp., $30,308; deposits with subcontractors, $433,116; accrued interest
receivable, $942; advances for travel, expenses, etc. (officers and em¬
ployees), $1,528; non-current assets (incl. post-war refund of Federal
profits tax, estimated, of $460,500), $1.248 690; parent plant (less
reserve
for
depreciation of $578,060i, $491,527; emergency facilities
(less
reserve
for
20%
amortization, $450,923), $1,100,958; deferred
excess
charges, $50,317; total, $12,109,159.
Liabilities—Notes
payable
;
installments,
(banks).—current
$234,272;
$364,164; accrued liabilities,' $175,684; Federal
$81,250; Federal income and excess profits taxes
payable
cap¬
(less
and accrued interest to be applied
in partial liquidation thereof, $3,623,4401, $1,246,540; Wisconsin income
and surtaxes, $398,270; Federal Income and excess profits taxes, prior
years
(estimated 1, $6,000; other current liabilities, $4,554,380; notes
payable, banks Hless current installments of $234,272), $664,972; re¬
serve
for inventory price declines and other contingencies, $500,000;
common stock
($2 par), $600,000; capital surplus (paid-in), $1,408,064;
earned
surplus accumulated since Dec. 31,
1935, $1,875,562" total
$12,109,159.—V. 157, p. 1361.
stock
U.
tax,
S.. Treasury
tax
savings notes
incl.
155,
1511,
p.
Co.
per
sales
ital
1270.
Georgia RR. & Banking
applicable to the publicly
1
dividend
$5 prior
holders of record April 15.
This distri¬
MarciV 15, 1942,
A payment of $1.25
share was made on the $5 prior preferred stock on Dec. 31, last,
only disbursement in that year.—V. 157, p. 41.
value,
the
Georgia & Florida
Commission.
aggregate
6'/
Giddings & Lewis Machine Tool
accounts
157,
Jr.
Price, $67'/2
&, Co.
for de¬
voluntary
-V.
Co.
Wiesenberger &
Calendar Years—
"The net
total. $5,087,452.
Liabilities—Accounts
0.05
Securities Corp. 6,600 shares of
par). Price, $7'l4 per share,
Sold
,
issues
"Indicates
1943
bonds, $293,247; U. S. Govt/ securities, $200,000; cash in banks
hand, $535,511; accounts receivable, $58,404; dividends and
interest receivable, $12,415;
office equipment (less1 allowance
$33,769;
per share./
.//
Foreign
Wrigley
par).
of capital stock
Offered by Dillon,
;// - v $'//'/' - /;•/■//;-
shares
40,000
J.)
■
(no
'
$18,847,200
30,039
$6,711
profits or losses)
Sheet, March 31,
$3,629,457;
stocks,
Assets—Common
1,785
29,940
——:
Net loss (exclusive of secur.
preciation),
-
payable under de¬
taxes
Balance
13,386
015
:
:
$33,503
11,836
Z—•
—
—
unadjusted
re¬
income)___
(net.
business
as
0.31
0.23
of buildings,
(deprec.
stockholders—as dividends or
invested
$0.36
0.31
•
:
year.„_
machinery
For
$0.37
$35,680
t-i
—
1940
has
purposes
as shown below_/__-»-^__.--„^.—
Federal, State and local taxes pay¬
lor
1941
years,
purchased
goods and services
others,
approx¬
$0.33
three
'
employees-..-.
earnings of
For materials,
from
past
the
in
sources)
follows:
as
been
1942
sales
Total
Expenses
shares of capital
Offered by Dillon,
100,000
Inc.
$50.75
Arthur
by
(William)
Barney
Federal
Taxes
of
shares
Originated
^
Virginian Ry. 9,400 shares of
(par $251/
Price, $32'/i
Blyth & Co.. Inc.
Net
Comparative Income
Taxable
stock
privately
3,950
$19xk per share.
stock
mo
common
,
general exps. before deprec.
Corp.—Quarterly Report—
1942.
31,
stock
privately
1135,000
Originated
Placed
share.
Typewriters,/Inc.
Co.,
(N.
-
States: &
common
303,150
of
shares
per
Co.
Price, $12 per share.
•.
,
Public Service
market
Co. •'
&
United
*51,150
Net
March 31. 1943, was 84.383.768 as
compared with $3,646,971 at Dec. 31, 1942
After deducting $2,369,000
of debentures, the balance of assets was equal to $109.92 per share of
preferred stock on March 31, 1943. as compared with $69.72 per share
Cash
of Income—
Read
of class B
Co.
&
2,030,000 Standard Oil Co.
(par
$25). Price,
Operating
The
cents
Oil
-
Co.
.
opment."—V. 157, p. 1361.
General
53,000
Inc.
Corona
$15 •:
rpar
Read
'
stock of General Capital Corp. purchased
$11,476; accounts payable for
(not
Co.
Co.
75
Price,
Vacuum
Socony
stock
Co.,
the so-called
likely
is
(management fee and other expenses),
Liabilities—Accounts payable
&
revolutionary type
(Continued from page 1424)
1,200,000
(no
shares of capital stock (par S3i.
Originated with Hemphill, Noyes
Industries
Smith
/v///'/:-■/;$/
Co. 20,000 • shares
$27^per share.
" :
capital stock (no par). Price,
with Tucker, Anthony & Co.
Co.
1206,325 Electric Boat Co. 15.720
Price, $13V'8 per share.
,•'/•'-v..j//..
& Lord.
ache
&
&
&
Forgan
Giore,
.Price,
Hutton
F.
C.)
(L.
f 76,925
Dixie-Vortex Co. 12,224 shares of class A stock (no par).
Price, $39 34 per share.
Offered by Merrill Lynch, Pierce,
Fenner & Beane.
..
"
485,904
Read & Co,, Dominick & Dominick,
Sachs & Co., Grandbery, Mar-
Dillon,
Inc.,
Co.,
Emanuel
/
& Co., Bear, Stearns & Co., A. G. Becker
Branch, Cabell & Co., Alex. Brown & Sons,
Calm & Co., Davenport & Co., R. ■ S. Dickson
Inc.,
Co.,
Tobacco
$1)/
(par
6,100 shares of common
share. -Originated with
Diamond Match Co. 2,000 shares of common stock
par).
Price, $3834 per share.; Offered by Blyth &
;;Inc.
;/
;•-'•// /;;
v
' '-i/i •:
-
&
Hammill
Shearson,
77,500
Forgan
Glore,
Retail Stores, Inc.$1).
Price, $41-2 per
(par
and
$10),
by Arthur Wiesenberger &
& Co., Inc.
and Blyth
Corp.
127,450 Consolidated
:
E.
.
cumulative
per share.
Ltd., Inc; 2,903 shares of common
Price,"$76',4 per share. Originated with
Brothers
39,750 Selected
&
of common stock
with Mer¬
/, /.■/-
,
Reynolds
(par
with
par). Price, $4734 per share. Originated
Lynch, Pierce, Fenner & Beane.
(no
per
'
i
Co.,
&
$10).
ipar
J.)
(R.
1545,000
due Feb. 1, 1956.
3.28$; Offered by
Co. 20,000 shares
Molybdenum
1955,000 Climax
shares of common stock
share.
Offered by Smith,
8,400
Co.
$19)4
1
(
Morris
Philip
i
Inc.'
Co.,
Electric
Price,
Co. 1
&
Lehman
•••>'•
stock
Fenner & Beune, Wertheim &
Inc., Hallgarlen
& Co., Union
Pierce,
Becker
112:,4 and
Ripley
264,250 Central Aguirre Associates 14,000 shares of common
(no
par). Price, SISTu per share.
Offered by Blyth
Co., A. G.
Securities
Corp., Dean, Witter & Co., Alex. Brown & Sons, Laurence
M. Marks &■ Co., Mitchum, Tuliy & Co., Scott & Stringfellow, Folger, Nolan & Co., Inc., G. H. Walker & Co.
Lynch,
/
National Ry. 4Vi% bonds,
int. to yield about
& Co., Inc.
150,000 Canadian
stock (par $100).
Purpose, refunding.
Price,
$104.50 per share and div.
Offered by Lehman Brothers,
Kidder. Peabody & Co., R. S. Dickson & Co., Inc., Merrill
preferred
per
,/-:•%V-.'■■■y
par).
stock
15
$6,500,000 Burlington
$8
Co.
&
Freeman
111,000 Butte
Price,
shares of capital stock
share.
Offered by Blyth &
5,000
Electric Co. 500 shares of 4.40%
preferred
stock
(par
$100i.
Price, $116V4
Offered by Kidder,
Peabody. & Co/./V,;:••■/
'
yield from
Offered by
4V2S. due July 1,
Offered by Freeman & Co.
2.65%.
Inc.
Philadelphia
58,125
certificates,
stock (par
Read
Dillon,
by
.
yield
Inc.
Barney
Offered
"/';• '
*
River Street Ry.'-consol.
-to
Philadelphia
101,700
Inc.
share.
per
Aircraft,
$1).;
Co.,
Carolina, 1st 4s, due
Offered by Freeman
& Ohio RR. 1%// equipment trust
series L,
due serially 1948-1951.
Priced to
1.95',/
to
2.20',/
according to maturity.
Priced
(par
Offered by Putnam & Co.
600,000 Baltimore
AND
Nortlu-up
Co.,
Co. 90,000 shares of common
& Fall
Newport
40,000
/
Webber,
par
INDUSTRIAL
OTHER
(par $1).
Blyth &. Co., Inc.
share.
&
A-:
'
1954.
Products Corp. 1,415 shares of common
Price, $27.75 per share. Originated with
Jackson & Curtis.
/
t39,267 Allied
stated par value are taken at par, while pre¬
value and all classes of common stock are
prices.)
'
.'v.,
no
■
sharefe of common stock (no
Offered by Mellon Securi¬
10.000
Co.
Blyth
$86 Va
Price,
50,000
$32 per share.
Price,
their offering
at
Price,
(
shares
share,
,10.000
$3334
per
Ltd.
Canada,
Corp.
Offered by
$65.50 per
and
Jersey Zinc
$25).
,
Murphy
Corp.
New
3,980,000
-
by/Charles F. Dunn,
agents.
Life Insurance Co.
$800,000 Aetna
i
:
Stocks
(Preferred stocks of a
of
pari.
share.
per
Price,
par).
Pur-
,
Corp.
Finance
4
Co.
(no
Higginson
Inc. 3,000 shares of common stock
Co.,
C.)
< G.
655,000
consolidated 0.85%
Banks
1943,
1,
Representing New Financing
Issues Not
through
vately
&
$33.25
Price,
. r
„
Credit
Intermediate
refunding, Price, par. Offered
pose,
,
representative.
fiscal
York,
19,830,000 Federal
debentures,
Budd Manufacturing Co.
G.)
Nickel
Lee
refunding.
(average
retire-
Offered by Freeman & Co.
1231,750 May Department Stores Co. 5.000- shares of capital stock
(par
$10).
Price,- $46V*
per
share.' Originated with
Shearson, Hammill & Co. and Hemphill, Noyes & Co.
Issues
%% consolidated debentures,
&
*$12,000,000 (Edward
by
certificates,
to 2.30
Co.
trust
by Freeman &
equip, trust certificates, series V,
to
yield from
1.95'/
to
2.30'/
Priced
stock
common
Offered
Government Agency
Loan and
$35,000,000 Federal
Maturing Up to and
MANUFACTURING
AND
International
337,500
(Del.) 93,759 shares of common stock (par
to increase working capital.
Price, $5 per
Offered by J. G. White & Co., Inc.
/v'/iA-///
Corp.
H.
equipment
Offered
2'/
RR.
1948-1951.
due
Paul
3'Z
per
Priced to yield from 2'/
maturity.
1,000,000 Illinois Central
$8.50
Price,
Inc.- and
RR.
1948-51.
to
according
Purpose,
share.
Farm
Including Five Years)
INDUSTRIAL
Co.,
&
series R, due
40,000 shares of
share. Offered
Davis & Co,
Chicago
Corp.' of
SI).
(par
Central
Illinois
-■; 300,000
Co.
&
Hickey
by
'.
iWrubber
$468,795 Tiokol
.
j
•
stock
common
according to maturity.
MISCELLANEOUS
Engineerin<r & Management Corp. collateral
lC-yeaf sinking fund bonds, due Jan. 1, 1953.
Purpose, refunding.
Price, 83 and int. Offered by Bar¬
rett, Herrick & Co., Inc.
'i
$493,000 Wclsbach
trust 5r/c
OTHER
Price,
.
Manufacturing
Galvin
340,000
♦$2,050,000 Dayton Rubber
Short-Term Bonds and Notes (Issues
fraction Co. 8,000 shares of common
$11 per share'. Offered by Blyth
&
$15).
(par
Co.,' Inc.
&
COAL, COPPER, ETC.
IRON, STEEL,
Federal .Light.
88,000
Lilienthal & Co., Hornblower & Weeks, Kuhn, •
Ladenburg, Thalmann & Co., Lazard Freres
Co., W. L. Lyons & Co., Mackubin, Legg & Co., Lau¬
rence M. Marks & Co.,
Mason-IIagan, Inc., Merrill Lynch,
Pierce, Fenner & Beane, Paine, Webber, Jackson & Curtis,
Reinholdt & Gardner, Riter & Co., Schwabacher & Co.,
Scott & Stringfellow, I. M. Simon & Co., Stein Bros. &
Boyce, Stern Brothers & Co., Stifel, Nicolaus & Co., Inc.,
Swiss
American
Corp.,
Union Securities Corp.,
G. H.
Walker & Co., Watling, Lerchen & CO., Wertheim & Co.
Co., Hirsch,
1455)
(Continued from page
Monday,"-April 19, 1943
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1458
Lakes Transit Co.—Receiver Asked—
Great
asking appointment of a receiver for the corporation
seeking a ruling that the company had "illegally" engaged in
egg-dehydration business has been filed in Federal Court at
Buffalo by Ormond E. Laird, Minneapolis, a preferred stockholder
/< The complaint declared that after the War Shipping Administration
took
over
the company's
fleet of 14 vessels last year the company
"abandoned completely its business .of transporting package freight and
A
complaint
and
Georgia Southern & Florida
Ry.—Files Petition—
Commission
note for $1,000,000 to
indebtedness of that
amount.
The note would mature in one year and bear 6%, interest.
The company pointed out that under the excess profits tax law it is
permitted to include in its invested cauital 50% of its borrowed capital
provided this is evidenced by a bond, note or other security.
By issuing a note to the Southern, the carrier would include $500,000
of debt as invested capital, thus permitting it to earn more taxable
income before being subject to the excess profits tax.—V. 157, p. 1270.
The
for
the
company on
April 6 asked the Interstate Commerce
permission to issue an unsecured promissory
Southern Ry. as evidence of open-account
Yarnish Corp.—Omits Dividend—
The directors have voted to omit the quarterly dividend ordinarily
payable about April 1.
Distributions of 10 cents each were made 011
April 1, July 1, Oct. 1 and Dec. 31, last year.—V. 156, p. 352.
Grand Rapids
the
closed
It
all
of
and
(XL L.)
incorporation
for the
number
and
redeem
preferred
stock
"n
the
157. p. 253.
Green Co. Inc.—March Sales—
1943—Month—1942
$4,821,049
had
150 stores
year ago.—V.
157,
company
as
the
prices" provided in the certificate.—V.
Period End. Mar. 31—
Sales
The
offices."
that'the corporation's'affairs be wound up and a receiver
that it be directed1 to comply with provisions of its
and
certificate
manner
solicitation
its
asked
appointed
a
in
p.
$4,298,426
operation
993.
1943—2 Mos —1942
$9,096,794
$7,813,453
in
the
March,
same
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157 :
-Guantanamo'Susar
Co.—Recapitalization
Among such steps
Proposed—
tion
in
the
reduction
holder will receive $40 .principal amount ojf .new', 12-year ',5% : sinking
fund debentures and 14 shares ofjnew $5. par .common, stock, and that
amounted*;to
sation
.
each
for
2'a
issued
shares
of
share
one
of
present
$5
new
par
stock-the
common
stock.
common
Co.,".Ltd;,''effective
,
holder
will
■bank
'
David
dividend on the new-common stock
-
>
.
.
Oiilf Oil Corp.—Completes lOO-Octane Gasoline Plant
it
announced the completion of;
unit for the production of 100-octane
Houdi*y catalytic cracking
new
gasoline at the company's; refinery at Port Arthur, Texas.
will greatly increase-the production of 100-octane aviation
gasoline, the super fuel required by bombers and fighter planes to
the
Ltd.,
other
on
output
of
of
unit,"
Gulf's
projects
1938
Mr.
Drake
construction
Port
at
100-octane
"Since
been
Houdry
Arthur
said,
"marks
-
which
will
the
facilities
for
further
increase
"After
this
have
To
as
157,
April,
or
May in each year.
By
meeting of Hawaiian-Sumatra
Wednesday, April 7. 1943, at 10:30
for
;
2,073,883
1,625,100
82,532
1,124,414
before
come
the
meeting,"—V.
$285,595
$2,995,815
$3,127,935
Dr30,952
Orl2,134 Ar
Net
oper.
Other
-•
5
revs.___
income
met)j
Balance
$255,857.
_
Interest and
amorti-
£>r62,409 A'A
1942
150,
1941
$131,900
$0.29
income
$0.41
taxes,
etc.
tOn
$120,215
$0.36
252,172
shares
of
$2,933,406
1,230,236
.......
____
div.
$1,703,170
$1,903,620
Balance
for
20
shares
held.
taken
19,765
had
taken
by
See also
Preference
.When the rights expired,
shares, the unsubscribed
the
underwriting
157, p. 1362.
the
directors
$5.
April
'
'
mailed
into
V.
par
be
made
at
share
one
of
of
said
surplus.
$1,118,202
the
Bank
the
of
Manhattan
cumulative
March
preference
stock
8,
have
Laws
declared
with
compares
dividend
a
payable
65
of
April
35
centsrper
to
cents
April 30.
on
or
the
on
Dec.
of
1942.T-V.
155,
5,
; ;v-
on
by
stockholders
to
the stock for
present
and
of
the
Board
accumulated
of
Directors,
dividends
unpaid
previous
redemption,
by
at
t
redemption,
the
the
share
of
paying
time
''
,
each
it
'Hamilton Watch Co.—20-Cent Common
dividend
A
,
20
stock,
common
similar
cents
payable
distribution
1942. were
15
of
cents
share has
per
June
15
made
was
been
the
of
the
holders
to
March
oil
of
record
last.
15,
the
on
no
A
Ilines
.
•'
.
6%
by the by-laws.—V.
Lumber
Co.
Ilanna Co.
Consolidated
Income
(& Subs.)—Earnings—
Consolidated
Federal
profit
taxes
—
"Consolidated
.
before
per
—
*
'.. f;;
'
$1,527,766
__J
products
—V.
173,221
8804.858
1,016,961
$0.68
elected
H.
Balditt,
member
a
the
of
Harnischfeger.
H. Erkelenz,
board
$0.63
Vice-President
been
elected
the
Charles
elected
of
of
use
and
of
F.
Menck,. Works
for
Secretary
Hartmann
and Assistant
the
Army' and
Navy,
and
by
been
essential
and
was
excavators.
receive
appo.nted
the
The
company
Army-Navy
it.—V.
156,
"E"
the
production award,
605.
p.
of
one
first
in
early in
Haverhill
i
vided
..
and
'
dividend
of
25
$25,
on
April
cents
45
75
on
Jan.
cents;
—V.
April
157,
14
14,
••
$$.
last.
50
share
per
holders of
to
■.
record
Payments in
cents;
July
/.
paid
was
April 8.
1942
14, 45
the
on
A-'
Calendar
common
folloWvs:
as
and Dec.
cents;
-
.
Cash
"stock,
-.
*'
29,
■
;
,
Jan.
25
.
'
•
•
**'*'.•
v-:
*
...
•-
•
'
•
The
the
directors
stock,
common
April
Dec.
5.
have
declared
5, last
$20,
par
Distributions
year.—V.
of
25
133,
p.
dividend
a
payable
cents
of
April
each
50
15
cents
holders
to
made
were
share
per
on
of
May
Sterling
the
on
Hawaiian-Sumatra
Maser,
said
in
Secretary,
•
to
20,
in
and
letter
to
the
and
25
the
properties;
be
'usual
annual
In
impossibility.
close
three
•
even
the
months
Netherlands
East
as
reports for 1942
reported last, year, it
are.
cents
was
course,
impossible
year.
-
•
.
Earned
Total
to
tain
your
once
company
more
in
as
an
a
corporate
efficient
and
after
possible was done to keep such disbursements to
inv.
325.000
50,000
300,000
'. .L
200,000
$887,766
Balance
10%
$823,594
in
a
the
an
position
war.
absolute
to
carry
Everything
minimum.
barrier
a
until
•
how
subcontracts
may
is
going to
possible along
is
action
predict just
can
and
have
lines
future."
%
the
W.
Curtiss-Wright Corp.,
157, p. 1180.
was
Lishawa.—V.
1050.
p.
of
&
Agent—' V;
Trust
Co.
of
New
/■■
York
is
transfer
Hotel Drake
and
Gas Corp.—25-Cent Dividend—
were
31
paid
Dec.
23,
dividend of 25 cents
a
stock
holders
to
follows:
as
share
per
record
March
19.
31, June 30 and Sept. 30,
50 cents.—V. 157, p. 1180.
year-end of
a
of
March
utilized
Sheet,
in
Dec.
debentures
interest
ended
30,
for
Nov.
and
other
debt
Co.,
V.
152,
l
1941
$1,252,789
340,520
2,921,178
—
2,380,616
2,369,437
485,678
'Less
purchase
option)A
$100,000
1,146,165
;
$1,176,106
130,518
168,406
;
stock
35,344
33,012
8,783
on
in
JLess
income.
155,955
56,590
58,293
1,475,000
1.875,000
reserves349,416
May
on
1,
Chicago,
No.
1941,
of
said
fiscal
the
at the
1943,
111.,
year
corporation
Metropolitan
presentation
upon
annexed
2
out¬
1,
said
to
and.
debentures.—
Account,
Years
Ended
Report—!
Dec.
HI
AA'
Railroad
operating
1941
$6,480,776
$5,872,152
expenses
Net
from
revenue
applicable
Railroad
3,251,681
$2,972,819
—
$2,620,471
1,015,823
railroad
1,157,567
$1,956,990
income
than
other
operations.,
railroad operations„,___..—
to
operating
income
3,507,957
railroad
$1,462,904
income
operations--—
592,282
—J——.
4.92,145
income_,___~
$2,549,272
119,239
deductions
other
first
on
mortgage
lien
than
and
bond
ret.
$2,080,375
interest—
5s
and
89,563
88,041
1,658.954
1,705,822
first
4'/aS
.—
Balance
125,325
$2,668,511
______
income
Income
A
$919,994
$286,511
1,396,995
1,422,650
$477,001
$1,136,139
—
adjustment income 5s_—
on
$1,955,050.*'
:
year
—
Balance
Assets—Investments,
notes
$215,959;
material
other
current
debits,
$125,485,725;
receivable,
and
assets,
$89,040;
liability
audited
for
payable,
on
interest
1942
$978,365;
miscellaneous
$414,081;
deferred
stock,
$39,995,385;
conversion,
matured
$11,626;!
$18,010;
unadjusted
preferred stock, $5,242,939;
funded
debt,
$59,715,705;
payable, $244,114:
wages
adjustment
interest
income
and
$5,686,425;
total,
miscellaneous
dividends
bonds.
mortgage
rents payable, $668,427; other
liabilities,: $5,828,332;
unadjusted
surplus,
deposits,
receivable, -'
receivable,
$4,354,300;
assets,
and
deferred
special
accounts
interest
$131,759,366.
and
$19,136;
interest
cash,
$5,360;
supplies,
$56,418;
total.
accounts
Sheet, Dec. HI.
accounts
payable,
$151,536;
$484,942;
accrued
liabilities,
current
$2,628;
$13,708,172;
credits,
$131,759,366.—V.
157,
cor¬
1271.
p.
Hutchins Investing Corp.—Accumulated Dividend—
dividend
of
75
accumulations
holders of
share
record
made
was
Jan.
15,
Dec.
28,
$2.50;
cents
on
on
$7
15,
156,
issue.
July
p.
paid
was
cumul.
On Jan.
9.
this
April
$1.25.—V.
share
per
the
April
and
stock,
no
15
account
on
par
value,
to
distribution of $2.50 per
in 1942 were as follows:
a
Payments
15
April
on
preferred
15, last,
Oct.
15,
75
each;
cents
and
2307.
Hydraulic Press Brick Co.—Tenders—
The
company
6%
bonds
will
be
the
and
received
is inviting tenders from holders of
certificates
from
company,
up
of
deposit
holders
to
2
for
such
by
M.
P.
St.
(C.W.T.i.,
Louis
its
bonds,
Union
April
Trust
first
mortgage
Offers
Co.,
as
to
sell
agent
22.
The
company
recently sold a tract of real estate, which is not
subject to the mortgage, and proposes to make available certain of the
purchase by tender at the lowest prices obtainable bonds
proceeds to
and
certificates
There
are
scheduled for
for
retirement
and
cancellation.
-
outstanding $733,000 of the bonds which originally were
redemption in serial instalments each Oct. 1, from 1930
275,846
income
stock
A-5,305
:
($10
pan________.J___.__.
2,758
3.999.952
surplus
3,553,148
1,715,037
:
3,999.980
3,553,148
:
surplus
_J_L_______J.i_~;*A-f'.
depreciation
1,027,268
1o
1944,
in
been
inclusive.
default
$12,762,229 $12,329,091
1942,
reserve
of
$4,836,583
in
1942
and
$4,408,401
S.
Treasury- tax
151,
p.
3398.
notes
of
$1,648,258
in
1942
and
On
since
the issue,
Oct.
1,
however,
1934.—V.
principal and interest have
p. 397.
153,
Illinois Bell Telephone Co.—Earnings—
Period Ended Feb. 28—
Operating
Net
1941—2 Mos.—1942
$8,659,002
15,066
25,188
30,111
50,286
expenses6,448.676
C. 173.339
13,128.122
12,598,739
$2,920,142' $2,460,475
$5,773,118
$5,224,721
oper.
Operating
1943—Month—1942
$9,383,884
revenues-,-
Operating
oper.
rev.
revenues-
$18,931,351
$17,873,746
•__*—
1,701,061
1,567,965
3,368.642
3,240.947
$1,219,081
$892,510
$2,404,476
$1,983,774
977,618
taxes
693,354
1,913,396
1,565,209
in
Net
U.
paid
St.,
coupon
the
for
income of
the
1942
3,318
186,973
debt
1941.—V.
will be
LaSalle
interest
5%
of
May
terms
1593.
p.
for
$12,762,229 $12,329,091
1941.
■
So.
of
of
rate
the net
revenues_______—_____—_
314,762
expense.s__.__J_..
taxes
the
at
operating
5.096,902
412,334
J.
taxes..„
holders
574,066
5.176.574
;
local
the
to
Railroad
A
A
and
notice
a
Hudson & Manhattan RR.—Annual
of
$1,272,322
assets
payable
thereon
year,
11
surrender
retirement.
300,039
(timbcrland
in
5,
1942, payable out of
such fiscal
Trust
31
1942
transit-^^-—.
receivable
April
on
$734,925
tape liability.
*'*
during 1942 in order to main-
entity
manner
$1,034,925
A:Av'\ v.:, v.:';
"Excluding U. S. Treasury tax notes of $1,648,258 at Dec. 31,
and $310,000 at Dec. 31, 1941, deducted from Federal
•
on
30,105
$1,348,594
_A
Capital
books, necessary, reports being lacking lor the last
that
"Cerafin disbursements were necessary
1942
corporation
stock
pro-
conting.—:
capital
an
•
in
each;
Uncollectible
of
one
dividends
company's
common
Liabilities—Common
8.50Q
Indies.
financial
fact,
1941
of
the
of
standing five-year convertible income debentures dated
May 1, 1946, stated that in accordance with the
5,500
$937,766
prov...
—
Long-term
and
will
of
.
accrued
Common
to
no
contracts
clue
305,000
43,400
36,165
2,194,104
accounts
Contingency
possibly continue rubber production.
present fate of the company's property is uncertain, and probably
liberation
1,701
hand, and in
Federal
Japanese have ordered rubber estate
until
20.000
securities
accrued
Deferred
"The
90,877
339.300
for
on
1:Federal and State
,
back
226,437
surtax
and
reserves
Accrued
substance:
managers
222,770
.taxLr—*1,232,300
Interest
"A
them
inc. I
other
1:0
payable
Other
stockholders,
The
that
Allen
March
on
value
par
Distributions
337,071
$1,157,609
;
Liabilities—
complete lack of authentic news concerning the status of this
company's property and the safety and well-being of its employees haS
characterized 1942, although indirect word has been received that the
presumably to maintain
,436,156
Total
/Notes
Ltd.—Status—
a
the
Bank
stock
127,366
surplusA_A.-,A.
Guvt.
Accounts
Plantations,
was
$1,622,052
130,242
on
3263.
March
on
$2,480,429
100,000
$1,914,032
spec.
valuation
Accrued State
C.
National
common
no
Interest
$3,384,620
.
tProperty, plant and equipment„_,_„_;^_^__^__4
Deferred
charges
.'
record
21
that
2,651,836
prior years____
reserve
Investments
:
•:
fact
subject
succeed
Houston Natural
$4,273,888
3,306,902
v
Inventories
cents.
n
.
'
3,733,640
tnxes..4^—
deposit,
on
S.
Notes
14,-
'
•
AU.
Hawaiian Canneries Co., Ltd.—Larger Dividend—
-
affecting
Corp. and agent to effect the
exchange of voting trust certificates for the slock.-r-V. 156, p. 1050.
75,311
$7,118,260 ; $5,787,332
(
deducting post-war credit of
:
This compares with
were
$4,198,577
58,923
472,919
tax
before
to
"After
still
-
renegoti¬
Year
$2,811,701
A Assets—•
1 AAV-''•*
the
Hotel Drake Corp.—Transfer
The
agent for
Interest
*
;
Consolidated
*..-•-■•
•
cents
14,
253.
p.
•'•
■
; A'/;
annual
the
at
and
structure
156,
152, p. 3656.
$5,728,409
48,806
V:_
against coal prop, and
Balance
.
1942,
stockholders
preferred stocks,
management had inherited a
Vice-President of
to
$142,107;
profits
'A.AjAAAA AA;A-
.
$1,405,-
sole funded
company on April 1 paid a dividend of 30 cents per share on
3Ue common stock, par $10, to holders of record March 20.
Distribu¬
tions during 1942 were as follows:
April 1, 50 cents; July 1, 20 cents;
Oct. 1,. 50 cents; and Dec. 22, $1.~~V.
porate
Electric Co.—25-Cent Distribution—
>
prof,
Addition
to
area
retire
as
•.A.'j<
present
consideration
Income
equipment
its
to
bonds
preferred
financial
the
jeopardize
Non-operating
and
exps.._
Mess
taxes for
Additions to
industries.
welding
arc
used
payments.
Government
But
cumulative
to
Net
war
be
new
11,930,802
„
inc;
income
Additional
'
par
excess
Treasurer.
electric hoists,
A
normal
W.
has
of
Morton,
$16,129,379
...
$7,069,453
delivery,
admin.
deductions
State
Manager, has been
F. Heilman has
manufacturing;
J.
and
Federal
.announces that
while continuing the manufacture
regular products, its output is largely taken l'Or direct
its
by
gross' profit
shipping and
Federal
>
Herman
I.
17,057,151
profit icommisincome of rr.)
Operating profit
Other
the
Products include electric cranes,
holds
V
been
company
most
"war
Assistant
sales*;, has
•
the
and
war,
director
a
Deficit for
•
charge
Secretary,
of
post
"The
,r
in
charge;;• of
first
New Director Elected—
$22,785,560
sales
on
gross
-
Operating profit
Depletion :.
Provisions for depreciation
vacancy of the late Joseph
A: Av-v' 'AA:;'.
*■'
:J A'A
Engineer, has been elected Vice-President
Executive
charge of Engineering:
made
in
fill
to
;•/;■>.•••• ,.-/..*
■
H.
in
Vice-President
to
general
157, p. 345.
•'.. Frederick
profit
Total
IIarnischfeger Corp.iMilvi^uke0d4New Director;, etc.-—
;
said
dividend
our
not
22,750,710
1,016,961
~
on
Operating
sold
and. oper.
Selling,
outstanding.
share—_ J—: _-A.-J-1-2—11111-1
April 13,
mortgage
bought by the
of
toward
the
1940
$978,079
673,710
-
Gross
sions
$854,056
—K— -—
income.—
funds, will
leaving the
President; informed
extend,
$29,820,163
of
Additions
KA1942
1943
„
shares
Earnings
taxes.
—
net
Common
*,
*
of
step
1941
,
Cost
Account
1942
-
'
31—'
meeting
will be
Co.
burdensome
and
will
Gross
(M. A.)
annual
$1,250,000
The bonds
important Government contracts were
with further renegotiation
in progress
of
call
Net
Net.sales
-
Quarters Ended March
of
..
renegotiation
which
Subs.)—Annual
A
(&
'
•
-
Comparative
Payments during
15 and Sept. 15,
follows:
March 16, 25 cents; June
and Dec. 15, 25 cents.—V. 157, p. 898.
as
each,
System,
of
preferred
Report—r-
par
28.
May
the
at
issue
1955.
additional
Tiliinghast
close
re¬
common
(Edward)
Dividend— A
declared
Water
The debt reduction, he added,,
simplification of the financial structure, but
the
proper
handling of the large accruals on the class A stock
involved consideration of many problems."Chief among
these," he explained, "are the need for conservation
of working capital for the
trying period naturally to be expected at
Taxes
-
Greenwich
to
several
''
stock may at any time be converted into one
stock, upon such notice and under such just and
regulations as to the mode of exchange and conversion as
of
equitable
shall, from time to time, be prescribed
and
iyw
.
stock,
new
April,
Insurance
Tiliinghast,
that
long
a
any
resolution
a
Subject to
share
record
last,*
1599.-
p.
A
a
in
with
consideration
The
The
or
share
per
convertible
share
holders
paid
cents
30
:
■
35
all
to
announced.
$21
stock,
payable
bonds outstanding,
The' corporation
redemption date is Aug. 1, 1943.
part of this class of stock may be redeemed, from
time to timci on any. dividend date, on not less than 30
days' previous
notice by mail, and in such manner as
may be prescribed by the By-
$1,318,652
Co.—To Pay 35-Cent Dividend—
notes
The
414%
dated
merger
demption.
common
This
26.
and
to
Hoover Ball & Bearing Co.—30-Cent Dividend—
Stock—
1943, between Heyden
New York corporation, and Denhey Holding Corp.,
corporation, which became effective on March 31, 1943.
■A The whole
584,968
•
is
headed
group
At the last meeting of the Board of
Directors, it was resolved to call
the-outstanding preferred stock in accordance with the provisions of
the Securities Exchange Commission
Notice will soon be
regulations.
..%A A
Ilalle Brothers
The
$170,856
584,967
stock
common
~Y.,,.157,,P- 253.
•
$154,257
of
20-ycar
stock
Howard Aircraft Corp.—Interest Payment—
1,244,526
requirements—
3V4%,
The
.
President
Higfiins Industries, Inc.—To Call Preferred Stock—
was
Balance
Pfd.
Department
$450,000
stock.
1362.
;
.$3,148,146
102,605
6Va %-
M.
far
'
993.
Payment" will
the
p.
20,210
'6273,461
i
101,600
of
common
during 1942,
earnings for both 1942 and 1943.
Speaking of arrears-on the prior
was
1943
being
of
Life
proceeds,
of
H.
1,093,807
$286,809 %
A
■
transaction
;; The Chafe: National Bank
of
the
City of New York has been
-appointed registrar for the 414%
cumulative preference, serial pre¬
ferred and common stocks of Heyden Chemical
Corp. (Del.).—V. 157,
1,552,856
145,858
of
class
mature
.
Registrar for Stocks Appointed—
.
Federal income taxesJvJA;jv 178,464
Other taxes __._.._„:AAA90,957
to
debt.
Hawaii, for
.
1,602,267
The
000
of
creation
Metropolitan
on
$101,324
each
shares,
Retire
Delaware
a
%. 128,490
Massachusetts
issue
par)
2046.
ated
These
1942—12 Mos.—1941
Depreciation A_A.uAA"1: AA 133.517
amount
p.
holders
bonds
meeting
may
p.
stockholders
1,232
converted
$1,051,610 $12,571,804 $11,836,157
4,088,825 ;
349.822
3,861,877
.V
59,313
686,600
574,582
60,425
•
like
151,
approved
5%
meeting
agent, 40 Wall St., New York, N. Y.
shares iare; represented by certificates expressed to represent
shares
of
414
cumulative
preferred atock,
series
A,If', of - Heyden
Chemical Corp., a New York corporation, each share of which was
Co.—Earnings-
..
($100
Company,
...
•
Maintenance
the
$100.
par
shares
an
(R.) Hoc & Co., Inc.—Refunding Approved—
annual
be held
Federal
agreement
Chemical Corp., a
1942—Month—1941
Operating v revfinuesii^: $1,133,867
Operation-.
' 383,695
the annual
The company has:called for redemption
May 10, 1943, at $105 and
dividends,."all of the outstanding 4% cumulative preference stock,
"
by
-»•>''
a
The
>
for holding of
or
the
by A. G. Becker & Co,, Inc.
i
_
31—
sorely missed.
Heller & Co.—Earnings—
share
new
one
■
„
Gulf States Utilities
a
complicated
interest.
9,
portion,
technological
Period Entf. Dec.
March,
business
stock.—V.
April
,
I'
the
Co.—Financing—
the
of
approval
the Greenwich Water System, Inc., the sole stockholder.
proceeds, $375,000 will be used to retire at maturity June 1,
like amount of 5%.
bonds, and $110,000 will be used to
Inc.—V.
April 3.
1943,
corporation offered
to
its
stockholders
20.997
shares of its common stock (par $2.50) at $20
per share in the ratio
continuously, each new unit embodying the
developments,' Early in 1940 -we added an alkyla lion plant; the newest development in aviation
gasoline manufacture
at that time;
Early this year we completed a second alkylationvplant.
This new catalytic cracking unit, too, is one of the latest developments
in .refining technology
*
"The new Houdry unit was about twelve months in ' building, -jit
covers a
large area and includes many novel features.
The control
room, which houses the instruments and gauges that tell the operators
at a glance the conditions at
any point on the huge unit and assists
them in controlling these conditions for the most efficient
operation,
is completely air conditioned."—V. 157, p. 1864.
•.
•
of
f6r
Water
petitioned
to
the
retire
Planta¬
On
our
fuel
super
Of
in
Hey den Chemical Corp.—Common Stock Subscribed—
;
of
producing
sold
be
1942,
first
continuing
almost
expanded
latest
31,
invested
has
,
600
eventually
completion
Work is
program.
:
.common
gasoline.
Gulf's
is
and
1943,
Quarter Ended Mar. 31—
*Net profit
.fEamings per .share
entirely financed by the Gulf Oil Corp., which to date
has expended
something like $15,000,000 on Increasing Its aviation
gasoline facilities at Port Arthur, The entire output of these facilities
is supplied to. the fighting forces, being under contract to the Gov-,
prnment. v
A .A-.-AA\* AAA1 A,
part
Dec.
,
(Walter E.)
It wap
a
of
will
'
only
of
as
to
being, carried out in cooperation with the Government,
This unit was
rushed to completion with the aid of a directive of the. War Production
"This -new
Honolulu
the major portion
in the Board Room, Bishop Trust Building, Honolulu,
electing directors and auditors and for the
4128.
',;,A%A;,;AA'AaAAAA
of
notes,
,C
.
...
Board.
be
by-laws provide
President,
purpose of
such other
of
p.
carry the war to Berljn and Tokio.
AAAA* AV,;;A\Aa:'A
The announcement further goes on-to say:..
"The completed unit is a part of Gulf's aviation gasoline
program
will
counsel
months
the
-of
m„
the
unit
..
and
Plantations,
a.
aviation
This
in
agency,
(Mass,)
company
Public, Utilities
approved by your directors
;:v '4":
Oftthis; sum,
of deposit:
company's
during
order
April 9
on
Ilingham
The
of
v
advice
enced
"The
President,
reduc¬
agents
.:v
.
J, Prank Drake,
the
has1 filed no .claim; k'-J 1 ;
'
\'
"We record with deep sorrow the untimely death of John L.
Fleming
on Aug. 26, 1942.
Long an officer and director of your company; and
thoroughly-conversant With its problems, Mr. Fleming's able/experi¬
.
t
by
your company
.
I
and
been
offer
*"
,
1455
"It
is unfortunate
that, as far
as
we
know, the War Damage
Corporation Act coverage does not extend to real or personal
property
outside of- the
United States,
its territories and possessions; hence
A
The plan provides for the issuance pf • $691,480 , -of 5 %: debentures and 404,018-shares of $5 par common stock in place of the present'
capitalization, of, 17,287 shares, of ,$100.„par^ 8%;..preferred stock and
405,000-shares of no par common stock.—V. 157, p. 132. t.A'A
'
■
,
further
books
Keiser,, in an announcement to the stockholders,
proposed recapitalization is approved, the manageshortly thereafter -to reoommend the payment of a cash
ment. expects
banks
V.1'
'
'
"
$89;265.
certificates
company.
M.
that if the
stated
A
„■ "During
1942 a total of 6.709 shares of Hawaiian-Sumatra
tions, Ltd.,' changed hands, being transferred on the
be
lieu of fractional shares.
in
President
1942'.
1,
one-third has
effective 'Jan.*l,"T943.
receive
will
Scrip certificates
Jan.
of-the."fee to
"Balances: in
50%
a
fee, offered by the Honolulu agents, Bishop Trust
agency
The 'stockholders .will- vote May,27 on: approving,a.-plan of recapitali¬
under: which-MU'eferred ;dividend arrearages'- will be/eliminated.
The phin provides that for. each share of; present 8%
preferred stock
(with dividend.accumulations of $112 a share as of Jan.1'.l,v,1943> the
,/
the approval by your directors of
was
$310,000
Net
—V.
oper.
income
income
157, p.
1082.
I
f
:
Indiana Bell Telephone Co.—Annual Report—
Calendar Years
Comparative Income Statement for
operating
revenues
__
Net
income
Federal
taxes
.
*1,262,604
taxes—.——
835,777
1,532,019
1,638,583
*
—
—
of
patent
rights,
Total
$2,863,749
Prll5,3l9
$3,100,483
Dr84,968
$3,015,515
296,026
—
deductions
Interest
Net
reserved
income
—
of
——
income
Net
1—
-
'Less
the unused excess profits tax credit.
respect of
Other
Federal declared
income
State
r
and
will
•' ■' 1
•
'AAAA--.
--
i.
V
surplus
Reserved
128,000
-
—AA
Unappropriated surplus 4
The
offered
be
not
proceeds of the stock
outstanding, but will receive
common stock, if any, sold
purchase warrants prior to expiration of
receive
not
$391,500
through
these
stock
1, 1947.—V.
of
exercise
warrants,
Feb.
157,
April 14 held a
hearing on the International Hydro-Electric System's plan for com¬
pliance with the corporate simplification and geographic integration
sections of the Holding Company Act.—V. 157, p. 994.
• 1?; Y
The
—— :
Commission
Exchange
and
Securities
—V.
155,
on
directors
The
Industrial
A
1941
1940
$652,284
$683,351
$536,547
$0.58
$0.86
$0.90
stock.—V. 157, p. 729.
$0.71
charges and taxes—$439,937
.
shares of
759.325
'On
March
of
'
'
.
Casualty-surety companies —
Fire insurance companies——,Other assets
.A—
18.34#
81.10#
.56#
100.00#
■
100.00#
$60,290
$68,207
11,952
10,526
9,981
12,122
income1_A
$44,438
$49,765
$58,225
$60,821
661.563
652,908
646,686
656,239
Dr
4,554
20,638
3.508
15,079
Tocal
deductions
oper.
——
——
Balance at Jan.
charges (netj
'••
Undistributed
outstanding, for two shares of common stock
213,000 preferred shares of U. S. Lines
The
share for identical
; -V
•
International
Telephone
31
Directors—
;
declarations
In
summarizing
closed
$682,034
$701,403
$701,981
$0.10
$0.10
$0,103
profit on secur. sold
|
above adjusted cost- A
stock
$3,622,657
$3,418,132
directors.—V. 157, p. 1271.
unearned
Crl,344
Cr517
tf>r449
Cr2,168
and
Securities
22,113
—
103,464
17,994
surplus.-.
I
'.
;
120,860
ICr34,833
The Securities
viduals
of
$3,484,320
$2,793,453
$3,586,098
sales of securities charged
losses 011
unrealized
$3,838,112
George
In
1943
its
portfolio—————
$3,887,120
105,164
'•
Liabilities—
$3,992,284
'
491,100
—
income
2,798,453
701,446
—
_
now
682,034
Brl8,987
_
Tetasury stock
directors
Total
Y Dr8,728
$4,759,657
'-
——
unrealized
of
shrinkage
$549,169
appreciation of $297,715 in 1943.—V.
The
in
Loss
April
Defense
Plant
-
profits
excess
Other corporate
-—:—
—
Sales
stores.
grocery
factory
modern,
leaving
343.
p.
*
-
Offered—
<
.
,
and
complete
.
165,000
l.;
unissued
snakes
AAA A
46,101
or
the treasury
in
for future
AY
-A".A- A
A# ' A- AAA;- A -
#
r
June
for
post-war
income
Operating
taxes——
65,252
income
Corp.—Stock Div.—
stock dividend,
Corporation recently
paid
share——,
per
repair
$298,962,
;-x ;J
are
included
..amortization
A
A
,
——
amounting
parts,
which
been
$1.7ft,768 for
i_l,—__A-
capital stock,—
on
sold
in
included
subject
-V.
to
either
in
1942
lessees
sales
of
or
to
$3,205,867
above amounted
to
+Loss.
.
$6,162,629
$2,943,149
$184,089
for
'
■<
$1,347,218
624,492
163,611
95,314
$36,112
$34,585
Dr509
;tl; A.
■*-
$463,801
Drll,513
Drl83
$35,929
7,500
income
$25,743
-X-AS*:*Ai. c
-r.-'At
A
A
Dr64
f
deductions
income
-
Preferred dividends
Common
•
157,
•."'A.
40,161
$100,013
Dr598
5,963
$84,579
$105,976
$8,667
$10,132
1,805
1,811
22,741
23,625
$8,320
$61,838
$82,350
24,374
24,374
$37,464
$57,976
amort.
$6,862 A'A
requirements——
730.
p.
994.
p.
1943—Month—1942
•
1943—3 Mos.—1942
$26,446,486 $22,979,310
AAA-: " .:AY;
Kresge Co.—March Sales—
1943—3 Mos.—1942 A
1943—Month—1942
$14,065,256 $42,112,020
$15,028,361
—
...
$39,295,195
company
Department Stores, Inc.—Initial Dividend—
April
the
on
30.—V.
declared
have
directors
The
common
156,
p.
8,650
dividends'
p.
$20,532
$17,092
12,101
,
$256,688
92,291
91,800
xi
Utvriih
.
157,
\i.
A
,
cents
of
per
record
,
1943—12 Wks.—1942
27,
1943,
stores in operation during the four weeks
3,100, compared with 3,402 last year.—
of
was
994.
p.
Koppers Co.—Service Fee Ordered Returned—
This company, according to a United Press dispatch, has been
by
to
held
Court
>$247,762
85,110
91,800
Court Justice
Brooklyn Union
Louis
Supreme
return
Koppers
to
of
be
unlawful
management,
upheld
Valente
Justice
Gas
A.
Co.,
Valente
construction
a
.
.'
<1*
t "
t
A
'
.
■•'
\
r »t t
at
New
York,
N.
ordered
Y.,
to
subsidiary, $346,358 which Zh&
profits-resulting from the collection by
a
minority
and
■'
•
'
-
engineering
stockholders'
Koppers Co. was forbidden to profit from
1083.
a
number
average
March
ended
$349,410
101,649
'•i.-i-- '
—
A
$34,819,703 $27,374,357 $98,912,570 $80,081,135
The
$439,410
90,000
——
an
initial dividend of 25
payable May 10 to holders
1943—4 Wks.—1942
Period End. Mar. 27—
$427,303
$360,621
103,933
.
stock,
1328.
Kroger Grocery & Baking Co.—March Sales—
106,610
$452,288
91,667
$28,429
7,896
—V.
41,735
$85,177
153
'A
A,
had 661 stores in operation in the United States at
the close of March, and 62 in Canada.—V.. 157, p. 994.
-
177,188
$34,076
8,333
Income
1941.
4,968
$9,978
3,139
(net)-— >
dividend
157,
The
$1,262,534
551,427
8,184
49,469
-
13,637
income
Gross
1942 and
42,597
$9,633,524, $8,502,970
Sales
1943—12 Mos.—1942
$109,824
50,202
fc.
6,105
Gross
Net
61,706
YA
157,
—V.
$4,926,518
16,059
$104,529
revenues
Utility oper. inc.——
income (net)
:
^Depreciation
4,307
85,869
(S. II.) Kress & Co.—March Sales-
1943—2 Mos.—1942
$262,434
machines
cost.
39,211
-
and
(S. S.)
1943—Month—1942
Other
and in 1941
at actual cost,
39,308
$8,731
Sales
1,284,000
$1.90
19,001
3,263
4,055
period End. Mar. 31—
$1,137,845
960,000
$1.63
19,160
"
Sales
V.
$976,031
2,616
Balance
to
appropriated $1,420,248 for
for Interstate's Illinois
1943—Month—-1942
Taxes
30,771
adjustments
taxes—
Balance
Cr30,771
tax—
117,313
1,998
revs
income
Interest
1,116,247
550,010
$364,398
7,638
—_
Balance
advised by its
place since
Department Stores, Inc.—March Sales—
Operation
930,881
$32,770
_
income
oper.
Other
$326,852
$32,628
3,277
.
Other taxes
Net
1942—12 MOS.—1941
1942—Month —1941
revenues---
Operation
share
$2,869,354
profits
-A—
dismissed the proceed¬
been
$1.50
par
11.428
Operating
:
100#
a
of
share was
per
Kresge
54,653
68.406
and
of excess
voted
holders
to
dividend of $1.90 per
per share on the
value, both payable
record May
10.
A participating distribution
made on June 1, last year.—V. 157, p. 254.
participating
a
quarterly dividend of
preferred A stock, no
A Period End. Dec. 31—
Jamaica Public Service Ltd. (& Subs.)—Earnings—
2,864,701
1,126,029
1
Federal
has
that it
usual
participating
$1.68
of
declared
have
the
Pay Participating Dividend—
994.
p.
3,122,705
$3,101,347
taxes—
refund
6
Co.—To
directors
and
stated.—V.
was
—
—V. 157,
$50,754
depreciation,——.
and
said
Retirement res. accruals
A
and
Period End. Mar, 31—
f $21,358
A-——
-—
——_—
\
Gross revenue
1 Expenses incl. amort,
not
156,
New York, is offering 40,000 shares of common
at $2.50 per share. Net proceeds are to be used prin¬
the manufacture and distribution of the liquid
seed
a
and
share
$6
equipment and an airport
155, p. 920.
buildings,
Maintenance
to
revision.—V.
further
no
Breen,
Kendall
1941
74,066
Royalties
and
be
Depreciation
.
Period End. Feb. 28—
have
contracts
war
Corp., Oradell, N. J.—Stock
corporation
shares,
corporation as to make them subject to the obli¬
the Public Utility Holding Company Act upon
Commission
on
Interstate
$52,708
♦Sales
of
would
financing.
unrealized
1942
Cost -A
'Sales
of
laboratory, located at Oradell, N. J.,
manufacturing ; unit, •'with everything
necessary for a capacity of well over 1,000,000 gallons of KEM annually.
Capitalization comprises but one class of stock, and with the sale
of the present offering of 40,000 shares there will be 135,000 shares
of $1
par
value outstanding out of an authorized issue of 300,000
The
contains
$3,992,284
and
1942
International Cigar Machinery Co.- -Annual Report—
I
the company's position at the present time, Mr.
that the firm's balance sheet of Dec. 31, 1942, dis¬
structure and well balanced current position.
feeding
hardware,
outstanding will be increased to 128,000 shares.
factory
157, p. 554.
Calendar Years—
Earnings
and the situation
widely known under the trade name of KEM, and for the
and distribution of apparatus for automatic and semi¬
of growing plants.
The KEM product has found a ready sale in many sections of the;;
United States and
foreign countries in leading department, chain,
syndicate and 5 and 10 cent stores and mail order houses, and a
growing market among greenhouses, commercial growers, nurserymen,
golf clubs, cemeteries, parks, etc.
Sales to these buyers have been
for the most part direct.
There has also been a large sale to jobbers
and wholesalers, who resell KEM mainly through retailers, florists,
in Oct. 1940, to determine whether certain indi¬
exercised such a controlling influence over the
Period End. Mar. 31—
Dividends
taxes
by
division,, it
Net
of
because
increase
automatic
the Commissioner of Corporations, according to an an¬
nouncement by Don
P. Smith, President.
The dividend will go to
holders of record of April 20.
As a result of the board's action, the 64,000 shares of $5 par stock
505,500
3,586,098
AA
__A—A—
—_
by
the
order,
approval
$15,025
A A-
—
;
F.
to
Preferred
r
brokers,.
Capital stock (par $1)Capital surplus
Undistributed operating
Provision
Co.—Output Higher—
to the Government during
(par $1)
Maintenance
Interstate Aircraft & Engineering
The
Post-war
1!
4'."V
A
production
1942
$4,733,547
26,110
$4,759,657
.
in
—
Federal
-
plant food,
public utilities division that numerous changes have taken
the commencement of the proceedings.—V. 157, p. 1271.
'*
Assets—
*After
time
this
at
renegotiation
there
cipally
'
holding companies.
Balance Sheet, March 31
AAA'AAA 1
the
imposed
gations
^Appreciation.
depreciation.
companies
or
management of
to capital surplus.
IGain from decrease
fLoss from sale of securities below adjusted cost.
to
of
believed
":
-
Exchange Commission has
and
ings instituted by it
Due1
/ •AA
Key West Electric Co.—Earnings—
asked by the
cents per share on
out of capital or
been
has
Proceedings Dismissed—
83.157
515,766
;
§Cr359,994
depreciation.
♦Securities
"
stated that as a
the company will have to
1943, the amount determined
as an equitable adjustment
of profits on 1942 war business.
He fur¬
ther added that the agreement covering these renegotiations have been
signed by the company and the War and Navy departments, and he
Pay Dividend—
Commission
Exchange
Corporation for authority to pay a dividend of 87J/2
its $3.50
prior preferred stock on May 1,
1943,
$3,885,092
Capital surplus:
Cash
A
report submitted to stockholders, he
annual
the
In
Portion of canceled treas.
in
/
financial
repay $320,000
The
Utilities Corp.—To
International
The
Net.
'Exclusive
reported
sound
a
result
,
Admiral Luke McNamee, President of Mackay Radio & Telegraph Co.,
Henry C.
Roemer, Vice-President and Comptroller of Federal
Telephone & Radio Corp., have been elected
$0.09
$3,246,051
•
''.'.A
'
activities.
ductive
and
•; Ai 'VA *
$701,446
—
share——
Surplus—>
per
Unrealized
.'A.V
•
pertaining to war orders in general, and added that restrictions which
must necessarily be observed during times of war prevented disclos¬
ure
at this
time of facts and figures regarding the company's pro¬
Corp.—New
Telegraph
&
operat,
March
income,
Capital
•
/-V
$72,944
income
Earnings
$
$56,390
Total
'Net
1940
1941
1042
are
company.
the public would be exchanged share for
would not be affected
by the merger proposal, it was learned.
Stockholders of U. S. Lines
Co. approved a plan of merger and recapitalization on Sept. 18, 1941,
as
a
result of which United States Lines (Inc.) of Del. was merged
into the company.
Upon consummation of the present plan, IMM will
be eliminated as a holding company.—V. 154, p. 2367.
'
1943
new
preferred shares of the new company.
Funded debt, amounting to about $30,000,000,
for Quarter Ended March 31
Income Account
the
owned by
78.04#
2.63#
L
before
of
19.33#
—„—r
.
company's
stock
which 640,734 shares
Mar. 31.'42
accounts
customers'
$119,531;
hand,
on
production for the first quarter of this year is con*
siderably ahead of the comparable period last year, Maurice K. Mc*
Grath, President, told stockholders at the annual meeting.
: A;
He stated
that it was difficult to forecast earnings and anticipate
Weighs
Co.
by
their approval.
be known as the
United States Lines Co., a New Jersey company, whereas the present
company of that name is incorporated in Nevada.
International Mer¬
cantile Marine owns 1,270,000 shares, or 85#
of United States Lines'
1,488,123 preferred shares and the entire outstanding common stock.
#
It is proposed to exchange each share of IMM common stock,
of
v
Mar. 31,'43
Co.-—SEC
Marine
Mercantile
that body before submission to the stockholders for
Under
the plan,
the merged companies would
compared
Due
;
Feb. 1, last.—V. 157,
proposal to merge the company with the United States Lines
the Securities and Exchange Commission awaiting action
A
is
of the capital
valued at the bid side of the market, was $9.74.
to
recent changes in the portfolio, its composition
with the condition at the end of March 31, 1942, shows:
stock,
Income
account
Merger—
Inc.—Quarterly Report—
the liquidating value per share
1943,
31.
and
$141,282;
Kem-Ical
International
Insuranshares Certificates,
1949 '
254.
p.
Offering—Dillon, Read
& Co., Riter & Co. and associates on April 8 made a
secondary offering of 28,900 shares of common stock (no
par) at lOOYi net. Dealer's discount, $1.—V. 157, p. 554.
Ao
on
preference A stock and on
par $100, and
the regular
payments of $1.50 each were made on
quarterly
banks
'
,
(net), $808,061;
Kellogg Switchboard & Supply
The
common
Ingersoll Rand Co.—Secondary
•
conv.
stock,
preference
conv.
of $5 per share
dividend
a
cumul.
quarterly dividend of $1.50 per share on both issues, all payable May 1
to holders of record April 15.
This clears up all arrearages.
Regular
Net
•Earnings per share—
6#
the
on
cumul.
6#
the
1942
declared
have
accumulations
of
Corp.—Earnings—
Rayon
Quarters End. March 31-—
1943
income
after ' all -A'AA:A'-A'
.
Ltd.—Accrued Divs.—
International Metal Industries,
1920.
p.
in
$218,388
A
—
,
22,500
(est.).
-,
.
——A——A__A_ $64,775,890 $61,015,437
—
—
A__
credit
retirement
Balance Sheet, As of Dec. 31,
1
McGrath
Total
5,000
4,529
payable
(banks), .$200,000;
accounts "payable
accrued expenses; $47,904; reserve for Federal and
State income
and -excess profits taxes, $471,500;'first mortgage 5#'.
income bonds, due August, 1944,:,$197,028; 6#* cum. pfd. stock ($100
par), $750,000; surplus, $550,214; total,- $2,357,927.—V. 156, p.: 515. A
(trade),
dividend
System—Hearings—
Hyro-Electric
International
729.
p.
stock.__A____
debt
,
sundry accounts receivable, $11,401; inven¬
tories, $784,878; sundry notes and accounts receivable, $15,304; in¬
vestments, $55,403; plant and equipment
(less reserve for deprecia¬
tion of $1,059,758), $558,433; prepaid expenses and deferred charges*
$4,918; total, $2,357,927.A
A Y ;
- -- • .•:■./< A
of the
any
14,000
15,000
$233,175
A v..
warrants, as they are already
s.iare for each share of the
per
86,000
taxes___.____„._.___.^_____^.._
Assets—Cash
<
75,000
*391,500
A___.„A.
profits taxes-.'A-
excess
Liabilities—Notes
that time.
at
will
company
$8,125
1,639,264
1,472,687
the
purchase
$41,000,000 $37,000,000
Advances from American Tel. & Tel. Co'.——J"
3,924,829
6,312,385
Notes sold to trustee of pension fund---*—'
1,522,706
1,616,904
Customers' deposits and "adv. billing for service
459,733
425,269
Accounts payable and current liabilities^——;
1,058,994
1,141,105
Accrued liabilities not due_
—L—
A 4,214,772
3,429,997
Deferred credits and miscellaneous reserves
63,715
74,995
Depreciation and amortization reserves—-AAA 10,930,455
9,375,517
J_—
-
stock purchase warrants.
registration becoming effective Hornblower
& Weeks and
Hallgarten & Co. expect to make a public offering of 150.000 of the
total stock purchase warrants now being registered.
The
remaining 34,861 V2 stock purchase warrants being registered
.
r
.■
stock
number
exercise of these
Upon
$64,775,890 $61,015,437
Liabilities—
Capital
like
a
upon
-
______
!
Total
Corp.—Warrants
Chemical
&
v
has filed a registration statement with the. Securities
Commission covering 184,861 # stock purchase warrants
of shares of common stock reserved for delivery
Corporation
and Exchange
i
_
<
'After
—
,r
values
Cash divs. paid on pfd.
in
12,001
14,642
-r—
income
receivable
1942
1941
$60,872,002 $57,945,103
368,733
222,469
Working funds
65,134
58,504
Accounts receivable -———A------——A—.
2,419,551
1,849,976
Material and supplies
'• 720,152 692,143
Prepaid accounts and deferred charges
—
* 330,317
247,241
Cash
Minerals
International
Comparative Balance Sheet, Dec. 31
investments
—'
and special cash deposits——_
and
plant
$123,113 in 1942 and $108,379
value.—V. 157, p. 729.
V;,
OvA:'1;..-.'.-''
-
profits taxes
excess
340,483
$352,903
l-__-__A;_ .A $724,949;.. $364,908
iAA-A-A'wAAAAA_w—20,746 /;,A. 26,521
expenses
Federal
10,000,000
1,951,345
$693,391
395,434
_____T._A-—.—
Federal income taxes
------
of
depreciation
for
Registered—
Assets—
Total
$1,105,741'
i-,TwA,
inc.; (sale of scrap)
income
1
iReservation
-AAAA. A;
IDeficit.
deducting post-war credit of $140,289.
'After
in
reserve
1600,000 shares of no par
$314,113
$129,489
t$117,343
Income balance
on
A.Aw
;
$4,025,728
3,332,337
$6,316,859
5,211,118
contracts
completed contracts.
-
1941
$710,307
Total
64,347
;
','1942
,,
Profit
$12,219,558 $12,406,338
Total
1941.
;
rendered
profit
'-.VA
——
$3,274,113
2,960,000
$2,719,489
2,590,000
$2,445,157
stock——2,562,500
common
on
.
Operating expenses
Net
Dividends
-
Structural Steel Co.—Annual Report—
completed
on
bills
Gross
$18,160
276,943
95,542
———_—
.———„——.
fixed charges
Income available for
rendered
Bill
Other oper,
A_A
payable
$3,910,885 $12,780,847 $11,786,600
Calendar Years—
$12,219,558 $12,406,338
-
—
—
1943—12 Wks.—1942
1943—4 Wks.—1942
$4,217,399
1083.
157, p.
Kansas City
24,840
117,683
$12,311
Federal, State and other taxes accrued (net)—
43,649
Account payable, affiliated company
®9,938
Reserve for contingencies
64,347
Reserve for post-war adjustments—.i——30,771
tCapital stock
1 !
—_
10,000,000
Earned surplus
•.—
1,968,543
$3,523,606
249,493
,
.
521,290
64,234
.
'■>
—__
—
*-V.
Liabilities—
$3,479,764
43,842
-
10,151,628
163,040
36,198
Sales
Cost
——-
-
1,600,088
$2,748,431
A;175,274
J 128,000
operating ittcome-..
Other income (net)-
etc
Tea; Co., Inc.—Sales Show Gain—
Period End. Mar. 27—
•
development,
licenses,
patterns,
Prepaid insurance and taxes
Accounts
Net
9,946,236
126,816
35,498
profits tax_.
excess
goodwill, etc. (net)
'Tools, jigs, drawings,
$6,072,829
992,977
1,170,996
refund
Patents,
240,906
1,088,583
$6,745,840
taxes—-——
Federal excess profits
Other
-
$7,111,733
1,453,360
A,
operating revenues—
Post-war
1,007,701
•
.'-hi-:
Inventory————-i—,———
—
Notes & accts. receiv., not due within one year
2,094,023
2,145,491
—
——,—
receivable—
acceptances
and
Notes
2,186,516
—_
1941
$1,327,424
bonds————
—
receivable
Accounts
$14,836,049
$18,816,063 $16,706,978
Current maintenance __—_—2,577,226
2,540,087
Depreciation and amortization exp.
2,410,909
2,264,350
Traffic expenses
^
—3,442,043
2,547,793
Commercial expenses
1,320,033
1,118,683
Operating rents
_
340,751
262,433
General and miscell. expenses
1,613,367
1,227,791
Total
1942
$836,028
500,000
403,487
137,905
39,609
163,208
30,771
—————'——
Treasury
States
United
1940
1941
1942
-
banks
in
Jewel
Sheet, Dec. 31
Comparative Balance
-
Assets—
Cash
Monday, April 19, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1460
••
.1
fees,
contention
that
the
such services when rendered
-
'•. 1
A' A
j f
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
157Number; 4169
1461
—
■
to
affiliate.
an
He found further .that Brooklyn Union pas Co. direc¬
approved these payments were not liable since they had lilecl
tors who
all such contracts with New York P. S.
Liabilities—
.
Dividend
Commission.—V., 157, p. 346.
Laclede
Gas
for
Capital
the company and sale of its affiliated
•company, Laclede
Power & Light Co... to Union Electric Co. of Mis¬
souri have been approved by the Missouri P. S. Commission, subject
to
conditions
imposed by
the Commission.
The
plan now awaits
approval
the
of
of
Securities
and
Exchange
Commission
before
it
Profit and loss
The
sale
of
Laclede
Power
Total
nually.—V.-157, p. 1083.
,
,
stock held
&
at
1,982,397
Creole
Petroleum
Corp.
above.—V.
2,086,884
Income
Sales
157,
by
8,500
shares
in
cost.—V.
average
1943
157, p.
and
98,607
in
1942
operating
of
Lake Superior District Power
General
of
475,
1942
1943—Month—1942
$5,895,561
—
Revenue from all customers
Miscellaneous
Renegotiation
that the
and
1940
$2,652,279
income
$2,521,755
$2,373,688
37,459
38,103
2,191
______
Law
of
results
Total
income
expenses
Payment
—_
Dividends
1,674,531
196,000
preferred
on
196,000
30,196
31,153
paid
175,000
181,826
160,196
160,196
such
236,115
stock—
common
on
30,522
i
stock-
137,696
to
;
Balance
to
surplus—__———v
$4,911,025 $11,308,267
Amortiz.
$8,167,662
$97,569
$134,529
were
will
and
accounts,
and
notes,
$249,827;
$20,547;
accounts, $55,779;
uncollectible accounts
for
Dr$64,992; material and supplies, $159,174;
deferred charges, $610,907; total, $15,519,391.
notes,
$41,071;
Liabilities—Common
stock
$49,861;
$3,500,000;
earned surplus,
total,
and
The
$15,519,391.—V.
156,
on
result
in
stock,
payable
25
''with
cents
May
paid
cents
iollows:
■as
50
Feb.
31
holders
to
Feb.
on
28,
share has been declared
per
of
on
•
the
on
by
May 21.
This compares
Distributions during 1942 were
27,
last.
Aug. 31,
25 cents each;
and Nov. 30,
$1.25.—V. 157, p. 640.
reduced
total
have
of
been
interest.
thirty
called
for
Payment
25
West
p.
15-year
redemption
will
be
notes
coupon
of
as
made
at
May
the
dated
1,
St.,
N.
Y.
City.
K. L.
office
Sullivan
anticipated.
net
of
1,
;
payments
■
the
original
of
the
on
greater
than
ration
Sept.
on
Lehman,
the
"It
is
$34.54
24,
share
of
earned
Royalties,
at
the
and
par
corporation,
155,
is Secretary.—V.
1937),"
for
Mr.
also
continually
paid
first
of
the
March
on
paid
in
to
31,
1943,
the
that
by
Robert
stockholders
out
the
to
net
excess
asset
of
three
In dividends
shares
record
for
that
of
in
cor¬
20,
date,
1930,
having
since
organi¬
A stockholder retaining his shares during
of the corporation's life has received $16.56 per present
dividends.
The
net
the
asset
Dec.
public
of
value
31,
value
as
$34.54
March
of
share
per
calculated
after
outstanding
with
compares
and $25.09 oh June 30,
1942,
was
31
in
$29.54
the
hands
share
per
on
1942.
The March 31 net asset
an
allowance of 35 cents per
deducting
share for Federal and State taxes computed on unrealized appreciation.
During
chase
the
Total
___
and
return
future,
March
ended
quarter
31,
the
corporation
did
not
discounts from net asset
value
at the time
of purchase,
had im¬
proved the net asset value of the remaining shares.
Securities, other than U. S. Government obligations, with a value of
$5,118,000, were sold during the quarter ended March 31 and securities
with a value of $5,623,000 were purchased, indicating a net increase
in portfolio investments of approximately $505,000.
Income
Interest
Account
for
Nine
Months
earned—
Ended
1943
March
S. Government obligations.
other
On
bonds._____.____
'
$28,667
$55,101
141,369
156,849
2,330,831
2,111,055
dividends in securities
—_
18,012
12,225
$2,525,589
$2,335,229
210,101
10,700
—
24,722
$2,279,881
162,238
Total income
6,600
Salaries
Directors'
fees
;
—_
244,987
40,328
Provision for franchise, capital stock
and
miscellaneous
taxes-—-
Miscellaneous expenses
Provision
Net
ordinary
March
31
47,651
48,798
75.808
38,808
44,353
54.809
110,000
40,000
50,000
$1,870,157
on
$2,130,209
investments for the
1942 and $461,117 in
$1,011,636 in
Loss
Credits
$1,875,799
1943.
and $13,022,288
1941
(2)
the
in
1943.
the
same
261,928
164*554
believed
to
the
Revenue
Act of
be
income
maximum
tax
liability
135,452
—
Dr74,363
has
of
been
the
Receivables
Dividends
U.
S.
for
discount
Investment in
real
corporation
an
amount
under
and
interest
—
(at average
real
accrued
(at average
notes,
and
1942
$1,718,375
$3,632,604
16,294
289,225
cost)
cost)—_———
estate corporation
investments
the
The
of
its
321,258
3,700,302
3,803,049
599,185
(2) With
(at cost)
56,571,292
—_1_———
record
The
,
930,687
result
in
reduced
_____—
$63,534,641
$64,754,132
extra
Feb.
on
a
of
15
v
quarterly dividend of 15 cents per
$10, payable May 29 to holders'of
par
cents
27, last.—V.
and
157,
a
p.
quarterly
346.
38,582
of like amount
;
1941.—V.
15,125,000
of
$9,992,766
$8,062,753
2,505,930
8,757,476
8,760,370
1I$654,944
$63,961
$1,232,396
$1,180,813
the
$3.52
normal
reduced
shipping
depletion)
and
unused
$3.97
$3.21
arid
40%
of
surtax
earnings
for
the
taxable
on
year
not
were
for
the
1942
year
net
of
excess
profits
excess
for
made
the
of
The
Liabilities—Trade
$376,948;
of
Sheet,
U.
S.
Dec.
approximately
$2,080,000
and
Government
securities,
$1,784,060;
(less reserve of $429,692), $2,191,improvement and replacement fund,
plant
etc., payable, $877,294; salaries and
taxes, $143,315; accrued State and local
$253,059;
accrued
Federal
capital stock tax,
roll
excess
Manufacturers
March
profit
Earnings
per
"After
needed.
[___
;
and
289,297
1,610,000
{4,284,000
1,915,000
184,001
12,835
,
$3,443,339
3,082,940
share
for
$3.63
prior
years'
provision
for
$4.33
reserves
Comparative
(All of
the
Consolidated Balance Sheet,
assets
located
are
in
the
longer
no
Dec.
1942
hand
on
$6,053,239
3,637,538
3,139,469
2,440,075
6,233,777
2,325,697
6,145,777
1,118,033
on deposit in banks
obligations
accounts receivable, etc. (trade)
1941
$6,919,914
and
1,135,500
Treasury
"Notes
and
Inventories
—
Miscellaneous
investments
Funds
set
Excess
profits tax post-war credit—
•(•Fixed
aside
self
for
insurance
791.897
charges
670,074
476,000
26,849,621
28,U4~87S
204,957
assets
Deferred
31
Americas)
Assets—
S.
$4,104,535
3,794,388
{After post-war credit of $476,000.
186,719
(net)
Total
$48,671,812 $47,771,351
—
Liabilities—
Prov.
payable
$1,259,540
payroll
Federal, State
foreign)
and
Reserves
for
Insurance
contingencies
Surplus
reserves
of
America
set
$2,897,952
$1.35
$1.15
and
$187,762
taxes,
and
1,488,117
417,724
and
deferred
(U. S.
liabil.
485,310
791,897
••■
stock
South
139,432
1,782,809
and local taxes
reserves
Common
$1,128,928
64,516
.__
for
$3,400,917
(948,597 no par shares)—
670,074
32,246,537
subsidiary
companies
aside—_______
:
32,246,537
in
437,273
394,816
11,603,930
—
11,285,723
other
Federal
of
income
1941
and
capital stock.—V.
excess
157,
p.
Total
1940
profits
1084.
count
V.
$48,671,812 $47,771,351
-
"Less
slow and doubtful items of $129,046 iii "1942
{Less reserves for depreciation and depletion
against
reserve
in
1941.
property reserves (including consolidation adjustment ac¬
$71,010) of $44,674,699 in 1942 and $42,610,474 in 1941.—
of
157, p. 899.
Corp.—Registrar—
Co., New York,
the
has been appointed
corporation consisting of
N. Y.,
above
Lone Star Gas Corp.—Dissolutionsteps for the dissolution of this corporation are being taken fol¬
lowing approval of liquidation by more than two-thirds of the stock¬
holders.
Co.—Completes Well in New Field.
central
Kansas, in
and
Barton
appears
which
to
this company
have
opened
has sub¬
important
an
The
(par
Corp.,
the
Changes in Personnel—
Meinert, formerly Treasurer of the company, has been elected
elected
President;
as
T.
M1.
Martin.
as
J.
Treasurer.
J.
Vice-Presidents; Jeff Davis
Allinson,
as
Secre-
stockholders
to
only
The
Stock
asset
Lone
A
Gas
Star
stock of the Lone Star Gas Co.
D.
A.
Hulcy,
Lone
Star
according
President.
This
Gas
to
stock
a
is
corporation.
Gas
Co.
shares
approval
on
dividend,
Co.,
from
the
of
Exchange
mission.
said.
Vice-President, and E. W. Atkinson, former Comptroller,
Howell
5,499,000 shares of the capital
$10)
will be distributed to stockholders of
share for share,
as
a
liquidating dividend,
letter
Star
E.
408,118
•
1,505,000
surtax—
—
common
reduction
$0.21
stantial
been
and
tax
(domestic
for year
1942
new
J.
income
taxes
Earned surplus
31
has just completed the No. 1 Viola Ford in Section 12,
Township 26, South Range 12 West in Pratt County, Kansas, flowing
at the rate
of 30
barrels per hour, according to announcement by
Col. T. H. Barton, President.
This well is one of the most important
has
439,728
"286,932
32,693
$534,186
registrar of the capital stock of
30,000 shares, $100 par value.
discoveries in
585,255
2,455,462
2,259,981
foreign exchange adjust, for realized losses
$0.14
Trust
acreage holdings,
Viola Line Field. Col.
depletion
208,048
1943
and
and
foreign )___
$357,347
share—
shares
$12,856,766 $11,170,165
359,625
394,338
756,670
profits
income
Net
866.-
profit
:
3,055,404
$13,216,391 $11,564,503
normal
plan), $41,705; manufacturing properties,
depreciation and obsolescence of $28,941,083),
Earnings for Quarter Ended
v,
16,553,518
3,003,169
contingencies),
Other
U.
1942
taxes, royalties, etc.,
$21,250; reserve for general contingencies, $3,461,459; reserve for re¬
building furnaces, $1,178,089; common stock (no par), $15,656,481;
capital surplus, $7,811,783; earned surplus, $17,109,188;
total, $46,888,-
2,505,037
1941
19,058,837
:__
expense
taxes_.
Federal
is
accounts,
depreciation
Years
depreciation
Dividends paid
retroactively applied,
estimated tax liability for
31,
(excl.
———
depreciation
Federal
stock
pay
Calendar
$34,918,772 $30,779,087
annuities—contributory
retire-j
ment
pension plan_,
Misc. charges (inch prov. for doubtful accounts
amount
credits,
original
remainder
$8,490,646;
for
for
service
Accrued
and
share,
per
(& Subs.)—Annual Report—
income
for
Accounts
Reed
cents
income
$3,500,000, of which $1,420,000 has been realized
the 1941 return and has been added to the
$3,959,569;
reserves
F.
27Vj
was
earnings
the
over
costs
profit
Provision
on
(employee
A.
issue
1700.
p.
administrative
Provision
Cash
Barton
this
on
154,
1942
Miscellaneous
Net
subsidiaries
reserve.
H.
liquidating dividend of $8.10 per
$10, payable April 20 to holders
6,881,940
reduction
a
per
Ltd.—Liquidating Dividend—
a
1,675,000
$8,821,437
and
and
$10,387,513; investments in and amounts due from other corporations,
$2,474,502; mortgage and collateral notes, $235,235; deposits, claims
and miscellaneous receivables, $155,763; depreciated cost of other real
estate, $115,333; notes and accounts receivable from employees ($77,078
secured), $104,596; miscellaneous bonds and stocks, $12,500; stock sub¬
scriptions
declared
preferred stock, par
12.
distribution
1,
Selling
by them aggregated $267,212.
payments
inventory,
have
7%
——________________
63,059
Balance
E.
An
stock,
Sales
190.438
refundable.
R.
$139,898), $209,926; fixed
depletion of $12,811,801),
total, $17,734,083.
'
'
Comparative Consolidated Income Account
167,035
to 1941 taxes, certain provisions of the Revenue
relating to allowance of war losses on foreign investments
contingency
1
54,560
of
(sub¬
advances,.(including post-war claim
Lone Star Cement Corp.
:
24,361
only
1941 by approximately
950.687
52,565
life
Corp.
April
last
Oct.
166,962
18,150,000
27,716'
55,376,492
1
advances——
the
'
104,160
respect
carry-back
recent
declared
common
directors
on
Mfg.
$0.74
unconsolidated
Act of 1942,
The
Chemical
■
company's proportion of the
dividends paid
{On
from, Lion
$412,274;
Loew's London Theatres,
The
share
355,849
206,900
profits tax.
of
"After
$94,987),
on
■
substantially
excess
T.
"total
3,247,513
The company
—
estate .investment—-—
Miscellaneous
3,248,171
the
272,193
sold
securities
receivable
Other securities
Other
in
31
_____—
Government obligations
Short-term
made
1943
banks—
in
record May 14.
'were disbursed
7,918
-
330,000
___
Lion Oil Refining
Sheet, March
Assets—
Cash
3,545,843
275,166
_____
"'Includes
as
Notes—(1)
etc.
have
101,428
the
on
Past
subject to
(less
accounts
of
Corp.—Regular Dividend Declared—
directors
179,358
deducting materials used, labor, manufacturing expenses and
adjustments of inventories.
"Net profit from sale or liquidation of in¬
vestments
in
other
corporations,
including
subsidiaries.
{Includes
$1,625,000 excess profits tax.
{Includes $4,175,000 excess profits tax.
1942.
Balance
Lionel
•share
SAfter
etc.
and
insurance
common capital stock (435,808 no par shares),
$7,609,952;
earned surplus ($1,186,245 Is not available for
dividend distribution),
$1,993,803; total, $17,734,083.—V. 156, p. 1776.
""575,000
—:
Balance, surplus
Earned per share
104;
notes
accounts
of
$5,400,000;
Operating
by
and
payable, $6,250; accounts payable, $871,964; accrued
$75,434; accrued taxes (less U. S. Treasury tax notes, series
$1,000,000), $1,285,954; interest accrued $90,725; funded debt
fund payment due within one year, $400,000; long term debt,
of
sinking
on
Lincoln Warehouse
-
Federal
2,679,909
plan_
Dividend
in 1942.
dates.
for
$1,585,887
(estimated) of
depreciation and
charges,
under
Net profit
Taxable dividends paid in securities have been taken into income,
being the market value of such securities on the ex-dividend
Provision
'
1942
value
taxes
deferred
$1,850,986
serv.
will
notes
cash
and
$10,719,054;
for
res.
stock
and
31,
banks, $2,864,404;
receivable
investments
for
of
Federal income taxes
basis
(3)
435,066
,
330,259
for
income
account
Dec.
doubtful
$2,417,597;
Federal
401,797
13,531
85,899
The net
The net unrealized depreciation
on
basis, was approximately $7,134,295 in
of
in
for
reserve
$18,008;
Sheet,
and
reserves
$5,133,611 $21,314,028 $19,260,311 $13,938,916
add'l
{Earnings
on
$2,020,953
44,460
:
$1,993,803
(less
The
V.
334,033
82,860
dispos. of equip.
"Net
$5,689,076
$2,473,345
expense—:
.
392,000
on
(less
refund
"C",
"18.191
nine months
depreciation of the corporation's assets on March 31, based
market quotations, or, in the absence of market quotations, on fair
value in the opinion of the directors, was approximately $14,906,387 in
and
for
hand
on
$166,584;
assets
1939
559,729
in other corps.
unrealized
1942
$979,830
1,041,123
435,082
and
___.
inventories,
sidiary),
payrolls,
1940
402,181
income
on
"June 30, computed
796,342
$887,458
—
disc,
■
1,883
•
1,585,887
;
—
(cash)—,
•
223,657
26,717 :
"1,780,819
wholly owned
for
wages,
income
was
officer,
added
etc..
33,826
_________
Notes—(1) The net realized loss
ended
45,528
income tax—
for Federal
been
$46,888,866.
transfer,
custody of
securities, insurance, legal, audit¬
__
293,665
;
—.
$926,236;
$15,255,680; gas properties, $979,275; deferred charges, $701,385; total,
Registration,
ing and reports
expenses
—[
surplus
receivable,
for
60,782;
:v
Assets—Cash,
121,079
2,106,763
and
profits taxes—
Balance
real¬
trade notes and accounts receivable
1941
$34,027
_
Cash dividends
Taxable
has
been
618,516
Federal cap. stock tax
Patent acquis, chgd. off,
31
1942
'
On U.
87,402
$2,001,712
the year—
unamort.
Assets—Cash
Charge-off of invest, in
pur¬
Its own shares for retirement.
The report pointed out,
the corporation might make such purchases in the
it had in the past, and that the past purchases, made at
that
as
63,052
$2,988,659
per share
$2.04
$2.25
"Includes $1,448,623 Federal excess profits taxes.
{On 4Vi% deben¬
tures redeemed prior to
maturity, less $189,542 Federal taxes relative
thereto. ■
•.■'A:
'
Years
1941
365,956
Selling, adv., administ.,
ir general, etc., expenses
of
any
however,
$1,914,310
.
excess
Act
liability
has
etc.,
—
([Deficit.
,
'
'
of
Earned
$4,029,179 $20,063,624 $18,136,964 $13,203,585
67,698
80,850
89,340
58,409
99,839
52,451
45,177
Discounts earned
24,
one
the
June
stockholders
to
272,388
$2,925,607
-
—
paid
and
Total
of
511,651
;
Earnings
of
original
Sept.
on
dividends quarterly since that
paid
value
the
corporation
stockholders
holders
to
the
in
was
retirements—
1
for
Total
$5,589,114 $21,588,151 $19,947,647 $15,323,147
1,559,935 - 1,524,527
•1,810,683
2,119,562
Gas prop, income (net)
Other income ____:
corpo¬
corporation.
years
in
report
1943,
dividend
total of $35,086,092
a
13'/2
share
its
pointed
and
zation
to
31,
share paid in to the
adjustment for the split-up of
Lehman said.
Lehman
Revenue
tax
$1,420,000
Calendar
foreign corps.
covering the first nine months of the
able
March
other
discount
surplus
,
Account
employee
be
to
paid
the
to
per
poration
has
share
per
announced
was
report
a
corporation
and
——
and
income
{Prern.
amounted
surtax
.
—
rentals,
income
year.
on
$33.33
(after
Mr.
in
fiscal
of
amount
1929,
gratifying
per
amount
1929
original
President,
corporation's
>
share
per
1,467,441
capital
—
■
the
estimated
which
1941
^
mfg. prop.—
on
invest,
value
$3,654,139
1,394,020
for
prov,
Liabilities—Note
>.
Net mfg. profit—,
Dividends received
1929
Corp.—Reports Higher Asset Value—
asset
408,127
319,178
$4,831,277
before
income
debt
inc.
Dividends
earnings for the
of
provisions
1942
•
Lehman
1,514,032
350,017
312,645
_
and
Previous
the period under review.
substantially reduced
profits tax.
$3,500,000,
Income
Prov.
A
1941
9,077,617
1,370,839
—
deductions
Net
and
to
•
May
1943
1409.
43rd
financial
up
York,- N. Y.^-Notes Called—
(30)
expenses—
expenses^—
depletion
pursuant
contingency reserve.
The remainder of approximately $2,080,000
refundable, subject to the usual audit by government authorities.
returns for all years prior to 1941 have been examined and
approved by the government, and no further liabilities thereon are
Net loss of
Lealdo Corp., New
A
work
war
subsidiaries
<
selling
leaseholds
income
for
Prov.
Tax
common
record
and
May 29
during
certain
of
reduction
a
by. approximately
Interest
of
and
income
Other
1942,
Deprec.
Monotype Machine Co.—50-Cent Dividend—
A dividend
for
to
War
excess
taxes,
2225.
p.
April 6 paid a dividend of 50 cents per share
the capital stock to holders of .record March 30.—V,
157, p. 1271.
Lanston
able
the
to the
Superior & Ishpeming RR.—Dividend—
company
sub-contracts
the
as
to
1941
to
SManufacturing profits.
Lake
be
for
is
debt,
$649,120;
subject
not
respect
ized
prepayments,
$75),
(par
long-term
as
Statement for Calendar Years
administrative
operating
Interest
to
and
the Maritime Commission,
completed examination of the
sub-contracts
and
1941
$2,669,925; preferred stock,
$5,600,000; accounts payable,
$72,181; customers' deposits, $32,486; accrued taxes, $519,894; accrued
interest, $58,048; other current liabilities, $13,286; deferred liabilities,
$10,472;
reserves,
$2,344,119;
contributions in aid of
construction,
$100),
(par
itself
relating to allowance of war losses on foreign investments
and carry-back of unused excess profits credits, retroactively applied,
merchandise
reserve
named
•
customers'
service
for
and
528,-has
taxable income
on
With
of
accounts
gratified
are
acting
Taxes—Company's Federal income tax liability for 1942
$575,000.
This liability includes only the normal and
Assets—Utility plant, $13,469,811; investments, $306,315; cash, $274,213; U. S. Government securities, $380,061; special deposits, $16,677;
other
Contracts—We
Department,
contracts
contracts
40%
$101,017
Balance Sheet, Dec. 31, 1942.
t
Secretary
been
services—9,634,223
and
of
Gross
states:
Dec, 31,
year
,
;
and
Depreciation
1943—2 Mos.—1942
1942.
It has been found by the Secretary of the Navy that the company
has realized no excessive profits on such contracts and has therefore
been fully
discharged of all liability under Section 403 of said Law
to refund or repay to the Government any of the profits realized under
$2,375,880
1,856,155
—
interest and deducts.
paid
Dividends
$2,559,858
196,000
—_
to bondholders—
Amortiz., gen.
$2,689,738
2,030,776
———_
No.
our
including
Total
War
of
Navy
Departments
Treasury
Public
to
President,
Biggers,
report
1941
also
994.
p.
D.
Assistant
as
has
•••;.,•.
income—_________—$16,499,002 $14,973,092
and
oper.
income
extinguishments
Corp.—March Sales—
Libbey-Owens-Ford Glass Co.—Annual Report—
John
••
Taxes, other than income taxes
Net
Co.—Earnings-
Calendar Years—
sales
Transportation
$64,754,132
shares
.
1084.
p.
Barton
N.
Martin
1942
Gross
_______Dr20,969,247Drl9,675,351
______
„——.
—V.
C.
M.
1 \ '■
reelected to the board of directors.-
were
Net
the
and
T.
•"'/■'•.,•
■"
83,673.396
_______
Period End. Mar. 31—
Merger—
on
157,
Counsel,
Terasurer.
All of these officers
Other
Lago Petroleum Corp.—To Vote
See
General
Manager.
Drl96,500 Drl.991,078
Stores
Lerner
-
an¬
•
,
,
General
159^441
81,671.927
and
Assistant
and
3,772
208,048
'—$63,534,641
-
be¬
mortgages by any other procedure or method.
Under
reorganization interest charges will be reduced $910,000
of
plan
par)___
taxes____
<
Cost
Light to Union Electric
for base price of $8,600,000 plus certain adjustments at time of
transfer, Is contingent upon the plan of reorganization being con¬
summated, or the extinguishment of the liens of the presently out¬
standing
and
expenses
(net)
"Represented
for
contract
$497,069
purchased^:______iJ_:^-_;344,566
stock
^'Treasury
effective.
comes
1
plan
stock ($1
surplus
Capital
Light-Co.—Reorganization Approved—
reorganization
accrued
tary
$493,469
for
•Reserve
The
/''.'•■'"/v.--
.
payable
securities
Payable
of
20
by
cents
payable May 31
will
the
a
be
listed
Securities
share
has
on
and
been
the
Pittsburgh
Exchange
declared
to. holders of record May
Com¬
by Lone
15.
Order Amended—
The. Securities
order
terests
of
and
Oct. -22-
in
several
Exchange Commission amended March 24 its
requiring divestment by the corporation of its in¬
subsidiaries
and
approved
a
voluntary
plan
ot
Monday, April 19, 1943
1462
doubt
conformity
to
as
the
of
reorganization
'-v
•
■
the
cents per share
record May 15.
initial dividend of 20
May 31 to holders of
payable
stock,
common
V.
(See
1954.)—V.
156,. p.
134,
press
A
The directors have declared an
on
leading
Dividend—
Gas Co.—Initial
Star
current liabilities of $2;699,I43, leaving net working capital of $3'. 118,815
statement; Mr.-Ruhf said:
''Mack has long been one of the
which compared with working capital of $2,525,967 a year before.—r
motor bus producers in the country, and we regret that the
/ V. 157, p. 731.: ^
:
:
:v''
of war production has caused us to halt bus production tempo¬
rarily.;
Mack had continued in bus manufacture up to the present to
Mesta Machine Co.—Annual Report—
help avoid a crisis'in transportation facilities at military bases and
in- war production areas.!
However, Mack will make every effort to\ !•'
Calendar Years—
1942'
1941
supply 'owners of Mack buses with adequate replacement parts and
Profit from
$11,293,580
$9,227,973
service facilities, during the halt In production."
y\ .Genera^ admin, 'and - selling - expeiises^lv^jf:.
1,350,120
1,977,523
i; During the latter part of 1942 Mack relinquished its; main bus plant
.
1760.
p.
Vultce Aircraft, Inc., for the production of
fighter airplanes.
To compensate for this loss of manufacturing space
the Government turned over to Mack 400,000 square feet in several
at
Corp.—Earnings—
Los Angeles Ry.
Passenger
from
coach
$2,247,392
$2,962,985
52
69
69
.■'',;V;;"A
'.v:
51,254
5,997
105,555 .;
14,705
39
operations)
$1,497,869
251,745
129,910
$450,548
$2,262,166
282,724
799,491
148,633
$3,068,609
1,837,760'
$1,091,449
898,687
$162,049
>
83,205
Operating expenses
Depreciation
•
Taxes
revenue-
247,229
_,*i_!l!;i:..;
,
$948,124 ■X
income
Interest
68,066
63,794
debt
Net income
P. 1084.
■t
$418,794
129,033
;
'}■■■
the Whitney National Bank of New
$10
dividend
A
Stock,
$45,814
compares
were
follows:
as
and
share
per
Jan.
were
14,
the
on
157, p. 641, 255.
Calendar Years—
'
sales
,
taxes
income
than
,
13,256,036
157, p. 255.
216,969
>
Sought—
Co.—Tenders
Bank
$1,735,230
Pr6,979
!
income
$1,737,454
__
.
$1,189,143
387,523
Fed., State and foreign inc. taxes-A
Prov, for Fed. and foreign excess profits taxesPost-war refund on Federal and foreign excess
Prov.
407,468
595,275
for
profits taxes
—
—
'
affiliates)
! ;v
1943
! ;Uncolltectibl(g" operi
.Operating
Net
during
declared
Dividends
Earnings
year
nient. of consolidated
Gonsolidafted
31
" 1942 ; .•
$2,026,450
*
Deposits with postmasters and postage stamps
on
hand
—,
S. Treasury
*
-
(less reserve)
Accounts receivable
Due from
refund
profits taxes
Federal
foreign
&
Investment in
News
Co.,
in
Investment
from
124,016
Inc
Publications,
207,644
152,436
S-M
i
-
etc._—
_____
excellent,'.'
217,564
3,873,520
taxes
8,365,931
of
Liabilities—•
Accounts
$625,963
Estimated
estate
and
come
Dividend
Deferred
and
1,055,352
388,450
■4—-^-2———2-4—___-
183,047
184,797
replace, cost of pattern discards-
148,838
tCommon
1,724,304
1,177,375
-4—442——,_
9,632,630
9,632,630
2442-_4444444-42242242—2-l4---
4,754,988
4,755,976
stock
Earned surplus
.
"Less
for
of
reserve
$57,340 in
1941.—V.
156,
and $57,403
1942
depreciation of $4,715,194
standing 522,998 no
in
1942
shares in
par
1941.
in
and
527,998
in
shares
1943—Month—1942
Sales
$5,162,643
had
company
stores
202
$4,372,509 $14,156,685 $11,930,621
in
in
operation
March
of
this
share
the
on
declared
have
stock,
common
record
April
which
dividend
quarterly
a
$1,
par
payable
of
May
1
25
cents
A
17,
similar
distribution
made
was
Feb,
on
1,
with 50 cents per share paid each quarter
May 1, 1941, to and incl. Nov. 2, 1942.—V. 157, p. 1363.
Period End. Mar. 31—
Sales
$4,779,019
$3,668,370
—V. 157, p. 994.
The
have
directors
the
on
20.—V.
capital
157,
p.
declared
dividend
initial
an
payable
stock,
166.
May
10
of
four
holders
to
cents
of
per
record
"Net
profit
^Earnings
"After
fAfter
taxes
at
t$127,711
share-
for
Federal
estimated
JOn
$128,000.
and
income
excess
income
Federal
303,894 shares
of
and
common
$222,802
$0.63
profits
excess
stock
taxes.
profits
outstanding
(net).
Note—For
while
March
common
31,
1943,
dividends
'
Mack
preferred dividends amounted to $29,856,
$106,363.—V. 157, p. 1182.
totaled
Trucks, Inc.—Halts Bus Manufacture—
Manufacture
Corp.,
to
explained
trucks
of
released
Mack's
that
made
by C.
T.
move
of
demands
necessary.
halted
was
Ruhf,
vast network
pressing
the
buses
Mack
April
President of
dealers
of
•
on
the
and
(
as
follows:
Oct. 15,
$4,349,047
by this corporation thus
shoes
men's
,
that they have been
stock,—V. 157, p. 995.
7,
of
the
said
men's
far in 1943 are run¬
period
a
as
a
curtailment of
unfolded as yet as a result of rationing, he said',
still puzzled as to how
definite pattern has
adding that
had anticipated a drop of some 20% in sales
result of the draft, and he felt rationing may
somewhere between 8% and 10%,
No
company
shoes,
effected
have
to this point the consumer is
up
act.
1942,
of
this
shoes
for the simple
Melville
year,,
reason
shareholders
told
he
stated,
of course
Mack
Manufacturing
distributors^
Mr
Ruhf
Arfcry for heavy duty Mack
be
down
closings
produce
on
/
war
•
expanded, he said, following the adoption by the Army Air Force of new equipment developed by its engi¬
neers
working in elose cooperation with the technical center of the
Army Air Force and with other service agencies.
'-'.''v5'.;v'v•
The aero division was greatly
developments is secret," Sweatt said,, "but it
division's outstanding products is
America,'^,Jieavy bombers,"
;
The report states that the company achieved more favorable pro-;,
-duction experience with some of its war contracts than could have
been anticipated when the contracts were entered into, and that sub¬
stantial refunds due the government had been offered under the rene¬
gotiation procedure provided in Section 403 of Public Law 528.
t:
"While
no
final agreement
lias been reached," stockholders are
told, "provision has been made in our statement for the return of
amounts to the government that are considered by your board to b«
fair and adequate and
at the same time give consideration to the
interests of the company's stockholders."
At the end of 1942, the report states, the company was making use
of
its $15,000,000 V loan
credit to the extent of $6,000,000.
This
credit was arranged in December through a group of banks, and runs
/'
!i
."The
standard
to
of
nature
Dec.
these
that Gne of the aero
stated
be
can
equipment
on
1945.
31,
•
■■
t
■
*
(including Domestic and
Account
Income
Subsidiaries)
Calendar Years—
.
.(v!-,
'-
,
■•■■
Canadian
Vy,\
-ii) 1942 V:v;>. 1941
salesii^—2Llt^^^2Ji!w!^^$4I,372,9l2 $24,257,811
Cost of goods sold and operating expenses
23,702,210 16,227,472
Depreciation and amortiz. of plant and equip,*; ,;::; 624,220 ,*!Y 583,247
Net
Net
profit
operations—,
from
Other income credits—
—
——:
$17,046,482
$7,447,093
190,059
97,694
$17,238,541
$7,544,787
..
some
Merrimack Manufacturing Co.—Earnings—
—
—
profit
"After $1,650,000
29,000
—
tax reserve
shares of common
As of Jan.
-
-
fEarnings per share
1943
1942
$15,950,351 $11,880,260
—
429,308
$11.99
and $200,000 contingency reserve,
ton
—
"477,792
$13.63
stock.
2, 1943, the company
Total
income
Federal
capital
*
—
Canadian
stock,
(inc!
excess
■
•
1
profits taxes) and-State taxes,,1,273,885
income and excess profits taxes and
j
4.302,323
renegot, of U. S. Govt, contracts-*,—,-—13,559,625)
.
Miscellaneous income charges
52,024
5,168
Post-war refund of exc.. profits taxes (est.),,
Cr517,000 :-
;
•
Federal
500,000
Special contingency reserve,—
Net
for
income
Previous
the
$2,737,295
$2,868,008
year,,
5,221,095
4,472,300
$8,089,103
surplus
$7,209,595
felt, he
units could be advantageously re-opened at this point.
Shareholders; were told that'the company was working right along
on efforts to develop substitutes for sole leather,
and that at the mo¬
ment had something that looked prety good.—V. 157, p. 995.
Net
a
will
that materials are not available.
that the company's program of store
closing was now changing to one of store opening.
Last year's
were occasioned by lack of merchandise, but the management
said,
Sales
according to
great
'((V:
is comparing with the pre-Easter figures of
and that the retail trade has had to contend with a period
unusually difficult weather in recent months.
current
company's aero division it is now under contract to
volume electronic and other equipment for use
the
Consolidated
$8,088,410 $10,519,612
Co. — Annual Re¬
New Fields—
company,
planes.
1943—3 Mos.—1942,
1943—Month—1942
Years Ended Jan. 2—
statement
were
of New York announce
$2,720,815
retail—__r_.
of
the
that
Mr.
1941
$146,465
$0.38
$0.32
—
and
year
,
last year
from
1942
1943
—■
_
per
expenses
provision
of
31—
last
Corp.—March Sales Off 37.44%—
Shoe
Production
Mar.
Payments
Co.—Registrar—
Period End. Mar. 31—
Sales
to
MacAndrews & Forbes Co.—Earnings—
Quarter Ended
A similar distribution
record April 9.
Jan.
April 15, 35 cents; July 15, 25 cents;
and Dec. 31, 30 cents.—V. 157, p. 256.
.! ;;;!; VV:
Melville
He
April
Associates—30-Cent Div.
share was recently declared on account
cumul. preferred stock, no par value,
cents;
The National City Bank
of
McMarmac Red Lake Gold Mines, Ltd.—Initial Div.—
share
$2
to holders of
15,
1943.
15
on
40
cents;
per
the
Mead Johnson &
Sales
1943—2 Mos.—1942 '
$1,981,237
15,
cents
on
ning about 40% under a year ago, Ward Melville, President, told sharer
holders at the annua! meeting.
In measuring the effect of rationing
and lack of materials on the shoe business, however, he emphasized
1943—Month—1942
$2,524,189
—
15
of
last,
from
Co.—March Sale#—
McLellan Stores
Jan.
per
holders
to
compares
30
appointed Registrar for the no par value common
McGraw Electric Co.—25-Cent Common Dividend—
directors
Air Forces,
year,
comP^ed with 203 stores for the same period a year ago.—V. 157,
The
April
made
was
2
1943—3 Mos.—1942
of
accumulations
payable
' ;
McCrory Stores Corp.—March Sales—
dividend
A
of
Period End. Mar. 31—
The
Massachusetts Power & Light
JOut-
1941.
par
no
607.
p.
tank—America's first, intro¬
.
although totally without previous experience in the
field, has in the ,space ef two years become* one of the country's lead¬
ing volume producers of ordnance fire control equipment, Harold W.
Sweatt, president, announced in the annual report.1
■'
He also disclosed that less than two years from the establishment
in
(Less reserve
$4,456,030 in
and
1942
(bullet-proof)
■
Minneapolis-Honeywell Regulator
The
company
self-sealing
the
157, p. 1034.
port Reveals Company in
X'-fSi
shortly
;
,
,
ization in 1933.—V.
Granted License—
after Gen. H. H. Arnold, Chief of the Army
called for such a device early in 1940.—V. 156, p. 1934.
$18,401,187 $17,146,898
__^—-__-4_-4_—------
is
version
duced
Total
•
■
Verne. Skinner, Bales Manager for several years, has been elected
Mr. Skinner has been with Mid-West since its organ¬
'<
The high rate
the company's
had granted the Government free
license to one of its most cherished and lucrative patents, the Mareng
Ceil, was made recently by Glenn L. Martin, President.
^
The Mareng (for "Martin Engineering") Cell is a synthetic rubber
fuel tank for airplanes and other conveyances.
Its most spectacular
Announcement that this
148,823
a_—_
credits
■■
desires to dispose
;
Vice-President.
of
in¬
foreign
641.
p.
Martin Co.—Gov't
(Glenn L.)
taxes———
profits
excess
payable
for
Reserve
for Federal
President.
the company's
of its civilian
offices occupy
than 9'9 is used by the
commercial tenants, Mr.
and liquidate.i-V. 123, p, 2389.
Mid-West Refineries, Inc.—New President—
Elmer W. Potter has been elected President to succeed B. J. Skinner,
deceased.
Since March,
1941, Mr. Potter has been Executive Vice-
297,424,
—
liability
157,
added.—V.
McBain
$561,423
276,065
-2—_4_1;—__1——
for the first quarter in 1942.
in the Merchandise Mart, chief asset of
division, is continuing.
U. S. Government
occupancy
approximately 30'7 of the space while less
company
itself.
The remainder is used by
~
~
>
,
payable
liabilities
Accrued
he said, "but gross profit margins in
division are decreasing because most
greater than
was
property is that the colliery company
railroad
all its assets,
;
have
manufacturing
—r" $18,401,187 $17,146,898
—
the first quarter of this year
The
lease.
under
road,
the
•
goods are sold under Government price ceilings while labor and some
raw materials! costs are
increasing."
At the same time provision for
real
-^24il444l^^^d;-Ui;-44l
Total
for
stores
share on
This
1,. 1942;
and on
the Hartland Colliery Co.; but is operated by
reason for the proposed transfer of title
The
the
,
retail
our
per
ICC on March 27 issued a certificate authorizing acquisition by
of the Hariland Colliery Co.'s line - of railroad extending
general southerly direction from Hartland to Bickmore, 4,1 miles,
Clay County, W. Va.
line is owned by
in
amount paid
97.265
,
261,283
3,699,520
8,365,931
:
1;_„ 1
—
advertising,
in
cents
record May 1.
company
a
of
75,989
4,
97,265
—
and deferred charges
"Sales
been
77,780
(property and plant
Subscription lists,
dividends.
in
dealers
with
in
in
nearly three times the
net profit and
the
than
greater
have declared a dividend of 40
payable June 1 to holders of
$1
with
The
higher provisions for; Wartime income taxes were made by
the company in 1942, Hughston M. McBain, President, reported at the
annual meeting held on April 9;
The provisions were considerably
.> 54,548
Corp-.—40-Cent Dividend—
Middle Creek RIl.—Acquisition—
.,.
Higher—Profits Lower—
Quarter Sales
First
,
.
stock,
common
:|lim
of
Castle & Co.,
M.
A.
Simpson,
,
paid on Dec. 1, last, 40 cents on Jurie
75
cents
on
Dec.
1, 1941, and 40 cents on June 2, 1941,
June 1 and Dec. 2, 1940;—V: 156,-p. 1777..
former President and
Marshall Field & Co.—V. 157, p. 641.
59,946
48,452
y
—44——44
account receivable
deferred
and
Weekly
Merchandise
Prepaid
account receivable from
and
of
James
39,911
102,448
-
notes
Inc
the
Sharply
4—__
bearing serial
Merchandise Counsellor on
794,175
1272.
$3,575,162
1,964,742
2,382,038
$781,232 ' $1,673,181 $1,610,425
749,571 V 1,559,670'
1.535,640
$854,952
income
directors
!/;The
William B. Simpson is Chairman of the
Chicago, and is a brother of the late
Chairman of the board of
since February,
company
board
excess
Deferred accounts receivable,,,
Non-interest.
;
the
the
1,629,571
1
Vice-President and
as
1,231,366
oper.
$4,055,219
$1,715,474
934,242
$2,086,318
157, p.
(.'compares
Bunker. Vice-President,
company's retail merchandising problems.
Mr. Bunker will
his principal office in the Chicago retail store;
v /
•
Mr. Palmer, newly-elected director, has been First Vice-President of
1,118,701
.
hereafter
revenues.-
taxes.-L_^l
Mid-Continent Petroleum
of his activities by relinquishing his position
Manager of the Chicago and suburban stores
maintain
110,830
32,729
officers and employees.—
Post-war
serve
all
35,887
:
1,162,426
1,665,771
Inventories
5
'
,
—
of
1941
$1,250,729
31,789
250,125
1-1-2—311,628
-
savings notes
tax
as an
announced that Charles C.
scope
General Merchandise
to
Sheet, Dec.
Balance
Assets—'- -V
Marketable securities
the
broaden
as
Cash
U.
will
also
McBain
Mr.
from foreign operations included
operations for 1942 and 1941 was.
net profit
1943—Month—1942 I , 1943—2 Mos.—19421
$4,635,322 $10,803,930 $9>54(j,383
13,151
24,090
36,221
2.901.69T
6,724,612
5.934,995
Income
—V.
Corps.
$1.52
$1.52
in the statematerial.
not
share
per
Note—The
commissioning of James Simpson Jr.
the
Frederick D. Corley and
officer in the Marine
the resignation of
vacancies created by
fill
to
(less U. S.
$5,403,930
12,040
3,305,572
revia!
expenses,
oper.
Net
Net
of the com¬
pany's manufacturing division, with headquarters in New York.
James L. Palmer and William B. Simpson have been elected directors
$801,620
,739,187
—$794,656
1—:
737,157
(trade), $1,408,735;: payrolls accrued,
than Federal income and excess profits,
Vice-Presidents, etc.
Hodges is General Manager
Mr.
stores.
payable
taxes,, other
Period Ended Feb, 28—
Operating revenues...,,
McBain, President, on April 10 announced the election
H. Hodges as Vice-Presidents.
is General Manager of , the
company's Chicago and
retail
$484,000,;
notes—tax series of $3,000,000r, $3,629,626; other accrued
$91,818; dividends payable, $617,496'; reserve for.: replace¬
ments on sales, $332,802; reserves, $287,250; common shares (par $5*,
$5,000,000; earned surplus, 510,593,256; treasury stock (12,021 shares
purchased for resale to employees), Dr$68,178; total, $23,118,762,-rV. 157, p. 818.
Street and Luther
S.
Street
Mr,
suburban
r—059,945)- *) !■
-
for year
Net Income
William
$2,297,196;
Michigan Bell Telephone Co.—Earnings—
companies, and other
Marshall Field & Co.—Two New
Ilughston. M.
^
tax,
accrued Federal Income and excess profits taxes
Operating
of
profits
(.liabilities,
•
Total
$9,573,304)
inven¬
Treasury
agent, New York,
1942
1941 >
Net operating earns, after taxes.,—
$902,136
$704,547
$815,848
Earnings per common share——
,$0.15
$0.12
$0.14'
Note—The above figures are adjusted to minority interests as re¬
ported to the New York Stock Exchange.—V. 157, p. 641. ,
,
' .
$1,195,222
2,224
^
receiv¬
accounts
$2,809,707;
hand,
accounts of $5,000), $6,722,823;
and
Liabilities—Accounts
$662,398;
1, 1957, to an
constituent banks, trust
and
on '
(less billings on uncompleted contracts of
credit in respect to Federal excess
manufacturing
.
the
of
and
■fttotal;: $23,118,762.
,
;
Trust Co., paying
&
banks
for doubtful
other buildings, machinery and equipment
■> (less
reserve
for depreciation of $5,903,495); $10,684,487; intangible
;assets, $3,782; deferred charges, $116,767; total, $23,118,762.:
:
(E.W.T.) on May 4 receive bids for the sale
sinking fund of 20-year 4 'k ■ sinking fund
amount sufficient to exhaust the sum of
at prices not exceeding 102'/a and interest.—V. 156, p; 1505.
due Feb.
(Corp,
241,218
,: 366,806
and miscel.
in
reserves
and
•' V,
1942 * .,•'■■ I
post-war
land,
Marine Midland Corp;—Earnings—
12,423,500
.''v!! 367,570
A
—..La—*-,;.—
income (net) ~
profit:-
Operating
Dividends,: interest
(less
$3'.60
$3.62
—
1
Balance Sheet, Dec. 81,
r-
Assets—Cash
the common
.has been declared on
Quarter Ended Mar. 31—
—;
—--r—^-4-'
Depreciation
Whitney Bldg.,
Co.—80-Cent Distribution—
Hanover
account
for
it
bonds
1942
1941
$15,575,805 $14,226,746
•
,
other
Taxes
Report—
and general expenses and
for bad debts1
:
prov.
T
%
N.Y., will until 1 P. M.
to
J>..
/
admin,
Mfg., selling,
Orleans, trustee.
in 1941.
$398,978
able
cents per share
80
Sugar
Central
The
share———;
depreciation »mounted tor $429,320 in 1942
Note—Provision for
leasehold 5% refunding
Payment will be made
1505.
p.
and Dec. 29, 30 cents.—V.
$1.05;
$233,758.60
Net
dividends
$563,559; accrued
declared
recently
was
(& Subs.)-—Annual
McCall Corp.
of
Manati
was
26, $1.25.—V.
Sept.
total
of May lr 1943 a
Distribution—
payable April 15 to holders of record April 8.
made on Jan. 20, last.
Payments in 1942
12, 75 cents; April 20, $1; June 25, 75 cents;
stock,
distribtuion
.
$25, payable April 14 td holders of record Apr.l 8.
This
with $1.15 per share paid on Jan. 14, last.
Payments in
as follows: Jan.
14, $1.15; April 14, $1; July 14, 65 cents;
par
1942
cents
50
common
par
similar
A
of
dividend
156,
Electric
Maiden
133.128
'
Bleachery, Inc.—50-Cent
Lowell
La.—V.
Orleans,
New
84
Oct.
A
as
of
$20,000
$173,942
$289,761
$10,825
$139,569
—
—V.. 157,
22,288
1
L
'
_L_
$3,625,763! $3,607,738
,2,716,961
2,469,948
income
Net
tories:
$203,363
!
*,—,—
funded
on
79
'
'.y
"V
called; for, redemption
been
first mortgage real estate and
bonds dated May 1, 1935, at 102 and interest.
178,858
418,715
47
$78,891
43.
Non-operating, income,,
Gross
78.844
203,320
$7,250,450
36,303:
Earnings per common
have
There
of
168,749
at
Operating income
$9,943,460
profit
_income
Cash
tion—
$347,607
529,409
:
Other
Springs, Ark.—Redemp¬
Majestic Hotel Co;, Inc., Hot
1,662,814
-
Net oper.
),
-V, Operating
,,
,
.
Operating revenue
to
factory
:
.
transportation
;
Revenue (other rail and
Pa.,,
Allentown,.
buildings in the Allentown area.
Despite this allocation the ;>,.;a Total. income
$9,979,76*3 $7,272,738
increasing press of war production ill Mack's three huge plants gradu¬
Pennsylvania income tax
248,000
263,000
ally ate into the allotted! space , until the present temporary halt in :
■Federal income tax——:
1,750,000 V 1,684,000
bus production had to be called.
■•/.'•'>:!v'"-,'
!
Federal excess profits tax„__-^I.._;—.
4,840,000'
1,718,000
Mr. Ruhf
assured his distributors and dealers that Mack will be
Post-war credit
in respect to Federal excess
back in the bus business when the present crisis ends.—V. 157, ip,; 1272.
profits, tax:,
■ Cr484,000„-i, '
1943—2 MoS.—-1942
$1,085,400
$1,446,575
revenue
Other revenue
.
1943—Month—1942
Period End Feb. 28—
his
In
to eliminate any
•
formal requirements of
code.—V. 157, p. 1084.
the internal revenue
Lone
done
company.
This was
of the order to the
had current assets of $5,817,958 and
Total
Series
preferred dividends
preferred dividends.
B
Series
C
Earned
Total
common
per
"Includes
subsidiaries
$6,334,460
914,530
surplus,,—
$5,221,095
891,990
$6,113,086
621,900
$4.20
shares,,
share
$19,511
122,800
1,865,700
$7,248,990
capital
surplus
Outstanding
Earnings
other
*
1,554,750
surplus
and
122,800
77,094
4,-
dividends
Common
Paid-in
—
—
621,900
$4.29
—
by
the
company
and
Its
domestic
to the English and Swedish companies.
and
Canadian
Volume
;
Consolidated
/
,
Number 4169
157
(incl.
Assets—Cash
Balance
$241,322
to
THE COMMERCIAL &
Sheet,
he
used
(less
£9.398,319;
subsld arlds.
counts
vable
iece
$()2.004i,
of
reserves
accounts
$13,050;' sundry
$72,079),
for
;
bonds,
accounts
$167,704;
on
con¬
notes • and
and accounts/
notes
from
govt,
a
English
receivable
Unci,
sufficient
by
employees
ac¬
on
$36,841,585.
"
U,, Sft Govt.,.and
Income
arid
taxes
Motor Wheel
capital, stock
of
accrued
and
expenses
♦After
taxes, $557,972;:. income
of
U.
S.VGovt.
the
Federal
Reserve
and
cap.tal
$500,000;
4 ft
cumul.
130.700 shares),; $3,070,000; 4: cumul.
shares),'$2,500,000;
(On
spec al
•
in
Note—Included
basis
assets
for the
respectively,
stated ,oiv the
Canadian
the
of
off
al
c
of
157, p.
1183.
$441,575
are
which
$0.9009
,
.
and
amounts
for
the
%
sales
Cost of
(including railroad revenue)
486,804
1,320,654
taxes
2,029,779
(net)
1,996,9.02
'$3,751,401
' 12,616
.
iricl bonds
riitge. 5ft
income
on
and
for
$415,511
$384,431
$831,221
$764,232
incomeji-iihi—
272,982
258,337
544,290
506,166
,
1183.
p.
C.)
' 462,891
Ended
Prov
Dec.
•
lor
for
end
provision
the
<;
Assets
1941.
deposit and
Government
$ Accounts'
receivable,:; (customers); —.11—_ft_
stock,
Other
current
Other
assets
in
•Invest,
assets
Pole
&
Treating Co.—
was
dividend
the
cents
157,
Saul
50 cehts
40
Accrued
the
and
Reserve
for
and
Accrued interest
2,498,495
for
Reserve
Common
Paid-in
Buschman
Earned
ft
Total
_______
—
for
reserves
'{Less
reserves
•SLess
reserve
of
1941.
('Less
1941.—V.
of
$14,357
in
1942
and
bad
debts
of $64,694
in
1942
and
for
reserve
157,
of- $8,897,065
in
1942
depletion of $398,614
Steel
&
in
-•
,
The
to
Federal
of
dispose
$20,472,075
reclassification
•the
j
of
1.874,399
$25,629
in
charge
that
and
original
$66,281
in
the
Loss
"earned
$14,500,000
purpose.—V.
Missouri
of
that
157, p.
Pacific
the
of
amount
to
$62,634
firm
compromise
'considered
pany's
?
A
plan
differences
'
&
April
board
6
of
Plan
the
company
The
ghany
is
now
Corp.,
bondholder
definite
drafted
plan
before
compromise
the
plan,
U.
conform
to
for
the
trans¬
company
action
surplus
the
created
road,
by
the
Circuit
S.
advanced
by
y
S.
J.
the
equities
declared
highly
eliminated
new
Pyeatt,
of
Interstate
of
Court
R.
the
the
the
ICC
but
toward
it
the
should
proposal,
board,
be
sa'd
for
Com¬
shall
get
warrants
for
recognition given to
"far from satisfactory."
He
157,
bv
proceedings
"a
more
was
p.
1943—Month—1942
1272.
.
■
no
the
form
succeed
been
F.
L.
1153.
it
i
;!
V
,
on
Tramways
Rental
on
$93,825,352
the
contract
company were
tiucncs
between
accumulated
in
the
the
company
years
and ...the
1934-41
city/
when
the
stated
that
earnings, of
insufficient to provide for their payment.and
ancl
West
Tennessee
$712,500
for
Tenn.,
••■•';
price "is not unreasonable" and
compliance" with a dissolution order
in
attorney
and
stockholder
a
Electric
in
organ zed
?
and
(no
"•
y
obtained
its
charter
Quebec
to
are
has
the so'l
particularly
conditions
climatic
product.on
the
to
of
;!::
,■■■•■
in the
purchased
and
favorable
content,
sugar
United
States
complete
a
sugar
after
of
the
plant
of
directors
Edouard
will
and
of
commencement
Masson,
loan
operating
an
of
K.C.,
a
.
Charles
Herrick
for
expert
' !
Prefontaine,' Joseph
operations..,
consists
E,
Dyer
H.
and
Lucien
Ro-
Capitalization
.
red.
pfd.
shares
Authorized
shares
(no
(par
of
preferred shares
Canada
in
cumulative
Feb.
both
Montreal;
of
each
of
the
75,000 shs.
b3,000 shs.
issued in registration form only; prin¬
if any, will be payable in lawrul money
shares shall carry the right to a fixed
the
dividend,
payable
at (he rate
of
semi-annually
of 6'h*
and
year,
regards dividend
as
Outstand'ng
$1,500,000
$1,625,000
will be
preferential
1
$50)
par(_______
return
priority
1
Aug.
on
and
annum,
per
capital in
shall
rank
all other
to
company.
Tea
Co.—March
Period End. Mar. 27—
Sales—
Sales
with
stores
1943—12 Wks.—1942 ?'
$7,898,838
$7,286,834 $21,522,930 $21,226,661
940 stores in operation on March 27, as compared
company had
1,012
1943—4 Wks.—1942
for
this
period
a
year
—V.
ago
157,
1183.
p.
137,672
$272,182
William
10,251
Detroit
46,381
Tool
Co.—New
Wise,
Executive
F.
and
President
elected
of
Vice-President
American
director.—V.
a
Director—
156,
.! :
Nation-Wide Securities Co.
The
1,606
197,000
35,000
paid
trust
Jan.
on
made:
Ontario Paper Co.-
Oct.
on April
certificates,
1
company
the
on
1,056
Jan.
1,
1,
9.8
last.
2,
12.5
paid
During
cents;
cents.—V.
157,
This
the
1942,
1,
Corp. of
Toledo, has
of
(Colo.)—Distribution—
A.
April
Aviation
Corp.
dividend
a
series
of
Propellor
1056.
p..
$282,433
16,892
retire-
taxes
9.5
of
9.6
cents
per
share
with
12.8
cents
compares
distributions
following
cents; July
1,
10.7
were
and
cents;
642.
p.
Miscel.
Other
Neisncr Brothers, Inc.—March Sales—
$198,390
725,728
527,338
Period End. Mar. 31—
year—
charged
$849,336
to
production
amounted
expenses
to
(including
$36,460
in
''
Sheet,
additions
1942
Dec.
and
on
$32,989
New Bedford
■
The
$338,639
and
y! 130,332
255,959
assets
-
the
-324,574
6,058
44,335
$3,155,615
^
$3,082,165
Liabilities—
payable
payroll
Accrued
taxes
for
Accrued
Accts.
Bank
•
V
13.642
199,579
V
1
'600
to Minn.
instalment
of
&
Ontario
be
to
paid
Paper Co.__
on
or
before
debt
stock
Capital
surplus
Earned
100.000
.
reserve
$812,955
in
an
increase
910.000
debts
and
100,000
(Less
1941.
a
972
an
538.205.000
1,387,974
as
a
sale
by-the
the
Co.
the
preferred
conse-
of
cash.
Power
Securities
company
&
$3,082,165
reserve
(From
for
depreciation
reduction
in
stated
Light Co.—Steps in Liquidation—
Exchange
to
Mauch
letter's-securities,
and
Mauch
approving
and
the
597
shares
Chunk
sale
is
of
Commission
Chunk
consisting
common
on
April
1
Heat, Power &
of 61 shares of
stock.
approved
Electric
Gas
First
be
to
are
National
Bank.
of
extension
an
borrow
additional sums
together with existing
sums
$2,000,000.—V.
157,
609.
p.
tins Association
Apnl
for the
9
week
ft.,
cu.
the corresponding
$6
Consideration
week
a
ended March
lewh.
157,
above
year
of
for
of
of
March,
production of
feet
the
in
production
England
April
utilities),
ago.
is
1942—
increase
an
49,876,950
kwh.
of
3.539.020
the
for
kwh..
or
corresponding
in
the
corresponding
month
year
a
:
'
.
:
ago,—
^
-
Association—Output Up 9.12%—
kilowatt
both
hours,
generated
and
purchased,
Power Association and subsidiaries for the, week
(the amount available for New England Power
1943
10,
and other reporting companies and secondary sales to other
60,512,033.
was
ended
the
ft.,
109,-
1363.
Association
week
ago.
cu.
1943, is reported as 622.298 000 cubic feet,
cubic feet, or 15.62ft; above production of
84,093,000
r"b!.c
p.
New
ended
above
year
31, 1943, the Association reports electric
This
New England Power
Total
a
140.012.000
at
output
7.53ft
or
week
*
April
11,
as
1942,
compared
an
with
increase
of
55,455.129
corresponding week last year.—V.
157,
kwh.
for
the
9.12ft.
preceding week output was 60.567,878
p.
kwh., up 9.48 ft
l'rom
1363.
the
New
There
cumulative
is
reported
27.39ft
or
kwh,
correspond'ng
is
electric
reports
increase of 818,453
an
ago.
output
increase
V.
Light
$30,000
subsidiary of Republic Service Corp.
the Commission said that it is-necessary and
a
by
authorize
may
•su'-h
725,728
of
National
exceed
kwh.
production
year
293,575
capital stock, reduced by $1,254,201 in 1941 in connection
Pith the acquisition of the
capital stock of Minnesota & Ontario Paper
^0., (contra).—V. 156, p. 2041.
The
company
Apr.l 9,
30,102,000
in
above
month
$3,155,615
in
the
53,415,970
849,336
of $6,185.
of
month
of
output
1,387,974
$777,829
to
value
"Fourth
as
Proceeds
1943.
held
March Output Increased Over
For the
425,000
:_
for bad
1,
notes
asked
face
known
& Electric Association—Output—
This is
for
ft.
cu.
978
arising_____
1942
June
be
to
of
Department
than
less
not
of
Boston,
to
10,873,334
output
293.575
_______
!__!.
________
not
at
notes
also
the
Bank,
ended
week
260,000
surplus
Values
the
7.10ft;
subsequent year
liabilities_________
Capital
$1,050,000
issue
dated
is
which
National
11,691,787 kwh.
Gas
875
2,591
______
current
Funded
of
35,000
interest
loan
May
16,139
15,716
taxes__
$5,621,019
Co.—Financing—
Massachusetts
serial
of
amount
New England Gas
$80,669
7,785
_____
payable
Other
$40,072
____—
income
be
to
the
to
$750,000
equal
within
of
authority
department
production of
'
•'
Accrued
$6,958,437
1,651,975
474,437
petitioned
1958,"
an
The
First
loans
31,193
>:
446,859
due
pay
time
from
5,388
1,491.799
3ft
to
Boston.
for
interest
accrued
used
'
accounts -receivable
Utilities
Series
175,062
Gas & Edison Light
has
company
Public
1941
$485,952
—
1943—3 Mos.—1942
$2,075,177
157, p. 900.
to
1942
hand-
$2,547,427
—V.
31
•
deposit and
$725,728
;!
Balance
anticipation notes—
receivable—trade, less reserve for bad
$6,185.06 at the respective dates.—
Accounts
1943—Month—1942
Sales
end of
'*L
the
$50
capacity of 1,200 tons of beets a day and will
Joliette, P. Q. Present plans are to bring the plant Into
October.
The Dver Co. of Cleveland, Ohio, will super¬
National
2,882
'
;
Comparative
■
demand
the
such rentals were not then due or payable under the contract.
subsidiary,
Nashville,
1941
;vTnvexrtories-,:i_iy_:r-!—' 375,208
Arrears—
N. Watt, President, referring to the claim of the City of Montreal.
Canada, for the payment of certain arrears of annual rental under
R.
.arrears
its
slicing
at
cumul.
and
$409,854
Govt, tax
S.
of
:
Co.—Stand
'
next
board
The
realistic
1943—2 Mos.—1942
■
the
y !-/^,
,
purchase
cipal, dividend/ and premium,
share
125,163
___J
of
Corp.,
':•
►
cent-per
$480,559
gain
states,
beet industry in the counties of L'Assomption,
Maskinonge and Montcalm. Years of experimenting,
high
re-erection
od
6%
1,683,641
!_—:
-
of
1941, ordering compliance with
National's
was
,
$2,093,495
'
net
the
y-'V,'y,
Report—
!
4
in
offering in the Canadian market direct to
$1,500,000 6r/e preferred shares ($50 par) at
purchaser to receive one share of common stock
company
Rheaume,
the
$598,924
.y;
result
;:b!llard.
and
of
/
one
will
was
his membership
' V
dividend of
held,
is
it
.
York
counties
with
Gleg,
President
President
retaining
156, p.
23,
company
states, have proved that
a
re-erect
For
Montreal
and certain related
system
sugar
factory
value.—
par
$123,608
Total
$52,192,472 $55,856,457 $93,635,959
—
157,
although
expenses:
Assets—'',
"Less
Sales
in
was
become
'
"p.
■
debts,
1272.
p.
Montgomery Ward & Co., inc.—March Sales-
—V.
to
proposes
is
Joliette,
with
The
first
1942 ,! .!
-A—
surplus,
1941.
Reserve
the Alle¬
the
accompanied
stockholders.—V.
period End. Mar. 31—
the
the
the
The
surplus, beginning of year__
on
to
was
com¬
Commerce
the compronrse plan was
early terminat'on of the reorganization
desirable,
to
:
-
of
in
that
■attitude"
by
declared
as
140,176
U.
for
Appeals.
Young
stock.
chairman
then
of
company
beets
per
previously
1941
extra
an
—
income
Cash
,
interests,
meeting
a
Robert
National
w.th each share of preferred.
For
proposed
stockholder
at
$7
be
share,
a
Sugar Co., Ltd., Montreal—Offers Pfd. Stock
company
these five
of
Considered—
for
and
share,
the
on
1,561,765
expense,
-:r"'
may
majority stockholder, and John W. Stedman, head
,of a. senior bondholders'
committee,
stays
within
the
$560,000,000
capitalization fixed by the ICC.
It provides, however, that present
purchase .of
It
deductions
profit-
Earned
in
with
the
stockholders,
shares.
Aug.
securities
said
Co.,
Issue
Berthier,
A
on
was
,
___f
note
inventory)
revised
a
directors.
reorganization
mission
reorganization
without
1943.
Capital stock of Minn. & Ontario Paper Co
(Property, plant, and equipment-
RR.—New
of
1,
Treating Co.—Annual
sale of Minnesota:
on
■
1363.
between
$100
retirement.
stock
transactions,
Securities
New
company
an
develop
com¬
Apri' 22.
with $1.50
columns
these
the
record
President to
has
in
Works,
declared
Total
A
resolve
in
common
of notes_^_____
Net
in
and
write-ups be
that
capital
a
public
$2,160,689
expense
of
y. Earned
in
submit
to
studies
condition
a
The
1941.—
The
on
of
the
the
transaction
National
working
"Accounts
$18,561,866
surplus", with
at
was
totaled
net
declared
capital stock
accounts.
directs that
the order
to
been
holders of
April
been elected
the
and admin,
Miscellaneous
f
1941.
$7,950,861
and
ordered
31
cost
of
will
shares
subsidiary
1941.
1942
and
"write-ups"
of
system
March
1941
1942
Works, Inc.—Extra Dividend—
Pole
income
Total
ment
,
on
has
to
reported
Buschman
Iron
Iron
profit
gen.
Amort,
disp'os'ng of lesser amounts classified in "electric plant adjust¬
ments,"
ferred
of
accounts
Comm'ss'on's
After
Commission
Power
for
of
giving
sales_____
Interest
6,722,720
19,816,955
Minnesota Power & Light Co.—FPC Directs Company
End Write-Ups—
"
ft. <
;
To
1
Corp. board.—V.
Note—Depreciation
V
taxes
close
been
1183.
p.
16,80G
a-
stock
$39,775,
on sales_;___,
$473,761
income. _____—6,798
Other
$45,600,289 $44,138,457
—
debts
depreciation
the
of
!;>:<,!'Net profit
250,000
bad
for
for
of
Co.,
;-.y
National
♦Including savings deposits of $137,623 in 1942 and $545,600 in 1941,
tLess
•
.
profits
$966,675,
:
Provision
<'
■•■■■.;■
cred.ts
a
Gross
297,445
9,757,400
—i-—i--——3,241,262
surplus
refund
the first preferred stock of
has
left
directors have
Selling,
2,800,000
19,816,955
for post-war require.—
surplus appro,
of
com¬
parent, had contended in hearings
designed to enable John Wisdom, President
of West Tennessee, to acquire control of the
property at an inadequate
price,—V. 157, p. 1273.
The
488,795
.
6,722,720'•
^——_1
:—_
share
payable
on
on
Mr.
but
sales
Net
272,021
436,932
ft 8,720,900
—_
I;——-——— ft
.1-—
in
Exchange Commission has granted the application
sell
Okin,
Share
the
shares
ft 346,639
871,282
3,250,000
par>__:
—
ft
1,507,763
contingencies.—
stock„($5
surplus
Earned
:
consideration
stockholders
Steam Generating
.sale is "a step
against National..
&
that
profits taxes amounted to
at
of
Bond
$890,803
$746,209
246,536.
•.
$7,69
adjustments.
a
Cost
funded debt___:..____--.-_ ..•••;
on
of
preferred
proposed
Samuel
operation
retired.
National
$45,600,289 $44,138,457
—
382,051
debt
Funded
sale
Light
preferred
$6
common
these
of
Equitable
27,492,322
liabilities
current
(Other
Allentown
Commission
entered
both
last,
681,455
incomeft„_ftft___:__._;kft_l.;ft
on
$12.23
!
dividend of 1% cents per share on the common stock, par $1,
payable April 24 to holders of record April 10.
On Jan. 11,
cash dividend of 1V2 cents per share and a stock dividend of
41/a 'fc; were paid.—V. 157, p. 257.
284,718
278,961
taxes
1940
$368,030
Feb.
1,
last, compared
0B *May722, 1942.
i
and
not
National Can
:The
1,066,525
2,166,329
L.
has
National
-
443.943
i—
taxes
cash
&
to
to
Common
4,630,055
681,455
payroll
Accrued
excess
assets
May
cents
stock
payment
Canonsburg
on
'
•
the
1941
$563,448
1085.
p.
Vice-President,
r-
448,259
26,991,867
'•
r
*"'
payable, trade.._____-.___„_Lft_ft_„.ft
Liabilities—
Accounts
and
per
Calendar Years—
1
its
interest.
per
pavable
paid on
of
common
extra
an
who
ftr 1941
235,323 ftftft
■
assets .'V-.———.
^Property, plant, and equipment-——
iiTimber, timberlands and pulpwood concessions
——
the
Co.,
vise
^
.
1.572,228 '
•
European
Total
Power
company
plus
National Can Corp.—New President—
?'ftft%%ftft
31,
Dec.
'
.
!
National
date
the
the
to
consummation
The
1942
excess
liabilities
Subs.)—
compared with $2,311,070 at the close of
25
par,
preferred stock
6,190,691
—
of
no
amount
V.
1,782,657ft2,135,572
—
—
(&
'
$1,874,399
.
Inventories
&
to
of
rata
Commission's order
of
.
31; 1942,: and
,on
iLL $2,566,236 $3,798,519
^r~!-,'-=:';:2,918,977' ,1,094,785
46,268 ftftft;- 12,068
receivable
(Notes
and
current
1216,.
p.
Oct;
$1,814,399
.v-,-.1942
hand—
on
securities
income
current
like
46,882
*
,
.Vi-'ftftftft'ft-ft
;
♦Cash on
in
'
of the predeces¬
opera tions
Consolidated Balance Sheet,
Comparative
■•;ft
Power
of
dividends
The Securities and
'
.
deducting post-war
for
of $2,476,744
dividend
mon
and the same subsidiaries for the first two months of the
adjusted;!! (21Depreciation and depletion amounted to $1,700,
In 1942 and $1,505,354
391
remaining 2,000 shares
a
SEC Approves Transaction—
Nashua Mfg. Co.—25-Cent Common Dividend
company
year, as
•
include
for
the
from
funds
shares
Holding Company Act,
y
pari
;
,$1,827,517 •';
$3,241,262
-ft
year 1941
income
after
1942,
against
155,
Co.
$9.32
Consolidated
y.
250,000.
.
of
157, p. 1084.
$429,261.:!
Federal
in
of
at
Notes—llf Figured for
sor
requirements;.
post-War.
-
'
.
'
31—
$3,443,419
604,662
$3,491,262
ft_
surplus
the
'
income taxes and foreign exchange
shares of common -stock.
s on
The
Earned
Co.
completion of all major proposals made in the plan of May 7, 1942, and
will leave National only with the problem of
liquidating its remaining
minor investments.
It will also result in substantial compliance with
'
..'ft 149,888
ft
—__
Appropriated
Paper
•
$608,478. ';
$1,222,854
inc.
Coated
&
_u,—
and
560,946
$11616,863
Earned surplus at Dec.-.131/;ft>4,874,399
Eliminate net loss; for Jan. and-Feb., 1941
•
.
the
of
sn.e
Transit
Carolina
of
150.000
pro
as
The
1943—3 Mos.—1942
month last year.—V.
same
per shares..
"After prov"« on for
(On 46,058
1,594,554
Net 'profit,
ft Total
the
Gummed
income
A
r'
additional
stock
liquidation
well
as
$6,051,132
$5,090,630 $17,129,552 $14,363,470
in operation in March, 1943, as compared
208-stores
were
Years
••
Drl3,400
1,834,150
.
coating.
of 1st and coll. mtge. 5%
Lift
Lft—ft-
purch,
on
bonds
$1,713,486
4
1943—Month—1942
Earns,
$3,391,754
Prdfitft'L^ft—ft—<¥$1*466,976
Gain
Valley
terests in Roanoke Power Co. to Carolina Power &
Light.
It is also
that Lehigh Valley Transit sell to Pennsylvania Power &
Light the preferred shares of the latter company, which it now holds
-
Murphy Co.—March Sales—
Nashua
capital
ft
a,
its then holdings in
Light Co., Birmingham Electric Co., Pennsylvania
Power & Light Co. and Lehigh
Valley Transit Co.
To assist in affecting this it is
proposed to transfer the present in¬
949,254
income.
taxes
oper.
♦Net
$3,378,354
first and coll.
on
for
plus
accrued
Upon
$5,076,014
$2,151,875
Earnings—;1',',
16,670,765
■
ft Total
Interest
$6,157,953
$871,235
revenues
$580,109
Prov,
Lehigh
retire
distribute
Gas
$5,358,656
expense—
deductions
and
Public
approved
is part of the program for dissolution of National
with a previous order of the Commission, y.
' V-
Carolina
$1,103,923
;
688,412
oper.
with 206 stores in
>
'ft
$5,781,180
profit on; sales_<_income
12
.
step
to
plus
1943—2 Mos.—1942
$2,516,946
8,665
1,954,586
!!';!.
1691.
18,118
There
r
-'Net
156, p.
used
3,344,410
(G.
•
Misccl.
$3,067,174
Period End. Mar. 31—
.
1941
17,768,427
Selling, adminis., and general
to
preferred
Telegraph' Co.—Earns.
:■*:
Sales
$23,549,606 $22,029,422
__
sales----
Gross profit'vw
v.:
outstanding stock and the
proceeds,
for
care
etc,
1943—Month—1942
y
rev.
oper.
&
$1.12
profits taxes of $3,-
contingencies to
14,714
—V.- 157,
,
Calendar Years—
Net
the
of
■.■•',
y National on April 1 filed an amended plan of dissolution with the:
SEC.
Under the plan National proposes to sell
its: remaining .holdings
of 242,664 shares of Houston Light & Power Co.'s common stock.
The
Canadian
(Including Subsidiaries in tJ. S. and Canadai
ft' v'- ■■ V .ft.ftftft ft/'.,
-H
1942
...
excess
3,991,369
Nat
Net
are
Minnesota & Ontario Paper Co.—Annual Report—
v
Telephone
expenses
Operating
•
t
(Bi
11
April
on
proposed
;
('
and
stock,—V.
common
States
$1.33
—_
income
9,862
Net
...
dollar at
Dec. 31,
1942.
Real estate, plant,, and equipment include
$10,933 representing depreciated value of fixed assets of the Canadian
subsidiary,—V,
Easton
pliance
1941
$949,224
1,635,849
Operating
;.
subsidiary,
,
1942 1
of $450,000 for
reserve
revenues
Uncollectible
,
and * liabilities
rate
Section
of
'
y
•
Commission
equipment..
ft
current
1
$1,126,894
shares of
845,752
Operating
con¬
conv.
,
31—
share
Period End. Feb. 28—
paid-in and other capital surplus, $914,530; earned surplus, $6,334,460;
total; $36,841,585,
special
a
Mountain
pref. stock Series B
pref.. stock, Series C (25,000
(621,900 no par shares, $3,291,499;
stock
common
$6,000,000;
Easton
The
adjustments, inventory depreciation,
post-war
contracts,
System),
reserve,
S92.022,
of
of
—
common
provision for Federal
and
452,435
than
stock
taxes /other
Dec.
earnings
tEarnings, per
$9,659,064; notes
(loans made pursuant,to Regulat'on V of the Board of
payable—banks
tingency
$2,204,322;
<
proposal of National to surrender for cancellation to Easton Transit Co.,
subsidiary, as a capital contribution, 41,000 shares of the 43.000 shares
1215.
p.
the provisions
Exchange
a
Corp.—Earnings—
Months Ended
6
Net
,/j
renegot ation
Governors
155,
effectuate
$10,000.
/
.v;;;'. ;,v. ft ;■ "ft :,-ft: fftft ftftft,,
payable,, ;$1,809,738; advances against contract
Liabilities—Accounts
by
to
year."—V.
to
The •Securities'and
govt, contract), $12,603,426;
a
.
•
propriate
city,
that
for
inventories
(inch $391,440 to be used
prelim nary mfg, expenses
Incurred under a govt,
contract.-$1,343,000; post-war refund of Fed¬
eral
excess
prof ts tax test, r, $517,000; investment in Engl sh and
Swedish
subsidiaries, $44,618; cash value of life insurance policies,'
$233,016; real estate; plant/and equipment (less reserves for depreci¬
ation and amortization, $2,246,492),
$4,289,649; patents (less amortization,
$100,177), $200,100; trademarks
and
goodwill,' $1;
deferred
mfg. expenses, $337,025; other: deferred charges, etc., $191,251; total,
exclusively
the
1463
Utility Holding Company Act..
provide for payment of a portion of the arrears claimed
but the .question is whether such earnings are not first
subject to ordinary income tax for 1942 and also to excess profits taxes
•
Swedish
and
problem
today is wholly a legal one," he said.
"There is no
question of the repudiation of a debt or hesitation to meet and dis¬
charge a legitimate' obligation.
The company's earnings lot 1942 are
$72,072;■
doubtful
receivable
"The
1942
exclusively
tract!; '-$7,430;755;' Dominion " of-Canada
'accounts■
SI,
Dec.
FINANCIAL CHRONICLE
In
ap¬
of
England
have
$96,000
103¥4
of
been
1st
and int.
trustee, Boston,
Power
called
mtge;
for
bonds,
Payment
Mass.—V.
Co.—Bonds
redemption
series
will be made
156,
p.
A,
at
2042.i
as
Called—
of
3 ¥4 ft,
-
the
May
due
New
15,
Nov.
1943
15,
a
total
1961,
at
England Trust Co.,
■
.
1
t
\t Mi, «\wiiWWv *WAMU
tm»dmu>6uM
$7,973,404
revenues-—
Uncollectible
Operating
8.480
rev.
oper.
1943—2 Mos.-—1942
$7,175,745 $16,037,747 $14,654,844
15,511
10,750
15,177
9,905,530
4,850,998 10,813,001
1943—-Month—-1942 ^
Period Ended Feb. 28—
Operating
Co.—-Earnings-
Telephone & Telegraph
New England
5,259,727
expenses
,
Preferred
stock
;
Grants in
aid of construction..——..
/>
Long-term
debt
and
bills
Loans
taxes
1,377,318
'
$5,209,569
$4,733,803
2,638,140
$2,313,997
1,106,829
$2,705,197
revenues._
oper.
2,233.231
$1,327,879
751,473
income
Net
—V.
157,
$2,500,512
$2,571,429
1,522,263
$1,207,168
771,160
income—
oper.
1,520,454
Accrued
Bell Telephone Co.-
New Jersey
operating
revenues—.
i
maintenance
Current
and
Deprec.
Traffic
expenses
Commercial
._
——
expenses
—
*
_
misc.
and
General
—
expenses
amort,
Operating rents
-Income Statement-
:
expenses
$63,772,233 $57,943,158 $53,218,392
10,782,862 10,233,962
9,379,311
7,599,669
8,221,961 , 7,831,965
8,710,035
11,999,155
9,715,295
4,425,895
5,074,708
4,633,046
409,274
479,580,
448,375
4,815,292
6,357,834
5,234,689
Federal
income
Federal
excess
revenues...
income
operating
....
58,313,904
124,325
Dividends
common
on
6,300,000
8,050,000
balance
Income
7,000,000
After
........
_
Balance
Condensed
Comparative
1942 ;
1941
$
S
Plant and other investments
i
232,872,019 226,377,330
Cash1,105,918 // 691,880
Working fund
—
66,499
56,403
Accounts receivable
•/ 6,907,784
5,683,363
Material and supplies.—;
2,778,519
2,673,118
_.
Deferred
.
766,852
793,670
Tel. & Tel. Co.3,150,000
liabilities...
13,663,486
——128,486
4,150,000
10,424,187
34,233
77,624,923
71,830,019
Amer.
Current and accrued
credits
Deferred
Surplus
17,671
of telephone
i
Total
amortization reserves-..—_
plant..........—_
and
Depreciation
Contributions
9,810,506
9,939,844
_________
-
-
244,524,409 236,248,945
__m._™-.™^-__™
—
—V. 155, p. 2010.
The directors
Co.—50-Cent Distribution—, ;
April 13 declared a dividend of 50 cents per
on
•
%
share
stock, payable June 1 to holders of
May 12.
A similar distribution was made on March 1, last.
Payments of 50 cents each were also made on Feb. 2, May 1, Aug. 1
and Nov. 2, 1942.—V. 157, p. 732.
'
,
, •.
the
on
no
value
par
June
to
Co.
common
record
1
about
1
and Exchange
order
divestment
a
the
on
Transit System—Earnings—
revenues—
U.
7,961,904
66,2u7
oper.
40,936,575
332,127
7,847,500
42,369
argument on the North American's test of
the
so-called
"death sentence" came before
Oral
1086.
p.
Properties—25-Cent Dividend—
of 25 cents per share
April 15 to holders of
with 40 cents paid on Jan. 15, last.
Payments in 1942 were as follows: Jan. 15, 50 cents; April 15, 40 cents;
and Dec. 30, 90 cents.—V.
157,,,; p. 258.
directors
the
April
declared a dividend
no par value, payable
recently
common
record
39,306,896
161,203
stock,
This
9.
compares
from
Income
of
Excess
over
—V.
.
$8,765,338
168,114
$1,585,517
35,460
:
$7,352,297
177,080
$8,933,451
$1,620,977
$7,529,376
Fed.
1086.
p.
Maintenance
New York Telephone Co.—Earnings—
Peroid End. Feb. 28—
-: 1943—Month—1942 v.
1943—2 Mos.—1942
$19,901,005 $18,835,250 $40,235,086 $38,842,308
36,965
43,703 1
:
79,039
96,022
12,497,462
12,030,576 25,390,288 24,606,410
Operating
revenues ___
Uncollectible oper. rev._
Operating
expenses
Net oper,
Net
Net
$7,366,578
revenues.
4,845,089
4,247,886
9,706,996
income..
$2,521,489
$2,513,085
$5,058,763
$5,213,115
1,950,090
oper.
157,
1,949,264
3,913,702
4,006,590
Account
income
Ry.—Annual Report-
Calendar
for
1942
Merchandise freight
__________—_//__/ $4,705,811
Coal freight ™™____™-'..v--™:.™™™'
1,695,343
Passengefr ____. 495,866
Mail
i'.
i
1
Express
52,741
1941
$3,589,967
1,673,844
351,324
vA-" 62,005
_————56,006
37,389
316,514
339,359
Milk
Other
transportation
46,536
53,898
72,445
78,603
133
Incidental
Joint facility
127
(Cr)
$7,441,395
of
Maintenance
equipment.
1,443,490
Miscellaneous
6,223
>7:
11,611
250,294
$31,694
$553,639
11,918
168,054
138,366
$27,184
$19,776
$385,585
$237,628
bonds—3ft- fixed
1,873
12,943
$658,811
Net
rents
:
____™__
$200,031
income
23,731
'Ii
income
$42,549
-■
15,365
_j.___.____
.f<-;
income
:
available
Income
Fixed
Net
for fixed
charges
income
from
■
r
■
■
18,269
■
*$197,756
13,977
3,885
$209,785
*$201,641
1,334,297
charges.
$1,124,512
....
General
Balance
Sheet,
Dec!.
Assets—
Cash
.....
and
Net
car
balances
service
balance receiv. from
Miscellaneous
Material
Interest
Other
and
accounts
supplies
and
dividends
current
....
receivable.
233,655
431,833
477,162
145,748
122,996
181,064
...
160,325
731,237
475,282
1,143
1.143
...
652
126
507,812
/
$347,999
$195,697
25,794
29,986
$322,205
Feb.
on
15,
preceding
p.
and
last,
Nov.
16,
payments of
y.i.. y-;
;
quartei*s
348
Ogden Corp.—Income Increases—
•
all
according
taxes,
after deductions
President, in the annual
income of $552,095 for 1942
Corporation had a net
for
B/ H.
to
Brewster,
report to stockholders, This compares with $276,979 for 1941. Indicated
assets value of the common stock is $6.48 per share as compared with
$6.28 at the end of the previous year, 1941.
*
.
Progress in the prog-ram of liquidation, reorganization and integra¬
Mr. Brewster
also reported to the stockholders that hearings before the Securities
and Exchange Commission are scheduled for April 13, at which time
approval for the Ogden plan of procedure will be sought.
The plan in brief proposes the liquidation and dissolution of Central
States Utilities Corp., its subsidiary, Central States Power & Light
p
Corp., and Missouri Electric Power Co., a wholly owned subsidiary of
Central States Power & Light Corp.
It is proposed that the two com¬
panies last named will dispose of all their assets for cash.
The plan also proposes that Investments in Derby Gas & Electric
Corp. and in Missouri Natural Gas Co. will be disposed of either by
j/: sale,. or by 'distribution in kind,
The proposal for Interstate Power Co. is that, after the consumma¬
tion of simplification of its corporate structure, Ogden Corp. proposes
to dispose
of the new securities.it receives for Interstate holdings,
eitner by sale or by distr.bution
in kind,:'--, y/ >
>
With reference to Laclede Power & Light Co. and Laclede Gas Light
Co., the plan proposes that these companies sell for cash the electric
properties owned by them.
Laclede Gas Light Co. also proposes to
simplify its corporate structure and recapitalize. After the consumma¬
tion of this portion of
the plan Ogden Corp. proposes to dispose of
the new securities it receives by offering them for sale to residents of
of
utility
subsidiaries
was
for the
reported
year.
>
the State of Missouri.
the year the company disposed of all ownership in Utilities
Light Operating Corp., United Fuels Corp. was sold in Feb.,
W.;
-
During
&
-V-,-.
The report also tells of progress in the liquidation of Newport Water
Corp., which liquidation started in January, 1943.—V. 157, p. 901.
Ohio Bell Telephone
Operating
$5,325,553
revenues.™
Uncollectible
Co.—Earnings—
1943—Month—1942
1943—2 Mos.—1942
$4,673,169 $10,633,584
$9,397,965
rev.„
3,125
6,124
21,028
expenses™-
3,041,880
2,789,288
6,095,672
5,567,622
$2,280,548
$1,873,253
$4,531,788
$3,809,316
1,413,925
1,102,828
2,822,872
2,261,944
$866,623
$770,425
$1,708,916
$1,547,372
784,938
749,843
,1,565,019
1,505,711
oper.
10,630-.
Net
revenues.
oper.
$165,711
52,878
—V.
oper.
157,
1185.
p.
:—$186,488
9,526
10,350
33,407
1,129
Operating
taxes
——
taxes-
Interest
on
income..—
---W
first collateral lien bonds:
Fixed—3'/
revenues
^
Federal
:77
State
income
and
Federal
excess
taxes
300,731
1,964,870
—
830,060
852,200
Utility operating income
Other
1,785
839,487
$4,857,414
income
on
capital
$4,968,871
:—:
29,661
-33,262
30,336 7,7 33,494
accruals
1,659,531
$57,950
48,471
income
Preferred
Balance
Inc.—Changes Fiscal Year—•
had changed its fiscal
year to coincide with the calendar year in order to conform to the
periods of
accounting practiced by the Civil Aeronautics Bureau.
Previously the company's fiscal year ended on June 30.—V. 157, p. 1087.
—V.
corporation on April 7 announced that it
$3,612,161
319,000
273,165
273,165
stock and surplus™$1,781,579
$2,147,893
stock dividends...
for common
872,103
$2,740,058
319,000
prior pfd. stk. dividends-
846,528
$2,373,744
u
...———......
convertible
$5.50
1,381,167
i $3,220,272
reserve
deductions
Income
24,457
$4,993,328
'
income
7 >0£'■■■> % 0
1087. :7/7
22,389
$4,879,803
(net)
income
Gross
Gross
52,878
stock..
7.™
$124,706
$82,428
income
p.
$11,940,4.95 $10,470,042
3,963,524
3,530,892
taxes
Net
declared
1942
302,487
and
profits
-
...
Dividends
....
Operation,
Other
$142,426
1,1
Income—V/o
—V. -157,
;
1943
.
Maintenance
Retirement
ii- Net operating
•
11,235
-™~-™-^'•
income
Oklahoma Natural Gas Co.—Earnings—
12 Months Ended Feb. 28—r
$148,076
■
Expenses
Federal
income.../
Net Income':':"
48,471
capital stock™
Income
Total
Net
_
taxes
Earnings of Company Only
1
1274.
157, P.
Oppenheim, Collins & Co., Inc.—Earnings—
7
Notes—
Interstate Commerce Commission for
authority to issue promissory notes of $5,400,906 drawing 2% interest
in lieu of a like amount of indebtedness outstanding in the form of
conditional sales contracts for equipment.
One contract is with the
Pullman-Standard Car Manufacturing Co. and the other is with the
The
company
American
Car
&
has
asked
Foundry
Reduction
Debt
Net
profit
451,706
289,266
taxes__._______.___
190,000
90,000
income
fEarnings per share™
"After
p.
tOn
charges.
7
$261,706
$199,266
—™_™__._.7.
$1,31
$0.90
199,963 shares of capital stock.—V. 156,
™_.™___™-_......
_____
1869.
& Rockland Electric Co.—Rate Cut—
Orange
Equipment Issue—
taxes..—^—_______________
.■
sales
Federal
Co.
Reason for
1942
$5,942,062
net
before
Estimated
the
Plan
1943
$6,510,147
6 Mos. Ended Jan. 31—
Total stores'
"Profit
The New York P. S. Commission
and its subsidiary, Northwestern Improvement Co.,
since Jan. 1, 1940, have bought in $6,208,500 par value of Northern
Pacific's long term bonds, including $4,359,000 of refunding and im¬
tion
April 5 approved
on
a
recommenda¬
151, p. 2656.
:
The
company
ing why the
authority to
458,578
2,036,412
1,721,383
$92,175,845 $92,208,707
road—with a. large amount of cash on hand—is asking
issue $3,200,000 of equipment trust certificates to help
equipment purchases.
Scandrett emphasized the wisdom of
finance
new
conserving cash with which
to
repurchase high interest bearing long term bonds and said the
Northern
Pacific plans to purchase its refunding and improvement
bonds of 2047 "to the extent that conditions will permit."
In the
opinion of the road's management, he said, it is wise to conserve
cash by issuing low rate equipment obligations to help finance the
cost
of
of
yearly
based
Chairman
basis,
on
in
an
Milo
rates
Maltbie
R.
charged
of
allowance
by
5Va %
for
a
reduction
of
$50,000,
on
a
this
on
company.
The calculation is
a
rate base of $2,245,000.—V.
equipment.
Director Sweet
Pacific Telephone & Telegraph
$9,031,088
Operating
revenues
Uncollectible
oper.
rev.
Net
1943—2 Mos.—1942
$7,555,435 $18,187,734 $15,275,737
20,500
29,600
42 000
55 200
expenses™.
Operating
5,917,767
5,078,509
12.20L869
10,576,148
revenues..
$3,092,821
$2,447,326
$5,943,865
$4,644,389
1,877,772
1,394,185
3,572,455
2,591,254
$1,215,049
$1,053,141
$2,371,410
$2,053,135
910,283
1,764,417
1,758,124
3,472,907
oper.
Operating
Co.—Earnings—
1943—Month—1942
Period Ended Feb. 28—
taxes
...
new
Finance
Pacific
Total"
$16,524
income...
$24,129
—'
first collateral lien bonds—3%
Mr.
15,948
agents & conductors-
assets
Unadjusted debits
(Dr)
receivable
assets
Deferred
...
1941
$:88,558,057
267,991
....
...
issue
Scandrett
1942
Special deposits
Traffic
31
$87,856,004
;™™~..,™
-
this
on
in each of the seven
each were made.—V.« 157,
provement 6s due in 2047.
This is disclosed by Vice President B. W.
in a letter to the Interstate Commerce Commission explain¬
$1,551,662
"•Deficit.
Investments
disbursed
were
cents
collateral
first
Dividends declared on
1,350,021
income™
......
(deficit)
>
Northern Pacific Ry.—Would Issue
$223,762
income
deductions
,
income
The
;
*$216,025
.....
■
Miscellaneous
130
.
424,664
(Dr)
income
Total
450.173
$208,638
_™__™_
income
Net railway operating
Other
345,951
$683,342
483,311
operating
Railway
.
11,968
Net
Net
^
on
while
37Va
29,963
1,182
2,318
934
24,643
equip, notes, etc.
on
Other
836,633
988,923;
directors have declared a dividend of 75 cents per share on
of accumulations on the $1.50 cumulative class AA stock,
value, payable May 15 to holders of record April 26.
Like
amounts
>1942,
2,325
on
Int.
436,540
$375,994
on
lien
Int.
$440,242
•
,
$373,669
232,513
$1,029,292
railway operations..:
Railway tax accruals
167,763
$42,419
Northeast Airlines,
from
revenue
232,784
.
1,523
Gross
216,758
3,138,777
}'
General, expenses
Net
523,346
16,602
70,877
...
140
income
Gross
Int.
,
Period Ended Feb. 28—
25,164
Depreciation
1,281,589
3,607,537
(rail line).>^_/_.___i./.__///_
operations
:
par
Operating
646.456
237,993
Transportation
6,874
76,128
"
$6,186,515
866,567
Maintenance of way and structures_._.__.____.
;, no
238,094
Years
Operating revenues—
./.account
850,300
344,105
$552,116
Balance
& Western
Ontario
New York
1,306,063
22,051
$31,554
1184.
p.
78,213
36,037
.
income
Oper.
8,926,761
income
—V.
$6,760,971 $14,765,759 $14,139,876
_™.
Operating taxes
$2,958,414
127,256
: :i
'r
taxes
Other
$870,023
$568,295
501,083 i
Operating
i.
$1,136,011
income
O'Connor, Moffatt & Co.—Accumulated Dividend—
;v'y The
excess
taxes
profits
Other
_____—__
and
income
$1,945,587
1,075,564
$1,705,953
/ $155,295
$301,754
revenues
Operation
$2,030,967
expenses
$984,706" $2,852,058
544,464 U 1,716.047
930,636
common
1943.
1943—2 Mos.—1942
1943—Month—1942
Period End. Feb. 28-
Operating
revenues
oper.
157,
$1,997,618
33,349
opers...
income—
23,664
4,332,861
$1,498,931
company
Power
(& Subs.)—Earnings-
North Texas Co.
Non-operating
filed a 102 page brief
that the
Supreme Court in support of its contention
should be stripped to one system.
S.
the constitutionality
of
the Supreme Court
April 15, but was postponed because of the lack of forum.
Company
filed on April 8 a 70 page brief asking for a reversal of the lower
court's decision which upheld the order of the Commission.—V. 157,
V-
on
$9,475,387 $50,034,040 $46,820,395
$10,025,759
Operating expenses
Operating rentals .....
Total
the outgrowth of a
by the Commission
American. Co.
The
Divisions)
1942—5 Mos.—1941
IRT, and IND
1942—Month—1941
BMT,
(Includes
Period End. Nov. 30—
Commission has postponed from April
retainability of St. Louis County Gas
American Co.
The action is
issued against North American
and Exchange Commission has
Securities
the
5,515,303
revenues—
oper,
the
tion
Briefs Filed with Supreme Court—
The
with
$6,302,112
10,211
2,111,480
,
March 12 paid a dividend of 30 cents per share
stock, par $20, to holders of record March 5,
Pay¬
ments last year were as follows:; March
12, 30 cents; June 20, 60
V; cents; Sept.; 21, 50 cents; and Dec. 15, 60 cents.--V. 156, p. 2309.
0'
ago.
year
$8,377,572
13,764
taxes
157, p. 1087.
1943—2 Mos.—1942
,
$3,103,950
6,384
/'v/-'
Co.—Hearing Postponed—
North Boston Lighting
New York City
for
the
submitted to
approval
for their
■
proceedings
hearing
a
North
the
by
1943—Month—1942
$4,216,073
income
The
proceedings.—V. 157, p.-1086.
Securities
The
19
<>■
.
Oahu Ry. & Land Co.—30-Cent Dividend—
•
y
North
New York Air Brake
.
.
terminated March 23 cor¬
against the corporation and its
call by Richard Townsend, trial examiner.
the SEC and Niagara Hudson agreed that the Com¬
prepare findings and opinion
based on the evidence
Attorneys for
mission should
140,000,000 140,000,000
from
Advances
'•
formulated, he added, would be
North American
Capital stock
.
2,710,758
oper.
Net
Net
—V.
April 13
244,524,409 236,248,945
_
....
..
and Exchange Commission
The Securities
Liabilities—
(Del.)—Weekly Output—
States
expenses....
Operating
distribution to
President, said that the plan was not yet ready
but that constant study is being given to
plan so
porate simplification
subsidiaries, subject to
taken at the
Total
'
1364.
p.
revenues.....-,
Uncollectible oper. rev.
XVa% of prin¬
at their
definitive plan of
with the Securities and Exchange Commission
corporation were informed
the management will file a
stockholders
of
vote
a
:
157,
Operating
Net
directors
to
Any
problem.
v
charges
the
that
Machold,
submission
.
''
.
J.
E.
Co.
Northern
''VP*-
of
meeting
the
Period Ended Feb. 28—
Set-Up Will Be
Power Corp.—New
of
Northwestern Bell Telephone Co.—Earnings—
1
f
Leighton, Trustees of
'
within
Sheets Dec. 31
Assets—
3,814,292
12,636,027
on
corporate reorganization
the next four or five weeks.':-
;
V
/.
annual
$2,201,065
$139,578
post-war credit of $252,793.
deducting
Filed Soon—
Stockholders
$180,907
._
V.
13,460
2283, 2370.
155, p.
Niagara Hudson
128,869
stock—.—
deductions
Interest
2136; V.
equipment
new
1274.
p.
Power Co. system for the
April 10, 1943, totaled 38,015.000 kwh., as compared with
kwh. for the'corresponding week last year, an Increase of
Operating
first mortgage certificates, have declared a
June 30, 1943 to the certificate holders of
on
output
ended
33,926,000
7
Lazarus Joseph and Leon
157,
Friday to
explaining
6,482,119
14,099,728
Walker Morrison,
made
$9,329,935
$6,836,328
355,421
8,494,156
3,683,111
amounting to $197,339.
Series B-K is a $13,000,000 mortgage
issue which originally covered 170 mortgages and properties locatec.
in Brooklyn, Manhattan and Bronx.
With the forthcoming distribu¬
tion, the total distribution made by the trustees since their appoint¬
ment
in March
1936 will amount to 9%
or $1,184,036.—V. 156, p.
$9,302,194
27,741
charges-
fixed
for
1,699,725
cipal
5,683,471
$8,864,446
Dr550,543
Dr604,682
avail,
^Income
795,000
6,736,404
$7,441,011
income
Other
*
taxes
profits taxes
9,650
1,556,179
68,443
...—
wise.—V.
States Power
Northern
Electric
week
Title & Mortgage Co.- -Interest-
New York
P.
Series B-K,
3,449,975 3. 2,893,249
3,963,385
*2,279,887
7,171,851
946,395
310,675
9,650
•___
written .memorandum
a
682,267
310,351
liabilities
liabilities
—V0t157,~pf 1274~
$20,856,134 $19,845,827 $17,878,914
taxes
Other
Net
...
■•■V
697,187
liability
tax
:
last
Washington
to
came
left
Pacific feels that full payment for
be
would not
cash
He
Sweet.
165,526
'
—
Mr.
Northern
why the
in
1,958,050
$92,175,845 $92,208,707
be
Net operating
1,165,444
and wages
Unadjusted credits
Corporate surplus (Co
1940
1941
1942
Calendar Years—
Total
30.426,572
1,958,050
with
confer
221.960
—
accounts
current
Other
Deferred
60
A
221,960
service
car
accounts
Unmatured
1363.
p.
payable
balances (Cr)_
payable..
payable
interest accrued
rents
accrued
and
Audited
Miscellaneous
Unmatured
Net
60
29,997,000
.___—
__
>
•
Traific
Net
Operating
■
temporary cash investments of $9,282,000, and
special deposits of $6,877,642.
Mr, Scandrett, it was learned,
$58,113,983 $58,113,983
stock
$31,754,696,
hand of
on
Liabilities—
Common
Monday, April 19, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1464
to
inwiew of
explain
of
the
ICC had
called upon the Northern
why it is necessary to issue equipment obligations
the road's Jam 3L.balance sheet showed cash-
the fact that
Net
Net
—V.
oper.
income
1.57,
p.
income....
....
.1087../*7
...
4
•
Volume
Number
157
Owens-Illinois Glass Co.
Consolidated Income
.■
Consolidated
(& Subs.)—Annual Report—
(Excluding
Statement, Years Ended Dec. 31
Balance
Sheet, Dec.
wholly-owned British
31
1942
'
1942
1941
pared
1941
& other
sales, royalties
of
"Cost
sales,
ment,
royalties
operating
etc.,
operating
paid,
Interest
debentures
on
Management
Provision
Post-war refund
10.087,709
9,381,017
Net
sales
debentures
on
retired_^-___UL-.---~'-
94,495
28,336,478
18,388,981
684,801
annuities
29,021,279
insurance
+Federal
retirement
tax
excess
and
State
service
to
income
and
19,137,572
4,158,600
foreign income
47,861
current
Advances
by
Provision
tor
,18,996
Reserve
profit
for
year..*—*
9,194,548
5,322,408
Number of
outstanding at Dec. 31
;*_
2,661,204
share..—$3.46
l
——
—
———
■"Including
depreciation
refund,
cluding 8,660
cludes
to
Balance
Sheet,
31
Dec.
Assets-
Time
deposits with insurance companies..
Treasury notes—tax series,, due 1944-45,
banks
U.
S.
hand—i.i—
on
Government
Marketable
Notes
and
securities,
and
accounts
1.000,000
5,110,000
511,807
(less reserve I
Licenses,
5,573,330
641,196
the
/
payable
3,826.829
at
Customers'
credit
Accrued
wages
Accrued
interest
274,056
debentures
on
28,646
359,610
repairs
Capital stock
Paid-in
and
19,695,745
9,398.785
1,000,000
.
Mexico
5.
1,000,000
1,566,500
of
and
4
will
be
lease
a
directors
April
17.
granting
accounts
of
sum
beginning
that
on
date
Pan
and
a
American
hangar
of
use
now
and
of
maintenance
all
and
airplanes
■
Net
Net
at the
to
$6.58
the
to
$64,895,094.31.
invested by the
securities.
calendar
share
per
year-end.
of
year
each
on
This included
post-ivar credit
sents
98,116,186
the
and
of
This
is
was
a
dividend of 20 cents per share on
value, payable April 27 to holders of record
p.
Panama Coca-Cola
in
company
tax
amounted
1942
the
of
the
2,743,984
amount of
$12.81
with
compares
1941.
year
excess
with respect to
j:5
continue
to
$18,058,136,
outstanding
Sales
490,295,173
—r.
Cost
mdse.
of
&
Maint.
gen.
&
sold
& 4
;4;
repairs—
Deprec; & amort.
Taxes- other
than
recently declared on common stock,
holders of record March 31.
This com¬
was
payable April 15 to
with $1,50 paid on Jan.
15,
last.
Payments
last
year
were
1,325,298
4,454,839
Jan. 15, April 15 and July 15, quarterlies of 30 cents each;
15, a quarterly of 50 cents; and in addition the following extras:
April 15, $1; July 15, SI; and Oct. 15, 25 cents.—V. 157, p. 169.
tirement
plans
'
The
peace-time
1942
number
new-style
and
women
increase.
the
of
than
is
discloses
report
expected
3,000
forces.
to
Packard
'4'.44'\
stockholders
114,726
than
more
workers,
number
More
total of
payroll
a
pictorial annual
the
armed
"A
with
company
3,359,541
to
that
of
its
rise to 30%
employees
are
its
13 'k
size of its peak
shareholders in its
are
as
already
•'
receiving this
serving in
form
of
financial
presentation.
It
is
Fed.
71.5% of
T, Chris¬
owning less than 100 shares each," states George
topher, President and General Manager,
"The democratic nature of
these widespread holdings merits an annual report as easily under¬
stood by the typical business man as the trained financier.
"For
that
reason,
the Packard stockholders are today receiving
copies of a new type of annual report that differs from the conven¬
with
streamlined
share, as against $2,061,323,
decided
improvements
or
14 cents a share
4
Account
for
Calendar
in 1941.
parts,
Other
war
products,
automobiles,
etc..
__**_.___*____.____._*rL*L.L_._
from
Federal
Fed.
for
3,763,491
"1,352,013
1,296,624
commitment
losses.
1129,190
2,100.000
84,887
Cr752,337
deposits in closed, banks.
depreciatioin in value
12,888
profits
of
conting.
and
surtax.
tax
excess
&
tax
2,630,000
1,300,000
post-war
prof,
tax..**.
17,128,104
16,230,609
"After
46,635,390
42,662,037
Dividends
for
—
—~
4,726,237
2,061,323
r—_—..
year——
Earnings
1,499,134
per
fOf
commoa share
amortization.
automatic
59,143,251
Dr41,284
Cr212,059
13,719,920
13,419,920
12,719,920
57,151,195
52,812,979
49,404,795
46,635,390
2,743.984
2,
,743,984
2,543,984
$6,58
$6.24
$5.91
$6.48
shares
—V.
3,227,103
$0.31
562,189
—:*___■
tAfter
$2,100,000
provided
selling branches and subsidiary
$0.14
therefor
in
companies.
excess
debt
non-interest-bearing
per
share
Consolidated
1943
accounts
$332,823;
cumulative
(110,000
shares,
payable,
total,
(42,000
no
par),
$67,816;
$21,378,254.
shares,
no
par),
$3,300,000;
long-
accounts
State
income
and
earned
surplus,
$1,050,254;
total,
$21,378,255.—
Inc.—March Sales Up
1943—Month—1942
15.8%—
1942—3' Mos.—1942
$2,446,954
1088.
$8,223,759
$7,237,384.
-
Peoples Light &
Securities
any
Liberty
Peoples
and
to
Power
Co.—SEC Approves
Sale—
and
Exchange Commission on, April 8 ordered the
its subsidiary, Texas Public Service
Co., to divest them¬
interest in water and irrigation businesses in
and
company
selves of
and
the
Valley Authority,
Jefferson,
Counties, Texas.
L.
previously applied to the Commission for per¬
properties held by Texas to the Lower Neches
agency of the State of Texas, for $3,055,000.
Chambers
Texas
sell
an
Commission, which on April 8 approved the sale, said it was
for People's compliance with the simplification and integra¬
tion provisions of the
Holding Company Act.
Peoples said the proposed sale of its subsidiary's irrigation properties,
necessary
Act.—V.
its voluntary plan for compliance with the
Holding Company
to
V
157, p. 1089.
Strengthen Financial Position—
/
^
,
Marquette Ry.—Debt Reduction
„
,
.
,
Being Pursued
:
Balance
Sheet,
Dec.
31
'
'Assets—
1941
•v'.ii.
and
fixtures
company, which netted $3,569,065 from the record volume of
business handled over its line in
1942, is pursuing a determined policy
of debt reduction with a view to
strengthening the financial
position
of
the road,
President R. J. Bowman told the stockholders in the
annual report of the company made public
April 16.
"Unless the financial strength and, credit rating of your railroad
(less
depreciation)
bonds
9.358,265
buildings
Improvement and lease
,880,714
When
,669,303
1,769,256
Cash
,895,094
25,429,011
in
2,907,567
and
in
banks
Govt,
and
hand
on
securities
014,600
charges
Merchandise
Accounts
___.____-__.L--
:
Post-war
in
and
859,307
57 ,222,453
miscellaneous).
499,213
companies
profits, tax credit...L—_***__
736,265
,007,380
5,483,407
,040,000
receivable
10~2~n7
64,795
Total
retired.
176,164,463
126,984,979
of
'
the
is
debt
"to
33,822,767
33,822.767
in
due
Mr.
with
of
stock
Accounts
pari..
payable and accrued liabilities—
tax
Reserve
for
Surplus
(no
end
stock,
addition
12-year
41,716,876
provision.—*_—_T_
fire
surplus
of
16,617,755
2,548,226
2,472,682
55,963,815
_________
.
21,258,796
40,925.399
losses, etc.
51,899,572
subsidiaries.—
1,187,380
913,407
176,164,463
....
126,984,979
depreciation
reserves
of
$446,847
in
1942
and
$388,074
in
1941.—V.
157,
p.
1364.
Airlines
on
Despite its war-time transition,
profit
of $356,228
during
Corp.—Earnings for
Exchange—
New York Stock
this cm-oorpHmi
the calendar year
1942,
shows
p"
or)erp+,"s:
representing
a
sub-
bonds
the
to
the
funds
company's
become
credit
undertaken
and
shall
to
have
pursue
been
made
y
this policy
available,"
he added,
strengthened, the
be
dividend
'
total
the
income
net
dividends
period
in
1936
being
of
the
end
of
in
road
as
paid
and
of
that
12-year
large
as
the
1931,
in
1937,
the
which
$5,061,778,
this
almost
was
bonds
directors
payments
resumed
' V
y;
'
pointed out that during the 12-year period beginning;
last year in which dividends were paid on all classes
stock
railroad
was
dividends
total
is
of
about
were
all
$5,069,262.
paid
equal
to
the
In
prior
on
dividends
for
the
entire
period.
period," he resumed, "the outstanding
at the beginning, the net reduction
having been less than $1,000,000; and in five of the 12 years the
charges on debt were not fully earned.
Deficits have been met and
improvements to the property have been financed by short-term bor¬
rowings (since repaid) and out of depreciation and retirement charges
to operating expenses.
This situation affected company's credit.
"Even
bonds
today,
with
despite
high coupon
the
improved
rates are
earnings, the first
selling in the market at
mortgage
very
sub¬
stantial discounts."
Situated
1942—Stock to be Listed
its
of
these
of
the
of
additional
the
the
income
"At
as
course."
1931,
debt
purchases
,
that
Bowman
preference
net
■<
present intention
reduction
the
Liabilities—
Common
Additional
1943.
"It
80,339,780
subsidiary
excess
Mortgages
(trade
it
refinancing
853,310
...
receivable
substantially improved during the next twelve years," he said,
refunding or payment of some $40,000,000 of first mortgage
coming due in 1956 will present a major problem.":
'■
became
evident
that
the
road's
earnings were on the
upswing last October, Mr. Bowman stated, the directors initiated debt
reduction by purchasing
first mortgage bonds at the prevailing dis¬
count.
By the end of the year some $2,250,000 of these bonds had
been
g
,017,602
S.
be
can
.
1942
-
■
and
Govern¬
'
Dec. 31,
$2,832,431
157, p.
"the
1,499,134
———
——
"Includes
1941.
62,865,999
13,719,920
Pennsylvania-Central
Surplus
66,532,899
:
post-war credit of $3,040,009.
"Less
profit
stock,
stock
sales
16,481,214
49.404,795
,
*
Total
2,000,000
preferred
Period End. Mar. 31—
Net
Pere
Cr780,000
adjustments.—
of
164,882
18,058,136
'
Net
16,316,331
214,598
,
year's
com.
Undistributed
7,800,000
profits
retirement
war,
Sheet,
X Peoples Drug Stores,
is part of
16,016,011
263,054
2,743,984
Federal
7,047
income
16,865,050
3,253,459
—
normal
refund
2,586,755
for
reserve
excess
Post-war
Prov,
in
91,383,195
expenses
written off
inventory and
operations...
investments
for
dies
claims for
on
Reduction
101,132,362
—
and
17,784,163
273,973
.
314,959
199,287,060
and admin,
tools
"Automotive
Prov.
100,817,403
:i
__—_
871,000
.
(net)
com. stk,
on
Investment
Automotive
of
Earnings
U.
223,069,602
sales.*.
of
Selling, general
Depreciation
Recov.
1,147,172
27.000
451,000
(no par)
Deferred
221,922,430
income
tLoss
$
service
Total
Cost
1941
$
of
8,650,000
600,000
52,812,979
prior
Cash divs,
"Land
Years
1942
Sales
'27,360,000
•
taxes
Furniture
Income
3,460,947
70,871,115
of
inc.
Fed.
in manufacturing
30f/t."
Consolidated
19,777,279
5,130,000
Total
or
efficiency during
1942," explains the report, "and our operations were generally more
economical.
Net selling,
general and administrative expenses were
$2,586,754 as compared with $3,763,490 .for. 1941, a reduction of more
than
21,544,011
7,850,000
■
WPB than any other war plant, /
-y
Vv;'v'..figures in-the report show 1942 net earnings of $4,726,237,
$1,119,571
The
Surplus Outstanding
more
from
cents a
net
of
of
Federal
post-war credit;
The
tax.
taxes
Consolidated
by company and union through which Packard has been awarded
"We made
33,816,050
Previous surplus
Adjust,
31
53,534,163
profits
for
$108,208
1243.
1,127,292
7,790.000
income
and pictures of war work on Packard-built Rolls-Royce
engines and Packard marine engines for PT boats."
The report states that all of the employees have voluntarily joined
the management-labor ."Work to Win" program jointly administered
Final
940,014
tax
Net profit
of subsidiaries—
filled
and
charts
income
excess
the
of
reason
non-negotiable,
after
$84,566;
p.
Hardin,
Profits
aircraft
honors
940,994
in¬
surtax
Other
report,
them
tional
18,649,987
int.
income
by
company
provision
1,
156,
-
20,603,997
996,889
noimal
and
in
payable
V.
3,582,611
32,875,056
(net)
Total
Fed.
receivable
associated
*The
reduction
a
allowed
$8,417,000;
mission
employees are
draft demands
from
1941.
Federal excess profits taxes,
$1,356,469;
interest, $27,810; dividends declared on preferred stock payable
1943, $52,500; customers' deposits, $4,209; miscellaneous cur¬
rent liabilities, $23,690; deferred
credits, customers' advances for con¬
struction, $14,364; reserves, $2,523,016; contributions in aid of con¬
544,133
1,243,111
the
twice
in
reflects
is
struction,
2,686,150
mi&cell.
&
331,780
$844,853
accrued
4
52,537,274
purch,,
on
come
359,949
;
*
ree'd
Co.—Annual Report—
1942
$45,200
debt,
The
Disct.
Packard Motor Car
4
$967,330
common
Oct.
Profit
purchased
power
for
Federal and
'
696,159
1,379,915
3,932,768
re-
$1,176,632
payable to
associated companies, $103,464; accrued
general taxes, $153,097; accrued
258,114,092
44
545,057
$1,010,550
term
in¬
Company contrib. to
follows:
1939
V
278,499,713
989,337
973,868
Liabilities—$5
*
>'
1,610,585
***_■-_.
profits tax, $63,008; deferred debits,
excess
shown
377,571,711 304,539,326 282,133,934
:4,.x-444
1.813,412
taxes
come
as
*
.4
$650,601
and
bonds
306,245
423,110
299,381
deductions ,4-*^.*.*;.-*4*
is
546,000
■>
*^44*_.*.4J*4._**.L*i*4*.._._:
income
tax
304,785
322,310
taxes
profits -tax
$4,200,000;
1940
'
4
338,163,965
427,478,200
expenses.
—_
$1,
share
Statement for Calendar Years
'
272,791
588,562
*
cost, $255,000; accounts and interest receivable (less reserve for uncol¬
lectible accounts of $48,153), $431,241; materials and
supplies, stated
at average cost, $445,247;
prepayments, $28,494; post-war refund of
total Federal income surtax
1941
2,162,642
Assets—Electric plant, $18,721,385; investment and fund
accounts,
cash, $524,671; special deposits, $41,203; U, S. Government
securities, at cost, $500,000; U. S. Treasury Tax
Savings Notec, at
profits tax figure for 1942 was $35,150,000, or the equivalent
per share.
4. ,4
-'yy
■■4.;-ry4-4,y--,,/
4
1941
$5,464,472
$35,182;
,
The
income
Balance
which repre¬
4': '
4
increase.
to
$6.24
or
-v'
and
1942
$5,855,580
to
anticipation
shares
$3,040,000
State
one.
profits taxes which
excess
$17,128,104,
1942
Bottling Co.—$1 Dividend—
share
per
852,611
:4--4-*'^4*L_*4^4Li4l*444.i***.';
■
excess
which
ment
1
'
:l'
307.
and
$63,008
1,611.
addition
in
(Including Wholly-Owped Subsidiaries!
declared
155,
$1,031,167
852,611
i
income
Feb.
25
$1,190,751
...
2,388,118
taxes
1942
of
liabilities is about two to
to current
amount
$30,014,600
profit for
equal
1,425,169
March
...
"Including
in
per
on
General
;
$18,058,136
made
51,755
1779.
revenue
Income
'
paid the Government but will be refunded later.
were
4,055
en¬
for
each
44,950
20,846
:
dividends
the
be
cents
85,782
45,957
24,564
con¬
in
of
10
85,782
(cr.)
deductions
p.
tFederal
facilities
under
are
available
10,698,150
since.—V.
none
1,265,250
8,035
3,686
expense....
to
27,899,424
par
1,265,250
...
i.__.*_.l
and
interest
on
income
156,
Federal
other Government
and
notes
~~
A dividend Of $1
par
'
•
33,265,050
no
bonds)
(mtge.
$2,526,091
Maintenance "_.**-*4.*.i4.*_**
Provision for depreciation*_**i._****44.:--*v*. \
an¬
1
12,000 feet of space will be
ratio of current assets
sell.
pares
corporation
31,771,564
have
debt
discount
23,58$
$2,570,917
,
'Operation
to
10,698,150
105,502,744
$2,502,506
Years Ended Dec. 31—
inter¬
moved
33,265,050
*l_,_.
stock,
1941;
the
be
——L
Distributions of
20,
direct
will
soon
Calif.,
transferred
Consolidated Income
Dec.
Burbank,
building
terminal
Pacific Clay Products—Resumes Dividend—
common
Airways'
America
pari——*i.——._*
—
_4*-__
charges.
debt
income
Net
is to
The profit figure
—v0ti57,"pr3487
The
American
90,000
...
488,229
Drl2,778
long-term
of
Gross
to
a
Federal taxes
the
Pan
Central
\
Approximately
cash
7,105,500
1,390,161
471,286
$2,583,694
-__*
*;
Preferred
Move Terminal—
Corp.—To
*
Glendale,
field,
The
,
The
the
contingencies
651,233
465,890
(net)..
—V.
interest.—
60,000
($12.50
surplus
Earned surplus
accrued
fln-
refunds
UAfter
etc.
total number of stores in operation at the end of 1942
number in operation at the end of the year'was 1,605.
The
314,125
income
17,074
497,219
property,
767,989
charged to construction
Miscel.
in¬
company,
The
91.667
41L464
bonus^_^-ibi.*L—
Federal
income,
capital
stock
and
social security : taxes—Li—
Sinking fund payment due Aug. l, 1943_*._—_
.Long-term debt *—l.—a—l—***.*,.*—l.
for
of
adjustments,
warranty,
and
notes
par
(J. C.) Penney Co.—Annual Report—
Accrued
Deferred
cost
shares,
no
account
for
product
of
*
income
on
Interest
profits
1,184,299
property, sales & other State taxes.—.
2,170,185
23,063
518,432
519,085
taxes
Taxes assumed
airport.
addition
the
266,899
1,100,429
__l*.—^
Reserves
96,819.687
5,017.507
balances..;L—
Accrued' management-
Accrued
Airways
hangar for storage, overhaul
gines.—V. 157, p. 1274,
98,116,186
4,240.978
accrued" expenses.'.**.*..
2,288,483
equipment
interest
Amortiz.
*;
and
131,843
...
terminal
to
April
on
new
In
729,569
3,842,466
105,502,744
Liabilities—■
;
$6,797,732
:
.
Angeles
struction.
Accounts
Other
16,035,139
123,610,542
.
service
Terminal,
5,752,277
—*^_.
Total
19,262,242
With operations expected to start from the new terminal on June 1,
international schedules operated at present out of Grand Centi'al Air
45,686.369
—:*i-—
charges
for
trustee
the Lockheed Air. Terminal in
18,969,091
45,602,460
patents and goodwill...—
Deferred
1941
$6,665,890
$7,166,637
:
(deprec.)
income
Interest
in¬
15,000,000
gReserves
discounts,
1087.
Los
nounced
511.807
16,539,094
other assets, at cost
cost, less depreciation
The
10.619.394
and
at
by
anticipation
tax
American
national
1,549.950
10,346,468
—
Investments
4
"
retirement
income
Gross
.2,000,000
5,119,846
receivable
of
name
156,
Pennsylvania Power Co.—EarningsPan
"1,000.000
at cost-——p.—i.—..;
Property,
and
7,470,899
cost— ;**av---L*—*
Inventories,
in
securities.
for
income
Gross
1941
11,216,067
securities*'—*.:—^—
at
tRepresented
wholesale
$5,013,800
157, p.
*
■:
•
held
1938.—V,
1942
.
.
...
Operating
2,100,000
Govt.,
May,
taxes
Other
2,000,000
—
Canadian
S.
U.
V.
1942
■
.
in
Other
commitments
depreciation.
since
662,338
1.493,798
1,613,209
adjusts.
:
'After
$50,630.
Cash
S.
estimated
Other
34,450.565
115,460,523
post-war
Federal
10,464,638
44,459,520
tax...
&
listed
$7,028,256
Provision
30,000.000
contracts——_
Total
$3.40
of
Consolidated
been
revenues;
plant and
—
deducting
U.
under
contingencies
Surplus
manufacturing plants and amortization
of. leased equipment—1942, $3,678,741; 1941, $3,516,156.
tAfter deduc¬
tion for year 1942 of credits for debt retirement,
$1,529,400, and post¬
war
has
138,380
,
losses
ventory
6,653,010
'
stock
operating revenues*..':
Operating expenses
4
Electricity purchased for resale*.
2,661,204
paid
shares
per
for
9.040.149
dividends
Earnings
income
current
y. ; ■
the listing of the company's common
Exchange instead of the New York Curb
Total
96,819,687
reserves*—*—?5,129,249
customers
for
Reserve
Net
Cash
14,135,790
accruals.—*—17,299,008
'.f■
liabilities
Miscellaneous
4,595,000
taxes
351,310
con¬
*
Miscellaneous
com¬
as
to
for
29,494.657
4T2"583
30,000,000
:
and
after
assets
compared with 2.2 to 1 at
Electric
39.607,394
stock
payable
as
income
1942
for
current
94,641
cost-plus-fixed-fee
Liabilities—1
4,094,300
14,220,270
tax.——£
profits
Operating
4,716.994
123,610,542
Accounts
1,400.000
•*_:
the
1
Net
$408,055
of
Pennsylvania Edison Co. (& Subs.)- -Earnings-
954,311
———
fCapital
company
trust—*;.—__l
surtax
where
'
to
profit.
to
ratio
2.7
was
Stock
Period End. Dec. 31—
.
'11,780,082
r
—
'.
under
made
York
The
Maintenance
XXXvi. 1,389,127
Payments
5.557,240
2,841,455
charges
costs
be
New
operating
amounted
786.
12,758.516
19.833,915
banks—*——
closed
tracts
covering certain employ
under
p.
12,457,427
_*_L_*.._.__
Total
£
185.135
will
the
on
Exchange,
748,591
purchased
Federal
in
Deferred
1941
1941.
780,000
reserve
securities**.
Government
Unbilled
service
ees,
S.
Cash
326" 5 7 6
**__—.
income
stock
26,806,968
U.
the
sources
$127,284 for
Application
1
218,828
sub-
—
Municipal, and Canadian bonds*
77,564
-
English
195,271
_—***..
income
Total
26,754
losses_-.*_-_-_*_*___*__(
and
expenses
1,096,624
accounts.:..,
to
profits tax,—**——,
excess
Deferred instalment notes after
628,250
1,375,072
*
doubtful
profit
Other
579,000
advances
of
receivable
Accounts
54.48b
;
and
in
Inventories
252,083
205,104
„
12,747
on
for
Premium
Sundry
Past
30,323,289
bonus
discount
Cash
■
Investment
interest'
Other
25,510,808
i
199,148
183,620
95,231,868
40,794,924
Manufacturing profit and net oper. revenues
general and administrative expenses-*.
Selling,
21,519.404
*_**
develop¬
"* 111,435,602
expenses
•^Property investment w**—-l**-*___—*.*——Rights, franchises, etc.'
Mortgage and miscellaneous investments———
152,230,527 125,555,157
revenues
patent,
with
liabilities at the end of 1942
the close of 1941.
:
/.
$
Net
1455
stantial increase over
income taxes from all
subsidiary)
Assets-
V
•
THE COMMERCIAL & FINANCIAL CHRONICLE
4159
in
a
concentrated
industrial
area,
now
largely .converted
production, the Pere Marquette "threw everything it had"
of its war transportation task.
The result, in
terms of operating revenues, was $44,311,307 as
compared with $39,over
to
into
the
048,003
been
war
performance
in
1941.
accomplished
Transporting the record volume of traffic has not
"without borrowing from the. future to fulfill the
,
Mr. Eowman said, referring to the wear and
traffic on rails and equipment.
serious danger that the funds with which to
rehabilitation after the war may not be available when re¬
the
of
teai"
"There
'effect
the
cannot
'
',
*
\
,
,
■
*
,
Accrued
,
unions
labor
return
1942
was
.
V,
;
income
for
surplus ' ——'*—J—_ A—AA*AAa~— ;
4,535,999
A*.——A—A—*—AAaA—„*AAi
9,511,552
7,580,667
—
*Less
for
reserve
Federal income
Net
profit
•"Earnings
51,593
$88,598
of
-V.
stock.
common
157,
$0.17
Phoenix Securities
1275.
p.
The
—
000.
Plan Referred to SEC—
H. Kirkpatrick of the' U. S. District Court at Phila¬
delphia has ruled that the amended plan for the reorganization of
the company under Section 77B
of the Bankruptcy Act is "worthy
of consideration" by its creditors.
He referred the plan to the SEC
lor an advisory report to be filed not later than May 18.
Under the plan the $2,000,000 of 5$ cumulative ($50 par) preferred
on
which there were interest arrears of $1,165,000 on Oct. 15, 1942
and $745,000 ($10 par)
common would be eliminated.
In place ot
the $2,267,000
5$ bonds due 1960, on which there were interest
arrears
of $1,094,583,
there would be issued new income bonds of
would
securities
of $242,900 before income taxes
$36,000 for contingencies and an
of
and
157,
replacements,—V.
declared
directors, have
of
10
cents
common stock, payable April to holders of
during 1942 were as follows: April 25. 12V»
cents; and Dec. 15, 10 cents.—V. 157, p. 259.
:
the $1
par
Payments
7 Va
Gross
bonds
Selling,
Provision
income
Net
the
of
estimate
per "
corporation
for
record April 20,
cents; Aug. 27,
39,175
paid
earnings
accrued
and
' A'A.1
Cash in banks and
U.
S.
"U.
Cash
value
of
and
•{Notes
Refunds
life
accounts
receivable, customers—A,
income tax and interest,
:
1,348,925
in
the
application of electronic and radio principles to war
The special knowledge and skills acquired in peacetime engineer¬
practical
uses.
.
•
•
payable,
activities have been transferred to the war program.
Philco Corporation's plants and facilities from civilian
production, under way well before Pearl Harbor, was completed
in 1942, Mr. Buckley said.
Philco is now turning out electronic and
radio communications equipment for planes, ships, tanks, and ground
forces,, artillery shells and fuzes, and storage batteries for the armed
services
and
war
plants.
Company's, output of war goods is still
Dividend
increasing
Earned
ing
Conversion of
to
war
in
and
scope
has
"Philco
importance.
contributed
improvements to radio manufacturing
many
needs," Mr. Buckley states.
"Through co¬
factory engineering,
material control and
production, essential
war
equipment to meet urgent needs of the
Army and Navy has been manufactured in shorter periods of time
than the industry had previously believed possible."
..
.
techniques
meet
to
24,273
payable
for
Reserve
prof,
taxes
AA* A——AA*;.
AAA
A—_■
notes
100,000
1,
2,250,000
—A A'
684,094
684,201
$4,349,014
...
2,250,000
41,475
262,290
,
Consolidated
Account
Income
for
Calendar
Years AAA A*
*1941
1942
Gross sales, less
discts., returns and
allowancesAi-A^-——-A^-AA .$73,505,979 $77,073,636 $52,311,132
U. S. Govt.—.
5.000,000 K', ..AAAA;!;;
AAa;
Net
sales
of
Gross
profit
"A
expenses
49,617,049
general
and
loss
$18,888,930 $19,769,745 $12,701,266
AAaAA;
;
inventones*——*A*.—
on
dividend
of
cents
15
deductions.
Other
income
Other
other
before
*
*.,
Federal
income
Federal
excess
10,745,009
8,740,870
512,255
564,132
388,213
1.105,776
income
Provision
Profit
for
to
$8,689,585
....
$8,460,603
$3,572,183
Cr409,481
CV176.650
0190,572
11,
20
cents
on
156,085
871,810
1,783,775
14,849,123
4,039,150
The
Aug.
1939.—V.
17,
company
stock,
April
on
15
$10,
par
156.
per
142,755
144,675
"•Submitted
994,647
1,000,000
'•
$2,513,569
Consolidated
*Notes
1,438,406
$1.61
$1.83
$1.64
paid
and
receivable,
on
Balance
Sheet,
Dec.
war
accounts
!
contracts
receivable,
in
United
in
States
bonds
*
amounts
due
from
payment
accounts
Estimated
Deferred
per
5.
share
This
?
the
on
passenger-miles of troop transport to
b'llions of
"soldier-first"
a
record
a
of
basis
1943.
in
of
total
with
connection
in
$2,743,910
permission
155, p. 925.
(&
Sub.)—Revised
"$170,959
Income
Calendar
lor
Account
oper.
Gross
3.133.468
.*-*__„.********.**_*.
*69,327,548
53,925.974
10,872,306
10.489,970
10,535,056
891,693
for
to
1942—12 Mos.—1941
•
Net
sales
Cost
of
32,453
85,672
*$179,104
3,927
6,016
income
*
66,000
66,000
1,025,037
1,090,315
*$3,797,350 *$2,748,984
51,455
re-
equipment
2,500,000 ij;
i.
6.487,273
1,732.949
198,533,395
105.428,055
165,620,912
87,311,017*
2,090,231
2,341,184
earning
Provision
Selling
receivership settlement;*****
manufacturing plants sold or scrapped
foreign manufacturing subsidiary*****'
for
Federal
— *
342,181 "V-
■
536,003
income "taxes***********
******
******
21,382,610
for mfg. contingencies^*--**!--;.
3.960,585
2,000,000
profit****——
manufacturing
33,819
2,310,643 I* 2,557,413
409,796
expenses
Seaboard
to res.
Net
revenues
sold and operating expenses
depreciation*
administrative
and
Appro,
operating
for
Provision
v
and
goods
on
*$208,912
for post-war
reserve
Manufacturing Business-
on
oper.*
to
Pullman
of
Net carrier
Loss
income**-
depreciation,,
,
•■'$1,592,669
5,500
to
for Federal income taxes.,,**:***
tation
$
70,174,050
13,569,687
payments
Provision
•
■■
113,292,473
railroads,*
revenue
Appropriation
;,v:v
revenues_*_„___„_.»„_**
operating
on
5,500
revs.
•
1941
r'.VVr' $
Sleeping and Parlor Car Business-
.
Earnings-
*$2,706,313
Years
1942
Loss
*$87,932
A
tax refund,
plants and
out. of 1942 income and post-war
readaptation of manufacturing
post-war
Consolidated
$2,152,079 $22,489,873 $22,818,633
■'"" '
■■ 'v"'-:
" :■•'',
2,240,011
25,196,186
24,411,302
'
operations,
manufacturing
1942
up
for
equipment.
.
.
set, up
for
set
was
provide
to
was
provide
.iViV:
compares
--
oper.
machinery
and
equipment,,,*
assets
charges to future operations
to
from
—*$204,985
gross'inc.
profit
*$173,088
*$3,745,895
*$2,715,165
43,101
30,841
446,411
322,735
*$248,086
*$203,929
*$4,192,306
3,841,015
and
*248,086
*203,923
*4,192,306
*3,307,900
p.
Profit
from
on
■
-
;
9,257,843*
662,965
720,460
*
miscel.- items**
and
securities
land
1275.
and
securities sold
Provision
for
of
expenses
Federal
32,703
753,163
*..__*
deductions*****
income
Administrative
:
4,161
667,126
Miscellaneous
loss>*_
157,
Income
•
*fe3,037,900
transf.
balance
*Loss.—V.
**„_*
88,572
98,302
Inc.******
Pullman
346,383
410,643
199,248
316,193;
income taxes**-
,__*_*_•
8,067,217
1,392,927
94,312
46,880
'
R.
538,791
3,333,947
257,035
Mr.
309,792
270,880
all
$34,057,590 $28,580,723
Net
Loan—
President, has announced
is
loan
Braun
stated
in
the
that
form
almost
debenture notes.
the company's entire
made
or
presses
units
and
and
by the company.—V.
151, p.
1003.
investment earning*—**;.—
Consolidated net
Dividends
"In
output .in
1942
for
operat.ng
and
with
deferred
'
paid—*
ICC
whose
provision
earnings
$5,168,472 in
been
income
instruction
($2,743,910)
are
for
Federal
taxes
consolidated
(including provision of $21,812,886 for
have
10,918,82
8,'515,'96
9.908,811
accounting
maintenance
Dr71,976.
10,361,210 '
the
has
amount
been
of
th
included
i
expenses.
Note—Total
tions
32,922
income
declared
accordance
reserve
of
indirectly for the Federal Government. • Practically
regular laundry equipment went into
mobile
into various cantonments, and a good portion of
equipment was used by the Navy, as every ship from a destroyer
has a complete power laundry and uses equipment of the type
directly
its
laundry
its
Braun,
The
State.
was
268,722
$750,000
that the company has com¬
pleted a long term loan of $750,000 through Eagan Bros Corp. with
the
Metropolitan Life
Insurance
Co.
Eagan
Bros.
Corp.
is the
insurance
company's
financial correspondent
in central New York
49,303
3,223,707
Co., Inc.—^Gets
Prosperity
up
Total
From, Investment Operations—.
income
income
Net
A.
217,258
receivable
investments
Deduct,
21,094
subsid.
post-war refund of excess profits tax
buildings,
Intangible
and
Gross
8,053,739
4,516
1.416,539
and
Miscellaneous advances
Land,
on
included $600,000,000 of equipment orders,
military—tanks, guns, shells, naval vessels,
year
strictly
Provision
:
All of Pullman'.*
220,344
1,742,175
consolidated
Deferred
$5
Anril
V
revenues**
assign,
Non-oper.
1941
11,887,817
Investments
record
of
Feb. 24, last year.—V.
2,194,941
Operating
$6,819,925
8,899,488
trade
Inventories
not
31
$5,501,904
hand*!
receivable, subsidiary not consolidated
Investment
dividend
a
$2,023,982 ;
cable
oper.
Income
1942
and
Accounts
Net
being built,
are
cars
1942 income of $312,000,000 was a
gross
Contract
1942—Month—1941
:
oper.
expenses
purposes of comparison.
resolution
of
May 27, 1940,
banks
Accounts
cable
—
,
and
$2,248,568
1,369,768
share,*****
delivered
Loss
Telegr.
Taxes
$2,209,992
Assets—
in
2309.
company's,
the
for
•*
Cash
and
Uncollectible
tPaid under authority of
which limits bonuses or
additional compensation payable in any year to directors, officers and
salaried employees to 34 of IV of consolidated net sales for such year.
?After post-war refund of $538,791.
shareholders'
Period Ended Dec. 31—
Telegr.
119,125
>
1,029,107
surplus..*,*,
common
p.
holders of
to
With $10 per share paid on
233,450
166,965
:
tne
are
Operating expenses
revenues
25,385
paid
Earnings
par
no
and
contingencies—*_
transferred
Dividends
the
•
taxj—A-;
..A'—A*:.
tax
on
payable April 17 to holders of record April 7.
compares with 35 cents paid on Dec. 21. last, 15 cents qn April
1942, and 50 cents on Dec. 23, 1941*
The previous payment was
A—A.
—A*,!
tax-A-A-AAA* A
profits
declared
passenger
stock,
common
common
8,581,315
•
.
**_————A*AAA
deductions
State
income
been
new
of
which
$4,681,288
This
Postal Telegraph, Inc.
Profit
has
share
per
in
carried
were
the 1942
No
close
Pullman
39,609,866
selling
•{■Incentive 'compensation— AAA—
Net
57,303,891
A
value
troops
he sa d, and this burden combined with in¬
travel, resulted in a p&ssenger+m.le total, of.
with Interstate Commerce Commis¬
deferred maintenance on Pullman cars
which could not be sent to the shops for such work as refinishing and
redecorating, although an expanded operational safety maintenance
program-was placed in effect -early in the year,
A further reserve of
Pay 15-Cent Dividend—
Portuguese-American Tin Co.—$5 Dividend—
saies'—AA—-A
on
Administrative,
$77,073,636 $52,311,132
(inch excise tax
royalty) A-———A---A-A
and
.
$68,505,979
„
goods sold
of
of
to
Pollak Mfg. Co., Inc.—To
8,000,000
1942,
and prospective
reserve
tLess reserve for doubtful
accounts,
tLess
reserve
for
depreciation of $546,812 in
1942 and
$517,764 in 1941.
8Less U. S. tax notes (plus accrued interest),
$200,096.—V. 156, p. 1058.
'
A;
*1940
Voluntary refunds to
Cost
the
sion
%',i, pledged, due Dec. 1, 1943.
(Philco Corp. and wholly owned domestic subsidiaries, consolidated)
A:
' V
the Pullman-
of armaments,
contingencies
war
*Series E
made
has
says,
an
record high, but taxes
$49,914,706 pre-tax net
1941, total net earnings
$3.14 a share in 1942.
sleeping and parlor car.
business accounted for $6,487,273 of the net profit and $113,292,473
of gross revenue.
The manufacturing activities accounted for $3,481,015 of the net and $198,533,395 of the gross.
Earnings on war con¬
tracts were less than 2V ; earnings on sleeping car investment less
than 2Vz
The Pullman space rate on troop travel :averaged 3.2
mills per mile; on civilian travel 7,5 mills per mile.
A
reserve
of $2,000,000
was
set up to cover war-generated loss
45,000
,
i
1940AA*-
par>.._..
(since Jan.
surplus ;A*A—AAAA-
Crawford
Mr.
role,
heavies#
$39,553,490 of the
income.
Although the gross was up 77 V over
of $10,361,210 dropped from $3.31 in
1941 to
Taxes were equal to about $12 a share.
The
100,000
$5,074,884
($7.50
surplus
Capital
the
Crawford, president states
and parlor cars are now in almost continuous oper¬
with troop travel practically equal to civilian travel.' War orders
required
650,000
:
experienced
1942
records, David A.
stockholders.
miles, the
cars.
be
33,763
450,000
——*
the na¬
sleeping
at
150,338
45,000
in
etc.,
294,237
38.227
Nearly
cars
S5'7
$100,000
834,823
__
excess
contingencies
stock
Common
&
——-
term 3 LA
Long
sundry—.
income
in
movements
troop
mass
companies- in
.
its
entirely
7,000
$4,349,014
210,450
payroll,
organized
to
wartime
form
the
ation,
900.000
A* AAA A—A*AA*-
payable
taxes,
Provis. for Federal
of
in
report
fewer
43,376
A ■.
i
$100,000
year——A
one
157,
'■ C;:; ■:.
greatest
group
thirds
Two
in
625,006
1943AAA-AAA—A-'
1,
Jvy. Mitchell,--rV,
highest ever recorded.
output of Pullman-Standard "went to war"!
and the other third went for war on the.
home front in the form of transport necessities.
Pullman passengermiles broke all records in. 1942, totalling
19 billion against the pre¬
vious record of 14 billion in 1920, and the job was done with 2,000
i
1,287,002
1
purchasing,
of
operation
Accounts
Accrued
within
due
John
succeed
wartime civil an
billion
19
V
The
payable Dec,
,■
and building nearly $200,000,000 worth of tanks, shells,
aircraft sub-assemblies, and rail equipment,
almost
creased
1,510,875
$5,074,884
Notes
to
*
,
American instrument of war.
Armament
orders at tne close of the year constituted 95',w
of the $600,000,000
total orders on hand, with vitally needed freight cars making up the
Liabilities—
Notes
President of the Republic Flow Meters CoJ
of the Illinois Institute of Technology,
,
board
director
a
business
dual
This
.
;
substan¬
amount
an
Inc.—Annual Report—
annual
an
group
38,168
the company
concern-,
■-'?l.;/;' ■ /' .1'',v-
;;
the
of
volume
7L316
603,324
■
the Commission
result in debt retirement "in
the
•>'
Pullman
the
sleeping
1,425,316
AAA-AAA AAA A——AAA'
Other assets 'AA—AAaaAAAA—AAi.
Goodwill and
trade names AA-A AAA A
asset.;
of
tion's history,
50,625
'
.
prior
tFixed
1187.::
■
remainder.
r,
70,837.
years';, Aa—A A AAA A A a*—AAA
inventories, finished, unfinished goods & suppl.
applicable to Public Service
■-! In
program.
Cunningham,
elected ;
Pullman
1941
$722,644
:
98,600
—
D.
Chairman
been
:: Carrying
• v
1,000,633
insurance..-
due, Federal
'
■
$502,944
.
:
<
Public Service Co. of Northern Illinois—New Director
P'.
$0.93
;
interest—AA
and
r
predecessor
a
and other directors re-elected
and
150,338
31
interest*A—A—AA-
and
certificates
Treasury
Indiana,
condition imposed by
a
retirement
has
180,022
ec.
of
Ind., has been elected to the board of
to serve until the next annual
and William C.
Robert A. Gal-'
lagher, Dudley R. Gallahue, William C. Griffith, Kurt F. Pantzer and
Louis B. Schiesz, of Indianapolis.—V. 157. o. 1275.
1
i '
$279,582
1942
hand—
on
bonds
Defense
S.
I)
Co.
of the shareholders are: Stuart J. Barrett
Freeman, Chicago; Peirce C. Ward, Rochester, Ind.,
$429,920
V
180,000
AA;-'';A
Assets—
v
Sheet,
Balance
Service
howitzers, trench mortars,
$1.34
Consolidated
Public
whose bonds have been heretofore assumed!
connection with the issuance of
bonds dhe company: proposes certain sinking fund, require-,
The
application indicates, that the- effect of such sinking
James
$403,845
—
—
12-5123) with
meeting
44,720
234,919
taxes
share_—
per
V
after Federal income and
prof,
exc.
of
Indiana, Inc.,
directors,
$385,200
$638,765
_A
tax
and
1989,
i
company
New Director—
37,145
:
40,495
profit'v„AA~A——-AA-A-A-A*!.—A;
Net
taxes,
income
for Fed, income
Dividends
■ _•
Federal
before
Profit
—
registration statement
a
Hugh A. Barnhart; Rochester;
is
128,538
94,911
,
$598,269'
(net)—AAAAAAAv-AAA
Inc.—Registers
Indiana,
equal \to, the funded debt required " to -be retired during such,
under the provisions of said condition of this Commission."
The
applicant expressly requests that the Commission remove this
presently effective condition.
The application
indicates that the company proposes to offer the
bonds for competitive bidding
pursuant to
Rule U-5G promulgated'
under the Public Utility Holding Company Act of 1935.
r
2,666,770
95,460
94,458
—*___*—___AA—.-*—AA—!:
of
period
i
3,230,888
taxes)-—
is
1
tially
$3,312,564
accounts—
Federal income
.:
/
■
of
157,'
.
$4,058,250
administrative expenses A ;
and
Company
April 7 filed
on
fund provisions will
1941
depreciation
income
Provision
share on
voluntarily reduced its prices by refunds to the extent of
to the Army and Navy on the work done for them in 1942.
last year, giving effect to this adjustment, were
$68,505,979.
A
' ..'
A
'
The Philco Research Laboratories are playing an important part in
l,
debt
uients.
Years
1942
doubtful
','"y
present time there is outstanding
new
'
company
of
the
•
$5,000,000
Sales
for
income
Gross
:
1942,
for
Calendar
for
Statement
Income
;
general
Provision
and after, providing a reserve for contingencies
of $1,000,000, totaled $2,209,992 or $1.61 per share, as compared with
$2,513,569 or $1.83 per share for the year 1941.
Included in the
earnings for 1942 is
the post-war refund, of excess profits taxes
amounting to $538,792 as provided for by the Revenue Act of 1942.
James T. Buckley, President, in letter to stockholders, states:
Corporation's total sales of civilian products and war goods before
voluntary refunds amounted to $73,505,979 in 1942, as compared with
$77,073,636 in 1941.
As manufacture of military equipment progressed
and
increased efficiency was achieved,
costs were lowered and the
profits
excess
a
preferred
convertible
$3
(& Subs.)—Annual Report—
.
(other than
Taxes
Net
Corp.—Annual Report—
Philco
of
on
profit _———_—*■—AA_„A—:A
Other
dividend
a
..A
.
Wine Co.—10-Cent Dividend—
Pleasant Valley
The
Co.
157, p. 557.
Consolidated
45.
p.
its
of
tenders
accepted
At the
,
Corp.—Tenders Invited—
be
to
v
Page
Mr.. Page
& Telegraph Co.—V.
•,
■
•'
Wilson
directors.
Company proposes to issue and sell to the public $38,000,000
Sept;:
ing
the
amount sufficient to exhaust the sum of $1,000,-
an
are
Plough, Inc.
for this
and interest but after a reserve
additional $36,000 lor renewals
showed
1943
year
in
Tenders
v:
basis of $400 in new
$1,000 present bond.
the
on
in support of the plan stated that its budget
an
anticipation of new operating revenues
The company
V.
The new
of new common for each
and four shares
for
distributed
be
stock (no par).
shares of common
10,573
and
production;
war
the basis of the lowest prices
offered, which in no event are to exceed $50.40 a share.
The miximum price of $50.40 a share, it is explained,' is the: amountto
which
the
preferred stock would be entitled to on liquidation,
including accrued dividends of 40 cents per share to May 18, 1943.
Tenders must be
made prior to the close of business on May 8.—
Judge William
$1,057,300
its
of
inviting
is
corporation
stock, series A,
Philadelphia & Western Ry
excellence
Division at Trenton, N. J., has been awarded
$74,390
$0.21
—'
share—
common
snares
1942
!—A
—;
per
429,453
•••■On
-a
corporation's
a white
star to add to its Army-Navy "E" flag, according to word received by
M. W. Heinritz, General Manager of the division, from Admiral C. C.
Bloch, Chairman of the Navy Board for Production Awards.; The
original "E" award was presented to Philco by Rear Admiral Wat T.
Cluverius on Oct. 7, 1942.—V. 157, p. 1274.
continuing
of
of retiring the $38,000,000 first mortgage bonds, series A, 4',p
purpose
due
in 1941.
Army-Navy "E". Award—
For
■ •
Arthur
and
board
mortgage bond$, series E, 3^'), due May 1, 1973.
The proceeds
be derived from the sale of such securities are to be used for the
to
and uncollectible notes and
in 1941., tLess reserves, for
and $1,642,711
1942
the
first
constituent
$120,983
60,825
allowances
credits,
in 1942 and $497,503
■depreciation of $1,752,783 in
to
the American Telephone
Service
The company
$34,057,590 $28,580,7.23
A
—
—
Newark
With SEC—To Issue $38,000,000 Bonds
the SEC.
Total
of
elected
■:
Public
4,116,429
4,535,999
4,116,429
accounts of $386,713
1943
1,000,000
A
*
■Surplus
.
$149,423
before taxes
taxes——AA—A AAA A -A-
*—_.
been
1275.-.,
p.
f..'.i ,i..'
■.
117,002
122,2.94
—A——A*—*— A
.
■■■:'
Sprague
Vice-President of
a
the
when
30
32- remaining
"
the directors' qualifying shares, bought by the
each.
AIL 40,000 shares, of $50 par value, are now
Lewis land Arthur J; Sinnott, trustees for the
W.
have
York
New
the
M.
■
Edward
Dr.
:
542,127
Capital
Co.—Earnings-
Ffeiffer Brewing
Quarters Ended Mar, 31—
after deprec., etc., but
92,498
on March
transfer of
the
mutualized
for cancellation.
company
were
Vivian
by
the
to
company, at. $455
750,000
.(par
stock
shares
-These
,•(.
197,787
contingencies
of
.■policyholders.
'
,
Inventory and commitment conting.
Storage Battery
Profit
Government contracts
on
was completely
directors
met
to order
company
of
held
62,267
398,230
for
Deferred
for the 12-year period, had aver¬
aged a return on investment of only 2.10$, and that in 1J4« the l ate.
of return—the best the company had realized m the 12 years
was
but 3.04:,
v. 157, p. 1304.
/
•;
i
150,525
A-
guaranty-.
warranty
less than the blate
return upon the value
'
1,127,550
110,566
refrigerator
Common 1 stock
the Pere Marquette,
that
add
He
.
6,744,760
20,641
;AA
liabilities
for
Reserve
railroads for the 12"y.^'v^ei''0^
with, the stimu us of heavy war
the 1942 return was 5.56V , which is
which Congress in 1920 declared to be _a fair
of urooertv used in transportation service,"
traffic,
7,121,339
'_
,
*
This
board
shares
345,980
513,394
taxes
customers
Reserve
materially to the wage costs
of all Class I
2.44V.
Even
investment
on
with
ended
for
',;■
66,663
85,926
344,530
Reserve
further wage_
for
to
Shifts to Mutual Basis—^
1,250,000
Govt.
'
Reserve
increases^ wliich,
otthe ■iail:loac1.
"Lest one think these proposals are made because the lailioads xan
afford them, let us point out," said Mr. Bowman, "that the aveiage
rail
of
State
and
allowances
Miscellaneous
railroad industry, Mr. Bow¬
man
cited
increases on April 5,194J.
These rate increases were authorized by the ICC to meet m pais tne..
wage
increases
granted in 1941.
He mentioned aiso tne cuircnt
demands
Federal
S.
U.
and
royalty and other expense*;!;—AA*—*: V.'V
Employee war bond accounts**—
A-——A*
having
granted, would add very
refund to
payroll
voluntary
commissions
Accrued
serious implications for the
the cancellation of the rate
As
$28,936
2,381,586.
$4,666,636
Accrued
must be paid out m
available since at least 40$" of it
be kept
for
Provision
Accrued
Newark, N. J.—
Prudential Insurance Co. of America,
•
Accounts
very
quired," he asserted.
"The ICC permits setting up, in a cash reserve
fund, amounts which should be spent for normal maintenance but
which, under present conditions, cannot be spent.
However, this per¬
mission is of little yalue because, under the present tax laws, the tuna
taxes.14.
•
payable, other than banks or trade
payable,; trade—*——*vA—_—..—
Accounts payable, subsidiary not consolidated
Notes
heavy
is
Liabilities—.
.
the present,"
of
needs
Monday, April 19, 1943
& FINANCIAL CHRONICLE
THE COMMERCIAL
1466
1941 when
allocated
account.
The
no
excess
among
the
amount
in
on
this
excess
income
account,
profits tax accrued.
three
allocated
divisions
to
of
income
all
on
was
profits taxi
These
the
"from
corpors
$32 117 51
in
1942
an
amount
consolidate
investmer:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4169
157
operations" for the year, 1941 embraces the "tax Imposed
company dividends received- by Pullman Inc; in- that year.
,
•
"
't
'•
Consolidated
'
Balance
Sheet,
31
Dec.
through the direct air express service at more than 350
airport cities, supplemented by rail express service to the 23,000 offairline offices served by Railway Express
Agency.
inter-
on
.
7 \ •" V'v.•=
•£.
-
-'U.
S.
>'*U.
tax
Treasury
S.
.732,537
Accounts and notes receivable.—**;——!'*-.!• 38,364,351.
'Equipment -trust and other deferred-payment £%'£%.-.> ■
accounts
•
car
subsidiaries.—'——'
Munition Contracts (contra>—
Cash
737,276
18,028,361
,,
of work
cost
in
2,868,406
759,035
investments
(inv.
reserves
U.
in
assets.
Total
Govt,
S.
sees.)
*
taxes
Advances. on
358,164
2,489,791
employe
£'■■■' 337,938
'.——Li-
benefit
35,933,032
19,059,217
V
for
experimental cars and installations
Reserve
for
deferred
maint.
Reserve
facturing plants and
Genera)
cars—
subsidiary)
15
and
declared
9.73
($100
Additions
Funded
interim
an
dividend
of
cents
15
per
preferred
during
—V.
the
in
company
29.—V.
that
disbursed
year
usual
and,
—
quarterly
addition,
in
171.
157, p.
V.
extra
an
dividend
dividend
of
25
of
cents
25
per
share
per
on
special
a
-
of
25
cents
was
paid
on
Dec.
!;''
;
Reece
-
3,190,836
Brooks
87,231
8,813,049
132,115,880
132.115.880
5,926
—V.
has
Whitehouse
other
All
officers
156/
been
elected
re-elected
were
Clerk
the
was
as
succeed
Robert
board
of
5,926
parji
(Robert)
1,738,000
5.797,676
in
Company, Inc.—Annual Report—
10,250,000,000 rounds
the
United
States
converted
report, to
ordnance
in
to
of
1942
war
small
ammunition
arms
produced by
was
production,
it
is
the
com¬
revealed
in
stockholders.
plants,
brought into production during the year,
five the number of
Government-owned establishments being
operated by the company in addition to its own
facilities, C. K. Davis,
President and General
Manager, stated.
The company had approxi*
mately 69,000 employees at the end of the
year, 40%> of them women,
compared with 4,000 at the end of 1939.
for
the
Net
year were $127,176,106, about 100%.
greater than in
for 1942, after
setting aside $4,000,000 for contin¬
extraordinary post-war expenses incident to
the
war
income
and
amounted
year,
in
The
Show Gain—
Co.—Sales
&
90,464,264.
to
to
$3,354,024,
Sales
do
contracts
with
exceeded
compared
not: include
Government-owned
fixed-fee
Reis
surp..
surp...
85,334,158
:
completely
production
49,388,967 £ 48,936,567
through income &
3,441,163
88,182,238
90.504,748
1.738,000
16,476.346
478,924,252 467,027,069
new
raised
tured
964.
p.
374,635
2.917,438
through income &
1366.
ceding
Hale.
476,777
9,156,891
503,000
balance
company's annual
Sales
directors.
470,460
—
'
retired
period,
to
entire
376,970
14,737,116
property
p.
now
gencies
Machine Co.—New Clerk—
Folding
769,595
317,215
accrued
Nearly half of the
the
cents
769,595
liabilities—
manufactured
both payable May 1 to holders of record April 20.
been paid each quarter since and including May
stock,
amounts, have
1941
declared
have
11,741
...
—
declared-
Remington Arms
■
157, p. 1091.
to
1,768,750
13,178
credits
debt
45,171
1,756,822
——
liability
and loss
157,
stock,
1942,
Oct,
on
-
409,222
Total
stock, and
cents
the
common
22,
"
135,616
(a
of
I,; 1941,
„_
9,340,511
Co.
have
directors
share
508,256
3,190,836
-
credits
Pullman
175.10
17.61
'
!.
accrued
liabilities
Unadjusted
Two
The
4,681,288
fJCapital Stock—Pullman, Inc.-,—7_t—_The
19.35
Deferred
$192.52
235.94
1941,
Pullman equipment-
-L-—^-1-
reserve'
Mar. 31,'42
,!' $224.67
tax
current
1,824,236
4,612,434=
unpaid—
rents
Accrued
Other
manu¬
Other .reserves
Deferred
each
-VI-'m
Raymond Concrete Pile Co.—Extra Dividend—
the
2,000,000
of
matured
interest
Profit
stock
common
'Like
2,743,910
contingencies——
re-adaptation
post-war
7
Pullman
of
for- manufacturing
for
1
249.33
the 6%
on
extra
395,391
508,256
-
:
payable
unpaid———,
2,219,054=
4,253,707
payable—
wages
5,359,736
2,072,639
accounts
matured
69,989,100
5,009,817
2,234,893
balance1 payable..*
service
car
dividends
pany,
2,196,535
.
399.891
Reserve
Reserve
2,336,363
$231.75
the common
on
share
the
•
7,629,322
casualty■■ liability
for
;.v
the usual quarterly dividend of $1.50
both payable May 1 to holders
of record April 16.
Like amounts were paid on Feb. 1, last.
In addition to four interim dividends of 15 cents per share
paid on
8,678,970
(contra).—
plans——
available
Mar. 31,'43 Feb. 28.'43
share„_li__«—.
directors
share
per
an
_
contracts
for uninsured fire and
Reserve
376,364
473,751
:
1
—
munition
for
•Reserves
common
payrolls..--':
$20,234,747 $21,209,500
due, incl, prov, for Fed.
and
not yet
taxes,
income
;
3,174,729
;.
*—
41,970,600
106,606,968 113,304,968
Unmatured
Dividends—
The
282,074,445 233,767,468,
\
Accounts payable
Accrued
Per
of .assets
follows:
as
preferred share
36,059,359
—
charges-,-
—————————'j.—**--<
,.
values
securities
$100. bond,^%-^—
/
79,723,049
33,447,945
of
aid
Dividends
>
:78,748,472
—_——
Liabilities—
market
outstanding
Per
2,885,087
/.,•%%%£%;;■-:i/-\£''%'••>%
Prepaid expense and other deferred
Other
its
Per
Jf526.003
662,684
Equipment and Property—
properties
•^Manufacturing properties
Funded
reports
company
Of
,
♦♦Carrier
27,991,150
41,970,600
69,989,100
!—
___—
affiliated companies
construction—.
Unmatured
The
class
;:484,30if %/- 484,301
Poreigiv ——-———I,:—;—''—i——:
27,991,150
—
1—
to
Unmatured
Companie^;; <•
if Domestic
.([Other
Interest
35,971,821
16,190,8116,870,287
:
in
Miscellaneous
program.
Railway & Light Securities Co.—Asset Values—
process'and invent
Affiliated
in
Investment
__1„—
Audited accounts and
more than 50 %<
of the agency's business is for the
He said that revenues have been expanded considerably
because of the unusual nature of the traffic handled.-—V.'
157, p. 1275.
;war
16,170,956
Grants
Traffic and
considerably
now
-
deposit—;
on
tUnreimb.
■
',
T
'
stock
preferred stock—
stock -7—
Long-term debt
Non-negotiable debt
E.
Woodruff, President of the Erie RR. Co., has been elected
'a director. v'■
'
'
L. O. Head, President, said that the character of the
express busi¬
ness
had changed materially since the .attack on Pearl Harbor and
w-'J-Jai'—J—2—:il—6,586,414.
8,688,998
subsidiary—12,588,089
10,466,644
manufacturing
'Inventories,
<
Robert
carrier
Inventories,
preferred
Common
.
notes—J—1—„■_—!26,162,078
savings
securities;'—T-;—;—-!%-!£:/v-
ft'other marketable
LiabilitiesFirst
Second
New Director—
; v,''% "
1942
r'"1941
-.112—$27,237,053 $23,617,647
Government securities—.I-;7.——15,692,069
7,867,126
Assets—
■Cash
1467i
-possible
the
plants
the
with
the
Government.
$239,000,000,;
manufacture
of
products
$3,058,839
value
in
or
of
The
in
the
products
total
pre¬
manufac¬
plants
company's
value
under
of
such
:■
for the
company's
commercial
market
was
■■■■
Total- ————„282,074,445
•$75,840;
for* accrued
Less unpaid
of
$1,999,999.
of
$184,291,159 in
of
reserve
Quarters Ended March 31—
233,767,468
Consol.
♦Earmarked
([Less
■
Federal
vouchers of
and
$39,927,066 in
1942
1942.
in
of
reserve
§Less
—V.
shares of
no
1941.
ttLess
i;'"
% ;!
normal
ward
Power
minated—
;
Stone
Stuart
&
Light
Co.—Agreements
Co.,
and
Inc.,
cently offered
as
Blodget,
of
managers
$52,000,000
Inc.;
Lehman
the
Bros,
underwriting
and
Ter¬
Average
*•
Account
issue
the
removed.
Commissioners
(Everett)*
District
tion.
v.
157,
1364.
Mail
contended
the
Utility
condemnation
as
set
District
in
/;
The U.
S. Supreme Court
has dismissed
by Federal District Court
decision
a
effect
1932
a
brought
decree
consent
&
Radio
against
Corp.
of
America,' General
others.
Electric
the
of
the
appear
requested
was
by
the
Justice
!
The
•
indicated
Department
dismissal
then
\
*•••:.■.* vv—
*.
.
motion
for
was
Co.
equipment.—*
that
new
the Government's
Wins Star On Production
action
.,
P.
Patterson.
expenses
of
tenance
of
War.
Net
Total
%
,
12,596,089
10,227,524
858,105
841,105
841,772
27.556,101
23.643,642
22,157,418
316,830
the
high
Period Ended Feb. 28—..
:
49,087
$73,664
98,547
$104,111
189,339
"$24,883
"$85,228
; ■
Jnc.£
communic.
i,8i6
"$9,403
income
Operating
Ordinary
income,
"$45,052
"$11,219 >V
revenues,.;!
,
3,633
;
£
"$45,052
'
.
"
$85,228
non¬
350,151
'312,309
578,791
$305,099
$291,059
*$493,563
140,243
communication
cars.
ord.
$130,840
income.,.
188
income
Net
375
$130,840
from
$304,911
$291,059
$493,188
106,890
265.819
235,780
385,638
inc.__
net
transfer,
•$39,092
$23,950 '
$55,279
'
9,318,064
5,540,321
4,480,363
$107,550
1091.
157, p.
Agency,
50'in February—
Significant
the
of
.
increasing
:
use
Inc.—Rail-Air
••
of
\
-
a
Express Up
Miscell.
of
rail
and
shippers located at points not directly on airline routes
February figures for this traffic,
recently released by the
are
the
Air
Express Division of Railway Express
an
estimated total of
114,210
air
commercial
nation's
tlie
35 <; i
transported
airlines
in
Agency.
in
air.
rail,
revenue
was
of
.
to.
113.5%,
increased
off-airline
this
destined
while
268
for
shipments
the
number
city,
which
or
either
moved
originated
part
way
by
while revenue from traffic moved exclusively
the report indicated.
The number of railincreased 50.6%
over
February,
1942,'
air increased only 26%
air
buincss,
non-airport
a
,
February
of
aii-air
shipments
for
the
same
period
movement
tProv.
Prov.
decreased
this combination
rail-air
traffic
1942
the
profits
net
Calendar
Profits
for
such
corresponding
taxes
income
for
1942
available
■,:•■:••"
for
sub¬
are
Excess
$24,100,000
than
excess
the
/
for
.>!.
.
Years
1941
.$127,176,106 $62,627,282
10,332,300
3,913,067
.
Dr3,189
$1,930,117
Income
%
$1,173,985
£)r$720,493
$744,871
81,177
225,566
188,243
79.174
55,635
44,752
6%-
Dividends
on
Miscell.
Int.
Int.
%
"Net
Total
taxes,
is
made
:
JPaid-in
and
the
the
$1,940,923
$1,995,481
$1,921,812
18,093,462
15,456,287
13,852,816
2,815,544
_
;,
of
on
139,109
161,492
5,081,031
80,312
52,322
41,717
;
6.632
6.769
6,910
484,166
445.588
412,322
491,204
$8,492,193
Deposited in
Bonds
$8,763,258
$9,029,070
9,330,204
6,427,217
#120,000
road
on
lieu
leased
of
physical
in
:
.
1,120,000
1,120,000
Other
Total!:
4,721.651
current
1,399.782
$2.59
$1.37
."'•:.
"-
Sheet,
Dec.
the
1942
bonds
com¬
"excess
payable
property
sold—
!
companies—Stocks--.
•
S.
other
U.
S.
Govt,
agents
31
receivable—
supplies;'.——
—
Liability
U.
to
tiation
Federal
307,565,562
""Prov,
for
45,507,580
Pension
883,459
12,916,462
13,029,996
45,748,112
—
—
Reserves
6%
13,781,843
737,476
11.39,9,570
English co.%
9,605,227
13,468,141
69,145
120,978
302,938
303,144
.
company..
profits
excess
19,432
14,898
9,542,426
—
.
10,202,372
62,557
79,582
429,934
"
462,621
3,828,821
7,400,242
15,648,741
—$102,695,882 $59,270,381
'-.W-i-:';'.-.V%7K;!>%;,
$3,481,272 §$1,725,749
accrued
and
under
Govt,
accrued
.T'¬
8,486,235
liabilities-
advances
contract
5,226.266
4,968,616
1,924,789
([13,974,064
deposits—..
457,056
excess
from renego¬
contracts.—.
12,697~904
resulting
materials
and
liabils.
contracts.——.
profits taxes
14,000,000
(est.).
27,615,737
employees und. bon. plan
14,112,521
475,430
335,606
2,880,881
2,065,949
5,594,701
1,304,701
—
preferred
stock
($100
3,684,800
par).—.
3,684,800
2.000,000
3,776,779
387,006
80,347
S.
*..$102,695,882 $59,270,381
1941.
215,587
1,141,611
liabilities,
916,821
and
$403,431
in
amortization
accounts
in
in
1942
t (Includes
J Less
1941.
of
in
for
reserve
$17,531,798
1941
restricted
to
accounts
of
doubtful
reserve
in
1942
for
depreciation,
and
$14,154,344
;
payable
charges
$91,062
$5,063,965
tLess
7 '
(1 Less
of
1942
notes
to
E.
process
and
I.
of
du
Pont
de
settlement,
$132,926
in
receivable.—V.
1941
157,
p.
Nemours
$21,837,890.
included
in
&
Co.,
""Ex¬
current
997.
14,578
452,837
and
and
in
contracts.
:
includes
clusive
134,277
1942
obsolescence
in
$20,396,938
Government
$150,582.
228,812
7,493,140
>8,698,956
"Including
U.
1,564,829
405,758
7,493,140
—9,583,950
$36,624 in
2,082,098
(par $1)
Total
5,933,930
—-—
432,631
contracts
contingencies
stock
•
7.416,105
——
10,013,600
tt6,639,991
1,555,706
:,„!i%l7'!
contract
awards to
for
Common
Surplus
2,295,882
——j.—„
to
£'!%
other
S.
war
cumulative
45,732,791
Reo
The
——————
of
reserves
-——-
receivable———————
assets
29,089,700
etc.—
(trade i
payable
income
—
-
owned
Brazilian
respect
and
and
$
7,980,972
conductors
owned
fixed-fee
1941
3,835,794
&
advs.,
receivable
100%
to
% .'•,:■;%■%;;■•
accounts
11,435,011
i
—
.:
1941
$37,742,440 $16,790 413%
2,600,000
Government
2,000,000
^
31
(tax series);*;.-
under fixed-fee
with
payable
payable
782,228
railway property
Dec.
.
$
.
notes
investment
45,467,799
.
Sheet,
receivable,
accounts
50%
309,667,733
•
Unadjusted debits
Total
excess
reduced by $2,600,000, the
f!Includes $10,415,000 Federal
properties—
Foreign govt,
receivable——5,988,
assets
1942,
its
(trade).281,341
Govt,
advs,
in
Liabilities—
1,120.000
1.399,782
$4.66
Balance
' '
'
dividends
the
has been
*
Accounts
property
accounts
and
Interest and
of
of
issue
»■ —,
&
Accounts
equipment—!
from
Act
—„
14,159.298
receiv.
,•■'.■•■
10%.
will
losses
capital
$9,131,165
'
Temporary cash investments—
!
——9,000.000
Spec'al deposRs'
_L——525,632
ann^bMs.
7,4.93,140
$0.38
income,
on
trademarks, etc, (less amortization!
Prepaid taxes, insur. and other def'd charges—
1,680.000
———————
balances
less
■
.
Revenue
Government
Patents,
1,400,000
.———
Deferred
S.
and
1,680,000
$8.92
—
the
.
(estimated)
1,400,000
—1,399.782
affiliated
investments
Materials
tax
$ Plants
1,680.000
———
Advances
Balance
Treasury
credit
Post-war
1,400,000
mortgaged
Cash
Net
U.
in
Invest,
U.
and
-
.
taxes
post-war credit,
■■
Government
1,680,000
■ '
Notes.——.
Loans
S.
,1,400,000
'•
the
profits tax
accounts
1942
in
$8,698,956
v
$0.41
.
1942
Miscellaneous
com.
'.v
....
Under
which
etimated
States
Due from
38,628
6,498
,.
Assets—
'
221,088
1,498,628
operations,
.
post-war credit equal to
a
!■••;■.
Investment
170,324
$50»
from
,
Federal
———————————————————
Miscellaneous
stock
(par
shr.
to
Excess
the
Inventories
5,047,496
.
—
for
$23,400,000.
against
war.
of
3,214,071
137,828
3,211,332
.165.155
(4% L.
com,
per
-
137,254
171,464
_
(2%)
outstanding
Earns,
2,957.149
4,999,157
(4%)
divs.
221,088
2,247,942
Assets—
U.
4,793,639
charges
divs.
stock.:^.
—.
profit
:
!
V
tAccounts 'receivable
discount
divs.
pref.
is
■
2b,595
* •
15,291,000
pref.
Common
net
provision
pany is entitled
after
and
paid.
total
."Cash
133,923
debt-
deductions
Second
surplus
dividends
§Of
134,681
13,012
26,681
28,440
income
Net
preferred
slock—
excess;profits tax.
rentS-T_%v£ %!- 140.570
income
7,359,833
discounts,- returns, allowances, delivery charges and excise
tResulting from
renegotiation
of
war
materials
contracts.
amount
23,783,193
of
funded
v.
of
729,390
•■;!-"!/;;):£!
unfunded debt.
on
on
$3,058,83.9
8,698,956
share...;*v;.
per
406,872
39,344
accruals.-:-
4,000,000
^Surplus at the end of year.*—$9,583,950
shares outstanding—
7,493,140
402,035
% $2,061,454
tax
§24,100.000 tl 13,376,000
year..—j.
cumul.
727,511
35,469
funded debt——
on
of
common
410.843,;:.
non-oper,
roads*
1,030,020
14,000,000
$12,052,980 $10,418,672
765,569
'
income--
leased
S.j Government—*-£_
State income taxes-
beginning
427,393
Gross income
for
787,054)
495,478
$3,354,024
on
unfunded
other
U.
3,358,428
760,612
contingencies-.-.-;.—
839,830
accounts—
income
to
Dividends
United
Total
at
profits" tax,
secUrs.
and
3,246,843
facilities..—
emergency
income
profits tax
236,495
"
from
secur.
Miscellaneous
:
for
^Surplus
982
40,028
; •;,•;! ■"■%.£i"■
392,231
393,721
424,216
404,862
.
.
fund.
of
Common
344,587
income
from
$137,508,406 $66,540,349
87,551,449
44,930,008
exps.
depreciation and obsolescence.
for Federal and
Earnings
•
Dividend
•Inc.
charges.——_
oper.
administrative
payment
Provision
478,924,252
467,027,069
Motors, Inc.—Listing—
New
York
Stock
Exchange has authorized the listing of 500,000
common stock
($1 par), in exchange for the
presently out¬
standing voting trust certificates, upon termination of the
voting trust
shares
of
for
65.701
shipments.
Expeditious
amort,
£^787,176
246,009
M'scellaneous
.Gross
for
for
0x5,163
profit
Other
shipments handled
February, 29,646 shipments
express
combined rail-air service, the agency
said.
Average revenue per shipment oil
rail-air traffic was 32%
higher than
the average revenue of shipments moved exclusively
were
'.■■;-
■■
Account
and
and
Prov.
£>r779,736
property
oper.
sold,
Provision
34,333
phys.
non-oper.
Investments
air
by
express
-;
greater
and
times
revenues.—.
general
Drl,205,129
property
Separate
Miscellaneous
'
;
combination
goods
98,128
.
*
Investments
Express
of
Selling,
Drl.487,403
—
Improvements
Railway
income
seven
Total
Cost
i.'"
income
rent
»
"Loss.—V.
$11,000,000
than
of
17.131,860
to
surplus-:..-'
$39,612,689
19,745.998
General
inc,
earned
by
$52,921,507 $44,051,977
26,644,588
income—
Non-Oper.
Shares
Deduct,
provision
1,597
$23,651,857 $17,326,524 $14,205,677 $12,651,497
net
Total.
First
'
Gross
or
7,294
'
Miscell.
"$21,250
operating
,
Rent
: "1943—2 Mos.—1942
$50,259
95,311
$37,868
deductions..
oper.
Other
at
1,584,453
15,040.988
equip, rents, net..
Joint facility rents, net
Amortizat.
Net
by
214,132
1,529,470
38,692.845
oper.
inc.__
oper.
ry.
Miscellaneous
1943 -Month—1942
H:
revenues-.—
Operating
or
217,141
1,601,958
Other
main¬
Army-Navy
Operating
over
239,911
1,748,233
_
Radiomarine Corporation of America—Earnings—
Of
■.
3,411
Other Oper. Income—
Deductions—
Net
Other
16.130,282
::
ry.
Hireoffreight
.
■
The
"Sales
4,588,987
.•
production standard a white star has been added
"E" flag, presented to the workers at the plant
OI1 Sept. 8, 1942.
■
r, '.
i.;■'v
"£
i'
£'■
The
Army-Navy "E
flag awarded to the RCA Victor plant at
Camden, 'N. J;, now has two stars, each of which symbolizes six!;,
months of maintaining high standards in production.
The Army-Navy
"E" i>ennant also has been presented to the workers of Radiomarine
Corp.. of America, which in addition has been awarded the U. S.
Maritime Commission's "M" pennant and Victory Flag.—V. 157, p. 1364.
the
respect;
1942
633,707
5,231,824
$63,990,872
from
rev.
M scell,
mark
with
$14,000,000.
806,082
6,538.561
.
Railway tax accruals
%!
To
of
the company for
Federal Income and
for
out.
Federal
more
Income
Net
might
Front— ^:W£-
Secretary
Under
1941.
rate
■£%■%"-''••'•■%',
1,101,756
33,147,391
Total
The Army-Navy Production Award for meritorious services on the
'production front has been won for the second time by this corpora¬
tion's plant at Harrison, N, J., according to notification'-received from
Robert
pointed
dividends.
820,593
Transp. for invest, Cr-i.
the
motion.
amount
earnings of
approximately
in
3,203,917
8,252,157
19,634,400
operations
'
■yhe companies opposed
to
819,128
the
net
maximum
report
was
in
taxable
to
and
:7'-*
by
-
891.862
of
General
Department
;
denied
profits
amounted
1,237,663
!'!%.:£•■
-
struct.
&
Miscell.
been
District Court which
ruled
that the decree
conferred benefits
upon
the defendants and
could not be vacated writhont evidence or an agreement for dismissal,
•
813,179
26,829,700
-$102,683,7jl7 $79,566,095 $63,797,976 $56,744,549
Transportation
Supreme
taken;
The
of
the
taxes
Department
contracts, in accordance with the Sixth Supplemental
Appropriation Act of 1942, as amended by the Rev¬
1942, the company has been called upon to return to
the
entire
taxes,
1,660,220
.
was
interest."
t>e
Act
1,003,272
2,249,625
Traffic
•
Court had agreed to review the controversy.
No
given for asking dismissal.
;
The Department had
asked the District Court to vacate the con¬
sent decree on the ground that it "does not now promote the public
reason
3.137.989
1,218,966
way
.*.-v-...■'%''V'-''-
Dismissal
after
had
that
3,626,088
1,183,626
Ry. Oper. Expenses—
for
charges
31,199,791
jomt facil;.
Total '
,
Justice Department appeal
Del:* thereby leaving in
a
anti-trust
on
41,455,385
express-_.___
Maint. of
Itadio Corp. of America—Consent Decree Stands—
from
1,450
■■
Federal
too high to permit aquisibe about $4.000,000.—
j
•
1,449
\
$26,582,809 $24,169,386
51,677,553
Maint.
•
.1,435
1939
"
Defense
provision
operations
Incidental
should
price
1,425
1940
.
•
renegotiations with the War
materials
war
National
enue
of
ject to the 80%
7,291,197
and
Miscetl.
County.'Public
on
District
p.
Snohomish
1941
Years
Ry. Oper. Revenues—
Passenger
7
the
abandoning the $9,500,000
Puget Sound properties
are
Court
The
of
for. Calendar
1942
operated
miles
Merchandise
first
to
/%;
■.'
result
a
The
$39,062,750 $31,007,950
mortgage 414bonds announced April
9 t hat .subscription agreements had been terminated and all restrictions
on
As
Ed¬
Government
Income
Halsey,
that re¬
group
of
low:
•
,
.
Webster
&
&
remarks
Scheer, President,'were cited in our issue of
April 12," page 1357. Our usual comparative tables fol¬
:
Sound
Puget
Report—The
W.
% .<*['■]
■' '
•-
,
Co.—Annual
Reading:
-
and
734.
p.
$1,310,744
1093.
p.
on
a
restricted
basis early in the year
and. except for a fewminor items, was discontinued
completely in June in compliance with
the Government's conservation
order,
As a result, sales to the com¬
pany's commercial trade amounted to about one-half that of
1942
$1,524,542
years,
depreciation
value.
par
157,
1943
and subsidiaries
co.
reserve
$39,305,470 in 1941;
ftOutstanding
§§Foreign subsidiary de-consolidated
in 1939 on account of war conditibns in
France, and investment therein
included in 1941 at carrying value and written off in 1942.—V.
157;
•3,302,897
of
gross sales
reserve
depreciation
'"Less
$177,593,733
+Less
taxes.
$10,171,689 in
of $532,298.
reserve
1942
income
of
entitled
become
will
stock of the
represented by such voting trust
of shares
(incl. unbilled
sales
Net
.
contractfh/igST^;
C<STSe^.^-l:
$61,317,126 $53,348,680
9,428,828 33,073,605 27,085,950
$22,794,213 $18,647,168
13,583,786
L--.:—
$9,210,426
$9,218,340 $28,243,521
SeaifdS'gener?linwpreanTes
4,995,395
V 5,737,190 15,056,374
16,447,704
$4,215,031
154,530
$3,481,150 $13,187,146
180,917
462,481
$9,815,026
578,2o4
'
oper..;
from
Profit
income
other
and
Profit from oper.
$3,662,067 $13,649,627
$4,369,561
income
other
and
debent..
for conting.—
of prop,
not
Provision
Expense
■
173,000
•*U.
profit
Net
depreciaof prop, charged
tion
profit and loss
to
Y
5,075,133
$3,324,301
$4,563,926
1,075,635
658,261
:
,
:V. ^
.1.
•
232,739
620,428
,
1942 for excess profits taxes,
credit totaling $950,000.
$9,500,000 in
"Including
9.668,205
$1,261,644
$1,121,101
———
47,117
2,108,161
for
Provision
}
29,680
16,117
: 3,075.061
(est.)
income
on
•
in
less debt re¬
credit and post-war
tirement
and cash funds—$8,519,881
U. S. Treasury tax savings notes—--..——:——/'
100,440
tAccounts, drafts and notes receivable——
17,094,502
fees
and
costs
Unbilled
cost-plus-fixed-fee
on
;!
contracts _—;————•/Reimbursable exped. for production
accounts
2,185,824
p.
Advance
on
Dividends
payable
626,793
$29,030
21,605
17,005
45,018
Cr8,019
preferred stock ($25 par)
900,000
Capital
($1
inc.
fr.
1,743,040
Net
8,836,550
;
class
April
Cash
20.
issues
$1,
par
12V2
to
—V.
33,439
the
of
dividend
and
common
stocks,
B
common
share has
payable May
April
during
1942
Nov,
1943
.1
—
11,108,183
9,030,673
profit
1,721,381
119,056
846,554
depreciation—;
operations
depreciation——..
from
for
123,618
•
Provision for
$386,936
225,996
stock.—
common
on
336.000
$477,824
applicable to common stock____
income
Dividends
1,124,500
income & excess profits taxes
Fed.
a
of
Balance
net
income
undistributed—....—
addition
247,974
3,069,178
have
been
/
Balance Sheet,
r
if the
$3,069,178
to
a
1942'
1941
23,801
29,901
2,323,667
60,828
2,432,664
42,157
$6,129,913
$5,768,602
$117,500
480,033
$160,000
409,645
hand and
on
accounts
deposit
receivable
__
Sundry investments (less reserve)—.
...
Real estate, store fixtures and equipment (less
depreciation) '
charges
■—
-
Deferred
——
—.....
;
Total
;
Liabilities—
payable
payable
...—_—
Accounts
Provision for
Common
Earned
(125,000
no
in
par
treasury
336,000
88,156
962,500
500,000
500.000
shares)
500.000
"3.069.178
Dr256.877
$5,768,602
3.317.151"
.....
...
371,577
100,530
1,000.000
500,000
$6,129,913
stock
surplus
Common, stock
(12,002 shares)
Total
P*» -2»60.^
exhaust
t
..
, -1
V,
y.
1
»'«■
allowed
of
(
Sheet,
$177,834;
'
»
in
May,
$16,970.57
at prices not
to exceed par
to
Power Co.—Earnings—.
Federal
the
6 Mos. End.
Other
per
as
1942.—V.
and
937,406
8,889
125,175
110,439
28,666
415,504
307.252
;
26,247
taxes
22,150
Y
$65,702
income
Gross
Retire,
VYY
1st mtge.
—V.
"
$70,211
13,785
166,597
165.744
$651,850
$786,283
8,125
97,500
90,164
340
5,040
$47,961
$549,310
8,125
bonds
248
210,000
___
p.
similar
stock,
against
cents
30
will
been
4%
of
made
be
in preceding quarters.—V. 157,
Redeem
called
for
redemption as of May 15,
New York, N. Y.—V.
.
Oil Corp.—Proposed
Consolidated
Oil Corp.
The
stockholders
157, p. 1092.
New Name/
above.
in the near future are expected to vote 011 a
posal to split-mp the common
—V.
157,
the United States Pipe & Foundry Co,
902.
p.
Smith Corp.—Earnings—
(A. O.)
Wholly-Owned
Subsidiaries,
Sawyer Mfg.
Smith Meter Co. and
Co.)
1943
all chgs. but bef. taxes. $14,876,247
1942
$1,468,318
1,065,097
367,326
Quarters Ended Jan. 31—
after
Prof,
State income
Federal
and
Federal
excess
•
Net
income
Earnings
—V.
per
157, p.
pro¬
stock on the basis of five shares of $20
of present $100 par value stock.
par value stock for each share
The company is controlled by
(And
.»•
1943, a totals
Sloss-Sheffield Steel & Iron Co.—To Split-up Stock-
(& Subs.)—Earnings—
the 6 months ended Feb;
:
of Debentures-
$269,500
debentures due 1952 at 101 Va and interest.
Pay-:'
at the Chase National Bank, of the City of New
11 Broad St.,
Sinclair
-V
v: '
Co.—To
have
$269,500
See
share
per
,
Simmons
York,
Dividend-
cents
25
1092.
There
361,344
per share has
been declared on the no par
payable May 10 to holders of record April 30.
distribution was made on Feb. 10, last, and on Nov. 10,
of
common
as
210,000
;
Silex Co.—To Pay 25-Cent
1942,
6,048
$690.0
291,333
1276.
p.
Dividend
A
Y.
$43,465
dividends
157,
value
company's losses believed to have
compared with $7,809,745 in
158, p. 1366.
3.628
$952,028
dividends
Common
mcnt
common
3,663
$818,447
DrllO•
$56,426
charges (net) „/
Preferred
of
1941
$2,502,273
270.011
$948,400
$51,839
income
income
Net
In order
1942
$3,593,848
^
13.864
accruals
reserve
on
company
1943
$5,183,117
248.722
$814,784
24,609
,
V* $70,321
119
,
.
,
*
$65,583
(net)
income
935,079
ex¬
"
•,/.;r.
••■•
profit
—
share
$3.77
$2.49
$1.61
"After depreciation, interest, provision of $769,000 for contingencies
in 1943 and Federal income and excess profits-taxes,
.
- ;
tOn the 1,260,000; shares, of common stock,.
Not*—Profit before taxes for the 6 months ended Feb. 28, last, was;
"Consolidated net
76,086
8,415
income
Other inc.
Islands.
Feb. 28—
$208,570
68,171
•
Utility oper. income./
v
-
$190,566
/
—
profits
-
1943—12 Mos.—1942
$2,571,181
$2,541,591
1943—Month—1942
revenues
Maintenance
Int.
Co., Ltd.—Status—
remain.
Bonds—
will
company
'
the
1942.
which
Philippine
$18,482,117
concentrates at mill and in;
$141,491; deferred charges,'
and
accrued, $37,410; taxes accrued, $33,967; reserve for accidents,
(798,819 shares), $3,994,035; surplus, $2,644,246;
157, p. 734.
•' ... 7;-' •.
■
Other taxes
or indirectly, of enemy action in
They have notified us that our letter hasbeen
filed
to receive attention in
accordance with whatever policy
may later be formulated in regard to such losses.
"On Aug. 26,
1942, John L. Fleming, and officer and director for
many years, met an untimely death.—V, 154, p. 58.
28,
,
ores
mining
$6,819,135.—V.
cess
v
by the Honolulu agenpy, Bishop Trust Co., Ltd.,
of tax and legal counsel, are absolutely essential
Carlos company is to continue as a corporate entity, ready
balance
Earnings
$98,350
1943•/-
31,
Dec.
U. S. Govt, securities, $150,000; accounts
$204,229; miscellaneous accounts receivable, $1,282;
Operation
course,
from
(
.
I;v';
157, p. 821.
Schenley Distillers Corp.
X>r256,877
——
personal property, and other taxes
Mortgage note payable
....
■
Note payable to bank (due after one year)'
Accrued real,
275,975
—
$924,843;
(trade),
Operating
1943—4 Wks,—1942
1943—12 Wks.—1942
$45,343,592 $45,239,768 $133,874,240 $135,524,471
stores in operation on March 27, as compared
Washington apprising them of the
been suffered as
a
result, directly
the
$374,325
$17,521
,
depletion
Sierra Pacific
;
to secure some return on the large
was fortunate in having outside of
the
Philippine Islands/and at the same time maintain safety of
principal and reasonable liquidity, most of it was invested in U. S.
Tax Savings notes, series C.
As of Dec. 31, 1942, these notes totalled
$300,000, while cash balances in banks and agency totalled $82,367.
During the year 29,692 shares of San Carlos stock changed hands,
being transferred on the books of the company,
I
"We
have
written a
letter to
the War Damage Corporation in
Federal income and excess profits
(net)
taxes
line
30%
cash
$835,540
1,154,129
1,169.462
41,000
63.748
Notes
August and
Commission.
efficiently with the difficult post-war problems it will face
with a policy of conserving resources, the directors approved
reduction in local agency fee, offered by the Honolulu agents,
effective
$1,249,593
(less reserve)
805,643
Merchandise inventories
—1,535,765
Creditors' debit balances & sundry receivables.
66,463
Real estate not used in operations..—"<■
64,153
on
the formal approval of approximately
bonds paves the way for the Court to
expenses
San
cope
In
Jan. 81
Assets-/
Customers'
the
and
$249,518
231,997
depletion——
redeem on Oct. 1, 1943, $2,224,000 principal
amount of 4%
25-year series F first mortgage and collateral trust
sinking fund bonds due April 1, 1961, at 103 and interest.
As of
Dec.
31, 1942,
there were $15,427,500 of the bonds outstanding.V. 157, p. 902.
.
'
.......
v
/
affairs
company's
59,608
47,952
Shawinigan Water & Power Co.—To Call
the usual financial reports cannot be made.
cash balance on hand have been kept to a
Certain expenses, inch those involved in maintenance of the
minimum.
176.078
2,893,099
$3,317,151
to
Surplus at-end of year.
Cash
to
sufficient
"Meanwhile,
Crl5,128
7,863
45,000
at cost, $90,785; supplies on hand,
The-
receivership to permit re¬
..■<'«"•%'••.1
:
equity
Louis, Rocky
interest.—V.
mills
$160,940
Dr3,855
surplus.
—
Surplus at beginning of year—C-~—
Net
of
March 25, in a letter to the stockholders;
:■ A
;
"Few scraps of information have filtered through from the Philip¬
pine Islands since complete occupation by the enemy, and no authentic
news
has been received concerning the status of the company's prop¬
erties.
Recently fairly reliable word was received from one island
that the Japanese have removed iron rails in quantity, but that the
225,996
$251,828
income (net)—
54 cl77
2,040
of Stockholders—
ago.—V. ,157, p. 99.7..
year
Disbursements
Adjustments of prior years'
$529,716
5,600
income taxes—«,
State
,
5« O40
.Y
...—.—«
before
inventory,
-
wages
C, Maser,. Secretary, on
said; in .'substance: /•/■.
.
l'
"$13,102
''V-'/," W/v/■
San Carlos Milling
$9,877,226
operating expenses, net other de-
sales,
ductions, etc., exclusive of
Net
outstanding
2,512
were
amount
"
Provision
"$67,538
Leamy
the
of
2,784
,
St.
1942
$12,829,563
—
6,887
/> $375,606
depreciationJr™;ri^rw-;>«Ari'i^';
for
Gross
v
Net
66,865
Co.—Annual Report—
Rike-Kumler
Cost of
$53,763
Mountain & Pacific Co.—TendersManufacturers Trust Co., trustee, 55 Broad St., New York, N. Y.;
will until 3 p. m. (E.W.T.) on April 30 receive bids for the sale to it
of first mortgage
5 f/o 50-year gold bonds due July 1, 1955, to an
been declared on
• 15
to holders of
as
Years Ended Jan. 31—
sales
"$688
66,850
Y
the
There
and
Net
$522,829
6,019
properties (less reserve for depletion of $2,829,975),
$4,471,357; buildings, machinery and equipment (less reserve for depre¬
ciation of $535,272), $391,087; investments in subsidiary companies—
not consolidated, $188,595; other investments, $8,500; total, $8,819,135.
Liabilities—Accounts payable and miscell. accrued expenses, $83,710;
Period End. Mar. 27—
A like
26.
were
$369,586
: V
$25,707; capital stock
Sales'.;
amount was paid on Feb. 15, last. Payments
follows: Feb. 16, 50 cents; May 15, Aug. 15 and
16, 35 cents each; and Dec. 26, 15 cents.—V. 157, p. 997.
record
1,455,412
Net credit to surplus account-,,—,..,
copper
Safeway Stores, Inc.—March Sales—
and
1 to holders of record
per
1941
•
$1,978,241
—.
——
Period End. Feb; 28-
.
cents
35
1942
1,599,532
and selling expense
for
receivable
55
$6,439
157, p. -1276.
with
interim
• t
$1,969,119
received—.——;
Balance
Reynolds Tobacco Co.—35-Cent Dividend—
(R. J.)
i
Corp.—Annual Report
taxes
income
Provision
/•' $53,818
$39,878
"$26,548
Judge
upon
"
An
"$643
//
bondholders' reorganization plan filed last
forward the proposed plan to the Interstate SCommerce
Dividends-
payable May
Net
fixed
aft.
income
two-thirds
act
cents each were made on both
Aug. 15 and Nov. 1, 1942.—V. 157, p. 260,
distributions of
1, last, and on
Feb.
on
stocks,
A
j
name,]
1-
-s-
for Federal and
transit,
33,425
;
reorganization proceedings out
organization under Section77.
The action of the Court and
accounts.—V. 157, p. 645.
each have been declared on the common
of 3%
stock dividends
common
' ' j
that
)
'
dividends
and
Provision
of the U. S. District Court at Rutland, Vt„
has denied the petition of preferred stockholders of the road to move
used in operations) of $16,755,^Including $411,200 as to 1942
& Tool Co.—Stock
!
j
'
;
Total income
Prov.
fixed
for
charges..--
charges
Federal
as
Republic Drill
$10
•
& Co.—March Sales—
profit on sales
Miscellaneous
total,
to 1941 payable in foreign currencies.
([Estimated
completion of service contracts rents of unoccupied leased
of
director—•
price prems.
metals and concentrates sold
$69,131;
Court Denies Petition
cost
the
v.*./;,
and concentr., and
metals
Gross
"Deficit.
$67,366,261 $56,159,452
premises and other non-current
a
8.447
37
,
$6,877
fixed
8,335,283
$85,642 restricted to use on U. S. Government, contract.
tLess reserves of $1,092,389 in 1942 and $1,116,179 in 1941.
ILess
reserves
for depreciation
(including $316,528 at Dec. 31. 1942 and
$958,569
elected
Assets—Cash,
///i' 39
charges
■■
8,836,550
$637,372 Dec, 31, 1941 on buildings not
170 in 1942 and $17,214,991 in 1941.
.
'
Total
"Includes
and
declared
734.
p.
Calendar Years—
Interest
4,623,296
1,743,040
been
of the investment banking'firm'of
director,—V. ; 157, p. 734. 'yv/y/v
head
$45,371
3,751
$39,915
"$7,969
7,326
:
$36,164
;. $6,916
deducs.
avail
Inc.
224,652
1,421,692
par)
Total
Crl,993
2,532
income
Miscell.
18,000,000
surplusA—
•
'
$4,384
income
Total
4,623,296
Earned surplus
•-r
•;
Cr3,019
income.
oper,
ry.
12,191,984
stock
Common
157,
Steel Co.—New
157, p. 1276.
Cost of
642,018
_____
has
share
per
Cr5,145
tax
Net
642,142
on
,
1943—Month-Y-1942 ' 1943—2 Mos.^1942'
$66,339,995 $76,038,022 $124,196,922 $137,708,985 f
Sales of
37,574
-
Co.—20-Cent Dividend—
cents
each.—V.
cents
Young,
been
—V.
.
1,809,375
252.303
20
,
.
May 15 to holders of record May 5.
with 30 cents paid on Feb.. 15, last.
Payments during
follows:
Feb. .14, 40 cents, and-May 15, Aug. 15 and
as
20
J.
has
$77,800
accruals......
Equpt. & jt. facil. rents
16,262,000
cumul.
$4.50
14,
Scullin
552,742
$51,176
Other
debt.
were
F.
$630,542
$655,823
267,392
Ry.
1,679,752
Funded
"
$3,385,982
$3,564,737
$1,306,580
.
stock,, payable
Administrative
305,275
569,385
:
after one year
V;Liabilities due
1092.,
p.
compares
V
$318,568
;
1943—3 Mos.—1942
1943—Month—-1942
i
.
common
•
1943—2 Mos.—1942
-1942
1943—Month-
$22,970
5,624,241
'
—
31—'
—$1,313,886
157,
1942
-
operat.ng revenues
Ry. operating expenses-
711.122
income taxes (estimated
U. S. Government contract
and foreign
.
Schiff Co.—March Sales Slightly Higher—
Nov,
RR.—Earnings—
Ry.
12,821,317
contracts—...——.;
completion of service
and
U. S.
260.
:
surplus
and
Shattuck Denn Mining
$328,245
1,505,131
taxes,
$146,141
Sales
Corp.—Resumes Dividend—
1,472,995
1,443,082
interest, insurance, rents, etc.—
cost of redemption of merchandise coupons
Accrued
60,000
$118,253
stock
common
This
declared a dividend of five cents per share on
stock, payable April 20 to holders of record
distribution was made on Nov. 10, 1941; none
2216.
■".-• yy;/..v.
Period End. Feb. 28—
985,758
1
1,302,600
Commissions, salaries and wages
for
of
similar
A
Rutland
8,914,084
1,153,271
149,115
60,000
.
common
par
1,
since.—V... 139.
$958,569
payable_^*;_.^^«-^—,•
149,114
$31,799
dividend
,
J
Trade
Est.
$1
April
3,817,322
1,199,234
1,036,577
$1,011,200
loans
$355,256
requirements^-.
requirements—.
Period End. Mar. 31—
Net rev, from ry. oper.
§Bank
375,991
$327,367
31,583
par
have
directors
The
the
Liabilities—•:
.
$703,358
$63,382
31,499
Scotten, Dillon
1943—3 Mos.—1942
$2,019,582 $1,614,076
997.
p.
$67,366,261 $56,159,452
Total
7,668
•
14.040,418
3,674,048
—
$722,688
Drl8,198
A
.
——— .
—
$721,556
Dr2,555
242,148
$730,357
375,101
Sears, Roebuck
1943—Month—1942
$710,135
$568,473
—
—
Royalties Management
1,894,805
facilities—
4,764,326
Rental machines and equipment (net)—
4,346,435
Investments and advances
—
1,319,147
Other assets".
-/—' 1,525,311
fLand, buildings, machinery and equipment—
9,265,614
Deferred charges
—■———1,537,138
Goodwill, patents, etc..——1
Materials
—V.
15,107,304
./■ -/y r,Y;
in process—14,976,467
products and work
and supplies
Finished
Sales
—V. 157,
2,022,194
—.'
;
$65,937
$69,329
157, P.
Sales;
25-Cent Stores, Inc.—Sales—
Period End. Mar. 31—
$7,384,705
"Cash deposits
$70,763
'•%
amort
Period End. Mar.
y/;:y':V
1091. '
p.
Rose's 5, 10 &
1941
303,281
Dr 1,433
dividend
(The)
,
1942
•.
314,945
(net)
dividend
Balance
A statement of the
Corp.-
157,
Dec. 81 //<■
Consolidated Balance Sheet,
v.
•"'Assets—
v.
21,672
$37,830
Preferred
-V.
179,124
370,610
29,314
—.
and
Debenture
Sell Bonds Privately—
205,040
29,868
revs..—...
oper..
17,250
32,504
392,586
487,698
Balance
I
1,526,903
> 56,329
'■
_
income
Interest
,
14,634
taxes-.*
income
Balance
transactions proposed is as follows:
v
Rockland proposes to issue and sell at par, $500,000 first mortgage
4 VsW: bonds,
due Jan. 1, 1963, to Occidental Life Insurance Co. of
California and California-Western States Life Insurance Co. in the
principal amount of $325,000 and $175,000, respectively, subject to
the right of
the Lincoln National Life Insurance Co.. to purchase
$125,000 of the principal amount of said bonds to be taken up by
Occidental Life Insurance Co.
The proceeds from the sale of the
4 %(/' bonds will be applied by Rockland to the retirement and can¬
cellation of its presently outstanding bonds and notes in the aggre¬
gate amount of $454,000 and to reduce its open account indebtedness
of $52,042 by $46,000.
General Water Gas & Electric Co. owns all
of the
outstanding securities of Rockland and upon the receipt by
General of the proceeds of the sale of the 4'/2% bonds, that company
will apply
the amount thereof to the further redemption of the
indebtedness
due
by it
to Bank of America National Trust and
Savings Association and American Trust Co.; San-Francisco, Calif.—*
184,000
119,000
Net
Mos.—1941'
$2,939,840
1,121,989
$3,648,729
135,332
application
Utilities
523,114
5,777
operations—
S, & Foreign taxes
used
•
on
exps.
157,145
147,623
20,000
"
$302,010
145,379
32,418
taxes
Other
has been filed with the SEC by this company, a
direct, wholly owned subsidiary company of General Water, Gas &
Electric
Co.
and
an
indirect subsidiary company of International
An
$10,393,290
454,441
'int. and amort; of costs
Other
Corp.—May Purchase Notes—
Rockland Gas Co., Inc.—To
$26,262,730
profit
Gross
Federal
'
.
$349,391
Depreciation
Securities
and
$200,000
for the purchase of its 20-year secured 41/2% income notes, series A,
due Sept. 1, 1958. •
' ■■Y,'...
Y' •. '■];1 / ''/Y'/f/:
' V.
Holders of the securities will be notified to tender them for sale to
the corporation at the office of its agent, Marine Midland Trust Co.,
New York, N. Y.
The Commission conducted a hearing at Phila¬
delphia, Pa., April 13, on the application.—V. 157, p. 734, .
/
:
,
-
/
revenues,,
——_
Maintenance i—
corporation on April 1 filed an application with the
Exchange Commission for permission to expend up to
- yv1
.
...
Operating
Operation
; * 1942—12
1942—Month—1941
Period End. Dec., 31—^
a
2310.
p.
Rochester Transit
1942—9 Mos.—1941 ^
1942-3 Mos.—1941
Period End. Dec. 31—
.
Subs.)—Earnings
(&
Remington Rand Inc.
;
paid
15
The
•/''< -
:
April
on
156,
cents.—V.
65
certificates for common
receive
to
corporation for the number
•■certificates.—V.157, p. 1091.
company
Co.—Earnings-
Savannah Electric & Power
Corp.—Accumulated Dividend—
dividend of $1 per share on
account of accumulations on the $7 cumul. preferred stock,
no par
value, to holders of record April 9.
A distribution of $5 per share
was
made on Jan.
15, 1943.
Payments last year were as follows:
Jan. 15,
$5; April 15, July 15 and Oct. 15, $1 each; and Dec. 28,
The
16, by virtue of
business March
Investing
Reserve
trust agreement terminated at the close of
the recording of discharges of chattel
and real estate mortgages held by the Reconstruction Finance Cor¬
poration as security for a loan of $2,000,000.
This loan was repaid
'as
follows:
1940,
$1,054,708:
1941, $847,899; 1942, $97,393.. The
holders of the voting trust certificates upon
the surrender thereof
'at the office of the corporation, 1331 So. Washington Ave., Lansing,
Mich., or at office of Guaranty Trust Co., 140 Broadway, New York,
The voting
agreement.
Monday, April 19,, 1943
OV-*
CHRONICLE
COMMERCIAL & FINANCIAL
THE
•1468
taxes
profits taxes
^
common
261..'
13,404,549
.
409,636
$416,601
;
•
share..
■
$691,356
$2.84
$1.39
1941
$1,432,853
454,236'
__3_
$978,617'
$1.96
I
Volume
Number 4169
157 '
South Carolina Power
1
l.:,:.;-.;
—:—;——
—
Maintenance
Provision
1941
$4,704,806
depreciation—__________
Federal
and
Federal
excess
State
income
Operating
:
r
Net
476,546
,
300,514
long-term debt
on
Amortization
of
$1,082,122
charged
to
593,290
__
discount
interest
Miscellaneous
Interest
debt
and
and
other
Feb.
28
31,422
35,278
62,162
5,787,664
12,963,096
11,796,509
revenues,.
charges_____.
—
$4,571,125
$3,431,447
2,908,505
1,963,100
__
income___.
$1,662,620
S8,709,322.
5,426,235
$1,468,347
—...
oper.
1,341,033
1,145,643
income
$6,688,975
3,746,711
$2,942,264
2,249,198
24,547
Assets—
■
Cr20,673
r
■
Net
income
—________
!
-$531,151
-—_________
Balance
Sheet, Dec.
31, 1942
Assets—Utility
cash,
$145,178;
and
plant,
$25,511,273} investments and fund accounts,
U. S. Treasury tax savings notes ($350,024)
($37,000)
at
current
redemption values,
$123,711;
F
series
$387,024;
accounts and notes-receivable (less reserve for uncollectible
$63,569), $327,741; materials and supplies, stated at aver¬
age
cost, $414,776;
prepaid insurance, taxes, etc., $31,251; deferred
debits, $576,343; total, $27,517,298. '
accounts
Decline
1941
$2,857,300;
common
term
$11,748,500;
debt,
$11,652;
company,
stock
cumulative
(28,573
shares,
Notes receivable
Accounts
Profit
Federal
shares, no par), $7,949,671; longpayable, $131,178; due to associated
$40,486;' accrued Federal and
1943—Month—1942
$9,569,866
revenues.....
Operating
oper.
-J
rev.
5,746,223
expenses
oper.
Funded
debt
discount
and
after
expense
Operating
taxes.
2,378,717
1,467,358
4,541,753
•
Net
Net
157,
income—.
oper.
income
$1,414,827
$1,227,182
915,565
1,068,561
_____________
from
American
Tel,
&
Tel.
Co.__.__
Deferred
due______—_______
__
credits
197,787
amortization
reserves...
reserved,
Unappropriated
U.
-V.
$2,471,271
$261,804
u._
157,
$259,798
$1,333,206
for
.
94,012
470,272
S.
$862,934
$860,165
February
and
England Telephone Co.—Earnings—
Period Ended Feb. 28—
1943—Month—1942
Operating
revenues..-.
Uncollectible oper.
rev.
Net
$2,307,217
1,104,812
oper.
and
Net
$1,998,888
$4,582,552
1943—3 Mos.—1942
Exchange
$4,602,138
2,500
2,949,426
$873,038
$739,046
to
$1,425,422
revenues-.
stock
Commission
is
409,858
$330,248
$329,188
$657,432
provide
228,295
429,301
443,030
shares
of
non-voting
be
;
216,617
4.-V
Jackson E. Reynolds
Pacific
as
rate
Electric
Landon
Co.
succeeds
Mr.
for
is
other 14 directors
May
(a
director
of
First
National
Bank)
at
not
$100
share
per
subscribed
$400,000
reduced
to
4xh "k
10-year
3ya%).—V. 152,
annual
in
active
service
in
the
United
reelected.
were
date
meeting
States
meeting
Southern
will
first
be
to
Navy.
1942,
debentures
to
sold
in
y*s\v/'
1943
earnings
1942
1943
'V:
—
1942
:
;
$6,737,892 $79,120,511
$6,192,393
V.
perating
oper.
$53,584^033
&;■ Net
'
•** *4
for
$150,887
-60P
v
$325,809
1,200
oper.
$72,893
revenues
taxes
;
______
Net
income-.A '
oper.
$57,552
$126,607
23,785
.
23,106
$49,787
income
-V.
157,
46,384
$33,767
35,985
y
735.
p,
283,207
yyuy;';y:;7.,
20,071
Vy -v1-
$80,223
S.
income
excess
;y
y.!'"^y yy
li.'-S",;
1942
Years Ended Dec. 31—
ocal service
v,
oil
service
$1,680,768
.V; :> 64,205
Total
urrent
32,190,967
6,450,400
6,038,535
120,046,014 108,074,456
421,183
402,130
—
operating
operating
epreciation
and
revenues
revenues
maintenance
141,700
prof,
306,700
175,000
2.004,700
CV200,470
,
tax
699,000
amortization
expense________
9,117,861
1,385,435
—
perating rents
eneral and
Net
miscellaneous
operating
ederal
income
"Federal
excess
expenses—
bonds
183,374
share___
depreciation
and
$5.04.
amortization
•:
in
and
Net
8,113,193
7,724,840
profits
taxes—6,783,489
deductions
from
income
.
fixed charges—
interest
—
19,234,801
.2,475,000
ther interest
—
mortization of debt
discount and exp.
(net)—
625,379
28,059
28,511
income
ividends
"After
14,426,988
paid
deducting
excess
15,570,000
profits tax credit of $755,546.
16,105,911
15,570,000
last
SEC
not
50
excess
159,102
share
per
and
the
on
payable
for
and
>•
;y
781,794
498,578
27,264
11
discharge
the SEC's
through
of
no
par
shares.
Steel
-V.
stockholders
(2)
for
for
1937)
157, p.
month
of
1943—Month—1942
while
same
of
month
electrical
decreased 71.18%
net
sales
1093.
80.53%
for
•
-
the
•
furniture
the
•
•
and
is
now
of
other
order
our
pending.
consider
the
While
proposed
dissolution in
of
dissolution
before
which
a plan has not been filed,
transaction in light of our
addition
to
considering such trans¬
applicable statutory standards.
Until
from
the
October,
by
Superior
Interlake
11,000
■
1942,
at1 which
time
Superior's
Iron
electric
is
manufactured
Corp, of
gas
purchased
at
Duluth.
Superior serves
and
water
population of approximately 35,000. J'\
customers
and
9,000
gas
,
from
American,
debt
Total
;
%' •■•
28.3
1,636,000
29.0
$3,236,000
57.3
5%/
—
preferred
stock
stock
Earned
($100
($100
surplus
net
same
appliance
sales
the
three
decreased
500,000,
8.9
500,000
8.9
1,405,630
24.9-
net
reflect
of
sales
a
decrease
of
capitalization
stock
first
three
months of
3.77%
under
months
1942,
last
•
'
qualifying shares) acquired in 1925.
American states that
preferred stock was acquired for $172,926 cash and the common
for $2,268,850 cash from non-affiliated persons in
arm's-length
transactions.
Superior
Northern
157,
•
33.8
100.0
.
of
1943
and furniture
:
$1,905,630
$5,641,630
(
stock
8.26%
year.—V.
surplus
surplus
"After the elimination from earned surplus of $1,000,000 of utility
plant adjustment contained in the plant account of Superior, total
capitalization consists of 69.7%
debt, 10.8%
preferred stock and
19.5% oommon stock and surplus. »,
1
The $1,600,000 of bank notes are held by Guaranty Trust Co., New
York.
The
$1,636,000 of advances represent the balance of open
account advances made by American to Superior between 1926 and
1936.
American also owns 1,663 shares of 7% preferred stock, acquired
between
1925 and 1931,
and all of the common stock
(except six
the
1943,
same
of
and
and
"
directors'
$1,330,107
March,
the
for
common
'
The
approximately 67%
for
par)
par)__
—
Total
1943—3 Mos.—1942
$1,071,812
month
:
,
Act
=
$9,297,542
last year.
period
*
under
appliances
under
debt
••
$1,600,000
Spring Co.—To Split-Up Stock—
1942,
under the
p.
of
,
in an area having a
capitalization per books, including surplus, of Superior at Dec.
1942, was as follows:
7%
$10,460,293
—
decrease
outstanding
998.
$383,933
$520,428
Notes—Electrical appliance net sales for the.
a
presently
entered
the
review
a
to
distributed
gas
Advances
2,511,909
Sterchi Bros. Stores, Inc.—March Sales—
sales
its
The
5,039,224
vote April 27
on
approving a proposal to
change the authorized capitalization from
537,500 shares of common
stock, par $5, to 2,687,500 shares of common
stock, par $1, five new
shares to be issued in
exchange for each present share held. There
are
now
outstanding 219,712 shares of $5 par value common stock.
—V. 157, p. 1093.
show
1422.
p.
ownership of securities representing approxi¬
voting power of all of American's securities
we
of
American's
under
approximately
250,000
will
Period End. Mar. 31—
and
.
1942,
(b)
Total
The
of
findings and opinion follow:
$401,206
1,964,433
______
Standard
156,
B
record
1,
1,466,990"
Total
"146,699
class
of
Aug.
1941.—V.
3,607,112
contingencies—
stock
1,
the total
matter
wholesale
31,
250,000
May
v-y.':'*.':"■
Superior,1 Wis.
The
$9,297,542
$372,860
in
the
on
holders
to
constructed Winslow Electric Steam Generating Station was
into operation, Superior purchased substantially all of its electric
energy from Minnesota
Power & Light Co., an associate company.
1,290,528
3,894,101
1
put
'
expensestaxes
dates
same
declared
on
newly
12T000
1,370,324
has been
Superior
of
13,500
15,488
State
■
..
Water, Light & Power Co.—Superior, incorporated in 1889
in Wisconsin, is an electric and
gas utility within the meaning of the
Act, rendering electric, gas, and water service principally to the city
200,470
accrued
and
1/''
filed
customers
Federal
$753,051
April 6 issued an order permitting to become effective
by American Power & Light Co. and its two Wis¬
on
necessary
action
4,380
116,900
-
1,031,138
$804,112
publib utility companies within the meaning of the Act, and 13
non-utility subsidiaries.
Electric Bond and Share Co. con-
the
is
order
7,549
8,825
;w
1,235,206
'
—
cents
year,
Circuit
court
it
131,702
•
4,735
(net)
1,784,189
tax-
profits
par
value, payable May
distributions were made
no
American
section
$113,115
3,450.013
—
1941
$9,814,720
V"; : /
;■/'
./•
•
our Findings and
Order pursuant to
requiring the dissolution of American
and directing the respondents to submit a
plan of dissolution.
On
Oct. 22, 1942, American petitioned the U. S. Court of
Appeals for the
$4.33
$10,460,293
Sales
Net
of
Similar
28,
Common
398,397
2,475,000
1942
vV;
stock,
..outstanding, "
On Aug. 22,
293,398
of
1,170,342
profits tax_
(net)
"Common
Net
available for
Income
ond
%
13,500
U. S. excess
$3,330,764
2,039,318
taxes—
_________
mately 20.7%
$659,597
1,449,369
securities
$8,199,444
and
1942
(& Subs.)—Earnings-
1277.
p.
23.
First
(customers)
Capital surplus
Operating surplus (from July 1,
19,633,199
418,218
985,277
(net)—
3,685,875
9,631,925
17,915,323
1
operating income
9,862,083
18,333,542
_____—
amount
notes
in
American Power & Light
Co.—American, a Maine corporation organ¬
by Electric Bond and Share Co. in 19Q9, is solely a
holding
having 16 direct subsidiaries which are public utility com¬
panies within the meaning of the Act, six direct subsidiaries which
are
$4,16
the
$3,205,062
company,
■.
Liabilities—■■■
Reserve
1,205,986
39,617,377
6,666,379
of
ized
44,915
3,791,920
(net)
Accrued
8,264,100
9,466,980
taxes—
4'748
%
256,723
__________________
common
receivable
Accounts
14,839,011
16,857,239
42,703,955
revenue
ther taxes
iscellaneous
15,616,607
21,014,831
expenses
depreciation
income and
Extracts from
1
$610,863
Total
107,672,326
20,319,162
18,775,419
___—
$874,764
$84,148 in 1941, and $30,560 in 1940.
Buildings
...
1,842,668
per common share___________—____
"$4.31
$4.03
earnings after provision of $200,000 for post-war adjustments.—
indirect
$740,043
Machinery and equipment
''Deferred charges
119,624,831
Traffic expenses
"ommercial
2,208,529
$12,544,155
to
be
applied in
preferred stock.
$879,512
$
revenues
Total
:
1941
69,844,955
:—38,986,904
revenues
"ncollectible
y
$
74,608,710
revenues
Miscellaneous
Land
37,431
2,709,260
consin
utility subsidiaries, Superior Water Light & Power Co. and
Power Co.
Briefly, the transactions proposed consist of (a)
the issuance of Superior to American of common
stock in exchange for
the common
stock of
Northern,
lb)
the merger of Northern into
Superior, (c) the issuance of certain securities by Superior for cash
79,874
.
11,242
taxes
profits tax_
excess
Refundable portion of
$65,635
52,603
V
5,725
.
Deposit in Canadian bank (at U. S.
equivalent)
Miscellaneous accounts receivable
47,772
806,200
2,709,250
Northern
-"p;-;
Dec 31, '42
June 30, '42
deposits and currency)—___
$1,147,044
$1,381,866
S. Treasury tax
anticipation notes—1,400,820
1,200,820
U.
141.470
727,500
par)__
Superior Water, Light & Power Co.- -Merger & Sale
336,526
110,139
-
100,301
paid
per
Accounts
$113,407
'
Southwestern Bell Telephone Co.—Income Account—
y,"
($100
1367.
p.
Federal
profit
declarations
$1,669,526
income
Miscellaneous
Net
371.097
stock
____
dividend
Oct,
(demand
U. S.
190,712
710,803
reserves
$17,408,717
for
The
483,964
Inventories
Net
the
Comparative Balance Sheet
1,200
198,002
-
in
$2,786,274
U.
Assets—pCash
$305,319
600
92.735
:
95,811
companies
$2,780,550
portion of
"Includes
1943—2 Mos.—1942
$950,000
ex-
par)
for
157,
before
April
1940
expenses
income
Earnings
1942
Co.—Earnings—
v
>
1,412,705
156,229
Dividends
Jan. 1 to April 7—
1943
Telephone
$169,304
:.
rev.
expenses
perating
(no
reserve
157,
trols
$4,767,463 $85,312,904 $58,351,496
1943—Month—1942
•
revenues
Operating
and
____________________
common
$2,703,869
charges'
ill 1942,
Associated
Period Ended Feb. 28—(
Uncollectible
income
Fed.
■
"Net
1942
rV. 157, p. 1366.
Southwestern
Canadian
1,039,034
2,132,322
&
2,260,019
liabilities
1941
1,948,592
income::____________________
Refund,
—Jan, 1 to Mar. 31—
—Week End. April 7—
1
.
$7,000,000
accrued
Earnings
V
.
after
$4,111,464
■
Reserve for U. S.
$9,484,543
_______
Period—
•
?:■. v'"
stock
sales
-
Net
are
2,731,004
Operating profit
Total
58,055
$8,199,444
Superior Portland Cement, Inc.—50-Cent Distribution
operating
Additional compensation paid to em-
Other
2,472,874
154,667
and
cumulative
Profit
the
1941
sales
:tS; ployees
Reserve
earnings
Gross
of
Other
31,900
190,000
3.200.612
Sullivan Machinery Co.
2252.
p.
1942
—
The
31,897
tax
_____—
present
offered
$6,151,746
"Cost
7':
1943
ross
profits
calendar Years—
Starrett Co., Inc.—Earnings—
Selling and general
was
10 Days End. Mar, 31
/
utility
Sales'
Ry,—Earnings—
,
public
.
April of each year.—V. 157, p. 1276.
Period—
the
6 Mos. End. Dec. 31—
changed to the second Wednesday in
each year, commencing with 1944.
Previously, the annual
was held on the Wednesday following the first
Monday in
of
of
'
•.
42,360
10.000
excess
of Securities—
meeting held on April 7, Kenneth L. Isaacs of Boston,
a
director, succeeding Lawrence Coolidge of the
who
of
_____
est,
1941.—V.
Net
charges
$244,929 in 1940.
It
output
(L. S.)
elected
was
city/
The
Thorne
;
At the annual
same
K.
Reynolds.- '
y/.%//■• V.'V'-.
Meeting Date Changed—
Annual
Mass,,
(a director of First National Bank, New York),
of the board of directors of the Southern
24,751
2,832.926
83,667
bonds
bonds
preferred
Standard Gas & Electric Co,
system for the week ended April 19, 1943,
totaled
173,359,000 kwh., as compared with 152,957.000 kwh. for the
corresponding week last year, an increase of 13.3%.—V.
157, p. 1367.
member
a
Loan
funds
charges
"Less
common
Standard Gas & Electric
Co.—Weekly Output—
Southern Pacific Co.—New Directors Elected—
resigned
26,538
payable
Prov.
offered
shares
reported net profit of $339,812 for
compared with $276,846 in 1941 and
outstanding
(interest
780,510
3,000
company
taxes,
$644,912
for
employees, associates and customers.;
Proceeds
working capital to carry additional inventories,
; ;
and
542,790
income
2,098,209
__
9.207,930
Canada .War
other
in
;.'v
to
Any
has
$1,630,626
973,194
$638,363
2,916,644
(less reserves)
insurance policies
cess
}
including
The
1941
$17,408,717
Surplus
$8,363,774 $10,672,555
Co., Inc.—Registers With SEC—
(par; $100).
public,
2,500
2,597,945
1,000
157, p. 1092.
has
life
assets
Common
•>
Weil, Vice-President, has been elected a director to fill the
i
by the death of M. J. Spiegel, Sr.—V. 157, p. 998.
stockholders.
$4,025,867
1,258,842
income
-V.
of
'.V
31
Dec.
$1,586,762
receivable
6Vs%
company, which operates a chain of 179 retail stores in nine
states, has filed a registration statement with the Securities
The
,
1,500
:
taxes
oper.
Sheet,
hand
on
value
Accounts payable
A
Net
and
profits
Contingency and
1943—Month—1942
and
1941,
•'
Balance
^ Llabiiities—
western
1943—2 Mos.—1942
1,432,679
expenses.—
Operating
and
Total
20,726,533
1940
depreciation
in
and interest
in 1941, but before provision
excess
profits taxes.
JAfter
$19,262
income
for
$325,692
for
$190,000.
accounts
refund
Deferred
caused
Sprouse-Reitz
The
the five months ending
profits taxes.—V. 157, p. 1188.
for
stock,
Operating
Canadian
of
Treasury
Prov.
$3,992,013
banks
133,833
509,662
19,588,137
483,837
$165,786
income and excess
New
and
provision
and
270,926
taxes
Director—i
G.
vacancy
$1,344,002
$170,576
Southern
1942
profits
1942
and
"Fixed
1093.
p.
____________
Earl
1943—5 Mos.—1942
91,228
earnings
"Operating. expenses
!Feb. 28 do not include
and
in
1942
excess
Total
Gross
Net
$60,959
in
and
tAfter
,
464,151,074 440,392,883
New
1943—Month—1942
189,063
$1,331,055
270,925
income
$87,733. -V
$224,201
surrender
Post-war
Spiegel, Inc.—March Sales—
1,860,470
Southern Canada Power Co., Ltd.—
I
Federal
of
of
Unavailable
"
'
surplus
Period End. Mar. 31—
earnings
"Operating expenses
(net)
Dominion of
134,226,416 121,871,168
...
A.__.
Total
Sales
Period End. Feb. 28—
Cr3,697
$1,697,522
year
Inventories
14,300,000
6,304,339 V, 6,857,883
3,165,188
2,738,940
10,929,592
9,175,613
19,679,953
15,484,102
trustee of pension fund..
liabilities not
Surplus
1188.
p.
Drl0,952
,
185,449
refund
in
Cash
11,550,000
,
customers' deposits
payable and other current liabilities-
Depreciation and
$5,431,578
2,960,307
$2,782,460
2,116,878
current
470,073
additional
Federal
Cash
>
—V.
net
$1,520,118
Consolidated
183,000,000 173,000,000
75,000,000
75,000,000
billing and
Accrued
1943- -2 Mos.—1942
$7,324,213
of
year..........^^.......^.^^.; 534,053
747,074
318,672
Notes
Demand note sold to
-Earnings-
$2,694,540
value
subsidiary
$1,882,971
post-war
premium
701.268
charges—: 316*750
debt
Advances
Accounts
$3,793,544
revenues..■
100,000
paid
charges of
Notes
Net
350,000
360,000
Canadian
1941
for
464,151,074 440,392,883
$7,774,503 $19,011,903 $15,807,820
27,066
:
60,680 •
54.236
5,052,897
11,627,010
10,322,006
30,099
r
$1,700,000
the
amortization
3,337,734'
933,875
851,361
deferred
Advance
Uncollectible
3,466,494
% Liabilities—
Capital stock
deposits, $202,789; miscellaneous current liabili¬
ties, $25,599; deferred credits, $4,694;
reserves, $2,315,881; contribu¬
tions in aid of construction, $28,076; earned
surplus since Jan. 1, 1937,
$1,064,044; total, $27,517,298.—V. 157, p,., 1276,
Operating*
1,283,770
250,000
Assets—
customers'
Period Ended Feb. 28—
"Less
,
excess
Southern Bell Telephone & Telegraph Co.-
$1,050,045
2,673,101
;
profits taxes__r_„
Unappropriated surplus at end of
Outstanding common shares
11,670",222
deduction of unamortized
Other
profits taxes, $1,084,721; accrued
interest and preferred dividends (less amounts deposited for
payment
of interest and preferred dividends due Jan. 1 and
2, 1943, $169,017):,
$52,707;
excess
taxes.:
Total
and
15,390,819
supplies.;.
Unamortized
(600,000
accounts
and
Prepayments
par),
no
income
conversion
of
for
Dividends
viv 15,000
______
receivable
Material
.
accrued general taxes,
and
income
State
stock,
preferred
$1,348,918
contingencies....200,000
for
in
assets
v
.
of
Liabilities—$6
17.863
_
____
—
bonds
war
Canadian
Federal and Canadian
;
i
and
$1,050,045
v-:
—
__________——i-.Au 430,511,458 410,592,991
Miscellaneous physical property
460,899
552,509
Investment in subsidiaries
481,402
146,402
Other investments
5,767,381
6,157,111
Sinking fund
250,000
250,000
4,985,753
5,061,973
Special deposits
vi 832.221 y; 512,391
Working funds
120,266
111,928
$438,829
____
(&
1941
$1,331,055
*
agree
—_
Federal
Telephone plant
■
__
Provision
•"1942
..
_
tProfit
$3,283,087
2,592,746
year—
___
Total
Co.
1942
Unappropriated surplus at beginning of
"Adjust, of prior year's depreciation to
with revisions by
Treasury Dept
Comparative Balance Sheet, Dec. 31
38,557
■:
32,346
Cr2,835
construction—
Net
taxes
600,862
38,557
expense___
Calendar Years—
70,661
6,419,975
1469
Stromberg-Carlson Telephone Manufacturing;
Subs.)—Annual Report-
1943—Month—1942
1943—2 Mos.—1942
$11,022,522
$9,254,389 $21,734,580 $18,556,145
143,477
$1,192,509
'
_
Ended
rev.
oper.
Operating
264,101
720,943
___—
Months
expenses____
Operating
Net
j Interest
Two
'
taxes
profits tax_____.
income
Gross
oper,
and
419,450
,
559,692
revenues_„__
Uncollectible
261,857
480,298
■—
Month
Period Ended Feb. 28—
:
-
2,057,253
367,761
__
for
taxes
General
1942
$6,011,381
2,389,665
-
revenue
Operation
Earnings for
Co.—Earnings-
Years Ended Dec. 31—
Oross
THE COMMERCIAL & FINANCIAL CHRONICLE
'
securities of Superior
of
the
outstanding.
Power
total voting
.
owned by American represent
power
of
all
of
the
securities
#
Co.—Northern, incorporated In 1906 in Wisconsin,
is an
electric utility
within the meaning of the Act, distributing
electric energy,
purchased from. Superior and Minnesota Power <5»
-
Light
to industrial customers in thd city of Superior,
Northern transmits to Superior all electric energy
Co.,
addition,
Light Co.
including surplus,
Wis. In
purchased
by Superior from Minnesota Power &
The
Dec.
capitalization
1942,
31,
stock
shares)
acquired
of
Northern
securities
The
<
•
,
The
steps
stated cost of $1,350.21-.
represent approxi¬
of the securities of Northern
.
TRANSACTIONS
proposed transactions
the
are
to be consum¬
v';'
Contribution by American to Northern—American proposes
to contribute to the capital of Northern the $794,000 principal amount
of open account indebtedness of Northern to American, whicn contribu¬
tion will be credited by Northern to its capital surplus as of Dec.
31,
1942.
As of such date Northern will, by the appropriation of
$140,332, from earned surplus,
increase its depreciation reserve to
$148,867.
Such amount;, the company states, is calculated by using
rates prescribed in an order of the P. S. Commission of Wisconsin
certifying depreciation rates for Northern under a 4% compound inter¬
est method.
Northern will eliminate its total deficit in earned surplus
as
or
Dec. 31,
1942, by a charge to the capital surplus created as
above described.
Northern's capitalization will then consist of $25,000
common stock and $578,844 of capital surplus, a total of $603,845. ,/
Capital
Acquisition by Superior of the Common Stock of Northern—After
capital contribution by American to Northern and the adjustments
above are effected, American will sell the common stock of
the
described
5,000 shares ($100 par) common stock of
Superior.
The purchase price has been approved by the Wisconsin
Commission which found
that the value of the stock of Northern
to
be acquired by Superior is not less than the $500,000 par value
of common stock of Superior to be issued therefor.
Northern
to
Superior
for
into Superior—Immediately upon
Merger of Northern
acquisition by
of Northern, Superior will acquire
liabilities of Northern and the latter com¬
Superior of all of the common stock
and
assets
the
the
assume
to record the assets of
$603,845, such amount
the books of Northern
after the adjustments have been
made as of Dec. 31, 1942.
This
amount exceeds the $500,000 par value of Superior's common stock
issued in exchange for Northern's common stock by $103,845.
Superior
proposes to credit such excess to capital surplus,
It is noted that'
will
pany
Superior
amount
such
of
Commission
proposes
net
the
at
value
carrying
Wisconsin
the
books
its
on
the
being
dissolved.
be
Northern
in
certificate
of Northern into Superior
shall -record the property
of such merger.
In order
of authority it is necessary that the
the
of
assets pn
its
merger
authority
of
the
approving
specified the amounts at: which
to
war
Weeks &
Monell
Stubbs,
&
1973,
the
at
price
a
$2,511,297,
proceeds of
due
With
taxes,
a
but
showed
Of
life
(heir
thereof
Mutual
sold
be
and sale of the bonds and debentures at
Superior of not more than 3.5% and 4%,
issuance
to
costs
and the common stock
Commission has expressly
Milwaukee,
Wisconsin
The
American,
to
interest
annual
Insurance Co.,
Life
the
authorized
1,000 shares
debentures will
(cj
and
bonds
The
western
will
and
retirement,
par.
sinking fund debentures
retired over
created for
($100 par) ; common stock at
be sold privately to North¬
$1,000,000 of 4%
(b)
indicates that no affiliation exists between
Northwestern Mutual and American or Superior and that negotiations
with respect to the proposed sale of the securities to the insurance
company have been carried on at arm's length.
,K Superior, will
use the
total proceeds of $3,611,297 to be derived
from the sale of the above-mentioned securities, together with cash
on
hand, to retire all of its presently outstanding debt and preferred
stock, as follows;
The
respectively.
record
payable to bank, due 1945%.%—^.—.$1,600,000
American, 5%1,636,000
Notes
&
stock (3,337 shares owned by public, at re¬
demption price of 105)%—;——_^r—-—
—
1,663 shares owned by American at American's stated cost
7%'
preferred
350,385
172,927
in sales, and
higher,
gain of 57%
with taxes
profit for the
a
Total
4
,
$3,759,312
in con¬
nection
with
$25,000,
consisting
of
printing and engraving expenses, State
and Federal
stamp tax, legal fees of counsel for Superior, authentication fees, and
other miscellaneous expenses.
In addition, Superior proposes to pay a
finder's fee of $17,500 to White, Weld & Go. for procuring North¬
western Mutual Life Insurance Co. as purchaser of the bonds; and
estimate that the expenses to be incurred
the above transactions will be approximately
companies
debentures,
As
of
result
a
the
of
American will realize a
transactions,
above
repayment
the
from
$1,808,927
of
advances
and
total
retirement
of
preferred stock by Superior, and will purchase 1,000 shares of Su¬
perior's common stock at the par value of $100 per share,
thus
realizing a net amount of $1,708,927,
A witness for American testified
that the holding company proposed to use the funds to be so realized
toward the further reduction of American's indebtedness.
dated as of
March 1, 1943, and mature March 1, 1973.
They will bear interest
at the rate of 3%%
per annum, payable semi-annually on Sept. 1
and March 1 of each year.
They will be Issued pursuant to a mort¬
gage and deed of trust dated as of March 1, 1943, between Superior
,
to be issued by Superior will be
The $2,500,000 of bonds
and
The
bonds
Bank
Chemical
be
to
are
Trust
&
Co., and
by
secured
a
Smith, as trustees.
substantially all of the
Howard
lien
on
B,
properties and franchises of Superior presently owned or
acquired.
'; '
The $1,000,000 of
debentures will be dated as of March 1, 1943,
and mature March 1, 1958... They will bear interest at the rate of 4%per annum, payable semi-annually on Sept. 1 and March 1 of each
year.
They will be issued pursuant to a debenture agreement, dated
as of March 1,
1943, between Superior and Guaranty Trust Co., New
York, as. trustee.
They will be unsecured and limited in amount to
$1,000,000.
physical
hereafter to be
EXEMPTION
REQUESTED
FROM
COMPETITIVE
4%, at an annual interest cost of 4%,
In
connection with the sale of the securities to Northwestern, Superior
proposes to pay to the investment banking firm of White, Weld & Co,
a
finder's fee of $17,500,
Legal fees of counsel for Northwestern
would be paid
by that company.
In order to make the proposed
private sale of the securities Superior requested
exemption from
sinking
fund debentures,
competitive bidding requirements.
For reasons set forth we find that the
bidding
competitive
interest
or
of the work
After
all
tion
was
.
consideration
is
not
"necessary
.
conditions,
competitive
of
or
appropriate
/'—V.
.
157,
p.
(or)
in
consumers
the
receipt
the
public
to assure the
of adequate
1367,
The
with
company
the
common
price
The
on
Securities
stock
(no
6 filed a registration statement (2-5122)
Exchange Commission for 175,000 shares of
April
and
par),
and other factors.
price at which the
amendment.
The
public
subject
to
reduction
depending
on
over
during
totaled
tronics
resulting from
industries at
these
the
Issuance of the common stock the company plans to call
redemption on 30 day's notice all of the outstanding 4%% cumu-'
Upon
for
M.
Also F.
end,
war's
Provision
Net
(Frequency
Modulation)
"We
to
expect
there
tions
play
production of these
In addition
communicar
great opportunities which lie in electronic appli¬
important
an
in
part
the
which will eventually assume major importance.
developments which are primarily connected with
the
will
be
cations outside the field of broadcasting.
"The extent to which radio and other
electronic
normal
Federal
excess
Net
sales
Gross
Cost
'
of
(less
goods
1942
allowances)>4—, $32,338,870 $20,561,246
and
24,673,265
sold
Depreciation
Taxes
15.242,798
473.717
659,372
332,664
'460,353
-•
(other than Federal income
Selling,
general
1941
.
and
,
taxes)
administrative
2,878,465
2,232,967
$3,654,051
expenses—
$2,292,464
'
Operating
Other
income
income
Total
251,572
Provision
for
Interest
on
Interest
on
200.000
post-war adjusts.payable™^
:™._
debt
funded
of discount
Miscellaneous
and
income
Federal
normal
excess
profits
(2,910,000j ■'
Assets—Cash
211,459
.$864,817
prior )years.
post-war
to
and
credit
Sheet,
hand
on
and
Dec.
for
1912
4
Dividends'
■' • |
accounts receivable,:
agencies)
from
charges),
$261,385;
inventories,
$2,580,188;
miscellaneous assets.!
$107,896; property (less reserves for depreciation and amortization of
$3,089,300); $2,619,115; deferred charges, $32,813; total, $8,192,976.
;
'■
on
common
State income and excess profits;
$109,200; sundry accrued lla-f
biiities,
$15,436;
reserve
for workmen's compensation,
$47,895; net;
excess of average issued value of treasury stock over cost, $253; capital;
stock
(par $100),
$1,775,971; earned surplus, $1,843,001; total, $8,192,976.—V. 157, p. 823.
%
,
taxes,
accrued
other
$3,200,000;
and
Federal
accrued
$164,567;
etc.,
taxes,
TelAutograph Corp.—Annual Report—
,
Statement of Income for Calendar Years
1942
Gross
1,335
service
profit on
Earnings
and
sories
on
sales of supplies and accessub-contracts__^%-——18,231
*
After
deducting
150,646
549,210
514.368
$1.70
'
.
1941
Accounts
fOther
receivable
accounts,
receivable,
iU.
agencies)
S.. Govt,
and
notes
customers
Reimbursable
53.925
%
and
expenditures
3,075,677
acceptances
trade
:
under
S.
U.
Cash
S. War
U.
Savings bonds
purchase account)
Portion
of
fund
cash
required
Prepaid
refund
excess
profits
(Fixed
and
License for
3(4%
use
of
2,693,593
sinking fund
4-.——
21,250
4™—, 1
■
■
payable to bank,
Dividend payable
Accounts
for
other
31,250
1
37,775
1,491,136
1,011,733
452,122
296,040
'239.544
royalties, interest
and
operating
U. S.
on
SFederal
taxes
Federal
on
allowances
and
mis¬
contract—:
State
U.
taxes——:
S.
War
495,849
(contra)
sinking fund
debentures——
bank (not current)
for
4,000,000
■
66,416.
—
cumul.
conv.
stock
pfd,
(514,368
stock
no
par
par)
shares)
surplus —-—__—„;
(/ —
151,416
1941.
of
3.357.760
1,285,920
-
1,285,920
2,101,672
2,968,199
time
tion of $3,573,106
. SLess
U. S. Treas¬
in 1942, and $900,000 in 1941.
in 1942, and $3,106,160 in 1941.
notes, tax series B, of $1,300,000
He will
and its);
,,
».
importance
the
handle large war contracts for
expansion to
parts.—V.
officer.
company
President, stated that Mr. Price's election as an
of the Controller's duties in a period
aircraft and automo-',
Fred C. Crawford,
tive
1
Controller—
cities.
five
reflects
•
157,
1278.
p.
,
Peoria
&
Western
RR.—Payment
on
Debts'
>
5
checks
four
totaling $162,005,
payable
to four creditors of this
have
The"!
Office of
were
delivered to George P. McNear, President,
returned to the Government, it was announced on April 7.
which
road,
been
corporation's properties
Transportation.
are
now
being
managed
by
the
Defense
deposits of $25,000 in 1942, and $50,000 in 1941.
for dcubtful accounts: $180,628 in 1942, and $171,393
fLess provision for depreciation, obsolescence and amortiza¬
^'Including
in
>
in
Toledo,
(Less provision
ury
subsidiaries
The
$18,866,527 $13,203,149
Total
and held in treasury!
total, $2,925,723.—V. 156, p. 2231.
Returned—
3,347,880
2,100,321
—3,233,678
—™
intangibles, ,$1,657,368;
V.." .: •"
;
Price, Controller, has been elected an
his present title of Controller of the
341,291
200,000
($40
——;
E.
with
480.666
99,422
pensions_._
Reserve for contingencies, post-war adjustments
Capital Stock
$998,378;
$781,844),
^payable,
Thompson Products, Inc.—Election of
continue
126,355
Notes payable to
of
(2,160 shares), Dr$10,91S;
bonds
Savings
U. S. Treas¬
165,000
,
income—.1,534,387
and
funds,
,
deposit and on hand, $79,154;
surplus, $616,498; cost of common stock reacquired
officer
reserves—_
Govt,
>;
,
inventories,
Millard
$675,630
485,882
returns
cellaneous
Earned
;
:%=:
j: :
.
Sheet, Dec. 31, 1942
$9,125;
accrued
taxes/ other than,
Federal income taxes, $11,120; other accruals, $4,304; reserve for Fed-!
eral income taxes (current year), $93,000; deferred income,. $117,000;!
common
stock (par $5), $1,143,800; capital surplus, $941,792; earned!
v-
year
;
accrued payroll,
Advance
Employees'
one
items
Reserves, for
3Va %
2,755,500
——$37,664
payable
Provision
due within
;
demand
depreciation reserves
total, $2,925,723. •'
$18,866,527 $13,203,149
Liabilities—1,
on
Liabilities—-Accounts
53.964
Total
Reserve
146,264.
;;;•
savings notes, series A and C, $50,016;" accounts receivable, (lessl
of
$2,000
for doubtful accounts), $108,175; sundry debtors,1
$5,538; prepaid expenses, $25,280; fixed assets less
reserve
$1,815;
:
•
patent
Notes
manufacture.
of
ury tax
12,030
2,000
———
Goodwill
cost
22.660^
$0,48:
.
$0.64
depreciation on machinery, equipment, patterns and tools,|
to $5,366 for 1942 and $4,802 for, 1941 has been charged'
Assets—Cash
133.997
—
of
expense
™—
amounting
to
126,355
217,000
)
assets
debentures
Note—All
$109.476i
—™^
r
»'
Balance
and royalties and deferred
—330,056
Discount
Other
2,361.944
insurance
charges
45,000'
$144,542
stock—
common
on
414,490
tax
1,,9(
•
93,000
required)™
tax
$155,970!
$237,542
profit
Dividends
-
3,044.370
;
of
Net
■C
2,887,616
3,406,556
2,470,490
Investment in wholly-owned subsidiary company
and
j
sinking ;:v
for
3,389
-() 1,754
profits
excess
$152,581'
159,960
M 442,648
:
(contra)
banks
in
income
{employees'
payments
Post-war
%
212.834
1,447,110
materials, goods in process and supplies—
surrender value of life insurance policies-
Cash and
v
,481.414
461.881
Earnings per share—
Finished goods
$633,995
$235,789
;
profit before provi for Fed. income taxes
Adjustment affecting prior
Prov. for Fed. income taxes (110 provision for
Govt,
contracts
Raw
,
2,358,110
others—
income—.
operating
Net
1942
,
securities
Net
profit
general and administrative expenses-
Other
$1)176,883
Marketable
Gross
Selling,
$1.78
:•
Comparative Balance Sheet, Dec. 31
Assets—
88,431!
91,735
$697,670
514,368
post-war refund.
$217,700
32,076
$722,426
$789,405 V
152,739
642.960
stock™
share__..
per
.
$690,350
$1,067,186
stock
preferred
1941
•'
$771,174
chavges-Y-%U—;
765,000
stock
common
,
%;V
570.000
: $1,057,760
cumulative
Vs
commissions^j
(trade), $1,036,653; wages,
Liabilities-—Accounts payable
;
Income—Earned
197
tax__™™„
Outstanding shares of
( ;
.
"
(including the United States and foreign governments and their
(less reserve for losses of $61,7681, $1,419,903; receivable
the U, S.
Government for plant facilities
(including unbilled
trade
\
600,000
y; %
_
year__:
on
%
:
Deprec. on telescriber instruments & accessories
income
Net
f Including,
credit,'
$1,171,676;
banks,
in
HI,
$260,000 for
(After
$60,000
Federal excess profits tax.
3 475
n,959,300
surtax—_•
864,817
$1,843,001
applicable
$80,000
for the
!
"•'
$653,358
$978,184
beginning of year
retirement
$1,038,000
,
'■'234,000 )1 f 1,400,000
.
.
.
yeai%—
the
surplus at
■^Including
debt
2,183
funded debt
expense, on
%■; "
74,389
deductions„„_L__;-w+,_--Y,
and
tax
11.794
.:;\X
;
—
—
Earned surplus at end of
v.
$2,406,996
contingencies,
notes
surtaxes—x
76,000)
114.532
$3,905,623
-x—
incomey
•
Amort,
—x"
192,020
profits
for
income
Earned
and
$2,259,938
206,580
$4,390,204
operattons^,-ul-—
from
Federal
.
294,818:
205,289
242,559';
322,266
charges
Pennsylvania corporate net income tax_x—
products are
Comparative Income Statement for Calendar Years
./■;%
returns
profit
Balance
util¬
ized in this war may well be one of its outstanding characteristics.
The radio industry in December 1942 was producing at the yearly rate
of two billion dollars in radio and electronic equipment.
This dwarfs
the last peace-time year (1941) with its $400,000,000,"
:%.'■■% V
'V.
for
$3,002,604
279,784
293,494
(inch prov. for doubtful accts.t
depreciation (incl.'.•■amortization).
.Income
to
broadcasting, while retarded by the war from a produc¬
have shown substantial technical advance, it states,
12,012,987 *10,411,353
$5,285,749
depreciation-^--—b'-
profit before
Gen.,; expenses
substantial growth, in
forecasts a
and
war,
x
—
exclusive of depreciation—
goods sold,
Selling expenses:
•
standpoint,
services
to
the
of
Gross
:
experienced
1942
1942
1941
$17,298,736 $13,413,957
-
sales
Net
Cost
Commenting on the post-war future the report calls attention to the
acceleration of technical developments in the field of radio and elec¬
stock
offering.
Calendar Years—•
;'i
; y,
the company's working force was increased from around 6,000
10,000. v, /-%:f;
year
offering
will be offered will be supplied by
offering price may vary after the initial
Superior Steel Corp.—Annual Report—
~
the greatest expansion in its
history.
Sales
$32,338,870 compared with $20,561,246 in- the
preceding year.
Unfilled orders on the books and orders in prospect
indicated a 1943 volume about double that of 1942,
During the past
4V2 %
The
For military reasons mucn
%;%'''!
.
:
Robbins,
the
■
being done .cannot be discussed at this time, it is stated.
company
Common
Sylvania Electric Products, Inc.—Files Stock Offering
that
charges including depreciation,
'made; for post-war - reserves.
April 14
financial-reorganization of that company between
1938 and 1941 and is at present a member of that company's board
of directors.
In May, 1942, he was elected Chairman of the board
of Hecker Products Corp.,
the name of which was recently changed
to
The
Best Foods, Inc.,
upon merger into it of Its subsidiary of
that name.
.<
/ •. /
;;
.....
%
',v
.
•>
Mr.
Hockley has been head of Davison Chemical for the past
five years.
He is a director of the Baltimore National Bank. Con¬
solidated Gas, Electric Light & Power Co.
of Baltimore and othey
business and industrial properties. %.
•
,
( ( Four
other new members were elected to the Sylvania Electric
Products board at the April 14 meeting, increasing the membership
to
15, and : nine present members were' reelected.
The four addi¬
tional
new
directors, all actively identified with the administrative
organization of the company, are;
Don G. Mitchell, Vice-President
in charge of sales; Noel E. Keeler, Controller; Roger M. Wise. Direc¬
tor
of
Engineering, and E. Finley Carter, Director of Industrial
Relations.
•'%'•!■'■(
r
'•'■•••'
■
% .. '
•Sv Directors reelected were as follows:
Frank A. Poor, B. G. Erskine,
Edward J. Poor, Walter E. Poor, James P. Hale, F. J. Heaiy, M. F.
.Balcom. H. W, Zimmer and John B. Hopkins.
See also V. 157, p. 1277.
provision for Federal taxes,
and the setting up of a post-war reserve of $200,000, the 1942 profit
amounted to $1,057,760, which, after preferred dividends, was equal to
$1.76 per share on the 514,368 outstanding shares of common stock.
This compared with profit of. $1,067,186, equal to $1.78 per share on
the same number of common shares in 1941, in which year no deduc-
submission of the issues to
the protection of investors or
for
maintenance
thousand dollars of
^
rectly to the Government, the report states.
BIDDING
Superior proposes to sell to Northwestern Mutual Life Insurance
Co.
the $2,500,000 first mortgage sinking fund 30-year bonds, 3%%,
at an annual interest cost of 3.35%
to the first redemption date at
which the bonds are redeemable at par and the $1,000,000 of 15-year
few
a
fluores¬
cent lamps and fixtures, incandescent lamps, and electronic equipment.
Its production of radio tubes is the second largest in the country, and
its production of lamps, the third largest.
During the year the com¬
pany name was changed from Hygrade Sylvania Corp.
At the close
of 1942 85%
of the company's production was going directly or indi¬
Dividends
The
within
year
Record—
of the largest producers of radio tubes,
one
.
stock by apt
notice of the
.
company
■>;%%''\
is
company
■
exceeding
not
and
the
of eligible employees
to date 96%
to. increase the" authorized
common
175,000 shares, included in the
proposal
affected
Inc.,
increase in income before
in its report for 1942,.
50%
a
91%
which
meeting, is scheduled for action at an adjournment of the
meeting to be held on April 26.
Mr.
Wardall, as court-appointed trustee for McKesson &
Co.;
Alstyne,
;
•»
Yarnall & Co.; Minsch,
Stein Bros. & Boyce; Herbert
Noel & Co., and Wyeth & Coi£/•,"£
&
directors.
of
voted of the company's employee savings
which contains provisions for participation in
joined.
The
amount
Slocumb & Co.;
Legg
Co..;--Van
Federal
Advances from
Brush,
1941.
The
principal amount, such debentures to be
through the operation of a sinking fund
at the
1958
the
merger
(ai
cash
for
by Superior and Application of Proceeds—
has become effective,, Superior will issue and
$2,500,000 first mortgage bonds, 3%% series, due
of 100.45, an annual interest cost of 3.35%
for
Securities
of
as
soon
have
%
•
.
was
plan,
of the company and
profits
upon
board
also
retirement
a
1942 Sales Up 57% To New High
tion
Issuance
Inc.;
used
to
Hockley,
the
to
Approval
,,,'.
of stockholders held on April 14, William J.
of the board of The Best
Foods, Inc., and
President of The Davison Chemical Corp., were
meeting
Chairman
F.
elected
far as deemed advisable by
the
the companyls working capital with
be
special
a
Chester
so
to
will
Co.;. Mackubin,
Schaefer
W.
it
conversion
meet
and television
sell
At
Wardall,
and after termination of
peacetime basis.
%%%%
At
the
present
time
the
company
does not need
to use such
proceeds for financing war production as this has been provided , for
by the company's V-loan.
Any net proceeds not required for redemp¬
tion of preferred and not added to working capital, will be applied
.toward
the
purchase for redemption of a part of the company's
outstanding 3(4 %" sinking fund debentures due June 1,:--1957.;
;
Underwriters are Paine, Webber, Jackson & Curtis; White, Weld &
Co.; Lee Higginson Corp.; Estabrook & Co.; Merrill Lynch, Pierce,
Penner
&
Beane;
Putnam Co.;
Graham,
Parsons & Co.; Whiting,
the
completion
As
added
that
expectation
.the
Superior
and assets of Northern upon
to comply with such certificate
$103,845 amount which Superior
proposes ,in the pending declaration and application to carry forward
in its accounts as capital surplus upon merger, be applied in reduction
of the $259,089 of utility plant acquisition adjustment carried in the
amounts of Northern prior to the merger.
) /;
be
ings Plan Approved—'.,.;
preferred will remain unconverted' to
price.
Any
balance of net
proceeds not
redemption,
the
will
Directors—Meeting Postponed—Employees' Sav¬
New
•
much
redemption
for
stock,
dividends.'
-
how
tell
management,
.
preferred
-accrued
to
acquired
$744,177
follow:
plus
receive
a
,
convertible
snare
impossible
American
by
owned
,
which
by
at
1925
in
PROPOSED
mated
&.V:
—74,823
voting power
total
the
of
99%
outstanding.
mately
; ••
represent the balance of open account
by American to Northern between 1925 and
1937,
all of the common stock
(except three directors'
Owns
qualifying
25,000
advances
of
made
American
$794,000
par)
capitalization and surplus™-—-—-—
$794,000
advances
.
(deficit)—
surplus
Total
The
($100
at
Northern
of
-5%;
American,
from
Common
•
as
was
Advances
Earned
books,
follows;
per
at the redemption price of $46 a
At the close or business'March' 23,
1943, there were outstanding 80,032 shares of preferred subject to
redemption.
The preferred stock is convertible at the option of the
holders into common stock at any time up to the close of business
on
the third day prior to the redemption date.
Until
expiration of
conversion rights,
the company
states it is
lative
v
Monday, April 19, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
1470
of the checks, covering certain obligations of the railroad,
constituted the first advance of funds to the railroad under powers,
Delivery
recently
granted
authorized
ODT
ODT by executive order on March 24.
This order!
to make advances to the corporation from net cash
earnings for specified purposes.
;
The largest of
the four checks was for $81,276, payable to the£
Collector of Internal Revenue at Springfield, 111., for unpaid balance'
of
the
corporation's
interest.
the
Mary
The
sum
E.
Bailey
Federal income tax for 1941, plus delinquent)
of $38,984 was made payable to attorneys forj.
estate, in satisfaction of a judgment entered,
against the railroad; $31,229, payable to the Central Hanover Bank &;
Co. of New York, was for six months' interest on'first mortgage
Trust
Volume
the
bonds
of
'claim
for the
The
',
•
death of
$10,525
settlement of
for
was
the
could
it
made
Government
be
not
clear
the
'
because
accepted."
ODT
•to
damage
a
'
.
.
to
rei timed
conditions
the
THE COMMERCIAL
employee.
an
were
conditions which
"with
of
"One
and
corporation
checks
four,
sent
-were
Number 4169
157'
1
'•
by
.
'accept
under -such
■
•
A
checks
the
Eastman."
1
' %
■
conditions
A
;
.
.
be
•
is
returned
and
them
-A'-''
-.■
-
■of
:
y
•
McNear,
asked Mr.! Eastman-to
March 30,
on
obligations of the road and charge them against the compensation
he said was-due the road for its properties, which were seized a year
V.
refused
when Mr. McNear
157, p. 1277.- ■
three-months'
a
income
Account,
■Railway operating revenues:,
Years
Ended
' vA.\
y;
•
81
Dec.
-vA-I
AG"
1942
$36,134,948 $26.636.172
-
A-—..
A
11,263.294
A. 1,079.457
-
Express
Miscellaneous '
..
A_A~.tv~-_.A-™A__AAlAAlt599,615
-304,605
,
•Vermont
railway
'the
Maintenance of
Maintenance
Traffic
way and structures..,..;..-...
of-
sell
__J._AAA-AAA>.,:A~AAAA—t
-
trail
Miscellaneous
Gcneral
Transportation
linejAAAAAAiAA;:.:
'AALAiLAaA..
__-._AAAAA'--~—AA-
for investment
3.679.083
liability
estimated
1,040.886
930,151
899,167
341,768
1,303,473
1,212.998
,
iCr)
stock,
Net
from railway • operations.::;
accruals:.
i_r.__-.AAu..-—-'i.
revenue
tax
$22,130,935
■r
income .'A-AAA-Aa
A _u u AA A r- -uA _A.-A
Railway -Operating
Net
rents
Net
'Dri
_
-
income
1,129,793
i.
railway operating -income AAAA'aA
.Other
8,600,036
$13,530,899
_
$12,401,106
AAaAAaA;aAA~aA.-A
.Total
income
;492,829
income
$12,893,935
50,101
,:A.AA
cancellation
accrued
inter¬
such
(no
to
agent
an
stock
common
of
shares
960
It
(no
Twin
(3)
that
dividend
is
income
Dividend
(no
Central Vermont:
that
at. the
par)
(li
of
will
Twin
series,
which series
of
price
State
shares
are
•
,
Henry
will
3,849.265
in
the
presently
•
Corp.—New Official—
rupcr
&
Vice-President of the Brown Co.
P. Carruth,
shortly, join
President,
11,706
.$9,003,541
$3,546,001
1,572.700
.
1.185.150
appropriations of surplusA_iAA-AA
sha.reAAA-AAiAAA,
General Balance Sheet,
Assets—
$20,17 A-
Industry
Union
the
according
&
Bag
Corp.
Paper
in Berlin,
N.
Executive
as
and
and
car-service
balance
H.,
Vice-
and
assets
,4,161.401.
5,289,322
Liabilities— -.A
stock
ommon
Preferred. stock.
in
aid
Audited
193,922
and
A
626.623
matured
interest
rents
78,062,000
2,280,735
202.231
77.652
liability AA AA A A aAa A_A A V 6.040,974
353.430
liabilities—A aA A-A A.—A A
-'—.AA——A_AA—AaA- : " 319,921
Unadjusted credits "A^AAAu aAAAAAAA' 20,788.459
for
1,769,797
ta x
surplus
"orporate
AAAu__A-A__-i—A
of
381.887
Ai"
48.633,471
v.
-____2A_.y-l.A—AA 227,373,426 214,002,345
: A.".--.
A-,A-: /AAA AhaAA.'
i
157.
1190.
p.
The
April 7 declared
on
5
cents
A
and
share
per
of
Nov.
16,
directors
2
cents;
declared
the
the preferred stock,
on
record
12'/2
also
May
22.—V.
157,
,
'•:;
usual
$100,
par
351.
p.
d'v'dend
of
mail
carried
the
5,765
to
257,336
by
amount
9,462,
in
pounds,
increase
of
of
to
3,697.
over
47,834
Mail
February,
pounds,
33,790 pounds.—V.
the
1942,
W.. B.
Fageol,
has been
136.771
with
1422.
Twin
real
and
in
with
shares
New
to
bonds,
gold
the
of
assets
22
in
by
the
Service
SEC
Co.
a
and
sell
3'7
at
deferred
stock
(no
New
debentures
Co.
and
incidental
consideration
Aug.
to
'. y
proposal
31,
of
1942.
of
Dec.
other
$4,048,978
Twin
relating
in
1973;
an
1925,
to
and
reduce
other
the
It
State
(2)
all
is
as
and
Mr.
The
Lane
of
United
has been
1934,
Absorbent
Co.—V.
stocks
entire
it
one
of
interest
the
Drug
United
Co ;
Mr.
156.
President
and
is
of
of Seamless
also
Co.
Cotton
Pres.dent
America
,
of
and
2142.
p.
Co.-—Weekly Output—
the
Connecticut
that
in
Charles
to
company
U.
f-led
an
U.G.I,
hie integration
in
application
the
asking
with
Commission's
and
owns
$1,815,000
of
Bay
Br.dgc-
■
step
cash,
the
Securities
shares
stock
and
the
of
UGI.
Apr'l
on
Exchange
above
2,
1943,
Commission,
sale,
sell,
to
proposes
common
of
program
approval
71,805
39,046 shares of
and Bay proposes to buy for
preferred
stock
($100
pari' and
of
($100 pari
Connecticut
of
Railway
and
Lighting Co., and in connection therewith,
from
the
due
public
Jan.
1,
$5,303,000
1951,
of
U.G.I, proposes to purchase
refunding 4 V2 % 50-ycar bonds,
Railway and Lighting Co. at $105
first
and
Connecticut
and concurrently to sell said bonds
Power Co,, which presently
leases
Co.
at
$105
the
A
•
to
Connecticut
utility
-
.
assets
and
Light
Connecticut
of
A
.
Walter Carr, Vice-President in
charge of operations of the Connec¬
Railway & Lighting L'nes, operating in and between Norwalk,
Bridgeport, Derby. Waterbury and New Britain, stated that the change
of ownership, when and if approved
by the Commission, would in no
way affect operations or the operating personnel of the
company,
amount estimated
at
March
Central
the
of
Vermont
merger
Public
by
1,
1945,
outstanding bank
$451,300.
Service
which
Co.
Central
the
proposed
Twin
to
will
assets of Twin State and assume air of
State,
and by which Central, Vermont
will
surviving corporation.
that
New
England
-
.
.
y
Public. Service
•••
Co.
,
,
will,
Thus
Mineras,
if
in
accord.ng
the
S.A.,
approval
estimates
it
is
granted
the
on
;
plane
fares
be
will
fares
pay,
fare
basis
be
would
filed
of
as
lower,
May
1
a
A.
A,than
more
12%
compared
as
to
turning
'the
of
over
in
with
released
figures
airplanes
flown
March
in
estimated at
of
last
increases also
The
big
to
its
the
the
to
by
Mr.
of
industrial
surg'cal
which in
1942.—V.
157,
of
and
years,
was
in
miles
flown,
for
government
compared
Income
157, p.
merged
of
Taxes
air
in
express
States
Rubber
unit
a
of
and
W.
has
Va.,
plants
been
it
is
'
March
associated
the
with
been
past
synthet'c
'Provision
which
for
in
the
for Federal
for
income
income
4No
and
is
stated.
is
the
Avorld's
..A:-
plant
157,
first
months.
let
was
in
Justin
W.
who
is made
from
alcohol
in
plant
be
this
and
General
of
to
of
tax__.__.__.
•In
The
Vadsco
A
will
aircraft
sales
to
$1,360,352
64,174
14,751
has
been
May
1942.
Sales
excess
Rexall
57,900
12
to
of
operation
that
with
A
;
unit
at
Drug,
There
the
of
in
the
retail
in
are
stores
Federal
in
New
United
numerous
in
"E"
the
Inc.
succeeding
Mr.
and
Dart
Joseph
will
future
Galvin,
Net
in
company
have
the
more
1940,
the
producing
third
a
West."—V.
stockholders
two-thirds
proposed
not
was
agreed
to the
was
adjourned on April
majority of stockholders
of
merger
represented.
A
consolidation,
it
this
majority
corporation
of
those
stated.—'V.
was
14
re-
and
present,
157,
1942—Month—1941
1095.
p.
1942—12 Mos.—1941
$2,714,730
___
$2,211,331
956,805
revenues
792.966
10,575 892
$29,712,116 $24,334,029
income
2.286.843
2.734.704
2 525.423
542.279
taxes.
170.670
212,090
316.600
5,903 000
3.260 000
1.838.075
207,708
oper.
183,419
2,416,009
2,123,334
$565,891
revenues.....
income
$535,586
$5,805,663
$5,659,467
■
(net loss)
_I
&
8.9<7 737
207.788
234,258
__A-—
.
19,024
12,274
223,370
36,529
$523,31 1
$5,582,298
$5,622,937
.
$546,867
amortization
Balance
158,407
151,333
1,827,419
1,791.982
$388,460
—
Pfd.
dividend
—V.
157,
$371,973
$3,754,879
$3,830,956
require.__
1,171,602
1,171,602
-
—
262.
p.
-AAA
Ward Baking Co. ■(&
Subs.)—Earnings
12 Weeks Ended—
profit
*After
A.
of
depreciation
ton
40%.
which
unpaid
■
—
Mar. 20.'43 Mar. 21.'42
$320,363
—
—
Earnings per Dreferred share.
and
the
provision
255,803
dividends
Federal
for
shares
to
amount
C$142.102
t$1.25
—
$7
$51.40
a
$0.55
taxes
income
cumulative
share.
the
at
preferred
stock
tAdjusted.
Vice-President—
New
Lee
retailing
urer.
T.
Melly,
He
Treasurer, has been
joined the
157, p.
company
in
elected Vice-President
1941
as
Controller
and
and
Treas¬
Assistant
1095.
operated
Western
the
which are producing war materials. Two Army
awards have thus far been received for excellence
President of United Drug, Inc. since 1941, will continue
United Drug Co., the chief manufacturing subsidiary,
of
to
for
in
been
has
continue
subsidiary.
subsidiaries amounted
chief
production.
President
war
state¬
a
synthetic
England
prepared
plant
near
another
the
Other taxes
on
by Liggett Drug Co.,
Inc. include its subsidiary.
Pacific coast area; the 47
stores and some 10,000 independent
States, Canada, England and South
manufacturing subsidiaries of United
stores
Liggett
the
also
135
in
use
to
-
the
the
approve
Treasurer.—V.
392
with
for
company's
Corp.—Meeting Adjourned—
Period End. Dec. 31—
95,899
$1,185,529
Inc., several of
Navy
war
as
board.
Inc.,
Drug,
at
rubber
adjacent plant
an
accord'.ng
the
were
and that
expect
f;
,
in
for
We
,
because
Inc.,
however,
profits tax.—V. 157, p. 1094.
President,
the
of
Co.,
United
of
Canadian
druggists
Africa.
in
elected
the
divisions.
1941,
jointly
meeting
May
Dolettrez,
$1,281,428
1942.
Drug' Co.,
wholly-owned
and
in
Drug
of
synthetic
company
synthet'c
allocated
t'res,
Manager
chemical
'
special
ouired
merchandising outlets of United Drug,
Owl
Mr
prior
addition
been
Chairman
the
1942
$911,132
Liggett
$121,997,977
Inc.,
has
Dart
first
this
synthetic rubber -plant to be bu'lt and operated
United States
Rubber
Company," Mr.
Co?
Designs
in
operation
Interest
31
$969,032
I
period
becomes
President
The
by
1094.
p.
Other
United Drug, Inc.—New President—Sales—
as
with
Corp,
Coe,
second
September
rate
Galvin,
&
inst tut on
plant,
by
largest
Chemicals
Naugatuck
the
"The
six
contract
since
P.
government
Maintenance
8,793
income taxi_^
provision required for Federal
Davis
Bank
1367.
p.
bulk
operation
Carbon
produced
John
the
than
&
largely in m'litary
by
rubber
of buna S,
by Carb'de
rubber
ment
-*Net
Net
that
identified
rubber
comprising
placed
Depreciation
$1,004,930
_________—
taxes
Parke,
National
announced.
plant,
ingredient
products,
air mail
27,105
before Federal
of,
The
Br'dge-
Co.—Unit of Plant Ready—
90.000-ton
owned
Institute
Operating
expenses
Net income
of
in
with
1094.
Statement Ended
(excl. prov. for Federal
with
First
Railway & Lighting Co.'s affairs,—-V.
program,
Balance
dividends-.__—1
from
plant
a
Virginia Electric & Power Co.—Earnings—
1191.
Income
founder
was
w'th
a
number
a
director of the latter company.
a
committee
has
He
for
Advisory
first
The
same
a
p.
c'rcles.
1931
executive
Connecticut
dressings,
Bay becoming
the
of
gas,
chief
Harold
revised prospectus dated March 31, 1943,
cumulative preferred stock which discloses that
5%
management
Connecticut.
plant under operation by one company, produces buna S, the
type of
synthetic rubber chosen for the major part of the Government's
syn¬
thetics rubber program, the announcement said.
The butadiene
until
airplane
1,717,140 as
shown
were
the
Conn,
the
resident
a
known in
Government
The
year.
United.—V.
in
Bridgeport,
operating
of
A:
contemplated
at
revenue
United flew a total of approximately 27.088,000 revenue
miles in the month as against 24,141,413 in March, 1942,
were
its
as
main¬
"
.
was
office
State
of
Bridgeport, having been
United
"This
estimated
the
under
and
un
of the War Department.
understood that Mr. Bay w'll assume an active
part in directing
is
operated
'.
40% cut,
and that for transporting the
12%—
well
as
operations,
built
Bridgeport Manufacturing Association and other Connecticut organiza¬
He is also active in the
petroleum industry as well as in shipping
and aviation, being a director of American
Export Lines and Amer'cau
Export Airlines. He is also a member of the Purchase Policy
rubber
United's
that
annually
of traffic.
21V2 % in revenue
of over
of
change
business
charge
has been
sections,
Chairman
a
in
been
company's operations for
having come from United Gas Improvement Co.
of Detroit,
is
financ'al
has
company.
no
wholly within
been
well
is
that
ma'11
manufacturers of
and other
Co,
He
Mex¬
A'
A A-A
March
to
and
years
Bay Co.,
has
years,
U. Bay
Institute.
increase of
during
flown
company's
Charles
port
further
company's
maintained
of
transportation
system
territory served by the
the
Carr
number
a
year
an
the
be
Mr.
company's
coach
motor
stated
of
the
way
modern
the
Carr
location
will
any
its
,
temporarily
military air traffic continuing at its record pace,
registered
ago,
Consolidated
propose
Vermont
in
wh'ch
Connecticut
1943
'
remaining
of
ort
change
Operating "Vice
the
to
serving
A
use
Hampshire further proposes:
(1) to issue
cash $1,000,000 first mortgage bonds, series A,
to issue
and
sell
privately for cash at par
agreement
an
liabilities
continue
its
As
United Corp.—Earnings—
than
to
proposes
due
its
last
Increased
and
decrease
a
January,
7
and
10-year
into
acquire
Treas¬
.
sell
It
1936,
serial unsecured notes;
(3)
to
use
the
proceeds
from the sale of such securities, together with available treasury
funds,
to
purchase the New Hampshire properties of Twin State.
Twin
Pres'dent
the
port, Conn.
16,800 shares of the stock is held by firms who originally underthe issue:
This stock was first offered to common shareholders
wrote
Finance
securities
for
State
1,
of New
for
privately
$3,000,000
enter
of
Comm'ttee
"
United's
mail
its
011
Corporation has prepared
Hampshire
of Nepsco Appliance
par)
A, dated March 2.
call price of .101'.i- and
Service
due
3V4C.,
preferred
responsible for
A United Aircraft Corp.—Revised Prospectus—
and
series
current
Public
Vice
Treasurer
leave
2231.
the
on
of
of
stocknolder rela¬
be
will
$1,600,000
■
lower
The
as
Quarterly
April
assets
cash
from $2,255,250
loans
and
Operation
planning,
on
pertaining to
its electric
and
Hampshire and its electric business in Maine,
current
a
p.
and
purchase
and
places
said.
Traffic
Cons derable
proceeds from the sale of its New Hampshire properties to redeem
$2,435,200 outstanding first lien
and
refunding mortgage 5 V2 A
its
holding
as
tions.
first
an
Co.—Hearing Set On Mer'2'
Public
used
common
for
for
set
sell
$10,000
of
incidental
current
the
to
156,
cities,
some
•pound miles flown by
■' Ay
y
and
Brehm, who is
act»vit.es.
the
announced that its proposed revised
has filed with the Civil Aeronautics Board
it
airplane m'les
Current
been
properties
estate
net
Executive
as
subs'd'ary since
Products
number
United
charge of
Aereas
to
business, k
mail
miles
2,187,465
about
production
•
Vice-President.—V.
a
-
company
together
Corp.
renamed
State Gas & Electric
business
gas
formerly director of
Vice-President,
Paul H.
a
not
hearing has
and 20
at
was
Etc.—
rights
top
well
as
Verm lya, E. J. Gf.ff.ng,
been elected Vice Presidents
Exchange Commission,
majority of the common
Railway & Lighting Co.
(Operators of the Connecticut Railway & Lighting Lines 1 has
agreed to
and
Co.
use,
Revenue
pounds.
14,044,
y*y
Jr.,
elected
absence,
the
the
with
Vice
as
Holdings In Connecticut Ry. & Lighting Co.—
for
totaled
month
of
compared
as
156, p.
for
of
year
passenger
:
A
on
corporat.on
the
A.
have
Gas Improvement
Trust
A
approximately
in
Lines
largely
A military
Twin Coach Co.—New Vice-President—
of
Cotton
elected
7
a
due "
this
increase
an
amounted
gei-j
positions
Norman
Lane
also
is
Drug Co.;
Patter¬
Vice President in charge
Despite
the
increase
an
Express
of
continue
Smead
another
was
departmental
with
now
Lineas
to
month
company
in February
was
more
than
corresponding month a year ago and air
express increased more than three times, according to figures released
by O. T. Larson, Vice-President.
The number of passengers grew from
double
Thatcher
subsid'aries;
President
years,
under
pointed out that United has also accepted
civilian
Air
passenger
jyr-:A;A>i''*AA"
in
was
intends
Crary,
payable June 1 to holders
AA
Chicago.
in
United would receive $1,700,000 less
annually from the Post Office Department.—V. 157, p. 1094.
pay
With
SI.50
Trans-Canada Air Lines—Business Increased—
Air
Co.,
To Sell
",v
Board.-
other
total
and
volume
United
'.A'7'..:;,'
quarterly
will
March
stock,
•
of
pound-mile basis,
per
and a regular dividend of 12Va cents per share on the common
par $2,
both payable May 15 to holders of record May 1.
A
distribution of 12Va cents per share was made on this issue on Feb. 15,
last.. Payments last year were as follows: Feb. 16 and
May 15. 25 cents
President
April
which
of
scores
Patterson
a
Amah
share
The
and
Inc.,
Jr.
of
becomes Vice President
Inc.,
Drug,
Davis,
Subject to the approval of the Securities and
the company, for many years the owner of a
proposed effective date of June 1.
a
same
■
of
13
Proposed—
011
announcement
Mr.
-
dividend
extra
an
Revision
and
with
-
Trane Co.—Extra Distribution—
directors
each;
executive
new
F.
officers
electric output for the TJGI system comnenies for tHe
week¬
April 10,
1943, amounted to 129.246,365 kwhM an increase of
19,387,237 kwh., or 17.6% over the corresponding, period last year.- ■
were
If
the
Civil
Aeronautics Board
approves
United's proposed lower
tariffs the hew fares will generally be no higher than first class train
on
(The)
seven
the company as well
seven
serve
associated
Newey
United
Aeronautics
.travel'costs,
■
past
will
served as Assistant
elected Secretary,
was
Mr,
capacity
which
present volume of
the
Total
A;'.^:A A-;7'" ■'
'approval, will "result in substantial rate reduction between New
A reduction
19,167,298
54,053,953
became
has
said
corporation
York
121,757
liabilities
the
He
President—finance,
1941,
advisory
airline
tariff^, notice
;
65,882
.
157,
in Per-
and
April
Secretary of
as
program. :
Who
since
Tariff
654.722
current
Martin,
Patterson
The
5.910
6,259
'647,189'
A
A
held
meeting
for
to the
elected Vice
the Civil
101.530
86,322
A AA— AA—A-
accrued. yAA4-__iAA-—
aceruedAAAAA-AA-AA'
ican
1,891 AO 1
A
P.
financial
by
65,882
Deferred
S.
Mr.
Assistant
as
financial
President
1.108.852
payable—., A
un pa id.
Unmatured
Other
other
five
United
William
The
A.
W.
President
Newey,- who
was
United's
610.737
77.434.594
____A__
Board.—V.
elected
were
capacity of coordinating various
joined United Air Lines in 1930.
W.
year
tions,
'
.unpaid.—__ca_AA:——_A
Unmatured
-last
38,755.000
A:__;
payable
wages
accounts
■■
Willcox
23,703,000
(Cr) __—A_A_
A
balances
included
the
to
the
John
A':'
38,755,000
directors'
President—administrative.
Mr.
214.002,345
23,703,000
officers
Lines
Willcox, who has served
in
a.
I'A'.A-A
■
—AA_ A
-
matured
Dividends
A";-.
-V.;
Air
annual
reelected
son
56,784
construction..A_—A-_A.AuA
car-service
Miscellaneous
Accrued
of
ended
&
M.
Vice
1,685.831
227,373,426
the
at
Assistant
as
16.719
321,911
...
...Ja
—ulAA A—A AaAA—_
accounts
Interest
A,-a;.
.
of
Long-term - debt
and
2,553
3,617,434
__aAAAAAA_—-.-AAA
AaA—AAAaAA__..A_~_—A.:
Traffic
United
other
tained in
-
Officers
p;
4,771,775
17,366
__.aAaA_AaA_AAA
debits:
Production
War
:-AAA:A:';
-
.
ations.
2,637,568
_A--AA'----A—---—
asset's
Total
197,100
A 464,503
492,321
_
dividends, receivable.——AAAa
current
Deferred
conductors.
receivable..A_Ar-AA
supplies.,.—AAA.—_AA_„_A
-
Calder,
member of the
a
Patterson,- Prsident; J. A. Herl.ny,
Vice President—operations;
Harold Crary, Vice President—traffic; C.
C. Thompson, Vice President—public relations; N. B. Haley, Treasurer;
A and Seely V;" Hall and R. L. Dobie, Regional Vice
Presidents—oper¬
1,000,000
.
A—
tprj
&
-.('1-'
,',A 81.778
;.A: A 40i
269
'A;
:
United
new
reelected
•
1-861,414
A.; 77.813
.
accounts
and
Unadjusted
balances
from agents
receiy,
Miscellaneous
Material
invest,ment&.A%AA-AAA'AA-.
AA—...AAA—-AA-.uAA-A
,bills.receivableAAA-AA_AA-AA
Three
201,225,919
6,200,000
the
Committee of
.
by Alexander
Mr. Carruth is also
,sonnel—
A A.
$
200.813,401
6,188.266
Temporary cash
Special deposits-;
Grants
of
Mr.
1941
$
-----L
-
made
announcement
an
United Air Lines Transport Corp.—Changes
;
"
Other
F.
w.ll
Mr,
United
$6,09
1942
.
_
to
latter company.
Advisory
903.,
;. p.
AAA
Dec. '31
'a
-a
_L A__ AA A. A_
Investments;
Interest
tor
Rubber
the
assume
sell
37,856
of
Cd
Drug
President of
Verm'lja is also Executive Vice President of Liggett Drug Co.; Mr,
Griffing is also Vice President and Production Manager of Un ted
Drug Co.; Mr. Bond has been Vice Pres.dent and Merchandising D.rec¬
State
for distribution to Nepsco,
that Central Vermont issue
stock
United
corporation,
Davis
Co.;
Un.ted
proposed
Union bug
A
$7,406,965
11.700
•
debtAA(A^-—AAA_-
Earnings per common
Net
the
Mr.
Drug
,
further
President ol the
Traific
of
to
Drug,
and
the
promotion
Irving W. Smead
United
Bond
C.
the
subsid'aries
of
of
re-election
the
be
'
Loans
A.
board
newly-elected
Central
Twin
by
its
and
company,
urer
the
Dart,
announced
Pres.dent
and
of
W.
13
Railway and Lighting
A
'OhargesA-tAAuiA $12.843.835,.
3,828.594
la.A-~AuAa--~aAaaA_vA-
Interest on 'funded
Net.
Justin
Apr.-l
two
to
to serving as Chairman of the Board of United
Drug, Inc.
Liggett, founder of the United Drug organization, continues
K;
each
for
State
(2)
appointed
par)
common
stock
common
payment of the bank debt
of $451,300; • (2)
issue and
amount
$6
1094.
55.809
;,
addition
Chairman
Ver¬
and that Nepsco purchase such shares.
proposed
the
for
deliver
Central
par)
$7,462,774
available for-fixed
charges'
•
from
in
Louis
as
ticut
Income
Fixed
.AAa__-.AuAAI~.a-_.
_-_ur
.
deductions
of
outstanding.
p,
Miscellaneous
the
A
v
•
that Central Vermont apply the proceeds
from the sale of its, notes, bonds, preferred stock and common stock
$11,175,932
3,252.111
.as
follows;
(1)
to
pay
bank loans in
the
amount
of $250,000;
(2j
to pay the bank loans of Twin State to be assumed under the
$7,923,822
agreement of merger;
(3) to pay the redemption price of the 7',A
1,
985,748?
.prior lien-stock of
Twin State;
(4)
to
pay
for certain securities
proposed to be acquired from Nepsco;
<5) to provide the company
with the necessary funds for the purchase and construction of prop$6,938,074
.524,700
Aer'ty to be used-in the carrying out of it's corporate purposes.—V. 157,
27,325
■
Railway
to
privately for cash
$800,000 of its first mortgage bonds- 3Vi % series C, due 1973; (31, issue
and sell privately for cash at par $2,150,000 of 15-year serial unse¬
cured
notes;
(4)?'issue and sell for cash 5,000 shares of preferred
9,607.166
y:;
share
one
stock
common
acquire said, shares;
cash
further
5,919,896
13,338,418
operations
expenses
is
It
7,592,421
;4
of
Nepsco
for
$50 per share
A
of
interest in the assets,,of
Vermont upon the merger;
and
shares
that
5,458,932
V-
equipments ^.A-vA-.A-
Transportation
said
and
and
$32,839,670
of
basis
issue
248.979
-
,
$51,764,233
revenues_A.l_
operating
shares
Central
by
603,225
of
Total
by
with
Nepsco's- equity
421.503
.
-
therefor
the
on
of
acquired
560.221
•:<
__u-A~--A,A-A-U'_____:i.'A --448,936
facility
mont
959,492
'
Central
surplus
of $341,421, and for the creation,
surplus, of a reserve in the amount
investment
in
"other
physical property";
State's
receive
$50
3,410.078
'
"933,378
Incidental
Joint
and
1941
A_A_..-___AA-AA:-AAA-AWAA'_A_
Passenger
Mail
Vermont
of
write-off
capital contribution to Twin State
obligation to it which, together
a
Central
stock
capital
a
It is proposed that Twin State prior to the merger will call for
redemption and retirement all of its outstanding 7',;. prior lien stock
(at 110'ff
plus accrued dividends) and the obligation to deposit the
redemption price in trust is to be undertaken by Central Vermont
under the agreement of merger.
It
is further
proposed: (1) that Nepsco tender for conversion its
"present holdings of
17,929 shares of common stock of Twin State
■
,
to
common
capital
its
against-
the
creating
1471
; 1
strike.-—
Pacific Ry.—Annual Report-
Texas &
Freight
arbitrate
to
such
of
of
aggregated $319,240 at Dec.- 31,
1942, and by
the
surrender
of its holdings of aa 01 the outstanding Ad,o25 snares of aA cumula¬
tive preferred
stock of Twin State.
due
■ago
TWin
the
for
contribution
shares
purpose
CHRONICLE
est,
various past-
pay
.
make
of
A
'
Mr.
$250,000
12»
:
specific
from
transfer
capital
a
11,829
of
the
forthwith
used
by
Mr.
to
•■■'..
surrender
for
make
(1)
merger:
the
Vermont
they
trying to evade
■payment of compensation for the T. P. & W. .properties which have'
been taken by the Government," Mr, .McNear said.
"We could not
•
the
& FINANCIAL
Frederick
ager,
p.
has
Electric Co.,
W.
been
Bierwirth,
elected
Inc.—New Director—
Vice-President
member
a
of
the
and
board
Telephone"
of
Sales
Man¬
directors.—V.
157,
1368.
West Texas Utilities Co.—Time for Purchase Extended
The SEC on March 31
company
Power
&
may
purchase
Light Co.
extended to June
all the
<•
-
30 the time
within which
the
outstanding securities of Pecos Valley
'
«
•
The
effective Jan.
became
offer
purchase
period and, at the option of the company, was subsequently extended
to and incl. March 30, 1943.
At the close of business on March 27,
(Stated
that West Texas had
offer provided
Cost Of
the right, at its option, to
offer.
such
1095.
P.
Such
Net
6 Months Ended—
37,239,058
424,821
$1,565,126
$1,028,014
157,572
$749,000
$403,000
21,000
21,000
19,000
from
'
—*rr-
income
Fed,
income for
84,000
60,000
388,000
87,000
months-—-'
$165,000
$298,000
of fiscal year-
851,000
599,000
459,000
of
Cost
from
——
——
Total
Capital
surplus
:
.
dividends
Surplus
157,
354,883
584,200
$194,498
Years
Calendar
for
Account
1941
3
1939
$
1940
<J>
114.083,764
102.683,675
99,704.353
93,590,559
16.995,237
11,400,089
6,113,794
1,439,709
1,573,193
1,518.514
18.459.841
12,839,798
7,686,987
5.550.818
3,967,558
4,065,406
4,170,704
Yale
_—_
Interest
Fed.
for
taxes
income
surplus
Previous
Total
1,506,000
9,354,442
7,366.240
3.621,581
71,333.576
surplus
78,167,954
75,741,790
—
85,534.194
79.363,371
Net
Int.
2,090,078
1,045,038
111,260
110.540
150,379
71,351
(net)
of
Shares
loss
Earns,
$1.32
reserve for depreciation, rent for lease of plants,
appropriated for depreciation for 1942 was $10,-
Amount
etc.
344,665;
$3.46
$7.05
and 1939,
$8,198,166,
1940,
$8,185,766;
1941,
1,045,278
1,045,278
1.045.277
1,045.276
.
company's
amounting
liability for excess profits taxes indicated for either
$8,269,999.
$
;
_
~
Inventory of materials and supplies—-——receivable
15,946,315
——_
i—
JSpecial
deposit
Accrued
interest
Cash
in
banks
U.
'4.
and
on
sub.
hand
•
,
Deferred
charges
■—
$1,411,167
486,656
$1,024,150
364,992
-
-
——
$924,511
$659,158
5,131,697
4,892,612
4,782,054
486,656
486,656
$3.43
486,656
$2.90
486,656
$2.10
out¬
U.
for
S.
Government
profits taxes.
excess
and
1942
Note—For
$2.56
share—
per
Germany.
1941
excess
.
7,226.698
U.
figures
no
Balance
are
included
Sheet,
11,089,577
1,125,000
1—
—
7,352,304
equipment
advances
and
subs,
to
and
Net
Funded
debt
and
patents
insurance,
taxes,
goodwill——_
etc.
Accounts
payable '
15.200,175
(estimated).
Accrued
taxes
Accrued
interest
and
Reserve
12,348,168
Dividends
861,803
for
other
!—
Surplus
1,347,191
.
V
•
—
under
trustee
Western
ployees, war bond subscription.—V,
392,359.597
Union
13.8%
and
raises
pay
of
10 cents
—
drivers'
of
162.
p.
1000.—V.
Wilson
been
&
Co.,
Inc.—Debentures
outstanding convertible 3%%
called for redemption
at 102
and
Bonds
first
debentures
said
bonds
or
offices.—V.
mentioned
4",
mortgage
157,
20-year
1
98,326
and
taxes
2—;
p.
either
of
:
afore¬
1368.
other
Woodall Industries, Inc.- -Earningsincome
Earnings
—V.
after
per
1943
1942
$103,096
$47,860
$0.34
charges
common
$0.16
share
157, p. 352.
(F. W.) Woolworth Co.—March SalesPeriod End. Mar. 31—
Bales
—V, 157,
;
p. 1096.
1943—Month—1942
1943—3 Mos.—1942
$32,901,369 $30,265,999 $93,505,512 $86,077,207
,
r
*
157,
1095.
p.
1943
1942
1941
$1,096,362
394,218
$1,300,652
569,542
$1,521,14)
$702,144
$731,110
$965,92)
68,988
56,811
$771,133
adm.
and
exps.—
$787,921
profit
Income
Net
12,166,400
income
of
$200,000 for
both years.
1942 and $9,297,927 In
in
$28,749,469 $24,202,900
tLess reserve
—
555,21*
55,52!
Jan.
for depreci¬
1——
136,667
32,176
39,52
taxes——.
280,685
230,043
238,22
etc.
Income
profit
31,
142,62
$525,702
$1.29
$353,781
$0.87
———————————
$601,06
$1.4
provision for depreciation for the six months endeamounted to $232,240.
(2)—The operations of L. A
The
1943
Industries
Young
consolidated
1941.—V. 157, p. 48.
$1,021,44
profits tax.—..
Earnings per common share—
5,131,697
Canada,
of
herein
the
on
and
Ltd.,
basis
of
its
the
subsidiary,
official
rate
of
have bee:
exchang!
during the six-months period.
Such operations resulte-,
In a net profit of $3,916 after appropriate translation of Canadia
assets and liabilities at Jan. 31, 1943,—V, 157, p. 264.
Corrugating Co.—Registers With SEC—
company
on
March 30 filed with the SEC a registration state¬
shares of common stock (par $1).
a
Zonite Products Corp, (&
was
at
a
of the company's total dollar sales volume.
Company's normal manufacturing facilities are primarily
mately 55%
for
pressed,
drawn
included
.
automobile
running
boards,
and drawn
and
stamped
fenders,
radiator
doors,
grilles
designed
metal products.
Items produced
instrument panels, dashes, hoods,
and
shields,
Before
.
miscellaneous
stamped
less
"Cost
of
and
Net
profit
Federal
of
the
company
were
converted
to
the
present
the total dollar sales volume of the company was
approximately as follows: Parts for the automotive industry
25%; miscellaneous drawn stamped and pressed production for general
Industry 25%; conductor and eave troughs and other metal parts
produced for tinners and plumbers 10%; and jobbed items which the
company purchases from others, 40%.
Jobbed items included bath¬
tubs, insulation material, brass and iron pipes and fittings, radiators,
furnaces,
boilers, hot water heaters, air conditioning units and a
production
general line of builders',
the automotive industry
household and plumbers' supplies.
Parts for
original
equipment
were
manufactured
replacement purnoses,
In normal times the company
for
•
.
had more than, 200 active -accounts*
$325,737
$208,29*;
21,321
27,484
33,83'
$511,745
$353,221
$242,13 f
per
76,314
63,648
67,50"
43,750
41,20
10,170
19,580
5,93
$241,416
123,843
$226,243
$127,49
123,848
1
$0.29
$0.27
$0.1
taxes.*——
paid
tEarnings
$2,290,58
183,844
income—
taxes.
for
Dividends
year—.
—
share
common
"Includes depreciation
242
In
1940.
of $21,667 in 1942, $20,950 in 1941 and $37):
tOn 825,656 shares outstanding of capital stock.
Consolidated
including
facilities
$490,423
1940
i
—
income
parts for the automotive trade and metal parts for various
the
2,082,29'i
——————
__
from
profit
2,239,841
operations
from
Income
Foreign
$2,565,578
expenses
income
Deductions
$3,087,171
selling, admin.
goods sold,
Other income
1941
al-
!——~
general
Total
1942
2.596,748
and
returns
lowances
Net
casings for water coolers, meter boxes, dust
collectors, gasoline pump housings and bodies and boiler casings.
industries,
and
:
sales,
Years
'
'
Gross
incorporated in
executive offices are
November, 1902, in
in
Subs.)—Annual Report—
Consolidated Income Statement for Calendar
part of the 190,906 shares now outstanding.
Pennsylvania Nov. 12, 1902, and its
York, Pa.
Company commenced
small building containing approxi¬
mately 10,000 square feet of floor area, located on Adams St., York,
Pa.
The business, which expanded ahd continued without interruption
to
1917,
consisted principally in the manufacture of
tinners' and
roofers' supplies, such as metal gutters, downspouts, leaders, siding
and roofing. To aid In the World War I war effort the company in 1917
broadened its scope of operations to include the
manufacture and
sale of pressed, drawn and stamped metal parts.
During the peace¬
time years which followed, this part of the business was expanded.
It accounted in 1941 for approximately 50%, and in 1942 for approxi¬
war
Six Months End. Feb. 28—
(bank), $365,000; accounts payable (trade)
$41,051;
accrued
liabilities,
$838,880
payable,
-——
Operating
Excess
divided
Net
fo
deposits,
shipping
Total
72,998
covering 50,000
Company
Called—
the
dividends
profit
Other
$1,000,000
—
foreign
——
business
bonds,
at
(less reserve
$28,552; total, $3,658,786.
Six Months Ended Jan. 31—
Gross
inventory
reserve
principal
debentures due April 1, 1947,
and interest and all of the
cancellation
for
$1.5*
<L. A.) Young Spring & Wire Corp. (& Subs.)—Earns
Federal
are
155,
series A, due July 15,
1955, at 104 and interest.
The redemption date is May 14, 1943.
Payment will be made at the Guaranty Trust Co., 140 Broadway,
New York, N.
Y., or at the First National Bank of Chicago, Chi¬
cago, 111.
The holders
of the
above debentures and bonds may obtain
the
redemption price thereof, which includes full interest on principal to
May 14, 1943, at any time before the redemption date by surrendering
outstanding
23,so;
Dec. 26, 1942
"C", $200,000; accounts receivable
$3,658,786.—V.
total,
principal underwriter of the stock is Floyd D. Cerf Co,, Chicago,
and it is expected that the offering will take place about May 1 at
$6.50 per share.
The 50,000 shares of common stock are included and
:
All of the
have
Lodge
AFL,
76.45-
129,82*
$33,616; reserve for contingencies, $34,306
7% cumulative preferred stock (par $100), $1,016,500; $3 cumul. secon<
preferred stock (5,028 no par shares), $201,120, common stock (104,68
shares of no par value), $104,681;
capital surplus, $210,739; earne*
surplus, $688,175; common stock in treasury (7,223 shares) Dr$71,491
The
Corp.—Wage Increase
an
Machinists
72,806
15,622
129,983
$1.55
372,013
contingencies
—:
and other contingencies.
for post-war adjustments———
for
York
approximately 1,115 workers in the plant are represented by the
Association
series
security
Interest,
The
shift, and authorized changes In classifications, resulting in an average
additional increase of 7.5 cents an hour for 182 workers.
The
$252,961.
$243,307
71,218
.15,191
58,255
$1.73
prevailing
plant were approved on March 27 by the National War Labor Board, to
reduce inequalities.
The Board also granted a 5-cent differential for second and third
International
.
accounts,
Liabilities—Notes payable
1,000,000
Jan.
ation of $9,993,220
hour for hourly rated workers,
for salaried workers, at the corporation's Bloomington, 111.,
General
2,131
etc. of $18,145i, $244,382; inventories, $1,113,986
policies (cash surrender value), $28,653; post-war return
of excess profits tax, $55,523;
other assets, $14,477; property, plan;
and equipment
(less depreciation), $1,505,392; deferred charges am'
2,860,590
for
for
"Less
157, p. 1279.
Oil-O-Matie Heating
.
157,571
Assets—Demand deposits and cash on hand, $467,822; U. S, Treasury)
doubtful
5,359,836
ment
Williams
12,691
profits taxes
$507,69(.
$255,263
Notes—(1)
funding and real
estate mortgage
(invested in Western Union funding and real estate
mortgage bonds having a par value of $4,227,000).
tLess reserves for
doubtful accounts of $1,198.6^9 in 1942, $1,190,268 In 1941.
?For em¬
with
"Deposited
94, 777'
555,232
Cr55,523
tax
exc.
Balance Sheet,
accruals—-—
payable
Total
Total
77,571
profits
;
2.000,000
1,000,000
Reserve
294,662
Capital stock ($25 par)
—12,166,400
Earned surplus ———5,686,329
3,653,943
78,486,678
96, 401
2nd
notes—taxes
71,333.576
:
*
4.73C
——80,000
taxes
preferred stock.—
pfd. stock
Dividends paid on com. stock——
Earnings per share
————
——
Reserve
1,333.768
4,105,493
6, 875
Dec. 28, '4(
1,971,214
Reserve
98,119,781
104,119,488
—
11,250
-
income
$2,169,244
72,998
payable
Reserves
862,006
13,226,869
412,818,203
purposes
banks—
payable—to
Accounts
4,733,794
8,732,841
13,226,869
guaranteed
non-interest-bearing
4 024
on
v.
Liabilities—
—.!
—
rentalsliabilitiesReserve for depreciation and development.
Employees' benefit fund—
'
Deferred
Notes
80,461,000
1,749,025
80,471,000
—
$601 945
156 ,561
$28,749,469 $24,202,900
104,527,667
1,749.025
—
—
Dec. 27, '41
$1,009,177
158,940
of
refd,
on
■
363,420
294,662
1
148,346
companies
104,527,640
not
stock
of
subsidiary companies
by Western Union Telegraph Co.
owned
Dec. 26, '42
tax
excess
Selling,
stock
Capital
-Earnings—
profit—*———-
income
Dividends
Liabilities—-
Capital
1942,
Ended-
stock
Post-war
: <
73,506
7,350,270
Prepaid
31,
operating
Cap.tal
4,368,388
;
Post-war refund of excess profits tax
412,818,203 392,359.597
Net
10,443,323
—
in
of
the
of
4,014
Weeks
$196,208;
,■
6,079,491
other
451,972
stockholders
years,
amounted
prepaid expenses,
500,000
inventories
Investments
292.781
31
current
alone
Wagner Baking Corp.
$1,497,072
11,160,637
and
Dec.
against
52
1941
$2,789,520
Employees'
tPlant
last
the
0.60
refund
tax
'
the company had current assets of $1,597,536
liabilities of $667,678.
Cash and Government
to $733,567, and all liabilities othfer than taxes
of
$565,639,
amounted
to only $102,039.
The net current assets
amounted to $929,858, or $4.87 per share.
As of the same date, the aggregate book value of all assets of the
company (other than deferred charges), less the amount of all liabili¬
ties, as disclosed by the balance sheet, amounted to $1,502,803, which
is equal to approximately $7.87 per share for each of the 190,906
shares of common stock now outstanding,—V. 156, p, 2048.
of
As
for operations in
loans for stock and home purchases
(secured)——-—
—61,088
"Receivables
Merchandise
212? 3 80
for
records
available
profits
excess
;
y
company received during this period cash dividends
aggregating ap¬
proximately $1,080,000.
Stock dividends of 100% in 1915 and 50% in
1920 were also received.
'
.
.<■'< i
31
Dec.
notes———
tax
post-war
deducting estimated
!■■...>■.
197,121
life insurance
1942
Treasury
—
$45,387.'
.
——***_„;
S.
0.60
692,482
profits tax was necessary,
Assets—
13,376,549
219,751
3,574,778
3,510,858
.
Comparative
Trademarks,
Total
$1,182,731
5,686,329
surplus..
(par $25) —j
reserve
$0.60
1942
Dividends
$762,055
fIncluding
Cash
5,204,000
8,001,316
292,781
872,629
U. S. Treasury notes and certificates of indebt.
Deposit under workmen's compensation laws
/
486,656
Surplus
3,945.490
12.336.891
——
$1,669,387
486,656
"No
212,155
co.
$1,248,711
Earnings
$191,192
1941——
Federal
294,662
—
capital stk.
$120,464
280,288
"495,361
$311,656
500,039
Federal
493,189
g
,
75,000
175,000
515,863
Shares
per Share
$2,761,607
1940——
ex-
—
loss
Paid
Taxes
Interest
post-war
(cash)
After
Taxes
Depreciation
666,410
Profit and
6,913,899
331,366
Treasury notes,., tax series B
S.
—
—
inv.
427.628
Cr294,662
——
5.236,781
5,236,781
6,714,008
3,945,490
7,841.300
under term leases
—
of telegraph, cable and other cos—
of sale of property—
—1-6-
companies oper.
on
"1,032,386
profits to surplus
Net
and real estate——.
343,362.388 340,014.938
2,473.532
Long-term advances receivable——.
—
%
2,520,783
Stocks
of
telegraph,
cable and
other allied
tAccounts
12,402,414
752,477
Dividends
equipment
"Proceeds
f 4,178,160
Profits
Taxes
.v.v;>v';
Year—
From
Dividends1
Net Inc.
and Excess
Before
Net Sales
"
$2,019,968
,
1942
1941
■
Securities
$3,134,415
——
for
standing
•
Plant,
$4,738,211
$1,753,144
exc,
adjustments
1941 or 1940.
Assets—
of
foreign
Depreciation
Comparative Balance Sheet, Dec, 31
p.-V
266,824
$6,179,347
contingency—
change
Reserve
liability for Federal income, tax is indicated for 1940.
The
income
tax
return
included
charges
for
depreciation
to
$10,856,000
for 1941 and $11,076,000 for
1940.
No
Note—No
tax
for
Reserve
on
"Including repairs,
taxes,
297,333
$2,837,082
■
taxes..
refund
profits
75,741,790
78,167,954
71,333,576
78.486,678
—$8.95
stock
256,625
—
,
stock
share
per
capital
$4,481,586
314,683
earnings—
Fed., State &
Post-war
$100f__
(par
$5,864,664
and
rec.
net
for
Prov,
,
outstdg.
25,287,518
——
divs.
foreign income
12,000,000
surp._
capital
profit
and
Total
2,090,080
and
1940
1939 "
$21,081,446 $17,040,468
18,244,364 15,287,324
35,444,218
miscellaneous income-.:
—.*
Approp. for acc. deprec.
Profit
1941
vl942
$41,308,882 $29,769,104
—
etc
75,813,141
Dividends
of surp.
V
sales
registered are pres-1
190,906 shares of
now
Sales, Earnings, Taxes and Dividends
..%::;/■Income % •:
V.
;
%•./Net Inc.
bonds
-
.
■
Adjust,
Report—
Years
Calendar
for
Account
Income
V-",'"'
Net
1,380,114
74,433,027
80,688.018
__—_
Manufacturing Co.—Annual
Consolidated
Cost of sales,
;
'
as
5,183,000
*
'
■
.
"After
"
on
—
income
Net
S.
U.
$1,014,000;
and
payable
Towne
&
^
Prov.
1913
total, $5,090,000.
(less amortization), $13,000;
stock.
shares of common stock
50,000
ently issued and outstanding) and are a part of the
stock shown above to be outstanding.
deposits,
demand
and
hand
on
Outstanding;
"'.190,906 shs.
300,000 shs.
pari
Company has no funded debt or preferred
Note—The
-
4,032,304
1,464,604
revenue
income
28,
Feb.
Sheet,
($i
"Excluding 3,234 shares held in the treasury of the company.
tOn
stock.
treasury
excluding
accruals, $276,000; provision for
Federal income taxes, $586,000;
capital stock (par $10), $2,635,000;
capital surplus, $775,000; earned surplus since Aug. 31, 1932, $818,000;
total, $5,090,000.—V.157, p. 1368. ''
'
?
95,660.403
91,628.099
income
Total
$1.02
notes,
Liabilities—Accounts
3,922,399
Operating
Other
tax
patents
132,084.038
—
t$1.12
$530,000; accounts and notes receivable, less
reserve,
$827,000;
inventories,
$1,264,000; sundry investments and
advances, $11,000; officers' and employees' notes and accounts, $12,000;
post-war refund of excess profits tax, $19,000; plant and equipment
(excluding idle plant), $1,104,000; idle plant (less reserves for depre¬
ciation
and loss on
disposal), $241,000; deferred charges, $55,000;
$0.33
115.088,801
revs
expenses
"$0.63
products
Authorized
stock
Common
(Stated in round thousands)
$51,277
$0.83
$
oper.
$1,086,000
outstanding,
Balance
'
Assets—Cash
$1.46
1942
"Operating
$1,500,000
—
shares
263,500
Treasury
.
Gross
$1,593,000
—
145,782
Telegraph Co., Inc.—Annual Report—
Income
—
584.200
291,564
$559,102
Western Union
488,000
$598,000
'v
the
as
and earned surp.,
share
per
,
352.
p.
771,000
265,300 shares outstanding, excluding treasury shares.
$781,259
584,000
/'"
share
common
per
$729,000
_——
28—;
Earnings
"On
;/"?
291,565
—
——
—
Earnings
21,373
$1,070,262
$1,434,667
—
dividends
Preferred
—V,
taxes
profit
Common
524,909
Feb.
income and Federal
profit
excess
'
—
Federal & state
Net
92,461
3,800,000
—:
$1,157,515
$1,722,698
127,527
$5,327,128
income
Interest
/. 136,000
paid in cash
Total cap. surp.
Total
$734,000
168,000
775,000
—-*—
$897,000
198,000
surplus
Dividends
'
$5,140,012
187,116
operations——
income
Other
458,117
a -r * -—*,?—
Depr eci at ion
Profit
56,235,340
admin, exps.
selling,
manufactured by the company for war^
of the same .character as those theretofore'"
times and for practically the same list of
nationally known customers, the company anticipates that upon return,
to peace-time production the
transition of plant and other facilities
will not entail delay,
extensive re-tooling or revision of production
methods.;
'■
,\%
v'>,• Capitalization As of Dec. 81, 1942
Inasmuch
production are largely
produced during peace
129,501
$61,833,469 $39,229,005
.————**—
sales,
$1,016,000
$818,000
sales
Net
!
duction.
$275,000
six
begin.
surp.,
(est.)_
taxes
$770,000
75,000
220,000
——1
—
—
income
$422,000
$460,000
————-
deductions
Earned
Mar. 1, '41
$27,479,673
26,060,330
391,329
Feb. 28, '42
Feb. 27, '43
$439,000
for
Net
Subs.)—Earnings
Inc. <&
0.,
operations———
Total
Prov.
/..-Vo',:..--a
'
.
2,290,000
income
Other
purchase
to
$2,693,000
2,737,000
'
1943
—
profit
Other
having been deposited,
West Texas
all the scurities deposited.—'V, 157,
percentages
elected
has
Util'tVs
1942
$3,486,000
3,076,000
28—
„
"
purchase all securities offered if at least 90% of the principal amount
of the bonds, 90% of the principal amount of the debentures and 80%
of the shares of common stock of Pecos were deposited pursuant to
1941
$3,515,000
Feb.
End.
sales
Net
thousands)
round
in
goods sold and expenses----
Mos.
6
1943, 92.40% of the outstanding first mortgage bonds, 91.03V of the
outstanding income debentures and 89.94% of the outstanding common
■stock of Pecos had been deposited pursuant to the terms of the offer.
The
purchasing from it pressed, drawn and stamped metal products. These
products were manufactured at York, Pa., and shipped directly to the :
purchasers.
Company also had over 1,800 active accounts and approxi- j
mately an additional 1,000 accounts considered as small buyers and j
not active, purchasing from it other manufactured and jobbed items;
related to the tinning, steamfitting, plumbing and building trades.
j
The company's manufacturing facilities have again been turned to
war products.
However, items manufactured are largely of the same
character as those produced during normal or peace times and for
practically the same list of nationally known customers now engaged
in war production.
Because of this, the conversion from peace to war
production
was
effected without material interruption or expense,
and the company did not resort to outside financing.
Approximately!
95%
of the manufacturing
facilities are now devoted to war pro-;!
Wilson Jones Co.—Earnings—
1943, for a 30-day
30,
Monday, April 19, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
1472
Assets—Cash
Government
in
banks
bonds,
Balance
and
on
Sheet,
hand,
Dec.
81,
$333,995;
'
19-12
U.
S.
and
Canadia1
$104,477;
$15,189),
accounts
receivable
(less
reserve
fof
$279,408; Inventories, $709,686; invest¬
subsidiary—not consol'dated, $30,936; invest
ments,
$19,822;
land
(non-operating),
$20,150;
net
fixed
asset;?
$345,390; deferred charges, $83,689; patents, trade marks, formula?
good-will, etc., $15,543; total, $1,943,097.
f
doubtful
ment
of
accounts
in
branches
and
Liabilities—Accounts payable and
672;
tax
reserve
notes
stock
($1
$508,025;
■J)r$98,781;
of
accruals
$20lf
(other than taxes),
(less U. S. Treasur
for Federal and foreign income taxes
$159,567),
par),
$48,034;
$845,556;
capital, stock
other
capital
reacquired
accrued
surplus,
and
in
taxes,
$13.814;'capita
$424,776;
surplu!
earned
Treasury
(19,900
total, $l,943,097.~rY,..15£,*p. 2312..,.*
shares?
,
,
@FedFRASER