The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
APR 2
mm,
MHto
M 0 N DAY
'
Volume
New
Number 4373
161
Air Reduction Co., Inc.—Declares
r
PUBLIC UTILITY
-
in
Extra Dividend—
,
disbursements
Similar
2,
April
.;;G
the
Canton
Akron,
&
Youngstown RR.
ft
changed—•
—
ft
'
r
Control Un¬
'
171-mile rail¬
road may switch to the courtroom, an Akron; Ohio, dispatch states.
*''■■■
The managements retained
control of the road on March-26 by
electing eight of the 15 directors alter a close proxy struggle between
supporters of H. B. Stewart Jr., President of the company, and a group
of
stockholders headed by Don W.
Hornbeck, President' of National
Co.—V.
Aluminum
&
Bronze
161,
the
amounts
formal
which
for
of
amount
excessive
profit
realized
the
during
from
•
for
13, 1945, the authorized common stock was increased
to
1,000,000
conversion
the
-preferred stock
converted. '
Underwriters-^The
Co
...
Co,
•
of
Waddell
£*■
Net
ry.* oper.
$1,336,350
200,161
221,271
117,254
income—
Net
Net
ry.
1,666,200
income—
oper.
Partial
-
—
380,168
2,192,153
822,552
332,892
3,487,151
1,598,765
395,585'
3,659,244
1,599,929
375,791
3,969,714
railway
from
New
company
of
the
the
—V.
has
Power Co.—Earnings—
"pa-'-,.'
;
-w,
Du Bosque
W.
6,500
Grubbs,
6,500
Henry
Operating
Bros.
&
Boyce
Interest,
&c.,
Net income
Dividends
on
Cleveland
Los
1945—12 Mos.—1944
872,333
8,654,409
' $601,396
$607,697
$7,046,005
—.
189,082
$163,397
Balance
:
3,109,393
$322,424
$352,479
stock
pfd.
285,273
248,916
$3,936,611
2,268,986
$4,359,595
2,268,986
189,082
$1,667,625
$133,342
,
Exchange
Stock
161, p. 977.
1455
Aireon Manufacturing Corp.—Preferred
Stock Offered
issue
of
150,000 shares 60 cents
The issue has been
*
The
Chase
National
oversubscribed.
Bank
of
pointed New York transfer agent for
preferred stock.-
■
City
the
of New
York has been
and
expansion of peacetime
,
'
,
■
Fed.
Reserve
i_—.1461
Regulation
Common
V loan
stock
———;
pfd. stock (par $10)
Outstanding
(par
$6,250,000
150,000 shs.
tl,100,000 shs..
50c.)
$4,500,000
May 4,
Divs.
:\
ftryyA
45
NEW YORK 4, N. Y.
NY 1-573
158,526
48,949
32,000
$1,064,041
$741,433
$219,646
21,386
15,211
*25
■£?
to
in
banks
liquidation
133,992
during year,
and
on
Oct. 31, 1944
hand,
indebtedness
of
,
—
reacquired
$2,629,891;
notes
on
cash deposits re¬
payable, $299,353;
accounts ^receivable,
including $48,787 .due from.
Government (after reserve for allowances and doubtful receiv¬
trade
S.
$22,582), $527,002; trade accounts receivable assigned to secure
payable, including $720,802 due from U. 8. Government of which
deposits
on
purchase
contracts
and
termination claims,
miscellaneous receiv¬
terminated war
assets, $424,982;
$139,410;
inventories applicable to unsettled
contracts,
$876,534;
inventories,
$5,508,550; oi'ner
ables,
employees' U. S. Bond purchase account (contra), $34,680; plant and
cost, less depreciation and amortization, $1,078,154;
cost (after reserve for amortization, $9,149), $58,851;
prepaid expenses, $236,235; total, $13,328,806.
;
^equipment—at
"patents—at
.
;
patent purchase
accounts payable
accrued liabilities,
$500,810; reserve for Federal and State taxes based on income, $2,695,600; provision for renegotiation of war contracts, $1,540,000; patent
purchase obligation, less $10,000 due Jan. 2, 1945, balance due Jan. 2,
1946, $10,000; employees' U. S. Bond purchase account (contra)—employees'; deposits, $34,680; common stock
(par 50c.), $608,340;
paid-in surplus, $513,832; earned surplus, $2,054,066; total, $13,328,805.
Liabilities—Notes
payable
to
banks,
$4,500,000;
obligation "(installment due Jan. 2, 1945V $10,000;
(trade), $788,334; accounts payable (other), $73,144;
"
—V.
161.
977.
D.
'
..
.
,<■•/.,
•
Corporation proposed March 27 a compromise
with .the
Interstate; Commerce Commission
the Chesapeake & Ohio Ry.
In
a
over
Co.
two
or
more
t
carriers,
eqntrol
.
further
of
including the
C. & O.,
York Security Dealers
y.
that In place
illegal control
AIleghany| du the
control
Banks, Corporations and Individuals have
an effective market place for large or
us
are
not
small
readily marketable.
.
'
i
"
|
INQUIRIES INVITED
^
t
*1
|
found |
BLOCKS of SECURITIES
which
NASSAU
Association
STREET, NEW YORK 5
Telephone
Philadelphia Telephone
Bell Teletype
REctor 2-8600
Enterprise 6015
New York 1-576
:
of
.■
1 (
to the C, & O. and affiliated carriers. ,
<2) Deposit under a voting trust agreement with the Manufacturers
Trust
Co. of
New
York, as an independent voting trusteq, all of
Alleghany's Voting stocks in the Pittston Co., a holding conpern en¬
gaged in coal operations, and all voting stocks of carriers th£t might
't-
following; '
•
(1) Limit its
INDUSTRIALS
New
: V-
settlement of its
petition to the Commission Alleghany suggested
litigation to determine if Alleghany was in
of
•
|
Alleg-hany Corp.—Seeks ICC Compromise—
The
conflict
INCORPORATED
Members
Teletype:
60,000
60,275
$402,453
stk.——
shares
I
qAllen & Company
HAnover 2-2600
com.
on
$1,515,164;
'
I
Kobbe, Gearhart & Company
Telephone:
35,648
37,000
on
—
on
notes
RAILS1
■
Bell
60,000
tax
based
income...—.
.^Paid
1944, company
V providing for
ELECTRONICS
Established 1922
158,490
^Divs. on pfd. stock...
150,000 shs.
714,919 shs.
entered into an agreement under Regu¬
bank credit up to but not exceeding $12,500,000
outstanding at any one time.
Under date of Jan. 31, 1945, the agree¬
ment was amended so as, among other things to reduce the bank credit
to a maximum of $6,250,000.
Pursuant to the amendment of Jan. 31,
1945, company will be required to pay a commitment fee of % of 1%
per annum to the extent that the maximum authorized credit is not
used.
The agreement, as amended, expires, and the loans thereunder
mature, Dec, 31, 1945.
While $4,500,000 is stated in the table as the
amount to be outstanding after giving effect to the present financing,
the company may use all or any part of the
maximum authorized
credit of $6,250,000 at. any time or from time to time prior to the
expiration of said Revolving Credit-Agreement,;
'
*On
lation
Municipal Ronds
STREET
profits
taxes
Net
System..—..—..1462
Authorized
*
SPECIALIST IN
80 BROAD
45,928
1,638,000
tax,
income
v
FLORIDA & NEW JERSEY
DEPARTMENT
141,426
.2,610,000
sur¬
declared val.
and
tax
Capitalization, Giving Effect to Present Financing
60c. convertible
$614,589
$4,129,803
359,839
$2,629,807
164,199
prof, tax (net)
excess
t
.
$612,867
1,723
1,107,000
deductions.
normal
State
Banks.I——1462
Statement of Member Banks of
Federal Reserve
.
$552,668 represents tentatively settled war contract
.
MUNICIPAL
.
income...^——
exc.
Fed.:
*
*
income
Total
Income
\:
Exchange Rates.........
.—1462
Combined Condition Statement of Federal
Condition
1,846
•
'
News.1417
Sales...1474
Foreign
'
514,569
$1,770,651
Olher
unassigned
—...
The Course of Bank Clearings
,
History
3,424,450
1,031,737
$2,628,164
1,643
stricted
————————...——1462
1462
Notices
16,971,569
,10,503
ables,
Dividends Declared and Payable.
Aug.»18,
*
:
$4,122,115
7,687
U.
■
1942
$4,712,731
159,000
1943
440,000
32,927,772
843,776 .' 1,254,130
:• '•
1,097
Stock Exchange—.1443
Redemption Calls and Sinking Fund
4,341,000
.1944
$1,768,037
2,614
State and City Bond Offerings and
J
Years Ended April 30
31,'44
profiti....—.
General Corporation and Investment
the 60-cent cumulative convertible
business.
150,000
Statement
Income
ceiva^les;;retc....„—
"Gross
Miscellaneous Features
ap¬
and Business—Corporation was incorporated in California
1937 (under name Aircraft Accessories Corp., which was
changed to Aireon Manufacturing Corp. on Dec. 18, 1944).
Immediately after incorporation company commenced business in Glendale,
[" Calif.,* as a sales agent on commission for manufacturers producing
various types of aircraft parts and accessories.
By 1939, however,
'the business of the company had come to be principally that of
designing, developing, engineering, manufacturing and selling hydraulic
I equipment for use on airplanes.
As of April 16, 1939, company acquired all of the outstanding stock
of the Thos. L. Siebenthaler Mfg. Co, which carried on business in
Kansas
City,
Mo.,
consisting principally of designing,
developing,
engineering, manufacturing and selling radio transmitting, receiving
and accessory equipment for airports and aircraft, and airport and
aircraft maintenance equipment.
Later the name of the Siebenthaler
; Co. was changed to "Aircraft Accessories Corp. of Mo." and in 1942
the
latter
corporation was dissolved and its business, assets and
obligations were taken over by the company.:
: .l ,;
V. Substantially all of the business of the company is now wartime
business under prime contracts with the U. S. Government or sub¬
contracts
under Government contracts.
Substantially all such con¬
tracts and subcontracts contain provisions permitting the other party
to terminate them at any time independently of any default by the
company.
These contracts contain provisions designed to compensate
the company for work done and materials purchased by it pursuant to
such contracts up
to the date of any such termination.
Through
Jan. 1, 1945, such terminations had given rise to, termination claims
by the company of approximately $2,883,708.
Of this amount formal
claims had been filed for $2,203,106, the claims for the balance being
2,000
Balance Sheet,
Purpose—Net proceeds will be added to the general funds of the
and used initially to augment working capital in connection
% with financing wartime operations, and in connection with the transi¬
tion from wartime to peacetime operations and the re-establishment
y
2,000
Kuhn, Loeb & Co...;—15,000
1,100,000
13,058,288
:
sales
Assets—rCash
.company
*
of
Sell,, adm, and gen. exps.
Bad debts, doubtful re-
1443
T'y
;
I. M. Simon & Co
Woodard-Elwood & Co...
3,500
renegotiation
Exchange—1443
»
•
„
for
Cost
Obligations of Governmental Agencies.—..1443
United States Treasury Bills—.
—1443
cumulative conavertible preferred stock (par $10) was offered March 23
;at $11,375 per share by Reynolds & Co. and associates.
v—An
Prov.
2,000
Inc.——-
3,500
Oct.
•
2,000
&
Robinson
etc.. $16,771,198 $38,754,520 $24,972,469
discts.,
.—.1460
Transactions New York Curb
:
Co.,
6 Mos. End.
,
Markets.—.
3,500
3,500
,
Co
&
i
2,000
Gardner...
&
C.
2,000
>
3,500
>" 3,500
less
Exchange—i
—
$2,090,603
*:
Reinholdt
2,000
Mitchell, Hutchins & Co.
Henry
Company
Peet
2,000
Co
3,500
Co...
Sales,
.i—1455
Angles Stock Exchange._Lr.
Transactions New York
Ohio
O.
&
Turben
2,000
Co...
&
Scott &
3,500
Co
& Co...
& Co..
Gradison
Herrman & Co...
Kirchofer & Arnold, Inc.
Consolidated
1455
—,
Stock and Bond Averages...
—V.
H.
„1454
Exchange
Over-the-counter
The
1454
—
—1156
Pittsburgh Stock Exchange—,—.
———1456
St. Louis Etock Exchange—
.....1456
Montreal Stock Exchange
—1458
Montreal Curb Exchange
1459
Toronto Stock Exchange.—
—^
1456
Toronto Stock Exchange—Curb Section...1458
$7,549,012
3,189,416
Merrill,
&
Legg
D.
3,500
*
—
Kidder
M.
1453
Exchange
Philadelphia Stock
8,831,251
deducts.-
Co....
Co.————_
&
Mackubin,
(Stocks)
Exchange
DetroH Stock Exchange.
937,978
income-
Gross
&
Co.,. Inc
A.
p3,gg
Cincinnati Stock Exchange——
,
280,845
taxes——
Bradford
C.
Richard W. Clarke & Co.
___1438
Stock Exchange (Bonds)—.
1444"
Curb Exchange
.1448
Stock Exchange
1453
Chicago Stock
$2,694,783 $32,102,856 $30,856,644
941,153 : 13,104,751
11,223,179
273,600
3,297,690
3,203,200
1,005,735
—
deprec
for
Provision
■
expenses
for
Prov,
J.
•
3,500
3,500
3,500
2,000
Alstyne, Noel & Co.
6,500
Issue
u-■
.
Stock
Stock
Boston
^
1945—Month—1944
$2,825,955
Gross: revenues •
\
York
Baltimore
sinking lund, at
Alabama
York
New
first mortgage
of
York
New
Redemption—
called for redemption on May 1, next, $96,000
Vti'/o bonds, series A, due Nov.; !, 1967, for account
100% and interest.
Payment will be made at
Guaranty Trust Co.,
trustee, 140 Broadway, New York, N. Y.
161, p. 977.
' ..
,
"
The
\
3,500
——
6,500
Stock and Bond Quotations
■
railway
from
Gross
Van
Johnson, Lane, Space and
From Jan. 1—
Hop-
&
Irving J. Rice & Co..—.
Scherck, Richter Co.—._
..
Inc.
Gillen
407,741
several
Shares
Jaffray
Stein
$1,088,363
805,599
$1,647,125
770, o99
the
Name—
R. H. Johnson & Co.
1942
145,403
railway
from
1943
$1,791,704
698,-534
February—
from railway—_
Gross
Net
1944
1945
be
.
and
wood
Co.,
&
^Henry F. Swift & Co...
This
''
underwriters
Riper,
6,500
Chicago
Herrick,
1
the
30,500
6,500
„—
Securities
First
V;
Shares
&
Burr & Co.,' Inc....
•
'
of
names
Name—
Reynolds
'
In
stock to
rights of the preferred
each have agreed to purchase are as follows:
amounts which
year
,
RR.—Earnings-
Alabama Great Southern
shares reserved
The number of
shares.
},100,000
under
issuance
presently issued and outstanding is 196,500 shares, the conversion ratio
having been fixed at 1.31 shares of common stock for each share of
*
1089.
p.
MISC|LLANEOUS
-
(Effective Feb.
claims
ended April
30, 1942, was established at $159,000; the amount of excessive profit
realized
during the year ended April 30,
1943, was established at
$4,341,000; while the amount of excessive profit realized during the
year ended April 30, 1944, has been established at $439,725.
For the
six months' period ended Oct. 31, 1944, company made provision for
refund of excessive profits pursuant to renegotiation in an amount of
$1,100,000.
^
:r,y-::ftX>:':
v;:'
■■
for control of this ■
"battle of the proxies"
bitter
The
;
Of
Substantially all of the present business of the company is subject
to ; renegotiation
under
the
Sixth
Supplemental
National
Defense
Appropriation Act of 1942.
As a result of renegotiation proceedings,
of the twenty
each
in
made
were
preparation.
been filed, $1,582,964 had been allowed, $185,899 disallowed and
$434,232 remained to be reviewed and passed upon by the Government
authorities having jurisdiction thereof.
* '
v.v
and
preceding quarters.—V. 161, p. 201.
of
process
INSURANCE
-
had
The directors have declared an extra dividend of 25 cents per share
the regular
quarterly dividend of 25 cents per share on the
common stock, no par value, both payable April 16 to holders of record
»
INDUSTRIAL
-
Copy
News
General Corporation and Investment
RAILROAD
60 Cents a
Price
York, N. Y„ Monday, April 2, 1945
|
§
HILL, THOMPSON & CO.,
120 Broadway, New York 5, N.
Y.
MiiiUIIlIlIlIlllliIIll!lllllIIlIillliniliilBliutIUllIiiaiitiUiilH31U:liii.UU;HIIiflii;ilit31liillHiUllilUIiniUlHllttHlllUlU,UllCUltlitHUlttUUl
j
THE COMMERCIAL & FINANCIAL CHRONICLE
1418
be
The trustee would vote independently the deposited
acquired later.
stocks
of
election
for
but
directors,
wouid
according
vote
tion
stockholders
to
by sale or by
Alleghany
petition
the
said
^Common stock
recommendation
recent
Illegal
of
control
which,
York.
the
followed
if
Commission
the
that
0. and its
Commission,
&
C.
the
by
the C. &
divest itself of control of
shares,
instead of an exception to
filed
was
find
the
a
share
in
company
of
affiliates,
a recommendation
require Alleghany to
would
O.-—V.
Sales
Net
Earnings
share
common
9,327,616
$4.77
-•'•
*
—-
—
per
1943
______—
in 1944 produced more than three times as much as it
attack on Pearl Harbor and its billings reached an
high, according to the annual report issued to stockholders. *
However, the report showed considerable slackening in the backlog
cf orders and in booxings due to shifts in war production requirements.
The order backlog, due to completion of some war contracts and
shifts in other war demands, dropped $120,000,000 but a substantial
The
company
tracts
the year of the
did
report
Materials, 46.5%
185,084;
■
how
shows
the
used
company
the
all
i.3.1.%
$50,218,909;
operating
the .underwriters
purchase from the selling shareholders
Hufi,
SI06,-
or
G.
expense,
Geyer &
H.
—V.
&
Peabedy
Walker
161.
1943,
other contingencies.
adjustments and
post-war
The consolidated
at
*
;
have
the
was
increase
in
the
earned
,
the
....
surplus,
RR.
After
holders.
Gross from
$2,938,670
railway....
that
$3,052,074
1,129,800
$2,878,636
1,214,594
537,855
basis.
is
Gross
Net
>
from
from
Net ry.
railway.
♦
Hearing
.
5,731,220
Hearings
by the ICC
5,957,254
5,879,091
2,144,728
2,507,547
588,839
913,774
1,114,355
This
from
V.
•
of
near
-
renegotiation
said
that
before
„
-
-
there
is
no
company
wouid
in
be
for
/
for, the
Ciinchfield
the
RR,
The
-U.
Federal
Court
District Court
of
.
annual
an
assumed
that
permitted
in
renegotiation
that
the
1944
same
in
as
decision
violating anti-trust laws and returned the casefurther proceedings.
Appeals Court held that- company had exercised
to
The
which violated
•
the
Federal
dissolution
It
also
ecraint
(
of
the
ruled
of
2
of the Sherman
court
company
that
trade"
to
determine
should
of
the
opinion
Caffey
sustained
the
of
Manufacturing
the
of
Canada
that
V.
1943,
on
$1,300,000
will
be
for
this
the
to
as
Judge
the
j j
•
•••
exclude
others
court's
and
unanimous
perpetuate its
opinion read.
hold
the
upen
ingot
the
and- the issue or intent ceases
us
"In
•
5
*
order
to
Section
the
opinion
within
Section
The
and
court,
So
far
the
as
judgment
it must be reversed," ■';•
2.
consisting of Judges
held
/%%'-./.
Learned
it
was
to
N.
Company reports
per
compared with
As
of
ment
Dec.
31,
securities
1944,
were
net
plant
was
$116,876,165,
$96,669,113, inventories
and
cash
govern^
and
receivables
$55,807,833, other assets $30,073,178; long-term indebtedness was
$105,028,758,
short-term
obligations $73,474,449,
miscellaneous
reserves,
etc., $9,622,907, capital and surplus $111,300,175.—V.
160, p. 1177.
stock
■'
v
-
■
.
'
I
of
income
1944
...
alter
charges and taxes
Earnings per share_„^„_____.____,
1943
■
$312 837
:
$358 688
$3.43$3.93
+
Balance Sheet,
.
,
Dec.
Assets—Cash, $199,772; U
accounts
S. Government notes, series C, $600,000;
$575,718; interest and dividends accrued
receivable.
Inventory,
$386,725;
refractory
$26'329;
companies,
Arch
claim
investments
(at
cost)
$1,845,128;
investments
in
etc., at cost (including 58,700 shares American
Cjo. stock), $4,059,044; excess profits tax refund bonds, $28,798;
post-war
tax
total. $7,907,832.
refund,
$146,083;
"
miscellaneous
"
'
.
Liabaities—Accounts
post-war tax
contingency
refund
reserve,
payable
reserve.
$259,495;
$146,083;
$58,000;
capital
Issued H
$3,000,000;
capital
surplus,
$2,393,454; total, $7 907,832.—V. 160, p.
accrual
for
$1,351,995;
2537.
taxes,
$677,559;
accruals
(150,000
no
$21245'
shares
par
earned
surplus
Plan for
The
have
$25
share
was
made March
(par
28
by an invest¬
banking group composed of Kidder, Peabody &
Co., Huff, Geyer & Hecht and G. H. Walker & Co.
The
ment
stock
offered does not constitute
company.
new
that
$100,000
financing by the
preferred
effect
no
to
§After
has
(par $1)
authorized
upon
the
official
listing
of
given
a
&
Traction
the
notice of issuance in
Co.—Ordered to
on
:
the
of
these
At
share
holder
Commission
sessions
plus
of
interests
of
American
cn
was
the
issued
were
retirement
dividends
47%
to
Co.
and
opposed
by
preferred
Allied
stock
Chemical
&
.even
If
pipe
a
(after
meat
is
to
be
built
exclusively
to
held
that
stated
of
that
line company
of
rata
Dye
the
proposed
bank
loan
be
must
If
Light's
of
holding
pipe
a
as
a
reduce
Three
The
Ohio
proved
Commission
will
apply
to
war
assets
under
post-war
credits
bonds,
first
series
Sl,-
(after reserve for possible loss of $1,-
buildings,
machinery
of $31,443,148),
$2,100,000;: unused
plant
"
"
payable.
and
equip-
$20,313,738;
sites
pat¬
estimated
at
'
'
$8,306,606;
accrued
$4,125,936;
payroll,
than
5
expenses
income,
for./income
reserve
'"1
'
accrued
other
taxes,
facilities
government
(instalments
.%:/•.■■.
it.
had
who
appointed
the
evaluate
the
due
'
•
$1,633,and
ex¬
subsequent
to
■■V.'V
Supreme
old
filed'
the stock
March
on
Court
Justice
preferred
at
$134
21
with
a
stock
share
the
•'
made at
was
the
to
and
Corp.
the
the request of the
of the
the
of
above
Sept.
2,
which. ap-
-
•
^
.
minority stockholders,
consolidation
American
Ferdinand
of
as
Court,
.
objected
struction
by
unexchanged
worth of
report
"The appraisal
:
Trans-American
Con-'
Sales
Locomotive
Corp. with the
parent/firm, the American Locomotive Co., approved at a stockholders'
meeting Sept. 2, 1943.—V. 161, p. 978.
•
%
'
'
t
• '
.
i
,
,
American Multiple Fabric Co., Providence, R. I.—Sale
Benjamin
informed
W.
Grim,
of
as
an
attorney
this
for
company,
March
on
19
Judge Jeremiah E. O'Connell of Superior Court that although
of the company have voted to dissolve the corporation
I stockholders
proceedings the
will be
company
business.
sold
as
a
going
/
American Public Welfare
'
be
.
5
of
the
United
subsidiaries
or
the
of
American
,
.
\
required
by
appropriate
order
court
of
to
Aug.
5,
enforce
1941,
the
the
order.
Austin H.
The
Pittz
net
Class
■
A
class
Light,
».
1
C
;
On
the
tho
at fair value
class
-
'
at
Dec.
31, 1944,
trustees, follow:
..
15, 1944, a dividend of 12 Vz ' cents; per share was
shares from net income, not including profits
A
on
the
sale
of
securities:
This
made
of 25 cents per class A share.
Trust
'
*-
shares
in the opinion t)f the
Edward L. Werner, who has been
His
>■
„
outstanding
shares, $12.25 per "share; class B shares, $12.25 per share, and
$23.01 per share.,
■
i year
of
shares,
Dec.
realized
Trust, Babson Park, Mass.—
.
President, Jan. 18 stated, in part:
values
asset
valuing securities
.
proceeds from their sale
Light
Report—
t
,
of
also
Co.
other
and
fund
and renegotiation of war contracts (after U. S.
of $10,005,000), $20,271,259; accounts payable for
$2,513,950; cash fund advances,- $17,255,368; liability
of
fixed
Annual
securities
Edison
reserve
unbilled
war
heM, as another segment of the proposal,
that unless United
Railways, and its subsidiary, Continental Gas &
Electric Corp., act
promptly to dispose of their interest in Columbus &
Southern
Government
$19,769,318;
refund
tax
(after
$18,671,652;
$31,117,441;
depreciation
contracts,
on
in .their
1943,
proportion¬
Commission
States
(contra),
(including
dies,
appraisers
to
1
securities
United
securi¬
Government
receivable
$173,769),
inventories,
/V;
f
company
to be undertaken,
appropriate applications may
donation to Michigan Consolidated or to a new
application of such securities
senior
of
notes
Court Sets Value of Old Preferred Stock—•
proceeds
_
to
notes
with
for
Dec. 31; 1914 ""
Canadian
and
1945), $336,112; deferred credits and operating reserves, $2,321,accident indemnity reserves, $1,981,843; contingency reserves (in-
to
the
consideration
no
notes
incurred,
purchase
year
Pecbra
Detroit
of
line
appropriately
in
pre-
'
American
construction
Light
interest
'■
"
on
taxes
tax
645,457.:
dis¬
portfolio securities,
the
advances
:
supply
except insofar as minor securities might
combined with utility 'subsidiaries.
Immediate disposition by United
Light & Railways of its
ate
1943
"
% *
based
come and excess
profits taxes, $3,615,172; war anlT'other contingen¬
cies.
$8,000,000),
$11,615,172; 7%cumulative preferred stock
(S10O
par), $32,690,100; common stock (1,379,077 shares no par), SI,379,07V;
•-'•capital--surplus,. $8,011,230; -earned- surplus, $18,969,366; total, $135,-
of Sale."
The company planned to use
finance in part cost of the
proposed new pipe line.
distribution to common
stockholders of American
the Detroit stock
with
Sheet,
and
83,634,985;
items,
profits
Aug. 5,
of
stock.
emergency measbre is
be filed providing for
and
Giving
the
in
the most
divestment
common
shares.;
stock.
S.
advances
and
through receivership
Co.
stock
preferred
common
'A
at/
approved.
Sale ^or "other
U.
$135.645,457.<•
total,
other
024;
appropriate plan for accomplish¬
1941, would be as follows: 7
Discharge of the claims of the outtsanding American Light pieferred
stock out of presently available
resources, with am appropriate escrow
provision if the amount of payment cannot be promptly determined.
Commission
•
$350,000
with
fund
dividend
"
•
accounts
and
taxes
reserve
drawings
company
line
after
common
sinking
preferred
•
preferred
land, $2,238,317;
'
Light's voluntary dissolution
American's
of
-
outstanding
on
investments
lor
the result of wrangling
as
stock
after
requirements
$1,727,410;
costs
:
preferred,
interrogate
ing compliance with its order
or
then
$13,266,697;
accounts
430;
to
court
1,379,077'
011
preferred
1,379,558
$6,091,614;
931;
Michigan Consolidated's natural gas requirements, -it may be owned
by
Michigan Consolidated, or by a subsidiary of that
company, or by a
new
company Whose stock would be distributed
along with all other
portfolio securities of American Light so that liquidation of American
Light would not be delayed, the Commission said.
- .• 7 '7;',"V.
sold
and
011
dividend
shares
$5,054,880;
profits
excess
terns,
Michigan Consolidated Gas Co., all. subsidiaries -of
if a line should ultimately be constructed to supply
companies.
its
paid
769,000),
Amend
to
;.v ,1 j
;
S realizable value, $37,978; goodwill, $11;000,000; deferred charges, $659,-
unless it and its parent,
of liquidation to provide for
go
1942.
stock
805,987),
.
that
the plan
based
to
is
equal,
share. •
accumulations
contracts
on
•
.
pipe
profit
common
preferred
common
cess
company
in
.
cost),
Treasury
of. American, the Commission will
order enforced,
j
.;;■. ,-.7''.7
developed at hearings
Edison
effect
110
dividends
dividend
to
charges
16,520-
and efforts of counsel for
witnesses as to its proposed
natural gas pipe line from the
Hugoton Fields Were unsuccessful, i
7
The Commission, held
tentatively that American Light may not itself
remain in existence to construct and
own a new
pipe line; nor may" a
pipe line be jointly owned by Milwaukee Gas Light Co., Madison Gas &
The
$2,400,000
Consolidated Balance
(a-)
advised
§$3.37
$2,820,-
'
sole
Light
has
views
Electric
and
-
J$2,78
sinking fund requirements
per common share were $3.03.""
''
annual
'% ferred' and
was
2,463,727
689,779.
post-war credits Of
requirements;
net
preferred
year, earnings
free from debt.—
liquidation
per
1943
fund
1944
$4.58
to
'
Perth
and the company is now
Light & Railways, amend
its
Pro
stock
per
meeting
Prompt Dissolution—
SEC
Corp.,
all
$4) at $22
either
(its
American
.
American Automobile Insurance
Co.—Stock Offered
Public offering of 75,000 shares of common
requirements,
Govern¬
in
Giving
the
Liabilities—Accounts
$40 234'
'
miscellaneous
stock
assets
'
building at
sinking
requirements,
JAfter
Exchange
stock
of
The Commission
:
I944
31,
outstanding.
'
5.051,593
2,444,330
t$3.86
sinking fund requirements; based
stockholders'
and
$3,728,000
1944,
shares
•
'<•
share-:
common
stock
and
such
American Arch Co.—Annual Statement—
Calendar Years—
Net
.
subject to the assumption by the corporation of certain liabilities
Fort Dodge Serum Co.—V.
161, p. 1306.
American,
v
per
6,626,515
.
.tAfter preferred dividends paid! and after deducting $1,000,666 'pre¬
,
i;
2,500,000
5,051,593
1,793,398
allowing for debt retirement and
ferred
cern,
various
;,
in
000
2,700,000
2,295,261
stock
common
"After
the acquisition of all of the outstanding
outstanding stock 1 of Fort Dodge Serum Co.
(Del.), or (bi the exchange, assignin^5jJ^conveyance ..and delivery to
the corporation of all of the
property and assets of Fort Dodge Serum
Co. as an entirety including its goodwill and business as a
goihg con¬
plan.
profit of $11,004,867 for 1944 equivalent to $14.14
$13.06 per common share for 1943
a
share
common
The land
Stock
with
The
(Montreal, Can.)—Earnings—
adjusted.
as
on
31,900,000
6,626,515
6,369,407 %
sold-
$3,596,572;
York
connection
:
761.
invests,
contract
which
Alifminium Ltd.
,
011
Earnings
•
--
1,700,000
28,272,000
profit----™
—8,664.668
7%
preferred stock--—L
2,342,378
Government
prompt
;
Divs.
Divs.
•
~
annual
account,
shares
United
p.
security
114,220
2,828,000.
net
Total
contractors,
New
special legislation.
161,
in
106,427
.
conting.% % 2,500,000
-
doubtful
fied
Department during the investigation and trial.—V.
other
for
Hand
sat as members of the U. S. Supreme Court, by
A number ol Supreme Court justices had
disquali¬
themselves in the case last year because of service in the
Justice
and
war
30,774.606
.55,739
2,715,000
19,180,000
(at
Th
31,265,813
•
458.
additional
431,207
40,532,942
tax
ties
Thomas W. Swan,
'
cash
895,203
taxes___„_•_
profit
Gain
it
■
Augustus
Net-
(net)
income
for
Prov.
Memphis,
,
-t
39,637,733
352,079
charges
for
profits
"Excess
of the-fide of the company's Perth Amboy (N. J.)
invested in Government securities after payment in full
tne
161. P.
not
-v'%/
,
Hand,
that
.
S
'
31,172,225
i
"the
innocently
'
4
'
*
Tiling Co., Inc.—Buys
1942
$
373,229
American Home Products Corp.-Listing of Additional
Shares— '
must have the power
to monopolize and
the
intent
to
monopolize.
To read the passage as demanding any
specific intent,
makes nonsense of it, for no monopolist
monopolizes unconscious Of
what he is aoing.
So here Alcoa meant to keep and did keep that
complete and exclusive hold upon
the ingot market with which it
started.
That was to monopolize the market, however
proceeded,.
'
proceeds
was
common
continued,
of
1943
-
428,905,657 802,492,426
30,798,996"
Interest'-' charges.
i
be important."
2,"
Co.
1944
—
Assets—Cash,
the
manu¬
Years
Calendar
•
operation—'_
Miscellaneous
Ind.—Acquisition--'
the Modern Package
for
<
-
" "
the
at
$117,000 note.
a
V.
monopolist
otherwise
'
within
fall
to
twin
costs,
;
;, .l ' ■%%%%
"Upon that effort success depended in case the plaintiff failed to
satisfy the court that it was unnecessary under Section 2 to convince
Alcoa of practices unlawful of themselves.
The plaintiff has so satis-
fled
revealed
the
added
*
market,"
of an order
hopper cars!.—
receipt
steel
•
Net' profit
Amboy were sold
for $250,000, or about $40,000 more than the valuation carried 011 the
books.
The balance of the
proceeds,
after deduction of
Government) was seeking to show that many
transactions, neutral on their face, were not in fact necessary to "the
development of the Alcoa's business, and had no motive except to
,
50-ton
>■!.
Encaustic
Securities—1;
was
property
oi
Goods
in
part
no
—
1,000
the
from
income.
Provision
""
from
:
large-scale
—
Profit
as
Vice-President and Sales Manager;
and C. W, DunSecretary-Treasurer of the parent firm, is Secretary.
,K.
Bray will be Vice-President^ Treasurer and Plant Manager.—
145, p. 2216.
\
7
It
G.
areas.
However,
schedules and to
time
general
279,504,771 386,787,994 268,942,401
Depreciation '2,418,575
2,479,9302.775,419
remain
ment
was
Frantis
Aluminum
had
company
1
•
announced
Account
,
and
early stage,
an
,
'
agree-
1%.;%'• % %■'-%;•
■
combat
resuming
less discounts, etc.—__ 312,722,343
of goods sold, incl. adni., sell.
Cost
>
American
"re-
the
cartel
a
The. agreement
,
Federal
by
complaint
holding
into
is
$
and plans to expand employment and the size of the acquired
S.;
' j - acquired company will be known as Modern Packages, Inc.,
will operate
as
a
subsidiary of the American company. 'Equip¬
•f-
-ordering
had-violated
Act
dismissal
Governments
Co.;
^alleged conspiracy.
"The plaintiff (the
xlecree
a
ir*
use
important
company
Gross sales,
"Tlje
will
issued.
be
Aluminum, Co.
section
whether
lor
meet
the
Income
,
nington,
|
to
combat
;
Victory
monopoly
left' it, to
a
Anti-Trust Act but
by entering
raent. \tdth a number of foreigii countries in 1936.
illegal, the court held.
■
The
I
Section
District
ability-to
product,
.-
.
ment
has been
ordered for the production of packages for food,
cosmetics, drugs, and automotive and airplane parts.
j<
R. L. Snideman,
President of the American Coating Mills, will be
President of Modern Packages, Inc.
President of the outgoing firm
lower
the
court for
of
-
,
per¬
aside
set
was
in
are
the
American Coating Mills, Elkhart,
and
'Appeals at New York has reversed a
that the-company and its 'subsidiaries
not
were
;
payments,
report to stock¬
Term.,
of
Circuit
S,
21
This company " has purchased
-
«
proved
1944,
year
'
•
America—Appeals Court Reverses
Decision Clearing Company of Anti-Trust Charges—
Holds Company Exercised a Monopoly—fteturns Gqse to
Lower Bench for Further Proceedings—
that
peace¬
25-year
to further dividend
been
assurance
March
on
plant.
Co.
to
reconvert
Commenting on the post-war outlook, Mr. Dickerman said that many
factors support the belief that a good market is in
prospect for loco¬
motives both
in
ihis country and abfoad.
refunded, Mr. Hess said.—V. 160, p. 2393,
161, p. 1306.
<
the reorganization plan of the company will be held
May 22 at the Morrison Hotel, Chicago.—V. 161, p. 977.
Aluminum
to
on
War
products
included, during the period,
11.490
combat
vehicles,
2,100,000 shells and 3,463 steam and Diesel Locomotives.
'V-'"J;
'
,
,
proceedings
had
it
taxes
'
Reorganization—
on
on
on
during
fact
tanks at Schenectady.
Output from the Montreal
Works, Ltd., is also being enlarged."
'
i
Dickerman announced that during the five war years from 1940
Other
,161,772
578,619
.
greater than
31,
1944,
company's
production
totaled
$1,156.000,000—an
approximately equivalent to the total output of the company in
period from 1901 to 1925, inclusive.
Of this amount
$864,000,000 was for war and $292,000,000 ior commercial products.
always
alphabetical
alphabetical
exact
as
Renegotiation proceedings for 1944
and
actual amount
876,843
1,681,229
...
railway
income
oper.
60%
was
Dec.
the
American Car & Foundry Co.—New Contract—
:
Diesel locomotives
quality
a
facture
not
'
.
delivered
tonnage
Locomotive
225,508
$1 ,823,436
From Jan. 1—
i
always
$1 300,000" deducted
497.689
493,291
in
companies
are
it
reasons
possible.
as
profit
the
however,
961,667
income...
oper.
1.942
377,199
) Net from railway......
Net ry.
1943
mechanical
arrange
Mr." Hess
this
1944
to
conclusion
and
1945
of
build
Mr.
according to Donald P. Hess, President,
'
'
and
because
22,500
;
_
the directors expect to give consideration
Earnings—
t
loco¬
war production in January of this year.
the end of 1944," he declared, "the company's facilities had
substantially converted to production of regular products, princi-^
pally steam
American Bosch Corp.—Dividend Outlook—
centage of
Alton
locomotive
production during the year, has been called
been
7,500
However, they
position
(was paid on the common stoclfc and the balance of $766,679 was paid to
the company's preferred stuck.—V. 161, p. 1305.
*
February—
of
large-scale
45,000
Co...
possible
order.
including 1944 profits, to $27,019,617 as of Dec. 31, 1944.
At the end
of 1943 earned surplus, stood at $22; 106,757,
Dividends paid in 1944 totaled $3,697,109.
Of this sum, $2,930,430
*
1944,
a
C.
time
agreed
^
...
NOTE-—For
balance sheet
stockholders
to
production/during
products
yielding
amount
$169,907,034,
interest
Of
substantial
commercial
accordingly,
previous peak year.
Dickerman, Chairman of the Board, pointed to the
company,
after substantially converting from wartime
to
as of Dec. 31,
19445 lists current asincluding cash of $51,330,801, and current lia¬
bilities of $65,153,020.
The preceding year* current assets were $157,833,037, including cash of $30,166,169^ while liabilities were $59,089,861.
sets
the
to
other
and,
the
W.
•
'
business
and
risk
Diesel
and
977.
p.
„
gain
at
fixed
price,
involving
higher margin of profit. The
company's production of steam locomotives was the highest since 1923,
listed as follows;
are
Co..
Hecht—.
&
*
volume of output during the past year, net profit
on security investments sold was only slightly less
1943.; This was due largely to the transition from
cOst-plus-
ir.
greater
Shares
Kidder,
$3.86.
-
"By
shares
of
,
/
,
the company for 1944,
were
of
motives
more
number
sum
fixed-fee
servicing of insureds.
Approximately 87%' of the busi¬
its subsidiaries clears through, and is serviced
Underwriters—The
to
8.8% or
$33,519,814; profit, 2.5% or $9,327,616; depreciation and amortization,
0.7% cr $2,523,097, and interest 0.6% or $2,214,139." %
The profit was after a provision of $2,500,000 reserve for
inventory,
or
than
1
.
$381,194,186
wage's and salaries, 27.8%
$177,205,527;
or
taxes,
the
'.
,!
Report—
Despite .lo^er
exclusive
sidiaries, place business with them.
billings and other income:
1944
and
Light
v■' /.
totaled
ofTcthis
Company and its subsidiaries obtain, business
than 2,750 licensed agents (most of whom also represent
other companies) having varying degrees of authority to bind the com¬
pany or its subsidiaries, and through
more than 3,600 brokers who,
although without authority to bind the company or any of its sub¬
peak of $461,430,230.
simplified
the
1
■
,
through
backlog still remains.
As of Dec. 31, J944, the backlog stood at $209,in comparison with the lecord $335,926,644 the preceding year,
Bookings for 1944 were $253,239,255 in comparison with the 1943 all-
from
com¬
The aggregate business
of
that, American
contracts
war
curities,
by, these branch offices.
680,268
A
instead of each share of
-
further
after provision for renegotiation
and, including a gain 0(^2,295,261 from sale of se¬
$8,664,668, equivalent after
preferred dividend re¬
quirements to $4.58 per share of common stock outstanding;
Avail¬
ability of these earnings for dividends, the report pointed out, was
restricted by requirements of the preferred stock sinking fund which
amounted to $1,000,666.
Earnings per common share after deduction
"
of
of the company and
ness
ail-time
time
shares of common stock (par $4)
2j/2
held
•• w
Net profit of
the par value of the common stock from $10 per
share, and to provide for the issuance to shareholders
per
SEC
American Locomotive Co.—Annual
Company and its subsidiaries maintain branch offices in 21 cities in
the United States, operated by salaried employees who cooperate with
and assist accredited agents and brokers in the sale of insurance con¬
8.006,369
$4.51
>
$4
the
purpose and must be liquidated and dissolved.—V. 161,
V,-'.
the shareholders
special meeting of
a
views
tentative
J10 useful
202.
p.
change
to
to
purpose,
1.$379,485,631 $295,996,435
J
billed
earnings
at
i*s
serves
500,000 shs.:
underwriting of
various classes of casualty
insurance risks and fire insurance risks,
and to a lesser extent; the issuance of surety and fidelity bonds. ' A
collateral activity consists of the. investment of funds available for that
1944—
1944
taken
Company—Incorp. in Missouri Dec. 14, 1911.
of
the company and its subsidiaries consists
4
Aliis-Chalmers Mfg. Co.—Results for
Outstanding
mon-stock (par
161, p. 1305.
Calendar Years—
action
to
'"Pursuant
;
Authorized
500,000 shs.
(par
held March l, 1945, the articles of incorporation were amended so as to
increase the authorized common stock fruiij 200,000 shares to 500,000
arrangement with
voting trustee
a
National' Bank of New
tbe^Uhase
In
Capitalization
■
Alle¬
to
matters involving mergers, etc.
In
similar fashion, the petition
said, the C. & O. would dispose
of its stock of the Pittston Co. and the Erie RR. through distribu¬
in
direction
ghany
Monday, Aftt^l 2, 1945
since
it's
resignation
organization,
has
took effect Dec. 9,
a
total
paid
or
on
losses
payment for the
r.
a
trusUafand the
resigned
1944.
from
M.
Treasurer
these
two
B.. Sullivan-
of
the
positions.
was
elected
■
Volume
Treasurer
Dec.
on
THE COMMERCIAL & FINANCIAL
Number 4373
161
Dec. 26. -1944.
>.
-
■
N.
1944.
1G,
became
Dougherty
M.
"
.
this
of
these
shares
/*
Total
operating
Operating
income—
Estimated Federal
income
State
Patent
taxes
Ended
&
1942
The
Other
-
1975,—V.
1,
general expenses—,
doubtful
3,724,483
accounts—
Net
/
Gain
operating
sale
on
Net
profit
Dividends
income,
of
for
paid
1
;
816,988
securities
year
3,053,873
_____
shares
A
Balance
Sheet,
tOther
Prov.
.Assets—Cash. $55,294; investments in stocks at cost (appraised value,
$326,522). 8542,295; investments in bonds (cost), $403,130; accrued
interest
receivable, S627;
tion of 81.191),
office equipment
excess
for
The
SEC
107,654
3,931,677
panies
asked
91,610
43,583
62,635
unable
to
Liabilities—Reserve for taxes, $4,591; 49,757 class A 5% participating
$497,570; 3,186 class B shares, $22,302; 9,149 class C shares,
$91,490;
earned
surplus,
$334,180;
capital surplus, $51,370;
total,
1943
American Railways Corp.—Calls 4x/2% Bonds
■
.
.
.
1944
certain
Ream, President,
Feb.
on
5, said in part,
and
respectively for
)'• Surplus,
banks
ulations
stocks
at
bonds.
and
all
bonds
the
the
values
basis
surplus
Dec.
Dec.
31,
and
1
to
received
$21,467,551
were
and
the
notes
934,—V.
values
of
Dec.
com¬
Power
week
valuation,
of
31,
1944,
of
Statement
of
as
Dec.
Assets—Bonds (including U, S. Government, direct, $12,626,824; mu-,
nicipal. $786,962, and all other, $70,735), $13,484,521; stocks, $5,429,2260; cash "(in banks and office), $2,034,770; mortgage loans (N. Y,
City real estate), $97,854; premiums not bver 90 days due, $337,823;
accrued interest, $49,886; salvage receivable, $33,436;
total admitted
The
the
M.
On
f
premium
(legal)
owned,
*
at
assets
and
surplus
would
in¬
be
D.
M.
,
A.
D.
continue
■
v-
has
has
Berry
to
serve
as
;
-
-
been
elected
Treasurer
succeed
to
the
late
been
elected
Credit
Assistant
an
and
SEC
has
will
Manager.—V.
161, p. 978.
■
.
■.
-
the
approved
amended
shares
(no
V The
<One
preferred
recapitalization
par)
of
will
new
distributed
be
for
common
to
each
common,
—V.
plan
the
of
outstanding
1,112,500
present stockholders as follows;
of existing 6%
preferred
share
x
106.
p.
Anchor
in
totaled
90,782,000
kwh.
for
Inc.—Output—
this
kwh„
an
corresponding
the
Plans
week
22
Co.—Registers With SEC—
issued
filed
23
and
registration
a
stock
common
—Mention
made in
was
our
Stock Offered.
issue of March 26 of the of¬
fering of 70,000 shares of $4 preferred stock (110 par) at
:$107 per share.
Further details are given herewith:
The
with
statement
and
being
are
offered
Santa
by
struct
charitable trust created by the late
a
which will receive the proceeds of the sale.
&
Co.;
&
Co.;
&
,Co.;
Hattier
&
Arbor
stock is redeemable other than for retirement fund,
at
the option
of corporation at any time upon at least 30 days'
notice at $110 per share if red. prior to April 2, 1949, redemption
jprice decreasing 50 cents on April 2, 1949 and on each anniversary
thereafter to and incl. April 2, 1954, and at $107 if red. on or after
.April 2, 1954, in each case with accrued divs.
Also redeemable for
the retirement fund at $107 per share and accrued divs. A retirement
iund for' the $4 preferred stock also provided for.
*)f
the
$4
preferred
Purpose—The
has
agreed
stock
purpose
on
is
the
make application
to
the
effect
to
."34,436
presently
and
York
New
Stock
the
for
listing
Exchange.
v
.
Courts
Co.;
&
Robertson
Dewar,
shares
shares
•share
of
Stock,
shares
of
and
Walker
H.
Sanford
and
Co.;
&
Whiting,
Chan.
Weeks
&
B. White &
Stubbs.—V.
to
to
retirement
$5
of
for
dividend
$5
shares
dividend
of
$5
the
stock
to
preferred
$4
stock
preferred
preferred
dividend
stock
for
one
of
all
of
preferred
the
stock
holders of outstanding
the right to exchange
on
the basis of one
of $4 preferred
plus
per
preferred
S4 cumulative
stock
Common
.'
1
stock
(no
par)
preferred stock—_—
par $12.50)
(
"
1943
72,169
70.000 shs.
1,500,000 shs.
715,550 shs.
underwriters named below have agreed, severally
purchase from the corporation an aggregate of
35,564 shares of $4 preferred stock and, in addition, such part of
the remaining 34,436 shares of $4 preferred stock as are not issued
in exchange for shares of the $5 dividend preferred stock.
not
jointly,
its
time
56,588
35,416
to
the
will
next
already
has
30
railway--
939,102
961,999
833,876
be
173.281
232,996
171,883
116,241
87,260
77,293
1942
from
to
for
authorization
experimenting
between
and
experiments,
for 1945, a
which
due
to
and
the
from
in
radio
Miller & Co.—
Blyth & Co., Inc
—
Hayden,
Goldman,
Barriman
Sachs
&
Ripley &
Inc.
Co/,
Corp—
Moseley & Co.
Stone
5.71
Brothers———
Securities
Eastman, Dillon & Co.—
S.
5.71
-
Lehman
Mellon
T.
5.71
Co._-
&
Webster
Blodget, Inc.
—
.
5.71
4.29
4.29
and
McDonald & Co
Collin. Norton & Co
Hawlev, Shepard & Co.—
Merrill. Turben & Co.— "
Baker, Watts & Co
Curtiss, House & Co._i__
Fahey. Clark & Co
Fieid, Richards & Co—
Folger, Nolan, Inc
Maynard H. Murch&Co.
Ball. Burge & Kraus
4.29
Lowry Sweney, Inc.—
2.14
2.14
2.14
1.43
Chicago,
railroad
Los
railroad spokesman said, the radio-equipping
will depend
on
the availability of
are
unable to furnish at this
demands.—V.
161,
1090.
p.
of
first
Redemption
mortgage
Ga.—Registers With SEC—
on
Under a reorganization and recapitalization plan company
the holders of
outstanding 6% and 7V%'/n cumulative
the
the
Exchange that last
privilege
of
for
receive
the
6%
preferred and 6% class A stock offering
shall receive dividends on April 1, 1945, at
paid on the stock on Jan. 1, 1945, but
exchange
of
rate
same
shall
of
stock.
holders
stock
bonds
dividends
dividends
no
V.
161.
thereafter,
the debentures bearing interest
Any debentures not issued in exchange for stock shall then be offered
holcfers
to
978.
p.
of
not
notice
by
U.
of
these
S.
7%
first
mortgage
for
of
the
bonds
are
entitled
to
receive
valuable securities
in
accrue
Holders
them
on
of old
72-90
Co.,
after
April
bonds should
for Exchange of
1,
344
an
sinking fund
amount to be
for each $100
The 5% sinking fund bonds are callable
5% sinking fund bonds not exchanged
first mortgage
serial bonds shall be
3%
redemption.
company
that about June 1, 1945, it will issue
notes and use the proceeds either for the
contemplated
of calling all 3% serial bonds and the outstanding une'xehanged
sinking fund bonds or to reimburse the company for funds pre¬
In the opinion of the management no, such
as it is believed
substantially all of the debentures
either for the company's stocks or bonds.
Courts & Co., Atlanta, is named as underwriter.—V. 161, p. 458.
accrued
plus
1945.
sale
communicate at once with
the company,
be
will
interest.
made
will be exchanged
Street, Worcester 4, Mass., or the Worcester County
Main Street, Worcester 8, Mass.—V. 151, p. 3386.
Albany
Trust
the Court
5%
cash
viously used for that purpose.
Any debentures not taken in "exchange
lor stocks or bonds may be sold by the company at not less than pa*
these bonds for new
securities expires Dec. 2, 1945, after which date these old bonds cannot
be exchanged. The new bonds have now been called and interest will,
by
lhe
exceeding $3,400,000 3'>
5%
fixed
of
plus
in
$3
purpose
exchange.
time
for
The
all
mortgage
exceeding
not
outstanding
first
of debentures
par
company
and
not
Holders
All
called
says:
outstanding
$100
of
the
debentures
103.
at
bonds who have
as provided in Plan
of Reorganization,
Court for the District of Massachusetts
bonds
District
their
exchanged
approved
"Old"
of
holders
to
basis
by
value of bonds exchanged.
par
Arcade Malleable Iron Co.—Calls New Bonds—
The
presently
the
on
determined
Atlantic; Coast Line RR.—EarningsArkansas Power & Light
Co.—Earnings—
1945—Month—1944
Period End. Jan. 31—
Period End. February—
1945—12 Mos.—1944
Operating
revenues
—
$1,480,151
expenses
—
626,012
674,123
381,150
172,029
888,172
81,377
1,049,475
868,473
95,448
105,000
991,903
1,567,000
$286,297
$237,413
$3,663,276
$3,897,601
15,750
23,750
176,000
expenses
697,554
91,244
revenues
Operating
$1,269,942 $16,411,340 $14,227,661
Operating
—-
1945—Month—1944
1945—2 Mos.-r-1944
$12,500,215 $13,464,177 $26,438,963 $26,820,091
8,200,045
7,265,389
16,912,691
14,512,382
85,000
taxes
Charges
in
oper.
for
8,079,192
7,197.033
in¬
of
Net
Amt.
taxes
$6,198,788
4,250,000
$9,526,272 $12,307,709
6,700,000
8,500,000
$1,948,788
$2,826,272
475,281
for
$4,300,170
3,000,000
$1,300,170
revenues-—
oper.
required
500,535
1,045,256
1)020,196
$824,889
$1,448,253
$1,781,016
$2,787,513
;
1,739,322
Operating income
revenuesof plant
rent
Net
—V.
lease
jl.
&
Equipment
retirement re¬
appropriations-
serve
Net
lieu
taxes
come
Property
Rent
—
taxes
Other
(net)
—
Operating income
Other
income
income.
oper.
ry.
161.
Gross
Miscel.
.72
1311.
p.
Commercial
and
year; South and Central America, Spain, Mexico
ations in the rates of exchange, remittances for
165,564
302,192
$3,652,840
$4,114,793
144,239
1,356,647
3,027,693
1.866
net
$271,750
income
77.300
charges.—
revervations
income
.
•
A
*—
„
13,000
shift
recent
to
the
$66,290
surplus —
$181,450
Divs. applicable to preferred stocks for period—V. 161, p. 1310.
$1,982,193
608,609
.
control
.
$1,087,100
944,328
this
of
funds
York.
Y.
N.
Mr.
of
President
Atlas
of
Bowles,
Tack
.
corporation from Sherman / H.
Springfield Union Beneficial Fund
who
Corp..
is
Treasurer
said
that
of
49,393
the
newspaper®
shares ;of
explained
-
stock
why
he
had
reported
the
company's
plants -were
In
Company, Publishers, 25 Park Place, New York 7, N. Y., REctor 2-9570. Herbert D. Selbert, Editor and Publisher;
twice a week [every Thursday (general news and advertising Issue) with a statistical^Jssue on^Monday].
Ojher
London, E. C., England, c/o Edwards & Smith, Copyright 1945 by William B. Dana company. Reentered ^secondMarch 8, 1878.
Subscriptions in United States and Possessions, $26.00 pet year; in Dominion of Canada, $27.50 per
and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain),
foreign su&criptions and advertisements must be made in New York funds.
the
had been transferred from Valley Trust, Inc.,
which is the Bowles family holding company, to the pension funds
about six weeks ago.
At the insistence of a stockholder, Mr. Bowles
corporation's
Balance
in
pension
to
and
314,000
i
the Republican Publishing Co., both of Springfield, Mass., was
disclosed on March 21 at a meeting of stockholders at 120 Broadway,
and
New
of
..
Atlas Tack Corp.—Shift in Control—
$3,812,601
$3,487,276
$210,529
1,203
(net)—
Financial Chronicle (Reg. U. S. Patent Office) William B. Dana
William
Dana Selbert, President;
William D. Riggs, Business Manager.
Published
offices; 135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens,
class matter* February 25, 1942, at the post office at New York, N. Y., under the Act of
The
$270,547__.^-$208,663
—
$3*607,709
facil.
(net)
Bowles
Interest
.72
San
from such date.
1.43
'
and
Angeles
officials
$10,600,000
100-year bonds, due July 1, 1995, at a private sale for a total cost of
This purchase reduced the total outstanding on the issue
Feb. 28 to $6,256,000, down from $6,595,000 reported Dec. 31, 1943.—
1.43
1.43
1.43
.72
con¬
cabooses
prior military
company
common
$318,410.
1.43
The Ohio Co
4.29
—_
tVertheim & Co
3.57%
to
FCC
communications.
.
17.85%
15.71
5.71
Kidder, Peabody & Co.—
fre¬
interested
manufacturers
radio
$146,000
for
stocks
aequiml $339,000 principal amount of its first mortgage 4%
it
These
various
to be conducted in the territory between Cnicago
Texas,
the
locomotives
their
^reports to the New York Stock
company
the
to
is offering
preferred
exchanging their shares on the basis of $100
pal'; talue of stock for $100 par value of 5% debentures and one share
of common stock, and to holders of outstanding 6% class A preference
stock the privilege of exchanging their shares on the basis of $50 par
value of stock for $50 par value of 5% debentures and two shares of
$400,381
From Jan. 1—
Net
assigned
at 102 Vs and
3%% bonds jdue Nov. 1, 1963.
Payment will be made at the Central Hanover Bank & Trust Co.,
trustee, 70 Broadway, New York, N. Y.—V. 159, p. 1442.
167,745
83,155
income—
'
service."
radio
There* have been called for redemption on May 1, next,
806,453
from railway——
Net ry. oper. income
1945
railway
allocate frequencies for a new
days.
received
stations
radio
of
interest,
39,407
month
expected,
of the Federal Com¬
proposal
Atlanta & Charlotte Air Line Ry.—Partial
89,954
52,169
Federal
100,000 shs.
Underwriters—The
and
recent
"railroad
as
March 23 filed a registration statement with tha
5% sinking fund debentures, due April 1, 1980,
and 275,000 shares of common stock (no par).
\
Operating
Capitalization Giving Effect to Present Financing
«
Cumulative
the
knewn
pointed out, will b©
obtain useful information in developing permanent radio equipment
insure faster and more efficient freight and passenger service.
While the Santa Fe is embarking on an ambitious radio cottnpunica-
SEC
$406,021
The
is
Fe
two
equipment
share
$3, the amount equal to the excess of the redemption
share of the $5 dividend preferred stock over the initial
public offering price of the 84 .preferred stock.
price
of
161,
1944
Gross
it
within
Galveston,
of
RR.—Earnings-
railway
oper.
$8,324,649
$10,348,000. Fed¬
.
number
a
follows
be
to
tions program
Co.;
113.232
ry.
$9,360,655
include
1945
taxes
company.
Purpose
Pan-
&
$467,141
not
Offer—Corporation offered
Exchange
34,436
.such
outstanding
profits
Pont & Co.; Clement A.
103,741
Net
,
Francisco.
Bacon, Whipple &
$470,961
The
provide additional capital.
to
equipping
These experiments are
Newhara, Cook & Co.; E. M. Newton & Co.;
Robinson-Humphrey Co.: George V. Rotan-Co.;
G.
February—
from
«
$4,349,889
February
Atlantic Co., Atlanta,
Net
161,
Service—
service
quencies,
railroads
the
*
preferred
Listing—Corporation
for
excess
announcement
radio
(par $21.80).
outstanding
Foundation,
Burnett
from
various
of
affected.—V.
Fe Ry.)
Santa
$4,532,573
accruals
and
for
this
by
The
1310.
Gross
claims
of
was
its locomotives and cabooses with,
two-way radio transmitters and receivers, and the installation of similar
equipment in several of its principal yards were announced on March
for the
increase of
company
The
Cori).—Preferred
companies
1944.
,
Hocking Glass
settlement
a
compared with $11,055,000 in
1944 and for the two months ended Feb. 28, 1945 include $21,572,000
Federal income and excess profits taxes compared with
$20,317,000
Purchasing Its Bonds—
•
income
The
andunpaid dividends and l/60th of a share of new
for.' each share of existing common or voting trust certificates.
161.
tax
Radio
Co.; Auchincloss, Parker & Redpath;
Neuhaus
Ann
accumulated
and
eral
income.
oper.
"Railway
&
White,
p.
common.
stock
new
share
the
and
$25)
(par
kwh,, an increase of
corresponding week last year.-—
the
over
plan under which
security holders of both
of
Net ry.
S.
Drexel & Co.;
Starkweather
■corporation, which provides for the issuance of 123,541 shares of new
stock (par $20) in place of the outstanding 105,000 shares of
cumulative
of
properties
85,580,900
March
on
Anderson,
Oscar
Co.;
common
■G'/o
of
Rauscher, Pierce & Co.;
Treasurer
American Utilities Service Corp.—Amended Plan—
The
U.
Co.,
Inc.;
R.
N.
Eddleman
&
Co.;
Folger,
Nolan,tInc.;
J. J. B. Hilliard & Son; Johnson, Lane, Space & Co., Inc.; McCIung &
Knickerbocker, inc.; Mosle and Moreland, Inc.;
Nashville Securities
y.
*
■
less
income,
on
coast; R. S. Dickson & Co., Inc.; Francis I. du
Brawley who died unexpectedly on March 7.-
Paul
taXe#
Merrill
Co.;
1857.
-
Danford
137,791,842
1310.
p.
&
1310.
shares of
are
Abercrombie &
American Rolling Mill Co.—New Treasurer—
D.
5.4%,
or
to
Period End. Feb. 28—
1945—Month—1944
1945—2 Mos.—1944
Railway oper. revenues. $41,699,259 $39,785,174 $86,658,221 $77,762,m
Railway oper. expenses
24,841,176
22,43.1,383
51,214,277
44,877,323
"Railway tax accruals—
12,430,094
13,118,085
25,889,115
24,468,032
Other debits or credits.
Crl'04,684
Crll4,183 /Dfl94,174
Df92,188'
Hemphill, Noyes & Co.; W. E. Hutton & Co.;
Paine, Webber, Jackson & Curtis; Stone & Webster and Blodget, Inc.;
Dean Witter & Co.; Dominick & Dominick; Equitable Securities Corp.;
Alex.
Brown &
Sons; Stern Brothers & Co.; Wisconsin Co.;
Lovett
$503,480 in the above statement are de¬
admitted
total
159, p.
•
Fred
1945,
24,
Anderson
D.
Evans
,
Canadian
electric
output
161, p.
250,000
Brothers;
,
the company's
and
the
March
shares
M.
Inc.;
basis of Dec.
creased $537,753.—V.
,
are
Morgan Stanley & Co.; Harriman Ripley & Co.,
Lynch, Pierce, Feuner & Beane; Smith, Barney & Co.;
Blyth & Co., Inc.; Clark, Dodge & Co.; First Boston Corp.; Goldman,
Sachs & Co.; Hornblower & Weeks; Kidder, Peabody & Co.; Lehman
other loss
and
$1,875,264;
reserve.
required by law.
31, 1944, market quotations for all bonds and stocks
as
.
Underwriters
liability
compensation,
unearned
Notes—Securities carried
posited
The
,
cocmmissions payable, $104,985; reserves for taxes, reinsurance, etc., $2,023,9.91;
■voluntary contingency reserve, $750,000; capital, $2,000,000; surplus,
$8,296,510; .total liabilities, $21,467,551.
$6,416,800;
kwh.,
Electric Corp. report that the
Electric Group for the. week
Gas &
amounted
Atchison, Topeka & Santa Fe Ry.—System Earns.—
(Includes Gulf, Colorado & Saiita Fe Ry., and Panhandle
'
of
of
company
for
SEC
$21,467,551.
Liabilities—Workmen's
reserves,
Associated
and on
Anderson Clayton
-
assets,
Associated Gas &
1945
munications Commission to establish and
1.944
31,
the
of the
23,
1310.
p.
the
over
1944.—V.
bpen
979.
p.
reserve
output
ended
6.08';
were
com¬
the specified
•"
s
,
recapitalization
Cana¬
1944
81,
American Water Works & Electric Co.,
$519,521
were
year
as
161,
The
have
they
Associated Gas & Electric Corp.—Court Approves Plan
■
Financial
'
.
market
on
. •
.
Federal
$8,834,263.
during
pared to $510,207 the previous year.
The total assets, using Insurance Department method
$22,005,304.
for
matters.
that
U.
S.
Circuit
Court
of
Appeals On March 27 uttanimously
affirmed
two
Orders
by
Federal
Judge
Vincent
L.
Leibell,
one
approving the plan of reorganization for Associated Gas & Electric Co.
and Associated Gas & Electric Corp., the other approving the so-called
$153,500;
tax
related
ground
transactions within
The
stocks
both
for
value
for
value
amortized
at
market
1944,
amounted
interest
and
of
as
of
161,
,
$1,700,000, $5,033,269; reserves for furrtabe
for contingencies, $650,000; minority'interest
in capital stock and surplus of subsidiary company, $17,172; $5 pre¬
ferred
stock,
$3,787,960;
common
stock
(par
$12.50),
$8,944,375;
capital surplus, $1,115,307; earned surplus, $4,620,026; total, $27,324,-
taxes and dividends paid,
In accordance with the reg¬
securities were valued as to
Department,
715,550
portion of
refundable
Dec.
1194.
and
the
on
proposed
172,180
715,550
accrued
charges,
repairs, $577,135;
including
to 88 296,510.
Insurance
market
On
deductions,
87,202,352
the
Dividends
<
.
from
of
7,000,725
payable—to
$1,389,648;
gas
Treasury
:v/". '■•••
after
increased
post-war
Shore
extension
Extended—
to
May 15 for the company to
subsidiary, Lake Shore Gas Co., to
its
Lake
of
the
161, p.
March
classes
provision
Premiums written during the year 1944, after deduction for reinsur¬
amounted to $3,923,517," a decrease of 843,884 compared to the
year.
265,000
.
banks, $99,000;
accounts payable—
payrolls, $448,368; accrued power,
water
royalties accrued, $117,486; miscellaneous
accruals, $23,915; accrued taxes, other than taxes on income, $347,774;
trade,
ance,
previous
■' \
715,550
assets
for
output
ended
$1,571,820
$1,607,884
172,180
172,180
,
—
extension
an
consummate, the
trustees of
electric
total capital assets, $9,103,585; total deferred charges, $220,495;
patents and patent rights, $1; good will, $1,710,510; total, $27,324,934.
follows:
as
The
V.
Liabilities—Notes
Robert C.
125,000
$1,954,895
_
granted
Associated Gas & Electric Co.—Weekly Output—
,
604;
American Re-Insurance Co.—Annual Report—
•>
227,280
25,511
555,000
hand, $5,504,787; U. S. and Canadian
Government bonds at cost
(equivalent to market), $1,058,365; notes
and accounts receivable (after reserve for doubtful notes and accounts,
$401,608), $3,026,607; inventories, $4,023,981; total other assets, $2,676,-
Its outstanding 4,/a% debentures due Oct. 1,
trust bonds dated Oct. 1, 1933, at par and
!
418,203
250,000
344,709
tax.
Consolidated Balance Shee't,
.
Assets—Cash in
for redemption
called
4,348,800
tax.
& Debs.
on April 30, next, all of
1963, and 4Va% collateral
interest.
Payment of the
debentures will be made at the Bankers Trust Co., trustee, 16 Wall
St., New York, N. Y., and of the bonds at The Commercial National
Bank & Trust Co., trustee, 46 Wall St., New York, N. Y.—V. 160, p. 530.
corporation has
and
.
'
The
4,681,650
deducting
dian
3969.
p.
debentures
$6,994,311
$483,200,
$503,408 and $468,436 in the
years
1042, 1043 and 1944 respectively for post-war refundable portion and
$15,383 in 1943 and. $23,200 in 1944 for debt retirement credit.
tAfter
deducting $20,194, $85,797 and $66,141 in the years
1942,.
;
133,
__
prof.
$7;63O,056
88,770
584,449
682,778
4,334;672
contingencies
"After
shares,
$1,001,503.—V.
taxes
excess
Net profit
Preferred diVTdends
Common dividends
for deprecia¬
(alter reserve
&
has
74,868
—
.
$157: total, $1,001,503.
the listing of $30,(subordinated), due
has authorized
income
1194.
dispose of its entire interest in
$7,587,373
$7,486,414
—_——44,360
profits
income
1944
31,
Dec.
income
deductions
"Federal
161,. p.
Associated Electric Co.—Time
i,
2,835,083
$7,394,804
•
—
Federal income taxes
816,991
12,440
;
class
on
Other
3
-——
Exchange
cumulative
4V2%
11,130
time.—V.
•
Stock
of
May
$50,334,169 $50,473,240 $42,025,521
36,631,548
37,457,011
30,019,050
molds—
1,088,983
1,069,877
1,040,698
1,483,222
1,230,239
1,090,460
—
income
Total
Co.—Listing of Debentures—
York
New
000,000
„
royalties
for
Armour &
1943
__
sales.—
adm.
141a
31
less
Gross profit
,,
3,300
_
etc.
Dec.
acquire
828,999
8,711
--.I——
_
rentals,
Deprec,, incl. cost cilf llew
Pl'ov.
_
and
of
Sell.,
expenses
machinery
discounts,
Cost
Ended Dec. 31, 1944
for Year
income Account
.
and
Sales
sold.
were
'
Years
1944
10. 1944. the Securities
which exempted from the
order
Statement
'
and Exchange Commission issued
an
order
provisions of Section 17 (ai of
the Investment Company Act of 1940 the sale by the Trust of 1,787
shares of preferred stock and 2,425 shares of the common stock of
the Boston, Worcester & New York Street Ry. Co.
Upon the issuance
Nov.
On
Income
Consolidated
trustee on
a
CHRONICLE
Asia, Australia and Africa, $31.00 per year.
NOTE; On account of the fluctu¬
bad
THE COMMERCIAL & FINANCIAL CHRONICLE
1420
condition
and
said
He
v.
wished
he
Revenue
Department,
161, p. 875.
::
Baltimore
Ohio
&
RR.
Debt
—
Bessemer & Lake Erie RR.-
Adjustment Plan to
Bondholders—
Assents
The
the
to
modified
in
debt
letter to
a
adjustment plan
bondholders.
by
asked
are
Gross
B.
R.
which
From Jan. 1—
Gross
Net
by
<5>
Provision
issued
for
eliminated.
below
debt
plan,
adjustment
the
the reduction of over $100,000,000 in outstand¬
the company and its subsidiaries and the reduction of
over $5,500,000 in annual interest charges."
To become effective the plan must be approved by a majority of
bondholders, following
which it will be submitted to the Federal
Court for approval and confirmation
V /
debt
the
the
for
Earnings
first
Net ry.
oper. Income.
Other income—
$3,380,746
James
DeCamp
the
output
$3,423,143
519,180
$6,800,264
$6,537,123
904,351
$3,942,323
$7,704,615
55,768
88,071
144,901
$7,522,617
155,264
inc.
avail,
for
fixed
$3,820,432
$3,854,252
$7,559,714
2,324,093
4,404,623
the
first
$1,530,159
$3,155,091
the
business
stated
second
be
taken
that
months
of
1945
against $3,110,119 in the
as
same
Federal
income
period in
taxes
Period End. Feb. 28—
1945—Month—1944
Railway
oper. revenues.
Railway
oper.
1944.—V.
161,
Railway
$2,145,830
$1,865,927
535,744
1,330,434
1,033,505
503,356
r' 224,352
243,944
income
oper,
1945—2 Mos.—1944
$920,100
657,178
$130,068
543,426
$160,004
$271,970
$329,066
Rent
income
(net)
Drl,642
6,699
Dr7,394
12,236
Other
income
(net)
4,250
3,932
7,274
into
is
of
1945,
Income avail,
for
fix.
fixed
■i
$132,676
$170,635
45,865
48,509
charges..
income
161,
1.
979.
p.
Bendix
Vincent
$271,850
$347,673
91,617;
/
$86,811
$122,126
$180,233
97,035
$250,638
•
(
"Net
of
profit
stock
(par
the possibility
of
case
an
early
of
end
will constitute
in its history.
the
first
public
offering
Defense
of
securities
oL the
Corp., and in part to pay for a contemplated
plant.
Any balance remaining will be added to the
Sinking fund provisions and call prices of the pre¬
this
working capital.
stock
will
be
filed
by amendment.
The
filing with the SEC follows by less
by stockholders of 1,000,000 shares
of cumulative preferred.
It was
marketing of an initial series of 30,000
tion,
shares
contemplated and
issued
and
common
that half of
exchanged
stock
individuals
or
of
the
in
the
on
the
Payment will
stock
shares
at
that
the
of
basis
for
and
60,000
time
cost
May 1, next,
bonds, due Nov.
expenses—
was
would
common
the
20,000 share's
$25 per share which were held
treasury.
effective
offering of the 4(4% series stock and the common stock will
through a group of underwriters headed by Harriman
Ripley
161, p. 979.
1945;
due
serially
(M&N)
from
Nov.
May
rents
1945
3,100,737
$46,687
$155,802
1,135,398
264,005
574,669
principal and
of
the
Wise.,
interest
of
these
United
States
co-trustee.
of
bonds
will
America.
1945
to
in
lawfui
Kuehlthau
be
West
payable
Louis
kbf'
Net
27,714
43,053
61,538
$579,440
$524,820
full
mont
.
States
Government
Belmont
It
year.
was
Hospital
was
bonds
was
strictly
a
have
built
been
in
pledged
1927
community
and
as
additional
opened
project.
95,286
223,546
$674,726
$748,366
$1,246,787
359,016
365,883
705,686
Orders, after deduction
approximately the same
$308,843
$42,680
Oct.
on
While
7
Belmont
originally owned
of
reductions
non-profit
the
tax
of
price
for
as
adjustments
1943.
refund
account
after
of Federal
are
Belmont Radio Corp.—To Be
Raytheon
Mfg. Co., below.—V.
shipped
during
the
corporation,
the
to
credit
which
income
in
December,
the
the
when
the
company,
P.
has
Lansing,
been
a
elected
director
for
to
~
income
contingency
post-war
from
and
Income
Operating
reserve_
and
Earned
_i.
1
Provision
for
Employees'
Prov.
for
post-war
retirement
Federal
and
State
income
taxes
and
Total
to
succeed
executive
G.
A.
of
the
Rentschler,
January
surplus
125,431
$42 110.266
'903.552
'862,259
905,000
800,000
us 665
'
142 210
•
.
<
'
1,352,000
1
.......
1,308,000
6,344,000
_
—______
dividends
_
6,893,000
$2,104,797
10,372,214
9,399,200
per
common
$12,296,691
9,837
$1,090,907
11,705
$1,542,162
$713,408
$1,102,612
V.
.
674,100
735,549
110,261
112,731
"407,750
*354,829
368,304
$939,391
$398,862
$248,317
$2.89
share
$1.28
$0.76
Y
on
Federal
$235,048
income
1943
In
$621,577
YY
:Y Y
and
and
profits
excess
$248,448 in
1942.
taxes
tOn
Y
$1.91
of $2,721,059 in
324,881 shares.—
160,
2755;
p.
Burlington Mills Corp.—Listing of Common Stock—
The
—V.
York
New
Stock Exchange
shares
as
of
which
of
161,
common
two-for-one
a
is
applied
has authorized the listing of 377,654
stock
stock
(par $1), upon official notice of
split-up, making the total number, the
for,
1,764,328
California Electric Power Co.
Period End. Dec. 31—
oi
common
stock.
income
$467,727
after
(& Subs.)—Earnings—
1944—Month—1943
earnings
—V.
shares
280.
p.
1944—12 Mos.—1943
$518,858
$6,614,308
$7,150,397
105,987
1,278,873
1,170,667
chgs.
taxes
94,875'
161,
307.
p.
Oregon
Power
Co.—Earnings—
12 Months Ended Dec. 31—
"1944
1943
$6,103,587
$5,874,031
1L—_wY-/-/;.' 1,351,048
Operating
Operation
1,302,486
revenues—'
MaintenanceProvision
275,317
for
of
Taxes
than
(other
limited-term
income
taxes)
Net
for
Federal
operating
lease
profits
excess
electric
6,615
—649,579
653,714
180,000
376,000
$2,165,882
taxes
tax—
•
revenues—
of
531,393
6,615
$3,080,211
Provision for Federal income
Provision
investment
292,942
560,817
depreciation
Amortization
545,000
Net
operating
plant—
——
239,793
239,309
—
—_
$2,840,417
$1,926,573
income
income
Gross
(net)—
30,017
income
:
31share
—
Dr2,144
$2,870,435
—
$1,924,430
Net
deductions——
1,690,269
713,392
$1,180,165
$1,211,037
—
income
Dividends declared—cash:
7%
cumulative
6%
cumulative preferred stock
cumulative preferred stock, series of 1927
6%
Common
stock—
preferred
stock—
390,649
864,653
741,133
170,611
46,758
274,566
Y46.758
274,566
f
468,000
"Preliminary.—V. 161,
Y' ■■■
Y:Y
The
170,611
,
.
/■'./
&
filed
Y/Y
.
Y <"■'
Telephone Co.
V/;/";'
.;//>: /
has
468,000
107.
p.
Registers With
Y
registration statement in the San Fran¬
cisco
regional office of the SEC covering
107,000 shares of $1.20
preferred stock and 9,672 shares of common stock.
Holders of the present 6% preferred stock ($25 par) will be offered
the right to exchange for the new stock on a share-for-share
basis.
—V.
company
154,
a
859.
p.
>
Canadian National Lines in New
February—
Gross
Net
from
from
Net ry.
1945
1944
1943
$145,900
$173,000
*30,969
*133,407
*90,962
$172,200
*11,164
*59,417
$258,000
*80,579
277,400
491,500
'
railway-
railway
oper.
.
England—Earnings—
income—
.
1942
50,529
*33,910
From Jan. 1—
Gross
Net
from
from
Net ry.
railway—
railway
oper.
297,500
161,
330,800
*133,275
p.
*70,465
*58,471
99,408
*235,887
^
income
*184,625
*154,918
*63,648
980.
$11,503,997
382,952
—_
dividends
surplus/Dec
$703,571
14,720
stock
"Deficit.—V;
tEarned
Earnings
$11,984,835
$1,924,477
tax.—______
income
surplus,
$1,527,442
"2,905,256
taxes—
California Water
54-7 094
—__L„
profits
$4,495,837
$4,518,746
&
SEC—
1943
232,337
emergency facilities.—
and other
conting
insurance
surtax
"Excess
Common
group
Account
$11,315,358
;
[
of
1,233,281
-
Surplus
after
1
amort,
$2,324,188
839,793
22,910
per
"Includes
-
subsidiary, Bucyrus-Monighan Co.)
income
incl.
1941
$1,543,364
1,077,520
$793,817
other
income
income
1942
$2,604,961
Net profit
exact
deducting cost
'
""'r
of material,
labor and
manufacturing exps. $13,-981,381 $14,887,776
General, admin, and selling expenses
2,666,023
2,902,941
Other
1943
1944
income
tEarnings
331,547
.
1944
sales,
(& Subs.)—Earnings—
'
<lncl- its wh°By-owned
,
J.
$462,270
:
Calendar Years—
Net
and
Total
3,315,469
Government—
Acquired-
Vice-President
a
charged
of
York,
$3,777,739
tax——
refund
Consolidated
Preferred
Raymond
the
redemption on May 1, 1945, out of
$32,000 of first mortgage 3%% bonds,
at 105 and interest.
Payment will be
P.
Morgan & Co. Incorporated,
trustee,
N. Y.—V. 159, p. 1858.
——$5,591,759
1,095,922
Depreciation
Other
to
New
for
Income charges
Income
Gross
$371,788.—V. 160,
1965,
Operating profit—
Rent for
Government— ..—J.
profits
will
company
taxes.
minor
the
16^. p. 1311.
office
Expenses
year
contingencies at the beginning
1944 was $1,189,048.
After charges against this reserve in"
1944,
there was a balance of
$395,231, to which has been applied $905,000
from
1944
earnings making a total reserve as at Jan. 1, 1945, of
$1,300,231,
This contingency reserve is in addition to those
required
in
the, normal conduct of the business and is to provide for any
contingent costs, including renegotiation of war orders.
Deprec.
Bendix Aviation Corp.—New Director—
<
the
Street.
California
orders
and State
subject
excess
post-war
reserve
of
reserves
were
(Corps of Engineers\
cost,
fAfter
fund,
1,
Bulova Watch Co.
$850,000.
the
called
sinking
Nov.
3 Mos. End. Dec. 31—
1943.
Government
on
for
of
Hospital
burden.
the
due
Gross profit
and
cancellations,
and
adjustment
amount of State income taxes is
determined.
Earned
See
at
Wall
Net
Lake Division), confirmed
by the Price Adjustment Board in
Washington, decided that the company's renegotiable contracts, com¬
prising 68%
of our total shipments for
1943, should be reduced in
price by $3,777,739.
The following tabulation is given to show the
Total
Illinois
of
made
$517,800
'•
renegotiation of 1943
earnings was completed
and as a result, the Price Adjustment Board
that
profit
Hospital was relieved
in
A,
23
has
company
series
listing
—Great
Final
$42,180,748 $40,961,747
plus accrued interest.
728,987
security.
by a corporation titled, Belmont
Hospital, Inc.,
profit corporation, it was in 1938 transferred
to the non¬
coloration
organized
for
that
purpose,
namely,
Belmont
Community Hospital Association.
The stockholders of
the
original
corporation accepted second mortgage bonds in lieu
of their original
stock. (Through
the organization
of
a
an
1
cost
common
Coleman, Chairman, on March 3 said in part:
shipments in 1944 were about 4% in excess of those
refund
11,049,086
Buffalo Creek RR.—Partial Redemption—
W.
cash
—
620.
p.
$1,043,306
203,481
1
Bucyrus-Erie Co.—Annual Report—
'
proceeds
will
be
used
solely
for
the
purpose- fpt' paying
and retiring $105,100 first
mortgage 4% bonds .issued by Bel¬
Hospital, Inc., dated as of Aug. 1,
1927, and . assumed by
Belmont Community Hospital Association.
V',
The bonds, in the
opinion of counsel for the
corporation- will be
the direct obligations of the
corporation and will be
secured by land,
buildings, fixed and movable equipment and other
property having an
appraised value,.of $300,819. In addition
$25,000 par value of United
in
"At
Gross
Reduction
26,862
5,605,809
10,372,214
511,413
Buckeye Pipe Line Co.—Acquisition—
Net
235,387
5,585,973
surplus
surplus
Other income
$483 189
to
1,189,048
235,387
1945—2 Mos.—1944
964,685
16,154
etc.—
reduction
1,300,231
"
6,176,095
The
$6,794,792 $13,312,734 $13,626,924
5,334,064
11,205,507
10,875,269
$124,173
refund
contingencies.
—
6,176,095
*$60,457
It
is reported
that this company has arranged to acquire a new
eight-inch products pipe line system extending approximately 105 miles
from Robinson, 111,, to the
vicinity of Indianapolis, Ind., at a cost of
approximately $1,300,000.—V. 159, p. 2411.
YY/Y^ Y /Y.;:/-
Less
16,351
other
$5)
Total
101,129
figures
26,116
227,230
26,993
stock
additional
on
67,835
31,143
1,015,337
reserve
issuance
These
custom,
contracts
(par
$3,161,193
3,444,104
$382,060
income
receive
jto
9,385,428
Y.
67,927
5,546,500
1944
$3,288,302
589,569
(Dr)—
inc.___.
of
462,270
9,156,941
_
Ltd
post-war and
reserves
35,240
274,170
5,444,700
161, p. 1198.
The
*1,
1, 1955. Bonds are in denom. of
$500, $1,000 and $5,000 registerable
as
to
principal.
Principal and int. payable May 1, 1945 and
semi-annually thereafter on Nov. 1 and May 1 of each
year at First
National Bank of West
Bend, West Bend, Wise., corporate trustee.
money
Riiston-Bucyrus,
for
40,485
renegotiation
royalties__L.
sales
on
430,098
,
_________—L_„
and
24,517
434,260
—Month of January—
317,680
(Dr)__
oper.
effect
result of
a
99,111
34,188
—
as
$1,240,087
97,382
Common
476,382
Total income
net
——$1,005,998
payable
(par $100)—
1944,
1944;
6,838,511
Preferred stock
161, p. 459.
5.448,685
income
Gross
Community Hospital Association, Chicago, III.
Offered—An issue of $100,000 1st
refunding
mortgage (3-3^4-3Vz%) serial and sinking fund bonds
are being offered at 101-101
l/z according to maturity by
B. C. Ziegler & Co., West
Bend, Wis.
!
S.
Insurance
——1—.—... -
Belmont
1,
to
Other
159, p. 4.
—Bonds
Feb.
Due
1973,
1944
$6,640,961
——
to
6,838,511
—
payments
Reserves
Earned
1945—Month—1944
revenues
The
payable—
•
accounts
taxes
1,
Maine RR.—RFC
Taxes
Price
26,025
1,190,422
5,365,635
$42,180,748 $40,961,747
commissions
$113,000
3,084,117
cost.—V.
over
Operating
amounted
27,700
1,190,422
5,048,640
—
Additional costs of contracts invoiced
State, Street Trust
Earnings for February and Year to Date
The
35,735
47,696
developm't,
.
payable
Due to U.
Accrued
Accrued
1
W.
engineering
patents
71,698
45,541
42,641
*Y/;
154,169
$3,037,430
$186,589
interest,
87,783
over
receipts
&
(
J
payroll-deductions for income taxes—
July 1, 1960, at 103 and accrued interest.
This price
represents a premium to the RFC of $300,000. The great¬
er portion of the issue has been
placed privately.
—V.
of
and
accounts
Capital
1945
21,398
1,107,918
I,
74,575
——
Accrued
on
February—
'$3,074,113
3,260,702
f
330,416
stock at cost—
common
$973,601
the
3,945
/
1,150,955
181,368
at
44,901
22,798
payrolls
due
ry.
profits
etc
taxes
Liabilities—
Kidder, Peabody & Co. and The First
Boston Corp., of Boston,
Mass., $10,000,000 of its $38,993,000 holdings of 4% first mortgage bonds, Series RR
made
Bend,
in
Sells $10,000,000 Bonds—
The Reconstruction Finance Corp. announced March 23
fac,
44,051
Accrued
1944
be made
—Month of
receipts—
Joint
expenses,
7,242,954
,
...
moneys
that
preferred
Co., Inc.—V.
Both
war
Ry.—Earnings—
./Y/V-Y/y'/Y
Boston
10,788,947
—
refund bonds, first series—_
with mutual insurance cos,
of royalties and commis-
consisting
Total
charges, including depletion, depreciation, cost
leaseholds, and provision for Federal income
.,
"Excess of
9,303,003
_—
(net)
trade-marks
1198.
p.
Period—
month the authoriza¬
1,000,000 shares of
value of
company's
a
common
announced
25-for-one
a
par
than
of
is expected that when the
registration statement becomes
Dated
Goodwill,
and
interest.
of
5,427.949
674,434
through
the
trustee, State and Congress Streets, Boston, Mass.—V.
Excess
3.611,366
1943
"
company has called for redemption
first mortgage and collateral trust 3%
Co.,
Plant
to
assets
Trade
—
all
wells
161,
and
10,182,605
Ltd.——..—
excess
tRuston-Bucyrus, Ltd.,
cutbacks must
of
i
;
receiv,
_____29.009/
Miscellaneous
The
of
at 105
Net
150,000 shares of common stock are to be sold by certain
present stockholders and involve no new financing on the part of the
corporation.
The preferred stock represents new financing
by the
corporation, which plans to use the proceeds from its sale in part for
the purchase of the Lincolnwood
plant, now operated under lease from
be
decreased
1943
$2y660,231
(net)—
bonds
and
Cash surrender value of life ins. policies—
Fixed
Blackstone Valley Gas & Electric Co.—Bonds Called—
Co.—Registers With SEC—
statement covering 30,000 shares of cumulative pre¬
4(4 % series (par $100), and 150,000 shares of common
$10) has been filed by
company
with the SEC;
This
The
public
in
not
1944
$3,564,080
etc,
Advance
Rentals,
registration
stock,
&
although
have
„———
deducting
taxes.—V.
March 27 in New York, N. Y.—
on
666.
ferred
It
demands
cost
pay¬
Due from employees-retirement insur. premiums
accounts receivable
that
so
1943.
81
Dec.
$1,144,628
abandoned
Other
Helicopters, Inc.—Obituary—
Bell & Howell
by
lines,
in
representing
Miscellaneous
A
f CY
YYV;
Bendix, President, died
161, p.
be
civilian
the
on
deposits
slows,
reported
was
annual
income
Gross
Net
of
than
Bishop Oil Co.—Earnings—
Calendar Years—
%
*
Equipment rents
ferred
it
of
payments
Dividends
Operating
charges
the
1944,
$766,000
receivable
travel
profits tax
Advance
slightly
that
563.
p.
Period End. February-
addition
observed
lower
consideration
161,
6,371
company
the
at
of
refund
Premium
be
and
"
tax
at
—,
accounts
insurance,
that it has sold to
$1,031,190
expenses.
Railway tax accruals
offering
months
probably
of
1194.
A
v/ill
year
"
■
notes
Ruston-Bucyrus,
Post-war
Sheet,
—1—
serial
//
from
Prepaid
Y'/.Y/vY'
this
three
Government
quarter
Europe.—V.
$2,739,361
two
Bangor & Aroostook RR.—Earnings—
V.
"472,969
,
He
4,627,992
$1,626,699
in
$4,316,845,
Net
of
also
receipts
—V.
"331,116
-
,
indebtedness
Miscellaneous
$7,367,353
2,193,733
income
"Includes
Total
"94,954
1944
deposits
series,
tax
—
of
accounts and
Inventories
President,
He
Cost of service—
charges
ctfs.
Balance
'
.
demand
notes,
value
S.
Due
985,494
$3,876,200
from
charges
p.
"553,726
earnings for the present quarter will be less than in the corresponding
period of last year.
,
Total
Net
1,774,815
"512,505
first
Wise,
26,
Boston Elevated
Fixed
1,874,299
"507,025
meetipg of stock¬
although the company's
for the armed services has practically offset the
in carpet production,
the margin of profit on the
March
on
"After
1945—2 Mos.—1944
495,454
income
deduct,
Inc.
1,782,405
"698,535
quarter
in
volume
February and Year to Date
1945—Month—1944
Railway oper. revenues- $29,836,892 $28,189,492 $60,257,835 $57,054,406
Railway oper, expenses,,
22,020,407
21,100,858
44,812,199
43,151,575
"Railway tax accruals3,912,389
3,141,131
7,624,018
6,241,424
Equipment rents (net).
307,341
367,437
637,280
810,205
Joint facil. rents (net)216,009
156,923 ,
384,074
314,079
Total
1,649,973
of
Period End. Feb. 28—
Misc.
"U,
Trade
y
volume
Government
is
company
materially improved by
ing
for
increased
be
and pledged
notifying
holders that contingent interest due May
1, 1945, will be prepaid
April 16, thus bringing contingent interest payments up to date.
Urging bondholders to accept the plan, Mr. White said in his letter
that by accepting the previous plan issued in 1938, securities holders
"avoided the consequences of bankruptcy and your position has been
the
with
Along
"340,026
"298,365
.
railway—,.;.
railway
decreased
to
bonds
premiums on the new
bonds is changed.
redemption
for outstanding
Sales
/Y'Y-Y;/Y-
"
:
ment
"280,135
:
and
Treasury
Excess
holders
bonds is
of
$887,024
.
'■
hand
on
S.
"156,910
Bigelow-Sanford Carpet Co., Inc.—Sales, Etc.—
basis
issuance
$891,541
U.
"34,828
Net ry. oper. income—
*221,798
"Deficit;—V. 161, p. 980.
v-.'-
improvements and betterments is limited.
•
(3) Provision is made fox issuance of emergency bonds and a sink¬
ing fund therefor ahead of contingent interest.
(4) Expenditures out of sinking fund for capital investments as a
for
'
from
from
$839,933
1942
"269,669
Income--
oper.
Assets—
1943
$897,097
*277,499
14,308
railway
railway
from
Net
was
Consolidated
Cash
1944
0% $705,000 in
refund
post-war
tlncluding $1,572,568 (1944m and $1,450,932 (1943)
preferred and common stocks in treasury.
of
-Earnings—
1945
from
Net ry.
^approved by the Interstate Commerce Com¬
mission earlier this month, differs in several details from that drawn
up Sept. 20, 1944.
The principal changes are:
< 1 > Maturities of the first mortgage, Southwestern Division, Pitts¬
burgh, Lake Erie & West Virginia and Toledo-Cincinnati .Division
bonds are extended five years more than originally proposed.
(2) Principal amount of these bonds which may be issued to finance
plan,
'
February—
White, President,
"After
resigned.
Mr. Lansing is also a member of the company's adminis¬
tration and engineering policy committee.
As group executive, he is in
charge of the Eclipse-Pioneer, Philadelphia and Scintilla divisions of
the corporation.—V. 161, p. 1091.
that holders convert their stocks into bonds.
to make plain to everybody,
including the
the
extent of
plant depreciation.—
suggested
that
Internal
Monday, April 2, 1945
—$11,049,086 $10,372,214
$1.25
$1 39
Canadian
Converters
Co.
Ltd.—Sells
$600,000
Serial
Issue Privately—
stockholders of the issuance of a $600,000
issue, the company made arrangements for the private sale of the
Following
bond
approval
by
rate of $50,000 a year, starting
Interest coupons are 3%, V/z%,
2W& and 4%, depending on maturity.
v
Proceeds will be used in building up working capital and for acqui¬
sition of other properties, in anticipation of an unprecedented demand
for the
coinpany| products after the war.—V. 161, p. 980.1946,
Carolina Power & Light
$1,547,388
543,945
566,036
Federal
expenses
taxes
370,328
160,763
306,948
163,629
125,000
125,000
taxes
Other
serve
Net
3,775,610
{net)
Income
3,716,610
1,841,772
1,500,000
1,500,000
Interest
$353,180
145,178
income
charges
income
—V.
161,
$326,040
139,391
$4,151,046
1,779,579
$186,649
p.
period—
1,134,601
Sheet
Balance
Assets—
31,
Dec.
,
$2,485,248
1,242,440
Mass.-
Heights,
of
.
$548,963
tax
„|
trucks)
and
Trademarks
Deferred
.378,367
—
—
,
reserve)—.;—
731.973
360,000
1—
—
reserve)—
(less
,
239,424
—
.
———
176,176
11 889
charges
$4,495,831
Total
—
t
Liabilities—
13,745
56.482
income
security
Social
33,000
subscriptions for U. S. bonds
tax withheld (employees)
Employees'
Federal
$155,660
„.
payable
notes
Debenture
taxes—
—
:Li
_
210,408
———
187,000
payable (not due within one year).
value of $100)
Debenture notes
stock
Common
'17,603
.— —
liabilities
Accrued
2,290,900
(par
327,519
surplus
Capital
1,203,513
-Earned surplus'
Total
After
joint announcement by this company, Baldwin Locomotive Works
Westinghouse Electric & Manufacturing Co. says:
The Chesapeake and Ohio Ry., on March 27 asked WPB permission
to jbuild
three powerful coal-burning locomotives of a revolutionary
of steam, turbine
and'-electric drive.;-''r'.'rV.v-y,'v
!
\
• •>7No
electrically driven locomotive powered by steam turbine is In
operation oh any railroad in this country today., Each of these new
locomotives will combine in a single self-contained independent unit
the advantages of speed, continuous power and smoothness of operation
t After
$27,780.
of
reserves
$4,495,831
for depreciation and
—
reserves
--
obsolescence of $633,450.
engines
6,000 horse
-
Earnings
share
common
per
working
Net
capital,
at
ferred debits,
reserves
for depreciation
$100,000; accounts payable, $151,950; pro¬
vision for income and excess profits taxes, $29,249; appropriation for
future
advertising,
$40,000; reserve for contingencies, $30,000; 5%
cumulative redeemable preferred stock
(par $15), $575,610; common
stock (45,902 no par value shares), $459,020; capital surplus, $25,370;
distributable surplus, $80,764;; earned surplus, $263,214; total, $1,755,Liabilities—Bank
155,
177.—V.
loans,
!
258,
p.
Corp.—Two Trustees Resign—
The resignations ot J. Cloya Kent and Overton D, Dennis as trustees
of
this corporation were accepted on March 21 by Judge Robert N.
Central States Electric
Kent
Mr.
Federal District Court at Richmond, Va.
trustee in .February, 1942, and Mr. Dennis in
in orders filed .in the
Pollard
made a
was
August,* 1942.
In
the order,
trustee for the corporation, describing him as
position as a "disinterested person."
$25,000 and will share the
same
as Carl J. Austrian, ap¬
pointed a trustee by the court on Nov. 15, 1944.
A
petition had been filed in the court earlier seeking removal of
Messrs. Kent and Dehnis on grounds they were "not qualified to do a
competent job in this case" by the committee for holders of 7%
cumulative preferred stock of the corporation.
Court action on this
petition had been set for a later date.—V. 161, p. 1198.
Virginia,
as
qualified
foj
new
a
the
Butcher is required to give bond for
authority, duties and responsibilities
Mr.
1945—Month—1944
$367,687
$776,401
244,600
513,951
£492,998
$133,221
$123,087
$262,450
$240,668
512
528
795
1,574
$133,733
$123,615
$263,245
Gross
24,062
24,797
48,845
norm,
Fed.
exc.
and
33,000
44,500
63,000
surtax
prof,
$65,818
$119,100
$130,559
13,092
requirements-
div.
18.928
26,184
37,856
161, p. 1312.
Central Vermont Ry., Inc.- -Earningsfrom
1945
1944
1943
1942
$770,319
Net
from
Net
ry.
$730,813
$641,072
$612,590
147,222
175,593
130.490
148,570
57,814
railway,
76,983
49,079
86,600
railway——
oper.
'
income.
from
from
Net
Net
1,490,058
1,304.533
1,212,301
118,078
376,720
289,099
264,870
*63,862
183,125
125,867
123,283
income—*
oper.
ry.
1,341,633
railway-
railway
♦Deficit.—V.
for
redemption
161,
V;'>
•
cumulative
prior
stock,—V.
preference
161,
p.
®1312.
Gross
from
from
1945
$343,714
99,280
45,805
Net
ry.
railway.
railway.—'_
oper.
income—
From Jan. 1—
Gross
Net
-Net
—V.
from
from
ry.
railway—
railway
oper.
income
.
1944
$403,558
167,150
90,963
1942
1943
$284,029
$347,147
141,655"
.
99,102
78,149
59,189
687,694
588.841
283,669
215,531
156,767
128,987
...
712,788
212,111
91,034
161, p. 1093.
760,398
272,165
139,220
161,
'.•'*»•
railway
oper.
Net
ry.
—V.
40,753,572
18,990,928
38,504,157
4,986,908
21,474,740
7,685,223
4,414,402
31,337,147
17,354,423
6,334,000
railway™.
14,707,917
7,319,414
income—
oper.
;
railway
Net
ry.
1943
-
$2,691,797
.
857,581
$2,515,376
1,009,102
$1,541,145
212,488
334,456
386,959
132,963
5,404,476
1,559,956
415,440 *
551,318
4,981,872
1,919,844
754,901
Income
oper.
1942
$2,343,438
590,157
railway.
from
1944
1945
February—
from railway—;—
Net
371,641
4,949,884
1,196,229
railway
Net from railway—
from
Net
—-V.
income—
oper.
ry.
ry.
94,669
304,026
122,292
312,402
142,640
272,963
118,852
45,648
43,793
47,122
—V.
58,170
161, p.
authorized the listing of 9,902
additional shares of common stock (no par) as follows:
9,608 shares
upon
official notice of issuance in payment of a stock dividend of
2'/2%, and 294 shares to be added to a reseve against outstanding
options, upon official notice of issuance upon the exercise of such
options.—V. 161, p..108.
*
Columbus &
President,
Net
*
ry.
railway
15.518
257,495
railway—75,238
from
Net
ry.
—v.
62,875
258,545
64,814
26,493
25,646
1—
161, p. 981;
10
Increase—
railway...
oper.
'
•,
.
'«'•
w
-Gross
36,860,789
railway-——
11,102,543
income—
1312.
5,031,051
from
Net
ry.
.J
"
*
revenue
•
—
1945—12 Mos/—1944
'•••,.•■
<jj
19,386,599
jj)
18,301,501 208,961,793 204,076,848
80,555,632
7,398,905
6,823,093
93,347,230
1,987,604
6,469,017
2,192,224
5,834,949
25,841,213
50,023,928
23,455,268
57,945,972
3,531,072
1,217,102
taxes—?.
for
% Incr.
0.6
*1.7
; - 1.0.
1.3
i
4,1
>
Subs.)—Earnings
1945—Month—1944
•'
expenses —_
Prov. for depr, & amor.
Provision
>. > ?
1313.
Operating
oper.
161,
p.
•
1942
1943
$16,786,277 $11,987,211
7,333,559
4,078,728
2,295,296
4,238,195
2,236,069
35,857,891
11,793,279
5,235,484
24,970,761
8,326,070
5,240,457
32,992,664
13,652,673
7,819,209
income
Gross
Interest
.
'•
from railway——
Net
—V.
1944
2,492,516
income—
From Jan. 1—
Gross
161, p.
Period End. February
—
-
——
stock
pfd.
on
subsidiaries
3,451,235
1,339,254
39,749,420
15,675,870
42,119,975
16,385,428
872,697
62,434
928,214
100,642
of
.
—
deductions
Other
$17,534,963 $17,334,678
5,042,813
5,304,030
from railway—
from
ry.
—
24
period in 1944.
past four weeks
1944
191,421,000
196,287,000
196,723,000
198,207,000
194,941,000
Commonwealth & Southern Corp. (&
St Paul & Pacific RR.—Earnings—
1945
February—
Net
—
3—
Mar.
Feb.
March 27,
,
Chicago Milwaukee
Net
1945
192,545,000
L————
192,976,000
198,637,000
—200,685,000
202,890,000 •«.
Week Ended—
Mar.
of companies,
utilities, for the week ended March 24,
0.6% increase over the corresponding
Following are the kilowatt-hour output totals of the
and percentage comparisons with last year.
873,229
12,907
*'
Output—
a
"
•
203,178
31,753
^!;V■'
output of the Commonwealth Edison group
showed
1945,
Divs.
Gross
\
161, p. 982.
•. *
■
>
Commonwealth Edison Co.—Weekly
condition was more serious.
Jackson on March 27 was elected a director of the company.—
Mr.
38,610 £
Income.—
oper.
/
-
.
railway.—
the
currently
V.
12,910
17,428
Jan.
from
Net
$126,876
33,046
$131,415
36,356
310,814
income—
oper.
From
Gross
1942
$90,2P1
11,077
3,248
1943
1944
1945
$137,299
29,317
railway-—
from
from
F7
when interviewed before the
held
stockholders
the
of
Greenville Ry.—Earnings—
February—
Net
has
Exchange
Stock
York
New
Mar.
374,801
Additional Com¬
Stock—
mon
3,,275,811
annual
reported that catalog
sales of the company for the year to date were running approximately
6% above last year.
Retail sales were also exceeding last year.
He
added, that over $18,000,000 had been refunded to customers
during the preceding year because of mechandise shortages, and that
Jackson,
W.
Robert
272,606
982.
♦Decrease.—V.
Chicago Mail Order Co.—Sales
$126,658
52,327
26,637
income.—
oper,
24
1311
161; p.
16,900
$150,683
68,805
23,212
railway——;
from
Net
Mar.
From Jan. 1—•
Gross
$149,201
54,495
20,644
36,889
excluding sales to other electric
RR.—Earnings—
1942
1943
1944
1945
$125,469
railway
Electricity
Gross
'
—
income—
oper.
from
Net
161, p. 981.
Chicago & Eastern Illinois
187,629
From Jan. 1—
Gross
;—
railway,—
from
from
$1,322,458
346,109
/
railway
from
Gross
From Jan. 1—
•
$2,041,413
803,594
430,179
982.
p.
/' February—
**! ■
railway
from
322,658
income—*
oper.
;
.
$2,549,296
951,117
506,101
Colorado & Wyoming Ry.—Earnings—
of
10,927,606' 11,624,719
1,326,783
2,039,048
div.
bef.
income,
Net
pfd. stock of par¬
on
1,378,839
1,083,123 11,819,161 12,070,778
share on the
corporation's $6 series preferred stock (not
including fractional scrip), after taking into account dividend payable
on April 9,
1945, amount to $41,858,166.corporation
ent
—
28,
Feb.
Note—At
outstanding
1945,
dividend arrears of $28.25 per
shares of the
Weekly Output—
Minneapolis & Omaha Ry.—Equip¬
The
1945,
1,
May
of
75%
determined
be
authority to issue and
The certificates, dated
and payable in 10 equal annual installments, are to
the cost of new rolling stock.
The coupon rate is to
by the successful bidder.—V. 161, p. 1093.
has applied to the ICC for
of equipment trust certificates.
company
$1,570,000
sell
weekly kilowatthour
The
corporation adjusted to
this
Issue—
ment
tory
served
766.930
as
1944, an
in
output of electric energy of subsidiaries of
show general business conditions of terri¬
for the week ended March 22, 1945, amounted to
compared with $252,008,984 for the corresponding
increase of 6,757,946, or 2.68%.—V. 161, p. 1313.
Compo Shoe Machinery
2 Months of—
income
(approximate)—
Corp—Earnings, Etc.—
Chicago
Surface Lines—Hearing Dates
Set—
Michael L. Igoe has set April 2 as the deadline for
objections to the city's purchase and reorganization plan
for the traction lines and set April 9 as a hearing date.
The SEC filed objections March
18 in the U. S. District Court at
Judge
Federal
to
$41,000
city's plans to buy the street car and "El"
:v"'':V 'V: :
r
N
objections filed by the SEC were mostly technical.
One
recommendation, however, asked that first mortgage bondholders be
paid 100 cents on the dollar instead of the 95 cents offered by the
■■■'■■!■'.
two alternative plans given to bondholders.
The
other plan offered by the city calls for payment of 100 cents on the
dollar, but because of certain other features has been rejected by some
city
in
the first of
Gale
G.
attorney for the SEC, which has only advisory
comment on the city's offer of, $75,000,000 for the
$12,162,500 for the "El" system.—V. 161, p; 981.
Roberson,
reserved
surface
lines and
The
Dodge
March
23
Mich.'—Wright Engine Output
Chicago
as
plant shipped its 10,000th Wright
corporation met at the
directors of this
B-29 engine
plant, K. T.
President, announced.
"Production
has
now
of
reached
B-29 engines at the
peak—well ahead of its
Wright
its
Dodge Chicago plant
schedule," Mr. Keller
the Arrny's and Navy's
war
program began, this corporation has shipped among other things
more
than 34,000,000 spare parts for B-29 engines, 5-000 B-29 as¬
semblies consisting of nose sections, leading wing edges and cowling
sets, 23,000 tanks, 12,000 tank engines, 170,000 rockets, 50,000 Bofors
guns, three thousand million rounds of ammunition, 2,000 Radar units,
400,000 Dodge Army trucks, 1C0 miles of submarine nets, 5,500 Sperry
gyro-compasses, 7,800 marine tugs and tractors, 26,000 marine engines,
9,000 Navy pontoons, 4,500 Curtis Helldiver wing sections, 8,000 Vought
Sikorsky
Corsair
landing gears,
10,000,000
duraluminum forgings,
Keller
after
income
Earnings
—V.
161,
per
Co.—Earnings—
1945
1313.
p.
charges and
common
to increase
taxes—;
share
;
$3,857,472
$2.70
•
I
.v
■
1944
$3,622,507
t
$2.53
Consolidated Edison Co. of New York, Inc.—Output—
company on March 28 announced that System output ox elec¬
fUlbthfr.citV generated and purchased) for the week ended
March '25-; 1945, 'amounted to 173,300,000 kwh., compared with 202,400,000 kwh. lor the corresponding week of 1944, a decrease of 14.4%.
Local
distribution of electricity amounted to 169.300,000 kwh., com¬
pared with '200.900,000 kwh. for the corresponding week of list year,
a decrease of 15.8%.—V.
161, p. 1313.
The
!.r
Reaches Peak—
Keller,
President, queried concerning the common
after the first quarter, may decide
annually from 60 cents.—V. 158, p. 1240.
Ended February—
12 Months
Net
,
tricity
power,
on
Bresnahan,
H.
75 cents
Connecticut Light & Power
the
against
Chicago
William
dividend, said directors,
it to
258,week
1944
$31,000
1945
First
Net
stated.
Charleston & Western Carolina Ry.- -Earnings-
Net
out
next,
1944
1943
1942
1945
$19,439,613 $19,006,581 $16,228,972 $10,496,763
8,542,756
8,101,627
4,002,479
8,842,229
2,453,257
4,085,716
2,331,094
income—
2,634,288
February—
Mr.
February—
—V.
RR.—Earnings—
Chicago Burlington & Quincy
Chrysler Corp., Detroit,
6%
1,
May
' r.-i'Y-i/.
'■
.*
981.
p.
Products Corp.—Listing Common Stock
The New York Stock Exchange has authorized the listing of 545*190
shares of common stock (par $1 per share) or any part thereof upon
official notice of issuance thereof in exchange for outstanding shares
of
67<
cumulative prior preference stock, pursuant to arl offer
of
exchange dated- Feb. 5, 1945, made by the company to the holders of
Certain-teed
such
on
146,279
$2,366,229
708,508
railway
^
1942
$620,063
169,901
106,356
'
Columbia Pictures Corp.—Listing of
stockholders.
From Jan. 1—
Gross
Net ry.
3x/2%
Mtge.
-
income,^,
railway
from
Net
Vk'ic
systems.
The /nine
February—
Gross
railway,
oper.
from
Gross
load.-
heavy
under
Impr.
&
f
1943
$991,118
386,632
232,878
1944 .
$1,299,065
512,450
276,761
1945
From Jan. 1—
sinking fund, $134,000 of refunding and improvement
bonds, series D, due May 1, 1996, at 100% of the
principal amount.
Payment will be made at the office of J. P. Morgan
& Co., Incorporated, sinking fund trustee, 23 Wall St., New York, N. Y.
Coupons due May 1, 1945, should be detached and presented in the
usual manner.—V. 161, p. 981.
replies
$61,771
income,——
Net
Pfd.
—V.
Net ry.
the
in
mortgage
cover
50,800
23,100
tax
753,567
:? y.:
$1,153,538
348,710
railway——
from
The
called
been
have
There
moneys
48,683
24,800
income—
Deductions
Fed.
starting
Ref.
of
$242,242
(
operating income
income (net)
Non-oper.
906,357
from
Net
Bonds, Series D—
$733,666
249,252
$382,473
Operating revenues
Total operating exps.
Ne*t
wheels.
imperceptible
and
$134,000
Redeem
Chicago, St. Paul,
1945—2 Mos.—1944
800,614
3,938,735
1,362,131
98l.;^V/Vv;.;v,
Colorado & Southern Ry.—Earnings—
In uniform
built.
yet
acceleration,
To
Central Vermont Public Service Corp.- -Earnings—
Period End. Feb.—
778,310
,
>
February—
Gross
flow of power at all speeds it will
fully match any self-propelled motive power now operating on rails.
The
electrical transmission assures unsurpassed
operating flexibility,
locomotive
Judge Pollard appointed Robert G. Butcher, special
United States Attorney for the Eastern District of
the
to
assistant
income—
351,336
5,744,337
2,750,401
p.
ry.
meeting
v
499,076
458,626
5,980,185
2,263,333
railway_i„'_
oper.
161.
Net
$241,113
of $1,036,427), $1,047,672; de¬
$21,930; goodwill, patent rights, etc., $1; total, $1,755,177.
(after
cost
the
drive
and steam
to generators for the
It will be easily capable of
turbine
$1.21
accounts receivable, less reserve, $245,380;
inventories, $296,490; investment (less reserve), $114,007: life insur¬
ance
(Cash value), $8,200; land, buildings, machinery and equipment
691,662
railway—
from
ry.
V.
$1,975,546
396,469
from
Net
Sheet, Nov. 30, 1944
Balance
Net
Net
Net
amount of United
1943
38,000
1942 '
1943
$2,799,465
1,352,953
1944
5,959,215
2,160,133
income—
oper.
from
Gross
ry.
$21,499;
Assets—Cash.
which
a
engineering personnel is collaborating with Baldwin in completion
details.
The steam turbine and electrical equipment, required
by C&O as integral features, are designed and will be built by West¬
inghouse.
i ■'•■
■ -.
..
In horse power per
self-contained power unit this turbine-electric
locomotive will surpass by two to three times the most powerful Diesel
Net
$404,376
(after divs.)
30
Nov.
ry.
C&O
from
$84,305
almost
total
now
$3,129,920
1,372,256
1,117,118
From Jan. 1—
Gross
more
Net
1944 <
$76,909
$1.05
JSnded Nov. 30-—
profit after taxes
Years
delivered from
than 100 miles an hour under full load, with high
sustained speeds even on grades.
Baldwin already has completed the basic designs and will build the
new
motive
power
in
cooperation
with C&O
mechanical officers.
running
Gross
Net
the heat energy of coal
will convert
power,
motors
electric
and
comparable horsepower, have
multiple units—two or more complete
together.
locomotive
new
fuel
of
types
achieved only in
connected
profits taxes was
Ltd.—Annual Report-
Catelli Food Products,
other
with
Gross
Federal income and excess
$454,146
against which there were deposited a like
States tax notes.—V._ 157, p. 688.
-r.
for
use
_
'.ffr
—
Note—Provision
Net
Equipment—
Makes Application for New Locomotive
railway——
from
A
-
i
•
Net
1945
$2,935,783
railway
from
Gross
'
v -
"
February—
and
rapid
'
(vendors).
payable
Accounts
$0.60
of design
112,164
.
———
goopwill_
(less
Patents
—
—
—
assets
Fixed
Franchise
263,940
_JL
•
—
——
(land/ buildings, machinery, etc., fixtures and
assets
Other
1,109,484
and linished poods—
savings
States
United
r
—
bonds, series F
notes-——l.^;—-—X-———
States
United
563,447
(customers)
materials, process
raw
$0.55
This
—
Inventories
4,479,696
$0.29
in
compared to nearly 20,000 prior to the war,"—V. 161, p. 1312.
Cincinnati New Orleans & Texas Pacific Ry.-—Earns.—
85,272
4,099,633
$0.28
.
into
receivable
♦Accounts
42,252
2,194,571
81,430
2,089,506
.
that,
1941
-
Cash
";"40,390
heretofore been
Needham
Co.,
Carter
(William)
$4,138,703
1,653,455
$2,371,467
on preferred stocks for
1311.
applic.
Divs.
to
tools
increase
an
as
type designed to use in combination the best features
$208,002
Gross
Net
$4,122,650
16,053
$4,099,688
51,358
1,892
2,129,896
employed
are
persons
to
feet of floor space as
of 80%.
Machine
square
up-
income—-
of
Earns,
1,853,667
$324,148
$347,352
5,828
revenues
oper.
Other
& other
March 15, said in part:
by the company today,
increase of 47.5%.
The
with a total of 29,741,5^8
compared to 16,000,000 prior to the war,:
120,000
82,249 during peace-time, an
number of plants has grown from 19 to 24,
6,717,013
2,027,152
5,537,830
4,564,968
4,516,612
2,045,733
5,220,204
4,181,063
profit and loss_
per com. share-
prop.
Bal.
.
retirement re¬
appropriation-
Property
2,728,084
2,236,823
iund
6,715,407
6,886,598
3,294,233
1,009,716
2,704,242
income———
Net
1945—12 Mos.—1944
$1,485,761 $18,115,563 $17,896,439
revenues
2,476,766
1,011,854
railway taxes
oper.
Sink,
1945—Month—1944
Period End. Jan. 31—
L
income——
taxes
Other
Net
than
compared
profits
& exc.
corporation, in an announcement on
"More
$35,144,771
$17,644,349 $33,781,579
,6,988,772
income
inc.
Fed.
The
1945—2 Mos.—1944
1945—Month—1944
Period End. Feb. 28—
Grcss
Co.—Earning
Operating
Operating
•
Record Number of Employees—
Earnings^
Chesapeake & Ohio Ry. Co.—February
which mature serially, at a
and continuing for 12 years.
bonds,
1421
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4373
161>
Volume
also
told
,370,000 bomb shackle
the directors that since
sandl 60,000 Army field ranges.
;
■
:y
...
r
Consolidated Electric & Gas
The
SEC
.
Co.—Withdrawal of Plan
designation
distribution
subsidiary of
of Con¬
a hearing March 30, 1945 to consider the
Electric Co., to withdraw a plan embracing
held
Islands Gas &
capital stock of the Manila Gas Corp., a direct
Islands Gas. to holders of the 6% cumulative preferred stock
solidated Electric as a partial liquidating dividend.
The application for the withdrawal
was filed In view
of
the
r
re
of changing
Gas as a result of the recent recap¬
the United States forces, where the
principal properties of the corporation are located.
...
„
The Commission has set March 30 for a hearing on the joint ppp^cation
of Consolidated Electric and- its sfibsidiary. Mobile Gas5 Service
Corp.
for approval of Mobile's proposal to reclassify its common stock
composed of 5,000 shares (no par), with.an aggregate stated value of
$430,701. into 100,000 shares (no par) common stock with the same
circumstances involving Manila
ture
of the City of Manila by
aggregate stated value, • Consolidated, holder ot
mon
stock, would receive the new common.—V,
all of Mobile s ebm-
161, p. 982. j.-.r •
THE COMMERCIAL & FINANCIAL CHRONICLE
1422
Consolidated
Consolidated Gas Electric Light & Power Co. of Bait.
(& Subs.)—Earnings—
operating
operating
£team
hand
on
344,083
$10,378,970
5,982,360
1,211,105
$9,719,295
1,032,234
6,120,339
1,621,542
1,455,408
7,707,097
$1,563,964
$8,814,593
110,903
$1,464,040
106,512
661,359
641,653
$1,674,867
$1,570,552
$9,475,953
$9,423,342
384,188
397,697
28,184
2,367,433
657,907
$1,262,914
$1,144,671
$6,450,613
$6,285,112
$0.80
$4.43
$4.29
from
2.397,817
27,765
from officers
Due
employee.1 ——.———
subsidiary and affil. ,cos.—
revs,—.—
oper.
Operating Income
Other
Income
Int.
—
income
Gross
-
amort,
&
tnlum
Other
of
Earns,
—.
—1
Income
..
share.
com.
per
32,066,276
$0.90
revenue—
20.429,516
236.983
Total
733.695
Prov.
Due
Income
Federal
$1,335,671
654,502
99,361
——
depletion.——-.———-—-
and
for
other
S;
Earned
taxes
stocks——
—V.
.
contingencies
stock
(pai' S100»
surplus
25,COO,000
6,852
stock
11,162,299
Dr470,852
Dr223,958
$1,101,124
reserve
$527,083
amounts
share———
declared
dividend
May
disbursed
Power
on
of 50 cents
dividend
of
cents
50
provision
depreciation
in
share
per
of
the
on
161,
50,000
Ripley
share
per
85,816,024
The
preferred
for
The
28,013,186
with
8,810,762
7,337,077
1,958,848
1,487,813
8,795,904
16,045,221
$1,185,804
364,906
$1,149,426
taxes—
Int.,
income
deductions-.
etc.;
such
The
and,
if
$820,898
income.———
Divs.
$7,140,413
stock
$7,777,853
285,388
285,388
3,424,818
3,424,818
$535,509
pfd,
on
$759,009
$473,620
$3,715,594
$4,353,035
stock—
by
for
—:
a
the
Container Corp. of America—1943
The
corporation
&
whereby
of7 renegotiation
completion
reported
Renegotiation—
to
on
the
in
$200,000
of
reserves
$200,000
earlier
report.—V.
for
in
The
and
war
income
161, p.
contingencies
post-war
provision
net
Federal
for
for
1943
taxes
and
an
income
on
unchanged
was
be
of the
the
same
first
Sales of
present
months
of
1945
were
containers
metal
risen
were
up
and
listed
arc
plants,
of
to
stock
will
and
par),
heads
as
effect
be
the
authorized
the, initial
the
series
results
lull
for
the
Mr.
year.
Conway
the
will
2,635,508
number
be
indicate
filed
that
of
shares
common
by
the
.outstanding,—-V.
will
letter
about
to
11V2%
Dundee.
Samuel
to
annual
it,
be
may
take several years
p. 1361.
according to
has
be
San Francisco
a
(Calif.)
An
initial
$'3.75
be
dividend
April
1
to
Net
New Preferred Stock—
on
of
holders
of
record
March
28.
The
dividend
covers
.issuance
and
f
Stock
shares
of
Exchange has authorized the listing of 142,858
capital stock
(par $5)
upon
official notice of
distribution
pursuant
to
conversion
15-year 4% convertible debentures, making the
of capital stock applied for 647,858.
$4,009,020
$3,574,918
478,457
1,017,857
1,018,315
income
238,789
782,374
from
Net
ry.
-V.
7,494,352
railway
161,
1,124,739
income-
oper.
983
pp.
8,462,821
2,390,388
548,386
and
1,946,325
by
the
holders
total number
of
shares
of
February—
Gross
Net
Net
y,'4 1945
railway—1
from railway
ry.
•
on
company
structure
n«'W
a
reached
the
test
stem
March
on
16
about ten miles
Tensleep. sand
indicated
equivalent to
announced
at
initial
that
south of
between
potential
the
6,971
flow
Elk
and
of
than 3,500 barrels per day,
more
well
a
completed
Basin Field,
6,994
feet.
barrels
148
it
by
Wyo.,
drill
A
hour,
per
added.—V.
was
it
161,
1093.
p.
1,878,444
Products
j
Consolidated
Income
Account
for
Calendar
Net
sales
1942
$
Cost
1943
$
of sales, gen., etc.,
Deprec.
ord.
taxes
-
97,192,662
amortization
&
)
1,812,404
98,512,131
1,701,614
.
,
1941
$
——'Til,515,267*118,211,366*119,723,665,.
-:V
incl.
exps.,
r
.
85,524,671
,295,827
3,220.
1,936,191
Operating profit
Income
_
subs.
12,510,200
17,997,621
26,355,213
19,786,626
963,350
1,287,084
f-50,479
2,779,383
873,120
from
affiliated
753,834
782,015
1,042,278
14,346,670
20,038,539
28,087,705
23,608,287
&
companies—
income
601,473
11,041.307
12,546,274,
031,649
income
subs.,
Prov.
1,171,405
1, ,649,382
.v——
1.851,106
taxes, etc..
profits
40,412
1,020,000
Co., Inc.—V. 120,
p.
5,413,526
5,222,440
5,315,432
t6,075,000
113,090,950
4,873,154
Net
from
ry.
Gross
Jan.
1—
Net
Net
ry.
Net-
profit
Preferred
i
Earns,
per
•After
8,532,£92
—
dividends
com.
share.
deducting
8,700,687
8,661,323
10.266,027
1.720:124
1,720,134
1,720,134
Net
7,074,748
7,590.000
$2.69
$2.75
$2.74
and
other
sale
deductions
amount¬
ing to $13.898.959 in 1942. $13,566,497 in 1943, and $1.2,287,265 in 1944.
tAfter deducting $1,454,550 in 1942,
$675,000 in 1943, and $35,950 in
1944
post-war refund.
(b)
maint.
(deprec.)
res.,
adj.,
than
income
normal
Federal
excess
Other
prov.
1943
and
tax
$4,865,170
profits
Net
692,576
10,132,751
4,165,139
2,004,192
1,993,378
2,430,027
1.174,525
ry.
a-.
of
three
income,.
accel.
deprec.
for all
taxes
&
of
of
Day
for
common
«fc
each.
from
of
this
19
corporation,
1130
at
formerly
Terminal
consolidated
this
oi
antf
domestic
Tower,
corporation
161.
at
p.
export sales
800
Chanin
1315.
Ry.—Earnings—
1944
1943
1942
$210,970
•1,009,338
$219 862
$197,882
$168,580
*1,007,644
*917,201
*564,280
*1,042,475
'1,011,691
.349,128
368,285
,
-
_
*924,471
121,415
291.64;
*1,983,836
*1,750,332
'1.232,36;
'2,086,436
*2,030,541
1,771,061
*1,371,18(
Ry.—Earnings—.
19444
1943
-
$275,100
$334,600
114,753
1942
-$204,700
71,103
55,844
.
income—
13,411
49,522 %
$183,300
54.253
13,922
15.801
•7
7
?
496,100
588,500
413,C00
365,400
123.165
183.964
121,254
109,09.1
15,974
railway
p.
339,271
P.
1945
68,120
45 478
36,427
income
oper.
:
*2,003.112
railway
984.
■
'
•
12 Mos. End. Dec. 31—
*1944
3,600,000
3,280,000
1T360|000
$10,147,656
$13,502,715
232.952
;
15,097,978
Maintenance
of
to
95,423
$10,380,607
$13,598,138
4,802,868
—
been„elected
(other
Provision
for
Provision
than
for
for
7
income
Federal
2.504,710
—
2.367,151
4.361,554
Federal
State
excess
income
•'
■'
690
taxes)
income
'
$8,779,252
Income
Net
3,720,700
Common
650,000
mm;
'"7s
130,734
$12,880,375 $13,657.50%
3,002,43 5
3.109.056
1—
'—
——
dividends—
$9,877,941
..7—
$107
1,375,000
160,
p.
2401.
V
•
.
.
17
8,396.029
dividends
/♦Preliminary.—r-V,
4,600,(KK)
$12,749,641 $13,
deductions
Preferred
2.704.752
)
profits tax..——2,409.300
taxes
L'.;
income
income
691
2,374,969
taxes
8J
;
4,818,886
$5,577,740
Gross
•Net
Vice-Pres;dent.
He
has
been
Corp.—Earnings—
6 Months Ended Jan. 31—
Net
a
reserve
utility plant acquistion adjustments,,
Duro-Test
:
retirement
1943
$43,615,535
15,415,137
4,389,776
^
Appropriation
.7.—-.7--
62,341,111
3.513,000
operations-
$43,897,765
expenses
Net operating revenue....'
Other income
other
—
utility
revenues
Provision
for
surtax
tax
has
shares
Dresser
is also announced.—V.
income,.
oper.
ry.
Taxes
income—
Walker
follows:
as
,'7
offices
March
companies
City,
railway
from
Operating
Operating
(& Subs.)—Earnings—
Assistant to the General Manager and Superintendent of Central
Heat¬
ing.
each
Duquesne Light Co.—Earnings—
1,701,368
income
Herbert
member
York
15
railway——
-V.-161.
6,010,340
3,480.505
Changes in Personnel, Etc.—
J.
March
railway——. .£
from
Net
546,308
888,259
10,841,470
income
corporate
Interest .charges
the
1—
from
Net
786,749
66.669,875
from
the
$2,872,223
1,970,937
accru,
and
of
which
-
railway—
oper.
Net
3,336,408
for
listing
into
7%
opened
were
February—
1942
1,580,603
taxes..
income
miscell.
share
1945
oper.
Net
1945
1944 r}
from utility operations—lL—-Ic' $83,610,531
$90,803,827
chgs., current appro, to retire.
earnings
&
one
administrative
Pa.,
the
from
Gross
12 Mos. End. Feb.—
Oper.
the
issuance,
Day & Night shares
for
Night
Si
Duluth Winnipeg & Pacific
.
161. P. 1200.
Gross
for
common
From Jan. 1—
$3.37
transportation
ry.
ry.
1,720.166
6.56G.266
Dresser
railwayNet from railway
Net
4,218,000
6,566.266
_
dividends
of
from
1,058,402
991,528
Detroit Edison Co.
for
<
New
from
10,856,764
income— i-
oper.
be
'7;; t.-.:
of
,
railway—
railway—
from
authorized
notice
Duluth Missabe & Iron Range
Net
$5,175,000
income—
oper.
has
follows:
official
to be issued
are
share
for
-2,719,279
1,793,672
from
to
of the various classes
of Day and Night Manufacturing
Co., and 8,510 shares
opening on
Gross
$5,398,725
railway—L.
Ls
Inc.—Listing of Common Stock—
as
February—
Co.—Secondary Offering—Blyth
1944
$772,500
notice
•Deficit—V,; 161.
1945
proceeds
Exchange
50c.)
upon
centralized
Gross
2153.
railway
Gross
Common
Stock
(par
shares
Bradford,
.offices
Denver & Rio Grande Western RR.-Earnings—
from
net
corporation's
Opens New Offices—1
Gross
Balance,
+323,550
tax
York
stock
10.265,375
2,400,000
77.003
$2,478,000
original preferred;
shares of Day
The
Co., Inc., San Francisco, recently sold as a
secondary
distribution 37,276 shares of. common stock
(par $25) at
$17.50 per share.
The shares were owned by Blyth &
Federal
contingencies.
deductions
income
Excess
...
domestic
etc.
for
Miscell,
Fed.
sale
on
Corp., and Lee Higginson Corp.
estimated
Cleveland, Ohio.
576,452
ry. oper. income.;:.*
*153,323
•Deficit.—V. 161, p. 1200.
post-war
Total
Loss
408,341
-
Amort,
,1-2,005,269
514,447
From Jan.
railway
railway
Net
—V.
—
494,268
One
New
63,732,776
t
510.021
common.
<
1942
2,963,483
.
91,432,261
income
H
preferred;
(c<
one
share< of
common for each 5 l/10th shares of
Day & Night 6% preferred;
(d) 1 l/10th shares of Dresser common for each share
of Day Si Night
$5,017,883
1,414,177
1,187,927
From
$
763,563
official
.Night
1,168,067
11, 950,541 +
3 ,789,345
Net
Years
194-1
Other
'
(Including Domestic Subsidiary Sales Companies)
990,677
New
(at
-933,185
:-
1,418,168
from
from
Gross
Refining Co.—Annual Report—
r
898,351
of issuance,
in connection with the acquisition
Rodless Pump Co. of 5,000 shares of the common
stock of Roko
Corp., making the total number of shares of stqck
applied for 1,062,413
1,759,895
1,086,894
658,471
income
oper.
February—
Corn
182,602
1,584,845
932,809
from
6,186,754
316,616
Del Monte Properties
The
300,658
1,810,065
Boston
the
upon
614,089
7,098,978
$6,113,360
&
(Del.)—New Well Completed—
219,887
1,809,428
exchange for the presently outstanding shares
of
Continental Oil Co.
277.020
of capital stock
.
1943
351,51%
for
RR.—Earnings—
1944
$764,29^
>'
$3,067,196
-
589,133
$5,422,533
From Jan. 1—
'Gross
Net
The Manufacturers Trust Co., New York, N.
Y., has been appointed
trustee, paying agent, registrar and conversion agent for the $2,000,000
15-year convertible debentures.
See offering in V. 161, p. 1313.7*
v
from
579,036
presently outstanding 453,000 shares
(par $1)
will be changed and
converted; 69,188 shares upon' official notice of
issuance, in connection
with "the acquisition
of all the assets and property of
Kobe, Inc.;
44,154 shares upon official notice of
issuance, in connection with the
acquisition
of
all
the
assets
and
property
of
Payne
Furnace
&
Supply Co.,
Inc.;
34,566 shares
upon
official notice of
issuance*
•in connection with the issuance
by Dresser of shares of stock ia.
565.
Delaware Lackawanna & Western
'
1942
396,898
de¬
of
railway-
—
1943
$991,611
pi 933.
Building,
Continental-Diamond Fibre Co.—Listing of Additional
New York
Net
1199.
p.
income
Dresser Industries,
1942
$3,581,379
oper.
1944
$840,560
T,911,712
First
The
1093..
1943
railway——
from
RR.—Earnings
1—
oper.
common
the
-Earnings—
1944
*12,454
Dresser
railway-
from
ry.
1945
.
28.517
.
used
From Jan. 1—
.
Capital Stock—
The
from
Qross
/the period from March 19 to April 1.—V. 161,
additional
Net
the
12Va cents a share on the 150,000 shares of
preferred stock recently sold by this company will
cumulative
paid
indicative of probable sales for
not
February—
Gross
128,733
9,901
508,812
4 9/10th
The
26.255
$1,003,580 ■%
railway.
Dresser shares
p.
7,376
*3,910
15-year 3 >'2% sinking fund
1957, and about $1,500,000 will be used
additional manufacturing facilities.—V.
161, p. 1200.
for $900,000
dispatch.—V. 161,
news
Delaware & Hudson RR. Corp.
152,231"
12,178
983
p.
redemption of the
bentures, due July 15,
"
-
:
railway———
161.
Of
f '
Ltd.
161.
the
building,
tq equip the factories
Boxes,
139,268
13,923
*6,003
125
*1,373
1945
oper.
ry.
The
start
Corp.—Acquisition—
acquired the Canadian
145,379
'
_\y
—
railway
shares.
Crown Zellerbach
*6,282
railway—
906,000
possible,to
*1,957
1942
$62,310
10,014
Dewey & Almy Chemical Co.—Registers With SEC-r
t
when
say
income—
1943
$73,054
'
Company has registered with the SEC 25.000 shares of $4.25 cumu¬
preferred stock ($100 par), which will be offered to the public
at
$102.50 by the following underwriters:
Paine, Webber, Jackson &:
Curtis; Hornblower & Weeks; Estabrook & Co.; F. S.
Moseley & Co.;
Chairman, ..announced in a
report, a London' (England)
.
°2
lative
Courtpuld,
,
,,
$67,286
5,423
railway
from
,
Net
(England)—Plans Expansion—
,
1944
——
railway...
income
from
stock¬
of
-Earnings—
l—
irom
ry.
'
1314.
p.
the
be
Ry.
1945
oper.
from
—V.
split
be
154,960
195,497
$68,173
railway——
oper.
Net
present
will
192,500
218,452
Mackinac
&
from
ry.
120.749
161,987
1314.
From Jari.
50,000 shares
has
no
present
The
1942
S176.141
115,561
railway
from
($5 par)
each will be
shares' to be covered by
amendment,
amount
161,
'accompanying^ the
This corporation
warned.-
Initial Dividend
*
*
two months.
same
ry.
Net
the
will
1943
164,055
Income
p.
from
Gross
ahead
68%, while those of paper and fiber
higher for the
161.
from
of
company
railway
oper.
Net
cost
in
stock
common
1944
Detroit Toledo & Ironton
shares-<$5-par). The preferred
the
157,
50%
war
caps were 15%
two months are
crown
both,
458.445
.
February-
meeting
of
stockholders
for
changi in its capital structure,
3,000,000
that
so
_
v:'
' t .r
%
products rose 11% for the two months,
with
a
year
before, and unfilled,war contracts at the
of March amounted to $40,000,000 to $45,000,000, he said.
compared
in
appropriate,
559,067
from
ry.
Gross
existing and new products.
registration is to be sold to
the
registration;
basis
While
berland; and
34%, he said.
company's output of
beginning
Sales
the
559,154
an
of
Courtauld said, but it will
and start them up.—V.
than
more
Co.
Harriman
.
The
reached
of
510,495
cover¬
and
pari,
$5>.
special
($100
of
of
dispatch says.
It
Is impossible
period last year, Carle C. Conway, Chairman of the board
said on March 27 at the annual meeting of stockholders.
containers had
be
42,363:
•Deficit.—V.
company has placed orders) for a 50% increase in the
capacity
its. staple fibre
factory in North Wales, has acquired a new site
Belfast and is negotiating to purchase new sites in West Cum¬
statement
?the
and President,
,
will
decision
a
'65,663
Net
This
of
in¬
,and
from
765.
two
of
near
Continental Can Co., Inc.—Increases Sales—
for
rate
concluded.
V,
1945
From Jarf.
by company in con¬
contemplation for improving
in
proposed
Mr.
Sales
in
preferred
shares
Courtauld's Ltd,
by the Government,
$645,276 was offset by an adjustment of taxes for 1943, while
cash payment was made of $119,249.
A
new
1943
income and expense statement
shows a reduction of
fenegofiation.
company's
been
yet
92,260
Net
proceedings
was recovered
gross of $764,525
a
to
&
($100
(par
remaining 50,000 shares.
of which 658,877 shares are outstanding,
1
will
has
output
a
a
issuance
stock,
4
.
the
the
calling
amount
registration
total
-
this
crease
result
as
49,911
Gross
financing
new
authorized- includes
the
outstanding.
holders
Of
not
72,833
Net
205.
p.
registration statement
facilities
included
act
the
so
by
common
161, p. 982.
for 1943
the
grow,
ry.
public.
is
100,000
in
be
to
plans
on
Balance
and
soundly-maintained
and
Both
have
by
or
1093.
p.
products
shrinkage
will
subject of negotiation between the
and
reasonable
a
negotiation
161,
railway..—
Detroit
present stockholders.
The proposed sale
mark the first time in
Coming's 94-year history
been offered to the general
•
—V.
that
by
February-
certain
has
to
approved,
of
covered
Net
increase
stock
stock
1945
authorized
4,710,757
A,735,669
to
company
3,
represents
which it
manufacturing
and
a
Freres
program
common
April
$11,876,083 $12,488,610
390,416
161,
preferred stock
of shares of common stock
stock
a
underwriters
that
22,386,796
822,090
1944.—V.
cumulative
of common stock will
$5,352,683 $57,495,937 $58,257,706
1,893,353
of
number
expanding
the
566,804
in
has filed with the SEC
shares
Co., Inc. and Lazard
underwriting group.
nection
1945—12 Mos.—1944
2,104,566
amort.—
$35,246,438
&
the
and
2644.
p.
and
1943
undetermined
amount
Gross
the
for sometime
system
people
growth.
cwilian
expect/some
our
86,857
Corning Glass Works—Registers With SEC—
to holders of record April 10.
15, last, while on May 15, 1944,
15
Nov.
1945—Month—1944
expenses
&
such
railway—
oper. income—)
Net
Co.—Earnings—
revenue
Operating
experienced
of
for
we
on
be
8262,912
Dr223,958
deducting reserve
for
depreciation
of
for reduction of nominal inventories to fixed
prices of S3,538,240
and $3,499,712 in
1944.
tAfter reserve for
1943
$0.88
—
extra
an
payable
both
were
Period End. Feb.—
Deprec.
either
demand
While
demand
of
will
demands
28,117
—V.
123,542,025
$1,119,551.
+ Alter
reductions
Gross
with
Gross, from railway—
119.069,423
The company
semi-annual
Consumers
the
condition
; There
$258,212
Net
$776,771
$0.59
in
324.354
initial semi-annual payment of 50 cents was made.—V.
an
"The
peacetime
46.430
10,201,099
J9r470,852
—•
Total
1
have
stock,
common
Like
said:
$240,548
'Net
$1,094,272
57,360
common
usual
board,
international
problems have been
parties
from
Gross
ing
the
W.
from
63.250,000
<4,268 shares)—»
$584,443
161, p, 765.
and
the
From Jan. 1—
25.000,000
63,250,000
———————.———_
treasury
799.014
3,500,000
—
(4,513 shares)-
2,635
income———...
directors
Russell
Vice-President
as
Net
26,311
—
(par $25)—..
Preferred treasury stock
Consolidated Natural Gas Co.—Extra Dividend—
The
succeed
retired
age,
Net
2,071,598
69,341
1,514,647
Gross
15,658,570
2,071,598
—
_
affiliated companies
and
9,420,866
3,328,024
common
Common
386,309
$581,808
deductions—
Earnings per
Secretary to
Denver & Salt Lake Ry.—Earnings
3,730,242
corp.
employees
cumulative preferred stock
Common
2,365,683
income
to subsidiary
7%
$3,846,265
i——
corporate
of
tremendous,
care
confident
are
matters
123,542,025
items.3:947,458
accrued
preferred and
on
officers
to
$33,746,841
Net
take
authority."—V.
1,171,995
is
believe
we
February-
including
payable,
for
Reserve
12 Mos.
'income.—
Gross
labor
We
725,697
anc^
area
to
interested
2,129.550
119,069,423
'After
■
our
well-equipped
are
and
234,581
,802.057
;
——
Accounts
161, p. 982.
income—...—,
.Other
national
in
population,
we
for
employees and prepaid
expenses under insurance pension plan ——%
Post-war refund of fed. excess prolics tax, est.
Balance of abandoned plant account———
elected
retirement
Chairman
Brown,
equipment
unadjust.
740,413
3 Mos.
—
Balapce
expenses and
etc.v
advances
Premium
Corp.—Earnings-
—T
Expenses
and
in
31,601,516
—
M.
the
made
967,390
^Property, plant and equipment———3 1,972,010
$8,781,689
but
8,518,764
728,295
—
Prepaid insurance,
Dividends
Period End. Jan. 31. 1945—
Depreciation
',
1,782,788
—<
—
receivables———.
l1 •,662,140
Due
Consolidated Gas Utilities
Operating
,
foreign
Investments
reached
Mr,
the company's plant, finances and personnel is
good.
problems when our customers convert to supply
101,317
329,104
Liabilities—
provision for excess profits tax necessary. -V.
•No
.
Total
30,889,539
5,582,513
6,851,255
been
pre-
bonds—.—
on
deductions
Net
—.
$54,708,306 $52,104,996
5,767,613
Secretary,
Prentiss
5,637,086
4.164
200,011
■
has
Symes was elected a director last February and
was appointed by the board as tax advisor for the
ensuing year.,
Speaking to the stockholders at their annual meeting on March 20,
15.612.943
1,485,403
■
and
domestic
tlnventories
Total
Operating expenses—
Depreciation & amort.;.
'Taxes Unci, Inc. tax.)
having
and
3, .442,281' *36.082,561
————J—;,
receivable, domestic^——
accounts
Due
399,539
l1 .019,591
-
securities
and
Notes
1,043,076
1,144,640
'Symes who,
://■
S
Marketable
operat.
—
1943
7/
Assets—-
Cash
$7,039,941 $41,361,397 $39,396,001
2,335.271
12,202,268
11,665,918
$7,451,465
2,527,966
revs.
revs
heating
revenues
■
1945—12 Mos.—1944
1945—2 Mos,—1944
Period Ended Feb.—
Electric
Dec.
Dabban
"
:
Gas
Sheet,
Monday, April 2, 1945
H.
James
31
1944
:
v
Balance
sales
Shares
of
1945
—7
profit:
Federal
income
1943
and
excess
$1,106,448
38,974
*34,210
35,637
223.743
243,743
$0.17
capital stock—.—
Earnings per share
•After
1944
$1,095,000
223,743
—..7—
.$0.15
profits taxes.-
160,
$602,296
$0.15
p.
2C70.
«
"i '
/ Eagrle-Picher Lead Co.—Changes Name—
title of this company was
given by stockholders at their annual meeting.
J. M. Bowiby, Presi¬
dent, announced the company would be known as the Eagle-Picher Co.(
—v. 161, P.; 1200.
//
--r..
/.•;•/.■ /. ;/;'/*\"''V/■'
of
change
a
corporate
the
in
Air
has
The
corporation
the
with
basis
In
dends.';
y-,. .;••/;"
:
the
Public
of
13,
securities
made
have
properties
and
Prior
-
to
the
the
sale
sales
several
Accounts
v'
••
the
under
In
the
liabilities
6,307
225,611
4,501
109,318
——
for
surplus—:
surplus
taxes
income
on
of
—
13,958
prior years——
'
2,797
15,185,041
15,161,140
4,792,548
3,480,525
—1
early
investment
investment
1944
Operating
the
1943
I
———
;_v"- 27,729,952
Amortization
a
with
contract
Other
Mayor and City Council of(the City of El Paso, Texas, subject
approval of the voters,1 for the sale of its investment in the El PasoJ
property, but this contract was rejected by the voters in October 1943.
of
and
income
taxes
5,595,577
750,378
adjustments.
profits taxes..—__
acquisition
plant
21,779,279
3,788,586
5,009,994
—————
Depreciation
West
The Key
1943
$72,031,423 $59,570,893
-v_—_i—
Federal
negotiated
company
revenues
Maintenance'
-
in
Statement of Subsidiary Companies
Calendar Years
for
Rouge
Baton
in
' </ ■/■
$62,019,329 $62,697,166
—
(Intercompany items between-subsidiary companies eliminated)
•
Operation
its
sold
company
of
—
Section
V'
fall
—
Comparative Combined Income
company's interest'
its
sold
•
the
•;''v>7r'
•
1,741
220,299
x-
company
—
August/1943
Co.
645,773
——
:
Total
11(e)
recapitaliza¬
which became effective Sept.
proceeding
a
.
Sound Power & Light Co.,
and eventually to final disposition of the
February 1944. f ■••/;,/; V,'./. :
■■
Electric
current
Co.
had transferred its
(Del.), which is still'
7
initiated
company
Bus. Co ..Inc.
In
accrued
1,909,968
—
—
Capital
Utility Holding Company Act leading to the
July ,1943
In
.
payable
1,909,968
-
payments-—'.
Reserve
con-f
or
$39,245,500 $41,801,500
————
-
contract
Taxes
divestment
such
since
company
Puget
1943,
Long-term
therein- in
'
>'
-
tion
stock
stock
Common
company's investment in The Western Public Service
sold.
1943
the
of
to holders of
12
the
was
Liabilities—
,
Preferred
,
issued:
were
1942
its
Of
owned-by Engineers.
March 27 placed its stock on a SI yearly dividend)
of an initial semi-annual
dividend of 50
on
payable June
the
to
case
Other
hearing.
subsidiaries
Wyoming properties to Western Public Service Co.
declaration
share,
per
company's
Earned
and
sale
for
(Md.)
record May 25.
v, H / E. V. Rickenbccker, President, stated the directors have, adopted; a
dividend policy looking to the payment of at least $1 a year in equal
half-yearly instalments.
He said the action was taken because the
board "oesires that the company's stock shall continue to be widely
'■.held by individuals ol moderate means, many of whom might find it
difficult' to coniiniiL indelnitely to hold their investment without divi¬
cento
the
The
for
case
company
tracts
orders
'/■/:; V''- :■■//'
-
the
set
not
.The
Placed on $1 Annual
Inc.—Stock
Lines,
remanded
SEC* and
proceedings.
reviewed
In
Eastern
Dividend Basis—
the
of
further
for
were
1423
FINANCIAL CHRONICLE1
original orders of the SEC which'
by the Court of Appeals required Engineers to divest
itself of ownership and control within one year of all its subsidiaries,
except Virginia Electric & Powm Co., which, if retained, must dispose
of its gas and transportation businesses.
To date the Supreme Court
SEC
Eagle-Richer Lead Co. below.
Approval
orders
certain
Eagle-Picher Co.—New Name—
*
See
COMMERCIAL". &
THE
Numbef|4373
.Volume 161
excess
14,487,838
12,386,636
5,643,483
—
„—
5,211,048
193,810
*
4,723,900
the
Vice-President—.
New
;
■:'./.
;
;
/./; ■■■"./
■
' <
^;
Vice-
Stanley de J. Osborne and-Leslie P. Arnold have been elected
161. p. 766.
'
•'/
t'
„
Presidents.—V.
Associates—Earnings—
Fuel
consolidated
income
■
Depreciation
Interest and debt discountNet
income.;require,
on
—V.
•_!
6%
share of
per
161,
Dec....1,
portation
properties
Ry.
—
as
2,904,941
$3,044,566
■■/; 1,108,729.
$1,935,837
■;
$5.74'.
799,506
710,187
$2,395,093
1,671,428
207,490
245.027
449,555
$1,124,580
$1,140,880
/expenses-—
Taxes
•
Other
$326,997
6,803
7,768
3,843
*
Int.
Net
•-V.
27,709
v
65,705
.
—.
:
55,368
131,332
133,742
V
$145,655
161, p. 878.
Utilities Associates
Eastern
—_——
51,982
35,416
566,805
473,226
taxes)
178,343
176,257
1,753,215
1,854,306
revenues.—
$233,314
$224,160
$2,390,851
$2,371,442
25,994
24,810
306,385
319,237
$259,309
$243,970
$2,697,236
sions
63,260
738,680
inc.
;
(net) ;
JJon-oper. income
■'
■■'
employees
Feb. 28, 1945
Balance
'
accruals
reserve
-I $197,509
$185,710
$1,958,556
amortization.
Miscell.
$1,931,579
36,173
35,170
442,516
507,131
35
18,065
22.293
deductions
__
L
Balance
Preferred
B.
V.
$161,265
dividend
Balance
$149,504
to
interest.,
Utilities
Eastern
77.652
$1,420,323
$1,324,502
20,782
—
minority
19,582
———
$1,399,542
$1,304,920
$1,399,542
$1,304,920
213,004
—_
232,368
Associates—
-Earnings of subsidiaries (.as above)
—2
^Jon-subsidiary income.
-
161.
$1,537,288
,146,869
$1,461,096
—V.
$1,612,546
151,450
Total
Expenses, taxes and interest
$1,390,419
— .
1094.
p.
week
ended March
22,
the
1945,
Electric
Power & Light
&
Power
National
Power
Light
&
inputs
171,969
Co.—_
173,371
Corp.—
86,542
96,111
Light Co.—
100,899
104,392
1,402
9,569
3,493
0.8
10.0
3.3 V
The above figures do not include the system inputs of any companies
oppearing in both periods.—V. 161, p. 1316.
,r
pot
Electric
4
H.
and.
H.
Bond
Share Co.—New
&
Sec,
& Treas.—
Dinkins, Jr., and Lester Ginsburg have**been elected Secretary
respectively,
succeeding
L.
B.
Wiegers,
deceased.
Treasurer,
Mr. Dinkins has been a member of the
staff
of Bond and Share, working on matters having to do with
stockholders relations.
Mr. Ginsburg in 1.942 joined the War Produc¬
tion
Board as Special Assistant to the Director General, Curtis E.
Calder, who is now Chairman of the board of Bond and Share.
For
the last two years he has been making a survey of the development
During
the
of
United
the
air
last
three
States.—V.
express
161,. p. 984.
Engineers Public
the
to
Delaware
primarily
business for domestic
.'V...;
. V-'
air lines in the
/ :•>; ////v//;;•////
Service Co.—Annual Report—C. D.
ing operations for 1944, states in part:
revenues,
merger in. Virginia only from
$72,031,423, an increase of
transportation revenues jvere
substantially the same
in both years because the
revenues gained
from
the Newport News
transportation
properties acquired in the
merger
were
substantially. equal to revenues lost through the sale
of the El Paso transportation and bridge properties in December 1943.
The
transportation
properties
in
Virginia,
which have- been sold,
the
properties
ithe
date,
merger
$12,400,530,
contributed
or
May
21%,
acquired
26.
over
$12,236,950
to
by
1944,
1943.-
the
Utility
certain
were
1944
gross
revenues.
Holding Company Act and
Divestment Orders
and the courts has been
The U. S. Supreme Court
as requested by both the
company
and the SEC, for a review of the decision of the U. S.
Court of Appeals of the District of Columbia, which decision set aside
status
of
proceedings before
the
SEC
reported to stockholders from time to time.
Issued on June 3, 1944 writs of certiorari,
the
of
outcome
possible
with
necessary
develop
to
with
created
trusts
by
Total
Divs.
■
from the
SEC
involving Section llibi(l)
to do so, it is hoped that it will
litigation
desirable
or
under - Section
plan
a
a)) proposed for the liquidating
and
El
meet
will
which
11(e)
Gulf
were
when' the
Co,
deemed
advantages
tax
of
present
or
of
longer
no
value/,^-v
by Merger
Co,
On
Sept
23,
holders
of
,
the
proceeds
which
stock
/:
issued
were
not
to
redeem
in
exchange
exchanged,
31,139
to
pay
who
stockholders
to
sold to the public
old preferred
outstanding $i;000,000
were
of the
shares
an
increase, the working capital of the company.
The
resulting annual savings from these transactions amounted to $114,468,
to
Income Statement
Comparative
(Parent
Other
1943
$4,025,941
'
income
236,870
250.001
taxes
210,000
''
-
*200,000
17,962
14,903
$3,501,336
taxes
,
and
2,175,889
2,256,084
$4,776,464
surplus.—.
-
——1
Internal
Revenue
Code,
$3,339,039
' $1.75
$2.50
,
which
as
$3,574,168
■
'
268
/
■"
Balance
for
dividends
and
banks
Special
Notes
oh
and
hand
$
17,189,068 !
10,285,700
___-
cost——
at
receivable
warrants
less
sources,
and
from
10,060,000
870,683
—_J__9,347
and
customers
4,568,152
refund
Other
of
and
Federal
profits tax
excess
6,538,717
1,299,027
;
1,174,983
563,586
debits
//
i
/___-
Balance
for
per
„/" $3,501,068
surplus/-,
•
2,175,889
v-
common
common
stocks
and
..
.
61
<
$3,574,108
2,256,084
$1,325,180
$1,318,024
$0.69
surplus.^.-
Common
f
p.„—3,08^469,652
Sheet,
Dec.
31
(Parent
Company
Only)
'
■
Assets—
Total
Cash
'
\
investments
Deferred
Total
banks
and
and
on
treasury
—
1943
$55,933,075 $52,309,143
92,000
3,762,239
at
dividends receivable—.—
charges
-
92,000
hand
securities,
1944
;
—
States
Interest
;
(net)._„___—
fund
in
United
'
1
257,111,107
•'
$39,245,500 $41,801,500
stock
1,909,968
Subsidiary companies:Preferred
and
'
-
62,380
'
——
...
companies:
34,609,958
341,663
?J.'
.
payable
due
Accounts
Dividends
11,892,698
169,000
11,000
2,437,386
1,910,000
———
2,226,324
1,793,449
year.—
—
i
'
Ci;
859,776
11,222,781
14,004,964
accrued
advances
deferred
for
of
Injury
Other
of original
plant
Minority
■■
in
cost of util.
2,585,329
516,833
760,259
891,371
i
—
stocks
common
and
;;
644,044
641,459
—
.
.
1,252
"
,
4,394,705
4,350,471
sur¬
——
72 836
•
18,843.979
19.661,146
i
11,157,691
—
surplus
•"
years. —1,683,642
plus of subsidiaries—_Z————js
Capital surplus
L_____.
Earned
■
29,717,430
adjustments
claims——______
for
in
109,720
/■' ';
■.
34,993,706
7,947,076
deprec. in,value of Insubsidiaries——__
interests
'"■
;■
acquisition
reserve
vestments
:
plant
——
co.'s
282,450
f.
income of prior
on
;
=
—
and* damage
Taxes
895,213
construction—_
1—
exc.
313,141
1,644,276
891,208
bonds—
on
847.171
191,785
1.785.946
.
expense
credits.—___;
///■'; ;-'//
Depreciation
Amort,
1,274,174
i.-,
liabilities—
premium less
Reserves:
26,357
—1,374.833
———
______—
current
Amounts in
5,900,000
'
one
deposits
Unamortized
Parent
•
■
—_
year
within
declared
accrued
Interest
.
one
due
payable
Customers'
Other
-
1
81.855,000
■
within
payable,
Taxes
/__
645,774
•
V .■/"•■
.;
104,686.000
-Notes
Notes
.
44,833,400
stock—
preferred
on
Bonds
Bonds,
1,909,§68.
—_
discount
Contract payments
Subsiaiary
;
V'"v
•
stock
Premium
50,917
12,701.843"
'
,■
'
s.
—
Total
308,469,652 257,111.107 '
Has Offer for Northern Kansas and
-The
Missouri Interests
has
advised the SEC that it had. entered into an
agreelhent to sell to J, Leo Scanlon, Buffalo, N. Y.; its entire interest '
in two subsidiaries, the Northern Kansas Power Co. and the Missouri
company
Service Co.,
for $750,000, subject to adjustments.
agreement is an outgrowth of an order issued
The
sion
.
Dec.
on
interests
29, 1941, which
both subsidiaries.
in
gineers will
by
and
Under
Mr.
donate to Missouri
Engineers,
and
directed
of
by the Commis¬
to
dispose
cost
8.090,566
2,200,000
sale is consummated,
capita) stock of Kansas
the
then
will
Kansas
cause
17.201
19,356
25,256
to
be
its
En¬
now.
dis¬
liquidated, ; •
*
\
1
'
of the proposed transactions,
Engineers would) sell to
shares of the common stock (no par) of Missouri;
terms
$635,000 first mortgage income bonds of Missouri, 6%, series A, due
July 1, 1953, and $8,000 of open account indebtedness owed by Kansas
to Engineers,' which is to be assumed by Missouri before consummation
the
'■:%/
salei—V.
161, p.
1316.
■'■./
■
•'
/
.
:
•
February—
Gross
from
from
Net
ry.
1945
railway...__
from
Net
from
Net
ry.
—V.
$2,568,000
$3,390,322
673,479
632,898
,744.524
341,693
271,532
78,353
"4,550
6.146,922
5,602,181
5.295.314
5,070.806
1,870,535
1,380,564
1.335.458
1,706,111
811,094
555,793
208,108
504,993
income
'
railway
/
railway.
oper,
161.
p.
1942
$2,782,584
891,027
From Jan. 1—
Gross
1943
$2,972,608
railway
oper.
1944
,
'
income...
984.
.
■-
2,163,000
12.658
of
the
Before
all
Missouri
*
,
Engineers
Scanlon ;7,5C0
$0.69
^
share
Balance
J'
209,102
iJL■
■
Liabilities—
Preferred 'stock
•
Comparative
L—
-
147,873
l
;
Total
2,530,019
239,814
3,783,413
expense
expense.—
deferred
3,443,859
2,650,178
213,275
supplies—________——.
Prepayments
Capital stock
11,688
misc.
reserves^-——
Unamortized debt discount
Post-war
94,663
894,269
15,242,529
3,073,721
securities,
Accounts 'receivable
-
:
1943
214,748,513
deposits
and
31
265,738,582
_r—__
Treasury
Net
Earnings
ex¬
are
1944
Elgin Joliet & Eastern Ry.—Earnings—
preferred, dividends
emergency
facilities
.
funds
in
S.
of
—-Balance;
Interest
451,833
$5,595,123
$6,952,352
$
U.
solved
1944
,
'_J—«
Expenses
Federal
Co.
:
Cash
•«
revenues
stock
.
owned
Company Only)
$3,979,299
Calendar Years—
Oross
S.
Refinancing
51,145 shares
In addition,
used
were
and
loan
224,145
employed throughout their normal life and not to replace
facilities.
>
% ?■
•
■
■'<
Special
■' -/.,v ;'-,/.-,/?■
/y //". ^
...
States Utilities Co,
shares
accepted this offer.
and
report
Gulf. States Utilities Co. made an exchange offer
preferred stock with suitable cash adjustments to
$6 and $5.50 dividend preferred stock of the com-,
the
68,855
pany,
;
$6,046,957
—478,231
—
Tota'l plant and other investments—.
of
merger,
the
'"'v'
1944,
dividend
$4.40
the
1943
the
in
by
.%:/•
.
Gulf
of
i.
Comparative Consolidated Balance Sheet, Dec.
Other
of the negotiations
the /properties of Virginia
Public
These properties are in close geographic
relationship to those of the 'company's subsidiary, Virginia Electric
and Power Co. (Vepco).
Engineers contracted to increase its invest¬
ment in Vepco by $5,000,000 to facilitate the merger, which was com¬
pleted May 26, 1944.
To furnish the money to refund the debt of
VPS, Vepco sold $23,000,000 of 30-year 3% bonds at a price to It of
102.2999%
and $9,000,000 of 10-vear serial notes 2',4%-2%%The
7%
and 6%. preferred stocks of VPS were exchanged for $5 dividend
stock of Vepco, with suitable cash adjustment, and Vepco's $6 dividend
preferred stock was also exchanged share for share for the new $5
dividend
preferred.' Combined operation of the two properties has
resulted
in economies both in operating expenses and in the use of
advised
were
to the acquisition,
Service Co.
(VPSi.
.
./
interest
common
under
Customers'
of Virginia Publia Service
,Acquisition
.
and
dis¬
States
holding companies over Gulf
Electric
Paso
relationship
such
for
Materials
Divesimcnt
Further
for
present
the mutual service company, located in New York,
would be dissolved.
Engineers, as the parent of Virginia Electric andv
Power Co. alone, would also proceed to liquidate in the same manner
plant.
on
Assets—.
share
per
Stockholders
39,411
$7,430,583
sources—————————
applic. to stocks of Eng. P.
pfd, stock of Eng. P. S. Co
existing
and
companies
leading
70,440
pected to be
The sale is subject, among other
holding companies.
When the preferred stocks of such
holding companis had been entirely retired, the common stock of
their
subsidiaries
would be distributed pro
rata in liquidation, to
their common stockholders.
Upon establishment of such liquidating
Co.
49,999
"■Resulting from the amortization of facilities allowable
liquidating
holding
48,499
included
I
'
taxes
facilities
preferred
of
$5,702,373
——
Earnings per common share.;
its
$100
at
15,598
$7,273,234
69,440
declared
—
Balance
dividends
and retirement of their preferred
and accrued dividends.
The two remaining
would be disposed of by sales when such
sales
could be made on an advantageous basis and the proceeds 'from such
sales would be devoted to the retirement of the preferred stock of the
stock
2,144,610
10,075
—
Balance
Security holders through l^qtiidatin'g holding companies,
the preferred stocks of which "would be distributed to the preferred
stockholders of Engineers and the common stocks of which Would be
distributed to the common stockholders or Engineers;
The net income
of such hquidatihg
holding companies would be used exclusively for
payment
2,277,447
interests—
/
Expenses,
William
approval of the SEC under which Engineers' interest in
Utilities 'Co. and El PasO Electric Co,
(Texas) woula' be
to
104,524.
$7,862,581
above:
dividends
Earnings from other
Donner
the
States
deductions
as
«" Interest
.
>7
■;
contract
a
$3,165,965.
was
Plan
be
1,067,652
(Del.)
The
'
The
signed
company
the company
it
profits
requirements.
applicable-to-Eng. P. S. Co
from subsidiary companies,
Preferred
paid the liquidation
things, to the obtaining of the requisite approvals
the Georgia P. S. Commission.
Special
Public
V
V
as
stock.
the
194.5
make
and excess
$9,560,756
dividend
Earnings
.
the
income
applicable to minority
Balance
•
H. Donner ormembers.of his family, for the sale of all the securities of Savannah
Electric and Power Co. owned by the company, namely, 5,500 shares'
of first preferred or debenture stock series A and
133,146 shares of
common
stock, fof a consideration of $3,387,500 in cash, subject to
certain, adjustments to the date of transfer.
The cost of these secur¬
If
Federal
:
Preferred
consideration
giving
stock of El Paso Electric Co. (Texas),
the owner of 100% of the El Paso
*
'
*
common
Engineers
trustees "under
a'as
in
a.'.
Amount
Estates,
Inc., as the representative of and acting for and on behalf of Inter-,
national
Cancer Research Foundation,
of Union Trust Co. of Pitts¬
burgh/trustee, and of Wilmington Trust Co. and Delaware Trust Co.
4
consisting of interest and dividends on secur¬
ities owned, were $3,979,300 in 1944, compared with $4,025,941 in 1943.
Both expenses and taxes increased slightly.
However, the purchase
of
preferred stock reduced preferred dividends by $80,195, leaving
a
balance for common of $1,325,180 for the year, as compared with
$1,318,024 in 1943.
The per share earnings—on "The-common—stock,
for both years were 69 cents.
—■
>/;/■'•
' ;
'
(■ Combined operating revenues of present subsidiaries in 1944, ineluding
the
to
common
Feb.
In
3,871,203
$7,758,058*
$8,493,104
company
distributed
were
income
( Balance
pay
assets;
$11,629,261'
4,361,397
—
taxes
off its preferred stock and, in connection with the final distribution, Engineers also-assumed liabilities of $46,850,
The remaining
to
Barnes, President, in his letter to stockholders concern¬
i Company's
after
Electric Co.
were
$12,854,501
—
amortization
the properties
$565,000
1944 El Paso
and
"'Reduction
bridge properties in Mexico/
Engineers contributed
$1,000,000 in cash to enable %hat company
transportation and
bank
v.
•
,
—
charge
of
over*
stockholders
years
freight and
60 "or
Net
,
was
net
/■•'..",7
preferred
prospective
System
,
American
Interest
was liquidated
price of $100
per share and accrued dividends.
This company was an intermediate
holding company in
the Engineers system which served no useful
purpose after the
sale, in Dec, '*• 1943, of its subsidiary owning the
the
retaining
Inc.—Weekly Input—
of client
operating companies of Ebasco Services, Inc., which are subsidiaries
of American Power & Light Co., Electric Power & Light Corp. and
National
Power
&
Light
Co.
as
compared with the corresponding
week during 1944 were as follows (thousands of kilowatt-hoursi:
...■
i.
■
■
—DecreaseOperating Subsidiaries of—■
1945
1944
Amount
Pet.
the
For
property
approximately
December 16,
On
y
and
Utilities
Services
Ebasco
the
smaller -properties
Applicable to E. U. A.
1
$1,402,154
77,652
—
_________
—
Applicable
$1,497,975
deductions:
& E. Co
G.
of
surplus
tributed
4
$11,487,634*
40,300
141,627'
$12,814,201
——
Co.
,
70
Int.
in
investment
remaining
Gas
The
Federal, taxes.
to
shall
;Gross income
the
1944.
age
"7
"-ii.'.
■;
■
'
pelire.
and
29,
for
ities to
oper.
revenues—.;
net————
income,
'.Balance
sold.
•
On
the Virginia Company sold its remaining trans¬
portation properties for an aggregate price of $1,292,100, plus certain
adjustments;? The properties will be transferred to the new owners
as
of March 31,
1945.
The'sale will result in a net credit to con¬
759,100
...
(inch
Net
Dec.
$2,690,679
61,800
Maintenance
Taxes
1945—12 Mos.—1944
$988,325 $11,632,277 $11,209,833
552,491
6,921,405
6,510,857
$1,034,877
571,236
revenues
Operation
Subs.)—Earnings—
(&
1945—Month—1944
Period End. FebruaryOpera ting
operating
Other
transferred to the pur¬
to its surplus resulting
from this sale was $1,115,342 and an additional charge to its surplus,
of $246,500- was also made to set' up in a reserve
the estimated net
cost to that company,
after income tax deductions, of providing pen¬
of
(Delaware)
$99,709
$78,877
$46,435
income
49.872
66,623
24,921
funded debt/etc.
on
Depreciation
$334,765
$280,913
$173,209
$137,061
corporate inc.-
Gross
;
-
3,177
income
$2,250,557
1,432,272
491.288
$274,110
$169,366
$133,884
income
Gross
■;
1945—2 Mos.—1944
1945—Month—1944
revenues
oper,
Net
Paso,"'
El
in
Electric and Power Co. sold its trans¬
Richmond
and Norfolk
for $3,228,100,
plus
in
adjustments;
chasers
Railway—Earning?—
Eastern Massachusetts Street
Period End. Feb.—
oper.
properties
1.944k.-Virginia
certain
solidated
Ey.
bridge
and
Natural
Paso
5,152,291
1094*'
p.
On
El
of
4,967,868-
$2,045,487
$5.17
.—
stock
preferred
$16,069,666
stock
common
1944
$3,154,216
1,108,729
———
prior pref. stock—
4V2%
Balance
Earned
;
2,453,043
——
•
Dividend
-
transportation
4,595,526
5,448,925
excess profits taxes—!—.
depletion——————— —
and
*
$15,651,710
———
income and
for
Prov.
the
1943
and
Texas
Juarez, Mexico,* were sold.
.In. March 1944 the
company sold
its
1945
12 Mos. Endeed Jan. 31—
Total
Dec.
In
-
(
,
Gas &
Eastern
to
"Deficit.—V.
At
$62,019,329 $62,697,166
161,
p.
984.
(The) Equity Corp.—New President, Etc.—
the annual
sidiary
meetings of directors of this corporation and its sub¬
investment
companies,
American
General
Corp.
and
Utility
.
THE COMMERCIAL & FINANCIAL CHRONICLE
3424
for
■m
Board;
the
the
David M. Milton was elected Chairman
Huntington, Jr., as President; Albert Pink
Vice-President; R. Sjaerrard Elliot, Jr., Vice-Presi-<
ensuing year.
Col.
Executive
•Milton,
David
Mr,
Col.
companies.
from
dgroup
the
<with
formerly
was
Huntington,
director
a
of
President
of
each
former
and
inception, has recently returned
forces oVerseas.—V. 161, p. 766.
its
armed
March
1948;
the
service
active
from
Redeemable
these
of
officer
if
$109
RR»—Annual
Statement for
Income
Endeed
thereafter
case.
and
and
thereafter,
plus
for
redeemed
redeemed
on
on
prior to March
Put pose—The proceeds from the
together with a cash contribution
to March
or
prior
Genera]
15,
1951;.
15,
qr prior
on
to March 15, 1953; $108
March 15, 1955, and $107
prior to
or
on
or
equal to accrued dividends
fund at $107 per share, plus
Central
Electric
&
Corp.
sale
of
and
of
the
to the extent required,
preferred
new
$310,600
additional
be
to
funds
stock,
received
from
the
from
treasury
redemption of 28,762 shares of 7%
in
stock
($100 par)
a
an
crued
divds.)
(1)
Transfer agent, Bankers Trust Co.;.
& Trust Co.
Bank
Hanover
the
Gas
to be applied as follows:
cumulative preferred
amount
an
sinking
of
equal to accrued dividends.
registrar.
31
Dec.
thereafter and
Redeemable
if
amount
Years
^hare if redeemed
per
thereafter
redeemed
if
Report—
at $111
redeemed
if
$110
each
Erie
15, 1945.
;
A. E. Karn, Vice-President, and W. P. Best, Treas-
Milton
and Associates, 102.039 for a 4.20%
dividend; W. C. Langley & Co. and
Glore, Forgan & Co., 100.80 lor a 4.10% dividend, and Equitable Securi¬
ties Corp. and Shields & Co., 100.65 for a 4.10% dividend.
(no par) at $107 per share and accrued dividends from
C.
E.
ocfcent and Secretary;
Mrer.
March 29 75,000 shares of $4 cumulative preferred stock
15, officers of those corporations were
Equities Corp., held on March
selected
Monday, April,'2,>1945
(2)
series) A, at $110
are
share texcl. of
—
ac¬
...
$3,163,820
—
redemption of 5,940 shares of 7%
i
.
company
stock
($50
at
par)
$52.50
cumulative preferred
share (excl. of accrued
a
'
1944
1
$
?Ry.
Purpose—Net
1942
1943
(a)
'
"
revenues—Merchandise
oper.
Coal
and
Express
7,438,176
889,254
2,292.016
6,077,143
1,838,854
5,284,985
'
—
— —
19,856,732
11,345,392
909,318
2,632,965
—v
-
Miscellaneous
6,299,981
.
<c) To
added
be
J
Total
-
Traffic
corporate
from
rev.
2,737,844
2,601,149
2,356,830
57,894,843
-
-
railway operation.
Other
income
operating
——
income—
the
either
sale
various
24,372,832
1,892,084
986,832
1,000,071
20,794,522
25,372,902
of
which
products/
390,637
———5,978,963
6,125,483
4,085,089
3,295,218
1
563,212
—
—
-
■
9,717,053
2,005,018
2,455,793
of
profit
from
838,641
Int.
200,166
Other
2,083,867
16,520,263
Prov.
Prov.
"Prov.
Grants
9,037,323
$108,500 and $201,000,
7,330,954
♦The
106,814
82,395
i—
102,873
29,852
Assets—Cash
1,574,752
1,606,228
U.
S.
5,365,870
3,376,439
of
Canada
79,091,600
$ 100)
(par
78,420,400
77,058,000
17,334,523
16,702,342
37,966,240
39,558,511
beneficial
39,365,511
.
interest
in
of
aid
and
896,400
909,192
782,012
974,945
bal.
& wages
accounts
(Crl—
payable.
768,730
516,379
2,483,622
357,677
291,707
3,012,286
71,784
2,972,404
Other
current
Deferred
Corporate surplus
by shares
Earnings
of
no
33,502,335
26,495,281
for February
February—
and
"
1945
stated
at
$40
from
Net
ry.
—W.
1942
"
Eureka Vacuum
the
on
stock,
common
10
and
Oct.
are
underwriters
Inc
Bear,
Stearns
A.
Becker
G.
.
$9,076,593
2,687,529
1,311,653
Brown
&
& Co
&
&
Merrill
1,100
Paine,
2,300
Curtis
1,100
L. F.
2,300
Schoellkopf,
Graham,
Ganbery,
Dominick
Parsons &
Marache &
Hallgarten & Co
Pomeroy,
Schwabacher
April
on
14
to
Jan
161,
p.
holders
of
■
dividend
record
April
5, last, and on March 7,
1316.
Operating
revenues
3.
on
A
May 15,
65,730
__
64,253
733,419
8,050
Operation
$1,248,092
Taxes..—
8,337
104,698
Net
oper.
Balance
Drl3
$23,456
6,333
•
6,333
$26,903
—
Dividends
declared
76,000
■
155
—V.
p.
301
^76,000
$133 969
3^027'
$130 942
112,508
105|889
985.
stock
will
1,100
The
stockholders
capital
value.—V.
stock
161,
p.
at
a
from
recent
500,000
Wertheim
of
be
March
on
27,
no
1945,
all
value
par
made
at
the
that
of
at
to
The
New
York
additional
issuance
for
1,000,000
the
shares
author¬
of
$5
par
1201.
ers
headed
Co.—Pfd.
a
group
Stock
of
28
Offered
—
Lehman
underwriters
that
Broth¬
offered
Stock
shares
of
pursuant
3,400
1,500
1,100
1,500
...
its
an
3,400
has
company
outstanding
$4.50
per share
Trust Co.,
16
the
of
Pro
water
Forma
called
for
cumulative
and
Wall
dividends.
St.,
New
propeities.
from
from
Net
ry.
Gross
Jan.
from
ry.
listing of
official
total
income
of
applied
1944
1943
1942
$3,124,674
$1,466,958
1,680,734
1,140,814
1,804,161
622,147
1,052,286
6,308,958
5.629,247
2,800,441
2,768,924
1,509,822
3,220,651
2,961,912
939,260
2,057,807
1,723,890
1201.
Power
was
677,351
1943
1942
$7,666,560
3,930,627
3,189.668
Preferred
—
Stock
26
Offered
—
of the
offering
40,000 shares cumulative preferred stock, 4% Series
(par $100) at 101.25 per share and dividend. Further de¬
170.986
Awarded—The issue
received
four
other
Inc.,
was
bids
follows:
for
a
on
a
bid
Blyth
4.30%
&
of
100.177.
Co.,
dividend;
909,808
:.
951,265
599,700
;
472,600
115,310
617.435
60,300
19,600
12,162
11,160
12,756
637,215
597,259
568,430
$1,925,197
$1,739,096
113,974
95,731
16,824
$2,193,859
$2,020,928
$1,755,920
950,996
917,640
1,103,288
902,504
1,242,863
160/000
160,000
160,000
$943,288
$693,416
!
income
income
deductions...
:■
___________
dividend
preferred
853,416
requirements «^>n
stock to be
outstanding
Balance
$1,082,863
7
.
Underwriters—The
preferred
stock,
the
^
of
names
and
~
the
number
Inc.,
First
The
and
underwriters
underwritten
''
&
of
by
the
Co...
■
Shares
3,625
Stroud
&
Company
Bacon, Whipple & Co.^_—
Johnson, Lane, Space and
3,625
Inc
3,250
Hornblower & Weeks
new
each,-are
.•/,
Shares
c-
-
3,250
2,000
1,250
F.
S.
Moseley & Co.______
3,250
Co., Inc.
Cohu
&
Torrey..!^—L
L.
F.
Rothschild & Co.
3,250
Courts & Co.____
1,000
3,250
R. S. Dickson &
1,000
3,000
Clement
Spencer Trask & Co....
Brown
&
&
Sons
Co.3.000
Marks & Co..
M.
A.
1,250
.•
1,000
Co., Inc...
Evans
Inc.
__
&
Co.,
1,000
—
" 2,000
Calls 7% Prefererd Shares for Payment—
The
its
corporation has called
outstanding
dividends
7%
the
all
at
$110
Holders
25,
of
either
the full
of
of
Chemical
Broadway, New York,
payment
for
redemption
cumulative, preferred
and
stock
at
1945.
of
N.
City
Net
from
Net
ry.
oper,
Y.
the
two
issues
called
redemption price,
■•;'■'■
Trust
plus
from
from
Net
rv.
railway
railway
oper.
161,
income
p.
at any time,
secure
to
April
■;;///
:: v
Co.
may,
accrued dividends
.
has
been
appointed registrar for
series.—V. 16.1, p. 1316.
Ry.—Earnings—
1944
1943
1942
$1,214,929
$1,281,082
$1,025,113
$672,222
348,650
542,240
497,839
258 482
166.021
276,271
255,447
192,532
2,406.181
2,523,152
2,006,687
1,345 243
1—1
Jan.
Net
—V.
railway
railway
of
share
outstanding series A 7%
cumulative
share and dividends.
Payment will be
&
Trust
Co., redemption agent, 165
1945
from
all
the
per
Bank Farmers
-^February—
Gross
i:'7
April 25, next,
at $52.50 per
Bank
Registrar Appointed—
The
on
stock
40,600 shares of cumulative preferred stock, 4%
company
Corp.
several
shares
of
-
'.Via.-, ■". .■;,
.■
Kidder, Peubodly
Harriman
Boston
\' vf.«•"
\
follows:
as
Gross
awarded
as
101.53
223,615
592,742
...
income
From
given below.
Ripley & Co.,
'W,
906,039
;
Fort Worth & Denver City
Corp.
made in issue of March
of
are
profits
484,656
...
:
$8,809,708
income
income
and
$3,232,952
income
V1
:
4.352,985
income
excess
made
$3,089,835
1,493,398
736,513
railway
Earnings
$2,079,885
State
62,800
notice
amount
6,091,294
•
railway
oper.
—V. 161, p.
on
1—
from
Net
the
the
1945
railway.,—
railway—
oper.
par)
.*
'■
Consolidated
taxes:
for
Federal
Laurence
Ry.—Earnings
February—
Gross
(no
to
670,200
depreciation
preferred
Florida East Coast
Net
stock
offering, making
161, p. 1201.
located
leased
are
1S44
White, Weld & Co
Harris. Hal1 & Co„
$105.50
Bankers
which
672,894
for
Provisions
1,100
Co
Exchange has authorized
common
to
1,014,408 shares.—V.
tails
Flintkote
the
plants
the
$9,562,666
—3,400'
White, Weld & Co.....
28
of
by
1,100
Co..
&
all
SEC to divest itself
properties and negotiations are under way
water
sale
manufacturing
ordered
...
Alex.
Mention
meeting voted to increase
shares
&
Listing of Additional Common Stock—
Florida
Fidelity Fund, Inc.—Stock Increased—
ized
Co.___„__
Smith, Barney /is Co.__—
Stroud & Co., Inc
Swiss American Corp.
April
on
Payment
Net
$148,228
.
the
ice
Waycross,
oeen
Calendar Years—
1,100
1,500
announced
was
From
2,459
$16,821
^
and
and
Operating expenses
Electricity purchased for resale....
Total
________
&
1,500
Co
3,400
preferred
(15,515
$150,688
—
Inc.
Co....
&
&
Co,
redemption
453
$226,688 .tqjt$209,969
.
$17,123
■
Net income
99,275
bn'.$194
19,659^!
$26,748
Interest charges
718 568
+
202,94-f^3* 182,717"
$33,236
—
$1,195,015
$207,029
2,223
accruals
Gross income
161,
$23,469
(net)
—
reserve
20,430
$31,013
revenues—
Non-oper. income
Retire,
27,632
—
ice
three
owns
has
Corporation (merged Company.) and Georgia Power and Light Co.
Annual
Weeks.—_
&
Kidder
M.
It
1945—12 Mos —1344
$116,490
Georgia
toward
Hallgarten
$132,427
Maintenance
looking
Net
/To Redeem $4.50 Preferred Stock—
Co.—Earnings—
1945—Month—1944
—
of
Gross
M. Simon & Co..:
York, N.
Eall River Gas Works
SPeriodiEnd. February—
Georgia also
Bainbridge, Valdosta
1,100
I.
Noyes
Hornblower
&
Cleaner Co.—12Vz<t Dividend—
made
customers.
in
6,900
Shields
Ladenburg, Thalmann
1944.—V.
wholly-owned subsidiary. Georgia, was incorp. in Georgia, May 21,
a public utility
operating wholly within the State of Georgia
is engaged
principally in the business of generating, purchasing,
transmitting, distributing and selling electric energy.
It also operates
small water pumping stations and distributes water in the
communi¬
ties of Barwick, Climax, Donalsonville and Pavo to
approximately 600
and
of
&
1,500
2,773,800
-cent
Georgia
1927. It is
&
6,900
3,082,426
12
price of $1,210,000.
The proceeds from the sale of the gas
except for minor adjustments, will be deposited with the
the mortgage securing the 1974 Series bonds.
Power and Light Co., an affiliated
company,
to become
under
a
Other
Jackson
Hutton
2,300
Lord
2,669,712
a
base
a
1,500
Rothschild & Co,..
2,300
Co.__
A.
pay
at
for
3,400
_______
Sons
&
5,601,009
to
land.
sale
Other
Webber,
Co.,.
Shares
Beane..!
&
Merle-Smith
Dominick
18,602,901
voted
number
Lynch, Pierce,
Fenner
1,100
.___
Co., Inc...
8,678,307
23
the
Gas
company,
companies merged
its gas
'
Laurence M. Marks & Co..
1,100
Co.____
23,113,767
1,718,525
and
follows:
as
15,000
& Co.,
Ba^en/ Whipple &
8,153,624
March
was
9,
the
of
each
Shares
26,174,420
payable
similar distribution
July
C. A'fyn
A.
'■•■
directors
by
.
Dick
1943
names
underwritten
4,766,653
161, p. 985.
The
shares
Sanford
subsidiary
the
date
the
Federal
23.201,733
income—
oper.
total,
and
a
of
of Jan. 20, 1S45, the
company entered into a contract(subject to approvals of certain regulatory bodies) of all
properties and business together with the office building located
Orlando, Fla., to Florida Utilities Corp., a non-alfiliated company,
for
Provision
Hemphill,
railway..—
railway
$432,614;
assets
Maintenance
:
From Jan. 1—
from
charges,
The
company.
etc.,
Lehman (Brothers
Date
railway— $11,340,515 $13,269,953 $11,431,800
Net from railway
2,361,152
4,402,974
4,252,737
Ndt ry. oper. income...
913,881
1,435,253
1,447,121
Gross
deferred
the
Summary of
Underwriters—The
':
share.—
per
from
Net
and
expenses
corporations and municipalities and con¬
connecting these distribution systems, and
to adjacent areas, thereby
extending
along the Gulf coast of Florida and from
service
operations
into
its
Alex.
Year to
1944
receivable
of
lines
electric
company included two steam generating stations, located at
Springs and Avon Park, respectively, an interconnected electric
all
prepaid
(in
system
located in central Florida,
gas
manufacturing
plants and distribution systems in Orlando and Sanford, gas distribu¬
tion systems In Winter Park, Lake
Maitland, Orange City and Deland,
six ice manufacturing
plants, a water system in Winter Garden and
Dr$124,383; total, $30,406,521.
73,544,308
value
par
accounts
accounts
$7,781,005), $9,042,256; patents, royalty contracts,
goodwill, $1; post-war .refund of excess profits tax,
and
Corp.
transmission
<
banks, $3,232,301;
$9,866,346; Dominion
and
and
Power
the
into
Benson
trustee
^
preferred stock (36,817 shares, no
par), $3,589,657; common
(951,608 shares, no pai), $10,588,537; earned
surplus, $6,518,870;
cost of 1,180 shares of $4.50
cumulative preferred stock to be retired,
496,901,924 495,558,367 476,837,480
.
merged
of
rights
4,362,063
82,027,706
37,795,719
—
"Represented
Gross
3,921,073
_____—
Total
notes
notes
Florida
to
the Georgia state line.
1944, Florida Public Service Co.
corporations, and Sante Fe Land Co.,
stock
809,136
—
credits.—
$90,090;
doubtful
of
name
Petersburg
its
Cp.
15,487,202
4,670,682
4,035,852
771,051
—
1—
liabilities—
Unadjusted
were
in
cost,
present
14,
lative
81,570
24,153,870
89,632,692
liabilities—
cost,
deposits
amortized
1944
$445,670; royalty participations and accruals, $55,936;
reserve
for
self-insurance,
product
guarantees
and
contingencies,
$431,863; 3% debentures, due May
15, 1958, $3,000,000; $4.50 cumu¬
6,165,893
2,142,346
—
at
for
demand
at
capital
Florida
Jan.
Atlantic
deposits,
1,001,024
7,436,509
unpajd—
securities,
allowance
$554,592;
31,335
payable..851,367
unpaid.!
matured
company's
On
;
Liabilities—Accounts payable, $1,709,794; accrued items:
payrolls and
commissions, $269,005: accrued taxes (less U. S. Treasury tax notes
aggregating $843,446), $3,921,572; provisions for allowances, container
392,596
Unmatured interest accrued
2,904,284
Unmatured rents accrued—71,424
Accrued tax liability
20,035,934
matured
Dividends
and
securities,
31,
1,413,773V,
477,023
7,759,701
hand
on
Government
Sheet, Dec,
the
individuals,
the
properties,
Balance
to
transmission
$30,406,521.
2,092,236
Interest
are
$272,800,
1,141,687
194,329,395 205,383,515
953,033
certain
extended
other
2,930,000
.
.
191,148,575
Audited accounts
Miscellaneous
1,567,600
construction
car-service
from
St.
has
tion and depletion of
:f
.
808,515
5$———
series A,
1942
$265,240),
$3,108,812; Inventories, $3,766,763; due from employees, mostly travel
advances,/$13,809; accounts receivable, miscellaneous, $156,028; cash
sinking fund for redemption of 3% debentures, $102,000; investment
in
subsidiary, not consolidated, $19,630: other security investments,
$21,279; property, plant and equipment (after allowance for deprecia¬
496,901,924 495,558,3.67 476,837,480
interest
1944, 1943 and
profits taxes of
respectively.
Consolidated
1,622,469
———
years
excess
present |
to
v.
'
serving Clearwater
unimproved
58,495
$1,250,276
6,481,193
60,959
58,495
.$1,477,394
income
finally
the
Under
5,945,183
118,739
Long-term debt
Traffic
$1,737,661
9,824,082
($40 per share)
Preferred,
$1,518,154
contingencies
renegotiation..
7,452,647
beneficial
of
1,761,083
4,663,090
liability for conversion:
Certificates
2,516,164
provisions for taxes for the
after deducting post-war refunds of
for
for
Net
/.',/■
17,435,200
'Common
1,680,643
91,505
X-V,
4,481,370.
3,828,547
••••••
7,742,850
"Common
Stock
3,223,780
41,505
35,379
and
2,653,865
stock:
stock
491,058
2,864,885
Liabilities—
Preferred
$17625,181
61~6~698
2,580,599
-
of
$4,651,016
55,000
taxes—
credited
be
•
the
of
excess
will
■ •
the Inglis steam
affiliated
2?'282
722,430
profits
of
1924,
central
90,000
$3,858,349
value
par
shares (no par) common
shares having a par
the
On Dec. 18,
1943, company was reincorporated.
From 1899
the operations were confined to St. Petersburg and the immedi¬
adjacent area.
In 1922 the properties of Clearwater Lighting
structed
•
758,751
income
for
excess
(after
"Certificates
219,208
-
£57,143
event
and environs, were acquired.
Construc¬
steam generating station was completed
generating station in 1926 and the Jackson's
Bluff hydro electric-generating station in 1929.
From time to time
the company has acquired distribution
systems in various communities
tion
12,027,398
assets
—
287,825
$5,649,925
proposed
the
over
into
which
•/..
then
Co.,
4,366,072
debt.....
—
share, Jn
per
•
and
1927).
$3,749,899
20,507,868
receivable..
assets
Total
4,581,494
$4,431,808
4,109,687
Unadjusted debits—
Common
4,418,871
$3,570,524
18,215,145
,
dividends
current
Deferred
4,678,955
deducts..
funded
income
40,000 shs
*3,000,000 shs
Electric
&
reclassified
be
company
value
1923)
; •
266,435
income
on
3,750,000
60,000 shs
3,000,000 shs
History and Business—Company was incorporated in Florida, July
18, 1899, under the name of St. Petersburg Electric Light and Power
Co.
By subsequent amendments the name was changed to St. Peters¬
burg Lighting Co. (in 1915) then to Pinellas County Power Co. (in
$7,657,288
$5,283,490
24,732,961
receivable..
supplies
and
Interest
Other
and
exps
1,626,870
and
—1
conductors
stated
$8,115,9,71
income
Total
—————
900,861
agents
Miscellaneous accounts
Material
$9,013,302
profit
$100)
—
Gas
General
$7.50
surplus.
458,683
$7,989,395
15,404,060
—
investments—
recelv,
409,372
2,077,931
17,471,171
4,112,505
deposits.—.————
bal.
Other
306,726
15,725,361
—
cash
gen.
$8,603,930
*;
of
ately
415,878
ad-
the
of
value
1941
15,514
2,512,998
companies
1942
$7,573,517
22,231,985
investments..
Temporary
Net
3,493
906,702
affiliated
Cash
&
Gross
$
$
402,743,276 397,866,377 395,558,162
physical property
1943
$10,062,445
licensing,
(par
par)
to 1922
382,158
(net)
income
Total
min.
■
—187,941
■Special reserve funds—
-V
1,436,389
Deposits in lieu of mtge. prop, sold
34,473
in
stock
Years
$9,680,287
Royalties received
by
stock
$4,000,000
it is proposed that the outstanding 3,000,000
and
$37,280,966 $30,998,160 $31,906,952 $27,151,169
27,600,679
23,424,643
23,303,022
19,493,881
sales
(no
Outstanding
$16,500,000
Unlimited
(1P44-1957).—
Corp.
In connection with the
plan of divestment of assets, simplification of corporate structure and
equitable distribution of voting power of General Gas & Electric Corp.
1942
1943
■
-
Maintenance funds——
Calendar
for
preferred
stock
*Owned
of
account
series due 1974—
debentures
Cumulative
in
14.339.524
1,959,214
2,445,801
1944
$
Miscellaneous
the
roofing
3944
sales
Net
Dec. 31
Assets—
transportation prop..
for
or
bonds, 3%%
serial
Common
563,212
;/
7,660,157
2,017,026
2,455,793
-
——
Authorized
3V4%
in
petroleum products,
and. allied products.
Company also
through a wholly-owned subsidiary from the granting
under patents owned or controlled by such
subsidiary or
such subsidiary has an interest.
;;
Earnings
Cost
.563,212
_.
Balance Sheet,
Investments
shares
income
Selling,
Special
account
own
asbestos-cement
and
6,784,311
charges-——-—
3,691,788
to sinking fund and.
Sinking fund
additional
licenses
in
its
for
asphalt
24,982,265
Investment in
62,800
others, of
siding products,
structural and decorative insulating board products,
asphalt emulsions,
chip boards and box boards, solid and corrugated containers, set-up
and folding boxes, dry and saturated felts, rubber
compounds, timber
303,684
dividends
issued
company
75,600
105,000
Capitalization Adjusted to Reflect Proposed Financing
1st mtge.
History 1 and
Gross
Other
1945,
1,400,000
———
75,000 shs.
29,205,631
20,490.838
dividends..
Common
24,
Power and Light Co. and
certain of its securities as pr©-
Light Co., to be surrendered for cancellation...^.
payment of estimated expenses in connection with
proposed financing..
to
the
"951,608 shs.
for
18,216,416
funds
(5)
Outstanding
100,000 shs.
2,500,000 shs
26,719,487
322,295
of income
Balance
general
Present Financing
has
pany
Income applied
Preferred
to
Business—Company, eitner directly or through sub¬
sidiaries, Is engaged in the manufacture or production and sale, and in
17,894,121
reserve
Effect
19,505,471
income.—
■Fixed charges
other
Give
48,711,103
for fixed charges—
avail,
Contingent
to
Georgia
and
954,046
Adjusted
to
to
(4)
3,105,000
53,765,451
——
-
from
deductions
Income
for
311,850
donated
be
vided in the plan of recapitalization
payment to General Gas & Electric Corp. for 4,200
shares of $6 (no par) preferred stock of Georgia Power
$3,759,704
27,045,964
19,807,691
to
used for redemption of
all the outstanding capital stock of Tile-Tex Co.
Com¬
entered into a contract dated Feb. 1, 1945, to purchase a
plant near Morristown, N, J.,
from Ra.vbestos-Manhattan, Inc., in
exchange for 19,513 shares of common stock.
exchange
414,039
3,615,147
16,324,332
-divds.)
-
(3)
.
purposes
.—
March
"On
44,064,320
808,451
4,033,829
used
Authorized
receives
Miscell.
used
23,583,362
—
income———
Total
and
cumulative preferred stock (no par)
stock (no par).——i
$4
(net)
Dr7,637.619 077,142,871 0r5,078.405
Joint facility rents (net)——-—Cr428,590
Cr231,075
Cr245,605
railway
capital
Common
rents
Net
follows:
as
or
24,015,419
income--
operating
Railway
applied
47,598,781
(Railway tax accruals..
Equipment
54,173,426
1,051,874
4,377,417
operations
expenses
be
■
12,514.817
21,677,317
—
-
-
Miscellaneous
will
133,353,572
15,369,513
27,141,405
—"
—
-
Transportation
Net
157,893,223
16,307,394
26,752,747
equipment-—.-—
-
General
156,720,899
-
and structures.-.---
of
Maintenance
working
to
Capitalization
Maint. of way
($7,818,750)
35,637 shares of $4.50 cumulative preferred
stock at $105.50 per share, exclusive of accrued divs.
(b) Redemption of $3,000,000 15-year 3% debentures, due
May 15, 1958, at 103 Vz exclusive of accrued interest
98,045,571
19,957,206
13,635,138
904,666
;
proceeds
Reimbursement of company lor funds set aside
to redeem
19,690,632
—
^
Mail
S'
113,557,517 117,312,149
coke
Passenger
$
income
985.-
597.675.
282,136
1,077,631
932.354
480>05
545,776
467,202
340,593
v
Volume
Number 4373
161
THE COMMERCIAL & FINANCIAL CHRONICLE
•
record
elected
Lehman Brothers, has been
member of the board of directors.—V.-161, p. 7o7.
a
Hancock,
M.
partner of
a
by labor shortages and urgent need for full production.
Selling prices
the company at such a rate as to establish an all-time
of our products could not be changed to compensate for the higher
in 1944,
Charles E. Wilson, President, states in the
unit manufacturing costs,
fifty-third annual report.
*
'
Mr.
Wilson emphasized
Renegotiation * .
that the company's principal objective of i 7
turning out a'record quantity of goods and services for war opera¬
We completed renegotiation of our business with the U. S. Govern¬
tions had
been
achieved
for the fourth successive year, despite the
ment departments for the year 1943,
The settlement with the Price
fact
that
the
record
was
achieved
with
approximately 2%
fewer
Adjustment Board of the War Department called for the refund of
employees,
on
the
average,
than were available to
the company
$360,383.
This amount was included in income for 1943 and taxes
last year.
'
'
paid thereon.
After credit for these taxes, the net refund to the
The orders received by the company, during 1944, an overwhelming,
Government was $68,473.
This has been charged to our reserve for
part of which were tor war products, totaled $1,G09,600,000.
This was
contingencies.
In respect to 1944 business with the Government, we
18%
greater than in
the previous year,
when the orders totaled «' believe any net amount refundable will not be material in relation to'
produced
Shoe Co.—New Director—
Florsheim
John
'
r
1425
-
by
volume
company's
.
»•
.
-
.
,
Co.—Earnings—
Froedtert Grain & Malting
Gross
1
profit
$12,645,702
9,969,915
_
_
$1,193,791
464,214
$2,136,842
$729,577
5,374
5,123
$2,142,216
._
„
$7,430,641
6,236,850
$2,675,787
538,945
—-—————
sold
malt
of
COut
$734,700
99,593
of malt.
Net sales
,
1944
31—1945
6 Mos. Endeed Jan.
86,687
„_.
Selling and administrative expenses——-_____
profit
income
Other
——
—
—
_
income
Gross
_
Income charges
Federal
excess
_
normal
Federal
income
taxes
40,735
328;000
$460,623
$283,252
I
—-
277,412
.J
37,174
256,072
$1.08
Earnings per share on capital stock..
—V.
161,
the
a
the highest
occupied
countries, and
war,
increase ojl L%
an
in countries previously occupied
carried at no value.
were
Income
E.
Goodrich
R.
161,
John
and
profit
Earnings
1943
1942
f$341,413
$501,544
$681,046
114,532
110,428
shares—_.—
common
$3.52
$2.13
share—
per
{Income
arising
Stocks—
mon
The
under
from
1,288,431,590
1,092,260,168
Total
income
Prov.
for
Fed.
Prov.
for
26,044,241
\
170,127,181
11,447,208
'
17,123,117
(net)—
Prov.
for
181,574.389
195,469,039
inc.
&
profits
excess
150,000,000
(par $20), entitled to cumulative
annum; and 113,608 additional shares
official notice of issuance in exchange
for 40-year 6% income notes due 1972 of the company in accordance
with the
plan of recapitalizatioh, dated Feb. 16, 1945, making the
total
amount
applied
for
300,000 shares of preferred stock and
1,247,430 shares of comon stock, See also V. 161, pp. 1094, 985.
preferred stock
shares of
additional
rate of 6%
dividends at the
stock
of common
$li
(par
Net
income
Surplus
,.
Crl2,258,694
5,323.543
7,123,320
Operating
addition,
surplus
Revaluation
Uted
the
$776,090 :
1945—12 Mos-.—1944
Fed.
;
173,770
328,133
143,018
302,757
2,015,950
3,889,650
1,437,948
3,597,346
74,479
13,725
68,964
-13,700
853,658
163,865
92,100
99,800
1,334,407
827,968
245,641
1,547,606
55,632
—
53,348
658,837
647,415
:
normal & surtax—
Fed. excess
$9,001,190
$9,424,525
$716,177
:-4
expenses.—
taxes
155,809,334
prof, tax
Depreciation
$38,250
$34,587
$508*154
2,164
Operating income
of
investments
for
1,363
Dividends
on
Surplus
end
,
of
provision
tlncludes
the
_—
lor
results
the
of
amortized
The
arising
cost
Dividends declared on common*
—V.
161,
approximately
stock—
Continuance
reduced
the
1944
income
of
Number
Earnings
—V.
&
charges
after
share
common
1944
$572,510
119,304
1945
$339,833
359,912
$0.95
taxes—_________
shares
common
per
*
.
,
x.
$4.79
161, p. 109.
claims
settled
during
pripr method of valua¬
other
from
income
sources
by
^
the
Co., Inc.—Listing of $4.50
Cumulative Preferred and Common
The
New
of
shares
$4.50
of
fication
York Stock Exchange
its
Stock—
has authorized
the listing of 62,000
cumulative preferred stock (par $100), upon reclassi¬
$6 cumulative preferred stock (no par), stated value
1,800,220 shares of common stock (par.$l), upon
stock (no par), stated value
$1 per share.
Of the foregoing 1,800,220 shares, 1,479,840 shares are
outstanding and 320,380 shares are reserved for issuance upon exercise
$50
1944
n943
$
61,627,116
:___
securities'
less reserves:
*
94,520,693
Customers
Affiliated
companies
!
——
1
less
reserves
_
on
112,341,177
11,209,047
5,926,501
warrants.—V.
161, p.
1317.
General Aniline & Film
Interest in Winthrop
Chemical Co.—
March 20 announced that on April 23, 1945, at
10:30 a.m.
6,150 shares of the class B common stock of Winthrop
Chemical Co., a Delaware corporation, will be offered at public auc¬
tion, without any representation or- warranty, at the auction block of
Adrian H. Muller & Son, 75 Montgomery St., Jersey City, N. J., for
the account of General Aniline & Film Corp. as seller.
The sale of
this stock has been authorized by James E. Markham, Alien Property
The
corporation
on
Custodian.
holds
Winthrop
manufacture
the
itself engage
all
and
of the stock of certain
sale of pharmaceutical
in such manufacture or sale.
subsidiaries engaged in
but does not
'
The 6,150 shares of class B common stock being offered
and 6,150 shares of class A
common stock now owned by
contracts
(Cr)—
Sterling
accepted,
of
the
(a)
to place one-half of the outstanding and issueed
of Winthrop in a voting trust, with the
subsidiaries
Property Custodian as trustee; and (b) to join in an
the
U.
S.
District Court for
the Southern District
to amend a decree in civil action No.
15-363 entitled
shares
Alien
application to
of New York
United States
of America v. Alba Pharmaceutical Co., Inc. et al., by adding thereto
a
provision against the transfer of control of Winthrop or any
interest therein, to I. G. Farben or other foreign interests.
150,000,000
is
bid
stated
for
that
the
three
98%
—,——
—
Total .'
cludes
*
—
♦Adjusted
•
To care for an expansion of its activities in
the Middle West, the
Ansco division of the corporation has purchased a building in Chicago
for the processingg of 16-mm. colored
and black and white motion
picture film, George W. Burpee, President, recently announced.—V. 161,
P. 985.
•
General Electric Co.—Annual
War
equipment
tionary
products
central
gunnery
Report—
combat apparatus, featured by such revolu¬
G-E jet propulsion aircraft engine ana the
control system for the B-29 Superfortresses, werfe
and
as
the
material
April* 1,
plant is
Aberjona
Inc.
It produces cattle and
the by-products of our other
of
the
year,
from
arrangements had been made to reacquire
the Government.
The returned vessels
should
be
a,
new
modern
facilities
i
Birds
Eye-Snider
1
was
City, Md.
The plant eventually will provide
finish-ieeding of chicks, dressing, eviscerating
Pocomoke
at
by August, 1945.
poultry plant for
completed
of
Construction
started
for
quick-freezing.
.<
Income
Account for
Calendar
Years
(Incl. Wholly Owned Subsidiary Companies in the
States
United
and
1943
•;y". <*•"*-
"
sales
Cost
of
goods
1941
$
$
259,858,252 231,506,460 180,358,903
296,518,989
-
1942
$
1944
'
Canada)
222,238,390 185,857,000 163,325,089 117,086,934
sold—
Sell., adm. and gen. exp.,
etc.
44,054,122
38,260,570
35,264,439
36,258,114
30,226,477
715,728
35,740,682
704,165
32,916,932
793,102
27,013,855
892,245
30,942,205
36,444,847
7,830,0u0
8,300,000
7,892,000
12,200,000
33,710,034
7,416,000
10,300,000
27,906,100
6,477,000
5,260,000
715,000
1,500,000
708,000
1,500,000
684,000
1,500,000
515,700
1,500,000
12,597,205
—
Profit
Other
from
(net)
income
Total
13,810,034
14,153,400
675,000
8,928,648
675,000
10,502,880
4,206,386
$2.50
2,975^,520
$2.56
;
—
-
income
♦Federal
Fed.
oper.^—
prof,
exc.
tax
tax——
and
Foreign inc.
4
excess
profits taxes————
for contingencies
Prov.
Net
675,000
14,144,847
675,000
8,919,141
8,660,713
3,003,064
$2.14
profit
4,809,134
$2.42
dividends
Preferred
Common
dividends
Earns,
so
per
profits_J_-
com.
sh
;a
-
842,470,137 800,812,826
the results of renegotiation.
(In¬
$8,415,393 in 1944 and $8,311,945 in 1943.-
give effect to
to
as
capital surplus of
;
Consolidated Balance Sheet, Dec.
.
Assets—
'•
v.V:,,.-:
■ ■;
(.
new
.
V
14,243,669
U. S. and Canadian Govt, securities (at cost)—
5,422,820
{Accounts receivable—
——
—23,225,086
Inventories
73,561,771
{Investments in and advances to subsidiaries
not consolidated (less reserves)-—
1,321,582
——
—
from
receivable
Amount
U.
S.
receivers
and measure receiver
sensitiyity.-^V. 161,
.-/v.; V''
to
1
2,069,983
operations——
Francis
(Chairman), Austin S. Igleheart (President) and
(Executive
Vice-President)
in
the; company's
Metcalf
W.
report for 1944 on March 6 said in part:
:
General Food sales, measured both in dollars and in physical quan¬
tities, reached new high figures in 1944.
The
dollar sales total of $296,518,989
was
14%
above
the
$259,-
1943.
Sales to the U. S. Government were 13% of
with 9% in 1943.
As in
1943, wartime conditions imposed restrictions on production
and therefore on sales of a number of our important products.
There
were
limitations on
the use and availability of raw materials, on
figure for
sales, compared
manpower,
on
new
on
the ability to
carry
out repairs and maintenance, and
construction.
,
Despite higher sales in 1944, net profits were smaller than in 1943.
was
due to a number of factors, including increased costs of
This
various
costs.
because
18,203,111
63,784,096
1,690,391
2,633,000
1,600,000
1,423,844
32,256,004
1
1,767,470
155,500,806 142,619,689
-
—
raw
materials
Average hourly
of
overtime
and
wages
work
supplies,
paid
made
were
other higher
production
above those in 1943, in part
in some of the operations
and
necessary
Liabilities—
including
payable,
Accounts
taxes
penses
Premium
10,438,815
2,730,756
8,052,884
377,726
2,866,391
withheld
Acceptances and drafts payable———,—
Salaries and wages, misc. taxes and other
2,821,180
ex¬
accrued—
pfd. stock and dividends payableforeign inc. and exc. profits taxes
1,293,750
168,750
22,629,321 ♦18,794,278
Reserve for
contingencies———6,374,239
4,942,712
Deferred credit——————
——■
1
721,825
Preferred stock (150,000 shs. of no par value) §15,000,000
15,000,000
•♦Common stock (5,590,774 shs. of no par val.)
55,400,109 55,400,109
{{Earned surplus
——
38,767,425 36,340,225
on
Federal and
Total
155,500,806 142,619,689
-
applied in reduction of Federal tax
liability.
{After reserve for discounts and doubtful accounts of- $377,261 in 1944 and $378,925 in 1943.
{After reserves.
§The preferred
stock was called in December, 1944, and redeemed as of Jan. 3i, 1945.
On
Feb. 1,
1945, $25,000,000 was borrowed by the issuance of un¬
secured notes.
UAfter reserves for depreciation of $36,827,809 ib 1944
and $33,924,342 in 1943.
♦♦Including 85,778 shares held by a subsid¬
iary for conversion of its non-voting stock in hands of public^H*TAit^f^
deducting $725,390—cost of 15,311 shares of common stock in trfeasury.
deducting
♦After
annual
dollar
2,700,000
1,101,856
31,854,038
tax-
^Property accounts (net)
Trademarks, patents and goodwill—,
charges
$
11,983,961
♦7,277,811
Government for
requisitioned—,
Estimated post-war refund of excess prof,
{Miscellaneous securities and loans
assets
Deferred
1943
$
'
1
General Foods Corp.—Annual Report—.
Clarence
858,252
the
multirange
adjust accurately
986.
Charles
31
(Incl. Wholly Owned Subsidiary Companies In
; ..United States and Canada)
1944
Cash
Total
instrument, Type UM-4 Unimeter, has been an¬
nounced
by the Specialty Division of this company's electronics de¬
partment.
According to E. E. Williams, Sales- Manager, the unit is
useful not only in industrial and radio maintenance where rapid and
accurate
voltage curreht and resistance, measurements are required,
but also
in cathode-ray tube and television high voltage uses.
The
new
device is equipped with special jumbo test prods which provide
safety protection for the operator on high voltage work.
Two
new
signal generators, Types SG-2A and SG-3A,. have also
been announced by the company.
Separate units have been designed,
one
to provide a signal source only, the other to make possible cali¬
brated output readings,
according to Mr. Williams. (t,Hepointed out
that this combination offers radio servicemen, radio equipment manu¬
facturers
and industrial service engineers a choice of equipment to
A
Y
gy;:;''y''\
■».
Announces New Products—
investment banking groups are being formed
in the corporation vested in the Alien
Expands Activities in Middle West—
,
' ;
:
_
,
Corp., including the Yuban brand,
of The Paton
trawlers
143,586,694
—
interest
Property Custodian when and if the shares are put up at auction.
One group, it is said, is ied jointly by the Mellon Securities Corp.,
and Kidder, Peabody & Co.; the second jointly by Kuhn, Loeb & Co.,
Lehman Brothers, and Glore, Forgan & Co.fand the third jointly by
Blyth & Co., Inc., and Harriman Ripley & Co., Inc.-
others
—_
Banking Groups to Bid for Shares—
It
,
us
44,798,435 ' 41.527,370
182,397,880 179,524,428
Due to affiliated companies
———
2,092,638
1,330,964
Dividends unpaid
———
___.——
10,077,483
10,083,729
Accounts payable and accruals (not current)—
8,969,739
8,379,074
Collections under employee plans, per contra
12,660,399
12,721,460
Tax collections from employees, per contra
6,107,710 -' 6,776,847
Charles A. Coffin Foundation-—______
400,000
400,000
Miscellaneous reserves
43,168,312
37,249,715
Reserve for post-war adjustments and conting,
15,000,000
7,876,680
{General reserve
14,564,349
15,259,485
Common stock (28,845,927 shares, no par)
180,287,046 180,287,046
Surplus
171,946,146 155,809.334
items
P.
to
•
the
of
Oct.
♦Including surtax.
payable
accrued
Other
The class
Y.
tax
present
.
ahead
at present with a fleet of 13 trawlers and one dragger,
We also operate two trawlers and one dragger under charter.
; "
At
midyear we started construction of a fleet of shrimp boats.
Four of these shrimp boats were delivered later in the year and the
/
Federal taxes on income for year
Accrued
Inc.,
City, owner of all of the 6,150 shares of class A common
stock of Winthrop outstanding, has offered $9,500,000 for the 6,150
shares
of class B stock,
and has further agreed if such offer is
N.
St.,
842,470,137 800,812,826
—
Liabilities—
for sale,
constitute all of the issued and outstanding stock of
A and class B common stock carry equal rights
except that the class A common stock has the right to elect two
directors and the class B common stock, one director.
No bid or
bids of less than $9,500,000 for the entire stock being
offered for sale will be accepted.
Sterling Drug Inc. of 170 Varick
Drug,
Winthrop.
fishing
provide
Undivided
products,
V
charges
228,273,220 262,549,024
—
Total
Accounts
Corp.—To Sell Its 50% Stock
in
purchased the operating assets and raw
Wilmington Packing Co., of Woburn, Mass.,
was
approximately $400,000.
This
Aberjona River and now is known as the
coffee business
the end
By
nine
Net
12,604,902
under
taxes
reductions
—.
reclassification of its outstanding common
of
thereby
charge
annual
Acquisitions
63,193,298
65,663,206 114,724,349
Price adjustments accrued (Cr)
39,399,041 129,197,044
Marketable securities deposited as guaranties—
1,981,713
1,465,500
Accts. & notes receiv. not current, less reserves
1,762,309
1,927,145
Loans to employees
—
26,616
27,338
Advances to employees for traveling expenses—
291,450
274,076
Prepaid expenses
409,545
889,948
Assets of employees' plans, per contra
12,660,399
12,721,460
Tax collections from employees, per contra_
6,107,710
6,776,847
Deferred charges to income for pensions
1,000,000
2,000,000
Post-war tax refund (estimated!34,915,443
22,415,443
Total investments
138,419,845 133,487,664
Fixed assets (net)—j
*
38,901,988
53,680,950
Patents and lranchises
.
1
1
collections
the
the
Vv
14,859,914
income
of
these
consideration
on
299,169,520 353,848,800
.
and notes receivable,
the
on
31 for 4,000 shares of GF common stock.
As
these shares were purchased for this purpose, no new stock was issued.
Yuban is made of a blend of scarce types of coffee beans and hence
is available for only limited sale.
'
Marketable
borrow up to $10,000,000 until
aforementioned financing,
this
and
connected with the financing.
$
i
and
share
per
months,
about $8,750,000 were added to the
after redeeming the preferred stock and paying
company,
purchased
and
—
General American Investors
six
achieved,
Consolidated
'
''
that
were
Foods
The
Sheet, Dec. 81
Cash
Progress
Subs.)—Earnings—
Gamewell Co. (&
the
bf
$3,500,000.
'
Inventories,
Net
termination
to
Other
9 Mos. Ended February—
i
1944
*
878.
p.
$1.56
estimated
from
market.
or
have
would
tion
$580,732
233,660
$435,015
233,660
$27,068
$33,811
155,809,334
$1.76
is
income to be received from un¬
terminations is not material.
{In1944 the company changed its method of valuing marketable securities
held at the year-end from the lower of par or market to the lower of
claims
to
the
reduction
a
g
1944.
was
included in the 1944 resuljar
those after renegotiation for that yfear.
renegotiation
attributable
respective years.
settled
Accounts
Net income
40,334,588
___
of
Packing Division of Bluepolnts Co.,
poultry feeds and
utilizes some of
manufacturing operations.
1
171,946,146
—
year—
the amounts shown for 1943 are
9,562
$528,460
$706,825
93,444 V; 126,092
$35,951
8,883
$40,415
6,604
—
deductions
>
196,143,863
40,334,529
capital share—
per
♦Since
stock-
common
at
is
stock
inventory of
' 4,892,534
',,/v
option
cancelled
charges
time
same
expenses
The
$697,263
20,306
(.net)
income
Gross
5,625,681
undistrib-
interest
'•'J
191,251,329
(net)
i'
surplus
Asscts—
Income
206,655,053
_______
Balance
Other income
146,328,483
212,280,734
—
the
result
a
been
.
funds
*
44,922,846'
50,845,719
—
earnings of affiliates
Total
(& Subs.)—Earnings-
1945—Month—1944
revenues
expense
General
year
As
has
there
the,
located
Total
per
Equip., maint. & garage
Other oper.
the
for
beginning of year—
at
Earnings
Period End. Jan. 31—
each
laws.
upon
Galveston-Houston Company
these notes
of
$500,000
the
$25,000,000 of notes will be
$650,000 annually, or $25,000 less than the annual dividends on the
$15,000,000
of
preferred
stock
which
has now been
retired.
In
At
143,586,694
Crl2,500,000
taxes
post-war tax refund
post-war adjusts. & contings
had
has
1947.
Maximum
—•26,298,488
est.
the listing of 113,608
has authorized
off
pay
eliminated.
178,345,922
sources
it
which
1,
arrangement
1,360,643 350
1,353,012,132
1,148,367,722
sales—_____;
other
$
1,609,636,468
J
from
-
'
York Stock Exchange
New
to
agrees
General
of Preferred and Com¬
(Robert) Gair Co., Inc.—Listing
"
from
common
^
Federal income
from reduction
and
charges
credit
billed
sales
tlncome
$5.14
.
and excess profits,
{Includes
in Federal income and excess
profits taxes for 1944 and for prior years.—V. 156, p. 2222.
♦After
$96,206
;
—
107,199
1944
_
.___
of
Number
received
Costs, expenses and other charges___
Depreciation of plant and equipment,
Subs.)—Earnings—
"
Calendar Years—
•Net
Orders
Net
(George A.) Fuller Co. (&
•
Presi¬
1945.
1,
serial
The Chase National Bank, all of New York; and $20,000,000
notes, maturing Feb. 1, 1965.
This $20,000,000 was bor¬
Metropolitan Life Insurance Co., of New York.
The cor¬
and
2%%
rowed
Feb.
have been elected Vice
Kenney
E.
2%
of
beginning Aug. 1, 1955.
It may, if It so elects, pay an additional
each six months beginning Aug. 1, 1950.
*
Since 1942 General Foods has maintained a revolving bank credit
*1943
$
1316.
p.
of
poration
by enemies in
1944
dents.—V.
enemy-
or
Statement for Calendar Years
Corp.—New Vice-Presidents—
Foster Wheeler
Co.,
1943, and
over
enemy
Feb.
on
.
for borrowing
notes, maturing $500,000 each six months,
from Aug. 1,
1950, to Feb. T, 1955, both inclusive.
The $5,000,000
was borrowed
from Bankers Trust Co., Central Hanover Bank & Trust
v
in
notes,
•
approved contracts
obligations issued were:
$5,000,000
;
located
Financing
meeting
20
unsecured
on
>
New
Dec.
$500,000
1316.
p.
$25,000,000,
The
the
at
board
\
>
$137,500,000, compared with $131,of 5%.
The aggregate amount of
companies
in
year's profits.
The
Of
$50,800,000.
was
year
the company's history.
investments,
current
to
increase
an
$176,000,000,
was
tax bill in
Foreign
the
earlier,
1944
the
1944,.in
in
$1,353,000,000
year.
the
for
company
amounted
year
year
for
$0.53
—
————
—
_
Electric's
for
v~'v-/.
5%, totaling
the previous
was
paid in dividends to the 234,732 stock¬
at the end of the year rose to $171,946,146.
estimate of Federal income and
excess
profits
$4G,300,000
taxes
all
the
of
The surplus
General
129,426
increased
$1,288,400,000
income
sum
holders.
214,600
.,
dividends
Common
this
to
net
225,000
dividends
Preferred
The
1,234,000
surtax—.—.—
income
billed
sales
comparison
taxeS—123,000
and
income
profits
and Minn,
Wisconsin
Net
malt sales——
frcm
1
$1,360,600,000.
Net
Net
Note—Estimated
($1,500,000 in
for
excess
$6,320,000
post-war refunds, amounting to $1,100,000 ib 1944
have been deducted in determining the provision
taxes.—V. 161, p. 1094.
1943)
profits
General Motors Corp.—Number
The
total
number
of
General Motors
of Stockholders-—
and preferred .stock¬
common
of 1945 was 423,705, compared with
423,825 for the fourth quarter of 1944 and with 423,780 for the first
quarter of 1944.
1
*
.
<
There were 401,845 holders of common stock as of Feb.
15; 1945,
and the .balance of 21,860 represents holders of preferred stock as of
holders
for
the
first
quarter
THE COMMERCIAL & FINANCIAL CHRONICLE
1426
and
,
when
(Incl.
Railway
tax
accruals
Ry.
tax
accruals
RR.
Ry.
tax.
ry. oper.
153,069
320,025
303,682
Net
9,902
9,444
Net
ry.
3,421
6,126
5,966
2,983
5,655
5,332
DrlO.861
Dr6,253
£>rl8,403
£>rl5,181
0r2.O47
accruals
Unemploy.
Dr2,101
Dr4,021
Dr 1,231
—V.
of
tax
fac. rents
bal.i
(net
-
'
Ron-oper.
Gross
$9,748
$19,958
$21,026
906
1,448
2,093
$10,654
$21,406
$23,119
$2,920,000
313
383
railway*—.
5,971,000
railway*—
1,305,513
income—
856,778
oper.
161,
Net
from
ry.
$491,233
;
Operating
$4,310,341
—
Net
Frovis.
for
ry.
1945
Int.
&
20,260,756
5,424,189
Joint
302,133
3,601,927
401,034
$4,889,118
$5,827,540
223,005
223,005
2,676,064
2,676,064
$204,911
pfd.
on
$192,942
$2,213,054
1.937,811
1,799,188
2,481,011
682,128
897,640
,
Account
The
plan
of
recapitalization
dated
April 24,
became
1944,
$33,777,242
The
company
May
on
will also
1
gold bonds due June 1, 1978,
103 V2
at
interest.
and
FebruaryGross
from
Ret
from
Ret
1945
railway-
Payment will
revenue.——
825,019
760,926
252,562
Cross
from
from
ry.
—V.
$540,050
213,898
;; 66,474
43,777
railway
oper, income..*..
From Jan. 1—
'V
361,981
347.168
—2,279
Dr4,257
Dr6,484
(net)
revenue
revenues—
161,
,
.
1,167,641
j—
income*
oper.
and Structures
of equipment
6,429,565
from
rev.
__
other
168,540
$563,676
$333,963
283,543
493,312
222,869
i
3,354,142
687,442
475,782
211.659
j
893,791
222,204
of
Stock Exchange
$4.50
of
the
cumulative
52,233
.
653,066
429,779
549,708
108,857-
178,309
of
its
$6
cumulative
pre¬
effective.
Trust
change
company
of
York
New
has
been
appointed
transfer
■agent for the $4.50 cumulative preferred stock.
179,779 V2
on Feb. 28,
shares
of
cumulative
outstanding
change becoming
two-thirds
of
the
$6
stock
common
shares
by
of
the
Jan.
cumulative
preferred
cumulative
on
$4.50
affirmative
24,
vote
stock
1945.—V. 161,
preferred
of
the
and
of
stock.
holders
Dividend
—
958,959
$557,940
the
$6,508,780
$8,119,474
2,200,539
for amortization of
charges.
$5,918,935
185,588
$5,648,668
84,783,051
$6,104,523
'
42,726
32,844
$6,071,679
1,124,743
1,351,307
397,433
392,204
(B. F.)
announced
tnitment
mate
title
it
that
the
to
plant at
a
has
above
..
authorized
The
remaining
subsidiary of the RFC,
an
increase
in
011
$4,328,168
1,417,656
.1,417.176
$517*266,in
19,017
15
com-
to $550,000 for additional equipment
the estimated cost of which will -approxi¬
Goodrich
will
company
in Defense Plant
1943'
X
,
operate these facilities,
Corporation.—V. 161, p. 986.
Goodyear Tire & Rubber Co. of Canada, Ltd.—Seeks
agts.
& cond.
4n
whole,
tn
lieu
—V.
or
of
in
part
accrued
161, p.
for
have
been
retirement
dividends,
at
asked
$52.50
according to A.
to
a
G.
tender
their
shares
share, plus 21 cents
Partridge, President
879.
.;
1945
Cell., adv. & adm.
/Social
&
secur.
benefit
*1944
receivable-*
$568,241
$572,014
73.461
assets**
_*__■—
•
399,053
399,926
Bonds
14,374
11,301
11,461
Net profit
Prov.
$154,814
$160,787
$96,515
11,727
8,718
6,152
266,647
—
excess
$163,532
$166,939
$125,621
9,891
9,384
9,812
10,113
77,390
89,659
inc.
378
1,056
943
equipment
foreign
matured
for
-
•Three
months
ended
$72,486
$75,703
Feb.
29.—V.
161,
$66,525
463.
p.
$66,118
Other
Deferred
510,067
company,
throughout
the
war
the
SEC
capital stock.
which
United
Co., Inc.—Registers
distributes
States,
covering
the
electrical
am¬
products.—
has
filed
issuance
of
a
■f
registration
57,937
The company proposes to credit
and
shares
the proceeds
50,000
P.
Durell
his
at
request.—V.
own
161,
our
issue of March 26 of the offer¬
dividend of 10,000 shares 4%'
B ($100 par). Fur¬
given:
stock, Series
corporation in whole or
$105. per share prior to
and. after March 1,' 1950,
and after Feb, 1
1949, at
opfiori
fund
on
or.
in
dividends
each
Dividends
case.
part
in
of
share
March
at
any
1, ,1950,
and redeemable
$103 per share,
cumulative
from
each
York.
9,773
1945, payable quarterly June 1, Sept. 1, Dec. 1 and March- l,.
vear.
Transfer agents: Bank of the Manhattan Co., New
Registrar; Chase National Bank, New York.
Business*—Corporation
1,108,7.07
manufacture
1.868,936
and
and
medicinal
sale
N.
operates,
is
of
It
uses.
Garfield,
aT Delaware coiporation, engaged In the
synthetic organic chemicals for industrial
two manufacturing
plants located ;at
owns
under
and at Fords,
near
Perth Amboy, N. J., and also
contract, two plants located in Pennsylvania and. at
respectively, which are owned by the United States'
and Defense Plant Corp., respectively^
120.331/,
98.357 f: Army Ordnance Department
/Corporation sells approximately 100 different "items.
v;
3,214,974 / 3.353,920
11.967
107,993
:■/ 9,745.
•
.—
*
Princeton,
J.
J.,
N.
31,284
448,485
—
accrued
—
404,k85
.
'
>349,623
518,973
.
577,727
505,654
691.985
88,982
„
14,529,359
8,718,736
6,972,035
7,608,328
1095.
■„
6,380,543
4,277,246
an
$98,327,132 $93,055,597 $91,183,213
tion
or
1,
of
1945,
!
from
Gross
Net
from
Net
ry.
railway—
56,244
$151,021
2.010
29,482
36,470
statement
par)
of $1,158,-
underwriters
of
date
payment
/
.v-
Becker
Merrill
&
Gross
Net
from
from
113,177
ry.
484,898
oper.
Deficit.—V.
41,509
income**
161, p. 987.
153,226
-
493,785
492,505
*
107,362
&
Fenner
the
common
68,865
6,200
87,916
Sell.,
stock,
161,
p.
(The)
declared
$1,
a
on
the
common
on
payable
April
25
to
Bear.e
Mar.
$1.0614 pei* share on
April
30 to
Dividends
28
3,250
——_
2,000
/*
*
:
2.000
1,375
1,375';
*
Statement
for
Calendar
Years
1943
1942
'/
and allow. $16,412,629 $14,212,220 $11,156,718
—
admin,
&
gen.
11,564.789
9,967.39£
,7,537,269
1,412,856
1,125,325
877,584
$3,434,984
$3,119,497
$2,741,866
exp.
profit, from operations*—income
470,559
income
Gross
Other
—*
deductions
for
for
*4
219,035
84,533
$3,905,543
$3,338,532
465,257
$2,826,399
456.020
—
"
declared
a
dividend
.
*
value
V..
306,855
;
' ———'
cents per
of 30
share
$15, and the usual quarterly dividend of
the 414% preferred stock, par $100, both payable
April 9.
*
*
stock on July 31, last
year, by the payment of 30 Gents per share, and a like amount was
subsequently paid on Oct. 31 and Jan. 31, last.—V. 161," p. 208.
on
the
50,000
432,995
412,204
337.108
2,003,918
1,546,297
1.472,925
$968,610
excess-profits tax
profits tax
for Federal excess
Net
income
Preferred
$864,774
$709,512
——
dividends
common
Co., Indianapolis, Ind.—Preference Stock
Offered—City Securities Corp;,' Indianapolis, are offer¬
ing (in State of Indiana only) 60,000 shares of noncumuiative Class A preterence stocK $1. par)- at $10
—
Assets—Cash
on
and
hand
accounts
and
139,527
154,799s
394,494
362,584
351,953
Balance Sheet,
Consolidated
ceptances
83,117
^—
:
;
dividends
Common
par
holders of lecord
were
inaugurated
44,000
contingencies..——
income tax
and
Federal
declared
holders of record
24,
1317.
stock,
Shares,
— *
—
cents per share
dividend of 25
Hech| Co.—To Pay 30-Cent Common Dividend
directors
The
of
'
27
par
number
-/■•'
'—
Corp._._!!_
Income
_•
shipping,
Provision
A similar amount was paid on March 10, June 10 and Nov.
year.—V.
the
r
Thalmann
sale*
of
Prov.
March
delivery,
311,735
81,60.9
4,255
V
Hayes Industries, Inc.—25-Cent Distribution—
on
J.
have ,entered,
——
sales, less returns
Gross
Prov.
on
and
—
Weeks
&
Consolidated
Other
railway*
below
■
*—1
Pierce,
Lynch,.
Ho'rnblower
Net
1—-
railway**—*
named
Inc
Co.,
Brothers
Lehman
Cost,
resulting
expanded
and
*1,776
■
145,942
23,479
income—
$211,389
$313,094
$248,520
railway
oper.
1944
working capital
receivable
business
1944
1942
1943
~
'
1945
to
accounts
preferred stock set opposite its name.
...
G.
added
be
increased
■
several
the
to
Series B
-'■
A.
will
inventories and
presently
440,932 shs
,
Ladenburg
■ ;
(S982.500)
proceeds
increased
corporation's
<10,000 shs
___—
1,500,000 shs
agreement with the corporation to purchase from the corpora¬
to
find purchasers for.
at $103 per share plus divds. from,
shares
•
Outstanding
38,149 shs
/
pari—.—.*—•_—
operations.
March
38.876
18.711
*
credits
the
into
4,012,446
—_
the
finance
from
Underwriter*-—The
47,550
4,469,424
financing.
present
60,000 shs
—
($2.50
stock
Purpose—Net
——
45,983
to
par)
series A„_——
cumulative preferred, series B
to
128,537
.
($100
cumulative preferred,
4%
1,500,401 >:
120,531 ;
2,898,403
" 120,010
238,095
5,179.420
_____
surplus
p.
--
184,004
unpaid
—
161,
1.180.639
342,772 +
effect
Authorized
stock
preferred
4%
1,123.811
give
to
„
Common
accrued
Herff Jones
supplies
($20
now
demand
receivable,
Dec.
deposits,
$1,205,432;
post-war refund of excess profits taxes, $536,425;
Identified with U.
ass^s
see
contra.
$200,000;
Government
S.
property,
plant
31,
1944
$2,959,802; trade ac-'
inventories, $1,471,737;
investments, $108,299;
cost-plus-fixed-fee
and
equipment
(after
contract,
reserves
for
depreciation and amortization of war facilities $2,529,312 »>, $5,310,980;
prepaid expenses and deferred chcarges, $108,861; total, $ll'901.535.
Liabilities—Accounts
With SEC^-
apparatus
around
uses
for Thomas
except
director
a
Gulf & Ship Island RR.—Earnings—
'
1202.
Graybar Electric
The
"Alligator"
said,
was
Co.—Offering of Preferred Stock—•
•
during February from the Warren City
Manufacturing
Warren, Ohio, a subsidiary, increased 140% over
December, the
best: 1944 month, according to Joseph W. Frazer, President.
March
shipments are expected to set another new record, Mr Frazer said
p.
in'
35,186,783
632,335
- - 344,594
;
137,360
February—
Shipments
Warren
'
<
share and
per
sinking
1,
$8,265,890
payable*—
liabilities—
Unadjusted
last
Co..
City property is producing landing craft,
phibian tank hull assemblies and a number of other
it
re-elected,
as
made in
at
accrued
28,442,475
2,037,997
liabilities
current
April 6.
>
Graham-Paige Motors Corp.—Shipments
Higher—
161.
the
plus
March
30,994,994
payable
liability.*
The directors
——
and
stated.
days'. notice" at
$103.50
$8,265,890
unpaid
matured
rents
*
•
retired
per
30
on
at
28,443,475
balances—
wages
accounts
'
subs.;
Net profit
&
interest
Net
79,539
he
$2,217,530,
corporation,
Chemical
was
Redeemable
29,353,526
(current)
car-service
Unmatured
on
earnings
Exchange loss on profits
who
103
28,442,475
!
accounts
tax
$8,265,891
shares)
(284,424
debt
and
Interest
2,170
and
profits tax.
current
of
were
are
».'• 735,817 ?
47,219
:
The
preferred
and
3,851,300',
.
$93,055,597 $91,183,213
$98,327,132
(590,420 shares)—
stock
Miscellaneous
29,106
$162,295'
_**
for Fed.
1944
year.
directors
ther details
Serial
stock
From Jan.
Depreciation
31,
Current position is the strongest in several
refund
cumulative
•*
$150,568
*—
a
and
York,
ing at
■
92.656
'
3.723,992
*
*
——
and
Traffic
410,918
12,094
Operating profit*—
incl. Dec.
arid
the
expenses.
steel
New
time
' >19,721
10,272
*—
*_■
__
_
Audited
age
Income credits
of
$518,894
406,223
exps.
old
1943. to
the
revealed
2,344,953
42,527
*_*
dividends
assets
Long-term
—V.
1942
$568,885
insurance
voluntary
a
Clark
enlarging
2,478.865
2,794,377
Total
1943
as
reconvert its plants to peacetime production at'
and that
therefore no hew financing will* be
to
war
Capitalization—Adjusted
Total
(IL W.) Gossard Co. (& Subs.)—Earnings—
3 Mos. Ended Feb. 28—
date
business
received,
for that purpose.
Heyden
in .1942
3,878
865,561
—
Unadjusted debits
Corporate
Gross profits from sales
the
of
Mention
.
3,450
supplies-*—.
and
Accrued
shareholders
of
type
same
1203.
.
650,291
-
1,806.176
Unmatured
to Retire Preferred Stock—
preferred
Since
announcements.;
the
W. Clarkr President, said at the annual meeting March
the management regards the working capital of the corpora-;
end
of
707,992 '
3,498,100
849,806
754,926
receivable
Dividends
The
-f,
The
that plans and specifications have been prepared
corporation's 'preseiit manufacturing space at the
main plant, in order to permit more efficient handling of steel stock,!
etc., which when made would result in a considerable saving in manu¬
1.417,336
and $252,970
1943
4,128,501
receivable———
current
Preferred
its preliminary
orders
adequate
Officers
$4,030,216
——
accounts receivable-*
and
Common
Mar
1920.
manufacture
company's war contracts was* as
$339,029;
total
shipments to date,
balance of unfilled orders, $237,020.—V. 161, p. 669.
Total
facturing
defense projects ip excess of ordinary depreciation
1
1'
from
Rents
holders
company
Akron, Ohio,
$700,000.
a
7,
to
of
Goodrich Co.—Expansion of Facilities—
Corporation,
pursued
period from Dec. 31,
31, 1944 the status of
as
Mr.
349,361
$3,218,150
f
investments**!*—
bills
receiv.
Deferred
graduation
has
Jan.
was
—
Miscellaneous
Interest
and
company
Indiana
$5,796,913,
1942
road and equip., ate. $78,326,080 $74,237,521 $74,733,235
*__*—_,
5,746,434
5,319,486 y> 4.791,141
cash
and
bal.
Net
jewelry
in
incorporated
was
the
that
•tion
for
167.262
$4,740,325
Special deposits
Loans
company
announcements, and engraved stationery.
Dec.
the
2,198,101
charges—
1944
in
be
.
Rensselaer
$5,815,930
$4,624,909
*
*
*"
Comparative General Balance Sheet, Bee. 3t
Assets—
in
will
Hayes Mfg. Corp.—No New Financing Necessary—'
$7,846,769
___
1944,
which the
emblem
follows:
■
Liabilities—
The Defense Plant
sell
$102,009;
1,039,878
income—
in
refund
there
.
795,022
1,070,874
appropriations————.^
•Includes
cash
a
that
years and the corporation for the three past fiscal years has returned
a
total of $5,567,530 to the Government in renegotiation refunds, in¬
954,288
—
by
»
Business—Incorporated
and
for
incorporation,
p.
income
and
opinion
necessary
1,883,872
fixed
of
212,640
*
from
is
1944.
year
2,603,860
1,153,923
income
for
avail,
Company
fiscal
for
of $1,562,
amount
182,473
—
deductions
Income
decrease
a
the
$1,736.
renegotiation
provides
profits in base amount of $20,000.'
decrease of net sales in amount
by a
2,806,900
•„
income
Miscell.
of
amount
by
in
tax
fiscal
of Federal' taxes on income payable in the
of post-war refundable portion of
decrease
a
$18,264,
for
Agreement
177.800
1317.
p.
by
of
profits
business
war
completed.
2,989,644
•—
operating income
Other
stock
preferred
1945, will upon the reclassification and
effective represent 188,769
The plan was approved
of the
$6
66,793,
$12,498,169
_
_
effected
been
company's
been
excessive
refund
has
$20,000,
tons
Total
Material
Co.
155,411
,
$13,138,680
158,143
Net railway
Temporary
has authorized the listing of 188,769
stock
(no par),1 upon official
and
162,392'
$11,784,435
Other inconae
88,258
Stock—
\
144,691
•
of
has
1943,
30.
June
refund
on
1,114,965
—
taxes
184,414
7
preferred
reclassification
becoming
The
ended
cluding
104.451
89,971
7
Brothers, Inc.—Listing of Preferred
Guaranty
)
716,182
95,886
1,315,327
———
Railway operating
rents, Dr*
Net
1,111,674
136,668
The
with
3,927,589
8,938,161
155,719
taxes
taxes
Payroll taxes
All
1942.
1,091,120
508,324
ferred
V.
207,819
tion
.
1,047,947
10,298,459
—,1,310,072
operations
ry.
income
Investment
The New York
notice
The
158,181
$106,312
.
originally planned.
It manufactures and sells high school and college
graduation
rings, club pins,
txophies,
medals
for achievements
of
students, charms and kindred articles, high school and college gradua¬
*4.968,039
1,060,647
10,397,786
*
operations
expenses1—*—*
Cash—
/shares
*6,010,379
995,479
——
_*
986.
p.
1,361,108
$37,736,686 $37,858,695 $33,173,151
6,663,631
*5,866,663
*4,509,984
—
charges———
Contingent charges
:;
railway-
railway.
Gimbel
of
366,001
of
734,806
385,909
oper.
income
State
:
1943
1944
$576,646
ry.
at
198,799
2,715,526
and
revenue———
Fixed
t
69,308
the
York, trustee,
Georgia Southern & Florida Ry.—Earnings—
t
268.108
23,
$527,500 of first mortgage
redeem
tie made at The Chase National Bank of the City of New
II Broad St., New York, N. Y.—V.
161, p. 1095.
Ret
2,305,627
no
$34,039,146 $30,736,553
2,700,899
Net
with the New York Trust CO.,
paying agent, 100 Broadway, New York, N. Y., for the redemption at
$150 per share, plus $4.42 dividends from June 30, 1944, to March 26,
1945, of all of the $6 cumulative preferred stock held by the public.
Ret
33,156
purpose
2,746,236
revenues
Miscellaneous
effective
March 26, 1945, it is announced.
The company has deposited funds
1
27,068
For
Federal
on
Federal Taxes
•
for Calendar Years
of way
Net
Effective—To Redeem Entire Publicly Held $6 Preferred
Stock and $527,500 of 5% 1st Mtge. Bonds—
>
1
Net After '
Federal Taxes
$20,065
of
496,388
Transportation
161, p, 986.
Georgia Power & Light Co.—Plan of Recapitalization
30
195,549
This
1,126,900
647,262
ry.
General
—V.
June
171,760
*
that
$3,151,476
stock-
Balance
Ended
Federal Taxes
.
4,065,415
Traffic
Divds.
»\-
Years
$126,377
year
243,241
6,307,127
Maintenance
3,794,462
$415,947
Fiscal
for
1944—*.*
1942
334,322
income—
to
shall
dividend
any
1S42—
563,690
5,824,727
facility
Maint.
$9,622,002
295,872
deducts.**
before
year
1,667,584
12,681,292
$8,491,045
each
1941
$2,011,388
1,245,085
334,309
transportation
5,758,666
$427,916
other
income
Net
5%
1943
$3,116,483
5,948,511
incidental
11,158,117
$718,080
cents
stock
common
Renegotiation—Renegotiation
1944
_
468,167
$723,789
——
50
1,896,964
and
898,100
income—
oper.
Total
Gross income
of
as
*1944——
production
$2,898,481
4—
1,158,825
23,393,391
same5
limitations and restrictions, except
share of class A preference stock
$1,213,110
a
railway
Other
$48,801,220 $47,988,241
1,814,165
the
exactly
1943—*—
Manager of
1,020,603
Passenger
483,500
,
217.010
have
1939-—
RR.—Earnjrt^s^-
Freight revenues
Total
1,952,546
*
taxes
192.780
217,010
stock
common
Net Sales
1935-
railway—
from
Net
1,150,506
expenses
Prov. for depr. & amort.
dividend
a
Earnings
excess
1945—12 MOS.—1944
$4,159,239
to
Each
paid on the
amount
Georgia Power Co.—Earnings—
revenue
be
History
1945—Month—1944
voting.
Outstanding
192,780
1937—
$2,973,889
Income
Gross
entitled
shall
161, p. 1317.
Period End. Feb.—
stock and
preferences,
and
370,333
4,518,000
Milling
railway
oper.
1944
$516,618
rights,
dividends
Authorized
.-
pari
——_
809.192
1,333,905
been Vice-President and Plant
railway
Gross from
$538,758
1945
1944
1
($1
part
preference
From Jan. 1—
—Jan. 1 to Mar. 21—
$47,525
$41,400
revenue
■
Net Before
Foulds
'
,
1,734.848
948,892
($1
986.
p.
from
Gross
1944
$469,230
1944
$47,575
—Wk. End. Mar. 21—
1945
—V.
5,487.000
1,465,313
A
relative
125,519
,
stock
/Four iponths ended Oct. 31.
Net
1945
1945
$44.b50
revenues—
Period—
Operating
351,353
5,888,000
"
Capitalization
1
,
preference stock
'Class
be
Gulf Mobile & Ohio
—Jan. 1 to Mar. 14—
—Wk. End. Mar. 14—
Operating
636,398
A
Common
$2,129,000
•
.
,
'
'
1
...
844.572
;
Registrar-*
Indiana
■
Co., Libertyville, 111.
..'/•'
In his new capacity Mr,
Roys will have charge of
accounting.—V. 160. p. 2543.
$54,141
$22,736
$21,0.93
$10,463
int.*
to
Period-
Transfer Agent—City Securities Corp., Indianapolis, Ind.
Trust Co., Indianapolis, Ind.
■
;
;y,
■ ,.■■■•'.. •; .
■..
*
1942
*;
<
$2,678,000
$2,887,000
458,055
February—
applic.
Surp.
i ;
finane-
new
'
Class
1943
410,177
the last five years has
for
637
—
income**
from
1944
income—
$54,777
191
income
Deducts,
;
:
company announced on March 19 the election of W. E. Roys as
Vice-President and director.
With the company since 1931, Mr. Roys
2,538
oper.
1252.
p.
The offering does not represent
ign.
The
$52,240
income*
income—
ry.
'■
676,888
subsidiary.
Net
159,
share.
per
The
Grocery Store Products Co.—New Vice-President—2,742
1938 >
Equip, rents (net bal, )*
Jt.
treasury.
-
Insur.
Act
1945
613,346
from
Gross
(Fed.
RR.
treasury stock
to
company's
railway*—
from
4,951
—
and
shares
the
From Jan. 1—
(Fed.
1937)
act
Net
$396,082
(ret
in
employe-owned.—V,
became
company
from
$385,218
expenses
oper,
Ry.
the
Net
.
1945—2 MOS.—1944
$199,|
$186,388
Railway
V
Ry.)
1945—Month-
revenue-
oper.
unissued
shares
of
Grand Trunk Western RR.—Earnings—
Northern
Statesboro
Period End. Feb.—
of
case
February—
Gross from railway
Receivers—Combined
and
the
case
Monday, April 2, 1945
,
Georgia & Florida RR.—Earnings—
Corporate
in
the
has
1942,
since
Secretary
Wagner, Vice-President and
fceen elected President,—V. 161, pi 1317.
F.
in
primary purpose of the
offering is
to afford
an
opportunity
to
employees to purchase shares in accordance with a policy formulated
Corp.—New President—
General Realty & Utilities
Edmund
capital
account
1944.—V. 161, p. 1202.
preferred for the fourth quarter of
21,826
stockholders
These figures compare with 401,999 common
Jan. 8, 1945.
to
740
Federal
income
contingencies,
.ment
ferred
under
stock
preferred
and
payable,
$786,964;
accrued
liabilities,
profits taxes (net), $1,719,380;
accountability for advance from U.
excess
$75,000;
cost-plus-fixed-fee
cf
stock,
subsidiary,
series
A,
in
contract, see contra,
hands ot public. $2,300:
$2,814,900;
common
stock
$278,392;*
reserve
S.
4%
for*
Govern-*,
$200,000;
pre->
cumulative
($2.50
par)/
/
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161:
$1,102,331; paid-in surplus, $138,364? earned
$11,901,535.—V.
161,
1317.
p.
■
surplus, $3,783,905; total, 7
'
,r
A
of
added' to the board
Mass., has been
•
*
-
George A. Crowell of Plymouth,
directors.—V. 160, p. 1969. •
semi-annual
clared
'•} Hey wood-Wakefield Co.—New Director—
of
Institutional
,
,
record
last
'
the
on
30.
April
the Securities Exchange Act of
Securities, Ltd.—Aviation Group Div.—
cash
distribution
Aviation
year.—V.-161,
of
Group shares,
like
A
amount
p. 670.
cents
50
VV
than
of
will
ance
.VV/
Acquire Stock in Air¬
'v>v:;v' - '•//.■"/V ■'
1942.—V. 161, p. 1317.-
30,
-
Gross
Net
The
additional
1,474,778
notice
the
Stock
York-
New
of
issuance
total
as
three
a
shares
authorized
has
shares
for
of V
one
from
Net
ry.
—V.
-Dividend Ruling—
Stock
York
New
Exchange
1945—Month-^-1944
Period End. February—
M.
1095.
168,799
371,155
36,289
4,741,302
594,558
405,741
2,098,116
F.
Holahan,
after
50
'■Gross
!
$192,109
with
this
,
-8,969
J.
$1,517,232
1,115,481 i
-•
17,207
V
income
1
«*'
'^'V'
"V
.
94,350
in Personnel—
and
company
one
.
209,117
Intel-national
$60,168
$73,458
$38,748
(Bartholomew
motion
a
/'Norton Simon, Chairman of the Board, announces that an agree-.
has recently been concluded whereby this company win acquire
1944.
rnent
of Fontana
Food Products Co/ South San Francisco. Calif.—V. 161, p. 567. ; .;/.///
(constituting
shares
all
outstanding
the
of
iri
Hydro-Electric
A.
Briclcley,
the
stock')
U.
He
also
S.
>
Huyler's—$1.50
Preferred Stock-—
;
*
-
,
still
and
-
is
well
';
System
of the
Court
'.Period End. Feb. 28—
>
Railway
oper.
The
oper.
expenses
Railway
8,561,292
4,406,729
4,179,375
accruals—
tax
Equip. & jt..facil. rents '; / Vv v-V;■ V-/--V
V"V1/-V'V4VV
'(net £>/:„
97,768 , " 355,915
•
223.153
e
™_
Iowa
$2,640,595
$4,784,535
114,507
93,265
252,620
4,955
W, 2,424
Other income
deductions.^-
Misc.
-
—•
/
at
;
system,
Boston,
the payment
of
the
at
'
motion
of
stated
the
with
order
161, p. 568.
nounced
.
/ ii
Fixed
$2,731,436
1,035,101
1,106,504
charges—
♦Net. income
♦After
providing
Federal
for
$2,964,883
$1,624,932
March
on
^
•/- /
' V /: 4 \
/ ■'!
formation
March
and
income
excess
Earnings of Company Only
profits
-
taxes.-
which
E.
from
Net
Net
railway
from
that'it
the
ry.
income
oper.
Jan.
From
Gross
railway
now
23.—V.
35,133,279
11,783,729
11,925,587
5,990,702
3,495,939
*
,
Assistant General Manager, was elected Vice- /
President in charge of operations; Vernon W. Foster, General Counsel,
w&s made Vice-President and General Counsel, and Charles H. Mottier,
Chief
*
elected Vice-President and Chief Engineer.
General Superintendent of Transportation, was
Manager, and Clyde- F. Fitzpatrick, Superin¬
Iowa division at Waterloo, was advanced to General
Engineer,
'Stephen
'
was
Lynch,
F.
the
of
Superintendent' of Transportation.
dents of Chicago.—V, 161, p. 988.
Illinois Terminal
February—
;
V
from railway
Net ry. oper.
'
.
ry.
—V.
income
oper.
1942
$567,573
305,488
213,915
1944
$874,368
376,570
99,663
118,304
126,450
1,789.734
780,819
238,392
1,450,900
1,185,838
"
1,894,220
785,951
railway
from
Net
Net
,
from railway
Gross
1943
$713,422
1945
$904,051
370,196
income...-
From Jan. 1—•'
resi¬
118,104
.
.
railday
from
but Mr, Fitzpatrick ate
RR.—Earnings—^
Gross
Net
All
237,699
619,083
436,504
230,767
252,126
and
revs
oper.
Rwy.
Rwy.
tax
—
exps
oper.
1945—2 Mos.—1944
$2,702,961
2,515,778
$2,851,438
2,342,459
90,634
153,486
79,383
accruals.-..-
board
160,
Delaware
of
2647.
p.
-
oper;
rwy.
88,930
210,453
209,000
$20,936
88,717 V
♦$42,569
inc.—
'-$176,756
6,813
6,880
12,848
created
Total
*$39,659
Misc.
fixed
*$169,876
6,260
5.802
33,879
42,068
67,688
84,528
Net
chgs.___—
*$17,357
*$76,677
income
161, p. 988.: V '
♦Deficit.—V.
; V
*$243,82.4
make
to
Inc.,
ultimately
Laboratories,
Harold
were
New
is
H.
Buttner
of
April
the
between
and
Douglas
,
and excess
Net
opening
of
radiotelephone
Rio
Janeiro,
de
radiotelephone
President
161, pp.
1203
and
1944
$6,194,697
2,685,791
324.823
profits
^
306,386
710.344
865,593
578,273
627(698
taxes.
Federal
567,555
47,068
taxes
income
$1,233.016s-
$1,299,279
42,090
37,084
$1,275,106
......^
(net)..
$1,336,363
,
...
...
.
.
T
.
616,495
662,840
$658,610
$673,523
334,903
$323,707
$0.82
stocks..!...
All
Fed.
&
—
&
retire.
local
taxes.
maint.
-
1945
1944
1943
1942
$3,446,132
$3,297,694
1,119 125
1,070,277
$3,113,174
$3,053,390
1,148.163
1,147,616
1,056,879
952,669
$78,049
-881,326
$1,108,292
$1,078,246
$1,219,396
504.875
504.875
504.875
77,010
February-
revenues
<412,000 shares of com. stock)
.880.
;
\
,
share
77,380
Cr29,-734
69,774
$568,467
$526,037
$603,104
$644,747
issued Stock—Control
Net income
-
Interest
504.875
charges
deductions
Other
V.
avail,
161.
p.
for
divs...
988.
income
A
group
of
of Sullivan Machinery Co.
'
-
investment trusts and
Being
'
other Investors
have entered into
from it up to
with
the-Joy
Manufacturing Go.'to purchase
but not
les
unissued
than
capital stock at $24.50 a
Among
the
Corp.,
vestors
Trust
subject
to
69,100
74,815
3,229,500
Dr4,599
$4,647,632
20,877
$4,618,518
$4,626,755
...
...
(net)
!
income
deductions
70,000
shares
of
its
authorized
but
share.
purchasers are Adams Express Co., American Interna¬
Lehman • Corp., Pennroad Corp., Massachusetts In¬
and General
American Investors Corp.
The offer is
the
approval for
listing .of
r
2,101,535
2.114.552
4,106,400
....
1,635,949
1,633,788
'
$2,982,569
$2,992,967
,
...
income
...
2404.
p.
-Earnings-
oper.
revenues
oper.
expenses
500,000
$3,378,202
$6,453,483
$( i,734,178
2,120,504
3,844,558
( :,351,688
1,815,986
taxes..
800,000
855,000
175,000
income
168,000
350,000
336,000
152,136
218,747
344,396
408,661
2,344
11,804
4,720
20,458
$562,543
$444,147
$1,109,809
$762,371
taxes
.
(net Dri__
rents
rents
ry.
>
■
1945—2 Mos.- -1944
1945—Month—1944
$3,208,009
(net
Dr)
income
881.
oper.
161, p.
>
415,000
.
Kansas Oklahoma & Gulf Ry.—Earnings—
from
Net
ry.
the
1942
1943'
'1944
1945
$192,505
$370,821
railway
$303,085
$355,640
railway..
157,275
200,731
228,504
91,987
73,612
84,946
115,653
38,203
from
Gross
Net
oper.
;
'
income...
from
from
—V.
653,087
.339,044
railway..--
railway
oper.
161, p.
income—
989.
r
/
686,897
'382,450
700,255
423,448
404,754
203,675
150,472
■
-162,575
214,341
94,657
Kendall Co., Walpole,
A
Mass.—Registers With SEC—
registration statement oovering 40,000
shares of $4.50 cumulative
preferred stock, series A of the company, manufacturers of commercial
textiles and SUrgical dressings for hospital and consumer use, has
been
filed
with
the SEC.
The First Boston Corp., Goldman, Sachs & Co. and F. S. Moseley
& Co. head
the underwriting group.
Proceeds, together with funds to be obtained through the private
sale about June 1, 1945, of $3,600,000 of 3% sinking fund debentures
due June i.
1960, and $1,400,000 of 2%% serial notes, due 1945-52
will be applied to the redemption at $110 a share of the outstanding
cumulative and participating preferred stock of the company, and to
the
redemption of
$4,500,000 of outstanding Vk% - sinking fund
debentures, due Sept. 1,
1957, and $1,000,000 of 2%% serial notes,
due
1945-47.—V. 160, p. 1296.
'
/
•
Kennecott Copper Corp.—Plans to Broaden Activities
at the annual meeting on May 1 will be askecLto
the corporation's certificate of incorporation
to enable ;this
corporation to acquire and develop natural resources of every kind as
opportunities can be found Min the air, earth or water, including!but
not limited to copper,
gold, silver, lead, zinc, molybdenum, oil, gas,
coal, coke, charcoal and other fuels."'
If
approved, the proxy statement mailed to stockholders says.ttne
amendment will permit the corporation to purchase,
or other wise
acquire, lease, develop, prospect, explore, discover, locate, sell and deal
in lands, quarries, mines, mineral locations, including those containing
or believed to contain
oil or gas, water and water rights, of all kinds,
and any interests in any or all of the foregoing.
It also provides! for
the erection or purchase of various types of plants for their treatment
and refining.—V. 161, p. 311.
!'
'
'
.u
Kentucky Ohio Gas
Co.—Calls 6% Bonds—
outstanding 6%
sinking fund mortgage bonds
All
shares
of the
have been called for redemption
interest.
Payment will be made at The
1950,
15th and Walnut Sts.,
Keystone Printing
and
registration
under
of
the
due Oct, 25,
101 ana
on May 4, 1945,yat
First National Bank
of Phila¬
Philadelphia, Pa.
Service, Inc., Libertyville,
demption—
100,000 shares,
tional
Bal.
'
Negotiated—
agreement
-
1943
$4,623,116
:
income and excess profits taxes
delphia, co-trustee,
'Joy Mfg. Co.—To Sell 70,000 to 100,000 Shares of Un¬
$1,150,352
12 Mcs. End.
Oper.,
resale....
local and miscellaneous Federal taxes.
160,
All
Gross
for
$338,620
$0.78
,
.
V
p.
purchased
., .
334,903
and other deductions
income
161,
gas
The* stockholders
723,735
excess
interest charges
and
amend
profits tax_____^__„___
than
Statement—
1944
$22,679,189 $21,226,890 '
.
,
•1945" V
Dividends accrued oil preferred
—V.
>
February—
161,
$6,663,086
$12,009
Indianapolis Water Co.—Earnings-
$376,283
and 988.
r
Earns, per
$349,142
;
and
Vargas.—V.
Co.—Earnings—
earnings from operations..
Net
.
v
$25,006
Net
step
network
for
bonds may present the same at any
redemption price together with accrued inter¬
■
Net earnings
$1,124,781
,
income taxes
—V.
service
Porto Alegre
an important
company
depreciation
income
$1,077,595.
$28,122
Jt, facil.
Baker,
B.
Charge in lieu of additional Federal income tax
Taxes—other
39,483
$88,058
$1,085,298
'
Net ry.
revenue
for
45,438
480,000 !
748,499
Equip,
Net
12 Mos. End. Feb. 28—
income
$1,032,157
3,419
Kansas City Southern Ry. Co.-
Buchanan, Treas¬
above-mentioned
the full
Iowa Public Service
Operating
$84,639
3,486
.
the past year by
during
1945.—V.
19,
$83,339
V V
'
2,191,500
Other
Bakerieb Corp.—Redemption of Bonds—
the
480,000
From Jan. 1—
Secretary.
marks,
receive
563,114 f
590,900
.
728,454
Railway
President
the
and
to
369,400 !
49,161
,40,000
40.000
63,052
Federal
.[
Holders
551,550
50,106
retirements-.
period End.Feb. 28—
by I.T.&T.
Among the
outstanding-first-(closed) mortgage 5'h refunding bonds
due June-1, 1958, have been called for redemption on April 19, 1945, at
105 and interest.
Payment will be made at the Continental Illinois
National Bank & Trust Co., corporate trustee, 231 South La Salle St.,
Chicago, 111.
.
1
<
time
2,364.436
42,000
66,975
7,123,471
1,029,101
k
•
,
of
$4,862,248
2,464,090
&
2,222,407
—V.
an
York,
Swantee, Comptroller; O. C.
has announced
authorized
1318.
$5,118,697
208,606
1,036.852
Net
thq new-company.
possible
according to the
achievement of a national
'Interstate
income
1945—12 Mos.—1944
,
$424,407
207,641-
58,702
Railway
corporation,
Labqratories;
'
/
.
alphabetical
of Del.—Earnings-
Co.
1945—Month—1944
$448,060
■Operating income..
-
$2,000,000
a
of
and Radio
elected
This
Utilities
profits taxes__
Gross
$102,339
3.038
deductions
Total
$27,749
3,139
income
not
always
alphabetical
near
in the post-war era.
connections
the
toward
Brazil,
Total
v
is
it
exact
as
$86,824 :,
Income
!lv ^
Corp.—Forms
$89,491
V
2,910
Other income—
in
always
are
/
,
Telegraph
&
qf
Directors
Douglas Webb,
C.
telephone
Other
Net
.
reasons
companies
7.686.551
Other
210,488
Equip, and jt. facil. rents
be
829,337
State,
and Chair¬
company
Federal
1945—Month—1944
$1,326,099 $1,388,195
1,200,568
1,187,695
Period End. February—
Rwy.
two r
1204.
p.
net earnings.™ V
deductions./
Federal
Deloraine, internationally known scientist and General Director
Provision
RR.—Income Account—
would
may
820,211
State
;-/':■
Maintenance
1
full,
Exchange- Commission.— •
161, p. 988.
Indiana Harbor Belt
shares
Maintenance
will
but '
System
such.payment in
2,888,221
-
Sullivan
the
by
Spartanburg,
two
of
Telephone
in
was
Curtitiba.
est
la
Depreciation
linking the local public telephone systems of Recife, Baia and Natal in
Brazil with recently opened telephone circuits, making possible radio¬
p.
it
Operation
1, *
known as
announced
promoted- to -General
tendent
the
that
appears
April
due
Colonel Sosthenes Behn, President of I.T.&T.
by
and
The
Duggan,
F.
■
to SEC
offer
an
owned
now
operating revenues..!
Gross
Wayne A. Johnston, President, on March 17 announced the election
Vice-Presidents and two other promotions of executives.
.
■Charles
10%
stock,
subject
Such
Act.
additional
mechanical
arrange
maint.___
&
Electricity
Radiotelephone Service in Brazil—
of- three
stockholders,
28.8'/
or
Kansas City Power & Light Co.— -Income
:..///'■' '.."/./.■:/';
installment of
be
was
officers
urer,
.Officials Promoted—
v
capital
!12 Mos. Ended Dec. 31—
6,854,353
4,088,398
to
161, p. 988.
Total
after as
maturity is '
organization. rThe corporation is owned jointly
subsidiary, International Standard Electric Corp.
a
other
23,947,125
4,310,745
Net ry. oper. income---
33,612,959
12,258,186
from railway
NCt
34,780,832
combined
about
income
Net
—V.
annum
accordingly
^ .!// //.v..'/'!
Vice-Presidents; Paul F.
railway---
from
per
//:'■
Telecommunication
the
M.
the
and
1—
the
equal
//->:,•
semi-annual
a
will
Securities
company
of- Federal -Telephone
of
Sullivan's
Company
whatever
oper! earnings-
payable April
accruing after
available to make
of
they will afford
.
1945
1944
1943
1942
$17,158,244 $17,011,230 $16,589,560 $12,006,887
3,727,738
6.099,910
5,619,741
6,158,806
1,803,590
3,168,719
1,963,905
.2,185,334
February—
and
income_„_—.—
Total
.
The scientific!
exchange of
inventions and closer coordination of.I.T.&T.'s world-wide electronic
research work, including advancements in radio, television, and other
branches of the communications arts and the aids to aerial navigation
"
Gross
27
of
man
$3,048,874
of
other
to
shares
taxes
Total
Paper Co.—Sells Two. Newspapers—
this
by
corporation
$1,400,120
—
offered
-Net
of'!
reimbursement
and
New $2,000,000 Scientific UniW
2,205,537
2,060,509
would
/
any
Investment
53,800
Other
March 23 filed
for approval
on
■
that
$797,040
■... /;'.//;/
International
$5,254,411
been
the
earnings.
Fed.
for
Prov.
.
The
$2,435,221
&
excess
S. C., newspapers,
"The Herald" and ''The Journal/'
to a company headed by Smith
Davis/ New York and Cleveland, Ohio, newspaper financier, was an¬
r
accepted,
C.
Mass.,
of 6%
rate
interest
.
$5,025,392
exp.
State
a
International
Income avail, for fix.
.1
charges
/
his
amount
He-further
'
in
stated
the
International
6,36?
11,763;
in
-The -sale
$5,067,477
v
196,237
acquiring
Southern
oper,
Oper.
payment of $531,360, or 2/ out of the 3',« due, may be made
without, interfering with the conduct of these proceedings or cornpli-
-?
"Net ry. oper. income-" $2,325,669
semi-annually
' **
8,505,174
W:.
770,452
shares.
42,000
and
I.
A.
special
a
Period End. February—
payment,-on account of principal wafe made,, and they
in the amount of $26,568,000.
Interest accrues
no
trustee
1945.
that
1945—2 Mos —1944
1945—Month—1944
approval
npt have sufficient cash
$19,367,721 $20,591,702 $40,048,724 $40,950,023
12,764,909
13,188,463
26,479,744
26,606,920
revenues
Railway
exceed
and
in said debentures.
maturity,; although
represented by coupons.
aftce
*
•
in
trusts,
Gross
Pay ;
Would
—
{
.
.
trustee
District
before
interest
v,
System—
at
However, they
position as possible.
outstanding
payable
as
not
■/■/'The directors on March 23 declared ja regular-semi-annual dividend
of $1 per share on the outstanding 45,000 shares of $2 cumul. con v. :
partic. 1st preferred stock, par $1, and a dividend of $1.50 per share
oh account of accumulations on'the outstanding 31,600 shares of 2nd /
preferred stock, both payable May 1 to holders of record «fAprU 16. :
Following the above payments, arrearages on the 2nd preferred stock
Vill amount to $1.83 per share.—V. 1G1, p. 567.
Illinois Central RR.—Earnings of
of Sulli¬
purchase
of Sullivan.
NOTE-—For
.
fiAccording to the trustee, the debentures were due and
afe
Account of Arrearages on Second
on
seeks
tqxes as provided
1, 1944, but
'
the
sold—to
are
tendered
are
Express
order.
..
partial, payment of interest on the System's debentures.
'The trustee has.aPPlied for'.an orderiapproving payment of $531,360,
being two-thirds, of interest accruing to April 1, 1944 on .the outstanding convertible 6'/»/gold debentures of the System due April 1,
Hunt Brothers Packing Co.—Acquisition—
shaies
present
possible
of proposed
8,095
less
not
L.
Two-Thirds ?of Interest—
•
have
under
the
Other
270,740
194,083
f.
.$51,875
them
.
$419,689
^Exclusive ©f interestadjustment income bonds.—-Vr 161, p, 1203. r
.
offer to stock¬
an
from
purchase
outstanding capital stock.
Joy
proceeds received from the sale of Its
bought by Adams under such offer.—V. 161,
Mercer Lee, former Assistant to the Vice-President, has been elected j
Vjbe-Prasideht and''will be in charge of supply and inventory.—V. 161,
p. 1203..
V
:'
17,938
266,789
V
104,558 V
v
$401,751
V
$387,414
~
135,268
133,014
bonds_ ;V,V
r.li—
Deficit
$201,078
$175,489
♦Income -charges—
Int.-on. adj. inc.
shall
exemption
in i a, coftsulting capacity.
k
McCaffrey', former Second Vice-President, will succeed Mr. !
Holahan as First "Vice-President.
Mr. McCaffrey is also-a member of
the board of directors.
!
■
'
1
-,. W. E.', Worth, former. Vice-President in charge" of .supply and inven¬
management
V $370,207
;:. U 8,584 V.
','$166,905
contemplate
to
aggregate shall
Adams
stockholders,
include
years
the
78,000
outstanding stock
which
130,525 :
820,225
586,977
4
-
.
)
Co.
company's
further contemplated that Joy will purchase from Adams and American
International their entire holdings of Sullivan Machinery at the price
,509,032 y
4,653,225
tory, ha? been elected Second Vice-President to succeed Mr.-McCaffrey.
Operating income
Nop-oper. income......
full
of Joy,
up to $5,000,000.
;If Joy succeeds
./
1,269,182 / 1,547,620;
:
•
;
1,011,418
of its
predecessor companies, has ended his services as First Vice-President,
it was announced on March 18 by FoWler'McCormick, President, fol¬
lowing the meeting of the-board of directors.
Mr. Holahan will remain
member
of
the-'board
of
directors- and
will
be
available
to the
1945—2 Mos.—1944
.
$1,574,922
549,887*/ 1,204,715
587,939
taxes
&
expenses
$741,996
$754,844
Gross oper. revenues—
that
meeting on May 17, 1945, will be
asked to increase the company's authorized capital stock from 500,000
shares, $1 par, to 1,000,000 shares, and to authorize an indebtedness
$1 192,254
'v/
the
iJoy's
1942
$2,287,553
International Harvester Co.—Changes
on
Hudson & Manhattan RR.—Income Statement—-
Oper.
railway.—/
income!..
oper..
161, p.
provided
the
investment
March 26 j directed that the
common stock be quoted ex- the distribution of
tvjo additional shares
of common stock on March 29, 1945.
This distribution was to have
been
made
on
March
27,
1945 to common stockholders
of record k
March .22,
1944.
See V. 161, p. 1317.
' ,
\
.
• '■*
The
;
4,688,529
If
of
1943
-
'* /'•/■./
'
V
;
from .railway——
Net
shares.
1944
from
Gross
ino
for, .2,212,167
applied
listing
the
par), upon official
stock split up, making V
stock
of common
shares
of
number
Exchange
1945
From Jan. 1—
/
;
,
RR.—Earnings¬
railway
$2,192,566
$2,359,185
from railway-.^:- "W 541,818
757,033
ry. oper. -income-— -;V 277,013 ./! 285,181
Net
•
stock,
'/February—'
Household Finance Corp.-^-Listing of Common Stock—
t
of
stock, the remainder to be used for general' corporate purposes.
Joy and Adams, under the contemplated offer to Sullivan stockhold¬
ers, would retain the right.to take less than 78,000 shares of Sullivan
holdings
.International Great Northern
'
'
,
:
Rol^( Aircraft Corp. below—V..161, p. 880.
Of this amount, $6,936
1944.
30,
See
the bal¬
surplus
for renegotiation for the fiscgl year ended -
net settlement of $22,331
June
craft Concerns—
:
refund credit will be used as part payment, and
be paid in cash.
In 1944 the company charged to
post-war
a
^
$12,571 through renegotiation of war con¬
the fiscal year ended June
shares
78,000
1934.
Express Co.
Machinery
van
Holophane !Co., Inc.—Renegotiation Completed—
for
and Adams
Sullivan
apply all or part of the
stock—$2,450,000 if 100,000 shares
International Detrola Corp.—To
tracts
of
will
:
*
The Government recovered
Mfg. Co.
holders
payable. May 31 to shareholders
was paid on June
1 and Dec. 1,
1
.
Joy
de¬
share has been
per
1427
,
outstanding Keystone Printing Service
T,,
.
111.—Re¬
,
...
iT1,
of Libertyville,!111.,.
6'/ sinking fund gold bonds due Sept. 15, 1947, nave
been called for redemption on April 16. 1945, at 100 and interest. Pay¬
ment will be made at The First National Bank, of Chicago, successor
trustee, Chicago, 111.
(
first
mortgage
Kroger
Grocery
& Baking Co.
—
Special Offering—
Curtis made a special offer¬
ing on New York Stock Exchange March 27 of 8,000
shares of capital stock (no par) at $38V2 per share, witxi
special commission 50 cents.—V. 161, p. 1095.
j
Paine, Webber, Jackson &
>
<6
THE COMMERCIAL & FINANCIAL CHRONICLE
1428
Laclede
tion
Gas
coupon.
I
•
First
Corp.
associates,
and
were:
Allen
and
received
Co.,
The bonds
St.
and
1
fully registered in
multiples of $5,000.
authorized
in
or
the
notice,
will
also
Mellon
$4.38;
Co.,
&
Other
share.
a
Securities
Bonds
be
will
redeemable
of
os
payable
^as
erties,
accrued
bonds
of
as
interest
of
in
each
Serial
6%
The
(4)
of
mation
(i)
of
the
Ogden
the
of
consummation
of
Manufacturers
Trust
Co.,
follows
principal
Redemption
Stuart
Inc.——
The
payment dates, as follows:
(at
if redemption be made out of
funds of the company, at principal amount of such debentures
and accrued interest thereon to the date of redemption and
(b) if
redemption
from
be
made
company's
accrued
for
maturity
of
the
each
said
has
Company
proceeds
entered
''7vV;7,-. 7^7:.7-7'
into
purchase
a
contract
National
debentures
Bank
the
at
of
St.
principal
Purpose—Proceeds
from
Louis,
amount
the
sale
to
agrees
of
the
company
as
Entire
(a)
plan for
follows:
issue
payment
of
of
the
bonds
new
outstanding
and
the
refunding and extension mortgage 5%
bonds, due April 1, 1945, at 100
(b) Entire issue of 1st mtge. coll. and refunding 5'/2% gold
bonds, series C, due Feb. 1, 1953, at 100
(c) Entire issue of 1st mtge. coll. and refunding 5V2V0 gold
bonds, series D, due Feb. 1, 1960, at 100
&
Co._
"
assets
'
Co.—New Vice-Presidents,
Vice-
of
5
March 28 placed its
on
basis
cents
161,
with
the
a
share,
1096.
p.
stock
common
declaration
payable
of
April
to
on
regular
a
initial
an
30
quarterly
holders
of
record
The
650,000
Otis
M.
Paine,
650,000
Inc
&
Co.—
400,000
Schoellkopf,
400,000
650,000
400,000
&
Co,__________
D.
Jones
Co.
Hutton
I.
Stix
and
M.
&
150,000
Spencer
Wertheim
Ogden
by
for
or
the
Corp.
of
account
part
a
as
investments
in
of
of
the
new
with
the
the
200,000
Co
&
Trask
150,000
Co
&
Jt.
650,000
i
increase
the
6,000,000
of
authorized
shares
no
without
authorized
par
service
Alexander
contracts
v
.
with
the
exps
taxes-
for
,
1
V':'o
1
'7V-; '..
1945—2 Mos.—1944
$1,576,946 «9>$3,640,454
1,005,545
1,919,905
261,300
953,600
961,838
.
Benjamin
cdmpany
•.77V.""'! 7-;
■
1945—Month—1944
—_
com¬
Nicholas
Ry.—Earnings-
$1,897,469
revs
with
Lichtman-and
connected
7
V'-'"V:'*' '•''7-VW ;'-7-v' ''7'
_
income
facil.
—V.
527,000
$3,390,G43
1,978,766
746,300
76,976
76,066
155,666
150,843
$331,655
$234,036
$611,284
$514,734
rents
(net
59,249
56,104
106,963
113,182
10,389
8,150
21,651
7 17,148
$262,017
$169,781
$482,669
$384,404
Dr)
rwy.
inc
oper.
161, p. 990.
Louisiana Power & Light
100,000
are
The
issued
were
not
being
shares
to
offered
sold
by
utility
Company
were
program to dispose of its public
with the Public Utility Holding
1935.
to
to
shares
presently
been
1319.
Period End. Jan. 31—
stock
and
company.
shares
650,000
its
accordance
Mannix,
taxes—
Net
100,000
Co.
Co.
&
common
plan
is
personal
have
p.
Rwy. oper. incomeEquip. rents (net Dr)_
650,000
Woodard-Elwood & Co._
2,165,296 shares of
Corp. in accordance
Ogden
Other
Offering of Common Stock
A
The
additional
150,000
Stokes
150,000
two
&
CO
Walter
Federal
650,000
______
Simon
&
J.
who
161,
Period End. February—
150,000
Inc.
Schwabaeher St Co
200,000
Co.
&
Pomeroy,
650,000
Weeks
Rothschild
300,000
which
approved
Edgar
executives
Rwy. oper.
Rwy. oper.
100,000
L.
for
voted
4,000,000
the
Louisiana & Arkansas
650,000
F. L. Putnam & Co., Inc.
Reinholdt
& Gardner—
of
none
also
'aH7,7.■'
400,000
F.
stock,
also
from
eliminate
to
years.—V.
many
•
Jackson
_-i_—
shares
common
and
Schenck,
Thau,
150,000
Co.—
Co.—_
„
&
M.
400,000
&
&
stockholders
meeting
of
value
Certificates
held by them, will be mailed to
stockholders
1S45.
Stockholders will not be required to ex¬
present certificates.
Stockholders
H.
Payson
stockholders.
outstanding.
After the split-up there will be a total of
5,055,327 shares of
mon
stock, without par value, outstanding.
650,000
Curtis
the
At
the
their
change
150,000
200,000
Securities
9,
number
$650,000
&
Webber,
M.
share
May
preferred
650,000
Torrey
each
or
as
Louis
Co._
&
for
about
stock
on
company):
Co._
Cook
Newton
of
of
Pierce,
St,
Milwaukee
Newhard,
E.
Co.
Parsons
Common stock of this company will be split on a three-for-one basis
April 9 in accordance with a plan adopted on March 29 at a
special
on
the
are
________
100,000
Co.
Act
the
•'
Loew's, Inc.—Stock Split-Up Approved—
7
consum¬
Beane.
Co.
Laird, Blssell St Meeds-
5,500,000
annual
April 20.—V.
par
the
Lynch,
Metropolitan
Co.,
the
17,500,000
action, but to conserve
chest.''—V. 161, p. 989.
war.
-
corporation
dividend
prop¬
400,000
Hirsch
$9,246,000
.
after
underwritten
with
Fenner
650,000
Inc.______
Burr,
&
Graham,
.7 7777
„
plan
bonds
affiliated
■'
•
of
gold
electrical
The
20-eent
of
principal underwriter and
Merrill
Corp.
serial
debt 'of
the
the
100,000
Hornblower &
the effective
on
funded
&
Republic
&
of
new
$5,900,000
Bond
Co.,
Edward
debentures, together with other funds will be employed
date
is
Co.,
Hayden, Stone St Co
serial
the
thereof.
each
the
Hallgarten & Co._______
Mercantile-
purchase
of
purchasers
Co
Equitable
Commerce Bank & Trust Co., St. Louis, Mo., providing that such bank,
acting for itself and for Mutual Life Insurance Co, of New York and
Boatmen's
of
name
(Inc.)
Cohu
'<7-:-;77'77^777
with
&
Coffin
date
debentures.
&
Central
at
to
date
100,000
Bankers
Blair
of refinancing or other than
principal amount of debentures and
of
redemption, together with a
of the principal amount of the debentures to be
year, or any fraction thereof, prior to the stated
funds,
thereon
premium equal to
redeemed
from
own
interest
such
&
Adams
Bioren
the
of
distribute
Lincoln Park Industries, Inc.—Initial Dividend—
;
a
limitation
might
company
W.
Thompson and
J.
N.
Wellman
have
been
elected
Presidents and H. E. White as Treasurer.—V.
161, p. 1205.
of
amounts
Inc.
in¬
on
of
(none
Halsey,
terest
minimum
a
to
such
Liggett & Myers Tobacco
company;
(subject
take
to
"sort of future
a
meeting
Purchasers—The
respective
J7.',;:S77
7'7'''
trustee.
York,
New
:7
%.y
of the
B,
Electric
the
G.
which
Ballou,
-7
common'stock
its entire holdings in the new common
Ogden Corp. will receive as a result of
reorganization of the company.
the
clusive.
■
and
Laclede
and
effective
Corp.
company
A, C. Allyn and Co., Inc.
7iH;;
of
as
■, -
sale;
by
Sale
stock
company
notes, series A
share
directors
or
received
-•
$6,175,000
the
of
as
has placed
privately $3,000,000 3Vs% serial debentures, dated March
1, 1945 and due serially $300,000 each on March 1, 1948
and 1949 and $400,000 annually March 1, 1950 to 1955, in¬
,7:
outstanding
whether
manage¬
ment
common
the
case,
Debentures—The
new
< v.
the cash proceeds from the sale
Electric
Bond
of
presently
of
stockholder
a
Payment
Laclede
regular redemption premium being 5 '/a%; bonds
through operation of the sink, fund or main¬
cash;
in
after
(h)
improvement fund or by the use of proceeds of released
the initial special redemption premium being 2>/8%; plus
Sale
of
share
one
discharge by Laclede Electric of its liabilities;
by Ogden Corp. to the minority holders of the stock
Laclede Electric,
upon
surrender for cancellation of such
stock,
a
cash amount equal to their pro rata share in the
net assets of
$5,000
and
property,
share
7
limitation
$5,975,000)
part at any time prior to maturity, on at least 30 days'
initial
each
:
$905,000
maximum
be redeemable
tenance
of
of
company
The
$2,000,000 collateral trust
(3)
company
place
pari;
the
by
by
accruing from its holdings of 700,000 common shares of National
&
Light Co. when the latter company makes a liquidating
distribution. Mr. White said it was not the thought of the
Power
issuance by the company of 2,165,296 shares of new com¬
mon
stock to Ogden Corp. in exchange for;
(1) Surrender of 5,345
shares of preferred stock and 90,466 shares of common stock of
the
company owned
by Ogden Corp.;
(2)
Surrender for retirement of
New York and
registeralbe
option
at
in
(g)
bids
Blyth
Corp.,
denominations of $1,000,
Coupon aiftL registered
and
interchangeable.
whole
$4,44
of
Barney & Co. and associates, $3,751.
dated Feb. 1, 1945; due Feb. 1, 1965.
Interest
are
principal,
and
a
bid
a
Questioned
assets
.
issuance
($100
a
Aug 1 at office or agency of company in
Coupon bonds in denomination of $1,000,
Louis.
to
on
Inc.,
The
stock
Smith,
Inc.,
Feb.
awarded
was
for
and
issuance
.
3Va% coupon;
Smith, Barney & Co.
100.04
Securities
stock
3Vu%
a
'
Corp., Blyth & Co.,
and associates, 100.51 for a 3%% coupon.
The
bid of 100.52 for
a
recefved, viz.'. Lehman Bros., Goldman, Sachs &
were
Boston
Mellon
on
.
Two other bids
Co.,
and
awarded March 19
first
C
The
(f»
$19,000,000 first mortgage bonds, 3l/z% Series due 1965
and 2,165,296 shares of common stock.
was
series
(e)
of
The bond issue
and
mortgage collateral and refunding 5>/a%
gold
D;
by the company of 14 shares of new common
stock (par $4), in place of each share of presently
outstanding 5%
cumulative preferred stock
($100 par), and all unpaid dividend accumulations thereon;
'.v."
7
' 7 V
bonds,
issue of March 26 of the offering
our
bonds
gold
Light Co.—Offering of Securities—Men¬
made in
was
Monday, April 2, 1945
Operating
Operating
Other
$1,251,770
expenses
taxes
Federal
584,945
ret.
1945—12 Mos.—1944
$1,107,255. $13,543,700 $12,669,058
577,258
6,638,196
6,773,540
152,712
1,550,841
1,767,311
290,005
—
taxes
Prop.
Co.—Earnings—
1945—Month—1944
revenues
71,971
142,000
67,658
810,631
766,690
135,953
1,712,876
1,290,429
$162,849
$173,674
$2,831,156
$2,071,088
606
1,698
8,431
141
$163,455
$175,372
$2,839,587
$2,071,229
78,328
100,840
1,717,283
1,219,776
$74,532
pfd. stocks for period
res.
$1,122,304
$851,453
356,532
356.532
approp._
'
,
Total
A
be
employed
proceeds
follows;
_
of
for
the
<a)
—
statement
the
—
approximate
of
sources
payment of outstanding funded debt,
the sale of the new bonds and serial
funds
other
to
are
(b)
to
Union
Laclede
sale
to
Electric
Power
Of
&
Co. of
Light
Co.'s
electric properties
share
proceeds
Lehman
The
J.
be
S.
J.
Boston
Bache
Ball,
(e)
under
Amount
7
under
(f)
mortgage dated
1,
1919
dated
April
1,
Total
■
—
__________________________
Funded
Debt
and
Authorized
mtge. bonds, 3VZ% series due 1965
3 '/#%
debentures, due serially March 1,
1648 to March 1, 1955_____
stock
"•Except
...
set
as
to .be
are
($4
par)_
&
forth
issued.
;
in
the
....
.tPursuant to the plan (a)
will
be Issued
making
be
total
a
Common
for
stock,
issued
each
of
for each
(b)
such
shares
$10,246,000
of
the
Co
new
in
exchange
common
7,
,,
stock
the
city limits
active
for
stock
,
the
old
(par $4i
will
the
menced
business
in
an
of
business
power
operating gas utility engaged in business
City of St. Louis, Mo.
Company com¬
1872, and one of its predecessors
consists in the manu¬
to public of
gas for light
heat
also includes the sale of
coke and
business
other
residuals derived from the
merchandises gas appliances.
mixed
manufacture
St.
the
Louis,
Mo
general
system
-
of
Company
gas.
to substantially
number
of
industrial
also
gas
all
of
its
customers,
customers
who
city
limits
of
gas
from
out
of
the
State
C°'' Wh*Ch company is
Plan
f,rtCo["pany (together
filed its
Co.
oS
of
are
into
the
City
as-oT
"l,
1941
a
subsidiary of North
and Laclede Power & Light
of Aug. 1,
1941, with the Securities
as
Commission of Missouri"
hVavreTa„a med.mCntS '° ^
provides. among other
things, for the following
Co
trans-
'0a'^e saleCo. the
by
& Power
company, Laclede Electric and Phoenix Lieht
(an inactive
subsidiary which will be d'ssnlvprf nnnn'
consummation of the
plan), to Union
Co
Heat
a
base
cash
Electrfc
price
of
cost
py
charging
the
books
fhe Sjfc
of
$8,600,000, subject
$2^200,OOo';0mPan^'S Share °f the
(b>- Restatement on
be owned by it
upon
to
proceeds from the
of
the
certain
transfer
will
Webster
222,000
;
at
the
interest thereon
held
of
the
of
nmnprHoc
$16 981 960
161,
1319.
p.
Louisville
Transmission
Corp.—Redemption of
The corporation has called for
redemption on May
operation of the sinking fund, $133,000 first
due March
1, 1967
(Nos. RM 557
to
1,
Bonds
1945,
through
mortgage sinking fund
639, inch), at 101.32%
RM
interest.
Luscombe Airplane
Corp.—To Erect New Plant—
The corporation has bought a tract of
about 500 acres of level farm¬
on which to erect a
modern aircraft factory and
develop
a
complete new airport, it was announced on March 15
by Leopold
H. P. Klotz, President.
'- i,
■
- >
Utilities'Co.
Northwest
has
requested
par)
SEC permission to sell
stock it holds in Lake Superior
asked
the SEC to rule on
its
common
The
applicant
declaration
at about the same time that a registration statement "to
by Lake Superior District Power Co. becomes effective with
respect to a public invitation for competitive bids on 133,500 shares of
filed
be
its
stock."
common
If
the
sale
is
,
consummated,
Northwest expects
additional shares of
proceeds to the purchase of
Wisconsin Power & Light Co.—V.
to
apply
common
"
161, p. 2297.
the
net
stock
of
Lake Superior & Ishpeming
77-?/.7;7*:
February—
•,
from railway
from railway—
RR.—Earnings-
1945
1943
1944
1942
Gross
$39,201
$39,968
$34,514
$39,473
Net
"60,159
"•64,263
"68,695
"53,066
"'74,647
"'SO,369
84,695
only company to have achieved volume production of
all-metal
the Luscombe firm has acquired this
$100,000
permit
sion
tract
further expansion
all-metal
elements
development of
of
its
for
facilities
combat
ry.
income
oper.
for
and
unique peacetime
maintenance and general
manufacturing,
war
production
of
to
preci¬
other
military aircraft, and
personal flying center devoted to
a
operations.
A
small
factory
recently leased in Dallas, Tex., will be utilized
immediately for stor¬
age and assembly operations.
"The expansion in Dallas
supplements expansion in Trenton, N.
J.,
where the company recently leased another
factory to give its three
manufacturing units in that city.
During February, Luscombe deliv¬
ered the largest volume of war products in
its history with the rate
of production increasing
substantially each month,"" Mr. Klotz said.
The Texas site already has been
approved by the Civil Aeronautics
"71,583
Net
-Iv-M
,
The
lightplanes,
Administration for development into
Mack Trucks, Inc.—New
Gross
from
railway
80,677
railway—
"125,673
income—
"155,865
"Deficit.—V. 161, p. 989.
Net
principal
79,067
oper.
74,052
76,911
"132,878
"134,068
"117,947
Mack
"169,662
from
ry.
"166,940
"155,921
C.
an
airport facility.—V.
161, p. 311.
variety
company
intent
to
shares
of
with
sell
common
two
principal
any
new
The
(5
the
&
10c)
regional
stock.
The
stockholders
of
store
chain,
office
stock
the
of
will
be
company
has
the
filed
SEC
sold
for
and
a
notice
covering
does
the
of
7,350
account
not
of
represent
financing,
was
formed in : 1933 and
operates stores in New
and other communities within a radius of approximately
the Grand Central, area of New York City.
Public offering of these shares will be made
by a banking group
consisting of First Colony Corp., Childs, Jeffries & Thorndike, and
company
City
miles
25
Syle
and
:."v
The
Renegotiation—
of
no
renegotiation
effect
for
that
net
income as
"ib-J1
on
and
consequently the
reported.—V. 161, p. 208.
year
amount
In
for
26
the
at
production
Fullerton,
Pa.,
of
the
new
according
to
is
J.
1945
1944
1943
$561,371
$493,095
211,303
165,433
155,246
Net
ry.
49,820
124,528
102,616
106,425
Mack
to produce the 41when mounting
passenger
ago
the
made
need
for
•
new
equipment
■
..
continuing
civilian use and the company has raised its
production totals
the enlarged needs of the armed forces.—V.
161, p. 312.
has called
outstanding
10-year
interest.
and
100
Morgan
161,
for
2V2%
redemption
sinking
Payment
Co., Incorporated, trustee,
on
fund
will
May
made
at
23 Wall St.,
1205.
p.
1,
1945,
debentures,
be
$300,000
due
the
May
office
New York
N
1
of
Y
».•
v
$433,117
66,067
months
Allentown, New Brunswick and Plainfield, N. J.
its
heavy
schedule
of
trucks
for
Army and
at
P.
1942
$417,337
authorized
vehicles
.•
corporation
its
—V.
from
Board
weary
(R. H.) Macy & Co., Inc.—Partial Redemption—
The
1952,
Net
Production
road
its other plants at
to meet
of
■:
from
railway
railway——
oper. income.;
whirh
thereof
plant
March
imperative,
settlement
Lehigh & New England RR.—Earnings—
February—
on
transit buses several
and
essential
corporaij&rv'has
.
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway—
railway
oper.
161, p.
income
Manville-Jenckes Corp.—Stockholders
Transfer
certain
822,109'
1,045,283
930,396
814,778
ferred
125,700
366,380
289,734
258,613
had
89,456
215,216
184,400
177,800
on
during
1319.
of
stock
not
the
a
16
next
weeks.
two
March
share
16
for
the
at
the
Manville-Jenckes
rate
common
*
.
Accept Offer
of this corporation to
.Textron, Inc., was
when _95%
of the company's common
of
$55
a
stock.—V.
pre¬
Stockholders who
opportunity to do so
stockholders received
share
161,
made
and
had accepted the offer of Textron.
accepted the offer will be given an
yet
$11
control
March
payment >on
and
p.
for
the
preferred
1096.
*
Lehigh Coal & Navigation Co.—Outlook—
°f "9'000'°00
to the effective date of
the
War
passenger
totals
Mack
completed renegotiation of war contracts for the
year ei)'ded Oct. 31, 1943, resulting in a recovery by the Govern¬
ment Of $483,756/ and a cash
payment by the company, after taxes,
of $47,554.
The appropriation for contingencies was sufficient to take
care
$500,000
the
fiscal
had
a
began
President.
requisitioned
Navy two years ago and converted to the
manufacture of
dive bombers.
The one-story, steel supported
structure will
give Mack 73,000 square feet of floor space in addition to
54,000 square
feet in adjoining or nearby
buildings.
The building is expected to be
completed by mid-summer and mass production of the
buses, first
new
city-type model to make an appearance since before the
war,
should begin by late summer, it was stated.
by
i'l'.'UL";.
Lee Rubber & Tire Corp.—1943
The
of
buses
Ruhf,
torpedo
of
.
C41
T.
Factory for Buses—
VThe new structure, being built
through Defense Plant
Corporation,
partially compensates Mack Trucks, Inc., for the loss of its own
bus
plant, one of the most modern in the country, which was
(M. II.) Lamston, Inc.—Stock to be Offered—
The
Construction
\
refunding\nd extension
of
Payment will be made at the Harris Trust &
Savings
Bank, trustee, 115 West Monroe St., Chicago, 111.—V.
157, p. 1744.
Exchange has authorized the listing of 2,433,620
(par $4).—V. 161, p. 1319.
Co.
Gross
company
boids'p $SMSoaityel7ebr7.'deben0tTs"y
jPayment
discharge,
and
RR.—Listing of Capital Stock—
listing of 2,340,000
capital stock (par $50) which are to be issued in
exchange
1,170,000 shares of capital stock (par
$100) previously issued.—
for
V,
27,500
stock
common
Louisville & Nashville
5,000
and
Inc.
1319.
p.
The New York Stock Exchange has
authorized the
shares
and
($20
be
tSe pTan7t esUmaLTorlglnaj
consummation ol
surplus
with
the
amount
company's publicly
5,000
w—-
161,
bonds
Power
nriiiiJ?
a
other with accrued
the
Co
prop-
SieaTnfte1
Steif
,300,000°a8
relultT/K JI'LtotlSro^VwnTThe
monTtoVto'^ 06dedna5odrpC;mm°n St0<* and "" 'S5Uance °' new com"
of
&
Blodget,
shares
the
Mo
n
ertiesjfor
Stone
District
°r'g",al Plan dated
th^ transactions contemplated by the plan is the sale by
iwt
Laclede Power & Light Co. to Union Electric Co. of
Th! nfan
Properties how operated by Laclede Power & Light
actions:
27,500
&
C.
Lake Superior District Power Co.—Shares to be Sold
The
York
with Ogden Corp.
4ngeiQ4immvSi?n and Wit? the P' S'
Aug
Hop-
Roney & Co.——
Stifel, Nicolaus & Co., Inc.
133,500
of
Reorganization
original plan dated
Sent
•
the
®ddiJion
Co
27,500
wood
Prescott
applicable
—V.
&
Co.—_
&
$85,127
22,000
222,000.
-a.——
Net
the
iln
to selling natural gas to the company,
makes direct sales of
natural gas to certain
industrial users.
St. Louis
County, a suburban area
surrounding the City of St. Louis on- the
western bank of the
Mississippi River, is supplied with
gas by the
American
Jaffray
&
'
.
land in Texas
City
a
gas distribution system
designed .to supply
Mississippi River Fuel Corp. has a
pipe line
bringing natural
moifOc01rtiS^ntn
Ross
charges
income
Divs.
11,000
Piper,
Wm.
Net
From Jan. 1—
with
public.
110,000
Co.
Miller
_______
•
with
the
exception
of
a
furnished with
straight natural gas.
Company is the only company within
of
C.
Co.
&
.: CO..
11,000
—
The New York Stock
Company's business
The
Company distributes
Lunt
5,000
Marks &
income
Interest
100,000
Ripley & Co.,
shares of
com-,
1842.
purposes.
&
R.
Mullaney,
' 27,500
11,000
L
&
:■"
/
(net)____
222,000
the
in
facture, purchase, sale and distribution
and
E.
11,000
Co.
?'■ Inc.
(par $4)
(par $100),
23,330 shares of outstanding
preferred
making a total of 326,620 shares of new
common
stock issued
exchange for the outstanding preferred
stock, or a total of 433,620
shares of new common stock in
exchange for the outstanding common
and preferred
stock, and (c) pursuant to the
plan, 2,000,000 shares
of new common stock
will be issued to
Ogden Co,q>.
Company-Company is
&
M.
Marshall
W.
Co.„
Co._
Maxwell,
11,000
Co
Harriman
stock,
within
Hamlin
'*
in
menced
&
Lyons &
Laurence
72,796
bonds
new
stock
common
common
shares
of
which
,
new
outstanding
of
14
share
of
under
,
share of
one
share
107,000
and
mortgage
*
•
Collins
L.
&
Corp._
27,500
Clarke & Co._
W.
Peabody
Higginson
22,000
Kraus
&
W.
222,000
A. G. Edwards & Sons—
27,500
Farwell, Chapman & Co._
27,500
3,000,000
2,433,620 shs.
7,133,620 shs.
income
'
Listing of Common Stock—
$3,000,000
__
Net oper. revenues.
Other
by each
7
22,000
—
Company
Courts
230,635
7/; Outstanding
$19,000,000
"Unlimited
underwritten
No. of Shs.
Kidder,
Lee
Eastman, Dillon & Co.
Capital Stock Upon Consummation of Plan
1st
tCommon
Julicn
461,365
—_
&
Richard
C;777'<v77
trustee
as
1904—
funds
stock
222,000
Corp
Harden.
&
Bradford
Burr
274,000
*
deposit with Bankers Trust Co.
on
mortgage
Treasury
Feb.
principal underwriter and the
222,000
Co.__
CO
&
Weeks
Burge
C.
&
—_
trustee
each
common
222,000
Sachs
First
Baker,
Mo.
paid to the
company——___________6,175,000
(c) Payment by Ogden Corp. to
company—,..—
905,000
(d) Amount on deposit with St. Louis Union Trust
Co. as
.
of
1'
Brothers
Goldman,
from
of
of
name
shares
No. of Shs.
$2,200,000
of
of
Gross
debentures,
Mo._.
to Union Electric Co.
number
follows:
as
than
Company's share of proceeds from sale of electric prop¬
erties
Purchasers—The
respective
and
the
from
Stock
$32,246,000
—,
amount
Robert V.
White, Piesident, told stockholders at their annual meeting,
27, that while unusually severe weather affected rail¬
and production early this year, they could look forward
to¬
hold
on
plan"
road
oDeration
to
good year.
mortSgeP 5 5
a
March
(
Marshall
Mention
ing by
a
Field
was
&
Co.
made in
nation-wide
—
Preferred Stock
Offered
issue of March 26 of the
offer¬
banking group headed by Glore
our
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161
rate
would be reduced from 5%
to 4%
as
of May 1, 1945.
No change is to be made in the terms of the conversion
right, re¬
demption price, liquidation price or the voting rights of the preferred.
The conversion
rate,
until Jan. 1, 1950, is 2Vs shares of common
Forgan & Co., Lee Higginson Corp. and Shields & Co. of
the unexchanged portion
of 150,000 shares of 4*4%
cumulative-preferred shares (par $100)
at $104 per
share and accrued dividends.
Further details are given
stock
for
-
«
stock
public
offering
proposal
the
followed
pursuant
the
liquidation,
plus
to $100 per share,
diyp.
prior
,
preferred shares upon
York
the New
Effect
Giving
Capitalization
and Chicago
bonds,
3%; due 1945-1964
1st
3.6
shares
Common
*An
..
par)
(no
t300,000 shs.
.
will
which
$450,000
t
of
these
top
150,000 shs.
*
•
several
&
Goldman,
—
Ripley
Co..
&
!
Paine, Webber,
& Curtis
Wisconsin Co.
Ames, Emerich
of
3.667
3.000
Central Republic Co., Inc.
3.000
3.000
3.0CO
Kidder, Peabody & Co.—
Stone
&
Webster
and
C.
the
3.000
—
3.000
2.333
Securities Corp.—
Blair
Clark
&
Dodge
&
2.333
Co
2.333
Co.-
2.333
Eastman, Dillon & Co
Harris,
Hall
2.333
Inc.
& Co.,
2.333
The Illinois Co.—
McCormick
Kebbon,
total
&
Co.
2.333
,
6% Issues—
Dec.
finished
stock.
furniture
furniture
3 Months Ended Feb.
28— /i
/
.
dividends
and
certain
total
Interest
—:—
—
sales
of 35%
the
During
accounted
manufacture
———
for
and
17%
to
11%
*3
months
Net
included
Feb.
ended
income
above
for
1,
and
Adjusted
fund
total
to
Give
stock
debentures,
stock
pfd.
pfd. stock
($38,989)
included
in
and
Effect
$750,000
(2)
of
($50 par)...
Net
needed
to
Assets,
28,
*1944
$115,977
683
to
the
additional
5,911
$99,054
has
President, and Mr.
Montgomery a board
board and
G. Montgomery
executive com¬
the
timber
other
It
companies
will
be
of
used
in
with
estimated
U.
its
the
a
Shoe
dividend of 35 cents per share qn
Corp.—To
ferred Shares—
The
stockholders
•
at
a
Reduce
Dividend
on
the
S.-
of
range
war
$600,000
entire
amount
■/
which
the
special
meeting April 24 will vote on
a
243,138
161,149
110,523
53,704
115,020
57,354
990.
{1945
{1944
tl943
11942
$1,519,295
$2,197,719
524,532
$3,277,290
$2,717,003
*7,762
815,032
615,295
*4,527
from
ry.
railway
railway—.
from
364,592
498,754
329,748
income
oper.
''W..
From Jan. 1—
Gross
from
Net
fy.
*Deficit.
tlncludes
Ry.—V.
Minnesota Power &
expenses
Other
Amort,
Light Co.—Earnings—
Net
and
$8,961,486
$9,316,789
174,510
132,224
2,232,424
1,735,760
2,330,368
*161,787
80,128
75,623
874,566
936,498
62,500
62,500
750,000
750,000
577
577
6,930
6,890
$289,409
$259,949
$3,361,806
$3,500,009
—
res.
*
approp..
limited-term
of
revenues...
oper.
to
1,136
744
14,045
r.6,681
$260,693
$3,375,851
$3,506,690
134,394
134,972
1,616,889
1,553,321
$156,151
$125,721
Divs, applicable to pfd. stocks for period
$1,758,962
985,535
$1,953,369
income
Interest
Net
charges
income
—V.
161.
1096.
p.
•"
.
Minnesota Transfer Ry.—Partial
There
of
14,960
pro¬
the plan holders of
the annual dividend
have
taxes
Federal
Other
Net
Ended Dec.
31
Net
1943
1942
Redemption—
—V.
.
2,172,129
1,768,604
1,583,894
$2,317,918
$2,554,200
135,463
120,702
68,887
$2,438,620
146,382
90,259
$2,623,087
102,664
$2,631,989
$2,348,360
$2,520,423
1,460,000
1,230,000
1,395,000
270,000
340,000
336,809
20,000
30,000
$881,989
$748,360
163,272
163,272
104,420
104,420
—
■
—
cost-plus-fixed-fee
under
deducting
tAfter
post-war
1944,
for
Balance
and
hand
on
at
indebtedness,
with
Dec.
and
fee
$166,000,
and
col¬
$6,000
credit
2.343
$155,368
$2,450,185
$1,,552,743
sale,
at
cost-plus-fixed-fee
in
not
excess
and
accounts),
subcontract
war
of
$1,810,-
(contra),
amount^k^'260;
realizable
•
payable,
$491,213;
demand,
accrued
to
items,
'
due
in
stock
par),
($50
$9,600;
par);
York
Stock
shares
of
1945,
subsidiary, $35,000; accounts
$512,107; provision for taxes
$177,000;
$3,252,000;
stock
7%
cumulative
debentures
preferred stock
capital surplus,
par),
$417,681;
total,
$12,893,924.
Exchange has authorized
44,880 additional
reserved
for
Issuance
convertible
first
first
shares of
upon
927.752
$624,991
period—.—
266,856
400,893
-
-
1945
1944
1943
1942
$253,616
$232,226
$191,876
119,160
96,538
82,325
income—
35,049
112,226
36,774
19,542
39,301
railway—i
520,939
512,516
498,073
408,652
railway..—
218,920
216,737
232,535
182,760"
69,647
72,987
60,785
from
:
Net
from
Net
ry.
—V.
the
preferred
preferred
5%
the
of
listing
stock,
stocl^
common
exercise
stock,
oper.
161,
income
Missouri-Kansas-Texas
revenues-—
4,610.649
for
1945—2 Mos.—1944
$5,870,960 $14,074,081 $12,122,625
4,085,740
9,543,551
8,317,247
$6,856,129
expenses-
avail,
Income
RR.—Earnings—
1945—Month—1944 "
Period End. February-
Operating
Operating
86,325
1096.
p.
fixed
1,389,,591
1,451,024
714,432
244,461
421,'739
517,975
$504,200
—
649,964
210,232
charges
$405,504
$967,852
$933,050
'
charges—
income——
Stockholders' Group Advances Plan for
ferred Shares for Bonds—
the
5%
($1
of
cumulative
par),
conversion
cumulative,
14,960
and
..—
Trading Pre¬
/
*
f
committee has advanced a pl^in to
change
the company's
capital structure by offering participating
income bonds in
exchange for preferred stcck.
Owners would trade
100 shares of preferred stock for a $5,000 bond.
About 660,000 £hares
of preferred stock are outstanding, with dividend arrearages on; them
stockholders'
The
Charles
about
to
amounting
A.
protective
$60,000,000.
attorney
Moreland,
.
for the
committee,
made public
.
the
proposal in behalf ol Marvin D. Adams, the committee's President.
Mr.
Adams's committee has mailed proxies to stockholders with
road,
basis.
Mr.
plan
SEC,
a
a program
to overhaul the capital structure
reduce fixed charges and place the companv on a current,
Morehead pointed out that it would be necessary fdr the
support' of
for
request
to be approved bv the Interstate Commerce Commission
as well as by owners of 75%
Of the preferred stock.
and the
liabilities identified with
($1
convertible
],023,122
$1,427,063
$259,557
of the
$2,482,027;
common
earned surplus,
90,443
$64,925
stock for
to pfd.
From Jan. 1—
invest¬
i;,'
income (after $2,050,000 tax anticipation notes), $35,338;
payment
•
railway-
ry. oper.
deposits, $1,210,459; U. S. cer¬
(approximately market), $200,000;
total, $12,893,924.
fund
60,676
'
1320.
Net
demand
cost
and miscellaneous securities, $207,913; install¬
arising from sale of cut-over timberlandaHfriutL $25,747;
refund of excess profits tax, $327,000; cut-over, timberlands
par),
$1 ,550,400
7,942
I.
in
the
$2,442,243
538
railway—.%—
from
Net
cost-plus-fixed-fee war subcontract (contra), $241,056; 3%% "sinking
fund
debentures, $2,323,000; reserves, $86,966; first 5%
cumulative
of
$154,830
1,041,269
$86,358
charges
from
31, 1944
joint venture
Liabilities—Note
are
931,000
$147,034
applicable
Fixed
subsidiary, at cost, $125,000; land, buildirig£;jafid equipment
(net), $3,691,284; timberlands, timber, and timber ciittjlig rights, at
cost, less depletion, $360,152; prepaid expenses and:'deferred charges,
($50
743,618
732,000
910
income
161, p.
Gross
for
U. S. certificates of indebtedness, at cost,
of timber holdings and plant, $1,250,000;
expansion
identified
Sheet,
for doubtful notes
(after allowance
for
subcontract
refunds of
respectively,
*
notes
New
697.896
61,000
Missouri Illinois RR.—Earnings—
163,272
167,072
income—
inventories, $3,062,164;
The
1,080,030
78.498
$146,124
revenues...
February—
$770,423
—
...
tax——
costs
appropriated
($100
193,309
61,000
-
18,191
—
taxes
on
of
$2,830,937;
265,996
78,074
approp.
t
Consolidated
preferred
1945—12 Mos.—1944
$1,031,561 $10,667,323 $10,068,645
543.924
5,715,154
5,802,358
555,108
19,205,238
'
$2,642,908
dividends—
$301,466;
t
on
1945—Month—1944
$1,106,302
.
income
Divs.
$23,343,332
dividends
post-war
redemption
income
Gross
23,637,073
1943 and 1942,
debt retirement of $133,000 for 1943.
for
for
.........
res.
oper.
Other
)
$2,778,371
thereon.
assets
called
taxes
ret.
Prop.
$27,723,595
1944
profit—
ment
been
Mississippi Power & Light Co.—Earnings—
Interest
.
before
$241,056;
986,675
y
June V, next, $19,000 of
first mortgage i3%%
coupon bonds dated June
1,' 1936, at 105 and
interest.
Payment will be made at the First Trust Co. of St. Paul
State Bank, trustee, St. Paul, Minn.—V. 161, p. 465.
underwriter and. has
Shares of convertible first
•
profit
$155,000,
425;
,
$290,545
20,245,120
profits
tificates
1,793,024
only
Income Statement, Years
and surtax..—
receivables
1945—12 Mos.—1944
$705,383
Othqr income
$25,060,157
Preferred
538,755
Wisconsin
168,362-
.
taxes
ret.
{Excludes
Ry.
$762,763
„
taxes
Prop.
Central
1945—Month—1944
revenues
Federal
1,177,605'
635,512
990.
Period End. Jan. 31—
Operating
5,624,791
1,216,517
809,761
Wisconsin
161, p.
Operating
4,506,229
1,133,246
6,357,997
56,339
3,296,844
oper.
Central
..
*50,458
railway——
railway...
income
from
Net
com¬
•,%,
the
charges
additional
posal to reclassify the preferred stock.
Under
preferred stock would retain their stock but
302,628
133,187
45,360
Period End. Jan. 31—
businesses in
is
profit
Common
Pre¬
•
the
.294,225
105,596
pro¬
Listing of Additional Preferred and Common Stocks—
Melville
30,271
271,687
p.
Net
amount
the
industry,
;
sales
taxes
State
sinking
Dividend—
the
common stock, par $1,
payable June 1 to holders of record May 21,
This compares with 25 cents, per share paid on March 1, last, and
in each quarter during 1944,
In addition, the company on Dec.* 1,
last, paid an extra dividend of 50 cents per share.—V. 161, p. 1320.
directors have declared
44,492
1942
as
investments
is
the
in
in
the
of
Moseley & Co.
'
Profit
on
The
fund
be
to
proceeds
company
warehouses.
reserves
S.
the
payable (trade),
member.—V. 160, p. 730.
May McEwen Kaiser Co.—Increases
51,258
27,423
February—
Gross
Vice-
Executive
$112,447
70,464
income...
Net
ment
Personnel—
elected
1943
$141,473
57,873
.
"Including
$1,350; accrued Federal income- tax,
$5,249; payable to broker for securities
been
1944
railway.
—_
Assets—Cash
Roth
Com¬
the
to
appropriated
additional
latter
sales
tExcess
1944.—
railway..—_
—
Consolidated
Total
Midland
24,
26,441
expenses
of
Oct.
on
$131,853
income
revenues
Otfrcr income
1945
Chairman of
Fraser A. Bailey has been elected President.
George
has been placed in the new post of Chairman of the
mittee.
Mr.
Roth had
been
President; Mr. Bailey,
P.
Commission
49,926
Operating
Operating
is
expenses,
Navigation Co.—Changes in
the
by
1945
open
161,
Gross
of $150,000 to $300,000.
with
'
.
held
William
80,000 shs.
at $784,124.64.
proceeds
net
been
make
the
as
preferred stock.
11,700
purchased—not' yet received, $24,749; payable for capital stock re¬
acquired—not yet received, $4,780;
dividend payable, $115,481; net
assets (based on carrying securities at market quotation)—equivalent
to $12.41 per share for 962,377 shares of $1 par
value capital stock
(exclusive of 299.3187/8 shares in treasury) outstanding at Feb. 28,
1945, $11,940,845; total, $12,117,131.—V. 161, p. 990.
Matson
the selection of Hamilton
five persons to serve on the
The board will hold office until
stockholders following the consummation
$128,643
Operating
underwritten
$12,117,131.
other taxes accrued,
of
railway
oper.
Gross
Tri'-X--
,
plans
Inc.,
possible expansion
is normally engaged.
*Net
of
Co.
the
of reorganization of Midland United and
railway
from
Gross
$2,500,000
80,000 shs.
estimated
are
of
(4) Other
■
directors
96 shs.
*
Liabilities—Accrued
Outstanding
$1,200,000..
pany
the designation
of
Midland Utilities
This Financing
to
417,681 shs.
heretofore
the range
such
board
approved
has
approved
has
of
lected
$24,676;
meeting
was
about greater {han normal depletion in the company's timber
Company is actively considering the purchase of timber
in excess of normal replacements.
It is estimated that the
reserves
cost
also
common
reserves.
s
in
In
brought
the annual report for those
Feb.
already
investments
697 shs.
$1,000,000.
opening
is
(3)
quotations,
market
from
ry.
.
—1,040,000 shs.
$750,000
has
Plywoods,
of
gram
mand
total,
the
date
account of
on
$2,500,000
par)
add
to
which
Company
Mengel
$11,688,334; cash on de¬
deposit, $360,436; dividends and interest receivable, $56,484;
receivable
from broker
for securities sold—in
process of delivery,
$9,842; receivable for capital stock sold—in process of delivery, $2,034;
at
that
due
C'.'v':
Statement
Since
furniture
permit for the following purposes:
^
'
Company has an extensive program for the installation ©^addi¬
machinery and equipment in- Its existing plants.
Company
estimates the cost of carrying out this program to be in the /range of
.
($52,489),
initial
reorganized
(1)
$116,665
1943
the
of
From Jan. 1—
Inc.—Earnings
years.
Assets—Securities,
sales.
years
company's
finished
1942
($100 par)
($1
intends
Designate New Directors—
the
of
990.
p.
from
the
lumber
five
of the
16%
of
of
past
materially restricted
———*1.
—
first
settle¬
renegotiation
a
Midland Valley RR.—Earnings—
,
1941
also
was
of
through
of
been
the
,
1959
cum.
cum.
and
FebruaryGross
of
stage
tional
.667
29.
December,
annual
which
161.
circumstances
.667
$108,117
securs.)
for
minimum
1940
years
Purpose of Issue—Net proceeds
2,507
(exclu. of profits or losses on
corru¬
Sales
volume
Authorized
sinking
by
were
modified plan
Net
Normal
Net inc.
are
dimension stock,
items.
small
a
ranged
a
each
at
plywood,
wood
'
$1,250,000
12,806
Expenses
Provisions for Federal income tax-
also manufactures
products
veneer,
have
of furniture has
Capitalization,
pany
$123,430
•;
—
V.
largest manufacturer of
production.
war
Interest
Total
first
the
Utilities
products,
normally
its finished
part of sales, and plywood and
important
include
products,
maximum
a
wood
largest
most
which
other
sales.
the
two
Division,
between
.667
1945
$123,105
325
—
the
sells
company
Selling, general and admin, expenses
Income:
the
of
Net
is
company
other
and
the
are
Plywood
*Cost
Second Fund,
and
accrue
1944.
the
for
account
Common
company
Massachusetts Investors
Dividends
the United States, and
While
use.
products
5%
1320.
p.
preferred
31,
products in
consumer
.667
.667
-
first
manufacture, including logs, lumber, veneer,
Con¬
'
-
invest¬
of
7%
—-
&
The
—
who
Co.
Commission
Net
312.
p.
shipping
its
of
161,
containers.
Its operations
in
wood
cover
the full
hardwood production from the cutting of timber to the
manufacture of lumber, veneers, plywood and finished products for
2.333
has announced that it will redeem on April 23, next,
outstanding 6% preferred stock at 110 and dividends, and
its 6%
preferred stock, second series, at 105 and dividends.
Payment
will be made at the Continental Illinois National Bank & Trust Co.
of
Chicago.
Holders may receive payment at any time.—V.
161,
The
all
1942.—V.
Business—The
Underwriter—F.
To Redeem
of
com¬
Minneapolis St Paul & Sault Ste. Marie RR.- ■Earnings
from
and
gated
April
Milwaukee Co.
.667
Maynard H. Murch & Co.
.667
Piper, Jaffray
& Hop-".:
,5
wood
——
—
.667
Whiting, Weeks & Stubbs
.667
Julien Collins & Co.
.500
Kalman & Co., Inc.—;
.500
Mullaney, Ross & Co.—
.500
Reinholdt & Gardner—
,500
Sullivan & Co
.500
Harold E. Wood & Co.—
.500
Kuhn, Loeb & Co
4.000
V-VV'v'.
v
Allyn and Co., Inc.
William
supplies
Thunderbolts, Mustangs, and Lightnings, all
planes.
Sales for the past fiscal year totaled
$16,000,000; an Increase of 114% over 1943's total and
convertible
hardwood
2.333
2.333
Farwell, Chapman & Co.
First of Michigan Corp.
Lcewi & Co.__
Smith, Barney & Co
A.
Menasco
for
preferred stock is convertible, at the option of the holders, into
stock, at the rate of three shares of common stock for each
3%%
Paul H. Davis & Co
Bacon, Whipple & Co.—
A. G. Becker & Co., Inc.
Union
these,
upon
Co.—Renegotiation—
and Willis D. Gale as two of
boards of the two companies.
Allport
stock.
History
2.333
—
The
Co.
—V.
cumulative
Jackson
3.667
Brothers
Inc.
Lockheed.'*" To
members
Realization
from
share
Pierce,
Inc.
3.667
Blodget,
Lynch,
Fenner & Beane.——
5.332 .%•'% F. S. Moseley & Co
Co.,
&
ine.
Lehman
and
Midland
ry.
The
the unexchanged new preferred
percentages set after their
Merrill
3.667
3.667
Corp..
Sachs
com¬
common
have agreed,
-V
3.667
Co.—
Harriman
only
the
Aviation
issued
hearing March 30 to consider
a
additional
Net
Percentage
8.000
8.000
Blyth & Co., Inc.
Boston
the
will hold
SEC
three
Net
ferred
in the event of
below
named
underwriters
to purchase
Higginson Corp.—
First
provide
be
1
proposed by the trustees of Midland United Co.
and Midland Utilities Co. are Lee J. Sheridan, President J. L. Sheridan
& Co.;
John H. Bickley, a public utility consultant, and Jay Samuel
Hartt, one of the successor trustees of the estate of Midland Utilities
banking house of F. S. Moseley & Co. on March 27
at $55.50 a share and accrued
dividends, 14,960
the company in the respective
Glore, Forgan & Co.——
Shields
to
to
President of the
Volt,
the SEC that
has informed
Midland Utilities Co.—To
The
of
initial
equipment
Products
value,
par
'
the
shares of 5% cumulative convertible
($50 par) first pre¬
1
'
,
Percentage
The
tool
$1
to Alvin A.
the
offered
respective names below.
Lee
and
stock,
common
Steel
company
for
The nominees
combat
above
ment
Feb.
shares.
not jointly,
and
from
65,670
of
option granted
an
year ended Dec. 31, 1943, $2,700,000 gioss was recovered
Government and that after deduction of tax credit the net
amount owing to the Government was $270,000, which was paid on
Jan. 17, 1945.—V. 160, p. 2405.
by
issued
follows:
as
Mengel Co.—Preferred Stock Offered
to make a prepayment on March 31,
the amount outstanding on that
preferred shares of both classes,
Underwriters—The
shares
stock
preferred
The
ment
Net
and
severally
part
of
struts
gear
than
241%
Business-—Marshall Field, the founder, first engaged
in the dry goods business in Chicago in 1856, with a firm established
four
years
earlier.
He
acquired a partnership in the business in
1865; the name of the firm was changed to Marshall Field & Co.
in 1881, and the business has been continuously operated under such
name
since that time.
Company was incorporated March 7, 1901 in
Illinois.
The
business consists
of the ownership
and operation of
(a)
department
stores
distributing high quality
merchandise,
(b)
various textile and floor covering mills whose products are distributed
in bulk,
and (c) The Merchandise Mart in Chicago and other real
estate..
'*•••■." History
in
west
American
priority
more
reduce
tOn
such
of
4%
of
delivery of the 75,000th hydraulic landing gear for
on
March
23
by John C. Lee, President,
machines
range
conversion
aggregate amount
announced
was
new
landing
shares,
cumulative
6%
the
to
returned
in 1940, from the manufacture of light aircraft engines
manufacture of shock absorbing landing gear, the
company
the
North
180,000 may be sold to officers and employees
without first offering such shares to the shareholders.
502,154 common
shares have been reserved for the purpose of issuance to the holders
§Of
be
Mississippi for this type of production.
Principal purchasers of the Menasco products are Republic Aviation,
tAmount reduced on Jan.
$700,000.
of
payment
new class
maximum
plete facilities
31, 1945, to $10,100,000
26, 1945, shareholders authorized
a
of shares to be known generally as cumulative preferred
shares. .The
150,000 4t4% cumulative preferred shares now offered
will
constitute the
initial series of
the 300,000 authorized shares.
by
$10,050,000.
to
date
$1,160,225,
pre¬
Converted,
to
1,943,763 shs.
§4,000,000 shs.
—,
has been exercised
option
of
1945
amounting to
preferred
unexpended
shares (par $100)
series
in
issuable
authorized
the
But
further added
installed
110,800,000
10,800,000
1964__
the
that
provided
to
who
mtge. sinking fund bonds, series A,
Cumulative preferred
the
of
pany.—V. 161, pp. 1096, 990.
a
airplanes
*$10,500,000
$10,500,000
fund,
exercise
Midland
change
to
is
also
Menasco Manufacturing Co.—Sales at Record—
Three,
series
serial
mtge.
retirement
funds.
Completion and
•
Outstanding
Authorized
Title of Issue
1st
It
shares
additional
stock.
proposed
involving redemption of the preferred stock, of which
shares were outstanding at the end of 1944.—V.
161, p. 1320.
Financing
Present
to
preferred
is
program
-
,
of
it
shares.
Jan. 1 of such year, plus dividends from Aug. 1 to Aug. 31
premium of 5% of the par value.
v
The directors adopted the proposal in
preference to a
refunding
and
414 % cumulative
Stock Exchanges.
Listing—Company intends in due course to list the
stock
general
3%. of
,
or
plan
80,000
beginning Aug. 2, 1946,Hfhd annually there¬
after, the corporation shall again make available out of surplus, as a
preferred stock retirement fund, an amount equal to the par value of
which
to
the
to
ferred
expiration of the company's ex¬
holders of the outstanding 6 %
cumulative preferred shares of both classes were given the right
to
offer such shares
to the
company
in exchange for the new 4Vi %
preferred shares, on a share for share basis, plus certain cash pay¬
ments by the company and subject to
a dividend adjustment. Com¬
pany accepted the
offers of the holders of an aggregate of 128,108
6%
cumulative
preferred
shares
of
both series
pursuant to
the
exchange proposal, leaving 21,892 new 4'A % preferred shares to be
purchased by the underwriters,
v
>
*'• •*".
The 414 %■ cumulative preferred shares are redeemable at $109 per
share on or
before March 3i, 1950, at $106.50 per share thereafter
and on or before March 31, 1955, and at $104 per share thereafter,
plus divs.
Entitled, in preference to common shares, in case of
voluntary dissolution or liquidation, to a price per share equal to the
then current redemption price, and in case of involuntary dissolution
The
change
share
one
Under
below:
14Z9
Committee Proposes Five
Candidates for Board—
^ "
/•
-
company's 15-man board of
directors will be
offered
bv the
Stockholders Protective Committee
at the annual meeting which is to be held April 6.
The directors proposed
by the committee are: Marvin D. Adams,
candidates
Five
of
Miami,
Bank
membership
President of
Trust
&
for
Co.
and
the
oh the
committ<|wa director of Florida Na^ipnaJ
of 2B|oeo- shares of M.-K.-T. common!
owner
President and Treasurer of Aponaug Mfg. Co. and
owner
of 21,300 shares of M.-K.-T. /common; J. Richard Kafes,'mem¬
ber of the New Jersey Legislature and owner of 600 common shares;
Robert
D.
which
rights
John
10,000
Charles
W.
A.
Sanders,
Snvder,
Miami
physician,
owner
Morehead, Miami lawyer, owner of
of 52,000 common, and
3,000 common sh^reb. ,
•
THE COMMERCIAL & FINANCIAL CHRONICLE
1430
the
of
Members
M.-K.-T.
whose terms expire this
board,
ville, Oklahoma.—V.
161,
1320.
p.
/
New York Central
National Airlines, Inc.—Earnings—
are:
year,
Sloan, Chairman; Harry B. Lake, Lawis E, Pierson and
Francis F. Randolph, all of New York, and Frank Phillips, of BartlesS.
Matthew
Monday, April 2, 1945
Operating
expense
$242,816
234,772
__
Operating
-
revenue
-
(Including all leased lines)
$1,117,866
1,090,610
$1,800,075
1,804,971
$147,355
150,879
Period End.
Pacific
RR.—Hearing
Net
Reorganization—
on
Hearing of objections to the amended plan of reorganization, which
adjourned following a two weeks' session last January, resumed
19 before Federal Judge H. Hoore at St. Louis.
Counsei for
was
seek
have
to
disaffirmed.
the loan
Net profit
—V.
1097,
P.
made
immediate
Asked-—
payment
plus cash equal to 4%
Earnings
February—
Gross
frcm
for
1945
railway.......
from
Net
ry„ oper,
i
ry.
8,299,871
8,785,018
2,955,192
3,686,351
—V.
37,461,406
37,667,993
H.
3,262,347
2,152,029
.16,637,628
5,981,054
5,911,664
16,528,097
8,209,762
oper.
161.
the
that
of
H.
The stockholders
Utilities
Co.—Registers With SEC—
160,
promise
board
between
the
of
March
on
elected
21
board,
435, 569,
the
issuance
$7,500,000
of
1082; V. 161, p. 1320.
Montana Power
Operating
expenses
reserve
x
Net
363,758
545,080
5,637,179
5,986,495
411,806
5,050,868
5,445,472
132,147
151,696
1,641,063
1,731,627
'<
...
V-■;? If:;!1
'•!
depletion
125,000
....
174,769
'i>h'
2,05.5,223
1,967,611
charges
Production
solidated
$6,668,835
2,506,196
' $580,768
$4,205,258
stock for period
pfd.
140,131
2,478,999
;'i
$4,189,336
957,534
957,534
includes lor periods
prior to Dec. 14, 1944, consolidated
and its former wholly-owned subsidiary, Glacier
operations of company
sidiary,
$6,711,454.
213,633
______
applicable, to
Note—Above
$794,401
195,039
;
Net income
Divs.
$6,620,160
91,294
$812,407
(net).....
Income
Gross
Interest
$791,056
3,345
$617,368
income
$6,528,704
14,359
$798,048
revenuesi..
oper.
Co.,
includes
and
operations
of
Falls
Great
for
period
its
and
company
Townsite
Co.—V.
Montgomery Ward & Co.
Case—
prior to
former
161,
The
Jan.
1944,
con¬
wholly-owned
1,
sub¬
management
merely
that
The
action
Supreme Court Refuses
—
of
the
March
on
Ward
Montgomery
validity
announced
was
the Government's
tribunal,
12,
that
Army's
in
a
rejected
order
requests
make
speedy
it
seizure
of
a
the
which
the Government
determination on the
by
:
:
denied.
Bank.
National
ninth
company's
Labor
v-
/
in
AA
The
A
c'vrect
noncompliance
chosen
were
Court
to
passed
appeal
would
Court.
reconsider
Robert
E,
and director
Vice-President
Straus,
National Bank & Trust Co.
Biddle
said
more
than
1246.
J61. p.
'
,•
.•
'
>
The
with
obviate
directive
a
the
Attorney
jts
Massachusetts
issuance
issued
by
Notes
refusal
take
to
unless
case
it
bear
of
balance to
to
June
are
30,
that
six
if
the
months
and
money
161, p.
prior
to
Net
Net
the
Wax-
first
was
Supreme
:
Court
adamant
was
to
incur
the
thieweek
For
of
as
ended March
kwh.
13,118,328
above
production
ago.
exceeding
2%%
to1
risks, of
substantial
liability
Announcement
Nelson,
Nickel
ry.
1944
1943
This
of
Association-reports •eletftric output
increase of 734,062 kwh.,. or .34%,
kwh. :• for the • corresponding •• week a.
the
23
is
Association—Output—
an
12,384,266
,
p.
$219,416
ft.
in
cu.
New England Power
Association—Output Up 3.37%,—
Association
The
3.37%.
83.558
30,781
50,748
57,998
37,355
Bank
&
the
from
ry.
172,785
77,290
Gross
99,923
...121,967
80,676
Net
from
Net
ry.
authorized
the
Continental
Illinois
Nashville Chattanooga & St. Louis
1945
railway
railway
oper.
—V.
income...'
Net
Net
—V.
from
from
ry.
railway
railway
oper.
161,
p.
income
"
Plate
made
as
Road.
March
on
Nelson
Mr.
26
member
a
is
of
the
of
the
Vice-President,
of
1
1
election
board
of
Richard
directors
Secretary
and
A.
?J
the
of
direc¬
of
-
of
i
i
'4
I,
NOTE-—For
mechanical
it
reasons
is
not
always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position
possible.
as
"
'
"
-
-
Period End. Feb.—
income..
opcr.
Inc. avail, for fxd.
after
•Net
$3,525 585
953,361
949,959
1943
$3,007,765
1,149,844
497,052
592,957
1944,
vv
$1,070,242
_
527,801
.
RR.—Earnings—
chgs.
and
$1,016;077'
452,891
119,941
$629,721
$1,047,136
* 594,783
316,128
:
? % 126,887
84,950
New York
2,305,939
2,034,682
1,181,225
829.311
1,245,341f:
income..
274,991
156,580
238,655
from
Public
Service
1,305,568
"
1,205.833
13,671,902
541,892
704.575
4,301.658
260,288
3,123,057
3,051,885
Chgs. in lieu'.of inc. tax
ret.
Prop.
res.
12,766,098
1,297,000.
.approp.!
294.500
$436,945
oper. .revenues...
income
(net)
3,534,000
294,500
'
$422,278
3,070-
______
Corp.—Asset Value
The corporation reports as of March
6 net assets equivalent to $19 90
share on the common
stock, againsc $19.03 a share on Dec 31 last
—V. 161, p. 1356.
a
y
y'
1944
1943
$699,960
$613,643
39,631
44,441
*34,265
*20,084
,
1942.
-
$484,419
25,533
*27,912
•
From Jan. 1—
Gross
from
railway..—
railway
from
Net
1.094,323
1,427.650
*357,498
ry. oper. income
''Deficit.—V. 161, p.
1,204,187
77,904
*533,234
...
Net
-'ty
¥
■'
*60,195
1246.
971,731
57,245
37,502
*99,441
/y •/.
*79,944
■
New York Power & Light Corp.—Financing—
?
The SEC has permitted to become effective the proposal of the cor«
r
poration .to sell at competitive bidding an issue of $30,000,000 first
mortgage bonds, due March 1, 1975, and to sell 50*000 shayes of its
commons stock to its parent, Niagara Hudson Corp., for an aggregate
consideration of $5,000,000.
•
1
•
; >
%
The interest rate cn the bonds, the price to the corporation, and the
price to the public are to be determined by competitive bidding.—
V.
161,
1356.
p.
^
New York, Susquehanna & Western
The-ICC
in
reorganization
The
The
(a)
principal
amount
of
making
the
First
and
General
consol.
income
$436,945
charges
$3,807,550
164,712
....
$425,348
210,501
2,038.048
$3,956,165
2,156,370
$214,847
$1,769,502
Divs,
—V.
applicable
161,
p.
to
pfd.
period......
369,541
544,586
stock
for
,
/
:■
stock.
on
March 22 made
a
secondary offer¬
ing of 12,700 shares of capital stock (no par) at $34JA
per share, with a dealers discount of 80 cents.—V. 160,
p.
2650.
increased
from
$2,500,000
follows:
'
4%
to
'
=
A
$452,844
2.000,000
.—
bonds,
r
made:
were
.-L!
!_
__
3.000,000
4 V2 %
bonds,
the
modified
5
4.000.000
5%
3.000,000
...
(35,000 shares, no par), stated at $100
sh.
a
3,500,000
Total
$15,952,844
(b)■ Adjustments in the allocation of securities to the several classes
of
creditors except the Terminal mortgage bondholders, result in the
following approximate distributions of new securities for each $1,000
bond or each $1,000 of unsecured claim:
•
1st
Term,"
1st
Mtg. 4s
Midland
Gen
(d)
The
(e)
The
(x)
and
assets
determination
final
to
of
the
amount
share
proportional
a
into
to
of
the
un-
additions
through
and
betterment
May
1,
1950
to
of
the security-retirement
50%
of
$20,000
.y
year
a
stock
common
dividends,
of such
fund
fund
and
is
from
/
into
equal
to 20%
of
non-carrier
on
$130,000
payable
amounts
the
for
fund
are
re¬
dividends
to
m.s,;
retirement of the
be
7
mortgage bonds and later the first and consolidated
mortgage
is made
cumulative.
circumstances
for
the
interests
'
\
not
do
rejection
relative
warrant inclusion ir. the
plan of a
certain cent! acts with the New York
trackage rights over the Susquehanna's
of
fc
so-called northern and southern extensions
application
tracts
r*
participation with
is subject to ad-
thereafter.
sinking
The
Central
+163.33
the basis of the final determina¬
unsecured claims.
y
payable
amounts
from
U63.33
represents
$3.89
unmortgaged
adjustment
$85,000
$85,000
amounts equal
Terminal
ol
amount
from
to
in
addition
to
the amount
The
duced
fin
ISubject
*980.07
tl.200.00
1.
approximately
creditors
1.413.-46
*923.06
+1.200.00
...
the basis of the
on
SI.150.00
57.01
claims,
property.
1.354.17
263.46
amount
«
1.337.50
!
:
claims
r
•
Total
295.17 $730.91
bonds
unsecured
jusnnent
%
Stock
Per Share
.
$1,000
328.09
Ext
this
Common
$829.72
•
bonds....
Unsecured
of
4,/aS
bonds
mtg.
seeured
Pref.
Stock
5%
Mtg.
$1,000
bends
Paterson
*Of
Gen.
Cons!
Mtg. 4s
$507.73
bonds
Term,
in
the
the
event
may
not
be
rejected
bv
rejected by the plan.—V.
the
court
near
the Edgewater
terminal
should
hold
debtor's trustee
but
that
that
such
they
con¬
may
161; p. 1C98.
-
A
Norfolk
Southern
February—
Gross
City Omnibus Corp.—Secondary Offering—
Blyth & Co., Inc.
is
as
March
$1,799,795
$272,233
1246.
bonds
capitalization
mtge.
inc.
mtge.
Common stock
bonds
$3,810,619 .$3,924,484
Dr3,069
31,681
determinations
income
y
•
report dated
plan in certain respects;
following
RR.—Reorganiza¬
•
supplemental
a
Equipment obligations...
Terminal bonds, 4%
3.534,000
385,033
692,353
-Earnings-
1945
•
;
and
!
•257,873
for
Net* income'"...
1,276,826
2.045,715
Colony
Old
on
$548,518
'
ry.
5,113,135
taxes:.270,870
Federal taxes?
Other
$2,887,474 $29,738,236 $28,389,602
$2,849,775
174,100
966,299
taxes
Ontario & Western Ry.
railway..!.
4,107.584
1,021,093
accrued and unpaid charges
Terminal Co.
taxes
and
bond
•177,907
1945—12 Mos.—1944
1945—Month—1944,
revenues
Gross
973,547
estate
3,398,691
3,046,590
.
also
properties;
railway..^...
oper. income...
increased
Inc.—Earnings—
expenses
Interest
3,537,509
real
from
tion
991.
p.
Orleans
Operating
Operating
333,250
61,226,876
2,415,663
unpaid
Net
77,847
1,201,786
606.235
'228,601
2.201,389
railway,,..
Period End. Jan. 31—
$1,699,969
1,856,457
928,374
February—
Gross
$65,000
Net
7,006,765
1,936,823
properties for
Boston
161, pp. 883 and 991.
interest.—V.
the
railway.....
oper.
161.
Other
1,823,487
and
Mos.—19444,
2,043,297
430,975
Providence
said
against
1945—2
$27,196,538 $28,515,412
1,446,993
charges.
•Includes accrued
2d-mtg.
1942-*
'•
1943 •}
1944
.
1942
6.616,459
1945—Month—1944
$13,308,772 $14,061,306
!? 889,633
1,655,177
revenue....
oper.
ry.
(c)
Ry.—Earnings
1944
991.
Aviation
New York New Haven & Hartford RR.—Earnings—
,
:
provision
$3,245,150
509,134
V'"
1945
New Y'ork
National
;.v
w--;,'
railway.!.
railway—...
from
New
From Jan. 1—
Gross
was
was
Frcm Jan. 1—
National
,
February—
17,1945.
under the corresponding week of
1356.
oper.' income..
124,317
325,340
amount
Net;ry.
Net
Trust
from
1
York,
New
y
ended;, March
week
the
decrease of 1.58%
a
p.
from
70,334
447.805
paid last October of 6%, makes a total of 11%% Daid
by the corporation during the past
year, James B. McCahey, President,
stated.—V. 138, p. 4305.
Net
Gross
78,529
__
income....
Gross from
for
New Orleans & Northeastern
Net
have
v.%A':tr-:
;
figure
February—
445,801
Co., fiscal agent, Chicago. 111., to disburse semi-annual
interest due May l, 1945, on its
$2,873,100 of 5'/a % income leasehold
mortgage bonds, and an additional payment of 3% on
unpaid accumu¬
lated interest.
The interest
payment now being made of 5%% added
to
i6i,
385,908
991.
directors
/:-•
.
Comparable
$145,901
62,329
Morrison Hotel Corp.—To
Pay Interest—
The
1,120,151
3,008,000
American Equitable Assurance Co., Globe & Republic Insurance
America, Knickerbocker Insurance Co., and Merchants <fc Manu¬
facturers Insurance Co.—V„ 161, p. 1356.
■'^ -V; %
"
/
tor
Co.
Preferred
139,519,000 cu. ft.,.
9,121,000 cu. ft., or 0.74%, below production-of 148,640,the corresponding week a year ago.—V.. 161', p. 1356.
of
000
1942
$219,403
30,245
railway
oper.
161,
of
Refunding
32,267
__
,Net from railway—
—V.
1,323,989
1,195,000
J
10?7.
plant and.property.—V. 161, p.
-
decrease
a
its
From Jan. 1—
Net
597,077
tion Plan Modified—
,.
Gas output for the March 23 week is reported at
,
—v.
1945
railway....
railway.
opeiv income...
from
1,828,333
703,068
.
$183,032-
from
Gross
721,261
2,419,899
New Director Elected-
J
in
RR.—Earnings—
from
ry.
788,576
953,879
16,667
31, 1945*1 and mature
than June 30, 1950,
Dec.
later
not
not
rate
New England Gas & Electric
would
1245.
February—
Gross
356,576
1,103,484
be
additions and betterments
of
63,952,627,
Montour
,723,500
amounts
applied to the payment and cancellation of
bank
debt maturing June
30,
1945, and the
may be required from time, to time for payment
to
existing
be used
the
in
and
1949
at
Utilities has approved the
not exceeding in the
Public
of
notes
dated
be
interest
proceeds
$750,000
of
of
of
848,000
367,731
1,083,243
income-
70,000
$4,000,000,
argument before the
Biddle asked the Supreme
the
than
will
The
Department
company
$1,000,000,
earlier
not
customary
General
the
by
aggregate
stantial
sums
ex¬
■
reports number of kilowatt-hours available: for its
territory for the week ended March 24,1945,' as 64,805,061. compared
with
62,694,645 for the week ended March 25, < 1944,r, an,; increase
Ward."—V.
>V;
Mos.—1944
$15,558,624 $16,472,634
.
elapse before a final determina¬
tion
of
the rights involved.,
Meanwhile, he said,- the Government
must
continue
to
operate
the Montgomery. Ward
properties
"even
though that course may require the .United States to invest sub¬
to
and
1945—2
$8, 398,373
1,253,989
-
Mr.
refusal,
1945—Month- -1944
$7,733,079
8,333
seven
by the Seventh Circuit Court.
upon
5,597,840
Net
is
new.
sure.—V.
year
Circuit
372,036
588,744
unopposed nine-man com¬
an
certain
and
board voted later to redeem ou May 1 the 200,000 shakes
of 5 xk %
cumulative preferred stock, par $10.
They did not disclose
how the redemption will be effected, although Mr. Rasmussen stated
at the stockholders meeting that the financial setup in the future is
likely to include a new preferred issue and some funded debt as addi¬
tional capital is sqiight for-expansion,purposes.
f
*
Following a course- of actioni agreed upcxl previously by Mr, Cuneo
and Mr;
Rasmussen, the board elected Mr. McNamara as Executive
Vice-President and re-elected Mr, Rasmussen and all other ^officers ex¬
cept John McKinlay, who had "resigned the Chairmanship under pres¬
■
Board.
Federal
2,743,020
taxes
possible
■
member
of the American
Ward
sought to apoeal directly to the Supreme
Court from the decision of the U. S. District Court in
Chicago that
the President lacked authority to. order the' facilities seized because of
the
183,168
taxes
35,000
Boston
stated
was
company's properties
'
Government and
brief
petition for reconsideration
cities.
The
5,6.98,309
674,068
and the vote was considered a formality. •
AC--,
In the Cuneo group are Mr. Cuneo, President of Cuneo Press, Inc.;
Guy A. Thomas, Chairman of the Colorado Milling & Elevator Co.,
Denver; Harley V. McNamara, former manager of the Chicago branch
of the Kroger Grocery & Baking Co., and Raymond P. Fischer, VicePresident and director of Cuneo Press, -/"V ,'.A
•
Mr.
Rasmussen.
in addition to himself, .] chose Arthur J. Hansen,
William E. Russell, Secretary-Treasurer, and John V. Farwell, President
of the Sanitary Scale Co., Belvirlere, 111., and a director of the La Salle
directors
the
of
•
S.
Court's
1,236,541
income.__
Board—To Call
1097,
p.
Supreme Court on March 26 again refused to take imme¬
jurisdiction of the Montgomery Ward case.
diate
and
'
U.
2,842,082
taxes....
of
approp.
p.- 2545.A» V'--"
New Bedford Gas & Edison Light Co.—Notes—
The
280,870
7,278,278
Balance to prof, and loss
Net
The
Other
314,294
6,968,293
Sinking funds and other
by John F. Cuneo, leader of the
objecting stockholders, who charged that the company was being man¬
aged ineffectually, and four by R. V, RasrnuSsert, the President.
One
was approved by both
groups.
These choices were made several weeks
1945—12 Mos.—1944
337,989
...
taxes
&
152,100
3,632,220
income.. r.
Total
Four
$1,756,942' $2,074,407 $20,916,881 $21,747,521
taxes
ret.
income
profits
operating
'
1945—Month—1944
revenues
Prop.
165,724
3,492,051
______
railway
ot the company.
Co.—Earnings—
Period End. Jan. 31—
Operating'
Federal
3,447,212
13,257.457
'
.ago,
Other
3,587,451
8,519,123
1098.
Net
a
to end long-standing differences
stockholders over Lhe operation
pledged
directors,
'
covering
statement
pp. 225,
1,701,503
6,626,402
and
profits
p.
order.
first
mortgage 3% bonds, due 1905. and $2,500,000 first mortgage 2% serial
bonds, lpaturing 1946 to 1953, has been filed with the SEC,
The net
proceeds will be applied to the redemption of the $10,085,000 of first
mortgage bonds which are subject to redemption upon 30 days' notice.
—V. 160,
1,841,484
4,307,880
5Vz% Preferred Stock—
Montana-Dakota
regiscration
9,810,245
for
company
sales department.—V.
4,931,677
650,105
inc.
Net
Moriarty,
general
of
the
National Tea Co.—Elects Compromise
•
A
of -the
4,924,899
....
income
cess
,,
Chairman
as
161,
Other
Baltimore and $1,500,000 for" a
991.
J
>
Pope
W.
direction
plants
five
the railway
of
6,542,337
4,410,266
.
for
the
between
1097.
P.
F.
Fed.
Federal
Assistant " to President,
policies and coordination
all industrial" sales, had
assigned the additional duties of assisting in the administration
President,
McCrea,
responsible
i;
20.629,655
34,636,518
16,397,978
railway....
railway......
income...
from
Net
Henry
3,580,445
2.466,396
A
New York, Chicago & St. Louis RR.—Earnings—
gypsum plant at
of
resignation
14,015,132
3,407,101
income..^
Gross
Cleveland, and Mutual Life Insurance Co.,
,
8,725,838
1,694,713
Period End. Feb. 28—
March 27
Following the meeting of the directors, it was announced by Charles
been
from
Net
be used for a
6,914,410
1,336,121
charges.
excess
-V.
*.
>■>.•>
National Malleable & Steel Castings^Co.—Resignation
The
From Jan. 1—
Gross
approved
company
plant at Kerns, Va.—V. 161, P,
lime
$17,529,542 $10,071,369
$18,780,276
8,079,414
income.
*Incl.
position he has held since 1934, was accepted on March 28, and the
office of Chairman was left vacant.
The other officers'were re-elected.
2,973,626
income-..
Chicago, 111.—V. 160, p. 834.
the
of
National Bank.
000 will
1942
1943
>
$18,065,278
all way
Net
1944
Net
through the
1945,
86,559,138
inc...
oper.
fixed
'£0
New
York.
Of the loan $5,000,000 will carry 2¥g'/e interest and $5,000,000
3% interest, with the average rate to maturity 2.86%.
About $5,700,000 will be used to retire the debentures, while $2,500,-
February and Year to Date
%
redemption on May 1,
for
113.964,960
86,365,586
deductions.....—
$21,000 cl first lien collateral trust 20-year 5% bonds,
Aug. 1, 1953, at 105 and interest.Payment will be
the Continental Illinois National Bank & Trust Co., trustee,
stockholders
Central
the date of bankruptcy,
interest from
called
$
103,430,202
42,788,765
income.........
Total
arrangements
for a $10,000,000 15-year serial loan to be used to refund outstanding
3% debentures and to provide additional funds for construction of lime
and gypsum plants alter the war,
The loan will be made by the Man¬
ufacturers & Traders Trust Co., Buffalo; Union Trust Co., Pittsburgh;
unpaid interest accrued, at the rate of 6% a year.
Under
the present
plan of reorganization the RFC is willing to
accept in satisfaction of its entire claim a price equal to the principal
amount of the claim, or bonds equal in money's worth to the principal
amount,
rwy.
Other
National Gypsum Co.—To Borrow $10,000,000—
,
,
$21,925
due
at
The
v
for
Net
fund
A,
-1944
$
4,294,376
Misc.
231 South La Salle Street,
•
of the RFC loan amounting to
approximately $26,500,000,
including adjusted
accrued interest, has
been filed in Federal Court by four directors of the Missouri Pacific.
The petition relates that there is now outstanding and unpaid loans to
the RFC in principal amount of $23;i34,800, together with $8,961,000
petition
•15,500
$18,475
'
!
1097,
have been
There
sinking
series
,
Immediate Payment of RFC Loan
A
DrtlMl
1945—2 Mos.-
$
56,322,787
41.886,633
...
Total
hearing for April 23 to permit introduction of evidence by,, a group
of security holders headed by Andrew W. Comstock in support of their
to Alleghany Corp. participating in reorganization plans.—
161,
6,158
$28,688
-1944
49,983,526
revs.....
Equip, and jt. facil. rents
1,454
6,158
National Gas & Electric Corp.—Bonds Called—
objections
V.
11,622
Cr850
oper.
Rwy. oper. exps.
"Rwy. tax accruals
$38,879
A
V''160
tax...
.—
161, p.
29,537
Z)r$ 2,132
,}y!'
inc..
gross
$27,257
$24,641
1,392
$34,846
for income
Prov.
general
special
Federal Judge George H. Moore has concluded hearings of all
objections to the road's plan of reorganization but scheduled a
from
Deduct
initial hearings
by the Comstock group, one of the .chief objectors to the plan, and
offering evidence in rebuttal of Comstock exhibits.
The Comstock
group
is opposing a claim filed by Missouri Pacific against New
Orleans, Texas & Mexico and. other subsidiaries for recovery of cash
advances made by the parent from 1926 to 1933 amounting to $10,500,000 which, plus interest, now aggregates approximately $18,000,000,
Objectors who hold Missouri Pacific 5%% bonds, secured by N. O. T. &
M stock, contend the subsidiaries were unduly dominated by Missouri
Pacific during the period when the loan was advanced and therefore
proponents of the plan examined exhibits submitted in
A 26,801
income
Gross
March
Dr$4,896
Dr$3,524
$8,045
income
Non-operating Income.!
operating
1945—Month
February—
$
Rwy.
Missouri
RR.—Earnings—
"
1945—8 Mos.—1944
1945—Month—1944
Period End. Feb.—
Net
Net
from
Ry.—Earnings—
1945
railway;
ry. oper. income...
1944
1947
1942
$594,397
railway
from
$627,515
$633,714
$470,671
105.003
109.970
18\,766
96.591
36,669
42,084
81,638
40,998
1.935.356
1,257,462
1,258.802
941,604
209.373
208.544
339.832
181,543
76,462
77,506
151,629
70,231
From Jan. 1—
Gross
»Net
from
from
Net ry.
railway....
railway...^-.
oper.
income.
—
.Volume 161
Number 4373
Interest
No.
Central
Hanover
Bank
1,
1945,
on
bonds, due 2014, on
Interest is payable
Trust Co., New York, N. Y.-—V.
&
general
surrender of,.
the
p.,992.yv
Redeem Preferred Stock—
161, p. 1098.
NOTE—For
mechanical
reasons
it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
issue
of
7ft
stock,
preferred
cumulative
§7.50 per share.—V.
;
142,
p^> 4030.
r
.
!'.^vv;*.:
-
"■v.;
The
Natural
properties
be
order
of
April
to
retain
in
its
with
p.
;
^
Bonds
1942,. to permit
the distribution
at
in
672...
New
of
Wilkes-Barre,
Northern
To
this
of
output
directors
declared
payment -of
the
the
stock
7ft
'
1357.
p.
fur
and
1945,
20,
Jan.
$7.12'/a
to
series
the 6 ft-
the
the
proceeds from
net
;'
•
of
accrued
interest)
Joaquin Light &
refunding
Pacific
Gas
JSeries
I
1st
due
bonds
of
B
1,
The company has called lor redemption on May 1, 1945, $60,000 of
outstanding first mortgage convertible bonds dated May 1, 1935,
its
at
additional
in the amount of 2ft.
Payment will be made at the Gity
Bank & Trust Co., corporate trustee, 208 South La Salle St.,
interest
;
accrued
and
par
National
Chicago,
interest
fixed
to
1,
May
Dec.
due June
J
1,
Series
Dec.
1,
1970—
19,273,000
1,
1971'——
23,967,000
1,
1974
bonds
due
June
'
1st
pfd. stock, cumul.
Stock (par, $25)
Common
"
:
and
Power
in
of
lieu
of
shares
stock
common
(no
for such purpose
corporation carried
nearly
February as in the same month a year ago,
Earnings for
(i Months Ended
Operating revenues
alter
Federal
and
Provision
<
,
expenses
income
State
taxes
—
50,000]
contingencies——.———-—
for
$3,413,950
-y.'^y
;'/:/
.yy
Sales-(Kwh-and
Gross
§428,709
Number
of
capital shares...
share:
'
1357.
Earnings
per
—V. .161,
p.
$372,475
356,380
234,920
$1.20
Net profit
$1.58
—
*
from
of
Net ry. oper. income...
1
1942
$267,983
from
and
Net from
Net ry.
—V.
1,024,109
218,092
126,905
railway
parts
gas
income
oper.
161,
,
cities
of
development
Francisco
San
its
of
and
appliances.
gas
in
water
and
and
16
selling
cities
steam
Oakland.
and electric
In
business, the
sale of
of such
•
sells
and
distributes
certain
in
water
rural
Northern
areas,
which generates, transmits and sells electric
energy in Humboldt County, Valley Electrical Supply Co.,
which sells
electrical
appliances in
the cities of. Fresno and Bakersfield, and
Arlington Properties
Co., Ltd., which owns certain non-operative
and
*54,161
in
carries
on
the
Neither
company
outside
business
any
its subsidiaries are located
nor
any
of
its
California,
of
subsidiaries
Statement
Income
for
Calendar
1944
Operating expenses
Deprec. & amort——
1945—Month—1944
1945
$3,162,945 $36,049,166 $33,872,276
1,066,825
14,185,128
12,060,620
1,124,671
340,997
339,822
4,080,214
3,950.904
Provision
1,178,204
1,151,720
10,455,491
Years
1942
1943
$568,394
5604.571
$7,328,332
$7,661,142
233,037
321,273
3,828.778
3,808,984
$
Operating Revenues—
$■
7-'-- $
department _7_f_—107,602,690
97.429.110
revenue
$3,212,267
_____—
for
taxes—
Gas
Interest,
.
_—__
deducts.
etc.,
railway
Water
and
Steam
sales
atid
department
department.^.
bus
irrigation
Net
;
income
stock—
pfd.
on
$335,357
$283,304
$3,499,554
$3,852,158
I
83,500
117,443
1,239,601
—V.
161,
$165,861
1247.
p.
$2,259,952
$1,886,503
and
February—
Gross
from
Net from
Net
ft
-
railway.-:!-
from
Net
front
Net
rv,
p.
$130,042
$130,042
69,396
69,396
25,961
25,961
17,628
gas
Distribution
4,845,035
1943
$126,452
69,913
31,077
1942 rt:
$83,402
47,623
18,136
232,977.
116,177
41,222
income
,
263.589
147,454
55,537
251,725
129,441
50,942
152,424
85,495
37,029
992.
Chanute,
-&
___
railway & bus dept. exps.„_
accounting & coll. exps.
deprec.
&
Prov. for doubtful
Provision for
6,390,536
Net
Knowlton
Kuhn,
Loeb
Laird,
Bissell
W.
7,387,606
Lee
plan
expenses_
income
Carl
RIt.—Bondholders
Colony
Ask Rehearing—
protective committee for the bonds of the road have petitioned
the ICC to grant new hearings on the plan of reorganization for that
line.
Portions
of
the ICC-approved New
Haven plan dealing with
The
Old
Colony
Appeals
of
the
The
and
plan
have been disaffirmed by the Second Circuit Court of
the committee said this constituted judicial disapproval
within
committee
the
stated
of
meaning
that
at.
the
the Bankruptcy Act.
last
hearing
before
in February, 1942, no
Colony properties was
income
Deductions
Provision
for
Federal
taxes
'
'Reductions
Net
income
to
Mellon
100
Net
Common
Inc.
&
Cohu
&
■"•■In
exeess-profits
taxes
arising
in
Pieroe,
Fen-
Cui^iss.
M.
Dam
H.
Dewar,
Dick
&
Newhard,
E.
The
Pacific
Company
Pacific
Northwest
Paine,
100
100
&
Co
2,500
Moseitey & Co.— 1,500
Maynard
Co.——
100
10O
Lynch—
&
W.
Co
&
300
&
Stanley
100
Company—
H.
Murch
H.
Newbold's
M.
Cook
Newton
Co._
10O
Co.
&
Son
150
&
Co._.
100
Co.—
20O
&
&
Company-—— /
Ohio
Webber,
Curtis
200
Co.—_„
200
Jackson
&
750
—
Perrin,
West
&
Winslow,
100
100
Read
&
&
Piper, Jaffray & HopwoodR. W. Pressprich & Co
500
Putnam
300
200
Inc.-
Co.—
Phelps,
350
Co.,
&
2,500
.
Dominick.—„
,
Fenn
&
Reynolds
500
1,000
Riter
Co.—
1,500
The
Co.———
350
Co
&
Co...
&
100
—
200
Co.—
400
Eastman,
Dillon
Elworthy
&
&
Co
&
—
,.
100
Equitable Securities Corp.—
350
Schmidt,
500
Schwabache'r
&
Co.
Clement A. Evans & Co.,Inc.
100
Chas.
Fahey, Clark & Co
100
Shields
Farwell, Chapman & Co.—_
100
Field, Richards & Co
100
Singer,
First
of
Boston
coin,
Corp
Michigan
Trust
First
of Lin-
Folger,
Nolan
Incorporated
Forgan
Parsons
Smith,
Stein
2,500
&
Stix
Shepard & Co..___
Hayden, Miller & Co.__
Sutro
Trask
Anthony
Union
Vietor,
&
437,313
Kalman
&
Kebbon,
1,463,848
A.
„
17,976,678
13,193,830
13,217,984
3,531,378
270,000
824,551
653.681
Walston,
750
100
Goodwin
Watling,
Lerchen
Webster
&
100
Weeden
&
Wertheim
White,
100
Weld
400
100
Dean
Harold
Woodard-Elwood
&
|
Stubbs_
Company—
&
Co.——_
Wood
&
«&
&
500
750
2,500
!
Co
Co._—
750
:
'
f
Yarnall
2,500
Co.—
Weeks
Wisconsin
Witter
500
Co
&
100
&
100
—
Co.—
200
Peabodv
150
Co
Co.—
&
E.
&
Gibson
Inc
Co.—
350
&
Hoffman
Whiting,
&
100
Inc.-
Co.—
750
&
750
&
Dann
&
The
Co.,
i
2,500
Corp
200
Co
& ,Co.__—
100
750
100
100
100
Co.——,
3,293.601
240,000
200
Walker
H.
McCormick & Co._
Kidder,
—V.
G;
100
Jones
Kidder
M.
100
&
150
Durst,
<te
200
C.
Robert
Wagenseller
Space
Lane,
200
100
100
Co.—_______
&
Janney
200
Co.—l
& Co.—-
Common,
750
Co
2,500
—
Co.
Co.____
Weeks______
&
&
Securities
Co
Company——
Blod-
Corp
Spencer
Tucker,
Illinois
and
Inc.
Townsend, Dabney & Tyson
200
Hutton
E.
100
—
Co.,
Swiss, American
500
Hilliard & Son
200
100
Inc.
Co.—
<te
300
Co.
_j_
Co.,
Inc.
&
200
—
300
Co
&
&
Webster
&
get,
350
Co-
Boyce——_
Co
Stroud
&
Hornblower
W.
&
Stone & Co
Hemphill, Noyes &
Henry Herrman &
&
150
Co.——
Co.—
Nicolaus
Stone
150
Hawley,
Richards
&
Staats
R.
Bros.
Stifel,
500
J. B.
Moore
2,500
500
Hill
150
& Scribner2,50&
Barney & Co
William
Co..—
Bruce
750
200
Co._
Deane
Starkweather i&
Gregory & Son, Inc.—
Hallgarten
&
Co.—_______
300
Co.—
&
Co
Agnew &
: ;
200
& Co
Sachs & Co
Goldman,
Scranton
&
100
;
Nebraska
Glorc,
W.
400
Smith,
2,500
Corp.—200
Co.
100
Poole & Co.^^
& Co:—_——
Shuman,
First
350
Robison-Humphrey
Estabrook
The
10O
Calif-
of
Pan-
Merle-Smith
Dickson
Dillon,
Leonard
iob
—
&
S.
S.
200
Co
Co
100
Co
Robertson
//. coast
R.
&
Davis
Milwaukee
100
&
Skaggs
F.
1,000
&
100
Co.„_.
House
Beane___
Turben
500
Company.
&
4,499,778
19,268.994
3,950,601
240,000
958,216
1,134,325
1,354,898
161, p. 1358.
v/:-:/.
Oxford Paper Co. (&
Subs.)—Earnings—
332,566
55,802,491
48.487,654
Int.
1943
$2,931,348
139,671
$2,499,350
94,164
—
$3,298,260
$3,071,019
$2,593,514
861.980
825.520
860.860
59,577
76,461
Premiums
103,132
58 508
~
48,155,089
Income
Total
10,810,407
11.368,984
23,069,719
22,199,706
14,851,079
445,374
on
bonds
22,347,004
1,643
bonds
on
of
Net
1,292.000
1,255.100
575,000
125.000
75,000
327,186
$899,195
$838,938
$777,336
532.529
532.529
22,345.734
22,265,948
8,409.820
8,399,527
507.170
12,522,548
12,522,548
loss
bond refunding operation.
on
sale
of
prop¬
earnings
paid
—
taxes on income.——_
post-war adjustments-
for
22,267,592
1,270
etc.,
*——————-~
Prov. for Fed.
1,351
& notes of subs.____
paid,
subsidiary
1942
1944
$3,189,744
106,516
/
operations-*
Other income (net)
from
388,672
.
—
Years Ended Dec. 31—
Gain
55,413,820
from
150
300
500
Inc.——_
409,223
1943
350
Corp,_— 2,500
200
Co
Torrey^
&
Courts
Davis,
&
Burr,
Cooley
J.
100
Co.
&
Dodge
4,431.195
12,522,548
erty and in 1944 from
Lynch,
&
Morgan
_■
Clark
W.
Clark,
4,739,784
8,409,850
dividends
Co..
Co
&
Securities
Merrill
&
Co.—__
Moore,
6,398,051
22,035,988
:—
dividends
&
750
6,440.809
22,037.339
income
Preferred
Marks
M.
Masten
McDonald
&
Chace, Whiteside & Warren>
7 6,902,355
minority»interest—__
E.
Minsch, Monell & Co.^
Reserved
Applicable
350
A.
750
Co., Inc.
Johnston, Lemon
7,079.460
income
1,500
2,500
&
Co.
Laurence
Lough-
&
Johnson,
12,462,932
———
—
Rhoades
Byllesby & Co., Inc.
Central Republic Co.
(Inc.)
64,649.450
__———"
Corp.—_____
Loeb,
200
M.
Divs.
the Commis¬
constructive evidence of the value of the
Old
introduced, and evidence and testimony
cohcerned only operations before May or June. 1941.
Since that time
there
have
been
material
changes in the
financial condition and
Strategic position of the Old Colony operating properties, and ad-
sion,
Gross
2,500
Brothers
M.
750
Depreciation
Old
100
1,000
& Co.___
Higginson
Lehman
10B
Co._;
&
Freres
The
318,056
___——
Langley
$10D
2,500
Meeds
400
Slocumb
64,331.394
operating revenues
Miscellaneous
&
Ca.—__
Brush,
1,406,517
and injuries
___—
as
"
Co
ner
5,635,319
1,254,384
C.
Lazard
&
Co.—_
&
Merrill,
9,806,216
694.987
notes
insurance
damages.
Pension
Frank
100
1.401,960
14.119,103
and
are
Kirkpatrick-Pettis Co-
500
7,069,520
& accounts
for
each
Sons
&
12,340,818
20,573,870
promotion
by
Company.:
Brown
14,404,975
amortization—
Taxes, other than Fed. .taxes on inc.
Administrative & general
expenses
and
railway...-
ridge
1,448.382
—
expenses-
purchasers
purchased
Omitted)
350
Co., Inc.—
Company.
&
B.- Bonbright
Bosworth,
297,940
6,130,523
principal
bonds
150
j ;
305,290
b
several
200
Co
'
447,190
1,309,883
•
Prov.
,
D.
&
&
Blair
730,479
126,781,614
power_
expenses
606,401
100
Co.—
Co._______
& Harden
Weeks
Co.
The
purchased
55,484,389
100
&
Becker
G.
William
37,630,361
5,247,342
expenses..——_—
Sales
'ft;
railway.
oper.
V-V. 161,
1944
1944
1945
$107,112
50.000
income
From Jan. 1—
Gross
] '
railway.,
oper.
ry.
City-Ada-Atoka Ry.—Earnings
\
Baker,
502,419
138,592,685
Customers'
Oklahoma
Whipple
39.629.387
5,366,722
repairs—
consigned
and
2,475,90»
100
&
6,602,439
Natural
Street
,
Jones
Watts
Hayden,
expenses:
Transmission
$251,857
M
$2,500
& Co., Inc._
Baker,
Heller,
151,773,236
—
Production
1,965,655
'"Balance
Inc
Brothers
Bacon,
J.
Maintenance
1 335 980
2,475,908
Line,
-
and
Company
100
Auchincloss, Parker & Redpath
___________
__3; 200
87,675,644
—
522,742
342,805
department——
Purchased
Divs.
the
series
«...
Atwill
726,479
43.304.999
department
Street
Total
income
Gross
of
.
10,199,609
Period End. Feb.—
Gross
of
names
amount
Ballin & Lee
100
Harriman Ripley & Co., Inc. 2,500
Harris, Hall & Co., Inc._—
750
'
Gross
Electric
12Mos.—1944
8,063,254
1,329,853
Gas
894,316,818 894,382,563
Hannahs,
7
7
*63,712
Consolidated
Pac.
_____
'
Graham,
,
properties of the company and
the
California.
8,044,644
etc
606,401
Std.
,
______—
Einerich
Ames,
Co.,
Power
properties.
581,879
Ohio Edison Co. (& Subs.)—Earnings-
in
(000
The
/only active subsidiaries of the company are Western Canal Co.,
1098.
p.
selling
and producing
areas,
normal times, cooperates with dealers in the
electrical appliances and also sells small quantities
*16,042
9,659
rural
the
of
the
with
and
distributing
of
182,519,833
X
casualties,
inv.
'
surplus
Dominick
'
in
company,
860,718
213,362
112,027
924,029
127,404
33,846
of the gas customers were
;
certain
and
certain
in
All
railway
approximately 94ft
derived)
was
towns
182,441,557
amortization—.
surplus
principal
Paul
7.
also engaged in the business (from which for the 12
ended Dec. 31, 1944, approximately 0.6 ft of its gross operating
104,457
51,895
48,126
—_
electric customers.
months
29,025,005
55,372,334
of
Drexel & Co
From Jan. 1—
Gross
customers
,
Electric
Company is
Light
1943
$436,064
1944
$476,101
91,025
86,435
36,329
railway
Net from
:
railway....
respectively)
estimated that
is
The
1945
$476,201
February—
Gross
ended Defci* 31,
ahd gas
for construction
and number of
energy
Gas
7,555,138,478 125,419,139
$107,602,689 $43,304,999
70.9ft
28.5ft
1,039,427
765,497
:
revenues
Number
which
Northwestern Pacific RR.—Earnings—
■/ 'v
■
Percentage of total gross revenues-
connection
■/.
Mcf,
977,540
29,002.273
years
—
Coffin
-
,
following table sets forth, "for the 12 months
certaih information regarding; sales of electric
(all inter-company and inter-department sales, except
purposes, having bOen eliminated^/revenue's''tlie'refrom
customers served: 1A
' .■ 1
revenues
Not
Available
■
The
1943
$5,182,349
816.2091
337,500}
selling
purposes,
1944,
ft
312,468
977,540
and- prior
insurance,
Almstedt
E.
central
3,130,758
due
not
pensions
Blyth & Co.,
and
and
industrial
2,634,750
—
Alex.
domestic,
commercial,
part of the northern
natural gas,
for
throughout a large
parts of the State of California.
and
tributing
also
Dec. 81
1944
Net
on
r
•,
.
2,634,759
deposits
312,468
current
follows:
H.
*Is
*
bonds
these
redeem
1; 1945 and funds
deposited with the trustees under the
were
'
for
Purchasers—The
:
A.
to
company
called for redemption on Jan.
were
line
—
for
Total
10,
1905.
Company is an operating public utility engaged, prin¬
cipally, -in the business of generating, purchasing, distributing and
selling electric energy for domestic, commercial, industrial, agricul¬
tural and municipal
purposes, and
of purchasing, transmitting, dis¬
twice as many revenue passengers
Croil Hunter, President
and General Manager,
announced on March 22. His report showed
NWA planes, ilying between Chicago, Milwaukee, the Twin Cities and
the Pacific Northwest, carried 17,016 revenue passengers in February,
compared with 8,839 a year ago. This represents an average of more
than
600
per
day.
Passengers were carried a total
of 11.100,495
revenue
passenger
miles during the month, almost twice as many
as
in February last year.
Reassignment of several former Anny air¬
planes of the, DC-3 type to the company during the year enabled
Northwest to add more flights to Its schedules, with five daily round
trips now operated between Chicago and the West Coast, and 11
daily round trips between Chicago and the Twin Cities, with one
of these extending to Fargo,
Grand Forks, N. D., and Winnipeg.
■i
the
History and Business—Company was incorporated in California Oct.
making the total amount
part,
February Passenger Traffic Almost Doubled—
The
400,000 shs.
6,261,357 shs.
outstanding bonds.
of
604,862
3,130.758
and
for
George
JThese bonds
necessary
fit -common stock applied for 559,570 shares.
In
800,000 shs.
8,000,000 shs.
.
1945.
1,
mortgage.
additional
1,173,163 shs,
Exchange has authorized the listing of 183,190
The New York Stock
.
4,211,662 shs.
1,600,000 shs.
may
intention
the
is
40,500
5,781,536
604,852
depreciation, and
Atkinson,
-
be issued under the San Joaquin Light
Corp. unifying and refunding mortgage except bonds issued
thereunder
Inc.—Listing of Additional Com¬
bonds
<
5,600,000 shs.
(par $25)
-
additional
"No
111,717,000
•
1st pfd.. stock, cumul. (par $25)
5'/aft'- 1st pfd. stock, cumu. (par $25).—'
5ft
40,500
5,759,827
49,927.000
June
L 3ft
209,935
2,487,000
1966
due
Capital Stock—
tit
*
Stock—
mon
ft./
1961
1,
due
37*
16,160
299,758,500
unpaid
interest,
amort,
Earned
460,150
;
299,758,500
for
for
the
84.193,000
bonds
K
June
Northwest Airlines,
Reserves
•
147, p. 3466.
111..—V.
in
3ft.. bonds
Series
'
plus
1945,
Reserves
500,000,000
mtge.
1964_____
6ft*
rt
taxes
of
ft'ft/ft:' '
$8,194,500
1952
ref.
&
Dec.
due
3 ¥2 ft/bonds
Series
■
3%%
H
Series
series
Co.
bonds
debt
due
bond
Capital
.
Electric
consolidated
"$150,000,000
.
bonds,
subsid.
companies—
meter
Accrued
Outstanding
in
payable
interest
Accrued
unifying &
156,533,925
460,150
public)
by
Inc.
Authorized
-
Power Corp.
.
&
4ft
,+Series G
161,
-
Bond
and to
144,620,625
156,533,925
and
payable
Dividends
and sale
treasury funds
14,408,594"
144,620,625
discount
over
outstanding
Reserves
mortgage
y. V (assumed)
>
and
Drafts
(held
funded
Accounts
$3,143,249.
-V"\
V
.
San
:
Northern Utilities Co.—Partial Redemption—
Matured
1,..
issuance
6,064,493
stock
interest
subsidiary
to
1,
redeemed)
6,044,903
capital
Due
$84,life,000
of
amount
11,517,532
894,316,818 894,382,562
debt
Dec.
due
99,881
11,517,796
stock——,
minority
Customers'
bonds
7,326,085
99,881
—
on
June
redeem on
to
4'/!
7,031,000
charges—^..—14,408,163
Funded
agent.
fiscal
no
company
series G,
principal
13,238,286
secur.i—
receivable
premiums received
of
Total
or
York
New
Govt,
stock
Funded Debt and Capitalization, Dec. 81, 1944
y
>"
of
aggregate
iexcl.
of
30-year •6'?*, gold
stock.—V.
;
bonds
M
in
company
treasury which will also be
purpose
amount
'
;
24,
for
amounted 'to
dividends
on
that
has
company
all of its
the
the
S.
6,156
2,988,507
de¬
time
—
preferred
Res.
on
ages after
$8.3174 on
The
in
of
agency
(U.
Excess
of the company
agency
and
deposits
Common
Principal payable
Chicago.
and at
Francisco
San
4,434,310
6,156
2,988,507
supplies
deferred
First
Interest
1979.
1,
in
4,422,907
Liabilities—
.
'
quarterly dividend of $1.3174
a
and
Total
886,920
13,216,020
invest.
special
and. notes
Total
Chicago is Continental National Bank and
intention
$30,000 held in
estimated
company
March 23
on
of
the
Output—
the 7ft cumulative preferred stock and a dividend of
$I.12j/2 per share on the b'ft cumulative preferred stock, both payable
April 20 to holders of record March 31.
Like amounts were paid on
Jam 20, last, and in each of the four quarters duiTng 1944.
"Arrear¬
share
per
outstanding
Dec.
company
and
Francisco
the
in
plus interest,
apply
Pay Dividend on Account of Accumulations—
The
present
Chicago.
105,
(excl.
160,
for the week ended March
1945, totaled 45,991,000 kwh.; as compared with 40,960,000 kwh.
the corresponding week last
year,
an
increase of 12.3ft.
^Electric
of
Co.
at
of
New York
San
Co. and
1964,
'
Co." (Del.)—Weekly
Power
States
Pa.—V.
Wilkes-Barre,
;:>;/./*/ 'y
;
1246.
p.
trustee,
successor
At
Tiust
in
due
1944,
office
at
in
company
/(Purpose-?It' is the
1345
Dec.'1,
1
1,586,671
_____—
cash
$
832,994,813 833,411,800
demand deposits,
Materials
106.879.
dated
company
York.
is. Bankers
Ail of the outstanding Sayre Electric Co. first mortgage 40-year 57*
gold bonds due 1947 have been called for redemption on April 1, 1945,
at loo
and interest.
Payment will be made at the Miners National
Bank
of
be
and Dec.
1
agencies of
at' office
Trust
;
bid of
a
to
are
payable June
Pennsylvania Power Co.—Bonds Called—
Northern
hand,
on
expense
subsidiary.
Argus will
another subsidiary of
Natural Gas Co., Inc., a
Peoples Natural Gas Co.,
Northern.—V.. 161,
12,
system
Argus
of
merged
its
Co.
Gas
Subsidiary--
R
on
Consolidate
$
equipment
investments
Accounts
Only one other bid was,,
submitted by. Halsey, Stuart & Co., Inc., viz., 106.14.
v*v.
amended
has
SEC
Northern
March 26
and
subsidiaries
Miscellaneous
Co.—$80,000,000 Bonds Offered
M, dated Dec. 1, 1944, and due Dec. 1, 1979.
The offer¬
ing price is 107% and accrued interest.
The under¬
writing group was awarded the issue at competitive sale
16,1, p. 466.
"Northern Natural <Jas
.
Cash
—Blyth & Co., Inc.,"and associates on March 27 offered
$80,000,000 1st and refunding mortgage 3% bonds, series
Postponed—
1944
31,
investments, long-term contracts, etc.—
sinking funds and special deposits,—___
posits
was
the corporation.—V.
policies of
.
which
meeting,
plant,
Temporary
scheduled for March 28, has been
postponed for 90 days.
It will be held in the last week of June, when
more
detailed information will be available concerning the expansion
annual
Total
Pacific Gas <fc Electric
Sheet, Dec.
1
.
k
security
Other
order.
1945, its entire
value SO, at a price of
par
Northeast Airlines, Inc.—Meeting
The
Other
passible
•■i• '•
Balance
Company
Assets—
has called for redemption on May 1,
..The corporation
■
<
Consolidated
■ -
Investments,
Philadelphia—To
Corp.,
Acceptance
1..
•
Property,
■■
American
North
i
•,
office of
at
1945.
1,
evidence will have to be taken by the ICC, before a iair and
equitable reorganization plan be certified, the committee said.—V. 161,
■;
April
on
income
due, April
7,
made
be
will
convertible
5ft
mortgage
Coupon
2'/2ft
of
1431
dltional
' T.V v-;.V•;j'.;
-Interest—
.
THE COMMERCIAL & FINANCIAL CHRONICLE
-
on
—
$5 oref. stock
f
accounts and notes receivable,^$2,368,192;
S. Government, securities (at cost), S2,176 000' non-curernt notes and accounts (less reserves). $69,787;
in¬
vestments (less reserves), $2,022,431; plants and properties (after reConsolidated
Assets—Cash.
inventories.
$2,772,850;
$3,256,786;
U.
Balance
Sheet.
Dec.
31,
1944
1432
THE COMMERCIAL & FINANCIAL CHRONICLE
•
for
-serves
future
to
depreciation
of
•mount
payable,
within
payable
for
reserves
one
taxes
income
on
notes, tax series C, of $1,137,989), $533,300;
secured
State
$203,558;
taxes,
(after
U.
S,
directors
The
record
April
declared
have
first
dividend
a
preferred
stock,
of
The
The previous distribution
17.
May
1
1928.—V.
made in
was
Income
161,
revenues—120,712,144
service
revenues
Miscellaneous
revenues
$4,632,703
expenses
—.
2,325,168
taxes———
884,402
Other
Amort,
of
6,485,565
Total
revenues
222,163,042
utility
operating
'Current
revenues
Depreciation
Tralfic
expenses
Commercial
——,
expenses
____________
Net
and
revenues
10,122,815
local and social
17,006,004
16,132,671
24,733,851
25,596,865
Cr217,748
Crl52,325
1,008,119
income——————————
from
948,995
income.,
1,773,460
funded
on
debt
on
preierred
on
common
21,190,110
4,920,000
$2,646,212 ancP-$87A3&400,
respectively.
The companies used
credits anft-»Uj)l their 1943 credits
through debt
Consolidated Balance
SheeT, Dec.
31
1944
1943
651,669,679
625,497,982
302,859
430,620
Assets—
$
Telephone
plant
Miscellaneous physical
_______
investments
-
propeity
^
1,149,532
;
Notes
646,593
325,000
3,698,896
funds
'Cash
325,000
deposits
•'Working
funds
refunds
on
of
6,515,680
4,303,223
921,300
473,791
taxes
stock
charges
——
___
701,183,163 671,614,582
Liabilities—
Total
stock
funded
(par
246,125,000 246,125,000
$100)
82,000,000
debt
from
Am.
82,000,000
&
Tel.
Unamortized premium
Other deferred credits
fund
and
Unappropriated
Total
New
which
are
The
ICC
ceeding
debt
of
416,837
reserves
214,931,648 195,163,932
178,435
bonds
8,048,948
701,183,163 671,614,532
bearing
shares
of
jCorp.—Listing-
share.—V,
161,
additional
'on
April
stock
(no
reclassification
common
York
share
4.
Stock
stock
for
See
stock
par)
and
directors
making
Exchange
on
the
official
total
notice
24
Years End. Dec. 31—
Gas sales revenue
Other
Total
Gas
service
gas
number
of
oper,
Operation
each
also
V.
share
161,
March
on
April
under
which
April 23
Court
If
of
the
whose
the
before
14
to
order
by
92,491
70,002
Fed.
112,912
exc.
Crl,759,721
charges.
19,040
16,093
27,847
50,096
191,588
209.277
209,277
155,631
209,277
138,762
59,716
v/, 71,914
$3,064,877
$3,685,888
$4,002,602
$4,283,697
65G.000
revenues.
656,000
656,000
656.000
$4.67
$5.62
$6.10
$6.53
held.
be
All
ex
that
the
Exchange
con¬
distribution of
due-bills
must
be
one
redeemed
1358.
p.
declared a dividend
holders of record
April
of
4.
75
" A
30, Oct. 10 and Dec.
corporation
latter
the
will
pay
Gross
listing
Jan.
Deferred
of
$60,-
1,
1985,
Wilmington,
cents
like
per
amount
29, last year.—
&
Int.
to
ity
&
U.
$15,000,000, will
by Pennroad, and nossibly other
Pennroad.
cf
to
persons
Amort,
3,697,222
1,712,500
5,261,500
4,362,935
$4,824,248
$5,313,317
$5,438,872
the
be
Delaware
fund
out
meanwhile,
3,535,536
1,864.629
—_;
stock
Deferred
—
of
1,023,948
(par
65 600,000
61 000,000
65,600,000
$100)
debt
tax
2,443,548
current
Depreciation
656,000
for
174,155
155,272
pensions
1 200.000
53,562
12,915,428
197,202.128
(After
held
in
on
the
received
agreed
to
to
separate
division.—V.
195 423,171
Operating
Operating
27,847
112,912
66,640
84,871
$2,963,094
$3,767,160
$3,948,925
$4,279,183
656,000
656,000
revenues
$6.02
,$6.52
i
of
of
non-callable
of
Balance Sheet, Dec.
31
than
bonds.
Fed.
Other
1943
-
equipment—.
deposits
Deferred charges
154,583,928
refund.—.
"
—_
——_
Total
——.j
under
Phila
Co.
preferred
465,867
1,842,612
9,400,000
691
3,995,700,
10,150,000
1,020,962
.
4,551,504
647,000
and
672,329
;_____——
expense—.—
debt
697,904
$16,488,930 $17,328,763
4,785,921
4,823,573
787,431
844,520
;
to
payments
subs,
and
made
not
by Phila.
returned
188.235
Cr40,274
construction———
for
Cr45,325
.
to
,
v
consol
payments
on
818^148
Consolidated
Gas
stock—
on
reserve
69,192
interest and
for
reval.
of
;
69,192
124,950
155,727
assets
805,499
7is!297
194,822
——______——_
in
>
dividends—
deductions—.
interests
588,206
'
'
'
Co.
.
143,403
$8,889,678
$9,845,936
income:
Divs. on cap. stks. of subs, held
by public—
Min. int. in undist. income of a
subsidiary
191,055,813
i.__
669,000
$17,161,260 $18,026,667
discount
income
Minority
4,896,600
•
2,409,300
Dr.———
guarantees
and
Miscellaneous
Net
2,380
3,409,830
53,564
assumed
Appro, to
3.724,253
7,816,624
690
2,231,100
5,420,000
1,412,104
Taxes
5,720,631
3,179,481
193,608,376
—
debt
reserve
82,738
113,549
tax
I
charged
Guaranteed
3,118,436
and supplies—
S. Treasury bills
—_i_——
Prepaid taxes, insur. & other prepaid
expenses
U. S. Treasury tax notes———
of
732,619
5,511,988
receivable
Co.
11,304,281
—188,899
■____
utility subs..
by utility subs.
revenue
(net)
funded
on
Appro, to
152,366,631
1,308,995
—
Cash
•Accounts
Interest
4
$
1943
3,034,399
-
______
interest
-
9,957,864
post-war
prof,
street
2,140
—
taxes)
income
Amortiz.
1944
and
income
exc.
operating
Interest
■
property
."
income taxes by
income
Gross
(Company Only)
Assets—
leaseholds
utility plant acquis, adjustments
for Fed.
Net
V
$61,667,382 $61,479,416
22,507,791
22,955,370
________—
(after deducting post-war credits)—
Prov. for state income taxes by
utility subs
Other
1944
—3,973,594
and depletion reserves
7,913,508
(other
for
•
expenses
656,000
$5.74
hands
919.
p.
retire,
to
Taxes
Prov.
16,093
161.
12 Mos. Ended Dec. 31—
Prov.
$4.51
held sub¬
Philadelphia Co. (& Subs.)—Earnings—
50,074
656,000
JCredit deposits,
(Not including Pittsburgh Railways and subsidiaries
and other
railway subsidiaries of Philadelphia Co.)
Amortization
148,842
in
accounts.
1358.
p.
Phelps Dodge Corp.—New Plant
Being Built—
Amort,
93,634
—;L_—„
uncollectible
A $4,500,000 wire and cable
plant will be constructed at Fort
Wayne, Ind., as part of the permanent facilities of the
Phelps Dodge
Copper
Products
Corp.,
Wy lie
Brown,
President,
announced
on
March 19.
The new plant will be
fully equipped for copper rod roll¬
ing and for wire drawing, stranding and
insulating on a tonnage
basis.
About 31 acres have been
acquired for the project.The new mill, which is
being built by the corporation without Gov¬
ernment assistance, is not
primarily for increased production of war
materials, Mr. Brown said, and will become a
permanent addition to
the manufacturing facilities of the
company.
It will not be an addition
to the present Fort Worth Inca
division, but will be operated as a
Appro,
share..—
for
reserve
70,002
19,040
per
1 400,000
53,562
13 296,109
Total
Maintenance
159,837
public
35,128,525
1,335,082-
l 327,735
surplus
.
of
102.088
36 973.876
—
surplus
Earned
92,491
charges.
Earnings
346,125
12.693,446
reserves
Capital
Cf1,759,721
_________
656.000
380,501
liabilities
reserve
Miscellaneous
2, 731,982
income deducts.
income
820.199
14 161,223
taxes
Reserve
txc.
—
6,600,386
566,622
payable
^Customers' gas service
1,418,164
22,206
522,330
1 604,353
•
Dividends
Miscellaneous
62,250.000
226.875
interest
Accrued
$7, 421,515
with
Fed.
interest
Miscell.
Net
1,222,242
$6,661,115
bonds—
in
9,400,000
195,423,171
credits
Accrued
$6,003,350
____________
connec.
3,690.700
4,551,504
1,413,835
Accounts payable
640,000
<
1,071,438
2,058,153
2,259.308
10,150,000
5,420,000
Liabilities—
Capital
1,849,900
.
$6,384,755
2,430,455
1,701,875 '
1,561,875
.
93,217
244^900
$7,094,586
1,473,420
$8,039,162'
1,473,420
Liabilities—*
,
stock
($100
par)______
65,600,000
61,000,000
debt
credits
Accounts
payable
interest
Accrued
62,250,000
226,875
507,408
1,239,106
1,210.916
537,047
790,624
—
payable
gas
656,000
current
reserve
for
13,784,781
155,272
reserves
.
pensions—i—
Capital
surplus
surplus
1.152,571
Total
•After
cumulative
Preferred
102,088
1.400,000
53,562
Common
reserve
ject to refund.
for
uncollectible
12,665,668
193.608,376
accounts.
dividends
dividends
—
600^000
269,340
790
p.
790
2,854,856
__—
160,
600,000
269,340
—_
divs.——
2,854,856
2408.
Philadelphia & Reading Coal & Iron Co.—To
Make
First Payments April 1 on Account of
Interest and Prin¬
cipal—
The
make
the
——
non-cumul.
•Preliminary.—V.
53,562
13,077,348
——
preference
5%
12,388,735
31.932,116
1,152,477
1,200.000
!>.
$6
$5 cumulative preference dividends
346,125
34,545,407
liabilities^
—
Consolidated net income—
1
6% cumulative preferred dividends
656,000
380,501
service
taxes
Miscellaneous
Reserve
65,600,000
attorneys
to be
has
supplies.:
bills
197, 202,128
Long-term
3,408,817
2,042,754
1,173,899
2,464,110
6.079,889
1941
3,902,344
1,396,000
debt.
82,927
472,661
5,887,187
receivable
and
Treasury
ject to refund.—V. 161,
1942
of debt disct. &
profits
Other
1943
(
3,786,061
;
Expense in
Accrued
concerned, will be entitled
Pennroad,
A
of
S.
732.619
189,077
Total
bonds reacq. &
on
cancelled
Earned
creation
8.656,846
117,233
S. Treasury notes (at cost)
Prepaid taxes, insurance, etc
ex¬
$
158,472.769
refund-
U.
issue not
Only)
int. to matur¬
Miscellaneous
hearing on
Pennsylvania RR
the notice pointed
post-war
1943
$
7,773,063
1,308,995
■
—
Materials
$5,998,147
long-term
on
Prem.
Depreciation
that
Del.
consummated,
./•;'/
159,542,523
V,
charges
tAccounts
r
6,962,y90
——
Deferred
and
v-
Cash
$37,014,279 $39,832,553 $37,821,147
7,158,644
10,040,687
12,304,145
1,054,413
707,519
609,618
8,473,793
8,813,460
9,250,743
8,982,542
1,130,531
1,166,526
1,286,703
1,285,990
2,826,313
2,836,697
2,799,996
2,736,784
_______
income
for April 23—
Pennroad
Pennroad
1944
Assets—
Plant, property and equipment
miscell.
Operating income __L
Other income
Long-term
notified
of non-callable bonds.
Consolidated Balance Sheet, Dec. 31 (Incl.
Subsidiary Companies)
7,104,499
1,133,597
_
been
Vice-Chancellor for the State
is
have contributed
from
have
between
share
per
bonds,
U.
Consolidated, Inc.—Div.—
23
hands
•Arising from acquisition and cancellation
$37,638,031
—
_________
&
Excess profits tax
directed
in
public
Earnings
the
$37,145,408 $36,533,187 $39,283,087 $37,340,149
492,623
481,092
549,466
486,997
profits taxes-
Dividend
the
Chancery,
compensation
in
Excess profits tax
Special deposits
the
(1)
company
3%%
Special
121,
settlement,
settlement
services
authorized
Investments
shall
Corp.—Hearing Set
of
of
the
1944
revs.
—_
Federal taxes
Plant,
.
j'
agreemenr,
2,992.682
174,155
1,178,315
93,634
income
of
27.
3'/«%
mortgage
____________
Depreciation
State, local
shares
,
.....
President of the
American Water Works
Inc., has been elected a director.—V.
145, p. 1110; V.
Stockholders
2,690,769
22,206
1,012,790.
Investments
of
Thompson,
-Pennroad
the
has
authorized
purchased
Gas produced
■(Customers'
r
2,614,147
companies.
deducts.—-
and
an
of
split-up
Pejebscot Paper Co.—New Director—
S.
$7,883,071
2,641.560
tax
Shares of stk.
pulling
hour,
per
on
March
of
engines.
Incomer Account .(Company
Capital
Earle
placed
listing of 810,000
upon
the
has
April 3,
wasdisburs^d on April 15, June
Electric Co.,
p. 470.
Exchange
first
Materials
payable
capable
100 miles
on
•Arising from acquisition end cancellation
two-for-one
a
shares
Patino Mines &
Enterprises
The
share
$7,164,366
970,163
647,055
intangibles
(TJie) Peoples Gas Light & Coke £o. (& Subs.)—An¬
nual Report—
1247.
p.
Exchange has authorized
common
to
applied for 1,620,000
common
$6,686,372
bonds—_
interest
Net
interest rate of 3%%, was made by Blyth & Co.,
associates.
On this basis the average annual cost of the
•Reduction
Common Stock Distribution—
tracts in
of
subsid.
Miscell. inc.
Inc., and
proceeds to the company will be approximately 3.39%.—V. 161, p. 1358.
921,300
—
Airways
Stock
pursuant
New
Feb.
on
Shares of stk.
The
$6,704,756
disct,
of
Equipment Order—
locomotives,
announced
was
mortgage
$50,000,000
expense
4
;
per
outstanding
$6,151,576
matur¬
debt
of
$50,000,000 of series D bonds were offered for sale through com¬
petitive bidding, and invitations to bid we re sent to 171 investment
banking firms and insurance companies, the bidder to specify the rate
to be
borne
by the bonds in multiples of
'/« of 1%.
In response
thereto bids were received from the representatives of two
groups
of
prospective purchasers.
The better1 bid,
99.71 and interest, for
167,481
9,624~594
Z21ZI
_
Panhandle Eastern Pipe Line Co.-Listing of Common
listed and
$5,716,208
$6,464.762
_____—
to
of
Amortiz.
^The
230,152
Stock—
additional
steam
multi-cylinder
36,869,220
220,424
(net)__
The New York Stock
Exchange has authorized the listing of 3,986,522
(par $2.50)'on official notice of issuance
pur¬
to the proposed
split-up of the corporation's
capital stock of
the
value
$5
the
3,837,650
period
series D, to be sold
at
99.71
and
interest
and
the
proceeds
applied
to
the
redemp¬
tion
of
$52,467,335 outtsanding first mortgage bonds consisting of
$26,442,335 of series A 5%, $4,468,000 of series B 47c, and $21,557,000
of series C 4Vs%, and (2) to
procure the authentication and delivery
of not exceeding $10,000,000 of additional series D
bonds, to be sub¬
stituted for $10,045,000 of series C bonds held in the
applicant's
TreasuryA777<'V'.:V'7'.
''
2,829,775
12,503,883
shares of capital stock
York
$5,401,465
1,063,2.97
___
expense
Other
Pere Marquette Railway—Bonds Authorized—
suant
Issuance
80
Federal income taxes
—„
surplus
American
The New
it
Stock
Excess
162,054
funded
on
I
par
3,837,992
stocks for
bonds, Series F, due
issued and outstanding.—V. 161, p. 1099.
issuance
Pan
York
13,070,054
16.120.379
liabilities.
1358.
p.
int.
•Reduction
6,502,597
$5,789,730
Listing of General Mortgage Bonds—
The
7,795,881
de¬
42,259,393
current
amortization
—_
161,
order
on
18,700,000
.
customers'
Contributions of telephone
plant
Surplus reserved
-V.
and
54,568.000
2,096,855
pavable and other
liabilities not
Depreciation
on
24,300,000
Co.___________
posits
Accrued
5,800,422
$5,592,670
trains at speeds up to
fast schedules, have been
54,568,000
Tel.
Notes sold to trustee of
pension
Advance billings for service and
Accounts
&
issuance
-
Railroad,
Maintenance
(par $100)
stock
Advances
trains
service
4,817,811
——384,499
profits
4,498,439
2,823,879
4,817,811
excess
capital
deferred
Preferred
460,398
$457,888
multi-cylinder
22,992,334
6,083,231
supplies
Post-war
"Common
$11,292,327
.
Discount
Total
1,519
24,880,513
Prepayments
Other
117,249
330
„
and
412.845
,/
126,365
—
receivable
Material
2,161,161
4.417,703
1,930,247
5,389,022
4,158,635
422,128
receivable
Accounts
3,539,650
1,507,512
bonds
and
Twenty-five
engines will be built by the Baldwin Locomotive Works, and 25 engines
and 50 tenders in the Altoona, Pa.,
shops of the railroad.
The new
locomotives will go into service this year,
giving the railroad additional
newly designed and more powerful engines to help move the war
load, the announcement said.
The
Pennsylvania RR. now has in
$6.69
share
common
$207,934 of their 1944
retirement.
Special
2,951,701
4,031,370
7,163,519
taxes—
long-term debt.
on
Amortiz.
50,195
passenger
Pennsylvania
4,920,000
and
Sinking
3,004,736
3,809,301
1,809,680
2,058,153
income
Gross income
$11,242,132
86,720
465,645
1099.
p.
powerful
freight
15,382,812
$6.61
;
21,382,012
15,882,812
stock
stock
$764,255 for 1943 were charged to miscellaneous deduc¬
tions from income in accordance with
accounting requirements of the
Federal Communications Commission.
The
companies consider that
these latter amounts
were, in fact, operating expenses and should have
been accounted for as such.
tThe provisions for excess profits taxes
for 1944 and 1943 are after deduction
of the total excess profits tax
•Other
161,
full-length
Cr9,728
•The total provision for employees' service
pensions amounted to
#6,428yl99 for 1944 and $5,044,012 for 1943, of which amounts $709,912
Credits of
3,026,914
3,876,967
miscell.
income;-
Prem.
$404,975
—
to preferred
000,000 general
Dividends
1944
Other
3,455,833
$918,286 $11,393,092
$870,620
—
applic.
Fifty
1.654.450
Cr9,728
(net)
income
Dividends
for
&
taxes
Excess profits taxes
1,773,460
989,638
premium
per
73,042,035
23,590,130
interest
Earned
5,600
Pennsylvania RR.—Places Large
934,659
21,189,684
taxes
•Miscellaneous deductions
Bond
interest
Net
Federal
13,695,081
income
Other
V
' 365,169
3,008,580
local
profits
19,322,857
taxes——10,331,354
operating
Release of
3,686,667
$912,686 $11,306,372
9,545
_—
income
—V.
profits
excess
taxes, principally State,
security
Net
charges
Net
38,531,377
75,661,339
Other
Other
481,589
<
•
,
income
tFederal
—_
Federal
144,056
$861,075
(net)—_
income
Divs,
15,956,952
miscellaneous expenses
operating
Federal
311,667
144,056
revs
Gross
24,096,503
1,088,735
21,765,853
__________—^
Operating 'rents
General
-
Exp. in connection with
34.360,253
—
__
State,
203,982,764
38,257,663
24,685,674
44,183,826
__________
expense
1945—12 Mos.—1944
plant
oper.
'V
.
$43,088,396 $42,782,323 $44,681,517 $42,746,828
11,805,581
12,086,689
14,121,393
16,293,539
1,133,597
1,054,413
663,861
570,780
8,036,083
8,700,165
9,018,176
8,791,441
1,155,093
1,189,931
1,311,537
1,137,658
revs..
;
Maintenance
ity
507,000
221,600,042
_
maintenance
purchased
Operation
204,489,764
563,000
revenues—_—
356,652 1
.
produced
Int.
—_—
Interest
Total
operating
182,366
saies
Total operating
Gas
4,378
income
1941
550,057
limited-term
of
Net
1942
481,682
subsid.
Operating income
258,333
acquisition adj.
5,313,045
Subsidiary Companies)
1943
499,078
Depreciation
investments
114,032,056
85,144,663
(Incl.
1944
revs._
from
non-utility
Gas
$4,512,927 $51,064,297 $49,654,728
2,278,325
26,861,070
25,966,059
837,867
7,418,527
6,956,233
172,382
1,647,605
2,030,093
159,669
appropriation
serve
profit
by
,
Property retirement re¬
Other
Uncollectible
Gross
;
»
94,965,334
—
taxes
Amort,
A.'-v's
service
Total
1945—Month—1944
—
Federal
Account
$42,589,318 $42,118,273 $43,974,807 $41,900,070
Exchange has
revenues
1943
■
Local
_______——
Stock
York
Income
revenues
Otper gas service
Corp.—Listing of Ad¬
■i'-"1;
Operating
Statement, Years Ended Dec. 31
1944
—,
Operating
■
Period End. Jan. 31—
Telephone & Telegraph Co. (& Subs.)—Report
Comparative Consolidated
New
Consolidated
Years End. Dec. 31—
1247.
Operating
''.i''
> Pacific
161. p.
authorized the listing of 24,000
additional shares of common stock
(par $1)
upon official notice of
issuance and payment in full upon
exercise of options to officers,
making the total amount applied for 505,790 shares.—V. 161, p. 1247.
share on the
to holders of
per
1093.
p.
the fund.—V.
of
Pennsylvania Power & Light Co.—Earnings—
$1.25
payable
Judge George A. Welsh, of Philadelphia, the
due to such claimants, with an over-all limit
ditional Stock—
reserves
of. subsidiary
notes
Court
Pennsylvania-Central Airlines
*
Treasury
Pacific Coast Co.—Resumes Dividend—
non-cumulative
20%
of
notes,
for other Federal
companies, $1,890,000;
reserve for post-war adjustments, $350,000; $5 preference stock (101,434
'shares
no
par), $10,143,400; common stock (380,735 shares, no par),
*5,'711,025; capita' surplus, $781,156; other surplus, $6,684,552; total,
$27,607,280.—V. 160, p. 2407.
«nd
District
to
question of the amounts
and
^221,000; interest accrued on notes,
year,
Federal
serial
$1,07.9,057;
submit
deferred charges
$14,856,656), $14,835,547;
operations, $105,686; total, $27,607,280.
Liabilities—Accounts
1110,233;
Monday, April 2, 1945
:
:
-
tCredit
191,055,813
deposits held sub¬
of
^
recently-organized Philadelphia
its
plan
first
on
principal
Under
the
payments
on
April
1945,
on
plan,
each
1,
$1,000
whi^h
account
when
bond
b^ame
and
& Reading Coal & Iron Co. will
interest and principal
under
it
will
pay
$50
on
account
of
$15
elfective
(Continued
on
in
Jan.
page
interest,
l.
1045,
1467)
a
total
company
of
$65.
issued
Volume
161
THE COMMERCIAL &
Number 4373
Stock and Bond Sales
DAILY
NOTICE—<2*sn
and
FINANCIAL CHRONICLE
New York1 Stock Exchange
«»
WEEKLY
-
1433
YEARLY
-
disregarded in the day* range.' unless they are the only transaction! of the day. No account la taken of such sales in computing the "range for the year.
deferred asiivsry ulN
vsm
4
United States Government Securities
Below
furnish
we
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
a
Figures after decimal point represent one or more
week.
Dally Record of
Mar. 27
Mar. 26
Mar. 24
Prices
U. S. Bond
32d of
Mar. 28
Vis, 1947-52
[Close
the New York Stock Exchange during the current
on
point.
a
Mar. 2!)
;
Mar. 30
Daily
[High
.4 Low
Treasury
4
the New York Stock Exchange
on
of
Record
Treasury
/2%s 1965-70
J
in
Low
sales
in
101.9
101.9
101.12
101.12
101.12
(High
Low
[Close
$1,000 units
1951-55
—
Holiday
Total sales in
._■{
High
Low
2%s, 1954-56
Close
[High
113.25
113,25
113.24
113.25
113.24
[Close
/;
$1,000 units.
1
1
$1,000 units
T'.TT- T"1 ■'■'vT-T
113.25
._■( Low
Total sales in
2%S
102.9
[Close
102.9
:yy
10
;
9
High
Low
2a.
Close
»/.
Low
1947
Close
-
Total sales
Total sales In $1,000 units.
In $1,000
units—.
High
( High
J Low
2%s, 1948-51
2s, March
.LOW
1948-50
Close
[Close
Total sales in
Total sales
$1,000 units.
in
$1,000 units—.
""[TlTgh
.J
244s, 1951-54.
High
Low
Low
2s, Dec. 1948-50
Close
(Close
Total sales in
Total
$1,000 units.
"("High
._■{
24*8, 1956-59
in
sales
$1,000 units
High
Bi, June, 1949-51
Low
[Close
Total sales In
[Close
Total sales In $1,000 units
"Tmgn
y/yVi
Is,
Low
I High
■{ Low
1949-1951
Sept.,
[Close
[Close
Total sales in $1,000
$1,000 units.
""["High
.J
1945
Close
:
(High
March,
2s,
Low
1950-1952
Close
Total sales in $1,000 units
$1,000 units.
"Tmgh
J
1948
Holiday
yy.(High
Sept., 1950-1952
{ Low
Total sales in
[close
Total sales
$1,000 units.
""["High
sales
Total
in
$1,000 units
[High
2
(High
,
1951-55—
Low
^ow
(Close
(close
Total sales in $1,000 units
Total sales In $1,000 units.
(High
[High
$1,000 units.
4
(High
—\ Low
1952-54
2s, Dec.,
Low
102.4
$1,000 units..
-
[ High
102.4
(Close
Total sales In
244s, 1956-58
[Close
(Close
Total sales in
"Tmgh
Low
102.7
102.7
[High
[Close
Total sales
101.15
101.15
In
l%s
Total sales In
101.11
Home
102.8
102.4
1
*2
in
[High
\ Low
(Close
$1,000 units
Loan
Owners
[High
2
"Tmgh
Total sales in
','\y
101.11
$1,000 units.
101.12
Low
•
1%S, 1945-1947
101.12
._•[ Low
[Close
2%s, Dec., 1964-1969
102.12
101.11
Low
[ Close
102.4
102.4
$1,000 units
:,y.
Total sales
f Hiffh
._•{
in
1948
:
5
$1,000 units
244s, June, 1964-1969
sales
101.15
Low
4
1963-1968
102.8
102.8
JHigh
{ Low
[Close
1953-55
Total
10
Total sales in $1,000 units.
844s,
28
102.12
102.12.
15
units
102.7
(Close
844s, 1962-87
Total sales in $1,000
r
$1,000 units.
._•{
102.4
] Low
1952-54
2s, June,
._■{ Low
[Close
Total sales in
102.9
T&tal sales in $1,000 units
5
"Tmgh
2V4S, 1952-54
102.9
102.9
■
;
107.14
Low
[Close
2s, 1951-1953
107.14
$1,000 units.
.J
in
107.14
._•( Low
[Close
2 44*. 1950-52
Holiday
2s,
Low
[Close
2%s, 1949-53
Low
•
>
[Close
2%B,
Low
Total sales In $1,000 units
"["High
Total sales In
c
High
1949-1951J2lLi
ll, Dec.,
Total sales in $1,000 units.
2%s,
units
...
._■{ Low
[ciosa
244s, 1960-65
Low
•
o/'y'yyyy'
$1,000 units.
244S, 1958-63
Total sales in
102.9
[High
{ Low
1956-59
High
244s, 1945-47
Holiday
Low
•
Total sales in
$1,000 units.
27/BS, 1955-60
III!
$1,000 units
[Close
Total sales In
ill
(High
_J Low
[Close
....
$1,000 units.
2
[Close
[High
3s,
8
$1,000 units
2% 8, 1952-55
[close
101.12
|
Total sales in
$1,000 units.
101.12
9
2%s, 1951-53
._•} Low
Low
Total sales in
9
101.10
High
1946-48
101.11
21
Low
'
Total sales in
[High
3b,
101.9
1
101.14
[Close
Total sales In
101.10
1
(High
{ Low
[Close
—
101.14
$1,000 units
244s, 1967-72
$1,000 units.
3%s, 1949-52
101.9
\
2j/2S, 1966-71
Total
I
101.11
101.9
'
(Close
Low
[High
Total sales in
101.9
101.10
$1,000 units..."
[close
.-I
Mar. 30
Mar. 29
101.10
101.14
[High
$1,000 units.
3%s, 1946-49
Mar. 28
101.14
Close
Total sales
—
-
Low
[High
Total sales In
/
Mar. 27
High
—
Total sales In $1,000 units.
344s, 1946-56
.
Mar/26
Mar. 24
L. «i. Bond Prices
[Close
Total sales
in
$l,000 units
101.12
•Odd lot sales.
1
$1,000 units.
NEW YORK STOCK RECORD
;
Monday
Saturday
$
per share
•62
114 y
64
11%
•71'A
13%
•34%
•23 »A
44%
•105
10%
71%
73
61%
62
•112%
112%
*63
65
•63
64
11%
112%
.
$ per share
61%
,'•61
114
•112%
65%
•63%
10%
11
11
71%
71
71
•70
13%;
13%
13%
13%
34%
34%
•34%
22%
24
22%
44%
43% "'44%
y
13%
13%
•34%
35
22%
44%
62
114
65%
11%
72
13%
35
23%
22%
44
•106
106
106
Mar. 28
11
35
107
Wednesday
"•
$ per share
per share
61%
63
•112%
Tuesday
Mar .27
Mar. 26
Mar. 24
$
*
•
y
23%
44
44%
106
110
106
Thursday
Mai■. 29
$ per share
62
-
•111%
•63
10%
•70
13%
•34%
23%
X44
•104
(.••••
STOCKS
the Week
Mar. 30
< per share
30
....
65%
40
.
11
4,600
72
400
6,000
13%
35
200
—
23%
300
—
3,800
44%
20
107
'
6%
6%
6%
2%
3%
3
41
63%
62%
29%
28%
29%
99%
•95
15%
14%
•16
31%
*
99%
14%
27/s
■
31%
4,400
6%
199
41%
40%
26,700
62%
63
63%
29%
30%
30
_1
41%
62%
•95
14%
99
15%
•96
15%
70
__
3
30%
__
__
••
14,000
1,600
7,200
99
15% -
154
154
155
155%
♦154%
156%
16%
153%
17%
•95
14%
15
3
6%
198
40%
41%
61%
99%
155%
2%
3
39%
30 ya
•31%
7
203
62 y4
15%
•16
7
♦196
40%
•97%
155 y2
2%
3
7
204
61%
■
29
30
6%
•195
39 ya
42
•62%
6%
201
201
204
•201
•16
17
♦16
17%
*16%
31%
•31%
31%
31%
31%
31%
1,600
900
18%
155
31%
see
page
1443.
.
,
EXCHANGE
preferred
Motors
Acme Steel
Adams
700
par
60 % Jan
22
111y2 Jan
No par
Abraham & Straus
ACF-Brill
$ per share
100
No
Abbott Laboratories
4%
Highest
,
Par
2.50
Co
25
Co
Express
Corp
:
Adams-Millis
Address-Mutigr Corp
Air Reduction Inc
Alabama & Vlcksburg Ry
No
1
Par
10
No par
100
Alaska Juneau Gold Min._
10
Albany & Susquehanna RR
100
Allegheny Corp
—1
5 Mr® pf A with $30 war
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
—No par
Alleg & West Ry 6% gtd
100
Allen Industries Inc
1
Allied Chemical 8s Dye
No par
Allied Kid Co
—r~
For footnotes
.
Allied Mills Co Inc—
Year
Range Since January 1
Lowest
Shares
900
62
114
•
Range for Previous
•
NEW YORK STOCK
Sales for
Friday
./•
$ per share
X65% Mar
7
17
114
Feb
14
Jan
15
66
Mar
14
9% Jan
2
13% Feb
19
Jan
2
80
Jan
1
60
68
1944
Highest
Lowest
t per share
52%
S per share
64 y2
Feb
114
108% Nov
47
64
Jan
Jan
,
Dec
Nqv
Dec
13 % Mar
26
15% Mar
1
10%
Jan
32% Jan
24
34% Mar 20
26 y2
Jan
33
22% Jan
15
26% Mar
1
19%
Jan
24%
39% Jan
2
48
Mar
6
37% May
98% Jan
22
106
6'/Wan
2
8
Feb
28
173% Jan
22
211
2% Jan
24
34% Jan
22
49
Jan
75
5%
Jan
Apr
Dec
66
14
Mar 26
Jqn
10%
8% Aug
53
Jv|n
Dec
Opt
43
July
100
Dec
7% July
181
Feb
20
124
Jan
4% Mar
2
2
Mar
Mar
5
23%
Jan
36
Dec
23
68 % Mar
1
37
Jan
62
Dec
28% Jan
24
34% Mar
7
24'A
Apr
29% July
Jan
11
13% Jan
2
56
91
153 % Mar 26
100
Mar 22
17% Mar v7
165% Mar
5
15% Jan
2
18% Feb
No par
31% Jan
2
34% Mar
6
23
1
70
9%
141
Jan
Jan
Apr
3>A
91
15%
157
Nqv
Dec
Dec
Oct
Dec
13% Mar
16%
29
35 y4 Mar
Aug
Feb
& FINANCIAL CHRONICLE
THE COMMERCIAL
1434
Monday, April 2, 1945
NEW YORK STOCK RECORD
LOW AND
l
$ per
per share
21%
5
share
21%
$ per share
share
per
the Week
$ per
21%
22
102%
102%
43
43%
41%
*116
117%
25
115
102%
42%
101%
115
♦102
24%
22
115
24%
24
*101
102
43%
316
116%
900
24%
1,200
24%
24%
Lowest
Stores
$ per
Year
4%
share
par
20¥8Jan
24
100
100 ¥2 Feb
20
-No
par
38 ¥b Jan
2
100
113 ¥2 Jan
No
preferred—.
conv
Highest
No
par
Corp
5% preferred—
Allis-Chalmers Mfg
6,100
43
116
*24%
24%
Allied
400
102
102
43%
116
115%
24%
Range Since January 1
Par
5,600
21%
21%
102
42%
42%
41%
21%
X21 %
Range for Previous
STOCK
EXCHANGE
Shares
share
*
21%
NEW YORK
Sales for
Mar. 30
3914
'
w-
Mar. 20
Mar. 28
t per
share
Friday
Thursday
Wednesday
Mar, 27
Mar. 20
Mar. 21
STOCKS
HIGH SALE TRICES
Tuesday
Monday
Saturday
—
Alpha Portland Cera
23
Jan
Lowest
$ per share
25
Mar
6
102% Mar 26
463% Mar
6
122'% Mar
19
8
Feb
10
27
Highest
?
$ per share
$ per share
14% Jan
22 3%
96'%
Jan
33'%
Apr^.
105
17%
Dec
103
July
40% July
118
Apr
July
24 ¥4
Apr
Dec
i
4%
4%
4%
4%
44%
*43
45
*43
*113
116
108
*28%
'
108
44
*43
112
28%
45%
43%
44%
44
22%
23%
22%
22%
74
*72%
73%
73%
*72%
46%
48%
— —
23%
*23%
24%
—:
75
*74
75
*74
29%
29
18%
17%
19
18%
17%
*41%
42%
42%
132%
43%
134
132%
*132%
18%
18%
18%
*18%
18%
43%
134
*132%
'
«*-»'•
11%
11%
11%
11%
11%
11%
11%
11%
92%
93%
90%
92
91
91%
91%
91%
91%
92%
—L
192%
193%
193%
193%
*192%
41%
100%
27%
27%
28%
122
43
42%
42%
28%
115
28%
115%
2,000
,
4,700
Feb
21
28'%
126
Feb
20
82
Mar
,
7%
Am
4,600
29
70
115%
31
6
26
May
31 ¥2
24
48'% Mar 29
40
Dec
45 ¥2
2
19
16
Apr
23'% July
:
50
69 ¥2 Jan
30
75
Jan
4
60
Jan
72 ¥2
Dec
24
21% Mar
7
19%
Jun
28
7%
Jan
37 ¥4
Jan
126'%
Apr
133
Sep
11% Mar 26
13% Jan
12
8
May
14
July
—25
89 ¥2 Feb
94% Mar
1
82
Mar
95 ¥2
July
—100
183% Jan
5
183 ¥2
Nov
_1
20
Jan
8
par
27
Jan
2
—100
110
Jan
3
119
440
American
Chicle
15%
15%
15%
15%
15%
*15%
16
600
American
19%
19%
19%
19%
20%
20%
21
4,800
American
9
126
Colortype Co
Crystal Sugar
*107%
109
107%
107%
*107%
109%
*107%
109%
34%
35
32%
34 -
33%
34%
3%
3%
3%
3%
*3%
3%
*12%
13%
*12%
13 %
*12%
*31%
32
30%
33
122%
122
123
:
33%
■
v
3%
13
*12%
31%
*30%
3%
3%
*97%
4
6%
Amer
:■
'
34
400
—
1st
3%
Amer
98%
98
21%
21%
21%
21%
21%
21%
21%
5,500
$7 2d
92%
92%
92%
*92%
93%
92%
93 %
1,100
$6
42%
42%
41
42
40
40%
41%
41%
*41%
42%
1,100
5%
*45%
72%
5%
7%
7%
8%
8 ¥4
8
600
—
27
Tiling
Encaustic
1
3% Jan
2
4% Feb
14
No
preferred A
American
10'%
Jan
Nov
15
Aug
Mar
20%
Dec
101 ¥2
Feb
A107 ¥4
21'%
Sep
36 ¥»
Dec
2'% Mar
4%
Aug
14
3
15 ¥2 Feb
20
8
Apr
11%
3
34% Mar
5
23
Jan
29
2
4'% Mar
5
1%
Oct
Dec
Dec
Mar
5% Mar
Jan
2
Feb
1
68
Jan
203% Jan
2
24% Feb
8
15%
Jan
257%
Apr
Mar
1
94% Feb
1
59
Jan
94%
Dec
15
33
Apr
40'%
Dec
6 ¥4
Aug
91
383/s Jan
10
24
3
101
44
Mar
6% Feb
27
3'%
102
Jan
Jun
1
5
50
47
1
51
Jan
13
39% Mar
46
-1
68% Jan
2
74% Feb
21
65
Mar
76 ¥2
Oct
No
&
par
6% Jan
5
10'% Feb
8
4
Jan
7%
Aug
70
Jan
15
89'% Feb
6
61
Jan
79'%
No
par
9
Jan
3
11'% Mar
7
7'%
Apr
9% July
—1
7% Jan
3
83/4 Feb
13
6'%
Jan
9¥4
Leather
preferred
American Home
2,000
15
108'%
Jan
96
par
No par
Hide
Mar 29
2'/a aJn
10% Jan
27
-No par
Hawaiian SS Co
conv
131 ¥a
36'% Feb
preferred
6%
71
Feb
2
21
109 ¥2 Jan
American
3,500
5%
¥/7t:
71%
71%
27% July
115 ¥2 July
5
American
47
*45
48
71%
7%
8
8%
*8
5%
5%
v *45
47
71
70%
70%
5%
*45
47
*45
72%
5
5%
5
5%
47
.
Jan
Nov
24
'
,
23
107
30'% Jan
preferred—I
$7
1.100
97%
Jan
17'% Feb
21
Dec
1
19
106 ¥2 Feb
No par
20%
Feb
20
No par
1
92
31 ¥« Mar
100
stamped
Co
European Sees
96
99%
3
Amer & Foreign Power
93%
42% July
Jan
22
American Export Lines Inc
22%
99
Apr
68%
18 '/a Jan
2,000
21%
Jan
33'%
13% Jan
6,200
92%
170'%
1
10
3%
31
112¥2 Mar
par
Oct
19
Mar
10
preferred-
Distilling
American
13
No
31%
*12%
98
50
5,100
L
108%
4
3%
97%
,
33%
31%
3%
*108
13
30%
32
3% v3%
122%
122
107
46
.
Mar 21
45% Feb
Jan
96
No
Inc
preferred
19%
122
194
39
'
15%
3%
10
47'A Feb
135
par
No
15?$
..
20
—100
Fdy
20
Dec
8
Feb
preferred-
19%
*15%
Jan
17
Mar 21
130
—:———
&
28'A, Feb
Jan
x41
100
Chain & Cable
conv
16% Jan
1
—No par
Corp
non-cum
5%
,
Nov
110% July
24
Bosch
American Car
000
-
Jan
Dec
42%
Mar
Jan
preferred
Preferred
350
43
102%
*102
115%
27%
27%
.
■
194
43
101%
101%
115
*113
114%
121% 121 %
193%
101
101
.
114%
116%
*121%
192%
,
42%
41%
100
28
28
193%
193
42%
102
*114%
*98
49
2
42 ¥4 Jan
Amer Cable & Radio Corp
American Can—
15,600
L—
42%
5'% %
10
12%
3%
2
1071/2 Jan
¥4
203/4 Jan
Brake Shoe. Co
Am
600
,
134
*132%
12
3%
433/4 Jan
par
4
5
(new)
preferred
American
3,400
43%
43.
42%
42%
134
Jan
10
Sana
6%
57% Mar
Note
Airlines
American
20
Corp.—No
Agricultural Chemical_No par
American
1,700
■
6
2
50
preferred
Petroleum
6,800
:
■
102
Amer
500
28%
46%
3% Jan
1
'
43%
*132%
;
Amerada
800
114
23%
73%
29
'
6% conv
45
*42%
*111
Amalgam Leather Co Inc
2,100
28%
44%
24
11
4%
45%
28%
45%
29
4%
44
*109
24
*28%
4%
108
*43
111
4%
4%
4%
1
Products
Ice
Jan
Mar
Nov
:
8 ¥4
8'A
*8
*48 ¥2
49
32
30'%
*110 ¥2
110 ¥2
111
r-v-
V
49
*48 ¥2
31 3/4
,
31'%
80'%
*78
80
9'%
9%
,03/4
9%
8 '/a
*78
79
79
81
*93%
9>%
*9%
8
8 Vb
8'%
*48 ¥2
'
30'%
79'/2
80'%
10
*9%
49
L—
...
American
18,200
American
5%
32 ¥a
110'%
*109%
22'%
22 ¥4
22%
12 ¥4
12
27'% ,
27%
27%
I
12¥4
27%
21
22
213/4
11%
12 ¥4
27'%
273/4
*110
32%
—
preferred
Irfternat
900
49
*48'%
32%
313/4
110
6% non-cum
Amer
1,000
8'%
12'%
31%
300
10
*8 ¥4
8'%
*48 ¥2
49
109
110'%
':
Co
111
of
—
preferred
conv
No
7%
6,200
Amer
Mach &
Fdy Co_
Amer
Mach
Metais
'2,600
Amer
Metals Co
.
—.
11
Dec
Aug
49
Feb
8
46
Jan
50
Jun
par
26
Jan
22
343i Mar
1
14%
Feb
28'%
Dec
Jan
30
112'% Feb
27
80 ¥2
Jan
111¥4
Dec
_50
Locomotive
500
2,400
110
100
Corp-
Invest
50
Jan
100
par
21
Mar
26
253% Feb
7
143%
Feb
24 ¥2
-No
par
11% Mar
27
14% Jan
9
8%
Jan
123% July
No
preferred
108
par
24% Jan
24
31
6
Feb
26
130 ¥2 Jan
26
-
'
213%
21%
21
21%
123%
28
12'%
12'%
12 ¥a
28
28
27'%
*138
139
■:
138
138
138
138 ¥2
45
43
43¥4
137'%
139
*137
——
I
310
137'%
'
4%
43
4¥4
70
70'%
67'%
69'%
63 %
64%
61
63%
123/4
13
12 3%
123/4
*182'%
185
182'%
182'%
*44'%
4 ¥2
45
'
,
!
4'/4
4'%
22
22
21V4
21%
20
36
37
36 ¥2
21
68'%
69
69
69%
69'A
62%
63%
63%
64
13
12%
13'%
12%
13
*180
17
173%
17 ¥4
17'%
83%
84 ¥2
84%
85'%
21 /
21
21 ¥4
21%
21%
22
21
21
21
*20 5/4
21%
21 ¥2
21%
36 ¥2
36 ¥2
36%
36 %
36%
*35%
36 ¥2
42 ¥4
42
166%
166
166%
165
*42
42 ¥a
49
29%
22
22
24
43
24
V,
43 ¥4 / 0
166
28%
2D ¥2
158
30
20 ¥4
20%
t
21
23
23
i
48
48
47
47
*136
140
*136
140
*136
140
32
32
19
32
19
...
¥
32
161%
69 y4
47
46%
160'%
162%
70
68
153
14%
14%
154
13% ,14%
,
152 ¥2
13 ¥2
V
9%
46
44%
45 ¥2
43%
121
45%
*120
119%
119%
*119%
9 ¥a
9%
9 Vb
9%
*105
105%
*104
9%
*106
5%
106
100 Va
,
*104
9 ¥2
9'%
10
107%
¥4
137
*32
33
160%
67%
69 ¥2
69
,9%
105
5%
5'/2
*41
41%
40
40%
40
41
*28%
29
28
28%
27%
28
112%
14%
4%
*50%
52%
7%
7
.
*12%
10 Ve
111
112%
14%
50
7
,
*
¥2
51 ¥2
50%
6%
4
6%
7
*108%
84%
104
105 ¥2
106
112
111
10%
43%
43%
43%
43%
43 ¥2
43 ¥2
43%
12
12
12
12 ¥a
12%
*12%
10 ¥a
10 ¥b
18%
.
115
10 ¥4
19
18 ¥2
10 ¥4
10 ¥2
19 ¥4
'
45
*45
53
*45
110
108
108 ¥4
*107 ¥2
109 ¥2
*107 ¥2
82
83%
81 ¥2
83%
83 ¥4
106%
106 ¥4
53
107 ¥4
107%
68%
64 ¥2
66 ¥2
64 ¥1
66%
65 ¥4
36%
36
37%
35¥8
356/8
35 ¥2
'
*73
78
106
78
*73
80
15%
*56%
33 %
31%
32 ¥t
111%
32%
♦111
111%
111 ¥2
15%
15%
15%
15%
57
56 ¥2
5§%
*56%
57
65 ¥4
117%
117%
;
64%
64 ¥4
*117%
31%
*111
64 ¥2
119
*117 ¥2
32%
32%
111%
64 ¥2
119
111
-*
*56¥2
Arnold
360
2
157
Jan
65
25
■'/'/
•'
6%
7%
10
66'%
1
5%
Atch
80
Atl
600
G
323/4
33 1/4
111
-
33
7,200
111%
15 ¥4
15%
57
55¥2
180
153/4
56 ¥2
66%
119
*117 ¥2
663/4
5,000
„
T—
_No
par
8% Jan
23
_N0
Elec
par
99% Jan
11
No par
1
9
Jan
100 Va Mar
53/s Mar 27
5%
20
Jan
253%
Dec
56
8
20
121 ¥2 Mar
llVa Feb
563/4
57%
139
39i%
Apr
116%
Apr
28
6%
Jan
7
84'%
6'%
67'%
21
16 ¥4
100
Jan
7% Feb
Dec
Jun
49
120'% July
Jan
11
123/4 Jan
116
July
15%
Jan
11
Jan
107'% Mar
July
75
152% July
Jan
15
Dec
75
Jan
Jan
Jan
11
Jun
166%
Jan
8%
Dec
31 ¥2
26% May
156
pec
Dec
Aug
Nov
91/2
107
EMC
Dec
6 i/s July
Jan
69% Mar
1
44
Feb
34% Mar
6
24%
Jan
29'/4
Dec
par
38'% Jan
6
47
Mar
6
25
Jan
39
Dec
241/2 Jan
6
29'% Mar
15
20
Jan
28% July
Mar 29
114'% Feb
17
112
Nov
117'% May
110
13
5
No
Illinois
par
_5
No par
100
—No
par
5
Corp
Feb
1
151% Mar
6
93A
Jan
4¥b Jan
2
5% Feb
14
2'%
Jan
Feb
8
50
Mar
26
56
42
Jan
■
65
Dec
14¥4
Dec
43/4
Aug
57
Jun
2
8% Jan
30
4%
Apr
102 ¥2 Mar
27
115% Feb
14
74i%
Jan
107'%
Mar
27
126
Feb
2
85
Jan
119
43¥s Mar 26
4734 Feb
21
35%
Apr
46%
11 ¥2 Jan
14'% Feb
21
9%
Feb
12 ¥2 July
6% Jan
111
2
12% Feb
8'%
Jan
Dec
Jan
133/4
Jun
Jun
10
Jan
2
1
18
Jan
20
12'%
Jan
113
Jan
3
117
Jan
18
90
Jan
113
Dec
—100
111
Jan
4
117
Feb
14
85'%
Jan
113 ¥2
Nov
Mar
9
45'% aJn
19
33
May
45%
Sep
•
preferred—
No
par
par
45
100
106
—100
Jan
12
76% Jan
31
21'% Mar
5
67% July
100
No
:
Dry Goods
preferred-
1
19%
Dec
108'% Mar 23
1031%
Jan
108 ¥2
Nov
19
53'%
Jan
83'%
Dec
82
Jan
106 ¥4
86'% Mar
Dec
Jan
30
109
Mar
3
100
48'% Jan
22
75
Mar
16
25%
Jan
55
Dec
_1
33»/4 Feb
1
39 ¥4 Jan
5
25
Feb
387%
Nov
—100
.74¥2 Jan
5
80
Feb
7
59%
Jun
76
Nov
25
100
5
30 5% Jan
2
363% Feb
15
24%
Jan
110¥2 Jan
23
113'% Jan
3
107%
Feb
14% Jan
22
171% Mar
7
11%
Jan
173%
50
553/4 Feb
19
58
Jan
23
53%
Jan
57 ¥a
Oct
69'% Feb
23
62
Jun
Mar
17
100
Line
RR
Lines
preferred
conv
16%
2
20
Atlas Powder
720
119
19 % July
23
No par
preferred
SS
Jan
12.50
Midl'd
Coast
15
¥s Jan
No
Corp—
Co
2
26
28 5%
11?
49i% Jaijt
&
Jun
Feb
1
22
Dec
22%
Ja[n
16 ¥8 Mar
433/4 Mar 27
152'%
29
7
117% Jan
Dec
Nov
146
111
17
14
Dec
45 %
3
Feb
100
165'%
6
Mar
13¥2 Mar 27
431/2 July
Jan
Jan
7
.Ton
Dec
39% May
Mar
56% Jan
Mar
10
36'%
147
.
34'% Mar
142
73
non-cum
6%
15
74
preferred—
Atlantic Refining
4%
conv pref series A
Atlas Corp—
;
200
:
—-
.
5%
26% Feb
156
..
;;
7
3
of
I
Mar
25
2
Cork
& W
15
2
preferred
Atlantic
10,700
■
33% Feb
Jan
preferred
Topeka & Santa Fe
5%
900
■
—.
36 %
2d
15
65V4 Jan
Assoc Investment Co
100
105%
1st
Mar
157
145% Jan
Corp
Associated
6
21
6
31
463/4 Mar 26
Feb
45% Mar
100
Constable
Artloom
■
30
66
65
*117 ¥2
12
29% Jan
100
Co
Armstrong
11,800
*74¥2
120 ¥2 aJn
par
preferred
1,100
83 S/8
35%
&
170
3
100
preferred.
.500
;
109'/2
*36
111
15 VB
7%
110
'48 % Mar
100
Woolen——
$6 conv prior
1,400
65%
66
Wks
Daniels
Armour
22,600
105%
107 ¥t
P
2
3
27
22% Jan
Copper Mining
Paper Co Tnc
Archer
83%
84
so
*73
15 ¥4
*64%
iL-i'.,'
A
*107%
109 ¥2
153
Mar
No
preferred-/-
div
W
200
53
45
$5
Andes
'
1,400
*45
*112
Dec
Wire & Cable
840
114
112
37'%
__25
Anchor Hock Glass
4,300
*113
112
Dec
Jan
Anaconda
10%
113%
114
191/2
26%
470
2,000
115
*112
Feb
15
29
19%
115
115
85%
19%
19%
113%
114%
,
10%
10%
19%
113 %
115%
13 ¥2
Feb
60% Jan
-
125/8
115 ¥4
15
40
50
43%
12
13
23'% Feb
21
25
112
-
15
Mar
preferred
106'A
111%
36%
*73
¥4
104
111
44%
108
7
Sep
17% Jan
35
par
:
$5 prior conv
700
111
66 %
*107
7
18 ¥2
Copper Mining
53
%■
Jan
Anaconda
'<
102%
53
"45
7
13%
par
Amer Zinc Lead & Smelt
100
%
104
•
2
27,800
—
5
*51'/2
51 ¥2
Mar
16
Preferred
14 ¥2
*4%
1st
American
•3,100
—
—
112
114%
.*112
*13%
5
$6
3,300
'w-
104
114
19%
19
115%
110
112 ¥2
*13'%
5
24.
B
preferred
Water
Am
1,000
29
14%
'
44%
42
28
112%
*4%
51
6%
42
28
4
19% Mar
__
preferred
5%
200
;
31%
*111
107
107
*111%
42
*27 ¥2
112 ¥»
V
50
*41
18% Jan
17 ¥2 Jan
Amer Type Foundries Inc
American Viscose Corp
15,800
—'
68 ¥2
30%
•: *13%
113
*13%
5%
1
■
.
5%
*67
77%
2
Tobacco—
Common class
4,500
L—
105 %
31
173% July
Jan
27% Jan
Telep & Teleg Co
6%
200
5%
67%
Jan
62'%
42
100
Aug
12'%
23
par
—
180
6
91'% Feb
No
Tobacco
Mar
2
100
No
Co
184
2
Jan
9
Sugar Refining
Sumatra
par
2
15% Jan
No
Preferred
Am
American
■
9¥2
30%
Jan
Dec
75
Feb
preferred
Foundries.
American
100
400
104 ¥4
*66
176
_25
_i
1,400
■
.
No
Stove
680
9%
Co
American
1,700
9%
30%
Jan
18.50
900
-
"
14%
Razor
American Stores
2,200
104%
67%
Steel
Amer
69%
9 ¥2
30%
163
100
—
non-cum
68¥4
105 ¥2
*66 ¥2
*4%
4: ^
152
9%
5%
16
100
—25
40 'A Jan
Amer
*104 ¥4
5%
Aug
164 ¥4 Jan
8,600
9%
5%
Dec
12 7%
Rolling Mill
preferred
American Snuff
3,400
*105
105
607%
Jan
—100
45
9%
F.eb
9
No par
120
9%
66'%
40
14
Smelting & Refg
44 ¥2
•
Feb
20
Amer
"II8I/2
44%
120
120
105
67%
'■
14
161 ¥2
103 ¥2
31 '
113
14
443%
Feb
143% Peb
No par
■
9 ¥4
67%
*14
69
152
44 ¥2
%
9%
30 ¥4
113
68'/4
67%
69 ¥2
154
13%
44%
69
31'%
161 Ve
161 %
152 ¥b
14 ¥4
31%
*67%
'/
'
102 ¥2
105
fi
137
33
153
5%
5y8
47 ¥2
138
160 %
121
4?%
47
20
72
2
Seating
*9,600
IJL600
1
' 23'A
'48'/4
*19
78% Feb
22
7,500
-21 ¥4
*136
:
68 ¥4
68
68 ¥2
69 ¥4
69
154
160%
161%
68
69%
69%
153%
¥2
2314
23
22
Ship Building Co
6%
Aug
ID/2 Jan
conv
Preferred
Oct
Dec
3'%
54% Jan
American
170
43
Jun
60 ¥2 Jan
Amer
700
Jan
2
115'%
par
Safety
:
130
32
6
par
340
—
Jan
53% Mar
Dec
Dec
No par
900
•'LL',
Feb
18
138'% Mar 22
46
20
No
San'y
American
I-—
% 43
*21
2
1,900
29%* .30
20 ¥4
2
2% Jan
4¥2%
*156Mj JL58
29 ¥2
41 ¥2 Jan
2,260
I66I/2
r
30
23%
43
*156 ¥2
28 ¥2
k\
*165¥2
43
par
Mar
No
preferred
Rad & Stand
American
i
No par
No
Preferred
13,000
~
431/4
43
43
166 ¥2
42 ¥2
158
29%
21%
42%
*165 ¥2
42%
*156 ¥2
158
23%
30
40
182'%
*180
182'%
*180
17'%
84
——100
Co.
Light
preferred
$5
Am
21,700
News
Power &
$8
7,800
.•
Ltd
preferred—
Amer
5,000
-L
16'%
43%
*154
182 ¥2
6%
American
750
18,600
69%
63¥4
12%
83'/4
¥2
*154
;/'■//
4 ¥2
17 ¥4
;< 83
158
r.;:
62
1
44%
43
4%
43'%
42'A
4'%
21%
17%
83 Ve
*42
43 ¥4
84
16%
17 3%
83
166%
42%
43%
,>■
4%
&
No
No
101
par
60
Jan
2
100
preferred
113
Jan
25
118
52'A
112
Apr
May
327% May
114
Oct
Dec
1203% Aug
■
11%
12 ¥2
95
17%
v
5%
17%
6
19 ¥2
19%
11
20
20
93
:
*17%
19
18 ¥2
*183/4
20 %
12
11%
11%
*11%
115/8
93
*91%
91
91
*91
93
20
11%
12
*90 ¥2
93
Atlas Tack Corp
500
200
-w
.
Austin
2,900
:■
■
f
'
*17
'17
5%
17%
5%
5%
17%
6
17
¥4
18
18
5%
6
5%
18¥s
Autocar
3,000
6
—
'•
...
'
No
1
Corp
.—
of Del
(The)
par
No
Co.
Aviation
27,500
—
No par
Nichols
$5 prior A—
prir
18 ¥2 .Jan
6
..10'% Jan
22
77
Jan
2
5 ¥4 Jan
24
Dec
7
Jan
13 ¥2 May
66
Apr
84 ¥4
May
15 7%
Nov
21
14% Jan
3
20
2
2
Mar 24
24
95
5C
14'% May
Feb
12% Mar
2
Feb
13
141%
Dec
67% Feb
8
3%
Jan
Dec
6
1
B
26%
27%
26%
275/8
27%
27%
27%
'273/4
13 5/a
14 ¥a
13%
14%
14%
14%
143/a
145/a
26
27 ¥2
26%
28 ¥4
27%
28%
27%
27%
13%
13%
14
13%
66%
06
66
33%
34 ¥4
33%
35
21%
21 ¥2
21%
22
*22
52
*50
*50
14
,
*50
20%
66 ¥2
35%
35
*22
22%
52
*50
52
19%
20 ¥2
20 ¥2
203/4
19¥a
35 v
37%
39%
37%
37%
*36%
38%
109
*108 ¥4
*108 ¥»
"
11
10%
10%
38 ¥2
36%
37
*113
118
109
♦IOV2
36
*108 ¥»
11
36 ¥«
*113
118
*37 ¥2
37%
V
2,800
400
.11-
Dec
6
5%
Jan
13%
Dec
31% Mar
6
9%
Jan
23 7%
Dec
12% Jan
24
15'% Mar
2
9'%
14%
Dec
Mar
1
Jan
68 ¥2
2
39% Feb
28
21'%
Apr
23%
Barker Brothers—J_
17 ¥2 Jan
3
24
Feb
16
12
Jan
18
July
preferred—i
50'% Jan
9
527% Feb
21
43
Jan
53
Aug
Co—
" Feb
28
t c
1
25'% Jan
66
Mar 27
30¥2 Jan
72
60
Jan
Dec
Dec
16% Jan
2
147%
Sep
18% Mar
—
9,700
Bath Iron Works Corp..
18'% Jan
22
22% Mar
7
14%
Aug
193%
Dec
—
1,400
Bayuk Cigars lnc_
32% Jan
19
37 ¥2 Feb
8
25'%
Feb
34 ¥2
Nov
Beatrice
36
Jan
23
41% Feb
19
31
Jan
38
Dec
108
Jan
105 ¥2
Jun
111
7%
Jun
14%
Dec
Jan
38
Dec
Jun
121
•
—
10,400
400
Barnsdall
Oil
Creamery—.
$4.25 preferred———
110
10%
1,900
Beech
Aircraft
37 ¥2
70
Beech
Creek
118
26 7%
19
173% Mar
31
*36 ¥4
*114¥2
Apr
30'A Feb
22
19 ¥2 Jan
v
Ohio
4%
10%
%
18
22
113% Jan
preferred——1
Bangor & AroostookConv 5% preferred
Barber Asphalt Corp
■i
5%%
19%
35
*35
18 ¥2
/
—
20%
18%
185/a
35
118
150
67¥2
20%
18%
34%
*112
*651/2
36
19 ¥4
For footnotes see page 1443.
800
35'/4
22%
35
10¥2
Baltimore &
20,700
14
66
18%
*37
14
34%
34%
*108 ¥4
Baldwin Loco Works
53,100
'
52
19%
20,100'
,
■
13%
*66
,
^
'
100
Corp
RR_———_
Bee ch-Nut Packing Co-
4
25
110
Jan
11
10 ¥2 Mar
26
14 % Jan
2
36
Mar
17
38
Jan
19
Jan
20
118
Jan
3
114
31
HIV*
Oct
'
NOV
Volume 161
Number 4373
THE COMMERCIAL
Mar. 24
12%
$
12%
13%
*12%
:
12%
»
12%
13%. 13%
50%
48%
50
22%
22%
22
22%
56
*55
1
56
46
17%
17%
17%
17%-
71%
72
70
*135%
137
135
56%
48%
22%
*55
55%
46
21%
17%
17%
17%
71%
70%
70%
*135
i
55
54
54
24%
24%
24%
13%
13%
*21%
21%
*54
20 %
*19
113
-20
X108 %
*19%
108%
19%
19
-
54
54
*52
54
1
*96
97
97
97
■91
*53
55
*52%
55
-*'*53
44
44
43%
18 %
*118%
125
*35%
36
34%
37%
36%- 37. ;
5%
,,5%"
37%
119
119
*6
6%
*48
48%
48
18%
'
•
17%
19%
53
54
54
98
*97
54
53
53
43%
43%
35
35%
36%
,
'
125
*118%
119
34%
:
37
37
37
V
37%
6
47%
48
48
-Y 17%
18%
18 Va
18%
:
*5%
6
*46%
3,100
'5,600
48
•
17
Jan
20%
Dec
'8
55% Jan
53% Nov
56
Jan
8
-•
300
>
500
Bower
-
Va
33%
Jan
41%
Oct
July
19 Va Mar
7"
15%
Jan
20 V4
7
56%
Jan
66% July
139% Mar
Jan
2
Jan
$3
Jan
2
13% Jan
22
20% Jan
26
18%: Jan
23
par
x
,_5
_5
5
A
49 Vz Jan
par
95
No
Co
par
53•
1
;
Feb
Oct
25 Va
Aug
14
7%
Jan
15
Dec
7
22% Mar
6
61% Mar
19
Jan
j
3
100
lo
,33% Jan
_5
.36%. Mar 26
114
(assented) .100
Bearing Co
5i%
Jan
23% Mar
16
r
130
•
Jan
22
114 % Mar
93Vz Mar
12%
Jun
45
:
.
8
Jan
Dec
Va
Dec
20
Ded
109
f
Jan
Oct
t
19% Nov
t
52%
Jun
98
Dec
88%
Apr
46 Vz
Jan
33 Vz
Jan
119
Mar
26
36
2-
5% Jan
Mar
2.
7% Jan
109% May
28% Jan
15.
41% Mar
r
9
31
24
'
7-'"
16
24,
56% Jan
47% Feb
3
,42% Jan
—5
Mar
98
►
43% Mar 27
*
Maine RR
Roller
Feb
16 Vz
110% Mar 12)
20% Jan
9
2
'
(The)
Corp..
Feb
37%
"
_No
Inc.
115%
8
15% Feb
>
7
27% Mar
xl08% Mar 26'
,17% Jan 22
-
;
57% Mar 19
'
Brass
&
class
Co
&
'
77 % Mar
23
Borg-Warner
; -
July
2
'48
4% % ' preferred
■i;
Mar 19
51
13
22
127
B
Stores
Borden
9
A—
Jan
100
No
Aluminum
Boston
•
':
:
24% Jan 30
Jan
Jan
100
Ami
Dec
12
38%= Feb
par
"Class
Jan
49%
10%
65
Bloomlhgdale Brothers———No
Bon
15%
Jan
28
17
BlUmenthal & Co preferred
Bond
Apr
33%
No par
Bliss & Laughlin Inc
400
35%
'.<*47%
:jm'i 48 VY
125
37%
.
*5%
.
40
llHs
1
13%'Feb
16
'
35%
5%
80
-
5
55% Mar
—No par
Co
Bohn
1,000
Va Jan
'6
par
_No
Boeing "Airplane Co
-
43%
*119%
(Del)..
1,400
53
.
15
22
•
1
Steel
9,200
"
35%
5%
v
70
*19%
53
43%
210
-
98
43%
43%
"
•
54
97%
Foods
Bethlehem
Blaw-Knox
400
20
109%
19 %
97
..118%
■
35%
*19%
*109%
18%
53%
18%
■-}
19%
110
*109
Best
Jan
Jan
54% Feb
Best
8,100
22%
19
<"•(*52%
43%
19 %
19%
*108%
108%
19%
-No
;
1% preferred
Blgelow-Sanf Carp Inc
Black & Decker Mfg Co
300
1,400
v
14
*21%
Loan
Highest
$ per share
19% Jan
par
Indus
1944
$ per share
13
,
_3
.
share-
12%
,_i
j
.___
$ per
Lowest
47% Jan
—No par
Corp
Aviation
1,200
y
25
13%
22%
\
55
25
13%
13%
2,500
17,300
135
Aircraft
$ per share
Year
Lowest
Pr pfd $2.50 dlv series '38-No par
& Co
;
No par
100
300
72
135
54%
H 21%
Beneficial
'
17%
71%
136
I 24%
21%
1.800
•
Range Since January 1
Highest
v
Belding-Heminway
Bell
Bendlx
46
17%
Range for Previous
STOCK
Par
3,800
'»
55%
46%
'
YORK
EXCHANGE
8,900
*45%
.
56%
:
14
56
136
*135
13%
500
'
19%
*110%
,
56
46%
69%
,
4
:
22%
13%
NEW
Shares
50
22%
25%
♦
13%
22 %
13%
49%
22%
17 Va
•
11%
24%
>
13%
48%
.*45%
,
135%
,
56
25%
14
*21%
$ per share
:: ^
13%
49%
22%
*55
ii
46
13%
the Week
12%
48%
13%
47%
56%
12%
share
22
Y
47%
*25%
12%
*12%
Sales
Mar. 30
'
14
50 %
*55
$ per
for
Friday
Mar. 29
$ per share
12%
1435
STOCKS
Thursday
Mar. 28
$ per share
per share
PRICES
Wednesday
Mar. 27
Mar. '>6
$ per share
SALE
Tuesday
V Monday
_
HIGH
AND
LOW
Saturday
& FINANCIAL CHRONICLE
34% Jan
,
.
3%
Jan
12%
50% Mar 21
140%
Feb
12%-Feb 17
41% Mar
1.
r
:
8%
48
Sep
/.Sep
117
Oct
34 %' Dec
;
41% July
7Vt July
•
Jan
»
55 V\
t
Jan
'.37%
r
Jan
X50
Mar
I
8
45
•
Oct
'
18%
*50
51
•
11%
'11 %
38 Vz
38 Va
41%
t
50
.<•
'
51%
25%
26
49 Va'
26
r
131/4
127/a
122
78%
12%
>
131/4
131/4
121%
v,
10%.
10%
78%
78 /.
12
2414
241/4
•24
2OV4
20%
20%
57%
20%
20%
;>
2OV2
21%
*110
;•
.56
VZ
20%
Y110
111
141/4
14%
7%
7%
Y
*76
110
14 3/a
7%
7%
.
.
14'/4
7%
7%
78%
60
60 Va
601/2
60 V2
15%
153/a
15%
15%
1081/2
108 %
3%
3%
.
*108
108%
3%
-
108 3/a
'', 3%
79%
*108
:
3%
3%
*78
3%
Y.
■
161/4
17 >/4
16%
17
17
95
95
95
95
30%
30%
55
6%
6%
32
32% ,■
*118
Y
50
..12%
,
32%
51
*12%
*46
12
13%
6%
*21%
31%
31%
47%
11%
11%
31%
V.'
118%
47%
>
12
*118
52
125
32
33
11%
52
125
*33
34
25%
68
6
V;
:
66%'-
-
37%
37%
37%
166%
1-66%
170
166
51%
166
50%
49%
44 y8
*166
170
49%
42»/2
44%
42%
106
*105i/4
105%
1051%
134%
*133
135
Y 15
201/2
5 v;-b
21
111%
11%
10%
•11
25%
25%
25
112%
'
:
12
34%
7%
*133
v.
47%
*14%
151%
49%
50%
*6%
6%
17%
6%
46
21 Y
15%
-
560
.
12
V
'
35%
v 3.200
8%
35%
12,800
■'
8
147%
147%
148
22
21%
21%
21%
22
31
31
31
31
31%
113
112
44%
*112
44%
*43%
143/4
500
491/2
19,300
6%
6 3/a
2,600
*17%
17%
2,600
16%
■
6%
17%
6%
6%
6%
17 Y
6%
17
6% ;
6%
r
6%
63/4
24%
24%
24%
24%
24%
24%
24%
29%
28%
29%
28%
29%
29%
30
603/4
Y:> 60%
591/2
581/4
59%
20
20
19%
20%
24
24%
231/2
24
20%
24%
800
24%
2,600
Cab
&
East
Class
Mfg
6%
31 %
95%
94%
96%
96%
6%
6%
32
*31
96%
; 213/4
21/%
38%
101%
101%
*99»%
101%
*99%
101%
10%
11%
t-llV/t
11%
11%
53
53
54%
54%
Y
12
'
-
53
53
*175
185
*175
*38
3,600
—
;
200
—
97%
213/4
17,200
!
-
39,.,
*99%
*175
900
130
-
101%
11%
12
55% -'55%
185
110:
6%
33
97%
21%
Feb
19
8%
Jan
12% July
2
52
Feb
19
42%
Apr
15% Feb
20
6%
5IV2 July
11% Dec
1
43%
Jan
97
Jan
27%
Jun
33%
Dec
.18%. Oct
•"22%
Dec
•
Jan
3
167
52% Mar 19
i
4,300
■
»
500
185
Chile
City
98%
*97%
97%
*56%
*140
148
*140
144
*140
*133
135%
*133
135%
*133
64%
>64
64
64%
L_
*109
60
.
*56%
47
112
*109
112
97%
97%
60
♦140
135%
*56%
144
*133%
1044%
1,100
47
135%-
64 %
's 140
47
148
64%
112'
NO
Corp,
*140
\
64 %'
>1044%
-
133
97%
60
38%
144
♦10443/g
64%
180
32%
321/4
32%
32 %
105%
105 Va
*105%
351/4 ..36
35%
35 Vz
115
*112
24%
25
115
25%
*36
♦112
25
32%
106
.36%
115
25%
*32%
33
*105% 106
36%
*112
25%
36%
1,300
-
-20
700
115
18
20%
13
22
24
-2,600
•;
Jan
5
5% Jan 22
24
Jan 22
25% Jan 22
32%
460
Corp
Southern
33 %
31%
33%
31%
32
31%
"31%
31
30%
31%
30%
31
293/4
30%
30%
30%
890
4%
non-cum
28%
29%
29
30
30
30
29%
29%
240
4%
non-cum
Colorado
&
4%
7% Jan
18% Mar
7
57
27%
s
44
11
1
7% Jan
Jan
Apr
22
63% Mar
23
Mar
1
2
27% Mar
Jan
12%
37/2
Apr
Jan
3
HV* Mar
7
4
Dec
50%
Dec
Jan
4%
Jan
18
Jan
25% Mar
;
21%
Apr
30%
Nov
July
7% Mar
Sep
65 Ve
15%
Feb
21%
16 Va
Jan
21% July
f
38%
Jan
49%
Nov
57
Nov
47
Jan
13
.Jan
18
Feb
23
23
4% Jan
2
8% Feb
19
36% Jan
18
24
104% Feb
19
77%
14%
Jan
2
23% Jan
15
43 Vz Jan
2
103 Va Feb
1%
13
12% Feb
14% May
18
Jan
,
16
9% Jan 27
49
170
Jan
2
Feb 20
89
Jan 26
.
109% Jan
'
Jan 22
107% Jan 24
93% Jan
3
2
44
53% Jan 17:
34% Jan
2
35% Jan
5
Mar
Mar 14
62% Jan
1
2,
'
...
60"
Mar
175.
Jan
94
25% Nov
95
.
♦
6%
30
•'
:
Oct
Dec
Jan"*
148.
i
50
Mar
5
:
lOO
-Jan
15
t
106
Mar
97% Mar 15
;
92
185- Jun
Jun
76
150
Jan
140% Jan
65
Jan
" Nov
37%
90
.
115%
45»A
Apr
52 % Mar
34%
.145
111
3
Apr
Jan
Jun
Jan
96
Aug
•
53%
Oct
38V2 Mar
.
39% July
152
Feb
■
Feb
59% July
i
Jun
109
30% May
30
22
Jan
110
6
Dec
51
35% Feb
'
40% Mar
July
Jan
8
i
25 Va
31%
10%
11
6
Jun
Jatt
27
56V« Mar 23
Oct
98 Va
961/a
Jan
40% Mar
Jun
July
Nov
6%
1 ~
Jan
May
114% Feb
34% Jan
8
108% Feb 19
Jan
29
40% Mar
115
Jan
23% Jan
23
29% Mar
111
i
17Va
*
July
146% July
67% Jun
—;
31% Feb
2
104% Mar 21
34% Jan
:
Dec
»'19% July
Feb
98
< -
18% Mar
.
43%
29% Jan
2
91% Jan 24
,
9% Mar
i
58% Mar 26
2
Dec
II41/2 July
46% July
14Vb
18% Feb
Jan
Dec
311/4
Apr
3
20% Jan
Nov
23
Feb
4
31
Jun
134
.
Jan
Jan
16
Dec
Jan
9
;
11%
1
49
Mar
28% Nov
,
■
6
22
Sep
15
Apr
Sep
8
6
July
4% July
114
5%
2
32% Mar
Jun
lOVa July
,
May
t
9.
27% Mar
.
,
Jan
Dec
151/2
23
Jan
30% Feb
>
28
Mar
'54
Jan
15% Jan
par '
100
No par
100
25
19% Jan
•
par
par
•
22
133
preferred
1
153% Feb
;
3
144
& Iron
7%
7
23
9% Mar
19Vs Jan
par
No par
conv
Mar
38% Feb
•:
54% aJn
;•
par
Collins & Aikman
Colo Fuel
Jan
15% Jan
par
No par
No par
30
1443.
12
Jan
No par
No
30
14% Jan
14% Jan
par
Colgate-Palmolive-Peet
$4.25 preferred
5%
"25%
107/
30
Mar 26
——100
(The)
2%
8 Vz
,4?% Mar 27
6% Mar 26
-
5
A_
31
31%
23
41
No par
—-No par
-————100
—
Co
115% Feb
i.
Nov
10,
40%
;
Jan
19
14
Coca-Cola International Corp No par
__
►
106
Class
17
6% Feb
21% Mar 28
$4.50
Preferred
-
; 133
64%
40
>
Ilium
Jan
20% Mar 15.-
10% Jan
28
3
—No
O. O. C. & St. Louis Ry. Co.5% preferred
El
11
24 Va Jan
33
v
10
City Stores
Clark Equipment—:;
Clev
;
2
Coca-Cola
111%
10O
1113/4
'
1
129% Nov
25
par
-.200
*109
*45%
'
*93%
110%-'
5
17% Mar
Jan
10% Mar 29
100
^
Co
Ice & Fuel—
2
July
113
.
9
Oil—
City Investing Co^^
5%% preferred.^
23
54
106
15% Feb
Copper Co
Chrysler
139% Feb
Dec
Apr
54% Mar
5% preferred w i——
Chicago Mall Order Co
tChilds
2
152V4
Jun
109% Jan 16
,,
Chicago Great West RR Co——50
5% preferred
50
Chicago & Northwest'n w i„No par
Cotton
Jan
Mar
96%
6
18% Jan
———40
*
5
Oct
39
31%
45% Mar 19
107% Feb
Dec
5%
143% July
"44%' Jan
Mar 23
20% Mar 26
4% Jan
2
—^25
No
1,500
45%
*93%' 100
110%
|
14% Jan
.V— 5
38%
V
45
page
Apr
17
38%
For footnotes see
33
52 % Feb
38%
%
1
152
5
38%
24
40% Feb
Dec
Dec
65
Jan
38%
25%
Jan
108
38%
*112
4
541/2
119
56% Nov
20
38%
115
19
8
3,000
„
20
7% Feb
Jan
37%"" 37%
37
29% Feb 20
73% Feb
129
37%
100
111
"
32%
22
Feb
5% Jan
2
35% Jan 26
„
37
*93%
tll0%
111%
*105%
Jan
,
x61% Jan 15
par
36%
100
111%
45%
*1044%
21
■'■
55 % Mar
Mar 26
.32
13
125 % Mar 22;
35% Mar 6
2
2
36%
-
5
Jan
60 v
32%
Mar 26
7
37%
106
Jan
;
36%
*1044%
11
52
116% Jan
par
*56%
39
Dec
49% Jan
14
'/V 48% Jan
►*97%
*38%
47V2
118% Mar 17
8
4
60 ;■
....
'
38
33% Jan
Dec
23
98%
37%
Dec
Jan
100
100
pfd
No par
Clev Graph Bronze Co (The)
1
5% preferred
—100
Clev & Pitts RR Co 1% gtd
50
Special gtd 4% stock
:
50 ,
Climax Molybdenum—
No par:
Cluett Peabody & Co.——No par
'
*109
35V4
115% Jah
Chlckasha
*37%
M
Feb
xlll% Mar 13
100
37%
/
23%
Jan
300
21%
47
14
7%
Apr
17%
37%
112
Feb
17%
16%
•.21%
*93%
36
23
583/4
21%
*110%
Jan 24
20
*16%
38 y2
100
21% July
May
x35%Feb
*16%
21%
111
Jan
6
3
———\
;
Jun
15%
1—100
111 RR CoZ
A—
IV4
6
28% Jan
Chesapeake & Ohio Ry
Chic
Jan
23
100
'58
38i%
111
9
30% July
57
Nov
Feb
%
,'
No par
—No
17%
6%
185
Co—t
17
*991/8
*175
Chain Belt
Jan
53%
23.
Feb
1
58%
31
24%
3
Feb
24% Feb
47'
JVo par
*16%
58%
6
55% Jan
-2
10% Jan
,
—No par
Products——*
6% prior preferred—
*16%
59
22
185
Century Ribbon Mills
Cerro de Pasco Copper
16%
39%
*93%
<
Mar 26
113% Feb
par
Certaln-teed
17%
*58
-
<
v
9,300
54%
39%
V
61%
*52
22
>
2,500
2034
'20
24%
3,400
12,800
54
*99%
*
2
-6% Mar 22
<'
16%
58%
16%
v
*52
54
6%
94%
20
/J '
20
100
Chicago Pneumat Tool
No
$3 conv preferred
No
Pr pf ($2.50) cum div—No
Chicago Yellow Cab
No
*52
32%
98
33% Mar
3
Jan
1% Jan
Vloleta Sugar Co
*16%
54%
17
59
*20%
4%%
Chesapeake Corp of Va
14%
6%
Lt
Checker
48%
61/2
53
1
preferred—100
700
44%
15
32%
27% Jan
No par
260
113
44%
111
~3% July
r
Sep
*
Champion Pap & Fib Co
6% preferred J—.
1,000
'
113
~
90
800
.
Central
Apr
Dec
20
—
Central Aguirre Assoc
Central Foundry Co
*11
49
6%
preferred
No
11%
15
33%
1
tCent RR of New Jersey—,
*11
2%
Dec
127
Central
::'b
4% Feb 23,
25
—.100
1,200
48%
6%
5%
Dec
Apr
105% Jan
preferred——
Corp
Dec
15%
20
15
1,400
15
16%
Celotex
Dec
70%
7
20% Mar
22
11%
49
58%
2d
83
„
21
47% Jan
25%
15
*16%
:
17
1%
Jan
26% Feb
37% Jan
10%
180
i
.
47%
*52
.b
Apr
8%
22% Mar 26
JVo par
25%
113/4
Mar
109
Jan
43%
8
(•'•■
par
m^Nopar
253/4
113
15
*32%
33
,
49
23»/4
25
59%
25%
-.3,700
28
54%
55%
15%
*112%
Mar
Jan
54
.82% Jan 16
72% Jan
3,
17
Jan
4
17%
,—100
*25%
58%
11%
90
Dec
12%
96
.....No par
i
1st preferred
$4.75
Jurt
9%
3
Apr
25
Celanese Corp of Amer
133%
24
:
61
11%
Caterpillar Tractor
300
Dec
15%
23
Jan
1
i.
—
5,500
->
133%
5
Feb
12 Vz
50
——
7,400
-
44%
1053/4
i' 111%
67%
10
-
Apr
6
100
Carriers & General Corp
Case (J I) Co
Preferred
Dec
107
30;
"
50
43%
48
251/s
17
40
49%
28
,—.——5
25%
44%
61/4
*58%
170
Co
11%
112
17%
*52
1,900
Dec
31
6
101'% Feb
10
preferred
Dec
20%
22
A—1
Corp
AVz%
Jun
22%
par
Ry
112%
31
112
6%
20%
37%
Carrier
class
Ohio
112%
*145%
16%
Administration
*11%
147%
6%
60
300
.15
"
Capital
11%
*20%
17%
30%
'
2,400
3,600
*145%
6%
30
6,800
•
11%
;
Jan
Sep
May
16%
25
No
Steel
:v
7% Apr
17
..
22
100
Mills
Carpenter
Dec
31
Co
Cannon
400
77%
Jan
5k
No par
Ry
$3 preferred A
Clinch &
12% July
:
par
No
Ry
Pacific
Carolina
5,700
145%
,61/8
25
COO
$4.25 preferred
Southern
Canadian
,
Jan
;
1/
9% Jan
21
2
Dec*
Jan
Jan
Copper
Fdy
Canada
590
5%
8
/
18,300
16
6
3% Jan
129
15
/
Ginger'" Ale
Dry
Feb
108
Dec
14.., Dec
Jan
5%
-
19
Mar
25%
Oct
47 Vz
19
111% Jan
2
14% Jan
1
Cons
14% Feb
July
22% Mar 19
27
••. 59 % Mar 27
50
'
35
43
20
__
Hecla
&
Canada
r
19%
7%
-
i
20%
34%
111%
Campbell W & C
19%
7%
22
112
Calumet
12.100
6::
50
53%
92
Zinc-Lead—
10,000
-4
;
,
100
Packing
preferred—,
11"
27% Feb
t
7% Mar 28
78
Feb 26
6
—
25
30'A
*112
No
20%
33%
22
*36
California
30
1053/4
5
7%
30
49%
/
Butte
Mar
116
12% Feb
2
137/b Jan
100
——
Callahan
20%
33%
Y
Jan
(■.
5
61
f
10,
7,900
X20 %
*11
Jan
8y8
14.
24
f.
preferred—100
,——"—.a
preferred——
No
21
7%
17%
16
-Jan
83% Mar
'
20%; Mar 26
*.—100
—
.11
12
V,
47% Jan
.1
Bldg 7%
Jan
;
110
par
Byron Jackson Co
1,400
1
19%
113
Jan
2.
24% Mar
.
No par
360
-
-
153/4
*4%
39%
Mar
3
ll
(new)
Copper & Zinc
Byers Co (A M)
Participating preferred
4,900
1
19%
34%
301%
*32%
3,000
/
—
15%
4%
Jan
22
'
100
preferred
"4%%
200
15%
145%
146
*166%
135
7%
34
22%
*105%
'
Y
.
20
*1121/4
30%
64%
—
6
37%
106
4%
y?
22%
*56%
—
"
44%
*105%
Jan
22 Vz Jan
par
Terminal.,
6%
10
22 V* July
49V4 Dec '
Jan
14%
18% Jan
Z
r
39
II 40%
28% Feb
2
t
44% Aug
20
7-
Oct
12% July
.
;
20
•125
.2
1
preferred
Bush Term
10% Jan
53
.{
Feb
15%yfeb
22
.74% Jan
►
par
No
Jan
.
Jan
Feb
50
,
,12% Mar ?7
120
par
—...
Butler Bros
19%
25 Vz
*11%
34%
7%
*97%
10
20%
.
;;
112
11%
44
'5%
200
15
Y
5
50
.49%
105%
135 ?
*133
201/4
■»
■
YV
8
25
,
27
21% Aug
47
27% Mar
2
*
15%
4%
50
44
Jan
.No
2,600
-
66%
37
21%
*46
•"
-
26
37
21%
*109-
-Y.
1234
66%
36%
19%
*175
„
52
6
+No
Co
Forge
Bullard Co
Bush
1251%
25%
37'%
45
23% Jan
-_No par
—No par
Burroughs Adding Mach—No
33
3/8
Mfg——
Wheel
6,400
100
673/4
6
(E G)
3,200
—••"7*
253/4
*6%
15%
*53
;
3,600
*66 V
•
6%
20 'A
96%
'
-1V'l
25%
66
par
100
Burlington Mills Corp
32
*323/8
6
Jan
4.
53
17
21
~
-5
Co.
preferred
Buffalo
200
.
.
No
Bulova Watch—a—.
51
*125
33
6
40% Mar 27
497/a Jan
par
^No
5,200
—
12%
52
5%
15%
17
25
;.
66
6%
22
'• '49
123/4
52
$5
5%
51
125%
*32%
32%
24 %
-
*50
*125
6%
20
*16%
V
—
—
11%
12%
*12%
:
52
125%
32%
25%
66-V2
-
12
*50
125%
24%
25%
*66%.
24%
Y
118%
: *46
„
*50% V '51Y/
/siYY
*50%
12%
52%
1251%
*46
1,000
1%
6%
*118
15
37% Mar 27
-
5
preferred.—
Budd
55
1%
21 Vz
50
11%
51%
*51
112
800
:
31
1%
6%
118'/2
Jan
•
20% Jan
9
10% Mar 27
par
1,900
30%
*53%
55
%
21%
31%
*118
12
*50y2
*125
146
8,000
-
—
23%
6%
by 31%
49
11%
1
•
*11%
-
•—
;.v-.
171/4
95
20%
20
118%
*47
12%
*50%
*112
"
23
30%
*53%
1%
6%
z
21
31%
*118
120
*48
6%:
20 -U
30%
55
1%
23
22%
30%
v-
*53%
1%
6%
Y
21%
30%
55
1%
23
23
30%'
*53%
1%
vY; 21
Y
22%# 23%
30%
l%
5
Budd
930
'
*53%
134%
"7 %
;
3% >"
95
44%
—
—
%.79'/2
3%
17
95
24
.47
par,,
:.
Bucyrus-Erie
:,
108 Va
•
,15
—No par
Brown Shoe Co..
50
15%
•*108
17% Mar
No par
Co_
Brooklyn Union Gas,—
Bruns-Balke-Collender...^
4
60 Va
151/4
*78
Brlggs & Stratton
Bristol-Myers
14,100
-5
7 %'Y';!•"•
78 Vz
161/4
50%
Yv—
..
14%
14%
7%
59%
-
Brewing Corp. of America
Bridgeport Brass1 Co
—.No
Briggs Manufacturing.,
.No
.1,300
21'/a
15%
'
2.50
4,500
Y-v—
—
110%
94
*105%
•.
IIOV4
17%
*165
'IOO
v
58
20 7/8 S
95
37%
•„
60%
1091/a
*23%
\ I
25
*56%
17%
-
"
21
95
:
2,800
r
Inc
1,700
-
12%
*24
,
15'/4
3%
'
700
1,000
•/
;,V;
77%
601/4
'
.
7,200
■
•
,
12%
141/4
V/Y
—
10%
15%
*108V4
4,400
-
■
123
it:
/
24%
'
*110
14 V8
80
v
'V
—
,••
13%
/
62
62
*15%
Z-V—V
—
10%
111
21%
801/2
*121
21
21%
7%
13%
:
58
57%
14%
;
21
58
24%
20
56%
*7%
261/2
12%
20
100"
BranifF Airways
•
79
12'/a
241/4
/■/•:
;
49%
26%
10%
11%
:
-
._••.
—
52-
26%
*47 V
121%
13
75%
V
14%
11% V;
38%.W ;'v
25%
,
261/4
78%
59%
.,v
'■
41 %
51%
1
47.%":'
26
.
120%
/ r 10'/a,
25%
*12Va
20%
*78V2
26
*•1201/4
26
111
11%
52
25-%
*47
47%
;
', *12%
123
20%
4,200
'•50%
-
38
11%
V
18%
"41%
.
52
52
25%/,;.
* 25%
s.
.
58%
*110
n% Y
75%
'
*241/4
V
42
25%
XlO% ' 10% V
79
12%
*50
39
*41
*11
52
'
•
38
41
--*47
131/a
*120 %
•
11
38
,
471/2
26
.
50%
40'A
25%
.
■
,
310%
51%
25 Va
*50
37%
25
471/2
51
-■
18%
■
41-
511/4
•
■Y
■
11%
:• v.*5o
381%
41
13%
122
'ii%:
'
.
38
25%
*47%
50
<
10%;. 11%
V
41%
*51%
18%
2;
Jan
33"%
103% Mar
1081/2
23%
Dec
'
6
25%
9
109%
Apr
Feb
6
11
14%
Apr
Jun
38
Sep
116
Deo
26%
Dec
Jan
29%
Dec
100
28% Jan
2
35% Jan
11
12%
Jan
30
Dec
2nd preferred—100
25% Jan
2
33
11
13
Jan
27'/4
Deo
1st
—
preferred
28
Jan
2
36 Va Jan
Jan
11%
THE COMMERCIAL & FINANCIAL CHRONICLE
1436
LOW
$
t per share
% per share
SALE
STOCKS
PRICES
Thursday
Mar. 28
$
per share
Friday
Sales for
Mar. 29
Wednesday
Mar. 27
Mar. 26
Mar. 24
HIGH
AND
Tuesday
Monday
Saturday
Mar. 30
the Week
<
$ per
per share
share
*33%
34%
31
33%
32
323/4
323/4
323/4
*323A
*33
-
33%
31%
32
31
4%
95%
4%
4%
S per
94%
96
86
*85%
98
98%
*85%
98
*21%
313/4
31%
31%
4%
4%
4%
94%
95%
95%
95%
86
85%
86
*85%
99%
*98
*21%
49%
•47%
21% i ;
453A
45%
45%
453/4
>45%
6.500
16
16%
16%
163/8
5,500
% '
Si!
'•>
%
Si!
94%
92%
93%
923/4
93
29%
23%
29
29%
29
293/a
31
293/8
*22%
26%
27
26%
26%
313/4
313A
1033A
10
4
*33/4
4
3%
3%
1,700
26%
14,800
33/4
3%
33/4
26%
26%
253/4
26%
253/a
25%
25%
26%
107%
107%
107%
107%
*1073/8
1073/4
Xl06%
106%
106 34
107%
5
5
5
5
5
5
31%
283/4
13%
13%
13%
34%
35
35%
*35
-
35
20%
18%
19%
183A
27
27%
27
20
19
19
20
19
19%
52%
51%
51%
20%
20%
52%
112
*51%
112%
113
27
27
27%
30%
9%
35%
36%
*109%
110%
193/4
19%
19%
27%
27%
40%
5,200
Consol RR
20%
1,000
112
112%
27
27%
1,200
9%
93/4
25,400
*109%
110%
*110
110%
109%
200
40
40%
39%
109%
40%
39%
...
10%
9%
32%
31%
32%
33%
33%
33
33
Continental
Can
11%
11%
11%
1,200
Continental
Diamond
49%
49%
50
1,400
93/8
10%
103/a
36,500
Continental
323/8
32%
7,200
Continental
33
33
33
33%
300
900
18
173/4
173/4
18
18%
18%
493/4
49%
49%
493/8
493/4
*4934
13%
♦133/a
133/4
51
18%
.
50
13%
133/a
13%
13%
503/4
503/4
*503A
50%
*503/4
50%
17%
18%
17%
17%
17%
18%
18%
18%
2,100
*53%
54%
52%
533/4
52%
52%
523/8
53%
533/8
53%
920
61%
61%
62%
623A
62%
194%
•193
193
193
6%
6%
6%
*6%
4%
4%
4%
4%
4%
28%
273/4
28%
28%
27%
28%
107%
107%
108
108
*107%
1073/4
27%
27%
27%
273/a
27
27
31
31%
283/4
30%
29%
31
40%
40%
38%
62%
►193%
63/8
6%
62%
4%
28%
>
28%
28%
107%
1073/4
107%
42
40%
40%
493/4
493/4
*49%
21
21%
213/4
103%
103%
40%
41%
40%
41%
413/a
42
40
104
*1033/4
97
95
95%
95%
95%
953/4
96%
26
26%
253/4
26
253/4
26
26%
16%
16
16%
16%
16%
16%
16%
163/a
*145%
*145%
,
Internat
29%
29
283/4
29
293/4
30
30%
*293/4
31
*293/4
31
*2934
108%
108%
*106%
*106%
29%
29
29%
*283A
9%
9
1233/4
61
9%
9
1233/4
60
9%
9%
108%
29
*283/4
1,000
1,110
'2,900
;
5%
„
9%
9%
400
124
122 s/8
122%
*59%
60
*59%
10,000
5%
53/4
5%
53/4
5 3/8
5%
13,200
19%
193/a
19%
193/4
19%
193/4
*117
26%
122
*117
26
25%
26
Mar
1
11%
Jan
20 %
Dec
28'/a Mar
2
18%
Jan
25%
Dec
12
2
18% Mar 26
25% Jan
18% Jan 20
23% Mar
1
50
53% Jan
11
Feb
23
108% Jan
24
8% Jan
115
26% Mar 26
37% Jan
8
30% Jan
Mar
Feb
17
43% Mar
10% Mar 26
13
Aug
24
Dec
14%
Jun
24
Dec
Jan
53%
Dec
102%
7
20
112
Jan
Feb
7%
10
105% May
32%
14
10
16
41%
Jun
5%
Jan
53
8% Jan
2
12% Mar
13'A Mar
May
49%
26%
122
*117
26%
122
2,100
*13
133/4
300
*23
25%
26%
Sep
33%
Jfan
2
37
Mar
24%
Apr
31%
Jan
2
20% Mar
47% Feb
5
50
5
12% Jan
2
49% Jan
16
15% Feb
10%
Dec
13% July
Jan
Feb
5
*22% Jan
12
jMar
15%'jan-
52
July
25% July
20
Co
52% Mar 27
58% Jan
17
44 %
57
Dec
61%
Oct
25
58% Jan
Xl82% Jan
6
2
63% Mar
5
52%
22
173%
Apr
184% July
19
5
Jan
7% July
1
1%
Jan
15
18%
Feb
104%
Jan
3% Jan
2
4% Feb
25% Jan
5
31% Feb
6
—100
107
2
24
Jan
Mar
2
I
(The)
47
7'A Jan
193
4
Jan
Apr
5
Aug
27%
Jun
2
2
28% Mar
20
Jan
25% July
28% Mar 26
No par
Mar
Jan
38% Feb
16%
Jan
32
Dec
.46% Mar
Aug
37
Jan
Jan
110
6
47
18
5
103
Jan
111
Oct
27%
Feb
39
51% Mar
45
J an
49% Aug
24
Mar
15%
Feb
22%
105
.
20% Jan 22
No par
Feb
97%
Jan
28
Jan
Dec
Jan
5
35% Jan
2
100
87% Jan
2
101 % Mar
69
Jan
89%
100
25% Mar 27
30% Jan
20%
Jan
29%
Dec
16
19% Jan
11%
Feb
19 Va
Dec
No par
preferred
Sugar
10
preferred
47% Mar
Mar 26
105
Dec
37 %
Nov
Dec
100
Inc
145% Jan
23
30
Cudahy Packing Co
25% Jan
2
32% Mar 15
22%
Jan
29% Mar
30
2
33
22%
Jan
30"%
5
preferred
(The)
28
No par
preferred
Curtiss-Wrlght
9
1
pfd
Cutler-Hammer Inc
19
25
Dec
101
Jan
Dec
109% Nov
ilVe
5% Aug
Aug
Jan
29
97
Apr
63
Mar
5
41
Apr
22
6% Jan
2
4%
Jun
7% Nov
2
21% Mar
7
14%
Jun
19% Nov
5% Jan
Mar
7
123% Feb
21
25% Mar 10
29% Feb
20
12 %.JmtT2
par
144
Jan
8
11% Jan
112
135
16
120
6
29% Mar
Mar26
18% Jan
-
23
Mar
108% Jan
4
31
59'A Jan
100
No
Jan
145% Jan
122% Mar 29
I
A
Jan
106% Jan
100
Cunningham Drug Stores Inc__2.50
Class
21
48
1
Corp
51
Dec
19% July
38 %
17% Mar 26
No par
Curtis Pub Co
12'A Aug
Feb
Jan
25
Cushman's Sons Tnc 7%
26%
Dec
Mar
16
50
Corp
preferred
Press
Dec
9%
36
29% Jan
No par
preferred
Cuneo
:
30% Jan 24
No par
Trust
Dec
Mar
112% Aug
43% Jun
Feb
Feb
3
Nov
29%
Oct
Mar
Jan
46
30'A Nov
45
2
114
2
9
10
5
109% Mar 29
5
preferred
Cuba RR 6%
3,600
122
23
No par
5%
26
24
No par
19%
*117
Oct
17% Jan
25% Jan
$7 preferred
53/4
26%
32%
Prior
19%
122
26%
Jan
120
6
*117
24
200
60
20
5%
20
2
No par
4% %
200
9%
*122%
60
60
Mar
Corp
Cuban-American
7%
2,000
29
125
*122%
60
37
preferred
$5 conv
108%
*29%
127
3
5
Crucible Steel of Amer
7,000
30%
9%
13%. July
31% Jan
Zelierbach
$2.25
50
X29%i 29%
30
*60
Jan
31
-
conv
Crown
150
29%
*124%
Jan
7%
10
Crown Cork & Seal
3,200
500
26%
;? 16%
31%
*283A
16%
6
1
Co
5%
3,600
96
w,
*106%
,
Coty
310
42%
29%
*30%
*106%
1
14% Mar
100
Crane
104
96
26%
16%
29
32% Feb
4
Jan
Products Refining
7,000
2234
42
26%
108%
16
Inc
50
203/4
•106%
Jan
28
100
Preferred
Coty
2,200
41
50
20%
♦145%
Bank
Oct
'llVe Jan
No par
i._20
Crosley Corp (The)
97
i
Jun
series
5,300
50
*145%
Oct
6%
No par
Electric
3234
39%
*145%
5%
32%
49%
104
pref
32
21
43
25%
108%
Jan
No par
Cream of Wheat Corp
39
104
2
4% July
Jan
pfd
preferred
1,200
49%
104
Feb
Feb
Del_
27
104%
104 %
of
26
20 3/8
X40
3%
2%
1
27
21%
21
Oil
Exch
Corn
60
107%
31
Corn
1,400
28%
*26%
3
4% Jan
Dec
21%
Motors
Cornell-Dubiller
.1,000
4%
*4
prior
Conv
90
63/s
4%
/;•
Dec
29%
102%
Copperweld Steel Co
1,800
■
195
50
*49%
,
62%
194%
6%
62%
*193
63/a
4%
.
$3
240
18%
193
Dec
103
Jan
1
Cooper-Bessemer Corp
173/4
493/4
6%
31
Jun
21%
15
Continental Steel Corp
*33
14
62%
Jan
65 %
'
10%
32%
51
193
20%
10
3% Mar 23
20
9%
18%
.
2
18
7
Fibre
32%
13%
29 % Jan
34% Jan
2.
24% Jan
Dec
Dec
104% Mar
2
Jan
26
2
Inc
9%
r51
29% Jan
25
32%
*32%
Feb
27
Continental Insurance
32
8%
26% Mar 27
100
11%
5,600
2
29% Nov
6% Feb
preferred
49%
V
25% Mar
50
11%
18%
13%
6%
50
50
*50%
Cuba
49%
-10
10%
32'/a
40%
of
11
11%
50%
12
1% July
95%
-
27% Feb
Gas
Continental Baking Co
8%
Jan
5
Pow $4.50 pfd
Corp of America
Container
Jan
24%
108% Feb
preferred
Consumers
300
Feb
79
2
4% Mar 27
Consolidation Coal Co
100
$2.50
%
6
101
No par
21%
50%
19
29% Mar
xlC6% Mar 28
Aircraft
51%
20
IS Feb
97% Mar
2
Jan
Oct
Jun
1
pfd
*
112
40
Vultee
conv
*19%
9%
103/4
18%
$1.25
2
24
Jun
108
Feb
Jan
Dec
43%
Jan
/
H Jan
22
No par
Natural
'Consolidated
/
49%
Jan
37%
28% Jan
par
Corp
193/4
27%
50%
Laundries
51%
112%
393/4
18%
39%
105
No par
20
9%
50%
50% July
Apr
5
Y
193/a
*27%
11%
N
20
*50%
93/8
11%
Feb
14%
Industries
Consolidated
1,800
27%
50%
*49%
Consol
11,500
273/8
110%
*109%
40%
16
No par
$2 partic preferred
3,100
35
19%
113
14
18% Feb
No par
$5 preferred
900
9%
9
47 % Feb
25
Iru|
of
49
Feb
Dec
2
No
Edison
23
15% Mar 26
Consol
Film
Apr
42% Jan
No par
Consol
16%
8
preferred
Consol Coppermlnes Corp
3,800
13%
93/8
9%
-i
29%
*13%
13%
27%
,
19%
112
26%
112
*27
26
30
34%
27%
18%
293/4
•133/a
193/g
27%
*51%
a
13%
20%
19%
27%
*20
40
<
30
13%
29%
13%
29
34%
29%
5
5
10
Dec
Dec
17
No par
$4.75
2,000
4%
25% Feb
15
%
29
Co
Consolidated Cigar
1,200
5
•
98
No par
Edison
Congoleum-Nalrn
900
1033/4
93
Feb
Jan
Conde Nast Pub Inc
1,300
32
Feb
84
43% Feb
89
263A
70
107% Feb
Commonwealth & Southern__No par
$6 preferred series
No par
104
15
17
2
Commonwealth
31%
Feb
Mar
90
8
7,400
100
97%
Jan
3,400
23
Jan
Jan
24,100
23
76
5% Mar
39
3/4
23%
7"
,
107
29%
•
Jan
Deo
Mar
104'
47% Jan 24
par
94%
It
*103%
3%
21
35%
Nov
19
97
9
par
Dec
Jan
3%
5% Feb
27
293/8
31
3%
Jan
93%
■>
34
104
31
84
29%
*103%
31
104
6
94
•
93%
23
26%
263/4
263/4
♦103
31%
104
3/4
3/4
;
*22
23
*22
26%
26%
*31
3a
90% Jan
35%
25%
1
Jan
No par
Commercial Solvents
29%
Mar
t per share
100
Comm'l Invest Trust
153/4
93%
37
2
95'A Jan
preferred
conv
Mar 27
4 % Jan
26\
23
Highest
.
$ per share
10
15%
15%
4%%
31
par
1944
Lowest
Feb
par
No
45%
45%
16%'
*103
Co
16%
46%
16
100
38
No
$2.75 preferred
Commercial Credit
Carbon
Pictures
46
46
*22%
200
2,400
111
Mar 26
100
41%
*107%
111
31
No
Columbia
*107%
:
$ per share
100
preferred
Columbian
800
40%
41
111
'
5%
No
preferred series A
107%
40%
*107%
-
6%
48%
'41
41
Elec_.
&
40%
41%
114%
$ per share
2.50
Gas
200
21%
48
48
41
85%
60
101
21%
•
1,800
Year
Highest
2.50
B
Class
Ooiuinoia
107%
41%
*107%
...
21%
*47%
48%
953/4
*98%
101
21%
Range Since January 1
Lowest
Columbia Br'd 8ys Inc cl A
22,700
*98
Range for Previous
STOCK
Par
1,500
4%
21%
*48
49%
*48
31%
4%
86
86
21%
22%
31%
94'A
98%
YORK
EXCHANGE
1,400
4%
96
NEW
Shares
share
33%
4%
Monday, April 2, 1945
T^% Feb
28
140
114% May
21%
July
61%
Dec
127
Nov
28 %
Apr
Dec
D
13%
13%
*23 V
;•
•24
25%
*110%
110%
111%
17%
110%
36
37%
*36
41
*13
25%
16%
17%
*17%
13
13
36
:
133/4
*13
13%
*23
25%
*24
25%
163/4
17
16%
*110%
111%
36
36
►110%
*35%
17
111%
1634
>.
*110 5/s
36
*35%
17
2,900
111%
10
36
403/a
373A
37%
37%
*223A
23%
43%
44%
4334
44
5,800
8%
7%
9
18,800
213/8
44
42%
41
35%
*41%
22%
42%
44
8%
8
22%
22%
22%
*65
22%
423/4
42%
8%
8%
68
22%
68
♦65
41
39%
40%
35
35%
*40%
42
8%
22
*23
*34%
*41%
x21%
213/4
68
*65
68
*65
68
*40
41
41
41
35
35
35
200
42%
*413/a
42%
21%
8,200
*34%
42%
35
800
42%
Diamond
8%
100
Match
partic
23%
233/4
66%
v
133
113%
58
23%
22%
66 %
y
133
114
*113
58
23
243A
65%
653/4
67
133%
131%
132
65
♦130%
193/4
113%
56%
*112%
113%
13%
•21%
158%
1593/4
;* 126 %
160%
128 %
►127
-116%
116%
117
:
.
14%
15
,
52
53%
f
19%
19%
28%
13%
13%
13%
22
123/4
22
21%
21%
156%
158%
158 7/s
1273/e
127
127%
117
116%
116%
14
,
14%
503/4
51%
183/4
,
19
18%
48%
193/4
197/b
24%
68
24
683A
400
«
300
:
Class
20
2,800
24%
7,600
69%
3,100
133
1333/4
X134
134
113%
600
113%
*1113/4
113
28%
13%
1563/4
*127
116%
900
283/4
'
•
28 3/4
29%
13%
13%
2,400
213/s
21%
300
157%
157
1573/b
128%
2,700
127
128%
116%
1153/4
160
Du P de
Nemours
6%
10
45%
14%
15%
4,400
Electric
Auto-Lite
Electric
1,400
5%
5,200
43A
4%
116%
116%
115
115
114%
114%
3,300
19,500
1073/4
107%
105%
105%
105%
106
5%
*45
463/4
44%
45
443A
443/4
*34%
35
*34%
35
34%
34%
24
22%
23
22%
20%
18
102
'104
105
*105%
106
1%
13/4
For footnotes
*105
106 %
17
17%
102%
*61%
*105
17
233/4
203/4
63
106%
17 %
102%
101%
102%
*104
105
103%
104
106
106
1%
see
1%
page
1443.
17
106%
28%
Jan
27% Mar 27
*105%
105%
1%
1%
cum
Elastic
1st pfd
147/8 Jan
30
Feb
20 %
137
Feb
162%
9
129
Feb
1
123%
Jun
128%
Dec
113% Jan
6
117
Mar
6
113
Dec
120%
Jan
25
Emerson
Electric Mfg
Radio &
Endicott
110
A
Jan
14% July
41
Dec
25%
Dec
190
Feb
175
Jan
195
Sep
22
57
Mar
41
Jan
52
Dec
15
26% Mar
16% May
8% Dec
24%
Dec
15%
Sep
37%
Jan
10
Apr
45% Aug
15% Dec
Jan
6
Jan
1
12 % Mar
42% Jan
20
51% Feb
20
16% Mar 16
5% Mar
9
3% Jan
2
19
6% Feb
13
5% Mar
2
109
aJn
3
120% Mar 16
103
Jan
3
3%
Jan
3% NOV
81%
78
6%
Dec
Oct
5% July
Apr
114
Apr
103%
Dec
7
50% Feb
16
391/4
Apr
47% July
38
Mar
7
27%
Feb
34%
22% Jan
Co
Phonograph...
9
20% Mar 27
62
preferred
Engineers Public Service
$5 preferred
$5% preferred
$6 preferred-.
tEquitable Office Bldg
112% Mar
44% Mar 26
No
Johnson Corp
4,100
J
Apr
17a
21% Jan
No
Feb
6%
Feb
22
Jan
10%
33
34% Mar 21
Emerson
50
3
Jun
157
Jan
49
Natural Gas
4%
Jan
No
Battely
Storage
El
200
20
20
56% Mar 28
23
No
6.200
630
16% Feb
Dec
182% Jan
174
9% Feb
-
14
Electric
Paso
26
'
<
14% Nov
Apr
5
6
18 % Jan
shares
8%
11%
Jan
125% Jan
(The)
$7 preferred
$6 preferred
Dec
165% Mar
185
Electric Power & Light—-
58%
2
4
13
Jan 22
39% Jan 22
2,300
19,500
July
Jan
155
Stop Nut Co—
Elec & Mus Ind Am
900
400
Sep
29% Mar 29
Mar 21
20% Jan
Eaton Manufacturing Co
Edison Bros Stores Inc
1,600
1,800
Dec
Nov
72% Nov
Jan
3
pah
100\
No
Boat
100
27%
May
62% Jan
preferred
443/8
1,500
20%
f 49
21% May
47
114% Jan
Stainless Steel Corp
Eastman Kodak Co
No
15%
17%
23
72
2
Eagle-Plcher Lead Co
45
213/4
2
Mar 26
54% Jan 23
12
(EI)
Duquesne Light 5%
15
62
65
No bar
& Co
20
$4.50 preferred
44%
20%
5
26 % Feb
2
Apr
50c
53/4
62
23% Jan
Jan
International
153/4
21%
Jan
105
Jan
43%
1
Duplan Corp
453/4
63
15%
1
18
New
Dunhlll
10%
106
8
Jan
10
63
9
Feb
49
Aug
10%
24%
95
Mar
21% Jan
109
,
Sep
Dec
113
10
533/8
*233/8
r
38%
110% Jan
10%
24
17% July
Feb
No par
$4 preferred series A
24%
53%
47/a
Jan
x27%
Mar 20
Dresser Industries
1,100
54
4%
33%
9
131
1,100
115%
20
Feb
45
Apr
3,500
13%
213/4
31
20% Feb
47
22% Jan
42
38% Mar
43% Jan
2
114%
188
53
Dec
6
.175
,
Oct
Oct
35%
Jun
3
55%
102
■:
25
28%
Jan
55%
21%
t
Jan
3
4
17% Mar 26
Eastern Airlines lno
*187
106
.
105
par
16% Jan
38% Jan
137% Mar
*5%
:
22
6
4
15%
'
Jan
Jan
40% Jan
Eastern
188
Dec
122% Jan
1,100
*187
65
41%
No par
453/a
!
38
35
No par
7,400
188
5
Jan
No par
2,200
175
4%
Feb
Dec
9% Mar
21%
Douglas Aircraft
10%
*
52
29%
14%
176
5%
Jan
5
Dome Mines Ltd
19
176
5%
18%
2
Dow Chemical Co
52
178
243/4
7
Jan
par
Corp
14%
178
*23%
23 "A Feb
21
No par
*23%
i
37%
Jan
100
A
Doehler-Jarvls
500
*21
Jan
5%
2
Corp-Seagr's Ltd
5% preferred
Dixie Cup Co
51
*18%
*187
.
67%
*173/4
*47%
57%
27%
13%
*21%
<
X24 %
18%
48
193/4
22% July
17%
9
No
108%
48
Jan
19
10% Jan
25
108%
*173/4
17%
48% Feb
No
preferred
108%
19%
19
19
7% Mar 29
par
Diamond T Motor Car Co
17%
26'A Feb
34% Jan
No
Distil
48
22% Mar 27
"
1,900
19%
Oct
4
2,400
17%
Jun
36%
28
19
*47
Oct
45%
Apr
Jan
41%
18%
41%
Apr
46% Feb
18 5/8
19%
Jan
36%
32%
Feb
68
41%
48
21%
28
38% Mar 26
23
18%
17%
19
44
31
41%
19%
Oct
36% Feb
24
Jan
17%
*47
23%
35% Jan
Jan
403/4
183/4
Jan
19% Mar
39% Mar 29
67
18
20
9
33
36
41
48%
Apr
No par
17%
19%
113%
Devoe & Raynolds A
40%
*18%
Dec
Mar 10
Detroit Hillsdale & S W RR Co__100
290
17%
*47%
,
109%
20
Edison
42
108
16
Detroit
17%
109
Oct
112% Feb
Jan
25
10
39%
*108%
16%
10
110
50
18%
109
Jun
100
43
*108
13%
par
& Hudson
18
109
8
Delaware Lack & Western
42%
*108
19% Feb
1
No
Deisel-Wemmer-Gllbert
Delaware
8
20
Co
Preferred
800
23%
40
a
40
42%
8
40%
37
22%
*65
353/4
.
8
395/s
37
12
16% Jan
100
Records Inc
&
39%
373/4
13% Nov
Jan
23% Jan
1
(The)
Dayton Pow & Li 4%% pfd
Deere
40%
383/B
6%
25
Corp
Decca
39%
383/8
*22%
v.
Chemical
200
403/8
38%
23%
23
Davison
7,800
393/4
38%
*22%
41
5
Davega Stores Corp—
5% preferred
Mar 26
104% Jan
3
29% Jan
25
Mar
70% Jan
107
Feb
Dec
Nov
15
Sep
22%
Dec
20
57%
Jan
68%
Dec
26
101%
Jan
108%
18
6
8%
Jan
17%
Jun
Jan
19% Mar
1
No
100% Jan
103% Jan
29
87
Jan
104
Dec
No
102
Jan
105
23
89
Jan
105
Nov
104
Feb
106% Jan
11
92%
Jan
107
1% Jan
2% Jan
20
%
Apr
16
No
No
\
;
Jan
1%
Dec
Dec
Dec
?
Volume
161
THE
Number 4373
$
■*"'
$
per share
$
per share
14
14%
13%
72%
71
'•V/
13%
72%
*89%
13
13
12%
12%
16
16
15%
15%
*88%
*46
46%
92
45 Va
47
45%
46%
45%
29%
29%
28
28%
12%
19
'/
46
47%
47%
29%
29
29%
13%
13%
13%
19%
19%
*19
104
104%
*103
104I/2
32%
31
31%
24%
24%
24
24
23%
23%
:
/
104
*102%
10%
32%
31%
103
1,500
24Ve
54%
53%
109%
*108%
*47%
47%
*47%
*106
700
32%
24
24
32%
2
15% Feb
19
6%
Apr
13 Va
Oct
15% Jan
24
19% Feb
5
9%
Apr
17%
Dec
42 % Jan
Corp
24
52
21
21%
Jan
47 Vb
Dec
67/b
Dec
2.50
Federal
24
2,800
$6
•42% Jan
2
50% Mar
5
33%
Jan
44%
Dec
20
25% Jan
4
33% Mar
7
21%
Jan
47 >/a
Dec
12% Mar 26
16% Feb
2
9%
Jan
.14%
Mar
1
14%
Jan
17%
106% Jan
8
38% Mar
7
17
No par
preferred
104
25% Jan
_5
19
Mar
23
103
22
107
Jan
2
93
Jan
23% Mar 27
28% Jan
16
17
Jan
27%
Aug
10
50
57 "A Feb
17
45
Jan
53Va
Nov
52%
52%
4%%
106%
230
24%
24%
1,300
Ferro
52%
24
24
106%
24%
52
1,000
Fidel
2,900
Firestone Tire & Rubber-
106
106
106 Va
52%
55
..
55%
54%
54%
54%
%
108%
*108'%
109%
*108%
109%
47%
*47%
47%
*47%
47%
400
25%
25%
26'/a
.
26%
6,100
106%
*105%
106%
105%
105%
*42 VB
26
Flintkote
Steel
Follansbee
6%
500
51%
50%
50%
50%
*49 Va
33%
51%
470
5%
No
600
59% Feb
28
38%
Feb
26
110% Mar
3
103%
Apr
109
Jun
2
49% Mar
7
35%
Jan
44
Aug
29% Feb
14
Food
Fair Stores Inc
69 Va
1,100
Food
Machinery Cotp
32
31
32%
32%
32%
32%
33
4,600
Foster-Wheeler
26
26
26
480
26
*25%
*25%
"
44
43%
14%
15
122
■■
43%
44%
114%
114%
L
: •, / /
7%
7
7
7%
7%
7%
.7%
7%
7%
800
5%
5%
5%
5'/a
5%
5 Va
5%
5%
5%
11,500
16%
16 %
16 Va
16 V8
16
15'A
15
16'A
15
16%
16%
16%
*14%
16%
15'A
4V-
15%
14%
14%
14%
*17
17%
*17
17%
17
17
73
*71'A
73
72
72
17%
72
7%
7%
25'%
/'/58./1
9Va
v;
.19%
20%
118'%
28%
12%
53%
53%
9%
9%
52 5/a
53%
9 Va
9%
19
6
6
19%
-
20
118
*19%
28 %.
20
28%
167%
169
39%
40
39%
40%
40
40%
40 %
40%
40%
40%
40%
40% 1 41
*121
123%
*130
>
63%
122
121%
122
*120
121%'
132
131
131
*129%
130%'
63%
56%
56
56
11%
11%
11%
25%
26%
9%
9%
11%
11%
11%
11%
27%
27%
25
26%
*
*107
108 Va
*107
108%
2%
2%
2%
2%
33%
31%
33'A
31%
*123%
126
*123%
11%
11
11%
26%
27
27 "A
9%
4%
4%
21%
r
4%
21%
21%
•21%
21%
27
126
*123%
4Va
126
4%
21%
22
22
'22
21
21%
99
*21
99%
99%
100
101
...
21%
99
;
100%
30%
29%
*108
28%
14 '>••
28
28%
28%
106
106
*106 Va
106%
23%
13%
90
21%
22%
*97%
26%
25%
26
54
54
54
108
*28
106%
14
13%
*89%
X9C%
92%,
22%
22%
97%
98 %
*97%
98 %
98%
*97%
13%
90
23%
21%
*108
13%
13%
92
13%
*90 %
92
30%
30%
110
110
27
106 %
*106
14%
*90%
"■! *23
30%
*108
27%
110
27%
106%
*106
30
*29%
29%
*28%
*108
110
28%
25%
23
*97
97%
•
54
*4%
*155
25%
55%
56%
54%
103%
*102%
54%
103%
49%
52
51%
26%
55%
55%
51%
112
112
112
'
13%
13%
6%
6%
12%
?'
6
12%
*13 Va
6%
6%
6
6%
13%
13%
6%
12%
13
1
6%
-
4%
4%
4%
4%
4%
4%
4%
4%
22%
22%
21%
22
21 %
21'A
22'A
22'A
*22%
15%
16
14%
15%
14%
15%
15%
41%
24%
/
4%
41%
41'A
15%,
*41%
24
24
*24
16
'
41%
41
41 %
24%
41%
*24
*24
24%
29%
164%
162%
*66%
68%
*66%
*56
57
23%
90%
3,900
'
■
——
2,400
6
6 1 •'
w
5%
-
22%
108%
32%
5%
5%
*173
178
54%
14%
14%
5K
178
t
a-x:
14%n«/
0%O*i
:-f. 60%
54
61
54%
~
v
34%-'/
14%
60%'
15
—
800
—
'*/
4%
:\u-
v*.
■
■
2,800
3,400
1,000
54;
i:t
:
'ttstli
»
11,600
:.
68%
2,200
55
23%
23%
*107%
108%
34%
34%
5%
5%
4,800
23%
108%
36
5%
*/:5%
178
*173,
172
14%
14%
3,500 '
61
53%
5,300
61%
53%-
10
1J
14%
61%
18%
Dec
Sep
18»%
Jun
Mar 27
62%
Oct
66
Nov
72
5
14% Feb
22
Jan
20
55% Mar
31
19
10% Mar
1
15
17% Jan 22
22% Mar
par
.100
4%
Jan
7%
Dec
13%
Feb
23 Va
Dec
Jan
58%
Dec
10 Va
Feb
16%
Dec
41%
Apr
54 3A
.
106% Mar 22
X172 % Mar
7%
143
Jan
•«
Feb
Jan
19
4%
Jan
24% Feb
19
11%
Jan//
114% Jan
22
123% Feb
28
81%
Jan
27 Va Mar
20
29% Feb
7
25%
Apr /
par
7%
Mar 21
170
156 Va Jan
4
37% Jan
24
43%
1
.42%
/ 40
Feb
Mar
Mar
Feb
1
140
1
35
40
Nov
Dec
Dec
124
29 % July
Feb
28
Dec
7% July
22%
Feb
20
Nov
19%
6%
Feb
22
19
Oct
9% July
161
Jan
6
/
Dec
51
Dec
155
40%
Dec
43% July
'
.v.A.-v
•/'v':4-;'' Jan 26
143
2%
3
•
115
Sep
140
Jan
Mar
Jan
6
124
Feb
8
2
134
Mar
6
128
Jan
22
68% Mar
1
51%
134%
6
125%
par
53
Jan
11
60
Feb
28
36%
66
10
Jan
16
13
Feb
28
4%
Oct
56'A
Nov
Jan
Mar
July
130%
Jan
par
130
Dec
Nov
1
Feb
par
127% Mar 29
% Aug
Sep
120
Jan
-
Feb
Jan 25
62
Jan
$5
4%%
Co
54
■
4%
Dec
Nov
Oct
257/s July
preferred—No par
99
Mar 26
109% Jan
3
74%
Sep
110%
7
22%
Jan
27
Dec
7
19
Jan
31%
Dec
.*20
Corp
25% Mar 29
27% Jan
22
107% Jan
15
par
.100
5
26
Jan
2
.100
Co
105
Jan
2
—
No
No
13% Mar 27
par
111
8
19%
1
99
17% Jan
15
6
95
Jan
26
Mar 20
Jan
No par
7%
90%
Dec
227/a
Dec
Jan
25%
Dec
Apr
52
Aug
2
28% Feb
19
18%
55
Feb
19
45
2
4% Feb
154% Mar 26
165% Jan
3% Jan
No
.„
12
30
Feb
61
Feb
28
4V8 May
2%
Jan
85%
Jan
40
Feb
5*4%
Jun
Jan
104 %
Nov
175
Dec
15
49% Mar 26
98
9
105 % Mar
6
50% Mar 21
x57% Feb
15
36%
Feb
51%
Dec
23
112% Mar
8
104%
Jan
112 Va
Jun
8%
Jan
17%
Oct
103'A Jan
110% Jan
12% Mar 26
No par
Motors—
19
1
25% Feb
par
Dec
Jan
4
-10
Aug
16%
Jan
25% Jan
.100
Dec
105%
Feb"
11 Vb
52% Jan
—1
2"e"%
Feb
Jan
69
par
Co
Dec
98% Mar 23
-50
No
Nov
Mar 12
.Feb
32% Feb
109
9
Mar
21
97% Mar 28
par
28% Mar
32% Mar
23
90
No par
5% Jan
1
2
16
Jan
2
/V-fc
Jan
15
1%
Jan
«7". ^ Aug
3%
Jan
5'A July
5% Jan
11
18% Jan
3
23% Feb
17
23
17% Mar
6
15% May
9% Feb
19'A
14% Jan
,_10
36% Jan
22
43% Mar
8
32%
Jan
42%
Dec
-20
24
4% Jan
—5
par
-
Ore
Jan
2
24 % Jan
10
23%
Jun
25%
Mar
2
17% Mar
1
14%
Dec
17%
Nov
46 Va Jan
24
2
161% Mar 16
64
Jan 20
100
100
52 % Jan
—1
25
Guantanamo Sugar
No
24%
Jan
30
Dec
13
143%
Feb
163
Nov
71
Feb
2
67
Feb
43%
Feb
55%
Dec
8
19 VB
Feb
24% July
13
105%
var
22% Jan
2
104% Jan
12
108 % Mar
28 Va Jan
24
preferred
par
_25
Corp
Mar 29
7
Feb
7
26
182
Feb
7
14% Mar 27
No par
No
preferred
36
5% Mar 26
18% Jan
11
23
64% Jan
8
167
100
Gulf Mobile & Ohio RR
11
57% Mar 16
25% Mar
par
:
58
Jan
Jan
49% Jan
6
Dec
Jan
7
Feb
52% Jan
—1
preferred-.
49 Va
25%
30% Mar
165
100
No
Greyhound Corp (The)
Dec
July
28 Va Jan
pfd—No par
No par
Grumman Aircraft Corp
16
14% Jan
Prop—No par
Sugar
2
"
Co
preferred
Oil
.
19%
Green Bay & West RR
Green (H L) Co Inc
Gulf
Nov
Apr
Preferred
5,000
3%
124
Jan
Great Northern Ry 6%
$5
14
31%
Apr
Apr
14%
No par
8%
5% Feb
f
2% July
Apr
19%
(B F)
Western
3
19%
112
16
No
.
26
27
Granby Consol M S & P
Great
6
Jan
Nov
24% Feb
preferred
Iron
Mar
Jun
11% Aug
107%
/ 25% Feb
Hosiery
Nor
37
127
:••
Oct
24
Grand Union Co
5%
3
24
10
3% Jan
,10c
Granite City Steel
Great
1%
1% Jan
123
23%
Jan
22
Gold & Stock Telegraph
(W T)
20
Apr
6%
28% Jan
Feb
par
tGoebe] Brewing Co
Grant
2% Feb
18%
106
Jan
(The)
conv
19
14
108
7
Jan
preferred
"Glidden
6
Feb
106% Feb
19
Safety Razor
conv preferred
$4.50
1,000
■
13% July
21
Rubber
&
30% Mar
I 11% Feb
22% Jan
No par
preferred—_—
Tire
2
No par
preferred
4%%
25,800
173%
14%
61'
53%
6
53%
55
Dec
15%
5'A July
17%
No par
1
Gimbel Brothers
100
*107
33%
4%%
General
Gotham
4,100
*66%
16%
19
2
-10c
Telephone
Graham-Paige
600
23
41%
*163
12
19% Feb
2
Time Instrument Corp ..No
.1.300
6%"'
15%
68%
18% Jan
8% Jan
No
Refractories
'34,500
13%
23
23%
*106%
,
..
55
•
*61
112%
24%
164 lA
Jan
106% Mar 29
$5 preferred
,
No par
Goodyear Tire & Rubb
No par
$5 convertible preferred—-No par
:
15%
54
54
Jan
160% Jan
8,000
>) '
.
164%
*66%
Jan
2%
__
Jan
July
2%
12%
2
49
7
27
16
7% Jan
Sep
20
9
66% Feb
Dec
20
par
56%
16
164'A
16% Mar
44%
116
Apr
Feb
14% Mar 29
•;>
Sep
Dec
36% July
9% Feb
7
61
Goodrich Co
80
<?/••
6
103
135
,18% Feb
2
2
Jan
13
19
2
87/a Mar
28% Feb 20
4,100
7,900
68%
6% Jan
4 % Jan
Feb
Feb
2
Goodall-Sanford Inc
30%.
61%
; 15
40
48'A
56
50
119
27
2
1,600
29%
33
*173
178
*175
2,300
Va
47%
'/ 164
Jan
8
Jan
27
48
56
Gen
600
30%
27%
31%
/, .<
..
54
29%
108%
*106%
;34
26%
47%
*66%
General
100
98%
29%
164
29%
38% Mar
5
Jan
31
113
Realty & Utilities new
Gen Steel Cast $6
200
(.y.'
47%
/
Jan
Jan
Jan
135
9% Mar 27
Corp
General Shoe Corp
15 3A
56
91
108%
32%
General
46%
68%
30%
9
130
preferred
1,000
29%
163
55%
23%
*107%
.
*
Jan
16
.100
Gen
29%
16
47
30
Precision Equip
Railway Signal
16
16%
16%
49%
29%
70
MaF
No
A
$4.50 series A preferred
14%
23%
41%
17%
No
Adv
Gillette
15%'-
*24
Jan
102
Public Service
48%
16%
48
*163
■;
13%
•
11,800
15
8
._10
Common
4% %
*.
Dec
18% Jan
No
Outdoor
40
51%
25%
.100
Gen
2,700
—
103%
Jan
No par
preferred
$5
10
v.:.,
154%
*103
51%
20
2
Gen
600
28%
4
19
4
Motors Corp
General
Gen
106%
4
27
26%
26% Feb
3% Jan
Gen
1,500
30%
154%
4Va
156
103%
51%
113
*112
112%
26 Va
*53%
55
56
56
*103
51
49%
51
112
113
*112
*154%
26 Va
*102% 103%
55%
*102%
4 Va
4%
156
*154%
26 %
26
*53 %
55
4
154'%
154%
26%
26%
26
25%
'
*53%
4%
4
4%;
157
26%
25%
.
4
42% Mar 26
General Printing Ink
810
'
26
•
26
Dec
Jan
134% Jan
2,100
22% '••■
108
Deti
29
113
No par
preferred
6%
1'
26%
26
69
Jan
No par
7,700
•
26
26
26%
26'A
Nov
Jan
16
preferred series A-No par
conv
5%
'•J'/
22
4%
16
53 %
7
Jan
No par
Corp__*.
2,300
.li'i'.:.
V./'- •'./■
4%
4%
Foods
General Mills
30
~
101%
99
102
26%
4 Va
11% May
15
14% Mar 26
.100
4,700
.
23
Mar
37% Mar
58
No
Cigar Inc
1,200
r. /^
2%
34
20%
21%
*101%
*123%
..No
preferred
4,200
■
107
2%
34
21 Va
:'J
4'A
21%
107
2%
32%
$6
3,200
■
Feb
75
24
.
9%
9%
108%
*2 Va
126
400
F..'
18
26
Jan
25
.—P
Gen Gas & Electrie A
300
-
58%
32%
32
*123%
126
18,600
64 %
127'A
13
Jan
25
:
50
*55
*107
2%
-•
1,000
15% Jan
66
..No par
A
General
24
.—5
General Electric Co
90
130%
9%
108%
*2%
*33%
22,300
;• o.'
120
■
*107
5,0C0
1
26%
'
9%
9%
10
9%
V
4
142
637/a
127%
63%
127%
56%
63%
127%
57
—
;
127 %
64%
*127%
62%
127%
58
62%
127%
64%
59%
120
*129
17,500
:
3
47 % Jan
23
—No
preferred
7%
Jan
8% July
58% Mar
.—8
Transportation
cum
General
40
1
41
37/a
*140
121
128
*58
40%
;:/*/•
140
140
140
,
2,400
:
•
•
='
53
5% May
43 % Aug
12% Jan
Baking
Class
7%
2
—5
General Cable Corp
380
Mar
—1
General Bronze Corp
900
Dec
8
,_50
preferred
3,200
-Vf/:-.-
40%
.
Amer
$8
33'/a
.100
3,000
/
28%
40
:
*130%
131%
*127%
3%
3%
3%
140
142
*140
142
'
3%
3%
4
4
*140
40%
General
50
168
*165
40%
169
6,400
J-
Dec
._20
$4.50 preferred
Gen
24%
Investors.
Amer
2,200
—V
.
•119
29
40 Va
*167%
V:'.' 'v
..
20
*118
20
*165
166
100
6
par
No par
Wood Industries Inc-
Gen
33% Mar
par
Ao
Gaylord Container Corp
5%% conv preferred
3,600
.
6 ///'
6
118%
V..;.
19
*18%
19%
6
117%
27%
27%
166
'
■
.
v
171
*170
.171
171
19
6
V
■
1
Co
Gar
20
106%
170
18%
28 7/8
12%
106%
9
117%
27%
29
12%
107%
52%
20%
118
12%
.
——
2
..20
preferred
$3
Dec
30% Feb
1
1,600
58%
*106%
No
4,200
2 5'A
*56
118%
19%
20%
118%
25
58%
12%
170
6%
6
6%
24%
9
19
18%
20
6 Va
110
i ■VviV
■
Dec
42 %
100
:
(The)
Co
111%
Jan
1
Co
preferred
Gamewell
Jan
34 Va
34
cl A
(Robert)
Gardner-Denver
104%
21
10
(The)
Inc
Co
6%
300
7%
7%
24
*56
108
52
171%
*170
171%
171%
7%
7%
•»
24
12%
9'A
9
9%
75
Gabriel Co
Gair
400
/;>•'.'/ «,-»'•
17%
*72
59
*106
53'A
52%
53%
53%'
12%
107%
*106
7%
7%
23%
*56
58%
12%
13
107%
24%
*56
58
*12%
7%
24%
7%
25%
*17%
72
*17
*71%
Trailer
15
Feb
118
preferred
4% %
1,600
»
*15%
:
Fruehauf
200
'
Feb
46
No par
pfd—100
F'k'n Simon & Co Inc 7%
1,800
•
117
5%
*106
prior preferred
Francisco Sugar Co
6%
Freeport Sulphur Co
116
Jun
110
4
10
10
25
Corp
2,400
'
117%
t,rj
//
36
44
.
114
--
10
114
43'A
42%
1,700
•
122
35%
36
*35%
115
114
15%
*15
122
36
42%
43
42%
122
35%
36%
15
*120
14%
14%
*120
122
'
26'A
19
1
17%
68
301/4
26
16
Jan
Jan
100
33
——'
23 % Jan
6% Mar 20
18% May
Dec
41
10
Corp
57 %
109
par
No par
preferrtd
conv
Dec
42% Jan
53% Mar 26
No par
Stove Co
Florsheim Shoe class A
6%
6%
*6%
6%
*31
33
*31
33%
2
107% Jan
No par
(The)
Co
Jan
Dec
par
25
No
Stores
preferred
$4.50
Florence
44
Jan
22%
100
preferred
National
First
20
43%
*42
43
Corp
Phen Fire Ins N Y
4% %
200
•
Enamel
;:v 32%
*117
108
Feb
33
*17
35%
Aug
32
12
23
17%
36%
Dec
10%
Jan
22
69
122
24
Jan
5
9% Jan
28 % Jan
17 %
36%
Apr
5
23% Jan
69
*120
27 Va
17
19
Apr
No par
69%
;
Dec
19 Va
No par
100
1
Dept Stores
conv
preferred
17
14%
Jan
Aug
Nov
Federated
Federal-Mogul Corp
17
*117
105
Federal Motor Truck—
900
69
14%
28% Feb
Jan
2,000
70
14%
2
100
3,200
6%
50%
*25%
Mar 28
Jan
10%"
17
26
22
5
2%
31%
*23%
69
26
Jan
2
Federal Mln & Smelt Co
17%
V;
•/;
6
15
Light & Traction
71
17
23
2
No par
Co
*70%
17%
7% Feb
•
Jan
Exchange Buffet Corp
Fairbanks Morse &
Feb
10
*31
6'A
49
51
Aug
11% Jan
3
Co
31%
25%
33
61/4
Dec
84'/a
10
*42%
43
/' *31
7
*6%
Ex-Cell-0
20
„
'
*31%
70
Feb
31%
*106
106%
*41
44
Jan
78%
10
108
25 Va
24%
26%
106%
46%
5
5
Cleaner.
Vacuum
Products
8,300
47%
47%
26
Dec
1
16
31%
52
109%
*42
Mar
Fajardo Sug Co of Pr Rico
53%
54
54%
*108%
*105
88
Jan
14
10
23%
52%
52%
53
75% Mar
27
Farnsworth Televls'n & Rad Corp.l
■
53
19
86
Jan
72
106
105%
23%
24%
68 Va Jan
—50
RR Co
Pitts
Highest
t per share
9%
9%
92
105 %
106
24%
15% Mar 14
.100
prel series A
&
22
31%
9%
9%
32%
1044
$'per share
12% Jan
3,100
.
32%
200
'
"I
104
31%
31%
~"'r"
■
9%
5 %
Erie
Evans
19%
13%
31
104%
47%
19 Va
33
104 %
6%
13
33
*103
Year
$ per share
par
—No
common
Eureka
1,300
*6 Vb
12%
19
RR
2,500
•
46%
6Va
19%
13'A
19%
46%
'
29%
27% ,'•.29/:/:
13%
Erie
3,900
16'A
46%
6'A
900
12%
16
6%
6%
6%
19%
22,200
:
12 %
.;
46%
46%
*6%
13%
14%
$ per share
Par
Lowest
Highest
*
46
47
»
16%
Range Since January 1
^Lowest
Shares
$ per share
92
12%
Range for Previous
STOCK
YORK
EXCHANGE
the Week
73
15%
7
516%
14%
*887/s
NEW
for
'
share
*72%
12%
/
121/4
16
$ per;
14%
89%
15%
Mar. 30
71%
71%
-88%
12%
:
45%
45'A
' ;/
14
Mar. 29
Sales
Friday
92
14
71%
71%
*88%
,
Thursday
$ per snare
share
13%
71
92
per
STOCKS
-
Wednesday
Mar. 28 I
Tuesday
Mar. 27
Mar. 26
Mar. 24
PRICES
AND HIGH SALE
LOW
Monday
Saturday
1437
COMMERCIAL & FINANCIAL CHRONICLE
<■
57% Mar 16
57
11
3%
123
May
Dec
Dec
1057/b
Apr
32%
Dec
Apr
6%
J an
189%
Aug
Dec
Jan
16% May
33
Jan
62 %
Dec
42%
Sep
50 %
Dec
6%
r" i..
'&&■
'
.
.
*26
A
*22%
19%
t.sx
H
v-V.
37
*35
37
*35
37
26%
*26A
26%
*26
h
26%
23
21%
22%
22%
22%
*22%
19%
18%
18%
18%
19'A
19%
37'
*35
vi
*35
26
32
107%
*107
107%
*107
107%
107
107 %
*106%
107%
*106%
107%
*107
107%
*107
20%
21
20%
31%
8%«
*109
'•
*153
*153
'
'
s
31
31
35
31
8%
8%
8%
8%
110%
*109%
110%
30%
*8%
100
35
32
*26-fr
26%
22%
*22%
23'/a
20
107%
107%
21%
19%
107
*106%
20%
30%
8%
*30%
*
;
...
900
120
108 >
108
-i:
•
21%
'
'
'•
For footnotes
see
page
1443.
110
8%
9
109
Hall
1,500
600
/
—
Printing
5%
preferred
(M A) Co $4.25
Harbison-Walk
30
Refrac
preferred
preferred
2
38
Feb
2
27
Apr
23
28
Jan
9
26%
Dec
38
26^ Jan
20 Va Jan
2
15% Jan
2
—100
pfd—No par
No par
)O0
Hart, Schaffner & Marx—
flat Corp of Amer class A
6%%
Jan
25
10
No par
Co
Hamilton Watch Co.
33
33%
25
Water
preferred class A
7%
6%
'
31
107%
Hackensack
Hanna
2,800
"
*109
40
2,200
20
*153
*153
*153
*109%
8%%
112
'
—-
31
31%
20 Va
20%
20 Vb
20%
26
—10
1
(modified)—100
Feb
8
Feb
28
18% Jan
2
Feb
17
106
107
154
30% Mar 28
7%
107
Jan"
Jan
4
13
24% Feb
22
7
Mar 19
15% Mar
11%
Apr
22%
109
July
Dec
Apr
21
July
Jan
152
Jan
16
.106
Apr
110 % Jan
12
102
Jun
22% Mar
154
Feb
6
17
15%
138
33% Mar 19
10% Feb
16
5%
Jan
Jan
6
104%
Jan
110
Dec
16% July
111
109
Dec
May
~8%
110
Dec
Jun
July
THE COMMERCIAL & FINANCIAL CHRONICLE
1438
l per
9%
10%
io%
6%
6%
lii'/a
72%
176 %
27%
♦80
82%
♦130%
*71
72 %
*70
72%
*70
*175
176%
*176
82
82
82%
82%
*82
132
130
131
131%
*131
2T-*/,
*25%
25
25
26
43%
43%
*43%
18
*17
*17
19%
46
467/8
46%
46%
*46
46%
*76
79
*127%
128%
*25%
27
25%
25
19
77%
19
19%
77%
77%
*77%
79
128%
27
26
43 %
43%
'
26
*18
18%
18'%.
21%
21%
21%
20 % Jan
15
8% Feb
8
Feb
8
22% Feb
13
118
10
76% Mar
72% Mar 24
2
Mar 23
175
Jan
4
22% Jan
22
28% Feb
17
90% Mar
Jan
170
par
.—No par
82
Jan
8
J—100
120
Feb
15
preferred
132
Highest
* per share
6%
2%
I per share
Apr
9%
Jan
99
20%
8%
Mar
Sep
63%
160
112
Dec
S6p
Dec
22% July
75% Feb
Jan
Mar
170
Nov
20%
Apr
27%
6
75
Apr
89
Jun
31
128
Jan
134
Mar
Jan
73
July
Apr
125
Feb
*118
46%
46%
*46%
191/2
19%
80%
*77%
Xl09%
109%
.
—
19%
47
20
26
109%
73%
71%
73
72%
72%
72
14%
15
14%
15
15%
15%
38%
38%
37%
38
37%
38%
37%
38%
*2%
2%
2%
11%
10 %
109%
72%
15%
Class
25 %
Aug
2
29% Feb
28
20%
Jan
23%
Dec
41% Jan
23
B
5%
72%
15%
38%
38%
2%
*2%
2%
2%
2%
800
10%
10%
*10%
11%
*10%
11%
47%
Sep
13%
Jan
21%
Nov
13%
Jan
19'A
Dec
Mar
6
115
50% Mar
6
39
Jan
46% Mar 27
42
May
2
4
16% Jan
2
23
Mar
71 '/a Jan
par
—No par
26
2
81
Jan
Mar 29
26
Mar 29
1
11
Oct
117
Apr
47 7A
July
45
Jun
13%
Jan
18%
Aug
54
Jan
72 %
Nov
2
111% Jan
18
66% Jan
2
74% Mar
8
.12% Jan
22
18% Mar
1
7%
Feb
20
43% Feb
21
30%
Feb
1%
Jan
2%
Jun
6
Jan
11%
Dec
100
108% Jan
34% Jan
300
118
Jan
Jan
Howe Sound Co
3,300
2%
10%
36% Mar
19
48
15
44 % Jan
-Houston Oil of Texas v
15,000
2%
26
Houston Light & Power Co.—No par
t c
25
1,100
r
15%
Feb
42
—
Dec
21% Mar 29
117
—No
preferred-
Mar
20% Feb
26
340
78
18% Mar 29
12.50
-
15
17% Jan
100
109%
*72
Feb
—No par
Household Finance
100
19%
100
Houdaille-Hershey cl A
5,500
20%
114
26% Mar 12
a
Homestake -Mining
v
81
—
128% Mar 29
25
No par
1,900
...
63
17
Jan
10
(A)
7,100
47%
46
*46 %
47
2
Jan
25
23 % Jan
;
(Del)
Hollander & Sons
Feb
123
10
A—No
Holly Sugar Corp
7% preferred
*118
47%
Furnace
300
3,300
1
72
par
No par
preferred
conv
Holland
500
18%
21
47%
$4
600
43%
*43%
18%
103%
a
107%
114
Nov
* Feb
63
Sep
70% July
13 % July
37%
July
'
Hudson
Manhattan
&
loo
2
Jan
16
3% Mar
6
100
10
Jan
19
14% Feb
15
—No par
27
Jan
2
32% Feb
28
—No
14'A Jan
6
21% Mar 29
3% Jan
2
—
'
4%
29%
29%
20%
20%
21%
4
4%
4%
4%
30%
5%
A Hud
2,700
v
}
non-cum
preferred
Bay Min & 6m Ltd
4%
65.400
Hudson Motor Car
4%
10,300
Hupp Motor Car Corp
,
22% Mar
28% July
•
-
21%
21%
4% '
4
29%
29%
19
19%
18%
19%
29%
29%
29
30
4%
Mar 13
25
—No
Hinde & Dauch Paper Co_.
Hires Co (C E) The
200
26
25%
15%
19%
Mar 26
100
preferred-
Motors
Hershey Chocolate
200
128%
26
73%
30
6
1914
Lowest
share
12% F»'0
4
108
15
Hercules Powder
6%
9% Jan
9
Co
W)—
non-cum
Hercules
"
79
*76
128%
109%
*10%
-
480
132%
20%
109%
109%
*109
—
1
25
—
Glass
—
(G
7%
:
8,300
200
26
20
19%
*76% '
.
83
44%
*118
—
45%
.45%
19%
20
*118
♦118
*46
*76
*127%
128%/
*25%
.
;
28%
C,
S per
1 per share
Year
■
Highest
'
79
*76
♦127%
*130
Lowest
Corp
Co.
Helme
100
176%
27%
Hecht
1,500
71%
176 %
Mfg
Hayes
Hazel-Atlas
350
21%
*175
*
Range Since January 1
Hayes Industries Inc
7.600
•/-:
111
*21%
82
19%
45%
21%
28
20
20
21%
27%
44
*17
21%
27%
27%
*43%
111%
21%
Range for Previous
STOCK
Har
3,900
G%
6%
*110
26 %
26%
*26
6%
110%
*130%
127
26%
6%
110%
27
79
127
6%
share
YORK
EXCHANGE
Shares
$ per share
11%
10%
*80%
132
*76
10%
72%
26
72%
10
6
21%
*175
27
10%
176%
*71
♦175
share
1C8%
6%
110
21%
21%
21%
6%
10%
6
108
111
$ per
$ per share
share
$ per
$ per share
NEW
for
the Week
Mar. 30
Mar. 29
Mar. 28
Sales
^Friday
Thursday
Wednesday
Tuesday
Mar. 27
Mar. 26
V
STOCKS
AND HIGH SALE PRICES
LOW
Monday
fiaturda*
Mar. U
Monday, April 2, 1945
—
par
A:
1
5% Feb
6
8%
Feb
1%
Jan
16% Aug
6
Aug
i
Idaho Power Co
31
31
31%
31%
700
26%
27%
25%
26%
25%
26%
26%
26%
26'A
26%
28,300
57
57
56%
55 %
56
56
56
55%
55%
1,000
81%
81%
56%
81%
80%
80%
80%
81
*80'A
80%
230
/
/ -v
*31
31
32
*31%
32
31
'
♦so:
25%
24
23
24
24
24
24
24
24
24
490
24
*24%
23%
24
23%
23%
23%
23%
23%
24
40
40%
40%
40%
40%
40%
*108
109
41%
*40%
*108
109
*108%
111
108%
40%
108
109
108%
109
110
85%
12
*9
84%
84%
84%
84%
*84%
12%
*84%
11%
12
11%
11%
11%
*38
♦176
108
*178
*107%
6%
6%
8%
9%
180
*177
38
39%
108
6%
6%
6%
'
19% Jan
2
par
39% Jan
$4.50
No par
76%
75
Ingersoll-Rand
6% preferred
No
par
104% Jan
166
Feb
par •
82
Jan
2
•
12%
5,800
8%
Co
Inspiration Cons Copper
500
Insuransharrs
39
900
Interchemical
109
10
Ctfs Inc
1
*177%
75%
76
6%
3%
7,500
180
19%
19%
18%
82
82
82
76 %
No
Interlake Iron
10%
3%
3%
3%
4,700
19 %
19%
19%
19%
19%
82%
*81%
82%
82%
6%
6%
6%
31%
32%
A
82%
6
119% Feb
16
Mar
5
88% Mar
6
14% Mar
6
6
Feb
15
25
44% Mar
6
3
108% Mar
9
32%
•
,
15% Apr
35% July
100
887/«
No
par
100
178% Jan
31%
135%
*135%
137%
21%
22%
21%
22%
22%
22%
22%
23%
88 %
89
87%
88
88%
88%
88
90
25
2% Jan
23
V Int
2,900
136
136
136%
136
%
130
' Dec
20%
106%
10
10%
10%
10%
80%
79
79%
79%
80%
80
81
46%;
45%
451/8
*44%
46%
*45
46%
4%
40%'
39%
39%
40
137%"
113
*108
113
137%
*1161/4
137%
41
118
*116%
40
112
*40
*113
40
112
1
40
401/4
112
*110
137%
*110%VJ37%
26% ,26%
.117
188
19
Jan
111%
165
Sep
Feb
x87
Aug
9% May
7% Jan
12% July
17
Jan
•
8%
<
24%
26 %
*116%
25%
25 v.-
26%
25%
1
105%
24%
25%
26%
26%
24%
,
25%
26%
2.6%
21%
21%
23%
23
23
38
36%
36%
38
,,
v
*22%
36%
26%
67%
Feb
21
2
22% Feb
19
2
84% Mar
5
Feb
Apr
82%
Dec
165%
Mar
Jan
Jan
180%
Dec
8% July
10% July
188
Nov
1% Jatt
15% Jan
3% Aug
18% Jun
65
80
100
1
75% Jan
5 % Jan
2
7% Feb
1
4%
Jan
No par
100
:
28% Jan
24
34% Mar
7
25%
Apr
International
5%
-
conv
Paper Co
preferred
5%
23
136% Mar 28
130
Jan
136
Oct
19% Jan
26
25% Feb
28
13%
Feb
21%
Dec
26
94
Mar
19
66
Feb
94
Dec
9% Mar 26
100
Silver
.
79
per
No
International Shoe
42% Jan
—No par
50
7 fo
preferred
Intem'l Telep & Teleg
39
13% Feb
Feb
7%
Feb
12%
21
68%
Jan
92
Jun
39%
Jan
47
Aug
35%
Jan
56%
Jan
88
15
Jan
15
121% Mar
6
42
2
Jan
.
19
Feb
45% Mar 26
Mar 27
92
70,900
/
—100
No par
Foreign share ctfs
/
26%
No par
3,400
,
•
21%
22
23
23%
23%
36%
36%
36%
-Interstate Dept Store*
2,700
/
200
Island Creek Coal-
'
38
*110
»
35%
36%
36%
38
114%
106
114%
*110
*36
36
114%
*110.
*36i/2
37%
114%/
♦110
37%
\
2
104
106%
106 J/4
1061/2
106%
106%.
106%
43
Sep
93
•
Dec
35
111
112%
111
*90%
*90%
97
•
29%
29%
'
*34%
*34%
*110% 111%
*110%
111
*90%
97
*90%
97
28'%
28%
29%
80
81
97%
97%
96%
96%
26
26%
25
26
*81%
'
82%
35»A
35%
35
36
♦111
Feb
135
Oct
Dec
18% Jan
2
28% Mar 15
11%
Jan
20
2
28% Mar 16
11%
Jan
20% Aug
•20% July
79
.
*95%
25%
97
29
29%
80%
79
35
*110%
*87
29%
29%
35
300
111
-
10
•
145
29%
No par
80
80
800
*96%
98
97
97
300
25%
25%
26
25%
26
4,400
15
15
Jan
29
Jan
45
July
Jan
144
Dec
24 % Mar
24
12
147
Mar
5
Apr
138%
20%
Dec
-
4'%v;2hdi preferred
34% Jan
22
41% Mar
27 -
Apr
100
111
Jan
23
113% Feb
15
107%
Jan
112%
101
Jan
2
Feb
15
84%
Feb
105
12%
31
Jan
25
37% Mar
1
30'.:
Nov
109% Jan
27
ser A——100
Chicago: RR stamped—100
Jones 8c Laughlin Steel
No par
13,400
80'A
96%
Jan
1
Mar 17
41% Jan
9
-
No par
-
Joliet Ac
95
2
24
36% Mar 27
-
Johns-: Manville Corp—
Johnson Si Johnson-.
.'
2,000
17% Jan
19% Jan
per.
f
J
Jun
18% Jan
*
.-No par
1
4% *fr preferred-—
;
107
'
36
117
l
•Jewel Tea Co Inc..
500
114%
"
106
-
06 preferred
*147
■
*110
—No
Intertype Corp.
500
Jun
84% Jan
No par
Salt—
/- International
Feb
Dec
6%
32'A July
15
preferred——
International
129
Jan
100
Inter Rys of Cent Am
■
"
400
2i%
*147
*147
*147
*147
21%
21%
21%
*22%
23%
39%
*116%
Dec
Jan
'
1
22%
21%
Oct
^0% July
Apr
Nov
6%
183 % Feb
5 v
29%
,
*22
Nov
Mar
71%
6%
Jan
82
74% Mar 21
5
preferred
V*' Preferred
600
9%
Chem
&
International Mining Corp
300
9%
10
9%
Min
Int Nickel of Canada
280
45%
*38
Oct
Dec
*
20,000
45%
Hydro-Elec Sys class A
International
1,600
.
80
25%
Dec
154%
10% Mar
4
Preferred
19,700
81
*257/8
Nov
v*
42% July
Jun
158
104
8% Feb
8% Mar 26
/International Harvester
5,500
32
6% Mar 28
par
No par
173% Jan
500
6
31%
30%
10%
*45Va
22
6
8% Jan
par
4,500
31%
22%
*80%
Jan
19
20
Mar
37% Jan
No
190
135%
137%
91%
8
Feb
25% Feb
104% Jan
:/Tnt Business Machines
4,500
183
30%
32%
91
182%
3%
19
6%
57/8
182%
5%
82
"
6%
182
*81%
19%
22%
77%
par
No
Intercont'l Rubber
100
3%
3%
3%
♦135%
Jan
100
Corp
preferred
4% %
2,200
9%
6%
9
9%
179%
75%
182
3%
31%
Dec
46
171
11% Mar 26
20
Dec
56
109% Mar 16
26
No
Steel
23y2
Jan
45
2
100
Inland
Jan
27
...
24
700
38%
6%
8%
76
182
3%
*6
Jan
600
~
182
183
182V4
105
85%
—
8%
preferred A
Feb
10%
25%
3
81% Mar 21
2
*107%
9%
38 %
109
179%
9%
180
182%
75%
77%
77%
109
87/e
9%
179
*38%
39%
*107%
6%
9
*8%
9%
♦8%
22
par
Rayon:
24
16
,
39%
109
6%
9
9
9%
i
*38
*107%
18% Jan
1000
-
6
61% Feb
24
No
111
12
72% Jan
No
200
*84%
12
ctfs-series A
30
100
34% Mar
24
47% Jan
30% Mar
3
19% Jan
100
Indianapolis Power & Lt
109
*169
85%
RR See
29 % Jan
loo
Co
Industrial
111
110
20
Central RR
preferred series A
700
109
109
*169
*169
*169
*169
*108%
108
6%
Leased lines A%
2,700
40
Illinois
=
■
5
% f-pret series: A——
pref V series'B;. conv_
/ Joy Mfg Co—.
90
,
Jan
10
27% Jan
Mar 27
J.00
—
91% Jan
2
]
19% Jan
9
6
111% Mar 20
-
24
79
.100
113
93
;J,an
9
32% Mar
6
'
38% Aug
107% £ep
90
111
May
Nov
Dec
34%
.
:
95
Sep
Dec
May
•20%
Jan
.28
Dec
8
58 f
Jan
80
Dec
6
66%
Jan
93
Dec
27% Mar 19
10%
Jan
20%
Dec
1
85%)Mar
103%
Mar
0
K
24% '
247/B
*122
23%
124
125
-
40%
♦19%
40%
*26%
39%
*39 %
40%
20%
*19%
20%
27
26%
26%
26%
251/4
25%
*25%
20%
*112%
!
*25%
251%
21%
21
*23
23%
44
36%
41%
,
*113
35%
/:
*122
-
16%
i *39%
26%
*25%
21%
'
22%
.*22
113%
113
35%
36%
*23%
24
*42'
43
*42
8%
9
9
31J/4
74%
30%
*109
26%
26
26
26
74%
75%
30%
111
30%
■;
*109
26%
26%
74%
J
200
200
26
400
22%
2,600
113
60
23%
23%
41%
8%
111
,800
,1
26%
23%
23%
41%
75%
30%
40%
37
9J%
*109
30
8,500
*73
Kan City P/& L bf serB
-
200
74%
30%
i"
r
27%
*8%
10
*8%
10 %
*8%
10
*8%
37%
38
37%
37%
37.%
37%
37%
37%
1.200
39
39
38 J/4
38%
38%
38%
38%
38%
38%
38%
51/8
5%
Kresge 48 8)
(S H)
Laclede
When
32%
39
39
52
*50
51
127%
34
31%
13%
12%
34%
*137
2%
41
8%
8%
31%
32
32
32
39
39
39%
39%
51
*50%
*50%
12%
33%
135 1
12%
34%
136
12%
51
13
131/8
8,000
1,300
8%
8%
6,000
2%
2%
21/4
2%
2%
3,900
40%
401/4
401/4
39%
401/4
2,200
38
39
38
38%
X38 %
38%
38
38%"
1,700
*
8
2%
8%
8%
8%
22
22
21%
22
18%
18%
17%
18%
17%
18
18
56%
56%
55%
56
55%
56%
8%
8%
8%
8 7/8
*46%
471/2
47%
47%
*47%
82%
*80%
83%
*81
81%
82
192
192
192
192
*31%
53%
,
50
47
46
J/2
33%
81
192%
*31%
81
192%
32
81
192%
32
24
Dec
31% Mar
42
'Oct
3
Feb
54%. Jan
34% Jan
Mar
5
27% Feb
6
Feb
13
6%
Jan
112
11
3
32
108%
22
9%
78%
Dec
Dec
Dec
34%
Dec
108%
Dec
Feb
27%
Nov
'10%
Dec
Oct
Jan
19
39% Jan
2
27%
Jan
39
Dec
Jan
24
41% Mar
7
31%
Jan
37%
Nov
5% Mar 20
9'A
9% Jan
5
Jun
13
Jan
21
7%.Feb
2
70% Mar 20
101% Feb
2
62
Jan
104
May
35% Jan
19
5
par
par
Mar
26
Apr
x31%
Dec
30
Jan
24
44% Mar
7
17%
Jan
31%
Dec
Jan
22
54% Mar
2
38
Apr
49%
Dec
12
Jan
8
Jan
31% Jan
3
15% Feb
15
29 % Jan
24
37
Feb
20
21
Apr
123% Jan
29
143
Mar
6
113
Jan
6% Jan
50
30
4
10% Mar
127/a
31%
127
Oct
Dec
Dec
var
4%
Jan
8%
Dec
Jan
2
1%
Jan
2%
Dec
35% Jan
22
45% Feb
20
15%
Feb
39%
36% Jan
—No
22
42% Mar
1
29%
Jan
38%
Dec
2% Mar 26
50
3
1
'
Dec
—No par
17'A Jan
22
19 % Feb
28
17%
Dec
.19%
Dec
56%
2,200
Libbey Owens Ford Glass. .—No
59% Mar 14
42
Jan
16,100
51% Jan
7% Jan
24
87/8
83%
82
Stores
Corp
(new)
par
100
Libby McNeill & Libby
Life Savers Corp
200
Liggett & Myers Tobacco- II—Ilia
Series B
1,800
192 V2
102%
192%
170
32%
33%
33%
300
-
Preferred
——
Lily Tulip Cup Corp
51%
51%
52%
53'/4
*53
53%
2,400
Lima Locomotive Wks.
47
47
47%
48%
*48
48%
1,000
LinK
Belt Co
-
.;
2
9% Mar
——100
—No
par
6%
Apr
53% Aug
8% July
-No par
-No var
52
39
Jan
78
Jan
2
87% Mar 13
68%
Jan
83%
78
Jan
3
87% Mar 12
67%
Jan
86%
181
Jan
5
192% Mar 27
174%
Jan
26%
Feb
32
Mar 28
Feb
2
47% Mar 28
—————25
521/4
: 19% Jan
47
46%
For footnotes see page 1443.
9
20
45%,Feb 14
Lerner
48%
*46%
Mar 26
Dec
1,700
8%
*80
15
Jun
May
Jun
56%
81 Va
78% Jan
6
19%
•
115
A 37%
21%
8%
82
21
Jun
Jan
56%
48%
Feb
Jan
May
18%
8%
81
23
29%
7
56%
81%
'
10% (Feb
13%
111
23% Mar
18%
82
24%Feb
15
1
3
18%
86%
£e)> 10
39% Mar
20 Va Jan
18%
48%
115
37
—No
Bryant-
Lehigh Valley RR
Lehigh Valley Coal
6% conv preferred
Lehman Corp (The)
900
*47%
28
7
Jun
HI—1—5
22%
*81
24%
2
24
24%
Lehr, & Fink Prod Corp
*21%
*81
Aug
Jan
36
Lehigh Coal & Navigation "co-—10
25
Lehigh Portland Cement100
1% conv preferred——
150
39
2%
22%
53
136
Dec
x26"
Jan
14%. Dec
39% Mar
No par
—No
34%
13
34
135
/ 20 %
17
9% Mar
Lee Rubber & Tire
34
Feb
20
26
.100
(The)
Lane
Jan
13 %
7
14
30% Mar 27
4
100
:
40
2%
9
Lambert Co
2,200
•
19%
Mar.
27
108% Jan
100
400
135
22
33%
,
-
Mar 15
29% Feb
73
pur
21% Aug
Feb
124
'
No par
preferred
50 %
Apr
Dec
Jan
8% Jan
.1
Co
40%
34
22%
*31%
33
-
6%
22% Mar 10
38% Jan
8
1
10
Issued
50%
135
22
8%
32
5%
Gas Lt
,
16%
117
28% Feb
18% Jan
10
is Co—
1
(Mar 26
18% Mar 19
23
35'A Jan
100
Co_
*391/8
39
2%
39%
34
137
8
42%
*38'%
127/8
34
137
142
*8%
31%
—No
28% Mir
124
22
110% Mar
-
par
s
3
22% Jan
1
No par
No par
Jan
23% Jan
No par
'.No
Kroger Grocery is Bak
140
40
47
Kress
,
3,700
32%
44
21
Kresge Dept"Stqrf.sj_—
24,500
40
*50%
22
-
5%
5%
Jan
18% Jan 28
__
pfd A___
Kidney (G R) Co-v
>: $5 prior preferredHoppers Co Inc—__
4%
preferred—
73%
5%
;
—
Kimberly-Clark Corp
1,379
5%
.
-Keysteoe Steel A Wire Co.
.
10
10
38%
5%
Class: B
■Kehheeett Copper———:.
1,800
*8%
73
34
-
377/8
*5%
*
/■ Kendall Co. $6 pt
,2.100
26%
22
4% VMon-cumf preferred-—
-100
KaufmannDept. BfcOres-——_
I
Kayser (Julius) & Co/.—
—S
'iKelsey Hayes-WhT cony di A
1
110%
27%
3
Jan
•
140
30%
*109%
30%
111
Jan
■13
-r
800
9
20
117
par
'
300
43%
10
.No par
^
A Kansas--City ^Southern—. —No
11,900
-
*
Kalamazoo Stove ft Furn_
•
1,100
■
17%
36%
41%
*8%
24%
124
*19% >20%
113%
21%
114
36
26
24
23
-
*74%'
75%
31%
111
26%
9 >/4
9%
31%
,
114
23
*42%
*74%
.
17
*19
35%
*109
124
19%
367/e
*9%
39%
16%
17%
25%
21%
114
36%
*122
122
16%
39%
*25%
27
21%
♦112%
122
;
24 "'•■:/
19%
-
26%
'
17%
23%
24%
39%
;
20%
*25%
33%
124
15%
18%
17%
23%
1
38% Feb
21
49%
182
32%
Dec
Jun
Jun
Nov
Dec
47% Jan
25
59% M'r
1
36
Apr
52
Dec
41% Jan
22
51
Mar
7
37
Jan
44
Dec
1
Volume
LOW
Mar. 24
$
'
I
!
21'A"
21%
*21
301/4
Friday
Sales
Mar. 29
share
per
Mar. 30
NEW
the Week
$
$ per share
share
per
Range for Previous
STOCK
FORK
21%
30%
,30 %
30%
301/a
30%
31
31%
20 %
20%
20'/4
20%
20%
20%
21
21%
21%
76
761/4
74%
76%
743/4
75%
76
763/8
76 %
771/4
3,900
51 %
5IV2
50%
51
501/2
50%
■*50%
51%
*5034
51%
1,000
Lone Star
17
15%
163/4
16
16%
16 38
16%
16 3%
17
4,500
441/2
441/2
43
43
*43
43%
431/a
43'/8
*43 Va
44
Long Bell Lumber A
Loose-Wiles1 Bisouit
21 »/2
21 Vz
20%
21
20%
20%
20 3/4
21
*16 3/4
*172
174
26
26
54'/2
551,2
261%
26 %
26
0* 72
52
531/2
53
31'/a
31%
31%
*108 %
109Va
*108%
109%
*171/4
18%
*17%
17%
110
*108%
*171/4
181/2
17%
17%
17'A
181/4
181/4
17%
18
81/2
18%
*17%
18%
17%
171/a
17 3A
450
*370
*370
8%
8%
8%
8V8
8%
*14 %
143/4
*14%
143/4
24%
24%
24%
*4
24%
7%
7%
*141/2
15%
243,4
2434
*14%
24
43,8
4%
4
4%
7%
8
7%
7%
24
4 •/«
4
j.
.
7%
'
.
7% '
'
.
:
4 Vs
—
7%
...'
'
17%
16%
17%
16% / 16%
19%
20
20%
20%
20%
21:
24%
24%
24
24%
24%
243/4
24%
243/4; V, *1"'
9%
10%
9%
10'A
10'A
10%
10'/8
40%
40%
.41%
41
41%. ;
41 j
"v;
41'A W
*30
'
24 '/a
40
*29%
243/4
24%
*29'A
41
41
421/2
24
/■"V 8%
"
9
31%
31%
*31%
*112%
*19%
25i/4
".V
.
112
*110%
*19
12%
101 Va
98%
:>■'
12%
101%
98 3/4
12%
12%
12%
Masonite
14
14
7
■
19
.
19
*101%
98%
37'A
7
37
36'A
36 Vz
*36 3/4
16%
17
15%
16,3/4
15%
16%
<
57%
56'A
56%
*38%
39%
38%
39%
38'A"
37%
38
38
*107%
109
39%
39%
109
109
*107%
;
■
'
i
■
/
600
19
12%
$6 1st cum
$4
400
Elec
37%
16%
17%
57%
57%
573A
39
40,
*107'/a
156%
156%
154%
154%
1543/4
1543/4
*53%
55%
1%
115
*111
■"
'1%
'42%
1%
.
42%
*111
115
*110%
112
*110%
*109
111
1133/4
113%
26%
28
28
7%
*110%
114
*111
27%
2
26 V*
43
*110
i
*4.
y.
114
*110%
:
■:
25%
27%
41%
41
41
281/8
281/s
26%
27%
84%
85%
85%
114
*113
'
*109%
120 Z
85%
85%
85%
86
27
v
2
43%
4,500
'ffT.T
T?,'
'
3,500
-t "20
7
114
100
7%
26%
26%
*41
403/4
1,000
*27
28%
600
85%
1,600
85%
853/4
*113
36%
'/T18:/: 118
*118
120
*118
120
*118
*109%
111%
*109%
111
~io
50
51
51%
513/4
52%
51%
52%
9,300
*41
42%
*411/8
42%
*41V8
42%
100
53%
51 «/4
52;••
41
41
37%
35%
36%
35%
363/4
36
36%
36%
39%
12,480
24%
23%
24
24
24 %
24%
24%
2,200
.32%
33
33
33
800
11
5,000
24%
243/4
243/4
24
24%
32%
32%
32%
32%
243%
10%
24%
*83%
14%
10%
10%
99%
97 %
97%
*y /%
24 3/4
24%
24%
24%
24%
*82%
84%
84
*82%
*112
113
*112
14%
14
14%
14
*52
55
*52
55
*52
10%
*97%
243/4
113
*112
*32%
10%
10
11
100
100
'''■>/■ 3V
2*%
; *83
84%
8% Feb
20
6Va
Jan
8'A
Jun
Oct
Dec
51% May
32% Feb
13
25 %
May
273/s Feb
16
27% Jan
Mar 26
46% Mar
7%
12
118
Mar
16
62% Jan
26
76
Mar
5
52%
6
99
99
99
30
24%
24%
25
2,500
83%
300
84
20
113
113
14%
14%
7,400
15%
55
*53
54%
*52
55
10 %
10%
84%
143A
14%
33
Sep,
Dec
Nov
67'/a
•4
43
Mar
8
4'/a Mar
32% Mar
110% Jan
29
112
Mar
15
106'% Mar
27% Jan
22
35 Vb Mar
T
193/4 Jan
25
223/4 Mar
7
193/4
Jan
16
Jan
1103/4
Oct
21
Jun
112%, Apr
25
Feb
27
Apr
323A
Oct
193/4 Jan
2
23% Feb
20
14
Feb
22
Dec
2
61V2 Mar
6
47
Mar
553/4 July
283/4 Nov
24% Mar 27
281/8 Jan
27
21»/8 May
2
4
Mar
9
25
14% Feb
28
1093/4 Jan
24
111% Jan
19
17% Jan
3
20% Feb
7.
14% Feb
27
8
Jan
13
102% Feb
17.'
82
Jan
100
70
Jan
94
12
94
Jan
3
35
Jan
2
54% Jan
Jan
f;
42% Mar 26
111
No par
$7 preferred—
——-No par
No par
No par
Munsingwear Inc
Murphy Co (G C)
43A% preferred—
Murray Corp of America
Myers (F E) & Bro
-
-100
10
No par
Dec
107
30
6
Apr
8% July
23%
Sep
28'A July
6
27'/8
Jan
39
Mar
6
116'/a
Jan
1443/4
Oct
Jan
12
46
Apr
58 3/4
May
19% Feb
16
*12%
Oct
19'A
Dec
160
68
:
2% Jan
47% Mar
113% Jan
9
Mar
4
1
5
13
2
1%
36'A
105
Oct
Apr
Mar
108% May
Sep
107
Jan
30
6%
Jan
31% Mar
8
173/4
Feb
5%Jan
22
22
9% Mar 19
31 % Mar 19
92% Mar
41
118
Jan
9%
111
Nov
Dec
___
Oct
Jun
23% July
6'A Dec:
Jan
18%
Dec
39%
Jun
Sep
Apr
25
1113A May
117
Jan
114
Nov
119%
Sep
113
Aug
743/4
88%
Oct
Oct
107%
Jan
6
41%
Apr
53% Nov
21
35%
Jan
42
23
39% Mar 19
21%
Jan
35 %
Dec
20
26% Feb
15%
Jan
24%
Jun
6
9% Jan
6
v, 97 Va Mar 27
22
111% Mar 26
112
Feb
23% Mar 27
31% Jan
Mar 26
113
Mar
Mar 26
32% Jan
213/4 Jan
6
114% Mar 15
Dec
Jan
193/4
8
Dec
Jan
33
Feb
Dec
46
114
8%
29
0
25% Jan
25/i
Aug
2'A
423/8 Mar 17
Jan
Dec
Dec
1
2
16% Jan
<
1
Mar
Jan
12
1
107
Jan
93 %
27
class B
Aug
5
47% Jan
———1
Dec
39
38
116% Mar
108% Feb
-
55%
Jan
4
$4 preferred series C
—No par
Montgomery Ward & Co.
No par
Morrell (John) & Co.
No par
Morris & Essex———
-50
Co
Jan
Mar
27
22 % Jan
114 Vb Jan
Mullins Mfg Co
37
25
2
109% Jan
——No par
No par
Wheel Corp.,—__————5
9
114
36
Oct
Mar 29
111% Mar
79% Jan
Motor Products Corp
Dec
13
111% Jan
' [Preferred series B
16'A
19
10
Co——«
Jan
110 % Jan
No par
Chemical
8%
110% Jan
JVo par
100
20
Nov
30
7'/a Mar 26
Sep
38%
Jan
1
Deq
Apr
45
Mar 24
'15% Jan 19
} 1% Mar 27
*
Oct
Dec
193/a July
9 Vb Mar
3
53
Dec
293/4 Mar
.2
137
13%
31%
109
24
c
16% Aug
1043/4
111
16
443% Mar
7%. Jan 23
Jan
Sep
Feb
40
4
..
Feb
6
58% Jan
3
1063/4 Jan
Apr
10
17% Mar 23
3
Jan
37
97
103
;
Mar
40
33 Ve Mar 10
Jan
preferred series A
Carpet Mills
preferred ser A
100
14% Mar 10
26
No par
10
Corp
108
12% Mar 27
983/4 Jan
35
Noppr
—3
100
100
100
Dec
291/2
30% Jan
—100
preferred
July
52
Jan
34
Feb
Dec
11% July
44
13 Vb Jan
ImpI—
Power
Brass
24%
176%
Feb
15
1093/a
Jun
Mar
83/4 iJan
10% Feb
29
104% Jan
5
preferred series C
series D
Mueller
170
403/4 Jan
>.
10
preferred
Monsanto
193/4 May
176% Jan
No par
Monarch Mach Tool
/
4
23% Jan 26
par
5
vtc—
B
Moline
Motor
4.-X-/8
113
*112
113
9
Dec
Apr
No par
1st preferred
cum
$4.50
120
23%
Aug
37%
Mohawk
114
,
1st preferred—
Co
Mo-Kan-Texas RR
34,500
40
•
114
*109% 111%
.
Min Trans
Mission
10,600
27
*113
111%
Corp—
Steel Products
$6.50
5,300
27%
114
111%
4
6
Copper—
Petroleum
4%%
Minn
3,500
.
*113
112
Jan
100
10
(The)
conv
Class
4%
7%
114
*113
2'/a
40
-18
Minn-Honeywell Regulator
4% conv pfd series B
.
42%
521/4
■
1,600
'
41' •;
28%
*27
273%
*111
27%
:
*26%
6%
"
7%
114
26%
41
7%
8
par
Minneapolis &. St Loui# Ry—No par
Minn St P & SS M A vtc___No par
1,400
111
\
"
7%
7%
27
41%
Shoe
Midland
150
115
111
v
7
6%
253/8
40%
16
*1%
7%
2 6 3/4
271/4
6%
4% Mar
Dec
Mid-Continent
900
%\
53
*111
-•
A
7%
7%
41%
7%
/
43%
V,
112
xa,'.
263/4
"'2
12
No par
Co
Miami
4,700
'
*153/4
%
115
26%
7%
53
2
43 V
*111
•
112
;
•7
16
16
,
42%;
.V
•/•y
7%
7%
7%
16
24%
Jan
Metropolitan Edison 3.90% pfd__100
'
/1%
*109%
112
111
•
W
115
*111
*109
7%
155%
7%
8
5%
'2,000
73/4
42%
Feb
Feb
4%
5
w
w
20
41%
'
10'/a
183/4
23
No par
1
1
50
Mengel
990
26%
■
6
2
12% Feb
No par
ser B
*107% 108%
108%
73/4
43%
Dec
15 % Mar
26% Mar
9% Mar 26
$6 preferred series A
2,800
40%
*1% ;/ 2
10'A
17
3% Jan
par
Co..
Mfg.
39%
39
263/4
16%
Apr
Jun
20
-1
&
393/4
*423/4
6%
8
391
May
Machine Co—
27
16
103/4 Jan
Dec
253/4
Co
Mesta
39
7%
7%
15%
Dec
Jan
No par
Stores
Merch
3934
:
Oct
22%
20
1
1,100
26 7
16%
19
jun
21
preferred i
Melville
10,400
39
15%
Jan
14%
Jan
$5.50 pfd
2,400
27
16%
14
2
Apr
No par
Mead Corp
v"
240
383/4
38%
54
27
19
Jan
Co
McQuay-Norris
2,200
;39
*53
Feb
22% Jan
38% May
108'A
13Va
*
—1
100
preferred
5%
60
98%
,26%
155
Jun
12%
Corp
McLellan
13
98%
7%
53
104
16 Va
.
1,300
V. ?'!
/
39
155%
X26% Aug
1
1
i—100
10
1
3,700
.
27%
53
Dec
5
Mar
183/4 Jan
Mclntyre Porcupine Mines.
McKesson & Robblns Inc—
:
19
7%
154%
343/4 Mar
27% Mar
No
Wks
McGraw-Hill Pub Co
100
/
39
55
Nov
48
Jan
—1
preferred—--
McGraw
1,000
112
26'/4
53
Dec
148
21% Mar 16
i—
McCrory Stores Corp.—
5% conv preferred ww
100
14%
39%
*117
.
108%
;
$3
McCall
1,300
27%
7'
.
100
16%
38'A
108%
7%
30
Feb
Jan
34%
22
-No par
No par
preferred-——No par
Maytag Co
100
58
39%
,
Apr
135
22
Co
Department Stores
May
1,800
•
<r-f
20 *•
27%
*7%
6
15
18% Jan
No
No
preferred
7%
.
37
77 57-7'7/
38%
37
*56
,
27
1
Corp
Alkali
Malhieson
2,400
.
38
•
16'A
.
56%
*56%
253/4
Oct
16% Mar 29
"
37
Dec
24%
21% Jan
Co
Corp__
Elec
Master
_•
•
•
31%
;
*110%
99
38
V / ■*
,'i
-25%
104
98
98
98%
*97
■
165
Jan
J an
'
73/8 Mar
100
Field & Co
(Glenn L)
1
Jan
No par
prior pfd
Ry 6%
2*»
Dec
Dec
July
20%
Mar
110
Mar 26
14
-5
I
5
.
24%
123A
12%;
12%
104
';vA—
20%
*14%
7s:
112
'110%
.
r
*107%
108
*107%
14
*101%
104
*101 '/a
2,500
V—
700
58
25
24%
24%
108
19
Martin-Parry
9%
*19%
57'A
*18%
3,100
■
-
,,
4J
31%
20%
112
19
19
19%
..."
115
32%
*110'A
St
■
..
*20%
32'A
14
W
151
1
55% Feb
JVlar 28
8
par
Corp
Dec
16%
315
P
6,100
•
*112
57'A
24 %
110'A
110'A
.
20%
115
*19%
14%
14
14 «A
*20'A
*112'/a
31%
*107%
108
*107%
108
*14V8
31%/,
57%
25%
24%
25%
*107%
21
57
3
Midland
•
.
20%
•C
-16% Feb
Marine
1
*>1
*19%
'
19%
57%
24
Martin
,
*111
V
31%
193/4
57%
57
20%
*56'A
22
Marshall
Z.
70%
*"'»Va
—
115
*112%
32
32
v
7;.; *20
115
31%
115
■31% Jan
106% Jan
Exploration--
53
Jan
57% Mar 19
series A—.—
Maracaibo Oil
8
Mar 23
27% Mar
Co Inc
Market
^
173
Feb
-No
Dec
Feb
20 3/s
33
Bros
Nov
81'A
Apr
152
Maridel
Dec
23'/a
17%
*2
Manhattan Shirt,——:
30 %
Jun
44
' 3
17
Jan
May
Jan
16
•
22% May
28
Jan
3,580
M
283/4 Jan
193/4
Highest
I per share
233/a Mar
2
147
No par
Nov
46% Mar 14
473/4 Jan
10
100
—;
Inc
100
1,100
•;
.
24% V
9%
43
*30'A
30%
30%
20%
20%
21%
*21
*112%
31%
v
30
*69
8%
'
*42
*111
31
s
4
55
Mar 27
52
50
Forbes
&
preferred
Trucks
4,200
•
/;
♦1851,4
70
9
:■
43
*111
*111
No par
new
Jan
23% Jan
166
100
—
Nashville
&
1'
A.~
10%
24%
24Va
'—i
-t
70
69
./
.
16%
*29%
30%
241/a
*185
69
•
8%
8%
814
8%
*42'A
*29%
30
'23%
69%
69%
70
*691/2
preferred—
80% Mar
173/4
1
*185
*185
*185
-
30%
23 3/4
3034
i
163/s
7%
18,300
20%
41%
:
r
7%
171/4
*411/2
2
—
600
/
20
10'A
100
'
,
173/4
IOV4
187/8 Jan
par
-No per
100
Madison Square Garden,—-No par
Magma
Copper.t.
:10
Mahoning Coal RR Co
_
50
Manatl Sugar Co—
1
3,300
14%-
201/2
25
10
Co
(P)
MacAndrews
1
17 3/4
243/4
20
Louisville
3,500
——
25%
*4
■:v
40% Feb
Macy (R H)
4% % pfd
—
,
*201/4
.
r-—*
8'/a
25
6%
8%
8%
*24;%
4%
■
450
14%
-
1
'
40 3/4
2
6
3,500
/
32%
109'/a
■'
15'/4
8
8%
32'A
f
7
23
Mack
•
Mar
2OV2 Mar
Jan
15% Jan
50
*
■'
„
58
50
2,300
'
14%
7
No par
Cement Corp
Louisville Gas & El A
300
__
52
1
No par
7
153
13
22
lO.snnJ
33
%
51%
.
34% Feb
23% Mar
19% Jan
73% Jan
Lorillard
900
%
«-
2
31
29 % Jan
a
t per share
7
No
Inc
per share
24 % Feb
Loew'p
3,500
t
22
Lockheed Aircraft Corp
400
,
*1083/4
32
17
450
*370
450
*370
450
*148
513/4.
Liquid Carbonic Corp
26
*31%
149
50 3A
51
1,400
*7.u00
19% Jan
No par
No par
1
174
/2
—
?3
xl49
153
50 Vs
321/4
31%
32I/2
*150
52
31%
26
53J/s
Lion Oil Refining Co
21%
*172
26%
,
*31%
32%
32%
32
153
50%
■/>
174
"172
174
26%
32
110
*370
20%
*172
174
*150
52%
*108 3-4
20%
04.78
34
*52
32%
'>.-4..
;
261/a
I
153
'321/2
*150
,
*172
.
2,900
Year 1944
Lowest
Highest
I per share
Par
Shares
22 Va
22
Lowest
%
30%
■V
Range Since January 1
EXCHANGE
22 Va
21
1439
STOCKS
for
Thursday
Mar. 28
$
per
& FINANCIAL CHRONICLE
PRICES
Wednesday
share
$
share
per
SALE
Mar. 27
Mar. 26
$ per share
HIGH
AND
Tuesday
Monday
Saturday
\
f
THE COMMERCIAL
Number 4373
161-
(
8
56
44
28 Vb Mar
36% Mar
13% Feb
101
15
1
163/4
Jan
25'A
Dec
7
26'/a
Apr
333/4
Dec
19
4'/8
Jan
10'/a
Feb
19
72
Jan
273/4 Feb
17
20
Aug
Jan
16.
70
May
110
x82 % Feb
15
86
110% Feb
1
115
Oct
100
Oct
Oct
24% July
84
Nov
Jan
4
Nov
1163/4
Feb
13
Jan
5
16% Mar
6'
8%
Jan
143/a
Aug
53
Jan
m
55% Mar
8
43%
Jan
53'A
Oct
N
16%
:C 41%
193/a
Dec
Nat Automotive Fibres Inc
1
9% Mar 26
12
Feb
6
9
Jan
preferred————. ...10
11% Mar 21
13% Feb
14
13% July
13% July
16 3/4 Mar
19
22%
6,600
National
"17
17%
18
18
2,200
3,200
9%
9%
12'/a
*113/8
11%
11%
11%
11%
•
143/4
15%
143/4
15%
23 %
23%
23%
188%
23%
191
188%
*188%
21%
21
22%
21%
15
14%
14 3/s
323/4
33
13%
14
13%
13%
27%
28
27%
28
22%
23%
22%
22%
*11%
123/g
*38 %
39
13%
13 34
*102%
103%
103%
251/8
25%
"
38%
13%
IS3/*;;
103%'
103%
24%
25
181
158
-
in
*156%
16% :
*16%
17
-23
233/8
22 %
23 re-
22%
23%
*33%
34%
33%
33 Va
33
33
8%
7-/8
7'/8
65%
67
.
:
'
16%
15%
\~1SV4
1033/8
102 %
25%
30%
29%
30
97%
98
97%
98
16
103
103
18%
18%
103
18%
25%
181
160
17
•17
23%
25
/
181
*156%
*
310
5,700
25%
590
160
23%
23%
23% :
343/4
'32%,
300
17%
66
8
66%
343/4
8
%;
.
1
1,700
200
21:000
1
16%
16
16%
30%
30%
1,900
98
97%
98
*103
18%
$4.50
Gypsum Co
National
7%
Nat
Linen
&
103%
19
560
70
11%
113/8
11 Va
2,000
16
16%
3,400
34
*32%
34
70
*673/8
70
70
200
103
20
108
108
108
*107
109
*107
109
*107
108
*107
108
*107
108
*107
108
*107
108
*107
For footnotes
see
page
1443.
43/4%
70
'107
12% Mar 14
113/4
Jan
12
30'A
Feb
37% May
26
Jan
9
Feb
12
Jan
4
V 353/b Jan
22
*39% Feb
Mar
2
42
4
lG'/sFeb
par
102
Jan
5
/
106
Feb
273/4 Mar
conv
16
6
19.
17
181
3
141
Jan
159
5
16
Dec
22% July
17%
Apr
23
28'/a
Apr
34
155
Feb
28
159
Jan
16% Jan
4
18
Feb
21
Jan
2
27% Feb
20
33
Jan
4
37
15
-/7%'Jan
No par
Dec
Dec
Jun
Jun
2
9% Feb
5 3A
Feb
65% Mar 28
72% Jan
11.
57%
Feb
70
15
18% Feb
28
113/4
Feb
173/4 July
Jan
6
27% Jan
2
15% Mar 26
1
33% Mar 16
24% Nov
99% Feb
104
73/4
Dec
July
30 % Mar
23
79%
Feb
95
Mar
16
83'/a
Jan
98%
Dec
6
5'/a
Jan
11%
Nov
24
9
Mar
Dec
11% July
183A July
17% Jan
3
13%
Jan
363/4 Mar
8
22
Jan
32'/a
96%
Jan
105%
56
Jan
68
106%
Dec
110
Jan
104
Dec
106
Dec
1
30
Jan
22
serial preferred—100
103
Feb
6
No par
100
pfd_100
66
Jan
4
75
Mar
3
107% Jan
10
110
Jan
26
105 % Jan
4
108
Feb
19
Newberry Co (J J)
5% preferred series A
New Jersey Pr & Lt Co 4%
Jun
Feb
.100
Feb
Dec
25'/a
Jan
1
Service Corp.—
No par
-25
Dec
14% July
IO43/4
19
Jan
No par
37
Dec
Dec
Mar
164
181
24
Jan
Dec
7
5
-10
87%
14 3/s
10
2
Neisner Bros Inc——
34
*108
*108
70
243A
16
Jan
Nehi Corp
*32%
*108
253/4
Jan
12% Feb
16%
73
Jan
13%
3
11%
*70
19%
28
103% Jan
*16%
*108
Feb
17
26% Feb
No pai
11%
74
xl 1%
29% Mar
223/s Mar
16
*70
14% Feb
2
Jan
3
10%
*108
4
13
10% Jan
15%
*33%
233/4 Aug
No par
11
34
Sep
9
National Tea Co—;
16%
*32%
17%
34
12% Mar
3,300
11
35
Jan
15
15%
Apr
Dec
8%
Apr
17
11%
Dec
26
92% Jan
16%
21
X10
97% Jan
16%
Feb
3
(The) Pa—— -10
-40
$2 conv preferred
5%% prior conv preferred— -10
.100
6%
prior preferred
—
*11%
Dec
18
20
177 VsJan
:
Dec
Dec
143/4 Jan
Jan
—
15%
24 3A
181
35% Feb
16% Mar 13
.100
National Power & Lt—
Jan
Mar
22
St'l Cast Co
Co
24
9%
20% May
165
32 Vb Mar 29
Jan
No
7
213/4 Jan
National Oil Products Co—L— —4
Natomas
*33
2
Feb
13
Lead Co—
Mall
13% Jan
23
37
preferred A
preferred B———
National
23
—1
—1
preferred
conv
20% Jan
25% Mar
188% Mar 26
10% Nov
17% July
24% Jan
National Supply
30%
18%
National
5
No par
Nat Enam & Staraning
National Steel Corp—
97%
1C3
preferred
24
Jan
6
\Mar 15
par
-10
1,700
30%
18%
No
No
13% Jan
23% Mar 26
182
18% Feb
45
par
-_i
G us Co
66%
6,900
103
—1
.
.
par
Nat Distillers Products——No par
6%
'
16 3/4
8%
400
6,300
181
-10
No
Nat Dairy Products
-1
103
No par
Corp
National Dept Stores
16
16
29%
18%
103
Share
&
National Can Corp
Nat Cash Register
6%
14%
65%
98%
19
14%
Bond
National Cylinder
7,900
383/8
14%
.100
1,800
39
14
-10
National Container—.
,12%
38
66 Va
31%
*113/4
38%
7%
98 3/4
I
5
Corp
Co
7,500
.
V.
39
65%
66
12%
23
38
*33
'
28 %
Nat
Aviation
Biscuit
preferred
1,100
13 3/4
2 7 3/4
x23
7%
&
2,600
14%
*133/a
13%
27%
23
7%
31%
103
4,500
2,400
7%
.16%.
103%
15
32%
*156%
158
16%
'156%
14%
32%
181
•
17%
158
143/4
32%
*38
103 %
.179%
25%
400
37%
37%
38 %
13%
22
*11%
12%
36%
39
180
24%
180
180%
.*11%
National
*20 3/4
273/8
22%
.
National
9,300
22
22%
27%
22%
Chatt
Acme" Co
conv
2,100
100
14
Q%
15%
191
14
Nashville
233/4
*188%
13%
13%
.27%
123/s
23%
191
14
13%-
37%
37
38%
13%
*15
15%
23%
800
12
14%
14%
33%
13%
%
X32%
14%
32%
14
11
11%
9%
*203/4
21%
15%
33%
14
9%
10
860
.
*188%
15
14%
14%
23%
23%
191
'33
19
Dec
41%
22%
'113/8
*103
18
41%
22%
93/4
66%
2
41%
21%
9%
8
19% Jan
40%
9%
-
16% Mar 27
41%
93/4
*163/4
1
39%
9%
180
Dec
National Airlines—'
40%
17
'156%
20%
39%
16%
13%
Jan
42
20%
,
Dec
13%
17
17%
38
413/4
7
163/4
16%
*38%
Jan
25% Mar
16%
20%
*12
Apr
28
2
%
17%
*
11%
23
20 Vb Jan
16
22%
14%
20
353/8 Jan
1
16%
17%
*21%
15% Jan
Louis— .100
I534
22
15%
5
St.
16%
213/0
23%
Corp
Nash-Kelvinator
15%
21%
*188
20,800
16%
108% Mar 12
Dec
Oct
Nov'
HE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND HIGH
t
I
*35
36
19%
snare
ver
34%
I
24
34%
t
34%
19
19%
18%
17%
18%
: 17%
17'%
17%
109%
109%
109%
*109%
110%
47
47
22%
23%
Friday
Mar. 29
Mar. 30
19
46%
47
46%
22%
22
35%
22%
35%
for
Sales
NEW
the Week
YORK
Range for Previous
STOCK
Range Since January 1
EXCHANGE
Sharet
t per share
35%
2,700
Newmont Mining Corp__
.10
45
45 %
115%
19%
*18%
*41
41%
Jan
22
39% Feb
28
19%
3,500
Apr
35
Dec
Newport Industries
1
18 3/a Jan
25
22% Feb
15
17%
16'A
Newport News Ship & Dry Dock
Apr
22
4,300
July
1
16% Jan
22
18% Jan
11
13
200
Jan
110%
18%
19%
47
47%
47%
22%
22%
$5 conv pi eferred
1,200
22%
-
67,700
44
119
*17
19
*18%
41
41
*40%
43
*40%
New York Air
*91
94
93%
42%
No
*155
164
*90
10
21%
21%
21%
22%
21%
21%
2134
22
No
*39%
40%
39%
39%
39
39
39%
39%
39%
39%
223%
730
226%
227
224
*123%
124%
20%
21%
223%
.227
20%
20%
*123%
20%
20%
*56%
56%
*56 %
56%
*56%
*54'%
55%
*54%
55
10
56%
9%
10%
20%
20
19%
115%
115
27%
27
27%
2
2%
46%
7%
50
*49%
13%
28%
29%
28%
2%
2%
23/4
*46%
47
7%
*7%
50
*49%
13%
13%
38.000
par
17
Jan
2
223/4 Feb
14
113A
Jan
18% July
No
par
41
Mar 26
47
10
30%
Jan
44%
Dec
Mar 26
169
Jan
13
Jan
198%
Jun
93
Mar
16
non-cum
preferred
Harlem
RR
Co
&
Western
Ry
13%;
22
37% Jan
20
443/a Feb
Jan
Jan
129
353A
Dec
118
Dec
29%
Dec
75
Oct
87
Dec
14'A
Jan
23%
Dec
21
33%
Jan
47%
"
Sep
219
!Jan
2
236
Jan
8
193%
Jan
218
Dec
121
Jan
8
124
Mar
2
116%
Jun
122%
Dec
193i
Dec
19% Jan
50
533A Jan
6
50
53% Jan
16
56
1
9% Jan
20
1
50
Feb
28
15%
Jan
58 % Feb
23
23
52
Jan
56
Oct
Mar
6
51%
Jun
543
Dec
11% Mar
1
7%
Jun
11%
Oct
2
105% Jan
9
100
17% Jan
31
par
113'/a Jan
9
108% Mar 29
22'A
1153/
1% Mar 26
3
52
50
_
Norwich Pharmacal Co
50
3.50
107% Jan
1
54
Dec
Jan
31 %
37%
Feb
50%
4%
11
6
Jan
10
14% Feb
3
17%
Apr
Dec
Mar 22
Jan
8% Feb
17
12% Jan
100
35% Mar
2
Mar
Dec
Jan
Jan
46% Mar 26
6% Jan
106
xl3'A
112
50
No par
Jan
1
3
23
26% Mar 27
;
100
Mar
116% Mar
par
Telegraph
Preferred
Jan
24%
24% Mar 14
;
10
Northwestern
1,100
4
19'A Jan
5 m
.
Norwalk Tire & Rubber
100
Jan
1
series
Rights
86
Feb
19%
62
100
pfd
series—..
preferred
162
47% Mar 22
123
100
,
non-cum
preferred
32
_fiQ
Ry Co ctfs of dep.,
270
50
*13%
No
Dock
500
7%
*493/8
13%
13%
110%
50
York
Northern States Pow $5
pfd_Wo
Northwest Airlines
No
7,900
3
46%
7'%
8
North American Aviation
■•Northern Central Ry Co
Northern Pacific Ry
110
Dec
22
53/4%
30,100
115
46%
7%
13%
27%
21%
20 %
113%
7%
7
50
13%
20%
115
Jan
Mar
North American Co
10
15%
39% Jan
6%
108%
2%
7
50
9,a
108%
11
Dec
50% Aug
23% Dec
2
Norfolk
20,600
26% Jan
109
22
Adjust 4%
21
47%
47
48
10
*114
27%
20%
—
20
20
1%
2%
1%
49%
9%
*108%
115%
26%
27%
7%
10
—
19%
*115
115
49%
13%
9%
*308%
*108%
20 %
*49%
55
Apr
23
Y
124%
35%
Jan
SLtpbicig Corp part stk
Noblitt-Sparks Industries——
10,300
57
*54%
*123%
21
Jan
15
28% Jan
Y Lack & W
100
*56%
56%
124%
100
97
51% Feb
22
217/a Jan
/
109% Mar 28
103% Jan
Y &
56%
55
57 %
♦115
223
124%
20%
*56
10%
223
*123%
*54%
10
225
124%
*123%
*108%
223
9
22
—100
N
400
•
par
Jan
Mar
No par
N
3,300
45
Louis Co.
N
22%
109
preferred series A
$5
93
22%
par
par
27%
.
City Omnibus Corp
Y
200
33
No
Brake
Central
Y Chic & St.
New
42%
94
*90
York
6%
N
1,800
19
162
*156
164
*157
'
N
2,900
32%
*18%
New
2,800
120
32
41%
162
44%
118%
19
*91
94
44
v,
31%
31%
162
167%
*91
44
19
;
Highest
t per share
17'A
118
32%
1944
I per share
*109%
19%
22%
116
t per share
Lowest
17%
47
43%
31%
33%
*18%
113%
33%
114
33%
*163
42%
V
43%
42%
117
33%
Highest
I per share
Par
'
117
Year
Lowest
109%
18%
A7
109%
46%
21%
I per share
snare
per
35%
17%
*109%
19%
STOCKS
Thursday
Mar. 28
snare
per
PRICES
Wednesdays
Mar. 27
Mar. 26
per snare
BALE
T-esday
Monday
Saturday
Mar. 24
Monday, April 2, 1945
Dec
Jan
7
40'A Jan
53
Oct
12'A May
,
16
Jan
109
Dec
19
July
O
111
111
*26%
109%
110%
200
17%
17%
17
17%
17%
18
17%
18%
19,000
27
17%
110%
18%
*109%
24%
26'%
25%
25%
26
26
263/8
263/4
5,200
112%
112%
*109%
r
*112
112
112
113%
14%
14%
13%
14%
13%
113%
113%
15%
112%
113%
111%
*14%
*25%
15%
*14%
25%
25%
*160
161
*23
24
*23
*75
77%
68
*14
161
14
112
*111%
112
14%
*112%
14%
113%
113
14%
14%
15
15
15%
15%
25%
25%
25%
2,800
161%
161 %
162
•23
24
*23
24
*74%
76
•74%
76
14
13%
67%
*67
68
67%
673/4
100
6%
preferred
2,100
Glass
13%
13%
14
800
14%
*13%
14
13%
14
1,160
58
56%
57%
57%
58%
1,580
30 %
30%
28%
29
29
30%
30
30%
30
31
2,260
36%
36%
36%
36%
36%
36%
36
35%
353/4
4,000
Pacific
Gas
51%
51%
50
51
50
50%
50
50%
50%
800
Pacific
Mills
38%
38%
38%
38%
38%
39%
39%
1,400
Pacific
123%
124%
*123%
124%
*123%
124%
70
Pacific
166%
166%
167
167%
6%
6
6%
19%
6%
6
19%
17%
16%
167
*165%
165%
6%
6%
6%
19%
19%
19%
6
6%
,16%
17%
6
20%
6%
6
17
6%
6%
28,100
Packard
173/4
19,700
Pan
17%
*14%
14%
14%
15
15%
•15
58%
59%
58%
59%
59
59
110
110
112
112
112
4%
4%
*65
112
*4%
64
65%
64%
66%
*109
111
4%
4%
28%
40
2%
39
38%
39%
2%
2%
2%
30%
30%
30%
23%
7%
23%
23%
23%
*23 %
7%
7%
21%
21%
63
109
109
25
*62
*13%
4%
4
27%
13
*23%
64
40 «•:
/;
39
28%
2,600
V 2%
2%
30%
30%
23%
7%
62%
223%
62%
-
108
24
4%
64%
*23%
26%
Penn
1,200
Penn-Dixie
5
*43/4
*64
*23%
26%
*111
66 3/8
26
300
34%
35%
35
Penn
35%
37%
37%
37%
37'I
37%
37%
37%
38
35%
34%
34:»/A
34%
343A
*34%
35
75%/
19,100
900
200
75'/a
75%
75%
75
16%
16%
15%
15%
15
15V
15%
15%
15%
15%
22%
23
900
22
22%
21%
22%/
22%
22%
22
3/a
22%
25,600
26
26'A
26%
26%
26%
27%
25%
26
25%
*75
26%
76
76
-
105
105
103%
104%
105%
105 %
*87
88
83%
86%
83%
84%
85%
85%
*26%
27%
26%
26%
26%
27
27
27
*107%
108%
*8%
107%
8%
104%
107%
8%
*107
8%
8%
105
108
108
8%
86
10%
10%
10%
10
10%
10%
65%
67
65%
65%
66
67%
26%
26%
25%
26'%
25%
61%
23%
61
,
24%
27%
*119%
200
27%
120
*119%
33
31%
*111
99%
99%
112%
17
*15%
17
116
*114%
112
116
50
48%
48%
*98%
233/4
27%
*1193/8
99
112%
17
16%
323/a
*97'A
112'A
*111%
49
233/8
32%
112
112
100
120
32
99%
890
*112
15
16'A
115
49
111
493/8
*11%
12
11%
11%
*11
11%
*11%
11%
*26%
27%
26%
26%
*26
27
*26%
27
49
*11%
*26%
13,500
273/4
$1
98
:
114%
700
15%
/
111
5,400
11%
109%
*108
109%
*108
109%
*108
109%
*107
135
135
*116
135
*116
135
*116
,200
108%
*116
100
-
27
*108
500
20
>
493/4
*116
300
135
*6%
87
7
87
8%
*90%
*17%
6%
6%
86%
85%
.
8%
8 %
8%
91
90
18%
90
17%
*179
6%
85
'■V
17%
200
7
*92
9
102
50%
200
6%
■
,
8%
17
49%
*17
200
7%
8%
*95
49%
50%
74%
70
73
69%
28%
28%
28%
29%
15%
14
14
85%
85%
85
85
21%
21%
20%
21'%
20%
*25%
27%
26%
25%
25%
13
13%
13%
*181%
13
14
17%
18%
16%
17%
*17%
18%
*17%
17%
52%
56%
*110U
18
.
18
56
104 %
110%
110%
114%
124%
17%
104
18'%
104%
124%
see
ii 1101*
17%
104
i
*90
493/4
85
21%
*25
18%
1
22
*82
22%
*13%
14
18%
18%
*53
55%
*54
300
4,000
50
18'A
104%
104'/8
104 'A
104%
110"%
110%
111
110%
111
113%
112%
113%
113%
113%
124%
124%
124'/2
124%
8,800
1043/4
109%
page
1443.
I
13'%
Jan
8
5% Feb
8
Jan
16
2
110% Mar
Jan
10
25% Mar
333A
Dec
Jan
29
36
Mar
19
21%
Jan
32
Dec
77
Feb
19
55v
Jan
19% Feb
13
5%
33% Jan
2
38
37% Mar 28
40
303/8 Jan
69
18
Jan
6
14% Jan
23
19
preferred
preferred
106% Jan
16
5
Jan
19 7%
Dec
54%
Jan
96
Dec
Mar
22
333/4
Jan
65%
Dec
17
23% Mar
108
22
105%
Oct
93/4 Feb
28
7
Sep
3
73/4
Jan
10,
1
75% Feb
13
40'%
Apr
71
Feb
25
Jan
23
57
./
21% Jan
25
Dec
108%
Dec
May
233/4 May
217%
Jan
19
7
117
20
24%
Jan
37
July
16
82
Feb
96
Oct
11%
Feb
1~6~% July
1.7% Jan
120
2
55
Mar
30
8
Mar
x98
3
25
Jan
2
28% Mar
6
3
108% Feb
28
9
8% Jan
13
26
94
8% Mar 22
9
96
153/4 Jan 31
19
Jan
99
Mar
2
23'%
28
July
Dec
Jan
8%
61
Jan
92%
Apr
103% Nov
7'%
Mar
;
683A Feb
183
Apr
82
45
Pittsburgh & West Va
100
21
100
124%
880
.
1,160
Jan
2
12% Jan
19
100
74% Jan
17
9
17% Jan
2
No par
No par
24% Jan
Feb
27
12% Jan
8
16% Feb
15
1
16% Jan
22
20% Mar
7
5
17% Jan
30
19% Feb
14
50% Jari
22
60% Mar
Plymouth Oil Co
Pond
Poor
Creek
& Co
Pocahontas
class
Pressed Steel
conv
5%
conv
Procter
5%
&
pfd
Jan
1
Preferred
B
Car
Co
lnc
1st preferred
2d
preferred
50
Gamble
No
(ser of Feb 1 '29*
Pub Serv Corp
of N J
7%
preferred
350
8%
preferred
100
Sep
Sep
57% May
11'A Jan
175
55
Mar
17
Jan
87% Feb
20
Nov
8'%
69
Jan
May
6% July
9% July
100%
Dec
613/a
Jan
73
Dec
223/4 Aug
175
14%
Nov
Oct
16%
Sep
19'A
833A NOV
19'A July
Jan
25
8%
Apr
13%
Dec
11'%
Apr
18'%
Dec
18%
7
ll3/8 May
35'% May
55%
60% Feb
20
523% May
59
16
120% Jan
19
2
20% Feb
2
18
3
Mar 27
HOli
23
23% Mar 29
27
102% Feb
16
106'A Jan
100
:
1
17% Feb
No par
No par
$5 preferred
6% preferred
560
par
32% Mar
.
Aug
6 3/4
3
(The)
Mar
1
11
Co.
171
190
Jan
21
Young & Ash pfd
Jan
43A
Mar
103
Dec
21
58% Jan
10
20
17
Jan
19
75
pfd
pr
Nov
Feb
Feb
class A
conv
Dec
90
Mar
49% Mar 27
ser
Dec
Apr
-11%
Feb
68
1st
Nov
48% July
14% July
108
Mar
10% Mar
117
Feb
100
5%%
Sep
Apr
3 64%
■
Oct
5
100
190
119%
105% Nov
10% Feb
15
Jan
42'%
6
Feb
107% Jan
85'A Jan
Apr
112% Mar 28
23
Feb
Oct
23
Jan
82
263%
Dec
Mar
11
6% Mar
263%
100% Mar
Mar 29
44% Jan
59 7%
Jan
36% Feb
20
111
Feb
Jun
88%
•
27% Mar 28
6
143/s Jan
20%
49'A
120
4
107% Feb
1
19
25% Mar
Mar 23
Jan
Jan
July
Dec
63% Mar
313A Mar 27
90
.
293/s Mar
2
Jan
9%
110'A Mar 20
2
120
Mar
100
5%
28'% July
107% Nov
113/a Mar
par
100
Dec
Dec
2
65
Dec
173/4
26'%
293/4 Mar
90
2
1
70%
Jan
10%
106% Mar 29
25
No par
Jan
22% Dec
2
Jan
100
112
Jan
.
106% Jan
100
Mar
9% Jan
8
par
25
class B
37%
22
_No par
100
Dec
15
_100
—,
Nov
18 3A
10
19
No par
Louis RR—
X70%
73 % Jan
28 3/8 Mar
100
Feb.
Dec
26% Mar
2
par
5
Aug
112% Jan
100
No
5
3
?00
i
173% July
Jan
15
par
1
...
Jan
2%
Mar 26
19% Jan
10
Dec
Nov
24 3%
9%
2
3
59'%
113
Apr
Jan
Jan
25
Apr
933/4 Feb
19
26
50
Apr
83% July
20J% Dec
62
21% Mar 27
5
Jan
112% Jan
No par
com
preferred
5%
11014
113
124%
.280
100
57
114%
124%
20
8% Jan
11,700
56
18
9
26% Feb
Mar 27
,
Feb
111% Feb
No par
100
18%
18 3/8
13
64
9
Pittsburgh Steel Co
1,600
18%
*18
18%
51%
5
10
1,000
19,300
26%
13'A
111
15
Jan
Mar
21% Jan
9
30
23%
18%
*110U
15%
198
.1,420
;
85
26%
56%
12
4%
Pitts
*25
56%
24% Mar
2
7%
50
*17"%
56%
Jun
22
18% Jan
6% Jan, 4
Plttston
14%
Aug
No par
*181%
14%
31%
Pitts Screw & Bolt
100
110%
110
113%
t
For footnotes
no
9
Apr :
23'%
6,800
7%
800
17%
55
200
600
13%
56'%
7
*8%
14%
17%
54
iiou 1101*
50%
♦197
1 %
37% July
2'% Dec
Apr
2
Pittsburgh Forglngs Co
Pitts Ft Wayne & Chic Ry
7% preferred.
72
t
55%
400
conv
29
*82
57%
•
$5
3
"Sep
Feb
Chemical Co—No par
&
2% Jan
■
19
preferred
Coke
713/4
*14%
*52
111
83A
100
*181%
52%
17%
100
6%
Pitts
29
14%
52'%
114%
124%
*17%
1.900
/
71'A
13%
-17%
1,200
8%
89
29%
84
52%
18%
103%
:
17%
86
27
18%
Jan
Pittsburgh Coal of Pa
*29
21%
*25
8%
87
1,000
Dec
5
26%
26% Jan
lnc
& St
Dec
45% Mar
15
63
Hosiery
C
July
30
28
92% Jan
No
com
preferred
C
70
*181%
*14%
*81
7%
-
49%
71
29%
14%
200
8%
*90
29%
.
6%
*179
6%
%
100
*73 %
*181%
V
17'A
*197
6%
8%
50
89
*179
*197
102
86
8 3/a
*88
8%
6%
86
8%
;
89
7%
.
8%
*92
51
8%
88
6%
85%
*179
*197
7%
*8%
■
r6%
85
17
*;
♦179
*197
6%
$4
61
109
Jan
233/a
93/4 Feb
No
Phillips Petroleum
Pitts
Jan
Jan
6
27% Feb
100
preferred
Pillsbury Mills
15
32% Mar 20
par
No
preferred
45
103
19'
Jan
31% Mar
Dec
8
100
];i 4% preferred
Phillips Jones Corp
7%
Jan
100
Corp
Philip Morris & Co Ltd
Phoenix
2%
July
51'A
114% July.
53/4 Dec
1
6aA Mar
No
preference
Jan
19%
5
100
Philco
4,4%
Sep
6% Aug
V
29% Feb
33Ysc
preferred
4.100
453/a
109'A
9
67% Mar
109
Feb
217/a Jan
par
Ry Co
Co.
Dec
par
par
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
2,700
17
59
Co
Oo
Phila Electric
Sep
73/4 July
17%
3% Jan
"5%
7
Mar
5% Jan
16
106
new
Brewing Co
(Chas) & Co lnc
32%
120
Jan
par
1
preferred
$6
163
v
Jan
12% Feb
12
61 'A Mar
27% Mar 26
par
4'A%
•
Jan
43/8
7
113
24
No par
Pfizer
12,800
56
108% Jan
2% Jan
No
1,800
26%
149
17
4% Mar 20
par
Corp
Pfeiffer
603/4
Dec
6
1
10
1,900
110%
123'%
6
22
No
1,300
26%
Apr
26
323A Jan
Corp
8 34
60
117%
% Feb
.1
10
prior preferred
Milk
7
Mar '
Dec
2.50
No
Corp
5%
Dec
7
3
Mines
A
5%
Pet
42 3%
73/4 Jan
2
100
Pere Marquette
Jan
18 3/4 Feb
No
Ry
25%
2
Jan
ex-privilege
10%
110%
27%
*119%
32%
112
*15%
49%
27%
120
Co
Dec
18
17 3% Mar
No
Eastern
48
22% Mar
31
Feb
preferred
&
35'%
Jan
13% Jan
49
1
Cement
Pepsi-Cola
25%
Jan
16% Mar 26
110
100
Co
ser
Jan
8
100
par
Dec
17'A
39%
443/i Jan
3
5% Jan
Jan
30
6
167% Mar 27
var
Apr
48%
12
3
Mar
6
Sep
13
Sep
8%
17
160% Jan
No par
No
Coke
Mar
147%
Jan
39
Mar
129
16% Jan
Dec
24'% Aug
157
Sep
•
17
3
5
No
663/4
83/4
233A
23%
&
Jan
Mar
121'A Jan
lnc
10%
603A
38% Mar 27
1
66%
263/a
par
2nd preferred
Petroleum Corp of America
110'/8
110
23%
27%
27%
99%
112%
♦
23%
32%
99
*110%
X60%
*119%
33.%
99
26%
61%
110%
23%
27%
120
33
110'%
23%
27%
26%
61
*110
61%,
110
52
2
373/8 Mar
3
Enterprises
Glass Sand
Peoria
1,100
108%
»
32
2
Pennsylvania RR
50
Pennsylvania Salt Mfg Co
10
Peoples Drug Stores lnc
.5
Peoples G L & Coke (Chic)— i„ 100
1,500
86
400
10'A
68%
110%
106%
27%
8%
10%
61%
2,600
*107
68%
*109%
1,100
*26
108
8%
76
"106
24
48
No
Airlines
oref
conv
5%
34%
75
Coal
$7
*111
34%
Jan
34% Jan
1
Ford
(J C)
2,700
35%
*34%
&
13%
33%
36
Penney
*13%
38
*35
Penick
Penn-Central
64
*23%
*111
100
700
3,900
43/4
64
-■
24
10
Co
Patino Mines &
25%
Marl
15% Mar 17
100
Transportation".
243/4
15%
par
Ref
lnc
&
13%
%'<, 4%
2
5
100
Consolidated
Davis
Parmelee
11,400
63
Utah
Jan
Jan
par
Parker Rust Proof Co
1,800
109
&
Pictures
24%
13
4%
109
Park
Parke
400
73/4
223/8
*62%
108
3,300
10%
13%
60
preferred
Park & Tilford
3,200
24
7%
22
62%
108
24
13%
*23
7%
22%
2%
31
Jun
683% Mar 15
25
lnc
Cos
conv
Paramount
Dec
64
2
&
Prod.
Paraifine
16,700
39%
j
35%
*37%
300
4%
28%
2%
7%
*61%
27%
*63
28%
75%
Feb
Jan
No
Car..i
Petrol
Panhandle
*109
.
30%
22
%f'
*111
35%
2,700
Jan
55'A
58
14%
19
11% Jan 20
9
45% Mar
...
'
62%:
62
*111
23%
13%
4%
64
*25
108
24%
13%
4%
*62%
108%
23%
13%
62%
107%
25%
*62
100
4%
64
Feb
No
non-cum
Transp
Panhandle East Pipe Line
5.60% preferred
3,200
1103/4
4%
147
22% Jan 30
Mar
American Airways Corp new 2 %
Pan-Amer
161% Mar 27
26
Apr
May
24
B
Dec
18
79
10
108
16
7
Electric
Motor
Jan
28
No
&
Aug
83/4
Feb
par
Pacific Tin Consol'd Corp..
Pacific Western Oil Corp
600
*109%
64
;
%i
39%*
28
15
593/8
4%
*62%
*109
28%
21%
8
22%
*62
27%
30%
24
*7%
21%
64
2%
31
*23%
x4%
39%
2%
30%
28%
27%
41%
4%
*109
*109
28%
111
6%
1,500
17%
15
60%
40
7,100
15'A
15
v
6%
193/4
6%
17
165%
6%
Jan
99%
113/4 July
28% Feb
Feb
No
non-cum
Telep & Teleg
preferred
193/4
■:
155
Apr
28
1153/8 Feb
17
105
8%
74
Co
preferred
167
17%
49%
2nd
125%
21
2
Fisheries lnc
Coast
preferred
38%
60%
*15%
1st
*124%
6%
*114%
Pacific
125
6%
4
Nov
5
12.50
Co
Lighting Corp
Pacific Amer
163/4 Mar
22
23'A Jan
104%
113% Mar 14
par
No
13%
*20%
Jan
13% Jan
2.50
Co—
Owens-Illinois
107
par
tOO
—
Outboard Marine & Mfg
Outlet
55%
*166%
Oct
10
No
14
39%
108%
2
56
39%
Oct
Dec
3
13%
125
28%
11% J an
54%
50
20% Mar
Nov
1063A Jan
14%
X35%
Sep
233/s
6
preferred
57%
;
153/8
16
100
convertible
14
14
28
29 % Feb
24
56%
14
7
20% Feb
17
24% Jan
Oppenheim Collins
70
*161%
1113/4 Mar
par
par
Otis Elevator
100
74%
12
Mar 27
No
70
23%
pfd
No
4%%
300
25%
23%
66%
4.40%
Omnibus Corp (The)
8% conv preferred A
100
74%
67%
Co
Co
Oliver Corp.
8,800
113
25%
161%
Edison
Ohio Oil
90
74%
13%
Ohio
•
14
113%
*109
23%
66%
15
25%
161
74%
68
14%
25%
*160
111%
109%
106% Jan
30
111
100
110
Jan
4
115% Feb
100
121% Jan
3
127
Mar 28
Feb
116
"
13%
Mar
Jan
121
May
Dec
Dec
July
July
18%
Dec
87%
Jan
18 3/8
Dec
96
Jan
109%
Oct
6
104%
Jan
113% Nov
13
113%
Jan
122%
Dec
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161
LOW
Saturday
*
per
AND
f
per
$
share
per
*115% 1167/s
*115%
116%
18%
49%
50 %
47%
49%
*111%
19
19%
18%
19
47%
113
111%
*105%
107%
25
24%
25
17%
17%
17
17
10%
11%
10%
82
*115%
111%
108
*112
*
105%
25
107
24
PRICES
STOCKS
Wednesday
Thursday
Mar. 28
Mar. 29
Mar. 27
'
Mar. 36
share
HIGH BALE
Tuesday
Monday
Mar. 34r
S
share
per
19
19%
*112
115
share
19'A
$ per share
*115%
per share
116%
*115%
116%
*107
103%
241/2
*712
Pure
2,2C0
16%
4G0
10%
43,600
per
share
I per share
116% Jan
Jan
20
No par
47»A Jan
22
52% Feb
19
37%
Jan
17
Jan
24
21
7
14%
Sep
preferred
conv
Highest
t per share
< per share
no
iThe;
5%
4C0
24%
oil
6%
200
,
I
1944
Year
Lowest
Highest
1
-No par
Pullman Inc
20,000
108%
24%
Range Since January 1
Lowest
Par
13^500
-
-116
108
,v
Range for Previous
STOCK
YORK
EXCHANGE
Shares
19%
107
24%
NEW
for
Pub Ser El & Gas pfd $5
50%
19%
t
Sales
the Week
116%
49%
50
48%
24% ;
Frfdav
Mar. 30
.
115
48%
1441
par
100
100
preferred
Corp
118
11
Mar
113% Nov
111% Mar 26
114% Feb
2
109%
107
1081/2 Jan
6
103
27
Feb
8
18
Feb
16
Mar 21
No par
23'A Jan
2
.11
15% Jan
22
Corp of Amer_
No par
$3.50 conv 1st preferred—No par
10% Jan
2
12% Feb ' 5
15
7% Mar 26
83% Mar 17
Purity Bakeries
19%
119%
Feb
52 »/8 July
18
*
Mar
Jan
115%
Nov
Jan
108%
Dec
Jan
24 7/b
Oct
Q
*16
16%
*16'A
16%
10%
•10%
10%
10%
81%
81%
81%
81%
82
82
7%
8%
7%
*16
107s
;
Quaker State Oil Ref Corp.
16% Aug
1^2% Jan
R
*81 %
8%
8
8
8
36
17%
3,000
36'/a
36%
35%
36%
1,800
26%
26%
26%
26%
261%
6,000
45%
45 %
45%
45%
46
1,300
40%
40%
40%
900
12 'A
600
Real
16%
*35%
36
35%
35%
35
36
26%
27
25%
26
24%
45%
45%
45
45%
45%
40
39%
39%
11%
391/2
40
*40
*11%
12
*11%
*116%
119
11%
*116%
73%
■.
19%
72
19%
*19
28
24
24%
24
23%
100
*99 %
23%
100
101%
26'A
28%
*27
28
*100%
74%
*18%
76
75
*18%
121
*35
119
12
*11%
119
*116%
73
72%
74
19%
19%
19%
26%
*27%'
28%
23%
23%
*991/4
101
23%
101
1,030
400
119
conv
Silk
12
Jan
80%
7%
Apr
10% July
20
85 Vb
Jan
28'A
2
99
Feb
34% J an
15
37
Feb
3
19% Feb
20
16
Rayonier
19% Jan
30
Mar
31
11% Jan
Feb
18
Feb
34%
15%
Jan
21%
Dec
18
32%
Jan
42'A
Dec
1
27'A
Jan
36%
Dec
22
5%
Jan
13
Dec
Jan
40% Mar
13% Jan
27
.100
118
17
129% Feb
14
90
Jan
100
72
Mar 27
82% Jan
2
50%
Jan
No par
17
Jan
9
20% Mar 16
11%
22% Jan
3
29% Mar
18
1st pfd
Jan
72%
210
Reis
20%
100
Reliable Stores Corp
*27'A
28
200
Reliance Mfg Co
-10
Remington-Rand
—1
22% Jan
22
27
Feb
20
-25
99% Jan
5
102
Jan
30
72
23%
23%
3,600
*99%
1011/4
200
(Robt)
& Co
Preferred with warrants
Dec
12'A
*19%
V
33%
Jan
Dec
Jan
28
36% Mar 28
5
36% Jan
107%
291/4 Mar 19
2
43
July
46
Mar 26
34% Jan
.—5
Hosiery
Preferred
10
Apr
6
Jan
91
Raybestos Manhattan
No par
—1
Inc
_25
$2 preferred
—50
Reading Company
_50
4% non-cum 1st preferred
4% non-cum 2nd preferred- _50
16%
12%
preferred
95
17
351/2
16%
121
6%
100
8%
69'%
9% Feb
78% Jan
.__l
Kadio-Keith-Orp" mm
14,700
36
94%
351/2
16%
12%
600
8%
94%
94
36%
-*39%
"
16%
95%
16
*116%
8
36
94%
36%
16%
16%
83
*81%
8%
Radio
94%
941A
95
37
95
*36%
10%
8
July
155
Dec
Dec
85%
Dec
Feb
18
Nov
Feb
24
*
14i/s Apr
x83% Mar
*
Dec
23%
Dec
99%
Nov
16
Aug
'
21
21%
*107
*105%
108%
107
12%
13%
13%
13%
103%
103%
IO31/2
13%
'
103
103
103
-
15%
101%
15%
15%
100%
16
16
16%
16%
23%
109%
12%
104
*103
20%
*107
107
107
13%
13%
23%
23%
21
109%
*107
108
108
201/a
20%
20%
21%
109'%
22%
22%
22
22%
22%
*107
101%
101%
*106
16
101%
103%
102%
18%
32%
17'A
18
17%
17%
17%
18% •
18%
32
32%
31%
32
3174
32%
*37iA
38
*37%
16%
17
16%
38
*37%
38
-
17
17
17
12
12%
12
19%
19%
12
12%
19%
19%
*18%
Ruberoid
18%
18%
18%
34%
18%
18%
18%
60%
60%
114%
114%
81/2
8%
8%
42%
42%
43%
8%
8%
8%
42%
43%
41%
.
109
*107
44%
*43
44%
112%
*110
112%
112
*109'A
112
7%
7 %
101%
17%
18%
:
7%
*112'A
113
*112%
24
7%
100%
18%
18%
*109%
»
102%
*7%
102
*43%
*110
24%
23%
24%
24%
42%
42%
60%
8%
109 %
42%
42
114% 114%
43
62%
*43
■
Royal
600
*331/4
*110
•;'
800
34%
18%
101
17%
*1121/4
113
109
*107
.
*43%
44%
*110
112%
*109%
112
24
24%
62
109
44%
112
2,000
8t
1,800
*107 V
*43%
*110
*109%
24'A
7%
102%
*7%
102
19
113
*112'A
1,300
2,400
Sharon
290
12%
12%
2,600
19%
*191/4
88
85%
*87
61
:
6
6-
3' 34
34
~
32
32%
16%
15
15%
15%
49%
48%
50
17
*22%
60
62%
16%
16%
51%
4,200
63
65
65
30%
31%
31%
500
14%
15%
15»A
15%
36,800
4%
4%
4%
5,300
21%
2,800
Southeastern
40%
3,300
South Porto Rico Sugar
21%
21%
40%
41
*158
*18%
28%
28%
28%
28%
28%
*28%
18%
18%
18%
18%
18'A
«
21%
40%
163
21%
40%
*158
8%
29
28%
29
2,700
18%
18%
18%
2,900
Southern
39
40%
39
40%
40 *
40%
40'A
40%
32,900
37
38
37%
38%
38%
39
38%
38%
19,000
Southern
71%
71%
71
71%
71%
72
72%
72%
2,600
86
84
84
*82%
13
£ *12%
6%
12%
*80
12
12%
6%
6%
6%
12%
*11%
12%
700
83
*78%
83
6%
85
,
33
32
32
32 %
32%
29"%
29%
29%
29%
29%
29%
29%
29
52
V;
58
58
58
13
13
13
13%.
51%
52
49%
50
58
58
58
58
■/'
12%
'XT'-
12%
51%
.58
50%
:
58%
.
600
13%
13%
12%
13%
82%
82%
81
82
79%
80%
80
80
80
80
430
41%
40
40%
39%
39%
39%
40%
40%
40%
800
118
*115
11.8
60
*115
118
*115
59
*113%
59
*53
60
*58
111
111
*110
111
*110
111
*111
112%
*111
115
*58
112%
*114%
.
112%
*111
29%
115
4%
4%
72
72
*
40
35%
36
57% <58%
55%
56
134
*128
; -
*114%
4%
4%
112%
30%
115
4%
58
58
'
110
110
20
114
10
4%
30%
4%
600
17,100
*122%
16%
13
*1S%
Standard
6,400
36%
36%
900
Starrett Co
?
63%
64%
64
64%
65%
64%
64%
900
16%
16
16%
16
16%"
16%
17%
xl7'A
5,400
12%
12%
12
12%
12%
12%
12%
12%
7,400
Stokley-Van
19
19
18%
19
18%
18%
18%
18%
700
19
11%
12
12
11%
11%
7,400
22%
23%
22 Vb
23
22%
58%
58%
127%
127%
6%
6 %
11%
24%
26%
*32%
*17%
31%
127
6 i/s
12 %
11%
11%
23
24
99%
99%
25%
26%
26%
58%
58%
58%
58%
126%
126%
126JA
*125%
126%
6V'8
6%
6
6%
24%
101
101
58%
*1251/2
58%
58%
127
24%
58%
■
23%
23%
24%
3,000
1,500
25%
26%
27%
27%
27%
331/8
*32%
33%
*32%
331/8
*17%
18%
*17%
18%
100
•311/8
31%
31%
31%
3,800
17%
*17%
181/4
31%
31%
31%
see
page
1443.
✓
1,700
Feb
16
7
35
Sep
42%
Jan
15% Jan
2
19% Mar
6
13%
Apr
18'A
Jan
22% Mar
1
23% Jan
18
22
Jan
23%
Jun
Feb
26
15
Mar 26
22
77
29%
Feb
54 %
Dec
Jan
3
35
Mar
7
23
Apr
31'A
Dec
13% Jan
2
17
Feb
21
12
Jan
14% July
4% Jan
3
5% Feb
1
Jan
5% July
21% Dec
48% Jan
30
21
Mar 26
-
20%
Dec
28%
23% Mar 19
Jan
45'/e
Dec
40% Mar 28
46
12
165
26% Jan
2
30% Feb
16
22%
Apr
26%
Oct
Jan
20
19% Feb
28
13%
Jan
17%
Aug
11
23%
Jan
43 Va
Dec
34%
Dec
17
Jan
9
Mar 12
141
Dec
6
20
Jan
Mar
6
40%
Jan
69
54
Jan
82%
Dec
12
Nov
13'A
Dec
100
80% Jan
11% Jan
77
5
1
24
85
Mar 12
14% Feb
6% Mar 27
14
32
Mar 27
4%
,
Jan/
May
35
Dec
29%
Nov
31% Mar
47% Jan
12
55% Mar 19
22% May
36% Jan
Mar 26
61% Jan
18
56%
12% Mar 27
15% Feb
6
Feb
19
par
76% Jan
89
9
37% Jan
10
111
Feb
6
58
Jan
20
110
43% Mar
6
28
Sep
62
Dec
Jan
13%
Dec
50%
-
1
57
5
111%
108
27%
6
110
33%
641%
Apr
•
Dec
Dec
Feb
July
Dec
33% July
Dec
Jan
115
113
May
2% Nov
38%
115
Sep
114% Mar 16
2
79% Nov
Feb
Jun
Jan
Mar
Dec
Jan
33'A
8
*
48
110
113% Jan
Mar 23
111% Jan
7
115% Mar 20
82
Jun
28
28
75
24
,
116
Sep
4% July
Feb
74%
Dec
85'%
Dec
78% Jan
23
40'/a
Feb
par
38% Jan
2
43 % Mar
8
34%
Sep
391% July;
33% Jan
2
38% Mar
1
31
Sep
34%
—25
56
Jan
Jan
Sep
58'% July'
40'A
Jan
49
Dec
137
Feb
13
110%
Sep
lid
Dec
12
24
50%
13
Feb
14
2
118% Jan
Jan
7
59% Feb
24
49
61% Mar
1
9% Jan
22
6'%
Jan
11'A July
35% Jan
20
28%
Jan
37'%
Dec
10
5
1
20
62% Jan
2
x67% Feb
14
61
Dec
67%
May
Jan
22
18% Feb
14
11%
Jan
17% July
18% Jan
2
par
10% Jan
24
18% Jan
2
16
10% Jan
2
No par
57% Jan
122'A Jan
11
—
Co
Superheater Co (The)
Oil of Calif
Superior Steel Corp
Sutherland Paper Co
(The)
38% Mar
10c
No
6
Mar 27
10
Mar
9
23
Mar 26
25
79
Jan
3
100
10
25
Jan
22
33
Mar
par
12%
29
,
1
91/4
Feb
13% July
6
15%
Feb
19
t>ec
7%
Apr
12'%
Dec
1
13%
Apr
2OV4 July
13
54
Jun
64
Oct
1271/B Mar 24
121
Jan
128
Oct
19% Mar
14
Feb
24% Mar
59% Feb
9
5%
Feb
7% July
12% Mar 24
•*
5%
Jan
10% July
Jan
25%
71/4 Jan
27% Feb
14
17%
Feb
23
121
31% Mar
Dec
Feb
66% Nov
84 %
6
19%
Apr
26
t)ec
29
Sep
34
Dec
9
35
Jan
4
2
20% Jan
5
Mar 26
34% Feb
7
17% Jan
31
2
20
15% Mar
.
4
100
_1
(4%% cum)
Corp—
7% Aug
9
Feb
27% Jan
58
Dec
55
Mar : 1
35% Feb
Jan
5%
1
(The)
Sweets Co of Amer
162
Jan
-41% Mar
No
Mining
As Co
3%
160% Jan
7
L 8
Superior
Swift.
Dec
22
Camp Inc
preferred
Class A pfd
Sunshine
100%
10%
2
17% Mar
54% Mar
7
41% Jan
8% Feb
Bun Oil Co
Sunray Oil
24%
(The)
Studebaker Corp
17,900
100%
Dec
15% Mar
Webster
11,000
24
33%
prior
<fe
6%
105
17%
5%
Stone
11%
11%
23%
31
For footnotes
70
1,400
*1011/4
18%'
11%
6
11%
42,700
11%
23%
23%
100'/2
31%
*32%
6%
?i%
101%
26%
'11%
*32%
33%
24%
31'A
-
22
Sterling Drug Inc
Stewart-Warner
Corp—
11%
Apr
1
10%
36%
*64
11%
23
No par
10%
*36
12
6
64V2 Jan
Steel Spring—
10%
36%
11%
Mar
100
10%
11%
34
1
32% Jan
preferred
10
17%
Sep
30% Feb
'
36%
65
Dec
25
13
*64%
Apr
7%
35i%
'44% Jan
Standard Oil of New Jersey
10%
10%
28'%
Apr
3
25
36
36
Sep
May
24%
17
31
No
10
36
20%
7
81/4 Jan
86
Calif
36
10%
8
28% Mar
No par
1
10%
Dec
38% Jan
Standard Oil of Ohio
41/4%
131
61'/2
25
Standard Oil of Indiana
*127
Oct
Jan
19
14,400
131
Oct
15%
48'%
92% Feb
35%
♦127
76'A
Jan
r:3
38% Mar
—No par
—No par
35
131
Jan
67% Jan
1
67% Jan
prior preferred
prior preferred
35%
*123
Sep
Dec
91%
19
Standard
132
11%
72
9
20
Feb
2,600
53
78'/2 July
14% Mar
15% Feb
80
13,000
4,000
18% July
Jan
78% Mar 10
12% Mar 27
23
71%
55%
Dec
May
63%
1
Oil of
Dec
24% July
8
7
5
$7
106%
13
14
6% Mar
40%
58
10% Feb
231/8 Mar
90% .Feb 26
14% Jan
5
3
32% Mar
81%
55%
Jan
114% Mar
71%
57%
Feb
2
40
57%
Feb
16%
2
81'A
56
84
2
2
71%
55
3
21% Feb
113% Mar 17
15
Jan
40%
56%
106% Jan
251/2 May
8 Va Dec
25% Mar 27
No par
81%
54
9
17% Mar 26
Nov
5% Mar 21
2
32% Jan
1
No
397/s
57%
Jan
2% Jan
$6
451/8
Sep
2%
2
Inc
81%
34%
20'%
8
111% Jan
Brands,
71
53%
19
2
preferred
70%
56%
Feb
8% Jan
var
$4.50
40%
33%
99% Mar
112'A Feb
Mar 12
8
No par
No par
80%
54%
Mar
No par
70%
57%
7
1
100
39%
35%
par
1
No
79%
56
37% Mar
Jan
23% Jan
45
No par
No pa"
80%
?'-34
j
-
23
Standard G & E Co $4 pref—No par
Standard
5,900
5,400
Dec
Feb
Feb
$4.25 preferred
115
109%
111
7% Jan
preferred
*112
30%
Jan
4
80
$5 pref series A
*114%
105
Jan
No par
1
—No par
5% conv preferred
Squibb (E R) & Sons
200
Dec
23
106
28
Square D Co
117
34%
*'•"
/
30
29%
115
111
*113%
39%
1
71
'A, 39%
v
4%
112%
59%
Sep
3
tr ntfs
40%
*69
:80
40%
*114%
4%
4%
...
'■*
82
82
29
30%
30
*114%
*110
115
30
Nov
2
$4.50
Conv
14
2
115
Spiegel Inc
10,800
*40%
stk
Ohio
Spicer Mfg Co
$3 conv preferred A
900
52
Dec
47% Feb
38% Jan
110
Sperry Corp (The)
8,000
9%
—100
preferred
Spear & Co
$5.51 preferred
Spencer Kellogg & Sons
600
29%
52%
52%
*32%
33
32'A
29
Jan
No par
Sparks Withington
7,900
*11%
*78%
6%
12
85
12%
7
Jan
Spalding (A G) & Bros Inc
1,400
33%
33%
*53
6%
12%
12%
*80
12%
12
85
*80
12.;:;
6%
6%
6%
12%
12%
12
,
*12
&
Dec
5
Feb
7.50
Railway
non-cum
Mobile
20
85
Dec
10% Feb
8% Mar 27
No par
41 %
72%
*81
Dec
551/4
115 %
6
9
109
Gas Co
38%
83
38 '/a
Jan
43%
68% Mar
115% Mar
108
No par
Natural
72%
*81
27% May
110% Jan
2
2
17
17
California Edison
40%
85%
45% Mar
;
54% Jan
112% Jan
100
38%
*81
Feb
29
Greyhound Lines.:—5
Southern Pacific Co
5%
23
Jan
preferred
Southern
Jan
111
South Am Gold & Platinum
163
14%
113% Jan
No par
Smith (A O) Corp—
10
Smith & Corona Typewriter-No par
Bocony Vacuum Oil Co Inc
15
15
163
6
Jun
5
preferred—
62
40%
Mter
9
26
No par
30%
21
34% July
5
Corp—,
15
*158
Jan
Jan
-No par
30%
41%
24% July
25
-
1
—15
61
163
Jan
7
Feb
Skelly Oil Co.—...13
Steel 6c Iron
20
2,000
Apr
17%
Feb
21
23
5%
23
39
109
Sloss-Sheffield
$1.20
Oct
Dec
112
No par
Oil
Jan
37
13
14
Nov
x42% Feb
Coalition Mines
30%
19
28%
Sinclair
48,200
50%
8% Mar
8%
22% Feb
24
Simonds Saw it Steel
16%
-
22
59% Feb
1,000
51%
18% Jan
Pen Co—-No par
59%
21%
40%
*160
(W A)
60
21
6
Mar 26
3
33
51.
4%
22
33
23.
*31%
120
4%
6% Jan
19% Jan
par
13% Jan
Silver King
1,200
4%
17%
75% Jan
Simmons Co
16%
-
Jan
No par
No par
No par
pref ser A
(Prank G)_
4,500
23'A
v;
22% Feb
8% Mar 27
16% Jan 22
2,300
15%
;v.x
Dec
2
78
6
16'A
4%
163'%
33
Jan
16% Jan
Shell Union Oil—
5,200
26
28
No par
35
6
6
No par
34%
23
16%
15 %
X
34%
26
Sheaffer
16%
4%
r
6
120
23
14%
:
26%
:-S
16%
4%
41%
63
34% Mar
11% July
—_1
Corp
preferred
conv
700
14
*60%
23
15%
22'
*13%
16%
4%
41%
13%
62
23
15%
21%
$3.50
Shattuck
2
31% Jarf*
Dec
15% July
35% July
19 'A
No par
Sharpe & Dohme
77%
Jan
39%
No
31%
V.
*30%
32 %
*162
*32
*75
*22%
16%
*22%
61
34%
12%
77%
23
16%
23
26
6
-
15%
48%
16%
*31%
-•-v.'
34%
50
16
X: 49%
13%
5%
33%
33%
33
26%
5%
5%
33% V-.'35.
35%.
35%
*74
61X/, >A?>. 61
25%
26%
26
26%
26%
*60
61
*59
r
12%
12%
77%
13% : 13%
13%
13%
13%
13f%
*59
*75
77%
*75
77%
12%
12%
12%'
12%
12%
*75
Steel
$5 conv
8%
Feb
1
8%
19%
851/2
8%
6
Jan
No par
& Co
19%
19%
851/4
8%
21% Mar
May
,
Inc
86%
8%
18%
85
8%
2
14% Jan
100
13
9
86
8% V 8%
19
87
Apr
106
Dec
16%
Jan
85'%
2
No par
$4.50 preferred
;■
Shamrock Oil & Gas
•
10
8
5
Jan
36
Corp
Sears Roebuck
7,500
19
88
*
No par
Servel
114
18%
8%
600
3,700
18%
87
8"%
7%
102%
19
18% Feb
Jan
Mar
15% Jan
98
63
Dec
12'A July
No par
preferred
Seagrave
6
Dec
102'/a
Jan
7
-100
$4 preferred
Seaboard Oil Co of Del
1,200
104% Feb
6%
15
new—3%
Corp,
Paper Co
$4.50
112
18%
V
113
Scott
44%
112'
24%
Distillers
preferred
51/2 %
19
13% Feb 28
10
No par
100
5
preferred
Savage Arms Corp
>
109
Jan
18
Feb
21% July
105
•
20% Feb
1
Joseph Lead
Schenley
87
Jan
16
Apr
39% Jan
1
5%
10,300
*112'A
18%
19%
8%
v;"X 19
8%
Jun
2
No
Safeway Stores
60
24
101%
7%
102
42%
43%
Apr
99%
10% Jan
Rustless Iron & Steel Corp
6.600
16
2
No par
3,100
62
8%
2
6
No par
(The)
115
112
7%
>
Co
*60%
43
87% Jan
Mar
16% Mar 27
Typewriter—
*114%
42%
108ya
16
7
24
37% Mar 13
Copper Mines—
Antelope
7%
20 «A
33%
4
11% Jan
*
Roan
*7%
20'A
34.
18 %
44%
*
7%
102% Jan
8%
25% Mar
109% Mar
1
Co
Oil Corp
Company
201/4
33
114%
Mfg
33%
19
*114%
Rheem
4,200
7%
33%
3
10
Common
10
1,400
20
35
*1C8
17%
Ritter
'
*107
38
17%
1,100
7%
110
38
17
7,500
19%
8%
38
121/a
7%
60
5,800
19V48 20%
19%
42
32%
12'A
7%
62%
32%
12%
19%
43%
3,600
191/4
7%
114%
18 %
_
12%
19%
62%
130
*18%
7%
*43
2,300
12%
20%
114%
16 »/2
101
22
preferred
100
Reynolds Metals Co
No par
5%% conv preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B
—10
19%
*7%
18%
104%
3
191/s Jan
51/4%
Richfield
*19%
*34
conv
preferredprior pfd ser A
Revere Copper & Brass
4,500
100
16%
101
18
17
conv
6%
300
14
15% Jan
104 7/a Jan
1
No par
-100
100
No par
Motors,
6 %
107%
13%
102
32%
27,700
109%
107
Inc—
Republic Steel Corp
Reo
7,600
21%
21%
*107
101%
*37%
23%
23%
109%
8%
27'A
Jan
Jan
i
THE COMMERCIAL & FINANCIAL
JL442
LOW
■Utnrdmy
Tuesday
Mar. 26
$ ver share
32%
AND HIGH SALE PRICES
Monday
Mar. U
Sales for
Friday
Mar. 29
Mar. 30
Mar. 28
share
« per share
W per
32
32%
32
32%
32%
29%
30
29%
29%
29%
8
8%
8%
8'A
8%
30%
29%
3 Va
8%
7%
30%
8
I per share
f per share
share
33%
33%
NEW
the Week
29%
7%
30%
Monday, April 2, 1945
STOCKS
Thursday
Wednesday
Mar. 27
8 per
32%
CHRONICLE
Shares
33%
YORK
<V"'^
Range Since January 1
'/v/y
Swift International Ltd
Syivanla
Elec
Prod's
Inc
No
1
7% Jan
Jan
35
1944
Lowest
t per share
31% Mar 21
29% Mar 28
par
Symington Gould Corp
10.900
Year
Highest
'
9 per share
Par
4.500
*
.
Lowest
3.800
'
Range for Previous
STOCK
EXCHANGE
Highest
# per share
9
27%
t per share
Jan
32% Jan
17
10'A Feb
15
10% Feb
16
7
Jan
5
42
33 %
.
Jan
2
26%
Apr
5% May
Jun
33 V\
Jan
8
Dec
8%
Jun
'
'
'8%
9%
*8%
9%
8%
9
•53%
54%
*53%
54%
53%
54
8
8
7%
8
12%
12%
11%
12%
51%
51%
50%
51%
..11%
9%
*8%
'>,
*54
8%
*8%
>...
55
*54
8%
■
S'/a%
110
8%
*8
Talcott Inc (James)
800
f
55
8'A
900
9
12%
12%
12%
12%
12%
2.000
Tennessee
50%
51%
51
51%
5.900
Texas Co
Corp
7% Jan
16
50
50% Jan
6
5
7% Jan
3
5
partlc preferred
Telautograph Corp
51%
50
'
'
11% Jan
2
48% Jan
2
;
.
(The)___
25
56
Mar
9% Feb
7
14% Mar
1
"55
4%
Feb
5
32%
Apr
7
14%
Feb
7%
7%
'7%
7%
7%
5,300
No par
6% Jan
2
39
39%
39%
39%
39%
29%
3,600
Texas Gulf Sulphur——No
par
36% Jan
'2
"40% Mar
21%
21%
21%
21%
21%
9.200
Texas Pacific Coal & Oil
20'A Jan
22
25% Mar
Texas Pacific Land Trust
Texas & Pacific Ry Co
Thatcher Mfg Co
21%
22%
14%
14%
13%
14%
13%
14
14
14'/a
14%
14'A
6,500
35
36
33 %
35
33
34%
34%
36%
36%
37 'A
5,700
16%
16%
16
16
16
16%
15%
15%
15 %
15%
1.900
50
51
48
49%
48%
49
47%
48%
44%
47
2,750
9%
"8%
*8%
139
'129
9%
12
12
"14
99%
9
9
139
*136
139
7%
99%
*98%
99%
9%
9%
9%
9%
9%
9%
55%
54%
10%
12
14
55
55
*54%
11%
11
11%
14
14
14
"48%
50%
47%
47%
48%
48%
*48%
*4%
4%
4%
4%
4%
4%
4%
55
*54%
10%
13%
...
46%
45
50
4%
600
4%
1,800
34
32%
33
32%
32%
33
33
*32%
33%
18%
17%
18%
17%
18
18%
18%
17%
18'A
10.100
105%
105%
105%
105%
105%
105%
105%
105%
35
34%
34%
51
34%
51%
34%
52
50%
51%
10%
10%
10
10%
10%
10%
29%
29%
27%
28%
27%
20
35
"51%
"21%
21
20
22
5%
5%
5%
5%
"107%
108%
*107%
108%
"10%
11
"19
19%
26%
*50%
10%
10%
10%
28%
28%
29%
29%
30%
21
20%
20%
20%
20%
1,500
5%
5%
5%
5%
13,400
5%
...
5%
107%
108%
*108%
108%
10%
10%
10%
10%
18%
18%
19
108%
10%
18%
26%
27
*100
27%
1.900
10'A
'
18%
105%
1.050
35 %
51%
10%
*102
106
*102
105%
35%
50%
35
104
26%
*101
110
1C%
27%
27%
34%
34%
34%
*104%
105%
*104%
105%
*104%
11%
10%
10%
10%
10%
10%
*10%
11%
*118
121
*119
16 %
16%
11
120
*118
15%
15%
120
15%
120
120
16
120
16%
■
14%
83 %
?
*115
23
23
120
117%
*108%
109
30%
*30%
28%
33%
3.15%
115%
22%
1
30%
107%
32%
33%
32%
33%
32%
121%
120%
120%
*119%
23
22%
113
22%
111%
111%
22%
111
111%
71%
70
70%
69%
69%
27
71%
'*26%
30%
27%
28%
108
26% :
26%
*26%
22%
*111
27 Va
'
1%
1%
1%
1%
'i 70%
22 %
*117%
*109
109%
30%
1%
40 %
40%
17%
16%
17
106'A
105%
*105%
106%
*105%
11"
11%
10%
71
69%
70
12%
12%
12
12%
11%.
12
36%
36%
36%
36%
36%
92%
93%
92
92%
92%
16%
16%
16%'
16%
16.
*70
23
23
14%
14%
*106
106%
16%
16%
*79%
81%
106%
106 %
16%
16%
79%
16%
*52
106%;:
52%
52
52
43%
42%
7%
16%
*
79%
*79'A
16 %
15%
*51%
52
42%
43
6%
15%
7
^51%
|3%
1
22% >
14%
106%
106
*185%
16
16
51%
45%
■
8%
8%
8%
9 %
10%
10%
*10'/a
10%
*38%
39 %
38%
38%
38%
51
50%
51%
*2%
*48%
51
2%
2%
56
*55%
*157
53%
158%
38%.
38
38%
*48
50%
*48
50
50%
50%
50
51
*157
•2%
2%
55%
158%
53%
*157
2%
55
2%
-.
50
2%
58%
58
58%.
58%
59%
*58%
59%
82
81%
82
81%
81%
*80'A
82
61%
62%
*80 %
60%
61%
60%
61%
61%
62
140%
61%
141%
140%
140%
24%
24%
24%
25
241/4
47%
47%
*47%
50
*47%
'•
4%
4%
4%
5
4%
5%
50
4%
*47%
4%
5
*101%
102
*43%
102
17%
*17'A
17%
6%
6%
6%
6%
45
43%
241/4
22%
13%
23%
13%
35%
13%
50
49%
86%
87
96
*87
26%
4 %
*62
4
60%
121
74%
69
„
69%
47%
47
47
39
125
*143
38'A
125
87%
V. 182
23%
23%
*13
13%
36%
*35'
35%
13%
13%
13%
13%
50'A
49%
49%
*84'
90
*86
90
;
*4%.
*69
72
147 Va
74%
-
4%
102
*143
.
*17%
17%
*6%
*75%
45
*87 "i
*174
23%
13 %
*35
13%
*50
45
•
S
Rubber
8%
--
51
10
32
2,000
:
90
i
62
;
400
(
50
18
9% Jan
3
13
Feb
2
125
14% Jan
3
19% Feb
16
3
64% Feb
16
115
106% Jan
4
imm
mm
.
Jan
68'A
Jan
8%
Jan
Feb
15 Va
76
Sep
82%
113
Feb
113% Mar 16;
117% Jan
par
25
113
116
22
25% Mar
1
24
125% Mar
2
100% Jan
24
109% Mar 28
29 % Jan
19
9%
29
20% Jan
109% Jan
51% Jan
23
Jan
8
106%
111
Jan
66
Jan
26%
Feb
par
104
Dec
Jun
30
Nov
33'A Nov
13
100%
8
par
1
110%
Sep
Apr
36 %
Dec
102%
Jan
123%
Dec
20% May
024%
24% Jan
114
Jan
9
6
110
Mar
7
61
May
27% Jan
4
22
1% Feb
21
1%
Jan
7
31%
Apr
73
1
2.
5
5
No
par
15% Jan
.
Mar
44% Mar
22
19% Mar
No
var
7
12%
Jan
11
'95 'A
Jan
106%
Dec
3
6
Feb
11%
5
77
Aug
Apr
78 %
Aug
66
Jan
11% Jan
33'A Jan
108
13% Jan
Jan
26
13% Feb
2
31
89% Mar
20
■
39
Mar
20
17% Mar
7
9
x25 V8 Mar
Jan
2
no/; Jan
Mar 26
Feb
Feb
105
108% Jan
5
Jan
13% Jan.
21%
Feb
88
Jun
Jan
186
Dec
15%
Oct
19
42
Jan
51%
Nov
Feb
23
34'A
Feb
21
Apr
Jan
43 Va July
9
Dec
6% Mar 27
34% Mar
22
Jan
%.
9
30% Mar 26
19
23
114
1,200
133%
8%
5
1
Jan
16%
10
110
2
2 ;
Jan
8%
30%
Apr
37%
Jun
40%
Jan
48
Nov
Apr
48
55
£
Mar
4
5
Jan
2
1
19
40
Feb
130
.
160 % Feb
21
85
par
Jan
24
Jan
2
67% Mar
7
50%
Jan
May
26% Mar
1
22
Mar 27
50% Feb
6
44%
5% Feb
28
preferred
No par
Universal-Cyclops Steel Corp
1
Laboratories Inc_'
*—1
Jan
5
Jan
2
104
No
par
Jan
No
par
100
Mar 27
21% Jan
13
Mar 27
15% Feb
32
Jan
22
39
13% Mar 26
17
49% Jan
52
Mar
91-
Jan
Co
Inc
1—_u_;
—
Vertientes-Camaguey Sugar
Vick Chemical Co—_,
10
Co_6%A——5
Vlcks Shreve & Pac Ry.—
2
23
100
86% Mar 26*
preferred
non-cum
100
90% Jan
Works—
5
Chemical
24.% Jan
20
8
.
23-
Mar
Mar
Jan
Chemical —^
div partic preferred
Ei
&
Iron
Pow
Coal
$5
&
pref
No par
3% Mar 27
100
100
.{
59% Jan
6
118% Jan
5% Feb
5%
Virginian Ry Co__
6%
preferred
—
81 Va
162
Mar
20
—
Vulcan
Detinnlng Co
Dec
Dec
Nov
23 %
July
Jan
14%
Nov
Oct
52
Sep
Dec
28
;
8
12 %
lyiay
f.f 16
7
41 Va
J^n
51
Oct
29
63%
Jan
70
/85
Dec
Feb
6
20
9
69
Feb
20
$
123
Feb
19
75
Feb
45% Jan
25
48
Feb
36% Jan
16
21%
Jan
3 %
Sep
50
Sep
85% July
25% Aug
5Vt Mar
62% July
113%
Jun
28
38%
Feb
63
13
37
Jan
45
Dec
39% Mar 21
33
Apr
38%
Nov
•
310
176
July
Jan
22
57
41%
Apr
9%
Jan
100
6
Jan
68
17%
—25
pfd
3'A Jan
31
*
6
8
;__25
Coke
y
18% July
20
x92% Mar * 7
28% Mar
Dec
.
24
Vanadium Corp of Am___—No par
Van Norman Co——s—_2.50
Oct
106%
Jan
25
Feb
5 'A
Jan
Jan
Dec
4% Nov
14%
Jan
185
27% Aug
48%
Apr
76
93 % Mar 19
Dec
2%
2
8
5
Dec
63% July
136%
Apr
6
•
Dec
2% Jan
2
47
Jan: 24
preferred.—
% Mar
20 % Mar
Jan i 2
Dec
Dec
61% July
78
Apr
xll9%
Mar 29
"Universal
150
Dec
May
143% Mar 20
5% Mar
Tob
69
4%
Dec
54% Julv
Jan
.
48%
Mar 19
23
Raalte
,
24
65'A Feb
18
conv
10%
•
Feb
60% Feb
12
•
9%
Jan
6
—.——100
Leaf
35%
Apr
Jan
25
Dec
Sep
Sep
6
5%
Jan
par
113
10% Feb
Jan
No
33 Va
Feb
42% Feb 13
A 55% Mar 3
23
Mar 26
Jan
1
2
an
Jkn
Jam.
Jan
10% Mar
Jan *2
preferred
Jan
170
17% Feb
50
Co
Jan
Mar
47
.—50
Va-Carolina
1,700
14%
70
86 % Mar
•
;
97%
12% July
107% Dec
53 % Feb
10
No
Feb
2
No par
•
Sep
7%
10
1st preferred——100
_
7%
17
1
i
Feb
Jan
10
Impt
Dec
4
38% Jan
50
—20
CO—
109%
185'A Mar 23
17
111% Jan
Corp
Oct
Jan
5
1
22
1
;
Jun
Dec
11%
19
Feb
Jan
180%
Dec
Dec
98%
v;
26
19% Feb
11%
Jan
91%
15%
20
16% Mar 26
Dec
36 %
21
18
17%
Jan
75%
16
11% Jan 24
-j:':77'.
8
"«
Apr
.26% May
6
Mar
6%
45%
94% Mar 17
9
100
.
Dec
13% Feb
10
_:
Oct
1% July
42 %
6
22
5
2§
Jan
5
107
Corp
Dec
Jun
70% July
Feb
1
par
114
; 9 % Jan
105
..100
..No pat
No par
Feb
22%
Mar 19
1% Jan:- 2
38% Jan
Dec.
Dec
36% Mar 19
22% Mar 22
par
92%
20%
Jun
2
No pa»
Feb
Oct
118
26
125
24
par
Jan
109% Feb
22
par
115
Sep
93%
25%
22
Jan
Feb
17%
'
Dec
Jun
Nov
11
33 % Mar
Mar 20
31% Jan
109%
119
32% Jan
27% Mar 26
118
Jan
Jan
Va
Jun
7
6
5
Va
66
Mar
Cos
United Stores class A
50
Dec
17
24
6%
Dec
Dec
90% Mar
Stockyards Corp
2,200
900
Dec
16%
24
100
non-cum
8%
9%
118
24
Jan
150
•
*143
5%
a" Feb 26
14% Jan
...20
Corp
Victor
.
45%
*126
27
"
-I
71
39%
13
Feb
1
$6
102 %
58% Jan
_i——__._i.i_10,
Tobacco
7%
United
5%
62
*69%
Steel
Dec
78 % Jan
par
No
Preferred
U S
1,300
r
.
121
45%
120
Aug
Nov
100
Mar
2
127
Mar 27
102
Jan
125
100
Preferred
120
145
Oct
Mar
5
147% Mar 26
149
Feb
155
JUly
W
75%
75
75
75
76
15
15
14%
14%
32
109%
105% Jan
Van
2,500
—,.
s
102
Dec
Smelting Ref & Min__
U S
Dec
Dec
!
Preferred
Universal
4,000
%
13%
120%
'
Nov
105 %
—No
,Preferred
35%
*85
U S
.•
Dec
11%
20%
8%
Jan
———
non-cum
30
—
24
13
21
105'A
Jan
15% Mar
20
106% Feb
3
85
17
21% Feb
85
_—
Preferred ■'
30
87%
182
39 Va
15%
*108%
Coal
Co
%
"15
101 % Jan
13% Jan
•
10
700
46%
*143
10% Mar 22
18% Mar 28
par
preferred—.——.—SO
conv
Lines
Dec
Dec
Dec
preferred
U
300
7
39
__
29
28%
Faperboard
JU S Realty &
400
38%
134
Apr
2
35 %
—No
Co—
OS Plywood
3,500
102
46%
*125
17%
15
.Jan
100
,
Playing Card Co
400
4%
38%
127
31 % Mar 19
24% Mar
Jan
26
18% Jan
100
Pipe & Foundry
2.400
47
38V4
127
*71%
Dec
109% Mar 15
5
U 8
31.900
27%
4
11%
Feb
-No
U S
95
62
Jan
Jan
Corp
Hoffman Mach
U S
1.600
-
*86
121
8%
13
10
Partic & conv cl A
Prior' preferred
'
400
——
4%
*26%
4
:'S
1,500
27%
•*61%
Electric
5,000
-;w-
140
93
*120%
9
Dec
Jan
100
2.600
62%
140
*86
4
Aug
No
100
1
.
400
*26%
61%
52 %
No
2,500
—
81
27
121
Apr
103
—100
Freight Co
Gypsum Co
S
400
—
-
59%
93
60 Va
43 %
par
Co
5,600
27
47
38%
125
147%
—
*174
13
*120%
V8
124%
45
*86-%
\
23%
13
*34%
3%
62.
120% 121
47%
''33%
23
*43
87
178
16
21%
.
preferred
5%%
:
%
*85
27'A
4
63 Va
121
Va
93
27'A
t.
*491/4
50
92
45
86-%
13%
13V4
*43
178
*34%
37
14
*4
*69
24%
,
43%
89
182.
59
102%
17%
"86
26%
*101
6%
*178
*91
102
17%
89
50
102
6%
182
*88%
•
17%
*87
14
4%
5
Drug
Dyewood
"
140%
6%
*178
!l3%
50
4%
140
18%
6%
*35%
25
*4%
102%
*17%
•'
24%
56% Feb
11% Jan
5'A
"U S Industrial Chemicals.—No par
U S Leather Co——No par
11,900
.WM
50
4%
4%
,
24%
4%
-
6,500
25
142
*47%
-
2,600
■■■'mm
.
55
58%
24%
U
'
158%
82
*140
Dec
15
Mar 26
28%
No
Co
preferred
7%
;
•38%
50 3 4
2
54%
158%
U 8
800
•
51%
2%
55
158%
O S
'
10 Va
38%
*48
;
9 Va
*10%
50%
*158
7%
9
:
50
54%
158%
38
18% July
No par
U S & Foreign Secur
$6 1st preferred
50
31%
10%
5%
4,300
113%
7%
Carbon
United
700
,
47
31%
10%
Jan
Jan
'United Merch & Mfrs Inc'
400
■
53%
*112%
10%
109
25
100%
Feb
'
31%
31
Jan
16
No par
No par
Co
230
;
__
113%
*10%
31
17
15
39% Feb
3%
United -Gas Improvement Co,..13Va
240
'mm
July
Feb
108'A Jan
Mar 15
12%
Engineering & Fdy
700
186
*112%
30%
13
Dec
3
;
Fruit
2,400
'•
•
7%
*112%
20% Mar
34
3
Inc
United
•
--
Jan
18% Mar
29'A Jan
preferred
conv
United
'
Va
8 7/s
2
2
Mar
•
16
*51%
1;
Lines
United
10,300.
16%
31%
113%
'::
——
79%
113%
37
8
No par
5
300
106%
16%
79%
8%
Aug
5% Mar
22
100
4,600
'
5,400
16%
30%
Oct
5%
2
Jan
Dec
36% Jan
Preferred
190
mm
15
80-
*112%
49 Va
26% Mar 21
preferred
Biscuit
$4.75
2,400
6%
9%
51
'
—
mm
22%
31%
■
w
108%
*6%
113%
Jan
No
prelerred
United
800
-
16 %
22%
8%
.
■
mm
*10/%
*112%
32%
34 V8 Mar 27
preferred
Air
United
200
mm
%
6%
45
53 V* Mar
7% Feb 20
100
Corporation
preferred
£
$3
6,500
_
12%
16%
*.185%
15%
f%
7
106 %
23
July
2
A—1
United
G.700
mm
14%
16%
43 V
*7%
:
109
14
%
16%
6%
79
15%
43%
31
] 4
*185
15%
22%
109
:
12
o%
22,900
•
93
13%
*185
16%
37
92%
14%
79%
*185
—m
70%
*36%
V, '
13 Va Mar
Jan
par
No
United-Carr Fast Corp
mm
-
'
70'A
72%
92%
22%
12%
100
United
'
10%,
37%
109%
Jan
Jun
5
-No Par
400
■mm
16%
16 Va
6%
54
4%
11%
'
106
10%
92%
22%
106
16%106
*36%
109%
13%
.
16%
6%
Jan
15% Mar
No
.
900
mtm
Dec
u
conv
United
50
m —
'£
1%-v
92%
22%
5%
4 % %
10%
No par
'•ferred—
prior pta_
Aircraft Corp
United
Dec
Apr
1
100
Union Tank Car
United
Dec
94
15% Mar
10
par
_
Nov
122
Oct
3
16% Jan
.—1
Fox Film Corp
non-cum
700
mm
40%
36%
109%
6%
1%
40%
■■;;;/
12%
109%
109%
*6'A
4%
200
mm
71%
27%.
27%
12%
22%
*109 %
No
i—No
9%
Jan
11
4% Jan
5
Corp...
Elliott Fisher Co__
21,300
mm
113%
,71
11%
10%
70
——
23%
*111
106 Va
11
105%
11%
73
43
56
Jan
92
81%
Jan
50% Jan
Union Pacific RR Co
400
mm
35
*22 %
40%
16%
30
2
5%
Dec
July
45 % Jan
No par
Union El Co of Mo $5 pfd
Preferred $4.50 series.
Union Oil of California
13,000
mm
■
123%
1l%"'w
1%
39%
17
Jan
52% Jan
10% Jan
22
'
?0% %
40%
11%
107%
24 Vn
22%
113
'
40
*72
28%
*120%
16%
7
34% Jan
1
pi
'
Under
1,200
mm
27%
107%
34'/a
124
41%
19
"
;■
17%
11% Feb
No par
2
Corp
preferred
.
700
—
:
31
*30;
28
107%
41
'.mem
15
—10
1,400
■r-.'
;
Axie
Union Bag & Paper__
Union Carbide & Carb
.
—
.
6
Feb
.13
par
Oil
City Rapid Transit
7% preferred..
Twin Coach
30
22%
—No
5.800
— -
118
27% r
27
viv
•
115%
22%
17%
*105%
i%
*114%
113%
109 Va
109
30%
27%
*107%
/
117%
117
109
*113
115%
22'%
117
108%
113%
115%
22%
117
28%
108
*113
121%
22%
*111%
113%
10
Twin
6,800
*113
Feb
99
9% Mar 27
Corp.-No par
^
25
Bearing.
Rayon
$1.50
4,700
30%
27%
34%
22%
15%
83%
Feb
130
8
105
20th Cen
1,500
-
15
82%
108%
108
125
*121%
61%
60%
14%
82%
22%
30
28%
108%
60%
14%
82%
119
108%
108 %
60%
14%
83
116
22%
120
60%:
14%
82%
113%
*113
116
*115
60%
14%
1
12
3
31
4% %
2,600
82%
14%
82
113%
*113
60%
60
62
14%
82%
Transit
Mar 21
Jan
Jan
,_1
preferred
16
93% Jan
par
.
*60
125
par
__10
Truax-Traer
80
>
9
100
preferred
cum
$4.50
16 %
conv
par
_10p
_
N<
?Tubb,e
1,700
120
16%
28
No
—
$6 preferred
tV
105%
11%
35
58
Roller
3,000
34%
105%
Feb
Transcont'l & West Air Inc„.
20,300
34%
-
34%
50%
Detroit
100
34%
27%
103%
*104%
24
Transue & Williams St'L.,
800
103%
3414
59% Jan
Tri-Continental Corp
2,200
105%
par
44% Mar 29
24% July
Tlmken
4.000
19
34%
35
Jan
Transamerlca Corp
11.900
108%
*104%
Feb
Jan
12%
Timken
1.600
19
,
103%
27%
27%
52
10%
;
8%
17 V2
10
Tide Water Associated
v
34%
-
18%
•
!■
■■■;.
105%
3
38 Va Mar 16
21% Jan
Avenue
$3.50
Nov
22
3<P
No
700
18%
16%
13% Jan
15% Mar 29
$4.50^onv preferred- .——No par
34
Dec
30% Jan
Thompson (J R)
Thompson Products
Thompson-Starrett Co
500
4%
29%
1
preferred
Third
5,600
15
Dec
37% July
•
100
preferred
Thermoid Co._
70
11%
11%
*14%
6%
'
preferred——No
conv
$3 div
Sep
par
6%
2,900
44%
Na
The Fair
200
"98%
14
/
9
*136
99%
9%
*55
14%
9
139
*98 %
9%
55
10
*125%
135
*98%
9%
55
9%
*125%
99%
*98-
*9
$3.60
10
12% July
50 V* Jaa
14
7%
39%
20%
Texas Gulf Producing
10% Mar
19
7%
38%
22
Dec
8%. Oct
Feb
7%
40%
7%
51
Jan
9% Feb
*7%
"39%
21%
4%
*91
92
*108%
For footnotes
see
31%
109%
page
1443.
*108%
31%
109%
X71%
71%
70
70
14%
14%
15
15%
32
32
*31%
*108 %
32
109%
*108%
109%
2,200
—
•
Wabash
RR
900
Waldorf
System
300
^
Walgreen
4%
4%%
Co
preferred
preferred—100
66
Jan
2
76% Mar
40
Jan
68
Dec
—-No
par
13% Jan
10
16% Mar 10
10%
Jan
141/4
Dec
—No
par
30% Jan
24
33% Mar
6
26%
Apr
31V4
Dec
L
100
106% Jan
2
108% Mar
9
L
7
xl05.
Nov
108% Nov
Volume
NEW YORK STOCK
t
9%
62%
62%
19%
19%
*19%
9%
*9%
9%
10%
10%
l'/s
,2%
2'/a
*60
61%
*60%
61%
61%
62%
13
13%
13 Ya
13%
13%
13%
30%
*28
30
30
26
*25%
26
!%
2%
*30
*25% '
,
2
9 Mi
*26 Vs*
*84
86
20%
103 %
112
112
117
85%
*84%
9%
—.'
II
24%
24%
*101%
104%
117
23%
*23%
111
;
117'%
117%
'24
111
111
*110
18
18
18%
36%
37
36%
37%
361/4
37%
36%
36%
5%
5%
5%
5%
5%
5%
5%
5%
20%
20
20%
21%
37%
39%
76%
76%
36%
45
74%
46
44
1
*26%
19%.
20'%
37%
38%
38%
39%
38%
28%
75%
76%
75%
76%
75
:
149%
*147
35
*29
29%
*111
II2V2
*109
HO1/4
*26%
28'%
28%
120'%
121%
120%
33%.
*33
33%
29
■
29%
146%
147%
146%
33%
•
*29
29
.
28%
45%
3,700
*26%
Western
123%
147
147
*145%
/
34
33%*
28%
'
>111
112
112
112
111
111.
*109:
110%
110
110
109
—
—
Dec
39% Feb
19
23
Jan
31%
Dec
Jan
10% July
35%
89%
90
89
.89%
*23%
24
23%
,
.
9%
8%
9%
*31%
33
33
*31%
3,600
88%
*89
90
340
22%
23'%
27%
*84
■
1st
*30%
31
*30%
30%
6%
6%
.17%
*7%
7%
6%
17%
17%
16%
17
16%
17 %
17%
17%
17%
11%
11%
11%
11%
11%
11%
11%
11%
11%
100
*99%
16
*99%
■
Feb
Jan
102%
Dec.
28
96%
Feb
113
Dec
106% Feb
15
85%
Apr
103
2
117% Feb
10
113%
Apr
118%
22% Mar 21
26% Feb
23
26
115
Feb
Jan
'8
116% Jan
106
20
26% Jan
28
1
32% Jan
Jan
32
July
Jan
111
Dec
106'/* Jan
Jan
19
*69%
70%
14%
70
70
14%
■
15
66% Jan/
26% Feb
15 ■'.'V;
18
Feb
22
26% Jan
22
31% Feb
16
20
Feb
29% July
3
11% Feb
15
5
Jan
8% Jan
15
87
Jan
23
34% Mar
.
.
67/s
9
15
10
13% Jan
2
128
pfd—100
Jan
300
.80
Jan
Jan
14% July
Sep
125
Sep
19%
Apr
24
July
Mai-
36%
Jan
44%
Mar
20%
Jan
41% Nov
88 -S Mar
47%
Jan
82'/a Nov
46%
;
123
Feb
<:54
Oct
49
Jan
84
99% Feb
27
69%
Jun
91%
Deo
Feb
19
58
Apr
74'%
Nov
16% Feb
19
13
Dec
27% Mar
89% Mar 16
24
74
9
Nov
14%
14%
800
35%
*34%
35%
35
35%
1,600
Tale
& Towne
32% Jan
19
14%
5,100
York
Corp
23
1
Feb
35%
13% Jan
16% Feb
17
9%
Apr
15% July
19% Jan
19
14%
Jan
20% July
45 %
9,000
Young Spring 8t Wire
No par
Youngstown Sheet & Tube—No par
25
22 %
1,700
39% Jan
50% Mar
7
33%
Apr
42% July
106% Nov
35
14
14%
13%
14%
14%
14%
21
21%
21'/*
22
21'/*
20%
21%
46'/*
*43%
43%
108%
,,
45%
44%
45%
107%
14%
22%
45
108%
108%
108
45
108%
21'/*
21 %
20
20%
20
21 %
21%
21%
21%
21%
37%
37%
36%
37
37
37%
37%
38
37%
6%
6%
6
6%
and
asked prices;
5%
6%
107
*106%
6%
5%
6
tin receivership,
sales on this day.
110
107
a
160
108
5%%
Mfg. Co
Youngstown Steel Door
37%
1,500
Zenith Radio Corp
6%
7.500
Zonite Products Corp
n New Stock,
s Special sales,
r Cash sale.
22
Jan
40
20
5% Jan
wd When distributed.
96
Jan
14
13
Jan
Feb
15
33% Jan
44% July
7% Feb
8
3% Jan
6% July
42
2
y Ex-rights.
x-Ex-dividends.
Foreign
Government
Bond
Bonds
Bonds
Sales
-
Corporate
Total
129,390
391,945
333,265
203,150
220,010
$180,000
$10,000
$1,000
$191,000
$2,437,000
Tuesday
Bonds
$3,395,500
$16,000
451,640
i
Government
1,277,760
Saturday
Monday
$3,265,000
$114,500
1,387,430
1,106,185
724,145
8,021,000
325,000
17,000
8,363,000
7,023,500
209,000
27,000
7,259,500
6,209,900
236,000
29,000
6,474,900
658,320
5,074,000
262,000
29,500
$118,500
/
;
;
Wednesday
Thursday
Friday
$30,858,400
476,000
21,000
758,000
1,000
111,000
646,000
589,000
500,000
3,000
387,000
•
976,000
*26,000
744,000
$31,000
$3,169,000
172,000
5,365,500
Saturday
-
Foreign
Domestio
of
Total
Value)
Bonds (Par
Foreign
Shares)
Week Ended March 30, 1945
Railroad
and Miscel.
Shares
Deo
Stocks
United States
Stocks,
20%
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Number of
36% July
Mar 21
(Number
1945
Deo
'14
24% Feb
Mar 26
36% Mar 26
No par
1
Feb
110
105 % Jan
100
No par
preferred series A
5,800
Deferred delivery,
13
5
Wyandotte Worsted Co
Transactions at the New York Stock Exchange
-
99% Nov
Jan
14'%
35
Thursday-—-
11% July
Jan
10%
8
14%
14 %
Tuesday
Jan
8014
14%
35%
Wednesday
Feb
Apr
20 »/e July
14%
"•
*70
*34%
Week Ended March 30,
9%
27% Mar
5
75
69% Mar
va*
8
130
6
71 %
No
T»«l)
.Tr
Oct
Dec
Jan
6
15
17% Mar
30
WrlelPv
Prior pfd
87'/a
,31%
4%
100% Mar 29
3
(F W) Co
Jan
14% Feb
2
No par
;
10% Jan
97% Jan
9% July
Jan
24
13
19%
16% Mar 26
.1
Dec
July
Jan
x64%
3
2
Feb
Mar 26
No par
Co
Feb
83% Jan
30
92'/*
71
114%
•Bid
Dec
94% Feb
70
14%
46
Feb
9
-
71
*69%
*14%
*21%
July
32%
20
Motors
preferred
*"Wm)
20%
104% Aug
24
15
92
Jan
21% Jan
Jan
89%
77
Feb
97%
6
87% Jan.
Jan
*85%
59%
19
15
24
79
*87
107% Nov
101% May
31% Jan
38
89%
Feb
Jan
78
Dec
39% Mar
4%% series
—100
Prior pfd 4% % Conv series—-100
Wright Aeronautical.
No par
90
*84%
'-*85
29%
Mar 28
107%
Worthington P & M (Del)—No par
*87
90
64
103% Mar 21
100
*85%
88
110
4
3,700
89%
86
*85
...
Dec
25%
86%
90
90
Dec
Dec
36 %
105%
43%
85%
*84
*84
87%
Dec
17
48%
V
31%
151%
127 % Mar
19
1
Co
Wilson-Jones
/
31% Feb
48%
86%
*84%
88%
$6
3
126
36% Feb
42%
48%
85%
*85%
Oil
Feb
113% Jan
No par
20
5
preferred
Prior
Wilcox
Apr
Jan
31% July
Jan
21
x91
—1
Mach Corp
preferred
conv
22%
6
8
3
*84%
43%
48
48%
Dec
53% July
16
24
43%
Dec
66 '/a
Feb
27% Feb
40% Jan
46%
31%
Dec
41
108% Feb
10
43%
Dec
65
16
10
48%
29%
,
15
20
Woodward Iron Co—
43%
Jan
151
Feb
144
16'% July
7%
8
29% Mar
Dec
6% July
3% Jan
Mar 22
x31% Feb
Woolworth
46%
Dec
37%
Apr
129% Mar
6
Mar 26
4,200
43%
110
2
491/4 Mar
Mar 26
44
1.300
5OV2
Feb
26%
20
7% Mar
■
4% Jan
27
44
July
Mar 19
Feb
27
27
43
49%
*86
$4
Sep
28
103
Mar 26
41
.
.
Dec
16'A Jan
32% Jan
22% Jan
44
*85
HI
10
24
(The S S)
White Dental Mfg
Wisconsin El Pow Co 6%
*131%
*26%
26
26
26%
26
26%
26%
600
Jan
:
.17% Mar
100
-—100
No par
No par
Wilson & Co Inc
16
8
No par
No par
Wheeling Steel Corp
$5 conv prior pref
Willys-Overland
100%
Dec
18%
83
12.50
Wheeling & Lake Erie Ry
5% % conv preferred
13,600
400
Dec
28
No Par
preferred
preferred
23,800
12
16
15%
*131%
*131%
*131%
*131%
700
100%
100
15%
15%
15%
15%
100
100
*99%
100
15%
16
200
'
85J/a
Mar 12
115% Jan
White Sewing
7%
Jan
27% Jan
50
50
Instrument
Elec
2,000
31%
*7
7%
77
109% Jan
No par
preferred
partio
4,800
10
28
106
—-No par
Westinghouse El & Mtg
9%
85
Jun
Feb
87
8
Teleg class A.No par
White Motor Co
9%
*84
25%
78
28%
27%
85
300
•23%
*22%
-
9'%
9%
9%
*6%
7%
35
88%
85
31
10:
22'% Jan
41% Mar 22
$4.50
40
105%
20
30'/a Jan
$4.25
35
27%
iv*
*84
-C
74
*103%
28% Feb
64% Jan
Weston
35%
27%
26%
9%
84
84
85
r74
23%
*22%.
27%
27
28%
27%
*84
73
103%
Jan
6%
2
101
100
A
series
Westvaco Chlorine Prod
34%
.88%
'88%
23%
103%
35
33
34 Vb
33%
35%
*67
105%
*103%
103%
103%
73
*67
73
*70
74%
105 7/a
11% Mar
.23% Mar 26
'
'
*70
*103%
3
100
120
>
22%
23% Mar 19
170
109
Apr
20
100
400"
V
28%
15%
100% Jan
Maryland Ry
2nd preferred
300
/'-U. /:'
33%
28%
160
20
2
100
H
non-cum
Westinghouse. Air Brake
r.
__
24 % Feb
10
Western Union
6,800
Aug
Mar 26
No par
Class B
—
25
Jan
par
Inc—
5,400
>
Apr
; ..84% Jan
Supply Go
Preferred
«1.700
II
124
123%
Lines,
8,800
II
%
Western Pacific RR Co com ..No par
I 5,600
29 '
Dec
22
Mar 12
27
,13% Feb
4%
27%
28%
July
36'/a
45
-
'2,800
__
45%
27%
29
110%
*109
—
—
45%
112
112
.
45%
27'%
28
148
147
33%
*34
45%
'
123
120
- 124
44'%
*26'%
>
28%
3,900
- i
•
75
27%
28
■
—
39%
76
45
.
*26%
27%
1.123
.<
.
-
37%
V 20%
20
'
.28%
—
6
19%
Air
Auto
15
Feb
24
.—i.1
Corp
preferred
Western
Western
Apr
22%
9% Mar 26
West Va FUlp & Pap Co
40
May
ll'/a
20
30% Jan
,
1,500
18%
31
62
14
No par
No par
preferred
—
100
preferred
;
-.100
West Penn Ppwer 4%% pfd—.100
6%
14
15% Feb
35% Feb
20
170/.
-
66% Feb
1
Indies Sugar
Jun
30
Mar 27
24% Jan
2
,
No par
1
Mar 26
13
8%
120
111
18%
*5%
15
Eisenlohr
7%
130
24
*110%
57% Jan
West Penn Electric class A—No
'
17%
13
300
*
_
117%
*23%
2% Feb
Wesson Oil & Snowdrift:
'
105%
2'% Aug
2
3
Webster
West
1% Feb
1 '/a Jan
Waukesha Motor Co—
ia
111%
*1G4%
37%
21V4
Washington Gas Lt Co
8,400
11% Mar
11% Mar
No par
No par
Fdy & Pipe
1,200
II
Jan
2
Wayne Pump Cd
103'/*
8
9% Jan
$4 eonv preferred_i
24%
10 '/a
50
Warren
86
Jan
ll'/4 Feb
—5
7,200
—.
7%
2
B
1,600
__
25%
.
Nov
14
8% Jan
Warner
700
/
__
.
103'%
111%
117%
*110
—
24%
104%
23%
18%
18
18 «/2
18%
9%
25%
111%
*117%
111
110%
110%
*110
9%
104 %
104%
23
23
35%
x20
20% Feb
No par
200
20%
35
Jan
4
cl A
200
?
:
„
17%
19'/* Jan
$7 preferred
Bros Pictures
400
26%
20%
■
112%
'112
112
117%
23
Class
12,600
—
*101%
24%
103
103
103%
*25%
*83'%
85%
24
24%
105 %
117V2
Ward Baking Co
5,600
■&;.
30%
26%
9%
26
'83%
86
117%
106
*29
25%
9%
9%
25%
'105%
106
23
9%
26%
112
2%
13%
35
34
*101%
104%
'
Nov
24
20
No par
9,600
__
400
62%
21
20%
34
23%
24%
"
—
(?8
68% Feb
No par
Walworth Co
share
Feb
No par
& W
G
■',/
48
61% Mar 27
preferred
Highest
X per
I per share
X per share
share
1914
Lowest
„
No par
(Hiram)
Div redeem
10%
2%
Walker
300
v
I per
Par
600
__
10
Lowest
Shares
20
13%
25%
25%
25%
25%
33%
*84
62%
share
Year
Range Since January 1
Highest
STOCK
YORK
EXCHANGE
'
20%
26
%
*61
;31
20
91/4
26%
24%
*29
30'%
34
9%
-
t
33%
3S
35
•/
20
;>
20%
20%
*
9%
*93 4
9%
9%
62
*19%
9%
13%
61
.'V
13 %
t
19%
X per
share
per
62'/a
2%
1%.
61
X
62%
19%.;
9%
10
the Week
per snare
9%
9%
9%
10%
I.:
Sales
Mar. 20
*19%
61%
61%
19"%;
*9%
share
X per
per share
63
G3
*19%
V
C
per snare
x
Range for Previous
STOCKS
NEW
tor
Friday
Mar. 29
Mar. 28
Mar. 27
Mar. 26
Thursday
Wednesday
Tuesday
Monday
Saturday
Mar. 24
RECORD
AND HIGH SALE PRICES
LOW
,
1443
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161
,———
Total
-
546,000
Holiday
$701,000
'
Holiday
Jan. 1 to March 30
Week Ended March 30
4,327,720
Total
$1,146,500
$29,593,400
1945
1944
1,277,760
1,083,700
31,255,938
16,581,635
$2,437,000
Stocks—No. of shares
$3,586,000
$42,045,000
$52,607,000
108,000
19,203,000
1,603,000
23,000
312,000
237,000
$3,717,000
$61,560,000
$54,447,000
Bonds
Jan. 1 to March 30
Week Ended March 30
4,327,720
Stocks—No. of shares
#
1945
1944
1945
*
62,555,204
98,778,803
5,071,110
Domestic
1944
$1,816,350
$1,763,650
$97,500
$183,500
1,146,500
Railroad &
701,000
Foreign government
TotaL
30,431,500
705,482,700
923,569,800
$53,922,100
$737,677,850
$3,169,000
Total:
27,042,000
52,122,600
$30,858,400
—
1,702,000
29,593,400
industrial!
V
31,000
Foreign corporate.
Bonds
U. S. Government
$952,428,150
Obligations Of Governmental Agencies
Ask
Bid
Federal Land Bank
Federal
.085s
Home
July
Loan
16,
Bank—^
1945
Slock And Bond Averages
Below
on
are
the
0.75%
b0.90
3%s
daily closing averages of representative
100.7
1955-1945
30
20
Total
10
Indus¬
*
stocks and bonds
Co.
First
Second
Grade
Grade
Utili¬
Bonds
Utili¬
65
ties
Stocks
trials
Ralls
March 24——
154.36
51.00
27.52
57.23
107.26
115.20
95.29
109.16
106.73
March 26—
152.27
49.72
27.09
56.27
107.20
115.00
94.45
109.22
106.47
March 29
Rails
.
50.03
27.21
56.51
107.36
115.14
94.54
-109.19
50.40
27.37
56.89
107.09
115.05
94.95
109.21
106.58
154.08
50.56
27.48
57.03
107.05
115.09
95.26
Holiday
3s
Canal 3s—
United Stales Treasury
Rates Quoted
Bid
106.57
153.79
;
152.78
—
102/*
.-—1948
1947
1681
102 %
102%
104%
104%
133%
134%
40
ties
Rail¬
-
103.4
102%
Issues
U S Conversion 3s
U S Conversion
102.5
103.2
Total
10
roads
March 27
Other
Panama
trials
.March 28—
t,
100.23
102.3
1956-1946
195«-1946
1,
Mav
Ask
100.22
10
Indus¬
Date—
Jan.
-100.8
-Bonds-
10
IS
3s
2%S Feb. 1, 1955-1953
the New York Stock Exchange as compiled by Dow, Jones &
-Stocks-
March 30-
-
Federal Land Bank Bonds—-
Bid
Bonds—
1955-1945———U
3s July
$n
listed
1944
:
1945
Holiday
109.24
106.66
Treasury bills—
are
0.28%
May
b0.375 0.32%
May
31,
June
7,
April 5. 1945——.
April 12, 194519. 1945—
b0.375
0.32%
April 26, 1945—
May 3. 1945—
b0.375
0.32%
10,
1945.
1945—
1945-
24,
b0.375
May
Bills
purchase
May 17, 1945—
•
April
tor discount at
Rh)
Ask
June
b0.375
0.33%
June
b0.375
0.33%
June
1945—
14,
21,
28,
1945—
1945.
1945-
b0.375
Ask
0.33%
b0.375 0.34%
b0.375
0.34%
b0.375 0.35%
b0.375 0.35%
b0.375 0.35%
b0.375
0.35%
COMMERCIAL & FINANCIAL CHRONICLE
THE
1444
Bond Record
T
FRIDAY
•
•
.
New York Stock
ifii
^
.
^
Monday, April 2, 1945
WEEKLY
'
.
YEARLY
'
.
,
Exchange
".
•
■
"
.
,
•
-4
■
week
the
The italic
''
J'
'
■
"and
are
for
interest"—except
defaulted bonds.
and
Income
Sutside
Cash
RANGE
and deferred
FOR
WEEK
ENDING
MARCH
^
3ft
i
BONDS
York Stock
New
S.
Last
1947 1958
33As—;
Treasury 3Vbs
Treasury 3%8.
1946 -1956
M-8
Treasury
J-D
—
3-D
—
J-D
36.
1946 1948
3s
1951
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.1943
Treasury
J-D
Treasury
Treasury
Treasury
Treasury
2s
Treasury 2s
—
__
—
US
*„
J-D
US
J-D
1963 -1968
——June 1964 1969
Dec. 1964 ■1969
1965 ■1970
—
—
J-D
1948
1948
1949
1949
1949
1950
1950
1951
J-D
103.11
103.20
103.20
*110.11
110.13
*103.4
103.6
103.19
111.4
J-J
:
J-D
__
J-D
112.10
J-D
__
_
1951
J-J
1951
M-S
__
1951
j-D
__
•1952
M-S
1952
^
M-S
■1953
113.11
__
j-d
102.4
j-d
J-D
-June 15 1948
113.2
ei02.4
—
1945 1947
York
New
Unification
Transit
J-D
tS
1980
M
series
J-D
23
No.
24
107.14
s
100.28
5
100.18
100.17
110.11
101.12
101.9
101.14
19
101.25
100.10
3^
102.4
100.15
2
110.11
101.12
102.2
100.18
101.14
102.16
100.30
107.29
107.19
107.26
103.26
m-s
1977
m-s
F-A
87
100.27
9
1976
1973
1984
I960
101.29
102.10
102.9
100.13
a
101.21
106.29
194
1127a
122
'
Members New
Telephonev
120
1963
Cuba
Teletype
NY
Agricultural
Ss
Mtge Bank
(Colombia)-—
AGtd
sink
fund
6s
1947
P-i
*63
61
G6
AGtd
sink
fund
6s
1948
l-O
*63
62%
67%
Akershus
(King of Norway)
AAntioqula
4s
coll 7s A
(Dept)
1968
M-S
1943
*73%
J-J
36%
17
35
38
37'/a
7
35
38
37%
5
34
37%
f 7s series B
1945
J-J
s
f 7s series C
1945
J-J
A External
s
f 7s series D
1945
J-J
s
f 7s
1957
A-0
*31'/a
f 7s 2d series—1957
A-O
31%
External
A
AExternal
s
sec
sec
s
1st
series
f 7s 3rd series__1957
4'As
37
*31%
*89'%
1948
U-N
1971
loan 4'/a8
U-N
S
f
8
f extl
conv
loan 4s Feb
1972
f extl
conv
loan 4s Apr
1972
v
A-O
Australia
(Commonw'lth)
External
5s
of
5s of'25-1955
1927
s
f 6s
External
s
f 7s
IA Brazil
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal
s
M-S
M-N
101
M-S
t 0%s of 1926
97
90%
97%
21
99%
12
56
95%
103
1
100%
102
•
101%
102
100%100%
*106%
*64
o
J-D
62
100
4
62
(Int reduced to 3.375%)
'
AExternal
s
f 6'/as of
1927
Stamped pursuant to Plan A
(Int reduced to 3.375% )
:
'
A7s
(Central
Ry)
1979
A-0
1957
3
57%
1979
A-0
1952
58
62
62
62
"IV '
J-D
—
.
(Int reduced to 3.5%)
J-D
68
64
64
—
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (PlanB)—
t 3%s Series
No. 1
A-0
..
5%
o
653/4
65
52
58
59%
2
65
66%
54
Iv'
.
:
3%s
Series
No.
Series
No.
57%
Series
No.
Series
No.
5—
Series
57%
57%
571/4
57
,
3%s Series No.
3%s
57'/4
__
i
4
3%s
i.
57%
__
3
3%s
3
'
..
...
__
No.
57
60
__
No.
Series
56%
No.
3%s. Series
*56V4
__
Series
3%s
*56%
No.
3%s
Series
Series
No.
3%s
Sereis
No.
3%s
Series
No.
3%s
Series
*56%
No.
3%s
8
17%
'i*!.
■&£'?*;
*17%
163/4
163/4
30
30
73%
W/a v.74-v
••
3
73%
73%
50%
52
m-n
No.
56%
t
"563/4
—
3%s
Series
.
—
No.
3%s
Series
*56%
No.
563/4
—
-
For
footnotes
see
57
*56 %
No.
Series
page
1448.
77
55%
46
41%
43
42
80%
82%
80%
37%
843/4
22
*35'/4
42
72%
29
A-O
83%
31%
*82%
41
51/2S
(Rep of) 8s
ser
A_1951
1952
j-j
1955
A-O
1942
105%
108%
110
110
110
111
155
155
154
155
72
82
*82i/s
90
86%
90
45
94
86%
86%
fund
5%s
5%s 2d series
(Republic of) 7s
(Rep of) ext 6s
French Republic 7s
7s unstamped
m-s
a-o
*1003%
1969
A-O
95%
11
77
88
*101
A-O
80
*100%
m-s
91
6
A-O
1961
*101
100% 1003%
100%
j-j
*50
60
1945
m-s
98
98
j-d
108
108
5
101
1
1949
100%
100
__
1967
stamped
79
811/4
*100%
1940
1940
1969
sink
74
89%
93
F-A
1962
108
106% 106%
A-O
1942
108
44%
1949
60
98
--
98
106% 108
Government—
part
part
paid
paid
(Republic)
Helsingfors
1964
:
20
19S8
f 0s series A
s
(City)
ext
Irish Free State extl
s
19
1952
6%s_—1960
f 5s
20
A-O
19
16%
19
99
a-o
*82
-
85
233/4
96
V;
25
14%
99
99
82%
100 %
86
5.G60
M-N
AJugosIavia
1957
A-O
AMedellln
1954
J-D
32
32
Mendoza
1954
32
3-D
*94
98
34%
94
95%
101/4
10%
Mexican
(State Mtge Bk) 7s
(Colombia) 6%s
(Prov) 4s readjusted
*22
26%
(US)
to
assented
Nov.
5,
1943
1942,
Nov.
5,
1942,
AAssenting 4s of 1904
AAssented
to
Nov.
to
Nov.
"q-j
Q-J
5,
1942,
agree
1943
5,
1942,
7-D
11%
*19
*18%
agree
1954
AAssenting 4s of 1910
AAssented
*9'%
1943
•
—
.
~
■
18%
17%
5
16
17
12%
12%
5
10%
131
IO1/4
10%
11
17
17
14
17
agree
18%
171/8
12%
10%
1-3
27
*12
agree
1943
extl 5s of 1899 £
AAssenting 5s of 1899
to
M-N
102
12%
Irrigation—
A4%s stamped
AMexico
'103 5%
17
4
9%
v
11
'17-
16
12%
ft
'Ji
!li«fill"
14%
ii-.ti
ih
/
■
.
:
ti-'JoiaT
.
61%
52
61
52
61
60
72
2
.
6
-
V2\
—
*56%
■
53
-
——
2
57%)
/
7
60
1
——
60
60%
60
57
9
__
-
r.ARL MARKS
59%
60
51%
60
FOREIGN SECURITIES SPECIALISTS
61
51%
51%
-
,b}SN 'hi'.
FIRM TRADING MARKETS
61
52
52%
60
59
__
56%
SECURITIES
59
51 %
61
51%
59'/4
a'
vtio.:
■jDiitiC't
60
523/4
513/8
57
57
.Jit'.- Ji'b
FOREIGN
59%
51%
513/s
—
563//
._atr,inacfob
61
52
*56i/4
*56%
3%s 8eries No.
3%s
'
41%
78%
M-N
76
69
48%
*42
m-n
30
88%
1
63
*42
82%
17%
26
*42
F-A
18
16%
v-
6
73%
51%
A-O
&
*2
18%
18%
173/8
■■'Civ.
30
•
18%
17%
17%
17%
61
52
3
•7'
—
59
52
4
58
60
17
/
57
*57
__
_____
3%s
18%
18%
181/8
For Financial Institutions
2
3%s
—
18
18
173/4
*17%
*16%
*17%
—-
.
*57
18%
17%
2
—'JV-'
Stamped pursuant to Plan A
;'<•'
,
18%
'
j-j
j-d
19%
18
17%
—
17%
17%
*16%
57
funding bonds of 1931
19
17%
-
1
59%
52
10
——
17%
*18
IV/z
j-d
AAssented
58
18%
173/4
6
19
18%
18%
17%
A-O
1951
Customs Admin 5%s 2d series
5 %s 1st series
A 6s
18%
19%
173,4
-1
*16%
J-J
§A2d series
A 7s
;;
V'-
—
1901
..1953
External gold 4%s
lADominican Rep Cust Ad 5%s
§ Alst series 5%s of 1926
Haiti
.•••""■
f"
10
•
18%
1945
wks
A Assented
60
57%
/, /•
*57
—
1978
'
52
6
Stamped pursuant to Plan A
y
66%
53
63
*57
A-0
106%
59%
66
101%
105%
Stamped pursuant to Plan A
-
105
100'/a
.-.
58
___
A-0
106
101
J-D
1957
101
90
25
103% 104
J-D
1978
95 V
25
102
J-J
1941
9
96
96
104% 106
104
1953
(U S of) external 8s
100%
A-O
ig52
ASinking fund 8s series B
IA Denmark 20-year extl 6s
External gold 5%s
Greek
■
18%
18%
18%
—
1953
Finland
100% 102%
19%
18
18%
19
''
18%
j-d
33%
5
17%
18%
1977
30
91
19%
debt
AEstonla
86%
18%
18%
'107
33
91,
2
I'"'"
s108
33%
351/4
193/4
18%
m-s
30
95%
106
1959
37%
195%
17%
F-A
30
95%
1949
external 6%s
External
100
95%
1958
External g 4%s of 1828
Belgium
100%
34
173/4
18
20
w—
1949
35
-
J-J
1957
3
193/8
18%
1949
31%
101% 101%
F-A
S
conv
37
A-0
Antwerp (City) external 5s
1958
Argentine (National Government)—
S f external
36%
3-D
A
37%
80
36%
s
External
A External
79
371/8
A External
A
86
193/4
19%
18%
'■///■
18%
4%s
A Czechoslovakia
Municipal
47
17%
18
18%
external
4%s
105%
1051/2
18%
loan
A Public
Govt.
1901
1947
Sinking fund 5%s
Foreign
j-d
1940
(Rep of) 7s
(Republic of) 5s of 1914
External
1-1693
M-S
1947
Rica
•
18%
18%
1970
.
>
36
2-
m-s
i960
ASinking fund 7s of 1926
ASinking fund 7s of 1927
Copenhagen (City) 5s
25-year gold 4%s
106%
104
-
—
m-n
1931
Jan
—.w';.
1023/4
104
•
60
20
■''
m-n
i960
1927
106%
■
'
1053/4
18%
18%
A-O
196a
of
102%
102%
102
*17
18%
j-d
1962
Oct
108 s/8
.
'•
A-O
1901
1928
111
106%
187/a
«p',-
j-d
1901
of
109%
8
1
18%
j-d
1961
A 6s
York Stock Exchange
/
m-n
1961
(Hukuang Ry) 5s
(Republic of)—
63%
8
'
.■
18%
—
j-d
1957
Cons Munic 7s
63
""'it
m-n
1963
1957
3s external s f $ bonds
AColombla Mtge Bank 6%s
Broadway, New York
92
-V
A-O
A 6s
REctor 2-2300
83
A-O
1962
2
'
A-O
1962
88
90%
*39%
ys
assented
ACosta
—/'V"*".
MS
sinking fund 6s
88
80%
:' d
j-j
A6s assented
WERTHEIM & Co.
•
A-O
1901
AGuaranteed sink fund 6s
Foreign Securities
—
18%
1961
AGuaranteed sink fund 6s
Chinese
—
II
1961
87%
'
8
5
*1051/4 105%
'
U-N
Sep
Sep
80 3
v
87%
105% 105%
"1021/e 102%
j-j
A 6s assented
a
,•[
■
U-N
Jan
80%
19
:
*105% 106
&,
F-A
assented
Colombia
105%'
.
j-j
1961
100%
yl02 %
,
'
12
1
/
1081/4 108%
j-j
Jan
f 6s
s
^'■'
•
873/8
88
110% IIO3/4
;''i:
F-A
61/2 s assented
A 7s
1958
1981
assented
A Chilean
95%
101
r
■
100
'
J-J
1961
A6%s assented—;
120% 121%
1953
Feb
ASinking fund 6%s
City
Issue—
Corporate Stock
29
102%
*63%
110%
J-J
Feb
AExternal sinking fund 6s
100.10
97%
90%
1960
AChile Mortgage Bank 6%s
A
121%
6s
assented
A 6s
*101.24 101.26
1
100%
86
"
U-N
i960
fund
sinking fund 6s
A 6s
59%
86%
1942
7s
assented
68
59%
53
t
*91
j-j
1948
59%
52%
4
——.
100
>
51%
——
57
■Vn86
1954
f
s
assented
AExternal
102.12
101.9
19
100
•• '4
.
194a
sinking
A Extl
10oIl7 102~9
4
"
102.12
*100.8
15
8s
External
Any external
102.15
100.25
el02.4
15
assented
A 6s
102.19
102.4
15
Jan
(City)
(Rep)
A6s
;
102.10
102.4
1967
1968
3s
Jan
A Extl
■
102.9
102.9
3s
AExternal sinking fund 6s
♦102.17 102.19
*102.8
3%s
Jan
A 6s
59
56%
-
j-j
102.19
102.19
101.29
102.20
*102.17
*102.17
59 Ys
*102
A-O
1961
f $
s
(Dom of)
A Chile
104.24
^2,
j-j
30-yr 4s
external
^7s assented
104.24
60
59%
51%.
m-n
bonds
103.31
104.21
:
A-O
ACarlsbad
102.26
102.12
*102.18
f 4%-4%s
s
2 %8
3s
108.21
51%
52
1
87%
1976
f 4%-4%s
s
3s
102.9
5
3
100
1961
stamped
25-year
30-year
30-year
102.19
*107.27
*104.19
M-S
F-A
Canada
102.3
101.9
*102.14
56%
56'/4
3%
101.19
101.15
60%
563/4
*56%
External readj 4%-4%s
External s f 4%-4%s
102.7
60%
51%
(Province of)—
Refunding
10
*102.10
—
J-D
External
51%
56%
*561/4
■
1958
a6s
60
15
~'
563/4
56%
-r
gold 6s
513/4
56%
/
—
1
1950
fund
Buenos Aires
563/4
*57
...
1957
60
3
•56%
—
,
f 5s
61
52
56%
56%
56%
'
■
29
(City)
'
— ——
30
Brisbane
High
513/a
70
563/4
»
28
No.
?
-*56%
*'
.
25
No.
January 1
Low
*561/4
'■■''•
r->»~rr
27
Series
Sold
No.
Low
•
irnn-t-,.'
'
Sinking fund gold 5s
102.7
*108.19
■'"'•
Sinking
"5
Bid & Asked
:.;;V
26
No.
No.
108.14
101.15
No.
Series
105.21
102.7
No.
Series
Series
*105.11,105.13
*105.19
Series
Series
3%s
101.17
Owners' Loan Corp—
1 Vis
No.
Series
3%s
106.4
107.14
*106.27
*
J-D
Series
3%s
114.2
107.4
114.11
107.14
__
J-D
22
3%s
112.23
*102.17
M-S
—1951 1955
June 15 1952 1954
Dec 15 1952' 1954
1953 1953
21
No.
3%s
113.7
112.21
*103.28
__
No.
Series
3%s
'
Range Since
'
.
110.15
113.3
102.9
MS
1950
110.14
110.14
*113.1
M-S
1950
Series
3%s
106.11
*110.12
Sale Price
Bonds
—
20
3%s
101.17
106.6
* 103.24
—
—
No.
3%s
114.3
101.11
106.1
101.12
M-S
J-D
112.27
101.5
*105.31
__
M-S
11
113.25
*101.3
101.11
1
Series
111.9
*101.15
(Continued)
3%s
103.19
111.30
Thursday Week's Range
Last
or Thursday's
Interest
High
bonds
$
3%s
*111.28
110.11
J-D
—
—
*103.9
*106.2
Exchange
(Continued)
External
103.27
__
M-8
—1966 •1971
1967 ■1972
1951 ■1953
1952 •1953
1954 •1956
1956 ■1959
Mar
Dec
Jun
Sep
Dec
March
Sept
103.25
*114.9
Stock
Period
Brazil
High
109.24
103.8
102.7
•
Low
'•'103.6
*113.9
York
January I
109.15
*108.12
US
Low
"log.13
—
M-S
1962 -1967
Treasury l%s
Home
3%
—
J-D
1950 -1952
—
Treasury
—
US
.1947
Treasury 2s
—
J-D
.1952 -1954
Sold
NO.
113.24
—
US
__1956 -1958
2s_——
2s
2s
2s
2»
Bid & Asked
New
Range Since
109.24
M-S
US
.1948
2s
2s
2s
Treasury
—
J-D
Treasury 2s
Treasury
—
M-S
1949 -1953
Treasury 2s
Treasury
1955
1955 -1960
1945- 1947
1948 1951
1951 -1954
-1956 -1959
1958 •1963
1960 -1963
2%s
2%s
2%s
2%s
2%s
2%s
2%s
2%s~
2%s__
2%s_.
2'/2s
2%s,
2Vis
2Vis
2%s
21/282%s
2'/2s
?%s
2'/2s—
2'As
2JAs
2Vis
2'As
Treasury
—
..1946 -1949
Treasury
Treasury
—
,.1949 -1952
Treasury
Bonds
Thursday's
High
Sale Price
A-O
Treasury
or
-
Government
Treasury 4 Via
BONDS
Thursday Week's Range
,
.
Interest
Exchange
Period
V.
'
■
delivery sales are disregarded In the week's range, unless they ar« the only transactions ol
when
of the regular weekly range are shown In a footnote in the week in which they occur. No account U taken of such sales in computing the range for the year.
;
letters in the column headed "Interest Period" indicate in each case the month when the bonds mature-
Prices
and
'
\
.
wnTirp
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
Teletype N. Y. 1-971
■
t\
COMMERCIAL
THE
Number 4373
161
Volume
■
& FINANCIAL
CHRONICLE
1445
y
YORK
NEW
FOR
RANGE
Interest
Last
Period
Exchange
Stock
York
MARCH
ENDING
Sale Price
Bonds
Thursday's
or
Bid & Asked
No.
High'.
January 1
High
Low
,
Mexico—(Continued)—
1913 assent
5 £ Trea&ury 6s oi
AAssented
Mlnaa
■•'i.
Nov.
/-J
1933
1942,
5,
agree
Railroad
*22 Va
*18
__
external
M-S
1958
f 6%s
s
t 6%s__
a
'J1,
*
„
M-S
1909
42%
..
A 6s
Wales
External
118
sink
External
sink
M-N
*105
'
■
—_
.
;
"
"V
•>*-
A-0
1956
MS
101
1965
1963
A-O
*99 Va 100 %
4%s
fund
loan
F-A
101%
••
' ;
—
York
New
Stock
Exchange
Broadway
61
v.
New York 6
*
Telephone—DIgby 4-4933
\
„
99
101%
BONDS
100 %
t--*
98%
10
98 %
99
68
88
Atlanta
88%
91
1st
Thursday Week's Range
99%
99
101
New
Stock Exchange
York
Interest
Last
Period
•
Sale Price
or
sink fund 4Vis
(City;
APanama
A
mod 3Vis
ext
*92
reduced
J-D
7s
96%
M-S
1967
1947
APeru
extl
Loan
§ A Poland
f 6s 2d
s
*105%
JJf-S
105
21%
20"%
21%.
*25
A-O
A-0
*31%
Stamped pursuant to Plan
(Int reduced to 2.375%)
A-O
J-J
J.J
*__
M-N
*55 Vi
F-A
1947
104
F-A
44%
(City)
Paulo
45 Va
39%
39%
41.
45
42 Va
39%
*__
40
36%
UN
f
42
42
39%
43 Vi
*__
36
'
*__
94 Vi
M-N
94 Vi
90 Vi
95%
46 Vi
42%
45%
39%
*43%
M-N
39 Vi
s
39%
~3
37%
48
*_:./
47
.?
41%
:/•
-
39%
*36
A-0
73%
A-0
*67
*23
J-D
32
F-A
103
103
M-N
1978
74%
69 Vi
Consol
mtge
3s series G
mtge
3 Vis
series H
1966
Bklyn Union El 1st gold 5s—...,.1950
Bklyn Union Gas 1st cons gold 5s_1945
Bklyn Edison cons M 3%s
lien
ref
&
45
43%
40
42
A Certificates
Bush Terminal
64
;
debentures
debentures
J-D
5
83
77
15%
Stamped
Conv
Conv
Atl
of
•
22
20/
15%
Elec
Canadian
26%
100
103
For
J-J
105
106 Va
105%
106 Va
6
104
106%
102% 103%
mrnrn
102%
30
98
103 %
733/a
F-A
M-N
108%
60
70%
66%
24
633/4
108 % 108%
74
743/a
633/4
M-N
6
107%
100
100%
F-A
;"'!"
;
^
100 37U
M-N
■'.*106%
'
7. 100/a
V
•'''1
*104%
103
100%"
"7
,
100101A
2
108% 108%
v'
5
109 U
." 107%
108%
106% 106%
10
105s/a
107%
3
109%
110%
"
109li 109! 4
V'
106%
110% 110%
-
■
--
--
109
733/4
85%
51
31%
..
76 %
78 %
34
333/4
35
*__
„
A-O
36 Va
"
J-J
A-O
1957
Oct 1969
1970
1955
1956
1951
5s
gold 5s
Guaranteed
gold
gold
4%s
gold
4%s
4%s
Canadian Northern Ry deb 6%s—1946
75%
88
84
72
82%
78%
87
70
Carolina
22
Cart &
13
18%
Celanese
CanYac Ry
deb stk perpetual
trust 4%s___
......1960
4%
Collateral
tfACarolina Central 1st gtd 4s
Certificates
of
Clinch
Adir
deposit
&
1st
91
91V4
10
92
102% 103
103
,-v:
97 Va
92 Va
103
*
.1949
107'/a 107%
116
J-J
120%
116
116%
120%
117% 117%
5
116%
117%
J-D
118
3
116 %
118
118
116%
121%
A-0
119%
119% 120
"i
115%
120%
F-A
115
114% 115
9
112%
115
106% 106%
1
106%
107%
102%
102% 102%
49
96%
103 Va
103 Va 103%
8
103%
105%
107%
113%
111%
113%
108%
110%
*121
J-J
J-D
F-A
M-S
121%
*112%
J-J
*108% 109%
M-S
1981
1962
1955
gold 4s___il948
1st
117%
24
—1965
F-A
Ohio 4s
P
107%
112
______
gtd gold 4s
U
108
103%
1
120% 120%
•
J-J
80
•U;**-.,
80
104% 106%
J-D
of
106%
6
J-J
J-J
Branch
116
'
92
90%
106 %
104%
73
76%
92
83%
104%
103%
29
*103% 103%
76%
78
6
78%
Georgia Ry—
Nov
mtge 5s
1945
F-A
11
86%
93
*
M-N
55
53%
55%
38
53%
65%
ARef
A-O
14%
14%
15 Va
46
19%
103%
ARef &
gen
A-O
14
'46
14%
13%
103
103'%
AChatt
Div
104%
AMobile
2
89%
__
161
&
1945
5%s series B
1959
5s series C
1959
pur money gold 4s__195l
gen
1st
Div
A5s
Illinois
1946
gold 5s
97
A4s
.1961
1987
registered——-.1987
103'%
104%
1987
Central Pacific
109%
108%
22
15
108
109%
120 %
119% 122
213
116
124%
4s
4s
108
11
108% 109
109
109%
1st gtd
N
Y
Power
Guaranteed
1st
—1974
3s
ref gtd
gold
31
14%
67%
1
63%
31
31
7
•29%
35
106%
108
*108
A-O
109%
99
98%
99%
31
96
99%
J-J
40%
39%
41%
98
38
47%
38%
37%
40
271
36%
44
35%
37
27
*32%
37
J-J
34%
38
106%
109
F-A
108%
108% 108 %
17
107%
F-A
101
100
102%
93
96%
1974
F-A
109'/a 109%
5
108%
M-N
*83%
M-8
100% 100%
1st & ref series A
(4%%
to Aug 1
1949)_
103%
103% 103%
40
101%
104%
jACentral RR & Banking 5s stmp_1942
Certain-teed Prod 5%s A
1948
103 Vi
103% 103%
75
100%
103%
1
110%
115%
10J%
109%
85
85
87
Chesapeake & Ohio Ry—
110% 110%
413%
.38
103%
*106%
A-0
1960
...
72%
J-J
gold 4s_1949
5s
17%
13%
67%
J-D
J-J
registered.——.—1987
Central
103% 104
I960
Light 3%s
Eng
100
94
104
A-O
9
102 %
5 A Consol gold 5s
M-N
A-0
86%
*108% 109%
A-0
Corp 3%s debs
Celotex Corp 3%s debs.
AGeneral
M-3
35 Va
101 Va
105
93% 100
J-D
383/a
31
■
3
104%
96%
100
A-0
«._*•
...'
102% 102%
102%
104%
T
107% 107%
*97
110 3s*
103
__
103
*106
107%
75
.
104%
45
101
*103% 103%
103
80%
108%
'
78
3%s
M-N
Jan
83
99%
Q-J
M-S
.
General
M-S
107
M-N
102%
17
5
1946
J-J
*103
gold 4s„—1989
J-J
*128%
—1989
1949
J-J
*125
Potts Creek Br 1st 4s
:
52
104%
107
102% 103 %
49
102%
103%
106% 107
2d
lmpt M 3%s series E
consol
107%
22
105% 105%
105 Vi
cons
106%
2
105% 106'/a
99%
1st
144
105
104'
143% 143%
Ref &
Ref & impt mtge 3Vis D
Div
140%
M-S
100 Vi
A
103%
F-A
87%
94
105%
100 3/4
M-N
71
*104%
3
1992
1996
1996
gold 4%s
87
gold 4s
tACl.lcago & Alton RR ref 3s
A-0
37%
35%
103
37%
103
1283/4
—
1283/4
44%
32
335
Chicago Burlington & Quincy RR—
General 4s
1995
AO
131 Vi
131% 131%
21
129%
132
1995
1995
Nov
121. Vi
120% 121%
6
115 Vi
121%
1st &
M-N
121 Vi
121% 121 Vi
9
117
122 %
Chicago &
1955
J-D
1955
1909
J-D
1960
1946
1910
gold 5s
1st
104
106% 106%
*106% 107%
'■
J-J
105%
1073/4
,
4s_.
page
'
"
gold 4%s
gold
Guaranteed
Guaranteed
M-8
1975
...
see
2
106% 106%
107%
104
105%
5
'
—1964
due
1905
footnotes
1013/4
1063/4
2
>
107% 107%.
A-O
[11952
Power
National
Guaranteed
A 1st
& Santa Fe—
gold 4s of
!•
A-0
R &
4s
Knox & Nor
107%
M-N
32
(Del)—
gold 4s of
Conv 4s
1013/4
101%
—
9
1968
22
*140
M-N
6s series A—1975
.
100%
y
,
M-N
Canada
18%
10
*17
M-3
AAnglo-Chilean Nitrate deb—
1967
Ann Arbor 1st gold 4s—
1995 >
Ark & Memphis Ry Bdge & Term 5s 1964
gold
*1013/a
104 Va
A Cent
1969
1950
1962
—-1969
debs
131 J/4
106
Calif Oregon Power 3VaS——...1974
Soucnern cons gtd 5s A___1962
27%
70
82%
*71%
F-A
—-——1961
3Vis
102 5/a
129%
*102
F-A
deposit-.
Guaranteed
25
96%
102%
9
76
27%
"**
82 Vi
Va
'vL—
104
..I960
12
105
I
103
82%
F-A
.-1949
3Vis
86
18
*'
LL '■
79%
17%
1
32
Telephone & Telegraph Co.—
Adjustment
96%.
*102 3/8
J-D
36
74 Vi
J-J
of
A-0
&
General 4s
953/a
99%
96%
?
1st 4s
1998
2030
Alleghany & West 1st gtd 4s
Atchison Topeka
86%
..1934
102%
series E
19
*■
Cedar Rap & Nor-
102
Income
953/4
-1957
JBurlington
102%
3 Vis
94%
106
1981
*102
cum
91
104
C—1967
A-O
mtge
57
130 V* 131
M-S
Elec 4%s B___
1948
(Subordinated)
99%
106
1969
Buffalo Rochester & Pgh Ry—
Albany & Susquehanna RR 3Vis—1946
1st
97 *
,983/4
F-A
M-N
tACentral of N J gen gold 5s
4 Vis
86%
M-S
_____
fACent New
Co
158
F-A
—.1969
mtge s f 3%s__-...
Central
&
99%
95%
.
—1947
series A
os
102
Armour
94%
,
.V
A-O
109
Wat Wks & Elec
47
92%
M-N
102%
Am
98%
M-S
100
3s
506
68
V97%
.
J-D
—1967
1st 5s A C_
series II
107%
deb
'
79%
.76%
--
-—1955
12
24%
82%
F-A
3Vis——1972
——
,
•65
673/4
-
M-N
4%s series JJ
1961
>
1st mtge 4s series RR_.
1960
Alnc mtge 4%s ser A
July 1970
f ABoston & N Y Air L 1st 4s
1955
5s
100
Co
i
J-J
102
Tobacco
70 %
79
78%
,
F-A
1959
1960
1965
*100
debentures
80%
55
76 3/4
A-0
*100% 102
3s
663/4
78%
M-S
1956
debentures..
2%s
A-O
Amer
90
87%
96%- V
tCentral
debentures
80%
84%
A-0
A-O
conv
66%
863/4;
/
M-S
J-J
3 948
3s
90
88"
79%
A-O
Buffalo Niag Elec 3%s series
66%
•
5
24
81
J-D
1978
Albany Perfor Wrap Pap 6s
6s with warrants assented
;
753/4
103%
'77%
78%
J-D
1951
50%
30
9
M-N
-1979
F-A
7
80 3/4
129
102
1951
stamped
4s
Beech Creek Extension 1st 3%s
43%
*100
82
J-D
American
1043/4
66%
103
953/a
4s s f debentures—....
37
37
*100
—1984
1958
1958
Foreign Pow deb 5s
Amer I G'Cliem conv 5 Vis
995/a
147
A-O
J-D
..1955
*100
M-N
—1947
Am
195
102% 103%
J-J
.
mtge
103%
103
1951
ref 4s
473/b
39
1
39%
*20
J-D
10-year deb 4Vis stamped
1946
Alabama Great Southern 3 Vis——1967
1st
98'/a
A-O
99
California
23%
23%
J-D
Power
184
105
•
J-J
37%
•
J-J
plain
1953
A Stamped
——————1953
Adams Express coll tr gold 4s
1948
Alabama
103%
.__1959
§ AlSt & coll 5s
*38
J-J
1979
1907——
46%
4
'
J-J
series A
Coll trust 4s of
50.
"103% 103%
Toledo Cin Div ref 4s A
1947)
Gen
Industrial Companies
and
JAbJtibi Power & Paper—
US
'
F-A
conv
readjustment
external 7s
(City)
40
95
1
40%
42
*42%
US
I;Z
48
M-l*
extl
A4Vis assented—
1
Feb 11960
due
42%
*42
—1964
3Vis extl readjustment
40
(int at lYa%
due..
1993
1946)
45%
-
bonds of 1937)—
extl
40
t
37%
50 Vi
1960
conversion-——
4-4%-4Vis
40
_July 1948
45%
37 %
*47 Vi
/-J
1958
1958
readjustment
External
External
3%-4Ve-4-fo
1
Buffalo Gen
—1955
1940
fund 6s—
J-J
1953
43%
*__
J-J
M-N
($
44
J-J
1st
———1962
A4Vis assented
V'i
h/
41
series B sec
sink
9
1950
1st M
36 Vi
:
A 7s
:
44
36
*
A8s
AExternal
44%
RR—:
ser C
gen
Boston & Maine
36
39%
40
44
Af-S
M-N
33/4S-4-4'/8%
44
1st gold
2012
1930
;
35
*41%
J-D
1957
f 5Vis
44
__1948
4s
Consol
(Kingdom; —
secured external———1962
s
J-J
Bethlehem Steel Corporation—
Consol mtge 3%s series F
35
Serbs Croats & Slovenes
§A5s
41%
40
J-D
1964
Uruguay (Republic; extl 8s
AExternal sink fund 6s
106%
1948
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2%s
1950
45
*38 Vi
J-D
1968
h/i A6s extl dollar loan
—;
*1968
Stamped pursuant to Plan A
(Int reduced to 2% )
2012
SASecured s f 7s——.
-1940
Stamped pursuant to Plan A
(Int reduced to 3.5%)
1978
8ydney (City)
105%
due
Con
49Vi
J-J
Railroad
41%
45Vi
1960
extl 7s
&
to Jan
49
Stamped pursuant to Plan A
(Int reduced to 2.5%)———1999
7s extl water loan
1950
AWarsaw
41
*47
1999
Stamped pursuant to Plan A
(Int reduced to 2.25%)——2004
A
46%
37
45 Va
39
J-J
of)
5
Pgh L E & W Va System—
> \
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%%
104 >':•
35%
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1999
A 8s external—-*———.——1950
(Prov
105 37a
1st 4s
gold 4s
A Conv
101%
A-0
1952
extl
105 37a
—
40
2012
8s
M-N
(int at 1% to
due
.2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
-1990
38
104
A
8s
(State)
109%
1952
Oct
Sep 1 1946)
45%
.
Stamped pursuant to Plan A
(Int. reduced to 2%)
Paulo
Ohio
&
mtge
Ref
*35 Vi
Stamped pursuant to Plan A
(Int reduced to 2.375% )—2001
A6Vis extl secured s
96%
Bell
tund 4s
sink
Fe external
109%
85
Stamped modified bonds—
1st mtge
gold (int at 4% to
Oct 1 1946) due
July 1948
Ref Si gen ser A (int at 1% to
Dec 1 1948)
due
1995
45
F-A
-2012
(Int reduced to 2%)
external loan of 1926
A Silesia
243/a
A
Stamped pursuant to Plan A ;
(Int reduced to 2.25%)
2004
A7s
municipal loan
1967
Stamped pursuant to Plan A
(Int reduced to 2.25%)_.—2004
A
36
14%
23
pursuant to Plan A
Stamped
ii;
247/a
/ 25%
A-O
1940
Stamped pursuant to Plan
(Int reduced to 2.5% )
external sink fund gold
104%
107%
Bangor & Aroostook RR—
A6s
|ASan
16
5
32
41
A-0
1948
1921
extl loan of
§ASan
24%
24
(State of) —
Rio Grande flo Sul
72
106
Ref & gen ser D
(City ol Greater; 7Vis—1952
Stamped pursuant to Plan
(Int reduced to 2%)__
Rarta
14%
■
__
24
*43
Stamped pursuant to Plan A
(Int reduced to 2.375%)
2001
AExternal sec 6Vis
—1953
A7s
'
*43%
1966
(State) extl 6s
de Janeiro (City of) 8s
108% 109%
107%
B
Baltimore
1st
'
32
•
60
22%
23%
„■
35
23 Vi
108 J/4
J-D
23%
"
''
'
107%
M-3
'
2001
Queensland
A8s
'
High
105
1
1964
24 Va
18%
18 Va
A
reduced
(Int
27
*29%
J-D
pursuant to Plan A
to 2.25%)
2006
Stamped
APrague
24%
J-J
July 1952
gold 4s
to Dec
7 Vis
loan
96
58
.
105
M-N
4%s A
mortgage
January 1
Low
No.
40%
19%
14
22
*22
1947
1961
A External
21%
21 Vi
A-0
Alegre (CJty of) 8s
APorto
A Rio
21
21 Va
gold 8s
A4Vis assented
■
21
A-0
—
fund
40 %
J-D
——1968
1950
-1963
sink
43
1963
Atlantic & Danville Ry
Second
Range Since
Sold
High
Ry—
Atlantic Refining deb 3s__
US
us
43
Line
1st cons 4s
unified
coll
L & N
Air
3%s
mortgage
General
105%
38%
43
1958 *
Vi s assented-.
A4
*40%
97
105%
j
-
/95
95
4
96%
•.w
Charlotte
&
Atlantic Coast
95
*35
^
.—1940
A4l/as assented
AStabillzatlon loan s f 7s
A External
4*
— —
1961
ser
gold 6s
of)
(Rep
—
1960
external 7s
s f 6s 1st ser
(Rep oi)
ANat loan extl
A Nat
96
2008
1959
2.125%)
to
•
*92
Stamped pursuant to Plan A
(Int
91 %
M-N
to
(State of)
APernambuco
*
M-N
series B
Ext sec ref 3%s
A-O
_1963
1994
Stamped assented 5s__
Stamp
*88
A-196J
extl s I 5s ser
(Rep;
J-D
1970
1958
Municipal Bank extl s f 5s
Bonds
Thursday's
Bid & Asked
Low
'
Oslo
Bell Teletype—NY 1-310
101%
97
5
101
98%
V97%
'
■
*101% 104
-
; •i
7
101% 101%
F-A
1958
4V2S
of)
extl
fund
*115
—1957
5s
(Kingdom
Norway
4s
t
8
118
PFLUGFELDER, BAMPTON & RUST
(State)—
f -5s
s
External
J-D
1959
A
series
South
37
Membert
1952
78
(City)
423/4
37
1
37
37
■
AMontevldeo
37
.
45
*40%
Stamped pursuant to Plan A
(Int reduced to 2.125%)—2003
5
423/4
37
42%
383/4
383/4
42%
Stamped pursuant to Plan A —
(Int reduced to 2.125% )-_-2008
ASec external
New
Reorganization Securities
(State;—
Geraea
A Sec
to
k
Range Since
Sold
Low
,
'
30
Thursday Week's Range
BONDS
New
BOND RECORD
WEEK
1448.
*111
J-D
♦
__
110%
,
10
111% 111%
*110'/a
J-D
*__
-
108
111
110%
111 %
110
110%
1st & ref 4%s series B
A Gen
ref mtge 3%s
J-J
114
113% 114
F-A
115
115
115%
1974
F-A
106
106
106%
111%
114
31
112%
115%
45
104% 106'%
15
Eastern 111 RR—
——1997
1982
J-J
West 1st 4s series A—1988
mtge 4%s
2038
J-J
mtge
Chicago & Erie
Chicago Gt
AGen
-1958
1977
inc
inc
(conv)
1st gold 5s
72%
J-J
70%
*134%
M-N
74
174
<
60
-
132
69
-
75
132
__
96%
98
17
903/4
68
71%
22
65%
100
75%
&
1446
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 2, 194^
NEW YORK BOND RECORD
RANGE
BONUS
FOR
WEEK
Period
Sale Price
Bonds
Sold
No.
Low
New
High
ARefunding gold 5s
B—1S47
series
—,1847
AReitiuuiug 4s series C
1st &
a
a 1st
gen
ft gen
,,,1968
May 1968
5s series A
6s series b
85
76
79
17
16
16
J-J
16
18'A
M- N
18%
Railroad
105
J-j
tChicago Milwaukee ft St Paul—
AGen 4« series A
—May 11989
J-J
108
106'A 108%
140
J-J
104'A
103% 104'A
49
J-J
111
109% 111 %
116
AGen
gold 3%s series B__Mayl 1989
4%s series C_.—..May 11989
4%g series E
May 11989
4%s series F_.
May 11989
AGen
AGen
AGen
tChic Milw St Paul & Pac RR—
AM^ge gold 5s series A——.,,-1975
AConv adjustment 5s
Jan 12000
*106% 107'/2
1989
1999
1st &c gen mtge 4s ser A
2nd mtge conv income 4'/2s
Plalnes Valley Div 4s
95%
Sioux
City & Pacific Div
110
111
72
40
96%
83%
86%
1.015
69
19%
21%
1.160
17%
of deposit
gold 4s
jASecured 4%s series A
AConv gold 4 %s—
102%
102'A
11
68 Vi
81 Vi
225
78%
87%
80%
82%
82
85
82%
82%
83
2
80%
M-8
51%
50
52%
1,024
47%
55%
58'A
253
52%
62'A
14%
15'A
228
A4s
56'A
M-S
56%
M-N
14%
J-D
Gen
J-D
*95'%
J-D
96%
95
J-J
5
96%
17
94%
83%
89
*104%
m-s
106%
94%
a-o
5s
102%
1969
13
Castings 5%s_
90%
1949
*111%
__
1st
107%
111%
J-J
92
89%
92%
147
83
84
83%
84'A
13
80
M-N
*121%
—
104
J-J
—
*107
F-A
*107%
A-O
101%
108
—•
1956
3-D
1947
3-D
121%
1217% 122%
135% 136
128%
127% 128%
1977
3-j
111%
1967
J-J
105
...I960
3-J
mtge 3%s series 1
3%&
ser
K__.
mtge
3%s
ser
L.__
Debentures
ctfs
Corp
1970
109%
105% 106
57
102%
78
V
76%
..
105
78
F-4
*114"
82%
103
7
104% 105'A
*107%
*110'/2
74'A
if "19
105'A
A-O
3'As———
3'As
Crane Co 2'As s f debs
1950
1955
-1942
_
Crucible Steel 3 Vis s f debs,,
IA Cuba Northern Ry 1st 5 Vis
&
ref
Term
M
5s
A
116%
103%
12
...
'
__
116
*110%
106%
A-O
102%
A-O
103%
..
—
*98
Delaware & Hudson 4s extended—1963
Ppwer
& Light
1973
3s
116
25
117%
105%
7
..
72
A-O
37%
36'A
38%
140
104% 105 Va
32
JAConsoi
gold
1936
—1930
4 Vis—
tDenver & Rio Grande Western. RR—
»
AGeneral s f 5s
1955
'*
A Assented
A Ref &
112%
106'A
4
107%
102% 103'A
102%
26
impt 5s series B———1978
103% 104
103'A
Edison 4s series
104
series
income 5s
Feb 1957
Gen ft ref mtge 3 Vis series G
15
105'/2
6
57
65%
J-J
60
60
1
;
;
58%
J-J
60
60
1
57
Af-N
*105%
M-N
108 'A
M-N
107% 108'A
*108
110
A-O
104%
108%
110
14
110%
103
107%
110%
4
102
58%
58%
85%
49
Si:
48
8
60 ./•
'
5
50'/2
52
'
'
71
•
51%
48
71
*67%
50%
85%
49
1
48
♦
*48
71%
——
•
•
-
'
71%
48%
50%
1077/a
J-D
Af-N
A-O
101
103
107% 108%
107
J-J
"103
a-o
Collateral
trust
.,1951
81
115%
1st
104
57
98
/14
106
62%
63
63
47
109
1
59%
61
8%
10%
119
5%
12
8
10%
526
5'%
10%
;
551/4
107%
55'A
58
106% 107%
109
55
J-D
109
108% 108%
52%
55
*30
Af-N
8
54%
19
106'A
63%
107%
109
106
108%
6
48
33
28
H
110%
15.
102%
107%
48
10
4|6%
107% 108
15
105%
48
107%
108%
1
1
103'A 103'A
*107
119
55
30%
A-O
j-j
80%
74
100'A 100'A
■vrv
101% 102'A
J-J
94
94%
102%
87
100
374
84%
"103% 104%
105
99
199 %
102'A
9
95%
87
87%
8
83 %
90
8 7'A
90
1
82'%
90
89
96
1951
J-J
*92%
1951
J-J
89
*99
Western Lines 1st gold 4s__
..1951
Registered
94%
—
103'% 103 %
103'%
"2
101% 101%
f-a
:
1st ref 5s
Joint
series
A
1963
1
99%
103%
97
101 "Va
88%
J-D
.1963
J-D
85%
1963
J-d
Ind 111 ft iowa 1st gold 4s
1950
J-J
tAInd & Louisville- 1st gtd 4s
1056
J-J
1st & rel 4ya&4series C^i
1st
ref
mtge 4s
ser
D___
a-o
A
Adjustment 6s series A^—July 1952
5
95
76%
80
—
"111
••
73%
-
3
77
105'%
75
—
93
89
82
106'%
79
„
106% 106'%
~1
J-J
72 3A
70'%
72 3i
/
106%
98
107%
62%
75%
a-o
30
29%
30%
61
28%
34%
^._.__1950
J-J
66
66
66%
22
58%
69%
.,1956
J-J
.
A4st
,
1952
85%
*64'%
M-3
ii
81 Va
105% 105'%
105%
Indianapolis UniOD Ry 3'/as
Alst 6s series A
199
*77%
Inland Steel
ser B.1986
1st mtge 3s series F..1961
tInternational Great Northern RR—
90'%
83'%
90
5s- series- B
1st. gold 5s seriea
AThternai Hydro: El deb- 6s__.___1944
68
18
83%
79
104'A
66
78'%
a-o
7
Internat
Ppper 5s series A ft B
i Ref sink fund 6s series -A
1947
J-J
1955
m-8
Int Bys Cent Amer 1st 5s B
1972
M-N
Int
1952
J-J
101'%
100% 101%
1955
f-a
104
103% 104%
58'%
74%
70
Telep ft Teleg-deb gold 4%s
Debentures
104
lAZowa Cent Ry 1st ft ref 4s_____1951
j-D
.1961
102i
j-j
>•*•
111 %
102'%
95%
102%
127
99
104'%
8
5
5
69
88
105
107%
*102
M-S
.1959
104
14
109% 110
109%
5
6%
94'A
32
88%
95%
103% 103%
4
103%
104VA
103
103%
92
Kanawha ft. Mich 1st gtd
gold 4s__ 1990
fA Refunding
gtd 4s—
AQertificates of deposits...
1936
108 Vi
*104%
A-O
Kansas City Southern Ry 1st 3s.
1950
Ref 'ft
impt
5s—
113%
103'%
156
3
116'%
87%
A-O
Apr 1950
J-J
.1961
J-J
1961
97'%
J-J
Kentucky Central gold 4s_.iii
__
87
81%
90
87'%
2
80'%
87'%
97%
35
89
*120'%
93
— —
__
99%
92%
101%
118%
68
101%
100
100'%
J-J
1987
87%
97%
......
87%
118%
'
Kentucky ft Ind Term 4%s.
Stamped :
;
4%s
*75'%
■
«...
*104'%
*
ref
ft
J-J
1997
A-O
J-J
J-J
*109%
1964
Koppers Co 1st mtge 3s
—«
Kresge Foundation 3% notes.. —1950
1959
lAKreuger ft Toll 5s ctfs
%
*105
■
—
—~
_.
~6%
M-S
6'%
'
•••
—
6'%
102
173'%
175
109-
8
109
108%
110
102% 105%
102
*101% 102'A
M-S
-
.
104% 105 Va
A-O
75
104
102f>
—.
103
104
*107% 108
105
68
101
*182
1954
1954
6%s
J-J
1961
unguaranteed
-
;
«...
__
1961
Kings County El L & P 6s__.__
Kings Co Lighting 1st 5s
1st
_
32
4%
103'%
8
58%
L
108%
119'A
1
151
156
2
102%
103%
105Vi
107
108 y4 108%
13
106 Vi
109
1948
F-A
5%s series D_..__
1960
F-A
1997
100
A-O
1953
J-D
2%s
ft
ref
100'A
f%;
100 '/a
101
100'4 101'%
*109'%
105 7%
__
105
105
i
56
56
10
109%
102%
105
1997
J-D
1975
Deo
f 4%s A
1954
j-J
104%
104% 104%
11
104%
105%
fund 4%s series C
1954
J-J
104%
104% 104%
6
104 5%
105%
1965
A-O
164%
1C4% 104%
104
104%
.1945
M-S
registered
...
Lautaro Nitrate Co Ltd—
Alst
mtge income reg
Lehigh Coal & Nav
Cons sink
s
108'A 108'/4
5
106%
108%
Lehigh ft New Eng RR 4s A
101
4
100
103 %
Lehigh ft N Y 1st gtd gold 4s
101
87%
A-O
109'A
103% 103%
*105% 106%
Af-a
a-o
119
156
J-J
J-D
1970
94%
3-D
Lake Sh ft Mich Sou gold 3%s
U-N
1955
84
J-J
Coll
El Paso k S W 1st 5s._.
5s stamped
84%
24
1951
Plain
112'A 112'/4
103'A
J-J
Elgin Joliet & East Ry 3y*s
32
90
93%
Q3
111 Cent and Chic St L ft 'N O—
69%
10%
J-J
98%
100'% 102%
'83
F-A
f-a
1st-gold 3s______
96
88%
J-J
1951
Div
75
89'A
144
Springfield Div 1st gold 3%s
68 ya
10
A-O
102'%
Omaha
7
57
98'A
93'A
93%
U-N
1951
75
81
94%
4
92
J-J
U-N
,.1950
•
103'%
96 3
1953
1966
iWj
gold 3s
r'
104
103
_.
92%
98
1955
...
103
103 %
Kansas City Fort Scott & Mem Ry—
61%
f-a
a-o
a
U-N
..1952
Refunding 5s
4.
40-year 4%s_..
Cairo Bridge gold 4s
102% 105'%
a103%
a-o
1955
gold 4s,
.1
m-s
1952
.
100
"103
1st
Laclede Gas Light extd 5s
Coll ft ref 5'/as series C
1448,
142%
104
105%
103
108'A 109
A-O
page
40%
96
*104
103%
J-J
M-S
see
73
30%
139%
108%
108'A
J-J
—1950
footnotes
64%
1951
■
Jones & Laughlin Steel 3'As.
102% 102%
j-j
Dul Miss k Iron Range Ry 3Vis_„ 1962
t§ADul Sou Shore & Atl gold 5s
1937
Duquesne Light 1st m 3Vis
1965
1965
115'%
1951
105
James Frankl & Clear 1st 4s.
A-O
Dokr Chemical deb 2'As
,.—1962
2
130
115% 115'%
j-j
A
48%
84%
ii.'"'"
49
*67
48
4.
J-D
M-S
For
72%
St. Louis Div & Term gold 3s
Gold 3'/a8
103%
58
5
49'/a
*84
J-J
J-D
Empire Gas & Fuel 3Vis—
83
76%
75%
76
U-N
Louisville Div & Term gold 3%s_1953
103
102%
-
108%
109
*1027/8 103
J-D
108%
30
,
J-D
106
107%
__
103
U-N
J-D
East Tenn Va k Ga Div 1st
5s_—1958
Ed EI 111 (NY) 1st cons
gold 5s
.1995
Elec Auto-Lite 2 Vis debs.
1950
102%
1st gold 3%s
A
65%
1970
...
6
4
j-j
Litchfield Div
65
1966
& ref 3s series H—
100
102% 103
1951
...
1965
100
3,03
142
1981
*
P
A
gold 3'%s
• 1st gold 3s Stirling
Collateral trust gold 4s
Refunding 4s
Purchased lines 3'%8__;
106'/2
103
7
104%
60
Detroit ft Mackinac 1st lien gold 4s 1995
ASecond' gold 4s
:
1995
Detroit Term & Tunnel 4Vis—1061
Gen
5s
1
142
142
1st gold 4s
104%
105%
10
105% 106
Des Plaines Valley Ry—
See Chic & N'western Ry.
Detroit
f
s
Illinois Bell Telep 2%s series A
Illinois Central RR—
:
103%
F-a
.———
A AdJ
1st
debs
98%
109
•
70%
108%
112%
— —
106% 106%
tDenver & Rio
Grande RR—
f Alst consol 4s.
108%
__
71%
..
D
Delaware
96%
104
98%
*108%
F-A
108%
60
,
Deposit
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry 3'As series Br„1965
98
Hudson Co Gas 1st gold 5s
1949
Hudson & Manhattan 1st 5s A....1957
~
receipts
A6s series B extended to
—1948
A Deposit
receipts—
Curtis Publishing Co 3s deb—,..,1958
91
38
J-D
'
J-D
ADepotiit
A
30
96
103'A
1962
Hudson Coal
110'/a
—
116%
49
1952
receipts—,——
A7Vis series A extended to——1948
95%
M-N
106 Vi
108
109'A
__
108'A 108%
——
Deposit. receipts
ACuba BR 1st 5s gold,——
105%
U-N
Oil 4 'As
'
t
101%
1954
nr
J-J
.
1
1937
105'A
Consumers Power Co—
1st mtge
18%
104%
*§AHousatonic Ry cons gold 5s
<
F-A
1955
,1950
1st mtge
13%
103%
Extended
105
105
J-J
J-J
1965
,1970
1968
1989
18
10
103
J-J
.
M-S
1954
—
84
14%
104'%
95%
M-N
*100
J-J
1st mtge 3 Vis_.
1st mtge 3%s..—
109
if 111%
74
79
13%
103
A-O
1969
106
3%s debentures—
—
—1958
Consolidated Oil conv deb 3%s,—1951
4s
106
106
18
—
*70%
Houston
107%
106
F-A
4s
107
H
108
104%
J-J
jAConsol Ry non-conv deb 4s
111%
106'%
103%
110%
105%
57
Af-N
.1958
110%
105
3
Ship Island RR—
1952
:Vi,
debentures—:
14
41
105% 105%
stpd.
>
122%
—...
20
Af-N
L__
—1977
4Vis
1951
3%s A
1961
Consolidated Edison of New York—
3 Vis debentures
1948
ADebenture
107
*~-m
107% 108
*111%
J-D
1980
128'A
105 Va
13%
3-J
1969
136
121%
111%
*111%
.
J-J
2015
mtge inc 5s series A
128%
107% 108%
:}'
-A...
A-O
1975
119%
6
111
104
..1959
1st & ref 3%s series D
&
—
Feb
Feb
debs..
18
12
105
J-J
I
106'%
106 7% 106%
J-J
__1980
B
3s
104%
20
47
96%
*101%
—
136
mtge
47
98
-
—
106% 107%
Conn River Power s f
A Debenture
107
110
A-O
.1948
105'% 106
106
■
J-J
109%
107%
Conn Ry & L 1st & ref
3Vis
105%
89'%
1I
to CO
to co
3-J
1st
104
A-O
A-O
1977
40
Hocking Valley Ry 1st 4%s-l,„.^.1999
'
—
7
103% 104
*108% 109 Va
—
M-N
,1948
1950
-1981
-1972
1973
series
3s
73
104'A
39%
11
j"7
Gulf States Util 3%» series D
90
1952
Debenture 5s
1961
Columbus & H V 1st extl gold 4s—1948
Columbus ft Sou Ohio El 3V%8
1970
Columbus & Tol 1st extl 4s—
1958
Commonwealth Edison Co—
*
Conv debs 3Vis
—1958
mtge
70
3
__
J-J
Gen
93%
J-J
Columbia Gas & Elec deb 5s—
1st
66 7%
104
91%
1934
111
1977
—
3
110% 110%
110%
''
*42%
J-J
Gulf
104
107
12
—1991
1990
1970
modified)—
(stamped
32
105'% 105%
1973
A:
112%
102
—
Colorado & Southern Ry,—
4Vis
69
104'A
103'A
22
72
70
V.'
1952
A
109
108%
J-D
Coal River Ry 1st gtd 4s
101%
104%
.
1st ext 6s
Gulf Mobile ft Ohio 4s series B
J-D
f 4Vis series C_;
s
102%
a
deposit...
95%
106 Vi
28
103% 103%
103%
of
86
1993
Pittsburgh RR—
gtd
Series D 3Vis gtd
Cleve Short Line 1st gtd 4yas
Cleve Union Term gtd 5 Vis
1st s f 5s series B gtd
57
—
71
J-J
90%
1993
3 Vis
55'%
6
103% 103%
—
3-J
Oct 1 1945
Ry 5s
Greyhound
Cleveland &
C
99%
66%
1976
97%
6
93%
107% 107%
F-A
Ala
Gen mtge 3%s ser M__.
A Green Bay ft West deb ctfs A
106%
3
95
105'A
&
Gen
110'A
6
*108% 110
F-A
Series
63'%
2
199
69
103'%
U-N
Cleve Cin Chic & St Louis Ry—
'
64
*__
J-D
Gen
104%
108
■
*81
1974
St L Div 1st eoll tr gold 4s
124
67%
M-S
Gen
107%
Terminal—
Cleveland Elec Ilium 3s
120'%
101'% 101'%
101 '/s
3-D
1949
cons
76
93
Af-N
1st mtge
Ref ft impt 4Vis series E
Cin Wab ft M Div 1st 4s.
125'%
*125%
Corp—
debs........
...1969
General 4'/2s series E
87%
83
105%
105% 106%
a-o
1st mtge gtd 3%s series E
gold 4s
105%
104'A
117%
General 4'%s series D.j
*■
109% 109%
109%
J-D
General
103
General 5s series C
92
,1952
General 5s series B___
104%
ft Utilities
Great Northern Ry Co—
General 5 %s series B.
99 >/4
31
1957
2%s ser G—
1958
15
__
...
66%
Certificates of depositGoodrich (B F) 1st 4»A«
Grays Point Term 1st gtd 5s
96%
99
91
105% 105%
105%
J-J
F-A
Union
Steel
Certificates
95
91
;■
__
89
90
J-J
1967
Cincinnati
*125%
deposit
Berg Co
inc
t§AGa Caro & Nor
105
98
J-D
M-S
1943
Vis——
of
Realty
conv
t AGeorgia
18%
13%
102
*105%
Cincinnati Gas & Elec 3'As.—_—1966
1st mtge 3
of
Machinery Corp 3s debs___._1956
General
.
tAChoctaw Ok & Gulf cons 5s
Certificates
Gas k Elec
85 *
A-O
*85
-
96%
104'%
9<f
79
of deposit—
.i
104% 104%
*103%
M-N
J-D
ref 5s series A
&
Francisco Sugar coll trust 6s
103%
80%
.——
Chicago Union Station—
1st mtge 3'/as series P
,—1963
1st tntge 27%s ser G —
1963
Chic ft West Indiana com 4s—ii—.1952
1st ft ref 4'A 8 series D
—1962
Co deb 5s
§ A Debenture 5s
88
102
...
'
1934
1952
—1960
Chicago St L & New Orleans 5s,_„1951
Gold
3*/as
1951
Memphis Div 1st gold 4s
1951
Chic T H ft Southeastern 1st 5s—1980
Income guaranteed 5s
Dec 11960
t§AChilds
139
106
*106'%
M-N
1958
1959
Food
103%
11
j-j
I ARefunding
A Certificates
77%
7
102% 102%
102%
High
105 Va
105%
878
r-K
—
AGertilicates
104%
46
104% 104%
89
94
102% 102%
94
102%
1961
deb
1974
A 1st
22 %
104%
J-J
Low
76- i
96'%
*104"%
US
tFlorida East Coast 1st 4%s
88
20%
J-J
95'%
95'%
A-O
1971
J-J
A
a-0
J-J
1964
3 Vis
Flintkote Co 3s debs
113%
85%
F-A
2015
E
ser
mtge
105% 105%
J-J
tAFlorirla Cent & Peninsular 5s
1943
Certificates of deposit...,..,,,.,:
/112'A
96
111% 113
J-J
1969
4s
ISAChicago Railways 1st 5s stpd
25% part paid—_—
,,.,,1927
tChicago Rock Island ft Pacific Ry—
AGeneral 4s
1988
112'%
111
3-J
1969
104 Vi
113
1st
Firestone Tire & Rub 3s
108%
J-J
mtge 3 Vis
Div
January 1
No.
21%
88,
J-J
1995
mtge inc 4%s series A
1st cons
Ohio
Range Since
Sold
High
107
92%
Chicago & North Western Ry—
Des
Gen
21
Bonds
Bid & Asked
Low
<
,
Co—-
1st cons M 4s series B
86'A
16 Vi
6
Chicago Inrt ft Suu 50-year 4a.„.,.1950
Sale Price
,
80
15'A
1
Thursday Week's Range
Last
or Thursday's
Interest
Exchange
Period,
91'/2
72
81%
J-J
J-J
Stock
High
84
85
76
3-J
York
January 1
Erie
tChicago Ind & Louisville By—
AReiunding tis ser A
;.,„.„%.1947
39
MARCH
Range Since
Bid & Asked
Low
Interest
New York Stock Exchange
ENDING
BONDS
Thursday Week's Range
Last
or Thursday's
56
■
99%
99%
1
5
50
99%
60
100
THE"'COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161
Volume
1447
NEW YORK BOND RECORD
feANGE
New
York-Stock
Interest
Exchange
Last
-
Lehigh Valley Coal Co—
5s
1st
stamped.
5s
100
gtd 5s.
90
82
81
82
86 y4
r
■
j-j
85%
86%
—
57%
152
52 %
10
*
26
M-8
103% 104 %
104
J-J
32
106 V* 103 y4
M-S
—1966
108% 109
2003
A-O
I960
J-J
l
Paducah & Mem Div 4s__
1946
F-A VT
1980
M-S
M-S
*101%
J-J
1955
4s
59
3
58 y8
65
56%
57%
15
56
65
A-O
4s_
deb
4s
—
—.
(
57
58%
10
56%
65
J-J
.1956
60
58%
61
87
57»/2
65%
M-N
.
60%
58 %
61 %
48
57
66
57
65%
J-J
58%
30
56 V8
J-J
64%
63%
65%
100
63%
72%
A-O
86%
*84y8
86 Vz
88
84 y8
93%
57
ADebenture
.1957
M-»
25
26
63
25
34%
-1967
J-D
61
66%
'i
A
87 Va
6s
-
4s_
4
—
1st & ref 4 J/as aeries of 1927
120%
109 y4
1st
4s
*
-1954
«•
A General- 4s
.
108
N Y Queens El Lt & Pow 3'/as
1071%
N Y Steam
119'%
105
gtd 4s
cons
Corp' 1st 3J/28—
i§AN Y Susq & W 1st ref 5s
105%
107%
107%
107%
23 Vz
.
1965
102%
100%
20 y4
93
17%
5%
5%
19
4%
78%
79 «/8
11
74%
M-N
108
108
J-J
1963
106
106
j-j
1940
F-A
1st
104%
107'
114%
__
II41/2
rhtge AVzs
1st
mtge 5s-conv incv—
f8ANorfolk Southern RR 5s A
Shovel
Steam
aiarion
f
s
*60%
A-O
—1955
Jack Lans & Sag
:
1st
gold
Ref
&
3y2s
25 Va
M-S
104
104%
102%
105 Vz
__
102 i/b
<
99%
101% 102
F-A
21 Vz
21%
M-S
*100%
,16%
!
;
*102
Af-N
107
105%
104%
104% 105
13
98%
110%
110% niy2
23
107%
Minn
&
ext
& Sault
Paul
St
A-O
97%
,98
1949
1st
23%
Q-F
12
8 iy2
113%
.
11%
■
>
-.
14
5%
8
104%
104
J-J
9
J-J
77
741/2
77
89%
87%
90
192
-1962
J-J
92"
90
92%
J-J
82%
82
103
63
J-D
-1962
84
:
A-O
11067
A 1st
%
'
&
81
77%
.
„
82
j.
87%
:
•
84% •88%
24ft
.
85
95%
78%
76%
79%
34%
33%
35%
344
33
78 V2
76%
79%
348
73
78%
76%
791/4
134
72%
82
17%
122
14%
121
72%
82
M-N
-1949
M-N
16%
16%
A-O
78y4
76%
F-A
78
M-S
85
F-A
G
y
76%
72%
—1960
85
—
A-0
;
-1965
A-0
-1966
ref 3%s—
J-D
.
72%
10
113
-1951
-1958
M-N
-2000
J-D
69%
M-N
76
M-N
701/4
1st
gtd
3y2S.
-1955
-1955
Mountain States
T
'
96'/a
3V4£
-1968
~
*
-—1974
1964
205
99% 107%
106
107
101 Vz
100% 102
97
93%
101%
100% 101%
33
93i%
102
F-A
106%
106
10
105%
107
F-A
*103
M-S
109
t
102'%
106 Va
103%
102
103%
109
108'%
110
J-J
1st
5s_i
20%
3
107%
109%
7
103%
106%
22%
106%
M-N
-1945
32
105% 106 Vz
j_
.
M-S
23%
107% 107%
23
J-J
1974
3s—z.
Transmission
*100%
——
101%
'
__
.
29
101%
103% 103%
7
103%
103%
2
104%
105%
Guaranteed stud cotis 58—.*
1946
Oregon-Washington RR 3s ser A—1960
J-J
104%
105%
104%
106'A
,
*104% 105%
■■j -'.fly •"
A-O
•
.V:
106
—
Oa6 & El 4s series G——1964
gtd 5e.
-1947
M-N
T
3%s series I
1st & ref mtge 3s series J
1st & ref M 3s series K_:
106
10
72%
82%
85
108%
111%
113
105%
106%
1
76
66%
70%
*108% 112%
M
3S
ser
3y4s series B
1966
mtge 3J/4s series C
1st s f gold 4y2s
1966
1955
Panhandle East P L 3s B
——I960
Paterson & Passaic G & E cons 5s_1949
106%
-
22
105%
102
106%
31
106
108%
107'%
107
J-D
14
105%
107'/4
106%"-
106% 107'%
19
105
1071/4
107
J-D
;
105% 105%
106'% 107
105.
J-D
1974
L
101
8
101'% 102
...
J-D
J-D
^
-1966
1970
i—1971
107
41
104%
108
107'%
108%
109
109
116%
*104'% 105
A-O
105%
105%
*112%
__
112%
114
__
109%
111
*108%
__
*110
J-D
J-J
110
*107
„
M-N
107
107
96
.
98%
101%
102 %
62%
■
'
70
ref
&
Ref
1
v.
67%
1st
j-D
1946
1st gold 5s
Coast Co
Pacific
Paducah & 111
2
96%
*102%
J-D
&
mtg^
Pacific Tel & Tel
79%
60
113
105% 105%
J-/
ext..
5s
Tramways
106%
,
104% 104%
82
106%
107% 108
105%
Morrell (John) & Co 3s debs.
Essex
98%
J-J
,
261
791/4
83%
*104%
,
--
1st &
mtge 4%s—
&
87
98%
J-D
20
78 7
84
Monongahela W Penn Pub Serv—
Montreal
76%
290
97
j-j
guaranteed 4s——-_—-—1948
1st mtge 33/4s_^——1972
A 1st
82%
i
,-1966
Morris
81
71
76
*73
J-J
Ohio Edison
40%-
M-3
-1978
Power
1
1st mtge 3%s
1st & ref mtge
F-A
series
gold 5%s
debentures
72%
,
Pacific
M-S
-1991
1st
112%
70
78%
83%
64%
;
43
-1977
-1981
6s
116
106%
76%
•97%
J-J
108%
4
92%
70%
74%
76
-
-1980
Montana
Q-A
J-J
'
124
77
*
;
85
-1975
5s
78
124
113% 114%
112% 112%
Q-J
Q-F
90
-.1965
series A
4s
ref
>121%
113%
Oregon RR & Nav con gold 4s_-_-1946
6re Short Line 1st cons gbld 5s!—1946
105%
73
102
83
84'/a
ref 5s series F—.
AConv
>135
Q-J
V
135'%
O
'
&
M-S
60'%
48
133%
(Ogdensburg & Lake Champlaln Ry—
(Missouri Pacific RR Co—
& ref 5s
M-S
15
135% 135%
98j/2
RR—
-1978
A 1st
1974
1974
3%s_—_l967
1st & ref mtge
mtge 23/4S
Ontario
Marie
Prior lien 5s series A
A 1st
48
48
105%
112%
5
7%
*5%
•
--
-1990
A General
47
1
59 V*
48
111 1/2
97%
19
-1991
v.-
70
55
135%
108i%
89'%
48
O-A
& ref 5s
series A
107
33
57%
105'
104%
113 %
12
M-S
-1962
-1971
Missouri-Kansas-Texas
34%
109%
98 y2
F-A
4S-1996
Power Co—
States
(Minn)
102
1st
series A_
Ste
114%
112 Vz
J-D
75
81%
*79%
*112
J-D
1939
5s
50-vr
96%
109
A-O
1961
—
(Wise)
J-J
A Ref
gen
ref 4%s
&
Northern
'
M-S
AgConsol ext 4yas_.
25%
20
110
__
1979
(Minneapolis & St Louis RR—
V
A 1st & ref gold 4s
:
101
102
A-O
1952
-
75
26V4
107% 108
J-J
—2014
registered-.^—;
1997
Gen lien ry & Id gold 3s
Jan 2047
;■ 3s registered-!—
-2047
Ref & impt 4%s series :A—
-2047
Ref & impt 6s series B—
-2047
Ref & impt 5s series C
2047
Ref & impt 5s. series D
2047
•
__
Michigan Cons Gas 1st mtge 3V2S-1969
t§ A Midland of N J 1st ext 5s—1940
t§AMilw & Northern 1st ext 4y2S__1939
impt 4%s series C
109
?109%
A-O
Northern Pacific Ry prior lien 4s__ 1997
__
*105%
33
93%
108%
J-J
64
11%
27
'
1951
3%s__^
92
*105
■
M-N
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s
1950
*§AMet West Side El (Chic) 4s„1938
Michigan Central—
•?' 75
84%
*100% 101 y2
A-O
McCrory Stores deb VA—
80%
__
*100%
A-O
1947
6s
*88'%
M-N
74%
4s
82
M-8
1959
681/2
39
—
82
M-N
1953
RR (Sorther n Lines ) 4s
A Manila
*60%
J-D
ser
Manila Elee RR & Lt s f 5s_
Gen
70%
69
69
J-D
1960
A
ser
B—
1954
Sugar 4s sink fun'd—Feb 11957
& coll 4s
mtge
Manati
A
4V2s
70
99%
J-J
-—1998
series A
AGen
North Central
M
RR
15%
»
M-N
Niagara Falls Power 3J/2S—
—1966
Niag Lock & Oht Pow 1st 5S A—1955
Norfolk Southern Ry Co—
Norfolk & Westefn Ry 1st' gbld
Central
29%
15
107i/4
52%
26
63 y4
15%
108
105%
II
61
*25
F-A
'
7%
82%
106
4
"
1937
1st; gold 5s_—,-1943
Y Telephone 3%S series B
-1967
1946
f§AN Y West & Bost 1st 4yas—
107
19 y4
19%
'
Maine
61
109
102
10
A-O
-1993
A Terminal
1041/2
179
J-D
-1937
}A2d gold 4 J/2 Si.
S A General gold 5s__
,•
M-S
s.ii,-1955
N Y & Putnam 1st
'
M-N
Ont~&~WesTreFgo~ld~4sIII.1992
(AN Y
106%
2
62%
107% 107%
62%
(AHarlem River & Port Chester-
129%
—
*ii4y8
97%
59
.1940
106 v 107%
104% 105
Af-N
Div
89
91%
M-S
.
N
__
105
1952
Atl
& Cine
deb
"
South Ry Joint monon 4s
84%
75
§ A Collateral .trust
105%' 107
*101 y8104
Montg 1st gold 4V2S—^-1945
110%
13
97%
ADebenture certificates 3J/2S— .1956
AConv deb 6s
;
.1948
15
,104 "2 104 %j
*101 Hi
7
St Louis Div 2U gold 3s
I
89
88%
61%
:
30
-
113y2
113
97%
—
55
100
1st & ref M 3%s series F__
Unit mtge 4s series B ext
113
High
110%
59 Vz
103:
7
106 y2
106
106
A-O
—2003
& ref 3%s series E
Knox
.1955
ANon-conv
103%
12
LouisviHe 61 Nashville RR—
&
r.1954
.1947
—.
106%
119
164% 105
'■
Mob
3% 8-———
106%
43
*119% 119%
Louisville Gas & Elec 3V2s
1st
3%s-
119 Vz
*106% 107 y4
F-A
A-O
1st 5s series A—1969
Louisiana & Ark
deb
deb
106%
-1951
Low
116
M-S
AN on-con v
109 V*
.—_—1963
stamped
Lorillard <P) Co deb 5s
*111
88%
.1947
deb
ANon-copv
-79
22
107 y4
January 1
108%
(N Y New Haven & Hartford RR-
127%
—
107ft
107
J-J
M-N
87
;; 55%
107
M-3
—
;M-N
90 y2
47
67
M-3
.
.1973
A
Range Since
Sold
No.
High
«noya
J-J
.1973
series
4%s series B__
Bid & Asked
47
—
*110%
M-N
1949
1949
debentures
.2043
—
.
82%
-•50
85%
119% 120 y2
120
A-0
Bonds
Thursday's
or
45%
1
63 y2
129
M-N
.2043
80 %
319
84%
A-O
3s
50
60 Vz
A-0
gold 4s
55%
54
62 %
M-N
.2000
74
75
104
52
54%
56%
gtd____l965
Liggett & Myers Tobacco 5s_
1951
Litie Miami gen 4s series A
1962
L.ong Island unified 4s
;
1949
4s
—
87 y4
52 y2
Lex & Eastern 1st 50-yr 5s
.
93
6
50
M-N
M-N
.2003
.2003
2093
__2003
2003
Lehigh Valley Terminal Ry ext 58-1951
ref
gold 3y2sr-
ANon-conv
.
Guaranteed
93
ANon-conv
F-A
1950
Valley N Y 4%s ext
Lehigh Valley RR—
4s
stamped modified
4s registered
4y2s stamped modified
4%s registered
5s stamped modified
:
Harlem
&
j Mtge 4s Series. B
N Y hack Si West 4s
100%
89%
93
88
__1954
Lehigh
98
15
,
F-A
1974
Val Harbor Term
Y
N
100%
93
*90%
1964
1974
sink fund 5s-i._
100
F-A
1964
stamped—..
5s
v
Leh
100%
._1954
5s
Last
Sale Price
Low
High
Mtge 4s series. A_
stamped.:
& ref
1st
Hiah
f-a
1954
.
_
s»nk fund
ret
&
Thursday's
; ;
sink fund 5s
rex
Low
Period
January 1
No.
Thursday Week's Range
Interest'
New York Stock Exchange
Range Since
Sold
Low
,
&
BONDS
Bonds
Bid & Asked
or
Sale Price
Period
1st
WEEK ENDING MARCH
FOR
Thursday Week's Range
BONDS'
72%
106
96
69%
109%
110
1952
xtfs
1974
debentures-
4 J/as
73%
108%
—
1
f
4s series E trust
Gtd
Pennsylvania Glass Sand 3 Vzs_—1960
Pennsylvania Ohio & Detroit RR—
1st & ref 4'/2s series B——1981
1st & ref 3%s ser D__
—1968
Penna Power & Light 3J/2s_
,.1969
79
64%
308%
182
■-.
Pennsylvania Co—
M-S
Pennsylvania RR—
Ccnso! gold 4s
1948
i
4s sterl stpd dollar-—1—May 11948
Gen mtge 3%s series C
1970
Cons sinking fund 4'/as
1960
\ General 4»/2s series A
—1965
General 5s series B
1968
M-N
*110%
J-D
*105%
__
*108
J-J
107%
15
107% 107%
106%
F-A
106% 107
'
106%
6
■}
M-N
108% 108%
105'/a 106%
107% 108%
.
*107% 107%
J-J
F-A
1071/4
:
5
108% 108%
107%
108%
'
Mutual Fuel Gas
1st
2
109% 109%
103%
N
& St L
Nash Chatt
Nat
Dairy
Nat
Distillers
National
4s
Prod 3'/4s
Prod
Steel
1st
series A_.—1978
debs
3y»s
F-A
1949
1948
Consol Gas
cons
England RR gtd 5s____..__1945
A Consol gtd 4s
1945
England Tel & Tel 5s A
1952
gtd 41/2$ series B
1st 4s
105
108%
a*
102%
105
8
105 Va
105
106%
——
J.J
i
-
99%
99
99 Vb
114
11
95
99%
26
114
134%
123%
*125%
F-A
*100
M-3
108
108
New
Orleans Great Nor 5s A_
1983
J-J
106
106
O & N E 1st ref & imp 4%s
.—1952
J-J
New
Orleans Term
1st
.—1953
gtd 4s
J-J
__
100
1
*105%
1671/4
107 '/4 107%
1-08%
106
106 %
104'/a
;
100
107%
_3
106
lnc
5s
5s
series
104%
3
107%
5s
series
4%S series
A 1st
5%s
17
80
91%
8
81
90 y4
80
12
1958
F-A
38%
91
91
91
80
91
1954
A-0
93%
92
deposit
94
*89%
88
N
gtd 4%s
Central RR
Y
4s
series
91
81
23
N
&
1998
&
imDt 5s
Y
Cent
3%s
series
& Hud
C
River
3%s
3%s
83 '/4
94
91J/a
gold 3%s
F-A
85%
88 '/8
162
83%
1
85%
460
92
94%
106% 107
103
94
104%
103
93%
N
Y
N
Y
Dock
ref
& Pow
gold
1965
footnotes
see
page
A-0
94%
239
7
30
33
j
-
•
82%
.78%
87
100%
and
AGen
mtge
1967
—1974
2%s—
M
ref
2%s_.
& Reading Coal—
6s income——-Apr
debentures
——
Series D 4s
1964
1949
1448.
103% 103%
105% 105%
106%
106% 106%
104
102% 104
106
57%
106%
*106% 106%
105%
106%
*136
131%
Series G 4s
95'/a
107%
97%
104 »/4
97
87
Beriis F 4s
136%
•
94
Gen
1st
89
'93
6
34
103
1033/4
105%
1063/a
106 J/4
109
100%
104 »/4
105 %
1063/s
107% 107%
1
107%
109
112% 112%
5
1123/4
113 3/a
F-A
109% 109%
1
1093/fl
110%
106
8
Pitts
1st
1st
Pitcs
1st
1st
1st
235
inc deb_T
203%
239
1043/4
106
106%
169
1950
1977
1964
■
' W—
■
■
21%
15
153/4
17%
17%
10
15%
18%
103
1031/e
7
101%
103%
M-N
102
102
2
102
10?,
F-A
*—■
114
107
10?
—
4%s series B
:—1950
& W Va 1st 4%s series A
1958
mtge 4%s series B
1959
mtge 4 %s series C——-—I960
Young & Ash 1st 4s ser A—1948
gen 5s series B—;
—.1962
gen 5s series C
1974
4%s serips D
.
104%
19 'A
21%
F-A
J-D
*112%
M-N
*1131%
F-A
*1141/2
J-D
—
133
133
:
/-.V"
113% 113%
—
"l
123
125
124%
124%
l
128 3/8
133
*123
M-N
23%
—/
1241% 124%
F-A
—
mtge 4y2s
APittston Co 5%
221
1937
Gen
104
104%
101%
1041/2
104'/a
101%
7
103% 104
104
234
130
107%
102%
30
103%
104
J-J
1963
guaranteed AVzs—1964
mtge 5s series A
1970
mtge 5s series B,
1975
Steel
M-N
19
,
*103% .104%
J-D
M-N
128%
105%
—
106% 107%
M-S
Series J cons
Gen
*130%
106%
*106% 107
guaranteed 4s—1960
Series I cons 4 '/2s
J-J
__
*1051/8
1945
gold————1949
guaranteed gold
1953
guaranteed
-lf)57
Series H cons
;
A-O
-
89%
49%
106%
M-N
196?
guaranteed
91%"
100%
83
93
105%
106
19
1°°3
Philip Morris Ltd deb 3s——
87
J-D
1966
5s„il948
Purchase money gold 4s
For
ref
&
1st mtge
3%s series E
51%
J-J
Pitts
F-A
49%
gold 4J/as series C—i—1977
Philadelphia Co coll tr 4%s——1961
Phila Electric 1st & ref 2%s
1971
94
1951
Apr
F-A
87 y8
A-O
14
J-D
81%
—1965
88
Phelps Dodge conv 3%s deb
1952
Phila Bait & Wash 1st gold 4s—
General 5s series B
———
82%
J-J
87
87
*107%
2
1975
M-S
F-A
3
103%
J-J
—--1960
—Apr 1990
5y2s—,-1974
4s ext
Pekin Union Ry
&
87%
1st
&
109%
78%
89%
gold 4s
Y Edison 3%s series D
lien
104%
108%
87%
mtge
Y Gas El Lt H
103%
8
89%
M-S
103%
126%
I05y2
29
F-A
1978
1261%
118%
33
F-A
a.
118'/2
29
104% 105%
1998
*88
50
108% 108%
—1998
,
F-A
133%
125%
124% 125%
124
104 % 104%
mtge 3%s ser E—————1975
Pittsb Coke & Chem 1st mtge 3%s_1964
.1998
3%s series D
Connecting RR 3%s A
1st
92 y4
J-J
100'/a
York
Ref
N
A-0
j-j
Chicago & St Louis—
Ref 4%s series C
!
N
84%
1997
^-1998
registered
Mich Cent coH gold 3%s
3%s registered
New
87%
A-O
1997
registered-
Lake Shore coll
F-A
2013
impt 4%s series A
Ref
124%
126%
104%
Phillips Petroleum 2%s debS——1964
Pittsburgh Cine Chi & St Louis—
83
27
—
>100
.2013
A
Ref
J-J
128'/a
118%
15
105%
Series E 3 %s gtd
.1945
;
124%
28
132% 133
A-O
—1952
t§APhilippine fly 1st s f 4s
ACertificates of deposit
Newport & Cincinnati Bridge Co—
General
9
122% 122%
132%
E-——1984
4s
A Income
Peoria
3s
deposit
A
of
88%
80
*85
D
series
91%
89%
91
128 Vs 128%
122%
J-D
124%
F————1985
C ref 5s-—
~1947
& Eastern
Peoria
Philadelphia
F-A
■
J-D
F-A
A-O
1st
70'
78
90%
91%
deposit
of
ACertificates
78
88%
A-O
-1956
of
ACertificates
A-O
deposit
C
ACertificates
A 1st
1935
1954
of
105%
J-J
mtge 3'/8s ser,
1st
deposit
A
B
A Certificates
A 1st
series
of
A Certificates
A 1st
108%
104%
A-O
General
(New Orleans Texas & Mexico Ry—
§ANon-cum
107%
35
125%
M-N
1986
N
99%
99%
Jersey P & L 1st mtge 3s_..__1974
J Junction RR gtd
mtge 4J/4s series
deb 3%S—
Peoples Gas L &
•
96
33
<
Conv
Gen
1141/8
98 %
J-D
99%
New
N
1
104% 104%
104%
—1981
General 4'/4s series D_
Gen
——
m>~rn
—
A-O
.
108 %
4
102% 103
*108
J-J
1961
1st
102%
105'/a
104
107
J-D
(ANew
New
21
M-N
.
96%
23
107% 108
A-O
1954
Newark
102% 103
107%
M-3
1965
3s____.
(ANaugatuck RR 1st gold 4s
103
J-D
1960
debs
mtge
108% 108%
M-N
.
133
135
A-O
1341/2 134%
l
129%
A-O
107
5
105
10f7%
M-N
103% 103%
15
101%
103%
105% 105%
11
104%
106 V*
104%
106%
J-D
107
J-D
*105%
J-D
92
93%
5
84%
A-O
92%
92%
4
84%
A-O
92
94
26
84i/2
106
106
1
J-D
F-A
92%
106
*122%
„
J-D
98
98
106
—
J-D
J-J
106
98
--
II
*117
99
99
1
H
943A
90»/4
THE COMMERCIAL & FINANCIAL CHRONICLE
1448
Monday, April 2, 1945
v -
t
NEW YORK
RANGE
Stock
Interest
Exchang*
Sale Price
Period
-I960
J st 5f extended to
1950
Potomac El Pwr 1st M 3V4S
1966
1st mortgage 3%s
1977
Pressed Steel Car deb 5s
——1951
{AProvidence Securities 4s
—1957
IA Providence Terminal 4s
1956
Public Service El Si Gas 3 Vis
1968
1st & rel mtge 3s>
1973
1st Si ret mtge 5s
2037
1st & ref mtge 8s
2037
Portland Gen Elec
1st 4%s
No
Low
—
J-J
A
103
Stand
108%
Standard Oil N J
J-J
103
1959
J-D
107% 107%
1950
M-N
105% 105%
Swift Si
1861
M-N
Spokane Internat 1st gold 4%s„2013
Oil
2%s
31%
103%
*100%
103%
110
„
II.
224% 224%
Terminal
105%
105% 105%
j-j
105Vi
105 '/a 106
j-j
1949
1941
&
102%
8
Gulf Division
River &
y
105%
105% 105%
105%
1
106%
3f-N
J-J
103'
a-0
12
107%
103%
yv
14
76
105
71%
72
98%
*110
M-S
21%
*87
n
106 %
108 %
zuoo
J-D
139% 140
34
130
140
1977
A-O
105%
104% 105%
74
100%
105%
100
105%
&
Devel
ref
5s
series
C
1979
A-O
105%
104
105%
5s
series
D
1980
J-D
105%
103% 105%
95%
53%
215
Pacific-Missouri—
Tenn RR
gold
Ham
Trenton
Gas &
Buff
&
Elec
1st
1st
J-D
1960
103
90%
90%
91%
41
54%
51
541/2
190
J-D
gold 4s__1946
gold 5s
1949
*104'%
J-D
105 %
99%
*105
J-J
A-O
Jan 1960
107 %
941/2
51
601/2
104
103
103
__
105
1021/2
__
*102%
103
89 %
106
M-S
21%
26
*
J-J
104~
103JI
32
u
Union
Oil
of
5s
deb
debentures
Pacific
&
Ref
*103% 105%
j-j
*104
grant 4s—
1947
j-j
mtge 3%s series A
a-0
1971
M-N
1980
106%
103%
105
1958
F-a
1959
1955
F-a
debs
106%
104
107
104
107
13
104% 104%
M-3
Pictures 3%s
106
2
16
104% 105
17
104%
a-o
Drug 3Vis debs
Universal
105
113%
■
J-D
Biscuit 3%s debs-—-—-.-1955
United
80
25%
104%
__
106 '/a 106'%
■■■
1970
United
87
*24'/a
""
■'
111%
•M-.
1—
F-a
2
20%
a-0
RR—
land
y34-year 3%s deb
35-year 3%s deb
106%
113% 113%
1945
1959
1967
Calif 3s
100%
52
55%
92%
107%
107% 108
105
104%
107
8
•
105%
109%
6
107%
104%
106
6
101% 101%
104%
13
•:
104% 105%
v-yy'V.
•
98%
102
48%
1,061
256
57%
39
41%
1,785
40%
25
39%
94%
94
v
56
60%
Va
»72
Wabash
86%
40%
69
Walworth
46%
Warren
inc series
4s
Co
RR
1st
ref gtd
1st
A
—1981
103%
Westchester Ltg
102%
r'u/H
'^6
89 Va
86
104%
86%
"
__
104%
Western
1st
&
46%
45%
8
45%
60
62%
121
53%
64%
62
60%
62
18
52%
63%
25-year
gold
62
60
62
88
i 53 Va"
63%
30-year
F-A
29
/
*84%
_v
_..y
/
,
\'\¥.
102
J-J
1952
A-0
106
1st
102
102
117%
3
110% llO'A
' "•?'
*117% 118
■■
,7.^.
'7
107% 107%
■
117%
4
3
ii :
1061/2
106%
109
110%
7
105
106%
107%
Western
Pacific
Western
Union
4 %s
inc
J-J
108%
108% 1081/4
22
1061/2
108%
May
301
100% lOl'/a
76
92%
101%
1950
1951
Af-N
107%
107
107%
\7
14
1061/2
107%
J-D
106'%
106% 106%
,V.'
105
106%
MS
107%
107% 107%
105%
107%
103
102% 103
1977
A—2014
ser
Telegraph
Co-
Funding & real estate 4%s
5s
6
45
87%
Westinghouse El & Mfg 2 Vis
1951
M-N
101%
103
86
West Shore
2361
2361
J-J
79%
78%
80%
96
78 Va
85
J-J
76%
75
77%.
30
74%
81%
1949
M-S
1091/2
110%
1966
MS
1st
4s
guaranteed
Registered
14
29%
41
6
101%
101%
102%
'!■>"
6
•
103
*102%
72%
71%
72%
66
4
102% 103%
8
103% 103%
Wheeling & Lake Erie RR 4s
Wheeling Steel 1st 3%s series B
72%
Wilson
102% 104%
103
i
107 Va 107%
&
1st mortgage 3s
Co
108
108
*109% 110%
108
108
j*"
130
106%
2
B
1st
Central
110%
'
W—
j-/
1949
'
N
__
102U 102 *2
27
104% 104 %
,6
81%
79%
82
28%
27%
deposit
28
3%s____
Wisconsin
Elec
Wisconsin
Public Service 3 Vis
Power
104
IO51/4
117%
166
"7:\ I
M-N
1st 4s—1936
102%
104V8
117%
,Ky
*117%
%.
deposit
of
ACertificates
■"':-
104%
1960
;
1st 4s—a,
of
*109%
a-o
1958
4s_
•SASu & Du div & term
107%
126
__
S
ACertificates
103%
106
10
*130
j-j
102
^'7,
107%
70
>>
.
78%
■
102% 102'/a
a-0
102
■
89%
102%
60
65%
J-D
99%
84 VB
100'
;c
82
__
•.
37%
37
37%
a-0
*60'A
90
;
1
*102% 103 Va
J-D
5s
107%
22
1960
47%
F-A
28
89
1950
4s
ref 5%s series A
39%
44%
62%
j-j
99%
88
102% 1021%
•
—1967
1966
stpd gtd
5s
Maryland
39%
45
44
102%
99
89
7.
F-a
mtge 3%s__
—
West Penn Power 3 %s series I
39 %
f-a
99
Apr
a-o
Q-M
Gen
98
4
a-o
Apr
1991
I9t>&
1970
87%
103
44
j-j
109
106 % 106%
107
Washington Terminal—
44%
j-j
106 %
106%
1948
Washington Central Ry
130%
44%
F~-A
23
lf-0
1st 4s
106
''101% 101%
M-S
108%
gold 3%s__2000
104%
103%
45
m-s
101%
106
1st mtge 2%s ser A
A-0
118
104
107
4s_„
mtge
130%
*101
101%
118
y
__
RR Co—
104%
:
__
*101
A-O
104
*117%
1960
mtge
*105%
*104%
A-O
103%
110
a-0
mtge inc 4'As series B
*130
af-s
M-N
108
*104
J-J
_1958
Gen
42%
106%
Jf-9
5s__1949
2003
Gen
*110
41
112%
105%
104%
21
w
77%
72
112%
„
105% 106
*105 % 105%
95%
9
11
109% 109%
*112%
105%
A-O
115
87%
11
M-S
1974
Virginian Ry 3%s series A
*108%
M-N
1968
ref mtge 3s series D
Iron Coal & Coke 1st gold
43%
37%
75%
a-0
1957
3%s series B
44%
83%
41%
Pwr
59
74
f-a
&
series A
B
51#
83%
j-d
Elec
series
Va & Southwest 1st gtd 5s
1st cons 5s__-_.—
108
7
115
115
f 4s
37%
12
41%
RR cons g 4s
s
1st &
51P-
■y
Va
56%
48
19
55%
'
v
Vandalia
96
Cons
58%
115
102%
~4
54%
53%
57%
103
101%
Af-S
98
99%
93%
91%
93%
93%
91Vi
94
-208
,85
3f-N
1969
1981
1950
1955
99%
3f-S
Af-N
1977
1®68
93%
91%
94
293
84
a-0
92%
257
85%
73
■
79
88
79%
■
30%
85%
153
19
29
28
20
107
3
186
108%
7
109
110'/a
*
1968
A-0
107
107
1971
J-J
110%
109% 110 %
100%
31%
30
95
27
105%
82
104%
106%
J-J
123
130%
y
m-n
1960
105%
107
105% 106%
106%
Youngstown Sheet & Tube—
1st mtge s f 3 Vis series D
•
106 % 106%
j-j
|y
95%
95%
a
Deferred
Included
delivery
sale
a-o
112%
112% 112%
34
111
115
117%
117
117%
36
117
119%
gold 5s
j990
j-j
121
121
116%
121
1951
j-j
106%
107%,
1964
j-d
108%
109%
*Thursday's bid
1968
J-J
107
107%
Included
not
in the year's range,
a-o
n
In
the
years
104% 105%
41
d Ix-lntereat.
range,
e
O CD
104%
Odd-loft
Under-the-rule sale not Included in the years range,
y Ex-coupon.
sale
not
r Oath
sale
ABonds selling flat.
gen
k
gen
1st
5s
1st gold 4s
Bell Tel 3 Vis B
3s series C
ref
3%s_.1974
impt 3%s__1960
6%8-:
&
Devel
&
Orl
Ry 1st ref 4s
income 5s
1994
1956
1950
1956
Devel
1st
of New
Ave
Af-N
79%
66
95%
52 %
j-j
1963
1962
—1979
4s
Louis Div
109%
105
59
ref
1971
j-j
1964
series A
6s——
6t
B
&
IA Wisconsin
ref gtd 4s
gen
Southwestern
series
127%
105
.
Ry 1st cons
Div
5s
gold 5s
Union Electric Co of Mo 3%s
j-j
1950
A
&
Mem
1st
—
126
127
&
J-J
Southern
ref
Winston-Salem
1st 4s
Term
RR 1st
Pacific
J§AUnion Elev Ry (Chic)
81
—
102% 102%
102%
40%
1952
4Vis
Fran
112„
106%
■
107'% 107%
Toronto
-—
M-N
1935
1954
1961
1941
Gold 4Vis
Pac
106%
..
Af-n
3s
89%
*84%
& Tel 3%s.
4Vis (Oregon Lines)
San
.//
1965
debentures
I:'
58%
104%
*81
i£a
of
Gold 4%s—
South
f
;
127
1953
51
106%
57%
series A
debentures
Gold
111
*110% 111 %
*106%
V'f
16
5
106
106
j-7
195U
4s
Pacific Co—
106
'
J-J
109
38
*101
Skelly Oil 3s debentures
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
1st
J-J
J-J
2019
17%
17%
53%
I95u
deposit
tASeaboarci All Fla 6s A ctls
Shell Union Oil 2Vis debs
2%s sinking fund debentures
IS ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Sioux City & Pacific Div-—
See Chic & Northwestern Ry
Southern
C_.
ser
108%
67
19%
j-j
—1045
ACtfs of dep (Guaranty Trust)—
ACtfs of dep (Chemical Bank)—tSAAtl & Birm 1st gtd 4s
193j
3s
imp M 4s
Tol & Ohio Cent ref &
79%
108%
.2
54
17%
j-j
of dep (N Y Trust)—-—
ACtfs of dep (Chemical Bank)-—
Tel
104%
*104% 109'%
Zvy -iayt;
y> 3
A Ad J
106
108 ]/4
—
109
109
j-j
A Ctfs
Bell
106%
St Louis—
Tri-Cont Corp 5s conv deb A
52%
109
——
§A4s gold stamped
ACertificate of deposit
South
107%
105 %
-
*109%
M-S
M-S
1950
gold 4s unstamped
ACertificates of deposit
8 a 1st
ACertificates
105%
105%
1
1
»
106% 107 %
Pac
-■.j'-'V *125%
M-S
M-S
1»B»
V & N E
6s
103%
1
6
'■
..
108%
Texas
105 %
71
103
1971
1952
Depot 3%s B
4s fi l deb1st gtd 4s
ISeaboard Air Line Ry
Paul Union
Schenley Distillers
cons
106%
Gen
__
103
72
j ~-j
--—1989
A 2d 4s inc bond ctfs—
Nov 1989
i A 1st term & unifying 5s—-——1953
A Gen & ref gold 5s series A----1990
St Paul & Duluth 1st cons gold 48-1968
t§ASt P & K C Sh L gtd 4Vis
1941
A]st
105%
107%
107%
*102%
Jf-N
Louis-Southwestern Ry—
1st 4s bond certificates
5 A Refunding
13
;y
tSt
'
65
106 %
106
A-O
107%
104 %
j-j
Mt & P 5s stpd
1955
tit Louis San Francisco Ry
A Prior lien 4s ser A
>—1950
ACertificates of deposit
A Prior lien 5s series B
1960
ACertificates of deposit
ACons M 4Vis series A—-----19'»
A Certificates of deposit stpd———
.,ry.
106
105%
Gen
107%
A-0
St L Rockv
Scioto
High
103%
F-A
107%
8
j-j
§ A 1st 4s stamped——1933
ACertificates of deposit..
——
St
Low
58
9
1950
105%
73
107
1990
2d gold 6s
——1990
tSt Louis Iron Mountain & Southern—
of
s I gold 4s
1953
mtge 3%s series B__1974
Company 3s deb
Third
A-0
Adir 1st gold 5s
59
105% 105%
'
1959
1st
Lawr &
:
v-:-;/ y:,:I 6
108% 108%
/•y 30
Union
St
\ ••
■
Tcxarkuna & Ft Smith 5Vis A
101%
106% 106%
105%
j-j
Saguenay Pwr Ltd 1st M 4Vis——-J®®'
St Jos & Grand Island 1st 4s
1947
J-D
1953
Assn
impt
Texas et
Rensselaer & Saratoga
Rut-Canadian 4s stpd
J5 A Rutland RR 4%8 stamped
1861
deb 3s
59
■:)
P-A
Texas
100%
20
101% lOlVa
J-J
1997
1997
1956
JA
RR
refund
&
Ref
A-O
RR Co—
Gen mtge (4.7%
for 1945,) due_1975
Revere copper & Brass 3Vis
TSOO
J j a Rio Grande West 1st gold 4s__1939
A 1st cons & coll trust 4s A
1949
Rochester Gas & Elec Corp—
Gen mtge 4Vis series D
1977
Gen mtge 3%s series H
1967
Gen mtge 3Vis series I
1967
Gen mtge 3Vis series J
1969
AR I Ark & Louis 1st 4%s
1934
Apr
1968
Co 2%s debs
Ref
1951
B
3l/as
deb
debs
debenture
Gen
Rand
2%s
1
*151%
*230 Va
r
Gen & ref 4%s series
Calif
'
108'%
3s
Remington
of
110%
107%
*110
No.
103% 103%
Sunray Oil Corp 3% debs
Superior Oil 3%s debs
25
25%
*108'/a
January 1
Uiah
104
Q
Reading Co Jersey Cent coll 4s
Gen & ref 4%s series A
.
Low
101
II
Range Since
Sold
Bid & Asked
t
107%
—
Bonds
Thursday's
or
•
i
Gen
Quaker Oats 2%a deb———1964
Last
Sale Price
Hiqh
100%
*102%
Jf-N
31-8
J-J
y Af-N
J-J
J-D
Interest
Period
*113
F-A
Thursday Week's Range
New York Stock Exchange
103%
35
!
—
*108%
J-J
30
January 1
Uiah
*100%
MARCH
ENDING
Range Since
Sold
103% 103%
103%
m-S
J-J
Bonds
Bid & Asked
Low
WEEK
FOR
BONDS
Thursday Week's Range
Last
or Thursday's
BOND*
New York
BOND RECORD
130
a-o
98
130%
28
98%
204
97%
2
'106% 107%
109%
95%
'
-
109% 109%
107% 107%
*
21
7
not included
99%,
the year's range,
In
I
§Negotlability Impaired by maturity.
tThe price represented Is the dollar Quotation per 100pound unit of bonds.
Accrued Interest payable at the exchange rata of $4.8484.
tCompanles reported as being In bankruptcy, receivership, or reorganized under Baetlon TT of
.
the Fn«kruntcv
Act.
securities
or
and
bv such
assumed
asked prices;
no
comnanle-
sales being
transacted during
current week.
NEW YORK CURB EXCHANGE
WEEKLY
and
NOTICE—Cash
a
delivery sales
week
which
in
following extensive list
March
the
deferred
footnote
In the
In
in
they
disregarded In the week's
are
No
occur.
we
security, whether stock
every
or
a
(March 30, 1945)..
It is compiled
STOCKS
York
Curb
.Last
Sale Price
Par
ACF-Brill
Acme
Aero
Motors
Wire
warrants—
.
Mfg
Air
Associates
Air
Investors
Convertible
21%
21%
21%
100
4%
4'/8
4%
1,200
11%
12%
700
1
(N J)
preferred
jot/,
J0 3/t
2%
2%
10
ENDING
MARCH
High
O
Of)
200
2%
Jan
6
Feb
Jan
29
Feb
see
page
1453.
York
Curb
1«
Thursday
19
Jan
21% Mar
4% Mar
9 %
Jan
12 % Mar
2% Mar
5%
Week's
*131
.
•dfi/uioo
•
Sales
Last
Exchange
'
•
Electric
Alabama
Great
Range
for Week
of Prices
Shares
Low
PaT
'
Mfg Corp
Air-Way
50c
Appliance
3
Southern-
50
6%
Range Since January 1
Low
High
6%
4%
High
5% Mar
8
700
3%
Jan
5%
99%
Jan
115
Mar
116
5%
4%
Feb
117%
Mar
106
Jan
107 %
Jan
6.400
Jan
"
113
114
300
106
106
60
Feb
Feb
13%
Feb
13%
Jan
3'A Mar
Alabama
$6
Power Co
$7 preferred
preferred
Alles & Fisher
Allied
For footnotes
intendedLtOc\
y
Sale Price
Aireon
.
Saturday,..
30
STOCKS—
27%
5
common
WEEK
New
Low
100
1
common
Inc
4%
1
;
FOR
Range Since January 1
Hinh
2
B
A ins worth
Shares
4%
,
entirely from the daily reports of the Curb Exchange itself, and is
for Week
Lrnn
1
regular weekly range ere afcowa
^
the New York Curb Exchange for the week beginning on
on
Sales
Range
of Prices
10
common
8upply Mfg class A
Class
■-
range for the year.
bond, in which any dealings have occurred during the current year.
Week's
Thursday
Exchange
RECORD
transactions of the week, and when selling outsids the
complete record of the transactions
RANGE
New
YEARLY
unless they are the only
account Is taken of such sales in computing the
furnish
24, and ending the present Friday
include
AND
range
Intl
!
•
*
1
common
Investing S3
conv
pfd
•
6%
41
Jan
10
Feb
Jan
48
Feb
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
.Volume 161
NEW YORK CURB
RANGE
stocks—
New
York
Week's
Thursday
.
'<■;
Last
Exchange
Curb
Par
Allied
Products
Class
A
conv
Low
High
29
Jan
32%
Jan
30
Jan
31%
Jan
'
Altorfer Bros
Aluminum
6%
Co
Co
*
common
Aluminum
Goods
Aluminum
Industries
Ltd
Aluminium
6 7o
American Beverage common
Book
American
Cities
American
"2
2
class
'■
21
Feb
Jan
v
Long Dividend Records
99
r>fv '
Mar
on request
Feb
110
t
'
Jan
26
Jan
Jan
2
Mar
2%
46
Mar
5074
Feb
11%
Jan
16%
HERBERT E. STERN & CO.
Jan
290
14
with
Feb-
Jan
400
4914
13'A
Feb
members
of
the
23
A
49%
50%
450
47
46
46 %
150
43%
5%
3,400
574
American
&
American
Fork
American
Gas
474 %
474
39'A
38%
; Jan
52
4
Hoe
hi
31%
10
Jan
100
Jan
44(4 Mar
A
Jan
;
43 %
25
18%
American
Hard
American
6 %
American
Co
Mfg
common
18
18%
Jan
113%
8%
Jan
10%
44%
Feb
51
Feb
18
24%
Jan
32%
Cable Electric
Voting
Cables
36
Jan
21
Feb
28
Mar
California
Jan
70
Mar
Callite
Jan
105
Mar
Camden
1(4
Jan
350
51
1°
21,200
American
Calamba
Potash
200
32%
13%
15
14%
Republics
3%
47%
Feb
16%
Mar
Canadian
474 Jan
6%
Feb
Class
A
Class
B
1/2
%
8,200
%
Jan
126% 126%
25
120%
34%
Jan
21%
474
18
2,900
700
5
%
127
*
Jan
Feb
Feb
Mar
26%
Feb
4(4
Jan
5
834
8
8%
2,800
5%
Jan
8% Mar
5%
5%
5%
2,500
3%
Jan
6%
Mar
Feb
274
2%
2,300
10
9
8%
9
2,100
6%
674
6%
2,200
pfd
Co
&
Participating
Am dep
Inc
Argus
18%
£ 1
1
•
pfd—100
1
rets ord reg._
3
11374
7 %
8%
111%
26
26
25
26
Jan
6
6
100
6
Jan
6%
Jan
•
574
5 74
100
574
Jan
674
Jan
2%
2%
5,700
17%
17%
325
I
class
Feb
Carnation
Feb
Carolina Power &
Feb
114% Mar
2(4
•
A
774
474
1,200
7%
Jan
9%
Jan
1,700
374
Jan
4%
Jan
374
4 J/4
6,800
374
Jan
5% Jan
(J
28
•
A
4
•
10
non-voting
W)
Light $7 preferred
Co
Casco
(A M)
preferred
H 0 Cl-
1—< 0
600
X
—vV
Aro
/
2.50
Equipment Corp
Art Metal Works common
Electric
Associated
American
dep rects
14%
1474
774
8 74
"*174
"l74 "l74
&
Atlantic
Coast
Atlas Corp
Atlas
RR Co
Coast
Line
9
—
pfd—100
Jan
Central
16%
Feb
Central
Power
9%
Jan
Central
&
Ohio
9(4
75
I
~8T4
~8%
1,400
73
77%
275
5874
Mar
l7/8
Mar
Feb
17
Jan
274
2,100
274
Jan
8(4 Mar
1074
1774
1
—•
5
11
400
10%
18
3,000
17'A
600
"574
200
574
A'A'A 'V
—
25
&
l'/o
46%
20
112(4 113%
110
112% Mar
115
150
112
114% Mar
46%
16'/a
Feb
200
Chicago Rivet & Mach
1374
Febv
Cities
18%
Jan
'■
1674 Mar
$6
29%
1,800
35
Jan
Feb
70
7%
13
i
13%
600
~2%
-
6,100
12%
25
23%
70%
IS
Feb
825
28
14%
Feb
120%
Feb
274 Mar
23% Mar
76
690
27
.290
24
24%
275
24
32
%
2,900
4 (4
1074
67
Mar
3074 Mar
Mar
30% Mar
;
4% Mar
8% Feb
200
U
Mar
Mar
76
24 % Mar
4
74 Mar
Jan
70
11
106
Jan
24%
"4%
574
1174
Jan
Feb
10%
118
118
•
120%
12%
16%
125
17%
17%
Jan
Jan
18
Mar
Jan
122
Mar
112
400
\
Feb
'35%
35%
36
300
34%
Feb
3674 Mar
12%
12%
1274
375
12%
Feb
14%
1%
1
1%
8,000
102%
100
18'4
•
103
16%
118
122
275
.
18%
21%
Feb
Jan
131%
Feb
11
Jan
12% Jan
123% Feb
119
11074 Mar
•
Homes
9%
9%
300
9'A
9'A
Feb
Jan
117
100
10
Auto Stamping
Feb
Jan
1674
2,400
11%
174
85
17,100
123
11%
if Jan
•
&
9%
.
Feb
118
"l74
2%
_•
City
Jan
104% -Jan
10
preferred
Suburban
200
Feb
100
common
City
32%
31%
8%
Feb
10%
1
preferred B
preferred BB
$6
19%
26% Mar
Jan
•
SChilds Co preferred
Feb
Service
14% Jan
A 774 Mar
—4
common
Mining..
26
Jan
100
4,700
8'A
5
25
Consolidated
15%
106% 10674
106%
5
Chief
Mar
24
1
common
Chicago Flexible Shaft Co
Jan
10
~8%
10
Feb
Jan
"7%
100
America
Feb
B
•
29__
Jan
6
46% Mar
Feb
15%
.100
Chtsebrough Mfg
60c
Wilcox Co
ser
23
16%
100
,
20%
V;
50c
common
Cherry-Burrell
•
100
common
Chamberlin Co of
113 %
8%
1
pM.
preferred—.100
1874
■V '
Jan
7%
Utilities
6%
Co
Feb
12%
•'
Feb
Mar
113
100
Proaucts
West
pfd opt div
Corp
Feb
15
Jan-
42%
Feb
Mar
100
piu
div ser
Aircraft
Onai.s
18%
30
113
•
com
pfd
...
pfd opt
Conv
7%
Light
South
preferred
Conv
Elec
&
10% Jan
a
r:.v;v.
__
3
Mar
5%
;75
„
--
1
13
Feb
83% Mar
Jan
13%
11%
Feb
17'A
13
5
1
Ayrshire Collieries Corp
10
Jan
K?
2%
Products
3
'a
00
*
Voting Machine
Avery (B Fl & Sons common
6% preferred
Jan
Cessna
*
Automatic
Feb
74
3%
Jan
112%
1
Power
Steel
2374
1
50
Co
Forge common
Plywood Corp
Babcock &
Gas
Power
Yora
Jan
1274
9%
warrants
Automatic
Hudson
Mar
1,100
Drop
Atlas
New
Jan
Mar
12
'
10
America
§Cent States Elec
reg—
Fisheries
Coast
Atlantic
Maine
Central
774 Mar
1,400
£1
.—•
Cprirrnl
Jan
xl7
300
874
Associated Tel & Tel class A————•
Birm
1,500
14%
Feb
113
Industries—
Associated Laundries of America
Atlanta
1774
Xl7
1774
5
*1
Oil & Refining Co
Ashland
11
110(4 Feb
¥
1074 Mar
Central
6%
Arkansas Power & Light $7 preferred.*
Jan
•
*
Co
&
of
Corp
IOO
15 "V
1
com
Products
Castle
Catalin
26
•
common—:
•
class
Common
174
16%
•
preferred
Carter
Feb
874 Jan
100
4
Jan
Jan
Ltd—
Products
Co
2174
•
26
$6
Mar
874 Jan
Jan
25
voting
Co
9
674 Mar
Alcohol—
Canadian Marconi
&
37-4 Mar
9% Mar
Jan
Foundry Ltd—
voting
City
Jan
Jan
674
«
preference
non
3 74
100
Industrial
20
Jan.
374
774
•
Arkansas Natural Gas common
20'A
130
11374 114
Jan
Jan
100
23%
23%
23%
3 74 Mar
20
15
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
374 Mar
Jan
774
5
preferred
Capital
Jan
174
•
Anglo-Iranian Oil Co Ltd—
Angostura-Wuppermau
High
2
1
Ltd
Canadian Industries
Carman
400
£1
Power
Insurance
Canadian Car
7%
3
preferred
Jan
400
21%
Low
2%
jCorp
Cement
6%%
Jan
5(4
20 %
Feb
Jan
5%
126 %
Range Since January 1
High
50c
Estate—
Electric
Fire
31
.4,700
Low
_1
dep rets 5%
Sugar
41%
13%
Chemical——..*
&
10
American Seal-Kap common
2
Amer Superpower Corp com
—10c
1st
$6
preferred
*
$6 series preferred
•
American Thread 5% preferred
5
American Writing Paper common
•
Anchor Post Fence
S
American
2%
31(4
*
Meter Co
American
American
2
254
—1
Co
Shares
50o
certificates—
Tungsten
Canada
Maracaibo
American
for Week
Wireless-
Jan
Feb
Products common
trust
&
Mair
26
105
105
Mar
17%
100
60
.7;
Sales
Range
of Prices
Par
100%
3,100
Week's
Last
Sale Price
Feb
Jan
48(4 Mar
-
Thursday
Exchange
Feb
400
19%
Curb
Feb
41 %
25
York
2074 Mar
34%
300
26
57
59
Jan
Jan
111%
550
,
34
18 (4
26
19 %
100
Preferred
48(4
32(4
20
25
;——25
100
preferred
17%
3,800
43(4
New
Mar
%
31
250
9(4
43
48%
Laundry Mach
Light & Trac common
American
Rubber Co.
450
3,800
113(4
9%
Corp common—10c
preferred
1
preferred
1
convertible
N. Y.
7% Mar
38(4
19%
33
113
General
convertible
$2.50
f
19
31(4
•
common—
Electric
exchange
New York 5,
Jan
2,300
18
curb
Jan
48%
Jan
3,200
40
%
Power warrants—
Foreign
&
10
common
preferred
American
$2
Co
york
"
STOCKS
Cyanamid
new
30 Pine Street
ijight—
A
American
Exchange Common Stocks
Jan
9
117
400
46
14
List of
•
New York Curb
42(4 Mar
Jan
15%
86%
1,200
25
Convertible
Class
&
100
19 %
98
49 %
1
Mfg
Power
112%
19%
108
100
Co
Central
American
50
19'A
95
*
100
1
„
8% Jan
36(4 Jan
2,100
115
93
•
common
common
3974
115
100
*
Mfg
preferred
38'4
38%
*
common
preferred
30
MARCH
Range Since January 1
50
23
common
EXCHANGE
ENDING
Sales
Shares
291/2
2974
10
(Mich)
WEEK
for Week
Range
of Prices
Low
Hijh
Sale Price
FOR
1449
100
8% Jan
9
Feb
11%
Feb
Jan
974
Feb
Jan
22%
Feb
Baldwin Locomotive—
for
warrants
Purchase
12%
Rubber
de
Steel
&
Co
(L)
A
Mills
Tel
of
&
3%
3,100.
16%
16%
574
6%
2,000
874
874
500
•
74
21%
21
4
4(4
Colorado Fuel
..100
10 %
Feb
Jan
24%
Mar
Jan
36
Mar
Jan
574
Jan
Feb
145
Jan
•
31
31
31%
150
30
Mar
46%
Feb
•
common
preferred
40
40
40
100
36%
Mar
46
Jan
common
1%
Jan
Birdsboro Steel Fdy & Mach
Blauner's common
.■ZVA
2
2%
4,600
15
n%
Co com—*
n'v
12 (4
1,300
,
147
2(4
17
Jan
11
12%
12%
100
10%
Jan
20
22 %
7,900
15%
Jan
23(4
Mar
4%
4
8,000
3%
Jan
574
Mar
•
51 %
Jan
57%
Feb
51%
%
54
51
1,600
$3
13
Southern
extended
Bohack
7 %
(H
1st
C)
Co
7%
25
2d
1
'
;
—•
Feb
Mar
Jan
35 74
1274
Jan
14
2,500
74
Jan
200
174
37%
Jan
—
Gas
Consolidated
Royalty
Consolidated
Steel
Gas & Electric Co-—Y
1,200
20
Jan
23%
Feb
Cook
2,900
15
Jan
19
Feb
474
British
Am
Co
4
474
5,900
374
Feb
8%
1,200
"774
Mar
17
Mar
17% Mar
21
Jan
2274 Mar
19%
Feb
20%
Jan
1974
Jan
20 %
Feb
474
Jan
American
dep
British
1074
Amer
Jan
dep rets ord
$5
class
A
Rubber
(EL)
Co
Bruck
Silk
Mills
&
32 % Mar
JS
Jan
2 74 Mar
Jan
1374 Mar
"'1%
200
69 74
A
6
8%
67%
Feb
874 Mar
Jan
7274 Mar
3
118
Jan
110
Jan
574 Mar
8
774
Jan
Jan
5374
Feb
Jan
1074 Mar
43%
9%
1,300
874
Feb
11574 Mar
;
115
IOO
3%
1,000
2%
Jan
20%
s
3,200
18%
Jan
1,800
474
Jan
2,200
1374
Jan
7 18% Mar
270
108%
Jan
112% Mar
5
474
5
Jan
Jan
51%
,■
1874
19%
15%
1474
11074 112
17%
17%
150
10
374 Mar
25%
Jan
6%
Feb
16%
3%
102
1774
Feb
874
1,650
874
Jan
9%
Jan
74
*
Jan
874
8%
1
2%
43% Mar
Jan
375
11574 11574
..1
/
/
common
U
4,100
A
Jan
H
16
16%
102
3
3%
800
374
.
3%
1,900
103
3%
1474 Mar
;:2
40
84
800
274
50
Petroleum
Feb
108
1,000
5074
preferred
1,000
80
574
574
1
*
—
1
116
*
5C
L
convertible
:
70%
110
110
*
Reynolds.:
preferred
Z%
Feb
A Jan
Jan
7%
100
Varnish Co
Co
Cornucopia Gold Mines
$6
79
Jan
27%
-
33
Feb
16% Jan
Jan
4
Jan
109
Jan
374
Jan
38
Feb
Feb
Feb
Mar
—
;
V'y#—
—
■
5%
200
574 Mar
V
6
100
25
25
500
1
.
Ltd
21 %
20%
22 74
93
4%
93
4
33
5
_•
•
21
574
Jan
21
Mar
274
'
6
t
common
5%
Croft
Mar
33
1,800
Crown
33
'
•
Feb
"
374
26
:
""V—'
1
7%
27
9%
.
Feb
2374
<
93
-
Jan
Mar
convertible
Crystal
$6
Oil
preferred—t—
Refining
Jan
Cuban
Tobacco
common
Feb
Curtis
Lighting
Inc common
Feb
Curtis
Mfg Co
Jan
10%
11
11
11%
1,800
10
Jan
1274
2174
2074
2274
7,000
20%
Jan
24
112% 11274
400
111%
Jan
114%
3,000
1074
Jan
13%
Feb
25
—5
*
2674
174"
9
8%
17
4
1%
Feb
Mar
11%
Jan
97a
Jan
7% Mar
15
100
~3%
400
2 3 34
7.000
14 74
14%
200
.
Jan
3%
Jan
Jan
274
Jan
35
Jan
19%
;
4%
27
Feb"
Feb
474 Mar
48
Mar
2874
Jan;
13 %
18
Jan
Feb
6%
Jan
Feb
10%
(Mo)
Feb.
2274 Mar
4% Mar
2.50
preferred
1st
25
preferred
Hill
&
•
Sullivan
Burma
Corp Am dep
flurry Biscuit Com
(P
For
H)
2.50
12%
174
174
174
6,000
1%
Jan
2
Jan
_12Vac
374
3%
374
1,500
3
Jan
4
Feb
6 74
674
1,000
474
Jan
rets
25c
common
footnotes
see
12
Mar
Jan
13%
page
1453.
674 Mar
D
Davenport Hosiery Mills—
Dayton Rubber Mfg
Class
Dejay
A convertible
Stores
——•
1
31
1
—
Jan
3174
Feb
24
25 %
1,400
22%
Jan
29
Feb
39
25'A
35
jt
Jan
Jan
9
400
22 74
2374
974 Mar.
2874
1
2,000
2,700
Jan
2574 Mar
4,100
10,900
26%
374
Feb
12'A
9
7%
17
•
>———10
Sugar
Mar
8%
common
preferred
Atlantic
Jan
9
—25c
Cuban
574
36%
Jan
*'
Drug Co common
Feb
1%
*
International A
Cork
2574
1%
5
Crowley Milner & Co
Crown Cent Petrol
(Md)
2674
1
Co
Crown
'
Jan
20
91
2,200
iy.
Jan
24
10
474
'
574
Brewing
974
reg)—£1
8
Feb
234
Feb
receipts (ord
dep
Petroleum
Feb
'
«...
American
Creole
Niagara & East Power—
$1.60
Butler
--
*
common
Buckeye Pipe Line
$5
—
*
Distillers.
Co
Bruce
Bunker
100
/: ■:
.
a
prior preferred
Buffalo
17
■
--
•
•
Forman
vV
10s
reg
B
Fence <& Wire common
Class' A preferred—
Brown
preferred
prior
Paint &
Cor? -x>n
Jan
1/64
400
Court&ulds Ltd—
£1
Brown
Brown
—
£1
reg
Power
7%
Cosden
•
Ltd—
Columbia
Class
17
~
-
Tobacco—
ord
rct«
Celanese
British
"774
•
Oil Co
dep rects ord bearer
Am
"874
—•
common
A
American
& Machine Co
Coro Inc d
•
Mfg
Co
Copper' Range
Jan
71
3.300
1174
9%
lOo
Continental
374
474
240
A
150
50%
—10
•
Feb
•
Class
OH
Corp...
Fdy
17
3% Mar
Jan
7 74 Mar
3,000
1
Continental
22%
700
39%
174
8
Smelt Ltd
Consol
3%
Feb
Jan
43% Mar
100
Feb
1574
Bridgeport Oil Co„
Brillo
&
Stores..
preferred
2074
Bridgeport Gas Light Co
British
Mining
Retail
17
.1
...
1
Jan
48
974
Jan
35
31
174
•
common
Utilities
Consolidated
2174
40
Jan
•574
1,350
13%.". 13%
70
*
•
Feb
Jan
77%
1%
1%
1
110
39
■
474
7674 Feb
2,100
18
Mar
174
46% Mar
1274
■
5%
30y2
*
1
Lgt & Pwr
common
A
common
Textile
874
Jan
Jan
36%
30%
preferred
8%
700
9
5'A
*~
Jan
115
Jan
32
50
75%
8%
1,200
1
^J,""
100
;
Aeronautical
Brewster
1274
Jan
110
33
—
•
Tracttoo
Corp
tV'i
——
33
A
•
common
preferred
Brazilian
974
'
33
•
1st preferred—
Breeze
200
20%
Jan
15%
1,200
11%
1174
100
Inc
Bowman-Biltmore
19
''
preferred
Bourjois
$5
•
common
Scrymser Co
Borne
17%
77%
474
35
Co
Consolidated
•
874
35(4
25
1
1946
to
Biscuit
Consolidated
Jan
Jan
series B preferred————100
series C
100
4%%
7 28 %
474
474
wariants—
preferred
V4%
250
274
Jan
100
&
Gas & Coke Secur
Conn
4074 Mar'
Electric—
Consol G E L P Bait
12%
22 'A
1
4
c
12
Jan
Jan
5%
Public Service
Water Service
Compo Shoe Machinery—
t
Jan
374
25
Community
Community
V
Jan
8%
35%
1174
warrants
preference
Commonwealth
1%
100
250
4074. 41
474
Arms
Jan
•
Corp common
$3 optional convertible preferred
Blumenthal (S) & Co
1
5 %
&
2,500
174
10
39%
,
•
1
Iron
&
Fire
Gas
'
•
ordinary.—
Consolidated
1
common
Ridge
Columbia
1%
3874
100
Co
common
Airlines
Patent
1%
3874
10
Corp
Co
Feb
14%
Mar
Feb
Mar
Colt's
1
•
Inc
Development
Colonial
4
700
Colon
1974
Mfg
Illuminating
Utensil
Plow
Feb
Mar
18%
1,600
Coal
Aluminum
Jan
7%
11%
125
Jan
1
W)
Clinchfield
Club
'
i
Lights
Electric
Feb
18% Feb
Co
& Lambert
Feb
29
21
1
Canada
Jan
Mar
1
20
1
(E
Neon
3%
5% Jan
8% Mar
106
10
common
Berkey & Gay Furniture
Blue
Claude
Clayton
1274
Feb
16%
100
Bickfords Inc
Bliss
Feb
3
50
6
1
Inc
Ties
Inc
Hedges
Convertible
3%
8
common
convertible preferred
Bellanca Aircraft common
Bell
Jan
12%
Cockshutt
common
Brummel
3%
1
$1.50
Benson
42%
Jan
11% Mar
convertible
Beaunit.
Jan
10%
Cleveland
1st preferred
Beau
1,400
15% Feb
Mfg—
Refractories
1%,
n%
Jan
41
1
common
Corp.."
Seelig
Baumann
11%
10%
shares
American
Barlow
Basic
18,700
Andes—
los
Barium
$1.20
13%
30
preferred
Ifo
Baldwin
Banco
11%
n%
common
Controller
Clark
39
20
35%
Feb
40% Mar
15
15
100
15
Mar
18%
Feb
!
THE COMMERCIAL
1450
& FINANCIAL CHRONICLE
EXCHANGE
NEW YORK CURB
FOR
RANGE
Week's
Thursday
STOCKS
Curb
Shares
Low
Mfg class A common— ...8
Detroit
UasKei
6%
Gray
De
Iron
Foundry
Shoe common—...
Feb
Hazeltine
53/4
Jan
6%
2,700
200
27
Jan
213/4
Jan
Co
263/4
Feb
10'/2
Feb
11
18
Jan
20
Mar
...
18%
18%
17%
13% Jari
900
20% Mar
111/4
900
4%
Jan
14'/8
20
1,400
Jan
29
4'/4
1,300
53/4
Jan
25%
26
100
25% Mar
6%
7
500
26
6% Mar
Feb
Mar
Co
5»/2%
*
28
Hewitt
Corp
Heyden Chemical
(R)
Feb
Mar
7%
Feb
Horder's
Hormel
Co
(Geo A)
(AC)
Horn
& Hardart
&
Co
Jan
Humble
Oil
Jan
90
Feb
100
8 3/4 Mar
10
Jan
33/a
Jan
4
Feb
Huyler's
123/4
100
ll7/s
Jan
Feb
1st
&
Hussmann
500
84
50
143%
2%
2%
4,500
Jan
2%
82%
82%
83%
500
78%
Feb
85
48%
51%
1,375
463%
Feb
55
35%
35%
25
333%
Jan
1%
1,600
1%
Jan
2
Feb
..28
~1%
_•
States Corp
V
preferred series A
preferred series B
1%
Sugar Associates—
1
preferred
Washing Machine B
Economy Grocery Stores
Electric Bond & Share common.
$5 preferred
$6 preferred—
Electric Power & Light 2d pfd A
Option
warrants
Electrographic Corp
Elgin National Watch Co
—
Fibre
Corp
Ligonier
Co
:
preferred
,
Feb
Illinois Power Co
■W%
5%
50
483/2 Mar
58
Feb
Illinois
'•
250
48% Mar
57
Feb
Imperial
44%
9%
800
8
Ilia
~9%
10%
10%
37,800
98
92
93
1,100
'
.
20'%
Mar
Jan
12 3/8
Feb
Jan
100
Jan
101% Mar
Jan
943/4 Mar
70
Zinc
Registered
Imperial Tc-bacco of Canada.
Imperial Tobacco of Great Britain
Ireland
Mar
Jan
Jan
14
Feb
35'A
Jan
40'/4
Feb
Common
20%
22
15
Jan
25%
Feb
7 %
57%
60 y4
49
Jan
70
Feb
Insurance
Jan
International
Cigar
Feb
International
Hydro Electric—
Preferred
series.
Jan
11
453/4
44'%
453/4
625
8
73/4
l'/2
43
600
8
Jan
Jan
73/4 Mar
Yi Feb
1053/2
12
51%
49
51%
t
v
113/2
3%
1
3»/4
'
*
*
—-8
& Warehouse Co—28
Metallurgical
10
Association
45
137a
123/2
4%
Jan
Jan
17'/2
Jan
Feb
52%
Jan
72%
72%
5a
72%
65'/4
Ford Motor Co
—£1
63/«
6%
6%
23%
233/8
23%
300
—
—
53/4'
1,400
"
non-voting
voting
Jan
Jan
22'/8
223/4
—
Jan
Feb
Jan
Feb
15
75
Jan
—-1
...1.28
—
Brewing new
(Peter)
Fox
6%
25'/2
Mar
4J-4
Mar
7
Feb
29
•.W-'-'--'.
Jan
600
900
12% Mar
18%
22
33/4
131/2
i83/4
100
17%
22
/':/-,
550
90
•/;/' 20%
V
3 3/a
100
—
88
—100
Jan
Jan
34
Jan
4
Feb
y 31/2 Mar
19% Feb
173/8
Jan
23
55%
Jan
65
$3.50
Jan
92
Mar
Co
Petroleum
100
3%
3%
900
2
2
400
91/2
100
preferred
5%
Alloys Co
Jan
10% Mar
87 3/8
Jan
88'/2 Mar
33/8
Jan
41/2 Mar
13/z
Gen
Electric Co Ltd—
£1
1
preferred series A
10
General Fireproofing common
•
Gen vias & Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred
•
General Rayon Co A stock
•
General Shareholdings Corp com
1
I- $6 * convertible preferred—..—*
Gen Water Gas Si Electric common
.1
—
—
Jan
•
preferred..
Geoigia Power $6 preferred—
$5' preferred.;.-;
(A C) common
...
-
Utilities
Aircraft
Jacobs
•
.
•
preferred
$7
Consolidated
—50
•
Mfg Co
Gorham Inc class A
preferred
Gorham Mfg common
Atlantic St
1st
7 %
Pacific
Gulf
Jan
21/4
2'A
Jan
4
Jan
103
preferred
13%
52
Jan
Jan
18
Mar
53
Stores
Products
Utilities $4.40
pfd
—
(Walter)
; 5%
Bridge
Hammermill
Hartford
Electric
Hartford
Harvard
Co
59%
400
48
\ Jan
18%
20
500
13
Jan
24
Jan
3% Mar
109
Feb
RR
Lackawanna
(N
of
Certificates
Lane
(
4
s/4 Mar
64
Feb
Jan
113
Jan
%
Jan
1
Jan
393/4
Shore
Wells
Feb
393/4
7%
9,900
200
Feb
Class
30
11'A
95
92%
95
Rayon
voting
ctfs.
footnotes
see
Line
1453.
'90%
92 3/t
150
85
Feb
96
193/4
203/2
300
193/4
Mar
22%
Feb
23%
27
19
Jan
31%
Feb
22
22
150
11%
llJ/a
600
20
20%
6,000
18%
Jan
22
20'/4
20 »/4
200
193/4
Jan
21% Mar
—/V/
20%
—
2,700
9
28
9
14%
Mar
21/4
150
Jan
23
13
3%
,
Jan
j**1
Mar
Feb
Mar
Jan
Feb
28% Mar
51% Jan
1% Jan
i*.
.>'■■■
22
9% Jan
1,400
28%
20 3/4 Feb
1,000
2%
28
/
;
9'%
2%
5312
Mar
l»/a Feb
?
—
V-"' ''''
22'
22
/■';
1
3S
"
700
22
17%
Jan
/
1
3A
Jan
Jan
233/2 Mar
9'A
Jan
IO1/4
1
Jan
19
250
9J/2
93/2
9'/a
400
3%/.
3%
33/4
4,700
5'/a
4%
5'/8
11 '/2
123/8
6,400
5%
4
9,000
12%
800
5;-",-
—
2214 Mar
; ./.
1%
Feb
Feb
43,8 Mar
.
Jan
11 »/4
5%
Jan
Jan
12% Mar
43% Jan
6%
Feb
104
25
104
Jan
1071%
Feb
108
104
—
Jan
110
Feb
108 3/2 Mar
10
x
114
Feb
213A
111
111
117
117
117
.
15%
20
14%
3,600
15%'
29%
31 'A
313/4
600
'
■
'
:v.
■
__
Feb
22
Feb
1161/2
Feb
118
__
13
Jan
15%
28'/2 Mar
9
33
Jan?
Jan
Mar
Jan
12
Feb
25%
Jan
Jan;
63
Feb
Jan
52
Mar
'
'
20
•
■''S/wii /•; r'.
:-+>mi.":
19 3/4
20
400
58
58
10
Xl8% Mar
523/2
43%
■
V
41/4
._
4%
v
7%
xl
3,700
3%
Jan
53A
7%
900
7%
Mar
9 %
Jan
xlA
4
1,800
tt
Jan
1 34
Mar
Jan
17%
Feb
Mar
173s
15%
:
v"
14%
15%
55
55
9%
14%
Feb
Mar
Jan
17%
Jan
.•
9%
100
48
Mar
61
Jan
99
10
."
_L
17
300
■
; I-.
1
J)
100
Jan
100
Jan
9
Jan
113.4
Feb
200
Lionel
133/4 Mar
Lipton
Jan
50
Feb
Lit
Jan
50
Feb
Loblaw
Jan
73
Mar
70
69%
10
57%
Jan
72% Mar
18%,
70
193/2
19%
8,500
153/s
Jan
22% Mar
41/2
4 3-8
4%
1,000
3%
Jan
9%
9%
10%
1,100
6%
Jan
13%
133/4
14%
600
5%
Feb
11% Mar
13 3/4 Mar
17
253/2
600
28
Jan
Feb
Feb
(R G)
Inc
11/2-
9%
Jan
Feb
Louisiana
Land
Mar
62%
Jan
1%
Jan
2%
Jan
Power
32%
300
281/2
Feb
35%
Feb
14
400
13%
Feb
14%
Jan
16%
800
14
Jan
19
16
-
Feb
28%
Class
28%
100
27%
Feb
3 0 34
Mar
3 3/8
3%
3%
1,300
2%
Jan
4%
Feb
,'V
24
Mar
18%
19%
300
18%
Jari'v
22
Jan
11%
113/2
3,200
10%
Jan
4,900
81/2
Jan
'11% Feb
110
Feb
112
32
Jan
A
24
Mar
Feb
15%
1%
191/4
Groceterias
71/8' Mar
10% Mar
Jan
Feb
13%
common.
500
7 %
Mar
31%
313/2
Inc 6% preferred-
(Thos J)
4
48
1%
16%
Brothers
7%
12,200
i
Corp
Jan
58
693/2
69 »/2
Ltd.
Material Co
Locke Steel
575
86
Jan
1033/2
25
135
Jan
140
Feb
Louisiana
450
351/2 Mar
38'/2
Feb
Lynch
11%
600
1034 Mar
143%
Chain
Corp common.1—*—
&
Exploration—_
9 % •
9
•
12
V
"
9%
'
"
33%
.
,
J2% Feb
Feb
73/4
—
140
8
114%
—
400
7%
Jan
30
110%
Jan
8
Feb
—
10
Corp
&
Light $6 pfd
common.
33
Feb
9'A
Feb
Manatl Sugar optional warrants.
convertible
Mapes
(The B)
Consolidated
xl0%
300
9 3%
Jan
123/4
Feb
28%
200
273/4
Jan
31%
Feb
2
X4
Jan
553%
Jan
Marion
1%
Jan
2% Mar
4
Jan
43/4 Mar
2%
X4
1,300
400
400
Marconi
Internat
Co
Mfg
Steam
Mass Utilities
Massey Harris
2
21
i/a
2%
21
400
900
4
*
Mar
36% Mar
23/s Mar
141/4
Jan
104
Jan
3
Jan
22% Mar
135
Mar
17
Mar
18
Mar
4
33
Jan
38
Mar
—£1
Co
Margay Oil Corp
53'/4
1
preferred
i
1
Communication
28 >/8
"
M
1141/z Mar
Manischewitz
10
1
page
Mar
90%
1
preferred
1,500
25
trust
Jan
Development
Le Tourneau
47
•
Co
Feb
6 '/i Mar
Oil
36'/z
114
10
71
Jan
commin
Co
Convertible
Leonard
11
—
Jan
Jan
Realty common
351/2
140
—
Feb
65
deposit...^.
Mines
Lone Star Gas
36
Feb
68,
55'/2 Mar
B
Lefcourt
393/4
~8
10
Light
Brewing
For
Ltd
Paper
-
Co—
153/4 Mar
700
11%
57'/2
115%
Jan
■75
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane Bryant 7% preferred
4 3/4
47
Jan
X113 3/4 Mar
56 3/4
1st preferred—
Brewing
Jan
Jan
113/4
27'%
20
63
55'/2
£6
•
191/2
Jan
47
Mar
Jan
3
:iiio
Inc
Stores
convertible
4 %
_
110
17%
10%
1
10
114
—-
—
common
Jan
58
11%
261%
«...
•
Emil) Co common
Rubber Co
Jan
■
100
Co
•'.
3
1
(I B)
15
123/4
"3/4
' Mar
Mar
1
G M Co Ltd
Lake
(D
Kreuger
■
400
%
;
12
2»/4 Mar
1
Lake
4,600
%
13% Mar
2'%
100
*
110
"
14
100
100
pfd B—.
1%
Lighting
preferred D
Jan
3%
58%
Jan
Jan;
Jan
100
—II•
Kingston
Products
Kiiby Petroleum
Mar
H
Lamp
11
2%
IIII5
Co
&
Kings Co
$5
Hamilton
12 3/s
23/8
•
Mangel Stores
Hall
.
2%'
pfd—100
& Lamp A
H21/2
19 3/4
"7'/8
*
11%
113/4
200
500
13
12
6% Mar
23/4
8
Jan
15%
107/8
common__25o
Feb
63/V Jan
200
Langendorf United Iftakeries class
100
Gypsum Lime Si Alabastine
173/4
12 3/4
63
1
1
•
Ilia/a
183/s
19,
~8
28
•
13%.-Mar
Mar
92
16%
50
Mar
i, 650
;
Mar
163/4
;
17%
Feb
'
•
Northern Paper.'
State
50
55% Mar
Mar
K
Feb
Mar
13/4
Tea—
stock
common
Greenfield Tap & Die
Grocery
200
—
1
B
Co
Non-voting
Great
20
:
'
10
Grand Rapids Varnish
Great
—-
.
'
•
$3
Mfg
100
•
--
1
Mines
Goodman
Gray
IO41/2
Jan
'
—
Goldfield
Jan
84
1113/4 112
•
1
•
Sugars class A—
Godchaux
101
23%
•
Coal..
(Adolf) Inc common
Gobel
10
20
18
Jan
15
1,000
12%:
—
Mar
53
Kresge Dept Stores—
145
-
18 "a
700
2,500
52
•
1
Inc
Jan
Jan
17
Jan
114
preferred- —100
7%
Kansas Gas & Elec
Kobacker
132
981/z 100
14%
preferred:
.——.100
7%
preferred———
—100
Julian & Kokenge Co
—•
Feb
70
1,200
2,300
'
6 %
Knott Corp
140
31/4
16%
.
IS
50
1
00m
Jersey Central Pwr & Lt 5'/a%
Kleinert
Jan
3
3%
Corp
Engine Co
Klein
18'/a
—;■
143/4 Mar
23%
(F L)
Co
Glass Co
Feb
600
99
1,700
10
Jeannette
Feb
20
99
15%
H%
Iron Fireman Mfg voting trust ctfs—*
Irving Air Chute
1
Italian Superpower A
•
Jan
Feb
1033/2 1033/2
'
'■
B—
preferred
9
81/4
/
Jan
15
12%
v
*
shs„•
Equipment
$7
Power
7%
500
-
:
.....—
Razor
16'/2
400
87/a
140
—w
.16% Jan
6,3/4 Mar
7
19%
„
Co
Gladding McBean & Co
Alden
Feb
153/4
Gilbert
Glen
*
_•
—
6%
'
•
•
$3
Gilchrist
3'/2
8 3/2
/'.
—-
5%
Feb
15%
•
Royalty—
Klrkland
dep rets ord reg
Amer
37/s
»
General Finance Corp common
*
•
—-
1
*
Mfg Co common
General
Feb
31%
Mar-
28
250
50
Products
interstate
■
'
Gellman
Feb
4%
19%
A
coupon
shares.——
Investors
Kidde
10%
14%
Jan
V;
Key Co common
10%
Mar
Jan
28 3/2
——._—»
$3.50 preferred
Interstate
Home
Kennedy's
•
common
"
28
Mar
G /:■
Power
83'4
10%
•;'/ 600
•
Industries
Metal
Ken-Rad Tube
Gatlneau
-Feb
10
Machine
Feb
77
'
cdnv
.A%
5
123/4
12%
.-
stock
convertible preferred
$3
Jan
5% Mar
300
5%
50
Mar
'
'
3%
—1
Froedtert Grain & Malt common
1
Fuller (Geo A) Co
1
Stores
Franklin
1%
5%
„
Distilling
Co
Franklin
3%
—
Pitt Brewing Co..
Mar
3%
500
4%
24% Mar
Ford
Fort
133/2
Feb
28
100
of North America.
Co
International
Jacobs
Motor of France—
Amer dep rets bearer
Jan
28%
7% Mar
800
7%
73/8
4 3/8
Jan
113
Jan
43
6.800
45%
13%"
-43%
34
Mar
23
1
International
163/4
Jan
110
50
&
Jan
381/4
91/2
8
Warrants
54
3,500
30 >/4 Jan
375
32%
110
43
43'/4
International Minerals and Chemicals—-
2,400
13%
Feb
6 3%
International
3,000
3%
.46
Jan
11
6%
Feb
133/2
-•
423/4
40%
Jan
13%
Feb
11'/2 Mar
3% Mar
1,300
Mar
8
133%
Jan
'
■
Brewing
12
37
—
16'/4
common
1
International Safety
11%
c
preferred
International
1
20
16 3/4
.
Registered
Fairchild Camera & Inst Co
Fairchild Engine & Airplane
Feb
37
55'/2
9'/4
Jan
Feb
Feb
15%
15
473%
46%
1,600
11%
183/4
Jan
16
323%
Jan
Jan
Jan
—
'
93/a
14
1
Industrial Finance
2% Feb
29%
Jan
14%
200
„
Indianapolis P & L 53/4% preferred.100
Indiana Service 6% preferred
100
7 %
preferred
;
100
225
24,800
3,700
15%
£1
...
21%
Inc..
Eureka Pipe Line common
Eversharp Inc common.———.
B
....
373/4
Esquire
Class
;
*
363/4
1%
10%
55 '/a
*
•
'
37%.
1%
39 %
£1
A
1%
22% Mar
Jan
*
11'/4
Jan
Jan
Industries—
100
1053/4
Feb
19 3/8
33
£5'/2'
Co
Chemical
600
175
23%
500
16%
%
2,300
Jan
400
16%
13 %
3/4
18 3/4
"
13
—
A
Jan
100
■
Jan
211/2
110
SO
dep rets regis
Imperial Oil (Can) coupon
Feb
95'/4
1,200
88
113/4
97%
300
99% 100
97%
47% Jan
Jan
93/2
.
Jan
Jan
393/2
1,250
8%
17
conv
preferred--------District Electric 5% pfd
Emsco Derrick & Equipment
Equity Corp cominon
$3 convertible preferred
Am
Jan
9
5%
34%
32
32%
common..
preferred—i——
conv
49
42%
5%%
Class
Mar
18
100
6%
20
—
Dividend arrear ctfs.
49%
Empire
Ford
Mar
106
Mar
48%
•
(Phila)
Ltd—
dep rets ord reg
Motor of Canada-
13
Jan
Mar
17
37
37
8
•
8
•
1
1
•
I
Inc
Am
$5
Fire
Jan
11
103 3/b
50
•
•
common
48y2
49
Easy
■"
Jan
;
*
Refining
Hummel-Ross
373/4 Mar
Co
Feb
Jan
15
Feb
483/4
Federal Compress
12%
25
Jan
103/s
100
50
.100
Fedders Mfg
Jan
Jan
153/2
103%
*
Baking Co
(Harvey)
.100
prior preferred
preferred
Eastern Malleable Iron
Fansteel
50
20 3/4
1
common
Hubbell
8a/4
2%
2%
Gas & Fuel Assoc common..
Falstaff
Feb
14'/2
;
/
2
8 % Mar
20% Mar
—■
—
i
36'
33%'
8
Hardart
123/4
common
3,300
20
20
•
—•
preferred
3%
90
M
& Co common
Horn
3%
..1
G
common
Inc
Feb
4»A%
Co
Jan
11% '
6%
10
Consolidated
Hoiophane
82 «/2
6%
Elliott
8%
40
.
2.80
common
Electric Securities
flygrade Food Products
Eastern
Jan
'
'^4*'
8
Hydro
$6
46 :/2
50
106 >: 106
'
$7
834
Jan
'';v
•
class A
& Co
83/4
90
common.
Duval Texas Sulphur
Eastern
61/4
— —
100
common
38Jan
lo
Test Corp common
East
900
11
U%
1
Rubber
5%
Duke Power Co—
<
7%
—.2
w
Common
Ltd
class B
w
200
•
common.....—....
High
Jan
30% Mar
31%
49
•
preferred
Low
7
'•
'
63/4
7'/a
25o
———
77'/2 Mar
Hosiery
8
Co
Range Since January 1
High
'4—
80
Horn
25%
Ltd
Harris Co
Durham
13
29
4%
1
8teel Si Coal B
Co
Low
31'/2
Henry Holt & Co participating A
Hollinger
12%
25
12%
1
1
common.
Textile
Shares
—
Rubinstein
Heller
Jan
Bridge Co Ltd
Dominion
——
Class A__
343/4 Mar
253/4 ,Jan
—£1
Dominion Tar & Chemical
Mining
Helena
Hoe
Dominion
Corp
preferred
Hecia
2% Mar
7'% Mar
for Week
of America B non-vot com__l
Dept Stores common
6%
Jan
17% Mar
Jan
29%
IIZi
Dominion
Duro
Jan
1'/2
5%
Domestic Industries class A com—
Driver
Jan
213/4
28%
Corporation
Draper
Hat Corp
Co Ltd—
Dobeckmun
.
16
3,100
11%
Range
of Prices
Par
Feb
..10
dep rets ord reg
Am
92
Sales
Last
'
Diana Stores Corp
Distillers
Divco
Jan
50
v,
1
preferred
Diamond
Jan
Week's
Thursday
Exchangs
High
9%
Jan
..10
Co common
Vilbiss
2
_10
Steel
1%
100
21%
1 %
9
17%
21%
1
...
17%
—20
ivlig
Mich Stove Co common..
Products.
Detroit
Detroit
2,000
10
9%
Curb
Sale Price
Hearn
HZ I
preferred
a
1,200
86
•
Derby Oil & Ref Corp
Detroit
7%
5'A
.100
debenture—.*—,———
Q%
Low
High
7'/a
York
Range Since January 1
..50
prior preferred
$6
New
for Week
7 %
30
MARCH
STOCKS
Range
of Prices
Exchange
Par
Dennison
ENDING
Sales
Last
Sale Price
York
New
WEEK
Monday, April 2, 1945
6
Jan
22
Mar
17
17
17
100
Marine
Co
Ltd
4
Shovel^—.:
Associalion
commfn
vtc.
I—1
27
27
100
9
27
9
100
83/4
Jan
Jan
1%
7%
1%
400
1
7%
7%
800
7% Mar
6%
29
Feb
Mar
11% Mar
1% Mar
8%
Feb
Volume
Number
161
v
4373
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
Thursday
STOCKS
York
New
Curb
;
,
Week's
Mccord
corp
82.50
Range
*
Shares
&
Co
Merntt
Stores
—(J
Chapman
—•
scott—:—
&
1
Messabi Iron Co
Textile
Metal
preferred
Michigan Bumper
Tube..
Steel
Michigan
Corp
West
Midland
Oil
Steel
Corp
Co
Oil
8%
Minnesota
Mining
Pwr
Feb
10
Mar
$2.80 series preferred
Penn Gas & Elec class A
1%
Feb
10%
Jan
11,100
3'/8
Jan
5
Feb
Pepperell
12%
11.%
12%
6,400
Feb
15%
600
.
•
•
Mfg
2%
—
—1
&
&
Public Service common
3%
Society A—
Utilities
States
5%
1%
60
106%
Jan
111
Mar
—
114%
Jan
116
Feb
13
Jan
13
Jan
16% Feb
xl4% Feb
16%
16%
50
13%" 14
14
9%
700
9%
2%
3%4
300
2%
—
—
—
20
18%
20
38%
38%
75
—
—
2
2%
7%
7%
Murray Ohio Mfg
__
*
2%
•
100
Co
Muskegon Piston Ring
common
preferred
.
1
21"%
__
—
23
143/4
1434
14%
Jan
2% Mar
10% Jan
185
Mar
Hess
common
8
Mar
26% Mar
Feb
134
Jan
Jan
Jan
23
Mar
Jan
16
Feb
Jan
17%
National Breweries common——•
preferred
—
92% Jan
Jan
.—.—^.25
—
39% Mar.
18%
1,000
43% Jan
15% Jan
12%
7,700
11
12%
Feb
100
Union
Nehi Corp
1st pfd
(Herman) Corp
Nelson
:
,
1—
Neptune Meter class A
class
Nestle Le Mur Co
•:
6%
England Power Associates
preferred—:
5%
82
preferred
New
England
New
Haven
5%
Tel.—
&
•
Zinc
Mexico
New
&
65
114
k
Jan
1.400
100
600
11% Mar
1,700
1%
lilOO
5%
1
v
'■i
Process Co
New
23%
*63
16
,
City Omnibus
Co
Feb
14% Mar
2% Mar
6%
47
Jan
,7 Jan
109
Jan
Jan
Mar
lT%
Jan
N
N
86
N Y
10
Merchandise
Y
Power &
10
Light 7%
ne
•
H
1
■:„
j»fd_100
Y Water Service 6ft pfd—,.^—100
'■
'•
•'
.
V'-'"
Niagara Hudson Power common
-
Share Corp class
preferred.
Class
B
Mar
Class
6%
B
Northeast
North
4
Feb
"
Oil
Texas
Novadel-Agene
70% Mar
3%
Feb
40% Mar
6%
Mar
'
Jan
».
22
f
Feb
33% Mar
Jan
16%
Jan
Jan
117
105
Feb
106% Mar
-17
Jan
21% Mar
__
__
19s/8
100
75%
50
140
;?;4%
89'
1,025.
40
7%
1 000
6,500
200
•,.2}^
1,800
193/4
i9i/2
20
'
1,100
2%
54 500
2%
.
2%
121
124
*925
38
38
200
~~
~~
II
"
124
ZZ
?
7
,
^
_I
5
*
23 % Mar
Feb
■WllO
107% Jan
64% Jan
class
3%
Jan
..
-
.4%
Corp
:
Jan
A Feb
97% Mar
6% Mar
8%
107
5
1
Co
4%%
Ohio
Public
Service
6%
1st
12%
Republic
Rice
1
*
17%
Feb
Jan
19%
1%
121
35%
Jan
Mar
Jan
Mar
Jan
pfd
Natural
United
common...
Overseas
Cable
Pacific
Gas
5%%
1st
&
Elec
6%
11 %
'">•
2jJ Mar
23%
Jan
2% Mar
130
Jan
40% Mar
preferred
For
footnotes
see
8
7%
30%
12 '/2'
110
2,800
100
29%
8
3 900
30%
400
.1453.
Jan
7%
Feb
Jan
37%
17% Mar
Jan
Jan
1%
70
;;
i 1,500
13
Itf
10%
51.
11
12
%
400
73
Jan
Jan
Mar
Feb
%, Jan
10% Mar
8%
1
14%
Mar
7,500
Feb
1% Mar
1A Jau
10
7
11
21,400
4% Mar
13
Feb
20
9%
Feb
109%
Feb
115 '
Feb
Jan
15
151/8
15%
108
108
108
Jan
14%
7,600
Jan
111%
108% 108%
Jan
16%
Jan
Feb
110%
Jan
Jan
18%
107
50
-
16%
13%
13%
100
131/4 Mar
17
Feb
14
14%
300
14
17%
Jan
77
77
150
Mar
Feb
Jan
11% Mar
1%
106%
—
Mar
14%
Feb
.ii'.
..
1%
'
1%
lVa
6,500
16%
16
275
1% Feb
Jan
1%
38
1%
38
1
25%
26%
15% Jan
500
1%
25
38
700
60
53
53
19%
20%
10,900
1%
1%
18,900
26
26%
600
16
16
•
8%
8.
8%
21%
Feb
29%
Feb
Jan
23%
Feb
1% Mar
2%
Feb
Mar
24
26% Mar
14%
1,100
Jan
Jan
18
7% Jan
19
!
Mar
,1%
4,100
%
Jan
1%
4%.
4%
2,000
3%
Jan
5% Mar
1%
1%
1%
6,500
%
Jan
1%
108%
1%
1
Xl06%
Feb
13%
12%
13%
100
12
Jan
17 Vb
17%
17%
900
17% Mar
3%
3%
6%
3%.
700
7
900
1
2%
19%
20
1,800
11
19
100
18%
t
Feb
Feb
Feb
Mar
22% Jan
4%
Jan
Feb
8% Mar
18% Mar
Feb
11
Feb
22%
Jan
19% Mar
Mar
18%
11
2%
14
6% Mar
181/4
20
10
•
Feb
9% Mar
25
Jan
•
i
Feb
42 %
Jan
55
13,600
20%
2
Jan
18% Mar
53
.
25
21%
18% Jan
Mar
221/2
8
12 J/4 Mar
Feb
Aeronautical Co
Consolidated
Petroleum
Ryerson St Haynes common
1
•
—1
7%
6%
7%
2,800
7%
7%
300
"3%
•3%
3%
700
•
50
200
2%
Jan
3%
Feb
17%
17%
275
16%
Jan
20 J/4
Feb
5
5%
5%
6
8,900
5%
Mar
1
Ryan
St
St
Lawrence Corp Ltd
Class A $2 conv prtf—
9%
8%
9%
7,900
8% Jan
16% Jan
1
8
•
6%
5%
6%
1,400
5% Mar
8%
Feb
Jan
4%
Feb
Jan
26%
Regis Paper common
Dome
13%
Jan
ll"o"%
Mar
7
26%
Jan
Jan
39% Mar
17%
Feb
9% Mar
32
Oil
Co
United Corp
Savoy
Oil
Co
common
Co
Schiff
common
Bchulte
(D A)
Convertible
Scovill
1
25
common
preferred
25
*
Manufacturing
Elec $6
pfd
Scranton
Bcranton Spring
6% Jan
*■"
10 J/a Jan
7% Mar
3% Mar
9
■'
Jan
4%
Feb
3%
17%
4
3%
25%
25%
3%
1,300
500
22
_4
3%
4
3,300
3%
Jan
83
80%
83
475
70%
Jan
35
34'%
35
600
Co
common
-•
Mar
Bros
Lock
&
4%
500
4'/a
Jan
475
22%
Jan
27% Mar
40
114'/a
Jan
117%
Jan
1191% Mar
Jan
115% Mar
Feb
4 J/4 Mar
85
Mar
34% Mar
38%
Feb
113%
Feb
140
88'%
Jan
12%
900
10%
Jan
14%
Feb
4%
4%
100
4'% Mar
5%
Jan
46j/4
*
Inc
1
Hardware
Seiberling Rubber common
Selby Shoe Co
Selected Industries
Inc
common
~2%
46 J/4
100
2%
8,400
$5.50 prior stock
Allotment certificates
Safety Control—
2%
10%
*
111
21
10%.
21
21
50
...1
...
J/4
Feb
47
;
Jan
Jan
12
Jan
21J/2 Mar
19
l'/a
Jan
2 J/4
1%
5,600
15%
550
82% Mar
89
83'%
89'/a
84
82%
84%
550
84
85
250
1%
1%
1%
10%
300
3%
1,500
——
—
12
Jan
Jan
%
Jan
5%
Mar
10 '/a
Jan
3%
Jan
1,100
10'A
1
Feb
3J/2 Mar
2
9%
1%
85
..25
42
500
14%
1%
...5
Convertible stock
100% Mar
95%
11%
18%
Feb
Feb
Feb
Mar
Feb
1%
Feb
6 J/4
Jan
11% Mar
5% Mar
26%
Feb
95
12
1
Securities Corp General
Seeman
7
111% Mar
•
preferred
Steel
3
3
Brook Water Service—
111% 112%
50
111
Jan
Shattuck
Denn
Mining
Shawinigun Water & Power
Sherwin-Williams
31%
32%
900
5ft
cum
14%
14%
400
common
pfd series AAA
of Canada
Jan
33
Mar
Sherwin-Williams
Jan
7
Mar
Slck's
9J/2
Jan
10
Jan
29%
10'/a. Jan
16% Mar
Silex
Breweries
Co
Ltd
convertible
preferred
Pattern
common
Manufacturing Co
40
40 %
6C0
38
Jan
Feb
36%
1C10
36
Jan
►37
Jan
Sioux
320
107
Jan
109
Feb
107% 103
~
100
14%
Jan
17
401/2
Feb
31/4
15%
106
105
.
5
Jan
15%
500
15'%
Feb
16% Jan
107%
800
102%
Jan
107 J/2 Mar
110
100
20%
*
Jan
Jan
112% Jan
21%
Feb
*
12%
13%.
225
12% Mar
16
Jan
Jan
36
Mar
Simmons-Boardman Publications—
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
16
-5
125
•
common
36>/4
108
Feb
160
Jan
R
1%
100
Co
6
40
81
Jan
76%
—5
pfd D
Rotary Electric Steel Co
Segal
Jan
116
32
Jan
156
30
Feb
7% Mar
4%
115% 116
111%
159% 159%
'
Serrick Corp class B
.100
-25
page
Feb
6%
Jan
3%
12%
100
10
common
Royalite Oil Co Ltd
$6
25 J/4
—25
16%
50
17 :«• Mar
13
Russeks Fifth Ave
Scullin
__
no
16
Pacific Lighting $5 preferred
12
~~%
78%
& Engineering
Corp
Petroleum
Jan
14% Mar
.•
1st pfd
Mar
500
7%
70
159%
$1.20 convertible preferred
Mar
35% Mar
.1
common
Mar
i
6
800
Co..
Field Inc
Roosevelt
Root
Singer
Co
130 ;
4%
1J8
1%
—10
Rochester Gas & Elec 6ft
Simplicity
Can
Jan
13% Jan
5
Roeser & Pendleton Inc
Rome
$3
Pacific
Jan
4
100
31
1
40
1%
1
Securities.
117
1,200
Feb
17%
1
56
Jan
5%
;
•
Omar Inc
20% Jan
17%
Radiator
Feb
522
„15
71%. Mar
9% Mar
•
Rio Grande Valley Gas Co v t c
Jan
3,700
.100
Gas
Filters B
43
Jan
141% Mar
4,600
14
7%
•
Dry
Richmond
53
"
451/4
.100
1st
Feb
641/4
•
Goods—
Richfield Oil Corp. warrants
Salt
13%
2
36%
common
1%
6
41/8
100
100
Aviation
Stix
Samson
Jan
13%
1434
4%
B
preferred
preferred
Oklahoma
Oliver
class
Jan
16%
13%
1
America
Seton Leather common
Brass
Power
Feb
Jan
x8%
161/2
4%
26%
Sentry
Ohio
5%
16%
14
*
5
1
•
Feb
O
Ohio
122% 125%
6
16%
•
Roller. Bit Co
Jan
12% Mar
35%
Ogden Corp common
6%
41/4
43
1%
91% Feb
151/4
•
Jan
3% Mar
Feb
■
Jan
Jan
,
35%
1
Jan
Mar
4
Mar
82
25
A
Inc
37%
26
Feb
78
9
■
89%
—20
Gas
Power
1,150
Feb
r
29 000
15%
50
590
16%
1
Jan
30%
12%
,
.
__
Natural
26% Mar
,
Mar
115%
12%
2%
1
Aircraft
Feb
800
..
States
;V
Feb
10
22'%
116
88
15%
50
Northern
25%
Mar
x5
100
14
•
Co
Northrop
23%
104% Mar
"
69%
14%
19%
36%
Utility Securities
Northern
2%
Feb
117% Mar
Mar
'2lh
•
Airlines
RR
7%
71% Mar
Jan
63
12
97%
g%
Indiana Pub Serv 5% pfd—100
Penn
Northern
20%
common
Central
Feb
-40
"5 y8
95%
___
•
prior preferred——.—
Northern
Jan
300
1,800
1
American
Jan
-Vw:'v; '•«' *'•.">
4%
95%
J
North American Rayon class A
North
••.1* •':*
•
Amer Light & Power common__l
preferred..
•
86
Jan
300
V
5
Corp Bi
Electric
North
3
'
Mines..
67%
15
Feb
8%
600
10
Bank Oil Co
Reed
14% Jan
108% 109%
74%
.....100
Niles-Bement-Pond
Nineteen Hundred
Noma
108%
5
com
68%
1
common
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common..50o
10%
A
A
Nipissing
•
ig5/e
10
preferred
5% 2d preferred
Class B optional warrants
Niagara
;
__
100
100
1st
5%
800
1
;
Ryan
shares
9
Rath Packing Co.
Jan
21%
.
22
:
N Y State Electric & Gas$5.l0
N
24%
__
.
preferred—100
preferred
Shipbuilding Corp— 1
Founders
8%
25
Railway & Light Securities
Voting common
Railway & Utility Investment A
14% Mar
100
-
__
Honduras Rosario
&
Y
Y
8%
Radio-Kelth-Orpheum option warrant!.
Jan
110%
__
lfeo
21%
5 i/a
1."
,
N
800
Feb
9,800
28%
1
Red
63
825
.
,
no
63%
• "
warrants
3%
M
8%
600
67
,
2%
—•
common
5
3% i
27
14
7% Jan
Feb
7%
23 %'
__
Auction
Y
4%
3%
25% Mar
.12
Jan
9%
...
63
.
1
common.:
Y
N
300'
5
xl7% Mar
5% Mar
107
40
12%
21%
__
N
7%
27
Quaker Oats common
16% Jar*.
22% Jan
10
Jan
__
114
/
11%
XU%
Mar
11
6
65%
25
Land
Arizona
7%
7.50
Pyrene Manufacturing
1,100
.
__
•
New Idea Inc common—
New Jersey
Feb
Jan
13%
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Power
109
12
100
Co
'
32% Mar
preferred
—
v
58
Jan
38
•
—
Tel
Clock
37
Jan
10
2%
108
•
100
Jan
Colorado—
Reliance Electric
New
35
Jan
50
7ft 1st preferred
Puget Sound Power & Light—
12%
2
•
A;
50
Feb
177% Mar
Jan
Jan
common
of
6%
d_
100
•
8
—•
35
50
1st preferred
10%
11%
__
_•
preferred
6%
24%
23%
10%
10%
__
30o
Radio
Co—
Oil
Navarro
Nebraska Power 7%
35
151%
30
Gas
Public Service
Quebec
24%
National
Providence
Feb
National Sugar Refining-
1
125
11 %
Prosperity Co class B
Jan
13
National Tunnel & Mines common
171
11
of Nevada
9%
__
100
J
10
170
75
Co
of
Corp
16%
12%
13
12.50
Metals
Producers
Jan
16
—•
66%
500
25c
Inc
Feb
16
preferred
4%
Jan
900
.10
Mining
8%
__
16
5%%
Gold
14%
__.«//.•
__
Tea
Jan
20% Mar
11%
Refining common—
1
National Rubber Machinery
•
National Steel Car Ltd—
—*
National
3
57
39% Mar
54
17%
12
National
National Transit
—
.
•
Stores common
Mfg &
■
3% Feb
54
__
•
National
Jan
Mar
18%
National Candy Co———.——.———•
National City Lines common
50o
National Fuel Gas—
24
Jan
....
700
1,000
•
common
& Lambert
Pressed
Feb
2%
4
66
•
Prentice-Hall
19%
Mar
.
3%
64%
•
Feb
300
3
112
121/8
Power Corp of Canada—
2%
7,000
20%
2%
113% Mar
Jan
1
Common
20
2%'Feb
Jan
107y2
12%
Alexander
Premier
89
Jan
109%
I
RR
Scale
&
Feb
N
Bellas
Powdrell
40%
18
600
__
•
20%
1 -;%■ 2%
Corp
Pneumatic
Jan
10
500
1%
460
210
•
Polaris Mining Co
Pratt
13 %
50
13%
23
__
200
2%
32
1
Ltd
v
Jan
131
—
21/4
Feb
Feb
11%
common
Mines
& L E
1% Jan
6% Jan
1,900
51
*
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Plough Inc common
20%
24%
100
3%
y
Pitts Bess
38%
2,300
7%
Governor
18% Mar
800
2%
Jan
11% Mar
10% Feb
179 '' Feb
///—/>'
_.
10
9% Mar
3
Feb
1,100
2%
,
2,500
3
2%
3%
9%
Power common..—•
States Tel & Tel..—
67% Jan
90
—
Mar
5% Mar
Jan
Mar
450
—
47
31%
Co
Pioneer
Feb
125
Jan
Mar
111
•
Piper Aircraft Corp com
Pitney-Bowes Postage Meter—
3%
48%
7%
110
1
pfd
10% Mar
Jan
81,
Jan
25
common
Packing
Gold
Mar
5%
111% 112
170
Pharis Tire & Rubber
Pierce
78
111
•
Jan
3%
40,200
Jan
25
111%
66
Co
34
Mar
31%
17,800
'
100
Jan
27
1,300
3%
Jan
7
47
47
•
Co
Phillips
62
r
—
10
Producers
Mountain
3%
60
Mfg
Co
39
110% 111
Ward A
Mountain
8%
Mar
78
6%
2.50
Power
Phila Electric Power 5ft
Feb
Feb
'
42% Mar
•
com
preferred
29% Feb
2% Feb
800
—
4%
5%
_•
Pictures common.,—
Dakota
800
2%
$7
Co
&
Philadelphia Co
10
3%
15% Mar
26
Mar
28% Jan
—
62
2.50
—1
1"
1
—
Light
Perfect Circle
13%
22.
51
•
&
3%
11
Jan
12% Mar
•
Jan
Jan
78
•
preferred
3%
id—•
Montreal Light Heat & Power
•
Moody Investors partic pfd
•
Mountain City Copp?r common
60
7%
Power
$6
3%
*
Mojud Hosiery Co Inc
Molybdenum Corp.——
National
Penn
Feb
Feb
Feb
44% Mar
Mar
29
~6%
1
4
Traffic
'9%
25
Pennsylvania Edison Co $5 series pfd_®
Water
!
A
preferred
Pennroad Corp common
Feb
Penn
IOC
Nachman
$1.40
Feb
5 % Mar
Penn
pfd
6%
7%
Jan
Mississippi River Power 8ft
Co
40
19% Mar
100
Muskogee
441%
19
pld
Mountain
18%
10
50
Jan
Light 7ft
Montgomery
500
Jan
Cuppls
&
Minnesota
Loan
19%
40
Feb
9%
Jan
48
Mar
13%
Jan
18%
15'%
<
8%
40
common
113
„
Jan
33%
48
12%
__
200
40
700
—00
*
9
8%
/.II
2,400
Co
9
1
19,700
10
50
1,050
11%
•
17%
35*
10
97
•
18
33
Mar
1.1
Corp
Telephone
15%
35
100
40
100
1
1% Jan
500
Feb
Mar
99
Peninsular
17%
14/
24
Parkersburg Rig & Reel
Patchogue Plymouth Mills
17%
^! ;
26% *27
Jan
Feb
17%
15%
x22%
•
Co
c_l
27
8
Jan
5%
110
8% Mar
800
'*
Jan
17% Mar'-
''
Jan
7
*
common
Motors
High
110
Jan
v
800
*• /
Refineries
Montana
3
3,200
Mining Corp of Canada
Monroe
Paramount
Low
i.
•
100
preferred
5
v t
pfd
Service
Jan
1%
10
Piping
Monogram
400
7ft
Range Since January 1
High
Parker Pen
Jan
9%
-
6
Shares
98% Mar
Jan
8%
shares———•
•
common..
Midwest
Missouri
Feb
3'%
8%
__
preferred..*
$2 conv
Products—
Midwest
Mid-West
7
1st
for Week
Low
Panteptc Oil of Venezuela Am shs
$1.30
1
Abrasive
Mid-West
Jan
45
1%
common.^...
82 non-cum dividend
Midvale
155
& Light
Public
1
Corp
Midland
Page-Hersey Tubes
Jan
1%
Bvtc
Middle
Feb
Jan
9%
Hone' Corp—
Middle States Petroleum class A
Class
8Va
18
Jan
10
1
Prelerred
Jan
3%
—
3%
Mar
3% Mar
10
3
__
39
13% Jan
6,500
,
Mar
-*
.
Michigan Sugar Co
Mlcromatic
—
Pacific
100
100
48
Pacific
91
'
600
5%
—
Mar
Mar
Power
Range
of Prices
Par
10
4% Jan
;
5,200
314
48
—
15
—1
2.50
—
200
105
4%
5
25o
Corp
Participating
104
__
1,900
Sales
Last
'■
'i
+
Week's
Thursday
Sale Price
Exchange
95
144
10
15
3%
—
100
-
12%
92
13%
14%
-
preferred:.
A
38
1,400
53/a
9lVz
)
Jan
151
Curb
York
High
Mar
7
75
15Vi
5%
SVa
•
95
—
39
151
New
900
8%
14%
14%
30
Range Since January 1
: :Low
—
38
__
Warrants
6 % ft
—
__
:
common
High
8%
•
Memphis Natural Gas common..
Mercantile
—
•
.__*
——
Dredging
Johnson
Low
-
MARCH
for Week
of Prices
pfd___100
—
preferred
Mcvvnnams
Mead
—
EXCHANGE
ENDING
STOCKS
Last
V'" -'t"--Par
McColl-Frontenac Oil Co 6%
WEEK
Sales
Sale Price
Exchange
/
FOR
1451
•
1
100
£1
City Gas & Elec 7ft pfd
Smith
(Howard! Paper Mills
100
•
32
3%
272
3'%
267% 283
5%
51/4
300
3% Mar
140
267'% Mar
1,300
4%
110
Jan
Feb
614
292
5%
112
Jari
Feb
Feb
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1452
EXCHANGE
NEW YORK CURB
RANGE
Range
New York
Shares
Aircraft
Solar
Manufacturing Co
Co
1
South Coast Corp
Oil
Penn
South
Pipe Line—
Pa
South west
common
2%
~~
5%
25
25
preferred
preferred series C
Southern
Royalty
class B
Products Co
Standard Silver Lead
Sterchi Bros Stores
1st preferred
6%
2d
5%
preferred
Sterling Aluminum Products
Sterling Brewers Inc
Inc
Sterling
(J
Stetson
(S)
Sullivan
Drue
Jan
Jan
1
29%
30%
650
4%
4%
■
1.500
18
Feb
Jan
Feb
Jan
7
Feb
Williams
4%
1,700
273/4
100
22
22
19 ;■ 19%
xl09xl09
is
%
22
19%
—
A
600
25
3,700
10
108
108
12%
13%
1,700
ft
A
3%
Feb
Williams
Feb
Willson
Feb
Winnipeg Elec
34
Feb
Wisconsin Powei
5% Mar
16%
16%
50
10 3/4
103/4
100
Jan
23%
Jan
110%
Jan
%
American
Wright
Jan
17
100
3
22%
22%
100
18
5%
5%
5%
1,000;
pfd—100
"93/4
"9
Jan
4%
Jan
63%
16% Mar
19
145
145
2,800
103/4
13%
Jan
Mar
Jan
6 3/a
Jan
■V': 9
/
111%
Mar
11%
Feb
Mar'
Jan
135
-
Feb
150
Jan
30
Feb
Mar
Jan
x34%
Feb
Feb
19%
Feb
12
Feb
.14%
Feb
15%
Mar
21
13%
Jan
15% Mar
133/4
133/4
50
15%
15%
100
.
Co
_•
B
&
7
7
200
5%
1
Heating
Inc
12
12
75
11%
Light 1%
deposit
Jan
81/2 Mar
Jan
Jan
Feb
13
Jan
6
Jan
6
•
pfd—100
11%
100
5%
5%
8%
5
12,700
Jan
6%
Feb
8%
Mar
10%
Jan
103/4
,
1,100
3%
11
•
Jan
123/4 Feb
100
11%
8%
.'
-
11
receipts
Hargreaves Ltd
3%
BONDS
New
York
Curb
3%
13%
Jan
Jan
Feb
4ft Feb
Thursday Week's Range
Interest
Jan
Feb
11%
Jan
14%
Feb
5%
Jan
6%
Feb
33/4
Feb
6%
16%
Feb
Jan
Jan
2% Jan
13% Mar
Jan
303/4
Mar
Mar
200
1,700
15%
200
14
12
23%
1%
12%
12%
12%
650
30%
29
30%
1,600
1
21 %
21%
24
650
19% Jan
25%
•
45%
45%
45%
150
45% Mar
50
Feb
20
s
I
s
f deos—
debs
"
J- j
.1970
j-j
.1961
J-J
Appalachian Pow deb 6s
.2024
A-O
Associated
.1953
JmJ
.1948
M-a
Writing
Appalachian
Feb
Elec
lAssociated
deb
deb
6s
Pow
3%«__.
4%s
Gas
AConv
AConv
-
Paper
Elec
&
Elec
103 7/a
■
106 3/a
106
106%
110'/a
105%
56
106 %
108
107%
$109 % 109%
j -d
.1970
Amer
tfeb 6s—..
High
102 »/2
Low
$1063/a 107
M-S
.2016
Amer Pow & Lfc
Low
Thursday's
$102% 102%
J-J
.1960
3%s
3%s
Feb
Jan
5%
" 5%
.1950
January 1
No.
or
Feb
American Gas & Electric Co.—
2 3/4 8 s f debs
Range Since
Sold
High
Sale Price
Bonds
Bid & Asked
Last
Period
Exchange
Feb
16
5%
15
24
19%
J
common
Jan
Jan
53%
5%
5%
Jan
27%
10
Mar
15%
13
Feb
'
% Jan
3% Mar
33/a
53% Mar
12
Jan
4
29
145
■
13
-V
4,600
20
Mar
23%
-
Jan
4%
•
com
Mar
.:
HI,
~9%
12% Mar
143/4 Mar
*
part
19
8% Mar
,
111
10
Oll-O-Matic
Products
Feb
% Jan
2%'Jan
11%
61
16%
10%
129
Jan
17
Jan
—20
Petroleum
Woolworth (F W) Ltd
Jan
Mar
5
550
Woodley
% Mar
Jan
107
3%
Wolverine Portland Cement
Woodall Industries Inc
Mar
19%
105
1st
Stationery
&
l3/4
3% Jan
2,700
C)
6%
18% Jan
*109
Mar
■A Jan
21
22,200
3%
12%
A
(R
23%
Jan
10
50
3%
18%
8
Weyenberg Shoe Mfg
Wichita River Oil Corp
Jan
Jan
400
•
Coke
Inc—
Mar
IS
17
■ft Jan
—20
10
100
1
•
&
Westmoreland
10%
500
1.20
Westmoreland Coal
56
300
1%
%
Coal
Western Tablet &
14%
5
High
7%
107
8
:
Maryland Ry 1%
Jan
2,300
5%
Low
11%
7%
113/4
107
•
Mulls
Jan
Superior Portland Cement—
$3.30 "A"
Va
Feb
9%
Range Since January 1
High
•
Jan
11
*
Co
West
Western
Mar
134%
class A
Knitting
12% Mar
5
1
•
9
common
Corp
& Co common
Machinery,
Rav
Pun
Co
B)
(Hugo)
ftnnnes
Stroock
Jan
8%
100
400
17
18
30%
ctfs—1
•
•
—
1
50
20
1
1
1
& Co common
(A)
Jan
Bond
&
We.ntworth Manufacturing
West Texas Utility $8 preferred
2% Feb
88
7%
113/4
100
Class B
45% Feb
31
Co
preferred
Waitt
313/4 Jan
Jan
81%
1
B
Steel Co of Canada
Stein
9%
13 %
--
(The) Corp voting trust
Starrett
Jan
30% Jan
200
9%
5%
'
1
1
Preferred
class
Feb
Feb
—-
Oil (Ky)
,
Standard Oil (Ohio)—5% pfd
Standard Power & Light
Tube
49%
32
Aircraft
1%
55%
—2.78
1
10
Standard Dredging Corp common
$1,60 convertible preferred—,
Standard
87
9%
——*
Standard
Standard
30
12%
—
50
opcnccr
Common
Jan
1 %
Low
Wagner Baking voting trust ctfs ext..•
Feb
Jan
134%
—
Spaulding (A G) preferred—
Shoe Corp
Stahl-Meyer
Inc
Standard Brewing Co
Standard Cap & Seal common
Convertible preferred
Waco
8% Mar
5%
41%
Shares
W
3% Jan
Jan
Jan
42%
100
83/4
—-
10
Line
Co
Pipe
300
1%
85
preferred
JJJjJ
Southern New England Telephone__100
Southern
Phosphate Co—
—-10
Southland
23/4 Jan
7%
4
293/4 Mar
'
1%
Southern
30%
1%
30/2
—
80
30%
--
—25
Colorado Power class A—25
45%
for Week
9% Mar
29
45
Range
of Prices
Par
High
Jan
Sales
Week's
Last
Sale Price
Wayne
California Edison—
original preferred
«,
5%%
800
463/4
7%
2,900
600
Thursday
Exchange
14% Jan
10% Jan
10,800
4%
45 %
,a
Southern
6%
3%
8%
43/4
8/2
46
2,100
7 3/4
J
1
-1
——29
——10
Manufacturing common
Boss
8%
7%
7*<
J
Corp
Sonotone
12%
J
3,100
Curb
Range Since January 1
LOW
12%
12
30
MARCH
for Week
of Prices
Par
Solar
ENDING
STOCKS
Last
Sale Price
Exchange,
Curb
WEEK
Sales
Week's /,;
Thursday
STOCKS
York
New
FOR
Monday, April 2, 1345
107
$100% 101
111
111%
100
108%
IU1/4
$123% 126
1U%
123
126
102
96
97%
54
92%
977/a
31%
96%
313/4
17
29
33
Co—
4%s
Finch
4%s
19
18
18
550
143/4
10%
200
10% Mar
Jan
11% Mar
29
313/4
50
313/4
29
33%
.1949
j-j
.1950
f-A
32%
29%
32%
300
29%
33%
A Debenture
17%
10%
—•
AConv deb 5s
5s
.1968
A-O
31%
29 %
32 %
260
29
33%
AConv
common
Oil Corp
"B"
Class
Swan
5 %s
deb
Assoc T & T deb
Atlantic
Tampa Electric Co common
5%
1
•
Technicolor
•
Taggart Corp common
Inc common
pfd
Texas Power & Light 1%
Tilo
Co
20%
Allied
Tobacco
&
Tobacco
Stocks
Product
18%
17%
•
Amer
dep recs def reg
Todd
Edison
1%
6%
8%
4%
as/.
5
5
k
.
Mining of Nevada
Trans
Lux
77%
Jan
12%
Jan
20% Mar
26
Jan
36% Mar
9%' Jan
11%
Feb
7%vMar
12%
Jan
100
■■$-
%■
61
800
50
81%
.. .
3%
65% Mar
Jan
5%
Jan
12% Jan
1% Mar
71%
823/4
Jan
1
Bell
111
Jan
1137/3 Mar
116%
800
1%
4%
50%
47
4,700
51
6,100
1%
1%
1%
7%
7%
900
Jan
35 %
5,800
1%
4
Jan
1
5%
Canada
52%
Mar
Jan
1%
6s
8
112
$119% 120
119%
$170
1962
Power
•
12%.
12%
700
12 %
~7%
Jan
13
12% Mar
Jan
10434 1043%
15
102 %
104%
101%
101
102 %
26
1953
Af-N
1964
j-j
Jan
U
1
Realization
Unexcelled
Manufacturing
of
Ges
Union
Union Stk
Aircraft
United
Chemicals
United
Oigar-Whelan
Products
4%
4%
4%
'/
"
$3
5s
El
series
ref
mtge
3s
1st
ref
mtge
23%s ser Q
P
& El
23%
Amer
•
Rys
Jan
.i,.-
L —"
-
*
—II7
95%
23%
1,400
•
—
50
10%
10%
H
H
3/4
3/4
73%
77%
15 Va
14V2
15%
;r
19,000
—•
dep
rets
ord
Profit
'W—
Sharing.,
preferred.....™^.......
10
Shoe
—-
278%
1%
common.
Foil
'
76%
46%
"9
10
75%
„
1
1%
10
„
47
9
9%
.
50
Grand Trunk
Feb
Great Nor Power
class
B
1
Jan
12%
Feb
A
Jan
%
Jan
Jan
%
82%
Mar
Jan
40
Feb
89% Mar
Feb
1% Mar
44
Feb
47
1,700
.9
Mar
11
Power
8%
2,500
8% Mar
107/a
13%
14%
2,100
133/4 Mar
5%
53/4
500
2%
2%
1
1
2,900
Rubber
United
Reclaiming
Stores* common
United
Wallpaper, Inc
Consolidated
A6%8
A7s
A 7s
Universal
Pictures
Products
Power &
Utah
Radio
;
F-A
104 %
104%
106%
106 Va
104V2
1061/2
105 Va
1051%
106 Va
,
$105% 107
j-d
$96
j-j
100
69
j-d
69
:
67
$104%
102%
105%
103
102%
104%
107%
1081/2
$108% 109
M-N
-1970
L-3%s
;
j-d
1941
1
coupon)
47%
$43%
52
30
J-J
1952
F
x
$43%
52
1941 coupon)—. .—1952
(July
$4
Vncf
99
98%
993%
40
97
100 Va
1952
Superpowei
Feb
Kansas
Feb
Kansas Gas &
Kansas Power &
j-j
81
80 J/2
81%
26
71
83%
1963
j-j
54
54
54
1965
6s
Af-a
.—
Kentucky Utilities 4s
Feb
McCord
3,300
Jan
4% Mar
15
6%
Feb
21%
Feb
23%
Feb
1966
Corp
j-d
M-S
1969
j-j
1970
z j-J
1966
Electric 6s
3
107 % 107%
2022
Power 3%s
Electric
A-O
$106% 108 %
FA
1103 J/2 104%
105
105
Extended at
6s stamped
RR—
4% to——
20%
Jan
25%
Feb
Milwaukee
Gas
Light 4%s
Jan
30
Feb
Minnesota
P &
L 4%s
3
3
Mar
3%
3%
3.800
773/4
2,500
65%
Jan
78
9%
9%
500
7%
Jan
10%
3
3
200
1%
Jan
75 /
.
92
page
1453.
67V4
1
'
4%
8
preferred
see
106
4
1163/8 1163/a
Jan
Jan
Mar
1st
6s
3% Mar
New
Feb
&
ref
Nebraska
Feb
96
11%
•
4%
• •
4%
65%
2,800
3
Jan
54
5% Mar
61
107%
1948
111%
111% 111 J/4
106
106
i
105
106
120
V^hr%
m%
3 •4<J°5Ta .l07%
II-./'Toi.,
104%
Midland Valley
26
1
Petroleum
footnotes
37
"
8
>
Light 3%s
Superior Dist Pow 3%s
.1963
$74
a-o
75
\'M ;
-
.1967
—
Amsterdam
New Eng Gas Si
deb
Gas
5s
El Assn 5s—_.
107% 108
3
.."ICS
j-d
103% 103%
j
-
j-d
105%
-1981
j-d
108
-2022
4%s
A
Af-a
.1978
—1955
—
5s
Power
series
Conv
Mflnn'mcHiring
For
49%
j^J
6s
6%
"5%
3%
46%
31
.—1957
5s
Power
2%
'
common
convert!ole
49
37
■
—
49%
31
1957
—
48
37
—
48
283/4
1955
coup).
1957
1941
$43
F-A
.—1953
C
1% Mcr
New
Venezuelan
105
102%
M-S
-1948
j-j
-1947
M-S
91%
90 J/2
92 3/a
41
88
j-d
91%
91
92%
30
88%
Af-N
91%
91%
92 J/4
51
88
-1950
5s—
105 Vs 105 3/4
110%
3
107% 108
$111
115
110 J/4 110 J/4
3
New
3%s
England Power Assn 5s—.
England
Power
120
Jan
72%
Mar
11%
6,500
10% Mar
12%
Jan
N
Y
State
11%
700
11 % Mar
13%
Feb
N
Y
&
Elec
Ac
M-N
-1948
A-O
—1954
Debenture 5%-s
67%
10 %
11%-
-1961
Gas
Westchester Ltg
$108
1023%
104%
3%S
—1964
jf-N
4s
-2004
j-j
74
108/::
...
106
107
1
110
106
108
115%
110
110%
94
93%
93%
107 Va
107%
102% 102%
14
101%
103%
104 Va 104%
12
IO2V2
$107
103
* 103%
104%
114%
,
'
Valspar Corp
106
8
Jan
"474
76
72
1043/4
104%
1043/4 104%
104%
8
—
Jan
1%
1
-
Jan
Lake
•
45
103%
105% 105%
j-j
A-O
102
45
104% 104%
2
Altalian
Feb
10c
common—
priority stock
'•
$35
106 3/4
101%
$101% 102 %
104%
A-O
Jersey Cent Pow & Lt 3%s
Feb
1
78%
103%
Feb
5V4
5
Light $7 preferred
Products
Utility Equities
j-d
24
106
-1948
Sugar
Utah
105%
,
103% 103'/a
Feb
20%
3,400
105%
102% 102%
Jan
4% "Jan
23%
A-O
102 % 102 Va
2%
19 % Mar
22%
77
f-A
91%
200
22%
1
j-j
20%
6,000
1
78%
Af-S
Jan
4%
•
4
78%
1949
E
Debenture
19%
Co
103% 103%
-1963
&
(Aug
A7s
4%
common
1043/4
$125% 127
103%
„1950
13/4
12%
124i/o
103%
Af-N
-1957
(Dec
series
18%
10
P
series
4%
•
;
124%
M-S
5s_
series
A6Vas
A 7?
19%
•
106 J/4
/
IS
4'.
104%
102 %
104
105
SInternational Power Sec—
2
Insurance
Universal
200
103'/a
101%
31
—1958
B
series
& ref
1st lien
10
Oil
Universal Cooler class A
B
5%
•
50o
4%
52
77
105%
Jan 1949
Jan
1%
1033/t 104 %
102% 102 3/a
5s
Service
Feb
83
103%
102 %
F-A
.1963
Co—
ref 5%s
Feb
600
F-A
Af-3
—1953
—Jan
&
1st
Mar
275
Utah-Idaho
Jan
60
13/4
123
1950;
...
3%
B—
series
Feb
86%
1
Pow
Indiana
Mar
X79%
1%
Class
6%
279
Feb
85%
Universal
Jan
74%
*
common
5s stpd
Mountain
Illinois
16% Mar
Feb
•
Universal
6s
Jan
5
120%
1083/4
Jan
Jan
14% Mar
8%
8%
2
1950
93%
2%
$5 1st preferred with warrants
U S Radiator
West 4s
Grocery Store Prod 6s——
Guantanamo & West 6s
,
122% 122%
j-j
Green
113/4
900
122%
$108
,7-d
Feb
10
1053/4
A-O
1953
5s
24%
Mar
50
U S Graphite common
tJ S 'and International Securities
$5.50
Jan
Interstate
Co
&
23%
600
IO31/2
.1948
Light 5s—.—-1978
Serv
5/32 Mar
275
26
Rayon Co 6s ser A
Georgia Power
Jan
6% Jan
.
105% 1053/4
1969
Jan
——
278% 279
25 ■*
Machinery
Pub
A General
A—J
3%s
Power
Indianapolis
regis
United Specialties common
S
General
Jan
Molasses .Co Ltd—
Preferred
U
Jan
3% Mar
86
''
—25c
u
12%
25
38
«...
preferred
Gatineau
Jan
A
109 J/4
105%
1961
18%
67
107
j-d
1954
20
1,600
3,600
<
109%
Feb
Feb
110
106'A
108
Bank—•
3/64
10,500
75 Va
1
Jan
1,700
m
Products
9% Mar
1043/4
j-j
1956
bf>
5%s
Service
stamped
71
Feb
2
3,000
5
106
109% 109%
1956
Hygrade Food 6s ser A
V
•
wi
new
United
U S
22
38,400
22
10%
—100
United
100
3%
22
iriio
United NJ RR & Canal
.10 %
11 Va
23%
22%
'•
RR
&
Jan
3'/a
•
Lt
5%
93/4
1061/2
1958
5s
Residential Mtge
5s
105
105
105
1053/4
l043/a
2030
5s
Light
&
Water
j-d
103 %
104
48
IO43/4 106
1976
mtge 4%s
Power
A-O
~1
127
103%
1969
Water
8 J/4
104% 104%
105
102 %
1031/2
104% 105 Va
Af-3
82J/4
101%
106
City)—
Finland
Feb
$104
1954
ser
(Bait
Gas
Federal
Jan
102 %
(Bait) —
Feb
67
..
A-O
1971
& Pr
Feb
7%
•
j-d
1969
Lt
N
7Va
23%
3%
-.20
common
participating
United
'
„
nreferred
United Milk
■***•
•
Corp
&
'p.m
76 3/4
F-A
4
4% Mar
8.1.%
A-O
2a/8
Jan
6
m-s
1958
53/4 Mar
1,000
■
•"
llVa
.
1st
•
*
United Light & Power common A_
Common class B
«!fi
■
-Toe
Stores
United Elastic Corp
United Lt
.
•
1
common..
/ Prior preferred—
United uorp warrants
Gas
800
Ilioo
l"$5 preferred
United
1,700
3%
*
Canada
Yds of Omaha
United
6 Va
2%
10
Co
5%
3 Va
68
76 %
1950
Elmira
6
_10fl
Corp
193
71%
1966
Eastern Gas & Fuel 4s ser A
Ulen
83%
81%
| 72%
1952
5s
Continental Gas
Udylite Corp
59
m-s
5s
Electric
83%
130
76
5s
Gen
105J/2
58%
71%
1927
Ry 5%s A
Consolidated
102%
104 %
104% 104 %
72%
deb
Gas
101
2
87
102% 102%
j-d
1948
ctfs
1st
1
1043/4
B
Debenture
1121%
j-d
5s
33/4s
Electric 5s
5s
175
1121/2
1970
Gas
Rys
121
170
180
$112% 115
A-0
1954
Service
3%s
1131%
$112% 113
Af-N
Q-F
&
101 J/a
108
j-d
1957
Debenture
Consol
'
1998
_
Conv
99
107
1955
%S
Cities
33%
29
11
110
6s
2%s
El
series
$108
6%s
Cincinnati St
Feb
Jan
111
35
31%
100% 101
M-s
1860
Inc
5 A Chicago
•
Tung-Sol Lamp Works
80c
convertible preferred
B
5 A Central States
A5
M-s
.1964
Canada—
series
Northern
Central
Feb
Jan
of
30
f-A
.1955
C
Edison
Boston
Feb
rlVs
5s
Bickford's
Feb
Z. 1 %
4%
4%
1 %
M
series
Bethlehem Steel
Mar
107% Mar
30
Telephone
1st
5s
Feb
110
107% 109
1%
warrants
Inc
Trunz
9%
113% 114%
107%
10
Co
Jan
118
Jan
13/8 Mar
1
Corp
Trf-Continental
Jan
6%
Feb
12% Mar
100
Transwcstern Oil
Jan
500
v
,
__
•
100
preferred
preferred
Tonopah
Jan
25%
•
Shipyards Corp
Toledo
29%
3,200
10%
x62 % x62%
Security Trust Co Ltd—
dep rets ord regis
Amer
1,400
400
7%
8%
•
34
9%
10%
,
18%
34
1
,—•
Exports
7%
Jan
116
1
Realty & Construction
Jan
27%
20% Mar
700
83/4
8
8%
5
common
Inc
Roofing
Tobacco
500
2,400
1
Shovel
Tlshman
29
21
2
Textron Inc
Thew
28%
20%
100
Oil & Land Co
Texon
28%
.1977
5%s A
City Elec 3%s
v
103
109 J/2
107
104%
1091/2
103
101%
103
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
.Volume 161
j.
iv
'
'
NEW YORK CURB
RANGE
BONDS
New
York
Curb
Interest
Exchange
Thursday Week's Range
Last
or Thursday's
FOR
WEEK
North Continental Utility Corp—
A5%s series A (8%
redeemed)_1948
Ogden Gas 1st
Ohio
Power
1st
mtge
Ohio
5s
1st
3s
Public
-1971
BONDS
No.
Low
Thursday Week's Range
January 1
Low
New
York
Curb
Exchange
'.
Last
or
Sale Price
Period
Thursday's
Railways (Maine)
92%
100%
101
Utah Power & Light CoDebenture 6s series A
107%
109%
107%
109
105%
107
Wash
101%
102%
West
Penn
103%
105
West
Penn
Range Since
Sold
Low
January 1
No.
Low
P-A
F-A
109
+
109
102
103 Vi
6s
95%
series
A 5s
A—
income
Water
!_
1952
P-A
112
112
1.
112
2022
;
dibs—
Power
M-N
116
116
2
115%fllfe;|i
55
26
54%"
M-S
1954
.
3Vis.*
1964
J-D
5s
Electric
High
—
Waldorf-Astoria Hotel—
106% 106%
Bonds
Bid & Asked
High
' *100% 103
—
Interest
'
High
93
A-O
1948
—
30
108% 108 Vi
M-N
4s
MARCH
Range Since
Sold
92 Vi
A-O
1962
z
Service
92 Vi
J-J
1968
Oklahoma Power & Water 5s
EXCHANGE
ENDING
United Light &
1945
3 Vis
mtge
Sale Price
Bonds
Bid & Asked
High
Period
1453
,
2030
A-O
1960
J-D
53%
}lt2%
'fiS*
|
53 Vi
7109
110%
108
7107
•
—
—
111 %
107%
109%
'110' *
■n
Pacific
Park
Power
&
Light
1955
1st
5s
—
M-N
M-N
Pennsylvania Water & Power 3%s_1964
3 Vis
Elec
Power
Philadelphia Rapid Transit
Portland
5s
Gas
&
stamped
Power
Corp
Public Service
1st
Coke
of
5s
>.' 6s
Safe
Harbor
San
108%
109
7109 Vi
108%
108%
i I;r,
7109% 110
—
,
109
110%
it- :
106%
109
f
108%
108% 108%
f debentures
1
F-A
5s stpd
1937
J-D
5s
AStamped
1959
Co
conv s
IA York Rys
;
1947
J-D
J- J
101% 101%
5
101%
'•
—
104% 104%
certificates
16
101%
104
108
108%
11
107%
109
104% 104%
3
103
ASchulte
151
M-N
—
XT
r151
A-O
105%
105% 105%
1979
J-D
106 Vi
106 Vi 107
1952
4Vis
151
New
158%
M-a
1
York
Curb
"
6s
1951
104%
Exchange
Interest
Last
Sale Price
or
1
%
109
126
18
127
127
90
mtge 3s
790
1951
99
A-O
A-O
;
99
7102 i
5
102Vi
96
Agricultural Mortgage Bank
A
20-year
Sheridan
Wyoming Coal 6s
Southern
California
!
104
ACauca
Valley
California
1965
3s
Qas
Gas
Rys 4s
Southwestern
P
(A G)
Standard Gas
6s
6s
gold
Standard
5s
J-J
1
108
7105% 107
F-A
94%
F-A
7107%
M-a
7106
——...1989
May
6s
Dec
debentures
Power
(Hugo)
A 7-4s
108% 108%
107%
v
109%
M-N
105% 105%
11
96
89%
101% 101%
101%
1
A-O
101% 102 Va
37
96%
103%
A-O
102
IOIV2 102
29
96%
103%
F-A
102
101% 102
71
96%
103%
1966
3-D
101% 101%
50
96%
1957
F-A
101%
101% 101%
62
1957
F-A
101% 101%
17
-.1950
& Light 6s
inc 5s
A-O
760
96%
103%
62%
Stinnes
1946
A7-4s
of deposit
(Hugo) Industries—
2nd stamped
30%
37
Electric
Texas
series
6s
Service
Se
Powei
Texas
Light
1960
A
J-J
1956
5s
5s
A-O
M-lf
33
33
25
33
103 A 103 3®
103:
27
United
Electric
N
J
United Lt & Rys
775
80
80%
1952
106%
103%
116%
J-J
7107% 108 %
106
J-D
110% 110%
110
A-O
104 %
104% 105
A-O
103 A
103
2*
16%
38 %
to
Plan
to 2Vis
2008
106
M-N
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
1931
1972
J-D
717%
22
AParana
1958
M-a
35
__
J-D
78
■•mm
22
22"*
'
78
75
45
741%
38%
80'
r43%
Stamped pursuant to Plan A
Interest
ARio
de
to
reduced
reduced
+*/!(
J-J
1959
to Plan
pursuant
M-S
2008
2 Vis
6%s
Janeiro
40
"37% ~42
40%
A
2%
2012
J-J
6Vis
.1919
J-D
8%
7%
; 9%
154
J-J
8%
7%
9%
237
to
Government
1921
Vis
735
37%
36%
r
Cash
sale,
a
Deferred delivery sale.
<1 Ex-interest,
e Odd-lot sale.
Ex-dividend.
x
11
37%
5%
•
22
5%
:
21*%
.
t;ae'1
■
Under-the-rule tale.
»
,
7Thursday's bid and asked prices;
ABonds being traded flat.
SReported in receivership.
sales being transacted during current week.
no
>■>
oliT
•'
"ii'lf*.fT
certificates of deposit;
"cons," consolidated; >cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates!
"Wl," when Issued; "ww," with warrants; "xw," without warrants.
Vv eT
V'fv*
V-:"■■■.
y;;
ENDLNG
MARCH
x
-My
OTHER STOCK EXCHANGES
WEEK
m
■am
7s
(State)
.;:U
FOR
His."til
:
—
iA A: ■5:^.;:'
RANGE
42%
—
stamped
-■
106%
20%
*
LIS.":
742%
111
104%
-
A
742%
>■'
107v
103
58
103:
32
19
19%
43%
A-O
118
7116% 118%
1959
34
718
741
M-N
107 Vi
J-J
5Vis_1952
34
.Cl'Vi'.l
M-S
Abbreviations used above—"cod,"
(Delaware)
J-J
84-:
!S2 ':
'
■
>32':*
•
M-N
•No par value,
103 3S2
1949
48.—*
United Light St Power Co—
1st lien & cons 5Vis
F-A
.
(issue of Oct. 1927)
ARussian
5
1968
3Vis
Edison
76
35%
2022
Toledo
85
28%
1958
7s
Stamped
29
103% 103%
28 % >
775
1947
A 5
1946
28%
M-N
1947
71
30%
30%
J-D
6%s stamped_1958
(Peru)
Interest
J-J
''LVKKv.
•
Mortgage Bank of Bogota—
A7s (issue of May 1927)
Corp—
3d stamped
*0
5 64
63
734%
103%
96%
64
763
J-D
103%
102%
763
1951
A7s
1948
1-951
)ftigh
1953
pursuant
AMedellin
Sine?
Janu^r^j..
Low
VihJir
7s
Stamped
Range
Sold
No.
of)
5s
ALima City
v
Bonds
Low
1955
106 %
100
10
106%
ACertificates
7-
''
'
A
,
■'MM;.--:':"
-.fiti
30
fx
Baltimore Stock
Thursday
STOCKS
Exchange
Week's
Range
of Prices
Shares
Bait
Corporation
Transit Co
Consol
Gas E
18
common
Preferred v t
t
v
*
com
Fidelity & Deposit Co
Fidelity & Guar Fire Corp
Finance
Co
of
Amer
A
25%
25%
3.00
—100
& Pr
17%
c
c
L
Low
70%
*
High
18 %'
3,00
16
|
690
Jan
3.65
Feb
20
685
20% Mar
27
69
Jan
10
155
Jan
160
Jan
51
44
46
Jan
51
Mar
14
10
5
14
52
13% Feb
14
.
Shares
Trust-.-
Vernon-Woodbury Mills com—^100
Preferred
8%
r.ioo
95
8%
71% Mar
3% Jan
348
'
95
87%
50
Mar
8% Mar
95
Feb
60
16%
18
52
Co
8'A
East
Boston
10
Co
Fuel
U S
Amsterdam
Casualty
-2
Fidelity & Guar
-—50
27
38%
27
38
38%
23 %
70
38
290
Jan
Mar
.
Mar
27%
4% % prior preferred
6% preferred
Eastern Mass Street Ry com
6%
1st
pfd
series
5%
preferred
adjustment
SS
Lines
Feb
Co 4s
—1973
72%
72%
74
$24,000
79
-1975
80
1,500
1
2%
Inc
82
100
B
Eastern
1
2%
49
,—100
100
100
100
100
A
preferred
25
104%
National
8% Mar
9% Mar
1
1%
71
Feb
79%
77%
Jan
85
Mar
85
18 Va
12%
78 %
Royale Copper—t—.
75
85
-
19%
13
Feb
101%
Jan
109
71
Jan
87
14%
Jan
21%'Mar
14
' Jan
40
310
560
Low
Sugar Refining
.100
American
Tel
-100
161%
American
Woolen
•
93/8
Anaconda
Copper
--50
31%
&
Bigelow-Sanford
Bird
& Son
Boston
&
Boston
Tel
Carpet
100
25
Elevated
Herald
100
Ry
Maine
160% 162%
9 %
12% Mar
30%
Corp
35%
Jan
19% Mar
135
42%
Jan
1,436
37%
Feb
289
47%
47%
40%
39%
40%
14%
13%
14%
155
V
420
2
1"%
35j/8
Jan
17%
48
7%
7%
605
5%
145
41%
Jan
12%
Jan
31%
907
Jan
130
Feb
140
200
40%
73%
17
Jan
19
115%
Jan
130
26%
Feb
40% Mar
Jan
77
Jan
27% Mar
Mar
RR—
100
65%
70
528
60%. Jan
717/s Mar
100
10%
14%
class A
1st
pfd stamped
100
.11%
11%
B
1st
10%
10%
1st
pfd stamped
pfd stamped
100
C
100
10%
10%
100
14%
15
125
•
15%
15%
220
100
46%
1st
pfd stamped
Prop
Providence
Trust
RR
For footnotes see page 1460.
46%
-
Jan
1
*
Liftotype
1%
'
43
1%
310
300
6% Jan
17
16%
17%' Jan
7'/a
49% Jan
l'/VTeb
70% Mar
70
> 66%
Jan
7%
Jan
17%
44
44
510
2,200
Feb
Jan
485
36c
11% Mar
Jan
11%
157/e
Jan
.
1
70%
32C
.—1
"
Jan
11
11%
'
Feb
67
>yo7>y;;:
1
5
Service
Cos
England Gas & Elec Assnpreferred
New England Tel & Tel
North Butte Mining—
5%%
Old Colony RR
Pacific
»:>
I100
44
114% >
-2.50
114
40C
42c
-100
—
11% Mar
15%
Jan
18%. Feb
25c
Jan
49c
25
42
Jan
50% Feb
109%
Jan
2,200
30c
Jan
2%
418
30c
Jan
38% Mar
116%
43c
170
Jan
Rutland
15
Jan
Stone
RR
Shawmut
14%
Jan
17%
Jan
13%
Jan
16 %
Mar
41
Feb
7%
Feb
—
preferred
&
Webster
Elec
Torrington
34%
357/8
623
33%
26%
26%
26%
50
20"%
2%
2%
2%
520
Co
—
—
*
*
200
2
15%
*
common
20
13%
*
Inc
Securities
*
100
■'>■
1
Assn
Suburban
39%
35%
-100
—25
Jan
15
39%
iiso
—
Reece Button Hole Mach
10% Mar
39%
164
———
RR
Marquette Ry—
10% Mar
577/8
2%
•
Mills
Pennsylvania
Pere.
9
20
42
100
Nash-Kelvinator
13
"
7%
10
2
39% Mar
119
72c
t.
Feb
Mar
4%
Feb
Jan
Mar
69%
class
&
.
23%
class
Personal
100
common
36%
Feb
240
5%
class D
Jan
347/8 Mar
70
•
8%
10%
37
2,547
74
25%
29
5
95
35%
New
164%
Jan
•
RR
preferred
National
Jan
7%
Boston
*
9%
18%
Central
Jan
156%
<
43% Mar
17 :; Jan
Jan
449
9%
Quincy Mining Co
prior preferred
Boston
High
35
140
Feb
49'% Mar
V
13% Mar
17%
55%
2,157
127% 129
39%
46% Mar
Feb
Mar
•
Jan
20
17 7A
5
Narragansett Rac'g Assn Inc—-
9%
—100
Traveler
Low
85
18%
128%
Range Since January I
High
46%
140
*
'
Boston
7%
pfd
Albany RR
Boston
&
6%
Inc.-
Edison
Boston
.
46 %
„
4% Mar
16
33%
17
25
Mergenthaler
for Week
Par
American
52% Mar
31%
33%
17%
15
*
5%
Shares
A
Jan
3%
Copper
Mass Util Associates v t c
Range
84% Mar
Feb
47%
•
Gillette Safety Razor Co
Maine
Sales
of Prices
Jan
2% Mar
Jan
Jan
Boston Stock Exchange
Last
Mar
25
Corp (Del) common
Loew's Boston Theatres
Sale Price
Jan
21% Feb
2%
•
Store8
Electric
Lamson
STOCKS—
Feb
31.15
Jan
16%
25
4
104% 105
*
Isle
Week's
9
.
200
49
4
•
1
Kennecott
Thursday
High
Mar
30.62 Mar
100
82
49 !
•
common
Employers Group Assoc
Engineers Public Service—
General
series
5s
50
6%
40% Mar
Bonds—
Baltimore Transit
8%
'
"
—
First
New
94
Associates—
Common
6%
Mt
6%
30.62
18
Range Since January 1
Low
6%
30.62
-.10
Range
Shares
1
Service
Cdpper
tor Week
High
5
Hecla
Eastern Gas &
100
70%
Range
Low
Jan
Mar
159
70%
159
&
Century
Cities
High
Jan
3.00
33
26
Low
50%
20
common
Calumet
Range Since January 1
7"
Sales
of Prices
Sale Price
Par
for Week
Par
Last
STOCKS—
Sales
Sale Price
v
Week's
Thursday
Last
Arundel
•
I'tO
1948
Interest reduced
106%
104%
__
106%
Bank
7s
Danzig Port & Waterways—
A External 6%s stamped
98
& Electric—
AStarrett Corp
Btinnes
106
1970
6s
Debenture
15
2022
8s
stamped
Debenture
106% 107 %
105
AMaranho
(stamped)—...—.—May 1948
Conv
,
L
&
106%
105
1951
Southwestern Gas & Elec 3 Vis
6a
A-O
7105
'
.1971
Indiana
Spalding
M-S
(Calif)—
mtge 3s
Southern
J-J
A-O
J-J
Jan 1947
5 Vis
Extended
1947
,1070
Edison
Counties
1st
■„
"J
T
I
April 1940
20-year 7s
Bogota (see Mortgage
Danish
Southern
*1(50%.
(Col)—
7s
A
99
102
—
Thursday's
Bid & Asked
107
106%
90
127
J-D
Shawinigan Water & Pwr 4%s—1967
Southern
99%
Thursday Weeks Range
,
High
•
Estate
Scullin Steel inc
100 Vi '105
7100% 101%
—
'lOS-5
101
Foreign Governments & Municipalities
BONDS
& Pwr 6s 3—
Real
16
104%
108%
3-D
3-D
1952
Water
f 2
100% 100 %
100%
102%
1037/aTO4
Jersey—
A
Joaquin Lt
v.
.
106%
Period
series
„
^19
"SvfU
108
,
Queens Borough Gas & Electric—»
5 Vis
117%
'.,MV
106%
109
M-a
1949
New
-
119
119
—
7109
M-S
1964
perpetual
Traction
Newspaper Union—
106%
:'U07
1959
mtge 3Vis
6%
10
Western
of Colorado—
Co
Service
107 Vi
<
63%
1950
4%s B
Sinking fund deb 4s
Public
63
Co—
extended
(Can)
10
67
107
__
F-A
1962
6s
63
—
J-J
1972
5Vis
104'/a 104%
—
J-D
1970
Philadelphia
104 Vi
J.J
1977
;
1st mtge 3s
Penn Central Lt & Pwr 4%s__
F-A
1964
1979
5s
Lexington
11%
'
'
'
36%
153
15%
,
11
47/8
36%
12%
5 *
Jan
44% Jan
38% Jan
Jan
26% Map
1%
Jan
3% Feb
12%
Jan
14 % Mar
1%
Jan
15% Mar
200
10%
4%
555
36% Mar
261
2% Feb
+—
Jan
Jan
.
16% Jan
14
Feb
5% Mar
38% Feb
& FINANCIAL CHRONICLE
THE COMMERCIAL
1454
Monday, April 2, 1945
OTHER STOCK EXCHANGES
N
%
" Par
#
United
Fruit
Co
Waldorf
30
Jan
185
15%
Jan
Mar
90
815
33
Mar
18% Mar
94% Mar
55%
76%
125
75
Feb
78
55%
155
51%
Jan
60% Feb
15%
14%
15%
175
13%
Jari
Northwest
Rights
40
206
36
Jan
40%
440
120% 123%
115%
Jan
Airlines,
'ivi-.—
•
Northwest
Inc
128% Mar
Omnibus
Corp
Corp
Low
l
common
Castings-
Advanced Aluminum
Aetna
Ball Bearing
Allied
Products
common.
Mfg Co—,
...
Public Service pfd—
Tel & Tel Co capital—
«
&
Armour
Aro
Co
7%
1
17%
—1
2%
8
Equipment Corp common.
Co common—
Washer
Automatic
Aviation Corp (Delaware;
Bastian-Blessing Co common
*
—10
Mfg
Belden
Co
Radio
Belmont
Feb
Raytheon
11%
Jan
Reliance
Feb
31%
Jan
pfd
$6
Pub Serv
•
111
Corp
Secur
Util common
Central S W
preferred—
lien
Prior
1
50c
*
*
•
common
Preferred
7%
Belt
Chain
Co
Mfg
Convertible
Feb
164
Mar
Schwitzer
Jan
Signode
1%
Jan
2%
Feb
350
7%
Jan
9%
Feb
100
3
Jan
4%
Service
Co
5%
Jan
6%
Feb
2,900
Co
8
3%
Consumers Co
6
South
Bend Lathe
Inc
Common
Container
16%
Jan
18
Mar
Standard
14%
Jan
21
Feb
10% Mar
13
Feb
Btandard
Feb
Stein
Stewart-Warner
16%
17%
4,100
11%
11%
450
7%
Jan
8%
23%
Jan
27%
Feb
5%
50
Jan
7%
Co
Crane
common
Cudahy Packing Co 1%
25
200
6
500
33
34
100
33
15%
Works
15%
600
13%
;
of
Mar
Jan
Jan
37
1%
1%
2%
2%
120%
20
116%
115
117
1%
14%
Corp
Swift.
&
International
Co
Jan
2% Mar
Texas
2% Mar
Jan
Jan
131
Fitz
120
Mar
82%
Jan
8%
Jan
300
21% Mar
15% Mar
27% Mar
Union
Co
Carbide
Fox
9%
Feb
U
S
Utah
Jan
Jan
60
35%
150
35
Jan
37
Mar
29%
600
25%
Jan
32% Mar
Wieboldt
61
230
54%
Jan
63 % Mar
General
Amer
Transp
63
Jan
72% Mar
Woodall
93%
Jan
71%
98
30
80O
17
17%
1,300
16 %
Jan
150
3%
Jan
29%
12,800
28"%
Jan
8%
4
29%
350
4
29
'N/nRnN/
p
■
7%v Jan
21%
Preferred
Walgreen
&
Foods
General
Motors
Carbon
Feb
Zenith
Gillette
Safety
Goldblatt
Razor
8% Mar
Mar
common
common
Great Lakes
38
17%
Feb
17%
Feb
30
Jan
Atch
100
26% Mar
28
28%
700
26
Jan
31% Mar
106
28%
106
107%
790
104
Jan
Heileman Brew Co G
Hibb
Xl3
50
13
Mar
15 %
Jan
15
Jan
18%
Feb
4%
4%
39%
40
43
Jan
14%
13%
14%
500
13% Mar
16%
Feb
37%
36%
37%
175
35%
40%
Horders
Inc
class
Illinois Brick
Jan
Co
$6
Power
Co
Drug
Mar
Jan
13
200
11
Feb
13
Jan
16%
17%
550
13%
Jan
18%
Feb
30
30
31%
500
29
Jan
34%
Feb
52%
53
300
49%
Feb
56
X67/a
300
12
X6%
6%
9
150
9
6% Mar
8%
Jan
Mar
7%
9
Feb
Mar
40%
40%
700
40% Mar
42% Mar
Jan
68% Mar
10%
*
14
13%
18
,700
11
100
350
18
.10
350
100
18
19%
•
19%
■:12/-;;' 12
'
Jan
12%
13% Mar
16%
Jan
13%
18%
Feb
21%
11%
Jan
15
800
13%
Jan
17%
54
280
48
Jan
14%
Jan
17
17
Jan
8%
100
300
4%
8%
27
~7%
40
16%
20
4
*
_•
17%
250
9
27%
7%
..1—1
7%
-
8
%
31
8%
29%
150
ioo
;.
378
7%
26%
Jan
Jan
Jan
6% Jan
17%
.
8%
20
12%
Jan
250
7%
8
Leath
&
Co
_•
common—.:
Cumulative
$3%- preferred
Lindsay
Light
17
.1
i
...__:
&
Chemical
Co
Material
Line
5%
common
com
a
*
15
37% Mar
38
26%
27j/4
900
20% Jan
27% Mar
15
16%
3,500
23
23%
450
13
4%
15
1,200
4%
4%
34%
36
18
120
16
16%
200
15%
Feb
35
Feb
Jan
3% Jan
23%
5% Mar
38% Mar
Jan
17% Mar
18%
Feb
16
:
8%
7%
26
<
6%
6%
Jan
7%
Jan
1,550
500
•31.;- ;
/.'/■.
18%
Feb
Mar
14%
14%
14%
500
14% Mar
16%
Feb
31%
31%
31%
1,700
31% Mar
34%
Feb
32%
32%
100
321/4 Mar
34%
Jan
50%
51
300
49% Jan
54%
Feb
39%
40*
100
36%
Jan
41% Mar
83
83
—
•
40
83
100
79
Jan
89% Mar
32%
33%
200
31%
Jan
36
14%
15%
5.200
14% Mar
62 %
60%
62%
1,400
58% Jan
9%
9%
300
7% Jan
,
•
Rad
—
Marshall
Field
General
31% Mar
32%
■44%
44%
100
44% Mar
47%
15%
15%
100
14%
Jan
16
Feb
13
ll7/s Jan
14
Jan
32
31%
100
28% Mar
5%
11% Mar
29
Feb
8% Mar
Steel
8%
Feb
9% Mar
32%
13%'
8%
250
8% Mar
10%
Jan
capital
—5
7%
7%
100
7% Jan
9%
Jan
common
37
4% Mar
6
Jan
200
7%
Jan
10%
Feb
'A';:./ 10
37%
An
42%
Feb
2,300
7%
Jan
350
6%
26
7%
26
6%
6% V y
14
10
150
200
37
200
37
Memphis Natural Gas
Mickelberry's Food
Middle
West
Convertible
com.
Jan
25% Mar
New
t
St San com.
•
13
12%
13
1.500
Jan
14%
31%
30%
31%
1,900
29%
Jan
34% Mar
82%
83%
200
76%
Jan
86
% Mar
70
Ilio
77
Mar
com. .100
Radio
67%
Jan
700
5%
Jan
40%
900
38
Jan
43% Mar
100
9
Mar
10% Mar
9
9
23% Jan
27
Feb
16%
16
17
1,500
15%
Jan
18%
Feb
22%
22
23
1,700
22
Jan
26%
Jan
28
28
200
28
Jan
31% Mar
—1
200
24%
24%
—1
*
'. ' .■' N/N/"
48%
Jan
52 Va
18%
19%
1,100
17
Jan
21
10%
10%
11
2,200
10 %
Jan
12%
21%
20%
21%
1,400
19%
Jan
24
_
•
common
19%
—"NS
II* /. ;
Republic Steel Corp common
»
29%
.25
57%
57%
57%
Studebaker Corp
—1
24
22%
24
U S
Rubber Co
common
common
f':'
.10
common
/
r
37
20
.
21%
Cincinnati Stock
Feb
Mar
100
29%
Jan
100
56%
Jan
61
18%
Jan
24%
32% Mar
Mar
Feb
-
N
Last
Sale Price
STOCKS—
American
Laundry
Participating
pfd
6%
...
34%
Low
16%
Jan
25%
240
32%
Jan
36%
10
■:J
63
14%
9
9
High
19
5
14 %
Brewing
Burger
19
6%
Baldwin
Range Since January 1
High
5
preferred—. .—.7
—_
Shares
32%
20
Machine.
Prod prior
American
for Week
of Prices
19
L
Industries
Aluminum
Sales
Range
t
Low
Par
Ball
Cincinnati
Crank
5
Cincinnati Gas & Electric pfd
7% Mar
Tobacco
Cincinnati
6%
Feb
Cohen
14%
Jan
100
50
Ware.:—
•'
2%
107% 108
108
Feb
Jan
5
Jan
4%
Jan
7
Mar
10
107
100
Jan
5
Jan
15% Mar
10
;i;N9/ / Mar
..
35
Jan
28%
Jan
12%
Feb
2% Mar
NN:N:/;l09-vN
34%
10
280
200
Jan
3%
Feb
107%
Jan
109
70
34%
Jan
40
35%
Feb
38
Mar
850
18%
Jan
8%
Jan
14
Feb
197
78%
Jan
83
Mar
20
3
Mar
21
Feb
10%
10%
28%
32%
32% N':/;NN::35aNN
12%
•
■:
8
10
Feb
351
83
20
...
Eagle-Picher
Feb
350
Drug
Feb
82%
12
83
*
Corp
12
2%
—25
(Dan)
Crosley
30%
12
2%
50
Cincinnati Street
Cincinnati Telephone
Jan
30%
*
*
Churngold
9% Mar
26
Exchange
Week's
Thursday
Jan
5%
20
10
10% Mar
10% Mar
28% Mar :•/; %
14%
14%
9%
644
14%
45
28%
20
8
Feb
v
Jan
13% Jaa
39
9% Mar
16%
Feb
33%
Jan
21% Mar
5%
100
5% Mar
9
12%
Feb
Mar
1,000
29%
Standard Oil of N J—
Brands
Jan
—*■
Corp of America common
Standard
6%
—5
common
Corp
(The)
400
57/«
•
common.
Incorporated
Oil Co
Pure
70%
5%
Co
Corp
(Glen L) Co
Pullman
Feb
39%
1
Iron
11%
5%
common
York Central RR capital
13% Mar
5%
5
.—1
capital
38%
37
21%
common
Prod
Corp
Midland United
37%
37
Feb
42
Mar
Jan
97/a
7%
Jan
8%
Corp
Nash-Kelvlnator
19% Mar
42%
9
Jan
—2
Jan
9%
8%
400
32
common
Corp
Electric
Interlake
Dow
common
Mar
10% Mar
*
common
Copper Mining
Topeka & Santa Fe Ry
Bethlehem
&
Mfg—
cumulative pfd
$2 %
Mapes Consol Mfg capital
Mar
16% Mar
67
"
Champion Paper & Fibre
5%
13%
14
',
'
McCord
Feb
12% Mar
600
17%
23%
30
1,200
35%
Jan
17% Mar
Mar
22% Jan
70
Feb
42%
9%
*
preferred
Llbby McNeill & Llbby common
Lincoln Printing Co common
Feb
10
Feb
..
,
Jan
37%
800
Mach
22% Mar
16%
Ill
LaSalle Ext Unlv common
6%
37%
•
31%
57% Mar
Switchboard common—
Ken-Rad Tube & Lamp common A—I*
•
i
*
.•
;.■"
' •• ■"
22% Mar
Jan
Feb:
14%
Kellogg
5%
1,150
6
100
com
com
13% Mar
53%
20
preferred—
6
105%
19% Mar
15
B—
common
26% Mar
Mar:
Feb
Jan
54
III
J//200::,/■ /IOO
Jan
9
16
.25
.10
Feb
111% Mar
Feb
-1
capital
Inc
Bankshares
5% Mar
16%
500
Indep Pneum Tool vtc new.,!
Steel Products common.
Katz
39
11%
Indiana
Interstate
30
11
Hupp Motors common
18 % Jan
26%
20%
12%
1
Paramount Pictures Inc
common....^;.....-.
Houdaille-Hershey
5%
23% Jan
150
25%
31
*
Telegraph
American Radiator &
Feb
300
4%
4%
11
cap—
Jan
200
Feb
15
Curtiss-Wright
250
13
17%
17%
62
Spencer Bartlett common—
4%
Feb
/46 % Jan
111% Mar
107% Mar
900
common—
Mar
10
5
Anaconda
27
64%
& Dk com
Dr
Harnischfeger Corp
36
102% 102%
;
"
capital
common
Unlisted Stocks—*
:
Jan
17%
63
common
Inc
(H W)
Bros
Gossard Co
20
81
5
common
Radio
36
64
common
36
16%
•
Industries
10
:—*
*
Adv
General Outdoor
Co
50
10
*
common
Jan
23%
15
Transp capital
w i
Stores
27
*
common
Corp
Line
Union
38
38
100
—
General
77
Jan
15
General Finance Corp common
170
4% Mar
29%
39%
5
1
78
3%
Feb
103
5
common
20% Mar
Jan
23
common
common
Wisconsin
17%
1%
6% Mar
Jan
2%
Feb
17%
—10
Jan
16%
100
300
6
400
25
Radio Products
7%
53%
*
Auto
5
300
3
17%
'
Steel
150
94%
*
Drive
Mar
5%
27%
Light & Rys
14,300
8%
10
*
1
(Peter) Brewing common
:
5
common
Street Corp com
Air
35%
*
common—
Four-Wheel
76
5
*
capital
United
59
8
Connell Dk & Dredge
&
Simons
Jan
Jan
320
22
21%
1
Watch Co
National
69%
25
capital
capital
208 South La Salle
1J
120
Corp
Martin
Elgin
100
•
capital...
%
230
14%
14%
.10
Util Corp
Household
Electric
Jan
76
6
5
common
Sundstrand Machine Tool
Yates-Amer
(The)
Eddy Paper Corp
,38
108% Mar
4,500
120
71
(Alf) & Cohn Inc com
Decker
Feb
Jan
2
A
Jan
2,000
120 %
16% Mar
58%
Dodge Mfg Corp common
Domestic Industries Inc class A
Mar
21%
33%
20
."V
,
cap
Indiana
class
99%
190
105% 108%
106
96%
.100
107
300
1
Oil
Co
&
Swift
15%
5
pfd-
cum
Jan
18% Mar:/':
1,100
111% 111%
26%
60
Common
Western
A—
pfd
Stockyards capital
Dredge—
28
com— -20
-25
98
19%
35%
'
-
of America
Feb
8% Mar
4% Jan.
120
103
17
■
102%
Feb
25
6
com
shares- vtc
part
Corp
Co
common
400
t c partic pfd.;— „50
v
15%
8,050
~5%
1
common
Sinclair Oil Corp.———..
17%
35%
Consolidated Biscuit common.
r
111%
*
17
8%
common— -25
Jan
36
*
Common
59
common——
Uten
Feb
12%
7%
147
77
•
1
St Louis Nat
"-Mi
1
Edison
57%
100
5%
•
capital
Strap
30% Mar
—
Aluminum
Jan
Feb
500
2%
Steel
Jan
Vtc for common.—————
Club
Jan
43
14%
3
5
preferred
capital
21%
17
Chicago & North Western Ry—
Commonwealth
136
20
3
■b+m
*
common
Cummins
26
6
Chicago Flexible Shaft common—
Cities
Feb
140
48
76
76
10
6%
Sangamo Electric Co
150
preferred
Chicago Towel Co common capital
Chrysler Corp common
Feb
Co—
28%
22
': Preferred'
Feb
2% Mar
25 ya
Jan
34 y2
100
Co
Mfg
Mar
8
common.
Chicago Corp common
Mar
23%
200
18%
*
preferred
United
pfd
Power & Light
Central States
Mar
Feb
135
Jan
"
Cent
45%
Jan
158%
200
17%
——
Illinois
2
500
2%
24
102
y—■'
1
;
common
Jan
11%
1
Brown Fence & Wire class A pfd—:*
Common
—i..,
1
Bruce Co (E L) common..
5
Butler Brothers
—„10
Central
10%
Jan
17%
1
34%
l
...
common
28%
Co capital
Mfg
Packing
28%
Corp.————
Bergboff Brewing Corp—
Binks
Rath
Spiegel
common
Co
103
capital—100
common..
8%
17%
5%
Jan
100
27%
6%
10
.
50
common
6% Jan
7%
—3
Feb
15%
124
1,400
2%
3
common
Feb
18%
7%
High
Jan
44
Jan
27% Mar
14%
—
Jan
39%
;
common
Car
Roebuck & Co
Serrick Corp class B
7%
17
(The)
Coke
Sears
3%
4
Athey Truss Wheel capital
10
300
6%
&
Oats
Jan
29
100
160% 161%
5
common
Asbestos Mfg
41%
130% 130%
American
Amer
50
5
capital
Quaker
7%
300
■/N'f'/ 40
Feb
17%
48
—
100
Lt
Steel
9%
1,150
9%
41%
100
Chalmers
Allls
9%
29%
B com
class A
RR
Corp (The)
10'A
4,500
9%
8%
9%
__10
1
Range Since January
Low
11%
29%
9
:::?
common—
Corp
Co
Pressed
High
10%
10%
Jan
38%
150
Sl41% 141%
48
6
common.——
Process
Shares
par
Admiral
Gas
Potter
Sales
Range
36%
100
2
.100
...
preferred
for Week
of Prices
250
18%
23%
...
.100
Elec Switch
Peoples
Chicago Stock Exchange
Sale Price
40
39%
18%
27%
preferred
6%
STOCKS—
-v.., /
High
Mar
Penn
Week's
../
Low
39%
>■■?: n -■.///.N.y';
2%; :
Util
Pennsylvania
Last
:
/':■'■
■
Range Since January 1
High
■
Feabody Coal Co class
Thursday
Shares
39%
5
common.
Bancorp
common
pr lien pfd
West
1%
16% Mar
39
123%
.50
Westinghouse Elec & Mfg—
10
N; -O"N'JN
for Week
Low
20
Nor
39
System Inc
—
Co.........*
Warren' (S D)
National Standard Capital stock..
Noblitt-Sparks Ind Inc capital
Jan
75%
-10
STOCKS—
■
Par
55%
.25
common.
9 Rubber
160
17 %
93%
S
North American Car common
32
92%
Range
of Prices
afe Price
MiOh
Lou)
i6%
93%
1
Range Since January
Shares
4-
Sales
Week's
;
Last
31
31
u
—-
Mach
Shoe
United
5
hursday
High
Low
5
.
Inc
Drug
United
U
Drill
Twist
Union
MARCH 30
for Week
Range
of Prices
Sale Price
STOCKS-
ENDING
Sales
Week's
Thursday
Last
"
WEEK
FOR
RANGE
9
100
9
11%
12%
2,950
31%
31%
200
Mar
Formica
Hatfield
5% Mar
14%
Jan
10% Jan
13 %
28%
35% Feb
Feb
,
28
.
72
A—
.
28
Mar
,
,
6% ■■'•V-/:-- 64
6
301
67
Feb
75
45
Mar
37
48% Mar
50
36%
41% Mar
72
73%
45
..—100
v-..
class
:
6%
——,
Preferred
Hobart
28
Insulation
46
Jan
7% Feb
76
Feb
46% Mar
Co-
preferred A
Jan
Kahn
1st
100
preferred
Kroger
—
48%
38%
49
38%
39 Vs
464
Jan
Jan
Midland Utilities—
7%
Miller
$1
prior
&
prior
Modine
lien
Hart
.100
Feb
11%
Feb
Leonard
2%
Jan
4%
Feb
Lunkenheimer
common.
page
1460.
t
3,050
12%
450
12
Jan
14
50
33
Jan
40
Feb
Procter & Gamble..
53
700
48 Va
Jan
55%
Feb
Randall
263
4
Jan
28
50
27
Jan
32
Mar
55%
57%
889
55% Mar
61
Feb
4%
4%
83
4%
4x/4 Mar
Feb
37
4
28
.—,
3%
51%
IIlO
s
Ward & Co
see
9
9
3%
12 %
3%
common
For footnotes
100
9
37
vtc—
common
preferred
Mfg
Montgomery
Inc
"B"
—
—
56%
3%
Feb
4%
Jan
Volume
Number 4373
161
"
THE COMMERCIAL & FINANCIAL CHRONICLE
1455
OTHER STOCK EXCHANGES
RANGE
Week's
Thursday
Range
Playing Card—-
U
Printing common
8
MARCH
30
for Week
pf Prices
Shares
Par
U S
ENDING
Thursday
Cast
Sale Price
STOCKS—
WEEK
FOR
Sales
Low
High
10
50%
•
17%
45
Low
51%
Preferred
Week's
Last
STOCKS—
Range Since January 11
Par
High
20
45%
18
215
14 y4
45
18
43
Rickel
Mar
River
46
Jan
Mar
18
Jan
Jan
Mar
Scotten-Dillon
56
(H
W)
Raisin
Sheller
Paper
Mfg
American
General
25
17%
16%
4%
4%
48
.10
63%
63%
64 %
455
62'%
Jan
68
29%
Rolling Mill.
Motors
Standard
30 y4
10
26 Va
Jan
32 y8 Mar
Brands
245
17%
15%
Jan
4
19% Mar
Jan
5%
Feb
1
Feb
Tlvoll Brewing common
Udylite
Union
U
S
1
Radiator
Universal
■*
common.,—™
Cooler
class
Warner
Cleveland Stock
Range
Brass
of Prices
Shares
American
Low
—50
Mfg
Coach &
Body
6%
Low
6%
Jan
12%
150
12%
Jan
Ice
47
Jan
50% Mar
20%
Jan
23%
a49% a49 %
«
Fuel..™...__
&
Cleveland Cliffs Iron preferred
Cliffs Corp common™.
Electric
%•
6
.
(B
Haile
:
89
I—5'.
Bros
57
'preferred:
&
135
21%
53%
53%
38%
329
•
Leland
(AG)
Ohio
Packer
a22
%
Mar
24% Mar
Jan
59
Mar
Jan
#•
53%
61
Feb
49% Mar
57%
16%
23
Jan
52
Jan
Feb
Mar
53% Mai-
Jan
39
27 '/a
Jan
32% Mar
13% Mar
Mar
7%
14%
Jan
10%
Feb
105
24 %
Jan
35
Mar
25
43 y2
Jan
50
Mar
55
20%
Jan
25% Mar
a26
a26
5
22%
Jan
27% Mar
19
148
18%
Jan
20
Mar
16% Jan
20
Mar
19%
Inc
*
Works
.—
19%
100
40 %
669
39% Mar
42%
Jan
65
49
Jan
59%
Feb
70
45 y2
Jan
53 y4
Mar
696
19 %
18 Va
Jan
24%
Feb
*
...—;
9%
9%
125
7%
Jan
10%
Feb
2
3%
3%
200
2%
Feb
_
Stores
Drug
a48% a48%
a48%
_•
—
"
™.
14
14
22
130
14
127
14
39 Va
3% Mar
Mar
15%
Feb
Tube
&
*
a44% a45%
Jan
50% Mar
Cnllsted—
Addressograph-Multigraph
Graphite
—.
.10
a22% a23
com_„_ „1
Bronze
35
22%
Jan
a47Va
% a47Va
55
44
435
37%
Jan
a26
115
25%
Jan
a40% (
a40% a40%
50
39%
26% Mar
*
Jan
a39% a40%
a26%
common
a44
a40%
•
General Electric common
Glidden Co
—
Jan
a26%
V
•
—
com
-'
9
9%
120
a21% a23 %
70
iii ■"
50
Mar
>43% Mar
»
28%
Ohio
S
Oil
--
:
•
♦
common
Steel
Steel
41%
5%
43/3"
940
3%
Jan
6
800
57/b Mar
6%
300
6y4
Jan
9% Mar
Feb
5
»
7% Jan
6% Mar
Jan
go5
4% Jan
6%
380
5
Mar
6%
100
9V4
Feb
1,120
1%
Jan
53/4
5%
10
,
'
10
.
1%
1%
Week's
Last
STOCKS—
'
Feb
Feb
10
Mar
2y4 Mar
s
■
'
'
for Week
of Prices
Sale Price
'•
t
Sales
Range
Shares
1
.
Range Since January 1
Par
Low
Company
—1
3%
4%
2,800
3% Mar
5%
Berkey & Gay Furniture Co
1
1%
2%
400
1% Mar
2% Mar
Blue
2
4
4
1,606
Bandlni
1
'
'
Petroleum
Diamond
Corporation
Bolsa
Chlca Oil Corp
Broadway Dept Store Inc
Byron
Jackson
1
—
Preferred
Electrical Products
Emsco
Derrick
Exeter
Oil
Farmers
Farnsworth
Television
Motors
Oil
"A"
Co
Holly Development
Hudson
Hunt
Motor
Radio
Bros
24^/4
Jan
31%
Feb
79
119
77.
Mar
88
Feb
270
94
Jan
94
77
1
com.
._
•*
Jan
19
2,465
19
Jan
25% Jan
28
1,010
26%
Jan
28%
Jan
12%
2,360
10%
Jan
13
Feb
a66Va a68%
175
71
Jan
71% Jan
1
'
1
«,
13%
1,101
al0% al0?8
50
'
r
•—
■
20%,
12%
'
;V
■'
30-
515
:
15%
Feb
515
10%
Jan
2,300
36
;
12% Mar
>
30
Jan
40
Feb
10
510
Feb
.520
Mar
■
11% Mar
13
Jan
16% Feb
62%
Jan
67% Mar
13%
13 Va
13%
64
63%
64
17%
17%
105
16%
Jan
18%
a49% a51%
45
54%
Jan
57% Mar
a51%
*
common
Co
,
11%
*
Co
j
Feb
27%
10
..
Co———1
Car
Feb
Bank. .100
common.
Gladding, McBean & Co
Goodyear Tire & Rubber
Hancock
24%
28%
1
"A"__^„
&
Corp
25
150
a94% a96%
'
a68%
Co.™ —.5
Nat'l
23 i'. Mar
12%
•
Ltd
2.75 Mar
Jan
1.75
19%
Corp.—.—„ —4
Merchants
Jan
Jan
21
27%
1
Equipment
Company
&
General
&
Jan
4%
a23% a23%
77
Uim
•
Douglas Aircraft Co, Inc
280
Jan
3
'
*
America
180
22
y
High
a30% a30%
5
—_*.™.
of
2.70
22
—
Consolidated Steel Corp
Low
High
2.70
•
♦
Co
Chrysler Corporation
Creameries
«#
•
com.,
California Packing Corp commonCentral Investment Corp
IlOO
;
992
1,015
.
Jan
60 Va
95c
Jan'
21% Mar
10
I 16j/r Mar"'
17% Mar
303
53 %
80c
500
77 %c
19%
17
58
80c
._
21 Va
Mar
Jan y
57%
•:V
*
21%
1,835
15'/a
Feb
Mar
17
750
.-10
10 Va
10 '/a
100
9%
Jan
1
a3%
a3%
15
3%
Jan
5%
Lane-Wells
1
14
14
250
14%
Jan
16%
Feb
46c
50c
3,900
45c
Jan
60c
Jan
20%
20%
316
19%
Jan
23% Mar
al7%
Steel
;
17%
a62%
•
Door
a
110
a20% a21 Va
common
common™
Youngstown
Packing
Co common
Preferred
Lincoln
Company
Petroleum
Lockheed
Co
10c
Corp
Aircraft
L_i
16 %
50c
„
21%
Co'
Oil
Mar
l^ar.
Jan"
Mfg ,Co™^'il-'—Jl-'
Corporation Ltd
:1
Northrop Aircraft Inc.—
—1
common—
Occidental
Mar
20%
Feb
155
020% a2iy«
:
19%
Jan
24
288
58%
Jan
67% Mar
145
'
a60% a62%
a21%
'
17
-lit'/:
20 Va
Jan
24%
Petroleum
Oceanic Oil Co™™™-
Feb
%c Feb
1.45
2,000
7y8
77/a
570
23c
7%
23c
1,000
20c
Jan
8c
Jan
6%
75c
Jan-
1,900
10c
.Feb
2.00 Mar
Feb
18c
9V4 kar
Jan
29c
Feb
40c
Jan
31c
500
30c
Jan
36%
367/8
611
34%
Jan
35%
35%
100
35% Mar
a53
a55
26
51%
Jan
58
Feb
a49% a51%
160
48%
Jan
51
Mar
23% Mar
31c
———1
Mar
Feb
Pacific
Gas
&
5%%'; 1st
Elee
.25
common
,25
preferred
.10
Pacific Indemnity Company......
Pacific Lighting Corp common
Pacific
Public
Serv
1st
Co
23%
common..
5%%
Go.
a50y8
preferred.
Republic Petroleum
Watling, Lerchen
67
1.70.
10c
1.60
10c
I™——1
Corp
500
67%C67%C
Nordon
26%
_1
Menasco
10%
Jan
10% Mar
Feb
45
8% Mar
r
U
Jan
5%
.
••
_™__™._—™™„.
York Central RR
Republic
7
5%
Thursday
Mascot
Industrial Rayon
Interlake
Iron
New
200
Hupp Motor Car Corp
Sheet
Youngstown
Cleveland
87/a
13 %
Angeles Stock Exchange
Feb
39%
.25
Refining
Weinberger
Jan
18%
57
93
33
628
9%
32
39%
Iron
Tool
Jan
a53% a55%
Bros
Products
Warren
80%
Jan
19
Van
Vlchek
•
28
248
47 %
...;
Thompson
Feb
360
•
75
38%
a21!4 a22 Vz
'"
™'
Standard Oil of Ohio
Dorn
245
13%
32
Patterson-Sargent
Richman
29
53%
47 %
B—
class B
Corp
21%.
9%
_
class
Acme
Brass
a
a29
13%
9.%
Electric
National
13%
Sessions
McKee
.
__
Feb
•
Laughlin
&
135
a50% a52%
—50
Kelley Island Lime & Tr
Lamson
59
8
Interlake Steamship
Jones
859
56%
—15
™.
110
21
.57
a56%
56%
7
*
Rubber
&
common
58
90
19%
20
r"
*
F)_
Goodyear Tire
a21% a21%
21%
Controller
Goodrich
Jan
12 Va
12 %
53/4
13% Mar
7%
i
City
.
1
Los
High
%
170
6
12%
15
Brewing Corp of America.™—
Range Since January 1
High
6%
5
—
5
for Week
Sale Price
Par
Akron
Jan
'
'
*
common
Jan
3%
Sales
Last
STOCKS—
Aircraft
4%
350
5%
*
'
B
Feb
5
Exchange
Week's
Thursday
class
Co
&
3%
6V4
6%
1
B_
.
Walker
6
■-/
43/a
*
1
common
High
650
8%
__
1
common
Investment
Low
4
12 %
Unlisted-
Columbia Gas
Range since January 1
High
4%
"_
10
common
Shares
3%
*
common
for Week
Low
2
;
common
Sales
Range
of Prices
Sale Price
Richfield
Oil
5,175
Oil
,7%
6%
7%
.50
48%
48J/2
48%
™1
Co.™;
Corp
Aeronautical
Ryan
200
„1
.preferred
Rice Ranch
23%
10
3,600
40e
40c
40c
5%
36%
Mar
Feb
24 %
Jan
8%
Jan
Jan
48% Mar
33c
37% Mar
49% Mar
42c
Mar
*
Co
12
12%
592
10%
Jan
13% Mar
™1
common.
12 y4
7
7
7%
800
6%
Jan
9% Jan
Members
New
York
Stock Exchange
Safeway
Chicago Stock Exchange
Stores
Security
New York Curb Associate
Detroit Stock Exchange
Company
Sierra
Inc
Trading
———
Ford Building
"A"
Sinclair
DETROIT
—;
Solar
Oil
Orig
5%%
preferred
Southern
Thursday
Last
f
STOCK8—
Exchange
Week's
Sale Price
of Prices
Shares
Briggs
Mfg
common
McLaren
Brown,
Consolidated
Continental
Low
1VA
11%
635
10%
»
....
37%
37%
175
Paper
"
1%
10
2.
20%
SvV-:? 220
20%
9%
1
common
High
37% Mar
1
common
Motors
Range Since January 1
High
1
common
9%
260
465
1%
18
8%
Jan
12
Feb
41% Mar
Jan
2%
Union
Oil
Universal
Cleveland
&
Detroit
Edison
Detroit
Gray
Iron
Wood
Industries
General Motors
Goebel
6%
2iy4-Feb
Jan
12
400
Mai
21%
Jan
6%
1%
5%
7%
425
7%
Jan
100
7% Mar
22 Va
1%
1%
5%
7%
10
6
810
21%
~6%
3
Western Air
I
23
Mar
Jan
Motor
Hurd Lock &
Car
.
Kresge
La
(S S)
Salle
Masco
Wines
Screw
common™,
Michigan Die Casting
Michigan
-
Sugar
Preferred
;
Feb
Chemical
Packard
Motor
Co
Jan
6%
68
:
Mar
605
16%
Jan
23
1,865
15 Va
Jan
21% Mar
1,040
7
Rad
6V2
Mar
7%
Jan
Armour
A T
26%
26 %
5%
;l!
5%
1%
46c
•iV
1%
3 %
3%
Jan
5%
1%
Jan
360
300
15.000
,
Parker
Rust-Proof
Parker
Wolverine
common
common
700
26 % Mar
5% Mar
1%
32c
2%
Jan
,Jan
Jan
27%
7%:
1%
55c
3%
Peninsular
Mtl
Prudential
Pr
Feb
Jan
Jan
Fab
Mar
Feb
see
Feb
Mng
of B
Corp.
Co
Co
Copper Mining
Co—
Co
50
—
Refining
„
—100
—25
3
a83%
Works vtc™—™13
a27]/2
5
—'—5
a497/a
Co
Aviation
Company
Baldwin
Corporation
Locomotive
Barnsdall
Bendix
Oil
-—
—
Co
Aviation
—
Corp
v
100
6c
Feb
4%
4 % Mar
Jan
M.ar
Feb
8c
180
891
12
Jan
42%
Jan
14% ;Fcb
47%
Feb
Feb
161
29 %
164 % Mar
Jan
34%! Mar
30 A
713
6%
7%
a81% a83%
a31% a31%
5 /a
6
600
6%
Jan
337
77%
Jan
616
5%
Jan
a26% a27%
20y8
21
a48% a49%
70%
72
102
26%
Jan
30% Mar
350
17%
Jan
24% Feb
68%
Jan
30 Vz
30
34% Mar
8%
Jan
Mar
85
35% Feb
6%
Feb
100
3%
Feb
3% Mar
Caterpillar Tractor Co——>
760
5%
Jan
7V4
Cities
Feb
50
698
74% Mar
al8% al9%
a26% a36%
125
17%
Jan
20
50
40%
Feb
40%
12
12
a36% a36%
173
10%
Jan
13%' Feb
20
39%
Jan
40
Feb
a49% ' a49%
a51
al6% al75/a
4V2
4%
a29%
a29% a29%
%
%
al9%
al9s/s al9%
110
48%
Jan
48 %
Jan
59
20%
Feb
20%
Feb
260
4%
Jan
5%
Feb
Airplane Company_™™.—™5
Borg-Warner Corp
—-5
6%
10%
..
Boeing
3%
Mar
6
Bethlehem Steel Corp.
6
100
140
13
3%
500
2%
Jan
3%
2%
629
2%
Jan
3
2%.
13 Va
161%
5
(111)
9
3%
•
*
100
San
Refin
&
& Tel
200
13%
__
6c
Feb
8c
™
—■
vFeb
Feb
Feb
23%
3
5c
4%
,™™—25c
Co_.
3%
6Va
5c
C™1vV™-t—-1
9%
1%
13%
page 1460.
7%
6%
Mng Co—™—10
9
Jan
Feb
Canadian
(J I)
Pacific
26% Mar
Columbia
Jan
Commonwealth
Feb
Commonwealth &
Cons
Gas
Vultee
&
Electric
Edison
Corp
Co
Southern Corp
Aircraft
25
12
25
*
Company
14%
Mar
Railway Co
Co
Service
Jan
'
For footnotes
Feb
1 Va
23%
1
19%
200
*
common.
Jan
1%
,—2%
Investing
16%
1%
23% Mar
,
Mar
30
a
1% Mar
200
55c
3
500
700
-
Mar
30
17% al7%
Stand
&
& S F Ry
Atlantic
1%
*
™
&
7
4%
1%
22 :
Jan
Mar
'
4%
Jan
25
Stocks—
Tel
20
15%
25
375
Unlisted
American
21%
1,949
Mining
Feb
19%
22
30
22%
8% Mar
1%
19%
19
30
Mines
Jan
21%
3,300
22
30
22%
13 13%
% 43 %
161% 161%
7% Mar
Gold
1%
1
common
Car
25% Mar
20 Va
23
.10
.25
Co
1,000
Zenda
Case
Park
Jan
Jan
% Mar
6c
Pioneer Gold
300
1Q
Mar
29
Jan
1%
*
common—
16
11%
Feb
2%c
1%
„
Jan
10% Mar
27%
1,000
i%
1
common
15
Jan
Jan
Mar
1st pfd
_—1
Inc.—
Oil
Fixture
Cons
Smelt
5%
44%
43
10c
American
46c
Inc. ._5
Jan
Jan
3%e Mar
Amer
-
6
39Va
39
Jan
Jan
1
1,832
31%
Jan
4% Mar
i
common™.
110
15%
10%
10 y8
Mar
30
Feb
Jan
8
2
common
Prod
McClanahan Oil
15%
a28% a28%
..2
Jan
6%
Jan
10
,
765
1,812
32 %
7c
Jan
63
1
Co
40
40 y4
Jan
2%c
Jan
4%
39%
39%
Feb
30 Vz
Jan
300
5%
'■'■
418
45
1,000
3%
.
v
14%
30
Jan
1,000
62%
.
30
Jan
Jan
43
7
814
"V5V"'
30
11
26%
8%c
1,075
1
common
Common
.25
C
17% Mar
2%c
5c
4%
2,950
V '
Kingston Products
1,096
15% Mar
8%c
4%
7
30%
Feb
62% Mar
2%C
6%
5
30%
Feb
10c
Jan
Cto—--10c
4
20
>r/
B———™. .25
Calif—
Gold
6%
63
*
40
44%
Jan
1
Mines Company.™™_10c
Cardinal Gold Mng Co
!
1
Juneau
Mammoth
6%
.
Mfg common
.
Kinsel Drug
B_
common
150
2,043
45
Calumet G(4d
Anaconda
Houdaille-Hershey class
Hudson
11%
28%
45
Jan
4c
Mining Stocks—
Alaska
2% Mar
-
&
Lines,
1
common,...
ll7/s
28%
.25
California
of
1
1
common
common
28%
2,398
41%
54
Feb
Jan
3,250
21 %
1
common
Grand'Valley Brewing
6
5
common
common
Brewing
Graham-Paige
20
™
common
Stove
6%
common—10
common
Detroit-Michigan
Gar
Nav
16%
116
.25
Consolidated
Weber Showcase
Black
Detroit
15 y4
>
for Week
Low
Baldwin Rubber
16%
Company.:—
of
Co
196
12,000
58
™1
Ltd
Taylor Milling Corp..™
Transamerica
Corporation™Transcontinental & West Air,
Sales
Range
Oil
9c
58
—..
Co
class
Pacific
Standard
42
10c
41%
IOC
—
Company
Calif Edison
preferred
preferred class
6%
Detroit Stock
Corp
Aircraft
Southern
Telephone: Randolph 6530
..30
-.25
Signal Oil & Gas Co.
22
a60J/8 a60%
-—™—__™_
Corp
Corp
*
,.10
*
25
*
1
.
™
50
29% Mar
ii
316
—
30
18
Feb
Jan
29% Mar
...
Feb
22%
Feb
■3
«
THE COMMERCIAL &
1456
FINANCIAL CHRONICLE
Monday, April 2, 1945
OTHER STOCK EXCHANGES
RANGE
Range
Oil
Continental
Zellerbach
Crown
(Del)
Company
A
5
General Electric Co—
General
Poods
Goodrich
<B F)
Int'l
Co..
Corp
Ry Co pfd.
Tel
40% 40%
a54% a55%
6%
6%
a46%
a48
40%
--
a48
*
Corp
Mar
Corp
preferred
McNeill
Llbbv.
United Gas Improvement
5%
Jan
6%
Jan
19 %
Jan
20%
Jan
50
9%
Jan
Loew's
Inc
38%
375
41%
19%
19%
31
30%
,30%
31%
113
Jan
54%
700
5%
Jan
50%
Jan
51%
Inc
10
_
20
—
Jan
390
30
Jan
34%
Mar
698
18%
Jan
28% Mar
35%
36%
8%
39%
35% Mar
650
8%
655
7%
American
—
a75% a76%
a51% a53%
453
48%
Jan
—
22
22%
829
22
9%
9%
9%
Ludlum
55
Columbia
Feb
Jan
Steel
Gas
Low
•
Co
Devonian
Zv
'
17%
—
26%
9%
Jan
»•
6%
6%
Inc—
1
—
28%
19%
Jan
22%
Feb
Fort
430
17% Mar
20%
Feb
Lone
—
34%
Car
Motor
Co
Pictures,
Paramount
_i
5%
745
28%
50
25
Packard
6%
7%
Jan
235
28% Mar
&
Electric
33%
37
Jan
Co
Pitt
Radio
of America
Corp
Republic Steel
Roebuck
Sears,
•
—*
15
Co
61
Socony-Vacuum Oil Co
Southern Railway
Co
Standard
Brands,
Standard
Oil
Co
Co
(N J)
Studebaker
Swift
&
Inc
13%
Brewing
McKinney
232
20
Mar
28%
Feb
48%
282
48% Mar
51%
Feb
19'A
440
17% Jan
11%
20%
1,605
Co
Carbide
United
Aircraft
United
Corporation
U
S
Rubber
U
S
Steel
Corp
Jan
17
Feb
Jan
39
Mar
5
(Del)
Corporation.—
Woolworth Company
18%
Jan
31%
31%
23
21
173
31% Mar
34
49%
55
a39%
120
39% Mar
355
17%
Jan
20
a83%
a82% a83%
__all6%all9%
55
117%
Jan
60
33%
Feb
a34%
a32% a34%
a28%
a27% a28%
1%
1%
a53% a55%
60%
62
—
a55%
62
v:
•
340
1,308
85
.
105
Week's
Baldwin Locomotive Works v t
Barber
Fireproofing
Brewing
(E G)
Budd
Wheel
Co.—
Pub
of Prices
Shares
Low
z'
Jan
29% Mar
1 %
59%
Jan
13%
Jan
117%
Delaware
Electric
General
Gimbei
Jacobs
&
Power
Light
Plate
.25
Glass
Reymer
Ruud
San
161%
21%
Lehigh Valley
National Power
Alloys
123
Feb
Pennsylvania
32%
Jan
1%
67
15%
123
$1
preference
Phi la
Elec
Philco
Reading
1st
Pow
8%
Co
■si
18%
Feb
Jan
41
Jan
1
2nd
preferred
Reo
Salt
Dome
Sun
Oil
Transit
Invest
Corp
...
preferred
123%
North 4th
17%
Jan
16%
Jan
20%
Feb
Electric Co—/_
Coca-Cola Bottling common-...
30%
33%
Jan
39 %
Jan
12%
Feb
Falstaff Brewing
255
10%
Jan
14%
Feb
Griesedieck-Western
400
92%
Jan
104%
Feb
9'A
Jan
11%
Jan
Jan
22%
Mar
12%
11%
12%
94%
97%
9%
9%
125
19%
20%
917
20%
Columbia
Mar
-
16
45
44%
45%
398
44% Mar
51
Brewing
62%
64%
818
62
Jan
68%
21%
«
21%
10
21%
Jan
4%
50
4
Jan
Johnson
(S
S)
Brew
5
Laclede
Christy
Laclede
Jan
Gas
693
Exchange
Week's
Sales
for Week
of Prices
Shares
Range Since January 1
High.
30
30%
Low
High
30
Jan
34
Z
8
10
Feb
10
25
•
Jan
25
24
;
Jan
A
Mar
Feb
15%
10
13%
Jan
15%
Feb
16%
35
16
Mar
17%
Jan
45
34
Mar
38% Mar
34
34%
13
13%
65
10%
Jan
2
2
30
1%
Feb
2%
Jan
24
24
150
23
Jan
27%
Feb
50
14
Jan
14% Mar
8
Feb
11
Feb
11% Jan
14
Mar
14%
14%
*
common
14% Mar
9%
8%
7%
8%
209
6%
Jan
10 %
Mar
7%
8
1,235
7%
Jan
9 "A
Feb
Midwest
7
8,595
5%
Jan
7%
Feb
Missouri
Portland
32%
Jan
39%
41
Jan
National
12
5
19
20
Candy
10
200
470
5%
19
19
19
19
300
9% Jan
5
Mar
17%
Jan
12% Mar
5% Mar
19%
Feb
Feb
37% Mar
30
9%
14
5
...—100
common
Pipe
6%
9%
14
.*
Feb
37%
37%
136
McQuay-Norris
,
*
23%,
23%
24%
2,519
21
Jan
25% Mar
27%
27%
27%
253
24%
Jan
27% Mar
St
30%
31 %
200
30%
Jan
32% Mar
St Louis
32%
33
197
32% Mar
36% Mar
24%
25%
155
19%
Jan
29% Mar
45%
45%
110
43%
Feb
45%
33
39%
350
36%
23
162
15%
22%
9%
9%
25
58%
58%
117
2%
1,595
2%
2
%
St
9
Jan
Goods
Car
Stix,
com
10
20
Pub Serv
Inc
class
A
20
180
27%
Jan
34
350
17%
Jan
21
Feb
52
52
20
42%
Jan
57
Mar
21%
55
19
5%
•'
°
>
f.
''
•
Shares
Low
10%
4
Jan
50
9
Jan
12
14
14
6
Jan
14
Mar
30
395
30
Mar
12
,100
12
900
43 %
46%
4,715
150
150
57%
Jan
59%
Feb
1%
Jan
2%
Jan
8%C
4,000
100
114
114
5
Feb
Mar
>
11%
Jan
70
13
Jan
16% Mar
261
35
Jan
40
Feb
80%
Feb
89
Mar
13% Mar
" • :
37
37
37%
inc—1964
89
89
89
FOR
Bonds—
St Louis
LISTED
WEEK
ENDING
Pub Serv 25-yr conv
$800
MARKETS
MARCH
30
Week's
Sales
Range
for Week
Sale Price
of Prices
Shares
'
Par
1
;
Alberta Pacific Consolidated
Range Since January 1
2%
Feb
43% Mar
'
Feb
Aldermac
*
7%c
113
Jan
Jan
Low
1.25
1
Algoma
Copper
Steel
preferred
1.25
1.25
Range Since January 1
High
Low
1,000
1.25'Mar
51%
159
Feb
Jan
Jan
Aluminium
Aluminum
Ltd
15 %c
100
Co.
of
10c
114 %
Feb
Mar
Anglo
Canadian
Canada
5%
1.000
12c
Feb
19c
Mar
15 %c
16c
22,600
14c
Feb
20c
Jan
98
Aquarius
Area
98
106
Mines
102 103%
•
15
97
Feb
100
60
95
Jan
108% Mar
100%
Jan
103% Mar
73c
Jan
Gold
Ltd
1
17 %c
90c
3,750
9.00
9.00
1,780
80c
1
'
95
85c
9.00
j,
Porcupine
Gold
pfd._100
Oil
Huronian
Jan
15c
103
•
common
High
1.68
15c
High
3%
Anglo
7%c
27%
5% Mar
16%
—
15
STOCKS—
140
•
11%
Jan
Low
2%
24% Mar
660
25% Mar
Mar
High
2%
Jan
Mar
12
.10
*
.
•
20% Mar
29',
14
,5
1
common
Jan
12
.1
com
common
Ajax Oil & Gas
Range
Mar
19%
21%
common
Aluminum
Wagner Electric
Sales
of Prices
19
29%
—10
Baer & Fuller common
Exchange
Week's
Mar
20
Last
Sale Price
45%
19
19
common
r
for Week
2%
15
29J,
Equip common___3
common
'
40% Mar
Jan
Cement
Bank Bldg
Jan
-
25
.
—__
Dry
—
*
—
Louis
Scruggs-V-B
*
*
*
common
Louis
Sterling
39%
1
•
15
16
100
common
common
Jan
37%
25
15
16%
•
_____
Light
Steel
12%
3,557
100
-.iw
•
com
Monarch common
1,123
34%
100
page 1460.
Bell Teletype SL
9
Key Co common________^_._.
13%
34%
preferred
see
Feb
Co.
&
Range
HZZIZ5
common.
Shoe
12%
35 %
preferred
For footnotes
Mar
31%
129% Mar
100
12%
6%
7%
Shoe preferred
37%
Jan
Phone
30
________1
Preferred
26% Mar
4%
8
6%
Agnew Surpass
Jan
27% Mar
116 %
Feb
Par
Oil
Feb
Mar'
1871
24%
common-
common
Hydraulic Pressed Brick
Feb
63%
—1
STOCKS—
&
Feb
8c
Feb
10 %
2,545
Last
Gas
78
10
Century
25%- Jan
Thursday
Acme
175
Low
1
Canadian Funds
common
34
425
28%
9
16 %
Jan
CEntral 7600
Thursday
Paper
36
Feb
5c
Feb
St., St. Louis 2, Missouri
Par
Burkart Mfg common
Mar
50
Toronto Stock
&
9
9%
16% Mar
100
12,000
Feb
129% Mar
164% Jan
RANGE
Power
6c
Sale Price
High
25
CANADIAN
Abitibi
16 %
6c
27%
50
STOCKS—
Range Since January 1
157%
•
Corp
Jan
6% Jan
28
Last
681
1
Oil
118%
6%
St. Louis Stock Exchange
2,195
__50
Motors
15
123
St. Louis Stock
50
__
18%
Chloago Stock Exch.
Chicago Board of Trade
New York Curb Exchange Associate
11%
25
common.
Jan
New York Stock Exchange
27%
3
preferred
15%
Members
50
pfd
Corp
25
36
•
Brake
Feb
*
common
common
17%
Feb
Rice-Stix
Philadelphia Electric Co
Jan
62 % Mar
Edward D. Jones
Feb
Jan
215
:
10
Mfg
2% Mar
4
Jan
Mar
41
Jan
50
Salt
Jan
58
Feb
Low
1
Pennsylvania RR
Jan
75
Jan
17%
17%
-
Light
540
120% 123%
—*
Steel
Air
Meyer common
&
Pennroad Corp
600
3%
100
:
34%
I50
RR
2%
Bros
Wosnrtchnusp
Laclede
Lehigh Coal & Navigation.
1%
11% Mar
62
Established
231
i
160% 162%
17
—_
Engine Co.
Feb
Feb
2%
1,425
16 %
&
Vanadium
Knapp
Brothers
Jan
6
9%
113
11
6%
Mfg
10%
..10
Aircraft
6%
6%
123
Toy Mining-.
26%
•
Motors
Feb
100
17%
Pittsburgh Screw & Bolt Corp.
34%
.—13%
Storage Battery
12%
/
Mar
35
Jan
High
20%
•
common
22% Mar
Jan
3%
Thursday
5
Co
Jan
2
..1
Hussmann-Ligonier
Curtis
Feb
Jan
18%
10%
5%
6
Corp
Forgings
Pittsburgh
Pittsburgh
13
•
Chrysler Corp
6%
5%
135
common..
for Week
*
Mfg Co common
Mar
62
10
c.
Corp—
Asphalt
Budd
21% Mar
230
10%
Preferred
Sales
Range
-v.'r:
5c
24
Jan
12
6%
.10
Supply
300
Sale Price
common.—...
Jan
21%
5%
75
__
Pot
Company
.
St. Louis Listed and Unlisted Securities
1,025
264
13%
—
American Stores
Autocar
20%
465
20
21%
..1
Mfg
Fuel
National
255
100
Tel—
<\
39% Mar
al7% al8%
Last
&
Feb
Feb
Thursday
Tel
Feb
5%
Feb
288
a 18%
Z100
15%
Jan
-v18 %
303
Jan
4%
11%
*
10
L_
Philadelphia Stock Exchange
American
l
_
Refractories..
Westinghouse Elec & Mfg—
51
a39 a39%
50%
13%
stocks—
13
347
34% Mar
24% Mar
*—50 al23% al20% al23%
1
a 16% a 17%
10
a43% a43%
(P W)
Feb
60% Mar
__
5
Westinghouse Elec & Mfg Co.,:
Willys-Overland Motors, Inc.
Feb
Jan
__
——*
Warner Bros Pictures Inc...
31%
38
Jan
57%
615
5
*
10
Corp—_
Jan
35%
168
24%
*
Company..—...
29%
333
a58
22%
10
Inc
106% Jan
13%
34%
—
*
—10
Carbon
&
Air Lines
Feb
Mar
160
a28% a28%
Railroad Company—100
United
Jan
24
a34% a35%
__
25
Tide Water Assoc Oil
101%
12%
Jan
19% Jan
Mar
620,
25
...——
Pacific
47
100% a 102 %
15 15%
1
Corp
10%
425
20%
a56%
a35
125
4%
High
Jan
"
a37% a38%
•
25
Company
Texas Gulf Sulphur Co
Union
a
—
25
_
Texas
Union
—
—
•
(Ind)
Standard Oil
—
Low
28%
20
..5
Gas
Mountain
10%
20%
—
•
Corp
Range Since January 1
155
30%
4%
23
:
4%
10
Walker
Star
Feb
18%
•
Oil
Pure
Feb
Mar
34%
26
48%
—
34%
High
13%
*
common
Duquesne Brewing ;
Feb
29%
505
26
•
20% Mar
Jan
''
Pittsburgh
Inc
Pullman
19% Mar
30%
11% Mar
312
18
Pennsylvania Railroad Co—
Phelps Dodge Corp
17% Mar
Shares
29%
30%
•
Oil
Jan
200
.
a20%a21%
a21
*
—._
Jan
Sales
of Prices
Par
Allegheny
Harbison
Co
Oil
Mar
13%
Feb
11
a52
1
10
Co
North
44%
for Week
Last
Sale Price
.
Ohio
Jan
1,961
Week's
Thursday
Blaw-Knox
•
Inc.
38%
Pittsburgh Stock Exchange
9% Mar
Jan
•
RR—
Aviation,
Feb
30
-
Jan
8
335
—
American
1%
Jan
225
—
Central
York
New
North
Jab
Feb
54%
!
*
*
16%
1%
Feb
43
Jan
40% Mar
.r:31
7
—
15%
High
342
•
12% Mar
Corp
Montgomery Ward & Co, Inc
40%
16%
13%
Westmoreland Coal
Llbby
&
39%
„
-
Low
■
1%
•
Westmoreland
Range Since January 1
'M
High
1%
Feb
22%
Low
STOCKS—
Kennecott Copper
Shares
common.
155
a30% a32%
24% 26%
26%
S3
34% Mar
Feb
21
United
435
alO
40%
a9%
40%
a32%
of Canada
Co
&
Tel
—
*
*
1
♦ "
______
Motors
Northern
Great
Int'l Nickel
*
——
Corp
Graham-Paige
—.
34
150
a 19 a 19%
—
Co
Share
&
for Week
of Prices
Par
12% Mar
Jan
50
5%
5%
7-l
Bond
Electric
—
High
Low
9
650,
.
Sales
Range
Sale Price
STOCKS-
Range Since January 1
High
9'/a
10
a32% a32%
21
21
1
Curtiss-Wright Corp
Class
Low
■
Week's
Last
Shares
—5
-5
Corp
M
for Week
of Prices
1
Continental Motors Corp
MARCH
Thursday
Last
Sale Price
Par
:
ENDING
Sales
Week's
Thursday
'"■■■A'vv-V.'■''
STOCKS
;
WEEK
FOR
80c
1,500
75c
Jan
17c
19c
5,000
16 %c
Jan
7.60
Jan
Mar
1.13 Mar
9.50 Mar
86c
25c
Jan
Feb
'
THE
Number 4373
161
Volume
Week's
Range
13 c
1
....
Armistice Gold
Range Since January 1
High
Low
13c
Low
17c
28c
31c
Ashley Gold
10c
3,700
Mar
35c
Sullivan Mines..—
East
Mar
23c
Jan
28c
10,000
16c
12c
6c
28,100
21c
Jan
Elder
Mar
■v1'
18c 18 Vic
29,200
16c
Jan
23c
1
Mines
38c
35c
39c
37,050
35c
Mar
46c
1.00
90c
1.05
106,800
74c
Jan
1.25
3.65
3.75
1,250
Jan
4.25
Jan
1
3.60
Feb
-i-—1
_
26 Vic
26c
30c
46,600
1
14 Vic
14c
16c
9,267
10Vic
Jan
17c
10
Mines
Bagamac
17
16
17%
100
16
Mar
18
Falconbridge Nickel
..Famous
Mar
29
29
130
26Vi Mar
30
Jan
30%
of
of
Neva
...
Montreal
Bank
Bank
Base
of
Bear
.10
Scotia.....
Toronto
Metals
Mining
19c
—
2nd
"B"
Feb
Feb
1.73
1.52
1.96
125,779
1.62
1.55
1.62
18,673
1.55
33%
33
33 %
245
29 Vi
25
26
265
22 Vi
Feb
111Va lll5/a
2,639
...100
of Canada
Mining
164
162 Vi
10
9.90
10
105
222
165
2.35
Preferred
Hats
Biltmore
—8
...
Bonetal
37c
1.86
36%
225
35%
Jan
38
54c 60 %C
134,200
54c
Mar
65c
Mar
43c
30,500
16c
Jan
49c
Mar
4.95
2,335
36%
57c
Mines
4.50
•
—
25c
28c
23C
26
Co
17% /
17
17
*
9%
9%
9%
24%
23
common...
American
3%
Columbia
Power
class
67
11c
class
100,600
3%
3%
26
26%
22
22
22
*
Co
_*
Dominion
Oil
165
68c
18,600
7.25
19,595
—•
12
11%
12
485
10%
98
7%
98%
7%
145
97
115
5
Jan
15% 15 Va
103 Va 104%
230
15
Mar
17
Jan
Feb
105
Mar
Power
common
preferred
Feb
10%
Jan
5%
1.30
Feb
General
Products
Steel
Mar
48c
12
32c
Mar
Jan
28c
Feb
14%
8
22%
2,716
"A"___
98
*
j..
common———*
—100
15%
104%
Mfg
——
44c
20c
12c
18
Jan
Mar
God's Lake Mines Ltd
Feb
•
60c
67c
24c25%c
107,450
1
63c
24c
4c
Jan
20
50c
45c
50c
72c
6.00
2%
800
41c
196,800
33C-
19,300
Feb
2%
9,300
5.20
Goodfish
6.50
Jan
5c
500
3'Ac
10%
1.77
1.77
1.85
23c
23c
25c
18%
6%
1.70
3,100
6%
50
Jan
Mar
Mar
7c
12
"A"
3,350
"B"
lllVi 111Vi
.100
Class
..50
Canada
Cement
Vtc
Canada
class
Packers
Class
Feb
Great West
Feb
Canada
Steamship
10
63
420
20 Vi
111%
25
9%
20
Mar
112
70
Gold
Jan
10%
Jan
Halcrow Swayze
Jan
22
Feb
Halliwell
49 %
50
190
49 Vi
Mar
52
33%
33 %
200
33
Jan
34% Mar
Hamilton
13Vi
13%
14
325
13%
Jan
15
Jan
173 173 Va
6
158%
Jan
175
Mar
Feb
12%
12%
12%
335
11%
Jan
14
42%
42
44
135
39%
Jan
Hard
Canadian
Bank
Canadian
75
10
71
Jan
Breweries
Commerce
Canadian
1st
95
25
95
Mar
385
14
Jan
8
14% %
12
11%
12'%
4,600
,46%
•
46%
47
120
I_20
24%
_4
—
18%
New
&
Car
Foundry
OO
18%
preferred
Canadian
;■
44%
Canadian
•
common..
13
Mar
V
Heva
Jan
47
Mar
I
Highwood-Sarcee
15
17
Mar
25%
Feb
19
Feb
Canadian
Alcohol
Industrial
com
Mai-
Cadillac
Oils
Preferred
Pacific
29
105
47 %'
30
28% Jan
30
Jan
Hosco
48
Feb
Howey
23Vl
Feb
Jan
30
20% Mar
55
49 %
6%
335
16
16%
700
6%
16
59
Jan
Oil
Jan
:
Bay Mining & Smelting
class B
Hudson
Feb
Imperial Bank of Canada
Feb
1.35 Jan
15%
13%
12%
13%
10,816
11%
Jan
23%
23%
55
20%
Jan
2.05
100
1.80
Jan
1.10
6,500
1.00 Jan
Oil
2,650
1.99
Jan
4
570
4
Mar
37c
40c
25c
Jan
1.95
5,000
13,900
1.75
1.90
•
1.20
1.25
700
*
15%
15%
100
3.50
11,900
•
3.25
3.40
13%
1
Mines
54c
J
Co
13%
195
13%
55c
51c
28,476
1.56
29c
_—*
Petroleum
:
39c
►
39c
1,230
6%
39c
2.42
Jack
3.70
2.94 Jan
Waite
Jan
13%
62c
700
39c
43c
Mar
7%
Mining
&
1,140
33'A
90
20
Mar
25 %
86%
5
85
Mar
90
20
14c
14c
27c
3c
i
1
1
10c
5%c
33c
9c
\5VaC
12 %
74c
1-12
12
70c
1.08
Mining
Feb
1.45
Jan
Jan
1.74
Jan
^14:
15
40
14
Mar
16
Jan
55%
55%
57
1,365
49
Jan
59%
Feb
146 %
5
..—.A-lOO
145%
147
158
149%
Feb
145% Mar
20c
"
1-33
15c
22
of
1
Ltd
*
Milling common
Woods
>
,
—
Con west
Imperial
Mills—
Mines
1.26
1.35
•
Exploration
Cosmos
1.35
9,450
26
1.68
26
140
1.60
;——
——_L_1
1.70
39,575
1.21
23
1.60 Mar
Jan
Jan
1.55 Mar
.
27
Mar
Gold
Lamaque
■
Lapa
Cadillac Gold Mines
Candy
Laura Secord
Davies
Delnite Mines
i:
Denison
Gold
I •
Distillers
|
Dome
1.30
1-1
—:
Mines
Seagrams
'•
1 ■!
—
common
Ziiflc i:
-UiM
Dominion Coal
25
preferred
1.15
Jan
Jan
17c
1.68
1.50
1,100
8c
15,000
3%c
Jan
13c
47
405
42%
Feb
49%
-
Feb
Lebel
Mar
Gold Mines.
•'/,
Dominion Foundries & Steel com
Dominion
28%c Mar
27
915
25%
Jan
118%
18 y2
510
18
Feb
19%
Jan
11%
12%
20
11%
Mar
12%
Jan
25%
25%
26%
258
24%
Feb
27
Mar
Macassa
16
16
20
14%
Feb
16
Mar
Malting ____._V '
Dominion Scottish
Dominion Steel
Dominion
Class "B"
26%
Investors
class
common.
Louvicourt
Goldfields
25
Stores
v
1-70
1.60
4.15
2.55
2.40
3.30
4c
4.00
2.46
—
*/;
20
2%
Mar
2%
Jan
7%
1,305
7
Mar
8%
Jan
Malartic
14%
255
14
Feb
Manitoba & Eastern Mines
14%
14%
16%
Red
Madsen
15%
Feb
8%
Feb
555
8%
1,845
1.85
1.60
2.20
67.010
98c
Jan
30c
28c
33c
76,550
22c
Jan
30c
18c
42,000
11c
Jan
20c
Mar
2.68
14,160
.
•
—
1
18C
16c
1
2.67
2.50
7%
2.50 Mar
Maple
"'V,
.
Leaf Gardens
Preferred
Oii-
For footnotes see page
1460,
V
1
...
2.26
Jan
3.00
Jan
Mar
Jan
24% Mar
18%
^10
Maple
*
12%
Leaf Milling Co common—
Feb
Massey-narris
Preferred
common
1
*
20
,
18%
11%
12 12'A
9c
-
8%
.
H%
22%
1
10c
8/4
22
22%
« »
28c
Jan
5'Ac
•
Jan
3c
Jan
11%
10,200
1.00
14c
2.35
Jan
Mar
Jan
Jan
Jan
21,820
1.05 Mar
63,800
13 %c Mar
>
•
Jan
39c
Feb
6%c Mar
37c
11
Jan
%c Feb
Mat
7c
13% Mar
75c
Jan
1.25 Mar
30c
Mar
3.45 Mar
1.60
Feb
16'Ac Mar
1,365
17%
Jan
24% Mar
25%
140
24%
Jan
1,110
6.15
Jan
265
.15%
29,500
530
33,036
9c
16
3c
Feb
8.25 Mar
Jan
18% Mar
Jan
18c
Jan
16%
Jan
5'Ac Mar
Mar
Feb
6,050
1.15
Jan
1.50
Feb
14,800
1.23
Jan
1.60
Feb
280
29,400
Feb
28
Jan
25
Mar
27
Feb
89c
Jan
2.09 Mar
26%
Jan
Jan
4.40
9,033
2.25
Jan
2.86 Feb
12,390
2.17
Jan
2.76 Feb
13.375
3.25
Jan
3.80
1,350
3.40
4c
18%
11%
—
Jan
Feb
18c
Jan
Mar
3c
•
50c
1,000
2^> 2,f^
3.25
3c
10c
25c
1,700
5,500
460
""
common.—.—*
_—
Maralgo Mines
Crest
East Malartic Mines
106
112
7,570
4.15
2.60
■
Feb
Mar
Mar
5,555
1.40
Mar
1
Co
Jan
Jan
15
•7%
Donaldo
—
13
14%
15
•
„
Fields
Gold
'
•
Mining
Mines
2%
7
Dominion Tar & Chemical common
Mines
Gold
2%
Dominion Woollens common
Duquesne
Lake
2%
106
Jan
103
112
4,419
1.80
Ltd
Mines.
"
Jan
105
25% Mar
Jan
20
7.766
25 /2
1
1
1
*
.———
7%
1
25
B
22%
21%
26%
25
'
-
,
1
^ast
1.26
1.07 Mar
,v; 71c >;Jan
5,864
5c 5%c
1.25 -1 35
1
MacLeod-Cocxsr.utt Gold Mines
V
13% Mar
;
37%
i6 <2
1-40
•
Groceterias class A
Loblaw
v25%
J-
\
15% Mar
>
Jan
-.
V
t
Jan
31%
7.40
5%c
1-32
Jan
Jan
7,000
25,900
icj/„
•
Ltd
Gold Mines Ltd
Little Long Lac
19%
Feb
Jan
Mar
4,250
74c
1.15
20c
1
—-1
Mines
Oro
Leitch
Feb
Mar
35%
-
13c I6%c
16
46c
Jan
2,381
Mar
26%
n
io4
'■■■/;;. y
>; v
j
12 %c
11%
10 '
Bank
6c
>45%
—'(A
1—*.?!'
Mines JLtd
Dominion
2,500
15 %c 15 %c
Petroleum
.7.10
—* > 7.40
*
1
15c
3-;.—
Mines
Lang & Sons...————
1.92 Mar
V
Jan
20
,
Croinor Pershing
Jan
Mar
10
2.90 3.10
1.10 T.33
13%cl6%c
20v/4
22
25 • 25
3.00
1
Gold Mines——_
Mines,
Shore
Lake
Lake
—
.
Exploration.——i
&
Dufault Mines Ltd
Lake Fortune
<
,,r-
Feb
13%
/
1.80 Mar
.1.45
w——;—,—I
Feb
35c
18%
1,962
12%
—1
Mines
39c
•>•'12%
19,550
33c
10c
6c
—
Feb
835
25c 28 Ac,
3c
6c
.
Mar
Mar
14 %c Mar
3%c Jan
664
15c
24%
Feb
Mar
2,792
19 19%
14 14%
13 /e
96c
99c
98c
Feb
Jan
4.30 Mar
Jan
Mar
25c
5,000
53,600
12%
24%
-
3.05
6,500
Feb
12%' Feb
Jan
20
86%
—
1
1
Labrador
6%
100
\ 3,500
Smelting
10%
20
32%
12%
1 *
Townsite
1.75
14 %c
30
*
—1
Lake
1.54
6%
45c
Feb
Jan
25c
1,810
33 A
22%
Hudson
Kirkland
1.75
Canada
Consumers Gas fToronto
Gold
Kirkland
1.45
Mar
10c
18
-
,
15
34c
34%
22%
Consolidated
M
Feb
1.75
73c
28c
■
•
Mines
Kerr-Addison
Lake
of
Jan
preferred.100
Mining
Mar
1.49
1.00
Jan
500
Jan
Mar
11% Mar
32c
Mat
43 V'2c
103
112
Mines
J
Jan
•
Mines
21c
54VaC
Jan
Jan
90c
5%c Jan
15,730
105%
Mines—
Jellicoe
Jan
13
43c
30c
Jan
72c
20,000
17,743
--
Jacknife Gold Mines
Jacola
Jan
15% Mar
Jan
8
,
Mar
25c
19,900
1.50 Feb
1.20 Mar
14%
6% Mar
:
82c
103
112
Petroleum
International
Mar
5
___1
National
Coniagas Mines
x
Mar
5% Jan
60c
Jan
7%
40,100
14%
100
preferred
International Milling 4%
2.53 Feb
Jan
12%e
Feb
29,200
—
•
100
"A"
1,25 Jan
157,250
Feb
6%
29,900
25%
105%
105
112
35
23 k
Preferred
2.20 Jan
1.05
Imperial
23% Mar
2.05
29c
Mar
3.65
46c
—
10
•
International Metals common A
2.35
9c
Jan
3.85
.30c
13c
31c
—
Feb
19c
Jan
11'A
—
160
2.25
3c
;
640
268,700
Feb
41c
29 %c
■»
•
*
Jan
4
615
Jan
Feb
11
—
Feb
Mar
3.10
:
300
18
.
Mar
9c
3.60
~
29c
9%c
29c
—
Mar
11%
Jan
70c
33c
,.
18
—
100
Ltd
& Erie common—
150
37c
39c
Jan
5c
7,000
:
.
10%c lOVaC
—
1
Gold Mines
25
28Vic
>
—
1
1
159
Smelting
Gold
WiJlana
Consolidated
78c
9%c
28c
159
Knitting
Bakeries
1,430
*
5
Gas—
Hunts
17%
Mar
&
Mines
Gold
Kirkland
Consol
7
6%
25c
20 Vi
Larder Lake Gold Mines—1
Goniaurum
178,960
—
Imperial Tobacco of Canada ordinary_5
Inspiration Min & Devel.
1
Lake
Conduits
9c
Mar
1
8%
8%c
3.50
21
1
800
7%c
3.50
Jan
.;_——*
16Vac
Jan
Jan
7%c
Jan
2.35
14%
lie
8%
19
—1
Jan
22 %c
8%c
29c
Huron
23 Vi
Mines
30
13
1,000
10
70c
1.10
Jan
Jan
89,500
9%
85
>—
6
5 Va
10
Feb
Mar
30
Jan
27%
-
Feb
6% Jan
5% Feb
27 Va
Jan
Mar
'
9%
5,400
/
95
57.': Mar
53% Mar
210
15c
49c
15c
36c
—
45c
66c
25c
Paper
Jan
25
Wines
Commonwealth
11%
—*
IMar
7%
____*
Boxes
Gold
Plow
11%
72c
*
Jason
Coin
—
1.05
*
Ry
Chromium Mining &
Cochenour
5'/a
28
20%
Research
Cockshutt
5%
28
—
1.00
Porcupine Mines
Bar
5
5%
V—
81c
International Nickel Co common
Circle
350
20%
1
Ohesterville
5%
28
1.05
Castle Trethewey Mines—
Gai
5%
28
5%
Yellowknife
45%
7
1
Chemical
17c
55
'
Homestead
21
100
Wirebound
Chateau
Jan
*
Jan
59
Cariboo Gold Quartz Mines
Patricia
9c
11c
265
16%
common..
i_,—
Canadian
Central
4%c Jan
4,500
•
Canadian
Central
8c
15c
3,000
15c
*
Malartic
Canadian
6%c
15c
1 :■—
1
28c
Oil
Home
13
57
6%
6%c
75c
8%c
22c
Oil
Dauch
&
Mar
10
20%
A—*
Canadian Locomotive
Canadian
225
7c
256
Feb
17%
*
Products
Jan
55
75c
8%c
26c
Hollinger Consolidated Gold Mines
Jan
24
•
Dredge
Canadian Food
46
m
Jan
5%c
95
1
1
1
Mines
Jan
100
vW
10%
28%
28%
25
,
Celanese
10
•
common
3c
91%
4%c
92
53'A
6%
25c
Heath Gold Mines
Homer
Canadian
35,500
—
54
5%c
6%
6%
25c
Mines
Jan
161
25
24%
;
Jan
7
Mines
15
266
16
15
common
1.05
—•—1
Gold
Gold
Hlnde
*
Canners
preferred
preferred
Conv
Jan
95% Jan
14%
•
common
83c
*
Harricana Gold
75%' Mar
95 :
75
Preferred
2,100
—
Rock
Harker
'
10
87c
Co
Bridge
Rights
46% Feb
__
Feb
84c
—
1
Harding Carpets
173 %
.100
16%c
Jan
»
preferred
Jan
1
—1
Mines
Mines
Gold
Hasaga Mines
Bakeries
9c
•
Mines
50
Wire & Cable A
Canada
Canadian
34,200
Mar
33 Vi
common-
13c
1
1
Ltd
Mines
Gypsum Lime & Alabastine
Jan
Jan
—50
Lines
Preferred
Jan
14c Mar
14c
1*
Gold.
Wihksne
Gunnar
6% Mar
100
Mortgage
Mar
28c
10c
*
Saddlery common
•
„
Permanent
85c
Jan
12c
*
*
vtc common
—
•
A
B
Canada
Jan
*
Paper
•
Malting
27c
21 %c
11,400
1
preferred
Hallnor
Canada
Mar
Feb
30c
Jan
6
35
9%
,
"A"
12c
14c
1
Common
Mar
2.15
Jan
21c
5
70
69
20 y2
common
Canada Foundry class
Jan
11 %c
*
Lakes
Great
Grull
Class
192,655
3%c
*
i
Bousquet
Graham
Alar
21
Jan
*
common
Mar
Jan
44c
Jan
265
1
Co
Bread
Jan
28c
50
Co
Mining
Preferred
Canada
75c
Jan
32,500
1
Preferred
Feb
78c
8'AC Jan
12
11%
12
Mar
9c
1
Mining
Gate
Goodyear Tire & Rubber common
Jan
165
5c
•
*
35c
1
Mines
Eagle
Golden Manitou Mines
Feb
73'Ac Jan
45^ Mar
69c
20
19%
•
'
Jan
5,800
24% Mar
V
11%
Jan
—
Feb
26
Mar
114,700
,
9% Mar
•'
Feb
21
23
2 %
7'A
6.50 Mar
•
72,925
8.50
17c
7c
Grandoro Mines
Calmont Oils
101%
45
35c
380
5.60
Calgary & Edmonton Corp Ltd
Mar
6.50
Golden
41c
Extension
100
20c
11c
Gold
71c
Hill
Jan
40c
26% Mar
5.75
Bunker
Mar
7.25
25% Mar
•
Burlington Steel
12
1
J a 11
•
Products
V
Feb
Jan
Rights
:
Lake-Porcupine Gold———1
Glenora Gold
—1
Giant Yellowknife Gold Mines——
Jan
:
9.25
6.25 Mar
Feb
Jan
100
..——
Wares
Preferred—
Jan
Feb
Feb
77c
60c
6.25
25
1
Building
Jan
62c
6.60
Gatineau
Jan
12c
300
.
Feb
•
23%
Buffalo
Mines
59c
60
l;
Mar
24
Feb
*
215
Buffalo Ankerite Gold Mines
Gold
21
Feb
27
24% Jan
1,158
:
4%
Jan
Alines
999
70c
Canadian
Jan
3%
Gold
26
2%
-
•
Broulan Porcupine Mines, Ltd—
Jan,
Feb
530
26'%
•
A
75c
10c
3% Jan
65c
25
8c
4%
Feb
5%c Jan
825
v;
67
Exploration
24%
22
22'/a
•
A
Class "B"
British
3%
Feb
Frobisher
25%
Columbia Packers—
British
39%
FrancoeUr
24%
24%
•
Oil
British
British
30
Jan
111% Mar
15 %c
.385
24%
•
Ltd
Mines.
27% Alar
37
10 Vac
—1
*
Canada
of
Foundation
Mar
10
34c
6,307
Mar
100
205
—100
„_
Mining..
Jan
9.50
116,900
22c
Feb
5.65
Jan
29
37%
Goldale Mine
25c
Brazilian Traction Light & Pwr com..*
Bralorne
4.30
28
V
common
—_
Aircraft
Fleet
33% Mar
Jan
90c
15
Feb
37
Gillies
Brantford Cordage
'37c
40c
.—
Feb
Jan
161
62,175
10%
22c
1
1
Mines Ltd
Gold Mines
Bobjo
34c
10%
35c
Kirkland Gold—_
Bidgood
15%
29
Kirkland
Federal
Feb
Mar
lllVi Mar
2,800
1
.—
Mines
River
Berens
Jan
Players
General
Gold
Belleterre
63c
14%
Farmer Candy Snoys——...I
Federal Grain
Feb
1.52 Mar
1,250
105
—
111%
1U0
preferred
Mar
100
Mar
24 %c Mar
Feb
26
A
......
Bell Telephone
27 Vi
12Vic
1
Class
Brothers
115
8,800
28
19c
37c
Jan
1
Ltd
Beattie Gold Mines
Class
;
13c
Ford
Exploration & Radium..
Beatty
28
15Vic
—10
.
15,700
15
Jan
Consolidated Mines.
Bank
Feb
43c
15
38c
Feb
Fanny
Bankfield
High
38c
15
25
——
Low
42c
Mines.———_—1
Gold
Range Since January 1
*
High
Low
'1
Investments
Gold
Eldona
Mar
18 Vic
i
—
Ltd
Aumaque Gold Mines
Aunor Gcid Mines
Shares
1
—._
Steel
Eastern
Jan
—.-1
Quebec Mmes
Aubelle
for Week
of Prices
Par
High
„
Astoria
Range
Sale Price
STOCKS—
.
Economic
'
12 tic
Sales
Week's
Last
Shares
30c
Mines—
30
for Week
of Prices
Par
Gold
MARCH
Thursday
Last
Arjon
ENDING
Sales
Sale Price
STOCKS—
WEEK
FOR
RANGE
MARKETS
LISTED
CANADIAN
Thursday
1457
COMMERCIAL & FINANCIAL CHRONICLE
30,100
3.85
2c
Jan
5c
Feb
Mar
;
15%
Feb
18% Mar
5,320
10
Feb
11'A Mar
465
.:
12
Jan
20
11,700
657
270
8c
Jan
8% Mar
21%
Jan
16'A
Feb
12 %c Jan
9%
Jan
24%
Jan
'1458
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Thursday
Range
of Prices
Par
McColl
Frontenac
Oil
Preferred
Mclntyre Porcupine
McKenzie
Rea
Mines
Lake
1
Low
105%
62%
64
1.41
5'Ac
Jan
67% Mar
3,500
24c
30c
41,510
26c
27c
12,400
1.65
1.35 Mar
Tip Top
Toburn
Jan
High
3.95
4.10
1.25
65c
57c
*
A-
•;./:Tl
11
10
2.10
1.45
2.50
i 17,490
1
35c
34c
38c
4,800
2.08
Corp—
Tailors
1.70
2.24
233,830
1.60
Jan
3.15
8%
8%
8%
2,325
8%
Jan
9%
30
55
27%
Jan
Mines
4.05
*
common
Gold
Towagmac Exploration
Transcontinental Resources
McMarmac
Red
McWatters
Gold
Mercury
Lake
Gold
1
Mills
28c
•
Mines
27c
*
v
13%
__
13%
Jan
45c
31c
Feb
Union Gas Co
14
Feb
United
16c
v
12%
Jan
•
Corp class
"A"__
Cla.VS B
Mid-Continental
Mining Corp
Modern
&
>
Gas
24%c
22%c
28c
149,520
•
Oil
6.00
4.95
6.00
86,715
21
21
5
—
Containers common
*
17c
Moneta
Knitting
preferred-:
100
Porcupine
Montreal
Light
120
1
Heat
<fc
•
Power
78c
21%
126
155
72c
„
80c
6.20 Mar
Jan
22
Mar
25,622
22%
1,445
20%
92
United
Fuel
United
Mar
Corp
Mosher
53c
Jan
1.10
23
20% Mar
Feb
National
Grocers
.
1_
Sewer
Jan
60
Jan
30c
Pipe Co
12%
Feb
13
35
12
Feb
13
Jan
25
42
22%
Feb
26
17%
18%
525
195
200
4
13
12%
13%
' 70
29
29
A' 25
20
—
National
Trust
•
i
17%
100
—
•
17
\A"_———
class
50
44%
44%
*
Steel
Mines
1
1.60
1.50
1,66
55c
62c
27,400
Bldlamaque
Nipissing Mines
5
2.85
2.78
2.90
•
53
52%
53
1,275
1.15
1.07
1.17
26,800
Malartic
Mines
——1
Oil
1
Norgold Mines Ltd
Normetal
Northern
Canada
Preferred
O'Brien
Okalta
Gold
39c
1.85
Jan
70c
Jan
Mines
Jan
15c
1.00 Mar
Orange Crush
Preferred
7c
16c
Jan
11c
13c
72c
4,062
16c
38,200
1.28
1.17
1.30
13,800
6%
6%
'.6%
500
5
5%
5%
200
5% Jan
2.80
3.55
2.26 Mar
42c
Jan
58c
Jan
30c
Lake
50c
26c
19,300
36c
0
'
——*
—
44c
27,203
8%
8%
63c
.
11
Feb
12%c Jan
Pacalta
Oils
Pacific Oil
Ltd
Jan
34c
8
7%
Pandora
York
54c
4.75
1,495
Feb
5.00
Jan
69 %
380
69
Mar
75%
Jan
22
105
21%
Jan
22%
Feb
1
1.54
1.45
1.60
57,225
1.20
Jan
1.20
1.30
30,700
152
152
420
145
Jan
155
Feb
18%
19
425
18
Jan
20
Mar
60
99
Feb
-
.1
preferred
Jan
9
:
11
15c
12,566
10c
Jan
18c
I
.
"
■
-
47c
Feb
64c
50c
50c
500
50c
Mar
60c
Perron
Gold
109
109
109
1.50
1.40
1.52
"; 60
8,250
13c
12c
14c
5,500
Pioneer
Gold
Gold
,
Powell
River
Rouyn
6%c? 7%c
41c
37c
42c
''''''''V
1
of
Feb
99
1.19
8c
110
Jan
Brown
Jan
14c
28
35
28c
Mar
44c
4c
Feb
8c
Gold
Premier
20c
37c
,^an
47c
1.40
1.50
13,700
1.06 Jan
1.59
Feb
3.15
3.30
9,965
2.40
Jan
3.90
Feb
5.05
5.55
690
4.35
Jan
6.75 Mar
29
27,730
28
26
19
—.1
1.4C
?
•
25c
Mar
18%
1.15
19
940
1.30
1.45
13,200
98c
Jan
1.10
„
1.20
7,130
81c
Jan
20
7
Feb
1.15
Jan
29c
18% Mar
20
V
Mar
Feb
1.60 Mar
7
.7
1
1.75
1.60
1.75
52
52
55
35
52
Mar
55
14
14
14'A
320
14
Mar
16
2.95
2.85
2.95
9,285
■
„
—„—
Mines
Prospectors Airways
Purdy Mica
Purity Flour Mills
36
2,608
9
Jan
1.95 Mar
common
1
42
6,500
36c
Mar
44c
15c
Feb
40c
6%
120
,42
360
88c
94c
94c
5,300
1.08
1.05
1.10
12,625
7.80
5.65
8.55
375,947"
1
Mills
A
7%c
1
7%c
8c
-A
—
Long Lac
Rquyn Merger Gold Mines
33
33
14c
17c
—
1 '
Royal Bank
40c
10
Co
Inc,
39c
6% Mar
41
43c
St
Anthony Gold Mines—
28%
_1
Lawrence Corp common
*
piass '"A"
16%
-
7c
7,200
15
.
10,400
42c
103,500
Jan
Jan
1.39
4%c
Jan
Jan
33
10c
Jan
18c
Feb
36%c Jan
52c
Feb
15
Jan
17
105
19%
Jan
22% Mar
10
28%
Feb
29%
7%c
27,100
2%
2%
100
19%
19%
4.50
4.30
4.50
12c
12c
14c
20
'
2%c Jan
2%
19
Feb
Feb
9%c Feb
Jan
3%
Feb
Feb
21%
Feb
3,508
4.05
Jan
4.90
Jan
8,400
5%c
Jan
18c
Mar
Range
for Week
Shares
Low
High
9%
—
Range Since January 1
Low
/
9%
25
^
High
9% Mar
11%
Gold Mining
Gold Mines
Gold
36c
8c
6%c
10c
1.25
1
35c
1.25
3,200
75c
79c
12,517
—50c
Mines
1
Sigma Mines
75c
1
Silverwoods
Dairies
preferred
Silverwoods
Western
Dairies
38c
56,700
12,600
31c
3c
1.06
65c
Jan
46
Jan
Jan
139
Jan
1
3.00
2.80
3.00
2,978
2.25
Jan
100
51%
50
53
111
45'A
Jan
56
24%
10
24%
Mar
26
Jan
14
Mar
common—1
Co
A
Vinegars
Dominion
*
Sugar—
2
*
Oil
y"'
Bridge Co—.
Ddnnacona Paper
Foothills
Oil
Minnesota
Ogilvie
Oil
Flour
Paper
110
9
1,945
..
9%
pfd
170
9'A
190
9
55'A
55%
*
14
9
__
*
Jan
Jan
Jan
45c
r''■
2,800
3%
25
2%
Mar
3%
Mar
29%
10%
29'A
10%
165
25'A
Mar
31 %
Jan
Mar
1.35
25
40c
Jan
25
,.
25
10%
2.300
13%
,.—
Jan
'1.28
Jan
1.58
Feb
2,780
1.40
12%
13'A
28c
12%
Feb
14%
Feb
45
5%c
5c
6c
46c
52c
46,600
1.45
25
9,000
48c
Feb
12
Mar
25
Mar
3%c
Feb
7c
Mar
24c
Feb
60c
Mar
-2
1.30
98
99
—
4
23c
23c
23c
...—
1
12%
11
13
—
Grain
—1
——
-
preferred
Invest
100
4,100
1.30
50
95%
Jan
99
55
.
preferred
10c
1.30
Mar
Feb
82c
55%
16
53
12%
Jan
21c
Feb
23c
Jan
1.55
Jan
10%
Jan
Jgn
58
Feb
17
18
12
12
12%
565
101
100
101
316
65c
68c
21,950
58c
Jan
970
15%
10 %
100
Feb
Feb
Mar
50c
50c
52c
13,800
50c
Mar
•
Sturgeon
68c
1
Mines
Petroleum—
6c
5%c
7%c
24 500
3c
Jan
1.40
1.60
17,475
•
1.59
7%c Jan
18%c Jan
1.25
Funds
Canadian
Week's
Thursday
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Low
Par
v"■'
Algoma Steel common———
Preferred
99
Ltd
Aluminum Co of Canada
Asbestos
15%
*
100
—
Range Since January 1
High
Low
*
15%
A
"
High
100
21
20
Jan
19
97%
Feb
99 A
35
94%
Jan
70
21
14%
5
99
105% 107
103'A 103%
preferred—100
Corp
100%
1,335
20
Bathurst
Bell
& Paper
Power
class A——*
of Canada—
Telephone Co
Brazilian Traction Lt & Pwr„
100
•
16%
163%
162
24
Class
Bruck Silk Mills———
14%
393
163%
24
22
161
1,897
22
110
;
Jan
103% Mar
Mar
Jan
Chemical
Standard
Paving cominon
Radio
—,*
—
,
Canada
—
—
common
18% Mar
14
101
Canada
Cement
Preferred
Can
—•
common
17%
Feb
165
25
7%
7%
1,865
33/4
33/4
200
Northern
Canada
Steamship
25% Mar
21
Jan
23%
5%
25
125
11
Jan
12
Jan
20%
855
18% ,Jan
21
Mar
9%
240
9%
Jan
55
119%
Feb
2% Mar
2%
Breweries
Preferred
Jan
85c
64c
9%
:■
9%
120% 120%
11%
11%
11%
140
10
„
Mines
•
1
2.90
Feb
10%
123
Jan
Jan
Jan
11% Mar
-*
Jan
10%
11%
Jan
13%
42 V2
262
40
Jan
46%
11%
12%
8,075
Jan
13
46
46%
39
39
40
10
10V2
945
29
28%
29
*
46%
46%
46 %
—100
—•
42%
8V8
325
10'A
0
Foundry common——*
-25
preferred
7%
220
46
——-A-.-—-----
Canadian Car &
40
12%
42%
12
8%
12%
—*
—50
common
Canadian Bronze common——
.
833
Feb
Celanese common
Canadian
Feb
Preferred
7%
——
Canadian
Foreign
Ind
7% Mar
8
Mar
Class
3%
4%
Jan
Canadian
Feb
Jan
Feb
Feb
Mar
44% Jan
46% Mar
39
Jan
403a Mar
10
Mar
13
Jan
85
28%
Jan
30
Jan
65
46
Jan
47%
162.;- 162 V8
35
160
Jan
42%
42%
25
33
Jan
6%
6%
60
v
Jan
8%c Mar
1.84
*
8%
common
preferred—
71/4
105
7
Mar
8
Jan
70 %
165
68
Feb
74
Investment,
'
75
130
73
Feb
76
Feb
Alcohol
common—.
•
~6%
—
Locomotive!—^————•
6%
15»4>
,
6%
.36
6%
75
:
Jan
15% Mar.
Mar
47
Mar
7%
.
Jan
7%
Jan
17%
6% Mar
275
Feb
163
-
Jan
Feb
74%
B
Cockshutt
Plow
2.78
3.00
25 200
2.40
Jan
3.38 Mar
25c
26c
2 000
20c
Feb
27c
Mar
1
9%c
8%c
10c
9,000
43Ac
Jan
10c
1
1.65
1.61
1.65
4,600
1.50
Jan
1.80
Feb
Sylvanite Gold Mines
1
2.75
2.85
1,600
2.45
Jan
3.15
Feb
a
Glass
12%
13 %
12%
13
55%
55%
56%
.34%
5,165
11%
Feb
15%
Feb
12%
Feb
13%
Jan
705
49
Jan
59
188
33
Jan
25
39
Mar
2&
34%
34%/
39
39
<
Feb
35
Feb
42
Jan
Mar
Mines
Consumers
Mining & Smelting
13%
13
—25
Canadian Pacific Railway
Consolidated
Steep Rock Iron Mines
Feb
2'A
11%
20
20
Power
Mar
70
—
Feb
Mar
Feb
2%
r——-—•——--100
—;
Foundries preferred^—-
Iron
Mar
7%
•
Preferred
Sturgeon River Gold
Sudbury Contact
/
•
-
22% Jan
22%
5"
Standard
Jan
Jan
11%
._—1*
*
850
23
Columbia Power Corp A—!—•
B
•
British
16%
§
108% Mar
.
Canadian
Standard
Jan
Montreal Stock Exchange
New
1
'
7,100
Mar
15% Mar
Mar
Mar
_„*
Mines
Malartic
17%
;
Mar
Jan
—100
Class "B"
of
Jan
35c
*
Oreille
Reliance
Southmount
Canadian
Co
Feb
51'A Mar
Jan
35c
-1
—
_r——
3%
50% Mar
8
Mar
2%
A
—
.
common.'
Selections
Osisko Lake
Jan
51
3.30 Mar
Jan
2
51
—
*
-
Ontario
&
11
:;1-■
—
-—•
0
-
160
770
8%
35c
*
common
14
2%
—
*
A
—
Aircraft
DeHavilland
14
87/»
•
,.
2%
—
2%
*
_2
24%
—
1
—
Westinghouse
Canada
14
•
*
-
Simpsons Ltd class "A"
Steel
Feb
35
Building Products 'A'
■,
Springer
Feb
Mar
"Sales
Week's
of Prices
Mar
790
19%
1
Creek
End
12
130
9%c Feb
30
16%
1
Mining
Pherritt-Gordon
South
Feb
10
Feb
■
Gold
9%
100
8.55 Mar
21%
1
Senator Rouyn. Ltd—
Slscoe
290
12
Jan
40
1.15 Mar
28%
6%c
__
50
Antonio Gold Mines Ltd
Salnd River Gold
Sladen
25c
133
Jan
28%
„
10
St
4%%
Jan
Exchange-Curb Section
Par
42% Feb
1.05 Mar
18c
7%
Mar
21'A
—
•
Russell Industries common
New
3%c
39
Aluminium
Shawkey
44,400
Jan
Feb
133
Dalhousie
•
Sheep
4.60
Jan
1
Gold Mines
,
83
Jan
Sale Price
stocks—
•
8
Jan
3.30
Jan
6,600
*
—.
1-
Jan
68%
Feb
6% J
—'
*—
3.15
20c
41 y2
„
New. preferred
Quebec Gold Mining
Queenston Gold Mines—
Quemcnt Mining
Jan
36
1
new
2.45
18c
—
—,,
San
6%
170
v
40
Temiskaming Mining
._
Dome
Oil
Feb
27%c Mar
705
20c
11
.
Jan
Feb
r-<——1
East
Royalite
16c
•
8c
Mar
1—1
Preston
Roche
101%
1.35 Mar
*
Trust
Silk
Feb
133
Dominion
—
Metals
Riverside
1.63
1,172
79
4.05
-
Thursday
.
'"-'Cr
Jan
45,900
Mining Co
Pressed
Reno
6%
77
3.75
—
——_—-*
&
Pend
Corporation
Premier
;
.
100
Canadian
Mar
40,200
-
1.45
Voting trust certificates
Power
.
_i—
Mar
19,000
v
3.30
—1
Gold—
77
3.90
•
Canadian Marconi Co—
Jan
5.25
—1
Co
1.15 Jan
157,000
20c
6'A
6%
——*
STOCKS—
Canada
Feb
1
C
16 %c
18c
*
•
-Preferred
Mar
1.75
1
B
Reef Gold Mines
Porcupine
7'Ac
'■
Mines
Mines
Powell
33%
1
Mines
Pickle-Crow
1.75 Mar
Jan
.•
-
.
4.60
Columbia Pulp & Paper com..
British
Mar
1
V
.
100% 100%
100%
*
Andian National
Feb
24,100
1
,
19
1
-
;
Mar
60c
Paramaque Mines
Mines
t
...
•
Last
v
9% Mar
Jan
'
\
Consolidated Paper
Gold
1.23
—100
-
Jan
55c
1
Malartic
Jan
4.65
Toronto Stock
3.55 Mar
12 %c
•
Paymaster Cons Mines Ltd
26c
69%
commtfi
Knitting
Feb
14c
Cadillac
Partanen
16'A Mar
Jan
21%
100
Feb
6
Jan
85
.•
Porcupine Mines Ltd
Jan
12c
4.75
common—
Canada
Pamour
Jan
12
Jan
55c
1
,
Page Hersey Tubes
Jan
Feb
•
Refining
2.60
Mar
•
&
Mar
1.85
69%
21%
A
Grocers
Preferred
Pacific Petroleum
28,150
1.63 Mar
1.10 Jan
200
11
—
1.96
•
Gold Mines
Malartic
Feb
48c
24c
common
*
1.95
,
Feb
22c
48c
25 %c
15c
85c
17 %c
6%c Jan
18,400
227,223
1,500
41c
1.85
Mar
»
com
Wright Hargreaves Mines
Ymir Yankee Girl
JL
Jan
13c
1
.
5%
46% Mar
11c
—„„•
■
Wiltsey-Coghlan Mines
Winnipeg Electric common—:
1.30 Mar
70c
•
Gold Mines
Mar
7,949
Wasa
55% Jan
1,100
*
Oils
Feb
4
130,500
Preferred
3.00 Mar
Feb
2.35
A!50
14c
3.25
6c
44'A Mar
Feb
72c
1
115
15
Waite-Amulet Mines, Ltd
Walker-Gooderham & Worts
Mar
•
O'Leary Malartic Mines
Omega
15c
5
,
,
Mar
180
21c
Western
•
North Star Oil common
Feb
Mar
500
14%
Westons
11 %c
Mines
Feb
30
4
17 %c
Jan
«
Ltd
Mar
9c
19c
Mar
1
Corp
Mines
Jan
2.50 Mar
41c
Jan
•
Mining
Northland
13
Jan
24%c Jan
45
v
.15
—
Oils
Preferred
Nordon
90c
Jan
4
4
1
20
Jan
1.26
512
Noranda Mines
Norbenite
Mar
A': 10
Jan
88c
18
•
210
17% Mar
185
35,900
58c
New
Jan
9c
—
•
—
4%% preferred
Negus
51c
1.40
17%
17
1
West
National Steel Car
16,000
4.25 Mar
Jan
830
12,600
•
65c
29%
;
Oils
Jan
59
25c
class A
Mar
Ventures, Ltd.
Mar
58
22c
«'
Preferred
National
57
58
25c
common
1.25
Upper Canada Mines Ltd
Jan
20c
•
.1
common
Long Lac—
880
Mar
126
Feb
*
..
—
Vermilata
Moore
High
Jan
1.25
Mar
28c
Jan
1.99
20
United
Monarch
Low
'3,945
3.60
-
Mar
22%C Jan
250
Range Since January 1
Low
1
Canadian
Thompson-Lund Mark Gold
6%c Jan
4.%c Jan
Shares
of Prices
5
Mar
for Week
'Range
Par
Texas
10C
Sales
Week's
■
Sale Price
Feb
107
Feb
Last
,
l
Jan
18,700
5c
'-v ■
STOCKS—
Teck-Hughes Gold Mines
59%
660
1.35
; <:
:
Feb
8c
2,000
A*
"Tx
'•
High
12
8% Jan
10
8%c
'■
Range Since January 1
470
1.38
'
1
30
Thursday
5%c
5
—
Mines
Gold Mines
MARCH
:<
Shares
10'/a
8%c
—
MARKETS
ENDING
for Week
106% 106%
—
•
•
High
9%
10
_100
McDougall Segur Exploration
McLellan
Low
_,*
common
LISTED
WEEK
Sales
Week's
Last
Sale Price
STOCKS—
FOR
Monday, April 2, 1945
Sullivan
Tamblyn
Cons
(G)
50
see
page
__
14G0.
Crown
Cork
&
Seal
16%
—
16%
15
54%
54%
5
16%
Feb
54% Mar
17%
Jan
54% Mar
Co—
gistillers Seagrams com
ominion Bridge
—„
Dominion
*
common
Preferred
ver footnotes
„
Coal
Dominion
Dairies
>
•
45
—:—
pfd—
common—A
25
12%
45
290
42%
Jan
49%
Feb
29%
*
—*
29%
222
29
Feb
31%
Jan
12
12 'A
270
12
Feb
12%
Jan
105/a
10%
905
9%
Jan
1!%
Jan
29%
29%
35
27%
Jan
30
Jan.
fi¬
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161
CANADIAN
RANGE
■
Week's
Thursday
Last
Dominion
Stores
Ltd
Dominion Tar & Chemical com
Dryden Paper
Jan
14%
25
14%
151/4
Mar
131
7% Mar
8%
Jan
15%
Feb
4,825
12%
Jan
15%
Feb
15
109%
Feb
110% Mar
Famous
Players Canadian Corp
Heating
91/4
395
9
Jan
10%
Jan
Brown
Co
7%
100
6%
Jan
30
Gatineau Power
30
64
27%
213A
220
20%
11%
11%
113
10%
Jan
98
■
■
preferred .i____.__.__*—..100
5%Cf
Steel
Wares
Packers
Ltd
97
Feb
Mar
104%
Jan
15% Mar
17 3/8
Mar
Jan
105
Mar
Goodyear Tire Pfd Inc 1927____
50
Gurd (Charles) common.......——*
55
Mar
56
Mar
*
10
6%
Jan
415
8%
Jan
375
6%
Feb
6%
Canada
Starch
Co
Canada Vinegars
Ltd
Canadian
Ltd
*
5
•
Hollinger Gold Mines
Smith
Howard
Preferred
Hudson
Paper
common.*
Bay Mining
Tobacco
Can
of
Preferred
International
Bronze
6a/4
International Petroleum
International
Power
Ltd
Co
Lake
Woods
common.
■
Montreal
Lt
preferred
&
Ht
Pr
Telegraph
Montreal
Murphy
common
Corp
55
Preferred
11
>•; 50
18
185
11
Ottawa
>
Jan
12
Feb
263/4
Jan
Jan
610
25
97/s
8% Mar
2,978
10
80
9%
11%
Jan
Jan
Feb
Ltd
50
140
221/4
15
11
Mar
11
140
11
Feb
14% Mar
7%
Placer
Development
Powell
25
Jan
Jan
95
Feb
3
93
Mar
250
2
Jan
50%
51
130
50
Mar
62
Jan
51
108
50
Mar
55
Jan
7%
7%
40
11%
25c
25c
200
45c
Feb
Jan
43
44
90
5Q
Jan
3%
3%
600
9
6,362
70c
200
2%
preferred——100
7%
51
*
Cassidy's Limited
.1
common
Claude Neon General Advert Ltd
•
*
Preferred
—
•
Consolidated Paper Corp Ltd
Cub Aircraft Corp Ltd
w*
Dominion
Engineering Works Ltd
J*
Oilcloth
Dominion
Square
9
8%
60c
70c
&
34
—
34
3% Feb
,
8% Jan
25c
Mar
40
Jan
.
8
1
Jan
60c
23%
125
23'/2
50
38%
170
12
15
125
7 3A
8
563
Ml
—•
Woollens
Fairchild
Fleer
-
10%
9 3A
10%
Jan
30
2
2
2%
Feb
)36 % Feb
38% Mar
Feb
Jan
5
3%
35/s
710
26%
26%
263A
465
13
13
100
40%
39
40 3A
1,096
Ltd
Aircraft
Ford Motor
Ltd A
of Canada
7%
325
•
Limited
*
Foreign Power Sec Corp Ltd pfd
Fraser Comnanies, Limited
«
Investment
6 %
Foundation
convertible
Ltd
4
.50
--
4
15
.
!
Jan
Mar
8% Feb
11%. Jan
93/4 Mar
2
Mar
13
Feb
4%
:
Jan
Mar
34 3A
Feb
3
3% Mar
25
300
5
5
65
49%
*
common.
preferred
St John
Power
&
?7.
Mar
17%
Feb
42% Mar
Jan
49%
30
4
Mar
5
Jan
45/a
Jan
5
49'A Jan
32
Feb
"A" preferred
1
Massey-Harris Co Ltd 5%
30%
32
225
24
Jan
49% Feb
Jan
243/4
24%
24%
322
22%
Jan
12
Paper
Maple Leaf Milling Co Ltd common..*
12
12%
761
12
Jan
*
18
18
31
18
Jan
100
22
22%
670
22
Mar
100
107
107'
180
105
Feb
10
9
9%
1,220
9
Mar
...
pfd
35
Mar
26%. Mar
16%, Feb
19y8. Feb
24%
Jan
Jan
28%
Jan
23% Mar
Jan
-
Jan
Jan
75c
Jan
35%
2,442
5
Paper Co Ltd
Aircraft
MacLaren Power & Paper Co
42
23% Mar
22
3%
93A
33A Jan
60
38
8
Linoleum
Corp
Jan
40%
40%
570
41%
Feb
181/4
1,060
17% Mar
19%
Jan
21J/2
50
21% Mar
52%
53
1,557
•241/2
25
375
McColl-Frontenac
Oil
Melchers Distilleries
Minnesota
&
6%
Ltd
Ontario
pfd
pfd__
Paper
13%
12%
13%
1,775
23%
•
*
23%
23%
1,110
12%
107
.
Feb
Jan
93A
Jan
14
Jan
23% Mar
1691/2
10
16 3/4
50
16 34
6%
61/8
40/
.
Jan
50>
Mar
168%
16;
55% Mar
Jan
25
Jan
;y
5%
mm
18%
.
19%
151/2
191/4
27%
Jan
151/2
550
7%
250
35%
144?.
2,800
Moore
Ltd..
•
Royal
Hotel
Ltd
Co
cum 1st
58
58
45
•
Corporation Ltd.
Power Corp of Can 6%
"11%
12
234
102 102%
17%
78
pfd-100
Jan
1
Quebec Pulp & Paper pr
44
443A
*
6%- Feb
Jan
Jan
15% Mar
20
23% Mar
57%
26% Feb
60
Jan
13
Feb
6% Jan.
99
.Mar
105
Jan
Jan
107
*
Co
107
24
22c
2,239
30
pfd—100
Co Ltd
v 363/^ Jan
729"
<fan
30
105
107
22c
liar
48 Vs
Jan
109
Jan
Jan
23c
Jan
30%
29% Jan
Feb
Feb
9
18% Mar
Southmount Invest
Woods Manufacturing
453A
22c
Southern Canada Pwr 6 % cum
59
Jan
.
Feb
172
Jan
57% Mar
1,000
Molson Brewery
Mount
'•; ■■■'■
'
45
61/8
58
58
*
.I.'——
170
168% Mar
93
23/4
51
*_1.00
Feb
30
Mar
42 *
169
__.___.v-—.
30
93
2%
pfd__100
23
203/4 Mar
60
23'/2
24%
*
River Co
168% 168%
pfd—100
140
Jan
132-
10,437
2IV2
—100
common...—
Jan
11
263/4 Mar
24% Mar
1
i
Penmans
Jan
183/4 Mar
Jan
10
common——*
Aircraft
Car
31
24% Mar
16
Jan
112% Mar
Jan
30
25
8V2
Jan
106
Jan
14%
Westinghouse Co Ltd..
Donnacona
35
Jan
26%
251/4
53
•
—_—
Products
100
11
Vickers
24% Mar
Mar
108%
837
.
Ontario. Steel
15
Jan
14'A
Canadian
Dominion
17%
•
51%
*
Industries Ltd
28% Mar
Jan
27
20
42
•
...—
Ogilvie Flour Mills common
Jan
40y4
•
Steel
'26
49% Mar
Jan
2iy2
Breweries
22% Mar
25
37% Mar
Jan
21%
1,010
23%
National
Noranda Mines Ltd
21%
251/4
*
National
Car
31"% Jan
42
'
1,134
50
common.™100
Canadian Marconi Company
Lake
100
Niagara Wire Weaving
30%
20%
™_____40
Paint Co common.
23%
28
140
—25
Tramways
18%
17% Mar
778.
24 7/8
22
•
_i
Montreal Loan & Mtge
Montreal
104
Hydro-Electric Secur Corp.—.
25
3.30 Mar
55% Mar
'
81/4
..100
Cons..
25%
7%
263/4 Mar
24"% Jan
j
701
10
*
*
Cottons
Montreal
35
11
*
(Robert)
65
18
■-J.U
Jan
Jan
2.30
104
50
Dominion
Feb
17%
•
;
26% Jan
Mar
7%
25
Massey-Harris
Mitchell
35
50
30
*
*
Oil
Jan
13 % Mar
110% 110%
_41
Lang & Sons Ltd (John A)
McColl-Frontenac
30%
405
27
—
common
Jan
15% Mar
7%
22%
22 yi
•
100
the
of
110%
Jan
25%
Utilities
Public Service Ltd
Jamaica
Feb
Feb
Jan
33%
35
3
Preferred
International
Jan
24
112
12%
26%
7%
15
common
12 %
Jan
13%
26
—
26
Jan
25%
Jan
Jan
234
17%
—
•
Paper common...
Feb
73/4
1,050
13
,
Feb
Feb
11
Mar
,
21
-
1,135
14%.
'
13
v
"
Int Nickel of Canada common
International
14
14%
13
common..*
common....;
116
.
24%
Commercial Alcohols Ltd common
£1
,s
33
11
580
:■)
111%
32 3A
33
•
5
common
...v..
Industrial Acceptance Corp
325
11%
22
111
•
Imperial Oil Ltd—
Imperial
•
100
___—
11%
21%
.
21%
22%
—
Canadian
6%
24
Sugar
Canadian Inter Inv Trust 5%
6%
Jan
*
17
Jan
100
102
Hamilton Bridge
Jan
45
preferred.lOO
102
1,160
10
1,253
Canada North Power 7%
11 % Mar
20
93A
9,000
53
•
25
6%
3.00
&■ Dominion
55
__
2.75
50%
Malting Co Ltd..
105
•
8%
Mar
25
52
Canada
55
& Alabastine
23 %
3.00
Canada
105
uypsum. Lime
411
1
Mar
—_——100
Preferred
153A
100
common
Mar
22
25
15%
290
Jan
Mar
Jan
Jan
505
102
15%
15%
_•
common
98
102
98
100
preierred
.5%
General
17
:
4
105
Jan
30
Jan
•
common
16%
8
Feb
21%
.
15
25
7%
—
8
25
Columbia
High
Jan
Feb
8
25%
British
9
»
8
Low
24%
Jan
30
Foundation Co of Canada
100
25%
163%
7%
*
*
Products.
3
20
•
Feb
Preferred
&
50
102
*
161%
—*
Enamel
3%
*
25
74
3%
Li
British American Bank Note Co.—
British American Oil Co Ltd
326
Jan
Range Since January 1
High
102
*
Ltd common—100
Brandram-Henderson Ltd.—...
72%
72
Shares
Low
Belding-Corticelli
162 % 162V2
721/2
of Prices
Par
Bathurst Power-& Paper class B_
Sales
for Week
Range
Sale Price
Mar
Jan
15 1/4
100
.
124
27
14
common
A.
45
14%
100
Textile
Preferred
Feb
1,479
•
*
Preferred
Dominion
25
7%
Week's
Last
STOCKS—
110'/2 IIOV2
*
—
30
High
50
25%
71/4
7%
25
Dominion Steel & Coal B___
MARKETS
MARCH
Range Since January 1
Low
128% 129
Dominion Glass common..._—.——100
ENDING
Thursday
Shares
High
2534
Dominion Foundries & Steel common.*
LISTED
WEEK
•'
for Week
Range
Low
Par
FOR
■
Sales
of Prices
Sale Price
STOCKS-
■
1459
-
Power
*
of Canada
Corp
Price Bros & Co Ltd
....
714
___*
34%
7
33%
V
Provincial Transport
—
—
Jan
32I
Mines—
37% Mar
Feb
91% Jan
10
10 ;ID
10
Feb
Feb
16
Jan
Jan
106
Aldermac
105
Saguenay Power preferred....—*..100
81 Lawrence Corp common—
*.<
Class-* A preferred
St
Lawrence
'-•/
2%
2f%
377
19 %
Jan
22
58*% Jan
;
Jan
18t3/«
750
,3
is%
19'/2
50
preferred
Paper
105*
56
106
68
Mines Ltd
Aumague Gold Mines Ltd
75
Feb
Bear
Feb
3%
..
Beaufor
Jan
Bouscadillac
of
Canada
com
•
17-1/4
23.
22
17%
17
*
16%
1.255
23
149;- 149
40
U
19,000
39,300
3c
Jan
1.04
3,800
75c
Jan
15c
Jan
19cJan
Gold
Mines
1.84
1.84-
1
13 %c
13c
14C
12c
10c
12C
1
Ltd
—
-10c
1.84 Mar
1,000
8c
Jan
2.24
Jan
6c
20,300
Mar
1.20 Mar
Gold Mines Ltd
Mines
4,700
Jan
14c
Feb
12c
'
Mar
17
17
1,000
10c
8C
IOC
5,800
6c
Jan
.1
9c
7%c
37,700
Ac
Jan
u48c
1
Ltd
15c
3,500
10c
•
-
■
15% Jail
173A Mar
18% Jan
Feb
25
2$ : .'.Mar
490
'
.—-.100
Preferred
16c
63Ac
15 %c
1
Exploration & Radium Ltd
Bralorne
Williams
Sherwin
6%c
X
'
;61%;,6? *
100
'Bhawlnigan Water Si Power....
16c
1
6c
97c
•
Copper Corp Ltd
Feb
Arno
15%
355
16 A.
Quebec Power
145%
Jan
149% Mar
Jan
Cartier-Malartic Gold Mines Ltd—1
Central Cadillac Gold Mines Ltd
;
>
:
14c
Mar
Mar
t
Sicks,*
Steel
Breweries common..
of
Co,
Canada
22
Preferred
%
70
«...*
74"
25
22%
7i
74
—*
common
74
20
•
T
Twin
City Rapid Transit common
United
Steel Corp
163V2 1631/2
-v
•
•
'i-
20
20
Tuckett Tobacco preferred..——100
11%
11%
;
50
Feb
Century Mining Corp
Ltd—
k
22
Jan
15 %c Mar
3.25
300
3*25 Mar
3.65 Jan
1.75
2.05
1.18 Mar
30c
30c
30c
4,800
1,000
Mar
23c
Jan
38c
36 c
40c
3,000
20c
Mar
4.60
4.60
40
Cochenour Wilans Gold Mines—
1
1
1.84
—1
•
Miners
—
V
2.40 Mar
30c
Mar
46c
Mar
Feb
Duquesne Mines Co Ltd
13%
Feb
Eldona
5%
:Mar
14c 15 %c
3.25
Jan
165
Jan
16»V- Mar
; 111%
Jan
250
•
Jan
'•
16.%
15
73
76
Donolda
75;
15
t
Tooke Brothers
23% Feb
22<% Mar
69>
Jan
110
Jan
Falconbrldge Nickel Mines Ltd——*
Gold
Mines
'>
4.60 Mar
5.60 Feb
FrancoeUr Gold Mines Ltd
common...........
Preferred
Cotton
Wabasso
Walker
(Hiram)
G & W common
.
70 '
58
165
70
•
14
97%
58
•
12%
136
14
97%
*
—_.__100
—
70
50
58^
Mar
lOf
Weston
J
::-
(George)
common......
._*
19
;
21%
25
21%
19
110
20'/s
„———*
21'%
20%
50
fii/2
6%
375
19
>
Jan
Mar
75
Jan
22%
Feb
-
19% Mar
M
Ltd
Wilsils
!
Winnipeg Electric common..———*
Preferred
Zellers
6%
——_—100
—
preferred
6%
78
78
28%
78
.25
28%
60
110
19%
65c
65c
65c
1,500
62c
1
26c
25c
31c
33,500
25c
Consolidated Gold Mines Ltd—1
6c
6c
6%c
1
66c
57c
83c
12,513
612,563
10c
10c
1,500
20%
20%
115
1.65
1.75
3,300
1.35
1.35
200
5.40
6.00
3,800
72c
72c
1,000
3.20
2.90
3.50
56,100
12c
12c
12c
3,000
1.40
1.40
2,100
3.25
3.25
6.50
8.30
8%C
8%c
10c
8,000
5%c Jan
10c
65c
65c
66c
9,125
61c
Jan
7bc
50c
50c
500
50c
Mar
61c
60c
Mar
75c
Jan
Feb
70c
3 %c
Mar
323Ac Mar
Jan
7%cMar
73AC Jan
1.15 Mar
Jan
Jan
18-
*
Cadillac
Mar
Mar
59%
•
Preferred
15
100
Jan
97f% Mar
85
Heva
J.-M.
Biscuit
Viau
'
Jolict-Quebec Mines Ltd
Kirkland Gold Rand Ltd
Lake Shore Mines Ltd
Louvicourt
Jan
1
-
1
—
*
Goldfields
__
1.65
7c
15cJan
Jan
18
Jan
92c
Jan
2.05 Mar
135 Mar
1;47 Mar
'
24% Mar
203/4 Mar
6f% Jan
8
Jan
Jan
83
Jan
29%
Jan
75?,
28% Mar
McKenzie Red Lake Gold Mines——1
-*
Mining Corp of Canada Ltd
Normetal
O'Brien
Gold
Mines
—
1—
Mining Corp Ltd
Ltd
Feb
6.00 Mar
Feb
79 %c Feb
2.25
Jan
3.50 Mar
11c
Feb
14c
2.97
64c
v
Banks—
Pandora
Gold
Perron
Gold
Commerce
;
—
15%
15%
100
15i
Jan
15% Mar
10
14%
143/4
300
14-
Jan
15
Jan
Pickle
Jan
Quemont Mining Corp
Jan
16% Mar
28
120
273/4 Mar
29%
163/a
28
10
Royal
1,030
18
880
15%
16% Mar
17%
-16%
10
Scotia
Ltd—
Gold
Crow
——
Mines
Ltd
3.25
—
16
Jan
Shawkey
Siscoe
Gold
Gold
Mining
Mines
*
Co
Ltd.—.
Ltd
Sladen-Malartic Mines Ltd
Stadacona
Mines
Canadian
Thursday
Last
Abitibi
Power &
6%
Sale Price
7%
*7
Towagmac
Funds
Wlltsey
Week's
Coghlon
Range
Shares
High
Range Since January
71c
21,300
1.65
3,300
2.25
800
35c
35c
500
19 %c
20c
2,500
3.80
3.80
200
3.60
3.70
750
3.10 Jan
10c 10 %c
11,500
4%c Jan
19 %c
Oils—
Mar
Jan
t
Jan
Jan
Jan
1.80 Feb
2.00 Mar
'2.25 Mar
1.50
34c
10c
Feb
38c
Mar
Feb
25c
Mar
3.80 Mar
4.50 Feb
*
2%
3,033
2% Mar
3%
Jan
44
46%
1,101
44
Mar
51'A
Jan
Home Oil Co Ltd—
—100
151
150
151
30
144
Jan
Jan
Homestead
8,30 Mar
1
High
Low
>/.:
2%
1460.
Feb
for Week
of Prices
Low
46
For footnotes see page
3.60 Feb
Feb
2.00
Mines—
2 3,4
—
Jan
27 %c
69c
Wright Hargreaves Mines Ltd—
Sales
100
preferred
2,50
600
1.60
Exploration Co Ltd— —1
Paper common......*
preferred
600
71c
Toburn Gold Mines
Montreal Cnrb Market
Par
,
1.57
1.65
1944 Ltd
Sullivan Cons Mines Ltd
8TOCKS-
■
Mar
1.20 Jan
:
r
10
Montreal
Mines
Mines Ltd
10
Canadienne
Nova
Cadallic
159
Oil & Gas Ltd
—
.»_•
—1
—
10%C
4.25 Mar
14c
Mar
THE COMMERCIAL &
1460
FINANCIAL CHRONICLE
Monday, April 2, 1945
OVER-THE-COUNTER MARKETS
Quotations
for
Thursday,
March
20
For
Quotations
on
Real Estate Bonds
t
Over-the-Counter Quotation Services
Shaskan & Co.
SECURITY DEALERS AND
FOR
-
Members New York Stock Exchange
FINANCIAL INSTITUTIONS
^
Call
or
Members New York Curb Exchange
Write for Free Trial
'
','1*
'
1
,
'
'
•
'
;
•
f
'
.
-
'
•
Tel:
BUREAU, Inc.
NATIONAL QUOTATION
DIgby 4-4950
"
1
40 Exchange Place, New York
Bell Teletype NY
■
v*.
,
5, N. Y«
1-953
Established 1913
46 Front
Street, New York 4, N. Y.
Chicago
Reorganization Rails
San Francisco.
:
(Wben,
Bonds—
Investing Companies
Bid
Far
7.67
4.29
4.70
..10
Holding Corp
AAmerex
Series
B-2
Series
4.26
3.89
B-3
American Business Shares- —1
American Foreign Investing. -10c
13.28
14.41
Scries
13,61
16.79
Series
-
B-4
1
K-l
Axe-Houghton Fund Inc
'
1
ACommon
-
6%
5%
S-2
Series
Series
America——
Inv Tr of
$ond
105.18
-—B
8
1
18.87
31.55
17.29
20.29
34.11
18.95
Fund Inc
Boston
Broad Street Invest Co Inc
Ltd
Fund
Bullock
S-3
Series
109.56
6-4-..--.-.-——.—.
1
3.40
30.74
33.05
X
10.33
ft'
—100
Preferred
;
Commonwealth Invest—
1
Consol Investment True!;
1
5.87
5.45
Investors
Mutual
147
142
Investors
Mass
2,740
Christiana Securities com—100 2,640
Invest
Natlon-Wide
(Colo)
1
Delaware Fund
53
51
2d
2.50
6^90
6.05
11.92
.256
-Stock
#
Fund
1.41
1.52
1.38
23.41
'
Low
25.03
14.52
8.32
1
8.99
Stock
7.72
England Fund
New
York Stocks
6.21
0.93
Agriculture
Automobile
—
9.26
6.51
Bank
5.95
5.88
7.36
11.25.
Chemical
11.24
8.04
-
12.36
10.23
stock
8.84
8.77
9.64
11.74
12.90
12.48
13.71
-
——-
—
7.19
7.91
6.50
7.15
7.29
—
shares
Avlatton
8.02
8.86
Metals
—
5.86
7
•
8.99
equipment
Insurance
stock
10.86
5.77
7.14
Railroad
1
7.86
12.20
7.25
7,98
8.46
Railroad equipment
Steel
9.30
6.92
7.62
shares—
7.53
8.18
9.15
10.05
7.56
8.31
Series 1955
1
2.98
10.44
10.95
Series 1956
1
2.85
7.60
8.36
Administered
General
bond
Investing
Low
shares
—„
Price Shares
6.59
_
Petroleum
shares
Railroad
stock
shares
l RR Equipment shares
■
A
Trust
-
shares—
—
96%
Putnam
(Geo)
Fund
1
4.53
5.40
15.24
16.39
1
Republic Invest Fund
3.59
71%
53%
Fund,
Inc
Selected
•
9739
Sovereign
1
6.40
in
48%
50%
Insur Co of North America
10
77
,
80 %
Jersey Insurance of N Y—
24%
Maryland
-1
11%
13%
Casualty
Massacnusetts Bonding
17%
18%
Merchant Fire Assur
11%
12%
16%
17%
Fidelity & Casualty_8
3%
38c
50c
Amer Shares
Trusteed
Inc
Union
10c
1.54
1.68
2%
Investors
Industry Shares
S
24.75
Bond
Fund
10.95
•
25c
2.43
A—
B-..-..—
C
10
22%
23%
National
Surety
23
60%
63%
37%
40%
Bankers & Shippers
Boston
!
100
Camden
23
Fire
91c
'
28%
303/4
57%
—
—2 •'
City of New York
10
19%
10
58%
60%
Continental Casualty
Crum & Forster Inc
10
York
8
175
185
26%
28 3/4
i2.
Casualty-
.
28%
31%
10
44%
47%
.—5
13%
15%
-2.50
Fire
22%
24%
„.
Fire—
21%
Connecticut General Life
New
60>/2
67/a
10
Amsterdam
New Hampshire
665
21"%
48
5
50%
4
30%
X28%
North
.
River
5
Northeastern
Northern
Fire
Indemnity Co
34%
36%
Pacific
10
59%
63%
Phoenix
Federal
10
47%
51%
Preferred Accident
Fidelity & Deposit of Md
20
155
161
Fire Assn of Phlla
10
71
75
Fireman's Fd of San Fran
10
93%
Franklin
of
10
97%
Reinsurance
13%
14%
Republic
23
25
Revere
5%
28%
30 3%
...10
223/4
24%
-12%
(NY)
2
10
Corp
79%
82 %
..
(Texas)
(Paul!
Fire
56
Seaboard Surety
19%
21%
Security New Haven
10
33 7/8
8
46%
49%
Springfield Fire & Marine-
25
116%
53
8
9%
S'J/4
5
27%
87%
3
29%
31
U S
10
26%
28%
U 8 Fire—
American
Fire
—
Standard Accident,..
26%
83%
Rutgers Fire Ins. com.
preferred
Hartford
35"%
10
Fire
Great
14%
33%
'-".rrfeM
St Paul Fire & Marine
&
56%
883/4
12%
10
—
53%
84%
5
Providence-Washington
8
General Reinsurance Corp
Gibraltar Fire & Marine
105%
10
8
Newark-. •
Fire—
94
100%
Employees Group
Employers Reinsurance
Firemen's
63/8
5%
89%
12.50
—
Pacific
103%
10
108 %
42
45
-Mr?"
—10
483/4
—10
,
-100
523
51%
35%
122
35%
38%
r;
Travelers
—————
Fidelity & Guaranty Co„2
'
38%
568
40%
-__-4
49%
10
71%
76%
Westchester Fire———_ -2.50
323/8
35%
—
U S Guarantee——
52%
Recent Bond Issues
25.82
Arkansas
23.62
Birmingham Electric 3s
S
El Lt
America
10
12.97
.1
14.01,
14.34
Lt
& Pwr Shares
Wellington Fund
108
108%
20.81
A
Light & Power 3s
1974
Empire District Elec. 3%s__1969
22.74
.
17.85
4%S
19.48
&
AFlrst
Boston
Power
&
-
V,-,
;
.
4V4
4%
10
Corp
.38%
40%
106%
107
108%
109
111%
113
1975
101%
101%
106%
!
103%
Sou'western
Pub Serv 3%s_1974
103"%
104%
Tri-Continental Corp 3%s__1960
Wabash RR 3%s
—1971
105%
105%
108
Carolina
Pow
3s
•
106%
107
108%
1974
107 %
107%
Wheeling Steel 3%s
Northern States Power 2%s_1975
100%
100%
York
~
3s_.
Public
Terminal
Washington
Service
-
.
99%
1974
South
106
Light 3%s__1974
Elec
Orleans
3%S
1
1974
100%
99
Potomac Edison 3s
•/ ' '
2%s_1974
100%
Puget Sound Pow & Lt—•
4%S ,———
-—1972
San Diego Gas & E) 3%s—1970
107%
New
Co
.
1980
111%
1974
Narragansett
Banking
Corporations
110%
107% "
1979
>'......
Houston Lt & Pow 2%s
Marquette 3%s
109%
108 %
1974
Florida Power & Light 3%s_1974
18.00
1
3%s
Ask
109%
Conn
Kansas City Term Ry
•*
Pere
Elec 2%s_1975
Oklahoma Gas &
104%
Florida
Miss
,
107
104%
1974
9.82
Power
Bid
Ask
106%
3%s__1974
8.10
14.21
29.28
81
7.40
1.17
26.94
Pow
Corp.
2%s_1970
_1970
4%s
1958
99%
100
k__
103%
104%
105%
106%
Qudlationi For U. Si^reasurY Notes
•
•f.8-
Figures after decimal point
-
New York
Par
,
ef the Manhattan Co
Bank of New York
10
100
Bankers Trust
Bid
°6
433
445
Fulton
Trust.
Grace National
46%
48%
__100
119%
124%
Central Hanover Bank & Trust 20
100
Lawyers Trust.
109%
40%
51%
53%
10
100 1,750
25
Manufactures Trust Co
20
49%
Continental
10
22%
24
Exchange Bank <Ss Trust-20
53%
55%
90%
33%
100 1,735
com__20
Empire Trust
Conv
50
.Fiduciary Trust
National
Trust
Bank.
Rid
tMar 15 1947—
1
%
1%%
—
*
represent ohe pr more 32ds of a point
"
A«*
100
100.1
100.6
100.7-
100.30
100.31
51%
42%
t%s-May
*i%s£tfune
343
100.17
100.18
1%%
101.3
101.4
—_1%%
100.18
100.20
t%s Oct.
1948.
1%%
101.3
101.4
*
•t%S Dec.
to.90s
17%
Morgan
preferred
(J P) & Co Inc
National City Bank
York Trust-.
57%
283
293
a
39%
41%
25
100%
104%
94%
Public Nat'l Bank & Trust—17%
41%
35%
Title Guarantee &
12
United States Trust
Trust
.0947
.1048
.0924
.1048
1945
.1015
.1115
1, 1945
.1089
.1222
.1112
.1261
1,
April
1,
1946
—
1946
1946_—
__
.0867
.1034
.0951
1946
1,
1,
.1133
.0842
.1041
52
100
1945_
1945
1,
1,
—_—.
60
50
.0880
.0978
t%s March
45%
Ask
.0780
Jan.
t%s Feb.
1,800
Bid
Indebtedness—
.0912
t%s Sept.
1947.
tSept. 15,
-
of
1, 1945
1 1945_
t%s Aug. 1,
1%%
1947.
-
Dollar Price 100 Plus
Maturity—
Certificates
15,
tSept.
12%
1,825
'
tSept. 15,
200
20
New
&
16%
—
■
t%s
Commercial National Bank &
i Trust Co .i
Bank
335
1946..,
15.
—
%%
—
42%
10
Chemical Bank & Trust
106%
15
Bank
Guaranty Trust
Ask
200
100
-
Irving Trust
Kings County Trust
Chase* National
Bid
185
1946-
tDec
.100
1945-
tMar 15.
Par
Ask
27%
10
Brooklyn Trust
tDec. 15,
Gity Banks & Trust Cos.
-
Int. Rate
Maturity—
Plrst
7
6%
New Brunswick
84%
79%
640
20%
93c
1.02
1.06
Investors Fund C
Corn
New
7%
0
V
13.77
ABlalr
>
5%
4
—
National Union Fire- —20
6%
50%
5%
National Liberty—
2%
9%
47%
National Fire
10
59%
56%
8.98
Investment
Bank
5
: so;
76%
(Detroit)—10
Casualty
Reserve
10
39%
8%
-12%
N Y„
Fire
Ins.
Re-Insurance_
83c
Union Common Stock Fund B__,
Union Preferred Stock Fund
2.73
12.57
Bank Group shares
Z
923/4
36%
v-
Fire
American
25.04
Ltd—
Stock and Bond Group shares-
•'
.90%
;
11.94
26.61
f.,Insurance Group shares
of
163/4
10
Mfrs
Monarch
American
21.61
series
Series
U
Co
Merch &
%,;V'
American
Automobile
29
14%
>■
20
22%
52.00
V Aviation Group shares
Investment
10
Ask
27%
6
_
10
/,
Alliance
Rid
Pa*
'
Fire———
7.01
51.00
Independence Trust Shares
.•
1
■
99.35
State Street Investment Corp.—
Series
'v. j.
64%
6.03
Scuddsr, Stevens & Clark
5.75
1
Securities
62%
Home
Homestead
56%
Hartford Steamboiler Inspect._l0
4.95
.
\t institutional
26%
Companies
A«k
Bib
new-
Hanover
5.24
Incorporated investors
-
55
24%
79%
75%
American of Newark
3.94
5.22
Fund
Common
24%
53
Preferred
102
Bid
Foundation
22%
Seaboard Ry common
98 %
77%
2nd
4.49
Huron Holding Corp
Income
55%
74%
100
.
Globe
■—
shares
1993
53%
corn-
Grande
Elo
Preferred
23
—100
Denver &
82
.
10
American
7.14
5.48
56
21
—
Globe & Republic
—
4.76
w—
„
80
72%
4%s
Glens Falls
—
j Steel shares
"Tobacco shares
Utility
-
6.49
4.90
shares
Railroad
5.71
Amer
7.77
4.11
—
.
North
7.25
7.07
5.19
—
Merchandise shares
Mining shares
<;
9.69
11.19
9.88
Industrial Machinery sharesInstitutional bond shares
Fully
!
;
10.18
11.10
11.81
5.24
Electrical
6.45
10,75
—
Electrical Equipment
Food shares
Speculative
Machinery
8.06
Building shares
Chemical shares
2019
2018
American Casualty—.——..
American Equitable
0
8.10
Diversified
shares
Automobile
4%s
Grande—
Aetna
11.97
:
Diversified Investment Fund-
-
Rio
4%s
American
14.49
10.89
i
Aviation
37.19
Group Securities—
;
income
&
———
preferred
5%
Agricultural
Inc—
Building supply
1
21%
107%
Insurance
4.33
14.35
1
—
28.21
•
shares
105%
1994
Baltimore American
/ •}•.'.
Agricultural
77%
Par
8.49
8.38
5.86
25.74
2
General Investors Trust
75%
Income
5.83
3.83
r
series
2.14
Invest Inc.
Corp—
2019
1st 3-4s income
23.87
Trust Fund
General Capital
4%s B
Conv
7.57
6.80
series——.
priced bond series
priced stock common.:—
1.95
Mutual
',W. ir
8.23
5.26
22.16
Fundamental
19%
54
Common
Preferred
Chicago Rock Island & Pacific—
Common.-*■'
•
15,52
Inc.
8
First
income
Denver
~1.52
7.48
stock
•
Inc
Industrial Fund,
Financial
95
1st 4s
4.15
25c
series
New
Fidelity
•
93
Chicago Rock Island & Pacific—
'
1
1
Fund
2019
13.95
Preferred stock series
Fund
4%s A
12:82
X12.76
series
Income
Low
Balanced
income
Aetna
National Investors Corp
& Howard—
Eaton
106%
Gen
Securities—
Industrial
Dividend Shares
-104%
Chicago Milw St Paul & Pacific
67%
1994
Aetna Casual & Surety
voting shares
Bond
Diversified Trustee Shares—
86
10.82
•
National Security Series—•
D
65%
'
25.59
1
Inc
23.31
10
Fund
Fund
9.84
1
Trust
series B shares
(Md)
19.99
18.49
53%
84
—
—
44.30
100
Mass
■*':
Youngstown—
51%
5% preferred
88%
86%
2003
&
Common
•
Ask
—
Canton
Manhattan Bond Fund Inc—■
Common
Fund
Chemical
'
101%
11.17
Second Fund-
Akron
101%
99%
Gen
102.90
Sayles Mutual Fund-
Loomis Sayles
4.00
•
Ltd
Fund
Inv
Canadian
100.84
.43.41
99%
1988
1st 4s
7.37
Fund——
10
Bid
Stocks
1988
Seaboard Ry 1st 4s__:
Loomis
Century Shares Trust
6.62
and if Issued)
Youngstown—
2nd 4%s
Income
Knickerbocker
as
Ask
Chicago Milw St Paul & Pacific
26.46
27.72
15.70
13.49
6.25
0.63
&
A
4%s series B
29.67
32.17
22.85
12.29
21.28
-
24.05
25.22
14.28
12.27
K-2
Series
Series S-l
Bankers Nat Investing—
'
28.32
29.38
20.81
11.17
19-40
B-l
Series
Canton
series
Chic Indianapolis & Louisville—
1st 4s
1983
Keystone Custr-Man Funds-
29%
28%
Ask
Bid
Par
8.40
.1V4
Affiliated Fund Inc
4s
Ask
1
Aeronautical Securities
Akron
Bid
12
100 1,485
lot
sales,
b Yield
price,
c
Result of
the merger, effective Jan,
1,1945, of Doehler Die
y Ex-rights.
44
12%
1,530
Odd
Casting Co. with the W. B. Jarvis Co.. d Deferred delivery,
e Ex-interest,
f Flat price, k Removed
to Stock Exchange, r Canadian market, s Cash sale—not included in range for year, x Ex-dividend,
,
*No
par
value,
tin default.
furnished by sponsor or issuer.:
tThese bonds are subject to all Federal taxes.
-
-
,•
.
.
A Quotations not
-
v-
..
\
Volume
THE COMMERCIAL & FINANCIAL
Number 4373
161
1461
CHRONICLE
Week Ended March 24
"
THE COURSE OF BANK CLEARINGS
Bank clearings
1945
telegraphic advices from the chief cities
liminary figures compiled by us, based upon
Pennsylvania—Altoona
at
stands
gain for the week ended Friday
center there is a
of 28.6%.
684,000,000
Pmladelphia
688,000,000
Week Ending
-[A" ■ ■'
-"'V'
March 31—
;--
Our comparative sum¬
Y'Y'1; V '
y
'Y
1945
.
512,7C)1
1,628,870
1,521,543
+ 26.6
608,000,000
2,038,745
0.6
—
552,000,0q0
2,538,304
1,676,001
1,373,799
+ 22.0
3,142,702
2,757,172
+ 14.0
1,239,583
+ 36.9
1,096,514
2,803,658
1,588,057
1,213,296
York
l,076,3€l2
1,855,254
1,566,827
+ 18.4
1,949,299
1,657,772
3,434,100
4,348,900
—21.0
2,948,700
3,414,6d0
700,190,474
703,256,696
0.4
r 622,887,297
565,614,637
Jersey—Trenton
cities)
(10
;;>YY,'' ■'.'' YYIY-'Y+Y
Y
1944
>
1,339,877
527,659
Willces-Barre
Total
Clearings—Returns by Telegrapli
y.', v
:
349,6^7
1,335,296
6.6
Reading
for the week follows:
v
509,101
6.8
+
—
Scranton
New
mary
1,839,294
848,067
1,452,565
Lancaster
against $11,332,549,599 for the same week in 1944. At this
$10,630,862,925,
$
+ 25.0
449,188
1,220,595
791,715
Chester
Our preliminary total
corresponding week last year.
be 15.0% below those for the
561,435
1,301,916
Bethlehem
ended Saturday, Mar. 31, clearings for all
from which it is possible to obtain weekly clearings will
cities of the United States
Dec. &
Third Federal Reserve District—Philadelphia-
country, indicate that for the week
of the
1942
1943
Inc.or
$
decrease compared with a year ago. Pre¬
this week will show a
1944
—
'
1
*'
■■
%
,
Fourth
Federal Reserve
' |
t!
•it
District—Cleveland-
;
New York
•
.
$4,000,517,801
$5,143,822,055
-
+28.6
Chicago
356,694,955
Philadelphia
448,000,000
423,143,107
559,000,000
302,489,480
286,762,118
+
167,445,154
154,651,761
+ 8.3
—
164,600,000
-
243,969,000
155,000,000
222,065,000
6.2
+ 14.4
a—
183,133,027
219,052,734
—16.9
189,523,570
187,556,373
*125,000,000
145,759,219
1.1
—14.2
$7,324,677,241
1,534,375,197
$6,353,508,113
1,390,596,675
+15.3
+10.3
Boston
.
Kansas
*
City
St. Louis
San Francisco
:
Pittsburgh
Cleveland
-
Baltimore
Ten
1
cities, five days
-
Other cities, five days
—12.8
—19.9
4,348,531
Cincinnati
121,438,319
+ 22.3
+
17,370,700
2,601,025
Mansfield
All
Fifth
'-Estimated.
Complete and exact details for the week
In
our
+14.4
South
V
.
:;
"
Federal
....
:
of
Total
3.6
-657,895,980
613,397,365
+
5.6
covered by the foregoing will appear
in as much as the week
available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
586,481,307
able to give the
we are
5,595,000
+ 20.6
+
0.1
74,216,532
+
6.8
2,377,217
135,890,144
2,809,549
2,629,564
126,050,144
+ 23.9
39,147,322
35,468,238
+ 10.4
256,312,904
+13.4
251,739,909
10,990,038
+ 36.5
further below,
7,243,338
37,808,993
122,500,000
Nashville
41,461,759
143,200,000
2,522,698
2,466,510
+
2.3
+
5.5
Total
We group the cities
according to the Federal Reserve Districts in which they are located and from this
it appears that in the New York District (including this city) the totals are larger
by 9.4% and in the Boston Reserve District by 8.8%, but in the Philadelphia Reserve
District the totals are smaller by 0.4%. f In the Cleveland Reserve District the totals
register a gain of 5.6%, in the Richmond Reserve District of 13.4% and in the Atlanta
Reserve District of 10.5%.
The Chicago Reserve District has to its credit an increase
of 8.3%, the St. Louis Reserve District of 20.8% and the Minneapolis Reserve District
of 1.2%.
In the Kansas City Reserve District the totals record an expansion of
15.7%, in the Dallas Reserve District of 23.4% and in the San Francisco Districfof
32,578,197
,
[to
28,832,503
2,622,82?)
v46,457,000
304,512
100,370,125
100,109,818
+
0.3
Y
418,932,817
+10.5
1,267,980
358,690,997
4,652,558
6.2
1.8
—
+ 59.6
190,832
•"
41,754,650
4,082,170
130,04i4
.
:
i
6.2,083,995
y,
282,397,532
r.*
i
increase of 9.5%.
clearings at this center having recorded an
;
6,266,353
2,167,210
642,175
+ 32.1
—
j
* v
'J+'J
463,806,720
v.YY
Orleans
(10 cities)
1,604,049
61,520,190
+ 16.9
52,737,063
57,813,604
4.568,127
+
i
'.211^78,353
4
.11
45,027,311
51,821,525
4,639,292
132,386
86,708,767
Mobile
Louisiana—New
Outside of this city there was a
in the same week in 1944.
1,692,102
69,545,470
—;
Mississippi—Vicksburg
-
7.5
44,583,066
167,400,000
previous—the week
112,523,116
\
15,001,016
Augusta
of 9.5%, the aggregate of clear¬
1
District—Atlanta—
Georgia—Atlanta
Florida—Jacksonville
58,372,485
1;932,657
,
32,427,941
290,612,650
Reserve
<
,
^+747,898
5,1)24,000
.
5,841,000
85,419,510
155,007,261
Columbia—Washington—
Federal
r
987,075
+ 19.1
6,749,000
(6 cities)
Sixth
1,150,448
1,369,817
Tennessee—Knoxville—
amounted to $11,078,713,906, against $10,119,405,694
gain of 9.4%, the bank
ings for the whole country having
>4
;j
85,529,701
Alabama—Birmingham
final and complete results for the week
ended Mar. 24. For that week there was an increase
468,960,053
Reserve District—Richmond-
Macon
statement, however, which we present
In the elaborate detailed
10,705,400
2,578,589
236,674,768
Y y
Saturday and the Saturday figures are not
ends
2,768,429
199,386,590
+
Carolina—Charleston
District
We cannot furnish them today,
issue of next week.
2,017,321
2,849,781
2,957,680
Maryland—Baltimore
—15.0
•1
+ 10.6
+ 23.3
262,470,344
Virginia—Huntington
Virginia—Norfolk
:
—50.6
'
2,351,084
*
3,648,094
West
3,588,444,811
1,771,810,487
I
13,543,500
1.
$10,630,862,925 $11,332,549,599
cities, one day
Total all cities for week
218,741,307
+
$7,744,104,788
$8,859,052,438
-
166,208,328
8.0
+ 12.8
271,968,257
Pennsylvania—Pittsburgh
(7 cities)
84,304,332
109,717,723
203,117,676
19,587,100
_
Youngstown
Total
3,008,38l5
2,936,907
+ 17.8
136,451,305
Columbus
+
3,691,562
219,291,668
Cleveland
5.5
Richmond
Total all cities, five days
U
■
Ohio—Canton
*
'
•
.
Seventh Federal Reserve
District—Chicago-
Michigan—Ann Arbor
Grand Rapids
Lansing
Haute
•
30,708,000
24,669,000
^
Moines—
,.e
City
T—
.
1.9
+
14.1
.•»<•
2,354,13(2
8,112,559
+
0.7
37,788,490
3,056,743
16,987,914
2,824,912
+
8.2
2,362,851
15,968,702 H+
6.4
16,308,204
6.2
7,094,929
7,972,096
8,503,042
571,298
522,576,406
597,711
—„
Illinois—Bloomlngton
825,18(6
3,238,888
+
7,336,289
40,483,403
3,889,034
Iowa—Cedar Rapids
Sioux
+14.2
2,685,008
30,128,000
3,816,822
40,783,822
.
Wisconsin—Milwaukee
Des
J,545,134
2.3
+
+
10,372,918
Bend
Terre
2,672,705
+
3,594,851
2,935,042
34,412,000
+
Indianapolis
South
3,504,415
9.3
5,193,396
4,179,764
: '//
I
16.3
572,540
6,392,113
.
Indiana—Fort Wayne
\
rj
i
403,201
4,217,532
2,748,584
5.2
+
544,416
'
C
„
..
—
32,291.325
^.,-1,T41.117
1
-15,843,599
4,583,370
.373,930
i-L
368,159
8.1
6,461,664
i
„•••.
I
following we furnish a summary by
In the
Reserve
Districts
1st
Boston
2d
New
3d
" 431,961,389
12 Cities
-
"
12
York
10
700,190,474
657,895,980
290,612,650
"
703,256,696
613,397,365
256,312,904
463,806,720
"
7
Philadelphia
4th Cleveland
6,201,401,003
.
418,932,817
615,308,132
293,966,945
222,903,029
288,404,117
142,860,479
496,696,738
6
"
Y 6th Atlanta
10
»
7th Chicago
17
"
666,497,892
4
"
355,021,507
7
"
225,644,539
5th Richmond
Louis
8th St.
9th Minneapolis
333,704,270
6
Francisco—,
"
176,247,251
10
11th Dallas
12th San
/'
"
—10
City
10th Kansas
'
"
575,760,226
Outside New York City
We
5,051,424,256
;
-
add our detailed statement
now
week ended March 24
■■..
";1V
..
;
■
+20.8
+ 1.2
+15.7
+ 23.4
+15.9
+ 9.4
Dec.
$
yyy..
794,426
$ r
%
j)
600,505
3,593,650
3,239,397
8.9
354,195,685
306,692,510
+ 11.0
353,921
o33,305
346,512
+ 53.9
374,930
1,152,867
1,034,318
5.3
864,774
—
+
+
Springfield
4,020.392
3,942,537
+
2.0
Worcester
2,978,741.
2,409,067
+
V
23.6
13,555,195
m2A5U'
5,055,490
6,103,270
504,668
431i9Sl,389
396,885,957
865,767
370,752
Y
2,326,735
2,009,202
+ 15.8
2,039,365
1,950,764
1,668,939
+ 16.9
1,760,427
.
:
2,449,007
12,538,686
5,008,162
1.3
18,983,000
21,311,400
+ 12.6
520,465
489,943
407,100,212
1
(17 Cities)
666,497,892
615,308,132
+
1,385,023
.501,817,761
571,475,932
8.3
+
'
\
Missouri—St.
216,400,000
Louis
180,800,000
11131,200,000
154,900,000
+ 19.7
Kentucky—Louisville
86,250,349
69,000,000
+ 25.0
51,384,978
43,128,945
+ 19.1
5.0
42,727,761
1,Q41,000
+20.8
Y,(1,,51,070,152
■J. .37,844,613
64,883,412
Tennessee—Memphis
263,552,173
Total
(4
§86,i8o
1,038,000
355,021,507
293,966,945
;•
Illinois—Quincy
cities)
-
—
!
;!
■
Eighth Federal Reserve District—St. Louis—
717,000
^20,831,765
.
■:<
•
*
:■
Ninth
Federal
Reserve
District—Minneapolis—
„!
Minneapolis
Bt.
—
*
-
34,947,994
+
3.6
3,305,993
1,438,444
+ 27.5
1,100,338
V/V
1,082,909
+
39.4
■"•'■■V
4,972,708
1.4
1,048,412
4,927,011
225,644,539
(7 cities)
3,455,914
4,900,847
Helena
50,460,582
1,509,629
Dakota—Aberdeen
Montana—Billings
Total
41,049,498
—
3,579,366
1,834,116
Dakota—Fargo
South
125,319,321
+ 15.2
3,083,308
"■•91,264,732
3,787,703
3.5
3,808,516
157,683,956
58,123,400
Paul
North
6.8
3,550,684
152,146,497
Minnesota—Duluth
222,903,029
1.2
180,538,276
4.6
167,643
—
+
2,814,548
\
917.898
879,253
3,083,874
136,991,607
'
•
Tenth Federal Reserve District—Kansas
City—
172,140
180,532
—
8.9
227,410
+ 17.8
+
6.4
0.7
2,401,246
+,29.5
5,745,411
3,642,512
Omana
76,265,790
72,609,879
3,159,324
3,181,887
9,140,243
7,056,452
232,560,082
194,063,414
+ 19.8
5,965,575
5,970,725
Missouri—Kansas
St.
City
'134,596
'
74,535,780
—
266,209
4,292,351
WichitaL
117,896
f-J'if.
4,051,610
+
*290,000
Lincoln
2,762,682
:
"u
-*
4,658,153
132,607,538
185,146,255
-
2,649,466
.
}
"
3,865,278
929,760
698,533
+
33.1
929,005
733,974
+ 33.0
661,610
m557,298
333,704,270
Joseph
Colorado—Colorado Springs-
5,419,669
803,461
288,404,117
+ 15.7
279,160,095
r'l9f,646,935
rwnatminM
Pueblo
Total (10 cities)
0.1
—
T602,517
j
'
•'
"
";;'"';Y
Eleventh Federal Reserve District—Dallas—
7.7
3,610,999
2,583,985
+ 24.8
109,878,935
81,985,607
21.1
9,910,422
3,049,334
3,304,068
147,676,000
118,334,000
14,517,914
11,989,676
mnrr.nil^r1t
3,732,000
2,644,000
+ 41.1
11,889,082
2,752,000
-rr-nviMrrrmmt mg
1,559,352
1,368,155
+ 14.0
1,200,243
5,712,651
5,220,580
+
176,247,251
142,860,479
Texas—Austin
357,888,414
.
1,965,139
!,"■» '''j.""
•
3,596,197
5,438,400
0.4
3,852,477
•
726,088
16,029,359
+
+ 20.7
'
17,756,900
568,325
.
2,946,155
2,708,396
'*•
20,6qY"800'"
Hampshire—Manchester
?. $
2.0
925,080
'
t-Y;;'1.230,356
4,877,454
Kansas—Topeka
591,477
2.5
—
3,087,103
Island—Providence
1,302,893
14.6
Hastings
1942
1943
1,016,142
Haven
for the
March 24
347,414,661
Bedford
New
for each city
3,026,136
Connecticut—Hartford
6,747,591,897
3,537,014,548
v+.y
Lowell-—
New
.
378,167,988
River
Rhode
...
9,051,827,875
4,302,888,857
+ 9.5
Inc. or
1944
774,170
Portland———————
398,000,589
2.5
+
,
j.
Nebraska—Fremont
$
Massachusetts—Boston
New
+13.4
+10.5
+ 8.3
District—Boston—
Maine—Bangor
Fall
+ 5.6
Week Ended
.1945
:
YY
First Federal Reserve
:
1943
1942
$
$.
407,100,212
357,888,414
4,899,688,160 > 3,335,589,423
622,887,297
565,614,667
586,481,307
468,960,053
251,739,909
211,678,353
358,690,997
282,397,532
571,475,932
501,817,761
263,552,173
220,831,765
180,538,276
136,991,607
279,160,095
191,646,935
133,633,945
101,824,841
496,879,572
372,350,546
showing the figures
for four years:
"
Clearings at—
10,119,405,694
4,616,387,518
11,078,713,906
111 cities
Total
,
0.4
—
445,471,691
—
*
Decatur—
Total
1944
Inc. or
$
Dec. %
396,885,957 + 8.8
5,670,480,515
+ 9.4
1945
:;.A
YYS"'Y.f-
Week Ended March 24—
+
1,692,443
5,295,781
Chicago
,<
«*■"'
BANK CLEARINGS v
SUMMARY OF
Federal
Federal Reserve Districts:
482,965,215
5,867,896
Springfield
I
1,650,807
Peoria
Rockford
15.9%.
Dallas
Fort Worth
Galveston..
Wichita
^
Falls
Louisiana—Shreveport
—
+
2,233,000
9.4
4,302,686
1,041,645
4,070,162
+ 23.4
133,633,945
101,824,841
*
Total
cities)—
(12
.
■
'
'-!■ -A '
-
•»'
*S:l
—
———
i
Elmira
Vnrk
...
\
5,270,073
+ 54.1
5,342,165
4,372,067
1,981.398
1,181,651
+ 67.7
1,037,149
1,069,145
69,900,000
69,359,000
0.8
59,100,000
47,700,000
876,357
+ 14.6
1,105,927
902,390
935,641
fi,027,289,650
5,503,018,176
+
698,365
1,101,344
3,210,577,149
9.356,066
8,468,084
San
7,045,335
4,608,830
Santa
—24.0
332,920
—
+
0.2
6,664,109
6,004,022
14.9
247,786
265,664
24,430,632
22,879,161
39,968,991
+
6.201,401,008
5,670,480,515
+
23,696,327
+ 10.8
41,158,593
Newark
Total
(12
New Jersey
cities)
^
■
,t
3.0
31,199,659
9.4
NHMHWlVHblMV
+ 32.7
1,053,757
30,500,818
12,401,264
9,783,466
+
12.7
+
32.5
+ 17.8
—
0.1
30,436,597
8,582,951
.2,769,814
259,323,732
4,927,943
Jose
Barbara
Stockton.
Tntfll
110
J
4,480,544
1,679,076
+
39.4
+
17.7
3,824,177
1,048,369
4,895,901
4,332,368
+
13.0
3,505,072
575,760,226
.
274,818,000
1,976,177
..
3,720,031
325,619,000
t
Francisco
496,696,738
15.9
496,879,572
+ 18.5
+
;
,Y "63,119,892
Y 21,174,132
Yu 6,014,544
;
,
-
3,008,031
201,214,000
"
2,702,451
1,198,945
2,615,320
372,350,546
ritiPR)
11,078,713,906
\jrrdllu
Outside
3,335.589.423
70,249,4*74
1,665,203
84,659,344
6.245,600
Pasadena
San
rtron/1 Tnfal
4,839,688,160
J
|
101,064,313
1,913,619
74,411,429
2,539,687
ii
+ 11.3
30,470,528
City
19,321,069
36,455,913
'*
Northern
91,051,387
87,659,593
—
California—Long Beach
4,748,939,018
8,760,601
7,617,771
Yakima
Utah—Salt Lake
Francisco103,024,533
Oregon—Portland
9.5
+
10,280,173
382,591
Jersey—Montclair
Twelfth Federal Reserve District—San
Washington—Seattle
+ 10.9
+ 13.6
7,600,387
Connecticut—Stamford
"A
y.t'
6,660,868
Syracuse
(6 cities)
"
11,677,104
Rochester
New
'■
1,023,937
Jamestown
Kew
■
1,275,144
;
Buffalo
Total
8,020,704
York—Albany.
Blnghamton
8.8
J-T;
Second Federal Reserve District—New York—
New
+
•!
AUvWl
10,119,405,694
+
9.5
9,051,827,875
6,747,591,897
6
M11 HHps!
\i.A*
New York
•Estimated
-
.rT,,,rt,„
5,051,424,256
4,616,387,518
+
9.4
4,302,888,857
3,537,014,548
THE COMMERCIAL & FINANCIAL CHRONICLE
1462
Monday, April 2, 1945
Company and Issue—
of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate jOr cable transfers in the different countries of the
world.
We give below a record for the week just passed^
RATES
EXCHANGE
CERTIFIED
BY
RESERVE BANK
FEDERAL
Pag*
1205
Liquid Carbonic Corp.',"4%%
Litchfield
Pursuant to the requirements of Section 522 of the Tariff Act
FOREIGN
Date
preferred stock, series A„Apf 14
Ry., 1st mtge. 5s, due 1959
May 1
Louisville Transmission Corp., 1st mtge. bonds due
1967_May 1
Macy IR. H.) & Co., Inc., 2'/2% debentures due 1952
May 1
Michigan State College of Agriculture & Applied Science—
Foreign Exchange
TREASURY
TO
UNDER
TARIFF
ACT
OF
&
Madison
Auditorium
bonds,
Gymnasium
1930
series I—
Field House Bonds,
and
Minnesota
MARCH
V
23, 1945 TO MARCH 2S, 1945, INCLUSIVE
dated
1,
'
^
|
Transfer
June
National
Noon
Country and Monetary Unit
Buying Rate for Cable Transfers
United
In
Value
due
In New York
States Money,
'
Mar. 24
Official
:
.297733*
i-
Free
$
$
.297733*
.251247*
Australia, pound
Mar. 27
$
Argentina, peso—
Mar. 26
3.228000
<.
Mar. 29
„•
$
®
t
.297733*
v,
.251247*
.297733*
-1.297733*
.251247*
<:! .251247*
3.228000
3.228C00
3.228000
Mar. 28
.251247*
.297733*
,
.251247*
3.228000
3.228000
Brazil, cruzeiro—
Official
Free
.051802*
.060602*
.051802*
.060602*
.051802*
.060602*
.051802*
.060602*
.051802*
'4 .060602*
\ .051802*
%
Canada, dollar—
Official
.909090
Free
.909090
.900781
.909090
.909090
,
3.909090
.909090
•
.901250
.900625
.900625 *
.569800*
England, pound sterling—
India (British), rupee
.901875
.569800*
.569800*
.569800*
4.035000
,.901250
.569800*
4.035000
4.035000
4.035000
;.569800*
4.035000
4.035000
'
.301215
Official
.301215
.301215
.301215
.205820
Mexico, peso
Newfoundland, dollar—
.205820
.205820
.205820
.205820
.301215
-
;.301215
-
1.205820
■
Union of South Africa,
pound
.909090
.909090
.909090
.909 (WO
.898125
.898125
.898750
.899375
3.244203
pound
3.244203
3.244203
3.244203
3,244203' > '
3-244203
3.980000
3.980000
3.980000
3.980000
3.980000
Uruguay, peso—
Controlled--
3.980000
,
.541966*.
-
.909090
1
-
.898750
•
.658300*
.658300*
Noncon trolled
■"'%
1962
de
5%
.658300*
.658300*
.658300*
.541966*
.541966*
.541966*
.541966*
V
A .658300*
!
.541966*
,
Increase ( + )
'
Mar.
Assets—
Ctold certificates
on
Mar. 21,
28,
1945
hand and
due from U. S. Treasury
or Decrease
(—) Since
_
Mar.
1945
17,618,265
—
'
iy:] v'H
-iy}/rDeposits credited to domestic banks declined $47,000,City, $18,000,000 in the Atlanta District,
$15,000,000 in the St. Louis District, and $112,000,000 at
all reporting member banks.?
; i
A summary of the assets and liabilities of reporting
000 in New York
;
thousands of dollars)
States Government deposits declined in all but two dis¬
tricts.
29,
;,
1944
22,500
member banks follows:
'
(In millions of
—1,516,060
"
*
dollars)
1
'
Redemption fund—F. R. notes..
645,182
Other cash
256,047
—
1,515
354,647
+
-i
and
3,683
—
61,722
Mar. 21,
t
'—
27,698
217,599
+
25,045
3,950
+
24
18,519,494,
Total reserves
Discounts and advances
—1,223,135
134,671
+
Assets—
—
6,026
U. S. Govt, securities:
11,915,624
+
32,041
5,410,511
1,061,350
1,128,152
Certificates
Bonds
+
5,182,248
2,459,171
+
5~000
—
3,920
—
99,914
323,315
11,284
—135
industrial,
Commercial,
Total loans and securities—
+
19,737,186
23,121
48,190
+
90,033
+
1,883,782
—
Bank premises
55,241
Total assets
40,320,203
6,067
+'M01,93Q
+
19
—
1,003
—
—
62S
5,897
6,226,759
+
Federal Reserve notes
22,262,607
+
7,058
+
4,763,905
+
2,251,839
443,229
Deposits;
Member bank—reserve acct—
14,305,083
U. S. Treasurer—gen. acct—
Foreign
—273,450
309,858
+
1,185,819
191,252
Other
Total deposits
'■»—
213,735
—
44,003
—
25,652
Total liabilities—
+
—103,359
+
123,845
341
+
1,921
9,930
+
—225,330
Burplus (Section 13b)
+
+
1,268,173
6,157,844
3,475
12
+
131
—
54
+
151
18,136
; —223,348
+
1,277
-
.1%
—
.
*
+
338
—
7,690
The condition statement of weekly
reporting member
banks of the Federal Reserve System in 101
leading
following principal changes for the
week ended MarchJH: Decreases of
$135,000,000 in loans,
$136,000,000 in United States Government deposits, and
$112,000,000 in deposits credited to domestic banks.
the
declined $54,000,000, largely in New York
*'
Holdings of Treasury bills increased $33,000,000 in the
Francisco District, $28,000,000 in the
Philadelphia
District, and $22,000,000 at all reporting member banks,
and declined $38,000,000 in the Chicago District.
Hold¬
ings of Treasury certificates of indebtedness declined
$26,000,000 in the Cleveland District, $21,000,000 in the
Kansas City District, and $66,000,000 at all
reporting
member banks.
Holdings of United States Government
San
v. ; + 2,555
secur¬
000,000 at all reporting member banks.
Demand deposits adjusted declined $100,000,000 in the
Chicago District, $43,000,000 in the Kansas City District,
and $50,000,000 at all reporting Member banks, and in¬
at
all
Time
$29,000,000 in New York City and
reporting
member
banks.
+4,310
332
—
;+
76
+
28
+116
+1,232
Cash in vault
594
—
25
+
Liabilities—
—
59
+
85
37,585
"
■
—
*
V'
+ 4,725
+ >51
+ 1,727
9,389
'v...,
deposits
V—136
—1,104
Domestic banks
deposit
U.
accounts
S.
Gov't
788
+
+
6-
+
+
'
3
87
+
'v +
except
'
137
Notices
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."
TENDER
->
Leeds &
Omaha
Co.,'3V2% bonds.
Bluffs' Street Ry., 1st
Lippincott
&
Council
gold bonds,
Date
dated
1902
Company and Issue—
Acadia
United
—
;ENTIRE
&
Charlotte
Air
989
-
-•
Apr
7
992
Date
„
Line
mtge.
1st
3Vis,
mtge.
ser.
3%s
1
1
*
May
1
-V
A,
due
;
Blackstone Valley Gas & Electric Co., 1st
mtge. & collat.
trust 3s, due 1973—
'
.
..
May 1
Creek RR., 1st
mtge. 3%s, ser. A, due~1965—_May 1
Chesapeake & Ohio Ry., ref. &.improvI
mtge. 3'/a%
bonds, series D, due 1996
i
May 1
Cleveland Union Terminals
Co., 1st mtge. 5y2s, series A_Apr
1
Collins <fc -Aikman Corp., convertible
preferred stock
May 10
" 0
>'•
.
Power
Co.—
general mortgage 33/4S, series A, due 1965
Apr
Davenport Hosiery Mills, Inc., 7% cum. conv.
pfd. stk._Apr
due
Missabe
&
Iron
Range
Ry.,
1962
1st
mtge.
1
Apr
Lehigh
&
&
Navigation
bonds
New
Co.,
4%
fund.
&
improve.
due
983
1
*
?
gen.
—_May
1
•
;';
'
~
'
1963.ii____—„____l'______l_Apr
30
mtge.
bonds
Lincoln-Boyle Ice Co., 1st mortgage 6s, series A
'
Apr 30
1st mtge. 5s,
•
-
^
•
1
: r
+V
'
562'
Atlantic Coast Line RR
Co. Louisville &
Nashville, colbonds, due 1952—I—
*_.May
Plywood Corp., convertible preferred stock—
May
Buck Hill Falls Co., 1st
mortgage 4s, dated 1940—.—Apr
Certain-teed Products Corp.,
20-yr.-debentures, ser. A.
lateral 4%.
1948—
1
1311'
563
1
1092'
-
.
_Apr
19
Iron
1312
1
982f
1
;
566
-
July
Water
&
Power
Corp.,
preferred
U
1
1
Co., 5 % inc. mtge. bonds due 1970-Apr
DiGiorgio Fruit Corp., 1% preferred stock
July
Eastern Oregon Light & Power
Co., ref. and first collat. •
mtge. 5'/o bonds, series B
Gas
Corp., 5*/*%
7 %
debs., due
preferred
and
A
Eastern Ry. Co.
1st mortgage
of
984
1
1094
1%
:
Apr 25
§
-
*
*
■.
\£-:' .'v.
Minnesota, Northern Division—
bonds, due 1948—
Hajoca Corp., preferred stock
Holeproof Hosiery Co., Preferred
1
May
1954
series
stocks-
Georgia Power & Light Co., $6 preferred stock
Great Northern Ry.—
Apr
*1526
1
Apr 30
•;
Apr
10
%,
Corp., 1st mtge. 5s due 1958—.—Apr
Iowa Electric Co., 4% serial notes due
1945, 1946——Apr
Keystone Printing Service of Libertyville,
III, 1st mtge.
19
Apr
16
•
1
989
9
671
stock
Interstate Bakeries
6s
due
'
1947.
1950
—
_______
bonds, ser. B, due 2003
*
988
1
.Apr
bonds, ser. C, due 2003—
..Apr
bonds, ser. D, due 2003
Apr
Marion Steam Shovel Co., 1st
mortgage 6s due 1947——Apr
Metropolitan Edison Co.—
'
'f
1
1319 ''
1
1st & ref. mtge. 4V2%
1st & ref. mtge. 4%
1st
mortgage 4% bonds, series E, due 1971
bonds, series G, due 1965
York, Chicago & St. Louis RR.—
465
465 "'
1
*
1093
,
1096
Apr
2
*2075
2
*2075
mtge. 5V2% bonds, ser. A, due 1974.—
Apr
Toledo, St. Louis & West. RR., 1st. mtge. 4s, due 1950_Oct
Acceptance Carp. 1% preferred stock. May
Northern Pennsylvania Power Co.—.
v
1
+
313
1
North American
313
1
*
,
and
ref.
1st
and
ref.
mortgage 5s due
1962_________________Apr
11
mortgage 5s, series A, due 1956
Jun
Pennsylvania RR., 40-yr. 4Vk% deb. bonds, due
1970—Apr
Pere Marquette
Ry.—■
1246
-•
1
1246
1
572
May 11
1247
(
—May 11
1247
May 11
1247
Apr
5s, due 1950
due 1951___
1100
5
212
&
4
V2S,
due
1967—
1247
__;
;
1028
1094
*
987
Apr
1
1
607
1
1029
1
*
Struthers
Wells
Struthers
1949
Corp.—
Wells-Titusville
Corp.,
1st
5V2S,
mtge.
1028
due
—
Apr
1
Co., series B deferred bondS_l
I_l__'
—Apr
2
Tri-Continental Corp., 5% conv. debs., ser.
A, due 1953_Apr 16
Wabash RR., 1st mtge. 4s, series
A, due 1971
Apr
1
.Washington Ry. & Electric
—
Swan
v'
608
mortgage 4s. due 1951
West Virginia Water Service
Co.,
774
:
775
Jun
1
preferred stock
Apr
West Virginia Water Service Co., 1st
mtge. 4s, due 1961—Apr
Western Utilities Corp., 6%
1
1139
23
1361
6
J251
notes,
due
$in
1952_—____-__Apr
volume
160.
V
609
fUpon presentation.
DIVIDENDS
Dividends
are
grouped in two separate tables.
In the
first we bring together all the dividends
announced the
current week.
Then we follow with a second table in
which we show the dividends
previously announced, but
which have not yet been
paid.
Further details and rec¬
ord of past dividend
payments in many cases are given
under the company name in our "General
Corporation
and
Investment News Department"
in the week
The dividends announced this week
when
are:
Industrial and Miscellaneous Companies
;
:
,
.
—
Fuel
&
Iron Co.
Amalgamated Sugar,
American
*
939
5%
~
-
'
-
-
i.___—"
"
:
When
'
25c—
25c
Holder*
Payable
5-
"of Ree.
1
4-13
(irregular;__
—■
preferred (quar.)-.i.
Fidelity & Casualty Co., Inc. ( quar.)
American Fruit Growers———,
~
American Maize-Products Co. (quar.)-
1
1319
___Apr
1
1205
Apollo Steel Co
4-16
4-
2
25c
—
—Apr
dated
Share
—
Airplane & Marine Instrument
1204
i
Per
.
Company
Adams-Millis Corp.
1__
Air. Reduction Co.; (quar.i
Extra
1095
4
1
1138
Co.-—f
Consol.
Alabama
,
"
*
bonds, due 1957_i
-July
Southern Utah Power
Co., 1st mtge. 5!/2S, due 1960
May
Springfield Gas & Eiec. Co., 1st mtge. 5s ser. A, due
'57_May
South' Carolina Power Co.—
1st lien & ref. mtge. 5%
Name of
1094
'
465
1
May
1st mortgage 4%
New
>
1
July
Louisville & Nashville RR,—
1st & ref. mtge. 5%
1317
1095
'
1
Kingston Elevator Co., Ltd., first mtge. 6s due
1950—May
Kresge Foundation, 3%'collat. trust notes, due
1950—.Apr
Los Angeles Pacific Co., 1st ref.
mtge. 4% bonds, due
984
4
juiy
RR.,
*
'
trust
American Safety Razor
American Smelting & Refining Co., common7Vc 1st preferred (quar.)
__
England
1030
1031
3'/2s,
>
May
Coal
1
1
1199
.
1
_
mortgage
Apr
May
B, «"■
declared.
Aikman Corp., 5% conv.
preferred stock
—May 10
Evangelical Mission Covenant Church of America—
1st mortgage serial bonds dated
1941
1
May 15
Gatineau Power Co., 1st
iptge. 3%s, series B, due 1969_Apr
1
Georgia Power & Light C6., 1st mtge. 5s, due
1978—-May 1
Helvetia Coal Mining Co.. 1st
mtge. 5s, due 1958
Apr
1
Kansas-Nebraska Natural Gas Co.—
1st mortgage 4s serifes A,
B, and C
Apr- 1
Katz Drug Co., 4% debentures due
1959
Apr
1
Kentucky Ohio Gas Co., 6% mtge. bonds, due 1950
Lehigh
*
4
667
v
1st and
Duluth,
-
*
Buffalo
Connecticut
1139
—
Railways Corp.—
debentures
collateral
665
May
Ry.,
3
Page
Apr
.
1963
Apr
ser.
ISSUES CALLED
^Announcement in this issue.:
1st
1138
-stock—.—___„______May 31
Ltd., 1st and ref. 5s, due 1966
& Tube Co.,
1st mtge. 3V4S,
Ltd.—
1st mortgage 4 V2%, due 1955
Great Southern RR.r
due 1967——
Atlanta
mtge.
_
'
Alabama
1
—
REDEMPTION
,
Sugar Refining Co.,
Page
Apr ~7 *.
consol.
__
•
____Apr
Atlas
trust
:
those
OF
1360
May" 1
RR., 1st consol. mtge. '3Vis,
July 1
Gamble, 5% preferred stock_„
—Jun 15
Paper Co., Ltd., 1st mtge. bonds, series
A_____Apr
3
Sayre Electric Co., 1st mtge. 5s due 1947-,-—
Apr- 1
Shawinigan Water & Power Co., 1st mtge. and collat.
of corporate bonds, notes,
stocks called for redemption,
NOTICES
-
Rolland
list
Company and Issue—
•
3^4$,
Apr
1st
Redemption Calls and Sinking Fund
common
pipeline
I due '1949
Procter
and
1961-Jun; 1
*2654
Portland
a
1028
•>
—_,_Apr
mortgage 5(/o bonds, series A, due 1956
1st mortgage 4 % bonds,'series
B, due 1956
1st mortgage 4*4 %
bonds, series C, due 1980
Portland General Electric
Co., 1st mtge.
:
accounts,
14,501
Below will be found
1
*
A
ser.
A, due
ser.
mtge.
I960——r
1st
—112
936
206
and
3:,4s,
bonds
:
Anacostia & Potomac River Rail Road
Co.,
-.-.V-'
9,123
Foreign banks
Borrowings
demand
240
Apr
Ref.
50
8,134
Interbank deposits:
•
1
•
ser. A, due 1956 Apr, 1
& Sons, $4.25 preferred stock, series B—May
1
Youngstown Sheet
4»/2%
1
...
1029
Windsor Gas Co.,
AV2%
883
1099
1
Ltd.,
1st mtge. 5s due 1956
Utah Power & Light Co., 1st
mtge. 3%s, due 1968.
Wilson > & Co., Inc., $6 preferred
45
2,159
Balances with domestic banks
1935
$51,000,000
140
+
7
—
59
+
9,753
Reserve with Federal Reserve Banks—
to
2
28
+
338
41
2
—
Collins &
ities" increased $72,000,000 in New York
City and $76,-
creased $71,000,000 in the San Francisco District.
—J.228
66
—
—
;
3,013
PARTIAL
Commercial, industrial and agricultural loans declined
$20,000,000 in New York City and $31,000,000 at all re¬
porting member banks.
Loans to brokers and dealers
for purchasing or carrying United States Government
obligations declined $35,000,000 and other loans for the
Holdings of "other
22
7,430
;
12.9 %
Condition Statement of Member Banks
bonds increased $28,000,000.
14
+
22,314
including
s
—
11,432
_
Obligations guaranteed by U. S. Government
6,226,759
+
13
200
+
^
1
—
2,260
Other loans
Treasury bills.*
Treasury certificates of indebtedness
Treasury notes
Debits
+46
+1
—
57
preferred
deposits increased
+
40,056
1,855
indus¬
trial loans
purpose
20
10,523
+
mmm'
+
40,320,203
48.4%
+
+
27,165
86,211
F. R. note liabilities combined
127
♦
Ratio of total
same
—
1,041
during week
167,110
228,153
Other capital accounts
City.
35
770
Demand deposits-adjusted
Capital Accounts—
shows
—
347
Co.,
United Steel Corp., Ltd.,
American
•,
V
May
Power
Superior Oil Co., 3'/2'4 debentures due 1956—
Tampa Gas Co., 1st mtge. 5Vs8 due 1956
?
215
pur¬
__
Time deposits
U. S. Government
—129,370
Capital paid in
Burplus (Section 7)
cities
—
Loans to banks
interbank
make
31
Other securities
Real estate loans
378,568
1,547,015
39,811,564
Total liabilities & cap. accts._
res. to deposit &
—
889
for
obligations
161,869
—
—
15,992,012
Deferred availability items
Other liabs., incl. accrd. divs—
dealers
Other loans for purchasing or carrying:
U. S. Government obligations
Other securities
Liabilities-
109
748
and
U.S. bonds
—223,348
■
20
7,669
+
—250,891
34,351
Other assets—
—
-
+
chasing or carrying:
+7,346,835
4
116
Due from foreign banks
F. R. notes of other banks
7,218,190
+
'
6,155
brokers
Other securities
19,515,637
(incl. guar, sec.)
+5,670
84
agricultural
and
loans
to
•
1098
1
Florida
$
—
Loans
5s,
—
&
i
Federal
1944
'V
$
58,071
Total U. S. Govt, securities
to
1945
:;;
$
..
.
trust
.'4 due 1956 i__
Springfield City Water Co., 1st mtge. 4s,
due
Mar. 22,
Mar. 14,
Loans and investments—total
U. S. Government
Commitments
1945'
Loans—total
Industrial loans
Uncollected Items
'
•
1963
Light
B
Colorado Fuel &
Increase (+) or
Decrease (—) Since
,
■
—
collat.
.
i
1
•
Tramway,
San Jose Water Works, 1st mtge.
Southern
Natural
Gas
Co., 1st
.
(In
lien
May
debentures due
■
,
1245,
1^ '
Jun
bonds..
mtge.
due
Reserve Banks Combined
1st
1245*
.—I—.
—
Saguenay Power Co., Ltd., 1st mtge. 4*4% bonds,
•Nominal rata.
Statement of Condition of the 12 Federal
Corp.,
1
1
—?
Janeiro
Squibb (E. R.)
.909090
.898333
New Zealand,
Electric
I
coupon
—
20-year 3io
Rio
'
Colombia, peso
1936——
Apr
.—Apr
bonds
_
series
3%%
mtge.
_May 1
1st mtge. conv. bonds dated 1935-May 1
Northwestern Utilities, Inc., 1st mtge. 4'/2s, series A
Jun
1
Oklahoma Natural Gas Co.—
.V".V
V:
1st mortgage 27/eet>
bonds, due 1961
.Apr
1
Patterson (Joseph M.) & Co., Inc.—'•
-:"V
6% debentures bonds due 1960
.'—Apr
6
Philip Morris & Co. Ltd., Inc., 20-yr. Z'/o debentures
due
;
.060602*
&
1st
•
»
Northern Utilities Co.,
—————
Mar. 23
Gas
1953
____
Ry.,
989
4-16
4-
2
7V2C
3-31
3-24
.*
20c
4-
2
12V2c
5-
t
15c
4-10
25c
25c
4-12
3-22
.
4-14
3-28
4-
4
4-16
4-
75c
5-15
4-20
50c
5-31
5-
4
$1.75
4-30
4-
6
4-
3-24
25c
"
2
3
Volume
Inc.
Yards
Steel
Corp.
<C.)
Brewer
New
York Telephone Co.
4-21
4-14
Newberry (J. J.) Realty, 6% pfd. B (quar.)_
6V2% preferred A (quar.)
t25c
6- 1
4-30
Niagara Fire Insurance (irregular)
$1
4-
Norfolk & Western
Co., adj. pfd. (quar.)
$1
5-10
Acceptance, Class A
Co., 7% prior pfd! (quar.)_
2%c
$1.75
4-
4-14
5- 7
4-20
4- 2.
4- 2
3-23
433Ac
$15c
16c
$1
(quar.)____
(quar.).,
(quar.)_
(irregular)
& Co.
6
17%c
!—-
Property Trust
Stock
Bourbon
Brainard
New
20c
12%c
,
______—
Hats, Ltd, (quar.)
Personal
Boston
(quar.t
New
5-
(quar.)—____——
Associates,
Biltmore
4
3-30
6- 1
4- 2
4-14
—
15c
$1.50
—
________
3
4-20
North
American
3-31
North
Penn Gas
2
North
River
"
4-
Northern
3-22
6%
preferred (quar.)
6%
preferred
L
Brooklyn Union Gas Co
Castings,
Buckeye Steel
6%
preferred
Carborundum
4%%
Oil
Common
Telephone, $2.50 pfd. (initial quar.)
'Chamber
of
Commerce Bldg.,
Cleveland Union
Clinton
Stock
Trust Co.
Coca-Cola
Bottling
Columbia
Y.)
(N.
7%
(quar.)
preferred
(quar.)
Corp.
Commodity
Commonwealth
Connecticut
._
--
_____
__
$5 pfd. (quar.)—
pfd. iquar.)__
Telephone.
6%
River
Power,
Consolidated
Car
Heating
Consolidated
'
259
$1,75
9c
$1.25
Natural Gas
Inc
Co.,
'
Darling,'Stores, 6%
Davidson
De
7%
Inc
Bros.,
Vilbiss
Co.,
Power
Dixie Home Stores
___________—sz' ;■
Co
Dominion Malting Co., Ltd.—
5%
preferred iquar.)___
____
Dover & Rockaway RR. 1 s-a> _——
.
Dwight
Airlines
Co.__—___:
Manufacturing
Eastern
Eastern
(initial
s-ai
(increased 1
Corp.
Bond & Share,
$6 preferred (quar.)
Products Consolidated
Wash.)
4-
3-21
3-28
Proprietary Mines, Ltd
preferred
$6
7%
preferred
(accum.)
Co.,
67c
12 %c
A__
15c
,
'
15c
G'.i
preferred
$5
(H.
Green
Hajoca
preferred
6%
Corp.,
Hartford
Electric
Steam
Light
___.
(quar.)___
Boiler Insp. & Ins.Co.
Industries, Inc
Company, common
4'A%
preferred (quar.)
Powder Co.,
Hershey Chocolate
$4
6%
pfd. (quar.)
Corp.,"com. (quar.)
convertible preferred
Oil
Home
Hook
Horn
(quar.)
Hardart
&
(quar.)__
(interim)
Ltd.
Co.,
Drugs
Hutchinson
Y.)
(N.
Accumulated
Illinois
Zinc
(Toronto,
pfd.
(s-a)
$1.50
___
Co.
of
Ocean
(quar.)
preferred
Telegraph, $6
<quar.)__
(Bridgeport,
Mortgage Co.
Service
Johnson
:
Stephens & Shinkle Shoe
Sugar Plantation...
Kahuku
Kalamazoo Stove & Furnace
_____
.
(quar.)
-
____
preferred (quar.r__;!_;__Keyes Fibre, G'/c prior preferred (quar.)
Krueger (G.) Brewing Co._____
Lane Bryant, Inc.. 7%
preferred (quar.)___
Lane
Company
(irregulart________________
Lebanon Valley Gas Co.,"6#
pfd. (quar.)—
$1.25
31'Ac
conv.
$1.50
12 %c
$1.75
25c
75c
$1.25
5c
50c
$1.62%
55c
Water
Lennox
(quar.) ____________________
Lincoln Park Industries -(initial quar.)
Link
Belt
6%%
Co.,
preferred
Electric
Lowell
(quar.)
common
(quar.)
Corp
Light
—_—_
Luzerne
County Gas & Electric Corp.—
5(4% preferred (quar.):
Marshall
Field
Massachusetts
&
Co.
(quar.)
1
5%
4-20
$1.31(4
20c
/
_________
Utilities Associates— ~
.
...
„
4-16
4-16
3-31
5-10
4-20
Fork
American
4-10
3-30
6-15
6-
4-
2
3-24
4-
2
3-24
3-24
4-
$1.25
3-31
(J.
H.)
Co.,
6-14
4-
Southeastern Investment Trust
6-14
3
4-19
American
Hydraulics,
3-31
3-22
American
Insurance
3-30
3-20
$2
4-2
3-26
American
4-2
3-26
5%
$1
4-
2
3-26
$2
$1.50
4-
3-26
5-15
4-20
371/2C
4-14
3-31
37 %c
4-14
3-31
& Bros., pfd, (initial s-a) u.
$1.12%
4-20
2
3-24
Spalding (A. G.)
4
3-27
Standard
4-20
Products
Texamerica
7%
3-20
3-20
4-16
American
4-10
3-23
4-16
4-10
>6
Tintic
Standard
4-
2
3-24
$1.75
4-
2
3-24
50c
4-
2
3-20
ioc
5-
1
4-13
American States Insurance Co.
20c
5-
1
4-13
37 %c
3-31
3-20
American Stores
25c
5-10
4-10
American Sugar
75c
3-31
3-21
American
$37c
Mining Cd
4-14
3-26
United Corporations,
5-15
4-14
4-
6
4-
9
4-19
:
4-
9
'5-
4
4-25
4-25
4-10
3-22
4-11
3-26
4-16
4-16
5-
1
3-31
3-15
3-15
3-20
3-19
.!
3-27
5-23
4-18
3-20
3-24
4-
7
3-31
4-15
4- 2
4-16
5- 1
3-26
4-
9
4-16
3-24
4- 2
5- 1
4- 2
4-30
4-13
1
5-28
A5-T5
4-25
3-531
3-23
,6-f
U. S. Hoffman Machinery Corp.—
68 %c
preferred (quar.)
of America
Refining & Chemical—..
Weinberger Drug Stores (quar.)—
Western Brewereis, Ltd. (irregularis
Western Commonwealth Corp., Cl. A (irreg.)
Upson Co., 7%
Vanadium
5-
1
$1.75
convertible preferred (quar.)
5V2%
4-
3-30
4-13
5-
1
8-15
8-
1
Apex Electrical
11-15
11-
1
7%
Arcade
Cotton
6%
preferred
75c
—
"Whiting Corp.
Wico
Will
6%
Electric,
&
8%
preferred
A
preferred
1
5-
1
8-
1
11-15
11-
1
(s-a)
______
Co., Inc., $5 pfd. (quar.)—
Arkansas Natural Gas. 6% pfd. (accum.)___
2-
1
Arkansas
30c
5#
preferred
fquar.)
Munising Faper Co.,
57c
1st
Nashua
77c
preferred
common
(quar.)
Class C preferred
Motor
Bearing
preferred
National
Screw
National Tea,
&
(quar.)
Co., Inc.—
(quar.)
5(4%
preferred.
Paper Co
Bloomfield RR
(s-a)
1
$1.75
4-20
4- 2
/
3-22
•
.
Art
3-26
4-
2
3-27
4-15
3-31
1
4-14
3-26
3-21
20c
4-30
4-16
5%
preferred
6%
Corp. (quar.)
Associated Electrical Industries,
Arundel
(Ordinary)
(annual)
(quar.)__:
.
.
Corp._
—
1
4-15
5-
1
4-15
Automobile
5-
1
4-15
The list does not include divi¬
dends announced this week, these being given in the
preceding table.
weeks and not yet paid.
Company,
(Hartford,
Co.
Insur.
!—
Co.,
•———
preferred A 1924
6%
preferred
(quar.)______„
Building, Inc., com. vtc.
BancOhio
(quar.)__
(quar.)
Corp.
—
(increased)
a
Bangor & Aroostook RR., 5% pfd. (accum.)—
Dividend No. 30 (Apr. 1 to June 30, 1944)
and
Industrial
Miscellaneous
■>.-■!
Now
7%
.
Fund
on
a
When
Per
•"
Name of
Share
Company
3c
(quar.)
J30c
Payable
Holders
of Rec.
2
4-16
4-
4-10
4-2
4- 2
4- 2
4- 2
3-22
4-20
6- 1
Bank
3-
Bankers
3
3-15
3-
3
4-
9
4-30
J$l.75
4-2
2-28
44544-
3-15
Agricultural Insurance (Watertown, N. Y.)—
Alabama
Power
Co.,
preferred
5%
Canton
Alaska
preferred
$1.25
$1.50
(quar.)
(quar.)
&
Youngstown
Assn.
$1.75
1
RR.
*
(irreg.
3-20
4-13
3-
9
3-
9
Co.—
(s-a)
Vlcksburg Ry. Co.
Packers
8%c
(quar.)
(quar.)
preferred
Alabama &
$5
(s-a)_.
Trust
Bankers
Barker Bros.
(N.
Co.
$2.50
S3
(5)
4-2
4- 1
4- 2
3-15
3-
8
3-22
5%
&
$4.25
Beatty
Beech
15c
25c
4-12
4- 1
4- 2
4-13
6-23
e-00
4- 5
3-20
3-20
6-20
6-20
3-15
Corp.
(quar.)
(quar.)—
Ltd., Class A
(quar.)
Creek
RR.
(quar.)
$1.50
$1.75
$1.50
6-30
4- 2
4- 5
4- 2
4- 2
4- 1
25c
4-10
3-30
50c
25c
4- 2
' 3-: >
45c
,
3- 9
,,
3-15
3-15
!.,3-'"1
3-19
4- 2
'•
,
4-19
3-27
10c
4-16
3-2"
$1.50
$1.25
$1
$2
4- 2
4- 2
5- 1
4- 2
4-2
4- 5
3-24
3-15
U7%C
3-2C
3-20
u
,,
3-3
2-20
4-2
37%c
4- 2
4-1
,,
3-15
6-1
4-15
5-15
4- 2
" 3-15
4-14
5-31
4- 2
J
5-1
7c
7c
$1.50
$1.50
$1.25
20c
3-?1
5-lfi
3-22
.<
$1.25
$1.25
4- 1
4- 1
3-6
3-6
15c
$1.50
$1.75
25c
$3.50
4-20
4- 2
4- 2
4- 2
4-2
3-10
,
4- 2
4- 2
3-10
2-ir'
3-23
3-21
(quar.)
—
4- 2,
3-24
4-2
3-1
25c
68%c
40c
4- 2
4-1
4- 2
3-U
3-2]
3-1 ^
4- 2
.3-1^
$1
25c
4-2
4- 2
3"}'
3-11
4* 2
4-30
3"]^
4-1^
35c
(quar.)__
(quar.)
(quar.)_i_
Co., common
B
6-30
$1
$3
$1.25
$1-25
30c
_
—
com.
Creamery
Bros.,
Class
5- 1
7-6
7- 6
$1.37%
(quar.)_
preferred
(quar.)
(quar.)_—
common
preferred
Beatrice
$1.25
75c
$2.25
-
(quar.)
Lomb Optical Co.,
preferred
Baystate
3-15
35c
—__——
Y.)
Corp.___
Corp., 5%%
preferred
$5.50
Bausch
3-17
4- 2 \
(N. Y.)—
(quar.)
Asphalt
Barber
4- 2
(increased)75c
Y.)
Commercial Corp.
preferred
Bath Iron Works Corp—__——
75c
Quarterly
class A
(N.
Yorktown
of
6%
Bastian-Blessing,
?
(quar.)
Hydro-Electric Co., common—____
6%
preferred (quar.)___—^—_________—
7% preferred (quar.)___—_____________
Bank of Manhattan Co. (quar.)
Bank of New York (N. Y.)
(quar.)____:——
Bangor
3-16
quarterly dividend basis.
preferred
(July 1 to Sept. 30, 1944)
Dividend No. 31
Companies
$1.50
15c
25c
pfd. (quar.).
(monthly)
Mills
Monthly
6%
3-15
3-10
Conn.)—
—
& Sons Co., 6%
(B. F.)
Balfour
3-31
4-16
4- 2
7c
Quarterly
Baldwin
4-15
.
5-
give the dividends announced in previous
»•
r..
$1.25
10%
$31'AC
:j:37 %C
;
5-
Atlantic
3-15
2-13
3-..5*
$2.25
$1.50
Ltd.—
_________
Utilities
Public
_____
t20c
$$1.75
(initial quar.)___
we
$7
3-27
(accum.)
Monthly
Below
Akron
.4- 2
(quar,)_
(111.), $6 prior pfd.
Co.
Avondale
3-26
$1.50
(quar.)_.
Equipment Corp. (irregular)—________
Construction Co.
Avery
3-20
3-20
pfd.
$6
6% pfd. (quar.)____—_
6% cum. Class A preferred (accum.)_____
Atlantic Refining Co., 4% preferred; (quar.)
Atlas Thrift Plan Corp., 7% pfd. (quar.)—
Attleboro Gas Light Corp. (quar.)____
$1.12%
preferred (quar.)
preferred
5- 1
3-31
Light,
Metal
Associated
:
(quar.)>._:
common
$6
•
37J/2c
37V2c
13%c
50c
4- 2
4- 2
Aro
5
&
Power
&
Armour
5
4-
85c
——
(quar.)
Worsted Co.
Ahlberg Bearing,
Manufacturing Co._
Nekoosa-Edwards
Newark
—
3-31
4-20
Manufacturing Co.—
National
$1.50
—_
3-15
$2
(quar.)_____
Edison
preferred
$7
4-
2
Agnew-Surpass Shoe Stores, Ltd., common—
37V2c62%c
25c
25c
(q»iar.)___
4-15
4-
3-28
Y.)ju__—_
2
4-15 4-
•;!
30c
3-31
(N.
common
4-15
1
4-
30c
4-20
4-20
5- 1
5- 1
Bank
Power,
5-
$1.50
4- 2
Industrial
States
2-15-46
t25c
____
Ltd.,
common
2-
$1.25,
(Alex & James), 7% pfd. (accum. 1
Worcester Suburban Electric (irregular)
Zeller's,
Co.,
2-15-46
Arizona
4- 2
4- 2
4- 2
$1.75
$1.25
Wood
Wyandotte
Mills
common
8-15
Co., Inc.—
(quar.)_
Manufacturing,
(quar.)
preferred
5-15
:
Wisconsin Gas & Electric Co.—
4Vz7c>
5-15
75c
—
preferred
Candle
Baumer
'
2
3-25
2
$1.25
I
(quar.)
4-
$1.25
25c
Plan
Mountain
3-24
(irregular)__;_,_v
75c
4-
Affiliated
4-16
Inc.
3-16
6-- 1
3-16
3-15
3-15
Zinc Lead & Smelting Co.—
75c
(initial com.) (quar.)
3-26
4-16
20C
Common
3-31
4-15
.
American Wringer Co.,
(quar.)_______—______——
Pacific RR.
Common
3
4-14
&
(quar.
Common (quar.)
57c preferred A (initial quar.)__
5% preferred A (quar.)
—_—_
5% preferred A (quar.)_——_———
5% preferred A (quar.)__
Westminster Paper Co., Ltd. is-ai_—
White Villa Grocers, 6% preferred (quar.).
Western
4-i' 2
4-18
Morris
American
25c
5- 1
Class A (quar.)
3-30
J20c
$1.50
Moore Drop Forging,
3-15
4- 2
7- 1
4-20
4- 2
4- 2
.y
(quar._______________
Tel. Co. (quar.)__
American Tobacco, 6% preferred (quar.)___
American Water Works & Electric Co., Inc.—•
$G preferred (quar.)______^
—
preferred
Tel.
..
3-20
3-20
3-13*
3-13*
3-12
3-12
5-5
3-16
6-15
6- 5
9-15
9-5
12-15
12-15
4il4.3-35
30c
25c
$1.75
iquar.)
Refining, 7% pfd. (quar.)—
Telephone Co. (Abilene, Kansas)—
American
!-.,;• 4-5
4-15
5-
Co.
3-1
4- 2
4- 2
4- 2
4- 2
4- 1
4- 1
5-15
4- 2
(Indianapolis)
Quarterly
$5 conv. prior preferred (quar.)___
Amoskeag Co., common (S-a) ______________
$4.50 preferred (s-a)
—
Anchor Hocking Glass Corp.,
common
5
6-15
(quar.)
5
4-20
5-
(quar.)
preferred
2
4-
5c
3-27
6-1
7- 2
4-12
^
5-1
4-30
(quar.)_____——_
preferred
4-12
25c
Corp.
Warren
3-24
.
*
preferred
7%
5c/o
.
4- 2
6- 5
5- 1
'4- 2
4- 6
4-20
3-27
Ltd.—
(quar.)
A
3-24
'*/2C
r-
..
Class
7%
7%
2
3-30
4-
5c
Tobin
$1.50
,
25c
.
$2.50
Packing Co., Inc., common (quar.)___
7%
preferred (quar.)
.
Troy Sunshade Co. (quar.)__—
Tung-Sol Lamp Works, Inc., common—____
80c preference
(quar.)
—
Union Manufacturing Co. (quar.)
—_—
Union Oil Co. of California (quar.)
Union Stock Yards of Omaha (reduced)
4-20
______
American Optical Co. (quar.)
American
Paper Goods—•
News
3-16
3-14'
4-1 ^
3-15
3-1
3-2(5
4-2
4
50c
35c
$1.75
50c
$1.'25
35c
40c
$1.75
;
$1.75
—;—$1.75
American Rolling Mill Co., 4Va% pfd. (quar.)
$1.12%
American Screw Co. (irregular)
20c
American Service, $3 pfd. (participating)—
$0,843
American Seal-Kap
Corp.
of Delaware____
15c
American Snuff Co., common (quar.)
50c
6% preferred (quar.)___
$1.50
(s-a)
(resumed)
Aircraft
—
(quar.
Co. (bi-monthly).
3-31
common
preferred
$5
Timm
preferred
4-25
Thermatomic Carbon Co.,
3-31
4- 2
4-20
5- 1
4-25
4- 2
6-15
6-15
5- 1
4-30
(increased)-
com,
(quar.)__
4-30
l%.c
(resumed)——____
43 %c
(quar.)__i
—
common (quar.)__ v:;:$4
Oil,
preferred
5%
3-20 "
'7.
Manufacturing Co., common
40c
;~i!,v'
(quar.)
Locomotive Co.,
V8
3-20
4- 2
4- 2
5- 1
4- 5
4-2
62%c
(quar.)_______
preferred
4-11
4- 1
5c
(quar.)_
preferred
25c
Co,—_____—_
Taylor-Colquitt Co.
7%
American
3-31
3-31
4- 2
4- 1
4- 1
25c
5c
preferred
3-15
3-16
3-15
,
Illinois--
of
Co.
!
4*14
4-14
4-14
20c
Inc. (resumed),
(Newark, N. J.) (s-a)__
Investment
convertible
American
2
37 '/2c
V
1 accum.)
(quar.)__;
(monthly)
Extra
*
3-21
3-17
3- 5
3- 5
3-20
-
4- 2
20c
5-25
'.>/
California Edison
1
Monthly
3c
6%
Southern
4-20
American Hardware Corp.
J22c
4-in
>
4£'«2
$1.18%
12y2c
$1.50
$1.50
25c
American Home Products Corp.
$1.25
______
preferred (quar.)
Smyth Manufacturing Co. (quar.)
\
._
1st preferred (quar.)^_
$6 2nd preferred (quar.)
3-27
4- 2
;
6%
2
5^; 1
4- 2
4- 2
4-"2
4- 2
4- 2
Co.—■
preferred (quar.)
—
American Hair & Felt Co., common_________
4-10
Brewing & Malting
Smith
,7
Electric
&
Gas
•'
'
7
4-16
$1.12'/a
$1.75
Hoe, 4V2% :.pref. (quar.Jv7% pfd. (quar.)
4%7c
1
'
$1.25
$1.50
$1.50
$1.12'/2
_________
Furniture Co,, Inc.,
$1
Corp.,
$1.50
25c
12V2c
10c
preference (quar.)
&
•••'*.J,:
<
$2.75
3-10
•
l *'
B
(quar.)___
preferred
4y2%
$1.50
Power
(quar.)__.
6%
Co.,
American
Louis—
Co. (quar.)
5% pfd. (quar.)__
(Seattle) (quar.)_
common (quar.)
Water
6-14
Express Co.
4-10
-
4-2
25c
4-10
$1.25
Sicks'
:
Body___
4-10
15c
Extra
'f
Cement Co.—
G'/c
Class A
!
25c
Shippers Car Line
1
5^1
.-
(quar.)___
preferred
." 4-10
1
4
:
&
1
-
Shawinigan
Coach
1
Abbott Laboratories, 4% preferred (quar.)__
$1
Addressograph-Multigraph Corp.—
25c
Aero Supply Mfg. Co., Inc., class A (quar.)37V2c
Aetna Casualty & Surety Co. (initial)
—_
62V2c
Aetna Insurance Co. (Hartford)
(quar.)
40c
Aetna Life Insurance Co.
(quar.)
30c
?
5%
"
5-
1936—
Class
of
cash
or
American
25c
3-24
of
share
a
5-
3-24
Portland
Medusa
preferred (quar.)—
3
3-31
4- 2
5-1
4-26
4- 2
McCrory Stores, 5%
4-
:
25c
(quar.)
B
Crystal Sugar, 6% pfd. (quar.)
American Cyanamid Co., common (quar,).
5% preferred
(quar.)__
:_
American Discount Corp. of Georgia (quar.)
American District
Telegraph Co. (N. J.)—
4-17
preferred (quar.)____„
$1.50
Mercury Mills, Ltd. (interim4;!
$20c
Mission Dry Corp.__
!___
10c
Mississippi Shipping (quar.
____
25c
McBryde Sugar
McCall Corporation (quar.40c
6
1
62(4c
(quar.)__-___u_T.-:iii_.---f--r"®2(4c
Co., Ltd.
;!_!
.1
'20c
4-
of
5-
(quar.)
preferred
l/4th
American
Security Title Building, Inc.—
$7 participating preferred (accum.)
Sefton Fibre Can, 5% preferred (quar.)____
3-27
series)
div.
$2.50
(quar.)
of St.
Class
series of 1928,
s'aiid share of class
or
(opt.
3-23
div.
$2.50
Co.
Co.
of
$3
cash
American Felt
of Delaware
Co.
share
a
American
4-16
3-31
preferred
6
5-
4-16
5-15
5- 1
4-16
5%
stock
American
4-
50c
Corp._.____^___^____^___
Investment
Common
5-25
"3-30
3-31
25c
20c
15c
20c
$1.12%
25c
20c
(quar.)
Kansas Power & Light Co., 4%% pfd.
Kellogg Company
Kennedy's Inc., common
'
5
5-15
25c
com. (quar.i_
of
opt.
75c
(accum.)
Inc.—
A.)
Oil
5-
1
20c
conv. preferred (accum.)
The above payment clears all arrears. 7
$2.50-$5 conv. preferred (quar.)_____i___
Conn.)
(quar.)_l—__
Co,
(D.
in
class A
4-16
^
Pa.)—
stock
4-16
t$1.37%
$2.50-$5
2
3-31
4- 2
4- 2
4- 2
Quarterly
Johnson
4-
1
1
1
:j:$4.75
$1.50
$1.50
,
Telegraph
Schulte
Canada
(quar.
Distillers
Schenley
3-31
5-15
25c
:
pfd. (quar.)
Co., Ltd. (quar.)
Southern California Gas Co., 67c pfd. (quar,)
Preferred' A (quar.)
:
25c
Out.)
3-31
5- 1
5-21
25c
r.
Assurance
International
Investors
40c
15c
$1
(quar.)__
1st
_
Co
Imperial Life
'Interstate
25c
Sugar Plantation Co.
(s-a)
Diego Gas & Electric Co.,
57c' preferred
(quar.)
4-14
4-30
5-15
5-15
5-15
5-15
3-31
5- 1
4- 5
5- 1
tl5c
:
Huyler's, $2 conv. partic;
•
30c
$1.06'A
$1.50
75c
$1
,
$1.75
Avenue
2
6-
15c
4-25
4-30
25c
1
Fifth
4-
opt.
A
3-12*
3-12*
3-lo*
3-26*
1
Light Corp.—
div. series of 1928
& share of class B or 683/4c in cash
$2.75
Class
A
opt.
div.
series of 1936
3-27
>
4-10
t$1.50
common,^:
5- 1
4- 2
,
40c
(quar.)
Hecht
Hercules
25c
75c
20c
$1.25
50c
$1.25
50c
50c
683/4C
(quar.)______
Co., Inc.
Hartford
Hayes
w
(quar.)____
L.)
Co.,
.
115c
(quar.)___
common
(quar.)__w
2
4-
5c
Ltd.,
Paper Co.,
Typewriter
class
B
3-26
3-31
75c
(Reading,
-
cash
or
conv.
payable
4-21
A
l/8th
(accum.)
$3
3-29
1
Class
conv.
$2.75
-
Co.
Power &
Cities
stock
4-12
4-10
$1
San
3-23
3
5-
4- 2
&
1
4-
7c
15c
Car
Casualty
:
Co.,
$3
—
77o preferred (quar.)
7
5-
3
5-10
Protective_____
Co.
&
preferred
Russek's
4-25
75c
preferred (quar.)___
Gardner-Denver Co., common (quar:)______
$3 convertible preferred (quar.)___
Gillette Safety Razor Co. (quar.)—_
Glatfelter (P. H.), 5% preferied (quar.)
Goodyear Tire & Rubber Co., common
1
,
1
5-
(quar.)
Electric
W.i
Saguenay Power Co., Ltd., 5'/2%
*
.
(quar.)_
preferred
6%
Royal
4-25
54c
$1.07
—:
County Distilling Co., Inc.—
convertible
60c
Frick Co.,
55544-
$1.50
$1.75
$1.50
70c
(quar.)_
(irregular).—
(irregular)
Field (Marshall), see Marshall Field & Co.—
Florida Power, 7%
preferred
Franklin
Holland
4-16
4-14
Light Co.
preferred
5-15
3-31
7- 2
7- 2
7- 2
Ferry Cap & Set Screw Co.
7%
(H.
5- 1 ■v'^4*- 6
,4- 6
5-1
50c
preferred
Electric
River
5-15
4- 2
_____—
Fall
Island
Rickel
6-12
5- 7
3-31
;___—
Fairbanks
Rhode
3-31
(Pittsburgh)
quarterly
3-26
3
6-
50c
preferred A
7% pfd. (quar.)__
;
Foundry, 7% pfd. (quar.)_
4- 1
4- 2
4- 2
common
Quarterly
25c
V
Securities
preferred
6%
(Thet,
Initial
$2
Insurance
4- 1
75c
$1.75
$1.75
Co.,
(quar.)
Can
*
;
Co.,
5-
$1.25
$1.37%
$1.50
(quar.)
Cleaner—
A.)
4-
20c
American
25c
Seaboard
20c
$1.50
(quar.)
Vacuum
Eureka
Fair
(C.
50c
preferred
American
4- 2
4- 1
;—_
Co.
Note
American
:j:5c
Pump Co
Co.
^
American
(quar.)
Reliance Life
3-21
4"16
20c
$5.50 preferred
Bank
4-11
Schwitzer-Cummins
4
Bakeries
American
25c
3-31
3-31
6- 1
6- 1
'
$1.25
$1.50
Elgin Sweeper, $2 partic. prior pref. (quar.)
Engineers Public Service, $5 pfd. (quar.)—
American
Pollak Manufacturing Co
Pressed Metals of America,
Reed
3-19
4-17
3-12
Reda
2
1
3-24
3-21
4-14
5-
3-24
3-28
4- 2
4-14
5c
Aggregates Corp., 5%
Alliance Insur.
Extra
Inc.—
3-16*
25c
American
American
3-31
6%
4-1
2
4-
pfd. (quar.)
9
3-20
1
4-23
5- 1
20c
Co
(N. Y.) (quar.)
3-
2
4-27
6
3-15
3-17
3-20
3-20
3-20
$1.25
!
3-10
75c
5c
$1.25
2
:.
4-
4- 2
J$1.25
5-
$3.75
Inc!
3-16
4-16
1
Manufacturing
4-
7
Corp., class A (accum.)
Reading Co.
Goods
4-
$1
(quar.).
(quar.)____
preferred
t70c
Polaroid
3-31
(quar. 1
3-31
pfd.
6%
10c
.
4- 2
Gas
&
Amalgamated Leather, 6% pfd. (accum.)__
Amalgamated Sugar Co., common (quar.)___
3-10
(Seattle
Electrical
4-20
5%
4
3-31
—
3-31
6-
4-10
5- 1
4- 2
5-15
(quar.)
5-24
(quar.)
3-15
3-10
3-10
3-29
of Canada, Ltd.—
3-31
3-31
__________——
$5 preferred
Co.
4-
4-10
4- 2
4- 2
4-25
4-15
4-15
4-30
4-14
_____——
Co
Manufacturing
Edwards
Electric
__
Aluminum
1
4-16
1
(quar.)_—~_
3-30
5-
50c
—
—____
(quar.)_
& Light
preferred
Delaware
__
common
4-16
4-10
40c
$$6.25
37%c
7%c
25c
17 %c
25c
of Canada,
of America,
9
shares
5-15
5-15
.
(increased quar.)__
5% 1st preferred—
preferred (quar.)
Package Mfg.
Dairy Corp.
Co.
Oil
Aluminum
Enterprises Consol.,
$$1.25
$3
25c
Extra
Creamery
Aluminum
4- 1
4- 1
4- 1
4-20
$1.50
common
(quar.)
5
4-14
&
3-30
Corp.,
preferred
4-
15c
Mines
Stores
5%
All-Penn
4-20
(accum.)
50c
50c
—
3-27
!_
3-23
3-20
50c
43%c
25c
(quar.)
(quar.)—
4-18
$1.12 %
Cement Co.—
15c
(s-aI
Allied
4-14
1
$1.10
3*3*
$1.50
$1
*
—
2
A
4-15
25c
Co., $5 1st pfd. (resumed)
preferred
American
4-10
4- 2
50c
50c
%--r:——-—
________
,
$2.50
3-31
4- 2
—
1
4-
$1.62%
Philadelphia & Trenton RR. (quar.)
Philadelphia Electric Co., 4.4% pfd. (quar.)
3-27
Mills, Inc
5-
Class
3-31
4-2
5- 1
3-31
4-2
(quar.)—
1
Patino
3-31
(increased quar.)_
4-14
5'
3-20
Columbus Dental Manufacturing Co.—
Common
6V2%
'3-31
(quar.)
40c
Portland
12 %c
50c
_
class A-
Yards Co.
Y.)
(N.
Coast
Pacific
50c
(quar.)
Allied
Co.___
Pacific
$1.12%
12c
62%c
$1.21
—
Gear
4-19
3-23
.—;.
3-31 '
Laboratories, Inc
Products Corp., common
Orange Crush, Ltd., 70c conv. pref. (accum.)
7
Electric—
(quar.)___—__
Allied
preferred
4-19
;
4-20
(accum.)
4-16
.
1
(quar,)_
(accum.)
Ohio Loan & Discount Co.
4-
5-
(Del.)—
3-17
2
1
1
1
1
$1,621%
$1.50
of Rec.
25c
Electric & Equipment Co.
4~ 2
$1
—
Company
preferred
Central
__
_
Hudson Gas &
Central
_
common
(quar.)___
Brothers
Bunte
:
j
45555-
.$$1.50
$$1.50
25c
25c
$1.50
:
;
(quar.)
Allen
4- 2
4- 2
2%c
3-23
$1.50
2V2c
$1.25
2
$1.50
Payable
Share
pfd. (quar.)
4-
$1.31 (A
Co.
Company
Markets, Inc., 6%
Holders
When
Per
Albers Super
$1.50
(quar.)i___;—
Power Co.
preferred
6%
3-16
Ry
Insurance
States
7%
British Columbia Telephone Co.—
•
England Confectionery
Name of
3-23
4- 2
Bathurst Power & Paper Co., Ltd.—
Beacon
of Rec.
$1.50
Topeka & Santa Fe Ry. (quar.)_—
City Sewerage (quar.).—
Backstay Welt Co
—
Baldwin Rubber Co
■
__!—__—
Atlantic
common
Holders
50c
Atchison
New
3-30
$1
(irregular)
England Power, 6% preferred (quar.)__
Haven Clock Co., 6Va% pfd. (quar.)—
3-27
Arrow-Hart & Hegeman Electric Co
A
When
Share
of Company
Name
of Rec.
Payable
Payable
Per
Holier*
When
Her
Share
Name of Company
Class
1463
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161
4- 1
$1.06 A
4- 1
4- 2
4- 2
J-1^
3-17
f50c
t25c
50c
2
$1.50
3-U
3-1
3" 0
THE COMMERCIAL & FINANCIAL CHRONICLE
1464
Per
.
When
Payable
When
rer
Holdert
Share
1
of Bee.
Monday, April 2, 1945
Houtert
•,
,
Company
Name of
&
Limestone
Bessemer
75c
$1.75
30c
$1.75
$1.50
22'/2C
$1.75
$1.12'A
(quar.)
Bethlehem Steel Corp., 7% pfd. (quar.)
Bickford's, Inc. (increased quar.)—__
Birmingham Electric, $7 preferred
(quar.),..
$6
preferred (quar.)—
Bloomingdale Brothers
Blumenthal
& Co., 7%
(Sidney)
pfd. (quar.)
pfd. (quar.),
Bobbs-Merrill Co.. 4Vz%
Airplane
Boeing
Bohn
Class
Bond
B
(quar.)—,.
Borg-Warner Co.
Edison
Boston
--
—
Co.
Co.
preferred
(quar.)
Ltd,
(quar,)_,
Extra
Kansas Telephone
preferred
U.
4-30
4-16
Central
4-30
2
3-19
4-
2
3-20
1
5%.
4-16
4-
4-10
New
preferred
Central
Steel
5-
Public
Service
2
3- 9
4-
2
3-
9
6%
4-
2
3- 9
Cross
$1.25
5-
15c
__—
1
Common
(quar.)
4-
4-
3-15
3-31
2
3-21
75c
4-
2
3- 8*
$1.25
4-
2
3-20
Chemical
Fund
3-21
Chesapeake-Camp Corp.,
(quar.)_,
$1.25
4-
1
3-21
4-
1
3-10
Chesapeake & Ohio Ry. Co
Chicago Dally News, Inc., 5'A pfd. (quar.),,
Chicago Electric Mfg., class A (accum.)
3-20
4-14
4-14
3-20
4-2
3-23
4-15
;
3-20
2
4-
Chickasha
3-15
5-21
4-19
5-21
(quar.),,,,
(irregular),
6c
50c
4-19
Oil
Cotton
4-
1
4-
2
2
2
1
4-14
4-16
3-31
2
3-15
Christiana Securities
4-
2
3-15
Cincinnati Advertising
$$1.50
$25c
4-
2
3-28
2
3-
$$1.50
4-2
Co.
(quar.),,———
Inc.,
Co.
Assurance
(s-a)__,
participating preferred
Durrel Co.,
Brown
$1.12'A
44-
2
20c
preferred class A (quar.)
4-
2
5%
$1.25
6-
1
5-15
5 %
$1.25
9- X
8-15
New Orl. & Texas Pac. Ry. Co.—
preferred (quar.)
preferred (quar.)
—
5% preferred (quar.),,,,
Cincinnati & Suburban Bell Telephone—
Quarterly
Citizens Water Co. (Washington, Pa.)—
3-31
4-
$40c
25c
2
3-23
$25c
4-14
3-22
50c
37'Ac
—
4-14
4-15
4-
4-10
3-31
4-
2
3-13
Citizens
4-
2
3-15
common
/7%
,
preferred
Wholesale Supply
$1.25
4-
2
3-15
4-
2
3-20
4-
2
3-20
City Title Insurance Co.
preferred
$1.25
4-
2
3-20
Cleveland
(quar.),—,,,—
Corp,—
$6
Brunswick-Balke-Collender
6'/o
non-cumulative preferred B (quar.)—
Linen Mills, $1.50 1st pfd. (quar.),
preferred
Common
California
5%
—
preferred
California
(quar.)———,—
& Tel.,
Water
5%
pfd.
8%
6%
preferred (quar.)
Ginger Ale, common
Canada Dry
preferred
Life
Canada
Class
Ltd., class A
(initial)—.—1
Permanent Mortgage
Canada
Steamship
(initial)
Lines,
6-
1
5-
3
Colonial
1
5-
4-
2
3-19
4-
2
3-19
5-
1
Co.
5-
1
4-15*
2
3-15*
Cumulative
4-14
3-31
5%
4-14
3-31
Columbia
4-14
3-31
Columbus & Southern
4-20
3-31
5-15
4-30
4-16
5-15
3-10*
4-30
(quar.)
4-
2
3-10
4-
1
3-15
4-
1
3-15
Commercial
Investment
4-
2
3-15
Commercial
Nat'l
.
.
(irregular)—,
Ltd.,
A
Shoe
preferred A
Capital
Transit
Carnation
Co., 4%
preferred
Brainard
cassidy's, Ltd., 7%
Celanese
Corp.
of
7%-2nd preferred
(quar.)
Dravo
3-10'
Duke
3-14
&
(irregular)
4-
2-15
$6 preferred
3-10
$7 preferred
(quar.),,*,
4-
3-10
Concord
4-
3-10
4-
3-10
Quarterly
4-
3-10
Quarterly
Quarterly
—
preferred
Southern
6
(accum.)
7%
Gas,
Coniaurum
4-10
4-30
4-
2
3-
2
2
3-
2
4-16
3-31
4-
1
2-28
4-
2
3-. 1
4-
2
3-
$$2
4-
2
3-15
4-16
$15c
$17c
1
.
3-31
4-16
3-31
4-30
3-29
t$1.25
4-30
3-29
4-15
3-15
6-
1
4-16
1
5-15
5-
4-
2
3-20
$37'/2C
4-
2
3-
1
$37'Ac
4-
2
3-15
3-10
&
Coke
4-20
4-10
4-
2
3-17
4-
2
3-17
$2
4-
2
3-23
5c
4-
2
3-19
40c
4-
2
3-12
$1.75
4-
2
3-12
$2.50
4-
2
4-
2
3-
$1.1834"
4-
2
3-16
4-
2
3-16
2
12-24
4-
6-
Electric
(quar.),—$1.75
Auto-Lite
25c
4-
3
3-23
Emerson
Drug Co., 8%
$3.50
4-
3
3-23
Emerson
Electric
—
$1.25
$1.25
preferred
Consolidation
$2.50
conv.
preferred
preferred
1
3-
8%
9
Empire Trust
4-
2
3-15
$1.12'A
4-
2
3-15
—III
(quar!)
$1
4-
2
3-15
$1.50
4-
2
3-23
25c
6-
1
5-21
$15c
4-
1
3-15
$2
4-
2
3-15
$5.50
4-
2
3-15
$6
(interim!—
(quar.)
25C
common
~
4-
8%
Trust
preferred
7%
prior preferred
Continental
Steel
3- 5
4-16
3-15
4-16
4-
2
4-16
4-
2
4-
2
3-21
*
4-
2
4-
2
4-
2
3-15
$1.75
4-
2
3-15
$1.12'A
4-25
4-10
$1.25
3- 3
3-22
4-16
3-15
37'Ac
4-
5
3-23
$1.50
4-
1
3-13
4-
1
3-15
$1.12'A
4-
1
25c
4-
2
3-23
4-
2
3-23
t25c
(quar.),,
4-
2
3-15
3-15
4-2
3-15
$1.50
4-
2
3-
5
$1.50
4-
2
3-
5
4-
2
3-
1
15c
4-
2
3-21
$1.25
(irreg.)
4-
2
3-21
t$1.47'A
•
4-
2
3-16
75c
4- 2
3-20
15c
4-
2
3-15
$1.25
preferred
4-
2
3-22
683Ac
4-
1
3-
$1.12'A
683Ac
4-
2
3-15
4-
1
3-
(quar.)
Manufacturing,
50c
'
,
2
7%
4'A^
Co.
(N.
4%
Johnson
preferred
Y.)
Erie
3-15
3-21
4-16
4-
4-
2
3-15
4-
2
3-15
5
75c
4-
5
3-23
40c
4-
2
3-22
$3.50
4-
2
3-22
56'Ac
4-
2
3-22
75c
4-
2
*3-15
$1
4-
2
3-15
4-
2
(quar.)
series
A
Corp.,
(quar.),;
common
(quar.)___
(quar.)___
preferred
Railroad
15c
2
$1.12'A
(quar.)
common
Engineers Public Service, $5 pfd.
preferred
4-
75c
(quar.)__
(s-a)_
preferred
Endicott
Corp. (quar.)
pfd.
(accum.)
preferred
4-2*
5
5
.-A
$1.75
(quar.)
(auar.)
$1.25
$1.37'A
(quar.)
3-14
4-2
3-14
4-
2
3-14
6-
$1.50
1
Co.—
3-16
5%
preferred
(quar.)
$1.25
5-
4
5%
preferred
(quar.)
$1.25
9-
5-15
1
6-11
5%
preferred
8-17
(quar.)
$1.25
12-
1
11-16
4-
3
3-14
4-
2
3-17
t$2
4-
2
3-15
4-
2
3- 9
European & North American Railway (s-a),
Eversharp, Inc., common (quar.)
Common (stock dividend)
5%
preferred
(quar.)
!
$1.25
4-
2
3-
Fairmont
(quar.)
?
$2
4-
1
2
3-16
4V2Vr
Falstaff
12'Ac
4-
1
4-
2
common
3-20
$2.50
Brewing
Corp.,
8%
4-15
4-
5
5%
4-15
4-
5
25c
)
<quar.)___.
Corp.,
'»
5-17
30c
I
preferred
Family Finance
3-28-
$1.75
Creamery,
Extra
3-16'
4-
(N. Y.)—
$3.75 preferred (initial)
4-
3-20
25c
4-
25c
2
4-
3-17
3-17
$1.12^2
pfd.
common
(s-a),
4-
3-17
3c
4-
3-17
20c
4-
3-10
$1.50
^
.
>;„25C
,
4, ?
,
*
3,"15
preferred Class
A
(quar.)
37'Ac
4-
$1.50
(quar.)
Corp.___.____
2
4- 2
50c
$1.12'A
IIIIII
I
I
Quarterly
Continental Can Co.,
4-
1
75c
(quar.)___
(Texas), $4.50 pfd. (quar.)
preferred (quar.)
Emporium Capwell Co.,
3-16
20c
Co.
3-30
5-
5-15
62'Ac
(quar.)
(quar.)
&
4-30
50c
(quar.)
Continental Bank
2
4-
43 %C
S4.50 pfd. (quar.)
Continental Baking,
6-30
3-30
31 '/4c
common
(quar.)
Toronto
3-31
1
8-1
*$1.37'A
convertible
preferred
~
(quar.)
Aircraft,
Consumers Power Co.,
$5
4-
Coal Co.—
of
3-30
(Bait.)—
(quar.)
preferred
Consumers Gas
1
15c
Vultee
5-
4-30
Corp
preferred (quar.)
Emerson Radio &
Phonograph
90c
Ltd.,
t20c
4-16
Ltd.—
com.
Empire Gas & Fuel Co., 4'A%
(irreg.)
conv.
5-
25c
pfd.
5- 1
V" t30c
(quar.)
quarterly
Co., 5%% convertible pfd.
5Vz%
Industries, Inc.—
Corp.,
4-16
3-10
7%
(quar.)
Consolidated
3-28
of N. Y., Inc.
(quar,)
Steel
1
3-28
Reduced
El Paso Elec. Co.
Consolidated Press, Ltd., class A
Consolidated Retail Stores, 8%
4-16
5-
Elizabethtown Consolidated Gas Co.—
5
pfd.
1
4-16
Manufacturing
5
$6
6-
50c
&
3-
Tool.
5-15
3-31
5-
3-28
(quar.)
Utilities
3-
Co.
1
4-16
4- 2
Co.,
3-15
Machine
3-29
J25c
Controller
1
Paper
4-30
75c
Household
2
Consolidated
6
3-10
75c
Electric
3-15
2
;
4-14
4-
4-16
Manufacturing, common (quar.)
5c/c participating Class A (quar.)
4-
preferred B (quar.)
4preferred C (quar.)
1
1
$37'Ac
$35c
t$1.25
Elder
8
4-
4'A%-
55-
4-2
t20c
(quar.)
Investment Trust, Ltd.
$20c
Common
9
t43c
(quar.)_l
$1.183/4
$2
preferred
(accum.)
Consolidated Gas, Elec. Lt. & Pow.
6-
8-10
J$1.25
Co., common (irreg.)
(quar.)___,__
(increased!
Film
(quar.)__
common
Products, Ltd.,
preferred
Economic
Continental Gas & Electric—
—
Steel
Canada, Ltd
Consolidated Cigar Corp., $4.75
pfd. (quar.).
Consolidated Dry Goods, common
Consolidated
1
1
J75c
Steel,"com. (quar.),
preferred
Elliot
$5 preferred
79-
$30c
(quar.)
preferred (quar.)
Steamship Lines, common....
4-16
7% preferred (s-a)
Consolidated Edison Co.
3-31
$20c
4-
com.
8-
4-10
25c
prior
preferred
6%
2
4-2
5
6
7
8-15
$1.25
(accum.)
Eastman Kodak
Management Corp.—
3-19
$$1.75
9-25
6-28
5-
62'Ac
common
convertible
Eastern
6-25
12-31
4-
5-15
75c
;
common
10c
Common
$1.25
6-30
i 3-30
4-25
'
3-28
4-16
f$1.75
&
60c
Consolidated
$1.75
4-30
9-29
4-15
$1.50
(pay. in U. S. funds)
Electric
Semi-annual
3-15
$1.50
5-15
75c
Connecticut Light & Power
Consolidated Bakeries of
3-23
3-19
Co.,
preferred
$2
Securities—
(quar.)
Connecticut Investment
2
2
Eastern
3-12
$5
Gas
preferred
2
4-
3-12
2
$4c
(s-a)
Connecticut Fire Insurance
(Hartford)—
4-
$1
2
4-
t$1.50
Mines. Ltd.
4-
(quar.)
4-
$$1.50
50c
3-15
6%
t!ol.50
~
Consolidated
1
3-12
5%
;
Connecticut
3-15
3-26
2
75c
3-15
4- 2
:
;
$10c
4'A%
Quarterly
4-
3-21
9
4-
$1.75
(accum.)___
12-24
Eastern Gas & Fuel Associates—
4-
$1.50
preferred
1
12-24
'
■
Corp., 6% preferred (quar.)
$1.25
;
2
10-
25c
(quar.)
Malting,
(quar.)
Power
$1.37'A
(quar.)
7-
1
3-20
50c
(quar.)
$4.50 preferred (quar.)..
Duquesne Light Co., 5% preferred (quar.)__
Eason Oil Co., $1.50 conv.
pfd. (quar.)
East Tennessee Light & Power—
/..vA;',;/
$6 preferred
(quar.)
Corp.—
Commonwealth Water Co., 5'A %
pfd.
Commonwealth Water &
Light Co.—
2
2
25c
preferred
(quar.)______
dU Pont (E. I.) de Nemours & Co.—
Confederation Life Assn. (Toronto)—
$6
(quar.)
7%
(quar.)
4-
America,
$4.75 1st preferred
3-31
2
Co.
3-20
3-23
preferred (accum.)
3-31
4-
Insurance,
4-16
2
(quar.)—
4-10
4-10
4-
Commonwealth
2
—
3-31
6c
Investment
4-
7-
10-
Co., Ltd., common (quar.)
+$1.25
(quar.)
t$1.75
Dow Chemical
Co., common (quar.)________
75c
$4
preferred
(quar.■
:
$1
Dow Drug Co., 7% preferred
(quar.),
$1.75
Draper Corp. (quar.)
A:: 75c
50c
(quar.)
2
preferred
17'Ac
(quar.)__
Life
Co.
Co., Ltd.,
preferred
7%
Calif.)
1
4-
Dominion Textile
3-31
4-16
4-
50c
Dominion Tar & Chemical Co.,
5'A%
preferred
(quar.),,.,
3-20
1
4-
Co.
4-16
3-26
3-20
$1.12'A
Extra
4-16
t5c
3-26
4-
25c
preference
(quar.)
Foundries
Common
3-15
1
2
Co.
3-15
4-
(quar.),,
Lockwood &
2
5-
4-
Commonwealth
50c
preferred (quar.)
Carolina Telephone & Telegraph (quar.)
Carriers & General Corp. (quar.)
Case (J. I.) Co., common (irregular)
;
4-
$1.63
25c
1
75c
$7
$1.50
4-
8
4-
30c
Dominion Oilcloth & Linoleum
3-21
3-
$1.75
Carolina Clinchfield & Ohio Ry. Co. (quar.),
Carolina Power & Light Co., $6 pfd. (quar.)
4-24
4-
4-
;.A
preferred
4-20
9
(quar.)
(quar.)
redeemable
Dominion
4-20
4-20
5-
1st
7%
3-19
1
(Conn.)
10c
.
5
2
3-20
4-
(quar.)—
Co.__
4-
3-15
5-
Edison
3-
*
,,
2
4-
4-16
„
2
(quar.)—
—,
4-
35c
Commonwealth" General
2
$4c
(irregular)
Capital Administration Co., Ltd.—
Dominion Glass
40c
&
4-
$25c
(quar.)—
Dominion
3-15
8%
.2nd: preference
20c
4-
(quar.),—
Co.
3-15
2
_J— __Z-Li-
Commonwealth
$$2
common
2
UOc
Bank
Co.
(quar.)
4-
5-15
3-13
$1.75
Dominion Dairies, Ltd., 5% preferred
(quar.)
Dominion Fabrics Ltd., common
3-13
Corp.—
Trust (NAY.)—
3-20
$50c
.
3-20
Co.—
Trust
3-31
2
3-24
4-19
5-15
3-20
4-
$1.75
Mines, Ltd. (quar.)
Dominion & Anglo Investment
Corp., Ltd.—
5%
preferred
(quar.)
3-20
5-15
3-
4-
$3
Dome
-3-20
•
6-30
9-30
4- 2
$1.75
common
(quar.)
(quar.)____
2
2'A%
dividend)—,
(quar.),—
3-15
Hartford
A
2
$1.25
(quar.»
2
Quarterly
Cup.
4-
$1.50
7-10
$1.75
preferred (quar.)
'"A-
$1.25
(quar.)
2
$$1.75
Canadian Wirebound Boxes, Ltd.—
$1.50 class A (accum.)
Mills Co.
(stock
Commercial Discount Co. (Los Angeles,
A
7Vr
4-25
common for each
Cannon
preferred
3-20
,
11- 2
/
3-31
10-10
5c
Products
vv- 4-
*
10c
L
(quar.),,
(quar.)
(quar.)^,,^,,—
(quar.)——
Commercial Alcohols, Ltd., common (quar.),
3-10
4-
2
75c
preferred
2
4-
Steel
25c
series
Ohio Electric
2
$50c
—
held)
Cannon
5%
Corp.
4-
$$1.25
8% preferred (quar.)
Canadian Silk Products Corp.
shares
Pictures
preferred
preferred
4-
$1.50
preferred
8%
1
$1.75
(quar.)
preference
4-
Canadian Westinghouse Co., Ltd.—
Stock dividend (one share
40
preferred
cumulative
8%
12-
2
,3-16
15c
(initial)
Edison
Class
'
Columbia Gas & Electric Corp., common
6% preferred A (quar.)__w-,____^»»_,__A
6'A%
5%
4-
3-16
4-
50c
preferred
Dixie
1
2
44-10
$1.50
Giorgio Fruit Corp., $3 partic. pfd. (s-a),
3-16
5-15
3-16
25c
participating preferred (s-a)
Distillers Corp.-Seagrams, Ltd.,
3-15
4-
4-
25c
6%
5-
$1.50
(quar.),,,.
Participating
6%
Di
3-23
1
■
3-
3-20
25c
preferred (quar.)
Detroit
6-
25c
3-
4-
4-
$1
(quar.)______
5% preferred (quar.)
3-16
25c
33-
10c
(quar.)
4- 2 ::•*
68%C
(quar.)
2
25c
(quar.),,
75c
(Boston)
4-
$62'/2c
(quar.)—
L
Co.
preferred
(quar.)
5-
$$1.50
(quar.),_„
Marconi
preferred
2
4-
87'Ac
(s-a)_
A
preferred
25c
Columbia Baking Co., common
$1 participating preferred (quar.)
$3
—
Electric
Oil Cos..
V
4-10
$30c
_________
I—,—;
Canadian
$6
preferred
Loan
$30c
(quar.).
common
_______
Industries, Ltd., class A (quar.),,
preferred
Ice,
$75c
Canadian General Investments (quar.)——
Canadian
$2.75
Collateral
4-10
1
Radio,
$52c
.
General
$7
3
6-
Foundry Co., Ltd.—
,——,—.—
B
Collins
$15c
____
Cottons, Ltd.,
preferred (quar.)
Class
9
$5c
preferred (quar )
conv.
Canadian
Extra
Cohen (Dan.)
Co. (quar.)
Colgate-Palmolive-Peet <quar.)
3-
$25c
Canadian Fairbanks-Morse Co., Ltd.—
6% preferred (quar.)
A
Canadian Food Products, Ltd. (quar.)
Canadian Foreign Investment Corp. (quar.),
Canadian
3-15
2
4-
$20c
(quar.)
Converters
(quar,
'
3-20
2
4-
4-
V
common
(quar.)
preferred
4- 2
'
$5.55
—
$85c
preferred
Extra
2
4-
Semi-annual
9
2
4-
25c
(quar.)
25c
t$2
(quar.),
—_
Canadian Car &
Canadian
3-
4-
4-
A
class
preferred
5%
*4-2
4-16
/
62'Ac
(s-a
$50c
Corp.
Ltd.,,
3-28
75c
$25c
preference (quar.),,,
Participating
6%
4-
Breweries. Ltd.—
6Qc non-cum.
Caradian
Plow
$75c
——
Participating
7%
Cockshutt
$15c
$$1.75
$3.40 convertible preferred (quar.),
Canadian Canners, Ltd., common (quar.),,
1st
3-20
$$5
(quar.),
4 ./
(irregular),
$8c
Canada
Canadian
4-10
$30c
(quar.)
Packers,
B
(quar.)
International
$15c
(s-a)
Assurance
Canada Northern Power, Ltd./com,
7%
preferred (quar.)—.
4-
Co.
Coca-Cola
$0,767
(Jan. 25-Apr. 1 period) (initial)
Canada Iron Foundries, Ltd,, com. (initial),,
3-15
Bottling (Del.), Class A (quar.),,
Coca-Cola
$62'Ac
25c
—-
$4.25 pfd.
Canada
Coca-Cola
8
2
Co.,
Diamond Match Co.—
5-22
37'Ac
$$1.50
(quar.),,
pfd. (quar.)—...
1
$1.75
3-
37'Ac
62'Ac
(quar.)—
4-
75c
$1.25
(s-a)__
6
$1.75
Detroit Gasket & Manufacturing
Detroit-Michigan Stove Co.,
3-15
$1.75
3-21
Ltd.
class
preferred
Mfg.
4Yg% preferred (Initial)
3-28
1
4-
Denver Dry Goods—
4-15
4
(quar.)
2
Co.,
Co.,
conv.
Derby Oil Co.
$1.12'A
-
4-12
1
Pinna
Detroit
4-20
8-
11-
4-20
25c
4-16
4-
8-15
11-15
25c
(W. E.)
4-16
4-
12'Ac
I2V2C
com.
$4 prior pfd. (quar.),
7%
>
3-17
50c
(s-a),
$1
Publisliing Co.,
5-1
$1.25
com.
4-
6-
1
Co.,
Stores.
7%
3-30
20c
pfd.
RR.
—
Drug
;•§ 5- l
15c
(quar.)
Peabody & Co., Inc.,
preferred (quar.)
$1.50
37'Ac
—
Packing Corp., common
Canada Bread Co.. Ltd..
7%
$1.50
pfd. (quar.)—
preferred (quar,),—i———
preferred 1927 series (quar.),,—
6%
Cluett
$1.75
(interim)—.
Co., $3 pfd. (quar.)
(quar.),
California-Oregon Power, 7r/o
6%
3-10
3-27*
2
$1.31
partlc. preferred (quar.)—,.
Calgary & Edmonton Corp., Ltd.
5'A%
2
6
31 'Ac
$37c
$20c
$5c
75c
Caldwell
California Electric Power
3-10
4-
4-
Clinton
(s-a)
12'Ac
$5 preferred (accum.),
Illuminating Co.,
(quar.),,,^,,
Corporation
Clinton Water Works Co., 7%
4-20
12'Ac
Cliffs
3-31
2
4-
$1.37'A
—,
75c
$1.50
15c
$1.12'A
31'Ac
4Vz%- preferred (quar.)._—^—..
(P. H.) Co., 5% conv. pfd. (quar.)—
2nd
Y.)
(N.
4-20
1
7%
4-
2
1
5-
(irreg.)
$6 convertible prior preferred.
Dentists' Supply Co. of New York—
3-12
75c
2
5-
6%
3-17
4-2
4-
$3
7%
J
(quar.)—
4-
50c
Butler
80c
Electric
2
6-19
4-16
$3.50
Dennison
'■ v;. ■
$15c
19c
Manufacturing—
Burlington Steel Co., Ltd. (quar.)——
Burry Biscuit Corp., 75c prior pfd. (quar.)*._
Bush Terminal Bldgs. Co., 7% pfd. (accum*
Bush Terminal Co., 6% pfd. (quar.),
Butler Brothers, common (quar.),.,——
5%
2
4-
(quar.____$1.50
Bucyrus-Erie Co., common,,——15c
7% preferred (quar.)
$1.75
Budd (Edward G.) Mfg. Co., com. (resumed)
25c
$5 preferred
$1.25
Building Products, Ltd. (quar.)——
$15c
Burdine's, Inc., $2.80 pfd. (quar.)—.——
70c
(F.)
class A
cum.
$4.50 preferred
preferred
Burkart
6%
Cleveland-Cliffs Iron,
(quar.)
Brush-Moore Newspapers, Inc.—
Co.—
preferred (quar.),,__.
City Investing Co., 5 'A % preferred
City Stores Co., common .(quar.)
$1.25
$1.50
preferred
prior
4-
4-
6-30
(s-a)
Extra
-
11-15
$1.75
(quar.)
preferred (quar.)
preferred (quar.)
5%
Brown-Forman-Distillers
1
85c
6%
75c
15c
(quar.)—,,
1*
12-
4-14
2
(s-a)
De
$1.25
3-13
30c
—
_______
3-15,
$1.25
4-14
4-
$2
common
preferred (quar.)^____,,__.
Co. (quar.),AA
(Alfred) & Cohn (quar.)*
Quarterly
Quarterly
Dejay Stores, Inc._,__„_„_A,*_„___,___„
De Long Hook & Eye Co. (quar.)
3-26
.
Co.,
3-29*
4-25
(quar.)___
Packing
2
30c
Decker
3-20
4- 2
4-10
3-23
preferred
Dean
3-20
2
$1.75
3-16*
8%
6- 7
pfd. <quar.>__
7%
4-
5c
lquar.)____„_
preferred (quar.)
Dayton & Michigan RR. Co.,
Cincinnati
3-20
'
———
6%
5%
6
pfd. (quar,),,—„
3-31
25c
7%
9- 6
Products Co. (irreg,),
Co.,
3-23
4-20
Extra
Cincinnati Gas & Electric Co.—
4-
7-14
10-15
4-2
preferred
Curtis
3- 7
25c
25c
4-2
s
Dairy Corp. (Canada), 5% preferred
Davenport Hosiery Mills, common.
5-18
25c
______—
8
30c
(actum.)
(quar.)
common
preferred
Extra
3-14
6-
3-24
2
$1.50
Co.,;
Corp.
Forster,
Cunningham
3-14
2
25c
(quar.)
44-
4-
7%
3-14
75c
3-
6%
3-10
4-
62'AC
Quarterly
4-
Hydraulic
Manufacturing Co.,
Seal
Co.,__l
Culver & Port
3-21
15c
50c
Chicago Mail
Order Co.,—
;
Chicago Pneumatic Tool Co., common—
$3 convertible preferred (quar.)
$2.50 prior preferred (quar.)
Chicago Yellow Cab Co., Inc. (quar.),,,,.
3-20
4-15
■;
&
4-
3-20
1
pfd.
Crum
3-15
3-20
3-20
4- 4
25c
&
Drug
4-14
2
-
3-23
2
5c
Cork
8%
50c
45c
2
4-
50c
Crown
2
Cudahy
4-
5%
4-
4-2
40c
—
International, class A
3-14
(quar,).
3-15
3-22
5%
(quar.),_______
Cork
3-20
4-
Inc.
2
4-
v
2
Works-
(irreg.)
preferred
2
Bank & Trust
Co.
4-
4-15
$1.50
Company
4-2
Chapman
Chemical
Y.)
1
4-
$1.50
—
3-10
3-23
(N.
Loom
Crown
4-10
4-12
$1.04
2
Valve Manufacturing
Knowles
&
Crown-Zellerbach
2
50c
-•
Brompton Pulp & Paper (quar.).,,
1
E$onx County Trust (s-a)
Brooklyn Borough Gas Co., com. (resumed),
1%
4-
$1.50
4.15'A
common—_
Ltd.,,,,
6"Jo
preferred (quar.)
British Columbia Power Corp., Ltd.—1
Class A (quar.)"_
Broad Street Investing Corp
,:
5%
Crompton
Corp.—
preferred (quar.),,,,,,
Champion Paper & Fibre, 6% pfd.
3-15
preferred
Crown
(quar.)
Co., common
Central Vermont
Ltd.—
British-American Oil Co., Ltd. (quar.)—.—
British Columbia Elec, Pwr. & Gas Co., Ltd.—
6%
3-15
3- 9
Corp.—
Quarterly
Chilliccthe Paper, 4'A%
British-America
$5
2
2
$1.50
partip. preferred A (quar,)——
$5
44-
4-
$$1.50
(quar.)
Distillers of Vancouver,
Si
Bridgeport
$2
6%
$1.75
—
Wire
&
3-17
$1.50
(quar.),,
(quar.t
York Power
4-2
$2.62'A
62'Ac
,,
(quar.),,—,—_——,—
preferred
150c
*l°c
35c
25c
Brillo
7%
preferred
preferred
7%
/
Co, (s-a),
Co., 5^ pfd. (quar.),,
4-
(quar.),———2"~~~—$32'Ac
Extra
Case
$6
4
4-
25c
$12'Ac
preferred
Brewers
$3
6%
3-20
Corporations—
preferred (accum.)__
Electric Corp,—
preferred A (quar.)__„—$1.31'A
Corroon & Reynolds, $6 pfd. A (accum.$1.50
Cottrell (C. B.) & Sons Co., common
$1
3-30
Central Maine Power
tl0c
Brazilian Traction Light & Power Co.,
6%
4-15
Central
|20c
:
-
Brandtjen & Kluge, Inc. (quar.),,—
Brantford Cordage Co., common (interim),,
$1.30
$1.19
4-14
3-15
$1.75
(quar.),,!
Courtaulds,.Ltd., ordinary registered (final)
Cream of Wheat Corp. <quar.)__,_l___~_,__
20c
class A_
(quar.)
Sons
Mines,
(q((iar,)„—
pfd.
of Rec.
4-2
(Peter)
6'A%
3-20
3-27
h%
Payable
$1.62'A
Corneil-Dubilier
3-20
37'/8c
(quar.)
Botany Worsted Mills, $1 non-cum.
Bralorne
2
2
31'Ac
Insurance
&
4-
Kansas
3-15
3-21
pfd. (quar.)
Holders
When,
Share
%
$5.25
Quarterly
Power
Cooper
3-21
2
4- 2
Central
2
2
4-
3-10
2
_
4-
4-
-
$1
2
4-
25c
37'Ac
32'Ac
Central Illinois Light Co., 4'A %
4-
3-31
$1.12'A
Central Illinois Electric & Gas Co.
3-10
/
4-16
(quar.),.
2-21
3-22
2
4-10
pfd, (quar.)
2
2
4-25
1
Per
•
.
Name of Company
Continental Telephone Co., 6'A
7%
preferred (quar.)
(N. Y.)—
2
4-
5-
.
(quar.)
common
4-
>v
4-10
37'Ac
preferred (quar.)
4-
oOc
$1-25
40c
$4
(quar.)————
Boston
J.)
Central Hanover Bank & Trust
4-
40c
——
Boston
(E.
Central Fibre' Products,
3-20
4•
1
—
3-23
1
6%
of Reo.
5-
25c
5%. preferred (quar.),,.———-—
Central Aguirre Associates (quar.)
Payable
12'Ac
(quar.)
.
Ry, (quar.)
Herald-Traveler Corp
$1.25
2-28
Corp., common
4-16
$1.12'/2
Boston Elevated
Brach
2
4-
$1
62'Ac
(quar.)——
preferred
conv.
2-28
4-
75c
Inc.,
Stores,
4>A%
2
4-19
—
(quar.)
Ami Co., class A
Bon
4-
Co._,,-U'——r~& Brass Corp
Aluminum
3-
Co.—
Cement
preferred
6%
2
Share
Name of Company
Celotex
5
4-
$1
tSl
$$1.7o
+$2
Packing Co. (quar.)
—-—.
Belding Corticelli, Ltd., com. (quar.),.——
7%
preferred
(quar.),,——Bell Telephone Co. of Canada (quar.)
Beech-Nut
preferred Class
B
(quar.)
3-10
37'Ac
4-
3-10
$2.50
4- 2
3-17
Farmers & T^ad^rs
.
.
(Syracuse, N. Y.)
Life
Insurance
(quar.)
Volume
THE COMMERCIAL &
Number 4373
161
Per
Payable
Gulf
(quar.)
(quar.)—
(quar.)-.—Faultless Rubber Co. (irreguiar)
Federal Fire Insurance Co. of Canada (s-a)_
preferred
preferred
preferred
$5
$5
Federal
Fed,
Power Co.,
6-15
Hall
(C.
Halle Bros. Co., $2.40 conv.
Haloid Co.
(quar.)
9-29
9-15
12-20
12-15
1
3-15
8-15
8-11
Hanover
2
3-22
50c
Finance
Services
4-
Corp.
4-15
3-31
4-15
3-31
(Wash, D. C.)—
Harbison-Walker
preferred
4-20
Hart
&
25c
4-12
3-16
Hart
Schaffner
Dyeing
&
Co.—
Co., common (quar.)—
preferred (quar.)_____
Filing Equipment Bureau, Inc.—
$1.18%
Extra
Fund
4-25
4-16
$1
4-
2
3-22
4-
2
3-17
4-
preferred
Haverhill Gas Light Co
4-20
4-
$20
4-
2
3-15
77o
62V2C
4-
2
3-16
Helena
$1
i—
4-
2
3-21
$1.25
4-
2
3-21
17V2C
6-
1
5-20
17'/2C
pfd. (quar.)
Ltd., 77c
(quar.)—
(quar.)_
5
9-
1
——
1
11-20
Helme
Co.
Co.,
W.)
(Geo.
preferred
3-21
Hickok
77c
Oil
Rubinstein
see
57c
prior preferred
6-
5
30c
9-15
9-
5
30c
12-15
12-
5
lc
4-25
3-31
CI. A pfd. (quar.)
(quar.)—
37'/2c
1
3-15
Holmes
25c
4-
1
3-15
4-
2
3-15
$1
class
(quar.)_—___________
(quar.)
37'/2c
37 '/2C
7-
(year-end)—_
Corporation, common—
preferred (annual)
Froedtert Grain & Malting Co., Inc.
$1
6-15
5-31
6-
5-26
8
4-25
3-31
4-
2
3-15
4-
2
3-20
4-
2
Hoover
3-20
:
(quar.)
25c
4-30
pfd. (quar.)—___.—
Fuller (Geo. A.) Co., 47c preferred (quar.)_
Fulton Trust Co. (N. Y.) (quar.)
:—
$1.75
4-
2
3-20
$1
4-
1
3-16
$1.50
4-
2
3-19
4-15
4-15
3-31
4-
3-
57c
Fyr-Fyter
50c
Class A
Company,
10c
(Robert)
pfd. (quar.)
Co., 6%
Co.
Galveston-Houston
Power
preferred
3-26
$1.50
4-
2
$51.25
4-
2
3-
1
4-
2
3-1
75c
4-
1
3-22'
$1.50
4-
2
Manufacturing Co.—
General American Oil Co, of Texas—-
(quar.)—
Transportation
preferred
conv.
American
'
_L
Corp.—
Co.,
General
—
Electric
Co.
General
Finance
Corp.,
preferred A
2
2
3-
5-
1
4-14
$2
4-
2
3-17
Machinery
_
Corp., common (quar.)
class A (quar.)—.
—
(quar.)_-ii._——
Telephone Corp.. $2.50 pfd. iquar.)_
Genesee
(quar.)
Gillette
Safety
Razor,
Brothers,
$6 preferred
Glen Falls
$5
Inc.,
State
Golden
Co.,
preferred
(quar.)
4-28
3-20
4-
2
3-20
$1.13
4-
2
3-20
25c
4-
2
3-20
$1.50
4-
2
3-20
5-15
4-17
$1.13
$20c
$$I7fi5~;
62 '/2c
3
5-
1
4-
4-
2
3-15 :
4-
2
3-15
4-
2
3-15
4-
2
3-15
1
4-20
5-
1
4-20
2
3-15
4-
2
3-15
5-30
5-26
4-
3
3-12
4-
1
3-20
$1.25
5-
1
4-
$1.50
(quar.)
—
40c
5-
4-25
2
4-10
4-25
3-20
4-
3-14
2
56 'Ac
4-
1
3-12
$1.75
4-
2
3-20
$1
4-
1
3-17
$1.75
4-
1
3-17
$1.50
4-
2
3-15
Ltd.
62 Vic
30c
(irreg.)
4-
$62c
———
2
3-10
4-14
3-31
4-
3-15
4-
2
3-15
preferred (quar.)
Graham-Paige Motors Corp.—
57c Class A preferred (quar.)—_„—
$62'/2C
4-10
3-31
(quar.)—______
35c
4-
2
3-16
25c
4-
2
4-14
3-20
57c
T.) Co., common
(quar.)
preferred
Co. (N. Y.) (quar.)
Great Lakes
participating pfd.
I
62'/2C
Paper Co.. Ltd.—
class B
—
2
$2
(accum.)——
$25c
participating preferred (quar.)_
$$1.75
4-16
3-31
$$3.75
4-
2
3-20
Great Lakes Power Co.,
$2
class
A
Western
Great
Sugar,
common
—
(quar.)„
preferred
77c
(quar.)
(B.) Wire Co., Ltd.
______
(quar.)_——_
Greenwich Gas Co., $1.25 partic. pfd. (quar.)
Common
Greif
Water
Bros.
System,
Cooperage Co.
67c pfd. (quar.)_
(quar.)—
77c
preferred $100
(quar.)
4(4%
preferred (quar.)—
Griesedieck Western Brewery (irreg.)
5V*7o
preferred (auar.)——
Group Corp., 67c preferred (quar.)
Watch
Guaranty
Guardian
$1.50
Guardian
Oil
2
3-15
4-
2
3-15
$15c
4-
2
3-
4-
1
31'/4C
4-
2
3-20
4-
2
3-20
$1.50
4-
2
3-12
80c
4-
1
3-25*
Trust Co. of New York (auar.)—
Trust (Hartford, Conn.)—
-£i
Public Util. Invest. Trust (irreg.)
Rail Shares Invest. Trust (irreg.)
Corp.
(accum.)
(quar.)
Special
1
3-16
3-12
4-
4-
'
6-
1
U
;:V 4- 2
3-22
4-
2
3-22
4-
1
3-12
1
4-20'
1
4-20
1
3-21
$20c
4-15
3-15
(Port Wayne,
$37 %c
4-15
3-15
4-
3-23
20c
V
5-
1
"4-10
5-
1
4-10
Lit
4-14
3-30
3-15
1
5-16
Bros., 67c
77c
5-
1
4-
3
87c
4-
2
3-
9
4-
2
3-15*
Lord
4-
2
3-15
Lorillard
2
3-16
77c preferred (quar.)_
Louisville Gas & Electric Co.
preferred
preferred
Steel
57c
■
5Vs7c
4-
2
3-15
25c
4-
2
3-
9
Kahn's
25c
4-
2
3-
9
7%
77c
(E.)
Sons,
preferred
7-26
1
10-26
$1.62%
4-
1
3-15
25c
4-16
ioc
4-16
3-31*
37Vic
4-
2
3-17
$1.12Vi
5-
1
4-14
4-12
4- 2
$2
4-
2
7-
2
6-22
10-
1
9-21
1-2-46
12-22
"
(quar.)
Co.
(quar.)
3-31*
3-23
30c
(P.)
Co.,
($100
($25
convertible
6%7c
4-
2
3-15
4-
2
3-17
3-15
37%c
4-25
3-31
$1.25
4-14
3-31
(quar.)
3IV4C
4-14
3-31
27V/2C
4-
2
.3-20
3-22
par)
com
Inc.—
preferred
Co.,
3-17
2
(quar.)________
par)
preferred
3-17
2
$1.75
(Ky.),
2
4-
25c
(interim)
4-
$2
common
4-
ioc
preferred
$1.62%
2
2
1
9-21
4-
2
3-15
6%7c
1-2-46
12-22
4-
2
3-15
Lux
4-
2
3-15
MacAndrews &
4-
2
3-15
10c
4-
2
3-20
Clock
<quar.)_
$1.62%
Manufacturing Co.__.
Inc.,
35c
2
3-20
4-
2
3-20
Macv
4-
2
3-20
6-
I
Mahoning Coal
6-15
,6-
1
Maine Central
6-15
6-
1
6-1
-'5-10
preferred
participating
(R.
H.)
(R.
Co..
(initial)
4-
5
3-23
3-20
50c
4-
5
3-20
4-
6
3-14
5-28
5-15
4-15
3-31
50c
Co
RR.
3-31
40c
1
Co., $2 class A pfd. (quar.)
C.)
3-31
4-14
25c
'.
Ir.c
4-14
2
50c
Madison Square Garden Corp
6-15
(initial)
com.
4-
$1.50
Forbes, common
preferred (quar.)
Macfadden Publications,
$1.50
6-21
25c
6 7c
4-
$6.25
4-
2
3-24
$1.50
4-
2
3->26
(quar.)__$0.265625
RR., 67o prior pfd.
Mallory (P. R.) & Co., 4%% pfd.
Manning Maxwell & Moore, Inc.
4-
1
3-45
(quar.)__
25c
Mansfield Tire & Rubber,
3-31
3-31
2
3-15
4-
2
4-15
3-30
50c
4-
1
3-15
5-10
4-30
Manufacturers Trust Co. (N. Y.)—
4-10
3
4-
25c
<8-10
11-10
4-
50c
1
1
30c
50c
9-
12-
3-
2
'■IV4J- 2
,C'4-
Common
7
$2
preferred
(quar.)
Mapes Consolidated Mfg. Co.
Marathon
3-
5
(quar.)
(quar.)
Corp., common
preferred (quar.)
57c
(quar.)
(quar.)
3-22
NTC4--3
iw
conv.
6 7c. pfd.
3-22
2
$1.25
4-
3
3-
5
Marchant Calculating Machine
xl%%
4-
3
3-
5
xl%%
X1 %
■
%
;
4->i3
3-5
.
3-
4- 3
5
Marion-Reserve
Power
Marion Water Co.,
$1.50
.
3-15
-:h4- 2
Marsh
4-
2
l
3-10
1
& Sons,
Co.,
3-10
77c
B
77c
preferred
Massachusetts
4-
1
3-
2
McCaskey
$1.25
4-
1
3-
2
$1.50
4-16
4-
2
McClatchy Newspapers, 77c
77c
preferred (quar.)
5-55
5-15
2
*
3-20
3-20
McEwan Kaiser Co.
Machine
2
3-17
Co.,
3-20
3-29
2
3-20
4-14
3-31
1
3-22
7%
pfd.
pfd.
4-
4-20
3-29
6-
1
5-21
$1.75
(quar.)
4-
2
3-28
43%c
(quar.)
preferred
4-
35c
*
(auar.)_
6% non-cum. pfd. (ciuar
Co
4-16
4-16
21c
(quar.)
McDonnell Aircraft,
4-
37Vic
.
(increased)
McColl-Frontenac Oil. 67o
McKay
3-12
$1.75
$1.25
2
(quar.)_:
Trust
2
4-
3-15
2
15c
(quar.)
3-
4-
2
4-
$17Vic
6
preferred
2
4-
$17%c
4-
77c
3-16
4-
40c
(quar.)
Investors
Register
3-21*
$1.75
Ltd.
50c
May
3-20
3-31
$1.25
(quar.)_
(quar.)
(quar.)
preferred
2
4-10
4-
75c
pfd.
preferred
Martin-Parry Corp
Maryland Drydock Co., common
"
62 %C
$5
<quar.)__
4-16
25c
Co.
(quar.)
Maritime Telegraph & Telephone Co., Ltd.—
3-23
$1.75
(M.)
7%
3-15
37Vic
Margay Oil Corp. (quar.)
L_
Marlin-Rockwell Corp. (reduced)
25c
—
1
7-
'
common
(quar,)
4-25
1
8-
$2
$133.27
70c
preferred A„
preferred B„
3-23
3-13
5-
&
$46.78
Mills. 77c
4-20
2
2
4-
3-10
Judson
1
44-
11-
(quar.)_
Lunkenheimer
4-17
3-15
5-
75c
$1.75
10-
1
2
3-20
$1.62%
1
4-
3-20
2
$1.62%
4-
65c
57c
2
4-
(quar.)
5-
Joplin Water Works Co., 67c pfd. (quar.)___
3-15
4-
ioc
(quar.)
(quar.)
$1.75
3-15
2
10c
preferred
$1.06%
3-14
4-
4
preferred
preferred
4,/2,7" preferred (quar.)_
2
31'Ac
3-31
%
.
•'
Taylor
Common
2
3-31
6'/27u
4-
4-
4-16
6%7o
$1.50
4-
4-
$1.30
(quar.)
3-15
$1.37%
$3
4-14
3-31
__
60c
9
2
$1.50
(quar.)_
4-
4-
4-
Laughlin Steel Corp., com.
preferred A (quar.)
preferred B (quar.)__
3-19
30c
(quar.)
Chain
Extra
&
(quar.)
x$1.75
Jones &
3-14
2
$2
87c
50^
(quar.)
4-14
2
4-
$2
3
25e
(quar.)_^
_____
1
4-
$2
preferred (accum.)
preferred
4-
(quar.)
(quar.)^—.—
5-
$1
(Thomas J.), 67c. preferred (quar.)__
Liquid Carbonic Corp., 4Vi7o pfd. A (quar.)
1
Vi 4-
(quar,)—
Jewel Tea Co., Inc.,
25c
_,
5-
30c
—
——
(quar.).
6-15
3-15
$1.75
Lipton
Jersey Central Power & Light Co.—
preferred
2
(quar.)_
common
30c
preferred
preferred
7-
(quar.)
(ciuar »
Lock Joint Pipe Co., 8%
87c preferred (quar.)
Co.,
$2.10
preference D (quar.)
;
Telephone Corp. (N. Y.)—
67c
oreferred (quar.)
Jeannette Glass Co., 77c pfd. (accum.)__—
2
3-15
3-12
Mahon
57c
6-
3-24
2
Jamestown
4-
1
Oil Refining
4-
'
57%7o
3-15
30c
preferred
$1.95
$6 preferred
67c
2
(quar.)
30C
3-15
6-15
4-
Insurance Co.
$1.80
Quarterly
preferred A
2
(quar.)__
Extra
Co.—
preference B (quar.)______
57c preference C (quar,).—
4-14
7-
87Vic
$1.75
preferred arrear
77c
3-23
2
25c
$1.62%
.77c
2
4-
$1.75
common
(quar.)———»___*—
Jamaica Public Service, Ltd., com. (quar.)
4-
4-25
$1.50
—__
common
3-20
25c
preferred
$1.50
Y.)
2
75c
6'/2%
Co.,
3-31
4-
81 %c
(quar.)
(N.
3-31
4-15
87 %c
(quar.)
Coal
3-31
4-15
37Vic
Ludlow Valve Manufacturing Co.,
(quar.)
4-15
62Vic
45c
ctfs. (accum.)
preferred arrear ctfs. (accum.)
77c preferred arrear ctfs. (accum.)
Iron Fireman Mfg. Co. (quar.)
3-10
62Vic
$$1.75
(quar.)
3-15
2
<quar.)__
t8%C
preferred
2
30c
(quar.)
t$1.75
Inc.—
4-
75c
.___
$$1.50
(quar.)—
3-10
50c
;
3-20
Ltd.—
5
2
ioc
3-19
Locke
4
4-
; '
Co..(quar.)
1
3-31
Co.
;
(quar.)
6 %%
4-16
2
4-
Lion
Co..
4-16
2
4-
&
4-16
$1
S
811-
}30c
__
.
5-
11-15
125c
____________
Y.)
(N.
Ind.
Belt
10c
Creek
3-20
8-15
30c
13c
Trust
3-16
2
5-15
25c
Co.
$$1.50
Mutual, Inc. (quar.)—
Light & Pwr., 7"o pfd. A (accum.)
6V27c preferred B (accum.)
6% preferred C (accum.)
Iowa Power & Light Co., 67o pfd. <quar.)__
Trvfne
2
4-
25c
__
$35c
Elec.
4-
51
4-
65c
—
Investors
Island
4-
62 %c
(qupr.)
(quar.)_
common
(quar.)__
Link
37 %c
(quar.)
3
30c
3-l§
4-
20c
2
4-16
Irving Air Chute
3-17
37Vic
Co., $2.50 pfd.
Lincoln National Life
(quar.)—^
(quar.)
pfd. (accum.) —
Stores (increased)
Utilities
2
25c
preferred
$75c
Southern
3-20
4-
Quarterly
Quarterly
$3.50
cum.
67c
2
of Virginia (irreg.)__;
Liggett & Myers Tobacco Co., 77o pfd. (quar.)
57c
Iowa
4-
Life Insurance Co.
3-24
preferred
3-13
$1
'
4-14
$7
2
Class
35c
preferred
3-13
4-
4-304
$1.25 convertible preferred (quar.)
Liberty Loan Corp., class A__
Interstate
preferred
2
4-
Cement, common
preferred
$6
4-
3-22
Lexington Telephone Co., 5.2% pfd.
Liberty Aircraft Products Corp.—
5 7c
$6.50
3-21
40c
1
4-30
2a
Stores
4-20*
Iowa
2
2
(quar.)
Corp
4-
7% pfd.
(quar.)
Public Service Co.,
4-
0-
Lerner
Corp.
3-19
77c
3-21
67Vic
4-14
Lehman
1
"C"
2
4-
3-15
2
Fund
4-
}5c
3-23
1,
4-
Investors
3-21
62Vic
25c
(quar.)
5-
Iowa
2
$1.75
& Co., 77c
5-
(quar.)——
preferred
3-17
4-
(quar.
Portland
4-
convertible
3-30
25c
3-10
(Charles)
50c
67c
4-15
2
4-14
preferred
$1.75
Investment Foundation
1
4-30
4-
12c
1'
4%
5-
$3.50 preferred
Department
5-
37Vic
2
Steel
preferred
40c
Co
Corp.,
3-15
ioc
87 %c
Utilities
1
common
Interstate Bakeries Corp., $5
Int'l
4-
4-
preferred
Lehigh
Products Co.—
International Silver Co.,
50c
^—
$2.50
of Canada, Ltd.
Shoe Co.
25c
3-12
5-
50c
International
3-12
$1.75
R.)
Co.,
$1.12%
(quar.)
preferred
Salt
34%c
—.—
3
4-
50c
par
International
35c
Invest.
preferred
Guardian
Gulf
Co.—
5
$1.75
40c
4-
4- 2
50c
(quar.)
77c preferred $5 par (quar.)„
International Power Co., Ltd.—
1st
<fc
(P.
$2.50
■i
common
International Nickel Co.
$1.06V4
Grevhound Corp., common
Gruen
3-
24c
—
—
Greenwich
2
Ltd.—
Great West Life Assurance (quar.)
Greening
4-
7
30c
,
—
Industries,
Metal
Electric
&
3-
50c
(accum.)—
com.
3-12
2
(quar.)_
pfd.
(quar.)
25c
Co.,
2
4-
$1.50
Leich
3-16
30c
57c
Leath
4-15
$1.25
(quar.)
—————
participating preferred (quar.)—
Button-Hole Sewing Machine (quar.)—
77c
4-
25c
2
4- 2
V,
$1.31%
(interim)—
67c convertible preferred A (quar.)—_—_
67c convertible preference (quar.)—__
International Milling Co., 47c pfd. (quar.)—
Int'l
preferred
Lazarus
Common
Harvester
2
4-
(quar.)_
Lawyers Trust Co.
4-
—u—
Quarterly
4-
8c
75c
Interlake Steamship Co.—
International
37Vic
(quar.'
20c
67c
International Bronze Powders, Ltd.—
3-20
A
Latrobe
1
3-15
6-15
(quar.
3-29
1
2
Class
$2
3-20
5-
2
3-10
lOc
2
$1.50
pfd.
Langendorf United Bakeries, Inc.—
2
4-
4-
4-
(initial)
_________—___________
4-
3-17
4-
3-31
25c
(John A.) & Sons (increased quar.)
75c
3-20
;
3-31
4-28
(quar.)
Co.,
3-15
3-20
7%
Great American Insur.
9-20
30c
Ltd.—
Cellucotton
3-22
15c
$1.18%
Corp., 6%
Sessions
2
Securities
International
Co.
Machine
Extra
12-20
2
> 25c
—___
(N. Y.)
(quar.)
Grant i W.
9-29
12-30
2
10c
6-20
6-30
$1.03%
Corp., $4 pfd. (s-a) —
Interchemical Corp., common (quar.)—
4Vs>% preferred (quar.)
_______—
Int'l
3-17
2
4-14
Common
Aviation Shares
67c
2
4-
$1.12Vi
preferred
(quar.)
2
Goodyear Tire & Rubber Co. of CanadaCommon
Common
4-
conv.
iVs7o
Co.,
Globe-Wernicke Co.,
4-20
4-
60c
pfd. (quar.)—
preferred (quar.)__
Godchaux Sugars. Inc., class A (quar.)
$7 preferred (quar»)_.—
Gold & Stock Telegraph (quar.)_
Goldblatt Brothers, $2.50 conv. pfd. (quar.)_
Glidden
1
4-
87 '/2C
(s-ai
common
(quar.)_
Insurance
5-
$1.75
4-10*
4-
30c
(quar.)
5-10
25c
C.) Co., $3.50 pfd. (quar.)_
Art Co.
(quar.)—__—___A_—
Gimbel
Common
5-25
$1.50
—
(A.
Gibson
3-15
Inter-Ocean
$1.25
Inc., class A
Co., preferred
A.)
1
40c
Inter-Mountain Telephone Co., common——
; t.y, 40c
67c preferred
25c
(S.
4-
2
25c
—
Class B
Gilbert
Landis
9
75c
(quar.)
Georgia Power Co., $5 pfd. (quar.)
67c
preferred (quar.)——
Gerrard
Lamson &
3-
5-10
$1.06%
Instrument, common—.
Brewing Co.j
Lambert
2
3-
General Water Gas & Electric Co.—
preferred
3-31*
3-31*
4-
4-
common..
Securities,
3-17
University, 7 % preferred(interim)—.
4-14
9
3
2
$1.50
Mines, Ltd.
(quar.)__
4-14
.
4-
4-
(quar.
La Salle Extension
Class B
preferred A (quar.)_
Corp.,
Rayon
4-30
2
Manufacturing,
preferred
Lamaque Gold
4-
67c
4
$1
3-31*
4-25
9
$5 pfd.
•
4-14
5-25
$1.
LaPlant-Choate
3-21
4-
4-16
;t
9*
preferred
$3
3-22
2
$1.25
_____
3-23
$1.25
(quar.)__
preferred
4-14
5c
3-
preferred
2
2nd
preferred
$1.18%
1st preferred
convertitble
60c
Institutional
'
$6
44-
77c
Co.—
(quar.)
4-
5C
LaCrosse Telephone
Industrial Brownhoist Corp.—
3-31
4-
General Time
11-21
$1.25
—
Indianapolis Water, 57c
3-10
$1.25
preferred A (quar.)_
General Railway Signal Co., common.;
67c
preferred (quar.)—______________—
General Steel Wares, Ltd., common (reduced)
General
8-21
1
1st
$$1
Indianapolis Power & Light, common
5(47c preferred (quar.)
2
$1.25
$4.50
77c
1
67o
Lang
preferred (quar.)——
Indiana & Michigan Electric Co.—
A%7o preferred (quar.)
4-14
£.—
(quar.)„_
preferred
912-
$1.25
Telephone
4-10
$1.75
37Vic
Kresge Department Stores, 47o
Kroger Grocery & Baking—
35c
;
$3
4-
$1.12 V2
iquar.)
General Printing Ink
$4.50
(quar.)
4-28
(quar.)
$1.25
Imperial Paper & Colour Corp.—
Incorporated Investors
—„
Indiana Gas & Chemical Corp.—
:l
(quar.)
Paint Corp., $2.67 preferred (quar.)
General
5-21
75c
—
(final)
preferred
Motors Corp..
1
25c
pfd. (quar.)
Corp., common
convertible
preferred
preferred
6-
•
(quar.)—__
Corp
General Mills Inc., common
General
$4.75
3-16
$1.31%
(quar.)
Commercial
#
30c
preferred B (s-a)
General Fireproofing Co., 77c
Instrument
Corp.
preferred (quar.)
preferred (quar.)
57c
Industrial
40c
quar.)_
common
(s-a)
67c
4%7c
57c
Illinois
2
25Q
(increased
General
General
preferred
23c
(irreg.)
Corp.
Mortgage
3-16
25c
(quar, )_
(quar.)__
preferred
35c
—
3-15
2
12 Vic
25c
(quar.)
1
4-
37%c
15c
(quar.)
57c
l'/2c
Capital
General
Erie
&
4-
50c
Stores, 5V47o preferred
4-
50c
(quar.)
preferred
4%%
$1.50
Co
.
4-
_
Co
Box
4- 2
3-20
15c
common
preferred (quar.)
General
15c
62'/2c
Quarterly
General Baking
3-20
Bearing
Hussman-Ligonier Co. (quar.)
Huttig Sash & Door Co.,
3-15
$$1.37
—
Huron
9*
2
(quar.)——-—
General American Investors, $6 pfd. (quar.)
57t
2
4-
partic. pref. A
57c
'
20c
—________________
Inc., CI. B conv. pfd. (quar.)_
Co., 57c preferred (quar.)_
Co.,
Gatineau
30c
________
&
preferred
Howard
3-31
77c
Ball
Horn & Hardart Baking Co. (N. J.) (quar.)Houdaille-Hershey Corp., class B
Household Finance Corp., new com. (initial)
New common (initial)
3-15
$1.12%
(quar.)
(quar.)
_
25c
—_■
2
Knapp-Monarch Co., $2.50 preferred (quar.)
$2.70 preferred (quar.)
Koppers Co., ccmmon
25c
—
;
4-
Mining Co., Ltd. (s-a)_
Co., $1.50 preferred (quar.)_.
Klein (D. Emil) & Co., Inc. (quar.)
$1.50
(quar.)_____;
$1.25
Kirsch
Inc.—
Co.,
class A
4-15
Co.,
Ltd.
class A—.
$1
$1
—
(quar.)
A
3-31
$$3
non-cum.
Co.,
&
(Henry)
6-15
$2
Frink
Co.
3-14
3-15
Kinner Motors, Inc.
Kirkland Lake Gold
2
25c
H.)
2
$50c
< quar.)_
____—.—
J.), Ltd., 67c pfd. (accum.)__—
Brush
Development
(D.
—
—
,
4-20
50c
C
___;
$3
(quar.)—
Cos., Ltd.
(A.
Electric
Holt
(quar.)
(quar.)
Light, common..
$35c
common
2
6-15
,
3-14
2
2
(quar.)
King-Seeley Corp., 5%
30c
4-
Street
3-19
Hilo
Holly
6th
2
3-16
3-15
(Canada)
4-
3-15
2
4-
Extra
4Vi7o
2
2
West
3-19
4-
4-
Co.
4-17
2
A
2
4-
4-
Refining (irregular)
Kentucky Utilities, 6% preferred (quar.)
Kerr-Addison Gold Mines, Ltd. (interim)
Kidde (Walter) & Co., Inc. (irreg.)
Kildun Mining Corp.
(liquidating)
Kimberly-Clark Corp., common
(quar.)
3-20
4-
50c
40c
Four-Twelve
1
4-27
31 Vic
Holland Furnace
Common
Foundation
3-10
3-
3-20
Four Wheel Drive Auto,
2
4-
preferred
Ltd.
3-31
4-
$1.75
.
Co.,
Class
conv.
3-14
4-16
12Vic
common..;
(quar.)
A.)
2
4-
$1.50
_____
Natural Gas,
$4.50
5
$1.25
pfd. iquar.)_
$6 preferred (quar.)
(quar.)
Co.,
5
12- S
50c
Co., 57c
Electric,
(Chas.
6-
9-
9-15
12-15
$1.50
Kendall
4-16
2
preferred
4-
4-
4-
prior
3-10
2
Common
prior preferred
2
6
3-23
67c
4-
15c
Drug
Class B
4-
2
67c
3-14
5-
4-
common
3-16*
2
4-15
75c
67c
3-20
2
75c
3-20
Kleiser Co.,
2
4-
4-
$.25c
1
Wheeler Corp.,
4-
$1.50
Co., common..
preferred (quar.)
57c
Power
&
preferred
$1.50
$1.75
4-
&
3-22
$1.50
(quar.)
25c
Foster
2
3-20
25c
preferred (quar.)—
Forbes & Wallace, $3 class A (quar.)
Foreign Light & Power, 6% 1st pfd. (quar.)
Foster
4-
3-15
Co.—
Kellogg Switchboard & Supply—
57o
preferred (quar.)__
Kelsey-Hayes Wheel—
$1.25
Higbee
(quar.)
Department Stores, Inc.
Kaynee Co., 77o preferred (quar.)
3-23
(quar.)_
(quar.)__————————
(reduced!——_____I—v
4-16
1
2
(monthly)_
preferred
3-16
Insulation
5-
2
6-15
Co.—
Kaufmann
(Helena).
2
"
3-31
$1.75
4-
$1.50
4-14
$1
25c
B
Kaufman
2
common
3-16
Foote-Burt Co., 5 %
3-23
4-
(quar.)
2
.
2
4-
(quar.)
Corp.,
4-
$5
$1.25
preferred
Co.,
Rubinstein,
3-15
4-
j5C
(irregular)
preferred
2
37 Vic
(quar.)
$6
Motors Corp. (quar.)
Hibbard, Spencer Bartlett & Co.,
8-20
2
Glass
Henkel-Clauss
Gas
4-
35c
4-
87c
4-10
$1.25
—
50c
67c
4-27
$1.62 Vi
Hercules
Hazel-Atlas
(quar.)_,
_____—
4
i
General
Kansas
5c
■
—
3-17
(quar.)
(quar.)——
Paper, 67c
preferred
Shoe Class A (quar.)
Florsheim
$3
Kansas Electric
3-20
7%
of Rec,
i5C
;
Southern Railway
preferred
Katz
Hinde & Dauch Paper Co. of Canada
5 %%
3-29
2
4-
47c
Kansas Nebraska
Haverty Furniture, $1.50 pfd. (quar.)
Hawley Pulp & Paper Co., $6 2nd pfd. (quar.)
3-31
B
4-16
75c
(irregular)____
prior
2
preferred
3-20
$1.75
(initial).
4-
Gemmer
Kansas City
2
;
preferred
12-
Gannett
6
4-20
isc
____
Power & Light
4-
50c
$1.50
Gair
Kansas City
40c
17'/2C
Fuller
3-19
(Hartford, Conn.)—
(quar.)
57c
2
—
Corp. of America, 6V2% pfd. (quar.)
Hatfield-Campbell Creek Coal Co.—
50c
(quar.)——
preferred
preferred
Flambeau
Freiman
(quar.)
4-
$2.95
_
(quar.)
$1.25
Hat
4-16
Co
$4 preferred
Co.,
preferred
Fitzimmons Stores,
4-16
$3
(New York)
National Stores
Fraser
Common
Common
Marx
Brewing Co.
75c
Rubber
&
First National Bank
Fisher Bros.
9-k
(quar.)—
Tire
4-25
Fran¬
(San
Co.
Insurance
Calif.)
Formica
5-10
3-15
:
57c
;
.
Fireman's
&
non-cum.
Harvard
2
"
Pennsylvania (quar.)
of
$3
3-31
4-
$2
preferred (quar.)—
Co.
4-10"
4-15
$6
(Wm.) Sons
Class
1
2
$1
Hartman Tobacco Co.,
4%%
77c
64-
Quarterly
1
4-
1
5-
$4
Cleaning
preferred
77c
(quar.)
Holier*
Payable
Vegetable Parchment Co.—
4-
Cooley Co., Inc.__.__:
Hartford Fire Insur. Co.
25c
$5
Common
$6
4-20
(quar.)—______——
(New York) (quar.)
First
Kalamazoo
•
$1.50
4-30
Fifth Avenue Bank
cisco,
9
3-15
2
Semi-annual
Co.—
4-30
(accum.
United
Firestone
4-
4-
$22 Vic
(quar.)
37V2C
$1.75
47c
4-16
When
Share
Allegan & Grand Rapids RR.—
30c
Harris-Seybold-Potter Co., $5 pfd. (quar.)
Harrisburg Gas Co., 77c preferred (quar.)
Curme Shoe Stores—
Feltman &
Finance
Refractories
preferred
3-31
Kalamazoo
$1.12 Vi
(quar.)
$1.06'/4
preferred (quar.)
Department Stores, common
convertible preferred (quar.) _______
Fedeiation Bank & Trust (N. Y.)
4'A 7o
Filene's
6 7c
preferred (quar.)
(N. Y.)
4-10
4-
__
Federated
77c
Insurance
Fire
Name of Company
3-20
60c
Hamilton Cotton Co., Ltd. (quar.)_.
Hammermill Paper Co., 4V2 % pfd. (quar.)__
4-
25c
Per
of Rec.
2
15c
$1.25
$$1.50
Payable
$1.50
(quar.)
(irregular)
Lamp Co.
M.)
Share
1465
1
Holdert
When
20c
$6 preferred
$1.25
$1.50
J.
67c
Fenton
,
35c
of N.
Common
$7
6-30
$1.25
(quar.)
Co.
Insurance
Name of Company
of Rec.
Fansteel Metallurgical Corp.,
$5
Per
Holders
When
Share
Name of Company
FINANCIAL CHRONICLE
>
5-31
5-29
43 %c
8-31
8-30
43%c
$$1.50
11-30
11-28
4-14
3-31
$1.50
4-
2
3-26
25c
4-
2
3-20
THE COMMERCIAL & FINANCIAL CHRONICLE
1466
-
'
-
Monday, April 2, 1945
'
When
Per
Name ol
(Arthur G.)
McKee
McKesson
McLellan
6%
preferred
McQuay-Norris
Johnson
Mead
Co.,
$1.25
25c
75c
(quar.)^—v_i———
Manufacturing Co. (quar.)—
&
Co.
(quar.)_
50c
_™_™^_
Corp.,
preferi-ed (quar.)
Mercantile
50c
$1.25
(quar.)
common
—
25c
5- 5
9- &
12- 5
6- 5
9-5
12- 5
4- 2
*}.Y?
*bVl,
a" X
preferred
6%
57«
57c
—
5%
Merck
&
4 72 %
57*%
Co., Inc., common
preferred (quar.)—
(quar.)
preferred
Copper Co
Neiman-Marcus
preferred
Neisner Brothers,
Newberry
3-15
—
86
Junior preferred (quar.)
preferred (quar.)
;—*
77c
3-15
4-20
$2
4-20
6%
6-
New
9-
4%
12-
New
3-20
3-20
3-20
4- 1
4- 2
82,40
5%
Midland
(
"
(Hone
3-15
$2
Stefel
preferred
non-cum.
preferred
8%
50c
50c
$2
25c
50c
15c
(quar.)—
common
(quar.)
(quar.)
Midwest
Piping & Supply.™
Midvale
Company
Miller Manufacturing
class
Convertible
Minnesota
77c
Power
preferred
$6
Co.,
A
&
Mississippi Power &
$6
first
Missouri
Gas
Missouri-Kansas
Class
B
Pipe
Line,
(irreg.)—
Modern
5%%
Co.
Rubber
Co
77c
West
Public
Penn
Chemical
$4,50 preferred
$4.50 preferred B
C
A
3-17
6'/o
3-20
Northern
$1.50
3
3
1
2
2
3-16
Northern
5%
Illinois Corp.,
Indiana
preferred
$5
Public
$6.50
4- 2
4- 2
3-15
preferred
3-17
4-16
77>
4-2
4- 2
4- 1
4-16
3-15
3-
8%
&
Worcester
preferred
Nova
4- 9
6-1
6- 1
6- 1
Ohio
Scotia
5-1
4-16
4- 2
4-16
4-2
4- 2
4-12
(quar.)
50c
$1.75
"i48c
155720
f$1.75
t$l>75
(quar.)
a™
Moore-McCormack Lines, Inc.,
$2.50 convertible preferred (quar.)___—i
-
4- 2
3-15
472 7c
3-19
Ohio
8%
1st
5V2V0
preferred
Mining & Development Co.—
——lc
6- 4
5-15
Omnibus
$1.50
4-16
Mullins Manufacturing—
■ v-.'':?.
$7 preferred (quar.) ™™™_7__™._™™™™-;$1.75
6- 1
3-31
Quarterly
Mountain
___
States
Tel.
&
Tel.
$7 preferred (quar.)
™_™.—™__
$7 preferred (quar.)__
...™;
Murphy (G. C.) Co., 4%% pfd, (quar.)™__
Murphy Paint Co., Ltd., common (quar.)
$1.75
$1.75
$1.183/4
t20c
t$1.3772
572% preference (quar.)_
Murray Corp. of America™--™.,™™-——25c"
Murray Ohio Manufacturing Co
30c
Muskegon Motor Specialties Co.—
._
$2
class
A
(quar.)
Mutual, Chemical Co.
_______
50c
_
of America—
G%
preferred
(quar.)—
67c
preferred
preferred
(quar.)
Mutual
System,
$1.50
(quar.)
(accum.)
Co.,
5%
1
5-15
6-28
6-21
6-
$4.50 preferred
9-28
Cumulative
9-20
12-28
12-20
3-31
3-31
Pacific
Coast
3-15
Pacific
Finance
(quar.)_
$1.25
3-22
5%
50c
4- 2
4- 2
3-22
Pacific
3772c
4-2
3-26
4-
3-
67c
Convertible
convertible
25c
2
8
15c
6-
1
9-
1
8-10
12- 1
11-8
4-14
3-
15c
4-16
3-29
150c
4- 2
144c
(quar.)
15c
._
'■
National Bond
National Breweries,
77c
7%
Corp.
Ltd.,
(quar.)
Candy,
1st
preferred
2nd preferred
National Cash
National
(increased
common
<quar.)__
(quar.)__
Register Co.
Casket
Co.,
quar.)_
Inc.,
Common
6%
Quarterly
4-
2
3-13*
4-
2
4-14
2
4-30
1
4-14
4-16
4-
4-
3-24
2
2
5-
1
4-21
2c
8-
1
7-21
50c
4-
2
3-21
50c
,
Box
B
(s-a)_
.
National Lead
._
(quar.)
4-
2
3-26
5-1
4-18
4-
2
2
2
2
3-17
4-
2
3-17
4-
2
*••'••<4-
$2.50
.
Manufacture
class
A
&
3-31
2-28
2
&
5%
Treating
Radiator
Co.,
preferred (s-a)
(Irregular)
common
Refining, Bck pfd. (quar.)
National Shirt Shops (Del.), common
$6 preferred
National Steel Car,
National Sugar
Co.
Ltd.
(quar.)
(quar.)
Refining Co
Naugatuck Water Co
6%
-
Penmans,
$6
5-
1
4-16
25c
4-
2
3-15
3-20
6%
4-16
3-31
4-16
3-31
4-14
Rayonier, Inc.,
3-15
Reece
2
3-15
5-15
4-15
Reading Co., 2nd preferred
Real Silk Hosiery Mills, 7%
5-15
41-15
5%
3-26
4-
1
3-
1
10-
1
9-
1
3-
l:';>-
7-31
Peoria
5
3-15
Pere Marquette,
2
3-14
Perfect Circle Co.
$2
4-
2
20c
4-
Water
&
3-26
2
3-26
1st
2
3-25
2nd
4-15
3-15
Pfaudler
75c
4-
5-
2
1
3-15
4-16
Milk,
(quar.)_i
(quar.)
(quar.)
4-2
4-
2
3-26
150c
4-
1
3-
Refining
\
r.
5-
1
55
4-
2
3-15
4-
2
3-31
4-14
4-
2
4-
2
4-
5
3-16
4-16
3-31
4-14
$1
4-
50c
4-
2
5-15
4-2
5-
t$1.50
4-
$1.25
2
4-
40c
2
&
Co.,
2nd
7%
(quar.)
Power,
com.
(quar.)
3-15
5 7»%
pfd,
pfd.
2nd
pfd.
preferred
6%
3-15
$2
3-15
preferred
Co.,
ptc.
Class
Robertson
-
Inc.,
com.
(quar.)
:
(P.
Preferred
A
5
Root
9
SI
4-
2
3-20
Ryan
St.
3-11
3-11
$1,067*
1
3-11
4-
2
3-21
4-
2
3-12
15c
4-10
3-27
3-23
Petroleum Co.,
Aeronautical
St.
preferred
Joseph
-5%
3-15
4-
*
1
1
3-15
4-
2
3-19
$1.50
(quar.
4-
2
3-10
4-2
3-24
4-2
3-24
25c
$1.25
50c
(quar.)
Ry.
preferred
7
4- 2
J50c
class
Co.
A
2
3-13
4-
2
3-20
4-
2
3-20
20c
4-
2
3-15
$1,127*
(quar.)
4-
t50c
t627*c
com.
$1.20 conv.
John Dry Dock &
57*%
3-31
4-
9-15
Rubinsteint(Helena),
1
2
4-11
10-1
Rochester Telephone Corp., com. (quar.)
47*% preferred Class A (quar )
Rockwood & Co., 5% prior pfd. (quar.)_____
4-
1
4-
50c
_™^
3-
4-
4-10
$1.75
preferred
1
4-
1
(quar.)™
L.) Mfg., Ltd.,
2
4-
5-
4-10
6-15
(quar.)
4-
$1,067*
3-21*
Ltd.—
5-
25c
;
2
9-15
common
4-
3-12
3-15*
4-
1
(quar.)____
$1.25
2
1
2
10-
(quar.
$1.75
_;
3-10
5-
Water Works Corp.—
50c
(quar.)
preference (resumed)
2
4-
4-
$1.75
Riverside Silk Mills,
3-31
3-10
(quar.)
3-15
3-21
2
6-15
2
4-14
4-
1
4-
4-16
4-16
3-10
1
Ritter
$1
1
2
7-
preferred
Bros.
4-16
5-
74-
7-
5%
convertible preferred (quar.)„_
Riverside & Dan River Cotton Mills, Inc.„_
$2
5-1
9
$1.75
3-15
3
9
$1.75
3-15
3-
9
3-
$1.75
(quar.)
(quar.
4-16
2
3-
2
20c
(quar.)___
1
2
2
4-
317*0
_*.:
2
2
4-
$1,377*
pfd. (quar.)_
2
4-
3-
$1.3174
(quar.)
4-
4-
3-22
25c
4-
4-
2
2
$1.50
(quar.)
5-
$1
4-
4-
$1.50
$1.25
40c
4-20
$1.75
15c
$1.25
$1.25
3-31
5-1
15c
$1.50
(quar.)
4-18
25c
common
preferred
preferred
Richmond
2
A
1st
7%
preferred
1st
2nd
Richman
4-
$1.25
'■
1
4-14
30c
5%
'
__™_____^™______w_^._
Manufacturing Co., 5%
Paper (irregular
3-10 ~
2
2
5-
$1.25
(interim).
common
Brass,
Metals
7%
3-10
44-
25C
Rubber
Copper
3-15
.70c
25c
-t
Pfeiffer Brewing Co
&
7%
3-18
Pharis
Tire
dividend
7%
and
(quar.)_.
3-22
Ranch Oil Co.
—lc
Rice-Stix Dry Goods Co.—
"
7%
1st preferred
(quar.)_
$1.75
4-16
1
$75c
i.
3-22
2
Rice
3-15
;
2
4-
$1.067i
-
$1.75
77*
(quar.)
Inc.,
Rheem
2
2
4-
—
(quar.)________^_
Reynolds Metals Co., 572%
3-24
4-
1272c
$1,127*
(111.)
Rhinelander
2 7* C
1
3-29
30c
preferred class A
Revere
4- 2
8-1
11-
377*c
a
6% preferred class B (quar.)
Republic Steel Corp., common____™___
6% prior preferred (quar.).—
6% preferred (quar.)
;
3-15
\V-4- 1
(quar.)
preferred (quar.M
pfd. (quar.)
preferred
6%
12-1
Engineering,
preferred (quar.)
Republic Investors Fund—
3-15
.5-1
9-1
140c
Ohio)—
Grain, Ltd., 47«%
Stock
5
6-1
t40c
.
$4.50
3-17
10c
1
&
;Remington-Rand,
3-31
4-16
4-
Co.
(quar.)_
Co.
convertible
7%
3-15
4-16
' 3-19
140c
;
Common
S-SO*
4-16
25c
preferred
Electric
Reynolds
Lives
Corp., common
preferred (quar.).:
conv.
Reliance
N
(quar.)_^
iDayton,
7 7 Quarterly
Reliable Stores
5%
4-14
3-15
3-19
2
45c
Insurance
Reliance Manufacturing Co.
(quar.)_
on
Fire
Reliance
1
2
4- 2
4-
Regent Knitting Mills, Ltd.—
Reliable
V
4-
50c
preferred
t$1.25
(quar.)
common
83/<»c
common
preferred
$1.40
Co.
preferred (quar.)
3-15
preferred
15c
Transport—
Pet
2
4-
3-15
2
non-cum.
$1.50
(quar.)___
&
pr.
1
4-
non-cum.
25c
Perkins Machine & Gear Co.,
4-
35c
5%
4-
7V2c
non-cum.
(irreg.)___
3-15
50c
$25c
Works,
3-15
$1.25
$1.60
$1.25
(quar.)
4-
8-15
4- 1
(accum.)
$1.60
50c
Peoples Drug Stores. Inc. (irreg.)
Peoples Gas Light & Coke Co
Peoples Telephone Corp. (quar.)__
4-
3-23
$8.50
pfd.
^(quar.)^™**^^^*,*.!:^^^..''''' 877*c
preferred
3-16
3-22
$1.60
3-26
3-31
3-31
2
/3-15
3-15
4-20
4-25
2
2
3-15
20c
$1.50
•.
4-
4-
1
4-20
1
4-12
2-14
1
5-
4-
,2-14
2
3- 5
50c
1
4-
4-19
4- 2
20c
1
4-
5-1
50c
4-
4-
3-22
5-31
5-25
'
(quar.)
4-
3-15
4- 2
$1.50
preferred A (quar.
Drug, common (quar.)
7%
,
$2
(quar.)
4-
$1
3-9
Co
Machine
J15c
50c
(ouar.)
$1
preferred
$2
Button-Hole
Class
A
(quar.)
Reed-Prentice Corp.,
$25c
$1.3772
1
87T*C
(accum.)__™™_™____
2
(quar.)
Pennsylvania Power & Light, $5 pfd.
$6 preferred (quar.)
15c
$1.25
preferred
4-
(quar.)
Water &
1st
4-
3772c
—
3- 9
4-
Corp.
4-30
(quar.)_
3-19
4- 1
$1.50
t25c
1
(quar.)
(quar.)___
$1.0674
pfd. (quar.)
$2.80 preferred 1 (quar.)___
Pennsylvania Glass Sand Corp,, com. (quar.)
5% preferred (quar.)__
Pennsylvania Power Co., $5 pfd. (quar.)™*.
preferred
Co.
t50c
(quar.)
3-30"
4-1
$1.25
Radio-Keith-Orpheum Corp., 6% pfd, (quar.)
Railroad Employees Corp., 80c pfd. (quar.)
Railway Equipment & Realty Co., Ltd.-—
3-13
t$1.25i
4-16
30c
of America—
$3.50 convertible 1st preferred (quar.)
3-20
2
$1.25
3-31
2
'
4-2
3-15
3-22
4-
'i
2
4- 2
2
$1.75
2;
4-
$1.75
4-
3-20:
125c
Pennsylvania Edison, $5
$5
$1.25
4-16
2
$2
*
(quar.)_
(quar.)
4-
$1,127*
4-16
3-15
15c
J25c
—
,.7,.
5-15
4-14
$1.50
preferred
Radio
2
'
3-15
•>''•:•%
(quar.)
3-20
!
Granting Annuities (Phila.)
Pennsylvania
Oklahoma—
2
2
3-15
25c
Reed
<quar.)___
preferred
of
4-
4-
3-15
4-2
50c
(George) Fund of Boston
National Co., common..
Power
4-
2
3-15
4-
2
4-
$1.25
pfd. (quar.)
'30c
(quar.)
25c
(irreg.)
15c
3-15
2
3-22
4-2
4-15
4-20
3-26
Shipbuilding Co., Ltd.—
(quar.)
Light,
^
1
t$1.377*
4-
&
Power
3-23
$1.25
Heat
2
4-2
3-15
$25c
4-14
3-22
Co.—-
(quar.)
St. Lawrence Corp., Ltd.—
4%
class A
-
3-20
50c
.
Quebec
4-
4- 2
.■
________________
8% preferred (quar.)
Quaker Oats Co.. 6% preferred
50c
Ltd., common
preferred
Jersey—
3-15
(quar.)_____
Telephone
New
3-20
$1.25
4-2
Pyle
:
3-22
2
4- 2
50c
(quar.)____™____c™__
5%
3-157
587ic
iquar.)™„—
preferred
3-14
2
Putnam
3-22
Pipe Line Co..
Producing
Oil Co,-,
6%
3-15
4- 2
4-
Y.)—
(monthly)
preferred
Pure
3-22
*
of
Co.
4- 2
$2.50
3-23*
41 %c
(monthly)
preferred
7'
2
____
37y2c
2
Chemical,
$1.50
(quar.)
Standard
$1.50
$2.75
National
National
4-16
4-
Corp.—
(s-a)
Paper <fe Type,
National Pole
National
20c
$1.25
$5.50 prior preferred
National
Stores
(s-a)
3-12
2
4-
(N.
Corp., 7% original pfd.
Puget Sound Power & Light—
$5 prfor preferred (quar.).:
Puget Sound Pulp & Timber,
3-17
4-
5%
3-
4-14
Colorado—
Publication
3-15
4-
Companies, Inc.
preferred
(quar.)__________________
5% conv. preferred (quar.)_
47*
Park
$7
preferred class B (quar.)
National Linen Service Corp., common
National
20c
1377*0
Co.,
6%
3-23
4-
(quar.)_
Pennsylvania Co. for Insurance
2c
Quarterly
2
Co.
preferred
1
6-15
JS1.75
(monthly)
preferred
Public Service
6-15
4-
Service
6"%
6%
3-22
(quar.)
preferred
preferred (monthly)
preferred (monthly).
Public
3-14
2
Co.
7%
& Trust Co.
of
preferred
6%
3-10
3-15
4-
$1.25
™*._l__™™_
5%
Paraffine
5-15
30c
Quarterly
7
Ltd.,
Public National Bank
7%
4-2
-4-14
10c
Paper Co.,
Co.
2
$2
Providence & Worcester RR.
Quarterly
4-
3-10
t5c
t$1.377*
preferred (quar.)™—
Public Service
2
62'/2c
(quar.)_
,
3-20
25c
preferred
Panhandle
5-
127>c
$1.50 preference
5.67c
Peninsular
—
Grocers,
•
2nd preferred (quar,)
Bros.
8%
3-21
6-30
$1.25
Petroleum
3-20
2 •-*' '3-10
2
4-
Resumed
Eastern
3-24
4-16
2
4- 2
4-
Co., Ltd._
California (Del.)—
Ltd.
$75c
common—
$1,127*
Co.
7
4-
3-15
(quar.)
Tubes,
Pan-American
Panhandle
3-29
Welding Machine Co.—
National Food Products Corp., class
National Fuel Gas Co. (quar.)
Corporation
3-13*
National Fire Insurance Co. (Hartford, Conn.)
National
Electric
&
Page-Hersey
3-13*
75c
(s-a)
National Folding
Packer
9
2
50c
common-
(quar.)
preferred
Gas
J$1.50
4-
Co., Inc.,
4-
(quar.)
Packard Motor Car Co.
9
3-
4-
25c
National City Lines, class A (quar.)
National Department Stores Corp.—
National Electric
3-
4- 2
75c
$1.75
(quar.),
"
9*
$1.75
;
(quar.)
common
preferred (quar.)
National
7%
common.;
& Shares
preferred
•'
4-27
-
25c
4-
$1.50
of
••-■:>
'
$1
preferred (quar,)___.—
4-16
iquar.)
Corp.
3-22
674C
1st
$1.25
(quar.)___
Terminals
3-21
3-21
v 4- 2 '
3-20
3-20
$1.50
Lighting Corp., $5 pfd. (quar.)
Pacific Telephone & Telegraph,
6% preferred (quar.)_
.1;
5-10
15c
(quar.)
preferred
2
$1.50
Pacific
30c
preferred
4-
|$1.25
common
3-15
2
4-20
:
50c
' \
;
2
4-
10c
3-23
3-15
4-
50c
1772c
& Co., Ltd., 57a7* pfd. (quar.).
Procter & Gamble Co
5% preferred
3-15
(quar.)
(quar.)_
Pacific Indemnity Co.
Extra
*.;
_1
$6 preferred
(quar.)
3-12
2
4-2
3-15
5%
3-21
$1.25
preferred
(initial)
(initial)
new
2
$1.25
(quar.)
Foundry Co.,
4-
4-16
5%
3-31
4-
$1.10
$5 pfd. (quar.)
(Boston, Mass.)—
$4.25 pfd,
4-21
:
4-
Price
2
—
$5.50 prior preferred
Pacific Car &
Co.
<
4-15
$1.50
(quar.)
4-16
6%
Co.,
Power Co.,
10c
45c
Preston East Dome Mines, Ltd.
25c
(quar.)
4- 2
Fibres. Inc.—
convertible preferred (quar.)
Biscuit
Ry.
3-12
2
50c
3-22
t25c
—
Lt., Heat & Pwr., Ltd., com. (quar.)
preferred (quar.)
Otter Tail
Automotive
National
Electric
3-10
3-10-
4-
15c
partic. preferred (quar.)
Inc. (irregular)
Mfg. Co. (quar.)
non-cum.
3-10
2
—
—-
com.
1
4- 2
pfd. (quar.)
& Paper Co.—
3-15
4-
Ottawa
3-21
4-16
67c
7
Ottawa
4-12
Sulphite
2
$1.75
(quar.)
2
3-15
4- 2
80c.:
(quar.)„
preferred (quar.t_^i:______:__
of Canada, Ltd.—
1st preferred
(quar.)
2
4-14
50c
(quar.)
125c
Nathan-Strauss-Duparquet, 6% pfd.
National
3-10
4-
Huron
2
t$1.25
(quar.)
(increased)
3772c
_
.J.—.
Manufacturing Co., 1st pfd,
preferred (quar.)
Kation-Wide Securities
1
4-24
$1.50
(quar.)____v
Utilities
JKashua
2nd
preferred
Common
3-15
(quar.i™™^—"
4-
4-
Ottawa Car Si Aircraft, Ltd., com. (increased)
4- 2
$1.50
.
—
__
pfd.
57c
3-22
Co.
Pocahontas
Pressed Steel Car
3-23
Orange & Rockland Electric Co.—
3-10
10c
_
Inc.,.6%
Nanaimo-Duncan
1
4- 2
4- 1
4-
_'__™™_™_
t$1.75
Steel
75c
75c
7%
Ltd.,
4-
$2
preferred
preferred
87c
Products,
preferred (quar.
7%
8-11
11-10
12-
Corp.,
3-15
4-
$1.75
Manufacturing
Co.^
7-21
Pacific American Investors, Inc.—
™™_7„_™
—
Fund
Investment
•Mutual
1
472%
Corp.,
Ontario
5-12
^
(quar.)
67c
7 9-
:
$5
Oliver
(quar.)___.___
Mining
Creek
6%
3-31
87 7* c
preferred (quar.)
Ontario Loan & Debenture
Mount Diablo Oil
4- 2
(quar.)__„____
1
4-14
3-24
Old Colony Insurance Co.
65c
'
2%
4-
Pratt & Lambert,
4-16
(quar.)
—
3-20
Ohio
Water Co.
$1,377*
4-2
3-1*
1—
(quar.)_I._™.7_™-~_™——_
4-
*?■
25c
(quar.)
4- 2
America, 67c pfd. (quar.)
Consolidated, Inc.— :
(quar.)
Union
Atwood
&
4%
4-16
(quar.)
preferred (quar.)
Service Holding Corp.,
2
4-i6
'
$1.75
1
1
(quar.)
(quar.)
4-
$1
10c
__—__U„
8-
25c
preferred
-
___™__
(quar.)_
com.
4-
1
Co.
$1.75
preferred
¥
$5
preferred
50c
3-30
Power Corp.
3-31
$1.50
!_
3-23
77c
3-10
3-10
?
(quar.)
4- 2
Morris Plan Corp. of
2
4- 2
5-
(quar.)
$6 pfd.
627*0
15c
Morrison Cafeterias
Pond
3-31
$1.25
common
Match
7%
3-22
Plume
Inc.—
77o pfd.
Public Service Co., 57c
6%
2
7'/2c
Ohio
•
-4-
5-
(quar.)_______—
Ohio
3- 9
Polaris
$2.00
9
3-
3-22
Co.—
3- 9
3-20
(quar.)
Inc.,
Mills,
(quar.)
Inc.
Provincial
Co., 4.407c preferred (quar.)__
Co., 5% preferred (quar.)
preferred
4-16
4- 2
Providence Gas Co.
Leather Co., common (quar.)
2nd preferred (quar.)
7%
3-15
3-
2
25c
Special
3-19
9
2
4-
-
f
$1.75
RR.
Water Corp.,
Edison
Finance
$1.50
———
Cities
Ohio
Ohio
,_„__™™-
Plough,
377*c
Light & Power Co., Ltd,
5-10
(quar,)._„™
Plainfield
9
4-
:
$1.62'/a
Corp- (quar.)
Ogilvie Flour Mills. Ltd.,
5-10
2
3-
4-20
25c
(quar.)
Novadel-Agene Corp.
5-10
3-
4-
J8%c
——
(quar.)
Rubber Co.,
Norwalk Tire &
5
2
4-20
75c
(quar.)____
pfd.
3-30
pfd. (quar.)
preferred (s-ai——_______
4-2
;
$1.25
Electric, 67o
preferred (quar.)
preferred
$4
Fashion
Common
Service Co.—-
Northwestern
74-16
Pittsburgh Fort Wayne & Chicago Ry. Co.—
8
(Minn.)—
Northland
3-24
3-31
3-31
10-1
4-16
Pittsburgh Bessemer & Lake Erie* com. (s-a)
$3.50
(quar.)
Power
4-21
4-21
10-22
5-1
3-20
25c
preferred (quar.)
Greyhound Lines.
3-20
4-14
<
(s-a)
(quar.)
States
Northern
;V
Prentice, (G. E.)
pfd. (accum.
common
preferred
conv.
40c
3-15
:
$1
$1.3174
3-16
7
(s-a)
Ltd., 7r/c
Co.—_—___
3-23
4- 2
' 50c
75c
____
3-
90c
3-22
Texas
(quar.)
2
82 7* c
(accum.)—
4- 5
3-20
672%
6%
4- 2
3-16
3-26
Port
North
4-16
.
50c '
—
2
20c
(accum.)—
,30c
627sC
—
2
87 Vac
North Star Oil,
3-10
:
common—
4-
$1.50
(quar.)
preferred
3-20
4-2
.
(quar.)___^—
(Hartfordt
Insurance
Full
Pneumatic Scale Corp.,
3-20
3-20
2
Investment Corp.—
preferred
5 72'h
Co.,
4-
$1.50 %
>
(quar.)
North American
4- 4
4- 2
4- 2
common™.™
—
B
preferred
preferred
4-2
4-2
$1.50
Pillsbury Mills,
Finance Corp.—
American
Prior
T/n
$1
50c
1
V
4-
75c
(quar.)
North
3-20
->>.
7%% preferred <quar.)_
Pittsburgh Plate Glass Co
Pittsburgh Screw & Bolt Corp.
(quar.)
lgt preferred B
6
Phoenix
American Car Corp.—
$6
3- 9
4-
4-
3- 9
4-
3-15
(Subject
(quar.)
1
4-2
—
preferred (initial quar.)
Phillips Packing Co., Inc., 57«%
divi¬
(stock
held
3-
—
4%
3-15
71%c
1st preferred A
3- 9
(irreg.)—
preferred
$25c
(quar.)
$6
15c
" $1.25
Co.,
Telegraph Co. (quar.)—™____.1„
Corp., Ltd., common (quar.)
A (quar.).™™
preferred
shares
1
4- 2
$1.25
(quar,)—™—
30c
3-21*
3-15
preferred
1%
preferred
North
2
2
87 7* c
(quar.)
4-15
$2
(quar.)
77c
6c/o
preferred
Norwich
Montreal
Moore
-
3-20
44-
of SEC)
approval
preferred
2nd
Pilot
4-2
_
Montgomery Ward & Co., Inc., com.
class
to
53A 7c
$1.75
(s-a)
Utilities
57c preferred (quar.)____™
Montana Power, $6 preferred
$7
3-15
3-15
$1.50
common
100
3-
.™™_™_u_^__™*.—™
preferred (s-a)
Participating preferred (s-at
Philip Morris & Co., Ltd., Inc.
4-16
$1.75
1
Co.,
each
(quar.)
Participating
(one share of Pacific Gas & Elec¬
for
4- 2
•Extra
(quar.)
(quar.)
American
dend)
tric
2
$1.50
5- 1
™__—*.™™™—$2.25
$2.25
(s-a)
preferred
North
4-
4- 2
$1.50
—•
preferred iquar.)
Philadelphia Transportation
3-15
5- 1
of Rec
$1.12Ts
<quar.i
5f/o
3-22
$1.50
4-25
5-
Philadelphia Suburban Transportation—
3-22
7
,
$1.50
Semi-annual
2
$1.23
iquar.)
Co.
Trust
File
12Tic
Philadelphia Electric Power Co.—
8% preferred iquar.)
——r
Philadelphia National Insurance (Phila.)—
Co.—
Gas
3-15
5c
3-12
Nu-Enamel
(s-a)
$4
York
3-15
43%c
8772c
™__—
2
™_™——™
Richmond
&
prior preferred
3-15
Co.—
A
Montana-Dakota
3-15
Service—
(quar,)™*.*7™i™-~—
Monroe Chemical Co., $3.50 preferred (quar.)
Monroe Loan Society, common A
(quar.)—
4-
pref.
1st
Corp.--
(quar.
(quar.)_
preferred
preferred
York
627*c
12VaC
preferred
Monsanto
& Light
Power
Northwestern States Portland Cement
Monongahela Valley Water Co.—
7% preferred (accum.)
Monongahela
York
50c
Hosiery Co., Inc., 5% pfd. (quar.)—
Molybdenum Corp. of America (quar.)
3-
2
$1
Mojud
2
2
$1.75
——
3-14
4-
—
2
3-15
44444-
2
$5
Holdert
Payable
Philadelphia Dairy Products Co., Inc.—
$4
4-
4- 2
20c
lc
$1.22%
(quar.)—
J30c
t$1.377*
4-
preference
When
Share
-
(s-ai
$6
3-20
40c
*
(irregular)-
common
preferred
*
"■
3-20
2
4-
4- 2
4.907c pfd. (quar.)
2
4-
_i
Rayon Corp.
6%
preferred (quar.)
North Carolina RR. Co., 1% preferred
< irreg.)™
com.
.
4-
6%
3-15
4-
(quar.)
$1.50
(s-a)™
2
337»c
™
North Shore Gas Co.
Containers, Ltd., common
preferred (quar.)
Mohawk
RR.
$1.50
_—
Service
Mobile Gas Service Corp.,
(quar.)
$1.75
$1.50
(quar.)„
Electric
&
Northern
Niagara Wire Weaving Co., Ltd.
Light Co.—
preferred
4-
Philadelphia Co.,
3-16
12c
Per
Name of Company
4-14
2
$1
North American
Mississippi River Power, 67c pfd. (quar.)
Mmfiourl Edison Co., $7 pfd. (quar.)
1
4-
35c
•
(quar.)
5-
60c
$1.75
6%
Co.—
(quar.)—
preferred
4-15
'
(quar.)
Light
$1.183/4
$1.183/4
New
•
Products,
5-19
(quar.)
•
4- 2
4- 1
4- I
4-1
4-16
4- 2
1
preferred (quar.)
Newport Electric Corp., 67> preferred (quar.)
Newport
News
Shipbuilding & Drydock—
$5 preferred (quar.)™™™™™™-.—™.-.
3-21*
4- 2
6-
—™_—
London
$7
4- 2
127*c,,
3-15
Jersey Power & Light Co.—
'<v $1 i:!'i
preferred iquar.)
$1.75
Jersey Water Co.. 7% pfd. (quar.)——
$6
4- 3
60c
—
1
$1.25
pfd. <quar.)__
(quar.)
Orleans Public Service, Inc., com.
6
3-
4-4
Corp.,
preferred (quar.)
conv.
com.
preferred (accum.)
preferred (accum.)
Hampshire Fire Insurance Co.
New
3-20
•
434%
Inc.,
Co.,
J.)
4% %
3-24
>
4-
<quar.)__
New
;
3-16
4- 2
4- 2
4- 2
4-2
preferred
New
6-
912-
4- 2
$1.50
$1.50
$1.50
$1.75
—
Food Products Co.—
preferred (quar.)
Mickelberry's
Micromatic
(J.
Nicholson
preferred (quar.)
preferred (1940) (quar.)
67c
3-15
England Fire Insurance Co.™™™*.™™New England Power Association—
Michigan Public Service Co.—
67c
127*C
1
,1
Of Rec.
4-
11.317.
(quar.)
5%
Hoiaert
Payable
New
New
(quar.)
Co.,
4-10
Michigan Associated Telephone Co.—
67c
preferred
3-15
$1.50
Meyer-Bianke Co., 7%
1st
$5.25
4-10
977*c
$1.75
$1,627*
25c
pfd. (quar.)
preferred (quar.)
Meyer (H. H.) Packing Co., 67* pfd. (quar.)
Metropolitan Edison, 3.907c
Miami
X
Share
Company
Nehl Corporation, common
2
02 /2c
Co.
Machine
Mesta
——
Name or
>.
3-20
4-
Wrtcn
per
of Rec.
Acceptance Corp. of California—
preferred
6%
Holdert
New
(quar.)
30c
(quar.)—™__™_™™_™™30c
preferred (quar.)
30c
1st preferred
(quar.)—„
--™
25c
1st preferred (quar.)—,
25c
1st preferred (quar.)—
——
25c
6%
4- 2
4-15
5- 1
5- 1
4- 2"
4- 2
4- 2
5- 1
5- I
75c
$1
15c
(quar.)—
iquar.)™_—
common
Extra
Melville Shoe
5%
(quar.)™
& Co., class B
Si.Bobbins, Inc., $4 pfd.
Stores
Payable
Shdre
Company
convertible
preferred (accum.)
Per
Name oj Company
i
f
•
When
Payable
Per'
Holder*
Share
V
o/Jtec.
Sun Life Assurance
Sun Oil
(Canada)
preferred
7%
(quar.)——_
Car Heating
Quarterly
&
Safety
.
5-
1
3-31
1
3-31
Super Mold Corp. of California /(quar.)—
4-14
3-22
Superheater Co. (quar.)
Superior Portland Cement—
2
3- 8
5-
$$1.75
—
t75c'
preferred (accum.)
St. Regis Paper Co., $2.50 prior pid. (quar.>
5% 2nd preferred (quar )6%
•
1
Mills Co., Ltd.-^-
Lawrence Paper
St.
•
62 V2c
4-
.
class
A
Superior
Co.
8
&
class A preferred (quar.)-
Stores,
Safeway
preferred
5%
4-
2
3-15
Syracuse Transit Corp.,
4-
1
3-15
4-
1
3-15
4-
6
3-, 6
;
5%
..
preferred
3-
6
6
6
»
Savannah
•
Scott
•
Paper Co.,
Scranton Flectric
i
,;k 3- 9
4-
2
3-
9
4-
2
3-
9
$1.87 V2
4-
2
3-
9
Taunton
S2
4-
2
3-
9
Technicolor,
Securities Acceptance Corp.;
•
.
r
•
<
certificates
Allotment
Telluride Power Co., 77o
Tennessee Products, 6%
5-
1
4-20*
Texas
2
3-15
Texas
Electric Service
Texas
Power
4-
2
3-
7
6-
1
5-15
7%
&
preferred
Water
S-20
Texas
9-20
Textiles,
3-15
.—
;
4--2
Thew. Shovel
Thrift. Stores,
$1.50
4»
2
3-15
$1.75
4-
2
3-15
Water
3-20
1
$2
4-
si
4-10
4-
$1.25
4-2
3-15
••
,
Tobacco
4-
:>63c
Toledo Edison
•;
17c
3-20
Inc., $4.50 preferred (initial)-.
Seven-Up Bottling Co. (St. Louis Mo.) (quar.)
Shaffer Stores Co., 5% pfd
(quar.)—;
Shamrock Oil & Gas Corp.--
2
4-
2
3-20
Tooke
$1.12(2
Servel,
4-
$1.37(2
4-
1
3-14
Toronto
3-
2
3- 9
West
2
3-15
4-10
3-26
West
Railway Co
Sharon
•
3-15
Western
3-15
Western
Steel Corp.,
Sharon
Trusts
2
3-
4-
2
3-17
5-
1
4-10
Western
5-
1
4-10
6%
—
>
>
-
.
.
3-31
Western
3-17
5%
25c
4-2
3-17
Western
5-
1
4-21
Westmoreland,
8-
1
7-21
Westmoreland
62Vac
11-
1
10-22
5-
5
3-24
Westvaco
t405/«c
4-
2
3-20
4-
1
3-
4-
2
3-
3-20
2
3-22
7%
preferred
Premier
Silbak
(quar.)
Mines, Ltd
1
3-30*
Whitman
2
3-20
Wichita
4-
2
3-20
Wieboldt
40c
■
'i
(accum.)
$3c
Corp.,
Rayon
5-
1
4-
Trinity
3-31
,
3-
4-
Tuckett Tobacco,
208
South
4-
2
10c
4-
2
3-19
Underwriters Trust Co.
25c
—
5-15
4-14.
Union Carbide & Carbon Corp.
5-
25c
common__^—___-
1
1
3-15
2
3-20
$5
4-
3
3-15
Wilcox
(H.
3-
Wilsil,
3-15
&
+25c
4-30
3-31
$1.50
4-20
3-31
55c
common
(quar.)i—
—
Manufacturing Corp.—-
preferred
vonv.
cum.
4Vi7v preferred
Porto
Wilson
4-
2
3-20
Wilson-Jones
4-
2
3-15
$1.75
$1.50
62Vic
25c
25c
25c
25c
4-
2
3-15
4-2
3-23
2
3-12
5-15
5-10
$1
United
4-
2
3-21
United Fuel
(quar.)
Co.,
Works,
& Print
preferred (quar.)
2
Wisconsin Co.,
2
3-15
$2
4-
2
3-15
,
';•> 50c
4-
2
3-15*
,
6212C
4-
8
$1.75
4-
.
/
(quar.)
Common
par tic.
67o
2
3-23
37 Vic
4-15
4-15
preferred
77c
v
t20c
5-15
4-16
3-20
$1.73
Mobile
57o
57a
non-cumulative
non-cumulative
Natural
Southwestern
preferred
preferred
$2
preferred
5-15
9-15
8-15
i
4-
,
.
—
v
■
4-
2
4-
2
3-15
r
7-13
7-11.
4-
5
•-
4-16
4-
5
•
4-
4-
2
4-
(quar.)—
—
Co., Class B, common—
Standard Wholesale Phosphate & Acid Works-
2
2
$1.25.
$1.06 «/4
5-
1
5-
1
50c
4-
2
4-
2
$1.25
2
15c
$2.50
10c
preferred (quar.)——————
Machinery Corp., com. (quar.)-
Co.,
common—,——
preferred—
United
New
—
partic. pfd. (irreg.)—
& Term. Co. (quar.)
National Corp.,
Jersey RR.
U.
S.
3-31
$1.06 Vi
4-14
4-10
4-
2
$31V4C
.f
noc
5c
S.
S.
1st preferred
—
preferred (qaar.)_
(quar.)
i—
——
preferred A (quar.)—i——
U.
S.
70c
Co.
Trust
(N. Y.)
Stockyards
Corp.,
preferred
conv.
(quar.)
1
1
5%
———-
Co.,
Products,
preferred
prior
prior preferred
(quar.)
(quar.)--—4——
prior preferred
2
3-20
preferred (quar.) —
Co. of Canada, common (quar.)-
t75c
Steel
77o
preferred
(quar.)——
Strathmore
6 7o
Paper,
preferred
common
$4
2nd
pfd. (quar.) —
(quar.)——.—
(quar.)
Strawbridge & Clothier,
Suburban
——
Electric
—
$5 pfd.
(quar.)
+25c
4-
4-
2
3-20
Common
4-
2
3-20
5%
5-
1
4-
6
Hoc
5-
1
4-
6
7 Vic
4-
2
3-15
25c
preferred
(accum.)—
6%
preferred
preferred
2
2
3-30
4-
2
3-30
Wabasso Cotton Co.,
$1.25
4-
2
3-10
Wabash
Vulcan
4
4-15
4-10
4-
2
3-20
4-
2
3-20
4-
2
2-
3-29
$2
$1.25
$1.25
40c
6-11
4-
2
7-16
7-
2
6-11
V2 7o
Waldorf
RR.
Co.,
7%
5-26
of
System,
Inc.
(quar.)
week of last year.—
Philadelphia—Leases Add'l Space—
4-14
3-29
4-
2
3-22
for radio and
for the Army
the facilities formerly occupied
by the Hunter Manufacturing Co. at Croydon, Pa. and expects to
begin operations there early next month, it is announced by John
$1
5-
1
4-18
Ballantyne,
4-30
4-16
2
3-15
4-30
4-20
4-
2
3-22
7-
2
6-21
1-2-46
12-22
62y2C
,62Vic
i62,/aC
take
2
3-15
3-30
and
4-
..
the
of
care
President.
has
known
be
■>,
as
formed
Philco
6- 9
6-
1
$1.75
$1.75
9-10
9-
1
12-10
12-
two
an
7
2
3-20
3-
5-
1
1
8
$1.75
York,
N.
'
Y.
7-16
(quar.)—
the
•
4-16
8-
New
3- 8
37V2C
37V2C
Inc.—Partial Redemption—
company
.
3-22
4-
organization of appliance'1 service
which it expects will, have a
men for electric appliances
has called for redemption on May 1, next, out of
sinking fund, $100,000 of 20-year 3% debentures due
May 1,
1962, at 102, and $100,000 of 20-year 3%
debentures due
March 1, 1963, at 1035'8 and interest.
Payment will be made at the
office
of
J.
P.
Morgan & Co., Incorporated, trustee, 23 Wall St.,
The
moneys in
1
4-
.
Service,
Philip Morris & Co., Ltd.,
$1.75
,
;
of 25,000 qualified repair
years.—V. 161, p. 1027.
membership
within
packing of spare parts
its Philadelphia plants
Repair Division—
corporation
to
in
this corporation has leased
Forms
The
export
made
equipment
Navy,
men
4-
Ltd. (quar.)
common
and its subsidiaries for the
130,534,000 kwh., an increase
1358.
Philco Corp.,
To
4-10
4-
4-
—
preferred
for the company
1945, amounted to
output
March 24,
kwh., or 0.8%, over the corresponding
986,000
electronic
——
pfd.
are
5-21
4-16
bonds
new
electric
The
—
$$1
$1
$4.50
25c
4-20
upon
2
3-19
4-20
3-31
4-20
3-31
4-
3-15
Pittsburgh Forgings Co.—1943
4-10
4-
2
May 1, 1945 interest on the debentures due 1962
presentation of coupons at The National City Bank
Wall St., New York, N. Y.—V. 161, p. 1358.
The
>
55
Detinning Co.,
the
of
Philadelphia Electric Co.—Weekly Output—
1
4-14
3-24
4-
1
3-16
$2.50
—
(quar.)—
(quar.)
4-
5-
1
$2.50
^
(s-a)
25c
SI
3-16
4-
4-20
Corporation and
that is $50 principal and $57 interest.
registered and payments are made on
before the due date. Last Decem¬
ber the company made a payment on account of interest on the old
bonds aggregating $851,000 being $22.50 on the refunding 5s and $10.30
on
the debenture 6s, each being on an original $1,000 bond.
In the
case of the refunding 5s the chmpany previously had made a payment!
on account of principal of $100 per $1,000 bond.—V. 161, p. 1358.
All
8-31*
1
Virginian Railway,
6%
Non¬
April 1 to holders of record 10 days
11-30*
4-
S3
(s-a)
preferred
$1.50
Securities Co.—
:
,
paid on account of principal,
5-31*
$$1.25
(s-a)
Ltd., 5%
t75c
_____—
Sterling Engine Co. —.—
Stokely-Van Camp, 57c prior
RR.
preferred (quar.)——.
Vicksburg Shreveport & Pacific Ry.—
Viau,
150c
■
3-10
9-20
10c
Vermont & Massachusetts
corn*,
1
12-20
$2
common
6-15
67o
4-16*
Knitting Co.—
preferred (quar.)——.
Stedman Bros., Ltd., common (quar.)
•
4-16
1
6-20
50c
pfd. (accum.)
9-15
'
-
-•
,
4- 5
$2
'V
Inc
12-15
3-31
6-30
1
4-
25c
17V2C
common———
9-29
5%
3-19
$1.25
3-17
2
5-
$15
(quar.)——
Co., 8% pfd. (quar.)
——
Pictures
Radio
5%
2
57c
\
Universal Leaf Tobacco
Utica
4-
3-17
45-
87V2C
(quar.)————
Utah
5-
2
■week ended
$5
3.21
6-
3-31
4-
621/2c
non-cumulative
Sugar,
4-
5-15
8-10
4-16
V. 161, p.
Upressit Metal Cap Corp., 8%
6-14
5-10
9-15
30c
$1.183/4
$1.12'/a
(quar.)--————
preferred
Universal
4-16
preferred
6-15
50c
50c
25c
(quar.)
preferred
convertible
3-15
31V4C
dividend.
1
>
.
for this
closed
4-15-
75c
c-
1,
.
approximately $10,314,000 in 20-year general income 6% bonds
The plan provides that a payment of 5%
or $50 on the principal
amount of each $1,000 bond shall be pajable annually on April
1
of each year and interest is also
payable to the extent earned on
April 1.
The first payment on April 1, 1945, therefore, will consist of
the 5% on account of principal and interest for the first three months
of this year or $15 at rate of 6%
per annum.
Under the plan the
company may in any year pay more than one installment on account
of principal.
If the regular payments are made on April 1, 1946. the
bondholders would receive a total of $107 if only one installment is
Smelting Refining & Mining Co.—
United
5
3-10
>
(Continued from page 1432)
.
Plywood Corp., common
3-21
4.10
♦
.
Investment News
3-20
——
—
2
4-16
'*"■*
-
.
;
income tax.
Jamaica
books not
General
3-20
5
preferred
4-10
4-
30%
Less
♦Transfer
3-20
5
4-
'
15c
preferred (quar.)——
2
4-
Industrial
Common
25c
5To
4-
Co., common (quar.)—50c
(quar.) —
;—:
$1.75
Chemicals (quar.)——
25c
Extra
———
50c
U. S. Leather Co.. 7% prior pfd. (quar.)—v
$1.75
U. S. Pipe & Foundry (quar.)————
40c
Quarterly ——
—
40c
Quarterly rj.
——-.—
40c
U. S. Playing Card (quar.)
—
50c
Extra"'
———
$1
S.
6.4%
3-24
2
2
2
2
2
tPayable In U. S. funds, less 15% Canadian non-residents' tax.
$Payable in Canadian funds, tax deductible at the source.
resident tax, 15%; resident tax, 7% .
a Less British income tax.
3-20
(Md.)— —
Fidelity & Guaranty Co.
8%
3-31
75C
2-23
3-20
4-1
$1.37'/a
——-3.4.
—
3-20
2
37V2C
$5 preferred
'
3-15
3-15
3-19
3-20
3-20
15c
x
United States Rubber Co.—
3-31
50c
-
4-10
4-
50c
62V2C
preferred (quar.)
—
U. S. Casualty Co.— 1
1
4% non-cumulative class A——
4% non-cumulative class A—-—
6%
3-15
4-14
5-19
44444-
$1.50
$1.75
(quar.)—
1
Co,, common
3-24
U.
4-
6- 1
3-24
4-10
3-20
t$2
—
$1.50
$1.75
3-24
2
3-20
$2.25
$5c
50c
—
preferred
6-16
4-
Products
Milk
participating
7%
Stecher-Traung Lithograph Corp.—
57c
3-20
50c
$1.25
U.
4-16
3-12
3-12
3-27
4- 2
3-16
4-16
i—
(Boston)
3-13
2
2
6%
3-31
(quar.)_
-
Corp.
2;
4-
2
12-29
(quar.)
4-
^
;
3-24
3-20
4-
$1.25
Co.
Invest.
3-22
£2"
50c
$1
;—
$1.25
Oil
Street
3-24
7-16
10-15
10-15
& Manufacturers—
(quar.)
(quar.)——
(quar.)——————
Stayton
State
'
(quar.)—wi__
,
4-14
7- 2
preferred
preferred
(quar.)„—
Vapor Car Heating Co., Inc.—
7% preferred (quar.)—___———
;—
17c preferred (quar.)
7% preferred (quar.)
"
preferred
57c
2
4-17
1
4-
4-
3-15
4-
$1
.Irregular
Stanley Works.
5-
4-TfT
7-16
4-10
4- 2
4- 2
(quar.)—«—
77o
4^16
4- 2
$25c
(quar.).————
(quar.)
—;
Youngstown Sheet & Tube Co.,
5V2 7o
preferred (quar.)
Zion's Co-operative Mercantile Institution—
(J, S.)
Young
Quarterly
(quar.)—
,-v4%% preferred A (quar.)—___——4V2% preferred B (quar.)
U. S. Printing & Lithograph Co.
3-15
4-
UOc
Tube
■
$1.25
(quar.).
B
3-20
2
$1.75
•
Class
3-22
1
$1.50
•
Standard
4-17
$1.25
$1.25
Ul S.
—
class A
•
4-16
$2.50
•
Ltd.,
•
'
75c
35c
■
preferred
Radio,
4-16
4-17
4-16
(quar.)—
preferred
preferred (quar.)
Yale & Towne Manufacturing
3-15
1
5-
Co., 6%
(A. B.)
77c
3-15
7%
75c
(quar.)
(accum.)
Standard Fuel Co., Ltd., 6Vi% pfd. (accum.)
Standard Oil Co. of Ohio, 57c pid. (quar.)_
■■■*
4V*% preferred (quar.)
Standard Paper Manufacturing Co., common
6%
preferred (quar.)
-.
Standard Paving & Materials, Ltd.—
Partic. conv. preferred (accum.)
2
5-1
U. S. Gypsum
3-15
$1.25
!
Springfield-Gas & Elec., $7 pfd. (quar.)—
Square D Co., 57c preferred iquar.i——__
Squibb (E. R. 1 & Sons, $5 pfd. series A (quar.)
$4.25 preferred Series B (quar.)
Standard-Coosa-Thatcher Co. (quar.)
Standard Fruit & Steamship Corp.-r-
Standard
»
3-20
;
$1.13
partic.
v
2
$1.50
—_——
.*
(quar.)
—
$3
T
3-15
Associated Telephone Co.—•
Int'I RR. Co. (Escrow Receipts)—
Sprague-Warner-Kenny Corp.—
6% preferred (quar.)
Springfield Fire & Marine Insurance Co.—
•
4-
10c
15c
$1.75
$1
3-1
4-16
3-15
$2
3-31
4-16
V;?4<2:v
6-15
$2.50
Spokane
,
75c
$1.183/4
3-15
50c
of Canada
Combing Corp.
Wrisley
3
3-22
3-22
i
Common
3-15
U.
Spicer Manufacturing Corp., cominon__—__
$3
preference (quar.)——
.
v
4-16, t
$1.25
(quar.)
Southwestern Life Insur. Co. <Dallas)
'
1
$1.25
Co., $6 pfd. (accum.)
Gas
SB preferred (quar.)
Southwestern Gas & Electric—
•
$1.50
.
(quar.)——
'y't-
5%
5■
Co.(s-a)——
&
Southwest
■
3-
United Shoe
-
Railway Co.—
Ohio stock trust ctfs.
Southern
v.
3- 3
2
2
3-21
4-10
$1.20
(quar.)
preferred (quar.)
Southern New England Telephone
•
2
4-
2
United
4-20
t$1.50
4.8%
T
4-
$2
2'
—
4- 2
4- 2
Wright-Hargreaves Mines
Wrigley (Wm.), Jr.. Co., common.—
3-20
3- 9
3-9
3-15
3-19
(
4-30:
Wool
3-26
3-10 l
,
{
$1.75
7% preferred (quar.)
3-10
3-
3-12
3-9
Electric Power—
3-30
2
i,
11- 1
11- 1
$1
3-20
2
3-22
3-23
3-15
\
,
1
8-
$1.50
2
2
(quar.)_
$1
2
4-
2
United
•
—
4-14
4-
$3
(quar.)
—
$1
$1.50
-
-
(quar.)—
-—
$1.50
Wiser Oil Co., common
(quar.)
———
25c
Extra ,w—15c
4-
—
(quar.)
common
6% preferred series 1897
4-
5%
Indiana Gas & Electric Co.—
Southern
4-
$75c
Bank of Brooklyn
United Merchants
3-20
Co.,
—
Wisconsin
4-
5%
Process Co.,
3-20
50c
53c
58 '/3 c
3-20
34=?8C
—
__
preferred
8-10
11-10
4-2
$1.50
(Del.)—
67o prior preferred (monthly)
6.36%, prior preferred (monthly)——
7% prior preferred (monthly)
3-16
:;i
Inc.—
original preferred (quar.)—.
5V21 preferred C (quar.)—
Southern Canada Power Co., Ltd.—
Southern Franklin
8-15
11-15
United Printers & Publishers; Inc., common-
r,
51
-
Co.
Hosiery
Common
United Light & Railways Co.
Southern California Edison-—
;
Illuminating
(interim)—
Co.
Extra
4-
Investments, Ltd.—
preferred (quar.)
$1.50
37tic
$1.50
(quar.)—
Common———
4-
77n pfd. (accum.)—
$25c
(quar.)
—
Co., Inc., $6 preferred
.Extra
75c
10c
1
,
Co
United Industrial
4-
4-
$$1.75
50c
$1
class A
United
$1
—.
preferred (quar.)—
——_—
South West Pennsylvania Pipe Lines
Southern & Atlantic Telegraph Co., Ltd. (s-a)
Southern Bleachery
4-
4-16
$1.12 Va
•—
common
Fruit
(quar.)—————
Gas Co
Oil &
Extra
(quar.)_
United Dyewood Corp.,
3-15
6To
Sugar
Rico
A
3-15
2
62I2C
8%
7%
Class
1
2
4-
<
F.)
3-15
Co
4-
$1.50
Water Co.—
South Pittsburgh
South
5-
5-15
1334c
(quar.)
preferred
prior
2
v.'' 4%
preferred
25c
$1.25
$1.25
4334c
$1.75
$1.75
75c
$1,25
10c
——
Ltd.
9
4-
Union
2
Paper Co., 61 preferred A (accum.) —
4.6 %
series B (accum.)
—
South Carolina Elec. & Gas, 5% pfd. (quar.)
v
(quar.)._
Pacific RR. Co., common (quar.)
preferred (s-a)
-—-—United Carbon Co. (quar.)
United Drug Co., $4.75 preferred (quar.)—
United Drill & Tool, class B——
—
4-
4-
Sorg
V
Investments
Union
4-14
$1.25
Solar
'
(quar.)
(quar.)—
(New York) (quar.)_
Salle Street Corp.
La
1-31
;
pfd—
preferred (quar.).
preferred (quar.)
7%
Stores, 6%
4-2
$1.183/4
4%% preferred (quar.)
1% preferred
1-31
$1.25
6%
;
:
t20c
,
preferred Class A (quar.)
prior preferred (quar.)
Smith (Howard) Paper Mills, Ltd.,
-V
common
3-23
5%
•
Rayon,
2
4-
(quar.)
Quarterly
Tubize
9*
5%
T
Universal Insurance Co.
4-25
t20c
(,quar.)_
$6 preferred
(quar.)
Quarterly
4-10
2
—
Trico
3-23
4-16
$15c
Products Corp.
4-19
•
2
f$1.75
(s-a)__—„
Paper (irreg.)—
Corp. (quar.)
Oil
Skenandoa
4-
tic
preference
participating
Sinclair
5-25
Tri-Continental Corp.,
(quar.)
4- 2
4- 2
4- 2
4- 2
4- 2
4- 2
4-16
4- 1
4- 1
4- 5
4-2
5? 1
5-1
5- 1
5- 1
8- 1
6% pfd. (quar.)—
(quar.)
Co., Inc., 7%
(Win.)
Water,
Winsted
preferred
$1.0614
3-20
Products—
prior
40c
A (quar.)
Trailmobile Co., 7% preferred
3-17
1
15c
——:
Silverwood Dairies, Ltd., common
Simplex
i
t25c
..
t
4-
Ltd.
$$1.25
(quar.)
4- 2
4-16
4- 2
4- 2
4-2
(quar.)——.
Water Co.,
Chlorine
4-
4-10
25c
$1.25
50c
25c
$1.50
$20c
,
Corp.—
Co., class A
Telegraph
(Geo.)
4- 2
(quar.)
Inc.
3-15
$5.50
preferred (quar.)
Whitaker Paper Co. (increased quar.)
Whitlock Manufacturing Co., preferred (quar.)
9
41%c
50c
58V3C
t25c
& Stationery
Union
Weston
3-15
4-15
3-28
3-20
3-15
.1
$4.25 preferred (quar.)
Wheeling Steel Corp., common
62C2C
Tablet
4-15
:
2
preferred
3-19
4-16
4-16
3-19
3-15
3-15
Co.—
4-
$$1.50
2
4-
$1.25
Securities
(accum.)
preferred
4- 2
5-15
5-15
4-16
4- 2
4- 2
4- 2
4- 2
4- 2
4-15
:
-
J$1.25
4-
Mortgage Co.
i
(quar.)
(quar.)
Insurance
4-16
Torrington jfompany (quar.)
Traders Finance Corp., Ltd.—
-
—
preferred
10c
$1.12Va
f
3-15
$5
Extra
7%
62(4c
(quar.)
(increased)
3-17
convertible preferred (quar.)^
> Shawinigan Water & Power (increased quar.)
t
Shawmut Assoc. (Boston, Mass.) (quar.)
Sheep Creek Gold Mines, Ltd. (quar.)—
Sherwin Williams (Canada), com. (interim)
<
2*
Department Stores
Grocers, Ltd., common
30c
(interim)
General
2
——
(quar.)_
4-30
.
•f
(quar.)—
1
(quar.)
(monthly)..
(monthly)l
2
.
pfd.
preferred
$6
2
XlVaC
4-
6%
—
$$1.75
$1.50
$1.75
$1.12la
$1.50
20c
$1.50
$$1.20
25c
$75c
$$2
West Virginia Pulp & Paper Co
$1.75
5^..preferred (monthly)-
4-
-
2
4-
4-
4- 2•
pfd. (quar.)
4-
Utilities,
,
8-15
25c
preferred
Te^as
1
$$1.75
6%
(quar.)
West Penn Power Co., 4Va%
9
5-15
5-15
3-27
3-27
3-1
3-19
3-22
8-11
3-15
Inc
4-
7%
3-19
6-
6- 1
4- 2
4- 2
4-2
4- 1
4- 2
Light—
4-10*
$1.50
(quar;)
15c
5c
Co.,
8c
(quar.)
4-30
$5
$1.25
$1
Power
Electric Co.,
West Penn
Oil—
Toronto
(
Snowdrift
2
Stocks,. Inc. (irregular)
preferred
Bros., Ltd.
$1.37>/a
(quar.)
3-15
$1.50
Ltd.r (quar.)
preferred
Oil &
6-
—
preferred
Co.,
6%
3-15
2
2
Ltd.-—,
Allied
&
preferred
4-
v
Associated
Tip Top Tailors,
5
Kootenay
7%
4-
Co.—
•
.
preferred
(quar.)_
convertible
$4.50
West
3-15
10c
6Vz7ci convertible, 1st preferred (accum.)—
Tide
Wesson
3-15
—
—
$1.75
(quar.)—
$2.50 pr. pref
preference (quar.)
preference (quar.)—.
3-15
<
3-10
2
—
Co
t5c
common
$2.50. prior
3-10
4-.2
6To
Co.,
$2.50;prior
3-10-
2
4-
-
Co., $6 pfd.
Textron Incorporated,
37V2C
2
2
4- 2
75c
(quar.)—
50c
6-30
.{■5c
Insurance
Fire
3-15
9-16
12-15
20c
Virginia Water Service, $6 pfd. (quar.)
Western Assurance Co. (Toronto, Can.)
(s-a)
u'.
preferred (quar.)__
pfd. (quar.)
—
preferred
Wellington
4-
25c
Light Co., $(j pfd. (quar.)__
(quar.)-
9-30
Inc.,
3-17
4- 2
10- 1
1-2-46
$2.50
$1.50
$1.50
25c
50c
20c
$$1.75
(quar,)
Co. (quar.)—
Screw Products Co._.
4-
t20c
t62'/aC
$1
Co..(quar.)
4-
10c
(quar.)
• •
Teck-Hughes Gold Mines, Ltd
3-24
47a
.
(quar.)
preferred
Co.
Motor
3-21
3-21
3-21
—
50c
3-10
i
(quar.)
Inc., $5.50 pfd.
Industries,
Selected
.
Ltd.,-..common
(quar.)
Light Co. (quar.)—:
Inc. (irreg.)—
$1.25
prior preferred
$2.50
Gas
4-20*
5preferred Class A (quar.
-
Preferred
A
non-cum.
4- 2
4- 2
(accum.)
(initial)
Wayne Pump
4-
*
10c
1
$7
Seiberling Rubber Co.—
.
—
2
■''
6%
Waukesha
4-
62VaC
(quar.)—
10c
68%c
—————$1.3469
2
—
5-15
Wayne
(quar.)—--(quar.)—
preferred
Co., $7
(quar.)_
—
Petroleum Corp.
1
5-
$1.25
4-
common (quar-.)
7
Co.—
Inc., common,
$1.25
preferred
2-
preferred
Washington Ry. & Elec., 5% preferred (s-a)
Washington Title Insurance, common (quar.)
8-15
preferred
Tampax, Inc.
Tamblyn (G.),
$1.50
(quar;)
preferred-(quar.)
l'___
'
Security Investment Trust (Denver, Colo.)—
$6 1st preferred (accum. >:_•
Security Storage Co. (quar. )-J._.__i
1.$6
~'r"
2
Baking
Warren
11-15
Participating
X 19c
preferred (quar.)—,
Securities Corp. General, common
4-
1
1
4-
;—
67o
-
3-20
1
5-
USVaC
'
3-
1
$1
(quar.)——
preferred (quar.)_——
Second
Canadian
General Invest.
Trust—
''
6
'
50c
5%
1
3-15
1
2
6-
$1.37 l/a
(initial)..:
preferred
Seagrave Corp.,1 5*'?
Ward
2
44-
9-
50c
(quar.)
4-
25c
t3c
Co., 7%
4- 2
$1,75
$1.75
$1.75
(quar.)
12-
$1.12'/a
Co., $6 pfd.
preferred
50c
$2.50 preferred
partic.
2
(quar.)_.—
pfd. (quar.)
(quar.)_
7%
—
(quar.)
3-23
.'
(quar.)_.
(James),
4-
-S3',
$1.62 VaM
—
——
preferred
Scythes tc Co., Ltd.
•
Corp.,
Talcott
:
—
Corp., 5Vi%
$4
Taggart
3-
preferred
(quar.)
Manufacturing Co
$4.50
Scovill
3-20
preferred
2
Sugar Refining Corp.
Schenle.v Distillers
-
12-15
2
4-
57c
4-
C
preferred
2
50c
$1.75
D (quar.)
(quar.)
7 Vi %
debenture B (quar.)
8%
debenture A (quar.)
debenture
12-31
$1.25
—
4-
4-
50c
Tacony-Palmyra Bridge
6-15
5Vz%
debenture
Vi %
7%
6-30
75c
(s-a)
Waltham Watch
(quar.)
of Rec.
20c
$1.75
75c
(quar.)
preferred
4-16
I
—
Savannah Electric & Power, 6% pid.
(
4-
75c
(quar.)
2nd
fC '
25c
Sangamo Electric Co
Savannah. & Atlanta Railway Co.—
:
5
preferred
S3
Holier*
Payable
Share
v.t.c
common
82V2C
Common
(s-a)—
3
common..,
Common
tic
%3c
Francisco Remedial Loan Assn.
'Semi-annual
-i—
San
»
Electric
75c
7%
4-
40c
Products, Inc
Sylvanite Gold Mines, Ltd. (quar.)
.
4-10
4-20
of Company
Wagner Baking Corp.,
30c
3-15
$1.25
common (quar.)——.—.
(quar.')™—-'—
Antonio Gold Mines, Ltd. (s-a)
San
1
Corp..
2
$1.00
<
5-
(quar.)
4-
Sylvania
3-16
—
SI
>
2
17c
(quar.)_
Steel
Swift
3-
4- 2
§1.25
Inc.—
Lighting Co.,
Co., 4V2V0
$3.30
4-
Name
of Rec.
t$3.25
$1.12Va
50c
25c
(quar.)
5-
t50c
*:
Payable
When
Per
Holder*
When
'
Share
Name of Company
•
3-31
t35c
(quar.)
Lawrence Flour Mills
St.
1467
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161"
Volume
,
Will be paid
of New York,
Renegotiation—
;
*
Renegotiation of the 1943 war contracts of this company and Its
subsidiary, the Greenville Steel Car Co., resulted in a* gross refund
to the Government of $1,984,665.
The company will have a tax credit
of $1,589,332,
of
$158,933,
and
a
leaving
reduction of its post-war excess profits tax
a net cost to the company of $554',266.
refund
Fro?-
THE COMMERCIAL & FINANCIAL CHRONICLE
1468
Monday, April 2, 1945
'
1
made
visions
results in
amounted to $639,183.
This
$84,917,—V. 161, p. 2652.
renegotiation
for
1943
in
credit to
a
contingencies
reserve of
Pittsburgh & Lake Erie RR.—EarningsRy.
$516,679
$829,160
25,232
55,038
54,180
$287,183
$446,034
$571,717
$883,340
57.352
140,273
144,630
295.688
3,386
3,391
6,776
6,839
$226,445
$302,370
$420,311
$580,813
-
—
income
—
deductions
Misceii.
Total fixed
639,089
1,264,132
Cr95P,195 Crl,141,858
575,647
Cr544,620
charges-—
Net income
balance
current
of
and
161.
1100.
P.
Pittsburg: Shawmut
(250,000 shares
stock
capital
$238,750;
from
railway—
Net ry, oper.
1943
1942
$113,847
27,715
$121,327
15,573
8,822
231,348
24,865
*1,290
$96,459
4,755
*9,121
income—
223,331
Operating
Steam
245,809
48,363
42,719
23,164
1,580
income—
*26,114
oper.
ry.
1945—Month—1944
$849,884
$9,783,525
151,347
206,159
1,139,444
2,617,551
2,456.351
40,017
77,627
641,798
606,905
903,658
953,581
99,922
99,100
1,202,198
1,090,700
1,191,514
162,000
$186,099
$175,712
$2,188,176
$2,306,454
Dr605
307
9,145
1,379
$185,494
$176,019
$2,197,321
$2,307,833
66,394
63,514
811,955
877,726
$119,100
$107,505
$1,385,366
$1,430,107
55,816
55,816
669,797
747,747
76,747
101,706
inc.—
1,130,400
$140,372
$96,072
$78,219
25,249
55,237
28,606
income
income
div.
57,636
21,398
20,889
^—
requirements™
from
$111,353
ry.
Net
railwayrailway-
from
Net ry.
—V.
191,726
58,204
36,711
53,531
80,881
46,581
Judge R.
the
*5fce
U. S. District Court at Pittsburgh has
of reorganization whereby holders
Gibson in the
M.
the
of
plan
of preferred stock will receive $50 in cash and
stock of the Pittsburgh Terminal Realization Corp. for
shares
of
each preferred
1945—Month—1944
Period Ended Jan. 31—
share.
Operating
revenues
$2,462,426
_—
945,601
Operation
148,865
Maintenance
In
the
ing
latter
assets
132,929
126,248
1,561,739
taxes.™
income
taxes
real
holdings
estate
Remain¬
$400,000.—
taxes.
approximately
of
377,948
341,323
3,674,895
269,588
276,810
2,937,986
$578,419
$6,426,195
$6,993,371
4,209
3,543
112,334
17,858
(net)
._1__
Balance
C. Freeman, President, in
stockholders, said In part:
company's
the
annual report to
98th
$583,286
$574,876
$6,313,861
$6,975,514
193,488
199,530
2,298,476
2,765,324
amortiz
&
Balance
tax
for cooking,
water heating and refrigeration.
There were 92,786 customer meters
in use at the beginning of the year and 94,380 at the end of the
year.^
The company's stock is widely held.
In 1944 the number of
Approximately 61%
from
to
7,706
of
the
sale
called
for
redemption,
of
as
Aug.
15,
1944,
its
B bonds
($3,250,000,—4%
February 1963) at 102V2.
The un¬
amortized ,debt discount and expense and the premium on the B bonds
charged to 1944 operation.
Income
;
Operating income
Operating expense
Account
•-
for
'■
_.
Years
Ended
>
31
Dec.
1944
——
1943
—
$3,796,506
$3,731,100
—
———
2,924,157
ry.
$872,349
$715,906
—
9,482
5,566
———
$862,867
income————_
gross
Prior
from
Net
ry.
—V.
361,387
137,806
Surplus 'December
;; 1,523,460
$2,056,185
—
$2,095,994
537,014
paid_%_:
31
$1,519,171
—
Condensed
Balance
Sheet
Cash
ip
%%
——
of
cert,
receivable
and
.
: '
•
debits
5,884
G29.918
____
546,263
10,269
supplies
864,795
435,879
™
650,000
899,655
™
SffndTl ^accounts
f"ndS r
Prepaid
Unadjusted
1,518,326
1,071,105
19,058.431
18,119,809
13,866,664
4,845,590
5,786,542
5,730,015
3,945,050
2,084,516
2,194.461
2,879,240
2,020,997
income.™.
1359.
635,134
423,105
536.681
29,869
__
——
25,712
47*238
__
1
183*318
March,
for
last
March,
and
this
offset
to
year,
February
will
year,
cf
be
sufficiently
declines
1945,
T.
A.
in
Higher—
than sales
experienced in
said.—V. 161,
greater
production
President,
Bard,
47.
p.
Reeves-Ely Laboratories, Inc.—Registers With SEC—
the SEC covering a;
convertible preference
Company has filed a registration statement with
issue
stock
of
($4
headed
in
shares
550,000
of
cumulative
30c
The stock will be underwritten by a banking group
M. Byllesby & Co., Inc.
Proceeds to be received by the
par).
by H.
from the sale of these shares will be added to working capital.
and
Company
its
subsidiaries
manufacturing
presently
are
engaged
production, with combined sales in 1944 of over $25,000,000, and
war
volume of sales is anticipated for 1945.
Peacetime products
include electronic devices, high-frequency radio and communica¬
equipment,
larger
precision
appliances,
quartz
including
crystals, transformers and electrical
the well known Waring Blendor.
Remington Rand Inc.—Listing of Additional Common
Crl07,324 Crl.036,675 Crl,265,298
$482,671
$5,052,061
$5,475,488
—637,500
$389,798
618,750
The
stock
stockholders
applied
for
$1»
record
as
upon
the
at
close
of
161,
business
making the
dividend
5%
a
shares.—V.
1,922,964
the listing of 91,570
official notice of
authorized
(par
of
payable April 2, 1945,
1945,
amount
Exchange has
common
467.
p.
Republic Drill & Tool Co.—Earnings—
6 Months Ended Dec. 31—
income
Net
after charges
Earns, per sh.
—V.
161.
— -
1943
$112,919
■
_
$171,820
$0.26
$0.42
-
605.
p.
Rheem Mfg.
second
The
1944
and taxes™——:
cl. A and com. stocks
on
Co.—To Open New Plant Sept. 1—
plant
be
to
operated
in
the Birmingham,
Ala.,
area
by
this
company
is scheduled to
begin
production
of
75-mm.
shell
forgings about Sept. 1.
This will increase the number of Rheem
plants making shells and cartridge cases to eleven.
See V. 161, p. 706.
—V. 161, p. 1359.
-
.■
special three-judge expediting U. S. District Court at Phila¬
on March 22 gave company one year in which to contract for
of either the capital stock or the assets of its $80,000,000
sale
The
business.
order,
Goodrich
signed
and
by
Albert
B.
Richmond Fredericksburg & Potomac
John
Judges
Circuit
Maris,
implements
Biggs, Jr., Herbert F.
the Court's decree of last
and
servicing
the
Inc.,
not
businesses.
company
also
fell
fails
far
to
It
did
produce
short
of
the
Gross
sleeping car manufacturing
not specify what would be done
contract within the allotted time
a
Government's
demands
that
a
Net
ry.
from
Net
did
not
accede
to
the
Government's
sale
can
ry.
—V.
1942
•
$3,066,368
$2,778,481
$1,645,817
1,405,997
-1,691,133
1,678,243
783,704
income—
173,398
277,679
290,144
306,893
5,860,986
6,319,315
5,888,887
3,313,349
2,769,323
3.531,567
3,629,326
1,574.480
381,902
railway____
railway
585,054
629,181
625,322
income
oper.
161, p.
1028.
Rohr Aircraft Corp.—Probable Shift in Control—
This
and the International Detrola Corp. have agreed
exchange of stock interests and for an integrated
of manufacturing related to the aviation, radio
and automobile industries,
they announced on March 28.
The joint statement by Fred H. Rohr, President and General Manager
of Rohr Aircraft, and C. Russell Feldmann, President and Chairman
on
corporation
proposal
a
post-war
ness."
The Court retained jurisdiction and no
from
Net
demand
for an immediate ruling that Pullman Co. cannot simply go out of
business, leaving the traveling public and the railroads without sleep¬
ing car service, and instead of specifically ordering as the Govern¬
ment
requested, the Pullman Group to offer the business to any
"responsible" purchaser or purchasers, the Court simply stated that
Pullman, Inc., "may cause the Pullman Co. to offer to treat with the
railroads or any other persons for the sale of the sleeping car busi¬
Court
1943
$2,902,119
railway—«
railway—.
oper.
RR.—Earnings—
1944
From Jan. 1—
Gross
year.
the
from
Pullman,
required to sell the car-manufacturing business if it does
produce contracts for the sale of the servicing unit, the Pullman
within
from
Net
be
Likewise,
1945
February—
May 8 ordering the company to divorce its
if
of
common
debt
continue
delphia
the
shares
to
March 9,
total
company
York Stock
New
additional
on
Sleeping Car Business—
Co.,
1943
1,000,000
—_
—
receivable
Materials
$1,558,980
31
$19,252,890 $19,177,459
indebtedness
banks, and offices—
Interest
Dec.
1944
Treasury,
Accounts
at
•
———
S.
992,184
13,214,581
1942
<
tion
is considering the possibility of refinancing its present
and the management feels that if existing market
substantial savings in interest charges can
be
effected,
Frank McLaughlin,
President,
told shareholders
at, their
annual meeting on March 27.
The utility has outstanding $52,000,000
of first mortgage 4%
bonds due in 1972, plus an issue of serial notes.
Refinancing
at
this
time looks attractive, Mr. McLaughlin
said,
because this year the company will move into the excess profits tax
bracket to the extent of almost $2,000,000.—V. 161, p. 1027.
The
conditions
and
u.
2.079,862
income—
P.
January
exc.
—
outstanding
$572,534
537,014
—
and
*
1,554,704
—;
—
declared
«As!$8T
$6,876,689
2,927,134
2,512,565
railway
issuance
A
$710,340
'$501,481
.
Adjusted surplus at Jan. lr—
Total^L
1943
$9,015,710
$9,009,536
railway
oper.
161.
household
preference dividends paid—
servicing
income
Dividends
1944
$9,618,439
2,898,393
3,146,954
1945
oper.
161, p. 1359.
Date
Stock—
1
Grossf'(income
Net
for February and Year to
railway——
from
Net
3.015,194
—™™—».™__
Net operating income
Non-operating income (Dr)„±
from
together with additional
From Jan. 1—
Gross
Pullman, Inc.—Has Year Within Which to Dispose of
Deductions
bonds,
new
will
$4,210,190
May Refinance—
series
were
of
over"
Balance
7,890.
of July 10, 1944, the company sold to four insurance companies
series C bonds ($3,300,000—3%. July 1974) at 102 and with the
As
Its
from
from
resulting
"carry
$4,015,385
inc.
profits tax credit—
of the gas sold is used in the homes
increased
Fed.
of
$375,347
$389,798
—
Reduction
1944 was 3,942,653,000 cubic feet, com¬
pared with 3,849,326,000 cubic feet for 1943, an increase of 2.4% .
Increases occurred in the amounts of gas sold in all classifications.
proceeds
the
of
railway
from
Net
a
The gas'sendout for the year
stockholders
sale
payment of certain prior lien obligations.—V.
company
Providence Gas Co.—Annual Report—
>
the
February—
Gross
>2,343,086
2,760,067
——™~-
Other inc. deduct,
Interest
P.
.
from
Earnings
new
161, p.. 212.
the
for the
1,480,188
$587,495
Federal
Other
payments is $300,000 due for municipal
are
Vath of 1%
Proceeds
for
—_
Depreciation
Judge Gibson fixed April 15 as the date for distribution of the cash
and stopk.
Meanwhile, trustees will pay off other creditors.
Included
V.
1945—12 Mos.—1944
of
cash, will be used for the redemption of all the general and refunding
bonds of the company now outstanding in the hands of the public, and
Sales
$2,365,029 $26,686,936 $24,989,898
897,009
10,381,473
9,603,445
145,220
1,704,848
1,809,741
it
Brown, President of the raiiroad, at Room 423 Reading Terminal In
Philadelphia up to 12 o'clock noon, April 12, 1945.
The interest rate
specified in the bids, which shall be expressed in some multiple
Reliance Mfg. Co. of Illinois—March Sales
consummation
16,378
share
with 189,059,000 kwh. for the corresponding week last year,
increase of 3.5%.—V. 161, p. 1358.
from
must be
Puget Sound Power & Light Co. (& Subs.)—Earnings
Consummation of
Plan Ordered—
of
ended
week
the
Corp.—Output—
of the operating companies served by this corporation
March
24, 1945, totaled 195,731,000 kwh., as
Electric output
for
an
Pittsburgh Terminal Coal Corp.
ordered
1358.
compared
1100.
p.
161, p.
Public Utility Engineering & Service
168,279
97,050
39,965
income—
oper.
161,
274,807
227,711
55,515
from
Gross
—V.
'
Is formally inviting bids for the purchase
company
Net
23.377
18,608
/,
deductions
Pfd.
railway.——™
(net)
income
Non-oper
Net
1942
1943
1944
income——
oper.
Gross
oper. income—
From Jan. 1—
Net
Net
The
$84,000,000 first and refunding mortgage bonds, Series D, to be dated
May 1, 1945, and mature in 1995.
Bias are to be presented to R. W,
of
Net
Co.—Seeks Bids for Purchase of $84,000,000
Reading
Bonds—
Fed.
on
preferred of
1,087,409
—-
taxes
common
of
Raytheon
$9,732,614
80,106
213,186
d
income
Federal
be
shares
1945—12 Mos.—1944
$858,027
—_
than
other
Total
%
1945
$1,325,482;
profits
and
depreciation™
for
Prov.
Pittsburg & Shawmut RR.—Earnings—
FebruaryGross, from railway—
of no par value),
38,183
revenues
generation
Taxes
23,325
161, pp. 605 and 1027.
"Deficit.—V.
for
accrued
13,281
196,404
railway-
Net from
Net
railway-™™™
from
provision
$645,807;
Service Co. of New Hampshire—Earnings—
Public
From Jan. 1—
Gross
taxes),
surplus, $412,639; deferred surplus (portion of excess
refundable), $332,883; total, $3,773,800.—V. 149, p. 120.
tax
Maintenance
1944
$112,784
9,954
*2,943
1945
February—
.
from railway
profits
earned
purchased power.™
Other operation
-Earnings—
& Northern RR.
and
with a par value of 50 cents a share, and 140,000
a
par value of $5 a share.
'
Manufacturing Co. reports for the seven months ended
Dec. 31, 1944, a net profit of $2,409,167 after charges and provision
of $6,300,000 (net) for Federal income and excess profits taxes.
The
above net is equivalent, after deducting seven months' dividend re¬
quirements on the 120,510 shares of 6% (par $55 preferred stock out¬
standing at close of the period, to $3.26 a share on the 732,723 shares
of common
stock presently outstanding.
Net sales for the period
amounted to $96,640,657.
No provision was made for renegotiation.
The Dec, 31. 1944, balance sheet shows current assets of $59,135,314,
including cash of $8,358,195 and inventories of $37,622,784.
Current
liabilities at the same date, including $17,684,627 of U. S. Government
contract
advances, totaled $55,530,155.
Net income of Belmont Radio Corp. for the year ended Dec. 31, 1944,
was
$692,190, after charges and Federal income and excess profits
taxes.
No provision was made for renegotiation, as the management
is of the opinion that no refund will be required.
The 1943 net income
was $500,665 after renegotiation settlement.—V. 161, p. 920.
will
charges, $56,027; unredeemed tickets, $219,556; operating and insurance
reserves. $242,675; reserve for contingencies, $300,000; mortgage loans,
&
Gross
Net
$870,131
$280,995
$383,373
$151,157
profits taxes
excess
—V.
&
1944
(including
payable
wages
income
Period End. February-
Income
Fed.
•Incl.
Dec. 81,
Sheet,
$75,836; call loans, $250,000; Government and other
market value), $863,166; accounts and bills re¬
ceivable
(less reserve),
$133,852; materials and supplies, $238,859;
motor
coaches
and
equipment
(after reserve for depreciation of
$2,193,637), $404,214;
land, $286,368; buildings (less depreciation),
$607,796; refundable portion of excess profits taxes, $332,863; invest¬
ments in associated companies, $49,982; franchises, $491,448; deferred
charges to operation, $39,415; total, $3,773,800.
%
r
than
less
(at
Liabilities—Accounts
income-
oper.
income
Total
$420,802
26,658
Equip. & it. facil. rents
Other
$5,569,638
4,618,204
$2,730,926
2,279,097
$260,525
Ry. oper.4 expenses^—
•Railway tax accruals-
Net ry.
2 Mos.—1944
$4,767,611
4,571,038
$2,270,495
2,191,219
325,238
0506,487
* revenues™™™™
oper,
1945
1945-Month—1944
Period End, February—
Consolidated Balance
Assets—Cash,
bonds
be made without its
for
program
____
Total
approval.
<%i~_--____™_™—
$22,728,824 $22,625,246
"
Liabilities—
Capital stbek
$11,507,445 $11,507,445
___
^irst mortgage,
series B, 4%
First mige; ser. C, 3%
bonds,
bonds--—
due June 1,
3,000
3,300,000
1974
•
accrued
SiirnhibUti0n6 t0r extensions———
_
■
•
_
Tojaj —
•Called
15, 1944—V.
160,
p.
3 24=
122*338
56*249
423)25
1,519,171
1,558,980
$22,728,824 $22,625,246
1
—
Aug.
1192.
'
%
ODeaAu™r«i,n/„jrenUe-"------—-----operating expenses
™___™™™™,__™™.;™™™
and
Operating taxes
Reserved
for
and
general
™—__
expenses———
licenses-
operating profit.._—..—
Income».from investments.
—
_
__
pr?y" for
$143,264
Income and" profits-7a~xe~s~7o7"which
is
refundable)
10
154 229
154 541
45
372,526
<sh47 ran
15 014
~15£i£
amounted to $100,000.
today
May
1
Detrola
its
exchange
of
stock
interests
manufacturing programs
of
Rohr
Aircraft Corp.
managements
Corp.
maintaining
follows:
mutual
post-war
the
by
to
Detrola,
for
in
aircraft
production
was
and
activities
after
war,
Rohr will be prepared to institute the fabrication and sub¬
assembly of automotive parts to serve Western assembly plants of
automobile manufacturers.
In this aircraft-automotive opera¬
upon
major
motive
from
13,783
689,500
a
"No
the same
announced
total
of
had
other
22,616
shipments
during
almost three to one,
February
>
V.'
t,he announcement explained.—V. 161,
%-•
p.
1100.
'•>
■■ ■,
on
special stockholders' meeting has been called for April 5 to
vote on a plan to acquire all of the property and assets of the Belmont
Radio
Corp, on the basis of nine-tenths of a share of Raytheon
common
for each share of Belmont, of which there are issued and
outstanding 300,000 shares of no par value.
Under the plan a new corporation will be formed under the name of
Belmont Radio Corp.,
to which will be transferred all the property
and
assets
of the present Belmont
Radio Corp.
Raytheon Manu¬
facturing Co. then will acquire all the capital stock of the new cor¬
poration in exchange for 270.000 shares of Raytheon common stock.
stockholders
also
will
be asked to increase the
authorized
com¬
Raytheon by 270,000 shares, and amend the certificate
of incorporation to the effect that the total number of shares of
authorized stock will be 1,298,482 shares, of which 1,158,482 shares
stock
of
with
Coast
Detroit,
to
production
assembly
serve
radio-electronic
auto¬
directly
*
in
either
which
program
facilities
certain
products
now
personnel
fully
or
engages
was stated, will affiliate companies which during 1944
sales of $106,529,369.
the agreement will be started promptly,
for
shares
at
one
p.
and
said,
will
in
be
and
given
it
is
the
Detrola
shares
of Rohr
one-half
that
expected
opportunity
International
at
a
for
of
Rohr
stockholders
exchanging
ratio
of
fixed
in
their
the
spon
stock
proposal
47.
one
International—V.
161
Royal Typewriter Co., Inc.—New Director—
■.
Acquisition—
A
mon
it
statement
thereafter
airborne
'■(%()' yh;
Pacific
Division,
plant close to their markets.
change or interrupt'on is contemplated
aggregate
the
recently.
Raytheon Mfg. Co.—To Vote
the
created
Radio
customers
Formal procedure pursuant to
gained 36%
month 1944, the Air Express Division of Railway Express
express
be
also
Detrola's
by
and
operations in the war
both corporations."
%
1944.
will
there
required
The move,
The
acc°"°':;;
Note—Dividends paid in 1944
R
$980 624
san""
on
International Shipments Increased in February—
o 04.7 qo?
12,598
meeting
1358.
Express
38.014 for January,
.
™—™—,——828,000
annual
.
2 866 077
—-----
interest-
'
21^809
Net
their
shipments, including import and export
traffic, was haiidlbd 'by the Agency compared with 16,514 during
February 1944.■<_
"'v
Outgoing
air shipments exceeded
the
incoming commodities
by
322,431
____
at
Division of Railway Express Agency on March 19
announced
that air express shipments handled in combined air-rail
service during January rose 20%
over the same period in
1944.
Air-rail
shipments for the month totaled 45,971: compared with
A
A »4.0003502
437967
depreciation
vote
tion
Air
Agency
Consolidated Income Account for Calendar
Years
Administration
proposal
a
cooperation
addition
"In
Railway Express Agency, Inc.—January Shipments Up
The
over
V
will
employees' retirement plan.—V. 161, p.
International; aity
Provincial Transport Co.—Annual
Report—,
(Including wholly-owned subsidiaries)
International
of
on
close
the
43!054
---
,
board,
for
leached
1100.
stockholders
The
4 30c
_
the
"Agreement
and
Radio Corp. of America—Retirement Plan—
68^§? % SH™
™—™™™__
p.
other
of
may sell the stock of the Pullman
entirely to railroads of the United States,
"responsible party, either in whole or in part."—
however,
Inc.,
either
owns,
International
an
liabilities.^
credits
161,
'
211185?
Unadjusted
V.
any
it
3,250 000
•
Giuor
to
or
Pullman,
which
Co.,
:
T.
Reed
Vreeland,
international banker, has been
elected
a
director
to succeed his father, the late Herbert Harold Vreeland.
The new director was, for six years, a director of Visible
Writing
Machine Co., Ltd., a British subsidiary.
Mr.
Vreeland
is
President
of
Moorgate
Agency
(Canada)
Ltd.
a
banking and industrial management company owned by the
banking firm of Erlangers Ltd., London.
He makes
his
headquarters in Montreal, where Royal Typewriter has a Canadian
branch.—V. 161, p. 1247.
private
merchant
,
St Joseph Lead Co.—Annual
Meeting Date—
will vote April 19 on changing the
day for the
meeting of the stockholders from the third Thursday of
April
to the second Monday of May in each year commencing in the vear
1946.—V. 160, p. 669.
* ~
The
annual
stockholders
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
Volume 161
Account
Income
Dec.
Ending
Year
for
Assets—Demand
1044
30,
Total
expense
Federal
.'.
Notes—Included
the
in
charges
for
operations
to
the
year
of
$169,770
profit
before
after
stock
to
$9.42
and
U.
Accounts
per
-
and
of
depreciation
and
other
un¬
$5,554.-
buildings
amortization of
fixed
assets
cost
at
and
war
the
(after
and
total,
from
Net
$1,796,325;
accrued
$1,067,824
—-
stock,. prepaid
treasury
:
E
:
1
—
series
4,823,933
-
warranty
$7,429,122
-
(after bonds
service,
cellaneous
surplus,
—V.
held
for
$1,537,260;
$33,019;
reserves,
$4,077,265;
of
resale
earned
$32,662),
$19,929;
payable and reserve for Federal taxes
surplus,
shares
Capital
depreciation
for
in
—'v.
„
,.;f
Interstate
Commission
Commerce
Frank A.
of
possible
position
Seaboard Air Line Ry.—Invites
March 26
approved a
trustee of the company.—
The receivers
maturing
of
at its regional offices in
St. Louis on the application of the company to withdraw its ($15 par)
common
stock and ($100 par) 7%
cumulative preferred stock from
listing and registration on the St. Louis Stock Exchange.—V. 158,
p.
set
April
for
12
called
been
redemption
for
in
1961, at 103 and
America National
Savings Association, trustee, 300 Montgomery St., San Fran¬
mortgage 3%%
bonds, series A, due Dec. 1,
interest.
Payment will be made at the Bank of
first
&
159, p.
cisco, Calif.—V.
1290.
.'
its
of
admin,
1943—6 Mos.—1944
stock,
class
estate
Other
in
to
the
stock.
A
A
Class
two
next
National
through
of
ratio
The
157,140
13,391
25,754
$270,365
$94,967
2,190
$524,347
$105,775
1,618
3,491
Interest
$97,157
$527,838
.
.
80,625
86,750
162,500
173,833
71,004
69,137
141,915
138,274
charges
j
25,074
■":';*vvVvrr'H;:<■'
Balance
Assets—Cash
receivable
notes
•$202,098
$223,425
*$58,730
$120,354
profit
•Loss.
receivable,
investment
inventories
$29;
United
in
cash in hanks, $459,644;
of
States
of
$20,491),
accounts,
doubtful
for
reserve
1945
Sheet, Jan. 31,
$45,000;
hand,
on
(after
is
A
and
has
an
two
E.
P.
Dr.
been
F.
Angeles,
other
interest
(after
total building, furniture and equipment
for depreciation of $2,281,526), $12,301,505; additions to
fund,
reserve
reserve
$3,328;
and replacements of fixed assets
(after
$11,169), $66,764; total, $13,236,299.
Corp. of Calif., is
exchange of class A stock
shares
offer
of
stockholders
to
accrued expenses,
benefits
ance
and
retroactive
accounts
cumulative interest at 3% per
annum on income bonds dated Oct. 1, 1936, $938,000; unearned income
—business rentals received in advance/ $1,417; funded debt/$9,250,000;
reserve
for repairs and maintenance, $7,477; reserve for replacement
of linen, china, glass and silver, $9,131; reserve for replacement of air
conditioning equipment, $4,400; class "A" common stock (par $1),
$27,350; class "B" common stock (par $1), $27,350; capital surplus,
$4,769,901;
earned
deficit,
$2,130,709;
total,
$13,236,299.—V.
161,
in
ances
p.
expired
1
•
receivable,
$23,727;
314.
at
1946;
$11.50
for the
478,000
300,773
334,808^'
-
104,100
$943,059 '
1 $918,578
133,803 * '' 142,862
earnings
income
Net
(net)
-
earnings
Interest
$1,076,862
$1,061,440
417,356 '<> ^411,685
———
charges,
Net
deductions
etc.,
income
$659,506
accrued
preferred
on
$649,754
335,678
335,678
$323,828
Dividends
;-fJ'$3l4,0f6
stocks
Balance
Earnings
•To
increased
to
were
cents.
55
cents
five
Initial
a
quarterly
share in
dividend,
have
elected
been
directors
Shell
of
Inc.—V,
Co.,
Oil
161,
247.
The
directors
which
holders
change
their
also
$100
of
The
March
on
of
$100
5%
par
share
stock,
Effective—
offer under
effective the recent
declared
15
preferred stock, series A, could ex¬
for 4% series preferred stock,
share,
for
value.
company's production
par
share
per
on
for
reserve
reduction
in
118,938 cocmmcn shares
$2.72 J,
'
$2.64"
on
street
railway investment equivalent to
loss
consolidated
Federal
income
and
profits;
excess
resulting from sale of railway property by subsidiary.—V. 161',
(L. C.)
The
taxes
p.
921.
Smith & Corona Typewriters Inc.—Listing of
additional
issued
Common
York
New
Stock
shares
and
of
Stock—
stock
common
shares
listing of
authorized the
Exchange has
into
par)
(no
46,332
the; presently
which
stock are changed, upon
official notice of issuance pursuant to the change of preferred stock
into common stock, making a total of 322,613 shares authorized to be
outstanding
of
preferred
.
stated.—V.
161,
of
rate
773.
p.
house
exterior
paint during the
-
*
f
-
,
.
(& Subs.)—Earnings—
Simpsons, Ltd.
A plan
for recapitalization was adopted at a special ■ meeting of
stockholders, March 1, 1945.
The plan provides for the change of all the issued and outstanding
shares
Jan. 3, '45
$7,043,265
Jan. 5, '44
$6,518,332
49,683
81,863
$7,092,947
$6,600,194
12,340
503,928
ings and Profit Sharing Fund
59,400
Provision for pensions
——100,000
46,800
75,000
profit
operations———-.-^
investments
from
Income
from
V
—
remuneration
Interest
to
underwriting
of
of premium
and
pense
written
Prov.
contribution
for
Proportion
than
salaries—
bonds—
on
Provision
other
Employees'
and
on
Sav¬
refunding
ex- ■;/:
for
:
"
186,450
of bldgs. and equipment—703,350
off,
for
year
-
Previous
180.200
—
for deprec.
against future deprec. in inventory values
Provision for income and excess profits taxes—
Prov.
earned
—
surplus_«—
—_
—
832,345
—200,000
4,105,000
3,672,000
$1,422,479
2,549,995
<
$1,020,663
2,823,082
of
stock
the
the
of
stock,
each
shares
elimination
of
consisting
stock
common
for
of
the
of
par)
(no
outstanding
preferred
12,870
in
stock
shares
(no
into
par)
3% shares of
stock, for a
held in the treasury,
ratio
a
of
share
of
preferred
now
preferred stock.—V.
161, p.
1359.
b
•»'
„
<
South Penn Oil Co.—Secondary Offering—The Mellon
Securities Corp. effected on March 23 a secondary distri¬
bution of 3,920 shares of common stock (par $25), at
$46 V2
to
share, with a concession of 60 cents a share
The offering was oversubscribed.—V. 161,
per
dealers.
1029.
p.
;
'
...
California
Southern
Co.—Annual
Edison
Report—
Harry J. Bauer, President, in his remarks to stockhold¬
states:
K
ers,
operating revenue in 1944 was.i$64,020(or 11.8% over the preceding year, the
Operating. Revenue—Total
200,
securities retired,
preferred
shares
retirement
11,940
561,245
Fiscal Year Ending—
•Combined
of
46,332
common
January-March period of this year is approximately 50% of the volume
made in the January-March three months last year, it was recently
Profit
'
-
Total
share.
which
stock,
common
April,
per
Davis,
Directors'
payable, $83,769; taxes payable and accrued,
$94,073; reserve for union employees insur¬
wage adjustments, $22,370;
credit bal¬
Liabilities—Accounts
$53,342;
profits taxes
excess
addition
124,808
302,844
each
for
common
Vs "-'V
<
for depreciation) of
reserve
144,706 ''
,J<
481,7601 '
183,707J ':
290,696
listed.
certificates
America
and
income
•Special
Vice-President in charge of marketing, New York, and
Vice-President and chief consulting geologist, Los
Lakin,
E.
p.
cost),
(at
1945
1944
$3,874,950 t<$3,593,164
1,496,210
" 1,364,060
—
...J.
Additional
beverages, $104,102;
of indebtedness—
and
food
accounts
revenues
a
callable at $13 to
thereafter at $10
the
on
consolidated)
February—
.
$152,727;
$30,000;
other
investments
(nominal value), $1;
inventories, $48,060;
prepaid and deferred charges, $25,139;
%%.
'
,
adjustment offer, of 13% cents a share has been declared.,
payable April 20 next, to holders of record March 31.—V. 1601 P. 1300.
$110,010
-
Net
Federal
from
of the cost
75%
Sherwin-Williams Co., Cleveland—Plan
income
Total
each
$88,000
of
4,235
$271,983
Net oper, income
Other indbrae
•
<
V
this
161,190
80,400
13,500
r
•
for depreciation
Taxes, other than Federal income
1,036,575
78,570
taxes
taxes
bapitdl'and
for future ex¬
the accounts
Provision
Funding
exchange
..
stock
years
have
"
Real
instalments
the
by. 463,650
sale), $23,542.
Maintenance
on
$1,328,614
1,122,710
544,391
585,725
with
Operation
Shell Union Oil Corp.—-New Directors of Affiliate—
exp.
Co.
(Subsidiary companies not
preferential dividend rate of $1.10 per
annum, if earned, plus participation on dividends paid on the common
and
gen.
shareholders, represented
outstanding—undistributed
of
Co.—Adjusts Capital—
structure
stock
class
Dividends
$1,829,951
$733,148
$948,160
revenues-—
and
,
semi-annual
3.';:v
under
1945—3 Mos.—1944
Period End. Jan. 31—
Federal
on
$2,374,665
representing the amount recovered in
Hedged value) of Simms Oil Co. stock and expenses
12 Months Ended
$2,640,000
The certificates, dated May 1, 1945, and
successor
capital
common
1944,
Oper.
equal
company,
The
'
,
Savoy-Plaza, Inc.—Earnings—
Operating
30
Seaboard Finance
March
1, next, $24,000 of
June
due
of deficits for
Sioux City Gas & Electric Co.—Earnings—
6ids—
Equipment
inviting bids to be received April 17
1945, to May 1, 1960, are designed to cover
equipment.—V. 161, p. 1359.
The
share
Redemption—
on
(refund
receivable
total, $23,542.
reserve has been provided in
of administration.—V. 160, p. 471.
Other
into
San Jose Water Works—Partial
Trust
1,
new
adjusting
have
always
not
hearing
a
1771.
There
are
equipment trust certificates.
Nov.
has
interest
Petroleum
cost
connection
Operating
161. p. 1359.
SEC
is
it
reasons
.
St. Louis Screw & Bolt Co.—To Delist Stock—
The
mechanical
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
as possible.
order.
on
sole
be
Thompson to
1944), $13,862;
1
NOTE—For
St. Louis-San Francisco Ry.—Sole Trustee—
The
petition
V.
:
157, p. 479.
the
$23,342
,)t
Sheet, Dec. 31, 1944
by reason of carry-back
1942,
Note—No
penses
$7,429,122
Total
and
for
(including
of
excess
161, p. 1028.
3,000,000
3,341,055
stock
Surplus and reserve
$16,800
accounts
$9,680;
paid
Simms
of
surplus
$20,112,645.
total,
$8,294,507;
tax
I943
3944
Liabilities—Capital
$1,088,067
—
,
•_
—
1943
years
for
reserves
per
the final
Assets—Cash,
Liabilities—
Accounts
fund,
loss
income
for contingencies, $450,000; mis¬
stock (par $1), $1,726,926; capital
reserve
common
this
on the part of such claimants.
at Dec.
31,
1944,
were
equal to
share.
As certain expenses must be. paid
dividend must necessarily be less than this
receivable
Balance
$759>128: accrued taxes, other than Federal taxes on income,
sundry expenses accrued, $28,921; provision for employees'
$596,595; provision for Federal taxes on income (after U. S.
Treasury notes, series C, 1947 of $400,000), $25,362; dividends payable,
$431,731; employees' deposits for purchase of U. S. War Savings Bonds,
1,537,365
^
accounts
and
salaries
$10,177,117,
aggregated
Calendar Years—
$20,112,645.
payable,
have
1935,
amount.
items, $163,645; patents, contract rights, etc.,
bonus,
1944
30,
post-war credit
Total
$1;
June,
action
of further
and
approximately five cents
$335,676;
Sheet, Dec.
inventories,
plant
goodwill,
Liabilities—Accounts
necessity
Cash
for
reserve
in
settlement of Federal income tax liability
for prior years and after all liabilities of the company and all expenses
incurred in connection with the liquidation of the company shall have
been paid or provided for, a final dividend In complete cancellation of
the shares of capital stock will be paid to all shareholders who have
properly filed their claims with the Wilmington Trust Co,, without
$874,-
$1,293,971;
$200,000,
voted
was
equal to $21.95 per share.
It Is anticipated that upon
notes
receiv¬
land,
$3,399,642;
$3,587,649;
bonds,
$89,267),
receivable,
disallowances,
(net),
for
reserve
$4,927,128),
for
of
accounts
(accounts
reserve
inventories
and
notes
contracts
less
penses and other deferred
.
excess
securities.
S.
receivable,
and
items
■
share.
of
Balance
Cash
fees,
liquidation
S.
accounts
depreciation; tools and dies at cost less amortiza¬
tion; construction, in progress at cost), $127,729; deposits, miscel¬
laneous
investments, and sundry receivables, $180,027; prepaid ex¬
profits taxes on the
amounted to $35.01 per share; Federal
$25.59
per
share, leaving a net profit
and
income
amounted
taxes
taxes
paid.
were
Federal
capital
outstanding
income
$20,967
31, 1944
Oct.
,
dividends
The
facilities
and
■
and
$6,848,548;
equipment (after
were:
payroll, $2,607,653; city, State and Federal taxes, $859,234,
depreciation, $120,000.
>
During the year $91,134 was expended for plant improvements,
Total
for doubtful
reserve
costs
577),
$266,578
:
.
(after
cost-plus-fixed-fee
billed
Sheet,
in banks, $4,255,959; U.
indebtedness, $675,000; notes and
of
able
724,059
—i-.
certificates
Balance
deposits
445;
7,249,531
—
—
taxes
income
income
Net
and
$8,240,168
income
Gross
Consolidated
Co.—Annual Report—
Sagamore Manufacturing
1469
increase of $6,745,373,
an
has been emphasized in war time by
use of electrical equipment and has brought into active use
hitherto idle appliances. The annual consumption by the . aver¬
age residential customer on our system is 1,146 kilowatt-hours as com¬
pared with 1,033 kilowatt-hours for the year ended Dec. 31, 1943, an
of
use
in
electricity
home
the
greater
many
of
increase
In
11%.
/,
contrast
sharp
to
the
operating
rising
expenses
and
taxes
the
cost per kilowatt-hour to the consumer of residential electric
service declined 1.5%.
Similarly, consumer costs per kilowatt-hour for
average
Sayre Electric Co.—1st Mtge. 5s Called—
Total
surplus——————
Preferred dividends paid—.—:
Pennsylvania Power Co., above.—V. 159, p. 774.
See Northern
O.—$2,500,000 Loan Placed Pri¬
vately—Company has just closed an unsecured loan of
$2,500,000 for 12 years at 3V2% with the Mutual Life In¬
surance Co. of New York and the New England Mutual
Schiff Co., Columbus,
Life Insurance Co.
Wertheim & Co. of New York. Proceeds
The
chain of shoe stores in many
are
to be used
operates a large
states.—V. 161, p. 1248.
company
$3,843,746
$3,972,474
1,631,250
1,293,750
-A $2,341,224
$2,549,995
1,362,350
profits tax
industrial
743,125
.
———
—
Refundable portion of excess
—
lower
surplus as at Jan. 3,
1945
-
1945
in
$409,026;
$4,337,492;
receipt of materials and goods in transit,
Canada bonds, $2,649,000; cash on hand and
of
advance
of
Dominion
in
operating
33.7%.
,
banks, $1,148,712; refundable portion of excess profits tax, $1,362,employees' stock purchase plan, $131,536; prepaid charges on
of future business, $997,092;
underwriting and refunding ex¬
pense and premium
on
securities retired, less amounts written off,
in
account
Schulte, Inc.—Pays Accruals—
(D. A.)
The
declared
have
directors
a
dividend
of
$2.50
a
share
p.
on
the
payment of
10/—V. 161,
Servel, Inc. (& Subs.)—Annual Report—
Income
Account,
Years Ended
1944
Oct. 31
1942
1943
v
1941
Sales, less returns, etc. t$58,019,340 $48,548,170 $20,458,226 $29,162,395
Cost of sales
453,051,226
43,532,137
16,851,423
20,928,468
Gross
service
Admin.
$4,968,114
$5,016,033
$3,606,803
$8,233,927
exps
1,785,885
1,075,927
1.369,506
875,577
1,583,883
694,098
3,112,446
847,118
on oper
$2,106,301
$2,770,950
$1,328,822
$4,274,363
Dr42,571
17,286
256,660
126,607
$2,063,731
$2,788,236
$1,585,482
$4,400,970
300,000
150,000
sales...
profit
Advertising,
gen.
profit
Other income
•'*
Total
Prov.
income
for
contingencies.
Provision
for Federal
Canadian
Provision
inc.
for
to
prior
Other
payable, including customers' deposit accounts,
interest, wages, rent, etc., $792,548; accrued taxes,
$3,072,253; contribution payable to employees' savings and profit shar¬
ing fund, $59,400; contribution payable to pensions trust, $100,000; ac¬
crued bond interest, $168,818; first mortgage 3J/2% serial bonds, $12,500,000; reserve for depreciation of buildings and equipment, $11,015,724; reserve against future depreciation in inventory values, $1,200,000; 6j/2% cumulative redeemable preference stock, $11,250,000; Class
A stock
(120,000 shares no par), $5,061,314; earned surplus, $2,341,224; refundable portion of excess profits tax, $1,362,350; total, $53,562.996.—V. 161, p. 773.
"
nJ.'MtU
400,000
1,291,137
205,127
960,000
b'jw,}
creased
annual report for the year ended Dec. 31, 1944,
follows:
'"i'»•
affairs of the company has been completed
and all
assets
have been collected
except certain claims for refund
from the Bureau of Internal Revenue on acocunt of- (taxes paid in a
the
1944.
between
Dec.
105.343
in
27,510
Earnings
per
$1,663,731
116,887
Cash, Jan.
$1,052,846
$1,828,236
1,726,926
1,726,926
1,726,926
$1.05
j
1,781,426
liquidation
during
share
1,726,926
1,781,426
$0.61
-
$1.53
•Charges for depreciation amounted to $435,873 in 1944, $446,592 in
$458,88T- in 1942, and $404,939 in 1941.
tlncludes billable costs
and fees on cost-plus-fixed-fee contracts.
% After $142,518 excess re¬
for contingencies
1,
1944,
and reflects
the progress
created in prior years.
.
-
$72,845
16,800
year
income Increased $4,389,600,
together with the increased
generating facilities, result¬
'•
$1,472,784.
expense declined
estimated life basis
an
on
,
.
in 1944 was
The provision
$730,432.
using
proceedings for this company and other utility companies over a,
period of years.
■■ K
long
Company's generat¬
ing plants and other sources totaled approximately 5,801 million kilo¬
watt-hours, an increase of 7.6% over the 1943 output.
A comparison
of 1944 output with 1943 by generating sources follows:
r
Supply—The transmitted output from the
Power
Millions Kwh.
1944
2,045
hydroelectric
Boulder
Other
plant
Canyon
hydroelectric
:
—
steam plant
Purchased and exchanged power
Beach
Long
Total
The
1944,
a
new
926,400
was
plants
decreased
water
17.8%
conditions.
with
compared
Because
of
this
,711
105
'
5,801
5,389
961,500 kilowatts occurred
1943 maximum peak
Dec. 30, 1943.
The
all-time record high.
The
kilowatts which occurred
annual load factor for 1944 was 68.8%; for 1943,
Production from the company's Big Creek and
demand
(
149
—»—
system peak demand for the year of
Sept. 26,
1,356
639
1,119
—
—
-
1943
2,578
1,889
599
-V:'/'
Creek
Big
1943,
deficiency
66.4%.
smaller hydroelectric
due
and
to below
to
meet
average
the in¬
demand, steam generation increased 57% over 1943.
Production
obtained from
the Boulder Canyon
hyroelectric
creased load
Basic
the
plant
made possible by the cutback in light metal production
plant, Las Vegas, Nevada, which: released
increased 39%,
at
1944
for the
Magnesium
approximately 30,000 kilowatts of capacity to the Edison system, be¬
ginning Nov. 17, 1944.
Curtailment of other light metals production
some
additional hydro capacity available to the company during
made
holders
$56,045
.'
Balance
Dividend in
stock
(par $1)_
1943,
serve
and Dec. 31,
that period:
1943,
31,
liabilities
$2,737,603
1,726,926
1,726,926
$0.96
dividends
common
outstanding
the
trusteeship until said refunds can be collected.
following table summarizes the.changes in assets and
Expenses
Common
In
_
profit for per'd.
Shares
of deficits of the trusteeship for the years 1943
opinion of the trustees, it is advisable to continue
prior year by reason
tax
applicable
years
the
steam
the sinking fund method with
an interest factor of 5%.
The sinking fund method has been used by
the Railroad Commission of the State of California in its regulatory
~ ~""
as
of
of
use
Depreciation
made
The trustees in their
reported, in part,
The liquidation
additional
ing in increased fuel costs of $583,048. The extraordinary demands of
the war years on all. plant facilities of the company require continually
increased
maintenance.
Expenditures for this purpose in 1944 in¬
.
7
The
charges
•Net
accrued
Simms Petroleum Co.—Annual Statement—
and
&
taxes
State
assessment
buildings and equipment at depreciated reproductive
and
selling
expenses
&
land,
Liabilities—Accounts
$4,640,364;
920.
Net
$1,527,368;
values, $31,738,005; total, $53,563,996.
revenues.
Federal taxes on
Below normal water conditions
necessitated
load
Assets—Inventories, $9,263,414; trade accounts receivable,
payments
$3,293,120
$3,703,574
Consolidated Balance Sheet, Jan. 3,
^
Expenses and Taxes—Operating expenses and taxes in¬
in 1944 over 1943, keeping pace with the increase
$6,448,199
or
Total
declined 2.2% and for agricultural power 1,6%. This
resulted from graduated declining rates Ipr in¬
consumption.
cost
volume
Operating
350;
preferred stock, clearing arrears, and vote a half-yearly
$2.50, both payable May 1 to holders of record April
power
average
creased
creased
arranged through
The financing was
chiefly for expansion.
Balance—
-
of
liquidation of 10 cents
record
as
of the close
1944
per
of
share paid to share¬
on July 19,
latter
the
1944—
Including the dividend
—
of
10
1944, shown in the above table,
$9,680
cents per share paid during the year
the distributions to shareholders since
of
the year.
utilities
in
Power Interchange
supervision
between
Cash, Dec. 31,
half
operating
Southwest
46,365
-
the
All
business
the
of
this
area
are members of the Pacific
Committee and are interconnected under
this
agency.
Greater
City of Los Angeles Department
flexibility
of
interchange
of Water and Power and
company's Long Beach Steam Plant was accomplished in No¬
vember, 1944, with the completion of installation of 100,000 kilowatts
of additional Interchange capacity.
the
THE COMMERCIAL & FINANCIAL CHRONICLE
1470
of Income
Statement
1941
1942
1943
taxes
Fed.
excess
Prov.
for
income.---, $32,019,987 $27,333,213 $24,949,588 $22,781,430
Other income (net)
666,742
553,202
449,873
f: 440,163
'
taxes
Int.
other
and
•Excess
"After
4,323,000
13,098,600
Net income?—.—
Divs.
on
Divs.
on
Divs. on cominon
stock-
239,951
4,783,378
4,772,619
Earns,
share.
$1.60
pfd. stk.——-
per
com.
458,000
449.000
03,296,700
*2,751,300
Federal
$1,270,253
$3.88
refund of $488,000 in
post-wai
28,
4,774,976
4,771,436
$1.57
$2.35
•
1941
$63,931,630 $57,099,269 $53,223,531 $48,706,199
13,823,149
12,750,247
11,036,663
9,824,524
Total
revenues
oper.
Operation
-
—
Maintenance
for
Prov.
3,644,871
—
2,035,930
State, local & misc. tax.
subject
1,882,342
8,802,258
6,495,975
2.172,330
7,871,365
8(606,161
6,620,591 % 6,480,688 v
depreciation-
8,042,645
i 6,190,948
$31,971,654 $27,089,843 $24,852,705 $22,765,740
1,027,711
830,400
678,673
714,481
Net oper. income——
Other income (net)
161,
income—
Gross
Int.
deducts.
other
and
Normal
tax
and
•Excess
profits
4,426,600
tax
13,098,600
will
be
offered,
being
are
called
for
redemption
May
on
* "
Net
Dividends
'•
$10,354,040
9,795,948
$10,112,099 $12,752,788
$9,604,791
9,798,484
paid
1943 and $431,500
10,632,884
9,798,713
$963,000 for
post-war refund of $1,455,400 for 1944,
"After deducting
for 1942.
from
Gross
™
23,160
aSS
13,174
...
'
576
llr
4?'7?7
45,737
..
Net ry. oper.
329,640
308,269
131,801
82,284
$(
6,484,019
13,217,439
7,792,234
1,144,023
6,987,501
8,159,129
1,151,338
8,122,197
5,726,503
income
rf696'"'
"
4-245
>
29,351
15,522
,
■
Amortiz. of debt disc, and expense
$
$
Electric plant.,
362,760,157 360,584,307
Cost of elec. plant requisitioned by U. S. Govt.
2,359,545
2,510,289
Investments (real estate, oil development, etc.)
3,089,188
5,086,292
Special deposits
—
63,294
34,469
Cash
4,695,869
5,568,127
Working funds
150,501.
150,707
U. S. Government obligations, at cost
27,600,000
16,380,000
—
4,367,196
-
—
and
supplies,
at
Prepayments and deferred charges
Debt
discount,
>'
refunded
on
Capital stock
redemption premium
issues——
1,417,657
V970.450
interest
other
amortiz,
Sundry
Total
7,899,729
11,239,296
3,368,417
selling expense op original issues
!
--J
:
.—
427,055,229 417,930,152
—
-
original
6%
4,000,000
34,588,943
34,588,943
stock—
Common
70,743,697
Accounts
payaBle——.1—•—
i—.—rrr-
138,000,000
2,058,319 <-..,2,741,088
"
Dividends payable
Customers'
325,813
377,334
19,029,232
1,405,000
1,405,000
767,764
—i.
566,398
interest-,
Accrued
1,734,*767
1,734,665
23,815,905
deposits——
Accrued taxes
Customers' advances for construction—±-
"
Premium
Reserves
bonds
on
outstanding
2,766,944
.
81,976,792
89,028,348
—
aid of construction
Contribution in
1,393,134
Earned surplusTotal
1,364,271
12,340,773
—
11,782,818
427,055,229 417,930,152
Net
ry.
Grots
1S45
1944
from
ry.
1943
-
161
1137
D
p.
Sprague
made
railway—
$36,578,987 $38,255 112 $33,950,215 $23,159,047
railway.——,
8,976,807
11,178,703
13,510,320
8,274.074
income—
2,702,795
2,652,995
4,280,054
5,559,567
s
From Jan. 1—
Gross
railwayfrom railway——
77,033,788
19,992,025
23,138,353
25,140,407
16,112,155
Net
ry.
income—
5,653,984
6,299,329
11,135,633
oper.
161,
66,957,170
46,979,417
1137.
p.
3,427,201
Official Promoted—-*
1,707,229
"26.705
1,175,004
978,956
571,552
•
;
;
/.'
..
Southern
*
'
•
*
•
;
.
,
.•
•
,
-
1945
.
railway—_ $22,570,009 $21,056,560 $18,629,309 $12,498,028
Net from railway9,696,812
8,937,780
3,960,832
8,876,250
Net
ry.
Gross
income—
1—
2,919,264
2,822,106
2,844,347
1,868.491
railway—.
45,089,471
42,129,351
37,906,321
25,562,228
18,448,614
17,369,009
17,738,706
>8,398,572
5,497,789
5,488,102
5,680,877
4,514,094
oper.
From Jan.
•<
from
Net
from
Net
ry.
railway
oper.
income...
Week End. Mar. 21
*
PeriodGross
—V.
1945
earnings
$7,097,273
...
Jan. 1 to Mar. 21
1944
rpnrpqpnt?
SO 000
nffprprl
ottered
are
Bank
of
National
of
Bank
Boston.
Net profit
Earnings :per
April 21, 1944.
Company ik' engaged primarily in thei manufacture and sale of various
types of capacitors, otherwise known as fixed electrical condensers.
The company at the present time sells its products to approximately
600 different accounts, in comparison with approximately 400 accounts
prior to the war.
At
the present time substantially
all the company's products are
for use of the Armed Forces.
For the most part its products are,
however,
sold
to
manufacturers
having
prime
contracts
or
subName
contracts
changed
for
Sprague
to
materials.
war
The
Electric
90%
of
war-time
these
orders
of
amount
•After
of
after
deducting
$220,752
$5.07
deducting State and Federal
$273,624 and
before
*$101,314
$11.04
post-war
a
dividend
and
income
profits taxes
excess
orders
unfilled
•
profits credit of $22,669, but
excess
mortgages
tion),
$47,008;
notes
for employees, $5,149;
prepaid and deferred
receivable
(employees),
Liabilities—Accounts
$4,807;
payable
fixed
assets
'
.
Authorized
sinking fund deb./ 1954_
stock
Common
~
$1,000,000
($2.50 pari
expenses,
total,
(trade),
$10,449;
after deprecia¬
accounts
and
new
banks,
notes
payable to
withheld, ' $5,149;;
$280,000;
employees' Federal income tax
employees' war bond account. $1,358; accrued expenses other than
Income taxes,
$19,502; provision for S. C. and Federal income and
excess profits
taxes to Nov. 30, 1944 (after deducting $301,500
less
Treasury tax
payable Dec.
capital stock
$287,503;
notes
1,
and
1944,
(20,000
accrued
$20,000;
shares
interest),
reserve
of
no
$76,133;
for
common
contingencies,
value),
par
stock
common
stock
common
(no par),
($2.50
notes
to
up
total, $1,107,543.—V. 157, p. 2354.
terminating
these
May
maximum
Dec.
31,
net proceeds
1945,
31,
Kellogg
&
Sons, Inc.
equipment
of
per
was
8,000 shares of
common
outstanding
amount
TaXes'
of
are
the
'
to
to be applied
manufacture
uroducts
for
civilian
Underwriters—The
F.
S.
N
to the
share, with
be
to
products
James
.
-
the Exchange.—V. 161, p. 1359.
L—_T
2"
•
recently
the
number
the
and
underwriters
of
'
goods
Provision
Selling,
—
general
for
&
Yaprs
and
trustee,
5,000
from
income
,,
of
March
the
issued the following state& Film Corp. would
21,
Aniline
General
shares of Winthrop Chemical
latter's stock,
v
•
Co.,
-
,
.
.
_
,
,
^
v. 159,
have been called for
100
Broadway,
at
pp.
Payment
exps.__
_
exp.
21,853
1,094,083
-
)
893,784
operations—_____
—
28,610
'
29 438
-
82,638
$2,911,340
128,131
$1,178,562
-
due
1945. at
1,
York
Trust
102
Co.,
plus interest accrued to May 1, 1945, may be
time upon presentation and surrender of the bonds.—
from
railway—
"Deficit.—V.
161,
146.053
15U98
753,102
58,718_
298,323
Net ry. oper. income—
4
J7n L
922i03()
;
1Q..
a4,L
™rJ^'
N^t
$722,562
40,859
Rapid Transit Ry.—Earnings—
rnllwav
ntlv
{Jjt from railway
G
—
71,791
from
Net ry. oper. income
7,354
1K.SK
2 828
May
New
payment
any
1Qde-
r,S
554,998.
,
W.m
•
on
The
be made at
New York, N. Y.
2679 and 2528.
Staten Island
$7,285,703
5,889,543
11,890.127
131,302
*
redemption
will
1942
1943
$20,585,422 $14,308,729
loss—_
accounts__
outstanding first mortgage 5% gold bonds, series A,
1957,
i(
interest.
Immediate
V
!—_—
Profit
50%
on
that
the 6,150 "B"
Springfield Gas & Electric Co.—Calls Bonds—
returns,
16,264,401
adminis.
doubtful
auction
All of the
obtained
Calendar
1944
inventory
Offers $9,500,000 for Winthrop
production, Winthrop has been awarded the Army-Navy E with two
june
1
—
for
SOld-i
for
7-ii
7m
See also General Aniline & Film Corp. above.—V. 161, p. 1249.
_
Statement
Experimental and development
Other
war
10.000
—
——
of
President,
Jr.,
announcement
pUbHC
10,000
discounts,
"<!i
.
its larger resources, in whatever amount necessary to finance a great y
expanded program of research.
At the same time, Winthrop would
continue to operate as a self-contained unit.
"As the owners of Winthrop s A shares, representing the other 50%
of its stock, Sterling has gtnded Winthrop in the addition of important
3o',ooo
I_
Co.—
less
Hill,
Up0n
at
15,000
etc.
Cost
sejj
20.000
•
sales
.
40 000
_
& Co
qqr
'
'
,
stars."
curtisIIIIZIIIIIIIIIIZIIII__II
& Co-—■
Mackubin, Legg
Gross
ment
Shares
&
Vs7
mi
executive and scientific personnel, expansion of research facilities and
program and manufacture of war-vital drugs.
For its contributions to
of
Peabody& Co
Reynolds
"
,
purchased by each of them follow:
\?ie«SpZ
3,682,637
3,664,771
~1249~
'
—
$508,686
$'5,422,767! $5,384,371
•
n
56,000
$528,727
j
1.*.!,"
J
56i528
75,000
1—
"Sterling Drug Inc. has agreed to offer $9,500,000 for said "B"
sh?(£fs*
'
H we should happen to be successful in acquiring these shares.
the Winthrop company would become a wholly-owned subsidiary of
Sterling, which could then effectively integrate, all the researcn activities carried on within the Sterling organization and make available
of
oCo
Kidder,
97 371
Chemical "B" Stock—
about
or
on
893 057
57>52
tax
—
'
usp
names
Webber, Jackson &
Gross
income
:—$3,039,472
deductions
tax
Normal
and
value
profits
Prov'
for
excess-profits
2,771
340,548
tax—
$763,421; -f
$1,250,353;
414,000
1,691,000
23.224
,-
97,000
—.
tax
post-war
P
;
34,167
surtax--——.! ;
taXadjustments
aajustments—
Crl69'000
'lOO 000
100,000
81,436
pp.
1Q._
L7
fioiSJ
11J.J67
71,708
1.969
64,555
181,027
"18,505
612.524
—
339,155
-
126,575
eil9J
«oqr
316 137
268,134
l
"32,375
147,304
'
*40 785
1629 and 608.
Net
Net
dividends ——
dividends
v
Cr39'936
"
■
—V. 161, p.
1360.
$872,305
Cr50'135 ;
^
$547,613
1945—Month—1944
$409,337"
-
$376,857"
:
-
1945—2 Mos
$788,121
>-1944
$719 573
'
'
$207,547
13,644
13.688
13,818
—47,583
31,723
31,722
—_
sales
_i.
Directorate Increased—
.
v.
.
,
.
At the. annual meeting ^ stockholders held
>
on
ditectors
La
J
.
March
19.
ber of directors was increased from seven to nine, and the
C. S.
income_-_^4.k__-_—
Preferred
Common
-Sterchi Bros. Stores, Inc.—February Sales—
Period End. February—
a
-501.348
399,356
'
at $33%
a commission of 60 cents.
The offering
withdrawn March 23 before the official
opening of
income
"Preliminarv—V~TfiT
redemption
shares
121
494—$5
92 756
Federal
inpnmp
f
402,293
303:219
Th7n^rncom7uxVs)—Z:----
(other
.
$5,490,643
941
in exchange
Moseley & Co
Excess
(no par)
interest
Income deductions
.
1843
,
_______^
$5 951
representing
outstanding 2,274
of
Co.
$5,573,133
377,420
companies;.
others
Gross income
.
the credit
Co.
interest:
Tjpgal service
*446,525 shs.
$1,500,000,
of
Electric
and
Gas
*1944
and
-
proViSi0n [0r
1946.
—
stock
Income—Standard
Total
developed by its research
staff and considered suitable for the
post-war market, and to carry
receivables, inventories and working balances in the manufacture of
Income
surplus
Special Offering—
Fahnestock & Co. and Trubee, Collins &
Co., made a
special offering on the New York Stock Exchange March
22
from
Total
preferred stock at
$110 per share plus accrued dividend, which will require $250,140, exclusive of any amount for accrued dividend.
Company contemplates
using the balance of the net proceeds for one or more of several purposes
including, particularly, the purchase and installation of new
Declared
Spencer
of
dividends
Sterling Drug Inc.
a
Co.
Power
affiliate
For comparative purposes, therefore,
above, reflect the elimination of the ac-
as
12V2 shares of
par)
in the ratio of
and
an
dividend
$100,000;
$200,000:
1943,
from associate
Miscellaneous
common.
Provision
$1,107,543.
$117,898;
for
from
Dividends
military
Outstanding
$1,000,000
500,000 shs.
is offering its
company
to holders of
Income
(net
figures
Dividends
,
_
and
the
Statement
hand
on
Louisville Gas and Electric
1944,
investments in Madison Light
latter company, ceased to be
its
of
result
a
Income
use,
Sheet, Nov, 30, 1944
Assets—Cash
in
banks, $223,251; accounts receivable (customers),
$172,600; U. S. savings bonds, defense series F & G, $250,263; inven¬
tories, $313,552; accrued interest, U. S. bonds, $1,250; post-war excess
profits tax credit
(including
bonds,
$15,789),
$79,214;
real
estate
3,682,637
3,664,771.
Calendar Years—
totaling $50,000.
Balance
$9,353,-277
$8,509,286
Co.—
' 56,000
$4,844,515 $5,670,640
"
3%%
1943
—
.
counts of Madison Light and Power Co. fAfter credits for debt retirement of $917,567 in 1944 and credits for debt retirement of $603,922
and post-war refund of $31,800 in 1943.
^Representing an amount
equivalent to a reduction in excess profits taxes of a subsidiary re¬
suiting from' a bad debt loss which was charged to surplus.
>
on
of both of theso
ultimate Government,
for
were
Co.
S'fXX;8
dates appioxi-
!.1D!C.o3! ns of Doc. 31, 1943. As
'94„4, na!^?,6,Joi4,40 in
of $10,584,976
Paine,
—
share
56,528
75,000
2
i
tin September
disposed
as
the
.'
1944
97,371
57,752
Standard Gas and Electric Co.
■
History and Business—Company was organized as Sprague Specialties
under the business corporation lav/ of Massachusetts on June 1,
1926.
(Dd}
and
Registrar:
Boston.
Co.
its
Weaving Co., Greenville, S. C.—Ann. Report
402-293
92,756
^—
1
charges of Standard Gas & Elec.
"Preliminary,
Further details
finanr-in/r
npw
Name—
Southern
$9,038,013
303,219
Consolidated net income—
-
Merchants
Agent:
National
Second
shares
Years Ended Nov. 30—
.
121
<4-*.
$9,861,963
298,787
-———
consolidated net income
Income
5U,UUU represents new nnancing. r urtner aexans
given pelow;
Transfer
$6,767,078 $79,846,188 $75,514,677
161, p. 1359.
212,361
941
Taxes.! (other .than income taxes)
Electric^ Co.—Stock OHered*— Mention was
Of March 26 Of the offering Of ld(),UUU
1944
1945
212,451
Provision for Federal Income ta*
($2.50 par) at $15.50 per share
by F. S. Moseley & Co. and associates. Of the shares
of
1942
1943
1944
from
companies
-
Purpose—Net proceeds to be received by the company upon its sale
of 50,000 shares of new common stock are estimated at $674,766.
Part
Ry.—Earnings—
February—
Gross
:
,
associate
from
Total —
—
Corporate, fiscal and adm. expenses
Lfegal service —-———-!__a
March 15, 1945, the company had outstanding $600,000
of 90-day unsecured
notes, issued to and held by banks pursuant
to revolving credit agreement which provides for the issuance of such
Vice-President, has been elected Executive Vice-President,
succeeding H. M. Lull, who retired on March 31.—V. 161, p. 1437.
436,734
$9,247,188
2.415,145
745,504
Note—As of
E. A. Craft,
€.155,214
220,432
Dividends
9,114,404
—V.
78,273,852
$rU39,l36,
shares of common stock
"The
from
$16,689,19(1
capital stocks held by public—__
8,021,557
Miscellaneous interest
Capitalization Giving Effect to Present Financing
oper.
778,045
«. ■
,. ■■■
1
Dividends from others——377,420-.
348,800
560,996
issue
in
715,297
L_
3,418.899
4,118,792
1,297,655
542,189
income
oper.
1942
.
Net
f
railway-,
r
Balance of income of subsidiary companies— $8,447,201
Other income of Standard Gas and Electric Co.:
'
from
Net
Net
291,111
on
588,206
'
910,950
:__
,
...
—1
181,220
818,148
805,499
rr_
Minority interest in undistributed net income—'
>
or
Co.—Earnings of Company Only—
Februaryr-
>4,714
•Deficit —V
wmwu.
v.
mutely
Southern Pacific
209,281
railway
from
70,743,697
138,000,000
Long-term debt
income™.
Gross from
Net
46,852,868
stock
stock, series "B"
preferred stock, series "C"__
%
5 V2
4,000,000
46,852,868
preferred
preferred
$1,719,431
oper.
Liabilities—
5%
$1,920,848
569,637
52,197
gtd. oblig.__
of assets...
miscellaneous
and
-
1943;!
1942
$1,616,510- $1,243,042
805,485
545,148
1944
(net)—
to res. for reval.
y
-
3,865,995
4,980,497
3,368,417
—
__
•
From Jan. 1—
8s expense
outstanding—,
now
7,315,598
—
w
.
railway—.
railway.——
Net from
Net ry.
4,161,756
>
3,385,735
cost
«
1945
from
Gross
-
Materials
c
.
February—
Assets—
Receivables
,,
•. 9,010,852
>1,497,739
(net)—__
Special amortiz. of debt disc, and expense.___
Appro,
34,474
73,680,
A
Appro, to reserve for payments on
144,564
>
——
income.—'
Interest on funded debt—8,879,973
Balance
n
8,258,107
367,000
:—'
—
—$31,117,660 $31,244,701
inet)—. J5r573,596
Dr634E,206
operating
Net
Dividends
.
-
/
r
"
—- ■
*
Gross income i-i—A--—$30,544,064 $30,610,495
4 245
v
39,477,949
Taxes (other than income & exc. prof, taxes)!Prov. for state & foreign income taxes
____
Prov. fcr Federal income taxes—____
Jprov. for Federal excess profits taxes
§Charge in lieu of income taxes.
•
deprec. & deple.
for retire.,
Other
Spokane Portland & Seattle Ry.—Earnings—
1943
1944
40,942,253
7.069,517
—V. 161, p. 1360.
Consolidated Balance Sheet, Dec. 81
purch.
gas
13,378,206
*
'
176,903
46,756
income.!-.
and
power
______
i
353,350
railway—„
railway
from
Net
(incl. electric
r
$l4
$158 986
v
income—
oper.
ly.
$171785
—
_
-—$117,056,5015113,583,275
-
reserves—
10,0
railway
—-
1
•
From Jan. 1—
Net income
....
tl943
$92,884,286 $89,439,096
—
amortiz. of leaseholds, etc.)
Appro,
•
•
.
Net from
"
V S' J
2,057,929
Electric
-
1945.
12,
.147.
p.
rrn^r?rnmTftnwftV
Oro.,8 from railway—-
$25,531,378 $23,480,221
5,273,452
5,763,779
5,577,089
4,375,000
5,772,000
5,150,344
8,667,000
3,883,500 -
5,120,125
surtax
stock
series
-
$32,999,365 $27,920,243
-
$3
conv.
Spokane International RR.—Earnings—
_
V
exchanged
*1944
^"
Electric
mher"mi7c^ran7ou7~se7vices"—"—2 218 617
Other miscellaneous services
2,218,517
and
to
not
stock
—V.
?
pref,
cum.
Pittsburgh Railways
Philadelphia Co.)
of
Maintenance
authorization by stockholders on April 12 of the new
preference stock, the
right to exchange their stock on or before
April 10, 1945, for cumulative preference stock, $2 dividend, series A,
of no par value, share for share, plus a $5 cash adjustment.
It is
intended that all shares of cumulative preference convertible $3 series
1942
1943
1944
k
the
of
subs
«qmnofi
Operation
Holders
railway
street
$92 RR4 <>«/?
Total
Exchange Offer, Etc.—
Income for Calendar Years
$2.08
v
Calendar Years—
Operating revenues
'
Statement of Consolidated
495,506
$1.92
Colorado Power Co. and
other
and
subs.
1945,
t
•n,
$1,266,463
495,606
1360.
including Southern
and
S>z,jz,z,jeu.
5,569,352
$1.43
$1,184,551
T__
Standard Gas & Electric Co. (& Subs.)-—Earnings—
/Not
t
the renegotiation proceedThe reserves
provided therefor in that year were $560,000 in excess of the amount ;
refunded and such amount has been credited to earned surplus.
The
f°r the yCar
AUB'
a"er Kne80tial'0"' WaS
Feb.
i
:
Renegotiation Completed
1948
quarter ended
the
2,774.047
*
—V. 161, p.
1944, and
tAfter deducting esti-
29.
1943
$4,040,510
Number of common shares
Earnings per share
$366,300 in
1945,
1943.
tSix months ended Feb.
provision for renegotiation.
During
1944
$5,212,459
—
income
on
Net profit
;
$1,608,713
$5.01
$1,238,422
$3.78
$1,412,816
$4.36
tax
-
2,745,500
500,000
ings for the fiscal year ended Aug. 31, 1943, were settled.
$9,575,095 $10,017,487 $12,533,342
239,938
293,953
293,953
4,783,570
4,783,324
4,783,579
$10,139,513
-
pfd. Stk.
orig.
5,585,907
5,102,344
5,776,474
5,722,000
3,883,500
5,279,320
4,365,000
8,667,000
5,125,616
surtax.,
tax-,-
profits
443,000
500,000
v
4,027,908
Profit after charges
•4,292,000
share.
com.
per
mated
$27,886,415 $25,399,461 $23,221,593
$32,686,729
deducts.
and
Normal tax
$5,827,713
973,500
$305,700 in
income-,.
on
$4,438,722
taxes
profits tax.
contingencies
profit
Earns,
oper.
Gross income bef. Fed.
'
$5,167,516
Squibb & Sons—Earnings—
6 Months Ended Dec. 31—
•
Net
Net
1942
!
6,140.212
6,446,438
6,442,976
6,587,940
—a—
1943
$6,605,253
taxes
income
Federal
misc.
and
before
but
>
tl944
chgs.
after
profit
JNet
(E. R.)
>
1945
6 Mos. End. Feb. 28—
—
local
State,
(& Subs.)—Earnings—
Splcer Manufacturing Corp.
for Calendar Years
(Company Only)
1944
revs.—— $64,020,200 $57,274,827 $53,258,168 $48,644,448
13,908,981
12,737,698
11,047,186
9,819,447
Operation
——
1,877,025
2,027,358
Maintenance *
2,169,716
3,642,500
8,026,334
8,591,224
Provision for deprec.—_
8,787,598
7,860,792
Total oper.
Monday, April 2, 1945
the
num.
following
were elected:
C. J. Alexander, O. C. Bowden, T. M.
Driskill
Rue, Mitchell Long, Chas.'E. Rutherford, Mrs. M. D. RutherZ
ford, Gilbert Sterchi and Matt G. Thomas.
At the annual meeting of the board of directors held on the same
date, the following officers were elected; Mitchell Long, Chairman
of the Board; O. C. Bowden, President; Mrs. M. D. Rutherford and
Rutherford,
E
Chas
THE
Number 4373
161
Volume
G.
Presidents;
Vice
La Rue,
S.
Vice President
Treasurer;
C. J. Alexander, Secretary and Assistant
Marshall, Assistant Secretary.—V. 161,, p. 921,
and
Treasurer;,
and
J.
S.
COMMERCIAL & FINANCIAL CHRONICLE
Liabilities—
,
Reserve
have
There
3Va %
of
will
Nassau
28
Capital
$166,579
$145,861
70,766
61,442
Net
ry.
income.—
'5,920
49,101
42,973
21,443
is
285,474
327,915
345,669
from
Net
ry.
*15,587
138,879
178,311
73,621
income™
*68,570
92,081
142,265
47,421
railway
oper.
"Deficit,—V.' 161.
Texas
Operating
expenses——
tax accruals—^—
Equip, rentals met Dr)
Ry.
150,084
403,882
18,104
5,834
30,318
Net
$654,266
$1,408,633
64,481
$563,321
61,137
133,462
Other income—--.
$624,458
$1,542,095
6,880
10,620
13,023
294,761
562,211
Net
—V.
$430,905
—'—
income
161,
$319,077
$966,861
Operating
—V.
1945—12 Mos. —1944
6,583,550
2,804,894
,231,191
65,798
798,246
Gross
1,200,000
,200,000
276
4,680
$376,343
$5,027,415
8,425
110,340
$384,768
192,630
$5,137,755
2,379,349
$219,748
—
>•
Manville-Jenckes
place
of
$2,751,702
$2,758,406
792,962
$192,138
period—
than
above.—V.
Corp.,
Co.
Completed—
161,
p.
1)38.
-
*100%
their face
of
that
stockholders
*
mentioned
on
is
special
held
to April 6.
McQuistion's
<■;' v.-V-'■
sales
'
the beginning of
*:>;•,%
%
1944
profit——.
'
rafter
Account
income
provision
sundry
lor
Net
$1,108,406
69,385
profit for year.
Depreciation charges against
preference
common
a
$460,428
1943,
was
stock
Assets—
V /
bank
and
U. S. Government
Customers
Other
tax
until
paid
in
Investments in
Sheet,
'
1944
_____
(including
its
subsidiaries
18,608
1,501,838
of market)
390,000
699,249
35,842
1,091,229
1966-71—see contra
issued
consolidated)-
16,914
(not
41,623
...
Deferred
—
*
—
charges and sundry assets——
Licenses, formulae, contract rights, etc.—
—
60,094
$1,232,550
____
doubtful ac¬
!>-■——,■»—,84,452
tax
' V■
•
CrlO.OOO
-W-rrr
,
Merchandise
$401,136
$408,214 "
—i——
14,839
_
share.
_________
3.6 119
203,276
' $1.55
—
"165,162
$1.52
part
Period End. Feb. 28—
Net
from
rev.
operations
:•
Equip,
number
u.'
f
,
director.
a
/
and
in
1944
banks-——
rwy.
from
$769,759
100,219
800,935
,'> -150,109
1,197 226
inventories
rless res.)
1,027,539
expenses—^.—______
5,248
700,445
437,621
693.727
-105,124
188 717
66,519
124,100
65,757
1
•
%
•:.
between
the
companies)
1945—2 Mos.—1944
; '
'
•
facil.
825,472
807,958
1,663,470
$2,425,918
$3,195,874
$5,270,123
1,045,117
913,921
2,213,376
and
invests,
;
1,703,8C1
$5,558,323
'
'
sources
Total
accounts
trans¬
from
other
,
$11,668,017 $12,914,581 $24,811,857 $23,642,021
8.416,627
8,910,749
17,878,264
16,379,032
portation operations
Inc.
f
1945—Month—1944
(net)---™-™
inc.
Net
1138.
(and Leased Lines)—Earnings—
income
■»
y
1,995,617
$3,471,035
$4,109,795
$7,483,499
Fixed
and
other
chgs._
1,129,818
1,174,165
2,267,415
2,349,172
Net
inc.
(all sources)
$2,341,217
$2,935,630
$5,216,084
$5,204,785
6,500,000
7,000,000
14,000,000
12,500,000
$7,553,957
and
inc.
Fed.
♦Includes
—V,
exc.
prof, taxes
161, p. 1360.
'
Union
V-
_
•.
'
'•
'
■
•■■■
■
' '
Y
;■ V;
;
'
\
c
Storage Co-., Pittsburgh, Pa.—Annual Reportincome Account lor
Year Ended Dec. 31,
L«)44.
$69,619
profit
for
and
State
(net)
Federal
income
taxes__
'
69,540
Balance,
surplus
$26,671
Balance
Assets—Plant
and
29,422
13,526
_r___rr
1943
$462,528
.____
a
year, payable quarterly.
They were
the funds for the repayment of the operr
by Union Electric to its subsidiary, Missis¬
$36,724,094 $38,183,034 $76,502,145 $78,416,445
25,056,077
25,268,453
51,690,288
52,774,4_4
________
Joint
and
rents
Dividends
—
$4,638,262
$4,095,207
Liabilities-
♦Fed.
payable
$5 State
Accrued
for
Common
Total
<5 excess profits
expenses
of war
!_
preferred stock ($100
stock ($2
par)
taxes—
contracts
_;
par)
—
—
surplus
—
*
939,920
,
Sheet, Dec.
equipment
(after
31, 1944
reserve
for
depreciation
of
$296,950), $558,738; prepaid insurance premiums, $1,753; investment,
$51,970; cash, $55,664; notes receivable, $1,775; collateral notes icceivable, $19,398; accounts receivable, $14,789; accrued receivables (n t
billed), $1,030; total. $705,116.
o
i
Liabilities—Capital
shares
(authorized
and
outstanding),
$350,000;
mortgage payable, $19^000; reserves for Pennsyl¬
$1,350; accounts payable, $4,368; accrued pay¬
roll, $1,217; accrued social security taxes, $926; accrued Pennsylvania
income tax, $2,675; accrued Federal income and surtax, $26,748; total,
$705,116.—V. 159, p. 587.
surplus.
$298,832;
627,775
10.000
15,000
"
350,342
2,063,634
61,378
255,000
508 190
349,184
1,880,538
$4,638,262
$4,095,207
70,940
—
surplus
$403,143
$450,235
—
income
renegotiation
cumulative
Earned
$5,605,709
total
1 >/2%
of
in
Rwy. oper. revs.____™
Rwy. oper. exps._______
Net
Balance Sheet of American Company, Dec. 31
Total
Accounts
1
.
the
vania capital stock tax,
Capital
.
rate
provide
indebtedness owed
refund of $78,500 in 1944 and $53,000 in 1943.
bldgs., machinery, equip., etc.
53,050
.
stock
common
—
1,342,872
Wisconsin income tax. refund receivable—J:
Investment in Trane Co. of Canada, Ltd.425,484
2,115,210
$7,886,153
10,000
15.000
—
______:________;
to
♦Taxes
96,414
65,000
182,000
478,000
82,500
————
tU. S. Treasury %% certificates of indebtedness
^Customers' notes and accounts receivable
96,405
.1
voted
outstanding promissory notes,
due March* 28,
until
issued Tast June 28 to 44 commercial banks, bear
the
(Excluding offsetting
$1,172,456
172,500
hand
on
2,728,210
„
of
sippi River Power Co.—V. 161, p.
for
——
dividends.
v
6%
and equipment (less
22
The notes,
at
account
80,611
the government determined that no exeessive profits existed for
year; accordingly, the provision of $10,000 was not required and
tReserve
1,500,000
*;
March
on
found the requirements of Section 6 (B) satisfied, the SFC
to the cohipany permission to extend the 'maturity g&tq'of
$9,000,000
1943
$1,196,739
260,567
held
directors of several other large corporations,
Rock Island & Pacific Ry., United. Cigar-Wheiaiv
City of New York Insurance Co.—V. 1,60, p. 1025.
Union Pacific RR.
707,200
Prepaid and deferred
915,348
_______
—
employees).___
excess
Land, buildings, machine^
Total
$831,027
_____________
meeting
the board of
Chicago,
Having
$1,379,255
—
Emergency war facilities——
—
Sundry investments and receivables™
1943
shares
has been elected
Co.,
on
interest
cancelled in 1944.
Land,
-
31
As At Dec.
■1"1:
hand
bds., 2 % %
___
1943.
annual
has granted
4,703,383
1,962,712
and surtax,.______
dividends
.
Cash
•
$0.86
$0.33
is
obligations—tax notes & bds.
(at not in
tu. S. Treasury
reserves)
;,
——
'■ ;
on
receivables
receivables
Inventories
1512,573
77,088
—__
their
Union Electric Co. of Missouri—Notes Extended—
General
received
1944)—_____
Assets—
221,426
410,062
_
______
is
Reserve
$536,562
228,702
operations—
share
Balance
in
*;
1,000,000
including
Note—Upon completion of war contract renegotiation proceedings for
that
218,016
deemed necessary by the management.
quarterly dividend of $102,515 declared in December, 1942,
profits
*
Cash
He
and
423,213
352,000
authorized
•.
'
stock
common
recorded
not
and
profits tax—-—————
renegotiation of war contracts-
♦After post-war
$1,177,791
281,087
tax and surtax—
for Federal income
at
shares which may be issued
by the company.
There,.ha* been ; q
series B preferred stock outstanding Tor many years.—V. 161, p. 1250.
$7,838,551
profit to earned surplus—^
Preferred
$1,093,515
1—__i———___—_____
"
~
[ "f
161, p. 1029/ '
amending of the certificate of incorporation to change the name
the company to Underwood Corp.
L. C. Stowell, Executive VicePresident, said:
"This change will avoid frequent confusion in tne
public use of our corporate name, and will mean the adoption- of a
corporate name which reflects more accurately the name by which
through usage the company is generally known.
In addition to re-electing directors the stockholders also voted to
amend the certificate of incorporation so as to eliminate therefro t
all
reference
to
series
B
preferred stock, and leave the presently
Company
—
dividend
$27,027
1943—
Common
$974,974
Elliott Fisher Co. below—V.
stockholders
pire Trust
$8,849,087
1044
1,100,030
charges _______a———'
tlnclude-
Vice-President
American
applicable tax credits:
9,733,195
Net
but
of
—1—1—
For
1,325,874
._—
appointed registrar
Unexcelled Mfg. Co., Inc.—New Director—
the year 1945,
subsidiary in
For.
y
t
elected
been
income tax-——-
Wisconsin,
'■'/
118,541
——;
been
Henry C. Brunie, President and Chairman of the Board of the Eiri-
the meeting
at
1S44
allowed
and
counts
10,546,936
;
excess
♦$345,360
1945 to May 9.
proxies
of
,;Totiil
,
—_
has
1138.
the
5,534 994
1,934,837
(incl.
Canadian
Discounts
.
'No
showing
a
-
profit
income*
from
.
_
York
p.
Underwood Elliott Fisher Co.—Votes Change in Name
The
1,406,948
$184,590
goods sold
Operating
Other
1,334,810
income
on
$50,538
Operating expenses
1943
•
161,
—Eliminates Series B Preferred Shares—
$1,459,866
of
Earnings; per common
per
made
has
—
Cost
———_■ $12,847,785 $11,941,631 V
on
1,370,920
Calendar Years—
Sales
$13,276,441
Cost of sales—
Dividends
$1,752,308
173,255
of New
_
Nicholl
H.
Income
1,529,610
—
Shipping, selling, gen. & administrative exps.__
Earnings
$1,186,330
unfilled business of the American
company amounted to approximately $4,000,000, and is represented by
orders with high priority ratings.
u—$14^377,395
—-
Freight, returns and allowances—___;
Dividend
$122,717
of stockholders and holders of adjustment
March 28 at the request of holders of more
stock, was adjourned for lack of a
;;,•>
v- ■
'
;.v
group
excess
■;
'
$1,727,781
24,528
to change the fiscal year to close Dec. 31 instead
normal income
♦Provision
29,267
advance the annual meeting date in
Provision
Other
$1,157,063
3,467
$118,925
on
Federal
Total
$119,250
4,116
Co.
Underwood Corp.—New Name Voted—
-
in the amount
.
stock.—V.
common
See Underwood
the outstanding
Federal
Other
$48,020 v
meeting
bonds
June 30 and
At
opinion of the directors that due to the increased
the necessity for more efficient facilities in the
plants and for general corporate purposes, the proceeds of
Net operating
1,488,411
Guaranty Trust
the
June 28.
business and
sales
$3,216,192
1,507,820
(The Trane Co., La Crosse, Wis.—Annual Report—
or
Insurance Co.
Co.
a
bearing
.
! '}■['yf'i'-:</Income Account, for.Calendar. Years yy';yy'•
Net
$2,664,883
176,922
$52,136
$2,000,000 will all be required in the operation of the business, for
modern equipment and warehouse facilities.
Gross
$296,172
He has resigned as director, regional
Department, Office of Defense Trans¬
portation, Washington, D. C.—V. 161, p. 1360.
additional working capital,
,
$232,486
for
9,568,403
___
given,
the above described loan from Mutual Life
of
10,898,797
; New Official—
It is the considered
volume of
Th
$12,784,594
(rail-
bus)
Thomas
note.
company's
pay
Tyson Bearing Corp.—Registrar Appointed—7
1945—8 Mos.—1944
Manager, effective April 2.
division, Highway Transport
about May 1, 1945, if the requisite consent of
there will be substituted for the pledge of the
U. S. Treasury bonds, a first mortgage lien upon all of the property
of the company (excepting the $1,500,000 Treasury bonds and certain
other, property specifically excepted from the lien thereof) and that a
bond (similar in all respects to the bond or bonds issued Dec. 1, 1944,
in the principal amount of $1,500,000 and identical with the abovementioned outstanding note except as to the security and interest rate)
In the principal amount of $500,000 bearing interest at 3 % % per an¬
num
and secured by the indenture will be substituted for the above-
;
Insurance
holds
to
proposal
$2,889,400 first mortgage on real estate of the;
interest at 5 7o and maturing on April 1, 1945.
The corporation proposes to renew the balance of $2,700,000 for. 10
years, beginning next April 1, with interest at 4%%
for-;riine yeara
and nine months, and 5 7c
thereafter.
Payments of interest, together
with $25,000 on account of principal,
would be made quarterly, be¬
ginning on next July 1.—V. 120, p. 1215.
$3,574,133
$1,520,680 $13,563,681
171,061
loss
one-fourth of
Mr.
per
per annum., -Both the bond and note were sold for
amount plus accrued interest.
The indenture con¬
-at the rate of 3%%
templates
Prudential
on March 19 by Ulec.tric
Inc., and Two Rector'Street Corp.',
off $189,400 of its debt to the
Ebasco Services,
latter's
the
Reduce Debt—"
filed with the SEC
was
Stores Corp. and the
U.
of
& Share Co.,
covering
1945—2 Mos.—1944
representing 85,000 of the 150,144 shares of stock outstanding
$4,440,000 of the $10,300,000 of mortgage bonds outstanding.
1,
$1,500,000
on
Street Corp.—To
joirit declaration
A
Bond
corporation,
1,224,508
income
stockholders' group,
of
indenture
(3%per annum after May 1, 1945), secured by an
Rector
Two
indi¬
follows:
1,350,781
income
$5.37
became
Corp.—Earnings—
$1,583,267
revs._
$6.00
National
date
NOTE—'For mechanical reasons it is not alu)ays
possible to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
i
I;V :The meetirig was called to. .vote on., an amendment to.the by-laws
submitted by YJctor McQuistlon, former Vice-President, in behalf of
S. Treasury 2%% bonds.
As of the same
date
the company sold to Mutual Life Insurance Co. of New York
:• its
15-year 3%% sinking fund note due Dec. 1, 1959, in the principal
V amount of $500,000, maturing on Dec. 1, 1959, and bearing interest
gage
these
1944,
as
$3,717,432
1945—Month—1944
income-
net
quorum
interest initially at the rate of 2%%
and bearing
1959,
1,
shares
$2,054,934
which
on
order.
$77,750, of which
stock and the bal¬
31,
1945—Month—1944
deductions
mortgage
$2,000,000 mortgage on the company's property.
:,v %>.
1, 1944, the company issued to Mutual Life Insurance Co.
York its bond in the principal amount of $1,500,000 maturing
Dec.
28,650
$12,400,000 $10,901,000
the
(& Subs.)—February Sales Lower—
—
gross
The
865,050
1944, made by the company to Mutual Life Insurance
of New York, such indenture constituting a purchase money mort¬
dated
Dec.
2,019,000
——.
900,00&>-
of
capital
of
23,800;000
$15,065,000 $14,353,000
1,765,000
l,433,o00
1,771,364 common shares
on
tTo
July 9,
1943,
wholly-owned.—V, 169, p. 1250.
Meeting Adjourned—
a
Dec.
annum
with
184,466
oper.
oper.
and
of Dec.
New
on
filed
♦Estimated.
1943
t
25il00,00Q
—
__—
Net profit
Earnings per share
♦Profit,
a
As
duly
profits taxes
excess
of
Thatcher Manufacturing Co.—Loan Approved—
The stockholders on March 1 approved the management s proposal
to
to
As
remaining
expenses—
net
Comb,
:-/
'
Textron, Inc.—Acquisition Nearly
See
the
Feb.—
non-oper.
Total
$5,046,568
2,294,866
—
1781.
p.
consideration
surplus.
revenue™
taxes
Total
67,637
193,741
income
160,
certificate
*1944
profit—$40,165,000 $38,153,000
profit applicable to minority interests
profit National Theatres Corp. and subs.
Provision for contingencies.
—
year
credited
was
$1,928,906
oper.
Total
$4, 978,931
7,310
;;;
applicable to pfd. stocks for the
—V.
End.
Total
$413,489
(net)
Neb income
Divs.
Balance
5,830
$406,179
revenues—
charges
by
net
tNet
161, p. 1029.
Total
770,485
100,000
359
income
the
total
a
capital
i
Total
,942,297
248,982
67,176
oper.
Interest
share
to
Third Avenue Transit
*
Net
for
per
limited-tenn
investments
Other
for
stockholders,
purchase
may
Total
100,000
approp.v
res.
of
$2,930
including National- Theartes
Net
and
manner
$10
$4,250
Total; oper.
483,354
526,252
283,800
—
taxes
ret.
the
Thermoid Go.
$1,274,753 $16,418,785 $15 ,128,734
$1,383,766
expenses
Prop.
this
or
Period
Earnings—
1945—Month—1944
taxes
Amort.
of
1944.
Corp.—Earnings—^
subsidiaries,
Provision for Fed. income &
York.
officers
in
Sales
$630,374
Light Co.
revenues
Operating
Other
Consolidated
shares.
par
31,
53 Weeks Ended Dec. 30—
(Railway and Bus Operations)
Period End. February—
Federal
no
Period End. Feb.—
Texas Power &
voting-controlled
Prudential
1029.
p.
earned
tPledged
surplus in 1944.
5,000
shares at $15 per share, on or before April 1, 1945; 12,250 shares at
$15 per share and 11,400 shares at $20 per share on or before Jan. 1,
1949.—V. 161, p. 774.
590,602
charges——
loss
a
of
New
or
viduals
15,779
280,962
deductions
Misc.
Fixed
ance
$1,236,755
—
income.—
Total
of
$73,500
$1,112,842
123,913
$718,747
income-
oper.
ry.
resolution
issued
320,928
Y 10,749
198,396
Jt. fac. rentals (net Dr )_
to
1943.
employees of the company hold option agree¬
ments dated March 22, 1944, under the terms of which and of a
sup¬
plemental agreement dated May 15, 1944, they may purchase a total
of 36,000 shares of common stock.
During 1944, 7,350 shares were
1945—Month—1944
1945—2 Mos.—1944
$6,508,204 $13,346,239 $13,020,935
7,487,265
7,306,037
3,717,039
3,532,997
4,089,151
4,197,369
2,071,926
1,957,501
_
transferred
in
remaining subsidiary, the Rexford Trucking Corp.,
trucking for others as well as for the company and its
show
Certain
$6,361,264
revenues—
$40,348
company's
engaged in
to
Earnings—
Pacific Ry. Co.—February
&
Period End. Feb. 28—
Operating
and
the ThatGHer
and
State
1138.
P.
bonds,
132,000
1944
Dec,
to
Corp. and Roxy Theatres, Inc.)
1944.
On March 6, 1944, 18,000 shares of unissued convertible
preference
stock were reclassified into 18,000 shares of common
stock, pursuant
240,024
railway—___
from
Net
in
made
Twentieth Century-Fox Film
([Represented by 154,186 no
"Represented by 18,091 preference shares and five com¬
ttSecured by U. S. Treasury bonds.
shares.
accounts
From Jan. 1—
Gross
$25,000
have been
the
company
$5,605,709.
Twelve-Twenty Realty Corp. was dissolved in December,
Distributors, Inc., was organized as a selling
agent and incorporated in April, 1944.
Its transactions were minor,
however, and it also was inactive at Dec. 31. 1944.
34,092
oper.
of
mortgage
shares.
1944,
$113,690
21,334
82,918
1,512,119
Note—The
The
$129,399
railway-——
from
1,596,173
Dr768,756
_____
——
_;—
.
reserves
secure
par
cost
__
apply $15,000 annually to the
cumulative preferred stock. All of these required
provisions of section 722 of the Internal Revenue Code,
has filed claims for partial relief from excess profits
taxes for the years 1940 to 1944, inclusive,
The amounts which may
be ultimately recovered on these claims are not presently determinable.
—V. 161, p. 316.
the
1,320,000
87,168
2,019,600
JDr768,756
—$7,886,153
—_____—
^Represented by
mon
1942
1943
1944.
1945
February—
from railway
Gross
Net
to
;_
_____
—
"After
:
1,320,000
HI,669,673
stock.
____
,
is obligated to
company
retirements
Under
/' 221,461
438,403
——_
—
___
discounts.
annual
...
260,626
tax-notes, including interest, $100,780
in 1943.
tAfter applicable tax credits.
tPar
§ After reserve for doubtful accounts, returns
$150,225
interest,
plus
retirement of its 6%
ttl,500,000
———_____
and
1944
Notes—The
'
500,000
repairs
at
in
(Including
Total
-Earnings—
Ry.
and
contingencies————
♦♦Treasury stock
meeting to be held on April 14, 1945,
will vote upon approving a proposal to change the par value of the
2,000,000 shares of common stock from no par to $1 par^value.
At present the stock is carried at a stated
value of $1 per,, share
on
the company's books so that there will be no necessity to adjust
the accounts.
The change in value will reduce substantially the amount
of
transfer taxes and also will result in a substantial reduction in
Texas franchise taxes.—V. 160, p. 2444.
1
Texas Mexican
for
surplus
surplus
Earned
Producing Co.—To Change Par—
Texas Gulf
102,514
523,843
102,515
352,000
—
SConvertible cumulative $3.60 preference
stock
The stockholders at the annual
,
value
note—
Common
of
office
York,
New
St.,
^Reserve
for
Nov.
due
the
at
211,466
taxes—
income
Reserve for furnace
redemption on May 1,. next, $400,000
1, 1956, at 102% and int. Payment
Dillon, Read1 & Co., paying agent,
N. Y.—V. 161, p. 247.
called
been
debentures
made
be
$365,569
254,706
—
Redemption—y
(Calif.)—Partial
$588,619
—*
payable——
Federal
15-year 3 % 7c
Superior Oil Co.
H—-
—
15-year mortgage bond' (int. 2 % % until May 1,
1945; 3%% thereafter)—see contra
above.-^-V. 161, p. 608.
Joy Mfg. Co.—See latter company
for
etc
♦After crediting U. S. Treasury
<-
•
,
,
_________
dividend
Preference
Co.—Control May Be Acquired by
Sullivan Machinery
-
-
payrolls,
taxes,
;
.
.
Accounts payable
Accrued
•,
1471
240,000
508,190
United Engineering1 &
Foundry Co.—Annual Report—
President, cn
'
facilities for
the
production of vital war products in which we are present) ■
engaged, it was found advisable to borrow. $1,000,000 against a re-,
volving bank credit of $5,000,000 currently available.
F,
On
Jr., Chairman,, and K. C. Gardner,
stated in part:
account of our temporarily financing many new
C.
March
Biggert,
15
,
Balance
1, 1945, the accounts receiv¬
drawings and goodwill of the AdamA wholly owned subsidiary is being
organized to hold title to these assets and engage in the same business
as
the Adamson company, one of the largest producers of machinery
for processing
rubber, plastics and plywood. - < •
* ,
;
The
Machine
acquired as of Jan.
has
company
plant,
inventories,
able,
son
patents,
Akron, Ohio,
Co..
V
Cross
for
and
Selling
loss
and
—
for
for
•Provision
Provision
Net
income
State
Federal
for
profits
contingencies—
war
per
•After
165,000
200,000
55,202
share
common
Assets—
Cash
; ....; ■ v
<
,
1944
■
...
States
Treasury
States
marketable
Other
♦Accounts
tax
receivable
tBilted
Accounts
{Investment
in
Patterns
of
excess
9,932,349
10,124,065
115,734
common
Accounts
5,275,961
5,771,417
1
_»■
1
415,817
i
_
payable
April
taxes and
double
the volume
i3 expected
reserves
of
to
year
a
be about
160, p. 2116.
and
local,
Accrued
and
Federal
taxes
4,851,045
Reserves
lowances
no
An
16.
extra
an
year-end
quarterly dividend
value,
par
of
extra
25
both
of
dividend
25
payable
cents
per
1944
and
during
each quarter
597,000
cents
of
Reserves
for
war
cumulative
Common
150,000
400,000
200,000 v
on
May
share
1
holders
to
paid
was
1943.—V.
161,
of
Feb.
stock
(par
788,600
788,600
4,103.730
Capital
surplus
Earned
surplus
stock
(par
4,103,730
;
,____
t_
-————————
for
reserve
doubtful
accounts
excess
to
prevailing foreign conditions)*
of
amounts
amortization
of
in
inventories.
$6,257,255
in
of
§ After
1944
$26,283,442 $29,269,425
in
each year.
for
$5,710,583
+Not '
of
reserve
reserves
and
large
more
size
of the
tubes
military type
1941."
their
and
schedules
new
were
listed
by
Smith
Mr.
as
truck,
is
An
of
173%
planned
at
in
in
and
bogie
both
Eau
operation
year,
tires,
Claire
August,
by
Detroit
and
all
facilities
production
at
scheduled
are
capacity
before
to
depreciation
in
of
end
"V/.,.
.
;]■■■
Output of Synthetic Ruober Latex Increasing—
and
1943.—V.
161,
Production
of
special
synthetic rubber latex now exceeds 1,500,000
the Government's latex producing plants,
month at one of
per
of
Co.
"Nearly 10,000,000 pounds were produced last year at the Naugatuck
plant and production by the end of this year is expected to reach
2,000,000 pounds per month, dry weight, of synthetic rt^ber latex,"
Exchange
v
andi after April 4,
1945, the holders of the preferred and common
the company may
exchange their stock for common stock or
scrip certificates of United Light & Railways Co. in accordance with
the plan providing for the
liquidation and dissolution of United Light &
-."v."-
department,
depositary.
Under
Wall
16
effected
by Bankers Trust Co., stock transfer
New York 15, N. Y., which will act as
Street,
•
the
plan
the outstanding shares of common stock of United
Light & Railways will be changed into 3.173,838 shares of new common
stock
dsuch
an
Power
Co.
The
stock
will
be
exchanged
the following basis:
on
holder of each
for Stock
of
United
Light
Delist
The
New
^ °f the>.common stock of United Light & Rail-
Stocks—
York
■'.'V
fv^
ff'
i?su0es are, ^changeable for the new common stock
,?. U? *?d Li?h* & Railways Co. under the plan for liquidation
fu!\ d/(ssa'uUon of United Light & Power. The Exchange has ruled
when
ls^ned contracts for the new common stock must be
settled on April
j
u
11.—V.
161.
Merchants
&
The New
by
the
of natural
York Stock
common
corporation,
total amount
Exchange has authorized
(par $lt,
effectuation
in
authorized to be listed
upon
of
a
the
official
stock
listing of 660 000
notice
of
split-up,
issuance
making
1,320,000 shares.—V, 161, p.
The
net
profit
for
$335,997
and
1944
for
after
was
$791,230.
depreciation
provision
for
Federal
compares with a net profit in
™
on
U. S.-
a
This
The
is
after
buildings,
income
charain?
machinery
taxes of
to*
and
month just before the
per
V.
over
»««•
oi $20,010
" 1943' c0mpare<1 wlth
1042
has
been
j
Share™th.™S!.d c°mmonthe
outstanding
on
Th«e taxes amounted
common
n<^°Unt rese™ed for Federal
$3,.>35,000, compared with
States
Trucking Corp.—New Director—
William G. Rabe, Vice-President of Manufacturers
York, has been elected a director.—V. 149, p. 591.
from
amounted to
capital
stock
to $107.63
income taxes for the
per
Net
profit
Co.,
per
160,
common
was
395:447
$4,297,295
$3,250,204
29,025
oper,
oper. -rev.
203,728
$1.02
$0.68
11,005
Profit for
profit
*4 326 23n
1"
ono
those
$791,230
dividends
dividends
~
105,000
war
contracts.
in
exceed
deduct.
848,694
1,175,063
revenues-
$345,559
$353,276
1,141
131
11,625
$353,408
$3,814,585
$5,614,528
179,396
162,285
1,993,583
$167,304
$191,123
$1,821,002
automobile
142,063
1,704,761
units,
155
$14,493,963
161,
due
Large
the
March
26.
Harvester
announced
Co.
on
International
and
each
deliveries
will
begin
orders
the
Warren
of
in
June.
company
monthly shipments continue
rails,
gun
sled-mounted
turrets
and
now
break all
to
LCM landing
portable gen¬
producing
now
tank
similar to
be X-ray
lines
unit
will
conveyor
other
war
ma¬
1251.
p.
(Mass.)—Annual Report—
Greenville
Mills,
Inc.,
wholly-owned
a
subsidiary).
'43
Oct. 28, '44 Oct. 30.
Net
sales
Net
profit after all
$6,183,068
•After
giving
$7,310,934
+248,336
•172,823
cbargce
effect
to
renegotiation.
{After
and renegotiation and $142,833
$459,000
Federal
for
for depreciation.
for the year
ending Oct. 30, 1943, have been settled at a net cost of $27,350 after
tax adjustments, which has been charged
to earned surplus.
It Is
expected that the net reduction of profits resulting from renegotiation
of war contract sales for the fiscal year 1944 will be less than in 1943,
and provision therefor has been made in the accompanying statements.
Dividends declared during the ypar ended Oct. 28* 1944, by Warwick
Mills paid in cash amounted to $60,935 on the participating preferred
Note—Government
stock, and $28,315
contracts
to
subject
renegotiation
the common stock.
on
Consolidated
Balance
::
v
,
Oct. 28,
Sheet,
;.
.
;
<
■
1944
4
'
7
Assets—Cash,
$366,777;
U.
S.
Government
securities,
at
cost,':"
$335,000; accounts receivable, $610,136; inventories, at the lower of cost
market, $1,139,433; investments, at cost, $4,605; plant, at cost less
allowance
for
depreciation), $1,915,972;
estimated
post¬
or
$1,869,065
refund:
war
of
profits
excess
visions
for
ducting
taxes
$90,828
insurance
tax,
"
total, $4,535,411.
Liabilities—Accounts
accrued
and
and
cost
interest
of
accrued
prepaid
war
liabilities, $300,519;
contract sales (after
of
U.
S.
applicable to Federal taxes on income),
payable in instalments due subsequent to ensuing
counts
and
deposits
;
and
renegotiation
payable
notes
pro¬
de¬
Treasury
tax
$511,625:
ac-
J.
$26,163;
year,
for contingencies and post-war
(no
(issued,
par)
rehabilitation, $450,855; capital
shares paiticoipatmg preferred and
12.315
shares
28,315
common), $1,415,750; capital surplus of Warwick Mills.
consolidated earned surplus, $1,894,177; deduct 5,791 par-
$250,000;
shares
preferred
in
treasury,
Dr$313,677;
cost,
at
•
total.
(& Subs.)—Earnings—
1945—Month—1944
revenues
___
Operating
expenses
—
51^,373
Federal
5,588,528
4,938,245
181,156
1,561,113
1,721,590
112,575
111,521
1,245,208
1,219,893
90,496
91,066
1,086,297
1,093,738
revs.———
$282,411
$274,028
$3,797,214
$3,818,343
(net)—
5,385
2,621
40,281
45,618
$287,796
$276,649
$3,837,495
$3,863,961
82,630
1,198,998
882,416
$194,019
$2,638,497
$2,681,545
622,518
622,518
_____
taxes
Property
484,270
182,469
taxes
Other
1945—12 Mos.—1944
$1,142,041 $13,278,360 $12,791,810
$1,187,324
_________
retirement re¬
appropriation—
oper.
income
Gross
10,691,003
13,135,986
Interest
$3,802,960
$5,601,676
$25,241
$49,060
$116,241
$698,460
income
Divs.
-V.
1361.
p.
94,674-,.
charges
reservations
income
net
of
300,000
—
$193,122
_—,
applic.
to preferred
stock for period
1251.
161, p.
6 Months Ended Jan. 31—
profit
Number
1945
capital
1944
1943
$371,616
$396,976
$344,894
400.000
400,000
400.000
$0.93
____.
of
$0.99
$0.86
shares
Earnings per share—..—
•After
Ry.—Earnings
1945
1944
1943
railway____
railway______
$106,759
$138,731
$120,241
35,594
28,300
13,423
inc0me___
13,102
13,933
11,528
•2,817
railway____
224.846
280,365
252,059
216,571
railway______
oper. income
51,063
70,903
63,535
48,211
30,199
28,602
29,822
charges and Federal taxes.—V.
161, p. 349.
4
$90,362
22,481
I
13,613
oper.
1942
'
From Jan. 1—
from
from
Net
ry.
161,
Western Air Lines, Inc.—Public Relations Dept.—
The
The
Ltd.—Rights to be Given Stockholders—
will in the near future
Stockholders
the
None of these shares will be offered for sale in the
of Ventures
number
157,
will
of Eureka
p.
be
advised by
shares
to
which
Toronto
Mines
Finance
they will be entitled to
824.
and
employee
company on March 23 filed a registration statement with
SEC for $33,000,000 first and
refunding mortgage bonds Series E
March 1, 1975.
In an amendment filed March 26
company
to
tbe
filed by amendment.
creation
of
a
new
Auto
is
responsible
Costs
and
for
handling the airline's
161, p. 1139.
•
news
relations program.—V.
Supply Co.—Income Account—
'
1944
1943
1942
$47,153,215 $46,205,563 $56,180,668
sales
Net
Total
J
45,462,199
43,215,914
51,948,940
profit
$1,691,016
$2,989,650
$4,231,728
income..—
404.680
313,604
1,097,388
$3,303,254
$6,329,116
219,252
1,085,061
'
1,184,614
1,418,354
"1J
expenses—
operating
other
Total
——
$2,095,696
income
Income
normal
excess
offered
to
$59,000,000.
"
The
interest
the
due
increased
rate
will
be
220,289
deductions
Federal
State
Virginia Electric & Power Co.—Registers With SEC—
amount
the
for
approximately eight shares of capital stock
Corporation, Ltd., for each 10 shares of Ventures stock held,
at $1.25 per share.
United States.
announced
18
Years Ended Dec. 31—
Net
be given
March
on
department
new
services
Western
subscribe
to
corporation
public relations department and the appointment of George P. Saund¬
ers of Washington
and San Francisco as public relations director.
1030.
p.
stockholders of this corporation
the right
the
Receives
—
Yeats Ended—.
$18,737,662
~~
105,000
$47,-
1945,
Waukesha Motor Co.—Earnings—
____________
subscribe.—V.
$811,209
that
mm.
Warwick Mills
1,704,761
i
from
from
of
that
unfilled
and
for
constructed
assembly
said
that
$20,000,000
(Including
•Net
The
1,
$2,403,221
142,063
deduct.
applicable to
pfd. stks for period—
Net ry.
listing of
Feb.
X
Chairman,
Frazer,
fabricated
specially
on
revealed
terials.—V.
Dividends
Gross
the
dated
Co.
'
previous records. .:
/v:
" v'.;;"-1;'■ '•
The heavy industry Warren plant is
craft, hulls for amphibian "Alligators",
3,211,307
income
161,
authorized
Series B,
12,852
$346,700
(net)
income
Utah
W.
be
to
Mr. Frazer
also
Other
$1,528,339
income
Ltd.
$791.198
277,914
,
Before renegotiation of
used
inspected.
He
Joseph
hulls
produced
Balance
-V.
has
bonds,
1030.
1945—12 Mos.- -1944
The
Common
2,985,411
1,642,032
order for Army tank hulls totaling approximately $13,000,000
received by this company,
a
subsidiary of Graham-Paige
Federal
"JISS
7~
contracts——II—HI
m 9«i
be
Net
(& Subs.)- -Earnings—
1945—Month—1944
$1,194,253
income
Gross
Exchange
p.
Manufacturing
City
steel
The
Miscel.
Other
Stock
mortgage 3 V* %
Corp.,
serve
revenues-
Net oper.
of Eureka
year before Federal
taxes—
Reserve for Federal income
lax....
Preferred
1,200,324
Operating
1943
$3,489,524
share
Utah Power & Light Co.
Total
—V.
** 33M9?
been
will
2655.
p.
<u
machinery" an"d7quipmmt
war
3,087,711
1,713,587
Washington Water Power Co.
288,545
Ventures
—
Renegotiaticnof
6,028,250
1,508,636
$4,965,722
New
$3,937,509
Earnings
—V.
Trust
1944
sales
Net
Net
1944
1943.
year
OtelnS oPeratton.—
Net
6,066,728
1,564,246
$7,288,424
$4,535,411.—V. 133, p. 2117.
(& Subs.)—Earnings—
Calendar Years-
Gross
year
new
Motors
Account. Years Ended Dec, 31
operations
Deprec. of buildings,
5,785,576
Army Tank Hull Order—...
ft
Profit
9,885,385
Period End. Jan. 31—
Universal Laboratories, Inc.
Net
stock.
$2,450,000 for the
Income
14,431,390
first
ticipating
United
February—
aa <"«4aaa ot
tttSShTSSftf 142 84 P" Pl'd durlt«illoutstanding
Hpe"''
the rear 1944
hiih n™»;™U
share on the
snare
619,604
15,397,799
York
New
stock
Robinson Jr., a trustee of Massachusetts Investors' Trust,
elected a director.—V. 161, p. 1138.
Balance
1944 wiI1 be sub->ect to
adjustrenegotiation of price on war contracts completed in
Renegotiation of Federal war contracts for year 1943 re-
1943
846,590
15,423,026
income—
oper.
1,
reserve
Dwight P.
$3 535 000
1943 of $811,209.
prot!t <°r that
232%
761,795
1971.—V. 161,
o
^
Enif
858,902
000,000
nation-wide pre-war consumption
Smelting, Refining & Mining Ce.- -New Director
Net
mSet£erefE!S rJJA'SH?6 f°f
th!i
with
161, p. 708.
Total
operations
1942
3,204,162
Feb.
the
1030.
United States Envelope
Co.—Annual Report—
eouipment
1943
$7,711,570
3,155.306
railway
railway
from
Net
savings
.
Manufacturers, Inc.—Listing of
stock
1944
$7,759,370
expenses, $163,488;
'
rubber latex of 6,000,000 pounds
war."—V.
Total
Common Stock—
of
.
stated,
Period End. Feb. 28-
United
shares
1138.
p.
Coe
v.'.
"This production compares
Curb
Exchange has announced that the company's
$6 cumulative first
preferred, class A and class B common stocks would
be stricken
from unlisted
trading privileges at the close of trading
rr
Mr.
Elected—
share of preferred stock of United
Light & Power
a
To
'
&
iT'u* I1 be entitled to receive five shares of common stock of United
Light & Railways, and the holder of each share of class A and
class B
common stork
of United Light & Power Co. will be entitled to receive
ways
v
,
—
from
be
(due
$303,742
Holding After April 4—
be
:
income—
income taxes
and
by United States Rubber Co. at
Naugatuck, Conn., according to J. P, Coe, General Manager of the
company's synthetic rubber division.
This liquid form of synthetic rubber replaces natural rubber latex
where It was used in the manufacture of most synthetic rubber tires,
and in fabric and paper impregnation.
; *
exchange will
Gross
In
operated for Rubber Reserve Company
The
"
Los
increase of 219%
pounds
Power
*
'*
1945
/
oper.
erating
.
plane
United Light & Power Co.—Stockholders to
On
ry.
A
1.405,355
248.
Atocks
Net
has
7,552,926
$20,000
{After
75%
and
•
increase
At
•After
of $43,092 for Federal
balance of $4,788 paid in cash by
a
2446.
railway——
railway
Warren
1,405,355
-<
——
in
from
708.
p.
8,235,844
$100)—
$5).—.:
———
leaving
p.
renegotiation proceedings for
the
Government
of
$47,881,
credit
a
1,
on
military tire output, the largest percentage
gain at any of the four plants, is scheduled at Eau Claire, Wis.
In units Detroit will continue to be the company's largest producing
tire. plant.
Included in its military tire production will be truck,
contingencies———
preferred
from
Gross
Net
50 cents
share
per
military type tires, including plane and
Angeles, where capacity production is ex¬
pected to be reached in April,
The
company's Fisk plant
at Chicopee Falls, Mass.,
expects
to
produce 153% more truck tires. Capacity output is set for June.
597,000
150,000
contingencies—
tires
plants
An
98,612
———
for
in
The
follows:
7,590,323
78,942
royalties, and expense—
for machinery, roll, and
castings al¬
Reserves
than
707,082
size
2,562,083
920,380
allowances—
commissions,
State,
received
Listing of First Mortgage 3V4% Bonds—
help meet the increased demand for vitally needed military
tires,
this company this year will more than double its
pre-war
capacity to produce large size tires of the military type, Herbert
E. Smith, President, announced on March 22.
"A
program to increase
military production facilities of all our
tire plants is well under
way," Mr. Smith said. "When it is com¬
pleted this year we will be able to produce more than twice as many
$3,513,714
1,182,442
vacation
160,
of
by
recovery
taxes paid,
company,—V.
Net ry.
To
large
2,570,103
contracts
on
Accrued
p.
about
are
tary Type Tires by Over 100%—
1
$1,000,000
rolls
profits
in
company
.
From Jan. 1—
United States Rubber Co.—To Increase Output of Mili¬
,
billings
tax
Total
usual
stock,
last, and in
783,697
816,176
(net*
payable
Accrued
income after
net
share and the
record
$26,283,442 $29,269,425
Advance
the
,
Wabash RR.—Earnings—
—
1
Total
7%
•
998,362
tax
drawings
charges
Liabilities—
resulted
which
February—
11,743,641
-
and
Deferred
the
of
names
..
voted.
was
directors have declared
The
Cr5,069,403 Cr6,449,375
current-
profits
the
NOTE-—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
j.-'::':1 '
company
current quarter
the
62,281
foreign company.
refund
assets
fJotes
share
a
the
per
10,154,838
not
and
Renegotiation—
completion
reports
company
which
excess
the
stock
common
~
Post-war
?Fixed
$5,312,759
1,505,120
——
contracts——
receivable, trade,
1943
29,029
__
uncompleted
on
The
1943,
against
U. S. Industrial Chemicals, Inc.—Extra Dividend—
—
—
—
(current)
Inventories
sale
due 1974.—V. 161, p. 1361.
Vulcan Detinnlng Co.—1943
said
the
that
27
the
$120,000, or 50 cents per common share, he said.—V.
1,000,000
securities.
securities
in
and
ago,
President,
Bruce,
March
on
cents
75
Sales
1943.
'
.
$3,030,395
notes——.
Government
of
$3.29
$2.80
1944 and $510,000 in
competitive
amendment.
Dec. 31
———————————J——————————i——a.—-
United
United
1,641.492
._
$229,700 in
Balance Sheet,
Monday, April 2, 1945
■
at the annual meeting of stock¬
intends this year to declare
semi-annually "as a more advisable
procedure" than the present annual payments.
He indicated that the
directors might vote a payment of 40 or 50 cents a share around the
middle of the year.
In December, 1944, an annual common dividend
C.
on
dividends
55,202
1,641,492
by
at-
1971, and $23,000,000
Series D 3s.
reserve
Semi-Annual Dividend Basis—
a
on
Albert
holders
$2,754,517
$2,350,351
-
sold
'
-
The proceeds, together with other funds of the company, will be used
to redeem $37,500,000 first and refunding mortgage bonds, series B, 3(/2s,
due Sept, l. 1968; $3,000,000 of Series C 3Vis, due
wages
$20,337;
taxes,
be
filed
underwriters
States Hoffman Machinery Corp.—Stock to be
United
Placed
4,590,000
200,000
—
postwar refund of
,v
1,500,000
2,067,300
—
dividends
dividends
Earnings
—_
accrued
and
miscellaneous
for
will
*
order.
$9,269,516
225,000
tax,—-
—
tax
excess
profit
Preferred
Common
173,906
$6,285,651
1,503,000
tax
income
Federal
for
$9,091,762
177,754
,
„_
Provision
39,727
$6,111,745
Sheet, Dec, 31, 1944
payable, $1,004,118; pro¬
for employees' war
bond
deductions,
$33,756;
reserve
for Federal income taxes (after
U. S.
Treasury savings notes of $3,375,977), $295,833;
reserve
for
inventory and other war-time adjustments, $1,000,000; reserve for
post-war excess profits tax
refund, $597,188; preferred stock (par
$100), $3,970,200; common stock (par $100), $2,625,000; earned surplus,
$2,042,310; capital surplus, $5,264; total, $11,594,007.—V. 160, p. 1234.
1,242,994
675,000
42,349
—
'
Provision
„
685,465
i,—,,
plan,,—
—
income
Total
1,427,970
Liabilities—Accounts
vision
298,264
expenses,.
retirement
deductions
income
Balance
Other
208,781
taxes——-———-i.
employees'
Miscellaneous
fixed assets
capital stock
on
State
administrative
for
Provision
and
Federal
franchise
and
1944
1943
;
$9,031,579 $11,922,780
555,269
; 575,033
operations——.—————
amortization,
Provision
^
••
X
from
profit
Deprec.,
Years
for Calendar
Income Account
bonds
The
Assets—Cash on hand and oil deposit, $1,068,666; accounts and notes
receivable,
$2,034,532; inventories, $3,816,991;
investments, $10,679;
property, plant and equipment (after reserves for depreciation of
$6,483,351), $3,752,376; patents and trade-marks (after reserve for
depreciation of $91,084), $40,277; deferred assets (after reserve for
contingencies of $30,964), $44,890; deferred charges, $222,408; U. S.
Treasury excess profits tax refund bonds, $105,197; post-war excess
profits tax refund, $491,991; goodwill, $1; total, $11,594,007.
.
:
& FINANCIAL CHRONICLE
THE COMMERCIAL
1472
income
and
721,204
surtax
profits
.
tax
t
*414,000
25,833
22,656
Crl36,162
$1,302,731
$2,012,893
$2,372,502
J
751.368
1,127.052
t
$1.73
(est.)
Crl74,461
751.368
taxes
Recoverable Fed. taxes on inc.
$2.68
$3.16
39,199
i
O
Net
income
Dividends
Earnings
-
__^
per
share
•After estimated post-war
refund of $46,000.
»
161' •Numbet' 4373
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
-
Comparative Balance
Sheet,
Dec.
1944
Cash
1943
$8,838,342
8,314,000
—
...
securities
—
receivable (net)————
S. Treasury
U,
$7,950,878
9,500,000
831,206
10,009,049
1,149,237
Inventories
-ix—
(net)_:
assets
Deierred
-
_———
—
—-
charges
Other assets
--I'
•"111:..;,,.
A. G. Becker &
Lazard
payable
*
Payrolls accrued
Accrued taxes, other than taxes
Accounts
————
income,—
200,281
income-,-
$2,032,408
$2,494,896
30,127
769,353
——,—1
—
on
67,812
241,590
62,021
1,267,646
65,000
liabilities—
————8,140
sinking fund debentures,—
5,725,000
Common stock (par $10
7,513,680
Paid-in surplus
972,000
Earned surplus
—12,795,070
4,221
6,000,000
7,513,680
972,000
12,243,708
& State taxes on
Accrued Federal
accrued
———.
Kebbon,
Co.,
H.
Brown
M.
&
Inc.
,
Freres
&
accrued
15-year 3 V* %
•
A. E.
Masten
Merrill
& Co.;
____
Total
Co.———
&
Beane
Co—
500,000
Eastman,
Dillon & Co.,
300,000
Securities
Drexel
Merle-Smith—
&
Corp.
and
doubtful accounts of $116,809 in 1944
tAfter allowing for reserve for depreciation of
1943.
$146,368 in
for
reserve
$530,105 in 1944 and $594,453 in
Operating
revenues
•Operating
expenses
Sachs
1,167,000
Cr68,497
Dr 15,133
Crl31,258
Dr29,732
Cr93,157
I)r29,590
ry.
income,
$590,558
$783,908
27,881
25,653
$1,176,382
59,486
$1,535,858
58,579
$618,439
$809,561
$1,235,868
$1,594,437
W.
264,109
539,652
533,152
Other income
Fixed
charges
income
Net
•Incl.
;4
$348,462
of
amortiz.
fense
—V.
269,977
$696,216
Stern
Brothers
&
85,295
\
Whiting, Weeks &
Net
Weld
500,000
The
150,000
Dean Witter &
Illinois
Company,,
Income
Consolidated
1942
1943
$2,836,933
$2,204,664
990,414
sales
Wisconsin
Statement
545,177
240,234
490,891
338,242
6,922,196
5,735,511
for
2,243,862
2,034,383
1,083,392
income—
1,136,893
794,562
1,005,815
Co._,___
300,000
Calendar
from
from
Net
ry.
—
income,__
Dividends, Etc.—:
directors
The
payable May
record
May
declared
have
stock and
common
1944
1942.
15,
1,
'V
;
four
of
four dividends of $1.25 each on
Aug.
Aug.
15,
1,
cents
75
each
on
the preferred
the-
stock,
15 and Feb. 15 (19461, to holders of
and Feb. 1 (1946), respectively.
These
Nov.
Nov.
1
5,272,490
7,135,924
Net
9,361
6,561,369
22,547
20,287
Net
9,890,121
8,058,808
Gross
—V.
income
Other
1,014,359
948,709
11,696,700
955,271
10,904,480
9,007,517
12,651,971
profit
—
income
Total
Other
interest
on
the 4'/2%
1,689,043
1945
■
-
from
'
1944
1943
1942
$1,952,187
$2,054,547
2,380,000
3,112,000
12,648
1,539,000
11,287
Crl27,000
profits taxes—
•Federal excess profits tax———.
Net
953,731
733,425
850,491
Other
Cr460,000
taxes
income
Reduction
inc.
profits
excess
for
Frovision
recoverable
and
in
&
ry.
income—
294,757
Net
251,395
273,909
from
profit
4,413,828
railway
1,813,722
income—
3,807,515
3,124,599
1,339,758
1,801,126
976,417
492,973
'
4,219,683
559,860
447,336
578,139
Wheeling Steel Corp.
—
Bonds Offered
—
A banking
group headed by Kuhn, Loeb & Co. on Mar. 27 offered
issue of
a
17,620
Co.; Hornblower & Weeks; Kidder, Peabody & Co.; F. S.
Moseley & Co.; Paine, Webber, Jackson & Curtis; Stone
& Webster and
Purpose—Net
of
(after
the
sales
income
—
—
dividends
dividends
4,384,789
1,815,830
4,441,964
1,815,830
•
854,338
4,339,246
bank
(approximately
loans
($5,000,000)
$24,077,500),
and
such
together
additional
1,815,830
854,338
854,242
———
1942,
credits:
$308,000;
:
=
1943,
f:;
and
31,
Balance., Sheet, pec.
1944
U. S. Gov¬
deposits in banks, $3,919,010;
demand
securities, at cost, $14,138,846; notes and accounts receivable
for doubtful notes and accounts, $288,289), $8,269,607;
$9,910,905.
055;
(trade), $4,105,118;
payable
Liabilities—Accounts
lections
accrued liabilities,
lor
reserves
v
,
«>
•
N-
'v,
Worthlngton
StOCk
$5 cumul. conv, prior pfd. stk. (363,166
$36,316,600; common stock (569,559 shs. no par),
$28,477,950;
capital surplus,
$595,930; earned surplus, $26,210,093;
total, $135,884,300.—V. 161, p. 1251.
repairs and renewals, $318,599;
no
4
demand
$9,918,905,
due to a director and to a stockholder, $24,600; other
$688,338; funded and long-term debt, $31,200,000;
accidents
and
contingencies,
$2,102,183;
reserves for
liabilities,
shares
on
payable, bank, Regulation V loan, $2,000,600; ac¬
payable, $270 361; subcontractors' contract termination claims,
employees' payroll deductions for purchase of war savings
bonds, $26,037; accrued salaries and wages, $125,909; accrued Interest
payable, bank, $5,753; accrued taxes, $124,576; provision for Federal
income taxes, $3,500,535; provision for renegotiation refunds, $837,517;
reserve
for
contingencies, $250,000; capital stock
(par value $1),
$190,000; paid-in surplus, $105,000; earned surplus, $2,471,660; total,
long-term debt payable within one year, $1,200,000; col¬
employees lor War Bond purchases (per contra), $364,-
amounts
\
.
•
$11,556;
from
current
and
% After provision fo*
;
•
1944
counts
$135,884,300.
$4,280,834;
hand
30,
Liabilities—Notes
$641,136;
par),
v
Pump
Machinery
Corp.—To
Reduce
;
The stockholders at the annual meeting on April 24 will be asked to
the certificate of incorporation to eliminate from the authorized
capitalization all reierence to the 54,000 class A preferred and 92,000
class B preferred, none of which is outstanding.—V. 161, p. 349.
amend
with
NOTE—For
amount
possible
order.
mechanical
reasons
it
is
to arrange
companies in exact
However, they are always as near
position
as
always
not
Yazo<^ & Missislppi yalley
alphabetical
possible.
;
Gross
■*'
Net
RR.—Earnings—
1943
1942
railway——
$2,209,477
$3,580,472
$2,761,141
$2,229,865
railway
:
oper. income—
444,006
135,422
1,783,498
976,968
1,103,470
670,776
411,069
881,382
4,915,445
1,310,794
463,964
,6,169,191
2,559,374
6,095,939
2,403,717
1,126,313
4,275,871
1,914,419
1,445.966
February—
alphabetical
which the corporation intends to call for redemption on
permissable date after the, issue and delivery of the
B,
;
deposits, $1,536,977; U. S. Gov¬
ernment
obligations, at cost plus accrued interest, $4,497,260; war
savings bonds held as issuing agency, $27,375; notes and accounts
receivable, $698,222; contract termination claims, $153,464; inventories
(at not in excess of the lower of average cost or market), $1,388,038;
notes receivable due after one year, $11,500; cash surrender value of
life insurance, $22,846; accounts receivable (employees), $5,870; prop¬
erty,
plant and equipment
(after depreciation
and
amortization),
$1,230,582; patents, less allowance for amortization, $11,226; deferred
charges, $45,083; post-war refund of excess profits tax, $290,460; total,
$32,304,814; notes and accounts receivable
(other than
special deposits for purchase of War Bonds for
employees, $364,055; investments, $3,118,084; iixed assets
(after re¬
serves
for
depreciation, depletion and amortization of $71,565,812),
$70,256,780; deferred charges, $2,170,218; other assets, $701,750; total,
C
bonds.
and
Delaware.
v
Business—The
Corporation
is
.■
■
from
1945
from
Net ry.
From Jan.
-
pig iron and various steel products, and in selling
products directly or through its subsidiaries. The products manu¬
by the corporation include steel ingots, slabs, billets, sheet
bars, plates, hot and cold rolled sheets and strip, galvanized sheets,
galvanized roofing, tin plate, terne plate, tin mill black plate, coated
and lithographed tin
plate and black plate, bonderized black plate,
steel pipe (butt and lap welded), railroad tie plates and track spikes,
wire rods, plain, barbed, and galvanized wire, bale ties, wire nails,
cut nails, welded wire fabric, wire fencing, galvanized range
boilers,
steel tanks and drums, metal roofings and accessories, building mate¬
A.
Bussmann
G.
has been
Gross
1944
Co.-~New Vice-President—
Net
ry.
the company is planning
his new position Mr.
greatly expanded post-war sales
activities.
factured
charge of all sales and merchandising
and the company's subsidiaries.
operations of Wickwire Spencer
rial
including expanded steel products, galvanized metalware, stove
pipe and elbows, steel shipping containers, steel ceilings and culverts,
and
other
products normally produced in peacetime.
In addition,
corporation is now, and has been during the war years, manufac¬
turing
a
indirectly
large number of fabricated items
required directly
or
by the Armed Forces of the United States or for LendLea.se purposes, including bombs, bomb fins and crates,
landing mats,
"blitz" cans, and other products.
Corporation also sells some coal,
coke, and coke by-products.
Currently
Mr,
p.
In
previously
Bussmann
31, 1944
(Without giving effect to the issuance and sale of the series C bonds)
Authorized
mtge. bonds
3J/2%
1%%
1966—, $30,000,000
($1,200,annually) in 1945 and 1946
$5 cumul. conv. prior pfd. stk. (no par)
stock
the
(no par),
outstanding serial notes
were
363,166 shs.
1,100,000 shs.
363,166 shs.
569,559 shs.
to be redeemed upon
Proposed Bank Loans—Under date of March 7,
from
five
agreed to lend
to
1945, the corporation
banking institutions pursuant to which the
the corporation an aggregate of $5,000,000
follows:
Bankers Trust Co., New York—,—,,
.—
Bank of the Manhattan Co.; New York
_—r
:
Central Hanover Bank & Trust Co., New York—
Chemical
■
.■...
.y/
'
;
devices for
electronic
the SEC covering
in
engaged
currently
corporation,
the war,
has filed
a
manufacturing
radio
and
registration statement with
198,800 shares ($1 par) common stock, which is to be
of underwriters headed by Kobbe, Gerhart & Co.,
and Car, Chapin <te Co., Detroit.
sold through a group
Inc.,
York,
New
Of
the
which
total offering,
Bank &
Trust
Co., New York
Irving Trust Co., New York,
161, p. 1031.
will
P.
head the
1361.
March
stock
to
put
F.
Wilson,
President,
at
the
annual
held
of
company
*
/
has called for redemption on May 1, next, $10,500,000
Bankers Trust Co.,
161,
p.
16 Wall St., New York, TXT. YV
these bonds is In anticipation of sinking fund
due on each Nov. 1 from 1948 through 1954.
trustee,
redemption of
becoming
1139.
on
said that one of the main reasons why issuance of common
dividends has not been resumed Is that the company prefers
20
its
capital
The company,
structure
he reported, has received tenders for about
C.
half of the
and is calling the balance.
He said that sales for the company are down a modest amount for
the first quarter of the liscal year.
The fiscal year that ended last
preferred stock it is retiring
Oct. 31 saw sales at a
Yukon Consolidated Gold Corp.,
in better balance.
record high.
Preferred Shares—
of 1944,.
of
maintaining
the
liquid
position
at
a
safe
level
will
be
Resumption of dividend payments depends entirely on the
the scale of operations can be increased,,
"The outlook for 1945 is for an operation on about the same scale
adhered to!'
at
1,000,000
Co., 140 Broadway, New York, N. Y., or at
The First National Bank of
Chicago, 38 South Dearborn St., Chicago, 111.—V. 161, p. 1361.
which
addition
The
in part:
"Dredges Nos. 3, 4 and 7 were operated during the season
producing $619,813. These dredges were operating in low-grade ground.
"The company's financial position has been maintained.
A further
sinking fund payment has been made on the debentures, leaving only
the final Instalment of $180,500 to be palu in September, 1945.
The
policy
Calls 23,500
Ltd.—Operations, Etc.
McLeod, Secretary, on March 13 said,
E.
1,000,000
1,000,000
:
Nov."!,
date
1,000,000
1
outstanding fii'st mortgage sinking fund 3*/4% bonds, series B,
1960, at 104 and interest.
Payment will be made at the
its
due
corporation has called for redemption on May 31, next, 23,500
shares of its outstanding $6 cumulative preferred stock at $100 per
share and dividends.
Payment will be made at the Guaranty Trust
$1,000,000
the new bonds about April 18.—V. 161,
YoungstoWn Sheet & Tube Co.—Bonds Called—
The
—V.
meeting
to offer
group
.
instalments
Inc.—Sales Decline—
.
The interest rate and offering price are to be determined
and Stone & Webster and Blodget, Inc.,
Union Securities Corp.
The
Wilson & Co.,
-
maturity in 1960, supplemented by an earnings sinking fund commencIng in 1950.
later.
150,000 shares are being sold by the company,
working capital; 18,800 are being
Treasurer, and the
when certain stock
exercised by underwriters.—V. 155, p. 1848.
\
The corporation, one of the leading refrigeration and air conditioning
companies, on March 28 filed with the SEC a registration statement
covering $4,400,000 of new first mortgage bonds.
The proceeds of ,the
new bonds, together with cash from the company's general funds, will
be used to retire $4,450,000 outstanding 4.V*% bonds.
The new bonds
will have a fixed sinking fund calculated to retire 61% prior to their
plans to add the proceeds to
by Chester M. Wilcox, President, director and
remaining 30,000 shares will be reserved and issued
purchase warrants are
972,253
York Corp.—Files for New Bond Issue—
161,
sec—
•$30,000,000
paid on or before March 19,
and all the outstanding series B bonds are
issue and sale of the series C bonds.
lenders
President.—V.
..
—V.
oper.
complete
Outstanding
"2,400,000
1945,
accepted offers
the
have
Wilcox-Gay Corp. of Charlotte, Mich.—Registers With
Edward
GOO
•All
to
will
(issuable in series)— $75,000,000
series B, due March 1,
serial notes, maturing
Common
Assistant
>
sold
Funded Debt and Capitalization, Dec.
was
Bussmann
1361.
The
railway.—
railway——
income—
from
Net
its
1—
from
elected Vice-President in charge of sales.
Wickwire Spencer Steel
Corporation was incorp. June 21, 1920,
engaged primarily in the business of
manufacturing
as
charges and taxes
share.
per
Assets—Cash
reserve
trade),
be
History
in
the
after
1943
1944
$14,843,660 $11,542,788
*508,353
467,516
' $2.67
$2.46
— _____
earliest
series
1st
1031.
.
Blodget, Inc., and Union Securities Corp.
proceeds
the
112,165
3,293,664
700,212
274,781
530,449
233,036
income-————
oper.
161, p.
•After deducting post-war refund of $330,740.
renegotiation of $700,000.
■' / .'J
•
'
inventories,
required from the general funds of the corporation, will
be used to pay the principal and the premium on redemption of all
the $30,000,000 outstanding first mortgage sinking fund 3 Vz % bonds,
series
ry.
Earnings
763,8U0
—
Consolidated
$24,000,000 1st mortgage sinking fund 3*4%
bonds, series C at 103 and interest.
Other members of
the offering group include Lee Higginson Corp.; Harriman Ripley & Co., Inc.; Blyth & Co., Inc.; The First Bos¬
ton Corp.; Goldman, Sachs & Co.; Lazard Freres &
Co.,
Mellon Securities Corp.; Smith, Barney & Co.; Drexel&
121,989
3,052,629
railway.
railway-————.
Net
amts.
taxes—
post-war
ernment
161, p. 1031.
may
296,978
from
Net
2,774,200
■
contingencies
Assets—Cash
railway,,,.
oper.
proceeds
1944
$1,582,287
246,578
Woodward Governor Co.—Annual Reports
211,954
oper.
From Jan. 1—
as
1945
$1,473,146
Balance Sheet, Sept.
445,362
Net
from
\ ■'
Ry.- -Earnings—
Years Ended Sept. 39—
$1,481,572
ry.
■
1,542,387
and debt retirement
$171,000, and 1944, $244,000.
$2,224,596
new
Central
railway———
railway.——
ry. oper. income
from
normal income & declared val.
excess
•After
railway
from railway,,,—
Net
-
from
Net
11,109,584
2,195,000
taxes
7,809,533
2,750,000
—
income
1,197,984
9,215,437
;.
—
before
Preierred
February
■,
—;
charges
Common
—V.
■.
mortgage
Net
-
From Jan. 1—
Gross
of
Wheeling & Lake Erie Ry.—Earnings—
Gross
—_-
from
5,970,171
Fed.
dividends
1139.
Gross
$5,017,000
-
———
Wisconsin
6,900,637
registered income bonds.
Payment will be made
May 1 by the Chase National Bank of the City of New York.—V. 161,
p.
$5,108,000
i——
February—*
94,863,389
6,144,300
Profit
first payments by the new company.
The directors also ordered payment of a year's
general
11,000
1,492,000
552,000
2,635,000
1,492,000
583,000
L-x.
Winthrop Chemical Co.—Class B Common Stock to be
depl. & amortiz.
the
are
$296,000
117,000
2,635,000
j
—
so.
p.
Net
railway
oper.
Initial
■
$312,000
;
—
544,233
railway
railway
oper.
Net
$5,017,000
Sold at Auction—Offer Made by Sterling Drug, Inc.—See
that company and General Aniline & Film
Corp. above.
Years
1943
6,000
$5,108,000
_____
i6i,
250,000
200,000
& adm. exps
Prov. for doubtful notes & accts—
4,435,084
railway—
9,392,538
3,912,365
—v.
Co—:—
6,000
surplus
Total
From Jan. 1—
Gross
25,000
—
—
Earned
»
112,199,977 100,746,637
gen.
deprec.,
29,000
180,000
1,273,000
taxes
1
amortization
(par $10)—
surplus
150,000
" 400,000
Gross
for
31,000
33,000
income
1942
180,000
1,259,000
on
payable and accruals
Capital
135,144,446 121,359,532-118,988,790
operations
&
Govt,
2,000
130,000
6,000
11,000
equipment (net)
Capital stock
$
571,008
from
536,000
1,383,000
Liabilities-
500,000
Corp.,
Co
Stubbs
sales, less discounts, etc
of
-
—
Provision for Federal income taxes
400,000
Co.—
&
&
300,000
Sell.,
$2,755,105
447,648
from
ry.
Securities
Walker
H.
& Weeks—
Prov.
Co.—Earnings-
1945
$4,571,386
1,882,336
February—
from
Union
G.
E. Hutton & Co.—,
Cost
Net
&
Spencer
100,000
200,000
Co., Inc.,,,,
Trask & Co-
100,000
Hilliard
—
—
Accounts
&
Son
Gross
Western Pacific RR.
Co.,,.
500,000
170,590
;*•
due
and
Total
Webster and
1944
85,243
161, p. 1031.
Gross
Stroud
900,000
de¬
of,,
projects
&
150,000
Blodget, Inc.
White,
B.
advances.—
and
323,000
531,000
1,341,000
70,000
130,000
reserve—
charges
400,000
400,000
$1,061,285
170,486
$545,452
Plant
less
& Co.—
Noyes & Co._
The
Refund
Patents,
Stone
Hornblower
income—
Gross
150,000
150,000
Deferred
300,000
200,000
J.
$1,124,000
212,000
-
employees' notes and accounts—
Post-war refund of excess profits taxes—
;
200,000
Harris, Hall & Co., Inc.
Hayden, Miller & Co.__
J.
Aug. 31, '44
$1,304,000
—
Officers* and
350,000
& Co.,
Stone
164,000
$0.51
—
750,000
300,000
Hemphill,
—,
oper.
receivable, less
Sundry investments
Mortgage note
Shields & Co
250,000
Co.
—'
Inc.
Hayden,
Net
notes
Singer, Deane & Scribner
Smith, Barney & Co
Stein Bros. & Boyce
750,000
&
164,000
$0.50
——
Inventories
200,000
Co.,
Co.—
&
& Co.,
Harriman Ripley
1,365,000
Equipments rents
—
Jt. facility rents (net),
Co.,—,
Rothschild &
Parsons & Co.
Graham,
$2,639,291
760,000
&
F.
Schwabacher
MacGregor
Goldman,
$2,439,856
Taxes
L.
$134,000
—
and
and
100,000
100,000
Curtis
98,000
$133,000
Feb. 28, '45
hand
on
100,000
&
$1,354,139
597,000
Cr43,297
Dr16,528
$1,297,194
revenue
oper.
Riter
Inc.
Hallgarten
Net
100,000
Corp.
500,000
Ca__
115,000
-----
100,000
Glover
1945—2 Mos.—1944
$6,347,155
$6,394,487
3,907,299
3,755,196
1945—Month—1944
$3,238,868
$3,247,899
1,941,674
1,893,760
Boston
Cleveland
Corp.
Western-Maryland Ry.—February EarningsPeriod End. February—
First
First
(est.).
demahd deposits
U. S. Treasury certificates and tax notes—
Paine, Webber, Jackson
&
taxes
Assets—
Cash
500,000
Northwest
750,000
—
Fields/Richards & Co.,
The
The
1943.-—V. 161, p. 776.
Co—
&
Pacific
93,000
-
income
Accounts
250,000
300,000
.—
Estabrook
deducting
*
•
$325,000
Comparative Balance Sheet
150,000
200,000
Co.
23,000
$318,000
'
i
Earning per common share
Maynard H. Murch &
&
$302,000
27,000
—
400,000
Moore, Leonard & Lynch
F. S. Moseley & Co—
$291,000
—■—
70,000
income
Dividends paid in cash__
750,000
1944
$3,223,000
2,921,000
—_^
deductions
Net
200,000
Men-ill, Turben & Co.—
100,000
150,000
$30,570,568 $30,408,064
—
•After
Other
150,000
300,000
Dick
Income
Provision for Federal income
Corp.,
Lynch, Pierce,
Fenner
300,000
1945
$2,844,000
2,553,000
—
—
sold and expenses
150,000
Mellon Securities
200,000
Co.,
Clark, Dodge & Co
Curtiss, House & Co.,,,
Co.—Earnings—
;
profit from operations-—
Total
&
co.
Equitable
Sundry
Net
Other
400,000
750,000
100,000
Co.—
Laurence M. Marks
McDonald &
^
Republic
500,000
Mackubin, Legg & Co
Co.,
Inc.
sales
Cost.of goods
$200,000
Peabody & Co.,
Co.
<Ss
200,000
_
Central
1
150,000
Sons
&
&
Ladenburg, Thalmann
750,000
,
Byllesby
McCormick
-
250,000
William Blair & Co.,
Alex.
Co.
400,000
Blyth & Co., Inc
Liabilities—
Interest
&
Wilson Jones
$ Months Ended February—
Net
Kidder,
Co., Inc.
Inc
underwriters, 'and the
has agreed to pur¬
which'each
Kuhn, Loeb & Co
$2,500,000
Higginson Corp.— 1,050,000
A. C. Allyn & Co., Inc., *300,000
Bacon, Whipple & Co
150,000
Baker, Watts & Co
150,000
$30,570,568 $30,408,064
-
principal
bonds
Lee
Blair
Total
C
213,681
395,896
-
the
of
names
principal amount of series
chase, are as follows:
754,012
972,180
10,393,296
931,895
724,959
accounts
•Notes and
tFixed
Underwriters—The
31
Assets—
1473
as
that
available
of
as
1944.
Three
dredges
will probably be operated, and in
ground preparation department as
155, p. 195.
much work done in the
labor
will
permit."—V.
,
THE COMMERCIAL & FINANCIAL
1474
CHRONICLE
Monday, April 2, 1945
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
Storm
ers
Dermott
Sch.
(P. O. Der•
Dist.
mott), Ark.
Bond Issuance Authorized—The
approved an application
lor
permission to issue $86,000
2%% refunding bonds.
have
Leachville Sch. Dist. (P. O.
Leach-
ville), Ark.
V.
Bond Issuance Authorized—The
of Education is said
State Board
approved an application
permission to issue $18,000
2%^% refunding bonds.
have
to
lor
Sch. Dist. (P. O.
Tuckerman), Ark.
Bond Issuance Authorized—An
Tuctierman
application for permission to issue
$27,000 27/«% refunding bonds is
said to. have b^en anproved by the
iState
Bpard of Education#
Clinton),
Vati Buren County (P. O.
1
r
?•
<$500 bonds issued in 1940. Hold¬
ers of the bonds who wish to sell
are asked to file sealed bids with
the County Clerk before noon of
April 25. No offer to accept re¬
demption of said bonds for more
than par, with accumulated in¬
terest to date, will be accepted.
The three $500 bonds will be re¬
deemed from the
said
fering
money.
one
of¬
ones
or
least
for, the
bonds
'
.
Watson Sch. Dist. (P. O. Watson),
Ark.
Bond
Issuance
Bond
March
Witter
Dean
$33,691-3%
refunding
at
by
?
price of 109.42.
a
Berkeley School
District (P. O. Oakland), Cal.
Election Proposed
issue of $1,000,000 post-war
An
—
$75O,O"90
tion*
the
held
—
An
of
issue
bpnds will be submitted to
voters
on
at
election
an
to
be
May 8.
Gasoline
Taxes
Higher
Net
—
gasoline taxes received from July
1, 1944 to Feb, 28, 1945, by the
Stateuof California totaled $29,539,806, up from the $29,407,774
jeported for the same 1943-44
period, Harry B. Riley, state con¬
troller disclosed.
XJnemployemnt insurance taxes
decreased
to
$120,335,652 from
$126,388,227; retail sales and use
■■testes' rose to $108,375,028 from
$101,493,108; and bank and cor¬
poration franchise
and income
taxes fell to $29,131,398 from $35,551,484 in the /1944-45 period as
compared with that of the preced¬
ing year.
.
Total current assets of the gen¬
on Feb. 28
were $97,-
eral'fund
967,647,
as
adopted a local retail
sales tax of 1%, the Municipal Fi¬
has
Association
Officers
nance
re¬
In 1944, Philadelphia re¬
ceived $22,315,000 from its 1% lo¬
ports.
cal income tax.
Diego
Chula
County
San
(P.
Diego), Calif.
Vista
O.
,
Other Bids—The $200,000 school
bonds sold to Jfthn Nuveen St
Co.,
Thomas Kemp &
Co., of Los Angeles, jointly, as
IV2S, a price of 100.17, at a basis
of about 1.48%, as reported in v.
161, p. 1034, were also bid for as
follows:
Price Bid
Int. Rate
Bidders—
National
First
Trust
y
and Savings Bank
Diego—
f/o
$15,000..—_—
$50.000—
Bank
1
lVz'/o
of
America
tional
Trust
&
*/4
100.01
Na¬
Election
—
An
1%%
——
100.94
100.70
for $200,000
San
102.12
■
2%
—
101.81
Mateo, Cal.
be
held on April 3, to vote the
following
bonds
amounting
to
$820,000:
$250,000 street and highway imstruction bonds.
45,000
street
bridge
con¬
68,000 municipal building bonds.
70,000 police department build¬
ing bonds.
22,000 municipal storage build¬
ing bonds.
340,000 public park system bonds.
25,000 war
memorial
building
site purchase bonds.
CONNECTICUT
Sale—The
bonds offered for sale
March
27
v. 161, p. 1252
purchased by Cooley & Co.,
Hartford, as J)0s, at a price of
100.14, a basis of about .884%.
—
will be placed on the ballot at the
primary election on April 3.
Dated
Details
—
The
various issues of bonds aggregat¬
ing $15,754,000 to be submitted to
the voters at the election
on
May
8i are for the following purposes:
April 1, 1945. Denomination
$1,000.
The bonds are due on
April 1, from 1946 to 1965 in¬
clusive.
Second
highest bidder
Harris Trust & Savings Bank,
Chicago, and Chas. W. Scranton &
was
Co., jointly, at
as
Is.
lows:
a
price of
Other bidders
were
100.77,
as
fol¬
May 1, 1960.
on
offer of
was an
for 1.70s, tendered jointly by
sonville.
Miami Beach,
Bond
Fla.>
:
Ben
Shepard,
has ' announced
Election
on
the
these two is¬
cease
to
.
an
—
Crummer Co., of Orlando, at
price of 101.00, a basis of about
2.95%. Interest A-O. Due April 1,
follows:
$6,000 in 1967, and
$72,000 in 1974. Bonds maturing
in 1974 are optional and subject
as
call in inverse numerical order
on
interest paying date as fol¬
Nos. 464 to 488, ag¬
any
lows:
Bonds
gregating $25,000, on or prior to
Oct. 1, 1948, at 101.50 and inter¬
est; on or after April 1, 1949, at
par and interest. Bonds Nos. 439
to 463, aggregating $25,000, on or
prior to Oct. 1, 1953, at 101.50 and
interest; on or after April 1, 1954,
at par and interest. Bonds Nos. 428
to 438, aggregating $11,000, on or
prior to Oct. 1, 1958, at 101.50 and
interest; on or after April 1, 1959,
at par and interest. Bonds Nos. 403
to 413, aggregating $11,000 on any
interest date prior to maturity, at
101.50 and
A
Attorney,
election
will
signed
by B.
filed
F. Floyd,
District
the
in
for the Southern
States, in and
of Flo¬
District
Tampa Division, a petition
for the approval and confirmation
of a plan of composition of its
debts under the Municipal Bank¬
ruptcy Act. A hearing on the pe¬
tition will be held on June 4, 1945,
rida,
at
11
o'clock
Court
a.m.
time
the
Federal
in the
Fla.,
Tampa,
Room,
court
will
at
hear
and consider the
petition and the
town's plan of composition of its
debts, together with any and all
answers or objections filed by the
creditors.
Answers or objections
required to be filed
are
on or
fore 10 days prior to June 4,
be¬
1945.
On
or before May 23, creditors
required to file with the clerk
court
sworn
proofs of
claims setting forth their claims
are
of
the
interests
forms
town
as
creditors
These
to be
which
are
against
to be made
furnished by
have
been
the
approved
held
be
on
Myers, Fla.
Agent —The
series
appointed paying agent for
A
and
B
3%
refunding
bonds of 1944.
bonds.
.
300,000 parking
bonds.
At the
Hillsborough^ County (P. O.
Tampa), Fla.
annual
1945
SB A
refunding,
offered
special session
a
legislature, either in August
or earlier, to consider a proposal,
providing for
the
issuance of
$100,000,000 debentures to finance
a
post-war institutional building'
and
the
time the $2,650,000
be
revenue
submitted
cer¬
the
to
voters.
along
the
ville
State
the
Port
Commission
the
of
the
at
Rivers
bonds
Authority,-
several
hospital
new
during
administration.
These
being retired through
the rental of dormitory rooms to
pay patients.
'
the
has
an¬
nounced its intention to appeal to
the State Supreme Court, the re¬
cent lower court ruling that the
proposed issue of $1,000,000 bonds
failed
of
approval at the Nov.
1944, general election,
of
397
p.
1252.
spoiled
are
colleges under the Tit¬
plan' and the Govern¬
ment will fill them with returned
RFC
soldiers,"
the
Governor" said.
"Then"when the buildings are
paid
for they will belong to the'
%
State."
IDAHO
Idaho
'
Bill
St.
Fla.
Petersburg,
quested to give special legislation
part
City to issue sewer
system revenue certificates. The
proposed legislation would con¬
clause
'
and
follows from
as
"Statesman", of
the
to
Idaho
Boise
state
voters.
in
;
building
to
in
the'
housing state
and
businesses, members
legislature were advised
Saturday.
■
Conservancy Dist.,
the
A
for
Series
sale
on
building now 'occupied the
round by public assistance,
fish
and
Fla.
Refinancing—At
annual
cent
it
owners
of
meeting
was
the
disclosed
re¬
land¬
that
the
refinancing of the present bonded
of $481,500, from a 4% to a
3V2% basis, will be completed in
>
adjacent,
available
used
be
to
offices
4:
are
capitol
still
are
of
Florida
-
State
news" re¬
a
March
Only two sites that
would have to be approved by the
South
.
for
Bonds
port which appeared in the Boise
enable the
referendum
(State of).
Proposes
Property Purchase—We quote in
;
Special Legislation Requested—
The next legislature will be re¬
a
State
tle
the basis
161,
on
build dormitories at all
can
ballots—v.
>
tain
Hospital
•
Beach, Fla.
To Appeal Bond Issue Ruling—
to
lines
erection
the
plan would be
of the Milledge-
issued debt certificates for
"We
of Palm
Port
The
W.-.r.'.'.'.'V,'
.v:v,-\
The; proposed
buildings
,
purchase
tificates will
acquisition
area
and
game
offices is situated
other
on
state,
of these
one
sites, 122 by 100 feet, at the corner
of Sixth and
Bannock
streets.
debt
the
future.
near
The
next
bond
principal maturity, for $6,500, is
due on July 1, 1947, the district
having repaid this year a total
$45,500 of bonds, according to
report.
Interest payments on in¬
of
have
debtedness
promptly
account
was
sition
been
met
sinking fund
$14,735, it
the
and
now
said.
contains
A plan of debt compo¬
for
the
district
was
firmed by the United States
trict Court in May, 1942.
One
Fla.
Offered
Public
Offering of
site, 150. by 122 feet, at the
of Sixth
The
;
interest
unlimited
-
are
ad
payable :from
valorem
authorize
issue
and
for
purchase
told
the
over
the
the
house
fund
entire
would*
bond
which would bear 3%
issue *
interest and
would be payable after two years.
Gas
Tax
Increased—A
creasing the State's
from
been
in¬
5 to 6 cents a gallon has
signed by Governor Charles
C.
Gossett
on
March 19.
will
bill
gasoline tax!
be
in
and
became
The
effect
1
effective
cent
increase,
for
only two
and the estimated additional)
years
annual revenue of between
$600,$800,000 will be placed in
special fund for use in matching
Federal road improvement
grants
000 and
a
in the post-war period.
taxes
all- taxable
properties
city, the tax levy being
devoted entirely to debt service.
at
of
insurance
ILLINOIS
against
mature
con-,
$125,000 bond
of the sites
members
state
withih the
bonds
a
remodeling of the building
occupied by state offices.
'r
now
the
Baker & Co.,
Brothers, St.
Petersburg, Fla., and Fox, Reusch
&
Co., Cincinnati, Ohio. s The
bonds are priced at 103%% and
bonds,
legislature has under
would
nai)
-
are
corner
streets.
sideration house bill No. 170 which
$500,000 3%
and
and Jefferson
During discussion of this bill
Saturday, Rep. Vetter (D-Koote-
group composed of
New York, Baynard
interest
residences
the other available
on
Dis¬
refunding bonds,1 due from July
1, 1947 through July 1, 1979, was
made on March 26 by a banking
accrued
older
con¬
Investment
for
Bonds
of Boise's
is situated
take
Vera Beach,
of $20,000 in 1971;
Sale—The $105,000 semi¬
bonds
that he will call
of the
which
.
'
,
same
plant
gas
The
Bond
^
.
1,000,000 park impjrovement
The
Manufac¬
turers Trust Co. of New York has
been
Awaits Legislative Session—Gov-1
errior Ellis Arnall has announced
L construction
bonds.
income taxes.
Fort
'I-
GEORGIA h;'zy$. :
^
^
a
exempt from all present Federal
by the court.
Paying
,
year
Mayor, advises creditors that the
has
.
,
Georgia (State of) " '
•
$100,000,000 Financing Bill
;
taxes."
i t
o s p
interest.
Davenport, Fla. •
of Refunding Hearing—
notice
■;:
•
Governor
the
a
•
*
improvement program. "With
bill enacted into law," thesaid, "we .could con¬
April 24, to submit to the voters
struct
new
buildings at every
a-,total of $2,450,000 bonds, asinstitution
in
Georgia without
follows:
-vyV'.
costing the people a dollar in new$500,000 auditorium
construction
City
that
run.
agent is F. M. Blount,
follows:
as
and thereafter at 100.
1,
the Clyde C. Pierce Corp., and the
Florida National Bank of Jack¬
161, p. 1252—were awarded to
were
$10,000,000
sewage
treatment
plant bonds, not exceeding 2y2%,
Election
The fiscal
on
cou¬
of
Bond
interest
bonds shall
the town.
$150,000
May
bonds.
and
Bloomfxeld, Conn.
town
Due
650,000 h
which
and
struction bonds.
on
Oakland, Calif.
1945.:
Dated
1.695%.
National
Court of the United
2%
Bond Election—An election will
pon
of
about
City Bank, of New York City,
prior to June 1, 1945, after which
to
optional call dates
on
(from July 1, 1947 through 1952 at
&
Instruction
surrender
•
Co., of Chicago,, 102%; July 1, 1952 through July 1,
at
Co., of New 1960
101%,
July
1, ' 1960
through July 1, 1968 at 100y>%,
Ingen
Second best bid
high
school
bonds, dated June 1,1925 apd Feb.
1, 1926, are advised that bonds and
coupons of these issues which ma¬
tured on or before Dec. 1, 1944
and Feb. 2, 1945, will be paid on
the basis of par and accrued inter¬
est on the principal of the bonds,
and
par
for the coupons upon
town
for $200,000Hannaford
& .Talbot,
Bond
issue
100.769
Bond Call—Holders of Board of
Public
Notice
1%%
000
161, p. 1362—were
syndicate composed
a
,
par
'
Blyth & Co., for $200,-
the
Los Angeles, Cal.
1.10
Van
J.
of
Securities
Fla.
Sav¬
Francisco, for $200,-
the
catastrophe reserve fund.
100.039
B.
Plans
against $121,420,684. In
000,000
appropriated
from
general fund is set aside in
100.125
Bay County (P. O. Panama City),
Association, San
ing
27—v.
York, Leedy, Wheeler & Co., of
Orlando, the Trust Company of
Georgia, and the Robinson-Hum¬
phrey Co., both of Atlanta, as
1.70s, at a price of 100.069, a basis
FLORIDA
to
School District
Union
addition to the latest figure, $25,-
Bond
Sales Tax Adopted—This
Local
city
Security-First National
Bank,
Los Angeles,
/
100.52
l.io
Corp., N. Y., jointly—
v.
000
California (State of)
;i 100.17
semi-annual sewage American National Bank Build¬
disposal
plant
bonds—v.
161, ing, Pensacola, Fla.
p. 1362—were taken under advise¬
Dade City, Fla.
ment for one week.
Dated May 1,
Bond Sale—The $78,000 3% re¬
1945.
Due on May 1 in 1946 to
funding bonds offered March 22—
1960, incl.
,
March
awarded to
$250,000
For
system construc¬
sewer
Union
and
Clerk, that, all the bids received
March 27 for the purchase of
on
l
1.10
Equitable Sec'ties Corp.,
all
*or
Election
is
100.319
1.10
Co.——_
&
L, Day & Co
R.
of
San
May 1.
,Arcadia, Cat,
Bond
Weld
sues
the
Bank,
jointly
Nashville,
date
■
4
It
—
i'v.-
Commerce Union
C. Harry Doremus, City
build¬
may be submitted to
voters at an election to be
ing-bonds
on
Pending
Award
Bond
stated by
1.
and
Co.,
Salomon Bros. & Hutzler
Co., both of San
of Chicago, and
Alameda County
the
&
1362—were
Co., and
100.577
100.436
of John Nuveen &
jointly-,
&
&
Pomona, Calif.
is
bonds
approved
CALIFORNIA
held
p.
Price Bid
1
1
_
and Esta-
Co.,
on
Francisco, jointly, at a price of
110.27, a basis of about 2.57%.
Dated Feb. 1, 1945.
Denomina¬
tion $1,000.
These bonds are due
$14,000 on Feb. 1, from 1950 to
1967, inclusive.
Second highest
bidder was Thomas Kamp & Co.,
and Hannaford & Talbot, jointly,
San
have* been
161,
sale
for
Weeden
to
&
White
D.
$252,000 3V2%
offered
27—v.
awarded
Authorized—An
the State Board of Education;
Bond
Sale—The
bonds
water
application for permission to issue
said to
brook
R.
their
purchase three of the
to
desires
Higginson Corp
Putnam & Co.,
—
Orange County South Coast County
Water District (P. O. South
Laguna), Calif. •
Invited—Farish
Eraser,' County Clerk, is said to
be notifying holders of the 1940
refunding bonds that the county
/-
Lee
Day, Stoddard & Williams
White,
Ark.
Tenders
Bond
-
„
of Education is said
State Board
to
.
Library
1,763,000
Swimming Pools
600,000
Recreational Projects.
423,000
Int. Rate
Bidder—
and
Sanitary Sew¬
$5,311,000
Streets
2L 4,950,000
Hall of Justice,—— 2,707,000
ARKANSAS
rate
$25,000 in 1972;
$35,000 in 1973; $40,000 in 1974,
1975, 1976, 1977; $10,000 in. 1978;
and $250,000 in 1979.
The bonds
maturing July 1, 1979 are callable
Aledo, III.
Eelection—An
Bond
$10,000
electric
bonds
will
voters
at
on
be
issue
lighting
submitted
the election to
of
system
to
the
be held
April 17. Denomination $1,000/
bonds are due
$2,000 in'
These
1946
to
1950.
Volume
Denison, Iowa
Centralia, III.
Requested—An
election
is requested
Council
to
submit
issue
of
the
to
voters
airport
municipal
bonds.
Chicago, III.
Bond Issue Proposed
issue
to
funds
land
provide
to
..'VA bond
—
the
acquire or reclaim any
the present municipal
Carleton D. Beh
road
bonds
the
to
will
voters
100.18
(P. O. Spirit
'7
Lake), la.
Bond Sale—The $200,000 prim¬
Bond Election Planned—An is¬
of
Ky.
Bond
sale
for
elec¬
an
awarded
to
Halsey,
tion to be held in the near future.
Stuart & Co., as V2S, at a price
Du Page County (P. O. Wheaton), of 100.3005, a basis of about .425%.
Dated May 1, 1945.
These bonds
III.
Bond Election
An issue of are due on May 1, from 1948 to
•$300,000 court house bonds will be 1950, inclusive. The second high¬
1035—were
.
•—
•Judicial
to
>
the
voters
election
to
-'June.
bidder
est
the
at
held
be
777-'7/
Little York, III.
V
*
Planned—An
Bond Election
price of 100.30.
*'
2 for the purchase of
building bonds.
Dated
April 2, 1945.
Denomination $1,-
000. Due Nov. 1 as follows:
I
Orell, III.
Legality Approved—An issue of
from
1957
to
1948
$7,000
inclusive and
from 1958 to 1964 inclu¬
A certified check for $2,800
$10,000
sive.
$12,000 314% road bonds has been
■;approved as to legality by Charles
required. ' Legal
Chapman & Cutler
Feb.
will
1945.
Roanoke Township High Sch. Dist.
This
(P. O. Roanoke), III.
Proposed Bond Issue Discussed
1, 1945, will be held at the office
Frankfort, Ky. * :
To Call Utility Bonds—The fol¬
„
lowing"State
Greene
market,
and
la.
1%%
of $100,000
issue
proposed
construction bonds was discussed.
road refunding bonds offered
for sale on March 28—v. 161, p.
1035—were
awarded to
Halsey,
Voted—An issue of $75,-
construction bonds
favorably voted at the elec¬
000
hospital
was
tion held
on
7
Rock
Island), III.
Election
$375,000
%s, at a price of
100.1254, 'a basis' of .4697%. Dated
May 1, 1945.
Due from May 1,
1948 to
1950, inclusive.
Second
highest bidder was the Harris
Trust & Savings Bank, Chicago,
Stuart & Co., as
March 20,
Rock Island County (P. O.
Bond
—
issue
An
of
election to be held
June 4.
on
at
INDIANA
a
hospital bonds awarded to Vieth,
Duncan & Wood of Davenport, as
Bond Election Postponed—The
of
.'bonds
March 19
was
0.90s, at a price of 100.326, a basis
on an
of
not held due to a tech¬
nicality in the election notice. The
'issue was then submitted to the
voters at an election on March 26.
'
Indianapolis Park District, Ind.
Bond
•
Issue
'
March
Passed—On
8, the Board of Park Commission¬
ers paSed a resolution to issue not
,
than
more
$68,000 park purchase
:''7/'7;.7';-
bonds.
about
bonds constitute
Indianapolis Sch. City
Sale—The
Note
$750,000
eral
dered
of
.Indianapolis,
0.75%.
Due
Dated
June
on
a
direct and gen¬
NewrHampton, la.
Offering—Alva
Griffith,
receive
■;/[.;/.7y
originally sched¬
on
March 28.
Sully, Iowa
tion
annual
bonds
primary
offered
for
1
on
sale
1C0.125
Harris
approved,
by
a
120 to 7, the issuance of
an
Bond
$40,000
placed
to
willing to
He
said
the local
ed
the
sell
before
call
holders
that
government
mature
of
airport
bonds
will
be
the ballot at the elec¬
on
on
April 3.
Pratt, Kan.
Bond Election—An election will
be held
0.50s, tendered by the
Trust & Savings Bank of
of
'
on
$300,000
bonds.
May 3 to vote
hospital
an
issue
construction
on
June
1
2%%
sewer
J.
March
a
would
available
have
about
D.
Woody
21
G.
&
&
bond
re¬
The board chairman
the
local
retired
with
the
utility bonds would be
rapidly
as
bond
Bond
added that
the contracts
as
holders permitted.
Offering—Phil J. Thorny,
will receive sealed
Clerk,
until
2
p.m.,
on
April 2 for
purchase of $60,000 1%%
gas
Owensboro, Ky.
Bond
Sale
The
—
semi-annual school
nue
refunding
on
building
reve¬
bonds offered
for
&
Taylor County
(P. O. Campbells-
ville), Ky.
Bond
Offering —Walter Wise,
County Judge, will receive sealed
bids
until
purchase
11
April 3 for
$38,000 2%%
a.m., on
of
school
building revenue refund¬
ing bonds.
Dated April 15, 1945.
Denomination
$1,000.
Interest
A-O.
Due April 15, as follows:
$3,000 in 1946 and 1947, and $4,000
in
1948 to 1955.
Redeemable be¬
fore maturity on any interest pay¬
ment date upon 30 days' notice at
1%%
similar
a
of
amount
bonds, is being handled by
J. J. B. Hilliard & Sons, of Louis¬
ville.
This
issue
is
dated
1945.
Due
Nov.
1,
1946
subject
payment
May 1,
to 1951,
interest
to call on any
date begininng Nov.
Commission,
Bridge
have
prior to April 15, 1950, and 2%
and
after said
date.
resolution of the Fiscal
a
Court
April 3, 1945, for
refunding a like
of Taylor County Public
the
adopted
purpose
of
School
whose
opinion the bonds will be
sold and will furnish printed bond
Enclose
forms.
for
Bond
and
on
bonds
demption shall
specified
for
called
cease
on
for
re¬
the date
redemption.
Mt.
Sterling, Ky.
Bond Call
City Clerk E. O.
Crooks is said to be calling for
payment on May 1, at 101 and ac¬
crued interest, at the Mt. Sterling
National
Bank, all outstanding
2%% school building bonds.
8,000 iy2% road bonds. Due $4,000
Feb.
on
in
1
and
1964
1965.
All of the bonds
dated Feb.
are
1, 1945. Interest F-A. Legality ap¬
proved by Charles & Trauernicht
'
of St. Louis.
Abbeville),y La.
Bond Sale Details—The $50,000
drainage bonds offered for sale
the
gas
to
Bolton
Call—J.
Phillips,
utility revenue bonds N'os. 9
52, are being called for pay¬
on May 1, at a price of $1.03
ment
the
on
dollar
of
the
face
value
thereof, and accrued interest to
call date, at the Guaranty Bank
and
Trust
Co., of Alexandria.
Dated May 1, 1943.
Denom. $500.
Due May 1, as follows: $2,000 in
1946, $2,500 in 1947 and 1948, and
$3,000 in 1949 to 1953. Interest
1451
divided
were
—
follows;
as
$11,500 haaturing Nov. 1: $2,000 in
1946 and 1947; $2,500 im 1948 t<*
2V2S; $29,500 maturing!
in 1951 to 1957; $3,000 in 1958 to 1961, as 21As, and
$9,000 maturing $3,000 Nov.
1,
1962 to 1964, as 2s. Dated Nov. 1,
1944. Denomination $500. Princi- f
1950,
as
pal and interest (M-N) payable
the National Bank of Commerce,
Orleans.
New
Direct
obligations
District payable from
the
of
limited
taxes
valorem
ad
levied
March
MASSACHUSETTS
Brockton, Mass.
Note Sale—The issue of
$500,000
March 28—v. 161,
1363—was
awarded to, the
offered
notes
p.
Second National Bank of Boston,
at
22,
due* Nov.
7 7
and
1945
Dated March
discount.
0.346%
29,
Other bids:
'
W.
Bank
Brockton
of
0.36*%
0.36
Bank of Boston,.—
National
0.369
Huton & Co.——-
E.
Leavit
& Co.—
0.39
——
0.399
National Shawmut Bank of Boston
Chicopee, Mass.
Note Sale—The $300,000 tempo¬
notes offered for sale on Mar.
rary
27—v. 161, p. 1363—were
purchased
by the Union Trust Co. of Spring¬
field at a discount of .30%. Dated
March
28,
Denomination
1945.
as
were
follows:
Discount
Springfield
First
—
At
a
July 1, an issue of $1,2% public ( improvement
bonds.
77
Richland
Parish
^
(P.O. Rayville),
La.
Bond
Offering
Secretary
ceive
Police
sealed
bids
National
Bank. Boston
.<
.31
.423
Easthampton, Mass.
Note Sale—The $100,000 tempo¬
notes offered
for sale on
March 28 were awarded to the
rary
Merchants National Bank of Bos¬
ton at
Dated
discount of ,325%.
a
April 3, 1945.
These notes are
payable on Nov. 8, 1945. The only
other
bidder
the
was
tional Bank of
Park
Na¬
Holyoke, at 0.348%.
Leominster, Mass.
Sold—An
issue
notes
tax
sold
was
of $200,-
March
on
21, at a discount of .325%. These
notes are due on Nov. 20, 1945.
Middlesex County
(P. O. East
Cambridge), Mass.
call Jor payment
on
.31%
—
Goldman, Sachs & Co
000
meeting on
21 the Board of Liquida¬
Call
P. Phillips to
par
'<
,
Discouut
National
Home
First
1945.
/
Bidder—
tion, City Debt, of New Orleans,
instructed Board Secretary Hor¬
at
be
all
upon
Notes
New Orleans, La.
Bond
un¬
to
of the' taxable
property located within the Dis¬
trict. Legality approved by Chap¬
man & Cutler, of Chicago. 1
called.
date
on
ceases
on
Sept. 19 and purchased by Scharff
& Jones, of New Orleans-r-report
of which appeared in v. 160, p.
Third National Bank & Trust Co.,
Clerk, has announced that
$22,000 3% refunding bonds
and all interest accrued to the
fixed for prepayment
$4,000 from 1960
1963 inclusive.
to
>
bidders
La.
Town
400,000
so
.
1, as follows: $2,000 in 1951;
$3,000 from 1952 to >1959 in¬
Bidders—
ace
date
.
$50,000 and $25,000. These notes
are
due Nov. 8, 1945.
The other
LOUISIANA
City of New
par
certified check
a
$1,000.
Glenmora,
to
York, of the bonds
with
all
coupons
designated,
belonging and maturing
on and after the redemption date,
said bonds will be paid in cash at
1950
to
'
on
Issued pur¬
suant to
1,
been
1946
42,000 2.% road bonds. Due Feb.
and accrued interest plus 3%
~
for
from
1
Nov. 1: $2,500
Corp.*3%% bonds, dated
Oct. 15, 1940. / Principal and in¬
The City will furnish the bonds
terest
payable
at
the
Taylor
and
the
approving
opinion
of
Chapman & Cutler, of Chicago, County Bank, Campbellsville. Bids
and bids may be conditioned only will not be considered for bonds,
to that extent.
Enclose a certi¬ having other than the foregoing
specifications and the right to re¬
fied check for $1,500.
ject any and all bids is reserved.
Henderson, Ky.
The Fiscal Court will furnish a
Debt Refunding — Refinancing final
approving opinion of Stites
of
the $60,000 3%
gas
revenue
& Stites, of Louisville, subject to
bonds
1.933%:
inclusive.
2%
—were
amount
specify a
bid price of npt less than 102%%.
Feb.
on
Drain District P. O.
-
$46,000
March 26—v.
interest.
must
about
V,ermilion Parish Coulee Kinney
par
Bidders
re¬
Cincinnati.
refunding bonds.
Dated May 1, 1945.
Interest M-N.
Due $10,000 Nov. 1, 1946 to 1951.
Optional for redemption on any
interest payment date on or after
Nov. 1, 1947, at par plus accrued
revenue
&
Co.,
$10,000 3% road bonds. Due $2,000
was
Co., Lexing¬
Taylor & Co.,
Co.,
and
Walter,
Heimerdinger, all of
Edward
Widmann
the
for
net interest cost of
composed of
group
Van Hooser &
ton,
refunding
revenue
offered
awarded to
Loeb
the following
price of par, a
a
clusive and
$95,000
Feibleman
M.
Orleans/jointly,
purchased
cently
Nicholasville, Ky.
bonds
J.
Ernest
$60,000 bonds at
in
time.
securi¬
tirement at that time.
interest
issue
Due
Bond Sale—The issue of
slightly before
bond call date and add¬
board
$75,000
reach
locate bond
the
ties would
to
—
on
1.94%.
the
both of New
1946 to 1959 inclusive.
clusive.
unable
bonds
of the bonds to be redeemed. The
Kan.
Election—An
tion to be held
offer of
Chicago, and associates.
about
be
initial
redemption, together with a pre¬
mium of 2%
upon the principal
KANSAS
Osborne,
March
on
May 1 in 1948 to 1950.
was
recent elec¬
refunding
road
a
Second best bid
a
$6,000 community hall bonds.
price of 100.255, a basis
•of about 0.44%, Dated May 1, 1945.
Due
voters
$220,000 semi¬
"27—v. 161, n. 1253—were awarded
to Halsey, Stuart & Co., Inc., as
0.50s, at
the
count of
Water¬
loo), Iowa
Sale—The
Bond
a
thereto
was
Bonds Voted—At
■
sealed
at
dates would be next July and that
in all probability the board would
that
of the Chemical Bank & Trust Co.,
the
will
April 4 for the purchase
$10,000 2% airport bond
were
and
—
161, p. 1363
purchased by Stein Bros.
Boyce of Louisville, the only
bidder, according to City Clerk E.
J. Rhodes. Dated April 1, 1945.
Due on April 1 in 1946 to 1958 in¬
Leslie, W. Morris, chairman of
board, explained yesterday
the
3670, maturing Nov. 1, 1955, not
heretofore called for redemption.
7 Upon presentation at the office
Clerk,
Boyce
v.
161, p. 1253—
purchased by the said firm
price of 104.00, a basis of
Louisville
sale
fund.
Sinking Fund in the hands of the
trustee, being all of said issue of
bonds bearing serial numbers 2001
uled to be sold
IOWA
Black Hawk County (P. O.
utilizing money
in the bond retirement
up
bonds sold to Stein Bros. &
of
in
May 1, out of the moneys of the
issue which
jointly, at
31, 1945.
A
$40,000
of
of
National
■>
piling
of
County Court Clerk
that the $43,000 2%% semi-annual
school building revenue refunding
government securities
means
Deputy
stated by
now
or¬
selected by lot for redemption on
City
March
30, 1945.
term
a
has
bids until
Bank, and the Indiana Trust Co.,
all
Board
obligation of the entire coun¬
Bond
Union Trust Co., the Indiana Na¬
Merchants
Plant
Electric
Ifrom a voted annual
V2 miff. Legality approved
by ChapmarF3& Cutler of Chicago.
tional Bank, the American National
the
Frankfort
acquisition
short
as
the
tax of
27—v.
Bank,
Frankfort
ty, payable
tem¬
notes offered for sale on
161, p. 1363—were
'awarded to a syndicate composed
of
the
Fletcher
Trust
Co., the
porary
March
the
of
0.823%, as reported in
1947.
v. 161, p. 1363—bear date of April
2, 1945, are in $1,000 denomina¬ Louisville Bridge Commission, Ky.
Bond Redemption Notice—Pur¬
tions, and mature Nov. 1, as fol¬
lows:
$6,000 in 1946; $7,000,1947 suant to the provisions of the
and 1948, and $8,000 from 1949 to
trust
indenture
between
the
1958 inclusive. Bonds maturing in Louisville
Bridge
Commission
1950 to 1958 are optional April 1, and the. Louisville Trust Co., of
1950, and thereafter on any inter-; Louisville, as trustee, dated Jan.
est payment date.
Principal and 2, 1940, various Bridge Revenue
interest
(A-O)
payable
at the 2%% refunding bonds aggregat¬
County Treasurer's office.
The ing
$268,000
of the
Louisville
construction
$225,000
Sale Details—The $100,000
Bond
andria), Ind.
issue
Osage),/
Iowa
Douglas County Independent
on
Bank
price of 100.1250.
Mitchell County (P. O.
School District No. 2 (P. O. Alex¬
scheduled vote
National
&
Trust
Co., Des Moines, and
White-Phillips Co., jointly, as J/2s,
'will be submitted to the voters at
•an
Moines
Iowa-Des
bonds
hospital
county
prim¬
$22,000
Sale—The
Bond
ary
Rochelle, III.
Bonds
(P. O. Jefferson),
issue
Water
system
County
the
Journal":
approved
on
in
Still unable to purchase Frank¬
fort
utility bonds on
the open
bids
election
at an
appeared
15
City
was
item
March
successful
March 12.
meting held on March 12 a
a
issue
voters
the
by
121
the
furnished
be
bidder.
J
opinion of
of Chicago
is
& Trauernicht of St. Louis. Dated
'—At
will
$140,000
lighting system bonds.
No.
Gibson,
Schools,
of
-
April
on
suance of $14,000 post-war boule¬
15,
:
.
receive sealed bids until 8.15 p.m.
said to -be scheduled for April 17
v
;
>
W.
Offering—R.
7 Superintendent
is
.to have the voters pass on the is¬
vard
a
:'L:
District, Iowa
Bond
election
Election—An
Bond
■'/.'■
Eagle Grove Independent-School:V
tion to be held in the near future,
/i/J/;^/ Mt. Morris, III.
V2S, at
Co., jointly, as
Phillips
is-
';sue of $45,000 road bonds will be
[ submitted to the voters at an elec¬
v
Trust
Des Moines, and White-
Trust Co.,
;
Harris
the
was
Savings Bank, Chicago, IowaDes -'Moines
National -Bank
&
&
in
n g—
Co.
Price Paid—It is
Sale—T.
Bond
Bardstown),
Ky.
the
i
e a r
funding bonds, dated June 1, 1941,
are
advised that hearing on the
county's application to refund that
portion of the bonds callable June
'
-submitted
II
Holders of 4% road and bridge re¬
County
road refunding bonds offered
on March
29—v. 161, p.
ary
sub¬
be
at
Refunding
Knuckles, Jr., State Local
Finance
Officer,
at
10.30
a.m.
(CWT) on April 6.
100.47
2
Shaw, McDermott & Co._
III.
1475
Nelson County (P. O.
(P. O. Jackson),
of W. L.
T.
13,4
—
Dickinson
mitted
101.18
Breathitt County
the June
on
Dixon Township (P. O. Dixon),
sue
;
Co., Des
Moines
ballot.
.
Co.1%%:
Bank & Trust
new runways
be placed
may
.
Int. Rate Price Bid
Iowa-Des Moines Nation'l
increased traffic, or auxiliary
for
site,
a
Bidder—
near
airport required for
at
V, 161, p.
as follows:
with
City
price of 101.19 —
1253—were also bid for
l%s,
as
1
KENTUCKY
$36,000
airport bonds awarded March 19
to Wheelock & Cummins, of Des
Moines, and Paine, Webber, Jack¬
son & Curtis, of Chicago, jointly,
by the City
& FINANCIAL CHRONICLE
Sale Details—The
Bond
Election
Bond
an
THE COMMERCIAL
Number 4373
161
Note Offering
—
James C. Mc-
Cormick, Acting County Treas¬
urer, will receive sealed bids un¬
til 11:30 A.M. on April 3 for the
purchase of $300,000 temporary
at a discount.
Dated April
loan,
—
R.
Downes,
Jury,
will
until
April
re¬
10
purchase of $350,000 court
jail bonds, not exceed¬
ing 6% interest.
Dated April 1,
1945.
Denomination $1,000. Due
for the
house and
6, 1945.
Denominations to suit
purchaser but no note will be
smaller than $10,000.
Due April
1946.
Issued under General
Chapter 111, Section 85A.
Payable at the Second National
5,
Laws,
Bank
of
Boston
National
Bank,
April 1, 1946 to 1960. The approv¬
ing opinion of Charles & Trauer¬
nicht, of St. Louis, will be fur¬
nished the purchaser.
Enclose a
certified check for $6,000 payable
to
the
Treasurer of the Police
notes
Jury.
genuineness
or
at
New
the Chase
York
City,
and will be delivered on or about
April 6,
tional
1945, at the Second Na¬
Dank
payment
will
in
of
Boston,
Boston
against
funds.
The
be authenticated hs
by
the
to
Second Na-
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1476
of
Bank
tional
their
and
Boston
by
Storey,
& Dodge, of
legality
approved
Thorndike, Palmer
New Bedford, Mass.
Sale—The
Note
$500,000
reve¬
anticipation notes offered for
sale on; March 28—v. 161, p. 1363
—were awarded to the First Na¬
tional Bank of Boston, at 0.385%
discount. Dated March 29,
1945.
Due oh Nov. 14, 1945. Other bid3
received were: Leavitt & Co., of¬
nue
fering,-0.39%, and a tender of
0.399%, by the National Shawmut
Bank, Boston.
J
Quincy, Mass.
Note Sale—The issue
of $1,000,-
anticipation notes of¬
28 was awarded to
National Shawmut Bank of
000
revenue
the
March
Boston,'at 0.325% discount. Dated
March 728, 1945 and due as fol¬
lows: $300,000 on Nov. 8, $200,000
Nov. 15, $300,000 Dec. 6 and $200,000 on Dec. 20, all in 1945. Other
bids:
Merchants National Bank,
W.
E. Hutton &
Co.,
First National Bank of
Boston, 0.343% and Second Na¬
tional Bank, 0.344%.
0.334%;
0.339%;
'l'*
f.
t"
*
•
;
.
for
offered
rary/motes
29
sale
awarded
were
Newton-Waltham
Trust
&
Bank
on
the
to
Co., of Newton, at a discount of
Dated March 29,
1945.
*.308%.
notes
mature
1945:,
Other
bidders were:
National
^- •«/1*
*
on
Bank,
for/.325%, and
& Co,!; .368%.
1,
Nov.
Thes.e
First
Interest
dates.
of
The
Boston,
Sachs
Goldman,
law
by Section 21, Article X*, of the
Michigan
Constitution
and the
Michigan Property Tax Limitation
Act.
The District authorized an
increase in the tax rate limitation
of
1949, both
election held on
Jan. 16, 1945.
Bids shall be con¬
ditioned
upon
the
unqualified
opinion of Miller, Canfield, Pad¬
dock & Stone, of Detroit, approv¬
ing the legality of the bonds. The
cost of such opinion shall be paid
for
the
1, as follows: $5,000
to 1954, and $4,000 in
April
\V..
'
March
sold'at 0.30% discount, as
28
par
Other bids
1965, except Series E bonds, which
were
as
follows:
Trust
Co., New
0.33%, plus $11 premium.
Day
ter, R. F. D. No. 3), Mich.
Call—Frank W. Guthrie,
Treasurer of the Board of Educa-
tiortj calls for payment on April
15, at par and accrued interest,
refunding bonds Nos. 31 to 33,
dated April 15, 1937, in $500 de¬
1962,"The bonds
are
"m
~V°
■
'
April
15,
redeemable
Said bonds should be delivered
the Detroit
to
Trust Co., Detroit,
payment.
and
Sch.
Burton
Dist.
No.
Twps., Frac.
10, Mich.
feond Call—The District is call¬
ing for payment on May 1, all out¬
standing refunding bonds dated
1937. Said bonds, with cou¬
properly attached, should be
presented to the Detroit Trust Co.,
Detroit, for payment.
Interest
pon
ceases on date called.
(P.
O.
Melvindale),
Mich.
Offering—Ralph L. Jolly,
District Clerk, will receive sealed
bids until 8 p.m. (EWT),,on April
3 for the
to
purchase of $65,000 not
exceed
bon'ds.
6%
1946
int.
coupon school
April 1, 1945.
In¬
Dated
terest A-O.
Due $13,000 April
1,
Rate of interest to
1950.
to
be ih multiples of
of 1%. Prin¬
cipal and interest payable at the
Detroit
must
Trust
be
for
Co., Detroit.
and
Call—Charles M.
Ziegler,
numbered
various
Michigan
district
sessment
im¬
highway
Bids
bid
cost
to
produces
to
the
The bonds will
the
bidder
whose
the lowest interest
District after deduct¬
ing the premium offered.
Interest
an
after
redemption.
time, whether
not
interest payment date,
mailed
notice
bank at which
the
or
the
to
payable and to
holder, if known, of any
bond to be redeemed 60 days
prior to the redemption date.
Dated April 1, 1945.
Denomina¬
separate
specify a
single rate of interest in multiples
of 14 of 1% for all bonds of said
issue. No bid for less than par and
tion $1,000. Bids must be
for each issue and must
interest
accrued
will
be
consid¬
the place of payment as
specified in the bonds on or be¬
May 1, 1945, on which date
fore
interest
ceases.
Warren
Township Sch. Dist. No. 2
(P. O. Center Line), Mich.
Bond
H.
Call—Ernest
Schoen-
Secretary of School Board,
calls for payment on May 1, at the
Detroit Trust Co., Detroit/refund¬
see,
ing opinion of Dorsey, Colman,
Barker, Scott & Barber, of Min¬
neapolis, all without cost to the
purchaser.
Enclose
a
certified
check for 2%
of the bonds bid
District; Treasurer,
sealed
tenders
N.
Juip,
receive
will
until
8
p.m.
on
of 4j936 refunding bonds,
for
the,.purchase of which there is
now
$8,000 available.Offerings
should be firm for five days. Ten¬
ders should
fully describe the se¬
curities tendered, including serial
numbers, their par value and the
amount for which they will be
sold to the School.
serves
the
right
The Schol
irregularities
accent
and
the
in
most
to
reject
on
voted
the
School
purchase additional bonds
exhaust
the
to
of money
available for their
April 3, 1945.
amount
pur¬
University City School District, Mo.
Bond
school
Sale —The
bonds
161,
Offering
Bond
its
Kansas
The
—
home
office,
City,
Kansas
in
Mo., for the purchase of $919,650
Texas municipal bonds which in¬
cludes 61 lots.
Missouri (State
bonds
be
$80,000,
and
1957;
1955;
$90,000,
$100,000,
1958
to
1963, and $80,000 in 1964 and 1965.
group purchased the bonds
as non-optional.
Second high bid
of 100.635 for l's
(also on nonoptional basis) was made by a
group
composed of MercantileCommerce
Bank
&
Trust
Co.,
The
'
Boston
from
MONTANA
Bynum Irrigation District, Mont.
gallon to fi¬
Past
Due
-
Interest
Available—Funds
highway system and extension of
the farm-to-market road network
under a bill
introduced in the
presently
tional
to pay
tative
Payment
said
are
available
Rockland
Missouri
of
Bank
to
th,e
at
be
Na¬
Boston,
Jan.
Qounty Republican.
The
proposed
would
1
?
interest which
effective until
not become
due
was
of the above district.
increase
tax
on
1, 1942; July 1, 1942, and Jan.
1, 1943, on 414% refunding bonds
Legislature by Represen¬
Melvin
E.
Fish, Putnam
Miles
Bond
Mont.
City,
Election
of
issue
An
—
$35,000 bonds—$15,000 fire truck
purchase bonds and $20,000 swimming pool bonds—will be submifted
under normal traffic conditions.
the
to
be held
to
at
voters
an
on
issue of
April 3
$25,000 water
election
an
Election—At
held
system
be submitted to
bonds will
the voters.
Minn.
Offering—Joseph Justad,
St. Louis Park,
Bond
Village Clerk, will receive sealed
bids
ceed
until
8
on
p.m.
April 2 for
of $9,000 not to ex¬
interest street improve¬
3%
April 15, 1945.
Denomination $1,000.
Due $3,000
1946 to 1948
general obli¬
gations of the village and issued
under authority of Chapter 382,
Minnesota
Laws of
1903.
Legal
April
on
15
inclusive.
from
These
be
>
NEBRASKA
(State of)
Local Municipals Awarded—The
Wachob-Bender
and
both
Corp.,
the
successful
of
Educational Lands
Mo.
Offered
Publicly
Bond
fered
prices to yield 0.45% to 1.00%,
according to maturity. The bonds
are
payable from unlimited ad
valorem taxes, and are due se¬
at
in
appeared
1254. Other bids were as
Cook
161,
p.
1364—were
to
Hopwood of
Minneapolis, and the Caldwell,
Phillips Co. of St. Paul, jointly,
as
Is, paying a price of 100.235,
Piper,
Jaffray
basis
a
Co.,
&
and
of
about
0.95%.
Dated
June
an
1, 1951.
Next best bid was
offer of 100.45 for 1.10s, by
the
Bank of
of
&
County
State
MISSISSIPPI
Lincoln
County (P. O. Brookhaven), Miss.
Legality Approved—An issue of
terest
;,
100.663
8,000
Bros.
&
Peters,
Christensen.
St.
Louis
Writer
$2,000
1,
1,
Op-
1945
&VO:
View,
&
' I
Refunding,
100.219
Bayless Consol.
Stuart
Sale—Halsey,
&
Interest
.
1947.
of about
of 100.763, a basis
Dated
March
Denomination $1,000.
15,
1945.
Due March
follows:
$1,000 from 1946 to
inclusive; $10,000,
1954 to
inclusive; $11,000, 1957 to
inclusive, and $12,000 from
to 1963 inclusive.
Principal
and
interest
1
as
1953
payable in
Chicago.
Legality approved by
Chapman & Cutler.of -Chicago.
Other
bids
(M-S)
included
the
Dawson
District
County,
School
20,
No.
bonds,
Interest J-D.
1925.
4%%
Dated June
;
7
1946, and $2,000
in
follow¬
and
54,
J-J.
Due
School
4%%
Dated
bonds.
Jan.
'
1,
k
$4,000 Jan. 1, 1948
*
1949.
7,000 Fairmount,
414%
bonds.
Refunding,
Interest
annual
■
(Nov. 2). Dated Nov. 2, 1931.
Due Nov. 2, 1951;
$6,000 op-
7
tional, $1,000 Nov. 2, 1945 to
7,
1950.
'
;
:
5,000 Keith County, School District
No.
Interest
$3,000 in
1950.
1%'s.
County,
,
No.
Cook
Co., 100.55 for
*
;*
Douglas
District
Interest
1925.
s
15,
$3,000 in
1947."
8,000
\
Due June 15, as follows:
nicht, of St. Louis.
&
-
$2,000 June 1, 1945 to
7' 7/'7;/
7,77
.
Inc., Chicago, were awarded
on March 21, an issue of $142,000
construction bonds as 1%'s, at a
1.189%.
f
J
5,000
-
l'/a
Co.,
price
t>
to
j
ing: Paine, Webber, Jackson &
Curtis, 100.37 for 1%'s; Newhard,
1 14%
Jan.
Jan.
1963.
annual
semi-annual court
house bonds has been aporoved
as *o lenity by Charles & Trauer$36,000
1,
•
.
O. Clayton), Mo.
Sch. Dist. (P.
Bond
7
:
;
jointly—
County,
Dated
Jan.
bonds.
tional
Co.;
and
J-J.
Due
f
(June 1). Dated June 1, 1928.
June 1, 1948; $6,000 op-
Co.;
Baum, Bernheimer Co.,
■,
Due
Corp., New York; Mul-
&
7
|
1949 to
77:77777'77 .7:
College
.5%
Michigan
Ross
and
,
IV* ft
4%
Dated
Due $1,000 Oct.
1947,
1962.
Co.;
laney,
to
'
1943.
:—_—
Walker
H.
1, 1938.
1945
tional
/
A-O.
39,000 Beaver Crossing, Refunding, 3 and 314% bonds. In-
City
'
4
not
were
Refunding,
Interest
1951.
•
1961
Wright
1,
City,
Kansas
Co.,
jointly
&
March 1, 1945.
Due on June 1 in
1946 to 1956; optional on and after
Oct.
Dempsey-Tegeler & Co.;
26—v.
awarded
..'v.:.-.,
National Bank & Trust -'
refunding bonds of¬
March
bonds.
follows:
Goldman, Sachs & Co.;,.
Braun,
Bosworth
&
Co.,
Inc.;
Newhard,
Ashton,
$6,000
Int. Rate Price Bid
Bidder—
"f
to
sold:
161, p.
v.
7
the block of bonds which
rially from 1947 to 1965. Report
the award of the issue to the
Sale—The $34,000 coupon
on
$2,000, equal
of
bankers
►
and Funds, on
plus a premium
100.312.
The
of par
bid
«
remaining $21,300 bonds were not
sold.' Following shows the issues
purchased by the bond houses and
District, Missouri 1% school bonds,
County Indep. Sch. Dist.
(P. O. Monticello), Minn.
sale
of
sale,
G.
for
their
subject to the approval
of legality, an issue of $1,150,000
Normandy
Consolidated
School
for
Stern
7
Hal-
Stuart & Co., Inc., Otis & Co.(
Republic Company, and
Julien Collins & Co., are offering
First
No.
—
j
(
Omaha, jointly,
were
awarded
$620,643.13 of the grand total of
$641,943.13 tax-free local munici¬
pal
bonds offered for sale
on
March 27 by the State Board of
Normandy Consolidated Sch. Dist.,
bidder.
Wright
-
the
Co.
Schweser
E.
Robert
after the end of the war.
years
are
furnished
■
election
an
April 2.
on
Nebraska
highway program under which
about $14,400,000 will be available
to Missouri each year for three
opinion of Dorsey, Colman, Bar¬
ker, Scott & Barber of Minneapolis
will
,
Representative Fish said a big
part of the funds would be needed
to
match, the
post-war Federal
Bonds
Loretto, Minn.
„
,
Corp. and Stix & Co.
two
reconstruction of the State's
nance
;M^rch 15,
March 15 as
on
Northern Trust Co., Chicago, First
of)
increased
cents to four cents a
to
dated
are
Proposal to Double Gas Tax
Pending—Missouri's gasoline tax
would
23—
awarded
1961 inclusive; $90,000 in 1962 and
Life Insurance Co. will re¬
sealed bids until April 4 at
ceive
March
Savings Bank,
Chicago, and Stroud & Co., Phila¬
delphia, jointly, as l's, at a price
of 100.699, a basis of about 0.944%.
1956
(P. O. Kansas City), Mo.
City
$1,200,000
offered
1254—were
p.
inclusive;
City Life Insurance Co.
Kansas
local
follows: $40,000 from 1950 to 1954
MISSOURI
March 20.
of the Board
favorable to
the
municipal
gas and
electric company.
A bid of 108.58
was entered by a group headed.by
Stranahan, Harris & Co., Inc.
The
held
to
tenders
finance
of
Central
election
the
at
Monticello.
tenders;
or
to
was
1945, and mature
to waive any
said
purchase of $25,000 re¬
10 for the
funding bonds.
1960
tender
issue
acquisition
the Harris Trust &
City Clerk
until April
Bond Offering—The
will receive sealed bids
any
sufficient
pose on
Waveland, Miss.
1956
to
and/or all tenders;
re¬
on March 24 an issud
$6,200,000 revenue bonds at a
price of 108.60.
Purpose of the
of
sey,
ably
semi-annual
bonds../-
purchased
v.
30 days after the end of the war
Principal and interest pay¬
It was estimated that
able at any suitable bank or trust emergency.
doubling the tax rate would pro¬
company designated by the pur¬
chaser.
The Village will furnish duce'between $25,000,000 and $30,the printed bonds and the approv¬ 000,000 a year in road revenue
ing bonds of 1941 Nos. 113 to 124.
Interest coupons to accompany the
called
Co. of Des Moines and Associates
ered.
ment orders. Dated
sented to
of St. Louis.
order of serial numbers
any
on
Co., Memphis. Legality ap¬
proved by Charles & Trauernicht,
Trust
at which
bank
50,000 Village Hall bonds. Due
$5,000 April 1, 1948 to 1957.
Subject to redemption in in¬
These bonds with all coupons ap¬
which in the opinion
a
the
to
of
date
1945 to 1954." Principal
(F-A) payable at the
Union Planters National Bank and
notice
after
payable and to the holder, if
known, of each bond to be
redeemed 60 days prior to the
•
$1,000 and mature $1,000
1,
and interest
payment date there¬
Village,
mailed
of
in the denomina¬
are
any
on
the purchase
purtenant thereto, should be pre¬
&
Aug.
at par, at the option of
refunding bonds, are
being called for payment on May
1, at par and accrued interest.
are
awarded
after
as¬
provement
months' interest.
be
interest
the
to be
(State of)
premium
of at least equal to the first six
par
April 1, 1955, and
on
Bond
Michigan
April
Bond
order of serial numbers
verse
date called.
Tenders (Sought—Leo
,
Ecorse Township Sch. Dist. No. 11
I
$85,000 Hospital bonds. Due April
1, as follows: $3,000 in 1948 to
1957, $7,000 in 1958 to 1964,
and $6,000 in 1965. Bonds ma¬
turing in 1956 to 1965 to be
subject to redemption in in¬
Interest ceases on
for
the Detroit Trust Co., Detroit.
Ddvison
"
\
all outstanding.
all outstanding. 7777'. for, payable to D. W. Fenske, Vil¬
lage Treasurer.
all outstanding.
Little Falls School District, Minn.
all outstanding,
v
Bonds Voted—An issue of $300,all outstanding.
Series EE all outstanding;
000 construction bonds was favor¬
A,
B,
Series C,
Series D,
Series E,
Highway Commissioner, has
announced that $81,000 State of
due
purchase of $135,000 bonds, as
Series
Bond
Bond
and
1950, but are re¬
interest payment
State
Avon and Shelby Twps. Fractional
Sch. Dist. No. 2 (P. O. Roches¬
nominations
4
1,
on any
Series
York,
MICHIGAN
at
Nov.
date:
300,000
dated March 29,
Trust Co., Boston, 0.31 %; Second
National Bank of Boston, 0.328%;
Bankers
and accrued interest, the fol¬
lowing 1935 refunding bonds, all
become due on Nov. 1,
of which
300,000
are
that
O'Connor, City Clerk, is
calling for payment on May 1, at
$400,000
1945;.and mature on Nov. 9, 1945.
stated
is
Call—It
Bond
John M.
(Street Trust Co., Boston—
notes
the
follows:
taxable by
terms of any Federal income
law hereafter adopted by Con¬
the successful bidder may,
at his election, be relieved of his
obligations under the contract to
purchase said bonds, and in such
case the deposit accompanying his
bid will be returned..
Enclose a
certified check for 2% of the par
value of the bonds, payable to the
bonds
ders
tion
D. W. Fenske,
—
Village Clerk, will receive sealed
bids until 7.30 p.m. on April 2 for
gress,
Amount
National Bank of Boston—
The
Offering
at
was
Merchants Nat'l Bank of Boston.
First
Gaylord, Minn.
Bond
the
tax
the
these bonds
bonds of the same type
from
to
election scheduled for
an
verse
follows:
Purchaser—
State,
voters at
submitted
be
April 12, it is said.
livery of the aforesaid bonds, the
income received by private hold¬
deemable
Note Sale—The issue of $1,000,-
ho'tes offered
purchased by M. A. Saun¬
Co., of Memphis—as re¬
ported in v. 160, p. 1788—were
sold at par.
Dated Sept. 1, 1944,
will
bonds
at an
the District.
Purchaser shall
pay the cost of printing the bonds.
In the event that prior to the de¬
mature
Worcester, Mass.
"
000
3% town hall and fire equipment
addition
school
public
Bond Sale—The Carlton D. Beh
$10,000
Bond Election—The issuance of
$50,000
by
issue of $49,000
Co.,'Inc., as
at'ia price of 100.011, a basis
'of« .748%.
Dated April 1, 1945.
1955,
1945 to
years
inclusive,
Lincoln Park, Mich.
Harrim'an Ripley &
1946
of the assessed valuation
1.8%
Springfield, Mo.
Merigold, Miss.
Bond Sale Details—The
Breckenridge, Minn.
levy upon all the taxable
to
property therein such ad valorem
taxes as may be necessary to pay
the
bonds and interest thereon,
within the limitation prescribed
'mm
^
Sale—An
Note
'■>'
premium will
deductible in
on
District Treasurer.
water'loan notes was awarded to
in
maturity
determining the net interest cost.
No bid for less than all of the
bonds will be received.
The Dis¬
trict is authorized and required by
Whitman, Mass.
„
Due
respective
the
and character shall be
Note /Sale—The $300,000 tempo¬
March
MINNESOTA
computed from April 3,
to
,
ers
Waltham, Mass.
i,.
;
be
1945,
not be considered as
Boston.
fered
will
Monday, April 2, 1945
1922.
<1,
514%
M-N.
Dated
-
bonds.
1,
follows:
?
1947, and $2,000 in
f
Due Jan.
1,
as
May
1, 1941. Due Oct. 1, 1961.
Optional Oct. 1, 1946.
Note
$6,000 in 1947.
,
Wauneta,
Sewer,
5J/2%
bonds.
annual
Interest
(Jan.
1, 1930. Due
Jan.- 1, 1950. Optional Jan. 1,
as
follows: $1,000 in 1947 to
1949, and $2,000 in 1950.
1).
Dated Jan.
School
bonds.
Interest
annual
(Jan.
1).
Dated Jan. 1, 1936. Due $1,250
Buffalo
13,750
District
t
1, 1946 to 1956.
5,000 Elgin, Sewer, 3V2% bonds.
Interest
annual
(May
1).
Dated May 1, 1940. Due May
1, as follows: $1,000 in 1953,
$3,000 in 1954, and $1,000 in
.
1955.
bonds.
Dated
A-O.
Interest
April 15, 1935. Due April 15,
as follows: $3,000 in 1945, and
$5,000 in 1946 to 1950.
4,000 Randolph, Refunding,
..
„
bonds.
Aug.
1,
.
1938.
4%
Dated
F-A.
Interest
Aug.
Due
1,
1955.
14,000 Stuart, Sewer, 4% bonds.
Interest
annual
(Nov.
1).
Dated
Nov.
1,
1935.
Due
$2,000 Nov. 1, 1949 to 1955.
11,000 Sheridan County, School
District
No.
91, 5%
bonds.
Interest M-N.
Dated May 1,
Y,i< 1927. Due May 1, 1947.
•
4,000 .Franklin County, School
District
No.
3,
4%
bonds.
Interest
„
1936.
V,
J-J.
Due
Jan.
Dated
$500 Jan.
to 1953.
>
Interest
1921.
Dated
July
Interest"J-J.
1929.
1945
Due
1,
1, 1947.
County,
No.
11, 5%
District
Y
J-J.
Due July
Adams
4,000
School
bonds.
Dated July 1,
$1,000
July
1,
tional
ment
on
interest
any
J-D.
Interest
Dated Dec.
1,
-
,Y
1, 1940. Due Dec.
follows: $500 in 1945,
as
bond
Each
the
u
Y
1945.
Sewer,
314%
bonds. Interest annually Sept.
1.
Due Sept. -l, as follows:
$1,000 in 1946 to 1952, $1,500
in
1953
and
1954, $1,000 in
1955 to
1957, and $2,000 in
1958 to 1960.
Potter,
bonds.
Y;
\
to
2%%
Refunding,
Interest
J-J.
Dated
1,
1955, and $5,000 in 1956 to
Optional Jan. 1, 1946.
1960.
104,000 Orleans, Refunding, 3 V2 %
>■'
•
Interest M-N.
bonds.
Dated
purchaser.
Bond
Measure
173,293 Ralston, Refunding, 1%,
1 %% and 2% bonds. Int. an¬
nually Sept. 1. Dated Aug. 1,
1935.
Due Aug. 1, as follows:
$4,000 in 1948 to 1954, and
$145,293 in 1955.
Dec.
1960.
13,000
J-D.
Dated
1, 1940.
Due Dec. 1,
Optional Dec. 1, 1945.
Decatur,
bonds."
Y
Interest
3V\%
Funding,
Interest
J-D.
islature.
—
and
*J.
!
Dec.
18,000
$4,000 in 1960.
1, 1945.
Decatur,
bonds.
1.
1,
1945
to
1951
to
Sewer,
March
as
May
May 1, 1940.
Due
follows: $1,000 in
1950,
and
$2,000
1956.
in
follows:
as
Rippel
&
New
For
Co
-.100.05
the
was
interest
net
0.694%.
for
Y
of
first
year
and
0.75% thereafter to final maturity.
They are dated June 1, 1945 and
$25,000 on June 1 from
1953 incl.; optional after
5 years.
Other bids included the
following:
•
to
Savings
Bank and KirkpatrickPettis
jointly-_„....U.75?«
Co.,
National
First
100.037
of
Bank
and
Chicago
* ■
•
Co., Omaha, jointly—
Halsey, Stuart & Co
0.75
0.875
100.025
100.075
Bond
Election
—
An
issue
Burr &
of
voted.
tion to be held
on
NEW
an
For
Co., and
Bond
1254
p.
—
awarded
were
to
Harrison
Saul
Miller & Co., of Newark,
Sherrard, of Phila¬
delphia, jointly as 1.30s, at a price
of 100.056, a basis of about 1.294%.
Dated March 1, 1945. Denomina¬
tion $1,000. These bonds are due
$10,000 on March 1, 1947 to 1965.
The next highest bidder was the
Prospect
Park
National
Bank,
Prospect Park, as 1.40s, at a price
Other bidders
100.57.
were
sale
Bidder—
Int. Rate
M. Freeman & Co.—
White,
Weld & Co.„
National
Bronx
1.40
Bank,
Cedar
S.
&
Co.,
Allen & Co.,
100.35
and
&
100.10
&
Browning &
100.027
Co.,
and
H. Newbold's Son &
jointly
Minsch,
and
100.51
V/2
100.41
Co.,
«:
Local
W.
100.387
at
months
IV2
&
100.27
a
erty & Co., jointly
A.' Rippel,
Inc.,
V/2
and
Van
Deventer
Bros., Inc., jointly
J.
B.
Hanauer
Buckley
&
Bros.,
lJ/2
the
was
V/2
was
Second
best
of 0.49%, plus
a
of
Additional
defeated,
vestments
Butler
B.
announces
other
its offices,
at
122 East 42nd
St., New York City, until noon
(EWT) on April 5 for the pur¬
chase
of
$3,436,000
temporary
loan notes (issue XII), as follows:
Amount
'
$105,000
210,000
470,000
400,000
400,000
500,000
500,000
Y
500,000
226,000
y
125,000
Maturity
Aug.
Aug.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
14, 1945
14, 1945
18, 1945
18, 1945
18, 1945
18, 1945
18, 1945
18, 1945
18, 1945
Oct. 18, 1945
Y.
Aid
Subways—An
of subway rehabili¬
proposed
on March 25 by Mayor La Guardia in his regular Sunday radio
broadcast. The Mayor said he was
Governor
—
purposes
for Post-War Program—Action: of
Governor
Thomas
March
in freezing in
28
estimated
the
for the
E.
Dewey
$87,000,000 surplus
ending March
31, 1946, increased to $397,000,000
amount of the State's .post¬
the
reconstruction fund. The total
war
previously
stood
$310,000,000
the
Governor's
in
action
earlier
at
of
result
a
as
impounding the
anticipated
$150,000,000
surplus
for the fiscal year which closed on
March 31.
In proposing advance
freeze of the expected surplus for
the
fiscal year
now
beginning,
Governor Dewey told the legis¬
lature that "the surpluses in the
have
come
hurricane of
us
*
*
out of the
*
By hus¬
wartime savings in
post-war fund we can strive to
banding
the
to
war.
our
our
returning
reorganization of the Board of
Transportation in the belief that
the step would achieve "better
efficiency."
steps would require a mes¬
of necessity''frorh the City
control and a greater
Both
our
no
Government facili¬
increased
load
fighting
on
bid of 96 or better for the new
According to the
the
meeting,
the
minutes
100.16
sales
tax
t# 'tie;'submitted
special session--which may
be called as early as May, would
double the present I %, levy now
estimated to yield $32,000,000 a
year.
The entire proceeds of the
three-year
tax would be
marked for the subways.
After the broadcast,
ear¬
the Mayor
briefly with another phase
of the transit problem when he
dealt
that he was mak¬
ing provision in the 1945-46 budg¬
et which he is now preparing for
an
increase in pay long sought
by operational employees of the
Board of Transportation.
He gave
told
no
reporters
further details.
;
upon
men,
women."
and
sY;
Commission Continued—Gover¬
Thomas
March
28
E.
Dewey signed on
bill
continuing until
1946, the temporary
municipal "finance
which
recently issued a report
containing a series of recommen¬
dations
designed
to
strengthen
March
a
15,
on
local financial structures.
>
V.'Y
it' It:
•
North Hempstead
ville
Manhasset-LakeWater District (P. O.^Manhasset),
Bond
Offering
N.
—
h-' *
Y.
Hartford N.
Gunn, Town Supervisor, will re¬
ceive
sealed
bids
until
Hi.A.M.
April 10 for thei pur¬
chase
of $160,000
town coupon
bonds, not exceeding 6% interest.
Dated April 1,1945. Denomination
$1,000.
Due Oct. 1, as follows:
$7,000 in 1946 to 1948; $9,000 in
1949, and $10,000 in 1950 to,|962.
Rate of interest to be in multiples
of %
or one-tenth
of 1%> ,and
must be the same for all of, the
bonds.
Principal
and
interest
(EWT)
to the
on
advance
fiscal year
at
Without go¬
•
$400,006,000
Freezes
Governor
ties
details, the Mayor said
shall be legal for
savings banks investment. A
reconstruct
relationships.
.Dewey
union terminal freight hsfasteamship or marine ter¬
tation after the war was
into
York
or
year program
submitting
Y
New
obligations of the Port iof
Authority issued for
fund
additional
1% sales tax to finance a three-
to
of
York
any
that
Authority will receive sealed
bids
£: '■ Y: Y'
Port
signed recently the Stephens bill
which provides that, subject to
approval by New Jersey, bonds or
minal
Chairman Ed-
>
Authority Bonds Made Legal In¬
tion
—
■'
Governor.
New
Housing Authority,
Y
year
the
prohibition
the taking of deficiency
judgments of foreclosures, •> also
was
approved and sent to the
$1, made by the
County Trust Co. of White Plains.
The
pro¬
borough's financial situation was
described as "precarious," and the
•
Bank of
Council.
An associate of Bioren
of
award¬
Due in three
date.
bid
a
premium
sage
100.17
and
was
for
funding series.
Co.,
Dolphin & Co., jointly.
Board
;.
to
:A, related bill,, continuing" for
of
was
3% refunding issue, which would
consist of general and water re¬
100.232
Julius
Y.
Mr.
A
amorti¬
he would also ask the Legislature
Co., Philadelphia, representing
firm and others, stated that
thef group is willing to guarantee
Co.,
issue
54.
ing
that
and A. Webster Dough¬
Sold—An
from
offer
&
Co.,
Haupt & Co.,
Jointly
Boland,
Saffin
Government
March 19.
Co.,
V/2
&
—
the
amendment
keep the rate at 2%
fiscal
,
Refunding
Proposed
Democratic
interest
for
,
,
Mortgage
—
increases
to 1969,
posed refunding of the borough's
outstanding bonded debt on a 3%
interest basis, as against the pres¬
ent range of 3J/2%
to 5%, was
discussed
at a. meeting
of the
Co.,
—
Monell
Ira
report
bill
refund¬
to 1959
National Park, N. J.
and
jointly
Campbell, Phelps & Co.;
&
financial
a
of
22
commission
he
-
,
The Assembly, idn
approved extension -of
the 11 year old mortgage mora¬
torium until July 1, 1946, and sbnt
it to Governor Dewey.
' C
f
March
it to the special ses¬
sion of the Legislature Governor
Thomas E. Dewey plans to call to
consider
revision
of
state-city
board's consideration.
Sons,;
Reuseh
Bioren
that
the
new
(State of)
Voted
Moratorium
nor
appointed fiscal agent for the bor¬
ough in January, 1945, and was
advised by the State board to pre¬
100.289
l»/3
Fisk
&
of
sources
for the subways.
revenue
presenting the plan "for the sake
of discussion and study" before
3s.
be
declared
Schwamm
YORK
0.38%.
Boston,
and
jointly
Fox,
will
inclusive,
Price Bid
Rogers, Gordon & Co.,
Harvey
Schwamm
basis, with a new issue of
ing bonds, with the 1946
maturities to bear 2%%
and those due from 1960
pare
1.40
Rippel
L.
a
Grove,
jointly
H.
1.40
of
April
on
New York, N.
ning serially to 1971.
This debt
will be replaced, on an exchange
Y
Y.,
Schwamm
of
issue
ed to the First National
Tenth
$4,000 of the borough's outstand¬
ing funded debt, interest rate on
which is 4% and maturities run¬
Bank,
and Schwamm
& Co., jointly
First Nat'l Bank, Montclair, and First Nat'l
J.
1.40%
At
finance
abandoned
study of possible
A
Mayor Would Add 1% Sales Tax
—
not
zation rate from 2 to 3%.
An
—
March 28 and
on
Seventh
Co., New York, disclosed that he
now
owns
or
controls all but
as
been
(P. O. Harrison), N.
Eighth
'Ninth
meeting of the State Local Gov¬
ernment Board on March 19, Mr.
Mc-
Bride,
of
Projected
had
against
Sixth
1.80% Bonds
subway
headache" and indicated
a
he
another
Fifth
Refunding
that
an
Highland, N. J.
Y,
"is still
10.
100.90
$189,000
,
Township Sch. Dist.
(P. O. Cedar Grove), N. J.
Bond Sale—The $190,000 school
coupon
or
registered bonds of¬
fered for sale on March 26—v. 161,
has
sale
held
be
to
Fourth
Schmidt, Poole & Co., Y/Y.Y-'
jointly,
Y.
; Y" >';<•. y
For $189,000 —
100.81
Grove
emphasized that
80 to
Third
Butcher & Sherrerd, and
JERSEY
favorably
was
MEXICO
Election
Second
\
!
recommending
any
specific as the abor¬
tive "transportation tax" he'
pro¬
posed a year ago, Mr. LaGuap(dia
$225,000 power plant and distri¬
bution system revenue bonds will
'Y Y
For
April 3.
of
yet.
as
NEW
Series
1U% Bonds
Co.,
elec¬
date
No
is
as
Extension
election
an
costs
1955,
issue of $15,000
an
athletic field bonds
the
y
jointly,
$7,500 school warrants or bonds,
not exceeding 6% interest will be
submitted to the voters at
Feb. 13
on
mond
100.17
—
1.70% Bonds
For
Stroud &
to
District, N. J.
Voted—At
Bonds
held
First
County School Dist. No. 5
(P. O. Plainview), Neb.
School
Note Offering
$190,000 ———100.18
Pierce
1946
Without
New York
Verona
ycY-V.YyY
jointly, Y
For $190,000
For
from
1,
construction
budget he is now prepar¬
more in succeeding years.
measure
inclusive.
N. Y.
—
National
March
the tax
New York City
Boland, Saffin & Co., and
MacBride, Miller & Co.,
i Y;
"•jointly, Y;Yy-:VyVy:/. ;'YYY
For $189,000
100.53
J. R. Ross & Co.,
&
on
$45,000 certificates was offered for
—
For
Price Bid
Int. Rate
Trust
?
sale
161, p. 1364—were
awarded to Boland, Saffin & Co.,
of New York, as 1.80s, at a price
of 100.073, a basis of about 1.79%.
Dated March 1, 1945.
Denomina¬
tion $1,000.
These bonds are due
Certificates
Minsch, Monell & Co., and
A Webster Dougherty & Co., /
mature
1946
Co., and
$190,000
100.379
Campbell, Phelps & Co.,
Bioren & Co., and
Suplee, Yeatman & Co.,
jointly,
For $190,000 —100.327
E. H. Rollins & Sons,
For $190,000
-100.22
bear
for
28—v.
NEW
100.615
Co., jointly,
For
about
offered
bonds
subway
ing, and
Seaside Heights, N. J.
Sale—The $25,000 board¬
election
—
B. J. Van Ingen &
on
later date.
a
Bond
yyy- Y,. yY'..
jointly,
$189,000
For
$200,000
will
the
1.60% Bonds
Co., and
Harvey Fisk & Sons,
.
at
of
be submittted to the voters at
100.058
—
Ira Haupt &
price of par,
cost
100.137
For $190,000
For
the board
Farmington, N. Mex.
Co.,
that
proposals would
expected to eat $47,900,000 out of
Co.,
$190,000
illusions
no
new
any way solve the basic diffi¬
culty
in administration 4of the
city-owned subway system—the
The
W. E. Wetzel &
under
in
derstanding that this would not
prejudice any determination by
100.144
Trenton Trust
For
Mayor made it clear, that
was
either of his
fact that interest and amortization
determined
Co.,
jointly,
For $190,000
H. L. Allen &
bonds
The
0.50%
a
of
.
.
J. B. Hanauer &
The
he
ordinance could be acted upon by
the Borough Council, with the un¬
on
——100.261
Rippel, Inc., and
Braun, Bosworth & Co.,
Inc., jointly,
For $190,000
100.147
Buckley Bros.,
"
' ,y
Dolphin & Co., and
Frank
awarded
issue
an
York,
Julius A.
City, Neb.
Bank
21
V/2% Bonds
Bank,
$190,000
that
March
irregular.
was
refunding extremely urg¬
this
connection, it was
the outstanding bonds
are
callable May
1, 1945.
The
Local Government Board agreed
that
the
appropriate refunding
In
noted
walk
1.35% Bonds
For
Revenue
Senator
refunding bonds at
a
314%
Interest annually
Dated
May
Optional
were
National Bronx
Sale—The Nebraska City
Bond
Dec.
and
S.
*Bid
is
Y-Y'/YYYv : /YYY'Y:,
Y
Nebraska
Dated
1> 1940.
Due Dec. 1, as
follows: $3,000 in 1957 to 1959,
Newbold's
For
(Syracuse) bill permit¬
cities and villages owning
and operating public utilities to
finance extensions and improve¬
ments for the utilities through is¬
suing combined revenue bonds,
has been passed by the State Leg¬
16,000 Decatur, Refunding, 3%%
bonds.
H.
Other bids
ting
N.
*
W.
Philadelphia, jointly
at a price of 100.147, a
Sorrell's
$4,000 in 1941, $5,000 in 1942
1955, and $6,000 in 1956 to
awarded to
of
,
Legislature, Approves
M.
1960.
p. 1254—were
Kidder Co., of
1477
need of
ent.
New York,
Son & Co.,
as 1.40s,
basis of
1.385%.
Dated April 1, 1945 and
due April 1 as follows: $6,000 in
1946: $9,000 from 1947 to 1966 in¬
clusive, and $4,000 in 1967.
and
follows:
to
t;
M.
property
Nebraska
to the bonds and delivered to
May 1, 1940. Due May 1,1960.
Optional May 1, as follows:
Y.
161,
and Butcher &
1941.
Due Jan. 1, as
follows: $2,000 in 1946, $3,000
in 1947 to 1951, $4,000 in 1952
Jan.
the
to
negotiable. However, legisla¬
tion authorizing the sale of the
bonds by the Educational Fund
provides for a copy of the Board's
resolution signed by the Secretary
of State under seal, to be attached
Cedar
't19,000 Holbrook,
notice
a
not
to 1951, and $1,000 in
1952 to 1960. Optional Dec. 1,
58,000
it is
of
State
1949
Y
carries
that
effect
the
pay-
Refunding,
Tren¬
.
date.
11,000 Holbrook,
3V\%
bonds.
v.
1931. Due March 1,
1951, optional March 1, 1941.
Harris
YY $4,000 in 1954. Bonds maturY
ing in 1949 to 1951 are op-
Township (P. O.
ton), N. J.
Bond Sale—The $190,000 sewer
of 1945 bonds offered March 20—
March 1,
Bidder—
1948.
to
17,000 Clarks, Refunding, 3 and
4%% bonds.
Interest F-A.
Dated Aug. 1, 1937. Due Aug.
1, as follows: $1,000 in 1949,
$3,000 in 1950 to 1953, and
,
1,800 Moorefield, Water Exten¬
sion, 414% bonds.
Interest
annually
March
1.
Dated
National
County,
School
District No. 70, ^Vz% bonds.
Interest J-J.
Dated, Sept. 1,
1928.
Due July 1, 1953.
4,000 Frontier
County, School
Y
District
No.
70, 6% bonds.
Dated
Due March 1,
1951, optional March 1, 1936.
1,
Clay
5,000
M-S.
March 1, 1931.
1946
1,
Water, 4^2%
Interest
bonds.
Hamilton
A.
Moorefield,
12,000
of
28,000 Oakland, Refunding, 3lk%
following bonds
$7,500 Moorefield, Electric Trans¬
mission, 4 J/2% bonds.
Inter¬
est M-N.
Dated May 1, 1927.
Due May 1, 1947.
„
Jan.
The
—
not sold:
were
County,
2,
3%
No.
3%
Dated
Oct.
follows:
5,000
Funding,
Interest A-O.
bonds.
15, 1935. Due Jan. 1, as
$2,000 in 1946, and
June
Burchard,
7,600
Dated
J-D.
Interest
bonds.
4%
Refunding,
Lyons,
8,000
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
.Volume 161
on
(A-O) payable at the Port
Wash¬
ington National Bank & Trust Co.,
Manhasset
Branch,
Manhasset.
The
approving opinion
of Reed,
Hoyt & Washburn of New York,
will be furnished the purchaser.
Enclose
a
certified check for $3,-
200, payable to the Town.
THE COMMERCIAL & FINANCIAL CHRONICLE
1478
Port of New York
Sale—The
Bond
Authority, N. Y
issue of $12,-
and
Certificates
Awarded—The
of $1,000,000 tax
sue
by
Blair
Co., Inc., "
Ingen & Co., Inc.,
Stranahan, Harris & Co., Inc.,
pledge of moneys con¬
by Guilford County for
school debt service, such pledges
Utica, N. Y.
side
&
Warren,
Incorporated;
Seasongood & Mayer; The Robin¬
son-Humphrey
Company;
The
Ohio Company; J. R. Williston &
Monday, April 2, 1945
a
tributed
is¬
anticipation
000.000 ninth series general and
certificates of indebtedness offered will be those which are set forth
'refunding bonds offered March 28
March 27
was
awarded, to the in the resolutions adopted by the
Co.
—v. 181, p. 1365—was awarded to
Chemical Bank & Trust Co., New City Council oh Feb. 22, 1945, and
a
Unsuccessful
Bids—The Port
syndicate headed by Blyth &
York, at 0.35% interest.
Dated March 5, 1945.
Co., Inc., N. Y. City, as IVzS, at a Authority received five other bids
March 28, 1945 and due July 28,
price of 99,15, a basis of about for the bond issue, as follows:
Bonds Publicly Offered—In reThe
1.534%.
bonds
are
dated
April 1, 1945 and mature on April
1, 1985.
Subject to redemption
prior
to
April 1,
1955, only
through
the
operation
of the
Sinking Fund created and estab¬
lished for the Ninth iSeries bonds.
Subject ' to this limitation, re¬
deemable, in whole or in part, at
option of the Authority, on
interest payment dates at 101 be¬
ginning ort April 1, 1950, and
thereafter and on or before Oct.
the
1, 1959; at 100 Vz thereafter and on
or before Oct. 1, 1964, and at 100
thereafter to maturity.
Payments
will be made into the Ninth Ser¬
ies Sinking Fund commencing
1949 at
in
rate or rates which on a
a
cumulative basis will be suffi¬
cient to retire all Ninth Series
Mellon
Sec'tles
Barr
Bros.
Drexel
Co.;
&
below, at
crued
price of
a
par
The
interest.
and ac¬
bonds
were
quickly distributed by the group
as a result of the heavy demand
that prevailed for the issue in in¬
circles.
vestment
T-i*
Financing
Collateral
dent
Port
with
the
bond
—
Coinci¬
award,
the
Authority,
Payable at the Chemical
and Trust Co., New York,
legality approved by Wood,
Hoffman, King & Dawson of New
Int. Cost
and
John
York.
Co.) Cotfin & Burr; Braun,
Bosworth & Co., Inc.;
Nuveen
&
Bank
Co.;
&
Barr
Lau¬
Marks
M.
rence
&
of
YfYY'Y
Mackey, Dunn & Co.
associates
and
to
Trust
99.079
1.53684
A.
on
—were
awarded
to
from
1956, inclusive, at prices
from
0.50%
1.50%,
to
to
-v:":■
97.50.
Co.
&
Geo. B. Gibbons & Co.,
C. F. Childs & Co.,
~
to
Butcher & Sherrerd
lowing
three
bonds
(1)
types:
of payment prior
and
without
any
Fisk &
New
1946 to
1950
stitution
inclusive.
purchased
Each
in¬
$7,000,000
of
Proceeds of the bond
the notes.
within the Port District centering
and $13,000
make
Coffin
note
eral and refunding bonds, sixth
series, due in 1975, and callable
on Dec. 1, 1945, at 103.
The Au¬
thority decided to provide for the
refunding at this time because of
the exceptionally favorable status
588,000
refunding bonds, of which $162,950,000 will be outstanding as a y:'v
of the current award, are
result
;
secured
enues
by
of
a
the
pledge of net rev¬
George Washington
Bridge, Holland Tunnel, Bayonne
of the market for its bonds.
This Bridge, the Arthur Kill Bridges
(Outerbridge Crossing and Goewas reflected in the fact that it
was able to market the new issue thals Bridge), Lincoln Tunnel and
of 40
year
IV2S at
a
record low
the
Port
Building,
net interest cost.
Another indication of the cali¬
facilities
Authority
and
479,000 school bonds. For $75,000
maturing
$15,000
April
1,
1946 to 1950, as 6s, and $404,000 maturing April 1, $15,000
in 1951, $30,000 in 1952 and
1953, $20,000 in 1954, $25,000
in 1955 and 1956, $30,000 in
1957 to 1962, $25,000 in 1963,
$30,000 in 1964, and $24,000
in 1965, as IV2S.
Commerce
of any additional
which may be financed
through the medium of general
refunding bonds.
In 1944, 27,234,761 vehicles used
tion among the six bidding groups
facilities,
compared
for the issue* Thus while the ac¬ Authority
Gross
cepted tender of the Blyth & Co. with 21,986,513 in 1943.
of
group for example, was based on operating revenue, exclusive
revenues
of the Port Authority
a net interest cost to the bi-State
Grain Terminal, last year totaled
agency of 1.534% (for an average
bre of the Authority's credit was
available in the keen competi¬
and
of $17,557,509; net operating rev¬
Corp. syn¬ enue, after operating and general
$12,908,687; and
net
dicate, Which was 99.079 for W2S, expenses,
revenue available for debt serv¬
figured a net cost of 1.53684%.
Underwriters
In addition to ice, $13,345,609. . Interest on debt
amounted to $5,405,569, leaving a
Blyth & Co., the successful syn¬
balance of $7,940,040.
In 1943,
dicate
included
the
following:
gross operating revenue was $14,Goldman, Sachs & Co.; Stone &
749,318, net operating revenue
Webster^ and Blodget, Incorpor¬
$11,138,031, net revenue $11,448,ated; Paine, Webber, Jackson &
438; interest on bonded debt $4,Curtis; Equitable Securities Cor¬
901, 741, and balance after interest
poration; L. F. Rothschild & Co.;
A. G. Becker & Co., Incorporated; $6,546,697.
Bapon, Stevenson & Co.; Chas. E. Triborough Bridge Authority, N. Y.
Weigold
&
Co.,
Incorporated;
Original
Debt
Called—The
Dqminick & Dominick; Harris, Bridge Authority has called for
Hafl & Company, Incorporated; redemption on April 27, 1945, all
B. W. jPressprich & Co.; Geo. B. of its 2%% serial revenue bonds,
Gibbons & Co., Inc.; Yarnall & due Feb. 1,1946, through 1952; all
Co.;
Boland,
Saffin
&
Co.; of its 3% serial revenue bonds,
Elaredge
&
Co., Inc.;
Baker, due Feb. 1, 1953, through 1975,
,"Weeks & Harden; R. H. Moulton and all of its, 3,%% sinking fund
& Company; Hannahs, Ballin & revenue boiids, due Feb. 1, 198Q,
Bee; Gregory & Son, Incorpor¬ at 104 V2 and accrued interest.
ated; Hayden, Miller & Co.; C. F.
Immediate
payment
will
be
Childs and Company.
made on the serial revenue bonds
Also
at the principal office of Central
Hellafr, Bruce & (Co.;
Minsch,
Mohell & Co.; Stern Hanover Bank and Trust Co., pay¬
Brothers & Co.; The Illinois Com¬ ing agent, and on the sinking fund
pany of Chicago; R. S. Dickson & revenue bonds at the principal
Co., Inc.; Farwell, Chapman & office of the Marine-Midland Trust
Co.; H..L. Allen & Co.; Wheelock Co. of New York.
& Cummins, Inc.; Dolphin & Co.;
Trustee and Registrar—The
J. M. Dain & Company; The First Chemical Bank &
Trust Co., New
Cleveland Corp.; Townsend, DabYork, has been appointed trustee
uey & Tyson; William R. Staats and registrar for the recent new
Co.; Fahey, Clark & Co.; Martin, issue of $110,000,000 revenue
Burns & Corbett, Inc.; Mullaney,
bonds, issue of 1945—v. 161, p.
life of 25
years), the
2,230,000 street bonds. For $325,000 maturing $65,000 April 1,
1946 to 1950, as 6s, and $1,905,000
maturing
April
1,
$65,000 in 1951, $130,000 in
1952
and
1953, $100,000 in
1954, $120,000 in 1955 and
1956, $130,000 in 1957 to 1962,
$120,000 in 1963, $150,000 in
1964, $130,000 in 1965, and
$60,000 in 1966, as l^s.
I
runner-up
the Mellon Securities
—
.
Boss & Company; Chace, White¬
sewer bonds.
For $75,000
maturing $15,000 April 1, 1946
to
1950, as 6s, and $513,000
maturing April 1, $15,000 in
1951, $32,000 in 1952, $40,000
in 1953, $30,000 in
1954 Ao
1956, $40,000 in 1957 to 1962,
$30,000 in
1963, $45,000 in
1964, and $21,000 in 1965, as
v
*•
v
H. V.
1254.
The bid of
Co.
and
Campbell, Phelps &
Associates
was
for
type
3
bonds, which provides that they
are
subject to prior redemption
general
obligations of the City and further
secured by a pledge.of electric
revenues and of moneys contrib¬
uted
by
Guilford
County
for
school debt service.
The optional
provision follows:
The bonds
ma¬
turing after April 1, 1950, will be
subject to redemption on April 1,
1950,
interest payment date
thereafter prior to their respective
or any
maturities, at the option of the
City, either in whole or in part,
in the inverse order of their
turities, at
terest, plus
par
an
and
ma¬
accrued
in¬
additional interest
payment in the form of a redemp¬
tion premium of 3% if redeemed
on
or
prior to April 1, 1955, 2%
if redeemed thereafter and
on
or
prior to April 1, 1960, 1% if re¬
deemed thereafter and on or prior
to April 1, 1965, and without pre¬
mium if redeemed thereafter and
before maturity.
If the bonds issued
are
secured
by a pledge of electric revenues,
.
jointly,
!
•
,
••
•,
For $500,000, 6s,
;
>
i
$1,400,000, 2s, and
,
t
$1,435,000, 13/4S
100.00?
(Net interest cost 1.996%.)
>
-v.l
I
Bond Call—Roy
J
!
S. Braden, City
:
j:
L
Sr"
1975, are being called
May 1 at the Irving Trust Co., New York City, or
at the Wachovia Bank & Trust
1952 to
t
i
y
Point." Interest ceases >
'
* '
' ' ;
Co., High
date called.
on
.
Southern
;
V
.
-
,
Pines,
N. C.
[
Bond Offering—W. E. Easterling, Secretary Local Government
Commission, will receive sealed
bids at his office in Raleigh until
II
v
!
(EWT) on April 3 for the
purchase of $12,000 recreation fa¬
cilities coupon bonds, not exceed- .
ing 6% interest.
;
ya.m.
.
J
;
:
Dated March
1,1945. Denomina^ tion $1,000.
Due $1,000 March 1, ■■
1947
to
1958.
Payable in New
York
City.
Registerable as to
principal
only; general obligations; unlimited tax; delivery at
place of purchaser's choice. Bidders are requested to name the "
interest rate or rates in. multiples
of Vi of 1%. Each bid may name
one
rate for part of the bonds
(having the earliest maturities)
York,
Kidder, Peabody & Co.,
R. W. Pressprich & Co.,
Stroud & Co.,
City National Bank &
Trust Co., Kansas City,
National Bank of. Commerce,
'
New Orleans, and
Robinson-Humphrey Co.,
jointly,
For $500,000 5s,
"
$2,200,000, l%s, and
$635,000, IV2S
y
100.00
(Net interest cost 1.796 %.)
-
;
!■;■
f,
/
j
^
two
rates, and each bidder must
specify in his bid the amount of
will
'
J
\\
add another rate for the balance,
but no bid may name more than
of
bonds
Chemical Bank & Trust Co.,
be
each
rate.
awarded
to
The
the
]'
\
bonds
bidder
offering to purchase the bonds at
Goldman, Sachs & Co.,
the
Corp.,
Co.,
»'
Alex. Brown & Sons,
lowest
interest' cost
to
the
\
Town, such cost to be determined
by deducting the total amount of
the premium bid from the aggre-!
'S.y\"
Estabrook &
v
\
\
gate amount of interest
upon all
of the bonds until their respective
maturities.
No bid of less thaii
;W. Craigie & Co.,
Milwaukee
»
,
I,
(Net interest cost 1.7323%.)
Thomas &
.
for payment on
Chase National Bank,
F.
,
Manager, has announced that the
various $3,335,000 refunding bonds
dated May 1, 1940, maturing May'
jointly,
For $500,000 6s,
$650,000 2s, and
$2,185,000, IV2S ___^_____100.00
N'ew.; York,
■,
Park-Shaughnessy & Co., and
Bohmer-Reinhart & Co.,
•
Co.,
Union Securities
.
Miller, Kenower & C.o.,
Co. of Omaha,
•
..
-
,
Seasongood & Mayer,
Allison-Williams Co.,
'
•New: York,-
;
;
Securities Co.,
Chicago,
Graham, Parsons & Co.,
Blyth & Co.,
and will be unlimited tax
;
"
;
National
.
.
Dempsey-Tegeler & Co.,
McDonald & Co.,
^
Channer
.
New
/
Heimerdinger,,
Co., Winston-Salem, and
Arnold,
jointly,
For $500,000 6s, and
$2,835,000, lV2S-_r_J_.„_100.05
(Net. interest cost 1.66578%.)
S. Ashmun
Co.,
Sattley & Co.,
Mullaney, Ross & Co.,
M. B. Viek & Co.,
YY;.;y:v
Milwaukee,
Eastman, Dillon & Co.,
R. S. Dickson & Co.,
Equitable Securities Corp.,
Paine, Webber, Jackson &
Curtis,
McDaniel Lewis & Co.,
Mackubin, Legg & Co.,
Provident Savings Bank &
Trust Co., Cincinnati,
Charles Clark & Co.,
Townsend, Dabney & Tyson,
and •'
■
& Weeks,
Walter, Woody &
Kirchofer &
C.
^
Burr,
W. H. Newbold's Son &
Wachovia Bank & Trust
as
&
Hornblower
Blodget, Inc.,
Wisconsin Co.,
1952,
issues, plus cash on ties and to borrow money upon
its bonds or obligations for the
hand, will be used by the Port
Authority in the redemption of construction and acquisition of its
facilities.
All. of its general and
$28,422,000 3% outstanding gen¬
and
maturing April 1,
1951, and $8,000 in
IY2S.
$5,000 in
charges for the use of the facili¬
'
Leedy, Wheeler & Co.,
Dolphin & Co., and
Nashville Securities Corp.,
'
;
-jointly,
•
T
■ +
For $3,335,000, 2S-___-.100.2§9
(Net interest cost 1.9824%.)
Shields & Co.,
F. S. Moseley & Co.,
—
about New York harbor, to
■
Inc.,
maturity
pledge of electric revenues or of Julien Collins & Co.,
"
Robert Hawkins & Co.,
moneys contributed by Guilford
County for school debt service or Newburger & Hano,
*
(2) bonds with option of payment Barcus, Kindred & Co., ;
prior to maturity and without any Leftwich & Ross,
according
to
S.
Cullman,
of
Philadelphia, at a price of
Smith, Barney & Co.,
signed a contract for sale to the porate instrumentality created in
a
net
interest
rate
of
by
compact between the 100.07,
National City Bank and the Chase 1921
Phelps, Fenn & Co.,
1.664103%, as follows:
States
of New York and New
National Bank, both of New York,
Mercantile-Commerce Bank
It is authorized to pur¬ $38,000 municipal building bonds.
at par, of $14,000,000 1% series Jersey.
& Trust Co., St. Louis,
For $25,000 maturing $5,000
H notes, dated April 1, 1945 and chase, construct and operate ter¬
Braun, Bosworth & Co., Inc.,
minal or transportation facilities
April 1, 1946 to 1950, as 6s, Stone & Webster and
due $2,800,000 on April
1 from
Howard
Chairman
v./;
.1
without option
161, p. 1255
a
syndicate
composed of Campbell, Phelps &
Co.
of
New ' York,
Commerce
Union Bank, of
Nashville, Harvey
(for
/
'
,
V
Sons, Allen & Co., both of
York, Fox, Reusch & Co.,
of
li/2S)
97.92
1.5828
Cincinnati, Scott, Horner & pledge of electric revenues or of
Mason, of Lynchburg, Tripp & moneys contributed by Guilford
Halsey, Stuart & Co.;
Ladenburg, ThaiCo., of New York, Crouse, Ben¬ County for school debt service or
mann
&
Co.; Blair
nett, Smith & Co., of Detroit, (3) bonds with option of payment
& Co., Inc.; HangarFirst Securities Corp., of Durham, prior to maturity and secured by
ten
& Co.;
Dick &
Merle-Smith; E. H.
Kalman & Co., of St. Paul, Lyons a pledge of electric revenues and
Rollins & Sons; B. J.
of moneys contributed by Guil¬
&
Shafto, of Boston, McDougal
Van
Ingen &
Co.;
ford County for school debt serv¬
&
Condon
of
Shields & Co.,
and
Chicago, Peoples
Otis & Co. and asso¬
National Bank, of Charlottesville, ice. ' '
ciates (for l'/2i>)-~~
97.3177
1.6072
Pohl & Co., of Cincinnati, Ryan,
As already noted, the accepted
Bear,
Stearns & Co.
Sutherland & Co., of Toledo, J. bid of the Campbell, Phelps syn¬
(for l'/2s)
96.5299
1.6388
M. Dain & Co., of Minneapolis, dicate
was
for. type
3
bonds.
Salomon Bros. & HutzMcDonald, Moore & Co., of De¬ Other bids on that basis were as
ler (for ls/»s(
98.339
1.6914
troit, Vance Securities Corp., of follows:
Port Authority Revenues—The
Port Authority is a municipal cor¬ Winston-Salem, and Bioren & Co., First Boston
Corp.,
Hutton
Co.,
Sons,
& Co.,
Piper, Jaffray & Hopwood,
jointly,
*
%
For $500,000, 4s, and
$2,83j5,000 l%s _-.____.100;019
(Net interest cost 1.83339%.)
^
Halsey, Stuart & Co.,1
Hallgarten & Co.,
Hemphill, Noyes & Co.,
quested bids for bonds of the fol¬
Details—The $3,335,refunding bonds offered for
March 27—v.
and1. ■■'
Basls of Bidding—The city re¬
000
&
bonds maturing
v"
.
underwriters
those due from 1957 to 1960,
down
sale
Smith, Barney
Co.; First Boston
Corp.; Kidder, Peabody & Co.; Lehman
Bros.; Lazard Freres
& Co.; White, Weld
& Co.; Union Securi¬
ties Cofp.; Estabrook
&
Co., and W. E.
Inc.;
to
C. Allyn
Stifel, Nicolaus & Co.,
Otis & Co.,
Bacon, Stevenson & Co.,
Eldredge & Co.,
\
A. Webster Dougherty & Co.,
inclusive, at dollar prices of 99.50
r
Bond Sale
Harriman Ripley & Co.,
Associated
yield
and
High Point, N. C.
(for
1»/2S)
&
NORTH CAROLINA
.
Co.; Tripp & Co., and
1946
Boston, 0.36%;
Bank
and
offered the
First National
Central
Co., and
Bros. & Co., jointly, 0.37%.
Hanover
Gruntal & Co.; A. M.
Kidder
Other bids:
Inc.
Nuveen &
E. H. Rollins &
offering the issue for public sub¬
scription, Campbell, Phelps & Co.,
Bank
'
Corp.;
&
Co.;
John
1945.
Net
Bid
Interest Rate—
—
bonds by maturity.
Bonds Publicly Offered — The
new issue was re-offered by Blyth
& Co. and associate underwriters,
all of which are listed further
Price
Bidder and
&
J. Van
B.
Co.,
Co.,
Martin, Burns & Corbett,
Kebbon, McCormick & Co.,
|
par
and
accrued interest will be
entertained.
In
the
event
*
J
that
prior to the delivery of the bonds
and
the
Rambo, Keen, Close &
Kerner, jointly,
For $500,000, 6s,
$1,600,000, lV2s, and
$1,235,000, ls/4s
—
(Net interest cost 1.8036%.)
income
holders
received
from
bonds
by
private
of the
type and character shall be taxable by the terms of an^ Federal
100.042
income tax law, the successful bidder may at his
election, be
of his
(
%
same
relieved
obligations under the con-
u
;
<
Volume
tract
week ago.
purchase the bonds and,
case, the deposit accom¬
to
such
in
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4373
161 :
bonds
panying his bid will be returned.
approving opinion of Reed,
Hoyt & Washburn, of New York,
will be furnished the purchaser,
Enclose a certified check for $240,
Winston-Sale'm,
<
Offering—W.
Bond
E.
and
•
coupon
Easter-
4%
$4,000
Denomi¬
nation $500. Due Oct. 7, 1947.
4,900 4%
improvement bonds,
Dated May 15, 1940. Denomi¬
nation $1,000, one
for $900.
Due May 1, as follows: $1,000
in 1947 to 1949, and $900 in
$198,000
Due April
1, as follows: $15,000 in 1969
to 1972, and $14,000 in 1973.
Denomina¬
tion $1,000. Payable in New York
/City.
General
obligations;
unlimited
tax;
registerable as
to
principal only; delivery at place
of purchaser's choice. A separate
bid for each separate issue (not
less than par and accrued inter¬
est) is required. Bidders are re¬
quested to name the interest rate
1%|
rates, in multiples of'34 of
each
bid
rate for
one
name
may
■part of the bonds of either issue
(having
the
maturities)
earliest
and
another rate for the
but
no
each
bid
may
bidder
bonds
the
to
than
of bonds of
tfce lowest
interest
City, such cost to be
determined by deducting the total
,
amount of the
the
premium bid from
amount of interest
alLof the bonds until their
(respective maturities. In the event
that prior to the delivery of the
aggregate
upon
the
bonds
•
received
income
:
be
taxable
the
by
Federal income
terms
tax
of
any
law, the suc¬
cessful bidder may, at his election,
be
relieved
of ..his
obligations
•
under the contract to purchase
the
case, the deposit accompanying his bid will be
returned.
The approving opinion
of Reed, Hoyt & Washburn, of
New York, will be furnished the
(purchaser.
Enclose
a
certified
'. bonds
and
in
such
•
? check
'
for
State
$3,960, payable
the
to
Treasurer.
vf
$12,000,000
bonded debt of
noon
(EWT),
special assessment bonds. Interest
rate is not to exceed 4%, payable
J-D.. Denomination
$500. Dated
bond
for
bill
interest
in
1951, and
$1,000 in 1952 to 1955. Rate of in¬
terest to be in multiples of 34 of
$500
Prin.
1%.
•
.'Athens
1946 to
int.
and
Natl.
Bank.
payable
at
No
bids, for
legs than par and accrued inter¬
est. Legality approved by Squire,
Sanders & Dempsey of Cleveland.
Enclose a certified check for $200,
;
.
payable to the City..
Sale—The
Bond
$39,000 build^
ing bonds
offered 'March 22—^
161, p. 1255—were awarded^to
'V.
Fox, Reusch & Co., of Cincinnati
-134s, .at a price of 100.02, a
basis of about 1.247%.. The bonds
.as
are
dated April 1,1945
$1,000
1946
April."T
to
1964
and
and mature
Oct. 1 from
inclusive
and
$500
April 1 and Oct. 1,, 1965. Second
'high bid of 100.02 for 134s was
made by Ohio Co. of Columbus.
Ohio
March
on
homa
sold
Is, at
of about
due
are
First
Election
Bond
(State of)
Bond
'■
\
;'j
An >
issue.;, of
March
on
election
bonds
These
27,
x
due in 10 years.
$15,000 bus and
building bonds offered March 26
sold
about
at
1.08%.
The
inclusive, and
on
an
i
of
issue
$135,000 water distribution system
and treatment plant bonds will be
submitted
to
the
on
the
at
voters
election to be held
)■
April 17.
,
No. 16
Bonds Voted—At
a
recent elec¬
tion the voters authorized an issue
of $5,000
compared
with
1.25%
-
a
posited with the bid. These bonds
are
issued subject to the favor¬
opinion of Townsend, Elliott
of Philadelphia, and
will be delivered to the purchas¬
able
&
Munson
er
only if and after the proceed¬
of
Port
Bond
v
The
I
,
.
,
,
.
have
Dalles, Ore.
Offering—W. F. Darnielle,
of
the
of
Board
Com¬
receive
sealed
bids until 11 a.m. on April 2 for
the purchase of $135,000 not to ex¬
ceed 6% interest general obliga¬
tion bonds. Dated Jan. 1, 1945. In¬
terest J-J. Due $5,000 on Jan. 1
and July 1 from 1946 to 1958 in¬
clusive, and $5,000 Jan. 1, 1959.
No bids for less than par will be
considered and proposals must be
accompanied by a certified check
for 2% of the bonds bid for. Legal
opinion of Teal, Winfree, McCulloch, Shuler & Kelley of Portland
missioners,
be
will
furnished
the
Enclose
successful
bidder.
of
Internal
certified
a
by
Af¬
check
payable
Treasurer.
the
to
County
/
Would Increase
Debt Limit—A
limit the city's bor¬
to 12V2% of the
assessed valuation of real
proposal to
rowing
power
average
in¬
of com¬
bined realty and personal property
valuation for one year, has been
estate
for
10-year
a
period,
stead of the present 10%
presented to the State legislature
Senator
George Woodward,
Republican, of Chestnut Hill. The
has
over
which
ed down on
bonds
Opinions Delivered
Supreme Court hand¬
March 21, its opinion
which
were
Jan. 23, to a group
Blakely, Pa.
Borough
Secretary will receive sealed bids
until April 9 for the purchase of
Offering
—
The
$13,500 refunding bonds.
interest in
sale
$8,000
at
Burgwin, Scully & Church¬
ill, of Pittsburgh. Enclose a cer¬
tified check for $1,500, payable to
the District.
Reading
Note
School
O.
An¬
derson, District Secretary, will re¬
ceive
sealed
bids
until
8
p.m.
April 26 for the pur¬
chase of $175,000 temporary gen¬
eral obligations notes.
(EWT)
Bill
Denomina¬
$50,000, one for $25,000. Due
Aug. 15, 1945. Subject, however to
the right of the School District to
redeem any or all of said obliga¬
tions at par and accrued interest
at any time on or after July 2,
1945, upon 48 hours' notice. Bids
Dated May 1, 1945.
at
of the above rates of
any
interest but
different
Interest
no
bid combining two
will
rates
be
accepted.
payable at maturity un¬
obligations are called for
less the
These obliga¬
prior redemption.
will
tions
be
highest
sold to the
responsible bidder provided such
bid is not less than par and ac¬
crued interest, and will be pay¬
able from ad valorem taxes with¬
in the taxing
limitations imposed
by law upon
this class. The
school
districts of
construction
Temporary
these
purchaser to the
deposited
with, the bid. These obligations are
entitle
and
return
of
amount
the favorable
opinion of Townsend, Elliott &
Munson, of Philadelphia, and will
be delivered only if and after the
issued
subject
to
proceedings authorizing the
thereof have been
ance
issu¬
approved
by the Department of Internal Af¬
fairs.
Enclose a certified check
for
2%,
payable
to
District
the
Treasurer.
highway
rejectee! by the
Meridian
Highway
authorizing
bonds to
issue
an
the
cover
Scran¬
Co.
Urged—The Federal Water and
Gas Co. is conducting a publicity
circulat¬
ing in the area .served by its
subsidiary, the Scranton - Spring
Brook Water
Service Company,
suggesting that the facilities of
the $46,000,000 water system be
acquired by a rpunicipal water
authority or authorities.
Pointing
•.
.
Knox County
(P. O. Knoxville),
T enn.
School Construction Bonds Au¬
thorized
Governor
—
McCord
is
said to have signed a
bill author¬
izing the County Court to issue
up
to
$1,000,000
in bonds for
school construction.
, V:!
.
o
;.
*
t
■
•
Lauderdale County (P. O.
Ripley),
Tenn.
Legality Approved—An issue of
$60,000 11/2% semi-annual county
jail bonds has^heen approved as
to legality by Charles & Trauernicht, of St. Louis.
•
'
Nashville, Tenn. '
Bond
Referendum
Issue
March 20
into
Asked
ordinance
an
was
City Council
the
referendum to vote
street, sewtr
and bridge construction bonds, li
these bonds are passed by the or¬
dinance after three readings the
calling for
an
a
issue of $3,000,000
election
be held in May or
;
may
June.
TEXAS
Andrews Indep.
Bond
Sale
a
Sch. Dist., Tex.
Details—The
$300,-
building bonds awarded re¬
cently to B. V. Christie & Co., of
Houston, and the Columbian Se¬
curities
Corp. of
San Antonio,
000
jointly and consisting of $135,000
l%s, and $165,000 134s, as report¬
ed in v. 161, p. 1144, were sold
for a premium of $28.75, equal to
100.009,
a
net interest cost of
:'
~
Dallas, Texas
Water
campaign in newspapers
Bridge
and
of revenue
has beeh*1
cost
TENNESSEE
Municipal Acquisition of
Brook
per¬
passed by the Legislature.
1.2776%'.
Spring
,
■
bill
Passed—A
mitting the City to purchase the
Scranton, Pa.
-
indebted¬
Yankton, S. D.
the
the
of
$2,000,-
post-war
was
Bill
Bond
introduced
Obligations will, at the election
of the purchaser, relieve the pur¬
chaser from his contract of sale
re¬
authorize
to
Legislature.
legislation which in terms, by the
repeal or omission of exemptions
or
otherwise subjects to a Fed¬
eral income tax the interest on
obligations of a class or character
^
Warner,
to
up
certificates
to finance
—On
includes
issue
in
Temporary Obligations of Federal
which
bill
the
to
ness
enactment, at any
prior to the delivery of the
time
State
W.
Credit Board,
Rural
that
ports
will be received for the entire is¬
sue
held
ii
Rejected—W.
Director
on
tion
the
to
to1 be
South Dakota (P. O. Pierre)
000
Pa.
District,
purchase
field
election
April 17.
on
the
Offering—Russel
*
issuer of
submitted
be
an
'?
An
—
landing
will
awarded
on
headed by the
out
that
Sale
Bond
bonds
awarded to
of
—
offered
Glore,
a
The
J
.
$1,540,000
March
28;
were
syndicate composed
Forgan
&
Co.,' New
York, Stroud & Co., Philadelphia,
Commerce Union Bank of Nash¬
ville, Harvey Fisk & Sons of
New
York, and Barcus, Kindred & Co.
of Chicago, as Is, at a price- 01
100.777, a basis of about 0.922%;.
Sale consisted of:
a
the SEC, the ad¬
that municipal
1965 inclusive. Voted Dec. 15,
purchase of the system would be
facilitated by immediate purchase
of the outstanding common stock
of the company, all of which is
now
owned by Federal Water &
Gas. The Scranton-Spring Brook
is described as the largest pri¬
300,000 park improvement, serifs
No. 182.
Due $15,000 on May
1 from 1946 to 1965 inclusive.
vertisements state
vately-owned water system in the
country, serving more than 600,000 customers in Scranton,
more,
511.
Election
Bond
bonds
The court had ap¬
proved the issue prior to the
award, and announced that a com¬
plete
opinion on the question
p.
Howard, S. D.
voters
ion of
1
DAKOTA
SOUTH
of the 'proceedings
Barre,
161,
16, the $15,000 refund¬
ing bonds were approved by the
Department of Internal Affairs.
Department of Internal
Affairs. The Borough will provide
the bonds and the approving opin¬
the
by
—
On March
rate of
name
multiple of 34 of 1%.
the bonds is subject
a
of
to the approval
First National Bank of Chicago—
v.
to
:
■
order issued by
Pittsburgh, Pa.
—The State
j
Springdale, Pa.
. •
Refunding Bonds Approved
proposed
by the legislature.
Bond Issue
and, in the latter
reported that the
company
has already made ar¬
rangements
for
an
investment
banking syndicate to underwrite
the issue in the event of municipal
acquisition of the facilities.
is
a
similar
period of years,
have been rejected
Senator
measures
of
Bidders
1965.
The
Gas
it
reorganization
of $500,000 street opening and widen¬
ing, series No. 181. Due $25 Scranton-Spring
Brook is im¬
000 on May 1 from 1946 to
minent pursuant to a divestment
by
all
in
ton
Philadelphia, Pa.
s
Russo,
will receive
(EWT) on
April 9 for the purchase of $75,000
school coupon bonds. Dated April
1, 1945. Denomination $1,000. Due
April 1, as follows: $4,000 in 1948
to 1958; $5,000 in 1959 and 1960;
$4,000 in 1961 to 1964, and $5,000
&
Secretary,
sealed bids until 7 p.m.
of the face amount of the
bonds,
upholding the city's authority to
issue
the
$1,500,000
refunding
PENNSYLVANIA
Bond
issuance
approved
been
.,
Department
fairs.
|
the
authorizing
ings
school building comple¬
tion bonds.
relieve
purchaser from his obligations
of
and entitle the purchaser to
the
return
of the amount
de¬
for 2%
(P. O. Fair view), Ore.
the
sale
the
Multnomah County Sch. Dist.
at
under the terms of the contract
thereof
OREGON
bonds,
these
the
'
Election —An
will,
election of the purchaser,
Sapulpa, Okla.
Bond
character which in¬
cludes
author¬
election
were
or
ma¬
bonds
by the voters at
Feb. 14. - '
class
a
cost
interest
net
a
of
$1,500 annually from 1948 to
and yields
1.23%,
legislation which in terms, by the
repeal or omission of exemptions
or otherwise, subjects to a Federal
income tax the interest on bonds
Geary School District, Okla.
cinnati, reported on March 28 as
Prices continue to rise,
continue to go to lower
the
Ohio
municipal
market.
Our index of the yield
on 20 Ohio
bonds now stands at
actment, at any time prior to the
delivery of the bonds, of Federal
j
follows:
in
payable from unlim¬
ited ad valorem taxes.
The en¬
Bond Sale—The
were
face
obliga¬
tions will be
are
.
and, above'-the
.
amount of the issue. These
held
be
to
over
any,
.
an
highest
paid on account of such
bonds during the life thereof, the
amount of premium offered, if
municipal
at
to pay. The bonds will
highest responsible
be
to
airport
im¬
provement bonds, not exceeding
3%
will
be
submitted
to
the
voters
assumes
plied with the conditions of sale,
offers to take the whole amount
of the issue at the lowest interest
cost to the municipality, which
shall be determined by deducting
from the total amount of interest
March 1, 1948
—
County
responsible bidder
shall be the one who, having com¬
The
Na¬
Erick, Okla.
$15,000
the
bidder, provided such bid is not
less than par and accrued interest.
Co., of Okla¬
1951 inclusive.
v:;v:
present or future law
Commonwealth,
all
of
and agrees
p.
on
thereon
assessed
or
which taxes
.93%. These bonds
$2,500
be
any
the
of
1255—were
price of 100.30, a
a
will
be sold to the
the
12 to
City—v. 161,
as
basis
will
Prices Again
Advance—J. A. White & Co., Cin¬
Municipal
levels
under
$10,000
purchase bonds award¬
Treasurer
Danville Local School Dist., Ohio
-
1945
Districtf Okla.
tional Bank & Trust
levied
after
Sale Details—The
school bus
thereon
interest
payable without deduction for any
tax or taxes, except succession or
inheritance taxes, now or here¬
.
Bond
the
and
OKLAHOMA
Crescent School
fol¬
of interest, but
combining two rates of in¬
terest will be accepted. Registerable as to principal. Said bonds
to
$727,099 and bonds
maturing in the period aggregate
$2,541,214.
'
v::;/
t
2%, payable
1945. Denom¬
bid
no
amounts
May 1, 1945. Due on Dec. 1 as foL
lows:
pur¬
at any one rate
sue
water
on
April 18, by Robert P. Tompkins*
City Auditor, for the purchase of
$7,000 coupon street improvement,
the
for
will be received for the entire is¬
$3,803,000 bonds payable
funds; $884,000 from
delinquent taxes; $355,600 from
special assessments and $18,127,245 are general obligations pay¬
able from general taxes. The city's
from
of
will
(EWT),
$80,000 in 1947 to 1964, and
$60,000 in 1965. Rate of interest to
be in multiples of y8 of 1%. Bids
includes
Bond Offering—Sealed bids will
be received until
a.m.
lows:
$23,168,845 at the end of 1944 re¬
a
reduction of $12,730,356
since 1929. The current aggregate
1957
/
Controller,
M-N. Dated May 1,
flected
ture
Athens, O.
10
chase of $1,500,000 coupon funding
and improvement bonds.
Interest
■
Over
Reduced
ized
:
Wilkes-
County (P. O.
ination $1,000. Due May 1, as
—The city's gross
v
a
Pa."
Offering—Vincent
District
rate is not to exceed
Debt
to
Rankin School District,
Bond
April 10, by Robert M. Miller,
on
and
by
private holders from the bonds of
the same type and character shall
Inc.,
& Co.,
Bond Offering—Sealed bids
Jan.
Toledo, Ohio
ed
untenable.
offer
an
1952.
offering to purchase
at
respect,
Pitts¬
15, 1942. Denomination $1,000.
Due, $2,000 Jan. 15, 1949 to
each
bonds will be awarded
The
to the bidder
cost
balance;
more
Luzerne
be received until
must
the amount
rate.
the
name
either issue, and
specify in his
for
rates
two
.
bid
was
of the public revenue bonds
publicly
or
to 'Federal
Water
Barre), Pa.
Dated
bonds.
Stuart
Halsey,
County
Dated April 1, 1945.
or
-
playground
park
4%
recreation
of
pose
in
a
dissenting opinion.
majority decision declared
that the taxpayers' complaint was
tender of 100.207 for 0.75% bonds.
1950.
8,000
124,000 school bonds. Due April
1, as follows: $25,000 in 1969
to 1972, and $24,000 in 1973,
-
of
Dated April 1, 1938.
$74,000 general bonds.
f
sive. Second best bid
deficiency bonds.
tax
Co.
Trust
date.
later
a
The
1143—were awarded
p.
Union
at
curred
March
on
given
either
burgh, as 0.50s, at a price of
100.014, a basis of about 0.495%.
Dated April 1, 1945. Due $10,000
from April 1, 1946 to 1954 inclu¬
Co., of Toledo, at a price of
108.002, were divided as follows:
f
161,
the
sale
for
be
Two members of the tribunal con¬
funding and improvement
offered
27—v.
week ago.
a
Perrysbarg, Ohio
Sold—The $16,900 bonds
The $90,000 semi¬
—
bonds
&
follows:
as
•
annual
1.39%
recently awarded to Siler, Roose
refunding
bonds, not exceeding 6%
of
purchase
1.41%
•
Bonds
ling, Secretary Local Government
Commission, will receive sealed
bids at his office in Raleigh until
11 a.m. (EWT) on April 3 for the
•
and
would
Bradford, Pa.
Bond Sale
to
*
,
C.
N.
1.08%
now
are
f
10 high grade
lower grade
on
10
on
respectively, compared with 1:10%
The
payable to the State Treasurer.
Yields
and
honds
1479
Wilkes-
Nanticoke, DunPlymouth, Kingston, CarPittston,
bondale and about 52 other com¬
munities.
The
proposed
water
authority, it is stated, could
dis¬
1927..
Voted Dec.
15, 1927.
300,000 public market improve¬
ment, series No.
183.Due
$15,000 on May 1 from 194?r
to 1965 inclusive.
Voted June
28, 1941.
storm
sewer
improve^
series No. 184.
Dve
5512 onn on May 1 from 19 '4 ;
240,000
ment,
to
1965 inclusive.
28, 1943.
Voted Dec.
THE COMMERCIAL & FINANCIAL CHRONICLE
1480
/
Voted Dec.
dated May
All of the bonds are
Principal and interest
payable at the Chase
National Bank, New York. All
bonds will be payable to bearer
with the option of registration as
to principal only.
"All or none"
bids are permissable. These bonds
are
supported by an ad valorem
tax on all taxable property within
the City limits.
These bonds car¬
ry no option to call prior to ma¬
turity.- It is believed that these
bonds will be ready for delivery
1, 1945.
(M. & N.)
the
to
of the
signatures of the officials signing
to the genuineness
as
the bonds and also as to
the City
The City
litho¬
graphed bonds with the proper
interest coupons, and will also
supply the approving opinion of
the Attorney-General of the State
and
the
aproving
opinion
of
Chapman & Cutler, of Chicago,
all legal opinions to be paid for
by the City.
The City Council
thereon.
seal impressed
furnish at its expense
will
Issue
for the State
bond
Kendall,
the
written
Gaynor
counsel,
gations receive automatic waiver
option to purchase for the
Permanent
School Fund of the
of the
State,'
Independent School District,
Hidalgo County, Texas
Bond Call—The district is call¬
ing for redemption on April 15, at
State Treasurer's office, $5,000 4%
refunding bonds, dated
Dec. 10, 1943, and bearing num¬
bers of 6 to 10, both inclusive.
The bonds are part of an original
issue of $275,000, due April 15,
1974, and redeemable on April
the
15,1945.
'
,,
,
Laredo,
Bonds Voted—An issue of $75,000
gymnasium construction bonds
was
favorably voted at the elec¬
tion that
was
held
Tex.
Benavides, City
Bond Call—R. J.
announced that the
bonds are being
called for payment on May 1, at
nar and accrued interest to Nov. 1,
Treasurer, has
following'5%
1947:
'
-
,
\
$ao,000 Paving bonds, Nos. 86 to
170.
Due Nov. 1, 1948 to 1967.
Due Nov. 1, 1948 to
41 to 80.
/'/'
bonds, Nos.
Fire Station
40,000
1967.
r
1
'
*
~
20,000 Bridge bonds, Nos. 20 to
40.
Due Nov. 1, 1948 to 1967.
-
bonds,
12,000 Septic Tank Unit
11
Nos.
;
1,
Due Nov.
22.
to
1951, 1953, 1955, 1957,
1961 and 1963 to 1967.
Dated Nov. 1, 1927, optional
1949,
1959,
Nov. 1,
1947.
Holders of said bonds may pre¬
Capital National
sent same to the
March 3.
on
Galveston, Tex.
>
Other Bids—The $100,000 school
series
Edwards, Inc., and SmallMllburn Co., jointly
Cruttenden
&
Co,,
and
R.
1.19988%
S.
Dickson & Co.,
jointly
—and Charles
White & Co., jointly—
1.32303
P. Childs & Co.,
C.
B.
Stern
Bros.
Kindred
&
Sch.
Indep.
Tex.
Dist.,
Sec¬
retary Board of School Trustees,
has announced that the $468,000
iy2, 2, 3, 4 and 5% series A re¬
funding bonds, Nos. 1 to 468, are
being called for payment on May
10, at the Central Hanover Bank
and Trust Co., New York City.
Dated Nov. 10, 1938.
Denomina¬
tion
and
&
jointly-
Co.,
Bennett,
Crouse,
& Co.,
Trust
Co.,
$1,000.
Due Nov. 10, as fol¬
$1,000 in 1948, $2,000 in 1949,
$3,000 in 1950, $6,000 in 1951 and
1952, $3,000 in 1953, $5,000 in 1954
1955, $7,000 in 1956 and 1957,
$8,000 in 1958 and 1959, $9,000 in
1960 and 1961, $10,000 in 1962 to
1964, $11,000 in 1965, $12,000 in
1666, $13,000 in
1967 to
1969,
$14,000 in 1970, $15,000 in 1971,
$16,000 in 1972, $17,000 in 1973
and 1974, $18,000 "in 1975, $19,000
in 1976, $20,000 in 1977, and $161,000 in 1978, optional on any in¬
terest
payment
date,
Interest
Bank
Union
Co.,
Trust
Texas Bank & Trust Co.,
Jointly
,V
Bond
bonds
road
$28,000
was
—
An
of
issue
bonds
construction
submitted to the voters at
an
March 24.
on
and
Dal¬
1.45393
23—v.
to
be
ap¬
proved by Chapman & Cutler, of
Chicago, and W. P. Dumas, of
Dallas.
The next highest bidder
was John Nuveen & Co., and R. A.
Underwood
&
Co.,
jointly for
$170,000 1%% and $205,000 iy4s,
optional 10 years from date, price
of 100.01, a basis of about 1.365%.
auditorium
and
interest
bring a price of
approximately, but not less than,
par
and accrued interest.
Bid¬
ders are required to name the rate
combination of two rates which
or
is nearest par and accrued inter¬
est.
Principal and interest pay¬
able
the
at
National
First
Bank,
purchaser
objection to this place of
Saline.
Grand
has any
If
the
payment,
the
District
will
be
agreeable to fixing a place of pay¬
ment
preferred by the purchaser.
bonds carried by a vote of
These
78
7
to
nection
the
at
election
held
on
scale
a
rental
graduating
month
a
for
1901.
sewer
con¬
per
to
District
The
to
will
fur¬
nish the printed bonds, a copy
of
the
Dominion
the
at
Bank
;
of
i
the
of
[
-
Sewer rentals
cluding
water
Bond
Saie—An issue of $75,000
jj
improvement
bonds
was
purchased on Feb. 27 by A. E.
■
collected by in¬
are
charges
monthly
the
on ;
bill.
Rental charges in Richmond are
based on a levy of 10 cents per
linear foot of property front per
3V2%
Ames
due
is $1 per connection
the association said.
quarter,
per
&
Co., of Toronto, and are
Dec. 1, 1945 to 1950. Inter-
on
(
est J-D.
4
The bonds
In Williamsburg, the charge
year.
of
sold at
were
100.625.
They
price
I
Dec.
a
j
dated
are
1, 1944 and mature Dec. 1, as fol- {
$7,000 from 1945 to 1949
charges generally
lows:
levied, the association said, in
inch;
$8,000, 1950 to 1954 incl.;
$9,000 from 1955 to 1959 incl. and
*
$11,000 from 1960 to 1964 incl/
\
Sewer
are
rental
lieu of all other charges or levies
for sewers and sewerage purposes.
They
imposed
out¬
MANITOBA
j
by four
other cities, Charlottesville, Dan¬
Winnipeg, Man.
Bond Sale Details—The $1,720,- J
ville,
Harrisonburg and
Ports¬
mouth. Norfolk has no system of 000 2% and 2%% refunding bonds 4
rental charges at this time, but is purchased by a syndicate headed
considering adopting a rental plan by the Royal Securities Corp., of •
if and when new sewage treat¬ Toronto, as reported in v.
161,
ment plants are built.
p.
1040, were sold at a price of I
In other Virginia cities, includ¬
100.757, a basis of about 2.49%.
ing
Alexandria,
Clifton
Forge,
side
are
the
users
on
corporate limits
either by special assessment, gen¬
eral bond issue, or by general city
bids
in
or
monthly
$2
thereof.
All
1945.
Canada
Canada,
10,000
less
or
Hampton,
20,
f
Payment will be made at \
branch of the Imperial Bank
any
of
denomin-
gallons ' of Manhattan Company, New York f
for City. V;/V 4;'4' t
more
than- 150,000
gallons
or
BRITISH COLUMBIA
;
more.
In addition, a charge of
Kamloops,'British Columbia
$10 is made for each connection.
water
be
submitted on blanks furnished by
this District. The right is reserved
to reject
all bids, or any part
March
ville,
Lynchburg,
Newport
ONTARIO
Martins¬
Hawkesbury, Ont.
News,
Roanoke,
South Norfolk and Suffolk, sewer
construction
has
been
financed
New
Bonds
debentures
)■
Ready—Holders of
requested to pre- I
Guaranty Trust /
are
them to the
sent
Co., of Canada, 70 Richmond St.,
without cost to him.
a
WASHINGTON
designated by the purchaser
It is antici¬
pated that delivery can be effected
before May 10, 1945.
Opinion of
Chapman & Cutler of Chicago will
be furnished if preferred. Enclose
certified
check
for
$1,600,
pay¬
election that
Laramie
I
(P. O. Cheyenne), Wyo.
Bond
Offering
L. M. Baggs,
Clerk Board of Trustees, will sell
at
—
public auction until 3 P.M. on
an issue of $300,000 build¬
June 12
ing bonds, not exceeding 3% in¬
terest.
Dated May 1, 1945.
De¬
nomination
Due
$1,000.
Jan.
1,
follows: $30,000 in 1946 to 1951:
$12,000 in 1952; $48,000 in 1953,
and
$30,000 in 1954 and
1955.
These bonds are part of the $600,-
as
000
authorized
issue
tion
held
the
at
elec¬
March
12, 1945, by
a
vote of 1,679 to 51. Principal
and interest (J-J) payable at the
County Treasurer's office.
The
approving opinion of Myles P.
Tallmadge,
of i. Denver.
The
Board reserves the right to re¬
ject any and all bids and also to
sell a lesser amount than $300,000
if it
on
letters of transmittal may be obtained
from
any
office of the
was
held
on
March 3.
Bond
Exchange
drawn—Bonds
Offer
With¬
Called—The
offer
made in November, 1944, to hold¬
ers of $1,441,000 3V2%, 3%% and
4%
refunding bonds to exchange
for' :new
refunding bonds
was ' recently
withdrawn by the
group of bond houses which acted
them
for the city in the matter.
for
check
$7,500
pay¬
able to the District Treasurer.
Bond
Election
$775,000
water
will
voters
at
stated
that
it
was
calling all of
redemption on May
I, 1945, with payment to be made
be
an
—
issue
An
system
M: (P. O. Port
election
to
161,
v.
at
1.407%.
Rutland,
'/■■[
Voted
Bonds
part
of
said
deemable
at
any
any
election held
an
on
Bond
Rejected—At
March
6, the
Virginia (State of)
Finance
Construction,
Sewerage
Systems
mond
National
or
Bank,
the
American
Austin.
All
un¬
matured coupons must be attached
to the bonds when
same
for
exchange
composed
presenting the
payment.
made
was
of
The
offer
of
by a group
Nicolaus &
Stifel,
Fredericksburg, Radford,
and
Williamsburg,
are
financing the construction or op¬
eration of their sewerage systems
through
collection
of
service
charges.
Service
charges in Fredericks¬
burg are $2 a year per house or
connection, according to informa¬
Co., Inc, E. Kelly Brown Invest¬
ment Co., Russ & Co., Rittenoure
Investment Co., and McRoberts,
Works
Graham & Co.
out
;
•
cities,
Rich¬
tion
to
the
Association,
construction
of
American
has
Public
and
sewer
paid for
been
the-general
treasury
for
$85,000
•
bonds was i.
March 1, by Gould- "r
ing, Rose & Co., of Toronto. Dated {
March A, 1945. These bonds are \
due March 1, 1946 to 1965.
■
on
Scarborough Township, Ont.
Call—James O. Kessack,
Township Treasurer, has called
to
\
Bond
i
15, variously numbered debentures, dated
Jan. 1, 1940 and maturing Dec. 15,
t
t
1975 to June
.4
for payment on June
15, 1979.
i
/
:
Bonds Sold—An issue of
$46,000
awarded
&
$77,940
i
improvement
Co.,
99.07,
bonds
was
Fairclough j
Toronto, at a price of i
basis of about 2.605%. \
March
on
a
13
to
Due in 10 years.
-
and
associates, as 3*4s, at a price
of 98.000, a basis of about 3.415%
—as reported in v.
161, p. 1256—
mature March 1, as follows: $1,000
Catholic
chased
:
'.'"i*"'
1965,
:
'
i
"
'V". «&.■
■■
■■'
-
■'
Canada
Sold—An
of
Sept. 11, 1945.
Sold
issue
An
—
of
$88,920,000 6-months deposit
7
sold
March
on
to
the chartered banks at .75%. The
are
1945.
due
Sept.
on
,/••/'/-'/v-
4,
;J
of
Alberta
^
'■%
^
'
—
'///■ ■: v;';
Due on March 1
2V2S.
$118,000
in 1946 and 1947.
61,000 2%s.
t?
-
*
/
-t
/
*1
4
Due March 1, 1948.
on March 1 in
128,000 3s.
Due
1949 and 1950.
3Y4s.
437,000
'
Due
from
—
will be
March
on
1957
of
Due
the
All
March
to
on
1975
/
March 1
/
incl.
/v'4
are
bonds
1, 1945.
S
1
dated
>
^
1
Interest M-S.
which
April 1, 1936 and Oct. 1,
the half year
ending April 1, 1945, being at the
rate of $15.00 and $7.50 for each
in
/
on March 15 a total
$2,939,400 refunding bonds, as
SASKATCHEWAN
matured
1941
Sale
2,195,400 3V2S.
paid to holders of debentures of
of
mature
from 1951 to 1956 incl.
(Province of)
Payment
Offered
Province
bonds
1, 1946 to 1965.
to, purchased
ALBERTA
Alberta
the
\
Lambert, Oue.
A syndicate headed by A. E. Ames & Co., of ToronBond
cer¬
tificates
certificates
These
101.045.
follows:'
Certificates
$260,000
was pur-
Feb. 26 by
St.
issue
certificates
sold on March 13 to the char¬
was
% school bonds
on
from Feb.
(Dominion of)
deposit
>
k
Wood, Gun- f
dy & Co., of Toronto, at a price >
of
CANADA
Commis'
Bond Sale—An issue of
3 and
to
School
sion, Quebec
19f7; $2,000 in 1948 to 1953;
$2,500 in 1954 to 1959, and $3,000
1960
i
QUEBEC
Granby
in
Interest at the rate of 3%
Cities
Sale—An issue of
school building
purchased
sold
bonds
i
\
|
Penetanguishene, Ont.
3V2%
2Vz%
Kelso),
Charles N. Tripp Co. of Portland
Interest
VIRGINIA
and
above-mentioned trust company.
Owners
O.
tered banks at 0.75% interest. Due
at either the Chase National Bank
York
(P.
Sale Details—The
revenue
$18,000 fire station bonds
rejected.
of
or
re¬
Wash.
water
jj
15
Swansea, Ont.
Districts
and the
Operation
All
are
after five
Cowlitz County Home
Water
was
following bonds were favorably
voted: $75,000 street construction,
$15,000 bridge construction. At the
same
time
the
$25,000 garage,
storehouse and workshop bonds,
were
bonds
time
\
March
after
or
from date.
years
$128,980,000
Vt.
and
basis of
April
1,
1945.
Denomination $1,000. Due April 1,
as follows: $3,000 in 1947 to 1951,
and $4,000 in 1952 to 1956.
The exchanges will be
on
ljk's,
as
a
Dated
Certificates
VERMONT
?
l£44=*~were sold
p.
priqe^|HP99.40,
a
held
be
Angeles), Wash.
of
^4///;.-.v./;.<
by Rentals—Four Virginia
New
Dated
the
to
the bonds for
of
bonds.
Bond Sale Details—The $35,000
improvement bonds awarded re¬
cently to Blyth & Co., of Seattle—
extension
submitted
April 24.
A sub¬
sequent announcement by the city
construction
sewer
1944.
in
deems it advisable. Enclose
so
certified
a
the 4
the /
Dec. ,i
April 17, for the purchase of
$70,000 not to exceed 3% interest
18,
Bond
1
by
made
on
Clallam County School Dist. No. 7
County Sch. Dist., No.
of
approved
Bond Offering—The City Clerk
will recive sealed bids until 8 p.m.
Interest M-N.
WYOMING
provisions
Ontario Municipal Board on
Camas, Wash.
,
the
plan
refunding
May 1, 1945. Denomination $1,000.
able to the District.
modernization
Texarhana, Texas
with
ance
will deliver the bonds to the
bank
on
favorably voted at the
was
161,
Co., Inc., C. F. Childs & Co., and
Barcus, Kindred & Co., of Austin,
jointly, at a price of 100.1337,
a basis
of about 1.363%, as fol¬
lows: \ For
$170,000
maturing
April 1, $15,000 in 1946 to 1947,
$16,000 in 1948, $17,000 in 1949 to
1951, $18,000 in 1952 to 1954, $19,000 in 1955, as IV2S, and $205,000
maturing April 1, $19,000 in 1956
and 1957, $20,000 in 1958 to 1960,
$21,000 in 1961 to 1963, and $22,000 in
1964 and 1965, as IV4S.
Interest A-O.
Optional 10 years
Legality
lowest
sell
to
cents
will
Bonds Voted—An issue of $80,000 post-war memorial field house
bonds
Sale—The $375,000 school
March
the
at
that
bonds
Texas
■
1.42752
—
offered
date.
Election
Bond
Perryton Independent School Dist.,
&
p. 1256—were awarded to a group
composed of Harriman Ripley &
aftejf
County (P. O. Dumas), Tex.
election held
Greenville, Tex.
I
Moore
Louis,.. and
jointly
las;
$170,000 water tank, and $80,000
sewage disposal plant.
1.41657
St.
Mosle & Moreland,
Dallas
,
Smith
jointly
Mercantile-Commerce
bonds
cost
of Trustees
Board
on
from
v-
1.39589
Chicago,
the
.
Due
$5,000
the
lows:
1.33811
Co., and Barcus,
Channer Securities Co.,
lows:
and
1947, the optional date.
Mercedes
■
R. ,t.
Denomination
terest. M-N.
charges
50
since
levies
*
of $12.50 for each $1,000
ation.
any
D, bonds awarded to HalStuart & Co., and the Fort
Worth National Bank, jointly, at
ceases on date called.
a
price of 100.0645, a basis of
•
about
/
Mission, Tex.
1.11747%, for $22,000 as !
lVas, and $78,000 as 1.10s,—as re¬ /■ Bonds Voted — At the election
held on March 17 the voters are
ported in v. 161, p. 1252—were
said to have approved the issu¬
also bid for as follows:
Bidders—
Net Int. Cost
ance
of
the
following
bonds:
sey,
interest
2%
Dated May 1,
issued
been
Radford
'
time, and the proceedings, the. approving funds, supplemented in a number W., Toronto, and receive in ex- J
of places by connection charges. change new debentures in accord- i
interest will be paid to Nov. 1, opinion of J. P. Gibson of Austin,
Bank, Austin, at
and
Eagle Pass School District, Texas
exceed
to
not
have
will
April 10 for the purchase of $80,000
school house bonds.
1945.
School
Independent
City
Bond Call—Fred Johnston,
Donna
Schools,
receive sealed bids until 2 p.m. on
of
\
•
of
Rhodes,
E.
No bonds for sewers
many years*
$1,000.
In¬
May 1, as fol¬
in
1946
to
1951,
District, Tex.
-V!
$13,000 in
1952 and 1953, and
Bond < Offering—D, E. Moore,
$12,000 in 1954 and/1955. Alter¬
Superintendent of Schools, will nate
proposals will be considered
receive sealed bids until April 10
on bonds with a three-year option
for
the
purchase of refunding and
five-year option.
Rate of in¬
bonds amounting to $25,000. Due
terest to be in multiples of oneserially in 20 years. Bidder to
eighth of 1%.
It is the intention
name the rate of interest.
Karnes
Board of Education by their
statement is made that City obli¬
Offering—J.
Undecided— Superintendent
trict bonds.
In a letter dated July 5,
and
1940,
Indep. Sch. Dist., Texas
Bond
specified for the sale of an
of $1,500,000 navigation dis¬
been
City will sell no
additional bonds within the next
90 days.
.'s
County Auditor,
has stated that no date has as yet
the
that
states
,
Date
Sale
Bond
immediately
purchaser
May 1, 1945.
The Liberty
State Bank, of Dallas, will cer¬
after
tify
Texas
H. L. Washburn,
15, 1927.
Van
(P. O. Houston),
Harris County
$200,000 street paving, series No.
185.
Due $10,000 on May 1
from 1946 to 1965 inclusive.
J
Monday, April 2, 1945
•t.
respect of
Prince
Refunding
pal
officials
$500
denomination.
paid interest upon
presentation of their debentures
for notation thereon at any branch
of
of
I
Albert, Sask.
Discussed—Munici¬
and
representatives
J*
debt.
$1,000
and
Holders will be
the
Imperial Bank
of Canada
in the Dominion of Canada.
Province
will
pay
interest
holders of debentures which
tured
The
to
ma¬
April 1, 1943, at 2V2% in
to the half year ending
respect
April
1,
1945,
being at
the rate
bondholders
katchewan
and
Local
of
the
i
Sas-
Government
Vv
Board recently discussed the
pos-
'"t-
sibility
of
refunding
the
city's
It is reported that the bondholders agreed to accept
$166,000
full settlement of
$332,000 in
unpaid interest on bonds held by
the public. The City Council dein
cided to take the entire
proposal
under advisement.
,
:
f/
@FedFRASER