The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
'
reitHftiieAk «.*«■*
'
-U'C;
fy-f"
WKSRAL UMUW
m 2 2 1948
vm.wMam.
MON DAY
Reg. U. S. Pat. Office
Volume
Number 4483
163
New
York, N. Y., Monday, April 22, 1946
Price 60 Cents
Copy
a
General Corporation and Investment Hews
RAILROAD
PUBLIC UTILITY
-
Addressograph-Multigraph Corp. — Debentures Sold
Privately—The company has sold privately an issue of
$2,500,000'2%% sinking fund debentures, dated Jan. 1,
1946, due Jan. 1, 1966.—V. 163, p. 1413.
Aireon Mfg.
securities, identified by stock
sales, was used to determine
number of
is
tions
Corp.—Subsidiary Transfer Operations—
to
Cinaudagraph speakers
day.
a
be
be
—V.
Kansas
City
centered
163, p.
that
well
as
national
where
as
and
international
company
policies
will be
common
Board
of
Governors
of
the
New
York
regular
Airlines,
Inc.—Votes
New Issue of Preferred
stockholders
accounts
payable
for
no
established.
July 1, 1950),
par), $2,760,900;
Stock
$2,000,000;
common
each
he
did
of
Answering
four
and
Stock—Acquisition Also Ratified
auarter
last
shares
of
Mid-Continent
stoc^,
;^;:
-s
,k,,
<
Secuwiites/
'
-8piltSt|fr^f|<ecttVe.
earnings figures for March and could make
earnings at this time.
that
he
cited
believed
that
earnings
unfavorably with those
compare
He
the
termination
of
results
of
the
overseas
for
first
as
a
for
reason
the
the
of personnel back
unfavorable comparison.
for
to
man
more
of
than
over
the
40-passenger
an
hour,
American
will
the
operate
which
will
As
year.
Rainbow
have
not
termined.
In
addition
transport is
gage
to
at
least
expected
to
40
be
and
passengers
capable
domes¬
this
crew,
cruise
of
of
1,700 pounds of cargo.
for a range of more than 4,100 miles.
for the long range and high speed will be
by four turbo-supercharged Piatt &
Whitney Wasp Major
rated at 3,500
horsepower each and turning four-blade
required
pellers—V.
163,
a
investment
banking
groups,
it
is
understood,
..l2186
.2186
3 Mos. End.
Mar. 31—
bag¬
(1)
2187
be
changed
(2)
Exps..
Int.
incl.
paid
or
2189
Exchange
Share
misc.
or
4Net
$140,486
anu.unt
3,843
17,880
$137,640
$157,291
11,885
9,043
10,000
7,575
tax__
inc.
income
of
loss
33,661
8,469
6,164
$98,322
$121,023
regard to net profit
on
9,100
9,500
17,920
tax.
'Computed-without
■d
1943
$106,825
accrued
Prov. for Fed.
lo'"
1944
As
2190
Section__i2192
'
$121,802
2176
(3)
Reserve
of
shares
Gas
of
new
such
of
the
exchange
stock
have
offer for
been
altered
777,258;
securities in the
$332,042 in 1946, $301,637 in 1945; loss of $473,431 in 1944
$163,358 in 1943, which losses were charged to "reserve
losses on. ?ales of securities."
The actual cost of the
total,
to
share.—V.
are
issued
purchase
163,
capital
$1,973,940;
$9,156,175.
NOTE—There
holders
$615;
of
of
the
holders
equal
from
its
in
to
$9,785,010;
sales
on
such
by
to
of
the
SEC
in
privilege
stock
of
the
the
interest
common
as
outstanding
of
shares
of
option
common
securities,
warrants
stock
Dr$7,-
at
entitling
$12.50
per
894.
p.
American Distilling
Co.—Earnings—
Quarter Ended Dec. 31—
Net income
after
Earned
common
per
1945
charges and taxes
share.-!
1944
of
affiliated
p.
3186.
its
its
void
debenture
summarized
holders
The
$282,060
$1.99
$1.09
have
modified
amended,
at
of
class
of
the
Community
opinion,
the
new
of
1
plan
also
for
stock
cash
bs
for
into
B
be
Municipal Bonds
plan
1,090,382
($4
stock
dissolved
or
franchise tax
may
qAllen
&
Company
Established 1922
for
reorganization
of
the
company
These
of
will
87
the
reorganized American
Gas &
its
charter
and
Power
be
($3 par)
commop, stock, in place
previously contemplated.
distributed in exchange for present
shares for
80 BROAD
STREET
Tpip*hor,„
RAnover
2-2600
NEW YORK 4, N. Y.
Bell
Teletype:
NY 1-573
York
45 NASSAU
of
debenture
6s,
83
shares
YORK
in
the
the
STOCKS, INC.
INVESTMENT FUND
PROSPECTUS ON REQUEST
Telephone
REctor 2-3600
Security
Dealers
Association
YORK
Philadelphia Telephone
J Enterprise 6015
5
Bell Teletype
New York 1-578
HUGH W.
,,
-
i
48 WALL STREET
NEW YORK 5
LONG and
COMPANY
INCORPORATED
634 SO. SPRING ST.
LOS ANGELES
i»
will
for
DIVERSIFIED
STREET, NEW
its
841,682
INCORPORATED
New
of
Co.
of
securities
each $1,000
NEW
Kobbe, Gearhart & Company
Members
be
law.
stock
t-
INDUSTRIALS
DEPARTMENT
20
out¬
shares;
general funds,
distributed pro
shares
par)
RAILS
MUNICIPAL
and
each
full
be
the
A
Community's
class
will
-
to
and
class
share
of
Community's
will
the
amended
certificates
and/or
new
(to
pay¬
sold
Holders
the
cash
common
be
the
the
Community's
expenses,
of
public
with
were
exercises the
holders shall
shares
to
The
rate
stock.
and
cash,
together
above.
stock.
and
company
SPECIALIST IIS
ELECTRONICS
be
under
which
debenture
price
issued),
(3)
the
the
pursuant to the Delaware
constituted
now
shares
ratio
FLORIDA & NEW JERSEY
to
above,
findings
event
offering
in
liabilities
stockholders.
become
of
to the transfer of properties,
the redemption prices spec¬
supplemented and
the
be
can
common
either
of
on
during
Community Gas & Power Co. parent has been
approved by the Secu¬
rities and Exchange
Commission, which has asked the Federal Dis-.
trict Court at
Wilmington, Del. for an order to enforce the
plah. ''
Judge Paul Leahy has set a hearing for
May 28.
*$497,542
J.
non-recurring net income from the sale of capital stock
companies, after capital gains tax of $1,578,000.—V.
162,
into
payment
to
6%
transfer
paid
Federal Court to Hear Plan—
As
•'Exclusive of
of
for
at
previous
in
stockholders
Community
and
of
right to make a public offering
shares) of its new common
trustee
its
initial
specified
date
interest
outstanding.
that,
shares
debentures
the
of
(instead
receive 2.45%
would
any
Amer¬
(instead
17.39%
holders.
paragraph (4) above,
of receiving, in lieu
at
full
in
5%
to
less
that, of the 34,250 shares of
received by Community,
1,750 shares will
remaining shares 'distributed in kind, to
of
stock
of
874,078
the
modifications
provides
specified
have
that
the
1945,
debenture
reserves
to
are
the
the
right
rata
1 share
receive
on
31,
than five days
subsequent
to
new
% share
holders
common
American
American,
excess
notice
debentures
plan
after
the
87 shares
would
outstanding debentures
amended
in¬
of
To
debenture
provides
undistributed
issuance
follows:
of
5%
July
to
made
expressly
(not
suggested
will
and
20,500
losses
11
83 shares
new
American
t.he debenture
agreement,
B
-
74 Va shares
modifications,
80.16%
be
upon
addition
ments
above
warrant
will
more
common
findings*""'
American, (to
V* share
Minneapolis
part
redeem
In
of
0.95%).
of
and,
which
2196
surplus,
net
.
69Vz shares
•
payments
American
in
the
debentures
given not
of
of
and
period,
ified
(he
as
stock
receive
of
consolidated
warrants,
income,
vestment
p.
approving the
From
stockholders
some
to
stock
common
debentures
Cash
class
option
which
163,
Co.)
debentures^
properties
2176
System
issued^ts supplemental findings
% share
6%
extent
Banks
terms
11.27%),
the
2176
2196
Member
10
Minneapolis
result
(instead
2196
of
$36,071,879
properties.—V.
the suggestions in the
Commission's previous
the following modifications have been
effected:
would
shares
$105,822
possible
Share
Power
common
87.78%),
of
2194
Banks
Statement
of
a
ican
-
2195
Federal
19,000
sales of
&
Havana
Warrant
2193
Markets
&
standing
scrip
may
consolidate
such
scrip certificates representing class A
1945
accrd._
Bond
the
submitted
common
2192
The Course of Bank Clearings
Condition
a
ii.e
of
$1,000 0%
$1,000 5%
Federal
$119,761
$120,207
received
acquiring
For each:
2189
Exchange
Reserve
adjourned
were
proposed to be issued to American's
security
holders,
and
the
par
value
thereof,
have
been
to 1,090,382.16 shares ($3
par) in place of 841,682.25 shares
The
shares
2189
Redemption Calls & Sinking Fund Notices.2196
Dividends Declared and Payable
2197
are
$132,693
24,598
from
recover
for
number
renamed
($4 par).
2188
Foreign Exchange Rates
1946
Hearings
to
The
present
2187
2188
General Corporation and Investment Ncws_2119
State and City Bond Offerings and Sales—2201
10,000
$116,364
dividends
to
April
Gas
and opinion,
2186
American European Securities
Co.—Earnings—
Int.
plan.
,
Miscellaneous Features
preparing to
competition for the 535,000 shares of stock held
by the Alien
'Property Custodian. One group is said to be led
jointly by Glore,
Forgan & Co., and Lehman Bros., the other
jointly by Blyth & Co.,
Inc., and Merrill
Lynch, Pierce, Fenner & Beane.—V. 162, p. 2633.
C..sh
and
paid
plan
Pursuant
(4)
American Bosch Corp.—Bidder for Stock—
Two
,*12177
...12181
stock
1997.
enter
hearings
reorganization
Light Co.
subsidiary operating company of
American, subject to
the assumption by American of all
of the indebtedness and liabilities
of Minneapolis. -As
Stepa in such.; procedure, the certificate of in¬
corporation of
American would be
amend#, American would enter
into a supplemental Indenture
securing the first mortgage bonds of
Minneapolis, and American's name would be t'
jfmged to Minneapolis ;
Gas Co.
'
of
supplied
engines,
revefsible pro¬
p.
Power's
ago.
(Minneapolis),
at
high-speed
&
the
.
....2165
Transactions New York Stock Exchange
Transactions New York Curb Exchange
Stock and Bond Averages
pay load
Power
Curb
Bond
to it by
Community Gas & Power Co. and
Co.
(subsidiary of Community)* ..
:
The plan, among other
things, provides for the transfer tb American
of the property, franchises and
assets of Minneapolis Gas
yet routes
been de¬
carrying 1,600 pounds
Specifications provide for
plus
pound
Stock
Over-the-Counter
luxury airliners,
will begin next
miles
400
which
Stock
Toronto Stock Exchange
Toronto Stock ^Exchange—Curb
board.
Delivery
Electric
American Gas & Power Co.—Amended
Plan Approved
SEC on
Stock
York
Montreal
of
the
Airlines System's purchase of
20 of
the world's
fastest,
four-engine transports—Republic Rainbows—at a cost of
each, was announced on April 18 by C. R.
Smith, Chair¬
the
of
York
Montreal
American
$1,100,000
shares,
$354,500;
Issue
Pittsburgh Stock Exchange
St. Louis Stock Exchange
Purchases 20 Republic Rainbows—
long-range,
par),
Los Angeles Stock Exchange
Philadelphia Stock Exchange
first
quarter
operations
Army and the transfer of large numbers
tic operations
This
Exchange (Stocks)
Exchange (Bonds)
New York Curb Exchange-Baltimore Stock Exchange
Boston Stock Exchange.
Chicago Stock Exchange
Cincinnati Stock Exchange
Cleveland Stock Exchange
Detroit Stock Exchange
the
said
would
year.
no
From
In a petition filed with the
SEC requesting the
resumption of hear¬
ings, the second preferred stockholders stated
that they plan to intro¬
duce evidence into the
proceedings to bar the $19,500,000 Cuban Elec¬
tric Co. debentures owned
by Bond & Share from participating in the
(27,609
Page
New
New
stockholder's
that
Smith
(354,500 shares,
Foreign
year
loan
Stock and Bond Quotations
and
cents.
Mr.
stock
Recoveries
company intend to press for recoveries from
the Electric Bond & Share
Co., its parent, and for the subordination
of the parent firm's interest
in American &
Foreign Power, to that of
the public holders of the
company's stocks.
This was indicated
by counsel for a group of holders - of
Foreign
Power's second preferred stock at
the resumption
April 15 of
$3,434;
bank
of
The
the
future
a
said
Stockholders
modified
question in regard to air cargo,
Mr.
company's operation over the past year or two
was a
very worth-while experiment and has given the
company a lot
of valuable
experience although it had not meant much in dollars
Smith
preferred
expense,
secured
on
have
not
estimate
stock
In
may take place the first of this week.
*'
■/'.
1
Smith, Chairman, told the annual meeting the
company made
a little
money in January, and sustained a loss ill
February. He added
he felt the trend of
earnings was going to improve. Mr. Smith added
no
$4.50
$42,255;
Seek
Share Co.—
on
accrued
to
1558.
R.
that
$12,779;
purchased,
their
Split-Up
action
C*.
1%.
Holders
reorganization,
Foreign Power
Exchange at
dealing at a later
Airlines, Inc., will probably soon sfile
Exchange Commission its intention to make the
The
American & Foreign Power
Co., Inc.—Secondary Of¬
fering—Lazard Freres & Co. on April 18 made a
second¬
ary offering of 25,000 shares of
$6 preferred stock (no
par) at $114 per share net.
Dealer's discount
sold.
Curb—
on
Curb
American
and
taxes,
securities
(due
sales
April 17 approved the proposal of the directors
to authorize
600,000 new preferred shares and to split the present
common stock five
for one.
They also approved the company's plan
to acquire
approximately 51% of the stock of Mid-Continent Airlines,
Inc., through the exchange of one present share of
American Airlines
for
against
MISCELLANEOUS
-
American
American
common
delivered
securities
on
total,
LIABILITIES—Accrued
meeting approved, for admission to
date,
the listing of 730,052 shares of
$1 par value common stock of the
above corporation, of which
103,834 shares are reserved against unex¬
ercised options, it was announced on
April 17.—V. 162, p. 3185.
The
bonds
stock.
1997.
Alaska Airlines, Inc.—To Be Listed
The
speaker
and
losses
$9,156,175.
Aireon
from
will
and
BALANCE SHEET, MARCH
31. 1946
ASSETS—Investment securities, at cost (market
value $14,794,903),
$8,894,522; cash in banks,
$256,746; accrued interest, $4,908;
A sizable expansion in opera¬
under
share of
per
way and should be attained early in May.
Speaker Division, with headquarters in Kansas City, will
have direct supervision of all
Cinaudagraph speaker activities. It will
The
certificates
gains
INSURANCE
-
NOTES—(1) Dividends paid on preferred stock
totaled $31,060 in
1946, 73,245 in 1945 and $73,410 in 1944.
(2) After providing for all
known liabilities, the net assets
applicable
to .the
outstanding securities of the company, based on market
quota¬
tions as of March 31, 1946, amounted to
$12,988,088, equivalent to
$470.43 per share of
preferred stock and, after
deducting the out¬
standing preferred stock at its
liquidating value of $100 per share, to
$28.85
provide /Additional facilities for the manufacture of
speakers for which there is a sizable backlog and a growing demand,
Cinaudagraph Speakers, Inc., a subsidiary, has been transferred from
Chicago to Slater, Mo., R. C. Walker, President, has announced.
Slater
The
factories
which, during the war produced extremely
high grade precision radio parts, are now producing a substantial
order
In
INDUSTRIAL
-
t
•
•
the new common, stockV. 163, p. 1414.
give debenture holders 80. M* of
and warrant holders 2.45%.
wtll
Tais
17.39%
holders
Quarterly Report-
Chemical Corp.—Listing-
American Potash &
°°mm0n
Tl aTtwo1hirdfsS5forSeacrS
Monday, April 22, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
2150
Walter
redesignated class B stock of this corporation com¬
menced on the New York Curb Exchange at the opening of trading
on April 15,
1946.—See V. 163, p. 1854.
in the
Dealings
ment
n
(945^
combined premium
The net
History.
ts
led
»-!m
at
assets
Total
surplus
an
On a market value basis total admitted
$59,626,364 and surplus $21,414,453. The un¬
earned premium reserve
increased to $23,082,278 on policies still in
force
The increased unearned premium reserve, reflects an incrased
onrae of premiums from normal sources.
Investments produced a net
i '-cume of $1,351,269 from which stockholders received dividends dur¬
ing the year amounting to $802,497.
The Bankers Indemnity Insurance Co., the casualty affil ate of The
Amer can
Insurance Group, wi'ote $6,027,830 in premiums, a ga n of
£668 356 over 1944.
A statutory profit from underwriting of $35,808
added to investment
income of $264,069 and a profit from sale of
securities
amounting to $57,940 establishes an operating gain
of
$357 818 before dividends and taxes.
In addition there was a gain
irom the increase in the market value of invested assets of $855,364.
Bankers paid $140,000 in dividends and after adjusting reserves for
"tax liabilities, including Federal income tax, transferred $1,202,150 to
th>
geieral voluntary reserve, which at Dec. 31 totaled $2,544,125,
compared with $1,341,974 at the end of 1944.
Capital and surplus
i
atd
<>r
i'ss
$20 194 215
to
would have been
ts
Corp.
Standard Sanitary Corp,—Sec¬
&
.
sold, selling,
of. goods
$9,567,949
,
Federal,
—i--
depreciation;
lor
and municipal
stale
taxes.
—..
.
circuits
has
rema
Admitted assets
each in the financial statement.
at $1,000,006
n
and
Total
Federal excess
Net
of
The surplus of the Columbia is now $2,428,939
$1,338,720.
These companies and the Bankers
Co. are owned by The American Insurance Co.
asset of the latter to the extent of their surplus
Insurance
and
valued as an
are
policyholders.—V.
to
163,
1022.
p.
*
under¬
Offered—An
writing group headed by Hornblower & Weeks and
Union Securities Corp. on April 15 offered to the public
105,000 shares of common stock (par $1) at $15.50 per
The offering is being made for the account of a
share.
will receive the pro¬
of selling stockholders who
group
DEC.
SHEET,
revenues
$2.12
Operating
expenses
Fed.
on
oonas
S.
U.
S.
cost
ai
and
"G"
series
bonds
interest
stocks
notes
accounts
receivable
Treasury
"Trade
.
manufactured
average cost
at
etc.,
8,454,314
and
equipment
good will, etc
and prepair expenses
plant
fProperty,
Trade
205,489
495,521
.
Bank
National
Commercial
&
Deferred
charges
Total
1946,
follows;
Accounts
750,000 shs.
464,010 shs.
in
due
667,288
Rsserves
for
insurance
Reserves
for
marketable
common
Preferred! stock,
paid
the
Earned
275,135
fluctuations
896,635
each
March
tOn
earnings
net
of
subsidiaries
the
of
the
and
sec.
non-cum.
value
(par
stock
Total
217,050
2
value
par
$251
3,952,800
in
BUSINESS—-Company
HISTORY. AND
amend°d
was
to
Molasses
American
The
and
dealing
in
by
Co.)
Refining
Eastern
and
sugar
organized
was
in
1905
under
Co. of New York (in 1939 changed
the consolidation of N. W. Taussig Co.
Molasses
American
of
name
and
Co.,
is
products
sugar
outgrowth
an
founded
in
of
Molasses
Boston
senfced
by
Dri98.107
1869
Alter
to
or
the
which
(sugars
sugars
off-shore
production
from
and
areas
and
to
not
are
the
distribution
of
further
be
continental
liquid
sugar,
a
is
sugar
obtained
the
United
research
the
U.
States.
service
subsidiaries
Molasses,"
brand
from
S.
Department
of
A
indicates
distributed
which
is
molasses
recent
that
in
the
the
opinion,
the
.plan.the
of
American
Commission
given
has
30 Days
receive
stock
shares
10
these
common
of
the
corpo-at'on
The
share
one
of
share
This
is
77-23%
a
noted
SEC
of
the
for
This
is
common
64.97-35.03%
a
with
agreed
to purchase
"Grandma's
name
advertised,
the
is
number
appears
of
opposite
its
which
largest
each
selling
underwriter
name.
NOTE—The
Securities
H.
Davis &
Co
Adamex
7,000
Hemphill, Noyes & Co
Kidder, Peabody & Co
Carl
W.
10,000
Kuhn, Loeb & Co
7,000
A
split-Up
Gifford,
C.
Weld
&
Langley
Co
&
Auchincloss,
7,000
such
Loeb,
Parker
to
advantages.
A
be
"\ou
changing
3,000
per
3,000
commissions
sales,
returns
of
Selling,
less discts.,
and
allow.-.
and
gen.
$25,326,626
9,351,859
sold
$11,074,944
22,616,178
19,129,891
14,775 606
768,395
goods
1,615,283
1,533,753
1,192,943
$21,828,972 $17 4^2 282
adm.
expense
Prov. for doubtful accls.
(net)
Deprec.
Crl, 599
1,290
Cr381
79,638
amort
159,431
158,212
158,905
Net
profit
$875,170
$937,332
$1,005,826
$1,295,209
12,936
36,605
29,514
63,387
$888,106
$973,937
$1,035,340
$1,358,596
22,900
101,650
137,945
109,192
193,232
oper.
income
Other
income
deductions
136.146
137.070
331,630
Fed. excess profits taxes
(net)
Federal
income
Canadian
taxes
taxes..
on
272,200
278,654
291.001
hie
profit
339,661
said
rate
of
year
163,
$463,823
8578,113
154,670
p.
$457,487
92,802
216,538
123,736
1717,
that
1C.OOO
the
phones
than
He
Mr.
has
rate
S.
Federal
redemption
the
an
e-rnings
rates
deficits
Western
of
consolidated
for
Eire
connection
Other income
in
offsetting such tax reduction.
tDoes not
proportionate interest in undistributed earnings
subsidiary companies.
or
not
a,nd
brought about by costs
other non-recurring items.
effect
the
+Includes
taxes
and
$9.01
$9.14
estimated.
amount
Company's
in deficits of
$2.41
partly
(partly
^Includes proportionate interest
E'ectric Company
estimated).-
and
all
other
Telephone Rates to Eire—
telephone
overseas
became
effective
conversation
on
between
when
18,
the
United
the
between
messages
April
basis.—V.
163,
cities
two
any
charge for a
output
ended
of
April
undm-
(he
1945.—V.
the
electric
13,
1946
output
163,
p.
of
the
in
two
1558.
p.
properties
totaled
75,379,000
company for the
a decrease
of
corresponding week
kwh.,
lor .the
88,731,000 kwh.
Inc.—Output-
this
of
1999.
announced
on
April
17.—V.
163,
1718.
p.
&
share
one
Net
said
income
Earned
—V.
by
if
not
T.
,
$50
of
stock
.
.
a
'161,
the
for
if
new
such
paying
taxes
75 690
352,760
$2.67
$0.34
2438.
p.
Utilities Corp.
and
exp.
Net
Non
1946—12
Gross
$150,559
134.647
122,004
$1,885,682
1,559,234
$27,833
$28,555
$326,448
386
income
Int.
income...
corp.
365
4,594
"-6'*
$28 219
$28,920
$331,042
8<13i55'
15,055
income
Preferred
Common
stock
15,216
182,072
260^58
$13,704
$148,970
$I52'^?
2 9;
239
surplus
COMPARATIVE
33,000
33.0UU
$5,215
$12,931
CONSOLIDATED
2,827
8,250
233
stock
Balance
Mr.
•
$13,164
& other deductions.
Net
Mos.—1945
$1,753.39''
l,34fL>h>
$162,430
taxes..._
income
oper.
oper.
Subs.)—Earning?
(&
1946—Month—1945
revenues
Oper.
$3
meeting,
telephones at the
thet for the curtimes more tele¬
three
seeking
to
is
be
given
the
raise
done
Gifford
by
the
in
capital
$113,143
$116.8/4
INCOME
STATEMENT
$162,428
$148,840
$1,899 268
Mos.-1945
$1,762.93-
131,669
117,487
1,573,416
1,358. UJ
$30,757
$31,353
303
351
$325,852
4,546
$414 826
2 4U
income.__
S31.060
$31,704
$330,398
15,052
15,212
181,912
S412 41^
256. <R>
$16,008
$16,492
$148,486
$155,654
234
240
Per'od Ended Feb. 28—
.
Operating
Oper.
revenues
and
exp.
taxes....
1946—Month—1945
1946—12
right
property
offering
to
of
in¬
and
to
Non
income
oper.
income
oper.
Co.,
Gross
corp.
sub¬
expansion
debentures
a
Net
higher
Electric
Western
response
rate
obtain
preemptive
required
through
said
its
new
to
'
u*
is busti" engaged in its record $2 billion
Mr. Gifford said.
query.
The company
program,
Mr.
or
endeavoring
is
now
manufactured
would
securities
and
share
year.
even
financing
stock,
two
possible necessity for
necessary earnings to attract
company
shareholders
the
of
start
the
to
the
install
to
preceding
prices for products
subsidiary.
Present
scribe
any
charges
Int. & other deductions.
expects
again
obtain
to
that
selling
in
the
at
after
net
202,352
.
companies are installing
disconnections, and
system
day
a
1944
$2,418,972
152,818
outstanding
common
Operating
a
stockholders
to
shares
per
Associated Public
of
margin
a
after
Period Ended Jan. 31—
shares paying $3 each."
companies with smaller divi¬
more,
trouble -with- regulatoi-y
utility
much,
as
1945
$3,065,501
Sales
on
three
or
other
present
system
referred
funds,
5,500
$399,773
Dividends
—V.
in
$2.49
1946,
Armstrong Rubber Co.—Earnings-
by employees' union representatives.
remarks
additional
Net
debt
,! .'
Gifford
Inc.,
inc.
173,123.906
Quarter Ended Dec. 31—
regulatory authorities merely by
Gifford said.
"It makes
little
the
or
holder
T.
A.
the
favor.
creases
Total
of
Co.—Split-Up
about 18-to-l rejected two reso¬
The first of these
month minimum pension payment
to retired employees.
The second resolution would prevent the com¬
pany
from
deducting
social
security
payments
before
calculating
benefit
payments under the pension
plan,. The vote, on resolution
number
one
was
10,998,447 against and 651,473 in
favor,, and on
the second resolution the vote was 11,007,140 against and 644,080 in
offered
rent
Other
had
than
double
In
Crl 19
and
of
sales
they may not."
outstanding 20,166,251 shares
the
that
rate,"
added,
stockholders
lutions
1943
public
the
he
have
rates
would
Years Ended June 30-
1944
6,936.376
182.357,023
change their minds or
may
dividend
annual
dend
STATEMENT
the
whether
share
Furthermore,
3,000
1945
7,182,038
46,825,563
Tel.
charged w.th
Exchange
Telegraph
&
suggested
dividend
the
New York Hanseatic Corp.
C. E. Unterberg & Co
6 Mos. End.
directors
had
fool
can't
difference
&
The
3,000
CONSOLIDATED INCOME
Cost
include
to
1718.
4-for-l.
Meeds..
Dec. 31, '45
adjusted
been
p.
has been considering for years whether to take
Gifford said.
"It is not a new subject," he added,
do not
see
that the advantages outweigh the dis¬
we
stockholder
split
The
I
1946—3 Mos —1945
the capital stock is not contemplated,
Walter
told stockholders at the annual meeting held
Mr.
date
3,000
Corp.
Redpath
&
1,877,564
50,225.611
Products, Inc.—Dealings in Stock—
The name of Anchor Post Fence Co., bv amendment to its certificate
of incorporation, has been
changed to Anchor Post Products, Inc., and
transactions
in
the
common
stock
of
the
company
are now being
recorded under the new name of the corporation the New York Curb
Planned—Employee Proposals Lost—
of
action,
Laird,
Bissell
reduction
Common
7,000
Rhoades &
Co,
Gross
of
management
5,000
Co
Securities
1,825,793
Tel.
March,
13.1'4
$67,902,266 $54,893,352
President,
7,000
M.
163,
Telephone
Shares Not
"and
No. of
White,
20,000
Corp
have
sales
1945
American
Shares
20.000
of
stk._
Power
April 17.
shares
No. of
Weeks
&
$16,841,653
$20,957,624
Danahy-Faxon Stores.—V.
Old-Fashioned
second
47.546.265
180,030,282
105.
p.
1946—Month—1845
Sales
product
Shares
Hornblower
Paul
161,
45,262,734
189,539,061
held
for
week
a
Sales Increased 24,4%—
Stores Co.—March
American
Period End. Mar. 31—
Tne
Union
and granted
11;905,358
48,703,127
American Water Works & Electric Co.,
certain
to
respect
officers,
company
9,980,987
Anchor Post
edible sugar cane molasses
the United States,
UNDERWRITERS—The
has
by
enforcement order.—V.
court
a
227,60'-.547
nations
was
reduced to $12.
The previous rate was $21.75 for a call between
Eire, and New
York,
and
higher for points further west.
At the
same
time, the
service
was
resumed
for
public calling on a fqll
request to reopen hearings on this matter.
The Commission said if the plan is modified Jt will frrant American's
request
8.406,966
234.801,795
stk
three-minute
common
States
Amer can
stocks.
incomplete
is
securities
of
Dr30,34'2.716
Lower Overseas
distribution.
record
the
sales
ana
1,345,512
60,608,485
Co.
States
of
common
share.
The
219,199,581
Tel.
Lower
each
that
it now stands provides that while each preferred share
share, each six shares of common receive only
as
one
+265,144,511
52,051,404
Amer.
Co.
peacetime
plan,
59,262,973
62,032,391
stks.
to
subsidiaries
distribution.
receive
141,923.625
+95,755,588
,_Dr33,723,197
(net)
sh.—Amer.
in
and Edison Sault Electric Co.,
shares
each
that
and
three
provide
to
California Water Co.
stocks of Southern
289,262.146
147,536,58)
income,,
consol.
inemde
rights."
respective
their
preferred
States
1,143,4 >0,962
+221,370,379
35.124,261
income
Tel.
was
or
amendments
Commission" asked
1,319.248,479
76,036,158
"Figures
a plan for its liquidation and dissolution.
SEC said "It is our considered judgment that
preferred stockholders "would rece.ve more than
equivalent of
table
equ
The
295,8.09,037
company
by an independent market
of the company
and
its
survey
a
the
under
nationally
Agriculture,
of
the largest blender and distributor of
now
in
The refining of raw sugar was commenced in 1936, in
refinery built by Sucrest Corp.
According to informa¬
States.
new
tion
1945
+7,957.236
inc.,,
income
with
Exchange
and
the
under
partially inverted sugar syrups,
edible
molasses
and
It also develops and markets al'ied specialty products.
Prior
to
1936
the
company
and
its
subsidiaries
were
primarily
engaged in the molasses and sugar syrups business and dealt in direct
consumption sugars obtained from off-shore areas and the continental
United
1946—12 Mos.
38,811,761
inc.
and
1945
and
blackstrap.
1946—3 Mos.—1945
deductions
Per
1945
which to amend
one
from
processed)
and
$8.47
REPORT
361,421,685
&
company
consumption
States,
173,321 152
$8.86
EARNINGS
on
Applic. to
U62.
p.
its
In
William
Co.
of
days in
30
of
inverted
180,066,000
$2.07
CONSOLIDATED
expenses,
taxes
subs,
$20,906,770
$20,736,791
States Utilities Corp.—SEC Allows
Securit.es
The
purchases
refined
43,8.92,282
$2.28
SYSTEM
by public
Liquidation Plan—
receive
by
shares
shares..! —V. 162,
ferred
company and its subsidiaries are engaged in the refining and
distribution of granulated cane sugar, the purchase and distribution
United
163 065 879
45,570,000
taxes
Applic.
and $15,437 in 1944. fAfter reserve
and $1,956,676 in 1944.
iReprecommon stock
(and in 1944 also 739 pre¬
in
$9,606
of $2,026,343 in
5,900
subsidiaries,
The
direct
177,323,000
1,793,880,314
Net
3,400,041
Dr-269,020
costi
(at
treasury
of
reserve
.depreciation
business
a
Taussig, grandfather of the present president of the company.
/
The company has 13 directly or indirectly wholly owned subsidiaries,
the most important of which are Sucrest Corp., The Nulomoline Co.
and
2z.652-29t)
40,392,953
185 718 16r«
1,953,299.958
Int.
11,000,000
.
______
American
incorporation
of
change the authorized capital stock fropi 400,000 shares (par $10)
to 750,000 shares (no par).
In connection therewith, each one share
of common stock (par $10)
was changed into IV2 shares of common
stock (par $1) and the capital account of the company was reduced
rom $3,093,400 to $464,010 and the capital surplus was increased from
$74,394 to $2,703,784.
to
the
2i,374,000
466,232,429
Total
3,352,800
11,000,000
$100
...
I
"After
for
company.
certificate
the
1946,
9,
198,697,000
5,485,350
825,579
payable Jan.
surplus
ICapital
sinking
the
under
consolidated
45,878.303
4,480,000
503,946,270
SOther
,
fund provision is based upon the amount
of the company and its subsidiaries
(as defined), but in no event more than
$50,000 per annum.
The
performance of the company's covenants and agreement:, in the loan
agreements under which these notes were issued is guaranteed by
toe
4 189.926
DM,278^262
50,556,000
share
per
Net oper.
58,184
217,050
254,502
2
3 329,030
6%
stock
Common
796,133
59,292
contingencies
stock
on
cipal amount of the note due on Feb. 8, 1957, was paid in accordance
with the terms of a sinking fund provision.
The amount required to
of
4,569,000
Fed.
$500,000
171,501
income
on
preferred stock payable Jan.
on
Dividend
the principal amount of $125,000 on
Feb. 8 of each year to and including 1957.
The interest rate is 2Va.%
per annum on notes maturing through 1951;
3% , on notes maturing
1952 through 1954; and 3V2%
on notes maturing 1.955 through 1957.
Tne note due on Feb. 8, 1946, was paid when due, and $50,000 prin¬
become
$400,000
139,667
payable
taxes
Dividend
$1,325,000
$1,500,000
1946-1957
•Negotiable notes due Feb. 8,
(Common stock
(par $1)
notes
166,949,000 158 557S48
1,142,857
Drl82.107Drl6,063,000
23,000
$
$20,906,770
payable
Federal
Outstanding
Authorized
-These
38,693,064
1,121,000
revenues,
Other
Notes
as
39,9oo.00d
Period End. Feb. 28—
LIABILITIES—
adjusted effective March 9,
CAPITALIZATION—Capitalization,
ts
10.037'.91fi
24 243 557
Operating
Registrar,
New York.
Trust Co. of New York.
of
Bank
National
Chase
agent,
397
9^4
62 431 000
Operating
ceeds of the sale.
Transfer
18,084,000 +32,985,000
46,076,000
BELL
5,000,000
66,555
patents,
$
9.955,000
Dividends
557,049
,
.5,000,000
75,960
$20,738,791
marks,
1945
$
+43,242,000
(net)
income
231,302
.
ALONE
"1946—12 Mos.
6,224,48)
deductions
7,959,580
to
2,603,781
income
Earnings
assets
Other
756,226
supplies,
goods,
tobacco,
us
9,424,000
income
tNet
CO.
230,728,000 230,591
32,573,129 144,546,000 133 873
7,515.000
..
income-
Total
permit
2,505,Q00
income
Interest
to
TELEGRAPH
59,485,399
income__
oper.
Interest
2,102,667
" 306,891
2,130,248
100,000
215,000
488,732
accrued
ana
common
savings
Leaf
1,881,589
281,998
1,962,502
100,000
200,000
necessary,
&
56.317,000
36,875,000
income
.Dividend
1944
$1,481,252
Other
interest
accrued
Gt.x.i
in
where
$
taxes
Net
1945
$l,oaZ,686
banks
Government bonds and notes at cost and
and
.and
w.,
S.
U.
taxes
Other
31
ASSETS—
Cao_.
Preferred
Co.—Stock
Molasses
Operating
tTransferred to reserve for market¬
tin-
telephone rates.
$
securities nuciuations.
BALANCE
and
TELEPHONE
"1946—3 Mos.—1945
Period End. Mar. 31-—
232,734
998,430
.
credit of $9,059.
After postwar
when
bodies,
AMERICAN
$1,154,471
share
per
OF
$1,034,357
for year...:
in
we
by inqreases in
revenues
EARNINGS
$1.84
dividends
Earnings
U.
American
17,015
made
made substantial further wage increases during the firt
If costs continue their upward trend, we shall ha ve¬
regulatory
increase
$1,171,486
14,759
been
ahead, however, to restore
we were giving beiore the war and our
it even better.
1946.
237,168
838,200
net profit
Remainder of
of Greensboro, N. C., wrote
The Dixie Fire Insurance Co.
Indemnity
$1,049,116
securities
marketable
be
of
ask
has
work
shall continue to have extensive shortages oi
in
fact,
with the continued
unprecedented
spite of all we can do, our plant and ecum"
greatly overloaded for some time to come.
1946,
The System
quarter
improvement
some
great deal of
equipment;
service, in
for
will
ment
21,573
and
a
wnich
to make
is
course,
and
demand
"81,528
from
income
ot
still
service
Throughout
plant
692,903
Preferred dividends
able
premiums.
aim,
$1,967,495
6o*,ood
surtax...
and
tax
prouts tax
Co. of Dayton, Ohio, wrote $935,311 in
§4-67 655 in premiums.
and that of the Dixie
30,272
$1,718,518
14,7o2
normal
profit for year
t Portion
$2,778,723.
Columbia Fire Insurance
170,151
to
Common
The
$1,767,072
147,490
--—,
marketable securities
on
profit
Sundry deductions
Reserve for Federal
$12,043,098, a gain of $1,768,147.
On the basis of Dec. 31,
1°45
actual market quotations for bonds and stocks owned, the total
j dm'tted assets
would be $12,277,696 and the general voluntary reserve
totaled
$1,548,531
22,498
dividends
Sundry income
of
of
care
is
There
speed
distance
long
high.
taken
been
service.
the
Interest
M'
service also continues to increase and
Currently, long distance calls are about Kv
than a year ago.
Construction of additional long dhtanr'i
has proceeded
at a rapid
rate and as a result the growth
of
use
record
a
greater
■
Profit from cperations
the
The
at
7,697,159
82,190
176,323
7,825,449
64,398
129,571
expenses
Reserve
at
humanly possible.
as
1944
$9, <22,744
1945
,
discounts, etc
adv., admin. & gen.
allowances,
less
sales,
have been
unprecedented
already
tinue
despite
Co.—Annual Report—
Snuff
American
Calendar Years—
Cost
cared for.
New applications, however
eon
levels.
This new demand is so great thai
record-breaking pace of current installations, about onand
three-quarter mi.lion applicants still are waiting.
We are con
centrating our efforts on giving service to all who want it just as f. J
half
on
block of
Gross
prospective subscribers at the first of the year whose applications ha
been deferred for lack of facilities, we are happy to say that
abou?
Offering—Blyth & Co. and First of Michigan
April 4 effected a secondary distribution of a
15,208 shares of common stock.—V. 163, p; 1558.
ondary
original member of the Group, wrote
income of $24,593,830 in premiums.
convention values, were $58,406,126 and
produced
that
ies
r
Radiator
American
o 1
..
ended Dec. 31,
income of $32,024,529 which is the largest
investment income of the Group was $1,525,-
^The^America^ I^sura" ce63^©.,
nrr
.
,
,
reports for the year
Group
Insurance
smprimn
*
in
Annual State¬
J.
states:
beginning of the year, the Bell System has' added close 1
additional subscribers—a rate of 10,000 per calendar dav
twice as high as .in any previous period.
Of the two mi 11 in
million
almost
Co., Newark, N.
American Insurance
Gifford, President,
S.
the
Since
one
or
stockholder's
construction
Net
income
Preferred
Common
stcok
Balance
—V.
163,
to
p.
surplus...
1999.
$15 774
$16,252
2,821
2-9J,J
33.000
stock
33.000
$112 665
$H9-74:
Number 4483
163
Volume
THE COMMERCIAL &
FINANCIAL CHRONICLE.
Art-Craft Briar Pipe Corp., Brooklyn, N. Y.—To Offer
Stock to Public in Expansion Move—
corporation has arranged with the investment
The
banking firm
of
Cantor & Co., New York, to offer 100,000 shares of common
the public at $2.25 a snare.
oi the financing is tor further expansion of the rapidly
orowing corporation.
Immediate plans have not, as yet, been an¬
nounced, but according to Morris Beizer, one of the top executives
oi
the corporation, a number oj. innovations are forthcoming in tne
near future.
G.
B
Mock to
Purpose
Avon
Allied
Products, Inc.—Stocks Offered-^Investment bankers headed
by Hemphill, Noyes & Co.; F. S.
Moseley & Co. and H. F. Boynton & Co., Inc., on
April 16
large loss in revenue brought about
by the major strikes which
began last November and resulted in virtual
stoppages in the automo¬
tive, steel, electrical appliance and related
industries.
"And now," he
added, "the bituminous coal industry, which is almost
offered 35,000 shares of
4% ($50 par) cumulative pre¬
ferred stock and
100,000 shares (no par) common stock.
The preferred stock was
priced at $51 a share, plus divi¬
dends, and the common at $19 a share. All of the com¬
stock
mon
offered
and
14,800
shares
of
the
stockholders
The
italization
of
.snares,
on April
16 voted to increase the authorized cap-'
1,000,Ouu shares oi $100 par value eacn to 1,500,000
from
which 150,000 will be preferred stock of $100
shares common stock witnout nominal value.
1,350,000
Tne directors
.similar
payment
was
The
of
June
March
13,
of
$1
holders
to
on
last
amendment
same
13,
made
on
made in March
was
dividend
cash
a
June
on
while
laib,
13,
Gee.
declared
payable
stock,
mon
last
13
1945,
$1.75
share
i
record
of
and
May
paid.
was
the
com¬
16.
Sept.
on
A
and
13
No
payment
year.
company's
charter
also
limits
voting
and preemptive rights of stocknolders and provides tnat
principal oflice oi the company be in Richmond, Va., instead
powers
Petersburg,
dared
of
Atlantic
dividend
casn
a
record
of
the
of.
Va.
directors
The
May
Coast
$2
ot
like
A
16.
Line
Co.
share,
per
amount
was
of
Connecticut
payable
paid
June
June
on
13
13
also
de-
holders
to
Dec.
and
The Atlantic
Coast
.standing
The company
nminate
dispose
cir
question
any
its
ox
refunding
which
share
has
lor
a
snare
the
ior
value
par
of
the
to
as
tne
of
power
stock
common
transactions.—V.
163,
tne
less
at
present
plus
which
issue,
value
par
in
into
The
will
calls
vote
for
May
the
plus
privilege
tne
ior
lour
out
of
of
of
"A"
the
approving
on
of
plan
a
cumulative
a
Holders
cf
the
on
stock,
share,
per
prior
basis
cumulative
common
of
recap¬
convertible
prior
value,
has
annual
an
is
callable at $80
stock would be given
ana
"A"
of
prior
preference
prior
value
par
of
share
one
convertible
without
exchanged
dividend
hence
1946
be
must
and
canceled
The authorized
to
as
the
provisions
required
for
exchanges
-cumulative
convertible
of
•amount
$3.75
and
"A"
stock,
in
After
of
adoption
deposits
oi
deposited,
the
und
of
$32.50
to
the
share
a
prior "A"
as
be
the
and
52.50
52.00
Avon
ucts,
Feb.
on
&
Trust
the
manufacture
substantially all of
subsidiary, Avon
to
2,
amendments,
stock.
Wnen
the
125,880 shares
total authorized
board
shares
21,100
York,
and
toiletries.
its
the
would
call
75'v
(over
for,
are
i
are
board may declare exchanges of prior "A" effective,
exchanges efefctive when 25,300 shares lover 90'<■)
company
of
name
was
incorporated
California
Perfume
Commissioner
of
would
Revenue
that,
Huuld
Code,
be
received
gain
the
as
the
he
but
would
ruled
reorganization
a
Code,
the
in
not
respective
long
term
that
under
gain
any
amount
an
by
be
has
Revenue
the
in
exchange
recognized
so
under
recognized
on
Internal
constitute
proposed
the
Internal
the
on
excess
exchanges
of
the
stockholder;
short
or
the
cash
that
capital
term
the
gain,
recognized.
All
case
Plasa,
New
York
in
number
New
Co.,
and
that
loss
no
from
the
exchanges
and
officers
of
the
have
company
approved
the
pro¬
recapitalization.
CONSOLIDATED INCOME ACCOUNT FOR 8
DEC.
■Gross
profit
31,
MONTHS ENDED
.20,
N.
enterprise
amendment of
the
company
cumulative
the
1,455,481
Balance
Other
$670,180
income
(net)
2,133.
depreciation and interest
!
$672,312
8,000
Interest
as
for
Federal
taxes
will
be
certificate
of
$305,820
1945
865,729
Total
$1,171,549
Dividends
paid
112,436
Surplus at Dec. 31,
1945
CONSOLIDATED
$1,059,113^
BALANCE
SHEET
AT
AS
DEC.
Common
stock
'Exclusive
(no
$840,612;
receivable—trade
lower
ment
of
or
eight
of
annual
with
by
with
U.
S.
31,
1945
4,000
Treasury
for
taxes,
mutual
insurance
companies,
$448; postwar refund of
reserve,
notes,
$185,000;
accounts
of $197,301),
$1,822,184; inventories
$3,154,088; property, plant and equip¬
depreciation of $217,052), $66,313; deferred
licenses, insurance, interest, etc.), $21,862;)
$27,167;
ad¬
employees'
profits tax, $23,690;
excess
$6,141,364.
be
will
used
Inc.,
to
be
to
to
contingencies. $350,000; $5 prior "A" stock (28,109 shares without
par
value), $843,270;
common
stock
(125,734.8
shares without par
value), $125,735; 7%
cumulative preferred stock, ($100 par value),
-S12,100; contributed surplus, $557,672; appropriated for and arising
of
"ince
purchase
May
1,
of
prior
"A"
stock
$1,059,114;
1929,
for sinking fund, $408,600;
total,
$6,141,364.—V.
163,
p.
earned
1855.
24
Net
Weeks Ended—
Mar.
16,'46
$6,257,569
418,074
680.828
159,000
Dec.
Earnings
'Based
$270,178
per
on
$0.57
$0.60
share
present
Nathaniel
constantly
"Sales
P-
as
its
the
in
Outstanding
50,000 shs.
the
$139,000
$138,000
50,000 shs.
the
for
the six months
the
war
rapidly
President,
with
serious
stated
shortages
that the company has been
of products, even more so
following the end of the war than
at any time
31,
as
that
there
restrictions
on
will
be
products
a
substantial
are
increase
eliminated.—V.
in
163,
895.
tkTp
""T"T
,
The Commercial and Financial
.
Net
1945,
1,
$1,750,000
1956,
of
each,
beginning
on
Dec.
$943,145.
30,
of
Of
Dec.
30,
&
will
than
that
York,, in
stock
20,200
this
shares
of
the
$500,000
amount,
reduction
of
its
2*/4%
&
R.
via
O.
each
stock
of
property
on
are
shares
the
be
to
underwriter
of
the
note.
facilities
manufac-
a
stock
shares
of
from
the
of
to
be
common
selling
stock¬
follows:
From
From
Company
From
Stockh'rs
Stockh'rs
11,110
8,140
25,000
5,050
3,700
2,960
10,000
10,000
Smith, Barney & Co
Glore, Forgan &Co.
Hayden Storre & Co.
10,000
8,000
.
Toledo,
improved
&
Proceeds
•
poration's
The
be.ng
O.
tion's
used,
3,000
STATEMENT
FOR
CALENDAR
1945
Gross
sales,
less
discounts,
Cost of geeds sold
&
General
shipping
&
adm.
Provision
for
Gross
etc
5,489,040
6,020,128
5,400,120
807.585
accounts
5,890,517
6,459,416
expenses
and
r.MB.
Io
fopr,
TT
s
Detroit
Detroit
York
the
main
with
with
B.
O. passengers
station facilities
wnich
shorter
have
&
larger
had
is
miles
seven
running
time.
through sleeping
between
Toledo
and
no«Co
Jr'William g.
Chroigle (R D
Ses gf|. STelleSt^^^ CWcaS rS
car
Detroit.
1946—2 Mos.—1945
$9,026,819 $20,616,641 $18,781,862
5,868
19,669
13,792
$0,791,340
$9,020,951
7.333,609
5.853,625
1.002,247
1,910,510
$1,455,484
$1,256,816
$3,462,324
$2,580,196
815,073
2,571,118
1,700,475
1,109,981
of
April
17
iiled
issuance
cumulative
of
vith
of
the
SEC
53,695
of
registration
preferred
stock
statement
(no
100,and
par),
common
the
financing
will
2*47,
be
to
and
will
use
be
used
debentures
added
a
to
ol
in
and
general
portion
commercial
directors
cents
of
record
such
paper.—V.
part
to
15-year
funds
and
funds
163,
redeem
2%'/,
it
to
the
reduce
cor¬
corpora¬
outstanding-
1856.
p.
the
debentures.
is
per
on
April
share
April
10
the
on
25.
The
declared
common
previous
a
regular
stock,
rate
quarterly dividend of
May 15 to holders
payable
was
25
cents.—V.
163,
2000.
p.
William P.
holders on
Witherow*
President, at the annual
meeting of stock¬
April 18 announced that the
company had completely recon¬
verted its peace-time
plants and since V-J
Day has been booking orders
for peacetime
products at the greatest rate
in the
time
company's peace¬
history. He also sated that a
large proportion of the
termination claims had
company's
already been settled, and that
negotiations cov¬
ering outstanding claims
were
proceeding satisfactorily.
The stock¬
holders werq advised
that as of the end of
the year the
working capital was close to
company's
$14,000,000 and earned
to $7,300,235.
surplus amounted
In
commenting
first-quarter
that
strike,
which
on
prospects
operations
closed
most
for
1946.
were
of
Mr.
affected
Witherow
by
the
pointed
nationwide
out
steel
the
company's plants ior a large
quarter and by the
part
"inadequate prices for many of its products
required by OP A
regulations.
Since these products
are
purchased
of
the
generally
his
relief
He
that
or
cost-price
to
belief
production.
The
reduce
that
there
his
"Id
wo
manufacturing
present
voiced
inequities.—V.
he
163,
by
costs,
governmental
hope
that
some
the
Mr.
Witherow
controls
OPA
are
would
change in the law
grant
further
cure
existing
to
2141.
p.
ex-
impeding
Co.—Transfer Agent—
Chase
National B
transfer ageni of
value.—V. 163, p. 1356.
pointed
nk
of
the
the
$2,617,515
39,135
19,441
Bon-Ami
$2,364,814
$2,789,566
$2,636,956
Income
deductions
243,991
201,299
105,611
Federal
income
363 739
392,990
Citv
of
New
1945-
—
Earn,
convertible
York
has
been
preferred stock,
ap¬
no
par
Co.—Earrings
Period End. Dec. 31
Net inc. after
chgs. anJ
—V.
$2.25
Mos.—1944
1945—12 Mos.—1944
$29" nfyl
class
per
162,
B
$314 f)c8
$1,159 000
$0.82
$1,081,297
30.87
$3.20
$3.01
share
2387.
365,213
excess
income
taxes
profits tax_^
979,354
taxes
1,626,511
1,424,092
11,544
10,406
Crl62,651
Crl42,409
$765,493
$719,871
$874,041
1,935
1,648
1,647
$763,557
$718,223
$872,394
357,600
357,600
327,800
12,235
refund of excess profits tax
p.
Borg-Warner
Corp.—Preferred Stock Offered—A na¬
tion-wide syndicate headed
by Paul H. Davis & Co. and
including
Net
income
Inc.-applicable
to
minority
interest
income
..
Cash dividends
—V.
163, p.
1718.
Corp.
par)
at
on
Glore, Forgan & Co. and Union
Securities
April 17 offered 200,000 shares of
3V2% ($100
cumulative
$103
per
preferred stock.
share and accrued
The
stock
was
priced
dividends from April 1,
Fifty-nine investment houses from coast to
coast
participated in the offering. The issue has been
1946.
Baltimore
ment
&
Ohio
RR.—Annual
supplementing the
Report—In
state¬
1945 annual report which was
a
over¬
points out that disturbing factors have entered the rail¬
during the last few months.
road situation
1945,"
Baltimore an') Ohio had
Mr.
White
said,
"and
it
a
net
now
income
appears
of
nearly $16,000,000
that
for
the
jnonth§ of this year we will have a $13,000,000 deficit.
"There are two rri^ripal causes for this," he continued.
first
for
four
"First
is
The
corporation
cr.e
automotive
equipment,
nf
wr»ld's
household
cultural
dustrial
machinery,
used
plant
aviation
principal manufacturers of
appliances, steel, parts tor agri¬
equipment
from
for
system
the
financing
expansion
and
and
for
»rQ
estimated
modernization
acorn-it'-m
and
of
present
products
■
rd
-r'^hi^nal
other
many
at
in¬
and
will
$20,035,875
the
company's
construction
According to the prospe"tvs this expansion
opportunity for lower
menufacturing costs,
for
and
products.
Proceeds
bei
tools,
of
program
an
facilities
will
increase
for
extensive
other
new
facilities.
provide
in
In
-Usiness
Business
*
.
- -v
—- -- r
.
^
,
an
capacity
products.
patent Office)
^ .
Rigffs
as
Blaw-Knox Co.—Plants
Completely Reconverted—
48,892
$2,750,431
64,055
income
a
$20,000*000 15-year
debentures,
convertible
658,660
55,491
credits
$20,596,972 $18,768,070
14,761.004
11,911,136
2,373.644
4,276,738
William B. Dana Company, Publishers, 25 Park Place, New York
8, N. Y., REctor 2-9570.
Herbert D. Selbert, Editor and
Publisher;
Manager.
Published twice a week [every Thursday (general news and
advertising issue) with a statistical issue on
unices'
135 S. La Salle St., unicago o. xu.
Mondayl.
Other
»:
State 0613):
(Telephone: KJUOrU\j VVAMII 1 E
State 0613):
Doers' Gardens. London._E. C.. England., c/o Edwards &
as
Smithy Copyright 1946 by William B. Dana Company. Reentered
second-class matter February 25. 1942. at the post office at New York. N. Y.. un^ar the Act of March 3, 1879.
ffice at New York.
Subscriptions in United States~and Possessions $26 00 ner vear-'in hnmVninn
Canada, $27.50
Canada7~$2fifo per "year 7 South and Central America Sn*m Mexico orrt ru,wa
year;
per
<>eat Briton
we
---•
'
^straiia^idA fries Si' m£J?
note: On account of the fluctuations in the America^ exchange, remittances for
rates of
foreign subscriptions and advertisements must be made in New York funds.
*
p
William
as
New
—Month—1945
10,851
taxes
Total
in
the
1.010,248
(E. W.) Bliss
$2,300,758
income
in
Best & Co., N.
Y.—Dividend Increased—
The
1943
$14,214,228
6,174,296
profit
Other
be
Pennsylvania—Earnings—
1946
rev.
10-year
loans
40
YEARS
1944
$15,797,548 $15,824,754
expenses
doubtful
for
Toledo
Marquette
$9,802,191
.
income
intention
bank
presesd
4,000
INCOME
of
connecting
them
and
patrons
Pere
.
balance
industry
4'22°
Co
Bissell & Meeds
CONSOLIDATED
will
the 400,000 shares
proposes
of common stock
to stockholders at
$12.50
share, pro rata, on the basis of
one share for each
five shares held.
offering will not be underwritten.
8,000
Co.
Noel
it
increase
between
Station
lines
service
aaord.ng
DTro t
h
the
the
1560.
p.
shares
8,000
Company
Alstyne,
that
257r
a
trains
Central
1718.
operating
shares
per
10,000
4,040
F, S. Moseley & Co
H. F. Boynton & Co., Inc.—
Goldman, Sachs & Co
Van
settled,
This
owned
now
preferred
number
purchased
as
Hemphill, Noyes & Co.
Laird,
are
stock.
Eastman, Dillon & Co. is named
principal underwriter of the
debentures and preferred stock.
According to the registration
statement, the corporation
to offer
will
-No. of Preferred Shs.- Com Shs.
&
and
than
passenger
over
and
in
now
years
Detroit
p.
163,
400.000
the company
including erection of
unit
and
company
preferred
by
basis
less
Michigan
in
both
one
on
preferred
approximate $925,000 during the nex 12 monhs.
from
and
holders,
questions
great
the
debentures, dated Aug. 1, 1943, and
Products, Inc., with respect to which the
to principal and interest.
The balance of
number
1945.
point.
between
the
3D
R.
result
route
income
000
1955.
by
Products, Inc., in Pasadena, Calif., and the purchase and installa¬
tion of machinery and
equipment at the company's Suffern and Middletown plants. It is estimated that the total cost of
carrying out this
UNDERWRITING—Th6
of
rate
not
Avon
program will
labor
our
period
present
operate
Detroit
at
Detroit,
a
to
O.
covering the proposed
1947,
3'/a "c
Avon
in
Beneficial Industrial Loan
Corp.—Registers With SEC
Corporation
to the company's subsidiary, Avon Products,
Products, Inc., to make payment of such amount
New
than
more
51596,000 shs.
company was guarantor as
the proceeds, together with other funds in
the treasury of
and its subsidiaries will be used to
expand and modernize
of the
company and. its
"The
period.
expects
B.
from
163,
—V.
treasury.
from the sale
Bank,
first
$13,000,000
business activity
the volume of business
it is clear now
oi
the
use
will
Operating revenuesOperating expenses
Operating taxes
loan
a
Avon
to
subscribed.
fiscal year ended Sept. ^30,
current year is still subject to
company's last
income
a
railroads
28,
will
and
Operating revenues
Uncollectible oper.
in
mailed to stockholders April 17, Roy B. White, President,
Leverone,
faced
company
as
McConnell
capitalization.
profits taxes.
The
H.
410,650'
$259,074
.
NOTE—-Inasmuch
1945, a quarter of
during
■during
of
approximately
National
Feb.
Net
earnings
•excess
D.
Mar. 17/45
taxes..
Taxes
Net
late
amounting to $1,750,000, on which note the company is guarantor
principal, interest, and premium, if any.
The proceeds of this
loan, together with treasury funds, were used to redeem, at
103, on
Postwar
$5,469,569
income before
as
to
our
Period End. Feb. 28—
business
a
to
Other
Sales
toon
Bell Telephone Co. of
sales
the
to
par)
held
of
proceeds
make
enable
Chase
qs
Ff.aeral
Automatic Canteen Co. of America—Earnings-
—V.
under
now
Selling
lor
$6,u00,000
as
on
the
between
For nearly
Net
($50
shares
instalment
PURPOSE—Net
reserve
LIABILITIES—Bank loans, $600,000; accounts payable (trade), $901,584; accrued wages and commissions, $74,794: accrued taxes, $1,017,527; special deposit, $35,969; reserve for advertising, $155,000; reserve
«ut
to
successor
the
pari
instalments
final
a
Shields &
market),
reserve
(prepaid
vances, less
total,
(after
cost
(after
•charges
•deposits
1916,
600,000 shs.
stock
the
over
period
Commerce
that
April
on
change
also
service
NOTE—Company will have no long term debt, but it will be guarantor
as
to principal, interest,
and premium, if any, of a 2
r'c note of its
subsidiary Avon Products, Inc., aggregating $1,250,000, maturing in
Riter
ASSETS—Cash,
grant
east
the
and
follows;
as
pref.
350,000
profit
Surplus at April 30,
'at
27,
8,492
Provision
Net
independent
Jan.
Authorized
purchased
Total before
Depreciation
to
RR.,
shorter
proposed financing and
incorporation, the capitalization of
subsidiaries,
$2,125,661
expenses
of
The
Y.
turing-warehousing-shipping-office
1945
sales
on
Selling and general
,
would
of
York
Inc.,
CAPITALIZATION—After giving effect
the
prorated
this
added, is the steadily increasing cost
being estimated that 1946 operating ex¬
be
principal office of the company is located at 30 Rockefeller
The
individual
an
for
he
it
will
believe
terminal
and
engaged
1886.
due
directors
posed
be,
may
is
as
stock
The
supplies,
account
I
points
line
to
subsidiaries,
and,
year,
which
large
a
factor,
confidently look forward
Beginning
and
their
originated
deposited.
recapitalization
can
52.00
Y.
its
representatives.
The
and
this
on
necessary
manufactures
or
packages
principal distribution is through
distributes its products di¬
Its
this
freight rates, and possibly more."-
sale
Inc.,
of
this country, but
regardless
that we cannot
Company
products.
Products,
through
consumers
N.
with
declare
must
we
throughout the United States
toiletries, Perfection household anud food prod¬
and
Ambrosia
its
rectly
New
BUSINESS—Company
cosmetics
and
Co.,
disturbing
Commission.
agehts, Irving Trust Co., New York (for
preferred stock),
National Bank, New York (for common
stock).
Registrar,
&
increase
first
bring total net deficit
is
Central
Bank
the
obvious," Mr. White
emphasized, "that the only way to assure
solvency of the railroads unuer private
owershlp and management,
through a substantial freight rate
increase, and to this end the rail¬
roads have
already submitted their petition to the Interstate
51.00
Chase
the
is
51.50-
51.00
1966
Strike
year.
the
51.50
51.50
1,
January of this
Speeds Up Service—
1966—
May
in
a
deficit," Mr. White continued, "is the
wage
railroad employees.
This, it is estimated,
$28,000,000 for the current year.
The
O.
will
materials
"It
52.00
1961—
is exchanged.
320,000 shares.
proposed
$
1956--
of
plan, including the maximum amount
prior
"A"
stock and
for
conversion
of
prior preference stock,
53.00
$
30,
the
of
"A'
prior
of
1951
through April 30,
through April 30,
after
to
months,
penses
Option
Sinking Fund
Redemption Redemption
through
cash
reissued;
never
stock would be increased from
would
common
much
so
common
cover
to
amounting
arrears,
eliminated
are
of
follow¬
1961
4'i
•and
the
1956
HISTORY
.
stock
at
1,
principally in
capital.
Prior
redeemable
are
bare
a
major strikes became
awarded
&
operate
April
make
year's
more."
Another
dividends:
1,
Transfer
Proposed Plan of Re¬
without par
is
$5
ol
exchanging
snares
shares
rale
dividends.
of
preferred stock
last
account
to
in
May
May
and
B.
retroactive
four
or
pur¬
1951
and
—
10
issue
stock
"A"
dividend
share,
per
prior
present
is
•
1,
On
future
the
cost
of
cause
will
redemption prices stated
May
From
sell,
per
cumulative
fund
From
would
stock, without par value, with an annual dividend rate
share, callable at $20 plus dividends, and convertible
common
stock, share lor share.
$1.20
of
accrued
Through April 30.
value'
par
move
to
company
than
or
preference
oi
sinking
»
Redemption—Shares
prices
the
income
first quarter.
recently
case.
the
fund at
the entire
"The second
stock
From
capitalization—Earnings, Etc.—
stockholders
for
pay¬
either
railroads, is producing but
of
substantial recovery in
Mai'ch,
tonnage already suffered during Apri.1,
added losses in the
loading of steel, ore and other
commodities,
indicates that the deficit will
run
higher for this month alone than
of
pose -of- the sinking
below.
Chemical
'ihe
1946,
effect
coal
include, provisions for an annual sinking
(a) an amount sufficient to redeem, at the
sinking
price then in effect, 2','v of the
greatest number of
shares of preferred stock at
any time therefore cuttstanding plus (b)
an
amount;equal to 10V of consolidated net
profits for the preceding
fiscal year over $500,000
provided such amount shall not exceed $25,000
for any fiscal
year.
The preferred stock is redeemable for
out-
1855.
p.
Austin, Nichols & Co., Inc.
italization
preferred
fund^instalment
redemption
$100.
stated the common stock without nominal
over stock with a stated value and the
advantages
has
<
exchanged
stock
common
of
RR. Co. has applied to the Interstate Com¬
authority to issue 823,427 shares of no par value
be
to
1,
the
with
Line
Commission tor
stocK,
April
made
that
& O.'s
ipcrease
in
Terms
ing
common
be
the B.
ihe
as
needs."
stated
settlements enabled the road
but the loss of bituminous
preferred
quarter-annually thereafter. Shares of preferred
are
entitled upon
voluntary liquidation to preference equal to
the
optional redemption price then in effect
and
upon
involuntary
liquidation oi $50 per share, plus accrued dividends
13,
1945.
merce
to
are
from
accrue
normal
White
serious in
fund
the
to
ments
preferred stock will
American business
of
Mr.
stock
on
of
and-
par
the
on
to
as
being-sold for the account of stockholders, and
20,200
shares of preferred is
being sold for account of the com¬
pany.
Both issues have been oversubscribed.
Dividends
basic
fraction
are
Atlantic Coast Line RR.—Increases Stock—
2151
the
j
THE COMMERCIAL & FINANCIAL CHRONICLE
2152
the
spentOTOUna$15 599,527 foradtUof which about $7,8b2,354 was ior
years the company
plant and equipment,
five
past
tions
its
to
^^n^ompletion^of
outstand¬
the financing, the company will have
ing this issup of preferred and 2,336,736 shares ($5
par)
stock, excluding treasury shares, out of a total authorization
00prSenrte-dav
IS?
275 948
reached
in 1944 and $182,925,119 in 1943.
aggregated $8,962,144 as against $7,994,626 the
163, P- 1856.
against $249,411,672
last
Maine RR.—Interest Payment—
Payment oi interest ol 4l2'> will be made on May 1, 1946, on the
income mortgage bonds, series A, 4V2'' ,
<4rr cumulative) due
on
surrender of coupon No. 5.
The New York Stock Exchange directs
that^the bonds be quoted ex-interest 4"2', on May 1. 1946. Interest
is
payable at the Chase National Bank, New York, N. Y., and State
Budd
majority
a
of the outstanding
of the outstanding
Manufacturing
common
Co.
of
its
subsidiary consolidated
date
of
combined
the
companies,
refunding
proposed
debt
of
the merger
there will be
effect to
that
giving
and
assuming
incorporation filed
certificate of
the
to
amendment
The
Budd Wheel
1955
due
23/4 ">■
Co. and sub.
of capital stock
1856.
the distribution of one additional share
value to holders of each share.—V. 163, p.
shall be the ex
no
par
Manufacturing Co.—Annual Report
(Edward G.) Budd
Calendar Years-
$15,244,000
quarterly
121,453,432
43,640
81,726
41,744
36,506
17,498
3,919
income""
income-
and divd
UU
income
Misc
Tctal
lor
bef.
sold,
amort._
&
depr.
no
$30,000,000
of
Admin,
and
Interest
and
Stated
Fed.
50,295
10,552,335
10.971,920
11,069,870
5,997,324
141,000
351,000
320,000
700,000
725,000
734,000
6,993,000
7,064,000
7,003,000
to return plant
Prov.
3,056,870
2,831,920
2,674,335
Crl,010.000
$336,666
$336,667
$336,667
to
peacetime operation
(Taxes recoverable
_
will
period
17c
on
*
1943 excess profits tax recoverable
portion of
^Deficit.
1945.
in
BALANCE
31,
DEC.
SHEET,
1945
Treasury certificates of indebtedness, at cost, $1,900,000; accounts re(incl. $611,743 from U. S. Government and $3,210,759
receivable,
of
$48,000
less
esti¬
$8,413,063;
reserve),
sell
the
additional
to
two
of
the
that
below
the
the
shareholders
shares
to
as
the
public
holders.
of
of
The
payable
the
of
and other
and
for 1944,
$835,289;
of work¬
salaries
renegotiation refund (net) payable
taxes,
including
taxes withheld,
sundry accrued liabilities, $394,838; reserve for self-insurance
men's
compensation risks, $151,526; provision for Federal
accrued, $719,707;
$755,464;
miscellaneous
wages
taxes on
income, $1,934,722; Reconstruction Finance Corporation 4'i loan (incl.
installments due in 1946 amounting to $1,000,000), $15,244,000; $5 prior
(143,194 shares of no par value), $14,319,400; common
(1,697,533 no par shares), $5,776,722; capital surplus, $5,266,451;
preferred stock
stock
$2,361,586;
surplus,
total,
$54,076,753.
Proposed Plan of Consolidation- -See Budd Wheel Co.
below.—V. 163, p. 2000.
Budd Wheel Co.—Annual
Edward
Budd,
G.
President,
cancellations
of
the
of
since
of
its
that
term
a
of
15
rate
the
at
company's plant,
be
equipped
with
and
a
a
interest
an
of
prior
years,
bank
of
rate
of
loan
$4,000,000
2%7c.
The
funds
provide additional plant and equip¬
volume of business.
A new addition
to
increased
the
to
financed
for the
company
experience
negotiated
company
years
to
thus
the
the
for
made
on
substantial building of modern construction,
for efficient manufacturing, has been
facilities
is
nearing
now
completion.
During the year the company began production of certain types of
agricultural implements designed to be used in conjunction with the
Ford-Ferguson tractor. These implements are sold to Harry Ferguson,
Inc., and will be marketed by it as a part of its product.
A plant
was
acquired and equipped for this manufacturing, which we expect
become
to
important
an
and
25
will
Under
Budd
plan
a
of
the
merger,
merged
company
to
the
plan Edward G. Budd Manufacturing Co. will continue
existence, its authorized common shares will be increased from
2,250,000 to 4,000,000, its authorized indebtedness will be increased
from $25,000,000 to
$30,000,000, and it will acquire the assets and
assume the liabilities
(including the funded debt) of Budd Wheel Co.
Hie holders
of the 143,194
outstanding $5 cumulative prior preferred
shares of that company and of its common stock
(of which 1,714 083
shares were outstanding on April 2, 1946) will continue to
hold
number
Each
of
the
will
be
The
holders
Budd
scribe
shares
985,258
converted
of
after
the
outstanding
into
options
one
to
merger
common
to
the
number
same
merged
adoption
of
plan
on
shares
the
of
at
the
same
of
terms
of
the
thereto.
Wheel
merged
stock
2,
prior
Budd
merger,
April
will require the
held
the
common
after
(240,225
company
the
to
they
as
share
common
subscribe
Manufacturing Co. will hold,
shares of the
The
of
Co.
company.
Edward
options
to
vote
of
the
new
common
issued
subscription price
shares
common
and
as,
if,
sold
and
share¬
to
remaining
out
further
the judgment
in
conditions
and
advisable,
such
at
the
of
cash
re¬
prices
adopted,
the
issue
to
directors
and
Edward
of
sell
to
Budd
G.
for
underwriters
just
what
their
terms
and
conditions,
from
less
the
date
than
fund
of
2l2 7c
their
nor
requirements
issuance,
the
that
than
4V,
less
more
will
than
be
and
the
total
annual
debt
ieduction
requirements on the now out¬
standing obligations of the two companies, which amount to $1,500,000
a percentag of earnings.
The other terms and conditions of the
will
be
in
Preliminary
Rhoades
the
&
keeping
with
discussions
Co.
and
debentures
have
Blyth
and
of
those
been
&
the
of
similar
carried
Co.,
Inc.,
as
shares
common
with
on
the
to
to
be
Carl
M.
Loeb.
underwriting
offered
the
1V
b
5,417
total
to
<9900^
stock
$6,298,697:
DrS56,619;
cost,
of
However, no definite underwriting arrangements have been
entered into, nor can
they be until immediately prior to the effective
date of
the
registration statements which Edward G. Budd Manu¬
facturing Co. proposes to file in connection with the offerings, which
will
be
shareholders
after
to
the
be
other
estimate
is
of
Budd
imately
made
of
and
Co.
cost
will
from
Reconstruction
G.
additional
Budd
working
principal
used
the
meeting
commissions
no
shait-
<>-•»'
S'^5 354
" '
proceeds
is
equipment
the
merged
to
be
Finance
of
tc
of
used
required
for
by
Corporation,
the
the
stock
the
in
for
working
installed.
of
purchase
anticipated
balance
turns,
the
of
2^7
amount
of
the
notes
approx¬
and
the
bank
for
the
of
Forgs
U.
Gvt.
Cost
S.
of
under
its
of
expanded
treasury
operations
for
of
of
the
proceeds
will
be
Co.,
and
Interest
Min.
and
with
of
to
interest
Gross
in
Provision
normal
35,193
66,215
57,017
11,246
tions.
for
tax
peacetime
45,484,591
41,171,254
35,151,734
1,033,914
892,744
822,195
1,402,573
1,708,230
1,457,787
1,385,798
178,303
surtax
Profit
for
operation
period
Dividends
Earns,
per
'Restated,
tlncluding
$7,377,171
$5,978,116
$5,348,372
392,000
394,098
3,483,900
4,798,802
376,726
4,014,000
3,660,334
23,
credit
and
Reserve
1946,
and
Joan
System
the
agree¬
was
directors
active
it
the
and
president
manufacturing
The
owns,
the
early
of
the
Blower
which
of
years
have
the
acquired
not
were
of
subsidiaries,
Canadian
both
Inc.,
since
the
of
fields
all
and
been
century
until
of
blowers
for
1939
blacksmith
and
fans
of
Canadian
their
design
conditioning
manufacturing opera¬
in
air
manufactured
washing
temperature
industrial
in
and
ventilating,
created
of
company
equipment
devices
sale
Subsequent engineering
pioneering effort in the
a
the
heating,
therewith,
and
was
enabled
dust
of
and
of blower.
which
of
and
regulation
systems
of
has
application
includes
for
manufacture
type
much
connection
also
the
gases,
fumes
In
"Buffalo"
and
silk
and
air
mills
heating,
refrigeration.
conditioning
and
cooling
tribution
by
cleaning
or
and
moisture
these
air
and
content
in
processes.
By
1906,
and
control
of
successful
several
installations
in
were
lithographing plants.
These
humidity,
complete
operation
in
installations
and
cotton
combined
important
an
con¬
their
success
was
made
by
the
dewpoint
method
of
humidity control developed by company engineers.
Beginning in 1942 and until the cessation of hostilities, the com¬
to
automatic
pany's
the
largest
U.
S.
production
Navy
ventilation
and
was
to
meet
the
at
least
one-half
the
rapidly
U. S.
in
any
Maritime
required
customarily provided in
for
ships.
prewar
accelerated
of
all
line
one
It
voyages
ventilating
was
found
in
tropical
The company made
demand
ventilating
in
was
Commission.
protracted
and
fans
believes
purchased
it
for
more
than
seas
effort
every
that
for
fans
that
supplied
fighting
ships
Navy.
UNDERWRITERS—The number of shares which each underwriter has
agreed to purchase appears opposite its name.
Shares
Hornblower
Blyth
&
Paul
H.
&
Co.
Weeks
Shields
Dillon
Schoellkopf, Hutton &
10,500
Co
&
Hutton
&
Co
5.009
3.500
Moselev
&
Co
3.500
Pomeroy,
6,500
W.
6.500
Co
Co
&
Shares
15.000
Inc
Davis &
Eastman.
F.
6,500
E.
S.
Inc
-
Piper, Jaffray & Hopwood
Betts,
CONSOLIDATED
Sales,
less
of
Cost
Sales,
INCOME
Borland
2.00o
„
l.OOj
Co
&
STATEMENT,
ENDED
YEARS
NOV.
30
1943
$28,344,438
$24,283.7' 7
22,865,360
19.335.705
1.927.451
2.334,458
4,245
Cr5,948
1,793.253
14.902
$3,473,334
$3,150,569
80,875
80.175
$3,554,309
etc
1944
$25,026,255
19,621,224
discounts,
$3,230,744
products sold
service,
etc..
engineering,
admin.,
expenses
Provision
Profit
Other
for
doubtful
accounts
from
operations
income
Total
Other
income
$3,139,890
60.041
139,324
Federal
$912,581
exc.
tax
&
profits tax
$699,391
$1,085,145
328,475
2,063,000
taxes
credits
profit
163, p. 1560.
Buffalo, Rochester
64,683
332.000
surtax
Net
A
Cr254,457
S3,199.931
16.49')
334,424
1,737.954
242.82J
Cr216.926
131,197
inc.
normal
Canadian
Postwar
194,919
Cr23,193
deductions
&
of
the
consolidated
bonds
be
Interest
York,
is
N.
contingent
mortgage
at
3'* ).
2,197,732
Pittsburgh Ry.—Contingent Int.
payment of $15 per $1,000 bond will
interest
be
coupon
made
due
on
May
May
1,
1.
1946. mi
1946.
due
1957,
quoted ex-interest $15 per $1,000 bond on Mav 1,
payable at office of The Baltimore & Ohio RR. Co.,
Y.—V.
155,
from
stamped modified (bear¬
The New York Stock Exchange directs that
bonds,
1946
New
1404.
p.
Bush Terminal Co.—Seeks to Purchase Bonds—
announced that pursuant to an Indenture, dated as of April 21,
193T, between this company, City Bank Farmers Trust Co., Title Guar¬
& Trust Co., and
Empire Trust Co., the Bush Terminal Co., has
antee
made
a
sinking fund payment of $140,369, and that the Empire Trust
sinking fund agent now holds from said sinking fund payment
0^8^7,480 cash to be applied by it for the purchase of bonds
Bush Terminal Co. at
prices not to exceed par.
Co.,
as
sum
Said
the
393.030
to
the
C)22,631
166,666
166,667
166,667
$2,326,136
$2,017,605
723:944
$1,420,723
482.529
$1,128,341
$2.36
965.258
$2:95
extra
coiAfensation
$1.17
J
in
each
:
I'OO
year.
or
extent
exceeding
In
of $17,480 will be applied
by the sinking fund agent to
of first mortgage bonds of the Terminal company m
market, at private sale, by solicitation of tenders from
by any other method determined by the sink'ng fund agei'.t
sum
purchases
open
holders
"
bank
Federal
Feb.
ownerships
was
the
evaporation
2,702
$500,000
are
indebted-
Company was a leader in development of modern air conditioning.
By the turn of the century it had made a few installations attempting
to
cool with ice,
finding them rather unsuccessful, in 1902 began a
developing apparatus and operating methods for cooling by moisture
of
47,260
591,155
share__^__>
and
extend
ventilating
the
estimated
&
outstanding
its
the
on
Pumps,
improved
an
work,
air
and
gases,
make
Excess profits tax (est.)
Prov. to return plant to
Buffalo
share
2,276
1,177,014
$6,179,405
but
• <
/
_i__
income
which
removal
of
the
71,254
profit
company
of
two
of
throughout
companies
*1942
145,051
exps.
had
to
of
full
board
has
company
embodying
uses
and
$56,065,553 $55,829,469 $49,502,603 $42,708,099
admin,
the
the
development
Blower
to
of
and
ing fixed interest
47,161,510
V-T
in
present
the
handling
the
59,735'
amentia.
Outstanding
been'issued
have
company
BUSINESS—Company
stock
Ltd.,
surrender
86.294
expense
subsid.
*1943
and
and
Registrar
follows:
as
"324.786 shs.
shares
pursuant
repaid
respectively.
original business
forges
$55,919,524 $55,723,022 $49,425,142 $42,648,806
amortization
Gen.
*1944
sold,
is
company
1941,
The
used
the
deprec.
the
Regulation
Company
although
to
products
before
1945,
was
AND
capital
affiliated
and
$11,000,000
of
additional machinery
&
refunds
the
loan
re¬
allowances
prov.
York.
company.
$1,500,000
under
company.
—V.
1945
of
the
of
30,
chairman
present
indefinite,
sale
capital.
discts.,
New
incorporated in New York
on
Sept. 5, 1901, to acquire the manufacturing business established m
1878
and
subsequently conducted as a
partnership by William F.
Wendt
and
Henry W. Wendt, uncle and father, respectively, of the
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
less
of
Co.
Approximately
reimburse
The
of
authorized
for
already
been
Nov.
HISTORY
S.
to
Trust
canceled.
ment
made.
Approximately $9,500,000 of this total will be needed
for
the Edward
G.
Budd
Manufacturing Co.'s plants and approx¬
imately $1,500,000 for Budd Wheel Co.'s plants. A substantial portion
of this
machinery and equipment has already been ordered and some
or
a
366,000 shs.
41,214
indebtedness
U.
has
of¬
(par $1)
York.
New
$1)
(par
banks
to
S. Fed.
company
of
treasury
agreement
This
U.
it
April 18
1945
the
retire
principal
$5,000,000.
Midland
Marine
Bank
remaining
purchases
of
underwriting
on
otherwise,
Manufacturing Co. recently obtained by it for
capital and outstanding on March 15, 1946 in
amount
and
Offered—An
financing.
proceeds
be
in
special
As
tentatively or
offerings are
on,
such
of
the
outstanding
and
1946.
proposed
of
shares
common
annual
11,
agreed
the
the
$24,000,000
Wheel
Edward
the
of
to
as
June
been
$4,000,000, the balance of approximately $15,000,000 due by
G. Budd
Manufacturing Co. on its outstanding ten-year 47c
Edward
loan
adjourned
on
have
expenses
Approximately
debentures
the
held
services
Co.—Stock
share¬
to
holders.
dates
Agent,
City
of
issues.
G.
sub¬
1946) of common
and conditions.
affirmative
these
be
present
Deprec.
Co.
in
same
merged
fix.
may
not
income
approved
the
of
of
market
sinking
Total
shareholders.
MERGER WITH EDWARD G. BUDD MANUFACTURING CO.
directors of Budd Wheel Co. and Edward G. Budd Manufac¬
The
shares
to
render it
income
The
capital
income
to
reserve
'
Forge
NOTE—On
approximately
Such
company
years
be
annual
Interest
for products of Budd Induction Heating, Inc., a whollysubsidiary, and further enhance its prospects in a promising
This-subsidiary is in the process of liquidation and the Budd
company will acquire its net assets and take over its business prior
as
be
expected
are
523,000
debentures
Renegotiation Act
Royalties
market
known
shares
common
$30,000,000 principal amount of unsecured
impossible to tell'thus far in advance of the issu¬
field.
be
five
will
common
company.
for
propose
the
turing Co. have
holders of
in a ratio
Co.,
public
owned
meetings of
shares
the
when,
is
merger
Sales,
the
each
lor
company,
merged
and profitable division of our business.
Continued research has led to the development of additional types
of apparatus for the heating of metals by
electrical induction for
forging or heat-treating.
Their effect has been to broaden greatly
to
share
of
the
Wheel
plus
the
required
were
anticipated
for
ment
been
based
necessary.
seven
obtained
has
none
opinion,
our
be
the year the
During
thus
in
will
refund
for
but
subsidiary,
reason
holders
including
Budd
these
outstanding
to
offering price and the redemption prices will be,
depend on market conditions prevailing at the time
olfering.
It is anticipated,
however, that they will mature
interest
orders
Operations for the year resulted in a net profit of $2,326,136, after
all charges including taxes and adjustment for accelerated amortiza¬
tion
of
war
facilities.
Provision
has
been
made
for
renegotiation
no
the
to
of
of
number
is proposed
It
subscribe
to
This
shareholders
the
merger)
company
shares.
all
will
between
part;
following victory in Europe
and
the Pacific,
total sales for the year by this company and its
subsidiary were the highest in its history, amounting to $55,919,524.
for
(if
as
soon
as
the
they
the
issue
held
treasury
merged
common
rights
new
of
merged
directors
of
these
particularly
no
in
stated
5
the
that,
the
new
company,
the
price
merged
the
plan
of
and
Report—
April
on
war
of
shareholders
underwriters'
Despite
537,000
4,000,000 such shares will be issuable without
the
the board
If
that
$6 316,998;
trade,
—
expect
merger,
to
shares
common
approximately
quirements of
as
'The
share,
per
of
($56,619)
3.477,000
price not less than
ance
LIABILITIES—Accounts
cost
537,000
merger,
be issued
subscribed
at a
the authorized,
by
the
not
are
to customers, $1,231,592; prepaid insur¬
ances,
taxes, etc., $383,957; shares of Edward G. Budcl Building and
Loan Association, $242,300; special deposits and miscellaneous invest¬
ments, etc., at cost less reserve, $156,519; property, plant and eqpt.
(after reserves for depreciation of $24,903,540), $19,420,610; patents,
earned
$8.92
approximately
at the time of issuance of the rights, that the rights will
approximately 16 days from the date of their issuance, and
they will not entitle the holders thereof to any of the rights
is
cars
$477,369;
surplus,
011
payable
S4,000.000;
outstanding.
Common
company
It
$1; development of light-weight railway
products, $1; total, $54,076,753.
the
assent
will
new
market
debentures.
steel
value
of
companies
of
merged
price
Co.
rights,
the
of
common
one
the
chargeable
at
taxes
notes
$500,000),
earned
treasury,
Federal
$4,459,515;
of
operation,
$4,289,209;
in
estimated
1945,
1946
headed by Hornblower & Weeks
stock
to
subject
outstanding.
Although the terms and conditions upon which these
rights will be exercisable depend upon market conditions at the time
of the offering and cannot be determined thus far in advance, it is
to
patent
plan
shares
common
distribution
stainless
SBook
outstanding cr subject to options.
outstanding
Manufacturing
cost,
and
Authorized
8,603,664
shares
256,775
issuance
approximately
the
renegotiation rebates and refunds of Federal taxes on income,
$3,276,943: inventories, $13,577,474; tools, dies and jigs, finished or in
mated
at
both
date
companies
be
to
approximately
of
approximately
to
shares
common
presently
ceivable—trade
process,
share.
per
deducting
effective
bring
shares
directors
ASSETS—Demand bank deposits and cash on hand, $5,474,293; U. S.
claims
and
pursuant
action
termination
!i 6,242,078
excludes
the proposed
directors
the
will
each
of
$1.16
$1.25
for
in
CAPITALIZATION—Capitalization
expire
1945 loss and unused excess profits tax credit.
of
income
to
after
common
that
$1.29
Nil
tEstimated
Restated.
through carry-back
fRestored
150,789
418,264
share-
com.
per
2,337,668
2,495,253
488,268
161,944
dividends
Common
Earns,
2.720,204
112,676
715,970
pfd. stk.
pfd. stock
Divs. on $5 prior
Divs.
$10.69
to
jiAfter
cf
boards
issue
20'«>
Profit for
share,
per
value
shares
expected
5,100,000
salaries
common
5,266,451
2,361,586
fBook
proposal
of
§ 5,997,324
Profit
$4,015,335;
$37.50 per share. The shares offered for sale represent
nes
The
that,
(est.)
$99 ~i-
$10,065,931
$4,289,209
5,266,451
$7.90
giving effect
possible
prof, tax (est.)
exc.
85,776,722
stock.
150,103
(trade),
2000.
p.
Transfer
shs.—
value
542,694
28,598
for
reserve
due
peacetime
stock
163,
National
surplus
-Book
2,603,142
State
tax
income
$985,258 shs.
surplus
Earned
466,779
170.000
~
ton!
stockholders and members of their families will have
combined ownership of 34.26%
of the total
appli¬
common
3,602,494
tax
income
T,697,533 shs.
4.000.000 shs.
<T2,602.791 shs
1,135,000 shs.
outstand¬
to
Capital
of
Fed.
2.250,000 shs.
capital
cable
412,670
12,369
20,044
r
and
part of the holdings of certain officers of the com¬
pany.
After giving effect to the transaction, the
selling
with¬
Outstanding
3,835,918
125,783
in
si 026
a
Authorized
2,714,708
160,785
estd.
for
sh.:
113,225 shs.
shares
2,917,789
advs.
'
rebates
fered to the public 60,000 shares common stock
at
$100
per
par value:
3,760.948
income
Gross
Provis.
143.194 shs.
143.194 shs.
standing)
Common
434,315
&
invest.
payable
refund
shares),
group
shares
stock
value
par
3,131,513
expense
on
to
Buffalo
225,000 shs.
share)
Authorized (none out¬
additional
discount
of debt
Amort,
Preferred
2,850,814
exps.
gen.
plant
capital
—V.
(stated
per
$5 preferred
before
charges
Loss
$100
at
options.
of plant
and
and
amortiz.
defense facilities—
equip,
$442,400;
installments
par
cf
225.000 shs.
Outstanding
89,282,881
Deprec.
renegotiation
securiti
amount
estimated
shares
preferred
ing
98,764,905
renegotiation
return
Authorized
product
80,105,174 103,028,971
1944,
(incl.
$4.000.000
out
116,922,485 105,896,158
121,511,355
81.440,495
income
of
Cost
$4,271,957;
without par value:
96,339
6.585
15,269
16,770
22,987
current
and
plus
earnings, balance due
116,867,459 105,793,234
81,273,385
sales
Ro-altv
1945
Govt,
1946.
market, $3,203,268; die
production, balance
unamortized
LIABILITIES—Accounts
percentage of annual
*1942
*1943
<1944
19$45
S.
1,
over
Pro Forma
notes, due $125,-
000
changed
of
for
not
and
U.
Jan.
annually and balance
April
on
cost,
at
due
receivable,
income
on
DEC. ,31,
loan, due $1,000,090
Prior
provides that _each share of capital stock of no pai value will
into two shares of capital stock of no par value.
The New York Stock Exchange on April 16 directed that Exchange
contracts in
the capital stock of this corporation on April 26, 1946,
expenditures
Combined
Mfg. Co.
4 7r
1946
15
inventories,
084;
bonds
accounts
taxes
SHEET,
$6,749,183;
no
E. G. Eudcl
Skg. fund debentures—
be
Federal
refund
tax
$2,841,536;
of
funds
deposits,
dissenting shareholders.
1952
Corp.—Ruling on Distribution—
Brigffs & Stratton
that
and
the pro forma capitalization as of
and
profits
excess
BALANCE
bank
ASSETS—Demand
(incl.
$840,190),
following table indicates the capitalization as of Dec. 31, 1945.
Edward G. Budd Manufacturing Co. and of Budd Wheel Co. and
the
CONSOLIDATED
.shares of the
and two-thirds
common
The
1856.
Mass.—V. 163, p.
Boston,
Co.,
Trust
majority
a
and
outstanding $5 cumulative prior preferred shares of Edward G.
the
Boston &
Street
of
company
year
year.—V.
previous
the top
in
companies
rs
earnings
Net
of 3,000,-
of Borg-Warner places it among
the
world.
Sales last year
volume
sales
moniif^rturinf
common
holders
of
Monday, April 22, 1946
the
that
bonds
of
such
issue
are
obtainable
not
been
at
prices
no-
par.
event
said
sum
of
$17,480 has
exhausted
prior to
Aug. 1. 1946. by the purchase of first mortgage bonds of the Termina l
company, the sinking fund agent will, within the
period of two month
succeeding Aug. 1, 1946, apply such unexhausted part of the sum o:
$17,480 to the purchase of either first
mortgage bonds or cousolidatf 1
mortgage bonds of the Terminal company to the extent such bond»
are
obtainable at prices
not exceeding
par.—V.
162,
p.
2636.
Number 4483
163
Volume
Catalytic Engineering
THE COMMERCIAL & FINANCIAL CHRONICLE
Construction
&
Co.—To
Build
TCC Plant—Offers Maintenance Service
First Small
for
Oil Refiners—
This
BALANCE
recently
incorporated
in
Delaware,
will
build
DEC.
31
ASSETS—
Government
the
Receivables
first small-scale Thermofor Catalytic Cracking plant, T.
Webster. President, announced April 16.
The
plant, to be built for Leonard Refineries, Inc., Alma, Mich.,
incorporates the latest in catalytic unit design scaled to the require¬
ments of the
small refiner, he said.
Leonard Refineries, headed by
Reid Brazell. is a Houdry Process Corp. licensee.
Simultaneously, Mr. Webster announced that his company is offer¬
Inventories
Ellwood
Excess
service for refineries of all sizes, including all types
in addition to the design and construction of new
units,
refining
of
and
refineries,
change
modernization of
service
fixed-bed
on
inspection
periodic
of
the
maintenance
The
in
trays
service
units,
and
towers,
covers
removal
repair
Central
Operating
Maine
of
units,
repair
and
527,417
6,662,230
7,839,511
110,695
104,577
1,328,343
1,267,194
$17,021,772
287,142
330,029
trademarks
180,575
income
$575,978
$624,900
$7,128,774
2,549
72,673
$579,792
$627,449
$7,201,447
$7,425,390
172,897
taxes
175,042
2,144,765
payable
Federal
Debenture
Reserves
.
stock
140,958
series
div.
186,867
1,838,144
C
Cost
$265,937
$265,540
$3,218,538
$3,178,528
111,819
111,819
1,341,836
1,341,836
requirements
mission
21,
has
company
The
in
which
to
a.m.
The
for
stock,
issue
be
will
In
$10
to
($10
be
treasury
stock
Dr40,000
from
ol
termination
Federal
income
depreciation
The
invitation
stock
the
the
12
163,
for
it
for
Exchange
bids
and
Com¬
dated
for
May
noon
due
and
May
bonds
Profit
after
I Fed.
income
(&
1,
1976,
be
shares
($100
rate.
Bids
enough
to
sell
for
new
the
pari
for
this
common
stock
common
for
the
preferred
shall
It
have
will
stock
specifies
the
the
be
right
are
unexchanged
bidders
will
have
that
the
exchange
to
for
their
split
100,000
present
The
the
on
stock,
new
directors
will
capital
of
Irving
vote
15
April
sale.—
Approve 2
share
a
early
might
a
increase
of
shares.
be
fered
$781,561
$859,870
$867,076
$1.61
$1.76
$1.78
credit.—V.
163,
said
2388.
p.
St. Louis—Annual
Century Electric Co.,
S.
Pillsbury,
President,
Renegotiation
the
Navy
billing
Price
and
profits
and
before
credit
to
1945
After
postwar
Froceeds
The issue has been oversubscribed and the
of
shares
the
old
ol
stock
common
preferred
stock
for
investment
this
surplus
resulted,
Government
rience.
to
as
if
shown
as
refund
against
$550,383
of
vear
in
against
and
statement,
surplus analysis,
renegotiation
with
business,
required
but
based
by
profits
excess
1944
on
to
with
the
past
on
renegotiation
The
ratio
which
satisfactory
During
the
chinery
at
ment
be
by
The
trust
of
for
by
890,000
such
of
or
31,
to
supervisory
to
company
sharing investment trust
of
ma¬
and
us
by
During
stock,
in
the
exchanged
accounts
for
company
and
contingency
maintained
The
banking
of
this
$317,800
profit
by
part
annuity
is
sharing
p lyment
plan
$63,400
to
and
and
The
close
for
not
been,
of
still
used
of
Ventilating
Century
$103,917
Co.
common
investment
for
ir. treasury ;lock.
provide for possible
to
credit
31,
$1,000,000
losses
has
with
agreement
1946,
providing
provided
last
certain
years.
many
the
At
with
company
greater
the
ACCOUNT
No
part
than
at
same
any
time,
a
backlog
time
in
of
prior
operations
have
CALENDAR
YEARS
relunds
and
allowances,
pricing
discounts
adjustments-..
freight
and
1944
$14,481,127
___
'Voluntary
Returns,
NO
sales
of
$18,610,960
share
31,
sold
Selling,
profit
11,421,387
sales
on
general
636,070
12,468.502
Operating
profit,
income
$2,441,690
administrative
and
exclusive
of
expenses--
depreciation
..
Total
federal
1,191,879
1,££$,531
$1,249,811
92,585
$2,864,240
45,389
iaxes
on
Federal
State
ciedit
for
credit
for
Net
income
debt
and
chemical
profit
w
ai
*ncludSn«
.
1;584,000
(226,400
j
Cr50,400
______
Crl08,000
$573,7-24
214,395
228,809
share
Provisions for estimated
contracts.
the
and includ¬
be
shares
4
of
investments
with
in
diversified
a
policy
stocks
common
163,
Net
com¬
freedom
investment
the
of
distribution.
retail
investment
of
taking
of
duri<rig
the
the
31.
of
acquired
and
than
$0.72 '
refund through
During
confirmation,
industry
from
the
maintained
has
to peace. —-V,
war
on
all
compared
with
year
a
earning
This
ago.
that
out.
while
power
the
were
the
recon¬
1561.
p.
said
Ohio
&
debt
road
of
In
only
the
in
$1.19
renegotiations of
1"45
of
operating
were
6''
were
than
greater
revenues
months of 1944. For the entire year
less than in
1944 and amounted to
issued
charged to
operating
expenses
about
$40,000,000,
which
was
the unamortized
balance
of
the
approximately $64,000,000 for which certificates of
necessity
had
been
issued
by
governmental
authorities
covering
rmortizable cost of rolling stock, equipment, and improvements pur¬
and
October
chased
December,
constructed
or
1941
from
Chesapeake
1945,
Ohio
&
principally to this accelerated write-off of capital investment,
lacUities purchased to further the conduct of the war, Chesapeake
Ohio's net
income for
the year was the
smallest (hat has been
Due
in
reported
in
operating
340,995
1944.
in
$3.57
This
1,
much
quently
the
will
charges
no
be
made
operating
to
in
future
the
high
profits
C
and
taxes
to
compute
an
its
for
traffic
the
O.,
&
period
to
this
1945,
those
assumed
as
&
1948,
642,454
in
a
for-
the
with
the
peak
war
record
it
was
by
to
found
be
like
high
of
it
utilizing
more
to
were
excess
advantageous
earnings base rather than
while the war period was
gross
earnings, and record tax
an
not
period
a
high
of
income
net
.
cu
'
year
of
the
period
in
and
income
may
be
of
from
the
1&40,
the
transportation
four-year
an
period
increase
in
1944
$108,000,000 in
demands for coal constantly exceeded
country's coal mines,
of
the
"^xe volume of coal
coal
and
with
compared
25.55%.
compared
1942.
of
Such
with
a
Throughout the
productive
coke
$89,-
revenues
war
of
future
operating
useful
in
to
ing
by
partially
the
of
l'/ iiC
Nickel
debt
in
the
offset
July,
of
by
advantage
Plate
and
the
December
total
a
1944
of
issuance
of
sold
and
Pcve
of
the
the
transported by the railroad
Feb.
due
1,
Their
rate
at
the
in
one
oi
interest
amount¬
retirement
series,
new
the
at
with
the
during
certificates
clue.
two
interest
$1,500,000
their
1 % %
the
in
the
of
all
and
of
Last
debt
and
,
of
rate
All
and
the
and
in
four
of
Lake
Erie.
the
and
the
OF
The
in
of
the
time,
of
the
on
the
at
be
will
for
they
which
unification
the
of
exchange
those
as
at
$105
per
Pere
for
for
preferred
holder
after
each
into
Chesapeake
plus
&
preferred
Va
require
the
of
issue
being
share
Chesapeake
ol
stock
will
be
non-
redeemed
be
on
dividends.
Marquette
prior
pref¬
preferred
convertible
Ohio
near
with
new
a
each
may
Ohio
&
stock;
common
for
eigth-tenths of a share
and four-tenths of a
stock
stock
stock;
common
stock,
will
it
the
in
filed
shares
1.6
Pere
Chesapeake
Ohio
&
plat:
Wis¬
to
authorization
create
accrued
of
common
This
to
preferred
share
of
held
been
and
stock,
which
Chesapeake
of
has
proposes
share
Marquette
Marquette
the
into
Michigan
be
to
are
approval
convertible
1950.
share
the
of
there
extension
Lake
across
& Ohio convertible preferred
stock.
of unification
supp'emcnt
natural
a
Ohio
the
This
share
will
application
&
1,
offered
one
of
plan
r
of
terms
same
roads
and
convertible
option
one-third
of Chesapeake
of
proposal
de¬
Nickel
the
of
demands
meet
stock¬
the
to
opposition
stockholders
proposed
service
both
Nov.
date
stock
Pere
fair
both
be
to
Northwest.
of
stock.
until
dividend
common
for
approved by the
and Wheeling
submitted
be
to
constitute
ferry
Chesapeake
common
redeemable
share
for
Mar¬
Pere
Marquette,
Commission,
their
Commission
cumulative
each
could
Marquette
plan,
Commerce
and
plan
a
forward
believed
it
Pete
board
the
on
and
meetings
act
unification.
There
WITH
proposal.
Pere
the
stock
72,510
from
Plate,
going
subsequently
preferred
the
the
and
Ohio
sinking
advance
in
10,284.
Nickel
are
Commerce
first
Ohio
&
convertible
which
was
withdrew
however,
by
Vk''<
its
$2,723,000
carry
withdrew
then
Ohio,
unwilling
and
to
with
debts
MARQUETTE
Plans
Plate.
certain
Marquette
of
Stockholders
future
in
Pere
cut
OHIO
<Sc
A
proposal
Interstate
Michigan
Interstate
share
Nickel
Minnesota
consin,
and
1945.
of
and
Erie.
proposal
directors,
the
lines
State
increased
PERE
terms
on
the
part
Pere
embodied
1945
lines.
some
the
with
Lake
unreasonable,
four
the
the
the
considered
of
Before
to
on
annual
it;
$5,500,000
of
INCREASE
end
proposed
Chesapeake
&
the
and
directors
or
Plate,
the
properties
adequate,
boards
with
the
Pere
Marquette with the Chesapeake & Ohio which
adding 1,949 miles of line to (he Chesapeake & Ohio.
August of 1945 submitted a proposal for unification
in
board
bioughi
the
in
mortgage
operations,
Plate
Nickel
bonds
rev/
the
dates.
the
at
MERGER
directors
of
the
result
The
and
compared
the
of
stockholders
of
82.794
to
Wheeling
of
meiger
their
of
1945,
compared
reductions
maturity
number
unification
quette,
bonds
as
both
refunding
April
$1,840,000,
to
1936.
substantial
I960
1944
the
year
all
two
in
mortgage
STOCKHOLDERS
end
In
other
$3,820,000,
in
make
the
year
the
conditions,
refunded
interest.
and
to
market
as
on
will
1975
bond
Marquette
savings
$3,270,000
which
Last
of
fell
recently as 1936.
In February
$50,000,000
of
first
mortgage
bonds
charges
1944
any
bonds
reduced
were
Maturing
they
as
favorable
down
in
<&
Norfolk
guaranteed
mortgage
during
the year,
leaving a
which will be the final install¬
1946,
olf
the
1944,
$7,500,000
interest
funds
of
aggregated
refunding mort¬
the company
paid
$3,753,000.
$100,000,000
charges
and
Marquette
of
and
$4,604,000
previously
outstanding
carrying
of
substantial
interest
&
of
obligation.
amount
at
sold
of
first
of
first
5'.
were
paid
were
in
the
the
.
Takink
of
Co.
serial
amount
the
in
the
of
$4,104,000.
to
retirements
bond
entirely
certificates
$2,500,000
other
demands
amounted
year
retirements
obligation
paid
$7,753,000
last
mortgage
almost
those
be
net
years
of
portion
a
the
meet
railway's
these
during
finance
to
to
total
in
the
1933-1945
Branch
first
mortgage 4%
bonds
$2,206,000 Coal River Ry. first mortgage
1,
Other
$1,530,000
trust
the
to
obligations
indebtedness.
of
$9,387,000
Creek
June
of
to
of
though
even
share
the
and,
for
each
Chesapeake
of
issuance
of
&
200,269
share
Ohio
shares
Chesapeake & Ohio convertible preferred stock, and 149,742 shares
Chesapeake
&
Ohio common
stock
for
all
publicly
he'd
Pere
capital
Marquette
debt
the
bv
consisting
stocks.
Chesapeake
assumption
of
of
$49,449,000
equipment trust obligations
Pere
Marquette
in
1945
and
had
funded debt will be
Marquette funded
Ohio's
&
$55,806,736
of
of
mortgage
Pere
bonds
conditional
operating'
sales
and
$6,357,736
of
agreement.
$51,500,687;
fixed
charges were covered
1.05 times;
and earnings availab e for
capital stocks were $2,139,121, compared with $1,150,167 which would
havej been required
to pay regular common and preferred dividends
on
the additional Chesapeake & Ohio preferred and common stocks
to
be
issued
&
O.
the
in
revenues
of
merger.
Capitalization
(as
of Dec. 31,
1945)
with P.
Before
and
Mortgage
6 After
1,530,000
Equipment
Preferred
40.873,000
obligations
■"Based
and
On
July
197,478,567
stock
on
assumption
that
the
that
unification
DISPOSITION
were
4"? ">30,736
20,026,940
193,735,012
trust
Common stock
offer
$212,027,000
1,530,000
$162,578,000
bonds
Notes
2
After
M.
Before
all
had
stockholders
been
in
minimum
capacity
in
the com¬
and freight
charges
reduction
period
Proposed Unification
net
property
by
on
$4.00
over
period
$500,000.
to
ten-year
a
Paint
on
direct
a
of
retirements
consisted
notes
of
C.
comparing
the average performance
results of operations for the year 1940.
$116,000,000
of
taxes,
its
earned
was
of
war
locomotives
reduction
ne
purchased
retired.
EARNINGS
by
1945
REDUCED
eight-year
Transportation
amount
year
of
taxes
income for
accounts
net
traffic.
and
Equipment
of
reason
subject
.
PERIOD
revenues
$112,544,574
averaged
on
per
period
year-year
in
share
the
toward
by $32,934,000,
net
amounting
Serial
Conse¬
years.
the
average
new
to
a
Offsetting
Terminal
this
on
already
was
When
roads
which
tax
expenses,
revenues,
company's
reached
first
generally.
measured
four .years
The
future
increased
the
of war transportation was roughly the four-year period
inclusive.
Consequently,
the effect of the war upon
company's
approximately
in
of
Consequently,
volume,
C.
WAR
The
few
profits
base.
amortization
O.
capacity.
the
the
of
one
railroads
for
was
carrying
&
C.
defense
ranged
made
amortized
was
was
the
$539,000
and
increased
began
one! of
capital
record
of
its
was
excess
invested
payments
of
O.
&
be
well
of
cost
service
1945.
.tfaffic
war
proportion
imposed,
it
heavy
will
the
as
the
property
in
or
expenses
years
in
locomotives
and
continue
depreciation
for
it unnecessary
Federal income tax
fixed
to
will
in
for
made
and
stock
rolling
improvements
amortized
result
will
expenses
fourth-quarter
a
the
of
All
other
heavy charge-offs matte
When
$2.14
1944
to
make
to
income
net
to
operating
to
1941
years
been
now
but
property
charges
Ohio
1945.
of
has
equivalent
was
of $13,000,000 in
compared with $27,per share as compared
decrease
a
$16,379,847,
was
an
of
1945
$49,050,000
were
bonds.
gage
erence
the
for
&
in
payment
income
1944.
in
refunds
With
years.
many
net
amortization
Chesapeake
which
great
a
revenues,
number
DEBT
equipment
war
paid off,
$1,859,000
the
1945.
to
52.61%
of
$15,945,774
average
during
in
In
bend
Chesapeake
$203,332,146.
In
with
made
reduced
holders
Ry.—Annual
corresponding
revenues
The
of $3.50 per
average
However,
which
there
debt.
new
bonds
At
months
two
were
of
taxes
for
taxes
improvements
was
year
was
Feb.
4%
in part:
they
an
compared
of
cost
progress
the
cost
dividend
which
pointed
report
its
163,
to
of
increase
average
adjustments
CHESAPEAKE
of
period
as
years.
PROPOSED
quarterly
a
years
other
the
extraordinary
market
Net asset value Deifrom $13.15 at Dec.
$14.89
eorresponding
the
for
of
for
the
rates
prices
addition
amortization
profits
annum.
the
substantial
a
made
outstanding
assets
their
at
1946,
quarter.
to
quarter
the
in
for
an
these
of
FUNDED
at
securities
March
at
preceding
war
stock
preceding
companies
value
1024.
p.
or
excess
per
after
corporation
Report—Carl E.
Newton, President, in the company's 68th annual report,
1942
135,500
$343,308
per
will
it has reserved
to
the
1931,
portfolio companies which are
dividends for the first quarter,
Chesapeake
5,041
retirement
refund
in
$18,454,777
609,642
3,500
dividends paid
earnings
2,754804,793
tax
postwar
pre¬
in
common
preferred to
ratio
accrual
period
veloped
as
tax
surtax
into
management
non-diversified
a
$883,342.—V.
end
substantial
verting
one
69,222
(est.):
normal
income
of
such, although
as
corporation,
to
the
higher
affords
$2,909,629
52 541
profits
four
would
or
a
$1,342,398
excess
share
conversion
the
same
$4,099,771
Interest
Commitment fee for bank credit
depreciation and amortization
of
preferred.
its
was
this
of
increased
of
on
Other
from
1945
at
paid
the
Gross
of
1945.
All
as
1,406,617
618,050
$13,863,077 $16,568,273
goods
un¬
stock,
common
15,000 shares
and
$29,545,534
four
common
the
stock.
convertible
each
the
organization
amounted
company,
Cost
of
any
completion
Upon
additional
issue
non-diversified
connected
or
$14,760,804
tax
1945
Sales
be
for
of
concentrate
to
in
assets
with
handicaps.
FOR
share
change
Since
These
INCOME
the
For
Chemical Fund, Inc.—Net Assets Rise—
&
found
will
common
closed-end,
a
close of
Net
revolving
a
year.
date.
to
war
to
V-T
Dec.
products,
of
subject
are,
to
1945
year
types
excepting the
and
to
&
$40 000
up
maintaining
against
been
the
all
Fan
shares
4.000
each
to
been
the
at
to
$20,096,
$430,000.
as
has
Hunter
reduction
the
set
connections,
$500,090
fund
orders,
years,
at
of
for
the
reserve
is
company
our
fund
of
were
which
been
of
shaies
2,600
year,
associated
The
in
operating
stock
the
of
present
and
are
pur¬
respectively.
common
has
stock
and intends to continue
action
employees.
amounted
public.
shares of common
Thereafter
1947.
for
basis
Govern¬
to
or
to
the
balance
retirement
plan
sale
the
the
period
war
$63,783,098,
surtax,
average
was
the
amount
shares
part.
trustee
the
and
to
"ellected
in
$27,058,240.
was
available
become
common
stockholders
common
offered
the
and
corporation has registered with the securities and exchange com¬
engaged
on
northeast
lease
outstanding
the
by
debentures
the
Government
in
and
about
and
$23,625.
under
and
settlement.
at
of
cost
still
the
whole
in
lot
present
including
applied to the redemp¬
which will require
additional
to
will consist of
shares of
5
Dec.
company.
be
and
year,
equipment
the
a
to
debentures
C
bonuses
the
at
are
back
investment
of
of
S'reets,
months,
such
debentures
Contribution
profit
the
in
complete
and
$300,000
totalling
the
of
additional
turning
series
m
for
$270,000
over
by
coming
increase
accounted
in
in
us
of
made
acquired
about
costing
disposed
close
the
at
being
Chestnut
and
facilities
must
chase
of
cost
19th
have
we
contracts
war
on
.settled
is
progress
year
a
of
corner
claims
partly
were
be
treasury
The
be
will
preferred
new
value,
cancellation
which
of
expe¬
will
any.
in
$440,000,
the
four-year
was
to the
go
is
in
increased
25%,
,
to
normal,
1942-1945
Federal
largely coming suddenly upon us in late August
September, totalled to approximately $2,250,000 in orders
resulted
a
first
corporation,
326.830.
oi
Cancellations
early
report
of 100,000
offering
an
the
corporation.
to
from ap¬
proximately $39,000,000 in 1942 to a maximum of nearly $49,000,000
in
1943, but after adjustment in 1945, as detailed elsewhere in this
one
pany
a
of Federal
refunds
that,
in
provision
contract
war
believe
we
negligible,
adjustment
against
subject
are
that
for
taxes
refund,
operations
resulting
balance
financing,
mission
completed
the
cifered
being
capitalization
The
part:
were
by
of
will
of
which
the
increases
reflect
28and
amount
to
during
amounted
redcral
ment
this issue together with proceeds
of
additional
ing
Report—
in
1944
year
Board,
the
said
12
the
for
Adjustment
$500,000 provided.
taxes
April
on
proceedings
Of¬
Stock
books have been closed.
common
E.
projects
On
Corp.—Preferred
—
Feb. 1, 1946.
estimated
1940.
Average annual
were
69G
greater than
period
war
equipment dur¬
and deprecia¬
and
way
amortization
year
comparisons
approximately
volume
charges
Mortgage
1154.
p.
Investment
fuel,
traffic
the
of
for
the
in
revenues.
Total
total
$1.03
ferred stock and 200,000
He
162,
301,025
501,440
365,996
Childs, Jeffries & Thorndike, Inc., and H. C.
Wainwright & Co. on April 16 announced the public
offering of 15,000 shares of 4V2% cumulative convertible
preferred stock ($50 par) at $50 per share and divs from
maintained
predicted.
May.—V.
in
approved
an
200,000
to
Vice-President,
dividend
17
authorizing
stock
cents
Levy,
the
cn
stock,
common
of
rate
meeting
3,849,086
6,621,944
4,832,759
$500,626
Store
subscribed
annual
shares
dividend
present
in
of
$7,983,254
$6,825,316
845,000
share.
com,
post-war
currently
the
the
of
increased
operations,
371,909
res..
and
charges
than
These
employees
materials
maintenance
oi
expenses
1940.
year
to
pay
were
of
portion
public
Mills, Inc.—Stockholders
at
the
the
in
for
excluding
greater
expenses.
1943
1944
at
7.
Bids
j
addit.
per
period,
57.99 %
Further
|
j
[
[$2,800,737
...
bidders
opened
Split—
two-l'or-one
for
1859.
p.
$3,673,272
_
|
income
fAfter
tion
stockholders
reserves
tAfter
1945
...
and excess
$230,475, and the balance will
The
159,
1946
taxes
of
expenditures
war
were
the
Net
mort¬
7.
successful
the
for 1 Common
$105,556.
Subs.)—Earnings-
charges
taxes
Approj.
bonds,
general
will
220,000
dividend
proposes
May
bids
Ribbon
Century
for
March
new
1561.
p.
of
taxes
and
$403,626,
contracts,
war
amortization.—V.
Chain Belt Co.
Earns,
first
the
on
the
$10,000,000.
preferred.
that
bids
name
stockholders
new
issue
new
V.
to
at
net
for
preferred
for
for
and
7.
and
1946
Bids
company
to
the
pany
profits
statement
call
May
on
$13,000,000
1,
ask
also
the
of
six
operating revenues during the war period averaged $202,547,673
as
compared
with
$132,720,172
in
1940,
an
increase
of
Average
tion,
that
$9,026,984 $10,725,109
""Arising
Chain
opened at 3:00 p.m.
present
sell
May
will
it
stock
interest.
opened
pari
4,818,800
847,023
35,000
share)__
a
897,850
of
State
Securities
registration
that
to
bidders
addition,
38,687
4,818,800
expense
value
(par
increase
an
year.
27,947
guarantee
stock
430,000
claims
compensation
1940,
year
52.61%.
195,900
430,000
workmen's
Total
7.
will
company
preferred
stock
of
May
the
its
to
states
dated
rate
on
with
common
proposes
be
to
the
name
11:00
it
and
company
bonds
gage
filed
amendment
an
1946,
preferred stock
2,490,003
317,800
.
contingencies
for
2,449
206,084
.
expenses
Capital
2,083,202
To Ask Bids for Bonds and Stocks—
The
(est.)
the
in
during
the
war
period
averaged
$19,890,318
times the passenger revenues of 1940.
revenues
year
cars
income
Net
32,500
tax
income
on
12 Mos. End. Jan. 31—
Pfd.
1,134,748
11,016
taxes
notes,
Reserves
700,000
857,487
.
_
State
for
1,500,000
_
.
capital
accrued
and
and
__
be
by
company's
compared with $3/4.846,058
as
transportation
bank).
(to
payable
2,163,660
chgs.
spec.
$10,725,109
the
of
source
.
year—nearly
Total
per
11
LIABILITIES—
Notes
income
on
equiv.
88,034
goodwill-.__
period
per
quantity that could
the mines served
by
principal
7.9.74'<
ing
90,559
Deductions
and
and
$9,026,984
refund
Federal
23,094
3,158,338
conditions
tne
Passenger
155,389
Total
$7,334,831
3,814
income__
income
Gross
20,092
3,140.024
tax
equipment
Surplus
Portland
•
cper.
advances
profits
of
60,222
85,839
excess
and
the
to
produced under the pre¬
the railroad.
Since coal
revenues
in war as in
peace,
its over-all increase in operating revenues in the war period
was
not
as
great as the average for tne railroads generally.
Other freight
revenues
averaged $62,633,229
per
year
during the
vailing
was
war
138,075
13,185
charges
Reserves
than
26,914
509,182
__
accounts
deposits,
of
plants
Deferred
Federal
577,141
lease
Non-operating
refund
tProperty,
Interest
1946—12 Mos.—1945
$1,283,808
23,374
subscription
accounts,
Postwar
69,632
iother
under
and
$1,287,188
income I
_____
109,917
stock
Accounts
security
Rental
Sundry
renewal
lines,
$15,406,489
47,389
receivable
Employee
retubing,
or
underground
motor-operated valves.
1,420,023
3,190,827
bonds
catalyst
tubes,
overhead
and
1946—Month—1945
revenues
Federal
Net
complete
of
including
Power—Earnings—
Op. exps. find, deprec.i
Taxes—State and munic.
RR.
repair
refund
Patents,
plants.
operations
and
1,243,484
tax
Investment
Accrued
Period End. Mar. 31—
Social
of
replacing
turbo-compressors
on
existing
major
2,111,732
2,875,024
profits
'Claims
$379,374
802,187
obligations
limited
was
$180,660
S.
country's
ing a maintenance
1944
1945
Cash
U.
company,
SHEET,
2153
all
distributed
of
as
the
an
OF
PITTSTON
accept
effect
on
the
Dec.
exchange
1945.
31,
HOLDINGS
company's holdings of Pittston common stock
extra dividend to C. & O. stockholders.
The
THE COMMERCIAL & FINANCIAL CHRONICLE
2154
?ho o,°n
pei
offered
to
to
such
stock
in
in
preferred stock
and its holdings ot
1.45.
WHEELING SECURITIES
OP
freight
and
to
and
Plate
Wheeling"tnd
Lake Erie, referred to above, the Nickel Plate negotiated
the ourchase lrom
this company of its holdings of certificates of
deoosil for WheeMng and Lcke Erie common stock, and also requested
an
option
on
the balance o. C. & O. R'ys. Wheeling holdings.
By
action of the directors
the certificates of deposit for 78,145 shaies of
Sr
Lake Eric common stock were offered to
he Nickel
Plate
at
$70 per share, subject to appioval of the Intel state Com
merce
Commission, and contingent upon the purchase ot those cer¬
tificates by the Nickel Plate, C. & O. offered a one-year option on its
remaining
holdings of certificates of deposit for 115,369 shares of
Wheeling prior lien and 1,653 shares of Wheeling preferred stock at
$115
per
share
and
$105 per
share, respectively.
Application is
pending before the ICC for approval of the purchase of the common
stock bv
Nickel Plate, and for re .ease of all Wheeling shares owned
and
from the deposit and tiust
Chesapeake and Ohio and Nickel Plate
agreement under which they are now held.
by
organize
This
the
The
obligations
action
thereof
$
Freight
172,736.161
Passenger
traffic
22,8tl,428
Transportation of mail.
1,438,570
Transport, of express
654,303
Miscellaneous
5,551,677
traffic
—.
.
181,809,762
of
equipment-__
2,617,247
2,680,546
60,551,321
1,430,839
49,028,668
41,728,214
1,479,828
1,290,215
5,283,275
5,021,253
184,685,127 136,866,850
exp.s.
oper.
115,045,265
(55,17'/ )
95,415,056
(52.43% )
(63.21%)
(90.83'/,)
ratio
Operating
Railway
Equip,
93,467,271
86,394,706
51,154,950
60,577,698
28,514,448
32,889,572
36,396,354
6,117,586
6,059,731
4,706,015
(net)
rents
rents, net (Dr)
1,678,465
1,818,846
1,733,155
1,458,784
income.
22,025,255
32,813,189
37,216,148
39,643,584
958,665
989,141
849)084
677,993
853)485
978,224
1,046,360
to
Other
23,455,129
34,780,554
39,111,592
41,459,694
7,032.294
7,066,093
7,349,962
49,691
49,669
debt
on
leased
for
roads_
lrom
382,276
323,774
353,281
27,340,995
31,358,680
33,153,437
488,144
501,715
506,548
512.086
inc..
income
Disposition of net inc.—
Inc. applic. to
other
sink,
miles;
the
and
The
and
line
preferred
for
457,581
26,23.-),870
on
26,800,739
the
Aug.
($25
$4.04
$3.57
$2.14
par).
BALANCE
SHEET,
DEC.
Capital and
transportation
other
physical
Investments
of
Net
$4.25
31
classes
the
line
(after
affiliated
of
court
the
road
from
accounts
and
agents and
receivable
conductors
7,140,420
233,407
11,881,286
5,572,972
115,329
receivable
assets
4,940,856
8,993,907
192,656
62,486
...
...
assets
...
837,308
951,164
941.976
...
debits.
1,735,597
...615.039,952
-
658,473,993
Premium
capital
on
value
stock
$25)
131,433,919
balances—Cr
service
and
1,768,268
1,645.281
payable
10,72oi290
9,1151829
2,948,177
payable
unpaid.
matured
accounts
accrued...
683,027
iccrucd-
1,897,409
pavob'.c
2,091,475
L672.488
574.845
3,291,227
5,430,454
Unadjusted
Unearned
281,135
credits..
surplus
(
surplus—appropriated
16,408,664
~-V0tl<k~p:T72~3~
on
April
interstate and
&
12
miles,
Southern
issued
a
for
permitting
the
commerce, by the road. William Fabrikant
Steel Products, Inc.,
New York, of a line ot
northerly from Veedersburg to Morocco,
in Newton, Benton, Warren and Fountain
June
approx¬
for
submitted
reor¬
to
cf
a
e
n
P
railway division
he
hpUfhI«C/f1Ve^
abandoned
be
court
having
of
the
Chicago & Eastern
P to
of.lhat comPany the properties
as
interstate
jurisdiction
of
and
foreign
per-
There¬
commerce
receivership^
the
Illinois
were
ordered
the
nf°fhl fS
5i0ld se!larately from the remainder
]ast-named company and they were acquired
Attica & Southern
of the properties
in°Teceiveishi(jmenti0ned ^ t0 AUg' 4' 1931' when
tv* were Uaced
f
RR.
several
jurisdiction
of
the
the
years
the
The
of
Attica
company
bv
operated
the
tLe
Chicago
properties
unprofitable
Attica
company,
and
receiver to sell them
its
to
operation,
to
the
dispose of
order,
the
dated
highest
ourt
the
entire
Nov.
bidder.
24
having
prop¬
rata
pro
necessary
money
to keep from
plan which Donzis said he had submitted, preferred stock¬
would receive 37,316 new shares of preferred stock ($100 pain
two
old
Wisconsin
objection
no
Public
had
Service
been
shares
refunding
the
holders
mortgage
proposal.
A
report
the
to
5.
creditors
of
the
the reorganization.
in
line
Also
said
He
wiped out
a
this
basis
that
would
1944
$11,257,749
$7,294,481
$10,000,619
115,929
174,014
401,068
1943
255,-
in
equipment
making
of
$0.68
paid
decrease
box
new
in
during
the
outstanding
$206,529
Saul
offices
amounted
year
equipment
to
instal¬
the
on
note
be
to
made
funds
April
1,
derived
from
decrease
net
in
1946,
sales
and
of
$26,000,
assets,
to
long-term
which
to
ficers
and.
obligations
debt
the
at
special
brought
gages
the
to
up
by
the
the
to
revenues
for
for
the
"Capital
of
Feb.
on
and
the
year,
Dec.
Reconstruction
had
been
end
of
the
in
of
provided
the
1945,
year
2 Vb'r
to
of
in
C.
is
railway
the
was
larly
rently
with
operating
deposit
"Capital Fund-Surplus Account" up to the maximum of
the company elected to charge against the "Capital Fund"
only $429,758.
The
remainder
of
capital
expenditures
not
account
the
$1,500,-
in
the
Account,"
the
ating
$1,500,000,
"Capital
actual
deposit
capital
it
Fund"
will
in
U.
the
be
S.
not
or
appropriate
only
exceed
whichever
gages,
shall
amount
be
income,
INCOME
charged
of
money
ACCOUNT
FOR
the
2'a%
as
Account"
and
credit
of
amount
of
defined
of
plans
month,
railway
the
oper¬
in
the
mort¬
$29,415,460
CALENDAR
expenses_
22,127,298
1943
oper.
1942
$30,186,963 $30,432,425 $25,465,654
Revenues
over
21,003,947
Taxes
18,809,007
16.310,063
$9,183,016 $11,623,418
exp.s.$7,288,162
Equipment
rents
Joint
rents
fuc.
Net
Other
railway
inet
$5 871 370
for
seek
will
968,021
1,240,779
1 254 507
1,321,125
906,165
914i3l8
$2,608,378
$3,357,724
$3,723,331
income
Conting.
chgs
funded
Net
(int.
136,901
123,667
to
$3,846,998
$3,802 536
846,649
873,264
said
ice
connection
the
$2,380,024
267.908
SHEET,
$2,705,827
DEC.
transportation
property
Capital
and
reserve
funds
Net
$2,617,491
395
Interest
Accrued
Defened
1,023,882
total
Mr.
help
with demand for addi¬
growing need for im¬
fruits and
vege¬
fresh
of
additional vegetable proand Arizona.
These
constructing
Florida
in
methods
provide
been
icing developed
garden-to-table re¬
railroad
of
car
continuous
"a
purchased
the
and
for
has
company
ice
new
a
in
heating
plant
cream
of
field
the
entered
Products, Inc., a subsidiary.
In
have
been
developed
for deliveini-
Home-Makers'
disposable
in
He
cube
tags
and
prepared
R.
United
President
will
Inc.,
which
Haskel
form.—V.
as
he
1938
162,
2388.
p.
made
Cohn-IIall-Marx Co.
also
the
is
of
Treasurer.
United
of
Manufacturers'
and
elected Chairman fi
Merchants &
."~
principal subsiding
Cohn-Hall-Marx t" sU(
been
United
of
President
was
President
and
has
1938,
President
Cohn-Hall-Marx
elected
was
In
Feldman,
Merchants
since
continue
of
Schwab.
Harry
.
Factors
retains his
an0
Corp.,
^easm
office of Vice-P'1-
subsidiary,
becomes
present
dent.
Sanford
S.
cotton
Agate,
and
Loewy,
Assistant
division
Abbot
Secretary
Jack
759^222
man,
Franklin
(93
charge
Broadway),
Assistant
Deutsch.
Berthold
Manager
and
Street),
at
merchandising
of
of do
Edwin
Ccna
_
elected Vice-Presidcm
succeeds Mr. Loewy as Assists
both
were
Secretary,
'
and
divisions)
the
to
Assistant
Cohan
Secretary
wear
Elected
in
Merchandising
^
,r
S.
(Assistant
men's
and
divisions
rayon
Treasurer,
(1412
Copeland,
Deutsch,
128!ll9,
2
5,995.005
1,740,000
&
receivable
conductors-
four
have
been
becomes Secretary
and
Jerome
Secretary,
(Assistant
Treasurer)
Merchandising
elected
„,'nt
y
the down
the board of directois
Manager
to
of
of Assistant Secretary^
Rollins, Hiram (Cy) Solomon, Milton C. Agate and David
^
all long associated with Cohn-Hall-Marx Co.
Mr. Robins
•
newly
created
posts
2.220,000
Merchandising Manager
Solomon,
of
one
of
the
downtown
divisions.
rayon
481^676
494,504
wool and silk J1V1S
for the retail trade; Mr. Agate
merchandising and sales head ot
Los Angeles office, and Mr. Silman,
Manager of the downtown pm
452,282
and
-624 632
receivable
l,42oi215
coated
Manager
of
the
goods divisions.—V.
uptown
161,
p.
rayon,
)l;.
^
2440.
Colonial Airlines, Inc.—Increases
15,050
14,940
1 096 192
1.1
Sales
923 973
l,677i886
_
receivable
assets
debits
1942
Grand
agents
supplies
assets
Unadjusted
from
dividends
accounts
current
is
company
pace
"the
_
investments
accounts
and
keep
content
449,635
cash
and
vitamin
improved
will
Schwab,
Merwin
A.
1,716,338
2
deposits
Material
W.
board.
ufacturers.
763,752
;
balances receiv.
Miscellaneous
to
Stressing
Cohn-Hall-Marx Co.—New President, Etc.—
the
Melvin
7,654,815
Special
the
has
new
ice
1,534.100
Cash
Temporary
next
beginning
Cleveland
in
breweries.
increased
of
through
addition,
128,119
investments
cur¬
are
Mexico.
service."
packaged
1944
1,261,738
funds
Miscellaneous physical property (neti
Investments in affiliated companies-Other
additional
be
Treasurer.
934
other
beer
manufacturing plants
uptown
$57,760,342 $58,366 107
funds
Maintenance
269,464
31
1945
in
"Regal"
services
with
company,
appliances
town
267,953
BALANCE
will
preservation
he
915 581
$1,645,931
purchase
and
in
of
$3,494,625
265,253
producing
tables,"
on
income
Sinking
99,992
830.207
debt»
and
Plants
fields.
preservation
Canada
company
now
cooling
ceed
$2,741^389
debt, etc.
food
states.
the
refrigeration
proved
$3 702 544
133,011
funded
on
activities
with
production
tional
J.
798,069
income
annual
ot
the company's present "P
O. C." brand.
widely distributed in the South, will ultimately tc
distributed nationally.
For this purpose the company will increase itpresent brewcy facilities in New Orleans, Miami, and Cleveland, aim
3,284,222
$5,870,276
Dr\
inc.
oper.
5,753,142
$5,646,871
1,159,466
(net Dr)
3,536,145
$4,565,913
income-
oper.
and
26
1945, William J. Sinek, President,
meeting on April 18, plans hn
of
the company, particu¬
in
year
the
at
$9 155.591
2,722,249
Railway
in
Also,
ground
Oklahoma
City
YEARS
profit
brewery
said
along
beer,
Regal
by
1944
revenues
industrial income-producing equip¬
Financial Corporation.—V. 162, p. 2143.
plans to increase its annual volume
of
beer
distribution
to
1,000.000 barrels—a
goal which would place
City Ice among national leaders in the brewery industry.
He told
Ice
less.
1945
oper.
Chicago.
sales fi¬
headquarters in New York,
specializes in the instalment
and
diversification
operated
Sinek
frigeration
Railway
Railway
I. T.
stockholders
and
the
in
Mr.
bonds.
Fund-Surplus
to
year
to
net
out
"Capital Fund-Surplus
Treasury
"Capital
each
but
available
paid
was
In'the
necessary
account
the
$48,224
deposited
in
expenditures,
revenues,
of
account
invested
was
the
as
to
Fund"
Of the money
$403,125
long
amounts
to
"Capital
treasury.
record
a
to
expansion
mort¬
expenditures
000,
against the
Angeles,
greater
requiring
firms
operating
Los
their activities
small growing,
base capital.
extend
plan to
making of investments in
City Ice & Fuel Co.—Plans Expansion—
There
special
in
the
respectively.
machinery
unit of C.
a
has operated on
company's of¬
company
Gottesman,
it was announced,
with
and
heavy
the
Saul
to
Benjamin Gottesman, brothers of the President,
distributing
and
Corp.,
of
It
ment.
Chicago,
addition
Treasurer,
Francisco
nancing
in¬
financing
been
and
City
In
and
Gottesman,
T.
companies.
has
Co.
and
fields, particularly in
I.
Utility
York
Herman
Secretary
San
Investments—
industrial,
manufacturing
was
account
capital
bring
the
$305,628.
Fund"
$735,386;
order
1421.
163, p.
of the instalment portfolio of Creditjointly on "April 16 by Arthur O. Diet?
Credit
years
machinery
acquired
Account"
for
of
sum
"Capital
of
sum
In
would require
surplus of $622,000
a
equipment for manufacturers aud
commercial and professional users. Through
of
New
Following
Fund-Surplus
the
31,
the
or
$477,983.
were
1946,
to
leaving
Presidents of the respective
20
past
to
were
other
ACCOUNT
$1,500,000
20,
credited
ended
year
year
that
the
maximum
deposit
appropriated
respect
in
deposit
paid,
which
stock
common
on
were
announced
was
sales
outlined
The
yearly,
retired.
were
FUND-SURPLUS
approximately $168,000
stockholders and 011
approximately $1,332,000
preferred
to
C. I. T. Corporation
Inc.,
Gottesman,
Messrs,
$634,052.
CAPITAL
have
of 4V2%
rate
$1,500,000
dividends
for
within
they .now
dividends
of
dollar dividend
nationwide scale.
a
in
made
was
total
$3,552,600.
in
the
at
in
earnings
Purchase by
distributors
Maturing
cars.
bring
that
paid
be
one
Utility Co.,
$1.57
of $296,523.
year
of
150
obligations
net
a
the
for
payment
com¬
a
that the new common
30 days one share ot
at $15 per share.
proposes
buy
to
shares
two
would
asserted
of
plan
permitted
preferred stock from time to time.—V.
During
partial
loan,, his
be
C. I. T. Financial Corp.—Unit Increases
and
$0.48
the
to
share of
new
one
which would make
common
stockholders.
1942
chgs.
$0.31
plan
be available
call in
to
1945
shares
receive
hold
now
issued
each
for
would
yearly
is
should
Donzis
excluded
are
2002.
p.
be
to
bank
the
of
stock
common
Mr.
Electric
would
they
received
stockholders
and
share
each
for
324,415
of
stockholders
common
stock
mon
and
on
for
stock.
common
Com¬
Corporation.
First mortgage
and
general income mortgage
amounting to $131,000, par value, were reacquired during the
$72,000 of which were applied on sinking fund payments due
1, 1945, $33,000 of which were set aside for sinking fund
pay¬
April
callable at $105 per share and for their dividend
preferred stock would receive four shares of new comeach share of preferred, a total of 149,264 shares ot
the
on
stock
mon
1312,
p.
end
year,
Other
receivership decided
his
to
subscribe all the
any bank loan."
to
holders
The
Commerce
78,039
'•"'Investment
portion
origina.ly extended northerly from West Melcher,
h„:
Veedersburg and Attica, to Percy Junction, where it forked
eastrHv
iy' r^U% ^°!'°1CC°1 to State Line Junction, and northm
i rilS
a
distance of approximately 140 miles. It
i
h
l
years pnor to 1887 and later acquired and
operatedby the coal
represents holders of 20,000 shares of common
own inteiest,
told the couit that
up art"
said he
addition
in
willing
t
Interstate
Counties
!,
v
ot
said
vote
163,
GENERAL
instructed
proposal
the
ASSETS—
report of the Commission states in
part:
bne
sought
to be abandoned is the
remaining
upon
to
first
to
31—
on
payment
Int.
abandonment
Indiana.
erties
1
participation
after
of
ments
Total
RR.—Abandonment—
certificate
foreign
agent, and the Dulien
railroad
extending
imately 62.1
153,142,253
615,039,952 658,473,993
Chicago Attica
ICC
16,430,545
147,918,499
surplus—unappropriated
on
who
Donzis,
stock
5,315,975
281,135
_■
.
liabilities.
tn
to
plan
a
49,7191521
1,550,368
.
18.243i489
583,402
_
liabilities
and
June
5,821,219
1,816,159
_
___
mhtcJ
ted
the
16
approval.
court
plan unseured
sh.
per
652,328
5,880,532
unpaid
interest
current
After
in
April
810,926
wages
accounts
matured
Unmatured
2,301,093
204,981,000 214;368,000
car
accounts
Dividends
191,433,919
2,301,093
debt.
and
[v'nr®^
Ap¬
During 1945 the company issued equipment obligations amounting
So
(par
Miscellaneous
The
RR.—Plan
Chicago Great Western Ry.—Annual Report—
LIABILITIESstock
Plan April 29—
after Samuel Donzis of Texas, holder of 8,000 common shares,
permitted to discuss his proposed recapitalization of the company
because he was unable to remain in New York.
stalment
1,894,415
10,013,340
receivable
Total
to
ordered
Commission
holders
ordered
the
161,
was
1,622,719
_
supplies
dividends
accounts
Unadjusted
as
approved
for
taxes
The
indebtedness
of
amortization.—V. 163, p. 1858.
Edward A. Conger on April 15 adjourned until April
a proposed
plan for the reorganization of the com¬
Judge
Instead
until
capital
from
89,168
ctfs.
0
$75,541,328 $75,249,481
hearing
a
111.L0
was
bodies.
profit
Earns,
ments
13,026,547
Deferred
The
be
the
on
$8,621,718
4,954,562
receivable
receiv.
and
Earned
action
15.541
1052.99^
pany
having
Milwaukee
&
submitted
Sales
9,036,618
79,050
bills
current
Earned
and
holders
Attorneys
further
6,637,334
13,277.772
Deferred
such
warranted
29
1,194,3,.
16,145
4,181,473
Childs Co.—Hearing on
Federal
without
could
it
J.417.547
9^'^4
(.unappropriated)
depreciation and
After
$710,000 if
18,300,000
Accrued
if
war
least
at
application
the
Chickasha Cotton Oil Co. (& Subs.)—Earnings—
(after
12,300.000
and
notes
Miscellaneous
Other
retention,
the
of
continued
for
1165.
p.
Igoe
Commerce
mortgage
was
.2,171,405
etc.
deposits
Taotes
L.
$2,000,000 RFC loan.—V.
1.028,949
Interest
denied
we
transportation
need
its
warrant
we
existing
Shore
been
Illinois
Under
bonds
81.658,812
Audited
to
proceeding
rail
the
public
termination
162,
Michael
had
allowed
were
587,316
depreciation)—
companies,
*
arreas
mortgage
24,480,826
and
Traffic
the
that
in
upon
a
expended
total
Grand
herein
applicant
601,Obi
7'^
1,500,000
mortgage
—
fund—general income mortgage
Post-war refund of exc. prof,
taxes (est. 1—
surplus
223.937.
118.09",
898,434
—
Sinking
Earned
4,355.899
41/2cumulative
those
480,926,388
852,740
balance
Funded
the
which
report
shown
and
war,
then
North
Commission.
from
443,918,965
77,614,055
Common
the
In
dependent
had
after
applicant.—V.
plan
mission,
A
25,155,481
Accrued
Veedersburg
to
be
abandoned
by outleaving intact only the
from
Finance
(after
property
funds
reserve
property
in
Treasury
Other
1943,
10,
Morocco,
sufficient
the
of
Judge
of
The
1944
transit
Material
1944.
industries
conditions
the
Federal
at
treasury
Interest
Sept.
and
applicant
renewal
to
Chicago
$
reserves)
Loans
Marquette
363,904
301,120
117>618
—
fund—not
fund—1st
Sinking
t
51,742
'oni'^o9
liabilities
liabilities
Capital
130,72
310,4:;,;
Unadjusted credits
Earned surplus J appropriated 1:
Capital fund—expended
Crosse,
proved—
288,116
in
depreciation and amortization)
Special
current
Deferred
250.733
Under the
$
Investment
S.
Pere
southerly
permitted to
was
dated
28,
the
the
that
part of
$329,477
Sinking funds
U.
Other
Crosse,
730,032
309,040
^
51,114
356,984
unpaid
Unmatured
interest accrued
Accrued
accounts payable
proceeding is the applicant's second endeavor to procure
public convenience
and
necessity
to
abandon
the
an
application therefor having been denied by. our
duration
shown
26,800,739
com¬
ASSETS—
in
the
of
299 Toy
unpaid
matured
Dividends
46.3
rights over
Ry.
Another
La
??,(?04
wages
accounts
operation
La
The
to
and
matured
Interest
1,248.792
(Cn
payable
payable
balances
service
car
accounts
■Miscellaneous
trackage
under
extending
Veedersburg
that
by
prejudice
610,055
26,800,739
stock..
sh.
stock
in
Junction
and
Audited
1,700.300
270,407
1,577,843
175,652
obligations
Equipment
Traffic
21,769,021
1,403,777
unmatured
debt
accrued
32,641,351
30,852,133
1945
Cash
Percy
operation
598,859
227,155
21,431,500
Preferred
of
decided
$626,000,
Cash
of
miles.
15
conversion;
Common
Funded
Taxes
of
from
Ry.
stock
Stock liability for
permission
for
abandonment
Marquette
$17,033,091 $16,901,91;;
18,078,045
17,996. 1(j0
stock
Preferred
question,
afforded
non-cum.
GENERAL
Misc.
frcm
miles,
certificate
instant
order
—V.
26,839.230
15)891,703
dividends
per
mon
possession
LIABILITIES—
Common
abandon.
in
and
loss.
4'/
on
Earned
Commission
including
Pere
approximately
segment
23.9
certificate
a
Net
balance transf. to
profit
Common
the
with
the
and
railroad
between
to
000
Divs.
and
trans¬
the
took
and
prop¬
duties
in
company
properties
procure
the
accepted the bid of the Tool company,
application
Wellsboro,
9.7
of
portion
and
funds..
reserve
Inc.
court
over
6 Mos. End. Dec
Net
the
properties,
Melcher,
seeks
248,189
16,379,847
deduct,
Misc.
the
all
company.
to
for
49,563
..
..
income
Interest
company
1943.
aforementioned
from
Rents
Tool
order
receiver
assumed
the
Tool
the Dulien
in
the
to
the
8,008,505
42,987
income
income
Gross
encumbrances;
of
the
bid to
company
the
by
to
rights
Morocco,
the
1,138.116
oper.
ry.
Dividend
title
entire
First
Net
the
in
Tool
thereby
miles, including abandonment
49,998,352
7,859,784
income
79,669,398
15,843,936
accruals
oper.
facil.
Jt.
13;647,019
2,803,033
revenues.
oper.
all
Thereafter
$300,000
the
ganization
Net
Railway tax
the
and
undertaken
an
to
of
operation
application
was
amended later to include only certain portions of the property.
By report and certificate dated June 30, 1943, we permitted abandon¬
ment of the portion of the railroad
extending front State Line Junction
3,786,248
-
_
interests
to
bid,
trackage
northeasterly
Equipment Co., which
free
continue
1942.
14,
company
1,
filed
properties,
to
821,958
5,673,689
operations
Total
15,850,251
.30,547.841
3,039,178
Transportation
Misc.
21,728,913
35,358,969
57,561,573
Traffic
General
26,649,293
42,853,703
35,112,939
78,700,2 1
3,211,238
of way & struct.-
the
acquired
Jan.
operation
Operating Expenses—
Maint.
Maint.
ana
$90,000
months before
abandon
under
report
$
$
$
184,876,712 179,128,139 163,970,199
23,506,846
21,669,414
11,493,584
1,579,200
1,373,274
1,200,684
756,556
.754,898
628,340
5,816,933
5,586.811
4,516,955
216,536,248 208,512,535
203,332,146
revenues
oper.
rights
it
receiver
concluded
To'al
Dec.
originally
on
few
A
the
to
a
Dulien
and
the
railroad
between Veedersburg and Swanington, 34.4 miles,
corporation to
take title to that portion of the
was
accepted by the receiver pursuant to order
bid
paid
The
for
necessary
as
assignment of
erties.
the Machine Tool &
was
dated
court,
latter
the
West
1942
1943
1944
1945
Operating Revenues—
YEARS
CALENDAR
FOR
ACCOUNT
INCOME
steps
service
railroad.
portion
GENERAL
bidder
$300,000
pay
assigned all its
Nickel
the
to
offer
th"
of
mUhrffTwni
Wheeling
take
of
SALE
PROPOSED
The successful
pius
Corp., a
snaie
Decembei.
in
^
$1U0
Western Pocahontas
of plttston common
ghare
I
d'uidrig
market
redeemed
were
.
at
Decembei,
in
Co
Pitt^tnn
Pitt
divldei ds o
$
agreed
stock held by C. &; O. were
preferred
Pittstoa
22,426
shares of
\
_„j
Tho
redeemed hy The
Monday, April 22, 1946
1 309 784
' 33;160
' 4i;065
49,540
162,531
no
256,925
234,030
shares
The
capital
V.
stock
by
a
future
163,
p.
on
from
further
April
500.000
intention
present
any
$75,541,328 875,249,481
stockholders
approved
an
Capitalization
increase of
1.000,000
shares.
augmenting its
issue but requested
present
to
of
expansion,
2002.
17
according
to
the
The
increase
Sigmund
the authoino
company
365,600
to
Janas,
outstan
provide
Presiden
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
Volume
Cuban-American Manganese
Columbia Gas & Electric Corp.—Sale of Dayton Power
corporation has filed a plan with the Securities and Exchange
to dispose 01 its 100% holdings in t.,e common stock
Power <k Eight co. in partial compliance with toe com¬
mission's integration oruer.
Columbia will sell the common of Dayton to its common stock¬
holders and underwriters,
and proposes on about May 11 to invite
competitive bids to underwrite the oilering and to open the bids
on
May 20.
To facilitate the offering, Dayton will reclassify its authorized com¬
mon stock Irom 500,000 shares
ino pari to 2,000,000 shares (par $7r.
Columbia will be issued l,530,0u0 shares of reclassified common in
txchange
for the 360,000 outstanding shares it now owns.—V. 163,
Corp.—Annual
MANGANESE
CUBAN-AMERICAN
Common—
CONSOLIDATED
CORP.
(&
Dayton
1858.
p.
1946
$49,573
$0.41
Ended Jan. 31—
after charges and taxes
income
share on 12J.916 shares.
162, p. 453.
per
-V.
1945
$92,410
$0.76
of the Commonwealth Edison
sales to other electric utilities for the week ended April 13,
.showed 2.7%
decrease from the corresponding period last year.
Fol¬
lowing are the kuowact-nour output lotais ox me past four weeks and
1946
Other
30
Mar.
23
163,
—V.
186,765,000
192,633,000
2.7
6.4
179,195,000
184,731,000
6
189.124,000
192,545,000
5.2
4.1
Commonwealth & Southern Corp.—Weekly Output—
Provision
taxes
for
Federal,
and
Net
capital
for
Cuban
stock
570,000
and
27,570
$1,037,265
adjusted to show general business conditions of ter¬
served for the week ended April 11, 1946 amounted to 245,114,379
as
compared with 253,214,231 for tne corresponding week in 1945, a
decrease of 8,099,852 or 3.20% .—V
163, p. 2002.
ritory
deposits,
665,000
..L
_
_
475,000
.
CONSOLIDATED
BALANCE
DEC.
DEC.
SHEET,
S.
hand
on
Government
charges
costi
future
to
582.416
develop.
30,137
5,862
$6,376,750
payable
Reserve
and
$198,611
925,374
300,000
expenses
and
other
taxes
contingencies
stock
(par
Earned
value
$2i
1.900,000
1,900,000
2,450,000
2,450,000
surplus
199,131
197,584
$6,376,750
deducting
and
'
allowance
$4'962'636
for
in
deoreciation
1944;
there
of 75 cents per share
on
the no par
value common stock, payable May 15 to holders of
record May 1.
This compares with 25 cents paid on Jan. 2, this year,
65
cents
on
Oct.
15, 1945, and 60 cents on May 15, 1945.—V. 162,
directors
The
•
17 declared
April
on
dividend
a
pi
cquisition
tNet
balances.—V.
no
after
income
Earnings
Isiael
1945
$3,981,650
$2.80
1946
$4,439,249
$3.20
February—-
charges and
common
per
163,
taxes
snare
190.
p.
The
.
Jan
Edison
of
Company
York, Inc.—
New
System output of elec¬
tricity
(electricity
generated and
purchased)
for the week ended
April 14, 1946, amounted to 183,600,000 kwh., compared with 160,000,000 kwh. for the corresponding week of 1945, an increase of 14.8% .
Local distribution of electricity amounted to 177,600,000 kwh.. compared
with
158,400,000
kwh. for the corresponding week of last year, an
company
April
on
12.2% .—V.
of
announced
17
163,
that
2003.
p.
Hale
is
r,o
be
can
The
to
Ap¬
has
added,
made
machines,
lelated
items.
term
These
with
banks
contracts
of
the
this
basis
of
share
a
against
as
a
previous
no
with
value
par
Cummings, President.
The stock split-up is to
be accomplished by an amendment to the
corporation's charter increasing the authorized common stock from
400,000 shares
(no
par)
to
1,200,000 shares <$1.33Vb
par)
and will
increase the issued and outstanding common stock from 289,164 shares
to
value;
action
the
that
the
;at
will
Tax
not
time
of
will
public
a
the
until
State
filed
be
of
the
will
of
made.—V.
be
of
filed
expected
April
22,
163,
p.
2003.
Net
capital stock (par $15).
(approximately
$50
Shares were placed
163,
share).—V.
per
operating
Other
income
Net
profit
Provision
Net
Consolidated RRs. of Cuba
line
cash
on
cash
a
INCOME
income
PARENT
OF
COMPANY
1944
1943
1942
$3,888
$3,597
$3,256
1945-
Quarters End. Dec. 31—
charges and taxes.—V.
163,
190.
p.
Oil Co.
and
proxy
a
—V.
direcw
162,
p.
mailed
statement
refund
and
to
S.
T.
Lamont
S.
is
Vice
a
and
President
a
director."
2639.
view
to
maintaining
production
close
at
to
wartime
levels,
the
corporation,
on
April
16
purchased an eight-story building in
Worcester, Mass., three floors of which it had leased for the duration
•uf
the
war
to
produce the tiny condensers required for the highly
secret
proximity fuse.
The company will aiso purchase the plant's
machinery and equipment, most of which is owned by the Navy, at a
price already
agreed upon.
In
making the announcement Octave Blake, President, pointed out
that current demand for
capacitors, while not quite as high as during
the
war, was several
times
as
great as in 1941. He explained that
over
the last five years many new applications had been found for
capacitors
of
all
types,
especially
in
the rapidly growing field: of
electronics.
'
•
;,
Cash,
Worcester
any
plant
has
to
$220,406;
reconverted
been
to
peacetime
production.
company and its wholly owned subsidiary, Condenser Corp. of
merica, also operate plants in Providence, R. I.; New Bedford, Mass.,
South
-Mass.—V.
Plainfield,
163,
p.
provision
for
$114,642;
income
payable
$45,305;
income
N,
1155.
Northern
Quarters End. Dec.
![ fProfit
Alter taxes
J.,
well
as
as
a
laboratory
and
stock
for
and
post-war
163,- p.
income
$496,476
127,502
$0.58
(trade,
of
in
Brookline,
payable
a
fP1.
*ter
The
$1,683,578;
war
bond
notes
$1
other
deferred
to
from
payrolls,
and
on
July
sale,
the
15
Securities
It
plans
will
ceeds
and
&
in
total,
to
in
the
its
re¬
$9,034,459
Ball,
31—
charges.
1945
are
Kraus.—V.
&
—
stock
a
with
the
is
offering
headed
bv
163,
for
of pro¬
104,138
1861.
p.
Laurence
M.
000
of
addition
bond
trust
New
interest
New
interest
1945,
May
bonds,
York
$5
Interest
RR.,
fixed
31,
due
coupon
collateral
The
to
Stock
$1,000
per
is payable
York,
N.
due
May
contingent
representing
Dec.
to
will
1,
be
made
1946,
due
1,
May
fixed
(bearing
the
1946,
and
Division
4% ).
quoted ex-
Essex
interest at
Exchange directs that the bonds be
bond on Wednesday, May 1, 1946.
at office of the Delaware, Lackawanna & Western
Y.—V.
163,
p.
2004.
Iron Foundry
Eaton
Cost
shipping
and
$1,658,751
90,857
1,078,<J22
sales
of
Sales,
1,520,153
'.1
and
admin,
174,708
exp...
250,616
$94,416
delivery
Other
profit
income
(less
ether
Manufacturing
shares
of
ratio
1943
163, p.
1942
$315,989
$157,444
tLoss.—V.
1944
taxes.—V.
163,
$583,308
p.
190.
years)
581
...
$296,093
190.
Net
profit carried to surplus
Deprec. (included in above costs and
"Deficit.
1943
$878,900
1942
$1,288,441
iNo
operating
taxable
1945
+$120,250
(prior
income
NOTE—The
provision
loss carry
for the
profits
has been
forward of
year
on
*$175,061
3,803
$120,831
123,301
expense).
made
prior
for Federal
years
is
"$171,257
125,583
income taxes as
sufficient
to
offset-
1945.
war
contracts
to
at
redeem on or about June 1, $1,467,106and 37,500 shares of 5% pre¬
163, p.
1725.
Co.—Common
common
for
the
year
sidered
to
be
not
excessive
and
no
provision for
negotiation proceedings is believed to. be required.
1945
refund
are
under
Stock Offered—-
stock at
$62%
share.
per
March 26 were given the
right
178,364 common shares at $54 per
new
share for each four shares
share
record
one
Cleveland Trust Co., Cleveland, Ohio, and Bankers
York.
Registrars, Central National Bank, Cleveland,
Bank & Trust Co., New York.
Hanover
will
corporate
treasury
for
for
the
proceeds
Axle
Torbensen
as
March
Co.
Spring
&
Axle
Eaton
was
On
Co.
to the company's funds
and will be used to re¬
and future expenditures.
added
be
general
company's
PURPOSE—Net
available
imburse
con¬
re¬
held.
for all
agents,
purposes
past
incorporated in Ohio on Aug. 28, 1916,
1923, the name was changed to
present name was adopted on
May 17,
and the
1932.
16,
the top 10 companies in the automotive
it sells the major part of its products to
also does business with the air¬
craft
industry,
railroads and
manufacturers cf farm implements,
household
appliances
and marine and Diesel engines.
Practically
every
car and
truck produced in the United States contains one or
more
of the company's products.
Prior to World War II, approxi¬
mately 60%
of the company's output was shipped to Chrysler Corp.,
Ford
Motor
Co.,
General Motors Corp. and International Harvester
Co.
Shipments to these customers covered virtually the whole range
of the company's products and shipments of any single product to any
one
customer
constituted
less
than
10'%
oi
the company s total
is
company
among
industry." Normally,
of
cars
and trucks and
at
,
company
of
six
others are:
Windsor,
a
Can.;
plant
which formerly sold products
has not engaged in active opera¬
Corp., recently acquired, which,
Eaton Products, Inc.,
at
Kenosha,
CAPITALIZATION,
Wis.
GIVING EFFECT TO
PRESENT FINANCING
Authorized
"Not
the
shares
in
and
the
on
treasury
sale
of
Outstanding
"891,821 shs.
4,439 shares held in the treasury but gives effect to
March 1, 1946, of 9,811 common shares, previously
for all the outstanding shares of Dynamatic Corp.
(par
including
exchange
,,
are
produced by the company but which
tions
during
1946; and Dynamatic
operates
,
nine subsidiaries, all of which are wholly owned
inactive and have no tangible assets of record.
Eaton-Wilcox-Rich Ltd., which operates a leased plan!
has
which
*$203,175
28,114
25,835
deductions:
profit
credits
of
of
New
Co.,
Central
Common
operating
part
share.—V.
a
Rights expired April 13. Stockholders subscribed
but the 11,518 shares mentioned above.
■
Operating
in
debentures
$21.50
at
Stockholders
The
37,874
$1,385,019
„
allowances..
and
made
was
Lynch, Pierce, Fenner & Beane, as managers, on
16 announced the offering of the unsubscribed
April
but
1944
1945
sales
Returns
alwavs
Richards and
shares of 4% cumulative convertible
output.
Co.—Annual Report—
Calendar Years—
Gross
not
Merrill
The
Detroit Gray
used
be
15-year
stock
manufacturers
payment of $5 per
period Oct. 1,
on surrender of
a
for
1,
Morris
the
from
2042,
1946,
interest
on
it is
Offered—Offering
Stock
—
108,000
will
5%
ferred
The
Delaware Lackawanna & Western RR.—Interest—
1945,
reasons
companies in exact alphabetical
are always as near alphabetical
preferred stock, Series A, at $25 a share.
parts
$1,000
Co.
associates of
held
1944
—$259,567
and
Drackett
COMPANY—Company
Underwriters
Burge
of unused
April 17 by Van Alstyne, Noel & Co., Field,
preferred
from
filed
statement
proposed
The
reason
possible.
as
in
un¬
$1,800,000;
par)
proceeds
of
part
mechanical
arrange
$25,837;
redemption and another $775,000
plant.
common.
and
to
position
and
($10
shares
50,000
with
It was also stated
earnings by
However, they
to subscribe for
Offering—
registration
a
these
in
2004.
p.
NOTE—-For
Exchange Commission.
pari
Co.
share
a
states,
additions
($5
Marks
redeem
to
$10.50
$525,000
use
for
shares
at
industries,
credit, since the earnings of the company for the
fiscal years were not subject to excess profits taxes.—
preceding
Transfer
company
shortage
other
ac¬
$3,389,072;
surplus.
inventory adjus.ments, $200,000;
Stock
by
in
that the loss in the industrial
of materials, OPA prices, and
and that some relief from
stated
company
carrybacks
no
merchandise,
on
(unsecured),
bank
taxes
payable
taxes
$853,750;
showed a net loss
ac¬
equipment
Federal
deposits
deductions
payable
1943
tax
possible
against
$491,153;
$736,253;
$295,598;
share),
per
Co.—Plans
company
stock
Net
Dec, 31—
charges
were
(11,518)
(trade),
31,
"$247,695
prices has already been obtained.
citing
profits
163,
the
strikes
of
there
excess
Trust
Rys.—Earnings-
RR.—Earnings—
Quarters End.
former
insurance,
and
plant
$235,205),
and
claim
prepaid
$9,201;
property,
(at
profits tax
sundry
$2,922,381;
taxi,
JAN.
$72,765.
of
influenced
was
effect
that
2003.
DeVilbiss
the
of
official
Proceeds
securities
excess
$9,034,459.
accruals,
$4,139;
(par
receivable
$113,481;
accrued,
other
funds,
net
Cuba
the
1,311,379
Government
inventories,
ENDED
Division, which
of Industrial
operations
.
t$15,799
and
period
An
division
1946
26,
States
Inc.—Earnings—
MONTHS
$1,807,855
States Treasury
depreciation
toial,
tax
claimed
Net
Cuba
for
12,687
775,180
JAN.
United
years
LIABILITIES—Accounts
$927"
SHEET,
10
FOR
profit after charges and Federal taxes
$1,795,168
The
•and
Net
10,187,337
$1,435,094
income
United
expenses,
trans¬
162, p. 2640.
Jan. 27. '45
$659,914
on
accounts
(prior
other
net profit
taxes, $118,000;
income
Industries,
EARNINGS
Aug. 1, '44
9,780,550
expenses-
surplus.
merchandise
facilities,
Federal
to
income
on
taxes,
surplus, $596,637.—V.
Domestic
two
$0.77
taxes
taxes
$3,080,605;
$25,481;
and
,
The
without
54.520
Federal
Government
In
a
purchasing
are
President
Cornell-Dubilier Electric Corp.—Purchases Plant—
With
the
made
127,783
bonds.
crued),
serve
Incorporated, of which George Whitney is
JJp.
has
(Del.)—Reduces Bank Loans—-
stockholders on April 15, in con¬
nection
with
the
solicitation
of
proxies by the management for use
■at the annual meeting of stockholders on
May 14, 1946, says in part:
"The company in March
1945, borrowed $15,000,000 from banks on
>hort term loans to purchase the stock of Navarro Oil Co.
In March
1946, these loans were repaid, $10,000,000 having been borrowed for
■that purpose from banks.
Part of the money borrowed in
1945 and
1946
was
loaned
by Guaranty Trust Co.
of New
York, of which
William C. Potter is a director, and part of the balance by J. P.
Morgan &
The
appliances
$1,380,575
BALANCE
V.
Continental
earned
etc.,
reconversion costs, $420,153;
accelerated
$128,192; balance, $478,637; re¬
plant
emergency
year's
1945, follows:
profit,
$1,687,414;
total income,
$177,124; depreciation and amorti¬
$215,000; profit befeore special
operating
income
ended Dec. 31,
months
six
interest,
Federal
of
order.
value), $2,057,110;
common
$5,022
less
''After
other
many
basis
share
crued,
ONLY
operating
transferred
ASSETS
charges.
$1,581,278
$1,191,351
$736,864
$238,745
_
EARNINGS
'Net
arrange¬
ACCOUNT
profit.......
Federai
per
amortized
1942
1943
1944
$14,366,428;
prior
to
and re¬
special amortization
and
taxes
the
for
$1,026,982;
of
ferred
new
appliances
and
who
companies
company
of
policy
paici
Earnings
(after
(& Subs.)—Earnings—
1945
and
before
profit
taxes
Net
fund
refrigerators,
of
and
(net)....
for
Dividends
U.
2003.
Quarters End. Dec. 31—
sold
1945
$596,637
1,049,546
$0.57
Federal
pensions,
$295,830;
$11,161,125 $11,982,505
goods
31.
charges.
sales,
these
Jan. 26, '46
April 14 placed privately 42,000
on
market
p.
and
home
of
consist
Sales
of
MONTHS ENDED DEC.
SIX
district
on
to
Cost
new
2004.
p.
FOR
depreciation,
Gov¬
two
Aug. 1, '45
Offerings—
Consolidated Natural Gas Co.—Secondary
shares
is
It
week
the
is
amendment
Maryland.
during
announcement
Lazard Freres & Co.
at
S.
recourse.
Nathan
Mr.
effective
become
Commission
amendment
which
by
shares.
867,492
This
with
announced
as
U
business
cleaners
new
present
finance
the
line
new
vacuum
with
and
from
in March,
eight
outstanding
income account
amortization
V.
value
$1.33Vi
company
including
available
arc
a
stated
the
Construction
appliances
its
COMPARATIVE
special meeting held on April 16, 1946, the common stockholders
the
splitting of
the corporation's common stock on
the
of
three
share
for
one,
the
to have a
par
resulting shares
163,
of
opening
sales
in
increase
acquisition
the
recent
share
per
"Includes
stoves,
continue
the
in
was
the
and
$1,714,936;
whereby
plans
heart
Detroit.
complete
connection
to
the
in
materials
as
a
409,980
taxes.
period
shares
"After
contractors.
added
electric
In
intends
company
soon
with
completed
other
merchandise.
present
washing
as
has
company
its
011
outstanding
profit
conversion
2003.
p.
and
Cash
207,377
$0.50
1946
$5,358,121.
situated .in
the
l
1945
$3,993,133
504,574
$1.22
report adds.—V.
charges,
$2,991,637
final payment.
1946.— v. 160,
shares of common stock
preferred stock retired in 1945.
1 After charges and
presently
1946,
stores
The
after
of
to
2.78
approved
•$4
by
on income, the current assets amounting
to
recently
one
and
begin
proved 3 for 1—
At
163,
condition
of
15,
Doehler-Jarvis Corp.—Earnings—
eight,
approved
was
pait:
ratio
of
Feb.
discharged on
volume during the
1945, of 19 Peggie
units, raising the
number of outlets to 53.
Also contributing to the increased sales was
the higher volume in the 26 stores which were operating a year ago,,
31,
Capital
from
10
to
ago—V.
financial
liabilities.
amounted
Mich.,
arrangements
Stock
of
Corp.—Split-Up
Grocers
units
ments
all
Consolidated
be
in
the
linantial
a
current
management
Pontiac,
new
and
securities
will
stores
states
covering
shows
Federal taxes
$8,305,983
in
Output—
1946,
the date
and
1946
l,
were
Corp.—Earnings—
-important -factor
Jan.
both of Hershey, Pa., have been
month
of
life
annum.
per
share
on
income
Earned
a
2%
of
$6,815,534
dividends
An
zation,
President
report
26
*00
to
The
increase
Davidson,
interim
at
as
ernment
Consolidated
The
about
rate
at
paid entire amount due the Reconstruc¬
being $42,874, $207,126 having been paid
Jan.
mortgages
Stores
per
Federal
162,
Directors—
increasing the directorate
Hershey properties in Cuba
the
stockholders
interest
profit
New
Connecticut Light & Power Co.—Earnings—
—V.
of
notes
$30,<K)0 am?
of $4,993,-
depletion
Davidson Bros., Inc.—Semi-Annual
Report—
12 Months Ended
Net
Co.—New
^ diiectors, and. P. A. Staple
Hershey thus
ed
ee
LUDan-Atluntic
2639.
p.
Sugar
180-day
three
of $90,000,
amounts
company
EARNINGS
Cuban-Atlantic
Distribution—
executed
company
the
Federal
sales
$5,971,569
and
were
$5,020;
$819;
two notes secured by assignment
latter by the cash surrender value of
the
and
between
chattel
2ol5.
p.
t^tal,
accruals,
$20,105;
wages,
first
Corporation,
dates
Diana
the
Total
1946,
the
bear
1946,
15,
and
after
$253,635
1,073,985
500.000
Cuban
surplus
'
Feb.
$5,971,569
operations.
accrued
Federal,
for
Notes
"Based
for
payable,
unclaimed
10,
receivable
"Earned
Provision
$80,808;
insurance,
6 Months Ended Jan. 31—
LIABILITIESAccounts
Feb.
Finance
Net
Total
.
429.
p.
550,706
__
&
1
4,000,000
577,781
(at
4.750.000
327,037
obligations
receivable
$832,585
1945
liability for defective castings,
$752;
respectively,
various
1944
$691,795
Invetories, at average cost
Land, leaseholds, plant, equip.
Deferred
On
tion
Real
and
of life
value
Michigan National Bank in
insurance.
at
31
1945
banks
Accounts
$0.39
share
per
in
475,000
$0.50
_
Earnings
the
to
accounts
$372,265
31,
$29,100; lease
employees' war
income taxes
(prior years), $23,315; mortgage note payable to Reconstruction Pinance
Corporation, $250,000; common stock ($1 par value), $587,500;
earned surplus, $262,9C9; capital surplus, $10,017;
total, $1,190,188.
$80,000,
$476,547
DEC.
demand
surrender
cash
^accounts,
NOTES—On
200,000
SHEET,
and
LIABILITIES—Accounts
bond
"Net
Conde Nast Publications, Inc.—Larger
$2,750;
on
$1,190,188.
income
state
taxes
income
corporation
this
77,954
$1,009,695
contingencies
Dividends
output of electric energy of subsidiaries of
weekly kilowatt hour
67,937
_
34,794
Capital
The
expenses,
income
Common
2002.
p.
general
$1,246,547
% Dec.
1945
181,731,000
lbO,33y,OGO
13
Apr
Mar
216,108
3,146,779
hand
deposits, $96,779; accounts re¬
ceivable, $96,649; inventories, $58,948; tax funds held in escrow. $/, 12o;
property, plant and equipment (after reserve for depreciation 01 $587,341), $834,115; deferred charges, $10,897, sundry receivables, $2,116;
(deposit), $650;
comparisons with last year:
Week Ended—
Apr
and
$1,211,753
U.
of companies,
group
excluding
percentage
191,537
selling
ASSETS—
Commonwealth Edison Co.—Weekly Output—
$4,450,536
2,322,534
Casn
Electricity output
1944
$3,793,761
handling
Administrative,
Provision
Quarter
Net
sales
and
BALANCE
ASSETS—Cash
1945
Gross
Freight
Commercial Shearing & Stamping Co.—Earnings—
Earn,
Report-
SUBS.)
INCOME
The
Commission
of
2155
the
$4)
178,364 common
1,000,009 shs.
shares now offered.
authorized funded debt, but it is a party to
a
bank credit agreement, dated Sept.
15, 1945, under the provisions
of which the seven banks which are parties to the agreement have
severally agreed to extend to the company an aggregate bank credit
of $15,000,000 which shall continue until Sept,. 15, 1950, unless sooner
terminated.
Any loans made will be evidenced by promissory notes
maturing on or before Sept. 15, 1950, and bearing interest, payc.b'.o
NOTE—Company has no
THE COMMERCIAL & FINANCIAL CHRONICLE
2156
Quarterly,
the
at
1 "L 'it
of
rate
Company has not niade
annum.
per
loans pursuant to the agreement which provides, among other
that the company shall pay quarterly to the participating
banks, so long as the bank credit is available to the company,
a
commitment commission of 38'<
per annum of the unused portion of
Flamingo Air Service, Inc.—Stock Sold—
any
things,
UNDERWRITERS-The
taken
be
Bros
Percentages
Dillon
Corp
Shepard &
Co...
1.4016
1.4016
McDonald &
Clark.
Paul
Corp
C.
Stein
2.8033
Pacific Co. of California--
Higginson Corp
Webber, Jackson &
Reinholdt
returns;
doubtful accounts
for
Prov.
As
with
Mar. 25, '44
$11,707,281
647,580
179,046
$9,760,083
105,411
taxes
23,
share
year.—V.
163,
88
were
compared
operation,
in
stores
2C05.
p.
per
0After
1943
$63,892,991
205,365
1,232,338
668,404
428,038
$25,915,000
736,182
426,676
$1.72
shares
share
common
for
reserve
and
profits taxes.—V.
excess
$2.88
$0.31
contingencies and
provision
163,
estimated Federal
for
2005.
p.
Franklin County Distilling Co., Inc.—Name
1943
$
$
By
amendment
changed
Curb
its
stock
of
April
15.—V.
the
company
of
Changed—
Distillery, Inc., the New York
April 12.
Transactions in the common
recorded under the new name beginning
were
would
profit.
income-.
Other
15,429,675
397,466
15,327,251
399,882
11,829,165
424,244
Gross
Federal
income
tax
and
tax
profits
excess
Canadian
15,827,142
15,727,134
83,044
106,372
64,452
1,252,000
1,251,900
7,450,000
10,019,492
—
45,000
(net)
Adjustment of prior years
Prov. for contingencies
registrar
595,208
574,791
$3,425,316
—V.
163,
2,110,938
Game well Co.
income
Number of
Net
2,110,938
after
Power
American
of
National
week
Power
per
1945
during
1946,
the
income
Light
were
Co.,
inputs
the
thousands of
(in
follows
as
with
compared
as
1246
Power
&
Light
National Power &
57,841
Decrease
103,667
appearing in both periods.—V.
163,
—
5.6
the
for
excess
February 28, 1946, was $148,493,
profits tax credit, and after charges, Federal and
Eisemaim
Jack
&
Corp.—Consolidation
Heintz
Precision
4,715
SI)
(par
$i
163,
Eureka
Williams
Net
income
Earn,
after
sh.
per
It
charges
and
that
6 Mos.
$47,683
$137,474
$0.10
$0.30
Registers With SEC—
corporation
stock,
common
York
New
which
be
to
are
Detroit
or
Stock
with
sold
the
SEC
from
shares
17,000
time
to
time
163,
p.
($5
par)
1863.
Exchangse.—V.
either
on
net
34
192.
p.
shares
(b)
treasury,
Buick
to
(no
209,250
to
par)
shares
162, p.
Transfer
to
UAW-CIO
in
Buick
strike
the
have
final
to
and
pre¬
Morris F. La Croix. Chair¬
meeting, said it was likely
$50 par $2.50 preferred stock
163,
2006.
p.
Milwaukee, Wis.—Stock Offered—
has agreed to use in due course its best efforts
stock on the New York Curb Exchange.
is
swinging back
optimism
to
quan¬
of
a
of
frame
a
Steel
Co.
other
is
President
forecast
a
peak
production
halted
were
shortage
plant
of
that
for
will
created
was
to
the
begin
week
a
Cleveland.
at
limited
models
Vice
the
many
orders.
lines
prior
by
to
work
a
is
company
for
batteries
and
devices
electronic
During
the
in
the
and
to
than
period,
war
the
engaged to a substantial
small unique
was
company
production of special war items, including a
six
four-door
is
series
50
accelerated.
in
four
special
total
slightly
for slightly
more
products accounted for somewhat less
spark plugs accounted for the small
war
less
accounted, over
of total sales.
ended 1945, because of the substantial
and special war products, storage bat¬
than half of total sales.
Ce"tia a
years
Centralab
for
and
sales,
war
of
sales
accounted
six years ended 1941,
Centralab division products
the
for approximately 20r/r
period,
the
During
growth
teries
farm
over
sales.
total
of
for
extent
accounted,
year
for the automobile replacement market,
lighting, motorcycles, radio, and other
primarily
batteries,
small
a
70'v
such
than millto
balance,
l e
sales of products for the armed services
ui
ing the last five years represented the following approximate propo tions of total sales:
1941, 1 if; 1942, 13' > ; 1943 and 1944, 52 /. an
1945, 54')
Nearly all contracts covering products for the al'"iea ser"
vices' have been terminated or substantially reduced, and as of Ma i en
that
estimates
company
.
Substantially
used
be
all
approximated $500,ouu.
orders for such products
the company's equipment
unfilled
1946,
31,
Ohio.
volume
as
small farm
of
predecessor
engaged primarily in the manufacture and sale of
the automobile replacement market; of various
parts for radio, television,
radar, and other
uses:
and of spark plugs and roller skates.
For many years the com¬
pany has supplied Sears, Roebuck and Co. with storage batteries, spark
plugs and roller skates.
Aggregate sales to Sears increased in each
of
the last
nine years, except
in 1945, and averaged approximately
55'.;
of total sales for the six years ended
1941, and approximately
28'i
for the four war years ended 1945.
Based on available informa¬
tion, the company believes that its sales in each of the past ten years
have
accounted for
upwards of 10'<■•
of the total industry sales of
automotive
replacement storage batteries.
The
storage
and
resumed.
with
initiated in
a
division.
purposes,
termination
and
a
Milwaukee,
Wis., prior to
the company began the
production of storage batteries for automobiles, and in 1925 it ac¬
quired a manufacturer of radio volume controls.
Over the years, the
company has become one of
the five largest domestic producers of
storage batteries
and an important factor in certain lines in the
field
of
basic
electronic
component parts
through its Centralab
1920's,
early
the
In
1908.
business
equipment
lighting
proximity fuse.
after
been
outgrowth of
BUSINESS—Company is an
&
new
1281.
Manager
maintain
currently
of
has
backlog
when
production
Assemblies
also
assembly
Midland
extent
into common stock,
175,000 additional
Marine
capital
the
list
months.
General
expressed
large
a
reduction in capital to the
Chase National Bank of New York and First Wis¬
Milwaukee.
Registrars: Guaranty Trust Co. of
National Exchange Bank of Milwaukee.
Co.,
and
York
extent
for
par*
employees—the
full
pre-strike
and production is reported to be mount¬
final
assembly
of
Buick
bodies at
the
Mich.,
would
Fisher
a
outstanding
of
Inc.,
Agents:
Trust
consin
New
shares
500,000
(no
18
Again in Production—
automobiles
four
Buick
Corp.,
shrink
and
sedan.
than
Flint,
Curtice,
Division
stoppage
the
at
spentic
Sachs & Co. on April 16 offered at $23 per
share 120,000 shares of capital stock (par $5).
Of the
shares offered 81,000 are being sold by selling stock¬
holders and 39,000 are being issued by the company.
manufacturing
Simultaneously,
H.
without
purposes
increase
to
the payroll
on
Motors
months
the
has registered
in
that Buick
17
model
more
12,000
plant
General
April
1946
lasted
back
daily.
Buick
The
300,285
held
outstanding
on
of
than
Harlow
snares
163,
Split Up—
two-for-one basis.—V.
a
production
Fisher
taxes
common
stock
common
exchange
on
announced
was
force—are
Corp.—Earnings'—
457,070
on
above
with $121,172 or
1945.—V.
30,
meeting in Palmyra, N. Y. April
split.
The stockholders voted (a)
stock
from
common
and
More
3 Mos.
The
reserves.
compares
Nov.
General Motors Corp.—Buicks
ing
Period End. Jan. 31, 1946—
ended
special
a
of
capital
question,
presided at the
who
retired.—V.
be
Storage
4.5
1725.
p.
at
shares
stock
par
tity
Inc.—V.
renegotiation
share and
a
quarter
two-for-one
a
authorized
Approved—
Industries,
the
stockholders
approved
strike
See
share in
and
income
on
ended
quarter
13.0
4,657
2004.
p.
$4.79
Garlock Packing Co.—2 for 1
The
the system inputs of any companies
include
not
is
a
cancel
Pet.
Amount
9,383
8,609
66,450
99,010
Corp
Light Co
The above figures do
not
1945
168,167
$0.95
client
kilowatt-hours):
153,784
Operating Subsidiaries of—
Power & Light Co
American
Electric
of
corresponding
—
119,304
$1.04
equal to 42 cents
cents
System
1944
$572,510
359,912
share
comon
1945
$339,833
357,912
taxes
Ebasco Services Inc., which are subsidiaries
Light Co., Electric Power & Light Corp. and
&
&
11,
April
of
companies
operating
Inc.—Weekly Input—
ended
week
the
163,
$371,055
shares
income
For
ap¬
value—V.
par
1946
charges & taxes__
Canadian
Ebasco Services
$100
been
(& Subs.)—Earnings—
common
including 10'/)
1725.
p.
stock,
has
York
$3,651,523
$3,729,577
2,110,938
Dividends
preferred
New
of
City
9 Mos.Ended February—
Net
Earnings
Balance surplus
4 f/<
the
of
the
of
2005.
88,000
Crl0,300
Crl3,084
prov
pointed
p.
10,184,804
56,133
(net)
tax
income
on
surtax
approved
shares
43,589
Globe-Union
Co.—Registrar Appointed—
Bank
National
held on April 17, approved
incorporation modifying restric¬
of
lor
stockholder's
a
board,
the
HISTORY
1,253,453
deductions
normal
Fed.
12,253,410
income
Total
Other
Chase
Issue
LISTING—Company
Fruehauf Trailer
The
profits
Goldman,
309.
p.
to
answer
of
has
this company
incorporation
Poindexter
notified
was
163,
certificate
Old
to
name
Exchange
the
to
debt
by conversions of preferred shares
another amendment
to authorize
the
to
'
$o 47
excess
shares.
that
1944
certificate
also
stockholders
The
approved
man
1945
$6,486,318
Earn,
and
approval.
stockholder
In
Subs.)--Earnings—
"Net earnings
common
income
annual meeting
the
at
the
to
incurring
against
ferred
Sales
of
Federeal
651.
p.
stockholders,
tions
$0.23
$0.45
$1.69
there
1946,
Food Machinery Corp. (&
No.
163,
amendment
an
Mar. 24. '45
Mar. 23, '46
common
March
last
$0.45
General Telephone Corp.- -New Preferred Stock
permitted
90
627.391
$0.76
share
depreciation,
interest,
etc.—V.
taxes,
The
Stores, Inc.—Earnings—
after
per
of
1.1213
87,198,586 114,995,066 117,160,463
73,313,877
97,322,709 99,829,646
2,055,543
2,342,605
1,893,740
2,500
7,400
etc
sold
Selling, adv., adm. and gen. exps...
$0.68
shares
common
$21,408,827
Earnings
1.1213
1944
$
less
1,007,054
$2.92
8306.291
627,391
Approved—
Fair
income
income
goods
345,341
on
$22,293,546
233,135
taxes
CALENDAR YEARS
1945
sales,
1.1213
Gardner
&
FOR
STATEMENT
INCOME
1.1213
Co
Northwest
Pacific
2.8033
of
1.1213
1.1213
Co
&
share
per
and
3 Mos. End. Dec. 31—
Loughridge & Co
Richards & Co
Masten
charges
Sales
Net
Chanute,
A.
E.
after
163, p. 651.
Food
1.4016
1,1213
Eichler & Co...
Bosworth,
Field,
Curtis
Gross
1.4016
Boyce
Weeks & Stubbs
Whiting,
Bateman,
Paine,
CONSOLIDATED
&
Bros.
"After
1944
$289,917
627,391
outstanding
shares
Earnings per comon
12 Mos.
1945
$487,433
profit
Common
3 Mos.
12 Weeks Ended—
1.4016
2.8033
Co
&
1.4016
1.4016
Co
&
Company
2.8043
Weeks
&
Langley
Ohio
Prescott & Co
2.8033
Noyes & Co
Hemphill,
Horn blower
The
1.4016
1.4016
Co
Turben
Merrill,
2.8033
Co
&
Barney
Securities
Dodge & Co
H. Davis & Co
Cost
Earned
Hayden, Miller & Co
Laird, Bissell & Meeds—
4.4852
4.4852
4.4852
4.4852
4.4852
2.8033
Union
"Net
2005.
p.
$3,644,566
income
—V.
4.4852
Peabody & Co
Smith,
11 at $2 per share
163,
1946
3 Mos. End. Jan. 31—
1.4016
Hawley,
-
Goldman,
Net
1.6820
4.4852
Co
&
Forgan & Co
Sachs & Co
Glore,
shares
135,000
V.
closed.—See
books
Sales
1.6820
Co
4,4852
Boston
First
Lee
&
House
Co.,
&
Inc
Co.,
&
Eastman,
W.
2.2426
Curtiss,
Inc.
Kidder,
the
and
F eriod End. Dec. 31—
4,4852
Ripley
Harriman,
The
oversubscribed
(& Subs.)—Earnings—•
General Shoe Corp.
of
offering
the
that
announce
Florence Stove Co.—Earnings—
per-
Watlir.g, Lerchen & Co.__
Baker. Weeks & Harden..
Laurence M. Marks & Co..
8,0532
4.4852
Beane
&
Fenner
Blyth
Troster
capital stock ($1 par) of the company made April
has been
each are as follows:
by
Percentages
Lynch, Pierce,
Lehman
the
and
underwriters
the
of
names
unsubscribed shares to
centages 01
Merrill
Rose &
credit.
bank
the
Hoit,
of
Monday, April 22, 1946
-
of
used for war work can
peacetime operations.
for
Manufacturing
ioi
$1
New
value
par
share
one
for
the
that
York
Curb
each
certificates
April
be
stock
common
for
to
163.
be
he'd
April 9,
effecting
mailed
15.—V.
is
April
on
will
shares
two
distribution
would
Exchange
quoted
the
The
the
the
17,
split-up
company's
that
the
distribution
1946.
Record
Exchange had
three-for-two
by
announced
ex
April
on
1946.
holders
13
been
of
stock
agent
on
At
the
taxes
tion
1946
1945
—$75,633
2 557 377
"On
398.806
-
-
162,
455."
p.
Exchange
common
which
at
M,lcl
it
will
retirement
Federal
of
or
proposes
Commission
at
the
consider
May
on
1
it
will
the
net
file
later
a
proceeds
of
sale
to
purchase
Transit
approved
to
vote
annual
the
in
from
$160,000
subsidiary
of
of
of
of
Federal
sale
a
at
to
Stonewall
for
of
a
its
puce
to
be
held
m
disposed
of
Electric
Co..
subsidiary
to
$100,000.
The
than
August,
by
sale
1943,
or
Sale of Trinidad
demand
for
proxies
bidding
April 24.
ordered
st'
p.
Federal
t"rs
w lin
arranged
in
Co.
Exchange
FOR
and
and
L.
the
Fay,
shares
100,000
of
class
A
275.000
of
shares
shares
957,615
of
to
175,000
shares;
stock
common
shares.—V.
163,
shares
was
re¬
464.
p.
MONTHS
A
31.
directors
on
terms
of
share
of
of
the
stock
Tile
this
a
of
April
11
authorized
1943,
to
the
$4
common
presently
with
new
the
offer,
stock
will
outstanding
waiver
convertible
of
be
of
1946
to
be
stock
preferred
S5.5G
and
Co.
of
to
in
which
the
for
stock
for
General Railway
by
the
holdings
in
Trinidad
Net
Co.,
Earned
G.
&
White &
SEC
Inc
Engineering Corp.— Regis-
profits
after
per
(par
$1)
SK,'" be"LB £0ld bs l0u'' stockholders.
"ipal underwriter1"0"
Si"5' Mmton * C° •
011
The
sharps
Prtce
lM' is
Committee
sHSPended
SEC
cover¬
nrp
nut
of* •General
""medTin-
lower
and
331,p51
out
327,304
kwh.,
the
respective
for
shares
of
of
capital
taxesj^
common
To Be
share
preferred
thereon.
similar
to
rate
stock
for
conversion.
6,500
Goldman, Sachs & Co
A.
C.
Whipple
Baker,
975
Watts
&
Co
650
&
Co
975
G.
Becker
Belts,
&
Borland
George
C.
975
Inc
Co
&
Stearns
Bear,
A.
and Co.,
Allyn
Bacon,
D.
B.
Co., Inc
&
Republic Co.
Davis
&
&
Co
488
487
Co
Paul H.
Elworthy
488
Co
&
Bonbright
Bradford
975
975
(Inc.i_.
975
Co
of
said; issue,-it
was
General
the
A
New
the
lack
3 Mos.
12 Mos.
$1,033,865
$0 49
$2 77
& Utility
after
Mar- 31, '45
Debenture
::.;;:::::::;:: Sl2«*6«
$26.95
$222i
Provision
p.
par
has
value,
facilities
for
975
Evans
and
$348,461
contingencies
------
;
&
Wt'E. fHutton
Lobvt'i
488
Co
488
812
&
975
2.025
1,350
2
025
2.025
1.012
1.012
1.013
2.025
2.025
1.013
2.025
1.012
1.012
1.688
2.025
975
Co
2.025
2,025
812
650
1
2,437
812
Lynch, Pierce, Finner & Beane
Milwaukee ,Co
1,950
1,950
1.688
1.350
5.063
1.688
4.050
4.050
2 025
Mitchell, Hutehins & Co
Pacific Northwest Co
1944
$285,676
975
488
650
Piper, Jaffray & Hopwood
Riley & Co
975
2.025
488
1.012
488
1.012
975
2.025
114,471
Riter
gg 265
109 720
L.
5o!o00
25^000
' $Sl;97i
2.025
975
Weeks
& Co.. J J
Merrill
The
F.
$36,485
&
Co
R.
Staats
Brothers &
Co
Co..
The Wisconsin Co.__.-L
Dean
650
Rothschild & Co
William
Stern
-VetlS;°pt 464: L
&
Hemphill, Noyes & Co
Hohfibrower
123,225
tax
A.
13.500
Moore, Leonard & Lynch
Maynard H Miirch & Co
2888,
1945
expenses
interest
for
Exchange
without
Corp.—Earnings—
Quarter Ended Dec. 31—
Profits
Curb
transfer
aqjiounced 011 April 17.—V. 141,
Realty
Co
Kalm^n & Coippany, Inc
Kebbpn, McCormick & Co
Leliman Brothers
stock,
of
487
&
First of Michigan Corp
Morris F. Fox & Co
$191,302
York
common'
to
Co
Est.abrook &
_ua__
Shs.
Purchased
From
1946 amounted to
0.3over the cor¬
shares^-.
the
stock
Stockholdeis
12.
or
underwriting agreements
severally agreed to set
as set forth below
selling stockholders have
the
numbers
Company
2006.
p.
_
and
one
Co" Ltd.—Qff List—
Listing
of the
five
dividend
common
surrendered
Deperciation
^ 30' '46 Dec" 31- '45
*29'13
the company
plus
dividends
of
-
dealin0's ™ the class
'Rayon Co., Ltd. due
to the public
Fidelity Fund, Inc.—Net Asset Value
Higherasset-
issue by
No. of
Signal Co.—Earnings—
charges
share
General Rayon
,,The
a registration statement with the
stock
common
the
From
each
provisions
the
shares
Period Ended Dec. 31, 1945—
approved
J.
from
.
1946,
9,
stock
dividend
unpaid
have
week ended April
of
f
.
the
Under
J.
increase
proceeds
UNDERWRITERS—In
Central
an
^ op ted
among
which,
Clement
Sept. 30 the time
Gas
net
exchange
an
May
on
exchange
or
will
16
of
preferred
in
except
into
making
Weekly Output—
nrHio electric output for the
119,928 708
stockholders
stock
$1 07
stockholders.
expire
issued
accrued
preferred
convertible
will
dividend
outstanding preferred stock
the privilege of conversion
share
the
convertible
$6
the
15,
1946,
incorporation
Feb.
of
sold by it (estimated $828,500), will be added to
the company, and as such may be used for any <■
porate purposes.
1
stocks
common
ureferred
which
dividend
held
certificate
Corp.—Exchange Offer—
on
exchange
meeting
the
to
"
funds of
company
new
of the board o:1
preferred stock weie i
meeting
$153,445
and
common
17,
April
a
the preferred stock, authorized 400,000 ^na
capital
$5i, and changed each two shares of outsta
common
stock
(no
pari
into three shares of such capital stoc ..
effect thereof being an outstanding capitalization of 276,000 snai
such capital stock
(par $1,380.0001.
respective
The
250.000
eliminated
stock (par
things,
general
2006.
p.
annual
the
At
At
1946, such 9,064 shares of
29,
FURPOSE—The
JAN.
....
class
Jan.
capital
ENDED
authorized
were
which
of
pari,
company's treasury.
the
in
amendments
the
315.000 shs.
400,000 shs.
there
1945.
31,
(no
_
held
stock
of
PRESENT FINANCING
Authorized
Outstanding
184,000 shares carried at S84».*«u.
were
issued and outstanding, and there were authorized 10.000 ,n
•
of
T/r
cumulative preferred stock
(par $100i.
of which the
amount tneretofore
issued and outstanding, namely 9,064 sjial -•
redemp¬
stock.
TO
EFFECT
$5i
(par
Dec.
stock
common
tors on
the
~V; 162, p. 3073.
OHJU—
-V.aiS63 pam2er
approving
Corp.—Earnings—
FOUR
taxes
on
kwh.,
Tllese involve the sale
Manufacturing
g landing
following
stockholders'
Holdings Postponed—
inJ^fiS^h. ,haS of
IJled
116,000 shaies
Net
the
Russell
Com-
question
191.
ing
sh.
the.
Electric
17.
annual
Bridwell,
common
from
to
responding week of 1945.—V. 163,
Transmission, Railway
lbJ,
and
of
number
shares
Phoenix
after
per
163,
each
has
properties
transactions
PeC'.r
—V.
and
Suburban
Securities
the
pJ?®,Cr^iSSi°n haS extended t0
nitist
consummate
several
Eiectnc
Federal,
Sheridan
ol
l
reduced
was
authorized
1,000,000
profit
Earned
the
otherwise.
Federal
—v.
of
properties
less
ratifying
in
Federal
competitive
meeting of stockholders
Wyoming
stock
the
EARNINGS
the
to
solicit
Oct.
shares
42,384.9705
from
shares
petition
favor
Tucson
a
A
(2)
offer
Co.,
last
April
1949
O.
Stk.
Thorn.
C.
adopted
General Public Service
application
the
Stonewall Electric to Sell
Properties—
sale
class
and
duced
bidding.
apply
Rapid
stockholders
otherwise
to
will
King
held
the
until
Charles
following amendments to the certificate of incorporation
company
were
duly adopted: (1) The authorized number of
Tucson
outstanding securities.
n
its
Co..
the Comn>ission
rfie °f. Tucr'°n
$160,000 in cash.
The
on
sell its entire interest in Tucson
consisting of 147.000 shares of
to
Power
competitive
propose
its
also
Commission
,comPany
&
.
retiring
stockholders
serve
Bauers.
duly
retirement
General
Hearing
and
were
of
to
L.
The
Net
and
£?. p™p°sal °tf. Lh.e
Ci
stock,
V
""
Federal Light & Traction
Co.—SEC
t
on
__
shares.—V.
Securities
$477,415
_
Sale—
The
875,633
Nil
-
share
com.
Robbins
and
and
$3,034,792
renegotiation
of
(I,Net profit
per
"Earned
L.
Advertising Co., Inc.—Reduces
meeting
directors
Alexander
Resolutions
taxes
and
annual
elected
were
Corp.—Earnings—
profit before
Federal
stock
Capital
Outdoor
GIVING
CAPITALIZATION
NOTE—At
General
meeting:
Quarter End. Feb. 28—
Net
1864.
p.
of
Burr
Ex-Cell-O
163,
date
the
transfer
strike.
final
daily.—V.
notified
2005.
p.
operations were resumed April 2 after settlement of the
Since then, workers were added
daily in preparation
assembly operations which began April 8 and are expanding
132-day
Eversharp, Inc.—Stock Ex-Distribution—
The
Witter & Co..:
487
T
....
650
1,950
975
1.012
1.350
1.350
1.013
1.350
4.050
2.025
Number 4483
163
Volume
THE
COMMERCIAL & FINANCIAL CHRONICLE
2157
income statement for calendar years
1945
goods sold„
of
adm. &c. expenses
gen.,
Sell
1,378,589
1,545,194
$2,226,128
23,601
income
Other
deductions
and surtax
excess profits tax
(neti
Federal
slate
Earnings
$1,718,986
1,365
6,502
203,035
1,290,000
1,309,648
880,117
V.
_
$76,036
$0.63
$0.40
share
common
113,298
Six Months Ended Jan. 31—
Net sales
Loss
after
Federal
79,981
for
fFederal
$518,665
$616,365
$424,349
184,000
184,000
184,000
No.
1,200,828
Cr270,000
—Week End. Apr. 7—
1946
*$455,531
163,
—V.
$42,900
$639,310
$635,371
2006.
p.
27,
1946
sales
Net
$12,478,890
profits after charges and taxes
share on 555,952 shares
Net
*
Provision
for
taxes
amounted
stock
cap.
to
$1.35
$823,142.—V.
162,
HISTORY
in
The
there has been
March
totaling
the
that arrangements have been concluded under
company announces
1,
the
with
held
by
payable
in
$1,650,000
premiums,
during
reduction
a
1946,
next
few
the
interest rates from 3% to 314 %
the
to
Metropolitan
the
event
have
yearjs,
the
in
respect
of
been
notes
Life
of
the
of
Co.,
of
the
163,
and
notes
Earns,
—'V.
after
share
per
163,
all
Mar. 2, '46
taxes,
deprec.,
Mar. 3, '45
James
222,738
on
shs.
$505,842
$3.46
$2.27
outstanding-
2006.
p.
A.
the
1057-8
obtain
and
interest.
Holders
these
of
bonds
1946,
Jan.
all
1,
of
1960,
immediately
may
July
of
the
Y.
L
and
series
bonds
M
made
was
in
V.
163,
2006.
p.
Broad and
Out
all
to
announcement
an
made
April
16
by
E.
Kiernan,
F.
purchased
debentures with
ing
vertible
of
into
such
for
$1
stock
for
At
of
the
of
$1,540,000
converted
face
a
each
of
face
$10
currently
leaving
of
value
par
basis
of
price
con¬
share
one
the
the
common
redemption
common.—V.
162,
capitalization,
consists
of
than
other
shares
84,704
2016.
p.
(&
Sub.)—Earnings—
Oper.
536,600
successive
49,030
50,352
$78,542
The
company, subsidiary of United
nounced that bids will be considered
$2,200,000
new
financing will
principal
The
be
$80,564
SEC
on
Gas
Improvement
of
outstanding
April
11
summarized
first
approved
mortgage
the
5%
an¬
financing
bonds.
proposed
for
1971,
and
proceeds
linking
fund
equivalent to
gross
2)
on
■t
$33,000
of
a
and
apply
will* issue
$100
par
presently
shares
5,000
outstanding
share-for-share basis.
<>
gas
share,
per
which
a
lesser
number
the
The
of
this
4'/a%
be
preferred
offered
of
77c
preferred
however,
to
stock
make
the
stock
are
tendered;
offer
effective
tendered.
are
1
mrectors
°Ur
in
the
quarterly
nnection with
r
on
a
debt
divls,0"dation
corn
event
the
in
of
the
of
dividends
accumulation
shall
and
authorization
parity with it;
Securfcd
affecting the new 4V2% preferred stock
price of $110 peu share; that the holders
the right to elect the majority of the board
have
the
the
of
issuance,
of
excess
have
any
The
company.
equal
arrearages
to
special
voting rights
in
stock ranking prior to
new
subject
certain
a
of
to
certain
amount;
charter
and
also
exceptions,
the
merger
provides
that
of
or
no
be paid on common stock which will reduce the
stock and
surplus below 25% of total capitalization; nor will
acnds be
paid on the common stock at such time as the
aggregate
Mnnl°mmon
stoclc liability and surplus
involuntary liquidation preference.
<iio
7t'>
will
change
^par $100) to
9nnr' ant*
reduce
n
$2,099,272.
ronina
Dec
'
-
capital
-n
.
tized
ts
maiecl
The
with
its
like
the
less
of
value
reduction
in
premiums
on
the
preferred
the
shares
27,622
shares
of
of
said
stated
common
of
the
the
stock
value
stock
from
$2,-
amounting
now
on
the
<"sc°tmfc and expense in the amount of $54,550 and esti»f*lses in connection with the proposed exchange of preferred
$4,850.—V. 163, p. 1566.
$50,000
of
services
1945,
31,
rendered
stores
1946,
per
of
generally.
to
284,413 shs.
note
is
June
on
from
payable
15
per
June
and
annum,
3V2 %
underwriters
borrowed
company
and
15,
in
named
below
cf
share
R.
&
C.
Goodwin
Bradford
S.
A.
29,000
G.
Edwards
W.
the
on
Francis
I.
1,000
Ira
Hirsch
2,500
ing
2,
DuPont
Maxwell,
The
amounted
to
steady
On
Dec.
Jamieson
31,826
Haupt
YEARS
less
returns
etc.
&
reflects
Cost Of
&
the
of
the
on
Gross
current
$5,146,000,
1945
1945
in
seventh
of
the
sales
1945
the
liabilities
of
the manufacture
Jamieson
assets
does
the
of
Cost
was
of
Gross
Fees
from
U.
sales
by
of
Excess
tax
Total
Refund
of
and
allowed, loss
of, net, etc
posed
for
for
claimed
and
Federal
Net
excess
profits
above
is
expenses
items
—V.
163, p.
Earnings
per
common
(1944)
on
440,932 to
tax
455,500
2,460^000
Excess
profits
refunds due
and
demand
$980,608
$948,178
109,188
85,870
$1,089,796
$1,034,049
Accounts
18,707
3,847
^Accrued
126,275
117,500
profits
710,320
612,000
Cr71,032
Cr24,900
75,000
$230,525
$250,602
Serial
pfd.
series
58,316
stock,
A
28,433
62,733
Serial
pfd.
stock,
series
B
flfeposiK in banks...
at
lower of
at
Assets
cost
or
market!
with
U.
contract
*
After
$0.39
$0.35
254,172
$0.26
1943
!!!
252,172.
$0.29
163, p. 652.
Heyden Chemical Corp.—Proposed Split-Up of Com¬
Shares—Also Plans Issue of New Preferred Stock—
Acquires Large Investment in American Potash & Chem-*;
ical Co.—Declares Larger Dividend on Common Stock-^
A
special meeting
to
vote
the
on
of stockholders has been called for May 3, 1946,
financing program which calls for a 2Vi-for-l split-up;
a
common
preferred
stock
stock
of
the
and
$100
authorization
of
and ^refunding
par,
of
200.000
shares
of
4%:
preferred etocx.
In
letter
a
that
the
its
up
Government
U.
S.
Reserve
for
"_!!"_
also
"The
sioned
need
by
the
Accountability
under
that
of
to
to
to
issue
now
the
of
broaden
the
by
corporation
its
prevailing
market
low
should
and
money
split
that
rates
facilities
under
a
of
Potash
the
total
near
have
it
Chemical
Corp.,
con¬
outstanding voting stock
from
the
United
States
Princeton,
been
agreement."
the
&
acquisition
located
which
lease
approval
for
stock
foreign income
N. J., for the
heretofore operated by
'•
stockholders,
the
corporation
an additional series of the new preferred
estimated at from 80,000 to 120,000 shares
stock
Uhid
proceeds to retire the presently outstanding $4,800,000 of 4%
200,000
6,343,992
129,445
5.649.899
108,861
$1,406,070
and
$1,065,356
2,267,870
111,000
1,719,380
75,000
3,800,000
1,000,000
1,181,895
859,952
5,175,948
3.814.900
excess
advance
of
stock
from
contr.
subsidiary
($2.50
U.
S.
(see
(held
!~
Govt!
contra)
200,000
by public).
($100 par)
($100 par)
par)
surplus
surplus
™
2,300
1,102~331
138,364
4,502,535
$15,802,736 $12,620,166
doubtful items of
$64,913 in 1945 and $41,998
of $30,000 at Dec.
31, 1944.
JAfter reserves
$2,704,863 in 1945 and $2,190,393 in 1944.
§After
deducting U. S. Treasury notes, tax
series C (at cost and
accrued
interest) of $727,563 in 1945 and
$1,014,212 in 1944.—V. 163, p. 193.
for
reserve
1944.
in
tAfter
for
reserve
depreciation
of
Honolulu Rapid Transit Co.,
Period End. Dec. 31—
Gross
from
rev.
.Operating
.
transpt.
expenses
Net
revs,
from
pro¬
in ah
use
the
cumula-
Ltd.—Earnings-
1945—Month—1944
$442,581
$523,500
378,629
374,500
Net rev. from
transpt.
Revs., other than trans.
oper..
1945—12 Mos.—1944
$5,780,868
$6,304,253
4,221,120
3,962,377
$63,953
$149,000
9,227
2,291
$1,559,748
43,004
$2,341,876
24,861
$73,179
T-s-ftr*
74,639
$151,291
136,194
$1,602,752
1,415,414
$2,366,736
2,077,439
-cnrr—T-
Net
*$1,460
$15,098
$187,338
$289,298
revenue
*Deficit.
to
states Mr. Armour,
"is occa¬
the corporation of 100,000 shares
American
pencillin,
the
the
items
EARNINGS FOR MONTH OF JANUARY
capital,"
acquisition
stock
of
corporation
Subject
amount
•
of
approximately 18.9% of
and the recent
manufacture
poses
additional
recent
B
order
company,
Government
the
in
advantage
that
and
accrued
cost-plus-fixed-fee
capital.
for
the
class
stituting
of
stock
take
additional
determined
and
contingencies
stockholders, Bernard R. Armour, President, states
have
108,299
cost-
contra)
taxes
Deductions
the
common
should
of
to
directors
916,136
1,205,432
1,471,737
$15,802,736 $12,620,166
payable
new
outstanding
the
741,754
1,665,589
2,358,764
Total
After
$101,324
mon
of
$2,959,802
Total
1944
interest, Federal income taxes, etc.—V,
1944
$4,165,790
397,402
S.
(see
tProperty, plant and equipment
Prepaid expenses and deferred
charges
(Walter E.) Heller & Co. (& Subs.)—Earnings-
Earnings
31
cost
identified
plus-fixed-fee
Paid-in
255,972
DEC.
1945.
tax
tlnvestments in affiliated and
other companies,
Common
257,765
$2.82
outstanding throughout
receivable
Inventories
Earned
outstanding
per shax*e
154,799
351,953
$2.77
refund bonds apd 0 titer
from U. S. Government
75,000
Com. shares
405,035
549,926
tax
42,975
$94,179
$1,397,711
456,778
depreciation of
1945
hand
on
10,049
1945
44,000
432,995
1,751,326
$1,403,342
shares
4,636
$128,236
136,529
36^000
de¬
share
6,544,590
1946
71,699
$4,082,052
319,491
ASSETS—
$21,835,631
$138,529
398,860
179,705
$356,671
Quarters End. Mar. 31—
profit
-
1,412,856
$3,611,493
dis¬
dividends
649,900
-Net
1944
1L388!280
88,194
dividends
'•Based
1728.
ACCOUNT
148,211
assets
and
1944
127,986
in¬
1,315,908
(renegotiation);
tax
for
prov.
6,944,082
dividends.
INCOME
H,563*,632
tax
201,846
Preferred dividends
con¬
the
150,277
profits
$7,535,744
income
be
income
Included
31
income
excess
$7,934,740
tax
will
acquired
$17,155,748 $16,412,629
misc.
capital
contingencies
Federal
value
Preferred
Net
products
expenses
on
23,002
155,900
profits
had
below
$4,653,330
research
$1,185,474
excess
which
288,928
168,162
Provision for contingencies
of
wholly-owned subsidiary.
a
allowances
divs.
12,482,264
(net)
the
income
$7,333,898
surtax
-
The
sheet
Government cost-plus-
purchases,
179,795
and
in
year
sales.
balance
Corporation
contract
on
$1,005,679
profits tax
highest
$3
the Corporation.
The state¬
include the results of any of
Jamieson
LIABILITIES—
Normal
1945,
$4,276 208
S.
7,796,331
income
the
company
The
profit
derived
13,790,221
deductions
31,
penicillin.
sales.
$8,806,647
Total
Jan.
approximately
1945
and
$7,766,578
income
dur¬
on
consecutive
Jamieson
however,
The
15,439,204
Operating profit
stock
Dec.
Corporation's
nature.
Selling, shipping, general and adminis.
2,000
19,816,162
per
not
are
drug and pharmaceutical products
acquired
not,
operations.
2,000
1945
$2.63
the Corporation acquired all the
assets of C. E.
Detroit, Mich., in exchange for the
issuance of
Heyden common stock and the
assumption by the
all
$8,623,303
gen.
at
$17,155,748,
the
volume
CONSOLIDATED BALANCE
SHEET,
sales
of
1945
common
assets
against
as
were
marked
the
increase in
sales, Jess returns
Prov.
21,556,800
rate
and
share, payable
COMPARATIVE STATEMENT OF
CONSOLIDATED
FOR YEARS ENDED DEC.
31
1,000
Wagner
24,062,508
the
1944
of
operations
2,500
Co.._
and
of S.
Karpen & Brothers in American
Plastics Corp
thereby
increasing its ownership of the stock of that
corporation to'approxi¬
mately two-thirds.
American Plastics
Corp. is engaged in the manu¬
facture of plastics,
principally from casein.
Cash
& adm. expenses
Provision for doubtful accounts
Other
net
terest
of
2,500
earn¬
1945
1945,
in
Jamieson
*Accounts
Selling,
at
1943,
paid
through Jamieson Pharmacal
Co.,
During the latter part of 1945, the
6,500
JAN.
were
ducted
Co..
Co..
Federal
Such
for
severally
Co
ENDED
share
for
183,343
Gross profit from
Inc. from lie. depts
fol¬
as
for
of
of
the
Sons.
Marshall
$1,403,342
were
years,
proprietary, clinical and ethical
Provision
$26,332,133 $23,451,038
depts'. sales)
goods sold
part
on
shares.
engaged
a
2,000
&
stock
been
fixed-fee
(excl.
of lie.
sales
the
Co.
(incl.
etc.
in
dividends, the 1945 earnings, per
approximately $2.59, and the 1944
to
of
used
aggregate
&
were
dividend of 25 cents
per
December of 1945.
growth
in
31,
Discounts
Co.
&
1946
depts'. sales)
sales, less returns
1946.-
provision
in
history.
&
4,000
lie.
of
pro¬
President,
stated
1944.
net
shares
Van Alystyne, Noel & Co..
sales,
30.
before
taxes
consolidated
31.
upward
biggest factor
Common
of
3,
Armour,
1945
common
approximately
Corporation's
Preferred
Gross
Federal
per
extra
an
declared
Consolidated
1,500
STATEMENT
the
renegotiation refunds be required for
those
thereof will be charged
against the reserve for
ox
Dec. 31, 1945, amounted to
$111,000.
as
corporation's
2,500
2,500
per
holders
on
any
amounts
was
Inc._
and
for
number of
which
and
1945
1946,
Straus & Blosser
Co.
cents
to
share
Jan.
on
March
on
amount
Should
the net
Smart
INCOME
same
contingencies
2,500
&
for
stock
common
2,500
Cruttenden
40
$4,318,842, compared with $3,582,032 for 1944.
yet completed.
No. of Shs.
Fairman
2,000
Co
earnings
provision
Experimental
Dickson & Co.,
Fred
Inc
&
R.
Renegotiation proceedings for the
15,
unpaid
were
have
an
to
June
the
on
Underwriters—
29,000
2,500
Bond
net
Discounts
No. of Shs.
of
1946,
per
Dec.
1948,
from
annum
The proceeds of the note
outstanding preferred stock.
redeem
fol¬
as
paid Dec. 15, 1945.
Interest
and quarterly thereafter to
annum,
3lAVr
the rate
at
the
$950,000
This
$50,000
by
was
principal amount.
funds
store
Outstanding
the
Co.
1945
per
made
was
President,
earnings available for the
such
third department
a
Jan.
was
15,
3%
of
rate
1955,
Co.
com-
common
shares
in the amount of $197,300, will be credited to
which surplus, together with earned surplus as of
$015,959. will be used to dispose of plant acquisition
and plant adjustments aggregating $1,371,582; unamor-
*v,
nf
0f
at
15,
19,
Manhattan
Sept.
on
rate
W. Clucas & Co
obtain
outstanding
number
stated
than
ys books
acliiKtm
stock
K
together
a
is
after
by establishing
Third Avenue, Bronx
department
installments of
of
cents
preferred
share
ment
of
as
June
the
H. M. Byllesby and Co., Inc
George D. B. Bonbright &
mm°n
rrn.V fHa,rrisburS
the
Underwriters—
E.
purpose.
shall
Company
form
one
in
The charter
provisions
Provide for a
redemption
stock
payable
at
1951,
of
of
UNDERWRITERS—The
exchange
preferred stock
7%
in
had
a new management.
operation of the de¬
the
agreed to purchase in the respective amounts set forth
100,000 shares of common stock:
<3>
such
Bank
is
1948
Common
resale.
Harrisburg will call for
redemption, at $110 per share plus accrued dividends, all unexchanged
aha res
of
the 7 7c
preferred stock outstanding.
Treasury cash and,
J1 necessary, the proceeds of a short-term bank loan will be used
lQr
"U1
note
15,
exchange offer shall become effective
right,
shares
of
will
shares
5,000
minimum of 4,000 shares of the
reserving
replacement fund
which are defined as
revenues,
purchased for
Ave¬
predecessors
500,000 shs.
installment
to June
and
gross
of
cost
maintenance
a
adjusted
less
Harrisburg
Harrisburg
'•
of
157c
sales
'cumulative)
its
first
15,
Other
thereof, together with treasury cash, to the redemption
01
its
$2,200,000 outstanding 5% first mortgage bonds due May 1,
t970.
The indenture
securing the bonds will provide for an annual
<
in
$5)
semi-annual
1951,
the
follows:
as
City.
customer
found
1,
per share on
the same number of shares
outstanding at the end of 1944.
If effect
is given to the issue of
31,826 shares of common stock on Dec.
31. 1945,
then
after provision for
etc.,
has
Co.,
11»
-being
York
its
"Hearn"
name
established
the
dividend
a
for
Corporation
Total
Harrisburg will issue and sell at public sale, under competitive
bidding, $2,200,000 first mortgage bonds, due May 1,
'or
the
Gross
April 23 for its proposed offering
first mortgage bonds, due 1971.
Proceeds from the
applied to the redemption on June 1, 1946, of a like
amount
company,
the
The
balance
Harrisburg Gas Co.—Invites Bids for Bonds—
of
and
NOTE—On
from
June
553,597
2642.
p.
Fifth
Conn.
to- those
(par
PROMISSORY
$130,915
income
162,
and
$1,000,000
stock
14,333
$127,572
deductions
Nete
-V.
$684,512
taxes
earnings
Interest
$670,180
$664,172
ancl
exps.
Net
New
con¬
1944.
Alter provision for
preferred dividends, the 1945
earnings were equal to $2.77 per share on the
440,9321/* shares out¬
standing throughout 1945,. and this
compares with $2.82
Cohu & Torrey
1944
$652,952
11,220
income
were
after
Courts & Co.
1945
Operating revenues
Non-operating income
74
Streets, Newark, N. J.
sold
similar
Buckley Brothers
12 Months Ended Dec. 31—
Total
Cedar
are
$1,000,000
J.
Hamilton Gas Corp.
are
surrendered
of
above
are
ings
incorporated
was
Authorized
outstand¬
busi¬
which
conducting two
City, and one in
York
Inc.
discontinued
1937,
there
debentures.
present time, the company's sole
debentures now called for
redemption,
$1
presently
debentures
market
considerably
the
the
debentures,
Debentures
the
on
amount
quoted
is
these
$693,500.
stock
common
conversion
on
of
$846,500,
amount
value
The
receivable
price
issue
or
par
conversion.
stock
of
original
an
been
of
was
department stores under
company
Stamford,
merchandise
with other
of
New
Son,
using the
in
years
time
lows:
on
President.
has
in
&
CAPITALIZATION—Capitalization
20
has called for redemption, on June 30, 1946, at par
outstanding registered capital 5% income debentures,
company
interest,
two
Company
that
Street
Hearn
C\, and in September,
June
The
store
14th
on
A.
business
100
over
Common
Griess-Pfleger Tanning Co.—Calls Debentures—
according
one
at
and
regular quarterly dividends of
$2.50 par shares, and in addition
the
011
25
Armour,
693,000 at Dec.
Promissory note
series
stores,
New Jersey.
which
paid
of
Dividends totaling $1
department
Principal executive offices,
Inc.
terms
Previously
Report—Bernard
R.
$1,397,711
York.
&
N.
the
Commercial
company in March, 1937, expanded its business
additional department store at 149th Street
15.
and
Son,
1932, the
full
1,
of
for
1946
the
redemption price thereof including accrued interest
by surrendering such bonds to The First National
City of New York, 2 Wall Street, New York, N. Y.
Announcement regarding the call for
redemption on the same date
to
Bank
Registrar,
The
an
company
Bonds—
for
redemption on July 1,
general mortgage 3 Va % gold bonds, due
outstanding
at
Ry.—Calls Series K3V8%
has -called
company
in
November,
partment
Co.
Y.
James
The
The
&
stores,
engaged
another
in
one
1932.
N.
retail
at
Great Northern
26,
11,
Hearn
department
New
stock.
payment
declared
payable June
equivalent to 16 cents
is
were
Consolidated
July 28, 1932, acquired substantially all of the assets of
on
Stamford, Conn.
(53 Wks.)
$711,412
etc
a
Manhattan
retail
acquisition conducted the
(52 Wks.)
profit
the
of
three
July
York
Company
or
Net
York,
New
nue,
In
Fiscal Year Ended—
of
BUSINESS—Company is engaged primarily in the
been
903.
p.
Union Co.—Earnings—
Grand
&
conducting
New
.
company
Insurance
pre-payment
increased.—V.
of
located in New York and
Gotham Hosiery Co., Inc.—Interest Reduced—
effective
Bank
National Bank & Trust Co.
ness
which
agent,
15
stock
March 30, stated in part as follows:
years
Transfer
2642,
p.
the account
subscribed.
*752,844
Earned per
31,
major stockholder
who is retaining 36,879 shares of
the 284,413 outstand¬
ing. The stock, offered at $20 per share, has been over¬
Goodall-Sanford, Inc.—EarningsEarnings for Six Months Ended Jan.
Jan.
Hearn Department
Stores, Inc.—Stock Offered—E. W.
Clucas & Co. and H. M.
Byllesby & Co., Inc., and asso¬
ciates on April 15 offered
100,000 shares of common
for
common
other
par.
April
common
This
each
Annual
taxes
carry-back and
ending
1028.
(par $5)
new
cents
year-end
333,000
months
stock
1.
and
*$515,630
333,000
*Profit. tRefund of Federal taxes
resulting from loss
profits credit carry-back for the six
—Jan. 1 to April 7—
1946
1945
1945
$44,470
May
2'/a
on
old
lows:
$3,268
163, p.
the
rate
be
determined
later.
The
pro¬
would
involve
changing each present
shares of new common of $1
split-up
into
directors
on
Bernard
333,000
shares
Georgia & Florida RR.—Operating Revenues—
revenues
1,679,985
a
share
par
The
1,508,575
1,119,847
refund
loss
cap
1944
stock
common
$2.50
25
$3,111,614 $19,749,858 $18,382,538
273,268
*2,776,206
*3,704,190
taxes
renegotiation
tax
1946—V.
Period—
posed
posed
1945
excess
Operating
1943
record
1946
charges
income
Provision
Net
profit
paid on common stock
163, p. 1865,
$106,678
161, p. 2660.
125,000
Net
Ijjvs.
taxes.
1944
$95,337
$0.41
&
Hayes Industries, Inc.—Earnings—
51,631
$2,237,589
76,000
per
preferred stock.
The dividend
ditions
of
the
new
preferred will
1945
charges
$1,667,355
196,911
taxes
post-war adjustments
after
tive
share
24,607
income
for
Prov.
income
—V.
197,000
normal
vpfleial
Co.—Earnings—
Quarter Ended Dec. 31—
Net
1,318,352
11.460
$2,106,272
profit
r mss
income
1943
$2,082,671
operations
from
Profit
1944
&c.)___ $18,598,567 $20,130,860 $17,324,590
15,137,306
16,359,537
14,338,881
(less discounts,
ciles
c
S
Harshaw Chemical
1946
1945
1944
transportation
$399,744
343,643
$519,262
352,073
$511,320
310,610
transportation
$56,101
Revenues, other than transportation
$167,189
2,772
$200,710
3,317
$202,574
77,340
$169,461
150,137
*$17,922
$19,324
$26,759
Gross
revenues
from
Operating expenses
Net
revenues
from
Net revenues from
operations
Deductions
Net revenue
^Deficit.—V." 163, p. 1028.
$59,418
1,864
175,815
Expands—
all parts of the Metropolitan
Guaranty Co.—Business
Home Title
real estate activities in
unusual gains registered
Expanding
Wuh
di'S.r.a
Westchester
Queens and
in
reflected in reports of this company dealing with its
b i
t s
during the first quarter of this year, as compared with the
lrtatver of 1945, it is announced by Henry J. Davenport, Pres¬
ident. There was an increase of 138'/ in theiiumberoftnieexam-u.ui
are
ie-f
responding
cm
Jan. 1, 1~<46, ovei the
perior last \ear; the amount 01 insurance ^effected
and the amount of title lees increased 132 <■ .
V. 163,
i48%
auV-.iivLj
the
by
completed
j,liuuns
since
company
odoll.
the
last
Net
imeth
i
n
-n
*
i..
directly
-red
the company, announced April 12
that the iota! suoscriptions received for
stock exceeded the 205,000 shares which
the pnbnc.
Tne stocit was oifered at So
to
*
the corporation intended to accept all subto
the closing date,
noon, Apiil
11, to
*
^'
amounts not in excess of 5,000 shares and that subscripud' s i-r larger amounts would, to the extent possible, be accepted in
udi'i. Tne transfer agents will commence issuing the stock cer.nicates
Lb ..on as possible and not later than next Monday.
j," Hood's new household cieaner, now being sold in western
uietrich said that
received
prior
Bur.
i
R.
and
tor
Mr.
member
a
Other
Institute
executive
cornr
receivable
of
In¬
M.sccl aneous
2,331 587
receivab.e
tax
7,939
current
100.210
479 991
post-war credit
845.837
551,419
1.122,791
91 226
asseus
assets
Unadjusted
2.818.177
1.030.788
2.843,665
3.163.945
407,626
1.267,461
receivable
profits
excess
Deferred
.
conds.__
supplies
accounts
Federal
and
agts.
receivable
dividends
and
Accrued
21,314,732
2,716,989
from
accounts
and
Interest
i't-c.
5,775.193
7.104,000
250,000
_
deposits
al
spec
balance
Mater.al
been a diiector anu T e»su er ol Dunwoedy
Minneapolis since i:; 8.— /.
>2, p. 2644.
ha-,
Kingman
dustrial
the
of
securit.es)
securities
of
retirement
For
Minn., has been elected a direc¬
of Minneapolis,
Jr.,
(U. S.
investments
cash
deposits:
Special
Net
17,777.329
1.703,059
257,156
5,260.344
Temporary
during
Director—
Selective Fund, Inc.—New
11,366,508
Cash
value
Kingman,
1,218,450
investments
Other
3,570.422
1.000,000
1.272.851
.200,000
physical
property
in affiliated companies
Investments
to $14.30 a
Investors
J.
March 28.
on
i.^re
.
common
364,792
securities)
Miscellaneous
his report showed.
per
share increased from $1".57 a share on Dec.
share as of March 31, 1346.—V. 163, p. 1567.
quarter,
asr?i
1945,
115.790.876
funds
Capital and other reserve
funds (U. S.
Miscellaneous
Pittsburgh
at
Duration's
wei/m
31,
outstanding as of that dale."
increased approximately 6'/
shares
outstanding
shares
of
property
transportat;on
in
"Investment
Maintenance
Dietrich, President of
P
uaice
m
o
Oversold—
Co., Inc.—Stock
Hood Chemical
$
of the portfolio of the company,
6,073,577
the
on
31
1945
'
ASSETS—
open-end investment
fund, increased approximately 12'/ during the quarter en-isd March 31,
19.46, according to Earl E; Crabb, Chairman of The ba.-rd and Pres¬
ident of the fund.
Net assets grew from $77,748,453 on Dec. 31, 1945,
to $86,850,503 as of March 31, 1946, he said.
Company is now fourth
largest among all American open-end investment funds.
"As of. March 31,. the excess of market value of the portfolio over
cost Was
$18,938,573," continued Mr. C'rafcb, "being equal to $3.11 a
Number
DECEMBER
GENERAL BALANCE SHEET,
-Inc.—Assets-Up 12% in Quarter—
Investors Mutual,
Net asset value
share
Monday, April 22, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
2158
197.014
498,742
..
debits
144.512
l,054,ho2
165.515
165,480,720
169.112.7 94
_"
.
Peu..j/ivania,
\
..da,
n
eastern
Ohio and
the northern portion oi
being received enthusiastically, Mr. Dietrich stated,
was
suiucient
that the production facilities wuald be
demands for "Sing," which is oniy
introduced.—V. 153, p. 1729.
he
one oi
....xeasing
Luc
L..e
oe
vo
wtti
and
to meet
complete
u
1946—Month—1945
1946—12 Mos.—1945
$1,585,496
$1,668,481 $20,646,543 $20,3i0,3u6
573.912
534,808
7,117,3b3
7,io4,190
144,405
.
122,727
1,394, <2/
l,b75,u2J
Period Ended Feb. 28—
i.venues—electric
O^r
ration
o
•J
uenance
Depreciation
investments
ei^ctiic
Fu..
l.JOO.OuO
1,833,DO
108,334
149,121
of limited term
A.n.iii/.
«fo
main
ior
L.
deferred
pairs
accel.
of
r.sait
a
use
250,000
properties
in
Pij\.
207,467
taxes--
Ah tuber taxes
414,399
4,623,195
by
$26,894,125
"Fund"
of
in
Mutual,
111.826
1,441,186
"Fund"
mentioned
1,329,603
$376,387
3,841
$4,034,161
58,219
$5,468,758
27,046
$398,805
$380,228
$4,092,380
Jack
71,875
862,500
942,834
mtge. bonds
oil
disc. &
debt
Amcrtiz. of
4,441
53,332
96,281
$290,869
$3,080,267
389,588
399,566
companies.—V.
applicable
163,
120,819
2007.
p.
will
An
office
iLket
headed
was
Besides
company's
the
of
by
director of
and a
the
Carleton,
Mr.
Third Avenue Transit Corp.
John
comprises
board
new
Kroese.
F.
Electrical Supply Co.; Henry E. Peelle,
President of Peelle Co. and Vice-rresident and trustee of Prudential
Savings Bank of New York; William J. McEnery, financial consultant;
Davis S. Fisehman,
New York City realtor; Ferdinand J. Sieghardt.
thilrtee of New York, Ontario & Western Ry.; William J. Casey, Chair¬
man,
Editors of Research Institute of America; Benjamin H. Roth,
lJ. H. Roth & Co., members of the New York Stock Exchange; John;
Lead, Secretary of Bergen Trust Co., Jersey City, and Asa W. Jen1.uigs, partner in the law firm of Jennings & Kenney.
Trie insurgents
contended that the company had sustained losses
every year since 1932 despite increases in traffic and that the manigement had failed to obtain increased revenues.
They presented a
program of their "own
for higher revenues, realigned management
iAOi a full-scale survey of company policies.
The stockholders cast 222,532 votes in favor of the new board While
135,889 were cast for re-election of the management slate.
Mr.
Carleton
was
also appointed
President, succeeding Walter F.
EroWh, "and MessrS.
Peelle and Doran as Vice-presidents.—v. 163,
If. 2007.
Illinois Bell Telephone Co;—Earnings1946—Month—1945
Period End; Feb. 28-=—
1946—2 Mos.—1945
$12,158,117 $10,633,210 $25,023,761 $22,165,028
15,632
15,888
31,709
36,408
Operating revenues
Uncollectible ©per. rev.___
Operating
$12,142,485 $10,617,322
revenues.
20,185,891
expenses
9,806,026
Operating
taxes
1,572,098
2,138,477
3,207,276
4,778,038
$764,361
Si.060,974
$1,598,885
$2,210,137
586,868
874,527
1,241,940
1,829,518
Net
operating
income
income
—V. 163, p.
7,417,871
$24,992,052 $22,128,620
Operating
Net
15,140,445
1567.
Debentures
—
announce the sale in the Canadian market of
$15,000,000 2%% and 2%% debentures. Price: 2%%
debentures, 100 and accrued interest. 2%% debentures,
Corp., Ltd.
99.62 and accrued interest.
The issue consists of
each
15
27/a%
debentures,
in
Co., Montreal.
in
ments
also
of
(Dominion)
their
inclusive, and $6,600,000'
Trustee: The Royal Trust
these debentures are invest¬
1954-1965
years
April
1936.
15,
and
Canadian
maturing $700,000
debentures,
2%'"r
$8,400,000
the
maturing
The
1932
British
Insurance
Companies
Act,
funds.
These
states
are
hypothec,
by
registered
companies
it
under
invest
may
direct
obligations
of
the
but
company
mortgage or other charge.—V.
159,
are
Period End. Feb. 28—
revenues
Uncollectible
Operating
oper.
.
$206,277
$445,196
for
lease
of
Operating
Net
Net
_
184
445
$223,973
$206,093
$444,751
$41.7.415
117.427
291,098
236,298
50
50
100
100
oper.
_
_
36,923
51,167
75,190
105,382
$41,586
$37,449
$78,363
163,
p.
2:5;450
52,816
47,172
_
1567.
Indianapolis Fower & Light Co.—Stock to Be Sold
to
The
Indiana
ers
Public
competitive
of
of
the
headed
the
Service
bidding
company,
Commission
120,000
on
originally
company's shares,
by Lehman
with
Brothers,
has
issued
preferred
and
a
formal
143,000
order
common
scheduled for prior offering to hold¬
underwriting to be done by
First
Boston
Corp.
and
a
understood
issues.—V.
19,494 500
1.545,236
64.936
38.331
2,819 156
2.909.131
348
surplus
348
201,336
201.336
24.012.298
20.053.310
;
......
that
163,
p.
Ot's
1729.
&
Co.
has
formed
an
Sachs
account
to
bid
totals
165.480,720
depreciation- and
to
amount
tribution
SEC
The
refinancing program with the SEC
a
banks
from
is
Utilities
NJ
will
apply
$1,104,307.—V.
will
The
down
and
the
PA
NJ,
with
all
its
presently
stock.
into
down
$23 851,097
The
such
hold
Service
maturities
169.112.704
prior
to
Dec
31
1866.
p.
Co.—Hearing May 1—
hearing
a
unsecured
its
on
from
$2,120,765
retirements
(b)
and
the
latter
May
011
The
1
charter
of
treasury
funds
as
be
bonds,
stock.-—V.
$1,597,288
163,
promissory
be
of
reduced
fOuowing
tne
on
shares
public
profon-ed
■
in
Co.
equity
between
shares
ol
io
to
nec¬
notes
such
such
&
Power
is
proposed,
the
proceeds
than
te'rms
of
and
the
the
to
proposed
not
the
in
the
present indenture.—V.
163,
the
and
a
to
&'
Light
available
exact
number
and
application.
transactions,
of
amount
the
lor
divided
issued
stockholders
to
principal
of
be
the
the
above
$650,000
possession
provide
to
American
principal
in
than
more
and
the
written
$350,000.
preferred
of
be
depreciation
fair.y
that
amendment
bonds
to
of
"North
public
for
stock
distribute
by
bontis^ in
new
value
proposed
to
$345,453.
to
amended
to'
to
is
supplied
6',
Kewanee
to
and
as
II.
is
reserve
common
consummation
the
of
$600,000
belonging
be
on
outstanding
the
less
will
be
stated
new
stockholders
the
$635,930
to
a
the
parties.
It
with
with
par),
distributed
be
to
(no
Light
retire
•
i;
proportion
stock
common
Kewanee
01
and
trefm
Kewanee
issue
(c)
may
$1501,812,
to
to
account
the
notes.
proposes
is
p'ant
50.000
Central.
Jersey
to
and
property
into
outstanding bonds, serial notes
redemption price of $65,158,385
aggregate
$39,710,000 of
preferred
of
163.
new
proceeds from the sale of the new
bank notes and the $5,000,000 con*
the
stock,
Co.
$5,000,000
of
NY
preferred
broken
and
PA
redeem
from
to
essary,
and
system,
preferred
amortizat'on.
1730.
General Public
Utilities Corp.,
top
proposes
to donate $4,200,000 as a capital
contribution
Central
amount
the
to
$729,800
of
of
use
not
ca.-h
the
under
trustee
905.
p.
•
1029.
p.
King-Seeley Corp.—Earnings—
Kansas City
Southern Ry.
Annual Report—W.
—
Six Months Ended Jan. 31—
N.
Net
Deramus, President, on April 1 said in part:
The
high-light
War II.
As
traffic.
order
of
the
the
of
the
was
year
there
recu't
a
was
Readjustments from
sudden
termination
almost immediate
an
wartime basis of
a
of
decline
operation
in
World:
freight,
became
during M&rch
and Aprl
brought about
250 023
246.968,
shares"
cotttrmm
per
June
1.
share
common
months
x
s
$0.05
rales
est mated'
Central
of
f Ai'cfer charges
1945.
$691-620
pi* or
washouts
252,022
and
relundrbie
Specialty
$1.02
Federal
)orLon
£ Includes
taxes.
Federal
of
acquired
Division,
taxes
on
credit
of
income
of
,
31 r/r.
and
Number of
Earnings
1945
$6,4o0,380
|E2 267
^Includes
importance was the consummation of the refunding pro¬
whereby the company's Lability for mortgage debt was reduced
Floods
1946
*$5,7C0 991
-
profit
the
Of utmost
gram,.
sales
iN'et
day.
approximately
credit
serious
difficulties, and over a period of several weeks, extending
into June,
through passenger and freight train service Was more or
less d:srupted.
The company had previously reacquired by purchase approximately a
$12,000 000 of its crwir and-subsidiary corporations' outstanding mort¬
gage bonds at cost of substant'ailv less than face v.a-ue,
With com-:
pany funds,
augmented by a temporary bank loan of $7,700,000 at
2 Vi %,
the $21,000,000 issue of its. refunding and improvement 5%
bonds, due April 1; 1950, less $7,122,000 of such bonds owned by the"
comoany. was called, at 105 as. of .the interest date, July 1, 1945.
As
of
Oct.
11, 1945,
the $3,000,000 isrne of Kansas City .& Grandview
Ry. Co. first mortgage 4Va%
bonds, clue Dec.
1.
1950, which were"
not callable, < were purchastd from
the owner.
On
Nov.. 28,
1945 the company sold its new first mortgage 4T
bonds, dated-Oct. 1, 1945 and due Qct. 1. 1975. .at 98V4 with accrued
interest, and negotiated $6,000,000 of new 2\',
bank notes, dated:
Oct. 1, 1S45 due ser ally to Oct. 1, 1955, at par with accrued interest.
On
the
same
day, the company maid off the previous bank loan of
$7,700,000 and, by agreement w'th the mortgage trustees, deposited
a'r sing from carryback
yeSrs
for
the
per.od.—V.
162,
of
unused
losscb of
profits
excess
3193.
p.
operating"
Riilgrfc County Lighting? Co.—Plan Submitted to SEC-
...
face
bonds,
of
amount
due
April
1,-
the
issue
$30,000,000
less $3,623,000
1950,
of
of
first
its
such
bonds
mortgage
the
turity.
dered
31,
but
on
is
before
At
1945.
It.
rubl'c: offering
a
or
expected
by
that
the
at
the
107,
offer,
large proportion
a
eventually
the
redeem
to
with
all
$12,838,000
of
greater
bonds
which
part
of
are
of
the
to
by
bonds
Co.
of
first
such;
at
the
$10,000 000
mortgage
bonds
IO7V2,
5V2 r/r
owned
with
prepaid
issue
of
bonds,
Texarkana" and
due
Aug.
the/company,
by
interest
to
Feb.
1,
were
1.
vbting" power
7*7
Series
l-°48.
and
1,129
B,
commission,
ihe
o "
preferred snares wbuld
The- number
of
The latter class
the com¬
consists
$8.50
17,871 shares
of
$9, $5 and $1
receive-
with
Series C and 25,000 shares of 5'/
securities, holders of the outstanding
new
outstanding
44.000,
to
the
of
share
a
share,
a
shares
common
88/100
of
wbuld
ne\v
changed" for each share outstanding.—V. 163, p.
and
fair distribution of
a
stocks-.
common-
utnorizeu
is
into
requirements
dividend-
and effecting
and
shares of 6'7
additioh- to
In
respectively.
reduced from
be
common
being
ex¬
1029.
Offered—Public of¬
17 by Alison & Co., Detroit, of
common stock of the corporation
share.
per
corporation
tomobile.
parts',
miscellaneous
and Tiptonelectrical au¬
roller skate-
subsidiaries with plants at Kokomo
and
Mich.,
radio
manufacture
receiving
other
sets,
and
mechanical
sweepers,
vacuum
products
proceeds frcm the stock sale will go to nine selling sharehold¬
including J. Paul Johnson, President and director, and Karl F
Jbhnson, Executive Vice-President and director.
Subsequent rt the
Net
ers,
Fort
1950,
program
"preferred share.
Series
D.
50,COO
bringing
power
preferred
new
outstanding
The
be
les§>
called
$2,000,0o0,
subsidiary of Long Island Lighting Co.) will exchange one
4 V preferred sto- K and 9 shares of new'common for each
of
of
by
between
amended
<a
share
,
Ihd.,' and Bronson.
re¬
11
the
If
pany
at
aliens.
w
capf.ai
relat-ien with earning
proper
Dec
bonds
owned
these
ltduciilg
surren¬
accrued interest
an
Kingston Products Corp.—Stock
premium -to be. determined upon and-that only., a
of them will be held to draw full interest to maturity
time,
same
Ry.
$3.062C00
of
made
was
1945
ailed, April 17, with the Securities and Exchange Comaflifehcrea* recapitalization • plan -for the-threefold purpose of
company
fering was made April
148,448 shares ($1 par)
at. a
small proportion
Smith
31,
expiration
outstanding,
surrendered
At
Dec.
-The
missidh
3'7
owned
comoanyi! with interest to the maturity date of the bonds, obtaining
release of the lien of the mortgage.
The old first mortgage conta ned no provis'ons for call before ma¬
ofiering, the selling stockholders still will own a total 217,656 zha//
the 1,091,635 outstanding common shares, with the retained hold¬
ings of the two officers amounting to
100,000 shares.—V. 163. P
of
for
$1,-
114,000
of secured 3('r- notes, due ser'a'ly to Qct. 1.
1949. were called
redemption at par With' prepaid interest to Dec. 31, 1945.
By these
arrangements and the application of securities previously reacnuired
the company's mortgage debt of
$66,843,000? as of Dec. 31." 1939. was
a
difference of $20,558,000.
COMPARATIVE INCOME ACCOUNT, YEARS ENDED "DEC. 31'
1945
oper.
revenues
Railway
oper.
expenses
Net
Fed.
from
rev.
taxes
Federal
Other
ry.
op.
income__
on
Other
taxes
Ra'lway
Total
taxes
1944
1943
1730.
$12,833,960" $17 986.764
810 1^6
$l7.1«4.r63
$13 024.995
6,990,000
4,153,000
l.n«:494
1,193.9,5
844 600
907.540
-
Net
income
income
rents
payable
optr.
income
829,805
887 567
$9,700,728
$8,151,193
$7,139,828
CV249 rag
40^
fr9S4 peg
<0214.646
2,313,607
3,501,117
3,416,735
2,624,664
Total income
fixed
deducts..!
charges
$7,421,883
$6,450.047.
Net
income
$4,999,139
appropriation.
p.
month
of
had 702 stores
corresponding 111011
1946,
March
stores
710
the
in
2008.
of
per
the
827,542
771,303
$7,277,589
$5,760,446
$5,448,194
99,703
39,843
43,618
27,676
2;251,874
2.819,584
2,868,296
2,878,733
$5,616 864
$4,418,162
$2,848,533
$2,541,785
525.000
420.000
420.000
420,000
$5,091,864
$3,998,162
have
and
been
accrued
Payment will be made
Holders
dividends
Stockholders
the
at,
ferred
may
to
and
6,
May
on
amounting
to
81
convertible or°'
6, 1946. at s
cents per sna _•
_
receive
tn
the
San
redemption
full
t:
price. P
1946.
to convert
2l>
up
National
redempt'on
the American Trust Co..
May
of
so
cumulative
$4.50
Francisco.
their certificates of preferred stock at anv
desiring
rate
do
of
for
dividends
at
may present
date of redemnt'on
before
stock
shares
called
shares
and
shares
their preferred
of
for
eoibmon
including
Bank, transfer agent,
into
coirim
each
share
of P
redemDtion
the
Peoria, 111.—V.
at
date
163. P
-u
718,384
$7,968,441
outstanding
stock
share
Stock
LeTouriieau,! Inc.—Calls $4.50 Preferred
(R. G.)
All
Libbfey-Oweris-Ford Glass Co.—Earnings—
•
Quarter End. Man 31—
Net
Earned
$2,428,533
$2,121,785
per
cap.
194S
1944
1945
*$450,445
$1,903,404
$2,412,471
Nil
prof, after all chgs.
$0.75
$0.95
sh
r43
$357,347
'
SO-14
°LoSS.
With
prices,
balance
163,
V.
$4,729,810
546,558
for
Income
the
with
compared
See also
year.
accrued
$9.485,8^5
during,
company
operation,
last
Commercial
rv.
Total miscell.
Total
in
ferred
6,230,000'
1,615,000
(S. S.) Kresge Co;—Number of Stores—
.The
-
1942
$35,872,420 $44.-373,030 $43,219,033 $34 316 348
23,033.460
26,416,265
26,054,070
21,291,'353
922,938
oper.
rent,
Dividend
is
1.7 filed
group
Goldman,
Co.
It
these
163, p.
program,
Total other income
Bidders—
shares
securities.,
01
firms.
t vo
division of Jack & Heintz.—V.
a
$5,500,000
NY
to
and
Total
for
the
$75,635
28,915
taxes
operating income
of
mercer
1946
to sell at competitive bidding $34,000,000 new
and
145,000 shares of
new
preferred stock.
Railway
__
proposed
April 17
on
ia)
396
income
—V.
8.833.083
transactions:
the
the
in
Jersey
bonds
$417,811
224
145,414
revenues
property
304.034
4,095,857
es
surplus
Grand
Inc.—Merger
of Eisemann Corp.
reduced to $46,285,000, including bank
notes,
$224,197
__
rev.
Industries,
Power & Light Co.- -Files Refinancing
bonds
of
capital
a
1946—2 Mos.—1945
1946—Month—1945
Operating expenses
Rent
detennin.i
for
550.
p.
Indiana Associated Telephone Corp;—Earnings—
Operating
512 351
final
surplus
Appropr ated
Earned
473.690
210,000
payable
to
156,540
539,049
.
declared.,
cred.ts
Power
redemption
debentures
not secured
2.248.919
116 960
468 056
liab.lit
Unearned
lower cost and effect an accounting reorganization.'
a
borrow
part
a
mained
In the opinion of counsel
Which
558.662
2,141.509
accrued
isub.i.
3.747.582
2.338,698
371,097
liabilities:
retirement
Unadjusted
proposes
mortgage
will
the
Imperial Tobacco Co. of Canada, Ltd.
Sold-—A. E. Ames & Co., Ltd, and Dominion Securities
April
For
431,462
2,203.554
_
M scellaaeous
1286.
p.
current
Deferred
for
permit refunding senior securities with a redemption value
company
As
April 11
stockholders on
the Gaffney-Kroese
partner in
accounts
acuaea
(Cr. 1
payable
unpaid
interest
Investors
and
Inc.,
high
35.959,900
68,743.992
payable
wages
dividends
Taxes
21.009.000
35,959 900
sus.i
unpaid
matured
Unmatured
SEC—
$55,158,385 at
The
first
make
President and new board of 10 directors.
The
Robert W. Carleton, President of the Carleton.
York,
oi New
Inc.,
C.\,
group,
new
a
as
The company on April
which would
company
independent
the
ior
operate
With
contribution
Directorate, etc.—
Hudson & Manhattan RR.—New
placed in
163,
Precision
overwhelmingly
Plan
It
v.
Fund,
new
and
Unmatured
Accrued
21,000 000
i510,000
balances
service
accounts
Kewanee Public
$2,645,550
for
s'ks.
pfd.
to
Balance
—
dends
v
stock
capital
shares of
of
sale;
Stock
a.
this company and
Jersey Centra!
of
$316,170
income
Net
Dividends
reached
also
Heintz
&
Eisemann
$3,045,116
period
deducs
&
voted
1,387,015
13,054
$2,690,679"
int.
4,430
6,319
expense
Ocner
B
After
$5,495,804
71,875
income
Gross
Int.
$393,320
5,485
revenue
income—net
0.1.er
of
Investors
Inc.,
Inc.,
Fund,
cat
matured
Interest
$190. par__
value
par
150.883,320
accounts
Miscellaneous
Other
consisting
business,
new
Investors
without
ocb.
and
Atidited
business.
new
The stockholders of
Net opreating
Traxfic
non-cumul i
(4>
stock
Lo.ig-tcrm
than
more
s.ock
Common
fhe-"-best previous quarter in the hLtory of
$4,000,000 (face amount).
During
the first quarter of
1346 the company reported sa'es of
$31,281,524 (face amount), compared with $15,461,000 (face amount)
during January,
February and March of 1945.
Tie b" 1 previous
quarter was at the end of 1942 at which time representatives wrote
3,132,135
117,071
profits
Pfd.
12
surpassed
and
year
company
-
&
inc.
Fed.
ior
exce.s
April
on
to'a'.s
LIABILITIES
Vice-President
Jr.,
Syndicate,
the first three
months of this year with sales of $9,696,837, compared with $6,387,800
for
the same period last year.
Investors Syndicate is the principal
underwriter for Investors Syndicate of America,
Inc., and the above-
re¬
as
Smith,
Selective
2,800
200
_
Grand
and General Sales Manager of
announced that the fir t quarter of
1946
was
the
best
new
business
in
the history of
the Investors
Syndicate of America, Inc., and the affiliated "Fund" companies.Sales of certificates of this corporation in the United States more
than doubled the first three months this year over the seme period
•R.
the
Co.—Earnings—
Has Record
—
»
Investors
last
Houston Lighting & Power
America, Inc.
or
Syndicate
Investors
Sales—
flat
the
increases,
glass
products
increased
have
costs
reduced
selling
of
profit
generally
operation,
margins
so
at
including
far
prewar
substantial wag
normal m
below
e-
Number 4483
Volume 163
industry, that immediate price relief from OPA is called for,
Biggers, President of the company, told shareholders at their
glass
t
fi
THE COMMERCIAL &
FINANCIAL CHRONICLE
V^'hr
D
have
year
used
The
Operating losses are principally due to
inability to
materials largely because of
labor
difficulties in the
,
suppliers,
Mr.
to
the
reach
•
goods
cream
said the Government has net listed glass as one of the
critically short building materials, "evidently relying upon the great
productive capacity of the flat glass industry, much of which is
normally carried as a reserve to meet these periods of peak demand.
Nevertheless, though there is no Government priority on glass, com¬
pany
is doing everything practicable to facilitate the flow of
its
products into those channels supplying glass to homes for veterans."
Libbey-Owens-Ford
plants
in
now
operation,
of
be
canhot
realized
adequate
said.—V. 163, p.
"Mr. Biggers
OPA,"
until
price
relief
is
but
La.,
ated
mileage
line
to
from
derived"
.result
a
as
ceding
-031
its
of
compared
.stocks,
of
1945,
757.14
and
from
main
branch.
operating
income,
before
as
—V.
163,
for
soon
aggregating $300,000, were
as in previous'years.
paid
due
of
6%
Kansas
to
to
its
the
upon
consumable
last
and
Gas
&
April
to
_the
.
plan
as
an
the,
last
make
year,
par
of
with
line
material
released
so
the
in
the
value
effective,
the
right
each
or
for
on
announced
after
by
week
with
that
ended
ACCOUNT
FOR
replacement
CALENDAR
of
of
1945
Ry.
oper.
Ry.
Federal
taxes
inc
on
preferred
29.36
bills
to
the
subscribe
Cost
and
Net'rents
for
the
develop,
and
and
a
New
stock
that
until
For
504,066
510,904
377,065
Otner
$3,457,957
$3,066,785
not
814,538
.
163,
Total
929,705
924,490
836,568
$2,533,467
$2,230,217
94,717
98,032
102,081
Income
$2,713,514
avail,
for
$2,332,298
19,818
share
of
Net
$2,612,054
$2,312,480
1,015,991
1,030,531
$1,596,062
$1,281,949
300,000
(6%
$3
Dec.
162,
in
$3
Miscellaneous
Investments
300,000
share
per
common
SHEET,
DEC.
shares
call
(U.
S.
Govt,
affiliated
321,223
1,955,009
Govt,
accounts
Federal
excess
:
13,722
tax
current
postwar
34,794
$50
cum.,
par)
Preferred stock (6% series, $50
par)
Common stock (without
par value, 160,000 shs. >
in
the
for
Audited
car
service
accounts
and
balances—Cr
accrued
(subject
Other
current
Net
Preferred
for
at
redemption
carry
of
trade
702,248
by
8,674,395
$45,867,273
Interstate
promissory
rate
Plans are
eventually to refund
issue.—V. 163, p. 1730.
of
prior
to
the
the
Dec.
Commis¬
proceeds
A
and
callable
loan
new
Commerce
notes,
series.
5%
are
with
a
first
to
mortgage
at
long-term
(I
U.
S.
fees
Govt,
cents
On
April
°n
a
record
March
share
May
1,
'10,.cen's were paid
T
was $1.50 per
ln
a
message
•of
tvf
in an
enrnm
<leci
last,
on
declared
the
No
a
the
the
quarterly
latter
j
U.
S.
$110
to
from
convert
of
issue
25
on
cents
which
on
and
total
the
common
extra
o;
payments
in
an
mailed
to
stockholders,
P.
F.
preferred
which
Lavedan,
stock,
exceeded
President,
that
portion
$1,500,000
i
Thus, there is available for
earnings only after Sept. 30, 1945, less all dividends
thafc date> Plus $1,500,000.
Ordinarily that
ne would be more than sufficient for a full year's dividend
but
operating losses in the first six months of the fiscal
i0r paid after
April
Presi¬
17.
the
of
Maine
$8 472
-
stock
at
are
at
there
It
not
is
completely
"no
active
&
$105
value"
in
now
Shields
Co.,
from
of
FOR
14
V.
and
prop,
was
refund
no
the application.
bituminous coal
to
there
to
the
will
be
a
ENDED
charges
and
of
M
accrued
to
Dec.
$3,813;
authorize!
Portland
Ry.,
Maine
of
oper.
both
&
etc.,
State
Treasury
contra—of
to
the
s.stern
tax
of
first
for
and
New
figures
York
received
three
$594,523
its
for
DEC.
31,
interest,
$1.73
of
for
after
of
for
This
in
the
of
S.
Net
tax
year
period of
in
adjusted
Exchange.
1 '4'i
taxes
1945.
the
from
accounts
refund
U.
and
of
$8,400;
due
150
mis¬
for
reserve
$176,687;
plant
$2,885.8341,
amortization),
taxes,
stationery,
payable—trade
and
accrued
held
and
$1,558,479;
$4,687;
etc.),
of
for
reserve
U.
period,
162.
de¬
S.
expenses,
etc.,
connection
with
expenses,
local
$107,012;
prov.
profit
Govt,
staxes
of
(after
Federal
under
fixed
for
deducting
taxes—as
fee
and
interest
as
re¬
and
expenses
four
or
a
contingent
$427,824,
was
or
seven
a
share
cents
3076.
p.
1946
1945
1944
$8,179,243
1,571,495
2,221,991
1,156,578
893,015
1,493,272
taxes
66,000
219,000
$612,480
$1,143,370
$509,719
600,000
_
share
600,000
$1.78
Feb.
2?.
or
$8,763,645
net
43
cents
profit
share,
a
600,000
$0.89
was
$0.72
$578,634,
90
or
for the February
cents
quarter
Investors
Second
Fund,
of
shares
share
per
on
Inc.—Assets
Feb. 28,'46 Feb. 28, '45
$15,005,598 $11,940,845
958,236
962,377
carrying securities
at
$15.66
market
quotations.—V.
$12.41
163,
1868.
p.
board
period,
on
Ap d
Maxson,
elected
were
President
of
the
Harold
directors
A.
elected
Lutz,
are:
William
&
Trust
E.
werp
John
Leander,
L.
L.
M".xs*m,
Co.;
W.
Fberstadt
T.
W.
J.
Lutz,
Vice-President;
Secretary; George H.
Kondoff,
Hennessy,
Vice-President,
Raymond S. Perrv as
during the organiza¬
board.
Fredeiick
Pearson, Tieasuier;
Secretary.
President, Etc.—
elected
17
acting
Chairman
elected
directors
H.
Bank
was
L.
Assistant
Other
W.
directors
officers
R.
Haley,
of
Williafn
Inc.—New
and
Raymond
Chairman,
L.
Maxson
Shanahan,
President,
Gid-n
S.
Hotels
Corp.;
Perry.
Statler,
Frederick
Federation
A.
Siouffer, Vice-President and General
operating the Stouffer chain of restaurants.
Perry until recently v^s a member of
the Eoard of Directors
Olin Industries,
Inc., at East Alton, 111., where he was
in
charge
all
research, of development cf new
products, and of export.—
Manager,
Siouffer
Corp
.
Mr.
of
163.
1868.
p.
Melville Shoe Corp.—March
Sales Up 20.76%—
Period End. Mar. 31—
Retail
1946—Month—1945
1946—3 Mos.—1945
*$5.576,606
$4,617,613 $12,575,136
$8,704,121
163, p
2009.
sales
-Corrected
figure.— V.
Menasco Mfg.
The
Board
regular
of
of
925,000
of
appr
%
_
outstanding
it
company,
Co.—Listing
Governors
meeting
■
of
per
York
-in
SI
April
on
Curb Approved—
on
New
m:
a
«hares
announced
was
the
to
par
Curb Exchange at
dealings at a later
capital
17—V.
162,
stock
p.
of
their
date,
the
above
1172.
Mercantile Stores Co.,
Inc.—Registers with SEC—
The
company on
April 1.7
Commission
a
regist-a' ion
shares
279,250
ing
of
filed
a'
stockholders,
Clark,
whh
int
•-•
comrr
D: cige
Ac
the
Securities
"overing
for
the
Co
the
account
is
named
as
and
a
and
company
its
metropolitan
department
junior
cent
smaller
For
the
solidated
against
the
previous
year
were
veer
I
onerate
hr'-"ghoul
and
58
17
the
branch
e'uhd
1.916,
sale-.
sales
fiscal
contracts
stores
department
country
appliance
,i-~
of
Sales
year
25%
v«q
$59,668,304
ahead
of
for
the
-rid
mid
the
same
the
net
net
stores
first
period
of
of
adja¬
con¬
$1,810,901,
$1,779,941
two
months
last
year.—V.
of
the
163,
in
with
in
reported
company
profit
nrofit
un¬
together
stores
of
sell¬
principal
communities
fiscal
net
net
ribsid'aries
enters
<
sate
of
group
derwriter.
The
Exchange
proposed
of
in
as
the
current
p.
2009.
contingencies,
stock
Maguire Industries, Inc.—Stock Subscribed
For—Pres¬
stockholders have purchased all
60,000 of the addi¬
tional shares of the
company's common stock, issuance
of which was authorized at the
annual
meeting, March
g^npval duH'c,
Russell Maguire,
President, announced April 16. The
be
1945,
2,304,948
shares
quarter to
assets
George
25
wages,
payment
for
in
in
company only, during
constituent banks and trust
$267,471,
February—
common
per
the
Other
$90,186;
pavable,
excess
$93,669;
expenses
accrued
dividends
and
creditors,
$0.15
$500,000
$8,619,741
President,
of
(see
contra», $789,483:
subsidiaries, $444,546: other
of
$902,136
$0.18
assets
tion
$3,665,418;
contracts
depreciation
a
years.—
Corp.—Earnings—
from
shares
inventories,
etc.,
and
parent
the
1945.—V. 163, p. 655.
Net
S.
from
emergency
$2,464
by
for
Portland
to
many
minority
its
with
V.
to
it*
profit
Number
man¬
recoverable
secured
the
receivable
$1,288,791;
(including
$102,176;
$3,062,635
$1,031,777
1946,
less
lor
compares
Massachusetts
customers'
incurred
advances,
was
Alfred
1943.
income,
share, against $295,270,
of
(after
liability—
tax
$353,185;
amortization
year
and
lease
for
$0.18
expenses
Earnings
Treasury
$2,009,450
profits
amount
insurance,
$396,770:
will
of
and
under
operations
are
Fed. & State inc. & exc.
prof,
Reserve for contingencies
these
ent
none
York
RR.
been
$1,050,409
sales
1945
U.
Federal
$59,869),
$1,250
premiums,
payable
$789,483;
Falls
taxes
corporation,
other
$25,000
share.
same
Masonite
Inc.:
343,047
$100,000;
4V4%
(par value $100
per
share), $2,000,000;
cnmmnn
stock
($10 par value per
share), $3,430,470; earned surplus,
$2,982,395; capital surplus, $60,000; total.
$10,787,414.—V. 162, p. 2944.
and
of
for
Stock
by
months
plus
of
a
the
The
subsidiaries
$3,300
liabilities
Canadian
life
$276,225;
preferred
ensuing
New
board.
expenditure
have
$0.21
$621,300
$198,000
above
the
provision
V.
traveling
fee
to
(after
notes
the
of
Corp.—Earnings—
sh._
com.
1944
companies,
various
$1,765 000).
contra),
cumulative
the
Rumferd
$1,220 0"7
provision
Dividends
New
income
net
customers'
receivable
which
fixed
income
for
the
to
which
of
Central
earns
per
-'After
250,970
excess
$885,751;
company),
stocks,
contract,
and
road
31
1,457,131
Canadian
1945),
of
and
acceleration
advances
accounts
other products would
handled by the Maine
1867.
p.
Earnings
375,658
was
against
31,
salesmen's
(insurance
and
Maitiand
added
were
also
the
the
of
James
J.,
Maxson Food
Systems,
$973,996;
$244,450;
accounts
of
reserve
instance, there is a
that, if granted, the
per
ton.
This and
cents
,
,:,Net
1944
the
SHEET,
hand,
on
applied
accounts
copyrights
Govt,
DEC.
308,084
currency)
under
and
For
so
15
(Corp. and constituent bank
trust companies, and other affiliates)
Quarter End. Mar, 31—
1946
1945
1944
1943
on
546,973
the
re¬
use.
$2,678,282
pats
from
BALANCE
contract),
parent
(after
taxes,
than
more
less
$1.75
expenditures
and
of
an
overall."
16.
N.
Falls
the
163,
Subsidiaries)
taxes
received
doubtful
(bank
S.
16,
in
in
directors
to
stockholders
of
*Net
YEARS
$10,787,414.
$551,389;
(see
loss
war
17%
of
Boonton,
purchase
part
20,000
share
per
expected
faces
immediate
amount
about
number
Rumferd
a
been
1945
notes
employees,
in
and
Central
freight
Net
$6,257,618 to
stand
them
Canadian
LIABILITIES—Accounts
S.
Maine
approximately $1,500,000 which was
hauling of explosives and munitions of
through Searspart.
increase
not
only
one
$3,066,657
receivable,
Government
ferred
total.
the
to
exceptions such as on iron and steel
the total cost of the increase
for
cents
for
part:
have
now
1943,
including
$197,366;
notes
and
patents
U.
share.
dividends
?
nts
declared
was
$1,167,319
equity in
in
account
on
stock
Federal
regualr quarterly dividend
stock, payable June 1 .to
preferred
dividend
at under the provisions of the
earnad surplus at Sept. 30, 1945
UnAvailable for common dividends.
amrm*
Bavm
18
on
15.
in
from
company's
tax
under
etc.,
cellaneous
capital
U.
Liquid Carbonic Corp.—Omits Common Dividend—
of
at
strongest in history.
Work¬
$6,298,280, or a net increase
Domestic
$1,765,000),
for
reserve
agement
103 %
bond
French,
on
revenue
..
banks
(reimbursable
other
ock.
and
subsequent
acceptances
(after
Govt,
facilities,
^Maturities
$14,000,000
said
to
preferred
were
"C,"
(collected
equipment
interest
an
in
series
investments
at par $14,000,000 of
fTpe ,directors
&
of
contra—of
per
bonds
21,460
______
notes,
as
388,967
inception
net
the
exceptions
the
will
Central
the
1945.
ASSETS—Cash
investment
authorized
1
the
ACCOUNT
CONSOLIDATED
5,368,689
$305,439.
has been
31,
214,566
161,964
amortization,
to
income
The
deducting amount of
3,517
and
dividends
209,902
.
"aiders
of
thereon
common
share
common
12,223
1,073,932
to
the
or
58,375
145,750
22,614
depreciation
which
value,
343,047
(expressed
Dec.
officers
sion.used issue
to
other
make
like
1,555,747
414,463
2,989,398
meeting
the
freight
are
on
increase
For
operations.
State
10,203
balance
is
increased
company
INCOME
tax
10,020,700
company
"There
ceiling
Number
1942
1944
Consolidated).
1,552.746
$43,229,714
bo
»onds
(not
1,441,218
I
Edw&rd S.
year,
annual
that
a
question from a stockholder Mr. French said that
rates for which the railroads have
applied to
Commerce Commission
will
not,
if granted, mean an
overall increase of 25%
to shippers and receivers of
freight in Maine.
"Our
traffic
on
the
Maine
central
is
very
diversified,"
said
Mr.
French, "and while the general increase is stated
as 25%,
it will work
out only about an increase
of 17% or. the Maine Central.
operations.
153,190
determination)
freight
to
answer
ported
next,
$657,854
per
subsidiaries
Note Issue Approved—
The
for
415,513
final
to
(includes
amount
8,
right
of
dividends
ended
618,531
Total
1946,
the
dividends
-Earnings
$3,000,000
1,067,312
company)
After
that
shares
tax
4,000,000
Unadjusted credits
Unearned surplus
;il-
four
income
2,000,000
(net)
liabilities
of
that
from
imported
increased
paid off.
of
and
17,930,549
liabilities
surplus
for
on
April
on
amounting
case
Fed.
4,000,000
payable
wages
Taxes
Earned
of
$3,223,977
convertible
profits
Excess
67,095
2,000,000
Miscellaneous accounts payable
Interest matured unpaid
Unmatured interest accrued..
Accrued accounts payable
Deferred
$641,213,
share
a
accrued
through
1945
17,482,940
unmatured
were
4V4%
Prov.' for
703,251
$3,000,000
this
their
...
NOTE—No
(6%
from
the
•Net income before
taxes, etc
Deprec. and amort, of phys.
LIABILITIES—
and
was
cents
dividcnd.s
announced
rate
(Company and
$43,229,714 $45,867,273
Traffic
to
terminate
President,
of
CONSOLIDATED
137,579
26,357
6,638
757,771
stock
and
Based
27,998
83,474
credit
Total
debt
is
Even
of
Common
•Funded
it
the
and
facilities
Government
575,292
assets.:
ad¬
an
109,793
$2.23
income
77
or
$2,215,247.
refund
1,893,454
196,815
Increased—Purchase
Interstate
$1,775,774
$2.27
1.618,251
receivable
at
stockholder
amounting
year
the
798,000
for
financial position
worth
234,785
1,042,655
receivable
Drefs,
449,038
200,810
cond.__
assets
preferred
net
though these facilities
company's books, more than 90% of
April of 1945 the -company sold,
As
5,557,000
Unadjusted debits
Prior
697,950
financing charges netting the company
$2,060,000.
438,264
:
profits
Miscellaneous
at
increased
bank loans
shares
549,708
445,172
and
pio.it
any
the
declared
last
$388,000 in
equal
date,
cease
3,536,504
5,152,000
sees.)
In
283,000
1,354,326
agts.
supplies
Accrued
Deferred
from
accounts
and
receivable
G.
net
or
the
18,000
companies
Temporary, cash investments (U. S.
deposits
Interest
1945,
$613,544,
$3,074,303.
865,
99,408
329,245
'
Special
Material
stock
company's
capital
The
1944
198,347
receivable
also
The
July 6, 1946.
The 5%
pre¬
will be suspended from
dealings on the New York Stock
at the close of the
trading session July 5, 1946.
See also
Special
3,570,152
Miscellaneous
of
$27,549,897 $29,349,067
investments
balance
make
stock
The
31
sees.)
property
also
radios,
aviation
and
Authorized—
stockholders
the
the
1944
$5,355,630
2,772,113
redemption on July
preferred itfoqk, $100 par
amount
that
to
will
Arthur
ing
of
320,888
and
gun
produces
now
railroad,
in
revenue
Peck
McQuay-Norris Mfg. Co.—Annual
Report—
300,000
1945
property
funds
Cash
Net
He
,of
Exchange
163, p. 2009.
prior pre¬
40,000
on
players,
1945 was $428,000, Mr. French said that
"you can't sub¬
wage increases of $1,900,OuO plus additional costs for
materials
supplies which are averaging uwout 3oVh% over last
year's prices
from that figure and have
any net.
Instead you will have a large
deficit.
The only escape is an
immediate rate advance."
The
3075.
convertible
1946,
amortized.
physical
in
stock
accom¬
Co.—Conversion Privilege—
the
an
All
BALANCE
reserve
Maintenance funds
-Other
and
transportation
and other
to
the
NOTE—The
with
plus
1,
$2,534,394
60,000 shares of
on
'
'•■Investment
31,
wiih
p.
cumulative
V.
series.
ASSETS—
,
300,000
share
per
cumulative)
6%
GENERAL
'Capital
"ex!'
the
be
on
798,000
ended
Stores
connection
ferred
$1,488,389
'-'•Represents dividends of
stock
quoted
for
must
$1,813,565
share
1,046,005
$1,693,031
stock
Central
Net
996,863
income
preferred
hope
told
Six Months Ended
-Dividends
ferred
of
share.
2,767,263
compared
1944 —V.
into
19,061
$2,689,894
submachine
company
record
company
Pointing out to
fxd.
charges
Thompson
wu,
RR.—Directorate
Marine Midland
May
$2,553,455
19,446
inc.
charges
Fixed
$2,631,500
23,620
_
from
share
per
1945
5%
78,142
income
of
on
'678[411
McLellan
In
$2,475,312
!__
deducts,
dent,
1867.
p.
expense
quarter
a
preferred
IUjm\
be
notice
share
the
quarter
$3,289,850
$2,618,796
income
not
can
ceived
statement
Exchange
certificates
capital shares
per
cents
370,966
$3,548,501
famous
Central
381,079
463,934
80
845,000
income.
oper.
the
business
$15
Curb
would
further
rights.—V.
of
York
all
of
additional
price
_
441,061
the
$5 for 15
outstanding
Wage increases to employes win ccst the Maine Central RR.
ditional $1,900,000 in 1946 and unless
an immediate increase in
rates is granted by the Interstat)
Commerce Commission the
1946,
2009.
83,676
of
1942
2,916,720
(debit)
ry.
so.
for
p.
$5,342,915
per
Net
Maine
profit
Earned
1943
5,013,102
taxes
income
do
13,
kwh.
163,
close
income
Number
462,480
oper.
to
registration
one
at
the
the
the
to
held
common
1946.
at
rail.
lighter
of
marine
In
9 Mos. Ended Dec. 31—
miles
2,461,673
taxes
Rv.
maker
raised
$21,451,870 $19,764,534 $15,696,549
12,012,811
12,893,061
10,809,654
12,016,229
expenses
Other Federal
Other
$18,929,945
revenues
oper.
Mr.
at
company's
communication equipment, powder metal items,
paving mate¬
rial and similar products.
It has p. ants at Bridgeport and
Stamford,
Conn.; Cleveland; Chicago and Mount
Carmel, LI., and at Jamaica,
N. Y.—V. 163,
p. 1730.
dividends
Mclntyre Porcupine Mines,
Ltd.—Earnings—
YEARS
1944
days,
April
30,278,000
20.5%.—V.
which
shares
notice
16,
due
record
on
Rulings of
further
April
$2, of
in
adjustments
Net
INCOME
thirty
Rights—
date
five
Security
rights until
panied
$1,693,-
Southern. Ry.
relaying
distinct
a
advisable
Depreciation
and
flow
(Ky.)—Weekly Output
the
decrease of
a
on
later
stock
12
Gross
weight,
same
been
common
it
Taxes
the
adequate
There has
resume
Co.
compared
.
any
rail
of
The
equipment during the
receivers, radio-phonographs,
of Two Leased
Roads
of
the
shares.
the
holders
stock,
property
was
further improved during the year by the in¬
stallation of 79.19 miles of new 90*pound rail in replacement of lighter
rail
of
for
nature
to
conditions
company .for
kwh.,
week, last
1946,
delivered
pre¬
The
of
goods
1,071,820
radar
$20,000,000
year.
resumption
Electric
of,this
Corp.—Ruling
Committee
quarterly,
and
backlog
of
to
tract
output
common
common
$18,-
the
the
City
from
volume
current
excess
it
management cannot predict with
certainty
but naturally assumes that in the
directors
24,057,000
April 18,
becomes
.the
reduction
to
on
of
to
company's
in
if
even
1029.
Lynch
reduced
to
for
and
property
Shipments
wise,
The. New York Curb
Exchange on April 12 received notice that, sub¬
ject to prior effectiveness of a
registration statement under the Secu¬
rities Act of
1933, this corporation proposes to offer to the
oper¬
of
was
increased
1944,
of
the
is
Principal
fountains, ice
soda
be
not
correspond
that
alone
only 6.1%
earnings
Louisville
subsidiary will
was
formerly
$21,451,870
Dividends
from
amounting
revenue
year
as
to
fact
depend
The
as
p.
Electric
totaled
total
Operation
traffic
dividends,
the
The
your
would
.
shares, offered to stockholders
increase
and
from
Packton.
rights
line
Its
with
retirements
facilities.
war
its
will
additional
days,
exported
from
miles.
others
compared
as
$1,596,062
resulting
of
to
by
over
this
conditions,
with
taxes
reduced
line
its
and trackage
Natchez, Miss.
off
are
stated.
just
1569.
sold
lease
traffic
operation
year
amortization
1945,
opposite
conducted
but its net
yeaf,
Federal
of
be
such
war
the
for
S29.944
Will
handle
to
La.,
thereby
was
.Vidalia
continue
30,
surrendered
Vidalia,
to
point
Dec.
on
and
It
goods
increasing.
profits
Lavedan
corporation, all of whose capital stocks are owned by Kansas
Southern Ry., continued the separate operation of 834.24 miles
main, collateral and branch lines between Dallas, Texas, and Ne-W
La.,
the
materials and parts. The
that can be expected,
This
"Wiidsville,
of
durable
profitable.
bottling machinery,
things it cannot be delayed
indefinitely.
improvement in the supply situation
in
City
Orleans,
operations
freezers.1
of
Louisiana & Arkansas Ry.—Annual Report—
latter
view
months
corresponding
of
make
are
home
for
steadily
six
to
try., to cut expenses
in
needed
These
when
Mr.
obtained
and
to
orders
is
Normal
said there is every indication that production of glass and
plastics- during the remainder of this year will be the greatest in the
company's history.•Employment
should be
at
comparable
high
levels,
but
profit
margins are far below normal and a satisfactory return on invest¬
the
unfilled
first
Biggers
ment
cabinets
possible,
shipments
of
!)1MrPBiggers
all
required
products affected
were
•
of-
divisions
-durable
and
reporting
volume
obtain
plants, of out*
shortages have made it impossible
production' and shipments
in our durable
Lavedan said.
2159
of
the free surplus
remaining after
dividend payments
already made in this fiscal year.
Consequently, the
company at this time cannot legally declare or
pay a common dividend.
meeting April 10.
13-week, strike in-the flat glass industry ended Jan. 21 and
nts were brought into production as rapidly as possible, but earn¬
ings during
the latter portion of the first quarter were not sufficient
t
offset the substantial losses incurred during the earlier weeks.
With very minor exceptions, company's products are being sold .at
war prices," stated Mr. Biggers,
"in fact, at prices which prevailed
during the depression year of
1938, whereas the wages of its em¬
ployees have been
increased an average of 42% since January, 1941,
and 48% since 1938.
All pertinent facts are being presented to the
OPA and it is hoped that equitable price advances will be authorized
mnual
In
the- balance
<up
offered
to
the
Michigan Bell Telephone
Co.—Earnings
Period End. Feb. 2E—
Operating
revenues
Uncollectible
cper.
_
...
rev
Operating revenueOperating expenses
Operating taxes
Net
Net
operating
income
1946—2 Mos.—1945
$6,291,129
$14,021,895
$12,842,092
17,918
8,316
34,312
16,874
$5 990,55.8
4,530,031
1,145,053
$6,282,813 $13,987,583 $12,825,218
3.928,956
9,183,519
7,948,732
1,494,028
2,305,120
3,167,748
1570.
$) p.m.<114
$«sq R99
$2 4.QR 044
$i.7na798
1,245,750
income
—V. 163, p.
1945—Month—1945
$0 94*476
805,339
2,488,297
1,638,771
THE COMMERCIAL & FINANCIAL CHRONICLE
2160
Corp.—Disposes of Midland Realization
West
Middle
President
of
Shares—
12 at competitive sale 84,000
shares
Skilsaw,
Sanitary Scale Co. and director of LaSalle National Bank
National Tea Co.; William J. Reidy, Chicago district
in compliance with divestment requirements
Holding Company Act.—V.. 163, p. 907.
ings
John
of the Public Utility
Inc.;
G.
(Del.)
Reclaiming Co.
Rubber
The stockholders
for
With SEC—
proposed issuance
ferred
&
and
($50
stock
Co.
10
now
to offer prior subscription rights for the 31,110
shares of common stock to holders of outstanding common stock
of
Midwest Rubber Reclaiming Co. of Missouri, predecessor corporation in
the ratio of 14 of a share of the new common for each share of the
proposes
of
rehabilitation
the
The
stalments
of ten
period
a
over
signed.
Co.—V.
A.
C.
No
Allyn
new
of
on
Bateman,
$4,328,747
450,000
2,781,470
3,052,508
14,000
portion
income,
and
of
June
of
845,752
Gross
COSt
$836,176
845,752
$1.24
$0.99
1945,
but
the
the
refund
of
has
Of
(which
the
fiscal
completed
basis
the
that
months
ended
the total, $693,-
p.
of
the
settlements
adjustment
no
Dec.
31,
for
the
will
result
and
1945,
no
fiscal
$200,000
been
yet
6,000
Co.
3,500
26,000
returns
STATEMENT
&
allow.__
adm.
expenses
doubtful
accounts
less
than
Total
the
158.
st.nrk
213,880
146,298
221.390
$169,369
$2,351,617
Refund
renegotiation
it
years
for the
provision has been made.—V.
is
six
162,
Net
228,902
340,000
1.031,485
158,108
Crl50,000
taxes
year
143~291
Cr445,386
$414,037
prior
provisions)
$350,207
1868.
p.
National Bond &
will
Mountain States Tel. & Tel
Period End. Feb
Operating
28—
Uncollectible
oper.
National
Co.—Earnings—
1946—Month—1945
revenues
$4,090,983
$3,736,872
$8,404,403
8,435
6,485
16,564
rev._
$7,560,015
12,969
years,
J.
Share Corp.—Asset Value—
As
Enameling & Stamping Co.—Annual Report-
Kieckhefer,
states
company
at
the
Operating
Operating
revenues,.
expenses
Operating
$4,082,548
$3,730,387
$8,387,839
2,435,139
6,022,132
4,955,699
At
$7,547,046
2,990,052
...
taxes
565,395
868,284
1,198,655
1,731,109
$527,101
$426,964
$1,167,052
$860,238
416,261
296,266
963,040
599,000
the
end
and
full
operating
income
revolving
of
income
—V.
163,
1868.
p.
possible
order.
to
mechanical
companies
arrange
However, they
position
in
always
are
it
reasons
is
always
alphabetical
alphabetical
near
ration
a
of 2.4
1945
year
the
Agreement
provided
has
been
and
in
Federal
1946
for
reserves
other
1944
t.n
exchange
in
first
offerpd
hp
of the com
hnlrlers
Automotive
shall
on
be
exchange offer will expire on
The dividend
rate of the
The
offering
of
preference stock and the price at
into common stock have not yet been
however, contemplates the following terms of
company,
new
payable
to
the
company
and
A year
not
was
cumulative preferred stock, series D
share)—share for share.
(callable at $108 per
(b)
(c)
4 rio convertible preferred
share)—share for share,
Kuhn,
&
The
company's
the
to
&
Morgan
Stanley
and Alex. Brown & Sons.
business covers a wide field
These
are
used
in
and
industrial
operations
profits
the
known
every
have
been
the
Co.;
&
a
variety of
automatic
of
industries
for
process
Dillon,
Piper,
control
ranging from
railroads, steam¬
in steel, textiles,
control
Appliance
Corp.—Stock
is
The
concluded
company
the renegotiation
believes
company
ic
tingencies
profits
is
if
adequate
the
basis
The
*
Mississippi Power & Light Co.—Arranges Bank Loan
The
company
Bank
Hanover
is
Of
has arranged
&
Trust
Co.
a
of
serial 2%
10-year
York.
New
The
with Central
$3,450,000
loan
loan
is
for
subject to approval of the Securities and Exchange Commission.
amount $1 700 000 is to be used to repay the "balance of the
_
__
this
bank'debt
pviQtina
and
the
remainder
to
construction
finance
pvnpnditnres '
P
No
years
of
its
effect
liability
an
1944
of
in
10 equal semi-annual
Missouri Pacific
RR.—Proxy Group Oppose^, .Manage¬
mentA
the
at
nominees
The
Edwin
and independent*'
stockholders of
rom
from
directors
the
proxy '.cdnWttlttee IS Soliciting
thisI'i,ailroad;lfpt,itHp£T'electioi,i
meeting °to
annual
have been
membe
iembelrs;r6f
Committee,
ntr
nf
be
held!MoriI0i(Sqy 14.
the bokVd
;^liiw'May
MOJ
w
9,
df
eight
Three1
19442
of
•
^
*
—
consisting of F. Douglass Wilson, agriculturist, and
McConville, Treasurer bf Skilsaw;11 if tic.;'- manufacturers of
electric tools, said in the proxy statement that control of
B.
portable
the Missouri
Pacific board by
Alleghany Corp., through election of
a
majority of the directors, "is not to the advantage of the inde¬
pendent stockholders of the company." '
Nominees
of the Committee,
the statement continued,
favor
(1)
complete abandonment of the reorganization plan for the railroad,
confirmed by
the Federal .court last January;
(2)
immediate
and
advantageous Use of surplus cash to retire
'fchpltal obligations of the
and (3), in the event the use of cash does not entirely
necessity for a reotganteation; 'formulation* of an 1 entirely
pilan.
*
'
'
■
•
railroad,
remove
new
New
plant
proposed
HISTORY &
Delaware,
a
to
its
&
is
It
Trust
presently
Co.
outstanding
York
New
of
indebted
the
.
.
Nominees
to
fill'tight;'of the 15 directorships
sales
take
is
of
care
similar
ACCOUNT,
to
erected
commenced
Chicago,
803,779
on
Stock
shares
90-day
Exchange
of
and
com¬
the
San
in
Northern
Ohio
975,693
business
120,000
incorporated Jan. 23, 1928 in
date.
It acquired the
was
that
on
company also operates r.v.»..U wu v/amauu ailU Los
plants at Oakland and
Angeles, Cal.,
c.«h
—
and t.iki. Falls, N. tr
Little
Y. and at Trenton, N. J.
The plant
of the company's wholly owned
subsidiary, Canadian Automotive Trim
Ltd. through which the Canadian
operations of the company are con_4
Wat.erfnnl
Waterford
ie
the
company
_
are
John V,
Farwell,
at
is
r>f
of
Windsor, Ont.
principally in
negaged
postwar
the
that
ENDED
DEC.
which
are
—*
purpose.
The
this purpose is
company by the
Company is'also;'engaged in the produen
uiwimiigaKeQ m
tne producbatting and1 wadding, hprincipally used in the
manufacturer.
pads;1 padding,
npholstering of automobiles.
The business of the
company
eludes the production of silencer pads, the cutting and
floor carpets and
the
for
and
on
the
also
upholstery
trade;
cloth 'for
of
other
items
used
in
the
Corp.
1t.omr1t.ivo fioiri
automotive field.
the
Motor
United
Co.
wadding.
are
.
has
been
z-v+u—
the
company's
principal
w
a—
■
principally
1.,
$35,000 paid),in cash
even
been
maintenance.
1,046,255
1,385,107
1,644.658
deprec. & oper. properties
237,968
249,484
243.447
44,145
65,687
65.625
2,145,000
2,245.000
renewals
for
&
notes payable
Fed.
inc.
&
exc.
profits
2,535,000
for
postwar &
other coatings.
350,000
020.OOO
$657,176
$479,478
342,825
common
postwar
570,000
$592,923
328,539
301.284
$5.16
$5.72
shares
refunds
of
$175,000
in
SHEET,
1944
DEC.
and
$1,812,210
$4,483,916
270,944
1,097.227
258.142
3.544.775
2,900,998
1,754.250
945,109
935.275
(net)
properties
1,579,129
2,259,957
series
3.818,144
3,734.238
150,000
303.74C
non-operating jjiuperues
properties
—*
1
Post-war refund
-
of excess
rw
1544
1945
hand
on
Treasury notes, tax
investment
operating
1943.
31
Terminated contract claims
Materials and supplies
•
(net)
(net).
184,000
profits tax
-
Deferred assets and
charges
53.948
69,873
customer
VUOIUIUCI
to
batting,
acquired
all
had previously
carpets,
of
Co
National Air^Transnort
in Nevada in 1044 but
incorporated
been issued.
Company
$13,806,364 $ 16,349,517
LIABILITIES—
Accounts
payable and payrolls
fWjlUl 10__
State, local and social security
^
the
for
Hie
the
none
padding and
issued
nnd
nut
Sli. t
a
Co
C4-, 4-
Accrued
Prov.
Th?* rSmSSinn
nf
advanced
$35 000
for
Operating
w
to
this
$903,535
M..M
..
~
Fed.
1
—
'
income &
excess
Notes payable
taxes.
2,956,569
reserves
89,671
5.738.750
1,337,589
1,220,891
$13,806,364
163,
p.
National Supply Co. (Pa.)—Sells
Rights to
company
16
and
announced
the
that
Sterling
the
manufacturing
servicing
formerly
at
and
produced
Engine
latter
rights
to
Co.
of
970.792
$16,349,51'
High-Spoed
Buffalo,
has
high-speed
company
the
1,337.589
1288.
Diesels—
April
200.000
72.827
1.392.640
5,738,750
Total
plus interest accrual.—V.
391.214
1,405,269
Earned surplus
cost
195.171
2
o
postwar & other contingencies
Capital stock (114,775
shares, no par)
Capital surplus
"At
$2,050,533
154,089
profits taxes..
Reserve for
This
in
ill
-
Transport
to
Total
.
Other customers in this field
include General Motors
and other manufacturers of
passenger cars
States.
Sales to General Motors
Corp. and the Ford
confined
■vJn-, January, 1946 the
company
standing stock of National Air
had
$5,498,208
Cash in banks and
of
Corp., the Ford Motor Co.
in
$5,072,453
interior
the mahufaeffure of sisal batts and batand the embossing of designs on the
cushions, backs and door panels,
automobile seat
materials for other
purposes,
Chrysler
10.633
$4,806,290
Receivables
in-
binding
production
trimming of automobile bodies,
covering
113.105
011
_
covering fabric and some of the material used for
neither produced nor purchased but
is supplied to the
ting
127.627
for
—
•
sold
specialty business
largely to the automobile industry.
business includes the
cutting and assembly of materials into seat
cushions and backs for installation in the
interior trimming of autoanobiles and also into interior door
panels for the same
of
1943
Z)r9,087
held
prop,
BALANCE
Total
31
1944
ASSETS—
Total
1945
134,877
Earnings per
Total
its
$*,b55,2b8
non-oper.
Dividends
S.
of
previous years.
15,584,381
Net income
"U.
lor
con
$5,374,469
income
"After
otner
other
1,953,914
taxes
Prov.
ana
and
16,145
for
"Prov.
1945
results
renegotiation
of
the
01
operating
17,027,787
of
Annvnn/5
textile
a
11
V»
This
•automobile
the
the
-
nvnrhirtc
products
•
the
to
reduced
16,566,622
income
Repairs,
150,000
The
The
with
pursuant
$4 655 prr
operations
167,000
batting department of the California Cotton Mills Co., of
Cal., and the physical properties, water rights and business
Little Falls (N. Y.) Fibre Co.
Both components of this' acquisition
hac^ been engaged in the manufacture of cotton batts and padding
primarily used in the manufacture of automobile upholstery
and, in
addition, Little Falls Fibre Co. had been engaged in the manufacture
of wadding for the automotive
industry and other commercial uses.
v
31,
earnings
$21,221,890 $21,981,701 $20,959,350
(incl.
from
Interest
250,000
Oakland,
t
at
Dec.
of
agreement
Renegotiation
iui'
YEARS
sell., warehous¬
administrative exps., etc.)
Total
to
Company has made application to list the
BUSINESS—Company
and
working
of
as
settlement
final
for
xcocivc
reserve
disposal
Prov.
the
be
to
the
0.111*
•
953,779 shs.
automobile
tfOn
"non -management
of
ing &
Outstanding
Louisville, Miss, (machinery and equipment)
Los Angeles, Cal.
(new warehouse, &c.)
Trenton, New Jersey (addtl. machinery and equipment)-.
Waterford, N. Y, (new warehouse)
'
proxies
debt.
Bank
presently
on
1.
10
paid in
for
for
out
profits,
this
uno
sales
Other
FINANCING
shares
ducted, is located
repayment whatever is called for under the new loan until 51/?
after, the date it is made.
Thereafter serial maturities are to
instalments of $345,000.
'V
The company Is controlled through 100%
common stock'Ownership
by Electric Power & Light Corp.—V. 163, p. 1432.
'■■>./■
:! ;
be
PRESENT
of
1288.
and
TO
$1,000,000.
listed
are
this
-
that
used
INCOME
28,000
to be issued by it on these
Exchanges.
PURPOSE—Company expects to apply the net proceeds of the shares
being sold by it for the following purposes:
Repayment of present bank loans
$1,000,000
&
Offered—Lester
National
Francisco Stock Exchange.
Co., Los Angeles, on April 18 offered 131,710 shares of
common
stock (par $5) at $8.25 per share.—V. 163,
p.
stock
was
need
required
year.
Profit
EFFECT
funded
no
1.8
was
Loan
the
provided
previously provided for.
awaiting determination of the
ngennlPC
Co.
1,200,000 shs.
has
Illinois
aggregating
mon
ceramics, food, chemicals, petroleum and many others.—V. 163, p. 2010.
Mission
Trust
GIVING
LISTING—Company's
of
company
(he underwriting will be
Co.;
air-conditioning and ventilation to aviation,
heating,
notes
Hopwood;
instruments.
ships
Loeb
Union
par)
NOTE—Company
(callable at $105 per-
payment
($1
150,000 additional
Union
Inc.;
Jaffray
the
on
Securities in
with
Co.
&
stock, series B
stock
Continental
share.
Associated
&
CAPITALIZATION
Common
4V4r'c cumulative preferred stock, series C (callable at $107.50
per share)—share for share, on the payment to the company
of $0.50 per share.
Read
Bank
it
ago
"VT"
because
contingencies
Income
4%
per
Fargo
Authorized
(a)
$3.00
Wells
stockholders:
preferred
present
the
to
May 18, 1946.
of
liabilities
of
Agents—Guaranty Trust Co. of New York and The Bank
California, N. A.
Registrars—National City Bank of New York and
convertible
be
report
current
profit by $1,063,874, but after
giving effect to the adjust¬
the Federal taxes
paid upon this amount the net cost to the
rnmnnnv
a- ■<
company amounted to $154,262.
This amount
Fibres, Inc.—Stock Offered—
April 18 offered 178,000 shares of
common
stock (par $1) at $19,875
per share.
Of the
shares offered, 150,000 shares are
being sold by and the
proceeds
1.
to
Regulation
sales
for
National
annual
exceeded
contingencies.
Renegotiation Act.
ment
Reynolds & Co.
47th
cancelled
thereunder
made
Furthermore,
postwar
Government for
possible.
as
the
assets
the
Early
not
exact
as
in
current
purposes.
owing
1945.
NOTE—For
1945,
Although substantial receivables and claims were
company by
the United
States
Government under
terminated contracts, these
claims had progressed to the
point that
.-payment is anticipated in full
early in 1946.
still
Provision
Net
the
Loan
credit
President,
part:
of
This is
the
capital
Net
in
close
by $5,618,005.
1350.
p.
Alfred
1946—2 Mos—1945
Cost
fixed.
$672,606
The net asset value
on
March. 31, 1946, was $35.42 a share on
360,000 shares of
capital stock compared with $33.23 on Dec.
31. 1945.
—V. 163, p. 466.
Transfer
will
131.531
(from
1945
it
!
$2,181,622
150,000
income
on
income
163,
$62,929
taxes
Canadian taxes
of
106,439
$557,327
surtax
carry-back
—V.
»
Income
and
Prov. for
Net
which
-'.762
52,130.227
$786 230
nw ^
Excess-profits
was
3195.
in approximately quarterly in¬
and is evidenced by notes exe¬
filed, April 17, with the Securities and Exchange Commis¬
registration statement with respect to 85,700 shares of con¬
preference stock (par $100). Union Securities Corp. is named
principal underwriter.
This
544
$23,071
deductions
Normal
911
l8.610,976
1.059.955
1,069,896
282
income
not i
31,
1943
$572,351
profit
rlorl
Other
for
Company
vertible
4.000
ENDED DEC.
1944
1 ,002,100
,
as
YEARS
$15,888,834 $16,293,312
$21,803
14 714 ion
14,314,100
15,199,801
SOld
&
1945,
year
aforementioned
from
6,000
Company.
income
hdr
district
a
not
provided therefore 1
resulted
in
a
net
adjustment of $29,000
after
applicable Federal taxes, which adjustment has been credited to earned
surplus.
On
for
Total
ended
years
with
have
the
to
was
gOOds
gen.
'"Hl°
6,000
6,000
Inc._
Inc
sales, less
Other
expenses
agreements
respect
10,000
Co._
and
Co.,
Gross
previously reported for the fiscal
With
$500,000
for
12,500
reconversion
post-war
been
final
income
therefrom.
for
reconversion
contracts
war
30,
board
to
Inc...
Co.,
&
Scott
Selling,
$1,047,277
reserve
equal
&
Republic
Collins
10
Co
1945
454,000
$0.69
to
Co.,
&
$4,338,684
500,000
~
12,500
-
a
Purchased
24,000
CONSOLIDATED INCOME
1943
1944
1945
845,752
resulted
believed
Minneapolis-Honeywell Regulator Co.- -Registers with
Securities and Exchange Commission—
sion,
si„rK
names
24,000
Co
Kraus
Eichler
&
the
the
have
their respective
Company, Inc
Central
Julien
"$145,165
&
Roney
Burr &
t0
ot
for
severally
selling stockholder the agreed
I"
&
and
Burge
C.
Corp.—Earnings—
adjustment of
required
Noyes
Wm.
Blyth
$113,740
1944
1944
the
its New York subsidiary, and the latter
Chase Knitting Mills, Inc. and Carlisle
Fox
subsidiaries,
company's
Shoe
Hemphill,
2653.
p.
adjustment
by the parent company,
cuted
share
present
stock of that subsidiary.
$1,000,000 loan is repayable
new
split
credits
restored
30,
year
the management and
common
underwriters
opposite
Laurence M. Marks & Co.__
the basis of
of $100 par
on
$585,165
with the Public
in exchange for 10,256 shares of 8% preferred
related intersets on a primary basis
of $67.50 of debentures fcr each share of preferred stock and divi¬
dend arrears of $17.57 per share, with certain adjustments.
The en¬
tire authorized 25,000 shafts of 8%
preferred stock are to be elim$
inated upon completion of the exchange and redemption of the 6,099
publicly held shares on April 25, 1946 at a total redemption cost of
$442,604, which will leave $557,396 of the new $1,000,000 loan from
The Bank of Manhattan Company, New York, which was obtained to
provide additional working capital for improvement and expansion
purposes.
The remaining outstanding 5,835 shares of 8% preferred
stock, as well as the 18,6963/i shares ox common stock of tnis com¬
pany now held by its subsidiary, I. Miller & Sons, Inc. (a New York
corporation) upon surrender to it of the entire outstanding 225.15
shares of preferred stock of the New York company now held by the
parent company, which will continue to own approximately 99.66 (e of
transportation
issued
be
to
The
NOTE—Renegotiation
June
price
stockholders on
are
air
Co
Schwabacher & Co
split
be
of
($679,043)
included in costs and expenses for the period, less applicable reduction
($565,303) in income taxes,
f Refund of prior years' Federal excess
profits tax arising from carry-back of unused excess profits credit.
1946.
100
each
profit
plants
accrued and unpaid dividends of $18.5135 per share, mak¬
$73.5135 per share. Payment will be made at The Chase
National Bank of the City of New York, 11 Broad St., New York, N. Y.
Holders may
surrender their stock certificates at any time and rececive the full redemption price, plus acciuea dividends to April 25,
stock held by
&
shares.
will
Prov.
plus
March 22, last, approved a plan of recapitaliza¬
provides for the creation of an authorized issue of $695,-
Reynolds
four new l'/r
par
7'<
preferred
receive one share
preferred shares are callable at $40
be
outstanding
Earnings per share
the
which
stock.
151,
tax
"Includes
20-year 6%
unsecured debentures (subordinated)
National Bank & Trust Co., New York, as trustee.
Of
will
after charges
Net
ing a total of
The
several
company and the
forth below
Co.
purpose
provide
Shs. to be
Ball,
shares
Shares
outstanding preferred stock (except those 16,141 shares
which are to be surrendered to the company for cancellation in ac¬
cordance with
the notice of stockholders' meeting dated March 4,
1946) have been called for redemption on April 25, 1946, at $55 per
tion
for
shares
common
common
tFederal
163, p. 782.
000
the
f.om
stock set
to
was
the company.
compromise plan providing
a
preferred
common
Renegotiation reserves
Federal tax provisions
Inc.—Calls Preferred Stock—Re¬
capitalization Plan Approved—
share
and
the
6 Months Ended Dec. 31—
(I.) Miller Sons Co.,
of
par
share.—V.
Frofit
machinery and equipment.
Company was organized March 7,
1946, to continue the business
previously conducted by Midwest Rubber Reclaiming Co. of Missouri
which was organized in 1928.
The business consists of the manufac¬
ture and sale of reclaimed rubber for tires
and retreads, automotive
and industrial uses and various other purposes.
The predecessor Mis¬
souri company reported net sales of $3,933,805 for 1945 and profit of
All
of
rrvnTPDWRTTFRS-The
Grubbs,
purchase of additional tools,
8364,332.—V.
of the aircraft
,oUnNu?chare
Douglas C-47
$35,000
use.
The
National Air
Transport
aforesaid advance.
The
purpose
of common
held.
preferred
new
a
and
the
from
Proceeds
no
approved
17
common
arrangement,
Motor Wheel
Missouri company's common stock outstanding.
the financing will be used for the enlargement
of the company's manufacturing facilities, including
predecessor
corporate
Split-Up Shares—
the basis
par preferred
shares for each share of $100
held.
In addition,
preferred shareholders will
$25
writers.
Company
new
The
April
on
the
of
the
common
pari
Newhard,
split
a
Under
with the SEC a registration statement covering
of 40,000 shares of cumulative convertible pre¬
and 31,110 shares of common stock.
Shields
Cook & Co. are named as the principal under¬
filed
has
Company
the
to acquire a surplus
government
Hs modifiCation for civilian
From
Registers
—
SmSn
N. Weisiger,
associated with
Montreal Cottons, Ltd.—To
Midwest
it
corporation to pe
ah craft
Cary
R61ph,
nermit
transpoit
American Zinc, Lead & Smelting Co.;
attorney; Bolton Sullivan, President of
Jr., agriculturist, Ivy Depot, Va.;
Frederick W. Huber, Inc., and a
director of H. L. Green Co.; W. Seymour Smith,
New York repre¬
sentative of Burlingame Corp., and Donald D. Wilson, Oak Park, 111.,
Treasurer
and
director
of
Mapes
Consolidated Manufacturing Co.,
makers of paper products.
The last three nominees, directors of the
railroad, are up for reelection.—V. 163, p. 1868.
Midland Realization Co's capital stock to a banking syndicate
headed by the First Boston Corp. and the Central Republic Corp.
Their
bid
was
$36.75 a share.
Other bids were: Kidder, Peabody & Co.,
S34.79; Lazard Freres & Co. and Lehman Brothers, $34.60.
The win¬
ning syndicate said there would be no public reoffering of the stock.
The sale by Middle West was incident to reorganization of its hold¬
Monday, April 22, lg46
in
and
of a subsidiary of
R. Shannon, Chicago
Angus
the
of
Chicago
manager
corporation awarded April
The
of
N.
Y
Purc"aS£"
diesel
ei|
^
,. (...
National's
Superior Engine Division,
of the engines will be taken over by
^ '.0;(i
inventory can be transferred from Spru 8to Buffalo, Addison F.
Vars, President of Sterling, said.
n:].
Disposal of the company's rights to the high-speed diesei
^
permit National to> expand its facilities for the
production 01
■;.fr
speed; heavy duty diesels suitable for the petroleum indu
^mer' Vl
marine-type installations, stationary power plants, and comm
applications, A. E. Walker, President of National, said.—V. 162, P-
field, Ohio.
as
soon
as
Production
tools
and
Number 4433
163
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Co.—Earnings-
Natomas
SECURITY—In
calendar Years—
1945
income
Net
per
the book
to
10.51c
8.72c
5.11c
3.75c
1.50c
1.38c
6.61c
loss 011 land
sale
contracts
in
net income from all sources for 1945
Current assets at the year's end amounted
invested in 2 \\ % U. S. Treasury
current assets of $1,808,757 On Dec. 31, 1944.
at
$10,793,202 —V. 163, p. 196.
$510,000
the
5.13c
3.90c
the
363.
$532,128
8,324,560
yard
yard
per
returns
Due
first
$623,478
cost
Total
Mei
funding
1944
10,008,835
dredged
Gross returns per yard
Cost of operation
per yard—
Operating
expense
Depreciation and depletion
yards
cubic
the
opinion of counsel for the company, the re¬
mortgage under which the bonds will be issued is a direct
subject to ordinary tax liens and other minor encumbrances,
all the
upon
interest in
lines of
certain
amounted
to
$556,-
$67,115.
main
line
deducting
Series
to
$2,009,560, including
bonds, as compared with
assets
of
E
bonds
34
miles
FUND—A
lines
bonds
but
to
of
the company, on the company's
railroad
of
branch
sinking
amount
an
calculated
equal
fund
to
cumulative
(contingent
sinking
if
not
FUNDED
fund
paid!
earnings
on
aft^r
applicable to
be provided which is
payments
will
retire
of
week
the
For
production
Gas
of
22,888,000
the
12
week
ft.,
cu.
Association
reports electric output
increase of 96,245 kwh, or 0.78% above
for the corresponding week a year ago.
is
reported
18.06%
or
in the corresponding
ft.
cu.
12,
an
kwh.
1,306,672
of
increase
an
April
This is
for the April
output
753.000
ended
kwh.
12,402,917
of
Association—Output—
week
at
149,641,000
above
a
production
ago.—V.
year
ft.,
cu.
the
of
2011.
completion
this
of
the
financing,
com¬
Association
This
ended April
week
sale
constituting
reduction
net
a
The
comparable
163,
V.
14,
of
the
has
company
sinking
company's
Nov.
New
1961,
15,
of
for
the
week
the
over
ended
April
6,
corresponding
1946
week
which
redemption
of
102',2
first
and
May
on
mortgage
interest.
year.—
oper.
Operating
15,
3Vf %
next,
will
162,
at
677.
p.
public
$9,723,097
14,127
rev.
13,648
to
24,349
22,964
$20,049,336
Operating expenses
7,373,405
6,619,474
5,134,878
5,426,130
Operating taxes
1,137,946
452,118
2,459,645
Net
$1,197,619
$1,943,003
$2,675,233
799,556
759,075
1,878,975
income
V.
163,
$3,280,471
1,617,762
1869.
p.
the
Chicago & St. Louis RR.—Bonds Offered—
syndicate headed by Halsey, Stuart & Co., Inc., on
April 17 publicly offered at 102.36 and accrued interest
issue
of
series
F,
$41,500,000 refunding mortgage 3% bonds,
due April 1, 1986.
The issue was awarded
April
16
on
bid
a
of
101.529,
interest
net
a
cost
of
about 2.935%.
for
similar
a
coupon,
interest
net
a
price of
a
cost
of
were
Principal
office
bo
or
m
1946;
April
the
of
registered
Bonds
in
be
company, and in part
initial redemption prices
the
principal
amount,
ISSUANCE—Issuance
state
equipment
The
plus
and
be
payable
the
bonds
Definitive
at
will
principal, in denom. of $1,000 and
$1,000
in
whole
through
and
authorized
in
or
operation
106%%
accrued
sale
York.
of
being
will
part
of
and
at
the
multiples
the
and
are
of this
most
subject
sinking
1023a%,
authorization
to
fund,
respectively,
by
INVESTMENTS—In
Halsey,
amount
Stuart
&
are
the
opinion
of
counsel,
Allyn
Co.__
and
these
bonds
will
and
E.
Co.
Aub
&
100,000
.
.
ment
debt
was
250,000
100,000
Jack
M.
&
Bass
Co.
&
Co.
Baum, Bernheimer
Bear, Stearns
Bioren & Co.
Blair
&
A.
Co._
and
other
total
debt
it
has
but
been
and
bonds
to
&
&
Davenport
&
The
Dempsey
Si
Lynch
200,000
Patterson,
800,000
&
Clement
_
Co
Co
duPont
Peters,
Dec.
and
the
and
not
L.
*
to
of
an
Nickel
quality—both
He
offer
&
Co.
&
stocks
Plate
that
—
Co..
CoftwiQh
Rothschild & Co.
Rossi I
Brothers
hPtIn' Burns &
Inc.
_
have
and
_
com¬
1936
stock
companies,
company.—V.
163,
of
issued
in
286,389,592
$51,621,663
$13,192,445,
and
value
par
securities
the
for
stockholders
by
1945
the
representing
exchange
contributed
in
the
to
con¬
2011.
INCOME
Freight
show
no
will
year,
transactions
from
reduction
be
realized
in
Ohio
&
Railway
to
of
Chesapeake
were
.
&
such
of
the
by
that
Nickel
FOR
Nickel
of
proceed
Lake
&
Erie
CALENDAR
and
Plate
exchange."
the
with
Ry.
were
&
O.
plan
—V.
163,
&
$
1942
$
85,195,311
4,661,218
3,391,892
2,042,606
287,573
279,910
314,379
314.897
304,531
231,563
1,135,553
1.040,243
152,737
138,324
101,890
Thomas &
800.UUU
100,458.548
100,093,565
88,742,412
& struc.
12,717,142
10,633,077
8,404,378
6,984,222
equipment..-
of
"Maint.
25,552,825
15,030,896
13,381,879
10,597.044
way
of
Traffic
150,000
Weil
Misc.
Operating
Operating
&
Co...
General
Net
Net
oper.
on
gold
interest
of
RR.
2 % %
will
be
consolidated
paid
beginning
gold
mortgage
5%>
York, N. Y.
New
1946—2 Mos.—1945
$23,180,550 $52,773,537
$48,217,769
94,737
67,029
27,747
$25,361,099
$23,152,803
17,273,730
13,968,269
34,913,229
6,539,368
9,738,971
14,107,825
$3,514,080
$2,645,166
$8,026,600
$5,460,135
2,247,030
7,355,764
4,660,209
.
income
163,
$52,678,800 $48,150,740
28,582,780
1572.
p.
Newcor Mining & Refining Ltd.—Stock Offered—Tellier & Co.
of
(New York) made a public offering April 18
shares (no par) at $1 per share. Pro¬
500,000
common
from
the
sale
will
be used for completion of a
working capital to be applied
payment of wages, purchase of supplies, etc., when
production gets under way, and for underground and
surface exploration.—V. 161, p. 1246.
construction program, for
to
Niagara Hudson Power Corp.—Preferred Dividend—
directors
share
per
ending
April
April
24,
which
to
1946,
1946.
$16.25
The
A
the
and
series,
1,
of
just
of
three
record
1,
Aug.
declared,
$1.25
months
of
Feb.
on
since
issue
dividend
the
holders
to
made
was
this
on
the
dividend
for
1946,
distribution
dividend
elected
the
following
President;
Norman
Vice-President
Morris
last,
1942.
1,
will
amount
L.
Collins,
Vice-President;
Assistant
corporation:
Otto
Snyder,
Charles
Brett,
George J.
the
of
Machold,
Vice-Presidents;
Secretary;
Tracy,
officers
Edmund
H.
Gibson,
R.
and
William
Treasurer;
May
share.
per
Machold,
Haley
similar
payment
quarterly
a
stock, 5%
payable
first
after
directors
J.
dcclaied
16
first preferred
30,
was
Arrearages,
April
on
the
011
and
H.
Morrell,
W.
Jackson,
James
Controller;
John
Tatter-
A.
Vice-President
Arthur
James
M.
Seay, Herbert S. Howard, Pierre L. Touchelte and John
Williams, Assistant Controllers; Hairy F. Jensen. Assistant Treas¬
A.
and
urer,
Mr.
Albert J.
Brett
had
Danaher and
been
Controller
John
since
G.
Benack, Assistant
1941.—V.
163,
Secretaries.
2011.
p.
This
corporation
has
purchased the manufacturing facilities and
inventories of Oxford Taftlk Radio
Corp., Chicago,
111., makers of
radio speakers, and has formed the Oxford Radio
Corp., as a wholly-
1,608,605
1,567,299
owned
28,838,778
25,543,714
subsidiary
ducted
by
46,105
45,723
51,946
2,468,761
2,306,142
1,726,286
72,082,614
60,618,755
46,470,511
42,271,902
22,827,546
oper.
13,484,515
39,839,793
54,585,405
45.508,061
Cr3,424,663
23,173,015
26,564,020
exps
revenue
Railway
accruals
tax
Operating income
Equip, rents (net)
Jt.
facil.
_
16,909,178
oper.
18,944,040
5,100,310
19,444,356
5,688,496
676,502
607,385
578,529
532,879
11,290,714
13,265,201
13.222,981
804,191
income
4,768,679
12,402,778
net) (.
16.666,778
3,829,898
...
rents
Net
rv.
Dividend
income
Other
900,740
1.193,925
1,087,059
-
.
.
453,434
507,940
516,625
401,894
13,660.403
12,699,394
14,975,751
14,711,934
206,345
162,958
187,043
187,376
3.924
5,366,906
3.868
5,308,644
5,327
5.595,356
In
of
Oxford
Noma
the
to
be
will
be
made
A.
Robert
to
Adams
Oxford's
by
Oxford
been
8,083,229
7,225,924
9,lb8,026
to
his
Corp.
Vice-President
Treasurer.
8,690,571
commission
from
Chairman
Folarized
income
deductions.
Rent
lor
...
.
debt
on
Colonel
Inc.
applied to skg. and
98,853
98,134
9,089,173
speakers
and
Corp.
will
facilities
several
accommodate
radio
held
will
sales
be
times
Oxford
by
the
Co.;
continue
was
recently
Electric
Assistant
Co.
to
the
of
Secretary
relieved
from
with
Prior
Electric
Noma
Ltd.
Co.,
P.
and
active
Command.
Service
Electric
Manager
as
Corp.;
Joseph
Manager;
associated
Noma
Rad'o
Oxford
Davis
Technical
he
Noma
and
General
E.
was
Air
of
of
General
David
Proctor
Army,
board,
and
and
President
been
President
Canada;
of
Ltd., London; President,
President, Mr. Sadacca.
both
Oxford
and
Tartak
Elects New Director—
John
Bess
Corp
Mr,
8,592,438
758,333
funds..
reserve
the
has
con¬
Noma>
Cinaudagraph Speakers, Inc.
aries
in
has
to
been
elected
replace
is
Bess
President
^
other
of
in
as
Products
Adams
tric
income
Net
1933
"to
of
roads
leased
equipment
Interest
Mr.
formerly
President
manufacturing
Radio
elected
Treasurer:
as
Sadacca,
manufacturers.
has
as
Jr.,
Assistant
that
filled
radio
Proctor
Wharton,
business
the
on
Henri
and
improved
production."
Orders
for
former
Tartak
carry
acquisit'on,
Corp., stated
considerably enlarged
the
to
Tartak*
announcing
Electr-c
3,532
5,830,455
income
Total
balance
Income
in
7,225,924
7,324,896
amortization,
1945, $5,882,485 in
depreciation
and
1944, $4,909,687 in
GENERAL
BALANCE
retirement
of
$17,905,029
1942.
1943 and $3,192,952 in
Sinking funds
Capital and other
portation
the
cf
the
to
the
board
cf
directors
of
Elec¬
Noma
Joseph
President
Estate
durable
P. Walsh, resigned.
Refrigeration Corp. of America and ViceStove Co., both wholly-owned Noma subsidi¬
of
household
Investments
in
Company..
300,000
Temporary cash
&
100,000
Co
1,500,000
Stubbs
Loans
ana
Traffic
bal.
&
from
accounts
current
Deferred
goods
field.—V.
163,
2011.
p.
and
The
company
17,598
conductors
April
on
If
of
Co.
the
the
r> 0^1
program
North
'
ment
4,850.615
Electric Illuminating
receivable
4,964,345
34,559
5,044,310
347,481
388,469
-835^776;
742,073
~u!
_"i—_
-a
unit"
ington
73,272
273,068,182i 286,389,592
l
One transferable warrant providing for purchase of a
5,258.743
74,558
56,219
the
following:
(1)
1,554,319
*
with
program
is approved by the SEC and carried out, each share
common
stock, in effect, will be converted into
1,995,947
receivable
three-phase
a
American
1,342,207
assets
filed
18
The program cairn .for distribution
by North American of all of its
holdings except Utuor^Eleqtric Co. i(of/Missouri and Illinois Power Co.,
after which the
Homing company's naipe will be changed to Missouri-
1,251,650
assets
Company Owning
Securities'and Exchange Commission for compliance with Section 11 of
the Public Utility
Holding Company Act, constitutionality of which
was affirmed
recently by the Supreme Court of the United States.
receivable
Unadjusted debits
Total
Files
—
Other Assets—
Illinois
53G
Co.,
500,000
Co.
Program of Integra¬
tion in Complying With Holding Company Act—Com¬
pany Proposes to Integrate Illinois Power With Union
Electric—To Offer Rights for Stockholders to Acquire
Ohio, Wisconsin and District of Columbia Properties—
1,329,959
balances—Dr
agts.
dividends
and
Accrued
Yantis
service
Interest
Other
100,000
and
9,400,000
matured
supplies
150,000
:
divs.,
receivable
accounts
150,000
Wag¬
int.,
612,387
9,400,000
(U. S. Treasury notes)
pay
Miscellaneous
Wurts, Dulles & Co...
:
car
receiv.
(to
etc.)
bills
and
Harold E. Wood & Co.
&
invests.
9,055,667
9,236,098
162,581
^
Material
&
500,000
Neal
debt,
8,854.036
-.-s
-it
deposits
funded
Net
200,000
Weeks
investments
3,396,557
9,061,050
8,968.635
3,979,316
transit
8,947,418
(net)..,
companies
treasury
in
607,785
174,689
8,907,405
<funds_L_J
property
affiliated
Cash
Special
.
$
208,689.595 221,352,484
uux—
reserve
physical
in
Cash
100,000
1944
American
North
To Give Stockholders Shares of New
property..
Miscellaneous
&
31
$
Other
Arnold
DEC.
trans-
100,000
Dabney
SHEET,
1945
in
200,000
ford
S.
made
be
50,424
income
1,682,470
ASSETS—
White, Hattier & San-
Inc.
will
mortgage 4%
3,170,348
operating
30,757,446
2,516,760
Total
300,000
Wertheim
F.
first
1946—Month—1945
taxes
77,578
Co...
600,000
goner
Chester
4,573,289
expenses
1,881,459
operation
100,000
250.000
100.000
Port
$25,411,523
revenues
29,336,850
Transportation
Corp.
Townsend,
Tyson
Wyatt,
&
87,815
85,567,123
"Investment
Com¬
American
100.000
that
rev,.
870,739
200,000
&
Co
Walter Stokes &
Whiting,
1946,
Telephone Co.—Earnings—
oper.
Controller;
$
94,975,099
revenues.
oper.
100,000
&
Starkweather
200,000
1943
1,178,997
1,500,000
Cb.._.
&
Scranton
1,200,000
100,000
1944
296.963
"Includes
Inc.
&
RR.—Interest—
1,
Noma Electric Corp.+— Further Expansion—
Total
&
Inc.
Simon
Swiss
May
City Bank Farmers Trust Co.,
revenues
Operating
L.
YEARS
Hutton &
Minton
M,
River
Housatonic
the
at
York
Uncollectible
Earle
93,920,981
Misc.—passenger
Hartford
due
1870.
p.
New
the
on
1937,
Operating
to
C.
its
stocks.
3,733.292
250,000
pany,
Harlem
announced
1946
due
The
character
proposed
withdrawal
Plaie
Wheeling
$
.
also
1,
pre¬
market—that
the
benefited
ACCOUNT
_
the
on
was
May
bonds,
Mr.
that the
Ohio which
management
your
290.721
Passenger
Mail
&
payments
merge
withdrawn,
was
79,914,419
__
Haven
following interest
date:
ceeds
entire
the
for
subsequently
feels
that
shares of
p.
bonds, due 1954, at the Irving Trust Co., New York, N.
and
(2) 2%
011 the Naugatuck RR.
first mortgage 4% 50-year gold bonds,
due 1954, at the Second National
Bank, Boston, Mass.
the
28.05%,
rates
in
greatly
Operating Revenues:
1,500,000
1,500,000
W.
Sills,
200.000
co..::::::-"son-Hagan, Inc."
Since
charges
holders
security
essential
100.000
Chas.
I.
Cor-
&
Bros.
Co.
1,500,000
...
capital
constituent
(1)■ 2%-
year.
interest
year,
a
1936.
the
cut
1,200,000
Scott, Horner & Mason,
1,500.000
and
amortization
tlncludcs
250,000
Inc,
500,000
100,000
500,000
Co.
Schwabacher
x
Co.
in
interest
the
oi
management
it
additional
GENERAL
600,000
Co
Pomeroy,
100.000
1,500,000
1,200,000
& Co".IllII
Bruce & Co
that
equip¬
and
during
rates
$3,820,000
or
Chesapeake
opinion
intrinsically
makes
and
_
Hutzler
Co.
Haupt
Lehman
&
Schoellkopf,
Ander¬
son,"Ync.I
&
lower
notes.
which
would
adds
offer
acquire
&
Co
&
Salomon
500,000
jYlman & Co., In"cII_
LiHnYTaylor & Co.__
T,burg, Thalmann
«
F.
500,000
Hall
and
1944.
other
debt
its
bond
$3,751,695
at
outstanding
lower
Davin
offer
common
stockholders
Robinson-Humph¬
400,000
Hallgarten
100,000
Writer
rey
son
HaTrnsInc.
Inc.
Riter
&
Lord
&
bridge
passenger
and
all
total
1945,
of
$7,502,000
interest
Mr.
considered
Misc.
Copeland &
100,000
Co,
its
in
company's
solidated
teletype,
duplicate interest while-the
the
011
31,
$44,984,179,
the
of
years,"
Plate,
was
offered
150,000
Putnam
Cleveland
Granbery, Maraclie
depreciation
1,872,435
46,659,218
of
500,000
Co.
100,000
&
Corp.
Dlore. Forgan & Co._
'a
ham,
Parsons
&
Ellis
200,000
Co..
Christensen, Inc.
Evans" "&
A.
the
of
15,880,880
710,000
duty from the Army Air Forces
Co....
&
R, W. Pressprich & Co.
The
150,000
500,000
100.000
200,000
500,000
Co.
&
O'Gara
Kendall,
1,500,000
Inc.
Gregory
Newton
250,000
First
&
M.
&
500.000
Co
of
states:
ferred
200,000
150,000
&
I.
Gieen_
Co...
Minsch, Monell & Co.
Moore, Leonard &
Inc._
_
15,880,880
51,966,922
273,068,182
"After
John
150,000
Corp._
Co.__
surplus
$35,214,491
Miller
Milwaukee
E.
Co.
Ha
C.
Co.
Alfred
Merle-Smith
Francis
Hm
B'h
R.
&
150,000
500,000
&
&
Day
Co..
150,000
W.
100,000
Co
Tbe
Co.
E.
Co.
Co
Courts
Cnittenden
report
sections
several
on
operations
refunding
were
pay
1945
benefits
two
approximately
1944
reduced
new
future
Nickel
Net
Metropolitan St. Louis
Sees.
Cooley
2,528,965
(appropriated)
more
the
contemplated
control
reduction
to
in
completed,
the
and
and
charges
necessary
Commenting
100,000
Corp.
Burr,
150,000
100,000
Nashville
&
200,000
Co.
Co
800,000
&
1,382,536
3,424,215
credits
(unappropriated)..
and
100,000
&
Ross
Secur.
Coffin
and
1945
automatic
in
On
a
the
was
being
1944,
1946
have
Hutchinson
Mullaney,
Carroll
1986,
Co..
&
Mather
400,000
Clayton
Dick
Masten
Co._
B.
in
signals,
improvements,
both
the
debt
$5,310,000
"Because
and
obligations.
$115,360,222,
fixed
with
pared
com¬
Co..
Inc.
1,500,000
&
C|ty Securities
L.
&
&
Company. Inc.
Burr &
allowed to wait
not
was
during
Wm. J, Mericka & Co.,
100,009
1,500,000
Inc
Blair
E.
100,000
Co.
1,
the
respectively
Moran
Morris
100,000
100,000
Co..
William
John
&
699,829
163,657
Period End. Feb. 28—
completed
traffic
refunded
in
reduction
"Maint.
100,000
Barrow,
Leary
of
due April
they
McMaster
100.000
Co.
F,
which
Mason,
Baker, Watts & Co.__
The Bankers
Bond Co.
B-
Series
bonds
800.000
Atwili
Mr.
Plate
way."
equipment
Plate
Misc.—freight
purchasers
follows;
Co.,
Inc
several
bonds.
such
as
$4,050,000
C,
A.
of
the
of
Co.
Inc.
Allison-Williams
A.
1,663,363
surplus
physical
railroad
in
your
planned
carefully
was
were
installations,
Express
PURCHASERS—The names
pany s refunding
mortgage 3%
purchase
22,267,517
liabilities
surplus
^-V.
The
Pennsylvania.
to
1,054,424
liabilities
Earned
states.
program
made
centralized
wide
Nickel
equipment
the Inter¬
legal investments for savings banks in
California, Maine, Massachu¬
setts, New Hampshire, New
Jersey, New York, Ohio, Rhode Island and
Vermont and for
savings banks organized under the general laws of
principal
963,496
payable
Earned
sall,
be
the
11,894
1,445,263
3,767,663
accounts
tUnearned
140,086
235,347
accrued
important improvements were under¬
these
under
now
of
report
1945
agreed
$15,341,077,"
enable
needed to
are
the
improvements
and
1945
than
option
interest.
Commerce Commission.
LEGAL
completed
not
but
approximately
program
execution
interlocking plant
"It
(A&Oi
New
to
as
denom.
redeemable
the
the
of
of
thoroughgoing improvements
peace
improvement
such
renewals,
1986.
in
company
form
will
1,
interest
form, registerable
coupon
operating
authorized
rail
new
competition,"
installation
line,
the
duo
semi-annual
agency
in fully
thereof.
of
1,
and
of
operating
period.
begun
Davin
April
return
and
Among
ap¬
proximately 2.99%.
D.iteri
and
expenditure
for the coming of
peace. The
taken
promptly. Several of
were
Smith, Barney & Co. and associates offered
100.32
increase
freight.
A
an
the
post-war
war
In
New York
328,666
1,093,586
accrued
It
projects
further
a
long-range
notes
income
and
noting that in the years 1941 through 1945 Nickel
$32,570,164 on road improvements and new equipment.
"A
2,145,659
$18,349,071
traffic
states,
meet
$18,372,035
$9,014,595
operating
2,976,633
1,275,613
878,867
New York, New
April 9.
on
"With
$20,073,685
expedite
require
structure
1946—2 Mos.—1945
$9,028,243
to
"Construction
will
Davin
Co.—Earnings—
1946—Month—1945
revenues__
1,878,400
3,776,624
payable
unpaid
interest
Unadjusted
1,450
200,724
119,111,917
payable
wages
unpaid
matured
current
The
efficiency in the
post-war competition for business, this
company now
is undertaking
extensive improvements to property which were postponed in the war
period
by
scarcity
of
manpower
and
materials,
John
W.
Davin,
President, states in
the
1945
annual
report
to
stockholders made
A,
made
be
of
series
bonds,
Payment
out
$9,708,970
Net
there
Moving
spent
New England Tel. & Tel.
Pmcd End. Feb. 28—
Uncollectible
and
accounts
matured
Deferred
22,650
1,450
'200,724
A
balances—Cr
service
car
Other
Annual Report—
62,-
was
last
Co.—Partial Redemption—
for
$97,000
revenues
A
series
115,360,222
accounts
Unmatured
.
for
England Trust Co., trustee, Boston, Mass.—V.
Operating
series
stocks,
principal amount.
0.32';
at
pfd.
Total
refunding mortgage 334% bonds, Series D, due Jan. 1, 1975,
are
outstanding in the hands of the public $41,796,000
the
called
fund, monies,
due
available
and
Dividends
bonds
for
New England Power
The
hours
2011.
p.
The
kilowatt
as
figure
increase
an
of
stock,
preferred
cum.
debt
Miscellaneous
Interest
36,057,771
22,650
6%
on
Long-term
Traffic
33,746,734
30,057,771
series A
stock
cumulative
of
1935
since
proceeds to be received by the company from the
($42,134,535, exclusive of accrued interest), together
funds from its
treasury to the extent required, will be applied
the
redemption on July
1,
1946,
at
105 >/2
plus
iterest, of
the
of
62,505,178, compared with 61,273,741
1945, an increase of 2.01%
1946
week ended April
the
523.876
to
Association—Weekly Output—
number
reports
13,
6%
Premium
53.5%.
with
New England Power
Common
.
33,746,734
preferred stock,
liability for conversion:
PURPOSE—The
126,-
p.
163,
$3,467,000,
approximately
stock
cumulative
Stock
Taxes
DEBT—With
debt outstanding in the hands of the public will consist
$99,500,000 refunding mortgage bonds and approximately $14,895,000
equipment obligations, a net reduction
in
total
debt
since
1935
of
$48,180,000, or 30%.
Annual requirements for interest and other fixed
charges based on the company's capitalization to be outstanding will
approximate
6%
Accrued
pany's total
Electric
LIABILITIES—
Common
Audited
line.
approximately $16,000,000 principal amount
to their maturity date, if all payments are made.
prior
listed
were
owned by
additional
and
SINKING
of
railroad
operated under lease or
trackage rights, on all equipment owned by the company, including
its leasehold or other interest in
equipment subject to equipment obli¬
gations, and on certain real estate and securities specifically conveyed
or pledged under the
refunding mortgage.
Company owns 1,628 miles
3.59c
amount
Total
lien,
of
New England Gas &
2161
consisting
Railway
and
rractional
of
shares
of
Tne
"divest¬
Cle
■-
<ird
Co., Wisconsin Electric Power Co., Wash¬
Electric
Co.
and
The
St.
Louis
County
Gas Co;
(2)
4
One
share
which
will
Electric
(3)
of
own
Co.
of
common
the
One share of capital
will own the
stock
entire
Missouri
of
Missouri-Illinois
outstanding common
and
stock of
Illinois
a
new
Power
Company
stocks of Union
Co.;
Delaware Company which
oti^r assets of North American not covered by
THE COMMERCIAL & FINANCIAL CHRONICLE
2162
the
Delaware
new
owned
not
and
warrants
ine
Missouri-Illinois
by
Company,
Ohio Associated Telephone
will not be a public utility hold¬
Company
Period End. Feb. 28—
ing company.
The
in
North
1890
Operating
American
has
and
Co.,
Jersey
New
a
engaged
continuously
since
corporation, was organized
in the business of acquir¬
stocks and other securities, principally
in
the electric utility ne.u.
me company became a 'regis¬
tered
holding company" under the Public Utility Holding Company
Act
and, in April 1942, tne »EC entered an order directing North
American
to
invest
it_eif oi
pi»c>icany all of
its investments oihei
than Union Electric Company o: Missouri and The St. Louis Gas Com¬
ing and holding
of
the Second
Appeals fcr
of
United
ine
Under
its
stock
Eacli
unit.
is. ue
Holding
the
with
compliance
to
Company
of
fifth
and
way
The
Si.
sale
ot
bank
of
of
Electric
Louis
the
Co..
which
Electric
o;
unii
if
wi 1
amount
now
of
stock
of
used
to
Co.;
one-
be
of
ties
their
by
changed
these
be
257
Operating revenues..
Operating expenses
Operating taxes
$115,140
$106,254
$230,264
$212,914
65,925
58,612
133,178
118,960
20,005
30,998
37,711
54,503
The
proceeds of
off
the
the
Company's
The
North
American
Missouri-Il inois
to
outstanding
retained
the
the
of
name
The
electric
Net
and
such
current
only assets
assets
as
of Missouri-Illinois
and
the
its
alsc
dissolution
stock
will
the
N:rth
paid
off
the
cash
the
Company
of
arrears
certificates
Power
Company
common
Illinois
Light
for
each
of
share
the
for
exchange
shares
two
4'lOths
The
value
of
of
of
a
program
Illinois
the
of
its
dividends
outstanding
their face
the
Co.,
Power
accrued
stock.
common
and
&
and
par
all
at
payment
dividend
Power
at
receive
redemption
stock,
preferred
American
in
w111
Missouri-I'linoi>
contemplates
Power
of
be
stockholders
common
of
share
Illinois
share
one
of
phase cf the program provides for the organization of a new
the stock of which in due course would be distributed to
company
North
the
American
by
means
would
be
The
of
divided
the
The
equity
fcr
various
its
among
present
claims
and
North
parent,
company's
the
elimination
dividends
all
Electric,
in
Illinois
Power
Of
the
properties
The
Cleveland
and
131
subsidiaries
Railway
tricity
surrounding
rapidly
territory,
Operating
Net
Net
and
its
163,
in
and
dividend
position
to
pay
population
a
miles. Union
population of
a
of
Electric
2,175,000
in
of
liquidation
Utilities
bonds
sales
other
of
Louis
city
Cleveland
to
of
communities;
utilities
city
St.
electricity
serves
Wisconsin Electric Power Co. and
367
and
the
Corp.
will
in
be
Great
of
of
use
which
Gas
Co.
D.
supplies
Louis.—V.
St.
Washington
provide
Washington,
and
in
gas
163,
elec¬
C.,
the
1870.
p.
by
Northern
4''
stock
Great
Securities
Northern proposes to se'l
Montana for 89^3 sco.
in
parent,
of
and
Co.
of the
payment
company
North
principal
Continent
outstanding
on
Exchange
its
Commission
8910,683
$2,185,259
$1,795,990
830,853
2,147,727
1,676,452
Electric
of
for
675,000
their
each
of
of
shares
its operating properties which are
subject to adjustments, and to apply
owing its parent.—V.
change
Commission
Co.,
a
to
sell
subsidiary,
$2,400 000
subiect
to
March
its
to
29
holdings
Bear.
certain
162,
2822.
p.
by
in
Stearns
the
the
&
and
Northwestern
held
that
it
was
the
necessary
transaction
to
This
is
all
Ex¬
7r'<
of
of
The
made
preferred
outstanding
the
The
T>
1946,
stock
$4,247,250,
last
stock
right
the
at
into
stock
held,. Merrill
the
of
shares
675,000
of
rate
Public
shares
6
Lynch,
shares
of
price
of
Pierce,
exclusive
a
deposited
will
time
its
Chicago.—V.
part
163,
of
of
sale,
stock
of
the
be
of
the
sale
company,
when
for
St.
redemption
the
date,
and
owned
understood
Halsey, Stuart
are
&■
that
Co.,
two
investment
1946,
the
received
loans
thereunder
112,500
or
called
be
old
The
for
plans
of
stock
preferred
the
of
com¬
the
Inc.,
other
groups,
Harriman
by
Ripley
may
preparing to enter competition for any
offer for sale incident to a refund of its
due
Aug.
1,
1973.—V.
163,
led
one
&
Co.,
securities
new
■
Maint.
date
by
such
of
all
31,
1946
loan
in
reduced
sale
of
notes,
hold
its
the
by
the
to
tne
the
has
shares
of
of
each
of
of
be
made
of
$5,672.
the
from
by
from
for
the
stock
the
net
31,
pro¬
company's
later
of
such
the
presently
and
bonds,
serial
of
shares
notes
and
number
of
Preferred,
use
of
shares
contemplates
shares
debt
outstanding
be
to
notes,
of
addi¬
applying
to
Street
and
the
serial
Feb.
be
to
1,
to
are
stock
reflect
stock
and
the
in
date
the
issuance
and
redemption
146,478
of
shares
of
follows:
as
2'14 '<
15
of
of
$20)
(par
proposed
notes
1975.
used
from
$100
Outstdg.
*
cell,
in
Electric
totaled
States
output
of
46.530,000
Power
this
as
(Del.)—Weekly Output—
fcr
company
kwh.,
corresponding week last
Co.
9,075,000
$20>.
the
17,412,100
indenture
trust
13,500,000
amount.—V.
163,
15,000,000
securing
these
bonds
the
compared
year,
an
week
with
ended
April
4io,170,000
increase of
0.8'.
.—V.
13,
kwh.
163,
1946,
1870.
p.
for
it owed
had
on
The
in
corporation carried
any
previous
General
1,818
The
year
was
pared
in
the
number
The
month
Manager,
over
31,943.
revenue
with
March.
ot
revenue
its
The
passngir
19,574.139
1945.—V.
mile
during
163,
Taxes,
total
this
February
$5,498,205
Operating revenues..
Operating expenses
Operating taxes
85,491,606
.
....
v
"?omC
lbJ, p.
income
3.739,641
903,356
8848,609
832,540
Y=V,
lo73.
22.669,110,
year,
and
'
6,599
—V.
was
this
1573.
p
rev.-
operating
March
of
in
14 042 958
that
12 Months Ended
Feb. 28—
Tnhaf oper.revenues
Total
revenue
nnM
Net
Othei
operating
income
history,
of
Gross
Total
Net
revenues
inet)
income
income
$9 920 201
$4,875,706 811.034,044
3,094,861
7,499,256
$9 906 534
' 13^667
fcr
but
income
1,135,867
1,824,134
2',33L674
$644,978
$1,710,654
$1 254 892
Following
mercial
the
Sales
months
1,136!877
"'Y-'':;'.
Y'TV;''/ i-'f'-'
ti.
1945
f
'TV1
1944
$5,562,120
85,512,003
5,074.386
4,616,610
4,453,426
81,134,388
$945,510
and
the
p.-.* S3-'' ''
1945
earnings for
service
gas
its
efforts
end
of
6'r
debt
the
the
on
About
in
sizable
bonds
The
and
stock
common
has
company
bonds
discloses
the
in
its
and
will
l'r
the
field
of
be
of
retired
revenues
slightly
below
operations
during
promoting and
to
and
lines
53,000
in
1945
central
the
and
cubic
and
in
of
of
the
billion
company's
and
1944.
si 199
of
a
parison
before
$959,570
$1,066,776
480,639
449,948
421,891
in
the
12
this
of
with
in
tion
from
1939,
of
close
8:;
above
number
of
connected
the
year
$2.16
were
were
1946
28,
in
the
rates
1946.
been
paid
heavy
of
war
the
were
generally
and
decreased
94.2%
49.5%
gas
Feb.
have
1945
rearmament
and
m
in
1945
electricity,
Early in
rate
because
stock
the
dends
served
$644,885
at
Principally
common
in
6,261,274
gross
war
of
peak
the
of
pre¬
customers
to
of
the
despite
of
com¬
common
th,e
in
share
In
year
for
70.0%■
of
of
com¬
normal
available
of
number
Commission
$3,500,000
negotiations
^
-u'-'J
last
earnings
increases
years.
per
years.
divi¬
in
sales
customers
revenues.
Railroad
v
21
several
as
21.2%
informal
:
13,193,83a
13,217,984
3,950,601
3,531,378
3,293,601
240,000
240,000
270.000
570,427
694,987
824,551
653,681
1,071,990
958,216
1,134,325
1.354,893
67,009,361
64,331,394
55,413,820
48,155,089
319,083
318,056
388,672
332.566
67,328,444
64,649,450
55,802,491
48.487.654
notes
ins.
in¬
and
damages._
and
Net
plan
exps
revenues
oper.
income
Misc.
income
Gross
Deductions
11,528,935
10,810,407
li,368,984
23,069,719
22,199,706
14,851,079
7,079,460
445,374
22,952,014
22,037,339
22,347,004
1,408
1,351
1,270
1,643
21,950,606
Fed.
12,462,932
33,847,495
for
Prov.
22,035,988
22,345,734
22,265,948
income
taxes
"Reductions
income
Applic.
to
minority
int.
22,267,592
Net
Pfd.
income
dividends
Common
"In
8,427,353
excess
erty and in
profits
8,409,850
8,409,820
8,399,527
12,522,548
dividends
12,522,548
12,522,548
12,522,548
taxes
arising
in
1943
from
loss
on
sale
of
prop¬
1944 from bond refunding operation.
CONSOLIDATED
BALANCE
SHEET, DEC.
31
1945
ASSETS
Property,
plant
Investments,
Other
and
hand,
Temporary
cash
Total
depos.
invest.
<U.
etc.__
deposits
S.
Govt,
secur.l
13,238,286
7,326,085
841,690
11,517,532
7.410,691
6,064,493
12,877,958
charges
99,881
14.021,724
supplies
deferred
6,156
2,988,507
13,344,133
10,256,163
deposits
receivable
and
4.434,310
5,506
3,812,325
and time depos._
notes
886,920
4,420,072
contracts,
special
special
and
Materials
and
demand
Miscellaneous
Accounts
977,309
long-term
funds
$
851,398,235 833,411,800
investments
investments,
sinking
on
equipment
subsidiaries
security
Other
1944
$
—
14,403,594
919,365,806 894,382,562
First
preferred
received
capital
on
minority
Funded
144,620,625
debt
discount
in
consolidated-
debt
meter
line
5,781,536
604,862
2,594,940
deposits
2,634,759
3,130,758
312,468
977,540
3,130,747
due
taxes
40,500
784.389
and
payable
bond
16,160
299,758,500
781,950
unpaid
16,600
308.528,500
publici
payable
interest
460,150
460,150
subsid.
5,682,440
by
outstanding
Accrued
156,533,925
and
stock
interets
(held
funded
over
144,620,625
156,533,925
premiums
expense
Total
stock
stock
of
189,234
interest, net due
for
current
Reserves
fcr
Reserves
for
insurance,
prior
29,025,005
182,519.833
29,843,931
years
pensions
for
905,561
and
Reserves
Res.
for
depreciation
amort,
of
and
amortization
204,633,507
8.063,254
casualties,
inv.
in
Std.
etc
Pac.
Line,
Inc.
2.737,219
Earned
surplus
627,217
_
Total
___
153,
p.
__
__
2,475.908
55,973,020
surplus
Capital
—V.
1,335,989
1,321,852
Gas
55,484.389
606,401
919,365,806
894,382.562
657.
Operating
i;
y (>7
-ty-:
fa:''.:
revenues
Uncollectible'oper.
1946—Month—1945
_
$12,109,241
_
43,224
rev._
Operating revenuesOperating expenses
Operating taxes
$12,066,017
Net
—V.
25,341
Mos.—1945
$22,407.84-.
14,749.6^
$11,021,867 $24,203,997
9,702,947
7.267,163
1,320,462
income
$22.461.1
53.33-
87,215
2,561,802
19.723.267
2,554.103
$1,042,608
$1,192,902
$1,926,627
797,916
operating
908,307
1.409,248
income
163,
.1946—2
$11,047,208 $24,291,212
5, 242,117
$2,415,078
1.852.018
2012.
p.
Parker Rust-Proof Co.—EarningsQuarter
Net
—V.
Ended
income
after
Der
161,
Dec.
common
p.
1945
31—
charges
&
share
taxes
1944
$208,117
$200,105
$0.48
$0.47
2791.
com¬
share,
shares
earnings
in
periods,
approximate#
After
14,119,103
4,645,309
Fed.
exps._
approximately
per
than
more
taxes,
gas,
operating
California
for
lowest
considered
14.5 %,
sales
15,025,383
100,000
gen.
electricity
new
outstanding in both years.
Cash dividends were Daid at the
quarterly rate of 50 cents per share, or $2 annually.
Except for a
temporary reduction during the depression years from 1933 to
1936,
dividends
1.463.848
17,976.673
accounts
for
Earned'
in
were
stock
There
1.254,384
19,268,994
com¬
kilowatt-hours,
reached
than
gains
meters
the
in
domestic
Deliveries
7l/2
gas
more
monthly
at
the
in
increase.
feet,
common
1,309,883
20,573,870
pro¬
Cali¬
iir active service.
were
$2.18
sales
Sales
additional
share
per
with
billion
1,489.718
20,920,853
doubtful
lor
Prov.
Net
recession
some
but
to
4,499.773
Pacific Telephone & Telegraph Co.-Earnings—
largest
stock
northern
approximately
record.
uninterrupted
Almost
pany's
1944
136
were
served.
totaled
year-
of
4,431,195
and
Pcrird End. Feb. 28
the
common
resources
development
hostilities,
437,313
4,739,784
2097.
p.
for
was
approximately
ceding year.
$1,058 577
14,080
customers
of
77-B
1950.
stock
$6,208,774
cf energy to residential
and commercial
increased 12';.—V. 163,
p. 657.
155,
report
continued
load
full
within
pared
$509,622
the
on
ordered.
was
$500,000
experienced,
classifications continued
There
Co.—Earnings—
$667,177
with
devoting
the
industrial
for
6319 968
$1,147,816
deductions
begun
in
fornia.
1946—2 Mos —1945
1946
down
interest
were
share
a
annual
electric
now
Earnings
._
$2
remaining
due
1944.
is
viding
13,428
deductions
Dividends
under
Corporation $800,000
bonds,
whittling
accumulated
Journal.")—V.
1,871,000 meters
Northwestern Electric
began
the
reorganization
Finance
6%
1 at par and accrued interest from cash on hand.
A dividend
share was declared, payable May
1.
The capitalization of
now
will
consist
of
39.370
shares
of
common
stock.
essential
$4,883,152 $11,048,011
7,446
13,967
1.676,950
$2,758,000 of
1,401,960
6,440,809
exps.._
income
on
and
Accrued
reviewing the year's operations, James B. Black, President, states
the company,
having met fully and promptly all demands for
war,
596,180
the
company's
its
those
In
Co.—Earnings-
when
that
Street
The
com¬
'
Reconstruction
company
back
of
Pacific Gas & Electric Co.—Annual
Report—
total
1946—Month—1945
revenues
Uncollectible oper.
Net
Croil
the
earnings.
1944,
a
1.406,517
6,398,051
1,448,382
6,902,355
5.331,378
than
other
Admin,
Dividends
company
("Wall
of
Northwestern Bell Telephone
Period End. Feb. 28—
Operating
during March than
Hunter, President and
was
38,520, an increase of
36,702,
established
last October.
revenue
passengers carried during February of this
and during
March, 1945. it was 21,297.
record
$2
the
passengers
history,
announced.
previous
of
more
good
July
of
the
ago
paying
May,
5.635,319
1,379,107
7,493,206
_
.
dcprec.
Customers'
above.
Inc.,
out
came
outstanding
announced
Northwest Airlines, Inc.—March Sets New
Record—
corporation
ago,
years
in
9,806.216
7,069,520
409,223
for
Bond
the
2011.
p.
7,367,606
12,340,818
6,602,439
accounting &
promotion
Drafts
Distillery, Inc.—New Name—
County Distilling Co.,
this
showing
6,390,536
14,404,975
expenses-
amortization
Matured
Oregon-American Lumber Corp.—To Retire Bonds—
amounts,
6,130,523
13,657,b92
LIABILITIES—
$9,075,000
_
35,810,000
expressed
Franklin
five
Northern
7,585,038
expenses.
expenses
Excess
(par
under
4,845.035
$35,000,000
equal
issue.
$201
(par
authorized
Old Poindexter
also
5,247,342
Total
share
per
preferred stock
unlimited
years
5,366,722
expenses
Common
stock
Amount
11
6,156,018
con¬
and bus dept.
ry.
Total
issued.
capital
preferred
$100)
(par
and
adjusted
cumulative
instalments
par
cumul.
and
138,592,685
7.833,966
com¬
by
$45,000,000 series C 3'bs
745.130
151,773,236
before
is the com¬
the
proceeds
it
stock:
When
730.479
807,709
purchased--
Distribution
Cash
due
,
by
for
authority to issue
is
specifically
reserved
for
later
such
long-term
7%
Fi 7
also
the
issued
are
aforesaid,
shares
the
has
of
outstanding
series
notes,
the
matur¬
payable
Authorized
semi-annual
of
notes
Commission
number
serial
outstanding
Common
726,479
865,547
to
under
agreement
premium
sale
as
company
Commission
new
made
annum
the
1946
outstanding serial
they may be prepaid
that
serial
stock
While
Exchange
exact
company authorized and
of
675,000 shares of 4%
mtge.
67,675,644
37,630,361
com¬
presently
the
new
issue
which
the
the
of
the
31,
loans
loan
the
the
provide
common
purpose.
and
shares,
if
of
stock
Securities
presently
39,629,387
the
extend
to
serial
per
The
waives
of
will
proceeds
and
to
this
common
banks
notes
shares
intention
$9,075,000
is
into
notes
making of
May
The
new
instalments.
prepayment
serial
the
consideration
46
rate
serial
$
43,304,999
the
entered
of
the
agreement
be
evidenced
the
the
upon
new
ratably
140,000
will
loan
fee
a
semi-annual
common
sale
the
of
the
to
are
payment
equal
that
part
1st
by
before May
or
amount
date
determin¬
interest
present
on
1942
Co.,
of
$4;247,250
in
company
any
under
loans
agreement
The
pany's
entitled
the
by
company
notes.
in
the
bearing interest at the rate of l7a%
15
provides
the
the
serial
which
prior
presently
the
reduction
a
to
not
of
YEARS
$
97,429,110
power_.
Transmission
Net
is
which
company,
ing
banks
the company
from
is
CALENDAR
1943
dept.
and
gas
at
stock
common
rule,
FOR
8
107,602,690
repairs
signed
Nat.
juries
it.
availability
to lend
$9,075,000,
by
company
on
July
Co.
1434.
p.
in¬
46,663,136
bus
and
Pension
stock.
The
Inc.,
that
one
Production expenses:
the
through
provided
shares
to
outstanding
the
agree
of
sum
the
eifectuate
to
with
agreement
ceeds
Cq.—Possible Financ¬
banking
from
112,676,585
..
Total
Prov.
Standard Gas and Electric
stock
common
presently
company's
loan
of
insure
to
whereby the banks
See
is
new
160,269,447
and
_ry.
Sales
exchange,
will
of
eventually
additional
company
date
ingit
a
Approxi
California"
small
among
1944
Revs.—
Other
Accounts
Northern Indiana Public Service
distribution
$
department
Prov.
shares
pursuant
the
a
783.
p.
Gas
depqjit
to
share.
a
the company's parent,
as
contemplated
the
'
pay
wide
STATEMENT
INCOME
department.
taxes
dividends.
cash
As
common
member.
to
930.725
Electric
112,500
first
expire
preferred
33,978,
accrued
such
bidding,
competitive
same
of
that
to
issuance
first.
occur
the
of
the
of
7preferred
was
been
the
involved
holders
the
to
had
should
able,
from
company system of which North West Utilities is
With part of the proceeds North West Utilities
debt of $1,000,000 to First National Bank of
Gross Oper.
Customers'
month,
exchange
of
preferred
contemplate
sale,
the
at
preferred
late
146,478
whichever
redemption
pany
preferred
exchange
for
remaining 33,978
shares of
redemption by the company at $125
bankers,
the
competitive bidding
simplification of the holding
the
cumulative
T>
shares
preferred
share
4'<
the
24,
Capital
exempted
Co.—Exchange Offer Com¬
The
New
investment
Co.,
adjustments.
by SEC
Securities
of Northwestern.
Commission
of
their
offer,
certificates.
April
shares
on
all
note
permitted
was
Service
and
3,910.468
Beane, dealer-manager has announced.
therefrom
properties,
North West Utilities Co.—Stk. Sale Permitted
The
The
7.009,904
2,165,296
81,164,365
cumulative
$4,875,000
stock
8,944,079
1.898,117
CAPITALIZATION—The
the proceeds to
for
3,416,856
income
exchange
shares
May 3.
located
$13,294,634 $12,716,362
$6,225,656
1,135,889
112,500
4'/
tional
Utilities
its
by
account
en
the
17,164
1,159.065
of
Fenner &
the
Co.—Hearing May 3—
proceeds
payments
heard
24,940
8,873
4,466,622
have deposited
new
this
from the holding company system,
indicating
each,
Other
Holders
mon
serves
square
shares
1945
1573.
p.
company
a
addition,
114,000,
100
CONSOLIDATED
88,766,876
taxes
operating
pany's
proposed
12,612
rev._
Oklahoma Gas &
of
In
About
increased
or
1946—2 Mos.—1945
$6,234,529 $13,319,574 $12,733,526
pleted—
and
miles.
North Continent Utilities
The
28,583
stockholders
company's
133.642, a gain of 12,567 within the year.
almost two-thirds of the total, reside in
or
85.6:;
of all stockholders, own lots of
82,000,
Purchased
Com¬
reduction
arrears
Power
controls
the
of
48,560
1946—Month—1945
income
—V.
of
dividend
serve
the
The
and
suburbs
be
stock.
communities;
and
11,188
$6,779,488
revenues
Operating revenues.Operating expenses
makes
effected,
reduced.
3,200
separated
Company
24,514
of
record
the
of
number
The
mately
to
Uncollectible oper.
assets
cancellation
Power
greatly
subsidiary,
square
for
Power
Illinois
would
Milwaukee
Electric
growing
be
common
transportation
the
A
Illuminating Co.
Ohio
serve
and
and
be
to
Electric
northeast
and
Illinois
be
aggregating
18,400
Power
&
preferred
together
would
Union Electric
Co.
Illinois
its
stock
remaining
Illinois Power would
place
839,451
'
with
between
Light
would
its
its
on
with
territory
territory aggregating
'
of
would
promptly
Unicn
1,440.000
and
of
$59,375
'
Period End. Feb. 28—
common
of Illinois
American
charges
certificates
arrears
.
prior
this
of
American's
Power Co.
counterclaims
$.17,495,000 in senior securities of
the
North
stockholders.
recapitalization
a
distribution
in
plan fcr integrating Illinois
calls
pany
stockholders.
which
$16,644
1573.
p.
Operating
is
third
829,210
income
Ohio Bell Telephone Co.—Earnings—
Missouri-Illinois
common.
A
163,
The
preferred
ally.
vestors.
Company.
Upon
operating
income
—V.
which
proper¬
single integrated system and
a
stocks
common
constitute
would
Co.,
Company.
Including
high
Net
850,750,000.
to
companies would constitute
entiie
to
are
Co.
Power
would
$213,171
281
Rail¬
The program
also provide; lor the liquidation
of North American
Light & Fewer Co.. an iniermxiiate holding company, and for the
ownership of the common stocks of Union Electric Co. of Missouri and
Illinois
$230,545
128
stock of
of capital
pay
of
one-fourtn
Power
Washington
share
one
share
one
Co.;
Electric
recapitalized.
be
of
Illuminating
ccmmon
v.nrn
units
one-fifth
Wisconsin
one-tenth
County Gas Co.
of
consist
w.l!
stock
and
divestment
loans,
tor
Ciewku: t
Tne
common
participating
one
$106,382
140
Act,
its stockholders transferable rights
o
unit
unit
divestment
share
one
divestment
one
stock
common
of
of
proposes
each share of North American
held, the purchase price to !:e not in excess of $6 per divestment
purchase
$115,280
oper.
$3,300,000
1946.
upheld
wa
Circuit
mately
1946—2 Mos.—1945
rev._
revenues
Uncollectible
States.
program
North American
to
the
Commission
the
but
courts,
1942 order of the Commission in
in both the Circuit Court
and, recently, in the Supreme Court
contested
North American
pany.
the
investment
lor
was made of
a
voluntary reduction of
approxi
annually in electric rates, to be effective April
is*
downward
adjustments
in
charges
for
electric
service to
military establishments and in resale electric rates
made
during 1945, these various reductions in the aggregate will
result
in savings to the company's customers approximating $7,500,000
annu¬
announcement
sion,
Co.—Earnings—
1946—Month—1945
Monday, April 22, 1946
ordered
a
reduc¬
annually,
effective
with
Commis-
the
Parkersburg Rig & Reel Co.—Places $4.25
Privately — The company recently entered in
agreements with eight institutions and four individua s
for the purchase by them of an aggregate of 19,000 shai »
of a new issue of $4.25 cumulative preferred stock oi n
par value at $103 per share plus accrued dividend tro
March 1, 1946, $1,900,000 of the proceeds received iron1
the sale thereof to be applied against the current 139,1
loan of $2,400,000, the remainder of the bank
I09"1tf)n()Q
converted to a long term bank loan payable $lu,Yranually beginning July .31, 1947, bearing interest at
Pre^erre^
Stock
The company contemplates the issuance
$4.25 prefererd stock on or about April 30.
per annum.
the
new
^
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
Volume
Increases Commpn Stock and Approves New Preferred
Shares—Old $5.50 Pfd. Stock Caiied for Redemption—
stocknojders on Apia 5 increased me autnorizeci common stock
200,000 shares to 250,000 shares, par $1, and approved the isnee of the new
$4.25 preieired stock referred to above.
The
from
1
On
Feb. 8, last, the remain.ng 24,000 shares of $5.50 cumulative
nreferred stock, without par value, were called for redemption on
Much 25, 194o, at $103 per share and dividends. Payment is beingmade at the office of the company in Parkersburg, W. Va. The other
of $5.50 preferred stock were redeemed on Aug. 15, 1945.
10CO snares
Report—A. Sidney
stated in part:
Annual
March 15
Knowles,
President,
on
reconversion to peacetime operations, possible additional
for
and excess profits taxes, general contingencies which mayhave arisen through operating ,in a wartime economy, etc.
Consolidated net current assets as of Dec. 31, 1945, totaled $4,income
in
the
military
requirements for cil,
demand for the company's products has in
recent months been somewhat reduced
in domestic markers.
Export
business on the other hand has increased somewnat but, on balance,
sales are currently running below the average of 1945.
ACCOUNT,
INCOME
CONSOLIDATED
YEARS
ENDED
DEC.
1945
Net
sales
Cost
of
Selling,
Investment
income
Sinking
transportation
and
$2,258,660
32,840
33,508
—
$1,093,231
expense
and
State
and
income
and
adjustments
prior
of
416,570
155,000
1,546,956
130,000
and
Cash
in
Cash
in
reserve
physical
in
-
$512,840
227,500
227,500
$2.07
share
common
per
ASSETS—Cash
cost
market),
or
for
serves
$42,204;
hand
on
receivable
accounts
total,
deposit?,
S.
Treasury
Canadian
Other
temporary
tured
Loans
payable
bank
to
July
(due
average
(after
re¬
charges,
deferred
31,
$187,500;
1946),
$199,449; accrued Federal and State income taxes
(after deducting $155,000 U. S. Treasury tax notes), $296,210; other
accrued
taxes,
$35,932;
accrued
payrolls,
expenses,
etc.,
$73,651;
payable,
for
stock, no par value
(called for redemption effective March 25,
1946), $2,400,000; common
stock ($1 par value), $182,000; capital surplus (donated and paid-in),
$481,920; earned surplus, $2,411,323; total, $6,815,003.—V. 162, p. 2518.
reserve
$547,012; $5.50 preferred
contingencies,
NOTE—For
possible
order.
mechanical
reasons
it
is
Net
cash
balance
Material
debt,
bills
and
Accrued
accounts
of
193
1,040,446
1,197,828
these
908,853
1,381,825
the
4,639,564
5,128,653
remaining
receivable
67,006
32,269
38,185
1,154,489
1,104,888
Commission
15-year
2,566,047
assets
378,873
241,729
164,644,965
debits
LIABILITIES—
5'•
stock
645,046,000 $45,046,000
cumulative
5/c
prior
cumulative
Stk.
held
by
and
Audited
for
or
debt
service
car
accounts
and
interest
Unmatured
dividends
accounts
Taxes
current
payable,
2V841,393
2,187,376
•2.862,056
3,331,361
750,359
237,792
23,817
785,551
-
...
..
123
accrued.
declared..
140,000
payable
1,319,981
2,173,221
7,315,254
462,085
_
494,637
liabilities
572,512
243,752
1,475,603
credits
surplus
1,461,986
10,013
_
Earned
surplus
(appropriated!-
surplus
(unappropriatedI
the
At
Airlines
meeting held
April
on
of
tion
80'<
those
over
1,450 of
established
Monro
Establishes
—
Bedell
C.
and
available
in
with
record
pointed out that
PCA
has in
already
The
January.
59-passenger
During March,
than
more
110,000
will
strictions
with
said,
prove
PCA's
this is part of
boon
a
&
Peninsular Telephone .Co.—Calls Preferred Stock—
All
of
the
been
share and
per
Morgan
The
&
stock,
each
par
cash
was
for
offered
class
A,
Payment
23
the
to
shares
cumulative
will
on
St.,
holders of
the
$25,
for
newly
May
made
be
Wall
value
par
$1.40
redemption
Incorporated,
stockholder's
of
shares
called
cimdena.s.
Co.,
company
ferred
of
outstanding
have
A,
an
orderly plan to triple
PCA already has
said, and now is
N.
outstanding
privilege
of
authorized
of
J.
$1.40
preferred
pre¬
the system.—V.
by
163,
p.
cash payment of 231/2C, being the accrued dividend on the $1.40
preferred stock for the two-month period ending April 15, 1946. The
exchange privilege expired at 3 P. M. (EST), on April 15, 1946, and
a
holders
of
the
plus
with
on
the
of
<*1.40
exchange
me
J.
casn
P.
preferred
privilege
«i.ymeat
Morgan &
April 15,
iiie
rate
Inc.,
163, p.
who
required
were
ai,
Co.
1946 —V.
stock
York
for
City,
avail
their
snare
prior
exchanged
to
3
PM.
2012.
,Pere Marquette Rv.—Annual Report—Robert J. Bow¬
and
of
Cost
trast
with
1945,
outstanding
,$64,535,000
1942
in
bonded
and
debt
was
$52,467,335
in
$49,449,000,
at
the
end
of
1944.
refinancing early in 1945 was achieved through the issuance and
sale at competitivxe bidding of $50,000,000 new
35-year 3%bonds to
replace the tnree then outstanding issues bearing interest rates of
4V2,
pany
and 5ft.
acquired
delivered
year.
to
The
During 1945.
$551,000
the
sinking
of
subsequent to the refinancing, the
the
fund
new
and
other
$300,000 of bonds
sinking fund during 1946.
As
result
a
the
of
bonds,
cancelled
so
of
which
will
com¬
$251,000
to
prior
acquired
the
be
tendered
were
of
the
to
end
the
debt
reductipn and refinancing program, interest
charges on Pere Marquette bonds and equipment debt at the end of
,1945 were ,$1,806,965,
a
reduction of $1,406,083, or 44 ','r, compared
with charges of
$3,213,048 in 1941 before the start of the program.
GENERAL
Operating
Freight
INCOME
ACCOUNT
traffic
Passenger traffic
Transportation of
Transportation of
mail
CALENDAR
YEARS
1944
Maintenance
of
.454,526
1,631,373
9,271,285
•9,935,830
8,647,832
13,707,789
•938,557
Traffic
Transportation
Miscellaneous
461,909
1,696,461
$51,500,687 $56,302,777 $55,052,804
equipment
10,222.245
9.453,289
836,109
19,600,029
870,864
20,089,510
18,423,801
146,312
operations
designed
was
Alkali will use it
1945.—
DEC.
ENDED
31,
program,
of
magnesium
estimated at one year, will begin
the property will commence when
sale
on
17,6,513
133,907
is
its
by
operated
main
expenses
1,894,822
1,924,811
1,712,805
$5,941,893
$13,083,005
$15,855,061
1,201,808
7,164,799
8,612,341
plant
is
located at
Columbia Chemical Division.
Christi, Texas.—V. 163,
Corpus
at
1945 ..after provision for income tax, contingencies and
stockholders of subsidiaries, shows a profit of $2,305,436,
which cojmpares with a consolidated net income of $1,527,317 for the
year 1944.
There is included in the consolidated net income for the
year 1945 $382,447, which represents the proportion of the profit and
tax refunds attributable to the Pittston equity in The Davis Coal &
Coke Co., resulting, from the sale in September, 1945, of surplus coal
property owned by the Davis Company.
This company is a new
subsidiary, a majority interest in which was acquired in January,
1945.
After
deducting
dividends
paid
on
the preferred stock of
the
yeqr
minority
Pittston
income
the
for
redemption
on
attributable
to
year
Dec.
the
1945.
1945,
31,
common
which oreferred stock was called for
the remaining consolidated net income
is equivalent to $3.46 per share on
stock
574,842 shares outstanding on Dec.
$4,740,085
$5,918,205
DrI42,351
Drl99,846
(Dr).__
852,874
765,548
1,039,786
The
Net
railway operating incomeDividend income
$3,766,230
$5,010,307
$6,003;088
..owned
232,126
99,275
56,802
783,239
786,444
722,343
Joint
facility
(net)
rents
(net;
CHANGES
other income
less
Prov.
for
3,112,836
495,680
266,261
taxes
of
2,683,051
575,654
223,729
$3,339,739
payroll
$3,769,401
156,611
before
income
8,594
683,104
108,808
995,990
$2,954,715
9,661
$1,621,372
22,903
(net)
taxes
class A
on
int
subsidiary
stock¬
minority
for
prov.
stocks
of
applicable to
the
for
DEBT
IN
called
were
630,323
311,684
472,185
income
a
common
639,619
71,152
$2,305,436
$1,527,317
316,205
$3.45
20,421
314,6^0
$2.07
subsidiaries
of
income
Divs.
380j915
202,046
bonds
of
anit.
amortization
and State
preference
on
of
holders
Net
principal
and retired
depletion and
income
Net
Portion
170,053
$3,939,454
contingencies
Dividends
year.
preference stock
(redeemed or
exchanged for inc. debentures during 1944)._
on preferred stock ($5 per share)
Earnings per common share
Divs.
DEC. 31
CONSOLIDATED BALANCE SHEET,
1^45
1944
$3,303,472
$3,131,575
ASSETS—
hand
on
for
demand
and
deposit
on
U.
S.
Other
deposits
Court,
Chancery
of
order
to
74,819
Va.
redemption
(contra)
stocks
preference
of
212.914
984,300
58,938
...
Treasury bonds and
bonds, stocks, etc.
and
notes
receivable
accounts
ciated
73,661
not
stock
n
in
of
non-controlled
a
domestic
a
232,598
567,813
and
Prepaid
106,589
bonds
retire
to
for
—•
3.962
27,298,117
sub
a
investments
cash
399,846
220,983
6,047
27,560,829
stock of
treasury
net of
701,565
832,613
receivable
accounts
to
funds
Leasehold,
232,59E
220.000
assets
Sinking
---
asso¬
deposits
notes
--
3,749,102
773,551
corporation,
consolidated
Special
Fixed
of
—
stock
277,241
568,659
6,311,245
3,683,275
(net)
company
Investment
1,953.^69
amortization
deferred
318,985
171,145
$46,616,062
and
expenses
$37,413,951
$2,640,000
1;2QO,OQO
$2,259,167
charges
Total
LIABILITIES—
loans, payable within one year
payable
Liability
for
claims
of
dissenting
preferred
stockholders
of
former
U.
S.
Distributing
Note
74,819
(contra)
Corp.
Liability
for
redemption
of
Federal
(trade,
social
income,
withheld
3,949,135
etc.)
security
and
sales
277,241
1,403,547
taxes
121,111
1
Accrued
Federal
social
and State
security
taxes
036,662
426,645
taxes
134,644
415,302
217,274
183,587
13,333
98,609
209,387
372,000
249,648
payrolls, interest and miscellaneous
Workmen's compen., public liab. claims, etc._.
Sinking fund payment due within year
Contract obligation payable within year
Real estatae mtge. note carrying open due date
in
126,457
income
and other
.Accrued
Real
advances
20,302
(est.)
obligations
estate
(non-current)
notes (not current)
mtge.
1st mtge.
bonds of sales (not current)
loans
(not current)
payable (not current)
Accounts payable
(non-current)
2,000,000
4,800,000
75,136
1,993,613
368,305
Bank
Note
inc.
5V2cum.
Treasury
Reserves
debs,
for
current)
stock
Capital
90,000
20,000
$103,706
14,64C
13,333
18,450
585,500
1,413,331
2,177.20C
self-
387,452
1,272,191
439,338
1,619,240
8,003,189
6,191,912
574,842
10,258;231
6,324,100
574,842
8,325)956
6,566,475
4,577,24'',
laws
contingencies
stockholders in sub
(par and redemption value
Equity of minority
,$5 cum. pfd. stock
$100 per share)
Common
(not
stock subscriptions of a sub
claims payable under State
for
insurance
Reserve
—
212,914
payable
Accounts
---
stocks
preference
(contra)
(par
value
$1
share)
per
surplus
surplus
AND STOCK
Total
first mortgage 6 V bonds in the aggregate principal
$579,500 of Sheridan-Wyoming Coal Co., Inc., a wholly
subsidiary,
been
1944
$46,220,702 $43,224,743
39,006,126
35,972,909
allowances
$46,616,032 $37,413;951
1
outstanding
amount
have
STATEMENT, FOR YEARS ENDED DEC. 31
revenue,
over
Earned
31, 1945.
$7,242,720
Drl 10,981
rents
mines
1,247; 155
Federal
for
Contract
Chairman and President, on March 29 said in part:
consolidated income account of this company and subsidiaries
P, Routh,
The
for
existing
surface
property and equipment
(less interest earned)
Income received
(The) Pittston Co.—Annual Report—
the
Operating
Equipment
of
Accrued
2012.
J.
of
tne
as
company.
..
cost
purchased
for
.
'Net operating revenue.
Railway tax accruals
.
expense
of
Prov.
manufacturers
this shortage.
The Pittsburgh Plate Glass Co.'s principal chemical plant,
Ohio,
Alkali's
wen
retire
$4,586,894
Depreciation,
metal.
easing
Southern
that
profit
income
Interest
soda and liquid chlorine,
years.
war
other
numerous
of
sa^e
to
present
administrative expenses
and
Miscellaneous
the basic chemicals exists
The demand of rayon, soap,
for the basic chemicals
is well in excess of the chemical industry's ability to supply.
He stated
that the leasing of the Lake Charles facilities, which
follows by one week the purchase of the chemical plant at Natrium,
W. Va,.,
by the Pittsburgh Plate Glass Co., should aid materially in
and
Barberton,
INCOME
State
Other
production
the
for
during the
did
it
as
of
-
Investment!
1945
30,936
$0.25
to produce caustic
A long-term lease on
the renovation is completed.
Mr. Pitcairn said that a critical need
today
through
to
•Bank
extensive remodeling
chemical
secured
Inventories
said.
announcement
as
the
in
made
a
immediately.
p.
379,778
Total operating revenues
Maint. of,way and structures
of
1943
1,909,575
express
increase
an
week
major portion of the Government-owned plant at Lake
Charles, La., by the Southern Alkali Corp., was announced on April 16
by Harold F.' Pitcairn, President.
Southern Alkali Corp. is owned
jointly by the Pittsburgh Plate Glass Co. and American Cyanamid Co.
The Lake Charles plant, built during the war for the Defense Plant
An
been
position
adapted
being
and
the
Pittsburgh Plate Glass Co.—Unit Leases Plant—
$45,283,054 $49,771,833, $48,825,731
3,469,546
3,920,675
3,684,738
.'458,734
452,000
456,434
Miscellaneous
General
FOR
1945
revenues:
MONTHS
6
used
through increased mechaniza¬
being lost clue to depletion.
An
from the properties or Tne Davis
tonnage
been
the
operating
Subscriptions
con¬
The
4,
kwh.,
128,372,000
corresponding
the
profit after charges & taxes
Earned per share on 124,673 capital shares
—V.
163, p. 1201.
the
the
of
has
Operating
$1,912,687
Corporation,
31,
FOR
the
costs
Subscriptions to treasury stock of a sub
EARNINGS
Southern
has
of
tonnage
is
Richmond,
Net
Leasing of
be
Corporation
Property, franchise and other taxes
Cash
for
subsidiaries
sales
Net
reduction
improved
sales
Selling
Notes
ers, says in part:
Dec.
over
,
its
2012.
p.
man, President, in the 1&45 annual report to stockhold¬
At
1.3'/<
and
Pittsburgh Metallurgical Co., Inc.—Earnings—
certificates
tacn
at or
163,
or
company
amounted to
1946,
13,
kwh.,
the
for
themselves
to
deposit
to
o0c
oi
New
desired
V.
output
April
1,633,000
ft ill
proceeds
Exchange
offering
If
debentures.
1945
Sales
Cash
1732.
80'f
stock,
vame
Sao. .ror
eacfi so$re
of tne 61.40 preferred stock
(plus a
payment of 50c per share by the exchanging stockholder) which
exchanged, the stockholder received one share of $1 preferred stock
plus
ended
week
.of
exchanging
$1
P.
Y.
electric
The
$27.50
at
ottice
tne
at
York,
New
its
next,
Co.
CONSOLIDATED
and recreational travel, he
development of traVel to the
to
Philadelphia Electric Co.—Weekly Output—
stock,
preferred
15,
the
and
public
the
covering
Alleghany
year ^progress
the
proportion
Coke
sCash
class
irom
Securities
the
with
income
vacation
to
directed
resources
of
present
payment
the
mining, wnich
In addition,
underground
workings
wherever practical and a new mine is
being developed lor which a
modern cleaning plant will be constructed.
Full-time operation of the
properties of both Clinchfield and Davis is anticipated for some time
to come, not only to take care of domestic demands but also to supply
the needs for export coal, in which field Pittston and its subsidiaries
are
becoming increasingly a factor.
During the latter part of 1945
the Davis and Clinchfield companies handled the export of approxi¬
mately 2,000,000 tons of bituminous coal through the ports oi Balti¬
more,
Md.,
and
Charleston, S. C., as agents for the Procurement
Division of the Treasury Department of the U. S. Government.
the
more
many
centers served
vacation
many
loan
supplementing
materially
mechanisation
passengers
of the great and growing list
Increased accommodations and lifting, of wartime re¬
accommodate
to
further
them to
loans.
in
in
increased
President,
Monro,
of
expansion
airline
these additional seats.
system
a
the
by the summer the number of seats available daily.
broken
the long existing
air travel bottleneck, he
position
liled
prepared,
additional
consummated,
past
has
Carried.
Mr.
the
Clinchfield
18,008,199
Coi;p.
17.
the
traced
during which
planes account for
airline
a
164,644,965
during the
operation a
fleet of 59-passenger, four-engine Capitaliners and has purchased new
fleets for 1947 delivery from the Martin and Douglas plants.
At the
present time, Mr. Monro pointed out, PCA is flying 5,245 scheduled
miles
daily and is offering nearly 4,500 passenger seats daily,
an
months,
increase
1946,
reducing
Total
stockholders,
to
loans,
GENERAL
of
Excess
annual
is
bank
During
1574.
report
a
past-war
January,
be
to
being
and
above-mentioned
Loss
in
now
securities
Other
p.
the
with
250,625
154,871,223
163,
statement
is
debentures
Federal
16,924,457
Total
-V.
the Alieghany
refunding of
1945
year
1,456,102
.
liabilities
Unearned
357,088
584,629
accrued
Other
60,091,727
(Cri
payable
wages
Dr 1,360
55,806,736
unpaid
Unmatured
12,429,000
Drl,3a8
-
unpaid
matured
11,200,000
11,200,000
contra»
(see
balance
accounts
matured
Dividends
stock--
12,429,000
date
at
co.
unmatured--
Miscellaneous
Interest
preference
prelerred stock
In
105,500
1,356,812
the
connection
basis at a lower rate of mtei est and
by repayments to a total of $2,500,000
bank
on
from
made
During
in
reduced
year.
made
Registration
receivable
1945.
paid
live-year
1945,
loan
been
$2,000,000.
1,484,975
conduct.
anu
and
the
January,
demand
having
was
a
were
of
was
71
agts.
1944
on
loans
end
879,754
irom
in
loans
bank
total
loans
$1,000,000
the
at
Coal
Common
Co.
during
unsecured
an
such
bank
37,500
receivable
x»f air-travelers.
possible.
as.
Coke
loan' of
60,000
.assets
Unadjusted
&
the
$500,000
181,818
etc.)
dividends
current
[Deferred'
bonds--
supplies
Interest
Other
la4''
receivable
accounts
and
Loan
investments
receivable
Miscellaneous
in
always
not
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position
7,260,000
loans
aggregated $3,225,009 in
Alleghany
corp.
of
originally in connection
with the retirement of the
company's collateral trust bonds and tne
redemption of its class A preference stock in 1944 and the acquisition
of a
majority interest in Clinchfield Coal Corp. and The Davis Coal
(to pay interest, dividends, ma¬
funded
and
,
Victory
bank
to
$1,000,000,
the
notes
Fifth
Special deposits
and
notes
lower of
$6,815,003.
LIABILITIES—Note
accounts
689,897
Record—
equipment
$1,682,048;
$2,077,928),
1945
$720,761;
(at
and
plant
property,
31,
DEC.
inventories
$1,059,05.5;
of
depreciation
demand
and
inet),
$3,310,y35;
6,994,237
4.010,000
treasury
Pennsylvania-Central
BALANCE SHEET,
CONSOLIDATED
15,120,942
4ol,16l
etc
$2.55
dividends
Earnings
1,122,804
15,349,674
8,441,181
affiliated companies,
1,083,621
deprec.)
Temporary cash investments:
137,500
dividends
Common
50,024
370,886
(after
$602,583
135,885
income
Preferred
Pittston
addition
transit-,
Unadjusted
provisions-
contingencies
120,119,736
funds
property
Earned
for
Provision
Net
114,453,874
(after
property
amortization)
870
other
Investments
Deferred
excess
business
renegotiation of Govt,
taxes,
(1944)
12,629
.
Federal
for
profits
$2,292,168
8,821
income
Gross
Interest
$
funds
Capital
Miscellaneous
Accrued
Prov.
in
depreciation
Traffic
1944
$1,060,391
operations
from
Profit
negotiated a loan from Alleghany Corp. in the amount of $6,000,000,
payable in equal installments over a period of five years.
1944
$
•Funded
31
$10,457,519 $13,985,673
8,009,277
10,408,650
administrative expenses
1,387,851
1,318,363
-
sold
warehouse and
goods
Co.
DEC. .31
an
Since
Other
SHEET,
154,871,223
increase of $52,883 during the year.
the
end of
the war and the reduction
298,00j,
BALANCE
1945
U.
Renegotiation of lu4t v.ar business resulted in a
reduction in
aggregate gross income of $109,875.
From tnis amount was deducted
the proportionate reduction in taxes of $161,042, leaving a cash refund
of $7,633 and loss of postwar tax credit of $15,073. The net cost of
$23 006
was covered by reserves created for this purpose in
1944
and
income as
reported for that year was unaffected. It is the
opinion of the company that no refund will be required in respect
to
renegotiation of 1945 war business and consequently no provision
theiefor has been made.
During
1945 a total of $155,000 was set aside from earnings to
provide
GENERAL
ASSETS—-
2163
redemption
on
July
1,
1945,
and
retired.
■'For
claims
of
Distributing Corp.
due
within
one
dissenting
(contra),
year.—V.
163,
preferred stockholders of former U. S.
tlncluding $3,100 amortization payments
p.
658.
Metropolitan Coal Co. of Boston, all of whose common stock is
by Pittston, called for redemption on Nov. 1, 1945, all of its
owned
Total
lsc-
income
$4,781,595
deductions
from
$5,896,026
$6,782,232
108,231
income
91,854
101,369
preferred and second preferred stocks
That company is therefore now
of The Pittston Co.
All of the $6,324,100 outstanding $5 cumulative preferred stock of
The Pittston Co., was called for redemption as of Dec. 31, 1945.
The
only class of stock of Pittston now outstanding is its common stock,
of which 574,842 shares were outstanding on Dec. 31, 1945, and 586,092
shares
are
currently outstanding, the increase being occasioned by
remaining
having
a
Rp,ftC*me ava*l- f°r
Tnt0
m°rt.
fixed charges,
and equip.
leased roads
,
mterest
on
of
disc,
per
$5,804,171
$6,680,863
funded
128,016
68,588
69,285
2,722,821
2,992,058
debt___
shareZZZ„ZZZZ
Z"
5,462
687
$2,139,121
on
Net income
Earnings
$4,673,364
2,400,765
debt
$3,012,076
$3,619,520
$2.13
$4.06
$5.41
a
outstanding
first
total par value of $237,060.
wholly owned subsidiary
the
sale
In
and
issuance pf
shares
under
connection with the retirement of
option.
its
preferred stock the Pittston
Plough, Inc.—Change in Par Value and Split-Up Ap¬
proved—New Director Elected—
The
stockholders on April 16 approved a resolution to amend the
certificate of incorporation, so as to change the $7.5C
value of the authorized common stock to par value of $5 pei
share, the change to be effective at the close of business on June 15
Stockholders also resolved that the owner of each two shares 0:
corporation's
■par
.
stock,
at
additional
the
close
share.
of
business
150,000
on
additional
June
shares
15,
of
is
to
be
common
issued
stock
one
were
authorized
this
for
issued
be
to
which will make the total
stock is listed and traded on
purpose,
outstanding 450,000.
Common
York Stock Exchange.
shares
Radtomarine Corp. of
Period End. Feb. 28—
New
the
Assistant to the President, has been elected to
the board of directors, and Abe Plough, J. C. Ozier, McKay VanVleet
and Edward P. Russell have been re-elected directors at the meeting.
Net earnings per share for the year 1945,
wer $1.57, as compard
with $1.48 lor the year 1944.—V. 163, p. 1435.
Solmson,
B.
Harry
July 1, 1946, when Pressed Steel Car will take possession and
purchase the invetorjt on hand at that date.
The Porter Railway Division will concentrate on the sale of special¬
ties
in
the
future, T. M.
Evens, President, stated.
The company
until
its
freight
opportunities are greater in the specialties
manufacturing business.—V. 163, p. 2012.
field
than
in
$150,692
73,895
160,735
154,528
Other
$30,043
$25,752
$30,043
$57,624
23,792
99,247
25,871
$73,495
*$4,172
$161,749
inc.
2,800
1,400
profit fr. sales
selling and
$3,791,624
$*,968,114
$5,016,033
1,785,885
1,075,927
1,369,506
875,577
1583
exps.—
1,481,668
1,042,471
fr. oper.—
$1,267,485
$2,106,301
$2,770,950
$1,328
342,195
Z)r42,571
17,286
25g'(j80
$7,609,680
$2,063,731
$2,788,23G
$1,585,482
960,00
205,127
$1,828,236
$1,052,848
1,726,926
1,726,926
1,726,926
$1.05
1.726,926
Gross
service
Admin.
income—non¬
communication
Net
Gross
ordinary inc.__
Deductions
above.—V.
RR.
144,
3,110
3,229
6,220
from
$70,266
*$10,392
3,660
53,506
Cr680
119,012
$2,470
$16,760
*$9,712
inc.-
net
■
earned
surplus—
Deficit.—V.
contingenciesFederal and
for
for
Prov.
The
Exchange and Purchase of Preferred Stock
163,
27,510
profit for period
Common dividends
Shares
common
stock
1575.
p.
has
company
pay,
$1,464,680
1,726,926
$1,663,731
1,726,926
(par $1)_
1,726,926
$0.69
1,726,926
$0.96
May
on
1944,
at
Street, Boston I, Mass., all outstanding shares of its pre¬
stock, series A, at $125 per share and dividends of $1.58 Vh
share. These shares are all of the shares of said preferred stock,
series
is inviting bids for services in effecting exchanges of not
148,185 shares of its new preferred stock (dividend rate
Company
exceed
to
therefor
be
specified in the bids) for shaires of its presently out¬
cumulative preferred stock, series A, of which- 148,185.9
shares
in
the
aggregate are
how
outstanding, and
for the pur¬
chase of such of 150,000 shares of the new preferred stock as are not
to
standing 5', r
of
have not been surrendered in exchange for shares
convertible preferred stock upon the " exercise of
which
A,
4 r/c
cumulative
rights dated March
Holders
of
their
1946.
preferred stock,, series A; may upon-surrender
payment in full at once without awaiting the
18,
shares
of
of
receive
shares
redemption date.—V. 163,
1672.
p.
required for exchange.
be received
will
Bids
by the company up to
(CST), April
11:00 a.m.
163, p. 2013.
1946.—V.
26,
Revere Copper & Brass,
Public Service Co. of New Hampshire—Public Invita¬
tion for Bids for Exchange and
Stock—
Purchase of Preferred
purchase of such of 102,000 shares of new preferred stock
of the company as are not so exchanged.
Bids will be received by the company up to 12 noon (EST), on April
22.—V.
163, p. 2013.
the
annual
First Quarter
—
Blake, President, reviewed the activities of the corporation and
subsidiary companies during 1945 and spoke hopefully of the future.
Blake said that last year was a successful one notwithstanding
changing conditions occasioned by the war's end.
"Preliminary figures for the first quarter of this year are satisfac¬
tory," Mr. Blake declared.
With reference to the business of operating companies in 1945, he
declared that while sales of
electricity and gas to commercial and
its
Mr.
for
Blake
ordinated
buses.
and
are
it
transportation
in
difficulties
the
this
for
operations.
encountered
by
Public
Service
Co¬
service, except 40 which were taken over by the United States
However, of 311 ordered for this year none have been delivered
is
not
likely that any will come in until the
out that the Public Service electric and
Pointing
end
of
the
year.
gas operating de¬
always anticipating future growth, Mr. Blake said that
work is going forward on a new 100,000 kilowatt
generating unit which
it is hoped
will be in operation at Essex Station, Newark, N. J., in
partments
1947
and
are
that
plans have been made for
erating station at Sewaren
ready some time in 1948.
Relative
and
the
the
Federal
uniform
that
matter
Power
system
settlement
a
Write
the
to
in
Commission
of
accounts
reached
Was
Public
Township
kilowatt
which
Service
Electric
respect
to
with
prescribed
wherein
200,000
new
a
Woodbridge
between
by
Mr.
company
the
Gas
Co.
compliance
FPC,
was
the
the
of
Commission
to
several
institutions.
The
sale
to
Halsey, Stuart
to be consummated not later than April 30,
at not
principal amount of the bonds plus accrued interest and
a
premium of $32,000, to realize the company proceeds of not less than
$6,270,000. The money will be used to refund two bond issues totaling
sell
the
Co.
&
less
to
and
commitments
no
have
1574.
been
163,
p.
determined
to call for
redemption on July 1
annual retirement fund provisions,
1,050 shares
cumulative preferred stock at $106.50 a share plus any
4 Vi r'<
dividends
Electric
output
for
year,
with
decrease
a
of
the
the* week
compaied
to
then
thereon.—V.
due
162,
3118.
p.
192,301,000
of
companies served by this corpo¬
13, 1946, totaled 186,171 000 kwh.
April
kwh.
3.27; .—V.
163,
for
the
corresponding
week
last
^irst California Co.; Walston,
Allen- &
Hoffman & Goodwin;
Co.; Blair & Co., Inc.; Lester & Co.; Scherck,
Co., and Kitchen & Co. on April 15 offered
Richter
79,719 shares of
stock
common
(no
par)
represent
share.
The offering does not
behalf of the company.—V.
in
United
111.,
Light
will
be
$3,750,000 first
for
received
Power Service
and
12
to
up
inviting bids
is
Bids
1976.
CST,
nooon,
Co.,
April
on
the
by
West
105
22,
mortgage bonds,
at
company
Adams
1946.—V.
163,
the
St.,
p.
series
office
Chicago
of
3,
1771.
Schenley Distillers Corp. (& Subs.)—Annual Report—
162,
at $26.50 per
ACCOUNT,
YEARS
ENDED
AUG.
1945
31
(INCL.
1944
SUBSIDIARIES I
1943
financing
new
less
counts,
corporation
the
July
has
arranged
for
the
payment
$3,300,000 now remaining unpaid on
1953, and for that purpose will
its
29,
1 /e'/r
V.
—
serial
163,
promissory
note
having
3%
borrow
final
a
July
on
29,
1946
ten-year note dbe
$3,000,000 on its
July
maturity
29,
1953
1033.
p.
Cost
of
$
223,183,680
rectors
of
J.
Pannill,
versity, is
Mr.
Dr.
RCA
Public
is
as
Rowland
Institutes,
President.
Dunn
Reelected
James
Dr.
Inc..
Angell
119,210,643
Gross
&
from
Angell,
President
Counsellor
director
of
Directors
of
the
RCA
were
of
of
Charles
Yale
Uni¬
Broadcasting
America
Mr.
Di¬
as
by
National
Corp.
Institutes
today
Emeritus
the
of
Rad:o
Dunn
and
NBC
Pannill,
2013.
;
on
Corp.—Inaugurates
Dividends
Common Stock—
The
directors
on
^re.cea?h'1°" the
55L
being
payab.e
July
April
two
dividends,
of
cents
30
stock, the first dividend being payable
of record May 6, 1946, and .the second dividend
comm°n
l
to
holders
of
record
June:
45.
1946.
Floyd
dividendsP^ThX1 t?'
thC .board- stated: "Declaration of
£ Si L
is in accordance with the present
n
?.P
pavnwei
earnings
justify
the
uthf; ltock
dividend.
such
on
of
B.
two
policy
.
of
annual
basis
illng capital position adequate to
the
meet
foreseeable
long
so
as
32,981,921
17,697,661
to
89,054,916
619,676
69,836,404
391,227
34,087,396
15,284.261
the
1,004,849
the
predecessor company have
titled to
the
old
the
two
dividends
certificates
respective
record
are
dates
been
declared
on
notified
the
new
that
they
70,227,631
35,032,245
15,852,629
1,311,958
911,015
1,106,899
1,139,919
1150,999,413 t23,749,596
886,434
3,000,000
1,000,000
§7,982,069
opers
income
charges
for
Fed.
stock
and
inc.
63,535,000
taxes
J Appropriation
Net
23,941,200
15,317,203
9,235,750
6,730,641
773,377
839,714
859,535
891,654
stock—_
3,779,643
2,834,733
2,519,762
1,259,881
outstdg.
2,520,000
1,890,000
1,260,000
1,260,000
*$9.19
**$7.66
tt$6.65
tt$4.63
profit
Cash dividends declared:
On
5 Vz r,'f
ferred
On
Shs.
cum.
requests
$12V2
common
directors.
of
April
on
16
Split-Up Shares—
voted
at
annual meeting for
outstanding stock. The
their
share.
a
every share now held.
plan.—V. 163, p. 1481.
Directors
will
April 26
meet
stock
common
stk.
com.
Earnings
share
per
2,250*000
on
shares
(less estimated
of
debt
$2.50
par
value,
retirement credit
tlncludes
excess
of
$2,210,000), $19,896,000.
i Appropriation
for reserve for contingencies and
postwar
adjustments.
§Includes excess profits tax
(less postwar
refund of
$105,000), $4,470,000.
fllncludes excess profits tax of $51,298,550 (be¬
fore
estimated
614).
shares of
1,260,000
and debt retirement credit of $5,127,shares of $3.33V3 par value.
ttBased on
value
1,890,000
on
$5
Cash
par
BALANCE SHEET,
AUG.
act on
to
U.
S.
hand
on
and
certificates
securities
Miscellaneous
tLand,
90.466
293,278
23,340
-68.640
16,374
135,342
65,033
,yn".cc"
$493,249
2,812
S404.082
and
deferred
Net
4,626,000
83,526,241
and
Net
bank
163,
p.
Operating
revenues
Uncollectible
Operating
oper.
for
conting.
and
sinking
fund
postwar
rev.
revenues
Mos.—1945
$22,695. <
__'L-
$12,143,959 $11,121,166 $24,503,244
19,706
20,141
40,734
25,398,820
__
$12,124,253 $11,101,025 $24,462,510
9,619,824
7,180,482
18,867i808
1,434,304
2.578,446
3,108,532
$22,654.002
$2,486,170
1.958,285
$2,687,352
14. <5
5,-
2,710,798
Net
income.—
oper.
Net
15;061,400
6,300,000
14,386,737
12,211,949
1, -1955^-
207,094
2,314.703
adjustments-
income
163, p.
$1,070,125
825,476
$1,342,097
1,032,965
•
2.0al.J«
1576.
Southern
liabilities
Aug.
Co.—Earnings—
1946—2
1946—Month—1945
taxes
14,061,400
accrued
expiring
$191,275
2014.
expenses
165,844
credit
118,211
(corp.)
incomee
—V.
82,U(
$325,400
134'
$264,329
deductions
Interest
Operating
i
$100)
accrued
cos.)
$382,540
Operating
1
payable
and
(sub.
Balance
156,000
6,300,000
taxes payable
Unsecured
Reserve
(par
deductions
amort,
_____
175,446,060
,
stock
payable
and
Interets
-2.5u^
$496,081
113,521
income
Gross
6,391,390
433,438
stock
Accounts
income
Non-operating
—V.
Sundry
income
-4.4/5
36,927,762
—irr '187,047,094
Dividends
operating
28,768,868
machinery, equipment, etc.—
trademarks, goodwill, etc._rr__——
preferred
taxes
income
2,032,809
charges
buildings,
J Common
taxes
Federal
889,750
Total
5V2Vr
leases
Abandoned
156,000
investments
expenses
15,709,048
37,093,564
receivable
accounts
Marketable
117.616
Depreciation and depletion
Non-productive well drilling
Period End. Feb. 28—
5,439,370
Inventories
Prepaid
$
20,660,138
indebtedness
of
l?n^,o
$1.^08,419
987,789
Maintenance
Southern Bell Telephone & Telegraph
1944
91,523,158
Govt,
■••Notes
and
$2,417,740
1,273,510
operating revenues
Operating expenses
31
$
bank
in
Gross
refund
postwar
'"'Based
1945
12 Months Ended Dec. 31—
General
pre¬
3,679,133
8,000,000
.
2,000,000
debentures
4,T)0~0"666
12,600,000
Federal
income,
strong
taxes
accrued
59,043,436
surplus
3,025,470
Earned
surplus
77,749,503
3,089,220
58,361,323
Colorado Power Co.—Weekly
Output
this company for the week ended
kwh., as compared with
2,005,000
corresponding week last year, an inci'ease of 4.87'.—V.
Electric
totaled
output
of
2,102,000
Southern New England Telephone
10' ^
Co.—Earnings—-
1946—Month—1945
Period End. Feb. 28—
^
April 13.
kwn. 101
163, P- -
^
19U677,^°ft= 0^772
$ - Q00
Operating
revenues
Uncollectible
oper.
rev.
$2,863,427
1,279
$2,580,193
12,000
$5,758,847
Operating
revenues—
Operating
expenses
Operating taxes
$2,862,148
2,143,245
322,013
$2,568,193
1.730,058
525.378
$5,754,805
$396,890
$312,7'57
$776,444
319,609
215,582
622,027
59,935,941
Capital
the
are
a
con-
not
stock
exchanged for new common stock
dividends.—V. 163, p. 820.
for
board
the
568,368
40
requirements
business. All the preferred stock has now been
retired
and
earnings continue to improve."
Holders of unexchanged certificates of debentures and common
stock
of
of
Hanks, President, said the company had received 30 to
for a reduction in the par value of the stock from $25
In the split-up, stockholders would get two shares
J.
George
54,095,612
20,008,215
10-year 4 rk
Sl-20
a
«,Zr^Ltable^erations, durin* .the »iast few yeai-s and
pbruary °f the refinancing plan have created
iur
per
will
the four founders of the equipment concern,
split-up of the company's 900,000 shares of
vote was 405,320 shares for, 114,156 against.
26,402,234
LIABILITIES—
declared
16
throughout the world
according to an Associated
Southeastern Corp. (& Subs.)—Earnings—
Total
Interest
Brands,
Radio-Keith-Orpheum
$7,000,000,
a
96,238,638
(net)
income
of
one
Chairman
stockholders
The
34,563,561
exps._
1945
Lieuten¬
ant General James G.
Harbord, who is Chairman of the Board, Frank
E.
Mullen, Thompson H. Mitchell and George F. Shecklen.—V. 163,
P.
City,
as
South Penn Oil Co.—To
distrib..
gen.
involving about
dispatch.
remain
123,018,477
sales
on
advtg.,
admin.
Other
transaction
The acquired company's plants are located in Mis¬
souri, Oklahoma, Wyoming and Canada.
Arthur J. Smith,
President of the Smith Engineering Co., also an¬
nounced formation
of a new corporation,- the A. J. Smith Corp., of
which he was elected President and General Manager.
A. H. Black,
89,674.592
profit
Selling,
ASSETS—
Gano
announced
was
Service
a
and
City, Mo.—Acquisition
the capital stock of the Black, Sivalls
a
Press
152,192,564
CONSOLIDATED
of
purchased
has
company
in
$
386,634,991
438,038,704 290,396,353 169,088,068
sold
goods
$
561,657,181
Radio Corp. of America—New Directors of Unit—
Election
Co
Smith Engineering Co., Kansas
Bryson Corp., maker of oil-field equipment used
dis¬
returns,
etc.
"Based
Purity Bakeries Corp.—To Refund Note—
The
equal amount of 3 V2 'ic
series K bonds which
mature February, 1970. Series K bonds are payable
principal and interest in Canadian or U. S. funds at option of
holder, but new series M bonds will be payable in U. S. funds only.
The new issue will be sold privately in U. S.—V. 163, p. 1481.
to
as
1942
$
Sales,
2952.
p.
bonds maturing April 15,
and
retire
to
ordinarily would
Kansas
INCOME
profits tax
°f
applied to the Provincial Electricity Board for
and sell $25,000,000 series M 3 % first mortgage
1971.
Bonds will be sold at 104 V2 to yield 2.75 rk to maturity and proceeds
issue
trust
This
Comuany
due
cap.
Puget Sound Pulp & Timber
Co.—Secondary Offering
(issued and outstanding
&
Prov.
2013.
p.
value
has
company
to
St. Joseph Light & Power Co.- -Invitation for Bids for
operating
ended
par
Shawinigan Water & Power Co.—Will Sell $25,000,000
The
Bonds—
Profit
Corp.—Output-
without
reserves
3% Bonds at 104 %—
used
have
directors
pursuant
the
of
stock,
$19,075;
60,000 shares), $6,000,000; paid-in and other capital surplus, $4,130,054; earned surplus, $7,770,510; total, $25,068,715.—V. 163, p. 468.
for
ration
and
income,
deposits
for purchase of
for warranty service,
employees'
payable,
$499,232;
bonds, series E,
savings
S.
permission
2013.
p.
Ruppert—Partial Redemption—
(Jacob)
The
-
Public Utility Engineering & Service
as
made.—V.
U.
and collateral
163,
said
required
dividends
is
the
with
Blake
regard to the matter of reorganization before the Securities
Exchange Commission, Mr. Blake said nothing definite has been
determined
salaries
taxes on
bonds
Inc.
than
$6,238,000.—V.
be
may
&
off
yet
accrued
Federal
than
cumulative preferred
by
Stuart & Co. Ins. it has the option to reacquire and dis¬
bonds to the best bidder.
previously had denied the company's petition to
Halsey,
The
authorized
to
first
With
as
other
taxes,
$1,211,479; reserves for contingencies, $450,000; miscellaneous reserves,
$33,393; common stock ($1 par value per share), $1,726,926; $4.50
2 Vi
gen¬
approximately $58,000,000 in electric utility and common
utility plant account. "This settlement," Mr. Blake assured stock¬
holders, "does not affect the value of your property."
and
accrued
$481,747;
$1,797,137;
payable,
LIABILITIES—Accounts
wages,
New York Public Serv¬
been
corporation has
Commission
next,
and last year in getting delivery of
delivery in 1945, all have been received
year
Of 384 ordered
1945
sell to Halsey, Stuart & Co., Inc., $6,238,000 35mortgage bonds, under an agreement providing that
the corporation shall offer the bonds at competitive bidding within
90 days.
If the telephone corporation receives a better bid than that
The
ice
year
in
Army.
and
cited
Transport
new
and
purposes
31,
$273,423; accrued sundry expenses, $35,769; provision lor employees'
bonus,
$463,375; provision for Federal taxes
on
income, $176,593;
decreased
compared with the previous year, that
large measure, by increases in electric and gas sales
in
up,
residential
Mr.
Co., Inc.—
customers
made
was
Stuart &
George
H.
industrial
OCT.
deposits in banks, $5,630,742; U. S. bonds, notes
and certificates of indebtedness, at cost (including $56,025 held for
sale to employees),
$6,241,025; notes and accounts receivable (after
reserve for doubtful notes and accounts of $89,082), $799,477;
amounts
claimed on terminated war contracts (after reserve for disallowances
of $90,000 and after advances from prime contractor of $3,850,000),
$4,077,835;
inventories (after reserve for revaluation of $205,503)!
$3,274,593; land, buildings and equipment (after reserve for deprecia¬
tion and amortization of war facilities of $5,198,873), $3,789,694; other
fixed assets at cost (after $22,319 reserve for depreciation) including
tools and. dies at cost less amortization and construction in progress
at
cost,
$885,003;
deposits, miscellaneous investments, and sundry
receivables,
$166,791;
prepaid
expenses
and other deferred items,
$203,554; patents, contract rights, etc., and goodwill, $1; total, $25,ASSETS—Demand
068,715.
Rochester Telephone Corp.—To Sell Bonds to Halsey,
pose
the stockholders held on April 15,
meeting of
Wall St., New York, N. Y.—V. 162, p. 3118.
BALANCE SHEET,
CONSOLIDATED
•
of
Public Service Corp. of New Jersey
Results Reported Satisfactory—
At
company
interest,
trustee, 46
Company is inviting bids for services in
soliciting exchanges of
of preferred stock for its presently outstanding shares of Pre¬
ferred Stock $6 Dividend Series and preferred stock $5 dividend series,
shares
and tor the
Inc.—Partial Redemption—
has called for redemption on May 15, next, at 102 Ms
$170,000 of first mortgage 3W^ sinking fund bonds due
Nov. 15, 1960, for account of the sinking fund, and $240,000 of bonds
of the same issue out of moneys held In the trust estate.
Payment
will be made at the Commercial National Bank & Trust Co., corporate
The
and
$0.61
"Charges-for depreciation amounted to $424,897 in 1945, $435,873 in
$446,592 in 1943 and $458,883 in 1942.
tlnclildes billable costs
and
fees
on
cost-plus-fixed-fee contracts.
$ After $142,516 excess
reserve for contingencies created
in prior years.
for redemption, and intends to redeem
the State Street Trust Co., State and
called
1946,
6,
Earnings per share
ferred
per
400,000
charges
*Net
$37,779
Congress
Public Service Co. of Indiana, Inc.—Public Invitation
for Bids for
82*>
30o!ooo
145,000
taxes--
inc.
Canadian
Railway & Light Securities Co.—Calls Series A Stock
and
»on
'm,ow
income transfer'd
to
*
gen.
income
Total
$156,791
Other
Net
&
income
Prov.
Deducts,
expenses
profit
Other
4,958
$6,130
iiicome
Net
the
1121.
p.
16'.851,423
"$3^60^,803
ordin.
from
income
Portland & Runtford' Falls RR.—Purchase—
Central
J3,532,137
Advertising,
car
Maine
rv
43,777,083 153,051,226
outstanding
See
i942
$20 4ok
sales
Of
219,373
$9,240
31
1943
etc. $47,568,707t$58,019,340 $48,548,170
returns,
less
Sales
OCT.
1944
$60,424
$27,152
$14,552
com.nunica'n
YEARS ENDED
1945
$94,104
$14,552
deficit
operating
Ordinary
corporation announces the sale of the land, buildings and
machinery of its subsidiary freight car manufacturing plant at Mt.
Vernon, 111., to Pressed Steel Car Co., Inc., for a cash consideration
of $2,558,000.
In addition, Porter has received an option to supply
all non-specified springs,
forgings and castings which Pressed Steel
Car Co. purchases for a period of 10 years.
Operation
of the freight car plant will be continued by Porter
$46,743
90,384
Operating deficit
Porter Company, Inc., Pittsburgh—Sale—
(H. K.)
$75,832
ACCOUNT,
INCOME
1946—2 Mos.—1945
Cost
Net
1946
Servel, Inc. (& Subs.)—Annual Report—
America—Earnings
1946—Month—1945
Operating revenues
Operating expenses
This
feels
Monday, April 22,
THE COMMERCIAL & FINANCIAL CHRONICLE
2164
en¬
unless
before
the
excess
profits
and
Total
"After
capital stk.
187,047,094
reserves
for
bad
debts
of
4,042
$^}^;95
,
f)fi5
153
S!h-i
ii4
715,001
.
175,446,080
$671,000 in 1945 and 1944.
t After
reserve for depreciation of $18,359,300 in 1945 and
$13,755,254 in 1944.
^Represented by 2,520,000 shares of $2.50 par value in
1945
and
1,890,000 shares of $3.33 % par value in 1944.—V. 163, p. 2014.
Net
Net
—V.
oper.
income
income
163, p. 2014,
-
lfi3
Number
4483
THR rOMMTTPPTAT
Stock and Bond Sales
DAILY
NOTIC1
&
ecu
-
tttmamptat
**
New York Stock
WEEKLY
United States Government Securities
furnish
we
a
Dally Becord of U. 8. Bead Prleee
Treasury
Apr. IS
[High
474s, 1947-63
Apr. 15
—
Apr. 16
—
[Close
Apr. 17
—
—
]Low
Apr. 18
Apr. 19
one
Daily Becord of (7. 8. Bond Prices
Treasury
—
—
274s,
i
Sept.,
1967-72
1,
....
["High
Low
$1,000 units
—
["High
III
Low
2748
106.25
274 s,
Close
High
]
-I. Low
1959-1962
103.2
15
5
103.8
103.8
103.8
Close
1
Total sales in $1,000 units
:!
High
115.23
115.23
Low
115.23
115.23
Close
115.23
115.23
1
2s,
1
[ Hign
■{ Low
[Close
1947
Total sales in $1,000 units
High
I
274s, 1958-63
\ Low
[Close
Total sales In $1,000 units
I Hign
■{ Low
| Close
2s, March 1948-50
r
[Close
■Mi
Low
i
I
riigH
__
-—
[Close
Total sales in $1,000 units
[High
i LOW
[Close
1948
—■
.—
Higi.
j
la, Dec. 1948-50
] Low
Total sales in $1,000 units
——
Total sales in $1,000 units
"High
274s, 1960-65
2s, June,
1949-1951
—-
{ Low
[Close
.
——
——
—
Total sales in $1,000 units
Total sales in $1,000 units
fHieh
rHigb
•{ Low
[Close
2s,
Dec.,
rlllgh
] Low
[Close
1949-1951
Total sales In $1,000 units
Total sales In $1,000 units
Bs,
[High
\ Low
274 s, 1952-54
LOW
(Close
Total sales in $1,000
Total sales in $1,000 units
274s, 1950-52
| High
2s, Sept., 1949-1951
j Low
[Close
274s, 1949-53
March,
[High
Low
(Close
1950-1952
j
Total sales In $1,000 units
[Close
Total sales in $1,000 units
[High
Bs,
HOLIDAY
[High
\ Low
274s, 1956-58
Sept.,
•[
1950-1952
Total sales In $1,000 units
FRIDAY
Total sales in $1,000 units
-
[High
■{ Low
[Close
Total sales In
—j Low
2s, Dec.,
[High
106.19
{ Low
[Close
106.19
Low
1953-55
I
Total sales in $1,000 units
106.30
[Close
106.30
1%8
j Low
[Close
Total sales In $1,000 units
[High
101.18
] Low
Low
Total sales in $1,000 units
[High
Low
[Close
101.18
Close
\Close
Total sales in $1,000 units
101.18
iHigh
*4 74
105.28
}
274s, June 1967-72
6
[High
j Low
[Close
1948
12
—
1
"7.
104.4
104.4
(High
106.30
{
104.16
104.16
Total sales in $1,000 units
Is
13
[High
*104.4
104.16
[High
•( Low
[Close
1952-54
106.19
$1,000 units
274s, 1966-71
FRIDAY
Total sales In $1,000 units
Total sales in $1,000 units
.
GOOD
[Close
Low
I Close
Total sales in $1,000 units
HOLIDAY
[High
2s, June, 1952-54
[High
1965-70
Low
[Close
107.4
20
274s, Dec., 1964-1969
J
Total sales in $1,000 units
107.4
Total sales in $1,000 units
•{
10
1951-55
107.4
[High
\ Low
[Close
274s, June, 1964-1969
103.22
$1,000 units
[High
8s.
*
103.22
j
[Close
TcOal sales in $1,000 units
274s, 1963-1968
103.22
[High
Low
2s, 1951-1953
274a, 1962-67
Low
[Close
GOOD
[Close
274s
103.2
103.26
Low
Close
in
103.2
103.26
[High
2V4s, Dec.,
Total sales In $1,000 units
Total sales
12
103.26
Total sales in $1,000 units
—
106.19
15
[High
\ Low
[Close
June, 1959-62
106.19
106.25
{ Low
[Close
106.19
106.25
[High
1956-59
—
Low
s
Total sales In $1,000 units
Total sales in $1,000 units
GOOD
FRIDAY
Total sales in $1,000 units
—I
1748, 1956-59
HOLIDAY
I High
[Close
High
2748, 1951-54
16
Total sales In $1,000 units
IS
2748, 1948-51..
105.13
26 74
(High
\ Low
B%s, 1954-56
I[Close
1.Close
105.10
105.30
105.13
Close
Total sales in
,S
-1
*4 74
105.28
Low
—
III
J[High
3s, 1951-55—
108.23
[High
{ Low
[Close
-
j[Close
Apr. 1!)
Total sales in $1,000 units
III
Low
Apr. 18
108.23
Low
274s, 1951-53
Close
1
Apr. 17
108.23
Total sales in $1,000 units
\ Low
3s, 1946-48.
Apr. 16
105.30
274s, Dec., 1967-1972
"High
1949-52
Apr. 15
[High
LOW
[Close
Total sales In $1,000 units
Apr. 13
High
-{ Low
IClose
Total sales in $1,000 units
3y.S, 1946-49
Exchange
the New York Stock
Exchange during the current week.
or more 32d of a
point.
on
Total sales In $1,000 units.
3748, 1955-60
the New York Stock
on
daily record of the transactions in Treasury bonds
Figures after decimal point represent
274s,
Exchange
YEARLY
-
Cssh and deterred dillmy ealaa «n disregarded in the
day. rente, nnlece they lit the only transection* of the
dey. No ecconnt la taken of raeh tele,
in computing the
range for the year.
Below
3VeS,
r»TJT>/vMTr«T
•Odd
105.28
lot
sales.
IRegistered bond transaction.
105.28
Total sales in $1,000 units
1
NEW YORK STOCK RECORD
LOW AND
Saturday
oer
Wednesday
April 17
Thursday
Sper share
9 per share
S per share
62
61%
*111%
112
*111%
112
*140
144
*140%
144
1674
3874
3874
23
23
16
58
*132
15%
64
*111%
141
16%
;
t
16%
>.
5874
16%
16%
64%
70
70
*11174
143
16 74
Shares
'2,100
112
70
Abbott Laboratories
16 74
54
ACF-Brill
Motors
39%
4074
39%
4074'
4074
42
20
2274
23%
23
23 74
43
Adams
*55
5674
*54
<
5674
*55
38%
38%
38%
*3774
56%
38%
16
16 %
16%
16%
16%
16%
58
5874
135
4274
*132
8%
43
8%
42%
774
7%
7%
7%
63%
62%
63%
77
77
76
77
44%
44
44%
44%
110 74
*109 74
*109%
25%
footnotes
Co
No par
J.UQ
No par
2.50
Acme Steel Co
23%
8%
24%
200% 200%
new
preferred
Abraham & Straus—-
*23%
*76
24
*23%
199%
199%
25
25
see
page
7
63%
5974
135
9%
43
774
9%
43
7
59
135
974
43
7%
6374
63%
64
7774
76
76
45
45
45%
11074
24
199%
200%
25%
2176.
58%
*132
25%
*109%
24
199%
25
11074
24
200%
25%
36%
16%
16 74
STOCK
4,900
Admiral
58 74
EXCHANGE
2,700
Air Reduction
57%
*132
9
135
74
42 74
7
6374
*76
4574
9%
43
7%
—
700
CLOSED
GOOD
FRIDAY
___
25
201%
2674
&
Inc
No
Vicksburg Ry
Aldens
30,600
2,800
200
Allied
Allied Kid Oo
Chemical
70
Apr
18
116
Jan
24
Apr
4
Feb
1
9%
Jan
17%
Dec
Apr
Feb
25
19
3074 Feb
26
42
15
&
111%
60
Apij
115
Jun
Jan
114
Dec
Apr
18
25%
35
Dec
1974 Feb 26
24% Feb
18
13% Mar
21%
Dec
44J/4 Jan
57
Jan
29
32%
Jan
47%
Deo
41% Jan
28
2274
343/4 NOV
20% Feb
1
17
Apr
Deci
59% Apr
8
38%
4
32
Jan
3
1574 Mar 15
50
Feb 25
135
Mar 30
21%
Dec
Jan
56
Dec
9874 Jan
122
122
Jan
8% Jan
3
12 V4 Feb
6
674
Jan
3174 Feb
26
44% Apr
9
1574
Jan
No
9
9%
27
Dec
Nov
Dec
1
574 Jan
3
874 Jan
28
2%
Jan
674
Dec
100
52% Jan
3
69 74 Jan
28
34%
Jan
60%
Jun
82
Jan
28
56
Jan
74
48% Feb
6
22 y8
Jan
42 y4
91
Jan
par
par
100
1
Dye
Highest
I per share
144
10
Min
Allen Industries Inc
2,800
61% Apr 12
11174 Feb 19
112
Jan
2
$ pershar
5
Gold
Allegheny Corp
5y2 % pf A with $30 war
$2.50 prior conv preferred-No
Alghny Lud Stl Corp
No
Alleg & West Ry 6% gtd
2,900
par
10U
Inc
HI
200%
Alabama
—1
Par
10
1
Corp.
4,000
500
24
Address-Mutlgr Corp
Juneau
77
24
NO
Corp
Alaska
8,200
*110
Adams-Millis
13,700
64
45%
10
Express
5674
36%.
Year 1945
Lowest
$ per share
$ per share
Par
4%
144
Range for Previous
Range Since January 1
Lowest
Highest
STOCK
YORK
EXCHANGE
22%
62%
For
14274
16%
S per share
NEW
39
*132
8%
*25 1
112
*140%
Sales for
the Week
2274
57%
135
111
*11174
141
38%
1674
43%
4474
*109%
*2374
6374
112
Friday
April 19
37%
*54
39
8%
62%
*62
April 18
22%
56%
42%
STOCKS
Tuesday
April 16
61%
*53%
*38%
PRICES
$ per share
share
1674
SALE
Monday
April 15
April 13
$
HIGH
par
•
6874 Jan
7
38
Jan
3
105
Jan 25
21
Mar
185% Jan
225'»
Jan
109
Apr
12
5
25
Jan
30
2
210
Jan
17
29% Jan
28
7
13%
Jan
153% Mar
1574
Jan
108
2574
194
2474
Dec
Dec
Dec
Decf
Dec
Deo
Monday, April 22, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
row AND HIGH SALE FRIGES
Wednesday
Tuesday
Saturday
Monday
April 13
April 15
$ per share
$ per share
S per share
$ per share
$ vershare
34
34%
34 %
34%
34
34 V 4
56%
57
56%
57 V4
57
58 %
56%
56
57 ¥2
57%
57 %
56%
31
39
38%
39
39
39 ¥4
10
10 Va
10 Va
10%
10 V4
11 Va
44
44
44 3
64%
87%
85 %
44%
£8 %
86%
42%
42
85
83%
83%
*83 %
41%
85
42 ¥4
42
57%
83 V2
11
66
66
67
1,000
44 V2
87%
87%
83%
13,400
41%
42
43 %
3,000
83 %
23%
23%
23%
26
25
26%
57
57
57
57 Va
57 %
60
60%
4120 %
131
14
14 Va
14 ¥4
14%
96%
97%
97 >/4
97 ¥2
'208
'207
132%
68%
69%
69 %
'131
'38
38%
15%
100%
7C ¥2
24%
105 ¥2
9 ¥2
9%
54%
52 ¥2
11%
124 ¥2
127
44%
42 ¥2
110 ¥2
111%
109 ¥2
50
10%
10%
•
59
*56%
118
17 %
114
'109
114
50
117 ¥2
17%
17 ¥4
17%
17%
43 %
114
115
'56
117%
115
11%
127
43%
10 Va
59 ¥2
'55%
60
113% '113%
'109
10 ¥2
10 ¥3
10%
10%
*55%
54%
11%
50
50%
50
51
%
22
54
11%
43
109 Va
'50
i>
113 ¥4
17 ¥2
'109
17
114
500
85
27%
1;000
104%
30
6 °fr
104%
30
4 ¥2#
-109
'104
56 V4
11%
127 %
Amer
7,100
11%
126%
43 %
114
115 %
50
50
50%
11
10%
59
*56%
119%
17%
16%
6%
100
14%
14%
14 %
14 '-a
14%
13 ¥2
13%"
13%
13%
13 3
13%
51
51%
400
37%
36 3
50%
50 ¥2
50%
36%
36
36%
'117
37"
118 Va
117
118 Va
40%
'117
119
'117
119
'50
40
40%
17
71
Dec
128 V4 Feb
25
Aug
161
Dec
28
Jan
43
Dec
42
Jan
94 ¥2
5
20%
Jan
41 ¥2
Dec
84 % Apr
12
69 ¥2
Jan
80
Jun
Jan
14
15% Aug
33
Feb
26
44% Apr
78
Jan
2
30
20% Mar 13
21
12
x41
Mar
25
128
Oct
135
Jan
17
Dec
10 ¥2
55Va
Oct
17 ¥4 Feb
10
1
106 ¥2 Jan
15
B9 V2
Aug
Feb
112 y8
Oct.
210 ¥2 Mar 29
12% Mar 14
183%
Jan
199
Dec
39
Jan
71% Apr
15
96
Jan
40% Jan
5
34% Mar 20
12
132 ¥4 Apr
57¥4 Mar 13
Mar
Dec
18
Jan
136
90% Mar 13
10
27
Jan
Feb
1
110
Jan
150
Mar 21
131
23 Va
64 % Apr
Jan
129% Apr
120
Dec
67%
Dec
127
Nov
42
Dec
156 ¥2
112% Mar
Dec
149
par
25
155 ¥4 Jan
14
24% Jan
3
33 ¥4 Apr
18
13 ¥4
Jan
29 ¥4
Nov
64
3
79% Apr
17
69
Dec
69
Dec
32 ¥2 Jan
20
1
No par
No par
No par
Jan
24 Va Jan
18
103 ¥2 Apr
9
Feb
1
28
18 ¥a
Jan
27 ¥2
Dec
Feb
16
105 ¥2
Apr
109%
Jun
104 ¥2 Apr
3
104 ¥2 Apr
12
109
73 ¥2 Apr
12
8
Jan
3
11 ¥4 Feb
15
3%
Jan
9%
Dec
18
Jan
4
22 ¥a Apr
17
10%
Jan
19 ¥2
Nov
37
Jan
4
57% Apr
1
27
Jan
43 ¥4
Jun
3
48
14 ¥4 Jan
29
Jan
8%
Nov
17
96
Jan
XI17 ¥2
Nov
15
20%
Jan
40
Nov
Apr
3
115% Apr
21
55% Jan
9
.1
7
12 Va Jan
28
Feb
99% Jan
12% Feb
Mar
109%
Jan
56 ¥4
Dec
Jan
lOVa
Dec
Dec
28
47
Mar
58
Dec
68 Va
Jan
109
Dec
18% Mar 30
6%
Jan
21
par
5
18
22
100
No
Corp
91
38%
Jan
63
26
11% Jan
18
2¥a
"123 ¥2 Apr
54% Mar 14
par
No
preferred
Dec
44 Va Apr
9 ¥4 Jan
26
97
57
127% Apr
47% Feb
1
Jan
7
Jan
32 ¥4 Mar
105
30 y4
15
6% Jan
113
10
__50
Oct
14%
Dec
Apr
18
70
Jan
103
Nov
15% Feb
4
9
Jan
15
Dec
110
"
4
117
Invest
Co of 111
1
50
No par
100
preferred
:
Locomotive___
preferred
conv
American
14,200
37
4
5%
7%
118%
Oct
11 ¥4 Mar
12
13 V8
Apr
18
7%
Jan
14%
49 ¥2 Feb
26
51 % Apr
18
48 ¥2
Apr
54
Oct
34% Mar 13
44 ¥2 Jan
15
26
Jan
41%
Dec
3
108
Jan
123
Nov
21
Mar
41
Nov
115 ¥4 Jan
15
118% Jan
3 7 ¥4
39 ¥4
4,500
Amer Mach & F ly Co
No
34 V2 Feb
25
45 ¥4 Mar 21
18 ¥2
18 %
19
19¥a
19 V8
19%
19
19%
2,500
Amer Mach & Metais
No par
17
25
20% Feb
8
11% Mar
19%
Dec
37 ¥4
18%
37
37%
38%
40 ¥4
40
40%
39 %
40%
17,700
Amer Metals Co Ltd
No par
33 ¥2 Mar
4
41 Va Feb
6
24 V2
Jan
39%
Nov
151
151 ¥2
Api'
17
130 ¥2
Jan
Apr
20% Jan
24
40
40%
40
39%
•
151
150
150
150
150
151
*150
151V2
preferred
'
250
par
1100
No par
American News Co new..
56%.
^900
16%
16%
15,800
124 ¥2
124 V2
124 ¥2
125
125 %
125%
125 Va
126
126%
126' .'2
2,200
$6
preferred
No
par
114%
115
114%
115
115
115%
115%
116
116 ¥4
117
2,400
$5
preferred
No
par
21%
20%
No par
16%
16
20 ¥2
21%
20%
-
186
186
186
*184
-
32 Va
32
31%
17-
20 V a
21V8
16%
186-
32 VB
32%
56
56
10 V 4
16 %
15%
-
55 %
56
*55
56
55s/8
184
32%
103 %
32 %
56 %
56 %
16%
21%
21 ¥2
21
'182
184
Preferred
40
32%
104%
4% %
104%
103%
51
52%
54
54%
55
57%
58 %
60
3,300
American
30%
30%
31 VB
31%
31%
32 Vb
31%
31 %
1,400
American
103 ¥2
*30
104
104
103%
50%
50
50%
50
50-
49%
49 3
71
72
69 ¥»
70
70
71%
71%
72%
188
188
*187'¥2
190
189 ¥2
189%
189%
*44%
45
44 ¥2
44-%
44 %
*49 ¥2
45
*44%
-
-
*165
170
*165
44%
34
33 ¥2
*33
*61 ¥2
45
34 Va
34%
33 %
33 Va
34
56
56 ¥4
57
156
156
155 ¥2
62
-
44 ¥2
34%
33 ¥a
-
63
44%
34
-
-
157%
*155
62
63
Monday
April 13
April 4 5
•
$ per-share
$ per share
191%
191%
93 ¥4
94
94 %
93%
94 Va
171
172 ¥4
27 ¥e
73 ¥2
*117%
27%
"17012
26%
72 Va
74%
121
*118
HIGH
194
27 V8
72 ¥4
1
121
105
Apr
3
75
Jan
99
Oct
5
60
Apr
18
18%
Jan
38
Dec
33 Va Feb
6
17%
Jan
31 Va
Nov
Dec
nreferred
non-cum
Stove
100
160
8
170
*105 ¥2
45%
*140%
12 Va
*82%
46
48 Vt
55
25%
26%
*
108
144
105 %
107 7 «
45%
46%
12%
26 %
-
-
Jan
43%
17
17 ¥2
Jan
29
Dec
Feb
16
22% Jan
31
Dec
58 ¥4 Feb
6
41
60
*.100
No
par
49 V4 Mar 13
147
Jan
8
47 v2 Jan
8
144
142 %
12 V'4
12%
85
85
45'/a
46 %
46
49 V'4
49%
55
54 %
108
46 %
12 ¥2
*85
50
49
54 %
13
*114
49%
145%
142 %
143 ¥2
47 %
10,700
46 %
50 %
55
$6
500
13%
12%
*85
50 %
55
114%
100
48%
*143Va
143%
87
45%
108
*105
49%
55 ¥4
13 Va
12%
87
*85
87
47%
52
47
'56
*19
8%
32
14%
'128
'142
60 ¥4
'105
31%
114%
*114
$ per share
$ per share
Wks
56%
57
57
19%
*19 V4
8V4
8V4
32%
32
15
'127
143
*19
8%
32%
14%
14%
130 %
143
59 ¥2
*105
'143
60 %
112Va
57
57
57 ¥2
57%
19 %
19%
20
2 c Vs
8%
8%
8%
33%
15
130 %
150
60%
'105
61%
112 Va
'
33
15
33%
15%
129 Va
129%
146
146
60%
'105
114
114
CLOSED
6
157
Jan
Apr
12
65
Jan
90
80% Feb
26
18
65 V*
Jan
91 ¥4
158% Jan
2
95% Apr
17.1 V4 Apr
lo
145 V4
Jan
161 ¥2
Dec
13 ¥2 Mar
24%
Dec
69 ¥2
Dec
223/4 Mar 13
61% Feb
Woolen
26
75% Apr
9
118
Mar 21
120¥a Jan
16
H6¥a
Sep
22
Mar 14
27% Jan
15
8V4
Jan
par
104
No par
100
.1
Anaconda Copper Mining
Anaconda Wi-re & Cable
.50
Anchor Hock-Glass
No par
Gorp
1250
preferred
No
Anderson, Clayton & Co
300
GOOD
Andes
Copper
;20
3 3%
8,200
Archer-Daniels-Midland
15 %
33%
15 %
40,200
130
130
152
152
Armour
140
61%
61
6I3.
112 Va
'105
112%
Inc
_5
No par
& Co of Illinois
Feb
27
29% Jan
3
57
Jan
3
150
Jan
25
155/a Jan
29
128
Jan
9% Jan " 3
79
Armstrong
4.200
Arnold
Coristpble
31 ¥2
31%
31%
31 ¥2
33 V4
32%
33%
32 %
33 %
2,100
28%
28 ¥4
28%
27
29 %
26 %
27%
26 %
27
4,300
61 ¥4
60
60%
61
61
61
62
62
62
2.500
Associated
150
150
'149%
142%
149%
151
142%
142 ¥4
150
142
142%
'54
55 ¥4
54
54
'106
107%
*106
107
V^ 142 ¥4
'52
¥2
55%
'106
107%
149%
141
'52
107 Va
151%
142
*150
142%
55%
107 V 2
l2o
152%
6%
-
100
104
103 Va
104
104 V'a
105%
105%
107
105
107 %
119%
119%
120
120
120
120 ¥4
120%
120%
120
120VB
500
72%
73%
72 ¥4
72 ¥4
72 ¥4
74
74%
1.8C3
43
43
42Vi2
42 %
41 Va
42 ¥2
*41
90
*85
5%
Jun
29 Va
Jan
49
Nov
60 ¥2 Jan
14
57 ¥2
Dec
57
18
45% Mar
4
40
Feb
28
112
Feb
28
43 ¥4 Jan
7
60% Apr
4
8
*85
43
90
*85
43%
90
43%
*85
44
44%
45 ¥4
119
120
119
119
119
119%
*108
109
109
109
107 %
108
29%
*94 Va
*131
*28%
J;* 15%
*115%
34
.11%
33
32%
95
94 ¥4
135
*131
30%
*114%
12
*28%
16 ¥2
11%
16 %'
*
117
33%
.
93 V;
'131
28%
16 ¥2
117%
33
94 V4
28 ¥2
16 ¥2
34 ¥2
33%
135
33%
11%
33 Vs
45 Va
118
*108 V4
34
94
93%
133
xl30%
30%
16%
115 Va
117%
33%
34%
30%
*15%
114
33%
75 Ve
74 %
42
*41
87
*85
45%
42
90
45%
47
120
120
410
109
10834
108 %
90
34%
31
34%
21,800
93%
250
130%
130%
90
For
70
footnotes
see
page
2176.
Atlas
pref
200
Austin
4
112%
112%
34 %
33%
11%
11 %
11%
12
68 %
69
fc9
11%
68
6
34
Apr
2
30
Apr
Feb
28
63 V2 Apr
10
131
% Jan
2
17
133 '
12
3
11%
68
40
-
1.500
Jan
3
par
48
Feb
27
55 ¥2 Apr
100
105
'Jan
3
96
Feb
115 V2 Feb
37.000
500
$5 prior
100
Jan
Dec
Jan
140
Nov
111
Jan
139¥4 Nov
45
Mar
12
84 ¥2 Jan
28
90
Apr
Dec
Dec
105 y4
Dec
108Yi Mar
76¥a
Jan
113 ¥2
Jan
120
101
Nov
Dec
16
83 ¥4
Dec
5
33 ¥»
Feb
45
Nov
71 ¥4
Sep
83 ¥4
Nov
30 ¥4
July
42%
Dec
Nov
11
33% Feb
26
47
Aor
18
14
123
Jan
31
100
107 V2 Apr
16
109 V2 Mar 18
24 ¥2 Feb
26
B_:
__5
No
par
loo
—No par
^No
rx»i
52 ¥a
Dec
Jan
lifP'o Jan
series
preferred
x295/a
48 Va
100
par
No
of
18
113
.25
par
>
norp
19%
48
11
Jan
Nov
Nov
Jan
120 ¥4 Jan
81
Nov
593/4
108
Jan
110¥2 Jan
46% Apr
141
10
21
3
Mar
42 ¥4 July
Oct
Dec
Nov
11 ¥2
26
Jan
111
30 ¥4
15
127 ¥2
9
13
37
Jan
8
Feb
65 Va Mar 15
Sep
6¥e
Nov
A
A
conv
108
23 ¥2
102 ¥2 Mar
106 ¥4
13
L_
Co
VMotinr.
$2.25
1
Nichols—
Autocar
112 V2 Feb
151% Apr
142 ¥2 Apr
100
;
15%
4
6
Jan
pfd
conv
*15%
33 3
17
15 ¥» Feb
18
RR
Atlas Tack Corp
114 3
33% Apr
44
]
Corp
Atlas Powder
600
15%
Nov
par
No
series
preferred
zCum
Nov
9%
100
Refining
31
68 %
69
■
conv
23 ¥2
Jan
par
preferred
'29
-
*•68
Line
non-cum
3.60%
9314
94
130 %
33.%
4%
Aug
4 ¥a
18
100
Coast
Atlantic
16.600
119%
12 ¥2
18
100
5%
8
Apr
1
Dec
Dec
Nov
5
61% Apr
23 % Mar
45
113
10 ¥4 Feb
4
2
Jan
24% Feb
152
132
Jan
July
49 ¥4
26
Atl G & W I SS Lines
—
26% Mar 22
24 ¥2
38 V2 July
Jan
Atch Topei a & Santa Fe
5% preferred
600
Mar
7% Jan
38%
109
3
51 ¥2 Feb
Atlantic
6.300
18
Apr
xll4% Mar 21
107 % Jan
preferred
Dec
6
par
Assoc Investment Go
10
Dec
51% Feb
1*00
100
55%;
11%
Dec
4
7
2d preferred
142 %
140
Dec
Nov
43% Jan
Feb
preferred
107',4
*52
'106%
103%
75
7%
1st
31%
83
136
s
112
Jan
3
Corp
5¥a Mar
26%
60¥2
10
Dry Goods
100 ¥a Mar
121 ¥2 Mar
9
:i
Artloom- Corp
60
Jan
Jan
Oct
Apr
12% Jan
100
9
Dec
85
122 ¥4 Jan
No
99%
Nov
9
No
...
43 ¥4 Mat
ig6%
Jan
5
Co.*
preferred
28%
9
25
JVo
Cork
$3.75
—
110 ¥2 Feb
No par
$6 conv prior preferred
7% preferred
500
par
21%
Mining
P W Paper Co
14
par
,
500
FRIDAY
Jan
No
preferred
A
8%
29
100
1.900
8%
share
Feb
95
!25
$4
Highest
$ per
195
$5 prior conv preferred
10
share
26
:__14
Preferred
5.200
EXCHANGE
57 V2
19%
8%
130
142
60%
112 Via
20
32%
14%
130 ¥2
57 ¥2
114%
S per
No
& Flee
Amer Zinc Lead & Smelt
520
STOCK
57
*11-4
Lowest
26
23.200
52%
56 %
114%
Nov
.Year 1945
Highest
-
*114
53 ¥2
80% Feb
100
47%
51%
56
1st
American
10,900
Dec
Dec
151
185 ¥4 Feb
10
Viscose Corp
preferred—!.
Water
Jan
_25
preferred
5%
Am
11,000
29%
100
American
106
Apr
18
__25
2,800
121
47%
10
Aug
128% Jan
100
;
Amer Type Foundries Inc
106
47%'
Apr
67 V»
Lowest
"Tobacco_____
2,800
26%
158
4
Range Since Jannirv 1
par
27%
2C %
Dec
27%
Apr
36
-
27%
27
Aug
Range Tot Previous
28
26 ¥4
Dec
164
35 V4
Common class B__
6%
Feb
50 Va Feb
Anier Telep & Teleg Co
American
153
2
STOCKS
27
27
105 %
*
46 V4
"141%
"
85
26%
31
"50Va Nov
2
-
26%
Jan
181
27 V2 Jan
pur
„100
320
73 ¥2
Jan
190
28 ¥4 Jan
Tobacco...^
169 %
72 %
9
39% Mar 13
Refining
109 ¥2
*118
14
No par
No par
170
73%
¥2 Mar
No
Co
170
121
26
Apr
3,300
72%
Feb
Feb
-TOCK
EXCHANGE
Shares
95%
-
44 V4 Apr
NEW
94%
*118
2-7
Jan
'
94%
Dec
26
41 ¥2
the Week
94 %
30%
164 ¥4
Frldasr
94%
Dec
Mar
184
6
Am Sumatra
! 900
73%
Jan
J an
17
500
9,800
121
15%
176
Apr
500
94 %
72%
6
50 ¥2 Feb
6714
193 %
*118
14
7
177
155%
93%
27%
Feb
36% Feb
Mar
35% Jan
25
%
9 3 ¥2
27 ¥2
186
180
19%
'
100
155%
93 ¥2
171
Jan
Nov
American
94%
171
11 ¥2
44%
American Sugar
Preferred
192 ¥2
16
95 V4 Feb
No- par
American Stores
194%
Feb
68 ¥4
1,800
193
23
-.100
Amer SteelFoundries
$ per snare
3
Jan
6%
900
situ re
Dec
17 ¥2 Jan
Aug
2,900
$ pti
95%
40 V,
56%.
snare
Jan
32
*55 %
$per
Dec
54%
5
3,800
i
104%
18
29
45 38
f
Jan
Apr
Apr
35 V8
April 19
80 ¥2
117
73% Jan
44 ¥2
Thursday
April 18
Nov
4
3
52
10
PRICES
13%
Apr
88% Jan
10
60
4
57
Wednesday
April 17
Jan
126 ¥2
4
35
SALE
2%
2
39 % Mar
35
66
3
60
*34 %
66 %
3
10% Jan
97¥4 Jan
No par
34 %
155%
44% Apr
No par
45 %
155%
142 ¥2 May
3
American Snuff
94 ¥4
94
170
*170
170
"151 ¥2
27 ¥4 Jan
Preferred
900
4
24"
Ship Building Co
Amer
220
45
175
44 3
'93'%
95
'.93
44 V'2
66%
a
-
April 16
192%
193
*191
190
* Jan
Amer Smelting & Refg
170
3,600
35 %
57
4 per share
193%
49%
71%
45
155%
AND
49%
71
104
18.50
Safety Razors
Seating Co.—
34%
Tuesday
-
4
Feb
10
Mill.-
prefer red--
conv
x34%
63
LOW
Saturday
191%
170
43%
-
-
54
54
170
55
44%
34
*166
170
-
i840
100
_.
Rolling
American
10,900
31
51 ¥2
No par
Am Rad & Stand San'y
28,100
186
32 ¥4
33
Power & Light
Amfer
51%
104
103%
~
103
30
95% Mar 22
7
39%
18 Va
39 ¥a
*184
4
45 V4 Jan
Mar 1
Feb
196 ¥2 Jan
43% May
169 ¥2 Apr
39
71
50
378
137% Feb
1
No par
Tiling
Ice
6% non-cum
2,700
51
35 ¥4
Jan
preferred
American
14%
50 %
71
Hide & Leather
conv
Amer Internat
13%
36%
1
No par
3,600
14%
51
Dec
54 ¥4 Apr
Hawaiian SS Co
American
3,900
110
13 ¥2
51
11 %
stamped
Co
Encaustic
American
14%
36 %
Jan
American Home Products
15
13%
17
10
100
100
2,800
13 %
'14%
11% Jan
Sugar
6,100
59
17
1
European Sees
American
"900
10%
Sep
8% Apr
$6 preferred
3j900
FRIDAY
35
r—10
50
Lines Inc
Amer & Foreign Power
$7 preferred
$7 2d preferred A
12,800
123%
118
110
113
CLOSED
Jan
American Export
13,800
1,600
GOOD
114
Amer
4;800
STOCK
EXCHANGE
23
preferred
American
400
56 %
55%
11%
126
42%
44
2,600
10%
Dec
18
No
Distilling
69
10
*21 ¥4
Dec
39% Apr
prior preferred
22 V2
x68 %
9%
22 ¥a
1st
104¥a
5
No pur
.100
No par
100
Fdy
preferred
Cable Inc
American Crystal
27%
69
68
10
'81
Dec
27% Aug
20 Ve Jan
3l¥-> Jan
American Colortvpe Co
4 Va%
preferred
104%
Dec
102%
56 Ve
*
25
Chicle
American
3500
33 %
Dec
48 Va
6
1
50
preferred
conv
105
104%
'104
21 %
124 ¥e
43%
42%
109
9 ¥2
79%
5%
380
150
&
non-cuni
28
28
104%
69
11 ¥1
123
79%
104%
'21
22
53 ¥2
11%
11%
9 ¥4
-
32 ¥2
32 ¥2
124 ¥8
55
55
122
68 ¥2
22
22
22
149 ¥4
31%
60
144
*142
7%
Am Chain &
36%
10
Jan
100
Car
American
1,300
30
39
38 Va
Preferred
4200
38%
Jan
59 ¥2 Apr
107 ¥2 Feb
15
Can
-American
3;200
70%
132 V4
38 ¥8
150%
'
1130
132 ¥4
149
106
'103%
69 ¥4
9
72
71
104%
68
'103%
103%
103%
70
5,600
26
28
Mar 19
33
58% Jan
Amer Cable & Radio Corp
30,900
38 ¥2
143
28
5104 ¥2
15 V8
99%
143
77%
76%
28
28 ¥4
'104 ¥4
28%
106
104 Va
38%
31 ¥4
30%
75%
75%
77%
77%
'28%
'
31%
31 ¥4
31%
31%
50
207%
14%
99
207 ¥4
151%
149 ¥a
6,500
131
143
*142
151%
150
151%
'150%
143
'142
143
143
64 %
62
4,800
132%
'131
132%
38 Va
38
131
"
38%
25%
25 %
131
2o<%
'205
207%
132 ¥4
¥4
132
38%
x39
100%
207 %
69
68 ¥2
69%
69
'129
14%
15%
14%
98%
207%
207%
'129%
60
85
'83
Feb
45% Feb
104
4
Amerada Petroleum Corp—No par
Amer Agricultural ChemicaLNo par
American Airlines
5
American Bank Note
10
6%
preferred
50
American Bosch Corp
1
Am Brake Shoe Co
No par
5Va% preferred
100
1,300
45
$ per share
47 Va Mar
"8% conv preferred
1,500
164'4
164 V4
Highest
tper share
No par
Alpha Portland Com
Amalgam Leather Co Inc
18,800
44%
$ per share
No pat
Aliib-Cnalmers Mfg
900
39%
100
preferred
4%
10,700
10 ¥2
24%
131
57%
56%
39%
24
'129 V'a
Ailiea btores Corp
200
No par
No par
Allied Mills Co Inc
6,200
10%
56 %
131
2,900
58
167 V8
163
44%
a
42 V,
*33 ¥a
65%
68
165%
44%
87
42
10 ¥4
87
44
34 V4
105
39
39
163 V'a
165
160%
166%
65 ¥2
85%
'60
61
61
4165
104
104
105
105
105
'104%
57
Highest
$ per share
Par
Shares
S per share
Lowest
Lowest
EXCHANGE
the Week
Year 1945
Range Since January 1
YORK STOCK
NEW
57
33%
35
57 y4
106
Sales for
'104
24%
S'i Va
*104
April 1!>
April 18
April 17
April 16
Range for Previous
STOCKS
Friday
Thursday
<The>
5c
"»
No par
78% Mar
120
8
Feb
15
25V4 Jan
12
14%= Mar 13
108
Feb
13
26% Jan
3
9% Jan
59 ¥4 Jan
3
-
3
110
Apr
14% .Jan
34 % Apr
17
97% Jan
18
60
Jan
133V4 Jan
15
113
Jan
Feb
15
18 ¥2
Jan
20% Jan
14
10¥2
Jan
32
120
27%
Dec
94 ¥2
Dec
Dec
130
27 ¥2
Dec
Deo
Nov
Dec
10¥2 Dec
20 Va
Jan
11
77
Jan
131
37% Jan
29
14Jan
29
14% Feb
16
126
83¥2 Feb -3*-
5 ¥4
Jan
5232T Dec
Dec
163
Volume
Number 4483
THE COMMERCIAL & FINANCIAL
CHRONICLE
2167
NEW YORK STOCK RECORD
LOW
Monday
April 15
Saturday
April 13
$ per
HIGH
SALE PRICES
Tuesday
April 16
Wednesday
$ per share
$ per share
share
AND
$ per share
Thursday
April 17
April 18
$ per share
STOCKS
Friday
Sales for
April 19
the Week
$ per share
Range for Previous
NEW
YORK STOCK
EXCHANGE
Range Since January 1
Year 1945
Lowest
Shares
$ per share
Par
Highest
$ per share
Lowest
f per share
Highest
$ per share
B
31%
30%
32
31%
31%
32%
32 %
32%
32
32%
Baldwin
24 %
19,600
25%
Baltimore & Ohio
23%
24%
23%
24%
38
38
38'%
24%
38
24%
38%
39 %
39 %
19,200
40%
24%
24%
39
24%
39%
23 %
24%
24
4,200
24
24
.81%
*80%
81%
*80
40%
39%
40%
61
60%
61
*24%
*80%
81%
40%
40%
39%
60%
60%
60 %
*80
*55 %
55%
*55%
29%
29%
29%
25
25%
25%
56%
57
%
56%
24 %
56%
60
59
28
-
*40%
'131
-
24%
31%
55%
55 %
60
30%
30%
30%
31%
9,500
32%
31
31%
56
58
59
22,500
59
59%
59%
1,400-
59 Va
*40%
32%
26%
27%
106%
300
24%
Bell
Aircraft
10,400
Bell
&
10
51
52
3,700
Bendix
34
32 %
33%
3,100
Beneficial
2,300
Best
Bethlehem
28'A
107%
106
166 %
*164
*164
166'%
*81
166%
*81
83
82
43%
55
%
31%
31%
31%
32
*52%
52%
53%
53 %
54
*110%
112
112
111
29 %
64
107%
108
64
44V4
210
*108%
64
*63
44%
43 %
210
210
54%
54%
55
54%
55
54%
55 %
54%
55
111
30%
29
66
*62%
110
*108
64
*63
44 3 4
30
64
110
65
300
90
STOCK
50
EXCHANGE
6.900
CLOSED
I,600
GOOD
110
FRIDAY
60
54%
55 %
8%
8%
*8%
8%
8%
8%
55%
55%
55%
55%
56 %
26%
27
26 %
263
26
26
78
t
80
80
1,300
400
4,200
80
300
1.6%
16%
16%
17%
17%
18
18
19%
14,400
50%
50%
50%
51%
50%
51%
50%
51%
3,300
64 %
64 '/a
64%
63
'
38%
35
*37
109
33
35
40
109
33
23%
58
*112 Va
35%
*107
38 Va
*107
23%
*124
57'
113%
39 %
*107
63
*61 %
58
64
58%
112%
112%
35%
35%
63
59%
113%
39%
109
38%
*106
Class
59 %
*112
36
36
39%
39 %
109
106
63
400
59%
1,000
114
20
36%
3,400
39 %
700
109
Boston
125
Brlggs & Stratton
34%
36
3,500
23%
7,200
Bucyrus-Erle
21%
22%
21%
2 2'A
21Va
21%
95%
95%
95%
96
96
97
22%
22%
22 Va
23
22%
23%
23
23%
23
23%
5,600
*37%
38%
38%
37%
38%
600
106%
1,100
Buff
42%
1,100
Bullard
*107%
45 Va
43%
44
41
45 Va
44
107%
*40 %
107%
40
44%
38%
44 Va
*108%
107%
*106
40%
40
40%
42
45%
46 Va
46%
42%
43%
*108%
*108%
106%
106
42
42%
46%
47
43
44%
610
Bulova Watch
A
"A
Ar
444,100
19%
18%
19
19
19 Va
19
19%
II,600
12%
*12%
*12 Va
12%
12%
12%
12%
12%
12%
12%
500
*98
99%
99%
*98
*91 %
92
91%
30%
31
30
*108%
*
110
7%
7%
29 %
107
108 %
29 %
*98
91%
7%
7%
7Va
29
29
98 Va
*30%
*108%
110
A
29%
*98
92
*91
30%
'
%
A
*91
30%
110
7%
30
107
*107%
107%
3 07%
107%
36
35%
35%
35%
29%
35%
Saturday
April 13
Monday
April 15
Sper share
$ per
*98
99%
107
89 %
92
31%
31Va
31%
110
*108%
47
56 %
108
170
35%
400
57%
April 18
Sper share
Friday
the Week
t per
Inc
Jan
38
Dec
13Va
Jan
25 Va
Dec
26
35.% Feb
8
Jan
32'A
Dec
54% Apr
10
20'A
18 %
3
58% Mar 13
36% Jan
7
Jan
6
Mar 26
73 1V Jan
9
10)% Mar 11
68
Jan
12
45% Mar 18
Jan
xl08 % Mar
Dec
Apr
49 %
Jan
78
Dec
95
Feb
109
Dec
52%
Apr
24% July
■34%
Dec
67%' Dec
40 Va
3
210% Apr
9
114
44% Jan
4
55% Apt-
13
33
%
Apr
44 % Feb
26
56
Jan
17
36 Va
Apr
55
31 % Jan
Dec
45'A
8% Apr
51
15
Mar 18
13
34 5
72
21
85
Jan
46'A ^eb
26
53
191
Dec
Oct
Nov
a
23
5%
Apr
10%
Jun
Jan
62
25% Apr
xl6Va Mar 14
Jan
8
42 %
Jan
59%
Nov
Jan
9
17% Mar
37%
Dec
47
80
Feb
1
20 3 a Feb
16
10% Mar
19%
Dec
5*3 % Jah
28
37% Mar
52%
Nov
6 4 % A pi-
13
Jan
Dec
Feb
13
35% Jan
10
60
Mar 26
Dec
36
Dec
110% Jan
9
115
3
106
July
112
Nov
8
21
Jail
31% Feb
26
35% Feb 26
108
Feb
31
21
Apr
36% Apr
40 % Mar
35.%
59%
Dec
35% Nov
39% Apr 17
110% Mar 18
Mar 15
37% Jan
11
23%
18% Mar 14
10
12% Mar
9
10 Va
Jan
25 Va
Jan
2
24 V8 Apr
130
Feb
20% Feb
25
26% Jan
120
93
Jan
2
Jan
120
Jan
40
Nov
20%
Dec
128
Nov
Dec
3
99% Jan
6
74%
Jan
97
Oct
21% Feb 26
28 Vb Feb
4
10
Jan
247/a
Dec
30% Jan
45% Feb
2
22 Va
Jan
37%
Oct
18%
Jan
39 Va
Dec
105
3
Mar
6
35
Feb
38
108% Mar 28
26
Ol
10"
29
SO 3
Feb
25
38% Jan
3
4
A APr
15
No par
I6V2 Feb
2o
20
Jan
9
Jan
20%
Dec
1
10% Feb
25
15% Jan
29
7% Mar
15Va
Nov
90
10
4
77% Aug
59 % Mar
95
Nov
81
Nov
14%
27%
—.100
—
Bldg 7 % preferred
Bros.common—
Jan
48% Mar 30
46% Apr
111
10
Mar 22
.% Apr
100
30 % Aug
20%
Apr
100
75% Jan
2
95% Apr
1
25% Jan
4
32 % Jan
29
24
109% Jan
3
13%
preferred——
Butte Copptir & Zinc.—
Byers Co (A M)—
-—.100
109
Jan
6
6
Jaft
3
9 % Jan
6
Np par
24'% Jan
3
35% Feb
16
Participating preferred
Byron Jackson Co
__100
No par
99% Jan
2
Jan
7
Dec
Dec
87
29% Feb
26
36 % Apr
10
stocks
NEW vo'hk
Qp
»
105% July
3%
Jan
Dec
110
Jan
Aug
22% Mar
Oct
7Va
Dec
28
Dec
101 >/2
Feb
39
Nov
Range for Previous
,
STOCK
Range Since January 1
Lowest
Highest
EXCHANGE
Par
Dec
39%
111 Va
Jan
15
109
42%
Apr
Sep
105
11
-10
-
u
Dec
42%
112
17%
108% Jan
preferred
SEZL
Dec
—100
Shares
share
72%
23
par
5
Bush Term
Sales for
April 19
Jan
15
16
Jan
Terminal
:
S per share
46 Va
1.500
Thursday
April 17
$ per share
29%
107
LOW AND HIGH SALE TRICES
Tuesday
Vveunesuay
share
7,300
*35 Va
35%
April 16
3%
29%
30
Bush
Butler
48
Feb
30% Feb
Corp common—1
—
4%%
110
7%
7%
107%
35%
140
3,000
10
41 %
179
par
No
Common rights
Burroughs Adding Mach
6%
99%
92
30%
*108 %
7%
rl/64
Dec
Nov
83% Apr
1
Co.
Dec
155
2
7
No par
—
Burlington Mills
4% preferred
Jan
26
9
Co__
1,400
127
Feb
Niag El Corp $3.60 pfd_—100
8,000
Mar 22
60
Co
46 %
168
21
No pat
43%
18%
■
2
104% Jan
pat
No
Forge
98%
35
15
Wheel
Buffalo
28%
Jan
1.13
100
43%
*108%
%
19
No
$5 preferred
Budd
35 Va
Aug
65
2
.No par
No par
(E G). Mfg—
Budd
% Aug
17
6
26
Co
46%
*108%
A
%
19
*35
*37%
107
26,200
Dec
22
113% Jan
26 % Feb
«ar
preferred
21%
95%
Dec
100
Bruns-Balke-Collender
23 %
94%
Nov
30
2.50
new
23%
21'A
-
Inc
34 Va
21%
63
3
29
38% Jan
15
No
Dec
109Va
6
26
109 % Jan
par
1
-
Bristol-Myers Co New
3%% preferred
Brooklyn Union Gas.
1%
Dec
63% Feb 27
5
$3.60 preferred
125
Dec
Nov
22% Jan
29
Feb
par
23 Va
*124
■
Jail
>/a
Va
33% Jan
No
34
125
19 Va
24
29
35
Apr
Feb
93% Jan
149% Jan
5
Manufacturing
95
*107%
18
—2.50
227
*37'/a
49% Apr
22
Briggs
21%
39
2
31 % Jan
(assented)_1Q0
33%
*124
6
17
par
Inc
22%
125
Aug
103% Sep
47% Jan
17
par
94%
*37 Va
RR
Co
Jan
Jan
No
Shoe
112
Apr
Bearing Co
33 Va
*124
May
18
5
23 %
125
Jah
12%
lo
33
124
12 Va
17
Apr
58
100
22%
0
11
28
37
34
No
32%
*
25% Apr
7
Brewing Corp. of America
Bridgeport Brass Co—
Brown
9% Apr
35 % Jan
Mar 13
Corp
Airways
Dec
5
(The)
Roller
Dec
136
100
common
Maine
&
Bower
Braniff
42
Jan
par
preferred
Co
Dec
Aug
Jan
No
Bond Stores Inc
17 Va
35
114
Mar 13
4
Dec
Jan
15
50
8
A
15
55%
110
14
Mar 27
108% Jan
par
No
Nov
Jan
.
28
Biass
&
32% Apr
43
19 % Mar 14
par
No
Deo
47
140% Feb
26
100
B
Borg-Warner
55%
*55%
35%
No
class
Co
7
5
<Del)_;
Aluminum
Ami
2,800
54%
55'%
78
Bon
Borden
55%
26'%
*76
Bohn
3
5
Jan
24
100
Laughlln Inc
Bloomingdale Brothers
Blumenthal & Co preferred
Boeing Airplane Co
2.600
55
26 %
78
1,4% Jan
39% Jan
127
67% Feb
par
No
Feb
24%
—„
Bliss &
4% %
17
35%
Dec
...
.
Loan
Co—
400
*54%
57
xl06
8
)
preferred
4,900
8%
*112 Va
7%
44%
26 %
59
5
Mar
1
210%
8%
1137a
Jan
Feb
110
4
Feb
1
43'1,
50%
■
36
110
21
Foods
204%
210
16%
*57
7
10
104
Blaw-Knox
50'A
*112%
56% Jan
106% Jan
Bigelow-Sanf Carp Inc
No par
Black & Decker Mfg Co—No par
66
44 %
*63
18
1,700
30%
210
*73
59 % Apr
6,900
54%
78
4
41
57 %
*75%
40% Jdn
14% Aug
33% Jan
28%
65%
64
*200
18
28%
30'A
107%
44%
210
39% Feb
40%
68
63 %
4
28%
*111
112
107%
63 %
200
20% Jan
40%
32
30 %
107%
79%
25
4012
52%
*66 %
300
54
Jan
28
53%
29
79%
166
Dec
16%
10
Aviation
Steel
Dec
52%
17
40%
*52
*110'%
80%
28
Dec
23
28 Va
53%
67
80%
49%
107%
42
30 % Apr
40%
28 %
*52%
30%
*164
27%
Dec
18
55 % Jan
28
40%
27%
112
48%
27%
105%
*31%
67
48
28%
106 %
39%
29%
47
27%
105%
Apr
Jun
Dec
2
_»
Best & Co
4,000
6.900
V2
27%
105%
67 %
23
81
52%
9
1
Co
Indus
2
Mar
% Aug
17% Jan
Jan
20
preferred
52 V8
33 %
32 %
25%
4%%
52
33 %
29
Jan
Jan
66
9
21% Jan
No par
Corp
Howell
4
25
^
Belding-Hemlnway
7,800
36%
Feb
49% Jan
53
—50
31%
110
12%
3
100
RR
Beech-Nut Packing Co
2,900
25% Mar 25
84
Jan
par
:
No
preferred.,
Corp
Aircraft
Jun
Nov
par
4%%
Creek
28%
44%
1
No
Dec
Jan
Jan
5
Corp
Creamery
46 %
*31
*55
Beech
Beech
131
35%
11%
19%
38
par
50
1
preferred-
Shoe
52 V8
166 %
40
8%
35%
*108%
$4.25
33'/a
27%
55
31%
37
110
Beatrice
Beck
24% Aug
16
28
37% Mar 15
10
Co—
Works
30
30*% Jan
47% Jan
75
,—100
No
38% Jan
Mar 13
Apr
9
20% Feb 25
50
,,
Cigars Inc
46
52%.
32%
54
32%
36
110
5,600
42%
Bayuk
52%
27%
54 %
23%
110%
*110
*31%
43%
25
28%
Iron
45%
27
82%
*200
31%
36
*40%
131
Bath
Oil
32%
104%
165 %
107%
43%
60
120
Mar 22
22
38
preferred.
52%
%
105%
*62
32 Va
34%
28%
133
24 3s
2,200
108%
106
4%%
Barnsdall
31%
32
*110
*41
62
108
106
29%
131
24%
*
30
100
Brothers
45%
53%
*39 %
43 %
31%
34%
110%
28
135
24%
59%
107%
106%
29
*131
60
107 %
*105%
106
28%
43%
*59
108 %
106
24%
32
60
*107%
135
24%
32%
*81
Barker
30 %
*109%
165
2,100
32
32%
47
67 %
30%
140"%
32
63
30
29%
32%
53
62 %
700
31%
-109%
*46 %
3,700
24
56 %
28%
*131
32%
81
41%
*55 %
,60
*40%
43%
24%
81
40%
55%
106
28 %
135
80%
55 %
108%
105 %
28 %
61
—13
—100
41%
29%
*107%
106
105%
40%
Works
4%
preferred
Bangor & Aroostook—
Conv 5% preferred
Barber Asphalt Corp
30 %
59%
108%
'107%
55 %
24%
Locomotive
t per, share
S per
Year 1945
Lowest
styare
$ per share
Highest
$ per share
C
47
47
46%
46%
46%
47
58
57%
5%
58,
5h4
*56%
58
5%
9%
97/a
9%
16 Va
9%
10%
10
10%
37%
37%
37%
37%
37%
37%
38
39
*57%
5%
45%
45 ?A
131%
131%
55
20 Va
45%
*130
55
20%
*67
*56%
*135
47%
*9
46 Va
*178
*75
76%
10%
22.000
Calumet & Hecla Cons
38%
38%
3,300
45%
130
45%
45%-
2,400
453/r
131
130
57
55
55%
55%
120
130
55%
10O
44.000
20%
203/a
20%
70
70 Va
71
1.40O
Cannon
19%
19%
19%
19%
2.000
57%
*56 %
57%
135%
135%
135 'A
*56
106 Va
48
48
49
30%
29 %
59
9
9
9
%
47%
46%
178%
*178%
76'A
76%
76
159
*106%
76%
106 7/B
159%
160
76
76
*106%
160
58 Va
9%
9%
46%
47%
180
*178%
76%
76%
76%
75
58%
10
47 %
180
76%
100
50
30%
59
'
49
30 Va
59
46%
76%
106%
48%
307/a
178 %
76 y4
159
*56
135%
30 Va
9
158
57%
136
47%
*58
4 7'A
107
Va
*135
180
156%
900
4.000
STOCK
1.000
EXCHANGE
3.000
CLOSED
GOOD
FRIDAY
7.000
10
Clinch
Carolina
Steel
Carpenter
Carrier
Caterpillar Tractor
6%
Apr
9%
Nov
39
J 7
Mar
32%
Nov
4.600
106%
106%
400
$4.75
160
159%
159%
140
7%
30
29%
30%
29%
30
21%
*21%
21%
21
21 Va
1,510
26%
26%
27 Va
26 3A
27
3.400
Central
14%
14%
15
15%
15'A
15%
15%
15%
15 3/4
16%
21.100
Central
11%
9.300
11%
113%
11%
113%
*17'/a
17%
41%
*40'A
37
*36
17%
41
*36
11%
11%
*113% 115
37
40
*36 %
11 %
113
11%
11%
X48
47
46'A
47
46%
48
48%
48
20%
20%
21%
21%
22%
22%
22%
22 Va
36%
36%
*36%
37'A
37'A
37%
37%
38
59
*
111 Va
.
38
40
48%
22%
1,100
4,500
34,700
Chain Belt Co
Champion
59%
59%
59 %
600
111%
111%
111%
20
30
*29'/a
$4.50
Pap & Fib Co
preferred
30%
30
30 »A
29 %
28%
28 3A
21
23
23
24
23%
233/4
24
24
59%
50
59'A
59
59%
59
59%
5PVa
59%
9,200
Checker Cab Mfg new
Chesapeake Corp of Va
Chesapeake & Ohio Ry
13%
13%
13%
13 Va
13%
13%
133A
14%
13 3A
13%
2,300
Chic
22%
22%
22'A
22'A
22
22%
22%
23'/a
*22%
13
13 y4
12%
12%
12%
12%
133/a
27%
27%
27'A
27%
27%
12%
27%
27%
28 Va
26%
26%
26
26%
26%
27 Va
27%
28 Va
27%
68
69
67%
67%
68
69
69
69%
69 y4
1,300
900
23
2,100
13
13
2.800
27%
27%
1,900
&
East
111
RR
Co
For
footnotes
see
page
2176.
10%
Jan
20%
Deo
Jan
72
Nov
11
Jan
21
Dec
55% Feb
28
52
Mar
126% Jan
2
preferred
70%
5,600
Chic Milw St
Series
A
5
53% Feb
10
116%
Jan
9
32
Mar
26'A Feb
26
31
Jan
30
21
Jan
26
60
Feb
PI
8% Mar 14
40% Mar 13
66
Feb
par
Oct
Nov
3
26
56
Feb 25
106% Apr 11
Mar
8
22% Jan
3
154
10% Jan
2
47% Apr
10
183
Jan
8
77
Jan
15
77% Apr
8
109 % Jan
14
161% Jab
3
,30% Apr
17
5%
Jan
35%
Jan
152
47%
37 %
49
Dec
33%
Nov
10
Dec
48%
Dec
Jan
175
Dec
Jan
71
Nov
Jan
66%
Dec
104% May
110
Jun
127
159
Dec
14%
Jan
Jan
25%
Dec
20% Jan
2
21% Feb
16
18 %
Jan
21%
25% Feb
26
29
Jan
15
20%
Apr
31%
Dec
1
10% Feb
26
iG%Aor
18
4%
Jan
11%
Dec
Nov
100
10% Mar 15
112
Jan
16% Apr
37
No
vtc
preferred—.
Feb
13% Jan
Sep
24
11%
Nov
13%
Jan
29
109%
Jan
115%
1
23% Jan
17
10%
Apr
20%
Jun
25
42% Feb
16
25
40
Nov
7
116
Mar
Feb
par
28% Jen
Apr
13
10%
Jan
32%
Dec
No par
42'A Feb
26
51% Jan
16
33
Jan
50 %
Dec
1
14% Jan
3
22% Apr
17
7
Jan
16%
Dec
par
29% Jan
7
43
31
No
'ft
Jan
21% Mar
33
Oct
Feb
26
61
Apr
11
28%
Jan
55
Dec
108 V2 Feb
26
114
j^n
17
108%
Oct
112
Nov
Jan
22
Dec
45
par
par
1.25
23
Apr
4
33
Apr
9
3.7% Mar 13
2*
Apr
18
14%
25
54% Jan
5
63% Feb
16
47% Mar
58%
Oct
par
9% Jan
2
18% Jan
23
15%
26
Jun
40
20% Jan
2
26'/a Jan
28
6% Mar
12%
Jun
25
5%
12%
Jun
5
—
No
50
—3
_
P
56
135
4
No por
A...
Chicago Great West RR Co
5%
45% Mar
57% Mar 26
135% Apr
55% Feb
Jan
Class
'
19,400
Oct
Dec
Dec
48%
175
No
59%
29
%
2
1
25
No
20%
*23%
56
16
Products
700
5° %
128
18
,
Copper
Pasco
45%
Feb
Apr
.No par
Mills
de
Cerro
Jan
Jan
,1 nn
Sugar Co
Century Ribbon
38
*111%
59
111%
Vloleta
Certain-teed
47
22 % Feb
Central Hudson G & E Corp.No par
Central 111 Lt 4%% preferred—100
Central
47
58'A
Co
800
20%
111
Foundry
41 Va
37
31
113%
71
tCent RR of New Jersey
41
7
20
600
37
9
Jan
No par
17%
40
17
Apr
53
2'
No
17
36
Mar 13
49'A Jan
134
1
-
113
40
18
6
4
26
,
Aguirre Assoc
17%
40 V8
Mar
62% Feb
100
113%
37
Mar
53
20
16'A Mar
No par
17%
90
41% Mar 15
124
Apr
50
,
17%
113
25
par
Ry
1st preferred
26%
18
Feb
Apr
A—1
10
2d
21
6.700
,x30
Dec
100
class
Celanese Corp of Amer
73 %
106%
28%
30
28
5
1.300
29'A
58'A
12% Jari
100
26 Va
111
7
Preferred
21'A
59%
8% Jan
Carriers & General Corp
Case (J I) Co
28%
111%
Dec
Copper.
5
No par
4
10
26'A
*58
56
Jan
series
20%
*111
Sep
1 %
Co
4%
29 %
.
43
52%
Corp
Preferred
26%
41%
Jan
10
16
Ohio
&
21
*17%
27%
Apr
7 % Feb
No
26%
11%
11%
*113% 115
8
58
Mills
preferred
Celotex Corp
5% preferred
29
47% Apr
7
Capital Administration
$3 preferred A
58 Va
76
2
7
3% Jan
50
Campbell W & C Fdy
Canada Dry Ginger Ale common—5
$4.25 preferred
No par
Canada Southern Ry Co—
100
Canadian Pacific Ry—
25
67%
19
56%
75%
Jan
Jan
1
20%
9
39
54
par
'
Zinc-Lead
19%
107
*20%
—No
Callahan
69'/a
136
46
77'A
5%
18.600
5%
*67%
30%
*178
76
*55%
47%
9 Va
150
5%
10
5%'
20%
29%
46%
57
Packing
preferred
69 Va
19
*58
180
57
California
20 Va
47%
30>A
58 7/a
5 %
1,800
20%
56%
*135
47%
30 VB
46%
131%
18%
57%
58
46
*130
57
*67 Va
136
*
46%
'
46%
20
19
5%
131 Va
*55%
69'%
*18%
5 Va
46%
50
No par
100
•
Jan
9% .tan
2
1"%
27% Apr
9
33% Feb
16
24
Jan
25% Mar 29
28% Jah
29
24%
Oct
33
Dec
82% Jan
28
66%
Oct
74
Nov
67% Apr
15
'nn
Jan
34 % Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2168
Monday, April 22, 1945
NEW YORK STOCK RECORD
—
HIGH
LOW AND
April 13
$ per
$ per
share
STOCKS
Wednesday
April 16
April 17
$ per share
share
■
■
PRICES
Tuesday
$ per share
Monday
April 15
Saturday
SALE
Thursday
April 18
$ per share
Friday
April .19
the Week
$ per share
37
37%
37%
38
37%
38%
38 V4
38%
8,400
69%
70 %
69 %
70%
69%
70%
70 Va
71
70 V4
70%
4,400
31
30 %
31 %
31%
32 %•
32%
33
33 Va
33%
2,800
a56
56
*56
56%
56
56
56 Va
56 Va
56 Va
300
*60
61
*60
61
*60
61
61
61
60
60
80
*23%
24
*22%
23 %
22%
22%
22%
*22%
23
300
21%
21'A
37%
9
48
*113'/a
95
132%
33 Va
116
57'A
37%
35%
5,100
9,900
210
94%
94
105 Va
*104
105%
40
33
33 Va
33
33%
5,400
94 Va
33%
66
66
66%
66%
56
35%
6,500
134
*111
57
*104
94%
104
x32 %
116
34%
35
93%
132 Va
134%
56
56%
104
33 %
32 %
343/8
33%
140
*113'/a
55%
105%
*104
23,800
135
94%
94%
95 3/8
105 Va
10 V4
49%
116
33%
33%
33 Va
33
*104
10%
48%
133%
56
56
55%
10%
48
20%
*113%
116
55 %
116
*46%
133%
130 Va
133 %
1323/4
*113 Va
2,000
10 %
48
20%
10
48
22%
10%
48
20%
10
*46'/a
8%
8%
21
*20'4
21
21
48
22
*56'A
94
67
400
67
*65
67
*192
198
*192
198
*192
198
>190
198
*192
198
*105
108
*105
108
*105
108
>104
108
*105
107%
*111
111%
111%
*110%
111%
*111
111%
50
71 Va
1.000
66 Va
66 Va
111
110%
111%
70'/a
108
*106'/a
108
•101%
104
*102
105
70
*103
106
106
60
*58
60
37
36%
56
*164
168
195
*194%
195
194%
*50%
51%
50%
51%
51%
105 Va
105%
105%
105 %
105%
53 Va
53%
53 '/a
53%
*1123/4
114%
*112%
114%
54
*1300
*112%
53 %
105%
50
54 %
1,200
*112%
114%
2,600
54
—-
18
18 Va
17%
18
18
18%
18
18 %
18
18 %
4,700
20%
20 3/4
20%
20%
21
21%
21
21%
21
21%
2,900
3334
33
33
32%
33
32%
32%
32
32
29%
9Q
29 %
*33
29 Va
*
29
*29
29%
28%
*27%
28
*27%
27%
*27'A
27%
27
27
42%
273/4
27 %
43
43%
43%
43%
44 %
44%
45
423/4
4234
43
43
42%
44 Va
12
12'A
111
X109
109%
106%
12
X104
104
12%
110%
111
*110%
111%
42%
12%
12
12 %
12
41%
41%
42%
*41%
*110%
28%
106%
*105
43%
44
44%
44%
44
44
43 3A
33
32%
32%
33
33%
33'A
*104
105%
105%
*104%
119%
118%
118%
119
25%
26%
25
4%
4V4
26
400
44,800
109%
1,400
118%
4'A
25 Va
400
56%
2,400
119
300
25%
56,800
71,800
4%
4%
127%
127%
127%
5,200
35%
35Va
35%
18,600
60
60
61%
63
63
64%
65
69
67
68%
2,700
37
37
36%
37
36%
37'%
37
37'A
36%
37
4,400
50
5034
493/4
51%
50%
51%
513/4
52
51 Va
52%
2,000
8 3/a
8%
8 3/a
8%
8%
8%
9%
20,100
34%
19 3/a
-19%
8%
35%
35
35%
35
35%
16,800
108%
rH 0 00 ev*
108%
108%
900
193/8
19%
19%
21 %
21%
19 Va
19 Va
19 Va
48 Va
50%
48 Va
50
50
51
51
51 Va
51
51 Va
3,200
27
Va
2734
27
27%
27
273/4
27
27%
27
27%
15,600
42 Va
42 Va
413/4
413/4
41 Va
41%
41%
113%
113%
114%
114Va
113%
113%
113%
50 Va
51%
50
50
50
52 %
52
17%
17%
16 3/4
17%
17 Va
17%
17%
46 Va
47
47%
113
112%
112 %
16
16
16
16
16
57%
58 %
58 Va
58 3/4
58
18
18%
18%
19 Va
19 Va
193/4
19 3
45%
45%
45 Va
46
45%
47
47
21%
21%
*20 3/4
21%
28
28
26 Va
27 Va
27%
53%
54
53 %
54 %
19 Va
19%
19%
19 Va
58%
58%
*
*21
21%
21
28 %
*27 Va
54%
54%
*54
19%
19%
57
55
55
56
23 Va
23 Va
23%
23 Va
23 Va
633/4
63%
63%
36
35%
36%
16
58 %
62%
58
13%
*27%
55
*54
*107%
108%
*107%
230
3,700
320
36%
107%
62%
6%
108
533/4
1073/4
*146
150
*146
*114
*115
118
*165
43
148 Va
IOO
49%
2,800
*40%
41%
26 3/4
27
104%
104%
104 Va
*42%
433/4
423/4
43%
*60
65
61
22 Va
21 Va
21%
1373/4
7%
*
22
*1*35
"39
,
22 %
39
.
26%
115
STOCK
EXCHANGE
*165
*1037/a
X417/a
42 3/a
61
65
65
*63
21
22%
75%
7%
140
22
75%
7%
753/4
140
7%
21%
22
*135
140
42
41%
75%
7%
7%
21%
140
140
43
*135
42%
100
39%
423/4
140
116
26%
423/4
21%
180
39%
,47%
*103
300
7,800
25%
*165
48
1,700
41%
21%
40,
*114
54%
53%
39%
26%
483/4
104 %
75%
*135*
140
i
*40
27
47%
104 3/a
203/4
75%
*753/4
7%:
*138%
1373/4
115
41%
*165
473/4
*103
48 %
5
18
93%
Jan
100
Jun
5
53%
Jan
59
Nov
44% Feb
4
34 %
Jan
413/4
60 % Jan
5
35%
Jan
178% Jan
62
Apr
9
Apr
CLOSED
48%
43%
*103%
104%
*42%
68
68
22
76
*76
7%
•
7%
.22
21%
140
*135
43
43%
11
59%
26
54
Apr 18
108% Mar 18
101%
Oct
106
Dec
34%
Jan
Dec
56
Feb
16
42%
GOOD
FRIDAY
17
110
Aug
233A Jan
29
14
Nov
18%
Dec
16
32
18
41
Jan
18
50 V4
Jun
Apr
28% Apr
27
116% Jan
39
18
Jan
14
38
Jan
14
253/4
47
Jan
29
31
47
Jan
28
31
Mar
14
Jan
Feb
20
9% Jan
3
24
4Va
10
90 %
102% Jan
21%
139
600
75/a
44.900
21%
12,900
140
43
<■
Nov
11% Dec
Jan
107%
8
36
NOV
41% Oct
9
26
Dec
28
Nov
4
Oct
Dec
17
106% Apr
10
Jan
5
59% Apr
9
39
Jan
53%
Sep
112
Feb
19
Apr 10
110
Dec
116%
Dec
15% Aug
25%
Dec
120
19% Mar 15
2% Jan
26 Va Apr
2
32
Mar
16
4% Feb
6
1
89
Jan
8
283/4
Jan
34 V4 Nov
Jan
Nov
Apr
17
9
6% Jan
4
103/4 Feb
32 Va Feb
26
22
6
par
36
16 34 Feb 26
Feb
6
1093/a Jan
1073A Feb 25
5
4V4 Nov
H Jan
Feb
35% Apr
132
11
28
21% Apr
Dec
124%
48
26 V4 Mar
39%
Oct
29 Va
50
Nov
Jan
7 V4
Dec
34 %
Nov
33/4 Mar
24%
Jan
106
109 V4 May
Sep
11% July
22
Dec
18
52% Apr
9
31%
Jan
45 %
Dec
263/4 Feb 26
33% Jan
17
17%
Jan
35%
Dec
38
15
47
Dec
42% Jan
1
100
Feb
26
112% Jan
No par
4
20
37
Jan
18
Jan
17 Va
Aug
1153/4 Mar 15
4
8
45
108%
Jan
115
54% Apr
19 3/a Apr
18
26
25
109 Va Jan
10
39% Mar 13
2
110% Jan
48 3/a Apr
18
No par
12% Feb
No par
102
.20
No par
5
Feb
26
18% Feb
8
54
J an
5
63
Jan
18
17
Mar 20
24
Jan
Apr
40%
Nov
Jan
17%
Dec
933A July
37% Jan
109%
26
47% Apr
21
17
106% July
10% Apr
29
35% Feb
Feb
%
8%
6
113% Mar 29
14% Mar 13
10
Dec
50
Sep
113
Dec
Dec
17%
23% Mar 20
14
Apr
17
46
Oct
Jan
59 %
Jan
8 3/4
20
Dec
43
Nov
29% July
22% Mar 6
52% Mar 12
50
56
Jan
19
47%
Feb
55%
Nov
17% Jan
par
5
23% Feb
16
12%
Jan
19%
Dec
52
30% Feb
3
1
16
Dec
28%
Jan
Jan
14
58
Apr
17
49 %
Jan
533/4
Jun
22% Feb
26
27% Jan
18
Dec
67% Jan
21
16% Aug
52 Va Mar
26%
61Vs Feb 26
1
20
38% Jan
11
30
38%
5
33% Feb
20
100
105% Feb
5
25
61% Apr
3
199
109 Va Mar 15
101% Aug
Oct
64%
Jun
Oct
Dec
108
29
58%
Jan
71
Oct
210% Mar 30
70
Jan
Jan
2
182%
Jan
199
Dec
10 Va Feb
26
1434 Apr
10
6
Jan
13
Dec
5% Mar 14
7% Jan
29
3Va
Jan
1
pr
Dec
7%
Range for Previous
STOCK
Range Since January 1
Lowest
38
100
Feb
Sper share
26
107% Jan
Year 1945
.
Highest
Lowest
Highest
t per share
25
$ per share
$ per share
Dec
9
253/4
Jan
43%
110% Mar 21
99 Va
Aug
108 Va
Jan
343/4
Dec
41
Jun
47 3A Apr
2
2
31
Mar
4
353/4 Jan
14
No par
No par
33
Apr
17
39% Feb
1
49% Feb 26
62
Jan
14
24
283/4 Mar
37
59%
Jan
Dec
Dec
par
51
Feb
27
54% Feb
6
49 %
Nov
53
Dec
5
29
Jan
3
40 % Apr
12
20%
Jan
30%
Dec
No par
No par
107
Jan
21
115
Jan
3
No par
preferred
100
109
Apr
543/a Feb
Feb
25
115
Apr
5
12
16
10
30
Jan
111
25
Aug
42
Dec
16
Mar
29
Dec
Jan
X150
102
Mar
165
8
50 % Jan
4
Jan
14
145%
35
Jan
3
43% Apr
12
25% Jan
99% Dec
293/4 Apr
47
Feb
9
68
18
28
2
106
18 V* Mar 13
Mar 25
Apr
26
Jan
24
Apr
8
146% Feb
5
No par
73
Jan
17
763/, Feb
15
7% Apr
20% Apr
16
12Ve Feb
4
1
j
15
34% Feb
100
129% Jan 30
134
No par
L
87 Va
8
136
;
Nov
Nov
Nov
Nov
52 %
10
No par
A
112
124
Jan
28% Jan
99% Jan
9
Cutler-Hammer Inc—
35%
46 V* Jan
39
100
Curttss-Wright
Dev
Oct
106
22% Feb 26
160
Jan
5
100
$7 preferred
Prior preferred
106%
37 Va Mar 29
10
Press Inc
1103/a Feb
150
42 Va Mar 13
100
Packing Co
preferred
Class
50
Jan
84
52% Apr
Oushinan's Sons Inc 7 % pfd
5.000
Jun
Nov
a
Jan
38% Apr
Cuneo
76%
Jun
46 V4
50!
47
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
;
No par
140
Jan
110!
7
600
15,100
Jan
46%
Mar
26
No
Jan
18
26
38% Feb
Cuba RR 6% preferred
Cuban-American Sugar
7% preferred
4%%
28%
Apr
X40
No par
Crucible Steel of Amer
Cudahv
Jan
111% Apr
Zellerbach Corp
100
28
40% Feb
No par
Seal
Dec
24% Feb
9
4
(The)
49*
Feb
3
5
preferred
3,400
31 Va
15
Feb
No par
$4.20 preferred
$4 2nd preferred
5%
Nov
11
Jan
Jan
300
68
20%
137%
140
110
3.400
$2
Crown
Oct
72
Feb
67
16% Jan
l
&
183
Dec
200
20% Apr
100
Cork
May
11
69
preferred
Crown
130
Dec
50%
115
112
Par
33/4%
Oct
155
23
2
common
Sep
Apr
109
Corp
53%
140
Jan
42% Jan
Co
Nov
57 % Jan
2
No
Oct
68%
110% Apr
3
EXCHANGE
Co
Jan
Nov
13
par
Inc
Crane
44
1063/4
Dec
19
26
Refining
YORK
109Va
72 V8
56ViFeb
Feb
Preferred
NEW
Jan
Dec
99 Va Jan
No par
No par
Crosley Corp (The)
483/4
*145
48
118
Products
100
148 Va
150
48
*115
Corn
34
149 Va
49
*146
106
16
Apr
9%
68%
34% Apr
162
common
Cream of Wheat Corp
103
47%
"48
200
1073/4
47%
Corning Glass Works
3%%
preferred
800
39%
118
72
3
Jan
No
Trust
323/4.
107%
*165
.
9.400
39%
165
108% Mar
Jan
31
Shares
107%
26%
27
46%
108
*31
55%
53%
$ per share
39 3/4
52%
Bank
Exch
Sales for
107%
52%
115
123
new
Conv pref 5%
series
Cornell-Dubilier Electric
Corn
the Week
393/8
*40
40%
40 Va
*26%
33
Friday
April If)
107%
53%
Jan
2
Coty Internat Corp
39%
47%
48 Va
48
54%
*52%
10
1
Corp
Cooper-Bessemer Corp
$3 prior preferred
Copperweld Steel Co
4,900
107 3A
39
40
107%
33
54
113% Jan
May
12
Apr
5
Continental Steel
Coty
54%
53%
39%
*52
52
52
39
107%
453/4
*32
53
54%
46
32 %
34%
Dec
105
26
Motors
3,600
6%
tper share
108 Va
54
205
Jan
50 Va Feb
STOCKS
32%
*33
ioo
13%
April 18
108 Va
347/a
7,400
Thursday
32 %
*33
Feb
89
25
Consol Laundries Corp
Consolidated Natural Gas
Consolidated Vultee Aircraft
Consol RR of Cuba 6% pfd
Consumers Pow $4.50 pfd
Container Corp of America
Continental Baking Co
$5.50 preferred
Continental Can Inc
$3.75 preferred
Continental Diamond Fibre
Continental Insurance
PRICES
108 Va
35
50
206
13%
7
5,300
63%
206
13%
2,400
107Va
63
205%
19%
36'A
*107
31%
*32
53%
Va
36
*107%
32
90
24
58
32 3/a
33
1,000
55
19%
108 Va
*32
28%
63
45%
49
170
No par
Conde Nast Pub Inc
Congoleum-Nairn Inc
Consolidated Cigar
Consol Coppermines Corp
Consol Edison of N Y
$5 preferred
1,100
21
28%
$ per share
46
$6 preferred series
Commonwealth Edison Co
21 Va
21V4
453/8
Nov
8
2
152Va Jan
Continental Oil of Del
$ per share
25
104
100
Continental
April 16
Jan
18
No par
Commonwealth & Southern—No par
2,700
April 15
45%
$3.60 preferred
Commercial Solvents
10,800
58
SALE
Jun
27
10
31,500
6%
HIGH
w w
58%
23%
13%
7
105
100
Credit
19%
62
205
pfd
cum
47%
April 13
45
2,700
$4.25
Commercial
Dec
Jan
Jan
108 Va Mar
100
No
30
Jan
98
110% Mar 20
57% Jan
2
2.50
new
Jan
31
Feb
No par
19%
Wednesday
April 17
45 y8
16%
5%
20%
1
5
Apr
71% Jan
100
preferred series A
preferred
Dec
Aug
108
preferred—100
100
2.50
47
Tuesday
45%
400
63%
62 %
206
97
58
205
20
Class B
140 %
Jan
100
Columbia Gas & Elec
Jan
Jan
Dec
Feb 26
Feb 27
59
2nd preferred
19 %
Monday
$ per share
16,500
24%
*107
18
915/a
42 %
X23
105
Columbia Br'd Sys Inc cl A
47%
Saturday
$ per share
300
48%
112
58
36
36%
LOW AND
108
47%
20
X63
107
6%
7
6 34
6%
6%
13%
13%
13%
13%
13%
205
206
205
206
*205
62 Va
63
62%
62%
62 34
108
*107
108
*107
35%
107
6,000
23%
63 3/4
36
17%
57%
23%
64 Va
6,200
193/4
57%
55
*63%
,
8
54%
H2
16%
16
310
108
48'A
*112 V4
113 Va
17Va
108
46 %
2,900
53
17%
112%
7,100
41
113%
53
108
108 %
40
114
45%
113
16
*107 Vj
41 Va
112%
45%
45
107%
107%
108 Va
*106
*112%
37% Apr
Jan
1
9
103% Apr
105
35%
1083/4
1st
30
Feb
No par
103 Va
353/4
fa
Jan
58% Apr
26
35 Va
0 00
Nov
24% Feb
4%
34%
Dec
48
par
35%
108%
15
Jan
Columbia Pictures
126%
343/a
Jan
3,300
4%
108 34
4%
293/a
33%
353/a
35
non-cum
16
8
20
125%
109
non-cum
4%
Dec
18
45% Apr
35% Apr
4%
34%
4%
27
205
Colo Fuel & Iron Corp new—No par
Southern
Jan
J an
114
4
&
15%
Apr
141
2
preferred
Dec
35
42 % Feb
preferred
64
26
45% Jan
conv
Jan
19 Va Feb
104% Feb
conv
Oct
54
9
No par
cum
Dec
59 Va
15
1063A Feb
35%
*108%
No
Dec
Jan
49% Feb
23
126 %
8 34
(The)
4
'
Jun
56
37%
23
36% Mar 15
4 Va
8%
2
Columbian Carbon Co. (new)-No par
56%
25%
127
25'A Jan
70
35%
127
17
1.600
1253/e
126
49
49 Va
3
No par
6%
11
673A Jan
4
No par
Colorado
' Jan
19% Jan
68 Va Jan
Colgate-Palmolive-Peet
$3.50 preferred
5%
V*\Jan
54
6
Highest
$ per share
102 Va Apr
Collins & Alkman
5%
25
16
59 % Jan
25
28 Va Jan
17
76% Feb
44 Va
57
4%
48% Feb
$ per share
373/4 Jan
32%
*
103%
Va
FRIDAY
10
3,300
43% Jan
Feb 26
Jan
4
Mar 13
Mar 21
Mar 6
Feb 26
Marl3
Apr
1
Mar 15
Feb 26
Mar 15
104 Va
119
56%
57
56'/a
24%
25
23%
103%
104%
55 %
119
120
*119
104
105 %
55
56%
56
340
CLOSED
GOOD
37
69%
25
50
59
20%
19
6%
41%
117%
113%
Lowest
44%
33%
*105
106
*105
44%
EXCHANGE
510
12'A
109%
44%
33
12
28%
STOCK
$ per share
100
Preferred
Coca-Cola Co
54'A
114%
Chicago & Northwest'n w i—No par
5% preferred wi
100
Chicago Pneumat Tool
No par
$3 conv preferred
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
No par
Chlckasha Cotton Oil
10
tChllds Co
No par
Chile Copper Co
25
Chrysler Corp
5
Cinn G & E Co pfd 4% series—100
C I T Financial Corp
No par
City Ice & Fuel
No par
City Investing Co
No par
5%% preferred
100
City Stores
5
Clark Equipment
No par
O. O. C. & St. Louis Ry. Co
100
5% preferred
100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The)
1
5% preferred
100
Clev & Pitts RR Co 7% gtd
50
Special gtd 4% stock
50
Climax Molybdenum
No par
Cluett Peabody & Co
No par
Class A
No par
Coca-Cola International Corp No par
*104Va
Highest
I per share
Par
300
—
Year 1945
Lowest
360
65 Va
105%
55
55
114%
—
53%
105%
54%
1,600
168%
194
65 Va
65 Va
X52
52%
105 %
*112%
192
194%
40
—
15,600
37
57%
*163%
*1300
*1300
*1300
---
60
57
56%
108
106
35%
168
65
64%
64%
65
*64%
*163%
71%
*106Va
37%
56%
56%
56
65
*1300
71%
*57%
35%
*192
196
64%
103
103
168
557/a
168
*193
108
*164
56 Va
56%
*163
71%
*106%
*57%
35%
34%
35%
34%
*106%
60
*57'/a
60
*57 Va
72
108
71
70%
70
*106%
Range for Previous
Range Since January 1
STOCK
YORK
EXCHANGE
Shares
31
37 %
NEW
Sales for
32% Mar 13
43
2
Mar 18
Jan
29
51
Dec
24%
Mar
Nov
Sep
56
Jan
9
Oct
122% Apr
59 V* Jan
154
5% Aug
18 Va Jan
9
118
Sep
25 3/fc
Apr
Sep
51% Nov
75%
30 Va
125
37%
Oct
Oct
Nov
Oct
Oct
Deo
,10
J"
4
26%
263/4
26
*
26
111% 112 Va
.
26%
263/4
26%'
26%
26%
(J//T1T% 112%
26%
"111% 111%,
*111%
3Ch
31%
;
30%
64%
65 %
',
»,.
.
A
*643/4
4n%
*38
1
263/4
26%
263/4
•
*39%
l263/4
>
.
40
42%
*39%
38%
38
30
65.Va
65%
50 %
49%
50%
40
39%
39%
38%
383/4
38%
31
,
.643/4
60
*39%
*38%
26%'
26 3/4
27
27
112%
263/4
27
*111%
85%
112
30%
31
33
65
40
■
39
65 Va-
49%
50%
50%
40
38%
40
38%
443/4
45
453/8
45%
45%
45%
453/4
46%
453/4
46%
12%
12%
12%
12%
12 Va
133/a
13%
13%
13%
13%
273/4
27%
27%
*75
273/a
27%
80
*75
34%
27%
48%
49
40
4934
*75
49
:>ot49
49%
—30
-
27%
80
..€34%
ooCiSVi.
■
35%
30%
1"
35 Va
343/4
27%
773/4
80
*75
35
35
*48
49
*49
50
•48%
49
28
80
*75
35%
353/a
483/4
48%
4M
*48%
80
35%
48%
50
'
293/4
For- footnote* see
page
30
-
30
30 Va
293/4
36%
-
30
•30%
600
1.000
10
2.800
Davega Stores Corp, N Y
Davison Chemical Corp
(The)
rjavtnn
Decca
Deere
600
2,100
11.500
5,900
ft
tir 4K. %
5
Co
Preferred
I_50c
No
w_io
Delaware & Hudson
100
Delaware Lack & Western
400
300
3,100
Devoe
Diamond
Raynolds
A
new
Ma ten
oartie
• j
Feb
26
Feb
1
I
.
27%
Dec
28
Dec
28 3^ Feb
19
Mar
50
:
preferred
diamond T Motor
:
0
4
16%
Jan
28
Dec
Jan
7
108%
Sep
114
Dec
Apr
18
33 :1
Jan
'29
Feb
.113
o30
Apr 15
.'33
Jan
2
/
0423/4 Jan
5
<37% Jan
•
30ViJan
11
4
41 % Mar 15
12 V4 Mar
4
'68% Mar 25
4
39% Mar
47% May
403/4 Feb
5
34% Aug
Dec
Dec
jun
16% J"n
25% Dec
75
Sep
29 Va Dec
v
38% Apr
50% Jan
16
22
•
Aug
29
34%
Jan
Car Co
4
16% Jan
25
Jan
3
28
Apr
17
21
Jan
mg
75
Jan
14
77
Feb
25
67
Jan
28
Jan
3
35% Apr 18
25%
40% Jan
3
43% Jan
15
15
40%
-./IS
27
Mar 13
34% Jan
14
16%
40 Va
33 Va
571/2
33 i ( Aug
—23
50% Apr
49 3/i Apr
12.50
jj0
493/4 Nov
Apr
52
__20
Edison
&
par
__20
—
Detroit Hillsdale & 8 W RR
Co
1,800
!
•
145
-LlL
Delsel-Wemmer-Gilbert
Detroit
24
til
Records
&
■?23
1
100
pfd
Dayton Rubber Mfg G6i
2.700
5,200
400
Pott
a'
pari
16
4
7% Mar
Dec
Jan
Jan
2176.
.!)?!
i.
v.
a.'
;ool
'i
Number 4483
163
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
2169
NEW YORK STOCK RECORD
LOW
AND
HIGH
SALE
PRICES
Saturday
Monday
Tuesday
April 15
April 1(»
STOCKS
Wednesday
April 13
April 17
$ per share
$ per share
$ per share
92
93%
92%
105%
*105
share
93
105%
92%
110
47%
*105%
*47 Va
48%
55 %
55 %
*42%
43%
42%
43
30
29%
30%
29%
"55
47%
55%
$ per share
93%
110
*105%
47'%
92%
110
48
*47
56
93%
48
*105%
55%
43
43
31
30%
$ per share
2,300
56%
55%
55 %
43
43
30 %
Ranee for Previous
STOCK
YORK
Range Since January 1
EXCHANGE
Lowest
800
Distil
230
500
Corp-Seagr's Ltd
preferred
5%
Class
Dr.
No
par
No
par
No
Dixie Cup Co
par
83
Feb 25
105% Mar 15
100
common
A
39
52
23% Apr
24%
23%
24%
30 %
24 Va
2434
24
24%
2,400
94%
91%
92
24%
25%
93%
95
95%
96%
9,300
Dome Mines Ltd
93
No par
95 %
5,800
1,9ft)
Douglas Aircraft
No par
177%
178%
115
1083„
*114%
27
27%
116
35
34
180
115
26 %
117
*115
1793/4
*114%
27 %
*27
116
34
182
182
184 Va
114%
114%
114%
114 %
300
27%
27%
277a
7,400
Dresser
100
3%%
34 Va
1,600
Dunhlll
27
116%
*114
34
108%
115
27%
*114
34 %
35%
36%
35
207%
205 %
207%
207
209 %
127
127
126%
128
127%
34%
35%
207
128
37
*36%
114%
*113%
114%
114%
114
116%
36%
207
115
34 %
34
37
37
600
208 %
4
*
128
115
116
33%
36%
209 3
*127
*114
115
210
127
128
500
115
40
*114%
5,200
26
40% Apr
25
Jan
23%
*174 %
Mar 28
No par
9
Co
D&ehler-Jarvls Corp
91%
*114 %
Feb
Pepper
3
par
3
90% Jan 21
143% Feb 26
No par
113'A Mar 12
23% Mar 14
common-.No
$4 preferred series A
Industries
preferred
conv
6
50c
Chemical Co
Dow
International
No
ft Co
par
No
(EI)
par
$4.50 preferred
Duquesne Light 5%
30
181%
126%
114
20
1st pfd
8
24% Mar 12
l
Duplan Corp
Du P de Nemours
108% Feb
100
100
Year 1945
Highest
I per share
Par
100
49
30%
NEW
Shares
110
48
43
30%
Sales for
the Week
923.4
43
56%
Friday
April 19
April 18
93%
$ per
Thursday
Jan
2
Feb 26
Apr 15
Jan
4
$
per
Lowest
103
Jan 29
109% Feb
5
50% Apr
5
57% Apr
6
48
Mar 19
31% Apr
4
29%
108%
184%:
116%
Highest
$ per share
share
Feb
98
Dec
Jan
109
Mar
17% Mar
50
Dec
47
56
Dec
38
Jan
105
Mar
29%
Oct
Jan
29 Va
Nov
Mar
18
100%
Dec
Dec
Jan
22%
6
Mar 25
$ per share
65
18
122%
Jan
167%
Feb
7
110%
Jan
115
33% Jan
17
116
Apr
27
12
Apr
36 '/a Apr
111%
12
113
Dec
Jun
Dec
.
30%
Dec
34 Va
Mar
12
20'A Aug
38% Jan 28
210
Oct
33%
Apr
Dec
155
Jan
192%
8
125%
Jan
129
5
113
Oct
117
Apr
18
132
Jan
116% Feb
25% Apr
18
Oct
Feb
Mar
E
23%
114%
39
33
!
23%
114%
23%
112
23%
23%
120
38%
40
254
257
256
256
205
*201
24%
122%
41%
38%
*201
24 %
120
120
24%
24%
122
41%
120
41%
25%
12,500
121
*41%
4,200
42
800
257
260
260
262
260
205
*203
205
*203
206
*203
62%
63%
61%
63
63
64 3/8
63%
64%
63%
64%
*38 %
38%
38%
38%
38%
38 %
10,200
38
38%
37%
38 %
1,100
110%
110
112
*110
43 %
45
*111%
*110
112
45
*110
46 %
46
47
*111%
1113/4
111%
12 %
12%
12%
12%
12%
112
110
46%
112
112
12%
261%
47
45%
*112
40
47
4,200
112%
13%
12%
12%
STOCK
12%
73%
73%
723/4
7334
74
76
77%
78%
78
32
313/4
32%
31%
32
31%
32
31%
31%
6%
6%
6%
6%
EXCHANGE
78 %
31%
6'/2
6%
6%
24%
24%
24%
25%
170
171 %
169
156
156 %
155%
25%
169
155%
634
6 3/4
6%
26'%
27 Va
26%
26%
170
169 %
170
170
157
157
'155%
157
156
533/,
53%
*53%
53%
53%
54%
55
55
553/8
55%
56 %
55%
23%
24%
24
24
24 Va
24%
24%
32 Va
32
89%
39%
32%
88
105%
105
31%
88
32
31%
88%
105%
105 Va
40%
90
88 Va
105 V*
40%
*53%
600
600
Emerson Electric
32 %
2,800
32
*93
95%
600
105 %
260
40%
41%
9,800
103%
103%
104
104
104
104
103
103
130
*104%
106
104 %
104'A
105
105%
105
105 Va
104%
105 Va
230
*105 %
107
105'A
105 Va
*106
107
107
107
*105'A
107
70
3%
3%
3%
17
17%
16%
17%
17'A
17%
17%
17%
17%
17%
79
79
78
78
*77%
78 %
78
78%
78
78
*92
94
*92
94
*92
94
*92
94
18 %
18
18
18
32
32%
31%
32%
33
3%
4
3%
94
18%
18
18'A
33 3 4
33
33 Va
18
*31%
*52 %
53
*9%
10%
70
__
53
72
53
9%
52%
9 %
4
9,000
18,100
1,100
Bldg
No
No
5% pref series A
4,500
Eureka
Williams
32
3,700
Evans
48 Va
2,800
4
Apr
1
Feb 25
Apr
9
Apr 11
Jan 31
Jan
2
Apr
1
77
Apr
3
93% Mar 15
16% Mar 21
e
23% Jan
3
1
Products
46
Apr
18
Co
53'A
53'/a
54%
3,200
9%
9%
9%
9%
9%
700
Corp
Exchange Buffet Corp
72 %
71 Va
71%
72
72
500
Fairbanks Morse
*9%
par
5
Ex-Cell-O
5
Jan
104%
32
102'A
104%
105'A
3 Va
16%
par
Corp
Jan
75
50
52%
53
24
100
Eversharp Inc
2
22% Mar 15
No par
$6 preferred
{Equitable Office
Erie RR common
Erie & Pitts RR Co
18%
46% Jan
3
Mfg Co
4
Emerson Radio & Phonograph
5
Endicott Johnson Corp
60
4% preferred
100
Engineers Public Service
4
$5 preferred
No par
$5% preferred
No par
46
__
__
17'A Jan
7
148% Jan
3
137
Jan
3
49% Mar 13
No par
No par
No par
—
Storage Battery
3,300
105%
July
229
Dec
185
Jan
200
Jun
49
Jan
40'A Apr
10
!
104
Mar 14
111
45% Mar 14
8% Jan
9
3
2.50
66%
109%
Sep
Oct
Dec
Dec
39 Va
16
24
Feb 25
16% Jan 28
80'A Feb
5
106
42%
Jan
71
Dec
35% Apr
5
7% Jan 24
14
Jan
24%
Dec
4% Aug
73A
19% Jan
5% Mar 14
$7 preferred
$6 preferred
24%
32
170
47
No par
35% Nov
5
2
114
21
Dec
134
17
4
33
Deo
217/a
Jan
Jan-
18% Jan
Apr
Feb
205
71
xlll%Apr 12
11
Jan
3
67'A Jan
3
Elec ft Mus Ind Am shares
Electric Power & Light
13
39'A
8
16
3
(The)
Mar
Apr
41% Apr
262
Apr
125
1
5
Stop Nut Co
Electric
9
108% Jan 11
5
100
24%
103%
18 %
Elastic
Feb
28
100
preferred
24%
41 '/a
*92
preferred
El Paso Natural Gas
*103
4
4
new__l
com
Products Co
4% %
5,400
40%
4
Inc
57
40%
3%
4'A%
Ekco
Stores
56%
105 Va
2
Feb 26
191
Jan
8
58% Apr
3
100
Boat-
40%
41
Edison Bros
Auto-Lite
2,100
13
215
pat
Eaton Manufacturing Co
Electric
8,200
54',
No
preferred
cum
56
92%
105 %
Eastman Kodak Co
Electric
42,800
26
Feb
98
5,700
FRIDAY
19% Feb
20'A Jan
4
9
Stainless Steel Corp
4,200
GOOD
156
54
32%
CLOSED
170
54%
89%
3,400
28
169
54
*105
150
10
Co
Saatern Airlines inu
Eastern
6%
112
*110%
112
1,300
206
Eagie-Plcher
Apr
Apr
28
July
Aug
8% May
3%
18
Dec
Dec
197/a
Jan
Jan
103
Jan
Dec
158
146
Dec
Nov
30 "A
37 Va
92%
111
43% Aug
55'A
Apr
57
18
34 % Mar
48%
Oct
Feb
2
21% Aug
29%
Jan
27 V*
Dec
81
Dec
6
Feb
20% Mar
Apr
17
Jan
24
103
Sep
9
16
Jan
37
Dec
106
July
41% Apr
106'% Jan
110
Mar
111'A Mar
Mar
62
15
100%
8
100%
Sep
6
101
Sep
1
Dec
107%
Jan
July
July
108
109
4 V*
Jan
20%
68%
Jan
86
Dec
86
Jan 29
May
12%
5% Jan 30
23'/a Jan 28
93
Jan 17
95
Dec
13
109
172 VA Mar 9
158
Mar 8
55% Jan 18
Dec
112
Jan
92
Nov
Dec
Nov
Jun
11% Jan
20 Va
15 Va
Jan
28%
Dec
42'A
23'/a Jan 28
33% Apr 16
48'A Apr 18
63'A Jan 15
10% Jan 28
Jan
62%
Nov
Jan
9%
Dec
6
F
72
*70%
*71
29
29 Va
29
29
28%
29
28 7
a
29%
28%
29
15%
15%
15'%
15%
15'A
15%
15%
15%
15%
15%
24
24
24
24
*24'A
24%
24 Va
24'A
24
24
*110'/a
111%
*110%
111%
48%
48%
111%
111%
*47'A
110%
*47'A
48
*33 Va
34
111 Va
47%
*33'A
48
34%
*33'A
48
34 Va
*110%
49
34
34
34
1,400
11,100
400
111%
110
51
1,300
34
300
17
17%
17%
18 Va
18%
19
18%
19%
18%
18%
17,200
70%
70%
70
70%
70%
70%
70%
71'A
71'A
72'A
4,500
*105'a
106 Va
106 Va
105%
105 %
xl04%
104%
105%
105%
120
29%
31 Va
30%
31'A
2,900
63%
62%
63%
80'A
79%
80
30
30
29 Va
29%
30
64
64
64
64
81%
81'A
29
64'/4
64
*107
80%
81
108 %
64 Va
107
*53%
*105%
108
*106'/a
109
.*106 %
*64%
65
64'/a
65
64%
44%
45
45 Va
45%
44'A
45%
114%
*113'/a
*113'/a
114%
*53 %
54 Va
54%
56
56'/a
56'/a
19 Va
19%
19%
19%
19%
19%
19
51
52%
54 %
54
17%
17%
17%
17%
96%
92%
94
93 %
93%
93%
61
57 %
62
62%
93
93
94
95
96
45
46
45 %
45%
26 Va
27
*
27
31%
31%
*155
31%
175
Federal Motor Truck
4%%
Ferro
Enamel
Corp
107 Va
100
1.100
32.100
4%%
Flintkote
114%
57
19%
53%
500
18 Va
1,500
1.300
11,600
Stove
Florence
Florida
45%
*26%
31%
*155
*31%
*155
166
105
64%
105
27
32
3.000
Food
45 %
27
31'A
161
*155
LOW AND
a
HIGH
SALE
Tuesday
April 16
April 17
t per share
Sper share
Sper share
1,800
10
1.200
31%
$ per share
13
12%
12%
12%
Thursday
Friday
April IK
April 19
Foster-Wheeler
6%
Francisco
$ per share
12%
13
13
13 V*
13%
5.300
10 Va
10%
10%
10 Va
10%
10%
10'A
10%
15.200
20%
21
20%
20%
20%
21
20%
20%
900
*24 Va
24%
23%
24%
*23%
26%
26%
25%
26 Va
26 Va
80
*78 Va
24
24 Va
24'A
24%
24%
600
26%
26
26%
25%
26 Va
77
2,900
70
15%
15.000
83
78%
78%
14%
14 Va
14%
14%
15 Va
77 Va
X77
*75
15 Va
14%
14%
59
58%
59 Va
60%
60 Va
60
60 Va
60 V*
62%
1.700
58%
57 Va
57 Va
57'A
57%
57 Vt
58
57%
58
1.500
120
*114
19 V*
118
109
*106%
*112
19%
19 Va
19'A
109
*106%
69 Va
69 Va
68'A
68'/a
13%
13%
13'A
13%
115
115
118
13%
69 Va
70
13%
X13V*
13%
198
*195
198
*195
13%
27'A
26 %
26%
14%
14%
14 Va
14%
48%
49 V*
154%
38
39%
*
180
48%
178 %
1
154
40%
39%
180
180
48%
«
**
A-
47%
.
53%
$53%
119
-i
28'/a
27 Va
14%
Nov
Feb
21% July
63%
51%
105%
5
42'A
23'A
Jan
38%
Dec
110% Jan
2
115
Jan
18
107
July
111 %
Nov
57
Apr
18
41
Jan
53
Oct
19% Apr
6
16%
Dec
18%
Dec
Feb
44
Dec
var
42
Feb
26
16% Jan
3
Jan
11
11% Jan
2
67% Jan
4
41
53 %--?■'
47%-—
_
53
47
132
119%
118
*118%
132
118 %*>VL
180
.
50
47%
30,200
■
qioC
'i-53%
54
Apr
30'A
17
21% Feb
Apr
16
75%
74 Va
74 Va
*128%
•
129 V*
26
26
26
38%
38%
39
5%
74%
128 Va
26
G
39
5%
75%
75 V*
76
*117
700
—No
preferred
15%
Jan
35%
Dec
80 Va
Jun
17
59% Aug
25
Jan
44 Va
Dec
Feb
9
25
Jan
43%
Dec
May
28
35% Jan
28
14
Apr
Apr
11
118
Mar
cum
7%
par
146
156
Dec
11
34
Jan
35
Dec
Nov
51%
29
60% Apr
45'A Jan
36
Year 1945
—
5
3
4
60'A Apr
8
26
118% Apr
19% Apr
2
27
13
23
5
Feb 26
108
Feb 26
Jan
3
Jan
2
Mar 13
Jan
2
Feb 26
$ per share
Jan
12'A
Jan
10%
Dec
16
Jan
19%
Nov
14%
Apr
6%
4%
Nov
28%
Dec
Feb
86
7%
Jan
14%
Dec
51%
Nov
58
Dec
23
9
9
29%
16% Mar
Jan
40%
Nov
58
Jan
80 Va
Dec
12 V
Jan
24 %
Dec
Jan 14
Apr
109%
Dec
61%,
Dec
8%
Jan
14%
Dec
160%
Jan
185%
Dec
Jan
49
6
4
27%
17% Jan
17
9
51% Apr 17*
156
Apr 15
40% Apr 15
'
6
Of 15
Mar
lft11
16% Apr
Jan
114%
Dec
f'Dec
38%
Nov
145%
Jan
Oct
27 % Mar
36
Oct
Oct
172
May
153
Apr
Feb
8
8
37,% Jan
56 Va Feb
51
Feb
135 % Jan
123
Jan
80% Jan
132
Feb
28% Apr
40% Jan
6
4
8
14
30
5
17
14
A&\ Feb
'43%l Aug
12t£ Aug
7% Jan
15
52
Dec
104 3/i
70'A Apr 17
182
Dec
66%
28 Va Apr
Apr
Highest
$ per share
5
2
11 '/a
33%
139
31
171
45
No par
General Electric Co
Lowest
15'A Feb 16
11% Jan 29
21
Apr
2
26
Jan 15
29% Jan 29
85
Jan 28
16% Feb 18
65% Feb 18
3
26
14% Apr
198
Apr
22
100
No par
100
preferred
preferred
Dec
27
12'/a Feb 26
182
Jan 28
No par
Class A
7%
60
--5
No par
General Cigar Inc
Foods Corp——No
General Mills
5%
common
38%
38%
38%
38%
1,800
Gen Precision Equip
6
5%
5%
5%
5%
1,900
Gen Public Service
22%
*147
152
*147
23
9Va
S'A
9%
32%
32%
32%
32%
33%
Public
common—No
'■
par
4% Feb
——10o
Utilities
4,600
General Refractories—
—
>
*
Corp.—No par '
8,200
900
152
S9V*
Gen
Outdoor Adv
Corp
Gen Railway Signal—
6% preferred—
Gen Realty & Utilities,.—
75,800
46%
9 Va
Gen
49% Feb 20
43
Feb 20
130
Feb
4
115% Mar 29
70 Va Feb ,26
xl28
Jan
4
20
Mar 2
33% Mar 13
par
preferred
39
44%
9
8
-
3,400
*46
2176.
11
16
$ per share
107% Feb
100
-
Amer Transportation
28%
46
footnotes "see page
,50
9
50
1
preferred
28'A
46
32 V*
conv
28'/a
45 V*
.
4%%
1
Inc
Gaylord Container Corp
5%% conv preferred
Gen Amer Investors
27%
45
31%
Jun
Apr
Highest
10% Jan
20
$3 preferred
Gar Wood Industries
27
45 V*
31;%
Co
600
152
4
8% Feb
19
Jan
22
Feb
22% Mar
71
Mar
12'A Jan
54% Jan
35% Jan
78
Jan
17 Va Feb
No par
No par
(The)
Co
129 V*
45
32%
Gamewell
Gardner-Denver
128%
44%
9
26
75
100
Apr
49'A Jan
$ per share
20
129'A
22%
*147
(Robert)
129 Va
22%
'
Feb
34% Jan
47
1
1
(The) common
Inc
129
22%
9
2
19
Dec
Jan
Range for Previous
No par
-—100
3%% conv preferred-—-—-100
General Motors Corp————10
$5 preferred
—No par
190
27,400
22'A
152
Jan
65
13%
47 Va
17
Lowest
3,600
A
75%
22 V*
<8 %
142
Apr
6% Mar
Range Since January 1
2.100
45%.
118 Va
21%
*147
9
STOCK
General
75 Va
22
9%
26
26'A Jan
27
Jan
105
Oct
60
Jan
49%
o
Sep
U
,
*130%. 132
..
3.400
53<>
44%)
48
132
47 Va
<Cf
53%. -t
45 V*
44%
131%
119
1.140
*178%
>
37% Feb
1
General Bronze Corp
3,400
180
47 Va
26
No par
pfd
100
——10
General Cable Corp
51'A
0178 Va
::yH
2
72% Feb
29
preferred
5,200
39%
38%
'<laP
33% Jan
10
10
Co
5.700
FRIDAY
•
153 V*
40
48
1
YORK
Gen
51
154
39 Va
Co
6%
Nov
110 Va Mar
17
Co new
General Baking-.
152
xl53%
Gabriel Co
Galr
Dec
70%
Jan
17
107
Par
$8
14%
21%
For
34%
34
EXCHANGE
1.400
GOOD
27 Va
15
48
128%
81
Apr
16
17
Mar 14
104% Apr
45% Apr
Corp:
3,700
CLOSED
*
32
107%
100
$4.50 preferred
STOCK
EXCHANGE
198 Va
147/8
40%
180
9.700
19%
27%
51
51
*195
155%
?
53 Va
.
SL;
132
*47
*131%
15
50'/a
156
47%
r/
27%
14%
•
50 Va
50
152
26%
J
198 '/a
*195
198
50
109
70'A
70
69%
13%
117
19%
*106%
109
*106'/a
109
69
*112
19%
19'A
19%
"
152;
Jan
103
65% Apr
Shares
$ per share
10%
,
Dec
7
10
preferred
Sugar Co
NEW
Sales for
20%
8%">
Dec
59'A
Feb
108
109% Jan
prior
the Week
10'A
147
18
Jan
28
x
No par
F'k'n Simon & Co Inc 1%
161
20%
5%
Jan
28'A
STOCKS
Wednesday
April 15
5%
9%
4
15
Machinery Corp
PRICES
Monday
*38
17
Apr
26
Food Fair Stores Inc
1.700
27
April 13
26
11
19% Apr
73
25
preferred.
conv
99
45
32%
32'A
*155
5%
64 %
27
*26'/a
166
300
45 Va
45'A
45'A
103
97
100
100
Saturday
128 %
Jan
34'A Apr
26
Apr
Corp
Freeport Sulphur
119
23%
26
26
7%
64%
64%
63%
100
103
Steel
Follansbee
Fruehauf Trailer
75
32 Va
Nov
Dec
34'A Feb
No
Fiorshelm Shoe class A
1.200
117%
Dec
No par
Co
6.800
53%
42%
54% Feb
Corp
Power
59%
48
Jan
25%
26
Feb
14% Feb
100
com
j.
44'A
132
7
par
No
Stores
(The)
preferred
$4
19%
Co
59
53%
Oct
54% Feb
No par
preferred
National
First
43%
131%
110%
50
60
*47
Mar
53% Mar
44
48
104
7
59
179 %
13
6
43%
38
112% Feb
Feb
58%
150%
26 V*
70
431
27
Jan
83% Apr
58 %
195
17
3
43
19'A
10
9
59
114
Dec
26% Jan
Jan
44
106 Va
Nov
20%
Jan
42
58%
Nov
36%
61
42 Va
*58
65
Jan
12% Mar
x66
42
14%
Jan
25 Ve
9
Jan
25
59
*78
4
42%
5
19% Jan
50% Feb
No par
No par
100
1
Dept Stores
conv
preferred
58 %
12%
41% Jan
9
Federal-Mogul Corp
Federated
58 Va
%
2
Federal Min & Smelt Co
28
36% Feb
75
'\t
60%
*26%
13
No par
& Traction
Light
$6 preferred
3
Mar 13
Mar 13
Mar 14
Jan
2
JO
18
17%
*52
Federal
Jan
Firestone Tire & Rubber
57
54
17%
20
Fidel Phen Fire Ins N Y
53%
50%
17 %
j
*17%
*113%
|V,
61%
27%
14%
21%
110'A
par
900
65
44%
114%
No
5,300
64 %
54'/a
19 Va
79%
*113%
114%
*49
107
*63
80%
43
43%
113 %
80
64
65
42%
*
*105%
ft Co
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad Corp.t
5
No par
i
L
H>0
10c
—No par
<
.
*
18%
38%
142%
7%
Mar
26
4
Mar
4
Feb 27
Jan
3
26% Mar 13
114% Oct
,,
Apr 18
47% Jan 15
150
Apr. 12;,
11% Feb
8
M*
B'i 56
'Nov
A'Sf .52%, Aug
134
:'
Mar
Dec
123
77%
Jan
Dec
125
May
130
Mar
10
Jan
23
Dec
22,%
Jan
36 %
Dec
l7/a
Jan
7%
Dec
28%
Jan
46%
Dec
23
33% Jan 15
123
37/a
21
140
Feb
Jan
Jan
-
.•*
8%
34
Oct
Dec
Dec
2170
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 22, 1946
NEW YORK STOCK RECORD
LOW AND
Saturday
SALE
PRICES
Monday
April 15
Tuesday
April 17
$ per share
$ per share
$ per share
$ per share
39%
120%
x39
39
39
39
391%
121
121
*120
121
119%
44%
44
44%
44%
45
44%
45 %
45%
45%
45%
46
45%
112
111
*108
47%
111
39 %
105
*110
39%
107
60
*106%
106
43 7
*55
56 %
6%
*143
837
a
*103
48'/4
112
*110
110%
39
40%
39%
6%
106%
107
60 %
107
143
83 %
*103
75%
103V2
1,600
3,000
46%
General
112
Telephone
4%%
48 %
106%
106%
200
60%
60%
62%
4,700
105
6%
*103
46
6%
Tire
6%
145
43
44
*142
43%
84
104
76%
76%
112
112%
112%
112%
40
40%
38%
39
11V4
11%
11
11%
Ill 1/4
112
112
391/2
40
40
1134
11%
11%
8%
81/4
834
43%
8%
8%
8%
Gold & Stock
No par
(B F)
1,000
1,100
34,300
44
44
43%
43%
1,400
Grand Union Co
22%
22%
22 %
23
2,300
Granite City Steel
38%
38%
39
39
39%
2,000
Grant
109
*105
109
(W
3%%
T)
19
19
1838
18 %
181/2
19
18%
19%
18%
19
58%
3,300
57 34
58
57%
58%
58%
60%
59%
60%
31%
31
8,300
Great Northern Ry 6%
311/4
31%
31%
31 Va
31%
313/8
31%
3,500
188%
188%
*180%
Great Western Sugar
Preferred
186 'A
40%
110%
186',4
*186
*62
40%
112%
73
0018
41
42
40
*110'/4
111
48
49
47 V2
48
12
12
11 3'4
12'/a
*98%
24
1C0
100
24
*70%
188
92%
*62
*110%
47%
99
241,4
*66
.
*66
68 %
190
30
92
91
92
42
43%
41
42 "2
110 %
46%
48%
46%
11%
11%
11%
12
100
24%
*98
*110%
No par
pfd—No par
1,600
EXCHANGE
CLOSED
24 %
24%
25
24
2434
72
71 %
713 4
71 %
71%
72
72
71
71%
69
69 '/4
691/4
711/4
71 %
723/8
72%
74 %
118
107
3,700
Jan
9
4
42% Apr
18
2
106% Apr
16
90
39 % Feb
26
x63
Apr
106
600
•5
Gulf
Mar
110
22 % Jan
103
Mar
25%
Jan
39
Oct
5
52%
Jan
57
May
29
3%
Jan
73/4
147% July
25% Feb
1651/2
88% Apr
96
3
53
July
6
102
Apr
10
Mar
Apr
48
Oct
IO51/4 Mar
3
43
Feb
18
12% Mar
3
16
Jan
30
5%
Jan
12% Jan
19
4%
Jan
123/8 Aug
73/4 Nov
18%
4
5
113% Jan
45
Mar 29
633A
Oct
115
Nov
39
Dec
Jan
333/4
3
27% Feb
8
14%
Jan
21%
Dec
26
39% Apr
10
25%
Sep
33%
Dec
112
Feb
18
Sep
109 %
Nov
21
Feb
8
Jan
3
4
105
143/4
54% Feb
26
63% Jan
16
27
34% Jan
28
28
14
188% Apr
Jan
7
17
Jan
Dec
Va
21%
Dec
Aug
46
Feb
172
74%
Oct
Jan
Nov
3
Jan
Apr
30
40
Dec
July
107% May
Mar 22
6% Jan
par
104%
18
34% Jan
17
Sep
13
26
108
Dec
Apr
Feb
10%
105%
56% Feb
3
107
Dec
Mar
46% Apr
35% Jan
68
Dec
26i/4
3
36% Jan
54
111%
4
Jan
104
Jun
65%
Nov
Jan
39%
Nov
1613/4 Mar
175
May
65
Mar
Feb
5
64
Jan
75
Oct
Feb
25
92 % Apr
16
52 %
Jan
86
Dec
No par
30% Feb
26
44% Apr
5
223/4
Jan
x35
Dec
100
108% Jan
14
108% Mar
79
5
104V4
Jan
l
42
Feb
25
52 %
Apr
4
28 %
Jan
1
10% Feb
25
13% Jan
25
No par
91% Feb
26
3
111
Apr
108
551/2
5'A Mar
Oct
12%
Dec
Dec
Jan
25
82
30% Jan
28
143/8 Mar
3OV2
Jun
78% Jan 28
58
Jan
82
Jun
74% Apr
18
49%
Jan
61%
Dec
Jun
100
Dec
-No
par
22% Jan
No
par
70% Apr
2
21
57% Feb
26
29
35% Feb
l
Jan
23
33
Jan
39
10
28% Feb
26
35"% Apr
4
201%
Jan
431/2 Nov
Mar 13
26% Jan
8
15'A
Jan
27%
preferred
Oil
Dec
9
9
Dec
Mar
46
13% Mar
Jan
383A
111
77
'
13,000
Jan
1
$5 conv preferred
Gulf Mobile & Onio RR_
150
GOOD
FRIDAY
1
Aug
105%' Nov
100
,
-
99%
26
100
No
Grumman Aircraft Corp_„.
Guantanamo Sugar common
7,700
STOCK
69
69
Prop
Greyhound Corp (The)
4%% preferred
111
*98
99%
Ore
Green Bay & West RR
(H L) Co Inc
11,500
47%
11%
4
30% Mar
Green
700
49
111
Great Nor Iron
68 %
92
111
11%
100
24
73
92%
42 %
4
Apr
19% Jan
29% Feb
100
58 %
spi
Feb
49
No par
preferred
27%
111
A'o par
-5
:
Co
*31%
92 "2
17
22
26
107
43%
186
46% Apr
Jan
77
22%
73
Nov
4
431/4
*91
Dec
44 3A
3
38%
*62
133%
58% Jan
22
186
Mar
102% Jan
22
4,400
Dec
99
25% Mar
No par
$5 preferred
31
10
37% Feb
108
Highest
$ per share
Jan
10
8
10
19
45 % Apr
10
381/4
>106
26
S per share
130% Jan
8% Jan
43
109
36% Feb
5
44% Apr
38'/4
*106
6
36% Mar
Apr
151% Jan
2134
109
112% Mar 23
40
Mar 21
43%
*106
14
Mar 25
39
110
Jan
6
22
*107%
29
Goodyear Tire & Rubb
No par
$5 convertible preferred—No par
Gotham Hosiery
No par
Graham-Paige Motors
1
Granby Consol M S & P
3
100
5,500
10
$ per share
145
22
*38%
9
$ per share
Lowest
1
8%
43 %
9
Highest
Telegraph Co——-100
tGoebel Brewing Co
5,600
Goodrich Co
83
*103
76%
11 1/2
50
preferred
4,800
85%
103%
74%
39 %
No par
.
Goodall-Sanford Inc
82%
11%
(The)
40
103%
41
Co
conv
2,800
751/4
11%
No par
preferred
44
83%
41
No par
new
145
103%
741/s
111%
Brothers
4%%
6%
100
No par
No par
Razor
preferred
conv
Glidden
7,300
5
Co
preferred
$4.50
56 %
Rubber
&
Safety
Gimbel
200
46%
6%
145
105
45%
*55%
56%
$5
100
preferred
106%
43%
74%
Corp—
20
Gen Time Instrument Corp.-No par
General
106
105
145
82%
*103
75
Gen Steel Cast $6 preferred—No par
4,100
4%%
112
*111 %
250
44%
Gillette
44'%
6%
1,400
120
1
General Shoe Corp
10
*55%
42%
*110
Par
20,800
56%
82 %
84
108
145
47%
39%
Year 1945
Lowest
Shares
42 3 4
44%
43
46
*106%
48%
share
111%
43%
148
46%
per
Range for Previous
Range Since January 1
STOCK
YORK
EXCHANGE
41%
*55%
42 %
44%
$
NEW
421/4
44%
6%
*
120
111%
40%
61
*105
39%
45'/4
112
April 19
$ per share
Sales for
the Week
60
106%
60%
>110
56 %
*55
43%
104
75%
106%
48
43%
a
148
43%
112
47
59
*103/
*43%
*108
47
39'A
60%
103
112
46%
Friday
April 18
120
121%
44%
47%
Thursday
40
45
108
STOCKS
Wednesday
April 16
April 13
*39
HIGH
Corp
H
*37
38
38
*38
38
39
*38
39
*38%
39
400
Hackensack
Water
34%
34%
*34%
35 '/4
35
35
25%
34%
34%
34
34
25%
600
Hall
251/4
25'/4
25
25
*24%
25%
25
25
700
Hamilton Watch Co._
117
*113%
280
4% conv. preferred
j.
100
Hanna (M A) Co $4.25 pfd—No par
Harbison-Walk Refrac
No par
6% preferred
100
*114%
109%
27%
117
109%
116
116
*109
111
28%
*156
27%
53%
*13%
*100
109
28
108
28%
*156
51%
13'/2
14
102 %
109
2734
*156
52
*1141%
*100 V2
53
52%
13%
*100
53
16%
17
16%
17
16%
12%
12%
12%
12%
12%
148
39%
*106
147
3934
83%
193
36
143%
*188
*106%
*82%
85
85
193
142%
*188
36
54%
13%
*13%
*99%
17
17%
17%
12%
12%
12%
40 %
*85
139
'137 %
87%
140%
*85
140%
35
35 %
*36%
78%
82 %
*187
35V2
149%
150
137%
87'%
71%
137%
*85
140%
140%
140 %
4,200
1S1
54%
2,800
13%
400
13 %
12 3 4
22,700
6,400
153 %
2,200
1071%
30
*82i%
*189
36
Hazel-Atlas
330
40i%
35%
85
Hecht
Helme
191
7%
2.100
72%
138%
*69
70%
1.600
138%
87%
*141
137%
86
142
141
137%
141
$4
conv
36%
37%
36
36
36%
4.700
Hewitt
36
38
*37
36%
38 %
38
*37
36 %
39
3,100
38%
*36 Va
38%
Corp
*75
79
79
79%
26
26
26%
26 '/a
28'/4
28V4
27%
28
28
48%
48 %
48%
29%
48%
49 %
30
30
50
2.400
23%
49%
50
23%
23%
23%
49%
24
50 %
6/100
24%
24%
24%
3.100
Houdaille-Hershey
60'A
313/e
*107
60%
601/4
32
31%
110
*90
601/4
32
61
31%
107
*90
*90
61 %
31%
108
92
107
92
60%
108
31%
>108
401/4
40%
40
41
30%
31
301/4
30%
30%
30%
8%
91/B
9
*20
40%
9%
20
41%
41%
42%
6.100
30%
31%
30%
30%
8,100
9
Tuesday
43 %
43
43
43
34
34%
34%
35%
35%
31%
12%
12%
32
32%
19
19%
46%
*106%
137%
119
137%
18%
*10%
*10%
16 Va
103a
16%
9
39%
48%
49
121%
23
114
62
47%" 4734
31
31
150
46%
*9$
.48%
122%
22
48%
107 V8
*138%
140
•
*175
16%
223
119
119%
18%
19 %
11
*48%
49 3 a
x47 %
107%
xl06%
10%
127
22%
10%
Industrial
1,100
107%
140
119%
19%
119%
19%
6%
120%
20%
10%
103/4
STOCK
47%
48%
EXCHANGE
107%
107 %
106%
16%
96
95%
200
14%
221
95%
95
201%
201
14%
32%
9
32
32%
97%
*96
218
97%
97%
14%
32%
*96%
219
95%
201
14 %
32%
97%
50%
53%
127%
132 Va
22%
23
*139
51
130
23%
144
53%
132
23%
115
62 %
*138%
51%
129%
23%
115
62%
143
52 %
130
23%
115
62%
226
226
*210
230
*210
230
196%
*210
*153
230
196%
*153
196%
*142
Feb
138
Dec
13
21% Aug
32
Dec
18
25
29% Feb
26
56% Jan
Apr
Jan
333/4 Nov
6
23%
Jan
32%
Dec
22
81
Apr
9
413/a
Jan
63%
Nov
24% Mar
9
27
Jan
16
17
Jan
263/b
Nov
27% Apr
17%
NOV
Jun
41% Apr
16
34
Jan
29
Apr
2
56
Jan
11
21% Jan
2
28 3/s Feb
6
48
Jan
35
42
Jan
603A
16 s/8
Jan
Aug
111
Jan
25
7
93
Feb
2
19% Jan
3
30
Apr
9
47% Apr
12
60 % Feb
5
8% Jan
2
12 3/s Jan
25
2
Jan
17
10
Jan
18
26 3A Aug
83
18
Mar
Mar 13
33% Jan
4
Feb
26
8% Jan
3
27
25
Sep
663/a Jan
87 %
12%
Jan
23%
34%
Jan
54
34% Mar 25
14%
Jan
30
33A
Nov
Dec
Dec
8%
Dec
23'A
Jun
Dec
May
36%
34
Jan
10% Jan
Dec
109% July
Jan
42% Apr
25 %
93A
Dec
Range Since January 1
Year 1945
Lowest
Highest
S per share
$ per share
Lowest
$ per share
Highest
$ per share
35,900
3,800
4,300
680
48%
27%
48 %
48%
27%
27
27%
27 %
27%
27 J/4
48
26%
48%
26%
471/2
47%
28%
47 %
47%
48
29
29
48
29%
29%
29
46
29
45
45
28%
29
45
45
45
*155
160
160
27%
0
45%
160
*45
*155
46
200
1,400
100
21
43% Apr
32
Mar 13
45 % Jan
19%
Jan
44
Dec
100
72
Mar 15
85
Jan
471/2
Jan
84
Dec
92
Jan
99 %
Apr
721/4
Jan
92
Dec
29
Mar 15
183A
Jan
38
Jun
Jan
341/2
Dec
1000
Co
St Lt
5
.No par
8
29%
37% Jan
12% Mar 14
16 % Jan
32% Apr
6
22% Jan
44
Apr
2
50
Apr
Dec
106
Jan
7
107
19%
4
.——No pa*
No par
No
18
103
Sep
144 % Jan
14
104%
Jan
140
168% Mar
175
166
Feb
174
par
100
82
Jan
105
xl06% Apr
17
9% Jan
13% Jan
14
13% Feb
16
63/8 Mar
121/s
3
20% Feb
2
8% Mar
147/g
Dec
Jun
Dec
Dec
Dec
Nov
Oct
Dec
Dec
15
Feb 20
Mar 27
121% Apr
9
20
■
No
;
17 % Jan
2
22% Feb
6
1
10% Jan
7
11% Jan
26
8%
Jan
10%
45% Mar 14
54% Jan
14
373/4
Jan
57
Feb
26
104%
Jan
par
__100
No
par
No par
.
100
195
Jan
30
86% Mar 15
190% Jan
5
110
223
Apr
2
Apr
11
100%
Dec
Jan
Nov
Jan
34 3A
Dec
75%
Jan
99
Nov
5%
Jan
11%
Dec
28j/2
Jan
Feb
39%
Dec
Dec
_5
29% Apr
$
14% Apr
33% Jan
11
17
„ioo
95% Jan
30'
98% Jan
"7
11% Feb
5
—_I
No par
International
.15
_„100
No par
100
No
par
No par
50
preferred
7% Mar 13
35% Mar 15
136
42%
Feb
109%
193
133/4
74% Mar
Jan
178%
10
Mar 13
191/4
15
100 % Feb
202
11% Mar
29
100
Paper CoLi'J
5% conv preferred—UL
Inter Rys of Cent Am—
5% preferred—
International Salt.
:
109% Mar
Jan
129% Mar 22
100
Co„
International Shoe;
40,%
18
25
17% Mar 13
_
International Silver—.
Jan
28
26% Feb
1
new
Preferred
7%
38% Jan
100
Int Nickel of Canada—LL
1
196 %
123
21
38
_
Range for Previous
...
48
160
Nov
37% Apr
•
...
48
160
July
90
146% Jan
100
4% preferred
International Mining Corp...
3,200
17,000
28%
-160
100
9%
48
48
138
Feb
100
Int Hydro-EIec Sys class A—
International Min .& Chem
6,700
39%
114%
*46 %
Feb
72
25
Preferred
39,300
9%
45%
47%
:370
39%
*59%
27
130
29
2
Int Business Machines new—No
par
International Harvester
.No par
3,100
9%
26%
26%
47
800
39%
62
26%
3
Jan
l
preferred—.
pfeferred
Ihtercont'l Rubber
Interlake Iron
2,100
9%
*59
27
Apr
94
100
4% %
10,300
38%
62
26
27 %
GOOD
FRIDAY
20
9%
143
62
*153
139
5
2
No par
Inspiration Cons Copper
Insuranshar^s Ctfs Inc
Interchemlcal Corp
1,200
1,700
39i%
38%
114
27%
26%
CLOSED
Rayon
Inland Steel
11,700
10%
10%
220
2,400
48
10%
114
196 %
—
28
Mar
No par
No par
$4.50 preferred ,A
ingersoll-Rand
106%
139
16%
114
224
Dec
26
Industria Electrica De Mex, S A
'175
16%
114
*153
1153/4
Jan
STOCK
RR
800
16 %
220
31%
*139
140
Terminal
3,700
16%
15%
220
14%
50%
Jan
102
18%
11
200%
9
Dec
82
17
3
49%
10%
13%
39%
13
72 % Apr
106% Jan
18%
:
10%
95%
143
19%
*10%
199%
97 3A
119
*106%
95
31%
139
*175
201
13%
Jan
143 % Apr
'—100
48%
49%
*106%
137
*8%
39;
*139
48%
107%
*
15%
.31%
47%
106 %
107%
10%
135
17
393A
Dec
Indianapolis Power
10%
70% Apr
Jan
Nov
RR See ctfs series A
Illinois
2,500
11
113% Jan 21
Nov
223/4
29%
Leased lines 4%
8,900
*210
28%
32
14 3A
13%
*61
20
*31
32
199%
113%
98
31%
48
9
Dec
Aug
32% Jan
20
13%
13 %
*22%
98
31%
600
31%
201%
121%
31%
107%
38% Jan
189
63
Illinois Central RE Co
6% preferred series A
11,900
B
13%
13%
143
74
100
72%
187/B
201 %
8%
37 3
72%
*98
32%
95
39%
35'A
72%
99 %
12%
95
*139%
36%
73%
99 %
18%
48
26
Jan
55% Oct
Idaho Power Co
700
32
95
97%
45
19
223
*96 %
*43
32
225
32
43%
12%
106%
31% Feb
170
25% Feb
Par
12%
*10%
*
10
Dec
25
Shares
*72%
18%
191% Apr
92 %
30
YORK
19
*215
31%
73
119%
15
Apr
14
EXCHANGE
31%
18%
48 %
107 %
Sper share
NEW
19%
135%
11
48 %
Sales for
the Week
12%
119%
19
106 %
$ per share
Friday
April 19
April 18
99%
*175
119%
Jan
71%
Nov
Jan
Hupp Motor Car Corp
31%
46
2
35
Jan
preferred
12%
*106%
Jan
g
31%
*19
47
107%
*175
*
*30 3 8
90
134 %
1033/4
I
43 %
34%
*303a
Oct
33
Manhattan—.
non-cum
Jan
62
Hud Bay Min & Sm Ltd
Hudson Motor Car
25,200
Thursday
$ per share
43%
73
9
&
184
20%
100 %
Apr
STOCKS
April 17
I per share
34 3 4
*98
8%
Wednesday
April 16
April 15
74
9%
5%
600
LOW AND HIGH
SALE PRICES
I per share
99 %
9%
20
43
*97
9%
20%
82% Mar 27
17
1093/4 Mar 26
3
Hudson
20%
Mar
Dec
27% Jan
3.900
*20%
40 %
108
41
Dec
14
55% Mar 14
9%
20%
21 %
40%
18
4
16%
1
Howe Sound Co
*20 3 4
153% Apr
13
50
3.100
51
2
Mar
32
Dec
Jan
No par
50%
9%
Jan
103% Jan
121
Nov
com
49'/i
49%
Mar
Dec
14
104%
ID
3%% preferred
Houston Light & Power Co
Houston Oil of Texas v t c
20
700
6
43%
Oct
5
preferred
Household Finance
8.500
9%
*73
110
9%
Jan
Jan
Dec
Apr
No par
91%
49 3 4
28%
Apr
7%
98
29%
155
com
29
9%
Monday
'108
$2.25
x30
18
12.50
90%
47%
April 13
900
4.200
10
54% Apr
Jan
28
No par
28 %
9%
$ per share
61 %
31%
Oct
18%
18% Apr
a
92
9V4
Saturday
61%
31%
110
152
15% Jan
par
(A)
.
29%
47%
9%
61%
31%
Hollander & Sons
92
28%
47%
8%
800
28%
28%
48
20
500
27
92
29%
48
9'A
73
29 %
28%
9%
73
26%
8
Dec
Dec
10
Homestake Mining
24%
74%
26%
9
Feb
1
82
.
Holly Sugar Corp
233/4
74%
*26
28% Jan
160
2
130
Hlnde & Dauch Paper Co.
Hires Co (C E) The
Holland Furnace (Del)
25%
26
110%
Dec
13% Apr
par
No
37 >/4
*35%
78 %
Feb
12% Jan
No par
preferred
35%
36 %
29
37
102
100
351/4
25%
17
121
105
12% Apr
par
:
-
Mar 15
Jan
1031/2 Aug
16
-No par
29
23
155
11
24
100
No
35%
Rubber
Mar 14
16% Jan
25
*35%
*36%
Apr
111
106% Jan
29
He^shey* Chocolate
110
119
16
9
preferred
preferred
26
_.l
No
5%
111% Feb
105% Jan
4
100
Motors—
39
19
15
non-cum
22
Feb
1
.
New
100
10
100
Co
Hercules Powder
40
86
Glass
preferred
(G W)
Hercules
600
70%
No par
Co.
3%%
100
36
Co
Hart, Schaffner & Marx
Hat Corp of Amer class A,
4%% preferred (modified)
Hayes Industries Inc
Hayes Mfg Corp
'
102
40 '/a
85
*861%
86
130
106%
41
106%
143 '/4
139
140%
35
35%
*
36
71%
*137%
40%
106%
193
35%
28%
54%
148
108
35%
143 %
149
40%
IO71/2
*82%
36
148
40 i/a
107%
83%
*188
147
40
107 %
28
*.
*156
102%
13%
12%
148
108 %
*100
13%
102%
16%
113%
*107
28%
*156
52%
13 %
102%
28
113%
114
109
Printing
17
'
5
2 3A
Dec
Mar
6
39% Mar
6
53% Apr
16
19%
Jan
141
48%
110% Mar 13
132% Apr
16
84 3A
Jan
123
9% Mar
24
Dec
Mar
116
Dec
57
Dec
19% Mar
106% Jan
4
21,
55 % Jan
2
43% Jan
3
175
Jan
3
148-
Feb
6
25% Jan
29
115% Jan
28
129
79
Dec
Dec
62% Apr
18
41% July
49% Jan
30
39
Feb
15
92
Jan
175
Dec
151
Nov
33
Dec
Dec
226
Apr
100
453A
Dec
31% Feb
No par
22% Mar 13
31% Feb
18%
Jan
33%
1,000
Intern'l Telep & Teleg
Foreign share ctfs
Interstate Dept Stores
Apr
18 3/4 Jan
No
par
1,100
37
50
Apr
17%
Jan
41%
Intertype Corp—
No
par
23% Mar 13
29% Apr
19%
Jan
30%
Oct
1
40
46% Apr
36
Aug
46 '
Dec
_j»
148
21,300
1,000
900
100
Island Creek Coal
ta preferred
—
No par
137%
22% Mar
Feb
Mar
Jan
6
26
6
3
162
Apr
145-*'Jan
152
Dec
Oct
Volume
16.
Number 4483
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW
AND
HIGH
SALE
PRICES
Saturday
Monday
Tuesday
April 15
April Id
April 17
$ per share
STOCKS
Wednesday
April 13
$ per share
$ per share
18 %
18%
53 %
*52
109
109
$ per share
18%
18%
*52
19 "4
53%
i08%
*52
109
Thursday
April 18
$ per share
19%
19
53%
52
Friday
April 1!>
$ per share
Sales for
NEW
the Week
.
$ per
19 %
Jacobs
jewel
110
110
110
164
164
162%
162%
149
149
144%
147%
162
162
160
164
146%
150
144%
148
57
*55%
57%
59»/4
109%
109 %
109%
110
109%
180
150
110
150
15Q
44%
45 %
441/4
45'/4
59%
45%
-i51/4
61 %
Johnson
45%
103
103
103
104
104
1031/2
137
135
13512
138%
136
30%
31%
31
30 Va
30
3'
No par
100
167% Apr
9
153
9
61% Apr
115% Feb
15
Feb
25
Laughlin Steel:
Kan City P &
L.pf
ser
10
B
No par
No par
100s
City Southern
non-cum,
preferred
Kaufman Dept Stores
10
Kayser (Julius) & Co new
5
Kelsey Hayes Wh'l conv ol A—.1
*22
21%
22%
96
95 y2
70
*
*95%
Kimberly-Clark; Corp..
Kinney (G R) Co.
$5 prior preferred
Koppers Co Iric—.
4% % preferred
Kresge (S S) Co—
Kresge Dept Stores.;
Kress" (S H) & Co
:
Kroger Grocery & Bak_
97
39%
40%
41%
43
109%
109 y4
109'/a
110
40 %
41 y2
41%
42%
*23%
24%
24
24
55%
55%
55%
56
57%
56 y2
57%
57%
STOCK
EXCHANGE
CLOSED
GOOD
FRIDAY
Laclede
Gas
Lambert Co
Light
23% Feb
10
35
10
4
Apr
18
122% Jan
26
Jan
6
Feb
31% Jan
119
2
Feb
3
24% Mar 13
32% Jan 29
54
Apr
15
35
Feb
65
Jan
41-% Apr
9
27
21% Feb 26
26x/8 Feb
4
29% Feb
34% Jan
29
28
8
Jan
Jan
Jan
34
Jan
18% Jan
20
117
13
.
—
—
22%
Jan
1
22
Mar
2
30
Jan
9
18'A Jan
48
Jail
3
58% Apr
18
32% Jan
3
43
Apr
18
35% Jan
22% Mar
18
38% Jan
10
8% Jan
72% May
28
Aug
107
Aug
26
Mar
8% Apr
35% July
i
Keystone Steel & Wire Co
69%
53% Feb
160
No par
No par
B—u—
Kennecott Copper
18
107 %
1
Kalamazoo Stove & Furn
68%
150
100
Class
Apr
__12%
No par
100
4%
9
preferred ser A
.100
RR stamped—100
pref series A
T
pref series B conv
Joy Mfg Co—
Kansas
Highest
t per share
17
54'/4 Apr
5%
31%
24% Jan
11:3% Apr
5%
139
30
1
Chicago
Jones &
105
133
$ per share
$ per share
share
100
Johnson
fii
2nd
Joliet &
Lowest
No par
...
preferred
Johns Manville Corp
3%% preferred
180
109 Va
60%
(F L) Co__
Tea ttalnc^
4%%
110
150
57
Year 1945
Range Since January 1
Lowest
Highest
Shares
52 %
110
Range for Previous
YORK STOCK
EXCHANGE
No
par
1
No par
10
100
10
1
—
58% Mar 13
15% Feb
26
70
Apr
23% Apr
86% Feb
26
97
Apr
9
43
Apr
18
34% Feb
26
107% Feb
6
33% Jan
7
14'/a Mar
7
26
Apr
12
110% Jail
8
42 % Apr 10
No par
44
Jan
3
57
Apr
10
No par
44% Jan
3
61% Apr
4
Co
Jan
37
Dec
Nov
Dec
40% Dec
67
19
96%
112
Mar
35% Nov
17% Oct
x49% Nov
50% Oct
4
No par
No par
(The)
Lane
Bryant
4%% Preferred-.-
.
Lee Rubber fir Tire
50
9
Lehigh
Lehigh
Lehigh
Lehigh
Coal & Navigation Cot.—10
Portland/ Cement
29
Valley RR—
50
Valley Coal
No par
Non-cum preferred
50
$3 non-cum 1st pfd
No par
50c non-cum 2nd pfd
Lehman
No par
Corp (The)—
Prod Corp
Lerner Stores Corp
69%
69
14%
69
69%
15
35%
36
94%
94%
95%
94 %
14%
15 Vb
*34%
203
205
*64%
691%
36
94 y2
95
9.6
95 %
95%
96
204%
205
65%
*65 %
65%
204%
—
Lily Tulip Cup Corp
66
Nbpur
73
73%,
75%
74
75
63
64
65
64
65
Lima Locomotive Wks:—2—No par
Link Belt C04——
No par
32%
36%
32 V4
33%
32%
33 %
Lion Oil
36%
36%
36%
36%
118%
118%
2—No par
No mr
100
Lockneed Aircrew Corp—
2.21Loews Inc —2
No par
Lone Star Cement Corp..
No par
Long Bell Lumber A
Nd par
Lorillard (P) Co.
.10
7% preferred.—
...100
119
118 %
34%
118 Vi
34%
34
34%
38%
39 Vb
39%
39
39%
80
81%
81%
80%
81
29
29%
30%
30%
30%
29
29
29%
28%,
29'A
34
Refining Go
Liquid Carbonic Corp.
3Va% Preferred
194%
194%
194%
196
30%
30%
30%
30%
31
Louisville Gas &E1 A—:
65
65 y2
65%
65 %,
66%
Louisville
23%
23%
23%
22%
23 VB
Lukens
LOW
AND HIGH
SALE
196
Monday
Tuesday
Anril 15
April 16
April 17
$ per share
S per share
S per share
$ per share
*39%
Thursday
'
April 18
$ per share
40
160
3
Mar l3
37% Jan 21
86
Mar 13
194% Jan
—
Friday
April 19
t per share
NEW YORK
Sales for
88
58
66
8
Feb 13
Jan 14
Jan
2
27% Feb-26
35
34% Jan:
119
Feb 26
116
ft
Jan
3
Feb
25
26
186
Feb
27
195'% Jan 30
28
Jan
3
3
64
25
17
6
32% Jan
72% Feb
10
17 Va Jan
30% Jan 14
3
Range for Ereviona
STOCK
Lowest*
—10
Forbes.
preferred-———
Year 1945
Range Since January 1
—100
Highest
Feb
$. per share
27
154% Jan
5
36
Lowest
42% Jan
159
22
Mar 27
74%
Mack Trucks Inc..
—.No par
65.% Ffeb
53%
54%
55 Va
109%
111%
Macy (R H) Co, inc.—.
No,par
4%% pfd series A
*
100
Madison Square Garden——No par
108% Jan
18
29% Jan
2
55% Apr 10
111% Apr 12
62% Apr 12
x22% Feb 25
30% Mar 16
74%
59
55
28%
28%
495
495
57%
Magma Copper
Mahoning Coal RR
29
15%
15%
15%
24%
24%
24%
42;%
43
43
6%
6 %
;—10
—50
Manati Sugar Go.
1
Mandel Bros—.
—No> pat
Manhattan Shirt
1
5
Maracaibo OU Exploration
—* I
530
6 %
26
54.
51%
53%
53%
55%
112 %
112 Va
116 Va
41%
42:
40%
40 %
40%
CLOSED
25
25
25
24%
25%
25 3 4
GOOD
67 %
67%
68
68%
73%
75
41%
41%
43
41%
41
42
35 %
11'6 Va
35
35%
35
*201
68
3.4%
201
201
35
206
68
68%
68%
66%
67 %
*110%. Ill
111%
110%
110%
110%
14%
14%
14%
*51
*1103/4
61
38%
120
14%
14%
14 Va
54
53
53%
115
111
39%
122-
60
38%
*120
42
42
41
Vb
;x41 %
43
43%
43%
43%
61V2
50 %
105
33
134 Va
*29
27%
fST26
60%
39 %
122
41%
65%
39%
118
*42%
54
116
FRIDAY
Field- & Co.—
Masonite
Corp—
No par
preferred,—»—...
,100
May Department Stores
,.—5
$3.75 preferred.
—Nopar
Maytag Co—v—
——NO. par
1%
$3
preferred:—.——..—No par
preferred
No par
06 1st cum
67%
McCall Corp—
MoCrory Stores Corp.—
3 % % conv. preferred.
McGraw Elec Co.—,——
42
45%
62%
62 Va
62%
51%
50%
51 %
52%
52%
52,%
33
33%
134 Va
131%
29%
29%
28%
27%
107
107%
107%
108
*105
32%
131
29%
28 Va
*105
106%
10834
33
133
29%
29%
43'%
104
33
130%
*29 Va
29%
106%
33
131
29%
30%
108
106>
107 %
1(16%
107%
107%
52 Vb
51%
51%
$4 preferred
Stores Co
5%
32
32%
31%
32
31%
31%
Mengel Co
92%
95
95 V2
93%
94%
94
94
51 %
51%
49
49
57%
58%
58%
For
footnotes
112
see
page
2176,
112
113%
—1
(The)..—*—
109% Jan
4
37% Feb 20
20
Jan,
2
52% Feb 26
34
Feb 26
28% Feb
26
Jan
8
50% Feb
26
12
195
108% Jan
13'/4 Feb 26
Feb
26
7
50
Jan
28
Jan
2
40
109% Jan
14
122
33 % Mar
1
3iy4 Mkr
22
60
Apr
41% Jan
106
Jan
23% Jan
9
2
10
3
17
25
19% Feb
26
51
58
Mesta Machine Co
.5
Metropolitan Edison 3.90% pfd..l00
17
112% Mar 25
45% Feb
2
29% Feb
6
75
Apr 18
45
Jan 29
36% Apr
9
201
Mar 26
69Vi Apr 16
112
Apr 10
16
Jan, 15
53% Apr 16
118
Mar 6
57
Jan
4
103 V2 Mar 13
103
43
Jan
31
Feb 25
22% Mar 14
7.0
Feb 26
38
Jan
2
51 Vb Feb
26
108% Jan 11
4
20% Jan 23
48
Jan
1
Feb
17
Mar
Jun
52
Dec
llOVi Nov
34
Nov
25%
Dec
525
Oct
7% May
15% Nov
32% Dec
39% Dec
3%
Jan
7%
Dec
% Apr 17
11% Feb
112
Feb
57 %
113%
25
24
*46 Va
113
Feb
Jan 28
8
17
9% Mar 13
116
conv
Jan
16%
Jan
100
1st preferred
1—50
Merch fit Min Trans Co.—No par
5%
31%
106%
24
-10
Mead Corp—u—
-~No par
$S preferred series A—-No, par
$5.50 pfd ser B w w——No par
Melville Shoe Corp
1
31'
112
No par
—
52 Va
111%
8
18
preferred
McQuay-Norris Mfg: CO
52%
59 %
-1
No par
McLellan
52
503/4
,•
—1
100
McKesson & Robbins Inc
108%
108%
1
Mathieson Alkali, Wks..
61%
43 %.
oar
——No par
Master Elec Co..—
61%
6IV2
107 Va
*58
100
...1
Martin-Parry Corp..—,—No
40
120
No par
preferred:
47% Jan
Jan
Dec
44% Jan 15
26
Mar 14
Marshall
(Glenn LF Co,
Dec
May
72
36% Feb
15 Va Mar 30
4%%
39
155
Jan
39
Martin
Jan,
14
6
Highest
I per share
Jan
28%
147
16% Apr
8
26% Jan 14
>/2 Apr
'McGraw-Hill Pub Co—.Mclntyre Porcupine Mines
107
*52 Vb
113%
113%
60%
61
39
122
*53:
STOCK
EXCHANGE
share
19% Mar 1.3
12%
—5
Market St Ry 6% prior pfd—100
51%
'
S per
425
Rights
41 Va
76% Jan 30
44% Feb 20
Co.
Marine Midland Corp..
*112%, 116 Va
Nov
45'/Wan
41
Apr
81% Apr32% Mar
15
109 %
74
40
10
Apr
26'/a Feb
Apr
61% Mar 13
Shares
6%
Dec
36% Dec
14
11
10
22
31% Jan 18
34
33 Vb Jan
J per share
MacAndrews
40
160
Dec
60
43% Jan 29,
3
Dec
50
84% Dec
Jan
68 V2 Mar 13
EXCHANGE
the Week
198
210Va Mar 29
65% Apr 11
3
Dec
Oct
Oct
100
1Q3 V2 Jan 24
4
Jan
47
101%
33%t
Jan 28
101
86 % Mar 15
Nov
13% Dec
15 Vs Apr 15
31
STOCKS
Wednesday
April 13
11% Jan
Dec
68
74% Jan 28
50
Steel Co———
PRICES
Saturday
No par
& Nashville
62 % Mar 15
Dec
Nov
35%
(new)—Nopar
Libbey Owens, Ford Glass—Net par
Libby McNeil^ & Libby.
7
Life Savers corp. new.
.5
Liggett fit Myers Tobacco.
*—.29
Series B__—_r—
—25
Preferred
-100
14%
*35
54%
27 V*
1
9
Lehn Si Fink
Apr
7% Mar
15%
Apr.
18V4 Jan
109
Sep
21% Jan
9% Mar
40
27%
Mar
Jan
22% Aug
176%
Jan
34'/a July,
104% Sep,
8% Jan,
40%
110
Jan
Aug
18
27%
Jan
Apr 18
Apr
9
19%
Jan
9
30%
67 % Apr
Jan
43
NOV
Apr 18
19% Jan
36
Dec
Jan 10
Apr
6
521
Jan
70 Va
24
Apr
41% Dec
108% Mar 21
104;
109 y4
27
Dec
10$% Jan
119
Dec
42
45%
69
54
Apr
35% Apr
139% Apr
4
5
29% Apr 17
30% Apr 18
108
Mar 5
108% Mar 29
52% Apr 12
32 % Apr 12
95V2 Apr 12
52% Apr
2
60% Jan
9
113% Apr 16
Sep
13% Jan
Dec
Nov
12% Mar
30ys Dec
25
Dec
98% Jan
109%. Oct
94
Jan
108% Oct
35
Jan
47% Dec
14% Mar
29% Nov
54% Jan
33% Mar
87Va Nov
17% Jan
45 y2 May
Jan
56
Dec
106% May
111
Jun
37
2172
THE COMMERCIAL & FINANCIAL CHRONICLE
II
Monday, April 22, 1945
NEW YORK STOCK RECORD
LOW
AND
HIGH
SALE
PRICES
Saturday
Monday
Tuesday
April 15
April 16
April 17
$ per share
STOCKS
Wednesday
April is
$ per share
$ per share
$ per share
16
16
16
1634
16%
40%
40%
41%
56%
56%
57
April 18
167/a
39V2
Thursday
57
16 Va
40
39%
56
55 %
164\
84
462
84
20
56%
164
*82%
164
164
84%
84%
19%
20%
20%
65%
67
114%
65%
115%
65%
164%
*113%
Sper share
10,400
41%
41 y8
10,300
573/8
700
164%
>82
83%
65%
*113
200
114%
114%
114%
50
*115
*115
*115
42%
15
37 Ve
38 %
13%
42%
42%
14%
433/,
15%
418
37%
13%
*119
38%
13%
43%
15%
125
42 V2
15%
38 ¥4
*119
393/4
13%
13%
43
42%
43
43
6734
68%
68%
68
*38¥4
154
5 ¥4
40
40
156
157
143/a
43%
681/2
Min
Minn
162 V2
1374
39%
&
No
Mfg
Mission
Mo-Kan-Texas RR
6,800
preferred series A_.
Carpet Mills—
Mojud Hosiery Co Inc__
400
453/4
2,900
*38%
39%
167%
1693/4
5,100
200
Monsanto Chemical
53/4
5%
5%
55/a
5%
111 ¥4
53/4
5%
574
411%
57/a
112%
111 ¥4
1113/4
111-3/4
227,700
1113/4
111%
*114%
111%
114%
114%
110
114%
106%
114%
114%
106%
114%
106%
630
106%
106%
106%
106%
106%
1,470
91 ¥4
27
92%
27%
92¥8
93
93%
27 Va
28
*56
59
*49
52
51%
31
*30%
31
*58
27
27%
60
*56%
51%
*
27 5%
28
>57
60
52
>49
52
30%
31
58
48 3/8
30%
30%
*57
23
16%
Jan
49Va
8
36
Jan
52 V8
Dec
291/2 Jan
2
49
Apr
9
26
Nov
34%
Dec
323/4 Jan
2
433/4 Jan
29
25%
Jan
36
Dec
2
169 3/4 Apr
18
79%
Jan
117
Dec
116
Jun
30¥8 Apr
21
Dec
24Va
Dec
Jan
29
53%
Dec
61
Dec
No par
473/4 Mar
4
56
Jan
15
41
Mar
54
Dec
No par
25% Feb
26
34% Jan
16
213/4 Jan
33%
Dec
9
283/aFeb
26
33 ¥8 Feb
6
23% Mar
32%
Oct
1
44
25
61
31%
47¥4
Dec
161/4 Feb 26
20
100
800
32
700
Mueller Brass
Mullins Mfg Co class B
112%
112%
*112%
18 ¥4
18%
*112%
112%
183/8
18%
112 Va
112%
18%
18%
18 3/8
*53
55
*53
55
*53
*62
65
*63
65
65
54
53%
65%
*63
45
1123/4
108
60
533/4
45
1.100
STOCK
EXCHANGE
112%
533/4
112%
18 ¥a
19
183/,
5374
CLOSED
66
FRIDAY
5377
66
*64%
Jun
62
31
*52%
Jan
Jan
7
52
*10674
116
51/2
3
2.500
45%
Jun
24
Jan
Apr
Jan
4.200
55
163/4
173/4 Jan
52
70
38% Feb
x45
54% Jan
*31%
106%
Dec
72% Jan
60
53
Dec
37
50
pfd
Morrell (John) & Co
Motor Products Corp
Motor Wheel Corp
17%
45
124
221/4 Jan
25
cum
5974
106¥a
Dec
109% Jan
18
par
10
$2.50
17
53%
12"% Mar 13
13 3/a
Moore-McCormack Lines Inc_
18
45%
40 3/4 Apr
Mar
Montgomery Ward & Co.
17%
107%
Mar 25
129
3
Jan
29 Va Mar 13
"7%
3.500
18%
51%
163/a Feb
Dec
491/2 Jan
3
No
17%
443/4
15
119
5,900
17%
*106%
»/4 Apr
11 ¥8 Jan
115 % Dec
114
Mar
112
116
17%
51
Oct
Mar
177a
44¥4
May
108
1081/2 Aug
Jan
597/a
107%
109
Apr
Apr
106
59%
51
Jan
115
Oct
112
59¥4
44%
Oct
75
par
31%
*106%
Dec
58 %
No
30%
44%
26 V4
C_.
$4 preferred series
59
51
Aug
115
4
109% Mar 19
42
Mar
13
5
8
58%
44 ¥4
Feb
53
42% Mar
116
Mar 12
110
9
9
30%
50 Vb
109
Feb
26¥e Mar 18
Jan
57
107
93
68 J/4 Apr
9
V2 Apr
58 Va
17?e
25
Dec
Mar
6
30¥e
107
Apr
513% Peb
Dec
160
116
30%
313/4
Jan
9
5% Apr
iii1/4 Mar 11
*57%
>31
137
27
Rights
30%
*30 %
Mar 14
165
2
No par
No par
59
*50
31
24
Jan
143/4 Nov
No par
10
Preferred series B
106%
92%
27%
94%
156% Jan
Jan
2.50
$4.50 preferred ser A—
106%
1141/4
92 ¥4
63 %
7%
Feb
20
Co—
114%
94%
Jan
100
Monarch Mach Tool
1113/4
26%
36
35
No par
7%
Mohawk
*114%
92
253/4 Aug
9
par
No par
10
Corp
4,300
68%
18'
1
$6.50 preferred
100
7,800
44
45
167
3
100
100
100
Mollne Power Impl
13%
47%
39'%
1613/4
Minn
9,700
*67%
45%
40
3,000
403/4
453/4
*67%
46 3/8
155
155
463/a
*39
39%
46%
40
14
68
46%
40s/s
16
62i/2 Jan
19
15%
125
18 3% Feb
417/a Apr
26
SS M A vtc—No par
St P &
43%
15%
*119
44
433/,
6734
46%
42 ¥4
15%
125
40%
13%
46
433/a
15'/4
125
3
26
Feb
Minneapolis & St Louis Ry—No par
Minn
$ per share
31% Feb
70
Minn-Honeywell Regulator
4% conv pfd series B
4%% preferred series C
4% preferred series D
*115
43
100
3,100
*115
121
1st preferred
cum
1,300
*115
14%
8%
Highest
$ per share
50
10
No par
20%
415
42%
Petroleum
Steel Products
65%
415
$ per share
Lowest
123/8 Jan
5
Copper
20
*115
121
Miami
Midland
65%
*115
Highest
$ per share
Par
Mid-Continent
Year 1945
Lowest
EXCHANGE
60
*162
84%
20%
Range for Previous
Range Since January 1
STOCK
YORK
NEW
Shares
*56%
164 3/4
*82
115%
Sales for
the Week
17%
653/4
66
413%
16%
20%
84%
20%
20
67
*11374
39%
39%
56
*162
16 Va
$ per share
Friday
April 19
GOOD
2.700
50
5.600
300
200
Co
22
__1
$7 preferred
No par
No par
Munslngwear Inc
Murphy Co (G C) new
43% % preferred
Murray Corp of America.
4% preferred
Myers (F E) & Bro
Feb
26
1
111% Feb
21
Sep
113
July
1063/4 July
13
97% Apr
10
47% Jan
29
Jan
105 Va Feb
26
38% Jan
3
1
1093/4 Feb
3
Apr
11
Feb
16
109% Feb
55
36 ¥a Mar 21
-.100
111
76
Jan
Dec
Jan
18Vb
Dec
109 %
Nov
9%
17
45% Apr 16
2
114% Jan
2
Apr
Jun
97% Mar
6
Apr
119
113
22
Jan
43
109% Jun
115
Dec
Jan
1C
163% Mar
4
22
Jan
30
13
21V2
Dec
50
50
Jan
3
55% Feb
15
48% Nov
52
Dec
No par
61
Jan
18
65% Apr
16
53
Jan
66 %
Nov
Jan
N
223/4
23 V8
22%
44%
*44
*43%
23
2274
44%
44
44
433/4
44%
3574
353/4
36%
35%
35%
35
35
35%
24%
25
24
25 Va
23 Va
25
22%
26
25%
23Vb
22%
*44
23
443%
35%
50
36
25
26
13,800
26
19%
193/8
19%
20 Vo
20%
247/a
20%
25%
20Vb
20 ¥b
*25%
25%
25%
197/b
25%
25%
25
33%
34
34%
34%
32%
357/b
*203
32%
32%
36 ¥8
35%
207
31%
33
35%
353/4
203
203
32
36 ¥o
*200
32
313/4
32
357/b
205
*200
32%
*32
*33%
36¥a
35%
205
>200
323/4
*32%
15.300
1,300
34%
2.300
35 ¥4
13.400
205
200
323/,
19
19 ¥8
19
19 ¥8
19%
42%
20%
42%
41%
42
33 Vs
42%
42 3/a
337
42 Vb
423/8
33
3334
417/b
20 Va
33%
337/a
35%
20%
21%
35%
21%
22
3574
433/4
4474
213/4
22
*483/4
700
42
333/4
20 Vb
a
19 ¥8
20%
197/b
5
20 ¥4 Feb
26
25 3/a Jan
15
15 Vz
43¥i Apr
32¥a Jan
17
52,/z Jan
1
National Airlines
1
24
Apr
15
Nat Automotive Fibres Inc
1
16 ¥4 Jan
3
National
5
20 Vb
Chatt
National
5.600
25%
Corp
100
Nashville
2,200
20%
253/4
Nash-Kelvlnator
Acme
&
St.
Aviation
Corp
National Battery Co
7%
5
13 Vz
Jan
20 V8
Dec
29
3174
Apr
41 Vb
Nov
18
1274 Mar
32%
Dec
9,200
Nat Dairy Products
3,300
57%
57%
71 ¥4
72%
National Dept Stores
Nat Distillers Products
40
40%
203
40
203
*172
174
*23
40 %
*203
172
172
171
171
>171
29
29
33%
33¥4
34
34%
60 %
60%
61%
62
31
27%
10%
107/a
1074
89 %
883/4
89
88%
88%
87%
35
35%
35
22 ¥a
35%
22%
29%
104 %
38 ¥s
35%
23
29
23 >/8
29
104%
38
lC43/a
38 ¥fi
38%
2374
23%
24%
23%
29
29%
287/4
104%
104%
104%
37%
38%
37%
No par
1,900
220
National
Linen
4%%
1874
19%
19%
3,600
National
19%
20
13
20%
13 %
13
9,600
Nat
13%
1274
13%
2,300
Service
*29%
66
2974
29%
*64%
66
406
108%
*38
*110
*106
38%
April 18
$ per share
$ per share
29%
29%
68
*66
*>106
108
*106
39
391/4
109
*107
111%
* 110
111%
*110
37 J/4
105 V4
*104%
105%
28%
29%
29%
48
48
37%
105
31
59%
30 %
49
37%
105
30%
49%
49%
48%
37%
37 ¥4
37%
1043/4
293/4
30%
59i/2
27%
60%
60%
27
27%
61%
61%
63
46
46
27%
28
46
28%
28 Va
46%
28%
47
28 ¥e
47%
47%
47%
47%
53
*29
33
4162%
*31%
s47
272
32%
124
317/8
323/a
>31%
33
*29%
33
31%
31%
65
*63%
65
*63%
325
>270
325
110
109%
110 %
25%
471/2
273V2
>1261/2
34%
34%
13%
47%
127%
13 V4
120
>115
31%
110%
>270
110%
25%
*250
*110%
111
25¥4
*46%
48%
279%
126%
>126%
35%
353/8
25 ¥4
127%
35%
35
13%
13%
120
115
3074
30¥e
110%
110%
13%
115
31%
110%
*47%
13%
*115
30 ¥8
1103/4
49
49
283
283
2534
49
284%
14%
1261/2
126 %
35¥4
x
37¥8
14%
117
*115
31%
30%
110%
111
14%
117
31%
46
46%
45%
47%
49%
49 %
47%
47%
47
48%
49%
48%
48
47%
19%
47%
47%
^9%
18%
47%
48
18%
47%
48
18%
18 %
18%
22%
18%
22
22%
22%
22%
;
22%
22
4,200
420
10,200
STOCK
EXCHANGE
CLOSED
500
49,800
2,100
7
108 Vz Jan
24
3
4074 Apr
17
12
204
8
173
Apr
22 % Feb
13
26 %
30%
112
1
26%
30%
111%
25%
26 %
26
263/4
30%
30%
3074
30%
>116
15
15 V8
15
117 ¥4
116%
15
118
45
45%
45 ¥a
36%
453/4
36 V8
35%
36%
474
*30%
,4PS
179
32'
107
93
Sep
Sep
17
Dec
Nov
Nov
16 Va
Jan
25
4
21
Jan
35
11
33
Jan
59
Dec
12 % Jan
24
Jan
1474
Nov
15
Apr
8574
Nov
Dec
Apr
No par
25
9% Mar 14
80 % Feb
26
91% Feb
29% Feb
No par
Dec
199%
167
Jan
41¥b Feb
68
26
25
36 % Apr
4
7%
65
Dec
2274 Aug
36
10
19 % Mar 13
25
Jan
18
15
24 Vs
40
27¥a Mar 28
32
Jan
29
263/4 July
101 % Jan
Co
26% Jan
1
24
19
16% Mar
No pat
106% Mar
38
2
74 Apr
13
20 V2 Apr
15
12% Mar 15
102 %
Jan
Dec
33% Mar
Dec
107%
Nov
18
15
111
18%
21%
22 ¥4
18%
22
YORK
Feb
2
10 7/a
Jan
2974
Dec
10 3/4
Jan
14 Vb
Nov
Range for Previous
STOCK
Range Since January 1
Lowest
Highest
EXCHANGE
Par
Nehi
Corp
No pat
Nelsner Bros Inc
conv
(J J)
preferred
New
pfd_100
10
153/4 Mar
Dec
61 Vz
Feb
Dec
108% Mar
Dec
40% Jan
109% Jan
17
35
Dec
37
8
106
Oct
109
Nov
111% Jan
30
105%
Jan
110
Nov
49% Apr
39% Apr
17
32
Aug
4774
18
18 ¥a
Jan
38 Vz
Dec
xl6 Va Aug
27 74
Dec
40 % Feb
26
29
Feb
26
104
Apr
9
24¥a Jan
4
34 ¥4 Apr
1
2834
Jan
103
Dec
105 ¥4 Mar 19
26
69% Jan
18
45
Mar
58 Vz
Oct
26
Mar 13
353/4 Jan
16
21%
Jan
35%
Dec
44
Mar 13
59
Jan
17
32
Jan
75 %
Jun
100
120
134
Jan
29
37% Feb
16
6%
preferred series A
No par
Dock
No par
No par
$5 non-cum preferred
N Y Si Harlem RR Co
„_B0
N Y Power &
N Y
Light 3.90% pfd—100
SMpbldg Corp part stk
l
200
Noblitt-Sparks Industries.
950
Norfolk
&
Western
Adjust 4%
3
Ry
Feb
Feb
20
30¥4 Apr
24% Feb
27
8
32
103%
,28¥a
39%
Nov
29
Nov
Nov
Apr
4
17
Jan
57
Jan
7
63
Apr
15
41
Mar
65
325
Feb
19
325
Feb
19
162
Mar
410
Oct
xl07% Jan
14
113% Mar 18
Sep
110
Dec
19 % Jan
2
45
Mar 13
102 %
283/4 Feb
18
19
37%
Jan
50%
258Vz
Nov
Aug
126 Vz
Nov
North American Aviation
Northern Central Ry Co
Northern Pacific Ry
31 Vs
Dec
Jan
288% Apr
5
Jan
11
128 % Apr
10
29 % Feb
26
19%
5
373/a Apr
16 ¥a Feb
18
12% Apr
16
9%
Jan
105 %
Jan
173/a
Jan
50
100
Northern States Pow $5
pfd.No par
Airlines
460
Northwestern
900
No par
50
Norwalk Tire & Rubber
Norwich Pharmacal Co
Telegraph
No par
2.50
111
Jan
3
3
28 % Mar 13
110% Apr
9
45
Feb
7
45
Apr
'1
13% Jan
7
" 18
Feb
26
115
Apr
3
36
Jan
11
114% Mar 13
56 % Jan
11
219
118
110
Jan
46
$$¥a Apr. 5
12%
6%
1574
112
38 Vz
Dec
Dec
Dec
116% Mar
July
263/4 Mar..
55% Jan
3
19% Apr " 4
Oct
Jan
Jan
246
121
1
North American Co
24Vb Mar
143/4 Aug
53
100
pfd
Jun
148
Jan
Jan
10
non-cum
14,700
Northwest
54
100
22,500
2,400
30
6
100
York
260
11
No par
Central
City Omnibus Corp
2,300
4
17
30
Apr
%Apr
108
No par
York
N Y
18,700
Jan
Mar 14
110% Jan
32% Jan
66
$ per share
New York Air Brake
New
10
32
107
8
Highest
$ per share
New
N Y Chic & St. Louis Co
100
130
;
4
Feb
1
Newport News Ship & Dry Dock
1,900
4,100
106
3
Year 1945
Lowest
S per share
•
100
*
preferred
FRIDAY
100
par
100
1,900
100
53% Jan
100
No
Jersey Pr & Lt Co 4%
Newmont Mining Corp
Newport Industries
4 % Vo
26¥4 Jan
1
serial preferred
Newberry Co
3%%
$ per share
63 Vz
*.
Dec
AptjTot
57
Nov
Jan
15
.Dec
Janj
2134. Dec
474
179
*305/a
>104
32
*
111 Vb
116%
15
1167/8
153/b
*111%
112
26%
27
30%
118
15%
*111%
26%
15 74
*
27
30%
30%
118
112
30%
1167/a
119%
119
*15V«
15%
117
117
453/,
46
*117%
47
118 Va
48
47%
37
47%
37%
37%
367/b
*174
*30¥8
*104
91
91
112
117%
108
90
')•?
v'tV
'111%
116%
117
152
Jun
37%
.11
416
117
177
10
51 ¥4 Feb
«11
>111 %
Mar 19
31
Jan
30 % Mar 14
10
Fibre
Jan
Dec
108
Xl017/a Aug
24
par
4
Co
GOOD
325
111
277%
279
65
325
Xl26%
35
30%
111
253/a
276
34%
13%
>110%
123
*63
231/
127%
30%
32%
123
33
110
274
>114%
32%
122
63
>270
23%
49 %
426%
31%
122
63
111%
23%
32
120
*29
-
64
325
110
122
3,100
105%
30 ¥«
*61
Mar
32¥4 Jan
100
New
39%
105V2
30%
27 Va
120%
20
491%
105%
NEW
4%%
111%
>104%
>295
100
1,300
109
*110
37 J/4
105
1
No
Shares
1,200
40
111%
47 ¥a
32
Sales for
the Week
108
39
*
>107
48
122%
32%
S per share
68
1081/2
109
37%
122%
Friday
April 19
29%
*66
*107
48
61
Thursday
April 17
29%
Nov
26 Vb
847/8 Jan
20 Vz July
STOCKS
Wednesday
66%
38%
Tea
Vulcanized
SALE PRICES
108
37
"60
30
*64%
38%
107%
111%
30
108%
38 3/4
110%
410
66
*106
39
'108
30
54%
Jan
Corp
Natomas Co___
$ per share
Jan
13
preferred
13
$ per share
Dec
37
.
183/4
$ per share
76
29
17
10
National Steel Corp
National Sugar Ref Co
National Supply (The) Pa
$2 conv preferred
12%
HIGH
Jan
67% Jan
3074 Apr
No par
Nat Mall & St'l Cast Co
National Oil Products Co
National Power & Lt
18%
Tuesday
April 16
3574
2
3
9
195% Jan
4,500
38 %
LOW AND
14
Jan
165
12 3/4
April 15
Feb
48
24% Jan
100
187/a
Monday
65
100
•12 ¥4
April 18
Dec
National Lead Co
18%
Saturday
Nov
4074
preferred A
14,700
104%
38%
Dec
38
preferred B
2,500
29
104%
1974
Jan
7%
33,500
24
29
29
104 %
35%
Jan
24 Vz
4
6%
500
35%
34
13
16
1
3,000
88
88%
16
No par
11,300
1074
35
Apr
Apr
51% Apr
50
35%
1074
22
45
7
120
62%
103/4
4
2
37¥4 Jan
Nat Enam & Stamning
20
29
34
*62
17 ¥4 Jan
34¥8 Jan
National Gypsum Co
$4.50 conv preferred
4,900
174
26%
1
No par
No par
300
204
107/8
89
38%
>203
10%
34%
293/8
203
National Cylinder Gus Co
17,400
4074
203
34
>60
89
22%
39%
204
26
107/o
104 %
40 ¥8
*203
62%
34%
613/a
16¥e
40 %
18,700
58
30 %
174
23%
33%
40%
10,900
107%
204
472
61%
40%
58
30
>106
Dec
212/4 Feb
50
303/8
30
3574 Apr
213/4
56%
Jan
45 V2 Jan
45
107
20 V2
t
26
49%
30 Va
16
.
25
21%
56 %
Dec
32 3/4 Apr
r-
Feb
44%
106 %
195
20
f
23% Mar
Feb
501/4
30%
Oct
...
24
45
58
Dec
181 Vz
17% Mar 13
44¥4
106 %
X34%
3
37
49%
29%
13
1
10
72 ¥b
*56
17
36 3/a Apr
No par
50 ¥8
*105
Dec
Jan
8,600
45
57
327a
13 ¥a
Dec
National Can Corp
Cash Register
71
29%
Nov
Nat
493/4
106%
Dec
19 Vb
National Container
44 V8
29%
4174
9V2 Mar
3.600
10,400
71 ¥4
*56
16% Mar
34 74 Apr
Feb
49 V8
*105
2
205 % Apr
27
44 V8
29%
3474 Jan
2074 Apr 17
283/4 Jan 29
26
No par
69%
;o6 %
Nov
3774
20
Nat Bond & Share Corp
49'/8
29%
56
Jan
26
Feb
43¥4
*105
Dec
Jan
20 Vb
Feb
193
73 Vb
723/8
25¥4
35 3/4
5
39
30 ¥4 Feb
100
49 ¥4
71%
26
10
preferred
Jan
16
Feb
3
22% Mar 14
4
National Biscuit Co
72
ii
Louis
Co
373/8
179
32
107
93
179
3174
106
93
179
31%
107
93%
*176
317%
X108
93V4
37%
Ohio
21,600
3,500
200
3,000
230
1,900
4.900
10
500
80
3,600
Edison
pfd
convertible
100
No pgr
No par
preferred
Omnibus Corp (The)
8% conv preferred A
100
10
Otis Elevator
No par
6% preferred
Outboard Marine & Mfg
Co
Owens-Illinois
100
6
—
Oppenheim Collins
Outlet
.
aoro
:
Co.. 4*40%
Ohio Oil CO—
Oliver Corp.
4%%
-M
Jan
15
uWs Feb
26
27%
Apr
17
16 Va Aug
23¥a
Dec
27 % Feb
26
343/4 Jan
15
24%
347/b
112% Mar
7
Xll9% Jan
Dec
Nov
14% Apr
11
115
11® 1. Jan
17% Jan
Jan
2
120
27% Feb
26
48
32% Feb
25
Feb
Apr
39% Feb
19
14
18
11
17
2
107%
Jan
Jan
112
119
Oct
106%
Jan
11%
Jan
18%
Dec
Jan
xll8%
Jan
34%
Dec
Nov
107
13%
23%
Jan
3674
Dec
100
166
Jan
2
179
Apr
17
2.50
28
Jan
2
34
Jan
25
22 Va
Jan
32 Va
Nov
par
Co.^ ,.*12.50
91
Jan
30
Apr
18
74
Jan
95
Dec
75
Jan
7
Apr
5
58
Jan
79%
Dec
No
Glass
*ij%
X108
100
155
Jan
168
Dec
Number 4483
163
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
2173
NEW YORK STOCK RECORD
LOW AND HIGH SALE
Monday
April 15
Saturday
April 13
$ per share
$per share
17%
16%
*20 3 a
22 Va
*20%
83
*78
83
43
Tuesday
April 16
Wednesday
I per share
I per share
21
*78
42
17
PRICES
17
17
20%
*79
17
April 17
April 18
17
20%
83
17
21
22 VB
*79
42
42
42%
43%
44%
44%
44
44 %
44%
44%
63
63
62%
63 Va
63
63
*87
89
87
87
88%
STOCKS
Thursday
I per share
Friday
Sales for
April 19
the Week
$ per share
17%
1,100
22 Va
22 VB
240
*78
88%
*149
149%
150
*180
181
8%
149%
*180
8%
8%
30
30
30
*29%
149%
181
*180
8%
8%
29%
42%
44 VB
44
44
210
44%
45
44 V6
45
10.400
62
62'A
62%
1.100
46%
46 Va
1,600
200
149%
46%
149 %
181
180
180
8%
31
8%
31%
149
149
80
*180
9
181
10
8%
31%
31
I per share
15Va Mar 14
19% Jan 22
13%
Jan
22 V*
Dec
10
18
Jan
2
24% Feb
11%
Jan
23%
Nov
preferred non-cum
No par
2nd preferred non-cum—No par
77
Feb
19
34% Jan
19
25
40% Jan
4
45'A Jan
24
34
56% Mar
6
64% Feb
15
48
Co
Pacific Gas
Electric
&
Pacific Lighting Corp
Pacific Mills
No par
par
71
Jan
2
90% Apr
45 %
Apr
17
46% Apr
Pacific Telep & Teieg
6% preferred—
9,000
32%
5,600
Pacific Western Oil Corp
10%
10
10 Vb
10
10%
10
10 Vb
36,900
Packard Motor Car
21%
21%
22
21%
21%
21%
21%
28,000
21
*19%
20%
20%
20%
200
4,100
Mar
6
152% Feb
Jan
3
181
3
HVaFeb
16
23% Mar 14
32 % Apr
18
50%
50 Va
50%
111
*110
111
50%
-110
54
55
56
55 Vt
55%
111
*110
111
*110%
110%
14
13%
13%
13%
14
13 VB
13 VB
95
13%
*85
87%
87 Va
88
88
90
90
*109
*109
-109
76
76%
74
75%
68 Va
69
67%
68
5%
6
5%
37,500
400
*109
78 VB
79%
78%
80%
68%
68
69%
69 Va
75
6%
6
6 Vb
6 %
29,300
&
6%
19,500
Park
Utah
5%
43 Vt
44
44%
44%
44%
45%
6,000
31
30%
30%
31%
31%
*30%
31%
300
18 %
20
18
18%
18
18 Vt
17%
18%
17
17%
2,700
19%
20
19%
20'A
20%
20%
20%
21%
6,400
78
*76%
76 VB
*74%
*76%
78
78
77%
76%
77%
200
Parke
56%
56 VB
56 Va
55%
56
5,000
Penney
(J C)
37 Va
37%
37 Va
37%
37%
4,200
Penn-Central
Airlines
13%
*13%
13%
13%
13%
14
15
15
15'A
2,700
Penn
29
29
29%
29%
29%
29%
29%
5,700
Penn-Dixie Cement
32
*30'A
*112 Va
*112%
*112Va
*30 %
32
*31
*112%
*112%
26%
26%
26 Va
26%
26%
26%
26%
26%
26%
27 Vb
42%
42%
42%
43
42'/a
43
42 Va
43
42%
43
*45'A
46%
45
45%
44%
44'A
45
46
*54
55%
*54
56 Va
54'A
55
*54
56
108
35%
*34
108
*108
110
*34
108
108
35
36
36
35
27 %
*46
54%
5,800
15,200
43%
500
54 'A
500
110
110
110
1,100
36%
37
36
36
600
35%
35
35%
34%
25
15.200
28%
28%
28%
28%
110
347/8
35 Vb
26%
26%
27 Va
126%
126%
*125%
126 Va
126 Va
126%
126%
126 Va
*126%
127
STOCK
*99
100%
101 Va
100
100 Va
100 Va
100 Va
*100%
101
EXCHANGE
300
CLOSED
700
41%
108 Va
42
*41%
108%
13%
13%
14 VB
13 Va
108 Va
42
*107
13%
43
43
*42'A
43
107
42%
110
107
*106%
109
13%
14
14
13%
13%
GOOD
30
Dec
Dec
Mines—1
4% Jan
7
7% Jan
29
2%
Jan
73%
5%
35 Va Jan
3
45 Vb Apr
18
29%
Feb
39% Nov
28% Jan
4
34
16
217/a
Jan
30
Dec
No par
10
13% Feb
26
19 Va Apr
6
17%
Dec
19% Apr
15
24 Vb Jan
29
13 Vb
13%
13%
13 %
13'A
13%
13 Va
13%
13%
2,300
53 Va
56
55%
57
57
57 Va
57 Va
59
4,200
Pfizer
41%
112 Va
41
41 Ve
41 %
42%
42 VB
43
42%
43%
72
41%
71
72
70 Va
71
71
71 Va
71
71
112 Va
113
113
112%
30
112%
29%
29%
29%
29%
29%
29%
112%
29%
112%
29%
29%
112%
30
112%
29%
29%
29%
30
29%
29%
120
29%
21.800
320
360
7,200
30%
3,900
29%
120%
120 Va
*119
120 Va
16
16 Vt
15%
16 VB
16
16 Vt
16%
16 Va
16%
17%
14.600
37Va
37%
36
37
36
36%
35%
36
35%
36%
9,500
50%
17,400
*119
50%
50%
48%
*109
llOVt
*109 Va
110
*102Va
104
*102 Va
104
50%
33%
129%
*126
64%
33 Va
33
*127
64
64'A
*102%
129 Va
*32 Va
*32
*126
49
110
65
64%
48%
49 Ye
109%
109'A
104
*102 Va
49%
67 Vt
37 Va
*35
37 Va
32%
33%
*12
33
*107 Va
108%
*107%
108%
*35
103
103
103
102 Va
12%
12'A
12%
*12%
12%
103
108%
103
23%
23%
23%
24
28
28
29 VB
28%
28%
Vt
208
12%
24
*27%
208
*32%
*127
67 %
37 Va
33
*36
107%
10
12%
*208
43%
43%
43%
11%
12
11%
16%
16%
16%
17
17%
17%
17%
17
140
83%
84
84%
83%
84
84
84 Va
84 Vt
86%
86%
86%
86%
86%
87
26%
25%
25%
*25%
26%
26%
26%
26%
*198%
*198%
*198%
*198%
*198%
150
400
26%
26%
26%
26%
26%
26%
26 Vt
26%
26
26%
2,300
20%
30%
30%
30%
*30%
30%
30%
30%
31
31%
1,100
9,000
24%
24%
24%
25%
25%
26
26
26%
*37
38
37 Vt
37 Vt
38
38
38
38
22%
22 %
22 Vt
22
22%
22%
22%
22%
23
1,300
24%
*59Vt
25
61
25
25%
25%
25%
25%
25%
9,600
60%
60%
61
61
67 VB
66%
67 Vt
67%
68%
68
69
39
38 %
38 Vt
X37 %
38 %
28%
29 VB
28%
38 Vt
29%
38
28%
28%
29%
28%
111%
63
*59V4
67
*38%
28 Va
68
38
68%
3,300
38%
1,400
15,500
29%
4%%
Pub Serv Corp of
111%
112 %
112%
llOVt
111%
110%
111%
124%
123%
124 Vt
125
123%
124
123%
124
750
*123%
125
6%
138%
340
7%
137
146%
116%
137% 138
146% 146%
137
146'A
*115%
*115%
25%
138
138
147
147 Vt
147%
147%
650
116%
115%
115%
115%
115%
170
65%
65 Vt
65 VB
64%
65%
5,600
28%
27%
28%
35,100
65
26 VB
27%
113%
37%
113%
37 Vt
37 Vt
37 Vt
137%
147%
112
112
113
36%
136%
146%
115%
26
25%
25%
*110%
64 Va
64
65
64
116%
137%
38
27%
112
37%
112 Va
112%
112%
1,200
38%
37%
37%
2,200
8%
April 15
t per share
$ per share
>21 Va
217/b
21 Va
22
Tuesday
April 16
$ per share
22
22
Wednesday
April 17
$ per share
Dec
96% Nov
Jan
43%
Nov
38%
Nov
Apr
8
51% Jan 25
14%
26
40% Jan
11
21
Mar 13
36% Jan
17
July
19% Jan
27
47
Apr
58
Mar 25
9
Jan
21
12
Apr
26
Apr
105% Nov
43% Mar 18
109
14 Vb
Mar 12
8
13
16% Feb
6
59
2
Apr
8
$ per share
Friday
April 19
9%
$ per share
1,700
17%
16%
17 Vb
STOCK
EXCHANGE
Dec
Nov
Jan
15%
19% Aug
36%
Dec
25
Jan
40%
Dec
57
Jan
71% Dec
117% Jan 18
25
30% Jan
30
21% Jan
29% Nov
25
31
Jan
30
25
29% Nov
118
Feb
27
121% Feb
19
117
1
15
19 Vb Feb
Mar 13
35% Apr 17
42 % Feb 27
105 % Feb
106%
Jan
17
71
Jan
28
7
56 Ve July
107% Sep
111% Mar 27
Mar 25
103
Aug
12% Aug
31% Mar
5
47
Jan
Jan
115
Oct
122
Apr
19% Nov
44%
Dec
74
Sep
113
Apr
104% Mar 26
25% Feb
27
36
14% Jan
Jan
8
125
Jan
10
127 Va Jan
29
49
Feb
25
68 % Apr
18
44%
Jan
59%
Dec
30
Feb
27
41
Jan
11
11
Jan
35
Dec
30% Feb
26
35% Jan
15
Jan
37%
Nov
106 Vb Jan
12
110
Feb
7
105
Sep
108%
8
135
Mar
6
118%
8Ve
85 Va
20%
15%
Aug
126
134
100
Apr
157/b Feb
2
Feb
21% Mar 13
25% Jan 28
3
30
Jan
14
2~10
40
Feb
26
10
Mar 13
203
14i%-Jan
123
30
Dec
23% Nov
Dec
44%
Dec
12%
Dec
Ffeb 18
49% Mar
30
34% Jan
106
July
93
91% Jan
Sep
Dec
25%
99
3
Feb
11%
205%
Feb 27
Mar 25
Dec
"Jan
141
25%Apr 15
18
83
Dec
8% Jan 1
22% Feb 16
7
65 y*" Jan
15
Jan
Jan
Dec
Jan
190
Mar 29
14
Mar
34%
124
39% Dec
6Va Jan
8
48% Jan
3
-Jan
Feb
Mar
25
16
106
1
111
8
23% Jan
68
Mar
Feb
15% Dec
117% Oct
69% Jun
91
Jun
21
Jan
198
Jun
198
Jun
Jan
22
Dec
30%
Dec
18% Jan
3
28 V4 Jan
28
12%
28% Jan
8
27% Dec
4
31% Apr
26% Apr
18
x21% Mar
20% Mar
Feb
23
17%
Jan
27%* Dec
Jan
33 Yb
Dec
27% Feb
Jan
25 %
Dec
16%
Jan
26%
Dec
18
70
Jan
17
4
30
26
33% Feb
12%
16
39% Feb
Feb
7
Feb
63% Feb
4
26
57 Vb Mar 15
19
62
43% Jun
24%
18
39% Mar 18
31% Mar 12
55
Mar
66% Nov
23 Vb Jan
Feb
9
30% Apr 10
115% Jan 10
102%
Feb
115%
120
Feb
7
126
106%
Jan
126
Dec
132
Jan
3
138% Mar 28
110
Jan
138
Nov
143 % Jan
7
150
17
121%
Jan
114% Jan
No par
3
109
100
100
100
pfd $5
Mar
10% Jan
20
23
117% Feb 15
112 %
Oct
19% Feb
32 Va Jan
—No par
Jan
17
2
Jan
27% Nov
Dec
X148% Nov
118
Jan
15
47% Jan
65%
Oct
28% Apr
113% Apr
17
17
Jan
24%
Dec
11
106
May
38% Feb
26
Mar 19
108
100
Jan
69% Jan
4
58 % Mar 14
No par
No par
2
23%
Jan
112% Nov
35
NOV
Range for Previous
Range Since January 1
Lowest
Highest
STOCK
EXCHANGE
$ per share
Par
Shares
22
Dec
Mar
13
27
No par
No par
N J
YORK
41%
108
27% Feb
conv.
NEW
Sales for
Jun
Jun
27% Feb
50
(The)—
the Week
Jan
43%
111% Feb
Apr
STOCKS
Thursday
April 18
22
21%
46
Jan
113'A Mar 29
69
No par
preferred
Purity Bakeries Corp
5%
Nov
Jan
69
2
20
26
preferred
preferred
preferred
Pure Oil
49
30%
Feb
Jan
Apr
Feb
25
50
A
Pullman Inc
LOW AND HIGH SALE PRICES
Monday
Saturday
April 13
ser
Pub Ser El & Gas
46% Nov
13
1
$5 preferred
111%
33 % Aug
37 Va Mar
43% Apr 18
76% Jan 22
Public Service Co of Colorado
640
112
16
10% Mar 13
No par
No par
Gamble
Procter &
47% Feb
38
1
Pocahontas
preferred
26
5
Pressed Steel Car Co Inc
25%
300
24% Dec
100
100
Poor & Co class B
*21
62
Dec
106% Apr
7%
9
38
*59 Vt
20%
10
25
25 V8
24
25
No par
39
Creek
27% Jan
21
Plough Inc
Plymouth Oil Co
Pond
26
113
36 Vb Jan
Co
*24%
500
Feb
32% Feb
Pittsburgh Steel Co—JVo par
7% preferred class D—
100
i-6% preferred class A—
100
!5%% 1st ser:conv ;*pr pfd
100
Pittsburgh & West Va_
100
Pitts Young & Ash pfd
100
Pittston Co. (The)—..
1
410
Nov
35 'A Jan
Pitts Screw & Bolt
26
111
34
100
9
Pitts Plate
m
Jan
116 >/a
7,100
684
26
115
119% Nov
7,000
84
*86%
Dec
12
Jan
Jan
3,400
140
30 Va
Jan
11%
*115
140
*108
Jan
63
preferred..
Glass
19
92 J/a
-17%
44%
Feb
89% Feb
No par
Consolidation Coal Co
1
Pitts
12
32
16
Pittsburgh Forgings Co
Pitts Ft Wayne & Chic Ry
43%
Dec
25
43
preferred
2.200
11%
Jun
33%
x40
Chemical Co—No par
9,300
43 Vt
17%
Dec
41% Feb
100
27%
11%
11% Aug
28
22
25
No par
24%
44
*108
Hosiery
Pillsbury Mills Inc
$4 preferred
7%
16% Feb
30% Jan
100
103%
30
Dec
5
No par
8
24
*208
Mayt
49%
110
No par
*27
*198
72
4
28% Feb
3
5
100
100
28%
*101%
Jan
No par
100
preferred
Phillips Jones Corp
7 % preferred—
Phillips Petroleum
$5 conv
Jan.
21%
13
series
&
59
126% Apr
preferred
Coke
Apr
100 Va Apr
Corp
Philip Morris & Co Ltd
Pitts
78
par
No par
com
24%
11%
140
3,500
4
4
Pitts C C & St Louis RR
13%
24% Mar
13% J an
No par
1
20
103
43%
*108
37
Dec
57% Feb
45% Jan
Oct
July
14
Philco
4%
6% Mar
xl8
110
88% Jan
Coal & Iron
& Read
Oct
23% Mar
—No par
preference com
preferrco
Phoenix
900
11%
140
13.800
68%
33%
44 VB
84'A
100
33
129%
*135
12%
$1
Phila
106%
Dec
*80%
111% Jan
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
$6 preferred—.
No
3.60%
104
108%
HVa
*107%
83'A
300
108
*107%
43%
16%
120%
32%
*198
*198
*204 Vt
*204 %
107%
*101%
23%
27'A
*198
*35
68
*135
12%
23%
*198
33 Va
129 7/B
67
49%
108
*102%
*125%
32
*135
*135
*135
*107%
104
*32 Va
33
129 VB
33%
37%
*120
110
33'a
*35
*119
25
26
Jan
100
4.4%
*119
Jan
Feb
56
33 %c
100
100
& Co Inc
Phila Electric Co.
Feb
67
No par
50
10
5
100
100
Pfeiffer Brewing Co
56
10
Apr
51
7
Petroleum Corp of America
13 Vb
26
36% Feb
No par
1
10
No par
-
55
*71
Oct
14% ■Dec
57%
2nd preferred
(Cnas)
4% Mar
32% Jan
7.600
FRIDAY
17
27% Mar
Pere
4%%
10
18
Corp.
Pet Milk Co
41 Va
*106 Va
1.100
14'A Jan
90
111
23
Pepsi-Cola Co
Marquette Ry Co
5% prior preferred
5% preferred-
28%
Mar 13
*39% Nov
18
Light Co
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
35 Vb
*99
Apr
Sep
Apr
100
26%
1,400
Dec
29%
106%
75
Co new
34%
*
4
80% Apr
&
Power
20
109% Jan
preferred
Penn
Jan
3
Glass Sand Corp
5%
9
13%
20% Apr
9
Coal & Coke Corp
Penn
32
Dec
Dec
Feb
Co new
37 VB
32
12
29
57
No par
56 %
37
*30%
Dec
Jan
5%
52'A Jan
Ford
56 Vt
36%
32
5
10
Jan
108% Jan
Parmelee Transportation
Patino Mines & Enterprises
56
*30'A
-Aug
32%
2.50
56%
29
Jun
10
16'A Jan
No par
37%
29'A
175
Mar
6
1
Consolidated
56 %
29
149% Dec
Jan
160%
1
37%
*13%
Jan
121%
100
Inc
Parker Rust Proof Go
&
1
par
Davis & Co
Penick
Dec
56
Apr 17
110% Feb
8
3
10
Oct
75%
75% Feb
Pictures Inc
Tilford
Park
37% Jan
Dec
Nov
16% Mar
26
108% Jan
42
46
X6OV2
Mar 26
12% Feb
27
Feb
17
1
No
Inc
preferred
conv
Paramount
4,300
20 Va
*18 Va
Paraffine Cos
Mar 28
20 Va Mar 13
.100
preferred
Panhandle Prod. & Ref.
4%
77 Vt
43%
*30%
31%
*31
*67
*109
4%
13 %
90
5%
43
44'A
43%
75 Vt
13%
*87
10
.—No par
Jan
Jan
38% Mar
5
8% Jan
Corp
2%
Pan-Amer Petrol & Transp—
8
Panhandle East Pipe Line—No par
Jan
Va
89% Nov
17
142
Pan American Airways
*19 Va
24
171
.100
100
1
10
45'A Mar
Mar 18
par
Pacific Tin Consol'd Corp
10
50 Va
48
No
9%
16
86% Mar 19
No
New
21%
*110
Highest
$ per share
-8
Coast
10 Ve
20
J per share
$ per share
Pacific
21%
19%
*19
Lowest
Pacific Amer Fisheries Ino
10
19 Va
Year 1915
Range Since January 1
Lowest
Highest
Par
2lVa
*
Range for Previous
STOCK
1st
82
*61 Va
45%
149%
YORK
EXCHANGE
Shares
17%
83
NEW
19% Feb
Quaker State Oil Ref Corp.
Year 1945
Lowest
t per share
I per share
23'A Feb
„
Highest
I per share
15% Jan
22% Dec
19/ vJan 28
20
lOVa
Jan
19%
90% Mar 19
78%
Jan
90%
Oct
7% Mar
103
July
18%
Dec
6
R
16%
17
16%
16%
16%
92
92
91%
91%
*91 Va
24%
*112
112%
*38 Va
27
112%
*46
27%
38%
26%
*112
46'A
46%
24%
24 VB
24%
27
*45%
27 %
-
*J
104
*111 Va
106
104
*38%
24%
24%
39
105
31%
23%
112%
112%
112%
46
46%
46
46
2T
26%
28%
38
37%
38 Vb
28
27%
28'A
54
53 VB
53 Va
38
112
106
39%
24%
38%
27
*51 Va
45%
27 VB
111%
107
39 VB
24
53 VB
45%
27 VB
38
27%'
*51%
*45 Va
27
45 VB
45 VB
29%
30
3,500
lllVa
112
112
112
120
108
110%
39%
39%
39%
39%
40%
1,700
25%
x25 VB
25%
25%
27'A
8,906
39 VB
38%
*101%
31%
31%
31%
32%
32
22%
22%
22
22%
22%
38%
*101%
105
100
32%
31%
32
5,400
22%
22%
22%
39 Va
105
16%
16%
16%
16%
16%
16%
17
16%
19%
19%
19%
19%
20
19%
19%
19%
20
11,200
39
19%
page
100
200
109
103%
see
■
4
45%
16%
footnotes
'
31
17 %
For
10
108%
38%
.
->*.
1,100
•19,500
1,000
3,400
lllVa
103%
30
GOOD
FRIDAY
600
93,700
112.
104%
38%
-
CLOSED
20
*102%
31%
23
*112
26%
27%
23
39%
*103
112%
46%
Va
45 Va
*38%
39%
25%
26%
27%'
27
*
112
91%
26 Va
26%
53
*51
27
Vt /
I /8
90%
46 Va
38%
46
Orr -
92
26%
46 Va
26%
53 Va
112
16%
26
*91
27
*38 VB
27
*51
24%
16%
92
38,700
12,400
20,900
4,200
15r ;iMar 13
No 1
$3.50 conv 1st preferred—No 1
*Radio-Kelth-Orp" urn
Ralston Purina Co 3%% pfd—
Raybestos Manhattan
No :
Rayonier Inc
Radio Corp of Amer
87
$2
28% Apr 18
Jan
3
39?;* Apr 9
26% Apr
15
49% Mar
6
53VeiApr 18 '
8
46% Jan
95
No
Reliable Stores Corn
Reliance
23
Jun
143
Dec
40 % Apr
18
17
Jan
31%
Dec
39% Apr 11
22%
Jan
36%
Dec
3
99%
Jan
9
8
15% Jan
7
Apr
r
27% Mar 25
105VaApr
32% Apr
24% Apr
17% Feb 25
17% Mar 13
21% Feb 21
7% Aug
2176.
'•V;
,..V
Dec
137
69% July
7
v
Dec
28%
17
13% Mar 15
:—
Dec
46%
125% Jan
15% Jan
preferred
50%
Mar 19
Republic Pictures
conv
Jan
Mar
4
Republic Aviation Corp——
$1
43
112% Feb
31
9
26
—...—
Nov
38% Jun
29% Mar
4
101% Mar 8
Inc—
Dec
25
19%
4t]'
25 Va Feb
Motors.
43%
IT
15
32 Vt Mar 13
with warrants
Preferred
Reo
Aug
Mar
34% Jan
Apr
27% Jan
Mfg Co new
Remington-Rand
6
36% Jan
11% Jan
102% Oct
Feb
22% Mar 14
1st pfd
Dec
16
49% Feb
3
33%-Feb
111
Dec
33
3
106 % Jan
& Co
♦
Jan
4lv
43:
Hosiery
(Robt)
..
3.«.
37
Preferred
Rels
7
21%Jan
!
preferred
Silk
Feb1
26% Feb 11
109 % Jan lOplt 112% Feb 11
Reading Company
4% non-cum 1st preferred
4% non-cum 2nd preferred—
Real
i
15%vJan
—
102% Aug
29
Dec
18%
Dec
.o
I
THE COMMERCIAL &
174
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■
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FINANCIAL CHRONICLE
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■
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9
-
>
.Monday,,April 22, .1946
■
new york stock -record
HIGH SALE
LOW AND
J per
April 16
I per share
share
33%
114 y2
*113%
23 y4
23%
24%
25%
>10674
108 y2
107 %
107 %
39 y2
38 74
38 ft
122%
122%
23 74
23%
44 ft
46%
25 y4
106
125%
44
47
*46
26
17%
18 Vs
33%
33 y4
100
39%
3,200
12574
4474
47
105 %
27
17
*32%
500
107%
23%
44%
44
10574
17,700
53,900
125
24%
40
*46
105%
240
2,100
24
5,600
44%
10
47
105%
26%
: 700
105%
26 3 4
3,100
18%
18%
18%
18,009
33%
33
33
27
26 y2
18%
*33
NEW
! 209
5y4% preferred.,
Reynolds Metals Co
5Va%
Rheem
IIV4
11%
11%
11%
11
11 %
13,800
Roan
26
26%
26
267e
261/4
26%
,4,8/0
*51%
52%
521/4
5374
28 y4
29 Va
29
29
59
59 ft
30 .%
SOVa
15%
30
81%
56%
80%
,55
r%
r%
ft
37 %
37
*13%
46%
*21 y4
14
13 ft
47%
21%
14
5574
80%
,55%
3474
35 ft
,34ft
12,200
CLOSED
3,200
GOOD
FRIDAY
__
35
31,400
6.000
35%
•
100
75
73
73
37 V8
36 ft
13ft
13%
46%
47%
;47%
21ft
21%
21ft
21%
20%
38
38 Vb
38 ft
3974
3.100
*13
13%
1374
1374
400
*111%
113%
30 ft
31ft
37%
38 y8
10434
*111%
*70 ft
73
Air
Line
ctfs w
104%
104%
31%
32
*31%
32
84
*80 ft
.84
23%
*23 ft
23 74
*74
80
38%
38%
12%
13
12 ft
53%
53%
Seeger-Sunbeam
21ft
8.200
Servel
21%
21
83
31
39%
39
105
32
104%
32 ft
*80 ft
32
83
*80
23%
23%
24
*111%
31%
'
39
104%
32 VB
21
113%
31
38 74
2374
13 ft
38
3.000
23 74
113%
—
32 ft
11.100
39 ft
2.000
•
104%
290
2.000
3274
83
•
1.600
23%
76
76
76
39
40%
39 ft
40 Va
38%
40 ft
13.600
12%
1374
12%
13%
12%
13%
23.500
52%
53%
*73
76
Inc
$5
60
.56
Nov
28
Oct
26
3
116
12% Jan
3
18
79'4 Apr
15
y4 Apr
28.
,37%.Jan
Jan
3
,77% Feb
8
26'4 ,Feb
25
39 V2 Apr
18
12% Jan
17ft Feb
.49% Apr
8
9
30J/2.Feb
67
36
Jan
8
2
5
21
Apr
11
1
No par
,
& Gas—
19% Mar 13
11174 Jan
3
1
20V8,Jan
,_-No par
pref ser A—-No par
(Frank G)__
-No par
conv
Pen
A)
Co
par
QheJI JD.nlpn Oil
Silver King Coalition Mines
Jan
Jan
4
18
6
——-$0 par
SNo par
38% Jan
8
45% Feb
7
17% Feb
26
20% Jan
11
77
44%
20 ft
72%
72%
71ft
71ft
72 ft
74 74
74%
75 ft
76
77
3.000
Skelly Oil Co
*2oy2
21%
20%
21
21
21%
21
21ft
20 ft
2174
3.100
Sloss-Sheffield
*22%
23 y2
23 ft
23 ft
23 ft
23ft
23%
24 V4
24 ft
24 ft
240
78%
7814
78
79
78
79
10
71
40
40
40
39%
39%
I7V4
17%
171/b
17%
79,600
Smith & Corona Typewriter^No par
Socony Vacuum Oil Co Inc
15
34
17%
-7 74
7 74
7%
77'a
7%
25,300
8outh
45i/4
45%
46%
4(400
Southeastern Greyhound Lines
56%
1.500
8outh
*
81
79 y2
17
81
40
*39%
17
-39%
16%
40
16%
7%
7
7 y4
56 y4
56%
44%
46
45
.45 ft
47
195
'190
195
36%
29%
59Vb
53 74
29 y2
2974
29 %
59
59 y4
54
54%
58%
52%
60
53-
85,%
85%
96
24%
11%
47%
*85
,86%
34%
.67%
67%
44
361/4
31
31%
60 y4
6 li/2
60 ft
61
54%
551/8
56
55
55%
6,400
84%
24%
85
25 >4
2.100
11%
20
•86
85
98V4
34
85
*97
48 %
34
85
'
"35
35%
105 74
,
36
105%
36 i/b
37',4
106% ,107
35%
105
"
.,67
"43%
,114%
87
*i?3,/4
68
68%
69
69%
43%
43%
45%
460
45%
114
114
114
114
2,900
,
114
■
800
60
50 y4
(47 y4
*128
144%
51
111%
.-/-SO
*110%
48 y4
47%
130r
,130
145
54%
144%
54 y8
54 y4
-44%
.44%
73%
74 Vs
73%
,25%
*106%
25%
25%
107%
-43.%
.
*106%
.50%
50
111%
*110%
'.,50%
130
130
146
146
54%
147
2,300
58 »/4
58 7 a
20,100
4514
44%
4514
75
75%
74%
75i,o
21,100
21,400
25%
26
25
25 %
5,800
!!106%
•20%
*45
50%
.51
51
110
*108 ft
2274
21%
22
21%
321
32 ft
32%
32%
32 ft
22 ft
22 ft
5974
600
26
*108 ft
*22
56%
13,700
146 74
148
52
133
75
20%
22%
56%
51
133
133
44%
,45ft
2274
146%
100
25%
22
*22
146%
3,700
74 y8
45 ft
5174
52 %
51%
133
52 Va
111
43%
26
107%4
2074
110
51
111
44
45 ft
51
54%
5374
132
52%
11174
52
*110%
74
;
20%
'1081
,51%
52 7 4
111%
22%
*22
22%
107%
20%
46
44%
*106%
107%
21
20 %
*45
5274
110
.22
*45
5*3%
110
22Vb
32%
20%
46
52%
*108%
*106%
221/4
32%
53%
|
33%
*108%
22
107%
4,200
45%
200
■
547'2
3,600
110
32%
33
22 72
*22
22»4
22
22
23%
23
23%
22%
3300
23y4
,
3,700
100
10,800
31ft
30 ft
31ft
31
31%
3174
31%
317a
31%
9,200
20
19%
20 ft
20 ft
20%
20V2
21
2072
20%
34,900
110
*108
72%
*108
U0
72 74
72
72%
118
118
*108
9ft
*108
110
'103
110
71
73
73
74
73
Dec
Dec
Aug
22%
Dec
5
24'% Apr
17
22%
Jun
24ft
Jun
91
Jan
15
4874
Jan
96
Dec
Feb
40
Apr 11
20
17% Jan
8% Feb
11
26'
22 ft Jan
40 ft
59% Feb
190
3
32
155
Apr
39% Jan
Apr
120
*118
120
117
118'4
11
1074
10%
50%
5074
50 ft:
50 ft
51
51%
X5074
501/4
50
21V8
21%
2174
22
22%
22%
22%
23 Vb
22%
31
30 74
31
32
33 ft
32%
33%
32%
33%
132
131
131%
131%
9
9ft
*134
131
135
43
43
49 74
50 ft
47
47
47
39 ft
38 ft
38%
44
*43
47
9%
49%
9%
132
44
44
50
51ft
4374
44
53
54 %
107 a
-132
10%
137,500
50%
2,500
49,200
6,300
135
900
43 74
44
1,600
54%
55 72
4,100
•
*46 %
38%
33%
34 ft
39
39
*105
108
13%
33 ft
38 ft
33%
39
*46 ft
38 ft
33 ft
39 ft
49
38%
33 78
40
13%
38%
33%
33%
40
391/2
38%
33%
49
39'4
34
391/4
39%
107 ft
1071%
!07 %
107 Vb
107%
13%
13%
14 ft
13%
1474
13%
14 7-4
LOW AND
$ per share
38%
*48
*106 ft
Monday
April 15
April 13
50
107 74
*105
Saturday
:'48
$ per share
Tuesday
April 16
HIGH SALE PRICES
Wednesday
April 17
$ per share
$ per share
900
130
24
30%
.
200
STOCK
EXCHANGE
CLOSED
5,600
28
8
FRIDAY
$ per shar£
Friday
Nov
60%
Dec
6
38ft
62
Jan
17
24%
32%
Jan
11% Jan
10% Jan
15% Mar
3
13%
J$m 29
,,6ft Mar
5
22% Apr
3
14
98 y2
Apr
1
.80
,,Feb
95
48-^4. Apr
18
32
Mar
44% Nov
40.V2 Jan
30
86%. Apr 1
27
ft. Jan
73 ft,Feb 13
SO1/!,Feb 26
$
Jyd
par
93% Feb
j
55%, Jan
5
16
;37ft Jan
Mar 12
l£c——- No
39
Dec
107% July
47
116
Jan
Mar
preferred—..
_r!No
Standard Oil of Calif:
110%'Apr
9
Starrett
Co
26
-No
38 y4
-.fan
37
Feb
26
45ft Apr 17
75%
ADr
18
56 :
8
26%
Apr
9
108 ft. Jan
17
Feb
16
107
Jan
12
17% Jan
3
Feb
26
41
.
25
7
45
Oct
106
Nov
Feb
35% Feb
16
6
Dec
Oct
28
18ft
Jan
33%
Dec
17
16V4
Nov
18%
Dec
Studebaker Corp (The)
:'i
26% Feb
26
34% Jan
Sun
1
j,6% Feb
26
21
series
A
preferred—-No
Co
^unrav
00
Sunshine
(474%
64
Feb
26
100
117
Apr
18
cum)_
Cnro__.
Biscuits,
oui^nme. Mining
1
Inc
12,50
£o
:iuc
Superheatf Co (The)
Superior Oil of Calif-—
No
Sutherland
10
(The)
*
Co
j/
100
Paper Co
Sweets Co of Amer
vat
25
Superior Steel Corp
^ik
$4
Maris
106
par
No par
Class A pfd
12ft
29
—
Eler
Prod's
26
44% Apr
1
17%. Feb
25
28%'Mar 14
115
Mar
5
r>n*
No
Symington Gould Corp
par
1
75 ft
Apr
5
9
123% Mar 25
11
Apr
5374 Apr
24
17
Sales for
NEW
YORK
Dec
57
Aug
119 ft
Oct
Dec
.109
73 ft
Nov
:127ft Mar
5% Aug
9ft
Dec
3
25%
Dec
Aug
33
Dec
Jan
137
Dec
40
Dec
10
Mar
15
22
Mar 29
79
Apr
18
35 74 Jan
138
109
36
Jan
51% Feb
4
25
Jan
38
Jan
55 ft Apr
18
31
Aug
2474
Dec
6074 Jan
18
17%
Jan
62
Dec
41 >/4 Feb
5
30% Apr
36 V4 Jan
41
Feb
37ft'.Mar
3H/4 Mar
Int..
preferred
738 peh
-
108% Feb
Jan
Dec
Nov
13
17
Sun OH
10%
,25%
2874
22
Feb
23% Apr
Apr
Jan
24
8
26
23
16
Dec
47
18% Jan
10% Jan
Jan
Corp
Nov
-20% Dec
34 ft July
18% Feb
Chemical
Nov
'Oct'
101% Sep
25
24 74 Jan
27'
7
26
21
9ft Jan
34 '
Aug
€8 ft
108
18
20yaFeb
20
Dec
Mar 13
109
4o
%
105 ft
,44%
-
Pec
Dec
49 ft Feb
3
9
.1
preferred-.!
Webster-
■49%
54ft .Apr
41J4Jan
lQ57'8.Jan
No par
&
Jan
19% Aug
Dec
134% Dec
33% Jan
26
20% Mar
par
-
m?
Jan
17
5
CorpStokley-Van Camp Jtnc
4974 Dec
115,74 Aug
33'% l^ov
,
Jan
•78%
5972 •Apr
Pec
.
2% Jan
6
100
Stewart-Warner
Stone
•
67 ft
Apr
62%|Feb
l
preferred .1
prior
149 y2
42 7b-Feb
100
Sterling Drug Inc common—'
5%
26
125
25
Spring
iThei,;;L
ii5y8 Mar 21
1
53% .Apr 16
135ft Apr
5
12
Pec
Pec
1JL6
Ja«
HI ft Jan
25
;
preferred series A
Steel
28
23% Dec
99ft Nov
,,81
4014
28
10
Jersey-
Ohio
3
Feb
Feb
114
pat
Indiana—
Standard Oil of New
5
30%:Jan
oar
-No
,
52% Apr
41V4 Feb 26
par
•83ft Nov
76ft Jan
75 74
Sep
Dec
39
12% Man
10
31
Jan
Jan
10
83% Feb 21
112
<47 ft
39%,Apr
109 y4 Apr
26
& E Co $4 pref—No air
prior preferred———$o por
$7 prior preferred———No par
Standard
Dec
20
.
of
Dec
Mar 13
$6
Oil
Dec
12%
20
7% Jan
ft Jan
33
.-rNo par
preferred
Standard Oil of
21%
40 V2 Feb
Standard G
Standard
Dec
93
92
.1
Brands,
h87% Dec
-Nao par
(E R) & Spns NewII
li
preferred—
'-—-No Par
$4.50
Dec
rNo par
.
Squibb
jthe Week
I per share
;62
66%:Feb
18
Sytvania
April 19
Nov
48% Mar 13
28
31ft Mar
41
Jan
14
29
109
Feb
28
Nov
38% May
39%
11
16% Jan
34% Mar
107% Apr
12% Jan
STOCKS
Thursday
April 18
J7
54ft Mar 13
8wlft International Ltd
6,600
,26 74 Jan
17
Jan
27% Apr
Standard
Dec
Nov
3
$4
Dec
180
Jan
7,600
200
6074
Apr
19
''nuare D Co__
Dec
36%
Apr
Spalding (A G) &>pr.QS Inc1
oparas. Witnmgtori
JJpj pat
Spear & Co
I.
-1—
.1
$4.50
Oct
Dec
7ft
,80ft Jan
3,800
GOOD
40 ft
18%
Aft Aug
20% Aug
47% Apr
2
26
Jan
2974 July
13 ft Jan
15
Conv
Nov
15
29
$4.50
741,4
*118
119
118
110
3074
Feb
3V2
221/4
36% Dec
12% Dec
46% Dec
Jan
3%%
20 %
7074
Aug
16
r
*uoft
July
7
33 ft Feb
•
71
44'/4
400
Nov
b% Mar
32% Jan
96
8perry Corp (Thef
Snicer Mfg Co
:
3plegel Inc
,
24
,88
Spencer Kellogg &,Sc>ns
15,700
59
4
1,900
,85
36%
106 74
79 ft Nov
22% Nov
May
13 ft Jan
26
preferred
Oct
74
Jan
tr
Dec
2574
Feb
jstk
7,500
.
28
100
12 Va Mar
No par
p^ferred
Ohio
&
Oct
Jun
21% Dec
Jan
81
$5.5)
48%
33%
85
85
500
98 %
48%
34%
-
7,700
78
91
27%
11%
114
7ft Sep
16% Jan
—100
26 74
8,300
9
24%
Oct
ctfs.—100
non-cum
Nov
17 ft Mar
107 ft
,Nfl par
.
Railway
Dec
40
Oct
Nov
53% Feb
25
Dec
14 ft
Jam
64 y2 Jan
5%
20
48 74
Southern
Mobile
,
Edison
Southern Pacific Co
200
11%
*97
California
,35 y2
Dec
,30% Nov
Mar 14
175
Southern Natural G&& Co——7.50
13.100
.700
20
48'4
*113
Southern
37.
,71ft
65 ft
30ft Mar
5
Nov
21%
6 74 Mar 13
100
•
ft pet
4474
15%,Mar 14
-No par
65
Jan
22% Jan
:—
29
22 ft Aug
7
Mar
Feb
19V4Jan
Sugar
-
Aug
20
3.200
84%
11%
Rico
61ft Nov
14%
—-No par
preferred——1
93%
19 74
981/4
Porto
54 74 Apr
22
1
Feb
41V4
Jan
Iron
x42ft
18
§4
Steel
;14ft Dec
Apr
27% Feb
15
Am Gold & Platinum
84%
19'4
-No pr.r
(A O) Corp
93
11%
33%
Smith
Corp—
preferred-.
25%
25%
33%
$1.20
96
11%
*.97
Oil
3
41% Feb 26
Slmonds Saw & Steel
85%
*93
96
,47%
67
114%
*113
3574
31%
60%
84 '4
36%
30
*93
Simmons Co
Sinclair
8%
195
19%
98%
443%
-
200
.
Vs
.33%
105
1.500
31
.,47%
35 y4
35%
*190
300
x36%
*$5
,
56 74
195
<!47
33%
,
.
1Q574
M
36%
46
57
5674
*190
11%
*97
47%
33%
46
20
*19%
33
105
■25%
ny4
11%
98%
*97
96
24%
20
*19
,85 %
*93^
24%
5 61/4
.
195
36 ft
29 %
*84%
56 I/b
'190
36%
36%
*93
7
2.000
61,400
7
9
Mar 2 7
Feb
6
Feb
8
14%, Feb
5374
5374
77
16
fiOft Apr
19%
44%
20%
18
Feb
Feb
Apr
11% Jan
44%
53
3 2 74 ,Apr
27% Feb 26
53 ft
43%
20 Vb
9
5
15
,
20
4
17
40%
106
34 ft
83
35V4
Mar
Mar 27
24% Jan
7
4
2
4
44%
36 y8
16
113% Jan
2
Jan
Jan
Jan
Jan
66
No par
23
3
26%
98 74
23
77
20
No par
19%
56%
3
11574 Mar
8ft
28
90ft Mar 23
.60
Mar 26
A Apr
6
Jan 23
53
Jan
;
19 ft July
110ft July
307/s Mar 29
Mar 30
Jan
19%
*44
Dec
Jan
63 '4 Jan 24
3
2474 Feb
44 ft
53%
*53
12 ft
29% Nov
Apr
;37
,52 ft Jan
113
100
—
_
8harpe & Dohme
Shattuck
Dec
16% Aug
19 y4
Oct
5
.
Corp
preferred
Sheaffer LW
31
Dec
19%
45
4
Dec
Nov
Jan
Feb
26 ft
J8%
Jan
16ft
Dec
48
43%
*190
10 ft
Nov
34
20
7Va
16 ft Mar
4
5
106
Sep
44
16 %
4
18
Oct
46 ft
Sep
Mar
19%
81
99%
21
-No par
Steel
conv
37 Vb Mar
25
33
*43%
*39%
.
40
9
5
i
Co
common
Shamrock Oil
Sharon
Dec
23% Dec
17
10
Corp
$4.50 preferred
$3.50
,
76
74
38
36.200
2174
32
*80 ft
80
47%
21 Va
105
.31%
*80 »/4
&
46%
21%
*111%
117 ft
53% Apr
No par
i
.w
ol> Del
Roebuck
48 Vb
21ft
21%
Jan
14 y8 Jan
,34ft.Jan
100-
Corp
47%
113%
Dec
98
a
Co
21%
38
38
104%
Sears
Nov
37
31% Jan
uNo par
preferred series A
Seagrave
110
Jan
43% Mar 12
-
5%
Oct
Jan
15ft
24ft.Mar 14
Schenley Distillers Corp new—1.75
cscott Paper Co
____-JVo par
Rights
„.__1
Seaboard Oil
Dec
Nov
24%
pa'
No
.
Seaboard
115
87ft
29 ft Jan
Mar 13;
25
Feb
Apr
Apr
33 ft
Jan
lift Jan
5
'The.)
48
30%
31
37 ft
104%
13%
21
21%
113%
23%
80
55%
1
St Joseph Lead_^
Safeway Stores———'
5% preferred
:
J.
8avage Arms Corp
6,700
EXCHANGE
2818%
3474
1374
20
•Highest
t per share
19ft Jan
102ya
Jan
Feb 26;
10% Apr
2
«.
Typewriter^
Feb
$ per share
16
'
21'/a
*76
82 ft
54 74
16
,47-
108% Feb
26
Jacth
50
2
Lowest
Jan
Jan
Jan
Feb
Apr
22% Mar 11;
par
Co
-
40% Feb
Apr
Apr
115
27'%
11074
,45 V2
136
2874
44%
19.
par
Ruberold
STOCK
38%.Feb
104% Jan
No
.
Ruppert,
6,800
30%
2
-1
No
Antelope Copper Mines
Corp
3,200
59 ft
.
1
Co
3-
37'4 Jan
100
series
700
29%
114
10
2,000
53
7
1 6
*72 ft
*111%
30%
15%
x80 ft
55 ft
34 ft
74
36%
36%
30%
114
15 V2
.15ft
.82
r%
35
*72
74%
57
30%
114
*113
15 y4
54%
%
35
35
35
*72%
80
56
79%
56V2
30 ft
113ft
15 74
59%
59%
•30V4
113
•15%
15%
15%
80%
t
30%
114%
29%
114%
*113
59%
58%
,58 %
58
*113
28%
20% Jan
1
Company
Royal
52
100
10
Oil
106y2Marll:
31% Jan
7
113% Jan
2
No pat
3.60%.
Mlg
<icLlield
Ritter
11%
28%
100
,
Tpb class B.
(R J)
Preferred
26
51%
29% Jan
2
110% Jan
4
18*4 Mar 14
.No par
Common
ny8
28 y4
$ per share
Spring
Reynolds
26
51%
$ per share
preferred
conv
Reynolds
ny4
28%
Highest
No par
IOC
Republic Steel Corp
26%
52
Year 1945
Lowest
6% conv prior pfd ser A
Revere Copper & Brass
iiys
28%
Range for Previous
Range Since January 1
STOCK
Par
26%
*51
YORK
EXCHANGE
Shares
S per share
39
125%
24V2
105 7/8
25 %
17
17%
33%
-1061/b
125
33%
25
25%
17 y4
32 y2
107%
39%
*46
46%
104%
Sales for.
the, Week
2772
4 106»/8
43%
Friday
April 19
34%
26%
40
24%
.
115
27 74
108
23%
44%
115
26%
106 V8
123
23%
104%
46%
*46
*104%
115
* 113%
26%
39%
125
44
44%
*
34'/4
34%
34%
34%
115
25 74
40
23%
$ per share
*113%
115
121
$ per share
33%
33%
33
33%
114 ft
Thursday
April 18
$ per share
April 15
April 13
STOCKS
Wednesday
April 17
Tuesday
Monday
Saturday
FRICES
7ft
Apr
Jan
43 ft
Nov
~13% "Dec
Range for Previous
STOCK
Year 1945
Range Since January 1
Lowest
Highest
EXCHANGE
Shares
Par
$ per share
Lowest
$ per share
$ per share
Highest
$ per share
T
14
14
14
14%
14%
14%
15
15%
12
16%
11%
11%
6,100
121/4
Talcott Inc (James)
11%
11%
16% Apr
18
19 y4
19 y2
19%
19%
19%
4,000
19%
19%
19%
191/4
19%
Telautograph Corp-„
5
10% Mar
2
13
Jan
15
.7ft
Jan
62%
62 7'8
63%
6312
63'/8
•64 %
2,600
Tennessee
63%
64%
6374
5
17
4.
19% Feb
6
11%
Jan
18
11%
12%
r°
12%
64%
13 »/4
13 y2
13%
137b
13%
13%
11,300
Texas Co
13%
13%
13%
13%
54 y«
54 v2
551/4
55%
17,400
Texas
55%
56
55 i/b
5574
28 y4
54%
27%
55 y4
28
28%
29 7 B
2,200
Texas Gulf
20%
2lVa
20%
20%
20%
•211/4
20%
-47%
47%
*47 y2
48%
48%
49
48V2
28 V8
28i/2
28%
28%
7,200
Texas
Pacific
20%
20%
9,100
Texas
48
48
Pacific Land Trust
39%
381/2'
38%
39 7'a
*61%
61%
*61 %
61%
61%
61%
61%
63
28 »/4
28 y*
28%
28%
28
28
29 Vb
2974
-105
For
10674
footnotes
*105
see
106 y2
page
2176.
*105
106 »/2
*1031%
1
No par
28%
*38
*35%
25
i
Producing
Sulphyr
21%
39 %
38%
(The
Gulf
49%
1
*38
38%
.9
Corp
106%
6274
1
400
Thatcher Mfg
63%
:390
$3.60
500
Co-
The Fair
IO6I/2
&
Oil
10
6%
conv
preferred
preferred
.1
Jan
25
7% Jan
48%
Jan
Mar
4
13% Apr
15
6ft
Jan
Jan
3
56
17
36%
Jan
22 V4 Feb
25
Apr
29% Jan
Feb
52
9 74
48
26
64% Apr
16
16% Jan
3
21% Feb
1
100
42
Feb
26
51% Jan
17
No
par
27
Jan
7
40
Apr
8
No
par
5974 Jan
7
64V2 Jan
28
Mar 14
3074 Apr
10
,
Texas & Pacific Ry Co
2918
*163-74
Coal
700
11% Jan
No par
16
—_100
103
-
Feb
27
105
Jan
10
1874 Aug
13% Jan
Dec
14
1.3% Dec
19ft Dec
62 ;
Dec
10% Dec
51% Nov
31% Nov
2074 Jun
Jari
55ft
14% Mar
44% Man
31ft
Dec
61ft
8% Apr
x93% July
18%
Dec
Dec
30%
104
:
Nov
Oct
Volume
Number 4483
163
THE COMMERCIAL & FINANCIAL CHRONICLE
2175
YORK STOCK RECORD
LOW AND HIGH SALE FEICES
Monday
Saturday
$ per share
Tuesday
April 16
April 15
April 13
t per shape
15 %
15%
*15%
64%
12%
64%
62%
123/4
13
19 VB
19
*19
61
62
109
109
10
*53 Va
.
10%
55 Va
63
13%
12%
19
18 Va
61%
107%
62%
108 %
10
1C8
10
*53
10%
54%
54%
S pershare.
63%
12%
63%
12%
63%
13
63
63
14
11.200
*18%
63%
63 Va
108
10%
56
19
64%
56
4,600
360
10%
10 Va
10%
54 Va
54 Va
23%
23%
24
22%
23
23%
108%
108
108%
108
*45%
46'/a
45%
45%
46
46%
46
46%
60%
61
60%
603/4
6134
62%
62%
63
20%
21 %
20%
203/4
203%
203/4
19%
52V4
111%
111%
111%
18
2.200
63 3/4
64
19%
19%
54%
53%
53%
54V/2
25%
25
2534
25 Va
25 Va
11%
11%
12%
11%
12
111%
11,900
11134
111 3 4
112
50
*111
112
*17%
17%
17%
17%
18
58%
59%
59
60
*111
593/4
741/8
73
73%
74
74 V8
*103
1041/8
*103
104VB
18%
18%
60 Va
104 %
*
75
1023/a
103
18
17%
17%
18
18%
18%
19%
193/4
20%
59
59
58%
59
59 Va
61 Va
61
65
22%
23 Vb
22%
22%
22%
23
23 %
•
100
No
par
N<
par'
.—.10
preferred
Tlmken
.23
par
No par
Detroit Axle
10
Tlmken Roller Bearing
Transamerlca Corp-
No par
—2
Transcont'l & West Air Inc
1,000
60%
75
74 3/e
*103
$3.75
par
4.700
18%
593/8
23'A
2.300
13,300
11%
104 Va
22%
460
46%
253/a
74
18
107%
54
*103
*59
GOO'
45%
19%
Thompson-Starrett Co.
$3.50 cum preferred
Tide Water Associated Oil
3.300
11%
ll3/a
593A
107
1
-—50
.
18.300
27
113/4
59%
108
«
54
*26
11%
*17%
23%
-
Par
Third Avenue Transit Corp ..No
Thompson (J R)
Thompson Products com— No
4% preferred
!
800
63%
109 Va
108%
26%
19
63%
109 Va
109
Transue & Williams St'l-,.
Tri-Continental Corp
No
$6 preferred
Truax-Traer - Corp
No par
No par
No par
900
17,000
STOCK
i,800
EXCHANGE
___
CLOSED
8,300
GOOD
i,070
FRIDAY
4,300
-
Year 1945
Lowest
Thermoid Co common
$2% div conv, preferred
6,000
56
'108%
10%
19
Range Since January I
EXCHANGE
>
360
13
18 3/4
Range for Previous
NEW" YORK STOCK
.
Shares
15%
22%
53
$ per share-
15%
108%
51%
the Week
15%
22%
*26
Sales for
April 19
153/4
*107%
23
Friday
April 18
$ per share
15%
63 %
61
15%
Thursday
April 17
$ per share
15%
STOCKS
Wednesday
3
par
_1
-
20th Cen Pox Film Corp
$1-50 preferred
Highest
$ per share
Sper share
13% Jan
5
17% Feb
60
Jan
8
70
12
Feb
20
17
Jan
,49
Mar 14
Lowest
8
107% Apr
15
8% Jan
2
$ per share
16
9% Mar
15%
Feb
16
4
53% July
10 Vb Aug
64%
15% Jan
Jan
28
19
Jan
68
24
Apr
Apr 12
112
40% Mar 14
Jan
19%
Dec
July
66 %
Nov
Oct
112%
Nov
Jan
9%
Dec
4%
Jan
26
13
106%
13% Jan
51% Mar 13
Dec
Dec
15% Mar
45
68 Va Jan
112
,18% Feb
107
Highest
S per share
31
Jan
61%
Jan
25
Feb
16%
101
50% Jan
34 Vb
Jan
Sep
107%
52
Jun
Dec
Nov
Dec
Mar 13
66 % Jan
50
Apr
66
Oct
16% Feb 26
21 % Jan
10
Mar
23
Dec
51% Apr
71
9
26
Jan
7.
18 Vb
56
13
.23 % Mar 15
9 Va Jan
3
Mar 20
111
16% Jan
7
Jan
114
Mar
20% Feb
79
Dec
33
Dec
5
Jan
10%
8
12% Jan
Jan
29
33% Feb
103
Jan
112%
Dec
Dec
6
10% Mar
17
Dec
3
61% Apr
5
26.% Mar
45% Dec
49% Jan
3
76% Apr
4
34 Vb Mar
56
No Par
103 % Apr
12
106% Jan
10
No par
50
$4.50 prior pfti-i
Twin City Rapid Transit
5% conv prior pfd-.,
Twin Coach Co
39% Jan
No par
14 Vb Jan
4
20% Apr
18
50
Jan
3
65
Apr
18
20% Feb
26
26% Jan
1
102
May
9%
106%
Dec
Jan
Jan
16
Dec
42
Oct
52 %
Dec
29
14%
Jan
25%
Dec
58%
Jan
77
Oct
14'A
Jan
u
74
73%
733/4
74
74%
19%
22%
22%
23%
23
23 3'8
22
23
32 %
32%
31%
32%
32%
32%
33 3-8
3 5'/a
*72
119%
*lllVa
113
*108%
26>A
160
*119
*73%
74%
*73
74%
500
21%
22 %
13,000
Union
34 Va
35 %
33.500
Union Bag & Paper
119%
119%
122%
1233/4
123%
125
112%
*111%
112%
*
112%
*111 Va
112'/a
111 %
112%
113
*113
115
*113
114 Va
*113
114 Va
113
114 Va
*108%
110
*10834
110
*109%
110
110
26%
120%
121%
26%
26%
160
160
119
119%
26%
160
119%
111 Va
161
122
"109%
8.400
20
27%
27%
28 %
21.400
2.800
161
160 Va
161%
160 Va
1603A
*118%
119%
118
118 %
118
118
500
40
40
40
39%
39%
40
40'A
40%
40 Va
I,100
29%
29%
29%
31
303i
31 %
30%
31%
3034
31%
16,600
109%
109%
3S.%
41%
401/4
*47%
48'A
48
108 Vs
110%
87%
87%
*86
8 7Va
37 %
371/4
*37
37%
*39%
*
*107
112
41%
48V4
108 Va
48 'A
112
*110
111
411/4
111
111
42%
49%
42 Vs
42
50'A
45 %
300
42%
491/4
42V4
49 %
88 Va
88
*37%
37%
38
88%
89
1,100
*37%
38
200
17VB
16
16%
16 3/8
16%
15%
16'A
15%
16 Va
51,500
28 3/8
27%
28
26%
27
26%
26%
261/4
26 Va
1,500
5 Va
53/4
5%
5%
58,300
5%
5%
5%
5%
No par
Union Oil of California
25
100
100
Union Pacific RR Co
4%
preferred
non-cum
Union Tank Car
No par
5%
conv
5%
conv
United
No
preferred
Co
No
54%
54%
53 3 4
54%
6,300
37
37 Vb
37%
37%
38
383/4
37%
38%
377
a
38 Vt
12,200
United
Drug
14%
14%
14'A
14%
143/4
15%
141/4
143/4
14%
14%
4.500
United
79
79
79
79
79
82 Vb
78
80
18%
18%
18'A
18 3/4
18%
18%
18%
18%
51
51
52
149
149
147
52
51
148%
145%
52 Va
52
51
145%
147
146
54
29%
29%
28%
57%
2
28% Apr
18
20%
Jan
140% Jan
2
168 % Feb
7
109%
Jan
151
Nov
112% Jan
24
120% Mar 11
100%
Jan
112%
Dec
42 % Jan
9
29
Aug
45%
Nov
28
25
Aug
38%
Dec
109% Apr
13
104
Sep
39% Apr
par
13
33% Feb 25
108Va Apr
109
109
109
109
109
11%
11%
*11%
11%
*11%
30
31%
29V4
29%
29%
*107
23%
*122
109
24%
125
107
107
120
23%
121
120
109
200'
109
1,200
United
303/4
31
31%
31
31%
5,000'
23
107
Va
23 Va
122
*204
107
107
*23%
1.600
*204
4DA
383/4
39%
39%
40
40
783A
77
79
*77
80
X80
80
84
90
541/4
543/4
531/4
54
55
55
55
55
55%
56%
1,400
10%,
103/4
103/a
10%
10%
10%
11%
11%
11%
11%
900
39%
39 3A
39V4
391/4
39%
39%
40
40
39
39%
18%
19%
19
193/4
19
19%
19
19'A
19
19 Va
II,900
*11%
11%
11%
IDA
11%
11'A
11%
900
*11%
39%
*11%
11%
59
58%
58%
59
59%
*82
84
82
82
*81%
84
81%
81%
59
59
57
57
58V4
60%
61V4
63
5%
5%
5%
58
58
5%
5%
743/4
743/4
59
*182
183
5%
5%
73 '
74
182
182
74
183
751/4
5%
76%
183%
184 Va
75
183%
s
70
70%
70
70%
71%
73 3A
73
741/4
*88
88%
*88
88%
88
88 »/4
*87
88%
83 3/8
84
85
82%
160
83
160
82%
159%
159 Vs
159%
84%
1591%
158V4
85%
159
>42'A
5.400'
46
HVaJan
3
55
12
38 %
Jan
50%
25% Jan
7
3834 Apr
16
15%
Jan
29%
Dec
j
12
Mar 13
16 % Jan
28
9%
Jan
143/4
Jun
|
71% Mar 16
85
Jan
17
66
Jan
88%
Jun
16% Jan
21% Feb
16
17%
Dec
56
52%
Dec
5
24
3
89% Mar
120
Oct
23% Jan
3
30% Apr
10
13%
47% Mar
6
63 % Apr
17
22
106% Mar
6
60
60
1.100
*81%
84
300
61%
63
5,900
75
Partic & conv cl A
73%
400
158
85%
22.300
158 V4
841/4
1 600
51
10
Mar 13
60% Jan 12
-1
41
8%
)
j
8
8
7%
8%
8%
8%
4,600
United
9,500
United Stores
7%
26
5% Mar 13
64% Mar 4
16
35
Jan
57
Dec
82
Apr
15
46
Jan
67
Nov
63
Apr
17
27%
Jun
48%
Dec
*
7% Feb
7
2 V» Mar
7'A
Dec
!■
77% Apr
10
51%
Jan
73%
Oct
6
144%
Jan
60
19%
19%
19 Va
20
126
*115
120
23
23
*115
23
21%
20%
102
102
100%
46%
99%
22%
19%
120
22%
20%
21%
1023/4
22
102
1023/4
46
47%
99%
100
19 VB
47%
100
20 Va
120
*115
l60O
23%
*23
20%
203/4
1013/4
102'A
*200 Va
*200%
*200%
47%
84 Va Feb
6
52
Jan
77%
Dec
89
Feb
11
72
Jan
89
Oct
;
97% Feb
6
58%
Jan
85%
Dec
►
Feb
16
135%
Jan
160
Nov
•
,
Mar 19
Jan
22
79% Jan
3
Jan
154
21
187
166
Feb
176
Oct
—No par
27
Mar 15
29% Jan
14
23 Vb
Aug
32
Nov
25
50
Jan
54
Apr
11
46
Sep
503/4
9% Jan
28
4
Jan
8%
Monday
Wednesday
April 17
Tuesday
April 15
April 16
$ per share
$ per share
*31
32
31%
32
32
*22%
23%
22%
22%
22%
55
23%
43%
43'A
*112 %
15,400
90
Universal
3,500
99%
99%
360
Sper share
1
$4.20 iion*c 2d pfd-5
Laboratories
Inc
Universal Leaf Tob
Universal
4%c!o
1
—No par
100
preferred
R<&
.
46 3/4
-
Pictures COr Inc
—_1
100
preferred
7% Mar 20
15% Mar 13
106
21
Mar 25
Feb
25
8 Vb Jan
31
94% Feb
26
188
Jan
3
39
Feb
25
99% Apr
15
20% Apr
10
4%
Jan
16%
Jan
24
98 Va
Jan
1211/4
27% Feb
7
16
Jan
128
22
Apr
16
110 Va Jan
10
200
Mar
1
49% Jan
101
10
Apr
5%
Thursday
April 18
S per
share
Friday
April 19
$ per share
NEW
Salesfor
YORK
9
Dec
Dec
Dec
Dec
Jan
110
Dec
Mar
200
Nov
23% Aug
48%
9
—
Dec
—
Range for Previous
STOCK
Range Since January 1
EXCHANGE
the Week
25
Jan
75%
178
STOCKS
Year 1945
Lowest
Par
Shares
46%
*106 %
107%
*106%
107%
9%
10 Va
9%
10%
89%
*122
*95
*49%
*43%
43%
89%
122%
105
50
44
*88
121%
*100
23%
23 Va
23%
23%
43%
90%
*
106 %
107%
91
11
92%
122
*121%
122 Va
105
*100
105
49%
49%
44
*43
44%
49%
43
43%
43%
112V4
112%
*113%
*113%
46%
9%
43V4
112'A
46%
STOCK
1,300
EXCHANGE
1,600
Van
Norman
100
Van
23%
44
112%
CLOSED
GOOD
FRIDAY
1,700
700
30
Highest
$ per share
$ per share
Lowest
$ per share
Highest
$ per share
47'A
47%
107 Va
1073/4
*1073/4
70O
3%%
108%
110
10%
10%
15,800
92
90%
90%
600
122%
*121%
122 Va
90
Va
*100
110
30
Va Iron Coal
100
100
50
50
50JA
50'A
700
43
43
43
42'A
43
60O
44%
45%
453/8
45%
44
44
*151
165
*151
165
*151
165
*151
190
*176%
190
*176%
190
*176%
190
*176'A
190
75
74%
1,500
165
*176%
Sugar
6%
&
34%
Dec
13
Mar
22%
Dec
5
32
Jan
50%
Nov
19% Mar 13
24% Jail
10
13 Va
Apr
24 %
Dec
43'A Apr
13
44% Mnr 29
100
104
Jan
100
Works
110
Jan
16
115
Feb
15
90%
Jan
37'A Feb
26
50
Apr
2
24%
Jan
8
100
Chemical
No
107
Mar
2
1
112% Apr
9
86 Va Mar
104
103
+
45 %
Dec
Dec
Dec
108% Mar 18
.
par
6% Jan
3
12% Jan
29
partic preferred
100
77 Va Jan
5
99 % Jan
28
100
120
25
123 % Apr
10
100
29
80
Jan
21
105
47
Feb
26
51% Feb
18
45%
Jan
55
Nov
39% Jan
4
45 \a Jan
30
36%
Jan
43 %
Nov
$5 pref
& Coke 5%
pfd
Virginian Ry Co
6preferred..—
29
Visking Corp (The) class A
Vulcan
Jan
4
56'A Apr
Pow
dlv
El
21%
23 '/> Feb
2
2.50
new
preferred
cum
Va-Carolina
8
26
46 Va Jan
Co_6%
preferred
non-cum
11 Va
49%
Co
Victor Chemical
92
168
44%
Chemical
Feb
39
18% Feb
10
Vicks Shreve & Pac Ry
10%
*151
44%
Vick
29% Mar 13
2.50
Co
Vertientes-Camaguey
5%
—
46%
*121%
No par
Raalte Co Inc
55
46 %
■
Vanadium Oorp of Am
31%
23%
23
*543/4
*113%
47%
*46
233/a
55'A
*112%
*113%
32%
23
*543/4
43%
44
46%
32
32%
22'/a
313/4
23%
23%
*112%
*113%
5
43
100
Detinning Co
Preferred
X161
-100
-
172
Jan
A piMar
Feb
4
Apr
45% Apr
9
3% Mar
59 %
118
57
8%
Dec
Jan
81
Dec
Sep
124
Nov
Jan
83
Dec
17
170
Mar 29
120
Mar
165
Dec
175
7
2
Jan
15
145
Mar
173
Dec
Feb
21
W
74%
74 3
4
74%
500
*76%
77
75%
76%
75
20 Va
20
20
20%
20 Vs
20
20
20%
20 VB
700
*19%
443/4
45
45'/a
45%
46%
46
46%
3,700
44%
44
*104
106
*104
106
*104
112
105 Va
112
111
111
114
115
114
20
20%
*20
16%
17
17%
17%
17%
18 %
17%
18%
14
14%
133/4
14
14%
14'A
14
141/4
106%
106V4
106%
106%
106%
106%
*106'A
106%
240
46%
47%
45%
47
453/4
47%
31,800
*40%
41%
*39%
41
*41%
423/4
300
44%
*104
For
footnotes
20%
20%
see
106%
page
2176.
j
Dec
Stockyards Oorp
$6 conv preferred—
No par
Universal-Cyclops Steel Corp——1
—
46
55 Va
*54
55
55
233/8
*43%
n
■
Dec
4
V
23%
,
1
7y8
LOW AND HIGH SALE PRICES
*54
<
67% Mar 13
preferred
non-cum
Feb
84
No par
U 8 Tobacco Co—
8
$ per share
Dec
171
100
'8
Saturday
April 13
39
*50
Preferred
■8
99%
i
30 V» Mar
Dec
..100
—50
Mln
Corp—
90
100 %
1st preferred
non-cum
2,900
100
10
U S Smelting Ref &
Preferred
U 8 Steel
NO par
Co
53%
—
Dec
Feb
20
U S
27%
47%
12%
Jun
53%
*200%
46%
Dec
6% Mar
11%
273A
—
55%
29
13% Jan
34% Nov
Jan
27%
21%
70%
Jan
9%
53 V4
102
Jan
Jan
2
11
107/a Jan
53 V4
*200%
46 1
13%
50
18
18
12% Jan
10
-
27%
21
j
38 Va
Apr
Apr
59 Vb Feb
2
Preferred
U S Pipe & Foundry
U S Playing Card Co
27%
103
Dec
1
j
Dec
52
19%
115%
16%
27
*102%
9 Va Mar 14
Ja.n
j
Dec
77
;
Nov
115
Jan
52
19%
90
Nov
28
Jan
7%
27 Vb
23
46
107%
Apr
77
6
52
*115%
26
Oct
16%
4
204 'A Mar
59% Feb 28
47% Mar 13
103 Vb
10
Apr
Apr
27
19%
par
Feb
26
Jan
25% Feb
20
52
23%
126
Dec
2
273/8
126
108
26%
13% Jan
53
19 V*
4
Jan
:
Dec
U 8 Lines Co_———————_———_—————1
27%
23%
2
Feb
22% Mar 14
Feb 26
108
Jan 11
199
13%
29
53
*115
11%
21
Nov
6% Mar
Jan
U S Rubber
1.200
10
112
106%
44
6.600
4,700
32 3b Apr
Oct
•
Dec
2
3,700
75%
29
j
Nov
52
36 Va Apr
53A
88
23
25
No par
Plywood Corp
*U S Realty & Impt
184
184
*87.
Jan
Jan
Mar
13 Vb Jan
106
No
77 Va
5%
110
No par
Co
Leather
9 3A Mar 13
3
50
Nov
9
Jan
No par
;
Nov
28
23
preferred
Dec
Nov
5
Jan
No par
U S Industrial Chemioals
13
253/4
July
153% Apr
Co.__13%
10
Apr
7% July
22
7
45% Mar 11
110'A Jan
.
12
10% May
33% Jan
par
No par
20
7%
i
—100
U 8 Hoffman Mach Corp—-——6
U S
1
47% Jan
Co
preferredconv
Dec
Feb
Jan
5
Faperboard—
5%%
Dec
36
26%
Dec
1%
U 8 Freight Co
460
82
5
13
U S Gypsum
2,200
38%
*76
Jan
Jan
29
$4.50 preferred
60
1.400
24
125%
123
114
115
Dec
7 »/8 Jan
U S & Foreign Secur
107
Dec
109% May
66
Jan
15
62%
17% Apr
100
11%
121%
40
120
Jan
28% Apr
preferred
11%
24
22% Mar
2
No
12
109
31 Vb
9
3
Cos
Co
11%
121
0
12
United Merch & Mfrs Inc com——1
5%
18
Jan
100
Coal
12
*204
*204
*204
*107
24
*23%
109
109
109
9.600
Jan
54 % Jan
50% Apr
4Vb Jan
Preferred
Gas Improvement
63
119
!
1
United
29%
61%
Dec
37% Jan
20
Co
23,900
28%
63%
27 %
2
5
Engineering & Fdy
29%
111% July
Apr
Fruit
62%
Jan
115% Jan
108% Apr
26
38
United
29 Va
116
25
25
Feb 26
United
631/4
Jan
Feb
30
2.300
29%
Oct
Dec
23% Feb
18
2.100
58%
591/2
26%
102%
117%
Jan
Apr
112'A Feb
Apr
147%
291/4'
r29%
59
17
78%
Xll0%
106
'
59
5
89
145%
521/4
18
26
Dyewood Corp
Electric
125
Feb
$3 preferred-——
United
Anr
115% Feb
3
55
320
1
No par
54%
2.400
26
73
.'.
54%
I8V2
98% Feb
111% Apr
No par
54%
81
17
par
Corporation
55
18%
35% Apr
No par
Stores
30o
543A
*79
16
3
37% Feb 26
100
Cigar-Whelan
preferred
Prior
23% Apr
Jan
27% Apr
United-Carr Fast Corp.
United
8
3
23
10
Co
Carbon
United
77% Apr
17% Apr
100
preferred
Biscuit
66% Mar 15
5
United Aircraft Corp
2,100
16%
53/4
Union Carbide & Carb——No par
Union El Co of Mo $5 pfd—No par
Preferred $4.50 series^
No par
United
28%
5%
5
United Air Lines Inc—
50
87 Va
Co
No par
8,400
108 Va
87%
37%
No par
Rubber
Asbestos
Preferrd $3.70 series
111
27%
27'A
Underwood Corp
20%
46
*39%
20%
106%
*104
106
1143/4
113
114
20 VB
*20
100
46%
45V4
46 3/8
41%
41%
42
2,000
20%
500
17%
18%
26,800
13%
133/4
1,400
Wabash RR
Waldorf
4%%
Walker
(Hiram)
Div redeem
Walworth
73
Apr
4
par
18
Jan
22
No
par
39
Jan
2
Afi
100
G
100
No
105
Apr
12
111
par
98
Feb
26
117% Jan
14
61 % Mar
-No par
.No par
20
Jan
3
21V4 Feb
21
19
13
Jan
preferred
System
Walgreen Co
4 °/r
preferred
& W
preferred
Co
No
Bros
Pictures
&
Pipe
1/2 Ar»v
64
Sep
78
Nov
6
13%
Jan
20
Dec
18
30%
Jan
42
Dec
Mar 26
105
Aug
110 Va
Sep
110
Dec
Sep
20%
Feb
3
1QK. Fob
1«
8 3/4
Jan
14%
Dec
xl 1% Mar
15
15 V4 Apr
5
83/4
Oct
16%
Dec
100
Baking Co
5 % % preferred
Warren Fdy
20% Feb
1
Ward
Warner
86
103V4 Jan
3
107 % Feb
20
913/4
Oct
105%
Dec
Mar
35%
Dec
50
Dec
5
.No
31
Jan
3
49
Apr
9
par
35
Mar 15
50
Jan
16
13
29%
Apr
t
THE COMMERCIAL & FINANCIAL CHRONICLE
2176
Monday, April 22,
1946
NEW YORK STOCK RECORD
LOW AND HIGH
$ per
share
Thursday
April 18
$ per share
tper share
share
STOCKS
Wednesday
April 17
April 16
April 15
April IS
$ per
Tuesday
Monday
Saturday
SALE PRICES
$ per share
Range for Previous
Sales for
Range Since January 1
Lowest
Highest
NEW YORK STOCK
the Week
Friday
April 19
EXCHANGE
Petroleum
Warren
18% Jan
5
Corp
26 Ma Apr
24
Jan
9
24 Ms
24 Ma
24%
24%
26
26
26 Mi
26
26 Ma
4,300
35
35
34 M4
34%
34 Mi
34 Mi
34 Ms
34 Ma
34 Ms
34 Ms
700
Washington Gas Lt Co
31
31
*30 >'2
31 Ms
31
31 Ma
31 Ma
31 Ma
30%
31
700
Waukesha Motor Co
3
28% Mar 14
43%
*42 Ms
43 Ma
*42%
43%
43%
100
Wayne Pump Co
1
40
'42 Ma
24%
'42 Ma
43 Ma
15%
15 Ms
15 Ma
38
38
38
38
33%
88
15 1
*87
88
87
87
15 1
8
38
'87
15
4
42
116%
119
110 Mi
111 Ma
110%
116
116
116%
116%
ail Ma
113
x
'116
116%
48
48
116
48%
48
114
*114
GOOD
41%
10
1%
111
90
6%
116
80
111
111
116%
116
48 Ma
114
48
114
48 Ma
'114
4 Ma %
40
16% Apr
3
41 Ma Feb
1
87% Feb
11
28%
28%
28%
28%
1,600
Western
Air
73
73%
73%
73%
71
72 Ma
2,600
Western
10 Ms
10%
10
10
2,400
lOOMa
Jan
113M4
122 Ma Feb
6
109%
Jan
118 Ma
110
Jan
23
113 Ma Feb
11
101
Jan
112
Dec
115 Ms
Apr
3
119 Ma Feb
18
113%
Sep
118%
Dec
Lines,
35 Mi Feb
No par
100
Inc
57
25%
26 Mi
27
27
27
600
53 Mi
52 Ma
53
52%
53
900
lOOMi
100 Ma
lOOMa
100
1,400
37%
37 Ms
37%
23%
22
22
Ms
37 Mi
37 Mi
100
100
37 Ma
37
37%
25
22 Ma
22 Ma
*22
36 5 8
36%
36 Ms
36%
36
34%
35's
34%
34%
34%
35%
43 Vi
43 Vi
43 Mi
43 Mi
42%
43%
41 Ma
42
*41 Mi
42 Ma
*41 Mi
37 Mi
'22 Ma
37 Va
105 Mi
'105
49 Mi
104 Ms
104%
104%
104%
37 Ma
7,000
35 Ms
34 Ms
34 Ma
27,400
42%
40
40%
840
42 Ma
41%
41 Ma
500
Weston
600
38
105
=
75
*70 Mi
103
75
105
105
105
104
35
*33 Ma
34 Ma
34
34
*34
39
38 Mi
39 Mi
39 Mi
40 Ma
15%
15%
104%
310
4.900
*87
X88M1
90
*88
90
35
35
*35
35 Ma
*35
35 Ma
*35
35 Ma
*35
35 Ma
100
11 Ms
11%
11
11 Mi
11 Mi
11%
11%
12%
11%
12%
8.500
24%
24%
23 Mi
24%
23%
24
23%
24 Ms
23 Mi
23 Ma
18.300
18%
15.800
17 Ma
17%
17 Mi
17%
17%
99%
*99 Ma
100 Ma
*100 Mi
100 Ma
20
19%
147
165
*149 Ma
165
*42
44
x20
20
*19 Ma
'149 Ma
165
43%
61%
x60%
68
68
44 Ma
45%
68
67
100
'98
67%
Wrielev
43 Vi
44 Mi
43%
43
44%
43
44
42%
44
4.500
52M2
52 Ma
52
52
53
53 Mi
54
55
54%
55%
2.600
24 Ms
24%
24 Mb
24 Me
24 Mi
24 Ms
24 Ma
24 Mi
24 Ms
24%
3,700
'30 Ms
31
31
500
26 Mi
2 6 Mi
2 6 Ms
27 Ms
27
27 Mi
267/B
2 7 Ms
3,400
38 Ma
38 Ma
37 Ma
38
37
36 Ma
37 Ma
36 Ms
37
13%
13%
13 Ms
13%
13%
13%
14 Ms
14
14 Mi
•Bid
z
5%
and asked prices;
per
annum
no sales on this day.
tin receivership.
until Aug. 1, 1946, 4% per annum thereafter.
a
Transactions at the New York Stock
Stock,
n New
'Wm>
Tr
'Del)
r Cash
sals.
•
and Miscel.
Shares
April 19,1946
616,370
Saturday
1,173,380
United States
Government
Bonds
$2,000+
$210,000
3,579,000
239,000
Special sales,
3,845,500
1,459,340
3,839,000
146,000
346,500
52,000
4,037,000
4,372,000
59,700
4,778,200
4,260,400
270,000
11,000
4,541,400
—GOOD
6,271,630
...
$18,122,400
$152,200
Jan. 1 to
April 19
1946
Stocks—No. of shares
FRIDAY-
$1,211,500
Week Ended
1945
6,271,630
$19,486,100
9,093,744
132,641,507
$48,000
$2,761,800
$2,048,050
29,661,200
58,978,700
461,867,100
37,527,700
842,109,400
$19,486,100
$62,968,500
$494,290,100
$881,685,150
Stocks
stocks and
30
so
IB
Total
Indus¬
Rail¬
UtiU-
65
30
Jan
Jan
29
9% Mar 14
12 Ma Jan
29
26% Jan
16
103
6% Mar
19% Mar 15
16% Mar
17
16 Mi Mar 13
19% Feb
5
17
lOOMa Feb
21% Feb
7
142
100
Oct
Dec
35
Dec
Oct
12
Dec
26 Mi
Jun
21
18 Ma Mar 19
99% Jan
Mar
142
5
Mar
5
10 Ma
Jan
19% Nov
13Ma
Jaii
22
128
Jan
Dec
138% Dec
Feb
26
45 Ma Apr
18
22 %
Jan
37
50% Feb
26
61 Ma Apr
16
40%
Jan
53%
Feb
26
69 Mi Apr
10
38
Jan
70
Nov
91 Ma Jan
7
Apr
4
79
Jan
100
Nov
34
50
•
99
Nov
Dec
16
80
Jan
lOOMi Nov
Feb
4
75
Jan
110
82 Mi Apr
1
69 Ma Mar
84
Oct
13
Jan
23%
Dec
Jan
47%
4 4 Ma
Apr
16
Nov
42% Mar 14
27 Vi Jan
31
13 Ms
Jan
24Ms
Oct
35 Ma Jan
17
19%
Jan
31%
Dec
61% Mar 13
74 Ma Feb
5
39 Ms
Jan
70 Ms
Dec
25
Jto par
9
26
27 Ma Mar 13
1
57% Apr
21 Ma Feb
IB
31
Sep
Jan
2
32%
Dec
29
Jan
20
Mar
27 Ma
34% Mar 14
42 Ms Jan
15
34 Mi July
44%
Dec
l07/a Jan
.1
14Mi Apr
18
5% Jan
12%
Dec
wd When distributed.
3
x-Ex-divldends.
y
Ex-righta.
Exchange
Bonds (Par
Foreign
Value)
Foreign
Corporate
.
Shares)
Domestic
Government
$117,000
Total
$12,000
$129,000
460,870
345,000
$3",000
362,000
554,820
238,000
12,000
673,500
344,000
18,000
"~~2~000
364,000
642,845
308,000
65,000
1,000
374,000
$6,000
$1,479,000
Jan. 1 to
April 19
14,000
-GOOD
2,614,850
$1,352,000
250,000
FRIDAY-
$121,000
1945
1945
1946
2,614,850
2,244,862
61,196,050
36,224,124
$1,352,000
$3,770,000
264,000
33,000
$29,488,000
$52,560,000
5,238,000
19,909,000
6,000
226,000
376,000
$1,479,000
$4,067,000
$34,952,000
$72,845,000
.10
Indus¬
TotaL
First
Second
Grade
10
Utili¬
Total
*0
ties
Bond*
109.55
109.33
440
452
129
134
114 Mi
118 Mi
43%
45%
Lnwvprc Trust.
—
52
Manufacturers Trust Co
—20
Central Hanover Bank ft Trust 20
Chase National Bank
15
Chemical Bank & Trust
.—10
trial*
Rail*
Rail*
105.99
119.64
102.13
April
April
April
April
206.01
63.58 4
42.1?8J
7638
-105.97
64.37
49 QQ
77.15
105.98
119.33
102.05
109.63
109.2$
Corn
2
15.91
119.34
103:16
102*20
109.54
109.24
Emoire Trust
64.86
i
<65.2(jf!
1
119.30
HOLIDAY-
TCTIt
tm,:
\
102.04
—HOLIDAY!
^
'*0* •'
••
:h
119.57
1*
109.57
109.55
109.29
109.24
■
i
100
Commercial National Bank ft
Trust Co
20
Continental Bank ft Trust
10
Exchange Bank & Trust.20
Fiduciary Trust
First National Bank_,
5f
10
50%
50
52%
Fulton
51 y2
Trust-
Grace National
190
(J Pi & Co Inc
346
100 1,950
9e
50
.
23
62 Mi
64%
Public Nat'l Bank ft Trust—17%
41 Ma
100 1,865
44 Ma
1,925
Sterling National
—
—12%
.46%
.25
109 Mi
25
Title Guarantee ft Trust—_12
United States Trust
62 Mi
317
100
21 Ma
125
.
19%
10
National City Bank
New York Trust—
120
Ask
215
200
J100
Guaranty Trust
Irving Trust
Kings County Trust
Morgan
48 Ma
Bid
Par
Brooklyn Trust
76.31
'
lit
36
tlM
207.97
Rid
34
42.54
Stock*
City Banks & Trust Cos.
Par
Bank of the Manhattan Co.—10
Bank of New York
100
Bankers Trust
10
10
Grad*
121,000
Foreign corporate
63.43
V-
35
x33MaJan
Foreign government
road*
-
Jun
Domestic.
trial*
'f-'j:~'T ^
?
Dec
94
Stocks—No. of shares
206.02
April 19
18
Jan
Total
April 13
^208.31?
Jan
83%
282,815
bonds
-Bonds—
——-—■
10
18
8%
24
—
New York
by Dow, Jones & Co.
207.93:
30
Jan
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Stock And Bond Averages
the daily closing averages of representative
the New York Stock Exchange as compiled
are
•
19 Ms Jan
95
Mar 23
1946
18,122,400
TotaL
17
13% Mar 13
84
Week Ended April 19
3,941,300
Railroad ft Industrial
15
16
47 Ma
1945
116,995,617
$152,200
„
Date-
31 Mi
Jan
April 19
1946
1,211,500
on
Jan
26 Mi
Apr
Bonds
U. 8. Government
Foreign
listed
Jan
21%
28
April 19,1946
Bonds
Below
87 Ma
9
Jan
01
Week Ended
1,495,600
Total
17
35% Apr
Stocks
$2,284,000
27,500
Friday
Dec
44
105
21
(Number
Bales
1,526,940
Wednesday
Thursday
Jan
47%
26
Bond
Bonds
$2,072,000
Feb
107 Ma
26
Total
Foreign
Bonds
78
Dec
Daily, Weekly and Yearly
Railroad
Number of
Week Ended
Jan
101% Aug
31% Jan
Transactions at the New York Curb
Exchange
Dec
105%
35 Ms Feb
par
Zonlte Products Oorp.
Daily, Weekly and Yearly
Stocks,
3
64
Dec
43
Oct
27 Mi Feb
_No
Zenith Radio Oorp
4.500
16,300
Deferred delivery,
16
Jan
98 Mo Jan
Young Spring ft Wire
No par
Youngstown Sheet ft Tube—No par
Youngstown Steel Door
No par
7.400
26%
16
45
par
10
pfd
Tale ft Towne Mfg. 00
York Corp
31 Mi
26%
11
Jan
58% Feb
100
45 Ma
20
Wyandotte Worsted Co
73
Jan
4
2.300
71 Mi
72
106
20 Ma Jan
30
76%
73 Ms
26
106
93%
76
72
Feb
Mar 26
70
101
lOOMa Apr
*90
78
72%
28
31
42
5
3
93%
X77
72 Ma
Jan
107 Ma Jan
103% Jan
9
101%
*90
78
73
11
Oct
37% May
50% May
37% May
30% July
27% Feb
29
13
*100
92
78
72
36 Ma Mar 21
Jan
48% Feb
Feb
lOOMa
92
78
74
45
25
Apr
Apr
lOOMa
92 Mi
13 Ms
Mar 22
76
100 Ms
79
X36 %
Feb
40
39% Jan 30
32 Ms Mar 13
40
93
100
94
73
Apr
89
100
200
Jun
Oct
10
78
30%
92
Dec
10
=92
30Ms
Jan
38 Mi
No par
100
30 Ma
64%
27% July
31 Ms Aug
No
*98
100
30 Ma
July
17
29
Co
100
30%
57 Ma
lOOMa Apr
1
preferred
*98 Ma
'30 Ma
Jun
Jan
2
3
100
104
37%
30 Ma
40% Jan
20
*98
*100Ma
Feb
4
32 Ma Mar 14
Motors
100
*98
13 Mi
Feb
Worthington P & M (Del)—No par
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical
No par
1.600
67%
17
56
56
Woodward Iron Co
11.700
32% Jan
2
Dec
35
Woolworth (P W) Co
600
61 Me
Jun
Jan
1
No par
Wisconsin El Pow Co 6%
60%
14 Ms
Aug
Co-
Wilson-Jones
165
61%
44
60%
67%
*149 Ma
44
43 Mi
61
68
67 Ma
165
Jan
43 Ma
No Par
Wilson ft Co Inc
$4.25
4%
26 Mt
preferred
Oil
Willys-Overland
500
19%
*19 Mi
Prior
Wilcox
300
100
100
19%
*19 Mi
43 Ms
*42
61 Mi
60%
17%
100
100
20
*149 Ma
18 Ms
17 Ma
17%
99%
120
16
12 M2
White Sewing Mach Corp
$4 conv preferred
90
13 Ms Jan
1
16Ma
*88
Dec
14
No par
16Mb
16
90
61
14
White Motor Co
16
Jan
12.50
$3.75 preferred
3.600
*87
16 Mi
32%
53% Jan
Instrument
41
90
15 %
13
32 Mi Jan
White Dental Mfg (The S S)
200
34%
74 Ms. Apr
12 M2
Elec
40%
16%
15 Ma
2.700
53
Dec
2
17
Wheeling ft Lake Erie Ry
100
5Ma% conv preferred
100
Wheeling Steel Corp
No par
$5 conv prior pref
1-No par
10
Dec
3%
36% Mar 15
Preferred
IOO
51
38 Ma
104
39
Westinghouse Air Brake
180
40
115
22
Class B
Westinghouse Electric Corp
105
70 Mi
*103
51 Ma
50 Ma
50
38
105
Dec
No par
Westvaco Chlorine Prod
37 Ms
105 Mi
*34 Ma
35 Ma
38%
*49%
37 Ms
x103
105%
49 Mi
49 Ms
49%
75
*70 Mi
'103 Ma
37%
377/s
Jan
3
No par
300
*105
106
9
46 M2 Mar
class A -No par
11,700
42
37%
105%
Western Union Teleg
37%
233/4
37
11
Jan
23 Mi Mar 30
100
series
34 Ma
105 Mi
75
*103 Ma
105%
*35
37%
105%
*70
70
70
103 Ma
37 Ma
A
Preferred
'21 Ma
*41 Mi
43
105 Mi
37 Ma
37 Ma
105 Mi
37%
100
10
35
Oct
9 Mi Mar 15
Western Pacific RR Co com—No par
100
Jan
22% Mar
Apr
25
Nov
8 7 3/i Jan
25 Ma
52 Ma
100
Feb
23% Mar
116 Mi Apr
7
27
51 Ma
99 Ms
51
26
112 Ma Jan
1
25 Ma
51
Nov
5
11
4
9%
'24%
37
43 Ma Feb
Supply Co
10
Western Maryland Ry
100
4% non-cum 2nd preferred—100
9%
Nov
116 Ma Apr
73%
52 Ma
Nov
89 Ma
3
73%
25%
Dec
38 Ma
Apr
2
74 Ms
9%
16%
Jan
Jan
27%
'24%
May
Jan
73 Ma
'51 Ma
9
24
84 Ma
36
Auto
10
Dec
Dec
112
27%
9%
Dec
47 Ma
115 Ma Jan
28
9%
32
33%
Jan
100
preferred
28 Mi
18
12% Mar 14
pfd
West va Pulp & Pap Co
3,700
116
28
30%
21% Nov
Jan
Mar
100
100
Power 4Ma%
28 Ma
31
85 3/i Mar 15
preferred
preferred
West Penn
20
3 3 Ma Jan
West Penn Electric class A—No par
200
119 Ma
24 M4
16
47 Ma Jan
25
S per share
14% Aug-
18
35 Mi Mar 14
No par
1
Inc
West Indies Sugar Corp
3,600
FRIDAY
117%
119 Ma
47 Ma
116
*114
41 Ma
116
Tobacco
$4 conv preferred
200
Feb
Highest
tper share
34% Feb
No par
Wesson Oil & Snowdrift
119 Ma
49
48 Ma
\16
Webster
1.000
CLOSED
116 Mi
111
xll8
41%
116 Ma
*119
120 Ma
120
41%
116 Ma
8,600
EXCHANGE
88
30
No par
5
STOCK
38 Mi
*87
111
118
119 Ma
87 Ma
16%
37%
16
38 Ms
.
116 Ma
*115
116 Ma
*115
43%
16
15%
38
'87
42
41%
42 Mi
42 Mi
42 %
'115
*
$ per share
$ per share
Par
Shares
Sper share
Year 1945
Lowest
100
45 Mi
-
99
28
780
-
355
20%
2,000
53
64 Mi
323
48%
113 Mi
47 Mi
103
29 Ma
810
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4483
163
Volume
Bond Record
2177
New York Stock Exchange
«»
FRIDAY
WEEKLY
■
YEARLY
-
lite italic letters in the column headed "Interest Period" Indicate In each case the month whan the
mature*
RANGE FOR WEEK ENDING APRIL 19
BONDS
Stock
York
New
Exchange
Interest
Period
Thursday Weeks Range
Last
or Thursday's
Sale Price
U. S. Government
Treasury
4%s__..
Treasury
3Vas^
Treasury
Treasury
3VaS
3s
Treasury
3s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2%s
2%s
2%s
2%s
2%s_
2%S
2V2S
2%s
2V2s
2%s
2%s
2%s
2%s
2%s
2V2s
2%s
P VaS
2 Vis
2Vis
1958-1963
1960-1965
1948
.
1949-1953
1950-1952
1952-1954
1956-1958
1962-1967
'S63-1968
June 1964-1969
Dec. 1964-1969
1965-1970
-June
Sept
Dec
2%s
Treasury 2Vis
Treasury
2Vis
Treasury
2 Vis
Treasury
Low
1947-1909
1946-1949
1949-1952
1946-1948
1951-1959
1955-1960
1948-1951
1951-1954
1956-1959
—
2 Vis
June
Dec
Treasury 2%s
Treasury 2%s
Treasury 2s
1966-1971
1967-1972
1967-1972
1967-1972
1951-1953
1952-1955
1954-1956
1956-1959
1959-1962
1959-1962
1947
Treasury 2s
Treasury 2s
Mar 1948-1950
Dec 1948-1950
Treasury
2s
Treasury
2s
2s
-
1949-1951
1949-1951
1949-1951
1950-1952
Sept 1950-1952
1951-1953
Treasury l%s
1951-1955
June 1952-1954
Dec 1952-1954
1953-1958
June 15 1948
Treasury
Treasury
2s
Treasury 2s
Treasury 2s
Treasury
Jun
Sep
Dec
Mar
2s
Treasury
2s
Treasury
2s
2s
Treasury
1950
IVis
Treasury
Bid & Asked
High
A-O
15105 .11
*100. 11
Sold
No.
Range Since
Low
High
100.15
100.13
New
York
100.30
100.25
101
111.18
(Continued)
External $ bonds
No.
17
3%s
Series
No.
3%s
Series
No.
3%s
Series
No.
20
108
100.13
M-S
*110. 17
110.19
111.9
M-S
*114. 28
114.30
115.8
115.26
M-S
*103 23
103.25
J-D
*108 27
108.29
II
109.8
109.22
M-S
J-D
J-D
115. 23
115.23
1
115.23
115.23
3%s
*106, 8
3%s
118.23
3%s
Series
3%s
J-1)
M-S
J-D
J-D
J-D
J-D
M-S
J-D
J-D
J-D
105.24
106.24
118.15
__
65
*65
64%
York
Transit
No.
21
65
65
1
No.
22
64%
65
3
60 Va
65
No.
23
64%
65%
5
60 Vi
65 Vi
Series
No.
24
65
65
6
Series
No.
25
*65
No.
26
65
65
1
Series
No.
27
*65
Series
No.
28
65
65
5
No.
29
*65
65%
107.5
3%s
Series
No.
30
*65
65%
106.25
20
106.14
106.19
104.9
107.27
107.4
Buenos Aires
103
12
107.9
102.22
107.19
a 6s
1957
1958
1950
103
M-S
--
64
65
60%
__
1
103
102 Vi
102
104
95'/a
*96%
3
95%
86%
957/a
106.9
102.11
107.9
External
1977
M-S
94
94
106.9
102.11
107.10
1970
F-A
*94
96
87
1978
A-O
*94
98
88%
1975
M-N
99
99
2
90%
1984
J-J
77
78'%
4
74 %
78%
1860
A-O
111% 111%
31
110%
112%
1961
J-J
3
1948
J-J
f 4Va-4%s
s
105.28
1
101.16
106.15
Refunding s f 4%-4%s
External readj 4%-4%s
el08 .23el08.23
4
108.30
109.15
External
43
101.15
106.16
3%
105 .28
105 .10
105.30
*106 27
105.12
*109 .13
109.15
106 .19
106.25
103 2
27
103.8
*102 1
20
1
(Dora of) 30-yr 4s
25-year 3Vis
2 Vis
Jan
107.14
106.19
100.29
104.16
101.4
104.7
*103 1
102.26
102.30
*103
*103 .3
*103, 12
103. 22
*104
*103 .31
104 .4
*106 .23
__
103.9
II
103.2
103.7
103.22
A6s
103.5
II
103.14
103.22
10
103.27
103.22
A Extl
104.3
104.14
11
104.1
7
104.14
104.29
101.21
101.30
101.31
elOl .18el01.18
5
101.17
102.17
61
124% 125%
120%
A-O
29%
F-A
J-J
Jan
30
30
1969
A-O
22 %
24%
30%
9
21%
30%
25%
28
1
21%
28%
J-D
28
J-D
*18
J-D
1961
A-O
___1901
A-O
*28 %
23%
29
_
1969
M-N
29
J-D
Oct
1901
A-O
84
84
Jan
1901
J-J
84
84
1970
A-O
65%
65%
Colombia Mtge Bank 6%s
1947
A-O
ASinking fund 7s of 1926
ASinking fund 7s of 1927
1946
M-N
1947
F-A
1952
J-D
96%
98 Va
1953
M-N
94 %
95
36%
1928
of
1927
external
f $ bonds
s
Copenhagen (City)
25-year gold 4%s
T eletype
^Members New York Stock Exchange
NY
5s
Rica
(Rep of) 7s
(Republic of) 5s of 1914
Cuba
1-1603
External
27
1
18%
28
28%
1
28%
37
1
81%
84
1
81%
84
26
58%
65%
*52
51%
52%
*52
51%
52
51 %
52%
91
98
2
88%
95
8
35%
39
84
*52
--
1951
M-N
1949
M-S
F-A
*103
—
13
*106
1949
loan
4 Vis
external
4Vis
debt
1977
35%
35%
J-D
108
108%
2
113% 113%
108%
112%
Akershus
AAntloquia
(Dept) coll 7s A
AExternal
AExternal
AExternal
AExternal
AExternal
AExternal
F-A
*79%
A- O
*
1968
1945
4s
J -J
1945
1945
s f 7s series D
1945
s f 7s 1st series
1957
sec s f 7s 2d series—1957
sec s f 7s 3rd series—1957
M-S
79 %
(Rep of) 8s ser A.1951
ASinking fund 8s series B
1952
*85
37%
__
77
79%
External gold
97%
104 Vi
104%
36%
38
38
gold
37%
37%
36 %
37%
SA2d
37%
37%
36 %
37%
*37
40
36 %
37%
5Vis
33
33
30%
33
33
30%
32
30%
32%
2
32 %
109
120
100%
103
101
104%
114% 114%
6
102
102 %
30
F-A
100%
100
100%
33
96 %
100%
1972
Australia (Commonw'lth) 5s of '25.1955
External 5s of 1927
1957
External g 4Vis of IS28
1960
Belgium external 6Vis
1949
A-O
100%
100 % 100%
5
96 Vi
100%
J-J
109 Vi
109
109%
27
8 f extl conv loan 4s Apr
1955
1955
f 6s
f 7s
(U 8 of) external 8s
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal S f 6Vis of 1926
series sink fund
5Vis
series-'
A Estonia
(Republic of) 7s
French Republic 7s stamped
7s unstamped
99
100
104
41
99
90%
102%
1942
M-S
A-O
*101%
A-O
M-S
A-O
*102% 105
A-O
*102% 105
J-J
.
..
*102%
—
*34%
M-S
—
*101%
103
102%
—
50
50
105
*105
J-D
102%
102%
1
102% 102%
—
—
—
M-N
*102% 104%
106%
110
104% 104%
M-S
10
103 Vi
43
101
103%
109
40
107
109
109
14
105
109
102%
M-S
109
109
J-J
109
109
111%
*113
J-D
a 7s
part
paid
A 6s
part
paid
1988
*18
1964
16%
«•«*■»
*100%
A-O
(Republic) 8 f 6s seiies A—1952
Helslngfors (City) ext 6Vis
1960
Irish Free State extl s I 5s
i.S60
A-O
AJugoslavIa (State Mtge Bk) 7s
1957
A-O
1954
1954
J-D
1043
M-N
17%
115
1941
J-D
79
79
64%
1978
1957
J-D
72
a71
72
2
60%
72
A-O
78
78
78
4
62%
78
~6
16%
16
100
*21%
Haiti
AMedellin
Mendoza
(Colombia)
(Prov)
6Vis
4s readjusted
—
—
70 %
70%
71%
58
71%
A-O
78
78
78
4
62%
*96
M-N
—
*103
—
—
—
—
95%
Stamped pursuant to Plan A
(Int reduced to 3.375% )
(Central Ry)
1979
A-O
70%
70 %
4
58
102
J-D
79
79
2
65
J-D
e72
e72
2
59
99%
—
33
—
—
4
99%
a4Vis
stamped
A Assented
A Mexico
70
22
Stamped pursuant to Plan A
—
5% funding bonds of 1931
Stamped pursuant to Plan A
(US)
*70
74
59
__
31%
to
assented
Nov.
5.
1942,
extl 5s of 1899 £
11
agree
1945
1945
11
10
II
Series
No.
3
3%s
Series
No.
Series
No.
66
66
9
61%
67
66
23
61%
21
21%
5
66
5
61
*77%
7..
8
63
*77%
64%
11
65%
65
16
page
—-
2181.
___
64%
*65
65%
65%
65%
27
8
—
80
60%
15'/a
For
17%
16%
ftinarififol Institutions
i>0 !
&(;
<iQ;
FOREIGN SECURITIES
FIRM TRADING MARKETS
f-ABL marks &
CO.
'
63%
63%
60%
65%
FOREIGN SECURITIES SPECIALISTS
64%
61
65%
64%
80
60 Vi
8
70
*65
——
—
79%
77
64%
*66
No.. 15_
see
*16%
agree
80
79 Va
81%
*77%
10
68
78
77%
81%
*77%
9
3%s Series No. 12
3%s Series No. 13
3%& series No... 14
F,or. footnotes
1942,
'
*70%
*%s Series No.
3%s Series No.
3%s Series No.
3%s Series No.
_
5,
66
3%s Series No. 6
No
Nov.
66%
66
4
3%s
to
60%
65%
60 Vi
64%;
50 Broad Si., New York 4,
Telephone HAnovee &-0050
:
11%
——
*21%
67
1
65%
3%s
—
24
99%
66
61%
18
66
66
2
3%s Series
3%s Series
61
66
66
No.
65%
66
No. -1—_—
Series
3%s Series No.
69%
66
3%s Series
s%s
AAssented
.
A-O
104%
30
901
(Int reduced to 3.375% )
1979
Krternal $ bonds of 1944 (Plan B)—
19%
95%
96 Va
79
1978
*32%
J-D
14%
17%
70%
1959
..*15%
78
—
22
102
Mexican Irrigation—
AAssentlng 5s of 1899....
A-O
(Int reduced to 3.5%)-
--
*13%
Q-J
Q-J
20
105%
102% 102%
M-N
Stamped pursuant to Plan A
(Int reduced to 3.375%)
1979
s f 6vis of 1927
...1957
A7s
—
50%
111
Greek Government—
79
AExternal
99
102%
*101%
1961
5%s 2d series
32
97%
99
101
96
2
99
1940
Customs Admin 5Vis 2d series
32
98
101
98%
77
102% 102%
1967
1949
1949
37%
37 %
A-O
A-O
99
1969
J-J
J-J
*31%
F-A.
1940
1926
f 7s series B
A-0
J-J
113
98
2
99%
1969
§ Alst series 5Vis of
f 7s series C
A-O
99%
115
'166%
2
99% 100
99%
1962
4%s
(ADominican Rep Cust Ad 5Vis
1st
99%
1955
s
J-J
A-O
A-O
1942
5%s
s
102
lABrazil
Czechoslovakia
External
114 Vi
s
162
79%
M-N
External
*167%
77
J-D
s
J-D
—
AAntwerp (City) external 5s
1958
Argentine (National Government)—
S f external 4Vis
1948
S f conv loan 4Vis
1971
8 f extl eonv loan 4s Feb
1972
External
*109
1945
5 Vis
IA Denmark 20-year extl 6s
1947
1948
(King of Norway)
J-J
A Public
Foreign Govt. & Municipal
Agricultural Mtge Bank (Colombia)—
1953
112
wks
Va
106
109
Sinking fund 5Vis
A
27
27
28 %
--
(Republic of)—
of
A 6s
A Costa
29
29
22 Va
*23
M-S
M-S
28%
28%
21%
_
21
23%
2
28%
_
*28%
29
23%
_
M-N
1969
28%
28 %
23%
20 Va
,
I960
a 6s
Wertheim & Co.
30%
3
I960
3s
25%
29%
J-D
5s
30
30%
29%
1981
(Hukuang Ry)
30%
21%
29%
—
1957
assented
30 %
21
A-O
M-N
1961
assented
Colombia
Foreign Securities
3
29%
M-N
1963
assented
30%
21%
29%
29%
1969
1963
6s
•30%
21%
24%
M-S
29%
1957
30
30%
24%
1981
A 7s
A
14
29%
*30%
AChllean Cons Munlc 7s
Broadway, New .York
29%
29%
J-J
M-S
assented
a 6s
1961
29%
*30%
Sep 1981
Sep 1961
assented
18
21%
22%
30
*30%
1961
23
30%
21%
29%
21%
24%
8
__
F-A
AChile Mortgage Bank 6%s
A6%s assented
1257/a
A-O
1961
AExternal sinking fund 6s
A 6s assented
106.25
29%
M-N
Jan
f 6s
sinking fund 6s
a 6s
104.26
104.4
63%
22
1961
AExternal sinking fund 6s
104.2
104.16
59%
Feb
assented
A 6s
102 %
63 Vi
Feb
fund 6s
s
114%
101 %
114
M-N
i960
assented
ARy external
111%
114
J-J
i960
sinking
A6s
II
*101 .19
124%
95%
*101% 1017/n
1949
assented
A Extl
103.9
111%
195a
AExternal sinking fund 6s
A 6s
--
1949
f 7s
s
A 7s assented
103.3
*102 28
(City) 8s
(Rep) External
AChlle
101.31
*102 24
15
ACarlsbad
102.3
*101 .29
104.4
Canada
103.26
103 8
103.2
f $ bonds
s
96
100
106.29
*105 10
f 4Vi-43/4S
s
external
AChinese
AGtd sink fund 6s
62%
102%
*106 7
A 6s
AGtd sink fund 6s
64
101
100
3
*102
J-D
1901
65
60%
(Province of)—
stamped
AGuaranteed sink fund 6s
120
F-A
65
62%
61
101 Va 101 Va
M-S
60%
60%
60 Va
Series
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
60%
61
3%s
A Guaranteed sink fund
T ele phone
65
Series
Series
107.15
Unification Issue—
REctor 2-2300
64%
*106 .7
J-D
J-D
M-S
J-D
M-S
M-S
M-S
J-D
65
63
60%
Series
A6%S assented
1980
5
64%
106
City
Corporate Stock
2%
64%
60%
63
16
65%
3%s
ASinking fund 6%s
New
High
60%
65
19
Brisbane
107.4
106 19
18
106
107.2
107.2
107 4
*106 12
January 1
Low
65%
3%s
109.19
*107 1
65
107.15
II
106.20
*109 17
Range Since
3%s
104.4
*106 18
M-S
J-D
J-D
J-D
J-D
J-D
J-D
II
118.6
*106 22
Sold
No.
High
3%s
106.10
*105 22
Bonds
Bid & Asked
(Continued) —
Series
*107. 30
*104 2
Sale Price
Low
3%s
*100. 11
M-S
J-D
M-S
M-S
M-S
J-D
J-D
J-D
J-D
M-S
M-S
Thursday Week's Range
Last
or Thursday's
Brazil
J-D
II
Interest
Exchange
Period
J-D
*118 4
Stock
January 1
105.13
J-D
BONDS
Bonds
N. Y.
Teletype N.Y. 1-971
2178
Monday, April 22, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING APRIL 19
BONDS
York
New
Interest
Exchange
Stock
Period
Thursday Week's Range
Last
or Thursday's
Bid & Asked
Sale Price
Low
Railroad
1948
A-O
100% 102
1948
RR 4%s__1975
1998
A-O
Albany
& Susquehanna
A-O
New
York
Stock
3s- conv
2%s
Exchange
Broadway
New
Telephone—DIgby 4-4933
Bell
York
6
BONDS
York
Stock
Interest
Exchange
Period
Sale Price
Bid & Asked
Low
High
A Assented
iyu4
oi
to
__1954
Nov.
AAssentlng 4s oi
5,
1942,
1910
AAssented
to
1949
Minas Geraeb
Nov.
(State;
ASec external
Bonds
Sold
No.
Range Since
1st
January 1
Low
reduced
1958
Plan
to
to
High
A
reduced
Montevideo
A 6s
New
External
Norway
4s sink
1959
7s
fund
4 Vis
(State of)
reduced
to
(Rep
103
101 %
1033/4
M-3
106
1
103 %
107Y4
104 % 105%
17
103 Vi
104Y4 106%
23
103 %
A-O
F-A
J-D
*1013/8
A-O
M-N
*42
48
M-S
MS
46
29
27'%
46
29
261/4
27'/4
26%
27
1940
1958
A-O
1968
A-O
1950
gold 8s
*19
31%
31%
—
35
J-J
*25
14
*20
2001
—
—
*39
•70%
80
A-O
48
Plan
2012
IO2Y4 IO2Y4
52%
F-A
42
42
Plan
—
A-O
52
3
5
48
1
42
52
52
20
51
1968
7-d
*42
2012
3-D
2
A7s external loan ol
1926
...I960
M-N
*43
Plan
Plan
A
to
2004
1967
2.25%)
(Int
reduced
to
Plan
*IASnn
reduced
Paulo
MS
M-N
1957
96%
*47
*40 S/8
M-N
*38%
J-J
J-J
*63
1950
J-J
68%
Stamped pursuant to Plan A
(Int reduced to 2.5% )
extl water loan
Stamped pursuant
to
1999
..1958
1A Secured
1
s
to
to
*63
61%
A8s
secured
A 7s
series B
extl
37/a-4Vo-4-ft
68%
68%
101 %
45
■
52%
50
40 y2
48
38
45
1
45
44
45
2181.
107Y2
105
40 y4
46%
103Y8 103 Ye
42
IO2Y2
94
J-D
951/4
75
92 Ya
99
98 Vi
—
CO 00 CO
.
991/2
55
97 Ya
103
M-S
93%
933/4
943/8
19
93 Ya
98%
1990
M-S
921/2
92 Ya
931%
59
91%
96%
Feb 11960
F-A
80
77%
8IY2
327
75%
101'A 101 Vi
31
101 Ya
to
1951
M-N
IOIYB
881/4
103
1041%
104
1951
J-J
102 3 4
IO2Y4 103
1951
J-J
104%
103Y8 1043/4
1951
A-O
A-O
ref 4s—
stamped
:
9
*102%
17
98Ya
104Y4
98
105YB
__
132% 132%
130%
133'/a
J-D
*101% 102
1013/a
101 y2
1956
A-O
*101% 102%
102
1023/4
1970
J-J
102%
105 %
.1950
debentures
mtge 2%s
ser
I
M 5s
104 y8
104% 104%
1967
M-S
1955
M-N
*106% 107
106'/a
1063%
1961
series II
A-O
*106 %
106%
1063/4
48
100 Y»
104
69
76%
84%
74%
85
.1960
J-J
AInc ratge 4Vis ser A
July 1970
t A Boston & N Y Air L 1st 4s
1955
M-N
*108
s
1966
1073/4
—
100 % 101 %
100%
M-N
4s
21
81
79%
F-A
81
74%
104
104%
13
1950
F-A
*
1947
M-N
*105
mtge s f 3%s
1969
M-S
*
f debentures
1969
M-S
106 % 106 %
7
M-N
106 % 106 %
45
Niagara El 1st mtge 23As_1975
106%
104
105%
106%
__
105 %
108%
106 5a
1053/e
106'/8
1053/4
105% 106
1073/4
106
107 y8
105%
106 Vi
92%
Buffalo Rochester & Pgh Ry—
of
M-N
92
92
92%
67
853/4
—1934
A-O
57
56 %
58
72
48%
1952
A-O
56
deposit
Consolidated
5s
56%
58
6
54
106
2
104
106
102% 103
13
98
103
106
56%
95 Va
1955
J-J
1960
A-O
1968
A-O
1974
M-N
*107V2
1962
A-O
*
1957
J-J
1243/4 124%
2
1969
J-J
116% 116%
1
1970
J-D
1955
J-J
1233/4
123% 1233/4
3
122 y4
124
.1956
A-O
122%
122% 1223/4
1
121
1233/4
gold 4%s
1951
Canadian Northern Ry deb 6%s
1946
Can Pac Ry 4% deb stk perpetual..
F-A
115%
1153'a 115%
14
98
40
43
Elec
Calif Oregon
Power
37%
41
60
69 3/4
55
61 YJ
60
68%
60
54
61
1
8
24%
25.
17%
20
7
102
104
120
120'
jACentral
-A 5s
\90%
91
25
M-N
96
197
2
J-D
92
92
1978
F-A
*92
94
90
registered
93%
Central Pacific
95Yb
Guaranteed
*85
90
83
83
1st & ref series
25
18
21 Ya
*16%
F-A
M-N
J-J
105%
18
100% 100 %
104% 104%
6
*108%
109 y4
104 %
10
2
119
114%
116%
8
1003/4
1021%
39
108%
121
1
107%
108%
25
105%
105%
102%
100%
103%
.104%
107
101%
105%
108%
91
88
95%
107
90%
96
10
991/8
108
87 y2
19
743/4
74
23%
32%
75
22%
33 %
82
76
84
44%
37
44%
Vi
73 V4
"38
A-O
*io9y8
87%
33%
108
109'/a
J-3
106 Y
106
106 %
17
100%
106 Vi
1987
J-J
47 Y
47
48 V*
35
44%
61%
46
45
46
99
423/4
60 Ya
41%
42
6
393/4
42 Vi
42 »/2
3
44
[
107 vi 107 y»
10
107
1081/4
108 Vi 108%
18
108%
110
105 Vi
23
105
j-j
1074
A-O
F-A
gold
9iy2
33
29
"
J-J
ref gtd gold 4s_1949
1st
*17
__
117%
84%
1987
F-A
__
116%
118
31
29 Y
J-D
...1987
Central N Y Power 3s
A'4s
J-J
102% 102%
125%
1961
registered
93
96
y*
^1968
1987
F-A
*104 %
A-O
4s
1958
*109'/a
;
—
863/4
14
108
88 V'4
106% 106 y2
A-O
1959
*
106%
M-N
1959
1st gtd 4s
87
86
1945
..1945
of N J gen gold 5s
1984
102 %
Nov
Light 3%s
JACent Now Eng
M-N
108
105Y4 105%
Central.1 Illinois
:
M-S
F-A
A General
—
125
122
J-J
*92 Vi
AChalt Div pur money gold 4s__1951
A Mobile Div 1st
gold 5s
1946
-
18%
119% 120
J-D
ARef & gen. 5 Vis series B
A Ref &
gen 5s series C
~1
1
1003/4 100%
119%
A Cent' Branch U P 1st gold 4s_.__1948
JCeDtral of Georgia Ry—
1st mtge 5s
8 AConsol gold 5s__.
!0
M-N
1965
A
23
120
J-D
F-A
109
108
1183/4
*117V2 118 V4
F-A
69
25
!0
108%
107 5/a
A-O
64
;
*10%
103% 103 %
104 3/4
1063/4
122 V8 124 Ya
1965
77
*17%
103 Vi
1
107 Yb 107 Vi
__1981
Corp 3s debs
68 Ya
J-D
__
1949
& Adir 1st gtd gold 4s
Celanese
20 3/4
—
4%s
\ Carolina Clinch & Ohio 4s
21
F-A
108 % 108 Ye
64
54%
gold
; ISACaroIina Central 1st gtd 4s
Certificates of deposit
13
F-A
cons
gtd 5s A
Canadian National gold 4%s_.
Guaranteed gold 5s
Oct
Guaranteed gold 5s.
Guaranteed gold 4%s
133/e
M-N
3%s
Power 3Vis
61%
68%
103
42
16 %
1972
103'/4
J-D
1995
Bush Terminal 1st 4s
46 %
39
16 %
1967
A-O
1995
at lVa%
§ A 1st & coll 5s
*15%
J-D
page
1043/4
104% 105 V 4
to
Stamped
modified
(interest
at
3% to May 1, 1947) due
1957
JBurlington Cedar Rap & Nor—
40
*15%
1946
see
19
104%
101
Buffalo
52
50
J-D
10-year deb 4 Vis stamped
footnotes
105 %
1021%
Gen
45
M-N
J-D
For
38%
104 '/4
A-O
Bklyn Edison cons M 3Vis
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series A
103Ya
M-N
M-S
3Vis
331/4
45
2000
1st
Cart
A-O
1953
mtge
46Y2
5
104% 105
35
104%
15
69%
6
1948
1st
361/2
Guaranteed
.61
1947
Power
35
J-J
J-J
39
70
3
58
■Mams Express coll tr
gold 4s
-Toll trust 4s of 1907
Atabama
423/4
1st gold 4%s series JJ
1st mtge 4s series RR
1978
3Vis
12
debs_
..;
.1958
Southern
46%
46
104Y4
60
68 %
A-O
Railroad and Industrial
Companiea
fAbitibi Power & Paper—
§A5s series A stamped
Great
45 Ya
Beneficial Indus Load 2Vis—
5s
1960
F-A
1974
107'/4
F-A
10534
106 3/8
56
52
' 107Y4
A
(4%'%
to Aug 1 1949)
8 A Central RR' & Banking Co—
5s
I Alabama
J-J
103 Ya
Guaranteed
J-J
1979
_
1948
104
71
~1
bonds of 1937)—
readjustment
1979
A4V2s assented
118 Vi
103
71
60
1964
readjustments
readjustment
(City; external 7s..Z
113
1123/4
1041/4
57
60
I960
conv
1091/4
34
.
85
($
extl
25
117Y2 II8Y4
103
65
—
71
"55
1955
4-4 Vi-4 Vis extl
3 tie extl
Warsaw
—
J-J
1948
conversion
112 Vi 112%
118 Vi
(int at 1%
43
1958
AExternal sink fund 6s
/ External sink
fund 6s
107
112%
J-D
(int at 1% to
80
1962
7s
1041/a
M-S
J-J
Cons
1962
extl
Sydrrv 'Cityi s f 5 Vis
AUn„tUtty (Republic; extl 8s
External
—
2012
A4VaS assented
External
45
1958
sec
of)
3%s-4-4Ya%
--
J-J
7s
external
(Prov
*1041/2 107
M-N
mmm,
1968
ilnt reduced to 3.5% )
,..1978
Croats & Slovenes
(Kingdom)—
ASUesla
43%
—
Plan A
Stamped pursuant to Plan~A~~
Serb;
3
50
2004
2% )
131 y4
California
1
—
1940
Stamped pursuant
reduced
J-J
M-S
Plan A
(Int reduced to
2.25%)
AOs extl dollar loan
(Int
96%
*68
1999
Plan A
2.5%)_!
A8s external
A7s
141
124
125 '/a
1984
due
due
Canada Soutnern
1939
to
--
46 Vi
—
*39
2012
8s
(Int reduced to
131%
124
_2
Bush Term Bldgs 5s gtd
2001
2% )
Stamped pursuant
46%
*39
1952
2.375% )
to
(State)
7-d
1964
Stamped pursuant to Plan A
(Int.
22
—
131
131
Bethlehem Steel Corp—
42
36
49 Vi
A
f
s
Bell
,
42%
—
*39
2004
Santa Fe external sink fund 4s
SASan Paulo
(City) 8s
Stamped piusuant to
23/8s
gen ser D
ACertificates
2.25%)
municipal loan
Stamped pursuant to Plan A
AO'/as extl secured
45
36 Ya
—
A
A78
reduced
*127%
July 1952
4s
Beech Creek Extension 1st 3%s
35%
45
*36
(Int
140 % 141
140%
J-J
4s
24
43
41
*42
_1999
2% )
*o
108
J-D
A
41
—
A
to
to
105%
24
i
1948
(Int reduced to 2.5% )
A6s external sink fund
gold;
reduced
10
Telephone of Pa 5s series C—1960
32%
19Ya
521/4
(State ol>—
1921
Stamped pursuant
1948
.
23
26
—
A
2% )__,
to
104
Bangor & Aroostook RR—
Con
19 Ya
31 Ya
18%
"I
*47
F-A
reduced
96
100
Ry—
S'west Div 1st M(int at 3%%
to Jan 1 1947) due
1950
Tdledo Cin Div ref 4s A
1959
33
42
M-N
1953
6'/2s
Stamped pursuant
A-O
Nov
M-N
Boston & Maine 1st 5s A C
J-J
1952
2001
•
46
42
2006
(Int reduced to 2.375%)
(Int
39
30s/a
A
7Yas
to
106
1995
Pgh L E & W Va System—
Ref gold 4s extended to
303/4
1968
Plan
A-O
Stamped pursuant
cons
4 Vis
Refining
A Conv
42
26Y4
*46
F-A
(Int
42
25
22%
*44
1946
8s extl loan of
106
1995
Sep 1 1946) due
2%s
2.25% )
to
M-S
4
102 %
1963
Ref & gen ser F
—
25
29 Ya
J-J
J-D
dc Janeiro (City of» 8s
Stamped pursuant to Plan A
Rio Grande do Sul
100
91
A
extl 6s
reduced
1st
unified
Sep 1 1946)
102
99%
157
22
1961
A Rio
(Int
102
July 1
4s
Ref & gen ser C xint
to Dec 1 1946) due
1033/8
1
21
22
31 '/a
*19
1963
to
Q-J
July 1
gold
Ref & gen ser A (int at 1%
Dec 1 1946) due
;
1
A-O
...1947
f 7s
pursuant
96
Baltimore & Ohio RR—
107Y4
A-O
6s
1947
sec
107 V4
92%
Jan
~
263/4
(State)
105%
3
1st mtge gold 4s
July 1948
Stamped modified bonds—
•1st mtge gold (int at 4%
to
Oct 1 1946) due
LJuly 1948
107%
—
27
to
50
1964
1st gold 5s
Charlotte Air
Line
&
Ref &
A-O
reduced
106%
86
1966
100
101%
991% 100
—
Stamped
101%
*105%
MS
1959
APrague (City of Greater)
106
96
E
series
"
2008
(Int reduced to 2.375% )
AExternal loan 7V2s
A
—
*1011/4
100
3-D
to
106
1948
*1011/4
MS
1947
99%
104
M-N
3-D
106
1961
Stamped pursuant
A-O
1969
—
101 Ya
A
Alegre (City of) 8s
Stamped pursuant to Plan
>
—
1
1967
APorto
a
--
3
1960
s
105%
t
1013/4 101%
1963
7s
gold
1073/4
103%
104
40
101% 10134
<er
AExternal sink fuud
A4'/2s assented
AExternal
46
101 3/4
1994
A4V2s assented
Queensland
40
39Ya
—
--
101Y4
:>er
of)
107Vi
103 y4
29
Atlantic
F- A
A.1963
ser
2.125% )
Stabilization loan
(Int
40
A-O
1955
A4%s assented
A
—
I 6s 2d
s
103
22
103% 104%
B
*120
f 6s 1st
s
106% 107 %
106% 107%
*125
1963
(Rep ot) external 7 s
ANat loan extl
A Nat Loan
extl
J-D
1970
vet 3 Vis series B____
5 A Poland
43
*41%
M-N
..1965
Stamped pursuant to Plan
Peru
—
1083/4
154
106%
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
1956
4 Vie
(Rep) extl s f 5s
AStamped assented 5s
Stamp mod 3Y4s ext to
A
46
1957
APanama
(Int
*43
107%
143Vi
106%
1st mortgage 33/4s
39%
43
86
103
104
Atl Knox & Nor
Atlanta
1958
fund extl loan
APernambuco
18%
44
154
A-O
139»
15
*
Municipal Bank extl s f 5s
(City; sink fund 4Y2s
sec
M-S
1952
Oslo
Ext
3 Vis
Atlantic Coast.
3
108% 108 34
151
104
Topeka & Santa Fe—
Adjustment
___
44
108 %
151%'
116%
100%
A-O
—
Stamped 4s_
—
44
*41%
2008
5s___
slnx
13%
11%
(State;
(Kingdom of)
External
mtge
General
44
114
(111)—
16
__
*18%
MS
1959
f
s
Co
143/4
__
105
A
2.125% )
t 5s
s
-
12%
lOYa
—
18 '/2
*24%
2008
A
Wales
External
to
(City)
series
Soutn
&
Atchison
A
2.125% )
Stamped pursuant to Plan
(Int
*
•14%
7-3
agree
f 6 Vis.
s
7-3
15
ny4
1023/4
100
F-A
Anglo-Chilean Nitrate deb—_—196r;
Arbor 1st gold 4s
1995
—
Stamped pursuant
(Int
1942,
f 6Y2s
s
ASec external
5,
*12%
*103/4
agree
1933
3s—
General 4s
3-D
agree
AAssented to Nov. 5. 1942,
IA Treasury 6s oi 1913 assent
deb
Ann
Armour
Mexico— (Continued)—
AAssentlng 4s
debentures
3s
Teletype—NY 1-310
Thursday Week's Range
Last
or
Thursday's
M-S
High
100
2
1980
1975
Co
Tobacco
Amer
A
New
Low
12
104
M-S
January 1
.1962
debentures
debentures
23/4
61
104
A-C
Range Since
American
PFLUGFELDER, BAMPTON & RUST
Membert
Foreign Pow deb 5s
2030
Telephone
Telegraph Co.—
debentures—;
1956
&
Sold
No.
*116% 1163'4
Alleghany & West 1st gtd 4s
Am
Bonds
101 % 101%
Albany Perfor Wrap Pap 6s
6s with warrants assented
Reorganization Securities
High
*112
Champion Paper & Fibre deb 3s
Chesapeake & Ohio Ry—
General gold 4%s__
Ref 81 impt mtge 3 Vis D
Ref & impt M 3Vis-series E
Potts Creek Br 1st 4s
R & A Div 1st cons
gold
2d consol gold 4s
1965:
1992
1121/2
*49
stamp (partial redemption)__1942
113
50
48'/2
103Y2
106
J-J
105%
105% 106
M-S
113
493/4
149
144
151%
M-N
105 Ya
105% 106%
3
105
107Y4
F-A
105 Vi
105% 106 V 4
9
104%
107 3i
1946
4s
149
1996
1996
J-J
*100Y4
1989
J-J
*129V8
135
135 Va
1989
J-J
*125 Va
149
10
—
__
—
THE COMMERCIAL & FINANCIAL CHRONICLE
2179
YORK BOND RECORD
RANGE FOR WEEK ENDING APRIL W
BONDS
York
New
Stock
Interest
Last
Period
Sale Price
Thursday's
Bonds
Bid & Asked
Sold
or
Low
Alton RR ref 3s
f A Chicago &
BONDS
Thursday Week's Range
Exchange
1949
A-O
62
61 %
High
York
Stock
Interest
Exchange
Thursday Weeks Range
Last
or Thursday's
Sale Price
Period
Jahuary1
Low
No.
New
Range Since
62%
198
54 y4
Bonds
Sold
Bid & Asked
LOW
High
Range Since
January I
High
Low
No.
High
64%
Chicago Jtiurjingtoii <5j Quincy KK—
General 4s—
1958
J-J
119% 119%
7
116%
119%
A-O
1977
F-A
119% 119%
5
117%
119 %
El Paso .& S W 1st 5s
6a stamped
1955
1st & ref 4>/2s series B_
Il068
A-O
1st & ref
1985
F-A
105 y4
105 % 105%
8
105
106 %
Empire Gas Si.Fuel 3'/2S_.
.1962
J-J
1970
F-A
101%
101% 102 V8
108
101%
103%
2015
J-J
mtge 3 VsS-:
ref mtge 27/8s
1st &
AGen
J-J
1st
M-N
*104%
M-N
{Chicago- Ind
A
ser
A
gen
99
__
88
104 %
96
71
97
29
94
99%
74
85
71
83
1947
J-J
131V*
130V4 131 ',4
2
112
163
96 y2
102
•
inc 4%s series A
98
96%
98
103 v4
cons
mtge 3%s
ser
E.
1964
A-O
mtge. 3y8s
ser
F
1990
J-J
103%
103% 104V4
45
103%
106
mtge 3y8s
ser
G
2000
J-J
103%
103 % 104
20
102%
106
1st
2s
.1953
M-S
1971
M-S
1981
M-N
104%
106'/a
1943
J-J
100
104
cons
Ohio' Div
H
ser
1st
mtge 3y4s_
*104% 105%
106%
106
--
102
>106
131 y4
1947
J-J
125
119
125
18
106
125
J-J
115
116
6
100
116
5s series' A_
1st & gen 6s series
i960
Bfi
M-N
I960'
May
ChicaebTnd & Sou 50-year 4s__
J-J
1950
2iy4
*170y4
J- J
•
2iy4
*25 y4
20%
22 Va
28
26 y8
24
20
30 y2
Firestone Tire
&
tAFlprlda Cent
Rub 3s
deb
& Peninsular 5s
*
107%
—
110
1994
J-J
105%
105% 105%
16
105%
105%
A Jan 1
2019
J-J
99 y4
99 V4 100%
59
99 %
107 %
Jan 1
2044
J-J
86 %
86%
88%
288
86 Va
J-J
95 %
95%
96%
242
93%
J-J
106 y4
106% 106%
25
106 Va
71
104
104
M-S
^.1974
ACertificates of deposit..
Francisco' Sugar coll trust 6s
*81V4
90
84%
98
*70
80
81%
88 »/a
106'/a
107
66%
J-D
1959
1st & ref 5s series A
131
96%
Chicago & North Western Ry—
2nd mtge conv inc 4%s__Jan 1 1999
--
*—
{Florida East Coast 1st 4%s__
A
104 % 105%
*95Va
..Certificates of deposit-
Chic Milw St Paul & Pac RR—
1st
1st
ido%
1st cons
__
71
J-J
J-J
72%
70
74%
-1947
Reading' gold 5s series B
ARefundmg 4s series1 C
A
&
72%
16
101% 101 %
Louisville Ry—
&
ARefundwig 6s
A 1st
74
,127%
*118%
1st colis
*140'
mtge inc (convi
1997
mtge 3%s ser B_:_
1985
Chieagbsi Erie 1st gold 5s
1982
Chicago' Gt West 1st 4s series
AGen inc mtge 4'/2s
Jan 1 2038
Brie Railroad Co—
Gen. jntge
Eastern 111 RR—
Chicago &
117 %
*126%
101%
Gen
mtge 4s ser A
mtge 4'/2s inc
4%S[
conv
inc
ser
B
ser
1st ihtge
3^spr B
1989
{SAChiCago Railways 1st 5S stpd
25% partial redemption..
„1927
{Chicago" Rock Island & Pacific1 Ry—
a General
F-A
*67%
—
70
91
92%
91
4s
67 %
215
91
6534
—
89%
1988
A Certificates
of
J-J
92
1934
A-O
66%
1952
M-S
69%
69%
71
62
66
i960 :
M-N
36%
36%
38
164
28
depbsit
i A Refunding
gold 4s'
i A Secured 4%s series A.
ACohv.gold^Vbs
ChicagoSt L & New Orleans 5s
Gold' 3%S—
Memphis Div 1st gold 4S
1951
J-D
1951
107%
J-D
104 Va
„
__
104%
5
106%
91
92 %
59%
72%
81
39%
105%
107 %
100 %
100
104 %
1st
ref
&
M-23/4-41/4s.
2%-4y4s
1994
J-J
107 y2
J-J
107% 107%
1
106%
107%
99 V2
33
96'%
99%
99
lst mtge 3y0s series F
1963
1st
.1963
J-J
108
J-J
ser
G
Chic & West Indiana
J-J
111% 112
M-S
105 %
AChilds Co deb 5s part paidi
§AEMbentures 5s part pstid.
1943
Cine GAS & Elec 1st mtge 2%S
Cincinnati Union Terminal—
lst
A-O
*6oy8
60 y2
60 y8
*85
M-N'
8
104 y2
108 y4
110%
112%
20
105%
107
56%
„
8
60%
113% 113 y4
1
112
103 y2
121
1993
J-D
*115
—
J-J
St L Div
1st coll tr
Cleveland Elee, Ilium 3s
J-J
92%
109
109
98 y4
97
102
15
93 %
—
—
109%
C 3%s gtd
1;
Seifi6s, D 3%s gtd......
____1948
.1950 "
M-N
*104%
F-A
*106%
116
A-O
1st
s
f 4%svsferies C_
Colorado
4%s
& Southern
93 Va
109 y2
—
108
110'/a
1
Columbia Gas & Elec deb 5s.__
9
106%
12
106
108%
105 '/2
105 y4106
33
105
108 y4
103
103
*106%
llO'e
75%
103 %
20
_
_
--
1
llO'/u 110%
*115
F-A
114
—
74
84%
102%
104%
106%
106%
109%
111'/a
116
116
109% 109%
F-A
*111
J-J
1041/2 104%
A-O
1965
108%
1
13
105%
104%
Consumers
Power
Continental
1st
101% 101%
19
101%
103
101% 102%
11
101%
105
105%
6
106%
..1954
J-J
*__
65'/2
104%
67
J-J
J-J
*__
68
Crucible Steel -3y4s
A-O
2%s__1975
f debs....
I A Cuba, Northern Ry 1st 5yaS
ADeposit receipts
ACuba RR 1st 5s gold
ADeposit. receipts—
A7%S'ser A deposit rets
A 68 ser B deposit rets
s
M-S
101%
J-D
-
-
107% 108%
—
„
22
A
103
134%
7
109
110 3l2
17
106
107%
105% 106%
21
105%
109
105% 106 y4
33
104% -107
109
82
J-J
106%
J-J
103%
id
15
*104%
__
-2015
17%
15
103%
— -
__
106% 106 %
4
103% 103%
14
104%
1051/2
106%
104 Va
102%
103 y2103 y2
1969
A-O
1969
M-N
110%
2
103
104
110'% 110'/a
4
108%
110'/2
H
Hocking Valley Ry 1st 4%s
1999
ISAHousatonio Ry cons gold 5s
1937
Household Fin'ance Corp' 2%s.
.1979
HUdsoii Coal 1st s f 5s series A...1962
Hudson Co Gas 1st gold 5s
1949"
A AdJ
*104%
M-N
__
3d
103% 104
J-J
84
J-D
F-A
..Feb 1957
A-O
6C>
80'
26
112%
113%
73%
80%
37
45
113'A 113'A
73 y4
77%
73%
40'/a
156
39 y2
39 y4
140 Va 150
100[% 104%
100% 104%
152
85
84 V2
y2
M-N
1957
1st 5s A
150
150
J-J
Income 5s
Illinois Bell Telep 2%s series A...1981
Illinois Central RR—
gold 4s_x.^
....1951
gbld 3'/as-..
..1951
1st gold 3%S____
..1951
1st gbld 3s Stealing
l
^1951:
Collateral trust gold 4sl._—__.^1952
Refunding 4s_
1955
Purbhlased lfties 3'/2sl:__*_^...._1952
—
1st
....
Extended
85
J-D
1946
104%
108%
106
1
103
102%
103
104
103 y4
108
102
68
7
107% 108 Va
*
J-J1
96
95
*
J-D
104
105%
1081/2
93%
37
102% 104
96
106%
105 Va
lOO'/a
72
104
105 Va 111%
102 Va
102 Ve
—
103
9
106
106
104
106
105%
106%
105%
105%
100
103%
__
__
1
106% 106 %,
—
101% 102
101
102%
__
*103%
*105%
97
102%
106
7
101% 102
*102%
F-A*
103
__
*105'/a
102
Registered
—
—
,
1st & ref 4%s series C—
1st ref mtge 4s ser D_
Illinois Terminal Ry 4s ser A
46
50
83
86
45
7
44
48%
49%
51
3
49%
53 y4
53
48
53
{International Dreat
81
103 y4
101
141
100
98
*95%
100
105%
96
105 y4105%
104%
105% 105%
J-J
24
2
105%
106%
106
J-J
—
A-O
3^ series F—1961
106%
102
116
"2
106%
107%
24
82%
7
116
116
106% 106%
Northern RR—
1st 6s series A
96
92 V4
98
M-S
1st gold 4s_^
Inland- Steel 1st mtge
100
J-J
Indianapplis Union Ry 3%s ser B-1986
111 & Iowa
103%
J-D
1970v
3
ind
J-D
J-D
:___1963
=1963
+
10
59%
104 Va
~
107%
J-J
50
57%
164
105% 106 Va
M-N'
J-J
83
61j/2
105%
10i'/e
__
*104'/a
J-J
1951
*50%
J-D
49%
106 Va
1951
1951
108%
105%
__
105% 108
108
M-N
Springfield Div 1st gold 3'/2s
Western Lines 1st gold 4s
104%
*66
M-S
A-O
J-J
441/4
1946
*104 Va
F-A4
IH* Cent and Chic St L & If O4Joint 1st ref 5s series; A'_—--—1963,
8
__
—
*104'%
A-O
.1951
50
J-J
J-J
gbld' 3s
Gold 3% s
105 y2
M-N
3s—_______1951
83
*
1952
*
J-J
108%
108
108
J-J
r_1930
tAIndLouisville 1st gtd 4s——1956
*58%
J-D
1943
140%
127%
15
A-O
1975
.
.
1st & ref 3%s series D
Gulf States Utll 3%» series D__
76
75
7
105% 1051/4
103
76
65
67%
66%
J-J
1965
1955
122 Va
136 VB
Feb
1111959
& Ohio 4s series B-
Gen mtge inc 5s series
104%
J-J
Baking 3s debs
B
121%
8
5
*75
—
F-A
_____19B«
mtge
Feb
J-J-
1955
.
ctfs
105%
J-J
St. Louis Div & Term
A-O
...
Debenture ,4s
Debentures
2000
ctfs A_
105%
1950
...
3
A
a
Gulf Mobile
106%
Litchfield DiV 1st gold 3s_.
..1951'
Loliisville Div & Term1 gold 3%8.1953
1958
..1948
debentures
'/a s debentures
VaS debentures
fACohSpl Ry nbn-conv' deb1 4s.
3
ADebenture 4s
Gen
15
106% 106%
J-J'
J-J
106%
lid
Consolidated Edison of New York—
3 %S
—1960
105%
—
121% 122
109
109
Omaha Div 1st gold
13
112%
106 »/8 106 Vb
F-A
1961
J-J
1990
mtge 3'/8s ser O
AGreen Bay & West deb
121%
J-J
N
118
102%
134 y4134 y4
J-J
1977
10
139% 140
J-J
—1970
K
ser
ser
*102%
Collateral trust gold 4s_.__
__1953
Refunding 5s
ia.
..1955
40-yeat 4%s
..—I960
Cairo" Bridgi gold 4s^..
^
__1950
Commonwealth Edison Go—
3y4s
mtge 3y8s
J-D
——
__
104%
104
104
116
—
*119V2
1952
General 4%s series E_
'mtge 3Vas
*118 v2
M-N
—.1973
1st
74
74
A-O
.1977
.1951
j-j
-1934
__
110
106% 107
M-S
1st extl 4s_______1958
Consolidated Qigar Corp
...
89
64
__
116
107% 108
J-J
1961
,1st mtge 3s ; series L_
Conn Ry& L 1st & ref 4yaS_—
Conn River Power s f 3%s A
6s
82%
58
22
86 V4
85
*59'%
*59%
General 4'/as series D
Gen
85%
J-J
106%
115%
108%
M-ti
1980
M-S
Oct 11948
„
116
Ry.'—
Columbus & H y 1st exfcl gold 4S__1948
ColumbUs & SOU Ohio Ell 3y4s__
1970
ColuttbUs & Tol
89 VB
105 y4
A-O
.-1977
(Stamped modified!
100
A-O
A-O
gtd~_—1973
-
95%
98%
106
10
Cleveland & Pittsburgh Rft—
Series
104
106% 106'%
J-D
1969
Certificates of deposit
Goodrich (B F)-Co. 1st :mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
Great Northern Ry Co—
Hudson & Manhattan
tqvo
-
95%
*110%
M-N
.1990
,
95 7'B
J-J
1991
gold 4s
120
*130
J-D
Cln Wab & M Div 1st 4s
—
107%
111%
*106
1977
106%
113%
F-A
1993
60%
107%
F-l
Ref & impt 4%s series E
60%
100
103%
1974
General 5s series B__
56%
88
89%
6
.-.1969
gold 4s
debs.
{AGeorglu & Alp Ry 5s;
Certificates of deposit
{§AGa Caro & Nor 1st ext
'
Cleve cm Chie & St Louis Ry^General
108%
106% 106%
A-0
1975
ihlge gt(f 3%s series E_
nitge 2%s ser G_
inc
Greyhound Corp 3s debs
A-O
1957
105%
107
106
108%
1962
tAChobfeaw Ok'A Gulf coda 5si_^._^i952
1st
108
108
5
108
1953
4s
com
1st & ref 4y4s series D
conv
Gen
Chicago1 Union Station-*-
mtge 27/8s
A4S
General 5s series C
1994
__.
Gas & Elec of Berg Co cons 5s_ —1949
General Realty & Utilities Corp—
General 5y2s series B
Chicago Terre Haute & S'eastern Ry
Income
M-N
98 Va
100%
2
107 % 107%
*100%
J-D
1951
7
439
....
..1956
98
88%
88%
89
A Ad
A-O
48
48
49'A
20J
47
54%
a
--
J-J
J-J
81%
81%
82
24
76%
92
82
82
4
77%
92
a
.1952
justment' 6s series 'A___July l952"
1st 5s series B
u-.-s.—----1956;;
gold 55 series D_.r._i.-_-_^.-1958.
lAIntern'at Hydro El deb 6s_
1944
Znternat Paper 5s series A & B
1947
Ref sink fund 6s seriest A.—---—1955.
Xpt Rys Cent Amer 1st 5s B
,-1972
Int Telep & Teieg deb gold 4y28—-_1952 ;
Debentures 5s
1955
A 1st
Dayton Pr & Lt 1st mtge 2%s
_1975
107
A-O
Dayton -Union Ry 3y4s series B__.iS65
J-D
Deere & Co
A-O
105 Va
Af-N
105
Jf-N
103
2%s debs
1965
Delaware &Hudson 4s 'extended—.1963
*103%
y2
107 y4
16
103
107%
44
104'/2
106'/a
28
104%
107 »/a
,
—
I05y8 105 y2
105 y4106
.
J-J
98
A-O
M-S
28
102
93%
102
99%
103%
105% 108%
"'107%
100
103
102%
102% 103
28
101%
103%
105%
105% 106
35
105
106 »/a
98
102%
*103%
M-N
J-J
172
98%
97%
102
J-J
Va
(
F-A
Delaware,
Lack & West RR Co—
N Y, Lack & Western div
1st' & ref M 5s seFC
;
1973
Income
Morris
Coll
„
&
mtge due—
Essex
99%
57%
57%
5
57%
67%
67
69'/a
51
66
73%
103
103
104
May 12042
4-6s
Pow£r & Light
James Frankl & Clear 1st
Jones
'tr
Delaware
1
57%
68
Af-N-
1993
division
3s__
>noy8
A-0
,1973
109
—
4s—.—-1959v
Laughtin Steel 3%s____^1961
consol 4s~
-
*5s
ARef &
J-J
65 y2
a
—.1978
—1965;
Gen & ref mtge 3'/as series G....1966
26
26
27%
26
26
28
.
6i y2
76
106%
109
106%
109
109
llO'A
20
M-S
*106'/4 107%
109%
107
48%
Euquetha Light 1st M 3V&s
J-J
105%
last Tenn Va & Ga Div 1st 5s_
.1956
gold 5s——1998
74%
1
48%
91
105% 105%
34
48
63%
45%
107
1990
City Fort Scott &'■ Ment I
S A Refunding gtd 4s--.?
75
51%
119%
105%
107
48
104 V*
54
106
M -N
*120
120 %
A-O
107%
*155
157,
ACertificates
of
depOjjfttl-i^-.
81
^
102%
105 V2
106%
83%
29
81
82 Vb
15
107%
104%
—
-•a- *
; *71V4'75%
J-J
*108Va"
.1961
J-J
*111%
.1961
J-J
*105'%
.1997
.1964
A-O
*182
188
A-O
106
106
.1959
Plain
unguaranteed
;
—
Kings County El L & P 6s
Koppers Co 1st mtge 3s
t AKreuger A Toll 5s ctfs.
M-S
5
5
^
—
83%
107%
103%
104%
104%
32
,107%
*120%
J-J
85 ye
80%
105%
122
104
*107
J-J
104%
81
105%
A-O
A-O
KansaS City Terminal Ry 2%s___. .1374 *
.1987.
Kentucky Central gold 4s—
.1961'
Kentucky & ind Terra 4%S-—_
.1961'
Stamped
82%i
*107y4108'
A-O
Kansas City Southern Rjr 1st 3si-_. .1950
1st mtge 4s ser A—:———— .1975
4'/as
82%
122
65'/a
uis:
72
108%
'OO''.
108%
188
188
106
107
.
'j[b.vu.
1C9#
■■
,
aw
-
4%
5%
157
102'/2
—
Kansas
121%
J-J
*107Va
A-O
1936
Kanawha A Mich 1st gtd gold 4ft
—
__
117
—3950
4nto-Lite 2y4s debs
J-D
*102%
.-1970
M-S
*105% 106%
Elfe-x Jvliet & East Ry 3'As
19
*120
M-N
J-J
1961
109'A 109%
__
*5oy8
J-D
A-O
-
61%
*71
Dul Miss & Irbh Range Ry 3%s.
1962
t5ADU Sou Shore & Atl gold 5s.—1937
29%
29 y4
62%
62
J-D
page
15%
14%
106% 106%
J-D
see
79%
80
45
A-O
A-O
...1970
Gehf-feKref 3s, series H—
footnotes
64
451
48
Detroit & Mackinac 1st lien gold- 4s 1995
...1995
ASecond gold 4s
Detroit Term & Tunnel 4%s—_.
1961
For
93
.
impt 5s series B.
1st cons
105 y4
109
67
65V2
F-A
—1955
Detroit/Edison 4s series F
EC El til (NY)
64
*64
J-J
F-A
—
A Assented
103%
103% 103%
K
;
-1936„
gold Ms-.
=1936
{ Denver & Ri<f GrandeWestern RR—
SAConsoi
A General s f
103%
J-J
{Denver & Rio Grande RR—
§Alst
102%
102
J-D
—
—
Lake Sh & Mich Sou gold 3%s
3V2s registered
hViiTi
--
.in
1997
—1997
-1
<a
*115% 117'A
J-D
115
J-D
-
2181.
■?-T-
i-ti
^^
115
110
115%
108
115%
2180
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 22, 1945
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING APRIL
BOND8
New
York
Stock
Exchange
Interest
Last
Period
Sale Price
mtge
F
1978
Deo
73%
73%
1st & ref sink fund 5s
5s stamped
A-O
1954
F-a
F-a
ANon-conv
deb
4s
—
m-n
2003
3y2s
1947
m-S
61%
61%
61%
1954
A-O
62
62
63%
deb
4s
a-o
4s
Lorillard (P) Co deb 5s
3s debentures
76%
115
72%
83
84
85
112
84
ADebenture
93
1957
M-n
47
47
48
78
34%
50%
j-d
71
70%
73
131
70%
81
m-n
110%
111
87%
94
7
88%
95
4s
A
1st & ref 4%s series of 1927
1967
J A Harlem River & Port Chester—
*
1st
4s
1954
JAN Y Ont & West ref 4s„_June 1992
4s
1355
N Y Power &
136%
118%
120 Va
107
107%
Niagara Falls Power 3y2s
Norfolk Southern
Ry Co—
1067/e
107%
1st
107%
AGen
56 Va
51%
52%
__
59%
133
65
50
164
60
54%
69
52
91%
18
73%
83%
23
62%
62%
54%
67
92
....
107Va 107%
13
106%
23
103%
106%
Northern Pacific Ry prior lien 4s__1997
3
105%
107'/a
120
106
103%
—
106%
118%
~8
106
105
120
4s
a-o
2003
a-o
1980
112
2
m-n
*
110%
registered
100%
105
102 %
105
118
119
105 Va
*118%
3s
113%
41
103% 104%
m-s
-1951
112
103%
j-d
86%
86%
3-D
93
92
82
Cum
adjust
20
__
93
a
A
m-s
*100%
m-n
*107% 108%
1979
J-j
ext
a-o
5s
1940
107%
3-3
105%
j-j
103
107
28
110%
113
89%
97
88%
—
105% 105%
17
101%
81 Va
187
76 Va
125
95%
100%
101
76%
——1902
j-j
100 Va
II1962
j-j
III 1978
J-j
RR—
D
A
Jan 1987
100% 101
93
93
a
A
95 Va
a-o
105 Va
105
1975
1st
A
10
89
96 %
12
92%
Pacific Coast
56
104 Va
114%
99%
99% 100
55%
55%
96%
49
57%
93
246
1948
Certificates
51%
M-S
98%
98 y2
99%
353
93
RR 3s
98%
98 y2
99 y4
250
93
103
1949
M-N
41 %
H__IIIl980
40%
43 V4
187
37
A-O
98 %
98y2
99 y4
103
93
103
1981
f-a
98 y2
98%
99
182
93
102%
1991
92»/2
92'/2
1966
*io6ye
_»1951
46%
89
1958
69 y2
70%
8iy2
83
1955
75%
73%
1968
75%
105 A
1973
106 Va
105
*—
1947
103 y4
69 y2
74%
105
81%
£
v
Y
Dock
1st
ser
40
73 V4
1
aa
105 a'a
2
105%
69
104%
104c
104
lftfii
8
99%
Sa?
3
97%
1952
107%
114 y4
5
125 y4
127 y2
118
118
107%
110
106 »/a
108
__
F-a
j-d
j-j
100%
j-j
100%
107%
27
5
107%
108%
101 %
106
104% 105
26
101%
~7
100% 100%
105 Va
100 %
*100% 103%
101
100%
101%
100 Va
101%
104%
107%
1st
1946
j-d
*__
100 Va
100%
1966
j-d
108% 108%
1
108%
1970
j-d
107 % 107 %
3
107%
109%
1971
j-d
108% 108%
1
108%
110%
1974
j-d
109% 109%
14
107%
110%
110% 111%
56
107%
111%
107%
111
gold 5s
1955
109%
j-j
1960
100%
m-n
j-d
Bs.1949
m-s
1952
*109% 110%
106% 107%
31
104%
107%
105
105%
111
111
111
125%
*107
m-s
1960
110%
106%
109%
Conv
inc
m-n
debs
*111
113%
111
113 %
89
Louis—'"*"!
D_^j
1
101% 103
81
101% 101%
96 Va
_1948
101%
101%
104
16
95%
2
96%
94%
95
94%
95%
94 Va
238
99%
311
99%
99
110
110
93%
99
7
*107
96%
96%
107
97%
*87
7
;
—
•
106
—
r>:
91%
-.11
1965
36
—
106
104%
103 %
;196B
__
5s-_Ii948
109%
1949
__
III2000
105% 106
104% 104%..
103 % 104
tp
106
__
""2043
__
1973
__
7973
—
1
.
106
109% 109%
5
117
119% 119 %
94%
95
103
.5l7(
101% .= ,106%
:9tn
104%
104%
Mm
103 Va
104%
12
105%
107
9
109%
107%
1
*115
103
;■
17
114%
109
117
118%
115%
2
32
1
115y4
117
119%
90
96
124%
128%
j-d
135%
135 Va
1952
a-o
107 Va 108%
45
107%
111%
1985
j-j
106% 106%
2
105%
107 %
1947
m-s
105 Va
106%
&
Eastern 4s ext
&
1960
Pekin
Union
A-O
88%
88'A
88 Va
68
68
69
1974
F-a
1980
m-s
D
ser
Electric
ref
and
1st
M
ref
&
ref
2%s
1974
2%s
m-n
137
f 4s
1937
F-A
134%
108 %
10
104 %
108
106 %
4
104 Va
107
105% 106 Va
106
105%
5
106
j-j
1964
141%
131
36
107 % 107 '/a
m-n
m-s
83
105%
106 % 106%
m-n
1962
94
107%
104%
34
*141%
J-D
1963
s
64
*134%
1971
1974
debentures
87
139%
106
104% 105 Va
106%
1967
2%s
104 %
j-j
j-j
6
21
*106
f-a
1977
-1961
133%
*105% 105%
Apr
Ry 5y2s
Marquette Ry 3%s
&
106%
Apr 1990
4s;
104%
106 % 106 %
104
104
18 %
19
105
105 %
2
107
103%
*103% 105
106 %
106 %
26
10
18
104 V2
11
104
105%
106% 106%
j
1
106%
106 %
tf
_
1949
F-A
guaranteed gold
1953
3-D
*116%
guaranteed
1957
m-n
*
1960
F-a
F
4s
4s
cons
J
cons
guaranteed 4s
4%&.—i*.—.^—,1963
guaranteed
4%s„ 1964
1970
18%
17 Va
1975
21
i
I,
*132% 135%
*134
apt
V '
"V
135
a-o
141% 142
104%
127%
134%
126%
*106Va 107
*104
123
138%
134%
18
•
330
133 %
138 Va 138 Va
A-O
142
105%
109
103%
104
13
100%
104%
3
105%
106
--
Coal—
1965
1st
1st 4%s series A
1st mtg<* 4V2s series B
j-j
1950
j-d
1950
j-d
1958
j-d
1959
1st mtge 4%s series C__
Pitts Young St Ash 1st 4s ser A
1st gen 5s series B
1
1st gen 5s series C
I. vst 4%s series D
^Plttston Co 5% Inc debPotomac El Pwr 1st M 3y4s
1st mortgage 3y4s—
t A Providence Securities 4s
t A Providence Terminal 4s_
104
104
*104% 106
101
105%
98% 102 %
103%
102 %
9
102 % 102 %
3
101-
8
a-o
102%
A-O
101%
1946
j-d
*
1962
F-a
*127
1974
104
105% 105%
1960
101%
98%
<•
105 Va
j-d
*127;
1977
j-d
*117%
1964
j-j
;1966
j-j
*105%
1977
F-a
1987
m-n
44
1956
m-s
*112
102%
__
*108
j-j
102'A
98%
105 M 105 Va *
*113
Public Service El ft Gas 3%s_„
1968
1st & ref mtge 3s—
—1972
1st St ref mtge 5s
—2037
1st St; ref mtge 8s——
2037
>
F-a
m-n
122%
123
123
m-n
Consolidation
— —
117%
1975
debentures
Steel
123
j-d
— —
__
123
mtge 3y2s_1964
—
.
-'97% 103%
76
127%
Pitts ft W Va
10
*107% 109 Va
117
2043
I
127% 128
1968
mtge 4y2s
1st mtge 4y«* series B__
106
vn
127%
128%
3%s
107
104%
j-d
107
7
Pitts
,
106
*105% 105%
...
__
stun
106 %
131%
18
Pittsburgh
100
92 MP SWa
89
93%
'•
106 *
98%
114ya
90
fM
106
127
25
Gen mtge 5s series A
Gen mtge 5s series B
Gen mtge 3%s ser E
Pittsb Coke&Chem 1st
-
•
7
12
130% 132
/ Series I cons
99%
109%
'96%
94%
.*90%
40
93%
*~
:
106
130% 131%
137% 137%
Series H
102%
106%
106
106
106
F-a
129% 132 Va
Series
155
93 %
17
106
m-n
1960
Bevies E 3'As gtd gold-,
103
93%
105%
SerDs
104
102,. 103
107%
104
130%
Series G
103
106
2
Pittsburgh Cine Chi ft St Louis—
98
103
IIIII1965
1
94%
94%
55
105 Va 105 Va
--
130
tJAPhilippine Ry 1st
89 y2
106 Va 107 Va
106 Va
m-n
May 11948
A Certificates of
deposit
Phillips Petroleum 2%s debs
86
100
104
7 nci
series B
1
102%
a-o
1st
103
5
97 Va
A-O
A-O
113%
102%
__
j-j
1st
88
%
14
101% 101%
97%
B-_Jl075
E
92
96
1930
■
83
84 %
103
197s
E
"I""*
1975
*103%
111%
1981
3s
87
j-d
1965
Phila Bait & Wash 1st gold 4s—
General 5s series B
;
nry4
87
—
113% 113%
1984
Pere
108%
107 %
1909
22
36
44
1
j-d
Phila
111'/a iny8
1990
2181.
26%
107% 107%
105% 105%
23
General gold 4'As series C
Philadelphia Co coll tr 4y»s-
107% 107%
V2sIIIIIIHi998
page
106%
108%
25%
107%
J-D
Peoria
103%
111%
*106%
1997
Mtge 4s series A
Mtge 4s series B
RiTLack 61 West 4s series
A_
see
102%
106 %
25%
m-s
1977
Peoria
20
*110
•
Harlem gold 3%s
footnotes
112
90%
Peoples Gas L ft C ref 5s
105%
103
*118
3siII„II1998
«——
j-j
1979
A Income
105%
127% 127%
1986
,
For
112
Gen mtge 3 '/as ser F
110
112% 113
1974
193a
_
■
107
General 4J/4s series D
Gen mtge 4'/4s series E
Conv deb 3 'As
106 V2
107%
103
112%
1997
money gold 4s
32
100 % 100%
Philip Morris Ltd deb 3s
A
d
N Y ft
Co
gold 4s_
4s sterl stpd dollar
105%
23
105
II~~2013
^_|'en &
3%s series
wS E* ^ ** ** Pow
Purchase
„
110
82
104% 105 %
Cons sinking fund 4y2s
General 4V2s series A
General 5s series B
106 Va
104 y4
1948
3%s
gold 4s
N Y Edison
3%s series D
105%
a-o
Consol
83%.
104
1943
Allir_i952
ser
1
55
105% 105%
1946
1st mtge 3s
s
f debentures
107 Vav
103
*110
2013
RR 2%s
94%
89
108% 108%
1946
3s
89%
105
104%
Ref
Ref mtge 3%s
85%
Pennsylvania RR—
107
106% 106'/a
1954
"
102%
80
deposit
York Chicago ft st
Ref mtge 3%s
series
110
103
a-o
Pennsylvania Glass Sand 3y2s
—I960
Pennsylvania Power & Light Co.—
106%
53
83
1S5I
New
122%
111% 112
1946
Gtd 4s series E trust ctfs
102%
*103
69%
1955
A
31 a s registered
Mich Cent coll
gold 3
3%s registered
127%
115%
106% 109
m-8
1985
3%s
94
100
2000
C
133%
120
3
Pennsylvania-Central Airlines—
106
—
101% 101%
deposit
"ef & hnot 5s series
o?ent & Hud River
35
94
89
89
132
—
—
71
Pennsylvania Co—
195a
3%s registered
Lake Shore coll
gold
143%
a—1960
ser
Paducah & 111 1st s f
gold 4%s
Panhandle East P L 3s B
Paterson & Passaic G St E cons
103
M-N
NR»fGflai,Ri5,4s series AA--—W98
S6,rles
ft impt
4%s
„
—
125
92 %
a-o
1st & ref mtge 3s ser N
Pacific Tel & Tel 2%s debs
64%
1977
ToSi
of
124
92%
1975
1st & ref M 3s series K
1st & ref M 3s series L
J02%
IIl978
C_—193s
series
143
138%
—
119% 119%
1975
Gas & Electric Co—
1st & ref mtge 3%s series I
1st & ref mtge 3s series J
98%
105%
M-S
ficates of dePositIIIIII_
5%s
135%
—
*131%
1974
Pacific
96
f-a
deposit
of
m-s
1st & ref M 3s series M
4%s series D
Apcrtificates
a
*142
59%
8
84
61
1975
deposit
1st
series
21
106 ya
94 Va
ig«B
B
5s
m-s
65%
143
1964
Oregon-Washington
^New Orleans Te?as
& Mexico
Ry
1st
63%
143
106%
Guaranteed stpd cons 5s
99% 100%
76 Va
100%
4s__III1953
A
103%
65
A-O
105%
Ore Short Line 1st cons
gold 5s
108
19
*__
—
j-d
RR gtd 1st 4s
Jersey P & L 1st mtge 3s
New Orleans
Great Nor 5s A._~
N O & N e 1st
ref ft
imp 4%s____
New Orleans
Term 1st gtd
of
109%
102%
mtge. 2%s
Oklahoma Gas & Electric 2%s
Oregon RR St Nav con gold 4s
102
102
__
__
111 Va 111 Va
__
1990
N J Junction
New
of
108
100%
95
105 Va 105 Va
m-s
tANaugatuck RR 1st gold 4s
Newark Consol Gas
cons Ps
*ANew England RR
gtd 5sA Consol
gtd 4s
series
5
1
lOgdensburg & Lake Champlaln Ry—
*26%
National Dairy Products
2%s debs_197o
National Steel 1st
mtge 3s
1965
5s
109% 109 %
103% 103%
f-a
A 1st guaranteed 4s
Ohio Edison 1st
mtge 3s
Chatt ft st L 4s
series A
Certificates
49
1974
28%
Constr M 4 Vis series B
Mountain States T St T 3V*b.
Mutual Fuel Gag lit
gtd 5i
a
100
32%
mtge 2%s
26%
ext-
1st
43%
97
271
104%
27%
Morrell (John) & Co 3s debs
Morris & Essex 1st
gtd 3yaS
Constr M 5s series A
A
a-o
109 %
1
47%
107%
f-a
mtge 3y2s_1969
series
45%
42
28
16
4s—1938
Moh'k St Malone 1st
gtd gold 4i
3%s series B
Montreal Tramways 5s
5s
100
46%
75
39%
—
71
103%
gold 5 Vis
iANon-cum Inc
A
Certificates
100
m-n
j-j
—
111% 112
101%
1952
England Tel ft Tel 5s
gtd 4V^s series B;
29
104% 105
103 y2
Monongahela Ry
1st
42%
75
75
1951
1st & ref gold 5s
series
ft ref 5s series I
New
*40
*26
111%
*103
C
A 1st
Nash
F-a
F-a
66%
104%
A-O
1st ft ref 5s series A
4s
AConv
104%
—.
j-j
1950
1st St ref 5s series
F__
1st St ref 5s series
G
a
105%
28
70
m-s
108 %
General
A
2
105% 105%
*64
102 y4
87%
21
*65 Va 100
^Missouri Pacific RR Co—
A
105% 105%
j-j
1975
105%
5%s
series
107%
108%
M-N
89 %
j-j
j-j
109
B
5s
90%
88%
107
0108
Prior lien 5s series A
a
86%
89
2047
1st
series
106%
18
a-o
26%
89%
101
88
*102 y2
M-n
M-N
Minn St Paul ft Sault
Ste Marie—
A 1st
mtge 4%s inc ser A__Jan 1971
AGen mtge 4s inc
ser A
Jan 1991
Mo Kansas & Texas
1st 4s
4%s
102%
j-j
2047
/
lien
17
2047
registered
m-n
Jack Lans &
Sag 3yas
1st gold 3'/as
Prior
15%
106% 106%
m-s
124
Jan 2047
1st
Central-
4u-year 4s series
11%
mtge 2%s
(Wise) 1st mtge 3%s
__
M
(Chic)
21 %
2ft
q-j
q-j
q-f
q-a
__1997
Ref & impt 4%s series A
Ref St impt 5s series C
Ref & impt 5s series D__
1st
mtge 2%s.l974
42
12%
—2047
;
Coll
trust 4%s
Northern States Power Co—
Maine Central RR 4%s ser A
1960
1st mtge & coll 4s ser
B
1954
Manati Sugar 4s sink
fund—Feb 11957
AManila RR (Southern
Lines) 4s
1959
23
12
M-S
103% 103%
*119
a-o
2
107
109%
22%
12%
j-j
mtge 5s coriv inc
2014
Norfolk & Western
Ry 1st gold 4S.1996
North Central gen & ref 5s__
1974
Gen & ref 4V2s series A
1974
107
2
22%
j-d
1998
mtge 4%s series A
110% 110%
m-s
1966
105% 105%
107
m-s
„2003
St Louis Div 2d
gold 3s„
Atl Knox St Cine Div
4s
75
73%
Gen lien ry & Id
gold 3s
lst & ref M 3%s series
P
1st & ref M 27/as ser G
78
62%
73%
80
__
J-J
.1966
78
65%
12
133%
107 Va
m-s
A_ZIl969
65%
34
64
84%
23
*118
f-a
__1963
Louisiana ft Ark 1st 5s series
Louisville Gas & EJec 3%s
Louisville ft Nashville RR—-
__
M-S
1951
26
67 Va
62%
j-j
85
M-s
1949
67
65%
62%
A-O
94
89%
91Va
A-O
;-_1949
65%
66
1948
99
56%
m-n
»__1949
65 Va
m-n
j-j
1940
94
65%
a-o
1951
j-j
1956
1956
*118% 119 %
58%
—
75%
{ACollateral trust 6s
93
*51 ~""
77%
65
62
32
1953
61%
4
3V2s
99%
7
*54
1962
Guaranteed ref gold 4s
stamped
Missouri-Kansas-Texas
High
65%
4s
*136 Va
m-n
m-n.
1965
4s
XSAMidland of N J ,1st
Low
98
98
54
2003
Lehigh Valley Terminal Ry ext 5s_195i
series
January 1
66%
deb
Light 1st mtge 2%s_1975
N Y & Putnam 1st cons
gtd 4s
1993
N Y Queens El Lt St Pow
3%s
1965
N Y Steam Corp 1st 3J/2s
1963
$5AN Y Susq & W 1st ref 5s
1937
5 A 2d gold 4%s
1937
IA General gold 5s
1940
A Terminal 1st
gold 5s
1943
J5AN Y West & Bost 1st 4'/2s
1946
55%
__
2003
Lex & Eastern 1st
50-yr 5s gtd
Liggett & Myers Tobacco 5s
Little Miami gen 4s series A
1st
m-s
deb
ANon-conv
—
101%
93%
—
2003
Sew & Drain
Range Since
93%
10-
09^
84
J-J
2003
stamped modified
4%s registered
5s stamped modified
Ref & impt 4 %s
Michigan Cons Gas
1947
deb
A General
registered
tjAMet West Side El
No.
ANon-conv
106%
97%
F-a
1950
4%s
Michigan
Sold
High
95%
99%
*96
98
1954
Lehigh Valley RR—
4s stamped modified
1st
Bonds
Bid & Asked
ADebenture certificates 3%s
AConv deb 6s
MOO
1
__
99%
F-a
1974
Val Harbor Term gtd 5s
Lehigh Valley N Y 4%e ext
104%
—
—
*98
__
1974
stamped.
Leh
Metropolitan Edison
Thursday Week's Range
Last
or Thursday's
Sale Price
Low
76%
*101%
1964
Long Island unified
Period
High
66
5
101% 101%
1964
-
stamped
1st ft ref sink fund 5s
4s
Low
75
*106% 107
—
1954
1st ft ref sink fund 5s
5s
Interest
Exchange
ANon-conv
1970
Lehigh Valley Coal Co—
5s
Stock
ANon-conv
A
ser
York
January 1
No.
High
New
Range Since
Sold
IN Y New Haven & Hartford RR—
income reg
mtge 3%s
Bonds
Bid & Asked
Low
Lehigh Coal & Navigation Co.—
S
ROvng
Range
Thursday's
or
Lautaro Nitrate Co Ltd—
a 1st
19
Week's
Thursday
—
__
99
100% 100%
>
—
102
106
107
113
44
32
113
45%
108
112 Va
108
109
112 Va
m-n
*109
j-j
*
163 Va
160
165
j-d
*245 Va
250
250%
108
110%
'
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4483
163
Volume
2181
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING APRIL ID
BONDS
Interest
Exchange
Stock
York
New
Thursday Week's Range
Last
or Thursday's
Period
Sale Price
Low
2%s deb
Quaker Oats
1964
j-j
BONDS
Bonds
Bid & Asked
Range Since
Sold
High
No.
104Vi 104Vi
New
York
Stock
Low
105 Vi
Tennessee
&
Gas
Copper & Brass 3Vis
hevere
i960
t§ARlo Grande West 1st gold 4s__1939
A 1st cons & coll trust 4s A.
.1949
Rochester Gas & Elec Corp—
Gen mtge 4%s series D
Gen mtge 3%s series H
103%
M-N
103% 104%
*104Va
J-J
107 %
A-O
103 Vi
*
104%
107%
107 Vi 107%
115
77
—
Texas
105%
103
129
__
&
Gen
MS
"125%
1967
M-S
"108
mtge 3%s series I
1967
MS
108% 108%
108%
108%
Gen
mtge 3Vis series J
1969
M-S
"109% 110%
108%
109%
15AR I Ark & Louis 1st 4%s
JARut-Canadian 4s stpd
tfARutland RR 4%s stamped
1934
1949
1941
1985
M-S
66 %
J-J
64%
67%
"19
J-J
21%
18%
21 Vi
109
12
104
104%
21
1033/4
105%
M-N
105% 106 %
9
105%
108
1st gold 3s
2000
—
—
J-D
3%s
1985
J-J
ser
E
1st ref 4s
109
107%
1
142%
152%
59
1033A
106
104%
104% 105'A
*105V4
J-D
105%
A-O
Jan 1960
--
98 Va 101
68
J-D
117
539
513A
68
100
J-D
100
M-S
*109%
1961
M-S
Mo
1971
M-N
1975
A-O
{§ A Union Elev Ry (Chic) 5s
1945
A-O
Union Oil of Calif 3s debs
1967
J-J
1970
J-D
104'%
104% 104%
1947
J-J
103%
100 Va
110
110
103
--
__
103
5
103
103
104%
100
1
1949
1st
Corp
68
103*
*103% 105 %
gold 5s
2"Vis debs
Tri-Continental
101
88%
64 V4
100 Va
Trenton Gas & Elec
24
3
146
146
105
J-J
1960
AAdj income 5s
20 Vi
19%
28
108 Va
A-O
--
135 % 135%
Tol & Ohio Cent ref St impt 3%s__1960
Toronto Ham & Buff 1st gold 4s__1948
74
61
120
20
20%
A-0
iyj>u
den
Js
M
Third Ave Ry
Gen
105
137%
J-J
Tenn RR of New Orl 3%s—1974
Pac
__
104
129%
M-N
2019
Pacific-Missouri—
Texas
1977
ref
High
1968
Company
Texas & Pacific
87 Vi
75
Low
Louis—
debentures
3s
January 1
No.
1963
Bt
&
imp M 4s ser C
Ref & imp 27/8s series D
R
Sold
High
Transmission—
mtge pipe line 3s
Ref
Range Since
Bonds
Thursday's
Bid & Asked
Low
1st
M-N
or
High
104%
10
Last
Sale Price
Period
Terminal RR Assn of
Rending Co 1st & ref 3VaS ser D__1995
Thursday Week's Range
Interest
Exchange
January 1
U
Union
Bt Jos & Grand Island 1st 4s
1947
J-J
Bt Lawr St Adir 1st gold 5s~,
2d gold 6s
1996
J-J
1996
A-0
Bt L Rocky Mt & P 5s
1959
J-J
1950
J-J
stpd
I8t Louis San Francisco Ry
A Prior lien 4s ser A
ACertificates
A Prior
of
96%
of
59 %
63
63
62%
7
62 Vi
47
47%
393
45%
46%
32
46
3
115
8
93
6s
of
of
.1971
1st
mtge
Gen
4s
A
ser
mtge 4Vis
195G
62
114%
333
54 Va
105%
—
57
2
55
61
56%
56%
3
54
60 %
76 %
753%
76%
38
69
80 Va
77%
76%
77%
13
69
81 %
77 %
76%
77%
17
69
81%
57
56%
M-S
,1
i.
M-S
105
100%
87%
101%
1941
20
99%
46
19%
101% 101%
52
101%
Bouth & Nor Ala RR gtd 5s
Southern Bell Tel & Tel Co—
3s debentures
1963
A-0
1979
J-J
112
112%
11
2%s debentures
Southern Pacific Co—
1985
F-A
107% 107%
4
"102
76 Va
"73
73%
14
102
104%
106%
105% 106%
1968
M-S
105%
105 Vi 105 Vi
Gold 4Vis
1969
M-N
105Vi
105V4 105%
107 Va
109 %
104
60
102%
105%
76
102
1053/4
M-N
107 Va 108 Vi
126
1950
A-O
106% 106%
1
1986
J-J
■•99% 100%
1043/4
1093/4
106
106%
103%
100 Vi
J-J
106%
100%
102 Vi
136%
100% 100%
140
140
J-J
1
140
145
St
gen
.1956
A-O
106%
106 % 107
48
104%
&
gen
6s;
.1958
A-O
121 %
121 Va 121%
16
117%
&
gen
6 Vis
-1956
A-O
122
121% 122
13
121%
gold 5s
-1996
J-J
"135% 138 Va
126%
135%
St Louis Div 1st gold 4s
.1951
Southwestern Bell Tel 2%s debs__ -1985
Southwestern Public Service 3Vas_ 1974
J-J
*108%
107%
109%
103
107%
ASpokane Internat 1st gold 4Vis -2013
Stand Oil of Calif 2%s debs
.1966
Apr
Standard Oil N J deb 3s
1961
J-D
Sunray Oil Corp 3% debs
Superior Oil 3Vis debs
1959
J-D
"105%
1956
M-N
*105%
105%
1961
M-N
"104Va 104%
104
106
1st
107%
A-0
&
M-N
lO^i
15
"58
102 V
60
58%
1st 4s
Wisconsin Elec Power 3%s
107 Vi
101%
105%
105%
--
—
--
--
65
—
64%
68/s
__
--
"104%
*103
117'A
---
-
^/a 111/?
106
107%
112%
101% 102
1
67
77
81
107 A 111
104
116 n
101% 102 ft
101 .a 102/a
99% 102%
186
61
100/a 109
100'A 102%
156
102% 102%
89% 90%
85
86
109% 109%
117'A
95
69
3
NOTICE—Cash and deferred delivery sales are
In a footnote in the week in which they occur.
2
106%
*106
-
108
108
110
111
—
110
112
101{J
1950
M-N
101%
1951
1960
J-D
M-S
99'A
1951
2361
2361
1949
M-N
J-J
J-J
M-S
1992
M-S
1970
M-S
A-O
104/4
102/a 104
--
110%
,9?
ino
1958
1960
100'A
—
89%
85 Va
—
194f
—
89
M-N
—
5
103% 104
23
106% 108
7
5
*
1968
1971
—
A-O
J-J
1C4
--
56
4
.
v'107l
90
»52
107
37%
£6
,5;:,,
106% 108Va
<19
fv —
^ 107%
3
,,
1093/4|1093/4
»
83%
^
--
54%
*
104 A 105 4
117% 122%
82
90
89
—
:
89 /4 94 /2
85
91
109% 109 ! a
106% 106%
104
—
J-J
1938
10
104'A 104 Vi
122% 122%
—
104'A
J-J
99% 108
100'A 108 U
,
I10
109
1
Deferred
not
sale
tThe price represented is the dollar quotation per 200-
107%
§Negotiability impaired by maturity.
pound unit of bonds.
Accrued interest payable at Pnnouyoro'hivi aw
the exchange rate
■i-n.MnnHinn
tiAnAwfa/1
Uoivtrv
Knnlri'imfhtr
AND
of $4.8484.
|7 OI
current week.
selling fiat.
EXCHANGE
RECORD
YEARLY
disregarded in the week's range unless they are the only
No account is taken of such sales in computing the range
J
u
rCOXJj&IliZGCl UlldCf S60tl0H
during
A Bonds
NEW YORK CURB
WEEKLY
110 %
"60
no
133
1inl/
106
delivery sale not included In the year's range,
d Ex-interest,
e Odd-lot sale
Included in the year's range,
n Under-the-rule sale not included in the year's range,
r Cash
not included in the year's range,
y Ex-coupon.
"
^
a
67%
105%
101% 102'A
102%
100
13
*103
—
Wisconsin Public Service 3%s
107
"105% 106%
F-A
1Q4% 106%
,0
—
106
Swift & Co 2%s debs
Div
102
99
Co—
|ASu & Du div & term 1st 4s
A Certificates of
deposit
128
Mem
97
93
--
J-J
A-O
May
1966
1952
A—2014
{AWisconsin Central 1st 4s
ACertificates of deposit
123%
Devel
ser
Telegraph
Union
Winston-Salem S B
108%
Devel
series I
Wheeling Steel 3% series C
Wilson & Co 1st mortgage 3s
Co—
1994
1948
Westinghouse El & Mfg 2Vas
West Shore 1st 4s guaranteed
Registered
Wheeling & Lake Erie RR 4s
Gen & ref M 23/4s series A
106%
1981
4s series A
lll3/4
106% 113
--
1073/4 IO8V0
108Va
A-0
F-A
Q-M
F-A
J-D
J-D
30-year 5s
108
„
100 Vi
M-S
..Funding & real estate 4%s
^25-year gold 5s
112%
104
112
29
25
13
,,
bonds
Called
Western
„
M-S
29
*-99Vi
98
99
104% 104%
100 Va 100 Va
__
98
A-O
1955
3%s
Maryland 1st 4s
Facific 4%s inc
Western
107%
1977
111%
111
Apr
Apr
F-A
ref gtd gold 3% s—2000
Petroleum
Western
105
27
"129%
5
_
West Penn Power 3%s
78
104 Vi 104 Va
1st 4Vis (Oregon Lines) A
Gold 4Vis
Devel
108
104 Va 105 %
104 %
130
111% 1113/4
M-N
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s btpd gtd
1950
Gen mtge 3%s
1967
105%
J-J
1986
*119
A-O
1995
Washington Central Ry 1st 4s
104
102
J-J
gold 5s
104
122%
109
*104
J-J
1958
5s
Warren RR 1st
25 Va
105%
1964
E
cons
Warren
90 Va
80
6
58
1965
cons
*06%
122%
—
1053/4 105%
M-S
M-S
inc ser A
Jan 1981
AGen mtge inc 4%s ser B__Jan 1991
1st mtge 3%s ser B
1971
Walworth Co 1st mtge 4s
1955
Ward Baking Co 5%s debs
(subordinated)
1970
101%
105% 106%
Bocony-Vacuum Oil 3s debs
ser
103%
103 Va
*114%
*115
AGen mtge 4s
110
25
87%
20
F-A
2Vis
104%,
Wabash RR Co—
105
107
100 Vi 100 Vi
87%
B_
107 %
105VA
1033/0
17
103% 1033/4
103%
FA
-
J-J
Southern Ry 1st
M-S
W
61%
125
*103
1st 4s
104%
107 Va
104
M-N
s
Virginian Ry 3s ser B
129%
51
J-J
1st mtge
1959
3%s debs
122
118
1961
RR
103%
20
132 3/e
121
...
1933
2%s debs
Pacific
10
107% 107%
1957
1st
106 Va
7
1954
series
102
132%
__
2%s sinking fund debentures
f§ASilesian-Am Corp coll tr 7s
Skelly Oil 2%s debs
3%s
91
86
35
106
Gold 4Vis
San Fran Term
103% 103 Vi
F- A
A-O
1958
63 Va
63
56%
F-A
Southern
1976
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5S-.1949
Va & Southwest 1st gtd 5s
2003
114%
56%
M-N
Oil
97%
1
—
125
56%
1935
Union
17
A-0
A-0
Beagram (Joseph E) & Sons 3%s_1965
Shell
102%
f 4s series B
Cons
98%
Co—
ctfs
34
103%, 104 Va
105%
25
52%
35
*132
,
.
1948
A
107
34
*103% 104 %
1955
debentures
Universal Pictures
120
91
60%
—
A wi
6s
land grant 4s
&
2Vis
United Biscuit 3%s debs
78%
61%
102
"106'/a
M-N
wi
ser
tASeahoard All Fla
90
101
A-0
1989
98%
114% 114%
F-A
A
RR
59
120
98%
91
102
1959
Line
98 Vi
J-J
dep (Guaranty Trust)
dep (Chemical Bank)
Air
64
120
J-D
1941
(§AAtl & Birm 1st gtd 4s
ACertificates of deposit
Seaboard
J-J
J-J
deposit
series
120
1990
ACtfs of dep (N Y Trust)
ACtfs of dep (Chemical Bank)
cons
M-N
1952
gold 4s_1968
i A Refunding 4s
112%
104
__
34%
*—
Vandalla RR cons g 4s series A
{Seaboard Air Line Ry—
§ A\ls gold stamped
109%
109% 1093/4
"106%
52 V8
46%
3%s
2%s
77%
47
Nov 1989
cons
1st
73
J-J
of
tr
Union Pacifio RR—
73%
56%
M-S
1981
St Paul Union Depot 3Ve8 B
Scioto V & N E 1st gtd 4s.
ACtfs
56%
1
46%
*§ASt P & K C Sh L gtd 4%s
ACtfs
412
58%
62%
IA 1st term & unifying 5s:
AGen & ref gold 5s series A
A 1st
101 Vi
60%
coll
&
M
2%s debentures
100 %
99 Vi
1978
2d 4s inc bond ctfs_
of
97%
1950
,
{St Louisa-Southwestern Ry—
1st 4s bond certificates;
A Certificate
98
58%
deposit
1st
95
96%
—
101 Vi 101%
ACertificates of deposit stpd
St Paul St Dtiluth
96%
102 %
58%
A Cons M 4 Vis series A
A
102
__
"iooy8
deposit.
lien 5s series B_:
A Certificates
"101%
Co
Electric
1st
weekly range are shown
transactions of the week, and when selling outside the regular
for the year.
complete record of the transactions on the New York Curb Exchange for the week beginning on Saturqav
April 13 and ending the present Thursday, April 18. (Friday, April 19, being Good Friday and a holiday on the Exchange.
It is compiled from the daily
reports of the Curb Exchange itself, and is intended to include every security, whether stock or bond, in which any dealings have occurred during the cur¬
In the following extensive list we furnish a
rent year.
RANGE FOR WEEK
Thursday
York
Curb
Exchange
Week's
Range
for Week
of Prices
Shares
Sale Price
Low
Par
ACF-Brill Motors warrants
Acme
A
D
V.'ire Co
F
Aero
Co
Cl&ss
8%
"class~A—IIII—I.
B
..10
25 %
...5
common..
Supply Mfg
9%
5%
21
1
500
27
1
'6%
6%
20%
17 %
21
...1
19
183/4
5%
5%
5%
Convertible preferred
Aireon Mfg Corp
14 Va
12 %
14%
„10
19
16%
19
53/8
Jan
133/a
Jan
21
2,300
5 3/8
11,300
163/4
Jan
15
23% Mar
Jan
73/4, Feb
..10
.50c
Jan
Apr
Jan
19 Va
A Ins
worth Mfg common
'60c
convertible preferred
Air-Way Electric Appliance
ai
uaraa
Southern
Alabama Power Co $7
preferred
$6 preferred.
j
Alios & Fisher
common
a'l
A bed Lnt>1 Investing
3
8 %
8
8 Va
;
.
500
300
see page 2186.
5%
21
Apr
Feb
23%
Feb
tluminunj Industries common
luminium
| 6%
U% Mar
>17%
Jan
1.4% Mar
22%
Jan
400
7% Mar
93/a
Jan
Ltd
common
«
23 V4
_•
199 V2
--
1
American Book Co
?—_—-—..100
American Central Mfg
—
1
American Cities Power St Light—
Class
128
Apr
40
115
Apr
119 V4
Feb
Class B
105
20
105
Apr
1093/4
Jan
American
12% Mar
14%
Jan
American
& Foreign
48
Jan
American
Fork
■62% Mar.
American
Gas
40
48
..10
15
15
50
Feb
Jan
13% Mar
-
?15
Mar
199%
v
4% %
3,100
Mar
Jan
Apr
Feb
25%
..
Feb
26
Jan
115;% .Jan A
110
SVGrr.
199%
112% Mar
Feb
it.
Apr
&
Hoe
preferred
4%
100
Jan
Mar
5%
HJ.
76!
Feb
74'-
VP1Q
57*
18 %
18%
mo
16%
53%
d6«!
31-50
50%
Jans.
55
Apr
50%
250
47%
Jan
51%
Jan
Feb
.
b-
322V4
Apr
Jan
Hi" :t
-she?
■
10
^.100
48
■
v
—
10%
4,600
7%
Jan
10%
Apr
60
61 %
3,900
47%
Jan
61 Va
3
3%
9,200
1%
Jan
5%
Apr
Jan
24
common
& Electric
4%
50
lO'A
110
115%
105
100
187
Apr
23
4,650
23)/a
53%
60
3%
A
A
130
115
13 Va
23%
121
74
18 V4-
•-
Cyanaraid Co common
10
Power warrants—
class
128
13 Va
High
82%
Jan
113
21
113% 114/4
4%
25
25
1
Convertible
Low
63 Va
5,500
<wn
115%
Jan
82%
•
American Beverage common
,
Range Since January 1
HUth
■
130
1333/4
77 3 4
--
100
preferred
105
..50
82 Va
114
—*
6%
Feb
53/4
-
19,000
2,200
$3 conv pfd.
Products (Mich)
Aitorfer Bros Co common
,^°r footnotes
...a
6%
30 %
Low
100
preferred
Aluminum Goods Mfg
Apr
Shares
*
Aluminum Co common
25 %
700
22
___8
Feb
400
6%
Air Associates Inc
(NJ)
Air Investors common
11%
30
for Week
Par
High
83A Mar
Sales
Range
of Prices
York Curb Exchange
Range Since January 1
Low
Week's
La&t
Sale Price
New
High
9%
Thursday
STOCKS—
Sales
Last
STOCKS
New
'
ENDING APRIL 19
24%
.750
21% Mar
26%
Jar
48
483/4
2,600
49%
Apr
111% 111%
150
9%
x40%
.
Feb
110% Jan
113
Jan
2182
THE COMMERCIAL &
FINANCIAL CHRONICLE
NEW YORK CURB
STOCKS—
New
York
Curb
Thursday
Exchange
Week's
„
Range
for Week
of Prices
Shares
Par
Maracaibo
15%
16%
900
49%
49%
50
100
32%
32%
34
700
44 y4
45%
25
28%
28 y4
28%
25
29>/4
28 y4
29 y4
"25
*
70
American
Seal-Kap common
Amer Superpower
Corp comZZZZZ
$6
preferred
American Thread 5%
American
preferred
""ZZfl
Paper commonZZZZ*
Writing
Anchor Post Products Inc
Angerman Co Inc common.
preferred.
Ashland^Oil © Refining~CoZ~"."Z
Associated Tel & Tel
class A
Atlanta Blrm ft Coast
RR Co
Atlantic Coast
Fisheries.——
45%
47%
425
44%
Jan
Feb
42%
Apr
Apr
56
Jan
44%
Apr
8,100
21
20%
21
10 y4
10 y4
2%
42
8%
Jan
11%
Apr
2%
27,500
2 %
Jan
3%
Jan
50
119%
Jan
Feb
7
11%
1,500
7 y4
1,600
6%
J an
7%
Feb
$6
11%
3,900
9
Jan
12%
Feb
60c preferred B
$6 preferred BB
10%
ny4
uy4
15%
15%
43
9%
100
65
Jan
Apr
15%
Jan
13%
Feb
17%
Jan
19%
Jan
5%
5%
44
43%
5%
45
114% ii5y4
6%
500
35
Mar
130
112
Jan
115% Jan
14% Jan
13%
4,300
10%
7%
6,100
5%
Feb
7%
Apr
7%
16,300
5%
Feb
8%
Apr
10%
2,100
12%
Apr
10%
10%
114
114
20
Feb
10% Mar
112%
21%
22
1,600
21
Apr
27%
12%
12 y4
12%
3,800
10%
Mar
13%
~2Va
~2%
~2%
10 y4
10 y4
10%
13 y2
12'/2
13%
84%
84%
50
pfd~~loo
w
..r~
J
—--IZZZI
1
a
6%
preferred
Ayrshire Collieries Corn
%
j1.
preference
"
""
\
50
9%
Apr
11%
Jan
\
_
Feb
16%
2,5°
78
Mar
91
Jan
33%
14'/2
13%
9V4
8%
9%
1,000
20>/>
18%
20%
1,400
28
26%
28
95,000
8
35
4,500
14%
1,300
400
Jan
13%
Apr
24
Jan
35%
Apr
13
Apr
18%
Jan
8% Mar
17
10%
Jan
22%
Feb
Jan
25 %
Feb
28
Apr
26%
Jan
37%
Feb
¥
U
v
CAICUUCU
UO
11
*
4'
preferred'series C
Consolidated Gas Utilities
Feb
x54%
Apr
42%
Feb
17%
18%
700
15%
Jan
20
Jan
Jan
12
Mar
8%
Jan
15
Feb
10
9%
13,900
•
Steel
Textile
200
19%
Feb
21%
Jan
Coro
10
800
8%
Jan
12
Feb
Cor; '/oh
18 %
19
17%
30
29
30%
7%
50
-
Borne Scrymser Co
"""
Inc
7%
Jan
12%
1,800
39%
Jan
48
101
100
510
97
Jan
%
"""
ft
Reynolds
77,600
9,900
3%
Jan
9
450
17%
Jan
27%
Apr
150
26%
27
3%
3%
200
20%
500
87%
88%
1,200
117
117%
40
115%
Jan
118%
Jan
109
109
20
108%
Jan
112
Feb
3,200
9%
Jan
12%
700
71%
Jan
83%
Feb
Jan
39
Apr
88%
117
47
Feb
9%
Jan
12%
Feb
Jan
33
Feb
110%
Jan
37%
550
Mar
37%
13%
9,600
11%
Apr
14%
1%
2%
9,000
1%
Jan
314
62%
62%
63%
ZZi
400
6%
6%
6%
_Z
^Z—1
2,000
109%
Apr
Feb
Creole Petroleum
Apr
Crhii
Jan
Z
Crowley Milner
Co__._
"""""
1
Crown Cent Petrol
(Md)__—ZZZZ—8
20 ya
6
56%
150
3,300
12,700
750
Jan
40%
6
Jan
Jan
19%
Jan
21%
Feb
12
Apr
16%
Feb
30
Jan
23%
5%
Feb
48% Jan
29% Feb
Jan
6%
Jan
55
Feb
56%
common
-.8
:
•
International A.:
Crown Drug Co-common.,;
7% convertible preferred"
25%
Jan
39%
Jan
Cuban' Atlantic
Sugar..
45
Feb
65
Apr
Cuban
common-—
52
52
-ZZZi
25%
28%
5%
30
25
__
53%
29
25
29
5%
5%
70
39
Jan
65
21
Mar
31 %
"
22% Mar
27%
500
21%
Jan
31%
4%
Jan
5%
24
ord reg.
5,400
100
—£1
—£1
-10s
6%
6%
6%
4
B°IUmbla P0Wer cla8a AZ
4
i
11%
__
common
10%
11%
30
30
59
58"%
60%
Feb
7% Mar
12
Apr
22
Mar
Feb
34
1
10%
23%
Apr
25
Jan
Apr
21% Apr
Apr
24%
5%
Apr
Jan
100
700
9%
7%
27%
3% Mar
100'
2,000
4,466
10%
10%
44
(EL) Co common.
Jan
Jan
Apr
4% Jan
Jan
12
Feb
44
14%
14%
1,200
20%
24,600
206
28
Apr
33
44
Jan
68% Jab
Jan
102%f Feb
Jan
12% Jan
8%
41
,
Jan
~
ZI—2.50
14%
24%
Mar
45
Jan
16% Mar
ZZZZ"
19
Apt
13
Mar
Zialie
2%
24%
2%
9%
9%
10
—250
4,800
8%
15%
13%
15%
5,000
15% Jan
24% Apr
7% Mar
2%
~'
ZZ..Z
Jan
10%
Apr
11
Jan
33%
Jan
6,400
11,600
8,700
13
Jan
21%
Apr
18%
9,400
14%
Feb
18%
Apr
9%
Jan
8%
13,600
20%
300
8%
7,100
30
100
commnn'
•
-
(Mo)
Voting trust certificates.
—500
Cables © Wireless—
American dep rets 5%
pfd"^
Calambo Sugar Estate
36,000
18% Mar
2% Mar
6%
3,700
4%
5
4%.
5%
10,500
4
Feb
Feb
12%
Jari
16 %
Apr
10
Corn
—i
13%
13
13%
1,900
10
K
10%
800
—.*?
"""
-looMi
«m5KT
Davenport Hosiery Mills
Dayton Rubber Mfg new
4
Apr
52
Apr
33%
33%
34%
9,000
•
28
28
28
50
10
10
50
16%
17
200
17
Is
Class B
Dej ay Stores
common
ZZ!
^
8%
debenture^
5
Jan
Feb
10% Jan
9
11% Mar
13% Jan
t
Mar
11%
25
i
—
Feb 1 jiuf 17%
esf
Detroit
"
18%
180
,,
Products—
Castle (A
M> © Co__Z._ZZ
Catalin Corp of
America.,
•
"" -Z10
pfdZZZ
2186.
—1
-100
13%
Feb
Feb
16%
Feb
20
Distillers
Am
Co
50
Jan
68%
Apr
21
Feb
33
Apr
Jan
38V4 Mar
19
15%
18%
156% 181
12%
171
13%
2,100
18,000
660
10
19%
Ja'n
Jan
19
140
Jan
187
Apr
145
Feb
177
Apr
y4 Apr
13%
Apr
Apr
11
Feb
233/i
Jan
26
Jan
21%
6%
5%
14,300
43/4
Jan
71/4
12%
11%
6%
12%
*
37
38
700
±%
48
47%
483/4
370
37
24%
Ltd—
dep rets ord reg.
Corp new common
-
—
3,400
—
10,000
24 3/4
2,100
Jan
31% Mar
38 %
Apr
Jan
50%
8%
Jan
Feb
24 y2
Feb
27 %
Apr
3,800
22%
Apr
f
'
27%
20%
6%
22%
6%
13,500
15%
16%
27,100
5%
Jan
8%
Feb
Jan
41 %
Jan
11% Mar
16%
Apr
40
16%
Apr
17% Mar
25%
22
Dominion Steel ft Coal B—..
Dominion' Tar & Cheirf Co Ltd-.
25 %
20% Mar
27%
1
6%
173/s
Apr
12% Mar
2,500
1
Dobeckmun Co common.:
IA)»ttestic Industries claSs ft cwRLi.
Dominion Bridge Co Ltdx;
.
Feb
Apr
22%
£1
„
Apr
12%
113/4 Mar
23
Apr
13
13%
20 3/4
-10
Divco
150
1,800
50
—
7%
preferred^—
Diana Stores Corp!
.
68%
21%
Detroit Steel Products
De Vilbiss Co common—
83%
Jah'
87 y2 Mar
96
Apr
91%
93
525
83
Mar
.Id
58
58
50
54
Mar
65
Feb
_•
Duke Power Co
108
108
75
98%
Jan
108
Apr
Dunlop1 Rubber Co. Ltd—
Am dep rets ord
reg
Durham Hosiery class B
cornmbn.
9% Mar.
16
Duro Test Corp common.
Duval Texas' Sulphur.
8%
15%=
Feb
lOl'a Mar
24% Mar
8%
600
6%
Jan
10%
15%
800
14%
Jan
16 V*
7%
5,200
99% 101 %
625
8%
15
Feb
Feb
Jan
Jan
.i_
Apr
'34 ti■
15% Feb
2t'jan
100
3%
13%
3%
lb% fan
East'Gas ft Fuel Assoc
4%% prior preferred
6%
preferred
e?it;
6,000
Jan <:)•
3% Mar
4%;jan
Eastern Malleable Iron
30
Jan
35 >4;.Jan
32%
•
8% Jan
31%
—
-20
Detroit' Mich Stove Co common;..
200
Feb
34
20
Jan
Eastern States Corp
$7 preferred series A
$6'preferred series B
34
150
27%
200
63%
68
390
14%
14%
100
22%
11% Mar
20
22%
1,100
49
17% Mar
46
51
17 %
17
17%
52%
117
.—J
Feb
Jan
21%
-.1." _1
—1
1
13%
67
36%
38%
25
—1
.^
16
3%
Jan
Jan
Mar
30%
67
171
13%
Gray Iron Foundry
15%
33%
Jan
Jan
31
163/4
.
100
—
Derby Oil & Ref Corp
Detroit Gasket ft
Mtg
6% preferred
——
50c
Dennlson* Mfg class A
comihon—i— —8
•6 prior preferred
-50
13%
•'
~
CascO
Apr
'■
~—
page
5%
27%
■
5%
58
36%
Z" ,50o
com
,.38
13%
'
Carnation Co, common
Carolina P & l $5
pfd
Carter (J W) Co
com.
see
3% Mar
15
"II
32%
210
68
Class A convertible
15%
Class
B non voting
Canadian
Marconl___ZZZZ
Capital city Products.
Carman ft Co class A
footnotes
Apr
24% Jan
»•
.
-
Central Maine POVrer 7%
6%
8%
common
-
Feb
Jan
1
Insurance._ZZ~"
voting-.
4%
fl
CalifOttsja:' Electric PowerZZZZZ
Tungsten
For
5%
8%
Mar
400
■
Jan
Apr
Jan
29
6%
Feb
20%
Jan
4%
-b"sn
■
5%
7% Mar
18%
55%
Dominiob Textild Co isa
—We
2% Mar
8
I
Draper Corp.
Driver Harris Co
common.
24% Mar
Jan
D
Feb
100
«
43
4
Feb
31
25 %
30
Z_t
ZZZ
2,800
—•
Brown'Pencr&'wirrcommon
Class A
Feb
52
Feb
Feb
21
24
Jan
~4%
■..
Apr
6%
4%
37%
100
.
Jan
2,200
6,000
21
24
12
ZZ
110
Jan
Feb
Jan
Apr
33
11
Lighting' Inc
100
7%
325
10,400
55%
Jan
200
20% Feb
11%
Curtis
Curtis Mfg Co
5% Mar
Feb
Apr
3%
8V8
30
67%
Apr
32%
8%
8%
Jan
ZZ10
300
...28
8%
—28
preferred—;
400
Jan
16
120
31
Jan
21%
3
18%
18%
Crystal Oil Refining common...
36%
150
31
20%
.250
•
Tobacco
10%
20
,
$6
40
3%
'
Crown ;Cork
61%
Mar
32%
_1
■
6ye
37%
10%
-
Jan
135
5%
37%
American dep receipts (ord reg)_ £1
143%
40
107% 110
6
" -50
convertible preferred
Courtaufds Ltd—
26
Jan
111% Mar
11%
9%
4% Mar
Jan
34
36%
31%
37%
6%
Apr
2%
Jan
23,200
%
13 %
Jan
5%
Jan
25%
6%
5%
91
37%
preferred A
Brewing Co
Crosley Motors Inc
Feb
1,700
21%
34%
Jan
82
8,706
500
184
Apr
24%
29%
1,900
Apr
46
Feb
12%
7%
Jan
Jan
Jan
16%
28%
31%
27%
5
44%
•
.5'
Petroleum
3% Mar
Feb
11%
7%
31
dep rects oW bearer
dep rets ord ree—
British Celanese Ltd—
«%«?»
Class A
Apr
29
28%
Cosden
60
coramohZZ" "
preferred
% Jan
42
12%
Apr
$6
Feb
Jan
Am
6%ft
32
37% Mar
4
31%
Apr
142
.4
Canada? Bread
Co, Ltd—
Canada Cement Co
Ltd
Jan
A
42
4
50
^,-y
60
Amwjcan oil co"~
Fire
Apr
;•
142
.—1
~Co
Am
Camden
Feb
101
5%
41
•
;
1
165
_•
Aeronautical
CalHte
Jan
5,100
44
8%
41%
19%
" lOo
"•
Lgt~&~_Pwr
Products
Jan
22
Corp!—
Co.,
ZZlOO
A
Jan
1,600
Apr
B°habfc (H C) Co
commoiL.IZZ—~
7% 1st preferred
X
Apr
6%
43
2,200
22
36%
Line,
ZZZZ
»u«xvttu
Sullivan.
17%
Mar
Apr
4%
7,500
56%
»
4%
26
39
30
36 y2
common
8%
14% Mar
7,100
4,100
4%
17%
56 y,
Cofp..X
1,450
5%
37%
21
1
Burma Corp Am
dep rets
Burry Biscuit
Butler (p H)
17%
28 %
4%
125
27%
w
Apr
37%
Jan
5%
'ill ft
Mar
12
82%
Feb
26%
"|
comm°n—~~1
Bruck Silk Mills
Ltd
Apr
38
Jan
81%
Jan
5%
Bunker
105
Apr
7%
81%
14
26%
Bruce
Jan
32%
11
17
•
common—:.—^.
preferred
Brown Porman
Distillers
$5 prior
preferred
Brown Rubber Co
60
1,200
10%
100
""»■
common...
Jan
2,600
5%
26%
Continental Fdy & Machine Co!
1
Continental Gas & Electric1 C6-~
,7%
pidor preferred
—100
21%
250
Class
16%
%
Mar
12
26
42
20
49
35%
9%
101
Feb
Feb
Mar
1
Copper. Range "6
Cornucopia Gold Mineis...^
11%
1,300
f mer dep rets
75
102
33
8%
Cook Paint & Varnish Co..
13%
_
17%
38
9
ZlO
Oil—,
Apr
20%
British"
Jan
6% Mar
11
Stores..
Royalty
39%
42
BrillO Mfg Co
Class
A
Apr
32
42%
Mining ft Smelt Ltd.—_8
41%
13
Co..
13
Mar
5%
l
100
41
Oil
Jan
26%
150
100
2,300
10%
41
Gas Light
11
250
600
Co..—„_Zl
54
21
l&t® * M"» c° ^--1
Bridgeport
Bridgeport
300
18%
16%
Consol G E L P Bait
commotii......
*
4%' series B preferred!...
.100
Retail
Apr
50,400
"•
Consolidated
Consolidated
Consolidated
Consolidated'
Jan
Jan
20%
8%
"*
$3 preferred ;
Consolidated Biscuit
41%
5%
Brewster
Feb
14%
145
14% Mar
47%
28
1
T
Conn Gas & Coke Secur
common
10%
17%
,L
Apr
155
Feb
Jan
17%
warrants^.
1MB:..:.
51%
Inn
common.ZZZ"
'
Feu
13%
140
Feb
36%
12%
4%
41%
1
preferred
Inp.
1*0
47%
Jan
34 V*
«
Bellanca Aircraft
common
Bell Tel'of Canada
Benson ft Hedges
Breeze Corp
13,500
Feb
Jan
Apr
28 %
100
Community Public Service!..
I
25
Pnmmtiniftr t"
12%
1,3%
5'-
""i-n"'1""'"'
Brazihah Traction
20%
4
180
6%
12
100
125
BourfeM
110
17%
Jan
Jan
26%
Feb
Apr
12%
34%
•
3,200
11 Ve
17%
2* ?iffe
300
—
Refractories Inc
Baumann (L) comraon__ZZ
Convertible
1,000
14%
Apr
2%
150
17%
ordinary..ZZ_
Commonwealth
.
conve*tible A common—
HhOB
350
144
18%
14%
10,700
Feb
22%
177%
Jan
47%
ZI60
ZZZ 1
;
ft Southern
675
2%
20% Mar
142
27%
—
s'
15%
154 %
12%
Development
150
14%
1%
Colon
22
100
1,100
153
19%
Neon
Inc
16% Mar
19V8
18,500
_Z
Co
Jan
180
142
*
.....
Feb
29
36%
14%
10
Controller
Consol
-
""
10%
Jan
34
•
Feb
13
54
common
Barium Steel Corp__
~~
Barlow ft seelig
Mfg—
Basic
153%
'•
•
3%
preferred-
Banco de los Andes—
American shares
36%
Z~
Jan
16%
2%
166
10
Feb
6%
400
21 %
15%
2%
49%
7,600
171%
20 %
166
Jan
8%
170
15%
1
Jan
B
Babcock & Wilcox co
Baldwin Locomotive—
Co
36
13% Jan
•
j
.
Corp..
7%
225
117% Feb
27%
8
18%
4
2%
1,200
Feb
21%
Colonial Airlines
~
ZZZZI
Colorado Fuel &' Iron wrnts
(new)Z2_
Colt's Patent Fire Arms..
;
28
Columbia Gas & Electric¬
11% Mar
Jan
Apr
49%
27%
171%
Aluminum Utensil
Co.—ZZZ*
Cockshutt Plow Co common.
Jan
10%
Jan
jo
•
Clinton; Industries
Jan
37
46
5
Club
115% Feb
Jan
22
120
8%
Lights Inc
ZZ..ZZZZZZl
Clayton & Lambert Mfg
ZZZZZZa
Cleveland Electric
Illuminating
ZZ*
Clinchfield Coal Corp
Apr
Mar
151%
43
preferred
Claude
Feb
48%
5
600
Jan
27%
ZZZZZ'lOO
City Auto Stamping
City ft Suburban Homes
Feb
18
300
Feb
106
46
J
5
Cities Service common.:
Feb
48
520
Z~100
fiChilds Co preferred
62%
Jan
45
Chicago Rivet & Mach
Consolidated Mining "Z
59
Jan
43
Chief
119% 119%
Feb
10%
37
144% 151 %
ZZZZ25
600
121
117%
1,325
45
~
Jan
9,500
151
Z
21%
12%
100
Chesebrough Mfg
1
High
Jan
46%
12
43%
100
Charis Corp common......
Cherry-Burrell common
10%
7%
Automatic Voting
MachlneZZZ—ZZZ~~*
Avery (B P) © Sons common
Baldwin; RubbCr"
12%
46 %
Apr
2%
62
sn
"
100
ser
21%
Low
18
100
ser
Jan
7'/4
•
pfd opt div
pfd opt div
15%
12%
•
West
10,000
7%
1
South
29
Cessna Aircraft Co
common
Chamberlin Co of America
Jan
5%
46 %
»i
Atlantic Coast Line Co
Products
24
7%
n»
Associated Electric
Industries—
American, dep rects
reg
Associated Laundries of
America
Automatic
Jan
13 y4
$7 VrefereZd."
■
20
42
-
Atlas Corp warrants
Atlas Plywood
Conv
•
non-voting
ArnaSnP°We/^ Light
Equipment Corp.
Conv
Jan
•
Natural" Gas !TomrnohZZ~
Aro
Apr
32%
Clark
commonZZZZZZ™*
class A
Jan
Apr
45%
i
PWr m% pfd-—100
6%
24%
£ 1
A?gusaincaU
Common
Jan
h
Range Since January
High
Low
50c
SCent States Elec 6%
preferred
7% preferred
Jan
Shares
pfd
Central
3% Mar
for Week
Utilities
Feb
Apr
1,200
—
Apex-Ene& Mfg Co
Arkansas
Central Pow & Lt 4%
54
42,200
Range
of Prices
1
—
35%
28 %
5%
1
.
Products
Jan
800
21 y4
2
Anglo-Iranian Oil Co Ltd
Am dep rets ord
reg
Angostura-Wuppermau
Steel
Jan
6,200
4%
«
*
Apr
Ohio
24
29%
20%
loo
"
ZZZ—iiH
central
46
42%
2
v
$6 series preferred
50%
Feb
Sales
Last
Exchange
Par
Apr
41
"•
"~ZT
Curb
Week's
Thursday
BTOCKS
Sale Price
40% Mar
5%
class A~
16%
Jan
47
700
20%
Z—ZZZZZZ*
—
_
52
45%
•
Republics
14
.1
ZZZ25
ZZ20
Co
Class B
American
1st
16%
j
American- Light & Trac common
6%
preferred
American Mfg Co common
American- Meter Co
American Potash & Chem
-j
New York
Range Since January 1
Low
High
High
100
$2.50 convertible preferred
American Hard Rubber Co
American Laundry Mach
American
Low
"
19
Sales
Last
Sale Price
American General Corp common
$2 convertible0 preferred:
EXCHANGE
FOR WEEK ENDING APRIL
RANGE
Monday, April 22, ig46
750
8,400
34%
13%
120
Feb
Jan
Jan
Jan
Jan
, (Jan
27% Fpb
68
Apr
117% Mar
14% Apr
22% Jan
51
common
•
81
79
81%
2,050
37%
37%
39 %
300
4%
2,100
———28*
Electric
$3.58
Bond
ft
Share
common
pfd formerly $5—
$4.20 pfd. formerly $6
Jan
8
Jan
97%
Jan
104 V2
Feb
65
Feb
6
37% Mar
Apr
42%-Jan
81%
3%
82
51
3% Mar
5
Jan
80
82
475
69
Mar
85
Apr
78
•
_*
—
78 %
150
68
Mar
51
3%
Jan
51 %
600
12%
12
12%
900
11% Mar
36%
,
Apr
6%
101
Eastern Sugar Associates—
$5 preferred
Easy Washing Machine B.
Economy'Grocery Stores,
17"% Apr
120% Mar
6%
to^r
;ioo
34%
36 %
550
25
52,600
51
Jan
I
25%
25
26 Vs
•
71
71
72 %
400
71
Apr
•
74%
74
75%
1,200
74
Apr
18"%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
olume
2183
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING APRIL 19
Thursday
ITOOK8
Week's
Sales
Last
Range
Sale Price
of Prices
York Cork Exchange
New
Low
Electric Power & Light
Option warrants.
29 Va
35 3
Co common
iu
preferred
CO
District Electric 5% pfd—100
Emsco Derrick & Equipment
1
Equity Corp common
10«
$3 convertible preferred
—1
—
"
17 V
Eversharp Inc new common
Apr
Feb
1,550
28%
Apr
29%
Apr
2,400
275
24%
Jan
50% Mar
109
Jan
13
Mar
1,300
4
30,300
3%
Jan
53
3%
12%
27
975
49%
Jan
Zinc
Illinois
Jan
19%
16
52
39%
Feb
53%
Apr
111%
Feb
Imperial
16
4%
56
17'/8
18
800
14%
Jan
22
33%
200
30 %
Jan
34
63%
64%
2,000
x41%
Jan
65%
Apr
Jan
Jan
Feb
Apr
Apr
of
Tobacco
ft Airplane
Fairchild Engine
1
•
1
*
pfd
$2.50 conv
Brewing
Palstaff
Fansteel Metallurgical
Fedders-Quigan Corp
50
5%
78
17%
Feb
Jan
8%
Feb
Jan
115
Feb
Jan
International Petroleum
Feb
100
50
8,000
11%
Jan
17%
25
Jan
29
Feb
70%
Feb
Mar
8%
Jan
Jan
64% Mar
7%
7%
7%
600
■*
•
27%
27 Va
27 Va
700
25% Mar
29%
29
29
30%
75
28 % Mar
35
5%
200
8
500
28
50
7
5%
rets bearer
Brewing Co.
Fox (Peter) Brewing.
Franklin County Distilling—
Name changed to
~7%
Fort Pitt
.1.21
7%
28
28
5%
Apr
7 V'4 Mar
27 %
Jan
23
Mar
Jan
110
Apr
107
109
550
94
Jan
112
Jan
28%
1,000
26
Jan
33%
Jan
73%
3,600
58
Mar
73%
Apr
30
30%
125
28%
Jan
30%
Apr
22 3/4
24
800
21
Feb
25%
Jan
20%
21%
7,100
19% Mar
21%
100
24%
24%
Jan
21 Va
15%
7,800
—
21%
shs—*
14
15%
112 y4
19%
Jan
10%
Jan
Apr
Jan
15%
Apr
7% Mar
900
4%
Jan
40%
42 %
650
36%
Feb
42 V2
30% Mar
42%
1
2%
2%
2y2
4,900
voting trust ctfs—*
30%
30%
31%
675
26
1
*
11%
ii y8
11%
800
11
2%
2 %
2,000
5%
6
6
preferred——_..*
—
Irving Air Chute
———
Italian Superpower A
—
2%
Apr
Jan
Apr
3% Feb
32
Feb
Feb
13%
Jan
Apr
3 %
Apr
Jan
2%
2%
Jan
Feb
3,300
19
45
250
30
Jan
49
Jan
30%
500
28
Mar
34%
Feb
87
Mar
100%
Mar
131
Lt 5%% pfd—100
———100
——100
50
107%
107% 107%
110
109% 110
110%
110% 110%
Jan
1,800
17
Jan
50
Apr
275
106
Jan
108
Jan
109%
Feb
111% Mar
60
Feb
115
Jersey Central Pwr ft
6%
preferred—
40 y4
49%
Jeannette Glass Co
22%
107
92 %
60
7% Mar
9%
33
Distillery
22%
Jan
40
41%
Royalty
Investors
Iron Fireman Mfg
Jan
116
90
109
109
Registered shares
—
—-—"
International Products
10
International Safety Razor B——— ■*
International Utilities Corp com—-18
coupon
Jan
Apr
60
109
———....
Apr
of Prance—
Old ..Poindexter
Warrants
26 %
•
Jan
105 V2
112 % 112%
68
40 Va
4
Jan
Jan
27%
21% Mar
15
14%
30%
71%
31 % Mar
67%
Jan
Apr
27%
400
27 3
12%
105
....80
International Investment Co
1
International Metal Industries A
.*
International Minerals and Chemicals-
2,300
14
300
Electric—
24
65%
13%
13%
Machine—*
37
27%
14%
15%
26 %
13%
series
22 %
14 %
15%
112%
35 %
—
Feb
Jan
Jan
13% Mar
400
13%
*
23%
dep
Amer
17,700
Jan
7%
3,000
Indianapolis P & L 5%% preferred-100
6% preferred
100
7 %
preferred
100
Insurance Co of North America
10
Interstate Power $7
non-voting
B voting
Motor
Ford
7%
101%
7%
101
13%
81
A
Class
600
Apr
Jan
14%
14 3/8
14%
8
Britain ft
36
1
(Phila)
Ford Motor Co Ltd—
Am dep rets ord reg——
Ford Motor of CanadaAssociation
Class
7%
—
Co_2i
1>
Federal Compress & Warehouse
Fire
16
15%
High
37
Jan
14%
•
Indiana Service
$3.50
25
7%
£1
Preferred
Range Since January 1
Low
1,150
81
Ireland
International Cigar
International Hydro
Fairchild Camera ft lest Co.
Great
35%
33%
35%
Sales
fer Week
Shares
High
Low
Co
Imperial Chemical Industrlei
Am dep rets regis
Imperial Oil (Can) coupon.
Registered
Imperial Tobacco of Canada
33
—10
—1
Pipe Line common
Eureka
37/t
Apr
162
200
—
14%
53
—_..l
Inc_
Esquire
16
Feb
Jan
53%
—
139
4,000
a
Range
of Prices
Far
High
6%
3 6 V4
52
—~
* —
29 7
35
4
5%
Empire
^ • • • *—
26 %
29 %
Elliott
jumouv*
11%
25%
1
National Watch Co new com___15
Elgin
350
9%
Corp
Electrographic
162
11%
Low
Week's
uurt
Sale Price
New Yerk Curb Kxchange
Range Since January 1
High
159
2d pfd
Shares
Thursday
STOCKS
fer Week
24
Apr
Stores
Froedtert
45
(Geo A) Co
$3 conv stock.
—
—
convertible
44
30%
& Malt common..
Grain
Fuller
120
.IN
preferred.
'
29%
120
10
7%
preferred
•
Julian & Kokenge Co
uatmeau
5%
oo
17%
preferred
Gellman Mfg Co common
General Alloys Co
11
17%
107/e
comrao;
18
99
Power
16%
lOVa
Jan
18%
Apr
100
14
Jan
173/4
Apr
99
10
97
Jan
99 y4 Mar
11
300
8,600
9% Mar
14%
Jan
7%
1,300
6%
Apr
9%
Jan
17%
6%'
7 V'4
Jan
18%
Feb
Gen Electric Co Ltd—
Amer
dep rets ord reg
General Finance Corp common.
5<& preferred series A
;
14%
Warrants
General Pireproofing common
General Outdoor Adv 6%
General Plywood Corp
Tr
Public Service $6 preferred-.*
Rayon Co A stock..
Jan
17%
Feb
9%
Jan
103/8
10%
500
9
Jan
12 Va
Apr
Feb
29
24
Mar
31%
Apr
30 '/a
600
10
22%
5,800
160
22%
l
General
General
12%
1,200
106% 106%
29.
«
...100
pfd
2,200
10%
10%
10 Va
15
10
14%
.If
17%
129
131
•
1
~6%
*
107%
General. Shareholdings Corp com
$6 convertible preferred
Geoigia Power $6 preferred
$5 preferred
•
Gilbert
131
~
*
(AC)
Preferred
Gilchrist
Glen
Goldfield
Consolidated
Goodman
Mines
—
preferred
Mfg common
Atlantic
&
Feb
115
55
Feb
19%
Jan
24%
1,300
21%
21
21%
3,100
19
7
7%
3,000
66 %
25
66%.
-
6%
65
Feb
29
30
Apr
Jan
Jan
25%
Feb
Mar
243/4
Jan
Jan
8%
Feb
Jan
69
Feb
30 V8
200
30
Apr
44
Feb
103 % 104V2
110
103
Jan
105
Jan
2
Mar
4
Jan
30
1
2%
2 %■
2%
37,900
48 V2
17%
16%
59
59 %
60
33%
33
35 y4
18%
6,200
stock
31 %
29 %
31%
Greenfield Tap ft Die
Grocery Stores Products
_•
common..25e
Gulf State Utilities $4.40 pfd
Gypsum Lime ft Alftha«tln»
144% 145
Jan
10% Mar
50 % Mar
18%
TE
ClaSS
,
mmt
-|_j j.iL1i lw i rnT.iL.
94
Jan
82
24%
25
1,100
9
15,700
8%
Lamp Co
Hamilton Bridge Co Ltd
Hammermill Paper__
11
17V8
21 y4
Jan
37%
Le Tourneau
Apr
Line
Feb
mm
Material Co
Corp
B
Class
1,900
9%
350
in
39%
39%
1,150
38
Apr
Jan
Apr
Jan
18
Apr
116
Jan
Louisiana
15
Apr
6 Va
4%
Apr
~7%
5
%%
preferred
Henry Holt
w
w
Hoe
(R)
Bollinger
2.81
common
& co class A—
Consolidated
10
G
M
•
Hoiophane Co common
*
Border's Inc
•
Hormel (Geo A) & Co common.......*
12%
13 y4
19%
21
Horn & Hardart Baking Co
uorn & Hardart
common
7,300
*
5%
preferred
Howard
Stores
1
Hubbell (Harvey) Inc
Humble Oil &
Refining
Hummel-Ross Fibre Corp
L18onier
$2.25 preferred
1
38
1st
preferred
E1®ctrlc
72%
Feb
3%
49,100
42 %
43%
2,100
21
21 y4
300
3%
7%
Jan
7%
Jan
Apr
14%
Jan
31%
26%
Feb
Marion Steam
23%
Apr
Mass Utilities
Feb
Apr
McColl-Prontenac Oil Co
Jan
McCord
16%
17
8,000
15 V\
Feb
19%
43%
44
100
37Va Mar
15 V4 Mar
16%
15%
15%
100
14 ya Mar
17
Jan
108% 109
18
19%
50
300
74%
71
70
69%
15%
15
76
107%
18
Feb
Apr
48
111
263/8
40
Jan
76
Apr
70%
950
65
Feb
80
Jan
15%
4,800
13%
Jan
173/4
Feb
Feb
31
750
22%
Jan
31
20%
27%
43
Jan
22 3/fc
Jan
44
110
40 %
Apr
44%
Jan
140
42
4^ O
11
42
40%
40
io%
325
Feb
2,100
32 %
33%
250
61VV
66%
8,500
15%
18 %
18,600
•
32%
28%
33%
4,400
48%
75
16%
19
550
11
11
11%
55
55
55 %
100
6%
100
6%
3,900
152
Mar
Co common.
arrear
-Z°r footnotes
see
page
2186.
Apr
21 Va
Jan
11%
Jan
82%
Feb
Feb
37%
Jan
41
Jan
32
30%
300
17
18%
3,300
2,100
3%
2% Feb
20% Mar
Feb
Jan
32
29 % Mar
Apr
31
Mar
20
Jan
50
26Va
Jan
42
Mar
12
'Feb
18%
Apr
Feb
30%
Apr
Feb
26
Mar
30
Feb
25
14,800
18%
Apr
19Va
Apr
19%
9,400
15%
Jan
19%
Jan
2%
2%
Feb
3%
20,500
.2%
Jan
111% 117
725
96%
Feb
117
Apr
101 % 108
825
92 %
Feb
108
Apr
13%
23,000
loy8
10
lll'/a
13%
Jan
115% 115%
Jan
12%
115%
22%
24%
Corp
24%
3,600
Apr
Apr
117
24%
2iy4 Mar
Apr
Co
33
34%
300
22 V4
Jan
343/8
Apr
A preferred
6%%
j.
Metal Textile Corp
Abrasive
Oil Co
Piping
Mid-West
& Supply
Mid-West Refineries
Miller
Feb
39%
Apr
2,700
31
73%
73%
75%
3,100
66% Mar
81
Apr
21%
22%
4,700
18 V2
23
Apr
35
36%
Jan
12 %
Jan
6% Mar
19 Va
Jan
163/4
800
2%
3%
2,400
2%
Apr
4%
Jan
183/4
1,200
13V4
Jan
18%
Jan
94 Va
Apr
Jan
15%
Feb
22%
Jan
Jan
46
Apr
15%
18'/8
19
3,000
100
--1
25c
18
1
2.50
-•
Wohl
Co
common
5%
conv
preferred
Mining Corp of Canada..
Minnesota P & L 5%
pfd
•
50
10
.•
..1
—1
50
——-•
100
Jan
24
Mar
Feb
34
Apr
8 % Mar
10
Jan
Feb
Feb
31
12%
20%
2iy8
1,800
16 Va
29%
34
9,000
25
8%
9
2,100
2,100
2iy2
19
8%
28
30
20%
20
20%
1,900
10 %
Warrants
Messabi Iron Co_
Midi ale Co common
Mar
Apr
30
•
Chapman ft Scott
Merritt
Feb
8
Apr
Apr50% Mar
51
34
Memphis Natural Gas common——6
Mercantile Stores common....
•
Apr
15
Jan
Jan
Feb
20%
"
—1
McWilliams Dredging
7 Va
33%
45%
Jan
Jan
17%
18%
573/4
23% Mar
48
26
42
6% pfd.
Jan
Apr
18%
Jan
Feb
Jan
2%
16%
common
Jan
Jan
66%
10
8%
Mar
6
94%
5
33%
Jan
Mar
27% Mar
48%
900
183A
43
Api-
46
36
6%
Apr
42
500
40%
Apr
1153/4 Mar
7%
26
44%
•—
19
Feb
Jan
7%
7%
11%
32%
43%
22
35%
-18
ctfs
17%
Jan
23%
Jan
Feb
1L
hlX preierred
preferred
Dividend
Jan
Mar
9%
$2.50 preferred
Midwest
n
10%
183/4
—'
Shovel
Association v t e,
Midwest
Hlinois Power
34 Va Mar
18%
Participating preferred
Michigan Bumper Corp
—
Michigan Steel Tube
—
Michigan Sugar Co
-Preferred
10
Micromatic Hone Corp—
——1
Middle States Petroleum class A vtc.l
Class B v t c—
1
Middle West Corp common—
8
Midland Oil Corp $2 conv preferred..*
Midland Steel Products—
$2 non-cum dividend shares
—1•
37%
113% Mar
34
21
Jan
19
Feb
Jan
2,200
17 %
Hy^rade Pood Products
Feb
26 Va
Massey Harris common
17%
33%
-
31
29%
Mapes Consolidated Mfg CoMarconi Internat Marine
Communication Co Ltd——
Feb
200
48 %
..III
3
17%
optional warrants,
Apr
5% Mar
20% Mar
Securities
10
21
13%
Mar
15%
19
38
43
Mangel Stores common——
Manlschewitz (The B) Co——
12,500
66%
common.
300
Feb
Apr
17%
31
21%
Light 86 pfd——*
Lynch Corp new common
2
Jan
22
11%
•
•
stk Purch warrants.
Huyler's
175
10
14
15%
200
Land & Exploration.
41%
4%
8
Co
17%
Jan
Jan
8%
73
23/4
35% Mar
10%
100
Corp
33%
100
23% Feb
Feb
Mar
19
11
108
Manatl Sugar
600
—•
«
Apr
Feb
116%
Feb
23
31
1,900
10
Feb
22
—
16%
27%
preferred A ctfs of dep.
6% preferred B ctfs of dep.
Mead Johnson &
Heyden Chemical
12% Mar
27%
7%
11%
20%
18
1,300
.10
173/4
ny8
108%
_
& Co commoi
17"%
15 Va
__1
Jan
8%
2,600
»
5
Jan
27%
Mar
14
21%
15 %
Feb
12
18
-Jj
Louisiana Power ft
13ya
113
11%
—
29
2,700
14%
10
preferred—28
Logansport Distilling Co
Lone Star Gas Corp common
Long Island Lighting Co—
Common ctfs of dep—
21%
67
~
m
Jan
100
16%
M
15%
9%
common.
34% Apr
35% Apr
23
33
17%
Locke Steel Chain———
Jan
17Va
14%
Class A
Heller Co
200
33
25 % Mar
Apr
1,200
9 %
Helena Ruhinstflin
Apr
42
—
45
21%
15%
20e
2% Feb
1% Jan
Jan
33'/4
—
132
20%
*
Hecla Mining Co
Feb
11%
Jan
8%
16%
20%
—•
Groceterias Class A——
*
145
21 Va
7 Va
18% Mar
7% Jan
33
A—*
——
Mar
1,000
4%
2
3,500
27,400
Apr
Apr
25% Apr
9% Feb
33
33
—28
.1
(R G) Ino.—....
38 V* Mar
44%
~
11%
Jan
114%
Jan
29
U—■—
I
Leonard Oil Development
109% Mar
134
43
g
Hartford Electric Light
—_2i
Hartford Rayon voting trust ctf«
l
Harvard Brewing Co_
1
Hat Corp of America B non-vot com—l
Hazeltine Corp
•
Hearn Dept Stores common
g
114
Itt
1fi
flail
8%
11
11%
•
Loblaw
60
Jan
76
13%
preferred
Prior
Jan
300
86
30
Monotype Machine
Jan
114
120
82
25
5
Lefcourt Realty common...
——1
Convertible preferred—. .—.——*
Lanston
23 Va
16%
94
81%
114%
1
Langendorf United Bakeries class
13%
113
89
—
— —
700
Feb
16%
Jan
3,400
Mar
114
29%
4,600
Lipton (Thos J> Inc 6%
Lit Brothers common
16%
22% Jan
12%
Lionel
•
1,300
20
Feb
43 %•
100
24
11%
Jan
20
Jan
23
19%
Jan
300
15 Va
11%
12% Mar
125% 132
132
100
Apr
Lakey Foundry ft Machine.—
Lamson Corp of Delaware
Lane Wells Co common
52
4,200
Jan
L
47%
400
.
Apr
Feb
9%
9%
20
71
3,200
100
—100
1
1
1
1
•
10
—1
Apr
26
6%
7%
Lake Shore Mines Ltd
Jan
12
Apr
26
475
7%
15%
Jan
23
123%
Jan
Feb
19
350
—1
Apr
11%
Jan
18 %
14
Co——1
Brewing
500
.100
Kobacker Stores new common
Krueger
2,100
123/4
16%
51
22 Va
_•
Knott Corp common
26
25
24
-8
Co—
Kimberly-Clark Corp—
4%% preferred
Kings Co Lighting 7% pfd B
5$ preferred D
King Seeley Corp
Kingston
Products.——
Kliby Petroleum
Kirkland Lake G M Co Ltd—
Klein (D Emil) Co common
Kleinert (I B) Rubber Co
57%
11%
21
Key Co common—
Kldde (Walter) &
3P/4
22 y2
Apr
123/4
—
•
700
i
•
Ken-Rad Tube ft Lamp A.
3,500
»
Paper
Inc,
Kennedy's
22
23%
—
Jan
Jan
Jl
Jan
43%
31%
Jan
111
23%
1
Jan
Jan
7Vt
pfd_25
6%
109
Pacific Tea—
Non-voting common
1%
1st preferred
Great Northern
900
•
conv
Jan
Jan
21»/4
if
Graham-Paige Motors $5
Grand Rapids Varnish
Gray Mfg Co
Grayson-Robinson Stores
Apr
Jan
24 Va
•
Gorham
Great
29
__lfl
class A
Apr
93/a
27
27
——•
Mfg Co
22%
131
Jan
53
•
prior preferred
Feb
109
111%
•
•
Inc
104
.1
Godchaux Sugars class A.
Cla£3
B
Jan
Jan
6% Apr
4% Mar
s.lti
Corp
common
$3
250
•
Coal
(Adolf) Inc
Gorham
25
35%
34%
27
Harvester
Alden
$4.50
100
•
Gladding McBean & Co
Gobel
900
113% 113%
—
35%
Co
Gleaner
6 V4
108 %
IP/a
110
Feb
110
•
common..
5%
107
104%
25%
Co
Kawneer
18
Jan
Jan
K
•
Garrett Corp common.
112%
x26
110
109 % Mar
121 %
Franklin
10%
10%
100
8%
Jan
400
109%!
Jan
110
110
8%
9,300
6%
Jan
11%
11%
300
9%
Jan
12%
Jan
62
58
7%-
7%~
7%
400
'
-*j
16V6te*
4ya
16
4%
16% 0',
4%
200
14
Feb
1,800
1,000
4
11% Mar
11%
11%
23%
17%
24%
1,100-
19-i-Feb
2oy4
3,400
15%
4%
11,300
29 V4
17,600
4%
29 y8
3%
28
Feb
3% Jan
V2 tfan
6%
12%
12
43
7%
12%
Jan
13% Jan
i0;\24% Apr
31**20% Apr
Jp 4% !Apr
29%
Apr
Jan
35
Jan
200
36% Jan
47
Feb
2,900
6% Mar
11
Feb
1,400
~5%
~5%
~5%
6,100
34%
34 y8
35
1,700
6,700
Jan
4% Mar
24%
Jan
•---
9% Jan
12%
Jan
39% Feb
6
Jan
36% Apr
Jan
11%
Apr
Jan
105% Mar
107%
Feb
73
~8% ~9
Jan
5%
Mar
Mar
33
~8%
17"%
16
-
31
42%
Jan
"
-
20
13
42%
;'
Mar
11%
Jan
Mar
9% Feb
7% Mar
24
19%
Jan
111% Mar
7%
11%
~8%
Apr
26% Jan
8%
Jan
106
THE COMMERCIAL & FINANCIAL CHRONICLE
2184
NEW YORK CURB
Monday, April 22,
ig45
EXCHANGE
RANGE FOR WEEK ENDING APRIL 19
Last
Exchange
i^urb
Week's
Thursday
STOCKS
fork
New
Range
Sale Price
Par
Molyduenuui
Low
•
Service common
Public
Missouri
18%
J
ouip
Light
investors partic pfd
Plan Corp of America
Moody
18 34
9%
10%
434
4,500
15
37
205
Apr
Pleasant Valley Wine Co
Jan
20%
Feb
Pneumatic Scale
9,500
774
Jan
10%
Jan
Polaris
4
Jan
6
Feb
Powdrell
900
Jan
14
Jan
Power
205%
50
20%
20 3 4
21%
350
46%
46%
47
9%
8 34
197
Jan
20%
205%
Jan
46
6,100
8
Jan
&
Corp
1st
of
City Copper common
5o
4
Piouucers
Mountain
10
9%
Mountain
Power
States
Mountain
Feb
Oluo Mfg Co
Muskegon Piston Ring..—
6.800
9%
—•
2%
3%
3,800
32%
100
20
8%
32
31%
common..————*
Co
4
159% 159%
100
Murray
Muskogee
3%
common——•
States Tel & Tel
Mountain
9%
Apr
5%
8% Mar
28%
21%
50
8%
9%
9,100
25%
5,100
30
31%
20%
19%
20 Va
300
18
17% Mar
"
preferred—
15
15%
200
14
Corp
Hess
National
Bellas
National
30 %
26 %
1
8%
8Vs
38%
36%
Breweries common
7%
common
City
National
Fuel Gas
National
Mfg & Stores
National
Huuocr
National
Steel
•
—
Producers Corp
Providence
Apr
Jan
Car Ltd
Nelson
Meter
England
New
6%
New
Jan
39*3/4
15%
6,700
33/8
14
3%
12
110
—
Power Associates
Co
Apr
15 Va
14
130
108 %
Jan
113
129%
24%
18%
Apr
22
12 34
Jan
19
11%
625
2,350
270
43
76
75%
93%
10
175
12
Va
•
106%
Apr
34 3/4
Apr
126% Mar
133 Va
Jan
36
Mar
49%
Mar
32
72
Jan
813/4
llVa Mar
2,700
9%
15
10%
5,100
7%
Jan
60
50
543/4
Feb
13%
15%
3,100
10
Merchandise
50
5§3/4
100
22
60
24
500
108
108
20
86
87
110
Jan
153/4
Feb
19
10
53
Mar
Jan
N
Y State
N
Y
shares
1
Electric & Gas $5.10
Water
Service
6%
Niagara Hudson Power
5%
pfd.100
pfd
100
1
common
1st preferred
Zd
5%
Class
100
preferred
B
Niagara
100
Corp
Noma
64'/a
Light & Power
1
common
•
6 %
North
33/8
10 3/4 Mar
13
500
3%
3,600
33/8
Jan
7,800
25%
Apr
27
9%
11
56:
17% Mar
26%
500
7%
134
53/4 Feb
35
Jan
162
49%
Jan
57%
Apr
5 6 3/s
Apr
•
RR Co
503/4
Apr
54
11%
11 %
Feb
400
6%
Jan
12%
Feb
8
Jan
11%
Apr
1,200
18%
3,100
Gas
20
Northern States Power class A
107
10
l
Corp
Apr
21%
56
107
Metal
Petroleum
Jan
111
Dome
Samson
Oil
3,025
45 %
Jan
58
Apr
45
Jan
67 Va
Apr
107/b
Feb
15%
Apr
34
Feb
39
Jan
60
64
14 Va
15'4
3,800
38
38%
600
3834
6
«
4%
common
•
39%
preferred
Ohio Public Service 7% 1st
pfd
6% 1st preferred
100
Ohio
Brass
Co
Ohio
Power
4%%
Old
class
B
ICO
19
1
Filters B
uimca
4%
6,500
3%
Jan
39%
500
3434
Jan
30
1143/4
Feb
116%
116% 116%
100
100
Natural Gas common
Poindexter Distillery
v^nvei
4%
115% 115%
38
600
42
12%
600
1
~~
~~
24
Jan
106
107%
280
26
12
Apr
103
Feb
108
Jan
175
Feb
Jan
19
Mar
Feb
10%
12%
89,100
6 3/4
Jan
12%
Apr
22%
22%
775
19%
Feb
24
Jan
32%
32
32%
41% x43
1,975
23/4 Mar
57
22%
pfd F
Feb
55
Jan
58
19%
Feb
X43
20
58
Feb
36
34
Feb
Apr
Jan
23%
Feb
28%
Jan
35
400
29% Mar
37%
Jan
27%
28
925
25 %
Jan
34%
423/4
28
22%
34
43%
500
34
Feb
49
5,100
3%
4
17,200
10%
10%
11
2,400
8
1
3%
3%
33/8
8,700
2%
109% 109%
10
105%
100
•
4%
30%
700
15%
15
15%
3 Vo Mar
Jan
Jan
4%
Jan
Jan
13%
Feb
Jan
4%
Jan
Jan
110% Mar
150
15
Apr
20%
Jan
£1
9
27
27
29
2,000
22
Jan
2~9~%
Apr
9
Works
37%
36%
37%
800
22
Jan
37%
Apr
5 VB
6Va
1,900
5% Mar
6%
Feb
11%
4,100
8%
11%
Apr
6
9
11 %
11
37%
38%
39
33%
39
1,200
7%
8
1,800
6
63/8
1,300
7%
2,100
600
Feb
8
6 Va
7%
7%
30
Feb
40
Jan
193/i
Jan
193/4
Jan
19%
Feb
39
Apr
7 3/4
Apr
10%
57/a
Feb
8
Jan
6
Jan
9%
Feb
*
(D
bcovill
Feb
6,450
11%
30,800
9%
1
10
9Va
10%
30,000
7% Mar
9%
3,700
4
1,400
1
Mar
16%
8%
4
3 5/8
A)
1
~8%
29
423/8
--
Inc
"8%
Steel
Co
•
common
42
42%
400
—
183
19%
•
24
400
7 Va
24
1
20 %
19%
•
28
28
common
Shoe Co
Selected Industries Inc
common
Belby
$5.50 prior stock
Allotment certificates
Jan
Semler
(R
B)
5%
%
Jan
Apr
Mar
Va Mar
4%
Jan
Mar
42%
Jan
9%
Apr
Feb
383/4 Mar
46 %
Jan
115
Mar
6 5/a
Jan
162.
17 Va
189%
Feb
21
200
6
11,200
5
1,800
15
21%
Feb
Apr
Jan
25% Jan
7
Jan
22
Feb
28%
Apr
Apr
Feb
Jan
Jan
9Vb
6% Mar
24
20%
10%
28%
400
6'/a
5,700
Jan
7Va
32%
1,400
25
Mar
353/4
Feb
102 %
200
98
Jan
103 %
Apr
200
100
Jan
111
Apr
22 % Mar
29
6
32
5%
30
102
29
__
Inc
10 %
109% 109%
1
9
Convertible stock
Jan
6
12% Mar
3
2,600
1
new
310
19%
Seiberling
Rubber
184%
19%
7
33%
110% Mar
6%
1
Feb
Feb
8
10,400
—
183
26
33
8 3/4
Segal Lock & Hardware
Mar
15%
8V2
*
common
9Vb Mar
7% Feb
33 Va
10%
Co
Manufacturing
Bcullin
Feb
50
9,900
283/4
11%
5
new
9
75/8
33 V8
9
Elec $6 pfd
•
Scranton Spring Brook Water Service—
$6 preferred
•
Jan
112
9
50
common
Scranton
Feb
118%
Jan
14
~~
24
Feb
18
15%
1
Co
Co
Schalte
Jan
11% Mar
1
23
Jan
1,000
__
Feb
118
Jan
49
123/8
__
6
393/4
Mar
48
•
Omar lnc
116
110%
48
27
Mar
16%
~3%
Securities Corp General
Beeman Bros Inc
Ogden Corp common
Jan
18
20
22 %
•
United Corp common
Oil
Schiff
Api-
64
*
23
175
27
16
Apr
110% Jan
167%
•
Co
Regis Paper
Salt
Apr
2,300
58
Jan
14'8
Co
Bt Lawrence Corp Ltd
Class A $2 conv pre!—.
St
Jan
104
108%
58
25
Inc
17%
Art
Savoy
107
Indiana Pub Serv 5% pfd—100
Natural
11
17%
50
3,800
26%
Mar
Apr
300
10 Va
114
108
12% Mar
Feb
57%
Feb
10'4
1083/4 Jan
Feb
75
Jan
49%
173'8
Jan
19%
Ryan Aeronautical Co
Ryan Consolidated Petroleum—
Ryerion & Haynes common
Apr
30
1
Jan
106 3/a
16
Russeks Fifth Ave
Feb
20 Va
Mar
100
5
Feb
Apr
10%
111%
16
Rotary Electric. Steel Co
Royalite Oil Co Ltd.
Feb
17
26,600
162
Root
Feb
50 74
Texas Oil
Aircraft
Apr
Jan
563,8
Northern
Northrop
119%
Ronson
Feb
50 3 4
Northern
No « a del-A gene
123 Va
20%
150
3
18%
Apr
10
26%
106
Roosevelt Field Inc
Apr
Jan
1%
13%
56 3/8
Airlines
Penn
Jan
50
Utility Securities
Central
Northeast
7,300
Feb
55%
•
preferred
American
Northern
2,600
800
8%
22%
10 %
160
•
common
prior
North
Rayon class A
2%
12%
26
Jan
10
.100
dep rets for ord reg
Rome Cable Corp common
Jan
3%
27
9
Rolls Royce Ltd—
Jan
95
21
C.;V
2%
13% Mar
—
Co.
Am
111
20%
CO
1
preterred
B
21%
9
Electric
Class
210
1
Mines
North Amer
$6
119%
•
Power
Rochester Gas & Elec 4%
Roeser & Pendleton Inc
Feb
Mar
110% Mar
117
2%
4,300
109% 109%
•
Rio Grande Valley Gas Co v t c
Jan
83% Mar
108
117
119%
12
11,600
18%
—
Feb
112% 112%
1
Richfield Oil Corp. warrants
Richmond
Radiator
Apr
26
925
121%
Feb
Jan
105,400
120
—
18%
13%
120%
9
com
Hundred Corp B
North American
12%
23/4
class B
Niles-Bement-Pond
Nineteen
13%
optional warrants
Share
Nipissing
86
2%
Jan
108% 108%
--
II
Reliance Electric & Engineering
Rice Stix Dry Goods
Mar
X35
Shipbuilding Corp—
Founders
203/4
2 Va
•
preferred
Reed Roller Bit
Mar
9%
28
—
Feb
Jan
17%
Honduras Rosano
Jan
15
100
—
J$n
Feb
78%
City Omnibus warrants
common
Mar
84 %
60
1
15
3Vs
R
Jan
28
25
800
—
100
Radlo-Kelth-Orpheum option warrant*.
Railway & Light Securities
Voting common
10
Railway & Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
v3 convertible preferred
•
Raytheon Manufacturing common—50o
Apr
500
106 %
41
17%
Apr
"2%
common.
6%
Quebec
Feb
1,400
129% 130 %
41
94
Feb
27% Mar
•
Auction
43%
18% Mai-
11%
Quaker Oats
Apr
113
104
Apr
Jan
18 %
Feb
17%
11%
I
——•
—
59
Apr
82
Jan
Feb
22
•
Y
Y
26 V2
Jan
•
Y
N Y
Jan
3%
16%
104
Jan
2
100
Jan
Apr
233% Mar
7%
21%
100
N
N
17%
25%
12% Mar
2,200
•
N
&
Jan
Feb
Feb
2,200
17
100
Jnc common
Co
143/8
18
10,000
22
—•
44
15,600
Apr
3%
•
New Process Co common
Y
9%
123/8
11
450
2%
91%
17%
*
of Nevada
Gas
Pyle-National Co common
Pyrene Manufacturing
Apr
14%
700
3,700
9
——
New Jersey Zinc
New Mexico & Arizona Land
N
31
22%
25%
13%
2
Apr
23
I334
Feb
Apr
21%
•
common
Clock
Haven
New
New Idea
44
6,800
23%
100
preferred
preferred
England Tel & Tel
S2
Apr
39%
21%
1
preferred
Corp
Co class A
Mur
ne
Jan
25%
30o
—
Power 1%
Neptune
Neatie
Radio
Herman)
i
5%
23
12.50
Union
Nebraska
22,500
•
National Tunnel & Mines common
National
8%
15%
59
56
i3<j
1
6% 1st preferred
7% 1st preferred—
Puget Sound Power & Light—
*5 prior preferred
Puget Sound Pulp & Timber
203/4 Mar
17
Jan
•
Transit
National
15%
Jan
Apr
14%
91%
2
Public Service of Colorado—
31 %
23%
1
common
Machinery
America
Prosperity Co class B
40
50o
common
of
Metals
Jan
29
Lines
•
Pressed
Feb
3,400
•
preferred
National
31
1
common
Apr
Mar
————•
Mining
Inc
Apr
2574 Mar
10%
25%
12 % Mar
—
__
*
Premier Gold
N
Nachman
20 :iA Mar
100
Pratt & Lambert Co
10 Va
Feb
15%
600
8% Mar
27% Jan
7% Mar
223/8
2534 Mar
33/4
Feb
Pacific
Securities.—.
Can
Pacific Gas
5% V«
1st
Pacific
Co
&
common...
Elec 6%
—•
lst'pfd..., —29
preferred
—25
Lighting $5 preferred I
Pacific Power &
Light 1%
Pacific Public Service..
$1.39
12%
"
_
•
12
44%
40%
American
Panteptc Oil
n,ramo»"t
Airways
of
400
Peninsular
40
Telephone
preferred
Rights
w
93{,
common
A
!_I
i
i.wci
Oorp common
Penn-Dixie Cement warrants!!"*
5
9
9%
1,700
8%
Jan
11%
Feb
3%
3%
3%
1,500
33/8 Mar
5%
Jan
1
10%
10%
11
•
14%
14%
Shattuck
8
7 S/8
113/4
Apr
50
IlL* •
common!r~20
51
44 % Mar
Shawinig.'in Water & Power
Jan
41%
Feb
Sherwin-Williams
108
Mar
117%
Apr
4%
preferred
Sherwin-Williams
Jan
Slck's
Apr
Silex
Jan
26%
51%
27%
76
26%
Jan
28
Jan
28 %
14
Jan
49 Va
1,400
20
51%
250
1-28% 1-28%
r4%
33/4
8
10%
Jan
20
52
Apr
24
Mar
61%
34
Jan
Jan
76
Apr
.__!!!_•
76%
Pharis Tire & Rubber
1
__
Philadelphia Co
Solar
Aircraft
Apr
Solar
Electric Power 5% pfd
Pnillips Packing Co
..!!!!
Pierce Governor
common...! _!
Pinchin Johnson Ltd Arc
125
Sonotcne
15
Apr
Mines Ltd—
150
50
6%
100
6%
Piper Aircraft Corp
113%
Pittsburgh Metallurgical
see
page
new
—2
73% Mar.
49
Mar
7%
..50
5
Jan
H>54%
,
1
Jan
18
•
Jan
14%
100
14
Apr
163/8
Jan
8%
7,200
7Va Mar
10%
.Jan
:
n
>
<
■:
:*1*62
76
400
49%
Jan
Apr
162
23%
200
165%
600
130
10
110
1133i 113%
1
100
£1
100
Mills
Co..
193/a
Jan
Jan
24% Mar
Jan
1653/4
Apr
113%
Apr
Apr
20%
21
600
~8 %
338
8 Va
334
7
—
—
—
~8%
4,700
338
80
7
100
—
—
28
Apr
Mar
42
Apr
19
Feb
23%
Jan
47%
20%
Jan
38
Mar
49%
Apr
253/4
6%
Jan
315
Mar
7
Mar
106
Feb
10
374
7%
108
Feb
Jan
Jan
Feb
*
.1
24%
26 Va
12%
123/8
1
■
Corp
243/4
1
s
5%
5 1/2
Jan
26%
Apr
Jan
15%
Jan
Jan
7%
Feb
14%
Jan
2,700
173/4
13 Va
2,500
11 Va
5%
8,100
5
'800
12
Mar
tll%
20%
22%
3.2Q0
16% Mar
17
19%
22%
4.300
Apr
14%
Jan
20%
Feb
32%
Jan
13
13%
70
67
70
10
—
32%
32%
30%
30%
31
400
30 Va
30 3/4
900
13%
13%
200
103/4
10%
400
—
1
7%
83/4
,5%
6%
,
original preferred
preferred B—
.*
1.
Mar
10%
2,400
55%''
Mar
70
Apr
IP
3iy2
Jan
43
Mar
44
8%
Jan
1,300
28
28
5% %
preferred series C
25
Southern New England Telephone—100
7
30% Apr
293/4 Mar
Jan
51
Feb
32%
31%
Feb
Jan
Apr
150
Jan
157
11
Feb
14%
Jan
9% Mar
13%
Feb
18%
Jan
Jan
Jan
28%
Va
Southern California Edison—
,
Jin
Jftfc
13
29
...
Jdh
50
1
common
!Pa Pipe Line
Southwest
Apr
r>86%
:
Manufacturing
South Coast Corp common..——.
South Penn Oil
m 15%. Apr
Mar
350
Boss
Jan
it
v
19%
28%
29
650
23
29
5,700
25
—
6
Va
53/4
26%
~6
500
10 Va
11 Va
6,200
7,300
13
12%
13%
1,900
46
4634
74
75
-50
com.
12%
Jan
84
Jan
11
com
Pitney-Bowes Inc
'
'Pitts Bess & L E RR_—
'
pw*hur«h & Lake Erie.
For footnotes
1
9
213/4
Feb
200
26%
!
4%
Jan
Mar
49%
28
Shs"
Gold
Jan
•
Manufacturing Co
Jan
8
480
1,600
preferred
Feb
10,300
59%
•
29
74%
58%
10
•
common
convertible
53% Mar
74%
76%
.
Jail
200
•
Jan
22
common
Phila
Pioneer
58%
Co
Jan
6%
10
Canada
28
3%
X233/8
165
100
of
Ltd
<8%
114% 115%
10
9%
6%
—
Breweries
3.90% preferred
Smith (Howard) Paper
49%
—
"*
•
29
common
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
Jan
Feb
4,200
18
$3
13% Mar
Feb
39%
8%
17%
,
CO
241/4
to—
9% Mar
4%
8
18
74%
50
CO
8
Simmons-Boardman Publications—
14%
200
Mining
Jan
Jan
19,200
Denn
38%
Jan
100
Safety
42
46%
new
Circle Co
Feb
Jan
21,700
72
25
!!!__
f
_
Periect
14%
15
50
«
feimayr ania Edison Co $5
series pfd *
$2.80 series preferred
fx* £ jflec class A
COm!~I!
•
Penn Power &
Light 4%% pfd
" loo
Penn Traffic Co
o
3G
P*m> Water & Power Co
Pepperell Mfg Co
1,300
9 1
1
113%
12%
12%
1
•
.
26%
1
Control
105%
974
1
!!!!"
I—!
25%
Sentinel Radio Corp common.
Sentry
70
27
934
12%
II!!!
new
1
Jan
Apr
27
27
Am shs
e^iifirsritug Rig & Reel
Patchogue Plymouth Mills
22
26
11%
warrants..
Venezuela
Jan
Jan
40
115% 117%
~
Motors Corp
Parker Pen Co
°*
1,200
40%
108
1st
preferred—!!!!!
Page-Hersey Tubes new common!!
Pan
*"»
100
44J%
40%
107
II60
pfd
12
43 3/4
108
800
18 %
Berrick Corp class B
Seton Leather common
Overseas
■
75
—
13%
13%
2186.
L
1
High
Jan
9%
Canada
32%
Jan
6%
24%
10
160%
Jan
144%
21
21
1,300
25o
new
January
Low
7%
7%
7%
Range Since
High
com—2.50
common
Alexander
Prentice-Hall
Morns
Low
Feb
Jan
103/8
Mar
Shares
1
Mining Co
6%
Apr
23%
50
75
for Week
P«r
2,400
11%
Range
•f Prices
Exchange
High
Jan
14
14
205%
20
5
4%
14
*
•
•
10c
ward A—
Heat & Power
Montgomery
Montreal
17%
10
Loan
250
Sales
uurt
Sale Price
Curb
Range Since January 1
LOW
37
Week's
Thursday
STOCKS
New York
Shares
High
36
——
Pictures common
1
Society A
—-1
Montana Dakota Utilities new com—5
Monogram
Monroe
Sales
for Week
of Prices
50.
15%
23
Feb
Mar
Apr
30%
Jan
~5%
Feb
7%
Jan
15%
Feb
12% Mar
14"%
Jan
44
;3Mar
380
—
29
7.2% Mar
250
13
—Apr
6"% Mar
47
Jan
78%
Feb
15 %
Feb
Southern
Phosphate
Southern
Pipe
Co
Line...—.
10
1
Southland
Royalty Co
Spencer Shoe Corp
Stahl-Meyer Inc
Standard Brewing Co
Standard Cap & Seal common
Convertible
preferred
Standard Dredging Corp common.
$i.6Q convertible preferred...—
Standard Oil
10
■
10%
.8
16%
163/4
17
1,100
14%
•
10%
10
11%
3,200
9%
Feb
12
•
12%
12
12%
900
7%
Jan
16
2.78
1
2%
2%
42%
42%
45
3,700
34%
10
43
45
1,500
35%
.1
7
42%
6%
23/4
7-
2,000
900
:2u
(Ky>_—.^10
2% Mar
6
28
28%
3,100
Feb
3% Feb
Feb
45%
Apr
Feb
45%
Apr
Jan
8 3/4
Feb
Feb
Mar
Jan
27%
24% Feb
28 %
24%
28%
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
Volume
NEW YORK CURB
2185
EXCHANGE
RANGE FOR WEEK ENDING APRIL 19
Thursday
STOCKS
Week's
Sales
BONDS
Lam
Range
for Week
Sale Price
of Prices
Shares
York Curb Exchange
New
Par
Standard Power &
Common class B
Low
New
Curb
Exchange
Interest
High
LOW
Period
Thursday Week's Range
Last
or Friday's
Sale Price
High
103
103%
2
111% 111%
35
5%
16,200
3'/a
Jan
67/a
Jan
.1961
J-D
5%
6%
3,300
3%
Jan
7
Jan
.1970
J-J
111%
Feb
160
.2024
A-0
123
123
123
123
124
.1953
J-J
102
102
102%
46
101%
104%
195k
MS
104% 105%
4
103%
105%
.1964
US
107% 107%
1
107%
108
1957
J-D
109 Va 109%
20
108%
110%
I960
M-N
119% 119%
1
1963
A-0
1970
J-D
1948
J-J
155
III1
153
20 %
155
20
60
21%
1
138
Jan
18%
Apr
23%
Jan
Associated
1%
2,700
~
Jan
4%
Feb
Assoc
Atlantic
1
~7%
~7Va
7%
2,200
6%
Jan
9%
Jan
1
10 Va
9%
10%
4,100
7%
Jan
14%
Elec
4%s
T & T deb 5%s A
of Canada
72%
Jan
Feb
76
City Elec 3%s
1st
M
5s
aeries
B
58 %
59%
550
29
Jan
60 %
Apr
42%
48%
2,000
24
Jan
48 %
Apr
Bickford's Inc
30%
Aluminum ProductsSterling Brewers Inc
Sterling Engine Co
Sterling
30 Va
31
800
18
Jan
31
Apr
Boston
7% Mar
10
Feb
{ A Central States Electric 5s
8%
8V4
8
7
series
C
6%s
Edison
2%s
—
—
109 Va
—
—
8V4
12,800
8%
Jan
1954
M-S
16
15%
16 Va
3,900
11% Mar
16%
Apr
§ A Chicago Rys 5s ctfs (part paid)_1927
M-S
20%
20
20%
550
18% Mar
25
Feb
Cities
1966
2%
100
1950
F-A
2%
2%
Apr
3%
Jan
45
41
45
4,800
32
Jan
45
39
40
700
x38
Mar
48
Jan
51
Apr
%s
Service
deb
Conv
Apr
39
A5
13
105
105%
105
106 %
91
67
51
27%
28%
1,450
28
Jan
26
Mar
34%
Jan
14
41%
—
Jan
5s
Called bonds
Mar
15%
Feb
5s
1958
A-O
Debenture
5s
1969
A-O
Gas El Lt
Consol
3%s
Cement, Inc—
28%
—"
775
II
Finch Oil Corp
series
Texon
10
9%
600
10%
Jan
36%
1,100
32 % Mar
37
26%
6,900
23
Feb
29
Apr
117% 117%
20
Apr
122
Feb
10%
2,500
87/a Mar
27%
117%
9
-—50c
Oil & Land Co
Textron Inc
10%
97/a
20 Va
20 Va
21
10,300
40%
41
100
24%
26
3,700
117%
1
Roofing Inc
Realty & Construction..
Allied Stocks—
Tilo
25%
1st mtge
1st
4s
7%
77/a
700
2V2
1%
"2%
2,000
10%
Jan
Elmira
17% Mar
24
Jan
Finland
37
Mar
43
.100
114% 114 %
.100
16
Jan
26
Lt
Apr
Water
RR
&
10
A General
Grand
Feb
9%
Jan
Jan
14%
Feb
Grocery Store Prod 6s
Guantanamo & West 6s
2%
Jan
3%
100
Jan
142
Jan
111%
Feb
114
Jan
116%
Mar
Jan
6s
3
Apr
4%
Feb
Indiana
6%
Jan
9%
Feb
1st
51%
52%
3,100
Feb
52%
Apr
5%
4,700
Jan
5%
Feb
50
4%
26
IV/2
11 %
11%
225
16%
1,000
400
42
13
113/4
3%
13
6,200
800
4
9%
9%
10%
2,000
9Va
•
Investment Co
8%
9'/a
200
•
3%
20
30
15 %
Feb
Feb
14%
Jan
10% Mar
Jan
17%
Products
Jan
Aircraft
Chemicals
United
23%
24%
Gas
United
Corp
Milk
11%
1%
8%
Feb
Feb
63%
Apr
22% Mar
29%
Jan
11,600
Jan
700
32
Feb
48%
8,400
Jan
21%
Apr
48%
21%
31%
11,900
20%
30%
30
30
Jan
2%
Jan
99% 100%
100
130
25%
Feb
31%
Jan
47
Products
preferred
Jan
60
Apr
Feb
Mar
95
100%
United Specialties common
class B
Foil Co
U
S
U
S
U
Graphite
Apr
12%
Jan
84
47%
47%
48 %
110
46%
Jan
48%
Feb
23%
24%
16%
250
5%
5%
2,100
15%
14%
•
60c
9
10
10
•
6
6%
common
Wallpaper, Inc
Consolidated Oil
Universal
Insurance
Universal
Produces
Utah-Iaano
Power
Co
sugar
•
& Light common
lOo
1
Utility Equities common
15.50 priority stock
3,900
23 Va
1
United Stores
1,600
16%
23 %
8
Reclaiming
Rubber
23%
—
10%
247/a
Apr
Jan
Jan
27%
Mar
17%
Feb
Jan
7%
Jan
Mar
95%
Feb
17
Feb
3%
89
15%
1,500
12%
Feb
4,100
4%
Feb
2,600
5
9,700
9
Apr
77/a Jan
Jan
12%
Jan
22
27%
27%
25
49%
49%
150
6'/a
5,700
Va
5%
24%
24%
43/4
....
102
102
25
43/4
102
Feb
24%
Jan
28
Feb
36
Jan
49%
Apr
5%
23% Jan
Jan
7%
Jan
3,900
21
Feb
25%
Apr
400
4
Jan
Feb
75
100
Jan
5%
104
Feb
V
Yfttepar Corp
$4
1
common.
convertiole preferred
117
5
Venezuelan
Vogt
11%
11%
——
1
9%
•
Petroleum.,
Manufacturing
19%
9%
18
12
2,000
117V4
60
9%
1,400
193/4
900
10% Mar
109
8%
15
13%
Mar
145
Jan
Jan
Jan
12%
Jan
Feb
19%
Apr
Aircraft
Co
•
Wagner Baking voting trust ctfs ext..*
7%
preferred
Waitt & Bond
Class
Ward
II
Co
34%
•
Watch
8%
Coke
Williams
WMson
(R
C)
&
Products
Wn.venne
Portland
Cement
Wood all Industries Inc
Woodlev Petroleum
Woolworth
American
6%
wrleht
For
fF
W)
24%
8,200
6%
2,350
64%
600
1.2B
10%
•
114 Va
8
footnotes-
6%
Jan
9%
Feb
19%
Feb
32%
Apr
22%
10%
1,800
114% 114%
10
9%
30
6%
114
Jan
Feb
39
Jan
Feb
10% Mar
22
5%
49
8%
24 %
Apr
7
Feb
Jan
64%
Jan
10%
115
112% Mar
Apr
Jari
Apr
Jan
Apr
16%
15
16%
8,600
16%
12 % Mar
40%
50
Apr
33%
155
Feb
Feb
Apr
49 '
Mar
42%
23%
250
40
Jan
22%
100
22%
Apr
20
20
20
50
16%
Feb
20
Jan
22%
25
300
35
.Apr
21%' Apr
55
25
29
Jari
31
31
31 '
300
20
Feb
31
29
29
33
575
18
Jan
33
Apr
Apr
13%
)
13%
13%
100
16%
Jan
1
-10
10
12 Vs Mar
111
,_100
9
9
9%
200
8%
Mar
-
'24%
receipts.
see
page 2188.
——1957
1952
1968
6s
111% Mar
Jan
11%
Jan
14
Apr
17%
Jan
10"%
Feb
16
Apr
8B
17
17
100
15%
Jan
17% Mar
76
1
24
*62%
81%
76
92
104%
107
Gas Light 4%s
series
4%s
A
Amsterdam
New
Gas
4%
Feb
Jan
7
108%
105%
101%
102%
73%
*105%
71
—
*105 Va
—
105%
105
105%
102%
--
8
*103% 104 %
106
103%
2
105
105
105
*105% 107%
—
105 V4
107%
--
108 3/4
51
2
48
65
48
59%
53
53
2
46 Va
65
48
60
48
63
55
51
51
M-S
M-S
J-D
M-S
4
47
New
Nev
1003/„
99 %
20
95%
99%
50
55 Va
98 Va
*46
52
--
32
104% 105%
1053/a
*114%
104%
—
1
$103
21
106%
103%
Power 3%s
England Power Assn 5s
England
Debenture
N Y
State
Y
N
5%s
Elec & Gas 3%s
10
7
106
108%
106% 106%
—
76%
106 %
1
106%
107%
3
112%
115
114
—
114
70%
Feb
6% Feb
*104%
105
__
100%
100% 100%
51
100%
100 %
100 "2
7
M-N
1003%
100 5/8 101 %
26
$1073/4
102
1013/4
101 Va
101%
107 Va
108 5/a
U
101
105
30
'v'-
103%
1053/a
106 Va
107 Va
2
101%
103
4
$106% 108
—
105
a
99
__
•
1033/a 104
M-N
98 7
9834
__
1013/4 102
1013/4
78
45%
__
102%
Va
North Continental
Power
1st
Ohio
Public
Park
Service
Power
4s
Light
&
5s
Lexington 1st mtge 3s
Pwr 4%s
Penn Central Lt &
1st
5s
J-J
1955
1964
1977
1979
3s
mtge
Pacific
1948
1968
1971
1962
series A
A5%s
Ohio
Utility Corp—
(part paid)
1st mtge 3V48
104
76
—
J-D
J-J
106%
102%
--
M-S
1964
2004
Westchester Ltg 4s
&
111%
105%
106
106
M-N
A-O
115%
109
106
—
107
—
114%
*110
—
103%
__
__
114% 1143/4
1143%
J-J
1948
1954
5s
60
26
—
J-J
J-J
__
102% 103%
99%
M-S
2
51%
$50
J-J
J-J
103%
105
51
102 %
1961
5s
deb
75
105
102% 103
J-J
1948
1947
1948
1950
5s
El Assn 5s
New Eng Gas &
Conv
62
107%
104%
__
73%
—
8
__
*101%
73%
A-0
6s
60%
__
108% 108%
t104 3/4
51%
1963
1967
1981
2022
F-A
A-0
A-0
F-A
108
81
1
*106%
J-J
101
2
101
103
1
105%
106%
101
1053/4 1053/4
.
J-D
106
106
16
106
107%
J-D
102
102
29
101%
104
167
172%
M-N
171% 171%
A-0
*106% 107%
1979
1952
1951
1951
1965
1970
J-D
105%
106
101
2
107% 108
34
M-S
*104
101
US
108
98%
107
105%
109 J
*106%
105
105
108%
115%
108%
108%
104% 104%
104
105
85 %
78
96
1989
—1980
'*
A-0
3Vas
*41%-
J-J
1949
J-D
1959
(Maine)1952
Utah Power & Light Co-TV>hpn»nv<> «•» ttorifit A
i>"
A-0
1968
*108%°
105%
M-N
114
114
90
M-S
J-D
.2030
A-0
.1900
J-D
Western
48
.
48.1
107%
> v'
107%-107 %
.1964
—
40%
"
103% 105
107%
.1954
R*
--
F-A
Wash Water Power 3%s
Electric 5s-
•>.
-105%-105%
"
»
Newspaper Union—*
6s conv s f debentures—-i
49
40%- 40%
A-0
—2022
.
'40%
1
Waldorf-Astoria Hotel—
A 5s
income
debs
Traction
85
J-J
1948
a
United Light & Railways
uBs series A
Penn
__
*
-
Stinnesr (Hugo)
Penn
1
..
J
Corp—
Electric N J 4s
JiL
United Light & Power Co—
1st lien & cons 5%s
108%
*106% 108
Corp Inc 5s
—1940
103
101%
J-J
(AG) 5s—.
Industries—
jiA7-43:2nd stamped
126
A-0
M-N
stamped
■
103
*114%
A 7-4s 3d
108%
125
*126
J-D
A-0
107
104%
17
105
105
*108%
3%s
108
113
53
F-A
Ry 2%s
108
107%
106%
1063/4 107
J-J
M-S
87
105 Va
__
*106% 107 Va
107
J-J
Stinnes f (Hugo 1
West
107%
104
26
1971
1994
1970
mtge 3s
Southwestern Gas & Elec
1
104%
90
105 % 105%
105% 105%
1952
Southern Indiana
Spalding
106%
105%
Gas & Electric—
4%s
Ban Joaquin Lt & Pwr 6s B
ASchulte Real Estate 6s
Scull in Steel Inc mtge 3s
Southern California Edison 3s
Southern California Gas 3%s
Southern Counties Gas (Calif)—
106%
103%
105%
F-A
108 Va
104%
2
104% 104%
J-D
1970
Elec Power 5%s
1972
Portland Gas & Coke Co—
5s stamped extended
1950
Power Corp
fCani 4%s B
-1959
Public Service Co of Colorado—
1st mtge 3%s
—1964
Sinking fund deb 4s
1949
Public Service of New Jersey—
6perpetual certificates
—
108
106
1
25
104% 105
*87 Va
4 6 3/4
107
10
%
107 Va 107%
mmmm
M-N
3%s
1st
107 Va 107
mm mm
—
M-N
Philadelphia
Queens Borough
5%s series A
46
46
J-J
Pennsylvania Water & Power 3%s_1964
West
7
13,800
129%
—
1968
United
1,600
5
128%
72
104% 105
104%
J-J
6s
Extended
TdledO tfEdisoD
16
4%
I07;i1
——
1952
Valley RR—
at 4 %
to
Midland
Milwaukee
Feb
15
£1
T.td
1957
F-A
Apr
1
.9
49%
105%
_
1956
Feb
40%
22%
41%
39%
3
J-D
4%s
McCord Corp deb
•
140,
40%
11
1129% 130
J-D
AStarrett
Ltd-
deposit
preference
Wnrcronvpc
400
6%
II
W'r.nipea Elec common B
Wisconsin P & L 4% % pfd.
450
8%
62%
Co
Inc
34%
6%
-
Wichitji Rtver OH Corp
7%
63%
Wester* Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery cow
•
Westmoreland Coal
20
Westmoreland inc
10
Wfvpnberg Shoe Mfg_
Whitman (Wm & Co
33
22 %
West Texas Utilities $6 preferred
&
1,500
„B
Knitting M*lls
'"^m-wnrth Manufacturing
Coal
323/a
400
—III
Baking Co warrants
Va
30%
7%
113% Mar
•
Wavne
West
31%
6%
100
class A—
B.
Waltham
6%
43%
F-A
Safe Harbor Water
w
Waco
M-N
11957
6s
Superpower
F-A
1966
2022
Kansas Power & Light 3%s—-—1969
Kentucky Utilities 4s
1970
6%
Feb
10 3/4
—
6
18%
15
6%
6
10V4
Feb
18%
6%
5
6%
625
94
75%
42
J-J
.1958
.1955
5s—
Kansas Gas & Electric
Jan
23%
J-J
Jersey Cent Pow & Lt 3%S
Kansas Electric Power 3%s
Jan
78%
1
.
common
Radiator common
Utah
Jan
10%
91
Universal
Mar
4%
4,125
93
United
292
83%
1%
S
Jan
2% Mar
81%
Securities
•
$5 1st preferred with warrants——•
U S
900
83 %
and International
U S
3%
1
common
Preferred
126
Feb
25
Machinery
Shoe
United
3%
9%
10
25
preferred
10 %
Jan
284
100
25c
Sharing
Profit
120%
75
J-D
1952
Power
Debenture
•
8%
Amer
United
108%,
106% 106%
M-S
F
Nebraska Power
dep rets ord regis
United NJ RR & Canal
1
110
105
1
121
121
__
J-D
A-0
(July 1941 coupon)
Altallan
Ltd—
Co
Molasses
United
109%
107%
2
107% 107%
J-J
Apr
15
1%
19
.—7
common
105%
*107% 109
J-D
Jan
Jan
8% Mar
Mar
46%
participating
$3
Jan
P &
series
Interstate
Jan
1
1%
..10
Railways
United Light &
Jan
5%
13%
27
United Elastic Corp
United
4,900
25
common
warrants
corp
13%
Jan
8% Mar
3%
7%
1
United
11% Mar
59
.100
United
3
105% 105%
TR
A-O
L 3V4S
International Power Sec—
A6%8 series C
A6%s (Dec 1 1941 coup)
A 7s
series E
A7s (Aug 1941 coupon)
A7s
.100
Canada—
of
Gas
Union
107
76
A-O
1957
1950
—1963
1970
5s
Service
Indianapolis
U
Union Stk Yds of Omaha
—
107%
ms
Jan 1949
5%s series B
lien & ref 5s
A7s
Union
106%
105%
Co—
Power
1st & ref
2,300
.10
104%
3
42
Jan 1949
B
series
Illinois
2,300
—1
18
Feb
Trunk West
7%
16%
—
158
106 Va
107
75%
1950
1963
Green Mountain Pow 3%
3%
47/8
Corp
Manufacturing Co
102 JS
102%
105
J-J
1958
Jan
Jan
7
7%
25%
Unexcelled
102
73
107
—
M-S
1953
19%
71%
..10
Udylite Corp
men
Realization
102
106
M-S
1948
Rayon Co 6s ser A
4s
Jan
Apr
3
1
J-J
1969
A
Power
IV2
Tung-Sol Lamp Works
80c convertible preferred
104%
1961
3%s
Gatineau
3%
Inc
Trunz
103
Bank—
Residential Mtge
1
warrants.
Tri-Continental
101
1956
5s
stamped
1
Transwestern Oil Co
103 Va 103%
Feb
108
200
137
135
137 %
Shipyards Corp
Edison 6% preferred
7%
preferred
Tonopah Mining of Nevada
Trans Lux Corp
Toledo
106%
103 %
1965
Hygrade Food 6s ser A
Todd
104%
1993
1993
B
3%s
ser
14%
7%
Exports
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis
Amer dep recs def reg
A-O
4s ser A
mtge
15%
-
Product
Tobacco
66%
2
J-D
4%s
64%
1
Tishman
Tobacco &
J-D
1954
ser P
Eastern Gas & Fuel
5s
.—5
Shovel Co common
Thew
109%
137
Lackawanna of N J Division—
Jan
28%
•
7$ pfd
8% Mar
36
36%
100
Technicolor Inc common
82
67%
105 3/4 1053/4
Delaware Lackawanna & Western RR—
9%
——X
•
Taggart Corp common—
Tampa Electric Co common
1971
1969
1076
N
ref mtge 2%s ser Q
Consolidated Gas (Bait City)—
1st
Gen mtge
T
108
(Bait)—
& Pr
ref mtge 3s
1st
80%
102 U
5s
Debenture
•
—1
108%
63
105
115
105
108 %
6734
119%
113
108
M-S
Jan
117%
*113% 114%
105
Stetson
Inc
(J B) Co common—
Stinnes (Hugo) Corp
Stroock (S) & Co common—
7%
400
5s
Sterling
Common
111%
Telephone of Canada—
48 %
(A) & Co common
Sterchi Bros Stores common.
Stein
Sunbeam
109%
2
Feb
—
Power & Light
High
104%
4%
6
^
Texas
Low
101 Va
No
5%
Bell
Swan
Range Since
January 1
Sold
Low
•
__
Corp
Bun Ray Drug Co
Superior Portland
Bonds
Bid & Asked
Par
High
I
Light
preferred
Standard Products Co
Standard Silver Lead-.
Standard Tube class B
Starrett (The) Corp
Steel Co
York
Range Since January 1
114 Va
Hn
ilA'
joU
6
10/h
^()f%-io;9%
114
116
110%
108 Va
65
72%
6
83%
107%
110%
1
108
108%
129 "
122
123%
105
101%
106%
90
108% 108 Va
,*123
90
"
1959
F-A
105
2186
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April
22, i94(
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENBiNG APRIL 1!)
W
BONDS
New
Foreign Governments & Municipalities
BON OS
New
York
Curb
Interest
Last
Period
Sale Frioe
Low
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1940
A 20-year 7s
Jan 1947
Hogota (see Mortgage Bank of)
ACauca Valley 7s
—1948
5%s
Danish
Range Since
Sold
—
$27%
—
1955
M-N
F-A
30%
$94%
$26
787a
80
a
External 6V2S
stamped—-—.1953
(Peru) 6%8 stamped-1958
J-J
—
M-S
22%
A5%s
94
32
"I
Government
stamped
21
23%
Cash
sale,
x
AMedellin
.2008
.1951
7s
stamped
Mortgage Bank of Bogota—
M-N
J-D
1927)—.— —1947
A7s (issue of Oct. 1927)
—1947
A7s (issue of May
A Mortgage
~2
35%
35%
—
—
$51%
J-D
January
L°W
i
lHgh
90
%
371,2
J-J
2012
4iy2
411/2
4
.1919
J-D
10%
ioy2
11
39
ioy2
10 %
11
37
57
J-J
40
4p
7V4
141
7%
?
14
Deferred delivery sale,
a
d Ex-Interest.
«
Odd-lot sale,
n
Under-ths-rula
Ex-divldend.
ma
sales being transacted during current week.
no
being traded flat.
flEx liquidating cash dividend of $22.50, plus stock distribution.
$28
333/4
35 7a
507a
517a
507a
$51%
—
A-O
—1931
Bank of Chile 6s
35%
Range Since
SReported In receivership.
$42
M-N
$44
{Thursday's bid and asked prices;
(Plan A)
Interest reduced to 27es—
M-S'
95
1931
a Bonds
Maranhao
J 93
No.
A)
6%s_
—
•No par value,
r
22%
J-D
2008
2Vas
Rio de Janeiro stamped (Plan
Interest reduced to 2%
ARus3ian
Danzig Port & Waterways—
ALlma City
to
1973
Sold
High
96
89
27
29
Interest reduced
Bonds
Bid & Asked
277a
94
~6
92
Sale Price
High
787a
267*
96%
92
Low
80
—
$80
J-D
Mortgage Bank of Denmark 5s
Parana stamped (Plan A)
January 1
No.
High
$80
—
J-J
1953
——
5s
Extended
A-0
Thursday Week's Range
Last
or Thursday's
Interest
Exchange
Low
Bonds
Friday's
or
Bid & Asked
Curb
Period
Friday
Exchang*
York
517a
tive; "conv," convertible; "M," mortgage; "n-v," non-votlhg stock; "vtc,"
voting trust
23%
"w i," when Issued;
20%
Abbreviations used above—"cod,"
certnicates of deposit;
"w w," with warrants;
"cons," consolidated; "cum,"
cumula¬
"x w," without warrants.
oertlficateij
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING APRIL
Exchange
Thursday
Week's
Range
of Prices
Shares
Arundel Corporation
Bait Transit
Preferred
•
Co common
t
v
t
v
100
Pa
20
RR
8774
1.017
178
178
109
3
24
168
Apr
Jan
3
100
High
297a
Apr
8 74
Apr
Feb
Feb
87%
28
178
3
43/4
28
310
8774
Jan
25
520
87a
41
41
New
20
Amsterdam
Northern
Casualty
Central
2
50
& Guar
U S Fidelity
Ry
50
37
357a
357a
52%
37
87 74
178
310
Jan
317/8 Mar
new
Pennsylvania
RR
Low
13
Button
Apr
Reece
Folding
Apr
4
Jan
37
Apr
37
Jan
40
111%
Jan
115
Apr
53
115
47 3/8
Jan
54
Apr
c
common
12
25
Hole
Machine
&
Webster
Suburban
Elec Securities
Twist
United
Drug
4%
15
Fruit
Inc
5
Co
*
United Shoe Mach
common
23
3
U S Rubber
1979
927a
93
$3,000
87
Jan
94
Apr
U
S
453/8
Apr
46%
41%
Apr
Feb
47%
Feb
350
37a
Jan
6%
Feb
17%
Jan
4%
15
395
1472 Mar
2%
1,050
1
17%
177b
17%
656
17
22%
22
23%
339
18 7a
9
9
35
%
Apr
Vermont
Waldorf
&
Mass
Ry
50
com.
Co
100
System Inc
•
Westinghouse Electric Corp
Feb
Feb
23%
Apr
7
Jan
Mar
43%
Jan
Jan
47%
Apr
4172
403/a
4172
172
39
46
47
958
38 %
37
38 3/a
1453/s 149%
Week's
Range
245
25%
Jan
38 V2
Apr
1103/s
Jan
1535a
Apr
83%
1,050
787a
Jan
8374
Jan
753/n
76 3/8
35
643/8 Mar
77%
Apr
73
8374
1,244
81%
147
Sugar Refining
Shares
American
Tel
&
Tel
American
73%
70
67%
83%
Copper
Boston &
387a
57%
115
49% Mar
191 % 19472
2,060
185%
Feb
195 7e
Feb
pfd
Feb
&
:
1st
1st
preferred
1,723
289
460
37
Ry
preferred
Lines Inc
Public
National
common
Service
Stores
Loew's
Bakeries
5%
Mass
class
Hole
Mach
17
5
505
186
10 3/a
Feb
67
Jan
91
Jan
1472
Jan
20%
Jan
American
Tel
&
&
Co
Service
Tel
Co
RR
common
5
Jan
Barlow
Jan
2274
Jan
Bastian-Blessmg
15%
18%
t c—
6
175/a
140
1874
7274
18
72
15 78
Apr
20
Jan
14
Jan
23
Jan
130
17
Feb
20
Jan
170
56
Jan
73
Apr
107s
107a
400
345%
_I
II
II
3674
114
2
113/8
2
12%
100
450
874 Jan
267a
Feb
1% Mar
11%
Apr
50
99
Jan
500
70
Feb
12%
Feb
363/4
Apr
3
Feb
14%
Feb
Seelig class A
Mfg Co
Co
J3
com
5
common
Low
81
79
81
100
672
77a
405
6
Mar
110/2
11072 11072
125
1037a
Feb
135
135
115
Jan
67a
135
65
1037a
81
10
1
capital
1
1
preferred
New England Tel & Tel
North Butte Mining
Borg
(George W)
Borg-Warner Corp
Brach & Sons
Brown
Fence
Corp
10
;
common
5
(E J) capital
& Wire—
12%
135
Piston Ring
Burton-Dixie Corp
40
437a
180
30 72
Jan
437a
Apr
187a
1972
475
1872
Apr
25
J an
4174
136
40
Mar
46
403/4
403/a
65%
4174
260
Feb
413%
Apr
6574
Apr
363
54%
Jan
487a
1,231
44%
Feb
42%
934
207a
18
2174
1,415
7,565
3 i/a
19
27a
19
3
3
372
19
120
227a
Jan
1072
Feb
15/s
Jan
17 72 Mar
515/8
4 2 3/4
Apr
2174
Apr
372
19
Apr
37a
70
3
Jan
4%
Feb
583/B
498
48
Jan
48
583/8
Apr
90
46
Jan
48
227a. Feb
II
2074
20%
50
1874
Jan:
127a
137a
365
11%
Jan
52%
52%
55
500
49
Mar
3
400
3
2%
Apr
Mar
14% Mar
56% Jan
4
..''Feb
34%
34%
65
297a
Feb
76
I—IIIIII*
76
50
36% Apr
71
Jan
77%
I
30
29
30
22%
223/a
23%
j
^
1
1%
1,719
300
•
3,670
Convertible
Central S
17
Jan
20%
Feb
1
Mar
Pub
Secur
W
lien
common
Serv
Corp
$6
,10
pfd
•
common
preferred
Util common
•
.•
Central
States Power & Light
pref
Cherry Burrell Corp common
Chicago Corp common
Convertible preferred
5
•
Feb
30
Apr
25% Jan
13A Jan
Chicago Elec Mfg class A pfd
Chicago Towel Co conv pfd
Common capital
Chrysler Corp
•
common
Commonwealth Edison
Consolidated Biscuit
Consumers Co-
common
common
Common partic shs vtc class B
Container,Corp of
America
Decker (Alf) & Cohn Inc
com
com
10
*
25
1
*
20
121
129%
2.50
1%
120
121
1293/a 130
17s
13/s
55
350
6,025
76
127
75c
Jan
132
Feb
1337»
Jan
Jan
274
Feb
Mar
Eddy Paper Corp
(The)
Electric Household Util.
Corp
•
50
7
Jan
19%
Feb
20% Jan
9 3/a Mar
13% Jan
10% Jan
19
11%
12
110
42
42%
227a
24
24
1374
25
147/b Feb
Feb
25
134
Feb
1853/4
193%
Jan
12 5%
Feb
Jan
15% Feb
Jan
7%
Feb
Mar
57a
15
19/2
Feb
67a Mar
9% Jan
700
21
Mar
Feb
1257a Mar
400
203/4
8% Jan
14% Feb
21%
Jan
Jan
100
197a
34%
Jan
42%
Apr
250
22
Mar
26 3/4
Jan
1374
13%
950
12% Mar
17% Feb
25
257a
700
207s Jan
27% Jan
31%
31%
100
29
35% Feb
2,950
Feb
Feb
17%
173/a
1874
153/4
Jan
55
55
55
100
46
Feb
55
Jan
44
50
950
4072 Mar
50
Apr
10 3/4
11
350
12
Mar
44
44
50
15%
__
31%
__
110
74
9%
39
Jan
Mar
22
45/2 Jan
15
15%
1.200
20
22%
400
22
Apr
27%
Jan
Jan
30
31%
600
2572
Jan
32
Jan
46
50%
600
33 7a
Jan
5012
Apr
110
110%
300
4%
350
4 3/4
2238
23
11774
12 74
12/4
11774 119
195 7a
195
550
200
10 3%
xl07
Jan
Feb
3% Mar
21
Jan
1074
1674
113
534
25
Jan
Feb
Feb
1374 Jan
300
115
Jan
Feb
124/2 Feb
1967a
1.550
184
Jan
198% Mar
16
21%
167a
270
13
Mar
16% Jan
2034
21%
400
20
Jan
22
Feb
10% Jan
Jan
65% Mar
107a
93%
10%
49.150
8
65%
6574
65%
500
59
277a
117
91
117
8272
132
3/a
277a
Feb
32
Feb
Jan
27%
520
117%
91
70
115
Jan
670
79
Jan
91
Apr
Apr
134
200
120 3/4 Mar
140
Jan
117%
26%
Feb
11 74
10
11%
700
7 Va
Jan
35%
3534
353/4
3.000
3174
Feb
1974
1974
20
150
17
Feb
Apr
11% Apr
35% Apr
25
Jan
26
22%
26
300
20
Jan
26
Apr
43%
43%
100
40 74
Jan
44 1/2
Jan
26%
Jan
367s
—
,347a
25
367b
600
6%
747a
5
—
253/a
100
23
Jan
14
14%
650
12
Apr
30
.
IJoo
672
1.500
High
173/4
16
4.550
11%
10
Dodge Mfg Corp common new
.10
Doehler-Jarvis Corp
5
Domestic Industries Inc
class ~aI—IIIj
6
16%
21
5
Cities Service Co common
Club Aluminum TJten Co com
15%
53/8
167a
•
»
*
143/4
6
*
1
20
157a
50o
preferred
600
1.000
16%
•
Preferred
12 5/8
23%
300
1
Apr
48
*
111
Feb
563%
12%
12 72
—.10
(A M)
Illinois
Central
Prior
657a
387/a
Feb
32 7.
47
42%
Castle & Co
Central
647a
1
:
Apr
19%
40%
common
123/s
23
1927a 1935/a
5
Brothers
100
192%
-r
Butler
1072
12674 126%
23%
1
Jan
40
500
12674
—
common
Burd
Low
18 3/4
167a
107a
10%
—•
Feb
7%
115
43%
II"
Feb
Range Since January 1
High
18 3%
5
Feb
Apr
•
3
Cos
Jan
20%
39% Jan
Sales
16
•
Bliss & Laughli'n Inc common
Bruce Co (E L)
New England Gas & Elec
Assn
Binks
&
Common
1003/4 101
l
I
Rac'g Assn Inc
Service
157a
16%
100
IIlOO
.
v
Works
32 7a Mar
Shares
8
Belden Mfg Co common
Berghoff Brewing Corp.:
100
18
442
155
for Week
1
4
Automatic Washer common..
Aviation Corp (Delaware)
Jan
411
• :
.100
Asbestos Mfg Co common.—.
Athey Products capital
21
I_I_25
common
Associates
Alkali
„•
'
pfd
capital—100
21
I__IT*S0
Nash-Kelvinator
5%%
Public
Jan
•
pfd
Theatres—.
Mergenthaler Linotype
National
87a Mar
American
Apr
15
preferred
Narragansett
87a
80
—5
cominop.
Allied Laboratories, common
133/4
IIHo
Co
Copper
Central
Util
Jan
•
A
Copper
Corp (Del) 6%
Mathieson
43 7*
Apr
16
•
Boston
Maine
Feb
•
Kennecott
Lamson
Apr
148
16
•
B
Button
Jan
847a
Advanced Alum Castings—
Aetna Ball Bearing
75
•
Electric
Royale
4972
Feb
100
Gillette Safety Razor Co
Isle
Mar
Apr
69
1
Int'l
Jan
44
80
2474
17%
Engineers
Class
136
100
A
adjustment
Hathaway
207
Mar
18
•
First
23
100
common
series
135
35
Week's
1
16
100
Jan
20%
Range
*
common
16%
Employers Group Assoc
General
1,095
Corp
177a
•
preferred class B
SS
872
77
1572
5
6% preferred
Eastern Mass Street
Eastern
42
Apr
common
16
25
Gas & Fuel Associates—
prior preferred
pfd
24%
Admiral
152
Mfg
16
10
Jan
20
of Prices
--
Service
5%
41/2
8/2
79
100
Hecla
Mining Co
Copper Range Co
1st
233/4
146% 147
Jan
D)
17/8
_»
Cliff
6%
41%
100
Personal
Prop Trust
Boston & Providence RR
6%
143%
84
100
Stamped
4%%
5
49
100
class C
Eastern
151
(J
100
preferred
151
34%
par
Adams
100
class B
&
Feb
83
100
1st preferred
31
Last
Armour
stamped
Stamped
Calumet
517a
47%
•
Stamped
Boston
Jan
RR—
Maine
153
Sale Price
STOCKS—
Jan
433%
151
100
1%
56%
508
83/4
iuo
8%
47%
48%
class A
Cities
45%
24'A
prior preferred
5%
Jan
146/2
Herald Traveler Corp
Boston
2074
Thursday
58% Feb
30%
25
Boston
153
127a
Jan
170
100
Ry
45 7s
49%
100
Edison
Mar
45%
•
Elevated
Common
49%
100
JLnc
Boston
7%
1923A
50
Albany RR
Boston
High
137
537s
•
Bigelow-Sanford Carpet 6%
Bird <K Son
Low
447s
100
100
153
Apr
Chicago Stock Exchange
Range Since January 1
High
44%
Woolen
Anaconda
Low
—*
...
--
for Week
of Prices
Par
American
Apr
Sales
Last
Sale Price
Agri Chemical Co
9
Exchange
Thursday
American
Jan
19%
III'MII
Boston Stock
STOCKS—
4
Feb
4672
10
Smelting Ref & Min
Apr
310
Bond*"—
Baltimore Transit Co 4s
16
723
1%
38/a
High
Jan
46%
15
—
•
5
Low
1,350
43
8
4 %
#
com_.
Drill—
United
'
*
m
Inc
Torrington Co
Union
45 3
13 74
423/8
10
Shawmut Association
72
46 7a
*
Mach
Range Si;
High
43
50
Quincy Mining Co
Reece
115
5274
Shares
100
Mills
Stone
Feb
16 72
289
357a
35
115
—
Pacific
Apr
Mt Vernon-Woodbury Mills—
Common
for Week
Range Since January 1
Low
297b
7
39
Range
of Prices
Par
Old Colony RR
High
2872
7 7a
39
*
com
Fidelity & Deposit Co
Maryland &
297a
•
c
c
Consol Gas E L & Power
Low
Sales
Last
Sale Price
for Week
Sale Price
STOCKS—
Sales
Last
Par
Week's
Thursday
Baltimore Stock
STOCKS
19
30
6 3/8
74^
26%
100
36%
16
Feb
2874 Mar
313/e
Apr
Jan
8%
Feb
57a
6%
2.850
74%
2774
120
487a
Jan
74/2
Apr
500
217a
Jan
28%
Feb
THE COMMERCIAL & FINANCIAL .CHRONICLE
Number 4483
163
Volume
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING APRIL 19
Thursday
Week's
Last
STOCKS—
,
Par
Nat Watch Co
Elgin
—15
new.
Sales'
of Prices
Low
29%
291/a
Shares
^Ranrct
High
29%
January 1
Low
29
350
STOCKS—
High
Apr
29%
Apr
Connell Dredge &
Simons &
Co
Dock
17
Mills oi America Inc
Four-Wheel Drive Auto
—_i5
10
1'/4
Flour
17
17-
100
9%
9%
9°
.15%
,161
15%
350
.16%
for Week
Shares
1.750
Jan
9 % Mar
1115%
18
Feb
10%
Low
l
35%
tow
.
Hick
100
Jan
78
Apr
200
35
Apr
36
'Apr
Feb
,67
Feb
20
Feb
•28
Apr
*
*
74%
35
35
58%
59%
33 Va
Pure Oil Co
Range Since January 1
High
74%
Pullman Incorporated
common
Sales
-Rang*
of Prices
Par
Paramount Pictures Inc
PepsirCola Co
Fitz
Week's
Ult
SalePrlce
Thursday
for Week
Range
Sale Price
Feb
Apr
27
Feb
Jan
33 V4
Feb
(The)
common
Radio Corp of America common
28
*
25%
28
1.800
General Candy class A
General Finance Corp common
5
.1
28
23
15%
28
AO
Corp common
Gibson Refrigerator Co common
Gillette Safety Razor common
Motors
10 %
16%
17
11%
*
Jan
23
15 Ve
Feb
19
Jan
26 Va
24%
26%
1.000
22%
Apr
26%
Apr
34 Va
33%
34%
1.100
30
Jan
40% Reb
17
Apr
y8
300
50
12%. Jan
9% Mar
10 %
Apr
Socony Vacuum Oil Co Inc
Standard Brands common
1.2Q0
70% Feb
79%
Feb
Standard
1.600
xll% Apr
is
7,5-/4
x'UTa rll%
421/4
19
80
2.000
1
•
101/4
•..74'%
1
28
150
23
23
.141/2
100
Preferred
General
28
Radio-Keith-Orpheum
Republic Steel Corp common
Brewing common
(Peter)
Fox
16%, Feb
14%
Jan
42 y4
Oil
of
15
Goldblatt Bros Inc common
Dotard Co (H • <W) common
Great Lakes D & D common
421/4
24%
1.300
Jan
1
1
250
17
Feb
27
Apr
Sunray
21% ,Jan
27
Apr
United
22 Va
Jan
25%
Jan
U S
20%
Jan
29
24%
Hormel .&
(Geo)
Co
Hupp Motors
23 %
400
24'/2
241/2
24%
•1.850
27% .;,27%
150
18%
18
400
22'/a
21%,',221/8
400
Apr
16 y4 Jan
21%
21%
22 %
340
20
Jan
22%
42 %
20
40%
Jan
43
capital
Co
32 %
140
27 %
Jan
33%
Indianapolis
Steel
Prod
Warrants
—*
*
9 VB
300
8 % Mar
10 Va
Oil
Corp
Corp
17%
21
24%
1.800
17%
Feb
24 %
41 Va
1.100
33
Jan
42%
Rubber
31%
31%
100
28 % Mar
32%
&
Co
Co
13
Jan
16 %
300
8 %
8%
8%
160
6
Jan
10
37V2
10
27
Mar
38
Apr
Switchboard common
Kellogg
•
Salle
La
Leath
Univ
Ext
&
Co
16
*
preferred
•
Libby McNeil & Libby common—_—7
Lincoln
Printing
$3.50
Co
—1
common
*
preferred
Light & Chemical com
Lindsay
18%
Field
•
Mickelberry's
Middle
Miller
Hart
prior
Inc
100
32
50%
7% Jan
18 y4 Mar
Co
Ward
Montgomery
20 %
Laundry
Products
Apr
15 % Mar
11
Prior
Standard
North
Car
American
Illinois
Northern
Participating
Baldwin
6 Va
6 Va
12
11%
Jan
2.9%
850
11% Mar
60
690
35
Feb
13
15 %
18
18
18
12
13%
Jan
24
350
17%
Jan
24
Ball
Crank
50
Apr
Cincinnati
50
104%
Apr
Cincinnati Union Stock Yards
7
17%
30
60
Telephone
34%
38%
1.350
Jan
38%
53 Va
100
30 % -Feb
53%
Apr
500
20
Apr
23%
Feb
Eagle-Picher
Early & Daniel
29%
Apr
Dow
Drug
16%
*
Apr
Mar
12
12%
217
5% Mar
12%
12%
7%
Jan
825
14
89
Feb
110
Jan
Jan
29
Mar
130
10%
Apr
Apr
115
17%
Apr
105% Mar
13% Jan
.
12 '/a
150
12
Jan
12%
Jan
25
125
19%
Feb
25
Apr
0
125
125
10
80 V4
Jan
125
Apr
*
29
6.000
20%
Jan
Formica
Insulation
9
1,200
5%
Jan
9%
15%
1.000
14%
Jan
16 %
Jan
Hatfield
participating preferred
28
29
50
100
67
70
225
16 %
16%
16%
120
25
23%
Feb
15 Va
8
92 %
94 7
class
A
0
a
Kahn
♦
12%
12%
60
8%
Apr
Kroger
•
56%
58%
257
200
72%
Jan
94%
40
Jan
72
Feb
50
Jan
Procter
&
class
19% Mar
24 %
Apr
14
16 %
Jan
Pumps
Randall
100
*
Rapid
160
29%
600
28
Jan
Jan
32
Feb
171%
Jan
185
Apr
135
Jan
180
10%
11%
3.700
6
15%
15'/a
50
15%
Apr
17%
U S
52%
52%
100
40
Feb
52%
Apr
11%
12'/4
20.500
8% Mar
12%
U
Jan
new—25
Gamble
*
B
*
*
Playing Card
Printing
10%
7
12i/4
.100
—J_10
108 %
Apr
13%
Jan
118%
Feb
23%
23, Va
350
22%. Mar
24%
Feb
43
500
41%
47%
Feb
20
Feb
-.10
32%
32%
32 %
180
30% Mar
33%
Jan
•
1
32%
30%
32 %
500
28
Mar
32%
2e%
20
20 y4
400
18% Mar
24 %
Apr
Jan
•
55
Jan
11
Mar
13 Va
Jan
Jan
61%
Apr
Jan
11%
Jan
61% Feb
70%
85
68%
321
7
42%
'
7
42%
10
44Va
56% Mar
42%
60
15
9
6
Jan
Mar
8%
Feb
32% Mar
42 Va
Apr
.
S
*
82%
82'/a
50
48
48
48
21
32%
32 %
31%
.32%
62% Mar
82%
49
Apr
Apr
Unlisted-
American Rolling Mill
Beau
City
46%
48
Jan
49%
Apr
Serriqk Corp class B common——.—1
10%
10%
10%
-200
9%
Jan
•12y2
Jan
Strap Co
•
17%
17%
17%
750
16%
Apr
20%
Ice
Cities
&
20%
19%
20 %
2.600
17%
Feb
20%
43 y2
200
31%
Jan
-43%
Feb
39%
Apr
45
35
12
34%
Crosley Motors
20%
Motors
20%
35
27%
Jan
17 Va
Apr
.18
Apr
30
28%
Apr
Jan
35
35%
8 '2
26% Mar
36
146
9% Jan
14
Apr
Jan
21%
181
21%
Apr
80
Jan
15%
Feb
75%
74%
75%
305
70
Feb
25%
28%
303
20
-Mar
*
Brands
Feb
-,12Va
10
51%
51% ,52
130
41%
617/a ,62
30
Pure Oil
Standard
36%
28% •AP1'
52% Apr
Eeb
Apr
35%
•
•
49
500
Apr
21
Fuel
Service
Columbia Gas
18
Jan
42
17%
Jan
•
28
Brummnell
General
36
Jan
Feb
42%
1171/a 117 V8
23%
_50
10%
66%
68%
Apr
a
11
Jan
Apr
Apr
10%
.—i
37
70
Jan
Apr
41 %
24 '/a Mar
65%
Apr
950
28%
10
Feb
Jan
14:
29%
56
18%
6V4
16
14%
24%
56
Mar
50
8
231/2
20
Scfywitzer Cummins capital
17%
104 % 104%
*
10
28 Va
common
Sears-Roebuck & Co capital
7%
Apr
53%
241
common—
Jan
18%
23
Cincinnati Street
300
Rath-Packing common
Mar
6 Va
24
Apr
1.900
A...
Jan
6
105'/a Apr
72
capital.!.
46%
Mar
111%
47
preferred
6
10
3.680
Co
6%
High
40% Mar
3% Jan
52
185
Electric
28
112% 113
180
Sangamo
5%
105'/2 105%
45%
class
5Vo
7%
176
RR
5%
113
184
6%
95
105%
69
Peiin -Eiec Switch
Low
45%
5
46
PeaOody Coai Co oiass B com
Range Since January 1
High
44%
Cincinnati
72
Pennsylvania
Low
45%
Cincinnati Gas & Electric preferred.100
C. N. O. & T. P
20
10
common
for Week
Shares
Apr
180
(The)
of Prices
Apr
184
Co
20
Apr
Sales
Range
51
57 Va
*
.
Apr
Exchange
Week's
0
15%
—
Mig
common.
Omnibus Corp common
18%
32
common—2
Oak
Apr
6Va
8
1
^
17
Jan
100
Parker Fen
preferred
29
—
preferred
1.850
Jan
Northwest
Bancorp
common.
•
Nor-West 0til prior lien pfd—'—"—100
7%
86% Apr
18%
—
17%
19
28
*
common
Corp
—
46
60
8 %
common
66%
Apr
Jan
Apr
National
Pressure
National
Apr
5%
7
preferred
21
com
Cooker
National
9
1.700
«
20
common
Co
3.100
100
29 %
37
Machinery
20%
common.
&
Apr
5%
'
18%
Par
American
Hobart
Chemical
11
Sale Price
STOCKS—
-10
Minneapolis Brewing Co
Monroe
Apr
9y8
1.000
5.150
vtc
common
preferred
Jan
11
10%
Last
1
—I
Food Prod com
Corp capital
West
&
$1
10%
15%
•
common
Jan
14%
xl4%
m
Marshall
Jan
12%
50 %
—
14%
600
30y2
31%
3.100
14 %
10 %
--
20 %
14 %
19%
5
common
common
Cumulative
*
Mar
37%
i
Co
34
Thursday
Apr
37%
common
Drug
21%
Feb
Cincinnati Stock
American
Katz
Apr
27%
50
common
common
Apr
16%
_
20 Va
100
5%
Apr
39 %
41%
•
pfd
400
31%
*
Jan
i/« ;^L8 %.
.
common——.__1
-1
$6
Power
Interstate
20%
Feb
9
—
10
Tool vtc new
Pr & Lt common
Pneum
Indiana
—1
20%
Feb
32
5
(new)
20%
Apr
Jan
42%
"AIL.0
class
com
75% Apr
Jan
26%
common
common
Brick
Illinois
Indep
Inc
Harvey
Hubbell
17%
Feb
1
Feb
251/2
•
common
Apr
C£> c*
Jan
251/2
—0
Inc
16
600
1
Wilson
Horders
3.600
31%
Standard Steel Spring
26
.•
Harnischfeger Corp common
_10
Heileman Brewing Co G capital—_—1
Hein Werner Motor Parts
.—8
17%
75%
Apr
25
.*
16%
73%
1
25
Studebaker Corp common
39'/2
17%
74%
*
J
N
Jan
Signqde
StAel
Sinclair Oai
cbmmon_.
Corp
South
Bend
Spiegel Inc
Works capital
Lathe
a
2
Louis Nat Stockyards capital.—...•
St
V
.47
common
1;900
36
34 %
37Va
40
39
41
200
7
2.300
Tlmken
Roller
Bearing
T.
-
Standard
Dredge—
Common
Standard
Standard O11
1
.
1
common
ind
01
capnai
10
t
.
Corp common
Storkline Fur Corp common
Corp
Sundstrand
Swift
&
Trane
6
J^in
700
16
Api-
17% Mar
45 %
1,600
Feb
45 %
8%
Feb
Wu
43%
6
22
22
22
100
20% Mar
24%
23
24%
500
21
Jan
26% Mar
150
v38
Mar
10
...*
common
Machine Tool
Co
200
16%
6%
16
371/4
common
capital..—
39%
39%
39%
9
28%
27%
29'
——25
Akron
Brass Mfg
48%
Feb
Allegheny
(The)
208 South La
Salle Street
5.700
18%
Feb
29
Apr
American Coach &
41
Feb
American
Westlnghouse
38%
38%
391/4
1.000
37%
34
24
400
25%
Jan
34
EJec
*
54%
56 Va
260
51%
Jan
56 %
Apr
305/8
300
25%
Feb
34 %
Jan
Cleveland
84
85 Va
900
79%
Jan
97%
Feb
Cleveland Graphite Bronze
&
34%
35
400
32% Mar
39%
Jan
Commercial
39
39
150
33
39
Apr
Consolidated
Wisconsin
Woodall
City
Tel
Ice
Cliffs
Unlisted
'nprican
American
*
common
Bankshares
Industries
%
Mfg—
Inc
Yates^American
Alleghany
84%
12%
Stores
common
•
17
17%
17 Va
%
14 5/8
200
14
10%
10%
10%
350
10
*
17%
200
Jan
capital—_/—5
14
Jan
Apr
Mar
19
Jan
1
<v
.si
onu
2.000
21%
400
18
32%
32%
100
32
45 Va
—_—10
^nacpnda Cooper Mining..
Atch
Top & Santa Fe Ry com
Bethlehem Steel Corp common
6%
7 %
20%
45%
500
7
ouu>
Mill—'.
Rolling
Range Since January 1
High
8%
LOP
5.00
8
High
Mar
a7
a7
25
19
19
50
9
5% -Jan
16%, Mar
19
32%
43%
104
100
•
94%
Apr
common
(Un)
Detroit
Bookbinding
Natural
Cleveland
&
Erie
Firestone
Electric
7%
Apr
General
8%
19
Feb
Jan
Apr
Feb
Apr
33%
Apr
51%
Tire
Navigation
General T
&
Glidden
Co
General
R
Tire
(Un)
(Un)
110
Jan
106
Jan
Gray
Drug
Bros
Bros
22%
20%
22%
2.660
18%
Apr
22%
12
12 Va
300
11%
Apr
12%
Apr
Halle
18
19 5/8
600
17%
Apr
19%
Apr
Industrial
Rayon
^urtisa- Wright
J
7 S/8
1.600
7%
Apr
12%
Feb
Interlake
Iron
Feb
102 y4
.38
Mar
49
Jan
Jan
72
Apr
30
30
32
a51
5
8
30%
301
57%
26%
Jan
34%
Jan
Feb
10
24
Feb
32
Apr
a51%
51
42%
Jan
52%
Apr
8
100
32
7% Mar
9%
Feb
17% al8
18
16%
Apr
23%
Jan
a80 % a81 %
30
66
Jan
83%
Apr
134
45
Jan
.52
205
70 Va
Feb
a
25
a47% a48
Feb
80%
Jan
70
37%
Feb
49
Apr
(UN)
*
a44% a46%
65
36%
Jan
46%
Apr
5
a76% a76%
75%
75%
5
58%
Jan
77
Apr
*
com
class A
28
31
618
22x/8
Jan
31
Apr
6
59
59
50
53
Jan
59
Apr
40%
41%
92
31
Jan
41%
Apr
47
47
455
44
50
Apr
16%
16%
110
13%
Jan
41, j-
Jan
Apr
12
36%
96
15
a48% 848%
Rubber
1
Jan
615
10
•
Stores
*
Apr
1.276
99%
5
Cooperage
Certain-teed Products
Columbia Gas & Electric
Continental Motors
Jan
common
common
&
Feb
80
36'/a
a70% a70%
Feb
Jan
Jan
195
99
1
10
Co
28 V2
Feb
Jan
72
34 %
*
Rubber
&
185 %
a47 % a47%
99%
*
*
(UN)
Railroad
20
15
Gas
Motors
23
•
5
Corp
Jan
Jan
Jan
Ilium
Electric
Jan
73
15
Cliffs Iron preferred
17%
191% 194%
a77% a77%
a
15
Fuel
&
Greif
--
100
of America
12%
Stocks—
Corp
Raaiatoi
Tel
&
General
common
Macnme
8%
Apr
Corp com..*
Common
Wieboldt
5
34
i
w
Body
Jan
Cleveland
United Light & Ry
U S Steel common
LOW
1
30%
6
common
Shares
50c
Corp
Jan
for Week
of Prices
Par
Feb
Brewing Corp
Co
Range
Sale Price
STOCKS—
65
Sales
Last
Apr
58% Mar
Exchange
Week's
Thursday
1
Stewart-Warner
vSunbeam
Cleveland Stock
>
:
Forgings
*
1
7%
7 %
5
common
new
com
(Un)
(Un)
41%
1
0
16%
Apr
m
Interlake Steamship
Farnsworth
t
Television & Radio
E|pmri
Craham-Paige
'nterlake
Iron
•
15%
1
Apr
16%
51%
*
431/4
43%
43%
647
"
30%
28%
30%
354
26
./-Mar
Motors
1
Oorp
Laclede Gas
LighJ,
4
Martin (Glenn
L) Co common
N&sh-Kelvinator Corp
11 %
845% a45%
16
40
1.127
1
VnrV rentroi rr
North American Co'
capital
9
"
~7%
300
45%
Feb
11%
11%
1.200
11 Va
Apr
12%
Apr
Jaeger Machine
Jones & Laughlln
16%
500
13%
Jan
20%
Fen
Kelley
2.000
7%
Apr
8%
Apr
Lamson
&
50
38%
Feb
Jan
McKay
Machine
7%
41%
41%
700
22%
22 "2
23
28%
28 %
28%
1.000
34%
35 %
700
10
!
47 5/8
16%
*
common
21
44
Island
*
pan
Motor
*
Car
Amer Airways
Corp
For
footnotes
see
page
2%
2194.
10%
10
10%
21%
22
3.000
400
20%
Feb
45%
Feb
& Trans
25%
Jan
Medusa
35
Jan
Metropolitan
34%
35%
Jan
Mar
53%
Feb
14% Mar
17%
Jan
14%
Jan
17%
Feb
20
22
25
Apr
49
339
40
APr
Jan
50
Apr
18%
228
16%
Jan
19
Feb
50
32%
Jan
39
•
151/4
15
15%
10
Sessions
26% Mar
32
835 Va a35%
Lime
14%
14%
15
25
25
49
18%
a
.558
Apr
Mar
Apr
Portland
Cement
•
Paving Brick
0
49
National Acme
Packard
1.
Apr
47%
..
11:
10
Apr
30%
Apr
National
21%
Apr
32
Apr
N
Tile
&
Mfg-
Y Central RR
(Un).,
•
7%
6%
a27
7%
1,734
a28%
103
Feb
6
Apr
7%
Jan
26
Mar
35%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 22, lg46
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING APRIL 19
Thursday
Week's
Sales
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Patterson Sargent
Pennsylvania RR (Un)
Radio
27
Apr
Feb
35
23% Mar
27
Feb
41%
47%
Feb
19
Jan
25 %
33
273
al6%
a
a28
a28
16%
Feb
15
10
Mar
10
25%
Jan
3474
34%
34%
34%
225
29%
Jan
40%
56%
57 V4
510
51%
Feb
60
22
Listed
—
Unlisted Issues
Direct Private Wires to
341
20% Mar
26%
194
49
Mar
68%
a827/8 a85 %
178
79%
Jan
97%
LOS ANGELES
Jan
*
West 7th Street
2IO
SCHWABACHER & CO., SAN FRANCISCO
Apr
a61% a64
ALLEN & CO., NEW YORK
Feb
a25 % a26%
Feb
a20
——.10
com
Works
Iron
Angeles Stock Exchange
Jan
0
Ohio
BROKERAGE
FACILITIES
Jan
•
of
Oil
Member Los
Feb
56%
Seiberling Rubber
Thompson Products Inc
U S Steel (Un)
AND
Jan
25 %
5
Bros
Dorn
Feb
*
Richman
Van
19%
33%
*
Eng
(Un)
Steel
Standard
40
a42% a42%
•
Electric &
Republic
FAIRMAN & CO.
Feb
123
35
*
COMPLETE INVESTMENT
High
39%
Jan
42
35
-50
Corp
Reliance
LOW
34%
38
a26% a26%
*
Corp
Range Since January 1
High
38
*
(Un)
Oil
Ohio
Packer
Low
0
Brass class B
Ohio
*
White Motor
20
Feb
15
30
328
28%
Apr
34%
81
35%
Feb
44
Jan
a72% a73%.
230
74%
14
—
TRinity
29
61% Mar
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Cessna Aircraft
Co
1
Chrysler Corp
__
America,
Douglas
Aircraft
Dresser
Industries
300
al30%al35%
75
18
145
18
—
•
40
•
of
8%
8%
20
Preferred
Creameries
8%
Inc
__
1
Co
__
Range Since January l
High
•
new
5Vo preferred
Consolidated Steel Corp——
WATLING, Lerchen & Go.
Low
5
Colorado Fuel & Iron
Low
181
a20% a21%
6%
9%
Feb
136'A
Apr
23%
Jan
Feb
21
Apr
24
38%
40
380
34%
Jan
45%
32%
32%
100
30%
Jan
32% Mar
29 %
29'A
280
22%
Feb
31
•
a92%
a92
a96
190
98%
Apr
98%
50o
27%
27
27%
880
Apr
24
Mar
33'A
Jan
Electrical Products Corp
New York Curb
Associate
Chicago Stock Exchange
4
16%
16%
16%
576
14% Mar
20%
5
14%
14%
170
13% Mar
15
95c
1.00
2,300
(new)
Building
Derrick & Equipment Co
Exeter Oil Co, Ltd class A
Farmers
DETROIT
1
&
Merchants
Natl
Farnsworth
Television
&
Fitzsimmons
Telephone: Randolph 5530
Stores
Garrett
Motors
Bk
100
Radio
Hancock
Corp
Hunt Foods Inc
McLaren
Consolidated
Machine
4
•
Paper
0
Detroit
Milner
&
Detroit
Cleve Navigation
Edison
Detroit
Gray
18%
21%
1
Crowley,
4
19
10
Continental Motors
21%
18%
—
17%
17%
27%
27%
10
8
20
common
Iron
5
Detroit-Michigan Stove
Federal
Mogul
common
Gar
1
Wood
Gemmer
General
Gerity
Inc
Finance
&
Masco
Screw
Mid-West
Co
Apr
44
Apr
100
34%
14%
6%
6%
11%
11%
8%
2%
6%
,1.955
1,068
10%
8%
3
7%
2%
2%
15,950
2%
Apr
3%
Jan
7%
300
7
Jan
9
Jan
31
Apr
21%
Jan
31
205
29
Feb
18%
18%
100
17
Mar
7%
1
4
common
220
12%
Feb
Jan
7%
Jan
Jan
44%
Apr
5%
Jan
4
Jan
4%
6%
Feb
6%
8%
Feb
Jan
11
Apr
13%
Jan
14%
15 %
1.360
10
Mar
15%
Apr
—
7%
7%
325
6%
5%
5%
485
5
11%
12%
592
8%
385
8
550
9% Mar
8
Jan
Jan
Mar
11% Mar
Jan
9%
8
Jan
13%
Jan
8%
Jan
59
155
58
14%
100
13%
6%
3%
59
6%
4.820
4%
Jan
13%
«...
11
14%
*6%
Wells
Lincoln
13%
600
9
Jan
14
Apr
3%
Apr
4
4
18.990
Thursday
has.t
%
Bandini
Barker
Petroleum
Bros.
Co
Corp.
!
Apr
Feb
63
Feb
Jan
15
6%
Apr
Jan
Menasco
B2"n£25 ^tUW C°
Bolsa
Chlca
Broadway
Byron
Oil
Dept
Jackson
California
^ P
Corp—
footnotes
see
?
common-*
*
Corp
com
Central Investment Corp
For
I
1
Stores Inc
Co
Packing
•
page
*
100
2194.
Shares
Low
4%
Manufacturing Co
Petroleum
Monogram
Pictures
**
1,600
a62
170
51/2
5%
960
8
8%
9%
6%
5%
6%
7,591
13,930
59
59
135
a35% a35%
10
__
a46%
__
568
10%
Jan
177s
Apr
516
70% Mar
79%
Feb
27% Mar
31
Jan
a74% a75%
80
61%
76
Apr
Feb
90%
296
1.35
1.40
1.900
25
28
Mar
33
Mar
27
Jan
40
Apr
10%
Jan
39
40
2,130
9%
1.20
3,100
Mar
1.35 Mar
180
1.10
83
8% Mar
91%
Jan
1.90
Jan
1.45
__
__
7%
__
200
20c
Feb
30c
Jan
210
17%
Feb
20%
Jan
1.40
1.45
8,500
1.15
Feb
1.50
Jan
Apr
42%
Jan
35
35
308
1.70
1.75
1,300
7%
1,185
7%
45c
10
„
'
50c
10%
Mar
10%
Apr
1.25
1,000
24c
18,900
14%
320
55c
55c
100
Pacific
1st
Gas
1
&
1
Elec
1.70
44%
291
44
Oil
•
Corp
1
10%
1
77 %c
•
common
common
18%
4
I
Safeway
•
Stores, Inc
Security Company
Shell Union Oil Corp
Sierra Trading Corp
Signal Oil & Gas Co class
Signal Petroleum Co Calif
Sinclair
Oil
-3D
15
25c
A
*
1
Corp
•
Southern Calif Edison Co Ltd
6% preferred class B
5%%
25
25
preferred class C
Southern
Calif
Southern
Oil
6 %
Gas
Pacific
Standard
of
pfd class A_25
Inc
Transcon •&
Oil
Van
de
Weber
Corporation
Air
Showcase
Mining
Alaska
Black
10c
„
30c
20'A
—
17
2,515
4,300
18%
3,477
3%
4
1,600
a7%
50
a29% a29%
10
Fix
&
60
Lines
Apr
75c
Jan
45c Mar
1.35 Apr
41
Jan
Jan
2.70 Feb
44%
Jan
62
42%
Feb
44
59
Feb
63%
Feb
11%
Apr
8%
Jan
52 %c Mar
14%
Feb
77%c Apr
18%
Apr
4%
Jan
3% Mar
8
25%
Feb
Feb
Mar
10
30%
Feb
Apr
70
53% Jan
65
58
31% Jan
34% Mar
10c
2,000
9c 'Mar
9c
80
80
310
27c
30c
55,087
19 %
20%
1,162
36%
1,304
36%
69
Mar
19c
Mar
17%
Feb
33%
Feb
14c
80
30c
20%
39%
Feb
Feb
Apr
Mar
Jan
Jan
—
31%
31 %
357
30% Mar
32%
Feb
30%
606
29% Mar
31%
Jan
a41%a41%
10
60%
60%
702
58%
54%
$8 %
10%
9%
11
1,867
2,876
20%
20%
20%
600
19%
21%
3.901
a53% a53%
40% Mar
42
Jan
55% Mar
65%
Feb
42 %
Feb
58%
Apr
7%
Feb
11
Apr
25
19%
5
a53%
18% Mar
22%
Jari
16%
Feb
21%
Apr
Inc
28
26%
28
5,318
Feb
28
Apr
10
Co
1st
Jan
15%
a38% a38%
60%
25
Oil
Bakers
D
1.50
37c
Feb
30%
__
2
Inc
California
Consolidated
Air
10%
75c 77 %c
1
Kamp's H
Western
10'A
50c
Western
of
Universal
__
a3B%
Jan
Apr
11%
10
•
common
Transamerica
46
•
Calif
Sunray Oil Corp
Textron
__
25
Company
Co
150
a7%
Warrants
Ryan Aeronautical Co
44
a62% a63%
a31% a31%
__
10
Co
Corp
1.00
17c
22,000
44%
25
Oil
Oil
1.25
—
Corp common
Republic Petroleum Co
Rice Ranch
1.65
25
common
preferred
Pacific Lighting
Pacific Western
Richfield
__
Jan
60c
Jan
17c
Corp
8%
Feb
14%
Co
6% Feb
8
22c
Petroleum
1.75 Apr
37c
14%
1.20
1.05 Jan
650
1
__
35
470
1
Oil
Feb
27c
20'A
1
Oceanic
1.55
27c
Mt
Diablo Oil Mng & Dev Co
Corporation, Ltd
Northrop Aircraft, Inc
Jan
20
__
1
1
1.05
27
26 %
27
865
21
Feb
27%
Apr
*
16%
16%
16%
100
16
Jan
17%
31
31
200
30
Mar
a27% a28%
70
pfd
Inc
*
1
a28%
10
9%
23%
33%
Jan
Feb
35% Mar
33%
Jan
Stocks-
Juneau
Gold
Mammoth
Mining Co
Mng Co
Cons
Calumet Gold Mine's Co
9%
9%
130
8%
Apr
12%
Feb
10c
12c
12c
1,000
12c
Jan
18c
Feb
10c
15c
15c
2,000
15c
Feb
21c
Mar
Cardinal
Cons
Gold
Chollar
Imperial
Zenda
&
Co
S
Mining
Development Co
7
Mining Co——
Gold
10c
Apr
20c
Jan
1
10c
10c
1,200
1
2.50
2.50
100
,25c
25o
Apr
Feb
8c
Jan
Apr
24c
Jan
2.05 Mar
7c
—
2.80
7c
2,000
6c
11c
11c
1,000
12c
20%
21%
1,105
Stocks—
Rad
Aviation
High'1'
3% Mar
42
Jan
4% Mar
6%
Feb
5% Mar
6%
Jan
53% Mar
6
Jan
9%
Apr
6%
Apr
48
Jan
62
AP
31%
Feb
31%
Feb
&
Stan
Smelting
Tel
&
Tel
Viscose
San
&
Corp
Refining Co
Co
Corp
Co
•
•
100
14
50
5
100
Corporation
Baldwin Locomotive Works vtc
Barnsdall
Bendix
Oil
Co
Aviation
__3
90
41
Jan
45
jan
148%
47
114
Jan
176
Jan
13
5
Corp
5
Bethlehem Steel Corp
•
Boeing
5
Airplane Co
Borden Company
Borg-Warner Corp
Canadian
Pacific
Case
a46% a46%
155
Mng
G
21
„
al92%
—
__
__
__
a71% a72%
54
al91%al94%
387
a73% a73%
17%
Jan
66 % Mar
186%
Feb
43%
Jan
23
Feb
68%
Apr
194%
Feb
20
46%
46%
351
14%
15%
630
al03al06%
74
12%
109
Jan
Jan
Feb
Feb
Jan
14% Feb
51
15%
109
11%
11%
11%
590
a32%
30"% a32%
190
30% Mar
38%
Jan
30%
100
22%
Jan
30%
Apr
112%
Feb
9%
Jan
Range Since January 1
Low
4%
__
Jan
Apr
455
Nordon
A T & S F Ry
High
4
9
1
Co
Corp
Copper Mining Co
Armour & Co (111)
Sales
a61%
__
Co
An a cor. da
for Week
of Prices
Par
1
„
common
Week's
Range
Sale Price
.
1.20
1
American
,
Jan
19%
10
Apr
3%
11
Lot Angeles ( Stock Exchange
STOCKS—
385
Jan
8
a76
30
9%
1
Oil
American
11
10c
Lockheed Aircraft Corp
Amer
c,.
Co
Mascot
American
$1
Mar
14% Mar
Apr
Jan
30%
a74%
•
1
Petroleum
Unlisted
a
Co
Jan
10%
59
Lane
Union
300
12%
17%
359
Feb
1.25
90
10c
Co
Jan
4% Mar
7
1.633
*
common
1.600
Mar
5%
7%
•
Products
600
10
36
12%
.
Aircraft
5
300
425
11
*
50
4'A
1.030
Jan
__
1
pfd
6%
4%
1
class B
6%
5
1
Distributors
10 %
44
6 %
12
10c
Oil
Jan
Jan
30%
""7%
Feb
8
—
6%
9%
5
—
1
Investment
Feb
Jan
7
—
Apr
Apr
3%
2%
6%
-Apr
34
10%
1,400
7
10
19 %
Jan
4
2%
44
25%
Apr
6% Apr
300
Union
Feb
Jan
100
4%
2
Brewing
8
850
4%
10
Feb
Jan
17% Mar
4%
•
23
8%
15%
28% Mar
7%
__
Feb
Jan
125
7
10
7
Mar
10%
150
5.263
7
1
Co
Feb
11%
31
—
16%
Jan
Jan
6
670
17%
Mar
a30% a30%
1.40
1
Jade
Feb
Apr
5
31
9%
15%
22%
13
19
10%
Jan
Mar
100
19
*
Jan
4.720
7
24
Udylite Co
Screw
Feb
4
14%
i
Sheller Mfg new common
Standard Tube class B com
U S Radiator
6%
2% Mar
6%
1
Scotten-DIllcn
Walker & Co
4% Mar
6%
•
Products
Mar
350
750
12%
•
common
common
Paper
Shirt
15
6
44
—
10
Apr
965
100
—
•
Intercoast-Petroleum Corp
Occidental
2%
16
5
W)
River Raisin
New
18%
18%
650
50c
Prudential Investment
Warner
Apr
466
10
Peninsular Metal
Wavne
Feb
33%
44
__
United
27%
Feb
15
i
Abrasive
Davis
Tivoli
Mar
26
1
common
Corp
(H
23
200
5%
1
Products
Chemical
Rickel
260
33%
22%
)
Packard Motor Car
Parke,
Feb
Apr
.2%
Motor Wheel
Murray
7
2
McClanahan Oil
Apr
2%
__
1
Co
common
22
691
9%
•
common
Co
Car
Merchants
9% Mar
28
12%
23
common
Apr
Jan
10
Wines
17%
Jan
14%
1
Kingston Products
Drug
Jan
5%
1
Kinsel
Jan
23%
9
20
,
23
7% Mar
Jan
Jan
1.600
18%
44
1
Mfg
19%
Feb
1.100
1
Hudson Motor: Car
5
6%
1
Bearing
Feb
25
15
,
Hoskins Mfg common—
LaSalle
15%
700
1.428
Jan
17'A Mar
22%
Casting
Brewing
Graham-Paige common
Hurd Lock &
100
21%
*
Michigan Die
Hoover Ball
326
290
16% Mar
3
Mfg class B
Goebel
Park
18%
1
common
8%
28
550
Jan
24 %
2%
Trailer
17%
3%
400
High
12 %
__
Ale
Fruehauf
21%
18%
Low
33%
—
•
Brewing
Frankenmuth
Truck
19
Motor
__
a75%
*
com
360
15 %
9%
—
*
Hupp Motor Car Corp
High
4
A
Development
10
360
15%
85c
Range Since January 1
24%
5
Motor
6
Shares
11%
2
Federal
6%
1
Detroit Steel Corp common
Friars
of Prices
Low
1
Burroughs Adding
Sales
for Week
Par
class
Week's
Last
te Price
Oil
Holly
Hudson
360
2
Exchange
Thursday
STOCKS—
1
A
Gladding McBean
Goodyear Tire & Rubber Co
Detroit Stock
—
X
class
Corp
General
Brown,
Feb
Apr
Emsco
Stock Exchange
Detroit Stock Exchange
Ford
High
Jan
120% Mar
17% Jan
Member*
New York
4121
Sales
Week's
Feb
28%
a38%
Youngstown Sheet & Tube common—*
Thursday
Feb
38%
28 %
1
—
5
I
Railway Co
20
al06%
al04%al06%
112
98"
Feb
a30% a30%
100
33
Jan
a54 a54%
45
52%
Jan
__
—
Co
25
20%
25
Tractor
Service
a47%
•
„
Co
1Q
30%
a51% a51%
15
Co
J
Caterpillar
Cities
__
__
__
a54% a54%
20%
10
20%
a46%&47%
2,485
70
45
a76 a76%
71
73% Mar
a34% a36%
103
18% Mar
Feb
26% Feb
33% Mar
54
jan
22%
Feb
47
Jan
73% Mar
34
Apr
Number 4483
163
Volume
THE COMMERCIAL &
FINANCIAL CHRONICLE
218®
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING
APRIL 19
1
Thursday
Week's
Last
STOCKS—
Range
&
Columbia Gas
Electric
Solvents
Commercial
Corp
55
35%
125
31'/4
4,215
234
35 5
4'4
8
310
4
a27
18%
5
a45% a47 3s
7%
7%
Foods
a21%
a21%
(B
a22
•
Iron
International
McKesson
&
22 %
12%
United
33%
Apr
Feb
26
25
51%
50%
York
New
Central
American
North
American
16%
11%
200
11%
Jan
15%
40
59%
Apr
16%
16%
420
13%
Jan
20 Vb
Ohio
Oil
39
39
300
36 % Mar
41%
Car
Jan
58%
11%
Jan
15 Vb
Apr
Allegheny
a39 a39%
100
33%
Jan
40%
Apr
Arkansas
a50% a51%
112
47
Jan
50
Jan
a92 % a92%
45
76%
Jan
80
Nat
28
394
26
Mar
35 Vb
14
295
a
35%
Apr
Devonian
26%
78 5 a
26%
485
1934
Feb
26%
Apr
Fort
10 Vb
865
10
Mar
12%
Feb
Harbison
a
Pitt
Sears,
Oil
Co
of
a80
66
60 Vb
Jan
78
Roebuck &
723
42%
Apr
47
Feb
Lone
a43
365
37%
Feb
42%
Feb
McKinney
20%
Feb
28%
Southern
Ry
17
Star
a37
_
385
17
Standard
Oil Co
Co
•
Inc
25
Stone
&
Webster,
Studebaker
Swift
&
Texas
Corp
J)
Co
Union
Carbide &
Union
Pacific
Carbon
United
Air
United
•
Corp
_.
Co
100
._
Aircraft
U
S
S
Inc
Steel
Warner
—
Pictures
Feb
Pittsburgh Brewing common
Pittsburgh Plate Glass new
Pittsburgh Screw & Bolt Corp
47%
707
36% Mar
49 %
Apr
2,313
15% Mar
17%
Jan
Oil & Gas
Jan
47%
38
Feb
45
224
65%
Feb
73%
Apr
Union
Tel
Co
•
A
Willys-Overland
Motors,
Woolworth Company
-12%
Inc
10
18%
Feb
23
Jan
31
Feb
9%
Jan
15%
Feb
2%
3%
450
Jan
3%
Apr
26%
188
24% Mar
26%
Apr
7%
200
7% Mar
9%
Jan
80
22% Mar
29 VB
Feb
7%
27%
27 7
19
18%
19
149
12
12
51
14%
15%
28%
b
143
15%
Jan
19%
Jan
10
Feb
12
Jan
2.446
10%
Jan
16%
Apr
8%
9
894
6%
Jan
9%
Jan
1%
1 %
500
1
Mar
2%
Jan
Feb
4
•
5%
5%
5%
323
4%
Jan
6%
10
44%
43 "4
44 VB
272
40 V»
Feb
48%
Jan
11%
11%
197
Feb
14 Ve
Jan
2%
Feb
30%
Feb
33%
Jan
Jan
39%
Co
San Toy
Mining
62%
Apr
Standard
Feb
Mar
*
Oil
&
Steel
1%
1
Gas
Mar
60c
Jan
22%
Feb
30%
Apv
18%
Jan
24%
Feb
585
5%
Jan
15
Apr
14
200
5%
Jan
14
Apr
45
215
Mar
46
Jan
30%
20 3 4
135
1,135
15
14
30c
7.345
14
1
1% Mar
100
40c
30%
20%
1
common
Springs
1%
35c
35c
9
Jan
181
116
50% Mar
23%
United
States
Glass
1
common
1
vtc
Common
15
50% Mar
19 Vb
23
a
123%
a
121%
a
1603a
a
160%
a
23 %
472
125%
107
100%
Feb
119%
34
160%
Apr
160 %
291
40
Apr
51%
155
29%
Apr
36%
5%
300
4%
Jan
7Va
Westinghouse Air Brake
•
Westinghouse Electric Corp com—12 %
37%
36%
37%
90
32% Mar
40
Jan
34 %
34%
35 %
545
32 Vb Mar
39%
Jan
B
Jan
us
•
a?
46
co cm uv -SO
448
80%
Feb
96%
800
31%
Jan
48%
St. Louis Listed and Unlisted Securities
Feb
47%
Apr
a37% a37%
34%
45
2434
a60% a61 %
37% Mar
51%
Feb
754
35
2434
a61
441
5
co cm
34 V8
44%
Jan
5%
a37%
40
•
Jan
40
29%
a75% a75%
47%
Steel
Apr
Apr
40
__
Vanadium Alloys
Apr
al61
Feb
29%
--
1
(F W)
Apr
30
a32
a55% a55%
--
Westinghouse Elec & Mfg Co
22 %
375
3%
1
Renner
47%
224
--
•
5
20
12%
28
8
Jan
10
85
45
55 3 a
10
Inc
Jan
5
30
53
_
Bros
Western
.
_
Feb
11
Jan
•
Feb
130
*
Company
Corp..
48 y8
10% Mar
26
10
Corp
30
a62% a64%
5
Rubber
Supply
Fireproof lag
50
38 %
.10
Corp..
Corporation (Del.)
United
U
Lines,
42
3 Vs
1
a37
180
.—10
Railroad
160
10%
11 7
37%
High
45%
28
*
Mfg
Ohio
a39
a
...
LOW
44%
Jan
a 64%
*
Gulf Sulphur Co
Water Assoc Oil
Range Since January ¥
High
10%
10
Feb
a38%
a39
451
1
com
Refractories
18%
a74 a75%
75%
Low
1
39%
a30%
25
Sales
Shares
•
common
Feb
a23 % a 23%
25
Co
47 % Mar
for Week
*
Electric
Jan
45
*
Texas
Tide
a
Week's
Range
of Prices
100
15%
a49% a52%
1
...
Feb
pfd
31
17%
--
25
Inc
_
25%
Gas
Shamrock
(N
Co
673
17
a51%
_
(Ind)
Apr
•
595
a52% a52%
Brands,
Oil
22%
40 Vb Mar
51
Sale Price
4
34 3
47%
__
17%
13
Co
Standard
Standard
268
10
Fuel
Mountain
140
28 %
16%
33 %
--
0
_
23 %
42
Apr
26%
0
Co
22 %
41%
22%
Apr
43
a64% a65%
28 %
_•
bocony-Vacuum Oil Co
Apr
Brewing
a41%
43
•
Del
Feb
30%
Co
Walker
National
Seaboard
Jan
58%
Jan
Oil
42%
m
Corp of America
Republio Steel Corp
7Vb
Jan
2.151
20
Continental Commercial Corp
Jan
a75%
43
*
Radio
Jan
47%
23 Vb
Jan
315
13% Apr
31% Mar
16%
35%
10
1
Co
4
472
29 3 4
Steel
Gas
Gas &
13%
•
Inc
Oil
1.237
55
28%
10
Ludlum
Blaw-Knox
35 %
--
25
Pure
5%
5%
54 V8
Feb
a39%
50
Pullman
Feb
Par
50%
911
27
Phelps Dodge Corp
4%
51^
Coal
Apr
450
15 %
1
Paramount Pictures,
Inc
Pennsylvania Railroad Co
Jan
Last
58 "2
10
Co
3%
54 v8
stocks—
58
•
Motor
2.139
Thursday
Feb
14 %
--
Packard
4%
Feb
Pillsburgh Stock Exchange
5812
--
Co.
Feb
37a
Jan
--
•
_
4%
r29%
Inc
59% Mar
*
Inc.
4%
Jan
•
Jan
50%
a60 a60 Vb
18
RR
Apr
1
xz
14 %
Co
3 Vb
Feb
a
11%
•
Aviation
20
20
•
Westmoreland
Columbia
North
3 %
2%
Feb
Feb
Apr
3%
2%
Apr
46 % Mar
60
13%
preferred
Westmoreland
Apr
Feb
60 %
•
Montgomery Ward & Co, Inc
common
High
Jan
52
12
~2%
25
Corp
Low
60
4
"
l
25
common
Range Since January 1
High
a82% a82%
a
Inc
59 3
Shares
\
Feb
Feb
70
0
Robbins
7% Mar
259
I
Loew's Inc common
Corp
Apr
19%
48 V2
Kennecott Copper Corp
Libby, McNeill & Llbby
40
21
a53 % a53%
Canada
Jan
120
a47%
__
of
30%
200
a53 Vb
•
Co
Invest
United Gas Improvement
27 %
a47%
•
Corp
*
Jan
Jan
27 %
27%
«
Nickel
32%
23%
26
■»
Co
Transit
$3
275
Corp
F)
Feb
26
•
Graham-Paige Motors Corp
Great Northern Ry Co pfd
4%
Feb
690
1
Electric Power & Light Corp
Apr
Jan
17 Vb Mar
75
7%
5
General Electric Co
Apr
355b
(iO
a39% a39%
1
Co
2334
Feb
Low
Tacony-Palmyra Bridge—
Class A participating
Tonopah Mining
for Week
of Prices
Par
Jan
Mar
27%
520
5
Share
&
137/a
Sales
Range
Sale Trice
High
Jan
20
70
19'2
A
Bond
10 Va
STOCKS—
Preferred
a27 a27%
i
Corp
Curtiss-Wright Corp
Interlake
a25
1
Zellerbach
Goodrich
12'4
•
Vultee Aircraft Corp
Continental Motors Corp
Continental Oil Co (Del)
General
12
a25
25
Cons
Class
Low
Week's
Last
Range Since January 1
High
•
Edison Company
Commonwealth & Southern Corp
Electric
Shares
Low
•
Corp
Commonwealth
Crown
Thursday
for Week
of Prices
Sale Price
Par
$
Sales
33% Mar
39 Vb
Jan
Jan
110
»V|
20%
Feb
26%
141
53
Feb
Edward D. Jones & Co.
Established
57% Mar
300
4th St.,
North
1871
Louis
St.
2, Missouri
Members
New
St.
York
Stock
Phone
Exchange
CEntral
Louis Stock Exchange
7600
Bell Teletype SL
Chicago Stock Exch.
Chicago Board of Trade
New York Curb Exchange Associate
599
Philadelphia Stock Exchange
Thursday
Week's
Sales
Last
Range
of Prices
Shares
Par
American
Stores
American
Tel
Autocar
•
& Tel
Company
100
50
common
St. Louis Stock
for Week
Sale Price
stocks—
Low
35
33%
192%
Low
35 V8
667
27%
191% 194%
681
185%
34%
—
Range Since January 1
High
34%
10
35 Vb
Feb
195%
37%
Bankers
v
t
13
c
Securities
Budd
(E
Budd
Corp preferred
Mfg Co common
Wheel
G)
50
32 Vb
105
105
•
Co
•
30%
30%
Apr
35
105
83%
Jan
38%
Par
105
Apr
Investment common
21
22
172
20%
Feb
26%
Jan
23
100
21%
Feb
28%
Shoe
Brown
5
Curtis Pub Co
common.
133 %
21 Vb
Burkhart
Delaware
Power &
Light
—13%
General
134 Vb
73
21 Vb
22 Vb
485
117%
Feb
140%
Jan
19% Mar
26 Vb
Jan
25 %
25%
26%
3.219
227a
Jan
26%
Apr
Brothers
10
53%
54%
123
49% Mar
55%
Jan
75 %
74%
75%
691
70%
Feb
80%
Jan
60%
Motors
Gimbel
•
6018
607b
50
40%
Feb
61%
Jan
—
Mfg
•
50
National Power & Light
Pennroad Corp
Penna
Power
&
—•
.11
1
1
Light
15%
8
'
fli
--
Pennsylvania RR—
.50
15
43
14% Mar
15%
12%
562
10%
T%
10 3 4
405
8 %
2,961
7%
2R%
26%
72
22%
Apr
Feb
27%
Jan
43«4
43%
2,229
41%
Feb
47%
Feb
1234
10%
Philadelphia Electric
Co
50
common
$1
preference common
4.4% preferred!
Phila Elec Powet;fi%
•
44
30
•
_
pfd
29%
100
119%
—25
12
V,
4S3g
790
29%
30%
7,707
28%
30
Philco
Corp
Reading
Co
Salt Dome
Scott
Paper
Rights
Sun
28%
*
3
common
.50
Corp..,
—1
17%
Jan
Jan
17
Bottling
4C#
29 %4
oVi
'W
Jan
9%
Jan
40
40
50
35
Mar
40
Api-
48
Jan
50%
Apr
8%. Jan
10%
Jan
50%
50 %
50%
20
9%
9%
9%
140
829-"—
1
33
34
1
33
33
5
19
19
25
17
Apr
common—•
54
54
10
50
Mar
common...
Brew
33
Apr
28
Apr
32
175
22%
5%
150
46
5
28
28
50
4
24
25
350
6
48
common
5%
Hydraulic Pressed Brick common—100
Preferred
100
48
Feb
22% Mar
Huttig
common
Feb
24
68
30%
D
Jan
35%
30 %
30%
&
40
Jan
Feb
4
S
Jan
32%
130
Hussmann-Ligonier common
International
Shoe
110
30 %
Apr
Apr
Apr
Mar
Jan
Jan
8
52%
Jan
Jan
*
48
48
100
43%
Jan
50
*
common
26
26
105
25'''
Feb
26
* Mar
>
Johnson-S-S Shoe common
Key
Co
•
40% Mar
47
Feb
Laclede-Christy
28% Mar
31
Jan
Laclede
118%' Jan
121
14
400
10
Mar
15
Jan
24
24
20
20
Feb
24
Apr
5
18
18
90
15
Mar
26
27%
Apr
30%
13%
*
common
Monarch common
20
Feb
-Mar
28%
Feb
32%
Jan
Steel
Clay
Prod
com
20
common
26
145
Meyer
Blanke
Portland
.
Feb
28
Mar
S
i 1
28
common
Cement
■
18%
Jan
24
„
Mo
23
23'Of
Apr
23
Apr
3S7a
37%
445
35%
Apr
46%
Jan
27%
27%
27%
100
27% Mar
33%
Feb
30%vi 23
7% Mar
9%
9%
9%
15
54%
55%
658
itf
%
8,274
%
Apr
74%
page
13%
Jan
36
70%
74%
297
64%
Feb
„
see
Mar
"
w*
«-r.
footnotes
11
5
common
Brewing
Griesedieck-Western
Jan
12%
9% Mar
55%
common.
Oil
For
High
90
com—
25
28
28
200
23;2
Jan
30
Feb
26 %
25%
26%
210
24%
Jan
29
Feb
Jan
'
Wire
__i,i
Oil
828
]i*M/4 119%*
■VV
Philadelphia Insulated
Low
13%
1
Industries common
Clinton
Coca-Cola
Knapp
Penna Salt Manufacturing
Range Since January 1
High
13%
10
common—
Hyde Park Brewing
Lehigh Coal & Navigation
Lehigh Valley RR
Low
13:
"
common
Electric Co
Columbia
Electric Storage Battery
1
Feb
Century
Chrysler Corp
Shares
Jan
22%
23
for Week
of Prices
Jan
491
32%
Range
Sale Price
stocks—
Apr
American
Baldwin Locomotive Works
Sales
Last
Jan
Jan
28
Jan
Exchange
Week's
Thursday
High
2194.
52%
Jan
9%
Apr
St
Louis
Pub
Serv
cl
A
com
1
42
42
42
15
32
Jan
46
Scruggs-'V-B Inc common
Stix, Baor & Fuller common
Wagner Electric common—.
5
21
20%
21
560
19
Mar
21
_10
48%
49%
296
32
Jan
50
Apr
47
48 %
42% Mar
49
Feb
Mar
126
15
48 V8
299
Jan
597/a Mar
%
Apr
75%- Apr
Bonds—
St Louis Pub Serv
25-yr conv inc—1964
126
126
126
$1,600"
117
Apr
•a"
V
2190
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 22, 1945
CANADIAN LISTED MARKETS
RANGE FOR WEEK ENDING APRIL 19
Week's
Thursday
Toronto Stock
Exchange
Week's
Range
for Week
Sale Price
of Prices
Shares
Par
Abitibi
Power
&
Paper
S1.50
Acme Gas
Co
Steel
common
pfd
12
700
113/4
Feb
Cnemical
70c
70c
78c
3,200
43c
Jan
1.90
Jan
Apr
Chesterville Laraer Lake Gold Mines-
1.50
1.50
1.70
1,358
1.41
Mar
2.15
Feb
Apr
Chromium
1.20
1.20
1.30
160
20c
20c
21c
5.700
4.15
4.10
4.50
7,300
18%
18 ¥4
19
1,740
2.05
2.10
6,200
35c
5,700
22
22
25
102
217 y*
102
5
206
225
2,255
109
28
1.58
34c
1.05
1.15
1,080
1.05
•
Anglo-Rouyn Mines
1
1.55
1.46
1.55
Ansley Gold
15c
15c
15c
15c 17 ¥2 c
•
15% c
l
84c
*
—1
Hardware
class
A_
-10
Jan
Centremaque
35c
33c
38c
6,700
32c
24
106 ¥4
Jan
2.10
54c
Feb
Feb
103
Jan
109
106
1.75
Feb
95c
Nova
38c
Mar
1.36
13c
10 Vac Mar
1.30 Mar
15c
Mines
Jan
Consolidated
Mar
24 ¥2 c
Feb
Consolidated Mining & Smelting
Consumers Gas (Toronto)
Conwest Exploration
2 ¥2
23/4
12
Jan
101
Jan
1.90
1,411
3%
Jan
44c
36,500
25c
Mar
224,450
68c
Mar
15,600
35c
Mar
12
Mar
36c
38c
1.70
Jan
15 ¥2
Apr
12c
Jan
22c
Jan
Crow's Nest
62c
40c
9,400
35c
Mar
55c
Jan
57c
1.16
1.24
28,300
6.00
6.20
3,905
33c
38c
29,550
4.50
27c
17c
20c
15c
Mar
24c
Jan
26
27 ¥2
550
21%
Jan
2 7 ¥2
Apr
40
40
270
33 ¥2 Mar
48,934
37
37
175
32 ¥2 Mar
25 ¥2 c
28c
43,120
19 ¥2 c Mar
24
22 ¥2
24
325
7 ¥,
7%
Feb
19
40
Apr
1.10
Apr
1.64
Jan
Dominion
1.29
Mar
Jan
48
Jan
40
2.06
2.00
2.15
100
199%
199
200
•
531
181
39
47
795
30
77c
9,300
30c
32c
15,500
18
17%
18
395
14
14
25
65c
Jan
2.30
Gold, Mines
Bonville Gold Mines
22c
Dominion
Foundries & Steel
Dominion
Dominion
Magnesium
Malting common
Apr
92c
1
...»
•
Cordage preferred
18c
Jan
12
Jan
•
com
common
British
Gold Mines
Apr
Building Products.
East
Jan
340
5
Jan
Easy
40c
44c
28,400
35c
Mar
55c
Jan
Economic
60c
60c
9,000
55c
Mar
72c
1.45
1.40
1.54
6,700
7.00
6.80
7.25
3,800
34c
34c
37c
15,700
28c
Mar
45c
Jan
36c
31c
36C
27,150
30c
Mar
97c
31
Mar
34 ¥» Mar
1.64
II
31¥a
Apr
39
Jan
77/a
Jan
34 ¥2
960
13
275
25
185
1053/a 105 3 8
10
5 ¥4
5 V4
5%
26%
170
2 2 ¥4
Feb
263/4
16%
830
11
Mar
16%
50
18%
28c
Mar
44c
2.10
Mar
24,000
6,800
37c
41c
22,110
new
56c
Jan
Fleury-Bissell
8%
8%
8%
106
106
Jan
100
6 ¥4
Jan
10
102%
Jan
3.30
Jan
27%
23
Feb
30 ¥4
Feb
25 ¥2
25%
100
26
Apr
100
25 ¥2
25
25%
85
25
•
17
16 ¥4
17
650
13
i.1-8
9 ¥2
Jan
20 ¥2
2,755
109
109
15
28
28
25
14%
Jan
10634 Mar
24 ¥s
Jan
20 ¥2
III
Frobisher
Apr
Jan
30
Jan
60
105
52% Mar
62
Jan
42
42
145
21
Apr
85
36
14 ¥2
42
21 ¥2
199
202
168
Gatineau
178
Jan
Apr
Jan
213/4
205
5%
203/4
737
17V* Jan
23
390
87 Va
Jan
53
87%
25
47 ¥2
84
Apr
Jan
25
94
25
Mar
253/4.
50
23
Mar
23
223/4
28
23
183A
20
•
24%
Jan
233/4 Mar
Mar
28% Feb
24%
25
4,566
•
25 ¥4
26
200
22 ¥4
Jan
26
26%
27
220
25
Jan
27
50c
6,000
38c
Jan
62c
21,000
7%c
Jan
33,675
2.30
Apr
Apr
15c
2.45
3.35
Jan
1,045
22
Jan
253/4
*
25 VB
25 ¥a
253/4
4.00
3.70
4.00
37,875
3.50 Jan
13 ¥2
14 V4
9,995
10 3/4 Mar
14 ¥2
20
14
Mar
15%
Jan
47 ¥2
47%
47%
165
42
¥2 Mar
47%
Apr
1.38
Jan
1.01
1.12
49,100
1.00
1.05
99,100
29
29
30
50
26
Mar
36
10%
10%
10
10
Jan
13
Feb
5.40
5.50
3,492
6.35
Feb
19
4,990
12
59%
1,685
48%
class
9 ¥4
8%
9
¥2
3,017
116
116
117
440
19c
18c
20c
21,200
6
6 ¥4
1,110
27
27
27
105
27
Mar
*
A
29 3/4
293/4
30 y*
30 ¥2
Exploration
common
•
100
*
18%
17 ¥2
18%
5,712
21 ¥2
•
270
•
270
22 ¥2
270
1.00
1,285
20
2234
18
450
39
423/4
2,330
1.00
16 ¥2
22 ¥4
1.05
17
223/4
30
Apr
Goldvue
18%4
Apr
Goodyear
3,000
360
13,332
19 ¥4
270
Jan
Apr
22%
275
,
Apr
Apr
17 ¥e
Feb
22
Feb
42%
Apr
Tire
Preferred
&
Apr
Jan
19 3/4 Mar
1.35
18
24%
28
Feb
32% Jan
1.10
30
Jan
33
Feb
57c
12,400
75C
Jan
4.80
4.95
2,150
19
19 ¥2
100
19%
110
_
—
Feb
V
Paper
Preferred
Jan
Feb
V
t
c
c
4.15
14
Mar
Jan
Feb
5.55
19%
Feb
Apr
110 iioy4
20
105
Jan
llOVa Mar
20
108
Jan
111
18 ¥2
19
200
1073/4 107%
45
15 ¥4
105
Apr
Jan
Mar
20 ¥
Feb
107%
Apr
8.75
Feb
7.50
7.30
7.50
3.00
3.00
100
20c
18c
20c
17,000
18c
Jan
25c
Feb
9% c
9c
10c
15,000
8 ¥20.
Apr
22c
Feb
64c
60c
3,335
7.00
Mar
2.50 Mar
3.15 Mar
88c
Jan
65c
16,616
57c
Jan
31c
31c
34c
5,900
28c
Feb
39c
Feb
66c
72c
12,000
58c
Mar
87c
Feb
14c
14c 16 ¥2 c
6,900
9c
Jan
25c
Jan
1.03.
1.01
1.07,
6,600
90c
52c
50c
58c
16,300
47c
Mar
79c
Jan
34c
34c
38C
176,500
24c
Mar
40% c
Jan
1
2.85
2.39
2.90
39,726
l
21c
20c
22C
5,000
99c
131,700
8c 10V2c
12,050
7c, "Jan
30
99 ¥2 Mar
90c
83 ¥2 c
115
115
115
50
56
55%
56%
268
1
common
19c
19c
19C
2.250
*
Grandoro Mines
t
45c
HOV2 110 ¥2
_
1
Rubber
Graham Bousquet
Great Lakes
1.00
13 ¥2
1,850
31
66c
l
Mining
Jan
33
,<
Mines
Goodfish
173/4
42 ¥4
Jan
Jan
Feb
Jan
1
Mines
12
35
1
Mining
Feb
24 y2
7%
Jan
Jan
Apr
Jan
_1
Gate
Goldora
24c
1
Golden Manitou Mines
22 ¥4
25
l
Golden Arrow Mines
Golden
43% Mar
"I*
1
Goldhawk
Jan
Feb
68
120
1
20%
Jan
•
X
Eagle Mines
23
Jan
Jan
t
16% Mar
40%
5 ¥2
9 ¥2
Jan
Mar
3.00
17% Mar
59%
14c
Apr
Apr
53c
100
common
100
890
90
53/4
90
19%
63
Jan
Jan
55c
*
•
Power
•
1.45
4.80
Co
2,356
100
Jan
•
Gold
183/4,
250
Mar
18 ¥2
57 ¥2
100
22%
68
Mar
T
pfd
18
28
Jan
5.10
58%
*
22 3/8
43
1.00
19
Mining...
18-¥4
28
Mar
90c
-1
common
22%
67
Jan
Jan
1.07
5.40
Goldcrest
43
4.60
15%
1.00
25
God's Lake Mines Ltd
Goldale Mine
Apr
Feb
*
warrants
Gold
Apr
1
A
Gillies Lake-Porcupine Gold
Glerora Gold
Apr
Apr
Jan
57 %c
9%c
Jan
2,715
1.60
Apr
14 ¥2
preferred
"D"
u
Jan
Mar
8c
25
Preferred
Jan
52 ¥2
1.85
Mar
1.15
29c
13 3/4
Giant Yellowknife Gold Mines
20
Jan
2.30
Mar
52 ¥4
17%
8c
1
5 ¥2 %
preferred
General Steel Wares
Feb
1.05
Apr
Jan
2.35
common
Canada
Foundation
Francoeur
13,500
Apr
25%
48c
Aircraft
Ford Co of
20
!io
23 ¥4 Mar
•
Feb
108% Mar
Apr
21
100
Mar
2.40
Feb
Api-
1
class
Kirkland
31c
1,300
Feo
50
18 %
200
/
Grain
Federal
Fleet
19,500
7
Jan
Jan
12 ¥2 Mar
1,550
Preferred
Jan
Mar
35c
19%
Feb
2.95
44c
3.20
202
45
2 7 ¥2
Players new common
Fanny Farmer Candy Shops
Mar
34c
Feb
Jan
26%
Famous
31c
3.00
Feb
106
26
Mines
33,825
3.15
Jan
26 34
■
Electric
Federal
38c
2.50
42
4%
65
16%
Apr
35c
109
104 Va
15
25 Vb
26
Equitable Life
Apr
15 ¥2
2.30
39c
21 ¥2 Mar
1,120
50
18
Falconbridge Nickel
370
36C
17
34
1
English
52 ¥4
•
1
Apr
27%
Investors
Eldona Gold
28
2194.
8
•
Gold
Apr
32 ¥2
593/4
*
Eiectric_III~I__5o
page
Apr
Washing Machine
Feb
31 ¥2
2.40
*
Canadian Oils
see
7 ¥2
Feb
Jan
Jan
43
Malartlc
25
common__*
Oil
Eastern Steel
Elder
*
a
7 ¥2
Jan
•
Pacific Ry
Crest
60c
•
com
Feb
7%
12 ¥2
1
East Malartic Mines
East Sullivan Mines
100
Canadian Industrial Alcohol
Canadian Locomotive
11
East Amphi Gold Mines
jan
Jan
43c
A
General
Apr
Apr
100
common
10
2b
Chemical
273/4
..III*
,
Canadian Food'Products
^ For footnotes
&
30 ¥2
Apr
•
(
100
Feb
32
*
common
AptApr
10
1
Tar
26% Mar
1.20
Feb
10
50
25
6.10
32%
29%
16
4,578
3% Mar
Jan
Apr
Jan
263/a Mar
65,900
28 ¥2
Apr
1.90
Jan
49c
25¥a Mar
113
24 ¥2
1.24
1,770
Feb
13%
1.35
27 ¥2
1.48
Apr
Jan
275
987
22%
common
Mining Co
Gold Mines
5 2 3/4
31 ¥2
1.16
91 ¥4
71c
982
42c
263/4,
Jan
16
1.17
Mar
1.90
27 ¥2
1.22
5
Feb
1.45 Mar
29 ¥»
45c
4,627
3.05
10%c
26%
1.22
27
Feb
15%
I
28
Feb
28 ¥2
1
27 ¥2
Feb
1.15
16
Duvay
18 3/4
Jan
28%
Duquesne
Apr
Feb
1.67
55
Mar
5c
161,450
Jan
27
27%
1.85
305
1.05
30 ¥2c
15 ¥2
Jan
•
{ *
103 ¥2
Mar
20c
3,825
20
Celanese
Preferred
1
Canadian Dredge,
1.37
101
92c
Donalda Mines
Jan
B
Canadian
400,000
1.22
Feb
38 ¥2
^—1,00
common
24,500
Feb
.50
Fdry
1.85
Jan
3,800
20 ¥4
Class A J
1.51
30c
28
•
.
500
50c
17
.100
common
1,900
7c
30c
Jan
465
common—.1111
Canadian Canners
Feb
2.95
Mar
370
IIIIIIIIl
Bank Commerce
Canadian Breweries common....
Feb
2.76
Mar
32
i
Canadian
Apr
16%
21c
4 ¥2
*
~
Jan
32%
Jan
15c
523/4
i
...
20 %c
Jan
250
31c
23c
--
common
Apr
14
6,700
530
15 ¥2
9,500
•
1
12c
29 ¥2
32 V2
4,000
20c
class B
Steamship
12c 16%c
15 ¥4
11,500
4 ¥4
•
A
Canada Wire class* A*.
Jan
24c
26 Vb
_
«
Inv
preferred
Dominion Woollens common
51 ¥2
1
Permanent Mortgage
86c
19c
•
I
7,430
51
VTC
1
Z
98c
100
Scottish
Dominion
30 ¥2
IIII*
B
94c
Jan
Apr
32
•
Canada Cycle & Motor
pfd
Canada Foundry class A
Canada Malting
Canada Packers class A
Jan
25 ¥2
45c
18 ¥2
14
523/4
IZIl
__~
Apr
43 ¥2
•
Preferred
•
common
1.15
15
39c
16 VB
•
.
Class A
5,700
14,600
50
—•
com
Dominion Steel class B
Dominion Stores
•
British Columbia Power class
A
Class B
Campbell Red Lake
86c
67c
1.35
18c
20c
27 ¥2
"
Mar
Apr
50
22c
16%
25
British
1st preferred
Conv preferred
Canadian Car &
Dominion
Mar
47
Feb
Feb
Apr
200
14
Feb
70c
65c
*
Apr
Apr
Feb
293/4c Mar
32
60c
28 ¥2
1.15
36c
1
Ltd
'refer:
"
Preferred
Electronme
Feb
Jan
Mar
19
Jan
Mar
0
New
1
Bonetol
Canadian
45c
75c
30c
■»
Bobjo Mines Ltd
Canadian
210,600
Jan
50c
25
Preferred
1
—
Canadian
1.76
Fen
27 ¥2
10'
~
7%
31
Bread
Ltd
Bank
Jan
39
Canada Cement
Mines
8
Feb
Apr
1.95
210
101
common-
Mining
5 ¥4
125
4,100
Dome
Dominion
200
Apr
91 ¥2
5,800
96c
Seagrams
Apr
Apr
28c
225
37,400
Distillers
Diversified
Apr
37 ¥2
24
18
1.24
Discovery Yellowknife
Apr
Dominion Coal preferred
Dominion Dairies common
225
22
188%
58c
7c
Dickenson Red Lake
58c
17
1.75
Feb
Mar
40
—I
Jan
31%
Denison Nickel Mines-
47 ¥2
common-,
Jan
78
156 ¥2 Jan
1.20 Jan
54c
31 VB
Delnite Mines
Feb
40
Hats
Feb
Feb
31 VB
2.80
Feb
7.25
47
Caiman Flin Flon
Calmont Oils
11,000
12c
1.55
1.20
Calder Bousquet Gold
Calgary & Edmonton
1.45
15%
Jan
1.40
Buffalo Ankerite Gold Mines
Buffalo Canadian Gold Mines
Buffalo Red Lake Mines
1.30
97c
B
Mar
1.15
26c
class
Class
Apr
40
Dominion Oil
Broulan Porcupine
Mines, Ltd
273
Petroleum
1.02
Mar
17 ¥2 c
Bldgood Kirkland Gold
2.85
2.75
16%
380
1,065
187
Davis Leather class A
257,500
47
8% Mar
Apr
Mar
67c
96c
26
American OIL.
British Columbia Packers
21%
90%
10
40c
75c
7% Mar
2.30
1.95
1.20
—-
87c
6.10
Brazilian Traction
Light & Pwr
21
89
182
1.30
Pass Coal
89c
5
100
90
18
Croinor Pershing Mines
5,500
1.17
.1
Jan
Jan
187
Crestaurum Mines
70
14c
Davies
Sons
Apr
51c
55c
Apr
Gold
.Tan
1.38
Mar
325
8
Jan
Apr
1.05
313/4
50c
Yellowknife
Bell Telephone of Canada
Apr
67 ¥2 c Mar
1,100
common-
Jan
Beaulieu
63c
19
42c
2.35
Mining
32c
--
5.00
Mar-
Jan
Jan
100
2.20
100
Imperial Mills
15 ¥2
1.10
Class
Cournor
12c
1.36
'
Corrugated Box
Cosmos
Apr
15 ¥4
1.15
Class
Feb
Jan
55c
151,542
47 ¥2
3.90 Mar
15
Feb
8% Mar
98 ¥2
1.64
•
42c
8
21
50c
•
35c
35c
2.10
Bakeries
42c
Class B
1.90
Mar
Jan
2.32
18c
38c
•
Apr
Jan
3,400
8
47c
•
16
30c
2.13
Mines
2,200
1.38
10
Mines.
42c
Mines
Crowshore Patricia Gold
Scotia
1.00
10,360
National
Coniagas
Coniaurum
33,700
41c
34c
Jan
15c
49.900
32C 33 %c
42c
20c
1.36
Canada
Jan
Feb
1
7 ¥4
Jan
Mar
Mar
185
.—4
Boycon Pershing Gold Mines.!
68c
1.23
Petroleum
23c
5,735
__
63c
1.15
32c
85c
1
Co
63c
1.20
Mines
Mar
1
Canada
Commonwealth
Jan
Beattie Gold Mines Ltd
Beatty Bros class A
Class
Jan
Lake
Mar
101
36c
63c
Feb
1.75
Bear Exploration & Radium...
Canada
Ltd
30c
Mar
Mmes.
15c
10 ¥2
—
Burns
Yellowknife
Commoil
87c
Bathurst Power class A
Class
B
Buffadison
Colomac
Jan
Base Metals
Brantford
Coin
52c
Toronto
Bralorne
Feb
Apr
Apr
2.40
Apr
25c
Gold
17,065
Bank of Montreal..
Ribbon
Willans
Plow Co.
73c
Mines
Biltmore
Cochenour
61c
100
15 %
Mar
Apr
63c
Bankfield Consolidated Mines.
Blue
Mines
1
Yellowknife
&
Research
Citralam Malartic Mines
Apr
225
1.58
,
2.10 Feb
3.00
44%c Jan
Jan
26
11%
Wines
Gai
63c
Aubelle Mines Ltd
Bevcourt
Mines
—1
Auraaque Gold Mines
Aunor Geld Mines
Bertram
Gold
Jan
Apr
43,950
934
—1
Mines
of
30c
84c
9%
2%
1
l
Astoria Quebec Mines
Bank
Mar
9,500
Mines-
76c
100%
100
Mining
of
2.35
31c 32 %c
Gold
Patricia
19c
1
Ashley Gold
Bank
2,035
31c
Trethewey
Conduits
Warrants
Bagamac
2.63
Central Porcupine Mines
Jan
6,000
Atlaa
Mar
Central
Jan
2,700
1
Athona
1.50
Apr
Apr
100
7,600
10¥aC lO'/eC
•
20
Anglo Huronian
Ashdown
Castle
21
129 ¥2
6,916
Arntfield
Apr
40 ¥2
Mar
20
15,000
Gold Mines
Armistice Gold
2.50
41
35c
Arjoa
3,512
2.50
Jan
55
2.00
preference
1.87
Jan
3,600
41
33c
conv
1.85
8 ¥2
9¥2C
109
4Vz%
A pi-
Jan
1.75
common
4.40
Jan
109
Mines
Feb
20 ¥4
1.85
Area
2.80
103%
1
Argus Corp Ltd
Feb
23,400
30
1
Mines
29 %
1,005
100
Apex Consolidated Resources
Aquarius Porcupine Gold
Jan
23
22 ¥2
Amalgamated Larder Mines
Canadian Oil
25 ¥2
18 ¥t Mar
American
Anglo
175
4.40
1.87
Quartz
High
18 ¥2
Mar
Chateau
•
Yellowknife
29 ¥2
383A Mar
°
Canada
Apr
29
4.00
75
14
Cockshutt
Ltd
of
Apr
29
4.00
Boxes
10.675
9c
100
Aluminium
Aluminum
High
30
21
34c
common
103%,
40
2.06
Preferred
Mar
19
41
Alger Gold Mines
Algoma
102
10,300
Low
41
•
common
Gold
Jan
25
Low
18 ¥2
*
Surpass Shoe
Oil Se Gas
AJax
23
•
Agnew
Cariboo
26
105 105 ¥a
•
Preferred
Wirebound
200
103 ¥2 103 ¥2
10
pfd
30
16%
21
common
Canadian
Range Since January 1
Utilities
High
High
20
Sugar
Canadian
Range Since January 1
Low
29 ¥2
40
18 %
20
preferred
Acadia-Atlantic
Shares
Low
*
com
preferred
$2.50
new
far Week
29 ¥2
Tire
Canadian
Sales
Last
STOCKS—
Rang*
of Prices
Pa
Canadian Fonda
Thursday
Sales
Lan
Sale Price
STOCKS—
common
preferred
2.00
Jqn
Jan
19c
Mar
59c
Mar
1.30
2.90
35c
1.17
Feb
Apr
Jan
Apr
12 %c Mar
115
Jan
Apr
53 ¥2
Jan
57
15c
Jan
26c
Jan
Jan
20c
Feb
Apr
16c
common-
16c
3,000
35
32 ¥2
35
1,100
15
Jan
35
58 ¥2
56
60
60
42
Jan
60
34 ¥2
31%
35 ¥2
4,717
15 %
Jan
35 %
Apr
58
54
Jan
58
Apr
58
1,187
15c
42
Apr
CANADIAN
LISTED MARKETS
EANGE FOR WEEK ENDING
Thursday
„
STOCKS—
Las*
Sale Price
Par
Saddlery com
Greening Wire__
.
Gunnar Gold Mines Ltd
Gypsum Lime & Alabastine
Brass
Hahn
Week's
Range
APRIL
Thursday
Last
for Week
Shares
Low
preferred
Mines
Halliwell Gold Mines
Hamilton Bridge
35
11%
Jan
15
Mar
Montreal
6%
52c
6%
52c
6%
50
5%
Jan
7
Feb
Moore
58c
15,000
17 V4
16%
17 %
2,795
*
*
1
1
•
Haicrow Swayze
14%
8
8
8
5
20
20
50
llcl2%c
8,900
20
__
6c
6c
6c
10
10 %
60c
Feb
17%
Feb
Mosher
Apr
National
8
19% Mai-
20
Mar
11c
1,200
Mar
6c
Jan
9%
Apr
18c
Jan
Carpet
Hard Rock Gold Mines
Harker Gold Mines
Harricana Gold Mines
•
National
Feb
National Steel Car
Hasaga Mines
10,340
87c
Mar
Jan
Jan
31c
Jan
New
20c
Mar
35c
Jan
95c
1.03
21'2c
20c
23c
29c
25c
33c
75,433
1
1
2.10
2.00
2.20
10,077
26c
20c
26c
17,300
14'%
Sewer
1
__
40c
45c
,—1
2.25
2.20
2.41
54c
53c
55c
1.90 Mar
19c
Mar
Mai-
35c
12,300
1
Mascot
35,400
Cadillac
1.24
*
3,200
2.20
Apr
Mai-
45c
Oil
8c
Nib
Jan
2.70
30c
Gold
Hudson
69c
Jan
Jan
Norbenite
Jan
Nordon
Normetal
Norseman
17
3,250
3.40
3,110
3.05 Mar
26c
15,900
6%c
7c
3,100
6c
17,000
50c
Mar
20c
Mai-
Mar
61c
57c
65c
1
new
48c
48c
48c
1,200
44c
46
44
46
1,565
37%
16c
4.40
Jan
Jan
35c
10c
Jan
v
73c
Bank
10
Imperial Oil
•
Imperial Tobacco of Canada ordinary_5
Imperial
__
161«
15%
£1
Preferred
4,000
1114
445
10
10%
11%
150
1078
105
3
46
Apr
30c
Jan
11%
Apr
Apr
11%
Apr
Jan
95
__
2834
16
15 %
30
16%
15%
1,030
26
Jan
8,118
745
15
Mar
8%
8%
150
15
15
13% Jan
714 Mar
5
66c
70c
21,800
6
12%
12%
13
1
Imperial Varnish common
1.10
1.10
1.19
850
12,400
0
Lake
Red
—
1
(John)
Insniration Min & Devel
66c
*
common
Preferred
International
Coal
International
Coke
Metals
International
Milling
&
21%
38 %
38%
14
46c
Apr
Mar
9V4 Jan
1.10 Mar
125
21
Apr
90
30
Jan
40
1,000
34
35
960
114
5
40
34%
•
A
100
pfd
<
114
1
class
4%
21
25
Bronze
Jan
30
29% Mar
114
International Nickel Co common
*
43%
43
43%
2,175
•
23%
23
23%
6,543
Apr
39
Internationa]
21
Petroleum
International
Island
Uranium
Mountain
North
Jack
Gold
1
Mining
50c
Mines
•
Mines
1.49
2.15
105
Mar
30
26c
1
Mines
Jason
i
Mines
J
M
Mines
54c
1.40
2.15
2.09
2.15
376,624
Mar
Mar
1.20 Mar
1.90 Feb
500
17%
16
Jan
Jan
9%
Jan
15%
80c
Jan
Jan
14
Joliet
Gold
Quebec
Journal
Kayrand
1
Mines
__1
__
*
Co
Kenville Gold
1.15
0
(Ottawa i
Mining
Kelvinator
__
1
<.
Publishing
26c
15,350
1.65
Jan
22%
38%
40
Feb
Apr
Mar
35
Apr
114
Ltd
—
2.09
Apr
2.30
Feb
41c
Feb
9c
Jan
Jan
65c
Feb
54c
64c
20c
40c
42,212
Mar
12c
1,406
lie
6c
7c
3,115
6c
1.10
15
1.26
16
64,770
80
24c
27 '
Jan
1.01 Jan
14% Feb
21c
9c
2.25
16
Jan
8,810
1.60
1.60
1.80
900
2.03
2.00
2.08
18.400
30c
32c
3,000
•
5
1
Exploration
Mines
Dufault Mines Ltd
i—I
1.06
Ontario Loan &
Crush
Orange
15%c
18c
Jan
30
21%
21 %
7.75
22%
22
7.80
__
—
-
51
23%
-
1
5 %c
Lapaska Mines
Candy
Mines
24%
Apr
Mar
23
16c 16%c
50
54
23 23%
5c 5%c
Mar'
7.00 Mar
47c Mar
1.00 Mar
1,850
2,800
135
lie
Mar
20% Mar
7.75 Apr
Jan
19
14c Mar
41c Jan
19% Jan
13,500
25,900
345
5,000
Lexinden
Gold
Lingman Lake Gold Mines
Little Long Lac Gold Mines Ltd--.
Loblaw
4c
(new)
Lynx
MacDonald
Gold
Pickle-Crow
Mines
Gold Mines of B C
Pioneer
—
Porcupine Reef Gold Mines
Co
River
Powell
Rouyn
Apr
rremler Gold Mining Co
Feb
Premier Trust
2.30
2.90
55c
Mar
29 %
11
65c
1.46
19c
26%
8.75
23
Jan
Preferred
Quebec Gold
Manitou
Queenston Gold Mines—
Quemcnt Mining
Jan
1.55
27'%
26% Jan
37c
40
4,235
3.90 Apr
5.00
4.15
4.10
2.75
4.30
4.50
2.99
4.40
7,785
10,100
6,000
3.10 Mar
2.75 Apr
4.00 Mar
7.50
73c
132,600
2.70
3c
83c
2.90
4c
30,000
13,500
2.70 Apr
3c Apr
50
12
2o
105
49
Jan
11% Jan
Malartic
1
Gold
Fields
Manitoba & Eastern
_•
-
—
1.35 Mar
40c
Feb
32c
65c
Mar
Mar
10
Leaf
Gardens
12
50
12
•
1
1
15%
15 %
16
560
14
Jan
10c
10c
600
1.20
1.17
1.22
8,200
9c
98c
Apr
Jan
1
38c
?4c
20%
37c
24c
19 %
40c
15,200
11,433
8,528
28o Apr
22c Mar
14% Jan
0
common
Preferred
Maple Leaf. Milling Co common
Maralgo GoldMarcus Gold
—
-
Martin-McNeely Mines
Massey-narris common...
Preferred
'
■
•
—
80c
25,200
45c
Feb
95c
Apr
13c
7,500
12c
Mar
22c
Jan
1.10
900
1.00
Apr
8%
8%
9
975
7%
Feb
9% Mar
60
5%
Jan
6 %
Maf
3.85
Jan
Jan
Jan
1.74
12,075
75c
17,500
55c
Apr
82c
55c
2,100
50c
Mar
90c
Jan
27c
27c
28c
7,700
25c
Mar
37c
Jan
86c
Feb
Jan
Mines
Gold
3.75
5.45
95c
Feb
Jan
Jan
3.75
Jan
5%c
Jan
51
Mar
12%
17
15%c
2.20
Feb
Feb
Jan
Mercury
Gold
Lake
&
New
preferred
Moneta Porcupine
For
Jan
__
104'%
*
f
10
60
1.32
1.30
footnotes
see
5%c
5%c
55c
27c
20%
68c
30c
21%
203,070
10,600
355
__
page
2194.
1.00
1.90
42,149
16%
17
850
100% 100%
69c
71c
10
9.50
1.35
x
..
7,500
6,894
12c
16 %
.'100
9.15
13c
9.75
--
1
_
1.25 Mar
3,500
67c
28%c
20%
100
new
__
Jan
Apr
5%c
—
69c
5,200
_
21c
21c
120
120
13
Mar
120
15%
15%
295
14%
Jan
17
14
14
210
13%
Apr
15
Feb
Apr
Mar
112
Apr
Jan
43c
40c
45c
17,600
31c
Mar
57c
60c
60c
61c
9,800
48c
Mar
71c
Jan
Feb
1.43
1.35
1.49
35,000
1.25 Mar
2.59
Feb
7%c Jan
18c
Jan
9c
9c
10c
2,500
88 %c
86c
90c
7,300
85c
25
Mar
1.65
Jan
Feb
Jan
Apr
1.65
30 %C
35
2.85
Jan
46c
Feb
Apr
Feb
31c
31c
35c
31,000
14
14
14
50
14
Apr
19c
18c
24c
4,500
17c
Mar
35c
Jan
22c
21c
24c
24,000
19c
Jan
29c
Feb
8c
8c
8c
I,652
6%c Jan
lie
Jan
11%
80c
79c
85c
25c
24 %c
28c
1.55
1.55
1.60
24,650
17,800
6,700
75o
Jan
21c
Mar
1.06
40c
1.95
1.43 Mar
Feb
Jan
33c
13,300
30c
Mar
47c
Jan
Feb
1
30c
30c
3.95
3.95
4.05
6,206
6.50
6.35
6.50
2,267
6
1
49c
49c
50c
3,500
45c
Mar
76c
1
50c
50C
53c
9,500
40c
Mar
57c
1
l
35%
34%
35%
4,955
29%
1.25
1.25
1.34
2,700
1.06 Mar
1.75
Jan
1.10
1.25
4,600
1.00 Mar
1.65
Jan
15%
15%
265
Mar
17%
Jan
Apr
3.30
Feb
4.95
3.85 Mar
Jan
7.70 Mar
Feb
Jan
13
Feb
36
Apr
Apr
15%
—•
5%c Mar
30c Mar
25%cMar
17% Jan
106% Mar
14c
1.00 Apr
11
95
Feb
Jan
61c Mar
6,160
2.20
2.20
58
58
15
2.55
2.55
2.70
II,400
50c
50c
500
49c
Mar
16c
16c
6,000
14c
Apr¬
22 %c
Feb
Apr
Apr
1
Jan
53
2.55
Apr
58 % Mar
3.45
Jan
72c
Jan
13
13
14%
1,005
il
Jan
15 %
54%
54
54%
190
51
Feb
54 Vi
2.10
10
40
2.07
2.10 Mar
2.10
2,200
1.40
Jan
1.00
80c
1.07
109,000
69c
Mar
1.07
Apr
1.05
1.01
1.06
9,512
86c
Mar
1.25
Jan
15% Mar
23%
Jan
28c
Apr
40c
17%
16%
17%
31c
33c
4,600
10,230
Jan
32c
22 %c
20c
24c
32,000
7 Vic
Jan
24%c
Apr
80c
79c
83c
32,400
61c
Feb
97c
Apr
39
39
39%
40
34
Jan
39%
(PL)
Robertson
Apr
46
46
46
20
42
Jan
48%
Feb
*
common
Gold Mines
Rouyn Merger
16c
16c
3,000
14c
Mar
22c
Jan
28c
30c
3,100
24c
Mar
38c
Jan
52c
1
Gold Mines
14c
28c
1
1
Roche Long Lac
51c
55c
13,300
45c
Mar
64c
Jfan
1.38
1
10
Mine
Rush Lake Gold
1.44
22,325
24%
25
1,065
20%
20%
175
42c
:i3
1.35
25
20%
Oils Co
44c
5,800
—
63
64
355
17c
19c
4,500
105 105%
63%
Saginaw Power pfd
Lawrence Corp common——
St
A
Class
St
preferred
Antonio Gold Mines Ltd
Lawrence
San
Sand
Paper
45
1.57 Mar
Jan
80c
25
Feb
19% Mar
25
Jan
42c
62c
Jan
64%
Apr
20
Jan
Mar
44
Jan
15c
Mar
25c
Jan
104
Jan
106
Mar
36
10
Mar
5.30
——x
9%
4,975
8
32%
36
1,475
30
Feb
37
Jan
94%
9%
•
50
100
96
35
82
Feb
96
5.30
5.50
2,001
6
Apr
Feb
8%
Jan
4.75 Mar
11c
1,000
10c
Jan
14c
Jan
39c
44c
20,000
28c
Mar
50c
Feb
16%
16%
16%
50
1.08
1.02
1.16
50,200
25
25
26
290
74c
Mines
Scythes Ltd new common
Ltd
Shawinigan
Shawkey
Sheep Creek
Bherritt-Gordon
11c
41 %c
68 %c
1
River Gold
Sannorm
100
79c
85,850
Jan
15
98c
16% Mar
1.63
Mar
Jan
21%
Jan
27 % Mar
47c
Jan
82c
Apr
50c
Gold Mines
1.40
1.40
1.50
2,350
1.40
Apr
2.08
1
2.05
2.00
2.18
106,456
1.66
Jan
3.65 Jan
Brewery
53%
55
185
37%
Jan
53
54
320
35 %
Jan
•
common
54
trust
Sigma Mines
Voting
Jan
Ltd
Silknit
14%
1
Jan
14%
14%
500
14%
Apr
55
Apr
•54
Apr
-17%
,
Feb
1.75
Jan
17%
15
13%
Jan
18
38
38
50
36
Jan
40
Feb
18
18
50
17
?Jan
18
Apr
0
13
13
356
13
0
•
11
11
50
31
297/b
31
920
28
27%
28%
634
38
40
Scrip
—
Dairies
Silverwcod's
new
com
preferred
New
Simpsons Ltd class A new
8%c
Feb
75c
Apr
Feb
36c
22
Class
Preferred new
—
*
100
1
107 107%
55
95c
95c
5,455
71c
71c
76c
12,700
30
30
140
13c
12c
13c
17,100
22%
22%
107%
95c
'
20
*
Mar
Jan
Jan
1.90 Apr
12 %c
17
Apr
101
Mar
91c
new
Siscoe Gold Mines
Bladen
17c
B
Feb
Slater
South
Malartic
Mines
(N) Co
End
Petroleum
Soutfham Co
Southwest
Springer
Petroleum
Sturgeon
e.
17%
5
common
Preferred
Feb
76%
>-
12c Mar
9c Jan
2.25
2.25
i
Apr
35%
•
•
Gas
Mining Corp
Warrants
Monarch Knitting
45c
20%
23%
•
•
Mines
Oil
Feb
16% Jan
104% Jan
7c Apr
67
Apr
*
Gold
Mills
Mid-Continental
51c
27% Feb
1
Red
6,200
11,600
Jan
1,885
100
29c
26c
15'/a
Silk Mills class A_
Riverside
Jan
2,930
660
240
4,775
Feb
Jan
25c
22c
Apr
45c
31%
7c
70
1.38
43c
30c
26c
22c
Ryanor Mining
23%
106
Apr
.1
Russell Industries common
29%
•
Apr
2.80
65c
51c
-1
Apr
21%
7c
2.60
2.60
51c
•
Gold
Apr
Feb
31%
--
Feb
1.40
Jan
1
.
73c
2.62
"III
Regcourt Gold Mines.
Reno
100
McDoug-Segur
Mclntyre Porcupine Mines.
McKenzie Red Lake Mines
Jan
-1
Feb
Apr
23%
2d
-i
McColl Frontenac Oil—
Preferred
McLellan
McMarraac
McWatters
25c
20%
Feb
2.08
33c
12c
•
Quebec
Sicks'
Marlon Rouyn Gold
Mar
1.10
Senator Rouyn,
Maple
22c
Feb
Jan
4.10
80c
2.70
41,000
75c
1
Apr
7%c
36c
2.80
23,670
25c
Jan
3.90
4.35
Jan
1.03
1.72
Jan
Jan
—
1
Mar
1.61
50c
Jan
70c
3.90
1
Mines
Jan
15c
1.10
1
Mines
Purdy Mica Mines
Flour Mills common
Jan
24
•
Gold
35c
Mail
Feb
Jan
Jan
.-1
Red Lake
Apr
10c
12%
Prospectors Airways
Richmac
20c
33%
1.62
70c
38c
Magnet Consolidated Gold-
Madsen
Jan
1.05
20c
12,000
22 Vic
100
Dome
East
34%
MacLeod-Cocxshutt Gold Mines
Mar
63c
3,200
13c
10 Vic
1
——1
Gold Mines
Porcupine
Picadilly
Roxana
Mine's
Jan
1.69
—1
Royal Bank
Royalite Oil
4,600
5,200
1
Mines
Gold
Feb
Gold
2,960
78c
1
1.76
1
Yellowknife
72%
1
Gold Mines
Pen-Ray
Jan
Macassa
Feb
Jan
63
1
Paymaster Cons Mines Ltd
1.46
63c
5.65
I
Malartic
3.45
1
3.70 Jan
1
Oils
Pantapec
1.03 Mar
2.54 Apr
Mines
Gold
1.11
1 Bol
Pandora Cadillac
17%
1
Lundward
69%
70c
Porcupine Mines Ltd-.—-—•
Pamour
19,100
8,725
435
10 %C
68%
21 %c 21 %c
1,160
1.18
2.72
315
8,250
159,300
75c
22,555
1.07
2.54
34
69%
34
1.10
2.55
33%
Apr
1.95
—1
•
32%
1.55
61c
30c
1.65
1.35 Feb
20c
Jan
34
Mar
33%
7,940
7,400
33%
1.60
20c
330
34
26c
I
34,000
4.10
1.70
1.45
•
30c
3.85
•
Hersey
Page
22c
—•
24c
3.85
—,—•
1
Petroleum
1.40
Goldfields
Jan
Jan
1
1
Oils
Pacalta
26c
A
class
Groceterias
30c
Mar
40c
1
Mines
Lake
Osisko
1.44
Class "B"
Louvicourt
Mar
•
Orlac Red Lake Mines
I
1
.
18c
*
Gold
Rochette
Leitch Gold Mines. Ltd
18,100
Jan
2.00 Jan
15,700
24c
50
Deb
common
Preferred
Gold
Voting trust certificates
Power Corporation
——
37c
26c
7,900
COc
22c
1
1
Gold Mines
Exploration
Powell
Mar
1.60
1,035
3,760
18,900
15%c
1
1
3
Lapa Cadillac
Oro
28%
8.45
53c
1
•
•
Mines
Mines, Ltd
Lamaque Gold Mines
Lang & Sons
Laura Secord
1.00
27 %
8.00
50c
1.00
•
Shore
Lebel
28
8.25
50c
9,550
24,808
22c
•
O'Leary Malartic Mines
Omega
Purity
(John)
51c
1.11
1
Oils
Feb
Mar
1.70 Apr
15
Jan
16,800
49 c
1.04
1
Mines
Ogama-Rockland Gold
Okalta
Apr
19c
10
Apr
Apr
62c
50c
Jan
26
1,000
27
22c
1.76
I
Lake
Apr
3.25 Mar
Jan
41c
Apr
15%
1
Gold
30%
Jan
*
Gold
O'Brien
Partanen
5c
15
Townsite
Fortune
Jan
1.50
Apr
Mar
*
5
Star Oil common
Preferred
Paramaque Mines
Parbec Malartic Gold-
24c
1.70
Lake
Lake
13,750
18c
32
1
Feb
3,632
1.73
Kirkiand
Lake
945
2.80
Apr
30%
Feb
•
Jan
6,500'
15%
Kirkland
&
30
2.65
Mar
lie
*
Mines
47
5c
1
Mining
29
2.70
•
Mines
27%
26c
1
Kirkland Hudson
Laguerre Gold
24
29 %
Feb
28 %
22 %c
Canada
Preston
Labrador
29
Apr
24c
1
Mines
Kerr-Addison Gold Mines
Labatt
5
Feb
Mar
Apr
23c
12c
i
Consolidated
3,500
30
1
Corp
Porcupine Peninsular
Jellicoe
80
18c
Feb
5c
23c
1
Waite
Jacola
30%
30
1
1
Mines
Inca
Perron
Jacknife
30
Mines
Northland
Northern
Pacific
International
Apr
—"
Ltd
Mining
Orenada
Inglis
19
24c
Dmnitrans
Indian
15% Mar
Feb
Jan
Apr
17c
10%
105
11%
100
common
Jan
74c
Jan
Mar
16c
11%
*
B
Erie
1,175
Feb
22c
*
&
19
•
Mines
Jan
3.20
1
class
Feb
17%
1
Malartic Mines
Oil
Jan
16l/2
Hunt's class
New
45c
1.04
Noranda Mines
3.60
63c
19%
17
26c
Hugh Malartic Mines
Huron
Apr
17c
Mines
25%
•
Mines
A
30c
30
1
Nipissing Mines
ll%c
Jan
1
Mining & Smelting
Bay
4,300
Jan
North
Howey
Apr
30c 34 %c
•
Yellowknife
Ma!"
8c
605
3.30
1
Gold Mines
Hosco
Apr
7
1
-
Bidlamaque
20 Vi Mar
1,000
25
15
1
Gas
&
8c
24%
•
Yellowknife
Homestead
25
5
Hollinger Consolidated Gold Mines
Home Oil
Homer
__
•
Dauch
&
80
Apr
19
Calumet Mines
Norgold
Oil
Highwood-Sarcee
Hinde
Jan
6
Jan
Nicholson
—
Red Lake Gold
Heath Gold Mines
Hedley
70
25
'
Headway
Heva
626
6
*
Pipe class A
Mines
New
20c
l.oo
1
1
3,780
Feb
80
25c
Petroleum
Jan
19,600
14
25%
78
"
common
12%
Mai-
12%
Jan
23%
20
Grocers
10c
11
14
1
Harding
22%
22%
301
Preferred
Negus
High
Low
High
6
Long Lac
National
of Prices
2,996
Morrison Brass
Mar
5% Mar
12,100
10V4
Mai-
14
Range Since January 1
Shares
80
common
45c
for Week
23%
Light Heat & Power.
Corp
Sales
Week's
Range
Low
Par
High
•
common
Sale Friee
STOCKS—
Range Since January 1
High
14%
__
19
Sales
of Prices
Low
0
•
1
West
Great
2191
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
Volume
10
Feb
Jan
24:,
Jan
101% Jan
91c
Feb
45c
25
6c
*
1.25
215
18
21c
•
Apr
,
27 %
21c
725
21c
1.25
1.30
4,600
Jan
14
Apr
Jan
13
Feb
31
Apr
29
Feb
108% Mar
1.40 Jan
1.12 Jan
Mar
14c
Apr
Apr
Mar
23
Apr
40c
Jan
Jan
Apr
1.15 Mar
30
1.50 Feb
2192
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
Monday, April 22, 1945
MARKETS
LISTED
RANGE FOR WEEK ENDING APRIL 19
Thursday
Week's
Range
for Week
of Prices
Shares
Par
Stadacona
2,341
1.00
Jan
1.55
*
13
12 %
13
2,265
10
Mar
16'/4
Feb
103
103 103%
70
100
Jan
103'4
Apr
7
Jan
9%
Apr
Aluminium
Jan
Aluminum
common
preferred
Standaru
t-avuig
Preierred
Standard
1.10
•
9'A
•
common
22%
Radio
LOW
High
Jan
9
9%
1,230
22
22 3 4
1,271
18%
Jan
7%
*
7%
100
6'4
Jan
8'4
1.50
Apr
Starratt
Olson Co
1
1.30
1.25
1.40
21,050
Stedman
Brothers
•
63
63
63
75
Steel
Algoma
*
90
89 34
90
175
93
93
40
Co
Canada
oi
common
Preferred
25
Steeloy Mining Corp
Rock
oieep
Sterling
27c
Mines
imo
Sturgeon River Gold
SudDury
85c
24
Argus
Corp
Canadian
Toronto
Trac
130
Jan
220
17
l06
Apr
Jan
109
Mar
9%
10
2,895
12
Feb
100'4 100'4
2'4
2%
98 %
Jan
691
2
Jan
3'/a
Feb
30
Feb
35%
Jan
85c
85c
88c
15,700
3.50
3.45
3.55
2,055
3.25 Mar
4.10
Feb
1.38
1.38
1.40
1,300
1.38
1.94
Feb
Calgary
32%
33'A
3,155
•
100
23%
22%
198%
27%
4,055
28
•
Power
Canada
Cement
26'A
220
21'4
Jan
26'4
Apr
53
20
52%
Apr
55
Apr
4.60
4.70
11,168
4.60
Apr
1.10
1.10
1.10
68c
68c
70c
14,400
53c
47,300
73c
Mar
20
Mar
21V4
21 >4
21 '4
1.80
1.80
400
56c
65c
28,183
41
1.10
1
64c
*
40
Feb
5.35
Jan
30
1.20
1.40
Apr
Feb
79c
Jan
1.25 Mar
22'4
Jan
1.70 Mar
2.40
Feb
55c
65c
Apr
Apr
Columbia
Power
Class B
27 %
Mortgage
Traders
Class
class A
class
Union
Canada Northern
Power
Fuel
Jan
175
22
Jan
27'A
141
27
Jan
31%
3 % Mar
14%
Apr
Feb
5
34
Jan
Jan
Mar
Feb
Apr
19%
20%
5,985
146
148
363
131
Jan
27'4
29
155
26
Feb
29%
Feb
45
45
10
45
Feb
45
Feb
18
18
50
16'A
Jan
21
Feb
12
12 %
250
14'A
Feb
__
__
—
1
12
20%
Apr
148
9 % Mar
Mar
18 Va
Jan
22%
Jan
52
52
21
52%
665
50
386
47%
Jan
52%
Apr
•
24%
24'4
25%
7,831
20 % Mar
27%
Feb
•
Breweries common
13
1,035
11'4 Mar
14
Apr
Canadian Car & Foundry common
125
125
60
Apr
Canadian Celanese common
27c
30c
4,300
20%
20
Apr
13'/a
Feb
46'4
*
31
31
21
104%
Jan
25c
Apr
23% Mar
125
39c
53
53%
450
Jan
53%
Apr
18%
18
18%
2,660
16% Mar
20%
Jan
25
Jan
22%
22%
1,555
21'4 Mar
•
Preferred
Apr
32
53%
•
Preferred
Rights
32
140
24
Feb
32
104
50
103
Feb
105
Mar
1.30
14,400
■*
2214
2034
22'4
320
•
10
974
10'/a
1,845
31c
31c 34'4 c
25,666
'
22%
Apr
66%
67
446
59%
Jan
67%
Feb
43 %
525
40%
Jan
43'A
Apr
23
--
23
10
23
Jan
23
Jan
16
Mar
—
Apr
104
22
47
42'4
--
100
32
1.20 Mar
15%
Jan
Canadian
Converters
1.80
Jan
Apr
12
Jan
Canadian
45c
A
A
•
31
t
31
27'4
50
25
55
28'/a
50%
53'4
53'4
7
370
955
634
7
10c
Mar
Jan
26%
24
Jan
40%
Jan
6
500
18
479
10%
151
45
45
50
—
18
Jan
Jan
31%
Cottons
4
common
5 3'4
Canadian
Canadian Ind Alcohol
Class
Foreign
29
30
135
155
__
100
preferred
Feb
Apr
—
25
Fairbanks
Feb
29
Jan
75
10c
9% Mar
27c
17
10%
Canadian
class
Class B
22 %
Preferred
Class B
65
30%
148
Canada Steamship common
5%
preferred
Jan
1.25
common
"A"
Jan
•
Jan
1
class
24%
60
25% Mar
20%
Corp
36
32
United Corp class
ciass 2
Jan
20
*
11'4
1.26
Mining
United
20'4
65
common
105
•
—
587
65
*
Iron Foundries
100
100
Union Gas Co
Jan
•
13
B
City Rapid Transit
23%
A
14
*
Transcontinental Resources
Twin
32
21
740
21
31
21
181%
•
27c
*
Preferred
32
27
477
6,607
100
42
100
axuiuration
Finance
1,070
common
Class A
Toronto
Apr
Mar
4%
Class B
Canadian
24
200
4'/a
—
100
Forgings
Canada
Feb
Jan
30%
199
*
Preferred
Canada
19
4 '/a
Corp A
13
»
Towagiuae
101% Mar
24
199
28
27 %
30%
-
14
15
common
Apr
25%
1.07
common
1.09 Mar
Jan
52'4
1.12
A
Apr
48c
8% Mar
30
32%
Building Products class A
Bulolo Gold Dredging
2.65
10
—
.
5
British
Jan
•
Works
320
British Amer Bank Note Co
Apr
J
Jan
•
Jan
3.25
5
103
109
& Power
22c
•
Feb
Feb
*
Light
45c
Gold Miaes
102%
220
•
class A
Telephone
Jan
Mines
Iron
Class
Brazilian
Mar
1
Elevators
Toronto
Bell
Feb
10c
Golo
Gold
Bathurst Power & Paper
Jan
103
32c
Top Tailors
Tombill
Feb
4.45
Jan
Jan
3,875
Oil
Apr
26
109
*
7,500
4.70
38%
209'4
Corp
40c
Mar
3.00
98
Asbestos
46,900
>
10
High
Jan
20% Mar
Apr
22c
Thurbols Mines
Tip
Apr
93
37c
50
112
109
2%
2.85
<»old Mines
lnomyson-Luiiu Mark
lodurn
91
Jan
preferred
20c
26
29
220
*
100
common
convertible
2.65
•
38 %
22
102% 1Q.2 A
--
Warrants
1
Preferred
rerH-tiuKhe*
Texas
35c
Apr
Jan
27c
63'4
pfd
20c
common
Low
35
*
Canada
of
2.75
Syivaniie Gold Mines
22
Range Since January l
High
100
Ltd
Co.
50c
Gold
38 %
22
--
100
1
Consol
mi
78 y4
80
10
37c
common
l
Mines
Taku River Gold Mines
lariioiyn
Jan
38,110
103
48'4
3,600
3.85
103
n
Contact
Cons
Inlet
28c
3.40
103
100
Sullivan
Surf
27c
3.65
•
Trust
*
•
common
Preferred
4%%
Steei
Low
Feb
Jan
Shoe
Agnew-Surpass
Shares
of Prices
Par
High
1.05
100
Standard Chemical
5%
Range Since January 1
Low
1.05
Mines
for Week
Range
Last
Sale Price
STOCKS—
Sales
Week's
Thursday
Sales
Last
Sale Price
STOCKS—
155
10
5'A
35
Jan
11% Mar
Jan
45
Apr
Jan
30
Feb
Apr
28%
154,
155
Apr
50
50
125
45"% Mar
53
Jan
•
173A
17%
18
600
16%
Feb
22
Jan
•
15
15
15
180
13%
Feb
18'A
Jan
Mar
42%
Apr
Jan
17%
Jan
19% Mar
24%
Feb
19
Apr
Investment
•
common
B
--
9'4
Feb
Canadian Locomotive
•
427/8
39
42%
2,906
Mar
14%c
Jan
Canadian
•
17
17
17
50
25
22'4
21%
22%
5,375
33
United
Oils
•
United
Steel
•
11%
10%
11%
5,460
8'/a
Jan
13 %
Feb
.—1
2.76
2.75
2.85
1,145
2.55
Jan
3.98
Jan
Cockshutt Plow
•
•
18 V4
18%
19
2,115
15% Mar
13'4
13'4
14
1,920
13'4 Mar
16%
Feb
1
45c
5
89'4
89'A
90'4
1,680
Jan
44'4 c
Consolidated Mining & Smelting
78
45c
6,900
41c
91% Feb
Apr
87c
Jan
Consumers Glass
•
48
47%
48
390
41V2
Jan
48
Apr
2,500
67c
Feb
Crown
•
50
50
245
48
Jan
50'/a
Feb
31%
31'4
345
29%
Jan
15 %
15'4
235
13%
Jan
16
Feb
101'4 103%
125
92
Feb
114
Jan
40
Upper Canada Mines Ltd
Ventures.
Vicour
Ltd.
Mines
Villbona
Geld
Mines
waitfc-rtinuiei
Walker-Gooderham
&
Preferred
Wasa
Wekusko
1
Worts
com
Westeel
•
Jan
1,765
109
22'4
320
21
1.23
1.33
17,900
44c
42c
48c
8,400
27'Ac
26c
35c
13,200
192
190
192
557
*
29
29
•
31'4
common
•
2934
23% Mar
1.69 Jan
40c
Apr
Apr
Jan
55c
Mar
Dominion
60c
Jan
Dominion
Dominion
Dairies
1414
25
27
Mai¬
33 V:
Apr
Dominion
Foundries &
ne
Mar
30c
Jan
Dominion
Glass
1,190
13%
17%
Jan
104
45
1
33c
33c
3,000
5
25'4
25 "2
250
5.30
3,817
Feb
94'4
Jan
26c
Feb
30
Jan
105
Mar
Feb
26
Mar
•
5.25
5.10
1
59c
54c
60c
17,900
32c
Vmir
Jan
67c
Feb
•
19c
19c
22c
9,100
18c
Mar
39c
Jan
19
Feb
Knitting
•
common
17
16
17
280
5.00
Apr
14'4 Mar
42%
42'A
43
996
15%
15%
16
4,125
13% Mar
16
Apr
11
11
294
10'4
Jan
11%
Jan
34%
Apr
•
Dominion Steel
6.55
Feb
& Coal
Stores
Class
Voting
trust
Preferred
B
STOCKS—
Asbestos
Corp
•
Atlas Steel
British
Brown
Co
Pulp & Paper
Mills
&
Canada
23
Apr
36
Jan
100
55
Mar
62
Feb
275
56
Feb
78
75
8'/a
104
84
Jan
104%
Apr
420
19'4
Apr
23%
Jan
25%
26
110
25
Mar
29
16
18
890
14
Apr
18
Apr
4
Mar
5
715
13.800
23%
Paper
200
120
12
43
43
30
39%
102
103
55
91%
43
*
common
15'4 Mar
45c
120
120
»
Textiles
26,762
2.80 Mar
45c
__.""l00
pfd
Bridge
—
*
40c
118
Preferred
Ontario
15
200
1.60
30
225
57
53 %
59
3,322
141
•
.
Paper
.*
Oreille
*
Investment
1,000
23'4
111%
23%
28c
__
5
15
28c
4,511
3
3 >4
40
13 'Ac
15c
4,000
—
I
4,300
111% 111%
__
.
5
3.85
*
Stop ii Shop—1!
Teiuiskaming Mining
dV7)
10,225
5 %c
3.55
23%
100
common
_—
26%
5 %c
3.85
141
26%
--
■»
T
Grain
141
26
Selections
Preferred
755
1.70
Ifi
International Paper common—
Southmount
20%
28
—
•
—HI
&
20
1.70
29
100
Foothills Oil & Gas
i
4%
3.65
21
•
Aircraft
Donnaconna
4%
3.50
23%
Apr
23%
Jan
Feb
45
Jan
Feb
103
Apr
.20%
Feb
2.15
Jan
Mar
18
Mar
Feb
17% Mar
Jan
Apr
dan
39
Jan
59
Apr
144
Apr
26%
334c Mar
22c
Apr
85c
Mar
121
104
Apr
120
44'4 Mar
2.60
Feb
3.85
Mar
Apr
7c
Feb
5.00
Feb
Mar
Apr
Mar
28c
33c
Feb
3% Mar
Jan
:<
Corporation
Heating
r
Montreal Stock
Canadian
Players
Co
Canad
of
Corp
Power
6%%
For
•
preferred
Acme Glove
common
see
page
1
2 3'A
Feb
26 %
Apr
pfd
Inc
Holt,
of Prices
Low
22%
22%
Shares
High
22%
715
106
106
106
30
*
25'A
17
25'■'»
2,480
105
104
105
125
20 %
103
14'4
100
Jan
Jan
24
Jan
106%
25'4
Jan
105
Jan
Feb
Apr
Mar
104
182
182
57
165
Jan
182
18
19 %
4,385
13
Feb
425
Apr
Apr
Apr
19 '4
Apr
20%
16% Mar
19
10
10
Mar
16
Jan
30
85
27
Mar
35
Jan
91/2
91/2
10'4
120
9
Mar
13%
Jan
18%
15
Mar
18%
19'/a
4,195
19%
Apr
31
100
28%
Jan
34
Feb
19
19
473
14%
Jan
19% Mar
110
110
■34
105%
111
111
10
110
18'4
19
1,330
18
Mar
19
__
__
19
Jan
111
10
106
50
55
Jan
9'4
615
•
17
16%
17
2,235
10
10%
1,033
•
common
__
100
40
•
__
100
Bay Mining
110.25
•
40
40
38
1,286
110.25 110.25
609
46 %
44
46'A
598
16%
16
16%
2,811
15%
15'A
15
Feb
17%
Mar
Feb
12%
40
Apr
38
Apr
Apr
Jan
112'A
Jan
46 %
Apr
Mar
17%
Jan
Jan
15%
1,317
13%
Jan
15%
Feb
8
•
Preferred
37'A
Apr
Mar
8
671
7%
Jan
8%
Feb
35
36
280
32%
Jan
38%
Feb
21
225
17'4
Jan^
22%
Feb
Jan
__
•
common
13
30 % Mar
110
Mar
56%
9% Mar
40
Feu
21
£1
International Bronze
40
37%
108
87/a Mar
14
Feb
20%
Jan
56%
9'/a
107% 107%
Feb
111
Jan
56'4
__
__
Jan
30%
9'A
Industrial Acceptance Corp com
35'A
25
3834
Apr
38
38%
225
33
com—•
43'A
42%
43'A
952
39% Mar
47
Feb
15
58
53%
59
12,930
43% Mar
59
Apr
100
International Nickel of Canada
140
135
140
141
120'4 Mar
140
23'/8
23%
2,925
21% Mar
International Paper common
Preferred
International Petroleum Co Ltd
International Power common
International Utilities Corp
Jamaica
25%
11 Vs
Imperial Oil Ltd
•
Imperial Tobacco of Canada common_5
Public
serv' Ltd
__
•
23%
•
46%
;
Preferred
•
Lang & Sons Ltd John
A
_L_j—rfT.
&
Murphy Paint Co
National Breweries
57
Feb
46%
Apr
12%
Jan
16'A
Apr
27%
28%
25
37'A
220
29
2
157
Jan
22%
22%
23
23
22'A
_
?
,
-16
.
9^
2*'
_»
8
21
;
■
r.i5$
_>
_rr
j*
preferred
-1^4
100
25
_
common
•
common
•
Preferred
National Steel Car Corp—
Niagara Wire Weaving
:
Noranda Mines Ltd
40
25
•
885
330
18%
35
19%
Feb
;,^5.
95 "
•7
8
8-•
19%
-
22
34
21
24"'
Apr
Feb
Apr
95
Apr
14%
12
Jan
'
Jan
21
Jan
Apr
24
Apr
4,745
16%
32»/^£
'4&)
27'4
Jan
32%
Apr
3414
820
29%
Feb
34'A
Apr
175
175
22
22%
23%
7,133
40
40
79
31
75
49%
49%
795
48
48
5
29'A
29'4
2,050
»
30
29
30
130
*
69
68
69
1,020
__
23'4
16
16,445
29%
-
23'4
'i;
Jan
5
31
49%
Jan
Apr
apC-
93
—
J
Jan
10
m
Apr
Apr
162
-
iq-•
"32
Power'Cons—£3%
MortgageLi
28%
Jan
162
37%
Jan
36%
«.
•
Cottons
Feb
40
162
—lQO
Breweries—
LOan
47
328
100
56
37%
3
——
Apr
111
46'4
16%
55
28%
•
Jan
16%
100
Laura Secord
Candy_r
Lindsay (C W) !coiiimon
(Robert)
__
Apr
27%
45'4
__
15
pom
Labatt (John)
•
Lake of the Woods Milling common—•
Montreal
Range Since January 1
Low
High
Jan
29
50
Howard Smith Paper common
Preferred
Hudson
Apr
90
•
1927
common
Bridge
Renfrew
25
633
18%
•
Gypsum, Lime & Alabastine
Hamilton
25
104
11 %
__
100
Tire
(Charles)
26'4
25 %
Apr
29
100
Preferred
Goodyear
Gurd
25'A
25'4
19%
19
18'A
102'A
__
100
common
Montreal Light Heat &
Sales
100
Works Ltd common
270
103%
•
preferred
Molson's
for Week
100
preferred
footnotes
Range
Sale Price
Par
5%
Apr
Feb
•
preferred
•
5%',
Montreal
Week's
Last
com
27'4
32'4
•
new-
Canada
Mitchell
Exchange
Fonda
Thursday
STOCKS—
Sugar A
Jan
Feb
12'4 Mar
*
McColl-Fronteriac Oi,l
and Atlantic
21%
23%
*
MacKinnon Sti-tict Steel cohhnon
Acadia
125
387
•
A
Massey-Harris
■
1
Feb
26,568
1
-
Products
class
<
Preferred
.
Apr
18'A
—
29
111%
2% Feb
13c Mar
36
27 'A
26%
25%
Preferred
Jan
Apr
17
•
General Steel Wares
Jan
4%
3.65
22 %
2
5% Mar
36
26%
Apr
205
21
1
Lumber.
Hayes Steei
Re'iance
24,018
Apr
103
26
Oil
deHavilland
wnne'-ota
8 %
...
Western
Dominion
7%
20 %
Sugar.
Marconi
Canadian
Dominion
77
21
Vinegars
Dalhousie
75
103
*
Dominion
Canadian
Pend
660
60
77«
Consolidated Paper
Oil
33%
60
100
Silk
Canada
High
32%
1
Preferred
Bruck
Low
60
com—*
common
5%
Range Since January 1
32%
♦
Columbia
for Week
Shares
5
*
B
Gatineau
High
Apr
36
27'/a
100
&
Famous
Sales
Range
49
18
__
of Prices
L010
37%
Apr
27%
__
Electric
Foundation
Fonda
Sale Price
Par
Jan
49
26%
common
Preferred
Class
Exchange-Curb Section
Week's
Jan
31%
•
certificates
Enamel
Last
31%
190
•
common
new
Dominion Textile
English
Thursday
175
175
49
36
__
25
Ltd
Dominion Tar & Chemical
Electrolux
Canadian
Jan
34'A
34%
49
20
45 Va
34
33%
__
0
Feb
49
34'4
•
Dryden Paper
Toronto Stock
__
35
Steel
common
preferred
Dominion
24
•
Apr
43c
Wright Hargreaves Mines
Velio rex Mines
York
New
Feb
25
Preferred
new
31%
101 %
common
835
15 "4
•
Bridge
Coal preferred
Apr
195
__
•
125
Jan
•
Class B
Distillers Seagrams common
8,800
15'4
Yankee Girl
Davis Leather Co Ltd class A
32
14'4
Combing
Jan
Mar
145
Seal Co
&
15%
Feb
1.15 Mar
24'4c
Cork
Railway
20c
103'4
Mines
129
Canadian Pacific
31
100
Gold
Feb
5.10
Oils
18c
19c
.1
Preferred
Winora
Apr
4
*
l
Wutsey-Cognian Mines
Winnipeg Electric common
Wool
126
23c
4,440
21'4
1.25
.1
common
Products
Ltd
30c
4.65
122'4
1
Consolidated
Grocers
Westons
23c
4.50
•
Gold Mines
Mala rt.ic
Western
23c
4.65
•
....
Lake
"t'esi
Ltd
Mines, Ltd..
7c
Jan
141
175
Apr
22%
Apr
25%
Feb
28
Jan
40
Apr
28%
Apr
32
Jan
44
Feb
51
J»n
Apr
44 %
Jan
48
24
Jan
30%
Apr
30
Apr
Jan
24'4 Mar
Jan
72
63
2194.
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Vv 'J::! -\\yt
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
Volume
CANADIAN
MARKETS
LISTED
RANGE FOR WEEK ENDING
Thursday
APRIL
19
Sales
Week's
Thursday
Last
Range
for Week
Sale Price
STOCKS—
2193
of Prices
Shares
Par
Low
Ogllvie Flour Mills common
•
Ontario Steel Products common
*
Ottawa Car Aircraft
•
Ottawa Electric Rwys
•
Ottawa Light, Heat & Power com—100
35
Low
High
Sale Price
Par
High
35
34
23
Last
STOCKS—
Range Since January 1
440
30y2
Jan
35
21 y2
Jan
26
Apr
David
& Frere,
Low
Ltd, class A
Feb
Dominion
Engineering
71
Apr
Dominion
Malting
18 y2
Jan
Dom
Jan
34%
Feb
Dominion
Square
Jan
81
Apr
Dominion
Woollens
Apr
23
Feb
Donnacona
Jan
36
Apr
Eastern Steel Products Ltd
17%
for Week
Shares
Range Since January 1
Low
High
26
Class B
Feb
Sales
Week's
Range
of Prices
26
Apr
4
23
215
7
7%
175
71
71
71
75
50
Jan
17%
17
17%
325
16
Mar
Powell
Power
*
337/8
34
1,460
30
81
81
125
70
19
34'A
19
950
19
35 %
2,325
30
Corp of Canada
15y2
69 >/4
15%
73 V2
I,320
13% Mar
& Co Ltd common
preferred
Transport
6% Mar
8%
19
73
54 % Mar
7,678
Jan
101
101
101
72
100%
Jan
•
18 Va
18 V2
19Vz
2,795
15y2
Jan
Oilcloth
Co
Ltd
Linoleum Co.
6c
5
5
29
5
Apr
•
54
55
205
44 % Mai-
55
Apr
24
24
200
22% Mar
24 y2
Feb
41
41
453
38%
51
Apr
20
Lict
41
•
—
21%
21%
282
17%
Jan
22
•
65
16%
210
1 -1 */4
18%
20%
20,336
com__*
13%
14
535
5
4%
4%
150
Ltd
•
6y8
5%
6%
1,665
of
•
30
30
30 y4
1,515
55c
55c
25
Ford
Foreign Power Sec Corp Ltd com
Mar
Aircraft
6%
Rolland
*
common
*
A
St
100
105%
*
preferred
50
•
100
preferred
Paper
Lawrence
•
*
Sherwin Williams of Can common
Breweries
& Sons
(H)
Standard Chemicals common
•
Steel Co of Canada
•
common
Tobacco
Tuckett
Twin
City
Rapid Transit
Steel
United
Corp
34
462
3
95
345
83
Feb
95% Mar
25%
25%
1,230
2iyz
Jan
26 y2 Mar
23
15'/2
800
720
90
195
Jan
Jan
25
Apr
Jan
16
Jan
16
Jan
14 y2
3,885
Apr
33
18%
13
Apr
55
79
Jan
90%
Apr
A
80
25
16
14%
16
550
30.%
30%
25
80
*
Melchers
Mount
Ontario
common
Ltd
42
2,805
34
Jan
15%
16
426
14%
Jan
17
30
31
808
28%
Feb
105 y2
105% 106%
106
104%
Jan
8
Jan
•
8
16 y4
16 y4
16%
150
5
26
24%
26%
9,600
•
46
Jan
56%
Apr
14 y4
35
11
Jan
15
Apr
35
300
32
Apr
41
Jan
8
8
25
8
Jan
8
Jan
24
24
30
20
Jan
111% 111%
35
108
Feb
111%
100
11
Jan
12%
57
115
Jan
126%
Apr
30c
Jan
17
Mar
16%
16%
241
16
Jan
Feb
102
10
100
Jan
102
Apr
90
90
35
Apr
92
Mar
360
109
Feb
127%
Jan
22%
175
22
Apr
23
Feb
190
190
6
170
Mar
190
Apr
32y2
33
360
27
Jan
33
Apr
17%
Jan
38%
40
580
40
-—25
25
__
29
27%
28 V2
27%
29
27%
28
40
Apr
Apr
29
Feb
Mar
100
285
Power
30
Jan
red pfd—.100
35
Quebec Tel and Power Corp class A—*
Ltd
Co
common
Bridge Co, Ltd
Southern Canada Power 6%
Invest.
Thrift
Stores
Corporations
_*
100
12
12
126
Ltd
28c
17
*
126 126%
29c
pfd
Ltd
Co.
United
50
29c
8,235
8
25C
25% Mai-
Mar
Apr
Jan
United
Jan
30
Feb
27
27
122
243:1
Jan
29
Feb
50
50
48
Feb
50
Apr
100
•
9%
9%
65
5
Jan
16%
Feb
29
29%
175
25
Jan
29%
Apr
12
12%
183
11
Jan
13
Apr
A
Ltd
Westeel Products Corp Ltd
Hotel
14
50
•
class
295
31
50
Securities,
Invest
17
31
*
Fuel
16 y2
*
class A
B
United
Windsor
*
*
Preferred
Class
Jan
34
Apr
56%
Corp 6f« N C partic 2d pfd—50
Purity' Flour Mills Co Ltd
10
Quebec Pulp & Paper 7%
Apr
Jan
14
14 »/4
Jan
Feb
104
16%
Feb
34 y2
19%
13%
Jan
Jan
56%
Jan
Mar
Apr
11%
26%
51
Jan
13
Jan
Jan
Feb
881
8V4
95
18
18
15
17%
40
11%
15 % Mar
Ltd
<
Jan
105y2
14%
25
860
40
Feb
Jan
15
2,760
15
8
Vi
13
19%
11%
104
8
Jan
44
•
19%
10%
14y2
Apr
Jan
35
Apr
103 %
Jan
,
40%
Mar
Southmount
15
41
40
Sarnia
33%
Apr
31
182
Grain
Api-
12
*
Enterprises
Reliance
12%
33 %
100
pfd
Paper Co
Hotel Co
„APv
85% Mar
Jan
15 V2
Jan
74%
Feb
8%
,Jan
100
pfd
Jan
16%
Feb
60
10
&
Royal
Nuclear
14%
35
25
Ltd
Distilleries
16
55
860
Apr
16% ,Jan
33
£50
14%
Preferred
Minnesota
80
Feb
Mar
12
33%
Apr
Jan
8
Jan
10%
16
14%
6%
34%
75
28
Apr
34%
Jan
Mar
80
•
Ltd common—•
Oil
*>
16
33%
5%
Mar
61
80
14'/2
Co Ltd
26
2P >■'«
ny2
12
MacLaren Power & Paper Co
Maule Leaf Milling Co
Massey-Harris
Apr
*
McColl-Frontenac
10y4 Mar "
Ltd
Feb
70 y2
100
*
1
Co
17%
leb
200
•
Ltd
Jan
Apr
375
31
100
preferred
33
31
56
Jan
36
10
Jan
377a
200
Apr
:Mar
937
55
33%
Co
Jan
1.25
12
1,725
165
__
preferred
6%
Groceterias
32 y2
Apr
5J
7%
10
14J/2
5%
Loblaw
Power
&
Inc
Feb
8
Apr
55c
10
34%
of Ottawa Ltd—.*
Paper
(Alfred)
Jan
4,715
34%
22
•
common
common
John
St
Lambert
5 y*
14
32
70
32y2
Ltd
Lake
Feb
Mar
70%
34
20
Journal Publishing Co
14%
5%
7%
124 y2 125 V2
*
Zellers
preferred
Feb
Apr
27% Mar
34
39
22 y2
Preferred
5%
Jan
17%
4
7V'8
34%
Inter-City Baking Company Ltd
26 y2
20%
11% Mar
•
common
International Paints (Can) Ltd A
Jan
bu.lt
Mai-
15
14
102
125 V2
Winnipeg Electric common
Jan
1,545
Paper
Common voting trust certificates
Hydro-Electric Securities Corp
26
68%
69%
•
182
__
•
common
Mar
4% Mar
Lakes
•
100
39
__
•
Grocers
41
Jan
Great
26
20%
182
__
Walker Gooderham & Worts com
(Geo)
29
33%
56
33
90
Weston
36%
Canada class A
red pfd
Companies
Lowney
22
15 V2
12%
90
__
•
Western
Apr
53
Wabasso Cotton
Preferred
Apr
31
53 V2
100
Preferred
Apr
9% Mar
115
—
•
*
Viau Biscuit common
106
3V2
--
100
*
preferred
Jan
34 %,
13
*
Tooke Brothers
Feb
Apr
3
93%
—
*
Power
Canada
Southern
Jan
7% Mar
20%
109
30
22 y4
15 y2
•
103%
Apr
3,255
~
*
common
Southam Press Co
100
Apr
23
p6V4
32 y4
33%
54
—•
•
common
Preferred
Simon
16% Mar
105
II,630
9%
Apr
34
3
95
25%
Shawinigan Water & Power
Sicks'
8V2
34 y4
Rights
St
115
105>/2 105%
36
Flour Mills com
Lawrence
360
106
9%
Corporation common
Lawrence
20 V2
105
15
100
105 %
common
Power preferred
Saguenay
23
19»/2
__
100
Paper
Preferred
St
23
„
Co
cum
Fraser
Regent Knitting
new
Fleet
Motor
26
•
•
Apr
102
Jan
19 y8
16%
•
Corp
Paper Co Ltd
Apr
19 %
Power
Apr
*
Ltd
Works
Feb
73%
100
Provincial
Quebec
15%
__
•
Price Bros
5%
35 '/4
•
Co
River
34
*
1
*
26
Jan
23
__
Pairchild Aircraft Ltd
Page-Hersey Tubes
Penmans Ltd common
Placer
Development
High
23
35
3iye
Feb
Banks
10
—10
Canadienne
Commerce
10
10
Montreal
Nova
Scotia
—
22%
75
16%
Jan
22%
23
620
19%
Jan
23% Mar
21%
Jan
27%
27
27
1,085
39%
39
39%
235
25
Feb
21
27
-10
Royal
22%
21
24 Vz
25
Apr
33%
39%
Jan
25
Mar
49%
2,465
Jan
20
Feb
50
Mar
Apr
Mining Stocks
Arno
Mines Ltd
notes.
50
50
50
$2,000
(1937) Ltd
Mines Limited
Aubelle
Brazil
Gold
Range
Low
Par
Abitibi
Power
Range Since January 1
Low
High
18%
16%
18%
$1.50
preferred
20%
19%
20%
18,570
$2.50 preferred
39%
39%
40
14
16,254
New
New
110
&
Paper
new
com
Mar
18% Mar
38
Mar
High
18%
Apr
20%
Apr
40
Limited
Belgium Glove &
5% preferred
British
Company
P
&
P
Ltd
14%
14 y4
139
13
Apr
20 y4
20%
145
18%
27
27%
1
76
8%
7%
6c
Canada
Starch
Dominion
Co
Vinegars
Wire
&
27%
100
pfd
•
Sugar
Ltd
a
6 y2%
Investments
Ltd
class
25%
—
—
•
Mar
Mar
32c
Mar
49c
—
34 %c
37c
20,000
34 %e
Apr
43c
I
21c
19c
24c
8,000
19c
Apr
28c
Apr
54c
58c
9,100
54c
70c
Feb
Ltd
Ltd
5
*
Ltd
Mines
Ltd.
Jan
Jack
Mines
1
77C
77c
79C
24,100
5c
5c
57
5c
Apr
9c
Feb
1.15
1.13
1.25
23,000
1.05
Jan
2.24
Feb
225
21%
Apr
26%
Feb
25
Lake
77
Apr
J-M Consolidated
8
Apr
Jollet-Quebec
104
1
16%
1.35
2.05
Apr
Jan
35c
Jan
1.15
Apr
63c
Jan
15 y4
Jan
19%
Feb
61c
Jan
1.10
Feb
Apr
9%
108
29%
12
19 y4
111
29 y4
17
Ltd
Gold Mines
1
1
Ltd
Mines
Apr
Lake
Apr
Lingman Lake Gold Mines Ltd.
Lingside Gold Mines.
Feb
Little
Lac Gold
Long
1
Ltd
Mines
Shore
Ltd
21%
1.06
1.10
2,500
32c
32c
34c
14,600
2.70
2.70
500
4.20
4.50
6,700
3
69
69
50
69
34c
35c
7,000
32
Mar
2.65
Mines
21%
1.10
*
1.05 Mar
28c
2.55
1.41
Feb
Feb
43c
Jan
Apr
Mar
Jan
.'1
Ltd
Mines
Macdonald
Mclntyre-Porcupine Mines Ltd
New
5
Apr
O'Brien Gold
Jan
18
Feb
Omnitrans
B._
390
163
Jan
212
Feb
Mar
7.50
Jan
Apr
75%
185
1
178
Jan
185
6%
7'%
365
Jan
9
35c
Jan
41c
Mar
j
,
Mar
185
4.25
5
Mines
Louvre
602
-1
!
Jan
3.35
Mar
17
pf$
«
7 y4
13%
.100
1
4%
12 %
15%
4%
Jan
Apr
Feb
Cadallic Gold Mines Ltd
Pandora
lido
„10
13%
4
4%
3,850
3%
4V4
4
28
—
149%
3.60
fAr~
17%
,1
—
Pitt
Gold
Jan
29c
Feb
36C
16,250
31c
Apr
46c
18c
Apr
24c
31c
20C
1,000
7.50
2,150
6.25
27c
28c
3,500
23c
27 %C
Feb
7.50
Mar
37c
Feb
Apr
Apr
|
!
j
Jan
Jan
j
1.75
Jan
4V4
Apr
535
13%
Jan
18J/2
Jan
12%
Feb
28
Apr
Red Crest Gold Mines Ltd
133 149%
Quebec
1
98
Jan
149%
Apr
Rochette
Apr
3.80
Feb
Sherritt-Gordon
57
Jan
62
Feb
Slscoe
280
11%
Jan
18 J/2
Apr
15% Apr
3.70
42,075
59%
59 y*
15
16
17%
15%
15%
200
$
7
600
3,200
65
1,225
•
97c
97c
19
19
20%
23
2
2
41C
15,500
24c
Feb
42c
Apr
15c
15C
7,500
14c
M^r
,23c
Jan
31c
33c
4,700
25c
Mar
38c
1
2.03
2.03
2.10
1,600
1
95c
95c
1.00
4,600
95c
Feb
24o
25c
6,900
21c
Mar
90c
Apr
•
Mines
Gold
Gold
1.10
1.06
1.10
7,869
1.00
Mar
1.49
Jan
7,000
20c
Mar
42c
1
Mines
Mines
Ltd.
Ltd
30S!
88
40c
60
Jan
Mar
Feb
4% Mar
i
85c
Mar
15% Jan
40,722
15 y2
1,100
1.85
Feb
Jan
1.07
,
Apr1'
H
'r'
161/4 Jan
Standard Gold Mines
96c
Jan
Sullivan Cons Mines
75
Jan
Westville Mines
.6%
Jan
|
Jan
j
1.45
Jan
2%
—
1.
26c 26 %c
2.80.
28b;
2.65
i ,27c
2.80
>30cj'
2,8_0?v
,ooor
2.65
25c
Apr
3.50
Apr
32c
Jan
Feb
Mar
Jan
Oil
1.50
19
23
1
Ltd—
Stocks
Oil
Co
Home
Apr
Homestead Oil & Oas Ltd—,
Feb
3.25
Ltd
Apr
Royalite Oil Co Ltd
1
7c
20%
3.25
100
7c
7%c
8,500
20%
442
20
3.10 Mar
7c
20
■
:%.6o
16% Apr
Stadacona Mines 1944 Ltd
4%
38C
15c
Soma-Duvernay Gold
IOO
40c
•
Yellowknife
2.40
423
3.45
60c
22%
3.85
Jan
18c
1
5,979
11%
5
Mar
24c
7.35
Mines
4,035
2.50
•
5%
Jan
17
65
;>
•
Mar
15
2.65
500
1
28
ir%
.100
4
Apr
32c
1,400
_1
Mines
Paramaque
21
60c
9pm—
12%
25
1
2.80
24 %C 24y2c
Mines Ltd.
Exploration
15%
0
0
Commercial Alpphols, Ltd common.
Apr
Mar
1,560
212
—
Consolidated t>iv Sec class APreferred
Consolidated Paper Corp Ltd
Cub Aircraft Corp Ltd
1.45
58c
17
17%
—2
Canadian Western Lumber Co
r
Canadian Westinghouse Co Ltd—
Hit
Cassidy's Limited common!
Preferred
Mar
17
17
common—
Chateau-Gal \Kflnes Ltd
Claude Neon General Adv
Jan
28c
1
210
e
II-* '
Catelli Food Products 5%
80c
33,700
Hollinger Consolidated Gold
17%
Ltd
preferred
13,200
36c
Apr
210
5%
7%
1.40
34c
Mar
17%
Power Co
Ltd
1.34
48c
•
Canadian Marconi Company
Canadian Pow 6c Pap Inv Ltd com
preferred
Canadian Vickers
Jan
60,800
1,500
•
"100
Light &
49c
55C
Ltd
Pato Cons Gold Dredging Ltd
Canadian
Mar
54c
700'
J an
24c
Jan
54c
26
25
91,500
1.35
1
1
\
Jan
38c
1.35
1
106
50
36c
Heva Cadillac Gold Mines Ltd
28
27%
Apr
Apr
485
Apr
Mar
16c
Mar
107
Apr
98c
3,000
60c
9 '/4
Apr
9,200
20c
9
14 %
1.35
34 %c
Jan
4,500
104
10
33c
;
Feb
5
3.55
r
2,600
103
109
36c
Feb
Apr
3.60 Mar
97c
55
2
20c
32,
55c
Apr
22c
110
10
1.09
18C
Apr
Apr
2.30
1.40
458
1,910
1.05
18C
26%
43c
83c
20,945
10
1.05
Feb
20c
8
109
1,500
Mar
Jan
90 c
77
19%
3.85
26%
60 %c Mar
1
28%
10
3.75
1
(1945) Ltd
Mines
25% Mar
109
3.85
1
Mines
Formaque Gold Mines
Found Lake Gold-
916
17%
900
1
Limited
Mines—
Mines
Fontana
2.45
1
Mines—
Gold
1,000
2.30
1
Sullivan
Gold
620
43c
2.30
•
Mines
Elderidge
27
43c
1
—
Malartic
20 y2
Mar
Jan
9c
33c
Feb
25%
13c
4,700
4,500
Feb
Feb
Jan
46,732
15%
8% Mar
Jan
15c
36c
Mines
106
Jan
30c
48c
Ltd
preferred
Inv Trust
7%
57c
9%C
Mines
Apr
160
Feb
Apr
Mar
34c
Mines
Jan
5c
9%C
Goldvue
Mar
18c
6,000
44 %c
Goldora
5% Mar
39c
9,700
12c
36C
Apr
86
3,700
20C
10c
44y2c
Gold
Apr
27%
—
17%
.100
pfd
Canadian Dredge & Dock Co Ltd—
Canadian Food Products
Canadian Int'l
—
106
_100
common
Ltd
Industries
—
9%
Cable
Canadian General
—
—
100
Canada
7%
Jan
com_.
common
Calgary Power Co Ltd 6 f,'o
Canadian
Mar
140
76
•
Butterfly Hosiery Co
Canada
5
10
—
Preferred
Canada
4,207
160
~20
Columbia
Brown
7%
——
•
com
Oil Co Ltd
American
British
Hosiery
7
160
7%
"lOO
_
45c
18c
Apr
1
1
Goldbeam
•
Bathurst Power & Paper class B__
Belding-Corticelli
40C
18c
1
Feb
Apr
1.00
1
Mining
Elder
Shares
Mar
1
East
for Week
61c
Ltd
East
of Prices
5,600
1
Corp
Duvay Gold Mines
Last
93c
Jan
Ltd
Mines
Dome
Sale Price
50c
ll%c
Mines
Cournor
STOCKS—
87c
Jan
Mines
Cheskirk
Sales
Mar
33c
10,390
Gold
Century Mining Corp
Week's
54c
5,500
7%c
Cadillac Gold
Centremaque
Thursday
Jan
600
49C
85c
1
Ltd
Diamond M
Cartier-Malartic
Canadian Funds
7c
72c
45c
1
Mines
Mines
&
Gold
Central
Montreal Curb Market
7c
72c
1
Beaucourt
Power
7c
47c
1
Athona Mines
Bonville Gold
Bonds—
Montreal
*
Astoria Quebec Mines Ltd
4.40
Jan
Mar
10c
Jan
Mar
25 y4
Jan
'
THE COMMERCIAL &
2194
Monday, April. 22, 1945
FINANCIAL CHRONICLE
over-the-countermarkets
ID
Quotations for Friday, April
Specialists
Shaskan & Co.
in
OVER-THE-COUNTER SECURITIES
Members New York Stock Exchange
Members New York Curb Exchange
Trading Markets
Firm
in
40 Exchange Place,
New York 5, N. Y.
ISSUES
250 ACTIVE
Tel:
Bell Teletype NY 1-953
Dlgby 4-4950
120 Broadway* New York
Ward
&
Co.
2-8700
1-1287 & 1-1288
REctor
Phone:
Tele. NY
Association
Members New York Security Dealers
Established 1926
Direct Wires to
CHICAGO
—
Reorganization Rails
PHILADELPHIA
(When, as and if Issued)
Bid
Bonds—
Chic
Investing Companies
Mutual Funds—
Aeronautical aecurltles.
„1
10.04
11.01
Scries
(Cont
lVa
7.56
8.27
Series
Series
45%
43%
10
Holding Corp
22.54
5.96
12.93
Series
77/a
9%
Series
Series
21.01
S-4
20.u8
Co
Blair &
bond
Tr
inv
107.40
8
fl
1
26.69
28.70
Inc
Fund Ltd
Inv
48.18
26.82
1
•
35.92
—1
5.60
4.90
15.84
Fund Ltd
Century Shares Trust
Chemical Fund
Commonwealth Invest———-1
38.62
152
Investors Trust
2d Fund
Mutual Invest Fund Inc
Investors
—1
——1
28.18
18.19
•
30.41
32.75
2.60
Bond
2.85
26.06
1
Fund Inc
Industrial Fund, Inc.
58%
10
Boston Corp
Mutual Trust Fund
B
Fundamental Investors Inc
2
Fundamental Trust shares A—2
First
General Capital Corp
*
General Investors Trust...——1
18.04
19.71
Aetna
14.67
—
—
Food shares
——
Administered
8.49
61
39.44
7.08
7.15
American
shares....
General bond shares
—..
Industrial Machinery shares-
American
9.77
11.20
Diversified Investment
12.32
Diversified
7.97
Chemical
15.28
5.84
American
Reserve
10
22%
24%
National
American
Surety.
—25
77
80
National Fire
18.17
X19.13
10
45
48
56%
13.04
Camden
12.98
City of New York
17.67
Connecticut General Life
13.63
Continental Casualty
Crum & Forster Inc
62%
42%
10
96
13.52
74%
Preferred Accident
60
Providence-Washington
Reinsurance Corp
Employees Group
Employers Reinsurance
Fire Assn of Phila
10
65%
10
114%
Franklin
General Reinsurance
14.96
—
Trading
Fund
19.09
1
3.25
X5.76
Globe
•
116.81
2%
15.85
17.28
1
8.11
8.88
Sovereign Investors;
Utilities
1.06
State Street Investment Corp—
1.12
13.40
26.64
29.12
21.19
23.11
Union
Fund
Bond
Series
series
B
C_*.
—
Union Preferred Stock
Fund
36.39
39.55
17.48
17.86
B-l
29.08
30.46
Series
B-2
28.17
30.88
Series
B-3
20.78
22.79
22%
Security New Haven
(Paul)
Arkansas
BprlngMeld Fire 81 Marine
Standard Accident
10
36
39
40
Travelers
100
670
685
37
97%
63%
94
2.60
40%
43%
1975
1975
105%
103%
Southern Pacific 2%s ser F.1996
96%
1961
97%
98%
0 8 Guarantee
2.B0
D
8.10
9.20
•
2.97
3.32
Security Issues
Series 1955
106 %
112%
105
105%
Vt
1
Pub
Lt
&
RR
Erie
Pwr
2%s
3s
1975
K
series
P
99%
2010
2%s
Lt
93%
108%
104%
Central
105 %
Pow & Lt 3%s__1975
105%
Pow
Bid
Ask
Home
0.90%
15,
Other
4%s ser A
111
Ruppert
107
Sioux City
•
Power 4.40%
Potomac Edison $3.60
106%
Union
107%
(Jacob)
(Cal)
105
107
112%
105%
109
106
100
100
4%%
100
100
G & E 3.90%
Oil
109
104%
100
Monongahela
106 %
108
100
Merck & Co $3.50
106
110%
•
$3.75
107
108
106%
110
107
107%
Ask
b0.90
1946
0.80%
United States Treasury
Issues
100.13
100.15
105.6
105.14
U S Conversion 3s
1947
101.24
100%
101
Panama Canal 3s
1961
132%
Ratep quoted
133%
are
Bid
le/r discount
April 25,
Quotations For U. S. Treasury Notes
May
2,
1946
bO.375 0.28%
b0.375 0.33%
May
9,
1946
b0.375 0.33%
Figures after decimal point represent one or more 32ds of a point
May
16,
Dollar Price 100 Plus
Maturity—
Indebtedness—
of
Bid
Ask
1946...
1%%
100.13
100.14
tMar 15 1947—
1%%
1%%
100.11
100 12
tlas May 1,
1946
.0029
100.26
100.27
t7/as June 1, 1946
.0123
100.16
100.17
t.09%
.0169
101.7
101.8
.0176
.0260
.0228
.0300
.0240
.0329
June
13.
June 20.
June
1946
-
bO.375 0.33%
July 5,
b0.375
May 31, 1946
bO.375 0.34%
bO.375 0.3j%
bO 375 0.35%
b0.375 0.35%
July 11, 1946
July 18, 1946_
0.34%
'
1946
27, 1946
May 23, 1946
hnk
bO.375 0.34%
1946
b0.J7ft
1946
0.35%
bO.375 0.35%
bO.375 0.35 to
.0227
1%%
6,
.0189
11/4%
1946
Bills
purchase
Bid
June
1946
at
Ask
Treasury bills-
Certificates
Par
4%
& Sons—
108
,
tDec
Lt
108
1975
3%s__1975
104
Loan Banks—
April
100.2
As*
&
(M)
105
1974
(Indiana)
101%
C
ser
Tel 3s
107%
3%s
Serv
105%
100Va
107%
1975
—1975
3s
Elec
104%
1991
1975
2'%
Preferred Stocks—
105%
Elec
106%
Light 2%s_107R
&
&
Lowenstein
1975
Gen
105Ta
93%
107 %
1965
2%s
Western
103
_1974
3%s_1980
102%
Power
100%
97
1975
2%s__1966
& Transm
Elec Service 2%s
Texas
102
1982
Pow
Power
Tenn Gas
Ask
106
104%
102%
Texas
112
101%
El 2%s
G
ser
Union Pacific
Monongahela Power 3s
Montana
111
2%s
Ry—
Kans Okla & Gulf Ry
Laclede Gas Lt 3%s
2176
1980
1953
ser
4
Northern
Houston Lt &
3.57
23 %
Page
Serv
2s
Great
(Okla) 2%s
Sioux City Gas &
109%
111%
.1975
2%s series Q__
4.12
—I
Series 1956
Bid
Ask
Public Serv
Lt
&
106
2%s
U S El Lt & Pwr Shares A—
Federal
Bid
.10
Westchester Fire
129%
108%
Pub
Int. Bate
54%
60 %
U S Fire.
3%S—1974
Birmingham Electric 3s
1974
Obligations Of Governmental Agencies
Maturity—
52%
132
90
36%
33%
Narragansett
100
127%
.4
34%
125
40
38
(J S Fidelity & Guaranty Co_.2
101%
31%
10
Pow
Portland
1, 1956-1946
V/2S Oct 1, 1950-1948
2V4S Feb. 1, 1955-1953
iyas Jan. 1, 1953-1951
57%
13%
Mountain States Power 3s
3s May
54%
60%
Bid
Conn
Diversified Trustee Shares—
FOR NEW YORK CITY BANKS & TRUST COS.—See
Pederal Land Bank Bonds—
*82
79
12 %
27
ll7/a
Bonds-
Minnesota
Bid
Fire
Surety
3312
.
58%
Recent
Cent
Unit Type Trusts—
North Amer Trust shares—
Keystone CustcMan Funds-
20%
California Water 3%s___
1
Wellington Fund
1.34
20.34
Seaboard
10.50
12.25
Fire
23.92
9.60
St Paul Fire & Marine
41
0
25.61
21.88
16%
27%
10
1.25
24.84
.10
15%
8
7V'8
25
67.50
25o
A—.
31%
10
10
25
American
Hanover
Hartford
2
10
(NY)
(Texas)
39
15
15
Rutgers Fire com
preferred
Great
44%
1.16
64.50
Republic
25%
10
"
lOo
Union Common Stock Fund B—-
18.57
119.17
68 %
Revere
10
Globe & Republic
&
42
8
Corp
Marine
17.75
2nd
15%
10
181
.8
&
.1
Standard
Series
1.11
Fire
65%
100
14 %
—8
B
Newark..
Fire
Glens Falls Fire
18
176
Indemnity Co
B
of
Gibraltar
Trusteed Industry Shares
20.18
Firemen's
57%
10
10.61
1.00
40%
70%
•
10
L_;
12.37
1.21
104
10
9.65
18.42
100
28
Pacific
11.26
35.20
97
Phoenix
Fireman's Fd of San Fran
Railroad
8%
12.50
Northern
93
Pacific Fire
15.70
Railroad equipment
32.74
27%
7%
5
38%
Steel
2.05
River
18.64
15.95
10.90
11.72
2.00
36%
17
26
61%
9.92
13.08
1.50
59
8
10
Northeastern
73%
.10
North
24
76%
36%
15%
8
2.50
25%
22
10
Casualty
Fire
23%
B
Fire
14.30
11.26
1.25
York
New
9.22
6.05
7%
13.30
14.52
Metals
Independence Trust Shares
Series
34%
54
Amsterdam
New
17.32
8.38
Income
of America—10
..I
32%
10
11.03
Steel shares
Investors Fund O
10
New Hampshire Fire
20
7.02
Investment Co
New Brunswick
77
7%
Federal
7.48
Institutional Securities Ltd—
Aviation Group shares
Bank Group shares
Insurance Group shares——
Stock and Bond Group shares-
84
73%
Fidelity & Deposit of Md
6.38
B
80
10
15.51
6.80
Incorporated Investors...
2
2B
20.37
Railroad
1
—2%
10.47
14.12
10.67
8
222
212
Bankers & Shippers
Boston
17.11
10.56
8.45
74%
7%
2
20
Fire
Union
33
71%
10
National Liberty
6
31
(Detroit) ..10
Casualty
34%
9.61
7.69
Fire
National
18.56
Republic Invest Fund
Corp
—
102
22%
39
Machinery
Scudder, Stevens & Clark
Fund, Inc
Selected Amer Shares
Foundation Fund Ino
Common
lOo
—
21%
37
2%
Merchandising
7.07
Huron Holding
Automobile
10.04
5.50
5 Va
8.56
7.42
4.30
—
4
Re-Insurance
12.31
6.43
shares
9%
Monarch
American
10.20
&
8 Va
5.83
9.28
(Geo)
4
9.75
6.75
.
33%
Merch & Mfrs Fire N Y
16.98
stock
Insurance
31%
12.11
Fund-
Speculative
Electrical equipment
8.76
13.92
Business
97%
8
7.20
—10
19%
1
12%
Casualty
10.77
American of Newark
18%
Merchant Fire Assur
6.44
12.41
Equipment
11.01
8.89
3.90
TTttlitv
Massacnusetts Bonding
16.09
Putnam
Tobacco shares
Maryland
13
26%
14 %
11.81
Petroleum
Equipment shares
stock shares
36%
11%
2474
13
11.87
7.26
—
4
15.77
stock
Bank
6.79
20
25%
—5
American Equitable
8
American Fidelity & Casualty.B
44
40
Baltimore American
Aviation
50.64
Fire
23 %
34
10
9.52
8.77
---—
18
111
Casualty
8.85
Automobile
7.98
Railroad Bond shares
16%
107%
Alliance
American
15.58
Agriculture
.6.60
Mining shares
Petroleum shares
10
Insur Co of North America—10
7.73
13.63
—
Homestead
90%
5.25
10.73
Shares
Merchandise shares
Low Price
56%
87
5.26
11.91
Institutional bond shares
Investing
54%
Automobile
11.63
8.06
New York Stocks Inc—
8.07
6.46
Home
9.43
35.99
35%
63 %
28
10.48
1
Ask
49%
33%
100%
Jersey Insurance of N Y
England Fund—
Bl«
46%
8
97
61
Life
8.23
Speculative series
Stock series
New
Pa*
Hartford Steamboller Inspect._10
10
Agricultural
Preferred stock series
19.45
Companies
10
17.29
priced bond series
priced stock common—-
11.22
-
Electrical Equipment
RR
59
-10
Aetna Casual & Surety
13.57
—
10.20
shares
shares
Building shares
Chemical shares
Fully
25%
57
-
Ask
B1&
Par
7.49
stock series
10.02
shares
Automobile
Aviation
Preferred
Insurance
10.29
19.40
6.47
Building supply
Group Securities—
Agricultural
23 %
St Lotus & San Francisco corn-
103
86
101
84
.
75-year 4%s
35.09
18.04
Series-
series
Industrial
Low
9.36
32.63
senles
Income
2.06
Low
Howard—
financial
103
62.10
60.86
Selected series
First
50-year 4s
16.11
shares
Balanced
31.13
1
Balanced Fund
Stock Fund
Fidelity
82
101
70
Francisco—
San
Aetna
National Investors Corp
National Security
260
Fund
Dividend Shares
&
Income
Securities-
Nation-Wide
7.51
7.00
24.09
1.88
IGc
1
1
10
Common
Mass
17.13
i ,330
Securities com—100 3,230
Preferred
.—100
145
Eaton
1st
8.58
80
1993
32
68
134.46
Manhattan Bond Fund Inc—
52.09
24.48
Christiana
Delaware
9.68
7.75
Mutual Fund—*
Second Fund—10
Loomis Sayles
17.88
Fund
2018
4%s
Louis &
78
30
Preferred
1st 3-4s income
8.73
Loomis Sayles
Mass
Canadian
Income
St
42
76
Denver & Rio Grande com
99
97
2019
4%s
40
-100
5% preferred
Grande—
Rio
&
16.16
Knickerbocker
Chicago Rock Island & Pacific—
Common
——•
111.88
Broad Street Invest Co
Bullock
8%
10
9
America———
of
Fund Inc
Boston
44.88
7%
1
1
Beneficial Corp
21.59
41.74
-—1
Houghton Fund B
8-2
income
Denver
Ask
—
107%
105%
1994
Conv
36.69
19.12
—
S-3
Axe
87
24.72
34.45
33.41
K-2
5.44
11.92
Axe-Houghton Fund Inc
12.80
31.34
Series S-l
1
Foreign lnvestlng.lOo
Assoc'ted Standard Oil shares—
American Business Snares
American
101
85
1st 4S
—
11.65
K-l
Amerex
99
Chicago Rock Island & Pacific—
)
B-4
Affiliated Fund Inc
1983
-.-2003
1st 4s
2nd 4%s
Keystone Custodian Funds
Stocks
Ask
Bid
Pat
Ask
Bid
Pat
Bid
Ask
Indianapolis & Louisville—
tSept.
15.
15.
1947.
tSept. 15,
tSept. 15.
1947.
1948.
July 1, 1946
*%S Aug 1, 1946
t7/fls Sept. 1, 1946
t7/aS Oct. 1, 1946
.0067
t%s Nov. 1,
1946
.0286
.0391
J7/aS
1946
1947
.0391
.0513
.0375
1947
.0421
.0577
.0551
.0726
.0607
.0795
a
Odd
lot
k Removed
t Ex-stock
1,
1,
t7/as Feb.
1,
t7/oc
Mnrch
1
1047
$7/aS April 1, 1947
v
sales,
Formerly
value,
UEx-50%
stock
§Stock
Co.
each
r
c
Chicago
Cash sale,
Canadian
Unlisted
issue,
Flexible
tin default.
Shaft
d Deferred
market,
x
s
delivery,
Cash
Ex-dividend.
y
e
sale—not
Ex-interest.
fFlat pi ice.
for year,
included in range
Ex-rigTits.
Corp.
tThese bonds
are
subject to all Federal taxes.
dividend.
distribution
for
price,
Exchange,
(Un)
the
•No par
Auto
b Yield
Stock
to
dividend.
.0513
Dec.
t7/aS Jan.
—
two
of
one
shares
additional
held
issued
share
March
of
$10
29,
par
1946.
capital
stock
of
Four
Wheel Drive
V
Number 4483
Volume 163
THE COMMERCIAL & FINANCIAL
CHRONICLE
2m;
the course of bank clearings
Week Ended April 13
will show
increase
an
compared
with
a
year
Third Federal Reserve
ago.
Preliminary figures compiled by us, based
upon telegraphic advices from the chief
the country, indicate that for the week ended Saturday, April 20, clearings
for all cities of the United States from which it is possible to obtain weekly
clearings
will toe 18.4% above those for the corresponding week last year.
Our preliminary
$12,328,438,027 against
total stands at
$10,414,358,192£jfor the
center there is a gain for the week ended Friday of 31.3%.
At this
week
same
in
Our comparative
for the week follows:
summary
996,405
610,383
809,941
Lancaster
808,841
790.551
Bethlehem
Chester
Inc.
1944
or
Dec. %
1943
$
$
910,984
+
23.2
594,610
+
29.5
601,733
—11.1
848,113
2,830,771
2,450,603
+
15.5
2,209,880
759,000,000
2,639,201
660,000,000
1,987,066
+
15.0
647,000,000
+
32.8
4,083,658
3,494,104
1,772,324
1,949,726
+
1-6.9
1,729,618
3,273»011
1,720,235
_
Philadelphia
Reading
Scranton
1945.
$
District—Philadelphia—
Pennsylvania—Altoona
cities of
1945
$
Bank clearings this week
1946
Wilkes-Barre
2,354,464
York
+ 32:8
614,765
521,457
732,000,000
1,792,683
2,914,584
1,849,370
2,486,260
2,148,425
17,228,476
t5,829,081
+
24.0
4,447,200
Delaware—Wilmington
•New Jersey—Trenton
•
,
848,305
2,069,373.-
3,335,*600
■+
33.3
5,845,300
7,3~23~600
+15.2
665,741,969
752,420,397
10.2
+
1,919,469
t
Total (10 cities)
Clearings—Returns "by Telegraph
Week Ending April 20—
1946
New York
1945
$4,585,239,014
+
428,950,085
+
2.1
539,000,000
561,000,000
...
305,966,023
+
200,463,798
174,352,166
+ 15.0
202,098,000
4
San Francisco
176,400,000
280,767,000
Pittsburgh
3.7
246,724,000
225,630,910
202,136,145
123,837,670
133,949,979
Ten cities, five days.
$8,495,092,666
$7,040,348,322
+
five days-
1,778,605,690
1,635,178,030
+
8.8
Total all cities, five
J.
days
599,791,859
+
+
We cannot furnish them today, in as much
and the Saturday figures
are
ail
In the elaborate detailed statement,
however, which
we
District
18;4
+
as
For that week there
was
an
increase
of
was
a
bank
clearings at this center having recorded
according to the Federal Reserve Districts in which they
an
Sixth
We group
Federal
credit
3.6%, in the Richmond Reserve District the totals
are
Reserve District of 22.6%.
are
larger by 7.2% and
an
3d
Philadelphia
4th Cleveland
10
7
-
5th Richmond
6th Atlanta
7th
9th
10
.1
*
Chicago
8th St.
10th
6
17
Louis.
4
Minneapolis
Kansas
7
11th Dallas
12th San
6
Francisco.
$
10
438,945,710
+
5,875,233,750
19.8
780,100,616
677,319.631
599,791,859
621,967,815
$
7.6
+
44
+
5,014,908,-513
*3.6
+
7.2
.
665,741,969
.
635,481,265*
6,019,305,004
752,420,397
676,042,153
290,148,428
277,211/813
We
now
+
10.8
399,781,219
add
our
+ 11.7
670,780,580
337,744,464
2'85,712,027
+ 18.2
297,167/943
+ 22.6
215,897,729
204,025,605
280,265,667
135,078,295
142,442,000
200,233,355
.
295,166,571
9.1
+
+ 19.3
150,203,453
"
f'all
574,743,765
10,441,227,164
4,743,932,575
8.8
491,070,367
514,065,477
+ 15.5
528,330,888
12:058,708,847
222,750
72,981,356
446,367,084
402(828,117
+ 10.8
399,781,219
353,950,507
Reserve
+154.4
District—Chicago1,781,798
+18.5
5,716,607
6,333,810
4,002,324
+
14.4
3,757,554
5,121,915
633,475
1,016,343
3,982,824
3,917,043
1.7
3,342,961
36,762,000
Terre Haute
Des
700,348
6,559,301
4,577,694
35,089,000
+
4.8
+
5.8
33,525,000
3,759,510
35,676,000.
3,178,874
11,226,005
46,161,061
+
12,098,609
15.3
8,806,502
U.9
36,360,056
+
18.4
20,045,380
15,278,478
+
31.2
1,945,484
17,324,164
10,416,104
City
Illinois—Bloomington
+
40,123,467
2,140,664
+
2,534,674
Moines
10,494,596
44,905,437
Wisconsin—Milwaukee
8,025,849
+
29.8
7,936,166
807,805
701,431
588,079,940
530,378,510
2,340,188
1,892,703
+
8,542,408
3,366,857
8,152,512
2,569,799
2,445,525
1,932,520
753,824,542
(17 cities)
675,137,419
+
3,747,616
3,803,502
1,886,028
15,016,906
4,917,303
15.2
63i;244
578,106
+ .10.9
532,999,437
23.6
2,291,683
521,820,127
1,907,631
+
4.8
6,978,875
+
31.0
2,606,840
+ 26.5
2,165,022
1,968,440
11.7
670,780,580
668,993,134
+
5.7
185,200,000
178,100,000
+
34.1
67,401;425
+ 47.0
77,742,613
41,877,369
1,021;000
298,740,982
+
5,470,048
2,342,293
Eighth Federal Reserve District—St. Louis—
Missouri—St. Louis
189,100,000
Kentucky—Louisville
"83,033,608
Tennessee—Memphis
Illinois—Quincy
64,125,991
178,900,000
61,912,318
43;621,139
1,484,865
1,278,570
+ 16.1
43,284,518
1,282,000
337,744,464
285,712,027
+18.2
297,167,943
9,491,804,568
10,871,138,836
9.7
4,648,290,966
Total
(4 cities)
Ninth
Federal Reserve
Statement
District—Minneapolis—
Minnesota—Duluth
4,719,823
St.
$
140,350,939
57(046,749
4,756,270
43,011,587
3,448,533
1,567,999
1,705,562
5,880,098
—19.1
3,986,541
5,220,160
245,428,950
Paul
4,268,637
170,182,066
Minneapolis
200,233.355
+22.6
215,897,729
204,025,605
North
Dakota—Fargo
4,187,265
South
Dakota—Aberdeen
2,175,823
10.6
4,480,519
5,187,209
+ 21.3
148,259,373
136,524,646
+
32.6
52,757,350
+
21.4
3,665,314
+
38.8
1,390,211
1,358,421
51,213,875
3,276,365
1,437,551
1,165,799
+
5,029,255,886
+
+
Montana—Billings
2,360,954
Helena
(7 cities)
+ 38.4
showing the figures for each city for the
1945
Inc. or
Reserve District—Kansas City—
250,821
$
Ded. %
$'
$
35.0
795,138
867,276
4.6
3,624,049
4,214,544
6.3
350,936,756
548,983,725
1,494.014
1,106,987
4,050,573
4,244,929
401,797,696
377,958,528
1,821,092
1,241,606
+
46.7
1,241,629
619,997
+
22.2
616,625
714,264
4,737,904
74,878,516
+
7.7
3,618,187
+
58.6
4,368,880
70,183,853
3,001,539
8,239,712
193,971,548
6,780,450
6,520,895
8.3
207,081
+
St.
—
+
New Bedford
2,151,824
1,452,574
4-
48.1
1,520,595
6,153,378
4,927,196
+
24.9
4,640,986
4,690,146
3,734,025
+ 25.6
2,934,881
3,008,774
19,591,072
17,082,629
+ 14.7
17,025,154
6,115,990
9.8
185,893,840
204,869,702
+
4.0
6,171,488
5,580,263
1,445,880
1,823,220
1,239,831
+ 47.1
1,459,243
1,114,959
+
30.1
896,980
322,081,773
295,166,571
+
9.1
280,265,667
5,910,795
3,251,950
+
81.8
2,827,957
2,730,714
143,526(G00
*" 16,911,464
120,797,000
+
18.8
108,088.000
115,860,897
14,062,922
+
20.3
13,576,651'
+
15.4
13,545,549
3,018,000
Total (10 cities)
19,813,081
3,506,071
+
1,450,334
Pueblo
6,938,587
71,938,008
7,795,117
993,858.
300,044,282
1,337,497
Springfield
Joseph
Colorado—Colorado Springs
413,656
—17.2
1,202,748
757,661
442,950
1.7
213,016,588
City
287,646
+
6,826,172
Wichita
+ 39.0
5,737,694
Kansas—Topeka
Missouri—Kansas
+
309,971
5,041,450
80,639,773
«
Lincoln
1943
231,502
430,978
5,125,743
Hastings
1944
Reserve District—'Boston—
LowelL
5,099,214
226,955
3,362,667
years:
at—
River
5,103,685
89,708,639
Omaha
Massachusetts—Boston.
12.9
+
7,774,632
Tenth Federal
Portland.
52,353,155
—
+ 29.1
Iowa—Cedar Rapids
300,044,282
179,243,048
_
2,526,224
1.3
50,917,113
42,000,000
+16.9
South Bend
Week Ended April 13
tfaine—Bangor.
4,825, 298
2,825,237
2,214,064
53,482,884
252 ,749
Lansing
tndiana—Fort Wayne
Indianapolis
298,740,982
1946
First Federal
50,709, 146
2,584,824
7.9
83,645, 277
Nebraska—Fremont
Clearings
9.8
+
+ 11.6
668,993,134
<•
detailed
+
2,064, 531
326,194
Grand Rapids
353,950,507
675,137,419
245,428,950
April 13 for four
2,747, 284
55,554, 577
10,180,110
97,765,876
(10 cities)
Total
week ended
126,700,000
321,489,944
402,828,117
322,081,773
Outside New York City
8,307,744
41,770,869
141,400,000
1.9
—
$
446,367,084
«
111 cities
42,526,903
5.9
5,447,772
Mississippi—Vicksburg
Rockford
310,999,229
"
34.8
+
50,044,856
PeoriaL_
753,824,542
44
+
3,015,382
Louisiana—New Orleans-
619,619,351
408,419,208
-
1-5.2
—
44
5,203,961,561
Total
Dec. %
•472,'228,720
44
321,489,944
149,700, 000
1943
1944
or
7,036,154,797
10
City
Inc.
««
•4
277,211,813
CLEARINGS
1945
$
12 cities
12
52,315,810
7.2
+
13,609 482
2,227,825
Total
¥ork__
42,611,176
39,719, 773
62,030,831
Springfield
New
157,017,198
159,600,000
Mobile
In the following we furnish a summary by Federal Reserve Districts:
2d
2,527,967
179,876,426
2.5
+ 33.3
13,355,535
_
1st Boston
1,395,998
7,450,000
77,923,743
—
53,552,813
Chicago
BANK
1,272,529
7i051,000
2.3
+
290,148,428
Decatur
1946
44.2
+ 16.0
14.6
Alabama—Birmingham
District of 8.8%.
.
1,526,564
5,895,000
70,552,799
+
Macon
increase
9.1%, in the Dallas Reserve District of 19.3% and in the San Francisco Reserve
SUMMARY OF
676,042,153
+
Augusta
The Chicago Reserve District has to its
In the Kansas City Reserve District there is
"Week Ended April 13—
Federal ^Reserve 'Districts,
635,481,265
2,530,636
Florida—Jacksonville
Sioux
of
3.6
49,436,599
Georgia—Atlanta
the
gain of 11.7%, the St. Louis Reserve District of 18.2% and the Minneapolis
a
287(375,785
Reserve District—Atlanta-
the totals show
In the Cleveland Reserve District the totals
Atlanta Reserve District by 10.8%.
in the
271,023,807
160,206,830
Nashville
improvement of 19.8%, in the Boston Reserve District of 7.6% and in the Phila¬
smaller by
'2,197,481
4,287,533
3.3
—
located and from
that in the New York District (including this city)
delphia Reserve District of 15.2%.
4,715,185
2,900,963
Michigan—Ann Arbor
an
2,306,153
0.9
310,999,229
Seventh Federal
appears
18,399,700
6.5
gain of 9.7%, the
increase of 20.3%.
are
19,090,800
11.6
65,922,812
Columbia—Washington.
(6 cities)
Total
cities
230,057,092
+
+
—
66,907,225
2,352,685
Tennessee—Knoxville
present further below,
15.5%, the aggregate of
Outside of this city there
week in 1945.
4,159,053
123,790,757
235,831,844
appear
the week
clearings for the whole country having amounted to $12,058,708,847 against $10,441,same
of
Total
able to give the final and complete results of the week previous—the week
April 13.
4,583,069
103,705,159
9.5
164,237,940
Maryland—Baltimore
has to be estimated.
cases
2,201,523
6,838,000
68,897,991
Richmond
South Carolina—Charleston
not available at time of going to press.
Accordingly, in the above the last day of the week in
Virginia—Huntington
Virginia—Norfolk
18.2
$10,414,358,192
2,788,211
+
—
Federal Reserve District—Richmond-
West
18.4
1,738,831,840
Complete and exact details for the week covered by the foregoing will
in our issue of next week.
this it
621,967,815
(7 Cities)
Fifth
7.5
$8,675,526,352
$12,328,438,027
1.4
4.7
—
4.5
+
—
2,054,739,671
Total all cities for week
227,164 in the
4,896,874
250,811,527
Total
—28.7
$10,273,698,356
All cities, one day
ended
18,391,800
242,459,326
Pennsylvania—Pittsburgh
20.7
Baltimore
are
20,518,900
2,968,794
*
Youngstown
13.8
+
160,837,673
ends Saturday
225,367,184
4,854,936
Columbus
5,028,073
114,684,146
203,911,241
„
Mansfield
14.6
+
211,184,026
!
Cleveland
Other cities,
4,959,742
12o! 118,920
_
Cleveland--'
•
St. Louis
we
Ohio—Canton
Cincinnati
3,9
—
317,427,574
Kansas City
Fourth Federal Reserve
District—Cleveland—
31.3
•437,863,726
Boston
677,319,631
%
$6,021,613,199
Philadelphia
780,100,616
Worcester
Connecticut—Hartford
New
Haven
8,105,033
Rhode Island—Providence.
ew
Hampshire—Manchester
Total
(12
cities)
6,777,458
20,561,400
19,062,300
1,054,831
737,481
472,228,720
+
19.6
6,226,178
7.9
18,213,100
24,248,700
43.0
644,117
902,806
438,945,710
+
Federal
Reserve District—'Dallas—
Dallas
Fort
7,387,349
+,'
+
Eleventh
Texas—Austin
Worth
Galveston
7.6
408,419,208
3,436,000
Wichita
2,258,394
1,662,990
7,200,395
7,451,591
Falls
Louisiana—Shreveport
619,619,351
Total
cities)
(6
179,243,048
e
Second Federal Reserve
District—New York—
Twelfth
Federal
Reserve
New
York—Albany
Blnghaihton
9,416,319
2,499,451
1,756,434
6,854,747,286
5,697,294,589
16,322,607
York
Syracuse..
13,935,810
8,591.887
^nectlcut—Igtamlord
■
13,336,623
Jersey"""
Cities)
+ 45.2
1,421,529
1,631,070
—
+
9.5
67,108,000
62,800,000
33.4
1,249,142
1,574,530
—16.3
1,042,458
+ 20.3
4,843,513,602
5,841,882,950
17.1
12,346,951
14,741,805
+
+ 19.1
6,796,908
8,889,627
150,203,453
104,650,(590
3,370,903
2,442,946
74,690,716
75,059,387
34,012,777
27,809,760
8,696,657
7,661,788
308,032,000
San Jose
8,4.88,535
Santa
3,762,748
+ 19.3
1,603,375
..
1,540,606
'6:138,112
5,746,234
rHb""'
"■
13^078,295
142,442,000
14.7
88,708,812
107,949,909
+ 38.0
2,298,441
2,083,035
+
0.5
70,936,371
90,594,560
+ 22.3
26,555,551
8,503,853
+
2.3
9,897,737
5,722,444
+
33.9
4.374,682
29,340,783
10,437,767
4,307,234
290,352,000
+
6.1
276,620,000
258,844,000
6,773,630
+
25.3
5,258,762
4,644,846
2,299,662
+
63.6
2,210,590
1,895,957
6,027,641
Lake
4,716,616
+
27.8
4,209,421
3,967,386
574,743,765
528,330,888
+
8.8
491,070,367
514,065,477
12,058,708,847
10,441,227,164
4,743,932,575
+15.5
9,491,804.568
10,871,138.836
9.7
4,648,290,966
5,029,255,886
City
California—Long Beach
Pasadena
San
3.4
4
120,000,000
Oregon—Portland
2,844,200
+ 35.8
—
Francisco—
*
Yakima
Utah—Salt
1,306,050
District—San
Washington—Seattle
Francisco
Barbara
Stockton
+ 10.0
6,334,458
'45.8
407,175
637,283
30,606,865
+ 10.1
29,480,070
29,613,800
Grand Total (111 cities)
37,236,514
+ 10.3
40,055,582
34,786,278
Outside
5,875,233,750
+ 19.8
5,014,908,513
6,019,305,004
—
8,368,580
7,428,117
604,281
"...
~
New
7,213,946
8,170,287
Jersey—Montclafr
Io"Rl
1,245,829
1,470.591
Rochester
Np*ark
63,945,000
1,662,539
^msstown
1,721,119
57,900,000
Elmira
NcrtUrn
4,885,046
'
Buffalo
Ne*
—24.3
12,435,032
2,977,000
414,495
33,705,323
41,064,226
7,036,154,797
+
Total
(10 CfrJss)
ilew
York
♦Estimated.
fNot
5,203,961,561
included
in
totals.
+
THE COMMERCIAL &
2196
Monday, April 22,
FINANCIAL CHRONICLE
Company and Issue—
Foreign Exchange Rales
o£ Section 522 of the Tariff Act of
APRIL
12,
1946 TO APRIL 13,
1946, INCLUSIVE
Aireon
Mfg.
1st
Page
Apr 30
33/4S, series A, due 1967
l
1853
May
due 1963
4(4%
preferred
3%s
Howell
1149
May
l
1718
jun
^
2000
& Charlotte Air Line Ry.—
mtge.
&
stock
Southern RR.—
1st mortgage
Atlanta
Bell
Date
preferred
Corp.,
Great
Alabama
Pag«
REDEMPTION
Company and Issue—
1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
FOREIGN EXCHANGE RATES v*.
CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
FOREIGN EALI1ANGE
Pursuant to the requirements
Date
PARTIAL
1945
stock
Co.,
B/G Foods, Inc., 5% debentures due 1960
May
Chesapeake & Ohio Ry.—
Ref. & Improv. mtge. 3VS %" bonds. 'serT D, due
1996_May
Chicago Corp., preferred stock
jun
l
1856
l
1723
.
New York
Noon Buying Rate for Cable Transfers in
Value in United States Money
Country and Monetary Unit
April 16
$
$
.297733*
.297733*
&
Argentina, peso—
.297733*
.297733*
Official
$
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
.251247*
.251247*
Free.
3.213946
3.213780
3.214126
3.214113
3.213780
3.213780
.022835
.022835
.022835
.022845
.022845
.022845
.060602*
ArmhxmlpUUTICI
.060602*
.060602*
.060602*
.060602*
.060602*
.051902*
.051902*
.051902*
..... ———
■.
twigium, franc
cruzeiro—
Official
Canada, dollar-
.909090
.909090
.909090
.909090
.909090
.908125
.907500
.907578
.907500
.9075C0
.570600*
.570600*
.
.570600*
.570600*
.570600*
.570600*
.020060
-Tblombia, peso
Czechoslovakia, koruno
Denmark, krone
England, pound sterling
France (Metropolitan) franc
.020060
.020060
.020060
.020060
.020060
.208766
.208766
.208766
.208766
.208766
.208766
4.033437
4.033437
4.033359
4.033359
4.033203
4.033359
.008410
.008410
.008410
.008408
.008408
.008407
.301215
.301215
.301215
.301215
.301215
.301215
.004434
India (British),
Italy,lira
.004434
.604434
.004434
.004434
.994432
.205800
.205800
.205800
.205800
.205800
.205800
.377892
.377892
.377892
.377892
rupee
Mexico, peso—
Netherlands, guilder
.377892
.377892
(R. H.)
.909090
.909090
.909090
.909090
.909090
.909090
.905625
.905000
.905000
.905000
.905000
3.226666
3.227000
3.227000
3.226666
3.226666
3.226833
.202020
.202020
.202020
.202020
.202020
.040501
pound
Norway, krone
i.
Portugal, escudo
Spain, peseta
Sweden, krona
'{Switzerland, franc
Utnion of South Africa, pound
.040501
.040501
.040501
.040501
.040501
.091323
.091323
.091323
.091323
.091323
.091323
.202020
Revere
.238520
.238520
.238520
.238520
.238520
.233626*
.233626
.233626
4.005000
4.005000
4.005000
4.005000
1st
Tide
.562900*
$4.50
Western
of
dollars)
Apr. 10,
1946
1946
Apr. 18,
1945
17,582,265
17,354,060
17,343,060
Gold certificates
Alabama
.562900*
.562900*
American
Superpower
Transit
$101,000,000 at all reporting member banks. Hold¬
ings of United States Government bonds increased $54,000,000.
deposits adjusted increased $608,000,000 in the
Chicago District and $706,000,000 at all reporting mem¬
ber banks.
United States Government deposits declined
Deposits credited to domestic banks de¬
in all districts.
R.
649,023
744,872
753,976
iOOtes
18,100,036
323,061
loans
-
18,098,932
316,191
18,231,288
250,970
326,299
1,525
ctf. reserves
Other cash
352,946
1,538
4,919
341,228
4,268
13.479,433
6,386,696
1,463,300
902,942
12,813,018
5,224,011
987,850
1,128,092
Acceptances purchased
6,963
0. 8. Govt, securities:
13,408,784
Bills
6,327,696
1.463,300
902,942
Certificates
Notes
Bonds
$114,000,000 in the" Chicago District and $98,000,000 at all reporting member banks.
clined
Dis¬
trict, $84,000,000 in New York City, $27,000,000 in the
St. Louis District, $15,000,000 in the Kansas City Dis¬
trict, and $360,000,000 at all reporting member banks.
Borrowings declined $189,000,000 in the Chicago
A
of the assets and liabilities of reporting
summary
member banks follows:
Total U. S. Govt, securities
22,102,722
Total loans and securities—
foreign banks
22,591,774
126,709
92,315
1,845,682
2,124.974
33,160
34.306
Bank premises
Other assets
49.676
45,287
52,140
Total assets
43,427,609
43,057,845
41,284,576
•
Apr. 11,
Apr. 10,
Apr. 3,
1946
1946
1945
$
$
$
Assets—
Loans and investments—total
65,338
Loans—total
15,224
+
—
loans
Loans
Liabilities—
23,995,130
24,010,627
22,504,029
15,395,107
15,405,767
14,582,323
Oeposits:
brokers
and
Other securities.
Other loans for
acct.
D. 8. Treasurer—gen. acet._
Foreign
33,717
260,307
dealers for
706.843
1,191,486
430,024
453,892
402,297
Total deposits
Deferred availability items
Other liabs., incl. accrd. divs
16,867,275
16,826.809
16,606,052
1,934,701
1,591,674
1,650,682
12,122
+
11,760
10,627
+
1,586
719
-—
purchasingnr carrying:
obligations—
—
—
1,875
42,809,228
42,440,870
40,771,390
Surplus (Section 7)
358,355
228,153
27,428
27,428
49,794
90,324
43,427 609
to
combined
make
44.3%
43,057,845
41.234,576
44.3%
46.6'.
indus-
60
Loans to banks
-
Treasury bills
-
1,485
3,153
Condition Statement of Member Banks
The condition statement of
weekly reporting member
of the Federal
Reserve System in 101
leading
6%
Crescent
5? ,^ov<;rnment deposits,
mgs.
$98,000,000
in
Commercial^» industrial,
creased
banks.
and
agricultural loans in¬
$30,000*000 in New York City, $18,000,000 in the
Pls^ricJ' ^d $54,000,000 at all reporting member
Loans
11
42
+
74
+
120
6
—
541
+
527
—101
—
4
+
2
+
44
+
325
342
+
9
580
389
4,580
—
12
+
—
23
+
—
54
9.816
2 157
1,219
+
26
3,425
Balances with domestic banks
18
—
204
—
Cash in vault
774
+
60
+
7
Obligations guaranteed by U. S. Government
7
—
8
+
41
26
+
to brokers and
dealers for
purchasing
or
SIT!"8
United States Government
+1 l?u $32>000>°M in New York City, $18,m the ,Chl£ago District, and $60,000,000 at all
epoitmg member banks.
nnn nnn
*
•
r
'^3
ing
or
carrying
United
Loans to others for purchas¬
States Government
obligations
Demand deposits adjusted
Time deposits
U. S. Government
-
deposits
778
+
706
+
37,259
9,750
22
+
1.547
86
+
5,950
—
13,970
—
2
314
15
—
268
,
98
—
1,267
-
400
—360
9,561
-
Foreign banks
Borrowings
and
1723
6
1859
stock
May
4
2002
stock
July
1
1562
due 1954
May
1
1861
July
1
1861
Jun
1
1861
Co.—
income bonds, series B,
1st mortgage 4s,
Fair,
6%
series A, due 1967
preferred stock
May 15
1863
stock—May 1
May 15
1726
mtge. gold bonds, series E, due 1977
July 1,'47
Gen. mtge. 3 Ye %
gold bonds, series K, due 1960
July 1
Gen. mtge. 3%^
gold bonds, series L, due 1970
July
1
Gen. mtg6. 3(4 % gold bonds, series M, due 1980
July 1
Griess-Pfleger Tanning Co., income debentures
Jun 30
§1513
Gardner-Denver Co.,
$3
cumul.
conv.
preferred
Gorham, Inc., $3 preferred stock
Great
Northern
4(4%
5(4 %
3 (is, series A, due 1968
Times, Inc.—
Jun
cumulative preferred stock
3
1866
2007
1
1285
May
1
preferred stock—May
5s due 1959
May
6
Gas Co.,
5(4s due
conv.
1st mtge.
1S50
Light Co.—
series A, due 1966
1st mortgage 4 (4s,
Merck & Co., Inc., 5(4 % and '4(4% preferred stock
JfiHller dJ) Sons Co., Inc., 8% preferred stock
Milier-WtJhl Co., Inc., 5% convertible preferred stock
Mountain States Telephone & Telegraph Co.—
3(4% debentures due 1968
Nineteen
Hundred
Northern New
class
Corp.,
t-
1
1
1867
2009
Apr
1
1431
Jun
1
1868
May 15
—
14,981
Utilities, Inc.—
bonds, series A, due 1946
Any time
1st lien & ref. &% bonds, series B, due 1947
Anytime
Northern Utilities Co., 1st mtge. conv. bonds due 1968—May
1
Leather
7%
7%
Co.,
preferred
Pennsylvania Sugar Co.,
Potomac Edison Co., 7%
Below will be found
945
C, due 1962-Apr 29
1770
preferred stocks
1st mtge.
& collat. trust 4%
bonds,
ser.
Railway & Light Securities Co., pfd. stock, series A
& Saratoga RR.—
General mortgage 4.7%-5(4% bonds due 1975
May
6
May
2
and
1st mortgage 4(4%
Smith
Southern
1st
May
Pacific
RR., 1st mtge. 3%s, ser. B, due
3%s, series C, due 1996
mortgage
1907
May
bonds, series A & B, due 1966
Paper Co., $4 and $4.50 preferred stocks
(Howard) Paper Mills Ltd., e% pref. stock
2014
6
6
8
1986-May 1
May 15
May
notes
Electric
&
1
1909
1772
Jun
Co.—
convertible
gold
debentures,
gold debentures,
notes
due
gold
series
A,
due
1951
Jun
10
series
B,
due
1966
Jun
10
debentures
1957
Jun
10
20-year 6%
due
gold notes due
May 10
1948
Oct
1948,
1
Standard Power & Light Corp., 6%
Stanley
stocks
Works,
Tamblyn
5%
preferred
(G.), Ltd.,
5%
gold debs, due 1957_Jun 10
stock
May 15
preferred
May
stock
given in the "Chronicle."
were
NOTICES
Date
Company and Issue—
Co.,
1st
&
Iodine
(dollar)
mtge.
Aug
bonds
Sales
Page
5%
cumulative
preferred stockmtge. pipe line bonds, 3 % series,
First
due
1965
22
2002
6
25
2003
Any time
§2822
Anytime
!r2822
Western Steel Products Corp., Ltd.—
5% general mortgage bonds, series A
Winnipeg Electric Co.—
Gen.
mtge.
bonds and/or debenture
-Anytime
§2824
Woolworth
2010
Oregon RR. & Navigation Co.—
consol. mortgage ooncLs due 1946
1st mtge. 5% bonds due
St. Joseph & Grand Island
Ry.—
mortgage
Public
bonds
due
Service
1946
4%
income
bonds
Virginia
and
,
1947
Co.,
35-year 3(4% debenture bonds due May 1. 1971
May 1
refunding mortgage bonds, series B, due 1990
May 6
Biscuit Co. of America, 3(2% debs, due 1955—May 20
5%
cumulative preferred stock
May 20
Utah Power & Light Co., 1st mtge. 334s, cue 1968
May 8
Apr
1950
income bonds due 1955-Apr
Consol.
2015
1615
May 13
May 13
*47
1
Rapid Transit Co., 7% 2d preferred stock
Apr 20
Tyler Building Co., gen. mtge. income bonds due* 1953—May 15
May
1968
bonds due
5%
2015
J 2490
1773
1773
2054
Apr 22
1036
1911
United
Corp.—
debentures due
1st mtge.,
2015
2015
1
3%
1
Oregon Short Line RR.—
Monon Coal Co.,
2C15
Union Pacific RR.—
TENDER
OF
2015
Tennessee Gas & Transmission Co.—
which the details
Nitrate
1481
1202
1614
Apr 27
1964
due
1946-1954
6%
list of corporate bonds, notes,
called for redemption,
a
common
Gas
due
6%
those
Terminal
1872
Saguenay Power Co., Ltd.—
Twin City
Louis
819
Quebec Power Co.—
Texas Power & Light Co.—
6% gold debentures bonds, series A, due 2022.:
July 1,
Thrift Stores Ltd., 1st cumul. red. conv. pref. stock
July
St.
1732
2011
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
1st
§2822
May 15
July 1
May 1
July
$1.40 pfd. stock, class A
4% debentures due 1952
and 6%
§2822
1
stock
Peninsular Telephone Co.,
Serial
Notices
4%
1870
York
1st lien & ref.
Ohio
1570
25
May
stock
A
1286
1286
July 8
Jun 17
May
convertible preferred stock
Southwestern Bell Telephone Co.—
1st & ref. mtge. 3(4% bonds, series B,
accounts,
Redemption Galls and Sinking Fund
income
1866
1
1
Shore
1
1866
May
10-year serial 2.15% -3 (4% debentures due 1946-50—May
Foods, Inc., 6% preferred stock
Jun
Hydro-Electric Bond & Share Corp.—
30-year 5% 1st collat. trust bonds, series A
May
Hunt
6%
5°+
2006
Hackensack Water Co.—
Standard
Chilean
2006
Southwestern Public Service Co.—
Gov't
S.
during week
Bush
1865
Ry.—
gen.
deposit accounts except
Holdings of Treasury bills increased $143,000,000 in the
Chicago District, $78,000,000 in New York City, and
Service
U.
demand
Conestoga Traction Co., 4%
Holdings of
1857
Apr 30
Detroit, Toledo & Ironton RR.—
Scott
Interbank deposits:
declined $22,000,000 in New York
City and $42,000,000
at all reporting members.
$204,000,000 at all reporting member banks.
1723
l
Jun
Rensselaer
Liabilities-
e
Jicluding
stock—_Apr 25
1856
May
preferred
preferred
1,543
4
+
referred
Corp., 5%
Corp., $1.75
+
deposits
banks, and $360,000,000 in borrow-
Public
1
§2142
1948
Loan
Steel
Collat. trust 6%
cities shows the
«
1997
1718
Dennison Mfg. Co., prior preferred stock
6%
following principal changes for the week
ended April 10: An increase
of $706,000,000 in demand
deposits adjusted, and decreases of
$86,000,000 in United
due
54
+
1.839
27,142
to
debentures
Commonwealth
Consolidated
banks
I
income
Page
May 18
stock
preferred
Corp., 6%
prior pref.
Corp., 5 %
preferred stock
Commonwealth Gas Corp.—
Madison Ry.,
6
Treasury notes
interbank
5%
Products
LeTourneau
5
—
1,243
11,244
7,053
Treasury certificates of Indebtedness
Debits
credited to domestic
1912
jun
Cherry-Burrell
Litchfield &
+
1,163
Domestic banks
1,480
-
l
May 1
Any time
1st mtge. 5s due 1951
Corp.,
4,247
27,165
50,991
deposit and F. R.
liabilities
ZHal loans
167.544
358,355
"
Total liabilities & cap. accts._
Ratio of gold certificate re¬
to
181.398
Certain-teed
Power
7,951
Reserve with Federal Reserve Banks
181,607
York
New
+
Other securities
Capital AccountsCapital paid in
30
2014—May
$5 preferred stocks
first preferred stock
&
+
+
422
Other securities
Real estate loans
U.S. bonds
liabilities
1910
Co.—
McLellan Stores Co., 5%
obligations——
Other loans
serves
$6
Corp.,
48
pur¬
U. S. Government
429,946
708,427
Other
Bote
Jun
due
debentures, series B, due 1975
Lowell Gas
7,560
—
to
U. S. Government
Federal Reserve notes
(Section 13b)
Other capital accounts
1
1
Date
$7,
91
chasing or carrying:
Commitments
Co.,
1st mtge.
(R. G.), Inc., $4.50
Commercial, industrial, and agricultural
Surplus
May
stock__July
preferred
Lake
increase (+) or
Decrease C—) Since
116
129,903
2,354,154
33,160
dollars)
20,498,467
no
110
1909
Corp.—
1st mtge.
of
20,152,971
22,232,371
22,437,509
#. R. notes of other banks
Uncollected items
Total
Power
Hartford
millions
(In
bank—reserve
$3.75
income bonds, series A,
.658300*
Treasury certificates of indebtedness declined $37,000,000 in the Chicago District, $31,000,000 in New York City,
Demand
Assets—
1732
1732
ENTIRE ISSUES CALLED
5%
thousands
1871
2013
Co.—
Pacific RR.
mtge. 414%
Butte Electric & Power Co.,
Apr. 17,
Member
1869
2011
series due 1965
Co.,
Securities
1st'preferred stock
.562900*
.562900*
Reserve Ranks Combined
Due from
Oil
Foreign
.658300*
and
Industrial
&
Baltimore
advances
l
Company and Issue—
.658300*
Statement of Condition of the i 2 Federal
and
May
due
Co.—
bonds, 3%
Associated
States
Central
Total gold
pipe line
mtge.
Water
United
Transmission
&
Gas
4.005000
4.005000
•Nominal rate.
Discounts
debs,
1863
I960—May 10
due 1953
4(4%
Co.,
debentures
debentures
.658300*
.658300*
.562900*
for F.
1570
.233626
.658300*
fund
series A,
Fibre
.238520
.233626
ffoncontroiied
Redemption
1730
i
Copper & Brass, Inc.,
Gen.
.233626
Uruguay, peso—
(In
l
l
jun
due 1962
May l
due 1963
May l
1st mtge, 314s, due 1960_May 15
Ruppert (Jacob) 4(4% preferred stock
July i
Squibb (E. R.) & Sons, $4 preferred stock
May l
Standard Cap & Seal Corp., conv. preference
stock___May 18
3%
3%
20-year
20-year
.905625
New%eiJandt
May
1952—May
England Power Co.—
1st mortgage 314% bonds, series A, due 1961
May 15
Pennsylvania Water & Power Co.—
Ref. mtge. & collat. trust bonds, 334% ser. due 1970_May
1
Ref. mtge. & collat. trust 3'4s due 1964
May 10
Fhilip Morris & Co., Ltd., Inc.—
Tennessee
Newfoundland, dollar—
1858
2002
& Electric Corp.—
Vulcanized
1858
l
1960-May 15
Transfer
1st lien collat. trust 5s.
National
j
Jun
conv. bonds due
New
.909090
Free.
debentures due 1950
conv.
debentures due 1961
& Co., Inc., 21/2% debentures due
Ry., 1st mtge., 3%s
20-year 3 %
Macy
Minnesota
.908125
Official
Co., 5%
Clyde Porcelain Steel Corp., 5(4%
Firestone Tire & Rubber Co.—
National Gas
.051902*
.051902*
.051902*
Free
Service
Cities
April 18
April 17
$
April 15
April 13
April 12
1907
Dare
series
Stores,
B
(F. W.)
•Announcement
Inc.,
preferred
;
;
May 30
stock,
ser.
A
,;
May
1
2055
1617
1774
1618
2056
sinking fund debentures-July 15
162.
this issue.
Jin Volume 161.
§In Volume
Co., 2(4%
in
Mar 31
stock
Number 4483
163
Volume
Per
DIVIDENDS
Name ot
Dividends are grouped in two separate tables.
In the
$2.25
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 tne company name in our "General Corporation
and Investment News Department" in the week when
Per
International
7%
Glove Works, Ltd., 6V2%• pfd. (s-a> —
Aircraft Radio Cbrp. (irreg.)
'Aireon Mfg. Corp.,'«0c conv. pfd. (quar.i__
Alaska Packers Association (irreg. 1
Allied Control Co. (initial pfd.)
(quar.)
Allied Laboratories
Aloe lA. S.rCompany
(quar.)
Acme
Kawneer
Kress
:——
Holiert
4-27
be
15c
$5
1334c
15c
50c
5-
1
4-15
Leitch
5-
1
4-19
5-15
5-
Loblaw
5-
4-15
6-10
5-15
5-15
5-
1
4-30
4-19
5-20
5-
4-30
4-22®
6
4-22*
4-
5
6-30
4-24
6-
5-15
6-
5-15
6-
5-15
5-
4-23
5-
4-23
5-23
35c
5-
Co.,
Products Corp.
Automatic
Co.
4V4%
preferred
25c
12Vic
$1.0614
(quar.)
Buell Die
(stock
& G.
Water
Canadian
&
Insur.
Telephone Co.
Shares,
Ltd.,
6-15
5-
1
5-15
1
5-15
6-
4-15
27!hc
1
5-17
4-25
4-15
5-25
5-15
7-
1
6-20
5-15
4-30
5-
4-15
t$1.50
5-15
4-20
15c
(irreg.)
A
5-15
5-
$1
5-
1
4-20
4%
preferred
(quar.)
$1
8-
1
7-20
4',,
preferred
(quar.)
81
11-
1
10-21
Carpenter
& Co.
(L. E.)
Castle
(increased)
pfd.
Carpenter Paper, 4%
(initial quar.)
1
M.)
& Co.
(irreg.)
50c
5-10
4-30
Cherry-Burrell
Corp.,
common
20c
4-30
4-24
50c
4-30
4-24
20c
5-15
5-
(A.
preferred
4'.,
Chesapeake
Colonial
4%
(initial)
Stores,
Commonwealth
Nast
Virginia
Inc.,
preferred
Int'l
preferred
pfd.
conv.
(quar.)
Lobster
1
5-18
6-
1
5-18
6-
1
5-
9
£4c
(quar.)
Extra
5-
1
60c
6-
1
5-
4
6-
1
5-
4
6-
1
5-15
10c
(quar.)
(quar.)
4-15
5-15
25c
$2.40 pfd.
Corp.
5-15
55c
Ltd.
(quar.)
(increased)
(quar.)
Laundries
Consolidated
6-
25c
75c
Corp.,
Publications
Consolidated
50c
4
50c
5%
Iron,
Connecticut Light & Pwr.,
$2.20
f
(increased)
common
(quar.)
Colorado Fuel &
Conde
of
Corp.
4-30
4-13
45c
Glass
Consumers
Continental
Co.,
Motors
Ltd.
Corp.
4-30
4-13
i50c
5-31
4-30
15c
(quar.)
(reduced)
5-29
5-
1
Amer.
Crown
dep.
&
Curtis
for
rets,
ord.
Sexton, 4%%'
Drug
Co.,
7%
Manufacturing
(final 1
reg.
pfd.
conv.
pfd.
conv.
Co.
(Mo. 1
New
Investment
Domestic Industries,
Dominguez Oil
Dominion
&
&
5%
preferred
Eversharp, Inc.
(stock
Insurance Co.
Federal
Compress
Preferred
7%
4-13
5-
1
4-22
4-30
4-17
1
5-15
6-30
5-31
5-18
7-
1
6-15
25c
5-
1
4-19
75c
6-
1
5-15
45-
1
6-
1
5-
1
6-
1
5-15
4-17
6-
1
5-
5-
1
4-22
5-
1
4-22
25c
preferred
A
ij!^s 'chas.
Electrochemical,
Purred
pfd.
common
(accum.)
(quar.)—
(quar.)—
Co.;
common
pr,eferred (quar.)—
Huh0,
Westmorc, 6%. pfd.
Loan
—
fin,.*
Co., 5%
preferred
~
~
(quar.)
(quar.)
30c
30c
30c
25c
~~~
10c
Corp.
~
Extra
15c
25c
$1.75
25c
$1
$1
$1
common
prior pref.
(quar.)
preferred
preferred
4%
4V2%
B
(quar.)
D
(quar.)
preferred
Morris &
(quar.)
(G. C.)
City
(quar.)
(initial»_
Co., new common
Dairy
National
(Cleveland)
Securities
National
Lines
Co.
(Colo.),
Series
B
(quar.)
Products
Lead
Co.,
New Process Co.,
preferred
pfd.
7%.
(quar.)
common
I
(quar.)
American
Car
Corp.
(quar.)
American
(accum.)
5 % %
7
preferred
United
Oliver
Ontario
(quar.)
common
Filters,
5%
5-15
Pacific
_
6-
pfd.
6%>
5-10
5-15
5-15
6-
5-15
6-
5-15
Phillips
Johnson
Co.
(s-a)
Screw
Pinchin
6-
1
7-20
5-11
7-
6
Plough,
(stock
Inc.
tional
Portland
two
&
Coke,
7%
Gas
Service
Public
Corp.
preferred
preferred
preferred
preferred
Public
(initial 1
One addi¬
Service
of New
__
(monthly)
(quar.)
Electric
preferred
(quar.)
Puget Sound Power & Light Co
Radio-Keith-Orpheum, common (initial)
3V2%
Mfg. Co.,
6%
(quar.i
6-
1
5-27
6-
1
5-27
6-
1
Ltd., common
(irreg.)
Ruppert (Jacob), common
preferred
4V2%
Security
5-
1
4-16
5-
1
4-26
Abraham
(quar.)
Pulp
Co.,
Acme
25c
6-
1
6c
5-
1
4-15
Kellogg
Stamford
Gold
&
Water
Co.
Dredging
convertible
$1.60
Fire
Stoker
5-27
Affiliated
4-15
Ainsworth
5-
1
4-18
5-
1
4-18
5-
1
4-24
6-10
5-31
Allied
6-10
5-31
Canada, 5% pfd. (accum.)
Amalgamated Sugar, 5% preferred (quar.)_
50c
$1.75
$1.25
|50c
30c
6-20
5-10
7-
2
5-28
6-
1
4-26
1
4-20
56-
1
5-
5-
1
1
1
5-15
5-15
(A.)
&
4-29
5-25
Co.
4-30
5-15
4-30
5-15
4-30
$2
5-
4-16
4-15
4-
5-24
4-18
$1
1
1
4-20
6-15
5-15
6-15
5-15
6-15
5-15
6-15
5-15
6-28
80c
7%c
75c
7-
1
6-20
5-
1
4-20
5-
1
4-20
5-
1
5-29
5-
3
6-
3
5-
1
4-23
4-15
$1.50
7V2c
12'/2c
5-
1
4-23
4-15
4-20
4-
9
4-15
208
1
6-
1
6-
1
1
6-10
5-
1
4-18
6-
1
5-
$3.60
5-15
7-
preferred A (quar.)
preferred B (initial)
Atlas Plywood Corp.
(quar.)
Atlas Powder Co., 5%
conv. pfd. (quar.)__
Atlas Steels, Ltd. (quar.)
Aolt & Wiborg Proprietary, Ltd.—
5'/2% preferred tquar.)
Aunor Gold Mines, Ltd. (quar.)
Austin Nichols, $5 class A (accum.)
4%
1
4-29
4-18
5-10
4-30
5-10
4-18
5-15
Aviation
4-23
6-15
Avondale
8
40c
6-
Two
4-20
1
$3
Beck
& Oil
7
'
5-
7
4-27
7-
2
4-26
7-
South
(increased s-a)
(increased quar.)
Trust Co., Ltd.—
2
common
Quarterly
Street
j
Corp.
(quar.)__
(quar.)
Electric Co/,.Common
(quar.)
preferred (quari)__Lz_
Bloomingdale pres., Inc:_
Blue Ribbon Corp., Ltd., 5%
$7
$1.41%
50c
1
5-11
6-15
5-25
pfd. (qv.ar.)__
Blue Ridge Corp., $3 conv. preferred (quar.i.
Optional payment (l/32nd share of com¬
25 l/10c
4c
37%c
25c
$1.50
62 %c
62 %c
4-18
2-15
Bon
4-10
4-25
5*15
8*
5*
1
10*/ T
$6
9J20
preferred
Boston
6-20
-
or
1
4*12
5-
1
4-15
4-20
4-10
1
Boston
Edison
:
(quar.)
Co. (quar.)
Fund, Inc.
(quar)
6-20
7-
3
10-
5
9-iO
4-25
4-10
4-25
4*10
4-20
3-28
5-
1
4-3
5-
1
4-16
$1
4-30
4-15
15c
75c
5-15
4-17
5-15
4-19*
75c
5-
40c
t$1.25
12V2C
1
4-22
4-10
4-
8
20c
5-
1
4-15*
64c
50c
7-
1
6-
I
$1.75
SOc
$10.00
50c
$1.25
$1.25
75c
$2.25
$1.50
$1.50
$1.50
$1.50
t5c
5-
3
4-30
4-
5
4-19
5-31
5-
6
6-
1
5-
1
5-
1
4-15
5-
1
4-12
4-15
7-
5
6-22
7-
5
G-22
4-22
4-12
5-
1
4-20
8-
1
7-20
11-
1
10-22
1-31-47
1-21
5-11
4-27
t68%c
5-
1
$1.12'/2
$1
$3
25c
1
4-
(initial)
-
4-10
5-
t$1.12Va
J22'/2c
$1.50
$1
$1
90c
25c
$1.25
i25c
t$1.37,/a
15c
$1.25
56V4c
5c
100%>
25c
17%c
8%c
83/4c
83/4C
30c
4
6-29
6-19
6-29
6-19
5-14
4-15
6-
1
4-30
5-
1
4-15
6-
1
5-
7
5-
1
4-
4
5-
1
4-
5
5-
1
4-
5
5-
1
4-24
5-
1
4-19
5-
1
4-16
5-
1
4-15
6-
1
5-10
4-11
4-25
5-
1
4-15
5-
1
4-15
5-
1
4-15
4-30
4-20
4-30
4-20
4-30
4-13
4-22
4-15
6-11
7-
1
10-
1
9-10
1-2-47
12-10
4-20
4-
I
1
4-30
4-30
4-15
5-
1
4-20
5-
1
4-20
20c
5-
1
4-23
6-
1
5-15
50c
40c
$1
5-
1
4-18
5-15
4-25
4-20
4-10
25c
5-
1
4-15
$1.75
22V2c
162l/aC
5-
1
J25c
$1.50
75c
cash)
Ami Co.,
Extra
1
5*18
1
74
■
stock
class A (quar.)
Class E
(quar.)
Booth Fisheries Corp., common
2-15
4-18
4-12
5-
$1.183/4
common
5-13
6-
1
75c
& Hedges,i$2: conv.
Birtman
mon
registered
La Salle
Shoe Corp.,
preferred
(quar.)_
20c
pfd.
(quar.)
S.)
$6 1st pfd.
(quar.)
pref, (quar.)
Best & Company (Oftcreased)
Biddeford & Saco<Water Co,
(quer.)
9
Securities
preferred
(A.
4%%
4-27
|3c
_
1
5-
t3c
(quar.)
6-
4-15
5-
35c
prior preferred
Benson
$1.50
30c
37'/2c
iquar.)_
Corp.
Beaux-Arts Apartments,
for
5-
pfd.
7%
Porcelain Steel,
Baystate
5-10
4-25
(quar.)
(quar.)
7%
(quar)
Bangor Hydro-Electric Co. (increased)
Bathurst Power & Paper, class A (quar.)—
4-13
6-
Co
Co.
pieferred
preferred
7%
5-20'
1
75c
Wilcox
of P*e
4-25
$1.12
100%
preferred (quar.)
Fund, Inc
Axe-Houghlon Fund "B" Inc
$4.50
Axe-Houghton
7-20
50c
(quar.)
& Transmission Co., 5%
Company,
Corp., $2.25 preferred (quar.)
Mills,
common
(monthly)
6
(interim)
Ordinary deferred (interim)
Torrington Manufacturing Co
1st
5-
6-15
preferred (quar.)
Topeka & Santa Fe Ry. (quar.)__
Atlantic City Electric, 4% preferred (quar.)
Atlantic Refining Co.—
4%%
5-
(quar.i_L.___.
Pacific Coal
Ordinary
$6
5-15
(quar.)
Atchison
5-15
Mines, Ltd., com.
Roofing Co.
Trane
Argus
6-15
&
Tennessee Gas
Tobacco
Oil Corp. (s-a)
Corp., 4%% preferred
Associated Telephone, Ltd.—
Argo
6
1
40c
20c
1
Texas
5-
7-
6
5-
Tilo
5-31
4-23
5-15
5-
6-
7-16
6-28
5-15
5-18
Sylvanite Gold
5-15
Anglo-Canadian Oil Co., Ltd. (interim)
Anglo-Canadian Telephone Co.—
5%% preferred (quar.)
Appalachian Electric Power Co.—
4 V2V0
preferred
(quar.)
Arcade Cotton Mills, common
6%
preferred (s-a)
5-15
1
6-18
6%
6-10
(quar.)
divi¬
Wnen
Payable
Co.—
45c
(quar.)
In prevlott*
being given in
25c
Cable
preferred
iquar.)
prior preferred
(quar.)
prior
preferred
(quar.)
prior preferred
(quar.)
6%
5-31
100%
Bearer
Post
prior
6%
4-20
5-
&
Fence
Wire
Anaconda
Anchor
5-
(quar.)—
(quar.)
American Zinc Lead & Smelting Co.—
$5 prior preferred
(quar.)
Amoskeag Co., common (s-a)
$4.50 preferred (s-a)
1
$1.75
$1.50
1st pfd
common
preferred
5 7e
4-20
4-30
Corp.,
American Viscose
(quar.)
5-
1
1
(quar.)
American Superpower Corp., $G
American Stove Co.
10c
dividend 1.
4-10'
40c
(monthly)
American Service Co., $3 pfd. participating
American Smelting & Refining, common
7% preferred (quar.)
Products
Home
Baltimore
(quar.)
(stock
5-15
5-1
—
Irregular
5-20
5-15
(Florida)
Fire & Casualty Co.
American
5-
1
7-26
1
5-23
split-up
Common
$2.75 class A optional dividend at rate of
3*2 of one share of class B stock or cash_
5-15
7-
(increased quar.)
American Barge Line Co. (quar.)
American Can Co.
(quar.)
American Cities Power & Light Corp—
Corp.
Petroleum
Amerada
4-22
7-
Corp
Stores
Aluminum Co.of
5-31
5-25
(quar.)
Co.
Reduction
Extra
Rubber
6-
6-27
Air
&
J.)
6- 1
20c
20c
25c
25c
Quarterly
5-31
6-20
convertible preferred (quar.)
Fund
Manufacturing Corp. (quar)
55c
Baldwin
<N.
5-15
5-31
133Ac
3c
1
Babcock
preferred
5-15
6- 2
6-15
4-16
4-16
27%c
50c
(quar.)
4-30
5-15
1
25c
5-
Corp.—
Co.
6-15
Inc.—
6-15
5-15
Insurance
Standard
5-1!'
5- 1
5- 1
87,/aC
4-18
4-30
Extra
Standard
5-15
30c
10c
Share
Adams-Millis Corp.
Aircraft Corp.—
Platinum
Sons
$1.12,/2
Aeronca
5-25
5-
6-15
5-20
5-31
&
5*41 ^
4-30
The list does not Include
paid.
convertible preferred
5-15
(quar.)
1
7-15
6-
6-10
Alloys,
Aluminum
30c
(quar.)
4-24
5-fl
5c
Inc
Straus,
&
$1.50
pfd.
common
6^5-
6-12
(quar.)
announced this week, these
$1.10
1
6-15
t29c
22%c
(quar.)
American
5-22
5-15
3IV40
(quar.)
Name of-Company
Paper Mills, Ltd.—
4%
preferred
12V2c
25c
25c
preceding table.
5-21
Insurance (New Haven)
(quar.)___
(Laurai Candy Shops, Ltd.
(quar.)_
(Howard)
.5-15
5-10
5-16
6-10
6- 1
7- 1
5-1
5-27
tl5c
t$1.75
25c
$1.12V2
(quar.)
Paper Co.,
preferred
6- 1
$1
$1.50
$3
the dividends announced
Below we give
dends
$1.25
pfd. (initial)
pfd. (quar.i_
conv.
9- 3
12- 2
5-15
6-15
Inc.—
preferred
weeks and not yet
30c
Common
Republic Drill & Tool Co., 6%
Rich's, Inc. (quar.)
Riverside Cement Co., $5 pfd.
6-
30c
+$3.50
40c
$1.06 V4
4-15
Gas Co.—
&
(quar.)
40c
6-
1
5-
6%
(quar.)
5-20
6-28
4-30
5-
Industries,
convertible
Consolidated Gold Fields
4-
Jersey—
(quar.)
preferred
6- 3
9-16
12-16
6-1
8-
$1.25
$1.75
25c
30c
(accum.)
5-25
5-21
5-
8-15
$1.25
50c
$1.75
$2
pfd.
(accum.)
4-19
5-31
5-15
6-15
5-15
15c
5%
Yuba
held
preferred
6%
dividend).
each
for
Clothier—
6% prior preferred (quar.)___..
Sun Ray Drug Co., common.^
6%
preferred
(quar.)
1
Woodall
12-
5-25
12%%
Pittsburgh Finance Building Corp.
one
9-
5
Shrs.—
Amer.
Ltd.
Co.,
&
Final
Stein
5
6-17
25c
25c
$1.06'A
25c
preferred
Corp
5%
Bankshares
Winconsin
37%c
34%c
31'/,c
(quar.)
RR.
& Delaware Extension
Spencer
6-
9-
12-
6-
25c
preferred
(quar.)
preferred (quar.i
5-
6-
5
Brothers,
Wilson
12
5
6-
American
(monthly)
Co.
Electric,
&
Gas
5% '/■
South
50c
12-
6-15
6-20
5-17
6- 1
6- 1
25c
20%c
Brake___-
Air
Westinghouse
2c
Brush
Fibre
5-15
1
9-
4-15
75c
Soundview
1
5
Extra
50c
(quar.)
Co
4-20
6-
9-
1
t$3
20c
(quar.i
(quar.)
preferred
6%
6-
J15c
t$1.25
Class A
&
Common
7%
5
t$1.75
Ltd.,
Owens-Illinois Glass
$5
5-
6-
40c
}25c
(quar.i
Quebec Railway is-ai
Oswego Falls Corp., Ltd
Ottawa Light Heat & Power, Ltd.—
7%
5-15
$1.37%
(accum.)
Bancorporation (increased)
Flour Mills,
Ogilvie
6%
1
4-30
$1.50
preferred
Noithwest
51r
5-
1
5-15
Investment Corp.—
preferred
5%
6-
1
50c
1
A
Niagara Hudson Pwr., 5% 1st pfd. (accum.)
Niagara Lower Arch Bridge (quar.i
Ox
4-29
$1.75
Mallison Fabrics
6%
5-15
25c
(initial
Food
National
North
5-15
6-10
25c
35c
(quar.)
Products
National
North
5-15
1
C-15
4-23
5-15
75c
50c
25c
Per
(s-a)
Bank
Plan
National
7%
4-20
1
6-10
6-
6-1,5
4-23
5-15
•
7- 1
5- 1
6- 1
7- 1
7-10
58%c
58 %c
58'/be
$2.50
J15c
Knitting Mills, common (increased)
6%
preferred
(s-a)
Wellington Mills, Inc., 6%-pfd. (s-a)
Wentworth Manufacturing Co., com. (quar.)
$1 conv. preferred
(quar.)___
West Virginia Coal & Coke Corp
West Virginia Pulp & Paper Co.—
4%% preferred (quar.)
!
Westchester Fire Insurance Co. (quar.)
Essex Extension RR. Co.—-
Guaranteed
Morris
C
(quar.)
Wayne
$2
Minneapolis-Honeywell Regulator Co., com._
4%
5-
1
40c
(quar.)
4-30*
15c
(Joseph)
3
4-10
5-15
15c
Monthly
Monthly
30c
30C
25c
$1.12,/2
$1
t55Vac
37'/2c
i5C
~_
$1
(monthly)
(quar.)
(quar.)
Bakeries,
preferred
4'/4%
4-20
(quar.)
preferred
(initial quar.)_.
Inc.
Laboratories,
5- 1
6- 1
$1.25
Potash Company
S.
4-30
20c
of California—
$1
Co.
1
5-
_■
50c
(quar.)
E.) Co. (quar.)
Renfrew & CO., Ltd., 7%
preferred
6%
Strawbrldge
(increased)
Quarterly
7-13
T
25c
common
preferred B (quar.),
board, Spencer Bartlett &
6%
Standard
(quar.)
4-17
8
5-10
(quar.)
4-30
$1.50
5-15
$1.75
5-
20c
(quar.)
preferred
4-15
r>'<
Haverty Furniture Cos.
Heyden Chemical
Corp.,
preferred
6%
preferred
(initial)
Solar Aircraft, 90c conv.
9
50c
preferred (quar.)
Havana Electric & Utilities Co.—
6%
1st preferred
(accum.)
Quarterly
Smith
4-26
5-
25c
Universal
5-16
5-14
Co.—
(quar.)
5-15
1
5-14
1
25c
Refractories
U.
1
6-
6-
10c
Extra
4-30
6-
6-15
25c
Class B
5-15
5-21
4-15
5-15
t7c
5-10
5-31
1
5-
25c
Harbison-Walker
5%;
15c
(quar.i-
5-10
1
5-15
35c
Secord
20c
Sheraton
Corp.
(quar.)
5c
Silex
Company
15c
Silver Creek Precision
5c
Simpson's, Ltd., 4%% preferred (quar.)
t$1.121/2
Singer Mfg. Co., Ltd. Ordinary registered__
4%>
1
5-15
25c
1
6-
1
25c
25c
25c
25c
(quar.)
(quar.i
California, CI. A
5
1
40c
Extra
no
5-
$1.75
(quar.)
Inc. (quar.)
Ballicrafters Company (quar.)
Hallnor Mines, Ltd
Hancock Oil Co. of
lw
1
6-
$1.75
5-
6-
1
6-
Utility Equities Corp.—
$5.50 prior preferred (accum.)
Waite Amulet Mines, Ltd
(quar.)
Rolland
60c
(quai'. >
5-15
75c
4-25
5-
5-15
Universal'Pictures,
(quar.)
preferred
preferred
7- 1
1
$1
$20
40c
5-15
(quar.)
5%
non-cum.
50c
53c
53c
53c
6
4-15
1
prior preferred
6%
4-15
(quar.)
4
5
15c
Bale Brothers
Stores,
Snnil
1
56-
20c
(quar.)
Store Products
Gulf Insurance Co. of
Dallas
'
5-
5-15
6-21
Co.
preferred
$1
4-23
4-23
5-15
8-
5-
$150
Initial Stock
5%
Michigan
5-20
5- 7
5-1
6- 1
5-
6-18
1
(quar.)
Acceptance Corp.
Messenger
$1.10
25c
50c
50c
preferred
Light & Railways Co.
81c
37,/2c
25c
6-28
5-25
""
Fiank
&
Mercantile
6-10"
5-17
5-17
(quar.)
common
5-
__
Bonding & Insurance (quar.)
Mclntyre Porcupine Mines, Ltd. (quar.)
9
5-15
87l/ac
(s-a)T
(initial)
comrnbn
new
Meadville Telephone Co.
Meier
of
(Del.), corn..(monthly)
6% prior preferred (monthly)
6%
prior preferred (monthly 1
6.36%
prior preferred (monthly)
6.36%.
prior preferred (monthly)
6.36%
prior preferred (monthly)
7%
prior preferred (monthly)
7%/ prior preferred (monthly )
7%
prior preferred (monthly)
United New Jersey RR. & Canal (quar.)
U. S. Hoffman Machinery (increased)
15c
87'/2c
20c
Massachusetts
Reliance
4-15
$1.25
Grocery
*
6-
6-10
25c
(quai.)
common
4'/a%
8%'
125c
t$1.25
(quar.)
(Phila.)
Co.
partic. (quar.)
Corp., common (quar.)
preferred (quar.)
8
25c
(increased)
General Foods Corp. (quar.)
Graton & Knight, 7% preferred
Great Lakes
Dredge & Dock Co.
Common
6-
1
25c
(quar.i
(quar.)
Co.,
preferred
6-29
5-
25c
(quar.i
Class AA
(quar.)
Fulton Industrial Securities—
General Cigar
4-23
10c
(quar.)
preferred
5-15
$1.25
common
Fuller Brush Co., Class A
$3.50
4-26
1
7
50%
America
_*
Co,
7
5-
50c
Extra
Carpet
56-
15c
Federal Electric Co., $1.50 Class A
Ferro Enamel Company
Fire Association of Phila. (s-a)
Firth
50c
30c
100'/'
$1.12V2
Warehouse
&
4-22
1
Ltd.—
dividend)
ol
5-11
5-
5
31V4c
(quar.)
(monthly)
Anglo Investment Corp.,
Duquesne Brewing Co. (Pittsburgh!
Equity Corp., $3 conv. preferred (accum.)—
Excess
5-31
$1.75
1
9c
Shares
Bradstreet, common
preferred (quar.i
4V2%
5-
40c
(s-ai
5'r
preferred
(quar.)—
Dominion Steel & Coal Corp., CI. B (resumed)
Dun
5-15
5-15
20c
Trust
Fields
3-21
6-
43 %c
(initial)
common
4-17
28'/sc
10 l/10c
(initial)
(quar.i
Dallas Ry. & Terminal Co., 7%
pfd. (quar.)
Delaware Rayon Co., Class A
Detroit Gasket & Mfg., 6% pfd. (quar.i
Detroit International Bridge (stock dividend 1
Diocesan
Fully
Masonite
Passaic
Courtauld's, Ltd.—
Cribben
_
(quar.)
Corp.
Nation-Wide
1
50c
Inc.
Insurance
partic. preferred
Murphy
5-20
(quar.i—
CI.
1
5-20
10c
s-al
pfd. C tquar.)
5-
1
4-30
100'«
2c
(quar.)
(increased
J.)
5-15
6-
28c
dividend)
Groceterias,
Marine Bancorporation
7%
6-
20c
Water Service, 4.4%
California
1
5-15
7c
(quar.)
Machine Co.
&
(A.
California
7-
1
33c
Stratton
Caldwell
5-15
20c
preferred
Briggs &
6-
10c
(quar.)
(Sidney)
4-20
5-16
COrp. (quar.)
Bliss iE. W.) Co., 5'/(■ preferred
6%
1
5-16
Beneficial
Blumenthal
5-17
6-13
(quar.)
Bell & Howell Co., common
1
6-
6-13
(quar.)
United
5-11
25c
pfd._
conv.
(quar.)
3%% preferred
Corporation,
6%
4-30
5-10
$2
$1
fielding-Hemingway
4-20
$1
Works
Iron
Bath
1
6-15
$2.50
common
I
Mines
Lumberman's
Marathon
6-15
Line RR.
Gold
5 %-
4
40c
(Mo.)
(quar.)
Lynch
5-
non-cumulative preferred (s-a)
Automatic Canteen Co. of Amer
5-
5-15
Lyon Metal Products, Inc.—
50c
5%
B
6-15
75c
50c
10c
Atlantic Coast
Class
4-20
4-15
Mfg., $1.40 preferred (quar.)
Atlantic Coast Line Co. (Conn.)
1
quar.)
Inc., $4.50
1
4-30
Asbestos
6-
Machine
1
50c
15c
50c
62V2c
75c
30c
(quar.)
Biscuit
30C
7-
Appleton Company (quar.)—
Arkansas-Missouri Power (irreg.)
Corporation
United
(quar.)___
5-
American Meter Co.
Artloom
J
h- 1/
25c
25c
7- 1
6- 1
6- 1
J2c
Marine Ins.
G.)
Liquid Carbonic,
37 Vac
4-26
Lehigh Portland Cement (increased)
Liberty Aircraft Products Corp. (quar.)
Liggett & Myers Tobacco, common (quar.)
1
25c
preferred (quar.)
6%
9
(quar.i
(R.
5-10
Extra
(increased
Monotype
Tourneau
6-
—
Co. (Vt.) (quar.)
American General Corp., common (special)$2 preferred (quar.)
$2.50 preferred (quar.)
$3 preferred (quar.)
American Light & Traction Co., com. (quar.)
7-
$1.75
& Company
J$3.25
$3
25c
31sc
50c
American Fidelity
(S. H.)
vl Rec.
25c
5%
Lines,
(quar.)
75C
Fire &
Payable
Alpha Portland Cement
Amalgamated Leather Cos., Inc.^
6%
convertible preferred taccum.)
American Book Co. (quar.)
American Business Shares, Inc
American Distilling Co.
(quar.)__..-
(finau"
Ltd.
(quar.)
Company
Lanston
1
Air
Kingan & Company, $4 preierred (quar. i__
Kings County Trust Co. (Brooklyn) (quar.)
Le
1
30c
United
Harvester Co.—
preferred
Kansas City
Lansing Company
When
Share
I"
Industries,
25c
50c
Storage Co.
4-25
6-10
(quar.i.
Inc
America,
Union
5-
1
7- 2
Asbestos &
4-30
ot nee
17%c
Rubber
Union
5-15
(quar.)
Imperial Chemical
4-20
1
Payable
Share
Name of Company
Holier»
When
Per
of Re0.
5-
2197
T
Holier•
Payable
15c
56'/4c
(quar.)
common
Hygrade Food Products
declared.
The dividends announced this week are:
Name of Comvany
preferred
When
Share
Company
Hussmann-Ligonier Co.,
first we
Extra
u
THE COMMERCIAL & FINANCIAL CHRONICLE
$1
+62V2c
25c
6-
4-15
4-25
4-13
5-
1
4-12
6-
1
5-10
4-30
4-15
4-30
4-15
4-20
5-
1
25c
5-
1
$1.50
5-
1
4-20
5-
1
4-10
5-20
4-30
50c
16c
4-20
-uivyfi--''
wniiaOH'
m
If
Monday, April 22, 1946
per
Name of
.^Boston
Personal
Company
When
Share
Property Trust
*
Quarterly
Bourjois, Inc., $2.75 preferred
(Boston)
Payable
Holder»
(quar.)
4-20
3-30
.
Distillers
(Vancouver;
683Ac
StraTtor7~Corp.
(stock
1:
If! i
fi
;>i!i
6%
Columbia
2nd
4-19
5-20
4-19
$6
4-25
4-15
6%
5-
4-15
1007c
__
British Columbia Pulp &
Paper—
7% preferred (accum.)
British
5-20
1
4-16
5-
1
4-19
Bruck
Silk
Mills
5-
1
4-19
4-8
5%
40c
pfd.
(initial)__
Brothers,
preferred
Byers
(A.
Cable
&
M.)
7%
I
f;
1
4-11
5
4-26
6-
1
5-
1
6-
1
5-
1
$1.75
5-
1
4-15
(auar.)__
2aA7c
*$1.50
Co;,
com.
*37c
(quar.)
4-10
5-
com.
(quar.)
4-30
1
4-15
Dominion
5-
1
4-1,0
6-28
6-10
1
4-29
4-29
4-30
4-
7-
1
1
A
Common
B
(increased)
Canadian .Investment
Canadian Investors
Corp.
Canadian Marconi
*$1-50
Ltd
*5c
(quar.)
5-
1
4-
.6-
1
(increased
quar.)—
Estates,
Carolina
5-
5-
&
CarpenterrPaper Co.,
Ohio
Ry.
common
(quar.)
$1.25
—
(quar.)
$6
preferred
Central Hudson
Common
Central
,
Gas
&
4 7c
&
4-
25C
4-30
4-
9
$1.50
5-
1
5-
1
4-15
13c
5-
1
4-10
$1.25
4-21
$1.17
preferred
(Texas i —
4-25
Trust
.
$1
Co.
Columbia Gas &
Electric,
<6% preferred series A
preferred 57o
Columbia Pictures
$4,25
preferred
41/4 7o
&
1
12-
1
11-
1
com
5-
common
Rubber
preferred
Fort
preferred
Gear &
Pitt
Brewing
Foster
&
Foster
Co., Ltd. (quar.)
Froedtert Grain & Malting,
Common
$2.20
(stock
preferred
preferred
4-15
4-
477«c
5-
4
$1
5-15
5
9-15
9-10
12-15
12*10
$1.50
377aC
12
6-
1
5-1
6-10
5-15
4-15
5-;l
4-15
7? c
5-
1
4-15
5-1
4-24
,5-
1
4-24
5-
1
3-29
5-15
4-15
5-15
4-15
6-1
5-21
6c
(quar.)
4-25
4-10
7-
6-14
433Ac
Y.)
5-
3
5-20
5-
4
20C
6-
1
6-
1
5-17
—
A
(quar.)__
(irreg.)__
5-
1
4-19
65c
4-25
4-
,$1
vtc
4-20
4-10
5
(quar.)
Inc
■,
*20c
5-15
4-27
4-25
4-15
6-29
6-14
$2
$1.75
7-
1
6-18
3772c
5-
1
4-20
87 Vic
5-15
5-
25c
1
Investors
5-
4-
5-
4-20
9
,6-
5-15
4-30
4-1.6
6-
1
5rl7
9-
1
8-16
12-
1
11-15
4-23
4-16
5-
1
4-15*
5-
1
4-20
5-
1
4-19
7-
6-15
10-
9-16
Mills,
Inc.
pfd.
(accum.)
(irreg.)
—
4-20
4-25
5-
1
4-15
4-15
$1
4-30
4-16
4-25
5-15
4-20
4-
5
A
Co","preferred
(quar.)
(annual)
conv.
(H. L.) Company (quar.)
Qriesedieck Western Brewery Co.—
572%
conv.
preferred
(quar.)
Griggs Cooper & Co.—
4-20
preferred
5-
1
4-11
4-15
Hat
4-25
4-10
50c
4-25
4-10
Company,
1
5-
1
Kokomo
pfd.
4-30
4-15
4-15
15c
5-
1
4-15
$1.0674
5-
1
4-17
8772C
5-
1
4-11
$1
5-
1
4-12
2c
5-
1
4-20
5c
5-15
Co.
(quar.).
Inc. (s- a)
(quar.)
&
Furnace
4-15
5-
4-15
(quar.)
Stores,
Supply
4-25
4-30
4-15
5-10
4-15
4-30
4-15
4-15
4-
5-
4-20
4
Fund
15c
4-30
4-
4-30
4- 9
4-20
4-
6'
87 72 c
5-20
5-
1
*5c
4-26
3-29
5-
1
4-15
3-29
■
$1
*2c
(quar )_
Lebanon
Wayne
(Indiana)
Insurance
4-22
6-
1
5-10,
7-
1
6-14
8-
1
7-15
5-
1
4-15
6-
1
4-23
$3
5-
1
4-30
Lincoln
4-16
Link-Belt
20c
5-15
4*17
Lion
(quar.)
4-
5-1
3
5-
1
4-20
5-
1
4-20
5-30
5-25
4-30
4*16
4-20
4-10
50c
>4*25
Co.
Co.
Bros., 67c preferred (accum.)
Little Miami RR. Co., original capital
$1.12%
4-25
4-*0
75c
6*15
5*15
Lock Joipt Pipe Co., common
87a
preferred .(quar.)__
$1,25
6-15
5-15
Loew's
25c
5-1
9;097c
guaranteed
4*15
5-
1
,4-20
5-1
4-15
$1.25
t$37.33y3
7-
1
1
10-1
5-15
6-25
9-25
4*30
5-1
4-25
1
5-10
87c
Power
Macy (R. H.)
&
5-
4-15
4-15
57c
preferred
4-
9
57c
4-30
4-
9
Melville
$1.25
5-15
5-
3
47c
I1"22
2-24-47
4-20
6-21
7-
1
1
,5-
1
$2
5-
1
4-17
37 %C
.,4-25
3-30
6-13
4-20
4-?0
5-
1
1
4-17.
5-
1
4-15
5-
1
5-
1
4-30
4-15
4-20
3-29
50c
6-
5-15
93ciC
50c
5-
5-15
6-
5-17
6-
75c
5-
$1.50
4-15
5-
4-15
—
4-15
5-
433Ac
5-31
433Ac
8-31
11-30
25c
'quar.)
5-
20c
5-
5-
$1.25
(quar.)
5-
94c
(quar.)
Shoe Corp., common
preferred (quar.)
9.
22c
433Ac
(quar.)
(quar.)
common
4-
4-5
25c
Co.
Co.,
5-24
8-23 -
.5-
50c
pfd.
preferred
933Ac
9-10
12-10
47
2-24-47
30c
Extra
4-30
6-l°
*50c
(irreg.)
Co., $3 preferred (accum.
preferred (quar.)
McGraw
1
(quar.)
(initial)
4
5-
8-23.
1
6
30c
3-10-47
5-
4-
$1.1272
5-24
11-22
88c
—
Department Stores, com. (increased)—
$3.75 preferred (quar.)
May McEwen Kaiser Co. (increased quar.)__
Electric
6-10
9-10
12-10
$1,567
& Co. (quar.)
Investors Trust
McLellan Stores
4-25
$1.0674
4-
1
4
5
4-15
$1.0674
4-20
1
5-
6-
pfd. A (quar.)
672% preferred—
4-24
5-
4-15
1
$1.50
40c
683Ac
68%c
1
6-21
(quar.)—
$1.50
6-
1
56-
10c
&
McCall Corp.
(quar.)
McClatchy Newspapers, 77c
17c preferred (quar.)
77c
preferred (quar.).
*22%c
11-
4-25
7-26
10-26
$2
May
1st
1
1
15 c
(quar.)
(Ky.), com.—
Co., 474 7c
Marshall Field
5-
8-
50c .3-10-47
4-30
$1
(quar.)_
2nd preferred
Electric,
Maple Leaf Milling, Ltd.
$6
4-22
50c
Light, ,$6 pfd.
Luzerne City, Gas fy Electric—
474% preferred/ (quar.)
Maytag
5-13
50c
1
(monthly)
Louisville Gas & Electric Co.
Louisville & .Nashville RR. Co.
Madison Gas
5-27
60c
50c
^
Massachusetts
6-
Theaters
Lord & Taylor,
Louisiana
6-10
$3
(quar.)
Extra
6*28
25c
$1
Special
9
4-19
n,
4*10
-4-
4-13
1
—
$1.10
4-1
.4-20
1
1
$1.10
1
■5*15
4-15*
5-
5-
$1.10
Original capital
Original capital
Original capital
4-25
s$3
,40c
4-15
5c
Co
Boston
4-15
4-15
1
5-
5-
5-
30C
(irreg.)
(quar.)
30c
4-8
1
4-25
;5Qc
50 c
♦
Petroleum
11-15
5
5
$1.1272
30c
Specialtguaranteed '(quar.)
Special guaranteed (quar.)
Special guaranteed (quar.)___
5-
74C
30c
,
Match
56
4-
7- 5
10-
50c
Lit
25c
5-15
8-15
(Fort
Quarterly
4-10*
4-30
75c
(quar.)
4-29
25c
Corp., 47a7o pfd. (quar.)___
Libbey-Owens-Ford Glass
Libby McNeil & Libby (increased)
Quarterly
4-U,
5-21
75c
Stores
35c
34%c
:
1
6-12
37 72C
4t19
$1.25
(quar.)
B3/47o
preferred
(quar.)
Hercules Powder Co. 57c
preferred
5-
40c
,
25c
5-
7-25
Marx
$1.50
25c
3-15
7*25
preferred
4-15'
*5c
4-25
8-1
„
4-15
1
25c
Life
4-20
4-30
:
National
5-20
4-20'
5-
(s-a)___
Lerner
3-30
5-20
6-20
$1.75
(quar.)
3-25
1
12- 2
$1.75
4-19
5-
9-20
12-23
50 c
3-25
4-20
1
$1.50
Lane Bryant, Inc., 472 7® preferred
(F. & R.)
& Co.
(quar.)
<
1
34%c
(quar.)
(quar.)
Lazarus
5-10
1
7-
$1.12 %
$1.1272
(quar.)
common
preferred
Lamaque Gold Mines (interim)
Lamston (M. H.) Inc., $6 preferred
Lapdis Machine Co., common
5T*0
5-
10-
1372C
^—
1
5-25
9
8c
4-22
5-25
4-17
4-10
20c
(quar.)
4-22
;6c
4
1
25c
5-
1
5-
5-
4-27
25C
Valley Gas. 67c pfd. (quar.)
Lee Rubber & Tire (quar.)
Lehigh Portland Cement (quar.)
1
4-17
1
$1.25
Common
1
5-
20c
(quar.)
Commoi.
4-20
4-15
40c
Inc
:
2nd preferred
25c
5-
4-30
25c
Co.
preferred
4-22
4-15
9
4-30
preferred (quar.)
Kroger Grocery & Baking Co.—
17o
5-10
8-10
11-
15c
57c
2nd
1
3
2
6272c
Company,
17o
5-
9-
12-
(quar.)__
conv.
Works, 6 7/ pfd. (quar.)___
S.) Company (increased)
Manufacturing Co.—
4 72 7c
Kroger
6-10
30c
Water
9*16
30c
1
3-30
30 c
(S.
1
3-30
8
6-
4-20
4c
10-
1
4-
6-15
8c
Inc., common
preferred
(quar.)
1st
75c
common
1
4-
30c
Department
$1.3772
67c
1
30c
Light (quar.)
Times, Inc., 5y2% preferred
Corp of America, 4%
pfd. (quar.)
Hecht
4-
1
25c
Kobacker Stores.
6-15
4*24
Hartford
4-25
1
5-
IV2C
(quar.)
,
Knickerbocker
5-
4-24
(quar.)
$1,25
772C
5-
83Ac
(resumed)
Co.,
(D. Emil)
Quarterly
Quarterly
1
1
Co
Schaffner &;
Hartford Electric
$1.75
133Ac
Klein
4-10
4-19
Ltd.—
(quar.)
Kellogg Switchboard &
Co., com.__
37o
preferred (quar.)
Kennedy's, Inc., common (irreg.)
Kentucky Util. Co., 17c junior pfd. (quar.)
Kerr-Addison Gold Mines, Ltd
Kingan & Co., 4% preferred (quar.i
Kirkland Lake Gold Mining (s-a)
7-
1
Cotton, Ltd. (quar.)
Harbison-Walker Refractories Co.—
67c
4-15
(Providence)—
Shoe
Co.,
Kaufmann
5-15
5-
Hamilton
Hart
4-19
1
(quar.)
Battery
3772c
5-
(quar.)
preferred (quar.)
(Chas.) & Co., Ltd., 7%
4-17
W.
Kresge
8-1
1st
4-15
1
5-
& Johnson—
Kroehler
30c
Green
1
Canada,
2nd preferred Series A
Johnson Ranch Royalty Co.,
4-18
..J.*.
5-
5-
25c
(quar.)_-
47c
11-20
30c
Extra-
4-20
Johnson
1
-——u
$1.12
Tea
1
SOc
Brothers
Jewel
5-
31 Vic
(/Quarterly
Halle
$1.1272
preferred
Co.
L.)
Johns-Manvillc
12-
$1,25
preferred (quar.)
Granitevllle Co. (quar.)
Gurd
4-30
1
(quar.)
preferred
Jantzen Knitting Mills—
Common
(increased
quar.)
25c
15c
(quar.)
Grace National Bank (N.
Y.) (stock div.)_.
Graham-Paige Motor Corp.—
preferred
(F.
5-20
>25c
quar.)
Inc., common
preferred (quar.)
Goodyear Tire & Rubber, com. (increased).
$5 convertible preferred
(quar.)
Gorham, Inc., $3 preferred
1st
4-30
1
5-
Inc
4% 7o preferred (quar.)
Corp., 3%% pfd. (quar.)„
(J.ohn)
8-20
25c
(s-a)
Brothers,
5 7c
1
6-
6272C
Irving
1
25c
$4.50
57,
6-
,
Jacobs
1
4-18
1»
40c
Manufacturing Co.—
(quar.)
(quar.)
Investors Trust
6-
1
5-
3-28
Co.—
(quar.)
Ironrite Ironer Co., 55c
9-
5-
5-20
4-30
Fireman
Common
K.
1
20c
Corporation
(irreg)
Common
4-15
*$1;25
Class
& Lewis .Machine Tool Co
Gillette Safety Razor com
(increased
$5 preferred (quar.)
0 '■
4-15
Common
4-15
377ac
biddings
i57c
4-13
4-30
$1.75
'
'
4-30
25C
30 c
(Boston)
Goshen & Deckerstown RR.
Gotham Hosiery Co., Inc.
4-25
5-
50c
par)
par)
Resisting
convertible
67c
Intertype
Lincoln
(Rochester),
Gimbel
3-20
377ac
$1
(quar.)
Gibson Refrigerator Co.
4-15
5-20
(quar.)
15c
3
(S. A.)
4-15
1
shares
40c
57a
preferred
(quar.)
Genesee Brewery
Glass
1
5-
25c
10c
(quar.)
Corp. (increased quar.)
Steel Wares, Ltd., common
(quar.)
Gerrard
4-25
75c
(quar.)
General Shoe
General
5-
50c
20c
($100
Kalamazoo Stove
25c
(quar.)
Trust
20c
Brothers
Dayton Rubber Manufacturing Co.—
6
$0,777
5-17
75c
_
(N.
5-15
40c
(quar.)
A
I
50c
Light, .4%%pfd. ,(quar.)___
Davenport Water, 57c preferred (quar.)
pfd—
preferred A, (s-a)
preferred B (s-a)
General
General
25c
Dallas Power &
-n
non-cum.
common
Corp.. 17c
Finance Corp.—
_
4-30
*$1.50
*$1,50
6-15
6 7c
Baking Co.,
Electric Co.
4-15
$1.33
40c
(quar.)
3-20
55c
Gabriel Co., 57c preferred (initial)
Gardner Denver Co., common
(quar.)
convertible
1
Investors Mutual
*50c
(quar.)—_
(quar.)
Fulton Iron Works Co., 6%
9-20
12-20
5-
Ltd.—
common
($5
1
9-30
$1
Group
Corp.,
International
1007c
com.
General
1
4-
5-
20c
General Cable
1
5-
$1.50
dividend)
5-17
12-30
shares-,.
Bond
preferred
preferred
37V2C
(quar.)
5-
5-
6
7c
(irreg.)
4-24
5-
4-
10c
Co
Co.
Corp., 67o preferred
67o preferred (quar.)
Franklin Stores Corp. (quar.)
Franklin Telegraph (s-a)
4-20
35o
5-
15c
General
.5Qc
quar.)
(quar.)
common
General
5c
(quar.)
Corp.,
(quar.)
Wheeler
Kleiser
77c
1772c
Machine
preferred
4-15
$1
Extra
(quar.)
Bros.
convertible
1
$1.25
(quar.)_.
preferred
IIV2C
5-15
1
Co.
qnd
1772C
(quar.)
General Aniline & .Film Corp. class A
(irreg.)
Class B
(irreg.)
9
4-15
50c
4-20
5-15
(quar.)
(initial
&
5-
$1.25
(quar.)
International Detrola Corp.
International Nickel Co. of
4-15
25c
(s-a)
$1.25
(s-a)
common
Tire
J.)
Co
4-30
$1
(quar.)_^
Group
Aviation
Stock
4-10
5-
25c
Fitzsimmons Stores, Ltd.—
77o preferred (quar.)
60c
Zinc
Interchemical
Iron
5-
10c
4-20
5-
9
5-
$1.50
(N.
6
Co.—
common
preferred
Illinois
6-20
9-20
,12-
$1;0674
4-15
2 72 7c
9-30
4-19
$1.50
1
York, Inc.—
(s-a)
$2 Class A preferred
4-19
6
$1.50
5-15
37V2C
(quar.)
Inc.,
5-15
5-
50c
5-15
60c
preferred
Common
5-
50c
New
Cunningham Drug ^Stores,
Davidson
1
50c
Co.
Firestone
Foote
Co.,
Power
A7o
17c
12-21
10c
Insurance Co.
7%
Idaho
1
$2.50
Firemen's
57c
Cuban-American Sugar Co.—
"
7%
preferred (quar.)
Press,
6-
5-
,35c
$1.25
(quar.)
(initial quar.)
Refining, common
(St. Louis), class
Crown Drug Co.
,8%
preferred
372 7c
4-10
*25c
(quar.)
Corporate Investors, Ltd., Class
Cuneo
4-20
1
5-15
6-29
25c
..
(quar.)_.
5-
6-19
2
$1.25
*
(irreg.)
$2
4-11
5-
4-
$L25
Fibreboard Products, Inc.—
67c orior preferred (quar.)
1
6-29
4-15
$1.25
(quar.)
4-27
5-
5-22
1
$1.25
common
4-27
40c
15c
1
$1.14
$5 pfd. A (quar.)
(quar.)
(quar.)
Inc.,
(quar.)
Investors
20c
25c
(quar.)
Corp
4-15
$1.25
Securities,
OIVzc
Federated Department Stores,
4V27c convertible preferred
Y.)
preferred (quar.)
57c
preferred (quar.)
57c
preferred (quar.)
Huyler's,.$2 1st preferred is-a)
$1 2d;pfd. (this payment clears all arrears)
$1 2nd preferred (s-a)
Institutional
$2.50
Quarterly
Quarterly
Fedders-Quigan
1
5-15
5-15
57c
Incorpoiated
$1.05
(quar.)
Line
5-
50c
1
2
Farmers & Traders Life Ins.
(Syracuse, N. Y.)—
4-11
*25c
(quar.)—
Quarterly
Hotel
1
*$1.50
pfd.
$3 prior preferred, (quar.).
Exchange Bank Trust Co.
Products
4-19
5-
$1.0674
Corn
Corn
4-30
25c
(quar.).
Royalty Oil Co
Consolidated/Steel Gorp., $1.75
pref.
Consolidated Vultee Aircraft
Corp
Container Corp
qf America
Coronado
4-15
1
i3c
Consolidated
1
4-15
5-
50c
Co.
Varnish,
4-20
$1.25
(quar.)
'Exfra
,
4-17
5-15
$1.25
of
(quar.)
Fraser
Co
Consolidated;Natural;Gas
Cook Paint &
1
15c
,
Consolidated Edison Co.
jMs, preferred (qpar.)
Consolidated'Paper
5-
Electric—
Consolidated;Dearborn Corp.
Goods
8-15
4-17
$1.06 74
$l,partic.,preferred Class A
.$1 partic. ..preferred Class B
pfd.
4-] 0
1
4-
30c
Co., $6
5-15
5-21
6-
3-30
1
$1.50
$1.50
pref.
Consolidated Chemical1
Industries—
Consolidated Dry
Extra —r
1
1
20c
(quar.)
River-Power, 67c
Share
&
11-21
6-
3-31
$1.12y2
Corp.
Pipe
77o
4-15*
2
100 7c
Co.
Bond
preferred
$3
Commonwealth Loan Co?, 57 preferred
Concord Gas^Co., 7%
preferred (accum.)__
Confederation Life Association
(Toronto) —
>,
Quarterly
Connecticut
1
5-
25c
(quar.)
Edison
5-
6-30
1
Co.—
(The), 6','r
preferred (quar.)
Fairbanks Co. 67o pfd. (quar.)
4-12*
Inc.—
Ohio
Ry.
(accum.)—.
Fair
4-20
1
9-
5c
(quar.)
preferred
Commonwealth
1
5-
6-
(quar.)
series
Southern
5-
1
5-
$1.50
—
Co., common
preferred
(quar.)
Eureka
4-30
Louis Ry.--
57c
Street
8-21
1
J5c
3-30
5c
Products
preferred A
preferred A
Esquire, Inc.
4-15
20c
(initial)
Corp.com (stock dividend)
Columbus
1
$1.25
(quar.)
Cum.
5-
.8-
$1.50
$1.50
Fidelity & Deposit Co. of Maryland
Fllene's (Wm.) Sons Co. (quar.)
$1.25
Breweries Ltd. (quar.)
Coca-Cola Bottling Co. of St. Louis
(quar.)__
Cockshutt Plow Co., .Ltd. (s-a)
Semi-annual
Stock
1
$5
Coast
Aire: aft/ Products,
dividend
(quar.)
1
Corp.—
5-
50c
,
B
$5
1
$1.25
Cincinnati New Orleans & Texas Pacific
57c preferred (quar.)
57c preferred (quar.)
City Stores Co., common (increased
quar.).
Class A (increased)
City Title Insurance Co. (N. Y.)
(quar.)__
Colgata-Palmolive-Peet
Inc.
9-
12-
4-15
$1.50
,4V2 7c
,
Massachusetts
preferred
Co.,
1
25c
(quar.)
(quar.)
4-30
,20c
Talc
1
6-
U5c
Foods, 6% preferred
Huron Holding Corp.—
On new 10c par value stock
Huttig Sash & Door Co.—
4-30
$1.12 J/2
(quar.)
$5
4-19
5-
40c
...
Chicago, Milwaukee, St. Paul & Pacific RR.—
5% participating preferred A
(initial)
Columbia
Corp.
Erie Railroad Co.,
(Mass.)—
(quar.)
Manufacturing Co.
Cleveland.Cine. Chicago & St.
57c
preferred .(quar.)
(initial)
&
Williamsport RR. (s-a)
Empire District Elec. Cc., .57c pfd. (quar.)
Employers'
Group
Associates
(quar.)
4-15
6-
$1.6272
(preferred—^,
Clarostat
5
1
$1
35c
Bank
5-
50c
.Quarterly
5%
certificates
Ferry Cap & Set Screw Co.
de Pasco Copper
Certainteed Products, 67c
prior preferredStore investment Corp.—
$6.50 preferred (quar.)
Chain Store Real
Estate
4-
Fibre
5-
25c
(quar.)
J25c
Elmira
4-15
$1.75
—
Light Co.
6-3
4-15
3-31
4-25
common
9
Cerro
National
2
4-30
Chain
Chase
7-
$5.25
preferred
Cherry-Burrell.
1
Electric-
(increased quar.)
Power
5-
12V2C
Investment
Corp
Central New York
Power, 57c
Central
6-20
9-20
(quar.)
Light .& Power—
(quar.)
(quar.)
preferred
,$7
1
1
1
1
5-
$5
4*10
7-
(accum.)
Celotex
Arizona
4-20
10-
$1.1272
Cassidy's,': Ltd., ?% .preferred
Corporation, common
'5 %
preferred
(quar.)
Chemical,
Electrical/Products Consolidated
4-26
25c
_
'
1
25c
Common, (quar,)
preferred
(quar.)
4l/27c
Central
5-
55-
4-JO
Electric
1
15c
Clinchfield
4T15
4-15
4-25
41/2 %
1
5-15
1
5-21
trust
Electrolux
5-15
3-30
5-
1
8
115c
Inc
4-25
.5- 1
5-
Ekco
4-15
*2%c
Extra
3-30
6-
3-29
*4c
Co.
4-30
5-
Eastern
4-15
1
*10c
Canadian Oil Cos.—
Common
&
Magnesia
Quarterly
Quarterly
3-29
5-
4-20
4-15
1
15c
67c
4-30
4-30
5-
$25c
2
4-30
Fund,
4-13
*12 %c
Eastern
5-31
Industries,
1
5-
(quar.)
5-31
7-
Inc.
preferred
67o
3-30
25c
„
common
Lighting & Power
preferred
(quar.i
Hummel-Ross
4-25
$1.50
(N.
tlOc
Tar
Eastern
* 1272C
8-12
3
Co.
Barbizon,
$4
4-30
Woolens & Worsteds, Ltd. (quar )
Drug (quar.)
DuPpnt (E. I.) deNemours & Co.—
$4.50 preferred (quar.)
Duro-Test
Corp.
(s-ra>
Dwight Manufacturing Co. (increased quar.)
4-10
5-22
5-22
*25c
(quar.)
com.
Ltd.—
(increased)
Capital
5-
*31c
9-
& Co.,
Houston
4-6
Hardart
&
4-16
4-15
25c
(quar.)
t30c
t.30c
Extra
Voting
4-10
,*25c
common
4-13
4-20
t,20c
*$1.25
Dominion
3-20
1
4-23
137 Vac
t20c
Dow
5-
Horn
Hotel
t$2
5-
4-25
6
8-6
t75c
5-15
*15c
5-
8-15
l?0c
4-30
*3772c
*■$1,25
5-15
25c
pref. (quar.)
preference (quar.)
4-15
50c
Hormel
t30c
1
*50c
4-10
2c
5-15
75c
4-25
t$1.25
(initial)—
common
3772C
(quar.)
Common
cumulative
6-15
5-14
(George A.)
4-25
1
Hunt
Malting Co., common
(quar.)__
Common
(quar.)
57c
preferred
(quar.)
Dominion Oilcloth & Linoleum (quar.)
*183Ac
Products, Ltd.,
Second
redeemable
1
1
3c
lc
5-
4-25
25c
7-
preferred
4-26
$1.25
(quar.)
6-
75c
Mines,
1st
A
Of ReC
5-15
15c
__
tlOLaeri
5-15
$1
class A (quar.)
Home Oil Co.. Ltd. (annual)
Horder's,
Ine
(quar.)
$Loey«
Dominion
1
(quar.)
Class A
Canadian ■
4-10
1
—
.
Canadian .Food
1
5-
30c
preferred (quar.)
Canadian Car & Foundry Co.,
Ltd.,
New Class A (initial)
Canadian Converters Co., Ltd.—
A
5-
*20c
(quar.)___
57c
Class
4-10
1
class
Payable
75c
$1
25c
Co
Ltd
Dominion Engineering Works, Ltd
Dominion Fabrics, Ltd., common (quar.)
4-16
5-
Products
6272C
$3 pfd.
Lid.,
5-21
5-15
50c
Corporation, new
Shares,
Inc
67c
Association (s-a;__
Canada Machinery Corp., Ltd.
(s^a)
Canada Northern Power
Corp., Ltd.—
Common
(quar,).
Bronze
Divco
1
50c
Dividend
Dome
California Water & Telephone—
$1.20 preferred (quar.)
Camden Fire Insurance
Canadian
4-15
56-
.
California;Electric;Power,
4-25
$1
6-
67/'
Dewey & Almy Chemical, $4.25 pfd. (quar.)
Diamond Match Co., 6% partic. pfd.
(s-a)
Dickey (W. S.) Clay Mfg., 6 7. class A
Distillers Corp.-Seagrams—
57c
preferred
(quar.)
15c
1
1
Co.—
Detroit
Steel
5-
7-
$1.1272
—
5-15
Ltd.—
preference (s-a)
Calgary Power Co., Ltd., 6% pfd. (quar.)__
Caldwell Linen Mills, Ltd.—
$1.50 1st preferred (quar.)
80ff 2nd participating (quar.)____
California ^Racking .Corp.,
57c
preferred (quar.)
if
(quar.)
(quar.)
(quar.)
preferred
4-18
5-
preferred (quar.)
Hibbard Spencer Bartlett & Co. (monthly)
Higbee Co., 57c preferred (quar.)
Holly Development Co. (quar.)
Holly Sugar Corp. (quar.)
Holt (Henry) & Co., $1 class A (quar.)
50C
pfd.
Co
Co
Stove
preferred
1
4-18
(quar.)__
common
25c
472%
Yard
Mfg.
4-15
1
When
Share
$4
$1
4-19
20c
5 % %
uft-J
&
Detroit-Michigan
4-20
25C
6-15
$1.1272
$1.12%
m-eferred
(Holding),
.
Gasket
Stock
4-
75c
v
(initial)
4-30
20c
(quar,)_^
Co.,
Union
4-30
$1. 50
+2Cc
common
Wireless
Denver
10-10
$2
stock (quar.)_.
(quar.)
Company
Hershey Chocolate Corp.,
7-10
$1.75
(quar.)
preferred
nrinr
prior nreferred
preferred
of N. Y.—
r
Supply
pfd.
non-cum.
pet
Name of
of Rec
25c
(quar.)
$1.02
(quar.)
Company
Bullock's, Inc., 4% preferred (quar.)
Burroughs Adding Machine Co. (increased).
472%
prior
Co.
$8 deb.
Co.,
common
5%
5-1
$1.25
Buda
Butler
7%
,
Detroit
(quar.)
Hoiaert
25c
(qua^»)
& Light
rorHhip
convertible
New
Inc.—
$3.60
Mfg.
conv.
50c
Store,
(jrreg.)
preferred (quar.)
Brooklyn Union Gas Co.
Inc.
Dennison
5-
Common
Co.,
Rayon,
*$1.50
5%
Shoe
Power
Denver Dry Goods Co.,
(quar.)
Broadway Department
Brown
1
Cohn
&
Delaware
Dentist's
t$1.75
Telephone—
preferred
1
Payable
25c
(Alfred)
Delaware
dividend)
Si
5-
—
Annual
Briggs &
5-15
*50c
&
Share
Quarterly
t20c
Brewers
Company
name of
Decker
16c
When
Per
of Rea
—
5-
$1
5-
8-30
11-29
4-17
4-10
4-10
4-10
7-
50c
1
5-29
4-19
4-19-
Per
of Company
Name
Stores, 7% preferred
Merck & Co., Inc., 4J/2% pfd
5 >e
preferred
(quar.)—
Extra
4-30
5-15
Name of Company
Pleasant
6-17
$2.431/2
6-17
Plymouth
+25c
25c
5- 1
5-15
4-15
5-
6
Polaris
10c
8-15
8-
5
Potomac
preferred
$L;
$1.75
$1.50
$1.50
(accum.)
preferred (accum.)
Mid-Continent Petroleum
Miller (1.) Sons Co., 8%
preferred
Minneapolis & St. Louis Railway Co
Mission Dry Corp
Misvicsiupi Power & Light Co.—
s6
ist preferred (quar.)
Monor.cahela Power Co., 4.4V* pfd. (quar.)_
$1.50
5.
77
4-15
Price
4-15
Procter
4-15
1
50c
5-
6- 1
$18.51
$1
10c
6-15
4-25
4-15
77*
5- 1
5- 1
4-15
Common
4-15
5 7*
5-10
$2.25
6- 1
$4.50
preferred
$2.25
.6-
50c
$1
$1
Mining
Oil
&
lc
lc
Extra
States Power, common
preferred (quar.)
Mullins Manuiacturing—
$7 preferred
(quar.)
$7 preferred
(quar.)
$7 preferred
(quar.)
Munising Paper, 5 7* 1st preferred (quar.)__
Mmkeg'on Motor Specialties Co.—
5'„
A
class
6'r
$1.50
$1.50
$1.50
(quar.)
(quar.)
(quar.)
Narragansett Electric, 4% '/* pfd.
(quar.)__
Strauss-Duparquet
(irreg.)
Co.
Battery
National
56J/4c
20c
25c
Co., Inc., common
National CheiiVical & Manufacturing
$1
3
4-20
3-30
4-20
3-30
Container
preferred
(Del.),
preferred(quar.)
com.
(quar.)
Products
Distillers
National
4%%
Corp.,
Gas
6- 1
6- 1
9- 1
3-15
National
5-
4-20
4-15
6,7
preferred
prior
4-22*
National
Tea
$0.2968
20c
$1.06
5- 1
6-10
6- 1
5-10*
National
4-10
5-10*
5- 1
5- 1
Neisncr
Bros.,
New
Haven
New
York
5-
1
4-20
4-30
4-15
8-15
7-31
New
York
New
York
1-31-47
1-21
6c
4-26
4-
5
53Vic
(quar.)
5-15
5-
Power
&
3.90'
(quar.)
Class
A
Class
Noma
(R.
5-15
&
5- 1
4-20
4-13
Northeastern
adj.
pfd.
Corp.,
Water,
Illinois
Northern
RR.
Co.
New
_
(quar.)
Hampshire
77
50c
5-
1
Gas
5-15
5-
1
8-14
8-
11-
5-15
$1
5-10
4-20
(quar.)
6-10
5-24
25c
(quar.)
6-1
5-15
1
4-15
5-
1
$1.50
4-30
4-11
Overseas
Pacific
Securities
Clay
(quar.)
$1.75
7-
1
(quar.)
$1.75
10-
1
2nd
(quar.)
$1.75
7-
1
(quar.)
$1.75
10-
1
15c
5-
1
Light
&
20c
&
W.
Fine Foods,
Inc.
(irreg.)
Products
Pacific Coast Co., $5 1st preferred
Pacific Finance Corp.. Calif. (Del.)—
57
preferred (quar.)
Pacific Lighting Corp.
(quar.)
Pacific
Portland
_6%
Lawrence Flour Mills
St.
Lawrence Flour Mills Co.,
preferred
77*
Pacific
$4 preferred (quar.)
Co.
Seaboard
57
Oil
Loan
Park
Parke
&
Fibre
57*
__
Davis
&
Penman's,
Co
common
125c
Electric
preferred
5-15
5-15
5- 1
5- 1
5- 1
nuadelphia
Co.,
(quar.)
pfd. (quar.)_
5-17
Southam
common
Dv7amcipating preferred
J'P Morris & Co.—
quar.)
Pi
'Ps-Jone's Corp., 77 preferred (accum )
Pitt1lTer Petroteuni, prior pfd. (quar.)
Pitturterly
sourgh
Sterling,
Erie
RR.
&
Bolt
6-10
1
6-10
3-30
3-26
87 %c
125c
1
5-31
6-
5- 6
4-25
4-30
4-12
50c
4-25
4-
5-25
4-10
6- 1
4-30
4-
6-29
6-20
$1.10
$1.06 74
6-1
5- 1
5-15
Tokheim
conv.
5-
1
(auar.)__.
--
5-
1
5- 1
4-25
44-
1
$1.50
5- 1
4-
1
$1.10
5- 1
50c
4-20
40c
4-22
4-22
Corp,
(quar.)
10-12
$1
5- 1
90c
5- 1
$1.75 .5-1
8%c
5- 1
5*
8
4-
1
4-
1
10-
1
4-15
1
75c
10c
10- 1
4-20
$5
5-15
4-20
5-
1
4-20
50c
5-
1
4-20
1
4-20
1
5-15
20%
4-25
4-15
4-30
4-15
5-
20c
6-
dividend)
15c
5-
1
4-15
$1.25
5-
1
4-15
*$1.75
5-
1
4-15
40c
6-
1
4-20
6-
1
4-20
25c
5-
1
4-20
6-
1
5-20
7-
1
6-20
20c
(quar.)
common
4-30
4-16
—
Ltd.—
(quar.)
common
(monthly)
Corp.
(Cal.)
7-15
37 %c
5-20
Oil
1
15 7;
tax
4-18
of
4-25
3-30
163,
pfd.
4-30
Operating
4-25
Uncollectible
1
4-25
4-
5-22
4-22
5-15
5-
25c
5-15
5-10
Operating
8-15
5
Canadian non-residents' tax.
157*
tax
7 7*.
deductible at the source. Non¬
a Less British income tax.
Earnings—
Jan. 1 to April 7
1946
1945
Week End. April 7
1945
$5,011,331
$6,580,880 $74,923,133 $96,374,444
Co.—Earnings1946—2 Mos.—1945
1S46—Month—1945
$492,438
1,400
$442,360
1.400
$223,439
128,626
64,565
$491,038
66,306
$440,960
268,119
116.021
$52,785
$30,248
$97,287
$56,820
18,856
61,762
33,928
$246,281
700
$245,531
34,494
oper.
$224,139
700
rev.
11- 9
revenues
158,302
expenses
Operating taxes
327,445
8-10
11-15
20c
Net
4-15
3-29
Net
5-
4-16
—V.
1
income.
oper.
income
1614.
163, p.
4-20
5-15
4-30
5-15
4-30
5-15
4-30
5-10
4-10
32c
5-
1
4-15
4-15
lon,
B
Gas
Tool,
&
class
A
Read
15c
5-
1
4-16
5-
1
4-16
163,
p.
20c
4-30
Exchanged—
and,
5-15
4-10
Southwestern Public Service Co.—Stock
announced April 18 that holders of 42,590 shares of its
preferred stock, representing 85.27 of the 50,000 outstanding
shares, have accepted the company's offer to exchange their shares
for shares of the new 4.157*
preferred stock.
Company
4% 7*
company is to issue a total of 65,000 shares of preferred stock
accordingly, will sell to the underwriting group headed by Dil¬
& Co., Inc., 22,410 shares of 3.707* preferred stock, the
public offering price oi which is $103 and accrued dividends.—V.
The
(quar.).
(quar.)
Corp.
—
2014.
NOTE—-For
7-
1
6-15
$1.75
5-
1
4-15
possible
7-15
5-
1
4-15
5-
1
5-
1
4-15*
50c
5-
1
4-15*
6-20
5-31*
reasons
it is not always
alphabetical
alphabetical
4-19
25c
mechanical
to arrange companies in exact
However, they are always as near
position
68 %c
Insurance Co. (quar.)
Machinery Corp.—
convertible preferred (quar.).
Industrial Chemical (quar.)
1
50c
Fire
8-
order.
as
possible.
$2
6-10
5-20
$2
5-
6
4-19'
$1
5-
1
4-11
the
4-30
4-15
40c
Stores
Corp.,
$6
8-31*
12-20
11-30*
20c
Corp., common (quar.).
87* 1st pfd. (quar.)_.
9-20
40c
Plywood
4-20
50c
4-10
6 Mos. End. Dec. 31—
'Net
profit
tEarnings per
income
75c
1
6-28
10-
1
9-28
75c
—
7-
75c
preferred
(quar.)
tax
law.—V.
1-1-47
12-29
30c
5-
1
6 Mos. End. Dec.
"Profit
after
Federal
tax
1945
1944
t$56,221
$0.05
$480,593
$0.52
161,
p.
468.
Net
62 %c
7-
1
6-20
62 %c
10-
1
tEarned
"After
6-10
:
1945
$3,896,381
income
1944
$5,212,459
1,866,490
•
4,027,908
6-
1
$1,184,551
per share
$0.63
war-end adjustments applicable to current year and after
for inventory and other contingencies.
tBased on presently
profit
9-20
$1.75
$1.75
on
Subs.)—Earnings—
31—
charges
4-16
reserves
outstanding 1,514,694 common
9-10
9-
1
$1.75
12-10
12-
1
The
37%C
9-14
share—
(E. R.) Squibb & Sons (&
prior preferred (quar.)
prior preferred (quar.)
preferred
(quar.)
preferred (quar.)
preferred
(quar.)
Sparks-Withington Co. (& Subs.)—Earnings—
1943
1942
$469,673
$392,406
$0.51
$0.42
"After charges and provision for U. S. and Canadian income taxes,
ton 900,674 shares of common,
tlncludes estimated refunds on Fed¬
eral
taxes
of
$559,964.
arising
from
the carryback provision of
—
Vapor Car Heating Co., Inc.—
67*
5
Corporation and
-Gross
revenues
Operating
3
25c
California
of
ypper Michigan Power & Light—
$3 preferred (quar.)
$3 preferred (quar.)
$3 preferred (quar.)
Utah Power & Light Co. (initial)
tJtica Knitting Co.—
77*
5
9-
12-
5
92 %c
pfd. (accum.).
Universal Leaf Tobacco "Co., com. (qua
Universal
Pictures
(quar.)
77
6-
9-15
12-15
Hoffman
S.
1
4-17
6-15
35,014
5-15
$51.14
(
U. S. Rubber Co.,
57
4-15
2014.
p.
5-
$1.12%
$1.25
$3.70
Quarterly
Quarterly
57
1
4-30
this dividend,
for
tax,
resident
Period End. Feb. 28—
10c
Mo.,
5s/27*
U.
5-
Southwestern Associated Telephone
$1.75
S.
4-15
4-10
1
$1.25
U.
4-15
1
tax.
funds,
•
United Merchants & Mfrs.—r
S.
closed
earnings
—V.
4-15
1
5-
25c
Drill
United
S.
1
5-
137 y»c
$1
1946
lie
preferred (quar.)
preferred (quar.)
Class
U.
not
Southern Ry.-
25c
(quar.)__.
Rapid Transit Co.—
preferred
United
U.
5-
—
Institution—
income
Period—
25c
Electric
4-15
$25c
t31%c
quar.)
75c
4-25
1
5-
90c
Ltd.__
Pump Co.
4-20
1
Investment Hews
5-31
5-
50c
Mines,
1
5-
(Continued from page 2164)
4-30
6-15
5-
62 %c
Co
Tank &
Oil
4-16
5-
75c
General
7-11
50c
(quar.)
$3.60
Co.,
4-30
37 %c
quar.)
4-19
$1
pfd. (quar.)
Corp., $2.50 conv. pfd. (quar.)-
Mfg.
(Initial
Canadian
4-20
5-15
$1
(quar.)
United Cigar-Whelan Stores Corp.—
$1.25 prior preferred (quar.)
77*
3-11
1
75c
4-10
5-
$1.12%
(quar.)_.
$4.50
4-20
4-
4-20
5-
City
77*
1
4-15
4-10
1
50c
Mercantile
3-25
Gross
'
4-10
4-
1
5-
$1.50
Jamaica
in
4-16
4-25
1$1.75
1
1
5-
50c
books
$ Payable
Securities—
4-15
5-
93 %C
$1.37%
pfd. (quar.)__
Corp
307
4-16
10c
pfd.
4-15
6-10
35c
(quar.).
'.)
Extra
4-15
1
$25c
(s-a)
1
7-10
2
119c
(quar.)
Insurance
(accum.)
class A pfd.
Biscuits, Inc. (initial)
Gold
Toburn
1
4-
1
2-
Gas
40c
5-10
11-
5-
.
4-10
1
7-
130c
(quar.)
8
$2
5-15
5- 1
1
5-
8-
tic
)-
5-15
4-16
$1.50
Mines
$1.50
Shovel
Thew
8
35c
11-15
$1.25 2--15-47
(accum.)
pfd.
67
*Transfer
4-18
115c
4-15
35c
1
5-25
5-
t $1.75
4V2%
Co.,
Thermoid
Union
6-15
1
Worsted
Radio
Zenith
resident
(quar.)
Electric
Mold
Union
5-
8-
$1.25
Zeller's, Ltd., common (increased
57
preferred (quar.)
67*
preferred (quar.)
xLess
Canada—■
of
preferred
Twin
Co.—
——-
Screw
1
7-
115c
Life
Inc.,
Oil
Sun
4-20
32%c
40c
8-15
25c
County
4-19
4-20
1
$1.25
Jr. Co.
Cooperative
Quarterly
Quarterly
Quarterly
6
--
4-29
I
5-15
5-
$1.25
(stock
Co.,
Zion's
1
1
2-
6
___
Ltd.
Co.,
Suburban
4-15
50c
t'L preferred (quar.)
Phli?0c-'°, preferred (initial
Lake
3-31
5-
4-22
50c
Co.,
participating preferred
&
4-19*
4-19*
5-
Quarterly
1
12V2c
(quar.)
PhV pre*erred (s-a)
Phila^e}Phia; Electric, 4.47 pfd. (quar.)
t?!;adelphia & Reading Coal & Iron (initial)
uisourgh Bessemer
1
7-
1
11-15
25c
Cab,
York
1
6-
1
8-
10c
Yellow
5-
6-15
5-
8-15
50c
Wyandotte
5-
4-20
5-15
11-
Monthly
6-15
$1.05%
Quarterly
5-15
5-
4-15
75c
$1.25
tPayable in U. S. funds, less
4-15
1
1
(quar.)
1st preferred
Wrigley (Win,)
4-20
$1.12%
5-10
5-
$1.25
(accum.)
nuadelphia Transportation
6-30
5-10
_$1.18 7/10
Sovereign Investors (quar.)
United
common
75c
$1.25
Quarterly
3-30
Marquette Ry. Co.—
D,5/ ,Prior preferred
3-30
41V4C
(quar.)
Co.
4-15
Co.—
B
3-31
1
25c
(quar.)
4-15
135c
$1
$1.25
175c
t$1.50
(quar.)
(quar.)
Pennsylvania Power Co., 4% 7
pere
6-20
$3
(s-a)
Ltd.,
Pennsylvania
4.40 7
4-15
6-20
4-15
5-
(quar.)
California Edison Co., Ltd.—
Southern
Thatcher
tic
preferred
1
5-
37V2C
(N.)
4-15
30c
(quar.)
peninsular Telephone, $1.40 class A pfd.
67
Slater
Super
75c
(quar.)
Coal Co., 67 preferred (accum.)
Casualty Co., common (s-a)
preferred
5-
137c
Interim.
Peabody
Peerless
r
Co.
iquar.)
Premier
Sunshine
2
1
31 y4c
Extra
$1
(quar.)
preferred
4-15
75c
Patino Mines & Enterprises
Consol., Inc.—
American shares "(reduced)
Paymaster Consolidated Mines, Ltd.—
6
67
Silbak
4-15
7-
4-16
5-
4-15
20c
pref. A (quar.).
preferred
1
$2.50
Inc.
4-30
35c
Common
77*
5-
4-30
7- 2
5-15
75c
(initial)
Inc.
Woolworth (F. W.)
$1.12 y2
(quar.)
Williams
Sherwins
4-30
4-30
$1.12Vi
$15c
5-15
$1.50
$1.75
(quar.)
Public Service,
preferred
77*
Co.—
Can
conv.
6-20
3-30
5-15
4-16
$1
Wood Alexander & James,
4-20
50c
Assn.
prior preferred
9-14
$1.25
(s-a)
Tilford,
1
140c
-
(increased)
(Del.)
Co.
preferred A
1
$1
$1-30
preferred
(quar.)_
Pacolet Manufacturing Co., common
preferred
5-
preferred
57*
4-12
10c
Seaboard Finance
1
1
1
(quar.)
Brothers
Products,
Wisconsin
Ltd.—
Schenley Distillers Corp. (quar.)
Scott Paper, $4.50 preferred (quar.).
7-
Co.—
_
_57
1
25c
(quar.)
Remedial
Francisco
San
10-
$1.25
preferred
(accum.)
Public Service Co.—
*
Cement
5-
25c
(quar.)
(increased q
St.
6-15
4-
4-15
6-
preference (accum.)
Chocolate Co.—
preferred
67*
4-15
12c
(quar.)
4-28
t$1.75
Power
5-15
1
Wisconsin Electric Power—
York-
Products
1
5-
43 %c
(quar.)
preference
Willson
4-20
Metal
prior
convertible
Wilson
9-15
New
6-
(quar.)
prior lien
Wilbur-Suchard
6-15
of
5-15
$2.50
17 %c
(quar.)
(quar.) —
common
Co., Ltd.
Products—
Paper
$4
9-15
1
$$1.75
(s-a)
47*
6-15
(quar.)
Co.
1
White Sewing Machine Corp.—
$5
preferred
7-
15c
Co.
4-15
preferred
Southwestern
J15c
pref.
4-25
1st
Insurance
6-
Monthly
4-15
10c
Extra
conv.
7-15
1st
preferred
2nd preferred
4-15
$1.25
75c
preferred
$3.75
4-15
4-17
5-
$1
$1.25
common
1
1
20c
(quar.)
Products,
8-
5-
(quar.)
1
75c
Co.,
Wheeling & Lake Erie, 5y2%
Dry Goods Co.—
50c
Oliver Corp., 4Vi7* preferred (quar.)
Ontario Beauty Supplv, com. (initial quar.)
Steel
7-15
50c
$4
common
7 7
preferred
(quar.)
Orange Crush, Ltd., 70c
Outlet
Co.
(irreg.)
4-18
1
4-15
preferred
5-
75c 2-15-47
Chlorine
Westvaco
Service—
(quar.)
4-15
$1.12%
(quar.)
Westminster
4-15
8-
1
25c
preferred (quar.)
Northwest Engineering Co
Ontario
1
4-30
5-
93%c
$3.75
Discount
5-
$1
A
25c
(quar.)
Quarterly
&
4-22
4-25
Public
3-30
Loan
1
5-15
S.
4-10
5c
Northland Greyhound Lines—
Ohio
5-
35c
Rieke
4-30
4-20
preferred
4-11
quar.i__
Common
$1 75
5 7
4-20
4-20
9
(interim
B
Island
1
(quar.)
$2
Quarterly
1
preferred (accum.)
Co.,
1
1
5-
Tobacco—
J.
4-10
$1.06 y4
5-
(quar.)
common
(quar.)
$5 preferred A (quar.)
$5 preferred A (quar.)
$5 preferred A (quar.)
4-25
1
11-15
4-20
Shoe
55-
6c
4-16
1
$5 preferred A
40c
Co
4-15
$1.50
Nuun-Bush
4-20
Sharp & Dohme, Inc.—
3-30
Transit
1
4-16
1
5-
(quar.)
Common
15c
4-20
States Power (Del.)—
preferred (accum.)
Northern Indiana
5-
(quar.)
5-1
Northern
6'i
4-20
(quar.)
5-15
37Vic
(quar.)__
common
preferred
1
15c
1
25c
$4 preferred
Corp.,
of
(quar.)__
class A„
(quar.)
5-
50c
Corp
6-
25c
Ry.,
convertible
$1.50
(quar.)___
Corp
Insurance
6
50c
prefei
(quar.)_
Scott Paper, $4 preferred
$4.50
preferred
50c
Western
River
Northern
A
Common
5-
1
37 %c
Co.—
RR.
Pacific
Western
5-15
Sefton
50c
American Acceptance
North
,
class
3-30
35c
Richmond
1
97 Vic
(quar.)
Electric
Norfolk
North
Corp.,
4-25
25c
(quar.).
$2
Natural
$3.50
(quar.)
A
3-30
75c
15c
Co
(quar.)
Hundred
4-2t>
quar.)
Light—
preferred
o
3-31
1
5-
(quar.)
(quar.)
Co. (quar.)
Telephone, 57 pfd.
Point
Common
—
Nineteen
4-20
50c
50c
preferred
Co
Merchandise
preferred
preferred
Mfg.
Western Light &
77*
(Del.)—
6
5-
$1.18%
$1.45
(quar.)
6V2 7e
Co.,
Brake
5-
4-19
4-20
5- 1
20c
preferred
Clock
Air
Co.
_
Inc.—
conv.
6 7*
1
5-31
5-25
5-
5-
62 %c
Electric
Penn
West
$1.50
4-15*
25c
Fibre
Vulcanized
3-30
4-20
(interim
77*
$1.50
$1.50
pfd.
5
4-
1
5-
77*
$1.25
474 7*
Co.,
4-15
77*
4-30
*
(initial)
Co.
Co.,
B
Rice-Stix
(quar.)
(quar.)
Radiator
A.)
A
$2
4-20
4-15
(s-a)
Corp.—
National
A
preferred
Class
National Paper & Type Co.—
Pumps
5-15
$1.58%
preferred
Rhode
7-22
preferred
5-15
Class
9-19
10-22
57*
5-15
1
20c
(quar.)
Prentice
6-20
12-19
8- 1
National
1
6-
75c
33%c
(quar.)
preferred (quar.)
$4.50 preferred
(quar.)
Washington Railway & Electric Co.—
57*
preferred (quar.)
57* preferred (semi-annual)
West Michigan Steel Fdy., 7 7
pfd. (quar.)
$1.75 convertible preferred
(quar.)
Common
10-30
(initial)..
6-
.
*
4-20
(quar.)
$4.25
20c
(quar.)
Company
Reynolds
2c
Class B pfd.
4-15
1
B
A
class
Brothers,
Washington Gas Light,
25c
prefeired
Republic
2c
Fabrics
5-
5-10
Wisconsin—
of
Co.
preferred
$3
4-15
1
$1.50
(quar.)
)
5-15
5- 1
5-15
Class
5-
8
125c
preferred
Securities
67
Quarterly
67*
(irreg.)
A
67*
5- 1
5- 1
Warren
4-15
15C
-
8-15
6-28
9-28
12-28
4-17
162 y2c
(quar.)
(quar.)
class
Read
5-15
Quarterly
Mallinson
Co.,
(C.
4-15
l%c
National
Light
Reed
5- 1
75c
2c
Extra
Lead Co.,
&
Rockland
(quar.)
National
67
preferred
Reading
Corp.—
Increased
quarterly
Electric Welding
preferred
Extra
$3
15c
Cylinder
Ltd.,
Co.
preferred
Randall
5-15
6- 1
4-
1
1
25c
67
Co.—
Quarterly
National
1st
Railway
11-26
'
4V<
67*
8-27
1
8
50c
5-15
6-
5-
5-10
6-15
(quar.)
Manufacturing
5-
6-15
(quar.)
preferred
5-
c
$1.25
Fund of Boston
Co.,
Walker
77*
Casket
National
Power
4-25
J.—
N.
Corp., 80c pfd. (quar.)_
Railway Equipment & Realty Co., Ltu., com1.
5-27
6- 3
of
Railroad Employees
America—•
of
Nathan
National
$1.75
$1.75
$1.75
25c
50c
(quar.)
Chemical Co.
preferred
preferred
preferred
6'i
37Vic
62Vic
Oats
5-15
45c
quar.)
(monthly)
(George)
$1
Indiana—
(quar.)
Mills,
4-10
West
4-13
4-30
6- 1
9- 3
12- 2
of
Common
....
1
6-10
6-10
Worts—
&
(Hiram)
41V4C
58 V3 c
Ccrp.
Quaker
1
5-
(monthly)
1
Development
(quar.)
6'r
5-
Flour
5-
Walker
15c
(increased
Quebec
Mountain
S2
4-11
5-15
$1
Diablo
Mutual
6- 1
5- 1
Putnam
75c
Quarterly
Quaiterly
Co..
Purity
5-10
(monthly)
Gooderham
50c
preferred
5-10
1
(monthly)
preferred
1
5-
41 %
Ltd
Co.
Service
67*
$2
$1.50
preferred C (s-a)
Montana Power Co., $6 preferred
tquai.)__
Moodv's Investors Service—
$3 partic. preferred (quar.)
Morreil (.John) & Co. (quar.)
Morns Plan Insurance Society (quar.)
$4
Mount
Service
B
6-15
t$l
(monthly)
Glass
6-15
t25c
A
4-11
5-10
i3y4c
(monthly)
Class
1
50c
(quar.)
(monthly)
preferred
Public
(s-a)
Minds,
preferred
Public
S4 50
Co.
common
B
4-13
5-
5-10
5-15
i3y4c
Class
4-30
t$1.50
quar.).
4-10
5-15
13y4c
$1.75
Ltd.,
Co.,
preferred
67*
3-30
4-20
4-10
4-15
13'/4C
5c
(initial
)
5-31
3-3U
10c
Gamble
Proprietary
Monsanto
B
&
4-15
5-
of Reo.
4-15
13%c
90c
(quar.)
3.607*
preferred
&
1
4-20
Holders
13 %c
(monthly)
Visking Corp., class A
Class B (monthly)
Class A (monthly)
$1.50
Edison,
Bros.
5%
Chemical Co.—.
preferred A (s-a)
(quar.)
When
Payable
Share
Name of Company
4-15
4-30
50c
1007
dividend)
Co.
1
4-25
$1.50
$1.10
(stock
oJRec.
Payable
10c
preferred
4-15
5. 1
5- 1
5. 1
Co.
Mining Co
6 7*
Gas & Electric Co.—
orior lien (quar.)
prior lien (quar.)
$6
Tool
Cordage
Employees stock
Michigan
7',
Valley Wine
$2.08%
.
Share
rex
Holders
When
Per
of Reo.
Plomb
Ltd. increased)
Corporation
Messenger
Holders
Payable
$1.75
Mills,
Mercury
When
Share
Mercantile
2199
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
Volume 163
5-1
4-15
years,
37 %c
8-1
7-15
were
-
$2,029,891
$1.14
shares.
report states that war-end adjustments applicable to
which amounted to $400,438 after reduction in Federal
charged to the reserve established previously.—V. 163, p.
prior
taxes,
2015.
22C0
THE COMMERCIAL &
FINANCIAL CHRONICLE
Shell
Union
Oil
Corp.—Debentures Offered—Morgan
Stanley & Co. headed
ment
bankers
tnat
marketing
plants
be
$125,000,000 25-year V-k% debentures due
April 1, 1971,
at
These debentures
repre¬
largest industrial issue that has been offered
since the advent of the
Securities Act of 1933.
Dated
April
Interest
194 7
$1,000,000
).
ALo
lrom
and
$5,000,000
to
time
1.
lb49;
April
beTore
011
lo52;
April
before
or
and
April
1.
alter
April
at
on
in
each
in
of
the
option
after
if
104%
redeemed
if
years
if
at
the
if
1,
to
after
if
1,
or
before
1969,
and
April
prior
1,
to
on
ural
after
1969;
redeemed
at
100%
plus
the
New
York
will make application
Stock
Exchange
writers.
LEGAL
writers.
INVESTMENTS,
for.
UNDERWRITERS—The
of
amount
Morgan
Lover
in
savings banks in
if
accrued
names
of
the
& Co..$9,000,000
Abcrcronibie &
Auchincto
&
Co.,
Inc.
Parker
;s.
Baker.
Watt,
&
Baker.
Week;
61
Carl
Burg.5
Bear,
G.
&
Becker &
Bicldle.
Blair
Co.,
William
BIyth
&
Biair
&
750,000
Merrill,
300,000
Co
The
5,000,000
Co
150,000
and
Chanute,
Loughridge & Co
H.
F.
Boynton & Co.,
Inc.
Brown
Brush,
Butcher
&
Inc.
1
W
&
Coffin
&
Julien
Col ins
Conrad,
&
Dain
Paul
R.
H.
L.
R.
150,000
&
S.
Co....
Co
100,000
Co...
Dickson
&
Co.,
Co
2,500,000
Francis I. du Pont & Co.
Merris
Elwnrthv
Equii
b
1
&
&
&
Co..
Evans
Inc.
Fuhev
&
First
of
First
Southwes'
NiImi
Schwabaeher
Scott .&
400,000
Chas
(Inc.)
and
Co.
Co...
Hemphi'l. Fees &
Henry Her "men &
J.
B.
H:1 rr!
Weeks
&
E.
I-Iut ton
I'llnois
Jannpy
&
John4on.
and
Li"e,
Co..
Kalrran
Swiss
Tucker,
.
100.000
G.
&
Co.
150,000
&
&
Co._
3,500,000
Co.—
&
CO...
Freres
Co...
The
750,000
&
3,500,000
3,500,000
Co
Iliggin~on
6,000,000
Meeds.
Corp
PURPOSE—The
ducting estimated
(b)
*
of
principal
standing $5,835,000
which
about
by
1,
1954
to
July 2, 1946,
Pa^me^*
ing
be
at
300,000
the
2,000,000
Company
extent
Co..
100,000
serial
be
notes,
due
called
Jan.
for
150,000
the
sale
out-
15,
on
$9,815,000
for
'
of
lOlVa %
principal of
$13,071,000 20-year
L
and
lor
on
about
01*
<d) The
proceeds not required
will ba added to
general
time
for
determine.
operations
other
corporate
Company
of
things,
for
has
subsidiaries
the
in
will
view
be
board
a
and
of
program
affiliates
of
used
$
48,917,512
shares
61,561,971
6,068,451
61,185,821
67,630,422
2,743,251
3,181,816
9,600.000
8,000,000
810,000
directors
to
may
crude
oil
Standard
tankers
save
Oil
and
Co.
(New
have
a
ca¬
as
carrier
common
a
163,
system
by
the
1615.
p.
the
163,
but
...
that
maximum
a
gave
offering
$4
a
for
price
price
the
"for
stock
the
had
not
purpose
of
2015.
p.
the
York
New
subject
April
will
distribution
of
share
business
the
by
filed
be
on
date
date
be
each
notified
at
a
basis
of
announced
share
held
by
of
to
company
to
be
the
no
shares for
later
held
incorporation
which
two
of
this
meeting
articles
pursuant
the
on
to
for
been
the
to
that
on
split up
a
stock
common
has
stockholders
amendment
an
will be
stock
common
Exchange
approval
1946,
company
the
Curb
to
25,
of
by
additional
one
record
at
the
close
April 25, 1946.
The Committee on Security
Rulings of
Exchange stated that the common stock would not be
on
the
distribution
stock
delivered
the
for
until
after
further
April
distribution.—V.
notice
23,
1946
163,
and
that
be
must
of
par
one
of
the
quoted
certificates for
all
accompanied
by
duo
1772.
p.
mechanical
reasons
it is not
always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
possible
order.
Texas &
During
and
Pacific Ry.—Annual Report—
1945
the
bonds
issuance
of
comparty
refinanced
its
general
the redemption of $40,956,000 of
by
of
$39,000,000
other
bonds,
of
37sS.
This
provision
for
and
payments
refunding
outstanding
reduction,
5s
with
maturity,
at
together
and
discharge
of equipment obligations, brought the total debt reduction
year to $3,186,000.
Since Jan. 1, 1943, the company has
funded debt outstanding in the hands ot the
public $12,183,000,
or
15.8%, and annual interest charges $1,017,982, or 26.8'<
The
report
shows
a
maintenance
fund
of
$6,240,000
in
U
S.
during
the
.
Treasury notes,
Orders
and net current
placed
were
in
1945
assets
for
Dec.
on
four
31,
Diesel
1945
electric
of
$17,178,837.
loco¬
passenger
motives.
351,566
376,033
36,109,511
31,624,527
48
lightweight
passenger
train
cars,
two
Diesel
electric
switchng locomotives and 75 covered hopper cars, all costing approx¬
imately $6,462,000, for delivery in 1946.
The four
Diesel
passenger
locomtives
provide
St.
9,650,000
and
for
48
the
trains
New
enroute
10,305
to
and
the
and
and
two
Worth
cars,
passenger
nine-car
order,
011
trains
connecting
will
between
trains
passenger
he
with
new
Paso.
employees
annual
Railway
oper.
ACCOUNT,
in
the
service
paid
wage
YEARS
1945
revenues:
Freight
1945
during
was
amounted
employee
per
ENDED
DEC.
1944
$51,171,526
Passenger
114.000
train
eleven-car
Fort
El
of
average
INCOME
403,867
passenger
two
Pasc.
$2,594.
its
—
of
El
to
number
average
.
2,517,654
and
Orleans
there
The
Shell
lightweight
operation
Louis-Memphis
between
7,350,000
28,759.511
19,053,006
20,205,938
16,678,281
31
1942
1943
$52,100,270 $43,969,249
17,903,209
S3b.134.948
21.081,982
20,192,261
1 l.b63.294
1.079.457
and
cost
SHEET,
demand
which
(after
is
DEC.
deposits,
approximate
reserve
purchase
$1,696,034;
$8,332,000;
p.
1,253,112
1,427,128
1,359,101
Express
1,970,036
1,787.730
1,515,524
583,474
781,207
841,917
443.933
2,344,523
2,514,411
2,399,274
1.599.613
287,70i
310,016
390,320
304.605
$70,667,645
$51,764,233
5.4c8,934
Miscellaneous
Incidental
BALANCE
for
31,
1945
Joint
$48,510,040; U. S.
value, $61,-
market
doubttul
notes
and
accounts
obligations,
reserve
reserve
and
sinking fund require¬
$3,488,000; accrued liabili¬
for
tor
special
contribution
estimated
renegotiation,
less
Federal
to
Shell
income
$8,200,000
U.
S.
facility
total
Total
•
rv.
of'
Maint
int.
i.
oper.
revs..
$75,518,581
$80,002,745
&
struc.
10,165,813
10,928,187
way
_r
Maint.
•
of
^
(rail
1908.
Net
fr.
rev.
Net
Inc.—Earnings, etc.—
corp.
and subs. oper.
in
the
U. S.__
taxes
excess
profits taxes__
per
net
profit
shares
JJ._I
operating
converted
into
p.
outside
U.
S.
2024.
$9,096,182
3,163,277
$2.74
had
$2.59
sales
and
net
$T8,950,076 and $1,524,525,
1'
corporation
of
its
and
has
called
dividends.
of
1
»
■
the
close
upon
of
on
into
shares of common
share of common stock
Upon any
dividends
The
as
call
corporation
of
each
no
the
of
adjustment
in
>of April
20,
addition
re¬
19,712.172
income
$13^018,064
$9,123,476
$10,142,786
2,472.448
2.366,202
897,899
$10,545,616
$6,757,274
$9,244,887
income
oper.
or
20,000
$33
per
at
time
the
in
Na¬
prior
492.8-J
435,116
235,065
155,514
$12,093.93.5
50.l6i.
$7,304,078
$9,818,326
3,578,128
3,474,447
3,652,538
$12.843.83.*>
3.828.o94
7,841
9,929
11.700
$7,361,808
$3,821,791
$6,155,859
S9,003.o4f
2,154,025
1,572,700
1,572,700
for
charges
chages
funded
debt-..
income
of
approp.
surplus
BALANCE
SHEET,
DEC.
in
transportation
Sinking funds
Capital and other
Maintenance,
Investments
Other
Res.
reserve
(U.
physical
in
property
3.
funds
ratio
of
2,479,469
companies—,
6,769,725
1615.
and
account
Tvqffif
of
investment
and
called
.
S.
in
for
cor
notes)
service
accounts
and
accounts
of
Other
re¬
dividends
current
Working
fund
deferred
Other
698.424
535.751
5,066,428
(DM
and conductors__
577,107
receivable-
3,906,978
7,369,122
305.097
7,299,430
receivable
receivable
assets
advances^
assets.
416,638
•
2,103,750
203,483
178,162
200,946
55,832
funded
unadjusted
Total
125
72
r
balances
Prepayments
on
109.063
1,795,145
receivable
Accrued
24,812.000
Cr630,956
supplies
and
0*301.518
6,055.460
20,343,000
securities—
Treasury
Net balance receiv. from
agts.
Discount
shares
bills
(U.
Miscellaneous
Other
449.964
431,810
5.720,242
adjust,
Interest
one
5.833.000
2,539.771
6.898.915
notes).6,240,000
property
affiliated
253.891
292,183
Treasury
investments
for
$
165,677,096 166.750.069
616,952
funds
Miscellaneous
1944
$
tlnvestment
to
preference stock.
31
1945
ASSETS—
are
outstanding 72,180 shares
p.
728,953
$9,973,840
inc.
Material
redemption date,
the
payment on
the 10,000
1946, and will leave
163,
781.870
$7,539,144
$10,939,936
from
available
Temp, cash invest.
Special deposits
next
1.1-!'-,J
$12.401.W'
$11,375,052
fixed
on
Sl3.630.8jJ)
829,436
deducts,
Income
Loans
redemption
any
convertible
to
convertible preference stock.
—V.
for
at
corporation
share
will be payable.
is
called
day next preceding
stock
for
conversion,
accrued
above
demption
of
such
the
to
the
stock
$22,130,935
8.600 036
$29,854,958
.
will be made at The
Commercial
46 Wall Street, New
York, N. Y.
surrender
business
for
preference
1.303.473
■
Payment
convertible
899.167
1,494.163
Cash
redemption on May 18,
convertible
preference stock
outstanding
1,454,562
1,644,329
24.957,935
income
''
>
1,670,625
$
3,163.277
the'Uhitdd a9tates
dollars''Of
1,040,886
13.338.418
$34,081,412
GENERAL
$9,576,464
share
1,245,593
16,778,499
18,414,663
1944
259,781,040 236,978,700
23,388,464
22,707,182
13,812,000
13,611,000
outstanding4.L-i-_-U..-i
common
1,342.492
19,020,545
income
Total
Div.
1945
Lb 421.
4 21.
7
c:o*2
$31,432,732
(DM
ry.
Net
HOl
oper.
w.
oper.
rents
Int.
9.058,288
1A
10.781,583
accruals.-
tax
Railway
Fixed
ice
1,775,865
expenses
Railway
Misc.
nr?
1,584,039
operations
General
Other
11
11,317,156
19,532,662
line)
and
Govt,
nil
9,640,333
933.373
1,386,637
Transp.
Misc.
.^n
n
equipment-
Traffic
Net
$34,765,046;
$
of
convertible,
time
tho
to
(A.) Stein & Co.—Ruling on Stock Distribution—
The
24,448,046
related
hand
on
taxes
common
Shares
redemption
from
The
be operated
heretofore.—V.
said
determined,
that
out¬
to
Imperial
reduced
20,205,938
tional Bank & Trust
Co.,
for
to
been
filing."—V.
purchases
6.180,037
others
less
40%
Cleveland, has applied to the Ohio Securities
Division
to sell 500,000 shares ($1 pari
common
stock of
Co.,
mortgage
72,399,225
1943,
of
be
companies.
war
to
as
application
s
28,797,331
spectively.—V. 162,
share
expanding
comprising,
among
additons
of
The
from
The
31
55,005,723
;
13,332,420
..
above-mentioned
the
by
&
permission
1943
Standard Cap & Seal
Corp.-^Partial Redemption—
outstand¬
1946, nt 102%
and
as
and
replacement
the
funds
purposes
DEC.
1944
and
notes
will
13,470,625 shs.
ENDED
Cr3,100,000
applicable
held
property
'Subsidiaries
July
67,147,325
May 31,
YEARS
218,658
and
continue
personnel
Otis
bills
un¬
on
the
during
companies
$125,000,000
.
2^4'/'
sinking fund deben¬
due Jan, 15,
1961, of the company
(exclusive
$33,000 held in treasury) which
are to be called
redemption
FINANCING
12,381,491
expense
other
acquired
were
built
these
company.
re¬
of
credit
Prov, for Fed. income and
in'(frtefeisury)
cn
in
Outstanding
of
before
profits,
$5,875,869
*
premium
at
at
3,357,152
taxes
earnings
Trust,
Net sales
'
cn
tures,
of
refinery
refinery
by them
32,170,470
1943
the
of
which
were
both
in
Steep Rock Iron Mines, Ltd.—Plans Mine Stock Sale
aban¬
....
profits
Profit
redemption on1 or1- about
—
PRESENT
notes,
Earnings
1947-
due
capital
the
the outstand-
held
TO
each
for
lines
will
Curb
tax
refund
Consolidated
the
redemption
.1...
debentures,
of
called
of
on
Co.,
6
Calendar Years—
required for:
premium
the
a
a
marketed
are
100,000
No.
and
exps
and
Standard Brands,
100,000
Co..
&
and
163,
1,250,000
Co
from
of
interest
1,000,000
Co
company
Development
$81,641,000; reserve for post war
adjustments and
other
contingencies, $17,000,000; capital stock
(par $15), $202,059,375;
capital surplus,
$13,957,734; earned surplus,
$36,621,553; total, $426,917,437.-—V.
$125,247,375 (after de¬
underwriting commissions
and
Shell
debt,
of
1946
(exclusive
are
&
sold
$5,186,089; other taxes,
$3,887,654; interest on debentures
and notes.
$221,561; other accruals,
$3,454,050), $22,777,388; contra
amounts of deposits with
redemption and disbursing agents,
$14,607,341; funded
100,000
Inc
East,
in Ohio—
Pacific
28,911,331
(Payrolls,
excess
tax
200,000
Gibson
Co.,
of
Co.
and
Pension
500,000
Yarn all
proceeds
the
&
&
Woodard-Elwood
Wurts, Dulles &
$377,625
of
to
are
May 31,
Co.
Montral
pacity of about 60,000 barrels per day and permit the continuous
sup¬
ply of crude oil to Montreal refineries on a year-round basis.
475,910,777 489,202,472 406,236,720
299,296,523 294,884,497 234,194,367
15,646,815
13,145,419
10,269,416
54,088,805
53,767,606
51,293,452
LIABILITIES—Accounts payable,
650.000
&
Witter & Co
Harold E. Wood &
principal of and premium
$66,155,000 15-year 2%%
which
Lerchen
Wisconsin
Payment of
ing
(c)
to
Payment
1953,
net
expenses of
be received
$1,250,000) to
debentures will be
applied
■or
Co
Dean
300,000
estimated
of
(a)
&
Stubbs
100,000
La-'glev
C.
Walker
Webster
W
Lazai"'
ties:
Co.
White, Weld & Co
Whiting, Weeks &
Pi
Lee
750,000
&
Weeden
Laird,
&
ments
300,000
Lorb
l
750,000
400,000
Kuhn
sa
100,000
300,000
Co...
300,000
Pe-'h->Hv
&
H.
Watling,
Cm
Kirki)dtripk-Pettis
300,000
&
Securities Corp.. 2,000,000
Alrtyne, Noel & Co.
200,000
Van
.
2,000,000
Corp...
&
20%
The
products
the
$2,087,000), $28,973,059; estimated refunds of
Federal
on
income, $12,163,616; due lrom affiliated
companies not con¬
solidated.
$1,850,915;
inventories,
$54,749,247;
investments
in
sub¬
sidiary ar)d affiliated companies, not
consolidated, $20,267,603: other
investments, at cost, $3,131,727;
property, plant and equipment, at
cost
(after reserves for
depreciation, depletion and amortization of
$565,295,587), $175,254,538; other notes and
accounts
receivable and
sundry deposits, $1,699,427; cash on
deposit with redemption and dis¬
bursing
agents
(contra),
$14,607,341;
deferred
charges,
$4,509,923;
total, $426,917,437.
Union
Space
in
chemicals,
taxes
150,000
Inci
Anthony
etc
income
receivable
300,000
.
to
Portland
NOTE—For
carry-back
securities,
at
200,000:
receivables
200,000
...
Co.
Vt.,
Martinez
principal
sold
other
.$125,000,000
credits
Govt,
300,000
_
Corp...
Trask
'of
STATEMENT,
expenses
profits
ASSETS—Cash
200,000
100,000
American
150,000
Inc..
&
Cartwright
Spencer
300.000
L.mon
Boyce
Co.,
Its
Point,
20,000,000 shs.
CONSOLIDATED
300,000
.
Troy,
Mail
5,000,000
...
Co.
Inc.
1.250,000
Ci., Inc..
Keen. T'Vo- & Co
Kebboti. MfCormick &
Kidder,
&
Co..
1971
taxes
of
Dividends
Webster
Swenev.
1,500.000
Co
Co...
Co...
Johncton,
Stroud
100,000
Shell
35,527,622
stock
100,000
Co.
&
300,000
.
Son
W.
<fc
Securities
1.250,000
Co.
Hornblowcr &
The
Stone
2,500,000
Co.
&
&
1.
adjustment of $483,000
Net
Stillman, Maynard & Co,
St ix
500,000
Co
&
Co.
Co.
Brothers
300,000
&
&
Bros.
at
300,000
&
Co.
Staats
Stern
1,000,000
....
Hayden, M Tor
Hayden. Ston?
R.
Slein
Shep~rd
tax
300,000
& Scribner
Barney
the same date, the
distributing depots.
74,708,162
debs,
Chemical
1,250,000
&
Starkweather &
Hall & Co.
Hawley.
J.
Singer, Deane
William
United
Canada.
taxes__
discount
750,000
Co
Agnew
the
of
and
products
of
April
gen.
profit
Renegotiation
300.000
Smith,
parts
postwar
capital
Scranton
&
petroleum
depl.
refund
standing
Proportion
&
Co..
and
on
stock
operations
from
excess
100,000
Co.
..
S,human,
5,000,000
Sc
Stringfellow
Shields
the
income
of
1,250,000
..
W.
As
bulk
generally
$15)
and
and
excess
for
the
North
near
to
the
share
Jersey),
primarily under the
Company also owns 50%
Ltd., which operates
subsidiary of which operates
INCOME
and
income
750,000
.
.
100,000
...
•*,
....
400,000
Co.
of
adjustments
other
contingencies
Unamortized bal. at Dec. 31,
100,000
Schmidt, Poole
2,000,000
of
im,
Mon¬
The
and
2,687,632
Net
Prov.
British-American,
Portland
com¬
cars
150,000
...
Schoellkopf, Hutton
Pomeroy, Inc.
Inc.
Harri
500,000
Co.
150,000
Co
sold
are
ketones
etc.
sulting
companies,
Shell, announced on April 17 that
their
the outstanding stock of the
Montreal
owns
and operates a pipe line from
this
the
oil
companies,
througn a
newly-formed
Pipe Line Corp., have acquired all the
assets
Pipe Line Co., which owns and operates a pipe
lino
running from Portland. Mc., to the international boundary where
it,
connects
with
the line owned
by the Montreal Pipe Line Co.
The
two
lines thus provide a continuous
system from Portland to
the
communication
states
Texas.
sulphate,
alcohols,
discounts,
income
used
and
Corp.
&
48
located
income
Estimated
300,000
.
Sons
Rothschild &
&
tanks,
Canada,
a
and
western
costs
Othex
&
100,000
Goldman,
& Co.. 3,500,000
Graham. Parsons & Co.
400,000
Green, E'-lr & Anderson
200.000
Hallgarlen & Co
1,000,000
Harrimnn Ripley &
Co.,
Houston,
of
and
less
income
Federal
boundary
addition
In
subsidiary,
of
same
research.
(par
from
Interest,
500,000
Co....
5,000,000
Co
and
debs., due
selling
Federal
100,000
...
Mosle
the
and
plants
sales
Total
all
which
Ltd.,
Co.,
oil
and
acquired
international
lines
the
tank
subsidiaries owned or held under
the majority of which were leased
has
50%
Co,
C.,
and
oper.
Other
1.250,000
Hutzler
Q.,
B.
sales,
Income
Salomon Bros. &
Inc
Forn'an
Gardner
& Co.
MVM-an
Folger,
Glorc,
Co.
Co.....
Corp..
n
B*>ton
First
F.
100,000
Co
Farwr'l, Ch'pn
The
L.
&
...
CI- rk
&
Moreland
1,250,000
P.
amort.,
donments
300,000
Rollins
Rotan.
500,000
Co
A.
H.
in
Oil
stock
of
Other
750,000
Inc.
100,000
Securities Corp.
e
E: t: brock
Clemen*
E.
150,000
Co
Co.
&
Co
Humphrey
2,000,000
Co.__
&
of
products,
trucks,
the United States.
owns
Deprec.,
500,000
Co.
&
&
refined
$
Gross
The Robinson-
300,000
Co
&
Riter
Shell
eastern
Cost
100.000
Pierce
Reynolds
2,000,000
and
most
ammonium
CONSOLIDATED
100,000
&
nat¬
Chris-
Pressprich
P.einholdt
Dominick..
Eastman, Dillon
W.
Corp.
Calif.;
engaged
of
Admin.,
Inc.
Rauscher,
150,000
&
&
Elkinn
Putnam
750,000
..
Inc.
Dominick
Drexe]
R.
500,000
e-Smith
in
stations,
synthetic
company
Common
300,000
Hop wood
200,000
Co
-r
oil
Authorized
300,000
Phelps, Fenn & Co
Piper, Jaffray &
100,000
.
&
&
M
tensen.
crude
CAPITALIZATION, GIVING EFFECT
100.000
&
sell
nor
retailing
the company's
service
parts of
25-year 2Mj%
1,250,000
Writer
and
company
of
Line
"ex"
300,000
Curtis
alcohols,
Canadian
four
had
Canada.
for
and
and
Vancouver.
the
300,000
Peters,
100,000
..
e
Davis
&
Co
the
business
1945
Parrish & Co
200,000
Neither
the
&
Ohio
&
500,000
Co.._
&
&
Diy
Dick
&
Co.
Hou
s.
M
1,250,000
Inc
Eruee
Court;
J
Burr.
Son
Company
Pacific Northwest
Co...,
Faine, Webber, Jackson
500,0U0
Co
various
Montreal,
300,000
Newhard, Cook & Co
The
of
100,000
Newbold's
in
Territory of Hawaii
retail
area,
is
Pipe
is
1945,
Dominguez,
stock
300,000
H.
and
thereof.
engaged
distributed
31,
ammonia
which
400,000
Co.
150,000
750,000
&
Co...
Co
is
synthetic
produce,
treat
plans.
the
Chemical
The
1,250,000
&
Neuhaus & Co
100,000
61
Dodge
Turben
W.
Co.
1
C'ark
Clark,
Curt:
Co...
in
Pierce,
Co.
Sherrerd
Republic
150,000
400,000
Milwaukee
750,000
Sons
Coast
150,000
Beans
150,000
&
Slocumb
Central
E.
150,000
.
Alex.
&
and
are
Co
chemicals)
products
Inc.,
are
in
Dec.
Shell
&
Co
sulphate,
independent retail dealers and jobbers.
subsidiaries owned or held under lease 937
Minsch, Monell & Co...
100,000
Mitchum, Tully & Co...
300,000
Moore, Leonard & Lynch
200,000
F. S.
Moseley & Co
2,000,000
Mullaney, Ross & Co...
100,000
Maynard H.
Murch
&
500,000
Inc
Boettcher
&
&
Fenner
750,000
Bosworlh,
Masten
Merrill Lynch,
1,000,000
Co...
&
Co..
McDonald
E.
of
the
transportation
5,285
300,000
Inc.
ammonium
to
400,000
Marks
the
trademark.
of
750,000
M.
A.
100,000
Inc.
As
$5,000,000
Co.
within
field)
of
McColl-Frontenac
companies
treal.
Co.,
and
"Shell"
spokesmen
engaged
are
of
Products
Rhoades
Mason-Hagan,
and
variety
and
Oil
the
States
principal
•
200,000
Co., Inc.
Whclen
&
Loeb,
Co.
300,000
Co
under¬
the
chemical
subsidiaries operate pipe lines, motor
terminals, with
the
necessary
storage
systems, repair shops and other facilities.
follows:
as
Laurence
300,000
Harden
the
Mackubin, Legg & Co...
400,000
Kraus
Stearns
are
M.
&
&
Co
for
counsel
related
water
under¬
Lehman Brothers
500,000
Redpath
Bacon, Whipp.e & Co.__
Ball.
of
a
unitization
lease
Stanley
Allyn
the
underwriters and
100,000
C
A.
opinion
of
subsidiaries
its
pany's
listing the debentures
request
Shell
perial,
ar.d
Corp.—Registrar—
Bank
of
the
City of New York
has
been
the $1 par common stock.—V. 163, p.
2015.
National
Standard Oil Co. (New Jersey)—Canadian
Unit Ac¬
quires Interest in Portland-Montreal Pipe Line System-
1922.
8,
Inc.,
gas.
under
York, California,. Ohio and Vermont.
debentures underwritten
by each
Co.
A.
the
New
for
the
upon
the
Co.,
Corp.
company
in
Oil
Chase
appointed registrar of
the
subsidiaries
states
In
LISTING—Company
on
Line
Feb.
Delaware
currently producing crude oil principally in
California,
Illinois,
Kansas, Louisiana,
New
Mexico,
Oklahoma and Texas.
In certain
instances, development and produc¬
tion operations are conducted in
conjunction with others and, where
feasible and
economically advisable, in associated with other interests
after
and
(and
ammonia
its
Shell
the
April
if
holding
a
in
Shell
are
Territory of Hawaii.
The subsidiaries acquire
and develop prospective and proven oil and gas
purchase, transport, refine and sell crude oil and
(including gasoline, kerosene, distillates, fuel oil, lubri¬
gas
of
any
is
and
and
natural
or
on
redeemed
if
Standard Factors
The
may
explore
oil,
ketones
1, 1955, and
April 1, 1958.
redeemed
and
chemical
which
program,
produce,
products
cating
April
after
maturity;
cave.
its
in,
and
incorporated
was
subsidiaries
and Shell Pipe
industry
States
interests
a
and
oil
United
before
or
and
1942,
lOO'/a %
on
as
refining
of
additional
of
This
through investments in cr advances to sub¬
affiliates, has not been fully or definitely devel¬
operating
company
the
lands
maturity,
on
1949,
April
redeemed
101V2'"
company,
prior
redeemed
April
after
redeemed
102%
1961;
of
date
any
principal
The
in
years
the
improvement
installation
projects.
out
or
Chemical Corp.
Annual
each.of
in
1
City.
each
April 1, 1964; at 101%
before April 1, 1967; at
or
1,
la»07, and
after April
1,
redeemed
April
on
at
1,
1
before
or
and
af the
IO2V2
1958;
1,
York
the
redeemed
if
April
on
to
in
103 %
at
-1955;
0:1
1)64,
interest
1,
April
before
or
1961,
103V2
ai
1.
April
part,
prices: At
following leuemption
April
New
purchase of debentures at
redemption prices (which commence
ledeemable,
time
in
on
mv.usive, to be applied
the linking fund
before
and
1
carried
and
the
related
COMPANY—Company
The
•
mc.u^ive.
or
I
1971.
Oct.
1955.
102'h'"
1,
of
1,
and
1j7u,
the
or
April
1
to
whole,
011
due
April
pa.jinei.vs
exceeding
at
lb*j;
to
1955
not
at
1,
payable
tunu
other
oped.
tne
sinking
extension
facilities,
and
sidiaries
101V2 and accrued interest.
sent
the
reserves,
nation-wide group of 149 invest¬
a public
offering April 17 of
a
made
Monday, April 22, .1945
debt
debits--—
f
1,588,340
1,496.524
226,808,655 233,158.243
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4483
Volume 163
which
liabilities—
"
Amounts payable to affiliated companies
Traffic and car-service balances (Cr)
Audited accounts and wages payable__
Miscellaneous accounts payable
23,703,000
66,670,000
i^esnnn
1,659,000
' ir'-mP
48,848
3,036.928
"'non'w
~
929,353
307,724
858,135
111,648
8,856
6,992
125,073
2,371,679
1
noq
17,098,087
1,172,160
Dividends matured unpaid
ciooriipi
Unmatured interest accrued
Accrued accounts payable
Taxes accrued
Other current liabilities
Deferred liabilities
559,910
u„4
1
n
unadjusted credits
surplus
Other
Unearned
from
sales
steamer
to
21,853
5,802,518
*3,086,369
85,624
29,800,824
31,344,568
226,808,655 233,158,242
1944 restated to conform with accounting regulations
Elective Oct.
1, 1945.
tAfter depreciation and amortization,
-itlncludes reserve of $2,502,127 for prospective adjustments in connection
with U. S. Government transportation.—V. 163, p. 1773.
for year
the
South
principally
West,
northern
of
the
South
consumption
America,
the
National
Supply Co.
above.—V.
163,
Net
Earned per sh.
163,
SIX
after charges &
income
—V.
FOR
MONTHS
tion
of
ly.
America.
1946
in
finance
its
by
the
Formulae
called
been
for
redemption
meeting
special
cumulative
April
on
redeemable
shares
common
shares
outstanding
and
the
secured
of
no
May
on
11
1,
approved
5%
next.
the
shares,
value.—V. 154,
preference
par
preference
The
of
15,000
value,
at
of
and
a
the
less
of
All
of
the
May
1,
outstanding
1965
first
(other
than
mortgage
bonds
pipe
of
line
such
on
The
First
the
at
or
Inc.
in
Bank
National
option
New
Holders
of
the
of
York
7%
preferred
the
3%
series
heretofore
called
bonds
holder
at
corporate
the
office
trustee,
Chicago, 111.,
Dillon, Read & Co.
of
called
of
the
of
case
10214
and
bonds
interest
redemption
for
called
to
the
May
sinking
for
1,
redemption on
1946, in the case
fund
on
May
Union
&
Trust
The
share,
per
total
of
plus
Bank
of
New York,
to
to
receive
their
stock
full
bonds
called
Chase
N.
Y.,
in
V.
National
Bank
as
registrar
163,
the
as
agreed
of
new
be
may
respective
income
sold
to
percentages
Percentage
Underwood & Co.
Co
val.
Rotan, Mosle and Moreland
INCOME
May 31— 6 Mos. End.
1945
968,413
8 Mos. End.
Nov. 30 '45
Jan. 31 '46
$28,392,475
Net
44,024,838
25,795,198
34,863,348
1.770,450
2,122,140
1,176,298
5,903
10,447
17,709
1,570,561
17,354
$1,242,131
$1,013,725
$1,575,070
83,672
65,811
of
$1,255,673
$1,097,398
$1,640,881
138,939
98,271
123,366
333,106
377,445
33,355
534,962
1,917
3,291
4,083
$590,078
$626,911
$863,850
8,826
3,512
7,674
8,549
$616,452
$586,565
$619,237
186,970
93,485
72,753
Textron Inc.—Preliminary Report for 1945—
at
certificates
time
any
redemption
for
will
and
price,
shares
plus
at
$108
of
such
thereupon
accrued
of
the
City
of
New
York
Inc.
(calendar year)
23,530,000
sales
Mfg.
Less:
be
(yr.
end.
Oct.
31,
1945)
32,345,000
sales
and
6,840,000
excess
profits
1,797,000
taxes
3,275,000
$1,768,000
of
subsidiaries'
minority
prior
earnings
acquisition
to
interests
1,920,000
ap¬
Consolidated
Net
sales
Federal
V.
net
in
loss
1944
income
163,
amounted
and
excess
to
$26,254,575
profits
taxes
and
income
net
amounted
after
$613,756.—
to
banking group headed jointly by Kid¬
der, Peabody & Co. and Rauscher, Pierce & Co., Inc.,
on
April 16 offered publicly 13,290 shares of 4J/fe% cumu¬
lative (par $100) at 105 per share and dividend. In addi¬
tion company is
the presently
offering 26,710 shares in exchange for
outstanding 26,710 shares of 7% preferred
stock
on
share-for-share basis.
a
The
exchange privi¬
lege terminates April 23, after which the underwriting
group will take up and publicly offer any of the 4J/2%
cumulative preferred stock which remains
unexchanged.
CAPITALIZATION GIVING EFFECT TO PRESENT
Tide Water Associated Oil Co.—Preferred Stock Sink¬
ing Fund Call Authorized—Also Reduces Funded Debt—
The
directors
have approved call through preferred stock sinking
18,009 shares of $3.75 cumulative preferred stock for redemp¬
July 1, 1946, at $105 per share and dividends.
The close of
business May 9, 1946, has been fixed as the record date for the pur¬
pose of determining by lot the shares to be redeemed.
The transfer
fund of
tion
on
books will not be closed.
The
4
that on May 1, 1946, it will prepay
without premium penalty its privately held serial notes of $2,000,000
each maturing respectively Aug. 15. 1951, and Aug. 15, 1952, thereby
reducing the company's funded debt to $13,250,000 from a total of
$24,500,000 originally issued Aug. 15, 1944.—V. 163, p. 2054.
also
company
announced
FINANCING
2%% note
$1,250,000
2'2% note
Pref. stock
(par $100) issuable in series
4!/2% cumulative
*Anj amendment
to
the
certificate
of
t363,763 shs.
stock
(no
shares
of
50,000 shares preferred stock, of which the
are
designated
as
"4%%
40,000 shares now
cumulative preferred stock."
PURPOSE—Net proceeds
will be used (a)
to redeem, at $103 per
preferred stock (requiring $2,751,130 if no
(b) to increase the working capital of the
corporation, which may be applied to any corporatet purposes.
^bare, the outstanding
exchanges
are
made)
terly
The
7%
and
BUSINESS AND PRODUCTS—The businesses of .the
corporation and
subsidiaries are divided into four general divisions: flour
r
milling,
elevator
operations,
Although
n
perate
ruir
i,'.
Th
si or
v h„.
at
on
feed
milling and bag manufactpr-
all divisions are interrelated, each is required to
bases established
by outside competition. Flour milling and
,
grain, elevator operations are of primary importance. " Feed
J.s of third and increasing importance. Bags are manufacC-£iefly *or the use of the other divisions,
.ur Milling Division, consisting of five mills, purchases and
gr^in> mills wheat and merchandises wheat flours and b,r-pro^uct
mm
feeds; it also mills and sells
7>rm<irr\ grits\ brewers'
uli
corn
meal,
table
milo grits and the resulting mill
grits, brewcep-K
'Hi"
Grain Elevator Division owns four terminal elevators, two
adjoin milling facilities. The business of this division is the
thP r„se' s^e' ownership and storage of grain for the account of
lea'spd f)0ra
'
suhsidiaries and others. These four elevators are
of
u
fcurrh
—
hi
okar
r.
The
oper'^ed by J. C. Crouch Grain Co., warehouseman and
Feed Milling Division
produces and sell formulae feeds,
Aprii 16 declared a quarterly dividend of 20 cents
stock, payable June 15 to holders of record
common
increase of 5 cents per share over the last
March
paid
1946.—V.
15,
163,
quar¬
"
p.
1944
1,508,869
$1.52
profit after chgs. & taxes
*Earnings per common share
991,975
163,
shares.—V.
p.
2,615,680
$2.64
2,529,522
$2.55
United
March,
Y.—McAneny Elected
16, 19'46, George
McAneny resigned as Chairman of the board and was elected to the
position of Vice-Chairman i;of;, the ■, executive committee.
The position
of Chairman of the board) was (abolished.
Mr. McAneny will continue
of the board of trustees, held April
At the meeting
a
a
L.
member
Weisl
of
the
board
elected
was
a
of
trustees.
member
of
board
of
trustees.
a
Inc., Madson Square
many;years
duction
as
a
Garden Corp. and: Bonwit Teller, Inc. He served
Fedecai prosecutor and was with the War Pro¬
163,. p. (356.
-h t
Board during the latei war.—V.
Trane Co.—To Pay 25-Cent Common
The
directors
the
on
April
10 declared a dividend
Dividend—
of 25 cents per share
$2, payable May 15 to holders of record
May 1.
A similar distribution was made on Feb. 15, last.
Dividends
paid in 1945 were as follows: Feb. 15, and-May-15, ,20, cents each;-and
on
Aug.
15
common
and
stock,
Nov.
15,
par
25
cents
regular
and-<5
cents-extra
on-ieacti
.......
r.iu'ob,
'
•
v.>,n
The psual Quarterly, dividend, qf $1.50,per.(fihare on:the.>6% preferred
stock, par $100, was also declpred^ payable--June ;1 to holders of reoord
date.
.
approval
sufficiency
all
This
the
or
Disapproval
of
the
had
the
and
a
of
his
proxy
was
The
■
material
compl.es
regulations 01
recently
prepared
pursuant
had advised
counsel
material
and
pro¬
>
the corporation
proxy
material
corporation.
rules
have
with
all
laws
per¬
SEC/'-^V:
tne
163,
—
declared
an
estimated
compared
to
221,871
59,569
United Biscuit Co. of
All
of
called
ton
ton
miles
miles
and
in
of
air
freight
during
according to
February,
sales.—V.
163,
2054.
p.
America—Debentures
the
Called—
outstanding 3%% debentures due
April 1, 1955 have been
redemption on May 20,
1946, at 103% and interest.
be
for
will
made
at
the
New
office
of
Goldman,
Sachs
&
Pay¬
fiscal
Co.,
York, N. Y.
Also Calls 5%
Cumulative Preferred Stock—
The
has
company
also
called for
redemption on May 20,
next, all
outstanding 5% cumulative preferred
stock at $107.50
dividends. Payment will be
per share
made at The New
York Trust
Broadway, New York, N. Y.
Co., 100
Immediate payment will
full
be made of the
redemption price, plus accrued
dividends to May
ing to $1.10 per
20, 1946, amount¬
share, upon presentation and
surrender of said
certificates.
stock
of
its
and
Declares Extra Dividend
of 25 Cents
directors
The
have
the
declared
an
extra
usual
on
div.dend of
Common Stk.
25
cents
per share
quarterly dividend of 25 cents
per share on the
common
value, both payable June 1 to
holders of record
similar extra
May 17.
distribution was made on
Dec. 1,
$1.25 per share in
last, making a total
dividends paid
during 1S45.—V. 163, p. 2054.
no
par
Trustee Appointed—
The
Manufacturers Trust
Co., New York, N. Y.,
for the
$10,000,000 2%% debenture
issue
V. 163,
p. 2054.
trustee
See
has
been
due
offering in
United
April
10
mon
Corp.—Holders
the
value
and
of
from
the
William
the
designated
April
1,
1966
a
Vote Stocks
Change-
corporation
proposed
stocks
change
no-par
later $1
approved
the
in
to
value.
par
at
their
annual
meeting
company's preferred and com¬
value, (he former to be
$5 par
par
M.
Hickey, President of the
company, reviewed the accom¬
of
United during the last
year,
including the Delaware
Light Co., and
Philadelphia Electric Co.,
consummation of which
exchange plans,
eliminated Delaware Powt
Power
&
subsidiary
its
,
.
May 18.—V. 163,
p.
356.
and
own
Mr.
provided
preference
Hickey
United
Gas
also
&
for
the
retirement
of
an
pointed
out
that
Light Co.,
additional
stock,
consummation
Improvement
of
as
a
amount
the
plan
of
Co., for the distribution of
Niagara Hud¬
Public Service Co. of New
Jersey stocks in ex¬
its own
outstanding eemmon, will, if consum¬
mated, result in the
disposition by United
its
Corp
of viituallv all of
holdings in U. G. I.
son
Power
Corp.
for
and
shares
of
,
During the
last
year,
owing to the opposition of
United Corp., the
.Columbia Gas &
Electric Corp. was
make
way
for a substitute
withdrawn to
plan which
fully protects the common
stockholders of that
company, Mr. Hickey .said.
"Through the Columbia Gas
plan United
good
Corp. should receive some
operating companies'
one-stock
plan
retirement
said.
our
in
stocks
some
a
open
toward
the
market
of
these
to
up
U.
G.
meet
to
Bell
propose
other
of
of
this
of
the
the
Bell
next
the
Purchases Helicopter—
anti-toxins, rescue
newly developed plastic lungs, the
will be
put
purchase
Model
47
by
the
into
operation
United-Rexall
Helicopters,
now
in
was
Authority, the first
Upon completion
commercially
such
license
licensed
ever
issued
of
United-Rexall's
Angeles, Calif., the mercy
ship will
immediate take-off.—V.
163, p. 2055.
Drexel
&
Gas Improvement
Co.,
Co.
of
at
the
issued
on
company,
"The
Los
United
South¬
and
concern.
first
was
in
Drug
production
purchase of a
helicopter by a
exclusive assignment to
emergency
helicopter—whose trade name is
new
"As
the
for
Carpet"—recently
our
steps
continued.
Corp.'s Niagara
Falls, N. Y., plant,
by Justin W.
Dart, President of the
by Lawrence D. Bell, head
drug
of the aircraft
buyer
of
built
additional
17
marks
shares
emergency drug supplies,
Aircraft
April
the
Hickey
plan, we
completed, our beard of direc¬
step in that direction."—V.
163,
summer.
of
have
we
in
use
Mr.
that
325,000
stock
in
preparation for
preference stock," he
our
Inc.—Subsidiary
stocked with
first
sales
to
stock,"
completion
cash
equipment, and one of
Rexall flying
"mercy ship'
the
we
preference
exchange plan is
aid
of
$4
$21,000,000
I.
United Drug,
California
which
our
awaiting
for
and
develop
2055.
Completely
of
were
retirement
the
as
will
we
Columbia Gas stock. approximately
of
result
reserves
soon
more
while
the
holdings
"As
cash
of
of
"And,
sold
-
the
partner of the law fh'm of Simpson, Thacher,& Bartlett and
director' of numerous'corporations, 'including Paramount"Pictures,
for
vote
to
the
carried
as
private
Vice Chairman of the Executive Committee—
as
by-laws
management to set forth these
pro¬
and provide means in the
proxy form
Crary, Vice-President traffic
The
is
the
also
directors
This
356.
Title Guarantee & Trust Co., N.
serve
corporation's
that
at
propose
Widespread acceptance of air
freight by shippers was
14 by United Air
disclosed on
Lines in
announcing an estimated 272%% in¬
during March over February, initial
month of United's air
operations.
freight
one
1943
$37,162,043 $89,470,596 $81,534,746
Net
Edwin
to
the
corporation.
that
Announcement
1945
Sales
to
the
meeting and
stockholder,
a
April
ern
He
to
annual
Gilbert,
intended
i
and
1910.
Timken-Detroit Axle Co.- -Earnings—
6 Months Ended Dec. 31—
irs
terminal grain
on
the
on
This is an
dividend
*On
the
United Air Lines,
Inc.—Handles More
Freight—
first
approved March
par) from 500,000
reacquired by the
in the treasury.
NOTE—On Feb. 27, 1946, the corporation called for
redemption on
June 1, 1946, all of its
7%
preferred stock.
Immediately after such
Redemption corporate action will be taken to eliminate from the cer¬
tificate of incorporation reference to the
40,000 shares of 7% preferred
Mock.
An amendment of the certificate of
incorporation approved at
a
meeting of the stockholders on March 5, 1946, authorized a new
offered
directors
May 25.
the
a
quarterly dividend of 17% cents
share, payable July 2 to
per
stockholders of record June 10.
Like amounts
were
paid on Jan. 2 and
April 2 last.
(For offering, see
V.
163, p.
233.)—V. 163. p. 1203.
p.
incorporation
15,143
corporation and held
issue
Roofing Co., Inc.—Increases Dividend—
share
per
t40.000 shs.
common
of
The
28,000
50,000 shs.
*750,000 shs.
1946, increased the authorized
750,000 shares.
t Exclusive
to
Tilo
$580,000
140,000
Common stock (no par)
E.
Outstanding
the
against
Union Asbestos & Rubber
Co.—17 xk-Cent Div
tors
Authorized
directed
was
the
J.
had
469.
p.
change
Tex-O-Kan Flour Mills Co.—Preferred Stock Offered
—An investment
could
at
John
he
amendments
counsel
taining thereto,
$152,000
1482.
p.
the
of
corporation
of
the Chemical Bank & Trust Co., New York,
4.10% cumulative preferred stock. See offering
cor¬
of
plishments
income
and
which
directors
that
requested
questions
by
advice
Stockholders
$79,198,000
disposal of property
Income
of
soliciting material
suit
the
14,742,000
earnings
on
the
violation
$93,940,000
Total sales
dividends
been
Co.
,
Intercompany
Loss
SEC,
solicitation,
stockholders
"The
to
$21,269,000
sales of Textron
Total
its
distributed
16,796,000
Nashua
lurther
(
of
(calendar year)
(calendar year)
Elimination
has
Jenckes Corp.
Co.
of
judgment enjoining
from
Commenting on the suit of the SEC,
issued the following statement:
A
all of
the
posals.
stock,
of Manville
final
a
directors
complaint stated that the management had solicited
election
this
Gilbert
in
whereby
and
1616.
sales of Lonsdale
by
meeting three
posals
93,485
72,753
Net
for
and
management
resolution.
$855,301
186,970
_
applicable to
p.
asked
filed
The
the
to
the
annual
752,041
4,456
$625,278
Net
stock
for
prior
notified
512,075
12,996
income--
dividends
163,
also
officers
agents, 30 Pine St.,
profits
Net
13, next,
proxies
long
ment
company
Preferred dividends
Common
its
stockholders.
$2,255,417
175,999
&
subsidiary.
S.
corporation and its officers and directors,
al.eb«.u um the management
failed to include in its
proxy material the proposals submitted
by
66,956
prof, tax (net)
inc.
and
complaint
$2,188,461
Minority int. in net in¬
come
to
crease
income
Net
of
had
193,043
13,541
on
Act
at
Commission
The
$38,446,636
171,802
735,772
436,942
exc.
—V.
"
3.75
CONSOLIDATED
32,077,702
exc.
Were
Securities
Exchange Act of 1934, and the proxy rules.
Judge Paul Leahy set a hearing on the
complaint for April 24,
day preceding the date set for the annual
meeting.
3.75
&
&
surtax
the
Securities
pre¬
taken
6.25
income
Net sales
Cumulative Preferred
2016.
p.
in
have
shares
thereof
under
both
Neuhaus
OF
deductions
State taxes
and
for
stock
below
40,000
shares
rules
proxy
5.00
income
Net
transfer agent
on
6.25
operating profit--
dec.
for
Transfer Agent and Registrar
Appointed—
The
banks
6.25
taxes
May 13, 1946.
pointed
from
Milton R.
Co
expenses
normal
Net
surrender
the
named
entire
of
$34,127,775 $46,425,379
goods
Gross
Fed.
The
poration
its
and Exchange Commiss on has a-ked
the
U.
Wilmington, Del., for a prelim nary injunction
corporation from holding its annua, meet
ng April 25.
the
Harold
Other
and
dividends
of $1.41%
per
share, making a
share.
Payment will be made at The Chase
the City of New York, redemption agent, 11 Broad
preferred
borrows
$35,096,188 $47,161,152 $28,564,277 $39,639,680
of
per
may
cumulative
entitled
1946,
N. Y.
Stockholders
5%
of
13,
accrued
$109.41%
National
6t„
May
has also called for redemption on May
shares of
5%
cumulative
preferred
company
outstanding
poultry
Moroney, Beissner & Co.__
Company
operating
Net
1946.
1,
Also Calls for Redemption 5%
Stock—
its
and
for
redemption on May 13, 1946, as
well
as
holders of bonds called for redemption on May 1, 1946, for
the sinking fund, may present their bonds for
redemption and pay¬
ment
prior to the respective redemption dates, and will receive the
full redemption price, namely,
104 % and interest to May 13, 1946,
in
animal
and
25.00
gen. & adm. exp.
Uncollectib. accts. (net)
3% Bonds—
bonds,
series
for
America
43.75
Sell.,
City.
the
Chicago,
the
number
Total
880,000
redemption for the sinking fund) have been called for redemption
May 13, next, at 104 % and interest.
Payment will be made at
Central
Against
Rules
Securities
Court
the
Income
Tennessee Gas & Transmission Co.—Calls
for
underwriters
corporation
such
sales
Fed.
due
corporation
4%
p.
to
Percentage
have
stockholders
creation
$50 par
340.
stock
domestically,
Southeast,
the
far
the
leeds
sold
notes.
Kidder, Peabody & C_o
Rauscher, Pierce & Co., Inc.
$1.47
of
is
shown:
Cost
6,000
Grain
South,
the
restrain
of
highest in September or October, after harvest, and
although this pattern does not always prevail.
To
from
holders
oper.
of
lack
a
are
inventories
stock,
$318,752
(G.) Tamblyn, Ltd.—New Preference Stock Approved
Issue—
of
sold
May,
such
unsecured
Other
shares
because
principally
1944
31.
—Calls Present 5%
All
the
—Yeais Ended
ENDED JAN.
1934
violation of
a
District
an
Inventories
lowest
Net
taxes
216,600 common
on
Europe.
market,
STATEMENT
233.
p.
to
Southwest,
Susquehanna Mills, Inc.—Earnings—
EARNINGS
some
expanding market is anticipated.
business of the corporation is seasonal with
respect to acquisi¬
raw materials,
mainly grain, and its inventories fluctuate wide¬
1615.
p.
Charging
area
unavailable
now
and
export
are
where
Dittmar
Sterling Engine Co., Buffalo, N. Y.—Acquisition-
corporation purchases
wide
a
presently in the Southwest; however, there is
increase in demand for such feeds from the West Indies
and Central
an
Dallas
see
over
Export sales of flour are normally made
West Indies, Central America, the northern
UNDERWRITERS—The
Joseph McCorkeil was elected a director of Frederick Stearns
A- Co. of Canada, Ltd., at a meeting of the board held on April 4.
Col. McCorkeil is presenttly engaged in special field promotion work
for
the Nyal Co. of Canada. Ltd.,
a
subsidiary.
He is making his
temporary
headquarters in Toronto.—V. 163, p. 1772.
the
service.
the
in
is
America
in
and
ferred
Col.
made
are
which
countries
of
part
purchase
Sterling Drug, Inc.—New Director of Unit—
and
Injunction
Proxy
Violated—Moves to Prevent Annual Meeting April 25—
sources.
flour
coastwise
429,017
market
Transamerica Corp.—SEC Asks
Corporation—Commission Charges
usually including
eastern New Mexico, Texas,
Oklahoma, Arkansas, Louisiana, Tennesse,
Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama
and. Mississippi.
The corporation normally has a substantial Atlantic
The
Data
other
Domestic
24,360,426
32,970,740
Total
outside
market
122,007
surplus—unappropriated
Earned
small
a
seaboard
30,129,984
surplus—appropriated
ed
L'arne
maintains
*3,367,992
oq h
619,096
6,239,776
$3,764,696
1
reserves
Maintenance
by the grinding and blending together of a variety of
ingredients designed to produce,
through a balanced ration, better
health for poultry and animals and
higher production of meats, milk
and eggs.
The Bag Plant Division purchases textiles and
manufactures bags primarily for the use of the other
divisions, but it also
bags
99740
2 530
unpaid
matured
Interest
38,755,000
38,755,000
23 703 nnn
63 794 000
stock
Common
Preferred stock
Funded debt unmatured
Fquipment obligations
2201
made
are
by
aid
or
work.
Modern
Civil
Magic
Aeronautics
to
this type of
aircraft.
headquarters building in
new
be
the
commercial,
baSed
on
the
roof, ready for
Co.—Exchange
of
Stock—
exchange, agent,
announcer
that ,up to the, close of
.shares of the U.G.I,
capital stQck had been
exc^pge;ltn; accordan&fe' with the terms of
offer dated
the exchange
April 8^,1^6., Under
the'terms of this
3 P. M.,
offer, which expires
April 22, 1946, each unit of
10 shares of
par
value capital
outstanding U.G.I,
(stock up to and- including' 750,000 shares of
stock may be
such
ten'd^r'ed in exchange for the
following:
1
shares of American Water
Works & Electric Co.
12 shares of the
common stock,
Commonwealth & Southern
Corp. common Stock, 10
shares of Niagara
Hudson Power
Corp. common stock, 1 share
of
Niagara Hudson Power Corp.
5% cumulative second
preferred stock,
series A, and 1 share
of Public Service
Corp. of New Jersey common
stock.
business April
tendered for
18.,787,380
Since-It-> Is apparent; that mnrp than
capita*-etocfr'wilF be
of the securities,' as provided in 'the l'ofn
the total number of units of capita 1 Ho-k
prior
to
the
expiration
date.—V.
163,
p.
,
P
wliich
1484.
sl»wea of. v.qj.
raje distribution
^nuty* be^t^ c^d
THE COMMERCIAL & FINANCIAL CHRONICLE
United States & Foreign Securities Corp.—Partial Re-
demptS!,next
5105
at
of
shares
The
^
voted to tall for redemption on June M
30,
and dividends of $1.12% per share, 47,495
11
April
on
share
per
its
cumulative
$4.50
first
preferred
stock.
After
busS
first
«n
mailed
hA
Notice
stock to
be
redeemd
prior to May
but
holders of record of the first preferred
the drawing by lot can be completed,
the
to
soon
as
1,126,723
163,
of
way & struct.
Maint.
of
equipment...
rn
United States VuLltor
Rubber
Hac
co.—nas
other
•
Net
ry.
Railway
oper.
6,925,108
977,337
3.159,880
2,7.4,572
eluding
convertl-ble
2,190,168
liabnities
5,937,016
5
S.J49^
927,595
4-665.bi8
8
«u>5fina70
$4,959,029 $11-934,867 $12,560,870
408,096
6,109,000
6,400,000
revs....
accruals—
tax
.
S13 226 737
o<un
Sales—Change
oper.
4t.
$4,550,933
income
n„
<5fi1fio870
$6,160,8,0
$5,825,867
jt
fixed
of
,
TT.if-a
Rubber
LtetentiaUv
those
above
nrevioS peaceTime yX
««««*
SfiPh VhP
SmUh
"I
abQut
.,Q9„n
1,292,550
1,511,651
19^412 shari
from
make
additional
rtnpSfmns
stock
A
trom
to
$10
961.091
take
shares.
1
,ofi ,=2
1,326,352
of
800 , 520
these
value,
authorized
to
2,500,000
for
issuance
of
S781 000 000
'from
sales
Mr.
Smith
reported.
Of
the
action
to
reversai
of
2.5%
1945
year
of the general
of
types
tion
rlubber
of GR-S
through
any
after
in
totaled
Int.
40
shares,
plants either
world
to
$1 943 192,634
which
was
more
excluding $1,250,000
of
income
by
five-year
Profit
with
compares
5
equal
was
cents
in
3*/3
to
the
war
cents
out
of
each
dollar,
peace
preceding five-year
period
1936-1940.
"Although
as
many
profit
than
in
The
did
we
almost
and
persons,
earned
fr.
for
dollar
every
peacetime,"
stockholders
shares
shareholders.
All
managers
twice
Mr.
also
business, employed twice
the payroll, the amount of
wartime sales was one-third less
directors
to
,tl
the
time
term
it
as
the
be
may
reelected.-V.
were
t
of
163,
company s
recalled
by
Earns, per
1071
1.0/1
342
3.127!48
3'12™!j
$2.63
S2.0a
SHEET,
DEC.
prcceeds
nive
3'12s290
$2.30
ASSETS—
Cash
in
_
affiliated
and
bajance
receiv.
Miscellaneous
Materials
interest
and
$
6,636
accounts
other
fund
Other
Govt,
agt.
f
n
mnriPrnmoaern
T'la'S' Japer
has
recently
developed
^oavLingekn<fwnnasU"Varlon^aandPa^^
•
i
number
a
of
treated
paper
new
in
the
types
551,329
c%
4,389,381
2,392,156
preferred
$2,000,000
a
corporate purposes.-V.
principal
2,867
463,
3%
will be
sales
note
Med by
together
31 271 500
27,955,000
59,850,000
_
wages
accounts
60,044,000
_J
payable
the
on
This
common
the
is
have
payable
761 788
(see
above)
will
proceeds
be
used
Earned
16,
1946,
and
and
Dec.
2.
cents
16,
1946,
connection
are
payable June 17, 1946: Sept.
stockholders of record June
3, Sept. 3
to
respectively.—V
163,
May
York
the
purchase
received
whole
a
6,
N.
Y.,
The
by the company at Room 2033,
to
up
11:30
a.m.
(EDST),
2055.
p.
as
mortgage bonds, series due 1976.
1, 1946, are to mature May
1, 1976.
Bids will be
New
for
first
2
it
of
are
bonds
to
Rector Street,
April
on
from
29.—V.
163,
and
11
conditionally
?ep™T
differ
by
company,
2
1946,
^Restated
authorized
in
proposed
certain
applied
for
The
applicant
has
series
due
bonds
A,
'are
They
On
Beale, President,
April
24,
1945,
Interstate
its
tiated
May
105.669%
May
1,
first
1,
of
26
and
and
sold
refunding
due
May
the
as
trustee,
than
30
and
days'
Because
of
the
date,
1945,
044,000)
of
March
July
in the principal amount
treasury in exchange for
therein, and cannot
without
competitive
mortgage
1995.
the
company
further
May
12
22,
June
During
(b)
1945
Exchange.
on
order
it
The
22,
and
the
of
$9,544,000
like
a
be
of
the
of
Pursuant
merly
Loup
outstanding
(c),
applied
the
will
an
be
to
was
2.788%.
to
the company's
bonds formerly
otherwise disposed of
Commerce Commission.
of
pledged
Interstate
series
A
or
tho
Securities
series
B
and
bonds
Ex-
under
Exchange Act of 1934, and on
listing on the New York Stock
listing of the bonds became effective
their,
and
company
purchased
$150,000
principal
amount
average cost of 104% of their
principal amount.
to
the
corporate
trustee
in
partial
delivered
to
an
option
Creek
granted
Colliery
capital
stock
Co.)
of
Raleigh
of
3%,
the sinking fund.
tangible
interests
of
issued
were
amount
sold,
for
the owner of certain
leasehold
The Eccles mine in
other
$60,-
B,
received
Securities
registration
year
bonds
pavment
bidding
series
bonds
1945.
of series B bonds at
These
price
the
the
On May 21,
1945 the company applied
to
change Commision
for
registration
of
the
Section
bonds,
The
of
9,
held
u
at
approval
series B bonds,
together with
company's treasury, were applied to the re194-5, of the entire .amount
outstanding ($60,first lien and
refunding mortgage bonds, series A,
3^%,
1, 1966, at 106%
plus accrued interest.
Series B
on
property used
Crab Orchard
Eastern Gas and
The
herein
.
to
in 1945, the
Loup Creek Co. (foracquired on Feb. 1. 1946, all of the
the
and
Crab
Orchard
Co.,
mining properties in West Virginia.
and
the mining eouipment and
important property
Countv
thereon, the more
Improvement Co.. are
Fuel Associates.
improvement
leased
or
subleased
to
j
ordinary
makes
Crocker
^
The
B
to
$10 000 000
be
secured
bonds
will
a
above-mentioned
indenture
rate
each
year
of the bonds
The
were
those
ovd.
to
be
issued
dated
be
required
as
new
of
under
of
determined
and
and
a
the
~$1-607.925
fund
for
that
thereafter to
agree
the
it
retirement
will
and
on
not
the
55,770
248 "90
'535,041
'540',730
the
series
to,
B
including
are
the
outstanding
aggregate
equals
or
principal
exceeds
of
first
^'.oguoi
7.956
28.910
i5.«
$716,016
*$4,561,593
$1,903,526
247,000
and
bonds,
the
as
$1,221,526
17
announced
it is
negotiating an
financial obligations and
enable it
its
expansion
in
and
an
strike
the
effort
and
improvement
the
of
UE-CIO
$30,000,000
to
^
end
the
go
in
Union.
increase
wage
$80,to
program
walkout,
offer made
Gwilvm
A.
Price,
^
employes
pr
who
of
total
a
our
to you,
to
tin-
in
be
and
as it does to
me, that the leaders
prevent Westinghouse
employes from
higher than they could get from any
to
or
their
that
their
communities.
these
union
futures
r demand for 'l3*/a
•
was impossible to give
the
first
plants
bllled
51u-uu0'0°0
quarter
,.He dls<uosed that
the end of the
Products
any
and
complete report on the company's
1946, during most of which time
the strike, Mr. Price estimated
This
shipped
final payments
sald-
the
on
1945.
cash
and
had
monthly
average
result,"
be
Price
Mr.
substantial."
marketable
at
securities
war
to
of
Out
contracts."
make
substantial
"very
Sn
nnn^ ,$43 000v™0 for ^nices
$10-9?0;000 Division taxefs> f
due. on
?0
Motor
onn
tbp
plant
ctritc.
,
,♦
r.
nf
.
Bull,10.
at
.•
1
f
-
ad-
,
i" ^
meet payrolls and buy
will be at least tha.-
payments
.
•
Mr. Price continued
terhiT
tshall have to
[er dls out shall
of poking capital, because it
begin to col.ect
„„I
a
will
new
j}*1ter «h« ®tnk<6J^as en.de<d,
nn
with
"As.
quarter
terminated
0C0 000
for
"C0-b0° fm thoni>o
the Purchase ot a
nftPv
February and March averaged
compares
company
an^the nui-c^
'-pven
per-
universal
such
mo,n,^y-
„
their
board ."
amounted to
$111,000,000, near the level
d"e principally to the fact "that we received
cash
receipts as $72,000,000 in payment
before the strike and
about $23,000,000 in ad-
stLart of the year.
duung the first quarter
1
the
across
reasonable
that
winning
quarter
at the
yar*ce
only
feel
in
by
the company's
first
stake
cents
duill51?, January,
month.
a
a
of
idled
were
The
leaders
at
are
billings of more than $57,000,000 in
said°ur operating loss for the first
the
for
lonj
manufanui
goods
,
.
,
.
,
,ns
company must pay back $30,000,000 in bank
„? ^arl*me Regulation V credit.
add'tl(^' Westin5housc plans for the expansion, rearraneenn
SiLa"d„fmt°Hdernizatl°n,f0f lts: Pla;\ts, such as the purctost a
JPP"JS °f 1the 1new Buffalo plantJ-,n order to comrrte for a iu1
J} '* !}
market for electrical equipment—call for the expendn
nhtiineri
•,
l
™
or
delivered to it, and no bonds will be
issued in lieu thereof.
applicant proposes to offer the series B bonds
for sale through
competitive bidding and also proposes to send
invitations to bid to a
selected list of banking houses, investment
institutions, and others,
the bidders to specify the rate of interest to
be borne by the bonds
in multiples of y8 of 1% per annum.
An examination of the applicant's
general balance sheet of Dec. 31,
1945, shows that the applicant has invested
$10,100,000 in United
April
meet
strike
seems
c°mPany s
mortgage
capitalization
on
to
93-day-old
business during
will
amount by which 50% of such total
capitalization exceeds
aggregate principal amount of contingent-interest funded
debt
then outstanding, (i) so long as any bonds, issued under the
general
mortgage are outstanding
a
sum
enual
to, 50%
of the aoolicant's
available net income for the
preceding calendar year remaining after
providing for prior charges as specified in the
mortgage will also
be Paid into the sinking fur.d, and (ii) when no bonds issued
under
the general mortgage are
outstanding, a sum equal to 50% of the
applicant's
income
available
for
fixed
charges
for
the
preceding
'Pss its fixed
charges for such year will be paid into
the sinking fund.
All bonds acquired for or
through the operation of the sinking
fund, together with the coupons
appertaining thereto, will be cancelled by the trustee,
and, upon the written request of the
applicant,
will be
The
$469,016 .$4,561,593
Electric
__
While it
.
first
Mav
682.000
1
.$2,020,511
$58,000,000
a
aC?vEnan?f 6a
pro-
$20,000,000, the applicant will
Pay to the trustee as and for a
sinking fund for the bonds a sum
equal to */a of 1% of the maximum
principal amount of first mortgage
bonds then or theretofore at any one time
outstanding.
If on any
-sucb first day of May the applicaht's fixed-interest funded debt
then
outstanding exceeds either (a) 35%
of. its
total
<b>
the
77.911
501711
$1,887,598
inc.__
^ajor company
,
amount
1, 1947, and on
May 1, 1980, so long
amount
$2,901,488
226,236
i',086',792
reported:
explanation
outstanding pay to the trustee under the first mortgage the sum of $50,000. In lieu of making any
sinking fund payment
in cash, in whole or in part, the applicant may at its
option deliver
to the trustee series B bonds. In addition the
mortgage provides that
if on the first day of May 1945 or on the first
day of May in any
thereafter
year
bonds
men-
*$2,020,511
net
sonal reputations
less
1,
1946,
and
will
bear
competitive bidding, payable
of
written
showing
$708,060 *$4,590,503
s2>03''941
A; may. seem incredible
f
purpose
in
proposed
May
proposed
a
$1,193,020 *$3,729,947
110,025
of tbe union should continue
working for wages as high as
Jan.
by
the
files
bids
company, its customers and
the nation have lost $100,000,000 worth of
production of badly needed
electrical equipment and appliances,
first
to
applicant
pursuant
mortgage,
from
a
expected
1946— 2
Mos.—1945
$26,344,283 $29,536,106
30.074,230
26,634,618
12,701,124
Meanwhite
Francsco,
upon
for
be
bonds,
eac.Y working day of the strike, Westinghouse
mnrp°nthftl $42,000,0i00. ■ >'fges ?n?ounting t0 $$42,000,
:® 11dan ^onnn ™°nSt
amended
San
limited
has
and
Co.—Earnings—
*S1 49" 900
11 or
the
treasury.
series,
the
it
-r*
$13,894,144
inc._
corporation
*<*■<>«".
filed.
of
objection
of
that
bonds
required
14,377,568
inc
Discussing the
Westinghouse
or
sinking
will
No
National Bank
money
the
supplemental
a
1981.
applicanrs
will
interest
a
th&
constitute
and
by',
at
First
additional
Jn
series
1,
con-
sinking
upon
the
applicant
the
the
the
and
also
of
result
the
^
will
not
which
mortgage
of
paid into
thereto;
prices
to
therein
balance
——
ahead with
^9ib' desPlte
outstanding bonds for redemption at the earliest
to provide a part of the funds for their
payissue $10,000,000 of first
mortgage series B bonds,
due
The
Jan.
for
.
000,000 bank loan
issue
1974
July 12, 1945, as
issue $10,000,000
on
to
any
the general
because
be
1946—Month—1945
expenses
rhis
should
Corp.—Negotiates $80,000,000
Connection With H.xpansion
Program—Reports
Effect of Strike on
First Quarter
Business—Studying
Advisability of Issuing Debenture Bonds or Stock—
Conditionally
from
remaining
fith
$12,769,643
___
in
sought
$5,400,500
and
applicant
until
and
i
WestillghOUSe
15g 5g6
comparative
examiner
record
of
$10,100,000 for
contingent
by the applicant
addition
redemption
conditions
Extrao?d?na?vy
and
^
of
subsequent
the
the
12.430
company
presently redeemable at any time
at 102*4 and accrued interest.
present favorable market conditions the
proposes to
Jan.
1,
1981.
As
part:
for
contingencies
bonds without
balance shee;
above
of
redeem
stock,
an
745
are
it
y
leave insufficient
authority
163, p. 2055.
..
notice
call
to
practicable
ment
applicant
principal
amount
plus
accrued
interest
from
to May 10, 1945, the date of
delivery, which represents
average annual interest cost to
The proceeds from the sale
of
other funds
from the
due
1,
in
their
an
demption
stated
with
company,
Commission,
lien
1945,
March
on
the
Commerce
000.000 of
the
entered
these
Deduct- from
outstanding $10,000,000 of first mortgage 4%
Jan.
1, 1974, which were issued to the RFC.
the first mortgage dated Jan. 1.
1939. made
secured
by
applicant to the
by
therm,
intact
interest 'charges
•
by
by
semi-annually.
D.
the
particulars
authority
mortgage bonds, series B, due
application has been offered.*
^
(The) Virginian Ry.—Annual
Report—
F.
be
revenues
,.
states-
application filed
an
2
out
the
two
funds
and
to
163, p. 2055.
amortization.
Commission
the
to
on
_
mortgage bonds, series B, due Jan. 1, 1981, in
the
the redemption of a like principal amount of outp
conclusions
.
o(
them, cashm
obligations for which
redemption,
common
to
in
°fXmg„ income—y 1
noncom.
first
the
been
« «
payable
applicant make
a
showing
interest rate for the
seiies B
Net income
laia.
u.
?pt!irt
April
1617.
p.
*o^,uuu,uuu
Company has invited bids
dated
the
together
for
therefor.
^J63^^enZnV ,errcd t0 ^rn.^sur.
3XrT'd
2ES88'.691 26:i32;560
~Def.c,t._V.
::
-
the
m
reserve
aside
as
will
the
the
tt
Deduct, from
examiner.
poses
be
will
of
6,781
Jan
SceptiSns
in
1946,
of
with
wit
connection
Our
$1 An-
on
a
share
163.
ADril
The
per
depreciation
$10 000 000
Thp
Utah Power & Light
Co.—Invitation for Bids for the
Pnrrha«?p of $3? 000 000
x-uiLiidbe ui
$32,000,000
that
price
details as
18,009
3 281
set
called
bonds into
sale
order
750,550
Western Pacific RR.—Bonds Authorized
1036.
p.
declared
dividend
25
Dec.
A,
satisfactory
171,950
surplus-unappropriated
for
over 15 years on
this issue.
The direcare
presently of the opinion that in view of the
streamlining of
operations and capital structure, and the
company's strong financial
position, a liberal dividend
policy will be carried forward, the company stated in its announcement on
April 17.
of
series
2,8$^
riohi
that
the
purposes,
$5,300,000
reduction
Operating
Operating
in
of
liability for 1945
specified
the
such
82,225
f„nripri
nn
stated,
consideration
opinion
that
Westein IniOli Telegraph
1,257,975
liabilities
is
care
Upon
the
tax
tioned above.—V.
--
299:250
Other current liabilities
Deferred
has
interest.
*92,901
1,257,975
declared
T^tS^t^payable::::::::::::::::::::
tors
Dividends
of
a
Gross
dividends
of
^OTteage series A
particularly
take
^be. ProP°sed bonds
the
No
1.700.153
90,970
154 ^ ^
regular 25-cent quarterly dividend
stock, thereby putting the stock on a $1 annual
basis.
first
to
up.
of
condition
acceptance
123.165
—
1,528,789
Snmatured S
Unmatured
it
contained
be.
may
refinancing.
158,596,775
27!955io00
--III-
stock
Service" balances^net)
and
exSriX
timP
perhaps be
presumably
rate
balances
tne
furnish
and
*85.340
31 271 500
of
*or
obtained
300,600
137,082
"preferred"
car
was
higher
a
purposes,
condition
income
satisfactory
to
set
are
bonds,
further
1,138,876
debits
accounts
+After
amendment.
with
Universal Laboratories, Inc.—Places Stock
directors
*und
2,867
749
569,438
debt
and
underwriter.
nnnl "niviHpnd "Raciic—
Dual DlViaena rsasis
The
275
assets
stock
purposes.—v.
The price to the
public and dividend rate
The
net proceeds from the
of
-338,190
184,784
Divkiends™!^
withPDDT.
.1.
sale
3,888
advances
Miscellaneous
Company on April 16 filed with the SEC a registration statement
covering
40,000
shares
of
cumulative
convertible
preferred
stock
'Par $50).
Hemphill, Noyes & Co. is named
the
3.900,963
851
receivable
there
on
for
version
627,267
2,071,369
repairs
cumulative
that
for
these
required
are
we
remain
income
——
326,754
1,040,844
of
Registers with SEC—
from
needed
may
743
154,724,272
common
This
earned,
*
™e8company 'i.
and
4,616,811
(net)
Total
pr#,minm
m.tiand 'lo'reimtroree
States
is
liability, mentioned above, be held
solely for those purposes,
any
2,500,000
and conductors—
receivable
7
United
tax
used
1,250,000
secur.
receivable
unadjusted
adopted.
it
for
that
estimated
-4,344,190
assets
deferred
Equipment
mi?ht
ft
tliat
to
of
proceeding
be granted
278,661
4,089,201
etc
supplies (at cost)
current
Working
from
dividends
if
cash
reserves
987,995
balances
accounts
and
Accrued
other
the
304,048
S.
of
use
4,377,228
service
car
was
bear,
11 ls al>Pare.nt from the i'?ms
1944
7,071
companies,
Temporary cash Investments U.
deposits
Tralfic
It
Of
brouehi
mortgage 4*/a % income bonds, series
A, due jan
i"
necessitating an expenditure of $5,300,000
for
principal and
Adequate provision must also be made
re,erred
138,380,097
__
_
supervision
^
relieved
?
prior
1916.
It
in
years.
its general
$2.73
73
134,111,994
property
Speciai
^affic
^ "oeWofCfer
P^fel^edf,c^oc^rwjdlQC^ IvnonktSn rnri
will be used for plant expansion
ana
month,
3'12$2
$
transportation
and other reserve funds
Miscellaneous physical property
investments
have
position for
railroad h.* L*
The
ended
40
would
earnings
they
excess
capital
Audited
together with
convertible
next
of
31
1945
in
would
fortunate
obligations.
character
approximately
hat
Sinnnn
supervision
ooj'""-':istuJmS
l^Tl'joO lOT^OO ljsn'xo 5„tlrelire the outs,andinB "rst
^entsihe
' bU''*X
60*741
bU6
606
its
interest.
BALANCE
finvestment
history
off
particular
from
court
its
,„d
currem
CUlrent
curre°Ja ^
the
This
emerged
meet
court
This
over
recommended
pay
obligations
current
tn
to
ah....
com.
could
^on
dividends-
Long-term
2055.
p.
Privately—Company has sold $2,000,000 of 3% notes due April 1,
1966,
to an insurance
company.
The notes were sold through
Kidder, Peabody & Co. and Hemphill, Noyes & Co., as
pui'Hy
4&2
The
Common
it
an
rearing
retirement,
particularly
similar
a
pr0pertv
gpent under
this
that
transfd.
inc.
that
times.
Period End. Feb. 28
extend
such
United Wallpaper, Inc.—Sells Notes
ror
been
said.
Smith
until
*10 918
m,ui»
operated
2014,
Net
tripled
of
voted
plan
much
as
practically
S7,2n40l
11,401
10,7o9
inc..
debt
make its board anxious to
insure against
future financial embarrassment.
Yet instead of
using available fiX
t0 curtail obligatory interest requirements, as was
found
practicable
by ou' examiner, a program to retire
consolidated
amount,
period of
1941-1945,
Mr. Smith revealed that the
company produced $1,249,750,508 worth
of goods in government-owned
plants for which the company received
revenue
of
$27,611,580, before Federal income taxes, or 2.21%
of
the production value.
Sales from the company's own plants amounted
of
$7 418 351
debt—a
troubled
the Property of
that
'
the
1943.
the
*7 667 481
Jot to*
2,^^ debt.
unfunded !;;;"
on
the
in
$7,348'594
of
a
production basis.
The company's producinception of the Government's program in 1942
more
than 374,000 tons, the largest output of
operations
80,258
wad.
order
in
preferred
on
the
110,702
:
company.
Reviewing
deducts,
In*
on
company produced
more
than
162,000
synthetic, GR-S, chief of the war-winning
Smith stated, and developed 45 new varieties of
all
from
1945
Misc.
Int.
purpose
rubber, Mr.
synthetic
sales
created
reserves
the
During
tons
of
$7'497-223
.
company-owned
or
$7,118,417
151,015
income.
income
stock
plants accounted for "S471,506,473, a
new
high.
More than
$310,000,t)00 worth of goods were produced
in
government-owned
plants.
Net
income
after
all
charges
was
$13 024 778,
$6,062,583
*7990110
Other
on
expansion
first
651.091
this
held
shares
for
or
than
1946
common
authorized
value,
par
with
meeting,
""■Pot" value0ofStprod1uctio"1ast°yea°t In more than
owned
op* rated by the company throughout the
net
of
oper.
for
such
was
(Dec. 29, 1944)
Ug inabmty t0
by
has
right time," Herbert E.
annual
the
amount
S100
quarter
pleased
the
the
at
available
the
in
be
at
increase
par
shares
decrease
first
corresponding period of any
upward, and in regard to
will
vou
will
the
ry.
still
is
stockholders
voted
in
the
in
believe
directors
told
stockholders
The
to
of
board
President,
Co.
Trend
the
Net
available
or
interest
in
recently
$6 569 237
$6,569,2J7
joint facil.
rcnts (net)
-
cash
position of the applicant
an
Capitalization Ratified—
receivable
of first mortgage bonds without refunding.
S^b,/^
6,657,500
cash* $*9 762 9^
including
the proposed report
by the examiner it was
application be
denied
on
the
ground
that
thg
^
accounts
s26,847,808.
was
railroad
and
int0
-
In
6,171,969
miscellaneous
$12,001,345'
and suppiies $3,305,733.
The excess ol
current assets
material and supplies and certain other
items not
material
—1,024,585
expenses
Railway
RppnrH
itetoru
1,131,949
3,823,461
12,209,571
6,291,411
Transportation
Equipt.
in
22, 1946
tfSBUTSLW*.^J
$6,244,437,
1945>
S28.308.057 $29,169,161 527,300,864 $26-523,147
revenues
Maint.
1616.
p.
l'o55 701
1.055,701
1014590
1,014,590
——
oper.
as
1946.-V.
1.
revenues
Current assets totaled 548,247,874.
gggjg -*
7-455.468
_
for
preferred stock will be closed at the close
of
April 24, and remain closed until the opening of business
M-nv
2
1946
The
transfer agent of the corporation has been
instructed to make no transfer of any shares of such first preferred
s?ork as have been called for redemption.
the
of
other
Total
stores
transfer
the
Freight—merchandise
such
100,000 shares of this issue will remain outstanding.
to be redeemed will be chosen by lot.
The books
redemption
liability.
^
S19?f 866 620,1g* «&&» $39,691,289
.
The directors
Monday, April
income account for calendar years
til
$58,000,000
the company s
^
g. caPKaA
needed
m
lp46
financial
to
finance
•
H-mimnl
obligations and provide additoan
anticipated large voiaint
neXt
add!.i<?"aJ, casblith
npHnri
5
threef ^'ears' the ctoraPany
The management is now negotiating an
!!16
y V
Tuie
a^T-
^be management
"a*
,
sl°CK
3
'
business
issue.
A,
the
-0Ptio.n t0
also
is
,f,inancial
company s
additiona]^
Pr°gram snch
declaied that
bc°0
S80.0C
"en-w for three
studying the advisability
as
a
lesult
management
as
of
found
increased
itself
cossts
wuh
0:1
less
oco
nrr-
mm-e
of a moi
debenture bonds or a
I'A?,?1
an .ever be;«reIDcspite an anticipated
i"®rpasfll-„
toiume^ and a backlog of unfilled orders on
\\estin^hvus
a^.un,l.mf to approximately $400,000,000, Mr. Price said, it
.
1
-n!?
,.
nv,
s
Q
difficult
of
*ts
for
the
normal
company
operations
to
in
maintain
the
earnings
at
163,
p.
1485.
^
^
a
level
Past."
,
Mr. Price said that the number of Westinghouse
increased approximately 2,000 since the start of the
totals 59,074.—V.
>>n0fc-
stockholders had
1
efr»M-fmiaers
strike
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
Volume
Smith Successor to Harriman
gen.
U. S. Notes to Moscow
as
Envoy to Russia Arrives in Moscow
Bedoil Smith, who recently left the United
assume his new ppst as Ambassador to Russia, presented his
Lieut.-Gen. Walter
states to
April 3 at Moscow to Nikolai Shvernik, Chairman of
pTe presidium of the Supreme Soviet, making his first call on the dean
of Moscow's diplomatic corps, Sultan Ahmed Khan, the Ambassador
from Afghanistan, according to Associated Press advices from Mos¬
cow April 4.
^
—
-—
credentials on
London April 4 the Asso¬
From
every
ciated Press reported:
"The Moscow raido
said tonight
that Prime Minister Stalin had re¬
vived Lieut.-Gen. Walter Bedell
Smith, new United States Ambas¬
sador to the Soviet Union, today.
"The
broadcast' said
Foreign
Commissar Vyacheslav M. Moiolov was present at the meeting:"
The U. S. Senate" confirmed on
March
21
the nomination
by
President Truman of Lieut.-Gen.
Smith as Ambassador to Russia.
He succeeds W. Averell Harriman,
who recently resigned.
The Sen¬
ate action on the newly appointed
Ambassador was by acclamation
and without debate.
The nomina¬
which was approved by the
Senate
Foreign Relations Com¬
mittee on March 20, was sent to
the Senate on March 15, and in
tion,
the formal nomination
stated in Association Press
advices
from
Washington
on
March 12 that Gen. Smith won
unanimous approval on March 11
advance of
it was
military subcommit¬
by a Senate
legislation to authorize his
appointment as Ambassador to
Russia while retaining his mili¬
of
tee
These press advices
status.
tary
added:
"me
peared
before
House
General ap¬
closed-door hearing
the Committee acted. The
already has approved such
50-year-old
at
a
legislation.
"The
measure
receive
and
pay
him
permits
to
as
an
expenses
and to be free from
Ambassador
Department control during
diplomatic service."
Ambas¬
sador Smith, sworn in on March
War
his
22, left Washington on March 24
by Army plane for Moscow to
take up his new oost.
The1
new
Envoy
was
for¬
chief
of
staff to
Gen.
Dwight D; Eisenhower as Allied
merly
Supreme Commander in Europe.
Mr5.
Harriman, former Ambas¬
sador
to
the
Soviet
Union,
his
returning
at
try,
this
to
dinner
a
address
public
first
made
since
coun¬
tendered
in
by the Board of Di¬
rectors and the New York Com¬
his
honor
of
mittee
Relief
Russian
for
of
ballroom
21,
in
to
our
grand
the
address
issue
1488.
page
in
Mr.
Com¬
was
Harriman
was
try about the middle of
at
February,
time President Truman,
which
according to special advices to the
New York "Times" from Wash¬
ington, made public the fact that
Harriman had resigned his
Mr.
post
Gen.
be
Russia, and that Lieut.
Walter Bedell Smith would
to
his
appointed
Prior
In
to
manner
and
victory
our
flected credit upon your
re¬
Govern¬
In accepting your resigna¬
ment.
tion I want you to
know that I am
satisfied all thoughtful Americans
will share my
to
feeling of gratitude
for the services
you
rendered
have
you
country."
departure
accepting Ambassador Harri-
tariat
announced
18
Feb.
on
Secre-
lf
°t
you
en[ Roosevelt that with the end
the
War
mitted to
you
i,
should
be
per¬
At
my request;
agreed to remain for
resign.
owever, you
a
while longer.
"
had with Pres-
the
ed upon to
war
you
were
Iran
latMan¬
and
nation
billion
reached
of
well
in
1945,
ahead
almost
of
the
a
pre¬
1944 and
1943, the re¬
All types of mortgage
lenders,
except'
life
insurance
companies, increased their volume
of activity over last year..
Gains
ranged from 7.3% for the miscel¬
Aug. 14, 1945. The United States
note refers to this promise, and
laneous group to
with
the
Russia's
the
Savell's
appointment, effec¬
tive March 1, to head the Secre¬
tariat's operations in this country
is part of the postwar wool pro¬
gram which has been developed
since V-J Day.
He will go to
England shortly to become famil¬
with
iar
activities there and
new
put the Secretariat's American
to
pledge, through par¬
ticipation in the Teheran Declara¬
tion of Dec. 1,
1943, to respect
Iranian
independence, sovereignty
and territorial integrity. "So far as
to further the interests of the wool
industry in all parts of the world,
activities which include
scientific research, the gathering
and
analysis of economic data,
through
with
liaison
and
interests
wool
promotional programs designed to
wool
consumption.
Mr.
Savell will carry out these objec¬
tives in this country, working di¬
rectly with the London office of
the Secretariat, and also with Earl
Newsom & Company, counsel for
increase
the
Secretariat
States.
Mr.
in
United
the
Savell
has
resigned
his position with the Institute of
Public Relations, Inc., in order to
accept the new assignment. Before
joining the Institute, Mr. Savell
was* Executive
Editor
"Today
of
Magazine," and prior to that was
editor of the "Literary Digest."
according to the Associated
Press,
"this commitment
Sign
Union
solution
A
aviation
civil
permanent
American
Bermuda
agreement,
and replacing a provisional agree¬
ment
made last
December, was
signed
United States and
27, Associated
accord
Paris
from
stated.
flights be¬
points
iri
and the French Empire.
Pogue, Chairman of the
regulates
America
tween
France
Welch
and
Aeronautics
the
signers
arid
Board
United
the
for
one
States, said the accord Would pro¬
vide
transitional
a
rates
lower
progressively
toward
tending
rate schedule;
facilities improve;
as
The Associated Press added:
"In
an
ments
pledge themselves to foster
'at
travel
the
cheapest
rates
"Mr.
economic
sound
there would be more than
ica to meet any
enough
Iran
agreements
been signed with
Norway,
on
amounting
$2,009,700,000
to
for
the
by
created
in
tripartite
has
treaty
situation with regard to
a
the
which
the
of
Government
of the
party to
United States, as a member
Nations and
United
declaration
the
as
a
Iran
regarding
1, 1943, cannot remain
dated Dec.
indifferent."
that
the
the note requests
Govern¬
States
United
ment "be
promptly advised of the
decision of the Government of the
Soviet Union, which it hopes
will
be in accord with the views here¬
in
and
by this Government to the Soviet
although
to reiterate the
not re¬
however,
attitude that was
by Secretary of State
Byrnes' in his note of Feb. 9, 1948,
conveyed
Russia
both
China calling
and
door" policy in Man¬
which
Manchuria,
in
proposal China had rejected.
In
his
9
Feb.
policy
would be "contrary to the
princi¬
such
that
out
Pearl Harbor Committee
reply to written questions
the Senate-House Commit¬
from
1941,
7,
Dec.
Harbor,
Pearl
on
attack
Japan's
investigating
tee
Secretary of War Henry L.
Stimson,
who
because
of
ill
health was not required to ap¬
former
in person before the Com¬
mittee,
sent
the
legislators a
written statement 38 pages long,
accompanied by an additional 30
diary
in
memoranda
of
pages
the Associated Press re¬
ported from Washington March
form,
wartime
Cabinet," >.ine days before
"War
discussed and rejected the idea of
attack
American
an
Japanese
on
"without further warning,"
forces
Department had
after the War
information
1941,
"for¬
along the Asiatic coast of a
Mr.
follows
as
"Times"
York
New
Washington
in
highlights
21
March
lengthy
Stimson's
pre¬
"From
comments
the
of
some
events
this mat¬
ter of the industries in Manchuria
is the matter of reparations policy
to
to
because the major por¬
of
Man¬
Japanese-oWned prior
the defeat of Japan. This Gov¬
were
ernment
considers
that
the
ulti¬
disposition of Japanese ex¬
mate
assets,
such
as
are
or
number
the
1945,
by type of lender:
Per Cent
Amount
573,977
46,601
297,880
51,647
$2,009,707,000"
36%
244,432,000
4
1,091,021,000
19
216,982,000
1,402,103,000
658,946,000
25
$5,623,190,000
4
12
100%
the indus¬
sent out to
were
mili¬
our
imminence of
publicity,
Wide
head
the
the
of
trend
coming
were
the autumn
to
American
Cabinet
thought the
was
people
back
would
us
if it became necessary to strike
up
in case she should
at'Japan,
tack
in'
England
Dutch
the
that
at*-
the
or
The
the
in
unanimous
was
feeling
Malaya
East' Indies.
the
in
Cabinet
would"
country
support such a move.
"This message [warning sent to
criticised
General Short] has been
ambiguous and described as a
as
that
'do-don't' message. The fact is
with the utmost pre¬
it presented
cision
the
whibh
with
situation
the
all confronted and in
we were
light' of which all our command¬
officers,
well
as
our¬
we
as
selves in Washington, had to gov¬
ern
conduct.
our
"The
situation
delicate
admittedly
was
On
and5 critical.
1941 and
of
own
safety
devel¬
to
had
our
wanted
begun
had
who
Japan,
destruction and
spreading
throughout
terror
large portion of the
a
precipitate
moment if it could
there
we
wanted
the
be
to
was
the
one
did
we
war
not
at
this
be avoided. If
moreover,
war,
the Japanese
first
overt
act.
to
com¬
the
On
other hand, the matter of defense
against
an
by Japan
attack
was
the first consideration.
"Such
informtion
able
been
gather
to
movements of the
indicated
a
we
as
as
to
had
the
Japanese forces
movement toward the
south. The movements of the fleet
which
civilized world.
time,
more
to
want
mit
great aggressor nations, Germany
and
to take
the
of
vote
whether it
to
as
into the actions of the two
oped
informal
art
undertook
President
The
a
unmistakehly
threat
which
receives the
one
forgotten
which
in
with Japan was
war
public knowledge and
the
people were being warned
time and again of the danger of
which was approaching.
"On Friday, Nov. 7, we had the
usual
weekly
Cabinet meeting.
matter of
hand, in view of the fact that we
and notes:
already
industries
Following
and amount recorded during
of
statement
sociated Press:
churia
based on re¬
of mortgages of $20,000
less.
ing
character."
midable
sented
28,
movements
Japanese
ot
re¬
Nt>v.
on
Stato add^d. according to the As¬
the
The estimates are
had
disaster,
Harbor
Pearl
the
dis¬
Secretary
President Roosevelt's
that
closed
impression that many people have
of
$5,033 to $5,245, still the highest
types of lenders.
for all
a
In
development
of
Manchuria. And the Secretary of
for Japan,
made rose from
average mortgage
tary and naval commanders in the
various
theatres of danger, the
industrial
related
their
and
lenders
miscellaneous
institutions
lending
which have been made and given
"Directly
remained in fifth place, after
year,
i
ple of the Ooen Door" and would
constitute discrimination against
Americans who wanted to join in
the
a
499,325
advices
note, Mr. Byrnes
a
pointed
total of' $244,432,000 last
which
The
industries
companies; despite a 5%
drop to
*
other
and
plants,
groups
field: Life
insurance
banks
savings
ceived
was
power
par¬
of institutional
165,435
companies
trust
Miscellaneous
the result of his
having
been
informed
by
the
Chinese Foreign Office that Rus¬
sia
had
proposed joint SovietChinese control of specified coal
mines,
relative
the
alter
to
in the home financing
Individuals
The
Manchuria,
cient
ticipation
1,634,865
Banks
Mutual
The text of the note addressed
leased, was understood,
rose from $2,Banks and trust
companies increased their volume
of business by almost one-fourth.
None of these changes* was suffi¬
average
$2,808.
Number
21.
expressed."
on
to
Insurance
pear
In conclusion,
their
537
and loan associations
companies
Savings
by
beyond the period stipulated
tries in Manchuria; is a matter
common
interest
those Allies
and
now
have
The State
Russia
on
concern
of
to
who bore the major
burden in defeating
demand.
"Embassy officials said bilateral
Spain,
lender
and
attacked/" Pearl
Harbor
o
flights between France and Amer¬
land,
remained
recorded 23.6% more than in 1944
a
ernment to retain Soviet troops
ternal
Pogue said that before long
aviation
loan associations
the
leading
type
of
the basis of recordings
and
Savings
$1,402,103,000 or 25% of the total
of all lending for the year. They
ports
"The decision of the Soviet Gov¬
tion
annex, the tWo govern¬
further stated:
the FHLBA
direct negotiations.
March
on
advices
Press
Of
the
by
France
The
-
seek
difficulties
their
of
savings banks.
31.5% for mutual
The advices from
important source of
most
mortgage credit with a volume of
Soviet
the
should
Iran
and
for an "open
agreement, similar* to the Anglo-
that
agreed
churia, which
J
not
was
questioned at the recent meeting
of the Security Council in London,
which
port said.
Individuals continued to be the
second
United
the
to say,
to
U. S.-France
of
Government
States is aware," the note goes on
wool program
into final form.
Founded in 1937, the Wool Sec¬
retariat's principal functions are
Iran,
and
on
quarters will be in New York City.
Mr.
Britain
herself to withdraw her
as
an
1944.
before.
in
dollars
total
a
churia, respectively. On March 7 vious post-depression high of 1941,
the State Department released the the Federal Home Loan Bank Ad¬
text
of
the
note
relating
to ministration reported from Wash¬
Iran in which it is alleged that ington
on
Feb. 9.
The year's
Russia violated her agreement to total of mortgages recorded it is
evacuate her troops from Iran by
indicated exceeded
1944
figures
March 2 and is called upon to im¬ by 22%, with an average mortgage
of $3,440
mediately and completely with¬
in 1945 as compared
draw them. The note states, ac¬
with $3,187 the year before. Loans
for
the
cording to the Washington dis¬
purchase
of
existing
patch of the Associated Press, that houses in the current sellers mar¬
the United States cannot remain
ket represented a large propor¬
indifferent to the situation, and tion of last year's financing, as
to
Japan."
Portugal;
Denmark,
Sweden;
Czechoslova¬
protested
Department's note to
March 5 pertaining to
Russian
"From
quoted
some
in
would get
imminent
11 nations—Eng¬ Manchuria is reported also to have
kia, Switzerland, Turkey, Ireland
perform many, mis-/ and France."
in
the
financing
mortgage
$5,623,000,000
the
protesting
action
ter's
appointment of
Morton Savell,
former public relations executive
and magazine editor, as Managing
Director of the Secretariat's office
in the United States.
His head¬
principles.'
understanding
Non-farm
Government
it requests a reply "promptly."
Wool
International
that he> agreed only upon the Am¬
bassadors insistence that he be
"At Potsdam you told me of the
5
the fall of Japan, which occurred
The
consistent- with
iruman wrote:
March
on
in
1942,
luctance," President Truman said
Harriman, President
States
addressed two notes to the Soviet
pledged
air
mtter to Mr.
United
increase of 28.5%
They accounted for,
36%
of all recordings as com¬
pared with 34% the previous year,
while their average loan was $3,~
501 in 1945 and $3,146 the year
year,
above
in
fi;p
The
the
Mortgage
troops from Iran six months after
your
man's resignation with "great re¬
allowed to return to his home and
business after long absence.
In a
Non-Farm
Russia, in her treaty of Jan. 29,
Civil
successor.
from
Moscow and again on his home¬
ward journey, Ambassador Harri¬
man went on special missions to
the Far East, where he conferred
with General of the Army Douglas
MaCArthur, Generalissimo Chiang
Kai-shek, and General of the
Army George C. Marshall.
*
his
to:
tributed
discharged
that con¬
you
a
Match
of
i, 1943; returned to this coun¬
Oct.
occasion
duty in
your
re¬
appointed by President
Roosevelt as envoy to Moscow on
who
great importance and on
Society
Hotel
the
His
modore.
ferred
American
the
sions of
2203
removal
to
and Nov.,
known
booty" of the Red Army.
"war
of
war
the
of
Aside
one
in
Oct.
deep secret;
was a
Nothing
from
attacked
was
threat
further
the
it
press,
jthe impression that the
1941,
our
from
destroyers
the
could
least
had
been
war
war
be
At
truth.
by German
were
"I
public
the
comments
only to the authorities in
one
that
the
Washington.
Siberia of industrial equipment on
grounds
of
vessels;
warnings
entirely unknown to us.
"yvas
warning
President
inclined to feel that the
the
given in August by
against
further moves
by the Japanese toward
justified
an
ther warning.
On the other hand,
I realized that the
be made more
situation could
clean-cut from
point of view of public
a
Thailand
attack without fur¬
further warning were
thfe
opinion if
given."
220i
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 22, 1945
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
Cumberland Securities Corp.,
Nashville:
Huntsville, Ala.
For
Tenders Wanted—N. M. Payne,
(CST)
of any
on
7:30
until
tenders
p.m.
$91,000
and
1949,
in
129.01
defeated
April 9:
110.02
—
_
$70,000 city hall bonds.
25,000 library bonds.
50,000 police station bonds.
19
112.08
106.87
For BJ ock No. 23
____109.11
election
the
at
held
on
Fresno
Monterey County Alisal Union Sch.
Dist. (P. O. Salinas), Calif.
May
County
Sch. Dist.
Teague
1
for
1947
to
Bidders will
bids until 10
different
April 30 for
the
purchase of $25,000 school
Bond Election
An issue of
bonds, not exceeding 5% inter¬
street
improvement
bonds
est.
Dated May 1, 1946.
Denom¬
amounting to $38,000 will be sub¬
ination $1,000. Due $2,000 in 1947
mitted to the voters at the elec¬
to 1957, and $3,000 in 1958. Prin¬
tion to be held on April 23.
cipal and interest payable at the
Howard County Sch. Dist. No. 2
County Treasurer's office.
En¬
(P. O. Dierks), Ark.
close a certified check for $1,000,
Berryville, Ark.
a.m.
725,000 Electric System Revenue
Refunding bonds. Dated July
1, as follows: $94,000 in 1951,
1952, $100,000 in
1953, $103,000 in 1954, $107,000
1955, $110,000 in 1956, and
in
$97,000
in
$114,000 in 1957.
Each tender must
Bond
designate the
price at which bonds are offered
the City.
to
bonds
offered
for
163,
v.
The 2 y2 %
—
to
sale
payable
school
on
on
tle
Portfolio Bonds Awarded—It is
Rock.
These
from
Dated
bonds
March
due
are
1947 to
1,
7
Camp,
Jr.,
Vice-President and Treasurer,
that
Bonds Offered—An issue of* 3%
Alabama,
refunding
bonds
amounting
to
$1,494,000 is being offered for sale
Ehney
by
A.
the 30 blocks of State of
Alabama
bama
county bonds and
school and
county
warrants aggregating
fered
for
sale
$525,500, of¬
April 11,
on
Ala¬
county
were
the
National
First
Bank
of
128.87
1
No.
Union
&
Dated
Jan.
& Leach of Bir¬
and the Equitable
Securities Corp., jointly:
Block No.
2
135.71
mingham,
of
Jan.
National
Memphis.
These bonds
1,
1947 to
1972.
$500,000 of bonds maturing
1, 1972, are callable on July
1946, or on any interest date
Jan.
thereafter,
at
funds
All
30
days' published
102, only from surplus
in
bond
on
the
debt
service
redemption fund.
the
the
and
date, and
Principal
Planters
at
Bank
&
stated
that
Auditor,
is
be permitted
rates for
turities.
Principal
Enclose
of
the
a
bonds
Postponed—R
Superintendent'
bid for, payable to
Supervisors.
t
of
Schools, has announced that
the
election that was.
scheduled for
April 8 to submit to the voters
the
site purchase bonds
$60,000,
was
Las
interest
and
Dist
Bond Election
Mitch el 1,
mar
certified check for 10%
the Board of
County Golden Sch.
(P. O. Golden), Colo.
Bonds
amounting to
postponed until
May
13.
to bid
different
payable at the County Treasury.
Animas, Colo.
Purchased—An issue
of
electric
light and power revenue
refunding bonds amounting to
$240,000 was purchased
recently
by
a
syndicate
composed
of
Boettcher & Co. of
San Mateo County Sch. Dists.
(P. O. Redwood City), Calif.
Bros. &
Bond
Super¬
Trust
aforementioned
the
at
Department
bonds
option
the
on
of
above
any interest payment
thereafter prior to
date
National
is
City
redeemable
are
and interest payable at the Union
138.40
13
Block No.
Co.,
1, 1946.
on
notice
To Sterne, Agee
Planters
Trust
due
are
1,
Mobile:
Block
the
The
awarded as follows:
To
by
Bank
of
on
the
of
Jefferson
croft, Cole & Co. of Topeka, Lu¬
Sale
—
The
San
Mateo
Elementary School District bonds
amounting to $1,150,000 and of¬
fered for sale on April 16—v.
163,
p.
1917—were
Bank
&
of
awarded
America
to
National
the
Trust
Savings
Co. of
Farrell
cas,
City,
Denver, Stern
Kansas City, Bee-
& Satterlee of Kansas
Peters, Writer & Christen-
Sullivan & Co., both of
as 1.70s.
Interest M-N
Dated May 1, 1946.
These bonds
are
due $20,000 Nov.
1, 1947 to
1958.
Principal and interest
and
sen,
Denver,
Association, of Sancalling for payment on June 1, a
pay¬
Francisco, and the Chase Nation¬ able at the
total of $18,960,000 electric plant
City Treasurer's office.
al Bank, of New York,
jointly, at
Legality approved by Myles P.
refunding revenue bonds, Issue of a
price of 100.03, a net interest
1943, dated June 1, 1943, consist¬
Tallmadge of Denver.
cost
of
1.03%, as follows:
For
ing of all the bonds of said issue
$200,000 maturing $50,000 April 1,
Moffat County,
Craig Sch. Dist.
maturing on June 1 in each and 1947 to 1950
as 4V2S, $500,000 ma¬
(P. O. Craig), Colo.
all of the years 1951 to
1975, in¬
turing $50,000 Apr. 1, 1951 to 1960
Bond
Election—An
issue
clusive, comprising bonds bearing
of
as
%s, and $450,000
maturing construction bonds
interest at the rate of 1%% per
amounting to
$75,000 April 1, 1961 to 1966 as Is.
$415,000 will be submitted to the
annum, numbered 2,776 to 6,075,
Dated April 1, 1946. Interest A-O.
voters at the election to be held
inclusive, and bonds bearing in¬
Legality
approved
by
Orrick, on May 7.
terest at the rate of 2% per an¬
Dahlquist, Neff, Brown & Hernum,
numbered 6,076 to 21,735,
rington, of San Francisco.
inclusive.
1967.
County Drain Dist. No.
(P. O. Harrisburg), Ark.
Errett,
Clyde
1,
Poinsett
Call—It
Bond
er
1946.
Jan.
on
Board
Los Angeles, Calif.
Department of Water and Pow¬
1817—were awarded to
p.
the
to
visors.
$57,500 and
April 12—
Satterfield Brothers & Co., of Lit¬
Liberty National Life Insurance
Company (Birmingham, Ala.)
stated
Sale
amounting
a.m.
1966, and $3,000 in 1967.
Bond Offering—E. Dusenberry,
County Clerk, will receive sealed
ARKANSAS.
10
purchase
Dated May 1, 1946. Denom. $1,000.
These bonds are due $5,000 in
—
1950.
the
school bonds amounting to $103,000, not exceeding 5% interest.
(P. O. Fresno), Calif *
COLORADO
Bond Offering—Emmet G. McMenamin, County Clerk, will re¬
ceive sealed bids until
112.21
For BJ ock No. 24
Due
in
following
amounting to $145,000 were
bonds
109.85
__
For B lock No. 21
part of the following bonds:
000
137.72
11-
For B1lock No.
May 9 for the purchase
July 1, as follows: $83,000
1947, $85,000 in 1948, $88,-
5
For B]lock No.
$341,000 Electric System Revenue
bonds.
Dated July 1, 1940.
in
No.
For BJlock No. 15For B1 ock No. 16
City Clerk-Treasurer, will receive
sealed
B] ock
Coronado, Calif.
Bonds Defeated—The
School
amounting
offered
to
for
on
maturity
redemption price,
a
An issue of Redwood
mentary
with
re¬
FLORIDA
City Ele¬
District
Frostproof, Fla.
bonds
$600,000 and also
on April
16—v.
sale
163, p. 1917—was awarded to a
syndicate composed of the Amer¬
Refunding Bond Exchange Of¬
fer—Creditors of the above town
are
being
cordance
advised
with
that
Section
in
ac¬
of
7
the
ican Trust
Co., of San Francisco, final decree entered on
Co., Memphis. Legality approved
redeemable
May 31,
Harris Trust & Savings Bank, of
To
the
Cumberland
Securities by Rose,
1945, all creditors of the town
Loughborough, Dobyns bond, equal to 100V\% of the
Chicago, Weeden & Co., and Han- are notified to
Corp. of Nashville:
& House, of Little Rock.
principal amount thereof, plus V\
present any origi¬
naford
&
Block No.
3
119.58
Talbot, both of San nal securities entitled to be ex¬
of 1% of such
principal amount
Block No. 30
120.65
Francisco, at a price of 100.01, a changed for
for
each
12-months'
period or
refunding bonds by
CALIFORNIA
net interest cost of
fraction
1.1538%, as May 31, 1946. Holders of original
To the First National Bank of Bir¬
thereof, from the date
follows:
For
of
Beverly Hills, Calif.
$30,000
maturing securities who do not submit by
mingham:
redemption to the maturity
Bonds
Voted
The
Block No.
4
128.24
following date of such redeemable bond, April 1, 1947 as 3%s, $360,000 ma¬ that time their claim must there¬
Block No. 12
129.26 bonds amounting to $525,000 were but not exceeding 105% of such turing $30,000 April 1, 1960 to after provide their own bonds at
Block No. 14
121.07 favorably voted at the election principal amount, and in addition 1966 as IV4S. Dated April 1, 1946. their own expense.
Block No. 15
110.25 held on April 9:
thereto there will be paid, as to Interest
A-O.
For the benefit
of interested
Legality approved
Block No. 17
132.28 $300,000 Metropolitan Outfall each such bond, accrued
unpaid by
Orrick, Dahlquist, Neff, Brown creditors, Section 7 of the final
Block No. 18
124.09
interest thereon to the date
disposal
spect
to
each
such
—
No.
19
Block No.
20
116.11
Block No.
21
107.09
Block No.
23
112.29
Block
No.
24
109.57
Block
California
(P. O. Sacramento),
Calif.
112.09
son,
26
106.17
Instruction,
will
Block
27
111.83
bids until 10
a.m.
Georgia, of Atlanta, jointly:
Block No.
Block
5
California
132.03
144.76
No.
8
9
133.31
No.
10
118.37
Block No.
11
16
Block No. 22
41/4%
118.87
Block No. 29
118.14
Runners-up in the bidding
were
Contra Costa
follows:
Sterne, Agee & Leach, and Asso-
Bond
dates1
128.60
For Block No.
•
2
135.54
First National Bank, Birmingham:
For Block No.
3
For Block No.
For Block No.
6
_131.55
7
143.40
For Block No.
For Block No.
8^
119.77
:I133.96
9
132.16
For Block No. 10
118.34
For Block No. 13
138.29
For Block No. 22
130.43
For Block No. 28
118.42
Gaines & Co.:
For Block No.
4_—
128.15
For Block No. 20
115.23
For Block No. 30—
120142
Los
An¬
various
City
at
net: (interest
follows:
for
$30,000 June
bonds
June
1,
H.
—
L.
Byram,
Treasurer,
ing bonds:
$6,600
(P.
issue
of
Association,
a
of
of
For
were
San Mateo
as
follows:
Elementary
School District Bonds
Bidder
Price Bid
First National
improveNo.
115
ment
1.136%,
as
a
nets
and
districts
improve¬
Nos.
136-137
bonds.
Los
Angeles County Sanitation
Districts, Calif.
Bonds
Voted —The
bonds
were
following
tion held
on
April 16:
$2,186,000 Sanitation District
No.
16 bonds.
796,000
Sanitation
District
No.
17 bonds.
_
An issue of Sanitation District
No.
15
bonds
547,000 will
amounting to
be
$3,-
submitted to the
voters at the election
to be held
on
April 23.
4
J
"The
make
follows:
as
bank
shall
bonds
continue
to
of
refunding
original securities for
exchanges
for
•
12
months from date, and at the
end of such time, shall return to
of
Frostproof, Fla., all
tendered for
exchange in mutilated form, to¬
gether with a certificate showing
original
securities
how
the
exchanges have been
made, and shall likewise return to
the Town of
100.109
Frostproof all origi¬
nal undelivered securities in can¬
celled
American Trust Co.,
Francisco, and
Associates,
For $150,000, SVis, and
$1,000,000, Is
100.004
Bankers Trust Co.,
New York,
Harriman Ripley & Co.,
Inc.,
Equitable Securities Corp.,
and
form,
with
a
notation
showing the number and denom¬
ination of refunding bonds then
undelivered.
Any creditor not
sending in securities during this
period of time shall not be denied
the
refunding
of Frost¬
proof, Fla., in exchange for orig¬
inal
claims, but shall be re¬
quired, after the expiration 01
right
bonds
receive
to
from
the
Town
said 12 months'
&
period, to provide
refunding bonds for sucn
exchange."
Co.,
jointly,
For $150,000, 4s,
$625,000, Is, and
$375,000, 1V4S
its
School District Bonds
Bank of America National
Trust & Savings
The original bonds
are: bond numbers
at this time
and
24,
ment,
tal
street improve¬
1, 1926; bond
$2,000,
dated
numbers
26
Nov.
34, $2,000, capi¬
fund, dated Oct. 15, 1928, anc
bond
and
numbers
30
and
31,
$2i>eOJb
19^
capital fund, dated Oct. 10,
Association,
San Francisco,
For $120,000, 4V2S, and
$480,000, Is
Halsey, Stuart & Co., and
C. F. Childs & Co.,
jointly,
For $150,000,
2V>s,
$270,000, Is, and
$180,000, lV4s
own
unexchanged
100.105
For Redwood City
Elementary
amounting to $2,982,000
favorably voted at the elec¬
decree reads
the Town
Bank,
Chicago,
Halsey, Stuart & Co.,
C. F. Childs &
Co., and
Milwaukee Co.,
Milwaukee, jointly,
For $250,000, 2y2s, and
$900,000, Is
Schwabacher
14,000 acquisition
San
$90,000
maturing
1, 1947 to 1949 as
4Vis, and $410,000 maturing June
1, $30,000 in 1950 to
1956, and
$40,000 in 1957 to 1961 as Is
Interest J-D. Dated June
1, 1946.
Denom. $1,000.
The next highest
bidder was ithe
American Trust
Co., San Francisco, for $500,000
1V4S, at a price of 100.82,,
interest cost of 1.153%.
and
district
bonds.
school
price of 100.009, a
cost
acquisition
provement
Martinez), Calif.
Savings
on
will receive
sealed bids until 10.30 a.m. on
May
16 for the purchase of the
follow¬
bonds amounting to $500,000 and
offered for sale on April 15—v.
163, p. 1917—was awarded to the
Bank of America National Trust
&
Wanted
County
County Antioch-Live
Sale—An
Francisco,
above
Angeles County Acquisition
and Imp. Dists., Calif.
Bids
6%
and after such
accrue
Herrington, of San Francisco.
Other bidders
San
Los
Unified Sch. Dist.
O.
For Block No.
to
to
cease
&
cou¬
1943.
5%
and School bonds.
Oak
Marx & Co.:
shall
Lot No. 3
5%
on
New York City.
Interest on
the
District bonds.
135,625
redemption,
may be surrendered for
collection of the redemption price
thereof at the National City
Bank,
geles, Various City and School
131.09
28
and
required
coupons
bonds
Lot No. 2
513,000
110.61
No.
following lots
municipal
tan Water District bonds.
130.41
Block No.
Block
April 18 for
amounting to $1,555,625.
134.57
Block No.
Block
on
$907,000 4% and 4*4% Metropoli¬
-3
7
are
redemption date, at the office of
the City Treasurer, or, at the
op¬
tion of the holder, said bonds and
Lot No. 1
No.
bonds
maturing
pons
sealed
137.81
Block No.
Block
receive
the purchase of the
of
above
accompanied by all interest
Offering —Roy E. Simp¬
Superintendent
of
Public
25
To Hendrix & Mayes of Birming¬
ham and
the
Trust Co. of
redemption.
to be surrendered for
Bond
No.
No.
for
The
Block No.
as
fixed
sewage
plant bonds.
225,000 incinerator bonds.
112.98
Block
In
addition
there
which
are
to
the
bonds
coupon
exchange .
above
miscellaneous
have
Interested
not
been
parties
should ioi-
ward their claims to the
National Bank,
Atlant
Jacksonville, Fi •
John Maxcy is Mayor of the
town, and J. W. Truitt is Town
100.017
Clerk.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
Volume 163
which
Highlands County Sch. Dists.
(P. O. Sebring), Fla.
mature
$2,650,000
1947
in
each
and
instalments
March
011
of
15
& Co., of New previously
j. Van Ingen
B
but
have
been
not
the successful bidders presented for payment.
following bonds amount¬
ILLINOIS
to $130,000 and also offered
Arlington Heights Sch.
sale on April 16—v. 163, p.
lor
Tax School Dis¬
$85,000 Special
bonds, at
2
No.
trict
100.299,
of
1947
to
of
6
No.
trict
100.19,
Dated April
were
Rate Price Bid
Van Ingen &
J.
District
for
follows:
as
Bidder
B.
No.
$185,000
1
East
Bonds
of
incinerator
street
2V2 %
100.19
2%
to
at
2V2%
.100.206
2V2 '/u
issue
Offering—J. E. Richards,
City Auditor and Clerk, will re¬
ceive sealed bids until noon (EST)
the purchase of
series F, coupon refunding bonds
amounting
to
$207,000.
Dated
April 29 for
May 1, 1945. Denomination $1,000.
May 1, 1981. The bonds bear
Due
interest
the
qt
until
annum
of 3x/2%
rate
and
per
including
Nov.
1, 1955, and thereafter at the rate
of 2%%
payable
1
The interest
annum.
per
each
on
bond
each
on
[interest payment date until and
including Nov. 1, 1955, is repre¬
sented
by two interest coupons
bearing the letters A and B, re¬
spectively,
each coupon bearing
the letter B being for $3.75 and
each coupon bearing the letter A
being for the balance of such in¬
The
terest.
constitute
1,
1955.
Prin¬
Bank
levied
property
and
all
upon
York,
taxable
(including
tangible
real
homesteads
personal
property
within the
City. The bonds are to
be awarded to the bidder
making
the most
advantageous bids which
be determined by the
City
Commission in its absolute and
will
uncontrolled
bid will be
discretion.
But
no
accepted for less than
all of the bonds
offered
or
offer¬
ing to purchase the bonds at less
I02V2. The approving legal
than
opinion of Masslich & Mitchell, of
New York
City, will be furnished
the purchaser without
livery will
charge; de¬
be made at the Central
Hanover Bank & Trust Co., in the
City of New York at 10 o'clock
a-m.,
on
certified
amount
May 1,
check
bid
1946. Enclose a
21/2% of the
for
for,
Treasurer, of the Board of
Education,
the
the
at
or
Guaranty
Co., New York City, being
of the City of
in New York City, said
fiscal
Chicago
agent
bonds and interest accrued to date
called will be
paid to the holders
Interest
thereof.
ceases
date
on
to
payable
the
to
City.
GEORGIA
(P. O. Chicago), III.
Superhighway
Bonds
resolution for
for
missioners
Ap¬
$70,-
a
submission
voters at the June 3
to
the
judicial elec¬
tion.
plan
was
approved by the
of high¬
Saturday.
ways
The
bonds, to
and
roads
the
be issued under
bridges act, will
provision for their retire¬
from the proceeds of a prop¬
carry a
ment
the
eorgia, both
1
Trust
of
^Purchased
"00 bonds.
Sen.
State
follows:
of
Atlanta, jointly,
an
issue of $180,-
consider the
city's proposed bond
of
$115,660,000, the largest
corporate bond issue in Chicago's
history. The total includes $42,000,000 of bonds for the city's por¬
tion of the superhighway program.
issue
Si
qrr
*e enjoyed an
*s«!irp*us *n the
Th
thp
,
300
rum
•
00
house
Curtis,
1947
in
as
1V4S.
1946.
1,
May
1967
in
$16,000
1969,
to
1947
Maquo-
County (P. O.
keta), Iowa
Offered
$23,000
in
1970
until
18
April
by
to
inclusive,
1976,
tional
to be op¬
redemption prior to
for
maturity
inverse
30 days' notice in the
order of maturity
(less
than all of
selected
a
by
dates
on interest pay¬
and after the fol¬
lot)
maturing
1976, on and after May
1949, $24,000 maturing 1975 on
and
after
May 1,
1952, $24,000
1,
1946.
1,
Due
;
.
and bonds numbered 16 to 51%?
Said bonds may be re-re
2V4%.
deemed
prior to maturity in in-in
numerical order on any in-* ;,
verse
accrued
1958 to 1960; $7,000, 1961
1963, and $8,000 in 1964 and
1965.
All bonds maturing on and
after May 1, 1951, will be option¬
al for redemption prior to matur¬
ity, on any interest payment date.
Prin.
and
int.
payable at
the
County Treasurer's office.
Sch. Dist.,
Lenox
issue
of
superintendents' home
purchase
bonds
amounting to $6,000 was
defeated
the
at
held
election
date at par and ?
interest, plus a premium n
of 3% if called on or before April
«
on
payment
1, 1951; at par and accrued interest;- *
plus a premium of 1%% if called ?
on
Oct. 1, 1951, through April 1, I,
1956; thereafter said bonds may bs%;
redeemed at par and accrued in-*;;
terest. The County will furnish %
printed bonds and a legal opinions
of Peter, Heyburn & Marshall, of >
Louisville, and pay all expenses-connection
in
Iowa
Defeated—An
Bonds
Sold—It
Bonds
$225,000
*
check
for
County
must
Treasurer
*
the%
payable to
$1,000,
accom-::
each bid.
pany
La Fourche Parish Cons. Sch. Dist-.
is reported
water
that
& Curtis, and
&
Co.,
both
of
Jackson
William
Blair
Chicago, jointly.
These bonds
sold
were
as
Is, at
price of 100.91, a basis of about
Dated
April
1,
1946.
0.844%.
These bonds
are
No.
bonds
revenue
purchased recently by Paine,
Webber,
a
issuance
LOUISIANA
Iowa
Ottumwa,
were
the
with
and sale of said bonds. A certified
April 3.
single maturity to be
on
at
terest
are
on
April
1 to 15 bear interest at
numbered
public hospital bonds.
Dated
May 1, 1946.
Due on Nov. 1 as
follows: $5,000 in
1949 to 1957;
ty
to
maturing in the years 1970
Bonds
Dated
2%
bids
Sealed
—
Burriss, County Treasurer,
purchase of $100,000 coun¬
De¬
to
purchase of court house
$3,000 April 1, 1947 to 1963. Bonds
C.
J.
Ed-
Damon
—
bonds amounting to $51,^?
revenue
000.
April 3.
on
24 for the
for the
1973, and $24,000 in 1974 to 1976.
due $25,000
April
Legality approved
by Chapman & Cutler, of Chicago.
1, 1948 to 1956.
Red
1974, on and after May
'
(P. O. Thibodaux), La.
1
Bonds Offered for Investment—;
An issue of
$1,550,000 2V2, lVs and "
is being offered for »
bonds
1%
public subscription by Scharff &
Jones, Inc., of New Orleans. De~
Dated May 1, 1946.u»
May 1, 1948 to 1966j incl. Prin. and int. (M-N) payable '
at
the National Bank of
Com$1,000.
nom.
from
Due
.
in
bonds
are
These
Orleans.
New
merce
Oak, Iowa
issued
being
the4
for
Election
Bond
—
An
of providing the neces¬
funds for acquiring lands 'building schools throughout
Parish.
Legality to be ap¬
purpose
issue
of
sary
1, 1955, $23,000 maturing
after
May 1, 1958,
and
addition
to
accrued to
that
date
in
each
for
to
value of said bonds, including
accrued interest to date of deliv¬
par
The ap¬
proving opinion of Chapman &
Cutler, of Chicago, will be fur¬
will
for
Land), 111.
Election
Held—An
issue
gymnasium construction bonds
amounting to $75,000 was submit¬
held
to
on
the
voters
April 20.
at
the
election
a
certified check
County
(P. O. Franklin),
Indiana
16
for
Auditor,
bonds
will
p.m.
receive*
on
issue
An
—
interest
building bonds amounting to $80,was
favorably voted at the
held
election
April
on
Associates,
of
at
a
1.485%:
of
$264,000 series A, water works ex¬
tension bonds.
Due April 1,
>'
1948 to 1966.
from
10.
261,000 series B, sewage and sew¬
KANSAS
Kansas
Bond
Sale
—
An
disposal
erage
Due
City, Kan.
issue
of
April
1,
works bonds^
from 1948 to
1966.
1%
general improvement bonds
amounting to $178,363 and offered
for sale recently, was awarded to
125,000 series C, city hall bonds.
Stuart & Co., at a price
basis of about 0.76%.
50,000 series D, fire department,
station and equipment bonds.
Due on April 1, from 1948 to
Halsey,
Due
April 1, 1946. These bonds
on
April 1, as follows:
Dated
in 1947, $17,000 in 1948,
and $18,000 in 1949 to 1956.
The
next highest bidder was the First
National Bank, Chicago, at a price
$17,363
of
as
bidders
Other
101.26932.
The
next
ates,
at
1.486%.
Bros.
&
101.21
-
net
a
interest
of
cost
101.08
University of Kentucky (Pi-iO.
L&kington), Ky.
! Offering
—
a.m.
on
Sale—An
Bond
Frank
D.
May
1
for
the purchase of dormitory rev¬
2%
interest.
Dated
enue of 1946 bonds amounting to
April 15, 1946. Denomination $1,000.
Due $10,000 July 1, 1955, and $430,000. Dated June 1, 1946. Due
June 1, 1949 to 1976. Bonds ma¬
January and July 1, 195-3 to 1964.
and $5,000 Jan. 1, 1965.
Rate of turing June 1, 1952, and there¬
interest to be in multiples of lA after, are optional for redemption
issue
of
2%
1946, school
bonds
amounting to $220,000 and offered
for sale on April 16—v.
163, p.»
of
1776—was
KENTUCKY
10
County (P. O. Prince
Frederick), Md.
series
Bank, Chicago
until
was
Calvert
101.13
Co
Harris Trust & Savs.
bids
bidder
highest
were
101.18
City
Bond
to
MARYLAND
Lucas, Farrell & Satterlee
Riverview State Bank,
Stern
1948
from
Barrow, Leary & Co., and Associ¬
follows:
Kansas
1,
1966.
due
are
April
1966.
of 101.2695, a
April' Peterson, Secretary of the Board
of Trustees, .will receive sealed
purchase of hospital
amounting to $195,000, not
the
Orleans,
net
and
000
Offering—Livy A. Young,
bids until 2
Hattier & Sanford of New
School
cost
Voted
Bonds
1
Bond
Moines
District, Iowa
$20,000, payable to the City.
Johnson
exceeding
of
ted
be considered.
Enclose
nished.
sealed
Bond
or
redemption
said bonds at the same
lowest rate of interest then the
bonds will be awarded to the bid¬
der offering the highest premium
therefor. No bid for less than the
County
195,6;
Toitmship High School
District No. 112 (P. O.
De
year
such
purchase
1,
due $5,000
West Des
redemption at the coupon rate
an
amount equal to Vs of 1%
of
Dated May
De Land
amount
.
of
bonds
These bohds are
unencum-
of
3*1.32, as of March 31 last,
had sufficient funds in
J1?8 fund to retire the $5,highway refunding bonds
issue
gftiounting to
$50,000 authorized at the election
held on April 9, has1'been pur¬
chased by Paipp, Webber, Jackson
court
1946.
total
Purchased—An
Bonds
&
assets of
$50,075,461.43, as
pared with total accounts
pay-
,
election
received
$1,000. Due May 1, as
1949,
$17,000 in 1950 to 1952, $18,000 in
1953 to
1956, $19,000 in 1957 to
1960, $20,000 in 1961 to 1963, $21,000 in
1964 to
1966, $22,000 in
from
night business session in
than 25 years in order to
more
thT Q?d reser.ves of $48,108,823.11,
Kpr
amounting
Daley,
J.
Richard
Crawford County, III.
Company
Georgia (State of)
Financial Condition—With
ash
will
fraction thereof
date to
date of
maturity. Principal and
chief deputy
comptroller, in¬ interest payable at the First Na¬
formed the board last week that
tional Bank, of Chicago. Each bid
the bonds will actually be ser¬
must be for all of said bonds and
viced and retired from the coun¬
shall state a single rate of interest
ty's share of the State gas tax, and which all of said bonds are to
the property tax will be unneces¬
bear.
Bonds will be awarded to
the highest qualified bidder com¬
sary.
The
resolution in its present plying with the terms of sale and
form was tentatively adopted by offering to purchase said bonds at
the county board at its meeting the lowest rate of interest not ex¬
last Thursday.
ceeding the rate above specified
stated in multiples of V\ of 1%.
The Chicago city council held
If two or more bidders offer to
its first
erty tax levy.
Sold—Brooke, Tindall &
and
held
the
at
voters
Offering
wards, County Clerk, will receive
sealed bids until 9 a.m. on April
—
The
Illinois State department
Carrollton, Ga.
°"
Dated
nomination
ery,
Bonds
Huf-
lowing dates respectively: $24,000
Cook County
the
to
ted
$600,000, not exceeding 2% in¬
terest.
ment
called.
Trust
New
of
&
general obligations. The bonds are
payable from an unlimited, tax to
be
appertaining thereto due on
Aug. 1, 1946, at the City
Treasurer's office, Ex-Officio as
pons
Trust
gymnasium construction bonds
amounting to $40,000 was submit¬
to
purchase of
bonds
revenue
issue
$6,000,
Clerk-Treasurer,
29 for the
April
Bond
Held—An
1973, on
municipal airport bonds amount¬ and
$23,000
ing to $60,000 will be submitted the
maturing 1972, on and after May to
the voters at the election to be
proved by Chapman & Cutler of
1, 1961, $23,000 maturing 1971 on held on
Chicago.
April 29.
and
after May
1, 1961, $23,000
West Monroe, La.
Selma School District, Iowa
maturing 1971, on and after May
Bonds Defeated
An issue of
Bond Sale—The following bonds
1, 1964, and $23,000 maturing 1970,
on
and after May 1, 1967. Bonds gymnasium
bonds amounting to amounting to $700,000 and ot'feied
so
called
will be redeemed at $10,000 was defeated at the elec¬ for sale on April 11—v. 163, p.
tion held on March 11.
their par value plus interest in
1918—were
awarded
to
White/
to principal alone;
as
cou¬
and after
School
Election
County's share of the Chicago area
superhighway project was adopt¬
ed by the county board of com¬
City
registerable
interest
all
at
March 30.
M.
(P. O.
Dixon), Ky.
$1,000,000 bonds,
Nov.
the
and
bonds
said
to
voted
receive sealed bids until 7:30 p.m.
water
Secretary, is required.
maturing
Hanover
in
accrued interest, re¬
1001 to 1909.
Dated Aug. 1, 1944.
Due Aug. 1,
1954, optional Aug. 1, 1946. Upon
presentation
and
surrender
of
and
par
funding bonds Nos.
City
be
par
000,000 bond issue to finance Cook
cipal and interest payable at the
Co,
tion, calls for payment on Aug. 1,
at
con¬
Frankfort, Ind.
on
to
of
Webster County
Henderson Consolidated Sch. Dist.,
Bonds
INDIANA
ford,
above
were
Offering—Phil
be
in¬
plus accrued interest. A certified
check for $8,000, payable to tno
IOWA
Sch.
amounting
on
will
proved—A
interest, either in whole or in part,
on any interest
payment date not
Central
McCahey,
Board of
bid
102%
minimum
considered
au¬
of
(redeemable at par and accrued
than
B.
the
for, payable to
The
est.
an
now
balance
thorized issue of
earlier
J.
—
III.
Education,
of
Call
cer¬
a
of the bonds
offered
bonds
the
Board
Bond
bonds
of
,
ed at the election held recently.
Chicago
bid
Jackson
favorably
the election held
President of the Board of Educa¬
Sarasota, Fla.
on
bonds
was
working cash fund bonds amount¬
100.078
of
issue
Bonds Voted—An issue of
$123,000
Enclose
check' for 2%
prior to maturity on any interest .
payment date on or after June 1, s
1951, and any such redemption on
or prior to June 1, 1956, shall be *
upon terms of 103 and interest,
and thereafter at par and inter- r
Iowa
Dist., III.
struction
of
The
of
An
Spaulding
Waukegan
of
ac¬
out
approving opinion of Ross, McCord, Ice & Miller of Indianapolis
Bond
April 23.
on
Payable
-f
*
con¬
amounting to $70,000 will be sub¬
Bond-
Rai^on-Davidson Co.,
for District No. 6 bonds
—
bidder.
each
unlimited ad valorem taxes.
April 13.
improvement
to be held
issue
An
interest.
crued
mitted to the voters at the election
Belleville, III.
—
of
issue
on
Election
by
Commissioners.
at
voted
bonds
Voted
189,
to
amounting
$160,000 was favorably voted
the election held on April 9.
Bonds
No.
amounting to $1,favorably voted at
was
more than one rate
named
for less than par and
No bid
tified
Robinson, III.
con¬
amounting
Voted—An
Bonds
Voted—An
be
will be furnished.
25, 1946.
Sch. Dist.
Louis
ing to $100,000 was favorably vot¬
Co.,
bonds
Co.,
District No. 2 bonds
Bond
St.
These bonds
Illinois
Herbert J. -Sims &
for
dated March
are
Bond
issue
favorably
was
legality by Charles & Trau-
ernicht of St. Louis.
the election held
the election held recently.
The next
1946.
1,
highest bidders
price
a
basis of about
April 1, from
a
Due
1947 to 1966.
bonds
to
as
Aurora, III.
bonds, at
2.48%.
,
struction
Tax School Dis¬
Special
45,000
of about
1, from
basis
a
Due April
1966.
2.47%.
price
a
Voted—An
Bond
3%
The
—
ing to $50,000 have been approved
Dist.
No. 25, 111.
1622:
Approved
road improvement bonds amount¬
300,000
the
ing
Legality
1%, and not
shall
struction bonds
York were
lor
Township (P. O.
Eldorado), III.
1948.
Money is also
Sale—The Special Tax
available for payment of the $115,District
No.
1
bonds
000 of such bonds which became
amounting to $80,000 and offered
due on March 15 and have not
jor sale on
April 16—v. 163, p.
been
presented for redemption.
j 487—were
awarded to Herbert
Cash is on hand to retire the out¬
j Sims & Co., of New York, as
standing
general
State
bonds
2'fcs, at a price of 100.21, a basis
maturing July 1 next, also $68,500
of "about 2.477%. These bonds are
of such obligations which matured
tlue on April 1, from 1947 to 1966.
Bond
School
of
East Eldorado
in
2205
awarded
Kidder,
to
-
,
Peabody & Co., of New York, at
»
price of 106.579, a basis of about n
0.96%.
Dated Jan. 1, 1946.
De-.
a
nomination
are
due
1858.
$1,000.
$20,000
These bonds
Jan.
1,
1948
to
Other bidders were as fol¬
lows:
Bidder
Price Bid
Salomon Bros. & Hutzler
106.50
Glore, Forgan & Co., and
Mackubin, Legg & Co.,
jointly
106.43
^
»
THE COMMERCIAL & FINANCIAL CHRONICLE
2206
')
Monday, April
I
22, ig46
S 'j
Maryland (State of)
Call Bonds—
No
Tenders—To
William
of
A.
Codd, Chief Auditor
Roads Commission, re~
State
& Weeks, jointly, for Is,
price of 100.866. Other bid¬
blower
National Bank,
at
of 0.42%.
a
for
ders
1%
notes
were
fol¬
as
Boston, at
Bond
imilya,
Springfield, Mass.
lows:
Sold—An
Note
of
issue
tem¬
$1,133,000,
Flint, Mich.
Offering—Ned
rate
a
City
sealed
bids
will
Clerk,
until
Ver-
J.
receive
7:30
p.m.
on
*
if
>v
,v,-
i:!
:
in that amount will be called for
First National
no
as
redemption
on
<}$
bids
its
at
p.m. on
it
i-v-
IV
s|
Hamilton
4017
and
sewer
to
1956, $40,000 in 1957 to
1966, $60,000 in 1967 to 1976, and
$80,000 in 1977 to 1986. The bonds
awarded
be
at
100.78
Bank,
the
highest
Halsey, Stuart & Co.__
Second National Bank,
100.34
100.30
Boston
noon
42,000
Due
Due April 1, 1947.
authority of and in
lowest interest rate bid upon in a
ed.
multiple of one-tenth
cated
bid may name
and
rl
!#.
If
no
one
rate for the bonds.
Principal
and interest (M. & N. 1) payable
at the Equitable Trust Co., Balti¬
If:
the Chemical Bank &
Trust Co., New York City. Gen¬
eral
obligations; unlimited tax.
Registerable as to principal alone;
j€'
W
ipalities in the State; uncondition¬
ally guaranteed as to both prin¬
cipal and interest by Montgomery
and
fl
i
1
Prince
George's Counties by
endorsement
of bond
each
on
substantially the
W
same
as
bonds of the last preceding series.
The bonds will be delivered about
May
23,
1946,
at
chaser's choice.
M
bond; form
place
of
pur¬
In the event that
to
as
bonds
the
of
same
will be delivered at said bank
or
about
April 25, 1946, for Boston
Barrows, City Treasurer, will
ceive
sealed
(EST)
on
Bidders to
est in
multiples of V4 of 1%. Prin¬
Shawmut
The bonds
to
as
the
to
for, payable
genuineness by the Na¬
Bank
of
Boston.
approving opinion of Storey,
Thorndike, Palmer & Dodge, of
Boston, will be furnished.
Bond
Sale—An
issue
water
amounting to
offered
for
$25,000
recently
sale
to
the
and
was
Merchants
Na¬
tional Bank, of
a
Boston, as l%s, at
price of 100.46, a basis of about
These bonds
due $1,-
are
April 15, 1947 to 1961.
The
highest bidder was the Lee
Higginson Corp., for 1 Vis, at a
price of 100.42.
next
Barnstable, Mass.
Bond
Offering
Clarence
—
Chase, Town Treasurer, will
ceive
sealed
April
23
bids
for
until
the
M.
noon
on
of
bridge coupon bonds amounting to
$150,000. Da^ed May 1, 1946. De¬
nomination
May
1,
$1,000.
1947
to
Due
1956.
Other
re¬
purchase
&
Robert
iy2%
&
Co
Note
Sale
—
National Bank of
Boston, or at the
Hyannis Trust Co., Hyannis. No
bid for less than
par and accrued
fered for sale
interest
accepted. These
bonds will be prepared under the
supervision of and certified as to
Dedham, at
their
000.
The
to
a
notes
$250,000 and of¬
April 16—v. 163,
awarded
County
to
Trust
Co.,
be
furnished
the
Delivery will be made
purchaser.
at the Mer¬
chants National Bank of Boston,
Boston funds. No telephone
bids will be
accepted.
for
I
These
9, 1947.
notes
Note
Sale
—
The
water
main
The next highest bidder
Bidder
Boston
United
Bank,
0.42%
States
Trust
m
2060—were
awarded
to
Laidlaw & Co., and W. E. Hutton
& Co., both of New
York,
jointly,
as
Is,
at
price
of 101.139, a
basis of about 0.84%. Dated
May
1,
1946.
Denomination
$1,000.
These notes are due on
May 1,
from
1947
highest
a
to
bidder
1961.
was
The
next
Paine, Web¬
ber, Jackson & Curtis, and Horn-
and
denominations of $1,000 each.
No
telephone bids will be accepted.
Principal
and
interest
(M-N)
payable
Bank
the
at
of
Second
National
Legal
approval
Boston.
by Storey, Thorndike, Palmer &
Dodge of Boston, to be furnished
the purchaser.
on
Nov.
15,
bidder
Co.,
0.43%
0.475%
1946.
was
The
the
All
of
subject
days'
numerical
order,
notice.
published
ponds
from
Airplane
the
The bonds
not
are
Bond
tions of the
City and do not
indebtedness
within
Offering
sealed
Thomas
—
(EST)
chase
bids
April
on
any
M.
re¬
to
Denomination
considered
Michigan
Bids
the
payable at the
National
shall
Bank,
of
interest
be
to
in
Principal
and interest payable at the State
Bank
of Carson
will
be
City.
awarded
The bonds
the
to
bidder
next
Second
Offering
interest
on
will not be considered
ible and interest
premium
deduct¬
as
bonds will be
on
computed from April 22, 1946, to
No
proposals for less than all of the
the respective maturity dates.
bonds
will
be
considered.
The
Village is authorized and required
by law to levy upon all the tax¬
able
property
valorem
est
to
taxes
therein,
as
may
such
be
ad
neces¬
to pay the bonds and inter¬
thereon, without limitation
rate
amount.
or
as
Bids shall be
the unqualified
upon
opinion of Miller, Canfield, Pad¬
dock & Stone, of Detroit, approv¬
ing and legality of the bonds. The
opinion shall be paid
by the Village. The Village shall
pay
the
cost
of
printing
the
bonds.
for
Enclose
2%
of
the
certified
a
value
par
check
of
the
nance
New
1946.
be
to
the
at
for 2%
option
of
the
Minn.
of
at
Michigan
a
interest
price
cost
Corp., of De¬
of 100.015, a
of
1.0115%, for
$25,000 as iy4s, and $95,000 as Is,
—v.
163, p. 1919—also received
the following bids:
Price Bid
voters
Inc.,
$50,000, l^s,,and
$70,000, Is
Braun, Bosworth & Co.,
shall
Stevens County
100.025
Y_
I
Co.,
considered
be
not
deductible in
_/_
as
determining the net
Bonds Voted—It is stated by El¬
for less than
be
all of the notes will
considered.
sents
eral
roll
26%
tax
for
The
loan
repre¬
of the amount of gen¬
levied
1946 taxes
the
on
operating
1946
tax
The
purposes.
pledged. Bids shall
the unqual¬
ified opinion of the purchaser's
attorney approving the legality of
the notes. The cost of such opin¬
ion and the cost of printing the
notes shall be paid by the pur¬
are
chaser.
Enclose
for
of
2%
the
certified
a
value
par
check
the
of
notes, payable to the City.
$25,000, iy2s, and
$95,000, iy4s
Ada, Minn.
Bond
Election
—
An
bonds
of
amounting
to
$15,000
will
be submitted to the voters at the
election to be held
Mora
on
April 23.
Independent Sch. Dist. No. 1,
Minn.
Bonds Voted—An issue of
struction
$120,000
con¬
bonds
was
amounting
favorably voted
on
O.
bonds.
is
on
March
approved the issu¬
$300,000
It
county
hospital
expected that these
bonds will be offered for sale very
shortly.
Winona,
of $1,600,000 bonds
auditorium, highway,
municipal airport, municipal sta¬
that
for
dium
been
Sch.
*
No.
30
Indep.
(P. O.
S.
receive
sealed bids until 1 p.m.. on April
30 for the purchase of building
bonds amounting to $275,000, not
exceeding 2% interest. Dated May
1, 1946. Denomination $1,000. Due
Offering
—
Charles
James, District Clerk, will
follows: $10,000 in 1949
and $25,000 in 1964i to
Bonds maturing May 1. 196"'
as
1963,
thereafter
and
to
be
subject, to
prepayment at par on May
1, 196
,
subsequent uteres
payment date. Rate of interest
be in multiples of. one-tenth o
V4 of 1%. Principal and interest
and
on
any
payable at bank or trust company
designated by the purchaser. A
unconditional excev,
legality which may be ma
conditional unon the legal °pinl
to
Scow
wnow
b>
Enclose
a
certi
$5,500, payable to
Colman, Barker,
Barber, of Minneapolis,
opinion must be accepted
purchaser.
check
for
District Treasurer.
MISSISSIPPI
Ackerman, Miss.
Legality
amounting
has
Canby), Minn.
Bond
&
a.m.
May 1 for the purchase of the
bonds
Dist.
of Dorsey,
con¬
10
field,
recreation
Yellow Medicine County
Paul, Minn.
until
and
proposed.
bids must be
Offering—Joseph J. Mit¬
chell, City Comptroller, will re¬
bids
civic
as
amounting to $85,000 was favorably1' voted at the
election held on April 9.
These
bonds are expected! to be placed
on the market
immediately.
sealed
issue
an
a
at
Minn.
,Issue of
Minn.
Proposed—It is said
Bond Issue
to
April 9.
Glenwood),
Bonds Voted—An
on
lit
of
ance
1968.
issue
playground and recreation center
100.027 following
;
voters
May 1,
MINNESOTA
ceive
For
Anderson, County Auditor,
the
conditioned upon
be
St.
Co.,
F.
mer
cost, and interest shall be
computed from April 15, 1946, to
the maturity date.
No proposal
Bond
100.014
(P. O. Morris),
interest
\
arid
on
Minn.
29
struction bonds
and
held
April 15.
City
deducting the premium of¬
fered, if any. Interest on premi¬
(P.
100.03
election
that at the election held
Pope County Sch. Dist. No. 8
For
issue
amounting
submitted to the
was
the
at
Held—An
bonds
cost to the
the election held
Stranahan, Harris & Co.
Election
Bond
to
First
(P. O. Shakopee),
pro¬
whose
after
Ecorse
troit,
1
bid
bidder
duces the lowest
urer.
Other Bids—The $120,000 school
bonds awarded on April 2 to the
of the bonds bid for.
Scott County Indep. Sch. Dist.
Due
Sept.
1,
1946.
the City Treasurer's
The notes shall be award¬
the
to
um
agency in
The bonds will
Denominations and form of
note
ed
than
Princi¬
by the City, but de¬
livery will be made at purchaser's
expense. Enclose a certified check
re¬
noon
less
be furnished
$294,000
until
for
fiscal
City.
to
bonds, payable to the City Treas¬
Township Sch. Dist. No. 9
(P. O. Allen Park), Mich.
the
at
or
York
April 20 for the purchase of notes
amounting to $50,000, not exceed¬
ing 4% interest. Dated April 15,
bids
Denomina¬
interest payable at the
office of the Commissioner of Fi¬
L.
will
Denery,
furnished!
and
No.
William
bids
construction
office.
cost,
—
No
of
ducting
offered, if
In determining the net in¬
2%
T.
and accrued interest.
on
sealed
purchaser.
Payable at
premium
for
the
City Manager,
whose bid prbduces the lowest in¬
terest cost to the Village after de¬
the
interest.
Ironwocd, Mich.
Note
ceive
multiples of lk of 1%.
of
bonds,
payable to the City Treasurer.
Due
as follows: $4,000 in 1947
1954, and $3,000 in 1955 and
check
value
par
James
Paul, will be
Dated May 1, 1946.
opinion of the
approving
the bonds.
The
certified
a
the
bonds
tion $1,000.
Rate of interest to be
in multiples of one-tenth or y4 of
1%.
Bonds to bear one rate of
pal
opinion shall be paid
by the purchaser. The City shall
pay the cost of printing the bonds.
Enclose
of St.
par
of
legality
p.m.
$1,000.
York, and
upon
attorney
to
of
Flint.
conditioned
be
unqualified
Sept. 1,
Rate
Prin¬
deductible.
as
and interest
cipal
Johnson,
1956.
pro¬
City by considering the
premium offered, if any. In de¬
termining the net interest cost,
interest on premium will not be
welfare
May
1,
as
follows-'
$44,000 in 1947 and 1948, and
$45,000 in 1949. The approv¬
ing opinion of Wood, Hoff¬
man, King & Dawson, of New
the
to
public
Due
duces the lowest net interest cost
pur¬
$38,000 general obliga¬
tion coupon bonds, not exceeding
2i/2%
interest.
Dated
April 15,
1946.
bid
the City.
of
133,000
pledged
of these
the bidder whose
8
of
proved by said attorneys and
also the Corporation
Counsel
the
The bonds will be award¬
bonds.
ed
The
form of bond has not
yet been
determined, but will be ap¬
.
credit of the .City is not
to secure the payment
1976
will be furnished.
cago,
1.
State constitu¬
tional provision or statutory lim¬
itation, and the full faith and
the
until
22 for
of
in
approving
opinion 0f
Chapman & Cutler, 0f Chi¬
con¬
.
an
1975, and $41,000
The '
general obligar
the
Kavanah, Village Clerk, will
ceive
No.
1974, $40,000
in
the
of
Project
stitute
City
1968, $37,000 in 1969 and 1979
$38,000 in 1971 and 1972 $39 '
000 in 19?3 and
30
These
on
revenue
Hangar
1962, $34,COO in
1964, $35,000 in lae?
1966, $36,000 in 1967 J,l
and
self-liquidating rev¬
bonds,
and
are
payable
solely
to
1963 and
are
enue
1947
000 in 1960 to
redemption
from time to time on any interest
payment date after April 15, 1953,
at par plus accrued
interest in
inverse
/o
and 1948, $28
000 in
1951, $29,000 i'n 19c!
and 1953, $30,000 in
1954 and
1955, $31,000 in 1956 and 1957
$32,000 in 1958 and 1959 Sit '
bonds
said
=107
'
1949
to
cost of such
Carson City, Mich.
&
highest
bid of less
no
Inc.,
Southbridge, Mass.
Pi;For $50,000, iy4s,
Note Sale Details—The tax an-,
$70,000, Is
icipation notes amounting to $250,- Blyth & Co., and
000 and sold on April 5 at a dis¬
Miller, Kenower &
count of 0.389%—v.
163, p. 2061—
jointly,
•
were
awarded to the First Na¬
For $25,000, iy2s,
tional
Bank
of
Boston.
Dated
$95,000, Is
April 18, 1946.
These notes are McDonald-Moore
due
multiple
a
Bidder
0.414%
First National
rate of inter¬
one
and accrued interest will
be considered.
Coupon bonds in
net
Merchants National Bank
amounting to. $200,000 and,
Granite Trust Co.__
for sale on
April 16—v.
p.
Other
0.407%
offered
163,
Bank,
Rate
Day Trust Co., Boston
Boston
notes
$10,April
due
are
Boston
Dartmouth, Mass.
'
of
discount of 0.388%.
and
their legality
approved by was the Second National
Storey,
Thorndike,
Palmer
& Boston, at a rate of 0.40%.
Dodge, of Boston, whose opinion bidders were as follows:
will
the
Dated April 16, 1946. Denomina¬
tions $50,000,
$25,000 and
•
1%,
unit, the
a
cost of such
on
2061—were
Norfolk
O.
tuberculosis
maintenance
amounting
100.50
2100.29
County (P.
Dedham), Mass.
hospital
genuineness by the Mer¬
chants National Bank of
Boston,
of
conditioned
1 y2 %
Norfolk
p.
101.33
Bank,
Hawkins
name
as
than par
Rate Price Bid
to
be
follows:
as
Co
National
tiples of *4 of 1%. Principal and
interest payable at the Merchants
will
were
Boston
the rate of interest in mul¬
name
y4
sary
bidders
Bidder
Tyler
Second
$15,000
Bidder
of
terest
of
000
MASSACHUSETTS
bidder to
any.
Ipswich, Mass.
1.21%.
Commission.
Bos¬
The
awarded
amount of bonds bid
of
are
Shawmut
furnished the purchasers.
the
Bank
prepared un¬
der the supervision of and certi¬
bonds
of
the rate of inter¬
name
cipal and interest payable at the
panying his bid will be returned.
Enclose
a.m.
April 1,1946. Denomination $1,000.
Due $1,000 April l\ 1947 to 1974.
The approving opinion of Masslich
& Mitchell, of New York, will be
1%
11
April 18 for the purchase
contract to purchase the bonds and
in such case the deposit accom¬
for
until
be sold
to
are
MICHIGAN
of 140th issue, sewer loan coupon
bonds amounting to $28,000. Dated
tional
check
bids
bonds.
1947 to
est for the two issues in
re¬
fied
certified
sues
A.
Note
loan
follows: $3,-
as
1957.
be
purchaser's
Haverhill, Mass.
Offering — Gertrude
able by the terms of any Federal
income tax
law, the successful
a
on
funds.
type and character shall be tax¬
bidder may, at his election, be re¬
lieved of his obligations under the
of
First National Bank of Boston and
ton.
private
by
advice
Gray, Best, Coolidge &
Rugg, of Boston. Payable at the
National
received
from
the
under
Ropes,
the
income
authenti¬
be
gehuineness and vali¬
Boston,
prior to the delivery of the bonds
holders
will
notes
dity by the First National Bank
Of
exempt from taxation by the State
and by the counties and munic¬
1 III
more, or at
The
May 1
1959, $2,000 in
1960, and $1,000 in 1961.
Dated May 1, 1946.
The two is¬
purchase of notes amount¬
ing to $20,000, at a discount. Dated
April 24, 1946. Denomination $10,-
$5,000.
main
water
on
000 in
for the
under
$6,000, 1947 to 1960; $5,to 1964, and $3,000
in 1965 and 1966.
receive
on
sewer
lows:
April 24
will
Treasurer,
compliance with General Laws,
Chapter 111, Section 85, as amend¬
% of 1%,
more than
construction loan
bonds. Due on May 1 as fol¬
$110,000
000, 1961
price, not less than par and ac¬
crued
interest, offered for the
or
ing $152,000:
in
airport hangar project No. 1 rev¬
bonds amounting to $25,000.
Dated April 15, 1946. Denomina¬
tion
$500.
Due $2,500 Oct. 15,
to
exceeding
$1,000,000 capitol approach bonds
Due May 1, as follows:
$27 000
enue
shall
bids
noon (EST),
April 24, by John I. Preston,
Town Treasurer, for the purchase
of the following bonds aggregat¬
Spring¬
County (P. O.
field), Mass.
sealed bids until
Issued
Dec.
on
Wakefield, Mass.
Offering — Sealed
Bond
Offering—Leo P. Senecal,
000 and
due
are
18, 1946.
will be received until
Co.,
100.69
County
0.27%.
These notes
at a
on
&
jointly
Hampden
dis¬
Dated April 13,
recently,
April 22 for the purchase of 2 % %
1948
Ripley &
Hawkins
Note
count- of
Bank,
Co., Inc., and
Robert
sold
was
1946.
100.76
100.71
con¬
struction, series JJJ coupon bonds
amounting to $2,000,000.
Dated
May 1, 1946. Denomination $1,000.
Due May 1, as follows: $20,000 in
will
s IV
main
water
1947
{■J;»
sealed
Hyattsville, Md., until 3
April 30 for the purchase
Street,
of
receive
office,
Co., jointly
New Bedford
notes amounting to $200,-
porary
000
Boston
Chairman, has announced that the
will
Co., and
Merchants National
June 1.
Washington Suburban Sanitary
District, Md.
Bond Offering—Perry Boswell,
Commission
»V
Estabrook &
Harriman
IU?
i
Price Bid
R. L. Day &
(I £
>»
Bidder
tenders were re¬
ceived April 11 in connection with
the
offer
to
purchase $350,000
bridge revenue refunding bonds
maturing in 1959 and 1960, bonds
ports that
not
interest:
to
Approved—An issue o
amounting
approved as
by Charles & Trauei
Louis.
These bonds aic
2%% hospital bonds
$7,500
has
legality
of
St.
been
dated March 1,
1946.
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
Volume 163
duction in the general State
prop¬
Supervisors Dtst.
Madison County
No 3 (P. O:
Lower Penn's Neck
2207
National Bronx Bank,
Township
cluding
erty tax.
This new law reduces
Canton), Miss.
New York
(P. O. Salem), N. J.
Ordinances Passed—On March Blyth & Co.,
Bond Offering—A. C. Alsworth, the rate from five to three cents
on
the $100 valuation and will
28,
the
Clerk of the Board of Supervisors,
Township
Committee Lehman Bros.,
mean
a
loss of about $800,000 a passed ordinances
will receive sealed bids until 10
calling for an Schoellkopf, Hutton &
year to the State's general revenue
issue of water system and
a m
on April 26 for the purchase
Pomeroy, and
pump¬
fund.
The saving to individual
ing station grounds improvement Braun, Bosworth &
of road bonds amounting to $100,taxpayers, however, will be negli¬ bonds amounting to $38,000.
000
Dated May 1, 1946. Denom¬
Co., Inc., jointly
ination $500. Due May 1 as fol¬ gible.
For 1 y> % Bonds
Middletown Township (P. O.
Missouri's property tax is the
lows: $5,000 in 1947 and 1948, and
Marine Trust Co., Buffalo,
Atlantic Highlands), N. J.
State's least productive source of
$7,500 in 1949 to 1960. Bidders to
Ordinance Passed—The Town¬ R. D. White & Co., and
revenue
and in recent years has
name the rate of interest-in a mul¬
ship Committee on April 4 passed B. J. Van Ingen & Co.,
been yielding about
$2,000,000 a an
tiple of /s of 1%. All bonds of
jointly
ordinance on first
maturity shail bear the
The approv¬
ing opinion of Charles & Trauernicht. of St. Louis, will be fur¬
has
purchaser.
the
Enclose
Board of Supervisors.
County (P.
Winona), Miss.
Purchased—An
issue
to
approved
bonds
1
y2 % refunding
$16,000-
the
Legality
ap¬
Bonds Defeated—It is stated by
the Clerk of the Board of Educa¬
County
(P.
O.
Offering—Addie
E.
Treasurer,
ceive sealed bids
until
Wal¬
will
1
at
the
Dated June 1, 1946.
;
1947
No
and
par
Boone
County
bids
Bond
$500,-
for
each
interest
than
rate
will
Delivery
be made to the
before
June
10,
Jr y of Mexico,
I
the
1946,
without
the
be
made
at
purchaser.
check
for
the
in
a
the
000
approved
the
j>104,500:
Power
of
a
B.
29
l
C
i94o.
icm-
the
at
election
sale
on
highest bidder
Co., for
Schweser
"er
as
neral
(State
by
G.
bonds
on
April
2%s.
approved
2, have
Due
in
from
after date of issuance.
Sale-^An
issue
hin°Vfrnor Donnelly has
which provides for
a
sale
on
AprilJL2 and
was
awarded
to Harriman
%s, at
of
a
about
1946.
1947
Ripley & Co., Inc., as
price' of 100,037, a basis
0.74%.
Due
to
Dated
$5;000
April
1,
from
April
1,
1957, incl.
40%
a.
re¬
Fe
County Santa Fe Sch.
(P. O. Santa Fe), N. Mex.
struction
bonds
con¬
amounting
to
$400,000 will be submitted to the
voters
on
the
at
election
to
be
held
bids
(EST)
of
ing 3%
NEW
interest.
purchase
in
issued
denominations
I
I
valid
of
the
amounting
voters
the
at
election
to
be
held
April 23.
Board
of
passed
a
Y.
Authorized
Trustees
—
The
March
on
27,
resolution authorizing an
issue of street
improvement bonds
Hempstead Union
No.
17
Free
Sch.
Dist.
(P. O. Franklin Square),
Sale
—
The
ished
ing
elementary
the purchaser without cost.
March
25,
the
Borough
Council
authorized an issue of lire and department of public works bonds
amounting to $44,000.
Common
offered
for sale on April 18—v.
163, p. 2064—were awarded to a
syndicate
composed
of
C.
F.
Sherwood
&
Co.,
of
Nashville,
Newburger,
&
Co., and Tripp & Co., all
of New York, as lV4s, at a price
of
100.0439,
a
basis
of
about
Dated April L, 1946.
nomination
due
on
Other
surrender
Scarsdale,
will
of
De¬
These bonds
from .1947 to
$1,000.
Oct. 1,
bidders
were
as
;i
1.30%
Price Bid
Bonds
of
at
same
the
of
said
after
date
the
or
face
paid
note,
to
$32,500, plus
$54.17.
wit:
the
interest
in
County (P. O. Glens
Falls), N. Y.
Other Bids—The $134,000 series
A and B, airport of 1946 bonds
awarded on April 10 to Roosevelt
& Cross and Wood, Struthers &
Co., both of New York, jointly, as
price of 100.109, a basis
163, p. 2064—
received the following bids:
%s, at
also
a
Weld
&
No.
Co., jointly__100.289
Adams, McEntee & Co.,
jointly
is
provided
of the
being
bonds
in
Local
complied
will
deliv¬
be
Enclose
$290,
certified
a
payable
the
to
Trust
Falls
Trust
Buffalo-
1C0.00
0.90%
1C0.31
17
Co.,
National
100.03
Bank
Co
Union
Turin
2
100.06
0.807
Sch. Dist.
Free
(P. O. Lyons Falls) N. Y.
Bond
Validation
Approved
Legislation.
Governor
—
Dewey
signed recently the Young Bill as
Chapter 571, Laws of 1946, to
validate the issuance of $69,500
for
bonds
the
construction
of
a
school building.
Bond
Woodstock, N. Y.
Offering — Sealed
received
be
until
3
bids
p.m.
(EST), on April 23, by Kenneth
Wilson, Town Supervisor, for
Election
bonds
272,000 will be
voters
on
at
—
An
issue
of
amounting to $6,submitted
the election
to
the
to
be
held
April 23.
Raleigh Housing Authority, N. C.
Bond Sale
The series A, re¬
funding bonds amounting to $!,832,000 and offered for sale on
April 12r—v. 163, p. 1920—were
—
awarded to
syndicate composed
Co., Hornblower &
Weeks, Tucker, Anthony & Co.,
Spencer Trask & Co., White, Weld
& Co., Coffin & Burr, Lee Higginson
Corp., Bear, Stearns & Co.,
Laurence Ml Marks & Co., Otis &
Co., all of New York, Stroud &
Co., of Philadelphia, Harris, Hall
& Co., of Chicago, W. E. Hutton &
Co., of Cincinnati, First of Michi¬
gan Corp., R.
D. White & Co.,
Gregory & Son, Gruntal & Co.,
Merrill Lynch, Pierce, Fenner &
Beane, Newburger, Loeb & Co.,
all of New York, H. M. Byllesby
& Co., of Chicago, Starkweather
& Co., of New York, J. M. Dain
& Co., of Minneapolis, J. R. Williston & Co., Minsch, Monell &
Co., both of New York, J. H. Hilsman &
Co., of Atlanta, Jack M.
Bass
&
Co., of Nashville, and
Leftwich & Ross, of Memphis, at
a
price of par, a net interest cost
of 1.2813%, as follows:
For $41,000
maturing June 1, 1946, at
0.25%, $186,000 maturing June i,
$42,000 in 1947, $45,000 in 1948,
$48,000 in 1949, $51,000 in 1950,
as
6s, $54,000- maturing June 1,
1951, as 4V2s, $825,000 maturing
June 1, $55,000 in 1952, $56,000 in
1953 and 1954, $57,000 in 1955 and
1956, $58,000 in 1957, $59,000 in
1958, $60,000 in 1959 to 1961, $61,,000 in 1962 and 1963, $62,000 in
1964,
$63,000
in
1965,
as
Is,
and
$726,000 maturing June 1,
$64,000 in 1966 and 1967, $65,000
in 1968, $66,000 in 1969, $67,000 in
1970, $68,000 in 1971 and 1972,
$69,000 in 1973, $71,000 in 1974
and 1975, and $53,000 in 1976, as
114s.
Dated Dec. 1, 1940. Denom.
of
Shields
$1,000.
a
&
Other
bidders
were
as
follows:
Bidder
Price Bid
Phelps, Fenn & Co.,
Lehman Bros.,
payable M-S.
'De¬ F. S. Moseley & Co.,
nomination $1,000, one for $500. R. W.
Pressprich & Co.,
Dated March 1,'1946» Due March Union Securities
Corp.,
1. as follows: $2,500 in 1947, and
New York,
$3,000 in 1948 to 1951. Rate of in¬ Equitable Securities Corp.,
terest to be in a multiple of V& Harvey Fisk & Sons,
or one-tenth of 1%
and must be Reynolds & Co.,
1946 bonds. Interest rate is not to
For
Halsey, Stuart & Co.,
Equitable Securities Corp.,
0.80 7c
Bank,
Fails
Glens
West
Co
&
National
exceed
1.40% Bonds
C. J. Devine & Co.,
Roosevelt & Cross,
Rate Price Bid
Bidder
Firso
Bond
of $14,500 coupon or
registered highway equipment of
Michigan Corp.,
and
for
various
the purchase
and
&
on
be
L.
New York,
Estabrook
No.
Warren
fol¬
Securities Corp.,
First of
Dist.
the amount of
will
For
Union
Sch.
payment on May 15, a
anticipation
note,
dated
Jan. 15, 1946, to the amount of
$32,500. The holder of said note,
Marine
building
construction
amounting to $780,000 and
1.247%.
approving
for
Glens
Loeb
The
bond
bonds
Bank
The
2
NORTH CAROLINA
binding obligations
(P. O. Scarsdale), N. Y.
Note Call—Notice is being giv¬
en that the above district is call¬
school
Union
re¬
Mecklenburg County (P. O.
Charlotte), N. C.
satisfac¬
opinion of Reed, Hoyt & Wash¬
burn, of New York, will be furn¬
White,
New York
Bond
be
Town.
The notes
of about 0.728%—v.
,
and
On
and
Village.
amount
Y.
bonds
will
at
check
beginning March 1, 1945.
A single rate of interest in a mul¬
Co.,
YORK
N.
bonds
Article
Law
without cost.
April 25, 1946. Due April
25, 1947. Issued in anticipation of
$45,000 will be submitted to the
on
rep.m.
tax
called,
to
w
8:15
bid
Woodstock, New York,
or
such other place as may be
agreecj
the purchaser, about
May 7, 1946. The approving opin¬
ion
of
Vandewater,
Sykes
&
Heckler of New York City, will
be
furnished
to
the
purchaser
April 22 for the pur¬
anticipation notes
on
chase
until
Scarsdale National Bank & Trust
Tilney & Co., jointly
—
ered
„,:n
k
sealed
said
of
Finance
100.356
his
Procedure for the valida¬
of
Title 6
Deputy Village Clerk,
upon
May 7.
Francis I. duPont & Co.,
NEW JERSEY
,
tion
2
Bond Election—An issue of
$55,000
Cliff side Park, N. J.
Bond
Issue
Authorized
signed
MEXICO
Bidder
of
companying
with.
Scarsdale
NEW
1975.
HAMPSHIRE
These
Property Tax Reduced
ordi¬
calling for the issuance of
$19,300 fire truck purchase bonds.
merce
general improvement and
equipment bonds w^s. offered for
15—
of)
Council
an
lows:
Stern Bros. & Co.
Missouri
f
City
nance
are
NEW
are Clue on April 1, from
1966.
The next highest
was
the
consideration
event
the contract to purchase the bonds
and in such case the deposit ac¬
Mamaroneck, N. Y.
Note Offering—Charlotte Wick-
Childs & Co., of New York, Com¬
to
u:.,
under
is
amounting to $21,000.
next
voters
sold
and
Dated April
$1,000.
that
reported
In the
type and character shall be
turned.
Co., Inc., and
Bacon, Stevenson & Co.,
jointly
are
Pending—It
Haverstraw, N.
of
coupon
APrU
on
100.45
Woodbury, N. J.
has
Law.
ful bidder may, at his election, be
relieved of his obligations under
tiple of one one-hundredth of 1%
is required.
The notes will be
Sons, for
Issuance
down payment, as
Section 107 of the
taxable by the terms of any Fed¬
eral income tax law, the success¬
Gibbons &
100.64
2.20s
Resolution
issue
Franklin, N. H.
ansas CityDenom.
for
E.
1 to 20 years
Kennett), Mo.
'in/o
the
price of 100.10.
the
been
l5' 1^'^—were awarded to
City National Bank & Trust
•>
A,l«nunai -DcillK 0£
1IUSL
P
at
same
cal year
Boland, Saffin & Co., for
truck
Platte, Neb.
auditorium
by
Sale—The public hospital
amounting to $350,000 and
iro^ for sa*e
Neb.
Bogus, Village Clerk, that $25,-
000
issuance
Bond
e
Geo. B.
sum
Platte Center, Neb.
Bonds Sold—It is stated
Dunklin County (P. O.
th
__
100.00
Bond
by
prior to the delivery of the
and assessments levied for the fis¬
Pemberton,
to
park improve¬
amounting to $12,000
The
obligation bonds.
v
1947
Sale—The
Robert
was
4,500 Memorial
Building general
Bond
defeated
bonds
0.92%.
the
plant revenue; $30,000 water
oonds
15,
April 16,
were awarded to the KirkpatrickPettis Co., of Omaha, as Is, at a
price of 100.40, a basis of about
certified
bonds,
April
Defeated—An
offered
and
bonds aggregating
$60,000 electric light and
improvement
Co.,
necessary
the collection of real estate taxes
2s
bonds
April 2.
on
Bond
to
March
on
These
amounting to $25,-
North
SinPf foilowing
v
bonds
was
held
Hengel, City Clerk, that
election held
for
Dist.
airport bonds amounting to $15,-
Is, at
the voters
Trust
due
are
Franklin, Neb.
Cabool, Mo.
Bonds Voted—It is
reported by
Le<2
100.14
Peoples National Bank &
On March
—
$1,000.
$2,000
Bonds
County.
at
Co.,
Dated
Co.,
held
be
favorably voted
election held recently.
the
$5,000, payable to
to
was
ment
expense
Enclose
&
Farmingdale,
torium
®' Purchaser. Delivery elsewhere
I will
Ingen
for 1.90s
Santa
on
cost
Trust
St. Louis,
White, Weld & Co., and
Laidlaw & Co., jointly
100.579
Shields & Co.,
Hornblower & Weeks, and
Gruntal & Co., jointly
100.456
Blair & Co., Inc.,
R. W. Pressprich & Co.,
Bond Election—An issue of fire
bonds
purchaser
election
the
to
Dated April 15, 1946. De¬
due
of the State
of
Price Bid
Van
1953.
000
Trauenicht, of
A°"rfee at the office
of
Bonds Voted—An issue of audi¬
I mg of the bonds
and the
registra-
Auditor.
issue
These bonds
nomination
The County will furn¬
legal opinion of the law
&
An
submitted
Exeter,
M.Louis, and,will payfortheprint-
or
$14,000.
late.
firm of Charles
J.
Albion),
City Council passed an
ordinance calling for an issue of
1% refunding bonds amounting to
so
maturity shall bear interest at the
the
O.
the
are
same
ish
—
Ordinance Passed
designated shall be an even mul¬
tiple of one-eighth of one
percentum, and that all bonds of the
same
B.
the
bonds
the
income
received
by
private holders from bonds of the
&
amounting to $50,000, not exceed¬
follows:
for
Local Finance
100.95
ceive
as
The bonds
required
er,
were
to be issued
Mercantile-Commerce
Trust
2%s
10 years.
29,
rates, to be desig¬
their bids;
provided; how¬
that
ever,
Riverside
are
Highway Law.
purchase of
highway equipment, the period of
probable usefulness of which is
5 years.
The Town has provided
the
Dated April 1, 1946. De¬
nomination $500. These bonds are
due on April 1, 1947 to 1974. Other
on
Columbus, Neb.
different
nated in
the
June 11.
in
bearing
or not more
at
be
on
designate in their bids the price
j they will pay for bonds
rate,
will
voters
less
interest,
to
a
Election
terest
1,
| forms furnished by the County
| Treasurer. Bidders are requested
interest at
held
county hospital bonds amounting
to $100,000, not exceeding 5% in¬
Principal and interest payable at
a
bank to be
designated by the
purchaser subject to
approval of
the County Court.
Bids to be on
two
(P.
100.339
1.686%.
Neb.
Denomina¬
accrued
1777—were
p.
the
oh
sale
purpose
issued
are
*
for
or
that
tory to the purchaser.
on
Dut $25,000 March
1966.
to
|r than
for
object
which said bonds
Co., of Riverside, as l3/4s, at a
price of 100.81, a basis of about
NEBRASKA
000.
tion $1,000.
163,
to
1946,
re¬
p.m.
to
8—v.
of
amounting to
offered
E. H. Rollins &
May 7 for the purchase of court
house bonds amounting
election
tion bonds.
Missouri
County
that
April 6 the voters rejected the
proposal to issue $75,000 construc¬
Mexico)-,
bonds
and
awarded
issue
Bidder
County, Simms Sch. Dist.
(P. O, Simms), Mont.
tion
l
of
Cascade
MISSOURI
Bond
the
on
MONTANA
of Memphis.
proved by Charles & Trauernicht,
lace,
pass
bonds
the
is the
bidders
have
to
the issuance
$150,000 construction bonds.
of St. Louis.
Audrain
future
near
voters
of
tyonds amounting
Co.,
April 1, 1946.
Dated
in
issue
election will be held
an
sale
Township (P. O.
Mills), N. J.
Sale—The
works
April
is
apparatus
Browns
Bond
$38,000
It
—
Cancelled—The
Pemberton
water
was
Trust
&
Bank
Election
Sale
fire
celled.
been
1, 1946.
Sikeston), Mo.
Pending
Bond
purchased recently
Union Planters National
the
by
St.
Valley, Miss.
Purchased—An
dated March
are
said that
Water
has
Sikeston Sch. Dist. (P. O.
•
Bonds
to
as
$66,000
^
plish
Kean, Taylor & Co.,
Bank
amounting to $21,000, not exceed¬
ing 6% interest has been can¬
Trauernicht, of St. Louis. These
New Orleans. Dated
March 1, 1946. Legality approved
Louis.
Bond
of the
to legality by Charles
&
of
by Charles & Trauernicht, of
amounting to $22,800.
Orange, N. J.
amounting
of
bonds
issue of road equipment
an
among others, the Town
Law and the Local Finance Law.
The statutory authority to accom-
reading call¬
ing for
levies.
Legality Approved—An issue of
1%% and 2% construction bonds
O.
1%%
road improvement bonds
amounting to $60,000 was pur¬
chased recently, by Kingsbury &
Alvis,
it
Charles), Mo.
Montgomery
Bonds
producer
revenue
virtually displaced by
tax, income tax and
St. Charles County Consolidated
Sch. Dist. No. 2 (P. O. St.
certified check for $2,000, payable
to the
sales
other
a
a
been
the
rate of interest.
nished
As
year.
the same
same
100.456
100.64
the
5%,
same
for
all
of
the
bonds.
Wm. E. Pollock & Co., and
Principal and interest payable at
the
State of
New York
Bank, Kingston.
National
Said bonds
are
issued pursuant to the Constitu100.588 tion and statutes of the State, in-
McDonald & Co., jointly,
For
1
!
'
$40,000, y4s, $236,000,
7
5%s, $632,000, Is, and
$924,000, 1V4S
100.00
(Net interest cost 1.3147%.)
THE COMMERCIAL & FINANCIAL CHRONICLE
2208
114,000 School bonds.
Due May
follows: $23,000 in 1969
1972, and $22,000 in 1973.
Bowling
Blair & Co., Inc.,
B. J. Van Ingen & Co.,
E. H. Rollins & Sons,
Dated May 1, 1946.
Denomina¬
tion $1,000.
Principal and inter¬
struction
A. C. Allyn & Co.,
R. S. Dickson & Co.,
General
Goldman, Sachs & Co.,
Graham, Parsons & Co.,
Estabrook &
1,
to
Co.,
est
Arnold, and
Kingsbury & Alvis, jointly,
For $38,000, Is, $177,000,
6s, $261,000, 2s, $345,000,
IV2S, and $1,011,000,
1.20s
(Net
There will be
Blyth & Co.,
of
First Boston Corp.,
one-fourth
in
rates
or
of
the
earliest
no
other rate for the
and
purchase
000.
bid
Stone &
may
will
bonds
bidder
L. F. Rothschild & Co.,
$1,357,000,
by
—The
purchasers
Investment
offered
above bonds for general
tion
at
prices ranging
yield of 0.30%
the
subscrip¬
from a
for bonds
matur¬
ing in 1947 to a price of 98 for
IV4S, due in 1976. Redeemable at
the option of the Authority on
any
interest date commencing June 1,
1951, at 105 and accrued interest
on
before June 1,
or
1956, and at
declining prices thereafter.
ful
bidder
$2,000
in
1949
to
1958, $3,000 in 1959 to 1963, $4,000
in 1964 to 1988, and
to
1976.
Principal
$5,000 in 1969
and interest
payable in New York City. Registerable
to
as
principal only;
gen¬
eral
obligations; unlimited tax;
delivery at place of purchaser's
choice.
Bidders
requested to
the interest rate
name
multiples
of
Each bid
may
part
are
of
rates, in
or
one-fourth
name
of
posit
bonds
of
each
rate.
Each
rate
cost
to
the
Town,
such
to be
determined by deduct¬
the total amount of the
pre¬
ing
mium
bid
from
the
aggregate
amount of interest
upon all of the
bonds
until
turities.
and
No
accrued
tertained.
their
bid
respective
of
less
than
interest will
be
en¬
In the event that
prior
to
by
terms of any Federal income
tax
law,
the
successful
may, at his election, be
of his obligations under
tract
to
his
bid
purchase the
bidder
relieved
the
bonds
con¬
and
in
for
Enclose
$3,000,
payable
the
to
1947
2%
NORTH DAKOTA
Rutland
man,
Route
will
sealed
bids
10
4
the
for
until
purchase
arc
1953.
at
due
Said bonds
the election
in
authorized
were
held
on
March
less than 2%
Offering—H.
T.
will receive sealed bids
until May
20 for the purchase of
3% airport
bonds
$^5,000.
amounting to
June
1, 1946.
These
are
Bond
Election
$6,500
will
at
held
water
be
on
An
issue
submitted
1920—were awarded to
dicate
composed
of
price
of
ernment
on
Commission,
bids
April
23
until
for
11
100.54,
the
the
(EST)
purchase of
following refunding bonds
amounting to $150,000, to bear
not
exceeding 6% interest:
$36,000 General bonds.
Due May
1, as follows: $7,000 in 1969 to
1972; and $8,000 in 197 3.
a
$1,000.
Dec.
Sutherland
Bond Issue
at
be held
& 'Com
finance
.
sanitary
sewer
completion
system.
ordi¬
amounting
to
to
the
the
primary election
May 7.
on
(P.
Local
i
awarded
nomiation
due
1947
$1,000.
These
bonds
$1,000 May and
to
Nov.
1,
1971.
The next highest
Ryan, Sutherland &
Co., for 2s, at a price of 100.414.
bidder
will
voters
at
be
An
—
The pro¬
posed issue must be approved
by
the County Auditor before
it can
be put on the ballot at the
primary
election to be held on
May 7.
4%
M.
&
M.
& N.
to
be
Sch.
&
Co., of
011
April 17
Dempsey, of Cleveland.
Item
4,000
Heights, Citv
Dist., Series 2, Unlimited,
July 15,
Legal¬
ity approved by Squire, San¬
Due Oct. 1,1946.
ders
&
5.000
Cincinnati,
Dempsey, of
the
all
time
All
ago.
of
highs
1921.
on the 20 Ohio
names, .98%
high grade bonds and 1.25%
10
ality approved
Item
at
indicates
$9,000
Ohio
(P. O. Columbus), Ohio
Portfolio Bonds Offered
Oct.
1,
1946.
Legality ap¬
proved by Squire, Sanders &
The
—
Secretary of the Public Employees
Dempsey, of Cleveland.
Retirement System received sealed
bids until
the
11
a.m.
purchase of
April 18, for
on
any
all of the
or
Item
Cuyahoga Co., Refunding.
Series A, 3%%, A. & O. Dated
Oct. 1, 1936. Due Oct. 1. 1950,
optional Oct. 1, 1946. Legality
approved by Squire, Sanders
& Dempsey, of Cleveland.
Item 1
5V4%
Creek
Allen
bonos.
County,
Lost
and water works
sewer
Dated
Sept.
1,
1938.
Election
An
—
issue
of
to
the
voters at the pri¬
election to be held May 7.
Sale
Details—The
construction
bonds
Ohio
Item
Alliance,
delinquent
relief bonds.
poor
Dated
Sept. 1, 1939. These bonds
due
on
L
.
A.COf^..
&
10„000 4 V2 %
posal
Akron
bonds.
1927.
sewage
:
1V4>,
4.
101.006'
iy2',
101.13
2 Ve
1C0.00
-»
Hamilton City School
District,
due
1,
1940.
Due Oct.
Bond Election—An issue of
struction bonds
con¬
to
be
held
„y
1
swimming
•V
—
pool
Dempsey,
'•
issue
of
'
'
•
'tfi
'
approve01 |
Hoins- 1
1946.
Legality
Stettinius &
ter, of Cincinnati.
Item 23
,
Lima,
Sewage Disposal.
Series, ,6%, A. &
•
Dated Oct. 15, 1932. Due Oct15, 1946.
Legality aPPr0^.a
by Peck, Shaffer & Williams,
Second
Sch.
Dist.,
of
of
Cleve¬
Cincinnati.
Item
24
,
C1 e v e 1 a n d, Deficiency,
*>.51/2%, M. & S. Dated July 1,
1934. Due Sept. 1,1946.
Legal'
.
'
15,
Item 7;;
City
&
Due Dec.
by Taft,
10,000 Lorain, City Sch. Dist., a."
F. & A. Dated July 2, 19iy-
3,000
An
and, playground
,
5,000
land.
Hubbard, Ohio
Election
22
Dated Dec. 15, 1940.
ity approved by Squire, San¬
&
& Dempse.t,
s
Due Oct. 1, 1946. Legal¬
ders
Sanders
Cleveland,
Item
4%%, A. & Q., Dated May 1,
1928.
21
5,000 Ironton, Sch. Dist.,
ing, Series C, 3V4%, J-
Item 8
Bond
Squire,
of
City Sch
Dist.,
4v2%, m,' & n. dated ISept. 1,
1938;
;Jpp Nova, 1946. Legal¬
ity approved by Squires, San¬
ders &
Dempsey, of Cleveif,
amounting to $4,337,421 will be submitted to the
voters at the election
in November, 1946.
Item
Widening,
1946.
Akron,
,
nomination $500. Due Oct.
.
1946.
Legality approved by
Street
land.—:
Heights
5,000 Ironton, Refunding. 6D, A.
& O. Dated Sept. 1, 1934. De¬
Series I, Unlimited,
43/4%, A.
& O. Dated
April 1, 1929. Due
Akrori,
20
Grandview
4%%, M. & S. Dated Jan. L
1927. Due Sept. 1, 1946.
Item 4
1,
Due
Exempted Village Sch. Dist
1, 1946.
Akron,
19
April 1. 1924.
Item
6,000
on
Akron, Refunding, Un¬
limited, Type I, 4%, A. & O.
10,000
Ohio
April 1,
1946.
dis¬
April
are
1,
10,000
7,000
101.356
Dated
Oct.
Dated
These bonds
Oct.
11/4';
H6,yer__'.V_
Commercial & Savings? 1
bl >Bankv< Gallipolib
O.
Item 3
4,000
Rate Price Bid
Due
Cuyahoga Co., Hilliarcl
Road and Bridge, 5%, A. &
Item 5
<
33/4%, A. & O. Dated
1938.
3,000
1, 1946.
Other bidders
1,
1947.
are
Item 6
-
Series B,
Oct.
Nov. 1, 1946.
Dated July 1,
Net income basis of
1.095%.
These bonds are
SeasohVood
1,
by
Item
3%
$260,-
1949 to 1968.
about
approved
18
12,000 Cuyahoga Co., Refunding.
Item 2
Oct.
awarded
due April
are
17
5,000
following issues of Ohio municipal
bonds amounting to
$417,000:
tax,
improvement
bonds
amounting to $10,000 will be sub¬
April 1,
1949, $5,000 Oct.
1, 1950, and $6,000 April and
Oct. 1, 1951. Optional
the
firmness of the market.
10,000
Fredericksburg, Ohio
Bond
1, 1947, $12,000 April
$18,000 Oct. 1, 1948. $8,-
000
Legality
street
16
1, 1946, $10,000 April and $5,and
Is,
Leg¬
Squire,
000 Oct.
today of $125,000 Ashland
for
by
90,000 Cuyahoga Co., Refunding,
Series B, 3%%, A. & O. Dated
Oct. 1, 1936. Due $17,000 Oct.
the 10 lower grade bonds.
100.38
Dated Dec. 19,
Sanders & Dempsey, of Cleve¬
land.
set
unchanged today at yields of
15
Due Dec. 19, 1946.
indices
our
1947.
May 7.
Cleve¬
Columbus, City Sch. Dist.,
5%, J. & D.
re¬
follows:
as
Harris, Denham & Christian.
on
Dated
1920.
A.
bonds
be held
I
14
Cleveland
6%, A. & O.
Prices held steady in the Ohio
municipal market during the past
$5,000
Dist.
13
5,000 Sleveland, City School Dis¬
trict, Unlimited, 2V2%, J. &
D.
Dated April 1, 1939.
Due
June
1, 1947.
Legality ap¬
proved by Squire, Sanders &
held
Comment—J.
White
1.12%
1921'
1,
1, 1946.
Item
the
to
12
Dated Nov.
Due Nov.
of
(State of)
ported
are
3i'
Cleveland, hospital, 5>2Cc
Item
Ohio
at
Dated Dec.
Due
Item
3,000
Sch.
issue
submitted
Market
week
11
N.
land.
to
O. Felicity), Ohio
Vil¬ la 5
the
Item
May 7.
Bond
Due
62,000 Cleveland, delinquent
tax
amounting to
the election
1, 1917.
Dempsey, of Cleveland.
Lexington, Ohio
Election
Nov.
1946.
was
$25,000
on
1,
to
Stranahan, Harris &
Co., Inc., of Toledo, as ls/4s, at a
price of 100.586, a basis of about
1.586%.
Dated Nov. 1, 1945. Deare
Dated
Legality approved by Squire, Sanders
&
1921—were
These
0}
of
N.
Nov.
works
Bond Election—An issue of
$60,000 bonds to be used for school
Fahey, Clark & On., and
First of Michigan
Corp.,
jointly
_lh
100.137;
iy4'{•••• "hoo.44
ii'V*. Li00.43
Approved—Th^
a
An
—
submitted
Felicity Franklin
J-
lage Council has approved a'bond
issue of from $180,000 to
$200,000
to
voters
be
dated May 1, 1946.
were as follows:
1,
Cleveland, Electric Light
—Registered form, 5%. M &
School District bonds due 1947-67
O. Fairport Harbor),
bonds
will
Bidder"
i
water
p.
10
10,000
Ohio
The
April 13—v. 163,
on
Sale
April 8 to Braun, Bosworth &
Co., as 1.1/45, at a price of 101.64,
a
basis of about 1.095%—v.
163,
p.
2064—mature as follows:
$5,000 May and Nov.
1, 1947 and
1948, and $6,000 May and Nov. 1,
Other bidders
_
Passed
(P.
$9,000
follows:
—
—
on
on
Rate Price Bid
Inc.
100.74
Savings
Ohio
000
syn¬
Bay Village, Ohio
will receive
a.m.
a
Dated May
Bidder
ling, Secretary of the Local Gov¬
sealed
Fairport
Bond
Chicago, First Cleveland Corp.,
and Otis & Co., both of
Cleveland,
1966.
Price Bid
Gallipolis School District,
of
a
Sale
Squire"
Cleve.!
$30,000 Nov 1'
1946, and $32,000 May 1,
1947!
mortgage revenue bonds amount¬
ing to $50,000 and offered for sale
week,
follows:
as
calling for the issuance of
street improvement
bonds
mary
Hawley,
Shepard
&
Co.,
of
Cleveland,
Paine, Webber, Jackson & Curtis,
Ryan,
the
to
at
$50.
amounting to $115,000 was passed
recently by the City Council.
bonds
revenue
p.
1.20s,
were
Ordinance
mitted
Barberton, Ohio
Sale—The first mortgage
basis of about 1.141%.
1,
These
nance
the
to
$450,000 and of¬
fered for sale on
April 15—v. 163,
Co.,
Easter-
of
primary election to
May 7.
works
Dec.
nati), Ohio
the
amounting
as
to
lighting bonds amounting to
voters
be
Ohio
—
check
purposes, will be submitted to the
voters at the primary election to
on
OHIO
street
Dated
due $500 on Dec.
1, from
1956.
Other bidders for
bonds
the bonds
Halsey, Stuart & Co., and
Sweney, Oartwright & Co.,
jointly
1.2C*
Stranahan, Havrii; &
E.
Dated
authorized at the election held
April 1.
Arcanum,
apparatus
are
apparatus
Hintgen,
Item
194^
1,
of
land.
1938.
sewage plant bonds
Bond Election—An issue of fire
Wahpeton, N. D.
Bond
certified
a
on
of the bid.
certified
Offering—W.
19.
Above bonds will not be sold for
less than par and accrued interest.
Enclose a certified check for not
as
Treasurer.
to
bids
different
a
Sept.
Dempsey,
multiple of V4
a
Dated Sent'
Due
Legality approved by
Sanders &
pur-,
$5,000, payable to the Board
Bond
Elmwood Place (P. O. Cincin¬
May
1947
were
Wiv*on-Salem. N. C.
fire
1.453%.
of
$1,000
for
Bank
township
bonds amounting to
$7,000. These
bonds
for
bid
Enclose
New
awarded
to
Fox,
Co., of Cincinati, as
price of 100.333, a basis
Cumberland
on
sealed
May 14 for the
1938.
4%
may
1%.
date called.
on
receive
a.m.
approving opinion of Reed,
Hoyt & Washburn of New York
City, will be furnished. Enclose a
pay¬
July 1,
July 1, 1946. In¬
on
J. A. White & Co
1), N. D.
Township Clerk,
of
a
Bond Offering—Noble E.
Nelson,
1951 to
$l,9p0,
on
due
Bidder
Township (P. O. For-
from
for
and
Savings Bank
Denomination
bonds
State
&
a
about
1945.
Treasurer.
The
check
of
certified check
a
1,
1946.
Denomination
These bonds are due on
able to the State
E,
amounting to $5,000 and of¬
sale on April 1—v.
163,
1V2S, at
nished.
Bidders
Cleve"
of
Cleveland, Refunding
1624—were
p.
will
approving opin¬
Reed; Hoyt & Washburn,
New York City, will be,fur¬
such case the
deposit accom¬
panying his bid will be returned.
Bond
the de¬
case,
accompanying
Bond
the delivery of the
bonds the
income received
by private hold¬
ers from bonds of
the same type
and character shall be
taxable
the
such
of
ma¬
par
Terminal
Sale—The
Reusch
offering to
purchase the bonds at the lowest
interest
series
Cumberland, Ohio
Bond
receive
on
of
Bond
ion
rate for
one
terest ceases
be returned. The
the
must be bid for bonds of consecu¬
tive maturities. The bonds will
be
awarded to the bidder
cost
in
1%.
bonds, and another
rates or rates for the
balance, but
no bid
may namCraore than three
rates, and, each bidder must spe¬
cify in his bid the amount of
are
1965, optional
bonds
bonds
follows:
3V2%
fered for
a.m.
amounting to $95,000, not
exceeding 6% interest. Due April
the
Railway
bonds
bonds
and,
will
noon
rate of interest in
Ma-
Trust
election,
1,
building
bonds
amounting
to
$190,180.
Dated
Dec. 1, 1945. Due $4,180 June and
$4,000 Dec. 1, 1947, $4,000 June
and Dec. 1, 1948 to 1969, and $4,000 June and $2,000 Dec. 1, 1970.
success¬
Commission, will receive
11
as
his
that
be relieved of his obligations un¬
der the contract to purchase the
Raleigh
(EST) on April 23
for the purchase of water
coupon
1,
at
may,
until
chase
Leipsic,
E.
Dempsey,
2Y2%, M & S.
of Education.
at the Provident
These
type and character shall be
taxable by the terms of any Fed¬
law, the
$250, payable to
Co., Cincinnati, Dated
July 2, 1906. Denomination $1,000.
same
tax
cer¬
for
payment on July 1, at the
Irving Trust Co., New York City,
or
sealed bids at his office in
until
interest
and
income
a
Betterment bonds, Nos. 1 to
500,
amounting to $500,000 are called
total
prior to the delivery of the
bonds
the
income
received
by
private holders from bonds of the
eral
Enclose
Called—Arnold
Southern
all of the bonds until their
respective maturities. In the event
of
Sanford, N. C.
Bond Offering — W. E. Easterling, Secretary of the Local Gov¬
ernment
aggregate amount of
mul¬
a
Village.
nounced
that
100.079
for
the
in
joewsky, Secretary of the Board
Sinking Fund Trustees, has an¬
upon
iy4s
Offered
deducting
1, 1948 to
bid for a dif¬
of
the premium bid from
of
Jan.
for
23,000
(P. O.
Homesworth), Ohio
ston, Clerk of the Board of Edu¬
station
&
Item 9
Cincinnati, Ohio
the
to
check
Bonds
cost
termined
(Net interest cost 1.389%.)
Bonds
the
the
to
fire
Bidders may
of interest
tified
City, such cost to be de¬
amount
the
awarded
purchase
'
Inc., jointly,
$260,000, 6s, $53,000,
2s, $162,000, IV2S, and
be
$5,000
be held
May 7.
cation,
1V2%
tiple of V4 of 1%.
two
the lowest interest
at
the
to
than
more
offering
bonds
Chas. E. Weigold & Co., ancl
Geo. B. Gibbons & Co.,
name
Due
1952.
rates for either issue, and each
bidder must specify in his bid the
amount of bonds of each rate. The
Webster Securities
Corp.,
Paine, Webber, Jackson
& Curtis,
Eastman, Dillon & Co.,
of
ity approved by Squire,
San
Knox Local Sch. Dist.
Cleveland),
ferent rate
no
Kidder, Peabody & Co.,
O.
bonds amounting to $25,000. Dated
June 1, 1946.
Denomination $1,-
an¬
balance, but
(P.
the election to
at
Bond Offering—Stuart M. John¬
Bond Offering—John M. Coyne,
Village Clerk, will receive sealed
bids until noon on May 13 for the
part of
(having
maturities)
land.
on
Ohio
for each
may name one rate for
the bonds of either issue
Smith, Barney & Co.,
Harriman Ripley & Co.,
Inc.,
bonds
equipment
ders
voters
May 7.
on
Brooklyn
multiples
each bid
1%;
and
to be held
(not less than par
and accrued interest) is required.
Bidders are requested to name the
interest rate
equipment bonds amounting to
$55,000 will be submitted to the
con¬
mitted to the voters at the election
City.
unlimited
A separate bid
District,
amounting to $298,000 will be sub¬
York
separate issue
1.3772%.)
cost
New
in
chaser's choice.
auction.
100.00
-
interest
payable
School
Ohio
Bond Election—An issue of
obligations;
tax; registerable as to principal
only; delivery at place of pur¬
Kirchofer &
Green
as
Monday, April 22, lg46
1
h
•
Due Feb.
1, 1947.
approved by Squire,
&
Legahty
Sanci
Dempsey, of Cleveland.
A
Number 4483
163
rolume
■
•.
?✓
'■
.
'i
'
.;A '
?>
* '■:
"<
"»i IV#
*
'
-•
.
•0
THE COMMERCIAL & FINANCIAL
CHRONICLE
,
2209
25
Item
Rossford
School
District,
Ohio
Warren Sch. Dist.' (P. O.
Warren),
Ohio
Bond Election—It is said that
Bond Election
An issue of
Rural Sch. Dist.,
o«
a
& o. Dated Dec. 1, gymnasium bonds amounting to
IQ40
Due $4,000 Oct. 1, 1946, $385,000 will be' submitted to the
voters at the election to be held
and $3,000 April 1, 1947. Le¬
bonds
gality
voters at the
Madison,
,aa
'
—
approved by Taft, Stet& Hollister, of Cin¬
tinius
May 7.
on
Township (P. O.
Round Prairie), Ohio
26
Item
.
1
i
Bond
Refunding, 4%%,
M & N.
Dated Sept. 1, 1934.
Due Nov.
1, 1946.
Legality
approved by Squire, Sanders
& Dempsey, of Cleveland.
Oak wood,
nun
27
Item
Portsmouth, Refunding,
31/,%, A. & O. Dated Dec. 1,
1935. Due Oct. 1, 1946.
3
Sandusky, S a n i t a r y and
Storms Sewer, 2%, M. & S.
Dated March 15, 1941.
Due
Sept. 15, 1946.
Legality ap¬
proved by Squire, Sanders &
Dempsey, of Cleveland.
000
29
Item
tne
Summit Co., Main Street
Bridge, 5%, A. & O. Dated
May 1, 1919. Due Oct. 1, 1946.
Legality, approved by Wood &
Oakley, of Chicago.
held
the
at
election
Bond
Sale—The
First
Series
(P.
$200,000
semi-annual
pon
13
O.
cou¬
offered
Due
1, 1946. Legality ap¬
proved by Peck, Shaffer, Wil¬
liams & Gorman, of Cincin¬
Dec.
for
best bid
an
First
Cleveland
offer
100.555
for
Is, tendered
land,
as
of
the
First
National
was
Bank
—
eral election held
followed
by
Hayden,
Miller & Co., offering 100.14 for
101.67.
iy4s,
Is.
1,1946. Legality ap¬
proved by Peck, Shaffer, Wil¬
liams & Gorman, of Cincin¬
of
the
bids
submitted
Bidder
Halsey,
for
of
Toledo, Maumee River
Bridge, 4V2%, M. & N. Dated
May 1, 1929.
Due Nov. 1,
3,000
1946.
Legality approved by
Squire, Sanders & Dempsey,
of Cleveland.
Item
33
10,000 Toledo, Deficiency, 3%, A.
& O.
Dated
April 1, 1939. Due
April 1, 1947.
Item
10,000
Rate
Stuart
Child*
F.
&
Trust
Sewer & Safety
Building,
4V2%,
M.
&
N.
Dated May 1, 1925. Due Nov.
1,113.00
1%
&
1,110.00
1'*
281.81
Company-
&
1XA r'o
3,752.00
Local
Sch.
Dist.
on
Bond
tional Bank of
Hamilton, as DAs,
101.08, a basis of
about 1.14%. Dated Feb. 1, 1946.
Due on June and Dec. 1, from
Dec. 1, 1947 to June 1, 1967. Sec¬
ond best bid was an offer by J. A.
price
White
&
of
of
the
&
Company
'/o
1
809.00
of
139.00
IVY'o
IV2V0
Inc._
Company,
system
sold
137.00
412.59
Toledo,
100.10,
1927.
Item
Sch.
Dist.,
Dated June 1,
Due Sept.
1, 1946.
primary
election on May 7 the voters will
be asked to pass on the issuance
of
37
Due Sept.
Election
mitted to
tion to be held
Gainesville Sch. Dist.
pon
(P.
This
Sale—The
$720,000 cou¬
semi-annual building, unlim¬
ited tax bonds
offered for sale on
April
15-—v.
163,
1778—were
swarded to a syndicate
composed
of Braun, Bosworth & Co., Inc.,
Fahey, Clark & Co. of Cleveland,
and the Ohio
Co. of Columbus, as
14s, at a price of 101.903, a basis
of
about 1.05%.
Dated May 1,
1946. Due
$18,000 on April and
wot.
1
in
1947
to
Second
p.
was
a
the First
and the Harris
Savings Bank, both of
ifust &
Chicago,
of
101.879
Workman Local
for
School
VAs.
District,
Ohio
Other Bids—The
$64,000 buildos bonds
awarded on April 8 to
Webber,
imSn!,ca£0'
1—v*
eved
Jackson & Curtis,
as I1/48* at a Price of
P-
on-
the
2065—also
following bids:
Pah'f?6™
Stranah?naiS• &. Co*——
t
'pnahan, Harris
Ryan'
'
re¬
Sutherland
1% %
100.35
are
May 7.
Co._.
l»/4%
the
7.30
purchase
Bank of
$11,000
bonds
aggre¬
the
Chickasha,
as
transportation
bonds
at
net
a
National
First
follows:
equipment
interest
cost
of about 1.12%. Due
$1,500 in
1949 to 1955, and $500 in 1956.
4,000 building repair and furni¬
ture
bonds
at
a
net
interest
cost of about 1.09%. Due
in 1949 to
$500
1956, inclusive.
Bond Election Held—An issue of
Van Buren
Township Sch. Dist.
(P. O. Dayton), Ohio
Bond
Sale— ThkL junior-high
school bonds
not
amounting to $95,000,*
exceeding 3% interest was
submitted
school building
bonds, amounting
$650,000 and offered'for sale
on April 16—y.(' 163, $!.'J921—were
awarded to a'%ndicate composed
of Fahey, Clark & Co., of Cleve¬
land, First of Michigan Corp., of
Detroit, Fox,b &eusclr: & Co., of
Cincinnati; and Ryan, Sutherland
& Co., of Toledo, as DAs, at a
price of 100.78, a basis of about
1.181%. Dated May 1, 1946.
De¬
nomination $1,000.
These bonds
the
to
election held
on
to
next
from
1947
highest bidder
to
1970.
was
tional
price of 100.353.
*163,
Co.,
at
the
building
and equip¬
Due
$1,000 in
bonds.
..
*
'
1954.
and
•-
Bond
C.
re-
W.
hv
ThrriiextbTiighest bidder
'
*
was
the First National Bank, Fairland.
Bank,
Okla.
J.
bonds.
1953
in 1971, as Is.
385,000
library
building
and
equipment
bonds,
taking
'$51,000 maturing $17,000on
(JMay 3, in 1949 to 195'1, as 4s,
)$17.000 maturing on May 1.
1952,as 2V2s, and $317,000
maturing on May 1; $17,000
jin 1953 to 1970, and $11,000
,
on
Co.
Okla¬
of
net interest cost
a
about
1.15%.
Due $1,500 in
1951, and $2,000 in 1952.
Clerk of the Board of Education,
April 25 for the purchase
building bonds amounting to
$175,000.
Due $10,000 in 1949 to
1934, and $15,000 in 1965.
The
p.m. on
of
bonds will be awarded to the bid¬
der offering the lowest rate of in¬
terest and agreeing to pay par and
accrued
interest.
carried
the
at
April 2.
for 2%
These
election
Enclose
bonds
held
on
certified check
a
of the amount bid.
Seminole County Union Graded
Sch. Dist. No. 8 (P. O.
Neio Lima), Okla.
Bond
Sale—The transportation
equipment, bonds amounting to
$7,500 and offered for sale on
April
2,
v/ere
awarded
to
R.
Edwards,
Inc., of Oklahoma
J.
City as Is, at a price of 100.02, a
basis of about 0.99%. These bonds
are due $5,000 in 1949, and $2,500
in
1950.
The
the
was
next
First
Chickasha, for
highest bidder
National
Is,
at
Bank,
price
a
of
100.01.
Tillman
County Wilson Consol¬
idated Sch. Dist. No. 2 (P. O.
Davidson),
Bond
Sale—An
portation
and
Okla.
of
issue
trans¬
bonds
amounting to $11,000 and offered
for sale on April 12—v. 163, p.
2065—was
State
These
were
equipment
awarded
Bank,
bonds
from 1949 to
of
to
First
the
Davidson,
due
are
as
July
on
Is.
1,
Other bidders
1953.
follows:
as
Bidder
Price Bid
National Bank of Frederick,
For 1.10s
Calvert
&
Canfield,
For lV4s and Is
on
to
sale
will receive sealed bids until 7:30
1952, as 2V2s, and $782,000
maturing on May 1; $42,000
in 1953 to 1970, and $26,000
in 1971, as Is.
1,342,000
water
works
bonds,
taking $177,000 maturing
$59,000 on May 1 in 1949 to
1951, as 4s, $59,000 maturing
on May
1, 1952, as 2y2s, and
$1,106,000 maturing on May
1; $59,000 in 1953 to 1970, and
$44,000 in 1971, as Is.
400,000 fire department building
and equipment bonds, taking
$51,000 maturing $17,000 on
May 1, 1949 to- 1951, as 4s,
$17,000 maturing on May 1,
1952, as 2V2S, and $332,000
in
Bond
City, at
for
Sand Springs School District, Okla.
Bond
Offering — Ed. Dubie,
For
May 1; $17,000
1970, and $26,000
by
Clerk, that
equipment
awarded to the
were
Piersol
1949 to
$126^000
maturing
$42,000
May 1, 1949 to 1951, as 4s,
$42,000 maturing on May 1,
maturing
2%
reported
offered
were
E.
of
is
District
transportation
homa
Pittsburgh, First Na¬
of Tulsa, City Na¬
& Trust Co., of Kan¬
sewer
interest.
Okla.
Sale—It
April 9 and
on
950,000 storm
agreeing
check for
County Indep. Sch.
Cole,
$6,500
sanitary
sewer
and
sewage disposal plant bonds.
For $327,000 maturing $109,000 May 1, 1949
tp 1951, as 4s,
$109,000
maturing
May
1,
1952, as 2.v2s, and $2,064,000
maturing May 1, $109,000 in
1953 to 1970, and $102,000 in
1971, as Is.
——
C. Edgar Honriold,
For 1V4S, and Is
..
Bonds
bonds
Tonkawa, Okla.
Voted — The following
amounting to $221,000
favorably voted
held on April 9:
at
were
the; election
.
•
*
*•
$115,000 water system bonds.;.'
106,000 ; electric light syst em
,
bonds.
in 1971, as ls„
560,000
bridge
bonds,
44
Wagoner, Okla.
taking
$72,000 maturing $24,000
furniture
$1,000. in 1949 to
.
not
lows:
1949 to 1954,.
5,500
be
and
accrued
boro),
$2,500,000
District, t)kla.\ ;•
transportation
bonds.
will
and
Dist. No. 34 (P. O. Earls-
Davis, of Tulsa, at a
price of 100.00707, an average net
interest cost of 1.1403%, as fol¬
National Bank & Trust!
ment
were
on
submitting the low¬
interest
certified
a
bonds
and Evan L.
CO., of Oklahoma City:
$6,000
City,
of
par
Pottawatomie
the
Co., of New York, First National
Bank, of St. Paul, First National
Bank, of Minneapolis, Small-Milburn,
Co.,
of
Wichita,
SodenZahner Co., Inc., of Kansas City,
2065^-were awJfcded to
p.
First
*
au¬
held
of the amount of the bid.
City,
Braun,
Bosworth
&
Inc., Laurence M. Marks &
sas
Sale —.The following
amounting to $11,500 and;
offered for sale
on
April ,10—I
v.
that
rate
pay
were
election
The bonds will be sold
Enclose
$6,137,000 and
to
tional Bank
Bond
the
to
bonds
the
1946, by a vote of 4,018
2,466.
est
of¬
April 16—v. 163,
1921—were awarded to a syn¬
p.
bonds
Halsey,
IV4S, at
voters
April 16.
jFairland School
The
100.09
a
amounting
of
Dewe$ School Dist., Okla.
100.22
&
until
Sale—The
to
to
April 29.
on
Said
at
to the bidder
bonds
fered for sale
due from 1949 to
are
for
6
Due
Bond Sale—The series B bonds
bids
awarded
earmarked for debt
Stuart & Co., Otis & Co., and E.
B. Rollins & 7 Soils,, jointly, for
&
II/2S,
as
gating $15,000 offered for sale 011
April 10—v. 163, p. 1921—were
protection.
due
These
1968.
thorized
Feb. 26,
1.209%:
cation, has announced
high
school
building
amounting to $110,000
p.m.
May
Bond
elec¬
service,
capital
improvements,
and
expansion of certain vital
services such as police and fire
are
Rate Price Bid
the voters at the
city's
collected
on
Cooperton Sch. Dist. .(P. O.
Roosevelt), Okla.
.
bid
Rational Bank,
of
1% income tax levy,
which
is
expected to produce
from
$3,000,000 to $4,000,000 a
year, won approval of the voters
by a moderate majority.
Funds
1966, inclusive.
highest offer*
submitted jointly by
issue
An
Toledo, Ohio
Income Tax Levy Approved—
O.
Painesville), Ohio
—
on
bonds awarded
received
be
a
Moore School District, Okla.
Bonds Unsold—Rex M. Sturdi-
April 2.
bonds
amounting to $25,000 will be sub¬
New York.
$15,000
$60,000. These bonds were favor¬
ably voted at the election held on
construction and equipment
1, 1946.
Le¬
gality approved by Hawkins,
Delafield & Longfellow,
of
Bond
on
$10,000 water works bonds.
Bond
due in 25 years.
at a price
basis of about 1.479%.
a
City, at
to
Due in 1951 to 1966.
water system bonds amounting to
Ohio
Toledo, City Sch. Dist.,
4V2%, M. & S. Dated Jan. 28,
1915.
will
Strongsville Local School District,
20,000
16.
Chouteau, Okla.
Offering — Sealed
B6nd
Bond Election—At the
City
414 %, M. & S.
April
on
1.20%.
County
bridge bonds amounting
$800,000.
Due $40,000 in 1949
to
Co., of
net interest
in 1951 to 1966.
\
Shanesville, Ohio
9,000
at
voters
about
road and
First
48,000 community building bonds.
1953.
1, 1946.
Item 36
held
are
These bonds
&
Company
the
to
Sale Details—The
—were
&
1V* %
Bosworth
system
im¬
amounting to
April 3 to the R. J. Edwards, Inc.,
of Oklahoma City—v. 163, p. 1921
$810.00
1
Harris
cost of
ties Corp., of
issue
Cheyenne, Okla.
Bond
water
Bank,
Company
and
election
These bonds
complete list
.
White
Stranahan,
Poll'
sewer
bonds
submitted
was
Rate Premium
National
Oklahoma
the
Trust
&
dicate composed of the First Na¬
tional Bank, Northern Trust Co.,
both of Chicago, Mellon Securi¬
$24,00, not exceeding 3% interest
Int.
Braun,
sanitary
Bank
bonds
Held—An
Co., of 101.078 for iy4s.
Bidder
A.
Election
provement
of the bids submitted for the issue:
•Second
National
Oklahoma
Chandler, Okla.
awarded to the Second Na¬
a
2065—were awarded to
offered for sale
$115,000 water works bonds.
106,000 electric system bonds.
offered for
April 11—v. 163, p. 2065—
of
as
in¬
net
average
an
Is,
as
$1,849,000
bids until 2 p.m. on April 16 for
the purchase of permanent
county
amounting to $79,000 and offered
sale on April 16—v. 163, p.
for
vant, Clerk of the Board of Edu¬
scribed as follows:
annual building bonds
cost
100.06
(P. O.
Oh1 a.
Offering—B. W. Dierker,
County Clerk, will receive sealed
Medford, Okla.
Bonds Voted—An issue of bonds
(P. O. Seven Mile), Ohio
Bond Sale —The $75,000 semi¬
remaining
giving
Boston
of
Shawn ~e)
Bond Sale—The following bonds
229
amounting to $221,000 was favor¬
ably voted at the election held
recently.
These bonds are de¬
First
4s, $3,484,000
as
Pottawatomie
602
25
the
associates,
Bond
739
58
the
terest
of
Co.,
and
1.20s,
to
and accrued interest. En¬
a
Blackwell, Okla.
4,137.00
'!o
at
$761
OKLAHOMA
4,423.00
agreeing
certified check for 2%
the amount bid.
Premium
83.00
l'/o
1
sale
close
and
&
$804,000
and
offering the lowest
$31,000 water works bonds.
118.00
1 Vi %
Mile
for
sold.
1 '7c
Clark & Company
were
for
National Bank, Wayne
.1156.00
Fahey,
10,000
also
Savings
Hamilton
Toledo, City Sch. Dist.,
Unlimited, 4%%, A. & O.
Dated Oct. 1, 1929. Due Oct.
$1,322.00
Company
Ryan, Sutherland &
Company
J.
bidders,
were as follows:
Stranahan, Harris &
1, 1946.
35
Premium
1%
The following is a
Toledo,
Other
Stranahan, Harris
& Co., Inc.
Braun, Bosworth
& Co., Inc.
Wayne County
Bank,
Miller
& Co.__
Bosworth &
Co.
White
J„ A.
The
to
Ryan, Sutherland & Co.
Fox, Reusch & Co.
the
Y'o
Chicago
Hayden,
34
Item
Co
Co
&
National
First
32
13
J. A. White & Co
Seven
Item
April
Bidder
The following is a complete list
nati.
Nov. 6, 1945,
on
Corp., of Cleve¬
114s, at par and a pre¬
$870, equal to a price of
mium of
Chicago,
C.
awarded
were
of
The bonds will be awarded
pay par
O.
Second
Bank
Due Dec.
(P.
works
1962.
interest
s
1.192%. Runnerthis bid was an offer by the
Bankers Trust Co. of New York.
Blyth
Corp.,
of
was
up to
amounting to $42,000. These
are
due $8,000 in 1949 to
to the bidder
bid
est cost of about
sealed
24 for
bonds
bonds
rate
clusive.
31
16,000 Toledo, Refunding, 3 ¥2%,
J. & D.
Dated Dec. 1, 1940.
Farmers
Champaign County), Ohio
Bond Sale
The building and
equipment bonds amounting to
$52,000 and authorized at the gen¬
Harris
Item
the
Wayne Local Sch. Dist.
on
Braun,
nati.
awarded to
Merchants Bank
Eldridge,
Clerk, will receive
bids until 3 p.m. on
April
the
purchase
of
water
payable
best
York, and associates, of 100.00 for
$1,072,000 as 3s, $4,261,000 as Is,
and
the
remaining $804,000 as
iy4s, giving an average net inter¬
Luther, Okla.
Bond Offering—W. B.
issues
second
by the Harris
Trust & Savings Bank of
Chicago,
the First National Bank of New
improve¬
Town
all
on
The
offer submitted
an
election will be held on
April 26
to have the voters pass on the is¬
suance of $150,000 civic
—
April 12—v. 163, p. 1778—
were
awarded to Halsey, Stuart
& Co., Inc., as Is, at a price of
100.661, a basis of about 0.93%.
Dated May 1, 1946.
Due $10,000
from Nov. 1; 1947 to 1966, in¬
Refunding, 2%%, J.
Dated Dec. 1, 1940.
& D.
on
1952.
Int.
7.000 Toledo,
the
to
Co., of War¬
saw, as 21/2s. Dated April 1, 1946.
Denomination $200. These bonds
are
due $200 on Oct. 1, 1947 to
improvement,
bonds
Sale
were
&
Sandusky City Sch. Dist.
Sandusky), Ohio
submitted
primary election
The
municipal
building bonds amounting to $1,200 and offered for sale on
April
April 23.
on
be
Interest
M-N.
ment bonds.
Bond
be
to
will
S.
Warsaw, Ohio
of
bonds:
30
Item
voters
by
10 000
issue
improvement bonds amount¬
ing to $50,000 will be submitted to
sale
28
Item
An
—
road
'iDOO
"
Election
$2,750,000 construction
May 7.
Round Prairie
cinnati.
issue of
an
Guymon, Okla.
Election—It is stated by
Tyler, City Clerk, that an
Bond
O.
on
Bond
Offering
—
Sealed
bids
May 1 in 1949 to 1951, as 4s, will be received until 8 p.m. on
$24,000 as 2%s, due on May 1. April 22, by Marion Cleland, City
1952. and $464,000 maturing Clerk, for the purchase of $110,000 sewage disposal plant bonds,
O" May 1; $24,000 in 1953 to
1970, and $325,000 in 1971, approved by the voters at the
as Is.
election 011 April 2.
*
2210
THE COMMERCIAL & FINANCIAL CHRONICLE
OREGON
will be submitted to
Baker County Baker Sch.
(P.
O.
Baker),
a
vote at the
general
primary on May 21,
cording to report.
Diet.
Ore.
above rates of interest but
omission of exemptions or other¬
wise, subjects to a Federal income
bid
no
combining two different rates of
ac¬
interest
will
be
bonds will be
callable at par and
Ridley Township Sch. Dist. (P. O.
accrued interest in whole or
in;
Woodlyn), Pa.
part on
any
interest
payment
Bond Offering—Harry F.
$275,000 was favorably voted;
Krieg,
date, on or after May 1, 1948.
the election held on March 29. District
Secretary, will receive
Bonds Voted—An issue of stadi-;
construction bonds amounting;
um
to
at
County, Southwest Lincoln
Water District
received
$51,000 revenue, and $9,000 gen¬
obligation water system con¬
for
the
entire
issue
but
bid
no
combining
Ore.
accepted.
Bonds Voted—An issue of
terest
sew¬
will
be
held
March 29.
on
levied
County Capital High¬
way District (P. O. Port¬
land), Ore.
Additional Information—In
nection with the sale of the
assessed
or
present
any
Multnomah
Commonwealth,
taxes
the
thereon
under
all
District
of
which
assumes
and
agrees to pay. The bonds will be
sold to
the
highest responsible
con¬
$240,-
bidder, provided such bid is not
general obligation bonds to
less than par and accrued inter¬
the United States National Bank
est.
The highest responsible bid¬
of
000
Portland, at 100.06, it is now
reported by R. H. Walker, District
Secretary, that the bonds were
purchased as follows: $56,000 as
2.1/4S, due on July 1 in 1947 to
1956; the remaining $184,000 as 2s,
due from July 1, 1957 to
1975,
incl., giving a net interest cost of
about 2.01%, Interest payable J-J.
Sale
The
series
11-B,
water bonds amounting to
$235,000 and offered for sale on April
12—v. 163, p. 1922—were awarded
—
to the United States
National
Bank, of Portland, at
price
a
of
who, having
one
complied 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 de¬
ducting from the total amount of
interest to be paid on account of
such bonds during the life there¬
of,
Ontario, Ore.
Bond
der shall be the
the
amount
of
premium
of¬
fered, if
any, over and above the
face amount of the issue. Registerable as to principal. These ob¬
ligations will be payable from ad
valorem taxes within the taxing
limitations imposed by law upon
1.42%, school districts of this class. The
as follows: for
$197,000 maturing enactment, at any time prior to
May 1, $7,000 in 1947 to 1951, $13,- the delivery of the bonds, of Fed¬
500 in 1952 to 1963 as lVas, and eral legislation which in
terms,
$38,000 maturing May 1, $13,500 by the repeal or omission of ex¬
in 1964 and 1965, and
$11,000 in emptions or otherwise, subjects
100.137
1966
net interest cost of
a
IV4S.
as
May 1, 1946.
and
were
Denominations
$500.
The other bidders
Bidder
First
Price Bid
,
National
Bank,
Portland, for $35,000
$87,500
Is,
and
$112,500 iy2s
Blyth & Co., for $116,000
2s, and $119,000 l%s~
2s,
100.15
land), Ore.
Election
election
rr
issue
an
At
the
May
$1,750,000
of
bonds is td be placed on the bal¬
lot, of which, $450,000 would be
used for
building repairs, accord¬
ing to report.
PENNSYLVANIA
;v
pass
on
issue of
an
bonds, which
$400,000 to $475,-
from
Bond Election—At the
primary
election scheduled for
May 21 the
voters are said to be
slated to
pass on the issuance of
$100,000
municipal electric plant improve¬
ment bonds.
Election
—
mitted
Hamar
to
the
voters
election
"
,* -h,
on
issue
at
May
of
the
21,
pri¬
it is
.
Township (P. O.-
Harmarville),
Box 356,
Pa,
•' •>
Bond Sale—The
sanitary sewer
bonds
amounting to $35,000 and
offered for sale on Jan.
8, were
awarded
recently to E. H. Rollins
&
obligations
with the bid.
these
under
These bonds
subject
opinion
the
of
to
the
are
is¬
favorable
Townsend,
Elliott
if and after
thorizing
have
the proceedings, au¬
issuance
thereof
the
been
approved by the De¬
partment of Internal Affairs. En¬
close a certified check for
2% of
the bonds, payable to the District
Treasurer.
bonds
Sale
Sons, of Philadelphia, as
iy4s,
a
price of 100.818, a basis of
—
The
refunding
$46,000 and
April 11—v.
amounting to
offered for
sale
on
163, p. 1210—were awarded to
Phol & Co., of
Cincinnati, as 2s,
at a price of 101.14, a basis of
about
1.889%.
Dated April
15,
Denomination $1,000.
bonds
1965.
was
at
due
are
The
on
These
Oct. 15, 1947 to
next
highest bidder
Fauset, Steele & Co., for 2V2s,
a
ders
price of
were
as
100.923.
Other
bid¬
follows:
Bidder
2 l/z7o
100.923
2 V2 %
100.541
National Bank,
Shenandoah
3%
100.543
Sringfield Township (P. O.
Erdenheim), Pa.
Bond
will
be
Offering
received
—
Sealed
until
7
bids
p.m.
and
par
highest
be the
accrued
interest.
bidder
opinion of
Bockius,
of
Bidder
PrirpR;^
Note
notes
the whole amount of the
issue at the lowest interest cost to
the municipality, which shall be
determined by
of
amount
during
the
amount
of
above
to
as
principal
ligations
will
the
was
be
of
bidder
15,
Sale
jects to
on
or otherwise, sub¬
Federal income tax the
interest on bonds of a class or
character
which
includes these
a
$10,000.
Nov.
delivered
to
City
is¬
on
have been approved by the
partment of Internal Affairs.
close
the
De¬
En¬
certified check for 2%
a
of
bonds, payable to the Town¬
ship Treasurer.
Bond Offering—J. J.
Schiedel,
Secretary of the Board of Direc¬
tors, will receive sealed bids until
8 p.m. on
Offering
May
2
National
rate of 0.50%.
Blyth. & Co.,
Page V. Hart,
has
announced
the
and
%, %, %, 1, IVs, iy4, 1%, or
iy2%,
building
coupon
bonds
amounting to $250,000. Dated June
purchase
Bids
will
entire
be
issue
above rates of
received
at
for
of
any
interest, but
the
no
bid
combining two different rates of
will
and.
be
accepted. The
interest thereon
the
will be payable without deduction
for any tax or
taxes, except sucinheritance taxes nOw
hereafter levied or assessed
or
thereon under any present
all
law
of
of
the
which
assumes
and
or
fu¬
Commonwealth,
taxes
agrees
the
to
District
pay.
The
bonds will be sold to the
highest
responsible bidder, provided such
bid
is
not
less
than
interest.
The
pal and ac¬
highest re¬
sponsible bidder shall be the one
who, having complied with the
conditions of sale, offers to take
the whole amount of the issue
at
crued
trict, which &iall bd determined
by
deducting
from
the
total
amount of interest to be
paid
on
account of such bonds during the
life thereof, the amount of prem¬
ium offered,
if any, over and
above
the face
amount
of the
issue. These obligations will be
payable from ad valorem taxes
within the taxing limitations im¬
posed by law. The enactment, at
any time
the
prior to the delivery of
bonds
which in
Corp.,
Paine,
$5,000 in 1947 to 1965, and
$55,000 in 1966. Bidders are re¬
to
designate
the
rate
to
are
gations
rates
or
of
of
Eastriian, Dillon & Co.,
Rothschild '& Co.,
Chas. E. Weigold & Co.,
Geo. B. Gibbons & Co.,
price
interest
the
Inc., and
L. IL
bear^General obli¬
Cit$r:
the
The
Ghormley & Co.,
jointly,
For $491,000, 6s,
$304,000, iy2s, and
bonds
will not be sold for less than
par
and accrued interest.
Said bonds
are
offered subjectde approval
of
Federal
legislation
terms, by the repeal
IU
or
Jackson
L. F.
they will pay for the bonds, and
the
Webber,
& Curtis,
lows:
to
$2,644,000, iy4s
100.00
(Net interest cost 1.389%.)
Knoxviile Housing
Authority, Inc.,
The
as
legality by Charles & Trauernicht, of St. Loui^X
Bonds Offered for Investment—
Bond
to
the syndicate com¬
Shields & Co., Horn-
posed of
blower & Weeks,
Tucker,
&
Co., Spencer Trask
Anthony
&
Co.,
White, Weld & Co., Coffin & Burr,
Lee
Higginson
Corp.,
Bear,
Stearns & Co., Laurence M. Marks
Co., Otis & Co., all of New.
York, Stroud & Co., of Philadel¬
phia, Harris, Hall & Co., of Chi¬
cago, W. E. Hutton & Co., of Cin¬
cinnati, First of Michigan Corp.,
R.
D.
White
&
Co., Gregory &
Co.,
Merrill
&
Fenner &
Newburger, Loeb
&
Co.,
Beane,
all
of
New York, H. M.
Byllesby & Co.,
Chicago, Starkweather & Co.,
of
of New York,
J. M. Bain &
Co.,
of Minneapolis, J. R.
Williston &
Co., Minsch, Mpnell & Co., both of
New York, J» H. Hilsman &
Co.,
of
Atlanta,. Jack M. Bass &* Co..
of
Nashville,
and'1 Leftwich
Ross, of Memphis, at price
a
net interest
follows:
cost of
Fbr
1.2874%,
$76,000
&
of par.
as
maturing
June 1, 1946 at 0.30%
$347,000
maturing June 1, $79,000 in 1947.
$84,000 in 1948, $90,000 in 1949.
$94,000 in 1950, as 6s, $100,000
maturing June 1, 1951, as 5%s.
$1,546,000 maturing June
000
1954
in
1952 and
and
1955.
the
reoffered
in
1976..
tion
of
Redeemable
the op¬
at
the
authority on any in¬
terest date commencing June 1,
1951, at 105 and accrued interest
or before June
1, 1956, and at
declining prices thereafter.
011
Sweetwater, Tenn.
Bond
Offering
—
E.
J.
mann, Town Recorder,
ceive sealed bids until 1
Engle-
will
re¬
p.m. on
April 27 for the purchase of series
B, electric system revenue bonds
amounting to $175,000,- not exceed¬
ing 2% interest. Dated Dec. 1.
1945.
Denomination
June
1,
$1,000.
follows: $8,000 in
as
Dne
194y
to
1953, $9,000 in 1954 to 19^
$10,000 in 1960 to 1963, and $U/)W
in 1964 to 1966. All bonds wnicn
mature
on
and there¬
June 1, 1953,
after shall be callable for redemp¬
tion at the option
inverse numerical
of the Town in
order 1 on Jun
1, 1952, and thereafter
on any
terest
payment date prior
turity at par plus accrued
to
the
plus
bond
a
date
fixed
for
in¬
to ma¬
interest
redemption
premium of $20
redeemed prior to
per
eac
maturity
on
or
prior to June 1, 1959.Jan
premium of $10 for each bona
redeemed prior to maturity aite
a
1. $104.-
June 1, 1959. The bonds are nay-
$106,000 in
$108,000 in 1956.
qble at Chemical Bank & Trus
Co., in the City of New York. New
York, or at the option of the hold¬
ers thereof at Hamilton N°tmna
1953.
$109 000 in 1957 and 1958, $111,000
in 1959, $112,000 in I960, $113 000
in
-
bonds for
public subscrip¬
tion at prices ranging from a yield
of 0.30% for bonds maturing in
1947 to a price of 98 for iy4s, due
&
Son,
Gruntal
Lynch, Pierce,
purchasers-
above
Tenn.
awarded
or
Stone & Webster Securities
light
bonds amounting $150,000.
June 1, 1946.
Denomina¬
tion $1,000.
Due June 1, as fol¬
plant
1976.
cesion
inc.,
Kidder. Peabody & Co.,
of
Sale—The series A, re¬
funding bonds amounting to $3,439,000 and offered for sale on
April 12—v. 163, p. 1922—were
bonds
Harriman Ripley & Co.,
electric
1, 1946. Denomination $1,000. Due
June 1, as follows: $8,000 in 1947
to
1966, and $9,000 in 1967 to
interest
Boston Corp.,
Smith, Barney & Co.,
May 9 for the purchase
of
the
First
Dated
quested
100.00
(Net interest cost 1.37708%.)
—
for
works
bonds
Upper Darby Township Sch. Dist.
(P. O. Upper Darby), Pa.
a
Recorder,
water
purchaser
only if and after the proceedings
authorizing the issuance thereof
jointly,
For $72,000, Is,
$332,000, 6s,
$490,000, 2s,
$646,000, iy2s, and
$1,899,000, 1.20s
due
are
p.m.
favorable
the
James F. Smith &
Co.,
April
$25,000
that the Mayor and Aldermen will
receive sealed bidSfe until 4
Elliott &
Munson, of Philadelphia, and will
be
Nashville,
Davidson & Co., and
Dyersburg, Tenn.
Bond
deposited
are
Cumberland Securities
Corp.,
TENNESSEE
obligations under the
terms of the contract of sale and
the purchaser to the re¬
subject
to
the
opinion of Townsend,
First
Bank, Boston, at
entitle
with the bid. These bonds
Co.,
Buckley Bros.,
Kingsbury & Alvis,
The next highest
the
was
Inc.,
.Ingen & Co.,
E. H. Rollins &
Sons,
A. C. Allyn &
Co.,
R. S. Dickson &
These motes
6, 1946.
bidder
his
sued
Blair & Co.,
B. J. Van
The
—
Denominations
bonds, will, at the election of the
purchaser, relieve the purchaser
amount
Estabrook & Co.,
only other
& Co., at »
of '0.47%._ Dated
1946.
and
the
The
0.565%.
discount
of exemptions
of
Goldman, Sachs & Co.,
Graham, Parsons & Co.,
temporary
notes amounting taj£150,000 and
offered for sale on April 12—v.
163, p. 1922—were awarded to the
R.-L. Day & Co., of
Boston, at a
The
turn
(Net interest cost
1.3535%.)
were
National
Westerly, R. I.
enactment, at any time prior to
the
delivery of the bonds, of
Federal
legislation
which
in
terms, by the repeal or omission
from
First
Leavitt
was
Bond
from
unlimited ad valorem taxes.
$500,000 and
April 18
next
0.55%.
rate of
ob¬
payable
jointly,
$74,000, V4s, $433,000.
'6s, $621,000, Is, and
$2,311,000, iy4S
100.00
For
-
a discount of
highest bidder
Higginson Corp., at a
Lee
rate
face
These
the
The
Registerable
only.
Wm. E. Pollock &
Co., and
McDonald & Co.,
temporary
to
on
Corp.,
Equitable Securities Corp.
Harvey Fisk & Sons,
payable
Boston, at
0.53%.
be
thereof,
the
premium offered, if
amount of the issue.
to
Bank of
bonds
such
amounting
awarded
life
and
over
to
of
account
on
any,
interest
Union Securities
New York,
Reynolds & Co.,
Sale—The
offered for sale
deducting from the
total
$5,000,
d
de¬
Newport, R. I.
who, having complied
conditions of sale, offers
with the
for
be
RHODE ISLAND
to take
paid
check
shall
responsible
purchase of from $60,000 to
$75,000 'W, %, 1, iy2,1%, or 2%
coupon sewer of 1946 bonds. De¬
nomination $1,000.
Dated May 1,
1946.
Bids will be received for
any
of the following
tified
one
the lowest interest cost to the Dis¬
the
favorable
to the School District.
The
(EST), on May 8, by Howard R.
Hibbert, District Secretary, for
principal
amounts
of
bonds maturing
as
1.124%.
Interest J-J.
follows:
(A)
$75,000 maturing
$15,000 May 1, 1947 to
Mt. Lebanon
1951; (B)
Twp. Sch. Dist.
$70,000 maturing $14,000
(P. O. Mt. Lebanon), Pa.
May 1,
1947 to 1951;
(C) $65,000 matur¬
Bond Election—The
issuance of
ing $13,000 May 1, 1947 to
$1,500,000 site acquirement, con¬
1951;
or
(D) $60,000 maturing $12,000
struction and
equipment bonds
May 1, 1947 to. 1951, at any of the
at
to
agrees
The bonds will be sold to
highest responsible bidder,
provided such bid is not less than
ture
Rate Price Bid
Co
and
assumes
&
Munson, of Philadelphia, and will
Union
An
$100,000 municipal power plant
improvement bonds will be sub¬
mary
said.
his
Fauset, Steele &
Walter, Woody &
Heimerdinger
Grove City, Pa.
Bond
or
terms of the contract of sale and
entitle the purchaser to the re¬
turn
of
the
amount
deposited
1946.
Greenville, Pa.
^
includes
class
a
in¬
bonds, will, at the election of the
purchaser, relieve the purchaser
Bond
development
will range from
000.
of
which
character
Aliquippa, Pa.
park
the
Shenandoah School District, Pa.
Bond Election—At the
primary
election on May 21, the voters will
be asked to
tax
b delivered to the
purchaser only
*
•
income
bonds
on
sued
100.02
Portland Sch. Dist. (P. O. PortBond
Federal
a
terest
$1,-
follows;
as
to
Interest M-N. Dated
the
Morgan, Lewis
&
Philadelphia, and will
pay.
the
payable
future law of the
or
i«
follows:
as
been approved by the Department
of Internal Affairs. Enclose a cer¬
Township
Said bonds and the in¬
thereon
issued sub¬
are
ject to
monwealth, all of which taxes the
two
disposal plant system without deduction for any tax or
bonds amounting to $300*000 was itaxes, except succession or in¬
favorably voted at the election heritance taxes, now or hereafter
as
Phelps, Fenn & Co.,
Lehman Bros.,
taxes, now or hereafter levied or livered to the purchaser only if
F. S. Moseley &
assessed thereon under any
Co.,
and after the proceedings author¬
pres¬
>R. W. Pressprieh &
ent or future law of the Com¬
Co.,
izing the issuance thereof have
and
age
These bonds
payable with¬
out deduction for any tax or
taxes,
except succession or inheritance
of the above rates of inter¬
est
bid.
est thereon will be
different rates of interest will be
Milton,
000
and the interest rate for each
may
Said bonds and the inter¬
differ.
at
any
eral
struction bonds.
and. 1965
and,
o??»
Bidders may submit bids for any
or
all of the principal amounts
sealed bids until 8
p.m. on
22 for the purchase of
April
1, 1*4, IV2,
(P. O. New¬
1%, ,2, 214> "-2%y funding and im¬
port), Ore.
Bonds Voted—At a recent elec¬ provement coupon bonds amount¬
tion the voters are said to have ing to $75*000. Dated May 1, 1946.
Denomination $1*000. Due $3,000
approved the issue of the follow¬
May 1, 1947 to 1971. Bids will be
ing bonds aggregating $60,000:
Lincoln
$117,000 in 1964
22, ig46
$1,370,000
maturing jUnp ?'
tax the interest on bonds of a class; $119*000 in
1966, $121;000 in it*?
or character which includes these
$122*000 in 1968, $-124,000 in
qrq'
bonds, will at the election of the $125,000 in 1970,
$127,000 in
purchaser, relieve the purchaser $128,000 in 1972, $130,000
in 107}'
from his obligations
under the $131,000 in 1974, $134,000
in 197?
terms of the contract of sale and and
$109,000 in 1976, as
IV,
entitle the purchaser to the return Dated Dec.
1, 1940. Denom. $1 000
of the amount deposited with the Interest J-D.
Other bidders
werP
Said
accepted.
Monday, April
1961, $115,000 in 1962 and 1963, Bank,
in
the City
of
Knoxviile-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4483
163
Volume
requested to name a
interest m mulup es of % of 1%. Not more than
z' rates of interest should be
specified and there shall be no
more than one rate for any one
uidders are
or
rates of
Awarded
responsible bidder
to the
the lowest
interest cost to the Town.
The
bonds are issued for the purpose
of constructing, improving and ex¬
tending the electric system of said
Town and, together with $79,000
outstanding Electric System Rev¬
enue Bonds, Refunding Series A,
and other obligations which may
be issued in the future on a parity
under the provisions of the reso¬
lution authorizing the bonds, are
payable from the net revenues de¬
rived from the operation of the
bid results
whose
mitted
in
to
$625,000
the
to
tion held
on
was
sub¬
at the
voters
elec¬
due in 25 years.
are
County (P. O. Seminole),
Texas
Election
Bond
bonds
(P. O. Panhandle),
Bond
Gaines
April 20. These bonds
Carson County Special Road Dist.
be
will
bonds
The
oinritv
amounting
Sale—O. R.
Texas.
Beddingfield,
County Judge, has announced that
the
road
improvement
bonds
amounting to $130,000 has been
will
to
These
bonds
of
$1,475,000
to
submitted
issue
An
—
the
at the election to be held
27.
voters
on
April
described
are
follows:
as
$100,000 county parks bonds.
1,250,000
road
improvement
Cherokee
County Road Dist. No. 3
(P. O. Rusk), Texas
Bond Issue Approved—An issue
of
refunding bonds amounting to
$15,000 has been approved by the
100,000 county parks bonds.
100,000 jail bonds.
25,000 court house bonds.
Hamlin
Independent Sch. Dist.,
Sale
were
associated with the
the purchase of
in
named
the bonds which
dated March
are
1, 1946, in the denomination of
$1,000, and mature March 1, as
follows: $4,000 in 1949, $7,000 in
1950 and 1951, $8,000 in 1952 to
1957, $9,000 in 1958 to 1961, $10,000
in
May.
It is anticipated that de¬
livery can be effected on or be¬
fore June 15, 1946.
check
tified
to
1966, $11,000 in
1969, $12,000 in 1970 to
1973, $13,000 in 1974 to 1976, and
$14,000 in 1977 and 1978. Bonds
maturing in 1957 to 1978, become
optional March 1, 1956 and there¬
on
after
interest
payment
days'
published
notice at par and accrued inter¬
est plus a premium of
such
premium to be reduced y2 of,l%
any
30
Enclose a cer¬
$850, payable to
for
District.
the
Shamrock, Texas
1962
date
Details—The
purchaser.
Application for re¬
funding will be presented to ttye
State Board of Education early in
Purchased—An
Bonds
to
after
Texas
Bond
above
1967
bonds.
sold.
E. Allison & Co., both of San
Antonio,
amounting
be
M.
2211
issue
of
hospital bonds amounting to $80,1000
purchased recently by
Edwards, Inc., of Okla¬
City, as follows: $40,000 as
was
R.
J.
homa
l3/4s, $20,000
2V4s.
as
2s, and $20,000 as
These bonds
due
are
over
$125,period of 20 years.
000 3x/2% school house, series of
Cherokee County Road District
Sulphur Springs, Texas
*
1946 bonds awarded recently to
No. 3 (P. O. Rusk), Texas
R. A. Underwood & Co., of Dal¬
j Bonds Voted—At a recent elec¬
on March 1, of each year through
Legality Approved —An issue las.—v.
tion the voters are said to have
163, p. 2067—were sold at March
1, 1960. Principal and in¬
of series of 1946, 2V2%, 2%% and
a price of par, in the denomina¬
approved the issuance of $60,000
terest payable at the Chase Na¬
Town's electric distribution sys¬ 4% refunding bonds amounting to tion of
construction bonds.
$1,000, and mature on tional
Bank, New York/or at the
tem. The Town will supply the
$99,000 has been approved as. to April 15, as follows:
$1,000 in First National
Bank, Raymond¬
Wellington Sch. Dist. (P.O.
>
approving opinion of Chapman & legality by W. P. Dumas, of Dal¬ 1947 to 1972, $10,000 in 1973 and
ville, Legality approved by Mclas.
Dated Feb. 10, 1946.
Wellington), Texas
Cutler, of Chicago, and all bids
These 1974, $11,000 in 1975 to
1978, $12,Call,
Parkhurst
&
Crowe,
of
Pre-Eelection
Sale Contractbonds are part of an original is¬
must be so conditioned. No bid
000 in 1979/$13,000 in 1980, and
Dallas.
It is stated that R. A. Underwood
wi 1 be accepted for less than par sue of $151,000.
$10,000 in 1981.
Bonds maturing
& Co., of Dallas, have contracted
and accrued interest. A good faith
April 15, 1967 to 1981, are call¬ Reeves County Red Bluff Water
Columbus, Texas
to purchase, subject to an election
Power Control Dist. (P. O.
deposit in the amount of 2% of
These bonds
Bonds Voted—An issue of city able April 15, 1966.
to be held in the near future, an
the bonds shall be made by each
Pecos), Texas
bonds amounting to $77,500 was are dated March 1, 1946.
of
$100,000
construction
bidder in the form of a certified
Bond Election Held—An issue issue
favorably voted at the election
Hawkins School District, Texas
check payable to the order of the
of refunding bonds amounting to bonds.
held on March 30.
Bond Election Held—An issue
Town Treasurer.
$2,000,000 was submitted to the
of gymnasium construction bonds
VIRGINIA
voters
at
the
election
held
on
Crosbyton, Texas
Winchester, Tenn.
Bonds Voted
At an election amounting to $100,000 was sub¬
April 16.
Altavista, Va.
Bond Offering — Sealed bids
held recently the voters are said mitted to the voters at the elec¬
Bond Call—It is reported that
will be received until 7.30 p.m.
Rosenberg, Texas
to have approved the issuance of tion held on March 23.
E. Cundiff, Town Clerk, has pub¬
Bonds
Voted—It
is
on
reported
April 23, by Mayor Roy J.
$100,000 improvement bonds.
Hockley County (P. O. Levelland), that the voters
approved at a re¬ licly announced that the 5y4%
Wilson, for the purchase of $82,T exas
school water and sewer bonds ag¬
Eastland Free School Incorpora¬
cent election a
000 electric
proposal calling
system revenue re¬
Bond Election Pending — It is
tion, T exas
for the issuance of $300,000 im¬ gregating $50,000, being all the
funding, Series A bonds.
Interest
outstanding bonds of this issue,
Bonds Purchased—C. A. Hertig, said that an election may be called provement bonds.
rate is not to exceed 1V2%, pay¬
in the near future to have the
maturing June 15, 1956, are called
has
announced
that
able
J-D.
Denomination
$1,000. Secretary,
San Angelo Indep. Sch. Dist.
voters
for payment on June 15, at either
pass
on
the issuance of
Dated Dec. 1, 1945. Due on June 1, bonds amounting to $11,000 were
(P. O. San Angelo) Texas
the
Chase' National
$850,000 road construction bonds.
Bank, New
as follows:
$11,000 in 1951 and purchased as a result of the call
Bond Election—It
is
reported York City, or at the First Nation¬
1952, and $12,000 in 1953 to 1957. on April 10, of the Eastland Free Jackson County Road Dist. No. 7 that an election will be held in
al Bank of Altavista, at the option
Incorporation
refunding
(P. O. Edna), Texas
Optional for redemption on June School
May to have the voters pass on of the holder, and will become
Bonds Purchased—An issue of
1, 1951, and on any interest pay¬ bonds, series of Aug. 1, 1941.
the
issuance of $1,250,000
con¬
due and payable upon presenta¬
ment date thereafter at par and
road bonds amounting to $40,000
struction bonds.
tion and surrender with all un¬
accrued interest and a premium Eagle Pass Independent Sch. Dist., was
purchased
recently,
at
a
Texas
matured coupons attached thereto.
of $15 for each bond redeemed.
San Saba, Texas
price of par, by the Citizens State
Bond
Offering — Fred
R.
Interest ceases on date called.
Issued for the purpose of refund¬
Bonds Defeated-—It is stated by
Bank, of Ganado, as follows: $12,T
Superintendent
of 000
ing a like principal amount of Thompson,
maturing $4,000 April 1, 1947 the City Secretary that at the
WASHINGTON
Schools, will receive sealed hids to 1949 as
outstanding Electric System Reve¬
l%s, $12,000 maturing election held on April 9
the
until 3:30
p.m.
on April 25 for
nue bonds,
Refunding, Series A,
$4,000 April 1, 1950 to 1952 as 2s, voters rejected the proposal to Grctnt County Ephrata Sch. Dist.
the
purchase of $50,000 school and
of said City, and will be
payable,
$16,000 maturing $4,000 April issue $125,000 electrical bonds.
(P. O. Ephrata), Wash.
house bonds, not exceeding 3%
together with such other obliga¬
Bond
Election — An
issue
of
1, 1953 to 1956 as 2y4s. Interest
interest. Dated May 1, 1946. De¬
Seagoville Indep. Sch. Dist., Texas construction bonds amounting to
tions as may be issued on a parity
A-O.
nominations $1,000 and $500. Due
Bond Offering:—Charles J. Terunder
provisions of the resolu¬
$85,000 will be submitted to the
gerson, Superintendent of Schools,
tions authorizing said bonds, and May 1, as follows: $3,500 in 1947
Katy Indep. Sch. Dist., Texas
voters at the election to be held
to 1956, and $3,000 in 1957 to 1961.
Bond Issue Approved—An issue will receive sealed bids until 7:30
the
remaining outstanding Re¬
on jMay
18.
funding bonds, Series A, from the These are the bonds authorized of iy2% and 1%% construction p.m. on April 25 for the purchase
of refunding bonds amounting to
net revenues to be derived from at the election held on April 6, bonds amounting to $300,000 has
WEST VIRGINIA
$42,500, not exceeding 3% inter¬
the operation of the
City's Elec¬ 1946, by a vote of 96 to 0. It is been approved by the Attorneyest. Dated June 15, 1946. Denom¬
General.
tric Distribution
Elkins, W. Va.
System. The pro¬ the intention of the Board of
ination $1,000, one for $500. Due
ceeds of the sale of said
No Specified Date—In regards
bonds, Trustees to sell the bonds at the
Levelland, Texas
June 15, as follows: $500 in 1947,
interest
cost
that
will
together with
additional
funds lowest
Bonis Voted—An issue of pav¬
to the 1V2% flood control bonds
$1,000 in 1948 to 1950r $2,000 in
sufficient
to
make
the
deposit bring a price of approximately, ing and water extension bonds
1951 to 1959, and $3,000 in 1960 amounting to $38,000 that carried
adequate to pay principal,' re¬
but
not less
than par and ac¬ amounting to $300,000 was fa¬ to 1966. It is the intention of the
at the March 12 election, John D.
demption premiums and accrued
vorably voted at the election held District to refund two issues now
Bidders are re¬
interest to June 1, 1946, will be crued interest.
Campbell, City Clerk, has an¬
on April 2.
held
escrowed with the
by
the
State
Permanent
paying agent quired to name a rate or com¬
nounced that at present no date
Littlefield, Texas
for the
School
Fund.
It
is
understood
outstanding bonds simul¬ bination of two rates with their
of sale has been specified. Dated
Bonds
Voted—An
issue
of
taneously with the delivery of
that the Refunding bonds are to
bid which is nearest par and ac¬
water and sewer revenue bonds
July 1, 1946. Denominations $500
the refunding bonds.
No bid will
crued interest.
be accepted for less than
Any rate or rates ,amounting to $190,000 was favor¬ be issued and sold only if the and $100. Principal and interest
par and
ably voted at the election held on State Permanent School Fund re¬
accrued in West to June
1, 1946. named must be in multiples of
payable at the State Treasurer's
March 29.
The City will
leases the two issues that it now
supply the approv¬ Vs
office or at the Davis Trust Co.,
of
1%.
Alternate proposals
Attorney-General.
a
—
ing opinion of Chapman & Cutler
of
Chicago, and all
be
bids must
so
conditioned. Enclose
check for 2% of the
a
certified
bonds, pay¬
able to the
City Treasurer.
TEXAS
on
—
An
issue
of
March 30.
Sj/2%
water
been
W-
and
sewer
amounting
approved
P.
bonds
to
as
revenue
$50,000
to
the
These
dated Feb. 1, 1946.
of
bonds
the
bank designated by
the
to
purchaser
is
It
him.
fore
and will deliver the
anticipated
15,
check
Beckville), Texas
tion the
approved
voters
the
are
a
Crockett
said
issuance
to
of
have
$70,000
that
for ,,$1,000,
County Water Control
°t
3%
Held—An
Bond
bonds
Election—The
amounting
to
following
intra-coastal
canal
$26,500
be held
water
bonds
23,500'' sewer
bonds.
on
at
voted
issues
on
system
April 27:
extension
•-
system
held
of
tention
take
Fund.
It
Board
the
the
is
of
District, Texas
than
Legality Approved—An issue of
2%%
series of 1945, school house
amounting
bonds
been
W.
$50,000
approved
as
of
Dallas.
has
to legality
Dumas,
P.
bonds
to
are
rate
or
with
Indep. Sch. Dist.
bonds
par
was
favorably
.
to
voted 'At
the election held on March 9.
rate
or
connec¬
tion with the sale of the
$300,000
water
and
sewer
revenue
to the Ranson-Davidson
bonds
Co., it is
extension now'feported that the Columbian
Securities
is
will
five
to
years
be
be
with option
on
District.
must
a
rates
Any
be
in
Alternate
considered
on
of redemption
after their date.
forms
163,
nearest
interest.
named
offered
11—v.
for
improvement
sale
of
105.703,
April 1, 1946.
000.
0.928%.
about
Mil¬
of
Co.,
waukee, at a price of
basis
April
on
1780—were awarded
Wisconsin
the
to
p.
iy2%
$150,000
highway
bonds
name
of two
which
Sale—The
G,
less
interest.
to
Bond
series
a
Dated
Denomination $1,$15,000
These bonds are due
April
1,
1952 to
The next
1961.
Halsey, Stuart
Co., and Harley, Haydon & Co.,
highest bidder was
&
jointly, at a price of 105.70.
,
Bids
furnished by the
CANADA
The District will furnish
printed bonds,
a
copy
of the
proceedings, the approving opin¬
Details—In
Sale
rates
proposals
the
Raymondville, Texas
Bond
bid
accrued
and
bonds
amounting
combination
their
Wis.
price
a
Mansion),
O.
'
in¬
not
accrued
required
are
multiples of Vs of 1%.
Bonds Voted—An issue of con¬
struction
and
par
Bidders
by
These
dated Dec. 1, 1945.
Port Lavaca
bring
but
(P.
County
Juneau
Trustees
of
approximately,
WISCONSIN
the
up
by the State Perma¬
School
nent
Elkins, W. Va.
of the Refunding
to sell the bonds at the lowest in¬
March 21.
Independent
Boston
School
will
at the
condition of the sale
a
purchasers
terest cost that will
New
$80,000
$50,000
bonds.
issue
1
(P. O. Ozona), Texas
election to
ville), Texas
pay¬
favorably
held
to
Texas
Cameron County, Arroyo Colorado
Bond Election
a
was
the election
-
be submitted to the voters
Dist. (P. O. Browns¬
$60,000
the
bonds must agree to
amounting
bonds
struction
As
holds.
■
construction bonds.
Navigation
de¬
Enclose
1946/
Improvement Dist. No.
and
recent elec¬
to
cost
be effected on or be¬
can
June
certified
without
Waco),
3-A
T exas
Austin, or of Chapman & Cutler,
Chicago,
Consolidated
County
Bonds Voted—An issue of con¬
& Gibson, of
Gibson
>•
Bonds Voted—At
approving
the
able to the District.
tieckville Indep. Sch. Dist. (P. O.
fur¬
printed bonds, a copy of
proceedings,
opinion
the
by
will
District
The
five
McLennan
School District No.
Bids to
date.
furnished
forms
has livery
legality by
Dumas, of Dallas.
are
their
on
of
Amherst, Tex.
Legality Approved—An issue of
bonds
after
nish the
Tex.
improvement bonds amounting to
Jl 50,000 was defeated at the elec¬
tion
held
of
years
bonds
on
redemption
option
District.
Alamo Heights,
Bonds Defeated
with
be
considered
be
will
Corp., of-Texasf
Canada (P. O. Ottawa), Can,
ion of Gibson &
Bills Sold—An issue of treasury
Gibson, of Austin,
of
Chapman & Cutler, of Chi¬
bills
amounting to $75,000,000 was
cago.
It is anticipated that it will
sold
on
or
be June
or
July before the final
details will be
completed and the
and bonds ready for delivery to the
April
11, at an average
yield of 0.373%.
1946.
Dated April 12,
These bills are due on July
12, 1946.
s~
;• -
•
--
•.
A
Sw
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2212
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THE COMMERCIAL & FINANCIAL CHRONICLE
Monday,- April 22,
1945
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THE
PAYROLL
SAVINGS
PLAN
CONTINUED!
■
Thanks to the cooperation and
encourage¬
ment of
million bond holders have
P
■4.
in the
bought U.S. Bonds
greatest savings program in
history.
Employees who have purchased billions of
dollars of these bonds
want to continue
bonds.
tinue
during the
war
now
recently revealed by
job.
a
survey
can
write in his
with the
set of
part of his personnel rela¬
but the principal advantages
An opportunity
veteran
safest, easiest,
can
in
most
to
for the returned
share
in
the
Payroll
Your employees will
require little
idea—they
are
"selling"
\
on
the
accustomed to their monthly saving
Treasury Department's savings bond
program now in peacetime operation,
your partner¬
ship is again invited
means
to continue this systematic, con¬
of contribution to
a
prosperous peace¬
Treasury Department acknowledges with appreciation the
publication of this
message
by
THE COMMERCIAL &
FINANCIAL CHRONICLE
Iran
profit-
make.
time future.
The
to
America"
Plan's varied benefits.
venient
obvious:
"share
able investment he
habit. With the
as a
his
was
which dis¬
own
opportunity for the employee
maintain
pros¬
why the Payroll Savings Plan should
tions program,
content¬
and satisfaction in his
con¬
closed that 90% wanted the Plan
continued.
are
ment
An
to
perity through the Payroll Savings Plan
be continued
thrift habit for
monthly purchases of savings
Specific evidence of this desire
Every employer
An "automatic99
the worker; to increase
saving for personal security and
reasons
large reservoir of national sav¬
a strong and stable bulwark
against inflation.
America's industrial
executives, 85
if.,
i'
A
ings;
official U. S. Treasury advertisement
prepared under the auspices of the
Treasury Department and Advertising Council
@FedFRASER