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194#
APR 2 4
MONDAY
I and.
ommetciaL an
Chronicle
S. Pat. Office
Reg. U.
Volume
Price
York, N. Y., Monday, April 24, 1944
New
Number 4275
159
General Corporation and Investment
RAILROAD
Steel Co.
Acme
sales
Cost
of
—*——**^~*
products
Gross
sold
profit
Selling,
Provision
for
15,064,302
20,709,452
-
:
admin,
$35,633,727 $27,097,985 $34,753,062
-
_
20,474,205
$14,924,275 $12,033,683 $14,278,857
—
568,793
723,448
depreciation—
Amortiz.
of emergency facilities.
Amortization of patents——-
5,096,180
4,697,524
576,637
5,612,583
and gen. exps.—
'
581,613
313,225
589,395
3,671
3,256
$6,166,870
42,593
$8,284,629
7,716
$8,050,006
$6,209,463
$8,292,345
1,814
907,000
906,622
1,429,037
*—,
—
S.
U.
interest
Amount
$2,935,420
3,775,424
59,738
delivered-—
18,300
21,610
Special deposits
308
17,400
Traffic
100,000
100,000
sold—not
secur.
receivable—other
Investment
Other
————
5,767,323
81,127
dividends.
and
for
rec.
Accounts
in
AdameX
securities—at
,*
Securities
Corp.—
cost——
27,429,519
_
Cash
Balances duo from agents
Miscellaneous
28,778,696
Total
—
Other
income
Interest
Prov.
——
paid
1
Federal- and
for
normal
income
and Canadian
•Fed.
Canadian
taxes
and
surtax
3,894,484
3,144,212
4,729,000
prof, taxes
exc.
Underprovision or overprovision (Cr)
for
prior
Provision
428
contingencies-
Cr27,230
15,641
418,932
interest
Accrued
taxes
profit
Dividends
Number
paid
of
Earnings
♦After
believed
is
ment
surplus
is
possible renegotiation of the business of 1943.
3 Months End. Mar. 31—
profit
excess
TTr.f
prrPt
Earnings
For
the
12-month
estimated
after
$422,316
$1.28
for
amounted to
surtaxes
contingencies amounted
compared
with
$1,615,262,
$881,848.
per
share
for
In
for
New York
which
contingencies
Consolidated
Balance
has
been
Sheet,
Cash
in
Net
Canada
of
Inventories
—_
Other assets
loan
victory
♦Trade notes and accounts
—
——
-
war
;
15*9,
bond
'
payments—
Stock
———1683
Stock
Exchange
Montreal
Stock
Exchange
Montreal Curb Exchange
Stock
The
Section——1686
—1687
Markets
of
24,248 shares of 4% cumulative
271,767 shares were subscribed through the ex¬
of
issued
warrants
these
the
to
shares
convertible
of
preferred
stock
are
stock
converted
"Stock,
in
and
verted
after
stock
common
on
in
before
or
of
case
1954,
5,
June
5,
1954, $40 per share of
State and City Bond Offerings and Sales—-1701
the
Redemption Calls & Sinking Fund Notices_1689
Dividends Declared and Payable
1689
days' notice at $104 per share and accrued dividends,
$949,424
Miscellaneous Features
Foreign Exchange
Reserve
94,648
206,412
526,681
66,000
456,011
307,038
8,202,700
8,541,197
—-
-
Banks
Federal
———4-—r—___1692
Reserve
!
System——
_1692
Transactions N. Y. Stock Exxchange
—1671
8,202,700
Transactions N. Y. Curb Exchange-
1671
7,694,929
Stock and Bond Averages—
1671
'
;
Guaranty Trust Co. of New York,
$80,455
in
1943
and
$82,573
1943 and
$ 1,172,936 in
in
Trust
Co.
Transfer agent:
Registrar: Central Hanover Bank &
:'
"
Purpose—Net proceeds to be received by the company from the sale
the
convertible
preferred stock are estimated to be not more than
$29,012,968 and net less than $28,568,946 after deducting underwriting
commissions and other expenses.
Company, on or about May 18, 1944,
will apply $15,600,000 of such proceeds to the redemption and payment
of all of its outstanding 15-year 4%
convertible sinking fund deben¬
tures, due Sept. 1, 1952, at 101.
The accrued interest o'f approximately
$130,000 payable cn such redemption will be paid out of other funds
the company.
of
the
The balance of the proceeds will be used to augment
accounts
fLess
1942.
to pay or withhold under
part at any time on 30
working capital for war purposes and to place it in a
additional inventories and additional notes and
receivable for anticipated post-war business, particularly in
the farm
$22,474,586 $19,482,020
—
of
reserves
any
'
of
Condition Statement of Member Banks of
$7,661,734 in. 1942.
implement, road machinery and tractor field.
company's
Funded
833.
Supply Mfg. Co., Inc.—Class B Dividend—
dividend
A
par
of
$1,
distributions
10 cents
per
payable May
were
made
on
has been declared on the
share
10 to holders of record
April 6,
April 28.
8 and Dec.
10, Oct.
July
Alabama Great Southern RR.—Income Statement—
\
class B
Calendar Years—
Similar
Operating
Operating
expenses
1942
1943
*
revenues
last
23,
1940
1941
$23,537,9C2 $19,749,292 $11,102,951
to
carry
Debt
and
Capitalization
(Giving Effect to Present Financing)
Authorized Outstand'g'
9,904,714
6,801,831
5,478,497
$9,844,578
$4,301,120
$2,746,503
market
XI, 325,849
1,073,245
Crl74,168
values
of
Taxes
Quarter Report—
March
standing
net
to 354',;,
in
assets
the
as
of the
hands
of
principal
the
applicable to the
public
31,
1944,
amount of the funded
that date..
on
stocx
On
this
basis
the
share, respectively,
on
common
the
common
Consolidated
3 Mos. Ended March 31—
Total
Income
?
for
tax,
;
99,307
6,000
6,622
maximum
amount
of
$50,000,000
150,265
$2,331,666
Non-operating income-
1,221,358
1,163,407
1,180.589
$1,697,157
1,137,052
authorized shares of common
outstanding
15-year 4% ! convertible
sinking fund debentures
740,038 shares for conversion of the convertible preferred stock.
Cr82,603
for
the
ry.
oper.
Total
gross
on
income-
gross
Deductions
funded
33,797
463,722
debt
ligations
Divs, of $9
on
$2,884,209
424,295
34,106
423,840
423,840
35.646
equip, trust ob¬
on
72,170
79,183
86,195
chgs.
$3,710,995
$3,042,268
$2,975,125
$2,338,528
pfd. stks.
202.821
202,821
608,463
603,463
1,409,400
tl,409,400
*939,600
*939,600
over
ordinary
1943
300,000 shares of preferred stock, issuable , in
the authorized number of shares of common
to
2,750,0001
199,336 shares of the 2,750,000
stock were reserved for conversion of the
stock
and $512,000
in 1942.
t$9—charged
profits tax of
and
in
to
acquire pursuant to
a
plan of
reorganization
1913, in
all of the
.
subject to
liabilities, of Allis-Chalmers Co. (N. J.), which was
receivership.
The predecessor corporation had been formed in
1901
of
*$9—$3 charged to surplus and $6 charged to income.
surplus.
+ After
deducting post-war refund of excess
$599,556 in
of
increase
2,500,000
History and Business—Company was incorporated March 15,
Delaware,
assets,
then
.
Bal. of inc.
Divs.
$3,512,255
$4,222,094
to
from
total
Income
on
$3,572,531
47.376
from
stock
authorization
and
series,
6,097
$147,696
the
1943, the company issued its notes thereunder
due Aug. 10,
1946, and on Jan. 25, 1944,
additional
notes
aggregating
$25,000,00
due July 31,
1944.
tOai
March 30, 1944, the certificate of incorporation was amended to provide
On Aug. 17,
aggregating
$2,409,124
10,000
$71,531
in
$3,000,736
to
income
loans
income
Net
1943
41,110
for
154,007
$304,211
43,786
99,307
estimated Federal income
Provision for other taxes
Net
providing
1,898,050
Account
1944
expenses
Interest
Prov.
V
147,743
Int.
$227,247
income
General
2, 1943, the company entered into a bank credit agreement
Regulation
6,639,607
648,105
Interest
outstanding.
„
$75,000,000 $75,000,000
f300,000
296,015
t2,750,000
1,776,092
161,487
equipment-
facility
were
stock then
(shares)
stock, no par value (shares)
♦On Aug.
under
pfd, stock ($100 par)
795,528
-
of
Joint
debt out¬
$24,202,937, equivalent
to $16.53 per %hare outstanding in the hands of the public on March
31, 1944, which compares with $23,274,055 as of Dec. 31, 1943 and
$23,286,862 as of March 31, 1943, equivalent to $15.90 and $15.91
per
Common
conv.
rents—
Hire
the net assets of
the company applicable to its outstanding securities were $33,703,437
Equivalent
notes payable to banks—.
cumul.
$75,000,000.
Adams Express Co.—First
on
*2%%
47c
$8,225,000
12,254,362
$11,283,600
—
year.—V. 158, p. 1237.
Based
5,
and Dec. 5, at the rate of 4 % per annum without
privilege dividend tax, not exceeding 3%, which
5
for
company may be required or permitted
Wisconsin law.
Redeemable in whole or in
*.--—1692
Rates
Combined Condition Statement of Federal
1,085,651
-
...—,^*.—1688
Sept.
5,
deduction
*,
246,217
29,021
90,727
Dividends, cumulative from April 12, 1944, payable quarterly March
June
General Corporation and Inve$tment News_1649
$749,404
281,261
69,433
;
common
shares
55,115
—
——
the
125%
56,350
income—
(par $25)--—;
at
of convertible preferred stock con¬
of the conversion price per share of
effect at the close of business on June 5, 1954.
the
June
Title oflssue—
stock,
convertible
254,307
3,120,652
on
stock¬
full-paid and non-assessable shares of common
224,079
236,500
for depreciation of
Aero
common
stock (each share
of convertible preferred stock being taken at $100 for the purpose of
such conversion).
The price at which shares of common
shall be
deliverable upon such conversion (called the "conversion price") shall
be initially as follows: In the case of shares of convertible preferred
into
___1686
.1684
-
block
a
option of the holders thereof, at anyttime, unless previously redeemed,
—1686
Exchange-———
Over-the-Counter
7,047,800
—
taxes
.
Stock
common
ercise
—-1684
—
Co.—Preferred
holders.
1684
Exchange—
Manufacturing
372,469
—
—
taxes for prior year
p.
•'
...
in the ratio of one new preferred share for each
shares held.
Warrants expired April, 12.
par,
six
Total of
position
159,
r.
2,444,708
capital stock and local taxes—
——*
Earned surplus
—V.
'
(par $100). This represents
portion of a total of 296,015 shares of
this stock recently offered to common stockholders, at,
4,878,376
—
♦Less
,
the unsubscribed
1683
Stock Exchange.——
St. Louis
Toronto
5,272,624
——
Reserves
Total
$56,379,586 $55,024,522
*
-
—
convertible preferred stock
1682
1683
•Pittsburgh
$22,474,586 $19,482,020
—.
Federal and Canadian
•
5,861,009
50,652
15,182,105
72,039
—
-
Accrued Federal
reserves
6,549,331
1,257,208
15,655,802
1345.
p.
82,082
275,075
54,402
—
accounts
stock
Exchange—
Exchange
Stock
The Course of Bank Clearings
taxes
81,865
271,641
—
loss
of investors
j_1681
J-1681
Philadelphia Stock Exchange ——————1684
90,372
s
Salaries, wages, commissions, and bonus—
Capital
J—
Exchange
Exchange—
Stock Exchange---——__*—1682
Los Angeles
Liabilities—•
Additional
Stock
1,757,618
-
Prepaid insurance, taxes, etc.
Payroll
7,833,467
._
—
-
722,587
Construction in process-—
Patents (less amortization)
Employees'
accrued.*—
liabilities—*-.
,6,532,443
2,150,010
—
Trade
and
1,763
94,291
77,516
54
6,542,254
66,662
——43
...
Placed—Blyth & Co., Inc., and associates, it was an¬
nounced April 17, have placed privately with a group
1676
Exchange-—-LA*--—
Detroit Stock Exchange——-
$2,524,906
„_
tPrcperty, plant and equipment
Emergency facilities (less amortization)—.
Total
Curb
Toronto Stock Exchange—Curb
112,960
:
—
liability—„——****——*
AUis-Chalmers
___1661
Cleveland
for
2,896,640
bonds.,:.—
—
(Stocks)
Cincinnati Stock
12-month
$4,436,802
Stock Exchange
Stock
Chicago
1942
receivable-*.—
—V.
York
Boston
profit
1943
banks, in transit and office funds—
Dominion
—
accrued
liabilities
Total
Quotations
York Stock Exchange (Bonds)-—.—1672
Baltimore
31
.
580,990
498,382
payable———*-
Unadjusted credits *
———,—
:*—»*..
Special approp. for additions to property—**. '
Issue
New
$394,128
$1.20
.
the
provided
Dec.
Assets—
This
New
in the
above statement will, ra the opinion of the company, cover any reduc¬
tion in profits due to renegotiation proceedings which may be insti¬
tuted by the Government for the year 1944.—V. 159, p. 833.
reserve
rents
tax
current
3,380,350
14,568,000
932,993
617,301
1,698
106,227
payable
wages
accounts
interest
Profit
period ending March 31, 1943.
The
and
$7,830,000
3,380,350
11,795,000
unpaid
matured unpaid—
Dividends
$7,830,000
-—-
matured
Interest
"
——
*—*—
—
accounts
Deferred
and provision for
or $6.09 per share,
to $1,998,337,
$4.92
or
$35,940,817 $35,688,287
1942.
of excess profits taxes,
taxes, post-war refund
reserves
as
and
Audited
Accrued
period ending March
normal
4,395,445
*
-
debt
Long-term
Other
31, 1944, the gross earnings
were
$8,710,036, as compared with $5,192,541 for the previous 12month period.
Estimated excess profits taxes amounted to $5,919,959,
and
19,944,037
-
Page
$1.28
—
715,300
$56,379,586 $55,024,522
-
«
stock
Ordinary
Preferred stock
Unmatured
1942
$420,987
—*—■
share—.
per
15,563
24 940
580,251
—
——,—
—
Unmatured
$1,467,389. *$1,185,503 !'
220,462
220,462'
824,610
570,913,
220,462
1,463,485
profits taxes—
1—
——
Stock and Bond
1943
$2,104,934
—
and. surtax——-
normal
Estimated
61.455
—44,999
1,186,330
**-
«*
Liabilities—
111,333
1,463,400
4,466,977
159, p. 1345.
,
1944
4
-
Estimated
61,156
110,177
1,463,400
20,145,859
,
—
31
Quarter Ended March
Earnings for
Gross
'!——
in progress.
to the Govern¬
for that purpose.
A
been set up for the
by the reserve set up
thought to be adequate has
31,274
;
__
,
the company is
of
business
1942
;
—
—
—
par)-
no
—
amount required to be returned
covered
which
reserve
the
of
that any
amply
shs.
surplus—-
Earned
364,675
1,077,424
—
—
Total
328,108
$9.13
1943 and $360,068 in
of $543,000 in
expenses—'—.
(1,463,400
Capital
$2,994,240
1,640,540
$6.08
—
refundable portion
Renegotiation
It is
outstanding—
share—
161,125
742,298
447,914
51,290
91,474
matured
Miscellaneous
328,108
$5.43
1,148,378
328,108
j
—
shares
per
131,157
int._
33,214
29,565
—
assets
assets
1,096,993
953,680
1,115,735
——
Unadjusted debits
$9,500,500
purch.—not rec'd.—
unclaimed
contingencies.—
stock
Common
Total
$1,782,921
1,148,378
$1,994,646
-
and
for
Reserves
$9,500,500
———_—-
—
secur.
incl.
supplies
current
Deferred
debt—
payable for
Accrued
—V.
Net
funded
Amount
360,068
year__———
for
Total
•
,
and conductors**
dividends receivable
Interest and
$35,940,817 $35,688,287
—
_
Liabilities—
—
(Dr.)—
receivable
accounts
and
—-—
—
balances
car-service
and
Material
■
—
Temporary cash investments
1942
$40,876,133 $40,499,544
2,478,331
2,232,193
8,000,000
6,004,544
108,021
2,715,007
-—
—
——
Other
——J,—
profit
Operating
1943
road, equipment, etc.
in
$2,544,240
cost——
obligations—at
Sheet, Dec. 31
Balance
General
Investments
————1—
.—*
Government
Accrued
3,210
$8,015,779
34,226
Cash
MISCELLANEOUS
-
Assets—
Mar. 31, '44 Dec. 31, '43
Copy
a
News
Sheet
Consolidated Balance
Comparative
INSURANCE
-
Assets—
1941
1942
1943
INDUSTRIAL
-
(& Subs.)—Annual Report—
Calendar Years—
Net
PUBLIC UTILITY
-
Cents
60
through the consolidation of four manufacturing concerns, one
which. Edward P. Allis Co., had been in business since 1847.
Subse¬
to 1923 the company's line of products^yas greatly
principally through the acquisition, from time to Jime, of the
quent
or
assets
Since
1937
providing
facilities
of
various
a
additions
cost
of
enlarged
business
companies.
the company has increased
gross
at
other
to
and
the capacity of its plants by
of manufacturing
After the entrance.
rearrangements
approximately $20,000,000.
nominal
three
plants costing to date approximately $25,700,000 which are now
being operated by the company,
In addition the Government has sup¬
plied equipment costing approximately $8,700,000 tor use in the com¬
pany's own plants.
Of the $295,935,665 of sales of the company for
other
and
is
leased
income
taxes, $6,168,802;
other liabilities,
has
stock
the outstanding 15-year 4% convertible sinking fund deben¬
i; 1952, have been called for redemption1 as of. May 18,"
1944, -at 104 and interest.:
Payment will be made-at the.City Bank
Farmers Trust Co., trustee, 22 William St., New York, N. Y..
V
time
the
full
the
receive
and
Leather Cos., Inc.—To- Pay
count of Dividend Arrearages—
Y
Y;*'
Amalgamated
h
The directors have declared a
accumulations
6%
the
on
of $7,300,000.
reserve
Prov.
incom¬
sub¬
any
with
by
purchased
them
severally
are
as
and as a
set up a
Y /. /v
v
Alex.
Brown
& Sons
.610
:
Laurence M. Marks & Co. ,610
H. M. Byllesby & Co., Inc.
.610
Mellon Securities Corp.— 4.000v
Central Republic Co. (Inc.)
.750 '-"V Merrill Lynch. Pierce, • \V'.
Clark, Dodge & Co...
1.000
-f Fenner
&: Bear.e
1.500
Dillon, Read & Co._
4.125
The Milwaukee Co
2.025
Drexel & Co
1.500
*
Mitchum. Tully & Co.____
.340
Eastman, Dillon & Co.— 1.000
1
Morgan Stanley & Co.~_ 4.125
Emanuel & Co.
.340
F. S. Moseley & Co._____ 1.500
Estabrook & Co.__
;
1.000
Pame, Webber, Jackson &
Butler,
Herrick&i Marshall
First
1.500
Putnam & Co.~_
.340
Reynolds & Cc
.750
Riter & Co.___—.610
E. H. Rollins & Sons. Inc.
.750
Chas. W. Scranton & Co.
.340
Curtis
.340
Boston
Corp—
4.000
Michigan Corp.__
.340
of
Glore,
Forgar. & Co.—~_ ,4.000
Goldman, Sachs & Co.— 2.500
Graham, Parsons & Co,_
.750
Hallgarten
&
Harriman
Ripley
Inc.
Co
Shields
.750
&
Co.,
•
.
&
Harris, Hall & Co. (Inc.) 1.500
Hayden, Miller & Co
.340
Stone
Hemphill. Noyes & Co.
Spencer
J. J. B. Hilliard & Son_
W.
E.
&
Weeks
Hutton
&
Inc. —___/—.
Trask & Co.—_
Tucker, Anthony & Co.__
.340
.
Union
.750
Johnston, Lemon & Co._
.340
Kebbon, McCorrnick & Co^ .610
Kidder, Peabody & Co.__ 2.500
Kuhn, Loeb & Co.
4.125
W. C. Langley & Co
.750
Freres
&
Co
Walker & Co,_—_
H.
-
Statement, Years Ended Dec. 31
less
and
allowances
of sales,
Cost
and
Loss
returns
from
expenses
&'accts,
notes
fluctuations
in
—
—
Gross
"12,285
47,739,953
income
♦Federal
excess
and
Wisconsin
before
Profit
30,405,556
3,250,000
3,400,000
31,500,000
18,000,000
income
taxes
1,810,469
appropriation—
Balance,
Dividends
Earnings
7,189,587
1,345,163
common
estimated
share.
credits
of
$2,000,000
for
$3,500,000 for post-war refund in 1943.
_
Balance
•
1,776.018
$3.34
debt
retirement
5,844,423
2,664.027
$3.29
in
1942
+To reserve for inventory,
post-war adjustments, and other contingencies.
Consolidated
5,923,993
8,006,369
2,220,023
$4.51
profit
paid
per
' *
.
Sheet, Dec. 31,
penditures.
vances
and
$2,743,088;
other
sundry
items,
$5,750,000;
debtors,. working
$989,563;
U.
S.
funds,
Government
expense
securities.
ad¬
$5,-
estimated post-war refund of Federal excess profits tax. $3,500,000: fixed assets (less reserve for depreciation and amortization
700.000;
of
$24,253,115), $28,353,001; patents, patterns, drawings and
dividend of 15 cents per' share
share on the common stock,
.
cents each; and Nov. 1,
;
' '•• :
Co.—To Merge With
goodwill,
Cr2,282
17,527
$192,297
$28,377
investments———//
188,033
159,578
142,311
49,387
43,451
Income:
inc.
■
55,671
—
before
<
realized
-
income
$132,362
$110,191
$98,860
_______
for
invest.—/
on
$206,799
$302,488
$127,23/
taxes
30,000
4,284
56,668
;
$176,799
/_/
realized
profits and losses
and
accrual
of
investments.
on
discounts
of
{/
.
Curtis
i
tAfter amortiza¬
bonds,
on
h
which
each
underwriter
.
10 V2
_Z
10
5.
Co
Revel
Miller
IVz
Stein
Bros.
Reynolds & Company——
,
5
Inc.—______
Co.,
&
Ohio
The
10
l
are
Percent,
Butler, Huff & Co
Joseph
&
the
has agreed
////
Name
Percent,
Jackson
_/_
1' ,L-'
;
$122,953
of, the several underwriters,
and
shares of capital stock of the company which
any
Webber,
ii
$245,820
names
Geyer & Hecht
6
Sutro
Cohu
6
Wulff,
First Cleveland Corp;
6/
Hincks
Loewi & Company _________
5
6
McDonald-Coolidge & Co.__
Buckley Brothers
—
Co
&
&
5
Boyce__
5-'
—
'
.
;
&
Torrey—_________
159,
&
Co.
5
Hansen
Bros.
& Co.——5"
&
Co.,
Inc.—
3
834.
p.
American Colortype Co. (& Subs.)—Increased Sales-
"
Quarter Ended March 31—
Sales
(orders
—V.
1944
$3,878,097
booked)__—__
1943
$3,485,994
159, p. 729.
American Gas & Electric Co. (&
Period End. February-
Subs.)—Earnings—>i't
1944—Month—1943
Subs. Consolidated—
s
Maintenance
38,3*1,969
34.5^5.99')
594,740
428,014
7,041,382
1,163,317
1,142,757
659,410
13,891,163
661,711
1,361,362
1,293,033
12,062,942
872,068
838.645
9,974,546
2.053,720
2,062,889
23,839,372
16,161
22,422
247,032
22,991.105
300,408
2,069,881
599,846
2,085,311
601,745
24,086,404
7,210,035
23,291,513
7,281,869
3,977
8,333
39,015
99,100
./_
income
taxes.
tax__
profits
exc.
Other
s
2.762,610
Depreciation
Fed.
$
9,187,357 113,479,241 105,270,993
revenue
Operation
♦Federal
1944—12 Mos.—1943
$
9,983,099
3,276,182
Operating
taxes
Operating
in. a
President,
Hardy,
•.
stockholders
that
will have
the most
'
Int.
».
stockholders dated
the
letter to
'
..
'
/
accurate information
income
Other income
income
of
acquisition
5,783,57
13,451,809
7,203,952
7,774,867
11.631,080
9,673,480
income.
also V.
>59,
p.
Hall-Scott
80.599
754,351
323,692
323,692
3,884,099
1,070,944
12,109.948
11,569,288
9,764,698
9,627,^19
Bal.
for
earn,
com.
1,085,810
//
■
stocks
/_/
Divs. on com/stocks—
Undistrib.
;/
/
of
net. inc.
1,085,810
1,070,944
2,345,251
1,941,569
1,085,810
consol.
subs,
1,070,944
2,345,251
1,941,562
Amer. Gas & Elec. Co.—
Undistrib.
of.
net
income
subs./ as
Inc.
above
Amer.
of
&
Gas
Elec. Co. from subs,
consolidated:
Divs,
on
Divs.
Int.
.Other
(par $5).
of
Stockholders
stock
shares
Jackson & Cur¬
.
..
record
$11
at
held.
per
March
10
were
given
the
54.165
advs.
63,337
&
Present Financing
Authorized
shares
100.000
such
to
proceeds,
the
capital
share for each
April 20
Outstanding
300,000 shs.
the
Of
rate of $5 per share,/will be allocated
and the balance will be allocated ..to
(par $5)——400,000
Purpose—The
shs.
proceeds to the company from the sale of
of capital stock will be approximately $1,055,000/
net
at the
account,
$500,000,
stock
surplus.
for
of this financing is to increase the capital ,and surplus
the company to
enable it to, (1) meet the, capital requirements
admission to .transact business in all of the/states and territories
of
the
The
•
of
to
purpose
and
a
general
joint
the
(3)
quota
a
issue
to
stock.fire insurancec company
inland marine insurance business,
the company to cover related risks
company is not:permitted to Insure;
of its'business without resorting to
organize
fire and
policy with
company as a casualty
retain a larger portion
transact
and
which
(2)
States;
United
share reinsurance.
a
t
Business—Company, Pennsylvania's oldest multiple line
company,
has been in business almost 42 years. ..It
has h perpetual'charter, authorizing-it to transact a general casualty
insurance and bonding business, including accident and health, auto¬
mobile
public liability and property damage, burglary, fidelity and
surety, plate glass, workmen's compensation and public liability. and
property damage insurance.
It has, from its inception, operated
through established insurance ,agents and. brokers and strictly adheres
to the principles'of the American Agency System./
.
,i.
In addition .to business acquired through direct reporting agents, the
company
at Chicago, 111.; Philadelphia
Cleveland, O.; and 13 service
has five branch offices located
and/Pittsburgh,: Pa.;
649,978
70,258
762,165
3,619
33,840
28,574
1,198,986
13,555,931
13,067,028
income
Newark,
N,
J.;
Gen.
taxes
net
&
-
-
809,189
expenses,
17,854
17,622
1,187,915
1,131,364
deducts.
88,353
;
—
—
Balance
Int.
&
Divs.
250,932
12,808:C
1.093.784
■-
Crl,295
'90,640
64,711
1,066337
taxes—
567,922
642,.5&3
140,767
140,767
1,689.209
1,689,209
stock__
960,089
835,246
9,949,613
.9,382,545
income
pfd.
cn
282,850
13,273,081
stock—
miscell.
Federal
Bal.
for
com.
10%- post-war credit, part of which is to .fee
currently realized as a result of debt retirement.
If Federal income
and
excess
profits taxes for the year 1942 were to be restated/to
reflect the provisions of the Revenue Act of 1942. as'enacted in October,
the
tax
charge ior the 12 months, ended Feb, 28, 1943, would' b
$18,030,510 instead of $18,835,032.
J
♦After
deducting
the
*
Note—The
Internal
Revenue
Code
has
permitted
the
D
amortization
certain facilities of three subsidiary com¬
panies, that have been certified by the War or Navy Departments as
necessary in the war effort.
The subsidiary companies do .not record
the amortization on their books, but, in addition to normal depreciation
over
period
five-year
a
of
they have charged income deductions and credited a
these facilities,
on
special reserve with the resulting tax decrease.-
Debentures
There
the
have
Called—
been
called
for redemption
sinking fund $800,000 of sinking
as
of May 22 for account o
debentures due:Jan/1,
fund 2%%
of sinking fund iVz% debentures
due Jan. 1, 1960, at- I03Va and interest, and $120,000 of sinking fund
3%% debentures due Jan. 1. 1970, at 103% and interest.
Payment will
be made at the Guaranty Trust Co., trustee, 140 Broadway, New York,
N. Y-.—V. 159, p. 1546. •
' '
1950, at 101% and interest, $100,000
.
American
The
annual
quorum.
Distilling
meeting
was
Co.-—Meeting Postponed—
again
postponed
'The meeting is now scheduled to
Federal Judge J.
entered
an
order
until May 20,
I
I
649,978
54,165
2.457
bonds
•
right to subscribe
share in the ratio of one new
Rights expired
Capitalization Giving Effect to
Capital stock
9,627,719
9,764,698
com.
stocks
pfd. stocks—
1,205,769
on
on
T
Reading, Pa.—Stock Offered
tis," McDonald-Coolidge & Co., Reynolds & Co., Cohu &
Torrey and Buckley Brothers are offering at $11.25 per
share the unsold portion of 100,000 shares of capital,
two
3.884.C
1033.
—Huff, Geyer & Hecht, Paine, Webber,
to the
456,25
24,871
stocks—
connection
in
stock
88,956
31,684
deducts.__
pfd.
on
-.-V*
plant
adjusts.—
of
&
int.
Divs.-
debt-
elec.
Reservation
Other
__
_________
funded
on
Amort.
History and
on
at cost less premium.
a
casulty-surety
1943
hand, $30,186,169', U. S. Government'
notes and accounts receiv¬
able, trade (less reserve for doubtful notes and accounts' receivable
and cash discounts of $4,200,000), $38,958,429; inventories, $79,205,788;
amounts collectible from U. S. Government in 1944 for special ex¬
Assets—Cash in banks and
securities,
v"
per
159, p. 345.
American Casualty Co. of
647,548
7,195,086
1,271,094
4,381,074
27,904
Total
5,225,000
2,483,584
10.506,369
2,500,000
profits tax_____
4,888,478
$74,437
premiums
Paine,
Motor- Car/Co.—which are
advanced to a point where a definitive
estimate of their effect cai) be embodied in the financial-statements.
Therefore, the directors' have concluded that it is advisable to
hold the annual meeting of stockholders for 1944 at a time later than
is customary.
Accordingly, the directors have/amended-the- by-laws
so that the annual meeting will be held on July 27,
1944..
/
At that meeting there will be presented a plan--for the., merger
of American Car & Foundry Motors Co. into The Brill Corp. and for
recapitalization of the latter.
It is planned that notices of such
meeting, together with copy of the plan and proxy material will be
mailed at as early a date as possible, probably the latter part of June.
By similar action the directors of The Brill Corp. have also fixed
the date of July 27, 1944, for the annual meeting of that company.
3.375,000
taxes
other
cents
10
renegotiation proceeding—by
now taking /place,
shall have
16,437,135
less prem.
expense,
tAppropriation
♦Less
577,600
41,549
10,685
600,000
Huff,
-
with their review of the proposed plan for
merger and recapitalization/it is the opinion of the directors that
it
is
desirable
to
delay
submission of the annual/reports
until
1,353,437
1,170,582
2,086
1941
$4,426,978r
$5,078,493
5,419,142
credits
or
profit-
Name
./:
;/
/
Corp.—Annual Meeting Postponed—
J.
order
possible,
17,305,423
703,215
144,925
5.471
14,677
;
profit
Federal
and
2,161,856
:
deb.
of
said in substance:
April 17,
15,951,986
31,636,989
600,000
.
loans
Amort.'of
Charles
/
.
29,475,133
,
V
.
.
1, May 1 and Aug..2, 15
Feb.
follows:
Brill
The
6,046
47,204,803
of
Gross
96,640
2,318,503
Other
Apfcil 14 declared
on
dividend
extra
as
—See
Cr5,214
Cr41,436
of
underwrit.
expenses
percentage
for a total gain/of nearly a
1
•
' ''
American Car & Foundry Motors
- •
,
49,523,306
income
•
'
year-end of 35 cents.—V.
a
91,802.151
14,082.974
—
Interest—Debentures
Bank
;
234,304,206 152,259,328
14,433,615
14,171,366
34,477
62,896
income
Total
$
.
foreign
rates
Operating profit
Other
.
at
growth
1942
$5,521,483
'
ex¬
payments. "•*
-
295,935,665 195,963,510 121,939,793
,
doubtful
exchange
were
including depreciation
general & admin,
for
S
.
—
—
development
Selling,
Prov.
discounts,
1941
1942
$
sales,
■;
.750
4.000
1.000
Inc.
Dean Witter &; Co..
1943
Gross
—
The Wisconsin Co
1.500
Income
Consolidated
Weld & Co
White.
Whiting, Weeks & Stubbs,
___
Lazard
Securities Corp.—
G.
1.500
Co
&/Webster and
Blodget,
.750
and
such
1943 /
/ not purchased by stockholders,
to purchase, are as follows:
:
$5, both payable May 1 to holders of record April 20. A distribu¬
tion of 15 cents per share was made on Feb. 1, last./ Payments in 1943
In
.340
.* ■;
2.500
.750
.750
2.500
.610
1.000
present
dividends
of
par
.750
Co.—________
the capital
on
the
condition
warrant
,
.
1—
chgs.
Underwriters—The
American
by
—.
Bros. & Boyce
Stein
earnings
incurred—
from
profit
net
♦Before
tion
.
Barge Line Co.—Extra Dividend—
directors
an
financial
the
is
the outstanding capital
iss'ued, so long as the
on
to' be
shares
It
,
,
The
.
expenses
°Net. profit
over
•
flown
American
and
affect
annum,
payment
the
annum
per
current
profits and losses
Provision
»
.
r'
('
share
per
declaration.
.
during January and February of, this
year has risen from 2,553,188 pounds for the first two months of 1943
to
3,280,095, representing a 28.5%
increase.
Express /pound miles
flown have climbed over 13%.—V. 159, p.--1441. /..//•/ •.;/"/
/.y L '■ • ...... .;//■(:>
v'V' v-"Vv„
i
and
invest,
♦Total
mail
1
Express
Barney & Co.—— 4.000
Smith.
4,000
—_
Hornblower
.
.750
Farwell, Chapman & Co..
First
billion.
/
*
—V.
Rheinstrom, Vice-President in charge of.
pound mile figures have increased 40.3%
,
the
share
per
of
continue
additional
adversely
lrom
♦Net
pound figures for the first two months of
the same period last ;year,: according to
traffic. The corpo¬
ration carried 4,869,381 pounds of mail through Feb/29, as compared
with
3,426,209 pounds for the corresponding period of 1943.'
Mail
Percent
Lee Higginson Corp._f.~_ 1.500%
Lehman Brothers
~4.000//•
Carl M. Loeb," Rhoades &
Co.
_—/ 1.500
Loewi & Co
.340
to
Airlines, Inc.—More Mail Carried—/•
Airlines'
*3944 have climbed 42.1%
A.
cents
dates
per
the
and
Investment
;; /
American
Charles
losses
tlncoine
$1,053,751 ' $1,280,756
$1.68 / .'■;■/$2.04
;
-
American
follows:
Percent
Blyth & Co., Inc
10.000%,
A. C. Allyn & Co._
.610
" '
Baker, Weeks & Harden,
.340
A. G. Becker & Co., Inc._ 1.000
929,
p.
_/__/
profit
not
Investment
t
of the principal
names
Fed.
will
Statutory
$1,169,983
Earnings, per common share___—__
■
$1.86
♦No provision necessary for excess profits taxes,
tlncludes excess
profits taxes of $1,400,000 less post-war credit of $140,000.—V...159,
Net
underwriters and the per¬
centage of the unsubscribed shares of convertible preferred stock to be
Underwriters—The
for
cents
Misc.^ underwriting
$2,130,7.56 $2,217,983
*850,000 .♦1,048,000
$2,698,751
tax.-partially est;___tl.645,000
60
60
the
at
company
Underwriting Income:
premiums earned
conv.
profit ;J//^-i—/—_—-_/i__-
Net
of all work completed prior to termina¬
and an
many items in inventory and on order not readily salable,
possible safeguard against this contingency the company has
■
account of
dividend of $1 per share- on
cum.
of
company
Net
,
Substantially all of the company's war production contracts can be
-terminated by the buyer independently of any default by the. company.
Most cf these contracts contain provisions under which the company
Because of the present volume of war business
stantially more material is ordered than would be -normal, and
sudden termination of the war program might leave the company
admitted
and
since
Net
.
—
products.
volume
:Summary of Profit and Loss Statements for Calendar Years
$1 on Ac¬
preferred stock, par $50, pay¬
able June 1 to holders of record May
15, and the regular quarterly
dividend of 75 cents per share on the same, issue, payable July 1 to
ammunition hoists, submarine hatches and doors, gun slides, breech
holders of record June 15.
Payments so far 'this year have been as
blocks,
main and auxiliary marine turbine motors and generators,
follows:, Jan. 1 and March 1, $1 each; and April
75 -cents. The
electrical control apparatus, bilge pumps, military tractors, high speed;
/dividends just declared will reduce arrearages on thb preferred stock
crawler
type artillery prime movers and special machinery for the
to $8 per share.—V. 159, p. 441.
\'\Y
Y ■"
production of synthetic rubber, high octane gasoline, aluminum and
magnesium.
Miscellaneous products such as main propellor shafting,
American Agricultural Chemical Co. (Del.) (& Subs.)
rudder stocks, stanchions, davits, forgings, engine mds; engine frames,
cylinders, and crankshafts are also made in large quantities.
Company
—Earnings—
' > YY/-Yy''
also manufactures a number of secret products which it is not per¬
Nine Mos. Ended—
/
Mar. 30, '44 ' Apr. 1, '43 / Apr. 2, '42
mitted
to disclose.
Gross profit from operations—.—
$3,845,649 $3,325,804 $3,515,208
Company estimates that approximately 59# of its sales in 1942 and.
555,937
632,613
629,827
Gen. oper. and admin, exp
—
78% in 1943 represented sales to the Army, Navy and various other
57,183
41,214
', 179,663
Prov. for losses, etc
governmental instrumentalities under prime contracts or subcontracts.
Company sublets substantial portions of some of its war production
$3,1232,530 $2,651,976 $2,705^717
Net profit
contracts.
As of Dec. 31, ,1943, .company had unfilled war production
455,649
444,649
435,110
Depreciation of plants
contracts
of approximately
$300,000,000.
The greater part of the
44,229
" 41,805
22,826
Depletion of mines
/___——
present business of the company is subject to renegotiation under the
33,900
34,766 /./
29,799
Reserve
for self-insurance—/.
Sixth Supplemental National Defense Appropriation Act of 1942.
pleted
written
rate of
the
including
same
the
at any
the re¬
/YY/'.// ':Y:;//Y/ ,,//'Y//■■
may
of
rate
stock,
surrender their debentures
redemption price plus interest to
these debentures
of
demption date.—V. 159, p. 1441.
.
provisions designed to provide for payment of cost
allowance for profit to the company on account of material and
been
outstanding
pectation
All of
Holders
,-*• . ?/_
War products manufactured by the company include (in addition to
many of the peace-time products) airplane superchargers, gun mounts,
and
has
the
Operations—The full resources of the company have been
of the Government since war became imminent, and
through its research, experience and facilities' the company has con¬
tributed and is now contributing-much to the armed services in new
tion
steady increase in premium
a
the
extension of operations
This
1
ducing
Redemption—• /Y.Y,/-
Calls 4% Debentures for
disposal
is to be paid the contract price
this time.
at
incorporation in 1902 the company has written insurance-pr/jnet premiums, of $60,145,863, approximately 53.6% of which
business
and employer's liability insurance,
contingencies,
tures due Sept.
improved materials,r
in
agents
.
corporation,
"products, new methods and
resulted
Since
War-Time
the
and 3,800
the District of Columbia and Territory
assets.
,
ari^v
Company., has gradually extended its operations .from 19 states
the District of Columbia through approximately 1,800 agents at
of' Alaska
post-war adjustments
C.;
Columbia, S.
C.;
.
,
beginning of 1939 to 38 states,
.
Raleigh, N.
Va.;
notes
subsidiaries, but has two small foreign
owned: Allis-Chalmers Rumely, Ltd., a
handles.the sales of various of the company's
products in Canada, and Allis-Chalmers de Mexico, S. A., a Mexican
corporation, handles certain sales in Mexico,
at
W.
Youngstown, Cincinnati, and Findlay, O. and Nashville,
■
-V- '>■
•//,,>
Tenn.
reserve
$1,420,699; reserves for inventory,
Charlestown,
Md.;
Detroit, Mich.;
•
Pa.; Atlanta, Ga.;
located-in Allentown, Erie and Wilkes-Barre,
Baltimore,
1936, the year in which'the present
$8,140,061;
.^management assumed "control.
r
1
- *
ii
payable, due Aug. 10, 1946, unsecured under bank.credit agree-,
Dividends—^Dividends were paid on the capital stock of the company
ment, interest 2%%, $50,000,000; 15-year 4%. convertible sinking fund
,».in each year from 1907 to 1931, inclusive. Payment of dividends was
debentures, due Sept. 1, 1952, $15,000,000; capital stock outstanding
suspended from 1932 through 1938, and was resumed ip 1939.> In that>"
(1,.776,092 shares, no park/$43,124,682; earned surplus, $22,166,758;
total, $197,521,361..'■././-"
>•
'■
' Y'Y, "Y. /year, and in each subsequent year, the company lias paid quarterly
dividends at
other
and
Company has no domestic
subsidiaries, which are wnolly
Canadian
offices
■
,
for Federal income , and .excess
profits taxes (less U. S. Treasury notes, tax series, at cost plus accrued
interest of $32,052,000), $6,838,712; estimated refunds-on'sales billed
under Govt, contracts, $7,002,839; partial collections- on contract, $1,419,114; interest accrued on debentures, $200,000; sundry accruals and
the company.
to
^including
State
„
Government
assets,
payable, trade, $15,017,570; accounts payable,
Federal taxes withheld from employees), $1,748,833;
payrolls accrued and payroll orders outstanding, $3,870,038;- reserve for
completion of. contracts billed, $15,403,254; general .taxes, r including
approximate^ $250,000,000 represented sales of products manu¬
factured at plants owned by the company and manufactured for the
company
under sub-contracts.
The latter' amount excludes sales of
products manufactured in plants owned by the Government, but in¬
cludes products, the amount of which cannot be separately ascertained,
manufactured in part tvith Government-owned equipment located
in
-the company's own plants.
One of the Government plants operated
substantially the full year 1943, another thereof only a portion of the
year, and the third was not put into production; until 1944.
The manufacturing operations of the company are carried on in its
own plants located at West Allis, Wis.; Springfield, 111.; La Porte, Ind.;
Norwood, Ohio; Pittsburgh, Pa.; LaCrosse, Wis.; Boston, Mass., and
Oxnard, Cal.
In addition the company .now operates one plant in the
Town of Greenfield, adjacent to West Allis, under lease from Defense
Plant Corporation, and two plants in West Allis under contract with
the Government.
A small plant in Springfield, 111., was remodeled by
the
other
$1;
charges,
$1,386,124; ,' deferred
total, $197,521,361.
Liabilities—Accounts
1943,
.
amount,
$749,198;
erected and equipped
of the United States into the war the Government
Monday, April 24, 1944
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1650
because
of
lack
of
a
be held May 12.:
LeRoy Adair on April 20 signed and
Peoria, 111., permitting extension
at
of sale and distribution of the company's
Volume 159
Number 4275
THE COMMERCIAL & FINANCIAL CHRONICLE
Marietta
'whisky to stockholders of the company at cost price, the
Associated Press reported.
have
.
$,V
State of New York Authorizes Whisky Dividend—
crease
<
The State Liquor Authority of New York on April 19
granted stock¬
holders of the American Distilling Co. permission to import whisky into
(New York State under the company's dividend plan.
Under
this plan stockholders will obtain permits from the State
•43
■eral
Owneis of
than
more
-
stock
of
get
may
a
the
Manager.
.
.
which
nishes
'hardware
30.87t>
pose of the'whisky-dividend through the usual licensed channels,
'•
'The State of Virginia, it is announced has become owner of
of American Distilling Co.'s whisky and 29,200 shares
making it the company's
of
Period'End.
March 31—
Sales
its
1
proposal
the
Robert
dis¬
are
whisky at cost price.
Col.
Bollington
•*
'
'
:
revealed
that
Virginia,
port—
The
tions,
tial
Co.—Hearing On Sale-
to
the
the
to
provisions
of
%
five
minutes
and
Net
most
-call.
of
of
Sell.,
effect
1941
1940
get
of
the'number
1944,
period
last
"
possible
to
refrain
from
armed
when
at 6
services
lower
have
long
instead
p.m.
7
&
revenues
&
adminis.
inc.
taxes
•
Other
10,711,408
10,635,843
11,871,003
156,253
172,579
•
57,814,000
A plan
ing
tric
Net
86.005
income-
operations
15,967,652
25,190,370
25,260,560
9,418,611
Interest
credits--
2,081,026
1,908)533
2,229,485
2,160,763
Other
income
income
income
57,850,593 209,539,000 212,974,972
26,793,599 1 27,170,000 103,281,763
47,468,000
67,541,771
2,481,187
10,127,000
9,120,585
24,774,000) 33,030,853
5,816,000
8,641,307
38,643,050
161,482,000
4,819,000
Dr669,000
due in
and 1978.
1973
in
outlined
some
the
AGECO
subordinated
of these
creditors
or
stockholders
as
such,
treated as holders of unsubordinated cred¬
are
claims.
The
only
■
of
class
8%
securities
bonds
due
in
receiving priority treatment are the
of which about $8,000,000 are out¬
1940,
Vv-'
'
'
;
i.
Gross
income
'prop,
27,098,903
27,490,045
11,579,375
546,462
338,621
1,351,425
1,148,747
625,547
296,887
1,080,000
1,500,000
1,000,000
226,229
269,669
369,366
-
Prov. for
conting-
income
ItPfund
charges:.-
resulting
of
reneg.
$5)
.(par
the
to
AGECORP
participating
New
of
8s
each $100
1940
security
the
at
face amount
of
stock
common
4,765.704
5,821,208
*8,795,174
7,094,024
6,098,074
•7,780,988
11,228,475
4. Surplus
2,024,731
2,024,652
3,262,546
h
t.H-^After
$182,086.
scrip,
for
tOn
JAfter
the
Bell
2,868,713
.V 3 Mos. End.
2,868,689
4,016,126
717,159
2,887,568
5,187,697
$2.01
$3.21
post
of
common
refund
war
and
'
S't
expenses.
&
rate
to
holders
of
$102.56
distributed
be
of
the
old
the
to
other
(less
(less reserves)
Finished
and
accounts—
13,080,920
721,641
15,003,869
738,557
137,198,958
130,853,477
220,131,845
9,896,267
5,779,818
52,983,647
in-process
Raw
materials
and
•tRolls,
moulds,
stools,
Materials
in
20,878,527
19,874,890
-,3,669,263
634,533
subs;
21,412,823
4,321,332
tProperty,
(Goodwill
8
I-
products
.„
supplies
etc,
(less
reserves)
(net)
plant
and
^'Deferred
.
transit—
investments
C
1
"233,061,665
225,911,663
12,932,314
51,158,335
51,454,279
—
951,155
payable (foreign opers.—
503,169
"7" Other
".Other
—
1,171,407
1,188,936
2,623,928
2,474,575
Current portion
2,250,000
2,082,046
506,183
506,183
'-■tHvs. payable
on
debt
pref. capital stock
——
funded debt (less current portions)
17,750,000
1 Current, operating .reserves—1,521,446
,insurance reserves
360,024
3,580,000
1,225,575
.161,432
44,993,000
71,739,009
4,795,002
17,630,275
^attied. surplus
in
for impairment of investment of
1942.
fLess
reserves
for
$2.21
$2.40
$9.34
,
104,427
The
56
$8.98
•
Conversion
call
for
of
synthetic
./■•—
total
a
v.
Va.,
plant,
pounds
of
which
stock.
common
earnings
have
in
worked
broad
the
to
out
outline
plan-contemplates the
which
retirement
program
would
W
rapid
it was
of
any
be
con¬
■
of
the
company's
new
sales of
trustees
properties.
estimated
On
that
requirements
the
basis
of
the
reconstruction
earnings of the new
than nine times in
more
company
the first
cover
cents
in. the
share
a
first
to
year
about
60
cents
ten
after
years
that probable
dividends
.
the SEC said, pointing
necessarily would have to re¬
arrange its assets and capital structure under the requirements of the
Public Utility Holding Company Act of 1935.
,.out,
of
however,
The
•
SEC
that
added
the
new
that
it
company
be
would
"in
position to
a
that divest¬
see
income-producing assets are effected in such a way that they
prejudice the financial integrity of the company or the right
of its creditors and security holders."
The plan next goes to the District Court in New York for approval
before it is submitted to creditors for their acceptance or
rejection.
If approved and accepted as required by the
Bankruptcy Act, it will
be brought up for final confirmation.—V, 159, p. 1346.
'will not
announced
; -;
cord
enlarged
annually.
.
pounds annually of
production of this type of yarn about June
will produce approximately 6,000,000
'
;
to
The
make
pounds
of
Associated Public Utilities Corp.—10-Cent Dividend—
The directors
facilities
new
yarn
last year,
1,
April 13 declared
stock,
April
Oct.
19.
no
par
similar
A
and
April
on
a
value,
dividend
payable
distribution
15
was
and Oct.
of
10
April
15,
cents
29
made
to
1942.
share
per
holders
April
on
1
Service
Co.,
certificates of
or
deposit issued in respect of such bonds,
who
have not exchanged them for common stock of Associated Public
Utilities Corp. in accordance with the Amended Plan of
Reorganization,
dated May 1,
1937, of Utilities Public Service Co. will receive the
dividend
payment
shares
,50
of
annually and will complete conversion of equipment for this purpose by
May 1.—V. 159, p. 1346.
:
for
deposit)
upon
each
only
the
$1,000,
after
stock
issuable
principal
surrender
of
to
amount,
their
them
of
bonds
(in
bonds
the
or
ratio
posit to the Huntington National Bank of- Columbus,
158, p. 1030.
$659,341 in 1943 and
and depletion of
p. 1034.
depreciation
Power
week
of
output
ended
of
April
the
15,
of
de¬
Columbus, Ohio.
1943.—V.
Atlantic City Electric Co.—To Redeem $6 Preferred
,
electric
properties of this company for the
totaled 83,271,000 kwh., an increase of
for the corresponding week
1944,
the
over
It
all
output of 178,849,200 kwh.
159,- p. 1547. r
is
of
crued
announced
its
Arkansas Power & Light
The
,»
"^'•'
ing
Acquisition of the 67-year-old Sewall company with plants in Kansas
City and Dallas is part of an over-all expansion program that will in¬
clude the construction of new factories and improvements and enlarge¬
ment of present facilities when restrictions are lifted, the announce-
be
the
The
t;
.
Power Commission
scheduled
account
made-by
COrp.
•
Federal
previously
mine
..
the
has
April
17
company,
a
subsidiary
approximately $64,000,000
of
Electric
Power
&
•
■
order of the Commission for the company
company
preferred
will
<
a
stock
will
stock
be
redeem
at
$120
at
made
the
is planning
a
new
dividend
to
issue of
on
the
-
011 .May
15, 1944,
share, plus ac¬
Cfiemical Bank &
per
159, p. 1548;
Co.—Plans Stock Dividend
The, company
par and create
as
an
the
Redeem Preferred Shares—
to
Light
$6
Payment
165 Broadway, New York, N. Y,—V.
Autocar
postponed to May 17 the hear¬
in Little Rock, Ark., to deter¬
adjustments'involving
hearing relates to
The Commercial and Financial Chronicle
for
Co.—Hearing May 17—'
that
outstanding
dividends.
Trust Co.,
"Expansion of this company into the Southwest through the purchase
*\br' the Sewair Faint & Varnish Co. was announced on April 13; by
:1Grover M. Hermann, President. '
'
on
Common—To
'
redeem its
$3
preferred stock
convertible preferred stock
common
stock
for
the
to
of
$100
be issued
1944, R, P.
Page, Jr., President, stated at the annual meeting of stockholders held
year
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N; Y., BEekman 3-3341. Herbert D.
Seibert, Editor and Publisher;
0
Ptii William Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising
issue) with a statistical issue on Mondavi. Other
pffices: 135 S. La Salle St., (Chicago 3, 111. (Telephone: State 0613), in charge of Fred H. Gray, Western Representative; 1 Drapers' Gardens,
London, E. C., England, c/o Edwards & Smith. Copyright
1944 by William B. Dana Company.
Reentered as second-class mfatter February 25, 1942, at the post office at New York, N. Y., under the Act of March
3,. 1879.
Subscriptions in United States and
£
Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year; South'and Central America, Spain; Mexico and Cuba,
$29.50 per year; Great Britain,. Continental Europe (except Spain), Asia,
Australia and Africa, $31.00 per year.
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign
subscriptions and advertisements must be made in New York fundi.
-
of
certificates
certificates
or
—V.
American Watei? Works & Electric Co.,
Inc.—Output-
't American-Marietta Co.—Expansion—Sales Up—
'
of
and
.
Holders of five-year convertible secured gold bonds of Utilities Public
*.
before the
cord
on
common
record
Pa., plant,
approximately
tire
the
on
manufacture
expects to commence
1." The Marcus Hook, Pa;,
plant
5.60%
»
a
The
company.
reconstruction
a
and
later time.
a
new
production
equipment
to
tire cord yarn,
22,000,000
new
subsidiaries would be necessary
ments of
rubber; tires,
is; being
tire
rayon
trustees
of
of
reorganization.
Actually, it was thought
would range between 30 and 40 cents a share.
The estimates appeared reasonable enough,
;
■■■'■
annual
flow
feasible
detail at
$37,500,000 of
the
Is
.
44,993,006
This marks the fifth .company purchased by American-
Corp.—Completing
,
the
and
rehabilitation
interest plus debt requirements more than two times.
They estimated that net earnings on the new common stock, be¬
fore debt retirement, but after interest and taxes, would range from
167,867,014
at this plant will be in
complete operation, it is expected,
end of the first quarter of 1945.
The company's Lewistown,
which ' is
converting
existing
784,147
$65,491,822 in 1943 and $57,184,181 in 1942.—V. 159,
-.^mept said.
175,108)985
.''J———
Royal,
82,000,000
358,842
2,500,009
190,010,021 200,155,212
^
—
reserves
Front
16,425,647
'
44,922,897
manufacture
18.
plans
that
program the
would cover interest
6,590,370
by the company of
approximately 110,000,000 pounds of higher-strength rayon yarn for
use
in tites.
This Represents nearly one-half of the
approximately
240,000,000 pounds of rayon tire cord yarn planned for in the War
Production Board's program.
.V
>
The greater part of the company's output will be produced at its
4,795,002
cumul, pref. stock ($100 par)
|"Common Stock ($25 par)_.._—
fCkpital surplus (paid-in)—
for the
Final
71,739,009
....
.——
Deferred credits
-
24,827,954
: 1,266,423
—
fReserve for contingencies..^..
qGther, reserves
:
Tel
corporation
April
on
2,500,000
13,457,633
accrued taxes —
Accrued salaries and wages, interest, etc
of funded
6,794,345
41,635,156
Viscose
are
to be .slightly more
principal, and about one-half share
of principal of AGECO's convertible
approving the plan-as feasible, recognized that
reasonable
a
appeared
year, and
Tel, Co. stk
and
1,067,068
—
9,584,481
_______
1,635,354
$100
"bank loan and debentures through the application of earnings and pro¬
174,457,384
rapidly completing installation and conversion
of .equipment for
producing higher-strength visco.se> rayon yarn for
,use in tire.cords and fabric, as part of the War
Production Board's
program
to provide sufficient rayon for airplane and
military tires
8,372,529
1,193,077
''Refund pay. resulting from reneg. of war contr.
income and excess profits taxes payable
181,903,330
said
ceeds
Co./stk.^.i
American
,711,791
8,422,012
permit
which
Tel.
Equipment—
Accounts payable:
debentures
new
sidered in
excess profits tax credits of
10%.
tlncludes pro¬
portionate interest in earnings or deficits, of Western Electric Co. and
.all other majority-owned subsidiaries not'
consolidated (partly est.).
—V. 159, p. 1547.
"
>.
• •
190,010,021 200,155,212
}—Trade
to
of
1,608,520
Am.
and
shares
assets insufficient in value to. permit them to participate.
that the initial capitalization of the new company
$52,400,000 consisting of $7,500,000 of new senior debt, $7,-
400,000 of
^After deduction of
The
% Notes and overdrafts
.
59,490,565
46,558,251
1983
2.14
estimated
total
.substantial amount of
1
1,137,209
;
will
consol.
share—Am.
&
101,438,786
patents
stocks
to
Tel.
Per
10,418,995
93,844,032
equipment
&
;
Liabilities—
$606,227
1,375,809
55,627,717'
—.
.
— Total
!t<!f>['^0tai
^Less
2,644,070
by public
Applic.
•i-
19,789,834
9,929,450
and
charges
.
AVafo
58,114,756
43,243,676
to
of
held
—
is
It
205,865,938
The .Commission in
Applic.
1,315,104
'
doubtful
have
tates
•;
223,165,398
income
in
Other securities of AGECO, including convertible debentures due in
2002
and preferred and preference stocks not in the hands of the
'original holders, are to receive nothing, inasmuch as the bankrupt es¬
•<'
•
750,000
1,611,935
779,480
for
reserve
^ '
239,569,976
.,
due
receive
certificates
of
$100
each
to
are
the district court.
by
debenture
each
about .2 Va
debentures
debentures
creditors
due in 2002,. preferred stock and preference stock, in the
"original holders" as defined in the plan.
The "original
formerly held AGECO convertible debenture certificates which,
they contend, were illegally converted by AGECO into the securities
they now hold.
•
•
Feb. 28, '43
excess
7,908,200
1,609,165
for
share
distributed for
for
participating
for $100 of principal
shares, the AGECORP
interest
income
General
allowed
Thus,
about 6V2
fixed
sinking fund
claim
the
hands, of
16,124,092
5,496,000
of
of
4%
plus interest of
holders"
12 Mos. End.
Feb. 29, '44
y'^
.
companies.
obligations
L:
SEC
'"Notes and accounts receivable:
Other
•
income.
oper.
Total
1942.;;:;,;
;
—
be
to
AGECO
shares.
convertible
one
is
.
16,725,437
Trade
AGECO
than
or
AGECO
creditors.
to be given
are
shares,
two
$100
profits-
12 Mos. End.
^
and
each
for
1,672,047,117 1,503,399,920
284,028,345 243,797,188 1,072,112,785
946,548,660
$
.United States Treasury tax notes
'
general
and
three
about
tDoes -not
60,993,077 ' 60,390,154
&—34,167,007
33,069,330
taxes
Net
'
States Treasury bonds
"Other, marketable securities
•
shares
$8.67
10%
holders
about
;1986
principal telephone subs.)
profits- taxes
Other
of
undivided
12,384,041
;
1943
&
;'78s
432,172,076 395,371,428
,.
'"United
and
Feb. 28, '43
W"'
¥Fed., inc.
including
retirement- of
Comparative Consolidated Balance Sheet, Dec. 31
"Gash
1
stock,
debt
Assets—
in
*
Co.
-
Operating
$727,515 and post-war refund
shares
2,869,560
for
of
•
revenues.
$1.96
retirement
•
Operating
3,663,009
$1.42
' i'v
iO«458,629.
'
$8.86
credits
3 Mos. End.
Feb. 29, '44
'''
tax
interest
!
outstanding 8s of 1940.
is
'of the AGECORP '73s
24,490,705
System Consolidated Earnings Report
•(American Telephone'& Telegraph
1,204,628
debt
credits
2,506,911
,
'
credits
$2.28
of excess * profits
company's proportionate
subsidiary companies.
:■:*,
share—
per
$2.14
deduction
7,642,714
2,024,733
4,963,973
prof,)■?,■
Net income
tJivs. on pref, stock-—
jDiyg. on common stock
„JEarnings
share
.
the
deficits of
f,'''
CDf
•include
13,989,100
exc.
•
'security
186;508,284
42,691,678 166,303,000 162,017,579
42,045,347 168,902,000 168,181,207
42,469,000
'
.
"
,
"After
tax .C
.
40,464,000
'
per
48,7*80,226' 190,406,000
6,088,548
24,103,000
5,944,000
income
Earns,
2,500,000
>Rtrov. for Fed., State &
.'foreign incomp taxes
iProv. tor Fed.
tNet
607,137
46,408,000
__
deductions
Dividends
from
contr._
war
income—
Total
Int.
___
-
'It also will raise cash by borrowing $7,500,000 from banks,
New debentures and
cash are to be distributed to holders
319,784
525,724
1,144,840
(net)
Interest
Other
18,048,678
retirements of
on
:
-
A new company is to be formed to take over the assets of the bank¬
rupt estates and to issue new 4lA% debentures and new common stock
'
^Losses
follow¬
a
the general unsubordinated creditors of
cash and new securities according to a
proposed compromise.
Nothing is to be dis¬
as
standing..
;
6,881,107
64,405
Electric
one,, and
would receive
estates
AGECORP
146,276,540
1,431,464
Dr227,000
-
(net)— ,-
*
.
plan of reorganization the AGECO and AGECORP estates
to
itors'
39,735,000
._
two
closely
companies and
debentures,
although
1944—12 Mos.—1943
19,934,500
follows
plan
treated
tributed
1,084,000
_.
the
the
be
formula
2,703,000
oper.
Corp.
Under
8,487,847
:
.
for the joint reorganization of the Associated Gas &
detail,
would
15,623,000
taxes
5,511,683
of
.
proposed compromise of the
"claims against the two
has been contested bitterly by
•counsel representing holders of two classes of Associated Gas & Elec¬
rates
33,672,000
•
increase
an
two companies
long conflict between creditors and other claimants.
a
In
profs.
exc.
_
is
'by the trustees appointed by the court for the
p.m.
1944—3 Mos.- -1943
This
....
.
and the Associated Gas & Electric Corp. was approved April 14 by
the Securities and Exchange Commission.
The approval by the SEC came ten months after the plan was filed
froih
telephone
kwh.
Co.
of
opportunity' to
an
distance
of
136,522,282
was
above production of 131,010,599 kwh. a year ago.—V, 159,
Joint
Reorganization—Proposal of AGECO and AGECORP—
%
was
view
calling
or
Associated Gas & Electric Corp.—SEC Approves
•
*
>
record
calls
In
year.
'
at
of
Group
4.2%
the
•^Fed.
94,371,066
from
as
the
now
expenses
112,363,529
172,587,406 144,996,401 131,874,098
income
to
Co.—Weekly Output—
lack
1,000,000.
Also, more
service.
Unfortunately,
Telephone & Telegraph Co. Earnings Report
'Operating
Dividend
Prof,
in
period
begins
Operating
iexpenses __
______
Prov. for doubtful accts.
Other
of
Electric
1548.
•
1942
1943
....
199,266,406 180,978,867 169,178,239
gen.
far
Years
.*
•_
immediately because
corresponding
Period End. Mar. 31— "
sold——
_•
for
longer
months
the
as
those
The, discount
in
are
Co.—Earnings—
goods
sales
.Cost
cared
now number over
$
*
after he leaves
department store
Louisville or Min¬
years
of Associated Gas & Electric
Corp. . report for the
April 14, 1944, net electric output of the Associated Gas &
kwh.
p.
(Figures for March, 1944, partly estimated)
Calendar
two
trustees
ended
Electric
purposes,
to 10 p.m. in order to give-service men and women an
opportu¬
to get their calls through at that time, which is about the
only
nity
American
:
be
7 p.m.
Captain Clifford W. Michael, partner of J. S. Bache & CO., and noil
active duty with the armed forces, has been elected a director.—
IV. 155, p. 593.
!
few special
a
telephone service essen¬
being met promptly, applications for tele¬
three
for
Associated Gas &
The
week
prac¬
While all needs for
are
longer and
first
than
greater
-time
ton
for
equipment remains
shortage of facilities and the heavy wartime traffic, we are con¬
tinuing to urge the public not to make unnecessary long distance calls
or from
war-busy centers and when circuits are busy, to limit calls
Baltimore—New Director—
Account
office
telephones, except for
no
cannot
wait
central
new
.to
€■:
'Consolidated "Income
»
.
that for
stipulates
neapolis, where Associated operates department stores.—V. 159, p. 731.
y
•
•the
4
American Rolling Mill
further
contract
company Mr. McKim shall not engage in the
business in New York, Buffalo, Newark, Baltimore,
was
increasing and
the
For
25%
,
American Indemnity Co.,
which
are
have to
high,'
agreement.
such
matters on which he'mSy have special
equal to the length of his service,
on
time
period >of
a
.the
:
states:
this is unavoidable and is, of
course, entirely due to the war.
The
volume
of
long distance telephone calls continues
to
t.r-V. 159, p. 1241.
■(
knowledge-for
System
1944,
effort
war
service
people
of $100,000, plus the net earnings of St. Augustine from Jan. 31-,
v-1944, to the date of closing.
The proceeds to be derived by American
»Gas will be deposited with the trustee under its debenture agreement,
(
.render advice to thfe coihpany
Co.—Quarterly Re¬
or;.?
,
being manufactured.
are
...sum
series," pursuant
Bell
tically suspended and
The SEC will hold a hearing April 28 on the proposed sale of all its
interest in St. Augustine Gas Co. consisting of 2,771 shares of common
(Stock (par $100 each) to R. Hansell Hillyer of St. Louis, Mo., for the
6%
in
the manufacture of
phone
and
.
Gifford, President,
of.facilities
American Gas & Power
that Mr. McKim would stay with the company
longer than that, the proxy statement issued by the company said it is
stipulated that after his employment terminates, he shall continue to
telephones in service for the quarter
only 47,000 as compared with 455,000 for
the corresponding three months of 1943.
Because of wartime restric¬
Virginia sells liquor to its 900,000 "rationed" drink¬
through 102 state-owned liquor stores, he added.—V. 159, p. 1546t.
_$_%•
S.
increase
ending March 31,
-Monopoly state.
f:
:
Walter
;'
of the legislature, was permitted to buy the 29,200 shares,.
K.The cost price of the whisky, Col. Bollington said, will l'ange beTtween $12,500,000 and $13,500,000, including Federal taxes.
A liquor
ers
as
'
enabling
recent
a
meeting on May 15 on a
a
contract negotiated June 8, 1943, to employ
President for two years at an annual salary of
approve
McKim
Contract—
on
annual
their
at
Expressing the hope
The
.
through,
to
J.
vote
whether it be for two years or more.
American Telephone & Telegraph
4sact
'
1944—3 Mos.—1943
159, p. 1138.
Two
,
Goods Corp.—To Vote
Dry
$80,000.
Up 1.6%—
1944—Month—1943
Associated
The stockholders will
»
and
2JL- $16,377,700 $16,121,715 $48,770,386 $48,723,106
—V.
largest stockholder.
Virginians, Col." R. McC Bollington, a member of the State
Alcoholic Beverage Control Board, and Abram P. Staples, AttorneyS'Ceneral, of Virginia, announced they had reached an agreement
with Gilbert B. Geiger, trustee,
for American Distilling Co's whisky
distribution) plan, by which Virginia receives the 27,740 barrels of
1.
:
<
27,740
-barrels
rgtock,
American Stores Co.—March Sales
Buys American Distilling Stock—
postponement is
var¬
,
f * State of Virginia
its books.
on
being effected to avoid conflict with a hearing
by the State Department of Public Utilities in its investi¬
gation of company's rates,—V. 159, p. 1346.
r
manufactures
paints, lacquers and
through approximately 1,500 paint
throughout the southwestern part of
located
The
being held
and O. C. Johnson is Gen-
-,
Sewall
distributed
are
'000,000
.
,
United "States.
Lacquers and automobile re-finishing materials
tributed through jobbers on a national basis.—V.
159, p. 442.
permit to dis¬
in¬
are Albert C. Bale, with Sewall
for
Ross Kyger, with Sewall since 1910, ViceManager.
Mr. Kyger also serves as President
;
1877,
stores
show cause why it should not eliminate nearly $17,000,000 of al¬
leged write-ups and other amounts in excess of original cost of the
properties and submit revised studies concerning an additional $47,-
"to
sales
■
a
•
,
,
annual
■
show
subsidiary
-
.
..
in
time
fiscal year
1651
and E.
.
share
one
'
-
new
General
and
Organized
,
year.
President,
to
months of
the Sewall Paint & Varnish Co. of Texas,
of
r
Liquor Authority with the fee to be fixed at $10 per share of stock. ;:
>A)single share of stock will entitle the holder to import into the
.State 18 cases of whisky, which is the amount allowed
provided it, is
•
four
during which
$12,000,000.
years,
$1,200,000
first
the
of
ten
past
from
last
over
years,
President
il
the
the
for
Officers
.
:
intended for personal consumption.
increased
Sales
*
during
■
1652
THE COMMERCIAL & FINANCIAL
April
on
14.
There
standing. ;
The
were
,
stock
%%' certificates of indebtedness, series E-1944,
$5,012,840;
accounts
receivable (less
preferred stock out¬
the $3
of
shares
3,070
,
accounts of
management's
feeling that earnings normally available for
should be re¬
tained in the business for use after the war, Mr. Page said.
Working
capital is currently at a high point in the history of the company, he
is
of the
dividends
contemplated
added.
because
refund
(less
the
599.
:"7/7%
.
A
aircraft
new
••••,.••;•
aircraft
h.p.
2,000
in
now
use
on
every
159,
1549."
p.
Blaw-Knox Co.—Earnings—
profit
tEarnings
*
After
$415,440
$0,31
share—
per
Sales
—V.
establish
to
William
annual
the
enabled
7,7,
'
;;
road
Stores, Inc.—Preferred
Stock
Offered—An
derwriting group headed by Lehman Brothers and Wertheim & Co. on April 14 offered 60,000 shares of 4^%
preferred stock (par $100) at $105.50 a share
April 1.
Convertible into common stock at any time prior to redemption at
the conversion price of $42 per share of common stock, provision being
made for adjustment of the conversion price in certain events.
Re¬
'
or in part, at any time upon not more than 60 and
days' notice, at $110.50 per share if redeemed prior to
April 1, 1947, and at $108 per share if redeemed on or after April 1,
1947, plus accrued dividends in each case.
Transfer agent: Bank of
York.
$63,556
From
the
the
for
and
the
To
debt
Registrar: Commercial National Bank &
compensation
and
The Equitable
to
with
to
the date
tion
after deducting expenses estimated
the underwriters, will be $6,093,944.
approximately $2,107,875 will be used
of $2,100,000 of serial notes payable
Society of the United States, together
to
proceeds
retirement
Life Assurance
anticipation
thereon.
premium
The
Accrued
interest
such
on
notes
carrying
taken
of
larger
that may
a
establishing
inventories
and accounts receivable, and any
Corporation has under¬
existing stores where practicable and of
remain for. working capital.
of enlarging
program
few additional stores.
a
Capitalization Adjusted
road
applied
acquire
Interest
Preferred
stock
-
7 7-7!
.
Bonds—
100,000
dinary
Dec.
of
Earnings
1943
Sales
Net
inc.
Prov.
before
-
;.:7
stock will increase in
Fed.
normal
for
&
for
profits
1,
of
tax
1941
1940
.
$45,328,333 $32,444,509
7,362,841
of
.J
Prov.
for
—V.
1,025,034
7>-;>.-7£
...
5,040,000
3,377,700
2,671,016
314,574
$3,111,534
$2,616,628
Cr250,000
$3,150,307
$2,868,008
$2,650,307
Street
corporation
Net
...
Divs.
paid
Earns,
on
per
profit..
$3,111,534
value
of
March
to
a
the
31,
This
stock
company's
it
1943
stk.
1,402,994
share.
$4.43
t$3.37
1,402,994 "•
t$3,78
1,402.994
$4.09
deducting 10% post-war credit, of which credit the amounts
Of $360,000 in 1942 and $120,000 in 1943 were allowed as debt retire¬
ment deductions,
tAfter'deducting provision for contingencies amount¬
other
and
stores
operated
by
the
the year
and
was
Business—Corporation
organized
in' Maryland
1937, by the,fcdnsolidation of Bond Clothing Co. (ted.)* and
its subsidiary,
Bond Stores, Inc. (Md.).
Through this consolidation
and the dissolution of the subsidiaries of the constituent
corporation
the
their
acquired
constituent
liabilities.
ration
is
of
as
Jan.
corporations
and
1, 1937, the business and assets
their subsidiaries and assumed
The only subsidiary owned
Adda,
Inc.,
from
which
the
or controlled by
corporation
leases
the corpo¬
its
of net assets invested in
1944,
'
March
has
as
p.
securities—at
in
elect
banks,
receivable
receivable,
$21,655;
total,
to
$48,882
$62,390
51,083
--
be
61,909
The business of the
the
retail
corporation
and
is
also
shoes.
in
cities
sold
lines
of
The
of
of
at
and
the
merchandise
corporation
ladies'
men's
retail
the
as now
and
corporation
States
all
men's
sells
The
19
in
sale
corporation
for
Dec. 31,
on
taxed
of
stores
haberdashery,
operates
District
the
corporation,
sold in
all
but
a
manufactures
all
of
its
are
furnishings,
$5,237,513..!'
for
few
and most of
of
men's
its
—v.
159,
1142,.
p.
■
as
•
■'
overcoats
and substantially all of its ladies' suits and coats in its own
plants from materials acquired in the open market.
Corporation does
not manufacture any of the other merchandise sold
by it.
The
of
sale
of
ladies'
Underwriters—The
ber
of
have
"NTo
•'
wear
introduced
first
was
in
the
latter
part
1942.
shares
of
names
preferred
agreed to purchase
of
vw a
Name—
the
stock
are
as
underwriters and the
the underwriters,
Corpo¬
Prov.
*
Shares
Brother
\Vertheim & Co
8,500
Hallgarten
8,500
Hemphill, Noyes & Co
31,
1,000
Hornblower & Weeks...
Merrill
Redpath
1,000
J. S. Bache & Co
Bear, Stearns
& Co
1,000
A,
G. Becker &
Co., Inc..,.
Blyth & Co., Inc
Clark, Dodge & Co...
R.
S.
Dickson &
ner
Otis
1,000
Co., Inc..
Beane
sold,
deposits
for
$806;
U.
dividends
and
1,000
2,500
L. F. Rothschild & Co
2,000
3.500
I. M.
2^000
Stein
Simon & Co
Bros.
1.000
Stroud &
Dominick .& Dominlck
2,000
Union
Doolittle. Schoellkopf & Co.
1,000
Emanuel
Co
2,000
Equitable Securities Corp..
Goldman, Sachs & Co..
3,500
&
Vietor,
&
...
Boyce
Net
Net
CSi-.OL?.:
A
$59,092;
Common,
Dann
2,500
repur¬
•" :
•'
.
1.000
Whiting,
Weeks
&
Inc.
Stubbs,
1,000
.
Consolidated Balance
on
hand
and
in
Sheet, Dec. 31, 1943
banks, $5,388,845; U. S. Government
785,026
595.784
$199,919
$2,964,314
$2,572,831
7,
$194,977
1,415
296
15,445
$196,392
$200,215
$2,979,759
$2,576,980
47,475
107,753
1,024,359
1,304,757
(net ).!•_
deducts..
4,143
L.7'7
taxes
\
on
prof.
exc.
50,320
29,060
689,483
374,820
$98,597
$63,402
$1,265,917
$897,403
i—
last,
•''
■
and
■
^ *V{ /
•
1943.—V. 159, p.
15,
Dec.
on
' *
■
1347.
'' -'
_
•
'i'''
.
Campbell, Wyant & Cannon Foundry Co.—DirectorsArthur
and
Lawrence
B.
22,053,928
6,016,465
22,498,100
6,022,828
V.
13,951,654
12,601,130
159,
22,398,686
L.
C.
Beatty
p.
income
_
-
2,222,080
144,577
2,222,080
154,188
Operating
2,222,080
have
been
—V.
140,683
$11,128
$433,426
elected
the
to
Cr300,507
122,501
Crl02,837
34,510,150
$7.02
1,248,300.,
$7.01
1,248,502
$8.59
«)..!»
operating
exp.
'
,
1942
3,876,425
3,740,630
$3,581,189
$2,853,049
44,958
income
34,678
$3,285,688
64,579
$3,626,147
long-term
debt
miscell.
of
disc.
deductions
&
(
$2,887,727
555,520
'
debt
amort,
income
$709,785
251,605
$730,521
$213,439
$458,180
$446,882
.
Ltd.—Plant
283,639
Expansion Expendi¬
Enlarged—
to
meeting
of
President,
spend
$2,500,000
555,520
20,640
20,511
16,353
$3,049,987
$2,311,696
$2,778,394
$3,350,267
555,520
,7
!.;«•!(
.■)
.
■
1944
$6,185,000
,,
earnings
-:i
159, p. 1549.
1943*
$5,320)000
ioifi
■
*1* ^
,
Capital Administration Co., Ltd.—Quarterly Report—
-
Corporation
reports
net
assets
before
deducting
bank
loans
-
of
$5,455,084 at March 31, 1944 as compared with $5,326,421 at Dec... 31,
1943 and $5,197,254 on March 31, 1943.
Net assets were equivalent to
$99.19
stock
per
share of preferred stock and
31, 1944 as compared
March
on
$14.88 per share of class A
with
$96.23
per
share
and
share respectively on Dec. 31, 1943 and $89.79 per share
and $12.04 per share respectively on March 31,
1943.
The company's total bond holdings represented about 7.6% of gross
assets.
Preferred stocks totalled 11.2%
and common stocks 70.6%.
Public
per
utility
Common
Net
1944—2 Mos.—1943
$360,253
146,814
Week-Ended April 14—
1941
$15,135,214 $13,823,916 $14,382,105
5,916,848
5,516,470
5,712,080
—---™Z_™„%-Z-_™ -- 1,549,385 '
1,577,972
1,643,707"
income
on
Celanese,
Dreyfus,
Traffic
revenues
income
and
•
129,300
.
•.
4,087,792
int.,
..
$221,811
annual
the
$13.99
Other
.
Canadian Pacific Railway—Traffic Earnings—
expenses
Taxes
Interest
.
Corp.—Earnings-
1,248,514
$8.35
;
Earnings for Three Months Ended D^c. 31
Operating
,
Branston.-rt-
•
1,248,300
"Including provision for Federal income tax.
Other
'
D.
the shareholders held on April 19 Dr.
revealed that the company had received
for plant expansion.
He further said
that it was hoped that by next year this amount would be increased
to $5,000,000.
At a special meeting held after the regular annual
meeting, authorization was voted to increase the board of directors
'from nine members to
12, the time and selectipjq.,.pf the additional
members to be at the discretion of the present board.—V. 159, p. 836.
33,914,709
share—™
Depreciation
.
G.
159, p. 1549.
At
139,604
35,046,413
(par $100)—
Operating
,
1944—Month—1943
$351,111
—.
earnings
sanction
Surplus end of year™ $35,272,099 $34,935,040 $35,046,413 $34,510,150
of capital stock
Total
■
the death of former
of
ture Authorized—Board of Directors
Shares
per
.■
expenses
Canadian
$735,045
34,935,040
deduction™
surplus
Earnings
caused by
resignation
2,222,080
118,015
$8,774,652 ' $8,749,879 $10,421,514 $10,723,331
8,738,100
8,738,751
9,988,088
9,988,286
$36,552
surplus
the
'
1443.
earnings
Camille
Previous
and
period Ended Feb.-:
$11,150,920 $11,116,536 $12,761,609 $13,086,094
—
Surplus
Net
the vacancies
Campbell
Canada Northern Power
$10,971,801 $11,010,476 $12,546,062 $12,928,709
179,119
106,060
157,385
215,547
-™_U_
deductions
Dividends
J.
D.
5,825,508
15,541,162
long-term debt-
on
directors to fill
of
President
income™ '.
income
Gross
Int.
.
Assets—Cash
3,120,364
94,691
costs
99,510
v
Fed.
1,
~.
board
22,931,724
6,015,300
J
income!
oper.
non-oper.
Gross
1,000
3,459,274
diviBend- (No. 3) of io cents per share has been declared on the
stock, par $1, for the quarter ended March 31, 1944, payable1
1 to holders of record May 15.
A like amount was paid on
March
'
...-•
16,474,282
Miscell.
&
Co.
276,235
common
.::
•
.
1,000
1,000
Corp
$6,288,979
314,500
income
Net
1,000
Company, Inc
Securities
1944—12 Mos.—1943
$7,208,614
Common Dividend-
cost,
interest
(contra),
^
1943
Piper, Jaffray & Hopwood."
Subs.)—Earnings—
Government
S.
securities—at
dividends
—V.
1,500
(&
$570,845
A-
revenues-
(incl.
Gross
2,000
2,000
Co..:
159,
rev.
(net)
income
Net
investments in
investments in other
Lynch, Pierce, Fen-
&
&
are
can¬
$608,987
reevnues„
oper.
taxes)
''°r' 7,1943
1942
1941
1940 ""
revehtie™—*$56,393,107 $54,622,031 $55,018,644 $53,754,033
2,500
Auchincloss, Parker &
stock
capital
••
1944
2,000
Adamex Securities Corp.—
& Co.—_
the
on
1944—Month—1943
income
for
inc.
tax
June
"Taxes
outstdg.
Name—
disbursements
Power Co.
February—
income
Total
(2)
Calendar Years—
Gross oper.
num¬
respectively,
Co.
hf
■
oper.
Gross
■
Operating expense
Depreciation
follows:
Shares
'Lehman
several
which
Trust
,
Net
and
that
extent
expenses
Other
Brooklyn Edison Co., Inc.—Earnings—
the other
top coats
Traders
an
non-utility
investment
1943.
regulated
a
$81,446;
/
: -i. ih*i
&
working capital be not permitted to fall below $2,000,000 dur¬
,
util.
31,
($'5 par), $1,146,205; surplus, $4,018,647; total, $5,237,513.
stores.
suits,
net
732.-
and
retirement, $6,958; reserves for expenses, taxes, etc., $6,612;
capital stock
Manufacturers
and
the agreement.
aggregate exceeding 70% of company's consolidated
subsequent to Nov. 30, 1943.
There is also a provision;
earnings
Total
•
■
York
New
69,948
March
Liabilities—Dividends'payable, $59,092; due for capital stock
chased
hats
59 retail stores located in 48
Columbia.
The men's clothing
of
the
to
oper.
.7%'
March
securities
special
principal
conducted consists principally
ready-to-wear clothing.
The
of
California Electric
$73,991
on
•:
Sheet,
$125,003;
cost,
$4,949,512;
post-war .readjust-
!!"!'
13,901
appreciation of investments
!'•
future war contracts and
parties to
are
Period End.
store.
of
Bank
Total
1941
such should have no liability for Federal income
1944.
year
Assets—Cash
"revolving credit agreement" with
disclosed in the loan agreement that payment of dividends
was
deductions
'•*>"'
1942
12,031
57,373
to
a
in the aggregate of $7,500,000.
Pro¬
and its subsidiary as needed for purpose
:
-
Total
13,133
$105,334 less than
or
determined
into
1944,
City Bank of New York, Marine Trust Co. of Buffalo, Chase
Buffalo
that
$87,892
The unrealized
and
$0.75
stock.
financing present and
net
31
1943
'
$47,628
$1,152,633
was
company
"$243,809
be used by company
not be made in
common
$74,422
capital stock™
on
Feb. 29, '44 Feb. 28, '43
—^-™_™—$0.86
ing the life of the loan without written consent of the banks.—V.
12,207
income
Net
■•;
•!!":'■
•:
has entered
company
Net
Divs.
indicated
was
(& Subs.)—Earnings—
banks, dated March 3,
restricted
on
$62,015
Deductions
19,
corporations,
the
of
$26.80 while
was,
$59,836
„™
History
March
Report-
transportation
income
it
Ben-
■'
t$278,455
National
of
Earnings for Quarter Ended
Total
..!%;•■
share
per
ments.
mmmm
per share
for 1941 and 1942, respectively.
corporation numbered 59 at the end of
1940 (exclusive of one superseded store which remained open
until early 1941), and >59 est the end of the
years 1941, 1942 and 1943.
The
The
four
$24.84.
was
settled,
Forge Co.
common
National
1943
is
Mr.
,
until renegotiation
after the meeting.
Arranges $7,500,000 Credit—
.
31,
Dec.
production,"
determined
of
shares of
or¬
Postponed—To
Meeting
^stated that
company
charges, Federal income and excess profits taxes and a pro¬
$175,000 for war-time contingencies,
tAfter Federal income
and excess profits taxes and provision for renegotiation computed on
the same basis as the completed proceedings for 1942.
JOn 324,786
stocks.
The principal common holdings were
14.6% in oils, 12.3%
retail
trade, 8.5%
chemicals,
8.3%
public utilities, 8.0%
building
equipment and renovation, 5.6% tire and rubber and 5.4% railroads
$2,868,008
"After
ing to $0.71 and $0.36
the
on
Corp.—Quarterly
on
handicap
cannot be
profit
vision
of $6,317,485 at March 31,
1944
liquidating value of $27.55 per share. The liquidating
open-end compahy had 92.5%
for ..the
Cr500,000
$2,366,628
1,122,395
com.
com.
share
per
He
"After
assets
net
facilities.
cut-backs.
dur¬
considering the shortage of manpower
drop in net profits surprising, because
which
regulations
contracts
JEarnings
r
Investing
reports
recreational
the 17%
was
158, p. 2040.
It
Balance
net
279,465,595 273,263,403
"■
Buffalo
15 to holders of record
follows: June 15, 75 cents, and
as
above.—V. 159, p. 1035.
Notes—(1)
contingencies
Balance,
were
year
Corp.—Annual
Brill
company
pYPpce
....—...
profit
124,830,000 124,830 ,000
35,272,099
34,935 040
i
Quarter Ended—
1347.
p.
nor
quarter net earnings
current
of
(The)
ration
Net
1,238 305
Co.^—Outlook—
experienced
not extraordinary,
was
governmental
First
Absorb American Car & Foundry Motors Co.—See latter
4,207,616
1,541,518
'1,235,000
1,238,305
singer said.
payable June
value,
par
no
159,
$1
of
of
has recently
and materials,
Bonds—
dividend
a
1944
7,7:
-.1,278,000
of
Payments last
$1.—V.
Years
1942
-
-:
j;.
surtax.-.'.ppH
Calendar
1,228 089
13V2% decrease in net sales experienced by this
ing 1943
to
declared
construction
on
company
"The
the
bave
.■■.■7r77-
$45,594,256 $44,339,990
.9,429,534
7,229,328
taxes™
income
*Prov
for
1,316,745
—
-™——
ceeds will
60,000
/..
30 363
35,883 431
stockholders, at their annual meeting last week were told by
Bensinger, President, that there may soon, be some lessening of
F.
the
'
price, is 142,858 shares.
Summary
shares
April 27.
"'701.497
the event of the conversion of any of the convertible
preferred stock.
The maximum number of shares of common stock into which the
60,000
shares of convertible preferred stock is
convertible, at the initial con¬
version
reserve
364 161
30,036
1727,.
p.
restrictions
interest of
directors
equivalent
1,000,000
■'■The number of outstanding shares of common
365,458
40,669,359
utility plant-
Bruiiswick-Balke-Colleitder
The
R.
Brazilian Traction, Light & Power Co., Ltd.—$1 Div.—
31, 1943, to Present
(par $100) (shares)—.—.,
(shares)
6,977 681
———————.
provident reserve™.
.!—_™—
stock (par $100)-™—
surplus •
—c. Ai——!—A
158,
1,252 384
.
credits
Total
-V.
977 673
■
•
1,369,415
Employees
1549.
The
Authorized Outstand'g
Common stock (par $1)
accrued
Capital
Earned
1,183 276
1,573
7,872,036
Injuries and damages
4xk% will be made on May 1, 1944, on in¬
mortgage bonds, series A, 4V2% (4% cumulative), due 1970, on
surrender of coupon No. 3.
Interest is payable at offices of Chase
National Bank, New York, and State Street Trust Co., Boston.*—V. 159,
;7'7'7';
Financing
'
'
2,137,519
—
—
^
for' depreciation of
Reserve
64,363 000
64,363,000
and sundry accruals
accrued
Interest
1940.-
plan of
Income Mortgage
on
of
Broad
of Dec.
as
//0':——;
deposits
Stock Exchange that it has pur¬
Boston
the
adjustment
has
to
Payment
1
Give Effect
to
651 ,845^1
279,465,595 273,263,403
_
;"
debt
associated companies
Taxes
come
will be paid by the corporation.
The corpora¬
the remainder of such proceeds for enlarging exist¬
stores, building, altering and equipping stores, increasing factory
capacity by adding to existing plants or by acquiring further facilities,
balance
552 393
2,926 731
683,415
'
'
ing
the
debits %
Customers'
$3,900,624 $10,601,762 $10,364,677
the Interstate Commerce Commission for
Peterborough RR. for $96,250.
The Peter¬
borough operates in New Hampshire.
The application said the transaction would result in simplification
of the corporate structure of Boston & Maine without any change in
public relations or employment conditions.
of payment
intends to use
331 304
Payable to
A' 1944—3 Mos—1943
Acquire Peterborough Road—
authority
p.
estimated net
payment
3,683 959
6,835 181
Liabilities-—
Purpose—Estimated net proceeds,
at
2,914,638
—%
'Total
>'" '/v;.J iV'-v-
has informed
deemable, in whole
not less than 45
the Manhattan Co., New
Trust Co. of New York.
13,250 000
——
un¬
convertible
and accrued dividends from
11,163 961
companies™—l|o9o[556
Deferred
$1,024,000 of its 4%% bonds of 1970, reducing the amount
outstanding to $35,391,500.
The purchases have been made since Dec,
22, • 1943, when the-amount outstanding was reported at $36,415,500.
The maximum amount of $48,287,000 of these bonds was outstanding
under
Bond
158 271
14,6521316
17,310,000
:™™—
associated
Accounts payable
Boston & Maine RR.—Purchases
This
;v;;
0
;
180,502
company
orders at. the close of the first quarter of
explained, remain at a high level.—V, 159,
7
4,036 000
and
chased
Witherow
from
944 ,012
,
supplies——
i.—..u_—v
5,700,031
Special deposits and funds—'--U—' v 676^511
Prepayments
:•
3,070^229
George D. Bonbright & Co. on April 14 made a sec¬
ondary offering after the close of market of 6,300 shares
of $3 convertible preference stock at last sale price
($48 per share). The offering was oversubscribed and
the books closed.— V. 159, p. 347; V. 158, pp. 2247, 288.
its all time net sales record of $113,295,659,
President, told stockholders at the company's
Witherow,
Mr.
year,
that which
as
receivable
Receivables
30.2%—
,
.
919,857
3,636,000
,—7,,:—_————77'
:
1,292 ,991
1,292,991
—_——•
—
companies
Treasury tax series notes
Material
and
1941
$584,853
$0.44
during 1943
P.
1347.
•p.
level
same
meeting April 19.
company's unfilled
The
this
the
about
159, p. 1549.
associated
;
S.
Deferred
State and Federal income and excess profits taxes.'
tOn 1,334,458 shares of capital stock (no par).
•
The
volume of war output being
currently produced by company
at
payable,
$5,080,415
expense—
in
———_
U.
Blue Ridge Corp.—Secondary Offering—Shields & Co.
1942:
$276,624
$0.21
•
stock
physical property™
Cash
.
1944—Month—1943
227,338,549 227,436 7551
—
Other investments
$663,026;
Sales increased
March
charges,
continues
•
$
Investment
Accounts
notes
(trade),
payable
Period End. March 31—
''-v-v.
'
1943 7
$409,764
$0.31
1944
—
—
Other
7..,'7\/_
■
Quarter End. Mar. 31—
"Net
$30,985,290.
_
The
—V.
Capital
due from employees
$17,831; due from em¬
$455,300;
$6,390),
1942
1943
■
■
plant
Long-term
engines and yet weights only 32 pounds—is
fighting front.
■
t
development was revealed for the first time on April 18 by
T. W. Tinkham, General Manager of the corporation's .Philadelphia
division, in his announcement that the devices are in mass production,
tions
Utility
post-war
that cranks United Na¬
"mighty midget"
starter—a
of
31
Dec.
.
,
current instalment, $300,000; ac¬
customers' deposits, etc., $49,754;
accrued liabilities, $1,717,845; reserve for Federal taxes on income (less
U. S. Treasury tax saving notes of $231,058), $7,658,541; serial notes
(Equitable Life Assurance Society of the United States), $1,800,OOCi;
mortgage payable of subsidiary, due Sept. 2, 1947, $1,400,000; reserve
for contingencies. $750,000; common stock (par $1), $701,497; capital
surplus, $6,435,713; earned surplus, $9,508,913;. total, $30,985,290.
counts
Corp.—New Starter in Production—
Beudix Aviation
total,
$292,439;
7„ Liabilities—Serial
Beauharnois Light, Heat & Power Co.—Expropriation
See
Montreal
Light,
Heat & Power Consolidated below.—V. 157,
P.
accounts
$9,864,286;
Sheet,
•
Assets—'
tax
claims receivable, etc., $22,696; fixed assets (net),
leasehold (less reserve for amortization), $1,339; deferred
$7,407,945;
of
type
tax,
profits
excess
doubtful
for
inventory,
Balance
doubtful
advances,
charges,
heavy-duty trucks and equipment manufac¬
tured
by the company will greatly exceed what was regarded as a
normal year's business prior to hostilities.—V. 157, p. 1645.
for
Federal
reserve
deposits,
working capital will be needed after the war, however,
said, because of the probability that post-war replacement
Page
for
ployees for purchase of 400 shares of stock of the corporation, $4,197;
Additional
Mr.
of
merchandise
$160,530;
Monday, April 24, 1944
accrued 'interest
reserve
$350,472), $2,357,062; miscell. accounts receivable, sales
etc.,
stamps,
,
/demand
and
thereon,
.
.
dividend
CHRONICLE
stocks
preferred
stocks represented 9.2%
of gross
of oil companies accounted for an/additional
Public utility common
assets.
11.3%;
stocks were 6.4%, common stocks of retail trada
r\
Volume
5.9%,
corporations
beverage
5.3%
companies
assets.
gross
THE COMMERCIAL
Number 4275
159
.
chemicals
and
5.1%
of
Central
-
^Total
income
1942
1943
$55,293
$50,625
17,467
17,126
-i Deductions
$56,238
income_--__„^
"Net
Preferred
profit
$33,499
32,550
32,550
dividends.
I
$37,826
Net
,19,980
''Before
(or)
and
loss
sale
on
32,550
-
Note—The unrealized
appreciation of investments
ncn
A01
$31,952
or
T-\„„
than
more
Balance
Assets—Cash
;•
securities—at
«r
$4,459,917;
dividends
interest
and
(contra),
$37,192;
investments
cash,
payable,
$78,400;
in
U.
$20,594;
$5,074,997,
$37,192;
securities
for
due
due
special
$54,996;
stock
($10 par),
(1
cent par
$3,159,763;
total,
Sept.
$5,074,997.—V.
159,
',
loaned
reserves
30,
1945,
stock,
preferred
444.-
p.
:
'
■;. ■
..
Manopla
Bankers
Caribbean
the
which
holders
Co.,
Trading
&
agent,
as
Corp.
for
$295,500
deposited
has
in
use
such
bonds
invited
are
be tender'ed to it for
may
tenders
submit
to
Bankers
Trust Co., New York, or
Savings
Association,
the
with
the
of
16,
Bond¬
1944, to
159,
and
1943, and $3,090 at March 31, 1943.
The net asset value of the comstock was $7.56 per share, representing an increase of 5%
over
such net asset value at Dec. 31, 1943, and 9.09% over such value at
men
1943.'
..
,
Income
\:.;v■/
Account,
Three
March 31 '
Ended
div.
Taxable
Total
1943
1942
$67,093
1.619
income
-i
1,823
Net
loss
Net
$65,682
$67,093
40,652
48 947
bal.
surp.
•Accumulated
from
v
Excess
sales
Excess
and
bal.
and
Interest
Deferred
taxes
$24,972
$26,441
14.364.9G2
14,365,747
14,-425,830
10.763,887
10,385,487
10,596,312
Dr54,387
prior
0646
^
Cr734~912
9 885,369
$4,350,810
$4,498,502
28,175
_>
7,188
231,493
5,085,429 '
2,015,644
35,427
1,930,919
Interest
and
matured
interest
Unmatured
rents
Accrued
Other
tax
Unadjusted
854,035
7,334,226
4',037,300
RR.
Net
28,235
Gross
$4,589,603
$4,663,455
7,210,256
The
139,609
1,668,589
1,656,209
Accel,
Fed.
$629,515
Fed.
$663,198
$7,805,529
declared
$4,322,636
■"■"a.
and
8,554
7,219
122,446
$7,927,975
$4,635,196
$4,470,267
Pfd
•
■
at
able and
interest
in banks, $231,304;
accrued. $26,103;
deferred charges
176,734
185,855
2,208,530
dividends receiv¬
.
etc.,
$48,491;
Nov.
1,
payable,
provision
for
accrued
laxes,
interest
v\"!
on
15-year 5%
$6,499;
v-';
5%
.
debentures,
debentures, due
common stock
total, $6,-
1950 (with non-detachable warrants), $1,872,000;
$1), $563,500; balance of
813,126.—V. 159, p. 732.
(par
capital
surplus,
$4,322,636;
4fX-X<:
Caterpillar Tractor Co.—EarningsPeriod End. March 31—
'
sales
Net
profit
-V.
159,
'
889,664
953,080
1,253,582
901,241
until
$275,282
$271,531
$3,250,086
$3,424,425
111,319
112,262
1,341,835
1,623,313
491,558
1348.
p.
8,674,70^4 7f2^0,669
a
reply
Va.,
against
of
7%
to
brief
in
support
the
its
U.
S.
Reply—
Circuit
contention
that
Celanese
former
officers
the
supports
cumulative
and
directors
position
oreferred
taken
of
stock
of
the
by
J.
statute
Period End. March—
revenues
1944—Month—-1943-
$346,698
___
,
at
adjourned
an
eral
Certificate—
April
Certificate
of
meeting
on
adopted
17
the
Central
resolution
amending
the corporation's
Incorporation
eliminating therefrom the authoriatioil of 250,000 shares of prior pre¬
stock of $100 par value.
On April 12, the shareholders approved
resolution
a
to
create
class
new
a
of
stock
designated
first preferred
stock to consist of 500,000 shares without par value.
The
Empire
Trust
Co;,
income)
29,854
_TA_
income
•'
_
'
Gross'income
>
be
and
tax
Pfd.
div.
159,
p.
1
159,
4
1549.
p.
the
all
corporation
Empire .Trust
of
the
stock
at
April
on
Co.,
outstanding
17,
$120
per
1944,
April
redemption
shares of
share,
and
all
of
plus
the
:
that
announced
17
agent,
7%
funds
cumulative
accrued
5%
sufficient
series
interest
outstanding
deposited
to
date
to
prior
30
In
redeem
preferred
days
after
cumulative series
prior
shares at $103 per share, together with accrued dividends
to April 17, 1944.
Payment will' be made upon presentation and. sur¬
render of the respective certificates at the Empire Trust Co.,
120
Broadway, New York, N. Y. See also V. 159, p. 1549.
surtax)
Operating
revenue^
___
Operating
expenses
2__
Federal
1943
16
taxes
Prop,
ret.
Amort,
-•
res.
of
$579,694
of
approp.
cper.
revenues,,.
Other income
•.?
•
(net)
Gross, income
charges
—V.
159.
210,700
$476,397
$865,862
227,136
246,470
$55,670
25,373
18,928
the company
1944—12 Mos—1943
$6,040,262
$5,730,390
3,206,591
665.670
38.645
444,970
404,884
Equipment
41,500
40,750
433,258
531,757
Joint
3.432
_
•
33,464
1..—36,335
$96,613
$109,268
$1,103,692
15
12,556
>
>
18,910
$1,316,248
$78,030
$1,075,462
19,902
'
apnlicable to preferred stock
p.
1348.
and
set new date to give
presented , by a courtsubmit evidence.—V. 159,
Igoe
plan,
to
,"
.
Recommends Pay¬
Committee
r
in
a
*
•
issued April 17 recommends that a
cash of the company
on hand
making payments on account of
report
$3,076,612
interest
towards
requirements
were
over
It com¬
$1,500,000.
real estate mortgages and the $4,445,000 of out¬
on
18
in
of
savings
real
resulting
leases
unprofitable
estate,
over
*
subsidiaries
its
addition
of
to
36
own
parcels
The debenture holders
Wise
Mr;
James
are
of
of which
committee, whose mem¬
Felt
and
Ralph
Haas,
real
and Richard F. Cromwell of the Boston investment counsel
Cromwell
believes
debenture
debentures
ganized
Cabot, Inc.,
"laim
this
committee
holders
in
will
be successfully
resisted.
.
proposed that any new securities issued
reorganization proceedings should give
the
substantial
a
express
voice
in
the
management
of
the
reor¬
and an opportunity to share in its future profits,
the reorganization period plans should be developed
Childs restaurant operations to meet post-war con¬
company,
that
during
modifying
ditions.
•
&
debenture
the
the
"
'
Hearing
over
:1:
Railway
232,109
*
$884,179
Account
for
Calendar
revenues,_______
1942
*1941
$30,432,425 $25,465,654 $21,506,933
18,809,007
16,310,063
$9,155,591
$7,416,406
operating
rents, Wet
facility
rents,
3,284,222
debit!_'_—1,240,779
1,254,507
$5,365,,720
1,472,773
974,269
906,165
108,054
for
Chrysler
2,050,686
$5,871,370
debit
the
on
Net- railway -operating
income
Total
123,667
—_L,_
Other
on
funded
$3,846,998
debt
914,318
99,992.,
$3,802,536
In Sales—
;
"Trustees'
Feb.
20,
trustee to
renort
The
915,581.
269,464
form
$2,617,491
$1,838 105
194.1, to Dec. 31, 1941.
19, 1941, and company's from
'
and
^
.
their
a
annual
meeting
modification
of
011
the
•
it
Retirement
Increase
,7^!,,,''
April'-, 18
retirement
reelected the
income
provi¬
employees which the stockholders had approved origi¬
drawn.
Keller, President, in his remarks tp the stockholders, said that
corporation in the last two years manufactured for war a
billion and a half dollars worth of tanks, cannon, ammunition, bomber
sections, gyro compasses, marine tractors, harbor tugs and many other
items needed by our fighting forces, profits averaged only a little more
K.
T.
while
■
at
ratified
since the plan was
271.287
1 to Feb.
Mich.—Modifies
aV their -meeting in 1941..The..piodifica.t,ions.,ivere- made to con¬
to certain changes in rulings made by the Treasury Department
nally
970,921
$2,705,327
Jan.
stock.—V. 159,'P. 1349.
Detroit,
Margin Halved—Net Off Despite
'
stockholders
directors
111,635
267,908
from
the
t
$3,030,312
873,264
deductions
of
the preferred
Corp.,
Plan—Profit
income-—— $3,"723331°. $3,702,544$2,918,$18
income'
motion
,o
income——$5,870,276
net
26
fund
reserve
14,090,526
expenses_i_______'$11,623,418
___j
5,753,142
May
sions for salaried
—
s"
preierred stockholders committee.
The committee seeks an adjudication of the rights of preferred stock¬
holders with respect to various assets of the company, which under
the certificate of consolidation of the company were set aside as a
on
Years
$335,589
108,054
V'
Judge Edward A. Conger on April 17 directed the
Federal
notify creditors and stockholders before May 6 of a hearing to be held
239,873
$39,381
Petition of Preferred Stockholders' Com¬
on
mittee—
t
Taxes
483
$109,283
opportunity
applied
year.
men,
The
$1,074,979
337
$96,950
L.
reorganization
for
and
committee
3,016.165
768,287
=
con¬
.
Revenues
62,700
•
Michael
Judge
the
of
be
paid $45,000 on its note to RFC; purchased for
1943
227,208
''
108,304
for
the
on
a
in
and
Net. income
income
Dividends
468,990
1444.
Railway operating expenses,
Interest
Net
389,698
254,500
r
to
Income
Other
Interest
45,149
J J
limited-term
investments-
Net
495
$1,045,552
25,750
;
25,500
$991,020.
$481,703
290,628
p.
the opinion that Childs has a
substantia) net equity in its real estate.
It, urges that properties not
required for restaurant purposes be sold and the, funds realized, applied
to
the payment of the debentures and (he claims of the
creditors.
The committee states the claim of the Childs' oreferred stockholders
committee that the preferred stock is entitled to priority over creditors
to real estate purchased by Childs for $3 734,590 has been studied by
the committee's counsel, Marshall, Bratter & Seligson.
The debenture
fund and for retirement $323',400 first mortgage bonds; pur¬
for sinking fund $34,000 general income mortgage bonds, and
paid maturing instalments of equipment obligations in the amount of
$588,260, making a total reduction of long-term debt during the year
1,073
'
11,203
$1,120,595
113
'
part
unmortgaged.
are
firm
271,885
$126,569
Chairman,
rejecting
estate
chased
41.576
_1
taxes
OChe'r
1944—Month—1943
159,
debentures.
The committee proposes that reserves
a
like payment to other creditors whose claims have
determined.
The committee states that Childs 1943 earnings before depreciation,
bers
$1,045,057
$60,411
Railway operating
-Earnings—
providing
1550.
companies,
been
Childs
sinking
,
Central Arizona Light & Power Co
has
trustee
to
with
preferred
Period End. February-
294,321
$1,109,392
Chicago Great Western Ry.—Annual Report—
had
it
Although
plan.—V.
Co.—Debenture
1943,
yet
for
Redeems Prior Preferred—
The
29,230
;
/
requirements,
—V.
V.
Court
and
Childs debentures were earned over three times.
The committee commends John F. X. Finn, the reorganization trustee,
(nor¬
See
also
the
IQ,
The last maturity of thethe certificates are nonmade arrangements with
purchased.
so
1947.
insurance
amended
putes that interest
1.951,337
$111,198
income
Net
in
Account—
amortization
$3,268,279
$126,451
25,287
income
mal
District
Series
standing 5%
1944—12 Mos—1943
1,931,880
:
'
Deductions
Fed.
Federal
the
certificates,
trust
retirement
Federal
the
aside
set
not
for
$3,335,593
536
'
_______
Broadway, New Ycrk, N. Y„ announces
that the above corporation has deposited with it funds to redeem the
.7% cumulative series prior preferred stock and 5% cumulative series
prior preferred stocks, which may be presented to the trust company.
120
is
understood
the
4.
is
31,
$280,000
$323,996
$110,662
Non-oper,
certificates
issue
by
protective committee for company's debentures, of which George
principal
com¬
States
,.*74,315
206,182
a
ferred
a
price not exceeding 102, all the $5,440,000
;
Wise
Dec.
cor¬
'
Operating expenses :
(other than Fed¬
Corp. of America—Amends
found
v
\
authorized
a
committee,, an
substantial
a
action, and that the prosecution of causes of action against the former
management would not, as the D'strict Court assumed, be barred by
the lapse of time.—V, 159, p. 1550.
,,
stockholders
V''1":-
been
principally
to
on
The
of
Court
the
Taxes
The
is
of
May
ment
barrier to investigate the possibility of
no
Commission
The
Operating
exploring
not
1037.
p.
Central Vermont Public Service Corp.—Earnings—
637,731
,
it
appointed
appeal to the Circuit Court that District Judge Robert N. Pollard
in
not
ordering further investigation into possible causes of
erred
is
has
far
contemplating reorganization and unification of the Chi¬
Surface Lines and Chicago Rapid Transit Co., are to continue
74,026
101,790
185,556,777450,990,836
12,503,003
.
brought
for
thus
management
Chicago* Surface Lines—Hearings Continued-
cago
111,789
constitute^
holders
$
15,682,314
_______
_
filed
has
mittee
its
but
debt,
the
by
company
1551.
p.
equipment,
retire
holders,
74,264
Richmond,
poration.
in
the
1549.
SEC
being
said
Hearings
_________
limitations
suit
existing
159,
have
trust
summation
1944 —12 M0S.-T-1943
1944
1944—Month—1943
$
Net
t
The
of
nominated
been
statement
123,599
the
(nor¬
requirements_
Appeals at
total, $6,813,126.
addition
In
gnd .three
2,087,564
326,113
and
callable,
of
Central States Electric Corp.—SEC Files
31,
(including $66,242
unamortized debenture discount and expense), $68,163;
e "
• • '
■
I'.'.',
Liabilities—Accounts
March
at
its
2Va%
Childs
value
(market
cost
average
.1944, $5,930,342), $6,487,557; cash
£
159, p.
has
to purchase, at
equipment
Balance Sheet, March 31, 1911
.
Assets—Investments
'
div.
—V.
$4,575,397
board.
present
are
v".
trustees
cancel
$7,489,909
profits' tax„
income
Net
proxies for the election
to himself, Mr.
new director's.
The
Robert F. Carr, Chairman of Dearborn
the
three
proxy
refunding
outstanding
115,492
$670,417
surtax)__:
excess
April 13
on
requested proxies
company,
stockholders asked
to
members of
program.—V.
objectors
14,206
28,260
•Loss.
;
of
at Chicago
$7,374,417
37,215
tax
letter
a
13
nominated
ments—
210,361
&
income
mal
225,012
$638,069
amort,
in
the
management's
The
17,715
>
of
D.
$16,909,386 $16,314,356
20,319
Deductions:
developed
directors
the
Chicago, Rock Island & Pacific Ry.- -To Retire Equip-
7,073,369
income
of
has
of
of
director
a
Mr. MacArthur
to succeed Mr. Reed.
"
Dividends
Boatner
seven
the board
of
Boatner,
meeting of stockholders May 12.
1944—12 Mos.—1943
594,374
income
Non-operating income__
V.
annual
suitable
$1,414,896
oper.
for control
Victor
retiring.
Co.—Earnings—
624,315
:
1349.
p.
Inc.; Arthur G. Heidrich, President of Peoria Cordage Co., and
MacArthur, President of Central Life Insurance Co. of Illinois.
statement issued by the management for the annual meet¬
ing nominates for election as directors all of the present , directorsincluding Mr. Boatner—with the exception of Bryan S. Reed who is
Portland
lease
$83,516,647 $78,449,295
A- proxy
159, p. 1443.
139,036
under
5,001,024
134,049
Mills,
6,913,634
$1,413,185
Fed. inc.)
6,427,846
credits
Alfred
124,259,035
1944—Month—1943
_v_
9,087,123
231,840
150,123
7.767.599
Co.; J. Travis Flieschel, President of Flieschel Lumber Co.,
Henry E. Perry, Executive Vice-President of Commercial Solvents
Corp.
The new nominees are John B. DeHaven, President of Allied
130,798
^
expenses
(other than
2,693.254
254.139
——
present directors nominated
17,120,653
receiver and trustee accounts.—V.
revenues
taxes
5.259,875
liabilities—,
and
25.925,341
138,218,368
Operating
Total
4,765
'
Chemical
1,197,731
129,'389
19 696,559
Period End. Mar. 31—
45
liabilities——
Boatner
824,459
27,952,428
Central Maine Power
365,958
liability—
contest
Mr.
of
597,345
liabilities_______L.__.___
'Combined corporate,
20,776
370,555
48,575
accrued—
_
for the
72,637
12,901
313,553
;
accrued^
(deficit)
A
1,158,513
140,516
accrued
surplus
tax
159.
when
2,468,769
1,328,249
263,730
credits
unpaid_.__—__—
Chicago & Eastern Illinois RR.—Proxies Sought—
3,632,384
payable
liabilities
531,018
938,215
42.195
346,974
accrued
surplus
—V.
860,942
wages
;
24,413,808
425,815
Total
60,674,963
liability
current
Deferred
Total
20,000,000
59,882,719
accounts
Unmatured
rents
Unadjusted
490,861
855,495
payable
payable
unpaid
698,895
23,417,150
124,259,035
payable
accounts
Miscellaneous
—
accounts
current
Deferred
4 V:;v'v;
Traffic and car-service balances
Audited
Accrued
Other
25.305
138,218,368
;
$16,767,809 $16,457,764
17,868,955
17,606,305
864,141
1,174,186
—
interest
Unmatured
43,681
20,000,000
bills
20,173
851,061
436,245
Unmatured
54,791
28,930
stock
and
15,004
1,561,323
$83,516,647 $78,449,295
stoclf
Dividends matured
4,955,917
1,838,061
46,222
debt
D.
0656,755
0704,880
,Opcr. del. bal. Dec. 3l_
Balance
!l4—
________
Loans
paid
inc,_
16,013
assets
Long-term
*$96,417
_________
net
8,149,106
216,794
287,389
receivable
Unadjusted debits
V.
56,855
1,802,649
payable—44,269
Interest matured unpaid_
312,004
600,000
receivable____^______^_
-i.:'.
advance
in
cji
—
Miscellaneous
2,170,355
assets..:
■
paid
premiums
Preferred
4,956,375
.4-4—
4
insurance
Traffic and car-service balances (Cr)____
Audited accounts and wages payable———
$
'
receivable..
dividends
and
Total
105 676,263
and conductors
agents
1,500
35 278
58,473
—
Long-term debt
200
supplies...,
and
current
Rental
14,360,520
31
from
accounts
4,202
1,500
40,513
assets
Common
*1942
106,847,153
receivable
receiv.
803,505
1,082,692
11,440
unadjusted debits
;V
';'7>
$
7,65O,Q0O
balances
569,990
703,828
1,263,491
assets———
Rents
$1,393,987
9,117,886
car-service
,4
Preferred stock
Stock liability-for conversion—Common
".
i
______
bills
and
Other
308,758
retired
for
prov.
years'
Undistributed
$12,340
$26,441
$24,972
$19,265
.444-44—
shrs.
corn.
;
3,332
loss
par vol.
over
for
-
Dec.
net
$3,983,779
_________
Operating
$27,597
receivable
Liabilities—
_______
Material
$61,287
40,711
_
income_^__
oper.
Cap,
3,634,676
6,078,034
$1,940,663
v
..
484,266
dividends receivable
current
1,500,000
51231L
492.645
conductors
&
receivable
means
41,407
sales
on
643.602
2,000,000
^
agents
$5,028,663
4,473,069
and
Deferred
receiver and trustee accounts.
.
Miscellaneous
T493
$6(),004
income
Net
Net
accounts
Rents
1,819
2,511
Total expense
I
744,868
Temporary cash investments
$60,794
__
from
supplies__.
profit
Investments
1941
$62,040
distrib'n_
—
receiv.
Interest and
$4,385,060
$8,456,847
■
Total
1944
Interest
to
—
i
Cash
:
$64,875
Dividends
$7,711,979
■
Assets—!
Corporate
v
....
Months
income_„.,_„
gross
Liabilities—
net assets of
31.
118,319
673,142
——
Total
.
March
from
loss
Common
*
124,012
'i'-.-.V:
General Balance Sheet, Dec. 31
.:
■"" ■' '
V' ''1'*1943
347.
p.
corporation, with securities at market quotations,
before deduction of principal amount of outstanding debentures, were
$6,200,921 on Maroh 31, 1944.
Of this total $5,930,342 represented
investments and $231,304 represented
cash in banks.
In the three
months ended March 31.
1914, such aggregate net assets increased
3.38%., and in the 12 months ended on the same date, 5.80%.
At March 31, 194.4, the asset coverage per $1,000 of debentures then
outstanding (excluding unamortized debenture disccunt and expense
of $66,242) amounted to $3,277.
This compares with $3,167 at Dec. 31,
,
122,251
—
'Combined corporate,
Traffic
purchase
May
'>T
Carriers & General Corp.—Quarterly Report—
Total
178,007
—$8,018,698
balance transferred
Inc.
•
Loans
that purpose.
before
Calif.—V.
188,983
$7,345,556
Special deposits
to Bank of America National Trust &
Francisco,
San
or
on
306,082
.
Sugar Co. first mortgage 7% bonds, due Aug. 1, 1941. at
prices (not exceeding $580 per $1,000 original face amount)
lowest
for
Investment
Trust
balance
Material
$4,681,386
.
Caribbean Sugar Co.—Offer to Purchase Bonds—
<"• The
$8,024,974
income—
income
Deductions
':
$434,000; class A stock ($1 par), $143,405; class B
value), $2,400; surplus (including $337,000 reserve),
'•
r* •
;
.,
,
securities
for
purchased,
for
deposits
.
expenses, taxes,
etc., $14,841; bank loans due
interest
2%
per
annum,
$1,150,000; $3 cumulative
A
Government
S.
for
series
Net
1942
$69,620,761 $69,097,507
7,163,403
3,913,622
;
—
Other
Gross
receivable,
total,
operating
Sheet, Dec. 31
road, equipment, etc.
Temporary cash investments
Special deposits !
1,628,110
(tut/
1944
In
Cash
Other
railway
Balance
1943
Investments
$6,309,496
$7,773,889
(Dr)__—
Non-operating income
31,
$330,066; investments in other securities—at cost,
for securities sold and called for redemption,
cost,
Liabilities—Dividends
against
$221,040;
facility rents (net)
Net
1943.
March
$15,749,901 $10,533,271
7,976,012
2,508,296
opeiv
1944,
ir>/io
31,
Sheet,
March 31,
income tax, was $565,516
receivable
dividends
$6,188;
banks,
in
01
Dec,
on
railway
accruals
tax
operating income______,
Equipment rents (net) (Dr)——
Joint
on
$38,929,768 $29,503,084 $22,336,739
23,179,867
18,969,814
16,027,243
Railway
32,550
.
'
after dedeucting $181,000 for possible Federal
from
revenue
General
Assets—
Miscellaneous
securities.
of
'1941
$39,534
$37,078
■
Condensed
'1942
$59,514
19,180-
Railway
"
'1943
Railway operating revenues.,^
Railway operating expensesj,___
1941
1653
Georgia Ry.—Annual Report—
Calendar Years—
Earnings for Quarter Ended March 31
1944
of
& FINANCIAL CHRONICLE
the
than
half
"In
the
the. per share level of. pre-war years.
five years
prior to Pearl Harbor
(1937-1941, inclusive)," Mr.
1654
Keller said,
some
"profits averaged $8.47
50,000 people who own
"In
the
$4.40
the five
;
There
share of stock in the hands of
per
and
this business.
Pearl Harbor (1942-1943)
,';'■ .*;•/■ ■'-;'■
since
years
share.
per
"In
two
y-■
,
v
Harbor,
2Va
business
cents,
less
or
the pre-war profit per dollar
than half
done."
The
done in
of
work."
war
that
added
Gas
corporation permission to
officially associated with the B-29
The
further
announcement
■"
been
goes
to
this plant to
of the 1944 quota and should continue to rise.
"At the present
the total consumption of electric
rate of production,
at the Dodge Chicago plant each month is equal to the require¬
of an average city of a million people.
power
ments
"Under
rates
present
production,
of
aluminum,
pounds of
3,000,000
1,000,000 pounds of magnesium and 3,000,000 pounds of steel are being
used a month."—V. 159, p. 1349.
since
Ever
the
*
•
.
In
the
Cash.in
5,502
Cincinnati, New Orleans & Texas Pacific Ry.—Earns.
Years Ended Dec. 31—
Operating
expenses
1943
•
•
—
—
J
Net
.
Taxes
Joint
equipment
rents
facility
Net
income___
Non-operating income
Total
Total
total
from
Dividends
on
common
$6,084,245
1,861 488
$3,432,479
$4,222,757
122,670
122,670
3,588,000
2,242,500
112,447
3,588,000
betterments
*After
$5,293,692
1,861,213
$4,700,164
and
additions
for
$5,958,047
126.198
__
preferred
approp. •
$5,222,964
70,728^
stock—_____•
on
•
167,768
165,838
stock—
income
available
$9,543,206
3,755,992
Cr338,601
$6,581,975
1,881,811
income
gross
Dividends
Income
$6,440,820
141,155
____
income—
gross
Deductions
176,338 v
____
operating
railway
~
*
operations— $17,449,959 $14,406,619
*10,939,206
*8,896,710
Crl06,405
121,106
—
of
Hire
from
revenue
1941
1942
$37,213,864. $20,697,673 $22,621,591
19,763,905
16,291,053
13 078,386
revenues
Operating
:
1
A,. '
.
Est.
180,000
______
—
deducting tentative post-war refund
Balance
of excess
profits tax
Sheet,
Dec.
of
31
1943
Assets—
1
Cash
Other
57,681
due
Material
and
supplies—
and
Interest
assets
:
867,011
22,297
I
23,040
713.975
1,144,702
:
—
1,417,616
(par $20)
stock, 5% cumulative (par $100)
Equipment
Audited
obligations—.—
and wages payable—
payable
trust
matured
rents
Accrued
tax
1,281.939
326,833
33
$17,638,646.
37.266
•applications
57,648
—
accrued____
28,070
'
23.646
570,364
11,979,616
9,110.648
88,085
amount
557,639
48,971
liabilities-.
liabilities
Deferred
Additions
Profit
to
and
309,984
;
13,791,372
32,531,895
30,965,597
8,716,701
property—________
loss—balance
2,346
11.840,256
to
of
about
the
Accrued
—V.
A——$88,309,842 $79,501,583
159,
carried
it
Other
Special
SEC
The
—
on
over
and
$6,616,000
a
surplus
to
prior
to special
to
Jan.
non-affiliate)
a
in
Cincinnati,
of
shares
income
company,
and
sale
to
a
amount
the
demand
notes,
all
be'ng
the
Corp.
tentatively fixed at $1,520,000,
is
dividends
aggregate
Inc. (slated to
of all its interest
to
received
be
bv
securities
outstanding
265 shares of common stock
the purchase price to be paid
of
Interests,
Bayou
by Columb'a Gas & Electric Corp.
Newport and Covington Railway Co., consisting of 9,734
common
stock and $1,304,597 principal amount of 6%-
except
nati,
and
tfre,-
dispos'tion
simultaneous
be
to
Gas
159,
by
p.
of Cincinr
other holders.
Columbia
which,
Columbia
approximately $1,900,000.—V.
held
The
Gas & Electric
together with interest'
& Electric Corp., will
1037.
.
.
&
suits
corporation,
the
against
Gasoline Corp.
were
159, p.
1944—3 Mos.—1943
$61,599
$64,224
$182,071
$187,834
10,333,324
passengers
9,723,836
29,707,270
27,823,491
Gross
In
1943
Columbia
Output of gas
Sytem's
System
and electric
effort
to
5.
program.
support
threw all its energies into the war effort.
reached all-time high marks in the
& Gasoline Corp.
:■■
lines,
country's
war
production
in
itself operating
in
the pubMc utility field,
because
in
some
Electric
revenues
Railway
and
Oil
$
make
it
area.
The System
it. is
imnracticable
divide"!
into
better coordinate
for a single corporation to operate in the entire
is interconnected and operates as one unit, although
eight territorial groups or divisions to simplify and
the local
management.
26,830,172
Oil
Gasoline
&
720,212,662 698,400,379
and
;;LL;L' '
___,
—
40,405,920
___.
bus revenues-.i_L__.___
revenues-:
gas
from
sale
of
Gross
for
$21,339,967 $16,833,773
commissions, record
agency
Income
83,395,391
Federal
49,956.
27.646
$3,445,347
$2,271,671
taxes—
598,000
taxes—
1,682,000
591.600
648.400
income
(net)
______
taxes.
before
income
Net
income
(Earnings
.
1, 1944.—V.
6,514,860
„.
retirements
and depletion—
v
excess
profits
Commercial Investment Trust
22,531,344
income—1—_
186,997
Preferred
lotment, 15 the smallest.—V. 159, p. 1551.
Commonwealth Edison Co.—Weekly
<
of companies^
excluding sales to other electric utilities for the week ended April 15;showed an 8.7% increase over the corresponding period of 1943.
Fol¬
lowing are the kilowatt-hour output totals of the past four weeks and
*V.1\
percentage comparisons with last year:
Week
15
1
Mar..
—V.
—
188,898,000
Gas
25
159,
8.7
174,621,000
171,292,000
171,347,000
171,685,000
&
10.3
12.8
11.5
H^
1551.
P.
•
2,450,012
2,450,012
-6,344
—
—
to
•
ritory served for the week ended April 13, 1944, amounted to 245,353,-5
70.9 "as compared with 230,891,872 for the corresponding week in 1943,
an increase of 14,461,837 or 6.26%'.—V. 159, p.
15&2.
:%r,{
,
r-
6,940
the
on
record
and 50
10,890
380,257
23,168
.
'
no
cents
on
special
dividend
of
50
stock, payable May
a
common
15
cents paid
June 30, 1943.—V. 158, p. 1935,
This
1.
May
declared
value
par
compares
with
25
••".■/
a■•■■ •■■■■;■.:,,
Consolidated
Cigar Corp.
.
cents
per
to holders
Dec.
on
1,
last,
r'xj
■..•
To Redeem Outstanding
—
6V2% Prior Preferred Stock—
a
;
■
corporation has called for redemption as of May 19, 1944, all of
shares of 6V2rfi cumulative prior preferred stock'"at
The
outstanding
share,
per
be
City.
plus
at
made
dividends to May 19, 1944.
Payment
Trust Co., 45 Beaver St;, New Yofk
accrued
Manufacturers
•
desiring
to
receive payment
/ '■
■
'
""
?:
for their stock prior to May 19
surrender their stock certificates for retirement and cancellation
any
time and receive therefor $105 per share, plus an amount
may
at
equivalent
to
1944, to the
dividends accumulated and unpaid thereon from Feb.
date of such earlier surrender.
"
Transfer
The
398,135
i—'
have
directors
The
share
Corp.:
revenues
revenues—:
Inc.—Special Dividend—
Conde Nast Publications,
17,126,934
16,841,937.
corporation
Electric
Corp.—Weekly Output—
Southern
&
weekly kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of ter¬
of this
will
——L__
&
193,357,000
191,421,000
—_
% Inci
1943
189,821,000
8
April
group
1944
Ended—
April
April
176,032
'
interests———
dividends
Columbia
Other
*'•-.'
Output—
Electricity output of the Commonwealth Edison
22,981,732
3,397,846
applicable
Corp.-—Special Offering
purchases by 22 firms; 1,980 was the largest al¬
34
were
the
income.—22,718,341
fixed'charges
3,420.048
applicable to minority
Earnings
:.lt
special offering of 5,000 shares of capital stock (np,
par) was completed on the New York Stock Exchange
April 17 at $43% per share by Hallgarten & Co. and
Shields & Co., in the elapsed time of 15 minutes. Com^
mission 60 cents.
Bids were received for 6,588 shares
and allotments were madron a basis of 75.9%.
There
$105
operating revenues—.—-.
other
vC
.
—A
22,805,700
19,697,219
tax_
Net
corporate
1349.
-
15,454,821
9,984,408
6,916,374
13,884,675
16,246,140
Other
and
of
p.
♦
2,262,053
6,636,990
2,304,836
other than Federal-'.—10,314,971
for Federal income tax.
7,363.891
Interest
159,
$70,000 in 1943.
value stock out*
1944 and
$2.50 par
in
36,138,363
2,735,059-
Provision
for Federal
$0.68
post-war relund of $186,000
(Calculated upon the 1,717.076 shares
standing as of April
$1,031,671
$0.60
$1,165,347
—
share—
per
*After
revenues—139,925,464 128,761,535
—______L—56,997,626
52,946,818
—A 6,774,272
6,-768,740
(■Provision
$2,244,025
amortization—_
depreciation and
*Excess profits
Total gross
Provision for
231,543
5,145,013
6,999.796
2,180.577
264.361
6,762,331
8,448,729
discounts.———
and
profit
Miscellaneous
Maintenance
Taxes,
('
Apr. 3, '43
talent,
facilities,
etc.
allowances
Provision
of
Operation
Subs.)-—Earns,
Apr. 1, '44
:
Operating expenses and cost of goods sold—
*1942
steam and other operations--1,725,363
Water,
its subsidiary
and
Corp.
1145.
p.
Selling, general administrative, expenses—2,501,972
$
81,419,295
..
Manufacturers Trust
■
Vr
Agent Appointed—
Co.i New York, N. Y., has been appointed
preferred stock.
•
•
<£;
transfer agent for
40,000 shares of no par cumulative
See
159, p. 1444.
offering in V.
,
.
.
..i-n't
Total
Administrative
—
and
other
—
Net
403,425
taxes—
2,042,235
1,819,222
1,633,209
1,415,797
and
expenses
loss
revenues,
——409,026
—______
revenues
Consolidated Edison Co. of New York, Inc.—Output—
The
Balance
before
fixed
15,208,728
charges—„—___________
15,711,137
fi^ed charges.1—: 4,392.078
5,'207,890
capitalized—-——!_T_L————L—''■X7'7'7,777-'^:Cr320,820 j
•Interest .and other
Interest
Consolidated
Preferred
net
dividends
income
;
10,894,428
—_
_L_.L_'
paid
6,453,640
i0,824,067
6,453,640
company
(electricity
1944,
for
states
whi^h Columbia System companies render public utility service only
domestic corporations, that is, corporations incorporated in those states,
are
permitted to do pub'ic utility business.
In other states, tax laws
—
Balance'
Consol.
4,440,788
—
dividends
earnings
*Restated
to
per
1,222.987
share of
include
com.
income of oil
outstdg'
'
and gasoline
$0.36
4,370,427
'
_——
$0.35
subsidiaries and cer¬
on
April
generated
amounting
the
to
19
of
announced
electricity
of
kwh.,
1943,
amounted
to
system
for
purchased)
and
197,900,000
corresponding week
tribution
the
compared
an
output
of
electricity
week ended Apr)1' .16,
with 178,100,000 fcwh.
11.1%'. Local dis^
increase of
197,200,000
kwh.,
v/itli
incregs^
compared
173,700,000 kwh. for the corresponding week of last year,
13.5V. "159,p.' 1552. J~'
—
an
of
Consolidated Electric & Gas Co.—Sale—
The
Common
t
14.035,331
18,986,236
14,336,583
——
——
Columbia
159,
records,
returns,
capital surplus
of about
88,544,262
_______
•
The System is composed of Columbia Gas & Electric Corp. (the hold¬
and 41 operating companies engaged in the business of
producing and distributing gas and electric energy and related services
in the States of Kentuckv, Maryland, New
York, Ohio, Pennsylvania,
Virginia and West Virginia.- Corporat-ion must operate as ar holdingoohipfmy owning the securities of these operating companies, rather
L
—
discount and
Time
subsidiaries)
and
'■
revenues—
energy
to the utmost the
1938—
Statement for Calendar Years
Income
companies:*'1
Subsidiary
Gas
Interest
ing company)
than
1,
£
income
The
Balance
Columbia Gas & Electric Corp.—Annual Report—Ex¬
206,763,819 172,086,303
89,360,943
98,446,324
Consolidated Income Statement
1247.
tracts from the 1943 annual report follow:
1,163,725
380,570
pending rate decisions——
withdrawn.
(Not including Columbia Oil
Gross
1944—Month—1943
Period End. Mar. 31—
Corporate inc. aft. chgs.
—V.
accrued
surplus—
including
Holders
Cincinnati Street Ry.—Earnings—
Revenue
and
Columbia Broadcasting System, Inc. (&
7:AA: .AV/y
brought by Missouri-Kansas
has been completed.
Various
35,385,336
1,932,489
2,501,537
794,952
3,876,434
2,308,944
interest
liabilities.'—.—
accrued
'——
3 Months Ended—■
debentures and
1943
subsidiary of Columbia Gas &
Electric Corp.
The following transactions are proposed:
Cincinnati proposes to declare and pay from the unrestricted por¬
tion of its special capital surplus a cash dividend of $30.08 per share
on
its 10,000 shares of outstanding common stock, aggregating $300,800.
The payment of this dividend is contingent upon the prior or
by
3,158,246
45,970,054
1,765,314
and
—
*Not
1938,
1.
93,077,900
3,102,878
——_
deposits
companies.—V.
Electric Corp; reduced the
in
these
properties to
charge
71,998,521
76,835,000
surplus
Total
12,223,258
69,176,296
—
Corp
—
capital
Earned
$200,000 is expected when the dissolution of Columbia Oil & Gaso¬
line Corp.
SEC Issues
12 issued an order permitting to become effective
April
filed
declaration
'
Electric
&
payable
Surplus prior to Jan.
,
Permitting Declaration to Become Effective—
Order
a
Gas
Commonwealth
Covington Ry.
12,166,800
12,223,256
interest-
current
4,062,975
12,166,800
4,062,975
Contingent earnings
investment
its
reduction involved
This
Comparative Consolidated
Newport &
103,473,040 103,473,040-f
stock—.——
no par shares)
preference
subsidiaries
Reserves
1349.
p.
Cincinnati,
(par. $100).:
cumulative
taxes
Customers'
50,000,200
249,867
238,722
stocks & surplus
Corp.:
(12,223,256
Columbia
Accrued
.
..Pipe Line Co. and Lucille I. Damann and stockholders of Columbia Oil
Total
of
Accounts
decided
Columbia Gas &
SEC,
which
at
1,287,483
50,000,000
—
com.
A—
stock
etc.,
Bonds
$940,000. In the transaction Columbia Gas & Electric Corp.'s earned
surplus was increased by about $2,153,000, and a further increase of
9,343,009
.
stock,
cumulative
Bonds,
Oil & Gasoline Corp. at a net figure of
these companies and after proper
Columbia
of
4,950,960 t
791,013
series
Common
Upon the acquisition of
$9,904,749.
,
Unadjusted credits
—
series
companies.
stock
preferred
766,688
4,484,342
expense__
:
Electric
&
5%
Corporation has for many years owned the
This stock had paid
dividends only sporadically and none since 1938.
Columbia Gas & Electric Corp. had carried its investment in the
4,540,000
accrued..:..
stocks
Gas
5%
preferred stock of Columbia Oil & Gasoline Corp.
365,029
liability
current
assets
line subsidiary
2,453,400
33
unpaid—
interest
Unmatured
and
720,212,662 698,400,379
6%
received $8,886,533 in payment of the debentures, and
preferred stock received $2,330,110 in cash and cur¬
and all the stocks and debt of the operating oil and gaso¬
2,499,644
unpaid
Unmatured
$8,970,000
.
disct., premium
1,786,417
2,420,233
1,993,244
tax_;
Stocks—
Preferred
the
of
5,948,000
accounts
matured
Dividends
$8,970,000
2,453,400
—
accounts
Miscellaneous
Interest
holder
as
rent
stock
Preferred
1,907,077'
4,281,481
_______
profits
excess
charges
Preferred
the U. S. District Court for
arguments,
Kentucky
tric Corp., the holder of Columbia Oil & Gasoline Corp.,
$88,309,842 $79,501,583
Liabilities—
Common
lease rentals and"
gas
deposits__
Minority interests in
preferred stock,
Total
Other
District
10,397,059
4,041,184
9,103,152
4,122,050
7,597,180
..—
—.
Columbia
bankruptcy proceedings involving those companies This case is being
appealed to the higher courts.
,
There was consummated during
the year, after several years of
consideration and extensive hearings before the SEC and appeals to
the courts, the plan for the sale by Columbia Gil & Gasoline Corp. of
its interest in Panhandle Eastern Pipe Line Co. and
the dissolution
of Columbia Oil & Gasoline Corp.
As a result, Columbia Gas & Elec¬
1,211,813
1,570,596
debits
of
denied.
and
trial
extensive
an
Eastern
.
61,739
____
assets
Unadjusted
108,653
1,376,989
63,961
:
receivable
dividends
current
Deferred
receivable
accounts
Miscellaneous
1,667,407
174,392
1,130,930
agents and conductors—__
from
debt
29,765,948
11,224,600
Subsidiary companies:
that the corporation was
not entitled to receive anything on its claims against or investments
in the American Fuel & Power Co. and its affiliated companies in the
the
7,004,744
"37.299
„_
and car-service-balances (D> )_
•Balances
Other
9,700,000
—
After
5,200,176
3,099,411
investments
Special deposits
taxes,
.•
•
^
Liabilities—
Capital
Company Act,
■
storage—:
supplies—.
deferred
Total
'
a
to higher courts have been
5,309,958
—__
cash
Temporary
Traffic
1942
$64,619,483 $61,227,552
Investments
A
$
—22,002,354
9,404,902
a
$872,444 in 1943 and $575,000 in 1942.
General
\
'v
1942
■■
35,378,577
—
etc.—
Unamortiz.
suit was brought against the Warfield Natural Gas Co.,
wholly-owned subsidiary, alleging damages in excess of $70,000,000
in
connection with, the
title of certain gas lands.
This.'suit was
decided in favor of the Warfield Natural Gas Co. in the U. S. District
Court for the Eastern District of Kentucky, and the plaintiff's appeals
:A in 1940
and
post-war refund of
the
concerned,..
\
1943
626,998,257 594,889,617
1,252,185
27,767,038
advances.—,
hand
on
Special funds, and
Columbia System. In fact, the disposi¬
Michigan Gas Transmission Corp. and of the Indiana Gas
Distribution Corp., the dissolution of Columbia Oil & Gasoline Corp,
and the sale by it of the control of the Panhandle Eastern Pipe Line
Co. have all been major steps
to make the System conform to the
so-called integration provisions of the Act.
VAA A
!
An
application to merge the five operating companies in western
Pennsylvania into one company was approved during the year by the
Pennsylvania Public Utility Commission. This matter is now pending
before the SEC and the- Federal Power Commission, awaiting an order
from the New York Public Utility Commission involving .a small prop¬
erty in that state,
>
A.,; ■■';.• ...A;■/••-- aA,a
Under an order dated Jan. 25,
1939, authorizing the creation of
special capital surplus and other capital changes, Columbia Gas &
Electric Corp.
was granted five years by
the SEC to make certain
adjustments in its book accounts, including the book walpes of its
investments in subsidiary companies.
This necessitated the determina¬
tion of the original cost of property ("the cost of such property to the
person first devoting it to public service") of the subsidiary companies'
and the approval of this original cost by various regulatory authorities.
The necessary; work involved has not yet been completed,:. The SEC
granted an additional year's extension, until Dec. 31, 1944, of the
date for the return to common stock capital of that part of special
capital surplus remaining after the adjusting entries have been made.
On April 8, 1943, the Public Utilities Commission of Ohio, by consent,
terminated the litigation with respect to a rate ordinance passed by
the City of Columbus in 1939, which had expired in 1941.. The ter¬
mination of this litigation and the
litigation in connection with a
%previous rate ordinance of the City of Columbus, together with the
settlement of the controversy regarding rates with the. City-Commis¬
sion of Middletown, Ohio, has resulted in, the-release of about $3,394,000 of contingent earnings to the surpluses, of.vthe. operating, companies
■'
and
underground
royalties,
Public Utility Holding
and
Prepaid insurance,
.
.
4
in
Gas
application of that statute to
of
banks
Materials
regular
the
securities
Temporary cash investments.—-—.
Accounts receivable
.
of
Sheet, Dec. 31
$
Investment
companies and personnel of Columbia
a .a :
"A; ;A:--.:y.A L-..A' ■'
Integration of System—Litigation
the passage
Balance
plant-
Utility
management, the special committee of the board of directors
board of directors have given close and careful study to the
counsel,
tion
say:
1,228,448
■403,792
1,240,577
409,294
'"Consolidated
,
:'V..
the member
by
-A,'
Steps
and
engines are now coming
Employment has already passed
plant in increasing volume.
23,000 or 60%
'
through
year,
purchased
17
program.
on
the
System.
"Large numbers of 2,200-horsepower Wright
out of this
$40,405,920 V .< $36,138,363
;
Assets"™"
17,582,735
441,576,724
$7,124,967
$4,267,557
12,129
$81,419,295
and its
refund
.
-Increase-
169,701,742
2,085,769,531
at
V
(Not including Columbia Oil & Gas Corp;
credits for debt retirement and-post-war
(After
in 1943 and $1,568,013 in 1942,
-
operation of sinking funds,
calls or serial payments, the debt of subsidiary companies was reduced
by $2,822,225.
Through the application of the monies received as a
result of the Columbia Oil &
Gasoline Corp. liquidation and other
available, cash ,$16,242,900 Columbia- Gas & Electric Corp. debentures
were retired.
The. interest savings resulting from these debt retirements
will not be fully reflected for another year, but amount on an annual
basis to $919,000. 1
A;;'.V ..''"KA'A'"'.
Government war bonds and notes to the extent of $40,000,000 have
During
that the engines which
announce
1942
Financial
being, made at its huge Dodge Chicago plant are for the B-29 and
other large aircraft.
This is the first time that the Government has allowed
be
customers
.
$88,544,262
___.
•
income.
subsidiaries.
of $2,183,030
business
•
>
2,527,346,255
L
revenues—.
year-endElec. customers at year-end
:
Army Air Forces Materiel Command at Wright Field on April
this
gave
<
,
•«
the
between
other
tain
are
women.'1 There are
are
comparisons
187,284,477
sales, kwh
gross
Electric gross revenues-^—_
■
are
•
sales, mcf._—
Gas
has
corporation
the
Wright Engine Output Increasing—
The
shows
'
pared the cost of war
products many millions of dollars in 1943, listing a saving to the gov¬
ernment of about $60,000,000 on marine tractors and harbor tugs de¬
signed and developed, of more than $1,000,000 for improvements in
manufacturing methods applied to the construction of B-26 Marauder
Bombers, of nearly $3,000,000 for various improvements in the design¬
ing and manufacturing of parts of medium tanks and "of more than
$12,000,000 through improved methods of making ammunition and the
development of steel cartridge case manufacture.
Keller
Mr.
tabulation
1943 and in 1942.
Electric
$3.50 per share in 1942
•
(42%)
24,000
over
1,781
women;
are
57,000 holders-of com¬
1943Gas
and $3 per share in 1943
—as compared
with $5,50 in 1940 and $6 in 1941.
Naturally it also
put aside some money to help cover the extraordinary expehses of
getting back into peacetime work and quickly making possible post-war
jobs—because our plants were practically torn apart to convert them
to
these
of
following
'
.
dividends of
and
(49% )
12,482
There'are about
13,500 stockholders who own more than one class of .stock.
Interesting, too, is that in these two war years the corporation paid
taxes almost twice as much as its profits.
And paid to its stock¬
holders
these,
of
stocks,
other fiduciaries.
and
stock,
mon
prior to Pearl Harbor, out of every dollar of sales
cents.
In the two years since Pearl
years
Monday, April 24, 1944
25,329 holders of Columbia Gas & .Electric Corp. preferred
are
preference
trustees
profits averaged
the corporation had left about 5Va
in
FINANCIAL CHRONICLE
THE COMMERCIAL &
SEC
17 the sale by Consolidated to Scott,
Va., of all the capital stock or
Consolidated also will turn over in the
deal $144,600 of Roanoke's first mortgage 5Mj %
collateral trust bonds
at 101 of principal amount plus interest.—V. 159, p. 1552.
"a
Horner
&
approved
Mason,
Roanoke Gas Co.
on
Inc.,
April
Lynchburg,
for $831,271.
Volume
Number 4275
159
THE COMMERCIAL &
^
±
Container
i
Corp.
^Provision
for
Federal
Appropriation for
:x
1943
$2,737,465
taxes—„„—1,967,948
income
and post-war
war
"
$1,471,094
1,002,781
200,000
ferred
Amount
to
carried
share
per
surplus
—:
$377,359
$0.73
—
(./'Provision for Federal
income
profits' tax refund.
excess
:
—
taxes
tNet
after
after deducting post-war
'charges, including deprecia-
1445.
p.
^
the
.V
.
three-month
'
General
ended
Dec.
1943.—V.
31,
Steel
credit,
below —V.
159,
"L ir
•
"
*
r»
\ • ,r"
•'./
/'
•
{J}
V
.
<jj
///
1941
'
-
<jj
' /,
•**,;'*
•
1940
84,221,960
ministrative
82,864,759
75,967,391
69,246,558
*
3,785,457
3,776,400
Net
income
oper.
33,082,023
'•
•
not
"'cos.
Divs,
i,,
consol.,
and
int.
net-
•
1,233,735
1,414,157
338,308
.'
-
,
'
,1
i
,,
,
35,953,629
8,992,154
8,144,295
10,948,648
1,378,369
1,664,728
7,485,177
7,247,650
1,423,516
6,544,152
5,655,336
'
17,582,757
17,037,314
4,916
9,229
or
State income taxes
Cr890,627 Crl,518,284
Cr804,353
640,284
660,042
2,962,430
1,487,919
304,176
171,561
142,298
306,153
79,443
adj.
1,200,000
at
than
not
been
determined
probably
$5.50
will
share.
a
intends
company
special
a
to
be
at
to corp.
accr.
14,080,702
14,924,698
15,398,082
4,682,377
4,682,378
stock,
of
from
tShares
standing (par
Earnings
made
was
meeting
and
and
amounted to
$3.00
-
State
State
oil
oil
and
and
$19,625,375;
4,682,565
$0.92
$3.29
$3.19
excise
taxes
paid
Fed¬
1943
in
accrued
or
1942, $21,387,612; 1941, $22,564,283; and 1940,
$19,645,200.
tDoes not include treasury stock.
necessary for Federal excess profits taxes.
April
Jan.
on;
3,
paid
1
;No provision considered
Crown
as
of
of
cumul.
and
$1
record
and.
issue
159,
Cork
31
agreement
feProperty
accounts
Government
contracts
be made
$1.66
.
of 55#>.
15,000
11,293,044
U. S. Treasury tax notes, at cost-Notes and accounts receivable——————
Inventory of crude oil,
Materials
Other
and
etc
743,002
1,754,388
assets
,
March
July
on
last
25. cents
partic.
7.
which
.Arrearages
share
per
first
similar
A
1,- 1943,
year.
Other
investments
Notes
receivable
and
(not
cos.,
advances
etc
amount
to
-
1,832,928
Cost
of
Gross
Report—
f
Amortiz.
the
to
sales
concluded
effect
made
that
under
a
of
—
524,652
contracts
renegotiation
income)
on
1943
"Mr;
Accounts payable—
Notes
payable
-
1,367,773
current—
Due
to
controlled
10,572,687
Accrued
debt-
2,232,158
for post-war adjustment
Deferred credits
L__.
and
conting.—;
annuities
ceived
the
on
1,200,000
financial
of
surplus
and
99,410
—
98,896
Earned
conting—
1,853,017
1,892,097
49,102,900
49,102,900
50,901,862
67,592
surplus from
pipe line
sFederal
earnings—.—
—491,097
31,84(5
3i,667
721,376
92,108
217,204
.Total
Cludes 56,032 shares in
Rnd
carried
restricted
at
1943
value,
no
to
as
and
fin
554,364
/' \
56,030 shares in
excess
and
of
7%
use.—V.
of
1942 held in.
caculated
ICC
159,
p.
as
from
305,551
969,952
$5,124,454
Copperweld Steel Co.—Annual
Common
etc.
79,844
136,987
.-j
-
f'f
1943
Gross
Cost
sales,
of
less
discounts/etc.
sales—,
Gross
Selling,
profit
gen.
_J_
sales
admin,
1942"'.
1941
$33,622,430 $29,434,495 $33,865,832
30,352,959
24,757,250
27,306,733
;
from
&
>
$3,269,471
$4,677,245
$6,559,099
expenses—
1,868,542
2,113,390
2,052,945
profit from operations—__
Income charges (net)
$1,400,929
$4,506,154
192,733
$2,563,855
117,740
""155,899
tl,301,626
12,624,649
JfcNet
for
SProv.
excess
€>i
Fed.
profits
&
State
income
524,125
net
Net
—V.
n/Net inc. before adjust,
/ Jn i'years
Net adjustment of prior
Net
income
-
2,090,400
/ $1,708,564
$2,929,861
2,660,809
$1,637,056
for prior
$1,052,297
years—
jCommon "dividends
$1,460,791
Crl24,075
for
year_———_
dividends
Preferred
$1,144,489
$1,052,297
$1,268,564
99,295
107,897
411,891
$1,460,791
*, 114.667
411,891
•.
—
*
411,890.
.
Surplus
Previous
^
-ji".
earned
•
surplus—.,.—:—
$934,233
2,968,730
2,034,497
$3,717,506
$2,968,730
per common
share
—
"siAfter deducting $182,802
—
excess
profits
>eqoverable, because of unused excess profits tax
flfudes $787,734 for Federal excess profits tax
of
$87,526.
tlncludes
§$1.50 per share before
$1,313,635
recapture
paid
credit
after
Federal
-
$2.61
for
for
excess
nrior
1943.
debt
of prior year's taxes.
"prior year' aajttstmentsr
Balance
§$2.25
taxes
year
..
profits
H$2.01
tax.
before
- ~ •.—
506,269
388,216
258,310
tax,
share—
$1,845,000
less
in
$184,500
.1942/and
:..
v
$1,991,500
and $199,150
1943
excess
depreciation
in 1942
for debt
in 1941.
profits
taxes
amounted
Assets—Cash on hand and on deposit, $3,062,2651 U. S. Govt-r-seeurities, at cost (including $680,000 tax notes, less $321,029 deducted from
accrued
liability), $2,057,817;
accounts
receivable
(less
l'eserve
of
$234,046),
connection
drawback
$1,912,665;
receivable
from
with
on
and $1,591,815
1942,
Consolidated
,
to
receivable
due
in 1941.
Balance
Assets—Cash in banks and
Defense
Plant
Corporation
in
construction, $457,930; inventories, $6,386,318; duty
imported copper, $260,6891 notes and accounts receivable
said,
rule
1944
operations
maintenance
such
<
1943
$91,695,519 $79,365,689
■
/ ■•;/, ■-■:/
■■
■
charges,
retirement
current
(depreciation)
63,111,676
53,985,784
3,600.000
2,960,000
11,225,000
9,550 000
•
tax
charges
income:
105,130
income
109,303
$13,863,974 $12,979,208
4,827,183
4,743,857
(net)
159,
$9,036,790
1249.
p.
•
$8,235,350
;
.
.
directors
Dividend—
on
April 13 declared a dividend of 25 cents per share ■
stock, no par value, payable May 19 to holders of
A similar distribution was made on this.issue on May 12-
the'common
for excess,
retirement
'
;
31,
in
$2,092,269
;
; ;
Dow Chemical Co,
9 Months Ended—
""Net
^Earnings
for
$2,321,629),' $8,340,441; machinery and equipment (less allow¬
ance
for depreciation
of,'$11,341,155), $16,926,922; plant construction
in progress: $742,328;,"patents- and
patent applications, $461,976: de¬
benture expenses. to be amortized,.
$45,061; total, $53,342,223.
to
payable, $850,000; accounts
etc., $2,097,760; advance payments on
other subsidiary
payable
war
The company has
1944,
all
vertible
of
the
issued
stock
preferred
at
$115
per
amounting to $r.37y2'per share.
Payment
tral-Hanover. Bank & Trust Co., redemption
York, N. Y.
'
" " /
:
" '"
shares
plus
These shares
30,
1944: into
stock
dends
In
all
of
share
for
each
will
be
may
be converted until
common
stock
share of 5 Va'/
made
connection
upon
with
the
outstanding
and
accrued
the
at
accrued
'•
of
seven
for
shares
of
it
is
$4.92
and
excess
of
surtax
stock
for
$400,000
and
nine
months
fOn
taxes.
ended
February
1,248,706
include
divi¬
from
an associated
company and compare
$700,000 and
$1,250,000 for the nine
1943 and 1942, respecticely.—V. 159, p. 1350.
received
received
months ended Feb.
profits
\'!
excess
outstanding..
the
28,
of
Eagle Picher Lead Co. (& Subs.)—Earnings'<•'/.
sales
1943
^
profit
:
1942
Common
shares
per
outstanding
890,448
;
475,338
899,076
;
!—
share
common
$11,348,000 $10,058,000
—
:
—
899,076
$0.43
$0.50
•
"After
charges and Federal taxes..—V. 158, p. 2190.
Ebasco
For
Services Inc.—Weekly Input—
the week ended
ating
companies
American
tional
&
Power
during
of
&
Power
1943
Light
were
April
13,
Ebasco
Light
as
Co.,
1944, the System
Services,
Co.,
Inc.,
Electric
compared
as
inputs of client oper¬
which are subsidiaries of
&
Power
with
National Power & Light Co.—
105,244
89,921
1943
Amount
Percent
16,861
159,453
10.8
85,837 -4,084
above
Paso
Electric
Revenue
from
subsidiary
Co.
any
12.4
companies
(Del.)—Earnings—
1943
companies
1942
$543,533
Expenses
Federal
4.8
,41,614
93,630
figures do not include the system inputs of
appearing in both periods.—V. 159, p. 1553.
> ■
El
Na¬
week
Increase
1944
176,314
not
and
Kilowatt-Hours—
-
American Power & Light Co.—
Electric Power & Light Corp.—
The
Corp.
corresponding
—Thousands, of
•
Operating subsidiaries of:
12 Months Ended Dec. 31—
•.
Light
the
follows:
$329,229
18,197
Income
taxes
taxes——:
16,916
30,808
—
v
'
18,685
1,628
—i.,
Interest
293
4
13
$492,895
$203,322
common
No adjustment of
divi¬
redemption on June 30, 1944, of
preferred stock, at $115 per
stated that the major portion of
convertible
normal
common
dividends
Other
"
the close of business on June
rate
of
Earnings
con¬
conversion.-
call
dividends,
5 xh /.
of
agent, 70 Broadway, New
preferred stock.
such
5y2%
the
taxes
contracts, $656,137;
dividends
will be made at the Cen¬
share,
$5,819,127
$4.88
income
,
$178,676;
outstanding
and
$6,322,592
$5.70
Federal
and
Quarter Ended March 31—
called for redemption and will redeem on June 30,
47,244
dends
with
""Net
Cuban-American Sugar Co.—Redemption of Preferred
:
depreciation
Note—Earnings
Net
materials,
for
$4.33
,
accrued taxes, interest,
salaries: wages and other expenses, $880,7671 provision
for Federal
taxes on income, (including $204,455 for additional income tax,
and
interest, for prior year, in controversy) (less U. S. ^Treasury tax notes
.usable for payment of Federal taxes on income, at principal amount, *
of $1,053,000), $1,800,947;
debenture sinking fund payment, $150,000;
15-year 3
debentures: $14,550,000; note payable, due on Dec. 31,
1945, $900,000^Deferred income, $22,168; reserve for liability insurance,
$91,659; reserve, for contingencies and post-war adjustments, $250,000;
$2.25 cumulatiye preferred stock (225,000 no par shares), $9,562,500;
common
stock
(531-.242 shares, no par,. at stated value of $5), $2,656,210," capital surplus, $7,922,539; earned surplus, $11,039,589; com¬
mon
share's
(13,617)
in
treasury, Dr$266,728;
total, $53,342,223.—
v. 159, p. 933i:
." ■
:
'
companies,
interest,
Federal
shares
of
due
share-—
tArrived at after providing $5,617,171 for amortization of
completed facilities covered by certificates of necessity and $10,502,234
from
Liabilities—Note
Feb. 28, '43 Feb. 28, '42 Feb. 28,'41
t$5,766,083 : $7,331,633
per
'/•
(& Subs.)—Earnings—
Feb. 29, '44
profits
/
profits tax.
1943
on
substantially at cost, $1,459,707; land (including $206,009 for land not
used in operations)/$1,024,523; buildings (less allowance for depreciation
/
«See International Utilities Corp. below.—V. 158, p. 484,
After
■
1 to holders
/'•■■:/ V
•
Dominion Gas & Electric Co,—Bonds Called
1943,
hand, $3,476,117; notes receivable and
allowance for doubtful items of $522,671),
(less
payable July
158, p. 1936,
.
.
Sheet, Dec.
quarterly dividend of 62 V2 cents
the class A stock, 110 par value,
of record June 10.—V.
other'subsidiary companies, $55,295; inventories,
$14,411,186;.. prepayments,'$547,169; notes receivable, not due within,
one, year-(less
allowance for doubtful .items of' $105;000), $135,902;
accounts
receivable from- other
than customers, not due within
one
year, $50,000; cash surrender value of life insurance, $263,418; sundry
investments, $275,602; investment in Crown Cork International Corp.,
^
.
utility
Oct, 15, last year.
The directors also declared the usual
$2,929,861 >
506,269
517,619
$4.68:
$1.84
and
1943
in
$572,902
for
$2.18/
■■
Sheet, Dec. 31., 1943
Bernstein
would
(& Subs.)—Earnings—
etc.
record May 2.
——
250,000
506,270
$1,694,950 in
tln-
retirement
Mr.
courts
income
The
on
.
$4,258,618
tl$1.85
year—
"lls—
credit
$748,776
.
^Earned surplus at end of
"
$541,112
3,717,506
;
—
and
per share on
—
.common
Note—Provision
420,715
v
This,
and
men
Dixie Cup Co.—To Pay 25-Cent Common
11,580
.$1,458,564
Including
profits
expenses,
.
such.
as
three
,./:/•■:•• j;
corporate
Interest
525,000
11,561
2,743,217
11,445
dividends/:—i::":-—..-.-
&
taxes
.
from
miscellaneous
'
for
dividends
accounts
Years
the
Balance/ income from utility operations™ $13,758,843 $12,869,905
■
115,082
518,875-
expenses:
$1,637,056
Earnings per
treasury
feport—
Income Account for Calendar
of
108.
p.
$5,671,924
.
income——
$5,030,703;
,;1 il
management
rights
profits
Gross
447,471
$4,908,030
operations-.
reserve
of
Preferred
valuations
1145.
viz: (1) That management illegally paid the
order to perpetuate itself in of flee,, and (2) that
were
solicited in only three names but were
expenses:
Other
$5,224,453
$4,154,502
contingen¬
cies and post-war adjustments—
>
distribution
the
159,
earnings
Excess
-
'.""After depreciation, depletion and intangible development costs, tln-
by
reserve,
Income taxes—
income
Approp.
142,143,558
——148,973,998
————
May 16.
the question of legality of manage¬
Bernstein: representing other Cleveland
E.
29,000
633,565
reconvene on
followed
A.
and
Net
i:
'credit/in
,
and
y
:
,Norrpal ta^.and surtax._..._.^_._
—$4,602,479
payable,
debenture
by
appropriations to
467,886
debentures—
on
of
1
proxies
the
Operating
'/
5,675,030
67,592
income———
voted
Utility
purchases, interest re¬
notes
on
Amort,
Feb.
counts,
of
away
Gross
$10,559,364 $12,672,118
646,67^.
—
The certifi¬
C.
12 Months Ended March 31—
33,230.102
5.454,833
sale
other
action
raised
illegal.—V.
develop¬
„—
Interest
42,212,440
surplus —.—:—
„
RR.—Equipment
meeting and climaxed
following with a five-minute rump
adjourn was taken by the stockholders
to
Detroit Edison Co.
6,025,829
p"atents____'_,
profit
on
vote
new
1941
34,484,755
$11,466,531
--
on
Balance
562,506
be
to
state¬
a
two
on
balance
use
1942
42,040,283
—
—
experimental,
and
Interest
;
-
Western
&
session1 by
seven-hour
to get proxies in
the
domestic1 subsidiaries)
1943
Total
524,652
——
Capital
{Earned
5,418,505
—_
177,851
Minority,interest-———.
insurance
—
84,341
5,859,055
5,409,426
——
Res.
4
2,806,743
__.
26,901
stocks
.
which
proxies
firm
for 1942.
pre-operating costs and
Operating
•
204,212
85,404
_
——
etc
2,577,119
239,572
—
—-
Unclaimed dividends,
for
600,000
—
—
—
taxes-—
Reserve
8,822,772
600,000
companies—
liability
Long-term
23,692,966
.
prilling contracts payable, current—
Accrued
23,692,967
__
bank,
to
26,901
preferred
Lackawanna
McMillan's
ment
takes
scrapping machinery and
equipment (net)
148,973,998 142,143,558
—^
—
to
meeting scheduled to
,
sub¬
of sales
higher for 1943 than
for
wholly-owned
!—
at
and the
profits
or
stormy
brokers,
is
Loss from
564,672
1,171,295
applicable
Adjourned—
the
Liabilities—
—
$205,290
159, p. 1145.
session
renegotiation
excessive
no
war
(before Federal taxes
& general expenses
and
ment
Discounts
tCapital stock ($5 par)
$510,068
President,
1,200,000
..
<
adjourned the annual meeting last week without permitting a vote.
The minority group protested^
declaring the adjournment illegal because
Mr, McMillan failed to set the date for the next
and consequently no refund was required to
——
profit.
Sell., admin.
Discounts
■_
——
post-war adjustments and conting
and deferred charges
_\
have
subcontracts
of
sales—
552,15-3
437,339
income
a group of Cleveland brokers and
business men headed by
Frank C. Gee, George B. Ralston and R. B. Dennis to
gain representa¬
tion on the board of directors
failed when J. T. McMillan,
$53,506,813 $45,044,119 $45,902,220
562,717
/,
289,784
$17,501
25,667
Detroit & Cleveland Navigation Co.—Annual
Meeting
the only
was
now
Inc.—Annual
:-r—'■•••':
Amortization
———
——
1942
on
year
or
any,
:
5,960,776
:
Co.,
sales
5,707,240
-
248,952
$41,484
a..—:
mature $155,000 semi-annually each
Aug. 1 to Feb. 1, 1950.—V. 159, p. 1552.
on
preferred
the company and its wholly-owned domestic
expenses.
__
$495,074
income
•Net
"
Net
176,263
.
$759,020
18,287
$40,919
23,418
115,039
distribution
presently determinable.
5,465,932
for
/Total
if
not
227,759
"...
.
is
5,738,024
current)——:
Deposit for unclaimed dividends,
Unadjusted debits, etc
Prepaid
effect,
t
contr.
$469,407/
Efforts of
subsidiaries
year
them
by
contracts
net—
:
to
the
its
(Including
32,278
20,292,691
supplies,
current
Investments and advances
Fund
144,450
17,722,686
._.
.
——
$759,020
cates
12,411,721
— -
Due from controlled companies—.
$40,919
2V2% equipment trust certificates series
to the Federal Government.
war
10,157,988
:
$59,771
plant
Trusts Placed Privately — L. F. Rothschild & Co. an¬
nounce that
they have purchased from the Reconstruc¬
tion Finance
Corporation and sold privately
to
/ ;The percentage of profit
82,045,727
18,974,115
_
and
during'that
$
1,750,000
—
securities
Other
Delaware
Consolidated Income Statement for Calender Years
82,290,942
;
S.
for
realized
were
1942
$
Cash
tr.
of
>
$902,027
$1.50
approximately $14,350,000 for the year 1943,
with .approximately $5,750,000 for the year 1942.
These
a
widely diversified group of products.
compared
ments
1943
.'Assets—
689,342
$59,771
lease
The company on
April 10 paid a dividend of 25 cents per share on
the common stock,
par $50, to holders of record the same date.
This
compares with $1 per share paid on Sept.
13, last year, the only pay¬
ment, in 1943.—V.
152, p. 117.
.'.
348.
p.
Seal
&
amounted
The .company
under
Dec.
846,719
/
-
dividend
a
the
on
last,
this
on
share.—V.
per
The
Consolidated Balance Sheet,
i'
70,796
V/ Davis Coal & Coke Co.—Pays 25-Cent Dividend—
1944—12 Mos.—1943
$1,000,115
$229,936
$0.38
$0.33
■Sales of war materiel by
4,682,568
excise taxes not included.
gasoline
gasoline
10,715,704 Def.364,724
4,682,563
184.855 ;
51,400
approp..
April
on
1944—3 Mos.—1943
$199,022
holders
to
made
sales covered
4,682,563
share
per
""Federal
eral
$5)
208.664
the
Corp.—Earnings—
accumulations
$10,
par
subsidiaries
10,242,321
for
res.
•Gross income
18 approved the
issue of 20,000 shares of preferred stock.
an
-
.
The company on
account
4,682,382
———9,398,325
cap. stock out¬
17,350
$1,860,000
4,317,658
4,682,377
Surplus
431,220
17,272
.
Interest, etc., charges.,
funds
use
•
'
Dividends.—-—:
3,050,034
471,826
yet,
Crosse & Blackwell Co.—Accumulated Dividend—
'
Net inc.
$4,939,897
3,843,177
64.765
Operating income
annual
has outstanding 412,635 shares of capital stock.
of Wheat
profit
$7.75
/
—
ret.
1944—12 Mos,—1943
$6,129,406
264,975
45,918
taxes
■
share
per
$458,805
323,402-
taxes
Prop.
1445.
p.
payment
-•
,
contingencies-—-:
stock
■/, -"After charges and provision for Federal taxes at the rate
tOn 600,000 no par shares of capital stock.—V. 158, p. 2466.
/
1,066,691
2,061,692
—
post-war
have
issue
more
the,
tEarnings/per. share:::
•
14,141
69,647 v
159,
""Net
5,375,460
4,279
^Federal income taxes—
1944—Month—1943
$497,763
expenses—
Other
.
16,697,255
Deductions from income >
.and
$5
plans
stockholders
Cream
9.852,880
1,412,213
Applic. to minority ints.
Extraord. profits
for
than
the
preferred
new
At present the company
—-V.
22,548,404
—
Prov.
less
present
,
of
terms
the
on
Period End. Mar. 31—
34,353,071
„
dividend of 50 cents
a
A
Terminal Co.—Earnings—
&
revenues
Dividends
;—
—«
.
■
income
Federal
—V.
690,253
.—
34,586,800
Iiltang. develop'.. costs—"
Depl. & lease surrender'd
Depreciation
"Net
not
Under
"
1,674,005
1,035,628
,
Railway
Operating
•Operating
preferred
exact
one
banking
Class
24.
.Period End, February—
r
1,255,884
271,042
'j
•
Balance
1;
of
The
33,503,845
^
received-
.
<•
Dallas
April
r
20,184,146
/:/' /
32,758,879
on
Relit
proposal to create and sell
in curr. year's
earnings of controlled
f
disposal of
satisfactory
A stock, par $1, payable
May 5 to
like amount was paid on this issue
March 31, June 30, Aug. 31 and Oct. 30, last year.—V. 159,
p. 1445.
placed yet for such equipment, however.
3,354,056
Equity
record
working capital and for acquisition of additional machinery and /
equipment of a time or cost saving character.
No orders have been
60,683,758
3,541,202
expenses
declared
13
non-cumulative
of
sale for
Costs, operating -and ad¬
7*Taxes
the
dividend
rate
$
-,.r
income— 119,487,984 112,511,727 106,526,802
oper,
,
plans to sell in the near future 20,000 shares of nostock.
The proceeds, it is anticipated, will
from $1,850,000 to $2,030,000.
:/'-*^/: ■■';/: //' '
r.
While
the
..
Gross
April
on
$2
5%
cumulative
range
:/'/
1942
from
.,
The corporation
par
Income Account
1943
directors
the
holders
on
Authorized—
Continental Oil Co. (& Subs.)—Annual Report—
Calendar Years—
1552.
p.
Curtiss-Wright Corp.—To Pay 50-Cent Dividend—
The
,
Cornell-Dubilier Electric Corp.—Preferred Stock Issue
1
Consolidated
159,
de-
.
1350.
p.
$32,515;
arising
$263,190;
Inc.—Subsidiary Expands—
Wares, Ltd.,
balance),
from transactions in reels, $20,998; reserves (net),
series cumulative convertible preferred stock; (par $50),
$1,895,850; common stock (par $5), $2,574,320; earned surplus, $4,159, / 258,618; paid-in
surplus, $1,925,350; total, $20,151,997.—V. 159, p. 1445.
/• "V .; v;
Continental Can Co.,
"See
period
(unamortized
contracts, $21,897; first mortgage 4% bonds due 1956 (payable in 1944),
$213,000; first mortgage 4 ~/o • bonds due 1956, $2,205,000;
deferred
Shipments for the three-month period amounted to $17,146,153.. com¬
pared with $12,557,271 for the same period of the previous year,r and
for
patents
payable—banks (Regulation V loan), $4,500,000;
payable,.$-1,283,401;
taxes (other
than income)
accrued,
$210,627; salaries, wages, and bonuses accrued, $422,770; interest accrued, $45,494; other accrued liabilities, $311,483; deposits on sales
$0.48
4
$17,054,619
$5,365,108;
.charges, $341,283; total, $20,151,997/
Liabilities—Notes
net
all
necessary funds for this purpose is'available
of'the
company's
capital assets and through
arrangements.—V.
accounts
tion, provision for year-end adjustments, and all taxes.
>
the
employees, $12,978; estimated net recovery of
a
prior year, $182,802;
miscellaneous assets,
for depreciation and amortization of
.
of
tax
property'.(less reserves
$3,979,850),:
:
90,954
$569,517
reserve—
and
officer
profits
$79,627;
.
tBalance
<.
from
f, excess
1944
—.Ui.——
1655
«
due
of America—Earnings—
3 Mos. End. March 31—
Net .profit
FINANCIAL CHRONICLE
;
Balance
Preferred
Balance
—V.
—
dividend
fov
requirements
"ommoo
159, p. 1351.
.
111,425
111,425
$381,470
$181,837
j
..
COMMERCIAL!
THE
1656
Monday, April 24, 1944
CHRONICLE
& FINANCIAL
-**
f
'
(Texas)—Earnings
El Paso Electric Co.
Operating
revenues
Operation
—
a.,
Maintenance
Deperciation
Federal income taxes...
Other
taxes
Net
270,683
439,409
440,960
428,003
$807,678
38,235
$82,675
1,670
6,238
21,560
21,667
$58,246
Balance
$59,338
$611,222
$438,871
.*.*43.721
(Del.)
Expenses
retired.
159,
custodian
P.
Chief
1250.
■."'
%
.
April 17 ruled for a second time that officers of Federal
Corp., who purchased its preferred stock during the
course of reorganization, should not receive new securities on an equal
footing with stock held by public investors.
The case was remanded
to the SEC for further proceedings by the Supreme Court.
In its original decision the Commission ruled the officers should be
allowed cash in the amount they had paid for the stock purchased,
SEC'
The
interest from date of purchase to the date the plan became
In
its latest opinion the Commission reiterated its view
plus 4%
effective.
$2,056;
unclaimed dividends, $2,857;
income tax and surtax, $2,000; provision for
and miscellaneous taxes, $6,004; unredeemed
for Federal
capital stock
$2,857; capital stock (par
"
$2), $941,980;
net appreciap., 1352.
1
,
^
Gpnprnl flanital f!nrn
Earning*
general capital uorp.—earnings
3 Mos. End. Mar. 31—
Income
.14,323
taxes
inc.
Fed.
for
Prov.
1944
$69,485
.
—
and
Expenses
136,094
136,094
136,080
solo of securities.
on
.
t
1944,
banks,
S. Government
U.
9,417
2,758
tax.
..
.
1,823
—•—
1941
$37,030
1942
$42,940 /
/ 8,303
1943
$50,848
v.
.
,
.
<
• ;
6,707
-
...
.
-r-—-
•.
payable,
etc.,
for
due
$14,568;
securities
•
"W63.577.-V. 159. p. 638:.; ,
Ge,,eral Steel wares, Ltd.-Sale of Subsidiary-
Payable for
1944, ,103.018;
15,
April
capital surplus, $9,227,483; deficit, Br$734,705; unrealized,
tion of investments, $875,611; total. $10,447,534.—V, 159,
on
Service
Water
.
loss)
Liabilities—Dividends
$1,544; deferred charges,
scrip redemption and
scrip and unclaimed dividends,
Application
Service Corp.—SEC Denies
Federal Water
Federal
136,094
'
!°t™TinSt cash' $17>700'' due for s«f°uriuties, Purchased, $137,350;, ,
1
tf,°L, o^nses' taxes- ej^' ® 18a847 : ban£ ?ans Aue Dec; 3Gi
9 5• .
^ 2 Per. an"um- $2,650,000; unrealized profit on sale of
when lssu<;d contracts, $18,881;- $6 cumulative convertible preferred
|
(optional stock dividend series), stated value $25 per share,
$2,268,750; common stock ($1 par), $1,602,432; surplus, $8,938,049;,
$10 447 534
provision
booklet con¬
entitled "Electronics Begins in Metals," by F. L.
Engineer of the company's electronics division.—V. 159,
*$177,559
(cost, on basis of specific
purchased, $8,926,389), $9,802,000; cash on deposit under
agreement, $620,952; dividends receivable, $18,125; receiv-
payable
issued a 16-page illustrated
has just
corporation
taining an article
$143 379
f37,698' special deposits for dividends and contingent ;
agreements to sell securities, etc., $23,568; total, $15,663,577.
-.
MSuoSSS!
Metallurgical Corp.—Issues Booklet—
Fansteel
$128 501
18 523
3 922
charged directly
deposit for
on
$135,915
Balance$243,702; March 31, 1944
Sheet, investments in
in
Assets—Cash
March 31, 1944
Balance Sheet,
subscriptions to capital stock,
on
cash
total
1553.
The
^Hunter,
able
been
p.
_
2'i49
'
19 664
'
securities—at cost, $315,007; investments in other securities, $14,915,910; receivable for securities sold, $127,693; dividends and interest
Assets-Investments, at market quotations
certificates
stockholders says, in part;
"The company
authorized to invite tenders of preferred stock from its
stockholders and consequently this notice is given you for the purpose
of information only and must not be construed as an invitation from
the company inviting you to offer preferred stock to the company
—
V.
—
$33,465
33,365
deficit.
"
'
;
2,000
sales of investments
net loss on
'■•Before.deducting
to
!___
declared
dividends
Cash
2 449
'
Note—The unrealized depreciation of investments on March 31,
18.985
—__—
1012
19'628
was $991,448, or $357,665 less than Dec. 31, 1943.
$54,450
—.
a
income tax and surtax
income
"Net
the preferred
notice to
not
dividends
_
13'790
2o'o47
15'000
__
.w^onV. pref. stock
profit tor
: ;
.
.
$221,828 '
21 824
$185 013
$165 997
$6 cum.
: :;*Betore
March 31, 1944
Three Months Ended
on
*
1' '
$170,138
19 421
~ :*
"
*Net income
,
,
„
_
.
_
Provision for Federal
Service Co.—To Buy Stock—
The SEC on April 14, 1944, approved the company's application to
apply not exceeding $4,000,000 to the purchase of shares of its preferred
stock on the New York Stock Exchange, or at private sale, at not in
excess of $100 per share and accrued dividends, over a period of four
months unless such period is hereafter extended or limited by the said
Commission.
All preferred stock acquired is to be cancelled and
A
,
of Income for
Income—cash
V:
+
153, p. 214.
Engineers Public
has
.
,
Fundamental Investors, Inc.—Report—
tll$l
__
___
Div^. paid
Statement
Paso Elec. Co.
Balance applicable to El
interest
Taxes
„
iq4j
*10 095
"
'
.
total, $9,675,044.—V. 158,
earned surplus, $3,959,050;
$95,018;
52,888
WjSJ
150,82?
____
Total income
General expenses_..____
2252,
$506,372
67,501
67,501
securities
accounts payable, trade, $140,881;
Liabilities—Bank loans, $1,550,000;
surplus,
^3 43?
Taxable
employees' deposits on U. S. war savings bonds, $1,906; accrued accounts, $170,254; income taxes payable, $925,000; reserve for income
and excess profits taxes on net income, $533,856; reserve for workmen's
accident compensation, $27,292; 15-year 3V2% sinking fund debentures,
due Aug. 1, 1958, $7,845,000; capital stock (par $1), $426,787; paid-in
263,071
Earnings for Quarter Ended March 31
"
iq .
1
a
1<U9
interest
*1?hi9
«i* 17ft
*777fl
,
$9,6/5,044.
total,
P-
Preierred dividend requirements.....
-V.
$769,443
$871,638
260,416
$81,005 ■
$79,306
amortiz,__
and
buildings,
land,
901,219
■
receivable; at cost or lower (less reserve of $45,555), $1;
machinery, etc. (less reserves for- depreciation and
$1.107'148^ ®2.855'8^; deferred charges, $117,526;
accounts
and
439,473
1,243,509
4,413
Balance
Interest
$4,533,497
1,686,440
362,440
$877,876
net—•_*,
income,
1,922,176
$5,286,370
$75,393
revenues
oper.
Other
1943—12 MOS.—1942
1943—Month—1942
$464,723
$438,657
164,705
156,258
30,548
21,993
36,624
36,573
121,642
105,533
35,810
35,625
Period Ended Dec. 31—.
renovation com-
biles and accessories 5.9%, building equipment and
panies 3.8% and chemical companies 3.7%.
receivable, trade (less reserve of $228,799), $454,7101 inventories, $5,231,935; cash surrender value of life insurance, $251,151; post-war
refund of Federal excess profits tax, $70,500; sundry non-current notes
This company has sold its wholly-owned subsidiary, MacDonald
Manufacturing Co., Ltd., to the Continental Can Co. of Canada, Ltd.,
a wholly-owned subsidiary of Continental Can Co., Inc. The transaction, which involved more than $2,000,000, will place General Steel 4
Wares in a better position to redeem its first mortgage bonds outstanding in the amount of $4,726,500 as of Dec. 31, 1943, it was stated. ,(s
Interest Newman, President,bonds amounted to,$225,088 in 1943. meeting {
j. Cv on the company's
revealed at the company's annual
that the company's subsidiary G. S. W. Acceptance Co., Ltd., had acquired 1,381 of General Steel Wares, Ltd. preferred shares since Dec.
31, 1942, and now holds 2,958 shares. This had been accomplished
at a cost of $289,014.
This would leave 42,042 shares of preierred .
stock still outstanding from the original issue of 45,000 shares.
*•
$30,323
M_ •
■ , t> "
"Exclusive of gains or losses, realized and unrealized, on securities.
•• • • .
^
,
'•
The 1944 income of $52,404 is before adjustment credit of Federal -V" -Plans to refund the 7%
participating preferred stock on a lowerstax accrual of prior year in amount of $1,661.
' - ."
dividend basis have beenan advanced stage, consideration by the direc- r
under continuous the company recently an•'/.
tors and have reached
$34,637
$39,608
$52,404
"Net income
•
fair,—V. 159, p. 552.'
that this treatment was
Balance
Steel Corp.—New Chairman—
Follansbee
to suc¬
has also been elected Chairman,
ceed John Follansbee, who will continue as a director and
available for consultation.—V. 158, p. 1936.
President,
Stone,
Lauson
Total
Ry.
$76,282
$76,627
$149,418
$157,785
47,075
44.9C6
94,333
88.932
tax accruals..
(Dr)_
3,046
2,842
6,235
1,279
1,885
2,290
2,857
income
$24,883
$26,994
$46,560
$60,036
Dr251
414
Drl69
expenses
oper.
rents
Net
Net
ry.
Other
oper.
income
$24,632
887
1.028
159,
fixed
2,775
43,613
25.420
$13,664
$1,932
chgs.
1.906
12,716
21.813
charges
aft.
Inc.
—V.
$873
$32,610
840.
p.
Offering—A special
offering of 5,700 shares of 6% preferred stock (par $25)
was completed on the New York Stock Exchange April
14 at $22 per share by Shields & Co. and Geo. D. B.
Bonbright & Co., in the elapsed time of 15 minutes.
Commission 75 cents.
There were 35 purchases by 17
firms; 940 was the largest trade, 10 the smallest.—V. 159,
Corp.—Special
Wheeler
Foster
p.
annual
Co., N. Y.—Earnings, Etc.—
report
the
for
Dec.
31,
depreciation________L--_^_—_—
659,226
621,660
130,458
212,715
Net profit for the year
e„rninJ:
flt hpp-innin^ nf
1
•
4
net
of
and
1> 1944, in opposition to the president,
of the corporation, who are the proxies
1081./
157, p.
proposed by the management.'^—'V.
1
Income
Tnfal
Total
Fed,
&
■■■
,
"...
■
fcr
The
have declared
directors
an
extra
the usual quarterly dividend of 25
stock,
Distribution—
dividend of 25 cents per share
cents per share on the common
amounts
Like
An
have
taken
Co.—Earnings—
& Malting
* 6 Months Ended
V
12 Mos. End.
Jan. 31,
January 31, 1944
A
*
B
Net sales
Cost
of
$7,430,641
of malt
malt sold-—-
Gross
6,236,850
-
$1,193,791
$2,361,705
464,214
profit
464,214
Selling and .administrative expenses
Net
Other
income
i__
income
Income
-
Net
and
Minn,
income
per
share
present
method.
former
pany
method
$1,902,615
$1,806,808
40,735
taxes_
86,687
214,6001
1,034,135;
114,046J
3.756
61.910
$453,146
37,174
$889,898
256,072
420,000
$0.53
capital stock
$0.97
$1.75
156,846
inventories using the "last-in, firstcomparison only, on basis of continued use of
basis of valuing
B—For
of
adopted the
valuing inventories.
"last-in,
first-out"
As of Jan.
31,
3944, the com¬
inventories of
method of- valuing
malt and grain for its fiscal year ending July 31, 1944.
of net income for the six months ended Jan. 31, 1944.
The statement
amounting to
$453,146, was prepared on the basis of the continued use of the former
method of valuing inventories and is presented in this statement for
comparative purposes only.
Balance
Assets—Cash
on
Sheet, Jan. 31, 1944
deposit and
011
advantage
$0.36
and
which
hand, $693,319; notes and accounts
Refundable'portion of excess profits tax—Li..
191,492
Totai
announced an Equipment Reservation
broadcasting equipment.
Many
of the plan and have reserved
organizations
this type of
systems
earliest
Shareholdings Corp.—Quarterly
were
deducting bank .loans
were
equivalent to $113.03 per snare
of preferred stock and
cents pter share of common stock, respectively.
bond
holdings of the company represented
about 9.8% of
gross
assets while the preferred stock portfolio accounted for 7:6%
and common stocks for 77.5%
The company's .investment in stock '
of
North
American
senting about
19.2%
were
Co.
^
$20,016,989-'*•'
continues
to
be
its
principal
holdinc,
renre-
of cross assets. Taken as a whole, public, utility
26.0% of gross assets, oil stocks 10.0%, automo-
$806,017
335,028
65,420
44,911
$867,119'
464,398*
7,485,680
6,762,057
4,726,500
5,415,500 >;
36,000
4,500,000
1,111,014
*675 040
__
_w
tax-I-II
19L492
40,527
50,937
51,000
,.
4,500,000(
1,111,014J "
'660,095^
94^342
"
$19,977 103 $20,016,989v
~~~Z~n ~I""~~"17~~7~~"J,„ ———— ' \r
Represented by 312,500 shares of no par value. tEstimated. V. 157»t ,,
'
P- 1844;
...
_
,
.
Georgia & rlorida KK.—Earnings—
-Week End. April 71944
1943
Period—
,
Operating revenues
Report—
Total
common/stocks
435,061 ^)
—$19,977,103
,
Total
,
$14,486,663 on March
31, 1944 as compared with $14,004,340 at Dec. ,*31. 1943 and $13,258,230
on
March 31, 1943.
Net assets on March 31,, 1944 indicated on asset
coverage of $130.43 per share of preferred stock' and $1.11 per share
of common stock after deducting $105 and dividends accrued and in
arrears for each share of preferred stock.
On Dec. 31, 1943 the asset
coverages were $125.11 per share of preferred stock and 81 cents per
share of common stock, respectively, while the net assets on _March
1943
^
'
r—13,205,557 13,125,910
First mortgage bonds.!
7% preferred shares (par $100)
^common stock
„
Earned surplus
~~~
Refundable portion of excess profits
—V.
5
14T573
385,061
L
•'
'
94,342
71 775
33,701
U^*c^^7norconsoU::r"
Accounts pay. & accrued liabs—
fIncome-& excess profits taxes
*
other taxes
*
—
Accrued bond hiterest____
—
Reserve for depreciation
First mtge_ bonds of a sub. company_-_______
Electric
efficient
all broadcast stations in the country,
the motion picture industry, to all newspaper publishers
and
editors,
to all .large department stores and all others
who may be interested in television broadcasting."—V.
159, p. 1554.
31,
-'
58 246
'
p%
of funde'd debt
engineers of
before
,500,000/
1,046,851
Liabilities—
production of television broadcasting equipment after the war.
"Copies of our booklet 'Television Broadcasting Post-war' and our
Television Equipment Reservation Plan have been mailed to the man-
assets
,
1040 t /
$854,844 -1
104 Q4n
3 613 653
An official statement says in
possible delivery of the apparatus.
It will enable General
to plan its factory and manpower requirements for the mo?t
Net
partici-;
189 857
309 986
Fixed assets —
will
agers and chief
to executives of
*
1,004,584
714,507
'"
.r,®:WS
$0.39
$0.36
'
—
DomilliOIl receivable (less res
Oi Canada bOIldS—m
10,329 774 11.377 969
reserve complete television broadcasting
associated equipment, thus assuring the broadcaster the
deposits
1043
$853,185
~__
4,000,000
for
General
256,072
on
10,442^76
8,000,000
855,000
$263,252
37,174
dividends
Earnings
out
$734,700
129.426
~
dividends
Common
A—On
$1,803,051
214,600
income
Preferred
$1,897,492
5,123
86,687
charges
Federal norrnal income and surtax.
excess profits tax
Federal
Wisconsin
$2,491,160
688,110
5,123
$729,577
prolit from malt sales_____
Gross
1943
$7,430,641 $13,079,401
5,068,936
10,588,240
FM
$0.83 *
$0.58
»
lunrto-ncpc
•.
6,000,000
$0.36
this company
$660,095 v
transferred in 1943 and in 1942
Accounts
early post-war delivery.
Today we are announcing
our
Television
Equipment Reservation Plan.
It follows the same
general outline of our previous plan. It enables organizations interested in entering
television broadcasting to reserve their equipment
now
and obtain a priority listing on our post-war production schedules.
In line with our previous plan-, we have established War Bond
equipment
Froedtert Grain
91 977 QfiQ
33,377,969
dlvsj:
and
AM
for
I&a'43B
IiJ5'4da
and $28,667 at Dec. 31, 1942, is subject to distribution as a
pating cash dividend to preferred Sheet As At Dec. 31 > 1943
stockholders when declared.
Balance
SS 19Q 77d
55,329,774
statement says in part:
officii
"Last November
'
155*439
from the accumulated reserve for depreciation in order to reduce the
deferred expenditure in connection with Reorganization of Funded
Debt, tlncluding refundable portion of excess profits taxes of $83,071
i" 1943 and $94,342 in 1942. |Of which $20,191 at Dec. 31, 1943,
1
Plan
555-448,v-
'
$675,040
amount of $50,000 has been
7R dd9 57R
76,442,576
Broadcasting
(
^
155 439
31
npht-nvc
^
$5, both payable June 15 to holders of record June I.
were paid on March 15, last.
See also V. 158, p. 2468.
par
at Dec.
Surplus as
Cash
share__^
<ri 154 385
660,095
UlvSl paid on no ^ai value common stock-.—
31,196,093
2,181,876
adjustments i y 5,550,000
per
<?i 179 rco
'
,
53,364,352
1,965,422
28,845,927'shares-issiied.-
"On
t
74,837,766
1,604,810
61,000,000 66,000,000 37,000,000 18,000,000
5,5^50,000 Cr6,000,000——
Profit avail,
•Earnings
T
excess
taxes
$598,937
555 44a-
—-—_———————Consolidated
post-war tax refund
for con ting.' 'and- "" '*
,
98,664.614
aa.aii
$513,734
660 095
Di7C^ t aid"on"7% ^"fixed"cumul"^TDVrtlc^Dfd"
sh'Jes
& Panic., pid.
ni
nairi""nn^n~nrr"vaTnrpnmmnn~^tnpk~~'"~""
"71 lad dOS
71,384,405
inpnmo
income
post-war
<5
88.54/
754'424
;
vpar
85*811'
88 547
Suiplu& as at be*,nmng of >ear---———
68,144,102
3,240,303
(net)__„
income
profits
1941
$
-
sales
from
income
1942
$
286,480,104 203,034,337 137,496,756
—.
other
^of^officers a^^^eT^fees""""""""""""
kaiaries^oi on cers ana legal ieeg
TPiovision roi income & excess pionts taxes—
*An
257,382,000
277,872,103 190,861,108 129,860,707
etc.,
expenses,
Television
(Peter) Fox Brewing Co.—Extra
ar.d
!
salaries
for
Earnings per common share
1943
1944
Pi'ov.
treasurer
„
'
Co,—Earnings—
354,624,206
billed
sales
Est.
stockholders May
X,.
,
'$
Sterling and Edmund Wright, 50 Broad St., New York, N. Y.,
in a circular letter said in part as follows:
"Several stockholders have asked us to act as proxies at the annual
president
x,:
391,901,000 422.047,000 299,120,000
received
charges
Proxies Sought—
meeting
.
3 Mos. Ended Mar. 31—
Leon D.
•\ice
*
General Electric
.
•
«
12%% of the company's profits for this year,
before Federal taxes on income but after deducting dividend requirements for the $7 preferred stock and $2 per share on common stock,
be distributed as follows:
3% to B. G. Meyer. President; 2(4%. to
William Best, Vice-President; 2V4% to Richard Bondy, Jr., Vice-President, if he returns to active service with the company, and the remaining 5% to other employees and officers in the discretion of Mr.
Meyer, Mr. Best or Mr. Bondy.-V. 159, p. 935.
Costs,
'
■
,
^
^
plan provides that
1943 states
performed during the year was
loss for the year amounted to $2,308.
Contract
work
performed during
the year 1942 was stated at
$25,250,000;
and on April 1,
1943 a cash dividend of $41,248, or
'25 cents per share, was paid.
There was no previous dividend since
1927.,
:■■■.%, ...,v:%
the
that
Consolidated Profit and Loss and Surplus Account
- V'v,-.,1943
1942
$2,376,477 $2,954,234
225,088
254,553
Calendar Years
Profit from operations
Interest on bonds_„_
"Reserves
that
in excess of $9,880,000,
ended
year
work
contract
"
Special deprec, on eqp. pur. for war contracts.
Net
Foundation
and
fee and other expenses,
payable—management
>,>
Inc.—Stock Plan Ratified—
The stockholders at their annual meeting on April 14 approved a
continuation of the profit-sharing plan for certain employees and officers of the company.
Total of $67,290 was distributed under the plan
Orders
1352.
The
.
,
,
.,
^
,
f0L^he ,year 194.3;
The
$60,805
$46,391
$27,408
income
fixed
5,959
:
,
from
deducts
Miscell.
Total
.
accounts payable for stock of General Capital Corp. purchased, not received, $6,896; dividend payable April 15, . 1944, $54,861;
provision for accrued Federal and State -taxes, $15,817; net assets
(represented by 211,005 shares of stock, par value $1 per share),
$6,884,841; total, $6,974,324.—V. 158r p. 2468.
,
^
.
$11,909;
General Cigar Co.,
income
Total
......
Annual '
participating dividend of 44 cents per .
share and the usual quarterly dividend of $1.75 per share on the 7% , »
cumulative and participating preferred stock, par $100. both payable
May 1 to holders of record March 31. Last year, the company paid
participating dividends on this issue as follows: On Feb. 20, 25 cents; ,
nr]
' M * 94 ™
*uu uu.:may ' 0
.
;
.
\
Fedfrom
it), $6,561,277; total, $6,974,324.
predecessor company at cost to
¥.
—
t>
market value (recorded cost, based upon requirements of
tax regulations, $8,186,272, which includes securities acquired
Liabilities—Accounts
Dividend
Participating
44_Cent
Pay
To
.v *
f .
xteporj
.... .
J/ie directors have declared a
Capital
General
of
768
revenues
oper.
ry.
Railway
stock
era!
a
1944—2 Mos.—1943
1944—Month—1943
nounced.
1944
81,
March
deposit $358,807; accounts receivable
Corp. sold, mot delivered, $32,786; accounts receivable for securities sold, not delivered, $410; dividends and
interest
receivable,
$21,045;
investments (marketable securities) at
for
quoted
Gloversville RR.—Earnings—
Fonda, Johnstown &
Period End. February—
will be
Sheet,
Assets-cash in bank-demand
-
^
159, p.
—^
1554.
$41,000
"
$40,850
•
„
„
r,
..
_
»
.
.
n."v
mc *
n*.
'•
$512,910 '""
—Jan. 1 to April 7-^
■ J944
*
1943 1'
.$613,108
" '
;
J
.
Georgia Southern & Florida Earnings
^
,,
f .
1943
1942
19411 •.
$7,353,434 $5,202,725 $3,594,411/..':
Total operating expenses_.„_^__—_
3,833,717 3,066,197 2,544,321. i
——• •'
"
A
Net revenue from operation^.
$3,519,717 $2,136,528 $1,050,090
Tax^s
—
1,918,380
814,859
246,621 ;
Equipment and joint facility rents_
411,955
325,869
279,180w
•
^Calendar Years—
Gross operating revenues_____„„„
..
Railway operating income
Other income
—
Total gross income
Interest and reptals
,
$1,189,382
15,018
$995,800
8,430
—- —
—
"
'
Income over charges...——
$1,204,400 $1,004,230
. 424,110
359,960
—
• $780,291
$644,271
$524,290
7,572
$531,861.'
. 362,960 >
r
$168,901
Volume
Number 4275
159
General
'
•
Balance
THE COMMERCIAL & FINANCIAL
Sheet,
Dec,
3J.
Cash
•
1943
1,079,473
1,550,000
^
„
Special
cash
,1
investments^
deposits
^Balances
—_
due from
conductors—.
Material
and
Interest
; Other
current
[Deferred
receivable
assets
Total
141,951
—
'
Liabilities—
u
Common
(Long-term debt
$2,000,000
;
and
matured
Unmatured
Accrued
94,971 '
i
Profit
-7,113
General
Net
26,181
„
appropriations for additions, to
and loss—balance.
Total
-V.
:
;
...
$7,846,769
$5,918,935
$5,648,668
167,262
'
Quar. End. Mar. 31—
profit
Depreciation
Total
income
Fed.
income
profits
Net
48,963
and
tax,
1,966,961
from 'income—
per
share.
com.
,
32,844
19,017
1,417,336
' 1,410,710
392,204
349,361
$4,328,168
$4,030,216
1,417,176
707,992
"
.$603,066.'
General Balance
Comparative
.
Assets—
Sheet, Dec.
_
$0.11.
in
road
and
equipment, etc.
reported,
L.oans
established
company's
practice
earnings only to the extent realized in U. S. dollars.1,As a result of receiving these funds the company will probably not;
receive quarterly
dividends from a foreign subsidiary which it was
of
the
vent
remittance
undue
amount
of
earnings
in
each
funds
r
received
distortion
the funds
for
the
made
been
and
a
included
former
the
for
of
on
from .agents &
accounts receivable—
supplies
*Net
profit
Shares
Earnings
*
income
all
387,750
$78,210
1,384,000
1,379,750
$0.06
$0.04
share
per
After
$100,243
——
stock..
charges including depreciation
$59,703
and provision
Preferred
ended
March
$0.04
Goldblatt,
President,
at
the
annual
stated-that there is
this
year
He
ordinated,
costs
and
no -possibility of. a
dividend on
war merchandising conditions
warehousing activities have been
because of
stated
that
with
the
result
that
substantial
have been made
expenses
so
and
Other
$1 ,358,899
revenues....
Operation
—V.
Maintenance
satisfactorily
in
operating
158, p. 577.
5,073,299
4,088,825
60,425
753,085
686,600
133,517
1,460,357
1,602,267
plant acquisi¬
tion adjustments
16,151
Federal income taxes-
1251,330
182,689
3,348,389
2,073,883
87,531
90,957
1,188,977
1,124,414
taxes......
120,010
—
...
238,095 "■
—
4,469,424
505,654
Net oper.
88,982
J
8,718,736 '
....
-
$91,183,213,'
;
Dr30,952
$358,142
100,185
—
■
$3,380,272
54,013
.;
Net
1944
after
income
Interest
all. charges—
long-term
on
taxes
debt——
$1,815,252
$257,957
requirements
...
dividend
Balance for
common
$3,434,285
$2,933,406
1,225,185
1,230,237
414,470'
Net
profit
132,500
248,270
Federal
'.State
dividends
Common
$843,414
shares outstandingEarnings per preferred share——,
Earnings
per
—V.
159,
$4,341,200
584,968
1,506,861
128,531
$6.56
$6.64
1,016,961
1,016,961
584,9§8
1942, company had outstanding long-term indebtedness
$35,819,117, including the unpaid balance of certain Diesel switching
equipment obligations bought on a rental purchase agreement which
were
funded in the form of notes during
1943.
Of this "amount ;
$3,975,000 GM&N 5V2% bonds; $5,744,000 GM&N 5% bonds, .and a 4%
note to the RFC of $8,780,000, or a total of $18,499,000, bore maturity
of
was successful
The
RFC
10 years at
purchased
an
issue
and
$0.67
$0.68
share
share
was
also
per
share
$283,275.
In
trust
bonds
amounts
..
the
addition to
above,
collateral
funded
debt
the
on
^
on
March 2, 1942,
6%
dividend of 37V2 "■
a
•
declared
the
preferred
also
in
funded
reduced
debt
in
the
of
usual
stock,
quarterly
par
$100,
dividend
payable
of
Haverhill Gas Light
Period End; March 31—
Operating
July 20
to
•
159, p. 638.
charges
income,
of
$717,334,
and
account
of payments of equipment-trust
certificates, notes coveringequipment, purchase of bonds for sinking fund purposes and
retirement, making total debt reduction of $3,816,334.
Notes were[issued in the amount-of $172,850 covering the purchase of one Diesel
road locomotive, making the net debt reduction in 1943
$3,643,484.
During the year 194.3 the company handled 492,000,000 more ton
but
ceived
8.18
for
reduction
each
in
ton
mile
earnings
declined
mile being
ton
per
from
the
average amount
mills to 8.01 mills,
r
,
income
Retire,
402,008
31,602
102,993
——————
$9,652
(net)
'
2,271
8,791
accruals
due. to the
removal
of
Gross
Interest
income
[of
extremely low
the
traffic
rebate
to
the
The board
the
•rqotive
of
Government
more
for
than
the
in
year
amounted
that
a
large
part
for
the
Preliminary
to
approximately
1942.
directors has under consideration
management
power.
the fact
for
$1,600,000—$500;000
by
to
military purposes subject to land grant rates,,
average distance hauled increased.
The land grant
was
[furthermore the
and
rates
emergency
Charges
holders
a program submitted
dieselization of the railroad's
indicate that savings of between
complete
studies
(The)
73,122
$48,748
391,706
391,706
$0.17
;
$0.10
[
of $19,235 for post-war adjustments.—V.
158, p.
,
1384.
30- cents per share has been declared on the capital
$5, payable May 5 to holders of record April 28. Payments i
as follows: Aug. 10,
30 cents; and Dec. 10, 70 cents..
'
..
"
175
$10,396
Van
2,917
" "
4,713
—
1252.
$71,682
.
50
46
,582
$71,100
the company,
which has been closely held by members of the Hecht
family since the business was founded in 1874.
The company operates
eight retail stores including branches in Washington, Baltimore, New
and
Easton, Md.,* which had an estimated sales volume of more
than $40,000,000 in the last fiscal year.
The company is one of the few remaining
large retail organizations
about
$5,300,000
of
the outstanding
the
on
ownership although last
414% preferred stock was
,
1.
June
are
at
announced "62V2
quarterly dividend
cents
and
of
the
37V2
dividend'
cents
is
on,
paid.
The
of
-
cash
the
convertible
the
on
rate
position,
of
$1
preferred
board
of
per
of
the
warrant,
company
share per quarter
on
to
the
stock until the arrearages on this
directors will
review the situation
the
year to determine whether a larger amount
share-per quarter may be paid on account of
The arrearages on the preferred stock, upon payment of
end
37 V2
cents
per
just declared,
will amount to
Commercial
Telephone
$7.73
per
share."—'V,
159,
1447.
was
Co.—Preferred
made April 18 by
an
Stock
underwrit¬
share.
Purpose—Net proceeds amounting
be
has not been opened to public
share
payable
ing group headed by Paine, Webber, Jackson & Curtis
and' Mitchum, Tully & Co., of 21,000 shares $4.75 cumu¬
preferred stock (no par) at $100 per share. The
stock is redeemable in whole or. in part at $104% per
49,140 :
:
IIecht Co.—Stock to Be Distributed—
now
per
lative
.$56,183
It is understood that negotiations are now under way with Goldman,
& Co. looking to the first public distribution of common stock
which until
current
the
and
dividends
Illinois
523
$4,016
51,597
the
Offered—Offering
,
35,000
$7,430
—
is
dividend
the
$56,707
*
z
Wyck,. President
arrearages
eanrings
than
5,614
$91,707
35,000
t,-
convertible
$86,092
$106,682
2,917
$4,062
of
arrearages.
29,288
96,596
$101,969..
$6,979
$1 Preferred Dividend—
April 14 declared a dividend of $1
preferred stock, par $50,
on
record
of
declared
toward
380,667,
to
used
shares
ter's
'
Sachs
year
288,529
*$76,941
—
May 2.
This compares with 62V2 cents per share;
paid, on March 1, last.
Payments in- 1943 were-as follows: March 1.
June 1 and Sept. 1, 62V2 cents each;, and Dec. 1, 92Va cents.
follows:
York,
and
were
cumulative
stock
$592,644
'
:
•
Dividends declared
—V. 159, p.
of
taxes
:
share—
: The directors
5%
p.
$6,803
$7,480
...
Net income
rate
^increases- enjoyed in 1942, to the large~tonnage of petroleum handled
at
•
-J-j———
744
-
reserve
$638,571
36,061
9,822
revenues—
Balance
re-,
121,370
this preferred stock.
In 1941,
25 cents
was paid, and in each of the years
1942 and 1943, 30 cents- was paid
on account of
arrearages on the preferred stock.
The board of direc¬
tors believes that in view of the recent refunding, the company can ■
properly pay a larger amount on
arrearages
than has been paid.
during the past three years. - Accordingly, it is proposed, so long as
1944—12 Mos—1943
$53,926
2,183
—
oper.
Non-oper.
the
$953,170
365,470
T
reserve
cumulative
$58,224
Diesel
miles of revenue freight than in 1942,
profits'
1943
$1,538,290
^
excess
158, p. 2253.
account
Co.—Earnings—
1944—Month—1943
■ -
——-
Net
on
1944
;
taxes
par
'Allen
36,566
revenues
■
to
Corp.—Earnings—
■
dividend, of
the
debt
j
$0.63
on
Illinois Power Co.—To Pay
to
$1.50
$3,099,000 mentioned
amount
$0.42
_[ $0.93
$0.99
operating expenses,—V. 158, p. 1638.
_
after
year
declare
'
Operation
...
reduction
was
* See*
$300,481
„1
—V.
Corp.—Secondary Offering—Kobbe, Gearhart
& Co., on April 14 made, a secondary offering of 42,700
shares of common stock (par $1) at $2% per share. Com¬
pany was formerly known as Harvill Aircraft Diecasting
Corp.—V. 158, p. 3910.
-
of
.
the
143,282
$429,037-
•
Hygrade Food Products Corp.—30-Cent Dividend—.
A
paid.
of record July 6.—V.
Maintenance
of
182,G80
$465,513
profit
stock,
directors
per
The
Taxes
issuance
92,561
$193,513
$3.63
share
11.
including June 3, 1943, while
an
B collateral trust bonds in the principal amount of
$8,700,000
1958 and bearing interest at the rate of 4%.
From the
proceeds of the two sales and company cash all of the 1950 maturities
were paid and retired.
This brought about a reduction in funded debt
of $3,099,000.
"
■
The annual interest saving in connection with the retirement of
1950
the
inc.
income
*After
on April 17 declared a dividend of 25 cents per share
stock, no par value, payable June 1 to holders of rec- "
A similar, distribution has been made each quarter since
maturing in
and
166,355
$300,481'
$33.77
common
series
maturities
144,803
per
128,531
-
1040. "
p.
ord May
in selling an issue of $6,700,000
collateral^ trust bonds maturing serially for the next
3.49^.
$466,836*
directors
the
holders
Gulf, Mobile & Ohio RR.—Fourth Annual Report—
of
'
$608,795
shares'outstanding—
1,016,961
-
Harbison-Walker Refractories Co.—Dividends—
The
$1,118,202
As of Dec. 31,
Company
117,795
Cominon
Just
interest'rate
15,034
$611,717
Earnings
642,655
249,806
■
128,531
outstanding.:.._
common
'»
252,881
paid
Preferred
shares
$854,056
160,663
160,663
....
Harvill
average
$753,598
1,895,944
.
—V, 159, p. 216,
dates in 1950.
$729,512
'
per
sales
2,411,501
673,711
.411.939..
income
corporate
Preferred dividends paid——
$1,703,170
$2,209,100
$1,624,132
stock and* surplus
$363,051
'
12 Weeks Ended Mar. 13—
"Net
Dr62,409
$251,632
$150,032
,
$451,802
5,262
taxes
stock
Net
$8,781,145
39,215
,
_
—
1§43
1943
$1,690,303
20,481
...
Consol.; net
cents
Balance
' $748,336
10,494
Hummel-Ross Fibre
Cal. Year
.
$2,995,815
101,600
.
$719,017
Canadian
inc.
*Taxes included in
Quarter Ended Mar. 31
on
Balance
Preferred
$282,584
9,579
net.
1,573,396
$2,025,1981
76,978
Fed.
and
capital
'1941'
1,563,557
$286,074
Mexican
Earnings
"1942'-
$2,311,893
1,589,123
$347,384
15,667
.Net'income
'
-
companies)
1943
$2,308,141
—
U. S.
taxes
&
4,277,246
$93,055,597
—
5
subsidiary
,
$2,515,330
—
Prov. for
)
in
1944
6,972,035
6,380,543
...
Period—
•
Common
193,810
$348,563
revenues...
income,
interest
——
Depreciation
4,012.446 :
$14,538
2,167,945
•Total
691,985
38,876
182,509
-
$26,759
Co.—Earnings—
expenses
last
Other
175,815
.Net income
——u
l.,
,
$197,040
—L.
—
Operating income '.
128,537
518,973
349,623
...
187
$202,571
—
(Including
,
Other income
47,550
...
$196,854
£>rl,449
159, p. 1555.
Operating
344,594
...—,—
liabilities.
232,706
$204,023
operation——
Net value of metals sold
.
1943—12 Mos.—1942
Amort, of
Other
—
1943
$429,560
307,297
.
transportation-—:
transportation..
revenue
.
1,500,401
120,531
'
Depreciation, and depletion
51,489
.
i.
from
Howe Sound
632,335
2,898,403
(M.<*A.} Ilanna Company- -Earnings—
-
co-.
122,093
;
Depreciation
payable.
1554.
p.
from
35,186,783
1,180,639
—
404,685
—
159,
1944
$511,320
transportation——.:—
other, than
..
28,442,475
payable
wages
liabilities
[Total,
,
1
$1,133,867 $15,398,189 $12,571,804
383,695
—V.
$8,265,890
30,994,994
-
—
liability
Unadjusted credits
last week,the common stock
and high taxes.
-
far this year.—V.
481,741
* 3,353,920
balances—
accounts
current
Deferred
Federal
Operating
$4.11
held
reductions
1943—Month—1942
tax
from
revenues
Net
$93,055,597 $91,183,213
——
28,443,475
(current)—
car-service
Corporate surplus
Gulf States Utilities Co.—EarningsPeriod Ended Dec. 31—
724,004
$6.34
expenses—————.
Deductions
98 357
$8,265,890
—
—
equipment
and
Accrued
1943 and $47,425
meeting
$3,280,958
721,537
$5.18
.3,376,559
.
Rapid Transit Co., Ltd.—Earnings—
Net revenues
——
..
shares).—
(284,424
Unmatured, rents, accrued.
.
Goldblatt Bros., Inc.—Common Dividend Outlook—
Morris
9,745
120,331
•
m
—
31, provisoin for Federal,
■income taxes amounted to $67,500 in 1944, $53,650 in
in 1942.—V. 158, p. 2468.
$4,855,475
721,537
11,967
Interest matured unpaid
:
Unmatured interest accrued———
1,369,800-
.
months
stock
Miscellaneous
.
three
7,053,941
of January—
3 Mos. End. Mar. 31—
Audited accounts and
for Federal
taxes.
Note—For the
1,868,936
1,024,607
5,592,983
448.
p.
Revenues,
$7,662,124
.
$4,019,361
revenues
Net
9,773-
107,993
(590,420 shares)..
Long-term debt
$62,787•
$10,501,730 $12,784,029
889,386
874,613
—
735.817
19,721
————
^
C.ommon stock
1941
$0.07
___■
common
1942
510,067
■
3,214,974
—:
—_
159,
Operating
Liabilities—
Traffic
1943
assets.
'
Total
quarter is subject to
1944
—'
Month
1,108,707
—
Unadjusted debits
Goebel Brewing Co.—Earnings—
3 Mos. End. Mar. 31—
.
profit
Gross
4,791,141
3,851,300
—92,656
:
———
—V.
these-
Honds
1
the market
.
from
Honolulu
2,344,953'
——
reecivable
current- assets
of
.865,561
2,478,865
.',
receivable
Deferred
renegotiation, so,
far as it arises from Government contracts.
However, it is not ex¬
pected that renegotiation will materially affect the income as reported,'
If at all.—V.
159, p. 1251.
j.
furnishings
reach
8.
p.
Outstanding common shares——
Earnings per share—
705,097
3,878
conductors
—:
Interest and dividends
Rents
•
-
and
Other
the
report-of
be included,
will
receiv.
Material
the-above
Provision for taxes
years.
1944
in
one-fourth
similar .amount
succeeding quarters.
in
income
quarter,
only
home
will
of
31
849,806
—
Miscellaneous
during 1944 approximately the amount
the first quarter,
n order to pre-,
earnings,
$2,013,908.
3,498,100
;.
;
bills receivable
and
Net balances
during
quarterly
received has
first
the three
of
was
The net
of
the
stock
15
350.857
,
5,319,486
,r—.■
—
of
reporting foreign
expected would have aggregated
of
Prov, for deprec., int., etc., charges
Prov. for inc. and exc. profits tax-
1943
1942
$74,237,521 $74,725,235
■
Investment
During the 1944 quarter the company received $840,418 representing''
foreign earnings frozen in earlier years which have not previously been
the
,
$3,775,475
„
with
Profit
17,477
$5,796,913
1
Cash;..
——
Temporary cash, investments—
Special, deposits
in .accordance
$3,792,952
$6,071,679
charges—
appropriations
603.555y
$837,240
$0.23
$5,815,930
[ includes $517,266 in 1943 and $252,970 in 1942 for amortization
defense projects in excess of ordinary depreciation charges..
84,684
...
$0.24
and, in
common
—
$839,219
$0.27
apparel
(Including Wholly-Owned Subsidiary Companies)
(Stated in Canadian Currency)
Net
Dividend
1,578,704
$894,152
wearing
Feb. 29, '44 Feb. 28, '43 Feb, 28, '42
oper, after all charges
—
mfg., dist. & management
$10,160,873 $12,458,009
$7,402,922
Other income
340,857
326,020
259,202
131,492,
1,351,307
for fixed"
avail,
Net income
t
1,732,979
:
the
cents per share were also
made on Jan. 28,
31,. this year, and in each quarter during 1943.
In
year-end dividend of 70 cents per share was. paid on Jan.
a
Total
Income
$1,271,305
45,352
.
"
excess
etc..
profit
Earns,
$2,461,296
48,279
$6,104,523
———
deductions
charges
Contingent charges
1943
$2,620,476
in
6 Mos. Ended—i.
■
.
Subs.)—Earnings—
*. .1942
1941
1944
$2,910,076
^Operating
of
t
—
——
Fixed
(&
volume
Hiram Walker-Gooderham & Worts,
Ltd.—Earnings—
$3,661,460
185,588
sales
and March
1,364,508
railway operating income—;.
total
28, 1944.—V. 159, p. 638,
$5,025,968
2,198,101
25
addition,
616.651
2,200,539
leaders
expected that.the block of
Distributions
Feb.
—________
$8,119,474
the
The directors on 'April 18 declared three dividends of 15 cents
per
shale,, payable May 26, June 30 and July 28 to stockholders of record
May 16, JUnd 20 and July 18, respectively.
A like amount, previously '
declared, is payable on April 28 to stockholders of record April 18.
1,033,203
1
—
Other income
159, p. 1352.
Gillette Safety Razor Co.
795,022
half
Hibbard, Spencer, Bartlett & Co.—Three Dividends—
82,066
1,039,878
—————
city's
*
$20,248,288 $17,511,314 *
—
—
Railway operating income
rents, Dr
—
Net
1,752,245
46,304:
2,145,614
.175,748
2,795,714
prop,
958,959
1,070,874
.
taxes
Net
792,301
1,928.236
.
taxes
other
about
for
accounts
"
758,436 *
212,640
and
during the latter part of May.—V. 159,
52,404.
2,603,860
182,473
com¬
the
by
It is located at 7th and F Streets, and was established in
In Baltimore, The Hub and the Hecht Brothers units are
among
'It is
$7,521,323
;
.
18,489
917,263
operations. $13,138,680 $12,498,169
ry.
taxes
■>
661,424
:
.
the
1,114,203
Crl2,58l
income taxes—2,806,900
income
Payroll
All
•
liabilities
95,886
1,114,965
.
shares or about 25 ',£> of the outstanding
founded
were
business.
[
6,834,230
168,540
,
city,
1896:
1,039,671
8,938,161
—
from
revenue
State
234,621
-2,021,977
...
......
1,047,947
1,315,327
-
expenses.
Federal
140,000
'
677 s
374,876
....
1,060.647
10,298,459
:
„
stores
company.
Dr2,919
Transportation for investment.—_
4,300 :
•'
678
■
accrued.
liabilities
187,403
$37,858,695 $33,173,151 $23,647,847
*5,866,663
*4,509,984
3,377,493
*6,010,379
*4,968,039
3,721,102
revenues
of way
Miscell.
i
operating
Miscellaneous operations
78,120,
.100,000
.....
Unadjusted credits
Special
railway
Transportation
164,996
283,523 1
449,607
payable
.liability:...
current
Deferred
'
1,000.000
—168,226
.
that
720,824
Dr4,257
and structures
Maintenance of equipment
684,000:
1,000,000
:
unpaid.....
interest'
tax
Total
6,419,699
payable.:
wages
Interest payable Jan. 1
.Dividends matured unpaid
'Other
[
1,084,000
6,419,699
accounts
734,806
347,168
Dr6,484
the
management, with the develop¬
ment of the business being financed
almost entirely out of earnings.
The leading stores of the conlpany are located in
Washington, D. C.',
and Baltimore.
The Washington unit is one of the principal stores in
1941
760,926
...—
Joint facility revenue .(net)
$2,000,000
1,084.000
[Loans and bills payable
1942
about 200,000
stock.
All
(
361,981
revenue——
revenue.-
-
684,000
:
[Traffic and car-service balances (Cr)
Interest
,
$20,248,288 $17,511,314
—.v)
accounts
transportation
than
more
$34,039,146 $30,736,553 $22,122,768
2,700,899.
1,361,108
"
619,770
Traffic
[Second preferred stock—_[
Audited
.
—„
kjPirst. preferred stock.
Miscellaneous
Other
'
stock
purchased- from -stockholders by a nuhrber of large life insurance com¬
panies for investment.
The proposed sale is expected to involve not
to- handle
7.783
; 229,099
needed
1657
mon
_J,
revenues
Total incidental
Maint.
1...
—_
*
19.842-
455,238
>■
units
1943
Passenger
125.[[
21,000
[Unadjusted debits
1
18L275
6,940
assets.——
Diesel
of
$9,000,000.
Freight-revenues
876,883'.
183,405-
dividends
traffic is
expected
number
the
of
Income Account for Calendar Years
20,321
1,316,423.
supplies;
and
cost
estimated
104,977.,
16,116
[Miscellaneous accounts receivable..,
the
could be effected after completion
annum
program.
The
413,970
250,000 '
107,790
—
agents and
of the
1942
*
$15,369,952 $15,307,038
„—
Temporary
$800,000 and $1,000,000- per
,
Assets—
Investments
CHRONICLE
retire the
17,098
owned
by
cumulative
$6
(after expenses) to $2,012,010, will
preferred stock of the company as
share, requiring, $1,880,780; #,567
parent, General Telephone Corp., at lat$130,850; total, $2,011,630.
shares
at $110
per
company's
cost, requiring,
Capitalization Outstanding Upon
Completion of Present Financing
,
First mortgage bonds, series A, 33A 9b
-
$4.75
cum,
Common
preferred stock (no par),
stock
(no par),
300,000 shs.
due June 1, 1970;
21,000 shs.
authorized
author
$5,750,000
21,000 shs.
175,000 shs.
•Company—Incorporated in Illinois Feb. 3, 1928, company is engaged
the business of providing, without competition, telephone service to
communities and surrounding territories in Illinois, including one
exchange serving 146 telephones acquired as of Jan. 1, 1944.
The
in
181
THE COMMERCIAL & FINANCIAL CHRONICLE
1658
largest
municipalities served are Kewanee,
Belvidere, Carbondale, Lawrenceville,
coln,
Mt.
and post-war
retirement
Monmouth, Macomb, Lin¬
Harrisburg, Marion and
(after
Carmel.
in
credit
post-war
1942.
wages
toll service between various
of its own
between its exchanges and
exchanges of other telephone companies.
Toll service to other points
ill and out of Illinois is provided through toll connections with Illinois
Bell Telephone Co., American Telephone & Telegraph Co. and certain
other telephone companies,
Such toll service is provided under operat¬
ing agreements or interchange contracts with these connecting com¬
Cash
in
panies.
U. S.
Government securities
toll lines which provide
exchanges and, in some cases,
Company
owns
expense
in
Other
1943'
Operating
revenues
$2,864,255
2,322,108
$554,081
$542,147
Intangible
$626,721
5,086
555
3,810
.
(net)-—
$541,592
,243,607
special charge-
$301,728
$297,985
income
Net
Divs.
on
—V.
1
——
131,250
Accrued
Accrued
1,171,792
1,136,346
_
550,000
42,408
183,380,847 179,932,888
—
(trade)
—_
1,956,217
247,050
„
income & excess profits taxes
7,277,783
1,371,295
9,630,899
compensation payable within one year
112,852
34,340,000
99,587
37,360,000
94,661
49,304
10,612,918
62,500,000
54,283,025
10,401,425
60,979,309
51,165,685
than
Fed.
debt
income
—
—
•
—
Capital stock (1,633,105 shares, no par)
Earned surplus
:
—
183,380,847 179,932,888
Total
"Less reserve for doubtful balances,
and
1943
in
$851,170
claims and allowances of $886,193
fLess
1942.
ILess reserve of $489,950
future decline in value of certain inventories.
in
and
1943
in
$527,953
expenditures
'[Including
1942.
in
of
1943
for emergency facilities subject to special amortization.
§Less U. S. Treasury tax notes at cost and accrued interest—$13,549,527
$14,281,734
in
Account
1942
1943
Railway
operating
Net
$3,927,910
1,493,798
tax
income
Total
$1,722,155
$1,886,011
50,484
46,804
$1,772,640
38,183
$1,932,815
41,540
i—
__
income
Miscell.
$3,335,531
1,145,293
304,227
$1,148,499
Net railway oper. income
Other
$3,011,141
980,838
308,148
78,608
income—.
Equipment rents (net Dr)
1
Joint facility rents (net Dr)
deductions
from
36,795
income
Fixed
for fixed
charges—
$1,111,705
503,45 1
-
In
,
—
$1,232,675
$1,385,819
*
912,000
1,140,000
income
Dividends
*"8%
paid
in 1943,
——
the
received
Assets—Investments
in
Sheet, Dec.
31, 1943
equipment,
road,
etc.,
temporary cash investments, $3,975,000; special deposits,
$21,793; net balance receivable from agents and conductors, $815,352;
$1,394,885;
miscellaneous
$668,392;
assets,
total,
accounts
interest
receivable,
material
and
other
unadjusted debits,
$48,181;
supplies,
current
of
$7,600,000;
3%
over
taxes—Federal, State, local and foreign—
This total is after
deducting $238,547 representing United States and Canadian post-war
excess profits tax credits for which the companies will receive govern¬
ment obligations which cannot be converted into cash until after the
total
of
Power Co.—Merger—
See Northern Indiana Public Service
end
of
the
amount
provided
Steel
Co.—Annual
for taxes
based
Taxes
only
ing
bonds and $1,400,000 of 1 *4%
notes, $700,000 of which fall due on
July 1, 1945, and $700,000 on Jan. 1, 1946.
As a result of the calling
of $3,000,000 3% bonds, no sinking fund requirements will have to be
1951.
The total of
all taxes charged against income
$22,700,654, equal to $13.90 per share of capital
This compares with $26,648,084, equal to $16.32
capital stock outstanding at Dec. 31, 1942,
for refund
1940,
years
of
the
the
1941,
Internal
and
1942
Revenue
of "the
accounts
taxes
Federal
of
Act.
have been
or
for the year was
stock outstanding.
share on the
per
will be filed
for the
1943 under the provisions of Section 722
These claims have not been reflected in
(net)
set aside in reserve
contingencies to provide for expenditures and other possible post¬
for
war
1942
1943
as
its
to
Hudson
accrued
Canadian
Other
accrued
1942.
finished
steel
of
capacity.
the year
shipped as compared With 2,654,366 tons in 1942.
During the period from Pearl Harbor to Feb. 29, 1944, the company has
produced a total of 7,874,885 net tons of steel ingots, equal to 304.5%
rated
During
were
construction and
of Dec. 31, 1943, exclusive of maturities and sink¬
1,421,438
1,793,968
2,296,499
1,567,182
1,477,905
2,346,658
Insurance
Earn, of
the
expended
company
$4,463,000
for
Power
Res...for pr.
Reserve
deducting
discounts,
returns
and allowances
Interest, dividends and other income
Total sales and
of
sales,
preferred
Common
revenues
selling,
;
general
672,617
204,307,383 190,284,621
and
and depletion
emergency
of
161,884,247 144,270,085
facilities-
tInterest and expense on funded debt
7 344,792
*461,296
1 505 866
241,674
income
& excess profits
taxes—
' 96*210
1 009 638
Prov. for post-war and other adjustments
for Fed.
7,522,514
2,253,442
1,269 304
Other charges
"■Prov.
income
Dividends
2 000 000
19[325[000
23!885!000
10,801,564
declared
Includes
the
cash will be returned
Federal
7 348 972
$6.61
excess
cumul.
stock
credits-
deferred
and
4,189,-106
■
subsidiaries.
($15
.
($100 par)
315,605
92,596,600
27,357,825
par)
Capital surplus
11,929,577
28,384,192
surplus
Total
6-,426,700*
315,605
stock
conv.
Earned
92,596,600
27,357,825 '
11,929,577
24,600,214 v
241,995,931 235,031,503
—
"After deducting reserves for depreciation and obsolescence of $100,028,390 in 1943 and $89,750,353 in 1942. tAfter deducting reserves for
tax
of
$3,244,933 in 1943 and $3,227,264 in 1942.
income taxes accrued
S.
amount of $20,850,441 offset by
in
anticipation notes of like amount.—V. 159, p. 551.
International
Utilities
Corp.
Amended
—
Plan
Ap¬
proved Conditionally by SEC—
The SEC on April 13 conditionally approved the amended plan of
recapitalization, of the corporation which was filed for the purpose of
bringing its original plan into conformity with the conclusions of the
Commission as announced in the latter's findings and opinion entered
Feb.
on
15,
1944.
The plan,
as amended,
lowing transactions:
provides,
among
other things,
for the fol¬
Electric Co, into International.
2.
corporation^ of 95,946 shares of
$3.50 preferred stock to holders of International's $3.50 prior preferred
stock on a share-for-share basis.
The new preferred stock is to have
a par and liquidating value
of $50 per share and is entitled to $52.50 i
per share upon redemption except for shares redeemed pursuant to the
sinking fund provision of at least $105,000 per year when the redemp¬
The merger of Dominion Gas &
The isssuance by the resulting
1.
tion
price is
be
to
$50
per
share.
extinguishment of all of International's $1.75 preferred,
class A and class B stocks, and of Dominion's preferred and common
stock, and of all unpaid dividend accumulations therecn, and issuance
by the resulting corporation in lieu thereof of 262,541 shares of new
common stock (par $15),
to be issued as follows:
The
3.
or
1.9 shares of new common stock for each share of International's
*
unpaid dividend accumulations,
the new common representing
.
total
a
48.24%
stock and
shares
preferred
of
its
of
126,639.864
of the issue;
International's
existing class A stock and its unpaid dividend accumulations, or a
total of 123,376.4 shares of the new common representing 46.99% of
1.4 shares of new common stock for each share of
(b)
issue;
(c)
share of new
One
stock for each 100 shares of Inter¬
a total of 12,522.652 shares of the
common
national's existing class B stock, or
new
common
representing 4.77% of the issue;
share
(d) One
existing
of new
common
stock for each share of Dominion's
stock publicly held,
common
common..-
new
or
a
,
.
total of 2.06 shares of "the
•«'
'•
-
The
tal
such
of
redemption
the
redeem
idle
redemption, International proposes to contribute to the capi¬
the bonds of Dominion held by International at the
Dominion
of
■time
bonds
well
as
the
in
sufficient cash to enable Dominion to
the public.
In order to utilize its
as
hands of
further requested that it be permitted to
make such capital contribution and to redeem Dominion's bonds Imme¬
diately upon the issuance of our order approving the plan as amended
and without the necessity of securing prior approval for this aspect
of the plan of the Federal District Court to which application is to be
cash,
to
made
The
International has
enforce
the
plan.
plan, as amended, proposes
the following capitalization for the
company:
preferred stock, 95,946 shares ($50 par)
stock, 262,540.976 shares ($15 par)—
$3.50
Capital
surplus
of
contracts under the Sixth Supplemental National
Appropriation Act as amended, but no final agreement has
We believe, however, that contingency reserves estab¬
lished out of earnings in 1943 and prior years for this and other pur¬
40,44
33.20
26.36
Total
$11,"862,388
100.00
—[
;
capitalization
amendment of the
The
Percent
$4,797,300
3,938,115
3,126,973
Common
plan to eliminate the proposed note issue of
$700,000 has the approval of the SEC, which also approved the pro¬
posed capital contribution by International to Dominion and the re¬
demption of the Dominion bonds.
Since the aid of the enforcement
court is not required to effectuate such transactions, the request that
to be consummated immediately
upon the entry of
order to save investors in Inter¬
Dominion's debt pending court ap¬
proval of the plan.—V. 159, p. 1148.
the
SEC
national
order
the
be
will
interest
granted
charges
in
on
Dominion Gas & Electric Co. Bonds Called—
reached.
to cover any amount we will ultimately be called
renegotiation of the years 1942 and 1943.
will be ample
poses
to pay for
Statement of
Consolidated Income
Gross
1942
$
Years Ended Dec. 31—
$
sales, less returns, allowances and discts. 216,122,581 209,400,055
income
5,205,626
4,709,163
Total
profits
taxes
of
221,328,207 214,109,218
income
173,353,475 164,039,170
Cost and expenses
Interest
on
[
funded debt.:
on
Interest
—
other debt
debt discount and expense——
Depreciation
Dividend
—
U.
S.
Federal
Federal
State
stock of subsidiary
fTormal taxes
excess
on
Post-war
and
foreign taxes
:
:
profits tax credit
Earnings of foreign
11,708,716
978,379
* 6,850
13,410,161
913,419
6,850
4,375,040
1
.
other
excess
2,712,118
33,506
276,367
subsidiaries before
4,203,305
16,475,401
profits taxes, net—«
taxes
Canadian
,
.
paid
2,559,931
17,695
252,600
As
step
a
in
the
plan
of
recapitalization and
poration, its subsidiary, Dominion Gas &
redemption on May 15, 1944, all of its
bonds, 6V2% series, due July 1, 1945, at
will be.made at any time with full interest
Trust Co. of New York, or at the Montreal
merger, of this cor¬
Electric Co. has called for
outstanding collateral trust
101 and interest.
Payment
to May 15, at the Guaranty
Trust Co. at Toronto, Bonds
,
presented at Toronto
currency
are redeemable in the equivalent of United States
in Canadian funds at the current rate of exchange.—V. 159,
1148.
p.
507,398
458,691
1,211,718
638,951
Cr238,547 Crl,939,335
interest
oblig. held by International Paper Co
$13,410,000
$6.57
(after
debt
Net
profit—
Preferred
:
dividends
Earnings per common, share
Intertype Corp.—Billings Ahead of 1943—
Harry G. Willnus, Vice-Pr'esident and Secretary, at the annual meet¬
ing of stockholders held on April 17, stated that billings for the first
quarter of this year were ahead of the same period last year, but that
it was difficult under prevailing conditions to make any predictions
as to prospects
for the full year.
While war production continues to
absorb much of the company's man-hours, it has been able to make'
some
regular
19,195,039
1,705,741
2,346,658
$8,413,807
$7,814,319
4,629,830
4,629,830
$2.07
$1.74
10,721,372
7,348,972
*
Earnings per share
*
to
renegotiation
been
on
Net
plan,-- subject
a
authorities in charge of the
done with
has been
Depletion
adminis-
Prov.
amortization
of
they be permitted
1942
$
$
203,680,146 189,612,004
627,237
_
trative expenses
Provision for depreciation
for
on
funds of the company.
Amortization of
tCost
working
Renegotiation of Contracts
Other
cash
contingencies
stocks
5,648,260
inc. taxes not finally determ.
years
for
Preferred
4,052,400
reserve
Statement, Years Ended Dec. 31
1943
after
is
Corp.
impossible to consummate this plan, the
Considerable work
new
In 1942 the expenditures amounted to
improvements.
Consolidated Income
reserves
Amount
the general
on
funds, current.
foreign subs, since Jan. 1, 1942,
resulting
appropriate regulatory commissions, to refinance this
issue during 1944.
This plan involves the purchase by International
Paper Co. of not more than $6,000,000 of 4% bonds of Hudson River
Power Corp. secured
(subject to an $8,000,000 senior issue) by the
capital assets to be owned by that corporation upon completion of the
financing.
In view of this situation directors deemed it advisable to
set aside $6,000,000 cash for this purpose and to carry it on the bal¬
ance sheet as. a
capital asset rather than a current asset.
Should it
to
829,672 '*■
1,018,547
847,665
dues——
Funded debt maturities and sink,
with
1943
1943
approximately $8,700,000.
Sales,
Debt
during 1943, funded debt amounted to
1944 which are classified as current liabilities.
This
$13,464,000 of International Paper Co. first and
River
553,148
1,038,845
Miscellaneous accrued liabilities—
4.
of the
found
458,691 *
taxes accrued——
715,447
——1,175,876
taxes—
stumpage
485,311
507,398
accrued——
other foreign
54,518,782
5,887,504
893,418
852,283
451,898
—
—
taxes
and
51,359,199
6,830,013
:
:
redemption of Dominion's 6%% collateral trust bonds, due
July 1, 1945, at the call price provided in the indenture. In connection
in 1942.
pay
be
expense—
accrued--.——
the post-war excess
agreement.
approval
598,995
—241,995,931 235,031,503
Payrolls
Defense
ingot production, the rate of operations for the year were
of rated capacity as compared with 102.3% of rated capacity
During 1943, 2,785,734 net tons of finished and semi¬
on
at 106.6%
stock.
Corp., a
agreed
total of $4,000,000 has been
a
adjustments.
Based
for
and
common
include
not
Department.
In
deducting
(after
income
of $3,159,583
pending review by the Internal Revenue
company
The amount provided each year
1942.
bonds due Jan. 1, 1947, on which Hudson River
subsidiary of International Hydro-Electric System, has
interest, sinking funds and principal when due.
How¬
ever,
International Paper Co. remains responsible for payment of
these bonds, and might be called upon to meet that responsibility if
Hudson River Power Corp, failed to make payments in accordance with
Power
bonds on April 1, 1943, to provide for regular sinking fund
requirements.
In addition, $3,000,000 of its series F 3% bonds were
purchased for redemption and paid for on Oct. 1, 1943, at 106.
The
long-term debt of company now consists of $32,940,000 series F 3%
Claims
in
Funded
does
788,734
Liabilities—
little change from the $26,-
represents
refunding mortgage 5%
Report—
series F 3%
until
on
figure of over 73%
ing funds due in
During the year company reduced its long-term debt by $3,020,000.
Of this amount $20,000 represented the purchase and cancellation of
met
1943
profits tax credit) absorbed over 12% of the consolidated balance-of
earnings after all charges except such taxes as against a correspond¬
total
Inland
for
equivalent to $14.36 on each share of outstanding
was
28,222
1
discount and
Funded debt—,
Accounts payable
the
war.
total
This
$51,359,199
Co., below.—V. 158, p. 890.
in
$26,187,228
435,140
803,532
employees
930,671
Total
debt
existing $1.75
Taxation
"
1
After deduction
Indiana Hydro-Electric
the corresponding figure for 1942.
provided for out of 1943 consolidated earnings.
was
and
365,973
(a)
194,550
long-term debt, $9,125,000;'
traffic and car-service balances—€r, $2,399,093; audited accounts and
wages payable,
$1,440,571; miscellaneous accounts payable, $241,465;
interest matured unpaid, $194,773; unmatured rents accrued, $19,414;
accrued
tax liability,
$1,233,665; other current liabilities, $562,789;
deferred' liabilities, $231,295; unadjusted credits, $5,499,070; corporate
surplus, $5,615,124; total, $34,162,259.—V. 159, pp. 551, 936, 1353.
stock,
$221,328,207 in 1943, an
sales and other income amounted to
I
$741,099;
$34,162,259.
Liabilities—Capital
•
assets,
$25,694;
$943,208;
receivable,
dividends
and
deferred
$36,705;
in ar¬
International Paper Co. has not
funds from its Canadian subsidiaries since the middle
any
increase
A
$25,491,950; ' cash,
foreign
of
1941.
Total
.
established in 1942, $1,705,741 repre¬
subsidiaries before interest on
policy
earnings
1943
at consolidated net earnings.
riving
surplus.
Balance
.
held by International Paper Co., has been deducted
12% in 1942 and 15% in 1941 charged to accumulated
General
s
net
the
with
accordance
senting
of
Net
J.
profit of company and its subsidiaries
amounted to $8,413,808 as compared to $7,814,319 in 1942, an increase
of $599,489.
In considering this increase it must be borne in mind that
the 1942 figure was after deducting $2,400,000 special obsolescence re¬
serve which was discontinued from Jan. 1, 1943.
consolidated
1943
In
$1,891,275
505,456
608,000
charges—
$1,734,456
501,78 1
' $608,254
avail,
Income
Co.—Annual Report—Richard
Paper
Cullen, Chairman, and John H. Hinman, President, state
in part: *
'
obligations
.
at
International
2,175,052
-
due
Unamortized
Feldmann,
announced
operating
tained
$5,122,835
1,787,303
$1,069,891
Railway operating
$5,098,527
2,087,386
$2,434,112
1,014,630
349,591
railway operations
accruals
—
from
rev.
Railway
__
14
were
tax refunds
currently
Prepaid insurance and taxes—
Corp.—Operating at Capacity—
President and Chairman of the Board, on
that all manufacturing divisions of the company
capacity against backlogs of orders which main¬
near-peak proportions.—V. 159, p. 842.
Russell
April
1941
$16,734,810 $15,937,603 $14,811,183
12,806,900 10,839,075
9,688,348
revenues
Railway operating expenses
C.
Years
Calendar
for
International Detrola
Report-
...
special deposits
hot
Note—U.
Indiana Harbor Belt RR.—Annual
6,298,253
15,101,735
35,657,459
1,939,335
265,394
608,073
49,820
971,248 *
701,275
492,086
1,141,903 *
12,599,691
17,980,609
Depletion applicable to pulpwood in inventory—
Deferred charges applicable to future operations
U. S.
income
and
doubtful accounts
1942.—V. 159, p. 551.
and $15,214,320 in
1943
6,723,666 a
13,391,828
9,433,135
-
28,287,818
from officers
of $900,000 for possible
reserve
136, p. 2422.
paid $50 a share.—V.
Restricted
5%
in
6,000,000
short term treasury bills—
Post-war excess profits
Receivables
s
re¬
—
Accrued
2,529,766
liabilities
proposed
bonds
tAccounts and notes receivable
Inventories
State income
taxes)
(other
with
20,252,144
6,526,117
1,579,567
269,700
9,426,575
_
commissions
Operating and contingent reserves.—,
will be considered
at a hearing on Aprii 27, the SEC announced April 17.
The company
would retire its publicly-held preferred and common stock and transfer
its assets to its parent,
North American Light & Power Co., before
dissolving.
Holders of the 56>/2 publicly-held common shares would
be
taxes
Deferred
the dissolution of company
plan for
amended
99,977,629
wages and
on bonds
§Reserve for Fed.
April 27—
Illinois Traction Co.—Hearing
An
interest
Accident
connection
in
Interest
salaries,
v
1447.
159, p.
93,671,008
40,680
equipment.,
—r—
Funded
reserved
Dominion of Canada
Due
$
127,080,308
24,609,118
438,726
Liabilities—
$339,099
109,236
201,250
$297,985
111,577
126,875
111,990
;—
424,290
.
Accounts payable
43,750
$301,728
preferred stock
common
stock-.—
$6
on
2,566,608
1,120,000
1,915,637
—-
assets
Accrued
$382,849
——
105,504
ore
assets—————
and
and
11,332,262
114,371
;
associated
to
charges
Total
$622,910
240,061
discount
_i
advances
investments
plant
$2,735,068
2,108,347
$548,995
247,266
Divs.
and
in
17,733,296
working
of
respect
in
employees
funds, advances, etc.
3,42b
earnings
—
Interest and other deductions:—;—
Special amort, of debt
-
mining companies (net)
excess profits
tax refund credit
$3,182,158
2,628,077
Net
Net income before
15,241,457
19,269,215
;
securities
Post-war
4,732
2,267
operating revenues
_
Total operating expenses & taxes—
operating income
deductions
accounts receivable—
235,935
13,445.410
17,492,516
Investments
Deferred
Net
8,308,824
295,470
liProperty,
Total
Miscellaneous
5,398,777
(net)
from
fOther
Woodlands
Cash
$
1942
$
117,302,701
24,013,515
properties, water power rights, etc.
(less depletion and other credits)—
Investments, partly pledged
1942
24,951,691
'
1943
"Plants and
funding of first mortgage 5%
26,333,883
hand
on
Finished and semi-finished steel products
Due
—
uncollectible accounts
for
Provision
and
marketable
•'Notes and
1941
1942
31
$
banks
■(Inventories
Ended Dec. 31
Years
Statement
Dec.
1943
—
Income
Sheet,
31
Assets—
Cash
Balance
Assets"-*-
underwriter and
each
of
names
1942.
Consolidated
the number of
shares of the stock severally underwritten are as follows:
Paine, Webber, Jackson &
Eastman, Dillon & Co.—
2,625
Curtis
;
6,090
Shields & Co
—
2,625
Mitchum, Tully & Co
2,625
William Blair & C°._
Merrill Lynch, Pierce, FenEdward D. Jones & Co
ner &
Beane
2,625
Wisconsin Co.
1,470
Underwriters—The
Consolidated Balance Sheet, Dec.
credit of $1,490,000) in 1943 and $17,600,000
and debt retirement of $1,955,000) in 1942.
and salaries of $51,669,987 in 1943 and $45,558,658
Including premium paid and unamortized
discount and
on
funded debt retired of $190,631 in 1943 and $247,522
tlncluding
1944
Monday, April 24,
will be
equipment
for
replacements and
hopes that
permission
forthcoming to produce some this year, he said.—V. 159, p. 1555.
Kable Bros. Co.—Increases Common Dividend—
A
quarterly dividend of 15 cents per. share has been declared on the
common
stock,
par
$10, payable April 28 to holders of record April 28.
with 10 cents per share paid on Jan. 28, last.
In 1942,
following distributions were made on the same issue: Jan, 30 and
This compares
the
April 30, 5 cents each; and July 28 and
p. 291.
Oct. 25, 10 cents each.—V. 158,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
159
Jamaica Public Service, Ltd. (& Subs.)—Earnings—
Period Ended Feb.—
1944—Month—1943
1944—12 Mos.—1943
$125,566
$1,443,729
69,944
967,204
res.
8,333
100,000
91,667
accrs.__
income
$
transportation
$33,520
$26,251
$376,526
$372,133
2,468
500
2,840
11,513
income_____i—
$31,052
$25,,743
$373,685
$360,621
8,160
8,650
102,253
103,933
$22,892
$17,093
$271,432
$256,688
95,372
92,291
U.
S.
Treasury
91,800
U.
S.
certificates
deductions
Maintenance
dividend requirements
dividends
Common
-V.
159,
91,800
1555.
p.
physical
in
for
adjust, of invests,
income
of
revenues
•
995,824
6,192,110
1,029,928
income
income
887,269
"Common
income,
84,956
2,781,000
1,972,026
$4,648,259
$4,529,929
$4,959,622
Dr21,503
Dr43,080
456
$4,626,755
$4,486,849
$4,960,078
1,425,000
1,425,000
1,425,000
216,609
incorne-
216,609
Crll4,130
216,609
Crll4,13o
net_
Long-term
Audited
Interest
___
__
___
long-term debt
on
of debt disct., expense and
redemp. of prem on refund, issues
General
interest,
Miscellaneous
Crll4,130
outsld'g bds.
net
7,819
15,040
9,922
98,490
75,775
65,914
_
deductions
Miscellaneous
Net
.
income
Preferred
$2,992,967
___
dividends
$3,456,763
240,000
$5.01
matured
Unmatured
interest
rents
Accrued
Other
tax
current
Deferred
$
Investments
_
U. S.
1,321,993
corporation
preference
552,662
2,922,268
will
60,473
2,856,000
1,612,342
1,737,419
164,568
Treasury notes, tax series C
Materials and supplies
Prepayments
;
194,933
_
to
Total
____
102,023,727
_
100,067,681
Liabilities—
tCommon
stock
4,015,000
stock
r^__,
Accrued
'"300,000
dividends
June
on
595?
of
of
treasury
the
stock
common
and
cash
sole
as
proceeds
retirement.—V.
of
capitalization.
directors
authorized
455.775
596.673
587,029
taxes
date
amount,
Federal income and excess profits taxes
Accrued
3,348,035
Customers'
Preferred
1944
payable
131,637
2,974,078
22,785,637
20,995,606
3,894,690
Reserves
,
______
,
3,322,389
Earned surplus
Income
Total
102,023.727
—
The
during
Value.—V.
January,
100,067,681
159, p, 936.
Gas
Kansas
Period End,
/
tEarnings
$220,854
$996,320
$0.35
$0.29
$1,31
share___
per
Net operating revenue—
Railway tax accruals
Joint
rents,
facility rents,
Other
Net
February
Jesse Jones,
Defense
increase
in
000,000.
income
income
$7, 962.781
174,795
134,651
3,471,751
1,816,278
3, 175.782
1, 064,143
56,668
53,726
600,251
564,119
Net
66,667
70,667
820,000
762,333
Dividends'
Amort., of
limited-term
Inc.
cper.
125
Cr2,015
1,500
1,500
$192,967
$176,702
$2,316,006
$2,394,904
1,345
revenues..
income
541
12,521
7,076
Gross
(net)
$194,312'
income
$177,243
$2,328,527
79,597
961,659
$2,401,980
909,207
$114,367
$97,646
preferred stocks_.____
$1,366,868
$1,492,683
520,784
520,784
Interest, etc., charges..
Operations
79,945
—V.
applicable
159, p.
to
1354.
City
Southern
Ry.—Annual
to provide
approximately
for
paid
1,402,000
ties, or 36%
cross
estimate .that
We
in
1944
of the total number of ties on
Calendar
will
Arkansas
City
Ry.
We
Southern
which
we
have replaced 48
will
expect to
and
give
lay 165 miles of
miles
150
Louisiana
the
on
rail
new
on
the
Arkansas
&
total
us
Funds
in
the
interests-
3,029
at
2,671
2,072
1.792,320
1,805,056
1,253,932
1,253,932
$1.39
$0.93
$0.94
debt
of
the
its
and
company
subsidiaries,
the
in
reduced $2,480,206 during the year, and stood
was
the
end.
year
of
includes
This
$1,308,000.
The
conditional
decrease
sale
due
was
to
serial
on
agree¬
retire¬
notes
and
account
of
sale agreements; also purchase by Lehigh Coal and Navi¬
gation Co, of $1,107,000 of consolidated sinking fund mortgage bonds,
and, by Lehigh and New England RR. of $422,000 of its first mort¬
gage bonds and $123,000 of its general
mortgage bonds.
sufficient tax
up
ties.
Our
entire
past
three
years
\ye have
feel
confident
bonds
and
program
will
we
of our financing
lor the
debt
bonded
be in
of
that
position
if
to meet all tax liabili¬
reserves
$64,000,000
matures
approximately
purchased
in
In
the
of
1950.
$10,000,000
our
the
management can continue its
to. arrange for the successful solution
problem when these bonds mature.
This is the reason
company's conservative dividend policy in the past several
1943
Railway
operating
revenues
Railway
operating
expenses
Net
from
revenue
Federal
taxes
on
Other
Federal
Other
Coal
production
Co.,
Inc.
ry.
1942
operations $17,164,963 $13,024,995
taxes
6,990,000
—
829,805
$7,059,110
4,153,000
525,000
844,600
485,000
887,567
801,442
1,193,965
taxes________
*
Lehigh
and
Sales
Total, rent
Total
•.Net
income
operating
Railway
income--*
Total
Total
income
miscellaneous
fixed
:
deductions—
$4,989,139
$4,729,810
$4,083,546
771,308
operating
Total other income—
Total
$5,247,668
Cr214,646
Crl77,931
3,416,735 Dr2,624,664 Drl,342.053
payable
railway
$7,139,828
Cr254,682
income
rents
$8,151,193
718,384
686,046
$5,760,446
43,618
$5,448,194
$4,769,593
27,676
44,830
-
2,868,296
2,878,733
2,878,640
$2,848,533
charges.
income
$2,541,785
$1,846,122
Dividend
Income
appropriations of income.
420,000
420,000
$2,428,533
$2,121,785
$1,426,122
operating expenses include provisions for depreciatibii of
balance
Note—The
420,000
!
2,469
receivable-,
6,679,653
3,070,211
3,988.251
3,419,634
agents and conductors
supplies
and
360
10,071,030
3,662,798
from
dividends
receivable
113,423
20,261
29,016
27,684
Other
current
89,325
45,490.
Deferred
assets—
assets
1,518,420
1,965,791
2,975,988
Total
3,918,478
251,352,245 238,578,992
—
Liabilities,)
Common
stock
Preferred
Grants
Prem.
&
Traffic
aid
;
of
car-service
and
matured
interest
Unmatured
rents
Other
tax
4,573,054
Corporate
1,124,325
610,779
671,518
accrued-,
626,182
636,757
494,240
500,348
10,962,278
10,088,874
,
accrued
!
:_
liabilities
596,432
liabilities
Unadjusted
5,527,261
1,071,085
—
3,232,220
8,719,344
payable
payable
payable
liability-.
current
Deferred
-
95,526,419
unpaid
Unmatured
2,978
183,706
,
99,379,466
balances
wages
accounts
22,300
'•
___—
-
accounts
Accrued
•
capital stock___L_
on
debt
Miscellaneous
Interest
7,800
.
construction-*,...
assessments
and
Audited
60,501,700
60,501,700
stock
in
Long-term
731,969
4,555,183
29,819,377
24,289,525
surplus
12,171,115
34,720,732
credits
Total
4,092,675
3,057,854
5,254,944
4,062,857
4,851,224
3,822,654
$835,412
$422,780
—V.
Lehigh
by its lessees including
Coal
Co., Inc.
and its
Navigation
(tons)
lessess
:
-
18,082,569
251,352,245 238,578,992
.
159, p. 1556,
by Lehigh Navigation Coal Co., Inc.
coal produced by others (tons)——.—.
Net income
after all
,
Consolidated
S.
hand
on
Balance
and
Government obligations
$2,320,350),
of
reserve
inch
of Lehigh Navigation Coal Co., Inc.
charges
Assets—Cash
U.
Libbey-Owens-Ford Glass Co.—-Earnings—Dividend-
;
_
Sales
$2,315,000;
$581,940
sundry, debtors,
Dec.
deposits
accounts, doubtful
$186,024;
31,
depreciation
1937
of
of
coal
$15,542,746
$456,974),
cash,
(on
and
$15,999,721;
$1,190;
other
ha^d
of
collection,
and
in
reserve
deferred
assets,
for
$5,413,654;
$2,509,214;
transit),
at
depletion, since
$1,506,072;
cost,
1,
sinking
Dec.
accounts,
$429,173;
total,
ests,
$50
accounts,
$664,090;
$77,162,419.
$36,974; capital stock
liabilities,
f 1,929,100
minority
$154,270;
shares
no
par
and
The
9
shares,
$32,152,117^ capital surplus,
$1,023,568; appropriated sur¬
(sinking fund reserves), $101,744;
funded debt retired through
income and surplus, $758,303;. earned surplus, $8,134,274;
total, $77,162,419.—V. 159, p. 1448.
Federal
taxes
Net
Federal
on
John
tax
1943
$1,977,679
4,332,630
$1,160,879
dividends
$1,718,879
226,964
226,964
paid
Common
for
shares
Earnings per
"After
common
$933,915
outstanding
charges!—V.
•
159,
726.284
;
share___
common
p.
$1,491,915
.
726,284
'
$1.29
110.
I
$2.05
no
a
$0.14
value,
par
dividend of 25 cents per share
payable June 10 to holders of
distribution
10,
made
was
last.
March 10,
on
follows: March 15, June 15 and Sept, 10,
as
75 cents.
President,
at
the
annual
meeting
of
shareholders
basis, and
months of 1944:
continued at a high rate during
the first quarter of this year, Mr. Biggers said, with manufacture of
aircraft enclosures at peak levels and a continuing heavy demand
from the armed forces for the various technicaf glasses developed by
the
divisions,
of
the
glass fill vital
and
limited
for
year,
satisfactory
a
and
company
needs,
it
was
precision, aircraft
stated.
automotive
Mr.
safety
Bigger
glass
for
replacement
Navy Price Adjustment Board,
acting
Contracts Price Adjustment Board, has
the
to
company's
that
Mr.
1941
contracts
and
sub-contracts
the
on
surpasses
behalf
completed
for
1943,
of
any
the
examination
after
deter¬
no
excessive profits were realized, and has discharged
of any liability under the Renegotiation Act, with respect
company
such
and bullet-
said.
The
War
profitable
shipments of window glass and polished plate glass
by the shortage of available manpower, and the
only
demand
previous
on
category, optical,
In this
company.
Production
are
are
the report for the first three
production
resisting
contracts.
Biggers
excess
This claim
also
"reported
profits taxes
amount
of
arose
from
that
has
$1,962,930.,
carry-back of unused
provision
a
the'
been
which
company's
finally
claim
approved
in
for refund of*
the net prin¬
will be credited to earned surplus.
of the 1942 Revenue Act permitting
1941, he explained.
anproved by the shareholders
designed' to extend benefits com¬
parable to those ,of the Social Security Act tq that portion of%h^
wages of salaried employees" which is' not covered by the Act itself.—V. 159, p. 1556.
;
An
Balance
declared
12
and Dec.
included in
War
cipal
profit
stock,
Biggers,
Laboratories
$6,051,509
816,800
______
D.
$357,347
pointed out that operations of the Plaskon, Liberty Mirror and Peacock
the
1944
income
rene¬
$0.95
April
on
capital
mining
Lehigh Portland Cement Co.— -Earnings—
before
taxes,
for possible
$2,412,471
cents each;
25
of
12 Mos. Ended Mar. 31-—
for
share_____
per
directors
the
on
1943
1944
Federal
provision
allowance
any
record May 26.
,A similar
Payments during 1943 were
inter¬
par),
"Profit
after
before
Earnings
are
and
other
income
but
gotiation
banks,
payrolls, $1,947,295; sundry credi¬
tors, $428,843; accrued taxes, $1,697,453; matured and accrued interest,
$510,217; dividends unclaimed, $118,811; compensation claims deter¬
mined, due in 1944, $58,431; funded debt and«mortgages payable in
1944, $483,355; retroactive pay roll accrued, $275,309; funded debt,
$28,194,000: mortgages payable, $1,460;
deferred liabilities, $421,901;
reserve
3 Months Ended March 31—
Net
1943
in
indicated by market quotations,
notes and accounts receivable, less
customers'
for
Sheet,
demand
Tax Refund—Retirement Plan Approved—
(amount
$299,480; materials and supplies, valuedv.bn the basis of cost, $836,949;
investments
in securities,
$3,894,903;^fixed assets (less reserve for
Preferred
Net
2,395,494
1942
plus
.
and
777,840
5,500,000
4,362,275
receivable-
Navigation
(tons)_____
Liabilities—Audited vouchers
1941
accounts
receiv,
490,461
10,000,000
-
Coal & Navigation Co.
funds,
$43,219,033 $34,316,348 $19,163,035
26,054,070
21,291,353
12,103,925
income______
by
Commercial production from all lands of Lehigh
years.
Comparative Income Account, Years Ended Dec. 31
r.
Production
1943
made
There have been set
-
$
8,123,869
557,002
2,689,964
1,736,214
amount
fine
a
1942
205,000,181 201,716,187
balance
Material
2,364,132
/of bonds through sinking funds, retirement of
equipment
trust
obligations,
and
payments
made
for this
ments have been
1943
1941
527,422
ment
1944,
rail condition between Kansas City and New
work were accrued last year.
Other improve¬
throughout the territory.
Louisiana & Arkansas
Ry. has had approximately-the same ratio of improvements.
Orleans.
$3,256,470
31
Unadjusted debits
1942
2,322,413
;_
funded
$28,404,000
ments
Kansas
in
Net
Years
3,823,440
1
share
per
The
the system.
will
replace an additional 500,000, then
%,
A million yards of ballast have been laid.
Similar improvements have been made on subsidiary, the Louisiana &
we
$6,373,607
Dec.
9,966,649
Interest
1,130,445
minority
•
hands of the public,
at
tax.
inc.
income
Commercial
The property is in the best physical condition in the history of the
In the past three years we have laid 146 miles of new heavy
rail and 20 miles of relay rail.
During this time we have replaced
935,476
$
Miscellaneous
$5,-
title remaining in
Report—Charles
company.
Sheet,
■
Cash in transit from agents
Temporary cash investments
Special' deposits
Loans and bills receivable
(& Subs.)—Earnings—
for
taxes..
Coal
Kansas
P. Couch, Chairman, states in part:
Balance
Cash
Md„
conditional
income
Net
Dividends
1,034,544
'
Assets—
$32,400,006 $31,760,112 $26,410,563
for Fed.
prov.
income
Adjustment
>j
Net
Other
before
Federal
Earns,
1
investments
of
Gross income
$9,025,786
273,785
apprcp.
$13,117,576 $10,093,506
$6,633,008
$0.89.
approximately
of
1943
$707,516
res.
commitment
Lehigh Coal & Navigation Co.
316,910
taxes
167,298
$13,477,689
Rents
$803,132
ret.
Koppers Co., Baltimore,
over-all
an
will operate these facilities,
Corporation.—V. 159, p. 1448,
Plant
expenses
Prep,
with
contract
resulting in
Koppers Co.
revenues
Other
its
additional equipment at a plant in Baltimore at a cost of
Operating
taxes
2,736,162
$14,369,252 $14,152,119 $11,028,983
7,736,243
7,778,513
7,772,513
General
Secretary of Commerce, on April 13 announced that the
Corporation, an RFC subsidiary, has authorized an
Plant
Operating
Federal
38,663,395
32,240
891,563
$677,785
Koppers Co., Baltimore, Md.'—To Increase Facilities—
,
1944—12 Mos.- -1943
50,201,772
4,566,192
Investments
Co.—Earnings-
1944—Month—1943
1941
$78,171,307 $56,750,722
34,376
income
from
31
4,678,330
net
income
Total
Dec.
1942
$29,863,575 $27,969,535 $18,087,328
11,673,180
10,253,527
5,090,361
net
Net railway operating income
"After all charges, including Federal income and excess profits taxes.
tOn 757,632 shares of capital stock outstanding.—V. 159, p. 352.
' <
Summary
Electric
&
Ended
61,161,300
1944—9 Mos.—1943
$269,600
1944.
tRepresented by 40,000 shares $6
JRepresented by 525,000 shares no par
stock.
preferred
Years
$91,024,875
company
$2,000,000 of instalment notes
159, p.- 1252.
1944—3 Mos.—1943
profit
Defense
"Retired
cumulative
Statement,
expenses
the
Period End. Mar. 31—
$185,000,
•
1,
revenues
convertible
"Net
118,575
2,883,025
_
1, 1943, or 12 months prior to
plan. On May 1, 1944, deferred interest
1945, on the same bonds, amounting
paid.
Of
the
$5,843,717
interest
originally
May
Operating
Deductions
60.000
60,000
liabilities
current
credits
paid May
in the
and
Keystone Steel & Wire Co.—Earnings—
456,547
,
the
One
plan is that 75%
of the net income
effect to the plan,
shall be set aside in
Operating
leaving
15,
504.988
506,974
stock dividend
Deferred
89,924
505,888
.*!_
deposits
Miscellaneous
2,857,769
85,079
interest
$5,843,717
preserve
property.
the
was
provided
1,
-
State income taxes
to
and
the
in
1943
.
redemption of all shares of 795? cumu¬
preferred .*stock on June 15 at $110, plus accrued
dividends to
date
of
redemption, making total payment to holders
o'f preferred of $111.46 per share.—V. 158, p. 2253.
650,000
551,086
general
shares
37,204
Keith-Albee-Orpheum Corp.—Calls 7% Preferred—
The
38,000,000
payable
same^
Nov.
Equipment
24,380,000
38,000,000
Long-term debt _____________—______________
Notes payable to banks
Accounts
accrued
bondholders
Inc.—To Redeem Stock
outstanding
4,015,000
.24,380,000
___—+
shares
use
effect
lative
tFirst preferred
and
105
its
amounted
receivership
avoid
and
$16,917 for the final payment of deferred interest.
1448.
1,874,372
_
Accounts and notes receivable..
at
redeem
1,550,000
1,845 997
_______
5,922,129
3,738,957
60,000
,
stock
will
of
years
$2,337,487, will be
deferred, $4,674,974 will be paid off as of May 1, 1944, leaving a
balance of $1,168,743 due in 1945,
After using $1,565,437 for
addi¬
tions and betterments to property of the
company there will remain
in
the capital
fund $509,846
for
future improvements
and in the
sinking fund, after the payment of the deferred interest May 1, 1944,
14,908,425
p.
of
to
164,834,768
159,
the
due
Condensed
The
5,434,649
_____
;
_i_„
Special deposits
shares.—V,
par
Kaufmann Department Stores,
$
84,484.093
1,132,5051
__
„
Deferred charges
Cash
no
to
stockholders
requirements
1942
85,178,710
____.
510,000
five
1, 1940, inclusive, on
bonds and the postpone¬
bondholders,
mortgage
company
its
for
201,336
16,586,576
the
the
of
the
524 468
178,657,189
.
"Represented by
Sheet, Dec. 31
Assets—
_
surplus
Total
enabled
due
8,849,196
751,336
;
for
Nov.
balance outstanding on April 1, 1943, of $1,805,260.
The deferred
due Nov. 1, 1943, on general consolidated mortgage bonds,
amounting to $1,168,743, was paid on May 1, 1942, or 18 months before
it was due under the
plan.
The deferred interest, due May 1 1944,
1,358,158
539,343
surplus
deferment
to
mortgage
interest,
5,909
11,378,454
credits
the
1938,
1,
the
4,760,316
2,665,844
-
Nov.
As of Dec, 31, 1943, the total outstanding system debt
to
$137,863,000.
August 25, 1938, the date of the plan and agreement, the
Reconstruction Finance Corporation loan cf $1,889,000 and the bank
loans, which amounted to $8,375,000, have been paid in full, including
475,696
14,474
liabilities
Unadjusted
Earned
474,967
9,829,534
liabilities
companies,
due
consolidated
Since
43,079
;
./
of
including
amounted
378,975
accrued
accrued..
liability
1941,
tax, increased $460,000.
$120,000,000.
1,524,885
541,570
unpaid
of
State
provide for additions and betterments to
company's property, payment of loans and the deferred interest
and, after these obligations have been met, to the purchase and retire¬
ment
of outstanding funded
debt of the company.
This plan must
be
complied with so long
as
the
total system
debt
shall
exceed
3,126,734
54,230
1,883,142
Act
the
taxes
the
69,933,360
1,784,332
—
$5.94
1943
Utility plant
payable—
unpaid
Taxing
to
year.
income
year,
after giving
capital and sinking funds to
77,740
4,920,667
___
accounts
matured
Dividends
3,150,000
$5.24
Balance
661,658
2,557,091
(C/")
payable
wages
240,000
2,625,000
share__
per
$2,868,554
240,000
2,625,000
dividends
Earnings
and
Railroad
franchise
each
69,500,061
balances
car-service
Appropriated
Common
of
21,000,000
35,959,900
par)_____
debt
Unmatured
Amort,
Amort, of net prem. on
($100
accounts
Interest
income
Gross
148.128
164,834,768
stock
83,500
3,229,500
taxes
investment
Liabilities—
stock
the
in
payment of bank and Reconstruction Finance Corporation
deferred interest which,
in effect, was borrowed from
and
866,344
.
:
interest
general
consolidated
2,034,976
1,039,605
645,057
1,301,721
'
debits
Act
increase of $567,000
of 1942,
Taxes paid
The
2,162,347
21,000,000
35,959,900
assets
Preferred
of
general
180,683
;
an
new
on
subsidiary
the
3,253,884
assets
1,738,539
of
3,577,255
Total
839,378
"
74,815
profits
excess
operating
784,641
178,657,189
Deferred
Traffic and
Net
Other
2,252,748
754,440
receivable
of
loans.
2,858,619
supplies
current
Unadjusted
2,208.876
taxes__
&
and
bonds
ment
3,015,000
5,839,973
2,192,948
2,178.598
2,101,626 ; 1 1,680,266
.
State, local & miscell. Federal taxes
Fed.
961,184
7,178,647
____
__
Other
1941
776,792
Maintenance
State
1942
$21,232,515 $19,293,857 $18,639,195
,
______
Other operation
Material
of
15%
—
:
based
$72,336,000
3,000,000
592,000
agents & conductors..
Revenue
property and
4,106,290
8,388,740
1,690,000
Interest and dividends receivable
1943
.purchased for resale
cos,___
Jersey,
the
the
to
Payroll
increased
$382,000 and other
taxes
increased $10,000.
Progress has been made under the company's debt adjustment plan
and agreement of August 25, 1938.
The plan provided for the exten¬
sion, for a period of ten years, of the maturity date of $33,500,000
948,328
indebtedness
from
Miscellaneous' accounts
Report-
Account
Calendar Years—
Depreciation
affil.
in
New
principally
taxes
17,143,189
series
tax
by
both
1,356,910
1,265,935
Crl,342,878 Crl,307,370
.__■
notes,
Special deposits
Kansas City Power & Light Co.—Annual
Gas
1,761,424
17,648,064
companies..
Cash
Net balance receiv.
Operating
property.
affiliated
investments
$9.65
of
due
was
fixed
as
127,494,275 126,267,033
3,167,843
2,336,235
1,866,546
1,494,546
funds
Investments
Other
Reserve
income
Net
Preference
property
Deposits in lieu of mortgaged property sold
Miscellaneous
Gross
$
Assets—
in
This
1942
tax accruals amounted to $11,673,179, equivalent to
stock, an increase of $1,419,652 over the previous
share
per
1943
Other income, net Dr—
Income
Lehigh Valley RR.—Annual Report—
Railway
Comparative General Balance Sheet, Dec. 31
Investment
Operating
and provision for amortization
and $230,073 for the year 1942.
1943
883,418
Deductions
Retirement
1943 and $520,469 in 1942,
of defense projects of $310,177 in
$1,347,218
8,333
revenues
$104,529
83,713
Operating
$829,235 in
1659
at
the
employees'
annual
excess
retirement
meeting.
•
profits credits to
plan
The plan
was
is
v
,
Life Savers Corp.
.
Calendar Years—
Net
of
$9,203,862
—_
sales
and
expenses
$6,535,266
.
4,033,535
5,243,542
■
—
Share Co.
1942
1943
sales
Cost
subsidiary of Electric Power & Light Corp.
Company is engaged, as a public
transmission, purchases and distribution of
distribution of natural gas; production and
/
.
income
Provision
A
for
def 2,079
taxes
2,760,574
1,555.731
$1,197,667
:
the
'•
,
'•
Dec.
profit
Cash
dividends
Earnings
790,746
.
_
_____
Share!—.
per
Renegotiations
which
—
_
14.8%
service,
of
in
resulted
contracts .for
war
1942
concluded
was
1943
in
considered
sufficient to provide for price renegotiation on Government contracts
handled during the year.
■ .
> ',
'
Consolidated Balance Sheet, Dec. 81,
1943
.
1943.
.
from
Funded Debt and
of
taxes, ,'$376,367;
profits
excess
property, plant and equipment (less
$33,908;
of
accrued
and
$43,100; post¬
receivable,
mortgage
for depreciation
etc., $1; deferred
/
Lit Brothers, Philadelphia
A;.>
The
company
holders
Feb.
of
last.
1,
and
■each.-'
'Y'A'V!
;■
■'!
,
-
share
per
distribution
on
$100,
made on
cumuL preferred stock,
similar
A
par
was
dividends were paid on this
and July 12 and Sept. 30, $2
1943, the following
April 15, $1.50 each,
In
1
Feb.
issue:
5.
$1.50
of
*
-
dated
r
j
been elected
director.—V. 159, p. 55'1.
a
the
At
,
'«
declared
directors have
The
dividend of 10 cents per share
extra
an
dividend of 15 cents per share on the com¬
mon stock, par $25, both payable May 1 to holders of record April 22.
An extra of like amount was paid' on Feb 1, last, and on Feb. 1, July
31 and NOV. 1, 1943 —V. 159, p. 449.
the
quarterly
usual
(& Subs.)—Annual Report—
Consolidated
Comparative
Calendar Years—
Sales
Mfg.
'
and
and
ship,
and
Selling
(excl.
costs
depletion)
admin.
3,055,404
3,003,169
2,830,727
expense.;
16,553,518
19,058,837
18,225,174
second preferred
_____
$100
Electric
Total
for
for
Prov.
taxes
768,711
is the sole
but
stock.
ful
''.A_!__A
_
Federal
Other
and
income
408,118
439,728
*251,976
^289,297
1,610,000
*286,932
1,500,000
surtax
1,505,000
1,530,000
f4.284.000
foreign)
179,093
208,048
1,915.000
184,001
exchange adjust,
for
losses ____A-A——_
42,092
32,693
12,835
$2,723,916
$3,443,339
3,082,940
$3,63
$4,104,535
3,794,388
$4.33
profits
excess
inc,
taxes
tax—
(dorm
&
.
realized
owner
1
profit
Dividends
for
year.—
paid
Earnings
per
"•After
__
2,845,791
!!_/.$2.87
——-
share
common
reduction
for
years'
prior
provision
for
reserves
longer
no
tAfter. post-war credit of $170,000 in 1943 and $476,000 in 1942.
needed.
Consolidated
Comparative
Sheet,
Balance
Dec.
&
Stuart
1942
^.^A3,635,672
(trade)1,745,041
A^i...^.A~A;.
6,897,409
3,637,538
U.
Treasury obligations!—
accounts receivable,
S.
"•Notes'and
Inventories
...
Miscellaneous
deposit in banks
__!!
investments
Excess
profits tax post-war credit
assets- .A
(-A
—__A_'
•tFixed
aside
Deferred
for
insurancfLAA---!--,-
&
Accrued
and
Hatcier
&
Reserves
for
Insurance
780,373
485.310
879,462
32,246,537
32,246,537
stock
Surplus
reserves
of
subsidiary
America
set
aside
South
437,273
11,546,210
Total
11,603,930
$48,831,347 .'$48,671,812 ■'
against
reserves
and
$129,046
and
other
Ferris,
200,000
&
goner
Arnhold
Atwill
&'
The First Cleveland Corp.
Kidder &
Newburger
.'AA---AA"
150,000.
E.
&
Masten
Co
Mericka
J.
Inc.
&
in
slow
+Less
1942.
and
doubtful
reserves
for
items of $93,582 in 1943
depreciation and depletion
consolidation adjustment ac¬
count of $71,397 in 1943 and $71,010 in 1942) of $46,271,872 in 1943
and $44,674,699 in 1942.—V. 159, p. 843.
- ,
property
(including
reserves
Power
&
Light
Co.
~
Bonds Offered—An
underwriting syndicate headed by Halsey, Stuart & Co.,
Inc., on April 20 offered $17,000,000 first mortgage
bonds, 3% series due-1974, at 103 and accrued iriterest.
bonds
awarded
were
on
a
of
bid
101.9099;
Other bids
.
C.
Langley & Co. and associates,
103.25 for 3!/8s; and Blyth & Co.,
Inc., and associates, 103.6975 for 3VaS.
Bonds
1,
in
dated
are
New
corporate
April "1, 1944; interest
City at principal office
York
trustee.
continuing
to
The
is
1954
$17,000,000 principal
of
the
150,000
Shropshire &
of
April
Chase
1,
and Ott.
National
Bank,
annual
sinking fund, commencing in 1945 and
designed to retire 10% ot the initial issue of
amount.
Bonds will be redeemable at the option
Shober
——
at
Bonds
the
must
snd
will
corporate
be
redeemable
trustee
requirements
be
applied
interest
if
to
upon
like notice
with cash
•
116,387
136,404
188,316
and structures,.
12,443
Transportation
519,664
510.279
Cr2,158
investment____
for
15,350
20,220
543,590
operations
expenses
'
!
100,000
Co—
Stokes
&
•V
.
A t 1-
.
100,000
F. S. Yantis & Co., Inc.-
$5,639,559
2,309,318
$4,444,957:
__A_'__—AAv $2,657,739
311,331
A-_-
$3,330,241
$3,200,121
$2,346,408
$3,039,819
669,987
634,771
$5,171,787
Net
operating revenue,—
Railway tax accruals
^
2,514,048
1,244,836
100,000
Operating
Net
rents
income
{Dr)
100,000
Net
Other
150,000
income_______
operating'
ry.
income
497,640
290,423
|'
100.000
Inc.
1
< 1
,
,
I
$2,702,482
451,547]
'
Summary of Earnings
Total
1941
1942
1943
Other
$12,332,236 $10,421,757
revenues
,1
5,096,887
5,041,032
411,811
388,551
327.633
1,234,580
1,104,999
903,619
Net
and
A
869,715
821,993
1,529,549
888,005
$2,099,287
$2,121,323
,1,435
25,659
12,991
$2,100,723
income
for
Provision
$2,146,982
$2,155,708
875,000
875,011
875,070
48,002
48,002
48,0.02
excess
$1,774,441
3,587
217,920
81,720
81,720
783,261^
$902,671
$1,689,134
$1,164,773
operating revenues——_
___
(net)————
Other income
—
funds
Dividend
Bal.
—
appropriations
transfer,
to
_________
profit*and
Condensed
778,781
loss
Amort,
Y-
'•
mortgage bonds_
debt discount & expense
on
of
Aand deductions___i„
interevSt
Interest
256,958
to -construction-!!
Cr40,702
Crll, 928
Crl,166
—A-------
$923,752
j $1,198,891
$1,198,750
amortization
Miscellaneous
General
Balance
Sheet,
Dec.
charged
income
—
interest
The
.
35~053
3 L00 6
37,712
for the first year on the
$510,000.—V. 159, p. 1556.
charge
series bonds will be
$17,000,000 of 1974
1942:
$57,808,554
declared
have
deposited with
the replacement fund or the current sinking
with such proceeds of the release of propertv as
retire bonds at special redemption prices of 103J/a
redeemed
during 12 months period ending March 31,
1945. redemption rate being reduced annually to 100% in 1973 and 100
thereafter.
Company—The company was ineorp. in Florida June 25, 1927.
It is
in
$57t366,191
2,222,854
940,235
Special
Loans
accounts
Materials
Other
ilbs.)_
production
pound
net
*Avge.
cost
Inc.
per
from
Other
—
mining opers.
1943
1944
8,624,294
;
"t
1941
1942
9,345,613
10,218,346
10.4077c
8.7564c
7.0940c
$237,376
$283,211
$308,446
$373,756
2,071
3,496
20,198
$239,447
$286,707
$328,644
(includ¬
income
ing railroad)
—_—
and
Deferred
.
13,437
net
Federal
and
tax
Fed.
income.*—
stock
excess
tax
normal
Net
78,300
profits tax_
income
j
share
$181,747
$0.45
$208,407
$0.51.
$266,594
$0.65 '
960,842
————A $66,302,931 $63,355,290
120,000
stock,
30,000
.!
shares..
$12,000,000
service
car
and
accounts
3,000,000
908,000
29,397,089
26,656j500
3,000,000
balance
wages
accounts
Interest
;
315,899
239,508
1,883,280
1,052,126
payable—___
payable!—
payable____——
unpaid.
unpaid—
matured
Unmatured
interest
Unmatured
rents
Accrued
Other
tax
accrued—
liabilities
33,949
AA
41,090
2,009.944
87,747
84.916
1,800,854
4,055,257
7,366,506
6,983,261
•
43,340
A-.
surplus
p,
4,516,163
4,963,670
_'
.
1,665,887
1,532,227
$66,302,931
$63,355,290
______
l_i
159,
107,275
107,007
—
surplus
surplus
149.443
2,438,460
accrued
credits
Appropriated
—V.
54,480
150.165
__
liabilities
Deferred
19.580
31,096
liability
current
$12,000,000'
963,500
shares
Dividends ' matured
Total
'
1449.
$387,193
Mercantile
$0.95,
cost' of producing copper is after deducting^gold and
silver and zinc concentrate values, and includes all operating costs.
Arizona
taxes,
Federal social security taxes, depreciation
and ad¬
ministrative expenses; but does not include any allowance for mine
*The
101,832
1,593,890
————_
preference stock, 9,080 shares—
Funded debt unmatured
_A—
and
8,412
56,367
Prior
54,600)
7,450|
1,609,921,
54,655
57,235
"
stock,
Preferred
Earned
57,700
1,368,232
i_.
—
!
——
inc.
surtax-
Earn, per com.
$$387,193
964,928
106,084
Liabilities—
Unadjusted
and
:
—
450
844,588
receivable
debits
Total
Common
Traffic
''
239,150
assets
Unearned
Total
Capital
supplies.!,
assets—
160,578
______
205,852
from agents and conductors
receivable
dividends
and
current
197,345
750,750
871,743
—_
receivable.—______
bills
Miscellaneous
Magma Copper Co.—Earnings-
—A—
Net balance receiv.
Miscell.
167,532
1,000,000
investments-
deposits
Audited
3 Mos, End. Mar. 31—
cash
and
___—!■
agents remittances—-
transit,
Temporary
Dividend—
a
__A
____.„A__—
Cash
Unadjusted
dividend of 75 cents per share on
the common stock. par $10, payable April 27 to holders of record April
24.
A similar distribution was made on Jan. 25, last.
Payments in
1943 were as follows: Jan", 20 and April '15, -50 cents each; June 29,
75 cents, and Sept. 27, $1.75.^—V. 159, p. 352,
directors
-The
31
1943
investments
Total
Interest
Net
2,589'
—
$2,142,717"
Cash
income__—
Gross
$1,249,082
applied to sinking and other-
reserve
'
taxes '-A-l-A—A—A.
profits
1,900,148
3,896
income
$3,674,589
1,891,908
$1,124,487
from
income
Income
'
Net
$3,154,029!
1,904,946 i
$3,016,396
income
deductions
$9,977,044
6,187,293
deductions,:
expenses—operation __
Operating expenses—maintenance
Property-retir. reserve approp—_
Taxes
(other
than income and
;excess profits
revenue
Operating
for
or
equipment
Bium, .Inc._-
100,000
31—
12 Months Ended Dec.
company
deemed
fund
way
of
Miscellaneous
150,000
& Arnold
of
General
A-A^A—w—A-
Co.,
&
.
146,064
146,830
$18,844,730 $17,405,965 $14,726,458.
1,993,948
3,238,118
2,219,711
2,602,085
3,269,834
3,110,802
;
144,550
150,286
154,602
5,017.448
5,745,722
6,454,355
revenues^—
Maint.
100,000
150,000
—
Huggins
Woolfolk,
operating
100,000
Weil
&
Agee
Total
100,000
Watkins, Morrow & Co.
& Co., Inc
The White-Phillips Co.,
150)000
Co—_
&
184.192
facility opeY revenue_„
Co.—
Lowber
Edw,
150,000
Sterne,
$18,513,708 $17,123,497 $14,421,755
revenue
joint
Transportation
Copeland &
Kendall,. Inc. _a__—,
&
___—
revenue____
100,000
Patterson,
Richards
Total
Maint.
.
100,000
&
.__A_
.
Copper produced
payable
in whole or in part, at any time on at least 30 days'
the following redemption prices:
106 and interest if re¬
during 12 months period ending March 31. 1945 and at a re¬
duced rate annually thereafter until 1973 when reduced rate is
100%,
and ICO and interest thereafter'..
.notice
100,000
Smith
Rice
AA—
100,000
Inc
Norris & Hirshberg, Inc..
F.
transportation
Incidental
100,000
received
included: Shields &-Co.-White, Weld & Co. and associates, 1Q3 for 3Vas;
Lehman Bros.-Kuhn,
Loeb & Co., and associates, 102.487 for 3Ves;
W.
Co.,
,
Lowell Bleachery, Inc.—75-Cent Common
Louisiana
The
Total
McKnight,
Daniel
$13,716,747 $12,438,972
1,140,541
3,581.808
2,452,415
145,980
305,115 A 235,594
696,261
724,047
718,741
$13,902,736
——
100,000
,
Nusloch, Baudean &
'
1941
1942
revenue-
'A—A—!
Passenger ,..AAA
Express.';. -1—_
Other '■ A—A_,—AFreight
Milhous. .Martin &
150,000
.
Inc.
Stokes
-
1943
Transportation
100,000
!_!
150,000
Peters, Writer & Chris-.
tensen.
$13,200,663 $12,739,696
1041.
100,000
100.000
100.000
&
Co._L_
&
5,172,546
Income Account for Calendar Years
100,000
Park-Shaughnessy & Co,
Hano__^_
&
Alfred D'Gara
1,345,480
4,030,269
5,281,895
Maine Central RR.—Annual Report—
100,000
100,000
150,000
Inc.
Newbcld's Son
1,498,334
surplus
100,000
Co._
150,000
H,
12 60V
4,213,976
i.
—,———.
Total
100,000
Inc
Co A
,150,000
150,000
Cc
800
27,747
unpaid—_-I—
liability.^
-V.-159.-P,
Lyons" & Co.__
Wm.
&r-: Cor--
Burns
661,367-
16,534
:
100,000
Mason-Hagan, Inc
Mason, Moran & Co:-!A.
150,000
Johnson, Lane, Space &
Co., Inc.
M.
L.
150,000
Whipple & Co._,
Elkins, Morris & Co.—A
Martin,
Labouisse
150,000
Co
&
dividends
tax
$1,500,000
811
16,534
!
.
preferred stock payable Jan. 3, 1944
Appropriated surplus
100,000
Co., Inc.
McDonald-Moore &
Wag
Inc.;
$1,500,000
661,367
——AA———_—-
Lamar, Kingston &
W.
Bleich-
S.
Hilsman
Kalman & Co.;
Loewi &
200,000
and
Co."
200,000
___
$13A200,663„ $12,739,596
'A.;!A—
accounts
Earned
Son
A'!'
&
Harper
200,000
Corp._,_
stock
on
1.670
'V/.
'
AA--*.AAA
stock
Accrued
Co.,
Marshall—W
&
P.
H.
J.
•
200,000
Co
j 84,648
—
Matured
.100,000
Carter H..Harrison & Co.
.
200,000
Co——
Neal
Wyat't,
Win.
200,000
Co
1,364,515
183,707
AaA.AA-
100,600
200,-000
Weil
&
Exnicios
12,601
7,125
1,300,073
receivable—,-^,—
—
assets
Liabilities—
100,000
100,000
•
duPont & Co,
23,603
520,0004
905,000
27,747
receivable
Deferred
100,000
Skaggs & Co
Heller, Bruce & Co—
Leedy, Wheeler & Co.__
"Mackubin, "Legg & Co:_
Other
*Less
Davis,
Francis I.
1942
$10,728,639 $10,722,559'
____
,
John Dane
81
1943
.
100,000
Curtiss,. House & Co:
250,000
•
road, etc.-
dividends
Interest: and
Dividend
'
!
'
100,000
&
:
Special deposits
Audited
&
33,068
Sheet, Dec.
Balance
General
Temporary cash investments
100,000
Slocumb
Condensed
Assets—
480,356
surplus
750,000
48,373
Co.!
&
Interest
companies
in
.—jA
33,068
637,500
;V
Investments in
the
791,897
(948.597 no par shares).—_____
reserves
Common
Earned
$1,259,540
$1,174,650
liabil.
deferred
10,352
$1,186,793
__A-Y—~~-_~A_A_—'
_
Comparative
Middlebrook_
200,000
64,516
and
10,956
$938,295
•
100,000
& Co.
$2,444,394'
303.992
200,908
742,349"
A—,
_______
Assets—'
Rents
CO—A
Monroe
891,531
A-—-——A—-A-L'
dividends
Common
Green, Ellis & Anderson
&
Common
202,288
__AAA_.
profits tax
Preferred dividends
Preferred
Foster
204,957
1,782,809
contingencies
303,432
expenses
Net income
Cummins,
&
$2,346,503
_A_A_-A
LA AAA-A.
.
with
together
250,000
Operating
S. ;
(U.
excess
Miscellaneous
100,000
200,000
200,000
W, Thomas
1,270
6,855.
accounts
tax
100,000
Richards & Co.—
Operating
:
AAA—AA--~^
Braun,
2.50,000
ford
791,897
:
income
Brooke, Tindall & Co.__
San-
Thomas
,
1.781
1
—_
and
securities
income
300.000
Co-
476,000
70,817
A
Federal, State and local taxes
foreign)
$2,406,828
34,515
securities—
unfunded
Federal
$125,000
250,000
&
26,849,621
A__AA-
1942
$2,339,646
—;
_______
—
surtax.
500,000
Brothers
609,360
2,879,769
'
1,652,942
payroll
for
Prov,
A—'--.-AA
&
Boettchcr
Rauscher, Pierce & Co.,
Liabilities—•
A:
from
value
stated
a
Baum, Bernheimer Co.A
750.000
Nashville Securities Co A
$48,831,347 $48,671,812
Accounts payable
Wheelock
Co.,
Brush,
25,469,505
charges -(net)-
from funded
Total
Aa.A,
Coburn
White,
—AAA-
,A_!!
_A
income
and
share
per
by each follow:
Inc
Co.,
187,288
self
underwriters-
250,000
W.
$5
.
300,000
E,
of
.
Welsh, Davis & Co
6,233,777
1,118,033
1,145,056
'
__
set
Dec. 31
the Year Ended
2,440,075
etc.
Funds
value
Hirsch, Lilienthal & Co.
$6,919,914
on
.
the
of
names
Gregory & Son, Inc.__-!_
Leach
1943
and
.
1 ,500,000
Ward,
$6,262,247
AA
hand
on
RR.—Earnings-
Federal
' 1
the
Weeks__
&
Walter
31
(All of the assets are located in the Americas)
Assets—
Cash
Coal
Federal
stock
preferred
__$3 975,000
bett.
Net
common
,
Income
Exchange
..Y',Y"
stated
a
,
amounts underwritten
A.
foreign
second
.
preferred stock having
$6
par)
Bacon,
accounts -and- contingencies)normal
2,259,981
and
Securities
,
;■
.
company's putstanding $6 preferred stock
of the 1,200,000 shares of its outstanding common
'.V :' .: •"
-A AA:
.Underwriters—The
roeder,
pension plan
charges (incl. prov. for doubt¬
Federal
585,255
2,455,462
756,670
2,013,834
and
retirement
Misc.
Net
$9,009,622 $13,216,391 $11,564,503
—
depletion—
annuities, contributory
deprec.
service
Past
_A~—
income
the
company's
,
having
of
none
owns
Wachob-Bender
Provision
of
and (c) to provide in substance that the au¬
the company shall consist of 1,500,000 shares
sto.ck
common
shares of '(no.
per share.
200,000
of
stock,
capital stock of
par)
Marx A
A. $8,628,318 $12,856,766 $11,170,165
381,304
359,625
394,338
profitAA-
Operating
Miscellaneous income
of the
1943.
31.
Barrow, Leary <fe Co
deprec.
—
1943 quarters, preferred dividends
dividends totaled $106,363.—V. 159,
vV- *
and
1944
1943
Dividend
24, 1944, the
as (a) to reduce the outstock, by the amount of 30,000 shares of second pre¬
ferred stock, (b) to eliminatae all authorization for the issuance of any
Field,
1941
1942
>
$29,684,219 $34,918,772 $30,779,087
_•_!
—
Account
Income
1943
'
■
31,
.
From lease of road
meeting of. the company's stockholders held Jan.
a
Stern
Lone Star Cement Corp.
1:A. ■'
$29,856, and
standing capital
Burr
and
March
to
1287, 1355.
Mahoning
certificate, of incorporation was amended, so
thorized
:
order
an
shares
30,000
company,
Hornblower
Loew's Boston Theatres, Inc.—Extra Distribution-— ;
and excess profits
tOn. 303,894 shares of common
"
1
'
income
29,
Otis & Co
Etta Masbaum has
Federal
(net),
:
1943, Electric Power & Light Corp.. surrendered to the company, as a gratuitous Contribution to the capital of
outstanding Dec.
v
with
Dec.
Inc.
New Director—
Mrs.
Note—For
amounted
p.
$0.63
tAfter
taxes of
Outstanding'
Authorized
J
,
accordance
Note—In
Commission
Halsey,
s
.
stock outstanding
Income
;
!'•;
/■
.
dividend
a
the 6%
on
April
record
paid
15
of accumulations
account
to
April
on
_::.'y
'
;
expenses,
Pays $1.50 Accumulated
—-
■
*.
estimated
$200,000 in 1944 and $128,000 in 1943.
mtge. bonds, 3% Series due 1974L_$250,000,000 -•.
$17,000,000 Y
$6 pref. stock, cumul; (no par)
205,000 shs.
60,000 shs.
Common stock (no par)
_'
1,500,000 shs.
1,200,000 shs.
(no
Dividend—
for
$0.32
1st
$22,689),
$324,409; ac¬
crued Federal and Canadian and excess profits taxes and renegotiation
(less U. S, Treasury tax notes of $1,525,000), $1,573,000; payable to
transfer agent upon redemption'of scrip certificates not yet presented,
$11,405; leserve for contingencies, $279,713; capital stock ($5 par),
$1,750,700; capital surplus, $920,493; earned surplus, $2,153,578; treasury
stock, at cost, Pr$152,071; total, $6,861,226.—V. 159, p. 449.
;
payable
Liabilities—Accounts
;
provision
day.
Capital Stock Giving Effect to Present Financing
$0.45
-
1941
$222,802>
$146,465
$0.38
and Federal income and excess profits taxes.
income Account for
reserves
goodwill,
;
:
trade-marks,
total, $6,861,226.
$716,586;
$1,272,926),
charges,
.
of
refund
$11,900;
accounts
other current assets,
$1,265,513;
inventories,
$933,158;
doubtful
for
reserve
share_„_
per
"■After expenses
with, such
together
$17,209,683),
such bonds amounts to approximately $2,400 per
Interest on
time
and
demand
(less
receivable
accounts
war
hand,
on
(estimated
proceeds
^Earnings
$$127,711
v
,
,
1942
1943
1944
t$165,100
profit
t
deposits, $594,759; call
loans, $282,319;. marketable securities, at market value, $2,469,545;
notes, G. M. A. C„ one to three months' maturity, at cost, $134,071;
Assets—Cash
*Net
mortgage gold bonds,'5% Series due 1957, of Which $17,500,000 were
outstanding at Dec. 31, 1943.
Accrued interest on the company's first
mortgage gold bonds, 5% Series due 1957, has been paid to Dec. 1,
Sales for 1943 have been reduced by an amount
tingencies.
31.
additional cash (estimated $727,812) from general funds as may be
required, will be,used to pay principal, premium of 2%% of principal,
and accrued interest to
date of redemption of
the company's first
,
charge of $20,900 against the reserve, for con¬
net
a
Purpose—Net
$2.71
$3.42
_
Quarter End. Mar. 31—
1943, operating revenues were
80.8% was derived from the sale
the sale of natural gas, 4.3% from
from sales of ice.
Y
"V. ;
transportation service,-and 0.1%
Net
MacAndrews & Forbes Co.- -Earnings—
of which-approximately
electric
of
•
months- ended
12
$12,332,236,
$949,597
687,512
—
subsidiaries.
no
For
3,597
•
159, p. 1288.
tax, Federal income tax, and excess profits tax.—V.
'
$2,501,731
$3,960,320
T
A
(net)
of
distribution of ice; trans¬
and activities incidental to such operations.
of passengers,
portation
It has
Operating profit
Other
depletion, capital stock tax, or Federal income tax or excess profits tax.
tMetal production reports omitted in accordance with the regulations
the Office of Censorship.
tAfter deducting estimated capital Stock
and is a
and of Electric Bond and
utility, in the generation,
electricity; purchase and
public utility company operating in the State of Louisiana,
a
(& Subs.)—Earnings-
Consolidated Income Statement
1944
Monday, April 24,
& FINANCIAL CHRONICLE
THE COMMERCIAL
1660
The
average
at
105
company
and
Stores
Co.,
Inc.—To
Call
Shares—
will redeem 1,500 shares of preferred stock
accrued
dividends.—V.
(Continued
159,
on
.
p.
page
1557.
1692)
on
May 20
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
159
1661
mm
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery
are
Mew York Stock
:«»
WEEKLY
-
dlwregarded in the day'e range, nnleee they are the only transactions of the day. No account l« taken of such sales In
computing the
United States Government Securities
Below
furnish
the Blew York Stock
on
Daily Record of
a
Prices
U. S. Bond
Treasury
<Y*B, 1947-52
Apr. 15
Apr. 17
Apr, (8
Apr. 19
Apr. 20
Apr. 21
Daily Record of
[High
U. 8. Bond
Prices
Treasury
Low
Apr. 15
coupon
Apr. 17
bonds
Apr. 18
2yas
Close
$1,000 units—.
1
[High
1965-70.
100.5
Low
100.5
100.5
-
3
High
Low
[High
Close
Total sales in $1,000 units
Low
Total sales in
High
Total sales in $1,000 units
Close
(High
J Low
[Close
2y4S, 1954-56
si 0!
Close
In
High
High
111.9
111.9
111.9
Close
111.9
1
Total sales in $1,000 units.
Total sales in
$1,000 units
5
Low
Close
Low
Total sales In $1,000 units
High
$1,000 units
2s, March
High
1948-50
—how
Close
Low
2'As, 1945-47
Total sales in
[Close
$1,000 units
Total sales In $1,000 units.
High
Total sales In
$1,000 units.
High
.5:;Y;
Total sales in
(High
("High
Sept.,
2s,
Low
[Close
In
[close
YY;-
$1,000 units
$1,000 units.
—
[High
/ Low
2s, June, 1949-51
Low
2'As, 1956-59—
[close
■'.bYY
Y^Y.
Close
sales In
Y'YY
$1,000 units
■
Close
2'As, 1951-54
f High
t Low
2s, Dec. 1948-50
Yv 'Y
Low
2%s, 1948-51—_
sales in
1949-1951
"YYY::Y
Total sales
$1,000 units.
in
-j Low
;
•
[Close
"Y,
$1,000 units
""ilgn
2'As, 1958-63——
(High
Low
—
2s,
Close
sales in
Dec.,
1949-1951
Y.'-'Yl'1,.'..■ YY"':
$1,000 units.
High-
t
.
(High
111.20
Low
2s,
111.20
Close
111.20
Total sales In $1,000 units.
March,
1950-1952
-j Low
(Close
•
.
Total sales in $1,000 units
5
—.
High
Low
1945
2s,
Sept.,
/ High
/ Low
1950-1952
Close
[Close
Total sales In $1,000 units.
2%a,
Total sales in $1,000 units
i:
(High
_■{ Low
[Close
1948
Low
|Close
'..'v. Yv;;
$1,000 units
Total sales in
2%s, 1960-65
2%s,
100.11
High
Close
Total sales in
100.11
100.11
100.9
1947
2s,
(High
.■(
2%s, 1955-60
100.9
100.9
/
111.9
25
1956-59.
111.9
Low
Low
Close
2'As
$1,000 units.
3s, 1951-55
(High
.
2s, 1951-1953
Total sales in
100.13
100.13
$1,000 units
4
High
High
Low
%s, 1949-53
100.14
Low
[Close
Total sales In $1,000 units.
2
I
Total sales In $1,000 units
Low
3s, 1946-48
Low
[Close
Low
3y8s, 1949-52—
I;
2y4S, 1952-55
$1,000 units
High
Total
1
Low
[Close
High
Close
sales
■
High
2y4s, 1951
Total sales in $1,000 units
3%s, 1946-49
Total
100.14
100.14
2
Low
100.14
100.18
100.18
■
High
I Close
Total
100.18
Low
Close
Total sales In $1,000 units
Total
Apr. 21
100.5
Total sales In $1,000 units.
Total sales
Apr. 20
100.5
Close
—■{ Low
J
the New York
100.5
Total sales in
""[High
3%s, 1944-46
for the year.
Apr. If)
Low
1964-1969—
[Close
3%s, 1946-56—
on
[High
2yas, Dec.,
Total sales In $1,000 units.
4s, 1944-54
range
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
Stock Exchange during the current week. Figures after decimal point represent one or more 32d of a point. (See note
below).
we
Exchange
YEARLY
-
2s,
1951-55—
Close
_•{
;
—
Low
Y.Y
Y
$1,000 units
Close
..
Total sales in
Total sales In $1,000 units.
'
High
2% s,
(High
2s
Low
1950-52—
1953-55
/ Low
[Close
Close
Total
Total sales
sales In $1,000 units.
in
$1,000 units—
High
l'As
Low
2%S, 1952-54
'
Close
[ High
Y
-i
High
Close
Low
3s, 1944-1949
Total sales in
._•( Low
Home
[Close
"(High
Low
100.5
100.5
In $1,000 units.
(High
•( Low
[Close
100.3
100.4
100.3
$1,000 units
5
—
100.4
1
in
l'As, 1945-1947
100.5
100.3
$1,000 units.
1944-1952
Total sales
*2%
(High
_-{ Low
[Close
2%s, June, 196.4-1969
Loan
3s, series A,
100.5
[Close
1963-1968
Owners
~
$1,000 units
Y
Total sales in $1,000 units.
Total sales in
-
Close
2%s, 1962-67
sales
$1,000 units
Low
[High
Total
[close
AY,';.1
Federal Farm Mortgage
Total sales in $1,000 units
2%s,
/High
-j Low
1948—
Total sales in
Total sales In $1,000 units.
2%s, 1956-58
'■
[High
J Low
[Close
Total sales in
•Odd
lot
$1,000 units
sales,
transaction
NEW YORK STOCK RECORD
LOW AND
Saturday
Monday
April 15
Tuesday
April 17
$ per share
HIGH
PRICES
Wednesday
April 18
$ per share
SALE
April If)
$ per share
$ per share
Thursday
April 20
$ per share
57%
57
*111%
112%
*111%
112%
*111%
112%
*111%
*50'A
51%
51%
51%
*50'A
52%
*50'A
51
51
'*56%
*56 'A
58
56%
57%
*111%
112%
56'A
56 'A
56'%
57
11%
11
11%
10%
IOTA
30
29%
29%
30
30
*29%
30-
20
*20%
21%
20 %
40%
40%
•
20
40%
*83'A
143
Y 20
20
40%
87
39%
39%
39%
88%
84%
84'A
*84%
5%
143
40%
5%
5%
5%
5%
142
143
145
2%
2%
2%
28%
28%
28'A
28%
26'%
28'A
*51%
51%
50%
50%
48
50
25
25%
25. 'A.
*79%
81
10'A
10'A
144'%
144%
*1.3%
*10%
*143
For
2
2%
-—24 %
-25
*79%
.
10%
144'%
10
142%
26%
...47%
81
81
2
•
10%
144
^
24%
79'%
10
145
2%
,
footnotes
57%
112%
52'%
30
56%
*56'A
56%
500
3,500
10%
10%
30
*20
21
39'%
88
5%
145
2
24%
79'%
*78%
10
142%
13%
13%
31%
32
30%
32-
30%
31
9%
142
*J.3%
31%
—_
30
21
1,400
10%
30
48y2_.48.yg_,
142'A
Y
27%
24%
81
10
39%
*85
5%
*144
2
26%
*43
24%
*78'%
*10
10
5%
11,000
147
80
2'%
11,400
27
18,800
49:
.1,300
,
5,400
20
10'%
700
142
143 %
143'.2
1,100
14
*13'%
14V2
200
31%
6,300
31%
31
$ per share
52% Feb 21
17
111% Mar 13
No pat
No par
47
Jan 24
25
53
Jan
100
Adams Express
—-No
Address-Mutigr
2,800
$ per share
Abraham & Straus
Acme Steel Co
Corp
Air Reduction
Alabama
Alaska
&
.
No
CorpInc
Vicksburg Ry„;
Juneau
Gold
109% Jan
10
Allen Industries Inc
Allied
Chemical
&
1
Dye
No
par
5
No
par
51'%
108
Jan
Nov
Jan
52
58
4iy4
Jan
57 y8
7%
Jan
Mar 17
25%
Feb
42% Mar 13
124
2
Jan
3
Mar 29
23% Jan
-
18
3
Sep
13
Mar 16
12% Mar 16
5% Apr
63% Mar
115%
35%
30
75
_
Allied Kid Co_^—
Allied Mills Co Inc__:
11
39% Apr 20
Jan 13
par
Albany & Susquehanna RR
100
Allegheny Corp
1
5%% pf A with $30 war——100
$2.50 prior conv preferredl.No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
Jan
Highest
$ per share
51% Mar 31
26% Jan 31
19'% Jan
6
Par
100
Min
3
61
$ per share
10% Jan 27
par
10
No
Lowest
Highest
Abbott Laboratories
' 4% preferred
Adams-Millis
Year 1943
Range since January 1
Lowest
Par
800
39%
81
Range for Previous
STOCK
EXCHANGE
600
88
24%
NEW YORK
Shares
*49'%
24%
13%
$ per share
*56%
48
13%
page
2
Sales for
the Week
*111%
26%
14
see
145
Friday
April 21
51
26%
*13%
14
32'A
2%
—.
*79%
21
39%
6%
*140%
10%
*29%
*84%
87
5%
*32
56%
112%
58
20%
•
56
11%
*83%
*139%
56%
11%
11%
*29%
*56'A
56
bond.
STOCKS
*57%
57%
of registered
22% Mar 11
85
Mar
6% Jan
145
Apr
6
15
19
.
Sep
Apr
32% July
14%
Jan
21'% Mar
38%
Jan
48%
67
Jan
76%
Sep
Jan
7 Ve
Apr
Jan
128'%
Dec
3%
85
2% Mar 18
33% Mar 20
July
■jpjj Jan
5'%
Jun
3'A July
Jan
32'A
Sep
-37 --Jan*
4
- - -58
Mar 18
13
Jan*
45%
24% Apr
19
28
MarrlG
18'%
Jan
31% July
7*0
21
80% Apr
64
Jan
75
7
Jan
Jan
9'A Jan
3
12
11% Mar 16
140% Jan
11'%
165
Sep
May
Jun
July
Jan
7
13% Mar 18
16 % Feb
5
10%
Jan
14% May
30
35% Mar 27
16%
Jan
37%
142
Apr
Jan
20
25
150
Nov
1671,
»
CHRONICLE
THE COMMERCIAL & FINANCIAL
1662
LOW AND
Saturday
April 15
$ per share
16 %
100'/8
35
18
15 Va
15%
15%
153/4
153/4,
16
*99%
993/4
99%
99%
.99%
99%
33%
34%
33 %
34 Va
333%
34%
17%
23/4
353/4
88%
86
88 %
28%
28%
28 Va
60
60'
58 3/4
60%.
17%
17%
163/4
17%
66
66
66
12%
12%
12%
113/4
12%
38%
38%
38
38%
128%
128%
36
88 %
89%
87%
28
28%
28 %
61
17%
*35%
%
61
*17%
*65%
12'A
538%
127%
8%
86%
174%
38%
.
128
8%
8%
86%
174%.'
'8%
'85%
174%
114%
110
115
114%
*11%
14%
*102%
11%
28%
2%
*8%
28
28%
*2%
9
i,
33%
733/4
23%
23%
*10%
14%
,14%
*2 Vt
8%
5
79%
76%
27%
1,900
j
115
*10%
11'A
14%
.
i
300
2%
26%
26%
2%
*8
*24%
25%
*24%
25%
4%
4%
4 3/8
i
4 3/8
33%
34
3%
3%
3%
3%
82
■-
*64
.»■
*7%
7
*6%
•
7%
67
7%
7
*6%
83
200
1,100
,
21%
221/4
75
74
74
33%
33%
33 Va
33%.
33%
3%.
42
67
6
68
6
*65
6%
6%
*6%
7 3/4
*65
7
46%
*463/4
47%
*463/4
47%
47%
47%
16%
16%
16 %
16 Va
163/8
163/4
15
15%
863/4
84%
84%
15
.843/4
87
14%
14%
85%
86
15
11%
11%
11
11%
10%
11
143/8
11
11
21
15%
21
21
21
20%
20%
21
*119
"
*
119%
1195/a
119%
119%
34%
120
*119%
34%
34 V.
;
4,500
Amer
7 >
3
200
j
20
343/4
86%
14%
143/4
119%
119%
*341/4
34%
*34Va
34%
34%
34%
343/4
2%
2%
2%
2%
2%
2%
2%
2 3/a
2%
21/4
23/fl
463/4
45
453/4
45%
453A
451/4
453/i
i
43%
41%
42%
42V4
42 Va
42%
42%
7 6,300
91/4
9Va
9%
91/4
9%
21,900
47%
47%
46%
47%
44%
44%
44%
44
44%
41%
9%
9%
9%
175
*168
175
*168
175
*168
175
*168
9
9%
9
9%
2V4
*168
*168
175
$5
Am
f
13%
12%
13
12%
13
125/a
123/4
123/4
12%
12%
12%
67
66%
67'%
66
67%
66 3/a
66%
66%
66%
66%
67%
*16%
17
16%
17
16%
16%
16%
16%
*15%
16%
*15%
16%
,
1
,
5,000
14%
143/4
14%
*14%
14%
141/4
14%
14%
14%
*141/4
28%
28%
28%
27%
273/4
27%
27%
27%
27%
*27 Va
*
37%
155
363/4
37%
36%
36%
36%
1543/4
153%
154%
152%
153V8
152%
151
40%
40 Va
40%
40 %
*149
37%
1543A
37 %
37%
155
39%
40%
40
4
*149
152
*149
152
*149
-
24%
24%
243/4
25%
23%
25
15%
15%
15 Va
15%
153/s
153/a
*20%
21%
X21%
21%
21%
21%
118%
118
118
34Va
f 118%
35%
35%
35%
35%
*117%
.
24
20%
*15
I
15%
*15
35%
333/4
34%
118%
118 Va
119
15%
V 34%
34%
119
..
27V4
27%
*27V4
273/4
158
157%
157%
157%
158'%
158 Va
! 9,200
Amer Teiep &
61 Va
*60%
61
60%
60 3/4
60%
60%
60%
60%
? 1,700
American
61
61%
61%
61%
60%
61%
60%
603/4
61
61
61'A
61%
1 2,700
'
',27
.
1443/4
145 Va
145%
145
145
27%
158
157%
*10%
10%
10%
42
41%
41%
118
*117
7
83%
83%
*4%
-
25%
7%
'
-
7%
4%
7
89
4%
10
..
6%
.10
6%
.7%
.8
81
*116
116%
6%
6%
*881/4
10 3/8
i
4 Va
6%
7,100
40%
I
7
Am
10,600
i
913/4
■'
*7V2
7%
821/4
82%
V
1.800
4%
f
2,900
4%
4%
1 2,700
49
*45
45
45
25%
26 Va
25%
25%
25%
25%
25%
25%
25%
253/4
*25%
*23%
*23%
115
*22
23%
115
115
10%
*2%
116%
r
•
*9%
*2Vt
10'/a
2%
9%
9%
*93/4
10%
*2 »/4
2%
2%
*2%
2%
'
*2%
5%
83%
83%
*102%
36%
9%
9%
*9%
103
*1003/4
37
353/8
35V2
*93/8
9%
93/8
93/8
9%
9%
93/8
9%
113
110:
110
*110%
98
98
97%
98
91
91
91
901/4
90V2
',
98
98 %
*91
91%
35 %
34%
341%
341/4
i
*34
1063/4
*106
106%
*106
1063/4
*106
1063/4
*106
106 Va
106%
66%
63%
65
64%
65%
65 3/a
653/4
94%
*94%
943/4
"943/4
95%
941/4
943/8
93
93
93
94
38
38%
38%
393/a
36%
383/4
35%
37%
36%
37%
37
28
28
66%
67 %
66
67
64
*15,500
4
*
*94 %
60%
62%
*60
28%
28
26%
26%
26 Va
60
60%
59%
59%
283/4
28 %
29
26%
60 %
*26%
28%
28%
111%
*110
110 %
111
*12%
13
12%
12%
12%
12%
54%
54%
54%
*54%
55%
28%
61
30%
110%
30%
1103/a
.
31%
110%
30
111 '
111
111
111
*59V4
591%
59%
\
27%
llO'/a
t
Atl
600
> 600
340
'
*54
*14%
15%
7%
7%
3%
*143/4
7%
8
69%
19%
69%
3%
3%
19 %
52V4
*1161/4
121/4
551/4
531/2
121/4
*55
52 Va
52%
121
53
121
*116%
15%
*15
15%
12%
55%
1161/4
15%
*15
*15
'
70
*69
55
121
15%
*14%
*7%
54
121
*117
121
12%
551/2
*117
553/4
55%
55%
*55
*117
12%
*55
3%
68
7%
73/4
7V4
7V4
67
68
*67
66
66
68
7%
7%
3%
3%
.
Atlas
200
6 %
53%
10
3%
3%
33/4
18%
19%
18 3/a
183/4
7%
8Va
71/4
7%
7%
7%
7 S/8
7%
16%
14%
15%
151/4
15%
15%
15%
10%
Jun
7%
Feb
5
2OV4
Jan
27 Va
Apr
13
1161/4
Jan
125%
Nov
Jan
21
35
Jan
3
x26
Jan
36
Oct
32
4
12
Mar 31
4V4 May
7
A
Jan
52% Mar 22
18%
Jan
48%
2% Mar
'*2% Apr 19
44% Feb 21
Oct
40
Feb
14
49% Mar 22
161/2
Jan
45%
Oct
9
Jan
3
10% Mar 13
6 Va
Jan
11%
Jun
Jan
22
12% Jan
62% Jan
3
14% Mar 16
lOVa
Jan
16% July
3
68% Mar
54
13% Jan
7
17% Apr
8
15% Mar 14
163:
13% Feb
26% Jan
166
21
3
30
36% Jan
3
Jan
13
39% Apr
19
147
Jan
Feb
154
8
Feb
173
Get
Jan
69Va July
81/2
9
Jan
15%
Apr
12%
18
Dec
32% Mar
36
39% Mar 16
Jan
25
16
Dec
May
47%
Apr
Apr
4
1441%
Feb
161
Aug
43% Jan
20
35%
Jan
45
Apr
150% Feb
155
7
26
156
147 '
Mar
Jan
8
16% Jan
11
11% Mar
4
37% Apr
119% Apr
Jan
30
16
Dec
12
Jan
17% July
6
21
17'/2
Jan
33
91
Jan
115
21
21%
Jan
Aug
32% Aug
Jan
158% July
22% Mar 21
3
Feb
Jun
Jan
6
8
127%
56% Jan
3
63
Feb
1
42 Va
Jan
57% Jan
3
64% Feb
3
43%
Jan
65% July
Jan
7
146% Feb
15
129%
Jan
146% July
8% Jan
3
11% Jan
19
6%
Jan
39% Apr
19
139
x
1161/2 Jan
159% Mar
32
46% Mar 16
14
119% Feb
Jan
115%
21
Jan
63% July
12% July
49%
Sep
121.1/4 Aug
3%
Jan
9,
May
53%
Jan
88%
Nov
par
Apr 18
9% Mar 16
3%
Jan
8% July
'67% Jan
3
89% Mar 16
55%
Jan
79% July
par
8% Mar 15
89
3%
Nov
42%
Jan
24Va Nov
31%
24
27% Mar 16
24
Jan
29%
7
25% Mar 25
16Va
Jan
23% July
111%
Jan
Jan
Feb
16
26
3
,
25
Jan
20
Jan
114
Jan
6
9% Jan
10
2% Jan
2
3
Jan
3
50
42
par
4% Apr
19
116% Feb
14'/2
Apr
Jan
3Vs
Feb
Jan
47%
Sep
6'/s Jan
J
3
Jan
6%
,8
46
Jan
75
Sep
49
Jan
84
Dec
30
Jan
40%
Jun
89
Jan
85
Jan
3
119
Jan
.No
par
35% Apr
18
9% Feb
17
No
par
8% Jan
3
—
39% Jan
1*
17
10% Mar 11
10% Mar 16
110
1%
Mar 16
■
Dec
6%
Jan
4%
Jan
92
Feb
Jun
IOV4
Jun
Oct
4
14% Mar 13
Jan
3
99% Apr
851/2 Jan
*3
92% Apr
12
Jan
13
29
Jan
39%
Apr
4
68% Mar 18
100
Jan
108%
90
341/4 Apr .5
par
19
103% Jan
531/2 Jan
3
37
10
107
Sep
10%
110
4
12% Jan
1
,—100
No
8%
Jan
102
—100
Apr
Mar
34
3
—
116
Apr
20
Mar 22
Apr
74% Jan
5
23
11% Mar 20
_No par
Corp
71/4 Apr
54% Mar
5% Mar 16
50% Apr 11
27% Mar 16
4
44
24% Jan
1
—
61/4
Jan
15%
72%
Jan
97% July
59
44%
Jan
Jan
Jun
94% July
Oct_
Nov
67% July
'
66
Jan
90% July
25% Jan
3
24%
Nov
38
Feb
15
30
Mar 23
19
Jan
36%
Oct
.1—100
59 % Jan
8
65
Mar 15
44
Jan
68
Oct
.—25
24% Jan
14
—100
107% Feb
18
5
11% Jan
3
13% Mar 22
6%
Jan
13% May
50
53% Jan
7
56
Feb
24
50%
Jan
57
52V4 Apr
19
58% Jan
24
52
Jan
9
113
Jan
123
Jun
16
Dec
RR
W I SS Lines
100
:
—1
25
_No
preferred-.
par
100
—
_No
114
Jan
Jan
7
4
14% Mar 31
par
95% Apr
18
39% Mar 22
31% Mar 16
111% Apr
117
Mar
16% Feb
14
18% Jan
106
28% May
113%
Sep
Sep
68% July
7%
Jan
Jan
9% Aug
Jan
85% Aug
par
7
Jan
25
8% Feb
1
2%
.No
par
—_3
66
Apr
19
75% Jan
4
28%
3% Jan
3
4% Feb
24
13
100
18% Apr
5% Jan
19
'-100
50
-100
'—10
9% Jan
3
9% Jan
3
12
Mar
22
Jan
4
*65
Jari
22% Apr
19
26% Jan
(The)
Mar
May
21
.No
Nichols——
prior A—
Corp of Del
82
—100
J.—
Line
Aviation
15,800
3%
3%
Jun
Jan
—100
preferred.——
conv
$5
250
15%
•
Jan
preferred-
Austin
2,700
68
Jan
3
Atlas Tack Corp
15V4
7%
Sep
121/4
15% Mar 28
'Oct
Feb
Corp
5%
82%
27
No
Atlas Powder.—
950
116'A
171/2 May
3
non-cum
6,300
12%
56
47
Nov
7%
10
preferred—
Atlantic Refining.——
1
4% conv "pref series A—
9,300
Jan
Nov
6n
391/2
Mar 15
6% Jan
—
Coast
&
93
24% Jan
—-5
—
preferred
G
10
Sep
Feb
120
preferred————— —100
Top'eka & Santa Fe_„ ——lOO
5%
66 V2
18
—20
Corp
Atlantic
16,300
Jan
—100
2d
5%
1,500
37%
*26%
28
*26%
•
•
72
15
—
Goods
1st preferred—
'5%
19
111
—
Cork Co__1.—
preferred
Atch
Jan
Jun
6% Jan
Assoc Investment Co__
20
1061/2
*106
May
16% Jan
.No
1%
1,040
'
May
5
2
84% Jan
Corp
6%
300
*34V4
1,800
•
70
5
7% Mar 31
par
Associated Dry
250
35%
91
*34%
7%
I40
113
98
983/4
91
.
*1101%
971%
98 %
35%
113
*110%
40%
Jan
21
10
par
preferred—
Constable
Arnold
Artloom
Jan
Jan
Jan
Jan
Jan
.No
Mining
preferred
Armstrong
800
91/4
35
53%
43
68
Mar 27
Jun
Feb
of Illinois-—- —5
& Co
400
V
9%
9V4
91
*13%
*34%
*91/4
13V4.
13%
35 %
9%
9%
1%
90
V 1,900
13V4
13%
92%
93/B
9%
...
<
1
Apr
,—100
$6 conv prior
800
13%
13%
98%
100%
36V4
36
t
13%
13%
98%
100%
.
Apr
4V2
2%
21
20
.No
Paper Co Inc
Daniels Midl'd
Armour
"13,400
36%
Jan
4V2 Jan
.No
Elec
Wks &
Copper
P W
Archer
:900
82
36
Andes
200
A
5
*81%
i.
13%
13%
*34%
113
4%
102%
35%
'
50
5
*100%
1
49
81
4%
81
101%
35%
13%
*91%
5
102%
10
*110
113
*110
82%
50
49%
81%
9 %
9%
*9%
4%
81%
493/8
363/4
36 3/4
*9%
493/8
49%
5
.82
.
103
103
*36%
5
82%
82%
103 %
*49%
5 %
5
5%
-
.
493/4
*49%
49%
*49
2%
*2%
2%
Feb
8% Jan
14
div preferred
$5
30
;«
29
-100
Anchor Hock Glass
20
Mar 23
3
15
600
1
23
*22%
37-
20
—12.50
116%
19
29% May
470
22%
Apr
Jun
July
151% Aug
12,100
116%
78 V2
Oct
25%
22%
26
Jan
Jan
25%
*115V4
22%
116
*115
,
*93/4
10
10
10%
*10
22%
24
*114%
24%
115
*114
Jan
39
19%
2534
26
87%
7
6
115% Feb
—
'
Jan
5
Apr
29
.—100
10
♦——
Foundries Inc
Amer Zinc Lead & Smelt
100
.
5
80
1411%
*25%
25%
25%
253/4
50
Apr
25% Apr
14% Feb
—25
$5 prior conv preferred
50
Anaconda Copper Mining.No par
Anaconda Wire & Cable—
*45
■
91
10
.8
4
25
—25
Preferred
'
503/4
*45
10
Jan
Jan
8
Viscose Corp
Water
May
27% Mar 16
B_~—I
$6 1st preferred
American Woolen
100
Apr
9
19
preferred—
5%
200
46 Va
'
—100
Teleg' Co
preferred
American
Jan
No par
Refining
class
Amer Type
{6,800
1%
23% Apr
Tobacco—
Common
670
7%
81
4%
i
81%
7%
7%
*
116%
91%
*25%
26
.
6%
81%
41/4
4%
10
40%
*881/4
*88V4 *92
84%
143%
<
40 3/4
116%
117%
V"
.
9%
40
144
Am
300
27%
158
144
..
403/a
*116 Va
117
81%
503/4
*45
25%
26
9%
39 3/4
.89
843A
4%
4%
50%
*45
.
84%
10%
6%
90%,
7%
7%.
143V4
145
41%
117
7
7
*89
90%
*7%
1173/4
*117
7%:
■
*89
.
.
93/4
40%
10%
*41%
143%
144
*26%
5% Mar 16
—100
Co
Sumatra Tobacco-
27
157%
61
*27
27%
18
4
100
Preferred
60%
158
158
29% May
^
-100
Stove
American Sugar
700
10
26
No par
No par.
No par
preferred—
non-cum
Steel Foundries
American
3,600
„
Jan
14% Feb
25
American Stores—
'
Jan
Nov
801/2 Jan
25
700
V
1%
6%
22 V4
46
••
—100
400
119%
,
Mar 22
,
18.50
No par
No par
No par
—
i 9,100
:
35
1193/4
Jun
v
Jan
29
,
'
•:
4Vt
7
10
61
par
American Snuff——
Amer
21
Dec
5
4
No par
—100
Smelting & Refg
15Va
21
54%
39% Mar 31
No par
Amer
V
15%
Dec
65
No par
No par
190
6'Z
42Va
26
3% Jan
preferred—-—--100
60%
*27%
•
...No
Co.
5,000
24
Jun
11
11% May
33"
No par
Ship Building Co
!\.<v 1,100
401/4
Feb
104V2
o
15% Jan
No par
Amer
152
233/a
21
.
34
118%
*149
24%
20%
205/a
401/4
152
23%
•>
18%
Jan
59
—100
Preferred
Dec
97V2
7%
Ltd
800
152%
2% Jan
6
Jan
13%
8
Jan
68"
No par
6
37
36%
152 3/a
401%
*149
152
•
235/a
.
36%
154
40%
40
53% Jan
19
6%
3
2
4% Apr
—-50
390
27%
Mar
112% May
9% May
Safety Razor
American Seating Co
14%
28 %
Feb
16% Mar
105
116% July
Feb'
Jan
No par
VA
■14%
13
'
J
7
Apr
Nov
96
Jan
Rolling Mill—
conv
Apr
4
116% Mar 13
Jan
—
4%%
107
111
Jun
July
51/4
American
1,600
24%
4%
Rad & Stand San'y
American
il.160
.
80
Jan
37'%
Preferred
175
13
66%
45%
Nov
18 V»
Mar 25
Light
preferred——
preferred
$6
5,600
Jan
59 Vi
8% Mar 15
Amer Power &
4,200
24'A
25% Mar 22
'
7V4 Apr
8
471/2 Apr 20
x 19 V2 Mar 16
——100
News
American
310
91% July
185V2 July
19
preferred
6%
Jan
12
Locomotive—
Amer Metals Co
91/4 May
Jan
Nov
7% Apr
Fdy Co!
Amer Mach & Metals—
100
3%
7IV2
168
Mar 21
Apr
6% Jan
Ariier Mach &
1,100
;
Jan
—1
preferred—
conv
127%
43% July
134
Aug
81 % Mar 23
4
8% Jan
23
—100
Co of 111
7% preferred
%
V1,400
■
119%
34%
1,000
v
21%
21
5%
Jan
39% Mar 16
18
2% Mar
Nov
9%
Jan
10
5
Apr
61
4V2
25
Apr
Dec
—No par
Corp—
Invest
American
.4,000
11%
*10%
.
Internat
American
20,400
%
25
—
preferred
6% non-cum
16%
Products
Ice
American
1,800
&
10 i/s Jan
18%
27%
4
89
Mar 10
14
Jan
177
26
10'A Jan
47
76% July
Jan
Jan
8%
6
17
1
3
101% Feb
—-10
1
—50
1
No par
Leather
preferred
Hide
conv
i
48
86%
21
15 Va
1
11%
120
•
16%
87
6%
6 3/s
*47%
17%
87%
American Home
7%
*6%
46%
17%.
1,800
'.68
7%
7%
'16%
47%
American
SS Co
American Hawaiian
2,100
i
68
6Va
68
2,300
Jan
132
108% Jan 20 "
108% Feb 18
Co
;
:
75/a
"6%
7
67%
'
600
42
*40
v-
5,400
.
25,600
.1.
3%
3%
3%
42
%
7%
7%
.
*40
.68
.53/8
*64
>.?
3%
67%
67
s;
10,400
83%
22
75
3%
6%
6
*6%
*65
V
833/4
21%
75
*40
67
67
6%
6%
7%.
83
21 s/8
33
-
42
67
42
67%
83
203/4
3%
*40
♦40%
*67
4%
33 % Apr
23
15% Jan
Sep
Jan
52
42% Feb 25
.
5
Mar
68% Jan
stamped——20
American Encaustic Tiling—_ 1
Amer European Sees
No par
American Export Lines Inc—
1
Amer & Foreign Power—
No par
$7 preferred
—
No par
$7 2d preferred A
^—No par
$6 preferred
——
No par
1,100
8%
*8
82
Chicle——
Distilling
Amer
5,900
21/4
2V4,
8 %
2,200
■' 103%
*103
26 %
78% Jan
No par
American Colortype Co———10
American Crystal Sugar.
10
6%
1st preferred——100
220
14%
12
170% Jan
preferred————100
conv
American
66 % Apr
3
14
126% Apr
Bosch
Brake Shoe
5%
110
115
1033/4
26%
25
*73
76%
34 %
21%
*119%
.
.
4%
'
34%
42
21%
1033/4
„
24%
25
4%
67%
*11%
*103
2%
8%
'79%
79
*15%
1,100
'
34%
87%
*1083/4
•-/•
4,400
?
23%
23%
11%
145/a
84%
17%
-23%
11%
22%
*6%
74'A
170
J
14
7% Jan
37% Jan
Corp
-1
Co——„—+No par
—-100
5%% preferred —
Amer Cable & Radio Corp
— 1
American Can
;
25
Preferred————-——--100
American Car & Fdy
.NO par
1% non-cum preferred
100
Am Chain & Cable Inc——No par
10,400
,
Jan
60
—50
preferred
6%
American
Am
420
343/4
14%
8%
21%
*46%
18% Mar 16
•1,200
341/4
*10%
2%
24%
5
69
19
1,100
84
M
*733/4
110
25
82
6%
8%
8 3/8
733/4
115
*103
23%
7%
66% Mar 13'
16% Apr
t
34%
114%
'
88%
*65
28
10
4,600
174»/4
*108 3/4
110
28 Va
104
87%
-
*
84
114%
I.43/4
22%
*3%
58% Jan
American
v
129
173%
114%
*1083/4
.
115% ?
11%
23%
*40
8%
34
73
,23%
-
88%
*67
128%
33%
.
23%
110
23%
78%
128%
73
8
88
*34%
129%
8 3/4
26
5%
5%
13%
85
Oct
Jun
2% July
1,700
38%.
*2%
9
5
12%
383/4
174%
31%
34
180
12%
38%
8 3/s
Jan
861/2
Amer
Bank Note
Sep
Jan
131/2
Jan
-
12
38%
*84
23%
%
40% Apr 21
2,200
11 %
*172%
Jan
17%"
12
Jan
%.
38%
8%
25
3%; Feb 17
28% Jan
23
16%
85
20
Jan
X67
601/4
173%
Apr
4
14
16%
8%
.
Jan
21
60
173%
Dec
43% July
31% Jan
16%
x84 '
97
90% Apr
60%
11%
8%
Sep
Jan
Jan
6%
13
16%
129
1
——50
16%
73%
26 Va
Mar 29
60
*128%
preferred
Jan
5
5
Apr
163/4
65
20
Mar 21
Jan
82
58%
643/4
107
19
2
Petroleum
Amerada
500
66
19
105
6% conv
4,700
28 %
*65
Apr
17% Apr
100
No par
preferred———
conv
17
28
903/a
28
65
40
100 % Apr
3
Highest
$ per share
Corp—No par
891/2
2834
65
20
$ per share
Agricultural Chemical-No par
American Airlines Inc..
.
10
89%
*28
86%
27%
*103
2%
26
2,100
'
.14 3/a
28
2%
*8%
25%
25%
XI
.
4%
104
*102
104
114%
/
115
*
14%
•
3,900
401/4
38%.
i
733/4
*108 3/4
110
*11%
11%
14%
87%
3%
39»/4
16 Va
86
34 3
23%
<
24%
*108%
*
3
39
27
96% Jan
33% Apr
No par
Alpha Portland Cem
Amalgam Leather Co Inc
1,500
58%
175%
73%
74%
24
23%
23%
*108%
:
17%
14% Jan
«.
Mfg
Year 1943
Lowest
$ per share
share
100
preferred
4 7c
5,900
107
283/4
853/4
*28
128 %
93%
34%
74%
•
74%
74%
2%
2%
37
5%
Allis-Chalmers
•
8%
•
173/4
7,400
*
86
34%
35
128%
106%
18
37
*35
65 %
65
175
86
175%
*34%
;
107
18
2 5/a
2%
2%
2%
2%
36
106
17%
17%
35 3/4
2%
36
105%
105
106%
173/4
18
t
$ per
Par
•••»
•*
Highest
——No par
Allied Stores Corp
10.400
105%
*2%
■•:',;•
3,300
35
16%
Lowest
,
Shares
100
153/a
35%
35
EXCHANGE
the Week
April 21
$ per share
Range since January 1
STOCK
YORK
NEW
for
34
100
*17%
April 30
$ per share
$ per share
share
Sales
Friday
*
100
16%
16%
100
35 %
18
$ per
$ per share
16%
*99%
Thursday
April 19
April 18
April 17
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Monday
\
Monday, April 24, 1944.
3% Nov
6%
Apr
20%
Dec
B
19%
19%
<
15%
*10%
*62 %
24
-7%
8%
15%
15%
16%
11
10%
10%
63%
63%
63%
24
7%
233/4
24%
7%
•13
14
133/4
13%
46
46
*45%
16%
16%
10%
9%
63%
62%
k ,'22%
23%
22 V.
10
,
16%
13%
46
16%
10
62%
223/4
10
10
*10
13,300
.
64
*63
64
22%
*22%
23%
1,700
90
1,900*
1,400
13%
13%
14 '
14
14%
46%
45%
45%
45%
451%
15%
"16%
16%
15%
15%
16
16
preferred
——
Bangor & Aroostook
...
231/8
13%
-•
Baltimore & Ohio—
26,000 '
110/
8,800
'
17%
*28
17%
28 Va
*34—34%
18 Va
17%
*28
34%
*106% 107
9
83/4
*33%
35
♦33%
*112
116
*10%
11%
35%
35
11%
35%
For footnotes
10%
11%
11%
see
36%
page
1671.
107
83/4
34
28
-
3 <7
.
...
..
17%
171%
28
28
•33
*32
17%
1061/4
106%
8%
8%
*331/4
34%
-
106
8%
*33
115 Va
*113 V2
115%
*113%
*10%
10%
10%
10%
*10%
llVA
113.4
10%
-11%
*113
10%
35%
8%
33%
116
*112
11%
*106"%
8 34
33%
28
17V4
17%
28%
;
—*33-.~
107
107
4S%
17%
28
28 Va
*33%
'*
35
35%
Baldwin Loco Works v t c
26,000
10 Va
*63
*45%
13%
46
-
19
'
'62%
,
.
46%
16%
15
,
18%
19
18%
"
'
34%
35%
11
34%
33
106 'A
8%
34V2
115%
11
11 V4
35Vt
171/4
*271%
33
106
*8%
*33
*113%
♦lOVa
11
35V4
17%
9,400
...
106
8%
34%
t
Bayuk Cigars Inc_„__
Beatrice
90 "
60/
.
$4.25
Beech
Beech
.—No' pflr
Creamery^^———----25'
Creek
10%
200
11 Va
3,300
4,000
Bell
Aircraft
Co
Bendix
Aviation—
Jan
10
Apr
14%
Apr
5%
Jan
12%
Apr
27
34%
Jan
63 %
Dec
24
12
Feb
28V4 July
'l
.3% Jan
.6
51/4 Jan
15%
Sep
Sep
4
14% Mar 16
Jan
24
46 Va Mar 20
30
Jan
47
Jan
19% July
Jan
20% Mar
15% Apr
15% Jan
19
18% Mar 17
12 Va
3
18% Mar 15
13%
25% Feb
15
'
29Ve Mar 16
May
33% July
Jan
Dec
3
7%
Nov
14%
34% Mar 28
25%
Jan
331/2 July
20
18
11% Jan
Jan
11
Apr
X29
24%
105 Va
8% Apr
7
23Va Jan
13
28
35
Apr
108% Feb
31% Jan
—50
Corp
10%
Jan
9% Mar 22
Jan
31
Belding-Hemingway
21% Mar 16
17% Apr
12
106
RR
3
43
No par
Corp.————1
preferred—
Aircraft
Beech-Nut Pac-king
115 Va
35%
5%
Conv
300%
1,800
60
preferred—
Barber Asphalt" Corp_
Barker Brothers—i—__No par
5%% preferred.:——
50
Barnsdall Oil Co.
5
Bath Iron Works Corp
1
■
800 '
28
-33
4 %
93
Jan
X110
-
114
Sep
Sep
Aug
—20
No par
114% Jan
Feb
15
10% Jan
3
11% Jan
24
9Va
Dec
10% Apr
19
15% Jan
11
9Va
Nov
20 % Mar
1
:—5
33V2 Jan
13
Nov
39%
21
117
37% Mar" 8
33
11% July
Apr
Volume
Number 42?5
159
THE COMMERCIAL & FINANCIAL
LOW
HIGH
AND
SALE
CHRONICLE
PRICES
STOCKS
.
Saturday^-
Monday
April 15
$ per share
*17%
$ per
17%
18%
58%
share
*54
55%
*54.1
V
40
181/4
40
"
18%
40
*17%
39 %
18%
18%
8%
8%
*171/4;. 18
18'
8%'
8%
16%
*15
16 %
98
*96 V
98% '
14%
14%
48%
14'/a
17%
*53%
54%
36%
*35
36%
17V4
17%
17%
57%
119"
*39
17%
/
8%
17%
8Va
17%
17
17%
58
1,600
39% V
18
17%
18
8%
8%
8%,
17%
.*14%
15%
*15Va
16%
*15Va
98% :
*96
98V2'
*96
98%
'
141/8
13% / 14%
13%
13%
13%
133/8
48%
47
47
46%
465/8'
200
*88
;
y4:
90
*48%
'
90
>
;50
90
88%
881/2
49
*48%
48%
48%
34%
35%
34%
35%
30%
30%
307/a
31V8
36%
36%
35%
36%
4%
4%
*38
4
39
35"
13%
3%'
14%
14%
*48%
*88%
48V2
*48
34%
34%
35%
30%
-30%
35
35
353/8
/.
10"
37
30%
30% V
35%
36%
3%
*33/4
4
*3V4
4
*33/4
38%
*38%
39
*38%
39
*38Va
*14
39
14%
14%
14%
14%
*48%
49Va
48%
48%
9%
;
10
95/a
'•••'
: 93/4
93/4
31%
30%
31
30
30%
29%
30
293/i
41%
41%
41%
41%
41
41
41%
41%
44%
44%
44
443/8
44%
443/3
44%.
45
19
20%
19
>41%
42%
20%
'-42 %
*18
"
'•
'
f
120%'/
59% >'•
*7%
9
8%
9
*118%
120
*1183/4
*117
*113
119
120%
6%
6
6'/4
*112
'
116%
114
563/4
59%
56 y*
57%
57
71/2
•/'/ 7%
7%
7 V4
73/8
73/8
18%
*18%
183/4
*183/8
183/4
18%
19%
19%
33'
183/4
19
18%
18%
183/4
"33
32 Va
32%
32
32 %
*313/4
*32%
'•
114
*115
57% '
*28%
28%
28
;
109
13
13
•
*4%
47
10
43/8
4%
63%
63%
*60
47
46
463/4
45
4%
9%
•;
9%
10%
29
3
*13%
12%
29
3
28%
■*
3
/'
13%
13%
12%
13
r
X7634
76%
76%
76%
•'
20%
20%
20
20%
*60
974
283/4
283/4
*28Vt
7
3
28 s/8
20
125/a
'7 3
,
Nov
12%
Jan
30%
Jan
44
July
45% Mar
37%'Jan
44
Va May
3
29% '
Apr
10
9V4
Jan
18 V4
Mar 16
2934
Jan
13
Jan
42% July
20 Vt July
—No
17% Jan;
par
Co__—.—
—5
No. par
—„__100
'
120
Co_-_—__i
Co
98% Jan
26%
26%
26%
26%
56% ,/:/;
55%
55%
'
6 %
'
*16%
-"J 38
87/a
" 7 /
3
Burroughs Adding Mach____No
Terminal
preferred
5%
127/8
13
13
2,300
76
76
76
120
20
20%
900
- -
-
Byron Jackson Co
*1011/4
'4%
55
16%
39
V"
*42%
43%
7%
46
1013/4
29
*46
102%
*28
4%
♦73/8
7%
46
4%
*28
4%
-
35
!
*148%
149%
46
/
33%
*103
r
46
••
4V4
-
34%
103
7-
4 V4
33%
150
*148%
*148%
45%
46
45
32 3/8
33%
32%
323/4
120
120 U
120 3a
120%
120%
120
?6
11%
34V8
46
'45%
46
325/s
33
^
__
120%
119
120
120
119
%
1*6
%
__
118%
Va
11%
11%
ll3/4
11834
,V
113k
11%'
68
17%'
17%.//
17%
17%
17V4
17V4-?:..
17%
17341'-'7/7.
17%k>'
20%
19%
20%
193/8
19%
19V4
1934
1934
19%
3,700
3%
33/8
3%
3%
3Vt
334
3V4
334
s
334
*109 ''
3 5/a
*3%
3'A
109%
109%
11%
*109
17 %
'
Z
17%
'
31%
*109
-r
110
*109
/7
7 110
110
/;
31%
11%
11
11%
10%
1034
liy4
23%
22
223/4
203/4
21%
2134
8%
8
8%
8%
8%
834
*115
/ v 120
31%
31%
•
*115:/
31%
118
*115V4
./
32%
3134
118
5
5
;t
5
5
/
5
5
4%
;
59%
601/2
*16%
18
60 v/
*58%
59% ,f;
*58%
60%
111/4
32 7/7...
118
31%
47/3
5734
58
60
58%
"'•*17%
it- /
58%
*57
5834
*57
5834
183.4
*17
1834
*17'/4
1834
573/4
58V4
Jan
27
18
183/4
*17
*
*21
24%
*23%
*108
108%
*30%
j
24?
45%
■'//'
12%
45% >•'
7%
6%
6%
23%
<
23%
23%
%
54%
55
12% -:
44%
45%
44 7.
44V2
•
7%
7V4
14%
6
23 % h 233/4
'
6%
6%
52
53V2
15%
54
42
51
51
51
*51
14%
14 S/8
-*14%
15%'
15 Va
15%
17
•
14%
15 :
4134
*50%
52
:
17
42
52
15%
/
:
42
*
15
16%
411/4
16%
'17%
53%
1534
17 '
*141/4
.-■v
15
2%
*2%
■
2%
2%
/
:
f. *26
27
*25%
'
27
•
*25%
•
2%
2Va
15
*25%" 26%
27
82%
83%
83 Va
83%
81%
83%
80%
16%
16%
16%
16%
16%
*161/4
1634
10434
10434
105
105
*59
105
105
*59
60%
60
105
105
58%
58%
7%
7%
58
.
/
'
*7%
8 %
*155
*1121/2
*106%
108
*92%
93
*52%
54%
33%
33%
35%
923/a
*52%
34%
*801/4
112%
1121/4
39
*106%
923/s
55
333/4
39 %
86
39%
33%
38%
108
*105%
106
*27
111%
111%
*15%,
16
*16% '
16%
17%
*16%
27
'
*111
i
!
17%
17
%
27
300
37%
111
37%
37%
111%
37%
«■
500
*9234
94
*52%
33%'
331/4
33%
3334
27-
35
*6434
•-
10534
34%
"
66
*147
26%
106
26%
111 >
'
":113%.
•
26Va -27-;--106
27
353/8
6434
*106%
3334
35
34%
150
*147
113%
112%
6434
6434
;26%
27
105%
105
26%
3334
'
27
-■
Vz
26VZ.
,
108
3334
34%
150
130
6434 '
26%
*111
1113/4
153/4
15
*-15%
1434
15
15%
15 J/4
15%
15%
.16%
151/4'
1534
15%
1534
*15%
17%
17%
16%
17%
15%
16%
16 3/4
16%
,1534.
16%
15%
*15%
275/a
28%
28%
28%
28%
28%
2,300
.28%
28%
28%
28%
28%
28%
1,100
28%
283/4
28%
*28%
see
15%
16%.
28%
27%
283/4
29
28 5/a
28%
111-
page
1671.
.
110%. 110%
16
*110
*15 V4
11134
!
15%
,
16%
16
120
1,600
•
16
960
■
290
.
'
18
36%
8% Mar 16
„
4%
.4
40
Jan
Jan
97%
Jan
4
x434 Mar 14
3 Vs
Jan
31% May
534 Apr
3 Jan-
4
1
4
48,'Mar 21
:Jan
x85
44% Jan
12
46% July
Dec
—No par
103
100
120
Nov
54% July
24
2634
Jan
4
95%
Jan
108
125% Jan
14
Jan
12834
July
Sep
96 Va
Feb
120%
Sep
8V4
Jan
.1
Mar 13
119
122% Mar 16
100
113
Jan
2
i'0 Apr
19
% Apr
,11
Jan
3
1234 Mar 13
17
18 Vs Feb
107
■
9
Cerro de Pasco Copper—■—No par
Products
1
6% prior preferred-.
ilOO
Nonpar
Champion Pap & Fib Co_—No par
6% preferred
! 100
Checker Cab Mfg
^._5
4034
58% Apr
1434 Apr
Order
C.
Sep
Apr
4
X33
Jan
6V8 Jan
25
3
Jan
734
32%
Jan
7234
Oct
1634
Nov"
1934
Apr
July
6534 Mar 13
Jun
Mar 29
60
18
18% Mar 22
23
Jan
3
.27% Feb
Jan
4
112% Feb
18
'Jan
24
4
9934
Jan
109";
Dec
7
•8%
Jan
34
July
July
24
34% Mar
11
Feb, 18-
13 Vs Mar 16
44
Apr. 19
534 Jan
f
4% Jan
18
6
3334
Jab
50
Mar 24
234
Jan
-18% Mar 24
7%
Jan
9 Va May
17% May
3
17% Mar 22
'2534 Mar 22
2Vs
Jan
1034
Jan
Mar
48
9
3:
11% Jan ZiS
:
.
Jan;. 4
.
7 % May
21%
Jun
Jan
16%
Dec
Jan
22
24
57% Feb
22% Apr. 18
51% Apr 18
28% Feb
r
24
6
1834 Mar 14
19% Mar 16
15 Vs
Apr
13
36% Nov
Apr
41% May
Apr
20
48
54
No
;
par
Dec
Jan
6
52
No par
13
Jan
4
1434 Jan 22
11%
Jan
1534
Apr
10
15
Mar 28
16% Jan
1334
Jan
18
Jun
47
No par
—25
5
No par
100
100
5
—
—
preferred'.
^100
gtd
50
Stock™
50
No
par
No par
Preferred
100
No-par
(The)™
—No
par
...:
.
!
2434
Jan
32%
87%
Jan
8534 July
10 %
Jan
1534 Aug
Jan
107
Feb
5
9634
65
Jan
4
27
.
4034 Apr
3
Sep
32 Vs
63%
Dec
Jan
8%
Jun
Nov
39% July
10
123
Mar
78% Jan 29
115% Jan
3
67
Feb
Jan
2.5
109%
2834
Jan
11634 Aug
42% Dec
12
101%
Jan
108%
Dec
Jan
92%
Sep
Feb
54
155
Apr
,.41% Jan
109
Jan
92% Jan 10
84
21
50
53
Jan
38% Mar 15
r
145
74%
Jun
Sep
48% Mar
33V8 Nov
33%
Dec
Jan
40
July
Apr 13
142
May
153
116% Mar 14
88
Jan
123
Sep
July
61
Dec
16%
Jan
3734 Mar 13
151;
67
.
'■
28
Feb
18
Vs Mar 16
68% Oct
25
Dec
12
Xl03%
Dec
109% July
2934 Mar 16
17%
Jan
2834 July
114% Oct
108
Jan
114
Jan
11
19
17
Jan
7
3
18% Mar 22
4
4
20% Mar 22
Jan
106
Apr
Feb
234
9% Mar 1.7
1134 Jan"
13.
334 May
5
Jan
12% Jan'
1st
Columbia Br'd Sys Inc cl A
Class B
I
1434 Apr
Dec
1734 Mar 23
29
10934 Feb
,
1
May
86 Vs Mar 16
28
.*
;
29
234 Mar 24
3:
.25%Mar 9
7734 Feb
7
1434 Jan
5
104
Jan 12
5634 Mar 28
"634 Jan .12
35 34 Feb 17
148
Jan
7
76, Jan
3
■ 111
Apr- 21
37% Apr 20
106
Mar 27
92% Feb 26
* 52% Mar 22
33
Feb 10
* 34% Apr 20
14$
Feb-18
111
Feb 26
62 Vs Jan >1
23VaJan
6
- 10334 Mar
2
26
Aprl2
™?100
preferred—100
non-cum'2nd preferred—1100
134 Jan
;
No par
4%
41
Dec
42
No par
Louis Ry. Co.—1100
non-cum
115
7
—100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The)
1
4%
Mar
3
—
—
98
Jun
8% Nov
24
Corp
A
Mar 28
18%
25
:
3834 Jan
& Fuel
& St.
Jan
15% Feb
Equipment
C.
Jan
3
16 Vs Jan
No par
6%% preferred
City Investing Co
City Stores
Jan
13
,--5
Co
Co
Jun
Aug
—No par
Co—
Oil
Cotton
3
8
27% Jan.,i-4
-100
111
21
;108
Chicago Great West RR Co
^-50
5% preferred
i-50
Chicago & Northwest'n w i__No par
July
'334 Mar
37% Jan
4'. 17% Apr: 13
40
wl
116 '
Feb, 19
Jun
13
Mar 20
/ 934 Apr
4,.57% Jan- 17
Chesapeake Corp of Va—
L—6
Chesapeake & Ohio Ry
25
Chic & East 111 RR Co
—No par
i
15
30% Feb .15
434 Apr 19
deposit^—100
:
15
26% Mar
19
7% Jan
110
;
-
22
Jan' 4
2034 Apr
.7
■
Dec
Dec
Feb
107
No par
—Jl0
'.
3934
147
Dec
40 Vg Jan
Mar 21
Mar 15?
,
40
50% Mar 13
.3234 Apr; 20.
No par
100
prior preferred
Mail
Dec
Jan
Colo Fuel & Iron Corp
1,850
.
4734 July
9% Apr
97
^Colorado & Southern!
(
Jan
4534 Jan
634 Feb. 19
18
Apr
Mar
25Vi
Colgate-Palmolive-Peet—No par
$4.25 preferred
..No-par
Collins & Aikman
No par
'
5%
conv
preferred
100
290 ;
1134 May
i
,
Certain-teed
Class
400
;
Feb
42% Apr
par
A__.l
;
.
4,300
10534
26%
634
10% Feb
Jan
Coca-Cola Co
90
27
105%
►
38
21
Molybdenum
Cluett Peabody & Co_i
<
600
Jan
28
Climax
2,400
:
112%
29 %
32%
Special gtd 4%
2,900 :
40% Mar 21
834 Jan
-100
5%
,
3334 Jan-.
127%
Clev & Pitts RR Co 1%
'
27%
Jan
,
110
1934
Jan
9734
55
«
Nov
13%
Mar 16
5% preferred;.
.
X13 34
13
C.
180
.
Mar 16
27 Vz Mar 23
Mar 15
preferred
Apr
18 '
11034 Apr
Clark
,
16%
17
1
1
111%
*1634
,
200
55
2634-
%
39
86
94
65%
*26
113
*7834
108
35%
1053/4
*38 V*
*155
86
163/a
28%
footnotes
.
38%
120
900
..
11% Mar
15%«Tan,
39
A
Mar
9%
150
Chile Copper
140
-8%
*15%
28%
For
105
105%
?7%
-
58
*9234
65
•
105
Dec
31
City Ice
*8%
6Va
V Jan
Chrysler
58
28
Co
—1
Central 111 Lt 4%% preferred__100
tCent RR of New Jersey——-100
Central Vloleta-Sugar Co_
Century Ribbon Mills
No par
800
105
56
7 Vs Feb
.
23 % Feb
Foundry
8,600
8'/a
3
?
21
16%
105
30% July
34'Jan
2334
8134
*734
'•V
11
Jan
16%
•
6% Jan-
8
% Jan
Jan
tChilds
27
4
Nov
81%
*111%
114
'
1,700
'
150
—
'
Jun
5634 Mar
24
34 Jan?
1%
*25%
"*52%
*112%
66
'
Jan
2834 Mar 11
3
5334 Feb
16%
1634
*106%
*147
27 Va
'
22%
5234
Apr
' :
V
1634
1,000.7 Chickasha
.
25 Va May
21
27
55
114
27%
120
100
•
jan
5
Chicago Pneumat Tool
$3 conv preferred
Pr pf ($2.50) cum div
Chicago Yellow Cab
•
'
3% Apr
Chicago
2,700
,
*
2%
94
148
*65%
1,700
>
16
3
5%
1,100
'14% 7
15% •-
108
35
-'
2 Va
'
*52Va
113%
27—:—
2Vs
'
*923/8
148
66
*14%
1534
*1061%
35%
-
>15
'
18
19
;
Apr
18% July
83%
13
11,300
42%;
"52
55
114
66
*51
"
*
8,000
5 Va
Jan
Nov
20
Class
6,000 *.
6,700 ?
v
Jan
9%
65%
Jan
7,600
'7
17V8
'
92%
148% 148%
114
*
14%
*7834
38%
114%
35%
15%
*41 y4
*155
112%"
6,700 '
53%
17
38%
;
86
149
149
*113%
—27
19
108
923/a
*52%
35%
112%
40%
*106%
■"
39%
*58
.7%
' 53%
59
104%
58%
17,500 ;
'
•
;
22%
'
15%
ru
'
2%
3
11
3034 Feb
preferred-.—
82
81
*16%
*155
*80%
113% -
*39
39%
7%
*155
86
113%
'
■
165
*80%
"
.;•
40 %
*155
113%
40%
8
*7%
*39
86
*39
.
"
165
*80%
-
,
40%
*39%
/
*25%
81%
16%
2214
52
.
2Vs
634
J
1534
"
52
;2Vs
300
22%./'22% 4-r- 7
-.'
•'
*
17
*14%
14%
15
'
1534
'<■
300
334 Jan
1534 Mar 16
80% Apr
22% Jan
Apr
Chain Belt Co
360
'7
12% >
<"16%
6%
54%
41%
*!.
Jan
Jan
Certificates of
300
;>
f:
30%
Oct
2034
1034 July
29 Va Nov
2% Jan
-
—
2 3 34 '
V4
i .15%
'•?
22347
*48%
2%
•
2234
"
'.
-
1534-
51%
553/a
23 34
1,280
May
49
Jan
19% Apr
10
44%;7->16744% V 44% \
' ■? b'V'7%
734 7,1
22%
42
-
6%
-V
7347- 7%
15y4
22V4
•1734
■>
•
2234
' 16%
•
44
-
i
18% 7
77*12v--
22%/
16%
■"
1234
22
41%
14%
*12
.
>*29
■
-
£109V,t109
<:n
221/4
*17%
15%
7%
15
i
-
30
23%
V2
*13%
2334
109
30
23 Vi
17%
*15
233/4
22%
i
42
16
6
30
:
58% 7
*17y4
22%
233/4
54%
73,4
153/4
*41
*16%
*29 V*
14%
6%
6%
.-
*108%
12 J/4
23%
'•
:
12%
*17'A
*
i
■
2334
108
108
12%
15%
15%
23%
■
-
>
;
30
8
8
15%
*23
23%
109
30
45%
45%
8
15%
*22%
*108%
12%'
*12%
•
n,
30% ti
30%
12%
u
109?.i
108%-
32
"
5834
*57
.
3,800 '■
75
Jan
33
Preferred
' 3,900
•
Jan
5%
29% Mar 13
Feb-
'
21%
—No par
100
'
5
58%
•
7
V
32
434
5 7 3/4
'
1,400
2,300
116
32
5
7
..
.934
116
3134
3434
-
1
3.400
:
223s
8%
41
6
146
—
Central
.
Mar 27
634 May
1034 Mar 13
-100
series
5%
40
Jun
234' Jan
Jun
104% Apr
Central Aguirre Assoc
22,300
11%
*2134
834
7
'
5
7 ?V
110
10%
22
*115%
7
:
'
'
59
,110
'
*23
8%
115
115
•
8%
V
23%
:
8%
110
11%
11%
23%
t
-.-t
Oct
1534
4
Celotex Corp
1.190
20
Z
17V4
20%
..
31%
109%
Jan
9%
28
52% Mar
35% July
Jan
May
Co_L——25
Rights
2,300
13% Mar 16
5% Feb
Jan
20%
16
7% prior preferred
7% 2d preferred
133,800
24%
105
28% Jan
Celanese Corp of Amer.,
240
'/a
11% ;-7v7
9
Ry—-100
5
Ohio
Caterpillar Tractor
5%
8
Apr
Apr
43 % Jan
Preferred
250
11%
&
Mar
30% Mar 16
110 Va Mar
17
10%
10
—
Steel
Case (J-I)
10
20%-
'
1
'
3,9007
11834
A
11%.
Clinch
.No
class
34
.
Jan
25
Co
Carriers & General Corp___
-13,800
-
__
*118
A
11%.
Carolina
'
-/ Carpenter
30
7
►'
325/a
$3 preferred A
100
9,100
:
„
__
"
"
,150
„
Capital
Z
700
-341/4 '
*1481/8
120jj;
11%
/
/
43/s 'r 43a '•
434
>'
120
830
•
r
2834
*28
34%
'
%
7 104%V104%
Mills™,
Administration
Cannon
500
7
i_.
18% July
29 V*
24% Jan;
California Packing.
—Nonpar
5% preferred
50
Callahan Zinc-Lead__
*—1
Calumet & Hecla Cons Copper
5
Campbell W & C Fdy
—No par
Canada Dry Ginger Ale_4
5
Canada Southern Ry Co
*100
Canadian Pacific Ry
500
'
' V
1
-
6,800
:
71/2 v
46
'
50
-
■
323/8
,
11%
(•
42%4-;
7
J.50
451/2
1.800
103
103
2,800
3,500 .i
834
*73/8
46
2834
*41/4
*148%
453/4
33%
425/s
7.
'
104
7
33%
v'.I
150
47
*28
•
t
71/2
*•
•'
•
38%
•'
.
1,100
241/4 7
834 ■'
'
43
*7%
28%
*36
8 34
*46
102%.,
46
••
33%
103V4
33%
148%
148%
,
.:V/
47
331/4
,
35
34%
'16'A
16V4
241/4
43
•7%
''
35
6%
241/4
834
200
'
A
%
6%
381/2
1,800
54V4 •
|;{
16Vt
; - -
47V
102%
29
*
6%
*36
83/4
43%
v-,
26V4
541,4
1GV4
38%
8%
* 25 34
13
237/a
I6V4L
24 V,
*36
39
2 5 34
56
•
6%
24
43%
1013/4
r/-•»
16Vs
;
8%
7%
*4%
6%
8%
47%
101
•••'
*37
9
44
*28%
-.-v.
U
6 Va
•
24%
*46
253/4
*541/4
10
16%
24%
44.
.
13
6%
16%
:'*7%
V
4%
-
6 %
25
8%'
•
'
7%
29
6%
*37%
•
101%
29
26
55
«
'
24%
:
47%/*
.
;
//■//
44%
?
*7%
*46
25%
56
116% May
54% Aug
Jan
67% Jan
3
20
Apr, 18
No par
Nov
Nov
Jan;
3
Nov
16
12% Apr
Butte Copper & Zinc_
——5
Byers Co (A M)__
—No par
Participating preferred
-100
900
123/4
76
May
14%
Jan
28
Jan
/
6%
10 »/4
118% July
97,4 May
1934 Mar 18
V 20% Feb 24
834 Jan
preferred
conv
76%
43
.
44
10
Jan
Mar 14
54:
_>100
Jan
Jan
3
834 Mar 13
21
Apr
4
1
4
634
104%
62% Mar 13
.
12% Jan/
par
27
Jun
19
2734 Jan; 25
107
Bush Tenn Bldg 7% preferred__100
12 5/a
20%
,
—
Butler Bros
20
n //:' 12
16%
;
■
8%
♦43
■
6%
<
25
38
'I
26%
v
U
16%
25
26
*55
•
%
6%
124
.
7% Apr
L.*.
Watch-!
Jan
734 Mar 13
47% Jan.-
par
*
76%
*20
No
14
10 Vs Mar 13
Jan
5% Jan
No par
i
1934 Jan
4
8'/a Jan
116
,.100
7
400 •'
Jun
22
''
•
8
43
7',7.
*55%
4
Apr
13
3,900'
,
1034 Mar 17
18
* 420 '
46
Nov
14% Jan
700
7-7
9%(
46 •:
,
Nov
3934 Jan
3,200
.62
9%
3
*76
"20%
62
453/4
93^
Dec
14 Va
45
Jan
8%
Feb
45%
3
13%
*60.
38 V*
11% Nov
20
2034
32
9%
Jan
23
33
40V4 Jan,.
'—.No par
Burlington Mills Corp_—
j—1
5% preferred
__^100
Bush
•••■
6%
28 %
Feb
42% Mar 15
500 (
2,300
750/
Jan
32% Mar 21
;
-
,'
2%
July
6Va Apr
28
323/4
4%
Oct
39
Jan-14
*313/4
4%
Dec
30
Jan
Jan
4
45%
28%
3 'W
791/2
79
20%
.:/
95/B
8% Jan<
4
43%
35
Jan
39
Jan:
8,300
Jan
27
Jan..
,
17
2634
21
16% Mar 13
18
.13
56% May
96 V4 July
51
July
Nov
51% Mar 17
<
17
12%
Jan
Jan
Vs
85
•38%
22%
Apr
40
1234 Jan
40% Feb
w__l
.12%
43/8
62
37 % Jan
No par
28% 1
21% Mar
534 Mar 22
Bullard
109%
Jun
July
Nov
17
3834 Mar 11
3% Jan
7001
27%
19% July
19
100
41
31 Va Apr
900
12%
;■/■
37
95
Jan
Jan
Jan
1134
29
52% Mar 13
•-
3
Z
109'•
9%
Dec
Jun
76
Mar 16
1534 Feb
34% Jan;
18% '
273/4
13%
Apr 10
16% Mar 31
96 '
.
4
183/4';
108
11%
3
185/a
43%
12%
-
1934 Mar
Jan
Feb
323/4
108
'
Jan
6%
40
—No par
(E G) Mfg—
preferred
Bulova
16
5 0 34 Feb
*18%
l"
'
•
Jan
121 Va July
1—No par
$5 preferred i
370 <
:
•
:
7%'3,300 ^
2734
88 Va Apr; ,18
46Va Jan
4
Budd Wheel
Buffalo Forge
'
8
18:
4
4
183/4
-275/8
108
4 V4
9%
28%
-/
3
>
27%
7
12 %
46%
*
29
3
27s/a
*106 V4
65
4%
10
*28%
>
108%
12%
13'
*631/4
•
'65
*46%
28
*107
107%
12%
4%
*631/8
273/4
28%
107-
__15
preferred—
Budd
/ 7%
40 7
57"%
*7%
1%
;
10,000 '
.-.
-116%
57 Va
Bucyrus-Erie
.
Jan
2834 Jan
;
i__l
Bruns-Balke-Collender_
'
110%
33% Jan. 26
par
—5
Brown Shoe Co—
,
Jan
1314 Apr 20
45
Jan 26
5
4,400
>
6% V./
'
*107
'
'■
9
6 Va
•
18Va
"•
19%
16
141/4 Mar 14
Nov
Sep
15
9% Mar 18
3
93 Va Mar,
No par
Bristol-Myers Co
Brooklyn Union Gas
100''
54
Mar 11
No par
18%ls-400
9
'
7Va
*18%
/
19
Briggs & Stratton__
6,200
*1183/4' 120
6%
59%
20%
.
Apr
3
1,200"
/
Jun
69%
16% Jan
600
*173/4
•'/
'
59%
•
4,600
42% :
7
9Va
120
6Va
45
20
18%
8%
120
3,900-
'
30
413/4
*41%'
42%
*173/4
8%
6%
■/!■•'
20
*11834
6%
9%'
«
41-3/4
44%
7
17
Mar
(assented) LlOO
Bower Roller Bearing Co_^
l.__5
Braniff Airways Inc
_____2.50
Brewing Corp. of America!
l„15
Bridgeport Brass Co.^„™_No' par
Briggs Manufacturing—1—No par
___
Jan
par'
_JVo
1
8%
42
5
Corp—
July
24
Boston & Maine RR
500
; 6,600'
///>-"
200;
293/4
7%
18% : 18%
*32V8
4$;
18%
198/8
*41%
9%
6%
7%
*19
173/4
19 Va
41%
18 V?
1191/2
9
*118%
6%
59%
42%
18 '
18
9%
119y2
*117
20 %y
*41%
!■'
18%
9%
*118%
6%
'
49
93/4
30
41%
20%
Borg-Warner
.
14%
14%
*48
9%
31%
44%
4,000 .'
Nov
38
371/4 Feb
100
_*
;
Bond Stores Inc
Borden Co (The)—
1,500 ^
6,200 '
,
4
*41%
*41%
:
36V4
30 Va
class A—
Class B
57.
Jan
i62% Mar 16
5
Bon1 Ami Co
1734
Feb
22 34
119% Apr
No.par
,
1334 Mar
5434
2
734 Jan?
$ per shtre
24
4
Bloomingdale Brothers
50
Mar 13
par
No
share
per
19%'Mar 22
20
561/4 Jan:
Highest
'
39 Va Mar 25
56% Jan
1153/s Feb
Bliss & Laughlin Inc_.
70
36
49%
:
10
par
Co-_
,19
4
100
Blumenthal & Co preferred
Boeing Airplane Co__
Bohn Aluminum & Brassl
'
1,100"
1
48% /
'
.10
'
89%
48%
153k Jan
par
Blaw-Knox
6,600
46%'
*88%
'
'
353/4
■
14'/4
49%
:
48%? '
30V4
;
*89Va
*48%
14%
"48%
-
1
;
Lowest
$ per share
53% Apr 21
3334 Jan 28
par
(Del) —No
preferred
Bigelow-Sanf Carp Inc
No
Black & Decker Mfg Co
1-No
Jan.
17
par
;
,'*
•
135/s
*465/a
No
—No
Year 1943
Highest
S per share
>
'
*38%
38%
14%
10
36%
*48
:
31
35%
89
89
/'
36
30%
•
4
*36%
48%
V
48%
Loan__l
Co
t
16% '
98Va
'
*48%
Indus
'Par
7%
3,700 f
'
17% '
*15Va
'
•*96
4
Bethlehem Steel
1
•
?
.,
Best Foods
'
1,100
,
8% !
17%
I6V4
*96 ;
-
Best &
1,100'
'
Range since January 1
Lowest
Pr pfd $2.50 div series '38_No par
.
.
6,800 6,600'-i'^
'
?
/
-
Beneficial
1
200
119
39V2
m
500
100
173/4
57%
49
'
>
/
-
.
39%
17%
8%
17
37
' *117%
118
*393/a
40
17%
53%' '
'.
'
V
EXCHANGE:
-•
Shares
f
17%
173/4
118
}
Range for Previous
NEW YORK STOCK /
/
the Week
-
537/a
*35
58V4
573/8
'
Sales for
"
$ per share
17%
5434
57
18'
-
*17-
*15
48%
17%
*117%
401
8%
18'
*92
%
$ per share
*34%
A
58%
118%
40
April 21
*53%
35 %r
•: 17%
18%
57%
581/a
/"'llB"
118%
18%
58'/4
118%
' *.
Friday
April 2(1
17%
55%
.
35%
36% •
58%
*18
1734'
Thursday
"
36%'
•
■'I
Wednesday
April 19
$ per share
.•
<
$ per share
*17%
119 V4
119
•'
.
17% "
V
18%
;
April 18
:
,
*17%
*54% >55%
*35% "37
-
VTuesday
April 17
1653
108
Jan
1334 Nov
2%
1934 July
19
Sep
19% Sep
Jan
3%
■
Jan
*
18% Mar 21
3
Jan
1734
Sep
2.50
;
26% Jan'
4
29 % Mar 23
1534
Jan
2634
Dec
2.50
25% Jan'
4
29 Va Mar 23
15 Vz
Jan
26%
Deo
RECORD
NEW YORK STOCK
AND HIGH
LOW
$
$ per
$ per share
/
share
41%
4%
84
84
84
x803%
81%
75
15%
16%
76%
76%
88%
17%.
X75%
75%
*743/,
75
,87%
89
*87%
88%
*88
*86%
:
89
89
89
17%
18
18
41%
41%
42%
40%
40%
40%
40%
15%
;
9%
*9%
27
28%
,*106%
3%
3%
3%
9%
27
27%
26 3%
9%
105%
105%
105%
3%
3%
3%
*18%.
18%
18%
9%
9%
9%
28%
28%
13%
12%
13'%
12 %
12%>
12%
12%
20%
*19%
15%
15%
15%
14%
15%
14%
14
16%
16%
16%.
17%
15%
16%
15%
15%
48%
*47%:
48%
*47%
104%
104%
8%
109
35
35%
34
11%
11%
11%
10%
45%
45%
45%
45%
200
480
Consumers
22%
8%
8%
108%
107 ft
107 ft
*107
34%
34
;, 5%
5%
5%
5%
5%
5%
30%
30%
34%
11
ii
45%
45
34%
11
34
*10%
44%
45
•7
5%
5%
5%
5%
30%
30%
30%
30%
30 %
30%
*25 %
26
*25%
26
25%
25%
24%
25%
*24%
25%
*251/8
*13%
14
*13%
14
13%
133%
13
13 ft
12%
13 ft
13 ft
*40%
42
40%
42
40
41%
11%
11%
11%
47%
*47%
48%
*473/i
41%
11%
11%
*11%
49
*48 ft
16%
16%
17
*17
18
17%
17%
16%
17%
48%
48%
47%
48%
47%
47%
47%
47%
x47%
54%
54%
54%
54%
54
543/4
54 y8
54%
54%
179%
179%
*178%
179%
*5%
5%
5%
5%
108
108
23
23
*23
23%
2%
20%
22%
20%
20%
107 ft
107%
22
23%
/;
5%
19
18%
18%
17%
18
17%
17%
17%
17'%
17%
17%
30%
30
30%
29%
293/4
283/4
29%
293/4
29%
*29'%
29%
1,600
46%
*45
46%
46%
45%
45%
46
46
46%
200
16
16
16
16
16
4,300
-V-
*99%
100
100
15%
16%
16
16%
16%
15%
16
99%
99%
99%
,303/4
31%
30%
31
29%
' 78%
78%
78%
78
24%
24%
29%
24
.
24
24%
13%
13%
13%
*119
150
*11.9
*11518
*25%
91
25%
26
*21
23
*119
150
*115%
116%
12%
13%
25%i
24%
*21
24%
*104%
107%
*104%
5%
5%
5%
42%
16%
16%
*7
*105%
5%
99
16%
16%
163/4
16%
16%
16%
7
*19%
25
13%
*112%
114
33%
323%
*183%
19
1.8%
29%
29%
29%
8%
8%
8%
19%
56
*52
57
33%
313/a
30%
33%
31,
39
39
39('j
*31
39
39
.15%
^
15%
32%
98
*16%
16%
44%
44%
39%
39ft
23%
49%
*116%
118%
107%
107%
30%
30%
j
23%
22%
,
50
116%
103
*30%
31%
*9%
9'/a
9
*12%
13ft
.*13
8%
*12%
*117%
142%
120
144
144%
144%
127
127
127
126%
118%
118%
29%
.
9ft
13%
*117%
120
'
16%
44%
49%
39%
32>%
*95%
97
*16%
1$%
44
44%
38%
39%
22%
22%
48%
49
117% 117%
107% 107%
31
118% 118%
127
31
9%
13%
120
144%
127
37
32%
18%
27%
"19%
39%
1<£% V".'14%'
14
J33
*95%
97%
7
,,
,
30%
95%
*16%
*44
8%
31
95%
16%
44%
38%
38%
21%
22
47%
48%
116% 117
107% 107%
28'/a
29%
8%
8%
12%
12%
*117% 120
141% 143
*126
127%
118% 118%
*118% 119
*54
323/4
30%
38%
56
33%
14%
31%
22 Va
,
.
213/4
.
*7
*19%
/13%
25
14
37%
31%
97%
16%
44 ft
38%
22%
48%
116%
108
29%
8%
12%
120
142%
126% 126%
*118% 118%
14%
31 ft
% *95%
*16%
•
1,600
50
900
4,900
'
,
-
,
34
27%
8
19%
*54
*32¥4
30%
*38%
*
"
19
28
900
V
400
21.800
17,500
7,500
•
8%
19%
56
—-
510
1,000
300
33%
30%
39
1,600 *,
3,900 .
100 ,"
100
560.;
3,300
5,700 ;
2,900
1,100
900
2,300
4,500
300
14%
31%
97%
16%
44
44%
37
37%
21%
22%
48%
48%
115% 115%
.■
.
107% 107%
29%
29%.
8%
8%
12%
12% ■•
*117ft-.-120
/
141% 142%
126
126ft
•
.
v
;
■
\
—-
4,900
900
118% 118%
160
106
3% Mar 21
-1
21% Mar
No par
pfd
100
25
18% Jan
3
223/a Feb
23
17 %
Nov
27% Mar
43/a
Jan
7
Jan
43%
*17 ft
43%
18
38%
38%
10%
10%
4
4
4ft
,
10%
84
*39%
4%
88
*83
4
*3%
■
4ft
*87
40
%f
lulA
■u<U
.'. ihM
4ft
87%"
mj74
*17
17%
J8%
38%
38%
38%
38%
38%
*38%
39
1,000
Electric
Auto-Lite
^0
10%
10
40ft
10 ft
10%
10 ft
10%
5,300
Electric
3%
3%
3%
600
4%
8,600
Electric Power &
85
84
85 ft
4,700
81ft
82
79%
81
1,700
$6
*39%
40
40
40
1,000
81
40
39%
40
39%
39%
30%
30%
30%
30%
30%
30%
61
61
61
60
60%
60
60
107
106
106
4%
30%
30%
30%
2,200
60
60
1,000
Endicott Johnson Corp
107
190
106%
106%
*105%
11%
12%
11%
11%
11%
12
11%
12%
96
96
97
97
95%
95%
96
96%
95 ft
96
95%
96
850
98%
99
99
99%
98%
98%
98%
98%
98%
98%
98%
98%
860
99%
99%
For
101
%
footnotes
101%
%
see
%
page' 1671.
101
101%
tt
%
101
101
preferred
60%
12%
99%
100
%
35,300
890
2,000
27
10
Mar 10
x4%
Jan
11%
Jun
109
Feb
96
Jan
110%
Sep
26%
Jan
36%
Jun
10% Apr
7
13% Mar 16
Electric
4%
Jan
15%
3
40%
Jan
49%
Sep
4 Vb
Jan
7 ft
May
22
25%
Jan
37% July
28 ft Mar 13
18 3%
Jan
273/4 July
x9%
Jan
15
45
Jan
53
13%
Dec
37
Jan
53%
Jan
Jan
46
7
3
29% Apr
14
33% Jan
19
Feb
19
15% Mar 15
38 ft Feb
29
43
preferred
Public Service
preferred
preferred
$6 preferred
tEquitable Office Bldg
$5%
Jun
13
.10% Jan
47
4
13% Mar 20
'
3
44% Jan
Jan
4
19% Jan
11
50
Mar 20
15% Jan
Mar 15
48% Apr
13
58% Mar 14
10
Feb
183
47
Jan
3
6% Jan
22
2%
6
3'/a Jan
22
%
Jan
22% Apr
8
1863/4
6
Jan
1% Jan
5
18 3/4 Feb
7
104% Jan
20
20
Jan
16% Jan
Sep
May
2% May
223/a July
14%
Jan
95
Jan
Apr
24
16%
Jan
23% Mar
Jan
23 Va July
6
9
21% Mar 16
3
1
Mar 14
109
3
Apr
61 Vb May
Dec
173
29
Apr
Aug
17% Aug
108%
Aug
1
34% Mar 22
18%
Jan
31
Oct
45
Jan
3
47 VB Jan
27
37%
Jan
47
Oct
15% Feb
9
173% Mar 20
11%
Jan
17
Oct
97 ft Jan
20
Mar 14
81V2
Jan
333/4 Mar 16
27 ft
Dec
99% Aug
38
July
Nov
82% July
100
28
Jan
4
69
Jan
4
80% Mar
20% Jan
3
283/a Mar 10
9V2
Jan
13% Mar
7 3/a
Jan
14%
Jun
Feb
115%
Dec
Jun
113/4 Feb
10
112
Jan
Feb
18
22% Jan
4
101
Jan
5% Apr
0ct
4
18
Jan
26%
Jun
11
100
Jan
1%
Jan
30 y2
Jan
20
47% Jan
12
19
6% Jan
118
-
i
5
No par
100
.—4
2
3
3
ri
I
No
No
No
No
par
par
par
par
45%
Dec
9% Apr
Nov
24% Mar
3
96
•
Feb
119%
Nov
4
15%
Jan
263/4
Jun
7% Mar 20
3% ,Jan
7% Oct
14
17
Jan
19,
12
Jan
19
Jan
116
Jan
113% Apr
17
Sep
5%
14%
15% Mar 10
20
18
Dec
7
24% Mar
Mar 17
Oct
75/a May
116
Jan
117
4
Jan
17
107
Mar 23
17%
13
3
12
108%
Mar
Jun
Jun
5
26% Mar 13
10
Jan
18
41% Mar 22
26
Jan
18
35
13
29
Jan
36% July
Mar 10
12
Jan
20 % May
32'% Jan 17
17% Jan 3
17% Jan 3
5% Jan 12
18% Feb 3
52 Jan 5
29% Apr 18
30% Mar 31
38ft
13% Jan
x27% Feb
95 Apr
15% Jan
43% Jan
33% Jan
21% Mar
47% Apr
115ft Apr
253%
106% Feb
10
Jan
10%' Jan
6
Jan
6%
106%
12
21% Jan
19% Apr
13% Feb
xlll% Jan
21% Apr
36ft Apr
92% Mar
Jan
5 ft Apr
115
3
63/4 Jan
41 % Apr
223% Aug
19
24% Mar
21
21
16% Jan
105
Apr
117
4
Apr
98
8
29% Mar 15
4
22% Jan
X66:
9
115% Apr
25
106*
2
Engineers
$5
Oct
6 Va Mar 13
18
5'/a Jan
24% Apr
9
'38% Mar 16
Dec
27% Feb
Am shares
30 ft
12%
Jun
100
2
:
*59%
12%
233/4
4
(The)
Storage Battery
El Paso Natural Gas
12%
102
Co
$7 preferred
30%
%
Elec & Mus Ind
4
84%
80 ft
105
4
4%
84%
83.
107
*3%
4
4
4
Jan
4
Bros Stores Inc—
84
81
,
*3%
16
42% Feb
No par
No par
1
1
pfd
100
No par
Boat
4%
23% Mar 28
No par
No par
100
100
10
—100
100
30
—5
—.100
No par
Edison
17
3%
.4
15
107
5
800
17
,
Jan
53 % Apr
preferred
43%
61
101
cum
17
85
107
6%
Dec
89
47%
No par
Kodak Co——
Eastman
Aug
2
175 ft Jan
Eaton Manufacturing Co*,
17
39%
107%
10
16
18%
,
No par
No par
900
43%
30%
*106
1,100
Feb
7% Jan
1
1
43 ft
43 ft
43
83%
*83
160%
180
43%
86
86%
43 ft
104% Feb
Oct
Jan
25
Mills
43 ft
17 ft
10%
180
182
Rolling
Eastern
17%
43%
38
*160 ft
161
160%
*180
5
20
Corp——1
Co—
20
Eastern Airlines Inc
900
161ft
102% Jan
Sep
29 3/8
333%
X20
Jan
Sep
July
8%
Jan
17%
3ft
Jan
Mar 23
16%
Jan
10% May
22% July
20
56% Mar
3
36% Mar 23i
32% Jan 31.tv
41
Feb
8y
40
Mar
Jan
35% July
Jan
33% Mar
37
' Jan
42ft, Nov
8%
Jan
21%
Jan
83%
Jan
16% Feb 24
10
Jan
44% Jan
Jan
Apr
17%
25
100
48%
Dec
26
15% Apr
6
35% Mar 27
29
14
3
5
17
35%
100
May
Oct
Dec
16 ft July
8
38%
Feb
45
July
41% Apr
5
22%
Feb
34
Dec
25% Jan
17
15%
Jan
25%
57% Feb
25
44
Nov
73% May
Jan
5
122%
109% Mar 31
4
28
20
131
Nov
153
Xl06%
16
Sep
May
Dec
107%
Dec
Jan
35%
Jun
5ft
Jan
10 %
Dec
13% Mar 17
9
Jan
13%
Apr
5
115
Jun
122%
148% Mar 13
128% Mar 24
120% Jan 20
106% Jan
134
Jan
159 ft July
124
Dec
130
115%
Dec
121%
34% Mar 13
12% Feb
117
33 ft Apr
8% Jan 3
87
Jan 3
89
Jan
3
92% Jan 10
& Apr 21
,43
9% Mar 22
11
101ft Jan 19
24%
31% Mar 27
39% Apr 19
27% Feb
7
57% Jan 25
Eagle-Picher Lead
1,600
182
21
No par
^3
50
.—100
2,500
8
160%
21
48% "Feb
83ft Jan 13
79% Apr 21
11%
34
*7%
*180
17% Feb
4
No par
No par
11
33%
162%
29
Jan
Llght-w^.—No paf
11%
34
7%
182
Jan
Feb 28
11%
33%
7%
162%
16'% Mar 10
4
15
45
Jan 20
11%
33%
*7%
*
12% Jan
8
24% Nov
39
10%
33%
8%
*180
Feb
July
3% May
3,9 ft May
Nov
Jan
12
lift
34%
7%
164
2%
105
7
9'/a
73A Jan
24
9
Apr
11
>
18
6% Jan
3
157
Feb
7
175
Jan 24
41
Jan
3
17
Apr 19
37% Jan
4
10
Apr 18
3% Jan
4
4
Apr 18
11%
33 ft
8%
183
Jan
Sep
6 3/4
243/8 ju]y
Jan
7 s/b
Jun
109
Jan
%
2
203/4 Feb
10% Feb 28
11%
34%
8%
...162%
91%
4y8 Mar 23
5
13
10
lift
34%
8%
.*180
; i;t 43 %
,.,l, 17ft
.,:i 38%
Jan
11
21
7
28ft Jan 21
8% Apr 19
ll7/a Feb 11
116% Mar 28
T37 Feb 7
124% Jan 11
117% Mar 20
11%
181
90
Jan
No par
—100
No par
Class; A
—No par
Doehler Die Casting Co—1—No par
Dome Mines Ltd—
—No par
Douglas Aircraft
No par
Dow Chemical Co
No par
$4 preferred series A—
No par
Dresser Mfg Co
No par
Dunhlll International
1
Duplan Corp
No par
8% preferred
a.
100
Du P de Nemours (E I) & Co
20
$4.50 preferred
No par
Duquesne Light 5% 1st pfd
100
35%
164%
Nov
15
23/4 Jan
16% Jan
Diamond T Motor Car Co
Distil,Corp-Seagr's Ltd
• . 5% preferred———
Dixie Cup Co
8%
*179
Jun
24%
102 3/b Jan
No par
Preferred20
Deisel-Wemmer-GUbert
10
Delaware & Hudson..
-100
Delaware Lack & Western
50
Detroit Edison—
20
Detroit Hillsdale & S W RR Co__100
Devoe & Reynolds A
.—No par
Diamond Match
No par
.f,6% jpartic preferred
25
lift
*163
25
Jan
24
Inc
*34%
7%
11
Jan
Jan
Davega Stores Corp
8
5% preferred
—
25
Davison Chemical Corp (The)
1,
Dayton Pow & Lt 4%% pfd
100
Decca Records Inc
-1
Deere & CO—
No par
400
—
38
*32%
*18
32%
30%
38%
14%
7%
Jan
10%
Dec
(The)
Cutler-Hammer Inc
1,200
*112% 114
24%
24%
56
14%
31%
• *95%
16%
44 ft
37
21%
47%
116
107%
29%
8%
12%
*117%
141%
•
22
2%
17%
12
107
27
25
Prior preferred
Curtiss-Wrlght
Class A
1
Cushman's Sons Inc 7%
6,900
16%
10% Mar 23
29 % Apr
3%
1
$7 preferred
140
23,200
July
10 '/a Feb
Curtis Pub Co (The)
1,200
-
27
15.ft Feb
preferred
4'/a %
___
-i
-
Press
Cuneo
21,300
1143/4
*111
114%
*7
7%
*19%
25
13%
13%
*112% 114
"
*24% 25
'36% 37%
33
33
18% 18%"
27%
28
7%
8Vb
19%
19%
"
243/4
*38%
t
xl6%
17
22
22
18%
26%
7%
19%
*54
323/4
31
8%
193/a
34
31
144%
7%
19%
34
31
*116%
18%
29
100
*111
1143/4
7
7
*19% ; 25
"13%' 13%
*11234 114
*233/4
36%
32%
*32%
183/a
26%
'
*53
'*38%
116%
..
245/a
37%
8%
19%
*107%
14
32%
323/4
183%
29%
7
233/4
36%
25
*323/4
*49%
22
7%
25
42
♦111
22 v.
*99
101
42
22%
22%
38%
23%
100
1143/4
*111
114%
38%
15
7
.
.5 ft
37%
19%
100
41 %
5%
373/4
44%
5%
98
*24%
57
<
107% 7
41%
25
♦39
5%
5%,
5%
*24%
*16%
*104%
107%
5%
41%
14%
*95%
*104 3/a
5-%
112%
34%
2,000
.
41%
14%
33
r
24%
5%
.1123/4
33
.25ft
*23 ft
5%
7%
14%
15
*24 5/a
24%
5%
114
193/a
24%
42%
103
102
*1123/4
*34
24%
.'
:
,
200
*23 y4
5%
:.
,
5%
*19%'
*53
32
'11,500
,
116
4
1073/4
5%
800
7,
150
*115 55
42%
22%
25
143/8
*119
116
5%
*111
7%
*19%
150
24%
107%
43
.
22%
*22%
13
16%
5%
115
*111
24%
900
13 ft
*115
24%
5%
■
105
43
43
5%
*21
13
4,000
f
77ft
23%
*119
115% 115%
24%
253/4
*76V2
*23
5%
,104
108
*105
V:
-
30
30
77 y4
23%
123/4
12%
*104%
107%
5%
116
•
150
*119
150
*115%
116
123/s
13%
29%
77%
23 VB
360
99%
23
78 Va
23
993/a
99%
293/a
30
773%
*
99%
99%
*99
78%
23
31
78%
*45
46%
*45
Jan
1 % May
303/8 Apr
Crosley Corp (The)
Crown Cork & Seal
• $2.25
preferred
Crown Zelierbach Corp
$5 conv preferred
Crucible St.ee) of Amer
5% preferred
Cuba RR 6% preferred
Cuban-American Sugar
7 % preferred
,5%%. conv preferred
Cudahy-Packing Co—_
1,300
*30%
Dec
21'/a
10
15%
•
preferred
82
4
Co...
conv
Jan
24% Mar 11
,
10
100
Corp
Jan
3
Fibre
Trust
&
36%
26% Apr
3
3
5
Refining..
Cream of Wheat Corp
800
*18%
% Jan
87% Mar 11
Jan
Inc
Crane
250
22%%,;.
3
Sep.
Jun
July
3
_
Coty Internat
11,400'
•%
22 ft
'
Coty
300
108
108
22%
*22 ft
22
Products
Preferred
1,100
2%..
21ft
20¥a
21ft
108%
Exch
Corn
10
5ft'
*2 ft
1
Jan
Jan
pfd—No par
Electric
Bank
Corn
3,300
179%
5ft
2%
*2 ft
% Feb
79
No par
of
Cornell-Duciller
2,100
v
.
16
Mar
%
12
Motors—....
Oil
$50
54%
5%
*5%
%
47%
54 ft
*178
179%
*178
5 Va
107 %
109
109
108%
23/8
2%
213/a
20%
21%
21%
21%
*2%
2%
2%
2%
*2%
21%
108
5%
5%
5%
179%
*178
179
*178
46 ¥4
48
54 3/4
20
;
.
Jan
16
18
4
Corp—..—No par
prior preferred
No par
Copperweld Steel Co
5
,' Conv pref 5%
series
50
1,200
17%
9%
14%. Apr
23
$3
180
V;
48%
7
Jun
44
17
Bessemer
Cooper
1,500
11%
*48%
163/4
*17%
40%
*40%
.
lift,
.
Jan
Continental Steel Corp
500
,
293/a
Del
Continental
ft
48%
11%
47%
*40%
40 ft
40%
*fll%
11%'v
48
13
11
July
107ft
11% Jan
Insurance—.
Continental
¥
26 ft
,45% Jan
3
10,700
:
15
10
14,200
30%,
44
Jan
40Va Feb
32% Feb
Continental Diamond
41
Jan
10
106% Jan
Continental
Jan
25%
106% Jan
20
—5
$2.50
_i.I
5
1,600
1,900
•
5%
5%
30%
30%
11%
11%.'
45
30 y2
104%
11
-1
Inc
Can
19% July
Feb
105
100
Continental
Jan
9
Mar 16
Apr 19
44<.
41% Mar 18
,3 '!
98 % July
No par
preferred.
8%
100
3,100
34%
ft;
'i 45
39 Ve Jan ' 25
37% Jan
Oct
Jan
23
of America
.20
Continental Baking Co—..—No par
5,200
;
1 .108%
*11
V
%
;l$%
Sep
73
3% Feb
50
$4.50
Pow
26,
77 %
21'/a Feb
Container Corp
3,100
22%
8%
16% Feb
Jun
Jan
Jan
79 y2
,9fl% Mar 25
5ft
40 y2
37
9
Mar
Highest
$ per share
Jan
5
preferred
46%
104%
.22%
Cuba 6%
of
RR
46%
8%
pfd—
conv
.
103%
103ft
22%
45%
$1.25
$2.50
8%
11%
45%
•*47%
Consolidation Coal Co
22%
35%
11%
30%
Consol
4,300
22%
;
;■
34%
35%
3,100
♦107%
9
*107
103ft
.
8%'
23
9%
109
*107
109
i6%;
47
*46
46 %
14%
16%
14%,
400
14
1%
6
par
No
Vultee Aircraft
Consolidated
7,200
Feb
104% Jan
5
Gas—-15
Natural
20%
*19%,
14%
16%
15%
84
27
;—
Industries.,
Consolidated
80...
20 % Jan
—100
Y
13%
13
20%
19%
*14
ft
104
104
104%
22%
20'.
46%
48
104
.
23%
9%
9%
9%
*107
..
193/4
20
*19%
20
23
v
2,800
11,500
„
85% Mar 14
7
23
$5 preferred-
Film
3
Feb
8% Feb
Corp
N
Jan
70
$ per share
5% Mar
21% Jan
$2 partlc preferred
Consol Laundries Cofp——
1,800
28%
•
Consol
,%■ 3,100
9%
28 ft
15%
23
18%
18%
9%
28 ft
9%
I,,
1,900
:
3%
of
Edison
3
76
No par
Consol Coppermines
Consol
r
preferred
prior
.6%%
16,700
v
18%.
28
9%
*19%
23
105%
3%
29 3/a
9%
;
13%
104%
105%
;
3,400
3%
21%
28
'
9%
13%
*104%
3%
21%
29%
9%
29
13%
*47
2,400
80
i
% Feb
243/4 Jan
Consolidated Cigar
•
4
$ per share
share
No par
No par
Congoleum-Nairn Inc
27 %
105%
3%
'
400
1,100
per
—25
Co
Conde Nast Pub Inc
10
103%
.
Edison
Commonwealth
23
*
27%
3%
19%
18%
19%
19%
6,500
*106%
106%
21%
3%
•W
*106%
3%
21%
29%
-
27
27
27%
21%
1053 a
25%
*9%
3%
3%
19%
9%
28%
25%
22%
21%
21%
29,500
5,100
9%
3%
104%
4
25%
21%
21%
*3%
{^.
80%
22 Ta
3%
3%
3%
%
9%
107
*106%
107
*106%
107
15%
80%
.
No par
100
100
No par
No par
No par
_10
100
No par
No pari
Commonwealth & Southern—No par
$6 preferred series
No par
Columbia Gas & Eleo
6% preferred series A
5% preferred
Columbian Carbon Co
Columbia Pictures
$2.75 preferred
Commercial Credit
- 4%% conv preferred™
Comm'l Invest Trust
Commercial Solvents-—
11,000
14,000
Year 1943
Lowest
Highest
$
Par
•
110%<■'•
15'/8
81
25%
23
;
Lowest
EXCHANGE
25,700
1,300
170
•
300
" ' 2,000
700
4,700
431/2/
22%
9%
22%
<
433%
U
80%
25%
9%
23%
105%
¥
4
*19%
9%
22%
39%
*108%
15
%
n
25%
26%
25%
14%
81
80 J/4
*
21%
105%
'!
4
14%
.
17%
43% '
39%
•
110%
43%,;
43
%
"
U
'
82%
105%
22
21%
*104%
%
28%
•
43%
14%
9%
28%
106% ,106%
423/4
23%
*9%
*23
23
*106%
43%
39%
110%
88 Va
43%
*106%
743,4
*87%
17%
17%
39 Va
15
81%
26%
25%
26%
26%
23
17%
43%
39%
43%
>/'■%.
83
83
■;
17%
44
14%
H
U
\k
82%
.
17%
,
4%
80 34
74%
39%
42%
15%
15%
15%
U
82%
81
43 %
111
*106%
"i;.
43%
43%
43%
43%
111
*106
110
39%
.
%
40%
*43
.
80
44
17%
17%
*41%
*106
4%
4%
4%
4%
Range since January 1
NEW YORK STOCK J
.
Shares
share
80 Va
4%
4%
4%
84
4%
75
$ per
share
84
4%
*83 ft
-
$ per
$ per share
per share
Range for Previous
STOCKS
Sales for
the Week
■
April 21
April 2(1
April 19
April 18
'April 17
April 15
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
,
,
PRICES
SALE
1944
Monday, April 24,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1664
Apr
2
9ft Mar 16
167%
183
44%
18%
41%
«llft
4%
Mar 31
Jan 7
Mar 17
9% Nov
31ft Jan
3% Jan
146% Jan
Oct
Aug
Sep
11% Dec
44% July
8% May
170 May
99ft Mar 3
94% Mar 4
.
184
Jun
45% July
5% Mar 6
Sep
Jan
Feb
Jan
Nov
Jan
lft Jan
31ft Jan
28% Jan
92
Nov
88% Nov
43%
31%
63%
107
Mar 16
Mar 8
Jan 22
Mar 15
Feb
Mar
Mar
Apr
X173
35
11%
30%
8%
1%
28
„
33% Jan
23" ' 23 ft Jan
13
49% Jan
19
Sep
39% July
14 Mar
5% May
6% May
42% Sep
X32
Sep
17
101% Dec
58% July
103% Dec
13% Mar 3
98% Feb 28
99% Mar 18
102
Mar 3
% Jan 12
2% Jan
**an
57 A Jan
62 /2 Jan
ft Jan
9'% Sep
Sep
92 /2 Sep
96
Dec
lft Mar
Volume
Number 4275
159
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Monday
Saturday
April 15
$
12'A
11%
12
58'A
58%
♦80 %
85'A
SALE
April 20
11%
11%
11%
58%
80 'A
85%
11%
11
11%
'
57
56'A
i
Friday
Thursday
April 10
11'A
58
STOCKS
Wednesday
$ per share
12
$
11%
10%
11
11%
54%
56
11%
11%
*11%
*7
*7
7%-
:
7%
10%"
10%
10%
10%
28%
28%
28%
3%
♦3%
3%
1
85'A
Si>>
';
28%
♦3%
♦801A
•
11%
11%
11%
»56%
85%
f
;
3V4
26,400
3%
Ctfs
36%
36%
22%
22%
22
22%
21%
22
11%
11%
11%
11%
10%
*16%
16%
16'
16%
15%"
15% <•-.
100%
100%
100%
100
:
par
9% Jan
'3
78% Feb
15
Cleaner
_5
6% Apr
19
5
9% Apr
18
3
21% Jan
—.2.50
Fairbanks Morse to Co
No par
Fajardo Sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp_l
Federal Light & Traction15
'
10%
10% .10% -V
3,100
Evans
28%
28'A
28%
28%
5,900
Ex-Cell-O
*3%
3%
3%
'3%
1,400
RR
7
7
7
1
Eureka
Vacuum
Products
Co
Corp
Exchange Buffet .Corp—
36%
36%
36%
36%
36%
v
21%
21%
21%
21%
.21%
21%
t
10%
11
10%
11%
10%
15%
15%
*15%
16%
100%
100%
*99%
100%
20%
19%
20%
*19%
20%
•'
17%
17'A
'*•
1,500
!
3,800
"M
11
18,800
'*15%,
•16%
v
600
100'
*99
'210
$6 preferred.™
21
*17%
20%
17%
'
20%
17%
17%
-20
20% f
17%
17%
20
*16%
17%
*16%
17%
6%
'6%
6%
6%
23% V
23 '/8
23%
97
96
97
.
■
Federal Min & Smelt Co
1,100
;
500
7
.<
23%
6%
23%
23%
*96
97
'
7
24
*96
%
6
6% !;v
23%:
x97
97
19%
19%
19%
18%
19
18%
49
49
48%
48%
48%
48%
42%
42%
42
42%
41%
42
.
6%"
18%
41%
41%
103%
*37%
*104%
104%
104%
1041/4
37%
37%
38
38
37%
37%
37%
37%
22
22 Va
21%
22%
21%
21%
21%
22%
*104%
106%
104%
104%
*1047/B
36%
36%
36%
*26%
27%
*6%
6%
*13%
14
21%
22%
■
57%
21%
-
27%
*6%
50%
13%
*13%
14
*57
57%
13
20%
21%
22%
22
22
14%
14
14%
91
*80
91
*32
32%
32
32
*33%
33%
33%
*108 A
108 §2
*108,»«
108 §2
103 %
103%
103%
103%
31%
•.
20
.
*108 ft
3%
3%
14%
14%
14
"
*26%
26%
26
26%
26
*17
17%
*17
17%
*17
51/4
5
5%
5%
■,
13%
53%
13%
13%
*53
12%
*11%
107%
107%
*106%
*44%
45%
44%
8
4%
9%
92%
*26%
108II
103%
*
uj
103%
108
3%
3%
14%
3%
17%
14
19% Feb
9
par
1041/4 Jan
13
par
341/2 Jan
13
'
26%
26%
26%
27
£
17%
5%
5
5%
14%
14'/8
53%
54
*'
11%
%•„: 11
10%
11
V;
*106%
108
11%
149%
43%
*
43%
*43
7%
43%
4%
4%
4%
4%
4%
4%
12%
13%
12%
12%
12%
12%
92%
26%
35%
92
25%
36
4%
13
v:
35%
25%
25%
149%
*149
#
-35%
/
91%
>"
120
r:
7%
1,500
*.
35%
35%
v.
25%
30,500
410
7%
25%
Jan
36
Jun
28
Jun
29% Mar
1
19%
Jan
8% Mar
8
3%
Jan
3
58% Mar
7
30%
Jan
9%
Jan
13% July
39%
Feb
54
18
Dec
Dec
15
301/2 Jan
3
Jan
19% May
Apr 12
15% Mar 7
16%
Jan
21
5%
Jan
15%
95
Jan
10%
23
4
13
70
50
Feb
75
29%
Dec
Mar 10
33% Jan
15
4
36
Mar 20
17
Jan
96%
Jan
105
2% Jan
3
2% Jan
4
12% Jan
5
par
25% Feb
Dec
Mar 31
20
May
Sep
38'A July
Jan
110
0
Jan
1%
Jan
9V8
Jan
14%
5
19'/a
Jan
30% July
29
Jan
7
18
3
5% Mar 13
1
3
54
Mar
11
13
7% Jan
24
Feb
Jan
Jan
14%
Apr
Jun
53%
Apr
102
Jan
107
Aug
37
Jan
51
Jun
148
Jan
11
Apr
5%
Jan
Mar 17
2%
Jan
15% Mar 16
81% Jan
7%
Jan
97% Mar
25 % Apr
General Electric Co
No par
35
Feb
General
No
par
41
Jan
No par
112
Apr
150
24
8
71%
20Va
Jan
30%
Jan
34
Jan
37% Jan
5
Jun
8% May
18% May
Jan
130%
Aug
9%
Jan
18
Mar 23
28% Feb
Feb
Jun
151
4%
6
Dec
9%
Mar
2
4% Jah
11% Jan
11%
Jan
134
14
10% Mar
140
Jun
14
8% Jan
8
100
6%
51
107% Jan
6% Jan
No par
2
47% Mar 13
4
19
143
—100
Oct
9%
Mar 22
Jan
43 % Apr
No par
Jun
4% May
3
14% Mar 17
Jan
10% Feb
•
4%
Mar 17
5
preferred
2V2
10
106
par
Jun
Aug
7
4% Jan
No par
31%
110
22
Mar
15% Jan
13 J/4 Feb
No par
preferred——
4% Mar 11
.4
51
5
-
20
16% Mar
50
Cigar lnc__
9% July
53
23% Mar 24
Jan
29% Jan
Mar 13
18
A
Corp
Jun
20
23
———No
cum
General
38% Mar 17
Apr
General Cable Corp
149%
25%
*148
149%
35%
35%
91%
92%
*91%
25%
149
July
22%
Feb
13% Jan
Ahier
Class A
109
Feb
General Bronze
1,600
.
•
91
92%
149
4%
13
Jan
Jan
1,700
■
Jun
Jan
20
2,400
%
39%
15%
16
Transportation
!
5
General Baking———————5
$8 preferred
No par
'■
9
Jan
Jun
Jun
July
97%
14% Mar 28
2,700
;
7%
9
43
Dec
Mar 20
60
™_No pair
Wood Industries Inc
1
Gen
Jan
31%
Mar 11
5
Co
$6 preferred
100
700
149%
X:
9
9
(The)
Gen Amer Investors
1.300
vr
'
19%
50%
25%
103
Gaylord Container Corp
5%% conv preferred
v
43%
7%
149%
9
*
Jan
Jan
Jan
10.7
;
Gar
300
■
*145%
7%
*145 %
149%
9
i:;
11%
108
*106%
8
*145'A
9%
10%
-
106%
43%
A
1,800
y'
41
5
100
5,700
5
13%
53%
106%
Co
78%
12%
42
23% Mar 10
531/2 Jan
...
(Robert)
Gardner-Denver
1
Jan
No par
1
-
cl
15
Mar 27
'.11% Jan
10
preferred
Gamewell
350
•
(The)
Inc
Co
6%
400
I
5 %
7%
Gair
*
*17
17%
Gabriel Co
5,400
'
"■
14
3%
1
107
3
6% Apr
—1
preferred
2,400
3%
3'%%
■
3%
6'A Apr
25% July
98% Nov
Apr
10
;
preferred
conv
18 %
Jan
25
Co
4% °[o
Feb
1
Co
Trailer
Dec
13
107% Mar 13
4
24% Jan
48
100
Nov
19% July
105% July
29% ,Apr
Jan
18%
10
pfd
Jan
3
98% Feb
103% Apr
35% Jan
No par
Freeport Sulphur
6%
86
12
25
par
Corp__—
preferred
May
11%
7% Apr
38% Feb
10
Mar
28
20% Jan
22% Jan
—100
42
Nov
Nov
21% Mar 17
Jan
20
Inc
Fruehauf
690
13%
36%
Nov
8%
49% Apr 21
43% Mar 22
Foster-Wheeler
prior
21
3
par
Francisco Sugar Co
30% Nov
24
Jan
Machinery Corp-
R*'
1
53%
:
Fair
Food
t
103%
14
7%
Food
8%
17% Feb
101% Feb
Jan
Corp
preferred—.™.
Stores
8
18
Jan
No
1,000
•
14
14%
*17
32%
5
Mar
21
14% Jan
1J0
100
1,700
31%
.
53%
36
%
17
No
F'k'n Simon & Co Inc 7%
*13%
44%
26
20
24% Mar 21
Jan
Steel
conv
38
14% Jan
™_JVo
Stores
400
580
*53
148%
3
21% Apr 48
9% Jan
3
_10
(The)
5%
1,600
3%
■:
3%
*14
92
26%
3% July
33% Jan
No par
Follansbee
91
103%
3%
*3%
3%
27%
149%
Jan
5
45
Florsheim Shoe class A
—
*108# 10815
108II
103%
13%
25%
29% Mar
4% Feb
4
No
14%
32%
5
*148
36%
22
*82
92%
27
147
35"%
4%
91
13%'
>
Jun
Nov
25
13
Florence Stove Co
6.200
21%
22
31%
108
/
20%
*14
14%
31%
27
9%
■
22
32%
*13%
108
*147
9%
4%
4%
13%
92 %
*140
14"%
*147
9%
21%
31%'
*17
7%
Jun
14%
17
preferred
National
700
57
32%
5%
44 %
8
7%
149%
*13%
Ins N Y
80
13
*55
14
*106%
45
9%
Jan
6
17% Apr
100
■-
53%
11%
108%
Jan
;_$2.50
Corp
$4.50 preferred
2,200
49 %
*12%
-
22
*82
17%
*53
12
*11%
13
57
31%
3%
13%
53%
;
*14
•
.
91
3%
26
■
14
103%
14
3%
Jan
3%
5%
29% Apr
19% Jan
900
<
6%
A
32%
3%
3%
9%
4%%
Flintkote Co
20
-
*27%
6%
49
31%
103%
14%
*147
*26%
6%
32V4
;
108S5
103
3%
*7%
1
36%
20%
>
20%
13%
*81
33%
*14%
53%
Enamel
First
800
*
20%
*20%
i
32
3%
3%
3%
f
'/"r"
89
33%
*13%
7,900
1,100-
27
*55
22%
78
68%
5
93
Firestone Tire & Rubber
••
1
*104%- 106
49%
13
56
14%
*5%
2.900
'
21%
*36%
6%
■
13
21%
16% May
52% May
15
1
Fidel Phen Fire
•"
•37%
36%
*49
56
22%
*80
49%
13%
15
'
Jan
Jan
8
par
100
preferred
conv
Ferro
♦
104
21
106
27
•6%
*48%
•
57
i56%
22%
3%
104
27%
6%
49%
*80
■
*26%
6%
*48
*14%
•
.
36%
*26%
6%
501/4
•
51
*56%
v
105
36%
27%
*26%
4%%
'
6%
"50%
105
36%
200
.
No
1,200
41%
f '
104%
42
22%
105
16% May
Jan
8
39%
3
No par
1,400
-49%
37 %
36%
1,300
>18%
49%
104%
36%
i-
18%
-
22%
36%.
97
49
18%
49
-
37%
106%
<•••
96%
''
97
23%
'
104%
$ per share
Jan
11
7
5
Federal Motor Truck—
Federated Dept Stores.
3,800
23%
23%
104'A
*104%
6%
'
18%
49
42%
*23
97
42%
19%
*48%
8%
13% Mar 22
13% Mar
2
Federal-Mogul Corp
'
7
Highest
per share
59% Apr
78 % Feb
2% Jan
No par
'
*20%
$
13% Mar 22
3
46% Jan
50
Pitts
Lowest
$ per share
4
100
&
10%
36
'
;
100
No
lnt
5% pref series A
Erie
•
*99
benef
9% Jan
Co
3,000
'4
28
3%
11%
■
of
$ per share
par
Year 1942
Highest
A
v
■
-No
common
6%
*3%
,
36%!
'
RR
10%
27%
37
36%
Erie
6%
■■IX
*36%
*6%
Par
2,800
56%
85%
Range since January 1
Lowest
Shares
*80%
11%
56
55%
*80%
85%
Range for Previous
STOCK
EXCHANGE
9%
7
10%
28%
&%
28
*80%
NEW YORK
the Week
$ per share
share
per
Sales for
,
April 21
"
*
RECORD
PRICES
$ per share
per share
12
12 A
HIGH
Tuesday
April 18
April 17
per share
$
AND
1665
98% May
32 Va May
148
Nov
39% July
'
41%
41%
*112%
2%
41%
114
'
114
2%
*117
*117
119%
42
42
41%
'
'
114
114
2%
2%
'
119
41
114
2%
116
,
117
!
114
' 2%
113
;
2%
*112
41%
*113
113
110
'
2%
6,700
r.
116
r
106%
116
118
3,800
114
2%
2%
2%
*116
118
41%'
42
41%
41%
114
2%
•
I.
.
120
$6
J
♦106%
106%
*106%
106%
106
106%
*105%
106%
*130
131 Va
130%
131 Va
130%
130%
130%
130%
58%
57%
58%
56%
57%
•: 55%
56%
129%
129%
57%
*128%
130
*43
129
44
7
19%
44
108
1%
1%
*20%
21 Va
112
;
1%
1%
2114
20%
*112%
115
1%
1%
81%
81%
*20%
20%
20%
20%
*16%
17
81 Va
81
24%
*16%
81
24%
24%
*21 %
22
""*21%
"'"*111%
113%
"
21
*20%
•
*101
102,:
10 Va
.
20%
!i101
83
13%
13%
*91%
24%
20
93
imd
20%"
*
«
20
T
91
19%
18%
10
>
"
47
*43%
1%
1%
1%
1%
3%
3%
3%
'3%
98'/a
44%
*98
100
44%
44%
100%
99%
98
44%
42%
42%
42%
*109%
109 %
109 Va
12%
11%
*107%
103'A
*107%
1%
1 %
1%
3%
3%
*16
47
98
42%
109%
4
3%
*1%
3%
41%
*109%
110
*109%
11%
107
1%
4
3%
33%
26%
*107
1% "
lV2
109%-
IIV4
108 %
15 Va
1%
4,300
3%
4,200
*35%
36
35%
35%
300
25
*24%
25
*25%
15
31%
-
15%
32%
26%
26%
15%
15%
30%
.
'
31%
26%
15%
26%
153
152
153
*151
60
*51
60
*51
46%
46%
47%
46%
46%
20%
20%
20%
19%
20%
19%
19%"
*11 Va
11%
20%
11%
11%
*11 Va
11%
11%
11%
*11%,
11%
11%
11%
11
4
*3%
139
4
140
11
3%
140
31%
31%
12,100
26%
5,000
*51
14%
12%
13%
12%
53 %
53
53%
51%
53%
51
44
153%
•
•
•
'44%
44%
-44
Rubber
Co
No
preferred:
8
25% Mar 16
6
23
Apr
Jan
par
1.
Co—:
17
7% Jan
3
x83
7r
Jan
18% Jan "-'4
1
94
Mar 25
59
Jan
48% Mar 28
41
Feb
2>
Jan
3
2 Va Mar 27
4
3% Mar 13
100
3
Feb
7
Jan
3
104
36% Feb
8
45
104% Jan
3
110
8% Jan
3
25
1
1% Jan
3
Feb
18
73%
No par
,—10
:
Co
32 Va Jan
3
preferred——
-20
Nor Iron Ore Prop—No par
Great Northern Rv
pfd—No par
Great Western Sugar
No par
Great
Preferred
Green
:
-—
Bay & West RR
100
100
24
25 Va
Jan
41% July
Apr
90%
Jan
108% July
4%
Jan
9%
Apr
Jan
101%
Dec
10'
13% Mar 18
108% Apr
80
10
1% Mar 15
It Jan
Dec
17
5
Jan
13% May
36% Apr
5
25% Mar 15
29%
Feb
37
24
Dec
26
13%
Deo
18
13
3
15% Jan
31
25% Jan
3
34% Apr
12
21%
Jan
24% Jan
3
29
8
23%
Nov
15
153
Mar
4
67
Mar
Apr
Feb
138
14
No par
19 V8 Apr
19
22% Jan
24
1,600
10
11 Va Jan
13
121/4 Jan
14
11%
—1
No par
11
100
123
•
2,400
Grumman
3%
1,000
Guantanamo Sugar
290
8%
13%
13%
32,400
52%
52
52%
5,300
*5
44 >A
44
44 V*
7,100
Gulf
Aircraft Corp
preferred
Gulf Mobile & Ohio
RR
tirpferred
Oil
—
No par
No Vnr
25
Corp
Apr
3% Apr
18
3
Jan
26
6% Jan
3
33
Jan
44
Apr
13^ Mar 13
Jan
154
Dec
65
Jan
'■
50
Mar 14
Sep
21%
Dec
13% July
17% May
2 Vv Jan
8IV2" Jan
4% Mar 10
150
Sep
July
Apr
32% May
27% Jan
31
5
Greyhound Corp (The)
5 % %
preferred
July
57# 'Sep
«an
14 # Jan
1
1 Jan
10# Nov
3
50 % Jan
142%
2% May
6% Apr
Jan
Jan
60
Oct
7%
14% Jan
143% Feb
Sep
8
17
Co Inc
45%
102
3%
12% Apr
43% Feb
L)
97 % Aug
Mar 21
1
(H
Sep
Jan
5
City Steel—
Jun
1% May
3% May
Jan
19
(W T)
48
•
Jan
24%
17
4% Jan
Grant
Jan
83
Feb
17 Va Jan
.8
Sep
85% Oct
22% July
■'
Jan
1%
48% Mar 22
3% Jan 20
9% Feb
9% May
May
Jan
14%
98
Dec
Jun
14 %
20% Mar 16
85% Jan
Jun
74
Jan
•
1
100% Jan
25%
Jan
5
17
2% Jan
100
Jan
Jan
Mar 22
40
Dec
July
23% May
4%
Apr
14
46
No par
—
24 Va
113
60%
83
11% Jan T9<~
!
Jan
Jan
14%
Jun
Mar 31
11% Mar 22
Jan »
69
par
No
F)
Hosiery
103
No par
Telegraph Co__—100
(B
23% Mar 16
8
Feb
15Va
91
Jan
108
Aug
Sep
23% Mar
Jan
15%
14
1%
59
Jan
16%
8
110
_1
Brewing
9%
60
22
14
50
(Adolf)
Co
17% Mar
88 % Jan
Jan
No par
(The)—
conv
Jan
Jan
19% Feb
115
Jan
19
99
Mar
15%
Nov
2% May
25% May
Jan
110
5
,
%
31%
Apr
par
100
Jan
23% Mar 20
20
112
Jan
X104
26
24% May
8% Jun
Jan
12
83
15% Feb 28
13%
M-%'
13
Jan
3®2
2 % Mar 21
3
100
&
'
-
131% May
Jan.
12%
5
-.5
11%
3%
19% Apr
113% Feb
11
12
22% Jan
20
4%
103%
No par
11%
11%
Apr
4
No
13%
5
Mar 16
23% Mar 13
19
Corp
Feb
'
14% Jan
Granby Comsol M S & P
II Va
*140
_
®09
1% Jan
10
1% Jan
51% Jan
1
'
Grand Union Co_
"11%
3%
13
112
100
No par
8
12
Granite
8,700
11%
Co
3
Jan
1% Jan
20% Jan
par
21% Mar 16
19
Apr
6% Jan
107
par
77 % Apr
Graham-Paige Motors
20
143
19
No par
1
1
Preferred
19%
11'%
Va July
Goodyear Tire & Rubb—
No par
$5 convertible preferred—_No par
20%
"-3"%
Nov
6
preferred—No par
preferred
20-
",•*140%,
39
-No par
Instru Corp
Gold & Stock
Green
•
Jan
Jan
—
$6 preferred
1,300
'
'
60
160
Feb
2%
par
46%
51 %
45
*51
Nov
130
Sep
17'/a
par
46%
13%
53 %
*151
60
July
1257/a
No par
46%
■3%
13%
155
July
56
8
No
Gotham
107%
137
Jan
4
No
$5
Jan
Nov
44 Va
11
No
Brothers
Goodrich
83%
128 V2
7% Mar
Gimbel
46%
.....
14%
3,600
125% Jan 28
21
46% Mar
5%
15%
26%
*151
13%
25
31%
60
11-
15%
26%
155
143%
3%
26%
*51
144
15%
-
31%
.
*46%
45 Va
30
35%
46%
45
.
300
60
45'/a
2,300
.•
1,900
153
45
900
16%
153
%
11%
11%
108%
6,600
11%
*45%
*3%
*109%
41%
*11
*51
144
110
41%
700
*15%
*24%
4
-
70
6.400
43%
3%
25
145
41%
■
'
;100
16%
*24%
11%
43%
100"
10%
25
*3%
r
3%
*24 %
*142
•
*15%
10%
25
*152
,;fc95:-;'«: 98% '
/•'
43%
Dec
3
Corp
Tire
4%%
Dec
3
preferred —
Gillette Safety Razor
$5 conv preferred—
tGoebel
Sep
3
120%
July
131% Apr 11
59% Mar 13
4
Jan
93
4% Jan
4%%
Gobel
10,300
110
119%
36% Jan
preferred
General
4
44% July
Jan
1% Aug
par
10c
Telephone
Time
3,300
!%' •: 1%
.
100
Gen
Glldden
46%
•"■-
General Shoe
Gen Steel Cast $6
General
5
113Va
par
No
General Refractories
1,700
3%
*24%
32%
300
:
191/4
10%
35%
26%
'"9i%
16%
36
26%
1%
1%
400
7,100
16
*35%
33%
*106
12,300
10%
36
23%
11%
11%
107
98
180
11
*35%
33 Va
43
41
36
%
100
2,000
>
10%
•
Equip Corp
Realty to Utilities—
pref opt div series
$6
3
3
No
A
Railway Signal
6% preferred
Gen
11
51% Feb
6
Jan
120% Jan
Mar 18
Public Service
6 %
e3Cfa, 83
As A
•
1%
3%
*35%
15
46%
•44%
1%
3%
-'•*95
300
:
16%
*16
15
J.9 %
'
> 1,200
i-c!^l-3%:;l3%
90%
19%
r
400
1,150
.
10%
17
15
90%
40%
1%
11%
11%
T
18%
•
v
1
.-21%
10%
.
93
43
107%
1%
10
100
■
I6.V4
r^ioi ^ -101
13%
.98
2,300
<24%
-
83
42%
1,100
-SO
'78%'
*21
4,600
^
1O:20''.'"20%'
20%
13
*99%
11%
107%
■
•
*-23%
•>
101
10
*"
13
■
-i^-111% 113
46%
*95
,
'-
..
16%.
•
24
•21%
113
*82
10
83%
10
;
1% "C
Jan
128
%'Jan
Jan
3
No
Adv
Gen
79
102
—-10
No par
preferred
Gen
1,100
-77%
'•
1%
44 Va
•
16%
79
3%
99 '/a
11%
18%
*44%
1%
3%.
1%
*16
11 %
*90
"•
19%
108%
3%
17
11%
91
109%
12
9%
12%
41%
109%
*11%
20
101
*81 %
43
42%
19%
101%
83%
99%
100
■
13%
,
*21
*111%
19%
101
10%
*81%
1%
98%
24
24%
101%
20%
101
3%
*1G0
78
21%
93
*45
*16%
113%
13
47
24'
<•
21%
10%
*46
v
16%
78%
1,400
•
115
'
.
*111%
13%
19
24%
•'
16%
77%
21%
102
*90'/a
-
113%
83
19
-
;■■■:
20
21%
13%
19
20%
20%
$6
Jan
100
Corp
preferred
Outdoor
Gen Precision
>.
43
117
10
No par
Motors
General Printing Ink
:
1%
*78
20%
10
.
3
17
2 % Feb
115
preferred—
Common
1%
*113
1%
79%
,'.v
$5
Gen
20%
20%:
79
113# 1^*111%
82%
1
"'•"
16%
115
1%
1%
>
2,000
111
1%
■
900
7%
;
*108
78
20%
80
*113
115
1%
*24%
22
%
1%
*113
5%
400
,
A
19%
*7%
7%
111*
20%
77%
.
19%
•19%
7%
*108
111
i
No par
preferred series A-No par
conv
General
1,900
*1%
1%
78%
-100
c,
20%
81%
*16%
•
r
6%
1%
80%
10 Va
/10%
*81
17
81
43%
20%
19%
"•.•'
128 Va
67/a
1%
115
//:'-•■ 1V2
128%
Corp
General Mills
70
26,200
i-
*41%
20%
21
,*113
1%
81%
Va
1%
129 /
300
131
6%
7%
*108
-
56% * 56%
43 %
*19%
19%
7%
110%
*106
*130%
56%
6%
129
6%
19
7%.
►—* O OO
1%
81%
*111%
19%
7%
*
108
',-21%
:
112
1%
;
106%
131-
*41%
42
6%
•
56 %
129%
42
7
19%
7%
*7%
.
,
111
*129
43%
6%
19%
19%
7%
*42
7 Va
■
19%
*7%
*107
129
*43
■
7
,
106%
*130%
-
Foods
\ $4.50 preferred
Gen Gas & Electric A
5
Jun
160%
Jun
15% Mar 20
3%
Jan
3
56% Mar 20
25%'
Jan
19
46
% Mar 17
44 %
Dec
22%
Feb
28%
35
Jun
38
10 Va May
-
41V2 May
50% July
H
*27%
27%
■*36 %
*27%
*27%
28%
^8%
*27%
28%
*
9714
28%
*27
28%
37%
*35%
37 Va'
37%
*36%
37 Va
*36%
37%
*36 Va
37%
*36%
*15%
16
*15%
16
15%
15%
15%
15%
15%
*11%
12%
*11%
12%
11%
12
*11%
11%
108,
106 Va
106%
107
107
,
For
*106%
footnotes
see
„
108
page
*106%
1671.
11%
*105
16
11%
109
16
*11%
*105
16
12%
108
Hackensack
7%
Water
preferred class
700
Hall
500
Hamilton Watch Co
40
6%
Printing
Co
preferred
27
A_
Apr
4
35
Jan
20
37 Va Mar
6
15% Mar 13
16% Mar
8
11
106
Va Apr
'
Apr
20
11
29
Mar 22,
Jan
17
107% Jan
24
14
„
9%
15%
Jan
104 Va Mar
Sep
Apr
18% July
12'A Jan
*
Jun
110 Va, July
LOW AND
Saturday
April 17
;
SALE
HIGH
April 18
>
|
.
Friday
^pril 20
April 19
NEW
Sales for
Thursday
April 21
*
share
per
104
-
$ per
,
106
16
16
16
147
150
*147
*6%
*63/4
*2%
*68%
71
23
*163
22%
23
'•
*78
133
783/4'
79
132
*63
*132
*132
63%
.
2%
.2%
103%
*
64 V4
64 V4
21
118
21
21
*21 '/a
21%
21
38%
38 Va
38%
38%
38%
38%
*14%
15 %
*14%
15%
14
14%
13%
14
v
14%
14%
*14%
14%
14%
*21
14
14%
*116%
*116
!'116
21%'
Yb
42%
41
42%
40 %
40%
43%
*43
43%
43
43
42
58
58
64%
109%
109 %
64%
41
14%
700
14%
9%
9%
9%
33%
33%
33%
32
*57'%
"
*109%
109%
cq
*57%
109 %
109 %
59
63%
63%
1,200
9%
9%
9%
9%
9%
33
31%
31%
31%
*31%
32%
1%
1%
1%
1%'
*1%
1%
*1%
1%
*1%.
1%
*7%:
8 %
7%
7%
*6%
7%
*6%
8
*7
24%
24%
24%
24%
24%
9
9%'
9%
9
lVz
1%
1%
*26%
26%
26%
26%
15%
15 Vs
15%
35%
58»A
35%
*35
355/a
8%
8%
8%
8%
8%
9%
1%
1%
1%
1%
1%
1%
26%
265/s
26%
26%
26%
26%
15%
13 %
'
13%
14%
14%
14%
143/a
33%
33%
34
35
34
33
33%
58%
58%
58%
57%
58
56%
58
56 3A
13%
13 Va
13%
12%
13 VB
125/s
12%'
12%
12%
*16%
17
16%
16%
353/4
36
36
36
*35%
'
165
10%
.
74%
•'
10%
112%
*112
8 1
8VB
112
'•
8
.
112
'
•
165
74%
74% ■/',
74
74
10 Va
10 Vb
10%
10 Vb
8%
*7 3/4
8Vb
x29% ,29%
*30%
31%
1/ 8
*112
'
*7% I-
30
*111 Va
112%
7Vs
7VB
7VB
7VB
7%
2%
*16 Va
•16%
*67
69
5
14%
68%
:
,
>
13%
13%
14%'
13%
13%
74%
72%
74
72%
72%
8%
37%
>
13%
14%
14%
14%
V
*15%
16%
16%
13%
13%
13 Vb
13%
*13%
13%
133/4
15%
15
15%
153/s
15%
15%
31 Va
*15%
16%
*15%
16%
31%
*31 VB
31%
*31 Va
31%
31
141%
*140
*140
14
14
*133/4
14
*13%
28
28
*27%
28
27%
*1083/e
*15%
27%
112%
>
*108%
88
*83
100
141%
*140
141%
1123/4
*1083/e
112%
88 3/4
87%
88%
*82 Va
100
100
*140
-■
*82%
22%
20%
21%
20%
20%
*21
65 %
65%
64%
653/b
*64
743/,
73
73 %
*73
74%
11%
11 Vb
11%
11
11
*11
11%
17
17
16%
17
75%
11V2
4
l5/e Mar 15
11
Jan
23/4 May
Feb
25
;
Jan
4
583/4 Feb
8
1000
158
100
May
4
Jan
13
May
14% Mar 22
173/8 Mar 16
11% Jan
19'A July
14
413/a Jan
32% Nov
443/4
Feb.
3
86%
Nov
100'A
7
158%
Apr
168
76% Jan
20
162'
3
8% Mar
6%
27
Jan
213%
24
34% Jan
X293/4 Apr ,20
1093/4 Jan
93/a Nov
7
Jan
106
114% Mar 13
Jan
'
,
•;
.
8% July
38% July
115
Mar
Mar
3
8% .Mar 17
6
Nov
9
27
83% Mar/2
6
Jan
9%
29
174
Jan
5
144%
Jan
19
74
Jan
31
56%
Jan
173% Jan
12
Int Business
100
conv
5%
21%
64%
37%
Jan
71% July
43 % Apr
39
July
28
Jan
37% Mar 16
36
143/4 Apr
;
60
Dec
115
July
/ 6
6%
Jan
;
6% Jan
16% May
16% May
15
9V4
Jan
10%
Jan
32
Mar 27
-27%
Jan
32%
Apr
141
17
Mar 15
135
Jan
145%
Jun
9%
15V4 Mar 22
1
—No par
13 V4 Jan
preferred
100
Corp——No par
107% Jan
21
110
84% Feb
15
96
Co
383/4 July
Jan
Jan
163% Mar 15
4
Jan > 6
138 V4 Jan
1;
:
Jun
Apr
102%
6
——1
44
9
71% Mar 10
17% Jan
(W B)
4%%
19
120'% Mar
3
113/4, Jan
3
Jan
31% Jan
27% Apr .21
14
26
Feb
10
991% Mar
;
Feb
183A
,18
Sep
Jun
16% July
34
109%
July
Aug
—
&
Chicago
Jones & Laughlin
RR stamped—100
Steel
No par
1,000
5%
pref
1.200
5%
11%
900
*16 Va
16%
700
series A
Mfg Co
:
"~3
23%
Mar~16
Jan
92%
Aug
79
Aug
19 Va
Mar 13
Jan
26%
Apr
Sep
"5
66% Mar 22
54
Nov
65
Apr
66% Jan
4
76% Mar 16
64%
Dec
82
Apr
10% Jan
14
12%
Jun
16% Apr
18
Jan
58
100
100
1
pref series B couv_—
11%
20% Jan
70
78
Johns Manville
Joy
75% Mar 25
143/4 Apr
74%
:
113/b
19
preferred
Joliet
Jan
-
112%
8,800
Dec
33/a
12
Jewel Tea Co Inc,
100
Dec
69 3A
Mar 22
\
115/a Jan -12
29
Apr
July
453% Jan
/ 10
3
..
36 %
138
143A
Apr
Jarvls
2,000
13
Feb
Dec
8V4 Jan
Jan
1,000
89
4
563/4-Jan
Nov
129
6% May
751% Mar 13
11
3
25
14
4Va May
16% Mar 16
15.
Corp-,
Island Creek Coal
Intertype
100
Feb
17
Feb
134
3
7
■/ 15,
100
:
28 V4 Jan
19
Jan
•
,—No par
Interstate
$6
Jan
6
Dept .Stores.—--No par
900
900
3 s%
117
Foreign share ctfs——-x-Nopar
3,400
21
2% Mar
35% Jan 13
_50
100
/
July
53% Feb
39 % Jan
& Teleg—.—No par
Intern'l Telep
59,400
Mar
67
68% Jan
-No par
Silver—
preferred——
7 %
19
Jan
7% Feb
No par
Salt—a.—
International
Jan
55'%
66
Inter Rys of Cent
270
113/4
20
25% Apr
preferred
Am——No par
preferred—™.
—A.—-100
5%
Jan
17V4 Mar 23
69Va Jan
13% Feb
~45
100
Co
%
3
130
—————100
Paper
Sep
Jun
July
4V4Jan:v3
Canada——No par
Preferred
International
177
Apr
13
65
100
—1
preferred
Jan
743/4
Jan
1% Jan.; 4
—5
&
Min
162
177.
15% Jan
25
Chem
Int Nickel of
400
■;
165% Jan 28
.-100
———
Hydro-Elec Sys class A.
International Mining Corp.;
:
68 % Apr
No par
Harvester-
Preferred
154% Feb
-No par
Machines
International
;
Jun
Apr
July
783A July
15% Apr
Jan
62
11% Mar 15
19
Apr
14
Jan
99.
3 •
6
,
7% Jan 28
No par
48
4
Mar
10
.
31% May
Jan
4
71% Feb
20
—1.
163A May
Jan
8
Jan
88% Jan
par
Jan
18%
18
.
1.000
64%
46
37
17% Mar 22
393/8 Mar 22
—.——100
14
21 Vb
3
3
6% Jan
141%
*74
15
Jan
,.27
10% .Jan
25 V4 Jan
100
a
6% Jan
31%
88%
24
1UU
100
Co
No par
)
16%
*82%
64 3/4
73 Va
*6534
75
1% Jan
Corp.
27%'
;
21 Va
66
22 Va
66
75
—1
:
preferred-
*108%
100
75%
11 %
21%
21%
6%
14
'
8.9
11% July
Co—-————No par
Steel
27%
14
88%
Jan
93/e Mar 22
No par ;
16
153/4
4V2
Inspiration Cons Copper
19,200
14
15 %
15%
10% Mar 16
International Shoe
14%
Jun
4
353/b Apr
20
,13%
13%
Jun
8.1/4 Feb
par
International
13%
Apr
2%
29% Mar
Jan
par
Inland
127
*117
127
413/4
21
10%
Rayon
100
13%
88%
*83
66
*11%
*117
12
Feb
Jan
ctfs series A
700
13%
109 %
*88%
100
127
.2
Jan
4%_—
lines
65%
13
Jan
% Jan
Mar 22
35
11
6
-20
37%
*61
65%-
21
1% Jan
xl6Vt Jan
4%
46
37%
37%
*62
14%
109 %
88%
37%
63%
28%
14%
111
*117
127
*43%
37%
301/4
91/4 July
Interlake Iron—
73
-
July
68% Nov
4V2
•
2,600
*43%
114
22V4
No
;—No
Ingersoll-Rand—__———.—No
6% preferred——.—
3 2,300
8
57% July
Jan
Mar
59% Aug
3% Jan
11
Interchemical
Vb
'
8%
73
723/4
46
141 %
*28
28%
88%
V
Sep
26 Vb Jan
Insuranshar?»6 Ctfs Inc
72% > 72%
13%
32
*140
14
14
A
63%
71%
f
13
16%
*15%
r
*37
>■
a
16
-
32
141%
71%
66
73
8
43%
37%
37%
*117
71%
43%
14%
14%
13%
14
.
72
*63%
127
*7%
133/4
72 Va
-
8
46
*43%
66
*15%
33
*28
37%
*117
8%
72
43 %
*63%
V-
*32
72%
43
43
8
44
105
11% Mar 23
30% Feb
.
Indianapolis Power & Lt
5,700
,14
14%
July
Intercont'l Rubber
132
74 Vb
July
17
'
Industrial
17,100
25%
*131%
45
4
preferred series A
G%
RR See
26 VB
26
132
Jan
93/4 Jan
——/—No par
Central RR
Illinois
5,000
25%
42%
36V2
10
66'A Jan
3
Jan
4
Mar
112
Aug
31
9
64% Mar
3
Apr
117
-
22% Mar
Idaho Power Co
Leased
43/4
4%
*131%
66
**15%
/
,
17
Jan
17
Jun
115
25
16
17% July
12% Sep
.
443/4 Mar 16
3
;
3
451/4 Jan
'3
71/4 Feb
preferred——100
Sm Ltd..
No par
non-cum
Hupp Motor Car Corp.
69
*67
63-
100
& Manhattan
International
5
Jan
Jan
Feb
54
108
<): Apr
117
Jan
1,500
'
-
.
No par
1,200
25%
14%
3
No par)
100
7
5,000
■
153/4
15%
132 %
.
20
133/4 Jan
Int
69
*4%
42% Jan
480
25%
37%
"
4%
4
1,000
*131%
*71%
127
*67
683/4
• Jan
2
26%
72%
37%
4%
39
172
131%
*71%
*63
*67
5
"•
16
*15%
23
'171
2%
15%
Feb
2
172%
*2
15%
68%
4%
172
2
25%
8%
->*42
16%
173
116
40
:c/,
69
131%
8%
*83
69%
68%
2
2
*67
5
8%
*106
69%
6
600
171
*169
171
261%
74%
*140
*167%
172
173%
15%
68%
.
26 Va
i-
14%
74
*117
68%
171
*131%. 132%
26%
131%
16 %
*67
5
26%
2
16%
?•
.
131%
:
*167%
70%
•173
2%
*2
'5
•
168 %
69
173 %
173%
f
2%
•
168 »/a
7'/8>
15% ■Mar
900
•
7%
7Va
3
Hudson Motor Car.
/
3,300
•
173%
*173
7%
7
70%
69%.
69%
69 %
7Va
7Va
171
*168%
171
*168
7%
7%
7%
7%,
7%
7
,
,
7 VB
*7 VB
•
7%
7%
.
112%
112%
112Va
.
7%
*7%
40aA July
131/4 Jan
5%
: 3,100
10%
-
25% July
Hud Bay Min &
20
74%
30
161/4. Jan
283% Jan
7
Jan '
22
r1
600
/.
165
*160%
.7
Hudson
400
95
95
95%
'
73%
8
*
30%
30
*95 (
*162
21% May
12
preferred————100
Houston Light & Power Co.-l.No par
Houston Oil of Texas v t c
25
Howe Sound Co™
5
2,100
36 Vs
36
10
75%
10 Vs
8"%
162
162
10%
31%
.95%
95%
165
74 Va '
*8%
32
112%
*112
95%
95%
*160%
31%
8Vs
,8Va
16%
35%
10 3/a
74%
"
*30%
16%
35%
74%
'
'
74%
165/a
36%
96
*160
10%
16%
35s/8
165
96%
*96
*160
17
3 6'A
*16%
Aug
Jan
14%
21 J/4 Mar 14
July
118
16 3/b Feb
840
.
71:
Jan
Jan
39% Jan
210
..57%
49
Dec
871,Jun
136% Aug
Dec
:
100
66% Mar 18
5
'
4
1,300
12% /'I3
16%
*16
-
Jan
128
,.
Aug
29'A
Jan
73
; 5
Mar 10
117% Apr
21
36V4 Mar
5%
'21,200
"/■■//
81% Jan
134
123/4
Apr
172
Jan
152 1
10
Household Finance
/
•"
1,200
v:
14%
*56 3A
563/4
*13
26%
,34
4,000
•
25
2
,
/ 201/4 Jan
—
—
2,100
3,400
24%
24%
24%
1%
26%
15'/4
:
24%
21
13% Jan
300
9'%
1%
1
1%
24%
24%
r
Jan
27% Feb
163
71
Houdaille-Hershey cl A__—-No par
Class B
—No par
700
8
Jan
4
19% Feb
3% May
110% July
Jan
563/4
Homestake Mining—.—-12.50
v
15,500
1,100
63%*
:
IOV4 May
lVi Jan
93V2
18
Jan / 3
63.
7
114% Feb
(Del)
Holly Sugar Corp—i.
V "■
7 %■ preferred——
260
63%
63
:
1%
9
*.
200
«
9%
x63
7%
24%
■
'
/
4.
25
18
Feb
'
4
3
753/4 Feb
Oct
1093/4
Jan
Dec
;
1061/4 Jan
Jan
76'
V3Jan
,
6
Mar 11-
:
128
Co_——10
1
10
Hollander & Sons (A)_
■
5'
The:
(C E)
Hires Co
100
, ■
109%
28
213/4 Apr
Hinde & Dauch Paper
1,800
31%
64%
9%
:
59%
109%
1%
•
7,000
•
43%
14%
7%
•'
%
41%
6
160
preferred.—£——No par
conv
Holland Furnace
,
eoo
*42%
14%
14%
14%
15%
40%
v
44
*42%
*.57%
109%
63 Va'
9
*9%
*33
14%
14%
58
58
—
109%
65
*64%
43%
$4
300
800
86
Sep
7% May
41/4 Jan
1
2'A Jan
100
'
7%'Mar 15
23
—No par
—
183A July
144% May
7% Feb
Mar 13
1073/4
Feb
135
108% Apr
99
Hershey Chocolate——— -No par
■
ioo
,
•7
*116%
40 %;
40%
:
21%
*14%
6% 'preferred
'■<
100 v
*
-
59
109 %
109 %
14%:
14%
14%
15
*14%
*57%
39%
*42%
200
•
.
39
*14%
*116%
*116%
*43'/a
39
14%
*14%
14
*21
15
*14%
'%
21%
*20%
21%
38%
50
preferred—
Mar 13
Jan
5
63% Jan
$ per share
Jan
13%
3
9
\ Highest
993/4
104% Jan
6% Jan
25
100
Motors™
>
17% Mar 16
5% Jan 14
;
1
Hercules- Powder™-—:—1—No par;
900
116
22
*21
*20%
21%
39%
-
■
116
38%
*20%
21%
21%
*63
117
r
<
132%
■; 65%
146
-25
Co
Glass
W)
non-cum
Hercules
2,300
78
132%
65%
*116
(G
Helme
___
7%
78
77%
133
;
*63
.
\
Hazel-Atlas
220
22 VB
i 22
_
Hayes Mfg Corp
2,200
:
70
*163
77%
*131
132
200
"
_
Hayes Industries Inc
8
Jan
$ per share
11
Feb
108
138
1
100
class A_
preferred
6 V2 %
Apr 18
15% Jan 13
Lowest
I...-
;t$ per share
105
No par
100
.
Hat Corp of Amer
100
30
.
104
*68
r
22
22
78'A-
78 >4
*38
:
103
70
*163
*21%
*2p%
'
,
2%
2%
2%
103
*68
22
*116
,
*
103
70
.,.132
64%.
*20%
21%
6%
*6%
6%
7
Refrac
preferred
6%
6%
*163
•»
,1,100
108%
*6%
213A
116%
*116
■:
*6%
*1O53'0
2%
•
78
*62
63%
116%
'
\
•
133:
'
6 3/4
108%
*68
22%
78 *
•
*115%
64
116%
115%
79
133
:
•
21 %
23
6 3/4
*105%
103 >A
■
71
*68
71
*163
163
2%
104
103 %
104%
104
*68 3/a
63A
105%
*6%
7
2%
25/8
2%
2aA
*6%
1053/a
108 3A
63/4
7
15%
$ per share
Par
Co $5 pfd—.-No pa*
Harbison-Walk
Highest
/Lowest
.
;
-
(M A)
Hanna
110
146%
*143
146%
i;
107
15%
15%
*143
150
Shares
share
*105%
105
15%
15%
*143'.
7.
*6%
*105 5/a
105
105
15%
16
150
7
*63/4
104
'
108%
*105%
71/4
103
150
'
*6 3/8
7
108 3 4
105%
16
*145
16%
>.
*103 V4
105
105
106
*105
$ per
$ per share
$ per share
$ per share
share
-
Year 1948
Range since January 1
STOCK
YORK
EXCHANGE
the Week
•
$
Range for Previous
STOCKS
PRICES
Wednesday
Tuesday
Monday
April 15
1
1944
Monday, April 24,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1666
11% Feb
81/4 Jan
25,
K
17%
*16%
16%
16%
*122
*122
*122
~9%.
103/4
103/4
10%
*35%
,
>
36%
36
36
35
35 %■
34%
34%
16
16%
16%
16
16%
15%
15%
105%
16
9 Va
10%
105%
105%
105%
105%
17
17%
17%
17 Va
17 VB
*110%
112
*110%
*20%
21
20%
91/4
105 ft
105
17
,y
30%
20%
5%
105%
20
15V4
115
30%-
105%
17%
11033
*110%
*19%
20%
*20 Vt
550
800
:
400
30
30%
30%'
2,000
15 V4
V
115
*113
115
/
20%
15 Va
15'A
15
*113
17%
*17
30%
30
14,900
31
700
20%
20%
*20%
20%
20%
20%
36
*34%
35%
*34%
35%
35%
35%
100
5
4%
4%
4%
4%
4%
4%
1,300
61%
23%
23%
20%
61
9
34
34
11%
23%
23%
*7%
.£3%..
8
59
59
23%
23%
23%
*7%
8%
140
60
*59 V*
*7%
23%
-
.
30
30
33%
33%
33%
33%
34
11%
11%
11%
II1/2
11%
11%
67
67
68
68
2.100
30 Va,
29%
30 VB
34
33%
11 Va
11%
67
67%
1.300
8%
29%
30%
33%
'
69%
.
9
60
30V4
11%
69%
34
60
*7%
30%
*30 Vb
30%
61%
23%
23%
*7%
9
20%
V 2,300
/
,
*11%
12%
*69 %
70
/
26 VB
27
26
*?1%
22 V4
22
22
*39 Va
41
40 VB
40 VB
9%
9%
27
9%
9%
26
,
p/
-
:
.
26
21%
Keith-Albee-Orpheum
9 V2
.
21 %
*20
39%
*37%
9Va
22
116%
22%
22%
*116
6%
22%
22
22 Vs
116%
*116
6 %
6 3/8
II6V2
116%
63/8
5%
6'A
21%
.
*116
5%
21%
117
21%
*116%
117
50
6
53A
6
6,300
1%
1%
1%
l'/a
1%
1%
1%
*1%
23%
21%
23 %
21%
22%
22%
23
30%
30%
30%
30%
30%
30%
30%
3 03/,
30'A
30%
*1834
19
40 VB
45 %
19
18 34
18%
39
39 %
38 V4
381/4
46
46
46 Va
47
*18%
2,000
21%
22
117
5%
23 VB
*39%
8,600
22
24
1%
■
*116
5%
23%
1%
9%
9%
'
300
300
39%
*38
300
1,900
20%
20%
9%
21.1/a
"
■
26%
26%
39V4
9%
68%
68%
26%
26%'
38%
9
40%
9%
26%
'
3,200
1%
1%
7,100
23
223/4
3,200
30%
30%
Class ;Bj
7%
42
*41
For
footnotes
x7%
*41
see
7%
41
42
page
6 3 '4
1671.
7%
*373a
38%
45 %
46V-4
46%
47VB
47%
48 %
7.800
6%
6%
24,200
41
6%
7
41
40'/a
7
6%
40%
Co
*
.
40 Va
*40 Va
42
500
Jan
Dec
Sep
IIV4
Jan
17
Sep
20
115
Dec
4
-83
I91/4 Feb / 3
103 5/a
Feb
Jan
25
221/a Mar
8
14%
Jan
'13 Vb Jan
26
16% Mar 17
8%
Jan
Mar
110 §2 Apr
6
18
32% Mar 17
21
Feb
,;4
19
% Jan
7
20% Mar
4
Jan
102
1131/4 Apr
Jan
30
112
'
113
Apr
Jan
35%
15 Va
Jan
20V4 July
Jan
34
Jan
63/8 July
58% July
24 »A Sep
i7
35% Mar 14
5 3/s Mar 22
25
Feb
28
63% Mar 22
343A Jan
3
24% May
16% May
28%
8
54% Jan
31% Mar
Apr
Nov
Jan
20
Apr
17
17
110
29%
Sep
Aug
104
7.%
17
1
10%
Jan
16% Apr
1053/4 Apr
-1
19%
127
Jan
19
1%
Apr
July
Feb
il
18%
Jan
6% Jan
25
9% Mar
7
2 3A
Jan
27 3/4 Jan
4
311/4 Mar
2
23V8
Jan
321/4
Sep
31% Jan
4
353/8 Mar 17
24%
Feb
323A
Nov
9%
Jan
16% May
,22
,
24
Mar
6
Lane
Lee
(The)
Bryant——
Rubber & Tire_.
Lehigh Coal
Lehigh
4%
Feb
11
13
Jan
62
26
Jan
14
73
Mar 30
Apr
17
29% Jan
22
—No par
.i—No par
——5
Portland Cement
preferred—Li
conv
Lehigh Valley RR
—
Lehigh Valley Coal
6% conv preferred
Lehman Corp (The)
Corp—:
11
100
& Navigation
Stores
Co
17'A
100
3
Apr
41'A Jan
Jan
3
10
Apr
21
21'A
113
4V4
l'A
No par
—50
—1
5
—-No par
3
19
Jan
8
50
Libbey Owens Ford Glass—No par
McNeill & Libby
:
7
Jan
38 %
10
-25
Libby
Life Savers Corp
17
-100
■—^
preferred
5%
Lambert Co
Lerner
18%
38%
"
46
Gas Lt
19
39% Mar 11
4
Jan
Dec
5»A
10 3/s
Apr
L
Laclede
121
1 5
17
pfd_100
No par
No par
Keystone Steel & Wire Co—-No par
Kimberly-Clark Corp—:—No par
Kinney (G R) Co—
_1
$5 prior preferred
-No par
Kresge (S S) Co.—
-10
Kresge Dept Stores
—
1
Kress (S H) & Co____
No par
Kroger Grocery & Bak
No par
xl23/8
25
131/4 Feb
Kendall Co $6 pt pfd A
Lehn & Fink Prod Corp—
18%
38%
19% Jan
Mar 21
Feb
14% Mar 28
3
102 r Jan
...Kennecott Copper
400
18%
37%
'
7%
-
—x
—
700
19
18%
*37%
18 %.
conv
Kelsey Hayes Wh'l conv cl A
'
*20%
21%
*39 Va
26%
390
6 V2 Jan
non-cum
19
124
Mar 13
X122
B—No par
,-No par
ser
Kaufmann Dept Stores
/
.
nf
City Southern
preferred——100
1
5% conv preferred———x
100
Kayser (Julius) & Co_
—5
4%
500
1,200
*4%
61%
34
30V4
105%
105%
*16%
v
*34 Va
61
:
14%
*113%
31,
15%
5
23%
30%
15%
113%
34 %
*15 V4
36
61%
*8
20
*34%
15%
llOJi
17
*11014
20%
35%
15%
*34
Kansas
10
Furn_„
Kalamazoo Stove &
Kan City P & L
30
10.700
10V4
10
10%
9%
>
122
*120
4%
36
*5
113 VA
32
10534
17
123
*34%
20%
*34%
15
15%
113
20%
30%
*20%
*20
30%
113
115
30%
*110%
20%
153/4
15%
15%
*113
17
17
123
*122
10%
<
.
15%
295/8
18'A
36'A
42
G3A
39
Jan
117
Jan
73
Oct
17%
Jan
29%
Jun
12.
11%
Jan
193/4
Jun
10
26% Jan
39%
Mar
2
7% Mar 21
9
Dec
Jan
29
July
107%
Jan
120
July
2%
Jan
8% May
2%
20
31
-
Oct
Dec
8%
Mar 13
243/a Jan
7
35
6
Jan
3
Jan
29
1% Apr
it
Jan
Feb
4
25V4 Apr
11%
Jan
203/4
Jan
4
32% Mar 20
24
Jan
32
19% Feb, 25
14%
Jan
22%
Jun
Mar 18
23%
Jan
38%
Dec
31
Jan
43%
5
Jan
30
Jan
Jan
5
Feb
14
Jan
3
Jan
,3
Jan
8
,
41
10
10
48'A Apr
21
Apr
8
8
43%
8%
41
Jun
Jun
July
Dec
Jun
July
Volume
Number 4275
159
THE COMMERCIAL
&
FINANCIAL CHRONICLE
1667
NEW YORK STOCK RECORD
LOW
1
Saturday
Monday
April 15
April 17
/ $ per share
*71
$
71%
75
75
179%
*26%
27%
Tuesday
72'
*74%
179i/2
72
"
38%,
38%
38%
38%
37%
37%
*36 y4
37%
19%
19%
19%
23
23 %
23%
V.
71%
71%
72
73%
74
27%
180
38
37
37%
37%
37%
37%
37
37%
37%
37%
*37%
39%
19
19%
19%
19%
19%
*19%
19%
*22%
22%
22%
22%
*22%
22%
*22%
22%
16%
16%
16%
16%
15%
16%
15%
15%
15%
16
16
60%
60%
.60%
58%
60%:
58%
59
59
59%
59
43%
600
10%
10%
*30%
31%
18
43
10%
31%
18
161
'
':'
30%
17%
161
42%
31
9%
<
18%
*158
30%
18%
160
43
9%
17%
160
*160%
21%
21%
21 %
21%
21%
21%
87%
87%
86
87
86%
86%:
%
8
par
26% Feb
Belt
Co
3
..No par
; ..No
:
6,700
2,600
Loew's Inc
1,800
Lone Star Cement
2,100
1,100
6,600
Lorillard
76% Mar 18
180'A Apr
13
Feb
15
28
42%
Y1' 9%
31V
30%
17%
17%
162
82
82
9%
*30%
-
17%-
V
22
43 Va Mar 16
24
Jan
44'
21
34'/«
Jan
21% Mar 18
12 y8
Jan
19% Jan
13
24% Mar 16
43
July
21% July
21% Jun
15% Jan
28
■
Jan
15%
Jan
24
12%
Nov
42 y4
Jan
64% July
16
37%
Jan
51%
Mar 21
6y8
Nov
31% Mar 16
18 Va
Jan
11 "A May
31
Oct
24
-No
par
8% Jan
3
12
Loose-Wiles
*
4-25
28'Jan
3
17% Feb
14
Mar
83%
85
V
:
'YY7
Co.
1
10
100
-Jan
62
69% Jan
18% Mar 17
12
100
47% Feb
5
20% Jan
3
Louisville & Nashville—.
1,300
151
—No par
-
May
Mar 17
18% Feb
40% Feb
(P)
Jun
40
par
preferred
Jan
July
6
No
7%
22%
71
73%
182% Aug
28 3A May
4
19
58
Louisville Gas & El A
Dec
Apr
Long Bell Lumber A
II,000
Nov
Jan
par
Biscuit—
Dec
62%
171
Highest
$ per share
37
4—1
Corp
62
18% Feb
-No
60
161
*21%
82%
•V.,
31% V •;
18 ,'Y. V
161
21%
82%
42%
.9%
.
.
162
21%
V
42%
17%
,
*160%
21%
*21%
9%
x30 %
9%,
42%
$ per share
37
par
No par
No par
Liquid Carbonic Corp
Lockheed Aircraft Corp
73% Mar 22
3
*
42%
10
42%
10%
18%
■
*153
67% Jan
174% Jan
*
31%
.
Link
Lion Oil Refining Co
1,300
.
59 %
43
._No
900
.
16%
60%
43%
25
Lowest
$ per share
68% Jan3
100
——
Lima Locomotive Wks
2,300
-
$ per share
—23
Lily Tulip Cup Corp
37%
37%
.
Series B
Year 1943
Lowest
Preferred
160
V
18%
Range since January 1
Highest
.
Liggett & Myers Tobacco..
27%
Y 37%
,*36%
•
Range for Previous
STOCK
Par
2,300
180
*26%
YORK
EXCHANGE
I,500
73%
*178%
27%
*26%
NEW
Shares
,
72
73%
73%
*178%
*26%
share
71%
71%
73%
180
27%
Sales for
the Week
S per
$ per share
*178%
179
'*26%
April 20
(.
$ per share
75%
178%
27%
STOCKS
Friday
April 21
Thursday
April 19
72
74%
180
*26%
*19%
23
/
PRICES
Wednesday
$ per share
75%
*179
SALE
April 18
per share
71%'
HIGH
AND
161
16%
Oct
10
148%
Jan
7
15%
Jan
90% Mar 17
59%
Jan
Apr
22 % Mar
25% Mar
21%
Jan
Jun
163% July
22 y4 July
79
July
29
May
Y
■
,1.:,
M
*26%
26%
26 Va
*137
26%
25%
*137
37%
37%
37%
37%
31%
31%
31%
31%
*15%
16
16
*16%
16%
16%
390
_*345
•
•
*7%
*25%
*137
*137
36%
37
30%
31
30
30
30%
16
.16
15%
16
16
16
16 %
15%
16
15%
16%
15%
16
16
390
*355
390
*355
r
-■
390
12%
12%
12%
*12%
12%
*12%
20
20
79%
20
*19%
20%
*19%
3
3
*2%
2%
2%
6%
2%
7 V
2%
/
*36%
30%
*355
"7
*12%
6%
v)
J 1,900
30%
12%
*19%
V
•
6%
27a
T
6%
6%
6%
6%
6%
6%
;
46%
15%
16%
15%
15%
15%
16
15%
15%
'
14%
13%
14
13%
14
13%;
13%
13%
14
19%
19%
19%
18%
19%
18%
18%
18%
18%
18%.
18%!
6%
6
5%
6
5% v; 5%
V 5%
5%
5%
46%
47%
46%
47%
43%
46%
V' 43 %
44%
44%
45%
26%
*25%
26%
*25%
26%
25%
25%
25%
25%
20%
20%
*170%
20%
174
•'*55
*5%
55
35 3/8
*223a
23%
17%
*28
28%
16%
49%
107a
8%
89%
89%
54
53/a
34%
20%
7 %
1,000
57k
1,700
100
'
17%
153A
f
48
48
22%
97
98
.:'
87a
10%
48
17 Va
,17%
2,400
200
.
28
16
..42
22%
98 3/4
16
48
48
22%
48
10%
10%
*103/a
10 3A
113%
*113%
113%
8 34,
87a
8%
8%
:■
80
80%
80
80
31%
32%
313A
31%
*89%
90
89'%
*89%
90
9%
8%
9%
*28
28%
6%
42
87/a
6V2
41%
27%
2774
28 Va
28 Va
.
41
31
■■
Alkali
Wks
—No
28
28%
67a 7 67a
Corp
10%
107a
80
$4
.
113%
*8%
*89%
80
90
79
32
6%
32
30
79
90
32
1,300
Melville Shoe
Corp—
*40
*9
8%
9%
*9
9%
/
3,200
.
Mengel
28
Co
41%
41 %
120
;
30
27%
28
700
Merch
&
28 Va
28
28
Mesta
Machine
1,000
:•
conv
No
Mln Trans Co
Miami
.3,800
Mid-Continent
Petroleum
31
31
30%
31
30
30%
307/8
30%
307a
307a
Midland. Steel
Products
6%
6%.
67a
121%
122%
52
52%
49%
38%
39
37%
39
*107%
;
*107%
/"Y^
112
*110
6%
122%
l223'4
*122%
49%
4974
51 Va
38
122%
38
51% 7
77 Y
•'
■
11274
h .* 122
51 Va
:
38
'
9
4*,
38
Vz
110
6%
101%
21%
101%
20%
3%,
13%
V"
7, 52
160
52%
-
,
38
.
*107%
110
6%
*100
21
3
14
12%
2%
13%
32
*31%
32%
31
32
78
78
*77'%
78
77
77%
•
'
.'
47
6%
vv
111
*107%
6%
6%
*100
6%
101%
19%
3
*100
20
2%
20%
24
100
10
Feb
9
112% Feb
8
Jan
4
Jan
3
6%
3
101%
20
100
,
20
3
;
3
V
1,600
V;
12%
13%
12%'
31'/a
31%
31
31%
77
76%
77
77
77%
\ 25
27
*76
%
'27,800
7%
;•
preferred series A—.
Carpet Mills.——
1,100
Monsanto
Chemical
43%
42% .,: 43 %
*37%
39%
42%
43V4
10,700
110%
40
*39
v
;Y39 "•.
X 40
39
23%
23%
22%
23%
22%
23
22%
16%
17%
16%
16%
16%
16%
16%
19
19%
*27
27%
Y
22
1
18%
19
26%
26%
5%
*81
.
5%
74
5%
83
V
*37%.
39
22%
23
16 y8.
16 Vs.
21%
72
73
23%
•16%
19 Vb
100
19
27%
*26%
27
5%
5%
5%
19
y4
27%
5%
80
80
*21%
22
*21
22
73
//,
73
*71%
112%
112%
112%
112%
9%
9%
9%
9%
*46
48
■
'*112%
V
48
*46
113
9%
9%
*46
80
.
9%
48
3,500
.
73%
73
73
112%
36
36
36
36
*46%
15%
157a
153/8
9%
9%
11%
A
11%
17
17%
117a
117a
12
3574
34
343/4
34%
35'
15%
*15
26 3A
14
107/e
;
103A
203A
*172
18'A
•
40
i
V
■■■"
■'i-
15%
15 Va
9Va
'
'
;
4,000
107a
10%
21
.
207a
*172
175
17%
157s
17%'
15%
27
26
26%
137/a
14
13%
14
*18 %
10'J/4
107a
20%
175
18 3/4
11
11
11
207a
207a
175
175
157a
157i
26%
26%
26%
27
263/4
271/4
137a
13%
133/4
133A
133/4
133/4
127s
117a
20%
20%
14%
14%
14%
117a
12
207a
207a
20 3A
f
14'A
14%
14%
14%
"
11%
11%
*11%
12
32%-;
31
32%.
31
31%
31%
313A
28%
28 %
28%
28%
28
28
28%
28%:'
20%
97b
97/a
*94 7a
20%
20%
20%
172
172%
173%
172%
172 "A
147
146%
146%
146%: 146%
*18
18%
*6%
18
18
173/4
18
=
29
•
29
29
29 7
29
•
13%
9%
97a
95
207s
173%
149
207a
*1451/2
17%
17%
28%
*28%
5%
6
17%
-
*17V2
28 3/4
18
6%
5%
61%
59%
60
60%
60%
597/a.
'
13%
127a
13 %
12%
12%'
12%
127a
127a
125/a
:
27%
27%
27%
85%
*84%
85%
89
*88
90
273/8
27
84
85%
90
*88
27
83%
*87
.27
27.%
27i/2
84
83
83
88%
88%
6
400
''
1,800
V
•
•
900
88%
7%
7%
7%
7%
8 Va
8V8
8%
9%
9%
9%
9%
9%
9%
9
9
9 Va
9 Va
9%
9%
147/8
15%
14%
26%
*25%
98
*97
15%
26%
.*25%'
~
*98
102
98
61
*58
61
*58
*109
*109%
28%
18%
For
28%
.
18%
footnotes
283/4
18
see
*10.9
283/4
18%
page
28 3/8
17-
607a
147/'a
143/4
14 74
14%
147a
25%
25%
25
25
*97
28%
17%
58%
109 %
.
58%
109%
28
17
17
28
163A
Va,
1671.
*97
*109
28'/a
101
/
59%
59%
*109
.
•;
*58
-
;*
113%
Feb
3
Jan
8%
Jun
22
Apr
6
3% Mar 22
15% Mar 21
64% Jan
98
July
13%
25
July
Jan
% Jan
3% Mar
Apr
Nov
Jun
par
112 y4 Feb
par
115
.Jan
•
Natomas
28 3/8
17
17Va
171/8
5,100
.
121
114% Aug
15
47% Mar 15
33'A
Jan
50
5
31%
Jan
1
13
39% Oct
273/a Jun
Co.—Y
Lead Co
10
&
SV1
Y".
—
Steel
Supply'(The)
■
43/4%
conv
Jun
10
76% Mar 22
62
79%
Sep
11
Axle
Jtuy
3
10% Mar 13
5
48
'
•.
J
;
Mar
24
8
111
5%
Jan
34% Jan
117.
Aug
11% July
44
Feb
.
7/8 Jan 10
13% Mar 13
Jan
5
37
3
Mar 22
16% Mar 21
3A Nov
13A
Feb
63/a
Jan
15 Va
Jun
23%
Jan
403A
Apr
197a
Apr
13
Dec
8
107s Mar 22
5%
Jan
11% July
12
Mar 21
117a Feb 17
8%
Feb
12 ya July
8>/a
Jan
153/4
Jan
23
Jan
176
Nov
21
Jan
978 Jan
4
207s Apr
19
165
22
Mar/1
Feb 17
18
8'A Ja,p
175
20
Jan
18
Apr 21
Feb
3
Sep
Jan
29%
Dec
13 Va
8
97b
Jan
21%.Mar 28
16'A Mar 23
12
Mar 15
147a
Jan
67/a
Jan
Apr
9% Mar
Aug
14 3A May
21% July
157a Sep
12"
Dec
3
35
Mar 13
x25%
Jan
36
Dec
Jan 25
29
Mar 22
17%
Jan
29%
107a Mar 15
95. Apr 17
227a Mar 27
Jan
11%
Jun
70%
Jan
907a
Nov
14
Jan■
20%
Dec
Feb 25
14 Jan 18
177a Apr
174
Apr 10
147% Apr 13
21% Mar
19
28% Apr / 5
8
31'A Feb 25
7' : Mar 13
5% Feb
577a Feb
7
5
62
Apr. 12
ll3/4
257a
79%
83 %
5 Va
4
'15 Va
30%
87
,92
Mar 16
Feb
Feb
Feb
Jan
8
4
6
.
Mar 16
Mar 23
Mar 9
4
S3^ Apr 21
10Va Jan 14
137a Jan
3
177a Mar 16
22
4
27% Mar 22
Jan
Mar
Jan
t
3
6
160
Jan
178 Va July
Jan
150
Jun
147a
Jan
22
May
27 ?
Nov
36
Jan
2%
52.
Jan
53A
Jan
15% May
14'A
Jan
28%
Jun
57
Jan
80%
Jun
62
Jan
88
Jun
23A
Jan
6
Jan
7% May
10% Apr
9Vs
Jan
193/4 July
16
Jan
25%
Oct
Jan
98%
Nov
Jan
57%
12
100
Feb 21
4
61
Apr
3
37
16% Jan
12
19
Apr
11
303A Jan
8
267a
Jan
11
10%
Jan
Apr
Jun
64% July
Jan
19
7'A
Jan
.96% Jan
273/4 Mar 31
16% Jan 12
Sep
137
747a
56
Sep
Jun
Nov
13
9
Feb
5
„' 87%Jah;ll
19
' Jan
7
,
%
103A
18
3
157a Mar 1.6
xll'A/Feb 11
19% Jan
3
13% Jan .29
113A Jan , 5
1
5
July
%
18 'A
2974 Feb
9
16 3/4
13% July
10%
17 % Apr
164
141
162
Jan
3
26
Apr 18
12% Jan 17
No par
—1
.
116% Feb
3
9
No par
Newport Industries.;
Jun
23%
13,% Jan
_.iNo par
—No par
100
10
Jun
77
Jan
10% Jan 31
Pa_.
serial preferred—100
7
Jan
15
28
,—4
—
Jan
53
Yf MarSO
25
Co
23%
Jun
Apr
Mar
84% Apr 12
23% Mar 27
117a Feb
__i.No par
—
31
43% Jan
Cast Co—No par
Corp
18%
Jan
112% Apr
8% Jan
JI00
100 '
Products Co.
Jan
18
6% Mar 22 '
-4
30V4Feb
;
17
11%
21%
Jan
3
26
—1
No par
Jan
17
No par:
preferred.
19
9J/8
20%.Mar 22
7
1
Jan
Apr
July
29
3
Mar
Jan
No par1
Newberry Co (J, J)—
5% preferred series A
Newmont Mining Corp
,
Dec
Nov
113
70% Feb
10
—
Neisner Bros Inc
1500
119
116%
106%
4 Vb Jan
1
Nehi Corp
10
-
287a
Dec
14
72
—No par
Products
National Tea Co
50
24
110% Mar 12
20% Jan
^^.10
$2 conV preferred—
I
.40
51/2 % prior conv preferred—.10
6%
prior preferred
100
National
200
Jan
117% Jan
5
26% Apr
,-10
—
National Power & Lt
i
117
27'
42% Feb
..100
No par
Corp
u
Gypsum
National
l.
29
Jan
107% Jan
10
:
Stamning—
conv
/
200
28%
$4.50
Nat Mall
3,300
,;
^
101
61
^2,400
preferred
National Oil
35.300
''
6%
1
80
90
26%
101
Co
preferred A:
16% preferred -B
340
7%
*58
Nov
,
11 %
.1
7%
4,400
'
7%
15%
110
107
30 3A
Cylinder Gas Co.—
1 ;
Products.,
-.No par
No par
National
12,500
271/4
7%
*25%
Feb
Mar 17
92%
—10
—.5
Cash'Register
National
.
1,000
-
82V4
7%
1578
/
130
<
27%
7%
26%
107
112
Dec
1
Can Corp
Nat Enam &
60
82%
*883A
102
Louis
Co
Share
&
Nat Distillers
290
Y
60
*13%
6
"
5,100
28%
57a
607a
89
*25%
■
19
Jan
National Dept Stores
400
5,000
20 3a
6%
85%
*15
Apr
Mar 31
Mar 17
Jan
Nat Dairy
9^00
:
Y
173%..,'
*145%- 148
29
57/a
7
61%
277a
St.
preferred
National
1,800
100
9%
95
v
20%
*172
173%
28%
1
95
148
177a
f
Nat
6,400
v
'
287A
9%
95
20%
172%
313A
*28
6%
13%
41
109
14
Mar 13
3%
;5
100
National Container
.3,100
I
61%
6%
62
*6.1%
20%
172
*146%
9%
95
117a
31%
32%
95
&
Biscuit
National
1,600
*1PA
28%
20%
4
Sep
Jun
17%
.
preferred
Aviation Corp
Bond
Nat
'
32%
9%
v
12
20%
32%
*94%
7%'
3,600
f
117a
■/
*28%
20%
124
75%
No par
conv
National
24,100
.
6%
7'
200
^
.1
Corp—
'
117a
207s'
14'A
117A
100
('
12
10
175
I6V4
20%
95
:■
16
127s
172
July
18
vvv,
;
.7
:
Liquidating Co
National
6,400
T
-n
"
Nat Automotive Fibres Inc
/■'
2,100
.
167a
1474
*146%
Apr
42
Jan
$7 preferred—
National. Acme
2,200
100
'
203A
97a
Apr
7% Mar 18
16% Jan
Nashville-Chatt
1,600
18%
143/4
95
>
9%
117a
.;
18%
12 78
■*1174
15 %
9 Va
*11 Va
18%
20 74
9%
34%
32% Mar 13
,
Nash-Kelvinator
23,400
330
*18
20%
117a
35%
21
■
207a
*172
12%
95
Jan
6
18% Mar 16
Nabco
100
V
/ 15%
11%
14%
9%
26
Mar
81
.——..—No par
No par
Murphy Co (G C)
.—No par
4%% preferred—...———.100
Murray Corp of America
10
Myers (F E) & Bro
No par
500
13
12
'•
91/4
YllVa
14%
*94
31
20
Munsingwear Inc
48
la
151/4
9%
11%
18%
*1174
323/4 Mar
3
39% Apr
26% Feb
V
190
9%
35 %
9%
27
12
Jan
Sep
Wheel Corp
,
—5
Mueller, Brass Co——Y——1
Mullins Mfg Co class B
... 1
■
200
112%®.
117a
.,
.
•11%
20%
*113/4
Jan
23%
15% Jan
Motor
1
•
*11
1,1
•
4.' 9%
18%
„
>./;■, H
11%
9%
*11
21%
175
17
12%
7 117a
15
9%
11%
26 3/4
*ii
12%
35%
*9%
*133/4
13
lit
,11%
•
123/g
*11%
*18
4%
25
31% Mar 25
35% Jan 11
21% Jan '■4
•
18%
20
42% Mar 24
8% Jan
&, Essexi—50
Motor Products Corp
.
500
v;
57k
*79
;
V * 1,1
*18
10% Jan
76% Apr
'
•
.»
81
*21
9%
II
107a
78% Sep
34% July
12% July
No par
Morris
2,100
2,500
-
■
.
48
21
Feb
Jan
29
preferred series C
No par
Montgomery Ward & Co..—No par
Morrell /John) & Co..:
.No par
4,870
'
21%
80
21%
.
19
19%
27%
*27
5%
85
18%
■7
,■
*172
Jan
27
4
17% Feb
2% Jan
.10
42%
10%
89
60
9
19
1
110,
.20
Co
44 V*
21
Jan
6
Apr
Jan
105
100
Mohawk
1,500
•
43%
175
Feb
67%
Mar
81
105% Mar 22
45%
12%
10%
Apr
931/2 Jan
44%
*%
207/8
10 3A
115% Aug
-Mar
46
Apr
37% Apr
par
$4
12%
*172
Sep
Jan
'
No par
$4.50 preferred ser A——No
Preferred series B
—..No
27 %
*15%
11%
Feb
6
preferred——No pa*"
-10
$6.50
10
12
Jan
101
8 Vb Mar 22
Mission Corp..
V Mo-Kan-Texas RR.—
v
4,600
•
12%
30%
37
par
6J%
8
28
6% Jan
Impl.
Power
80
*46
Jun
—1
Minn Moline
; 3,400
111%
48
Apr
25%
34% Mar
90
31% Apr '18
4
8% Jan
'
*46
50%
Jan
Apr
"20 V*
111
117%
113
Jan
14%
9
18
*110%
9'%
38 y4
25
113% Apr
lO'/sFeb
3
70
pfd series B—
*116
*112%
25
Feb
Mar
55% Feb
conv
*113%; 114%
9%
Jan
11% Mar 22
9
Jan
'.'.■82
100
4%% preferred series C——100
4%
110%
112%
52
19
18
July
l
12%
12
30 Ye
Mar 20
.Apr
128
117%
9%
Sep
Jan
114%
112%
16% May
106 ya
*116
*72
Oct
29
Jan
29
*113%
74
113%
Jan
8V2
Feb
111%
5%
Jan
19 JA
4
117%
22
104
16% Mar 21
116 % Jan
114%
*83
13
30% Mar 22
317.
*110 V*
:
112% Apr
18
Feb 29
,
Jan
*116
*72
*96%
14
20 Vb
*113%
5%
23
:
27 y8 Apr
"
19%
*28%
109% Feb
12
111%
22%
Jan
32% Apr
117%
85
ll'/a
13
114%
*22
17% Mar 20
22% Aug
173/4 Sep
271/8 Jan
*110%
*83
Sep
13
Jan
7% May
par
No
YMinn-Honeywell' Regulator—No
2,000
-
'"
"
*19
Oct
110
9%
45%
*26%
;■5%
36
Jan
30%
*116
*37%
Feb
100
Jan
*113%
■
Jan
Jan
3
Jan
111%
.
2%
21%
12%
Jan
Aug
Sep
60
,5%
117%
17%
11
24% Mar 27
110
176
18%
114%
23%
6'/a Mar 16
35% Apr
Jan
Jan/
4
*110%
40
37
27% Jan
*ii3y8
17%
6
165
4
*116
23%
Nov
24
Mar 20
Jan
3
111%
*37%
19%
58
Jun
6 % Jan
116
44%
27
175
,
73/0
43% July
July
27% Mar
32
24% Feb
114%
116
*110%
Jan
5
16
f
1,600
38%
t
*107%
*1071/2
Y
101%
19%
3%
32
*113%
22
21%, Apr
..
"
13%
Jan
31% May
Apr
-5
'
*13%
3%
14
27
'
1223A
'•
*107%
112
6%
■•101%' 102
3%
May
18%
-10
'
*21
24
8% cum 1st preferred.
.100
Minneapolis & St Louis Ry.—.No par
1,300
'
3%
July
Dec
97
Co
V 1,700
21%
xl7
14%
7
5
Copper
28%
5%
6 7'a
102
Jan
Jan
22 y4 Jan
t
2
32% Mar 10
—1
.50
(The)—:
1st preferred
413/4
*27
27%
21 Va
,
41%
41%
27%
2574
■
9
19% Jan
———1
63/a
*3
Jan
Sep
Apr
43/a July
6% July
9%
106% Mar
-.1
2574
*21
3'%
47% Apr
28% Jan
; 4
4% Mar
V
10
Jun
Marl6
par
Co
26
6%
Jan
.18
preferred————-100
Y
—4—.—No par
$6 preferred series A
No par
$5.50 pfd ser B w w——No par
253/4
6%
.1 %
Y 6% Feb 24
13
Mar.
52y8 Feb
Corp
;■:' : *6%
*101%
170
conv
Mead
>1,700
6%
*6%
20% Apr
par
—5
——No
McLelian- Stores
1,100
;
Y
9
preferred
25%
*110
193/4
20% Mar 27
4
100
Robbins Inc—
McKesson &
600
6%
i'Y;
Jan
6% Apr
19
:—1
25%
112
37% Apr
■;"'■• 25% Apr
—No par
26
*110
14%
Mar
8%
15
,
par
...•
1
„
25%
38%
9
243A Mar
320
17 y4 Mar 17
16% Jan,. 3
"H'4% Jail
3
par
—
26'A
*107Va
3
5
r
No par
26
38V4
6 % Jan
1Q0
—No
26
121%
12
;.3% Mar 1;7
2% Jan ;19
—No par
32
52%
Jan
20% Mar
10
32
121%- 121%
6y4
24
par
—
26
*52 Vs
Mar 24
18% Feb
27-
Mclntyre Porcupine Mines
3,200
98%
*113%
.
90
*317a
1,900
"■
22%
98%
•1127a
8%
32%
97a
Jan
4
98
1074
8%
85
*27
Nov
3%
13
—1
McGraw-Hill Pub Co
500
48
■/Yi 22.
22%
•Y 98
*112%. 113%
:
90
*41
;
Nov
315
8
14
'
31
15
15
10% Feb
'
..No
McGraw Elec Co
1,400
v
5
Feb
par
"
27%
*15%
.
Jan
8% Jan
19
12% Jan
McCrory Stores Corp
5% conv preferred w w
'
*41
*27%
17
370
■
21
13% Jan
Corp..—..No
preferred
McCall
Jan
Apr
—1
.
800
*111% .112%
27'A
*15%
'
48
217/a
*96%
*89%
32 Va
2274
>
112%
27%
27%
153/4
17 Va
*111
112%
27%
22%
22 %
10
303/4 juiy
15% Dec
Jan
100
Co
Maytag Co
$3 preferred
$6 1st cum preferred
'
Jan
7
Department Stores
May
15% Apr .18
5
pfd
Corp
Mathieson
/
Jun
19%
25
16% Mar 30
—No par
Martin-Parry
'
34 Va
5%
*33
prior
(Glenn L)
Masonite
Nov
37%
32% Feb
12
138%
Jan
315
/■■
Jan
July
28
1
,..1
20%
133
Jan
—50
Master, Elec Co..—
2,300
,
•
53%
6%
/
300
174
-10
Jan
-
1
17
39% Mar 22
25
/
800
9,300
V.
*109
227a
23
17
17
*111
16
22%
107a
9% 7
20%,
53%
*109
*22 7a
27%
99
113%
32%
5%
,
V
.
Yi
26
*170%
54%
*33,'
5%
34%
*109
•
223/4
22%
8%
85
*32%
20%
174
*170%
-
55
6 Va
45
138
■
10%
'
5 ,it5
20%
20%
174
*80%
*80
93/a
27%
*1574
*11278
.
54 %
*33
'
—
49%
*98
113%
83/4
Y
17%;
17%
Y 112 Y 112
16
YY 22%
10%
•*112V2
*
5%
.
*22%.
273/4
49
22%
*170%
34%
*109
'• "
17%
16
99%
5%
*33
■
115
x273/4
49%
223/a
*98 '
'
23
*111%
*16
Y':
20%
;
54%
*6..
45
*25%
Martin
'
'•..Cy
17'A
115
174
54%
57a
r—4 O CO
22%.
17%
*111%
20%
*170%
343A
343/4
&
YY
20%
;
55%
5 3%
5%
*33
*108%
20%
174
*170%
55%
.
14
.No
Ry
27
27% Jan.- 3
___
Marshall Field & Co
5,400
t,
,
St
27% Feb
21
No par
Bros
Market
.
;
6
Feb
34% Jan
No per
Maracaibo Oil Exploration..
Marine Midland Corp
•
1,360
2,800
25% Apr
135
par
Manhattan Shirt
17,400
6%
15%
6%
Mandel
; 1,100
14
*25%
,
1,900
Co Inc
Garden
Magma Copper..*-.;
Mahoning Coal RR Co
Manati Sugar Co
* 600
15%
10
100
No
Madison Square
-
400
14%
6%
:
3,300
20
2%,
2%
700
1
••
12'/»
12%
20%
.
Macy (R H)
7%
7%,:.
I'
Forbes
&
preferred.
Trucks Inc.
i
16 Vu
15%
*6%
6%
Mack
2,600
19%
.
V
30%
*15%
7
7
37
14%
"
MacAndrews
400
390
*350
390
7 %
V'
%Y
•16
■
37
37
7'/a
3
26
37%
7%
.*
*25%
37
7%
19%
3
25%
-
12%
13%
-
25%
7%
*12%
■
*25%
*137
16
.%45
;
26%
*137
1063A Mar
114
-.37%
Sep
Aug
Apr
19% Oct
AND
LOW
S
$
share
per
14%'
per
*38
April 20
$ per share
14%
39
Friday
14%
14%
14%
101%
101%
$ per share
101%
14%
Sales for
the Week
EXCHANGE
14%
14%
*101
36
36
36
36%
36%
36%
58,100
New
York
18%
18%
18%
18%
17%
18%
17%
17%
17%
17%
17%
18%
26%
25%
25%
23%
25%
23%
24%
24%
24%
24%
24%
2.900
70%
72%
72
72%
72
72%
9,400
25
25
24%
25
74%
75%
74%
75%
71
74%
*25%
25%
25%
25%
25
25%
*13
14%
*12%
14%
12%
12%
*36
38
*36
38
147 %
63%
fit
%
*%
'■<
64
17%
16%
17%
36%
37%
36%
*36 %
189%
*120%
121'A
*120%
121%
*120'A
17%
17%
17%
17%
17%
*52%
*51%
54
53%
8%
8%
189'%
17%
1"%
62%
63
i7<r
Iff
36%
*35%
*120%
122
17
17%
1C.V,
122
52%
52%
52%
52%
*51%
53%
52
8%
;
V
*101
15%
19%
18%
43
43
14%
14%
*115
116
18%
18%
43
5%
44%
*12%
5%
,
*43%
12%
12%
5'A
43%
12%
12 Va
43%
*42
•
12%
'
18%
18%
18%
18%
17%
18%
17%
17%
17%
18
17%
49%
49
49
48
49
47%
48
48%
48%
48%
*9%
9%
11%
12 %
*11%
18%
19
18%
34%
*32%
*65
68
*65
58
58
*32%
18%
18%
150
68
57%
*65
58
57
'
*10%
18
18%
150
151
32%
34%
8%
100
11%
11
12%
9%
100
100
151
151
151
*150
8%
9%
101%
101
101%
*31%
32%
8%
9
9
101 Va
100%
11
10%
*147
68
*64
57
*57%
12%
12%
12%
11%
11%
11%
11%
12
11%
11%
41
43
42
44%
44%
*43%
45%
22
11%
12%
42%
100
•
12%
*12
11%
*10%
43
22
21%,
*20%
*12%
15%
15%
*12%
15%
*12%
15%
1
31%
31
31%
31
31%
31%
31%
31'/a
31%
1
■
*43'A
43%
43%
43%
*43
43%
42%
43
42%
42%
43%
*43
156
30
29%
29%
156
'
30%
'
29%
29%
29%
119
118
118%
*117%
118%
117%
117%
*117%
155%
*155%
156
155 Va
156
*155%
156
29%
4%
*4%
4%
4%
4%
4%
4%
4%
4%
V' >;
4
3%
-
13%
14%
*14
14%
3%
29%
3%
4
30%
*9%
10
*9%
10
*109%' 110
*109%
110
9%
*
14
*13%
4
3%
.1
30
29
30%
30%
109 %
29
V
9%
*9
109%
110
13%
14
1,700
K
•
9%
3%
29%
9%
*109%
2%
2%
2%
*48%
49%
2%
2%
48%
49%
*49
25%
25%
25
81 %
82%
80%
1%
1%
1%
27 >/2
27%
6 %
6%
*6%
18%
19
*18%
*51%
53%
*51%
27%
700
.
■
110'A
'•%
14,300
7,000
700
110
:
6%
23%
80%
77%
79
1%
1%
:
27%
27%
18%
19
18%
53%
18 '/a
51%
5%
6%
18%
17%
*52
52%
;'n' :
•
'
.2,300
18
27'/a
27%
*18%
5%
17%
18%
53%
52
A
99
99%
97%
98%
98%
98%
13%
14%
13%
13%
13%
13%
13%
13%
13%
13%
15%
15%
13%
14%
13
13%
13'A
14
13%
14
15%
40%
2%
2%
40%
*15%
40
.
,
*15%
17
2%
2%
40%
39%
*16
18
29%
*24
29%
29%
24%
24%
*24
*58%
59%
59%
67%
17%
29%
24%
59%
29
*24
59%
58%
8%
7%
8%
47%
48%
12%
13%
12%
66%
63
44%
8 %
8%
*16%
13%
*25%
26
8%
17%
8%
•/ 8
*8%
66%
44%
26
63%
42
;;
*25%
8%
j
*58%
59
7%
47%!
13%
7%
:>•'
41
8%
;63
*62
41%
42
26
7%
8%
*25%
7%
8%
*7%
8%
r-
42%
42%
42
42
42%
41%
20%
21%
20%
21
20%
51
51
51
51%
51
51%
51
51%
50%
51
96
96
96
96%
96%
96
96
96
96%
20
20%
20%
24%
24%
24%
20%
24%
20
24%
20%
19%
24'/a
24%
20
20
24%
24%
59%
'
•
:•
!
119%
*113
119%
*113
119%
29 %
29
29 %
28
29 %
27%
28%
*87%
87%
87%
87%
86%
87%
86
86
*113
900
65
"
:
106%
*12
108
*107'/a
108
*107%
108%
108%
*103%
110>
*108%
51
51%
:
*12
12%
105
106
*104
43%
44
43%
*9
9%
*9
24%
24%
24%
135
*102
*102
*5%
5%
*5%
66%
66%
66%
*754
7%
7%
*75
76%
*74%
12%
*12%
12%
12%
44
24%
135
12%
175
184
184
5%
5%
*5%
24%
5%
r
*98
43%
8%
24%
135
43
*8%
,
*24
*102
5%
5%
64%
65%
7%
7%
*75
12%
*169
185%
5%
*11%
:
64%
7%
76%
189
*184
*8%
*102
5%
67
*169
12
105
43%
9%
175
*169
12
*100
105
24%
5
77%
12%
*7%
*
43%
43%
9
*8%
24%
*24
135
*102
5%
5%
64%
67
7%
7%
44%
100
.
44%
.
*8'A
24%
24%
135
*102
5%
5%
12%
76
66 Va
67
*7%
7%
*74 Va
12%
12 Va
175
*169
175
*169
185%
*185
189%
*185
5%
5
5%
5%
77
12%
*74%
*12%
12
'
.
,20% Mar 17
7%
7%
♦92%
*92%
97
*60%
61%
54%
55
*60%
*14%
15%
*15
7%
97
7%
*92%
7%
95
7
*92%
7
7%
44%
95
55%
54
54%
53
60%
60%
59
*90
54
61
60
15%
14%
14%
14%
53%
*59
14%
14%
v-
,
.
Corp
preferred
*168
*12%
13
13
101%
101%
*101%
75%
76
:*74
11%
*107 %
103
*101%
*73%
102
76
76
*73%
12
12%
101%
103
*73
75%
-
68%
■
A
'
:
'■
59 % Jan
92
92
53%
53%
14
14
1
!
,
12
13%
Jan
55
3
23% Feb
25
14%
Jan
25% May
Jan
10
3
10
25% Jan
Jan
5
Jan
11
121% Jan
12
Feb
26
5% Feb
118
21
157
27
Apr
8% Feb
2% Jan
Jan-
3
1814 Feb
'
101%
76
*101%
*73
17%
<
150
76
'
210
17%
17%
17%
17%
17%
21%
*20%
21%
8%
87/a
8%
9%
9%
9%
12%
12
11%
11%
11%
11%
11%
11%
*21
1,100
-
21%
*12
12%
12%
*11%
12%
*11%
12%
*11%
12%
*37%
38
37%
37 %
36 ta
37
37
37
*36%
38
*36%
55%
55%
54%
55%
54%
55%
55
55%
54%
55
118%
118%
119%
*118
119%
95%
96.%
104%
14%
13%
14
13%
13%
13%
96%
95%
96%
95%
104
104%
103%
104%
104 %
104%
109%
107%
108%
96
96%
96%
108
109
107%
108%
118%
118%
118%
118
118
*116'A
117
*116%
117
116%
116%
115%
116%
40%
41
40%
41
117%
*115%
-
For.footnotes
13%
96
96%
104%
118
119%
.
*118
13%
108 %
109
118%
13%
*118
104%
104%
108%
-
*11%
see
page
39%
1671.
40% "
38%
39%
118%
116
103%
119%
300
2%
Jan
Jan
43% July
7%
Jan
11%
17
105%
Jan
2
Jan
Jan
3% Mar 25
\r
49% Mar
6
106
Jan
8
25
27 Va Mar 16
10
96%
2,005
480
108%
460
117
117%
630
*115%
116%
50
40%
12,300
107%
-40
—
40
106
July
30
July
72%
17%
Jan
1%
Jan
3
27%
Jan
19
31
Jan
7
20
Mar 28
Dec
Jan
16
2%
32
Dec
Apr
May
19% May
Jan
6% May
4% Jan
3
3
1%
Jan
17% Apr
:
21
20% Feb
15
16%
Nov
29
58
Jan
24
51%
Dec
60 Va Mar
99% Mar 16
80
Jan
16% Mar 13
13
Nov
7% Mar
16
15% Apr
15
2% Jan
24
1%
Jan
15
33%
Jan
18% Jan
26
Sep
20% July
9%
Oct
3% Mar
45
Jun
17% Mar
13%
Jan
10
108%
Jun
23%
Jan
32%
17%
Feb
24%
9
46%
Jan
61% July
Feb
30
15
Jan
May
Mar 21
112
21% Jan
100%
24% Mar 22
Mar 17
3
4
55
Jan
Jan
41
110% Mar 17
25% Jan
3%
•
63
Jan
Mar
113
7%
Dec
Apr
Sep
Sep
14
1%
Apr
19
53% Mar 16
28%
Jan
10% Jan
3
15% Mar 21
5%
Jan
16% May
54% Jan
4
69
Mar 24
34%
Feb
58% May
33% Jan
5
Jan
41% May
5% Jan
47
8% Apr
6
'
59% July
Jun
20% Feb
14
22% Mar 16
Co Inc
&
Electric Co.
.No
com—
par
—-No par
}00
Corpi-
—-—A—3
10
49% Jan
19
24
Jan
28
118
3
31
Feb
25
82
Mills
Co__
preferred
Coke
&
Iron
100
100
—100
No par
Corp_
preferred
No par
.
Pitts Young &
Pittston
Co.
28
Mar 15
Class
A
Class
Pond Creek
conv
5%
pfd
13 Va Apr
11
Feb
14
July
105
Apr
11
79%
Jan
100
July
Apr
19
47
Jan
5
42%
Nov
50
Apr
4
11% Jan
7
3%
Jan
10%
23% Feb
23
25% Feb
3
18%
Jan
26
May
Jan
102
Jan
5
Jan
27
7
Feb
21
3%
Feb
61
Jan
13
75
Feb
21
34%
Jan
7% Apr 18
68% Feb i*
76
43
9
Jan
14.
Pub Serv Corp
102
183
7
Apr
3
Apr
$5 preferred
6%
7%
8%
& Gas pfd
Pullman
Inc——
Dec
Mar
5
Jan
9
59
Jan
77%
Jun
15% May
14% Mar 13
9%
Feb
4
168%
Nov
168 Va
Nov
18
170
Jan
182
Aug
5% Mar 24
4
Jan
4%
Jan
10% May
171
Mar
185% Apr
.
9% Jan
10
6%
Jun
3
99
Jan
10
59%
Jan
48% Jan
4
61% Jan
10
24
Jan
52 % May
58% Feb
21
64
10
56
11% Jan
6
82% Jan
Jan
Dec
8 % Jan
25
83
Jan
10
73
Feb
29
14% Mar 22
7%
Jan
150%
,17% Mar 21
Jan
1%
10%
92
Dec
Dec
15
79
Feb
15
20
Jan
74 %
Jan
5
14%
Jan
21% July
Mar
4
18
Jan
4
Jan
1
5
150
11% Jan
12
13 % Mar 16
6%
Jan
12
Jan
11
13% Mar 16
6%
Jan
35% Jan
10
43
Mar 16
Mar 28
58
Jan
Mar 25
13% Jan
3
87% Jan
3
Jan
3
96
Dec
101% Apr
11% Mar 16
116
Nov
Jan
Jan
22
100
Mar
16% Mar
168
29
3
54
75
July
23 %
13
Apr
Jun
•13% May
13
Jun
40%
Jun
24%
Jan
15
48%
Jan
58
Apr
123
Sep
Feb
120
Jan
12
114%
15
Feb
25
11%
Jan
177/a
Apr
19
75%
Jan
96%
Oct
4
85%
Jan
107% July
13
96%
Jan
114% July
96% Apr
105
Apr
100
100
100
104% Jan
4
110
113% Jan
3
119% Apr
10
108 %
Nov
129% July
115% Apr
19
119% Feb
15
113%
Nov
122
$5—No par
Mar 16
26%
Jan
preferredpreferred
preferred
Pub Ser El
7% May
Mar 28
19
No par
—No par
Dec
68%
8% Mar 24
3
19
Apr
90
No par
of N J
7%
15
of Feb 1 >29)
Jun
July
19
.11% Feb
x98
8% Apr
.—
Jun
Jun
19% Jan
preferred—
90'A
117%
17% Feb
,
26%
Jan
No par
Gamble
(ser
Feb
—No par
A
—
Car Co Inc.——,
2d
Jan
19
1st preferred.!
conv
5%
&
—
Pocahontas
class B
& Co
Procter
■
—100
100
5
B
preferred-'
preferred—.
Plymouth Oil Co_
,
!
71
109%
Ash Ry 7% pfd—100
1
13%
17
4% Jan
(The)__
Sep
114% Jan
4
Pittsburgh & West Va———100
25%
11
25
—No par
7% preferred class B
100
5% preferred class A
—100
5%.% 1st ser conv pr pfd—-100
Sep
Dec
113
11% Jan
Pittsburgh Steel Co
Oct
Sep
91%
22
Nov
No par
Pitts Screw & Bolt
16
24%
x51%
104%
164% Jan
Wayne & Chic Ry
preferred.-
Jan
5
1
10Q
100
Pittsburgh Forglngs CO———
Jan
68%
10
fi% % series-—
100
—No par
preferred————100
—No par
5
25
37
29% Mar
Apr
Apr
Hosiery
88
Jan
Nov
109'% Jan
106
series—
25% Feb
Jan
24% Jan
20
j 18% Aug
-21% Jan
3
118
108
,4%%
97% Mar 17__
5
19% Apr
17
52% Mar, 17,p.
3
88% Jan
100
$5 conv
7%
23% Mar
Mar 28
—
-
39%
45%
Jan
July
.—1
(Chas)
5%
104%
4
15% Jan
100
28
86% Mar 28
1% Jan
35%
Oct
113% July
July
400
15,100
Apr
23%
8%
Pressed Steel
13%
5
8
10 %
Poor
4,800
.
Oct
17% July
49% J%n
.
f
Sep
160
20
5,100
•
119%
41% Apr
1,300
38
55%
12%
1,300
102
21%
Jan
Dec
Jan
Mar 23
■3%
26% May
•
9
Dec
28% May
Jan
.
400
:
91%
147
Jan
9
112
1% Mar 27
27 % Apr
19
Jan
45% July
-
10% Mar 17
18
8
Jan
6% May
33% Mar
18
109% Jan
Jan
Jan
15
29
3% Jan
16%
31%
Mar
23%
33
Apr
July
4% Mar 17
3
12% Feb
29
5
32% Mar 17
10
149
4% Jan
33% Mar 28
•43% Apr
'
12
13% July
Jan
12% Mar 27
Jan
Pitts Ft
*168
12
17%
14%
Jan
13% Mar 23
3
3
Feb
80
i
21
14
7%
July
5%
1,140
12%
..
64
6%
20
59%%,:
9%
119
Jan
23
Pitts
.
1,400
54
59%
17%
*118
54%
8
20
'
95
21%
119%
18
12
6%
2,900
■
59%
17%
*118
Apr
Oct
9% Mar 13
Pittsburgh Coal of Pa
J.
<
7%
21%
*12
67%
9% Jan
Pillsbury Flour
'
.
).
5%
9%
55%
Jan
3
Phillips Petroleum
1,300
12%
18
41V2
46
7% Jan
Co__
Brewing
Pncenix
t
900
.
21%
12%
24
Np par
2,700
7%
9%
12%
Jan
.65
46% Mar 24
7%
1,200
'
77
*20%
17%
Sep
38
26% Jan
Pitts C C & St Louis Ry
5%
*17%
'9
154
Jan
142
6
No par
Corp of America
Phillips Jones Corp
135
189%
♦168
*168
12
12
Jun
Jan
28%
Mar 30
37% Jan
'
*168
13
21%
Jan
Jun
39% Jan
par
oreferred—2---——100
Preferred
400
'
*168
Dec
Dec
10%
Jan
17% Jan
-50
5
100
100
RR
,
9.200 '
•
24%
*185
14%
15%
10%
105
Jan
6%
103
Preferred'
>\
175
7%
3%
29
/
9
189%
7%
69
11
153
'
7%'
10
7% Feb
30
175
5%
Sand
Glass
$1 preference com
4.4% preferren
100
103
*169
•5%
21% July
50% July
Jan
5
■
74 %
Jan
3%
19
50
9
11%
23%
v45
Philip Morris & Co Ltd
111
103
Oct
29%. Jan
5
13% Mar 22
9
—No
Cement
1,300
:
110
*11%
12
14%
52% Mar 16
10
No
Philco
*109
111
Jan
4
Apr
2% Jan
t*M
*107%
105
8%
48 % Jan
30
Co
7.200.',,'
85%
*11%
31
18
8% Jan
37% Feb
•
85%
10% Jan
41''
par
3,800
119%
85%
*103
28
Jan 27
20% Mar 22
29
No par
—-No par
100
Phila
8,200
28%
*109
12
105
55% Feb
8
17
Phelps-Dodge Corp
25
Philadelphia Co 6% preferred—-r50
$6 preferred
No par
70
20%
28%
110
Apr
3
Pfizer
1,020
%
97
28%
*107%
July
45
18
Pfeiffer
600
*85 V2
110
Jan:.
9 % Jan
5%
10,000
28%
109
109%
*108%
107
6
Jan
45% Feb
.16
18
13% Apr
Petroleum
1,200
'
106%
23% July
105 % Jan
64
Dec
41% Aug
18
19
116% July
Jan
14
28
18% May
Jan
Jan
18
Apr
Jan
Jan
Feb
Jan
7%
107
101
15 Va
8% Jan
18
Jan
x3%
8% Apr
32% Apr
91%
36-
Apr
5% Mar 13
10% Feb
.148
Jun
24% Mar 16
8
100
12
8
43
8
Feb
45
No par*
Enterprises—;—10
Pet Milk Co
21%
24%
17% Mar 21
7
100
8%
*113
17% Feb
>
:_2.50
Ford
&
800
42%
24%
J 12% Apr 13
24
Apr 13
115% Apr
10
1.600
20%
119%
102
3
51% Apr
'
*113'
119%
29%
*133
4
31
par
Pepsi-Cola Co__——_.————1
Fere Marquette Ry Co—
100
5% prior preferred
-—100
1,300
8
20
-No
Co
&
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
10,700
"p /:W
7%
*41%
20
Jan
par
Peoples Drug Stores Inc
2,200
'V"
13
*96%
Apr
9% Feb
18
Pennsylvania
15,900
400
8%.
21
Jun
14%
93% Feb
Penn
-
200
8
41%
21%
*95%
11
41%
21%
56
57% Jan
$7 conv pref ser A__
;
.
25%
21%
Jan
Nov
Inc—-—Z
1
Mines—1
Penn-Dixie
500
24%
41%
42%
*41%
;
29 %
25%
21%
*42
48%
par
5%
25%
8%
53% Mar 22
4
No par
Penn-Central Airlines Corp—:
1
Penn Coal & Coke Corp
10
1,300
42
8
27
Jan
Consolidated
Davis
Penick
9,400
48
*62%
65
56%
27
Penney, (J C)
4,300
12%
7%
18% July
Jan
23% Jan
Parker Rust Proof Co
.300
47%
*7%
48
13%
*25%
9
*24
13%
/
8
24%
Jan
49%
112
Parmelee Transportation.
2:
17%
29
47%
■
26
8
*58
58%
'
39
*16%'
.::•
Parke
1,700
"
*38%
29%
29
*24
24%
2%
Nov
9%
21
Pictures Inc—1
Utah
*110
7
43%
8
29%
%
>'. ''47
'•
:>
*110
*110%
48%
66%
44%
44%
*16
■
*8%
14%
*25%
38%
48%
43
*66'A
58%
2%
38%
1-13%
8 %
8%
49
*13%
17%
29
24%
29%
*2%
39%
2%
*110%
*110'A
*110%
2%
39
2%
40
July
192% July
122
18% Mar 15
10
Patino Mines &
.V
99
14%
15%
38
Jan
Jan
Jan
54% Feb
Jan
2,700
'
■
99
*2%
23
162%
113
10
100
No
Inc
1,700
%
52
98%
&
Park
500
6
99
99
*14
;;
17%"
99
-
26
Xl3%Jan
par
preferred
Tilford
Park
:
5,900
19%
*52
53
;
>"•
19%
6
2
Jan
100
•
5
'.—10
Co
Cos
conv
Paramount
7,300
1%
1%
27%
18
4%
16.300
80%
>
1%
Paraffine
•
•'
24%
5%
5%
200
,
t""
,
27%
'
2,100
J'
i' VV-
*18%
27%
19
3
49
80
79 Va
1%
.
24%
24%
79
1
1%
27%
S' ' 5%
*47%
*105
.
24%
24%
19
\
3
2%
48%
*47
*105
25
1%
19%
•'*19
19%
2%
2%
48%.
77
82%
*1%
27%
*47%
*105
24
25 %
*19
2%
2%
49
*105
*105
17
8% Jan
i
1
Pacific Western Oil Corp
,—10
Packard Motor Car—
No par
Pan American Airways Corp—;
.5
Pan-Amer Petrol & Transp——5
Panhandle East P L 5.60% pfd-100
Panhandle Prod. & Ref._
1
-
*105
Feb
51% Jan
Pacific Tin Consol'd Corp
5,000
29%; i'.'
9% V
♦9Va
109%
*9%
*-» o CO
109%:
20
38% Mar 13
199 % Feb
122
15% Jan
52
preferred—„—100;
6%
150
.
*
3%
3%
29%
3
—
:
100
:
14
14
14
3%
29%
4
29%
4
preferred non-cum—No par
(Cal)——10
Gas & Electric
1—25
Pacific Lighting Corp.
No par
Pacific Mills.
No par
Pacific Telep & Teleg
100-
'
*14
Dec
1% Mar
26% May
33% Jan
2nd
500
'
1
•
5
4%
■
54
Jan
Nov
Pacific Finance Corp
'
4%
Jan
12%
183% Jan
Pacific
6,200
'
118%
155%
30%
*118%
119
*155%
'■*
156
30
30%
*30
*118%
21
28%
10
xll9% Apr
.12.50
Co
preferred non-cum—-No
1st
■v;.'
31%
20%
No
Coast
Pacific
290
21%
*21%
20%
10
% Jan
19% Mar 11
3
8
No par
No par
s—100
i
5
Outlet Co
so
15%
*12%
68% Apr
Jan
% Mar 11
Pacific Amer Fisheries Inc—-!
410
31%
15%
Dec
12
1,700
v
J-
22%
21
132
40% Jan
Owens-Illinois
11%
*40
31%
20%
Jan
May
v.
*12%
*12%
63%
14% Jan
L-100
preferred.
Glass
10
3
2,000
57%
Feb
1
L
Outboard Marine & Mfg—
68
57
12%
11 Va
*41
•
;
t
-6%
•
150
15
conv
Otis Elevator—
.
70
»
42%
*12
12
12
12
700
3,900
J
S
.
(The)
preferred A_:
Oppenheim Collins
8%
Dec
Jan
4% Jan
Omnibus Corp
>;
120
.
.
'
>
33%
<
*12%
\
-
150.:
*64
57%
•.";"
'
Dec
32%
17% Jan
No par
No par
Equipment
Farm
13
Jan
37% Feb
2.50
Ohio Oil Co
Oliver
5,700
V
18%
-
*32
68
57
57%
11
18%
33%
*64
68
9%
*147
150
Preferred
:
Jan
50
_
Norwich Pharmacal Co
1,300
:'i 101%
11
18%
,
*32
33%
*100
11
18%
18%
150
8%
-i"
101%
•
6%
16%
No par
50
Telegraph
Northwestern
Mar 15
Mar 15
52
pfd_No par
-No par
Airlines
Northwest
13,000
48%
9%
Ry Co
Norwalk Tire & Rubber
1,200
18
*48%
*100
Aviation
American
Northern Pacific Ry
10
12%
50
—50
1
50
100
Jan
15
39
129
10
preferred series
preferred series
800
h
44%
12%
100
pfd
14%
11% Jan
30 % Jan
100
1
5
100
Western
SUpbldg Corp part stk
110
5 %
5'/a
5%
44
West Ry Co
Lack &
Y Ontario &
Y
Northern States Pow $5
43
5%
RR Co
Northern Central
3,800
18%
42%
preferred
& Harlem
North
V*
-V',;
42%
*43%
26
5%%
26,400
15%
18%
*5
28% Mar 14
24 Va Jan
No par
No par
No par
—*9
100
Dock
York
6%
v
10
116
*115
74% July
non-cum
North American Co
7,600
8%
14%
15
116
26% July
Jan
Adjust 4%
100
102
18%
5%
13
8%
*101%
43
44%
13
8%
101%
18
5%
13
8%
101 Va
43
*43%
5%
44
8%
Jan
Noblitt-Sparks Industries
& Western Ry
400
52%
18%
*42
.
14%
*115
A
53
May
11
Norfolk
24,700
*51%
43
18
19%
43
15%
116
*115
'
*101
17%
*52
52
3,200
100
May
31%
Y
IN
.
20
28% Mar 22
N
200
Jan
78% Mar 23
Y
770
120
17%
101 Va
8%
8%
101%
14%
15%
116
*115
8%
*101
102
<
10%
Jan
$5 non-cum
N
«
20% Mar 22
15% Jan
19% Jan
N
1,400
<;
190
*119%
52%
52%
53%
189%
17%
17
16%
37%
16%
*35%
119%
Xll9Va
17%
17%
37%
188
•:
%
44% May
102
62
570
63
%
189%
16%
37%
37%
1»8
188
190
*51%
8%
116
13
62%
63
%
•
Jan
100
40
•
Dec
Nov
100
N Y
100
147%
53%
*19
5%
35
21% Mar
12
27%
40
preferred series A
City Omnibus Corp
New
35%
*145
53%
*42
*43%
*33
146%
*52%
15%
*115
*31 Va
•
Highest
$ per share
94%
2
102% Mar 10
Apr
6%
1,300
12%
$ per share
Mar 13
15% Feb
3
Jan
36
$ per share
Y Chic & St. Louis Co
N
300
25%
12%
146 Va
147%
*51 %
.
102
15%
%
%
190
62%
62
62
%
191%
*101
*24%
14%
;
17%
17%
*36%
191
*146%
147%
*11%
12%
35
*32
35
35
147%
147%
147 %
64%
147%
*64
*11%
Central
97
No par
Yorx Air Brake
*25%
'13% Jan
No par
New
Lowest
Highest
share
No par
preferred
$5 conv
800
f
"
Dock—1
Newport News Ship & Dry
400
101%
38
$ per
Par
4.500
14%
102
*101
37%
•
Lowest
Shares
$ per share.
Year 1943
Range since January 1
NEW YORK STOCK
April 21
Thursday
April 19
share
Range for Previous
STOCKS
PRICES
Wednesday
*101%
101 %
101
33
*38
$ per
share
14%
14%
14%
103
>100 %
SALE
April IS
April 17
April 15
HIGH
T-esday
Monday
Saturday
1944
Monday, April 24,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1668
....
—Nn par..
.37 % Jan.. 3.
45
''Apr
40 Va
Aug
July
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
LOW AND HIGH SALE PRICES
Saturday
Monday
April 17
April 15
$ per share
26 Va
*116%
104%
22
STOCKS
Friday
April 20
April 21
$ per share
$ per share
16%
16%
15%
16%
15%
15%
*110%
112%
*110%
112%
112%
112%
*110%
104%
104%
104%
104%
104%
104%
104%
21%
21%
21%
21%
21%
21%
21%
14
113
14
14
13%
13%
*13%
104%
■
14
*13%
Sales
Thursday
Wednesday
April 19
$ per share
16 %
22
'13%
Tuesday
April 18
1669
$ per
$ per
share
share
16
16VB
16
103%
.21%
21%
,
1,600
14
*13%
14
9
r... 8%
9
lSVs Feb
100
109% Jan
12
113 Va Feb
103
Jan
15
107
193/4 Jan
14
—103
45,700
3
Lowest
$ per share
No par
18
$ per share
Mar 22
18
11
19% July
1043A Feb
114 y« July
Feb
9
92%
22% Apr
1
13% Jan
14V8 Feb
11
10% Jan
8% Apr
69% Jan
10
Hi|hest
$ per share
Jan
123A Jan 21
No par
Quaker State Oil Ref Corp
400
$ per share
Par
Pure Oil (The)
6% preferred—.
5 % conv preferred
Purity Bakeries Corp-*
1,000
21%
Year 1943
Lowest
"
100
112
103%
Range since January 1
Highest
EXCHANGE
17.000
104%
Range for Preview i
NEW YORK STOCK
Shares
16%
*110%
112
for
the Week
10% Jan
12
Jan
107% July
22% Nov
15
July
R
9%
9%
*71 %
72%
8%
8%
"91/a
9%
29%
14%
30%
71%
71%
71%
8%
91%
89%
91
*29%
29 %
29%
29%
14
30%
71%
91%
14%
8%
8%
29%
9%
71%
*
92
83/4
14%
14
14
30
30%
8
30
9
8%
71%
71%
72%
*71
72%
8%
8
8%
893/4
89%
893/4
480
29
28s/«
28%
800
14%
2.000
89
28%
29
13%
14
30
29%
Corp of Amer.
—No par
$3.50 conv 1st preferred—.No par
16,800
89%
Radio
600
8%
X88%
i
■
8%
8
83/a
;
/
*28%
14
*14
293/4
29%
14
293/4
*297/s
30
18%
18%
18%
163/4
18%
17
17
17
17%
17%
17%
36%
36%
36%
36%
36%
36%
36%
36%
36%
36%
30
30
300
*7
8
100
116
100
*29%
*7%
*116
30 %
30
i
8
*59%
*14%
30%
*116
60%
19
15
15
87
89%
*8%
15%
15%
15%
19
19/4
14%
15%
87
86%
87
87%
88
88%
88 Va
90
88
89
89 %
8%
883/4
88%
88 Va
1,100
90
90%
91%
1,600
Rensselaer
Reo
8%
16 V8
16%
16 %
16%
163/a
16%
10,000
*101%
102%
*1003/4
102%
*100 3/4
102 %
20
933/4
7%
7%
7%
*93
94
7%
*8%
8%
94
7%
94
7%
94'
94
93 %
94
82%
93
69
7%
7%
*92
3,200
230
94
69
70
69%
69%
69
69 %
69%
69
12
12%
12
12
11%
11%
11%
11%
ll3/8
11%
11%
11%
*86
86 3%
863/8
87
87%
88
88
88
88
89
89%
90
693/4
693/4
69%
8%
9
*8 34
*9
30%
29 3/i
30%
37%
36%
36%
14%
14%
14%
14%
9%
9%
9%
9%
*14%
30%
9%
30
9%
*9
30
14%
14%
14%
*36%
37%
*36%
*14%
14 3/4
9%
9%
14/4
141/4
29%
*36
8%
30
9
9
29JA
37%
14%
14%
*14%
143/4
*14%
143/4
9%
9%
9%
9%
9'A
14%
14%
143/4
14%
600
5%
*5%
55/8
400
18 3/4
18%
17%
2,200
53/8
*183/4
19
19
183/4
18%
18%
18%
18 5/8
*28%
29
29
29
29
29%
28%
28%
*28%
20%
20%
20
20 Va
19 Va
20
19%
19%
19%
51
51
51
50
50%
*49%
51
50
28%
29
28%
28%
28%
28%
53/8
5 S/8
*50
5%
5Vo
5%
*18%
*5%
*
29%
50%
Jun
12% Feb
■
29%
3
15% Mar 13
11% Jan
15%
Jun
32
Aug
28
Feb
2
303/s Mar 14
26%
Jan
15% Jan
3
Jan
13
20 V8 Mar 21
363/4 Mar 13
14%
32% Jan
26% Jan
35
27% Jan
7
30% Mar 21
22% Jan
30
10
3%. Jan
66 % Jan
80
20
86% July.
5% Jan
V2 Jan
11% Feb
7
8% Apr
18
16Vb Apr 19
1003% Feb 25
Jan
3
6 3A Jan
Jan
63
Jan
11
6
Jan
14
Va Jan
12
Jan
Jun
«/a Jan
Dec
Nov
13%
Sep
May
20
193/a
Jun
93
Oct
Jan
14
69
91% Apr
21
42 Va
10% Mar 11
183/8 Mar 16
102% Mar 24
14
Jan
95 Va
Jan
1013/4
97% Mar 14
73 Va
Jan
Jan
88%
Oct
5%
9 Va
Apr
76
Dec
98
59 Va
Nov
V70
89
Apr
17
70
Apr 17
123/4 Mar 13
85% Apr
90
10
Marl6
3
Jan
Apr
4
RVtJan
28
,Jan
193/4 Mar 17
163/4 Mar 8
95
Jan
10
3
Nov
6%
83/a Mar 16
70% Jan
84
Mar
15 aA Apr
14% Apr 19
X83 % Mar 9
87
14
70
Feb
•
7
127% Feb
Jan
Feb
22% May
21
J43/4 Deo
Jan
4'A Jan
10% Apr
20% July
7% Jan
80
Dec
Feb
Feb
15% July
Jan
933/4
5Va Jan
Jun
11% July
Jun
25%
Jan
32%
38 Va Jan
25
343/a
Feb
39 %
13
153/4 Feb
7
12%
10% Mar 18
7%
Sep
Jan
12
13
9
Jan
5%
Jan
—10
__———.
—No par
Company
Typewriter
1
(The):
No pat
Rustless Iron & Steel Corp—,
J
Co
$2.50 conv preferred
Jan
No par
3
8% Feb 29
Jan
5 Vs Apr
Antelope Copper Mines..
Ruberoid
250
50%
Dec
Jan
30% Mar 22
Roan
6,400
Jun
101%
36% Feb 24
Royal
700
19%
19%
50%
20
28%
28%
193/4
—100
No par
—100
71% Oct
lQVa
Ritter
3,200
*14
1
Motors, Inc..
Common
600
9%
:
25
17
12 3/a May
Jan
3% Jan
54% Jan
21
18
Saratoga RR—100
1073A Jan
4% Jan
59
31% Mar 22
10
.1
Mar 10
9% Mar 16
3
50
...
74
Rheem Mfg Co.———_—.
1
Richfield Oil Corp
—No par
7,900
*36
5
18
28 % Jan
90
Reynolds Spring
1
Reynolds (R J) Tob class B__—10
1,500
1
30%
30*
37%
14%
*5%
*5%
9
9
29%
370
*36
&
18
Apr
85 .Va Jan 27
—100
No par
5 % % preferred—,—...
Reynolds Metals Co
1
5%% conv preferred
340
2,800
37%
8
100
Republic Steel Cor-p
..No par
6% conv preferred
—100
6 % conv prior pfd ser A—100
Revere Copper «fe Brass—.—No par
7% preferred—
_____—100
300
95
95
7%
95
95
8%
.:
Preferred with warrants
1,400
16%
— —
Remington-Rand
4,400
102 %
:5
(Robt) & Co 1st pfd
Reliable Stores Corp
Reliance Mfg Co.
15 Va
101 %
2nd preferred.™50
Hosiery.
15%
933/4
*
94
7%
8%
*18%
1
100
;
Reis
230
.
16%
16%
102V4
*92%
8 3/4
8%
8-%
15
19%
59%
*56
non-cum
Preferred
300
15
8%
4%
Real Silk
800
19%
14%
16%
94%
15
*44 V2
*18%
102%
943/4
58%
*111%
15
16%
73/4
57%
116
19
102%
94
*111%
15
16%
7%
56
116
57
*111%
19
*101%
*92%
73/4
*7
89%
89%
A
30
*29 Va
15
14%
*18%
9%
15
.
7%
19
*86
*89
58
30
15%
15
*86
57
*7%
117
60%
14%
15%
*18
*29%
7%
*113
125
*59%
30
*7
7%
7%
125
*29
preferred
,
——...
600
,
conv
—
Raybestos Manhattan——No par
Rayonier Inc.—
1
$2 preferred
—J25
Reading Company...——
50
4% non-cum 1st preferred
.50
2,100
36%
6%
1,400
18%
*36 V*
Kadio-Keith-Orp" 'um
17 3A Jan
25
3
18
26
Jan
3
14% Jan
5
14 3/4 Apr
6% Jan
20
3
19% Mar 18
July
14
Oci-
July
17>4 May
9Ve May
193/4 Dec
21%
Dec
x30% Feb
10
20 Va
Jan
28
Oct
Feb
19
11%
Jan
Jan
183/0 Jun
50% Aug
23
45
Jan
13
51% Apr
11
43
28
Feb 18
Mar 17
32% Jan
11
27'/4 Nov
Apr
3
Jan 20
2 3/a Apr
Jan 27
Jan
8
Jan 3
Feb 17
Jan
6
Mar 16
109
Feb 16
108
Jan
3
21% Jan 10
2% Jan
5
84
Feb
7
16% Feb 14
47 Va Apr
3
14
113% Jan
24
8 % Feb
1
6% Nov
54% Mar 31
193/4 Jan
S
28%
28%
%
%
is
hi
3/8
%
%
1%
1%
1%
1%
1%
1%
P/8
46%
463/8
47
112%
112 %
112
47
.463/4
46%
112
112%
46%
*112
112
7%
73/4
7%
7%
7V8
7-%
50%
503/4
49%
503/4
47%
39%
*106%
7%
39%
39%
112%
7 3/8
48 %
•
*
108
39%
107
106%
107
*39%
46%
x45Va
50%
107
40
106 Va
108
38%
39
109
%
1%
46 3%
112
1%
,
*1%
463/e
*46%
112
*112
7%
7%
47%
48 V8
*106%
39
*22%
109
109
*109
110
*109%
112
1093/4
1093/4
109%
*109%
112
*109
110
22 3%
*22%
22%
2%
88%
17%
18
3
*2%
2%
881/4
3
*2%
88
87;
18
17
2%
87%
17%
:
88%
17%
15
*14%
153/e
1434
72%
72%
72
13%
13%
13%
13%
74%
*73
75 %
74%
600
Seagrave Corp
1,000
,
7%
230
.
6.100
473/8
47%
107 Va
500
39 %
980
•jq
*109%
109
23
2%
;
*22%
23/4
23/4
24,000
23
23/4
-
,
88
87%
88
4,900
17%
17%
17%
17%
17%
5,500
Serve! Inc
15
No par
Sears Roebuck & Co
Sharon Steel Corp
14%
13%
*74
15
*143A
15
*72
73
*72
73
40
13%
*13
13%
75 Va
13%
74%
—No par
No par
No par
$5 conv preferred—
Sharpe & Dohme—
4.200
107/s
13%
74%
~———1
—:
3,100
75%
*74
11%
11%
U %
10%
10%
10%
10%
*10%
10%
10%
51%
51%:
*51
52
51%
51%
51
51%
51%
51%
*51%
52
27%
27 Va
27
27
26 Va
27%
26
26%
26%
26%.
26%
27
2,300
Shell Union Oil
*3%
33/8
3'3/8
3%
3%
3%
3%
3%
3%
*3%
3%
2,100
25%
25%
25%
25 Va
25
25%
243/4
24%
243A
243A
1,400
Silver King Coalition Mines—5
Simmons Co
,
No par
*24 l/a
25%
24%
24%
24
24
23
23
243/4
400
13
12%
13
12%
13
12%
12%
12%
11%
33%
"V
39
36%
*39%
393A
39%
393/4
*14%
15
14%
143/4
14%
14%
*21%
225/8
*21%
22%
22%
225/8
*32%
33%
24
32%
32 3%
32
32%
*23%
24
23
23%
*22
12%
12%
123/8
12
*23%
12%.
3%
*33%
,
:34%
12%
12%
3%
3%
34%
343/8
341/4
,6.23%
.
343/a
14
273/4
29
273/B
24%
22%
23%
513/4
52 Va
49V4
515/a
60
59 %
59%
5
•
5
4%
4%
6%
*5%
6%
*5%
6%
225/a
493/a
*58%
70
*29
293/4
*58%
4%
53/4
70
*58%
29
29
South Am Gold & Platinum——.1
33%
500
Southeastern Greyhound Lines—5
333/4
2,900
South Porto Rico .Sugar——No par
50
100
Southern California Edison.
.25
Southern Natural Gas Co...—7.50
Southern Pacific Co..—_—..No par
Southern Railway —^——No par
5% non-cum preferred
100
33'A
33%
33%
150
333/4
*150
223/4
22%
14
14
27%
283/s
233/8
50 V4
28%
18,100
59%
360
4%
4%
4%
3,100
6%
200
45/a
45/s
23%
6V4
*5%
37
*58
.
51
*5%
24%
37
59%
233A
50%
*58%
24 V8
*58
45,000
23%
37
24%
*36%
28 3/4
59%
243/4
243/4
37%
*58%
29
59%
24%
*34%
600
*58
50
58%
7%
7%
7
6%
6 3A
•7
.6%
7
8.600
59%
59%
58
59
57%
58
58%
59
58%
59
930
351/4
34%
343/4
34%
35
34%
34%
33%
34%
337/a
34
1,800
*1103/4
113
7%
6%
110%
1103/4
*1103/4
112%
*110%
63
*60%
62%
*60%
62%
*60%
114
*60%
*110%
63
112%
*111%
112%
112%
112%
*109
110%
110%
110%
109
110
293/t
30 %
29
*60%
'
30
113%
33
52%
120
110%
310
29%
4.800
114%
200
114%
.29%
*M2
29%
29%.
113 3/8
*112
*3/4
%
%
%
3A
3A
3A
%
3%
3%
33/b
3%
3%
3%
$4.50
800
3%
5.200
45
42
42
42
43%
43
43 Va
43%
44 V4
49%
52%
493/a
503/4
50%
51%
51
513A
No par >
preferred
—No
preferred—
—No
$6 prior preferred
—No
$7 prior preferred——5_„No
Standard Gas & El Co
$4
2,600
53%,
par
12.800
par
par
par
par
36%
35%
36%
35%
355/8
353/4
36
35%
35%
18,600
32%.
32 3/8
32%
32%
32%
323/a
32%
323/s
32%
7,800
Standard Oil of Indiana—
52%
52%
52 %
51%
52
515/a
52%
523/8
52%
17,000
Standard Oil of New Jersey
25
43
32
43 %
43
43%
423/4
43
43
43
43%
43Va
1,900
Standard Oil of Ohio
25
113%
113
113%
114
8
8Va
*31
31%
64%
64%
64%
13%
13%
13 s/8
10
10%
10
7%
7%
4%%
9,700
31%
31%
31%
31%
31%
31%
31%
300
643/4
65
65%
65%
65 3/8
65%
13%
13%
93A
133/a
13%
*9%
133/a
10
8%
7%
8%
-15-
57%
*124%
126%
124%
124%
534
5%
5%
5%
page
1671.
16%
8
•-14% -14%
57
57
93/4
16%
8
16 V8
16%
8Va
8'%
13%
14%
14Va
143/8
57
57
57
57
57
124%
124%
' 5%
5%
5%
'1241/B
5%.
127
6
16%
*16Va
•
8
141/a
*124%- 126%
5%
9%
""
,
*1241/8
6
.
8Va
141/4
57
127
6%
6.000
500
—No par
Studebaker Corp (The)
Sun Oil Co
21,000
1,700
60
100
—1
(The) L S
■Stone & Webster-
7,000"
37,300
—
No par
Sterling Drug Inc..—
:
10
Stewart-Warner Corp..——5
Stokely Bros & CO Inc
—1
5% prior preferred
—20
Starrett Co
3,700
16%
95/8
16 Va
preferred—
Standard Steel Spring—.
4.100
13
10
16%
see
7%
—No par
25
Standard Oil of Calif
300
73A
13%
8%
For footnotes
.
75/8
65
9%
16%
14%
*1123/4 114
114
7%
13
8%
*57
*31
*112%
7%
643A
10
16 %
57%
7%
113
13 3A
8 V4
-44%- -15—
52
64%
-
*16%
-57%
111%
*1C8%
3%
*113.
8VB
*31
111%
1093/a
2
—
$4,50 preferred——No
32%
53<t'<i4
43%"'.
113%:
•
Conv
36
'■
43%
8
1113A
109
U
52%
36%;
32%
*112
113
111%
110
stkr.tr ctfs—100
Square D Co
-—1
5% conv preferred
———100
Squibb (E R) & Sons
—No par
$5 pref series A
—No par
$4.25 preferred
—No par
Standard Brands, Inc—...—No par
100
60%
111%
29%
29
Spiegel Inc
30
60%
3%
*44
45%
36%
29%
62%
*13
53
53
113
111%
*109 3/8
113
3%
%
4
*44%
1133/8
*113
113%
34
4
6%
*1103/4 111
*110%
30
'
4,700
38%
Ohio
Sparks Withington.——No par
Spear & Co__————
—1
$5.51 preferred-,
-—No par
Spencer Kellogg & Sons—a—No par
Sperry Corp (The)
—
1
Spicer Mfg Co——No par
$3 conv preferred A..
—No ps"
200
24%
*37%
preferred
Mobile &
66
*28%
9,600
60
7%
60
8%
2.500
50%
29
24%
$1.20 preferred-.
Smith (A O) Corp—--
3,200
14
23%
*28 V2
373%
22%
50
*58%
53/4
155
22%
*13%
283/4
25
59%
*33
150
23
283/4
373/4
*57%
3,400
66
24%
58 %
28,500
33A
*58%
373/4
58%
12%
x33A
70
38
59%
12%
33/4
3%
59%
.*58%
70
12%
12
14 ,V
*58
Sloss-Sheffield
620
700
33 %
28
900
500
33%
150
Skelly Oil Co———-15
Steel & Iron—-20
2.900
14%
22%
23%
313/4
23
33%
33%
No par
32
31%
23
35/a
Simonds Saw & Steel——No par
23 %
31%
12%
3%
33
15
...;
Sinclair Oil Corp—.—
57,300
38
(W A) Pen Co——No par
-No par
—10
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc—.—15
23
25
25
*371/4
*113
*313A
31%
X223/4
293/4
*29
22%
150
60
52
59%
5
6%
*14
Shattuck
Sheaffer
130
12%
38
14%
22%
14%
23%
24%
*58%
37%
14%
2334
29%
363/4
123A
*21%
14%
28%
12%
14%
23%
29 Va
5
34%
153
12%
*23
22%
15
.''29 %
24
3%
33%
37%
24%
14%
24
*14%
59%
33%
*150
"
25
*21%
24
24
14 5/8
"51%
3%
33%
:
150
i/i 143/a
,
38%
150
150
7148
33/4
34
34
,
24%
*23
pref ser A
No par
(Frank G)_._——No par
$3.50 conv
600
•
a*a
%
43%
110 Vj
7
38 V8
105
37 %
>4
Xl08% Mar 23
42% Feb
16
3sa
36% Mar
Jan
Va Jan
35
Jan
105% Jan
96
Jan
36 %
Dec
l3/4 Mar
.
,
3% Mar
47 V4 July
114
Sep
12% Mar
44%
Dec
IO73/4 July
43
Feb
112
Jan
6
1093/4 Nov
115
Feb
110
Jan
8
105
112
Mar
253/8 Mar 17
Dec
I6V4 Jan
2
263^
Jun
Jan
4%
Jun
5
59%
Jan
90%
Dec
19 y8 Mar 20
10 Va
Jan
18%
Sep
3% Mar 16
91% Jan
>
1,300
73
*72
74%
.—No par
5
88
14%
13%
74%
*22
3,700
1 Va
46 3A
17%
72
13%
300
Louis-San Francisco
6% non-cum preferred
87 %
,87
143/4
73
15
*71%
2%
V
Lead
JSt
1,500
107%
».
39
112
22%
Va
112%
7%
a
108
*109%
22
Seaboard Oil Co pf Del
%
'
*109
22%
10
100
10
100
■—100'
Safeway Stores—*—.—No par
5% preferred.
———-100
Savage Arms Corp.
—5
Schenley Distillers Corp
—5
5%% preferred..
—100
Scott Paper Co
No par
$4.50 preferred
;
-No par
$4 preferred
—
No par
St Joseph
1,400
29
%
112
23%
112
109
29
109
*109%
1
29
%
1%
29
.
Class A pfd
(4%%
Sunray Oil Corp
—
cum)
...—;
1
No par
—100
—1
13%
63%
12
72
/
9Vb
<
48'%
Jan
Jan
Jan
16% Mar 16
3
3
6
73
Jan 27
75
Jan
6
Jan
4
24
Jan 18
Apr 20
24V2 Apr
3
23
Apr 19
10% Feb 8
Apr
5
14% Mar 13
Jan
5
Jan
Jan
57
Oct
28 Va
Apr
12
173/a
Jan
29
Jun
Jan
27
4
16 Va
Jan
21
Jan
10% May
xl3Vs July
28% Jan
153/4 Nov
22 % Aug
233/4 Nov
7
22
3
28%.Jan
623% Feb
11% Jan
9% Feb
15 Va Feb
7% Apr
13% Apr
18
29
3
10
1
19
19
56
Mar 29
121
Jan 27
5 Va Feb 15
Apr
May
12
Mar 13
23% Jan
111
Jan 26
6% Jan 13
5
Jun
26 3/4 Mar 14
28
18% Jan
Feb 7
Mar 3
Apr 19
Jan
4
23/a Jan
10%
13% Apr
42% Jan
35 %
32 %
51 %
40%
Jan
5%
18
Apr 15
Jan 3
Feb 10
Feb 8
64%
17% July
31 Va
Jan 28
Feb
5
Apr 12
Jan 27
%
23%
33%
40%
16% May
73% May
26
14 Va Apr
4Vt Jan 3
5Va Jan 26
55
Feb 14V
28 3% Apr 19
24 Va Apr 18
36 % Jan 26
56% Jan 27
6
Jan 3
50% Feb 11
33 % Apr 20
110
Jan 28
60
Jan 6
111 % Apr 19
108 V2 Jan
6
28 Va Feb 9
110
Jan 27
73% July
Jan
8%
Feb
113/4 Mar 16
363/4 Apr 19
3V4 Jan 3
28% Jan 10
28% Jan
6
141
Jan
6
x22% Apr 19
13 Vs Jan 17
23%."Jan 3
20
Jan
3
40% Jan 4
54
Jan
7
Jan
Jan
52
.
22
29%
23
,12
9
54
35% Mar 16
27% Jan
14
13% Mar 17
4
Apr
6
Mar 14
35
35% Mar
150
7
Apr
17
24 Va Jan
6
15% Mar 23
32 Va Mar 22
19
Jan
15% Jan
10 Va
Jan
2% Jan
168/a Jan
20 Va
132
Jan
Jan
21%
Jan
103/4 Jan
15% Jan
28% Feb
26
153% Jan
52% Apr
12
35% Jan
62% Feb 29
5% Jan
18
6% Mar 16
Mar 30
58
313/4 Mar 14
42 %
Jan
2% Jan
2% Jan
28
27%
45V4
Nov
Sep
24% July
39% July
Jun
25%
15% July
5
Apr
29 Va
Dec
30% Sep
149% July
25,
Apr
14% Sep
30% May
30% Apr
49% May
66
Apt
6% Jun
6%
Sep
33
Jan
61
Nov
21 %
Jan
35
Dec
6
23% Nov
35V* Mar
39% Mar 25
32% Jan
60% Apr
5
73/4 Mar 13
56
May
44 % July
60
Sep
3
Jan
60% Apr
5
38 3/4 Mar 13
35% Jan
273/a Jan
64% Feb
2
1143/4 Jan
10
112% Nov
8V4 Sep
Sep
July
116% July
70
July
117
Aug
Jan
28
107
110
112% Mar 22
112
31% Mar 21
115
Mar 6
Jan
1
33
Jan
109
Jan
49
25
Nov
Sep
100% Jan
10
4Va Mar 22
50% Mar 22
Jan
'
fs Jan
1% Jan
9
64
42
31%
Dec
Dec
115 % July
2V4 Mar
6% Mar
Jan
38%
Jan
44% Dec,
Dec
58 % Mar 22
10 Va
38%, Jan 11
28% Jan
40
May,/
28 Va
38 %
July
343% Jan
15
Jan
„
>
55 3/a Mar 17
46% Jan
60
43% Apr 12
Feb 15
37 Va
Jan
45Va May.
Va Mar 22
Sep,'
'
114
~5%
NOV
"9%
323/8 Mar 22
25
Jan
65"% Jan
14
Apr 11
113/a Mar 14
68% July
7Va Jan
4% Jan
31% Mar
66
May
17 Va Mar 14
14% Deo
2
53/4 Jan
5%
Jan
48 Va
Jan
9
93/8 Feb
6
16% Mar 13
60 % Jan
125
21
Mar 18
6 % Apr
21
122
Apr
4% Nov
14%
May ,:
Jun
14
July
-Xl7
10 3^
Sep
May
15%
Dec
63% Mar
130
Sep
6
Oct
April 15
$
$ per
per share
HIGH SALE PRICES
AND
LOW
April 18
-7%
7%
7%
7%
19'/a
19%
19%
19 %
80
80
18%
7
7
7%
7
18%
19
NEW YORK STOCK
7%
19%
19
19%
19%
''
2,500
900
77%
77%
77%
77%
22%
-21 %
21%
20%
'
20%
20%
20%
20%
-20%
21
-30 %
31%
-30%
31%
-30%
31%
-30%
31%
-30%
31%
-30%
31%
-10 V4
10%
10%
10%
10 %
10%
10%
10%
10%
10%
*10
10%
30 'A
30%
30%
30%
30
30%
30
30%
29%
30%
30%
30%
4,100
31%
31%
31%
31%
31
31%
30%
30%
30%
30%
30%
30%
3,000
28
28
27%
28
26%
27%
26%
27 %
27
27 y4
27 Va
27%
5,400
6%
V .11,500
21
6%
6
6%
6%
6%
6%
6%
6%
76% " 76%
78
■"
78
79 Va
6%
6Va
6%
•
5% Jan
Sunshine Mining .Co—
10c
Superheater Co (TheJVo par
Superior Oil of Calif---—....—25
v Superior Steel Corp_'.__
100
Sutherland Paper Co
10
'•** Sweets Co of Amer (The)
12%
Swift & Co
—23
Swift International Ltd_
v
8,500
1,000
___
700
$ per
$ per share
P(*r
17% Jan 27
20
Jan
Mar 16
12%
,
May
Jan
32% July
26 %
Jan
33
3
4%
Feb
12 %
Jun
31% Mar 20
22%
Jan
27 Va
Nov
27%
Nov
35.%
Apr
22%
Feb
4%
Jan
4
11% Mar
27% Jan
10
32% Feb
2
26% Apr
18
33 % Jan
5
Jan
82
*14%
31% Mar
.3
6.
May'
Feb
8
24% Mar 22
28
8 % Jan
.27%, Jan
Sylvanla Elec Prod's' Int
No par
Symington Gould Corp—1
Apr
22
.
*
2
■
share
7%
-
Jan
58%
84% Feb
Jan \4
v
29% Jan
3%
21
„•
3
per
$ per sfiare
share
8% Mar 16
3
72.. Jan
Highest
Lowest
Lowest
:!
-21V4
79%
'
Shares
7%
Range for Previous
Year 1943
Range since January 1
Highest
EXCHANGE
7%
7%
19
Sales for
the Week
$ per share
$ per share
$ per share
Sper share
share
April 20
April 19
STOCKS
,
,
Friday
April 21
Thursday
Wednesday
Tuesday
Monday
April 17
Saturday
1944
Monday, April 24,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1670
.....
\7% Mar 13
3
,
.
July
35 % July
8% May
,
'
-7%
48
-45%
48
5%
5%
10%
-10%
46%
46%
5%
11
5%
5%
33%
33%
16%
16%
17%
10%
10%
23%
23%
23%
22
22%
22
-17
17%
17%
17%
16%
17
17%
17%
-55
55%
55%
55%
55%
55%
55-
-
22%
551%
-7%
•
8%
-7%
8%
109%
109%
109%
109 %"
109%
7%
7%
7%
7%
7%
7%
■
-46
47
-45
46%
-45
8
-7%
46
46
•
-4%
12%
12%
-12%
12%
12%
38
38'/a
37%
37%
37
-2%
2%
2%
2%
2%
20%
104 %
14%
14%
104%
104%
104
27%
-27%
27%
14%
44"
44%
44
1
12%
12%
37
36%
2%
2%
2%
■
44%
44%
.
•
19%
19%
14%
104%
105 Va
>
105
103
44
14 Va
.
;
,
44
«
11,080
I
/
■
2,500
2,200
26%
44%
43 %
26%
44
;
12
.
Jan
13% July
7%
19
3
Jan
Feb
16
47% Feb
13 % Mar
-12%
13%
3%
3%
3%
3%
3%
3%
91%.
91%
91%
91%
91%
10%,
92
-10%
13%
17%;
10%,
.
10%
10%
10%
3%
.
-
Bearing——No
15
Jan
Feb
34%
Dec
1 Vb
Jan
3
Mar
26%
■
/ 13; Feb
109% Jan
;
23%
6
10
105%- Apr.21"
3
.
-16
Mar 21
14% Apr
•
July
8%
'
Mar 18
3
4
•'18%-Mar
Jan
9%
Jan
94%
.
Jan
•
Jun
15% July
m
'
103% May
'
'Q 25
23%
Dec
34% Mar.
25
40%
Jan
50
Mar 17
6%
Jan
10% May
'"15% Jan
*'25% July
16% Apr
29 % Mar 14
3
''-Jan
49% Jan
43% Apr 20
par.;
:•
16
.16
'. 16
23%
16
15%
15%
15%
23%
22%
23%
22
31%
31%
31%
30%
31%
30
102%
101%
101%
100%
100%
-7%
7%
89%
89%
-9%
9%
6%
7%
7%
-9%
-101%
102 %
7
89
55% ; 55%
54%
9%
9%
"<.v>
102%
7
9%
....
■£
; *
;
'Corp.'i_v_—L_—L___l
8% Jan
"
1 1,500
t
Mar 22
Mar 25
July
,
17
24% Apr
1 3
4% May
90
May
9% May
Jan
12%
25
--
•:
100
68% Jan
4
—1
8% Jan
X6
5
ll
91% Apr
.
24% July
Jan
-
34V2 July
Jan
*
Oct
101
Nov
99
Jan
9%
Jun
Jan
77%
Jun
6% Jan
11%
Jun
4%
8 Va Mar 22
par-
t,
-
103% Apr
\ 4
Jan
5% Jan
-
Jan
6%:Jan
5
5
32% Apr
100
Jan
1%
17% Mar 21
1
28% Jan
Par
Coach Co--—:——;
Twin
.
94
Vll? ■
21% Feb
par j
!
.
69
4
_
15% Mar
par
preferred—
Jt-No
$4.50 prioripfd——No
Twin City. Rapid Transit——No
; 7% preferred—
$1.50
4% Mar 13
3
Jan
85
preferred—
-2—No par
Corp^———No par
*
440
<
4
11V4
24
14% Feb
3,% Feb
20th Cen>Fox?Film' Corp„^_No
,
X
300
1,100
T
9%
-9%
.
9.700
87%
87
9%
11,700
21% Mar:16
5
'
Tubize -Rayon
.•
4,100
,;
•
9%
13
17% Apr 20
12 % Jan
"
Truax-Traer
600
;
7%
-6%
•
87
86
9%
f
$6
480
30%
6%
9%
>
22%
30 Va
6%
86
5,500
t
16
22%
30%
-101
9%
9%
9%
15%
22%
102%
90%
89
90
15%
30%
•
-101%
7%
10%
10%
10%
22%
30%
-101%
3%
91%
15%
22%
31 Vs
3%
91%
10%
15%
23%
••■',
••;
-
8% Jan
'
Inci 5
St'I—-—No par
Tri-Continental Corp—-1,
Transcont'l "& West Air
Transue & Williams
500
1
t.
__2
Transamerica Corp—„
2.700
2,800
13%
-12%
92
91%4
10%
10%
.
23%
-88%
18
8%
■18
18
17%
-12%
'
3%;
-91
8% •;•
8%
8%4
-
17%
13%
90%
3%
3%
,
■
18%
13%
14 '
-13%
14%
8%,-
8%
18
18%
18
9
8%
9
8%
9
-13%
6% May
26%
8
39% Marld
10-
Jan
Sep
May
'
18
18
49
"
2
'
-8%
9%
Jan
11
Oct
95.
Jan
Jan
3"
23
6% Feb
,
'
Jan
4.
33%
i
Oct
Dec
July
8
Jan
'52
8% Mar 20
.av
14"
53%
2%
112
.
28% "July
Jan
V*
35
•••
16
•
•
Jan
6
Feb
iir:
32% Jan
^-No par
Thompson-Starrett Co—+__No par]
' $3.50 cum preferred—
-Ni par
Timken Jloller
19
«
Jan
4% Jan
Tide, Water-Associated Oil——
$4.50, conv preferred..——_No par
Tlinken Detfoit^Axle^ii.—'j-J-. ..10
,
,6% July
41% July
18
July
16 Vi~ Nov
9
?
31%
Apr
Jan
'
19% Mar 17
55%. Apr 14
6
/ 43
-110
7,000
:.r
26%
26 %4
r
par
—25
Thompson (JR)_—.————
700
.
.-10
Thompson- Products
3,200
;l
v.
5% Jan
•
Dec
8%
"
,
400
V 50% Feb ''14
7
33%
26% Mar 21
13:^
92 1 <Jan
13% May
53% July
Jan
11% Mar 18
■
p or
1 00
Third Avenue Transit
l.ooo
:
,
4
par.
preferred-^—-.-.
Corp.JVo
$3 div conv
9
8 % Feb
.17% Jan
V 12% Jan
.—1 '
;
-
14
26%
44,
'
2%
14%
20
20
14
26%
-
v
V
37
104%
104
27%
26%-
44%
.
12%
"
104%
14%
'
12%
19%
13%
-27
300
37
■2%
*19%-,
14%
-104
;
*•
20
5
-4%
5
-4%
46
-45
12%
2%
20'%
14
5.300
'
-
Jan
Jan
3 Vb
',
6% Mar 27
35% Feb 23
19% Mar 16
par-
/ Preferred L—Thermoid Coi——
150
'
,,
8%
41%
10
•
4
14% Feb
Apr
5%;Mar
a.
5
50% Jan
Jun
45
v
3 V Jan
11
"11% Jan
;
32% Apr 19
r
100
Ry Co--*-;—
Thatcher Mfg:
'
,
f
7%
37
:■
20%
20%
21
-20
8
7Vi
46
-45
4%
*4%
5
5 %
12%
2%'
550
*107Va 109
7%
7%
r
Pacific:Land Trust-——.
Texas & Pacific
Co----'ii_^—N<t
$3.60 conv preferred-—a-No
No
'-'-The Fair—L N o
500
55%
...
r
Pacific Coal & Oil-;——. _10
Texas
;
1.800
ry ;
28
3%
Jan
Jan
/ 35
Mar 17
6% FeD
.7
4% Feb
5%
6
8% Mar
49
10% Mar ?9
,
par
Sulphur—
Texas
5.100
t
17%
-7V»
109
38%
5
55
8
-107 Va
7%
-
17%
-16%
Texas Gulf
5
3
12^'
45% Feb
r25
...
■
't
4,100
17.700
23
(The)_i——.
Gulf! Producing—-il—No. par.
Texas
10,100
:
10 Va
10
55%
109
7
*38%
5
-55
•
6
-22%
17'A
Texas Co
Jan
Jan
4% Jan
/
.—5
Tennessee Corp.;--—-,—a
!
'
-12%
5
*16%
*7%
-
,
46%
•
:.
:/;•
-106%
8
-7%
-109%
-
/
33% N-
17
17%
10
23
9%
1,600
15,900
11%
7
42
—5
TelautographCorp-l—--v——.
700
y?
-50
preferred——
5% % partic
5V«
—9
Talcott Inc (James),;
200
a%V
47
46 Va
5%
33%
,
6
23
,
'
33%
16%
9%
9%
10%
9%
10%
-23%
:
-,>■ mv'4
%
* "11
5%
no %
8
48
-5
46% •'■47
32%
6%
34%
16%
17%
17%
17%
11
46%
••
33%
V"
5Va
-5
46
47%
-7'A
-45%
7%
48
10%
11
•
-7%
-45%
5%,
-5
5%
10%
34%
-34%'
-46
46
'
6
6
6
-17%
11
8
48
-7%
8
48
%
:
47%
47
34%
34%
-45
5%
5'/4
10%
"5%
-7%
8
-45%
7%
71/2
67
11
10% Mar 13
U
55%
55%,
55%
9%
9%
56
9%
9%
9%
78%
■79%
79%
-115%
116 %
-115%
116%
-112%
113%
-112%. 113
79%
79%
107%
97%
97%
97
27
27%
26%
96%
26%
26%
*111%
112
111%
-21%
22
63%
24
24
-23%
-62
-23%
24%
1%
33%
31%
13 V*.
12 %
13%
99%
-99
6%
-6%
n
'
6%
48
"
50%
52
-51
10
9%
28
28
28%
28%
79
78
78
-77%
-4%
4%
8%
8%
16%
16%
47%
37%
37
47%
6
6
43
'
45%
-35.
36%
20
112%
-111
-30%
5%
5%
5%
-42%
44
-43%
35%
37
-35%
37
1%
1%
1%
1%
43%
44%
136%
43%
43
135%
-35%
135
135
-52%
53%
71%
71%
52
50%
51%
50,%
50%
123%
123%
2%
-85%
-15%
16
■
2%
2%.
2%
-84%
86
15%
15%
15%,
-35%
72
-71%
-166
167
i
2,000
60
9%
46%
'
36 Vt
36
5%
111
112%
5%
5%
-9
9'A
1
111
5%
'•
9%
5.100
•
•
12,000
44
44
^
36
4%
71%
>166
167
167
19%
10%
-10%
*40%
41%
-40%
-71
76
4V4
4%
4%
-21%
4
42%
-3%
-34%
37
-69
70
117%
•
-165Va
42%
18%
-116%
-42
4Va
*4
*34%
69
18%
-18%
10%
40
117
42%
-39
4%
116%
42%
-72%
74
-72,%
-73%
76
-73
21%
21%
22
4
4%
4%
4%
-i"
•
50
76
500
21%
117%
-45%
-38%
-116
55
55
116
116
45 %
42%
39
-38%
39%
-38%
33 Va
33%
33%
-111
55%
-116
33
43%
43%
39
38%
38%
38%
38%
33%
33%
33%
33%
34
.,
-150
170
page
,
1671.
110
111
*109
115
-111
115
-111
115
170
-150
170
-150
170
-150
170
40
57% Mar 13
38%
Jan
5 Vb
Jan
12
81% Mar 16
f
9
<
Dec
Dec
21
99
Dec
21% Feb
Jan '
-
•
•
US
9% Apr
Jan
xll9% Jan
27
22% Apr
preferred———25
Stoekyards Corp—i
*1
—j—5
-No par
Universal-Cyclops Steel Corp„—1
Universal Laboratories Inc
1 *
conv? preferred—
—No
—
Universal Leaf
par
Tob_————No pat
preferred^-:—;——4—100 1
8%
Vanadium Corp-of Am
Van
45
Norman Co
Van Raalte Co Inc—
1st
7 %
preferred—.
Chemical Co_—
5%
Victor
non-cum
Chemical
Ry
No par
2.50
~-5
100
-5
1
.100
preferred
.100
Works--———5
Va-Carolina
6 %
—25
25
preferred
Vulcan Detinning
Preferred
Co~
j
,
Jan
4
5
2% Apr
'Jan .13
14% Jan
4
8
.Jan
11
Jan
24
8%
Nov
9%
29%
Jan
29%
Jan
42
32
Jan
44 Va
Jan
130
Dec
46
May
Jan
62
64%-Jan
74
47%
59% July
Jan
125
July
Apr
Jan
4
3
Oct
10
Jan
88
Oct
6
13%
Dec
20% Jply
4% Jan
•:
18
2%
Nov
6%. July
30 Vb
Nov
36% Apr
21% Mar 16
118% Apr
15
11
•76
59%;
15%
102
Jan'
Feb
Oct
.Mar 20
51
Jan
65
Mar 27
57
Feb
67% May
„
11
4
2%
Jan
Jan
117% Mar 21
115
Dec
Mar
7
39 V2 Jan
15
34% Jan
,6
26%
20% Nov
39
4
Oct
44%
8
:62% Mar 24
14
Feb
37%
120
Mar
9
149
12%
Jan
115
Nov
25% July
Jan
5%' Mar 24
52
165 Va
8%; Jan
25%
4
,
41% July
75% July
Jan
Jan
150
Dec
23% Feb
7
21
•56
40 Va
Mar
68
-100
Nov
Jan
112
Jan
47
-——100
Sep
101r
%
28
19
Jun
-Feb
86
;
41% Jan ,25
Apr
46'A
17% Jan
•>•• ,;3
11% Mar 17
38 % Mar 20
July
3% May
3% July
43% Mar 20
7
17
37 Va May
50% Aug
4
*
Jun
29
3
33
8Va July
Jan
»4
38% Feb
Oct
Nov
Jan
9% Jan
114% Jan
Apr
4%
Nov
17% Jan
Feb
Apr
1%
10
16
-•
7%
19 Va
114
Jan
20%
25
52
Jan
13% Jan
108
42%
Feb
Feb
4
Oct
Nov
x42% July
23
Feb
Feb
Jan
24
; 169
4
Jun
30
3 Va Mar 10
4
21% Jan
10 Va
44%
5% Jan:
39%
21
-75
70
Juls
75% Oct
181% Apr
24%Jan
21
63% Jan
168Dec
Dec
19
124% Apr
.
*20
116% Jan
99 Va
.48% Feb
.;;
Apr
Jan
Jan
59
Jan
»Mar
37
Jan
25%
69
'Jan
13% May
9%
Jan
162
31
Jan
84%' Jan
U
55% Mar 16
4
3 V\ Jan
5V^ Apr
20
73
2% Jan 28
76
6
58
-
6 -•
19
■
Mar
138 % Mar
Dec
Jan
48% Mar 21
120
—
non-cum
Mar IS
;
39% Mar JR
13.
7
10
■
46
2% Jan
130
:
100
-j—No pat
Preferred
U S Tobacco-Co
21
.34
:
to
•
Feb
v.6% Mar 23
,100
Jan
-
112
3 f
\ 35% Apr 18
•-
28
26
7
40% Jan /
50% Apr
Feb
23% Feb
5% Apr ,18
8% Jan 25
70
3
39% Mar 13
19
'
5
11% Jan 17
47% Apr
Jan
1
1
17
Marl3
180
•
100
3%
4%
10% Mar 18
75
19
Sep
2%
4.
7
30% Apr
Jun
Apr
76%
60 % Mar
29%
104% Mar
16% Jan ; 3
110 " Feb 10
•'
July
9%
Nov
Jun
26
'•>
66
35
104% Feb
:
;v 35% Jan
5
Jan
•
Jan
5% Mar 16
Jan .10
j
9
2 Vb
Mar 28
.
Sep
Dec
16%
•
Jan
Sep
15%
06
<
3
10
8 % Jan
35%
17
9
.4
Jun
2% May
.
-
23%
6
Jun
x26
Jan
.
2% Jan
.
;3/'v
Feb
.\42
6
18%
39% Apr
•
19
7r
——
K
10% Apr
29 - Jan
Jan6
?
Feb
Virginian Ry Co
.2.300,
Jan
40
200
50
44
2%
7% Jan
'
2
160
1,400
55%
117
43%
-150
117
170
see
33%
56%
117
42%
"
114
-150
footnotes
33%
55%
-116
'
43%
-111
For
57 Va
116%
47
-38%
39
33%
55
116
57%
117
,
-45%
47
17
5
Feb
»
Feb
Chemical
No par
6% div partic preferred—-—100
Va El & Pow $6 pref
—No par
Va Iron Coal & Coke 5% pfd—100
2,900
4%
Dec
170
--No par
1st preferred
Vicks Shreve & Pac
74
Jan
94%
52% Feb
Vick
'
57%
58
-57%
-116
200
7%
Mar 28
100
4 /•
Ref 8i MJn—j.
50
-4——V-50
Steel Corpi.
——No par
Preferred
i
~"'-r-4co
I
.
21%
t
t
1,400
•
20
^-10
-——1
Co
non-cum
United
42%
76%
Rubber
1%
40
■
14% Mar 13
18
,
7% Feb
.
Preferred _—.—;
320
"
Jan
70 <
U S Smelting
10
'
Jan
14% Jan v 3
100
1
United Stores-class A
118%
74
4
41
S
'8%
1.800
■
10%
-21%
■'
U
.
$6
19%
10%
Plywood Corp
U.S Realty & Impt—:
2.000
4Va
37
69
165 Va
-73
-
;
i
600
ii
17%
9TVsfJan
•'
10
U S
•j
•
26
25
4
par
par
Preferred
1.200
2%
165%
166
-72
74
U S Playing Card Co—4
140
16
166
117%
U .S Pipe & Foundry-——
1,900
3
-15%
4
-40
74
22
2%
16
40
74
21%
3
-15%
41%
-71%
74
21%
•
i
86
40%
43%
2%
-84
-10
120
3
preferred——i
,
3,800
45
86
OO -.03 *>
42%
"
2%
10%
44
•
-
'3
45
45%
-84
10%
-43%
76
-...
18%
-117%
-74
74
45%
A—t—-I&jNo
U S Lines Co—
t
'
Chemicals—tNo par
t
•19,500
22%
22%
1% Feb
>
Jun
69%
Jan-
36% Jan
98% Jan
"
—No par
———No par.
Leather Co—4—No
Partic & conv, cl
Prior
300
-
124%
22%
10%
120
44%
124%
19 Va
-117%
120
124
U S
1,400
-
71%
22%
40%
41%
53
123%
18%
11
-71
300
'
1
—10.
22% May
114
Jan
5
28% Jan
U S Hoffman Mach Corp——
5
5%% conv preferred—^4'^—--50,
i
7.800
CO CD V-J Co"
51 Va
-10%
19%
19%
53
71%
70
.
166 "
167
43%
-135%
52%
37
-34%
70
43%
44
136%
3.900
>
55%
xl% Mar
^—100:
j
Foreign Secur__
U S Industrial
i
500
i
1%
15%
4
4%
35%
52%
-71
1%
VA
50%
2%
15%
15%
43%
37
400
109%
•
.
>'
200
31%
36
.f"'
>
—
?,—j——i
1st preferred
;$6
10
v
31%
31%
44
3,100
18
14
!;68
7
.;
Jun
33% July
Jan
16
Jan
22
75% Jan
T U S Freight Co—
—No par
U S Gypsum Co+r—+—u
20
J7 % preferred—
.—100,
50
700
20%
preferred
U S &
1,900
5%
20%
5%
20
1
46 Va ■>
36
46%
86
-84
71%.
-10%
-4%
1,500
'*
176%
9%
v'
51
3
8%
2%
35%
-19%
22
V
72%
176%
•
•>
50%
47
8
3
86
71%
4 %
37
72
*
72
72
2,900
16% '/'!•
23
-45%
47
37
4
4%
-45%
3
-2%
-84%
-21%
■
5 %
114%
Mar 25
•
113% Jan
•
•
40 ,-May
,
17% Jan
26% Mar 29 :•
;
—No par1
—
United Merch & Mfrs Inc_
1
124
93'
23
23%
47
-45%
2%
123
,123%
I
23
lVi
-135
72%
3
-73
31%
44
53%
86
43 %
5%
-9
44
72%
47
-117%
■
31%
30%
52%
51%
-3%
5%
9
9
9%
31,
72%
123%
-35%
-35
5%
20%
54
23
-2%
46%
5%
-111
16%
16%
Nov
Oct
28% Mar
93% Jan
Jan
21
8
Improvement———
United- Paperboard—
390
V
Gas
,
5,200
'
102
x24%
11
27% Mar 16
45% Apr .19
(
Fdy-»_---—-5
/
120
300
8%
8%
.
102
9%
197/a
-71%
51%
-2%
I"
,
6.600
;■
;
4%
176%
20%
-53
123 %
-74
47%
45 %
51%
-
-46%
137 %
-135%
123%
-45%
8%
9%
72%
23
37%
•97'
Jan
Jan
6
—
Fruit Co.
United
102%
Jan
26" Jan
Feb
12% Apr
United Engineering &
United
-4%
102
176%
53
53
72
10
j.
2.800
'
1%
37%
4% ;
13%
71%
1%
45
136%
900
79%
.24%
31% Apr ,19
,
Dyewood CorpI—:j.——:1'
—-100
Electric Coal Cos—-.
>—5'
Oct
July
22
Jan
3
1% Jan ; 3
preferred-—No par
United
■
114%
/ 22%
30% Mar 13
12
95 % Jan
.Preferred
:
T4.700
77 Va
1%
102%
37
8%
178
9%
38%
1%
45%
-135%
-71%
•:•:-•
102%
102
16%
43%
-37
1%
1%
-9
9%
31
43%
38%
-37
76%
-
:;t
'
43
•
.8%
1
270
Jan
15%" Jan
9
106 •
Mar 23
Co—„————5
Drug
United
600
1
-4%'
103
71
* 112 Vt
5%
6
31
31
30%
-111
-9
9%
-9
112%
$3 preferred———;
.
5.700
t
No par
—No par
105%
Feb
113
-20%-Jan
62
Apr
102% July
28
19
.
xll8
Jan
Jan
18
102% Jan
110
Feb
86% May
80%
v
24 "
22% Apr
,
July
"11%
17
12
,19
100% Feb
/
"
560
27%
-27
1%
37
5%
.
United'Corporation—"
$4-75
;>1
9%
26 % Apr
——5
preferred——100
Line's Inc.———10
Dec
•97% Apr
26'% Apr .18
United-Carr Fast- Corp_——No par
United
/;
48
9%
"
78
102%
4%
-176%
36%
20
5%
*
1%
37%
16,
471/4
5%
5%
20%
-111
112%
,
28
77%
,1%
10
36%
37%
-
:
8.600
6%.
••
48
9%
-27
102
8%
103
73 %
-46% '
20%
20%
20%
-111
,
99%
-6
V."
48
9%
77%
:
178
9%
-5%
5%
-5%
...
16%
;
-176
10 %
-47
-37
•10.500
13%
99%
6 V4
*6 •:*"
47
>■:
28
4%
103'%
72
72%
10%
-47
16
177
-173
10%
10%
32%
92 % Feb
,
Car——:—No par
Jan
113
14
11
108% Apr
3
1
.•
59
Jan
8
6
Mar 17
19%
;
•
"•14.700
•
'
72%
72%
176%
8%
102
16"%
16%
6
9%
102
4%
8%
-
-
99%
99%
47%
36%
38%
102%
4%
103%
72%
14
.1%
1%
37%
.
103%
176%
32%
12 %
77%
■
78% *
102
9
9
103 %
103
31%
12%
32%
13
32%
99%
100
1
1%
1%
1%
93 % Jan
•
113% Apr
5
;
>
200
24
-23%
24
lVf
62
62
63
-23%-
1%
-27
27%
.
1%
38%
39%
-102%. 103
4%
-4%
38%
103
24-
9 %
•
38%
120
-60%
-100
116% Apr
19
3
United Biscuit Cck..:———-No
700
*5%
9%
"
-102
21%
110%
^preferred--—
Feb
-
18% Feb
42
X76%
v
Mar 11
82% Jan
•
109% Feb
4%%preferred-- —2———_100
par
5% com preferred—
—100
United Carbon > Cm—
No par
900
-21
45%
50%
77%
,
1%'
1%
1%'
1%
■
■
6 % "
V
-27 :
:•
5 % conv
/ United: Air-
113
,
—-,100
United Aircraft, Corp—
.-
I
'
9%
9%
110 Va
C
110
'
10
7.900
21%
-99%
99
,
6
50%
6%'
,
99
99%
,
6,300
110%'
12.%
,
non-cum
Union Tank
'i
II.000
-21
31%
33%
13
,
23%
110%
"
,'■•
-110
1%
33%
•
103
23%
23%
110%
I
28%
27%
2,000
•..
/:■ 76% Feb 25
California—-v——/251
Union Pacific RR Co—
:
1.400
:
pfd—No par
—No par
series
Preferred $4.50
Union Oil.of
3,600
.
-
t
21%
-23%
1%
99 %
13%
26%
103
110%
t
97%
26%
103
22%
62
1%
24
105
97%
;•
Union El Co of Mo $5
140
1,200
;
110%
-
62-
63"
~
13%
33%
-33%
109%
21%
-110
110%' 110%
1%
1%
1%
109%
■'
21%
21%
23 %
-
27%
26%
>102
-
22%
23 %
104%
'
103
-102
„■
111
110
111%
21% , 21%
110% 110%
-62
63%
111
111
.-62
*
22%
24
23%
102%
102%
112%
187/a
18%
'
27
-
Union
116%
112%
-
97 :• i.
96
-26%
27%
26%
27%
27
27%
103
24
24
96%
26%
78%
-115%
■
105
104%
97%
26%
78%
'
18%
18%
4,900
.V
& Paper——'—_No par
Carbide &; Carb-_—No par
Ma/28
59%
10
9% Feb"-7/ •11
51% Jan
Union Bag
•
-J
113
113
105
.102%
97%
26%
-102%
103
18%
19
'
116%
-115%4
18%
97%
.
27%
27%
27%
103
113%
,
-i-107%
105
108%
108%
107%
116 %
-113
18%
*
19
19
19 %
-19
-115%
113
,
79
783/a
116%
-115%
'i 113
..
79
No par
Under Elliott: Fisher Co
3.500
i
9%
9%
9%
9>A
I,000
56
-55%
55% V;
/
55
9%
78%
;
79
55
:
;
Oct
Aug
Feb
6% July
68% July
X123
Aug
20%
Jan
45
Oct
27
Jan
40
Oct
29 %
Jan
35%
Sep
Jan
110
Aug
Jan
150
Nov
111
Apr
18
80
154
Feb
28
113
'
Volume
Number 4275
159
THE COMMERCIAL
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND HIGH SALE
Saturday
Monday
April 15
,
April J7
S per share
j
$ per
Tuesday
April 1H
j
share
STOCKS
Wednesday
Thursday
April 19
$ per share
$ per share
49
48 3%
$ per
share
$ per share
V', :
*13%
11%
11%
26%
26%
11%
*106%
50
50%
;
11%
26%
26%
107%
.26 %■
108
*106'%
113/4
11%
261/4
*106%
265/8
108
*106%
50-
50%
49%
493A
18
17%
17%
17%
175/s
77%
8%
8%
7%
8:
7%
10%
*9%
10%
93/4
9%
9%
"■
553/4
12%
12%
•22%
22%
•16 %
•25%
26%
8
123/8
'
*16%
8
11%
11%
*22%
*223%
15%
26
23
23
23
81%
82
•82
21%
22
•86
87
86
86
99
99
98%
98 3A
92%
92%
•92%
*
93
•18
107
4%
•.;>.:=■•
4%
.1.43/3
43/s
223/8
16%
223/4
73/4 ".
223/4-
81 3/8
815/8
20
203A
20%
87
87
98%'
99
99%
973A
-/A
7%
8
Webster
22 3/4
1.200
*80
82
:
70
90
90%
91
91%
*114
1145/a
114
•414%
18
18
*17%
107
107
107
*106%
28
273/4
27%
273/4
4%
4%
..,<7
.
4%
preferred
6%
310
•*•'
6%
80
107
9% Mar 17
4%
Jan
4%
Jan
13
8
"45
Western
2,000
4%
Western
.26%
26 3A
5,600
21%
22%
211/8
21%
213/8
'21%
6,200
953/4
94%
95%..
3,700
28
:
107
*106
-
21
21%
68%
106%
107
20%
22%
22%
93/a
•9%
•'
•25%
25%
8%
Jtl 8%
7%
.
8%
83/4
82%
83%
.
68
673A
20%
21
22'A
68
20%
*19%
21%
213/8
21%
9
5%
8%
25
*25
8%
6%
7%
13%
13%
13%
8%
8%.
8%
8%
82%
82%
11%
*11%
20
38
23 3A
23%
25%
114
*100%
*91%
100
*91%
82
583/4
82
63
58
:"*80
*57
*80
63
56
55%
12
57
!
;
"";
*55%
57
400
80
*80
*56%
59
300
82
30
821
63
*61%
63' /
56
*553A
80
;
62%
>$■ //
57%'
•''so
>
».*
'*80
62%
62%,
Aug
16
101
Jan
13
67%
Jan
99
103
Feb
20% Jan
1
273/a Feb
57
23
107
14
Jan
109
96% Mar 23
117% Jan 10
Jan
113A
Apr
4
103
Jan
5
19
Oct
Jun
16 3A
Jan
32% Jan
Oct
873A
119
Jan
Oct
110
Sep
31%
Dec
33/4 Jan
5% Mar 22
7
Apr
2%
Jan
6 Va
Mar 22
534
Jan
11%
10
50% Mar 22
37 y#
Oct
493/4
Oct
22% Jan 20
293/4 Mar 22
22
Nov
24%
Dec
21 !4 Apr
2434 Mar 13
15 y2
Jan
24% May
7% Jan
41
par
14
3
Feb
Apr
19
x91
127% Mar
Feb
7
993/0 Mar 21
81
Jan
100
25
120
Jan
136
Jun
'4
35
Mar 16
31
Jan
40
•253/4 Jan 13
29
Feb
16
22% Nov
29 %
July
May
112%
Jun
32
Jan
133
8
Jan
July
% Jan
52
Mar
60
Apr
Jan
99
Oct
20% Feb
7
223A Mar 16
18
Jan
72
Mar 17
58 3/a
Jan
24% July
71% July
Apr
15
Jan
20
13%
Jan
22% Aug
10% July
'66% Jan 28
18
Feb
7
20 3/a
20
Feb
7
24% Mar
19
8
•
11
7'A Jan 24
Mar 23
33/4
Jan
Jun
-
5
1
Jan
26
63/a Mar 13
73
x64% Jan 24
par
24
5
Jan
14
2%
Mar 15
25% Apr
9% Apr
27
45/8 Jan
20
Jan
40
Oct
86
Apr
Jan
X20%
17
7%
Jan
27
Oct
5
2%. Jan
6
2%
Jan
6
8
Jan
4%
Jan
9%
63A July
-
Motors
Feb
3
12 y2 Jan
1
12
6
10
No par
•
8 Va Apr
14% Apr
3
10
-80y*Jan
4
88% Feb
10 3/4 Jan
5
12ya Mar
10
19% Feb
18
10
preferred
363/a Jan
3
•
No par
:
pfd
Jan
8
Mar 10
16
57%
9%
Jun
14% July
-
9
Sep
100
Jan
86%
Oct
9
Jan
11%
Apr
115
10
Jan
121
Ja~n_25
17%
Jan
39% Jan 22
30%
Jan
2a%
Dec
par
"20% Jan
Jan
100
105
Jan
27
105
Jan
27
104
Dec
149
preferred B
i——*.100
Prior pfd 4y2% series—
100
94
Jan
12
94
Jan
12
1003A
Oct
134
Sep
Sep
473/4 Jan
5
60% Mar 27
443/4
Jan
54
Jun
5.
61 y2 Mar 20
46
Jan
57 Va
Jun
18
87% Mar 14
78'A
Dec
58 ya
Jan
21%
Jan
-
preferred A
6 %
Prior pfd 4ya% Conv series
Wright Aeronautical——No
Wrigley
500
63
Dec
85
24% July
July
•253/a Oct
7%
'
20 y4
Jan
85
preferred
Pow 6%
-
Jan
50 J/a
96% Feb
No par
Woodward Iron Co
v>;
8%
10
106
i,
Wisconsin El
100
8
Feb
26
Worthington P & M (Del)™No
25
114
Mar
89
108% Feb
3,300
245/s
24
3
67% Mar 22
102% Mar 22
Woolworth (P W) Co™__
*91%
9
Jan
3
7.200
*100y2
''
56'".'
Nov
18% Feb
83
12
373/4
25
8 Va July
26% July
793A
Jan
19
20
114
Jan
Jan
97% Jan
—No
Co
800
2V2
5
105% Jan
37%
,
17%
69
Apr
■'*59% Feb
20
■
100
57
80
$6
8% Mar 22
24% Mar 17
83
6
1
Wilson-Jones
200
Jan
20
Wilson & Co Inc
400
/,
3
77
No par
No par
preferred
conv
Sep
Dec
July
100
preferred
conv
Sewing Mach Corp
preferred™
6%
*117
25
55%
59
*61
,
63%
63%
83%
*11%
*91%
56
58
preferred
Willys-Overland
8,300
*100%
*
100
*57
57%
*825/a
38
6% Jan
"22% Jan 26
4
Wilcox Oil & Gas Co,
3,000
12
20
26
No Par
conv
Prior
18,000
82%
'
20
24%
114.
$4
8,400
75%
14
8%
X373A
Jan
6
"
""
/
17%
12.50
White Rock Min Springs
300
'8%
•
273A Mar 16
Jan
16% Jan
White Motor Co
20
8 3/a
73/8
20%
23
Apr
23 Va
Jan
-50
White
.4.
25
8%
Jan
12ya
^50
4,200
53/4
.
15 ya
'4
1
Instrument
3,400
93/a
*133/4
7
19% Jan
3
White Dental'Mfg (The S S)
5,300
68%
83/s
23% Jan
*
Wheeling Steel Corp
$5 conv prior pref
300
213A
*24%
8%
82%
38%
*100%
20%
153/4 July
3 2 3/a
1
No par
5%%
7 330
53A
*117
20
38%
July
Jan
Dec
18
Wheeling & Lake Erie Ry—_100
416
68%
7%
13%-
/
*11%
20%
114
*56
58
82%
.12
20
25%
7
•111
38%
'
Z
7%
7%
$4.50
250
734
22
15% Apr
No par
Westvaco Chlorine Prod
3,300
*83/4
•
25
133/4
*91%; 100
*100%
100
>/:
8
56
22% Feb
No par
20p
:
14
85% Jan
Teleg class A .No
Weston. Eleo
68
213A
69%:
25
.
90;
20%
'•
*20
'
55/8
*68%
253A
-*11%
;
5 5/8
69
.7%
Jan
'
Class B
65
9
9
53A
69
82%
20%
8%
5%
70
Western Union
700
:
99
20 3/8
21
•
*60
/ X99
68
■8%
v
%
20
■\
'
7
3 8 JA
25%
25%
114
•91%
68
69 3/a
*20
*118
20%
38%
20 3/4
•■'• ' 7%
;;vl2./\i i
38%
203/8
38%
20 3/a
65%
100
*
107
20%
13%
*118
•19%
*100%
/••
82%
xl2
12%
119
'
20%
25
13%
83/4
8%
.' 107
100
20%
8%
75/b
13%
7%
14
/ 65
21%
*62
.*68
.
25%
8%
8%
7%
107
*60
100
99%
5%
71
25%
.
n
r
5%'
5%
*68
71
1063A
991/4
*68%
•
vv
9'A
9%
,
5%
5%
•68
v;,
65%
*98%
20%
20'A
22%
27%
107
953/a129
32% ";32%
*27
28%
*62
•
"68%
20%
95
'.
.
128%
27%.
28
21%
68%
,
129
32%
*io6V2
.
129 ::
32%
*27%
65%
100%
99%
95%
"
34
28
•
*62
65%
943/4
/■
131
V
22
21%
;■
*32%
*271/8
/,
/
*129
V
33%
Oct
May
2% Mar
%| Jan
26
24% Mar 22
1133A Apr
Westlnghouse El & Mfg
1st partic
preferred
131
Mar 13
3
19
10
Westinghouse' Air Brake
95%
33%
Mar 31
Apr
19
._100
4%. non-Cum 2nd preferred—100
263/a
*129
2
60
22% Apr
100
263/8
;•
11% Mar 31
9
100
pfd
Supply Co
Maryland Ry
25%
'•
27
27
Jan
*11% Apr
,
1
Auto
26%
'
Jan
1% Feb
par
preferred
1,900
273A
4»/2%
25'A
100 y4
«
3
No par
West Va Pulp & Pap Co
Power
26%
107
.25%
7% Jan
18% May
9% Jun
100
West Penn
25%
•106
12%
Jan
preferred
330,
27.%
..
•82%
54%
15 3/a
_100
2,100
28
•117
Jan
5
;
500
18%
4%
1%
240
•
9,900
34%
Jun
38%
Feb
West Indies Sugar Corp_
West Penn Electric class A__No
10,500
11%
130
109
Mar 31
18
par
.—No par
No par
$4 conv preferred—^
300
455/8
129%
Feb
July
53
—No
ii%
*33%
*27%
103
Dec
113/a May
28 Va
4
50
Wesson Oil & Snowdrift,
"223/4
Eisenlohr
45%
:
40'/a
12
Wayne Pump Co..__
45%'
22%
Jan
1
1.000
7,300
25%,
25
..
"11%
196%
Jan
7!/2
20% Jan
''
3/8l
•
24%
8
5
11
;
12 JA Mar
Feb
Waukesha Motor Co_
45
•27
•13%
13
59% Mar 13
17% Jan
700
1
.
11' v.
:
%
106 3/4 Apr
48
—5
45%
34%
•20 %
1053/a Mar 27
par
Pictures
103/4
129%
«:
11
Fdy & Pipe_
„_No par
Washington Gas Lt Co——No par
44%
•33%
21
27% Feb
300
203A
87
*86
.
Bros
12
96
100%
1
Warren
223/a
*153/4
Warner
400
22 3A
46%
22%
:-(*62
3
19
26 Va Apr
No par
No par
11%
96
•129
Jan
103/8Jan
I
;
44%
22%
*56
preferred
18,900
12
"
22 3A
-
25%
:>/' 4
4%
$7
47%
96
$ per share
No par
:
Class B_
1,500
73/4
114%
273/8
40
100
12% •>12%
:
Highest
$ per share
No par
463/8
22%
68
4%
11%
■
18
*105
100
par
par
No
G & W
preferred
Baking Co cl A
1,400
25%
92
Ward
600
1%
53%
16
97%
18
28
'
10
(Hiram)
12%
27%
$ per share
share
No
47
12%
46%
.27 %
Lowest
No
Walworth Co
16
20%
90%
107
27%
*22%.
87
114%
18
*105
.
28%
28%
28%
18
6,000
22%
97
115
8%
81%
*86
92%
114%
Div redeem
*53
53%
preferred
preferred
300
73/4
20
973A
92
.
■
107 «
*105
107
•28%
973/4
4% %
2,300
18'A
25%
*81
87
....
.
23%
22%
81%
21%
18%
18%
18%
223%
*81
1143/8 .1143/8
114% 114%
$ per
Year 1948
Highest
■
16
25%
■// 7%
7%
7%
•;/'% 223/4
Walker
49%
1%
23%
22%
223A
Waldorf System
Walgreen Co
108
..s
12%
22%
1,400
495/a
'
11%'
1,300
,
*17%
/
1%
22%
Wabash RR 4%%
11%
.
10/
1%
53%
23
25%
21%
1%
53%
.12%
///,:
21%
./
*1%
53
16%
,
81%
•22%
Range since January 1
Lowest
,
Par
2,800
26%
"
ls/8
•'•22%
8
8
8%
*9%
11%
->*•
54%
15%
26
8
9% f'
• r
50 '
ii3A
17
- 26
,
Range for Previous
STOCK
Shares
49%
•.
26%
*106%
%■;
•
18%.
:•
23
,/v
223/4
*22'A
17
1%
'
.23
23
YORK
EXCHANGE
W
-.49%
108
50
*17%
53
553/4
12%
;.
23%
•"
13/4,
l3/4
1%
56
•2.°
•
.11%
50%
50
22
11%
•263/s
18
8%
'»
11%
26%
*26
108
50%;
,*i%
NEW
.
.149%.:.
48%
18%
*6%
..
49
50%
••17%
for
the Week
April 21
.;.vy
503A
50%
•106%
Sales
Friday
,
April 2(1
V)
50%
RECORD
PRICES
'
50%
1671
(Wm)
Jr
(Del)
No
Jan
49
100
80
par
4
Apr
61% Apr
70 *
14
27% Mar
par
28% Mar 16
6
Jan
16 Va
1
12
42 Va
108
Apr
70%
Sep
31-%
Sep
'bf,
*28% .29
28%
28%
28%
10%
10 Va
10
10%
16%
16'A
15%
16%
34%
34%
34%
100
99%
14%
15
36%
36%
36%
5%
5%
5%
•
♦Bid
and
:
,
28%
9%
r1
?
34%
333/4
33%
99%
99%
99%
14%
14
14
14%
35%
5%
36
•
29
*
9%
14%
34
"
35%
5%
4,300
34V4
4,700
99
*
14%
14%
3,200
35%
353/4
3,100
5%
53/a
20,100
5%
310
5%%
n New Stock,
r
Cash sale.'
*;>r-.:
'. •.'/
,
/./
.
v/W/k ■1
;
,//.
Stocks,
:
7
Number
...
of
United States
and Miscel.
Government
Bonds
Bond
Bonds
Foreign
6
3
3
39% Mar 16
3% Jan
19
■*
16% Mar 16
5% Apr
x-Ex-dividends.
y
82
3
17% July
41 % July
Jan
98
Nov
9%
Jan
16%
Jun
19%
•
Jan
37% July
43/4 May
2
17
Jan
Ex-rights.
Exchange
Stocks
Sales
Bonds
$5,162,700
$84,000
$3,000
252,000
28,500
9,568,500
11,740,400
360,000
13,000
327,000
8,000
295,000
1,000
5,000
;
...
>h
6,846,600
399,000
3,892,305
$51,851,700
$1,717,000
■
■
110,000
$2,000
944,000
727,000
86,000
10,000
823,000
200,770
42,000
4,000
640,000
143,080
594,000
523,000
23,000
4,000
550,000
545,000
7,000
1,000
553,000
$3,618,000
$343,000
$21,000
$3,982,000
Wednesday——_———
Thursday..
,,
Total
-•
1944
shares
3,892,308
4,488,763
.
1943
Stocks—No. of shares
73,083,299
Government
$58,500
Total
$44,500
1,717,000
51,851,700
industrial.
2,321,000
$53,627,200
55,821,200
,
Domestic
Foreign government
—
-Total—
Slock and ;Bond Averages
listed
on
are
'
30
20
15
Total
10
65
Indus¬
Indus¬
April
17—
bonds
:
-Bonds10
"
15-
and
the New York Stock Exchange as compiled by
Dow,-Jones & Co.:/
Rail¬
trials
Date—
April
:
the daily closing averages of representative stocks
-Stocks-
,,
roads
ties
Stocks
138.06
39.60
23.02
•137.77-
UtJll-
10
First.
Second
Ralls
49.72
107.10
107.74
.
10
Grade
Grade
trials
Utili¬
Rails
'
Total
ties,"1
Bonds
40
79.60
110.75
101.30
39.32
22.89
49.54
107.10
107.62
79.92
110.75'
101.35
April '18
April -19
136.07
38.20
22.47
48.70
107.05
107.34
78.56
110.74
100.92
135.48
37.75'
22.37
48.40
107.02
107.31-
78.24
110.59
100.79
April
20
136.20
38.26
22.50
48.75
106.99
107.56
78.61
110.60
100.94
April
21—
136.17
38.53
22.55
48.84
107.04
107,71
79.41
110.59
101.19
—
-
1944
April 21
1943
19,381,175
23,844,427
$4,678,000
$62,209,000
$75,377,000
98,000
2,708,000
3,369,000
30,000
321,000
202,000
$4,806,000
$65,238,000
$78,948,000
$3,982,000
? I T; ■' '
Below
Jan. 1 to
1,846,415
343,000 21,000
Foreign corporate
$58,186,700 $1,096,538,500 $1,317,817,550
1943
Bonds
$2,101,200
34,660,000
$896,150
44,099,500
1,059,777,300' 1,272,821,900
April 21
$3,618,000
•/".'
Foreign
1944
$472,000
1,014,145
106,841,803
1Bonds
&
$75,000
832,000
Jan. 1 to April 21
1943
,
Stocks—No. of
$397,000
—
Week Ended
Week Ended April 21
Total
93,190
1,014,145
•
v.'-:
1944
Value)
Foreign
Corporate
115,290
$53,627,200
481,240
Total.
Government
252,240
7,250,600
$58,500
7,793,800
Foreign
Domestlo
•209,575
—
Monday.
11,355,200
8,089,800
1
of
Shares)
21, 1944}
Baturday
12,113,400
11,020,200
533,740
*
Week Ended April
/
$5,249,700
9,288,000
904,395
...
Bonds (Par
(Number
,
1,193,350
Wednesday,
Thursday
•i
101 Va Feb
Jan
Jan
333/4 Jan
Total
537,720
S.
7% Jan
30
Jan
Transactions at the New York Curb
241,860
U.
—
17% Mar 8
38% Mar 16
Daily, Weekly and Yearly
Railroad
,
Shares
.?•/ Week Ended April 21,1944
Railroad
8
11% Jan 31
96
*
wd When distributed.
Daily, Weekly and Yearly
'./.
vim.
»uiV
Special sales,
\
13
100
—No par
1
Corp—
30% Jan
■
-'3
333AApr 19
*
/■
:■
■
s
9% Apr 20
14% Jan
No par
Zenith Radio Corp—
Zonite Products
Transactions ai the New York Stock Exchange
V- :
preferred series A
Youngstown Steel Door
'
Deferred-delivery,
a
4,000
99
35%
5%
Yale & Towne Mfg. Co
—23
York Corp..
1
Young Spring & Wire—
No par
Youngstown Sheet & Tube__No par
1,300
9%
15
- 34
141%
35%
tin receivership,
-
'
28%
/
14%
"
-:
99 •
14%
5%
sales on this day.
9%
■
34%
"
a99
;
35%
5%
283/4'
9%
14%
15-/..
5%
no
29
9% A
14%
36%
asked prices;
28%
:
15%
-34
•
14%
'
10
-*99
35.1
100
14%
100
28%
9%
15
THE COMMERCIAL .& FINANCIAL CHRONICLE
1672
Monday, April 24, 1944
msm
Bond Record
Mew York Stock EjseltaBife
«»
FRIDAY
WEEKLY
-
YEARLY
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
in the week In which they occur. No account is taken of such sales in computing the range for the year.
column headed 'Tnterest Period" indicate in each case the month when the bonds mature.
Interest"—except for income and defaulted bonds.
the week, and when outside of the regular weekly range are shown in a footnote
NOTICE—Prices
"and
are
The italic letters In the
'
'
RANGE
Treasury 4l/4s
Treasury 4s_
Treasury 3%s
Trea i try 3 VisTreasury 3 Vis—
Treasury 3%s
,,1947-1932
,—4944-1954
1949-1956
__1944~1940
—
—
-
.
-—;—..1946-1949
—1949-1952
Treasury 3s™——.——.——1946-1948
Treasury 3s '
—-—1951-1955
Treasury 2%s—
—1955-1960
Treasury '.2%S—*w——
.4945-1947
Treasury 2%s_
—1948-1951
Treasury 2%s
—1951-1954
Treasury 2%s„._
>1956-1959
Treasury 2%s
—1958-1963
Treasury 2%s
——4960-1965
Treasury 2Vis—
—
1945
Treasury 2Vis
—
-----1948
Treasury 2 Vis...
..>>1949-1953
Treasury 2Vis
——-—1950-1952
Treasury 2Vis
———>1952-1954
Treasury 2 Vis——-—-,-1956-1958
Treasury 2%s ————1962-196T
Treasury 2 Vis ———-——1963-1968
.,
,
■
.
2 Vis———June 1964-1969
Treasury 2 Vis ——Dec. 1964-1969
Treasury 2 Vis
-1965-1970
Treasury
2ViS—————1967-1972
2V4S—
—1951-1953
2 Vis—;
.-1952-1955
2 Vis—>—,«——1954-1956
2 Vis
1956-1959
2s—
—-—------1947
2s—.—Mar 1948-1950
2s—
—Dec 1948-1950
2s—_———-Jun 1949-1951
2s——
—Sep 1949-1951
2s—
—Dec 1949-1951
2s.
—March 1950-1952
2s
Sept 1950-1952
2s
.——.-1951-1953
—
Treasury
Treasury
-
Treasury
Treasury
Treasury
Treasury
Treasury
—
Treasury
—
-
Treasury
—
High
No.<
.
111.14
*102.11 102.13
„
102.28
102.29
J-D
*105 .4
__
*110 .21 110.23
J-D
J-D
Ill .9
.—
111.9
103.11
109.12
J-D
__
M-S
,
—
111.9
111.11
J-D
—
J-D
\
>:
M-S
—
__
J-D
—
M-S
..
103.9
*
•
—
-*107
,
103.22
103.22
Jf-8
*103 .22 103.24
J-D
*100 .15 100.17
100.14
100.17
J-D
elOO .5 el00.5
100
100.5
100.5
100
100.5
100
100.6
J-D
100.
.3
J-D
100..5
100.5
M-S
10Q. 5
100.5
M-S
100. 14 100.18
100.9
J-D
*106. 25 106.27
106.9
J-J
J-D
—
M-S
*107. 8
100.11
__
J-D
*102. 3
100.2
J-D
102.5
Z
104.8
*104. 25 104.27
J-J
—
M-S
—
M-S
„
101.6
100.28
100.17
100.21 100.21
105.10
*101. 11 101.13
10ir loT.il
*100.4
,
100.28
Federal Farm Mortgage Corp—
1944-1949
-
M-N
—
100.28
Home Owners'Loan Corp—
4—>1944-1952
——-1945-1947
3s series A
series M
1 Vis
York
New
*101.1
100.16
*100.1
J-D
100.24
101.3
-—1980
Corporate Stock
J-D
109%
109
109%
108%
110%
J-J
AExternal
69
1955
F-A
—1962
A-O
M-S
*85%
90%
5%s
,
1st
series
Finland
French
7s
(Republic of). 7s
(Republic) extl 6s
J-D
A 7s
part
paid
part
paid
AMedellin
s
f 5s
:.S80
(State Mtge Bk)
6%s
7s
(Colombia)
(US)
A Montevideo
series
assented
.1943
to Nov. 5, 1942,
extl 5s of 1899 £
5s of 1899
to
Nov.
s
s
1945
>1945
5,
1942,
1904
to
Nov.
6s oi
to
5,
Nov.
1942,
5,
1942,
84%
94%
1945
1957
M-S
94%
1928————1956
—
1949
^———1953
M-S
1927
5s of
.
Belgium external 6Vis
External
s
f 6s
External
s
f 7s
94%
.
M-N
89
*100
J-J
f
sink
4V4s
1956
1965
loan—
™1963
fund 4y2S_
s
1970
1955
f 5s_.
(Rep of) gold 6s.——1940
A-0
56
56
58%
Rio Grande do Sul (State of)--
stamped
J-D
M-S
...—
*94
A8s extl loan of
*96
A 7s external
F-A
A 6s
J-D
.1961
M-S
77
1$7
M-S
78 y4
77%
78%
64
-197
External readj 4%-4%s_.
1978
External s f 4Vi-4%s—
.—1973
F-A
78 y4
77
78 y4
14
A-O
78%
A 6s
External s f 4Va-4%s—
Refunding s f 4%-4Vis.
3%
external
Canada
—1984
f $ bonds
s
(Dom of) 30-yr 48—
3%s_
3s_
3s
25-year
30-year
30-year
77%
M-N
80
a
J-J
1860
.1961
1967
1968
-
*93
J-J
M-N
A-0
109%
J-J
95
78%
81
109% 110
721/4
10%
14%
..
35%
34%
*35%
100
100
54%
15
108%
94%
1921—.—1940
external sink fund gold
.1968
loan of 1926.——.1960
7s
94%
96
2
104%
Z7,.
98
F-A
J-B
A-O
M-N
98
"7
96
A-O
96%
94
98
98%
96
97
4
94
95
83
85
98
*81
89%
*92
*92
M-N
J-D
94%
M-S
M-S
87
35%
M-S
35%
22
23%
35%
7
103%
103%"
103
103%
53
101%
103%
103% 103%
102% 102 y8
1
101%
103 VB
J-J
18
102%
-Jan
15
1953
J-J
*103% 104%
103%
Jan
15
1958
101%
105%
A Chile
(Rep) External
a 7s
assented
s
f 7s
1942
M-N
A 6s assented
^"3
A Ihi
A Extl
A 6s
s
18%
19%
1
18
18%
19
assented
—Feb
1981
1961
F-A
1981
J-J
Jan 1961
assented
sinking fund 6s
J-J
Sep 1961
Sep 1961
M-S
*19%
y-s
17%
A-O
For
fnotnotes
1962
.
s^e
page 1676.
F-A
A-0
*19%
17%
17%
269
16%
170
17
30
30;
12%
23
18
10%
19
19%
Il%
*21%
A-0
A-O
30
30
1
22%
23
10
14
17%
19%
17%
16%
26%
26%
1
22
22%
2
12
39
2
36
22 %
39%
37%
2
34
37%
50%
50%
37%
M-N
F-A
102
10l%
102
I9
A-0
F-A
39
38%
39
10
35
33%
34
60
30
33%
19%
23%
16%
18%
16%
19
19
19
18
17%
19%
18
16
19
42'/a
!
39%
34%
41%
42%
9
39
42%
33 y8
33
33%
7
29
34%
37%
36%
37%
6
34
37%
36%
36%
6
34
37%
84%
84%
24
81%
84%
(■
SECURMES
'••ru.
,h!S'.
oi;
•'.oti
r ARL MARKS & CP- INC.
■ji'-iO noi,
C Ho a ^
'
FOREIGN SECURITIES SPECIALISTS
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
27
,
FIRM TRADING MARKETS
19%
18
'
100% 103
19%
17%
17%
39
39
19%
20
$8*
*21%
For Financial Institutions
FOREIGN
34
50
22%
22%
19%
is y4
*19%
17%
16%
23%
20%
28'
18
17
*19%
AExternal sinking fund 6s—1962
A 6s assented
40
17%
19%
A-O
Jan
f es
"5
A-O
Feb
assented
18
19 y8
1960
—
sinking fund 6s
A»v external
27
19%
17%
11
1960
AExternal sinking fund 6s
A Extl
105
*25
M-N
—1942
——
105
36%
21
104 y4
J-J
;31%
22%
103%
3s
J-J
94%
105%
22%
«
A-0
A-0
M-S
91
88%
104%
94%
*104%
J-D
A-O
A-0
J-D
M-N
J-D
97%
100
10
94
*87
97
93
100
100%
106%
1948
———1954
; 98%
93%
noy4
1
15
(City) 8s.
-36
100
89
*98
36
32
11
.
__
32
92'
35%
100
81
-Jan
3s
17
80
73%
2 Vis
ACarlsbad
•
18%
16%
mmrnrn
13%
18%
-
80
73%
15%.
13
'mm** "
■
81%
50
10
15
55
106% 106%
95
72
9%
2
17
15
*16
■
municipal loan
—..—1967
Santa Fe external sink fund 4s—.1964
A
10%
*17
J-J
56
.-1957
11%
*14%
J-J
—.1966
56
—1952
(City) s f 5s_———1957
Sinking fund gold 5s_
-1958
Sinking fund gold 6s
1950
Buenos Aires (Province of)
17%
14%
11%
*13
J-J
J-J
J-D
A-0
-
17
•
14%
95
APrague (City of Greater) 7%s—1952
Queensland (State) extl 6s_.
—1947
A Rio de Janeiro (City of) 8s——1940
A Extl sec 6 Vis—
1953
f 6Vis of 1927—
.
"I
*100
58%
s
.
20
A-O
58%
(Central Ry)—
10%
11%
F-A
M-S
J-D
A7s
11%
10%
14%
1958
6s_
J-D
AExternal
J-J
F-A
1953
Brisbane
11%
14%
1944
5s
AExternal loan 7%s
*101
16%
10%
•
M-N
fABrazil (U S of) external 8s—1941
AExternal s f 6Vis of 1926
1957
—,
23
96
11%
J-D
—
100% 100 Vo
16%
89%
Io%
*17
14%
3-D
—..1958
^Stabilization loan s f 7s——1947
A4%s assented—
—1968
AExternal sink fund gold 8s_.—1950
A 4 Vis assented
—1963
APorto Alegre (City of) 8s
1961
94%
12%
1
95
•—
M-8
A4Vis assented
89%
,
15
16
22%
'
M-S
(Rep of) external 7s„_
1959
s f 6s 1st ser—>1960
lAPoland
108 r*
98%
■
*17%
—
agree
A Nat Loan extl s f 6s 2d ser.—.1961
94%
95
Q-J
Q-J
1959
Municipal Bank extl
•84%
94%.
15%
*21%
agree
APanama
J-J
Apr——1972
5s of '25-1955
16
*rr
1957
External sink fund
84%' 84%
62%
99%
(State)—
54%
20%
84 %
19%
84%
62%
—
M-N
1959
A
External
20%
84%
•
*95%
A-O
1958
Oslo
93%
M-N
1952
7s__.
f 5s
4s sink fund extl
F-A
(Commonw'lth)
External g 4Vis of
M-N
—
-
agree
1933
assent.
f 6%s
s
(City)
50%
A-0
S f extl conv loan 4s
16
75%
1
(State)—
55
;
W—1
agree
1954
1913
53
100% iQQ%
93
93%
■'
'
A-O
agree
ANat loan extl
ioo %
20%
16%
lo
18%
""
4s of
external
20%
*57%
M-N
102
Irrigation—
APeru
J-D
101%
21
18%
3-D
59
-1948
S f conv loan 4Vis
.—1971
8 f extl conv loan 4s Feb——1972
—
99%
——
—
—
84 % •84%
-■
J-D
19%
S f external 4Vis—
mm
100
*18%
te.—.
A-O
1954
(Prov) 4s readjusted
ASec external
A 6s
pi57
19
A-0
34%
90
~-4
#
>1954
18%
AExternal sec s f 7s 3rd series—1957
A Antwerp (City) external 5s_
1958
Argentine (National Government)—
92%
34%
—
*86
1968
(Republic) s f 6s series A...1952
Helsingfors (City) extl 6%s
I960
20%
,
84
32%
*103%
1964
A 6s
Haiti
20%
18%
92%
Greek Government—
20%
A-0
A-0
90
85
3
89
*30
M-S
18%
series-
1st
*87%
1949
*18%
7s
90%
——
J-J
1949
(City) sink fund 4%s—
(Rep) extl s f 5s> set A?1903
AStamped assented 5s_———1963
Stamp mod 3 Vis ext to^,«—_ui_1994
Ext sec ref SVis series B_"
—1967
AFernambuco (State of) 7s-i—.u—1947
f
External
A-O
1943
Republic 7s stamped
unstamped
86%
A-O
™1907
J-J
s
Australia
1969
.1969
5Vis 2d series
AEstonla
J-J
AExternal
78%
75
*88
M-S
1943
AExternal sec s f 7s 2d series—>1957
80%
67%
18
A-0
.1945
1957
f 7s series C
77
75
A-O
J-J
f 7s series D—
76%
73%
77
71%
6
1940
*64 y8
s
65
59%
17
A-0
s
65%
11
J-J
A External
59%
78%
M-S
AExternal
~6
65
1943
*19
65%
78
f 7s series B_™—1943
s
112%
149
65
63%
ASec external s f 0%s
20%
104%
65
A-O
§A2d series sink fund 5%s»™1940
Customs Admin 5%s 2d series
1961
External
20%
27
139%
5
110
110
65
1948
.
32
106% 106%
*149
78
1968
AGtd sink fund 6s
(King of Norway) 4s
AAntioqula (Dept) coll 7s A
106%
A-O
* CA
Akershus
65 '/8
57%
21
J-J
Mlnas Geraes
*54
7
1952
gAlst series 5%s of 1926™.
,
Norway
F-A
10
26%
68
Rep Cust Ad 5Vis_—1942
JADominican
External
1947
65%
37%
59%
15
37
1942
New South Wales
AGtd sink fund 6s_
67%
25
65
J-D
AAssented
Foreign Govt. & Municipal
Agricultural Mtge Bank (Colombia)-—
37%
;
36
1
65
M-N
36%
66 Vz
67%
J-D
A Assented
1-1693;
34
36%
J-D
1977
A Assented to Nov.
5, 1942,
AAssenting 4s of 1910—.
NY
34
40
,
F-A
107%
debt
wks
gATreasurv
Broadway, New York
46 Vs
100%
external
A Assented
120
63%
39%
104%
A Assenting
REctor 2-2300
64
57%
.
104%
A Assenting
Teletype
57%
3
*104%
AMexico
Telephone
*36
45
F-A
A Assented
Members New York Stock Exchange
2
83
*36
1949
A4Vas stamped
\
63%
63%
M-N
4y2s
Mexican
Wertheim & Go.
63
63%
,
A-O
loan
Mendoza
Foreign Securities
20%
103%
A Jugoslavia
97
20
103%
Irish Free State extl
City
Issue—
Transit Unification
3%
M-N
20
*103% 108
gold 5Vis
External gold 4%s
101.8
100.5
100. 13 100.14
17%
M-N
Rica
(Rep of) 7s
(Republic of) 5s of 1914—
External
104.8
100.21
*100. 18 100.20
16%
15%
44% '46%
J-J
A-O
1947
6y2s
ASinking fund 8s series B
SADenmark 20-year extl 6s
101.31
101.6
*105. 8
1961
.1970
1953
5%s
—1945
A Czechoslovakia (Rep of) 8s ser A>1951
100.11
101.10
M-S
.Jan
$ bonds™
APublic
.
101.8
*100. 30 101
A-0
18
16%'
16'%
M-S
*101, 18 101.20
*101. 8
1961
Oct
f
s
Colombia Mtge Bank
4%s
*101. 16 101.18
J-D
•*16
16%
2
17%
17%
,
1949
*101. 21 101.23
M-S
J-D
101.31
J-D
—
1951
*104 11 104.13
M-S
8
*16
Sinking fund 5%s
100.18
106.9
M-N
M-S
17%
Vl6%
18%
17 y4 "18%
17%
-J
M-S
>1951
1927™_™
External
107.10
100. 9
a
20Vi
17
*16%
18%
16
-•
A Costa
100.7
100.1
17 :
3
.
18%
18%
17%
17%
*16%
'
—
A-O
M-N
18%
17%
17
A-O
15;.1
16
Cuba
*101. 31 102.1
__
J-D
,.
16%
"(5
*16%
1962
ASinking fund 7s of 1926
.1946
ASinking fund 7s of 1927_™™1947
Copenhagen (City) 5s™>_
1952
25-year gold 4%s—
..™1953
103.31
-y-
—
16%
/
17%
17
i960
1928
of
3s external
103~31
17
J-D
18:;
*16%
'
J-D
High
Low
—
17%
j-d
January 1
No.
(Republic of)—
of
A6s
a
17%
Range Since
Sold
High
*19%
.
—I960
....
.)
A 6s
106~16 106~18
107.2
'*103 .30 104
1962
(Hukuang Ry) 5s
Colombia
103.9
*107 .20 107.22
M-S
assented
assented
A Chinese
*106 .25 106.27
J-D
3s
A 7s
llT-12 112~.6~
111 .20 111.20
,*103 .10 103.12
1961
-.1961
AChilean Cons Munic 7s
;*111 .12.111.14
111.20
J-D
103.6
—1961
assented
A6s
106.27
109.3
*111 .13 111.15
—
A 6s
"
Bonds
Friday's
Sale Price Bid & Asked
—
m-N
>1961
>_
AGuaranteed sink fund 6s:
103.11
106124
*109 .16 109.18
*103 .4
/
6%s>
M-N
1963
A6%s assented—
112:5
*106 .28 106.30
M-S
>1963
AGuaranteed sink fund 6s._
llTi" llTlO
111.20
J-D
-
Treasury l%s
26
*111 .33 112
M-S
M-S
100.19
ASinking fund
*104 .28 104.30
__
M-S
105.18
100.19
105.6
Week's Range
Lastor
■
Low
AChile Mortgage Bank 6%s»i-.™l957
A6V2S assented
—
1957
100.25
Period
.
—
106.9
105.4
A-O
—1951-1955
——
Treasury 2s
105.27
100.11
*105.25 105.27
M-8
Chile (Rep) (Continued)—,
^External sinxxng iund 6s
a 6s assented
111.23
A-O
J-D
Interest
■
,
High
Low
Friday
New York Stock Exchange
Range Since
January!
*111.14 111.16 ;
1953-1953
—June 15 1948
2s
Treasury
Sold
Low
*
'
.
bonds
Bonds
Sale Price Bid & Asked
Period
S. Government
U.
Treasury
Last
Interest
Exchange
<
Treasury
Treasury
Treasury
Treasury
Week's Range
or Friday's
Friday
BONDS
21
(fc:W
•f
New York Stock
WEEK ENDING APRIL
FOE
* Teletype N. Y. 1-971
:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
159
Volume
NEW
YORK
RANGE
Stock
New York
Week's Range
or Friday's
Friday
BONDS
Last
Interest
Exchange
ASao Paulo
extl secured
A6Vas
|ASan
(City of Brazil) 8s
Paulo
8s
extl water loan
A 6s
extl
f
s
secured
A 7s
a4
33%
34
*42 Vi
sec
J-J
1962
extl
39
44
3
38'A
38
38'A
35'A
35
35 W
A-0
*60%
33
15'A
30
35%
56%
63 Vi
1
,i
19
16
1962
M-N
M-
Circular
11'..:;..n%
15'A
18-
'',.'-42
17
17,.
11
1",
10
91
95
91
89
89
65%
95
95
F-A
*88
1960
M-1T
*86
1964
M-N
*87
1979
6s
External sink fund 6s—
($ bonds of 1937)
3%s-4-4%s
External
M-N
61
17%
71%
M-N
—1978
%'
1978
F-A
3%s extl readjustment
1984
1958
1958
J-J
extl conv
Va-4-ft
AWarsaw
external 7s
(City)
A4Vis assented
Railroad
24
*63
60
•
71
60
1
65'A
65
66
A
1953
.1953
1
Stamped
Express coll tr gold 4s
Adams
1948
1947
Coll trust 4s of 1907
10-year deb 4'As stamped-———1946
Great Southern 3'As____1967
Alabama
1st
Power
Alabama
3Vis—_1972
mtge
A 5s
Mfg
bonds
5Vis
J-D
J-D
103
J-D
Am
deb
gold
4%s_
1951
F-A
48
111%
113%
1946
J-D
2
110 'A
111%
deb stk perpetual
5s equipment trust ctfs
1944
110'A 110 Yt
f-A
95%
53
84'A
100'A 100%
104 A T0414
2
100%
101%
105
104
105%
103% 104'A
21
100'A
~4
109%
110%
2
105%
107'A
Atomson
74%
104%
100%
103%
104%
104%
Carolina
J-J
108% 108%
107%
108%
Carriers
102
1C2
94%
96%
385
87
75%
78
2
67
105% 105%
M-S"
103%
6
104%
105'A
103% 104'/a
F-A
4
103%
107%
93%
95
86%
161
103% 104
M-S
2
92'/4
M-N
J-J
104'A
100'A
5s
36
107%
109'A
108% 109
20
108
109'A
M-S
117'A
117% 117%
77
115%
103%
103% 104
39
103%
104%
M-N
109 'A
109
9
107
110
10
63
109%
64
64
Jan
Q-J
:
M-S
86'A
102'A
105
106'A
87
*104
.
F-A
76'A
102%
*85%
.
105'A
106%
121% 122%
58
118%
123
AO
1995
—1995
1955
M-N
1955
gold 4s of
1st 4s
Charlotte
Air
4 Vis
coll gold
106'A
109%
93
106%
109'A
*110'A
109%
J-D
110%
110%
|'*106%
112'A
104%
98% 100%
302
90%
J-D
87'A
85%
89%
512
69
Refining deb 3s
1952
'106
M-N
1948
1948
1953
4s
3'As
J-J
101% 103
102
5
106
Stamped modified bonds—
1st
mtge gold (int at 4% to
Oct 1 1946) due
July 1948
A (int at 1% to
due
;
—1995
C (int at l'/a%
Dec 1 1946) due
1995
Ref & gen ser
Dec 1 1946)
35%
(int at 1% to
due
2000
F (int at 1% to
Sep 1 1946) due—
1996
A Conv due
Feb 11960
'
.
.'Toledo Cin Div ref 4s A—
Bangor & Aroostook RR—
1959
1951
stamped—.
1951
Creek & Sturgis 1st gtd 3s„1989
ref 4s
Con
4s
Battle
23As
Consol
Consol
Division
1st
M
5s
26
1
26
30%
j-j
a-0
j-j
88
90%
83%
92
36
34%
38
146
30
39%
34
36'/«
175
29'A
37%
jZj
45
27%
26%
30%
106% 107%
14
106%
108'A
103%
103
50
100
104%
101%
101% 101 %
4
90%
92'A
255
74
77%
77%
3
75
79%
30
100
101%
33
F-a
a-0
f-A
92
M-N
M-S
1992
M-S
101'A'
—1946
5
136%
96%
3
-
101%
92%
132%
136%
107% 108'A
20
106'A
108%
108% 109
108%
j-j
1989
20
106%
109
*122%
jr.j
—1949
*121
II
121% 122%
120
—
A-0
28'A
j-j
105'A
104'A 105 %
39
105%
104% 104'/a
105
1051/2
1 0
jlj
36
105% 105%
1949
.'.
101%
1971
f-a
102
105'A
100%
104 Va
103
105'A
103
105%
107%
105
84%
102
229
103% 106'A
98
554
98% 102
105%
'«'
'
30'A
60
107%
106
120
21%
659
29%
26%
107%
f-a
mtge inc (conv)
Chicago & Erie 1st gold 5s
36%
105
101'A
35%
j-j
—1989
series A
104
101
F-A
1977
5s
34%
136
M-N
_1996
M-S
ref
35
32
*23%
'
1958
&
24
'
—1996
112
88
1
35%
1948
16%
111%
'111%
j-j
1949
—1997
105%
AGen
inc
92%
106'A
53%
:
52%
j-j
*48
69 »A
J-J
48%
134
56
j-j
*126%
63%
125%
88
12
52%
54
58
127
76%
—
86%
88
47
60%
50
71
Ry—
A
ser
54
87
1947
Louisville
&
j-j
M-N
j-j
2038
mtge 4%s
Ind
ARefunding 6s
*
1982
1988
Chicago Gt West 1st 4s series A
ARefunding gold 5s series
ARefunding 4s series C
63
65%
34
47%
67
J-J
59
60'A
21
45
63
M-N
11%
11%
81
10%
14'A
May 1966
j-j
12%
12%
20
Chicago Ind & Sou 50-year 4s.—__1956
86%
86%
A-O
88%
A.
:V: 505
70%
j-j
96%
99'A
32-
10%
87- J
99%
88%
A
1st
&
A 1st
A-0
89%
89%
92%
354
73%
92%
J-D
51%
50%
53%
504
41%
53%
B_—1947
-1947
5s series A
^^—1966
6S series B
gen
& gen
A
'
99
14%
{Chicago Milwaukee A St Paul—
AGen
4s series A
May 1 1989
gold 3%s series B„May 1 1989
4%s series C
May 1 1989
78
76%
158
74'A
72%
75
22
69%
78
AGen
j-j
81
79%
84
224
76%
86%
AGen
4'As
May 1 1989
j-j
81
80
83%
38
76%
86 %
AGen 4%s series F
May 1 1989
{Chic Milw St Paul & Pac RR—
j-j
AGen
J-D
M-a
51%
55'A
56'A
'
58%
371
46%
58%
50%
53%
319
41
53%
E
series
213
V
51%
50%
F-A
:
38%
37%r39%
M-N
»f* 79 %
'
,
41%
53%
1,226
53%
M-S
31%
41
64 /
148
79%--82
A Conv
adiustment
'■
66%
•
<82
3%s
78
85'/a
.»•
'
69'A
4s
80%
AStpd 4s
85
84%
24
77%
87%
53
57%
419
45%
59%
Jan 1 2000
83%
85%
A-0
15%
14
15%
.106
11%
17%
■'
1987
51%
§ASecured
99'A
A 1st
&
ref
gold 5s——-iAMay 1 2037
129%
A 1st
&
ref
4%s
&
ref
3
6%s
101
AConv 4%s series'A
101
-
■
4
128% 128%
*105% 106
■
-128
.,
104%
106
J-J
105% 106
6
105%
108
F-A
102% 102%
17
101%
103'A
105% 105%
7
104%
106
A-0
F-A
'
*__
96
96
M-N
*1031/4
:
103
M-S
j-d
—
—
—
M-N
85%
: 85
100
128%
■4
—
' M-N
'
*
~8
7.5
76%
78
65%
75
75
75%
6 5'A
74%
M-N
1987
Fed inc"tax
11
—
64
64
*72%
-"■76%
"
p
n
101
^
M-N
.
M-N
73%
__
*99'A
1987
registered
81
M-N
1987
49'A
98%
23
__
*51%
'
5s
AGen 4%s stpd Fed inc tax
1987
AGen 5s stpc( Fed inc t4x__——1987
A4'As stamped
,_i.i
1987
74
11
83%
55%
4s_
56%
189
80'A
F-a
registered
57
•255
80%
83%
85
J-J
J-D
;
,
'w'--
J-J
66%— 69'A
79
t
j-j
j-j
{Chicago & North Western Ry—
AGeneral gold 3'As
—1987
AGeneral
J-J
j-j
1975
AMtge gold 5s series a
A-0
-1955
26
registered
A 1st
series II
56
1949
101
Big Sandy 1st mtge 4s
——1944
Boston & Maine 1st 5s A C__——1967
52%
1949
100'/4
1960
1965
7
4s
11
mtge 3s series G
series H
54
:
100% 101
mtge 3'As
52%
A~-0
4s
3-D
3'As series F_———1959
52%
—1962
gold 4s
cons
2'As—.——1950
1956
debs
..1952
Beth Steel 3Vis conv
Consol mtge
1st
A-0
debentures
16%
J-D
5'As A
A-O
Loan
Indus
Beneficial
12'A
gtd gold 4s_1949
ref
Pa 5s series C—1960
Bell Telephone of
22
1987
3%s
1st 3Vis—-1951
Beech Creek Extension
13
1961
:»* AGen
43
33%
52
& gen ser
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3 % %
to Jan 1 1947) due——
1950
12%
65
Chicago & Eastern "111 RR—
103
37
3
105'A 105'A
M-S
41
35%
89 %
89%
319
'
40%
40'A
J-J
& gen ser D
Sep 1 1946)
Ref
13
1st
100%
ser
gen
A-O
1st & ref 4'As series B
106
B
July 1948
50%
12'A
registered
Illinois
RR—
mtge gold 4s
1st
Prod
Div
{Chicago
& Ohio
37%
32
General 4s
99%
Oct
4s
A
4s
M-S
1964
128
13%
Illinois division 3%s
—
July 1952
A
47'A
12%
Chicago Burlington & Quincy RR—
.
3 *
lll'A lll'A
,
45'A
12%
*62
1987
2d consol gold
111
*105
lll'A
46%
A-O
i.1959
t A Chicago & Alton RR ref 3s
110'A
109'A
--
M-N
Atlantic & Danville Ry 1st 4s
mortgage
8
109'A
1963
mortgage 3%s
Atlantic Coast 1st cons 4s
unified
J-J
Ry—
1st
R &
109%
r'-iio% 110%
J-D
-1946
Line
"
J-D
1958
1910—
1st gold 5s
Atl Knox & Nor
J-D
1960
1905
4s of
f
109
109
Nov
91%
M-N
il959
Potts Creek Br 1st 4s__
1995
68%
80%
_1945
Chesapeake & Ohio Ry—
General gold 4%s
;
Ref & impt mtge 3'As D
Ref & impt M 3'As series E
114'A
121%
Certain-teed
103%v,
1987
Power
103%
53
Through Short L 1st gtd 4s
1954
Guaranteed gold 5s____
i960
§ A Central RR & Banking 5s stmp_1942
69%
103% 103%
101'A
17
1937
Pacific
Y
106
4
82%
4s
N
103%
81%
registered
Central
117%
A-O
4s
Central
66%
16
46
81%
registered
A General
108% 109%
109
52
66%
64%
F-A
t A Cent New Eng 1st gtd 4s
{ACentral of N J gen gold 5s
107%
106%
106% 106%
104%
111
103'A 104 »A
103'A
J-D
1945
AChatt Div pur money gold 4s„1951
AMobile Div 1st gold 5s
1946
Central Illinois Light 3'As
1966
95
103
95%
^
Nov
ARef & gen 5'As series B
A Ref & gen 5s series C
78
112%
Conv
Ref
J-J
78
99%
105% 105%
66% :
j-j
117%
98
112%
109% 109%
f-A
96%
'
*110
M-N
A-O
6
Trans-Con Short L
to
1950
_1962
A-O
:
103%
j-j
M-S
1981
w_
.102%
19
&
w
gold 4s—
91
75
Conv
Ref
Corp 5s
1st gtd
Corp 3%s debs
94
104 A
M-S
1949
—1965
64
105% 106
—
1st
4s
Ji'A
j-j
i960
1st gtd
100% 102%
105% 106%
113% 114 '
Baltimore
4%s___
Ohio 4s
100%
100%
A-0
106
N
& Gen
Celanese
102
105%
Second
trust
Clinch &
Cart & Adir
100
101
102
Collateral
98%
89%
99%
*93
A-O
89%
93
93
93
103
113%
J-J
1954
*8^Carolina Central
103%
113%
General
gold 5s
104
J-J
&
trust
103
A-O
C
Adjustment gold 4s
Stamped 4s
Conv gold 4s of 1909—
Atlanta
Coll
deb 6%s
Ry 4%
104
(Del)-1957
series
4s
General 4s
Atlantic
69
103
69%
103
Pac
Northern Ry
A-O
Income debentures
L &
Can
———1978
Topeka & Santa Fe—
fund
sink
1st
7s
109
{Central of Georgia Ry—
A 1st mtge 5s
§ A Consol gold 5s
Wks & Elec 6s series A_„1975
Wat
118%
117
115%
—1955
102'A
AAnglo-Chilean Nitrate deb
.—1967
Ann Arbor 1st gold 4s__■———1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B—
-1955
117%
1
7
Oct
101
——1956
..1962
3s
107
117%
116
118% 118%
103
A-O
Co
116
4
116% 116%
113
113%
104% 104%
J-D
debentures
12
117% 117%
j-j
F-A
debentures
Tobacco
117% 117%
A-O
M-N
debentures
conv
117%
1956
109
*67
M-S
3'As
3s
105%
4'As_
*104
3'As
Amer
15
gold
5s____
99
1949
105% 105'A
Guaranteed
'
100'A
conv
,105%
15%
10
■10
(May)
Corp
116%
17
17'A
14%
gold
123
1952
is
conv
4
Guaranteed gold 5s
Guaranteed gold 4%s
101% 101%
Telephone & Telegraph Co.—
1961
—1966
American
j-j
J-D
High
118%
L4/U
117% 117%
Guaranteed
101%
Foreign Pow deb 5s___——2030
G Chem conv 5 Vis
—1949
Internat
1969
1970
January 1
Sold
ao.
62
J-D
Amer I
Am
j-j
1950
1950
<
Allis-Chalmers
&
July 1969
1949
income
Called
j-j
Celotex Corp 3%s debs
—1955
A Cent Branch U P 1st
gold 4s—1948
Alleghany & West 1st gtd 4s-——1998
Allied Stores Corp 4%s debs__.
1951
Am
1957
Range Since
Bonds
72'A
■/-
modified
5s
4%s
High
59
14%
A-O
1946
V:•/,
v
modified
5s
Week's Range
or Friday's
Last
Sale Price Bid & Asked
66%
*15'A
A- O
Albany & Susquehanna RR 3 Vis—-1946
3Vis registered
.'Alleghany Corp—
Friday
Interest
71%
F-A
1948
assented
warrants
with
6s
V?',......
Guaranteed
*63'A
F-A
-1948
Albany Perfor Wrap Pap 6s
York 6
Teletype—NY 1-310
68
71%
71%
Canadian
series A plain
Vs
,
New
Bell
Exchange
Canadian National gold
Guaranteed gold 5s
JAbttibi Power & Paper—
§A5s
Exchange
Low
Industrial Companies
and
BONDS
New York Stock
—
72
65'A
65'A
J-D
4-4'/4-4Vis extl readjustment
70'A
Stock
Broadway
Period
1979
conversion
York
Telephone—DIgby 4-4933
—
readjustment
External
37/e-4
.
New
72%
F- A
16%
-•
.
A
request
91
16
s
Members
16
3
J-D
"16%
WRITTEN
on
PFLUGFELDER, BAMPT0N & RUST
17
16
15%
J-D
1958
7s
Mortgage Income Bonds
44
63
M-N
Prospective Prices of the
New Railroad Second
44
38'A
J-J
A Discussion of the
34'A
~6
M-S
—1958
AExternal sink fund
3
'
f 5 Vis
1955
(Republic) extl 8s——1946
Uruguay
.
40
30
15
43
43
*
21
(Kingdom)—
extl
of)
(Prov
35%
50
J- J
1940
'/a s assented
Sydney (City)
a
34
1968
7s
external
series B
ASllesla
M-N
RECORD
APRIL
January 1
Low
High
38 %
^._1956
dollar loan
Serbs Croats & Slovenes
A8s
38 %
_1950
A 7s
§ A Secured
33 3A
_1930
_«
external
A 8s
M-N
1957
f
s
(State)
1952
ENDING
Range Since
Sold
Mo
Hioh
Low
BOND
WEEK
Bonds
Sale Price Bid & Asked
Period
FOR
1673
1st & gen
-
C
—;_May 1 2037
3
-194.0
55
67%
I
80
'
,
r
76%
77%
67%
92%
81 f
1
96
56%
58
17
50
55%
58 'A
10 "<:•
49%
56%
'—A-
49'A
60%
368
11%
17%
103'A 103%
142
101%
103%
65
67%
609
70 'A
70%
69%
69%
73
69%
69%
69%
1
68
73
36'A
45
J-D
J-D
55%
J-D
M-N
*55
13%
14'A
103%
65%
1927
78
*91%
J-J
.
67'%-;:79
*75
J-J
paid.—
10
M-N
mtge 4s ser A w i—1989
parf
76
76
76%
mtge conv income 4'As w i__ 1999
{§AChicago Railways 1st 5s stpa
2nd
:77
65%
76%
76
M-N
1936
stpd_„;lMay 1 2037
4'As
M-N
*73%
F-A
15
61%
>■
V 61
-
65
68%
10
70'A
81
228
61%
1
{Chicago Rock Island & Pacific Ry—
3
92%
101
<
97
4s
AGeneral
103%
•
—1988
—
Certificates
of
J-J
deposit——.—
-
<■
75
'
gold 434s series JJ_—
-1961
mtge 4s series RR——
1960
Alnc mtge 4%s ser A——July 1970
1st
1st
JABoston & N Y Air
L 1st 4s——1955
A-O
*92
■
J-J
M-N
1950
1st lien & ref 5s series B
1957
Buffalo Gen Elec 4 Vis B
1981
Buffalo Niag Elec 3'As series G—1967
Buffalo Rochester & Pgh
Stamped
modified
(i
__
M-N
J-D
Debenture gold
3%
to
5s
.1957
due
1946)
'
109
103%
M-N
89%
§ASecured 4VaS series A
63'A
194
52'A
63'A
AConv
53
56
101%
104%
F-A
103%
101
103%'
101%
104% 104%
*109%
41%
108'A
109%
.1934
A-O
—-
.1952
103
104 %
5
108
112%
18
94%
J-J
.1960
A-0
80
Elec
Power
3%s
—1968
Power 4s
-1966
Canada Southern cons gtd 5s A—1962
For footnotes
see
page
1676.
9'A
94%
10
269
8%
11%
95
42
90%
82
84
5
82
3-D
80
82
9
64%
5s—-I960
J-D
82
82
2
723/4
84%
Dec 1 1960
M-S
17
59%
77
—
Chic T H & Southeastern
Income
111%
56%
240
112%
109%
44%
Chicago
1st
69
21%
29!
26'A
10
21
281
92%
15
89%
93*
79
80
18
*89
90
69
82
86
90
guaranteed 5s
Union
mtge
,
Rr
Indiana
com
Co
deb
1st
Gas &
1st
M-S
Elec
74%
A-0
72%
66%
3%s
.1966
1967
1st
gtd 3%s D
mtge gtd 3%s series E
1971
—1969
103'A
6
101%
103'A
Ref & impt. 4%s
108'A 108'A
8
108'A
109%
Cin
99%
35
95%
100
series E
Wab & M Div
St L Div
1st coll
1st 4s
tr
gold 4s
1977
1991
—1P90
105%
105%
72%
40
55
69
731/4
66
53
66%
■
74
68'A
7
F-A
J-D
M-N
F-A
-
J-J
J-J
M-N
98%
70
111%
110%
112'A
112'A
61
633
72'A
70'A
73
66%
65
68
941/2
88%
93
99%
99
*100
94
74
109%
109%
*112'A
97%
74%
110
110% 110 %
-L
59%
108'/a
109'A
*111%
J-D
103
106'A
104%
110%
'
J-D
A-O
105
104
30
*109
;_1993
A-O
A-O
102%
53
105
105%
a-0
M-N
mtge 3%s
Cin Union Term
1962
5s__—.1952
cons
20
105% 106
105%
.——.—1957
§ADebenture 5s
{AChoctaw Ok & Gulf
Cincinnati
.
74
104% 105
105
J-J
1943
.—
5s_——
82
110%
J-J
.1963
1952
—
4s
89
109
110
J-J
95
.
87
110%
1963
ref 4'/4s series D
t§AChilds
59
■
Station-1-
3%s series F
& West
72% : 74'
*—
74%
—
mtge 3%s series E
1st
56%
27%
1st
ACertificates of deposit
107
109
6
11
104
26
99
9%
J-D
General 5s series B_.
California-Oregon
31 y4
1951
Cleve Cin Chic & St Louis Ry—
General gold 4s
—1993
California
39'A
1951
102
92
•
140
1S51
3%s
Memphis Div 1st gold 4s
26
26%
A-0
.1955
'.
43%
48'A
M-N
J-D
Is)
54'/a
40%
46%
1960
Gold
.
21
%
41%
46%
gold 4%s__
Chic
55
A-O
M-S
Chicago St L & New Orleans 5s
58%
11
—1952
'
—
lll'A 112
J-D
31.
108% 109
'•
{Burlington Cedar Rap & Nor
__1934
833'4
111'/a 111%
M-N
4s
16
*102'/8
M-N
gold
88%
61
F-A
M-N
{ARefunding
88
61
F-A
Bklyn Edison cons M 3'As
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A
1947
'
826
100
57 k
73
66
53%
68
35
82
94'A
THE COMMERCIAL & FINANCIAL CHRONICLE
1674
1944
Monday, April 24,
NEW YORK BOND RECORD
Stock
York
Last
Interest
Exchange
BONDS
Week's Range
or Friday's
Friday
BONDS
New
Bonds
Sale Price Bid & Asked
Period
APRtL 21,
RANGE FOR WEEK ENDING
,
New York
Range Since
January 1
Sold
Friday
Interest
Stock Exchange
Period
Week's Range
Last
Range Since
Bonds
Friday's
or
Sale Price Bid & Asked
January 1
Sold
•
■
Low
Cleveland
Elec Ilium
Cleveland
&
*_1970
3s
C3%s
D
3Vis
series B
ref 4Vis
4%s
Cleve Union Term gtd 5 Vis
1st s f 5s series B gtd
Cleve Short Line 1st gtd
1st
f 4Vis series C
s
F-A
deb
River Power s
debs
Cigar
Consolidated
Consolidated Edison of New
3Vis
3MzS
deb 4s
JAConsol Ry non-conv
91 Vi
90
91%
182
75%
90
61%
63%
3Vis
1st mtge
1st
mtge 3Vis
1st
mtge 3 Vis—
—
mtge 3 Vis
Co 2Vis
f debs__f debs
s
Crucible Steel 3Vis s
Ry 1st 5 Vis
A Deposit
receipts
—
ACuba RR 1st 5s gold
J A Cuba Northern
receipts—
extended to
A Deposit
receipts
Curtis Publishing Co 3s deb
104 Vi
12
49
110
*113%
107 Vi
dl07
103%
105%
109
108 %
110
113'/a
—
113%
Af-S
A-O
v77%
M-N
,79%
—1—1955
—1952
12
109%
22
109%
113%
St. Louis Div Si Term gold 3s
Gold 3 Vis
I
109Vi
lOl'A
J-J
31
103%
8
105%
Joint
ref 5s
lst
series
1963
A__
1st & ref 4 Vis series C„
105%
',77%
J-D
1956
J-J
63
62%
102%
1.01
Af-S
A-O
106
Inspiration
A-O
*102
451/2
59 Vi
45%
59
55
46%
58
$AInter-Great Nor lst 6s series A_1952
A Adjustment
,
Alst
Alst gold
111
Internat
112
6
110%
108 %
•'■J--.
107%
108%
103
IO3V4
A-O
103
99 V2
99
3-D
4
103
J-J
38%
71%
J-D
A-O
2
19
41
681/2
39
*49%
„
50%
134'
47%
61%
21%
49%
172
16%
24%
46%
43
43%
46%
47
13
43%
57'/4
130
57Vi
65V4
J-J
A-O
J-J
Af-S
1972
Af-N
F-A
51%
57%
59%
57%
103
104
18
103
107
107
9
100
103
84%
81%
84%
233
F-A
881/4
851/4
881/2
206
1970
1st mtge 3s
Union Ry 3 Vis series B_
Delaware & Hudson 4s extendedDelaware Power & Light 3s
JDenver & Rio Grande RR—
§ Alst consol 4s
.
§AConsol gold 4Vis
—
J-D
78
77%
•81
203
58%
81
1961
J-J
99
98%
99
36
95%
99%
&
Laughlin Steel 3.%s
Kanawha & Mich lst gtd gold 4s„1990
JKansas City
Fort Scott &
Mem
A-O
—
79 %
92%
105% 105%
51
3-3
,1936
■p
105%
3-3
1936
15
105%
105%
53%
222
45
55
27
46
56
50
52%
51%
5
5%
F-A
4%
4%
46
46
M-S
*104%
52%
5
25
5%
J-J
*115
1961
1961
J-J
67
69
3-3
97%
97
1961
J-J
*98%
1961
1997
1954
J-J
1954
Af-S
tAKreuger & Toll 5s ctfs_
1961
1950
1959
Laclede Gas Light extd 5s
T943
A-O
5%s series C
1953
1960
1997
F-A
99% 100
F-A
99% 100
3
21
93%
97%
1997
J-D
89 %
93
1975
1954
Dec
3-3
fund 4 Vis series C—,_1954
J-J
unguaranteed
Kings County El L & P 6sKings Co Lighting lst 5s
8
6%
lst
111
Kresge Foundation 3%
56
98%
102% 102%
6
41
36
*105
J-J
28
102
107%.
Coll
102%
107%
108 %
18
24%
108%
ref 5 Vis series1 D_.
Lake Sh & Mich
38%
23
ref
&
Coll &
110 Va
Sou gold 3%s_
registered
3 %s
1st mtge
income reg
Lehigh Coal & Nav s f 4 Vis A
Cons sink
Ga Div 1st 5s
Ed El 111 (NY) 1st cons gold 5s
Elec Auto-Lite 2%s debs—
1965
1965
.—1962
5s
stamped—
5s
3Vis
Empire Gas & Fuel
Erie-Railroad Co—
Div
150
107 %
3
110
148%
102%
102%
106
Flintkote Co 3s debs
*106
A-O
92%
94
A-O
.
106%
82'/2
5s_—1943
East Coast 1st 4 Vis
1959
tFloncta
&
Alst
—1974
ref 5s series A
deposit
of
ACertificates
—-
SA2-4s
1982
(Proof of claim)
of deposit
99%
17
101% 101%
—
68%
69
■
,
63
101 %
129
64 Vi
104% IO41/2
1041/8
69%
■
M-N
106
*1061/4 107
M-S
"l
103% 103%
M-N
5s
102
stamped
M-N
103% 104
103%
,
*102
J-D
v>
7
M-S
130
99%
56%
—
102%
*127
V,„;
3- J
96%
106 %
107%
.7
103%
104%
3%
3'/4
1
99%
100%
43
;;
98%
100
98%
10O
•
•"
97%
96%
93
93
5
59
60
12
59
103 % 104
60
104
14
97%
104
97
103%
5
103
103
102
M-S
102 %
12
97%
2
67
100 %
102 %
95
86
84 %
90%
71
75
65%
79
70
*90
97%
86
97%
97%
5s
102
lst
104%
5s
103%
2
^
;
70%
100
98%
42%
59%
56
M-N
13%
;
3-D
_
M-N
13%
12%
■
*103
■
98%
—
<■
13%
11%
2
11%
10
12%
103
103%
> ~3
98%
'
97%
registered
lst 50-yr 5s
debenture—,-
78%
69%
1950
J-J
80
76%
80
148
64 Vb
80 %
Af-N
41%
40'/2
43'%
333
33
44%
40%
40%
40%
2
34
43%
46'A
45%
47 %
201
37
48%
46 %
1955
1944
1951
;
1962
Dock Co 3%s ext to,___——1950
Miami
gen
4s series A^
Long
13%
Long Island unified 4s—;—,
Guaranteed ref gold 4s—
98%
65
56
gtd—,^1965
14
103%
3
121
-
Libby McNeil & Libby 4s
5s
78
.
Liggett & Myers Tobacco 7s—
,
76'/2
68
Lex & Eastern
42
.
65%
130
:,
'
10
i
'
78%
6
67%
103
104%
*71
•
V
78 >/4
F-A
103
4s
•
F-A
__
.'.77
1954
5s
Valley RR—
stamped modified—:.
Lehigh
94%
*77
"V
;
1974
stamped
Lehigh Valley N Y- 4%s ext-
106%
J
386
59%
56
1974
fund 5s
Leh Val Harbor Term gtd
75
F-A
1964
stamped—_
& ref sink
*90%
—1954
^_1964
117
••
—7.
99%
54%
55%
—
io.')
•i'
;
,
2003
——2003
4Vis stamped modified—_—i—2003
4Vis registered
2003
5s stamped modified
—2003
Lehigh Valley Terminal Ry ext 5s_1951
32. i- : 102
•
:
lst & ref sink fund 5s
Y
—
1956
1958
debs
Francisco Sugar coll trust 6s
Machinery Corp 3s
"
F-A
Little
ACertificates
110%
6
4
*3%
108%
109
.
100% 100%
J-D
1954
92
IFonda Johns & Glover RR—
Food
107%
108 % 108%
103 % 103%
A-O
94
80
26
94
*92
J-J
2015
} AFlorida Cent & Peninsular
—
94
175%
■
M-S
,
3-3
—1961
—1958
Rub 3s deb
Af-S
1965
1945
106 %
3
F
Tire &
— —
98
174
106% 107
Af-S
97 Vi
90%
94
♦109 »/s
Lehigh Valley Coal Co—
lst & ref sink fund 5s
Lehigh & New Eng RR 4s A
150
4s
Firestone
J-J
Lehigh & N Y 1st gtd gold 4s
113%
1
150
102% 102%
J-J
-1947
1971
extl 1st 4s
1st mtge 3 Vis
N Y & Erie RR
Ohio
150
J-D
1995
mtge inc 4 Vis series A
A Gen
J-J
106
107%
113% 113VB
113%
;
series B
1st cons M 4s
*107
.
M-N
1970
East Ry 3 Vis
Elgin Joliet &
El Paso & S W 1st
A-O
1948
1956
1995
1950
Div 1st 4s
Ry Minn Nor
East Tenn Va &
J-J
69
91'%
*168
*
51 %
98
94
A-O
W- "4
%
Lautaro Nitrate Go Ltd—•.•* >•>;
A
East
•
109%
114%
5JL
109% 1101/8
■
notes
34
100%
38 %
37
38 %
6%s
Koppers Co lst mtge 3Vis
■:?:
107%
114%
2
108
1061/4
54
J-J
ref
&
491/2
1111/4
*51
A-O
.
105%
104%
*__
,
85%
72%
103
■;
1987
Plain
110%
J-D
M-S
85%
84 %
108
Stamped
21
J-D
Af-N
86%
J-J
109%
35
'105% 105%
105%
85
69 %
J-J
Term
40"%
_
*111% 111%
J-D
71%
Kentucky Central gold, 4s
99% 100%
M-S
-
1
114
1960
5s
impt
City
102%
47
__
V
4%
194
4%
48
109% 110%
A-O
-1965
1st M 3 Vis
Duquesne Light
A-O
1978
series B
_1947
t ADas Plaines Val 1st gtd 4%S„
_1965
Detroit Edison 4s series F
_1966
Gen & ref mtge 3Vis series G.
1970
Gen & ref 3s series H—
s 1995
Detroit & Mackinac 1st lien gold
-1995
ASecond gold 4s
-1961
Detroit Term & Tunnel 4Vis
.1950
Dow Chemical deb .2 Vis
.
-1962
Dul Miss & Iron Range Ry 3%s_
-1937
ADul Sou Shore & Atl gold 5s_
lst 3s
33
86 >/2
Kentucky & Ind Term 4%s
.
ARef & impt 5s
86%
83%
81 '/4
841/2
84%
84V2
82%
Apr 1950
&
4%s
F-A
1950
A-O
82%
81'A
A-O
.
72%
lst 4s
Ref
Kansas
■
1955
AGeneral s f 5s_—,
A Assented
105%
279
90%
91 %
A-O
_1973
<JTv
Western
& Rio Grande
% Denver
Kansas City Southern Ry
108
2
92%
106% 106%
Jlf-N
100
98%
*99
-
Ry—
__1936
gtd 4s
of deposit
ACertificates
Y
5
1959
J-D
_1963
88'%
K
101%
100
2
/
Jones
52
40
:
61
4%
4%
4%
3
James Frankl & Clear lst 4s
§ARefunding
J-J
,1965
84%
77%
Af-S
D
Dayton
1081/4
97 Va
*100% 101
'
Dayton P & L
105 %
,
100%
5
97%
97%
97%
571/4
105
'
J-J
1952
5s
__
101 % 101%
'.«
54%
19%
1955
Debentures
53
*63%
50%
47%
74'/2
v
58%
62%
4
50
50
Y
71%
58%
*63%
—.
103%
72 %
1
57%
57%
J-D
106%
101%
.
20
1955
—
60
59
103%
104%
10
>■;
106
54%
53%
6%s
62
$ A Iowa Cent Ry lst & ref 4s_____ 1951
62
20
51 %
ref
&
44
..
53
1947
series A
lst 5s B
lien
68%
103
J-J
1947
Int Telep & Teleg deb gold 4%s
99%
46
58%'
49%
_
95%
24
99%
58%
v
■
6s
1st
98 Va
A-O
1944
6s
series A & B
Paper 5s
Ref sink: fund
111
110% 111
El deb
52%
30
J-J
1956
;
72%
57%
176
*109% 110
1956
Int Rys Cent Amer
108%
13
*__
•
J-D
1955
Internat Hydro
iioy8111%
'
—
109
109%
10
July 1952
B_
5s series C_„
108
4
•108% 108%
110% 110%
6s series A
series
5s
93
78%
243
60%
Indianapolis Union Ry 3%s.ser B-1986
Inland Steel lst mtge 3s series F__1961
56
•
1
69%
*
108 %
55%
77%
671/2
64%
103
——
105%
*—
72%
65
26
93
67%
68%
J-D
J-J
IO71/2
*„
72
:
--
92
—
103%
3-3
84%
36
77%
76%
12
3-3
72
59%
•
F-A
-1963
—1952
90
~3
84%
1
_1950
Cons;Copper 4s
79%
*92'%
46
111
641%
g7 .... 100
i
8
103% 104
M-N
48%
312
■'
27
107% 108
M-N
Y
"
71%
106% 107%
107Vi
■
72%
108
M-iV
;85%
72%
107
M-N
'77
67'A
70%
.70%
103%
Af-N
60%
■
J-J
Ind 111 & Iowa 1st gold 4s__tAInd & Louisville lst gtd 4s_
•
84%
J-D
*—
58
'
\
J-J
3-3
74
13
82
99%
'*87%
84%
F-A
J-J
103%
104%
3-3
1951
111
4
—
'77 777L, 7\
'
Springfield Div 1st gold, 3 %S—1951
Western Lines 1st gold 4s
1951
111 Cent arid Chic St L & N O—
113%
~5
A-O
81%
101
62%
*98%
•
78%
60%
76%
84
60%
"J
:
65
80
.
72%
74%
60%
.
J-D
<3-3
1951
1951
/
113%
109% 109%
104
F-A
1_1950
97
64
173
82
82%
.
62%
.
80
71
."75
100%
.—»•
*4
64
76I/2 >..77%
78
71
M-N
M -N
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3si
—1951
111
102% 102%
104%
3-3
1953
'. '• •v.'
" -
96%
64
_1953
-I960
f.V
*96%
1952
.
103 %
101%
100
J.
*97%
'
—
_____l951
Litchfield Div -1st gold 3si-
t
131
107
14
123 Vi
F-A
A-O
14
*100%
''
111% 112
*113'/a
102% 102%
102%
3s sterlings—■
Collateral trust gold 4s
Refunding 5s_—
40-year 4%s__—
Cairo Bridge gold 4s___
\
109 Y
110
109% 110%
112
65%
32%
Collateral trust gold 4s_:
104%
J-J
1946
series B
Y
3-3
1946
Deposit
52
103
*109
J-J
—1952
extended to
>
J-D
receipts—
Deposit
A7Vis series A
64
112
104
105
55%
27
A-O
Refunding 4s___
Purchased lines 3 Vis
104% 105 Vi
62 Vi
160
208
J-3
_
1965
-.1967
1970
1966
1969
1950
1955
1942
mtge 3Vis
—___1951
gold 3%s_—
1951
plst
91
83
90
63%
28%
J-J
'
May
Power Co—
Consumers
3-3
1951
1st,gold 3%s„_i
.
.
62%
27
>
Extended. 1st
91%
F-A
1954
4s
ADebenture
1981
'
-
.
98 %
M-S
-1955
1956
4s_
Debenture
A6s
84
A-O
1948
1956
1958
1951
debentures
debentures
Consolidated Oil conv deb
3'is
A
102%'
124
J-J
York—
debentures
3Vis
A
92%
97 Vi
Af-N
1°58
1951
f 3%s A
1961
3 Vis s. f. debs-1953
Conn
Crane
24
95
A-O
w
w
63
28%
■/
"
J-D
1961
Conn
1st
101% 102 Vi
96 Vi
A-O
3ViS
Ry & L 1st & ref 4Vis
1st
Illinois Central RR—
lst gold 4s_
106
A-O
—Apr 11969
Commonwealth Edison Co—
1st mtge 3Vis series I
1968
A
Illinois,Bell Telep 2%s series A
102
High
Low
No.
107%
106
100 Vi 100%
A-O
extl gold 4s__1948
Columbus & Sou Ohio El 3 Vis
1970
Columbus & Tol 1st extl 4s
1955
A Commercial Mackay Corp—
A-O
High
107
—
100%
M-N
Feb 1957
-
100%
*106 Vi
—
—
A-O
Columbus & H V 1st
Income
AAdJ income 5s
F-A
05
*106%
J -3
May 1952
Debenture 5s
108
Low
1957
18
F- A
1980
4Vis (stamped modified)
Columbia G & E deb 5s
:
Hudson & Manhattan lst 5s A
107 %
1
107 Vi 107 Vi
I
High
107
& Southern Ry.—
Colorado
Conv
' / ;
.
*107
1945
1970
gtd 4s
*
Colo Fuel & Iron 5s Inc mtge
Coal River Ry 1st
106%
37
107% 108
M-N
1948
1950
1977
1981
1961
,1972
1973
1977
gtd
General 4Vis series A
Low
No.
,
gtd
Series
&
307%
Pittsburgh RR—
Series
Gen
J-J
High
Af-N
45
45
1
35%
Af-N
54
57
56
42 %
A-O
76
49
64%
yY 45
A-O
Y 76% '
'/•
*126
•.
y
J-J
——
v
103
-
F-A
121
'
78
125%
105%
107
103
104 A
*104
120%
122%
104
2
105
*108
A-O
23
15
1031/B
120% 121
M-N
57
123%
'
•
105% 106%
•
A-O
77%
105
1949
1949
Af-S
Af-S
104% 104%
28
104
105'
1949
Lorillard (P) Co deb 5s
1951
3s debentures
1963
Louisiana & Ark lst 5s series A—-1969
Louisville Gas & Elec 3%s
1966
Lou & Jeff Bridge Co gtd 4s
1945
Af-S
104% 104%
3
104
105
119%
119% 119%
1
119%
120%
A-O
102%
102% 103 %
55
102
103 %
J-J
98%
4s
stamped
:
103%
F-A
.
Steel
Gen
5 Vis
1949
1949
103%
Ala Ry 5s
Oct 1 1945
29%
Elec, of Berg
Gas &
Co cons 5s
Castings
JAGeorgia &
1st gtd 5s
Grays Point Term
General 5s series C
General 4Vis series D
General 4Vis series E
-
Gen
mtge 4s series H
Gen
mtge
3%s series 1
ADebentures
ctfs
AGen
Gulf
&
34
32
3
112% 113%
26
111%
113%
112% 113
81
IO51/2
113
106% 107%
55
100
107%
Paducah & Mem Div 4s
104 %
103% 105 %
87
98%
105%
103%
103% 104
81
102%
104%
19
102%
103 %
—
1.
.
.
•
102%
98%
—-
102% 103%
97%
*65
99
—
1081/4
111%
91
99
65
321
67
Feb
13%
14%
39
12%
98%
99
19
89%
99%
771/2
79%
23
66
87
98
98
Ship Island RR—
*
1st
&
ref Term
M
Gulf States Steel s
f
5s
stpd
1952
J-J
1961
series D
A-O
1969
4Vis
Gulf States Util 3 Vis
M-N
"~~rri4i/
104% 104 Vi
1
98
98
104
1051/a
110
2
*110% 111%
111%
H
s°AunB Vtalley Ry lst 41/i»s
|§AHousatomc Ry cons gold
Houston Oil
1999
4Vis
Hudson Coal
Hudson
1st
Co Gas
debs_
s
f
lst
For footnotes
5s
5s
_
series
A
gold 5s_,
see
page
1676,
4%s
St Louis Div 2d
-
Mob
&
South
Atl
series C„—
gold 3s
Montg 1st gold 4%s
Ry joint monon 4s—
& Cine Div 4s
Knox
1946
1980
1945
1952
1955
M-N
M-N
-1962
1949
J-D
M-N
132% 133
91%
91
104
67
66%
91%
105
69 Vi
*116% 117%
5
130%
18
85 Vi
92%
3
103%
105%
205
56
116%
133
70%
117 '/a
93%
109%
110
102
102%
*102%
99%
A-O
106%
A-O
105%
25
1C6%
105% 106'/4
32
104
'
1051/a 105 %
21
99%
105%
1021/4
101% 1021%
128
94%
102 V*
A-O
•
A-O
J-J
106% 107
102%'
J-J
107%
F-A
'
.
Af-S
107 % 107%
96%
M-S
J-J
102% 102%
*103%
—
96%
107%
3
1021%
11
.
106%
107%
103
104%
•
38
104%
941%
98
104
*104
105
Af-N
108
104
112%
112% 112%
105
54
6
104
101%
105
112
112%
M
1945
1960
Manati Sugar 4s sink fund—Feb 11957
AManila Elec RR & I.t s f 5s
1953
AManila RR (Southern Lines) 4s
1959
l§AManitowoc Green Bay & North¬
western lst gtd 3%s—:
—1941
Marion Steam Shovel s f 6s
1947
Maine Central RR 4s
Gen
series A
mtge 4%s series A.—
Stamped
J-J
1937
1954
♦
ref
ref 4s series D
&
17
J-J
J-J
95
27
99%
109% 110
Af-S
65
1975
mtge inc 5s series A
5s
&
&
lst
68%
107%
1
—
series B
ref
lst
lst
105%
98%
Louisville & Nashville RR—
108% 109%
.
2015
B
4s series B
Gulf Mobile & Ohio
106'A 106%
103%
113
Feb
deb ctfs A
48
108%
1946
1946
1967
AGreen Bay & West
22'%
10
*99
——
1977
series G
General mtge 4s
69
.
1976
series A
General 5 Vis series B
101 %
30
64%
102% 103%
—_—2003
2003
2003
1st & ref 3%s series E
2003
Unif mtge 3%s series A ext
1950
Unif mtge 4s series B ext
1960
106%
1961
1952
1973
Northern 4Vis
Great
6
28%
64
1934
1956
1947
t§AGa Caro & Nor 1st ext 6s
Goodrich
(B F) 1st 4%s
i09%
M-S
J-D
(Stamped mod)
ext 5s
Metrop Wat Sew &
Drain 5%s
,1945
..1955
1960
1950
98%
63
65""
71
73%
63%
M-N
74%
17
Af-S
*57%
Af-N
99
90%
65
,52
77
,f%
.
*34
—'iV J/TO
^3
3-3
A-O
*102%
A-O
*102%
Market Street Railway—
McCrory Stores deb 3%—
Metrop Ed 1st 4%s series D
2
98%
J-D
98
Q-A
*105%
A-O
Af-S
A-O
110%
98%
*94
20
102%
96%
105
—
95%
102
101%
—
110% 110%
84%
101
__
15.
98%
.
105%
110
111%
92
94%
THE COMMERCIAL & FINANCIAL
Number 4275
Volume 159
CHRONICLE
1675
NEW YORK BOND RECORD
RANGE
BONDS
New York
Stock
Week's Range
or Friday's
Friday
Last
Interest
Exchange
f
t§AMet
West
Michigan
Jack
Side
El
(Chic)
F-A
4s__1938
*8'A
ENDING
Lans
1st
& Sag 3 Vis
3Vis
gold
1951
M-S
1952
M-N
&
Low
No.
New York
95
95
95
5
95
102%
5
Niag Lock & Ont Pow 1st 5s A—1955
Niagara Share (Md) deb 5Vis
1950
Norfolk
,
1st
104%
853/4
86%'
13
73
A-0
65
70'/a
31
55
J-D
99
99
5
97
1939
J-D
M-S
*__
67%
75 V4
59
J-J
*65
83
77%
-77%
63
'
ref
&
ARef
&
1949
ext
{Minn St Paul & Sault Ste
§ Alst
1962
50-yr 5s series A
M-S
Q-F
ioy8
10%
434
474
1938
J-J
36
1938
J-J
*30
§ A 1st stamped 5s gtd as to int.. 1938
J-J
ref 6s series A.*.—:-,*-,;—1946
J-J
§ Alst
1
'•
7%
3%
consol 5s
-
42%
O-A
Southern
RR
1998
5s
A
Central
gen & ref 5s_._
4%s series A
ref
.1974
132
Alst &
'
1
37
36%
'■
6
.
16
*127%
125'A
116
—
132
116
J-J
76%
74%
76%
259
61 %
76
93%
92%
93%
377
80%
93%
78%
81%
48
6774
81%
78%
40%
Ref
impt 5s series C
.2047
38%
:_2047
647a
*59V/2
J-J
Ref & impt 5s series D—
95
62
63%
99%
81%
61
363
92 s/a
99%
12
9874
93%
J-J
Northern
473/4
46 Va
129
125
34
120
*-_
99%
J-J
7%
86 'A
43 7'a
Q-A
2047
5
3774
2047
.
impt 6s series B
5
82%
86
-
Q-F
Ref &
20
35
Q-J
38%
2%
6 '/a
6
44%
130% 132
M-S
*
'
■
86Va
42%
2047
registered
Ref & impt 4%s series A
&
85%
*42
Q-J
29Vi
40
High
110%
104 %
M-S
29%
104
Low
Jan 2047
3s
5%
January 1
108 V4
102
5
1997
81 Id gold 3s
ry
Range Since
1974
registered
Gen lien
12
Sold
No.
1997
Northern Pacific Ry prior lien 4s
301/4
37
*
A
r
86'/a
&
Bonds
*»*«
F-A
Gen
High
Co—
series
A-O
Marie
4s stamped
cons
44
10%
__
J-J
4s
gold 4s
M-N
2014
{Minneapolis & St Louis RR—
A 1st
Friday's
108% 108%
.1961
North
84%
69%
1941
Ry
4%s
t§ANorfolk
101
1947
*62 Vi
or
A-O
Norfolk & Western Ry 1st gold 4s_1996
70'%
i§AMilw
Southern
mtge
A Gen mtge 5s conv inc
86%
AgConsol ext 4Vis
Last
Sale Price Bid & Asked
Low
18'A
J-J
{AMilw Spar & N W 1st gtd 4s
{§ AMilw & State Line 1st 3Vis
Interest
Exchange
Period
impt 4Vis series C
1979
{§AMidland of N J 1st ext 5s_____1940
& Northern 1st ext 4Vis__1939
Stock
High
16
16'A
104'/a 104'/a
104'/a
21
January 1
central—
Ref
,
APRIL
Range Since
Sold
High
Low
WEEK
BONDS
Bonds
Sale Price Bid & Asked
Period
FOR
88'%
95
53
64''/a
359
—
—
51
59
Va
81
86
6774
81
F-A
109%
109% 110
30
108%
110
M-3
112
111% 112
7
111%
112%
81
•
Power Co—
States
'
A 25-year
.
Alst &
5 Vis
M-S
._1949
ref 5Vis
J-J
—1978
series B
'
5s
1st 4s
.
L Li,—'
•
77
J-D
77
J-J
68%
J-J
5874
73%
6
•
1st & ref mtge 3%s
(Wise)
1967
1st mtge 3%s
0964
100
65
103
56%
65%
68
71
272
64%
73%
5774
,63%
(Minn)
77
100
*101'/4l04%'
''''
■
•
■
76%
J-J
1990
1962
1st
1959
1962
t AMissouri-Illinois RR
Mo Kansas & Texas
'
■
59
59
53%
61
63
O
Missouri-Kansas-Texas RR—
Prior lien 5s series
A
40-year 4s series B
Prior
lien
ACum
4Vis
—
series
adjust 5s
J-J
62
63%,
531%
51%
56
F-A
Jan 1967
A
62
A-O
1978
D
series
'
.vS 63%
57"
§ a 1st guaranteed 4s~l_.
Ohio Edison 1st mtge 4s
65%
36
10
218
•
tOgdensburg & Lake Champlain Ry—
57%
1st mtge
1st. mtge
{Missouri Pacific RR Co—
ACertificates
AGeneral
>'
1965
ref 5s series A_.
Alst &
of
deposit
I
1975
4s
M-S
27
M-S
1977
(ft
2874 i
26
633/4
62
66%
'
63 %
63Va
•
3%s
19%
87
15%
20 3/4
105 %
105
105%
18
104%
106%
M-S
106%
1063/4 106%
3
1063/4
1073/4
108% 108%
16
69%
Ontario
22%
30
Oregon RR & Nav con gold 4s
73
Ore Short
56%
737
Gas
Elec
&
1st
Line
3%s
1st
Transmission
109%
*104% 105%
107
110%
M-N
*103%
1033/4
104
105
105%
107 %
108%
108
108'/a
108
110%
105'A
J-J
1966
5s___._.;1945
J-D
1946
gold 5s_j_1946
cons,
108 %
J-D
..._1972
Oklahoma
56%
•
*
18
M-N
1967
462
I' '
19%
1965
56%/72%
89
/LL'I ,l"
J-J
—
''Z~~
66
*6274
'
,
ref 5s series F_,—
Alst &
43___.
1948
105
105
1
J-J
107% 1073/4
*_.
12
'
'ACertificates
Alst
of
ref 5s series
&
ACertificates
-
AConv
'
deposit
of
■
«...
—U'
'
r
'
■'
■
M-N
_____1978
G__
633/4
62
of
of
J-J
1962
J-J
1946
J-D
•3
57%
68'A
Otis Steel
11%
13
289
9%
63%
613/4
66
183
56%
.
6174
M-S
Monongahela W Penn Pub Serv—
1st mtge 4Vis—
—I960
6s debentures..
—,-1965
A-0
4s_—1991
Monongahela Ry 3 Vis series B____1966
681/2
6274
68%
.
,
71%
108%
47
104%
104 % 1043/4
7
103 3%
■
'•
•"
71
56%
72%
Pacific
Coast
59%
72
Pacific
Gas & El 4s
60
71%
•».' 15
1st
Co
gold 5s
series G._
108 3/a
108 3/a 108%
29
108%
1103/4
J-D
110%
110% 110%
29
110%
111%
J-D
110%
110% 1103/4,
8
110
111%
J-D
105 % 105 'A
2
104 •%
106%
J-D
105 % 1053/a
2
104%
105'/2
._1960
A-O
109
3
108
1091/4
i_1966
J-D
*110%
108%
110%
1955
J-J
*106
110
1960
M-N
*104
105 %
103
104
108%
111%
1st & ref M 3s series K„,
16
111
114 %
Pacific Tel & Tel 3'As series B
16
111 Va 111%
-
105%
106%
1st &
1971
:
'
Montreal
Morrell
Morris
1st
Power
1951
(John) & Co 3s debs
Essex
&
Constr
M
*
/
•
•'
'
"
*'
1
94%
101%
160
48%
59%
95
47 %
61%
L—
*100% 101 %
571/8
55%
58%
M-N
60%
59%
61
1955
1968
M-N
Mutual Fuel Gas 1st gtd 5s
551/8
43%
& 111
Paducah
Paramount
1st
M
111%
.11955
F-A
M-S
■»..
__
^
'
M-N
1947
*1093/a 110y2
.
•
/.vf'
.
„
Pennsylvania Co—
Guaranteed 3%s trust ctfs D
82
1960
J-D
107%
4
105%
....1949
M-S
103%
103% 104%
32
103%
107'%
Penna
M-S
103% 103%
9
102%
103%
4%s
104'/a 104 %
5
103%
105
{ANaugatuck RR 1st gold 4s
M-N
100%
101
115
116
Prod 3'As debs
3Vis
90%
A-O
1954
130
,
104'/a
.
*100 Vi
* J-D
Newark Consol Gas cons 5s_—.>—1948
115
91%.
J-J
91
90
91 '/2
17
84
J-J
91
91
91 '/a;
32
84%
New
J-D
1151/2'
2
115%
117%
122%
124 %
gtd 4Vis series B
______1961
J Junction RR gtd 1st 4s____—1986
J Pow & Light 1st 4Vis
—1960
1983
New Orleans Great Nor 5s A
N
1st ref & imp 4 Vis
O & N E
New Orl Puo
1st
Term
1952
series A__1952
5s
ref 5s series B
&
Orleans
New
1st
Ser
—1955
.
1st
1953
gtd 4s
115 Vi
M-N
1st
N
§ANon-cum inc 5s
series
5s
,
*124
F-A
124%
Alst
4Vis
of
series
ACertificates
A-0
C10574 106%
J-J
99 Vi
108%
94%
27
56
99 %
Alst
5Vis
series
ACertificates
General
7
103
96
100
II
F-A
1956
F-A
Conv
1943
N
9
74%
.'.7
74%
5
72
73%
-
69
,
•
N
A-0
76 Vi
Pere
N
-
97
87
97
91%
100
83%
91%
57
78%
86%
27
69%
75%
65
62%
72 Vi
63
67%
M-N
;
95%
J.J
90%
1997
J-J
3Vis
__1998
F-A
f .75
1998
F-A
r
__
1998
F-A
1998
F-A
Chicago & St Louis—
series A
—.——1974
A-O
1.03%
1978
M-S
96 Vi
1947
1965
registered
•
C
to-
Connecting RR 3Vis A
Dock
59
73%
56%
68%
63
164
-r
v;
70%
_
70%
70%
72 Vi
.
6
70
•
39
*66%
68%
76%
104%
121
949
87
A-0
102% 1021/2
5
A-0
106% 106%
15
88'%
58
95%'
F-A
1947
1965
A-0
1966
A-0
Y Gas El Lt H & Pow gold 5s
1948
J-D
114%
114% 114%
1949
F-A
110'/a
110% 110%
2000
M-N
gold 4s_
notes—
3'As series D__
Harlem
3'As series E
N
Y
&
104%
3s
*105
60%
23
45%
■
45%
59%
51/
46%
61
46%'.
61
A-O
1955
J-J
1956
J-J
—1948
51
53
51%
53%
51%
55%
Af-N
3 Vis.
51%
52%
.
52
22
■
.
156
51
54
58%
56%
60%
1940
A-O
90
89%
90'/a
ADebenture
1957
M-N
28
27%
30
375
J-D
56%
59
265
4s
1927—1967
1992
3Vis__
t?AN Y West
gold 5s
series
Bost
1st
B
4'As
Niagara Falls Power 3'As__
Fnr
footnotes
13
A-0
4%
65%
64%
M-N
15
5
272
52
68%
111 % 111%
see
page
1676.
-195S
j-J
106
106
1963
J-J
108%
108% 108'/a
1957
J-J
F-A
F-A
12%
13%
Af-N
90%
90 Vi
1967
J-J
lli
1946
J-J
■26%
M-S
109
-49 Vi¬
46 %
10'
265
•
1966
5s
3'As
&
14
J-D
106%
1943
4'As
Y Telenhone
1965
106
1940
Y Steam Corp 1st 3Vis.
|§AN Y Susq & W 1st ref 5s„
N
56
1937
N
1st
M-S
gtd 4s_—1993
Rys'prior lien 6s stamp
ATerminal
54%
Af-N
—1955
—
Elec
Potomac
El
Pwr
1st mortgage
1st
100%
1
103'%
73/a
45%
*123%
M-N
113
59%
{AProvidence Securities 4s
64
{AProvidence Terminal
94
16%
31%
1st &
ref
mtge 3s
48%
63%
1st
&
ref
mtge 5s__
&
ref
mtge 8s—
102%
106%
»
106
50%
49
J-D
Public Service El & Gas 3'As
7
26%
,
109
28%
109
123
123 %
1163%
=
118%
118% 119
J-D
J-D
103%
J-D
103 %
:
A-0
.
71
106%
107%
103
6
102
1033/8
9
102%
104%
103%
103% 103%
M-S
116
103
106%
11
103
J-J
13
106 3/4 107
A-O
104
14
1013%
70'A
71%
16
59%
70
71
44
58%
71
13
58
%
A-O
70
J-D
*107%
F-A
119
71%
71
71%
*121
107%
107'%
J-D
J-D
J-J
89%
102'
M-S
J-J
90
102% 102%
*._
J-J
F-A
101
86
99%
104%
93
103
105%
109
109%
100%
IO27/4
*111
J-J
4
100
105%
*109%
..
102%
3
1957
1956
.—1968
1972
2037
2037
M-N
26
M-S
27%
12
*100
J-J
110
110
M-N
J-J
*147'/a
J-D
*221% 224%
of Nor 111 3'As—.—1968
1951
A-O
1997
J-J
110
30%
98%
110
106%
*106'/a 108 %
A-0
17
98%
110
110
107%
147%
147%
224Va
—
224%
111%
1091%
110
5%
52
68%
9
110
111%
105%
108
107%
108%
4
231
-34
-
50%"*
18%
111
Public Service
115
123
118%
118
113%
,
122%
123
15 '
33
•2
*18
111
9%
4
4s
104
,104%
113 3/a
*1133%
1951
50%
9
lOl'A
;
113
113
F-A
1977
82
10
6%
112%, 112 %
1968
M 3%s
3%s_.
43
104
1950
Pressed Steel Car deb 5s
106%
*112'/a
1960
1st 4%s__
1st
1954
{AN Y Ont & West ref gold 4s
Gen
104%
*104%
1958
1st 5s extended to
& Port Chester—
4s
gold
Portland
283/4
24
F-A
1950
1950
1st 4'As series A
67
17%
J-D
1977
1952
mtge 4%s
38%
1053/4
•
52
J-J
§ A Collateral trust 6s
6s—
M-N
104
104
108 ;,/a
105
9%
123
1970
1975
A
5
9
1003/4 101 %
101
F-A
1st mtge
60
52%
& Iron conv 4%s
1st
*8%
"
F-A
M-N
guaranteed 4'As—1964
5s series A—
series C
Steel
.
1945
1949
1953
1957
1960
104%
46
1956
4%s
cons
106
1963
guaranteed gold
Series G 4s guaranteed—
Series H cons guaranteed 4s
102%
70
—1954
1964
..
105%
*7%
4s
J
24%
J-J
.1937
103
55
3Vis
106
103
•51%
4s_„
M-S
105%.
Af-S
As..
——1963
—
104
87%
deb
SAGeneral
245
4'As series B
1959
1st mtge 4'As series C
1960
Pitts Young & Ash 1st 4s ser A
1948
1 it gen 5s series B
—1962
1st gen 5s series C
1974
1st 4'As series D
1977
Pittston Co 5% inc deb—
1964
82%
deb
gold
202
27
*105
1st mtge 4'As series B
77
deb
§A2d
63 %
59
26%
1973
Pitts & W Va
71
ANon-conv
N Y
103%
111
10
ANon-conv
N Y Queens El Lt & Pow
102%
115%
29
ANon-conv
1st cons
10
110
85%
Af-S
4s
103 %
114%
81
——1947
AGeneral
103
2
85%
3Vis
N Y & Putnam
J-D
Pitts
80%
deb
1st
111%
1971
109%
Af-N
ANon-conv
{AHarlem River
110%
60%
Gen mtge
Af-N
4s
Alst & ref 4Vis series of
19
J-J
Series
1973
A
deb
certificates
111%
108%
1
ANon-conv
deb
111
M-S
cons
124
111
M-N
I
132
121
M-S
Pitts Coke
103
1323/4
*121
10574
109
103
F-A
1962
Series
107
1967
ref 3'As
mtge 2%s
F
93%
94%
1043%
131
10
1043/4 105
105
871%
82
28
106%
J-J
100
189
1063/a 106%
4'As
"2
95%
98% 100
74%
363%
122 3/4 123
mtge 5s series B—
103
107
106%
Gen
103
105%
123
Gen
__
23%
2
J-J
i:
34
48
J-J
5
108% 108%
99%
74
333/4
deb 6s——_——1949
SeriiS
55 '/a
72
31%
106% 106'/a
J-D
1974
B———
1st &
debentures
109%
1st gold 4s—
series
89%
J-J
4'As series B
AConv
32
127
107%
{N Y New Haven & Hartford RR—
ADebenture
93 %
94'%
102%
1947
series
92%
93%
~5
108% 109
108%
112 %
92%
105
78%
101%
110%
94%
{§APhilippme Ry 1st s f 4s
ACertificates of deposit
-
99%
4
M-S
ref
105%
65
180
J-J
&
119
1083/4 1093/a
J-J
—
l03'/4
100% 101%
1956
B
series
98%
110% 110%
1956
4s
100 %
2043
4s
109%
Marquette 1st series A 5s
Phillips Petroleum 23/4s .debs
Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed-.Series E 3'As gtd gold.—
96%
1973
West
106
73
100
87
2043
...
series B
Lack
102%
49
33
AConv
1
gold 3Vis
Mtge 4s series A—
Mtge 4s
97
A-O
101%
A-0
&
156
F-A
1960
Philip Morris Ltd deb 3s
71
95%
96%
103
-1951
Y
115%
Apr
1st
N Y & Erie—See Erie RR
N
112
22
1974
Union
{Philadelphia & Reading Coal—
Aref 5s stamped
90%.,
ref
109
Ry 5'As
Pekin
&
82
86,;., 86%
74%.. 75 Vi
1952
Y
1947
;
Phila Electric
*103%
3'/is——1997
registered
&
124%
67
Apr 1990
4s—
86
95
secured 3'As—
mtge 3Vis extended
101 %
73%
49
78%
'497
registered
109%
A-O
M-S
.1984
3 %s
78
76%
Hud River
J-J
1952
4'As series E__
deb
k.
73%
lien
121
108% 109%
General- 5s
75%
Y
-1st
1093/4
25
1113/4 112'%
103'/a
F-A
gold 4%s series C——.1977
Philadelphia Co coll tr 4'As
1961
69
74
76
J-J
A-O
General
A-0
Y Edison
108
123 '/a 123%
M-N
109%
77%
2013
1st
109%
7
66
108% 108 %
A-O
80
:: 463
Conv 5%
108
.
102'/a
Phila Bait & Wash
75%
72%
Purchase money gold 4s
N
109'A
20
102'/a 1031/4
108%
■.
A-O
82%
741/2
*
1,001
A___—1998
5Vis
1st
109%
1063/4
♦*-117% 119
102
1023/4
80%
;
68%
series
106 3/4
108%
13
109 % 109'/a
M-N
gold 4'As series C
1980
Phelps Dodge conv 3%s deb—...1952
73%
4Vis
105'/a
36/
1
1st
65%
York
51
118%
B__
1st
70%
Ref
109%
J-D
series
5s
68%
67
Ref
106
109%
„1968
General
74
Mich Cent coll gold 3Vis
New
106
~
112
AIncome
75
73'%
3Vis
109%
108% 109
86%
F-A
3Vis
106 3/a
109
109
71%
deposit
Lake Shore coll gold
t
106
1091/4
61
A-0
&
106%
F-A
F-A
62
2013
3 Vis
J-J
—1969
1974
•
*__
gtd 4%s_
Cent
Y
—-1968
D_.
Peoria
'
N
ser
Light 3%s
67'/a
741/2
—1954
series
&
76%
impt 5s series C_
Ref &
*108'/a 109%
76%
impt 4Vis series A
&
*105%
J-J
Peoples Gas L & C ref 5s
& Eastern" 4s ext
105
46
671/4
A-0
—1956
.
A
Central RR 4s
Y
Ref
J-D
J-D
Conv
Newport & Cincinnati Bridge CoN
107%
1965
Peoria
deposit
of
109'A
1981
debentures
Gen mtge
104%
991/4
98%
A-O
33As
ref
Power
100
102%
1031/2 103 Vi
J-J
&
101 %
93%
12
99 Vi 100
103% 103%
J-D
105%
12
100'/a 101
101
J-J
A-0
deposit
D
of
108
106%
.Debenture gold 4'As——
deposit
C—__
series
5s
ACertificates
Alst
11
31
72
1954
..
of
101%
109
106% 107
*101% 103%
1970
General 4%s series D——_——2981
..
*82'/a
deposit
B
ACertificates
101'/a
109
F-A
*64 %
1935
series A
of
ACertiiieates
J-D
M-N
1960
4%s series B._
peneral 4%s series A__.
{New Orleans Texas & Mexico Ry—
Alst
II6V4
1952
Pennsylvania RR—
Ccnsol gold 4s_
1948
4s sterl stpd dollar_.___May 1 1948
Gen mtge 33/4s series C
1
.1970
Cons sinking fund 4%s
1960
92'%
gtd 5s
1945
—-——1945
England Tel & Tel 5s A
1952
&
1st
92 %4
N
92 '/a
115
116
-1963
4s__
ref
1st
107%
{ANew England RR
a consol gtd 4s
'
85%
1944
series E trust ctfs_,
Pennsylvania Glass Sand 3%s
F-A
3'As sinking fund debentures—.-1949
National Steel 1st mtge 3s
—__1965
Prod
17
92%
91%
Pennsylvania Ohio & Detroit RR—
1978
series A
89 Vi 91%
'107% 107%
Distillers
ctfs
■
:
N
Nash Chatt & St L 4s
Dairy
gold 3s loan
1
J-D
Gtd 4s
Nat
f gold 4%s
s
P L 3s B
109
Broadway Corp—
f
s
Secured
Nat
1st
;
Paterson & Passaic G & E cons 5s_1949
110%
177
mtge 3'As series C
Panhandle East
56%
109%
111%
55%
55
Ref
95%
100%
••*951/4
•»_'
'
J-D
2000
A
& T 3'As
States T
M-N
1063/a 1063/4
U;.
—1955
gtd 3ViS—
4Vis series B—.
Constr M
Mountain
1st
series
5s
—
J-J
1958
ext
5s
Tramways
J-D
1966
3%s
ref
&
99
J-D
104% 105%
V';
„*■;
98
*99%
1964
ref mtge 3%s series H____1961
1st & ref mtge 3%s series I
;_1966
1st & ref mtge 3s series J;
1970
11
106
*105
A-0
59%
-■ ,-:s
108% 109
F-A
r'
2
'■
66
6274
63%
deposit
V
340
_
*633/4
F-A
1981
1st mtge 4%s ser A
108 3/8 1083/4
72%
Moh'k & Malone 1st gtd gold
Montana
108 %
13%
A-0
1949
*
Oregon-Wash RR & Nav 4s.
12
deposit
ref 5s series I
&
ACertificates
il961
72%
"
•
ACertificates
J-J
56%
M-N
Alst & ref gold 5s series H—...1980
Alst
1946
no
'66%
62
62
—
--
Guaranteed stpd cons 5s_
72
'
deposit
gold 5%s__
'56%
1
'
20%
54
11
14
2
87
90%
6
109 Vi
111
153
18%
31
6
108%
1093/4
R
Reading Co Jersey Cent coll 4s
Gen &
—
ref 4'As series A
Gen & ref 4'As series B-——^-1997
Remington Rand
deb 3'A?
1958
4%s series C
Revere Cooper & Brass 3%s
{§ ARio Grande West
Alst
cons
&
1st gold 4s
coll trust 4s A
-
97
993/4
100% 101%
134
100 34
94
101%
1011%
100% 101%
.....35
106% 106%
-.101%
J-J
•94 %
16
104%
10674/
1041%
106
104%
106 34
IOIV'4
102%
F-A
104%
104% 1043/4
36
1958
M-N
104%
104% 104%
31
19R0
M-N
1939
J-J
91%
91%
943/8
20
81
95
1949
A-0
55
55
56 %
55
44 %
58 %
Republic Steel Corp 4%s series B...1961
Gen mtge
J-J
99%
101%
*102
102%
YORK BOND RECORD
NEW
RANGE
Last
Interest
Stock Exchange
Period
FOR
WEEK
APRIL 21
ENDING
Bonds
Friday's
or
Low
high
Elec Corp—
&
Gas
Week's Range
or Friday's
A-O
& West 1st 4s__._1950
Bonds
Sale Price Bid & Asked
Range Since
January 1
Sold
Low
No.
Hiah
Low
Toledo St Louis
Rochester
Last
Period
January 1
No.
High
Interest
Stock Exchange
New York
Range Since
Sold
Sale Price Bid & Asked
Low
Friday
BONDS
Week's Range
Friday
BONDS
York
New
Monday, April 24, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1676
High
101%
104
101%
103
106%
1
103% 103%
107%
4s
lien
3-J
of
^Certificates
1st
A 2d
4s
gold 4s unstamped
8 A4s gold stamped
§ A Refunding 4s
ACertificates of deposit
A 1st cons 6s series A
ACertificates of deposit
Gold 4Vis
Fran
1st 4s
Term
RR 1st ref gtd 4s
South Pac
48%
106
106
106%
A-O
102 %
102% 102%
37%
34%
801
34 Vi
29
28 Vi
103%
103%
29
10
70%
38
102%
102
107
102%
101%
102%
70%
74%
63
t 57%
76 Vi
49%
54 Vi
218
38%
54%
92
102%
100%
101%
M-N
*101%
101%
101%
M-N
*101%
2.65s
*102%
M-N
102 Vi 102%
101 %
101 %
101% 101%
101'%
101%
M-N
101% 101 %
101%
101%
M-N
*101% 103%
101%
103
M-N
*101% 102%
M-N
*101% 102'%
M-N
*102% 102%
102
102%
A-O
102'% 102%
M-N
NOV 1 1952
May 1 1953
Nov 1 1953
May 1 1954
Nov 1 1954
May 1 1955
94%
22%
102%
102%
*100%
2.60s
72
101%
M-N
2.55s
83%
97
79 Vi
102 %
106
100%
M-N
2.45s
32
31%
F-A
110%
10
15/
Nov 1 1949
May 1 1950
-
2.40s
31%,
>.
*95
*16
32%
33
35%
*102%
<
i
United Stockyards 4
1951
Vis w w__
.
101%
102%
112
13
112
__
38%
30%
44
103 %
102
..
105
"l
105
*127
Vandalia RR cons g 4s
103% 105 %
128
105
Cons
127
126%
Va
43%
68%
167
43
69
377
21%
32%
20
31
64%
66Vi
6
64 Vi
64%
67%
30
29%
31%
28%
30
79
39
42
963
28%
40%
110
27%
119
42%
49%
55%
343
40
F-A
50
54
3
42
40
100
3*%s__1972
102
*108%
*112
M-S
*111%
__
■
..
109%
,
*95%
F-A
:
J-J
A-O
92%
1966
M-S
109%
109'% 110%
1971
1981
1991
JrJ
103%
103% 104
*101'%
u-
92'%
93
110%
102
:
80
29
■?
96
110%
110'% 110%
99
111%
90
100
M-S
2003
1958
5s
cons
Virginian Ry 3%s series A
101%
100%
1st gold 5s._1949
'■
93
30
109%
1U
55
100%
104
60
F-A
1st
1968
B
42
57%
Coal & Coke
Iron
F-A
M-N
1955
1957
series A
f 4s series B_._U.--_
s
Elec & Pwr 3%s series
Virginia Pub Serv 1st mtge
Va & Southwest 1st gtd 5s_.
43%
38%
,54%
40%
39%
-
101 Vi 101 Vi
J-J
*101%
J-J
F-.4
A-O
104
__
J-J
J-D
106 Vi 106
106 Vi
100
81%
'
1948
1945
1945
Westchester Ltg 5s stpd gtd
1950
Gen .mtge 3 Vis—_.
—1967
West
84
332
66% ■v 80%
78%
771/4
79
791
65%
80%
77%
76
78
260
65%
78%
103% 104%
73
101%
104%
99%
429
91%
99'%
A-O
104
98%
99'/a
J-J
79%
77%
78%
'
"
1st &
105
80
111% 112%
112 %
84%
100%
59
A-O
100 Vi
100
A-O
102 Vi
102% 104
82 %
92%
31
100'%
107% 107%
J-J
105
5
100%
105
J-D
111% 111%
2
110%
112%
J-J
107Vi
105
J-J
2.
111% 111%
.*■
106%
107%
3
106% 106%
M-N
110%
111%
10
103% 104
11
102%
J-D
105%
J-J
29
104'%
105%
104'/a
11
103%
105%
104
M-N
J-J
'118
120
..1944
F-A
*._
•
118
112
;
F-A
*101
101
J-D
*118
118
118%;;
104
109
109
1
108%
109%
:
M-S
106% 107
31
106'%
111%
i
111% 111%
58
110%
112%
A-O
97%
98 Vi
161
88%
98%
103% 104%
10
96%
104%
93%
104
77%
93
77
99'A
97%
1950
1951
1960
1951
.2361
106
J-D
105%
105
M-S
105
103% 105
89%
M-N
of
;
;
67%
66%
69%
48
55%
72%
64%
66%
93
53
67%
110% 110%
15
94%
94%
J-J
'
111%
110%
95
61
91%
3
101%
103%
116%
95
103% 103%
A-O
J-J
116%
57%
*103% 103%
?'
M-N
18%
12
18%
18
*13%
—
A-O
■::
22%
18
15%
L.
ii
109%
110%/
107%
109% 110%
—,
■
70
16%
55
70
67
74%
60%
67%
deposit
..1968
197.1
105%
101%
,
65%
1949
4s—1936
1
J-J
1960
Power 3Vis.
106%
100%
101'
232
101% 101%
'
106
102
99
106%
''!
J-T
M-S
1st 4s
101 Vi
52
104% 106
M-S
ACertificates
108%
105%
Wisconsin Public Service 3
103
1961
■)
101
1949
§ASu & Du div & term 1st
103%
111
102% 103%
..1951
102%
10
'
101%
101%
1st 3 Vis series B—1966
Wisconsin Elec
106'%
105%
M-N
105%
118
106% 1061/2
98
101
M-N
t A Wisconsin Central 1st 4s
ACertificates of deposit
104
105% 105%
F-4
48
38%
'10
r"-4
101 % 101'%
F-A
J-D
—2361
Winston-Salem S B
60
54
60
60
Apr
48
*101
Q-M
J-J
1st mortgage 3s„—1958
Co
47%
F-A
99%
95%
Co—
_.
Wheeling Steel
&
21
91
Wheeling & Lake Erie RR 4s
Wilson
99%
St—
guaranteed
4s
1st
Registered
107'%
99%
A-O
M-S
gold 5s
West Shore
104%
96
100%
78%
99%
;
82%
"56
M-S
30-year 5s
1—
Westinghouse El & Mfg 2Vis
84%
8
Telegraph
Union
25-year
112%
73%
359
83%
68
102
J-J
Funding & real estate 4Vis
J-J
J-J
A-O
52
74%
1948
assented
Western
80 %
70
A—1946
series A_._
5%s
ref
77
71
1977
Maryland 1st 4s
tAWestern Pacific 1st 5s ser
A 5s
78%
Apr
1960
1952
mtge 3Vis series I
Western
;-j
Apr
1963
1st 5s E
Power
Penn
1st
M-N
-
ref gtd gold 3%s__2000
Washington Central Ry 1st 4s
Washington Term 1st gtd 3 Vis
1st 40-year guaranteed 4s
99
M-N
M-S
•
..1955
1st mtge 4s—
1st
Warren RR
lOO'/s
69
415
84
AGen
Walworth Co
107%
94,
'•
inc series A.
mtge Inc 4Vis ser B
,
108%
95%
146
99% 100
83 V4
124
105%
Vi
*98% 100
M-S
106 Vi
107
108% 108%
A-O
103%
105%
*123%
105%
103
106%
106
106%
A-O
4s series A.
AGen mtge 4s
65%
103%
20
104Vi
Wabash RR Co—
1st mtge
52%
75
*103% 103%
F-A
J-J
w
62
54
123
*55
gold 5s
4s series A
Swift & Co 2Vis debs
A-O
109
...Nov 1 1950
-May 1 1952
i—
2.35s
37%
MS
1994
Devel & gen
1956
Devel & gen 6s
1956
Devel & gen 6 Vis
1956
Mem Div 1st gold 5s
—1996
St Louis Div 1st gold 4s
1951
Southwestern Bell Tel 3V2S B
1964
1st & ref 3s series C—
..—1968
Southwestern Pub Serv 4s—
1972
ASpokane Internat 1st gold 4Vis—2013
Stand Oil of Calif 2%s debs
1966
Standard Oil N J deb 3s
1961
2% debenture
—1953
Superior Oil 3 Vis debs
1956
4
Corp—
Steel
2.20S
49%
36%
51 Vi
MS
Ry 1st cons
Southern
110%
May 1 1949
26
29
1969
1981
1950
—1955
Gold 4%s
110
2.10s
208
A-O
1949
1977
1968
110
2.15s
46
A-O
Aug 1949
Lines) A
J-D
44
Va
Pacific Co—
(Oregon
104%
45
45
A-O
1979
104%
102%
1980
'
33%
M-S
1963
1962
102%
18
Serial debentures
42
78%
23
liniteo
43
103
104%
104% 104%
94
43%
103%
104
104%
99
States
108%
107%
104%
92%
36%
43
107%
A-O
^1955
Stores 5s—.1952
United Drug 3%s debs
1958
28%
102%
J-J
32%
8
41
105% 106
103
M-N
33
614
41%
M-N
1941
—1952
1950
1964
Gold 4Vis
San
42%
F-A
1961
registered
4s
39%
38%
A-O
1954
debs
debentures
1st 4Vis
40 Vi
19%
12
103%
107% 107%
105%
1971
...
81
19
J-D
1933
2%s sinking
coll)
deb
United Cigar-Whelan
99%
112
103',
1947
1970
land grant 4s
35-year 3Vis deb
Ref mtge 3Vis series A
United Biscuit 3Vis debs
100%
95
111% 111%
111%
RR—
Pacific
&
89%
91 Vi
J-J
1935
series B certificates.,
Pac
104
34-year 3%s
J-J
1933
gtd 4s
JASeaboard All Fla 6s A ctfs
(Cent
J-J
1st
J-J
1945
t§AAtl & Birm 1st
4s
1967
debentures
97%
99%
3
89%
J-J
1950
1950
1959
fund debentures
t§ ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Skelly Oil 3s debentures
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3 Vis
1959
106
Union
,
72Vi
95%
77
93%
M-N
1952
8 A 1st
Southern
106
63
33
.1989
3s
106
'
—
*98% 100
MS
Ry—
& N E 1st
Union Oil 2Vis
19
F-A
2.50S
gtd 4s__
JSeaboard Air Line Ry—
Shell
111
A-O
43
A—1990
St Paul & Duluth 1st cons gold 4s_1968
♦ ASt Paul E Gr Trk 1st 4Vis
1947
JgASt P & K C Sh L gtd 4Vis
1941
St Paul Union Depot 3 Vis B
1971
Schenley Distillers 4s s 1 deb
1952
A 6s
45
1945
3s
62% > 67%
72 Vi
*91%
j-J
1978
5 A 1st term & unifying 5s
AGen & ref goid 5s series
Scioto V
M-N
2.05s
bond certificates.,
1989
inc bond ctfs
—Nov 1989
4s
1971
U
106%
1
106
105
99%
89 Vi
J-J
1950
deposit
;
ACons M 4Vis series A
ACertificates of deposit stpd
tSt Louis-Southwestern
18
J-J
of
ACertificates
3%8
Union Electric Co of Mo
39%
lien 5s series B
APrior
107% 107%
19
M-S
1950
A——
deposit
ser
M-S
16%
12
99% 100%
100
99 Vi
gtd 5s—194a
1959
St L
1955
tSt Louis San Francisco Ry
APrior
*
M-N
5s
Rocky Mt & P 5s stpd
1953
Elec
50
11%
48
/*67%
A-0
tASt L Peor & N W 1st
L Pub Serv 1st mtge
St
39 %
28
17
106
J -J
stamped
—1933
ACertificates of deposit——.—
47,
14 Vi
105% 106
105 Vi
J-J
4s
A 1st
17
A-O
Lawr
deb A
s
116%
Gas &
109%
16%
.
J-J
Jos &
St
109%
—
*108% 110%
44
46 Vi
13%
44%
MS
Grand Island 1st 4s
1947
Adir 1st gold 5s
..1996
2d gold 6s——
.—1996
JSt Louis Iron Mountain & SouthernRiver & Guli Division
St
102%
*_.
Ham & Buff
Trenton
111%
Tri-Cont Corp 5s conv
MS
196(1
Ltd 1st M 4Vis
Saguenay Pwr
111%
MS
j-J
*102
J-D
Toronto
—
*111%
MS
1st gold 4s__194d
1st gold 5s—1949
t§ a Union Elec Ry (Chic) 5s
Union Oil of Calif 3s deb
mtge
*125%
M-S
1977
4%s series D—...
__19b7
Gen mtge 3%s series H
1967
Gen mtge 3 Vis series I
1969
Gen mtge 3 Vis series J__.
,..1934
t§AR I Ark & Louis 1st 4Vis—
...1949
i A Rut-Canadian 4s stpd
..1941
t§ARutland RR 4Via stamped...
Gen
A-O
Vis
J-J
-.7
*108% 108%
X
Tetin Coal Iron
& RR gen
5s
_
Terminal Assn St L 1st cons 5s
Gen
Ref
refund
f
..1953
gold 4s
& impt mtge 3%s series B_
-1974
s
J-J
*
J-J
*106
Tcxarkana & Ft Smith 5Vis A
-1950
F-A
Texas
-1959
A-O
-1965
M-N
3s
Company
3s
deb
debentures
Texas
Pacific
ai
Gen
&
ref
gold" 5s_I
1st
5s
series
&
ref
5s
series
C
Gen
&
ref
5s
series
Mo
Par
Third
Ave
&
Ohio Cent
ref
106%
Included In the year's range. J n
119'A
not Included
A-O
90%
89%
91-"
59
81%
89%
91>
60
79%
91
-1980
94
80%
91
III-1964
M-S
a
-1960
89%
91
79
78%
A-O
32%
J-D
101%
37%
ABonds
in
footnote
a
In the
April
in
the
deferred
delivery sales
week
which
in
they
are
occur.
following extensive list
we
furnish
15, and ending the present Friday
include
security, whether stock
every
a
1944).
STOCKS
York
Curb
Friday
Exchange
Last
Sale Price
j
■
'-('Acme Wire Co
common
of Prices
RECORD
week, and when selling outside the regular weekly range are
FOR
WEEK
ENDING
APRIL 21
New
Range
for Weekii,
of Prices
Shares _fc
Sale Price
Range since January 1
Shares
Week's
Last
Curb Exchange
York
common
5
'J-Air Associates Inc
Aircraft
Air
(N J)
Accessories Corp
Investors
Convertible
Air-Way
Alabama
$6
Power Co $7
Ludlum
preferred!!""
7% preferred
For
footnotes
!
Alles
Jan
''
Allied
Intl
4
Feb
.
Allied
Products
6%
Feb
7% Mar
x8%
Feb
9%
Jan
2%
Jan
7%
7%
7%
1.400
8%
9
600
2%
2%
1,700
2
2 Va
400
2%"'
2%"
1,800
99
99 %
50
see
page
1681.
Aluminum Co new common——.
6%
1
*
10
.25
*
Feb
Aluminum
Goods
-Jan
Jan
Aluminum
-~*2%vApr-89
3%
Jan---'
Jan.
102
Feb
116
Jan
104'% Mar
Mar
4
6%
•
„.cqmmon.___»_r_.____*
American Beverage "common
Book Co
Central
Mfg
Jan
12% Mar
22%
Feb
25
25
23 %
Apr
28
27"% Mar
32
Apr
Mar
112
Mar
24
31%
6,100
110 % 110%
500
18%
:
Feb
Feb
19% Mar
9%
50
9%
Apr
10%
Jan
76%
78%
450
73%
Jan
84
Jan
98
99%
-200
1%
600
1%
Jan
32%
170
28%
Jan
1%
1
100
—J
109
Jan
9%
77%
»—100
American
1
High
V
350
*
Mfg
preferred
American
24
30%
Jan
105%
Aluminium,Ltd
23%
24
31%
Industries common—
3.5
Low
8%
24
100
preferred
2%
35%
114
i00
..
common
nnny
Jan
*
~
pfd
Jan
*
Steel"—
A
conv
(Mich)
2
'
99
Class
t
common
Investing $3
2
.
AppiianceI__IIIIII_3
preferred
Allegheny
Mar
21
Apr
3%
2
50
26
Apr
1,900
in
Southern
& Fisher Inc
Jan
3%
No.
rri
20
3%
Range Since January
HigfH- 1
High
22
3%
I-IIIIUBoo
preferred.,!!!!
Great
Alabama
"IIH*""l
common
Electric-
Low
High
1
—I
Class B
:,r'Ainsworth Mfg
Sales
Friday
STOCKS—
Sales
Low
Low
shown
''
transactions on the New York Curb Exchange
for Week
10
»
'.Aero Supply Mfg class A
l!;1(
'
Range
'
,
_
Par
'
u:
Week's
Section 77 ol 11
\
if
for the week beginning on Saturday,
daily reports of the Curb Exchange itself, and is intended to
dealings have occurred during the current year.
RANGE
New
of $4 8484.
being In bankruptcy,
It is compiled entirely from the
bond, in which any
or
represented is the dollar quotation per 200- ; ;
selling flat.
they are the only transactions of the
computing the range for the year.
complete record of the
(April 21,
d Ex-interest, e Odd-lot sale not
Under-the-rule sale not Included In the year's range, r Cash sale
Act, or securities
YEARLY
AND
disregarded in the week's range unless
No account is taken of such sales in
102%
EXCHANGE
NEW YORK CURB
and
104
101%
receivership, or reorganized under
assumed by such companies.
•Friday's bid and asked prices; no sales being transacted during current week.
96%, 102
WEEKLY
101%
59
Accrued interest payable at the exchange rate
tCompanles reported as
the Bankruptcy
79%
30%
79%
,33;%
101% 101"%
11
102'/4 102%
not Included In the year's range,
Impaired by maturity, * tThe price
§Negotiability
71
32
I960
102%
the year's range,
in
pound unit of bonds.
112
110
*111
J-J
&7mpt~3%s_-1960
NOTICE—Cash
delivery sale
Deferred
91
90%
!i-
M-N
99%
106.%
105%
115%
119% 119%
101% 102
M-S
1960
series D
1st mtge s f 3 Vis
105
J-D
3
Tol
119%
,
*
A-O
ref 4s
1st
33
91%
22
-1979
...
Pac Ter 5'/is A
Ry
57
106
-1977
D.
Tex
99%
106Vi
98%
106%
J-D
B
Gen
__
105% 105%
99%
1948
Conv deb 4s
111% 111%
111%
Youngstown Sheet & Tube—
32
X32
98
Mar..
103
..Feb..
2% Mar
33
Mar
7% Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
Volume 159
NEW YORK CURB
FOR WEEK
RANGE
M'loOKS—
Friday
Curtt Exchange
York
New
Cities
Convertible
Class
&
Power
class
I
;
150
38% Jan
37%
35 Va
Jan
2%
2%
1,200
Apr
Feb
1%
45 '
Feb
39%
3.600
37% Mar
41%
Feb
class A
10
10
Foreign Power warrants-
Cyanamid
381!
■
non-voting
Participating
Canadian
Class
Jan
Industrial
A
non
1?
Apr
16%
16%
300
15%
Jan
17
Apr
27%
28%
2,700
26%
Jan
28%
Apr
Capital
100
American General Corp common—10c
$2 convertible preferred
1
$2.50 convertible preferred
——1
109 %
>
Jan
Mar
Carman
4% %
Hoe
&
&
preferred
—
American
Laundry Mach
Light & Tvac common
American
6 %
preferredMfg Co
common
Maracaibo
American
Potash
American
American
1st
27%
37%
50
42%
42%
American
Writing
5 Va i Jan'
r.
34%
'
Jan':
15
Jan
37%
43%
25%
Feb
28% Mar
17%
18 Va
3,200
16%
Feb
18% Mar
Carter
25%
Apr
26%
Jan '
Casco
Products
37%
17%
37%
100
35%
Jan
43
Feb
Castle
(A M)
Feb
Catalin
88%
91
Central
New
Ohio
13%
5,000
10%
Jan
15 Va
Apr
Central
Power
4%
200
3%
Jan
4%
Apr
Central
&
ft
Jan
.
11,300
106%
•150
1% Mar
%
Jan
105%
Jan
26
«•
14
3%
18%
Jan
Ashland
Oil
Refining
&
Electric
American
Atlanta
4% Mar :
—10
1,500
9%
60
97 Va
Jan
106%
Jan
2.50
1,000
7%
Jan
9%
Apr
City
5
700
7%
Jan
Apr
City
& Suburban
1
600
5%
Jan
Apr)
Clark
£1
•
•
7% Mar
%
Jan
l'/a
Feb
3
Apr
Clinchfield
80
Feb
Club
Jan
12%
Feb
Cockshutt
Jan
45
Apr
Colon
2% Mar
75
Jan
Coal
Plow
7%
7%
7%
500
7%
Apr
8
Jan
Colonial
1%
1%
1%
1,700
1%
Jan
2
Jan
7%
7%
1.400
5%
Jan
8
Feb
10%
10%
500
10%
Feb
5
1
Machine—
7%
1
Corp
4%
preferred
Collieries
31
275
12 Vs
4%
700
3%
Feb
,5%
200
4%
Jan
.9'/a
100
8%
Feb
9%
50
21Va
Feb
600
9%
Jan
23
10%
"
23'.
10%
;
Commonwealth
Baldwin Locomotive—
7-7o
;
for
warrants
Purchase
6%
6%
Barium
Stainless
Co
Community
Water
10%
Apr
t
extended
c
&
Basic
Seelig
7%
8 '
common
Inc
&
Bohack
—
14%
14%
21
21
21
3
2d
•
7%
2,650
92%
Jan
109% Mar
10'A
400
2%
250
8
Jan
Feb
Apr
Apr
%
19%
6%
12
2%
1,050
43%
Jan
48%
900
10%
Jan
Feb
97
20
80
Jan
105
2,500
11%
Feb
16%
13%
14
11
Jan
14% Mar
2%.
26
50
24
Jan
27
12
12
100
10%
Jan
12
ft
Itf
%
14%
'
4,000
*
—
Lgt & Pwr__
10%
Jan
2% .11 it 1,700
"2
19%
20%
[• ;
10 %
1.1 VB. ;Tl-
•
.631,600
,,1.200
1
Jan
,17%
2%
••
r'2%
2%'
»tl,
3,400
4%
Apr
6%
Feb
Apr
10
Jan
Feb
10% Mar
6%.
7%
38 Va
7 Va
800
6%
Apr
9%
Jan
2%
5,900
2%
Apr
3
Jan
800
37%
Apr
37%
39
63%
67 V8
aV
3/64
800
21%
250
47Va Mar
63%
;
—
21
21%
56%
Jan
71
sl3
Jan
3/64
20%
560
Feb
23
Mar
Jan
Jan
%
Feb
9%
Jan
11%
Feb
U'
21
12%
5
1
~6%
115
•
_10o
105
"7
10%
9%
Jan
3%
SVa
Jan
Jan
1,600
3%
900
9'A
9%
800
.9
80
100
Feb
36% Mar
Jan
Jan
3%
9%'
6
Jan
114%
20,
Apr
110% Mar
Jan
6%
200
Jan
117%
Feb
4%
1,400
115
"9%
—
1
Mar
1%
10
—
Feb
69
113%! Feb
"•
--
5
Feb
63%
33 %
Jan
20
5%
1% Mar
Jan
32
10
i
% Mar
4
10
U6
108
5%
-100
—
Oil
Apr
115
Apr
1% Mar
10%
Feb
3%
Jan
Feb
10% Mar
101% 102%
"
—
6%
.*
Brewing
Cork
106%
Jari
13%
Feb
Feb
3,450
%
14
;
85%.
•
common
1
preferred
50
14
1%:
1%
1
•
2%
—
26%
26
24%
24
,
1,300
86%
2%
Jan
84
500
425
U
Jan
40
27'
Jan
12
'1 %
100
2
6% Mar
14
Apr
2% Mar
Mar
86%
Jan
2
Feb
2% Mar
23
i
Jan
29% Mar
*
7%
reg)__£1
8
"l%
•
,"7%
A
•
Apr
8% Mar
Apr
24
7,000
,
28% Mar
"l
Jan
'
"l%
16,400
%
Jan
1 %
Feb
6%
.
'■'Z—
2 %
7%
9,700
3%
Jan
7%
Apr
4
4%
2,300
3%
Jan
4%
Apr
12
5
International
25%
2% Mar
•
1
Co
Drug Co
6%
50
receipts (ord
dep
6Va
Jan
5%
•
Mar
12%
-100
Petroleum
12%
common
Sugar
Tobacco
common
Curtis
Lighting
Inc
Jan
2%
Apr
Jan
1,300
9%
Jan
13%
Feb
6%
Feb
12 Va
Apr
1%
Jan
25%
24%
400
25%
-
10%
Jan
2
2,100
150
Jan
24%
14
Mar
%
(Mo)—
25% Mar
%
%
%
100
Feb
Jan
10
Feb
1.1% Jan
19%
20%
6,400
19%
Apr;
23% Mar
--
*
common—
2% Mar
.
Apr
20!4
•
5
:
5%
5%
400
3'A
Jan
2.50
2%
2%
50
2%
Apr
6% Mar
3
,
Feb
8
«
1V8 Mar
2%
:
9,100
Curtis Mfg Co
2%
—10
Atlantic
Cuban
Feb
2%
25
preferred
Oil Refining
preferred—
$6
25o
common
convertible
Cuban
Apr
Jan
108
r
1
Ltd
•
33 V2
100
A—
Crystal
3% Mar
Jan
9%
Mar
~
21 %
V
3%
~4%. ~lVs
116
Liquidating Co
""'t
Mai-
18%
W
Crown
% Mar
Jan
6%
?
*
20'A
.1
%
"W*. 600
2%
100
A
Corp
Petroleum
Crown
Apr
13%
:
Jan
2%
—100
Reynolds—
convertible
Croft
Mar
'
200
700
Crowley Milner & Co
Crown Cent Petrol
(Md)
Mar
26
&
American
11% Mar
97
—
A
Apr
15%
65 %
Co—
preferred
Creole
C
Mar
—
13%
Feb
14%.
15 Va
64 V2
Courtaulds Ltd—
14% Mar
7%
Jan
Apr
.
•
preferred——
prior
5%
Jan
13%
500
Jan
%
31%
Utilities
Steel
Textile
Cosden
Mar
3
47%
9%
$6
Mar
8
15%
2%
SVa
22%
75
35
common
Fdy & Machine Co—
Cor? /on
7% Mar
44%
12%
__
Mar
Jan
4
Coro Inc d—————-—:——*;
Jan
Apr
Jan
Mar
'
% Jan
<■■■
200
Range Co
Cornucopia Gold Mines
Feb
Feb
9
300
Copper
Jan '!■'
37
1%
Jan
1,400
%
preferred
Royalty
7%
Apr
14%
1%
n-
7% Mar
Jan
.
103
Continental Gas & Electric Co—
Jan
34
Jan
6%' Jan
10% Mar
Jan
Feb
,18
150
20
%.
i..
•
Cook Paint & Varnish Co
4% Mar
131%
Jan
3,100
"
!_1
'30
Jan
Apr
6%
100
V7%.
,
Jan
23
2%
—
•
Aeronautical
Apr
127%
500
8%
Cont
Apr
8% Mar
21
8%
Vb Mar
85 Va
~7%
"4%
Mining & Smelt
Retail Stores
^Consol
14% Mar
400
7%
65
46%
'
100
common
Apr
Jan
6%
4,500
•
.
65
14% Mar
•
,
~"4%
series B
Consolidated
Feb
12%
12
12%
*
preferred-^
Brewster
7%
__
common
Traction
103%
100
*
Gas
,
Jan
10
10
30
%
;
•
common
5%
3%
12
1
preferrecL————
Corp
17% Mar
1
preferred
preferred series C
4%
,16% Apr
Jan
35
25
$5
34%
Jan
35%
common
Consolidated
Feb
Apr
1,000
3%
30
%
100
Breeze
25
130% 130%
—
•
1
preferred
Brazilian
3%
4%
40
100
Scrymser Co
Bourjois Inc
1st
65
100
__1
Borne
1%
Jan
Feb
13
3,300
7%
•
—
common
Bowman-Biltmore
4%
7%
com—*
& Co
Co
Jan
Feb
Co_„
Biscuit
Consolidated
150
1
convertible preferred
(S)
(H C)
1st
7%
'
common——.
optional
65
•
common
Ridge Corp
$3
Blumenthai
%
17%
13%
1
Cousoiiuated
2%
100
common
common
(E W)
16%
4%
4%
1
common
Steel Pdy & Mach Co
Blauner's
Bliss
Blue
2
2,900,,
20
Convertible preferred
Berkey & Gay Furniture
Birasboro
'.2%
10
Canada
Hedges
Blckfords Inc
Jan
1
common—
Aircraft
Tel of
Benson
16
*
100
convertible preferred
Bellanca
16V8
1
1
common—-—
Beauni- Mills Inc
Bell
A
1st preferred
Ties
$1.50
Feb
7%
100
Mar
8% Mar
1
1946—
to
Coke Secur
&
Consolidated
Brummel
Beau
40%
250
Mlg—
Refractories
(L)
Jan
6% Jan
*%%
8 Vb Mar
Barium Steel
to
convertible
Baumann
39%
40%
2%
$1.20
Feb
r;6%
Apr
93
Jan
1,100
—
25
Service
Consol G E L P Bait
6%
6%
108
Jan
6%
5%
37%
preferred
Consolidated
Mar
25
12,300
40%
Jan
82
Compo Shoe Machinery—
6%
1
common
Feb
97
—
wariants—
Feb
Steel—
changed
Barlow
:
30
Rubber
20%
1,200
50
400
4,050
17,600
■
common
preferred
Baldwin
Name
22%
Apr
7
100
;
Southern
&
23
$3
21
Jan
14%
325
16
9%
25
Public Service—
Conn Gas
21
Jan
2%
Arms
Community
B
•
Jan
Jan
Electric—
Jan 1
V
Wilcox Co
&
13%
'
I
Fire
Gas
7
8%
8
15 V4
4%
preference
5%
5
Mar
5% Mar
9J/a
4 %
Patent
Jan
34%
■
ordinary
Airlines
Columbia
'
Feb
50
•
common—
Development
Colt's
Jan
5%
•
5
25
1
& Sons common
8%
5,600
6
7%
%
Colorado Fuel & Iron warrants
Corp.
Products
Babcock &
Co
8%
43%
9%
Mar
% Mar
•
Co
9%
45
4,000
Feb
115
14
100%
*
i.
Utensil
Feb
% Jan
26%
*
common
Corp
Aluminum
9%
100
Illuminating
Cleveland Tractor
200
re-
Jan
99% Mar
14%.
—
1
—1
Rayon
Patoka
Electric
Jan
9%
Jan
34%
4
43%
Atlas Corp warrants
Atlas Drop Forge common
Voting
Cleveland
6%
Jan
89 %
89
1
:
Inc
Mfg_
Jan
4'A
Jan
112%
10
1
Co_.
Automatic
Co
Lights
Neon
-12 Va
21
8% Jan
50
14%
7%
♦
&
Homes
Controller
Claude
97
4,100
107% 107%
•
*
——-50
Atlantic
Ayrshire
6%
89
•
preferred BB
Jan
Jan
.3% Mar
7% Apr
110
6%
X14%
—
•
Clayton & Lambert
Fisheries-
6%
10
14%
10
preferred B
$6
10
7 Va Mar
1
—
common
preferred
60c
10% Mar
•
Coast RR Co pfd—100
Line
(B Ft
$6
8% Mar
7%
—100
Auto Stamping
Jan
Service
16% Mar
100
1«
6
—
5
Mining
Apr
Industries—
Automatic
Consolidated
Cities
Feb
Jan
200
7%
113% 113%
4
§Childs Co preferred
3%
Coast
Avery
Chief
Mar
Feb
12%
600
9%
,
%
25
4,700
Coast
Plywood
Feb ,j.
18%
110
Jan
111
100
99
.
9%
—
8
Co
48%
116
10
;
Shaft
*
Atlantic
Mar
Apr
Jan
Co—5
Chicago Rivet & Mach
1.300
Atlantic
Atlas
Chicago Flexible
4% Mar
Tel class A—
&
Birm
Jan
7%
98
99
50c
Chesebrough Mfg
Jan
Jan
Jan
dep
Tel &
Mar
3
6
il
"3% "3%
,
—
100
;
3%
»
pfd
Utilities
common
Feb
rects reg
Associated Laundries of America
Associated
Clierry-Burrell
—
1
3%
Co
Canada-.
Feb
9
Jan
21
1
Co
$7 preferred-*
Breweries of
25
114'A Mar
3,200
14%
11
pfd—100
common
106%
new
Associated
Light 7%
80
.
Feb
,
8% Mar
♦
com
5%
Metal Weather Strip
Corp
10
13%
14%
1
Proaucts
•
Works common
Associated
13
Charis
4Vs Mar
2% Mar
800
Chamberlin
Jan
Elec
&
Power
West
A'rcraft
Cessna
!
&
116
116
'
__
10
Gas
Steel
South
Jan
m
Jan
Jan
—
Feb
13% Mar
43%
180
1
.
America—,
York
44
43%
•
Hudson
Central
300
Arkansas Power & Light
Jan
2
Jan
108 Va
•
1
corn™
of
Central
Jan
Equipment Corp
Corp
Apr
46% Mar
non-voting
144
J*n
7%
43 %
•
& Co
Jan
Jan
4Va
Metal
Co
Apr
1
2%
Art
W)
22%
—*
preferred-
(J
40
700
6%
Mai-
X18
Feb:
400
Aro
preferred
$6
350
2,100
A
Carolina Power & Light $7
16%
1
Apex-Elec Mfg Co common——
•
Appalachian Elec Pwr 4%% pfd—100
class
Apr
Jan
28 %
•
Common
Jan
1%
3,000
x23
•
common
200
Gas common—
1%
*
Co
400
common
5% Mar
12V4
!%•
•
Carnation
16%
2,100
Paper
A
preferred
Carrier Corp common
Angostura-Wupperman
Arkansas Natural
class
2,600
Fence
Post
Co
50
2
Anchor
Apr
144
i%
•
Class B
6'/a Mar
Jari
41%
t
100
preferred——5
5%
&
1%
preferred
Thread
'5 %
4% Mar
,
_1
28
2
10c
*
Apr
4% Feb
300
5%
100
Products
42%
preferred
American
City
24%
common
4%
•'
preferred—
*
Superpower Corp com
$6
$6 series
5%
10
Seal-Kap
111
1%
Jan
•
.
Chemical—_
&
Republics
American
1,300
1%
I—1
Co
Meter Co
American
6
107
250
100
Preferred
American
109 % 110
6
20
25
25
100
—*
American
5,100
21%
'
—25
Co—
Hard Rubber
1
If
—_*
common
Electric
American
1,800
Bridgeport. Gas Light Co
•
Bridgeport Oil Co
Brill
Corp class A
.
•
Canadian Marconi
27%
Fork
Gas
Hif*
Jan
Alcohol—
voting
—10
&
American
Low
21
Canadian Industries Ltd—
38
American
Range since January I
Hiah
25
voting-
Class B
Shares
.
.
preference
38
American
Low
Foundry Ltd—
Sales
for Week
Range
of Prices
Par
41% Mar
-
Last
Sale Price
44% Mar
100
Week's
Friday
Exchange
tl mn
41 %
40
_25
Class B
Lvui
37%
25
,
'
American
Curb
Canadian Car &
A
Class B__
STOCKS
York
Range since January 1
Light-
A
21
New
Shares
Hiah
Low
APRIL
for Week
Range
of Prices
Par
American
EXCHANGE
ENDING
Sales
Week's
Lu&i
Sale Price
167/
•
10%
9%
10%
•
10%
9%
12%
1%
1%
1%
1,200
3%
22
r
Jc>
Feb
:i
*
-u——
D
vA
.
Class
7%
B
—
preferred
*-Brillo
Mfg
Co
100
108
:
common
115
106
13.
«•'
•
550
81%
Jan
115
13
200
12%
Jan
14
Petroleum
Darby
Apr
Mar
Davenport Hosiery Mill^_
1
American
Oif
American
Tobacco—
Am
dep rects ord bearer
Am
dep
British
British
.RubbervMfg^^——
;
B
——
Class
Brown
A
A
Rubber
Bruce
(EL)
Distillers
Co
Co
.
Niagara
$1.60
1st
$5
Burco
Burma
Derby Oil & Refining Corp
A convertible preferred
4
200
3%
Feb
4%
Apr
Detroit
Gray
Iron Foundry
16%
20
21%
100
14%
Feb
17% Mar
Detroit
Mich
Stove
1
Detroit
Steel
Produ.cts—
3,000
*
2%
~2% 1%
3,700
17%
Jan
9 %
14%
Jan
80
Mar
Jan
2%
22%
9
9%
3,300
Feb
Vilbiss
14%
15%
4,000
Jan
~9%
100
104%
Jan
97%
Feb
9%
9%
1,000
9%
Jan
12
25
'31 Vb
Feb
31%
650
dep r;ct$
Corp Am
Biscuit.
Butler
(P
1
H) \pommon
3Ve
25c
1%,
5,200
3%
3%
3,100
4%
12%c
Corp
4%
300
Co
Voting
Cables
trust
dep rets 5%
Sugar
Califbrnia
Camden
Tungsten
Fire
pfd
1
Dominion
—
Steel
Jan
1
4%
5%' Jan
•
Driver Harris
Oonl
&
com
U
Jan
1,600
%
Jan
36
Mar
,.
7Va
4% Mar
Jan
65
Jan
Jan
113
6
6%
76%
5%
1,600
75
320
19%
__
76%
77
120
Apr
Mar
Veb
Jan
7%
Feb
Jan
73
79%
Feb
12%
Feb
13
Jan
19
Jan
20%
Feb
Jan
lVa
Apr
3%
Jan
4Va
Jan
20%
Jan
22
Jan
10%
Feb
10%
Feb
13% Mar
14Va
Apr
—£!__
_1
3%
19%
100
1
1 Va
900
%
3%
3%
1,200
13%
.
6%
.
23% Mar
25% Mar
Dominion Tar & Chemical Ltd
13
1% "7 I"
11%
5%
10%
Hosiery
5%
400
5%
Feb
6 V'2
100
~6%
Feb
6%
Jan
68%
175
67
Feb
72%.Mar:
26%
Feb
29 Va
68
10
class B
common
•
1
Apr
13% Feb
6 V2
74
—•
common
Feb
7
Jan
•
Co_
14
Jan
200
5%
*
Corp
Mar
1,600
12
6% Mar
—
23
Draper
50
14
—•_
11%
—1
• '
B
Duke Power Co
1%
*
1
Bridge Co Ltd
Jan
1%
Jan
3%
4%
3%
3%
Feb
200
4%
3
.
j
3%
Jan
800
2%
Jan
400
9 Va
Jan
1%
Feb
~6%
■
Mar
7%
Feb
SVa Mar A
3%
Jam
I % Mar
Duval
Texas
*
Sulphur
9%
9%
Corp
Co
Ltd
see
'
5%
7%
t
1
Insurance
footnotes
,-1
Power————rlO
Assn
pfd—100
page
5%
-
7-
5%
5%
100
5%
Apr
-71/s
1,800
5%
Jan.
7% Mar
5%
2,100
4%
Jan
6% Jan
7%
10
Mar
Feb
East
Gas
I
Assoc
preferred
Eastern
1681.
& Fuel
common
•
4%% prior preferred-—————100
6%
5
6%%
5%
Malleable
100
Iron
25
1%
700
2
56%.-Jan
2% Mar
Mar
70
----
63-
64-
175-
35%
35
37
825
,32%
Jan
40
28
28
50
24%
Jan
28
Va
.
1
Jan'j
79% Mar;
J
£1
Estate
Electric
Canada Cement
For
1%
1 Ve
—
Dominion
1%
i % Mar
~4
Mar
Wireless—
&
American
Calamba
Callit.e
1%
500
certificates
II
•
Domestic Industries class A
4
900
"3%
Apr
26
10
common
Duro Test Corp
50o
33 Va
500
10
Corporation
1
Apr
3% Mar
Apr
40
34%
37
'"V 18% Mar
10
common
dep rets ord-reg—.
Durham
Cable Electric Products common
Co
common
f
Tnirrv
'
"
b
lb'
Co Ltd—
Am
Apr
101
Jan
1
common
Shoe
Dobeckmun
Jan
31%
100
9%
i
/
20
preferred
1%
Jan
15%
,_50
•
Mfg
Diamond
Feb
17%
31%
•
._*
Co
&
Distillers
14% -Apr
9
Gasket
De
Apr
Jan
1%
500
16%
16
34%
100
com
preferred
Divco
2.50
preferred—:
debenture——.
8%
24% Mar
21
—
*
'
1
77%
20 %
25
Sullivanj.
&
$3
Feb
4% Mar
& East Power—.
preferred
Hill
Inc
17
Jan
•
preferred
Bunker
16%
5
Buckeye Pipe Line
Buffalo
Jan
Detroit
3%
1
common
common
8
15%
200
Jan
Jan
8,600
37
6 % Mar
Feb
—
1
Mills! Ltd
Brack Silk
15%
'Z-
—
35
20
6%
;
•
.
convertible—
Dvjay Stores—^—
Dennison Mfg class A; common
$6 prior preferred--
3%
15%
1
prior preferred
Jan
•
——
common
preferred
Forman
Brown
*
18%
Feb
10s
class
Power
—
Fence & Wire
Feb
20
£1
reg
Ltd—
rets ord reg__
Columbia
Class
Brown
18
—.
£1
ord
rets
Celanese
Amer dep
$5
*
Co
29%
17
24
34%
•
Dayton
Class A
British
British
8
common
Mar
Mar
Monday, April 24,
& FINANCIAL CHRONICLE
THE COMMERCIAL
1678
1944
NEW YORK CURB EXCHANGE
RANGE
STOCKS
New
York
Curb
Week's
Last
Exchange
21
APRIL
ENDING
■'•'i
HI*
$7
preferred series A
preferred series B
Eastern Sugar Associates—
preferred v t
c—
& Share
Bond
Electric
$6
36%
Emsco
44%
35%
150
5%
1,100
48 %
Jan
5
Jan
3Mar
15
Feb
Jan
6
8%
42,200
7%
Jan
10% Mar
90 %
2,900
83%
Jan
93% Mar
90%
90%
92
2,800
88%
Jan
95
54
650
47
Jan
65 Va Mar
%
■■
700
%
4
9%
32
9
9%
»
9%
Ills
1%
I
Corp common
convertible preferred
Inc
■—
Eureka Pipe Line common
10%
_10c
8%
Jan
116
Jan
42% Mar
44
Feb
12,400
36%
35%
1
5%
5%
34%
34%
34%
8%
50
19%
1
Inc common—
31%
550
37
400
20
Jan
Apr
1 % Mar
Jan
18%
Engine
—
Mfg Co
Fedders
3,200
7%
4,700
1%
Jan
14%
.
•
14%
200
12%
Jan
15ya Mar
14%
'
14%
15%
2,500
14y2
Feb
18
5%
25%
300
5%
25%
5%
50
.10
B
Mar
63
4% Feb
4%
.
4%
1,400
4%
Jan
20%
200
19%
Feb
20%
Jan
Warrants
'
rets bearer—.
—8
Brewing Co
__1
Franklin Co Distilling
__1
Froedtert Grain & Malt common—
1
Fuller (Geo A) Co
—
*
$3 conv stock
100
4%
convertible preferred
—
dep
45
100
75
72
iPeter)
Jan
Mar
2%
Jan
75
Apr
350
39
39
4
Jan
18
20
5 %
Co
Power
Feb
45
Mar
Jan
X68
Feb
8
Jan
50
100
preferred
76
76
70%
Feb
76
Apr
Geilman
Mfg Co common
I
2%
2%
200
1 %
Jan
3
Feb
General
Alloys Co
•
1
1
300
|jj
Jan
I %
Apr
Gen
Electric Co Ltd—
12%
£1
dep rets ord reg
Amer
1
10
*
•
Outdoor Adv 6% pfd
100
Public Service $6 preferred
•
General
General
General
Rayon Co
stock
A
General Shareholdings Corp
$6 convertible preferred
Gen
Water Gas &
$3
Electric
$5
(A C)
$7
6 %
Coal
preferred
Sugars
class A
preferred
$3
Inc
class
Mines
75 %
Jan
300
8"%
Jan
11% Mar
50
41%
Jan
47
111% 111%
200
10%
250
105%
Jan
Mar
16
11% Mar
13%
Apr
15%
*
A
~6
6%
;
Pacific
&
Non-voting common
1%
1st preferred—
Northern
"7%
70
Apr
40% Mar
11 %
Apr
Jan
104 %
Apr
Jan
Va
5%
2,100
%
Jan
30%
5%
5%
8%
8%
9
32
Jan
7
7
2,500
Feb
Jan
Apr
70
4%
500
Jan
30%
100
~5%
7%
Jan
56
300
-
30%
Apr
Jan
Mar
11%
Feb
Tea—
stock
90
90
175
32%
32%
150
25
Greenfield Tap & Die
•
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd
•
6%
$6
6%
6%
300
3%
93% Mar
Jan
Jan
:
•136
29%
Jan
6%
Feb
Mar
33 Va
7%
Jan:
Jan
300
108 % 108%
10
50
110
Feb
Apr
111%
Jan
112%
Apr
108 %
111% 112 %
4%
Mar
3%
•
•
Alabastine
84
132
*
100
Paper
preferred
Gypsum Lime &
%
68
68
»
;
Mfg Co
Atlantic
3,200
Feb
Feb
104
1
9
Mfg
%
3 % Mar
7P'
."""I:
H
Lamp
Hamilton
Bridge
Hammermill
Harvard
Brewing
Hazeltine
ctfs
trust
1
Co
non-vot com..1
6%
7%
25
participating A
common
& Co class A
C_
»•>
Jan
5
50
jt
>>.
500
:2%
Jan
'5%
Apr. i
200
27 %
4%
>.■
•.
,'j
Kleinert
41%
4Va
Jan
14
100
11%
200
Feb
Apr
6% Mar
i
Jan
6%
44
Lane
Wells Co
1,100
Horder's
Hormel
Co
common
Jan
Jan
Convertible
(Geo A)
& Co common
Horn
(A C)
Horn
& Hardart
Horn
&
f>%
Co
common
22
24
Feb
preferred
Hubbell
26
100
5
•
5
(Harvey) Inc
& Refining
Humble Oil
•Hummel-Ross
119
*
Fibre
Hussmann
Ligonier
Huyler's common
Corp
26
113
675
27
42
20
113%
Line
Corp
Lit
Dividend
Illinois
arrear
Zinc
25%
111
Jan
,
For
footnotes
92
Feb
99%
Apr
100
Jan
106%
Apr
75
I 18
Jan
20%
Apr
Feb
Jan
••)••
:
T.~".
.
/
Jan
66
Feb
Jan
55
Feb
,
2%
2%
3
700
2%
Feb
bVa
5
5 Va
600
4%
100
3
Jan:
5% Mar
Jan
%
lit
Feb
8%
700
9%
:.
Jan
16'A Mar
12% Mar
Mar
12
8%
%
IH Mar
15%
8%
Feb
56
45%
400
60
60
111%
Feb
111%
9%
Feb
Apr
Jan
20
Jan
100%
Jan
.>■ 106
Mar
84%
16
103 'A
101
103
290
Feb
95
Feb
12%
Feb
13%
Apr
y2
600
7%
Jan
600
37 r,
Jan
4974
12
'
;
9
48
14
9% Mar
3,500
Jan
15
Jan
900
2%
Jan
3
Jan
3 Va
100
2%
Jan
3% Mar
Feb
11%
600
9%
Jan
12% Mar
Jan
26% Mar
6%
5%. Feb
75
6%
110
Feb
Apr
3
Mar
5y8 Mar
25
■
Feb
35% Mar
"%
6,300
A
Jan
26%
200
26%
Apr
10%
700
10
Apr
Feb
11%
Feb
22%
Feb
25
Apr
1%
Jan
Jan
Jan
11% Mar
"2
18%
Jan
16%
16%
250
15
Feb
.1674
8%
8%
3,500
8
Jan
8%
Feb
Feb
1%
Jan
100
2% Mar
20%
Apr
'
5
^
*
I100
preferred class A
8%
-10
.100
preferred class B
Land & Exploration—.. —1
Louisiana Power & Light $6 pfd—
6%
Louisiana
Corp
1 Va
29 y2
,
"2
.
Long Island Lighting common
1%
Apr
%
2%
:
%
61
.
n
6,500
150
61
64
57
•
59%
51
69'A Mar
Jan
49
Apr
7%
6%
7
Jan
Feb
Feb
7'A
Jan
Jan
111%
Apr
1,425
,
6,500
28% Mar
26% Mar
450
28
27%
61%
6%
109%
57%
27%
common
%
%.
,,
M
1%
1
Mangel
$5
Stores———:
convertible preferred
(The B)
Manischewitz
Consolidated
Mapes
Mfg Co..,
36%
Apr
4% Mar
Apr
119
Apr
27
Apr
113%
Metal
1% Mar
Feb
7%
2%
Jan
3%
~3%
~4Va
500
8%
8%
8%
400
•
157%
Jan
4 Va Mar
41
Jan
52% Mar
1,000
6
Jan
2
3%
20
114
Apr
Preferred
:
——_—
...:
17%
Apr
20% Mar
Micromatic Hone Corp:
38%
Jan
43% Mar
Middle States Petroleum class A v t c.l
5%
1,800
Jan
5% Mar
;
4%
%
1
300
3,000
;
B
v
t c..—...
6%
Jan
8'A Mar
Middle
_2%
400
2%
Jan
3%
Feb
Midland
Oil Corp
100
20%
Jan
28%
2%
3Va
Jan
Apr
Jan
36
Jan
110
Jan
116
Mar
100
%
1,700
.6 %
'
2%
6%
7.
si
"2%
5%
w»4?? Mar
iPr
5 'A
Jan
•
Jan
8
.
Jan
Feb
Feb
Jan
100
400
3 Va
Apr
.
7%
Feb
,;v7/A Mar
Apr
■
12%
7,600
3»A
23,900
"1%
Jan
,-,3% Apr
5,300
97/a
Jan
11% Mar
600
9
Jan
10
50
20
400
24
Apr
Midland
1
—
4%
6%
•
Class
2%
2
11
12%
3
200
Va
4%
'■%
:
10
...
18%
Apr
'
Michigan Bumper Corp new.——.1
2.50
—_•
2
Jan
36
Participating preferred—
15
Metropolitan Edison $6 preferred;.—*
Steel Tube—1
Michigan Sugar Co—
Apr
Jan
1%
"
Michigan
1%
103 Vz
100
,115%
Feb
Jan
%
2,600
1%
8
99J/a Mar
100
3%
2
3%
100
101
100
25c
—
Apr
200
1%
1%
Textile Corp.
900
Feb
Jan
159
Jan
7V'8
6%
•
100
1
A preferred.—,
50
4
4%
10%
8'/a Mar
138
Feb
Jan
50%
3%
50
•
Scott
159
157
,__5
Messabi Iron Co—
Jan
7
Jan
•
•
common
&
26
Jan
•]i
•
—
Jan
Feb
4%
200
6V2
1
Warrants
Jan
Mar
33% Mar
19
6%
lVa
5%
*
.1
c
Co—i
&
Stores
Chapman
Merritt
Feb
1,000
*
Dredging
Jan
81
Com¬
Harris common
& Mfg B
Johnson
8% Mar
Jan
33
100
33
33
•
Marine
Mass Utilities Association v t
Mercantile
Feb
81
•
Margay Oil Corp—:
Marion Steam Shovel
Massey
2 Vs Mar
Jan
5%
100
Ltd.
Co
munication
1%
500
7%
___•
Co
International
Marconi
1%
7%
optional warrants
Manatl Sugar
Steel Products—
11
10%
1,400
11
9%
Jan
13
Mar
West
Corp
8
—
141/3
10%
7
49%
13
1473
10%
10%
.
Co
Oil
4 %
Jan
8%
Apr
Midwest
Piping
Jan
49 ■%
Apr
Mid-West
7,000
9%
15 Va
Apr..
9%
Jan
Feb
11%
Jan
Mining
22%
24 Va
25%
2
2
500
~8 %
R%
8%
900
'2%
2%
700
Supply—
1
Refineries
Mining Corp of Canada..
Minnesota
10
&
Mfg.—
1%
Mar
Jan
23'A
Apr
26%
Feb
Jan
2%,
Jan
Apr
Jan
Jan
2
Feb
17
Jan
2% Mar
1% Mar
•
_•
8(4
8% Mar
15%
.....—>.10
Co...
&
24%
10%
22%
•
10%
10
10%
50
Abrasive
43%
5
•
common
1,900
200
^
$2 non-cum dividend shares
17,800
8%
47%
common
$2 conv preferred—*
58%
57% '58%
250
1|;|
Jan
Mar
59%
Apr
52
1681.
Feb
124
Jan
121%
A
Class
22%
•
see'-page
60
210
20'A
•
42%
4
99%
106 Vs
jlr
Lone Star Gas Corp new common-
30% Feb
Jen
Jan
98
105
x
99%
26%
commoft—.
Groceterias
22%
,
Co
94'A Mar
...
_2%
•
ctfs
Feb
10%
Inc
2%
___50
....
87%
21
Steel Chain...
Locke
Midwest
preferred
50
93
93
—.—
Brothers
Loblaw
Mid-West
conv
Feb
2%
2% Mar
Lipton (Thos J) Inc 6% preferred.
Midvale
5%
Jan
A7%
Jan
preferred
(R G)
22%
—JLL.5
Illinois Power Co common—.
3%
Jan
2%
Material Co
Lionel
Jan
*
lyg-ade Food Products
Feb
5
Development—
Le Tourneau
1
preferred
Hydro-Electric
Securities
3
500
vI-' .Aw
*
1
Co
1st
1,800
4,100
20%
41%
5
3%
5%
2%
17%
.
3
5%
105 Va
Memphis Natural Gas common
33
•
Baking Co
Hardart
3%
7l%
Mead
Apr
3%
Mar
1% Mar
5%
.
Apr
13
I
.
% Jan
3%
Apr
18%
Jan
300
9
10%
Oil
Leonard
16% Mar
15%
100
1%
20 V\ Mar
Jan
1%
:% Jan
./•
Jan
7%
Jan
2%
20
10%
1,900
15
Jan
17%
45
28'A
Jan
9% Mar
10
Feb
12 V\
100
13%'
McCord Radiator
13% Mar
15
25%
Jan
'■
McWilliams
12% Mar
9%
5
•
,
Feb
7
350
common
Apr
•
...
Inc
Apr
Mar
1 Va
8%
6y8
Realty
Lefcoui't
Apr
•
Consolidated G M—
Hollinger
48
Feb
19%
Langendorf United Bakeries class
6%%
Holophane
31'A
Feb,
1,000
11%
*
common
14 Va Mar
Jan
29%
Apr
VV Jan
Jan
8%'
preferred
Bryant 7%
Lane
7% Mar
Mar
28%
Feb
24%
24%
18%
i8.s;8
Lakey Foundry & Machine
Corp of Delaware—
11%
12
300
9%
Lamson
13
26
150
(N J)
Jan
100
31%
30%
Lake Shore Mines Ltd.
Jan
14%
—10
RR
Lackawanna
Jan
250
3sa Mar
.% Mar
preferred
:
100
Kresge Dept Stores—
4% convertible 1st preferred..,
100
Kress (3 H) special preferred—_—10
Kreuger Brewing Co
1
9%
27%
18% Mar
1
.*
...10
:
1
Inc
Stores
10
20
19%
;
Corp common
11%
18%
.
Emil) Co common
(I B) Rubber Co
Jan
26%
500
2.500
44
Koppers Co 6°!o
Mar
1%
4%
30
-
,
Jan:
3%
400
7%
1,200
3,400
43
24%
A
Mar
Mar
-,
200
Apr
8
5
Vr ; 1,24
Feb
19%
26%
*
5.
,
4
5
...
Jan:
1%
2
23%
tc■lir
Jan
Xl9% Mar
Jan
1
>
X'-'- i'l
.5% Jan
5%
28
■
common—<_.L2.50
Heyden Chemical
300
11%
—
2
Preferred
Hewitt Rubber
1%
14
_«
common
Henry Holt h Co
3%
42
*
Co
(R)
4%
50
Class A
Hoe
27%
25c
Rubinstein
Heller
250
22
'
preferred
Mining Co
Helena
3%
5%
•
•
5
,
...
47
1%
1
Corp
Hearn Dept Stores common
Hecia
21%
25
voting
Hat Corp of America B
200
5
10
Light
Rayon
7%
*
.
Paper
Hartford Electric
Hartford
Ltd—.
Co
."•!
7%
8
Co..
(D
Lynch
Uw,
Hall
1%
Feb
Feb
i3a
1,400
Mar
II
51% Mar
Jan
Grand Rapids Varnish
Great
112%
9%
.10
Great
Mar
10%
common
Gray
Mar
—50
preferred
Gorham
90
11
45%
1
Mfg Co_
Klein
2 "A Mar
9
1%
*
Feb
•
.
Consolidated
Goodman
;i%
Kimberly-Clark 6% pfd———100
Kings Co Lighting 1% pfd B——.100
5% preferred D_
—100
Kingston
Products—
1
Kirby Petroleum
J
Kirkland Lake G M Co Ltd
1
Apr
37%
8% Mar
Key Co common—;
IS
100
Jan
17 Va
1%
9%
7%
10%
300
9%
300
Jan
II
81
•
Jan
7%
9%
1%
•
Jan
19
9% Mar
It
5,800
19%
Apr
preferred—100
Inc.:
Kobacker
14%
Apr
17%
350
Knott
13%
17
500
400
Apr
Feb
9% Mar
4,700
17%
12%
Apr
Jan
Jan
400
17%
17%"
v
17%
10%
Mar
10 %
7%
8%
17
7%
17
11
1
51% Mar
Feb
Apr
10
78
100%
3%
16%
*
91
Mar
Apr
Jan
8
Jan
111
10% Mar
2%
Ken-Rad Tube & Lamp A
Kennedy's
Jan
83
.
K
79%
10
14
Jan
«
1,600
1.600
Apr
17% Mar
15%
*
Julian & Kokenge Co
74
45%
*
.
7%
8%
3
2%
100
—100
preferred
7%
20
10%
Jan
Lt 5Va% pfd—100
Jersey Central Pwr &
1%
111%
Feb
14%
1
1
*
Co
Co
Jeannette Glass Co
i-t" Li)
50
80
77%
*
Aircraft Engine
Jacooa
100
•
Goldfield
Gorham
Mar
•
.
B
Class
119
84%
50
300
Mar
25
A
Italian Superpower
Jan
32
,
91
V
•
•
.
Co
Godchaux
Jan
Jan
300
9%
76%
*
Alden
Feb
17% Mar
Jan
27
16%
preferred———*
Investors
Royalty
—
1
Iron Fireman Mfg voting trust ctfs—•
Irving Air Chute—
1
91
1%
•
Gladding McBean & Co
Glen
8%
•
Preferred
Gilchrist
14%
115
90
Mar
4
%Jan
1
preferred
common
400
;
v
Feb
13%
Jan
Feb
3%
Apr
Mills
Hosiery
Feb
■.'•v-1
84
'
Feb
1%
200
'V?
28
Power $7
Interstate
70
16%
8
Jan
66%
Jan
27%
31'A
Interstate
110
42% Jan
46%
50.
82 V*
•
•
*
B—.—
76%
•
_
preferred
Gilbert
17
116%
116
91
1
common
preferred
Georgia Power $6
16%
16%
116
—•
com
200
8
preferred series A
General Fireproofing common
Gen
las & Elec $6 preferred B
b%
3%
3%
General Finance Corp common
54
Mar
106
100
120
52
83
Mar
7%
*
common
Feb
23% Mar
27%
*
10
.
Kansas Gas & Elec 7%
Gatineau
10
Feb
11
*
*
1
14% Mar
3
Jan
53%
shs„•
preferred
.
prior preferred
Interstate
Home Equipment—
J*fn
Jan
37
1,000
Feb
10%
58
3%
13%
Jan
Jan
16% Mar
3
13
Jan
12%
7%
coupon
$3.50
Jacobs
2
12%
Apr
—
$1.75
21% Mar
voting
Motor of France—
Amer
Jan
20%
4%
£1
A non-voting.
Fox
25% Mar
25% Mar
60
—
Feb
7%
Jan
19%
Class
Class
Ford
Mar
'
.25
& Warehouse Co.
(Phila)
Ford Motor Co Ltd—
Am dep rets ord reg
Ford Motor of CanadaAssociation
Jan
Apr
11
,
Apr
2 V*
10%
100
51%
America——.10
Machine.
•
International Hydro Electric— •
Preferred $3.50 series
50
International Industries Inc.—a——1
International Metal Industries A.
•
International Minerals and Chemicals-
Registered shares
International Products
10% Mar
Jan
2
Is
—
Federal Compress
Fire
9%
1%
-
•
Metallurgical
Fansteel
9%
1%
.
..I
Brewing
Falstaff
9%
..1
6,800
107% 109%
108'A
Co of North
Razor B
International Utility class A
-1
Apr
11%
11
9
International Cigar
International Safety
& Inst Co
& Airplane
Fairchild Camera
6Va
10%
22%
—100
preferred
Insurance
Class
Fairchild
Jan
1
Industrial Finance v t c common
International Petroleum
Mar
23
Feb
5%
£1
———
Apr
6%
34%
100
11
10%
Indianapolis P & L 5%% preferred_100
Service 6% preferred
100
7 %
preferred
100
7%
A; High
Low
6 Va
6 Vb
Indiana
Mar
38
Jan
Mar
4%
31
Apr
Mar
10%
Jan
1 Va Mar
400
„50
$3
Esquire
10%
500
1%
1%
Jan
50
10 %
10
33
30
2,700
42%
42%
10%
Jan
8%
175
-
_100
Electric 6% pfd—.
Feb
103%
9%.
31
31
15
Ireland
1 % Mar
% Mar
200
Feb
Range since January I
High
Low
dep rets regis
Am
15% Mar
8
89
___i
—
Equity
Eversharp
Jan
49
Power participating stock.
Derrick & Equipment—
Empire
Feb
Feb
Jan
33%
8%
■■
•
Mfg
Electric
Empire District
40%
"40%
£1
Imperial Oil (Can) coupon—
•
Registered —
•
Imperial Tobacco of Canada
S
Imperial Tobacco of Great Britain &
-
89%
National Watch Co
Emerson
33%
1,200
5%
2d pfd A_.
Electrographic
Elgin
37 Va
Imperial
1
Shares
Chemical Industries-
Jan
% Mar
975
42%
5
-•
warrants
Corp
Option
36
——*
common
Power & Light
Electric
37
"
preferred
preferred
$5
36
1
—
Easy. Washing Machine B
Economy Grocery Stores—
300
lij
37
•
$6
$5
'
%
States Corp..
Eastern
High
for Week
of Prices
Par
•
Low
Sales
Range
Sale Price
Range since January 1
High
Low
Par
Week's
Lasi
Curb Exchange
York
New
Shares
Friday
STOCKS
for week
of Prices
Sale Frice
WEEK
FOR
Sales
Range
Friday
>
Volume
Number 4275
159
THE COMMERCIAL
& FINANCIAL CHRONICLE
1679
NEW YORK CURB EXCHANGE
RANGE
STOCKS
New
York
Curb
Week's
Exchange
of Prices
Par
WEEK
ENDING APRIL
for Week
Cast
Sale Price
FOR
Sales
Range
Friday
Low
'
M
21
"STOCKS
New
Shares
York
Curb
High
pfd.. ..100
97Ms
Jan
100
Feb
Phila Electric Power 5%
Mississippi River Power 6%
pfd.. -100
109 Ma
Jan
114
Feb
Phillips
Packing
8 Ms
Jan
10%
Apr
Phoenix
Securities
Jan
19% Mar
IOM4 Apr
Pierce
Pitney-Bowes
Missouri Public
Service
Mock Jud
Voehringer
Molybuenum Corp
»
common..
"_2~50
common....
Monroe
Pictures
Loan
Montana
Utilities
*
__
3,700.
8% Mar
-
,•
15%
_
Jan
22
2%
550
Feb
4
3,400
^ 171 %
140
X167% Mar
200
-16%- Jan
1%
170
32
28%
75
*
5%
20 Ms
14%
9 Ms
127
9%
26 Ma
27%
6,100
22%
Jan
2 9 Mi Mar
14 Ma
14%
500
12 Ma
Jan
17%
1%
ne
2,500
7%
7%
700
3
Meter
RR
10
Pleasant Valley Wine Co
Apr
Plough
Jan
Pneumatic
,:f
1% Mar
Polaris
Jan
Powdrell
Apr
Pratt & Lambert
131
Feb
13%
Jan
16
Mar
,11%
Jan
13 Ma
6 Ms
Jan
10% Mar
Jan
80
Apr
Gold
-100
64
Hess
7%
preferred
National
-—.*
__
Mar
Producers
•
Mfg & Stores common
National
Rubber
common
Ltd
•
National
Sugar Refining—.
National Tea 5M2% preferred
Oil
Navarro
450
35
Jan
1,000
12
Feb
14
54
11%
50
Jan
58
11 Ma
Jan
12
100
5
4M2
Jan
Jan
7
10
200
10
400
10
Apr
11
Ms
100
12
Apr
13 Mi
Gas
2,600
18%
Feb
21% Mar
50
8%
Jan
11%
Jan
iy4
Feb
9 Ms
9%
12%
1,100
1%
1,400
4%
1,100
28%
100
3 Ms
26
111
$2
preferred..
New
England
New
Haven
New
Idea Inc
New
Jersey Zinc
25
New
Mexico & Arizona
Process Co common—
Y
Auction
Co
Land
N
Y
N
Y
7%
Feb
Jan
9
Feb
Rath Packing
6%
18%
8%
8%
"J.
Y
—.
Feb
104
Apr
106%
Jan
Red Bank Oil Co
Jan
9%
Jan
Reed
6%
55 Ml
700
.54%
2%
2%
300
*2%
■
3%
—
■
—
24 Mi
950
170
104 Mi 104 Ma
80
Republic
Rice
4
Mar
Richmond
1
Y
Water Service
6%
pfd
Niagara Hudson Power
5%
1st
5%
2d
100
100
.
Class
A
preferred
optional warrants
Class
B
2%
79%
77
Class
A
100
116 Mi Mar
Roeser &
Jan
105 Ma Mar
Rome
.
14%
Apr
5
preferred—
5
100
106 Ma
•
11%
1
North
$6
Mines
t
75
Jan
Jan
Russeks Fifth
Apr
850
74%
Feb
100
66 Mi
.3%
v
.;
Feb
5%
Ma
UJ'5
83 Ml
1/128 Feb
'
300
5%
105
30
3*2
■
Mar
32
J an
Jan
106%
3,400
10%
Jan
13
100
9 Mi
Jan
9M2
Jan
2 Ma
\v6Mt
Jan
Light & Power common..1
preferred—
•
%
%
7,100
Ma
Jan
%
Feb
St
Feb
Jan
Amer
American
Penn
RR
Texas Oil
Nor Indiana
7 %
28 Ma
53
100"
Jan
120
28 Ma
.%
3iy4 Mar
Mar
y4 Mar
9%
%
Jan
100
5%
9%
31
54
Apr
100
%
5 Ma
9%
Jan
52% Mar
10
Apr
28
•
1
4%
Jan
7
Jan
10 Ma Mar
87
Jan
87
Jan
108
Mar
116
Mar
3,400
1
Mar
5M2
Apr
'
50
Public Service 6%
■
106
25
A
Corp
/'■'
106
104
Jan
10
114
Feb
12 Ma
13 Mi
/ 6,900
24
13
•
10
114 Ma 114 Ma
100
Power class
I
:
pfd.100
preferred
Novadel-Agene
103
1,225
53
5
Co
Northern States
120
28 Ma
Utility Securities
Northern Central
North
115
:
•
Northeast Airlines,
Ogden Corp common
Ohio
Brass
class
Co
Ohio
Edison
Ohio
Power 4Ma%
Ohio
Public Service
6 %
1st
.4
$6
B
24%
300
7 Ma
23
,
Jan
•
Jan
14%
Apr
27 M4 Mar
preferred
Oilstocks Ltd
!
$5 Mi
Oliver
conv
common
-1,000
3%
Apr
75
18 Ms
Jan
21
Samson
300
\l
Jan
Jan
is
x40 Ma
16%
17%
Feb
x40 Va
Feb
15%
Jan
17%
Apr
1,400
Mar
48
24%
12%
Mar
49
30 Ma
Jan
2%
Jan
Jan
25%
5,900
1%
Apr
200
21%
Feb
24% Mar
11 Mi
1%
22
2,500
2MB
22%
24
2
Jan
12% Mar
"3% ~4%
4,500
%
n
1,200
3%
Jan
4%
Feb
Jan
11
14%
Apr
% Feb
pfd D
100
105 Ma
1 Ma Mar
3%
Jan
13 Ma
Apr
11%
5
5
1
20
200
11%.
Jan
% Mar
2 Ma
~5
5 Ma
"5%
108
5
Feb
12% Mar
Feb
Apr
2,900
Apr
15%
10% Jan
2%
Jan
6V4
17 Ma
Jan
Jan
Jan
Mar
19
17
*
18
Jan
8 Mi
8%
500
8
Jan
9
3%
3%
500
3 Ma
Jan
4
Mi
Jan
5
Feb
5%
Apr
1%
1%
1%
300
IMa
Jan
2Mb
Feb
4%
4 Mi
8%
1
•
1
•
50
5
—100
pref
common
United
1
Mills
Corp common
1
*
Co
t
Mar
Schiff
Co
common—
•
Schulte
(D A)
.1
common
Convertible
preferred
Manufacturing—
Scovill
4%
Feb
21 Ma Mar
147
149%
,
Electric $6 preferred...
•
Spring Brook Water Service—
preferred
*
Scranton
350
9%
2,000
900
146
16
100
'2%
Feb
156Ma
Feb
10 Mi Mar
Feb
2 Mi
100
16
16
"2
"5%
8%
Jan
4% Mar
38
Jan
32
"2
Jan
Jan
4M4
10,900
3%
3
3%
4%
149 Ma
8%
9
1%
14
Feb
<
Apr
2 Ma Mar
17Ma Mar
Jan
3 Ma
Apr
2%
3 Ma
8,500
1%
Jan
65.%
69%
1,025
50%
Jan
30
25
25
.
2% Mar
2% Mar
5
30%
400
27 Mt
Jan
X32
Mar
64
Feb
81
Apr
•.
•
„
—
.
70Mi Mar
—
—
Scranton
$6
Scullin
Steel
Co
Shoe
Selby
Selected
1
•
—•
Co..——
Industries
60
109
Jan
112 M»
Feb
Convertible
70
112
Feb
115%
Apr
$5.50
117%
40
115
Jan
118 Ms
Feb
108
Jan
112
2%
40
*
:
~1
10 Mi
300
2%
300
7%
16%
Jan
2M2
Apr
3 Mi Mar
Jan
42% Mar
40
1%
3,900
1
Jan
7%
600
6%
Jan
8% Mar
100
16 Mi
Feb
17 Ma Mar
5,700
%
Apr
17
%
%
18
12 M2 Mar
9%
100
40
IMa
7%
1
Inc common
Ma
210
78 Ma
10 Ma
1
:
Inc—
Bros
73
77
;•
common
Securities Corp General
110% 110%
IMa Mar
1M4 Mar
,
Feb
116
117 Ma
5 M4 Mar
22
22%
22 V*
-110% 1T0%
1,100
--
18%
210
5% Mar-
Jan
22% Mar
xllOMt Mar
113
Jan
6%
l
.
Apr
7 Mi Mar
8
_i
..
Jan
15 M4 Mar
Jan
Oil
•114% 115 Ma
*
Securities
Jan
1%
Jan
Feb
Savoy
116%
•
Omar Inc.—
Overseas
21
3%
5
United Filters B
10%
Apr
12%
Ma
Co
Sanford
114%
.15
common
prior preferred
1 %
500
2%
Lock & Hardware
Seiberling Rubber common
100
Oklahoma Natural Gas
5.500
U
16%
2 Mi
conv
Oil
Dome
100
1st pfd
1%
13%
300
Ave
Paper
*
preferred
•
1%
12%
500
preferred
7 %
Salt
$2
A
Regis
100
preferred.
Apr
Jan
%
Segal
V
3%
•
common
7%
3%
77
154
Jan
2%
Corp Ltd
Lawrence
Class
St
Seeman
.
149
Jan
1%
North
Jan
;t. Apr
71 Ma
130
150
Mar
9%
4 Ma
50
77
74
Apr
12%
9%
Rayon class A
Mar
6% Mar
Jan
11%
200
common
Feb
101
A Mar
400
B
10
8 Ma
%
Ryan Aeronautical Co
i
Ryan Consolidated Petroleum..
Ryerson & Haynes common
Jan
1%
prior preferred
Jan
50
900
2%
convertible preferred
$1.20
Jan
77,.
v
1 5%
6%
Mar
%
Royalite Oil Co Ltd
1%
Class
13
2%
Co
Feb
2%
1,100
Petroleum
Root
Jan
5%
North American
14% Mar
Jan
1
•
Mt Mar
68
106 Ma 106 Ma
116
Jan
11
*
Field Inc
17
]
•
Electric
Jan
11%
1
common
111
80
•'>
Corp
Jan
5
Noma
93 Mi
13%
t c
v
Pendleton Inc
Cable
Jan
•
64
10,300.
..'I"'
Nineteen Hundred Corp B
Ntpissine
^
13
109 Ma
85
2%
68
Niles-Bement-Pond
300
500
100
10%
ir
Radiator
Rochester Gas & Elec 6%
Jan
Jan
102
30
1/128 1/128
common
Apr
Feb
Mar
26
11%
112%
•
-700
67
2%
optional warrants
Niagara Share class B
15 Ma
64%
10
common
preferred.
14%
109% 110
pfd.100
*
13%
Jan
12%
1%
warrants
Rio Grande Valley Gas Co
Roosevelt
shares.
116
Jan
10 Ma
149 Ma 150
—5
—1
*
& Engineering
Oil Corp.
Richfield
Shipbuilding Corp—
Founders
108Ma Mar
114 Ma
9 Ml
22%
Aviation
Dry Goods
Stix
Mar
10 Mi Mar
:
Jan
21M4
250
Jan
Feb
3%
Jan
'
14 Ma
Reliance Electric
Jan
7 Mi
•
——
104%
Jan
Apr
—10
12%
12%
1
Roller Bit Co
35
Mar
common__50o
Manufacturing
Raytheon
59 M4
Apr
Jan
35
24%
•
Jan
15,200
116
11%
•
$3 convertible preferred
19% Mar
18Ma Mar
'
54%
116 Mi
N Y State Electric & Gas $5.10
N
18
60% Mar
20% Mar
500
'•
—
Raymond Concrete Pile common
7 Ma Mar
Jan
75
70 *
..10
1
10
•
Co. common...
Jan
1,800
18%
3
Mar
47 Ms
175
.58%
115
-
8
8
& Light Securities
Jan
xl4
-
Railway
6%
10
preferred
116
11%
13%
Feb
87 M4
200
preferred—100
Merchandise
Ma Mar
Apr
R
7
104% 104 Ma
10
_
Jan
6%
108
Radlo-Keith-Orpheum option warranto.
Voting common
Railway & Utility Investment A
,
Rosario
Power & Light 1%
$6
N
Honduras
aa
600
7% Mar
Jan
7
6
•
&
7M2 Mar
6,400
99 Ma
Jan
114
Jan
City Omnibus warrants
Y
Jan
Jan
Feb
1
common
Y
N
Jan
44Ma Mar
29% Mar
4%
•
N
Apr
1
Jan
10 Ma
87 Mi
55%
54%
y4
6%
.100
—
400
•
New
N
6
56%
%
74
preferred
Quebec Power Co.
6%
_•
common
30
U Jap
Feb
6 Ma
*
5%
100
Co..
Jan
26%
150
43
*
5
10
6%
6%
•
Tel & Tel
Clock
1%
4%
Mar
,
•
100
10
6%
•
preferred
1st preferred—
6%
Apr
13 M4 Mar
Jan
30
111% 111%
9 Ms
Jan
300
29
*
England Power Associates
Jan
2,200
16
100
100
1st preferred—
Quaker Oats common
*
*
6%
6
3 Ma
of Colorado—
Pyle-National Co common
Pyrene Manufacturing
Jan
20
19%
12%
Nestle Le Mur Co class A
7Mi Mar
Jan
Jan
12
5
New
Jan
12% Mar
12%
1%
(Herman) Corp
Neptune Meter class A
29%
29%
Jan
5%
300
Mar
100
3%
Nehi Corp 1st pfd
2
4,600
1
America
of Nevada
Corp
Feb
Mar
Jan
'
12
1 Ms
Nelson
2%
6%
•
$5 prior preferred
Puget Sound Pulp & Timber
Feb
6,300
30o
preferred
Jan
10
12%
Nebraska Power 7%
35
12%
10
—12.50
Co
2%
6%
-1
common
of
Feb
Mar
5 Mi
2%
*
•
Common
Apr
11%
19%
Radio
62% Mar
12%
Puget Sound Power & Light—
44Ms Mar
13%
5
Mines common.'-l
&
Union
National
Jan
40 '/4
—.——:•
National Tunnel
4
•
Jan
54
11%
•
10
National Transit-——
Ma Jan
5
Co
71o
Jan
30
35
*
^—_
1%
Jan
Feb
12%
•
_•
Machinery
Car
109
3
1
*
Feb
17
Jan
IM2
6,400
38
40%
50
National Fuel Gas
National Refining
1%
28
50c
City Lines common
convertible preferred
National Steel
1%
25
...
Candy Co—
National
i%
_•
National
$3
14%
1
common
common
Jan
15
Mining
Public Service
*
Corp
Bellas
Jan
95
16% Mar
...
6%
National
Jan
11
100
Feb
Inc
Metals
Pressed
N
Nachman
55%
200
Jan
Prosperity Co class B
National Breweries
750
12
Jan
13%
Providence
—
62%
'
*
Jan
8 Mi Mar
11%
106 Ma 106%
25c
Alexander
Prentice-Hall
2 Ma
40%
14 Ma
Mining Co
Premier
Jan
,
10
Power Corp of Canada—
&
Jan
Jan
Mar
Jan
Jan
—7.50
common
6
21%
Feb
7%
60 Ma
61%
1
common
Scale
1%
7
39
25
Glass
32
Jan
lie
•
50
—
18% Feb
Jan
.
26%
50
400
.
Apr
Metallurgical—
200
12%
—
preferred—
100
14%
12%
12%
-
18
Postage
5 Ma
•
Ltd
Mines
900
Plate
Inc
Jan
6 Mi
Pittsburgh & Lake Erie
9M4
High
33%
5 Ma
3
common
common
E
Low
31% Mar
6M4
Pittsburgh
Pittsburgh
Feb
Jan
200
128% 128%
*
-2%
50
Gold
Pitts Bess & L
% Mar
173
Jan-
5%
1,400
20 Ms
Pioneer
Mar
Range since January 1
Hiah
Low
•
2Mb Mar
t-
Feb
1 %
1,700
6
20'/a
Ilioo
Mountain States Tel & Tel__
Muskegon Piston Ring—'—
Muskogee Co common.
TV/
~1 Ms"
DO
—10
______
common.
Governor
Shares
25
pfd.
Co
7%
Feb
9
Copper common
Power
16%
Feb
7%
170 Ma
16%
Murray Ohio Mfg Co.
6%
14
3%
31":.;
Producers—..
States
9,%
19 Ms
3%
Investors partic pfd
Mtge Bank of Col Am shs
Mountain
400
9%
18%'
Moody
Mountain
18
—10
Montgomery Ward
Montreal Light Heat & Power..
Mountain City
50
1
Society A
Dakota
9%
19 Mi
-III
common-
10
-
17%
1
Monarch Machine Tool
Monogram
10
for Week
of Prices
*
Par
High
Minnesota Pwr & Light 7%
Sales
Range
1
Last
Sale Price
"
Low
Week's
Friday
Exchange
Range/since January 1
Feb
9
67/a
Jan
8% Mar
Mar
stock..—
—5
prior stock.
7%
"
500
7%
6 Ma
150
70
69
:—25
Sentry
certificates—
69
Jan
«
Shawinigrm Water & Power.,
Sherwin-Williams
5 %
common
Sherwin-Williams
Silex
Co
of
"-f:75 Vs Mar
Feb
~7Mi
3%
%
4%
Jan
7% Mar
2%
1,500
Jan
Jan
7
Feb
3%
200
300
3
12
100
12 Ma
400
12
Apr
95 Va
95%
200
91 Ma
Feb
110 Mi 110M4
12%
125
.
pfd ;series AAA
cum
%
%
—3
II5
Mining
Denn
—,
*7
...
Seton Leather common
Shattuck
■
3%
__1
Control
Safety
Serrick Corp class B____
Mar
1
—
——
77
Jan
'
Allotment
8% Mar
Feb
67
80
110 M4
Apr
13%
Feb
Apr
Jan
Mar
97
115%
Feb
12
14 Mi
150
15
13
Mar
Feb
16
Jan
26
14%
Feb
13%
Canada..
common
Jan
Simmons-Boardman Publications—
Pacific
Can
Co
Pacific Gas &
5%%
common
Elec
6%
1st
Pacific
preferred—.
Lighting $5 preferred
Pacific
Power
Pacific
& Light
Public
7%
25
•
35%
1st
Service
.
common
Pantepec Oil of Venezuela
Paramount
Parker
Motors
Pen
107
.111.1
._!•
Telephone common
preferred A___
tias
Pdwer & Light
preferred
$6
Salt
Elec
Mfg
Penn
Traffic
Penn
Water &
Pepperell
Perfect
A
$7
25
18 Ma
200
7%
14,000
18
Feb
Singer
Jan
33 Mi
106 Mi Mar
*
I
Co
800
36%
100
29
29
5%
Jan
105
Feb
5
Jan
6
Feb
Jan
20
Mar
Feb
82
Mar
Apr
9
Jan
29
5%
5%
50
22,300
8% Mar
Jan
27
16% •Jan
19 Ms
163 Ma
50
Jan
36%
Apr
Apr
33 Ms
Jan
.29
4%
101
-
96 Ma
163
1
Jan
5%
Jan
61 Ma
II •
see
page
1681.
Mar
Jan
70 Ma Mar
Mar
43
Mar
~7%
Solar
Co
Soss
South
Coast Corp
South
Penn
Southwest
III
231
110
10
108
Jan
Apr
2%
Feb
Jan
12% Mar
~3
3
~3Ma
2%
600
Jan
Jan
26
2%
Apr
Jan
275
3M2
111
Apr
Jan
13 Ma
Feb
3% Mar
5%
3MT
3,700
4%
4%
Jan
6% Mar
Feb
3 Mi
Mi
Jan
4% Mar
Jan
3 Ma Mar
3%
1,000
2%
2Mb
2M2
5%
'
Southern
California
Power
Jan
104 Ma Mar
Southern
96 Ma
10
90
Jan
100 Ma Mar
Southern
Phosphate
163 Ma
125
161
Mar
Southern
Pipe
1 Mo
xl65
61 Ma
Feb
Feb
•2% Mar
Apr
68
Mar
125
Jan
132
-Apr
Jan
I
33%
Apr
~7%
~7%
600
7
Jan
8% Mar
9%
9 Ma
100
9M8
Jan
10% Mar
7%
Southland
41
1,100
30
50
Apr
44 Va
Jan
28
Mar
30 Ma
Apr
Mar
43%; Jan
40y4
.25
29%
29%
29%
200
29%
Apr
32 Va. ■Jan
.25
class
29%
29%
29%
200
29 Mi
Jan
3 IMa
Feb
iy4
lMi
500
lMi
Jan
1%
Feb
A_. .25
England
69
-
110
69
Telephone- 100
Co
Line
i
"5%
"5%
Co
—5
400
9%
__1
~9M2 "5 Ma
5%
42 Mi
42
•
300
6
1,900
43
160
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord
regis
75
Feb
130
Jan
67
5%
Apr
6 ¥4 Mar
8%
.10
.10
Spalding (A G) & Bros
1st preferred.
Jan
129 Ma Mar
100
Royalty
Apr
37
40 Mi
.25
preferred
New
4
Edison—
original preferred.
6% preferred B
5V2% preferred series C
Colorado
300
30
40%
.10
5 %
Southern
"2%
1
.25
Pipe Line
94 Ma
400
40
#
__
Oil
Pa
340
425
2 Mi
,2,600
236
110
100
—1
common
102 Ma
62 Ma
2%
231
JE1
—1
Corp..—,—
Manufacturing common
Jan
132
2 Ma
100
Co.....—.... —1
Manufacturing
Sonotone
%
31
129
Aircraft
Solar
200
2 % Mar
.1
ioo
IIIIIIIIIl
Apr
Jan
*
common
Apr
34%
43
1
—1
common
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord fegis.:
Sioux City Gas & Elec 7%
pfd
Smith (Howard)
Paper Mills
~
7 Ma
64%
96 Ma
Co
Apr
108
Jan
96 Ma
32
_•
I-II—50
H—2.50
19 Ma
36%
102%
Power Co
footnotes
3 6 Ma
24
preferred.. .*
Co
Philadelphia Co
Jan
6% Mar
com.HIIII.*
Pharis Tire & Rubber
For
5%
5%
7 Ma
•
i
Co
Mfg
Circle
class
Simplicity Pattern
80
7%
Pennsylvania Edison Co $5 series pfd.*
$2.80^Series preferred
«
Penn
Apr
19
.
—10
Pennroad Corp common
Penn
60
70
j
Parkersburg Rig & Reel—
Patchogue Plymouth Mills
&
107%
102%
"•
I*
shs__.._
Co
Penn
14 Ms
'
Am
Corp
Peninsular
$1.40
600
102
•
preferred
Page-Hersey Tubes
36
Jan
35
32%
II
100
--
$1.30
preferred
13
35%
—25
pfd
convertible
$3
•
1st pfd
Jan
9 Mi Mar
9Ma Mar
5%
Apr
Jan
40'
10%
Jan
6%
Jan
Jan
45
% Mar
200
& Feb
Mi
J*
Feb
Feb
Monday, April 24, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1680
NEW YORK CURB EXCHANGE
8TOCK8
."_~2~78
Co
Brewing
Standard
i%
"2
19
1
trust ctfs.
Stroock
(S)
.
Jan
%
Jan
550
200
'<
32
1%
200
1%
1%
300
1%
1(4
12
9%
-1
Jan
52
Jan
13% Mar
9
Jan
10%
Feb
200
9%
3%
Jan
4%
Apr
1%
Jan
2%
Feb
10'
50
8%
11% Mar
Feb
%
10 Va
Feb
Is
Feb
%
25
20%
Jan
34
300
17%
Jan
19% Mar
14%
200
12%
Jan
15
51%
51%
5Q
51
Feb
52(4 Jan
15
51%
1,700
18%
14%
50
preferred
34
17%
30
_*
II
Co
Apr
15%
Apr
10
Finch Oil Corp——
...
9%
18
Ltd-
Apr
Mar
Apr
Mar
Tampa Electric Co common
Technicolor Inc common—
Power
Oil & Land Co
Shovtl
Thew
Tilo
Rooting
Co
12%
20
114%
1,700
21(4
22
23%
22%
650
7
7
7%.
5(4
4%
5 %
6%
2,000
"4%
"3%
~3%
Exports
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis
Amer dep recs def reg
—
3%
2%s
debs
f
s
3 %s
s
f
s
f
&
deb
Lt
Amer
Pow
Amer
Writing
Trans Lux
1%
Jan
Tri-Continental
109 V2
Feb
Feb
115
Jan
%
3%
3%
20%
2,300
ti
800
6%
900
ft
warrants
18
—11
6%
6:'ft
■
«
10%
1(4 Mar
10
Apr
Jan
10%
7%
Jan
Jan
4
300
10%
Jan
Jan
23% Mar
Va. Jan
ft Mar
9% Mar
—
—
lung-Sol Lamp Works
80c convertible preferred
%
3% Mar
:
1,200
19%
4%
ft Jan
1,600
1
1
•
Inc
Trunz
62% Mar
Feb
Jan
1
11%
Jan
U
Realization
Ulen
Unexcelled
Gas
Union
Investment
common
Aircraft
United
Chemicals
&
cum
Uiuieu
1
16
"
Feb
2%
Jan
5% '
1,100
4%
Jan
7%
Feb
6'A
200
5%
Feb
6%
Feb
16
•
—1956
deb
1953
■
10c
Stores
~
—
without
5s
Bell
Canaua
non-voting
United Milk
300
10,000
1%
117% 117 Va
850
xll6%
5/64
28,000
Jo Mar
% Mar
ft
12,500
%
Feb
%
Feb
ft Jan
ft Jan
51 Va
Apr
63% Mar
16
dep
Amer
%
A
•
■'
%.
■
•
32
preferred
Va
iV
2,500
v
Feb
16
-■
,
16% Mar
Mar
3
Apr
.121%
Feb
Jan
51Va
•
..
.
4,300
34
25
34
Apr
37
Jan
91
■
57
34
55%
•
Products
participating
$3
United Molasses
Feb
V8
1%
117%
preferred—
1st
3^
0*2
warrants
United light & Power common A_.
Comniuii class B
»
$6
94% Mar
1%
'
$7 preferred
2 Va Mar
Jan
Jan
32
..
United Oas Corp common
1st
Feb
1%
United Elastic Corp
Option
Feb
91
50
90
Feb
91
Apr
Co Ltd—
rets
ord regis
«...
*•
4%
w
4
200
4%
47/a
Feb
Apr
Profit
10%
Machinery
Shoe
common
U
25
44
__
750
71%
44
$5
1971
—1969
1976
2%s ser Q—
Consolidated Gas (Bait City)—
700
2%
1%
200
"ril%
A
%
500
1%
2%
2%
2,300
50o
2
Q
Utah-Idaho
Sugar
Utah
Power & Light $7
Utah
R»dio
preferred
Products
,.
Equities common$5.50 priority stock
Utility
100
"■7 *
•
i%
1,400
.90
\
}
3% Mar
'v'2%
Apr * ' *'V%,
Jan*1;1' !!;'2%
Jan
22
23%,
20%
22
23%
20%
23%
100
700
3,000
Eastern Gas &
Fuel 4s ser A
&
Light
5s
& RR bs
Lt
Water
Elmira
1952
1961
—
AGeneral Rayon Co 6s ser
1969
1953
A——1948
Apr
26
Mar
18%
Jan
18
Jan
23% Mar
20%
Jan
Georgia Power it Light 5s
Glen Alden Coal 4s
;
1978
3%
2%
Jan
1,625
51%'
Jan
5%
5%
5%
1,600
4
Jan
6
1%
1%
100
1(4
Feb
1%
75
74%
Jan
$4
Venezuelan
37%
1
Petroleum
Virginia Public Service 7 %
61
Green
1941
Jan
Mar
5s stpd
Power
3%
Pow
Mountain
West
&
79% Mar
10
10%
.100
pfd—_
130
122
Apr
27
Jan
40 %
Apr
2,900
8
Va Feb
1,890
105
Jan
270
11%
130
8
11%
130
9(4
Feb
Apr
Apr
Apr
1st
ref
W
3%
p%
preferred
.Waitt & Bond class A
Class
Wayne
Knitting
•
—
—L
.
—
9% Mar
—
14%
«
U.M.
Mills
3%
Feb
Feb
1%
..5
100
1%
-
_
.
4
1.25
3Va
4
;
_
1 Va
15
3%
—
18% Mar
Jan
A6%s
5
108 V4
Apr
8%
7%
8%
12,900
5%
Jan
8%
7%
7%
1,300
7(4
Apr
9% Mar
108
..100
84
*
T—20
Fnr
footnotes
see
page
1681.
108
Jan
19%
26%
19%
50
18% Mar
26%
26%
50
23
Jan
63
40%
23
37%
107
44%
36%
,
37
45%
98
101
100 %
71%
48
102 %
5
'.
79
70
70
102
70%
102
104
104 Va
1104% 105
101% 102
101%
105
99%
102
5
101%
101% 102%
150
98%
103
101%
101 %
102%
40
97%
102%
100% 101%
10
98%
102
100%
r
««
1109% 110%
106 % 106%
■
"2
103% 103%
.
.
118
118
109
1117% 120
110%
105%
1
•.
107%
102%
104
122
125
'4
99
116
101%, 102%
94
99
102%
96%
19
90%
102%
10
96 %
127
1122% 123 'A
106
102'A
96
102
102
95%
96
107
101%
'
104
1
..
98"
98
102%
106%
103
106
104
101
—
63
98 Va
97%
20
9?%
60%
58
..
1101% 104
1—
123%
2
104
158
104 Va
123%
'
104%
96%
93 Va
64
103% 103%
1122 Va 128
104% 104%
96'A
104 %
102
103%
103% 103%
"1
100%
100% 100%
40
104% 104%
102
102 Va
4
100
105
2
101
103
107%
108%
103%
106
1107% 108%
106
106
103%
98%
"l
106
100%
100%
58
/—4
1100% 100%
197
101
168%
101%
64%
69
70
111
110
1109% 110%
104% 104 %
6
102
105
104% 104%
A-O
A-0
1
102
104%
A-O
106%
106% 106II
94
105 Va
107%
105 A 105
105 %
106%
J-D
105 A
60
1956
Af-S
105
18
104
1957
1958
1950
1963
105
1970
ll-N
1955
1955
J-D
L 3%s
&
A7s
A 7s
J-J
F-A
32
105
105
1
102%
103%
99% 100
26
93%
100%
99 Va 100
17
93
100 %
102% 102%
AI-N
99%
106%
1106% 107%
109
1941
(July
Power
coupon)—
5s
6s
6s—
Superpower
Kansas Gas &
Kansas
Power
2022
<fc Light 3%s___——1969
Electric 6s—
1
28%
6
28
28
28
J-J
J-J
J-J
91%
91%
93%
181
78
60
77'%
1
29
35
4s
70%
•
1970
5s
Radiator
St
77%
30
30
••
Co
4%s
Edison 4s
F-A
A/-8
Af-N
1947
1971
conv
—1965
^
G
series
E—
Middle States Petrol
1945
6%s
Valley RR—
Extended at 4% to
„
Feb
Apr
120
Mar
20
Mar
27%
Feb
1st
&
Gas
Light
1963
—1967
1978
108%
120 Va
122
111%
112
108% 108%
1111% 112%
1106
4%s
P & L 4%s
ref
1955
5s
1957
1951
6s
New
Power
series
4%s
A
Amsterdam
Gas
5s
;
J-J
Af-N
—1948
1981
2022
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nassau & Suffolk Ltg 5s__
Nebraska
106
1101
F-A
J-D
M-S
J-J
1948
106
102%
106%
102% 103
102%
107
108%
107
107 7/o 108
105'A
99%
102
101
101 Va
100 Va
100%
2
100 Va
107%
107%
107%.Shin.
7
:
2
106.%iill0
I'O&JiorHO (4
108
108%
1103
103%
67
Af-N
J-J
A-0
Af-tl
J-D
J-D
108 7/a
123
7
-n
stamped
95 Va
1107.
J-J
3-D
24%
107%
106%
Mfg—
Pow
29
83%
1120
A-O
1948
Lt
70 Vs
30
J-D
M-S
J-J
1957
&
Louisiana
28%
25
25
22%
Af-S
•
25
23
1966
Kentucky Utilities 4s
superior Dist Pow 3%s
Luxe
28
25%
25
28
J-J
1952
1963
—
25
24
25
25
F-A
1957
1952
1952
—1957
coupon)
F
series
Interstate
coup)
..1957
1941
(Aug
A7s
1941
1
E
series
A7f
C
(Dec
Minnesota
.110%
•
39%
103 Va
105%
.
1953
series
A6%s
Milwaukee
7%
•
104%
102%
8
international Power Sec—
1% Mar
4% Mar
1,100
12,900
«
106%
C
series
Indianapolis P
18% Mar
Feb
Jan
Jan
150
102%
101%
4
99%
1100
J-D
Jan 1949
ref 5s
&
120%
105%
24
67%
<
-
102%ol03Va
-
A A
Midland
'
•
B
Feb
7%
400
3%
...too
115%
119 Va
150
■'
series A
5s
Metropolitan
3%
Co_—
95%
114
1
,
■'/I
108
38%
J-J
Jan 1949
Hydro-Elec 5s
Service
5s
1st iien
114
105% 105%
J-D
1960
3%s
ref 5%s series B
Indiana
6s
Aircraft
29
108%
102% 103
Light Corp—
&
Power
&
Mengel
-Wagner Baking voting trust ctfs (
29%
85%
17
38%
J-J
F-A
J-D
1958
i__
1st & ref os
McCord
■
.-Waco
29%
.29
107
■
101% 102 %
103
—
6s
B
series
Jan
2%
39
37
—
103% 103%
Af-3
1945
West 4s
Trunk
Nor
1950
—1950
1963
4%s series A
(Adolf)
§AGobel
Feb
Feb
1%
2,900
Manufacturing
Vogt
-Vt
5
93
1106
M-S
5s
Serv
Debenture
2%
90%
114
J-D
—.1965
24% Mar
2,200
1%
23 Va
119% 119%
'
2%
1%
41
1150% 170
A-0
J-3
J-D
Pub
General
3%s A
Power
Gatineau
1st &
Mai-
57%
1
26%
M-S
stamped
6s-5s
Jersey Cent Pow & Lt 3%s
1965
Electric Power 3%s——1966
.
23 Va
Af-N
5s
Water Service
Federal
Kansas
Corp common
convertible preferred
347
J98
Af-S
5%s
1954
Finland Residential Mtge Bank—
El
District
Empire
Altaiian
Vaispar
26%
21% Mar
2%
78
Power
Indiana
9
■
54%
78
3%s
Electric
Jan
I' 2%
if.V
Feb
55%
8
•
—_1
—10c
—1
5s—
Packine
■Jan
;.12% Apr
Jan1;
Jan
Mar
:
•
.
2%
20
1
Voting trust ctfs.——
Co
id
'
-
Universal Produces
Q
2%
*
*
Universal Insurance
———10
Universal Pictures common..
1
B
'5
-2%
Jari-%''
1.2 ;
Universal Cooler class A—
Class
Jail"
"78%
'
■"Jr'
Feb
ft
*
1—10
Universal Consolidated Oil
1958
—1944
1955
1956
5s
Illinois
300
3%
__
2030
1956
Continental Gas & El
Mar
87%
1%
-
23%
A-O
6s
3%
common
23 Va
tl08% 110
M-N
F-A
3-D
M-S
M-ti
F-A
M-S
Hygrade Food 6s ser A
1%
Paper
1954
Houston Lt & Pwr
86%
Wall
23%
227
...
^
Textile 5s stmpd—1953
mtge 4V2S
Gen
Jan
-
Feb
1
*
United Stores
N_
mtge 3s ser P
ref mtge
1st
Jan
Jan
9
*
United
26%
26%
213
23%
J-D
J-D
J-J
series
ref
1st
Jan
5%
1,800
85
29
23%
92
F-A
A-O
A-O
Af-N
...
1%
7,300
%
Reclaiming
84%
23 Va
Af-S
9 7/a
6%
12
preferred with warrants,
Rubber
79%
A-O
,.1;6%
5%
106
23%
M-S
Jan 1,966
1950
Debenture
5s..
—.-..1958
Debenture
5s
1969
Connecticut Lt & Pr 7s A_—;«.<—1951
Consol Gas El Lt & Pr (Bait)—
...
,
Guantanamo
6%
108%
128
104%
3
3
Jan
1
107%
125%
15
24%
J-D
5s
deb
Jan
5
1st
Mar
- -
5s
Service
Conv
6%
Jan..
101%
111
M-S
J-3
...—1955
B
series
6s
Cities
44%
4%
*
Jan
ctfs
1927
A————1952
5s
X43% Mar
100
3,400
Radiator common
S
Rys
§ A Chicago
Jan
6%
104%
99
v' 2
24%
J-3
Cincinnati St Ry 5%s
74%
5%
class B-a.-
7
109%
103%
«...
.
Jan
69
.
-V
and
U S
U
70%
70%
Graphite common
International Securities
S
S
%
Feb
3%s
Gas
&
1953
1964
5s
Grocery Store Products
Certificates of deposit
;_1
Specialties common
Foil Co
S
U
U
%
6% Mar
10
25
Preferred
United
100
25c
Sharing—
preferred
United
El
111
,
Great
United
107%
70
24%
3-D
Af-N
J-D
gACentral States Electric 5s—%<—-1948
A5%s
1954
Central States Pow & Lt»5%s
1953
Grana
100
Canal Co
United N J RR &
1970
Power
JNortnem
Cudahv
1%
105
106
107%
24%
Af-S
2%s
Edison
Boston
Mar
80%
102%
2
103%
82%
Q-F
A-0
——1968
Birmingham Electric 4%s
62
240
7 '
High
25%
J-D
Af-N
.1957
—.—I960
1962
Jan
18.600
Low
82
J-0
1998
59
lVa
January 1
24%
Canada—
B
6s
Cuban Tobacco
87%
High
104% 105
M-S
1947
Range Since
Sold
No.
82%
M-S
6 %s
Steel
Inc
Mar
:
86
Jan
2.;
% F-A
——1964
C ——
17
■
1977
1955
3%s—
F.)—
series
M 5s
series
Jan
1%
l7/a
——
~9Va
Bonds
107% 108
F-A
A-0
...
5%s A
of
Telephone
14%
—'
Mar
3%
U25% 126
105
Af-S
J-3
—1948
——1949
1950
(B.
warrants
& Sons
Avery
Apr
'
Jan
103% 104%
100
100%
104%
J-J
A-0
1968
Atlantic City Eiec
~7%
'
p
10
2%
108% 108%
J-3
5%s
100
16
r
10% Mar
107% 107%
103
J-3
5s
1.000
•'
■
warrants
oorp
4
Jan
"7% ~7Va
7%
Jan
Friday's
or
'
5s
6s
4%s
AConsolidated
participating pfd
preferred
$5
Jan
2Va
5%
common
Hgar-Whelan
United
2%
300
6
■
—
300
2%
—
Products
United
$3
Co—
Manufacturing
of Canada
Union
-•
3%
2%
10c
10
•
Corp
Mar
Week's Range
Last
'
3%s
3%
1
Udyllte Corp
Jan
Apr
4
Jan
Sale Price Bid & Asked
3-D
Assoc T & T deb
Bethlehem
114
-10
6%
111
Jan
3%
4,400
J-J
J-J
M-S
J-J
4%s
Elec
Bickford's
108
Corp—.
2%
2%
2%
1961
1970
2024
Lt
deb
Jan
.100
Transwestern Oil Co
11% Mar
Apr
7%
SAssociatcd Gas & Elec Co—
A Conv
deb 4V2S
1st
.100
..
100
3%
Mar
7
2016
6s
Paper
&
Pr
Associated
5s
10% Mar
Jan
58
100
60
3%
Interest
Appalachian Elec Pow 3%.'
Appalachian Pow deb 6s
Arkansas
Central
59%
Shipyards Corp___
Toledo Edison 6 % preferred
7 %
preferred—
Tonopah Mining of Nevada
Todd
Feb
5(tMar.
.—1950
I960
1970
—
deos
Jan
4%
Feb
1(4
10
110
Co.—
debs
3%s
5% Mar
60
Feb
9%
150
Friday
American Gas & Electric
7% Mar
Jan
700
10%
Jan
4
Jan
x23% Mar
Jan
,
Apr
6%
Jan
1
58
Product
118
Jan
Feb
2,200
1
15% Mar
Jan
Mar
19%
Mar
25
Feb
6
6%
1
Inc
& Construction& Allied Stocks
Tobacco
4,500
6%
5
Tishman Realty
Tobacco
400
118
118
2
common
2,000
14 %
13%
13%
IIlOO
pfd—
& Light 1%
Texas
Texon
•
5% Mar
Jan
5
5%
24%
10%
Low
AConv
5%
24
Jan
Exchange
Curb
AConv deb 5s—
24
Jan
3
Period
ADebenture
1
8 Va
100
BONDS
York
New
AConv
Taggart Corp common
200
3%
Apr
_1
*
11%
3%
6% Mar
Jan
43(4
25
52
52
13% Mar
11%
Bs
£1
*
Preferred
6%
Wright Hargreaves
Jan
Jan
;
10
1
Petroleum—
(F W) Ltd'
deposit receipts—.
American
Apr
14
5
Cement class B com—
Superior Port
55
300
5%
5%
Feb
1% Mar
ft Feb
53 % Mar
_*
Jan
*
Cement
Apr
9% Mar
8%
8
pfd—100
10
7%
18
Jan
16
Jan
1%
Apr
Portland
100
Woolworth
ft Jan
Jan
-
Light
Wolverine
Woodley
Mar
9% Mar
Jan
Inc
&
Power
25
9
1
Heading
Winnipeg Elec common B—
Jan
%
71
Products
Willson
Wisconsin
Jan
%
V
Jan
54
7%
9%
.-1
114
_1
„
Co
Sunray Oil 5%% conv
Swan
(4
100
.20
Machinery
Drug
1,600
1%
JO
Corp
Sullivan
Jan
Vf
Apr
18% Mar
Mar
Feb
108%
100
II
preferred
b% 2d preferred
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Inc
Stetson (J B) Co common
(Hugoi
17%
25
19(4
13(4
1st
acinnes
Jan
8 %
8
2% Mar
Jan
66%
62%
(R
Oil-O-Matic
1,100
ft
%
%
Williams
Williams
18
1
High
Low
•
Co
&
Apr
Apr
2
._1
class B
(The) C^prp voting
Ray
.
C)
10%
23
16
i
& Co common
Bterchi Bros Stores—
Sun
iff
\
65(4
(A)
6%
%
"
Apr
Jan
since January
e
High
9
10
•
Corp
Shares
18
1
Mfg
River Oil
Wichita
18
10
Westmoreland Inc
Weyenberg Shoe
of Prices
Low
Par
Jan
550
18
Jan
Mar
4
1%
ft. Feb
6
400
,.
108% 108%
mil
Steel Co of Canada
Stein
17%
17%
•
Lead
Tube
800
-100
(Ohio)—5% pfd
Light
Products Co
Standard
1,500
18
10
Preferred
Btarrett
1%
8%.
18%
Common class B
Standard Silver
1%
7%
*~2
Standard Power &
Standard
Jan
1
convertible preferred--.—
Standard Oil (Ky)
Si. 60
4%
Jan
2%
20
Standard Dredging Corp common-
Standard Oil
37/a
200
10
preferred
Convertible
400
3%
8
1
Standard Cap & Seal common
4
Sales
for Week
Range
Sale Price
High
3%
Inc
Stanl-Meyer
Low
3%
_•
Corp
Spencer Shoe
Last
Curb Exchange
Range since January 1
High
Low
Week's
Friday
STOCKS
York
New
Shares
of Prices
Sale Price
Par
APRIL 21
ENDING
for Week
Range
Last
Curb Exchange
York
New
WEEK
FOR
RANGE
Sales
Week's
Friday
107%rl08%
1107% 108
104% 104%
104%
"5
106 Va
107%
11
103%
103
103 %
7
109%
109 Va 109
100% 101
118
; in
103%
'
106
106
108
103
104%
%
118
113%
4
105%
19
105% 105%
1112
ti c,i.
62VfTK>68%
15
110%
100%
101 Va
9
108
111
1
116
118
112
113
Volume
THE COMMERCIAL &
Number 4275
159
FINANCIAL
NEW YORK CURB
CHRONICLE
1681
EXCHANGE
'
RANGE
York
Curb
Interest
Exchange
Last
Period
New
Sale Price
Eog Gas & El Assn 5s
79'A
78%
78
1948
Conv
New
deb
Power
Debenture 5%s
New
Orleans
Alncome
N Y State
N Y &
&
North
A
1st
1st
mtge
mtge
3s___
—
A-0
.
.
81%
Twin
Power
Edison
Oklahoma
Pacific
Park
Service
Power
Power
1962
Water 5s
&
&
Lexington
4s
Light
Penn Central Lt & Pwr
1st
_1948
;
4%s_
United
Philadelphia
5s
Potomac
4'As
Corp
Electric
N
Safe
Real
104'A
107'A
115'A
115'A
103%
11
•
109%
106'A
Power
A.—;
Power
107%' 109'A
102'A 103 %:
12
46'A
3
103 %
105'A
1st
•105'A
A 5s
income
1
1956
F-A
114'A
M-S
106%- 107'A
109'A
West
J-J
106
Penn
West
Carolina
Southern
m-n
•
•
'***.
•
106 ' i
108% 108%
3
J-D
104% 104%
5
104%
1st
2
137%
''v.-? /
Traction
11.
96
1951
1951
99%
92%
L':<\•,•'
••
98%
8
$75
109%
111
127
73%
86%
92
103%
11
103%
104%
104 7/a
105
105%
104% 104%
j-j
'
3s
1965
3'As
1970
•
.•■-*'
A-0
20-year
105%
8s
55
104
107
109
77%
12
72%
F-A
108% 108'A
,3
106%
108%
A Issue
m-s
$103% 104%
103
104%
A Issue
/
•*±Mm
■
'
103%
104%
81
98'A
J-D
98
98
98 'A
96%
98'A
■
Last
Week's Range
or Friday's
Feriod
Sale Price
Bid & Asked
Bonds
94'A
Range Since
January I
Sold
High
A-0
54
No.
Low
High
51%
54
1947
J-J
$53%
J-D
$20'A
1955
54%
M-N
F-A
54%
54%
21%
16%
21
71'A
72'A
62
72%
63'A
63'A
60
03%
1952
J-J
20
21
$16'A
20
6'As stamped_1958
M-S
$20
22
17
1958
(Peru)
M-N
$36'A
37'A
34%
7s
36
1951
J-D
$23
25
18
23
37
37
stamped
Mortgage Bank of Bogota 7s
of May
of Oct
83%
3
85
83%
M-N
37
1
33'A
:•!';:/93
A-0
$36'A
—
36
AMortgage Bank of Chile 6s
90
1931
J-D
$16'A
22
17
1972
J-D
1958
M-8
1959
J-J
1919
J-D
1921
J-J
92
93%
93%
35
87
97%
94'A
30
86%
97%
ARio
1966
j-d
93%
93
94%
11
86%,
97
ARussian
F-A
93'A
92%
93%
19
86'A
97
93%
93'A
4
86%
30
31'A
30
37
70
71
,
z"://';
,
1957
F-A
-1950
A-O
6s
,
...
38
v
AParana
A
—1946
J-J
19
19
5s
Light 5s
-1956
A————:
--2022
A-0
$20'A
23
22'A
106'A
107
108'A
117%
118'A
118'A 118'A
6'As
33
36
5
sale,
a
Deferred delivery sale,
35%
35%
37
37
37
5%
34
38
e
6%
188
3%
6%
5%
d Ex-Interest,
5%
6%
119
3%
6%
Odd-lot sale,
n
Under-the-rule sale,
Ex-dividend.
x
$Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
SReported in receivership.
24%
104%
107'A 108 %
J-J
Cash
20
106'/a 106%
106%
J-J
M-N
6'As_
Government
5'A s
19
20
7s
Janeiro
•No par value,
r
19
of
(State)
de
37
71
5
97
86%
37
.% 17'A
58
16
96%
30%
1
86
:
20%
1947
1927
1927—
Mortgage Bank of Denmark 5s
83%
Corp—
Service
Friday
Interest
.1953
7s
AMedellin
93'/a
1960
series
104%
76
92%
1946
6s
$104
93%
Texas
k
96%
1948
5s
City
93%
deposit-.
Stinnes (Hugo) Industries—
7-4s 2nd stamped
Electnc
ALlma
F-A
stamped
Powei
85
98'A
of)
& Waterways—
A External 6'As
stamped
105%
2
Jan
Bank
5'As
19(57
debentures-.
Standard Power & Light
AStarrett Corp inc 5s
Texas
101 'A
94
98'A
April 1946
Mortgage
Extended
A-0
gold
(Hugo)
100%
94
Danzig Port
A-0
Dec
A Certificates
109%
118
98'A
::///v/:/-:
Valley 7s
1951
6s
A7-4s 3d
107
114'A
100% 100%
F-A
Exchange
7s__
(see
ACauca
May 1948
May 1948
stamped
8s
Stinnes
'
Electric—
(stamped)
6s
'—'A.''
104% 105%
7
m-n
Rys 4s
Curb
7s___
A20-year
108'A 108%
105%
York
AMaranho
1989
Debenture
43'A
J-D
'V,;"
Bogota
(Calif)—
Spalding (A G) deb 5s
6s
105%'
$105
m-s
1970
Conv
F-A
—
105%
1
103% 104
2022
Debenture
24'A
'$1141/4 117
Low
A
1
A-0
Southwestern
6s
J-D
329
Agricultural Mortgage Bank (Col)—
14
„•:
j-j
Southwestern Gas & Elec 3'As
&
109'A
A-0
43'A
1947
BONDS
128
89%
89%
104'A
V
F-A
Gas
109
108%
37'A
100%
103% 104%
A-0
A-0
j-j
Standard
107
$109'A HO'A
$107
107%
43 %
Foreign Governments & Municipalities
80
80
—1957
5s
Gas
L
$107% 108%
J-D
109
New
$127% 128%
1947
6s
Gas
&
M-S
J-D
1937
Rys Co 5s stpd
AStamped 5s
98%
106%
,
12
110% 111
:-d
1967
151%
99%
m-s
1951
P
116
i960
5s
IA York
1
j-d
1952
-
—
A-0
1971
Indiana
111'A
2030
5s
151%
95%
m-n
mtge 3s
Southern
4
1964
Newspaper Union—
unstamped extended to 1959
6s stamped extended to 1959
105'/a
151
$108% 108%
1970
California
114% 116
1951
•
3'As
Electnc
Penn
*
1979
Edison
Counties
—
1954
4s
Power
111%
J-D
6s
Power
Southern
115%
111%
109
5
106'A 106%
•
A-0
—1949
Coal
Southern
114%
102%
M-S
D
California
1
Af-N
.—2022
6s
Danish
South
114% 114%
107'A
100%
$101% 102%
1964
Estate
series
—
Western
107'A
•
1959
New Jersey—
certificates
Wyoming
A
dsbs
Ry & Elec
Water
107'A
106 '/a 106%
Water & Pwr 4'/2s
4'As
f-a
Co-
series
6s
—1952
—
& Light
Waldorf-Astoria Hotel—
46 %
40
11
Co—
5'As—
104%
108
105'A
-
series
Debenture
qc;
86'A
7
6s
Utah
"
Sheridan
108%
100'A
117
:
Scullin Steel lnc mtge 3s_
Shawinigan
111%
104'A
114
Joaquin Lt & Pwr 6s 3
ASchulte
110%
106
22
Water 4'As
Harbor
San
2
103'A
&
cons
108'A
A—————1952
series
80
110% 110%
,
13
-
,
106% 107
Queens Borough Gas & Electric—
5%s
99% 100'A
110%
22
^1961
of
100
107%
107'A
4'/2s B
3'As
Sinking fund deb 4s
Service
J-D
J-D
104%
$108% 110
114'A 114%
1972
F^.
perpetual
-
106
J-J
1st mtge
6%
4s
104
Light
lien &
Public Service Co of Colorado—
Public
J
Co—
E
5s
109%
1952
107%
9 6'A
106
106?
1962
(Can)
7
104
$107'A 108'A
,1950
Edison
series
Power
109%
a-0
$108
6s
Coke
109
a-o
J-D
extended———
&
stamped
109
111
M-N
5%s
Rapid Transit
Portland Gas
1C4
J-J
1959
M-N
3»/4S •:——u————1970
Power
101%
109
1st
1979
Elec
6
-1949
City Rapid Transit 5'As
100%
..1977
5sj_
Pennsylvania Water & Power 3'/4S_1964
Philadelphia
High
103% 104
United Lt & Rys (Delaware) 5'As-1952
United Light & Railways (Maine)— -
105'A
46'A
Low
104
1968
1
f-a
United
105%
105
105
January 1
1979
104
$103'A 104'A
F-A
J-J
Range Since
Sold
NO.
101.
107% 108%
F-A
1955
1964
5s—;
1st mtge 3s
Bonds
High
5.
■
v., ■
-
109»A 309%
108%
F-A
Range
Friday's
108
Wash
Public
5s
3'As
Wash
Ohio
or
6
*, '
91'A
$105
Toledo
Water
97%
v.
$103'A 105'A
•109'A
Tide
95%
IM •
107'A
91
91
Last
Sale Price Bid & Asked
101'A
100,% ;,y
$115'A
A-0
--
Week's
Friday
Interest
Exchange
Low
81%
107
59'
vtf'
Curb
Period
81%
72'A
urn
1
r
72'A'
37
York
1
High
72'A
,
106 •
107
M-N
1971
3'As—
J-J
1968
5'As
J-J
1948
1945
Continental Utility
1st 5s
100 'A
__
v,"
.'.
:V{..
109'A 109'A
J-J
Low
65
.WAV
79%
1081A
$104
M-N
1954
No.
$108
99'A 100;
'A >
January
80
78
79'A
J-D
2004
Ltg 4s
5s
Power
100
'
#
1964
Ogden Gas
Ohio
J-D
■
1949
Nov
Gas 3%8
Westchester
Debenture
100
Service—
series
Elec
A-O
1954
Public
6s
M-N
1948
3V4S
England Power Assn 5s
M-N
1961
5s
England
New
J -D
1950
5s
M-S
New
Range Since
Sold
High
79
1947
21
BONDS
Bonds
Friday's
or
Bid & Asked
Low
New
APRIL
ENDING
Week's Range
Friday
BONDS
WEEK
FOR
1
'
,
;t.
Abbreviations used above—"cod,"
certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"wi," when issued; "w w," with warrants; "x w," without warrants.
*
'
OTHER STOCK EXCHANGES
;
,
RANGE FOR WEEK ENDING
APRIL
21
Friday
Baltimore Stock Exchange
Friday
Last
STOCKS
'
Sale Price
Arundel
Corporation
Preferred
v
t
100
Power
16 'A
16%
1,760
1.10
1.25
1,740
7%
7%
65'A
com—_
Co_
65'A
65
14
14%
1
Eastern Sugars Assoc com v t c,— .—1
Fidelity & Deposit Co____—
Fidelity & Guar Fire Corp—
Finance Co of Amor A
Guilford
Realty
Co
common
Humphreys Mfg
_
45%
J—5
1,75
•
15%
S
Jan
;
1.75
7% Apr
10%
Apr
69
14
Feb
14%
7%
Jan
43
10
Jan
75
343
50
Jan
11
5
Mar
Jan
Apr
8
Apr
2.00
Feb
7%
Moore
Mt
—25
(Tom)
Distillery
Vernon-Woodbury Mills
Amsterdam Casualty
pfd
New
North
American
Oil
Penna
Water
Power
O S
&
30'A1-
70
30
Co:
82
82
28
65
Jan
85
85
25
25%
.100
25
%
-25C
47c
63
IIbo
35%
36%;
—20
National Bank
37
37
*
Jan
5'A
Jan
6% Mar
Jan
1%
Feb
1%
2%
225
1% Feb
2 '/a
Apr
40
90c
14
Jan
64
62%
35
35
100
.-100
•
11%
56'A
Jan
69
32%
Jan
39% Mar
4%
Jan
6'/a Mar
100
65
92
70'A
73
115
54
Jan r-iix.1t,
18
50
13
Jan
11%
12
3,346
,
15
15
85
30%
—*
1
—
5%
18
99
70'A
31
130
469
12%
11%
*
-,—
85
86
150
64%
37
5
100
Jan
8'A
Jan
14%
Jan
29% Mar
8%
Jan
37%
75
36%
1,316
10
10%
191
7%
Apr
•t<lCll32% Jan
13% Mar
5%
100
57A
.rV- 41%
Jan
Apr
34% Mar
Feb
17, ?4ar
£1% Mar
12
(Ofaij^1/4 ^ar
Jan
35%
37%
35
—*
.,105
'itffl
Mar
,/•/
37%
Mar
•*
Jan
Gillette Safetv Razor Co
•
85
Mar
Hathaway Bakeries class A
*
*
60c
65c
50
60c
Apr
75c
Feb
*
78
78
10
78 ""
Jan
82
Feb
Jan
85
Apr
Class B
26'A
Jan
$7
5
12%
Mar
Jan
1,310
2%
.•
National .Stores.
First
81
.v-
Association
Group
Public. Service
Engineers
High
30
6'A
l'A
540
l'A
100
Lines, Inc4 common
Grocery! Stores—
Employers
25
10
—
Eastern ,SS
Economy
Low
12%
100
adjustment——
pfd
Range since January 1
High
6%
100
l,st preferred series a
preferred; B—
5%
233
900
47c
_*
—
—
6%
Shares
Fuel Associates—
&
prior preferred
preferred
6 %
for Week
12%
6'A
10
4%%
6%
44
63
*
com
Gas
Saks
Range
32
Jan
2
Fidelity & Guar
Western
30
-25
preferred
Co
General Electric
Monongahela West Penn Pub Serv-
*
Eastern Mass Street Ry com—
Apr
2.00 Mar
•
Co—
Common
Jan
29% Apr
,
Boston
Eastern
Jan
45%
Feb
1.70
East
Jan
Jan
Range
Copper
Mar
.150
1.50 Mar
27
Jan
Boston Personal Prop Trust
11% Mar
Jan
400
8
18
65'A
142
.
1.75
High
1.05 Mar
10
205
2.00
::
Low
7
%./}(;
10'A
,
8
_100
100
~7
29'A
2.00
—10
common—
45
10'A
29
125
'""300
10V«ei.
45%
pfd vtc„ __25
Maryland & Pa RR___
1,084
_
Yshgi
143'A 143
—1
common..
Houston Oil of Texas 6 %
8%
<10'A
20
10
>
,
1.10
c_.
Chemical
High :
Range since January 1
Week's
of Prices
Low
Pat
Shares
16'A
Co common vtc.
Consol Gas E L &
Davison
Low
Last
Sale Price
Sales
for Week
of Prices
Par
Bait Transit
Week's
Range
STOCKS—
———t——.——
Jan
Isle
Apr
Kennecott.
45c
Feb
63
Apr
64
35%
Jan
41
Jan
33%
Jan
37
Mar
50c
preferred;,—
conv
Royale
Lamson
1.—
(Del)
Corp
Central
Bonds—
5%
5%
RR
15
1%
1%
125
•
Copper
Copper
30%
31%
555
25
common—
100
preferred
30%
30
Feb
32% Mar
36
2%
16'A
Jan
155
3'A
Jan
31%
30%
Jan
1 % Mar
100
145
23'A
Jan
Jan
3
5
6'A
Jan
5%
16%
100
11% Mar
1
16%
3
5
common
Loew's Boston Theatres—
Maine
10
3% Mar
Feb
17%
,
,
Jan
6
Feb
36% Mar
56'A
57%
$32,500
1975
67'A
68%
5,000
51
Jan
59
Mar
59%
Jan
69
Mar
1% Mar
140
60c
*
54%
9%
54%
55%
342
47%
1
9'A
9%
235
Nash-Kelvinator
1978
5s series A_—
Mergenthaler Linotype _*
Narragansett Racing Assn Inc
Baltimore Transit Co 4s
3
12%
11%
12%
130
11%
Feb
Apr
13% Mar
8c
8c
500
8c
Jan
15c
1%
l'A
437
1
Feb
Util Associates v t c
Mass
National
Boston Stock
Frlday
•";
Sale Price
Par
.
American Sugar Refining-.
AmefcicafloTel
&
100
Tel;
100
Anaconda Copper
Boston
Albany RR
Edison I
preferred stamped
class
8%
class
7%
class C
B
1st
stamped—,
pfd stamped
1st pfd
class
1st pfd
Feb
36%
Apr
Quincy
Feb
159% Mar
Reece
Button
24%
Feb
27% Mar
Reece
Folding
226
96%
Jan
Jan
Shawmut
34%
2,626
32%
Jan
72%
205
67
Jan
74% Mar
Stone
21% :
99
19
Jan
22% Mar
Suburban
page 1687.
104%
Jan
l'A Mar
56
29
382
104% 105'A
24%
Feb
103% Apr
29% Mar
107
Jan
37c
39c
925
30c
Jan
46c
Mar
15c
21c
101
10c
Jan
45c
Feb
7%
-*
30%
30%
30%
20
25%
Jan
32'/a Mar
29
28%
29%
1,570
25"%
Jan
30'% Mar
86c
Feb
10%
l'A
l'A
700
10%
10%
120
9%
Jan
10
1%
1 %
150
1
Jan
100
%
1
200
25
Mach__;
*
Machine—
Rutland RR Co
201%
35%
Hole
Feb
71%
'
Apr
50
—
Co
Mining
155%
27%
•
10U
—
199
115
55%
10
2.50
RR
2.490
32%
pfd
—
Assn.
l'A Apr
'/a Mar
-SMar
lVaMtfr
% Apr
13% Mar
12
141
12'/a
Jan
8'/a
197
7%
Apr
3%
3%
125
2%
Jan
32'A
33%
180
32'A. Apr
36
Mar
23%
24
972
23'A
Apr
28
Jan
12%
•
13%
60
12%
Feb
14'A Mar
75%
Jan
80% Mar
69'A
Jan
7'4
Jan
44'A
Feb
13%
13%
'
&r. Webster
Torrington
100
.
100
37
38%
3
——
3
7%
7%
8
7%
100
100
see
20
Jan
Jan
7
100
Mills
Pennsylvania
20%
100
—_—
Colony RR
Pacific
71%
—100
Stamped
For footnotes
106% 107%
50
High
34%
100
D
26
LOW
♦
100
Stamped
10%
Range since January 1
100
;
prior preferred—.
6%
pfd
35
157% 158'A
25%
Shares
High
25
5%
1st
.
100
Boston Elevated Ry
Boston Herald Traveler Corp
Boston & Maine RR—•
A
34%
—-
157%
——50
Boston &
of Prices
preferred
England Tei & Tel
North Butte Mining
Old
1%
Mines—
1
1
England Gas & Elec Assn—
5%%
New
for Week
Low
&
1
—1
Cos-
Tunnel
New
Sales
Range
Last
STOCKS-
Exchange
Week's
Service
National
1
6%
680
26
Jan
-
41%
Feb
Union
Feb
United
8% Mar
United
Inc—
Securities
Elec
Co
Twist
•
.——
Drill
_5
1%
Jan
4
240
4
Jan
8'%
50
5
Jan
8%
United
6%
100
5%
Feb
7% Mar
7%
7%
77
5
Jan
8%
7
7
6%
Mar
71/4 Mar
Waldorf System
5
Jan
9%
Westingbouse Electric & Mfg-;.
8
8%
50
5
134
Feb
Feb
Feb
6%
U
S
Drug
Fruit
Shoe
Inc
7%
*
*
common
1
23%
5
Co
•
7%
'
common
Rubber
77%
76%
78%
25
71
70%
71%
247
25
Machinery
preferred
228
44
44
44%
60
45%
45%
7
40%
11%
11%
100
10%
94%
96%
330
91%
10
Inc
50
43'A Mar
9%
4'A
Feb
Apr
Feb
.
48% Mar
Jan
12% Mar
Feb
9?
Mar
THE COMMERCIAL & FINANCIAL
1682
CHRONICLE
Monday, April 24,
1944
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING
APRIL
21
Friday
Week's
Last
Chicago Stock Exchange
Friday
Week's
Last
Range
for Week
of Prices
Sale Price
STOCKS—
Low
Par
•
Laboratories
Akbott
Adams
(J
13%
Feb
4%
300
4%
Jan
100
12%
Jan
—•
17%
18
150
17%
Jan
20%
Jan
33%
34%
250
33%
Apr
39%
Jan
Co———— *
Mfg
Co
109
pfd—_——100
5
common
A they
Barlow
8
Mfg
Co
Borg-Warner Corp
Brach
&
(E
Sons
class A
Wire
&
Fence
Brown
common
:
J) capital—.
Common ———J—
Bruce
(EL)
Co
Bunte
Bros
Illinois
Central
2314
1%
Jan
Jan
4%
Feb
100
12%
Feb
16
Apr
20
Jan
23
Apr
15%
Jan
9%
22%
150
14%
14%
50
14% Mar
9%
200
8%
Jan
35%
100
33%
Jan
37% Mar
10
10%
1,200
Jan
10 % Mar
8
100
6%
5
6%
Jan
Apr
17%
250
16%
Jan
18
35%
300
34%
Jan
38% Mar
22
150
18%
Jan
24
17
100
14%
Feb
18
Mar
4
400
3%
Feb
4V4
22
Jan
24
Jan
20
Jan
25
Apr
10
650
9
Jan
10% Mar
28%
28%
200
28
Jan
29% Mar
89%
•
88%
90
260
%
:—1
50c
"%
9
88%
Co
Edison
2,000
%
111
% Mar
Jan
Jan
Jan
7%
116%
Jan
Jan
10%
Jan
14%
250
6%
15,100
48%
5%
500
45
Jan
50%
100
82
Jan
94
Mar
114
Jan
48
89
89
89
114
114
12%
14%
Jan
4%
Feb
10
111%
78%
Apr
'"i-V.. 6% Mar
Feb
400
83%
81
Jan
Jan
84% Mar
17% Mar
14%
14%
13%
Feb
2%
2%
200
2%
Apr
3%
Jan
25%
25%
26%
6,110
24%
Jan
26%
Apr
.4%
4%
4%
250
41/8
Jan
5 Ve
Feb
15%
2,150
.
'
1
Consolidated Biscuit common
V
t
Co
Crane
22
50
pfd part shares..—
part shares v t c B_
c
Cudahy Packing Co 1%
97%
pfd—100
—2%
cum
Stores
common
Industries Inc class
Electric Household Util
Elgin National Watch
Co
—
Gardner
Co
Denver
General
Foods
General
Motors
19
Feb
22%
97% 100%
210
93%
Jan
150
20'%
Jan
200
15%
Jan
200
7.
Mar
7
-
40 Va Mar
11%
11%
12
200
10%
Jan
127/a
x5%
6
1,450,
5%
Jan
8
Jan
5%
8%
8%
9%
500
30%
30%
31%
150
29%
500
,*
12%
3%
3%
800
7
250
u:
7
13%
8
Feb
45
13
Jan
15
Mar
19% Jan
16
50
20%
9%
50
8
10
37
■'
5%
15%
21
Co
50
5%
200
70
300
-•§%
V
.
20
4%
14%
200
.,-13%
11
11
9%
class A
McCord Rad & Mfg
f
150
Apr.
i
Jan
'
.
i
10%
V)
West
Jan
Jan
!'■
10
97
Apr
'§7
47%
Jan
101%
Jan
6%
1,850
10
2%
Jan
1,250
Feb
:
30
7%
8 % Mar
Apr
49 % Mar
.,}•
104
Apr
2%
4%
100
3%
Feb
5
8,300
6%
Jan
7/a
Jan
Apr
8
150
4%
18
200
15%
60
5
19
17%
50
30
33
100
18%
14 %,
Apr
Mar
Apr
1% Mar
19% Apr
5
Apr
21
Mar
22% Jan
33
33
Apr
34
Feb
Jan
15
Mar
550
13%
Jan
4% Mar
4
90
29%
33
13%
Mar
46%
10%
47%
200
38% Mar
47%
5%
—*
•
—100
100
preferred A
prior lien
lien
5%
150
5% Mar
6%
10%
9%
3,050
10%
Feb
Apr
Jan
11% Mar
stock
v
•
t c
&1 prior preferred
Minneapolis Brew Co
.
.
Modine
Mfg
Monroe
Chemical
common...
,
19%
19%
400
Apr
21% Mar
7%
8%
200
5% Mar
8% Mar
8%
8%
300
5% Mar
8% Mar
""
8%
8%
:
Ward
&
Co.
common
2%
,
2%
550
1%
Jan
2% Jan
10%
10
9%
9%
400
9%
Jan
1
8%
9
100
7%
Jan
9
Apr
Feb
30
Mar
Muskegop Mot Special class A
*
*
Springfilled
National Cylinder Gas
National Standard cap
common
common.
stock.:
Noblitt-Sparks Ind Inc capital
North American Car common
200
29
29
For footnotes see
page
1687.
4%
Feb
3%
34%
Jan
38
13
Feb
15% Mar
127/8
12%
13
1,550
10%
Jan
13%
22%
22%
100
21%
Jan
24
Feb
27%
27%
27%
180
27%
Apr
43
Jan
16
Jan
2
32%
32%
Radio
28
Jan
350
2%
44%
400
42%
Feb
28
10
27%
Jan
16%.
12
2%
Apr
30
Feb
200
14% Jan
17y4
Feb
12%
34%
10
18
19
Apr
Jan
2%
34%
Jan
13%
13%
10
13%
Jan
14%
Apr
13%
13%
200
12%
Jan
14
Apr
15
15%
450
15
Apr
18
V* Jan
30%
29%
30%
1,550
2714
Jan
31%
30%
31%
150
28
Jan
32 V4
Jan
25
46
Va
46 »4
100
45% Feb
49%
Jan
12%
13
300
12
78%
78%
78%
100
77% Mar
82%
71
73l/4
II2
71%
'
'
,
III
'
52
5%
26 Va
Jan
Mar
6
Mar
Jan
26Va
Apr
150
2%
Jan
3%. Jan
'200
8%
Jan
9% Feb
50
3%
,
3%
300
26%
3 Ye
Jan
55
3,100
5%
26%
Mar
50%- Apr
950
5%
«
common
50
71%
50%
f '
'
Feb
13% Mar
Jan
12%
*
4%
Jan
5%
27%
Feb
i
a
■'
9%
1.2
//■
5
5
5%
5%;
35%
35%
.25%
■;
25%
26
850
24%
64
67%
400
56%
58%
400
V
'
*.
common—,
9%
5%
.
__5
capital
1,
36%
Feb
39% Mar
9
750
5% Mar
34
650
9%
Apr
5%. Feb
200
Feb
10% Mar
Jan
27% Mar
Jan
68% Mar
'•(/."■v/X
Unlisted Stocks—
j
'l
com—
IiO,
Copper Mining
Atch Topeka & Santa Fe Ry com.. 100
Anaconda
f
•
•
Bethlehem
Steel
Corp
'
•
9%
*
--
'* \
'
•
common
Curtiss-Wright
57 Va
Iron
Corp
>-
5%
700
5%
Apr
•35%
35%
400
35%
Feb
7%
.7%
200
7
19%
100
•
common
60%
Jan
5%
35%
19%
-i*
Co
56%
"5%
1
Electric
--
„i
(Glenn L) Co common.
Jan
6% Jan
37%
Jan
Jan
8% Mar
16%
Jan
20% Mar
12
—5
Corp
.
Paramount Pictures Inc
12%
1,750
11%
Feb
13% Mar
17%
18%
1,750
15%
Jan
20% Mar
25%
-150
23 %
Feb
27% Mar
40%
39
41
300
37%
Jan
43% Mar
16%
15%
21*
common
-16%
600
15%
Feb
18
9
16%
1,400
Apr
10%
Apr
18% Mar
9-
•
Radio Corp of America common
12*
Republic Steel Corp common
24%
'
*
(The)
11%
17%
—1
Inc
Oil Co
Standard
Brands
'
'■
9 i
,
16%
"16%
9
16%
1,150
Mar
Jan
I25.
....
•'
-
—
14
-10
'■
--
300
28% Mar
52%
100
52%
Feb
147/a
.52%
'':'r
14%
1
Studebaker Corp common
U S Rubber Co common
31% Mar
30
30
common
Standard Oil of N J
959
14
Apr
16% Mar
40%. Feb
46% Mar
—
—
54%
Jan
Cincinnati Stock Exchange
Friday
Range
Low
*
■
.
9
9%
Mar
Products
preferred
part
Feb
Burger Brewing
Champion
—
152
5%
5%
200
4
5%
5ya
55
4
Feb
6
Mar
8%
8%
10
8
Jan
9
Mar
100
6
Mar
4
6
*
102%
22%
Cincinnati Union Stock Yards.
*
Crosley Corp
Mar
78
Mar
93
10%,
24
8%
Jan
18%
55
17%
Feb
72
10%
21
Feb
Mar
10%
Apr
12
35
Jan
37% Mar
31%
Apr
35
7%
7% Mar
Jan
Jan
35%
.
X
__
33%
95
35%
233
29
Jan
36% Mar
43
>'
100
*>
Jan
10
71
31%
a
participating preferred
5%
11%
37
7%
*
Art
12
11%
Insulation
A
Apr
9
Jan
77
10%
& Daniel
Hatfield
104%
Jan
714
36%-
Drug
Gibson
Jan
3% Mar
Feb
Jan
7%
9
18%
10%
.
^
Eagle-Picher
Formica
99
6%
26% Feb
Apr
76%
76*%
*
;
2%
116
5% Mar
8%
50
Telephone
-
28% Mar
Feb
22%
360
—t.—50
Feb
25%
10
3%
3%
101% 103,
.5
Cincinnati Street
6
22%
Cincinnati Gas & Electric preferred.100
Cincinnati
*
—
Crank
Ball
28%
'i'
■*
Fibre..
Paper &
Cincinnati
27%
7
pfd,
—
—
10
III2G
Baldwin
Early
High
Low
High
874
.
Laundry Machine
American
Prior
—
874
8
American
Dow
Range since January 1 [
Shares
of Prices
Par
Industries
Sales
for Week
Week's
Last
Sale Price
STOCKS—
Aluminum
Kroger :
—*
i.—
Miami
Little
guaranteed
Lunkenheimer
Randall class
43
10
34
Jan
43
Feb
39%
40
40
39
Mar
40
Jan
■
50
*
—
•
A
3374
107
*
107
""
35% Mar
Jan
:m>1Q7"-
Jan
534
54
Feb
20
22
107
Apr
21 '•
10
22%
140
54"%-
56
23
55%
31%
372
34%
107
22
_*
;
33%
.
23
-
'
Apr
22%
Apr
d'68% Jan
23
Feb
t: Apr
'
Rapid
U S
U.
*
;
—
Playing Card
S.
Printing
;
—
—
—
class
A
250
11%
Feb
12% Mar
34%
100
'32 %
Jan
37
.
Unlisted—
Feb
City
1
17%-
16%
17
219
'10
Jan
'r:'17%Apr
;
43%
147
40%
Jan
M 45 Va
Feb
11%
12%
181
8%
Jan
12%
Apr
36 %
132
35
Apr
38% Mar
;127/8 -13 V8
16.% 16%
159
12
Jan
14%
34
15
181
43
10
*
50
•
,
'
.
"
35
General
100
33%- Jan
38% Mar
Standard
350
17% Mar
20% Mar
Ximken
Brands
,„
16%
•
10
—
Roll'Bear
—
56%
4%
557/s
_•
Motors
36%
18%
*
25
Fuel
Columbia Gas
18
"
•
Rolling Mill
&
Ice
■
'
common
Corp
>
Apr
32% Mar
2
American Radiator & St San
36%
5
750
48% Mar
16%
1
1,400
Apr
2% Mar
2%
43
28
*
350
2%
2
Apr
15%
i
Indust
18%
32%
18
Jan
5
—
Bankshares—•
Preferred
2%
43
.—*
20
3%
374
Feb
10
common
Yates-American Mach
American
Nachman
Jan
23%
50
Procter & Gamble.—
Co-
Common
Montgomery
13% Mar
90 %
Jan
% Mar
tv Jan
50
19%
»
*
common..
Jan
Feb
21%
15
Common
Hobart
Hart—
&
Dommon
11
85
Walgreen Co common.
Co—
Util 6%
prior
11%
■
1%
.
_
Convertible
i
Corp
United
Common
Miller
Food
50
Feb
,15% Mar
7%
19
*
Prod common——1
capital
5
Corp common
Mickelberry's
Mar
150
20
It-'
.
Jan/
1%
14
8
350
*
Williams Oil-O-Matic
,73% Jan
,10
Jan
4%
*
Jan
19% Mar
Jan
13%
—
Apr
6%
ir.:
6%
30
6%
.
5
1%
—*
—
'<
6%
4%
17% Mar
Apr
49
104
2%
——*
Mapes Consol Mfg'Capital
Marshall Field common
.
104
17%
-
1% Mar
97
6%
48
7
Lincoln Printing Co common
—*
$3% preferred
*
Lindsay Light & Chemical com.—*
Lion Oil Refining Co capital—*
100
Apr
.
?$8% Ape;
,
7%
97
1*
—
560
8
4%
Jan
600
common..
Jan-;,' (17% Mar
;22
Mar
19% Jan j
r i ■?.
common.
19
3%
43% Mar
Jan
Mar i:/',
13%
Llbby McNeill & Libby common
Feb
600
14%
—
—
10%
7%
5
Apr
155
25
.
68%
»—
77
Apr
Mar
9
Jan
4
900
common.——*
*
La Salle Ext Univ common
Jan
11%
Jan
Jan
1 %
800
13%
.
Jan
16% Mar
Mar
8% Feb
200
21
6%
Jan
Mar
.
'
16
5
Mar
300
20%
16
11
500
13%
20%
—50
-100
71
150
21%
7% Mar
Jan
Jan
Feb
100
13%
4%
7
200
2014
*
—100
80
Apr
Jan
38%
-t
42%
7
Jan
8
...
600
10%
5%
common.
preferred
Co
Mar
1
Kentucky Util jr cum pfd
13% Mar
38
I—
capital
common
4
42%
11
3% Mar
Apr
14%
common
Nash-Kelvinator
6%
—1
4%
Jan
31
;
77
150
Jan
2V2
11%
Mar
10
_1
34%
31%
100
8
*
Utah Radio Products
10
capital
Kellogg Switchboard
5% preferred
1%,
Steel
18
°
*j
Gypsum
S
Pure
common—1—
Joy Mfg Co
Midland
S
U
16% Jan
_
Midland
U
100
,,
,
Co
20
700
3
87%
common
(The)
17
Apr
•
Middle
Co
Pullman
$6 preferred
63% Mar
38
Union Carbide & Carbon capital
17
(new)——1
International Harvester
Jan
12%
capital—25
capital
Feb
9%
Masonite
Trane
42% Mar
*
Feb
56%
Mar
14%
capital
Apr
1%
&
Corp
59% Mar
Indep Pneumatic Tool v t c
Indiana Steel Products common
Feb
30
19
capital—.5
preferred
(A)
Co
Texas
Zenith
Apr
Jan
8
Stockyards capital—*
Swift International
Woodall
1%
87
Indiana
of
12%
41%
-.
Co
Wisconsin
18%
100
11%
21%
89%
Jan
1
Sundstrand Machine Tool common
&
34%
Jan
Feb
%
26
19
Stewart-Warner Corp common——L.5
Swift
17
59%
374
u_.l_.__i
Oil
75
9%
B)
&
79
100
140
*
Common
Jan
1%
Leath
Standard Dredge
Apr
*14%
Mar
4% Mar
Jan
*
Works
Lathe
Feb
41%
'
Bend
10%
Spencer Bartlett common——25
I
Feb
32% Mai*
:
4
;—_*
.
St Louis National
Standard
310
1
314
1,550
150
.5
...10
4
common
Corp
39
50
6%
Sinclair Oil
Feb
10
34
Jan
.__*
150
10%
500
(W
Feb
6% Mar
10
Jan
"preferred
Common
41 %
100
Jan
29%
731/4
•
■——100
Corp class B common..:
.1
Signode Steel Strap Co pfd———30
51%
—
22
34%
Serrick
150
Illinois Central RR common
200
7,550
17%
274
common
& Co
75
8%
Power
Roebuck
1,650
•
_*
*
20% Mar
89%
11%
Sangamo Electric Co common.,
Cummins capital—
Sears
41%
•
11
59%
New York Central RR capital
*
Apr
Jan
29
•' 34 %
Schwitzer
58%
capital:
'29 %
1—1
Mills common
72
_*
10%
16%
4%
:,
——1
Co common—'
Martin
11%
Jarvis
Reliance Mfg
Rollins Hosiery
3%
Hein Werner Motor Parts.——
1
50
100
common—
Raytheon Mfg Co 6%
100
'■/,
8%
Interstate
Cp
10%
17
,
17%
_*
Co
common
Preferred
41%
cap.—.—
common
(The)
(The)
Quaker Oats
\
55%
—
10
A__—
common.——
RR
11
11%
Motors
86 %
11
—__1
3
Illinois Brick Co
89%
A
Car
General
—10
common——10
Corp
Jan
Apr
common—1
Co
———..100
Elec
Circle
Co
3%
common
Brew Co G
8%
36%
#
Hupp
Potter
56%
Goodyear Tire & Rubber common
Co (H W) common
& Dk com
Hibb
Perfect
common—.1
*
Great Lakes Dr
Printing
18% Mar
,
500
5
High
50
450
-
Feb
38%
5
Gossard
Heileman
Mar
21%
36%
„*
Goldblatt Bros Inc common
Harnischfeger
102
Apr.
38
10
Gillette Safety Razor common
Hall
3%
Pressed Steel
Interlake
common—
General Outdoor Adv
16%;
7
common.———
Corp
4%
10%
common
Corp
Finance
General
550
16
27
Jan
&
(Peter) Brewing common
Fox
21%
15
—
common..
Drive
Auto
Four-Wheel
23% Mar
%
1
A
Corp
Connell Dock
&
Co
5% Mar
Feb
21
18 Va
-*
Dodge Mfg Corp
Simons
Jan
20
21
Dayton Rubber Mfg common
1
Decker (Alf) & Cohn Inc common—10
Deere & Co common
——*
Dredge
2
150
20%
Cunningham Drug
Fitz
100
—.25
common———.
Domestic
50
4
23
4
22%
32
30%
capital
Peoples Gas Lt <fc Coke capital
Mar
22
21%
—*
America common..20
Common
Container Corp of
30
—100
——...
Switch, class
&
Pennsylvania
Co—t
Consumers
19%
C^B common—_——5
preferred
Elec
Gas
Stein
55%/Jan;
Apr
% Mar
30
200
9
14
25
common
200
%
,
48
10
com—-.—"'
common
Uten
Aluminum
%.
%
,
112% 112%
6
6 %
Penn
South
Apr
10
25
9%
Mar
350
23%
.«■
Low
10%
Utilities—
preferred-, 22
Penn
Feb
22
Range Since January 1
High
19%
19%
Jan
j
16
Shares
10%
—
6% Mar
28%
preferred
Commonwealth
Feb
25
States Pr & Lt
Cities Service Co
Club
%
4
————.*
preferred—-—*
Cherry Burrell Corp common——_5
Chicago Corp common
;
1
Convertible preferred
;-*
Chicago Flexible Shaft common
5
Chicago Towel Co conv pfd————*
Chrysler Corp common.
—
—5
lien
1
3%
Secur
Central S W XJtil common.—
Prior
Jan
100
600
17
5
Common
Central
4%
1%
3%
17
...i—.10
Serv $6 pfd
Corp—
Jan
21
——i———10
Illinois Pub
Central
300*
1%
Jan
35%
preferred.—-—30
convertible
5%
5%
1
3%
6%
*
pfd—"
-.1
common
common—
Brothers
Butler
—
800
Feb
8%
10
—1
1
5
5
Brewing
Jan
Jan
112%
35%
—*
common——5
Corp
Binks Mfg Co capital
Bliss & Laughlin Inc common—
Berghoff
6
9
22%
14%
X——10
common
Corp——*
Aviation, Corp
Jan
7% Mar
16
Mfg A common—5
Radio
Belmont
Bendix
Apr
5
1%
5%
Bastian-Blessing Co common————*
Be Id en
109
100
1%
3%
—3
(Delaware)—
Seelig
&
5%
V
common———-3
Washer
Aviation Corp
-
8
—4
capital—
Truss Wheel
Automatic
Mar
10
5
8
1
5% Mar
15
3,450
109
~5
Equipment Corp common-—1
Asbestos Manufacturing Co common„l
Aro
—*
Finance common...
Peabody Coal
•
34 %
Low
,
Bancorp common
Western
7%
Jan
.
for Week
of Prices
Jan
14%
14%'
American Public. Service
&
61
4%
,
Illinois
North
High
Feb
common—
Laboratories
Armour
53%
40
14%
Bearing
Chalmers
Allis
14%
.1
•
Allied
Low
,
100
56%
common-
Mfg common_._„„——*
Castings—5
D)
Ball
Aetna
Range since January 1
High
14
Aluminum
Advanced
North
Northwest
Shares
56%
—*
common
Par
Sales
Sales
,
Range
Sale Price
STOCKS—
.29%
'29.%
*
4374
437/a
„,
4%
58'
29%
44%
Feb
Jan
17% Mar
4%
Jail
5% Mar
496
5.1%
Feb
59% Mar
75
28%
Jan
31% Mar
85
44%
Apr
487/a Jan
.1
Volume
Number 4275
159
THE COMMERCIAL & FINANCIAL CHRONICLE
•
'
1683
A
OTHER STOCK EXCHANGES
RANGE
Cleveland Stock
Range
Sale Price (*•
of Prices
Paf
Akron' Brass Mfg—,
American Coach &
r—.50
Brewing Corp. of America—
City Ice & Fuel
Cleveland
Cleve
Cliffs
Iron
%
_•>•
preferred.
:•
v
Elec
111 $4.50 preferred.
Corp common_Z
Manufacturing
Goodrich, B F—
Goodyear Tire & Rubber——.
Halle
Bros
,
M
—
A,
$5
ZZ"-5':...100
—
<" \
63
•
■
113
Bros
Diamond
Chica
Jones .&
Bolsa
Jan;
71
Mar
Byron
Jackson Co
Packing Corp
Apr
114
Apr
13 %
Apr
Feb
15
Mar
45
Mar
Central
40 y8
Feb
48% Mar
Cessna
36.%. Feb
44% Mar
Chrysler
15
85
197
'•,">••
15
49%
•
,.
15
105
:
•
•
1
12%
P-: 50 >
•
49%
100
105
•
•
431/2
.
,
85
■
105
*
Feb
',,50
Jan...
Apr
:
Apr
.
Laughlin:HjH—Lii'.
Medusa
National
34%
Apr
National
Nestle
Ohio
1
al5
:
8
206
.5 20
,325
Van
-17
Dorn
Iron- Works—lwa--'----"--''
Weinberger Drug Stores.:.:—..——.H
.'Z'v7''rV
>
v.-
'J;
" :'%"53/4
a34
36
34
-y
McBean
Goodyear
Tire
Holly
a37% a37%
35
a41% a42%
321
General Electric commori.i:.-.-—.
a35% a36
>.
301
Glidden Co
a
19%
117
a35% a36 V8
•73
York
Ohio
S
Steel
17%
a
18%
;
,
.
Door
16%
a
Bros
Jade
Oil
%" Jan
•12%' Feb
37'%' Mar
14%
a
41V8
Jan
43% Mar
37%
Feb
20%
Los
40%
Jan
20% Mar
Feb
*•17%
Feb
19% Mar *
16%
Apr
18
Mar
.;50%
Apr
55
Mar
14%
Apr
16% Mar
50
>
Lerchen & Co.
Pacific
Chicago Stock.£xchange
&
.s
;
,
;
^
.,
"
••
V
r'
Apr
Apr
Apr
Radio.,
1
10%
2.50
3%
10%
3%
—10
9%
*
435
9%
Jan
300
9%
52%
7%
14U
Jan
200
57
2%
957
3%
56%
*
Jan
Jan
3y2
Jan
Apr
59 y4 Mar
9 Va
Apr
.■
12
12
210
10
•
:
Co
41%
41%
367
38 '/a
Jan
42%
Apr
77%
77%
500
77%
Apr
92%
Jan
450
8%
9%
*
Jan
12%
Jan
10% Mar
500
8%
5%
Feb
10%
Jan
10 V*
9%
10
1,000
8%
Jan
2,200
4c
Jan
15c
15c
11%
11%
42c
43c
16
16
230
15%
16
1,432
16%
1
first
_
—1
10*
Co_l—
ZZi
Co
16%
625
1.15
2,100
I
9%
21c
Apr
Apr
Mar
.
Oil
Oil
Warrants
Union
Oil
Trading
Oil
,
Co
Pacific
Oil
Oil
Oil
rm'u*
Jan
24
1,000
24
Apr
30
Jan
307
3074
Jan
33% Mar
188
35 V*
Jan
3674 Mar
Jan
30%
Jan
43% Mar
19
Jan
20% Mar
574
360
31
a9%
5%
100
50c
600
50
7
31'
Jan
10
Mar
Feb
3%
Jan
1.00 Mar
Jan
4 Va
Jan
40%
Jan
—
70
a26% a27 V*
5c
36%
72
40 Va
4c
Apr
Feb
87/b
10
35/b
Apr
Feb
29
78
a50c
3%
40%
•
27%
Apr
2774
Apr
2c
Jan
5c
Mar
2,000
Feb
46%
130
41
Jan
48
12%
1,433
1074
Jan
13 Va
8%
12%
46%
12%
''
^
8%
100
8%
Jan
4,069
22%
Apr
24 Vb
Jan
Mar
Apr
"
974 Mar
22%
22%
24
30%
30%
30%
1,518
30 VB
Apr
32%
Feb
30%
30 Va
208
297'b
Jan
31%
Feb
35%
35l/2
572
34%
Jan
36%
Feb
28 Vb
560
24%
Jan
31 % Mar
35%
363/s
956
3574
Feb
38%
6%
6 V4
2,747
5%
Feb
6%
8%
8%
1,201
8%
Jan
18%
—25
pfd class A_ —25
1874
'
•
a
Calif.
——
ZZi
Corp
Corp___—...——
ZZs
Inc
California
of
36
40%
•
•
<•
:>
255
18%
1874
18%
19
1,931
—10
Co
12%
1274
13
405
6
1,762
3%
19% Mar
Jan
140
1.15
Jan
4
6
10
18%
Feb
12
Jan
Apr'
974 Mar
Apr
—25
Oil
Portland Cement pfd—_
Yosemite
48c
30
5c
•
Co
Consolidated
Universal
Mar
.40
25
of
40c
200
Co—
Co
1,700
a46% a46%
-.1 *
Ltd— ZI25
preferred C
6%
Jan
38c
5%
15
preferred class B
Co
Apr
14c
27%
Calif Edison
Calif Gas
35
518
3%
„25c
class A—
1.25 Mar
Jan
Feb
31
ZI30
Corporation
Jan
30
Feb
Apr
7e
a50c
•.
16%
1.05
50
a9%
*
Corp..
Jan
30%
a9%
1
Corp—
10
Mar
4074
—^
•
——
16 % Mar
40%
'
a20%
...
„
Jan
al974 a20%
*Z- "■'
1
—1
Aeronautical Co
Inc—...
11%
12% Mar
30%
«
;Z*
pfd
common- ZZi
Co—
al774
3.000
36
-Z
-
—25
Corp common
44c
Feb
9C
a31% a31%
a31%>
1st
Republic Petroleum Co.
a20
Jan
Feb
15 74
38c
l
common-
10
30C
a
8c
*Z»*'■
25
Service
130
6,200
24
1 >
preferred—.
Ranch
a20
8C
commonj—. —.25
Public
Richfield
1,05
1
Lighting. Corp
Rice
42C
-10c
i
—
5%
Union
,
10%
37
Transcontinental & West Air,
Telephone: Randolph 553Q
v
13 Va Mar
Jan
480
Us-
.
Apr
Jan
8%
Jan
Ltd
Elec
Taylor Milling
•
12
Mar
Co—
Petroleum
Pacific
Sunray
j]
123
30
common—..
Pacific
Southern
r.
DETROIT
480
10%
10%
9%
4o0
Investment
Gas
5%%
>.
12 V*
12
10%
7%; Jan
17
1st preferred
So.
?
12
233
100
a—
6 'Ic
6%
•
23% Mar
9y8
35
Occidental Petroleum Corp——
Sinclair
New York Curb-Associate
Ford Building
Jan
23
8%
480
Oil Co—
Standard
;
20%
22%
Sontag Chain Stores Co Ltd
'Members
,
Feb
464
23
35
Co.
Oceanic
Southern
Detroit Stock Exchange.
10%
_10c
Signal Oil & Gas
• '•
Jan
•
Corporation,
Sierra
; •
9%
480
Co
Mfg
Menasco
Shell
•
Jan
650
10%
Apr
1
Security Company
■
6%
10
5
Safeway Stores,
New York Stock Exchange
Apr
common——10
Petroleum
Angeles
Ryan
;:#Z;/ZWATLING,
6
10%
4
Co__
Magnin (I) & Co
Jan
Apr
17
100
319
6%
9%
Lane-Wells
Jan
19
197
*?
22 % Mar
.
35%
433,
14'%
Jan
- •
ey8
a80% a83%
1
Lincoln
Feb
*35
28% Mar
55
'
,
*
Lockheed Aircraft Corp
19
Mar
Feb
Jan
_1
Co
39%Mar
•
22
Apr
25%
45
55
•
Rubber
Packing
21
150
Feb
Jan
45
54 y2
54%
1
common
43%. Feb
-39% Mar.,,
'
a26% a26%
common.
&
&
&
5
a20% a20%
16%
.
Mar
36
-
r** 39 % Mar.
»65
50% a51%
a
common—.
Feb
Development Co
Hunt
Feb
1,15 %, Apr
r:Apr
20
209
al6%
a
common———
Youngstown
a
25
-
al7%al7%
common...—:—i_
Steel
Steel
19%
a
Oil,common_ii;_—
Republic
U
Central' commonir——1_
15 V*
....
Nordon
Cleveland Graphite Bronze com_p— 4 J-l
Firestone Tire Si Rubber common.— -10
——
425
Hudson Motor Car Co
V%:"21-%' Mar,
?/ -';"8%'-Jan
17.7
a20 V* a20 V*
common—.—
16 V8
Preferred
Jan
common- -10
New
16'/a
Nat'i Bank—100
Corp
Gladding,
j-
Industrial Rayon commonH-ii—L—!i
1.95 Mar
Corp common.
Apr;
* Jan
2
9
,
Jan
924
10%
Zf'ZZ.ZZ
Addressograph-Multigraph
Jan
Corp—
Equipment Co__
Apr
11574
^&2%; Janf
9-~r33%
v
Paint
12
.
V
201% Mar
602 '
17%
a34
.•
,vn76 tv%4tt%:: Jan
-
Motors
General
16% Mar
■
r,
260-.'Hl3y8':Jan
43 V*
General
Merchants
Unlisted—
1.30
Foster & Kleiser Co
Feb
4%* Mar
,
,^ vil% ; Apr "
y^J^jJan
>
•'
>■>' 1
35"
a
10%
Youngstown Sheet & Tube_i—*
:•'
200
5
Television
18'%, Apr
:
% llOy Mar,
650
a37% a37Vs
6%
\
Jan
.";-10% Feb
,156
15%
*34%
.3%
.
93';.siyi4%V Jan
.
9.21V* 9.21V*
PattersohrSargen'tTvr--_-l-j-iJi'i-V-_-w:
■
*
r
.
Farnsworth
•;> 12% Jan
-vii.15% Mar
V*'-1
: is,
a42.%
230
1%
8
.
JB-:——-Z-:;::.....—*
1.60
——
& Merchants
Farmers
22%vMar
j.-.
;4>U-W Mar
..v •-!*5'%: Feb
,
12
: 1%
A—*
210..
"5100
15%
Richman Bros illi
.i—t—
Standard Oil of, Ohio—____-_25
Thompson Products Inci__—nri.—*•
.
1.60
Exeter Oil Co Ltd A—
Jan
23
Mar
■
■
-
•
lj\
V*
115% 115%'
'
Tile
Brass, class
ya
12
new
6%—_^
LeMur .class
4
;
Feb
1
Products
&
Feb
12%
2.00
America-..
Derrick
Emsco
6%
Jan
Jan
—
of
Jan
12%
1.80
—
Creameries
Feb
;
,,;. ^2'l.y8: Jan
>
>'
6
18
•
m
—
Refining
preferred
27:
■:i00
11%
5%
: 17%
Paving Brick—
Acme
National
,11%
—.
;-."3lV''.Feb
231
21,,,.
a2iy8 a21%
Cement——
Portland
Metropolitan
Prior
32% >34%
.21
Co
Corp
4%
105
800
Corp——j.___ 100
Preferred
Mar
107%
■
,
Aircraft
High
2,850
13%
a
1.95
-
Investment
Low
5%
13%
1.85
Consolidated Steel Corp
5-
Range since January 1
High
5%
a
♦
California
42 %
:•
5%
Shares
*
common...*
Broadway Dept Store, Inc
TAW
for Week
,
,__2
Corporation
5
—Zl—_
Kelly Island Lime & Tr
Lamson &. Sessions^——
*
Corporation—
Oil
Low
1
common——
17% Mar
■
Electrical
Interlake Steamship;
Jaeger Machine
Company—.]
Corp
*.'494
a4'l% a42%
Z~
Z!"
•:
Blue
Mar
51
•
•
Barker
13%
a40% a44%
'
•
Jan
J
145
113/;
13%
:
pfd__::—
cum
v
15
6 % Apr
11% Mar
;.
a43% a43%
f
,
_I.
.common..:.:.
Preferred
Hanna,
4—
Feb
157'■•":
:
4s 40%
40
■
70%
113
—
——.
Eaton
48%
70
;>"10-"Jan
105
Petroleum
Range
of Prices
Par
'.
Bandini
Sales
Week's
,
-
Sale Price
High
...Low /:
HOC). fZ !.5% Feb
al6%al6%
——.
Last
STOCKS—
-Range since January 1
y
6%
4'8%
Angeles Stock Exchange
Friday
W
Shares'"
11%. 11%
3 ■'«'
Cliffs
-
6%
.
—5
Body
Los
for Week
High
Low
■
APRIL 21
ENDING
Sales
Last
STOCKS—
WEEK
Exchange
Week's
Friday
FOR
Jan
197'a Mar
13 %
6
Apr
Apr
Mining Stocks—
Detroit Stock
Exchange
Week's
Friday
Last
8TOCKS—
Sale Price
Allen
Electric
Atlas
Drop Forge common—
Baldwin
Rubber
Briggs Manufacturing common
Brown, McLaren common———
458
6%
750
29%
ZIi
Burroughs
Range since January 1
Low
High
200
7%
6%
6%
1%
7%
7%
-.1
common—
Shares *.
1%
„5
29%
•
Adding Machine—:
Consolidated Paper common—,
J
0
12%
12%
40
15%
15%
-I
5%
5%
common.:..—
Topeka & Santa Fe Ry__100
—
Jan
-i'l %
Jan
Jan
13 y2 Mar
14%
Feb
15%
-408
Jan
31% Mar
;
/■4%v Jan
1% Feb
Jan
6% Mar
Aviation
Barnsdall
Oil
Corp
Milner
Detroit
&
Detroit
Edison
common——
Cleveland
Nav
6%
common. .10
_20
5%
j '19%
lt-i I
—X
;V
8
4% Jan
6%
2.520
19% "" ffii,407
- ,«18%vJan
Jan
1 :-»& i&eioo--- ■•75c
5%
19%
—5:
common
3%. Jan
1,939
8
Apr
6% Mar
20 Vb
Mar'
13
c
Boeing
al5%
5
—
—
•
a58
Co—.—_5
Airplane
Co
—
—5
Company.
Aviation
Bendix
t
v
Bethlehem Steel Corp..
Borden
Crowley,
_3
Corporation...
Locomotive Works
Baldwin
..
—
15
,
Borg-Warner Corp.
—J;—5
Canadian Pacific Railway Co
25
—
—
..
a39%a41%
25% 25%
5
5y8
a63% a66%
a28y2 a28x/2
3%
3%
1.30
21
al5% al6J/2
a34% a34%
a57% a587/8
Jan
Jan
10% Mar
36% Feb
156 Vb
125
185
2
203
al3% al4
a30y8 a31
a35% a36%,
a9
a9
—
7%
9
92
586
al9% al9%
5
Atchison,
Atlantic Refining Company-—,——25
Apr
12 y8
;• 160
Motors
(111)
Company
7%' Feb
27%
225
Continental
&
25%
50
Co__,
160
158
158
14
Corp
9%
9%
a37
a37
—
1%
Jan
■,*
Copper Mining
—
100
6*'1 Jan
6%
400
•n
Viscose
Anaconda
Armour
9%
—*
Refining Co—*
American
1.25
'
1%* Jan
*.
'
225
1%1%
;
American Tel & Tel Co^^
High
1.25
1
Mng Co
American Smelting &
'•
-1
common
&. S
Stocks—
Rad & Std Sanl Corp
Amer
Sales
of Prices
Low
Unlisted.
for Week
Range
G
Chollar
Cons
17
70
110
564
250
220
34
37V2 Apr
Jan
158
42y2 Feb
24% Jan
5
Apr
56
Jan
27
Mar
6
Jan
67!/8 Mar
*—
—
3% Jan
19y4
21% Mar
18y4Mar
36
30
...
—
Mar
30y8 Mar
—
—
.
87/8 Jan
50
Mar
60% Mar
—
,
—
4'/4 Feb
Feb
16V2 Apr
34% Jan
58% Mar
85
Apr
43% Feb
;
...
common—
Detroit Michigan Stove
common
3%
3V4
100
3%
1
Mar
4%
Jan
Jan
I)
(J
Case
Caterpillar
10% Feb
Columbia
Ex-CelI-0 Corp common
...3
Frankenmuth Brew common—— —1
Gar
Wood
Industries common- -3
General
Finance
General
Motors
common
common.
—1
Browing
Grand
Valley Brew
Hoover
Ball
&
Bearing
Kingston
common.„..r..
Kinsel
Products
common.!.
Drug
Kresge
(S
LaSalle
jyines
S)
——__
common—
Hone
Mid-West. Abr
:
common
Michigan Die Casting
Zi
*
—2
j.—___!
1
50c
4
14%
.
-
ZZ-'
23%
4%
■
4%
27c
27c
■1%,
1%
7
1%
1,200
Jan
•
i .2%. Mar
62c
>
Continental
Oil
Co
1%
-
Park
Chem Co common-——.—1
Motor Car common
•
Davis
Parker
Rust-Proof
Parker-Wol
2%
Jan
70c
24
,.22%, Feb
4%
.24c
,,
Jan
Jan
W)
Specialties
Corp—
Feb
2,
Mar
Jan
7% Mar
Jan
2 V*
Loew's,
Libby—
Libby, McNeill &
1%
Aircraft
For footnotes
3%
Feb
Montgomery Ward & Co Inc
New
York Central RR
...
American Aviation, Inc.
30%
Feb
19
Apr
9
9
100
1%
174
550
1%
Feb
3%.
3%
700
3
Jan
3% Mar
Paramount
Inc—....—
7
30% Mar
a5%
220
5Va
Apr
1674
433
16%
Apr
17
Jan
35%
868
35 Vb
Feb
37%
Jan
a41 % a42
115
41%
Jan
4174
Jan
a4274 a44V8
125
43
1%
100
a3iy8 a3iy8
a25% a26y8
al3 % al3%
30V2 30Va
67/8
7V4
a59% a59%
10
140
150
320
730
20
..
—
a22%a22%
58
23
Jan
87
44% Mar
15% Jan
1%
a22%
—
,-1
3%*
3%
1,920
3%
Jan
3% Mar
25
4% Mar
Pennsylvania Railroad Company—
Phelps Dodge Corporation—.—.
Pullman Incorporated
—
2%
Pure
—
Feb
10
1
4
4
4
2%
2%
2%
1,975
2 V* Mar
26 V*
26%
345
10
10
10
1,270
100
H_-10
1%
3Va
3%
2,715
,
3%
•
1
2%
28 y2 Mar
Apr
Mar
3
1
1
410
4%
4%
100
98c
3y4
Brands
Standard Oil Co
Jan
"4%
Railway
Standard Oil Co
Jan
a'8%
171
18
3%
.i
—
—
50
H
5
Feb
7 tfiin-15% Jan
*•/)
257s
Apr
12/16
Jan
3074 Mar
6Va
Jan
29
Studebaker
Jan
1% Mar
Swift
Jan
4V2 Mar
Texas
&
Inc.
~
(N J)
Corp
al5% al6V*
8V4
16V2
18
3%
Jan
Jan
Apr
Jan
20% Mar
9V4 Feb
18^1 Mar
19% Mar
4% Mar
26 74
Jan
29% Mar
20%
Feb
22 Va Mar
a41 Vb
42
Mar
42 74 Mar
„
.Mar
65
15 Vb
Feb
18
8%
Apr
10%
Jan
16%
210
1674
Apr
18 Va
Jan
a86% a88 Va
213
88 Va Mar
16%
9
88 % Mar
'
15
12 V*
23 Vb
30
30
25
25
1
a32%
a5274
14 V*
.
•
—
-
-30
-
Jan
Apr
13 Vb Mar
2774 Mar
.30
Apr
a32V4 a3274
148
3274 Mar
3374
a5lV8 a53Vs
157
53% Mar
55
14 Vb
Apr
1674 Mar
115
2774
Jan
31%
Feb
220
46 Vb
Apr
46%
Feb
14 Vb
14 V2
a29% a30 Vs
.25
22 %
300 J
219
Feb
12
605
12%
22%
—
—
Jan
47% Mar
1,439
874
JS-sarairssrss sssx a.-—
Company
Corp (The)—
77/s Mar
23
145
a39
al5%
•
—
30V* Feb
6% Apr
109
a40 %
—
—
32y8 Apr
27% Jan
14V4 Apr
32y8 Mar
170
29
*
—
(Indiana)
1% Mar
28y4 Jan
25% Apr
12
Jan
170
375
a2074 a217/8
*
Company
47% Mar
Feb
463
a8%
17%
18
4
•
.
Mar
17b
582
130
465
a24% a25 V4
•
»■
Standard
1%
4
1
a43'/8 a44%
17 Vi 18%
•
3% Mar
6V2
.
:—...
Feb
•
100
2%
of America
Jan
2,404
2%
Corp
-'-6%
2%
9
<■
1
Radio
_.5% Jan
'
3% Mar
Jan
•
...
*
——
—
Southern
545
9
a
*
Oil Co
Feb
...ay*..
9
Jan
Apr
Pictures,
—,
—
Jan
2%
5
1,000
.
Co..
Car
3%
200
800
3y2
12
Apr
Motor
5%
3%
5%
....
Packard
—.
Jan
3%
51/2'
*
'
1% Mar
Jan
Co—
American
Mar
3%
5%
6
North
Ohio Oil Co
Republic Steel Corp—
Sears, Roebuck & Co..
Socony-Vacuum Oil Co——
2V3
I
'3y»
North
9% Mar
2iT% Apr
.
"
:
4% Mar
Jan
9
1
.4
1
Mar
—
1
10
Apr
Jan
,
:•
1687.
6
>—
*
*
27%
I
common
5 Vb' Jan
a41%
—•
18%
4—.,
page
3%
Inc
145
r
see
2% Mar
500
*
—18
—
420
!
common
1,650
7
Inc
463
-
Wayne Screw Prod
574
a5
*
3%
Class "B"
Warner
Feb
5%
Kennecott Copper Corp..——•
5
Jan
.....—
•
"A"
15
Va
Feb
r^'45% Feb
'
(B F)
19
U;S;RadlatorcommdnI-I——
Universal Cooler
Jan
Co—————*
Motors Corp
.1
Great Northern Railway Co.
Int'l Nickel Co of Canada—
*
—
International Tel & Tel—.*<
36c
Jan
Foods
100
10
Udylite common
Union Invest common
United
11%
Graham-Paige
27%
common*— 1
Tivoli Brewery common
57
General
Goodrich
3%
River Raisin Paper common
ShellervMfg common.^
Simplicity Pattern common—
Timken^Detrolt Axle common.
al3% al3%
al3»/4
Jan
^—2
common--
Apr
Feb
.....
19
Peninsular Metal Products common—_1
(H
10/16
a
—I
27%
•
♦
;
common—
Feb
2574
90
5
(Del)——
General Electric Company
200
*
14 Va
140
%
25%
~a%
Jan
Mar
5% Mar
Jan
I.V2
-
1%
3
165
25%
15%'
1
*
common-,—
common....
Scotten-Dillon
3
al4%al5%
a
1
r__2J/2
—
Parke,
Rickel
3
Corp—
Corp
McKesson & Robbins,
Packard
Feb
25
Continental Motors Corp
Curtiss-Wright
4Vb
35%
.
20% Mar
16
Aircraft
Vultee
Cons.
7
7
'
-
1,203
3% Mar
1.00
Apr
Jan
300
25c
59% Mar
Feb
,;14?/8
600
360
3% Mar
40
a30'/4 a30V4
*
5 % Mar
Company,
a4%
34%
a45V8 a46V8
a474
Commonwealth & Southern Corp..—*
Jan
100
100
2%
Edison
Jan
35%
Commercial Solvents Corp—......
Apr
45 J/2
a45~%
*
Commonwealth
19..
.100
23%
,'
96c
Apr
Corp—
3% Mar
">2% -.Jan
500
62c
62c
,
commonZ-^—l
common
common.......:..
2,100 -i
19%
14%
2%
Z'-*
—1
-10
common..
McClanahan Oil
Micromatic
>
52%
571
3%
29
Jan
rt4%-Jan
3% Jan
-
100
96c
19%
%
"B"_^
1,500
56%
3%
96c
common— .10
HoudaillerHershey
3%
56 %
-1
common—,
5%:
3%
2%
'
_10
Goebel
900
5
Jan
23
300
3%
3%
5
„1
common
28%
28
"3%
Electric
&
3474
60
3474
Co.——r;
:
^_100
C6_——
Tractor
Gas
100
16%
Detroit Gray Iron
46 Va
46 Vb
505
*
Feb
Mar
COMMERCIAL & FINANCIAL CHRONICLE
THE
1684
24, 1944
Monday, April
OTHER STOCK EXCHANGES
RANGE
a33%
a33% a34%
167
Gulf
Texas
al4Va a 14 Va
75
a78% a78%
124
Associated Oil Co_— III 10
a 108%
Aircraft
.United
__10
Corp.,
a43% a433/4
Rubber Co
—
Inc—__—
Telegraph Co_
Western Union
a43%
"--5
Warner Bros Pictures,
Willys-Overland Motors Inc
Woolworth Company (F W)
Feb
78 Va
Apr
Lone
-10
a
44
Mar
479
51% Mar
Jan
14
Pitts
San
Mar
35
42%
Feb
93
Feb
95
Mar
7%
Feb
9
355
f
'
' L''
V
■
7
37%
Friday
V
A'
'
■
_
6%
37
Budd
Pub Co
Battery
Motors
General
Navigation
Coal &
Lehigh
»
01%
*
*
——10
•
common
Electric Storage
Pennroad Corp
Penna
Manufacturing——_—-50
*
preference common——'l
*
163
Salt
$1
preferred
4.4%
Elec
Insulated
3
—i
50
——50
Reading Co common
Steel
Scott
Sun
Paper
common—
Oil-:
*
—
Mar
759
39%
1,351
51%
6%
*
Apr
Jan
43
10
5%
Feb
3,590
29%
2,822
26
Jan
38
162
Mar
166
4,232
19%
Feb
22
Jan
24%
3,558
23%
Jan
25%
116%
Jan
118%
5%
Jan
31% Mar
34 Va
21%
15"%
Apr
16 Vi
.
.
25 Va
Jan
Jan
20
Jan
36%
Jan
9%
39Va
9%
30
8%
Feb
39%
123
38 Va
Jan
43
57%
510
54%
Apr
60%
Jan
16
10
30
30
29%
Apr
%
Jan
%
%
400
lVa
1%
1%
1%
843
31%
32%
191
1%
12,276
18%
26%
107
;
1%
17%
25%
18%
26%
Mar
—_——.
40
Electric Co
Bottling common
Columbia
Dr
Brew
common
1
Pepper
Electric
Brew
preferred
Monarch
Knapp
2%
Jan
Laclede
Steel
Apr
Landis
27
Feb
Midwest
8%
8 Va
'
'
Jan
4 Va
Feb
16%
Jan
17
15%
15%
605
14 Va
Feb
15%
100
104
18
40
104
Apr
105
Feb
3A
100
12
Jan
15
Apr
50
28
Feb
31%
Apr
8
Mar
14%
*
7%
7%
192
6%
Jan
37%
37%
373
35%
Jan
10 Vi
5%
37%
5%
50
5
Api-
13 Vi
420
13
Apr
200
common
Louis
Pub
A
13 V4
13%
186
13
38%
40%
'386
32
Jan
common.
—
1
5
common—
2%
9%
V—
19%
10%
common——.—
Securities Inv
IlOO
preferred
1
Electric
—
10
—15
common
'
—' '
33
St.
Feb
St
Apr
CANADIAN
FOR
Louis
Car
25-year
33%
ENDING
96
96
w—
APRIL
'
...
1964
inc,
Copper
Ltd
Aluminium
Co.
Aluminum
.
2%
2%
6,500
2%
28
30
2,285
100
27%
12%
6,935
1.10
16
5%
90
91
98
98
pfd._100
18c
92
98%
Ltd
___
Astoria
Mines
5.90
85c
13c
14c
3,700
36c 36%c
3,000
37c
28c
Apr
37c
Apr
18C
18c 20%c
8,700
_1
J2c
12c
13c
150
150
68
230
230
123
10%e
Brown
i,
23c
Feb
16c
Jan
Bread
Canada
Cement
Preferred
'—100
Motor
preferred—100
stamped
Canada
Northern
Canada
Packers
Canada
Power
Canadian
Jan
Breweries
Gold
Jan
13c
Feb
16 Va Mar
3 V4
25
2%
Apr
4V4 Mar
Preferred
Canadian
& Dock
85c
Mar
Industrial
Canadian
Canadian
Oils
100
152
151
153
309
151
Apr
157
Jan
Canadian
55C
55c
55C
37
Jan
Canadian
Jan
Cariboo
26 %c 28 %C
21%
20%
1
_•
Corp
1.10
I_I_1
75C
*
Gold
23%
*
class A
Ofl
Mines
Jan
17
12,800
Jan
1.00
67c
21
1687.
Gold
Jan
6%
Jan
7'A
Apr
—
—
106
35
104%
Feb
107%
Apr
106
14
104 "/a Mar
106
Apr
55
104%
104% Apr
104% 104%
45 45%
__
8
8
96
96
'
46
Feb
Feb
8% Feb
200
Apr
90
Jan
99
Mar
12
152
8
5
96
151 %
„
43'A Jan
90
'
Apr
145
Jan
153
Mar
10 Vt
370
9%
33 Va
205
31'A
21
21
215
18%
130 131V4
20
Jan
12% Mar
Jan
35'A
Jan
21
—
Apr
136
Mar
6%
42'A
9V*
129% Mar
6%
7%
42
42%
95
40%
Jan
9>A
■
9V4
110
8Va
Jan
5
2,725
-
24
23%
24
Feb
13 Vt
13%
8% Mar
45
97/a
145
Mar
Jan
14
Mar
12
8
9%
65
24%
Jan
28
38
345
35 %
Jan
39%
145'A
145'A
17
__
645
144
85
15
Jan
44
Mar
*
5%
5%
44
46
62
7,700
*
Quartz Mining
65c
„
10%
,
•
5Va
285
60c
65c
18%
18%
137
10%
2,610
19
19
55
60c
25
.10 Va
27
5
137
__
__
Feb
20
51
*
Apr
195
147
17 "A
50
__
1
__
1.65
1.65
200
1
__
95c
95c
1.72
1.70
1.75
11c
11c 12%c
Jan
Jan
Mar
Apr
Feb
Feb
Mar
Feb
150'A Mar
17% Mar
52
Apr
6'A Mar
47
Apr
80c
Jan
21%
Jan
138
Apr
-ih
12'A
Feb
»
19
Apr
10 Va Jan
..,.18% Feb
3,850
1
18%
.,133
2,025
._1
Feb
24
26
*
Mar
22% Jan
.'100
13'A
Jan
8%
28 %c
Apr
Central
Patricia
6,100
Porcupine Mines—
Trethewey Mines
:
J. 1.J55 Mar
1.90
Jan
Gold
Mines
90c
1.62
Mar
Jan
1.15
1.92
Feb
Feb
8%c Jan
13c
Jan
Mar
17c
Jan
48c
Chestervllle Larder Lake Gold Mines—1;—1.27—1/25
1.38 ^
12,058
-1.25
Jan
Chromium
1.35
1.35
130
1.27
Apr
Feb
—1.72
22%
Jan
25
Apr
Circle
13
15
Apr
13%
Feb
Apr
24%
Jan
Cochenour
1.80
13
1.90
14,300
1.80
Apr
2.08
Jan
Apr
Cockshutt
12
12 Vt
400
11%
Jan
12%
Jan
12 Va Mar
Jan
"24% Mar
Chemical
Research
12
445
2,116 "
1,175
21
24%
5
22
20%
21
265
20%
3
30
1.05
1.12
30,450
69c
Jan
1.18
Apr
Coin
75C
8,600
70c
Mar
93c
Jan
Commonwealth
73C
6%
885
2.24 Mar
25c
Apr
Feb
11%
7
10
_25
Castle
2i%
Feb
8
Boxes
Jan
22
23
Ry
10%c
Mar
2% Mar
3
6C
6c
6 %C
1,672
6c
Apr
8Vac Feb
3.80
3.55
3.80
2,800
3.55
Jan
4.35
Jan
Corp
_1
Mining & Smelting
Bar
*
Knitting
Willans
Plow
Gold
1.82
•
1
Petroleum
*
5
Mines
•
■
28%c
__
i
Mines
Co
Mines
Coniaurum
__
__
*
Lake
Coniagas
/
For footnotes see page
Pacific
Wirebound
24
11%.
21%'
Apr
5
33 Va
*
Central
•
Apr
20c
10
100
6%c Mar
20c
1.82
2,400
36
common
Preferred
24%
12
Packers—
37c
2.45
3
Ltd—
Power
Apr
—
25 %
Malartic Gold Mines-:
Canadian
Apr
1
106
20c
*
Jan
75
104%
2,750
9% Feb
8
Locomotive
Apr
6,700
10
7%
Jan
Apr
36
Alcohol A
30
1.70 Mar
47,900
5%
6%
High
9% Jan'
17
8%
33'/a
*
113
21
20c
Jan
25 %
Co
Apr
8%c
1.85
20c
5%
15 %
•
Products
Jan
8c
1.82
5%cMar
100
,——'
Dredge
Canadian Food
Canadian
21
Apr
•
common
113
43 % c 47 % c
Apr
98
25
Celanese
15
45c
1,100
*
preferred
110
8%C
8%
20
,
1
4,415
t
8%
•
30
l
240
•
113
10
97
Range Since January 1
5,000
16%
*
common
Canadian Car & Foundry common
Apr
55c
Mai
66% Apr
Low
6%c
*
.common
1.80
100
35
Sales
*
100
Commerce
preferred
Conv preferred
New
3 V4
of
Canners
Canadian
21%
Feb
Mar
50
1st
Mar
10c
1.75
100
common
Preferred
Mar
Jan
*
—
________r
Bank
Canadian
3
13%
1.78
Jan
92
63
Shares
16Vt
—
—
Ltd
Wire & Cable class B_
236
36c
_„*
—
Steamship Lines
157
98,780
Jan
for Week
5%c
104%
—
Co_„
Permanent Mortgage
Preferred
Apr
Jan
&
Malting
Jan
80
82c
Apr
High
•
common
Canada
Canada
._*
common
■,
Canada Car
230
100
70c
Week's
—
AA—1
Oils, Ltd
Canada
113
1
___*_x
Ankerite
Apr
5,100
80c
Feb
10%
97V.
800
6,100
Low
—
Calgary & Edmonton Corp Ltd—_>—*
Calmont
150
2%
Apr
10%
Feb
31
$1,000
98
66%
Range
I6V4
*
29%
l
.•
Porcupine Mines, Ltd_
Oil
Buffalo
12c
98
Jan
9
220
__
»
*
*
Ltd
Brewing, preferred
Dominion
n%c Jan
2-%
3%
Brazilian Traction Light & Pwr com—*
British American Oil
_•
Broulan
Jan
14%
H%
1
4.15
14%
2%
*
Jan
10%C 11%C
*
*
Gold Mines
Steel
Canadian
10,500
150
3.20
Apr
9 Va
Jan
4,300
'■
British
Jan
32,700
Mines
Columbia
53c
37c
—*
Class B
i1
Jan
3,60
—
Columbia
Apr
28c
Bobjo Mines Ltd
Bonetal Gold Mines
British
Mar
1.01
18c
3.50
common
Burlington
Canada
t
Jan
Feb
32c
Mining———
Mines,
'li
55c
Apr
preferred
British
',
6,500
24c
1
Kirkland
6.75 Mar
4%c Jan
Bell Telephone of Canada
Bralorne
90c
12c
—:
Beattie Gold Mines
Apr/
8%c Jan
Beatty Bros class "A"
Top
Apr
58%c
715
4,000
Exploration & Radium
Rldgood
70c
14,850
43,550
Bathurst Power & Paper class A
Blue
1
70c
6.10
100
River
Feb
65c
6c
100
Berens
Jan
20c
Toronto
2nd
Jan
99%
18c
Montreal
Bear
99
1
5%c
of
B
Jan
Jan
5%c
of
Class
Apr
18 %c
Bank
Bread
20c
II—III
Mines
Metals
(
9c
Bank
Base
;
88
13 %c
Bankfield Cons Mines
Barkers
Jan
1
Quebec Mines
Bagamac
1.79 Mar
96
36 %c
.
Gold
Gold
16% Mar
Jari
160
■
Aumaque Gold Mines
Aunor
1
Jan
Jan
Jan
■
Gold Mining.———i—
Ashley
3V4
36 Vt
Apr
Jan '
155
5.90
85c
Aquarius Gold MinesArjon Gold Mines
Armistice
15c
8,150
67c
;
'
Huronian
'
6.00
Anglo Canadian Oil
Anglo
«
98
of Prices
Sale Price
Products Ltd
Preferred
17c
18C
•
Canada
1.40
1.42
16
1.57
Mar
High
Low
28
_•
—
common
of
Range since January 1
2%
Jan
12
21
Canadian
Building
*
Agnew-Surpass Shoe common—___.*
Ajax Oil & Gas—
—1
1
Aldermac
Buffalo
100
10
20
Jan
77
.
96
98
66 %
mtge 5s____ 1959
1st
Last
Shares
Feb
Apr
Mar
9 Va
MARKETS
LISTED
WEEK
donv
1945
extended—
6s
Louis Pub Serv
STOCKS—
High
Apr
10
-
205
10%
10%
33
Mar
3
20
..
r,
98
98
10
44
17
1,027
10%
10 Vi
Feb
14
,
5
24
9%
20
10%
—
2% Mar
375
3
Jan
Apr
17% Feb
Jan
16
50
Jan
6
16%
Bonds—
5 V4 Mar
for Week
Low
■
11% Mar
17
Feb
40%
•
s
Steel
Wagner
17
com___ 1—3
Bldg Equipt
Serv
Inc
17
17
II25
Candy common—
-
Feb
12
17
:v
Par
of Prices
Sale Price
Par
37% Mar
Feb
10
95
7
17
17
«
Cement
Portland
13
13
25
Sterling Aluminum common
Sales
Range
14
31
Jan
10 Vi
Funds
Last
Apr
12»A Apr
19% Mar
5
200
31
common
Exchange
Week's
24
r
Jan
12 Vi
18 Vt
18 Vi
104
104
<■
0
Piping & Supply
Bank
9 Va Mar
7%
80
400
4%
11%
Apr
Apr
5% Mar
27% Mar
Apr
17
4'A
Feb
23
80
24
12%
—1
Stix, Baer & Fuller common
High
24%
16%
■
■.
'"I
•
Range since January 1
100
5%
5%
24
24
Prod
Clay
Louis
Scullin
Low
25
Apr
—
Scruggs-V-B
High
24%
5 Vt
common—
St
"
150
Machine common——
18 %
.
47'A
30
common—
Laclede-Christy
Shares
Apr
Feb
com— IIl5
20
common——
Jan
Jan
46%
23%
Jan
1% Mar
36%
15
20
90
common...
International Shoe
7Va Mar
Jan
47 Vi
30
"IlOO
—
6'A
no
High
.
47 Vi
Hussmann-Ligonier common—
Apr
22% Feb
Brew
Low
High
7
1
Range since January
Shares
2SVi
5
_
common—
1% Mar
:
7
7
common-—.
Falstaff
for Week
1
—1
Apr
2
Jan
31%
Low
f
Emerson
for Week
Low
Friday
—
593
—50
—
Jan
%
Sales
Range
—
common—
Va Mar
Sales
sk's
Range
10
Coca-Cola
Apr
31
1% Mar
225
Week's
of Prices
Canadian
Power
9 % Mar
25
1871
of Prices
Friday
Power &
Apr
Phone
.—1
preferred
Century
Feb
56%
5%
Burkart Manufacturing common-
10 Va Mar
Toronto Stock
preferred
Feb
CEntral 7600
Sale Price
American Inv common
30% Mar
131
RANGE
6%
22%
Bell Teletype SL
Par
30% Mar
1
Abitibi
6%
21'A
Feb
..
Last
Apr
60
32%
.
STOCKS-
7c
St., St. Louis 2, Missouri
Friday
STOCKS—
Feb
30
180
27 Va
__
—_—
Jan
St. Louis
Jan
30 Va Mar
30
*
Duquesne Brewing
,
21%
Feb
4%
85
—
2c
Mar
36%
30%
__
5 % Mar
21,500
8
7%
■-•
North 4th
Feb
43
1%
•
——1
Feb
*
common
Apr
Feb
185
6c
4%
75
New York Curb Exchange Associate
6% Mar
Par
Electric
5c
Va
7% Mar
85
Sale Price
Co
Apr
50
Feb
5%
5%
Last
Gas &
1%
Feb
59% Mar
Friday
Columbia
1 Va Mar
Feb
278
5
Ch lcago Board of Trade
Associate Member Chicago Mercantile Exchange
Pittsburgh Stock Exchange
Blaw-Knox
Jan
1%
41
130
Chicago Stock Exch.
St
■
50c
713
200
Apr
Members
Missouri
Allegheny Ludlum Steel—
7%
1%
5 Va
6c
»
National
STOCKS—
8% Mar
Jan
St. Louis Stock Exchange
Mar
Jan
32%
20
Westmoreland Coal
5
14
86
Feb
%
—10
—
Jan
Jan
1%
1%
common
Westmoreland Inc
78%
8%
—
preferred—,——25
*
$3 preferred
—
———*
United Gas Improvement————„*
Corp
Apr
6%
'
New York Stock Exchange
Griesedieck-West
Invest Corp
United
7%
653
50
Established
Jan
-
,
Tacony-Palrrvyra Bridge—
Class A
participating—
*
Tonopah Mining —————,-1
Transit
277
7>A
9%
39Va
.*'',
——
——
Jan
36%
29%
17%
Springs
Westinghouse Air Brake
21% Mar
5%
4%
__
2nd
mini
159% Mar
18 % Mar
29%
preferred
:i
preferred ———^——50
Salt Dome Oil Corp
1
.1st
156 .Jan
86
198
35
23%
„
'1,847
95c
50
•
,-r
—
300
922
116% 118
32Va 32%
15% 16 V4
28% 29
17 Va 18
16%
90c
,
1%
Jan
163
163
19 % 20%
,
„
Wire-.
Corporation
Philco
.
Corp—
High
16%
Jan
28%
__
pfd——
i——*
Pow 8%
Phila
Phila
;
14%
1,332
23%
100
25
__————
50
5%
5%
20 %
'
•
50
Feb
104
Jan
Edward D. Jones & Co.
6%
5%
5%
28%
Philadelphia Electric Co common
-I'
—
«
Range since January 1
6%.
—
__
1
50
,
—
Pennsylvania RR
Bolt
&
v
High
5%
5%
39% 40%
56% 58%
9
" 9%
—
40%
56%
Lehigh Valley RR—
.——50
National Power & Light-.
.——*
»
Corpu—
High
11 Vi Mar
Jan
39% Mar
Jan
Low
6%
6%
81% 83%
—
—-5
Chrysler Corp
Curtis
—
7%.
101
St. Louis Listed and Unlisted Securities
Shares
15% 15%
157% 158%
19
19%
15%
157%
——•
__—100
13
(E G) Mfg Co common——
*
—
Works v t c
8%
7%
___-Ai—_—______
for Week
Range
of Prices
Low
Tel & Tel
American
Baldwin Locomotive
Sales
Week's
' .Last
Sale Price
Par
American Stores
7%
7%
common
Toy Mining
Philadelphia Stock Exchange
STOCKS—
8%
10
.
16 Va
10
33
Apr
a37% a38%
Low
16'A
*
Brewing
Screw
Standard
47% Mar
80
16'A
10
—
Range since January 1
High
*
53% Mar
12
A—
Shares
102% 102%
IIII100
Supply——.
Fireproofing
Preferred
47% Mar
Refrac.—__—
Gas
Fuel
Pittsburgh
282
7%
1
—
National
a453/4 a46%
a947/a a95l%
a45%
-50
Star
Mountain
Low
•
preferred—AL
Co
Koppers
Feb
215
12
12
_100
Westinghouse Elec & Mfg CO——
14%
78%
175
at>0% a51%
United States Steel Corp
Jan
36
102%
Walker
Harbison
13%
of Prices
Par
160
a26% a27%
a
a23%
5
Lines Transport—
Air
United
High
146
a22% a24 %
—5
Pacific Railroad Company- _100
Union
S
a78%
Carbon Corp—
Carbide &
Union
U
Sulphur Co
Water
Low
Sales
for Week
Range
Sale Price
STOCKS—
Range Since January 1
High
Low
*
Week's
Last
Shares
Par
Tide
21
APRIL
for Week
Sale Price
i
ENDING
Friday
Range
of Prices
Last
STOCKS—
WEEK
Sales
Week's
Friday
FOR
„
■
30c
1,100
•
22c
20c
22c
22,700
30c
30c
30c
-200
—
__
13
Feb
1.65 Mar
Feb
15%c Jan
28c
Feb
Feb
33c
Mar
Apr
1.42
Jan
Apr
1.70
Jan
29c
1.15
1.15
250
1.15
1.40
1.48
3,800
1.40
Volume
THE COMMERCIAL & FINANCIAL
1 Number 4275
159
CANADIAN
RANGE
Friday
Week's
Last
APRIL
Shares
Consolidated
High
Lota
120
15
Feb
Red
Lake
Gold
McMarmac
Red
41
395
132 134%
87
128
Jan
Jan
McVittie
86
10
84
Mar
91
Feb
McWatters
13c
500
12c
Mar
18c
Jan
Mercury Mills
89e
500
70c
Jan
Feb
Mid-Continental
40
*
4-—&?ft
86
38%
42% Mar
Jan
134 Va
Mines
1
42C
l
12c
Gold
4c
Petroleum
Delnite
—il*
lli'l
—
Mines
Distillers Corp—Seagrams common
Mines
Dome
Dominion
29%
43
10,000
15
& Steel com
Steel
2a
iw,
22%
7%
Apr
Apr
86
Apr
Moneta
163
Mar
965
43
Apr
49c
33,500
55c
Apr
13c
15,900
7c
Jan
16c
Mar
7,300
15c
Mar
24c
Jan
7%
130
21%
23% Mar
Apr
355
7%
Feb
9%
9%
"10
1,262
9%
Jan
11
9
9'%
1,075
7%
Jan
10
Mar
—100
105
105
105
10
Apr
106
4%
20
17
17%
200
20c
22c
15,500
Muirheads
Feb
4%
Corp
—
Worsteds
&
Woollens
com,-*
17
—-20
——
Duquesne. Mining
Oil
104
3%
*
i
---•
.
21c
8%c
8%C
9%c
5,300
1.70
l.o6
1.70
10,500
8
8
400
9c
34
12 %c
2.00
Jan
National
Cafeteria
Grocers
Preferred
Ltd
Aircraft
Co
31%.
Pipe
A
4
National Steel Car
Jan
Jan
Mar
Negus
Sewer
Gatineau
Jan
8
Mar
19%c
Jan
53c
Mar
1.80 Mar
2.15
Jan
21c
Feb
24c
3
Jan
5% Apr
83% Feb
Mar
74Va
Jan
40c
3,600
36c
Mar
47c
Feb
18%
2,275
18%
Apr
22 %
Feb
52%
53%
410
46%
Jan
53 »/a Mar
Nipissing
—_i„
Jan
34
Mining
3.90
Jan
Northern
Canada
26
Feb
Nortn Star Oil common.
32
Feb
Jan
3?/4
45
5%
Feb'
J an
7%c Mar
15%
42c
43 Vic
44c
3%
23%
15 %
Apr
33c
Jan
8,750
Jan
Jan
15% Mar
:•
O'Brien
Gold
Omega
^4
:89
430
12 V2
465
Mar
48c
9% Mar
Feb
8%
Ltd
Mines..
28»/4
Apr
20
Feb
Feb
840
13%
Jan
15%
Jan
35,800
59J/2c
Jan
86Vic
Jan
338
56
3.840
48%
8c
1,500
4'Ac
13 %C
17c
105,600
70c
71c
3,800
68c
45c
16c
50C
2,000
/ 45c
47C
—*
2%
5
1,630
5
5%
5%
200
—
Mar
14%
2.15
•
—*
Car
Mines
Gold
1.72
1.61
1.75
20,850
___1
28c
30c
6,925
*
5
5
25
3%c
3 %C
3%c
1.000
89c
87C
92c
52,100
95
95
40
1.15
1.20
5,210
,_i
Mines
&
Aircraft
Pacalta Oils
*
Pacific Oil &
Page
Refining..:
Hersey
Pamotir
12
Feb
18
1.89
Jan
4%c
Feb
56
Apr
11 %c
Jan
Jan
Apr
87c
Jan
Apr
69c
Feb
Jan
5
Apr
Jan
V2
17c
Mar
1.20
4
2.80
Jan
Jan
5 ■% Mar
1.37
Jan
Tubes..*
Porcupine
Partanen
*
Mines
Malartic
Gold
Ltd
Mines
1.95
25%cMar
5
Apr
53c
Jan
Apr
Feb
25
Jan.
15
.
88
8%-
4
125
995
,
'
—8%
common——
3%
24%
15%
4%c Jan
27%
10
Jan
88
Feb
75
330
18
8c
1
;
Corp
_J
Preferred
28
2.12
__x
—
Noi"gold Mines
12
53%
55%
___•.
Apr
Apr
_.„g
u
—
2.00 Mar
Jan
73c79%C
77C
Mines
Feb
9'%
13%
Noranda Mines
Nordon Oil
1.65
395
18
Mines
9
10
11 Vs
27%
27%
1.90
11
——
27
5,600
23%
23%
15 %1
*
Mines—-——
Power
30
6
19%
——
Apr
500
4
i
77%
6%c
3%
*
—a
Co
Francoeur Gold
76
25
Mar
1.90
'20
National
23% Mar
540
6c
—
Canada class A—.
of
76
38C
common.
■
Ottawa
Ford
76
19
:•
5%
4%
common
Co
3.05
70
77
6c
—1
Mining—
24%
31
—.100
—
—
Fleet
500
52%
29
700
4
_*
class A common—.
Kirkland
Foundation
1,300
c
38c
—1
common.
Feb
26 %c Mar
8%c Apr
90
3|50
24
31%
;34
3.35
——*
Famous Players Canadian—
—*
Fanny Farmer Candy t>nops——t
1
Falconbridge Nickel Mines
Preferred
27,300
22c
5%
.100
^
Power.—"
Norinetal
Easy
Federal
44c
1.93
22
.100
—
Apr.
18
Jan
1.66
Jan
5%
Jan
8
Washing Machine-.
——*
Economic Investsment Trusts _——25
8%
Jan
11
1
Co_—;
Malartic Mines
Federal Grain
41c
1.81
40c
Feb
y
common_^_.^^l,_
Porcupine
Light Heat &
Moore
43c
1.85
Montreal
»■
Jan
5%c Jan
7
—1
——
Jan
43
'
Gas—
—
.
Oils
Monarch Knitting
Preferred
—*
B
——
&
Preferred
Crest
21%
7%
•
Corp
Model
Chemical -common—*
class
Stores
Preferred
22
Mining
Jan
86
2
43
com—*
Mar
&
1.56
Jan
18c
41c
7%
—
Oil
High
1.35 Mar
3%c
12c
Mines—*
155
10
86
Tar
Eastern
42
25 % Mar
160
Dominion
East
33% Mar
1,958
86
Dominion
Dominion
320
27
160
—
Foundries
Dominion
37 %
25%
25%
—i—ixuu
Investment
Bank
Dominion
36%
*
—-/
———100
Anglo
Preferred
Dominiofi
1.02
Low
2,500
4c
1
Davies
Range since January 1
17c
Mihes~
Gold
4c
1,38
Shares
High
1.35
1.37
1
Lake
Graham
Low
1
—
Mines
13c
40
134%
&
of Prices
Par
McKenzie
Sales
for Week
Range
Sale Frice
High
15%
Jan
89c
Smelting——.5
(Toronto)———r_'_100
Mining
Week's
Last
-
15
15
Corrugated Box preferred
X
8TOCKS—
Range Since January I
McLellan
Consumers Gas
21
for Week
Loio
Bakeries
MARKETS
ENDING
Friday
Range
Par
Consolidated
LISTED
WEEK
16S5--
Sales
of Prices
Sale Price
STOCKS—
FOR
CHRONICLE
5>/a Mar
4%c Mar
3c
Jan
68c
Jan
95
Feb
1.07
Jan
Mar
99
1.15 Mar
1.45
Jan
89
Mines——„—1
Giant •Yellowknife Gold
2.80
934c
93/4
-1
Mines—--—
Gold
Gienora
3.70
—1
Gold
Gillies Lake-Porcupine
1214;:
84
Jan
90
Jan
11%
Feb
13
_1
5%C
5C
6c
16,000
3%c
Jan
7Vac Jan
1
34c
32 %C
35c
19,100
28c
Jan
43c
1
85c
85c
90c
5,350
83c
Apr
1.15
Jan
1
2.04
2.02
2.08
2,615
1
2.15
2.15
2.20
940
1
1.45
1.45
1.55
1,400
1.36
1.43
3,000
Mar
3170
44.810
1.99 Mar
C
lie
24,900
5c
ac
—
.
55
Paymaster Cons Mines Ltd
Perron
preferred ——.————100
_——*
5 %.
General Steel Wares—
4%c
5,000
3.70
Apr
12 %c Mar
Jan
Mines..—
Pickle-Crow
Pioneer
Gold
Gold
Mines
Mines of B
C
Powell
Lake
God's
—-—*
17c
1634c 17 %C
10,767
—-1
Ltd
Mines
18%c
18 %c 19. V2C
6,100
Goldale Mine
15c
22%c
10c
16,500
2 %C
2%c
1,000
I %c
Jan
89
•89
40
84%
Feb
53
52 34
53%
144
Mines——-1
3 V4C
preferred--—*
—
20%
Apr
i—1
T—
Mining Co..———
9c
1
15c
7%c Mar
Rouyn Gold
Voting trust.
Jan
21 %c
Jan
8%c
Mining
uate
uoiuen
Goodfish
16%cMar
Power
Corp.
of Canada———*
—
—
Graham
Gold
Paper vtc
Bousquet
Lakes
Great
Preferred
————
Gold
Gunnar
* /■
—.
Ltd
Mines
Alabastine.
&
Gypsum
Lime
Halcrow
Swayze
Gold
Mining Co.
Preston
Last
Duuie
Jan
Proprietary
Mines
Airways
5%c
20%
Apr
24.
30
19%
Jan
24
Jan
25
36
Feb
47
6,400
17c
Jan
20c
Jan
Reno
Jan
6 3/4
6%
•
Mar
1
Gold
Halliwell
Mines
6c
1
—
1
—
*
205
6%
7V8
Jan
Quemont
Mining
Gold
Rock
Harker
Gold
Gold
Mines...
9%c Mar
Roche Long Lac
Royal Bank of Canada
Royalite Oil Co—
2%c Jan
5%c Mar
Russell
4%c
3.10
650
2.75
Apr
5%
210
5%
Feb
6
4%
Jan
5'%
Feb
St
1.29
Jan
St Lawrence Corp
9c
Feb
75c
Feb
5
3V4
100
85Vic
95c
23,320
1
oc
6C
6c
7,500
53c
55c
2,900
41c
3.85
4%c Jan
—1
—————
Gold
Mascot
Mines—.—
1
Oil
Home
,
Gold
Hudson
85c
Apr
,
Jan
20%
Erie
paid
class
3.35
3.45
Jan
1,000
26c
125
•
—i
!
28 %
28%
14%
——
68c
Bank
Imperial
Oil
Industries
Preierred
of
Canada—
Class
San
3.30
Jan
3.70 Mar
Jan
Gold
Preferred
Feb
A
preferred
International
Sherritt-Gordon
26% Mar
30 y2
Jan
Sigma
11
Mar
14'A
Apr
Snverwoods
72
Jan
79 % Mar
100
13
13
168
11%
Jan
13
Nickei
168
168
168
90
12%
13%
4,026
12%
Apr
11%'
161
Apr
169'% Mar
Jan
11%
560
10%
7
60
6%
Jan
54 %c
14%
Jan
7
Jan
12 y4 Mar
7J%
Feb
55c
55c
2,900
Feb
61c
18%
18%
19
490
15
Jan
20% Mar
100
100
100
161
99
Jan
Jason
J,
M.
20V»
25c
Co———
105
Mines
12
21
136
25 »A
275
250
44
4c
Gold
Mines—
103
Feb
Apr
103
Mar
Ken-naaison
—
Mines
uoia
Li
*
Mar
Steel
31
Jan
20
25c
100
834c
11,100
20c
23
.
-r~
Mar
5C
«
V.
r
j
3c
500
32c.
4,500
23c '
5c
3,000
4%C Mar
2%c
2%C
3c
1%C
2,000
Apr"-' "
.1
ri' -'
Jari0 t J
'
'■>
Jan."'^
15%
15%
20
9.30
9.15
9.50
9.421
30c
33c
3,400
30c
Apr
94c
98c
1,900
9oc
Jan
1
31c
Kirkland
1
95c
Lake
Labrador
Lake
Mining & Exploration,,
Dufault
Lake
Shore
Lamaque
Lapa
———
Mines
Cadillac
Gold
Secord
Leber Oro
Little
Mines
Mines,
B
Macassa
—
Red
Malartic
Ltd
•
1.20
—.
1,37
46,500
16
135
6.15
6.15
12c
15c
14
14%
A—
1,10
•
95c
•
Ltd
.1
Mines
—
1
3C,
1.03
30c
,10c
95c
Jan
Jan
Apr
Steep
of
Sturgeon
Sud
Jan
Supersilk
Jan
Class
3.50
Jan
3.95
Feb
5%c
Jan
7,500
5c
Mar
7c
Feb
6,200
34c
Mar
50c
Jan
13%
14
20
5c
5%C
9,500
2Vac
65c
67c
9,255
65c
10 y4
10%
10
8%
13%
16
Apr
Jan
6c
Mar
8.75
Feb
8%
79c
Apr
Jan
Feb
Jan
11 Va Mar
8%
73
32
32
50
25
Jan
38
Mar
13%
19
451
13
Jan
,19
Apr
110
Mar
9Va
Jan
107
10
44c
42c 45V2c
7,800
42c
Feb
66c
55c
52c
58c
4,475
52c
Apr
77c
Jan
3%c
3%c
7,000
3 Vac
Jan
5
Mar
1.12
17,550
S5c
Jan
107
105%
Jan
1.10
\3%c
V 1.05'
Jan
1.20 Mar
4%
800
2%
Jan
12%
13
280
10%
Jan
8%
8Va
740
5
24%
24%
100
8%
Gold
Vi
-
4 Vs
13
8'/i
Apr
Apr
Apr
23%
Feb
27
—*
64
64
10
61
Jan
65
Feb
71
71
25
68%
Jan
72
Mar
2.19
2.40
84.735
2.04
Jan
2.40
Apr
17Vic 17 %c
3,000
2.30
325
*
2.40
1
Mines—.
17 %c
2.30
—
17c
7 y4c
10.500
4%c
1.78
7,850
1.60
•.*
3%
3%
109
————————100
3%
3%
1.96
2.14
classs
A
Ltd
Jan
Teck-Hughes Gold Mines
Feb
Texas
2.14
1
,
'6c
Jan
Jan
20c
2.35
Mar
Jan
Apr
7Vi Mar
1.84
Apr
Feb
3
Jan
5
8
3V2
Apr
3V2
Apr
3,550
1.96
Apr
2.47
Jan
Apr
Fen
t
1.72"
.1
Mar
2,05 Mar
167
1
—j.——
Mines......:
Hosiery
B
Jan
25
10'
1.17
Tamblyn
Ltd
common.,
Canadian
15
16
120
Feb
16
Jan
3.25
3.30
6.533
3.25
Jan
3.85
Jan
.......5
1.20
1.20
203
1.05
Feb
1.25
1
90c
90c
500
Apr
1.15
28
80
1•
:
Mines—
Toronto
Elevators
common—
Toronto
Mortgage
Co
Jan
1.43
Apr
Jan
17%
Jan
3.30
.1.
Oil....—.:
Apr
6.45
Apr
28
*
15
90c
28
Apr
Apr
Jan
30
Jan
88
Mar
50
86
86
27
Co
T__—.1
16 %C
17c
1,075
15c
Mar
19Vac
Jan
,*
47c
44c
47c
16,000
40c
Mar
52c
Jan
—•
7%
Exploration
Towagmac
15c
Apr
Union
14%
Feb
United
Corp
A
Fuel
class
United
Oils
1.03
90c
Jan
6V2C
Jan
Apr
1.27
Jan
Jan
1.24
Jan
Feb
25 >A
■V
24 y2
Apr
Gas
A
1,624
25 '/4
100
35
65
6C
1,000
4
4
250
34%.
—50
—,
*
...——
7%
25
*
......
V/s
5l/aC
Co
United Steel
3.60
1,105
3.40
Jan
2.25
4,458
2.16
Apr
1.60
3.35
1.78
1.86
8,300
3.40
3.70
32.950
1%C
1%c
5,000
;_20
3.95
100
—
225
50
10
7Va
659
14
228
8'/a
8%
701
7%
315
295
...20%
.
21
Exploration—
Mines
„
56
104
106
50
5Vac
*
.-,5
7%
6%
106
page
1687,
•5V4c Mar
3%
Feb
7c
5
Jan
Feb
Mar
Apr
2.33
2.25
2.45
12,450
1.96
Jan
2.55
Apr
6.95
6.80
7.00
6,775
6.00
Jan
7.20
Apr
Jan
Jan
2.04
Feb
Jan
3.75
Jan
,.
10c
lie
35,900
19c
Jan
4.85
4.85
4.90
2,886
59
58%
59%
470
Oils
3c
Waite-Amulet
—1
—
Mines, Ltd
Walker-Gooderham
Preferred
&
Worts
com.
—
21%
395
24
21
—
24
Fire
Insurance
100
89%
10c
,4 50
Mar
Jan
55% Feb
50V2 Mar
1,300
85
267
21
Jan
Jan
15
Feb
Canada
Flour
Jan
10
Feb
Western
Grocers
common
7
Jan
West.ons
Ltd
15
Jan
Western
Mills
88
pfd—100
*•
9
.,6
.
38
•
Feb
2.55
l%c Mar
14
20%
8 % Mar
27 ya
Jan
4.95
63
Apr
Mar
21% Mar
26
Feb
.
5 Vb
•
Jan
Apr
32Va
1
...
' ; 93.
90
*
;
5V8
13
Apr
Feb
Feb
9Va
Jan
21%
Apr
6%
Apr
8%
Feb
—
5%c
500
55%
57 y8
1,190
16Vz
*
16%'
16%
105%
100
94V2 Mar
93
40
16%
665
105%
107
5
Apr
F°b
Mar
Jan
19%
common—
Preferred
Wiltsey-Coghlan Mines
102
5V2c
Mar
Apr
55% Mar
106
7c
61
Mar
Preferred
Wright-Hargreaves
T5'/ac
1
;
Winnipeg-Electric common-—*
common
6%
25
Ventures, Ltd.
Wellington
<1.
..12
*
•
5%
*
Jan
Upper Canada Mines Ltd.
Vermilata
3.55
1.82
—
80
Apr
Jan
2.16
'
2.16
...1
Jan
21%
3.50
:*
—
see
6c
41c
36c
~
common
common—
footnotes
2,355
3%
common
15%
22ya
if
For
3.70
»
'
Mines..—.
Jan
14
Porcupine
Feb
3.60
3V/2
1
Mines
Jan
2c
100
1
Preferred
Mclntyre
15
1
Mines..;
Cons
4c
170
'
Segur
Apr
Apr
10%
,___*
Iron
Contact
7J%c
401
12
McDougall
Jan
5c
2 %
13Va
_*
Basin
Sullivan
25
8%
Preferred
Jan
13%
....
River
Sudbury
Feb
24%
10
Frontenac
Feb
3c
66c
—*
Canada
Rock
Jan
24
■>
common,
Preferred
Preferred
Jan
199
% Mar
35
13%
—
Bros
Co
40c
24%
«
Massey-tiarris
19%
21Va Feb
26 Vi Mar
265 1 Mar
125
—*
6c
6,950
1
Fields—
Milling
142
Jan
32
Radio
Preferred
6'Ac
1.94
Apr
Jan
Jan
20
5'Ac
*
Petroleum.—
13%
1,000
1.10
95c
'24%
—*
:
Gold
3c
♦
McColl
5.90
500
Manitoba & Eastern Mines—
_
80c
/14V'8
105,500
14
Maple. Leaf Gardens
Maple: Leaf
1.65
270
13 %c
1
class
Lake
Gold
16,550
15%
1
—
MacLeod-Cocxsr.utt Gold Mines
Madsen
180
_i
——
Mines,
1.35
1.65
3
—
Groceterias
Class
1.79
.___—*
Long Lac Gold Mines Ltd
Loblaw
'Xy
11c
Apr
Mar
6c
1-
50c
v!
Jan'
7c
Jan
6c
Jan
134 ya
Jan
64c
2 Va
38C
1
Mines
United
Mines
Leitch'Gold
1
1
Candy
Laura
9.05
1.25
Jan 1
Transcontinental Resources
Ltd
Mines—.
Gold
14
Jan
75c
3.60
——1*
Mines
Mines—
Toburn Gold
1
Ltd..
Mines.
Ja'n ' A
15%
1
Kirkland-Hudson
Jan
Jan
38c
Apr
13%
preferred..*..—*
Sylvanite Gold Mines.
Kelvinator of Canada—
9.50
2%
Paving common
Stedman
110
5c
'
2.80 Mar
13%
2%
1
Preferred
Standard
Apr
Aprf
4c
1
Springer Sturgeon
3,035
20%
25
250'
.100
End
South
Mar
98%
3c
1
,
30c
500
—_—
Malartic
28
31c
1
1,550
8C
1
Gold
Dairies
Gold
108
25c
31c
1
4'/8c
Jan
8.55 Mar
'
Siscoe
Sladen
5
8%C
l
„
1,000
140
Ltd
Simpsons Ltd class A__
/. Class
B
7,018
28%
20
1
..Li
Mines,—
Consol
98 %
28
___•
Mines
Jellicoe
98%
108% 108 %
—
28%
5C
2.32
Jan
fit
Mining
Mines
Jacola
♦
B—1
claife
Utilities
,•
Walte
98V2
preferred_100
commuu—
Petroleum,..X—
International
International
Jack
100
—,
Milling 4%,
International
ll%c
5C
.**„_*
Shawkey Gold Mining
Jan
2
—i—————.1—_100
14,861
8c
Shawinigan Water & Power
4 % c
60
—
8,235
35c
138
Mining..—
33c
Apr
305
*
98c
30 %C
...—1
Mines
3%c Apr
75
1—1
91c
31c
10
common...,
Gold
River
29
A
common
500
20%
Senator Rouyn, Ltd—
Standard
International Metals
30c
..100
26c
13
Inspiration Min & Devel
Ja.n
30c
139
common—
...
Antonio
14%
11%
1.09
145
50
13
Imperial Tobacco of Canada ordinary_5
Inglis (John) Co_
6
Mar
50
8,210
20%
A
75
-100
89c
90c
*
Anthony Gold Mines
100
—
Jan
8.80
1
Preferred
Imperial
Feb
7 %
.
Apr
12%
Apr
Mar
II
4,430
3%C
2b'c
*
A
Mtge Corp
38c '
500
1,330
3%C
V
1
Bay Mining & Smelting
Huron-&
64c
11'%
2bc
*
-
————
Mines
Limited
Hunts
64c
I1 '4
1
—
Homstead Oil & Gas!
Howey
L-
IV%
3.35
i>
1.64
Mar
Mar
Sand
Iledley
Holnnger consolidated uoid Mines
Feb
6
2.54
100
———
b%
85c
——
Feb
Jan
1.24
90c
—1
5%c Mar
—_1
Mines-——
Mines—:
Hasaga Mines
.
70
30c
*
...
9,300
:ic
5
—,———*
Carpet
Harding
Hard
074
1.73
8.80
1
...
Co
2.95
3.10
—
Feb
1.26
X 2.45
*
—*
Queenston Gold Mines..
4c
1
common——-—*
Bridge
90c
i
......
T
Mines'
Hallnor
Hamilton
6%
6%
__i
Mines
4,000
J
Mines-
Jan
2.47
Apr
17c 19%c
19%c
2.26
Feb
5c
147
47
—
1
21j%
Premier
Jan
56%
3%c Apr
88
Jan
52% Mar
1,000
21%
X —'
"
Saddlery preferred—_50
West
Great
3%C
Jan
2.10 Mar
Jan
90
Prospectors
Goodyear Tire & Rubber common——*
Preferred
■—».————.——--50
1.84
Jan
Feb
5c
3%o Feb
Gold
—100
:
Mines
_•
•
---6
65
3.10
13c
...ft...
65
3.05
Apr
228,700
183
7%
Jan
265
69%
Apr
5,225
3.50
Jail
4 ]/ac
Jan
3.15
#
Mar
Jan
18c
18c
6'/4
67'/a
Ymir Yankee Girl Gold Mines
;
*.
4c
4c
4.00Q
3V2c Mar
& FINANCIAL CHRONICLE
THE COMMERCIAL
1686
FOR
WEEK
APRIL 21
ENDING
Week's
Last
Sale Price
STOCKS—
Week's
Range
Friday
Sales
for Week
Last
Shares
of Prices
Sale Price
STOCKS-
Range since January 1
Loin
High
Dalhousie
Oil
300'
1.85
Jan
1.00 Mar
1.10
6 '/b
4,929
5'%
Jan
7,900
31V2C
Jan
10
27 %
400
1.25
1.20
100
—
10
14
14
27%
15
15
*
4c
4c
50
.
1,500
Li
Osisko Lake Mines—.
1.31
—l
Mining
1,850
10c
2,500
3%
230
8%c
—
3%
3V2
Brewery
1.40
1.31
8%c
i
Metals—.
&
Mines
21,800
23c
2OV2C
22c
2%. Mar
1.40
6%
41c
Feb
Jan
Mar
Feb
18
Jan
Jan
12 Vb
24j/2
29
Mar
1.17 Mar
14
Jan
3.Vic Feb
—
Temiskaming
Walkerville
250
200
5%
pfd-
Co
Shoe
Oreille
Jan
35c 35 %c
Gas
&
Selections
Pend
Apr
10
36c
Co—-—
Construction
Oil
Foothills
Oil
9
Apr
1.10
Bridge Co—
Humberstone
Jan
8%
5%
—5
Corp
Paper
Steel
Disher
Dominion
—-
190
190
1
Co
Copper
Consolidated
5%
10
9%
9 J/a
common—
Canadian Marconi Co
Coast
-1,000
—
Canada Vinegars
Jan
15o
1.31
Apr
8c
Jan
1.85
Jan
1.45
Feb
Mar
16
5c
49c
1.72
lie
3%
Mar
Jan
Mills
Flour
Lawrence
Low
*
com.,
Sherwin
Williams
of
Can
Wilsils
Ltd
preferred
Jan
55
15
Feb
15 J/2
Jan
•
/
Apr
20
128
Feb
140
Apr
641/4
563
63
Feb
65
Jan
711/4
61
69
Jan
71% Mar
11%
28
6%
16
90
100
61/2
Mar
6
90
Mar
v.
85
18 J/4
_
Jan
62
100
Feb
Apr
Apr
Jan
7% Mar
69 J/4
Apr
100
102
120
Jan
22
21%
22
120
18 J/4
Feb
22
Apr
28%
*
,
28%
28%
10
27'/2
Jan
28%
Apr
25
——
Jan
Jan
17
321
65
12
Jan
5 J/4
78
255
,
6%
64
10 J/2
9
17%
61/4
64 J/4
100
1
90
17
100
i.
common—
—
16
140
m
Mfg
Apr
:
:
:
;
—
Preferred
13%
6%
Ltd.
Zellers
1,589
71 'A
_■!—i._— 100
Winnipeg Electric common
Woods
Jan
14%
'
common
—
Preferred
53
63%;
—25
Biscuit
33
Apr
140
140
*
common
______
Preferred
Apr
46 J/4
1.5
Tooke Brothers J.
Viau
32
11%
Canada
Preferred
.'
High
125
160
15
100
of
Co.
Low
33
48
13%
13%
Preferred
Steel
Range since January 1
High
46J/4
«
*
common
Shares
32
46 J/4
100
Paper preferred.
Shawinigan Water & Power—
'
8'%
Beath & Son A
Lawrence
St.
High
Low
Par
St
for Week
of Prices
Par
Canadian Funds
Sales
Range
Friday
Exchange-Curb Section
Toronto Stock
1944
LISTED MARKETS
CANADIAN
RANGE
Monday, April 24,
Apr
Feb
Feb
Apr
—
Banks-
100
131
131
13
131
Mar
135
Jail
—100
150
150
150
48
150
Jan
155
Jan
100
Commerce
238
238
238
.
Montreal
—
—
Nova Scotia
Royal
:
100
—
—
139
10
Apr
240
Jail
53
139
237
135
Jan
142
Mar
Montreal Stock Exchange
Canadian
Last
IIxoo
Preferred
Algoma Steel
Aluminum
Bathurst
Breweries
Power
'Class
*
class A_
& Paper
23%
1
»
:
Breweries
3_
;i
*.
Cottons
25
Class
26
88
Jan
Jan
100
Jan
Beauharnois
47
Jan
49
Mar
21%
555
20%
Apr
22%
Feb
23%
260
21%
Jan
23%
Apr
15
1,175
13%
Jan
163% Mar.
152
243
24
3,242
21
60
Jan
151% Mar
98%
Feb
156
-100
Alcohol
Jan
Apr
7'/a
450
107 %
194
Jan
108
8
280
71/2
Jan
9
10
455
93%
Apr
common—
2,276
ZZ*1
5'%
1—I*
Canadian
Pacific Railway—
IZ25
535
295
263%
'ft
—«■
Jan
31%
51%
Jan
7'%
Jan
Jan
8% Mar
Mar
8
45
Jan
34%
Jan
Apr
32%
10
Feb
Jan
25
28
Feb
39J/2
Apr
Jan
Feb
147
109 J/2
Apr
110
Apr
10
,
Mar
123
24%
Jan
125 J/4 Mar
33 J/2 Mar
1,250
5'/b
Feb
6 J/4
25
5%
5'%
410
.
5 J/4
Apr
5 J/4
5'%
:r
Apr
Apr
Apr
Plow
M
Consolidated Mining & Smelting—
Cork
Seal
&
Distillers Seagrams
Coal
Dominion
*
Co__—
32
9
common
Dairies
Dominion
Dominion
Ltd
Stores
Dominion
Preferred .;
Apr
Mar
375
23%
Jan
28% Mar
317
13
Jan
14
Preferred
_
Gatineau
5%
Power
Howard
8'/a
Jan
10%
9'/a
9%
9%
1,525
Jan
10
Mar
105 J/2
90
104
Apr
105 J/2
Apr
88
71
Apr
Paper
550
109 J/2 109%
45
7J/2
90
6J/2
6%
225
5 J/4
5%
375
_______5
11 J/2
11%
61
14%
15
510
107.% 108
245
•
common—
156
Apr
8
J/2
Jan
9
Apr
9%
Jan
14%
Apr
Jan
16
7'% Mar
8
6
J/2
51/4
Apr
Feb
111/4 Mar
13 J/2
Jan
106 J/2 Mar
Jan
7 J/a Mar
6J/4 Mar
12 J/4
16 J/4
108
Jan
Feb
Jan
10'/2
International Paper
common:
International
___
*
—
Petroleum
International
Power
of the Woods
28%
lis
-
c
20'/a
1%
—
Montreal
Cottons
Montreal
Loan
Mtge
—100
Mont Light Heat & Power Cons—
__•
&
Montreal
Jan
24%
Feb
28
28%
3,028
28
Apr
31
Jan
18 J/4 Mar
161/2
,115
15
Feb
81%
813/a
23
76
Jan
82% Mar
203%
695
Apr
22%
Jan
24%
105
20
Jan
27%
Feb
25'%
225
23
Jan
26
Feb
20'/a
Breweries
Steel Car Corp—
Niagara Wire Weaving
Ogilvie Flour Mills
—•)■ t
com—100
Placer Development
Power Corp of Canada
Ltd
Jan
19'%
450
16
Jan
191/4
Apr
30
19%
20 '
page
1687.
Jap
20
Mar
20 Vz
Apr
24
Jan
33
Jan
35
Mar
41
Jan
43
Jan
15%
56
,.
26 J/2
13 J/4
3%
15
15
20c
20c
15
57
Ltd
Apr
3%
2% Jan
:
602
10
Jan
52
9c
15
10
Mar
7
Jan
Jan
5
775
15c
;
25c
15c * Jan
Jan
5'%
Feb
15'/a Mar
Apr
10
Feb
Feb
10
6%
Jan
Feb
Jan
Jan
5%
6'/a
5,742
_*
85c
85c
325
65c
Feb
1.00
Apr
*
28
28
50
24%
Jan
29%
Apr
•
31
31%
1,075
5%
•
Motor
Fraser
.__
Linoleum-
&
Corp
Halifax
Ltd
Canada
Baking
Class
B
15
5
7%
Apr
9'% Mar
Jan
16
Jan
14
Apr
17'%
Apr
Feb
2%
2%
3
410
1
A—<
31
31
31
50
28%
Jan
31
Apr
3%
3%
200
3'/a
Jan
4
Jan
562
23%
Apr
25c
Feb
20
Jan
23%
._*
45c
45c
20
50
.
.
201/2
15C
2 '/2 Mar
.
2,021
24
15c
Jan
15c
3'/a
24%
Jan
45c
1
Mar
23 % Mar
15c
Jan
46
46
25
46
Apr
46
Apr
25%
26%
290
20
Feb
26'%
Apr
20C
Feb
35c
Jan
18
Jan
21% Mar
46
ulOO
Utilities Corp
24
23%
20
10
Co___
Ltd
Co
630
Ltd.—1—*
Corp
Insurance
Fire
Inter-City
7%
15
Companies, Limited——-——..*
International
Jan
Mar
4
Feb
11%
7%
7'A
•_*
Sec
3%
15
i_5
Ltd—
Ltd
of
176
32
Jan
4
17
pfd—100
cum
Candy Shops—
Power
28%
4
17
*
A——
20c
20C
25c
3,575
20%
20'%
20%
450
20%.
20%
566,
—————————_1
MacLaren
Power
Massey-Harris
&
Ltd. 5%
Co
McColl-Frontenac
Melchers
Paper Co__
Oil
Distilleries
Montreal
Island
6%
Ltd
*
1—10
Refrig
Co
Power
Storage
&
cumulative
$3
Moore
vot
103%
Jan
105'% Mar
418
7'%
Jan
8% Mar
25c
.•*••• \ 8
25C
0
1.55
Power
1.55
Jan
25c
29%
25
52%
53
125
4%
preferred—
Corporation Ltd
52%
*
4%
25
*
—
;
Corp of Can 6% cum 1st pfd —100
6%
N
C
part
2nd
Ltd
Co
Southern Canada Power 6%
pfd_:
Southmount
fjf
and
as
ci'ass
Walkerville
Brewery Limited-—
Walker-Gooderha!m: & Worts Ltd H—?
$1
Jlli—
pfd
cum
Western
Can
Floiir
Steel
Windsor
Hotel
Ltd
Corp
13
Apr
Jan
53
Apr
5%
Feb
Jan
91'/a
Jan
98
35%
Feb
39
Apr
4%
Feb
5
Mar
Apr
22
Apr
22
35
^
104'/a Jan
3.3
f
1.75
3%
3%
3%
5,163
58 %;
59
525
57%
21%
21%
21%
115
30c
Jan
15
Jan
Mar
1051/2 Mar
Apr
22c
7,26J|
25"
58%
*
Mar
Feb
37/a Mar
Feb
63
Mar
20%
Jan
21%
Feb
85c
20
85c
Apr
85c
Apr
12%
25
11% Mar
4%
20
19c
10,300
15c
20c
Apr
7%C; 7%C
6%C 6J/2C
500
6c
Jan
9c
Jan
950
4c
Jan
11c
Feb
12
Jan
85c
Ltd pfd—*
12%
*
4%
4%
::
—u
Apr
29%
4
96
22c
13
——*
Mills Co
P.rod
Western
22c
22C
*
1.55
Apr
46'/a
325
z
105% 1051%
100
Bl
Feb
Jan
28'%
50
38
38
when)-—*
Inv
Corporation
i
260
98
?:
1.00
1.25
25
291/2
trust
Noorduyn Aviation Ltd
Jan
Jan
5
8i%
8 '/a
8%
"
Mtl
21
19%
105% 1051%
20%.:
pfd—100
pfd——100
pid_.
■■■
4'%
Apr
12% Mar
4'%
Apr
Mines—
Aldermac Copper Corp Ltd—_____ _■—*
Mines Ltd—
HI 1
18c
18%C
•
Beaufor Gold
Gold
Bouscadillac
Bralorne
Ltd——
Mines
Ltd—"
Mines
1
^
Canadian
Gold
Lake
Shore
Apr
1,500
2'Ac
Jan
3,000
2'/2c Jan
4c
4c
5y4c
5%C
26
5i%c
26
__
—
Ltd
Malartic
6C
8c
9c
16
50
—'
Goldfields
3.65
600
17C
1,100
1.74
2,200
.
.
500
6'/2c
Apr
3%c
151/2
99c
200
99C'
17C
'
3.55
3.40
*
9.9c
3.55
"
—1
Ltd
Mar
Mar
Apr
3J/2C Jan
4,000
155/a
9c
29%
6c
1,000
...
3.55
Feb
Apr
Jan
Jan
8c
Apr
26
100
2%C
1
«
Lac Gold Mines Ltd
Mines
6c
..
2%C
68'/a c
l%c
20
—1
Mines Ltd
Macassa
,
2%c
Ltd— —1
Ltd—^—_ —1
Mirtes
Mines
Little Long
Jan
61c
i—.
Mining Co
Copsol. Gold
Joliet-Quebec
11'%
1,600
IIIi'
_
Kirkland
Federal
J-H
Ltd_
Mines
450
62C
*
Ltd
Mines
11%
61c
'
•
Cadillac Gold, Mipes Ltd— —x
Central
Dome
Gold Mines.—_
Malartic
Cartier-Malartic
Jan'
11%
#
'
J/8
13
13%
Mar
Pandora
56
Apr
231/2
Feb
230
26J/2 Mar
Cadallic
Gold
1.65
1
Ltd_ —1
Ltd
14c
16'%
Jan
Jan
Jan
Jan
Apr
1.14
Feb
3.65
Jan
Ltd
_
Mining Co
.
Mar
Jan
9
Mar
Siscoe
49
Apr
52
Jan
Sladen-Malartic
11J/4
Jan
12%
Apr
Sullivan
Jan
Teck Hughes Gold Mines Ltd
Wright Hargreaves Mines Ltd
Mar
6
7'A
19
Jan
24% Mar
93
Jan
98
145
70
5
605
420
12'/a
Feb
7 J/2 Mar
100
„Feb
2 J/2 Mai¬
ls
'
Apr
14
8 J/4
103
3 J/2
15 J/2
Gold
Cons
Mines
Ltd—.'
Mines Ltd___
Mines
Ltd
3.65
Apr
17c
Apr
Jan
1.95
Apr
7C
500
7c
Jan
10c
Feb
90c
200
90c
Apr
1.06
Jan
5c
1,000
6c
Jan
2J%c Jan
65c
—_
—
....
1
1
65C
400
65c
Apr
72c
42c
45c
2,700
42c
Mar
65c
Jan
53C
.-—
65c
42c
Sherritt-Gordon Mines Ltd—
7
1.38
Feb
Apr
90c
5c
Ltd^_l_ „_1
170
3.40
17c
7c
■
1
Feb
20
'
-
;
Mines
Shawkey Gold
Ltd—
Gold Mines
Mines
Gold
Perron
1
Mines
161
309,
12 J/2
2%
O'Brien
22
'Jan
830
.1011/21011/2
2 J/2
Jan
Jan
48 J/2
125
6 J/4
8
13%
15 J/2
40.
121/2
J/2
1,750
Gold
100
8'/a
50
12
McWatters
40
170
8
2 J/2
Ford
Foreign
1,068
14 J/2
21
97 J/2
12%.
3
Ltd—
Aircraft
Aircraft
65
14
53 J/2
12 J/2
101 %
*
70c
Mar
47%
60c
380
15c
2% Mar
Jan
21
Zso
preferred
22
Jan
20
6 J/4
»
Apr
18
900
97
*
Mar
105
20 J/2
v_____—I*
IIoo
18%
163
42 J/2
•
Quebec Power
130
34%
50
100
Regent Knitting common
Faguenay Power preferred
St Lawrence Corp common
Jan
21
'A
•
common
126 J/4
6,155
128
18%
8
,
1
preferred
see
Jan
8'A
170
>__*
common
For.footnotes
56
>.,100/
Power
&
9 J/4
Apr
26.%
I
Heat
Feb
7
21
14
—
common
Preferred
8
536
42
*
_
Noranda Mines Ltd
524
7'%
34
•
25
National
8V2
20%
,——100
1
common.
Preferred
8'%
20
19'/a
__25
Tramways
National
Co
Jan
14
Jan
128
preferred
&
24
Jan
22
15
7
«
Oil
(Robert)
Ltd
Mar
12
25
19
Massey-Harris
Light
21
6
24%
20%
15c
Feb
Feb
24
Ltd
8
Jar.
Feb
7%
25
Co
common,..
common
*
McColl-Frontenac
12 J/8
Jan
15
100
—
Jan
7
24%
•
com
Fail-child
United
280
of Canada
so
99
Jan
1.85
100
5%
51%
60c
5
854
International Nickel
60c
5%
51%
22
7i%
13
530
5
11 %
440
21
2
1.90
22
71%
13
Jan
*
11 J/2
21
174
50
111/2
i—r
Apr
pfd—
R
——
169
r_,__1——_*
Jan
125
:•////5
Sangamo
Jan
Preferred
169
Quebec Tel & Power Corp A
14%
'
Jan
169"
Jan.
30%
9
156
Apr
110
Apr
common
110'/a
Apr
Apr
Jan
1081/2
Jan
12%
common-—
Jan
145%
9%
2 6 J/2 Mar
Bronze
Jan
110
14
12%
3,065
_£1
90
10
88 J/2
13 J/2
___
■'"/:/•/ 35
148
Jan
29
common—
96
110
Jan
8%
12%
Can
92
11% Mar
85
28»/2
of
45% Mar
148/
Jan
13
Acceptance Corp
A
18
12 J/2
Feb
6%
155
•
International
Class
100
8%
88J/2
11%
Feb
74
*
Tobacco
5%
125
7J/2
Preferred
Price Bros
15%
Feb
Ltd
Imperial
Penmans
10
•
Oil
Ottawa
15 J/4
830
Jan
Mining
Bay
Mitchell
9
8%
„100
Preferred
35
7 J/2
87 J/4
12%
common
Imperial
Lake
15 %
•
Mines—
Gold
Industrial
156
9
_____*
Preferred
Hudson
'
156
—______.100
Smith
Mar
Apr
71
Jan
Jan
Jan
163
9
71
Bridge
Hollinger
118
Jan
8
Lime & Alabastine——
Hamilton
Feb
150
7%
100
,
___
(Charles)
Gypsum,
116
9
85
—
common
Preferred
18 J/a Mar
1,501
104
common
Wares
5% Mar
Mar
2
/'/:
6%
Steel
4 '/a Mar
18
7 V2
—1
preferred
Gurd
30
10%
_100
.—
Corp
Foundation Co of Canada——
General
2,188
Jan
10 '%
Dryden Paper
Electrolux
:
"7%
_*
43%
10
Kootenay Po.wer 7%
41% Mar
10%
100
—
common-
East
33
7%
—
Dominion Textile
Donnacona
291/2
*
common.
15
■■■.',
110
preferred —
20
Paper Co Ltd—
—fc
Feb
Feb
*
;
& Chemical
Tar
Apr
Woollens
Feb
116
Dominion Steel & Coal B_
21
15c
Square
Jan
160
Jan
208
___2%
__
Oilcloth
33J/2
160
20.
-.
;
8
A————*
Dominion
29%
116
1,085
3%
Ltd-*
of Canada
Dominion
27%
mo
Apr
21
20J%
*
common
Dominion
400
18
common
__
Ltd
Engineering Works Ltd:
150
5'%
25'%
Ltd——*
Dominion
130
100
Glass
Preferred
4%
Jan
1
Ltd—
Adv
Corp
Corp
33
.
23
*
;
Sec
Paper
Aircraft
29
18
;
Cub
Fleet
13%
2
96
pfd—100
pfd——100
B
—
42% Mar
27'%
--
Div
Jan
w
25 J/4
45'A .45 J/4
20%
•
Co
Preferred
Consolidated
39
27
47/a
common—_i.___
Preferred
Consolidated
330
13%
Ltd
Bakeries
Fanny Farmer
27
IZ25
Consolidated
121/4
13%
V:
—
22%
25J/4
7%
Power
Alcohols
12% Mar
48
■
__
preferred
Commercial
Jan
.
Feb
21%
Ltd—*
General
Neon
Jan
38
—
Claude
Hi/2
12
40 3%
21
21%
Westinghouse Co
10%
10%
Apr
285
21%
Canadian Power & Paper Inv Ltd com_*
Vickers Ltd common*■
30
105
36'%
'
U
•
Dominion Bridge
Dominion
'
Glass
Consumers
Crown
r e-
,
Jan
8%
15
Cable 6%%
Marconi
3,153
10 '/a
32
-
Canadian
10'/a
Feb
3%
VJ.V8-%
8
*
Co
Jan
Apr
7
7%
Co
4'/8 Mar
2%
7%
Sugar
Jan
Jan
Mar
6
3%
7%
Co
71
Jan
60
50
*
Ltd————*
Ltd
—5
100
Jan
40'%
'
40
pfd
cum
£7
46
'
Cockshutt
65
3'%
36
Jan
4
.
Jan
65
High
\
Apr
27%
Canadian
Jan
35
2%
1,080
•
Industries
Canadian
Jan
41
7 %
3,378
30
Ltd
Northern
Feb
36
123
33
Canada
Jan
,12%
144
109'%
11%
10'%
Jan
175
145
45
'
61/2
104
70
37%
145
29
•
45
.
8%
5'%
B
Locomotive
34
225
123
~«-
*
Canadian
43
Malting
Canada Wire &
3'%
7%
Canada
Canadian
16%
2%
Co B—:
Corp
Dominion
Jan
Jan
2%
28%
Packers Ltd
&
Feb
Apr
2%
28%
_100
Oil
Canada
24%
23/a
33J%
Columbia
24
15'%
10
British
Apr
125
•
American
Jan
206
105
British
21
2%
109 J/2
'
Range since January 1
3 Low
High
•
_____;
& Paper
Power
Low
& Distillers of Van
Brewers
213%
15%
33
——
'
Shares
_100
Paper common
Bathurst Power
963%
36
145
Foreign Investment com
Ind
1%
41
25 7/a
.
36
.-100
-100
common
Preferred
Canadian
&
preferred
cum preferred
70
8
8
;__
———
—
6%
30
33%
__——
common
7 'k
Abitibi Power
98
92
42
■
■
Sales
for Week
of Prices
par
49
63%
7
»*
—,
Celanese
Canadian
Apr
33'%
•
;
common
Preferred
Preferred
10
I~50
Canadian Car & Foundry common
Canadian
94
10
-
•
»
common—___
Preferred
Canadian Bronze
New
Jan
'
Steamship common-.
preferred
—
Canadian
10%
89
8
105
—*
Power
Canada
5 %
9
Jan
94
7
71/8
ZlOO
:■—
—
Northern
Canadian
Jan
Jan
80
9i%
112
2%
•
•'
Cement common—
Preferred
Canada
Feb
18
165
15%
■
:
Canada
113
152
#
*
!
Week's
Range
/ Sale Frice
■■
.v
21
152
*■
A—^
Corp
B
BulolO
113
■
Apr
22%4
14%
Canada—_ IIlOU
Traction Lt & Pwr
Col
Apr
16
14%
^
———
Telephone Co of
Brit
!*■-) 76
Jan
20%
20 V2
Power
Brazilian
Jan
133%
98
-
„
Corp
Associated
74%
23
—>50
Canadian Telep pfd
Anglo
Asbestos
6
200
./fez/,/.stocks—
49
98
pfd———1 ^.100
Can
Funds
Friday
7% Mar
16
92
of
Co
Jan
76
94
Ltd
Aluminium
Bell
~foo
-
_——
5'%
16
9'%
com—.
Preferred
125
113
-•<
common
7
Canadian
High
Low
•
76 /.
;
■
Shoe
High
Range since January 1
Last
Z100
preferred
61/2%
Agnew-Surpass
Shares
7
#
Works Ltd common—
Glove
Acme
of Prices
Low
Par
Montreal Curb Market
Sales
for Week
Range
Sale Price
STOCKS-
Funds
Week's
Friday
53c
54c
400
53c
Apr
54c
Apr
1.70
1.76
930
1.62
Jan
1.80
Feb
3.25
3.30
600
3.25
Anr
3.30
Apr
3.05
3.05
350
2.95
Feb
3.30
Jan
1-—
'
"J
•
*
Jan
Mar
Feb
Feb
Mar
;
Oils—!
Dalhousie Oil
Oil
Jan
Home
Jan
Royalite
Co
Oil
Co Ltd/
Ltd
Co
:—_—
Ltd—
*
«
*
•34c
34c
900
34c
3.35
3.35
3.35
20%
20%
20%
.
34c
Apr
1,200
3.25
Jan
50
20'%
Jan
37c
Feb
3.65 Mar
21
Jam
Volume
1$9
THE COMMERCIAL & FINANCIAL CHRONICLE
Nutinber 4275
-
OVER-THE-COUNTER MARKETS
Quotations for Friday April 21
For Quotations on
Investing Companies
Real Estate Bonds
'
Fair'
Aeronautical Securities
Bid
,,
'American Business Shares
American
1
24%
Investors Fund 0
Series
3.70
Series
B-2
Series
!6%
6
1
X13.50
Scries
1
3%
4%
4%
5Vs
,
A6%
Bond
Inv
105.77
Knickerbocker
Loomis Sayles Mut Fund——
Loomis Sayles Sec Fund—j—-10
Manhattan Bond Fund Inc—
14.59
15.99
3.60
—*
29.50
9.28
10.05
Common
Mutual
Natlon^Wide
—1
2.34
(Colo)
—1
2.18
(Md)
—-1
2.18
1.
——1
ACrum & Forster commons—10
A8% preferred—:
—100
2.62
Series AA———;
Accumulative series
Series AA mod
Series AGO mod-.
—1
10.15
10.91
Aetna Casual &
X10.28
11.23
Aetna
Securities—
Aetna
'!
3.50
series B shares—
Low priced stock common
Bond series——r
—_.
X2.80
30%
;
6.05
Dividend
Shares.———-2pc
1.18
1.30
Eaton &
Howard—
Fund
1
1
X20.70
12.27
13.18
Equitable invest Corp (Mass) -0
Equity Corp $3 conv pfd—
1
Fidelity Fund Inc
.—J•
Financial Industrial Fund, Inc.
First Mutual Trust Fund
6
28.76
30.92
35%
36%
22.23
6%
7%
6.90
7.59
5.22
3.60
1.20
Invest Ino—
2
Fundamental Trust Shares A—2
21.31
23.35
4.63
5.37
4.28
7.27
Firemen's
5.63
6.20
34.39
General Capital Corp———-V X31.98
5.25
General Investors Trust
1
Series 1956——
5.66
-
—
•Series 1958
1
2nd
2.23
——
shares———-
5.50
5.58
Hanover
6.14
Quarterly Inc Shares
—100
Republic Invest Fund——
_1
6.98
3.13
3.44
Building shares—.
Chemical shares————
6.77
5.40
5.94
Scudder, Stevens & Clark
Fund, Inc—-:;
•
X89.24
8.40
9.23
Selected Amer Shares———2Va
X9.26
5.14
Selected Income Shares:
Administered shares—
6.80
7;48
Sovereign Investors—
shares———!—
Fully
L
_1
86V4
12%
13%
5
23%
25%
22%
24%
46%
Revere
(Paul)
-10
Fire
49 %
St Paul Fire & Marine
—62%
17%
20%
Seaboard Surety
....10
_0
x42'/4
44%'
Security New Haven
5
8l/a
9%
com.
17%
19%
Standard Accident
76 %
Travelers
10
72%
28%
U s
25%
27%
10
97
100
U S Fire
41%
U
27%
S
122
62%
486
471
36 Va
38 va
4
46
48%
....10
71
76
31%
34%
Fidelity & Guaranty Co..2
...
Guarantee.
Westchester Fire...
44%
36%
59%
x26%
Hartford Steamboiler Inspect._10
Home
—
5
48%
34 %
116%
10
101%
6%
28%
45%
Springfield Fire & Marine—..25
—.5
Fire—
15%
300
10
—_—
__...
94
2.50
29 %
3.98
—_1
5.90
Generalbond shares:—i—- —-
8.08
8.88
Spencer Trask Fund
Industrial Machinery shares-
6.29
6.92
State St Investment
Investing
Low Price Shares———
5.66
6.23
5.21;
5.74
Super Corp of Amer AA
Trustee Stand Invest She—
Merchandise shares——
-Mining shares———u
Petroleum shares-i..——
"
6I V2
82%
13%
23%
10.10
4.67
34%
...
48
,
91.04
Electrical Equipment
Food
7.45
6.40
x31%
4%
26%
———
Preferred Accident.
5
....
American—.—
Hartford
6.05
shares
Aviation
Great
14.48
6.97
Agricultural
Automobile
54c
1
Newark
Fire—
preferred
49c
13.47
Fund—-—..
(Geo)
83%
River.
Phoenix
49 V4
146
57%
10
Globe & Republic——
Globe & Rutgers Fire Ins.
Putnam
6.34
of
Franklin
Plymouth Fund Inc———10c
Group Securities—
50%
79%
13"%
Providence-Washington
—10
Reinsurance Corp (NY)—
2
Republic
(Texas)—
10
60%
45%
:.__10
Glens Falls Fire—
X2.56
1
Fire Assn of Phila—
56%
20 xl40
General Reinsurance Corp.....5
Gibraltar Fire & Marine
10
2.65
47%
5
Indemnity Co.....
6.60
1
10
—10
Pacific
•
10
—
Fireman's Fd of San Fran.
Series 1955—-
108%
Fire—
5.83
X2.02
x89%
103%
Pacific
Federal
39
...25
Northern
32 %
Fidelity & Deposit of Md.,
shares
5%
—.—12.50
41%
29%
6.55
Trust
4%
38%
10.56
Amer
.5
Employees Group..
Employers Reinsurance—.10
5.29
Series 1953—•
21%
Northeastern
9.61
North Amer Bond Trust ctfs—
—2.50
45%
5.95
North
11%
43%
8.44
31
28 %
Connecticut General Life—.10
Continental Casualty
5
10.69
27 %
25%
45%
North
—
.
185
5
19%
8.77
7%
6%
10
17%
8.33
57
54
175
—.10
...
New Hampshire Fire——
York Fire
10
City of New York
7.67
————
New Brunswick
560
New
Railroad equipment-
5.82
9.44
Casualty—2
21%
Oils
1.91
20
xl9%
9.72
;
86 V2
—2
5
Railroad
19.32
1.74
Fixed Trust Shares A
—10
Foundation Trust Shares A—1
v
shares:
Fire—
7.57
„———,
81%
—100 x535
.......—
Camden
7.97
stock—:.—
5%
25%
Baltimore American———-:2Va
Bankers & Shippers.
—25
Boston
6%
5%
4%
22%
Y
io
Amsterdam
49%
4
N
National Liberty
National Union Fire
New
8%
(Detroit)—10
—
National Fire
10.13
—
12
Ins
13%
...
Steel
X17.94
Fundamental
10
...5
Fire
Casualty
58%
9.21
Metals
Mfrs
Fire
National
37%
9.33
Machinery
&
Monarch
53%
34%
6.65
;
Merch
11 %
16
50%
55%
10.66
stock-
10%
14%
..Id
8.48
Bank
.
.....25
6.04
,
Aviation
5.30
Surety
9.70
———,
Automobile
Merchant Fire Assur
10
Automobile
Agriculture
71%
17%
68
46%
....
——2%
Reserve
7.65
12.90
Insurance
18.99
17.57
American
American
6.92
New York Stocks Inc—
8%
12 %
16%
Building supply—
Chemical
—J—,
Electrical equipment—'—
X4.60
8%
10%
American of Newark
41%
7%
Casualty——.
American Equitable.
5
American Fidelity & Casualty.5
American Re-Insurance
84%
38%
V
Maryland
—
Ask
15%
13%
82%
20
Knickerbocker
22%
7.73
7.39
*
..5
Jersey Insurance of N
71
x20%
5.01
6.12
1
—10
—
Casualty
—1
Massachusetts Bonding.....12%
52%
67%
,—10
11.97
L.
Fund—
50%
Fire
Insur Co of North America—10
——25
7.03
Preferred stock series—JNew England
StZ—III—IZ—IZsTso
Fund——————
3.17
35 %
———10
Alliance
4.53
series
Homestead
132%
33%
Bid
Par
Ask
124%
10
American
Low priced bond series—-.
Balanced
Life
Bid
10
—
Agricultural
7.49
Income
28%
Surety-
——
6.93
28%
113
,
Par
American
3.55
Stock
4.79
22.19
1.35
2.62
B shares—-—10
preferred—
—100
Cumulative Trust Shares.
•
Delaware Fund————1
Diversified Trustee Shares—
Insurance Companies
4.39
20.64
National Investors Corp——- —1
National Security Series-
26%
A7%
,9.75
1.22
118%
ACommon
38.50
8.87
.250
& Forster Insurance—
Crum
37.73
.1
voting shares
Bell Teletype NY 1-953
90.70
Inc—L. -10
Invest Fund.
DIgby 4-4950
6.28
88.89
.100
Mass Investors TrustMass Investors 2d -Fund
.
,
—
4——J— 10c
—
v,
Tel:
4.48
5.73
—
Maryland Fund Inc—
2, 420
Securities com—100 2 ,320
140
145
/
Preferred
-100
4.61
5.01
Commonwealth Invest————1
36%
38%
Consol Investment Trust—.
1
..
Fundj
40 Exchange Place, New York 5, N. Y.
13.55
10.04
4.04
t
17.86
Christiana
\
_
29.30
27.44
Corporate Trust Shares
12.34
Series. S-4——
..
25.44
23.15
S-3J_
MembersiNew York Stock Exchange
Members New York Curb Exchange
;
20.81
x9.ll
—
;
18.38
18.92
16.61
Fund—————1
Chemical
16.76
J::
Shaskan&Co.
10.94
9.96
j—
Series; S-2—
X3.05
21.82
;
X27.10
Fund Inc
Broad Street Invest Co
Century Shares Trust
K-2
Series
101.54
America——
of
Tr
K-l
31.12
Series S-l
,
3.68
5
Inc——6
Bullock Fund Ltd——
1
Canadian Inv Fund Ltd——1
Boston
B-4_
Series
14.52
preferred.—;:——5
Basic Industry Shares
.-10
ACommon
X28.34
—„——
Series
.
12.51
29.40
—
B-3—
Bankers Nat Investing—
12.24
28.06
X19.88
i
15.36
—1
—
B-l
.
3.38
2
Axe-Houghton Fund Inc
Ask
Keystone Custodian Funds-
25%
X14.16
•
Foreign Investing-lOc
Assoc Stand Oil Shares
6.89
X3.34
—10 '
Holding Corp
Bid
Par
3.66
6.34
1
Affiliated Fund Ino——1%:AAmerex
Ask
Railroad
RR
5.91
6.40
3.67
Equipment- shares
541
5.82
shares—————
6.50
4.64
,
4.05
',; Utility shares.
—.—
ASeries A
4.38
Trusteed
4.42
Union
4.35
4.79
Series
Fund
.4
1
>
6.36
X71c
80c
Series C—_——————.— '
Union Stock Fund B——
.
Fund Inc
Common ————.—10c
33c
21c
.1.39
1.52
20.32
21.85
U S El Lt & Pwr Shares A
105%
Public Service
100%
101
105%
106%
Florida Power & Light 3%s_1974
4%s
—1979
106%
106%'
3Vis series E
1973
Public Service (New Hampshire)
3%s series A.—...
1973
1973
Lt
&
3%s
±
105
103%
Iowa Power &
25.40
7.90
8.64
110%
104%
Northern Indiana Public Service
3%s
6.57
19.02
102%
102%
99%
100%
Securities
Institutional
2.16
'
Aviation Group shares——
9.65
84c
xl.03
1.13
22.93
24.92
of
America—.10
Investment
10.57
Bank Group shares
Co
Wellington Fund—
j
1
16.01
17.60
Banking
a
Blair & Co
A First
;
1
2%
Boston
Corp.
24%
26%
I.-.-
New York
City Banks & Trust Cos,
Bid
,10
93%
-
Chase National Bank
22%
402
48%
;
—-
Ask
21% >
390
Brooklyn Trust
100
Central Hanover Bank & Trust 20
50%
98%
96 %
100
13.55
37%
39%
Chemical Bank & Trust——10
Commercial National Bank &
•
48V'a
50%
J
•
'V;.'
'Ask
Par
Fulton
Trust———
—106
Guaranty Trust ————100:
175
•,
•14%
Irving Trust
——J—101
Kings County Trust
—1001,500
Lawyers Trust————
25
36%
Manufactures Trust Co com—20
Conv
preferred:—
—20
Morgan (J P) & Co Inc
185
.
307%
West
Texas
Corp. 4%S—
47%
34%
36%
91%
tDec
Exchange Bank & Trust_20
Empire Trust
—50
46%
49%
39%
77 V2
Public Nat'l Bank & TrustA.17%
Title Guarantee & Trust—L„ 12
x37%
73%
6%
1,630
1001,590
1001,465
100.26
100.27
JO.90s Mar.
100.22
100.23
t%s Mar. 1, 1945
———
Bid
tl%%
Federal Home
0.85s
Feb
—
June
Loan
15,
.100.10
(When,
-
as
Ask
4%s series B_.
1988
ist 4s—.——
4%s
87
91
89
93
4%s
Minn St Paul
1st
Gen
Income
Stocks
bO 90
—
—1994
101%
103%
—2019
65%
67%
Canton
5%
&
J
1964-1944—
0.75%
preferred
100 26/32 100&
102 ig
_2018
59
61
1993
82
97 %
4%s_——1971
4%s—
_*
16%
Rio
&
42%
105%
Bid
100.12
100.13
Grande
Minn
60%
62%
St
Free
v
Paul &
t
Optional
i
t c
101%
103%
0.61%
0.74%
0.76%
0.76%
b0.78
10%
11%
Bid
Ask
'103'ft
105ft
U S Conversion 3s——1946
104%
104%
U S Conversion 3s
—1947
106%
l067/8
Panama Canal 3s_
—1961
132
133 V*
are
Bills
for discount at purchase
Bid
0.28%
June
Ask
1944—
b0.37
0.33%
151 -194422, -1944_
29j%1944.
b0.37
0.33%
b0.37
bO.37
0.34%
8,
0.30%
June
b0.37
,0.32%
June
b0.37
0.34%
b0.37
0.32%
July 6.1944—
b0.375
0.35%
b0.37
0.32%
b0.375
0.35%
b0.37
0.32%
July 13, 1944_,
July 20, 1944_,
b0.375
0.35 %
42%
*No
1%common
0.59'/r
0.68 'k
20
2
on
par
March
common
value,
28,
stock
k Removed
I
Pacific
Preferred
0.47 'if
b0.50
b0.61
b0.63
b0.70
b0.76
b0.78
^05ft
1956-1948—
Ask
bO.37
May 11, 1944—
May 18, 1944_
May 25, 1944
—
June 1, 1944—>
Sault Ste M—
c
v
19
41%
corn-
Ask
104%
Jan.'1, 1956-1946——,
8s May 1,
June
Treasury billsApril 27, 1944
May 4. 1944—___
43%
Preferred
Western
.2014
Rates quoted
17%
84
95 %
& Saulte Ste M—
Pacific—
mtge
81%
—100
——;
■
Inc
34%
79%
-
preferred
103 ^
Bid
32%
—
—
Common
5%
1003S 100 24/32
1955-1945
Ask
Youngstown—
————
i
1955-1945——
United Slates Treasury
Bid
Common
Denver
mtge As^—1991
Western
103%
104%
Other lssuei
1946-1944
,/
—
Chicago Rock Island & Pacific—
Grande-
1st 3-4s income
and if issued)
Akron
Youngstown—
A—:———1988
Chicago Rock Island & Pacific¬
Income
105%
103
103 ft
104%
8s
Ss
Bank—
1944
Reorganizatioit Rails
Rio
103%
105%
Federal Land Bank Bonds—
100.8
15,1948
,510
3Y4S
Bid
1,
Ask
Commodity Credit Corp—
48
Bonds-
1945
1%%
1947. —__—...1%%
1946-
15,
4s
Denver &
.——1958
—
Federal Land Bank Bonds—
income
—1973
Obligations Of Governmental Agencies
6%
United States Trust—
15.
fSept.
95%
Corn
15, 1945-
52%
228
National City Bank-.—:
_12%
York Trust—.———25
First National Bank
1944—
50%
50%
100 x218
New
Conv
3*/as
108%
102%
39%
19%
scries
1968
i-W
49 %
4s
Util
3%s
15%
'
18%
Akron Canton &
Colo Power 3'/2s—1968
315%
46%
&
—
15,
IDec. 15, 1945tMar 15. 1946-
20
Bank
—.——————1972
Power & Lt
Figures after decimal point represent one or more 32ds of a point
Int. Rate
Bid
Ask
Maturity—
Int. Rate
%%
100.1
' tSept. 15, 1948
——1 Vt%
1
%
100.10
100.12
Certificates of Indebtedness-^
%%
100
100.1
t%s Aug. 1, 1944—:.—
100.16
100.18
I7/bS Sept. 1, 1944.:——.
100.12
100.13
t%s Oct. 1, 1944.;
1V*%
99.28
99.29
f%s Dec. 1, 1944——
100.3
100.4
JYaS Feb. 1, 1945————
Sep 15. 1944tSept. 15, 1944.
Mar 15, 1945-
Trust—_10
Continental
3%S
Utah
Quotations For U. S. Treasury Notes
IMar
Par
Bank of the Manhattan Co
10
Bank of New York—
—100
Co ——
107%
112
Gas—
2%
—I—10
—
Jun
Trust
107%
&
I
Corporations
93c
Maturity—
Bankers Trust
105
108%
Ltd—
Insurance Group shares.
Investment
1.70
2.44
104%
107%
110%
—
Carolina Elec
York
16.20
1974
•
Incorporated Investors——5
Independence Trust Shares
•
(Indiana)—
—.1972
4Vis
Southern
(Minn)—
2%s
101%
San Diego Gas & El 3%s—1970
South
1973
—
Northern States Power
100%"
Puget Sound Pow & Lt—
104
109%
104%
Light 3%s—1973
Michigan Consol Gas 3%s__1969
6.01
—-1953
1974
Pow
Power
22.40
17.40
Union Preferred Stock Fund—
Income Foundation
Pi^e Line—
debs—
3%s—„1973
...
20.49
■
AHurpn Holding Corp——1
3s
Florida
5.71
Ask
Bid
Panhandle Eastern
104
2%s
24.63
A
Ask
103
Light 3s—.—1963
Central
;
series
Gas
Blackstone Valley Gas & El—
2.12
——_L—-
B
Atlanta
2.24
Industry Shares—25c
Bond
Bid
X2.28
1
———
—:
Recent Bond Issues
42.66
Shares--;
ASeries B—„
3.97
4.D1
.
Tobacco shares——_—-——
D———
-I
14.49
39.70
——1
.C-———
ASeries
4.18
3.79
Steel shares-.——-.-—.
ASeries
Trustee Stand Oil
6.52
X13.61
Corp new-
to
Ex-dividend,
1944,
a
Odd
Stock
price,
c Stockholders of McQuay-Norris Mfg. Co.
charging the 150,000 no par shares'of authorized"
common stock,
d Deferred delivery,
f Flat price,
r Canadian market,
s Cash saler—not included in range for year,
sales,
an
shares
b Yield
30%
x
67%
tions not furnished by
,
,
amendment
of
$10
Exchange. >
tlh default.
29%
66%
y
lot
approved
to, 450,000
Ex-rights,
sponsctyifcr issuer.
par
tThese bonds
are
subject to all Federal taxes.
AQuota-
THE COMMERCIAL
1683
& FINANCIAL CHRONICLE
Monday, April 24,
Week Ended
THE COURSE OF BANK CLEARINGS
clearing this week will show an increase compared with a year ago. Pre¬
liminary figures compiled by us, based upon telegraphic advices from the -chief cities
of the country, indicate that for the week ended Saturday, April 22, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 7.1% above those for the corresponding week last year.
Our preliminary total
1944
396,935,586
>—526,000,000
Boston
City
Louis
St.
Cleveland
all
Total
cities>
219,729,309
160,587,015
+36.8
191,419,186
124,141,953
186,248,953
98,624,122
+
$6,573,504,912
$6,250,791,888
+
1,402,924,945
+
$7,653,716,833
1,397,465,971
+
Total
day
+
7.1
1,615,680,604
—
+
2.8
+25.9
loss of
furnish
Total
has to be estimated.
■:
CLEARINGS
—
619,619,351
665,741,969
6,019,305,004
752,420,397
635,481,265
676,042,153
277,211,813
321,489,944
399,781,219
670,780,580
353,950,507
668,993,134
297,167,943
298,740,982
II
7
II
6
6th Richmond
-
—;—------
II
17
17
II
4
Louis
8th St.
14
10
_
7th Chicago
•
9th Minneapolis
10th Kansas
7
._
12th San
I
week ended
154,810
2,653,924
140,631
72,981,356
+ 22.9
66,349,395
57,571,386
353,950,507
+ 12.9
291,634,977
246,182,069
—37.7
629,427
448,104
9.8
4,514,780
4,084,985
—46.6
2,995,961
2,357,384
633,475
Indiana—Fort Wayne
1,016,343
6,333,810
5,121,915
3,342,961
Haute
_
3,747,616
35,676,000
3,803,502
Bend
Terre
:
33,525,000
3,759,510
Indianapolis
South
—
+
+
2,914,989
District—Chicago—
5,716,607
—
—10.8
2,750,191
2,598,683
6.0
29,313,000
28,769,000
1.2
3,144,372
3,402,647
—
—
8,806,502
11,226,005
—41.6
8,006,074
6,835,939
36,360,056
46,161,061
—21.2
31,896,988
25,351,362
1,945,484
1,886,028
+
3.1
1,571,937
1,343,220
17,324,164
15,016,906
+
15.4
12,689,664
11,194,212
7,936,166
4,917,303
—38.6
5,623,138
4,204,727
—
Wisconsin—Milwaukee
Iowa—Cedar Rapids—
Des Moines
■
_.
Sioux City
Illinois—Bloomington
631,244
578,106
+
9.2
532,999,437
521,820,127
+
2,291,683
1,907,631
_
Chicago
Decatur
-
Peoria
435,613
471,169
2.1
430,041,168
407,975,095
+ 20.1
1,226,619
1,303,977
4,784,260
v
6,978,875
5,470,048
+^7.6
5,094,777
2,606,840
2,342,293
+
11.3
2,259,970
1,907,494
2,165,022
1,968,440
+
9.98
1,710,406
1,502,241
670,780,580
Rockford--—__
668,993,134
+
0.3
543,904,085
508,534,499
3.98
145,300,000
118,000,000
___
Springfield
(17 cities)
_
Eighth Federal Reserve District—St. LouisMissouri—St.
Louis—
185,200,000
Kentucky—Louisville
Totial
178,100,000
57,660,569
53,814,257
+
3.4
35,632,116
33,523,214
+
25.6
764,000
641,000
298,740,982
0.5
239,356,685
205,978,471
—13.6
41,877,369
1,282,000
1,021,000
297,167,943
(4 cities)
77,742,613
43,284,518
___
+
—13.3
67,401,425
Tennessee—Memphis
Illinois—Quincy
Minnesota—Duluth
$
$
District—Minneapolis4,480,519
St.
5,187,209
3,579,095
.2,838,424
148,259,373
136,524,646
+
8.6
101,607,526
82,041,722
52,757,350
51,213,875
+
3.0
41,314,224
35,619,136
3,665,314
3,276,365
11.9
3,079,626
3,048,574
1,390,211
1.437,551
1,358,421
1,165,799
3,986,541
5,220,160
215,897,72,9
204,025,605
_
Minneapolis
Paul—
i
393 ,413,870
294 ,449,089
North
Dakota—Fargo
3,846, 646,886
613 823,060
South
Dakota—Aberdeen
6.0
522, 729,006
442 ,878,070
—13.8
233 896,229
204
+
12.9
291 634,977
+
0.3
543 ,904,085
0.5
239 ,356,685
—
—
204,025,605
514,085,477
,_
(7 cities).
9,486,239,462
10,871,138,836
5,029,255,886
153 ,961,537
212 ,077,305
174 845,870
104 281,605
4.5
395, 649,196
—12.7
7,553,889,594
7.7
3,841,688,919
—
96
696,772
329, 717,307
7,093,529,748
3,375,761,981
for each city for the
April 15, for four years:
Week Ended
$
$
Clearings at—
April
'
1,256,690
951,019
917,168
—23.6
2,173,357
3,460,620
5.8
153,961,537
129,006,530
+
1,080,886
—49.9
159,043
90,110
—35.1
*200.000
166,081
7.8
3,293,940
3,174,825
2.4
48,282,756
36,115,811
287,646
442,950
4,737,904
70,183,853
71,938,008
3,001,539
3,506,071
—14.4
2,079,463
7,795,117
6,115,990
+ 10.6
4,630,387
3,637,423
185,893,840
204,869,702
9.3
147,362,514
123,897,660
6,171,488
5,580,263
1.1
4,299,078
3,367,347
1,459,243
1,445,880
896,980
993,858
280,265,667
Omaha—
300,044,282
Kansas—Topeka
Missouri—Kansas City_.
St. Joseph
.
—
—
—
+
0.9
1,071,325
9.7
698,799
6.6
+
—
3,067,985
212,077,305
582,157
746,471
%
1941
Total
$
Dec. %
413,656
4,368,880
.
Pueblo
1942
••
■
207,081
Hastings
15
Inc. or
1943
3.3
16.5
+
Tenth Federal Reserve District—Kansas City—
i
Nebraska—Fremont
Colorado—Colorado Springs...
1944
+
—
205 ,978,471
5.8
—
Total
__L_/
,
508 ,534,499
,
6.6
—
Helena
,771,125
246 ,182,069
5.2
+
—
Montana—Billlngs^^^
129 ,006,530
detailed statement showing the figures
our
30,328,022
4,307,763
1.9
399,781,219
Wichita
add
39,909,219
—10.5
3,757,554
3,865, 699,741
597, 285,363
300,044,282
142,442,000
4,642,725,860
now
+ 24.7
5,699,214
222,750
.
—34.0
491,070,367
__111 cities
We
*42,000,000
5,103,685
Rapids
Lansing
Total
1,683,434
1.524,074
24,741,000
226,955
—
8.5
1,833,986
89,708,639
(10 cities)
29,937,326
90,600,000
26,018,000
52,353,155
Lincoln
Total
7,002,272
33,495,796
109,000,000
5.0
50,917,113
v;
—11.5
135,078,295
41
10
Francisco-
7,651,039
1.8
+ 11.6
+
—12.4
2,526,224
—
—16.8
280,265,667
.
II
6
1941
1942
Inc. or
Dec. "t»
215,897,729
<1
10
City
llth Dallas
.
408,419,208
M
10
6th Atlanta
S
5,009,343,407
II
12
_
Philadelphia
3d
3943
1944
.
cities
12
_
+ 22.5
Districts:
by Federal Reserve
s
_
York
New
2,825,237
2,214,064
——
Seventh Federal Reserve
by 5.8%, but in the btr.
the Kansas City Reserve
6.6%, in the Dallas Reserve District of 5.2% and
a summary
"Week Ending April 15—
2d
41,770,869
126,700,000
53,482,884
:
Ninth Federal Reserve
1st Boston
tOtttr
% rib
V", 1,8,307,744
Grand
however, which we present further below,
SUMMARY OF BANK
Districts
204,771,125
;!
-
District of 4.5%.
in the San Francisco Reserve
Reserve
233,896,229
.
Louisiana—New Orleans
larger by 0.3% and in the Minneapolis Reserve District
Louis Reserve District the totals are smaller by 0.5%.
In
are
Federal
-13.8
PM
2,584,824
—
Mobile
delphia Reserve District of 11.5%.
In the Cleveland Reserve District the totals
a loss of 6.0% and in the Richmond Reserve District of 13.8% but the Atlanta
Reserve District enjoys a gain of 12.9%.
In the Chicago Reserve District the totals
In the following we
321,489,944
10,180,110
Alabama—Birmingham
suffer
a
43,304,308
141,400,000
Mississippi—Vicksburg
15. For that week
District the totals register
1,941,614
122,158,202
-18.6
42,526,903
Macon
the Saturday figures are not available at time of going to press.
elaborate detailed statement,
April
6.9
-12.7
52,315,810
Augusta—
able to give
are
2,527,967
179,876,426
277,211,813
——
Florida—Jacksonville
the final and complete results for the week previous—the week
there was a decrease of 12.7%, the aggregate of
clearings for the whole country having arribunted to $9,486,239,462, against $10,871,138,836 in the same week in 1943.
Outside of this city there was a decrease of
1.1%, the bank clearings at this center having recorded a loss of 17.1%.
We
group the cities according- to the Federal Reserve Districts in which they are located
and from this it appears that in the New York District (including this city) the totals
record a decline of 16.8%, in the Boston Reserve District of 34.0% and in the Phila¬
we
ended
(6 cities)
Michigan—Ann Arbor
Accordingly, in the above the last day of the week in all cases
the
2,352,685
42.611L76
Georgia—Atlanta
Complete and exact details for the week covered by the foregoing will appear
issue of next week.
We cannot furnish them today^ in as much as the week
In
883,425
157,017,198
Nashville
our
ends Saturday and
•
48,767,031
1,803,443
111,041,232
38,468,994
,
✓
in
59,742,562
■
15.6
-
——
cities, five days
one
-14.1
987,543
5.5
+
—
five days
five days
3,807,000
77,923,743
$
7.3
$8,078,403,022
—l—I
5,762,000
Carolina—Charleston
District of Columbia—Washington—
5.2
1,504,898,110
——
-
__
Baltimore—:
All
150,100,000
213,835,000
—14.4
+ 2.8
+16.5
+ 9.9
——
_
cities,
166,893,122
xL-~--
Pittsburgh
Ten
350,234,251
171,541,117
-
w—
—
Other cities,
299,961,421
-
—a
Francisco
San
+33.3
+25:5
_
-
Kansas
297,684,755
419,000,000
——
-
Philadelphia
t.
-5.4
66,907,225
Tennessee—Knoxville
174,800,000
235,034,000
—1
-
7,450,000
__
Maryland—Baltimore
0.6
$4,207,584,670
$9,051,182,804
Chicago
1,395,998
7,051,000
Dec. %
Sixth Federal Reserve District—Atlanta-
%
1943
$4,233,942,340
—-
—
-
South
Telegraph
1944
April 22
!
York
1941
1942
1,272,529
Virginia—Huntington
Richmond
%U
Clearings—Returns by
Week Ending
New
West
Virginia—Norfolk
Our comparative
for the week follows:
summary
15
$
Fifth Federal Reserve District—Richmond-
At this
in 1943.
$9,694,083,626, against $9,051,182,804 for the same week
is an increase for the week ended Friday of 0.6%.
there
center
April
Inc. or
$
Bank
stands at
1943
1944
(10
cities).
—
174,845,870
First Federal Reserve District—Boston—
867,276
795,138
Maine—Bangor
738,406
8.3
562.431
4,214,544
—14.0
4,247,501
1,851,820
350,936,756
1,241,629
616,625
1,520,595
Massachusetts—Boston
Fall River
Lowell
-
New Bedford————.—
548,983,725
—36.1
341,259,769
248,697,068
3.2
1,126,308
869,603
—13.7
705,961
404,251
Dallas—
765,293
Fort Worth
1,202,748
714,264
Rhode Island—Providence—;
Hampshire—Manchester
.—:
New Haven———.
——+ '
Binghamton
•
4,885,046
1.42L529
—.
-
New
_x,
2,844,200
3,018,000
Wichita
1,603,375
1,540,606
+.
4.1
1.137,247
1,271,524
—14.1
15,327,791
15,265.814
6,138,112
5,746,234
+
6.8
4,899,056
4,257,521
7,387,349
—15.7
5,747,563
5,894,814
24,248,700
—24.9
15,362,300
14,390,300
104,281,605
96,696,772
902,806
—28.7
566,155
603,701
—34.0
393,413,870
294,449,089
Louisiana—Shreveport
Total
.'
New
Northern
Total
LL__
1.324,182
51,989.125
9.5
22,528,435
19,014,619
—
10,437,767
—
45,800,000
—17.1
3,712,200,675
3,717,767,767
14,741,805
—16.3
11,919,999
9,507,939
8,596,334
—£6.1
5,147,374
9,897,737
Franciscox—.
San
Jose
Santa
5.2
4.748,951
4,307,234
+
1.6
4,099,725
3,836,955
258,844,000
+
6.9
206,104,000
182,993,000
_L
;.
4,644,846
+
13.2
2,210.590
1,895,957
+
16.6
4,209,421
Barbara
6,508,425
4,374,682
276,620,000
Pa.sadena_____i.x_.
San
57.726,417
1.357,270
62,758,907
29,340.783
California—Long Beach
73,529,378
10.3
+
26,555.551
5,841,882,950
'•
—17.4
Utah4—Salt Lake City.
698,845
iM "
—41.7
1,381,343
1,035,926
8,889,627
107,949,909
88,708,812
2,083,035
1,172,918
1,042,458
■
■
..
90,594,560
1,162,558
2,530,000
Twelfth Federal Reserve District—San Francisco-
2,298,441
25.3
3,967,386
+
6.1
—
5,258,762
__;
Stockton
4,364,057
3,459,446
1,428,017
1,867,154
2,970,982
<
2,757,458
4,752,642
8,368,580
—24.4
637,283
—36.1
558,994
551,628
29,613,800
0.5
25,926,312
23,779,748
15.1
33,474,303
26,926,063
—16.8
3,865,699,741
3,846,646,886
40,055,582
34,786,278
5,009,343,407
New Jersey-,
(12 cities)
?..
"hii'...CO
,
56,600,000
6.9
+
3,189,000
,
70,936,371
—20.7
+
5.8
142,442,000
135,078,295
Jt: :
..
Oregon—Portland-li
407,175
•
'■
1,486,796
—12.9
1,574,530
6,334,458
:
.
9,297,611
29,480,070
—
Jersey—Montclajr—'
Newark-
■
(6 cities)
7,310,332
—63.4
1,631,070
.
•
—
—rrttTj;'!
Yakima—Li
13,336,623
.
Falls
Washington—Seattle
r+'o'i'
1,235,802
Syracuse—
Connecticut—Stamford
8,064,642
Galveston
12,346,951
York—
Rochester
1,893,020
78,680.065
9,619,610
3,069,070
62,800,000
Jamestown
2,101,553
83,335,139
2,074,924
67,103,000
1,249,142
1,306,050
—
Elmira
+
2,857,300
4,843,513,602
Buffalo
3.6
6.7
0.2
+
—
4,355,569
'(iJji'.V.
■lew York—Albany
13,545,549
1,119,247
—
/
6econd Federal Reserve District—New York—
2,730,714
115,860,897
13,576,651
2.5
408,419,208 e L;^'619,619,351
(12 cities)
Total
2,827,957
108,088,000
19,813,081
644,117
Connecticut—Hartford-
Eleventh Federal Reserve District—Dallas—
Texas—Austin..
+ 13.7
6,938,587
3,008,774
2,934,881
17,025,154
6,226,178
18,213,100
.
+
—33.1
1,337,497
——4,640,986
Springfield
Worcester-.—
New
—
3,624,049
Portland
6,019,305,004
—
+
5,290,520
Total
(10 cities)
Grand Total (111 cities)
491,070,367
10,871,138,836
4,642,725,860
Outside New York
514,065,477
9,486,239,462
_
5,029,255,886
4.5
395,649,196
329,717,307
-12.7
7,553,889,594
7,093,529,748
7.7
3,841,688,919
3,375,761,981
-
♦Estimated.
Third Federal Reserve District—Philadelphia594.610
Chester
—
521.457
848,113
[
Bethlehem
614,765
601,733
Pennsylvania—Altoona
848,305
—
+
—
3.3
515,031
642,337
15.4
552,618
635,609
0.1
580.828
466,773
1,792,428
1,738,863
577,000,000
598,000,000
'
Lancaster,
Philadelphia
2,209,880
647,000,000
i_L_—
...
—_
Scranton
,
(10 cities)
1,849,370
_TL919,469
+
6.8".
—11.6
3.5
1,438,883
2,538,799
1,341,487
2,802,212
L
_
—
7.0
—22 8
2,101,189
1,850.431
7,323,600
—20.2
9,424,100
Ji,393,900
665/74,969
752,420,397
—11.5
597,285,363
613,823,060
4,159,053
+ 10.2
3,698,133
3,609,945
103,705/159
123,790,757
—16.2
101,335,383
78,575,857
Cleveland
230,057,092
235,831,844
2.5
192,956,491
161,794,763
Columbus
19,090,800
18,399.700
3.8
16,652,400
12.444,000
ZZIII
Mansfield
Tounestnwn.
Per
\sylvania—Pittsburgh
Tital
(7
cities).
2,308,153
Bank
Clearing
As noted in
2,197,481
4.715,185
•4.287.533
271,023,807
287,37^785
635,481,265
676,042,153
—
+
+
+
—
4.9
9.97
.
2,883,760
our
were
discontinued
as
issue of Jan. 17, 1944, page
250, at the last Annual General Meeting of the Canadian
Bankers
Association
direction
returns be discontinued
on
2,372.556
4,009.921
4.507.671
5.7
201,192,913
179,573,278
6.0
522,729,006
442,878,070
not
was
given
that
clearings
Dec. 31, 1943, in view of the fact
that it had been obvious for
4,583,069
Cincinnati
of Dec. 31,1943.
1,334,357
2,486,260
Fourth Federal Reserve District—Cleveland
-Oh i o—C a n t o n
Note—Canadian
1,958,578
+ 12.3
—
sfcfeoo
York
Jersey—Trenton
1,792,683
2,914,584
"(.•,3^0,235
Wilkes-Barre
Total
732,000,000
1,729,618
3,273,011
Reading--
New
2,069,373
some
time that the
correctly reflect business activity, for the
intra-bank items do not pass
figures did
reason
that
through the clearing houses.
Volume
THE COMMERCIAL
Number 4275
159'
& FINANCIAL CHRONICLE
Per
Redemption Galls and Sinking Fund
Name oj company
American-Marietta
5%
Helices
;
American
Steel
"6%
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the
redemption
Fund,
4%
Inc.,
1949-1950
*
______
Alabama Great Southern
•»'
1st
mortgage 314%
debentures
„*llYj*_'*JJt;_
due
***May
convertible
bonds, series A, due 1967*—.*—May
r
American I.-G.
5V2%
Chemical
1st
Co.,
California
2nd
mortgage 5%
6Vz%
1547
5%
♦
2nd mtge. bonds due 1957—,—
Beatrice Creamery Co., $4.25
1
1
Ry.,-5% collat. trust bonds due 1954—Jun
i
Caribbean Sugar Co., 1st mortgage l'/r bonds due 1941—May 16
Celanese Corp. of America, 711- prior preferred stock—_May 17
5% prior preferred stock
l
Apr 17
1348
May
—May
Canadian
Chesapeake
Ohio
&
Colonial
7 %
1
1349
—May 10
May 19*
pfd. stock—Jun 30
1037
bonds, series D, due 1996—May
3Va%
Conde
Collins & Aikman Corp., 5% conv. preferred stock
Consolidated Cigar Corp., 6,14%' prior pfd. stock
Cuban
American Sugar Co..
5 Va %
conv.
Dominion Gas & Electric Co.—
"
:Y
.
6V2%
collateral
Eastern
Offices,
bonds
trust
(The
Inc.
leasehold sink, iund 5%
.
preferred
Co., 5 %
3%
1
1553
1961—May 1
—May 22
1446
-:
.
Ltd., 6% bonds dated 1909
Hudson River Day Line,
Illinois Power Co.—
1250
1
&
ref.
8
—May 31
1st mtge. 6s, due 1946
1st & ref.
Kaufmann
bonds,
mtge.
series
C,
due
—Jun
1956
mtge. bonds, series A, due 1953
Department Stores,
Oct
7 ri'f
937
McCrory Stores Corp., 3 14 % debentures, due 19551—
May 1
Stoies Co., Inc., preferred stock—
—May 20
Michigan Consolidated Gas Co.—
1355
due 1950—May
mtge. 4%
5%
Minnesota
1936
Transfer
Penn
Gas
bonds due 1957—
May
1st
3%%
mtge.
1st mtge.
$5.50
>
bonds,
series B,
due
convertible
prior
6
6
1451
,$3 dividend preferred stock,———
One Park
Pacific
Avenue
•
Building 2nd mtge. 6%
*_,——Apr
bonds—**_
26
trust 314 %
bonds due 1970,—;
.6%
1
1389
1389
Pittston
Co., class A preference -.stock
Republic Steel Corp., gen. mtgei 4Va%
due
1956
.
1
/ Power. Co.,
1597
due
1961
_
4-29
$1.50
4-13
4-
25c
3-31
1
3-
6-30
$1.37 Va
$5
■
1
4-20
4-10
Ogilvie
1
4-21
6-
1
5-13
25c
6-15 V
25c
5-31
6%
5-31
Oswego
5-
1
4-14
15c
5-
1
4-21
Owens-Illinois
50c
6-1
5-15
Pacific Power
30c
6-15
6-
$1.75
4-25
4-20
common
6-20
6-
4-26
4-19
4-26
4-19
$1
5-15
4-21
(quar.)—,
(s-a 1 —
(extra)
Shares
Co.
2
25c
25c
$1.18%
Y,
Sons,
5
4-26
4-22
12 Vac
6-15
6- 4
2 VaC
•(6-15
10c
—
Indiana-*--,—
of
6-
1
12VaC
6-15
6-
6-15
6-
(quar.i—*
5%
Corp.,
pfd.
A
Motor
4-15
1-
6-15
5-12
$1.75
(s-a) —i;-
6-1
5-15
5-25
5-10
25c
5-25
40c
5-10
5-15
4-28
4-20
30c
(s-a)——
iqcar.)
5-
25c
;
/:
Ltd.
•
77o
6- 1
5-15
5-15
4-28
25c
6-1
Rouyn
Service
$5c
6-
5-
(quar.)
1
8
6-
1
Common
in
this, issue.
$5
Co.,
6-
1
5-15
10c
6-1
5-15
6-
50c
Hearn
1
5-15
6-
1
5-15
$1.25
6-
1
5-
9
first
we
grouped in two separate tables. In the
bring together all the dividends announced the
are
current week.
which
$1.75
Then
we
follow with
show the dividends
we
a
$4.25
Investment
declared,
News
of
.7%
Illinois Power,
International
'-./v
thare
Holders?)
When
Per
Name of Company
Payable
of Rec.
'
Steel Co.
Aero
Alaska
Packers
Super Markets Inc.,
Allied Laboratories, Inc.
(A.
S.)
Co.
6%
pfd.
(quar.)
.
6-12
5-f2P'!
5-10
4-28
$5
,**___
Co., class B
Assn. (irregular)—
Albers
Aloe
75c
10c
(quar.)
Supply Mfg.
5-10
4-29
4-
1
3-22
$1.50
6-12
4-20
6-24
1
6-
Amalgamated
Leather Cos.
6%
preferred
6%
preferred
American
,
Extra
5-15
7-
75c
Barge Line
(quar.)
—1
Fidelity Co.
*
—
(quar.)
5-
15c
10c
---
7%
(quar.)
pfd. (quar.)—_
1
4-20
5-
1
4-20
'
(N. Y.)
;
6-20
7-28
——
4-28
4-21
40c
5-31
5-
6-30
$1.06V4
6-
5
2
1
4-24
4-15
4-14
5-
1
4-30
5-
1
4-30
12 VaC
4-20
4-10
68%C
6-30
30c
5-
5
4-20
4-20
50c
5-15
4-29
$1.50
5-
1
4-20
5-
1
4-20
$2
5-
1
4-21
4-28
4-21
35c
5-
4-20
5-15
4-24
6-
1
5-
5%
7-
8
4-21
25c
5-
1
6-
1
5-
$1.75
4-28
4-28
6-15
6-15
5
*-*-
"
5-
5-
4-25
7-
1
1
1
6-20
Cement,
—
5-15
5-15
5-15
30C
*
3-
2-25
6
(quar.)**
25c
8-
1
7-14
10-
2
9-14
Corp
—
common
(quar.)
(quar.)
5-
1
4-21
Liquid Carbonic Corp., common
50c
4-15
4-14
■,
(quar.)
(quar.)*
*
25c
5-12
5-
75C
6-
1
5-12
75 c
Liggett & Myers Tobacco,
preferred A
.
$1
common
6-
1
5-12
25C
6-
1
5-15
8-
1
7-15
»-* to
of
N.
2
4-lEr
4-20
5-
$2c
4-18
1
1
4-20
5-10
$1.75
*
1
4-29
5-
4-26
J.—
6-15
5-15
50c
6-15
5-15
$1.75
6-15
5-15
$1.25
(quar.) —_.—*—v,*u—***— ,;; /
(quar.).
**_i
5-15
6-15
6-30
5-29
6-30
5-29
5-15
4-24
$5 pfd. (quar.)
(quar.)**
Randall
Reynolds
Class
(R.
Oil Co
Rochester Gas
—
$2.50 convertible preferred
Paul
Fire
common
Bank
6%
preferred
Co.,
Company (reduced)—*:
—_
Sioux City Gas & Electric, common——*—
(N.l,
(quar.)*——
—
Ltd.
(quar.)—
Pulp Co., common (reduced)
6% preferred (quar.)_—
——
Standard Stoker Co.
(irregular)————_
State Street Investment Corp. (stock div,)*_
.
Soundview
Swan
4%
6%
Finch
2nd
Oil,
preferred
Power
7%
&
(quar.)**
$6
(quar.)*.—.
preferred
$1
$3
Wellman
West
^fquar.)
4-20
5-
6
4-29
5-
6
4-29
5-10
4-29
5-10
4-29
5-10
4-29
$30c
30c
$1.50
5-
3
4-15
5-25
5-15
5-25
5-15
6-
1
5-19
4-15
4-14
5-10
6-
1
5-
1
4-17
5-17
5-
1
6-
1
5-15
6-
1
5-15
4-20
4-12
6-
1
5-11
5-
1
4-18
5-
1
4-18
5-
6-15
5-25
35c
6-15
5-25
*—*:**_-
(Phila.)
•
1
—
1
4-22
6-20
4-28
4-25
6-15
5-12
6-15
5-12
$2.25
(quar.)
7-10
+$1
t25c
—
5-1
4-20
10c
25c
6-1
5-16
6-14
6-
5-
$1.50
$2.50
25c
Gooderman & Worts—
(quar.)
Co.
of
Wisconsin—
(accum.)
Engineering
Virginia
4-20
1
10c
Barii^Trust
Manufacturing
preferred
4-20
1
5-15
(quar.)**
preferred
1
55-
25c
—
United New Jersey RR. & Canal Co.
U. S. Freight Co. (interim) _1
Walker
5-
$1.50
$1.75
—
(quar,)*.
*
(Hiram)
4
4-22
1
—25c
Trademen's National
Walker
5-
5,
$7
pfd. (accum.)
(s-a)*.
preferred
common—YY.——
conv.
4-12
5-15
37V2C
(John R.)
Roofing,
$1.40
Oil
&
Light,
preferred
Thompson
i
-—_—
Ry. Co., 7%
Coal
Pacific
Texas
4-17
$1
25c
10c
preferred (quar.)—*.
Texas
4-3 4
$1.50
Co., $4 2nd pfd.
common
Tennessee Central
Tilo
Securities
Electric
4-22'
1
100%
Strawbridge & Clothier—
6% prior preferred A (quar.)**—*
Suburban
5^15
1
5-
50c
—-
Silex
preferred
1
5-
15c
40c
$1.75
—
Signode Steel Strapping, common
$2.50 preferred
(quar.)—.
7riv
6-
62V2c
common**—
tquar.)—
5^15
25c35c
$1.50
25c
;——
Power
5-12
1
50c
——
Corporation
Pacific
5-12
1
6-
Ang.)—•
(Los
Quarterly
Sheraton
1
6-
$1.75
$1.75
$2
15c
Dillon- (Irregular )—:—
6-
62J/2C
(quar.)*—*
preferred (quar.)——
& Bolt, 7% preferred (quar.)
Marine Insurance (quar.)**
&
4-15
15c
(quar.) "
7%
Louis Screw
Scotten
4-25
4-25
4-20
$1.50
$1.25
(quar,)—**——
Rustless Iron & Steel Corp.,
St.
5-15
5-15
lc
preferred series E (quar.)**—*******
St.
4-20
4-22
Electric—
&
preferred series D
57y.
Louis Car,
1
35c
35c
*
6%
St.
i
1
Tobacco Co.—
J.)
(quar.—interim) ————
(quar.—interim)——*****
B
55-
50c
13%c
Co., class A (quar.)*—
—***_
Republic Drill & Tool, 55c conv. pfd. (quar.)
Common
5-15
30c
5-
$1
$1.50
Mines—__—*—*_*_
Quarterly
5-20
87V2C
'
1
Storage—
(monthly)
preferred
4-15
25C
*
1
:
$2
4-28
$1
7 VaC
(quar.)
Aircraft Products
Class'B
1
$1.25
$1.75
Puget Sound Power & Light**——**—:
30c
6-20
5-
$1.50
$20
—
(resumed)
Portland
preferred
7%
7-18
$1.46
(quar.)
preferred
412 7s
6-30
15c
$1.25
(quar.)
*
25c
:_j
4-28
5-16
15c
(increased
Co.
6-15
1
4%
Liberty
American Book Co.,'(quar.)
American
Cady
Lehigh
6-1
$1
,
Corp.
Extra
&
1
25c
Lansing Co.
Inc.—
(accum.)
Detrola
1
Lee
5-
5-26
5%
Kings County Trust Co.
Klein (D. Emil)
Co.*
5-12
5-
25c
.
:*
15c
50c
■*__,
(quar.)
Alpha Portland Cement
preferred
quarterly)
Kaufmann Department Stores, 59J> pfd
Keith-Albee-Orpheum, 7% preferred
Kentucky Utilities Co.—
7% junior preferred (quar.)—*
Bros.
5-15
5-25
50c
75c
15c
$1.75
International Harvester,
Kable
4-27
,5-15
50c
$1.50
$6 preferred
*
preferred (accum.)
Imperial Chemical Industries Ltd.—•
Ordinary shares (final)—————
The dividends announced this week are:-
Acme
.*——
preferred (quar.)**.—
preferred (accum.)*
—
Department" in the week when
Industrial and Miscellaneous Companies
(quar.)*.—
6%
& Power,
Co.,
preferred
8%
.
4-15
1
75c
(quar.)**
Hussman-Ligonier, 5¥2% preferred (quar.)
Hygrade Food Products Corp.**
;—*—
i
6
15c
(accum.)—*.
common
(quar.)*—
6%
preferred
Loan
Hub
4-20
4-29
(quar.)——
preferred
Slater
class A
Westmore,
Houston Light
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and
preferred
(Joseph),
House
previously announced, but
...
:————
—
5-
68%C
*
—
Electrochemical,
Home
second table in
5-10
4-29
5c
30c
Public Service Electric & Gas,
5-11
7-
Co.—
convertible
Hooker
15c
preferred (accum.)
6'/o.
Corp.
preferred
Sierra
***(—
:
1
7-20
$1.50
Pineapple Ltd-oai——
Storesv; 6% pfd. (quar.)_
Battery
6-
——
*
Spencer, Bartlett & Co. (monthly)*
Monthly
Hobbs
5-26
.—*—_*
Security-First ;National
25c
*x
Times,)Inc>,f 5J/2Vai pfd. (quar.)_*_*
Elecii& iUtil. 6Vc!-lst pfd. (accum.)
Monthly
Dividends
— *
Department
Hibbard,
DIVIDENDS
preferred, (quar.)
Cqu^r,.^, —
preferred* J quar!
Hawaiian
♦Announcement
3-20
4-20
_
—:
Cold
&
(accum.)
7%
5-10
50c
$22 V2C
—
———
61c
Havana
5-10
5-10
Co.
Gold
6"fa.
5-15
(quar.)*^—
preferred
Rice Ranch
(quar.)—
1391
682
4-25
5-25
$1.75
(s-a)—
.'
Warehousing
Public
$5
RR.
*■*—
Powell
4-15
(s-a)-****-.—^--.-----^1--.. /.It 15c
25c
(quar.)_.
Stores
1391
1
1
5
15c
——**__**——
Governor
Common
621/2 C
(quar.)——
preferred
Squibb (E. R.l & Sons, $4.25 preferred stock—
;
._May 1
Superior Oil Co. (Calif.), 3V2% debentures due 1956May 1
Universal Pictures Co., Inc., 5% conv. debs, due 1950—Apr 24
Jun
3-20
4-
4-27
—;**a
Extension
Portland Gas & Coke,
Corp.—
—_
preferred
Irregular
6-1
8 7 VaC
—*.——
(quar.).
Delaware
Philadelphia
1
6-15
&
Pierce
1
25c
Michigan*—_
of
(quar.i—
preferred
$1V4
Ho,rbiso 11 -W,al)4e» Refractmlies Co.—
Co., Inc., first preferred stock-;
1
4-
5-
Pennsylvania-Central Airlines Corp.—
1597
Raalte
7-15
27c
Co.___—
—May 15
Van
1
1
(quar.)*
Peerless Casualty
1390
Hartford
5-15
8-
1
(quar.)*—*_—*—*,
Light, $6 preferred
6-10
10c
1291
1
25c
Co.
6-30
?0
Apr
4-20
6-
10c
75C
Hanna
—
4-20
1
7-
*
(s-a)————■—..—i—_
A.)
1
5-
6-
Corp.
!
B
5-
5-
(quar.)*—
Peaslee-Gaulbert
Cotton,-.Ltd. <quar.)__*_
class A (quar.)__—__—
(M.
2
22,/2C
;
(irregular)—
(Irregular)**—
preferred
&
4-21
$25d
$$1.75
(quar.)
Extra
Glass
1
25c
(quar.)*
common
Falls Corp.
6-
5-
15c
*
6-10
-
Extra
Class
non-cum.
5-19
6-15
20c
(quar.)
Olympia Brewing Co., common
6-15
—
5-15
6-10
87MzC
■
(quar.i
preferred
9c
(quar.)
6-10
50c
6-30
Mines, Ltd.
1290
Mills,
d-10
50c
——*_*_
Consolidated
4-10
Flour
1
$1.75
'
*
(quar.)
Oil
4-28
6-
$1.25
5-
.7%
5-15
1
Corp.—
Bancorporation
Noyes (Charles F.), 6% preferred
5-
5-15
6-
15c
*
(quar.)*
preferred
American
6-15
Dock—
25c
Corp.
Brothers
Finance
preferred
Prior
North
4-24
5-15
25c
(quar.)—
American
77r
7
•—-
preferred
North
1
1
25c
———
———
30c
Hancock Oil Co.,
1
Jun
_.
Shamrock Oil & Gas Corp., preferred stock,
Simmons Co., 4% debentures, due 1952
4-17
5-15
4-25
55-
6-12
$1.75
Dry
&
(quar.)„_—__
common
Brewing Co.
Foods
Hamilton
1290
May
„___*_
5-19
4-24
4-21
4-29
(irregular)
Shipbuilding
7%
Finance
Hallnor
bonds, series C,
———4La„——,
Newport
Great Lakes Dredge & Dock
Apr 29
Louis, Rocky Mountain & Pacific Co., 1st mtge. 5s„May" 1
San Jose'Water Works, 1st mtge;<3%% bonds, series A,
5
Passaic
Brewing Co.
class A
Hale
St.
5
5-
Granby Consolidated Mining Smelting &
1452
1
5-
6-1
4-24
preferred B
General
5%
Philip Morris & Co., Ltd.. Inc., 3% debentures due 1962_May
f 3% debentures due 1963*
,_May
6-1
Common
5-16
1
25c
•
$2
preferred
News
5-16
6-15
5-
$1,50
(quar.)
New Process Co., common
7%
preferred (quar.)**
6%
6-15
;■
preferred A (quar)**
England Water Light & Power Assoc—
5-
$2
'
Lead Co., 7%
5-15
$30c
■.
*
Graham-Paige
1
1
5-15
common
4-20
preferred
General
1389
——May
——
New
5-15
$2
Fibres, Inc.—
$1.95
Cigar Co., common—,—*_,T—_—
7$. preferred (quar.)^*__i_-*__--i_--_*—
1451
Ry., 5% collat. trust bonds due 1957——May 1
Pennsylvania-Central Airlines Corp., preferred stock
May 15
Pennsylvania Water & Power Co. ref. mtge. & collat.
4-20
1
5-15
1
6-
$$1.25
20c
convertible preferred (quar,)**.
National Container Corp.
(quar.)_—•—*
National Dairy Products (irreg.)—
National
6-15
40c
.
G'/r
3-15
5-20
6-10
6-15
share outstanding)—
50c
General
1451
6
May
Electric
5-
43%C
/
1
3-16
5-20
Inc.—
(one-third share of
for each
National' Automotive
Industrial Securities—
$3.50
1451
——————May 16
preferred stock
3-31
25c
(Peter)
1451
___*_May
——
3-15
5-
3-31
J$1
(irreg.)*,
1
Brewing
Luxe
De
Fulton
———May
1955
3% bonds, series C, due 1956
4-26
3-31
(Utah)
5-1
Corp.—:
Luxe
Fox
Oklahoma Natural Gas Co.—
•
.
1388
IV
5-26
25c
.
5-15
6-10
5c
(quar. >*—
5-
Trust Fund
Mutual
Fox
Co.—
1st mortgage & lien 5Vs%
4-20
$1.75
.
Preferred ."_„*****_:*—.
1044
Apr 24
5-10
stock
4-20
1
37'/2C
(quar.)
$1.50
Fox
debentures,
25c
5-15
Airlines,
Stock dividend
4-25
4-28
5-
94c
Mountain Producers Corp. (s-a)—**;
—
Munson Line, $4 preferred —————
4-27
•
4-20
5-15
$$1.75,
$1.75
(William)
De
1
.5-1
15c
.
(s-a)—
of Nova Scotia
Fuel Supply
4-20
1
10c
(quar.)—YL—
1288
First
5-
5-1
6. 1%:
:
RR.
60c
—
preferred
1558
Niagara Share Corp, of Maryland, 514%
North
4-22
'
—
1
dated
*Jun
4-30
$1.75
(quar.)
1st mtge. 3 Vis, ser. A, due 196l_May 15
——
4-22
25c
(quar.)—
1288
bonds
4-30
Mountain
4-27
5-
$1
——
Northwest
com.
1
3%%
5-25
5-15
5-27
30c
87Vac
tquar.)_*__
Cleveland
of
5-29
4c
30c
t$l
Extension
Bank
1
25c
(quar,)
Ltd.—
55c '
(quar.)
mtge. inc. bonds—May
mtge.
1
$3
.4Will preferred (quar.)—__—
Fire Association of Philadelphia
1st
6-
,
(quar.)
1449
Ry.,
Mortgage Corp.
50c
Co. tquar.)
pfd.
G'h
1449
—————
——
New England Power Co.,
Morris Plan
•
Essex
6-21
4c
35c
1
gen.
4-15
,50c
(quar.)_
pfd. (accum.)
.1
Minneapolis & St. Louis Ry., 4%
V'fr
1
5-15
1
5-10
5
6-15
(s-a)***——*,
common
Cottons, Ltd., common
preferred (quar.)__——
4-28
5-
25c
5-
7-
$3
*
(s-a)———,
Co.,
1
V
Corp. .(increased)———
& Co. Inc., 1% preferred (quar.)
Enamel
(R.l
National
Federal-Mogul
Filene's
5-
5
5-15
(s-a)—*
25c
(quar.i
preferred
Ferro
Mitchell
$1.25
____
Co.
—May
;*.*_*_
1944-1948—.——
Co.,
20c
(quar.)
(Pittsburgh)
6%
Co.,
J.)
Oil
preferred
$1
——
Gregg
87r-
6-
$4c
;
5V2rU: preferred—-
Trust
Bake Shops,
Felin (J.
6-1
5-
50c
——
Midwest
$1,50
—;*
(quar.)
———_rMay
bonds due 1963—
serial notes due
&
4-15
4-21
5-15
•
1st preferred—
Extra
:
Morris &
—_
.
(quar.)
preferred
Federal
Mercantile
1st
4-10
(special)———_
Ltd.
Mfg..
Investment
Fairbanks
1288
1
4%
4-20 "
<
4-24
50c
;*_
4-30
Co
Duquesne Brewing
1355
bonds
B
Diocesan
Faber Coe
„
Mayflower Hotel Corp., 1st mtge. 5%
preferred
Dewey & Almy Chemical Co.,
Inc.,
preference stock—Jun 15
Keith-Albee-Orpheum Corp., 7% preferred stock——Jun 15
Litchfield & Madison Ry., 1st mtge. 5s, due 1959—
May 1
Macy (R. H.) & Co., Inc., 2'/a % debentures due 1952—May 1
&
(quar.)
4-30
& Power—
Coke
&
Co.
5-15
(quar.)
___——__—— «
Sugar.
Frank
5-15
1
4-18
5-15
(interim)
Montreal
Louis——.—
of St.
Mills,
&
Mickelberry's Food Products
Cigar,
Gasket
•.—Class
1447
1
Coal
Detroit
1447
1
Meier
Metropolitan Coal Co., 5%
5-
1
4-27
$1.75
—*
5-15*
Derby Gas & Electric Corp
1148
July
5-15
5-
50c
5-
(s-a)*
Massacnusetts Bonding &; Insurance (quar.)*
Mayfair Investment Co. (California)
4-10
Railway & Terminal Co.—
(quar.)
Davis
1
4-22
5-25
—
5-17
Squarfe Garden—.—**.
Red'Lake Gold Mines
17 Vac
(s-a)
1
$1.50
Marine-Bancorporation, pfd. stock
Initial stock
(quar.)*
Trust—
(quar.)
Dallas
936
1
Madsen
3 7 Vac
(quar.)
6-
——
Madison
4-22
1
9-20
$1,50
————,_r*
6-26
5-
'
1
1
*
Phila,
*
6- 1
(quar.)_tY——
Cuban-American
1
6-20
7-
:
of
5-10
5-1
4-19
5-21
6-30
10-
(quar.)
*
Co.
10c
;——
preferred
Imperial
5-
4-29
5-31
$2
4-29
5-15
,25c
1
5
$2
,
Corporation
Lynchburg & Abingdon Telegraph Co. (s-a)
$1.50
$$1.50
**_ *___
Crosse & Blackwell, $1 partic. 1st
•
1st
Y
7% preferred
'
Juri
•
-
%
6-30
5-15
(quar.i
(quar.)
Covington & Cincinnati Bridge
♦
preferred stock
Grocery Store Products Co.—
Collateral lien 6% bonds, due 1945
5-15
$75c
preferred
Cosmos
5-
$1
6V2% preferred-*--——
Consolidated Rendering Co.—
stock--
debentures due
30 c
'
$2.40
mtge.
gold bonds, ser. A, due 1946—Jun
Firestone Tire & Rubber Co.,
Hawaiian Irrigation Co.,
1st
5-15
$1.50
Investment
Publications
Nast
Consolidated
>
Lynch
Insurance
37 Vac
Fund
5Y
(quar.)—
5-15
4-22
$1
Bleachery Inc.—*
1
20c
(quar.)
$2.20
May 15
Bldg.
Foods,
Connecticut Light
.
1945
Graybar
Engineers Public Service Co.,
Fruehauf Trailer
due
Columbus
preferred
6-
±
Association
(quar. I
$6
8
1
Light Co.—
Lunkenheimer Co.
12V2C
(irreg.
Manufacturing
preferred
Lowell
—_*
pfd. A
(accum. >_
Dental
5-
1
4-29
Steamships
Columbus
Louisiana Power &
(accum.)*
Light & Power, $6 pfd.
Bottling Co.
4-24
$$2.50
Wilmington & Franklin Coal
Clearing Machine Corp.-—ic;——i:—w—
Coca-Cola
1
2c
preferred
Co.
5-
4-15
4-22
5-
75c
4-24
6-
1
$1
*
1
3-31
(accum.)
&
(quar.)j
5-
5-15
4-
5-
$1
—
*
preferred (quar.)
Lord & Taylor, 1st preferred
1
_.4_—
(irregular)_*
M.)
preferred
.6-
Chicago
Ry.—
Ref. & impr. mtge.
..
87ii
Power———————
Investment
(A.
$2 class A
836
Pacific
8 Y
5-15
$1.50
Railway Signal Co.—
Cherry-Burrell Corp.,,common (quar.),
5'v, preferred (quar. )___*__
Chicago Electric Manufacturing Co.—
1347
preferred stock.,:
Canadian Canners, Ltd., 1st 4s, series A, due 1951
4-26
1
Central
1346
Apr 28
1
6-
of hee
15c
(quar.)**.
(monthly)
common
$$1.50
B„ (quar.)
preferred
Castle
1442
1
5-
Howere
4-15
10c
Co;
((monthly)
Pipe,
vrnen
Payable
$1.50
(monthly)
Common
Lumberman's
•_**•
International
Canadian
1548
Bay way Terminal Corp.—
inc.
(quar.
Insurance
Central Ohio
————-—
20-year 6%
Fire
Canadian
Baumann
(Ludwig) & Co. Warehouse, L. I. City, 1st mtge.
serial bonds
.May
Common
(quar.)—
6%
Mills
Camden
1547
Electric Co.,-$6 preferred stock————May 15
Bangor Hydro-Electric Co., 1st mtge. 3%s, due 1956——July 1
Lock Joint
5-31
$1.74
'•
(quar.)
preferred
6%
1547
Atlantic City
4-20
5-31
t5c
Co., common
Electric
Callaway
bonds
—May 10
income bonds, series A——-—May 10
income mond3, series B
—;
May 10
1
6-15
31c
(quar.)
California Water Service, 6%
929
1
5-
____,
(quar,)— ■*—
1st preferred
Buell Die & Machine
Inc.—
mortgage 6'fc
(quar.)
Share
(accum. i—
—
6-15
15c
(quar.) ———————,;
Hills Falls
*
$1
preferred———
$6
Extra
Theatres
75c
Buckeye Steel Casting, common' (irreg.)—:—
6'/>. preferred (quar.)—————_—
Corp.-—
———May
5-31
——
(H. C.),,7%
Calgary Power,
mortgage •series C 4 %
2nd
Toronto
preferred
Buck
1441
May 22
debentures, due 1949
conv.
Arizona. Edison
of
6%
——May 22
.
6-15
50c
Boston
60c
preferred
Bohack
**__—__*_—May .22
SVgs, due Jan. 1, 1960
33/4S, due Jan, 1, 1970—
;
Electric,
Mines
Bloch Bros. Tobacco
sinking fund debentures—
2%s, due Jan, 1 1950—i_i
.
Loew's
Company
preferred
25e
iquar.i
Bank
1345
__
4-10
ha me of
Brothers, 6Y
$1.50
(quar,)
Belding Heminway Co.
1
1
common
Baldwin, Co.,
conv.
American Gas & Electric Co.,
City
Gold
Aunor
1441
debentures due 1952—May 18
(American, British & Continental Corp., 5% debentures
due 1953
Aug
1
,
Atlantic
RR.—
Allis-Chalmers Mfg. Co.,, 4%
5-
6% preferred (quar.)—
Atlas Plywood Corp., common
(quar.) *_'_*__
$1.25 preferred (quar.)
*_**__**,*,*•
Page
1
Lit
$2.50
,
**__
Bank of Montreal
Date
4-10
Atlas Corporation,
or
Company and Issue—
Power,
rer
<
of Reo.
1
(quar.)—*u,
(s-a;
tioiaert
5-
;
Missouri
preferred
Atlantic Macaroni Co.
last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Affiliated
Foundries
nen
Payable
$1
common
.**__
Company
Arkansas
list of corporate bonds, notes,
a
class A
preferred (s-a)
Appleton
Below will be found
Co.,
1y
share
1689
Coal
&
*——
Coke
(irreg.)
West
Virginia Pulp & Paper Co.—
4V2%
preferred
(quar.)
Westinghouse
Air
Brake
:—
Wheeling & Lake Erie, 4% prior lien (quar.)
5V2% preferred (quar.)
—
$1.12V2
25c
$1
$L37I/2
,5-15
5-
6-15
•
5-1
5-
1
4-2.
5-
1
4-2'
1690
When
White
(S. S.)
Wurlitzer
Dental Mfg.
{Rudolph)
Young (Thomas)
Share
Company
iquar.)^__
{irregular)
Co.
Fuel
&
Iron
Columbia
Gas
&
Weeks
dends
Abraham
&
4-25
5- 1
5°
4-30
pfd. (quar.)__
tS1.25
1
5- 1
preferred (quar.)__
12/2c
5- 1
75c
75c
4-29
5-15
5%
Aluminum Co. of Canada,
American
(quar.)
Co.
Can
•
_______
75c
30c
35c
5-
1!
4-15
6-
1
5-15
Instrument^ 6% preferred (quar.)
Harris (A.) & Co., 7% preferred (quar.)__L_
4-29
Hart
20c
Traction, common (quar.)
(quar.)..———
—-
6'
preferred
$1.25
Connecticut River
6%
preferred
9-25
12-31
B
12-25
$1.50
4-
(quar.)__
37V2C
5-
1
4-
Goods, common___
—
(N. Y.), $5 pfd. (quar.)
50c
5-
1
Dry
$1.25
1/
Laundries, $7.50 pfd. (quar.)_
(irregular)
_________—
4-21
Common
5-25
Consolidated
8-25
Common
1;
4-15
6-
l;
5-15
50c
________
11-25
4-14*
Consolidated
4-18
Consolidated Vultee Aircraft Corp.,
4-18
65C
3-31
15c
5-12
4-28
t50c
5-15
4-14
4-17
4-17:
7%
$1.25
75c
$2.25
$1.50
t5c
(quar.)
preferred
prior
conv.
1
____________
Crum & Forster, 8% preferred (quar.)______
Cudahy Packing, 6% preferred (s-a)-.—-—-
5- 1
7- 6
7- 6
4-14
preferred (s-a)
Culver
6-30
5-
1
:
:
5-
1!
4-20
10c
(semi-annual)—
8-25,
6-24
10c
10c
5- 1
5-15
Cuneo
37 '/2c
5-
t68%c
5- 1
4-11
$1.12!/2
Argo Oil Corp. (s-a)—————————15c
( Extra
—
10c
Associated Tel. Co., Ltd., $1.25 pfd. (quar.)
31'Ac
Atchison Topeka & Santa Fe„
$1.50
5- 1
4-11
5-15
5-15
4-15
5- 1
6- 1;;
4-15
$1,121/2
(quar.)_—_____
50c
Curtis-Wright Corp., Class A_____C-—---~\
$1.50
Dallas Power & Light, $6 pfd. (quar.).
$1.75
7%
preferred (quar.)
—
$1.25
Davenport Water, 5% preferred (quar.)
25c
Dayton Rubber Manufacturing, com. (quar.)_
Anglo-Canadian Oil, Ltd. (interim)—
^nglo-Canadian Tel., 5'/2% pfd. (quar.)___
Appalachian Elec. Power, 41/2' pfd. (quar.)
—
_
-
—
,
Atlantic
Line
Coast
Avondale
Mills, common
7c
—
—
Common
——_—
—
Badger Paper Mills, 6% preferred (quar.)—
Bathurst Power & Paper, class A (quar.)
75c
J25c
50c
$1
$2 conv. pfd. (quar.)——
(Bklyn.) (quar.)_—
& Hedges,
Bensonhurst Nat'l. Bank
Best
&
Company
(quar.)_;
common
40c
25c
—
Electric,
(quar.)———
Birtman
$1.75
Bloomingdale Brothers, Inc
—,c__22JAc
Blue Ribbon-Corp., 5% preferred (quar.)____
$62V2c
Bon Ami, class A (quar.)-—-——
-■
$1
.Class B (quar.)
_—
62'Ac
Booth Fisheries Corp., $6 preferred (quar.)_
$1.50
$7
(quar.)
preferred
(quar.):.—
—
4-21
Dividend
4-14
Dixie
4-15
Bronxville
Trust
Y.)
(N,
(quar.)
Dome
.4-15
4-10
4-28
6-23
1
25c
$1.25
$1
25c
20c
J5c
$1.25
15c
37Vic
$1.75
,25c
5- 1
5- 1
5- 1
Brooklyn Union Gas___
Buckeye Pipe Line Co
Buffalo
Butler
5'
Byers
Gold
Ankerite
Bullock's Inc.
———
(quar.)_
:
(quar.)—
preferred (quar.)—
convertible preferred
7%
(A. M.),
Cable & Wireless
5Vi$>
$1.50
,
——
Linen
(Holding)
Mills
preferred (quar.)—
preferred (quar.)
Electric Power, $3 pfd.
California Packing Corp.
preferred
(quar.)—_
common
Ltd.—
preferred
(quar.)—:
of Commerce
5%
Ltd.,
Bronze
preferred
Canadian
Class
t$1.50
t85c
J37Vic
f$1.25
$75c
(quar.)
(quar.)
(quar.)
._
_____
Shares, Ltd.
Investors
(quar.)_____—
Extra
;
5'
preferred
Common
(annual)—
1
5- 1
4-
(reduced
25c
5-
1
4-
6-
1
5-
5-
5-
1
Century Ribbon Mills, 7'
Cerro
de Pasco Copper
Chain Belt Co—
5-
1
$7
1
4-15
1
6-
1
5-
1
5-25
Chain Store Investment
Corp.—
'
ifeup)
7%
Foote
5-
1
60c
•
5-
1
4-20
1
$1.25
New
Orl.
&
Texas
Pacific
5% preferred
preferred
9-14
pfd.
j
1
5-
1
4-25
4-29
4-20
1
4-20
-
5-
$3c
5-1
f ?3c
5-10
.
Deposit
Co.
Power
Corp.,
,
3c
$1,25
■;
•
6-
,6-28
Vt/5-29
67o
(Syracuse,
»
Water
1
1
9-15
5-
1
4-17
(Jersey City)
7%
4-19
4-26
4-19
5-15
4-15.
——
—____
—
Co.
pfd.„(accum.)
Leitch Gold
Leland
Lerner
Steel
partic.
Corp.
(quar.)
Wares', Ltd.,
preferred
Genesee
Brewing,
Stores
Corp.,
41/2%
5-
1
4-10*
5-
1
4-10
25C
4-29
4-17
f 25c
5-15
4-15
5-
1
3-31
5-
1
3-31
.
t$1.75
.
f44c'
5-
25c
(annual)
r
$1.25-
'
5-
;
4-1
5-
$1.75
5-
5
5
4-13
1
C
4-25
4-15 '
4-24
4-
4
10c
7-
1
6-15
7-
1
6-15
5-
75c
4-14
1
4-28
4-10
5-
1
4-15
25c
5-
1
4-14
7-
1
6-14
5-15
4-15
5-31
6-15
$1,121/2
5-
1
4-20
5-
8
4-18
25C
6-10
5-26
871/2C
5-
1
4-20
30c
5-
1
4-25
(Ft. Wayne)—
=—
—t
30C
7-20
8-1
—
_—
Belt
61/2%
Co.,
common
10-26
Participating
1
6-15;
6
■
4-15';'
5-
1
10c
6-
1
5-12.
10c
6-
1
5-
6-
1
5-20
4V"
25C
6-
1
5-20
$1.25
9-
1
8-21"
25C
9-
1
8-21
.
preferred (quar.)_—
Participating
———
6' preferred (quar.)—_—
»
5-
7-
$1.25
5%
-
1
$1.12'/a
preferred (quar.)
Participating
1
6-
,
(Maryland) (resumed)
Long Bell Lumber (Missouri) (initial)——
Longhorn Portland Cement—
5 '
11-
50c
$1.62'/2
——
preferred
Long Bell Lumber
4-20
1
1
4-30/
50c
(quar.)——
pfd;
.
4-10
$1
7-18
1
50c
(quar.)__
(quar.)
Liquid Carbonic Corp.—
<41/2% preferred: A (quar.)__
'
3-10
1
1
6-
$1
Electric
Quarterly
Quarterly
Link
4-22
4-25
5-
8-
30c
4-15
5-1
,
4-20
$1.25
(interim)
Safety Razor, $5 preferred (quar.)_
—
(quar.)—
Lincoln National Life Insurance
35c
(quar.)_
(quar.)
common
Mines, Ltd.
4-14
1
4-15
J2C
1
1
6-17
1
50 c
—
5-
$1.75
Participating"'
"Gillette
(quar.)——
(quar.)
6-15
5-
1
5-
20c
9-15
$1,121/2
:
com.
preferred (quar.)__
-—;
5-29
1
^
Co.
Libby McNeil & Libbv
4-15
'
7-
'
5-22
:
preferred (quar.)
Corp., $5 preferred
Valley Gas, 6%
1
5-
9
$1.50
62 Vac
$1.25
1
(quar.).
(quar.)
Motors
——
(quar.)
2
15c
5-
22c
(quar.)_—
& Co.
7-
75c
4-11
1
37'/a
common.....——;——.
10-
6-10
5-15
1
6-
-
t7c
37 '/2c
5-1
5-25
5-
50c
$1.75
(increased)
Libbey-Owens-Ford Glass Co.;
Liberty Loan Corp., $3.50 pfd; (quar.)—
20c
6'
$1.75
4' preferred (quar.)_^
5
,50c
5-20
,15c
,
Lehigh Portland Cement, common
7
$1,121/2
4-30.-
5-29
$1.50
(quar.)_
———
Lee Rubber & Tire Corp,
4-19
1
4-
5-20
10c
_
(initial)——
Company,
preferred
Lebanon
5-15
5-
& R.)
(F.
Mines
Leece-Neville
5-15
5-15
Luz
$2.50
6-23
5-
4-30
5
4-26
25c
3-29
8c
5
4-29
1
4-14
4-29
12-
5-15
6-
3-3L
4-25
12-15
La
1
4-28
,4c
.
,—
371/2 C
common—
5-10.,
$1.75
Leath &
15c
Co.;"$3 conv. pfd. (quar.)_
1
4
4-18
6-
-
6-
9-
4-15
$1.75
preferred (quar.)
6% prior pfd. (quar.)
5-10
9-15
Lazarus
—
;
$1.50
1
$1.75
$2
common
4-29
6-
i2c
preferred (quar.)—
preferred (quar.)—
_____
—
7% preferred (quar.)
,_L_
Lane Bryant, 7' preferred (quar.)—
1
871/2C
4-
$1.25
7%
4-29
4-
4
4-
5-
5
$1
6-30
4-
7%
1
4-15
4-29
6-
4-10
preferred-
15c
6-15
4-29
62c
4-10
$1.75
4-10.
.
4-28
8-
4-29
20c
9-
12-
11-
8-11
25C
5
9-15
12-15
11-15
8-15
$1.18%
6-3-
6-15
15c
25c
(quar.)
-
6
10-
20c
preferred (quar.)
(quar.)
$1,061/4
J.) (s-a)
5-
$2.95
5-15
Common
5-
4-20
'
8-15
Common
$1.50
4-17,
■"
25c
9-16
4-
5-15
25c
10-1
(quar.)
Baking Co.,
Shoe
7%
_
|
*
1
5-
t5c
Lamaque Gold Mines, Ltd. (interim)
Landis Machine, common (quar.)
6-16
convertible
General
4-10
5-
100'
(quar.)
2nd preferred (quar.)—
7'
9-15
1
1
6-
11/2C
$1.75
2nd preferred
7%
6-15.
5-
4-15
5-25'
$1.25
common¬
Kroger Grocery & Baking, common
6% 1st preferred (quar.)——
12-15.
$4
6-16
1
15c
(quar.)__.
37'A c
,
,
1
$1,061/4
(quar.)
common—
Works, 6%
1
7-
9
4-28
7-
10c ;
(s-a)
———________
Co.,
Creamery
preferred
60c
9-16
9-30
9
6-
5-
$1.50
(s-a)___coi
——
Kokomo
'
prior preferred
General
4-14
■
4-2$
6-
:
'
(stock dividend)-!
& Co.
Extra
5-15
>6-30
4-15
.
5-26
3 V2 pesos
—:
class A (quar.)_
Lake Gold Mining
Knudsen
8
lilO- 1
1.
i
$1.25
(quar.)
Bros. Gear & Machine,
General Mills
-
1
■
4-20
f
8-10:
1
,
J2c
___——
(Walter)
Kirkland
4-14
,
15c-i
■
(Md.)
Electric
Gas &
General
$1.75
'
.
4-15
1
______
Knickerbocker Fund
4-15
•,;5- 1
!
11-10
1
5-
Kerr-Addison Gold Mines———.
; $1.25; ,12-30
General Foods Corp.. $4.50
11-15
$1,25
(quar.)
Ltd.
$1.75
t7J/2c
,
1
5-
7^
(quar.)—
Stores
Kidde
5-
12-
7-
—____
6-14
4-29
1
50c
—_
■.—
Vegetable Parchment Co.
Participating
11-18
,«
9-
10c
■v
Furnace—
5-17
9-
.
5-15
5-19
5C
7-
112-
$2.50
General Cable Corp., 7%
-
8-15
12-
$1.75
(quar.)_
Cochenour Willans Gold
Mines,
9_
$iy4
7%
&
preferred A
General
5-15
j
$iy4
Cleveland Cincinnati Chicago & St. Louis
Ry.~
5% preferred (quar.)
;
Breweries. Ltd.
5
6_
•City.Baking Co.,'7% preferred (quar.)
Coast
-
(quar.)
&
K^ifmannyDepartment
Shoe Stores—
Curme
Gardner-Denver
6-14
10-14
Battery Co,
1
1
30C
:
66-
15c
8-17
.
,
4-21*
5-1
25c
30c
(quar.)—____
6-
v.
i?c;
{;
(accum.)___—__
(quar.)__
General Electric
(quar.)
Clinchfield Coal Corp.,
5-
7-14
Ry.—
(quar.)
5% preferred (quar.)
5%
5-15
25c
(quar.)
Quarterly
Cincinnati
5-
20c
25c
Chickasha Cotton Oil
3'
5-il5
15c
4-20
•
4-
6-1
871/2C
(s-a)
Stove
6-14
$1
(quar.)
Franklin Telegraph (s-a)___.!
Freuhauf Trailer, 5 %; preferred
;
Froedtert Grain & Malting Co. (quar.)
Four Wheel Auto Drive Co., com. (irreg.)
4-15
25c
W
preferred
Ranch Royalty Co.
Kalamazoo
6-14
(quar.)
Foster Wheeler,
,
(irreg.)—'
1
i
6
1
preferred accum.)—
—
Products, 6% prior pfd. (quar.)
Florida
-
3
5-
$1.50
Kalamazoo Allegan & Grand Rapids RR.
4-10
$1.00
5-10
$1.62Vis
.
Chesapeake-Camp Corp., common
5%
preferred Jquar.)_—
Chesapeake Corp. of Virginia
K
4-10
1
$1.25
$1.25
Mines
Department Stores, common
conv. preferred (quar.)—
Fitchburg
4-15
—I'1—25c
preferred
Nickel
First National Bank of N. J.
5-20
75c
,
L.
7-
—
Firemen's Insurance Co. (Newark, N.
4-15
$1.75
preferred (quar.)j..
11
(quar.)
55-
Johnson
$1.25
(quar.) ______
Fidelity-Philadelphia Trust Co. (quar.)
Filene's (Wm.) Sons, common (quar.)
4%% preferred (quar.)_,__
4-10
Corp
Y.)
Fidelity
3-31
$1.25
$1.50
$1.75
Jewel Tea Co.. 4'A%
3-28
$1.50
___;——
4-14
1
preferred
5%
3-28
7-
Fibre Board
4-14
12c
(quar.)
7%
preferred
41/2%
Electric—
quarterly)
(The),
Feltman &
1
4-
t8%C
preferred (quar.)
(quar.)—
(quar.)____—
m.50
4-15
5-15
5- 1
4-11;
1
6r/c
s' preferred (quar.)
Kendall Co., $6 partic. pfd.
Federated
8
f4c
1
5-
25c
1
3-31
5-
Knitting Mills, common
$2.50
8
t25c
12'/2c
Jaritzen
Telephone,
Jamestown
4-18
4-16
N.
4-29
5-1
4-11*
20c
4-29
3-31
4-29
4-18
1:
$1.25
4-2L
1
1$1.50
Ltd. (interim)
Island Mountain Mines,
1
$1.37'/2
4-211
1
5-
—
25c
—
4-30
5-1
Ltd.—
(quar.)
(quar.)
Kellogg Switchboard & Supply,
Farmers & Traders Life Insurahce
4-10
4-29
preferred
4-20.
4-10
5-
/$6
1
$5
3-15
(quar.)_.
$6.50 preferred
1
1
—__—
Creek Coal Co., common
5-
5-15
5-
Ironer, common
8% preferred (quar.)—
$1.14
(interim)——
Falstaff Brewing Corp., common (quar.)—._j
6% preferred (semi-annual)
Fansteel Metallurgical Corp., $5 pfd. (quar.)
$5 preferred (quar.)
3-15
_•
(quar.),—
Gas &
preferred
7- 1
Ironrite
Island
preferred (quar.)___„
—___——
Williamsport RR. (s-a)—
—
Fair
3-31
1
5-
8
t$1.50
£
—__________
4-
Falconbridge
4-29
4-29
|5c
;
(quar.)____.
Central New York Power, 5% pfd. (quar.)—
Central Power & Light, 6% pfd. (quar.)
__
7%
6- 1
5- 1
4-29
—;
Co.—
Canadian Oil Co., Ltd.
Celotex Corp., common
Central Hudson
3-20
f$l
JlOc
—
Insurance
Canadian
Marconi
4-25
J$1.25
]_■_
Canadian
Canadian
4-29
$75c
;
—
Industries, Ltd., class A
B
4-29
5-15
J$1.25
(quar.)
___—_J
Extra
t$1.25
—
(quar.)_
common
Canadian Converters
5-15
Quarterly
1
Eureka Pipe Line
Exchange Buffet .Corp
4-15
6-
(quar.)_
(quar.)————________
5-
RR, $5 preferred A (quar.)—:
$5 preferred A (quar.)__
$5 preferred A (quar.)-I————.
4-15*
5-19
Mfg.
$1.50
$6
4-15
5- 1
5- 1
5- 1
1
4-15
*
f37p ...
$20c,
75c".
37Vic.' j
62Vi'c
J15c
Corp".
4—.. 6
Erie
*
Canadian Breweries, $3.40 conv. pfd.
Canadian
.
!___
Power, Ltd., com. (quar.)_
Canadian Bakeries,
partic.
"
—
(quar.)_
Canada Northern
Canadian Bank
„
(quar.)
6-
___.
1
3
4-14
5-19:
30c
(quar.)__-_^_„___
Employers Group Associates (quar.)__
Engineers Public Service, $5 pfd. (quar.)___
4-29
1
50c
Canada,
1
preferred (quar.)—/____
preferred (quar.)____—
3-22
4-
1
t $1.75
of
Co.
5-
4-18
5-20
Nickel
5-
$5.50
:
5-
6-
40C
5c
——
4-29
20c
$1.50
$1.25
$6
3
6-10
$1.25
Italo-Argentine Elec. Bearer shares (interim)
4-25
1
—
(quar.)_
(quar.)
preference
4-18
/
4-15_
7-
! /
.
(s-a)
preference A
1
$1.12'/a
——_
4-15,
1
common
Kalamazoo
Elmira &
4-12
5-
1
4-25
1
5-
Industries—
4-28 !
5c
5-
121/2 c
common
(quar.)
4-28
—.
4-25,
$1.50
_________—_______
pfd. (quar.)—__
____
Electric Bond & Share, $5
3
5-15
(quar.)
Duro-Test Corporation
4-22
5-
preferred
$4.50
4-20
1
1
1
1
;■
/;
4-24
4-
4-15
5-20
30C
.'•*
4-24
1
12-20
1
5-
v
'
•
4-17
5-
12-30
$2
$2
-
4-29
5-
$$1,374/2
,5Vz% pfd. (quar.)
Drewrys, Ltd. (South Bend, Ind.) (initial)
du Pont (E. I.) de Nemours & Co.—
5-19
-
1
5.
6-20
9-20.
____________________—
Corp.,
5-
6-30
9-30
$1.75
Telephone, $5 pfd. (quar.)
$30c
(quar.)_—__
5-15
gtd. (s-a)
(quar.)
Fireman
5-
t37'/2C
(quar.)—
preferred
75c
4-30:
$1.75
prior preferred___-___-_-__——___
$3.50
5-
/
$75c
4-22'
$1.75
5-17
t.$2
420c
.
1
40c
4-29
25c
5-16
5-
$1.75
——;
Co.—
Investors
conv.
1
1
15c
________
(quar.)
preferred
56-
;;
___^
(quar.)_____!__
preferred
Intertype
Iron
3-31
;
$1.75
$1.50
*
International Utilities Corp.—
6-10
1
*
2
7-
5-
50c
common..
tlOC
Ltd.—
1st
80c 2nd
California
class A—_—
common
'Power,
International Products Corp..:
4-15
5-
5-
4-30
preferred (quar.)
7%' preferred ($5 par)
4-15
11
4-29
12J/2C
participating
2nd
4-21
4-
:v
t40c
Dominion Oilcloth & Linoleum.
4-20
<
62'/a C
—
Dominion Tar & Chemical,
5- 8
2%'* 1
Ltd
1
4-11
4-20-
30c
7%
4-20
1
5-19'
,^25C
4-20
5665-
,,,
■/>•
Ltd.—
preference (s-a)„_.
___!
Caldwell
5%
pfd.
5%
common
Byron Jackson Co
5%
(interim)
Mines
(Los Ang.),
Brothers,
.
._
5-1
6-15
j
preferred—______
Dominguez Oil Fields (monthly)--———__
Dominion Engineering Works
Dominion Fabrics Ltd., common (quar.)____.
6% 1st preferred (quar.).
4-15
_
Mines,
$2
4-21
4-20
s.
5-
,.6-
1;
5-15
/
4-15
6%,conv.
8-11
5-
1%0
common____,
Domestic' Industries,
British
Broadway Department Stores, common—.
5' preferred (quar.)
Co.,
9-
,
t$1.25
(quar.)__
(irregular)
Shares
Cup
pfd.
4-25
20c
1
1
1
International
8
79c
5-15'
1
65-
1
6%
5-18
1
6-
45c
40c
5-
International Metal
12-23
4-
25c
Class A (quar.')______^___tl____.—i-
4-18
4-15
5-1
5%
6-
$6
8%c
(quar.)
5-K)
6%
7-1
12-23 P
4-15
5-
Aviation Group Shares
9-30
.__
Distillers Corp. Seagrams,
4-14
t$1.50
Columbia Telephone—
' 6' 2nd preferred (quar.)—.
1
9-30
partic. pfd. (s-a) —
Diamond
4-27
.
.
Diamond Match Co., 6%
Shoe Corp._
6-30
4-25
5-20
5-20
1
7-
$1.75
i
_i
12-
$1.75
4-29,
(quar.)_____________
Institutional Securities—
11-15
75c
$1.75
;___
conv. preferred (accum.)—,—
Detroit Gasket & Mfg. Co. (quar.)_________
4-14
6-15
.
(quar.)
(quar.)
preferred
4-29
5-15
66C
Preferred
8-15
$4
4-28
5-
1
5-15
$1.50
Indiana Associated
5-15
—
(N. Y.)
Interchemical
1
partic. pfd.
prior
non-cum.
Hardart
Incorporated
4-18
1;
50c
1
(A. C.)—
Indiana Steel Products Co.,
,r,
;
5-10
5-
common.
Light & Power, com. (monthly) ___ •
pre:ferred (initial
preferred (quar.)__—___
7% preferred (quar.)
________
Hummel-Ross Fibre Corp., 6% pfd. (quar.)__
Hussman-Ligonier Co. (quar.)
Huston (Tom) Peanut, $3 preferred.-.,;
Huttig Sash & Door Co., 7% pfd. (quar.)__
7% preferred (quar.)_______—
7% preferred (quar.)___.—
:—
Huyler's, $2 partic. conv. 1st pfd. (accum,)_
4-18
1!,
9-
preferred (quar.)
7% preferred (quar.)
Derby Oil & Refining—
4-15
5-1
5-
4-14r
•-
6-15
$6
4-15
4-29 /
$2
4-14
$1.50
Co.,
(quar,)
preferred
5-15
3-31'
27c
&
A.)
Leased Lines, 4%
4-10
6-
7%
6-15
6'A
(George
4-15r
^
4-25
lc
(quar.)
Illinois Central RR.
4-10
75c
(quar.)
7%
.
-
4-11,
75c
Common
5-15
York—
1!
_____!
(quar.)
Common
4-15
7- 1
4-25
5- 1
4-29
4-29
5- 1
5- 1
5-20
6-30
5-15
50c
Boston Fund, Inc., (quar.)—
———
16c
Brandon Corp., class A (accum.)——
$1.50
Braniff Airways Inc. (quar.)
—15c
Brazilian Traction Light & Power (interim)—,
$1
Brewers & Distillers qf Vancouver, Ltd.——
t50c
Extra
'■ J 10c
Boston Edison Co.
3
4-29
5- 1
6- 1
5- 1
6-30
5-15
5- 1
5- 1
,
25c
(irregular)—i—_—
4-
Common
5-
;
1
1
1
4-17
4-25
56-
5-
7%
4-17
1
4-18«
4-28
30c
*15c
4-24
1
4-25
75c
—
5:
5-
4-25-'.
$1.75
Inc.
..^.$6 preferred
1
5-
4-25
$1.25
_______
4
5-
Ltd.__^.___-______-__^____________
Oil
Idaho
4-20
5-
2%
dividend)
Stock -(quar.)—
debenture
Dentist's Supply Co., of New
5
4-20
6- 1
—7c
8%
'■
8-15
6-
4-14*
5-15
"
15c
(monthly)
Company,
•
5-15
1
Co.
$1
4-15
:
5-15
75c
■
4-25.
'4-25
5-15
$1.50;:
common (quar.)__
(quar.)______________
(Charles
11-15
6-15
50c
Dennison Mfg. Co., $6 conv. prior pfd. (quar.)
4-22
4-
—
____
$2 preferred A (quar.__——
4-24
5-1
5- 1
5- 1
5- 1
5-1
7c
—
—
Common
',
Senson
common
5-
preferred
Deerfield Packing Corp. (stock
(
Babcock & Wilcox
5
5-10
preferred
non-cum.
4-15
5-
Press,-
4Ms %
1
RR.—
(s-a)
$2.50
Atlantic Rayon Corp., $2.50 prior pfd. (quar.)>
62'Ac
Atlantic Refining Co., 4% pfd. A (quar,)-—
$1
Atlas Powder Co., 5% conv. pfd. (quar.)—_
$1.25
Ault & Wiborg Proprietary, 5'/2' pfd. (quar.) t$1.37y2
5 %
.
,
11-25.
4-21
6-19
5-25
6-24
Amoskeag Co., common (s-a)——____.—
$4y2 preferred (s-a)_—
Anchor Post Pence, 6' prior pfd. (quar.) —
$1.62'A
(quar.)___
(quar.)_
I
1
$4
>
4-20
$3.50
___———
Clinton RR.
& Port
$2
$3
pfd.
Houston
•
4-15
4-25 !'
5c
l5rug Co.
Crown
Smelting Co.—
American Zinc Lead &
$5
4-18
{
6'/2%
preferred
6%
preferred
conv.
Horn
4-21
(quar.)—________
Ltd.
1
of America,
Powder,
/ 6% non-cum." partic. preferred (quar.)
5
5-
1
25c
Inc.
Cork & Seal,
5-
7%
5
5-
5-1
preferred (quar.)
Coty,
Crown
1
Horn
5-19
4-25
$1.25
5'
5
5
5-
(quar.)___
9-25"1
12-2$
1
4-15
5-
f
1
5-20 ;
6-
7
6-
60c
7- 1
5-31
4-29
5-1
5- 1
5-
5-15
Y.) (quar.)
(quar.)___
Corn Exchange Bank Trust Co. (N.
Corn Products Refining, common
4-
1
5-
(initial)__
new com.
Light
5-
*
.
,
Container Corp. of America-—.-—————
6-
1
5-
40c
Electric
25c
"
50c
31'Ac
4-21.
1
$1.75
68 %c
Co,';(irregular)__L.;____-_i_/
Schaffner & Marx,
Home
4-15
4-25
6C
common-
1~ 1
———
5-
Horder's
•
4-15
5-15
(quar,)_____—
preferred
convertible
$1.25
'
(increased)
Oil Co.
'
5-15
50c
(initial s-a)„__
5-15
__;
common
5-15
Hormel
Natural Gas—
Royalty
4-25/
'• 75c
Hires
3-31
5-
20c
Consolidated
5-
$1.87 Va
Consolidated Edison
5
2
$1.75
5% preferred (quar.)__
E.) Co. (quar.)_
Holly Development Co. (quar.)
Holly Sugar Corp. common (quar.)_
7% preferred (quar.).
_u__r__
3-30
4-
10-
4-29
Hibbard Spencer & Bartlett
4
——
preference class A
6-24
Hershey'Chocolate Corp.,
4
(quar.)—
partic.
5-15
1
1-2-45
Higbee
1'
1
.
50c
Brothers
Hat Corp.
5-15
6- 1
5-
50c
Co.,
Service
<
37V2c
6:/ 7-
$1.75
$4
(quar.)___
Industries—
4-15 *
$1.75
Hercules.
Consolidated Chemical
Class
1
i
(quar.)
Hammond
Co.—
Power
4-15
5-
7% preferred (quar.)_
Halle
6-25
9-30
t$1.50
5
6-30
f$1.50
—
—
I""
% preferred (qua'r.)_u___i.i_^____
7c/o preferred (quar.) ____________________
Hartford
t$1.50
Quarterly
4-13
5-
Brewery—
preferred
7
Life
(initial)—
20c
$3 preferred
(participating)—
—27 82/lOOc
American Smelting & Refining Co., com._—
50c
7' 1st preferred (quar.)——
,
;
$1.75
American Stove
Co. (quar.)
—_
30c
American Viscose Corp., common (quar.).—
50c
American Safety Razor
American
,
Western
conv.
Griggs Cooper & Co.,
4-20
5-15
75c
7%
Gas,
4-10
.
1
(quar.)
51/2 %
5-1
4-20
'
1
5-
Telephone, $5 pfd. (quar.)_
preferred (accum.) ____—
Assurance (Toronto)—
Concord
4-20*
5-1
$1.75
$1.75
American Light &
*
Edison
Confederation
4-15*
4-25
5- 1
6- 1
9- 1
12- 1
5- 1
5- 1
37'/2C
<
•
\
(quar.)______.—_________
preferred
5-
43%C
<
4-24
1
34%c
4-15
37'/2C
i
1
5-
75C
1
4-15
5- 1
50c
$1.75
$1.75
—
non-cum.
4-24 '•
5-
50c
5-
Consolidated
County
American Dairies, 7%
preferred (quar.)—_
American Envelope, 7' pfd. A (quar.)
7%
preferred
(quar.)..
._—
:—
7%
preferred
(quar.)—
—
American Home Products Corp. (monthly)—
6%
Gas
1
40c
$1.63
$1.50
cash
• *
■ 32
share of class B stock or
American Coal Co. of Allegany
L.)
(H.
Greenfield
5-
$1.75
(quar.)
7% preferred (quar.)___
(quar.)
Light—
preferred (quar.)
common
Griesedieck
4-15
optional dividend series
A
class
conv.
—
4-20
Corp,^—
4-14
4-
4.20
4-10
$2
5-15
Light Corp.—
American Cities Power &
$3
(quar.)
Corp.
Petroleum
'
—
(quar.)___
Green
4-20
5.15
$1.25
4-10
4-25
(quar.)
$1.25
4-15
$5 preferred
Co.,
Amalgamated Sugar, 5%
Amerada
of Reo.
75c
25c
B
class A common
68 %c
Pictures
Commonwealth
Holders
,
Airplane Mfg. & Supply
Alabama Power
When
-Payable
———i
Inc
Straus,
5-15 '
$1.50
—_—
convertible
$2.75
6y2%
4-15
Adams-Millis Corp.
Class
0} Rec.
4-25
$1.50
(quar.)
Gordon & Belyea,
When
Payable
25c
______
preferred (quar.)_______
Columbus Foods, common (quar.) __________
$1.75 preferred (quar,)_;
Columbus & Southern Ohio Electric Co,—
5%
-
share
Company
5-10
;
preferred
$6
(increased)
5-15
Columbia
Per
Name of
4-11
of Company
Brothers, common
Gotham Hosiery,
Commonwealth
•'
,
common
Corp.
preferred series A (quar.)
preferred (quar,)_
preference (quar.)
5%
Miscellaneous Companies
and
11-2
1
Electric Corp.—
preceding table.
Industrial
'
5-27
25c
Colorado
announced in previoui
and not yet paid. The list does not include divi¬
announced this week, these being given in the
Co.>
(quar.)
Colgate-Palmolive-Peet
Name
Gimbel
5-15
.
5-15 l
12-
t25c
(quar.)_.—.____
4-28
1
Holders
per
of Ree.
share
Holders
6-
12VaC
4-28
give the dividends
we
,
——______
9
5-
$1
______
When
Payable
t25c
(s-a)A_i___^—_______
Co.
Semi-annual
6%
Below
Plow
5-10
50c
Nurseries (irregular).—.
Zenith Radio Corp..
Cockshutt
5-20
1
6-
25c
Name of Company
4-30
5-15
30c
.
Per
of Reo.
share
Holder*
Pav'ble
Per
Name ot
Monday, April 24, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
—
—
$1.25
25c
12-1
11-20
12-
11-20-
1
Volume
Extra
Biscuit
Lord & Taylor,
(quar.)
2nd preferred
—
(quar.)
4-21*
5-
1
4-21*
5-
1.
4-17
preferred (quar.)____.
Pennsylvania Power, $5 preferred
1
2
9-20
12-20
$1.62 J/2
—
6-20
7-
10-
1-2-45
$1.62 */a
$1.62 y2
Philadelphia
6%
preferred
kacWythe
Co.
(initial)
Electric Co. (quar.)
Mclntyre Porcupine Mines, Ltd
Mercantile Stores, common (irregular)..
7%. preferred
(quar.)
Magnin (I.) Co., 6% preferred (quar.)
3-20
Phillip-Jones,
25c,
5-
1
4-18
6-
—
5-15
4-29
5-15
5-
5
8-
4
Pittston
3
Pleasant
20C
.__
3
5-15
5-
1
4-17
5-
1
4-17
5-
1
4-14
35c
preferred
43%C
1
5-
1
4-10
5-
1
4-10
50c
Corp., common (quar.)_.
5% preferred (quar.)
Memphis Natural Gas Co. (irregular)
—
51
I'w
.5%.
preferred
preferred
(quar.)
6%
preferred
(quar.)
preferred
$6
preferred
Mid-Continental Petroleum
$4
4-20
5-
1
5-
1
5-
1
40c
6-
5%
6%
Quaker
1
4-15
6%
5-1'
-
1st
4-25
Trane
preferred
.
5-22
'25c
6-12
6-
2
25c
9-12
9-
2
20c
4-25
4-15
5-
4-15
50c
$1.12
$1.50
1
1
5-10
Reading
1
5-10
Reed
6-
1
5-10
Regent Knitting Mills, $1.60 pfd.
5-
1
4+11
4-30
3-31
$2
(s-a)
/
Co.,
(C.
(quar.)
common
5-11
4-13
5- 1
4-20
40c
40c
40c
6- 1
9- 1
12- 1
5- 1
5- 1
5- 1
5- 1
8- 1
5- 1
8- 1
4-25
5-1
,5-1
6-30
9-30
(accum.)—__
(quar.)—
-
Montana
t37c
_
participating preferred (quar.)
Moore Drop Forging Co., class A (quar.)
Co.
5-
$1.50
—
5-
5-15
75c
1
.
1
4-17
25c
5-
1
5c
15c
15c
6% preferred B (quar.)
15c
6% preferred B (quar.)_
15c
Republic Natural Gas
25c
Revere Copper & Brass, 5V4% pfd. (quar.)_
$1.31V4
7%
preferred (quar.)—$1.75
Reymer & Brothers, common (irregular)—
I2V2C
Common (irregular) —_____—12y2c
Common (irregular) ——T——
—I2V2C
4-20
25c
—
5-
1
4-20
6-
—
6%
preferred
Co.
of
50c
preferred (quar.)
Bearing
_____
Metals,
preferred
pfd.
preference
National
Electric
Extra
9-28
9-21
12-28
12-21
"
Machine
5-15
5%
preferred
National
class
6%
v.t.c.
A
4-15
1
4-15
Rich's
Richmond
5-
1
4-15
5-
1
4-15*
5-
1
4-21
5-
(s-a)
Quarterly
Water
preferred
1
4-21
Rose's 5,
(irreg.)
1
1
1
t2V2c
;
4-
4-29
8
$1.1834
5-
1
5-
1
4-15
preferred
A
(quar.)
$1.25
6-
1
5-
1
1
$5
preferred
Rayon,
England
1
of
York
Air
.New
York
Merchandise
Norfolk
*
Western
&
Adj.
Brake
4-21
preferred
North American
_
Co
Railway
5-
1
1
5-15
5-
1
4-20
$1
(quar.)
5-10
16c
8-
7
8-
$1.62V2
7-
1
5-
1
5-
1
Liberties
Northern
6 %
preferred
Ontario
preferred
Northern
RR.
of
Gas
___!
(quar*)
(s-a)
Corp.
Nunn-Bush
Shoe
5"%
preferred
$1.50
class
Class
SB
AA
&
Ontario
Steel
7%
70c
Outlet
(quar.)
Car &
5%
preferred
Pacific
(interim)
Public
Peninsular
6-
*
5-15
4-15
4-8
Spalding
10-15
9-15
5-
1
4-20
5-
$4.25
(quar.)
$1.25
pfd.
5%
preferred
Telephone,
class A
(quar.)
$1.40
class A
West
Western Department Stores, conv.
3-25
(accum.)
$1
4-29
4-21
Standard
Dredging Corp.,
(quar.)___
1
32%c
5-
4-15
Standard
Silica
Standard
Wholesale Phosphate & Acid
IOC
1
5-
1
4-14
300
4-29
4-13
5-
4-20
3IV4C
class
50c
7-
1
10-
1
1-1-45
12-15
class
A
6-15
(quar.)_
35c
35c
,
5-15
-
8-15
11-15
35c 2-15-45
5-
5
8-
5
11-
4
2-5-45:
Ltd.
$1.60 pfd.
(irregular)
i
,
preferred
5%
preferred
preferred
(quar.)—
7%
Stein
of Canada
common
preferred (quar.)
(A.)
&
Co.
(quar.)
(quar.)
pfd.
a
(quar.)
,
(quar.)
;—
.4-15
4-25
4-25
$1.25
$2.50
6- 1
6- 1
5-155-15
$1.75
$1.75
5-31
8-31
5+15
8-15
$$1.75
25c
8-15
5-15
8-11
5- 1
43%C
1714c
6- 1
5- 1
5-15'
4-15
$1.75
$1,50
5-15
5-15
4-17
4-17
75c
3714c
3714c
5- 1
5-10
5-10
4-15
4-29
4-29
5- 1
5- 1
5- L
5- 1
5- 1
4-15
4-8
4-10
4-20
4-20
4-24
4-20
5- 1
4-17
5- 1
4-18
Co
pfd. (quar.)
______
t25c
preferred (quar.)
t$1.25
Products, $4.50 pfd. (quar.)
$1.1214
50c
50c
(George), Ltd., 5%
White Sewing Machine, $2 prior pfd. (quar.i)
$4 convertible preferred (accum.)
___'_
Wilson
75c
;
35c
25c
$1.62y2
10c
Co.
(interim)
Crampton Corp.—
Wlnstead
Hosiery
4-15
8- 1
7-15
1
7-13
10-16
1°-16
4-15
4-15
5c
11- 1
11- 1
4-30
5- 1
6- 1
5- 1
6- 1
6- 1
5-1
120c
+37V2c
5- 1
5- 1
4-15
4-15
75c
75c
75c
6-15
9-15
12-15
6- 5
9- 5
12- 5
$1
$1.50
$1
$1.50
15c
$1.25
$1.75
40c
50c
__j—
Public Service,
Power, 6%
'
—
-
Elec.
1
5- 1
$1.50
———
Wisconsin
6-
4-15
*
Wisconsin
pfd. (quar.)____.
common
.
(quar.)——
Wood Alexander & James.'7% pfd. (accum.)
Woolworth
(F. W.) Co.
(quar.)
5%
4-29
7-31
5- 1
'———$1
—
Extra
5-15
8-15
$1.50
Quarterly
4-20
6
18%c
18%c
(quari)
Extra
preferred
$1.12V2
10-16
6-15
5- 1
4-15
$1.12V2
$50c
6-15
4-30
6- 1
5-15
6-
5-
5
6-15
6-
6
Quarterly
"5-15
4-29
Quarterly
$1
40c
10c
1
3-31
5-20
6-30
$1.25
$1.25
9-30
9-15
12-30
12-15
175c
175c
5-1
5- 1
5-15
(Wm.)
Jr.
Co.
Yuba Consolidated Gold
Zeller's Ltd.,
6%
common
Fields
—
.
(quar.)
preferred (quar.)
Zion's
Co-operative
Quarterly
8-
5"lf
4-15
4-21
5-20
4-12
Mercantile Institution.
6-15
"$1.25
25c
Wrigley
9.
,
convertible
4-29
10-
$1-50
3714c
Co., $6 preferred——
preferred (quar.)———
75c convertible preferred (quar.)
.
8-15
&
9-
•
—
—
(s-a),
Paper. Ltd.
Weston
Westvaco Chlorine
Wks,—
,—
(quar.)___
(quar.)
5%
Steel Qo.
Westminster
3-31
4-15
80c
(quar.)
—
Stecher-Traung Lithograph, 5%
>.
35 c
—
Manufacturing
preferred
3IV4C
(quar.)—
(irregular),
$4.50 preferred
Stanley Works, 5%
9-15
50c
(quar.)
(quar.)
$1,40
1
Irregular
3-31
Point
Special
$1.06Vt
(quar.)
Standard Brands,
Standard Chemical,
(quar.)
$1.40
B
4-15
4-20
(quar.)___:
$1.40
—
—
5- 1
5-10
5-10
(s-a)
Extra
—
3714c
$1.1214
$1.25
—-
Quarterly
1
1
Insurance
5-15
5-15
preferred
preferred (quar.)__
7-10
10-10
Electric, 7% preferred (quar.)__
(quar.)—
1
7-12
1st
10-20
preferred
7-14
6- 1
5- 1
5-20
(quar.)
(quar.)—
$1.75
Co.—
4-25
5- 1
5- 1
5-15
6%
5-15
5-15
A_
common
preferred
Juice
5-15
6- 1
West Penn
6-15
9-15
75c
Corp.
6-10
4-15
com.
9-20
(quar.)—*
$1.75 conv. preferred (quar.)—-'7% preferred (quar.)—
5-1
& Bros.,
-Spiegel, Inc., $4.50 conv.
Squibb (E. R.) & Sons—
Corp. of California—
4-19
$1.20
(quar.)
(quar.)-*,
(Dallas)
6-10
9-1
*
4-10
10c
10c
———
Public Service,
6-20
—_
(quar.)______
Fire
5-15
Southwestern Life Insurance
4-15
7+15
7-20
Mfg. Co., $1 conv. pfd. (quar.)__
Michigan Steel Foundry—
f20c
6y2% preferred (quar.)
Sovereign Investors, Inc.
1
$1
Wellington
4-20
pfd.
12- 1
5- 1
8- 1
$1.50
7% preferred (quar.)— ________
7% preferred (quar.)
West
6- 1
'$1.75
Wentworth
4-18
5-25
6-10
9- 9
12- 9
common...
4-29
(quar.)
Southwestern
;
Grape
6- 1
5%
.......
preferred
G.)
4-20
^
3714c
3714c
preferred
5- 1
37y2c
3iy4C
(quar.)—_
;
4-15
(A.
4-20
Electric Co.—
5-15
t20c
Service, $1.30
A
1
$1.75
$1.75
$1.75
(quar.)__
6-21
12-23
6-10
50c
preferred
7- 3
75c
common
preferred (auar.)
Southern Railway Co.—
5% non-cum. preferred
non-cum.
4-10
preferred
(quar.)——$1.25
$1.25
Indiana Gas &
Power,
t25c
common—__
6214c
$1.50
37y2c
.
5-
(quar.)^
$$1.75
$1.25
Co.
4.8%
5
5-
4-14
9-21
4-30
4-30
5-1
5-25
—_
50c
Common (quar.)
Common
1
5-1
7- 1
10- 2
1-2-45
Washington Gas Light, common
$4.50 preferred (quar,)_,—
$5
5-25*
?'
4-.20
$1
20c
$2
87J/2c
t22c
(quar.)
Canada
5%
Detinning,
5-,1
62,/2c
6214c
(quar,)—
(quar.)——-—__*—_
preferred
7- 3*
(quar.)—
common
prior pfd.
Common
4-10
6-10
J75c
preferred (quar.)——
6%
5-26
(quar.)__
Virginian Railway, 6%
Vulcan
5-31*
8-31T
11-29*
.
$1.12y2
$1
Platinum—_____
&
,
Ltd.,
Producing & Refining
Parke, Davis & Co
Co..
5-16
f 70c
Panhandle
Pearson
preferred
Southern
4-26
(accum.)
(quar.)
Pacific Portland Cement, 6V2% pfd.
Pacific
6%
7%
4-10
7-15
40c
4-15*
,
6- 9
Works—
Iron
6-15
(quar.)
Vapor Car Heating, 7%
7% preferred (quar.)
Wilson-Jones
Water,
t$3
prior preferred
prior preferred
Winters &
California
4-29
$2
$1.25
(quar.)
(s-a)
Tobacco,
Knitting Co., 5%
Van Dorn
1
Corp., Ltd.—;
class A preference
5-15
Southern
4-15
4-
6%
5-15
4*15
1
6.4%
United Steel
4-15
4-29
4-29
preferred-.
non-cum.
Corp., $5 preferred
preferred A (quar.)____
4-25
5- 8
5-15
6- 1
4-29
5-
8%
Sugar
Welch
15c
Edison
Gold
f$1.75
;
Rubber Co.,
Washington Ry. & Elec., 5% pfd. (quar.)___
5% preferred (semi-annual basis)
—
(quar.)—
Manufacturing Co."
California
20%c
.
S.
5
(quar.)—
Southern
6834c
J
(s-a)____
(irregular)
Lighting
Corp.
Soss
5-15
S.
U.
—
5
—
common
(quar.)
Southern American
.
Aircraft,
Company
Oil
-
(quar.)
Ltd.—
Co.,
AAA
6-15
5-15"
U.
tl5c
6-15
c
12-20
(quar.)
5
Canada—
4-15
371/2
6-20
_9-20
—
5-
25c
50c
.—__j_*
of
Southern
:
40c
40c
___.—
5-
—
Premier
Sinclair
^
(quar.)____
common
5-15
5-15
5-15
5-15
5- 1
5- 1
$2.50
$2.50
6% preferred—
20c
—
5-
50c
3-31
*______•
preferred
6-
5-15
4-19
4-15*
(irreg.)_
4-20
(s-a)—
(quar.)
1
1
5-
Common
4-20
4-29
4-15
5- 1
5- 1
40c
& Foundry,
(quar.)
4-15
4-20
!
(quar.)
partic. class A
5- 1
common—
corp.,
6-30
7-
5Cc
______
com.
preference
Pacific Finance
»
Boara
7V2c
8714c
:
Pipe
5
5- 1
683/4C
25c
4-18'
;
(quar.)
5-10
5-« 1
5-1
Mines, Ltd;———
—
t2c
Simpson's Ltd., 6Vz% preferred..
l$1.62y2
6Vz% preferred (accum.)—$$2
4-13
12 % c
Products,
Crush,
conv;
Ottawa
4-29
(quar.)
Quebec Railway
preferred
Orange
$1.50
S.
4-15
(N. Y.)
50c
.
preferred (quar.)——*———_—
5%
3-31
"(initial).
Ontario
.
Inc., conv. preferred
preferred (accum.)—
(D. A.)
conv.'preferred—
Silbak
3-31
50c
>
$$1.75
(quar.)___—_______——
Distillers '-Corp.———___—.
$1.25
(quar.)
Co., common
(quar.)
Oklahoma Natural Gas, $3 preferred
$5.50 preferred
Oliver United Filters, class A (quar.)
■
4-25
4-25
(irregular)______
O'Connor, Moffatt & Co.—
-
preferred
Sherwin-Williams
7
t6o
Hampshire (quar.)___
.Norwalk Tire & Rubber, 7% preferred (quar.)
Northwest Engineering Co.
8-
1
f$1.50
(reduced)
New
Nu-Enamel
9-11
50c
*_
Power, com.
(quar.)___>_
U.
5-15
6-15
50c
50c
(quar,)__
4-15
conv.
Chemicals
conv.
preferred
Common
4-15
37y2c
$1.50
12-21
4-10
7- 1
*
25c
Leather,
7%
7%
6-20
Northern
Industrial
S.
3-31
6%
4-22
common-
S.
9-20
4-10
5-15
6-15
4-18
5-15
6-15.
Extra
U.
5-1
t50c
Sherwin-William.l»Co.
Northland Greyhound Lines, $6.50 pfd. (quar.)
Northern Illinois Corp., common
U.
6-20
5%
——
Sharp & Dohme, $3.50 pref. A (quar.)— —
Shawinigan Water & Power (quar.)_
—-
Co.—
Life Insurance.
4-10
4-18
6-1
7-1
5- 1
6-1
7- 1
5- 1
6- 1
7- 1
—_
Machinery—
preferred (quar.)___________
conv.
,
$l'/4
Fire Insurance
Hoffman
3-10
5- 1
53c
53c
53c
(quar.)___
$4 preferred
4-20
6-
15c
(quar.)
15c
50c
interest
(quar.)
S.
5V2%
preferred
Shamrock Oil & Gas Corp.;
beneficial
New
U.
6-12
—_—_____
(quar.)—_*—
Scott Paper,1 $4.50 convertible pfd. (quar.)__
Fund-
Certificates
$1
A—
United States
4-15
4-10
7%
Convertible
4-15
5-1
5-
$1.25
class
7-15
4-15
,
preferred (quar.)_:._.
3-31
common
$2 participating preferred
(quar.)__
Bedford
New
5%
4-15
,4-17
Co.,
Products
,
4-18
—-
____
__,*
& Manufacturers—
5-29
5-1
5- 1
Steel
Schumacher^ Wali
Newport News Shipbuilding & Dry Dock—
'New
United Merchants
1
5- 1
$1.183/4
(monthly)
25c
Manufacturing
Schulte
4-15
4-18
5-
1>
50c
preferred
4-20
7%
4-15
5-
4-15
5- 1
58y3C
58l/3C
58'/he
preferred
5- 1
67 1
5- 1
6-15
Schenley
5-16
$1.50
$1.62 V4
—_
4-10
5-15
10c
(monthly)_____
(monthly)
*_
(monthly)_____
(monthly)
5%
Extra——
4-15
t $ 1.50
(s-a)-
5- 1
15c
(quar.)*;._.
preferred
4-15
10 & 25c Stores (increased quar.)_
Safeway
'
$1.25
137c
(quar.)—
A
10c
Saguenay Power, 5l/2% preferred (quar.)—_ t$1.37y2.
St. Lawrence Flour Mills, common (quar.)_
$35c
4-15
5-10
4-29
4-29
4-10
4-20
...
preferred
5- 1
7- 1
25c
Canada (quar.)—1$1.50
Royal Trust Co. (Montreal) (quar.)„_*___*
t80c
4-14
5-
7-15
4-22
5-
5-15
5-15
5-10
30c
._;
6%
4-19
5-
4-15
4-15
$1.12!/2
$1.25
25c
(quar.)—_
pfd.
6%
4-15
5-15
6-1
5- 1
8-10
11-10
5- 1
5- 1
preferred
6.36%
Universal Leaf
tl5c
8-15
11-15
10c
20c
____
(monthly).
6.36%
Utica
+$1.50
$1.62y2
(quar.)
25c
(irreg.)
6%
4-20
5-20
Royal Bank of
Ruud
5-
13 %c
(quar.)__
2
4-20
4-20
Paper Co., Ltd., common (quar.)__
preferred (quar.)
__i—_——__i
Inc., $6.50 preferred (quar.)_
6%
preferred
6- 1
——_——
Pendleton
&
.——
5-10
preferred (monthly)
6.36% preferred (monthly)
4-15
15c
5-
5-20
7%
9-15
v
pfd. (quar.)—
Roos Brothers,
7-31
75c
preferred
Newberry. (J. J.), 5% preferred A (quar.)
Newberry (J. J,) Realty 6% pfd. B (quar.)
6y2%
1
5-
1
5- 1
5-1
5-1
5-1
5- 1
5- 1
Rolland
4-15*
5-
8-15
50c
Neisner Brothers. 4%% preferred (quar.)—
Neon Products of Western Canada—
/
7-22
4-15*
$1.50
7%
1
10- 1
75c
(quar.)__
4-20
4-20
5-1
5-15
United Light & Railways—
7%
preferred (monthly)
6-15
—
Y.)
(N.
5- 3
4-20
6- 1
l/20th share of Delaware Power & Light
for each share of U. G. I. held
7-1
37y2c
12c
25c
Roeser
10-20.
1
$1
5V2%
Negus Mines, Ltd
6%
1
5-
$1.25
;
(quar.)
5%
1
Naugatuck
8-
10-30
2c
20c
(quar.)__
Insurance
Rochester Button, $1.50 conv.
Rockland Light & Power—
4-21
1
Inc.
4-22
5-15
common
vv
$1.75
1
4-30
5-29
.5-1
5- 1
5-15
*
3IV4C
37y2c
$1
50c
pfd. (quar.)_
Co., 5%
preferred
5-
2c
(quar.)_
preferred (s-a)
Nat'l Savings Bk. & Trust Co. (Wash., D. C.)—
National Tea.
6%
5-
75c
common
preferred B
Oats Co.,
4-29
Rheem Manufacturing
(quar.)_—
Rhode Island Public Service, Class A (quar.)'
$2 preferred (quar.)
50c
._
National Lead,
^4-15
T
2c
r
5-15
1
4-19
4-15
7- 1
25c
United Drug, 4%% preferred (quar.)_______
United Gas Improvement (stock dividend).
On
or
about May
18
a
distribution of
4-20
4-20
12-30
4-30
5-1
7-15
5-15
6- 1
5-22
5-15
5-1
$1.50
(quar.)
Tool, class
$1.75
10c
,
Quarterly
Products, class B
1
1
4-20
^
4-15
4-29
6- 1
—
Ltd., class A
&
Common
1st and 2nd preferred (quar.)
1st and 2nd preferred (quar.)
7%
4-20
5-
114c
Food
7%
4-15
5-
4-21
i
3-17
5-15
(quar.)
(Md.)__._
Class B
3-31
11-
8-15
11-15
5- 1
12y2c
i
(quar.)
California
Co.
United Corps.,
Reynolds (R. J.) Tobacco—
50c
.
__i
National
1 '
6.
-50c
(quar.)
(quar.)_
Products
Welding
5-
25c
$1.75
Co., common
National Chemical & Mfg. (irregular)
National City Lines, class A (quar.)
Distillers
6-15
50c
(quar.)__
common
National Casket
convertible
6-28
56 Vic
(quar.)_
(quar.)
National
/
$1.50
.__
Narragansett Electric, 4V2%
National Battery Co
v.
5-15
1
$1.50
preferred (quar.)
$3
6-
$1.50
______
6%
>-I'fr
4-12
America—
(quar.
6%
National
5-15
4-24
ic
Murray Corp. of America—
Muskegon Motor Specialties, $2 cl. A (quar.)
■
3
25c
Quarterly
30c
—
Republic Investors Fund, common—
6% preferred A (quar.)—
6% preferred A (quar.)_*_—______:
4-14
4-29 ;
Mount Diablo Oil Mining & Development—
Mutual Chemical
(quar.)—
preferred (quar.)——;
Manufacturing Co., common
conv.
Reliance
,
"
50c
(quar.)
Munising Paper, common——
5% 1st preferred (quar.)
j
preferred
$5
$3
&
(quar.)———-—
of
United Drill
4-21
8-
9-1
58yaC
'
Cigar-Whelan Stores Corp.—
$5 preferred (accum.)
4-19
4-20
5-
5-15
United
4-15
Reliance Electric & Engineering—
Moody's Investors Service—
Morrell' (John)
preferred
$1.60
$1.50
Power, $6 preferred (quar.)
Montreal Light Heat' & Power Consolidated—
; Quarterly
;
$1.60
1
tlOc
$1
30c
90c
$2.50
Jlc
25c
41%c
50c
(quar.)______
$5 preferred (quar.)_____
Trust
25c
50c
——_
$2 preferred A
A.),
4-21
6-
25c
Oil
75c
25c
4-27
4-29
7V2C
1st preferred
Union
4-25
5-1
5- 1
5- 1
5- 1
5- 1
—
6-
common
Union
$1.50
15c
$1.50
25c
6-15
20c
(monthly)—
Company,
1
5- 1
-
4-15
1
20c
:
preferred
4-20
5-
t25c
(quar.)____—„—
6-
4-14
5- 1
$1.50
,
J
$2.25
Ltd.
Tung-Sol Lamp Works, common
80c preference
(quar.)_
4-15
5-
12- 1
Quarterly
4-15
4-15
50c
Trinity Universal Insurance
Quarterly
_______^
5-31
5- 1
5-25
—__
$2.25
$6
4-10
5- 1
$1.25
Extra
4-25*
5-15
common
—
Mines,
5-15
5- 1
10c
Tank .& Pump
Edison Co., 5% preferred (monthly)preferred (monthly)
—
7%
4-25*
4-15
4-15
Raymond Concrete Pile, common (quar.)—
preferred
6%
4-15
—
6-15
Gold
1
5-25
2
50c
Tokheim Oil
Toledo
$1.25
(quar.)
20c
Extra
1
4-26
5- 1
$1.50
8c
Railway & Light Securities,
6% preferred A (quar,)
$3
6-
Toburn
5- 1
5-1
5- 1
—
(accum.)__.
9
4-11
4-17
5-
50c
Union Electric of Mo., $4.50
(quar.)—*.
(quar.)
Power
5- 1
5-10
5-15
5-15
4-25
!
41%c
(quar.)*
Radio-Keith-Orpheum, 6% preferred
Railway Equipment & Realty—
4-15
1
4-17
5-
5-2
1
50c
1
Tacony-Palmyra Bridge, 5% pfd. (quar.)___
Talon, Inc., 4% preferred (s-a)
Taylor Milling Corp. (irregular)__„_
Teck-Hughes Gold Mines (interim)
Texas Hydro Electric, $3.50 pfd. (accum.)__
Texas Water Co., 6% preferred (quar.)____
Thatcher Manufacturing, $3.60 pfd. (quar.)_•
Thermatomic Carbon, $5 preferred (s-a)
4-15
50c
Quarterly Income Shares——
Quebec
4-15
<
preferred
6
5-19*
58Vhc
(monthly)—
6%
9-15
4-20
$1
Common, (irregular)
Common (irregular)
41V4C
—_
Products, $4.50 preferred
Oats,
4-11
4-15
50c
25c
5c
(quar.)
com.
(monthly)
preferred
Purolator
*
5-24
10- 1
4-25
6- 1 "
4-29
4-29
4-30
37y2c
$1.12ya
20c
37V'2c
Sunray Oil Corp.____
Superior Portland Cement, Class B
Syracuse Transit Corp., common (irregular)
4-17
4-20
5-15
;——
(monthly)
_______
(monthly)—j—_______
Corp. of N. J.—
Service
4-17
$2c
,
1
preferred
preferred
Public
4-15
1
5-
$1.50
___
—__—_
;
1
$1.50
Corp.______
preferred C
5-
$1.75
Mississippi Power & Light, $6 pfd. (quar.)'__
Monsanto Chemical Co., $4.50 pfd. A (s-a)_
$4.50 preferred B (s-a)*_____—
,
1
4-20
$1.50
prior preferred (irregular)_
Dry
1
9-
5-1
$1.75
Corp. (irregular
Miller & Hart, $1 prior pfd. (irregular)
$1
6-
5
6-
9-
25c
Middle West
Mission
5
5
30c
—
(accum.)
(accumulated)___—
'
1
5
9-
30c
*
:
Michigan Bakeries, $1 prior pfd. (quar.)___
$7 preferred (quar.)__
Michigan Gas & Electric, 7% pr. lien (quar.)
$6 prior lien (quar.)
6Vc
1
9-
6-
25C
(quar.)
6%
6-
25c
________
5%
Colorado,
of
5-1
5- 1
5- 1
(accum.)
Ray Drug Co., common
6% preferred (quar.)__
6-
——
Co.
preferred
6%
5- 1
4-10
preferred
Co.,
Sun
4-11
1——_
...
9-30
7- 1
.—
(quar.)—
——
Public Service
4-10
'
■
:
10-21
10-21
oi Reo.
6-
50c
Machinery Co. (irregular)
4y2% class A preferred (quar.)
Oil
25c
______
_______
Proprietary Mines
Mercantile
Acceptance Corp. of California—
preferred (quar.)_*___
Inc.—
America————
Gamble
&
Extra
4-14
1
4-25
10c
Procter
•»
4-14
1
5-
$1.25
Shoe
Privateer Mines,
4-20
Sun
5- 1
5- 1
6-15
5-10
Co., Ltd., common (initial)
J$1.50
Ltd.___j___.___tic
Price Brothers &
5-
15c
•
___________—
of
Metals
2nd
$4
Sullivan
9-30
Holder«
6-1
25c
Stott Briquet, $2 preferred (quar.)
Suburban Electric Securities Co.—
50c
preferred ,(quar.)__
(quar.)___;
(interim)
4-15
4-
Payable
25c
(s-a)
Special
$1.50
$1,75
15c
(quar.)
Co.
Rouyn Gold Mines
Pressed
$1.50
preferred (quar.)
Stores, common tquar.)
preferred (quar.)
1
Powell
v_
75c
$1
- $1.25
$1.83V3
10c
Co., 6%
preferred
Powdrell & Alexander,
.
$1.25
McCrory Stores, 5%
Pocahontas
Creek
$1.12Va
$1.75
IVv.%
$5 preferred class A—
Valley Wine—
1%
11-30
43 %C
(accum.)—-.___
Co.,
Potomac Edison
8-31
*_
McLcllan
Pond
5-31
43 %C
(quar.)
(quar,)*___*
1—
(quar,)———______
preferred
4-15
6-
$1.50
'
4-30
75c
75c
______
preferred
1%
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh Coal Co., 6% preferred (accum.)_
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
11-
7%. preferred;
Melville
1
8-15
1st preferred
6%
1
6-
$1.50
____________
7%
5-
$1.75
(quar.)
McCall, Corp... (quar.)__
(
1
6-15
•1.;$0c"'
'
50c
50c
$1.10
$1.06'/4
Pinchin, Johnson & Co.—
American shares (final)
,
$55y2c
11-15
McClatchy Newspaper, 7%
1
1
Co. (quar.)
Department Stores _*
Maytag Co., $3 preferred (accum.)_____
$6
4-
4+
$1.50
Marshall Field &
/
5- 1
Philip Morris & Co., Ltd., 4V4% pfd. (quar.)
4J/2% preferred (quar.)_____—
(quar.)
preferred
$1.50
1
4-15
$1.50
May
(s-a)
1
(quar.)
preferred
1
5-
_
'
6%
4-
10c
McGraw
i 6%
4-25
4-14
___
__
10c
'$1.50
(quar.)___—
,
!—_
common
3-31
When
thare
Name oi Company
Stewart-Warner Corp.
4-14
$1.25
5- 1
$1.31»/4
(quar
Lyon Metal Products—
6% .partic. preferred
preferred
Per
oi Reo.
(quar.)__
Philadelphia Transportation Co.—
$1 participating preferred (s-a)——__
V.t.c. for partic. preferred (s-a)
;
Philadelphia Electric Co., 4.4% pfd. (quar.)
Luzerne County Gas & Electric Corp.—
514 %
Co.,
1691
Holdert
Payable
5-15
5- 1
5- 1
6%
3-31
4-25
When
•
175c
$$1.50
Penmans, Ltd., common (quar.)
37'/2c
Elec.
preferred
thare
1
$2
(Ky.), common
Dunkehheimer Co., 6y2% preferred (quar.)__
;
6y2% preferred (quar.)__
6V2%
Name of Company
of Rec.
5-
25c
'
8%
Louisville Gas &
When
Payable
25c
(quar.)
Li
—
Per
Holiert
Per
Ishare
Name oi Company
Loose-Wiles
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4275
159
4-
6
4-
6
4-28
x
Less 30 %
•Transfer
Jamaica Income tax
books
not
closed
for
'
this dividend.
tPayable in U. S. funds, less 15% Canadian
tPayable
resident
In
Canadian
funds,
tax
tax, 15% 1 resident tax, 7%.
non-residents' tax.
deductible at the Bource. Non¬
a Less British Income tax.
,
1692
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 24,
1944
i_
n
Increase
(+) or Decrease
(—) Since
Assets-
certificates
Gold
due from U. S.
hand
on
$
and
287,060
787
285.240
!____«
Total reserves
2,069
19,594,120
Industrial loans..—
12,488
354
!__»,
trict
76,061
+
United States Government bonds declined
Bills
Bonds..
1,446,767
—
—
—
2,000
—
total increase at all
(incl.
12,733,748
guar. sec.
Total loans and securities..—
12,833,430
Due from foreign banks...:—...
F. R. notes of other banks—...
+6,404,834
85,495
+
136
Uncollected items.!
75,057
4~325
+■
34,971
+
5
58,929
+
498
34,603,817
Bank premises.
+
+
307,953
___________
Other assets...
Total assets...
Deposits
20,874
346,930
"
4,020
—
15,362
—
credited
increased
banks
trict, and $95,000,000 at all reporting member banks, and
A
+
+4,791,700
54,289
+
17,761,606
100,395
of the principal
assets
12,704,331
Member bank—reserve acct...
U. S. Treasurer—gen.
203,542
accts...
1,516,713
—4-
+
65,853
+
83,813
Other securities...
718,619
1,511,054
+
72,768
+
211,011
accrd. divs....
8,97.9
+
476
+
1,660
of
Capital paid in...
Surplus (Section 13b)—a-.;
Other capital accounts..
—1
Total liabilities & cap. accts,.:
38
514
EXCHANGE
RATES
CERTIFIED
BY
FEDERAL
APRIL
9,770
14
Obligations guaranteed by U. S. Government
8,659
Batio of total res. to deposit &
60.0%
Commitments
make
to
.4%
—
144
•
863
—
30
+
19
652
+ 3,019
30
+
2
—
8,696
—
+
324
589
—
43
2,073
3,937
—
+ 248
+
3,823
—1,302
15
561
______
19
—
+
2,887
Cash in vault
6
—
7,211
17,977
Reserve with Federal Reserve Banks
84
—
+ 149
8,963
......
^
429
—
11
—
3,286
Other securities...
67
35
+
545
—
Liabilities-
deposits-adjusted.
33,766
;
Time deposits
U. S. Government deposits...
Interbank deposits:
____Y
'
Debits
deposit
to
+ 894
+
32
+
1,003
—706
+
7,319
6,486
+
8,988
8,258
Foreign banks...
Borrowings
RESERVE
____!
_
demand
and
Gov't
—
141'
+
15
6
—
except
accounts
S.
—1,505
14
+
52
U.
95
+
867
._
770
accounts,
11,073
BANK
Argentina,
peso—
Free...
16.2 '/c
—
$
TREASURY
TARIFF
UNDER
Buying Rate for Cable Transfers
in
April 15
ACT
OF
1930
United
States
in
York
New
Money
April 17
April 18
April 19
.297733*
.297733*
.297733*
April 20
f
$
.297733*
...
.297733*
.251247*
_
Australia, pound.__._L
Brazil/cruzeiro—
indus¬
TO
1944, INCLUSIVE
Value
April 14
Official...
F. R. note liabilities combined
—
1,204
____________
J
2
63
.......
U. S. bonds
TO APRIL 20,
Country and Monetary Unit
5,751,923
+
298
1,076
,___
Treasury certificates of indebtedness......^.
Treasury notes.i
Noon
136
—-
307,953
+
....
......
l-___
Treasury bills.....—
27,686
+
34,603,817
+
+
156,765
188,097
26,965
69,734
—....
____——-.
48
Foreign Exchange Rates
Capital Accounts—
Surplus (Section 7)
51
485
of Section 522 of the Tariff Act of 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:
+5,722,990
+307,401
492
511
,
612
during week.
the requirements
to
FOREIGN
34,162,256
+.
694
'
__!
_____
Other loans.........
interbank
4,458
+
Deferred availability items...__
Total liabilities
382
pur¬
obligations...
Real estate loans
reporting member banks, and of debits to demand de¬
Pursuant
Other llabs., incl.
for
Domestic banks
liabilities
and
604,848
+
—
+179,868
14,880,617
Total deposits
dealers
267,946
—
456,031
Foreign
+
386,175
+
70,193
—
1,056
27
obligations...
U. S. Government
posit accounts, follows:
Deposits;
and
U. S. Government
$46,000,000 in the Chicago District.
summary
brokers
Other securities..^...,,......
$58,-
Liabilities—
Federal Reserve notes
to
Demand
declined
9,346
+
Other loans for purchasing or
carrying:
mem¬
000,000 in New York City, $23,000,000 in the Dallas Dis¬
+5,751,923
+
;
.
domestic
to
37
agricultural
Balances with domestic banks....;
$706,000,000.
was
and
-
chasing or carrying:
89
,
.
+
+ 178,957
ber banks
6,478,793
+
+
2,007,174
!_____
117,679
+
reporting
industrial,
-150
6,188
Loans
reporting member banks was $894,-
all districts and the total decrease at all
or
Since
4-14-43
10,620
loans
United States Government deposits declined in
000,000.
Total U. S, Govt, securities
(+)
4-5-44
51,596
.....
Loans to banks
595,800
2,010,065
+'•
investments—total......
Commercial,
$30,000,000.
174,589
4,815,980
+
l"666
1,158,764
4-12-44
Loans—total—
increased in nearly all dis¬
tricts, the principal increases being $535,000,000 in the
Chicago District and $124,000,000 in New York City; the
+
88,495
+
3,007,440
—_
Loans and
Demand deposits adjusted
7,120,777
Notes_._
dollars) '
Increase
member banks.
$19,000,000 and
$30,000,000 at all reporting
of Treasury notes declined
qf
Decrease (—)
2,102
—
US. Govt, securities;
Certificates—
and
Holdings
—1,075,381
31,830
•
68,263
—
6,489
87,194
_
Discounts and advances.
—1,253,095
+
245,977
9,345
+
19,021,820
Treasury
Bedemption fund—F, R. notes...
Other cash__
Apr. 21, '43
Apr. 12, '44
Apr. 19, '44
millions
Assets—
Holdings of Treasury bills increased $193,000,000 in the
Chicago District, $32,000,000 in the St. Louis District, and
$149,000,000 at all reporting member banks, and declined
$47,000,000 in New York City and $31,000,000 in the
Cleveland District.
Holdings of Treasury certificates of
indebtedness increased $39,000,000 in the Chicago Dis¬
thousands of dollars)
(In
(In
$27,000,000.
Loans to brokers and dealers for purchas¬
ing or carrying United States Government obligations
declined $51,000,000 and other loans for the same pur*;
pose; declined $48,000,000.
.251247*
3.228000
.251247'
3.228000
.251247*
3.228000
.297733*
.251247*
.251247*
3.228000
3.228000
3.228000
Official
8,710
trial loans
449
—
.060586*
.060586*
.060586*
.060586*
.060586*
Free........
2,950
—
.051275*
.051275*
.051275*
.051275*
.051275*
.051275*
.909090
.909090
.909090
,909090
.909090
.909090
.060586*
Canada, dollar—
Official.....
...
Free.....
.901875
___________
Colombia, peso..!
England, pound sterling
.901770
.572766*
.902187
.572766*
.902031
.902265
.572766*
-
.572766*
.901339
of
banks
shows
cities
the
week ended
mand
Reserve
following
System
principal
in
leading
101
changes
the
for
April 12: An increase of $894,000,000 in de¬
deposits adjusted and
in United
■
Federal
the
reporting member
decrease of
a
$706,000,000
4.035000
4.035000
4.035000
4.035000
India (British), rupee.........
The condition statement of weekly
.301215
.301215
.301215
.301215
.301215
Mexico, peso
.205820
.205820
.205820
.205820
.205820
Alkali
Works
Uruguay,
Total
earns,
Prov.
for
Income
depr,
Federal
.899791
.899583
3.244203
3.244203
3.980000
3.980000
3.980000
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
.529600*
.529600*
.529600*
.529600*
.529600*
the
will
findings,
which
next
We are .pretesting the Revenue
undoubtedly result in the matter being
Liabilities—
company.
Notes
If unsuccessful
to
Conference
a
Committee
of
the
Bureau
of
withheld
Assets—
in
Sheet,
March
bank
$1,243,572
$1,190,831
$1,059,516
455,171
457,628
444,808
39,236
43,342
■
liability—Fed.
(488 9/10
31,193
350,000
410,000
345,000
$344,861
828,171
828,171
$0.37
$0.44
Taxes
shares—par $10
and
for
excess-profits
tax..
$5,037
each).
outstanding (no par)
Earnings per share
in
Sales
the
the
first
decreased
to
the
Pmnt.
increased
of this
conversion
increase
an
and
wages
16,
1944
about
cost
of
8%
over
complete
is
and
plant
instructions
were
from
and
The
ready
to
present
plans call for
produce fertilizers.—V. 159, p, 640.
to
Miami Copper Co.—Annual Report—
During 1943 the
Copper Co.,
597,975
65,297
782,150
Mead
Bet,
Corp.
sales,
This
in
company
from
of
less
wholly-owned
its
the
gold
Castle
Miami
Dome
than
labor
and
the
and
property
in
year
in
over
property.
1943
production
previous
recovered,
were
of
combined
any
of
and
of
Castle
amounted
6,735,839
6,296,558
494,369
470,050
27,879
99%
the
history.
of
ounces
of
production
of
which
previous year
silver
was
of
costs
in
were
$1,223,978
22,194
42.634
$1,246,172
"Sales
of
$2,201,129
Years
......
taxes
Ended
Copper
part'to
Dec.
Depreciation
.
______—.
expenses
387,490
408,650
388,521
funded debt
on
61,243
62,765
$860,759
169,011
$774,758
170,107
$1.723,a?2
(est,)..
444,672
250,000
900,000
1,858
3,477
5,618
Other
&
gen.
(other
...
admin.,
than
etc.,
ounces
from
Co.
the
,
before
income
taxes....
Federal normal and State inc.
Federal
excess
Minority
Net
profits
income
...
the
for
Earnings per share of
•On
tax
interest
693.607
period
stock..
com.
common
$245,218
shares
in
Budding
Ruling Protested—
Pepys, Secretary,
$251,173
*$0.20
1944
and
stock.—V.
Medico-Dental
C.
Rent
Co.
,
*$0.21
693,611
t$0.62
shares
in
1943.
158, p. 2048.
of
Los
Certificate
holders
in
in
31
dissolved
clearances
The
on
its
income
taxes)
the
3,4
income
decision
months
was
tax
not
later,
and
State
received
and
this
franchise
until
March
decision
is
tax
returns
14,
1944
adverse
to
or
the
comoam'.
Operating
company's
in the sum
refuses to
recognize the basis
on
which
tax
on
was computed and contends that an additional
of $5,037 is due.
This sum amounts to approximately
return
1944—Month—1943
$155,831
$362,303
185
234
362
467
$185,470
$155,597
$361,941
$310,682
89,693
79,238
178,814
160,839
50
50
100
100
59,547
45,121
114,018
90,308
$36,280
$31,288
$69,209
$59,635
26,651
oper,
21,560
49,907
40,168
rev..
Operating revenues
Operating expenses
and
Corp,
accrued...
Depreciation
for
Castle
Prov.
for Fed.
for
and
state
inc.
Net
Net
oper.
income.
income....
—V;
156, p. 784.
$2,133,114
Consolidated
Dome
13,329
312,786
300,627
_!
....
33,807
taxes—estimated-
300,000
400,000
Net
Dividends
Earnings
___.
tha'
$763,780
-
......
paid
per
373,558
share
on
capital stock
!
37,3,558
$1.02
Dec.
31,
1943
$1.32
and
Total
income
Consolidated Balance
Sheet
Dec,
U.
S.
over-
Accounts
Notes
1942
699,443
or
975,617
977,122
"t82,434
Y.IIIZ
3,398,363
rec. from wholly-owned subs.-.
to be billed to U, S. Gov.' agency"
Inventory of metals
Materials and supplies
Ore in bins..
2,687,390
Prepaid
deferred
exps.,
7,076
1,027,630
494.080
876,815
...
1,704,140
13,284,664
13,443,031
151,675
102,467
9.375
Investments
(net)
for
Provision for
Provision
Other
_
charges & other assets.
$6,260,731
279,810
206,436
416,284
380,372
446,000
250,000
expenses—
contingencies
profit sharing
for
depreciation
——
332,500
and
excess
profits
refund
"
l
of
598,301
5,474
and surtax—
14,775
1,102,125
profits tax.
1,091,925
2,150,000
Cr215,000
tax__:
excess
332,500
299,694
amortization—
deductions
Net
2.200,000
yeqrs—net
Cr220,000
Cr608
Cr 1,161
$1,670,507
$21,947,719 $20,703,061
_!
profit
Preferred
$1,407,584
dividends
Noncumulative
--Common
759,400
dividends-
759,000
111,600
469,830''
•
dividends'
469,830
111,600
Note^-Renegotiation proceedings for 1942 have
been completed.
Tho
gross refund for that year amounted to $900;000 and the net cash cost
was $90,000 which
amount, together with the. reduction of $81,000 in
.postwar refund of
excess
profits'1 tax,
has been charged to
/general and operating contingencies provided
year..
For
1943
renegotiation
Total
$6,486,785
:
expenses-;
general
Overprovision for prior
696,944
accts.
Exps. billed
203,813
$581,436
tax
one
Provision
Postwar
*1943
receivable
and
31
$1,451,078
Treasury certificates and notes
$6,056,913
111,970
—
and
Federal normal income tax
—
1942
$6,374,815
_________
Selling, develop., etc.
Federal
Cash
1943
income
_
$984,160
.
Subs.)—EarningsAccount
sales, less cost of goods sold___
Other
435,000
355,000
(&
Income
Years Ended Dec. 31—
______
-
______
1
contingencies
profit
$311,149
124,624
...
!___
Depletion of Caistle Dome property...
Reserved
______
Operating taxes
Not
$2,008,490
353,473
paid
(Cn
Midland Steel Products Co.
Plant
1944—2 Mos.—1943
$185,655
revenues
Uncollectible
property
$2,118,846
Defense
158,
Rent from lease of oper.
$2,009,271
income
to
§Fixed -assets
The Government
$39,718,984 in 1943 and $38,663,863 in 1942.—V.
Michigan Associated Telephone Co.- -Earnings—
9,863,698
profit
Assets—
adyised
were
and
Federal
Government's
approximately
amount of
1475.
Period Ended February—
1942
109,574
Angeles—Tax
on Jan.
29, 1943 that the company
remaining assets distributed pro rata to
the holders of participaing certificates as soon as the
company obtained'
would-be
operating
■"Including copper sold but undelivered at
quota payments under premium price plan.
a
7,023,032
$20,703,061
Available
plant
$486,053
circular letter to the holders of par¬
ticipating certificates in respect of Capital Stock deposited pursuant
to Voting Trust Agreement dated
July.l, 1935, said:
-
7,413,120
$21,947,719
Administrative
tOn 625,000 shares of common
Eric
331,751
133,333
7,914,229
3,735,580
were
increases
ex-
income
Total
89,187
taxes
Consolidated
Int.
Income,
!_7,209,458
the
543,556
1943
$11,872,970
„
mining,
and
penses
Statement
'
metals
Development,
$2,158,495
$1,309,496
___________
21,857
410,500
3,735,580
surplus
in the
p.
produced
and. 554
recovered
Miami
due
of
In- addition
concentrates
supplies.
,
531,272
$1,266,096
43,400
profit
income
Grosgs
supplies used_
contlngencies_____i__________—
____
7,204,534
Other income
Interest &
replacement of Gov.
for
to
to
Net
Operating
for
"Consolidated.
tAfler deducting $200,000 advanced by such agency,
tlncludes $175,507 due to U. S. Government.
^Includes $7,755 payable
wholly-owned subs.
SAfter deducting depletion and depreciation
;
company
subsidiary,
exceeded
its
form
Production
the
in
Income
18, '44 Mar. 20, '43 Mar. 21, '42
$8,965,000
$8,429,867
$8,986,325
discounts.....;
production
Inc.,
molybdenum
Mar.
sales, before depreciation^.
Selling and administrative expenses
combined
pounds, of which Miami produced 70,686,762 pounds and
Dome, from June 10 through Dec. 31, 1943, produced 18,020,066
pounds
cost
(& Subs.)—Earnings—
of
Cost
Earned
88,706,828
Castle
higher in
12 Weeeks Ended—
36,153
578,813
690,680
62,824
Total
of
-
75,318
479,289
Note payable due subsequent to 1943
Unrealized surplus reserve
Capital stock ($5 par)
1,136
$11,062
pounds.
materials.
metal-chlorine
on
plant
ammonia,
ammonia
of
-
156, p. 607.
Dome
stated:
Directors,
the total earnings from operations
ammonia
of
of
magnesium
March
on
production
the
showed
However,
The
Corp,
$0.36
Board
Governmnt
suspended
for
operate
$0.30
of the
quarter
due
Operations at the
temporarily
Defense
828,171
chairman
period last year.
same
have
payrolls
stock
common
Allen,
63,057
accrued
Reserves
4,889
contingent liability—Federal
tax)
___________________
fl$251,589
taxes,
Reserve
$11,062
excess-profits
for
Freight, smelting, refining & other chgs. accr._
Sundry accrued exps., unclaimed balances, etc..
.■_
and
Total
-V.
M.
$768,333
1602,614
employees
_______
$403,515
828,171
income
provision
(after
income
180,000
$339,165
Surplus
Accrued
(including Indemnity Trust P2477).,
Capital stocks
38,363
by banks...
from
war,-bonds,.etc.-
1944
1944
Liabilities—
460,734
31,
'
Contingent
$1,138,727
held
or
payable
Amounts
Balance
$289,629
E.
to
Accounts
:5
taxes
Shares
payable
Internal
through this effort, and in view of the large
amount involved, it is planned to
litigate the matter in the Tax Court.
1941
.898958
3.244203
3.980000
,
"Nominal rate.
Revenue.
Net inc. trans, to surp.
1
.899791
3.244203
1
submitted
depl.
(net)
'
.899375
3.244203
.529600*
Agent's
1942
.205820
Z .909090
.909090
.909090
'
3.980000
,__4
half of the net assets of
oper.
&
charges
for
Prov.
from
1943
.909090
3.980000
peso—
Controlled
(Inc.)—Earnings—
1944
.909090
3.244203
Zealand, pound.....!
Africa, pound-
Union of South
Cash
Mathieson
.909090
.899375
New
Commercial, industrial, and agricultural loans declined
3 Mos. End. Mar. 31—
.301215
:
Official
Noncontrolled
(Continued from page 1660)
4.035000
Newfoundland, dollar—
States Government deposits.
General Corporation and
Investment Hews
.572766*1
.572766*
4.035000
of
company
has
$2,250,000
made
which
provision
amount
out
reduces
T
for
gross'refund
the
that
upon
percentage
profit "on estimated renegotiable sales to approximately the
'
for
reserve
of .income
for.a
of
percentage
Volume
the
for
allowed
review.
upon
THE
Number 4275
159
This
1942.
year
is
provision
subject
Balance
Sheet
Dec.
U.
'Trade
accounts
securities--
receivable
Inventories
and
1,220,550
Deferred charges
Montana
Operating
expenses
3,751,810
Federal
1,675,000
1,675,000
Other
taxes
290,066
371,919
Prop,
retire,
$21^798,179
__
—
payable
local
Accrued
(net)
taxes
Accrued Federal
•(•Federal taxes
37,500
Common
div.
stock
Earned
307,187
stock
9,492,500
5,580
-
—
tax
of $25,000.
reserve
6,101,843
4,894,332
150,663
168,223
1,714,067
1,817,200
,
became
of
amendment
stock
common
into full paid and non-assessable shares
is convertible
and now
the
becoming
at $75
ferred stock series B
share, taking the A'A
convertible pre¬
share.—V. 159, p. 1449.
per
at $100 per
Ontario
&
Co.
Paper
(Minn.)
Interest
—
the
payment
1944, of all interest accrued for the
1,
May
on
1943 on the first and collateral mortgage 5 'w
year
directed
calendar
income bonds.
bonds
at
York
—V.
Northwestern
National
principal office of Halsey,
the
at
or
the
the
at
or
Chase
City,
at
or
158, p.
National
branch
any
1939.
Bank
Bank
of
Minneapolis,
Stuart & Co., Inc.,
the
City
Canada
in
,\
,
of
of
of
New
8,148
137,167
85,790
$575,581
$698,980
207,919
$6,545,435
2,474,283
$6,286 539
203,203
$491,061
$372,378
-
—
and
Total
2,802,235
Operating
revenues
Operating
expenses.
Federal
$703,721
$4,071,153
957,534
$3,484,304
957,534
—
—
1942
$51,104
10
697
—
$9,267,109
2,323,911
1,794,705
1,671,903
Other
taxes
74,966
82,319
929,145
932,530
Prop,
ret,
62,500
62,500
750,000
750,000
res.
approp.
limited-term
of
Amort,
investments
Net
oper.
577
—:
6,893
8258,260
$276,398
970
485
$276,883
6,865
7,1G5
$259,230
134,289
revenues
Other income
574
$3,489,036
1,555,601
_
$3,481,871
$3,313,442
Income
Interest,
Net
etc,,
charges;
income
Dividends
—V.
—
6,885
.
$124,941
applicable
159, p.
132,008
preferred
to
$144,875
$3,320,327
1,626,401
$1,933,435
$1,693,926
986,356
990,325
stocks—.
1356.
The
of
York
Co.—Listing of Common Stock
Stock Exchange
stock
common
Income
(no
has authorized the listing
which
par)
Statement,
Years
issued and
are
Ended
Dec.
is
of 210,000
outstanding.
subsidized
pension
1942
$2,041,003
85,676
108,415
11,070
18,094
1,409
1,404
—.
bonds
in
fund——
—
sinking
6,780
697
$2,322,698
——
—
10,463
1,384
on
I
Total
$2,180,076
Liabilities—
"Capital
outstanding
stock
term
unpaid
be
1943
interest
sales, less discts,, returns & allowances— $25,951,495 $28,685,923
of goods sold
15,267,589
14,860,213
tSelling, general and admin, expenses
815,220
697,700
—
Gross
Other
profit
$9,868,685 $13,128,010
174,585
for
Fed.
of
refund
Reserve
for
prov.
taxes
renegotiation
Post-war
&
&
exc.
contracts,
war
of
$13,288,745
15,037
6,148
-
for bad accounts
inc.
on
160,734
$10,043,271
—
cafeteria
on
Erov,
operations
Federal
prof, tax &
estimated
9,310,000
13,202,511
Cr265,000 Crl,025,944
profits tax-
excess
contingencies
178,585
.
income
Net
income-
"Including
1942
in
and
1942
$804,648
depreciation
$282,184
of
$5,245
in
in
amortization
and
1943
of
Balance
U.
15,000
15,000
—
121,720
123,277
—
136,418
—-—
103
—
Dr584,215
Dr755,441
$2,322,698
—
$2,180,076
-
———
"After
1,564
—
—*
—
4,300
2,628
—
—;
credits.
unadjusted
1962,
and
demand
and
amortization
1943
deposits
1942
$3,135,807
Savings Bonds, series F, 1953 and Postal
Savings Bonds, at cost and accrued interest-
$3,332,969
Co.—Expropriation—
See
Montreal
Light,
731.
Heat
Consolidated
Power
&
157,
Notes
and
for
accounts
doubtful
Contract
receivable
ernment
for
2,657,817
the
U.
is -reported
•It
Ileat
the
Consolidated—Elec¬
Power
&
Expropriated—
There
which
the
will
that
added
established.
are
this
On
capital
amount
compensation
for forcible payment thereof and
outstanding and all other charges will
be
deducted.
The resulting net amount will be the total available
•to
the Montreal Light, Heat & Power as payment for the loss of its
electrical and gas services.
The Quebec Government is not taking over Montreal Power entirely.
the
of
as
such
debts
expropriation power bill the company
which
investments
harnois
bonds
as
and
Power
retains
its
excludes
interest
erty holdings outside
Beauharnois Light,
its
in
the
company's
Island
Montreal
coke
is left with
Power
its port¬
in
investments
companies.
subsidiary,
The
steamships
Beau¬
company
Debt
and
annum
acquisition and installation
of emergency plant facilities, current portion
Advance payments on purchase contracts
of
which
the
in
and
prop¬
was
159,
p.
1450.
.;
•
of
(par
Investments
Fixed
99,933
and
assets
other
(less
Preferred and
Lines,
Inc.—Securities
with
&
assets
i
-
—
Total
.
.
share
on
share
per
before
or
April
of
and Oct.
orders
on
Company
American
22,751
20,855
Deposits by employees for purch. of War Bonds
Prov.
Fed.
for
gotiation
Treas.
Taxes,
inc.
of
&
tax series.
other than
Fed.
tion
est;—less
accrued
&
commis'ns. &
payable
of
taxes &
exc.
1942
Reserve
for
Capital
stock
to
war
U.
S.
Sept.
U.
S.
since 1913
active in
Prior
prof,
6,419,311
taxes
Govt,
on
During
of
flag
on
the
1950)
cluded
the
p.
with
basis
of
the
the
company's experience for
year
on
at
after
Dec.
dividends
of $20
31,
of
which
of
$5
500,000
1,000,000
2,675,651
1943
income,
has
in
during
year
the payment
on
cumulative
500,000
reserved
for
11,
per
the
1945,
31,
and
and
cumulative
are
quarterly on Jan. 1, April 1,
is redeemable in whole or in
19
and
20
during
year
1953
years
of dividends
preferred
stock
1,000,000 shares
shares
issuance
of
were
of
to
other¬
or
of
con¬
$100)*
(par
stock
common
outstanding,
conversion
on
amendment
of the par value of
and
the
$5
the
of
certificate
of
270,000
preferred
incorporation
$50
share.
per
the capitalization of the company* consists
authorized $2.50 cumulative preferred
of
stock,
outstanding,
for
and
1,000,000
500,000 shares
issuance
are
of
stock
$2.50
to
be
shares
of
authorized
outstanding and 270,000
conversion
on
of
such
preferred
of
all
shares
108,000
of
which
stock,
common
are
of
reserved
stock.
of
each
of
the
firms
and
corporations
purchase from the selling stockholders, the 60,000
stock and the 60,000 shares of new common
by such selling stockholders, and the respective
have agreed
shares
name
to
preferred
sold
underwritten,
follows:
are-as
Pfd.
Kuhn,
A.
Loeb
Co
Allyn
C.
&
&
Co.,
Central
Republic
Grubbs,
Scott
Johnston,
Inc
H.
Lemon
Rollins
&
Schroder
&
5,000
5,000
5,000
3^000
2^000
3,000
11,500
,
11,500
r_
Co
Co
Ladenburg Thalmann Corp
Maynard H. Murch & Co.__
E.
18,000
5,000
;
,
Co.—
&
Shares
18,000
.
Com.
Shares
Name—
Sons,
Rockefeller
—
!
&
of
3,000
7,500
7,500
5,000
Inc
Co.,
2',000
3,000
Inc.—,
Statement
5^000
Income, Years Ended Dec. 31
1943
1942
1941
Terminated
voyage profit bef. over¬
depreciation
Compensation from War Shipping
head
&
Administration
Gross
profit
tions
for
of
bef.
$4,646,527 $17,077,193
—_
vessels
vessel
opera¬
use
from
overhead
depreciation
Gross
profit
tions
Other
&
5,421,807
depr.—_
3,016,797
$5,421',807
$7,663,324 $17,077,193
1,107,95,8
—
from
before
shipping
vessel
646,299
tions
Total
overhead-—
$4,313,849
operations—
before
Other
$6,851,491
2,401,726
—
profit from shipping
Interest
profit
Prov.
for
inc.
&
$5
26,018
298,826
48,795
$6,499,901 $14,181,105
profs,
excess
603,333
596,852
$2,477,816
preferred
stock
696,000
$5,903,049 $13,485,105
270,000
270,000
270,000
500,000
stock
on. common
142,893
46,871
$3,081,149
.
on
116,089
$6,572,790 $14,528,726
9,914
—
Dividends
•
—
264,216
—_
profit
2,489,097
$6,456,701 $14,385,833
$3,355,277
taxes
before
Fed.
Dividends
—V.
900,000
$3,149,765
opers.
—————
expenses
taxes
Net
2,344,336
of
_*
expense
Miscellaneous
Net
$8,801,307 $16,874,929
205,514
income
.
400,000
income
Total
;
$7,017,025 $16,420,442
1,784,012
454,487
2,537,642
Recapture of agency fees
Contingencies (poss. adjustsmts.
compensation accrued, etc.)-Gross
.
opera¬
overhead
overhead
656,751
'
opera¬
Grosk profit from shipping
per
1945,
share,
per
Line.
(which
Inc.
Sept.
on.
12,
accrued
plus
1937,
changed
was
under
to
the
the present
company.
the
and
east
coast
Atlantic
service
were
used
vessels
were
South
in
.on
which
trade
These operations
for
were
American
(mostly
route
America,
and
to the Antilles.
the
Baltic
and
In said
part
operated
Norwegian)
both
Such
was
500,000
500,000
159, p. 1356.
Murray Corp. of America—Earnings—
Ended—.
Feb. 29,
Net sales of domestic and
ing
billable
fixed
fee
costs
war
and
contracts)
'44 Feb. 28, '43
products (includ¬
fees
on
cost-plus-a
$44,839,731 $28,796,889
—
Miscellaneous income
56,388
17,087
the
on
and
the
York
Total
Cost
products
service,
Miscellaneous
Fed.
income
Post-war
Net
Earns,
oper¬
&
foreign flag operation was
above,
p.
&
41,560,564
expense
818,470
26,917.481
488,737
—1
general
42,560
1,865,000
805^000
prof, taxes (estimated)
excess
refund
of
excess
profits
taxes
per
26,035
Crl52,500
profit
"
$722,725
share
com.
Note—Provision
foreign flag
;
sold
admin.
deductions
com¬
Ameri¬
were
$44,856,818 $28,853,277
of
Selling,
operations,
vessels
American
be¬
icebound,
New
continued by
1937,
also
and Baltic
between
routes
were
the year
the most
route, foreign flag
operated
of
ports and Scandinavian
the effective date of the provisions of the Merchant
Act, 1936, which made it unlawful for any contractor receiving
an
operating differential subsidy to own, charter, act as agent or
broker for, or operate any foreign
flag vessel which competed with
any American flag service determined by the United States Maritime
$9,817,818 $14,871,206
383.
holders
of
for
amounted
to
on
950,615
in
$0.76
$0,65
shares
depreciation
$339,519
$616,021
for
the
1944
and
six
months
$349,432
ended, included
in
1943.—V.
159,
739.
Marine
1,000.000
renegotiation for the
liability for Federal taxes
consisted
Accordingly,
shares
1938)
Antilles.
South
Commission
for
Dec.
converted
Delaware
the winter seasons,
that
Scantic
vessels
1,000,000
par)-
1943,
maturing serially
per
outstanding, and
certificate
a
6 Months
in
affiliated .companies until
or
American
ated
2,850,299
Note—Provision
the
discontinued after
Surplus
Total
before
or
days' notice at $52.50
the business of the
the Lesser
187,926
1.556,132
contingencies
no
of
by; Albert V. Moore and Emmet J. McCormack
had been engaged in steamship enterprises and who are
States
vessels
can
-
31,
preferred stock
United States North
182,755
renegotia¬
Dec.
the
ports.
205,251
expenses.
to
United
tween
116,499
other
option
organization of the company, Moore & McCormack Co.,
Inc., had been engaged (in steamship service between the east coast-of
pany
1,146,840
if
on
payable
are
The
Scantic
16,
who
and
interest.-
contracts
(210,000 shares,
30,245
rene¬
i
payrolls,
Amount
&
inc.
accrued
Accrued
prof,
contracts,
war
notes,
exc.
$521,807
3,353,510
1,
and
organized
was
on
16,891
.
Capitalization
of
•
By
dividends.
name
$408,973
collections
the
at
Preferred stock
1950;
1944,
name
1,516,932
——
advance
31,
converted
stock
common
Dec.
1,
if
part at any time on 30
the
payableand
stock
common
1,386,912
Liabilities—
Accounts
Deposits
convertible
price (taking the preferred stock at $50 per share)
of
1,484,371
$9,817,818 $14,871,206
-
is
any time until Dec. 31, 1950 (or, if called for redemption, at any time
prior to the date fixed for redemption) into common stock at the con¬
still
Intangible
stock
preferred
1,247,498
amortiz.)
financ¬
ing of the company, consisted of 60,000 shares of $2.50
cumulative preferred stock ($50 par) priced at $48.50
per share, and 60,000 shares ($10 par) common priced at
$15.50 per share.
996,765
deprec.
and
as
the company filed on April 14, 1944, each of the
54,000 outstanding
shares of $5 preferred stock was reclassified as and converted into
two
shares of $2.50 cumulative preferred stock (convertible until
Dec. 31,
by Kuhn, Loeb &
new
vessels
said indebtedness.
shares
were
were
April 18 by
a banking group headed
Co: and including Ladenburg Thalmann Corp., E. H. Rollins & Sons
Inc., Schroder, Rocke¬
feller & Co., Inc., A. C. Allyn & Co., Inc., Central Re¬
public Co., Maynard H. Murch & Co., Grubbs, Scott &
Co. and Johnston, Lemon & Co.
The offering, which is being made for the account of
to
as
of
Offered—
stocks of the company were of¬
common
fered to the public
1,972,408
126,678
assets
for
res,
99,933.
1,598,252
—
both
A
Moore-McCormack
by
The company expects that
services,
1963.
year
restrictions
no
54,000
$10),
shares
Vessel
..
.
three
the sus¬
1943, the authorized capital stock of the company
stock.
the
at
Power
&
to
necessary
an
are
31,
all
opening of business on
placed in the unlisted section of the Montreal Curb Mar¬
July 1,
.
be
aggregating $115,543
$165,299
province.
Heat
its
on
prior
as
may
Quebec
rates
consumer
be
thereafter
as
war.
such
company,
respectively,
1952,
connection
amounts
Hydro-Electric Commission has for¬
mally taken over the premises of this company.
This action followed
royal assent to the bill for expropriation of Montreal Light, Heat &
Power Consolidated, with its two subsidiaries, Montreal Island Power
Co.
and Beauharnois Light, Heat & Power Co.
Under
the
expropriation bill the indemnity payable by the Pro¬
vincial Government will be the capital value of the company upon
from
the
Inventories
6,388,893
Gov¬
S.
since
government
service
manner
changes
resume
Other
the
per
to
Underwriters—The
Light,
tric and Gas Properties
$25
-
with
58,188
allowances
(less
accounts)
of reimbursement
58,995
vessels,
the
to organization.
as
of
$113,643
sisted
•
Montreal
1944
Dec.
which
below.—V.
to
and
debt
3 Va %
at
and
1944.
134,861
•
deducting stock held in treasury of $1,200,000.—V. 159, p. 1042.
Montreal Island Power
version
/
for
outstanding bank loan in the amount of $5,000,000,
which was made pursuant to a line of credit established
by the com¬
pany in a somewhat larger amount.
Of said loan (as heretofore ex¬
tended), $1,000,000 will be due on April 30, 1944, $2,000,000 on May 24,
1944, $500,000 on June 29, 1944, and $1,500,000 will be due on July 10,
are
The
S.
Vene¬
of
Company has
11,607
contingencies
Total
31
,
hand
on
$245,008 'in
aggregating
$9,962.
Sheet, Dec.
Assets—
Cash
630,00'0
tlncluding depreciation
1943.
and
$1,106,030
630,000
—
paid
Cuba,
operating
agent
resume
same
such
conditions after the
instalments,
years
5,188
5,135
—
appreciation
appreciation —-
Corporate surplus
the
On
withheld
tax
for
interest
annual
wise in
certain stockholders and does not constitute
Dividends
Colombia,
promissory notes issued to the U. S. Maritime Commis¬
sion, of which $2,806,520 were then outstanding, secured by first pre¬
ferred mortgages on three vessels then owned by the
company, bearing
14,945
—-r._—
Unrealized
-
income
Gross
Loss
from
income
been
to
company
with
Gross
"Cost
Haiti,
ports as
substantially the
position
a
funded
39,061
——
in
series
18,805
accrued——
liability
fund
$998,800
1,592,000
;
ket.—V.
1942
these
the
services,
Funded
—-——11,220
-——
Accrued taxes
Realized
$998,800
1,592,000
——
debt
matured
Unmatured
S.
in
said
of changed
will
three
insurance
Interest
lines
of
of
$71,297
$2,216,379
receivable
interest
Long
intention
it
April 15
31
the
and other facilities and
i
—
Prepaid
also
New
It
.
Sheet, Dec. 31
(net)
Accrued
folio
shares
of
some
123,098
L
Accounts
Under
Monarch Machine Tool
or
$51,801
1943
—
10(r
Gross
all
$2,542
Investments
,498,651
2,304.495
122,037
Trinidad,
however,
between
which
209,572
Curacao,
41,056
———
loss
Cash
p.
$753,400
at
Barbados and intermediate ports in the West Indies. Company's
service on this line was inaugurated in 1940, and was sus¬
pended in 1942 when the government took over
substantially all mer¬
chant vessels.
Company has,
$38,513
income
gross
Special deposits
1944—12 Mos.—19431
183,700
calling
zuela,
Post-War Period
1943
$38,503
*
Assets—-
Bank.
123,718
—
taxes
Uruguay,
Co.—Income Statement—
royalties
,.
1944—Month—1943
operating vessels since 1942 between all or some of these
agent for the government (acting through the Administrator).
Pacific Republics Line service between United States and
Canadian ports on the Pacific Coast and
ports in Argentina, Brazil'and
The
trustee,
Minnesota Power & Light Co.—Earnings—
including
The
1942
General Balance
*
Period End. February-
.
as
(3)
reason
Chicago, 111.,
York, in New
The. Dominion
has, however, been operating vessels since
ports as agent for the United States Gov¬
the ..Administrator, War Shipping Adminis¬
these
been
ports
1149.
Miscellaneous
Other
■
Payment of such',interest may be obtained by presenting on May ,1,
1944,
the coupons maturing on May 1, 1944, appertaining to said
Mur¬
Brazil.
Company's regular American-flag service on this line
inaugurated in 1938, and was suspended in 1942 when the govern¬
ment took over substantially all merchant vessels.
Company has, how¬
2,121,337
charges—
Monon Coal
Rentals
Reserve
directors have declared to be due and payable and has
The
and
(acting through the Administrator),
U.
Payment Authorized—
Sea
Para,
$6,200,749
applicable to preferred stock
Sinking
Minnesota
of
through
.
2,054,618
p.
159,
Net
effective was reclassified into two
shares of common stock, par $3 each.
Immediately prior to said amendment becoming effective, the A%
convertible preferred stock, series B, was convertible at the option of
the respective holders thereof at any time into full paid and non¬
assessable shares of common stock at the price of $150 per share, tak¬
ing the 4 </<> convertible preferred stock, series B, at $100 per share.
Such Ar/t>
convertible preferred stock, series B, on March 31, 1944,
to said
Baltic
ports on
$6,408,268
5,185
income
irijeome
Net
the number of authorized shares of common stock was increased
prior
the
in
The American Republics Line service between U. S. Atlantic
ports
the east coast of South America south of and
(2)
and
172,506
—V.
Rights—
750,000 shares without par to 1,500,000 shares, par $3 each, and
each share of common stock without par value outstanding immediately
ports
company
some
tration.
$690,832
(net)—
By amendment to its certificate of incorporation effective March 30,
1944,
ports,
with the privilege of calling at Halifax, N. S.,
Company's regular service on this route was
B.
The
acting
171,902
Minneapolis-Honeywell Regulator Co.—Adjustment of
from
ernment
$570,396
Deductions
Conversion
N.
was
revenues
etc.,
Scandinavian
Archangel,
John,
inaugurated in 1928, and was suspended in 1940 as a result of the war
and
the Neutrality Act of 1939 and proclamations of the
President
5.767,698
5,512,380
Calendar Years—
$21,798,179 $19,171,714
t After, deducting U. S. Treasury
notes of $3,269,862 in 1943 and $2,400,000 in 1942.—V. 159, p. 1557.
deducting
450,150
439,649
Dividends
'
—
and
and
St.
regular
3,002,364
.
$1,921,360 $21,791,176 $20,801,316
de¬
and
income
Gross
2,349,150
2,349,150
3,332,041
'
and
1942 between
1944—12 Mos.—1943
506,557
reserve
Interest,
__
5,580
,
-
■•>'•■
-
After
1,400,000
9,492,500
,
par)—
no
(234,915 shares no par)
*
*
(55,800 shares
2,340,000
1,675,000
surplus,^
Total
75,313
1,052,695
—
income—estimated-
Liability for renegotiation refund
—
Reserve for general and operating contingencies
8'h, cum.,.; (par $100) 1st preferred stock——
$2 .noncum.
38,725
' 93,875
:
capital stock tax
on
Subs.)—Earnings—
$1,965,015
565,497
taxes
oper.
Other
$1,755,387
$2,165,346
——
inclusive,
ever,
Net
Liabilities—
Accounts
(&
$19,171,714
—
i
—
unit of the Missouri Pacific,
159, p. 1449.
a
1944—Month—1943
revenues
Operating
3,624,301
pletion
Total
Co.
Power
3,041,268
86,494
220,000
(net)
.
dis¬
its reorganization plan.—V.
Period End. February—
354,000
81,357
plant and equipment
Patents and good will
to
thereunder.
1,670,176
profits tax estimated
Property,
not included in
was
2,966,092
assets
excess
but
2,233,018
—
(less reserve)—,—
3,231,996
other
refund of
The road is
$5,388,955
-
Investments
Post-war
1942
$9,087,890
•
Government
1693
mansk
has petitioned the Federal Court at St. Louis
company
charge it from bankruptcy.
1943
__jl
S.
Missouri-Illinois RR.—Asks Bankruptcy Discharge—
The
31
Assets—
Cash
adjustment
to
■;
Consolidated
COMMERCIAL & FINANCIAL CHRONICLE
been
estimated
in¬
on
the preceding yar.—V. 159,
to
Subsequent
services
be
to
carrying
essential.
June
30,
will
1937,
passengers,
the
company
operated
general merchandise and
three
mail,
foreign
described
follows,:
as
(1)
on
The
the
Narragansett Electric Co.—Will Buy Building—
Samuel C. Moore, President,
take
title
to
marks
of
the
city,
England Mutual
American
Atlantic
Scantic Line
Coast
from
service
Hampton
between
Roads,
United
Va.,
to
States
Portland,
ports
Me.,
I
the
on
Arcade
April 14 announced that the
Building
in
lower
company
Westminster
Street.
Providence, R. I., on May 1.
the
was
Life
This building, one of the historical landconstructed in 1828.
It is now owned by New°
Insurance
Co.
of
Boston.
Narragansett Electric Co. plans the erection
ture. ("Boston News Bureau.")—V. 158, p, 2255.
It
is
of
a
understood
that
$5,000,000 struc¬
1694
THE COMMERCIAL & FINANCIAL CHRONICLE
Mutual Investment Fund, Inc.—Quarterly
$10.55 per share,
record date.
.
after
__
......
__
Maryland
cents per share on
10
the
franchise
tax.
1
—
___
Fund paid the Mutual Management
during the three
disbursing agent.
months
Balance
Assets—Securities
$820,594),
accrued
at
held
by custodian
(market value,
cash in hands of custodian, $69,765;
$2,299; deferred charges, $242; total,
and
$872,084;
receivable,
dividends
Co. an aggregate of $2,444
for management and as
Sheet, March 31, 1944
owned
cost,
$944,390.
Liabilities—Accrued expenses, $1,235; reserve for
accrued distribution (payable April
$83,693; paid-in surplus, $1,134 079;
Dr
$284,530; undistributed income,
2255.
p.
Federal taxes, $368;
Funded Debt
1944), $8,370; capital stock,
security profit and loss account,
$1,176; total, $944,390.—V. 158,
and
Authorized
15-yr. S. F. debs; due Apr. 1, 1959
Capital stock ($1 par)
Note—On completion of financing n9
G.
T.
Baker,
President,
directors, had declared
stock for each share of
mon
April
on
debt
announced that the board of
17
stock presently outstanding,
common
All
pay¬
April
on
to
29
Bedford
Pulp
&
$4,500,000
330,482 shs.
$4,500,000
750,000 shs.
Steel Co.
"I
other
funded
debt
of
Gross
Income Before
management and its research department have produced
and very valuable products.
and Income
agencies involved.
Our record for the production of materials essen¬
to the prosecution of the war has been one in which the stock¬
holders should feel a
justifiable pride, and you can be sure that
this great record will be continued."
tial
Consolidated Income Account for Calendar Years
1943
sales
Cost
Aviation
National
Dividend
income
Interest
-
1943
$45,499
———..
income
<
___
$39,556
876
■
—
—
Calendar Years—
1942
1943-
Profit
__
Premiums
sales of
from
securities
(net)—45,588
30,580,418
1,185,426
58,622,844
12,521,431
1,720,208
47,265,910
8,496,454
1,740,000
31,765,844
7,360,943
1,753,125
117,587
7,625,000
102^106
107,739
7,000,000
8,375,000
5,431,721
24,750,000
11,450,000
2,045,974
1,550,000
2,075,000
13,702,076
1,663,125
serial notes
on
retired
of bd.
for
disc., etc.
Federal
profits
tax
Post-war
cess
Prov.
90,456
taxes
excess
refund
of
ex¬
profits tax (Cr)
for contingencies
,
—
.' 750,000
2,000,000
11,698,362
11,929,867
17,102,350
6,608,674
6,598,903
7,146,993
5,089,688
5,330,964
2,206,267
and post-war adjusts.
Net
Purpose—Net proceeds are estimated at $4,200,000 (exclusive 0* ac¬
interest), after deducting estimated expenses of $75,000 and
profit
Dividends paid
2,205,667
$5.41
9,955,357
2,205.667
9,560,298
2,204,667
$7.75
$6.83
15,066,341
5,506,042
.
crued
'
Total
$25,438
1,525
$64,801
2,277
$23,913
$62,524
Estimated Federal normal income tax & surtax
Net
income
For
corporate
the
basis
chows
—
the
purposes
their average
of
of securities held is computed on
this basis thq investment portfolio
cost
cost;
certificates;
on
appreciation of $671,570 as at March 31, 1944.
For
the cost of securities,is carried at the cost of identified
the estimated Federal normal income tax and surtax on
unrealized appreciation
this
of
amount,
cecurities
held
the
at
March
.
31,
1944 is
to the general funds of the company.
After deduction
average cost of
based on tax cost is $390,622.
net unrealized appreciation at
Balance
,
underwriting discounts and commissions.
Of such net proceeds, ap¬
proximately $2,844,500 will be applied to the redemption of the com¬
pany's presently outstanding 5debentures, bank loan, notes or
bonds and mortgages and approximately $556,000 will be applied to
the redemption of the presently outstanding first mortgage bonds and
5% note of Bedford Pulp & Paper Co., Inc.
The sum of $246,300 will
be used to reimburse the company and its subsidiaries for cash ex¬
pended to acquire Bedford Pulp & Paper Co., Inc.
The remainder of
the net pi-oceeds, amounting
approximately to $553,200, will be added
unrealized
tax purposes
^
$280,949.
Underwriters—The
Assets—Cash
in hanks and on hand, $962,506; U. S. Government
at cost, $599,765; receivables, $11,430; investments, $5,487,prepaid charges, $1,612; total, $7,062,861.
be purchased by each are as
200,000
—V.
159,
150,000
Johnson,
125,000
Co.,
Starkweather & Co,_
.
E.
Clucas & Co.—;
Hayden, Stone & Co.—
Stifel, Nicolaus & Co., Inc.
Childress & Co
Cohu
A,
938.
p.
W.
&
G.
-Taking securities owned
quotations
on
that
on
Co.—
1944, at their Value based on
after deducting the dividend of
and
tion
March
on
1944,
31,
the
on
appreciation
had
360,000
been
realized
that
on
"regulated investment company."
$23.60 on Dec. 31, 1943.
Was
Marketable
for
company
(
Ended March
Quarters
for
Dividends
Interest
_.
General
1941
$73,555
Total
for
$64,764
6,629
•1,512
•3,587
$66,593
$54,548
632,352
685,430
762,992
$752,023
$817,541
Net income
$125,139
,
$700,129
_
from
income
Surplus
$94,641
$72,898
$66,038
-
—
Deferred
Assets—Cash
$820,580
Reserves
bal.,
$646,129
$763,541
$698,023
Note—Realized net profit from sales of
basis of average costs) carried to profit
$105,977.
$766,580
In
$8,301;
capital stock ($1 par)*
$8,060,547.—V. 159, p. 450.
1
securities
and loss
(computed
on
the
taxes
Serial
Serial
profits,
Price
Weir
emphasized the fact that corporation has not made undue
of
16%
earnings
of
$17,102,350,
volume
of
over
1942.
$157,905,721,
1941
In
sales
of
$200,575,863
Earned
•Less
—
A
countrywide syndicate headed by Van Alstyne, Noel &
Co., on April 19 offered $4,500,000 5% 15-year sinking
fund debentures at 100 and interest from April 1, 1944.
Associated with Van
ing
Alstyne, Noel & Co., in the offer¬
R. S. Dicksoh & Co., Inc.; Butcher & Sherrerd;
Schoellkopf, Hutton & Pomeroy, Inc.; Hill, Richards &
are:
'Co.; Starkweather & Co.; E. W. Clucas & Co.; Hayden,
Stone & Co.; Stifel, Nicolaus &
Co., Inc.; Childress &
Co. and Cohu & Torrey.
Dated
#*1
«r
April
1945,
of
Dec
1944:
due April
1,
1959,
int. payable A-0 at Marine
^LTrus.t; ^°" New York- trustee. Coupon
$1,000
Sinking
year
l,
registerable
fund
ended
Dec.
and on
the
31,
equal
or
as
to
31,
to.
10%
1944,
debentures in denom.
principal only, and $500 (not registerable).
of the consolidated net earnings for the
shall
before June
consolidated
Redeemable
net
at
1
be
of each
earnings
any
set
time
for
in
aside
on
succeeding
the
year
whole
or
or
year
ended
in
before
June
equal to
the
part
on
1
20%'
preceding
30
days'
»otice, at 107 ?/2 % and accrued int. prior to April 1, 1945, the premium
decreasing by i/2% on April 1, 1945, and on each April 1 thereafter.
55,001,800
38,399,057
38,671,790
67,242,587
—
—
—-
9,468,351
55,156,675
surplus
Total
7,500,000
365,464
11,851,048
_
62,388,661
258,132,279 255,069,259
-
r.
of $1,296,094 in 1943 and $964,140 in 1942.
tLess
depreciation, amortization and depletion of $111,130,543
$98,055,465 in 1942.
JLess U. S. Treasury notes (tax
reserves
reserves
for
in
and
1943
series) of $20,000,000.—V, 159, p. 1558.
Period End, February-
Operating revenues
Operating expenses
1944—12 Mos.—1943
$9,837,335
1944—Month—1943
$851,155 $10,599,024
$931,180
5,231,508
4,293,528
971,908
1,198,795
949,678
874,824
Federal taxes
94,322
356,152
108,050
Other
taxes
81,964
81,179
Prop,
ret,
60,800
60,800
730,000
730,000
760
790
9,961
9,447
$215,747
$244,184
$2,705,969
$2,730,741
Amort,
res.
of
477,587
approp.
.
limited-term
investments
revenues
371
Drl8
2,681
1,291
$216,118
$244,166
$2,732,032
Interest,
charges...
90,945
89.603
—
etc.
$2,708,650
1,081,556
$125,173
$154,563
$1,627,094
$1,688,727
499,100
499.100
Net income
1,043,305
159,
applicable
Nehi
to preferred
stocks
1150.
p.
Corp.—Earnings-
calendar Years—
Net
sales
of
of
and
1943
.
depreciation.—
excl.
2,655,337
$8,745,252
2,048,387
—
2,648,507
2,497,691
583,995
667,189
437,418
453,565
administrativet expenses~________
Depreciation
of
1942
$9,657,571
product
sales,
plant and equipment
49,524
46,372
$3,282,789
76,849
$3,032,047
60,662
$3,359,638
$3,092,709
.
per
share.
Weir
stated
that
renegotiation of 1942 business has
not been completed, he does not anticipate any material adjustment.
of the profit reported for that year.
No action has yet been taken
with respect to renegotiation for 1943, he said.
The total of all taxes for 1943, Federal, State and local, amounted
to $32,269,409.
This includes provision for Federal income taxes of
$7,000,000, and Federal excess profits taxes of $20,900,000, to which
there is applicable a postwar refund of excess profits tax amounting
to $1,550,000,. resulting in a net provision of $26,350,000.
Total taxes
are equivalent to $14.63 per share of stock or to $1,521.93 per employee
Mr.
although
.
of the company.
Payrolls amounted to $61,977,015, an increase of $9,233,783 over the
1942
payroll of $52,743,232.
21,203, and the averrge wage
Mr.
when
Weir
called
attention
of
amount
Of
the
The
was
to
number
average
of
employees
$2,923.03.
an
1943
amourited
to
$54,891,362,
an
issue.
Looking ahead to the postwar period, Mr. Weir expressed confidence
that
corporation will be able to meet problems that
time.
"Improvements
better
balanced
certain
Discount
that
in
made
properties
the
in
than
postwar
the
ever
period
last,
few
before,"
we
on
of
sales & other misc.
trade-mark
will
arise at that
have given us
said, "and I am
able to meet the
may
yeai-s
he
be
deductions
256,117
53,393
246,570
6,972
1,996,000
1,806,700
$1,054,128
$1,032,468
litigation_'__:
•Provisions for Fed. & State taxes on incomeNet
income
Preferred
:
dividends
Common
Earnings
per
:
55,380
common
share—
•After deducting post-war
55,380
515,017
dividends
540,767
,
$0;96
.
$0.93
credits of $159,000 in 1943 and $133,300 in
1942.
Note—Provisions have been made
in
the foregoing statement for esti¬
mated
Federal excess profits taxes in the amounts of
$1,333,000 for the years 1943 and 1942, respectively^
Balance
Assets—Cash
for the year 1940
average for each of 21,222 em¬
in¬
Dec.
31,
1942,
after additions to plant
about $7,500,000 and retirement of serial notes in the
$1,500,000
under provisions of
the indenture covering
31,
income
was
comparable, figures
payrolls totalled $40,577,125,
ployees of $1,912.03.
Working capital at Dec.
crease
of
$9,696,138 over
account
Net
Cost
•
per
Other income
produced
share, and in 1940 on a sales
amounted to $15,066,341, or $6.83
$7.75
earnings
or
.
Debentures Offered
345,423
—
,
surplus
General
Administration.
increase
stock
paid from security
$1,080,000), Dr$2,753,531; total, $7,569,003.—V. 159, p. 1288.
He predicted that net earnings would
in 1944 unless there is some adjustment in. selling prices
1941
have remained on the
basis
established by the
1942
and 1943 have been substantially less than the company's net earnings
in pre-war years.
Total sales in '1943 amounted to $256,168,340, an
Liabilities—Payable for securities purchased but not received, $76,514;
payable April 15, 1944, $54,000; reserve for taxes, $20,600;
—
:
•
Capital
1,500,000
50,000,000
due
profits during the war period, pointing. out that net earnings in
dividend
dividends
since
of
Mr.
total,
(360,000 shares, no par), $4,500,000; capital surplus,
$5,025,291; surplus income, $646,129; profit and loss on securities sold
and dividends paid from security profits since March 1, 1931 (net loss
1,500,000
series
-
mortgages—.
money
.■
12,381,450
50,000,000
6,000,000
3%
-
notes
14,282,084
3,782,393
7,900,000
-
.
bonds
Advertising expenses
Selling expenses
which
5,054,044 '
;
(est.)—,
1965,
1,
14,410,712
-
——
notes
payable
(collateral) mtge.
April
Cost
Office
$7,569,003.
National Container Corp.
—
income
on
be still lower
'
owned, at cost, $7,022,483; furniture and fixtures, $1;
$1,673,531;
reason
258,132,279 255,069,259
—
——
liabilities
fFederal
by increases in selling prices.
.
Balance Sheet, March 31, 1944
sold,
to the 1943 report, Ernest T. Weir, Chairman,
that although total sales in 1943. advanced 16% over
highest point in National's history, earnings declined for
that higher costs of production had not been compensated
the
the
securities sold,
on
payable
Accrued
V.
out
to
1942
2,987,383
2,822,705
—
—-—
—-
2,803,306
$9,620;
foreword
the
pointed
4,801,186
9,289,533
8,562,420
157,462,737 163,574,999
LiabilitiesAccounts
Dividends
Assets—Cash in banks, $485,484; receivable for securities sold but not
delivered, $42,466; dividends receivable and interest accrued, $18,569;
securities
etc.,
taxes,
expenses,
National Steel Corp.—Annual Report—
~
31
—
—:
Gross income
54,000
54,000
54,000
54,000
—
__
charges
Total'
25,000
17,167,233
39,147,972
A
-
———
.
;
—
Other income
$14,575; total, $8,060,547.
$1,494,937; surplus, $6,547,690; total,
provision for Federal income tax required.
securities
for
25,000
17,869,853
36,515,159
investment in common stocks—at
banks, $264,226;
in
$
in¬
.
assets
Net oper.
Sheet, March 31, 1944
cost, $7,781,747; dividends receivable,
764,408
sur¬
-
income
March
on
-
Balance
.$56,172
.
6,814
1,155
6,602
2,760
-
-
22,528
ftotes— (1) The unrealized appreciation of investments on March 31,
1944, was $2,432,544 or $125,776 more than on Dec. 31, 1943.
Fed., State &
declared
capital
—
expenses
;
4.454
$67,777
1—,
Other
5,801
•1,336
Taxes
$66,427
7,525
-
Investments
1942
$95,679
16,178
15,902
expenses
1942
20,800,940
Nebraska Power Co.—Earnings—r
1943
$84,700
—;
Liabilities—Due for capital stock repurchased for retirement,
Total
•No
$75,630
taxes
income
plus
1.136
8,523
Surp. inc., bal. Dec. 31
Div.
$65,291
3,823
____
_
other
Net
$60,941
4,037
$77,635
Expenses
Prov.
$71,593
4,080
—
bonds
on
income
of
receivable.—.
accounts
tProperties
.
■
certificates
S.
——
and
Other
31
1944
Total
1942
securities—U.
not
31
29,346,106
debtedness
cash
Earnings/
Income Statement for Quarter Ended March 31
1943
deposit
on
Capital stock (par $25)
Corp.—Quarterly Report-
were
Net asset Value per share
1944
and
Inventories
Purchase
items, all of the net assets of this open-end
represented by common stocks.
National Investors
emphasizes investments in "growtlx companies" and its holdings are
all widely diversified following that policy.
>
Except
date, these taxes would have
a
Investors
Sheet, Dec.
$
hand
on
,
amounted to approximately $184,000, or 51 cents per share.
If it is
hereafter realized, It appears improbable that the corporation
will
become liable for such taxes, since under existing laws it may elect to
become
100,000
& Co
Balance
consolidated,
1943
First
'
•
Consolidated
Assets—
100,000
——
—
Oscar Burnett
125,000
—
&
Space
Lane,
Inc.
corporation reports neL. assets of $10,475,171 at March 31, 1944,,
equivalent to $7 per share of the company's stock. On Dec. 31, 1943,
the asset value of the stock was $6.81 per share while on March 31,
1943, it was $6.21.
amounted to
$8,662,387, equivalent to $24.06
shares of outstanding capital stock.
In
making this computation, no deduction has been made for Federal
income taxes on unrealized appreciation as of March 31, 1944.
If this
share
Co
159, p. 1558.
National
15 cents per share payable on April 15, 1944, the net assets of corpora¬
per
—_
$5.30
_
Note—Equity in net profits of subsidiaries not
taken up, amounted to $39,450 for the year 1943.
Reserves
March 31,
date,
200,000
—
Edwards & Sons
Lester &
—V.
200,000
Torrey—
Courts &
National Bond & Share Corp.—Quarterly Report—
Inarket
225,000
200,000
200,000
—;
com.
stock outstg,
Earnings per share
•Notes
-
__
$4,589; reserve for taxes, $7,021; capital stock
$2,386,373; paid-in surplus, $4,139,369; stock in treasury
<30,800 shares), at cost, Dr$243,127; earned surplus, $768,637; total,
$7,062,861.
Indicated net asset value of $16.42 per share is after provision, of
87
cents per
share for estimated Federal normal income tax and
surtax on unrealized appreciation based on tax cost of secruities held
ait March 31, 1944.
No provision is necessary for excess profits taxes,
$5),
respective
the
follows:
Parrish & Co.—— $125,000
Boenning & Co
100,000
R. H. Johnson & Co.
100,000
O'Melveny-Wagenseller &
Durst, Inc.
100.000
Johnston, Lemon & Co,100,000
Stein Bros. & Boyce__
100,000
Moore, Leonard & Lynch
100,001
Boettcher & Co.—
100,000
Ames, Emerich & Co., Inc.
100,000
Woolfolk, Huggins &
Shober
100,000
Butcher & Sherrerd___—
250,000
Schoellkopf, Hutton &
Pomeroy, Inc.
225,000
Hill, Richards & Co.—-. 225,000
Liabilities—Accruals,
(par
arid
underwriters
Surplus
Shs.
Cash
'
the
of
names
amount of debentures to
Van Alstyne, Noel & Co,_ $500,000
R. S. Dickson & Co., Inc.
450,000
Sheet, March 31, 1944
securities,
£48;
,
520,649
46,152,150
1,113,760
54,254,019
%
1,371,635
20,900,000
Income
57,251,209
1,559,185
charge on the $4,500,000 debentures being of-,
fei'^d hereby is $225,000.
$19,214
$25,438
—
_
2,086,449
3,308,149
i—
interest
annual
Combined
$
52,694,834
Deprec. and depletionInterest charges
Prov,
$3,279,018
2,356,934
3,828,798
1940
$
203,473,506 162,599,967 154,423,713 127,325,303
,,
Prov. for Federal
Sub.
$412,381
270,485
$2,866,637
____
20,820
The
Profit
exps..
Operating profit
Inc., &
Consolidated
—!
1941_:__
$40,034
20,936
—
—
& Paper Co.
& Subs.
477
,
$46,375
Total
Expenses
Container
Corp.—Earnings—*
1944
and
Other income
Amort,
Bedford Pulp
1941
$
256,168,340 219,851,176 200,575,863 157,905,721
of sales
Total
1942
$
Net
Taxes
National
unusual
some
"Throughout all of our operations we have .continued our record of
development of new products required by the armed services of the
Government, and have produced them in volume satisfactory to the
other funded debt
Charges, Miscellaneous Deductions
Interest
He said;
minute of lost
time because
of
strikes or other labor disturbance
while at the same time, and as a
result, many new production records
have been established.
At our Great Lakes plant, in Detroit,
the
subsidiary, will have any funded
Inc., which will continue to
including all
subsidiaries,
Corporation.
great pride in stating that our Weirton operations were
as has been the case for the past ten years, without one
on,
-
chares, par $1.—V. 159, p. 1557.
3 Months Ended March 31—
and the Great Lakes Steel
take
carried
Co,,
Paper
of Bedford Pulp & Paper Co., Inc., will be retired through the use of a
portion of the proceeds fx'om the sale of the debentures.
stockholders of record as of ApYil 28.
This will
increase the outstanding common stock from 270,000 shares to 360,000
able
except
with normal employment."
»
concluding the foreword, Mr. Weir commented on war production
two principal steel producing subsidiaries, the Weirton
National's
Outstanding
have outstanding customers' deposits as security for fulfillment of pur¬
chase contracts due between 1946 and 1949 in the amount of $396,000.
stock dividend of one-third of a share of com¬
a
by
Capitalization Giving Effect to Present Financing
5%
Stock Dividend—
Inc.—33 V3 %
Airlines,
ference
In
15,
.
National
contingencies which will undoubtedly arise.
It Is my belief that,
granting a fair demand for our products, we will be able to convert
from war production to peacetime operations without undue inter¬
debentures.
Business—Corporation is engaged in the manufacture and sale of
pulp, kraft papex-board, corrugated and solid fibre shipping
It is one of the few companies in the industry performing
a completely integrated process of "manufacture from the forest to the
finished container.
Kraft pulp and
kraft paperboard are produced
in the mill at Jacksonville, Fla., and the paperboard converted into
corrugated and solid fibre containers at plants located in Jacksonville,
Fla.; Long Island City, New York; Oakland, Calif, and Bradford, Fa.
Company, through a wholly owned subsidiary, purchased on, March
4, 1944, as of March 1, 1944, the entire outstanding stock of Bedford
Pulp & Paper Co., Inc., of Big Island, Va„ manufacturer of nine-point
paperboard which is used as the corrugating medium in the manufac¬
ture of shipping containers.
Through this acquisition; the company
increased its potential
production of paperboard by approxhnately
50 %
and thereby made available substantial additional: tonnage of
paperboard for its various converting plants.
remuneration
as
not exceeding 6%, and Mary¬
exceeding 5%, on int. on debentures
taxes
income
taxes not
kraft
♦Exclusive of profit or loss on sales of securities.
The
Mass,
income
containers.
$3,048
•Balance of net income available for distribution—
Calif,
property taxes not exceeding
mills per annum 011 each dollar of taxable value or principal amount
5
$6,318
3,130
140
,
!
_
and
of Penn. and North Carolina personal
and
Income, Three Months Ended March 31, 1911
income
Expenses
the
land
1944, "was
of
Statement of
Dividend
aside
setting
Reimbursement of
Report—
The asset value of the shares of the Fund as of March 31,
Monday, April 24, 1944
.ernment
able
on
hand
obligations
(at
and
Sheet,
Dec.
demand
cost),
31,
$1,590,000
1948
j
deposits, $1,588,740; IT. S.
$1,290,000;
notes
and
(less allowance for doubtful notes and accounts of
and
accounts
Gov*
receiv¬
$37,889), $396,-
881; inventories, $1,237,735; prepaid insurance and taxes, $30,375; adver¬
tising material, $210,253; post-war Federal excess profits tax.credit,
$292,300; fixed assets
(less allowance for depreciation of $309,584).,
$511,236; cash on deposit for redemption of.comnanv's preferred stock,
$2,322;
goodwill,
trade-marks
and
formulae,
$2,039,649;
total,
$7,-
599,490.
Liabilities—Accounts
payable, $215,776;- accrued taxes, advertising,
commissions, etc., $432,406; provision for Federal and State taxes on
income,
$2,269,317;
$5.25
cumulative "first preferred stock
(10,600
shares
no
par), $834,750; common stock (1,030,000 no par shares), $1,"
I
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
Volume 159
030,000; capital surplus, $1,312,250; earned surplus, $1,507,657; treasury
(,31 shares first preferred), Dr$2,666; total, $7,599,490.-—'V. 159;
stock
the
Association—Output—
output
ft.
cu.
657,000 cu. ft., or 0.50%
the
in
the April 14 week is reported
for
decrease of
a
corresponding week
week' ended April 7
For the
12,222,947 kwh.
This is
below production of
year
,a
year ago.
a
at 130,759,000
the Association reports electric output of
of 531,160 kwh., or 4.54% above
ago.
Gas output for the April 7 week is reported at 137,379,000 cubic
decrease of 2,633,000 cubic feet, or 1.88% below production of
feet,
140,-
a
a
ago.
1450.
'
..
for
the
week
reports number
kwh.
of
available
ended
April 15, 1944, as 61,561,320, compared with 59,for the week ended April 17, 1943, an increase of 2.63%,
Comparable figure for the week ended April 8, 1944, was 61,786,524,
an increase of 2.11%
over the corresponding week last year,—V. 159,
985,336
of
the
and
issue
to
Securities
and
sell $9,000,000
Exchange
first
A hearing on the proposed
financing
May 1, next.—V, 138, p. 2050.
The
proximately 60%
the
Dec.
of
in
companies
1943
of whose common stock was sold to
the combined gross operating revenues
1943,
the New
amounted
increase
in
to
Public Service
England
$30,605,367,
current
expenses,
Co.
public
the
for
group
on
utility
the
year
the highest in its history.
The net
interest and other charges against in¬
come, other than Federal taxes on income amounted to $179,012.
•Federal taxes on income, including
the non-recurring item
The
arising
from
of
refunding operations and charged against income
amortization
debt
of
discount
and
in
expense
acceleration
as
lieu of Federal taxes
on
income, was $998,633 more than for the previous year.
Net earn¬
ings of the utility group after all expenses and charges, for preferred
was
$98,021 less than for the year 1942.
dividends
The
combined
amounted
to
hour
output
for
an
kilowatt
Increase
of
1,614,507,443,
New
this
of
group
17,010,086,
or
companies
1.06% over
of
stronger
utility
President of the
the
than
it
utility
has
been
for
has
been
placed
companies
irates.
coupon
.respective
The
current
companies
have
at
many
cash
said
company
companies
the
on
of
All
years.
"The
1943
bonded
long term
a
and
that
close
the
of
3 Va-314%
at
to
up
basis
a
in
before
Balance
in accounts if collections slow down
amounted
amount
in contrast with
the
Net
Service
to
for
years.
mately $50,000,000 has
the
been
expended
for
plant,
issue
to
values,
Gross
banks
in
Total
located
in
New
securities
the
of
Co.
its
system's
interest
mutual
in
Swans
service
com¬
panies.
159,
Central
Vermont
properties
of
Public
Twin
Service
State
31,
Dec.
hand,
on
by
then
Corp.
acquired the re¬
former company
The
merger.
1943
sold
also
was
of
$500,000
changed
to
314%
bonds.
authorized
an
outstanding.
are
The
issue
194,295 shares
of
were
.group at $14.92 per share, 2,954 shares were
land Public Service Co. at the public offering
New
England
represented
and
New
Co.
Service
of
Co.
also
original equity in
Vermont
England
securities
trial
Public
its
Central
Public
common
price of $16
received
125,751
share.
per
shares
The Twin State Gas &
Service
stock
capital
500,000 shares of which
sold to an underwriting
purchased by New Eng¬
which
Electric
Co.
Corp.
Public
New
Service Co., indirectly, through its holdings of
England Industries, Inc., controls a group of indus¬
consisting of five textile mills, Maine Seaboard Paper
and Keyes Fibre Co., all located in Maine in the
territory served
by Central Maine Power Co.
'■
The
net
interest
with
"In
earnings of
$2,071,933
for
the
instances
both
before
939.
RR.—Earnings—
1942
reduced
completed late
adjustments downward
actively undertaken.
in
by
Skelton
Mr.
year.
§aid
1943
$5,613,872
6,783,905
5,006,368
2,764,840
$7,737,327
operation
$6,845,029
4,924,725
4,411,414
rents
1,103,136
1,019,650
$2,849,032
1,020,834
401,399
___
$1,709,465
$1,413,966
30,405
130,1*41,300,
1943
dollars
Production
a
the
earnings
are
which
have
renegotiations
in
$35,304,000,
were
Total
yards,
including
decrease of approximately
14%.
not
—
facility
operating
income-.
56,255
__
—
income—$1,765,720
gross
!
rentals
and
318,795
charges——
over
—
$1,446,927
General Balance Sheet, Dec,
$1,454,055
345,956
$1,444,372
333,923
$1,110,448
$1,108,099
The mills
to $6,829,994 at the close of the year in contrast with $4,944,637 at the beginning."
creased
of
Seaboard
$92,201
ments
in
in
the
on
and
The
due
from
Miscellaneous
supplies
——
I
assets
1,359,287
430,780
26,798
1,793
___,
—_
-
33,896
768,405
—
debits
165,667
59v951
assets
Unadjusted
150,331
543,626
—_____
receivable-
dividends
current
Deferred
receivable
accounts
and
Interest and
conductors-
agents and
1,686,806
2,507,901
19,348
1,795,101
—
2,067,563
4,500,000
166,118
„
Temporary cash investments—'
deposits
1942
$19,993,489
341,760
955,307
711,697
all
1943
fiscal
"The effect of the war
factor has been the
major
reported
year
the
economy
price
system
a
loss
is definitely
ceilings
un¬
established
of
tonnage decrease compared with
changes
to
the
in
weights
allocation
and
and
types
as
the balance
to
use
t>f
1942
papers
is not significant
to comply with
$1,900,000."
reported the largest volume of sales in
Fibre Co.
stock
$6,000,000
Long-term debt
Traffic
and
Audited
;
accounts
Miscellaneous
Interest
and
matured
tax
Accrued
Other
history.
$995,57^ before Federal income and excess profits taxes and
of $127,000 to a. General Contingent reserve were
highest for the past several years which, the report states, have
shown a steady growth in business and earnings since the
company
was
reorganized in 1935.
The net after all taxes and charges was
an
appropriation
construction
&
Deferred
—
!
liabilities
—
;
and
4,230
161,888
26,824
3,780
161,887
17,161
aid
of
4,327,823
99,136
29,657
8,408
."_
2,690,836
2,198,801
882,587
142,920
6,703,191
664,693
construction
shares)
424,900
par,
—
$31,110,272 $27,383,408
—
159, p. 1388.
to
.
1943
directors have declared
were
27,
follows:
as
$2.45.—V.
9,954,757
900,000
York
May
158,
&
dividend
of 50
cents per share
p,
1,852,822
income
Interest
1,628,247
1,566,168
$1,460,835
$801,818
27,075
33,965
41,491
$1,494,800
$843,309
979,370
979,370
979.370
126,301
127,162
199,701
—
long-term debt
on
Intererest
advances
on
from
associ¬
companies
Other
.
interest, amortization of debt
discount
and
cellaneous
of
mis¬
income
48,486
Income
for
35,023
35,085
250,000
250,000
200,000
$418,431
net
quisition' of bonds
Net
and
expense
deductions
Reservation
$103,245
*$570,847
ac¬
or of new prop.
^
♦Loss.
-
Balance
Sheet, Dec, 31
Assets-
1943
Utility
plant
Capital stock expense
Other physical property
in
of
Sales
the
on
1,
Aug. 2 and Nov.
1, 50 cents each,
568,383
associated
Co.—
funded
16,200
1943
1942
1941
1
1940
Prepaid
insurance
Deferred
rent
and
16,094,065
16,564,076
16,490,029
15,844,740
2,550,000
2,650,000
2,650,000
2,300,000
6,838,788
Operating income
6,286,511
5,368,179
Net
$3,747,456
$4,617,718
$5,098,989
5,894
income
5,793
4,882
$66,252,501 $65,125,527
____
bonds
mortgage
Advances
Accounts
associated
from
payable
and
associated
to
Customers'
$27,982,000 $27,982,000
companies
sundry accruals
companies
6,900,000
—
dividends
dividends
923,421
________
accrued
accrued
i
_
advances
depreciation of utility plant
construction
for
Injuries and damages reserve
Employee provident reserve—
bonds
or
of
Contributions
A
$6 dividend
new
aid
in
series
_
240,143
213.538
res-
377,370
of
50,000
____:
(no par, 58.070
33,078
5,569,280
13,320,000
3,943,800
5,569,280
13,320,000
1,250,000
1,000,000
90,657
shares)
shares)
:
,
Total
$66,252,501 $65,125,527
159,
1043.
p.
Newport News Shipbuilding & Dry Dock
directors
The
the
on
May
stock,
$1,
par
a
Co.—Biv^—
dividend of 50 cents per share
payable
1
June
to
holders
of
A like amount was disbursed on this issue on March
March
on
1,
directors
The
April 19 declared
on
common
15.
and
50,000
33,078
39,*38
3,943,800
421,629
(no par,
stock (no par, 360,000 shares)
Appropriated surplus invested in new property
surplus
293,510
'
Common
Earned
175,595
175,595
,
acquisition
construction
of
dividend)
($7
93,007
3,329,245
T__
__
income
for
property
net
493,974
93,467
3,368,162
stock retirement & betterments
Appropriated
Series
_
24.402
102,603
499,465
,___
Customers'
Preferred
87,417
423,881
157,377
38,256
deposits
Reserve for
-V.
7,400,000
1,408,998
;
June 1, Sept. 1, Dec. 1
also declared the usual
and Dec. 22,
quarterly
record
1, last,
1943.
dividend
of
$1.25
share on the $5 cumulative convertible preferred stock, no par
payable Aug. 1 to holders of record July 15.
A similar dis¬
tribution, previously declared, is payable on the preferred stock on
per
value,
to holders of record April 15.—-V.
May 1
Hudson
159, p.
1150.
Corp.—To
Power
Move
Executive
Headquarters On Sept. 1—
executive staff of the Niagara Hudson System
N. Y„ the geographical center of the sys¬
announced following a meeting of directors
April 13 at the present headquarters in New York City.
The move
moved
be
will
be
will
continue
made
the
of
to
operations,
Syracuse,
it
about
was
Sept.
1.
A
be maintained
to
in
corporate and stock transfer office
New York City, at the present ad¬
dress, 15 Broad St.—V. 159, p. 1558.
Northern Indiana Public Service Co.—Earnings—
Operating
Feb. 29, '44 Feb 28, *43
revenues
:
-
—
$5,214,481
2,547,303
—
Depreciation
for
leased
Federal income
161,763
322,666
70,334
and excess profits taxes
70,999
359,623
713,147
plants
(other than Federal income)—;
Taxes
$4,973,200
2,319,240
156,152
327,112
•
355,364
148,476
221,967
Utility
-
operating
income
$892,334.
447,500
$1,073,701
4,297
793
$896,631
Other income
income
$l,0t4,494
Income
322,728
384,066
$573,903
deductions
$690,428
1,556
$3,912,265
long-term debt-
income
925,848
4,775,222
$3,906,371
(net)
interest
Common
56,150
969,459
Liabilities—
income
Net
Preferred
505,886
1,688,017
73,450
—
debits
Total
Gross
on
1,868,520
502,097
$29,389,224 $29,248,043 $29,125,926 $28,018,951
revs
♦Taxes
Gross,
582,476
2,203,940
1,795,917
__
Charges in lieu of such taxes
tOther
129,628
accounts
and notes receivable
Accounts
Rent
electricity— $28,860,029 $28,811,079 $28,679,712 $27,542,901
revenues—
529,195
436,964
446,214
476.050
revs,
16,200
129,283
v.
——
and
Maintenance
Operating expenses
Depreciation
Non-oper
1,113,872
com¬
556,712
Operation
revenues—
oper.
568,383
1,113,872
_______
capital stock of
Materials and supplies-,——
Other current assets
and
oper.
Total
1942
$58,323,188 $57,670,547
Cash
2472.
Queens Electric Light & Power
Calendar Years—
Other
6,669,266
800,000
$1,822,588
oil
a
EarningsOperating
$9,837,252
7,163,827
800,000
$1,795,513
2 Months Ended—
New
1941
1942
$14,503,092 $11,052,909
—
Headquarters
stock, no par value, and the usual quarterly dividend of 1%%
7% cumul. preferred stock, par $100, both payable May 1
holders of record April 20.„ Payments last year on the common
Dec.
21,245,022
25,594,133
25^,519,094
158, p. 1736.
tem's
the
stock
77,776
2,091,500
21,245,022
—
,___
—
will
The
664 693
77,776
2,091,500
5,992,179
loss—balance
New Process Co.—50-Cent Common- Dividend—
on
573,279
.$100,375,993 $99,758,525
Niagara
Total
—V.
8,622,544
618,902
;
(no
17,050
10,554,818
stock
surplus
Taxes
26,823
for additions to property
credits
appropriations
Profit
——
——
liabilities
Unadjusted
Special
—
1_
251,076
53,216
;•
unpaid
liability
current
217,732
other
New York Steam Corp.—Annual Report—
524,388
418,841
5,162,610
payable—
unpaid—
Interest payable Jan.
Int.
its
for
Years Ended Dec, 31—
451,185
809,189
payable
wages
accounts
$6,000,000
: 7,195,000
972,205
balances—Cr__
service
car
7,195,000
—
$3,753,249
$4,622,600
$5,100,545
1,200,000
75,658
1,200,000
114,357
1,200.000
1,200,000
102,282
12p,712
$2,636,607
$2,438,892
$3,320,318
$3,779,833
Profits of
the
advances
credits
Operating revenues
Operating expenses
Depreciation
$31,110,272 $27,383,408
of
pulp.
Capital expenditures
were low
of necessity, current working capital increased during the
year to approximately $1,500,000 and $200,000 was paid off on the
long term, bank credit, which on July 1, 1939, amounted to $3,500,000.
An additional $100,000 has been paid off in March,
1944, reducing
Keyes
Common
471,267
2,643,172
217,521
Liabilities-
invest¬
Mr. Skelton stated
pulp while no simultaneous move was made to control
rising cost of pulpwood now constituting approximately
production costs.
The mill has been operated at capacity
the small
because
directives
;
Total
and
sharply
of
its
with earnings applicable to
for 1942 and $507,894 for 1941.
that
report
paper
the
46%
for
contrast
of $169,828
favorable.
Paper Co.
—V.
257.074
283,283
478,513
3,130,803
common
operated at the maximum capacity possible, have been well
maintained and have materially strengthened their financial condition.
All bank loans have been paid off and net working capital was in¬
281,837
478,353
companies
deposits
stock
Interest
1943
—
-
——
Special
31
$20,208,053
•
Investments
to
bedspreads,
2,000,000
_____
Total
Taxes
been
decrease
have been
Maine
associated
preferred
Payables
that
subject
a
$100,375,993 $99,758,525
accrued
Common
$1,426,799
27,256
-
income
Interest
The $2,071,933 for the year 1942
to $1,922,883 through renego¬
and
through
5%
First
$149,050
Net sales in
approximately t6Vz %.
amounted to
fiscal
measured in advance.
subsequently
tiations
of
previous
stated earnings for the respective years are
proceedings, the final results of which cannot'
90,063
236,219
$35,000,000 $35,000,000
pany, at cost
Other investments
1941
$14,521,232 $11,851,397
the
renegotiation
be accurately
Was
the textile group after all charges other than
intercompany indebtedness were $1,668,345 in contrast
the
on
84,470
289^069
depreciation of utility plant
Injuries and damage reserve
Employees' provident reserve—
ated
1943
joint
Dividends matured
companies,
242,412
-,
,___
accrued
Other
accrued
$11,028;
revenues
___
Railway
England Public Service Co., two lots of deben¬
tures of the system's mutual service companies.
To finance the mer¬
ger, pay off its own bank loan and purchase the debentures, Central
Vermont
21,883
1,593,347
$102,592;
also purchased from New
323,000
to
deferred
$42,201,222.
payable,
p.
from
revenue
Other
The
maining
Sheet,
and
operating expenses
Net
Material
Co.
certain
and
rents, etc.
12
567,527
total,
$161,856;
operating
Service
Electric
Co.
2,752,001
669,237
Calendar Years—
Balances
&
'
269^498
from associated companies
payable and sundry accruals
Investment
properties of Twin State
Hampshire and<. Maine, and also
Falls
$4,322,309
2,240,097
$4,819,953; capital surplus, $1,039,186; earned surplus, $4,762,208; total,
of
Gas
$3,569,136
—
Cash
the
'
1,238,567
—
Interest
2,032,850
Public
England
New
-
$42,201,222.—V.
Another major accomplishment was the dissolution on Dec.
28, 1943,
of Twin State Gas & Electric Co., accompanied by the
regrouping of
certain of the less important utility assets.
The Public Service Co.
for"" cash
2,637,612
companies-
debt
Customers'
New
—
Assets—
purchased from New England Public
106,585
taxes other than
Federal taxes on income, $1,526; provision for Federal taxes on in¬
come, $40,191; other accrued liabilities, $19,132; dividends unclaimed—
contra, $15,639; $7 dividend series prior lien preferred stock (120,000
shares
no
par), $11,600,000; $6 dividend series prior lien preferred
stock (60,000 shares no par), $5,205,000; $7 dividend series preferred
stock (48,245 shares no par), $4,478,375; $6 dividend series preferred
stock (107,250 shares no par), $9,947,000; adjustment series preferred
stock (359 shares no par), $26,925; $6 .convertible preferred cumula¬
tive stock (2,555 shares no par), $235,060; common stock
($5 par),
loans,
purchased
13,300
1.657,116
debits
Long-term
$2,289,459
1,370,315
to
applic.
Co.
Liabilities—Accounts
Hampshre refunded its
four series of outstanding bonds aggregating $18,929,000 and
$1,000,000
Hampshire
113,987
$2,198,821
accounts receivable,
$1,268; dividends receivable, $600; cash deposited with fiscal agents—•
contra, $15,639; investments, $41,914,1261 other assets, $718; prepay¬
ments and deferred
charges, $4,423; reacquired securities at par or
Income
New
associated
Total
$2,396,044
mostly for additional
by the sale of $20,500,000 3y4% series A bonds matur¬
1973, issued under a new mortgage.
Deferred
Earned
$2,312,808
Co. investments
dividends
of bank
••
subs,
dividends
generating capacity and transmission lines.
In April,
1943, Public Service Co. of New
ing Jan. 1,
665
utility
companies during 1943
the report stated that this was the smallest
For the 10-year period 1934-1943 approxi¬
$1,710,200;
many
for
58,150
63,100
2,198,263
Operating income
Other
expenditures
9,600
T—
:
-
applic.
earns,
Preferred
present
conditions."
Construction
,
2,400
948
other deductions,—
&
industrial
of
earns,
Taxes
crease
$2,385,779
—
deductions——,
other
and
Equipment and
nance
$2,296,414
investments
earnings'
again
anticipation of demands for cash when it
to
restock
inventories,
undertake
mainte¬
and construction deferred by priorities and to allow for an in¬
from
Customers'
income—
exps.
England Public Service
im¬
requirements in
becomes
possible
,1
and supplies
deposits and funds
Special
25,938
the
of
excess
213,829
58,150
Materials
Contributions in
dividends
and
property
miscellaneous
Other
mediate
favorable
$2,359,841
much
working capital positions of
been built
$2,271,496
13,046
w
interest
income from
Net
financial
was
debt
basis
1,239
•
24,918
New Orleans & Northeastern
year 1942.
W. B. Skelton,
213^829
receivable
Payables
1,541
England Public Service Co.—
Miscellaneous
the
condition
103,374
Corp.^
—
above—.
Balance
report for 1943 states that including for comparative
the. operations of Central Vermont Public Service Corp., ap¬
Accounts
Advances
has been set by the SEC for
annual
28,
Co
—
—
Assets—Cash
purposes,
_——
Public Service
Power
deducted
Co.,
Common
New England Public Service Co.—Annual Report—
assoc.
Reserve for
due
preferred stock.
$6
of
2,900.192
Accounts
Maine
Service
1974,
($100 par)
70,364
™
comoany
,i
stock
investments
Taxes
,
33,060 outstanding shares of
$2,361,080
capital
Cash
21,748
$2,376,411
in
200,000
by public:
Net
and 30,000 shares $100 par) 'cumulative preferred stock.
Proceeds of the issue would be used to redeem at 105 the outstand¬
ing $9,000,000 4 % % first mortgage bonds, due 1960, and at 110 the
equity
Applicable to New Eng. Pub. Serv. Co
Income paid or accrued to New England Public
Commission
mortgage bonds,
for
Vermont
Net
asked
has
company
permission
$2,582,828
200,000
260,981
stocks
earnings applicable to equity stocks
earned
Expenses
The
$2,837,392
Central
New Jersey Power & Light Co.—New Financing—
for
2,763,059
amortization of intangibles.
for
Total
territory
$5,345,887
2,410,474
holdings—
of invest, in Portland RR. bds.
Central
'
for its
2,838,775
70,364
physical property
Other
1942
$92,990,479 $92,924,230
Liabilities—
New England Power Association—Output Up 2.63%—
Association
2i,3*1,081
3,837,408
—
Provision
held
..
2i,i>20,uy3
public
requirements,
for amort,
Amount
output for March, 1944, is reported as 650,966,000 cubic feet, an
increase of 28,668,000 cubic feet, or 4.61%
above production of 622,298,000 cubic feet in the corresponding month a year ago.—V. 159,
1943
Investment
$30,605,367 $29,525,743
_—
Sheet, Dec. 31
expense
Prepaid insurance,
31, 1944, the Association reports electric
56,067,497 kwh.
This is an increase of 2,652,879 kwh., or
above production of 53,414,618 kwh, for the corresponding month
The
Other
1942
$5,247,866
div.
Balance
March
Gas
p.
Years
1943
earnings
Prov.
of
year
Calendar
Balance
Assets—
Utility plant
Capital stock
Receivables
Net
Balance
March Electric and Gas Output Higher—
4.97%
for
'
operating revenues
Preferred
feet in the corresponding week a year ago,
For the month ended
output
Subs.'—
Expenses, interest and charges
Federal taxes on income
.
year
012,000 cubic
Gross
131,416,000
increase
an
ft.,
cu.
ago.
production of 11.691,787 kwh. for the corresponding week
.a
Account
Income
Utility
Operations of
April 14, the Association reports electric ouput
This is an.increase of 610,288 kwh. or 5.22% above
production of 11,700,039 kwh. for the corresponding week
Gas
with
ended
week
12,310,327 kwh.
,
earnings for the past five years and, the report
striking example of the tax impact on relatively small
comparatively limited invested capital.
a
Consolidated
New England Gas & Electric
For
of
is
companies
739.
p.
the lowest
$203,467,
states
1695
104,575
2,974,300
104,575
104,575
3,409,784
3,410,352
'
♦Including provision for Federal income tax.
to
reflect
of
the
1943
figures previously
such portion
reported have been
of adjustments made in 1943, as is
plicable to the two months ended Feb. 28,
re¬
ap¬
1943.-
Merger Approved—
104.582
2,976,640
Note—Certain
stated
At
of
a
special meeting -of the stockholders, held on April 17, the merger
Hydro-Electric Power Co. into Northern Indiana Public
the Indiana
Service Co.
was
approved.
An official announcement
Power Co. have been oper¬
under a lease since Jan. 1.
hydro-electric plants, located
'
1931.
These
consist
properties
of
two
Monticello, Ind., having a combined iated generating capacity of
kilowatts, together with' sub-station facilities and tie-in trans¬
Inasmuch as Northern Indiana has operated the Indiana
near
17,720
further simplifies and inte¬
grates the utility properties in northern Indiana.
The merger has been
approved by the Indiana P. S. Commission.
By terms of the merger each share of preferred stock of Indiana
Hydro will be converted into two-thirds of a share of 5% cumulative
preferred stock of Northern Indiana having a par value of $100 per
share.
In addition, Northern Indiana will pay $26,02 to the holders
of the preferred stock of Hydro for each share so converted.
Northern
Indiana will pay $17,500 to the holders of the common stock of Hydro
for
properties under
cancellation.—V,
it3
the
lease,
159,
mon
ters.—V.
159,
In
(Del.)—Weekly Output—
Northwest Airlines Inc.—Stock
Sold—It
was
announced
April 17 that the unsubscribed portion of 117,460 shares
of common stock (no par) has been sold by a banking
headed by Auchincloss, Parker & Redpath. Stock¬
holders of record March 25 were given the rights to
group
subscribe
of
the
to
at
shares
$16
share in the ratio
held. Rights ex¬
per
shaFe for each two shares
new
one
with Auchincloss, Parker &
pired April 6. 'Associated
J. M. Dain &
Redpath were Alfred L. Baker & Co.;
&
Co.; Paul H. Davis & Co.; Ferris & Hardgrove; Hornblower & Weeks; Kebbon, McCormick & Co.; Kidder,
Fenner & Beane;
Paine, Webber, Jackson & Curtis; Piper, Jaffray & Hopwood, and Shields & Co. The stockholders subscribed for
113,181 of the shares, leaving 4,279 to be distributed.by
Peabody & Co.; Merrill Lynch, Pierce,
159,
the underwriters.—V.
1388.
p.
from the remarks of James B.
Operating
revenues
$498,893
$524,781
—
$5,512,003
$5,166,734
2,835,847
256,339
2,956,258
87,266
62,264
662,417
363,156
Other
taxes
47,638
51,110
534,728
555,079
Prop.
ret.
25,000
25,000
300,000
300,000
Operating
Federal
expenses
taxes
Amort,
252.457
—
1'.
:
approp.
limited-term
res.
of
,
23
18
$112,420
$104,180
$1,058,577
$1,112,634
863
200
8,199
3,857
$113,283
$104,380
$1,066,776
$1,116,491
32,745
35,293
421,891
431,825
$80,538
$69,087
$644,885
$684,665
334,242
334,223
investments
Net
revenues—
oper.
(net)
Other income
income
Gross
Interest,
charges-
etc.,
Net income
Dividends
—V.
—
applicable
159,
stocks:
preferred
to
by
of 1942.
less than that
was
The
by purchase
available
ecution
provide plant facilities at Portland at a cost of approximately $700,000.
Northwestern will operate these facilities, title remaining in Defense
Plant Corporation,
'
'
.
.
recent
Boulder
Period Ended
Operating
Uncollectible
■
$203,628
$182,468
112
247
223
$100,559
56,064
$88,022
$202(381
$182,245
51,084
110,870
102,926
35,181
15,586
61,437
$9,214
$21,352
$30,074
$47,817
3,526
—
expenses
15,340
18,817
35,976
Operating taxes
Net
income
oper.
income-
Net
-V.
-
Oil
Ohio
dividends—'
and
Interest
Profit
of
disposal
on
Miscellaneous
—
265,711
575,514
income-
other
Cost
income
of
sales
Normal
775,376
Other
tax
expenses)
and
Other
3,446,687
depreciation—.
.
dividends
85,559
4,922,531
,
dividends
.
Earnings per common
deducting
Sheet,
Balance
Dec.
„
notes
Treasury
and
—
'
'■
."
operating
Maint.,
Federal
taxes
Provision
for
and
Deferred
plant,
charges
accounts
and
equipment
Federal
taxes
Funded
interest
Net
for
Dividends
of
on
Dividends,
Balance
demand
Deferred
6%
stock
Common
Capital
$3,190,051
shares,
no
"surplus
Total
t4,267,397
12,500,000
172,410
5,704,600
59,235,791
par),
59,235,791
5,657,823
25,357,437
$119,001,027 $117,006,945
♦After deducting reserves for depletion and depreciation of $186,371,354 in 1943 and $179,167,070 in 1942.
tAfter deducting U. S. Treasury
p.
2193.
directors have declared
•
stock,
dividend of
15
cents per share
•• -
60,649,847
17,976,678 *
78,626,525
48,155,089
332,566
3,728,739'
14,696.
$17,498,327 $14,765 111
276,870
254,117
on
3,100,000
5,500,000
—
3,600,000
;
3,600,000
1,400,000
and surtax,—.
income—
of excess profits
1,550,000
Cr350,000'
Cr600,000
taxes
500,000
500,000
$7,375,197
Empire,——
$6,319,228
300,000
;
1942
of
provided
reserve
for profits
in
1940,
not transferred to
850,000
profit
$8,225,197
6,365,806
$1.68
—
paid
—
$438,060 for 1942.
and
31, 1943
(
and accrued expenses, $2,701,673; U. S%
estimated, $10,819,561; dividend payable
Jan. 31,
1944, $1,469,032; reserve "for possible decline in inventory 1
values, $1,000,000; capital stock (4,896,780 shares, no par), $24,524,250; ;
capital surplus, $260,550; earned surplus, $16,666,281; total, $57,441,347.
14,851,079
22,347,004'
Sheet, Dec.
$4,287,543; U. S. Government securities, $12,160,378;municipal
bonds,
$376,683;
foreign government and miscellaneous
securities. $689,239; trade accounts receivable (less reserve of $143,437),.
$6,592,544; recoverable excise taxes, $566,689; Inventories, $12,692,895;;
post-war refunds of excess profits taxes, $950,000; miscellaneous ac-.
counts (less reserve of $20,207), $92,442; property, plant and equip¬
ment (less' reserves lor
depreciation of $7,841,084); $8,143,989; ma¬
chinery patent rights, $142,825; formulae, processes and'copyrights,
$10,500,000; deferred charges, $246,120; total, $57,441,347.
:
Assets—Cash,
Liabilities—Accounts payable
10,810,407
.
capital
on
stocks
held
by
159, p.
taxes on income,
1,260
1,620
12,522,548
1,413,376
1,343,916
$2.23
approval of the sale of
plans to use with funds,
4% bonds which remain ,
outstanding from a $50,000,000 issue of Aug. 1, 1935.
Approval, the company said, would enable it to liquidate its debt
with a final payment of $8,300,000 in 1963, whereas otherwise $36,- .
500,000 of the issue would remain-outstanding at maturity in 1963.
_
The entire $35,000,000 of notes has been sold directly to two insur-.
ance companies and five
banks.—V. 158, p. 2051.
— *
• *
The road
8,399,508
12,522,548
!
stock—.
:
$2.21
—
share——
common
"
8,409,820
on
April 14 applied to the ICC for
$3.5,000,000 of notes, the proceeds of which It
its treasury in redeeming $46,000,000 of
from
equipment, $817,089,630; investments,
deposits, $793,260;. cash on hand,
and
112.
Pennnsylvania Co.—Seeks Approval of Notes—
.*
preferred stock of company
common
48,487,655
11,368,984
foreign
22,267,592
:
Pennsylvania-Central Airlines Corp.—Common
and time deposits, $15,477,703; temporary cash In¬
S.
Government
securities),
$4,610,250; miscellaneous
deposits
(U.
Rhoades & Co. and White, Weld & Co. are joint man¬
underwriting group in respect to a maximum of 104.17'6 .
stock
(par $1), currentlly reserved for issuance,
upon
the exercise of conversion privileges by holders of the $1.25 ;
cumulative convertible preferred stock of the company.
Preferred share holders have until May 5 to exercise their privileges..
Carl M. Loeb,
agers
$606,153; reserve for doubtful notes
materials and supplies (for operations
$5,666,596;
deferred charges, $15,374,007; total,
and
construction),
(others),
preferred stock, $144,270,625; common stock (par
of premiums received over discount and ex¬
$288,650; minority interest in common capital
stock and surplus of subsidiary companies, $16,627; funded debt, $303,747,000; matured funded debt unpaid, $53,400; accounts, payable, $4,328.149; drafts outstanding, $592,196; customers' meter and line de¬
posits, $2,428,103; dividends payable, $3,130,753; bond interest due,
$181,798;'accrued bond interest, $1,068,535; accrued taxes for current
and prior years, $27,149,595; reserve for depreciation and amortization,
$165,745,031; reserve for pensions, $6,553,247; reserve for insurance,
casualties, etc., $1,362,368; reserve for amortization of investment in
Standard Pacific Gas Line, Inc., $2,229,389; earned surplus, $55,087,-
$25),
$156,533,925;
capital surplus, $606,401; total,
$875,373,693.—V. 159, p. 452.
-
-
Pacific Mills—Earnings—
$4,126,029
preferred stock, of which 52,088 shares were outstanding at the .
of business March 27, 1944, is presently convertible into comstock of the corporation at the rate of two shares of common J
stock for
one
share of preferred.
The corporation has called for
close
300,000
at
of
shares
common
pet
the
the
time
corporation at $13.50 per share whatever amount of common
after the conversion privilege of the preferred stock
from the
stock
remains
has expired.
Associated
•
$0.88
share—
;
*
& Co. and White, Weld &
Parker & Redpath; O'Brian,
Mitchell & Co.;; Kay, Richards & Co.; Kebbon, McCormick & Co.;
Stroud & Co., Inc., and Mackubin, Legg & Co.
,
Upon completion of the recapitalization, corporation will have outstanding 474,460 shares of common stock.•
Co.
396,123
$1.14
profit
Number
on May 15, all of its outstanding shares of preferred stock
redemption price of $27 per share plus accrued dividends at,
of redemption.
The underwriters have agreed to purchase '
redemption
$350,465
596,123
Reserve for contingencies
2,662,636
$450,206
for contingencies—
.
mon
with
Cohu
are
&
Carl
M.
Torrey;
$3,313,101
375,000
and res.
taxes
common
Apr. 3, '43
2,300,823
tax
before
Apr. 1,'44
'
Quarter Ended—
of
The
excess
capital stock,
on
of an
shares
Dr$l,381,901;
Liabilities.—First
pense
Stock,
Underwritten—To Retire Preferred Stock—
$875,373,693.
—V.
159, p. 384.
,
_
'
.
.
Loeb,
Rhoades
Auchincloss,
Earnings for Calendar Years
1943
Operating
1^41
1942
1940
revenues:
$3,723,126
$2,203,637
Airmail
299,764
Other
492,373
553,969
378,410
996,038
118,326
640,237
82,930
$3,249,282- $3,147,392
Passenger
.
$4,041,419
$4,079,773
$4,837,490
—
3,479,868
3,723,485
4,584,468
$2,926,806
2,796,160
income—a.
$561,551
$356,288
$253,022
$130,645
9,284
6,133
9,812
16,366
$570,835
$362,421
$262,834
53,872,
$147,011
T5T99
$92,551
Total
Operating expenses
Operating
Pacific Power & Light Co.—EarningsPeriod End. February—
1944—Month—1943
Other income
Operating
revenues
$714,662
$610,627
290,451
241,115
$7,604,811
3,253,178
153,385
69,660
875,810
590,469
52,874
50,826
590,618
577,869
58,333
58,333
700,000
Total
income—
Interest
expense—
$6,958,539
expenses
699,150
taxes
Other
taxes
Prop.
ret.
res.
of
approp.
3,021,353
investments
oper.
411
$159,619
$190,693
$2,184,963
19,397
234,765
5,097
1,637
income
(net)
$180,191
102,954
$210,287
104,124
$2,424,825
1,244,933
$2,302,494
sale
Gross
income
Interest,
etc.,
charges—
or
Net
-V.
income
159,
applicable
p.
1151.
$77,237
to
preferred
$106,163
sitocks
$180,378
34(482
369,724
38,507
114,194
$499,733
$633,055
$218,886
$206,745
income
for
Federal
taxes
220,000
225,000
91,601
64,107
$279,733
$408,055
$127,284
$142,637
1,317,270
$1,179,892
$985,224
458,478
458,478
♦For
39,260
other
Total
Net income
Dividends
$263,330
231,570
197
on
47,847
~28~583
$465,251
profit
disposition of aircraft
and equipment
$2,069,287
19,711
•861
revenues
Profit
1,244
50,000
357
deductions.
Other
Net
242
,
5,227
100,000
♦Allowance
limited-term
the
21, last.
During the year 1943, the following dividends were paid on
both the common and preferred stocks: June 10 and Aug. 10, 15 cents
each; Oct, 29, 10 cents; and Dec. 15, 15 cents.—V. 158, p. 1673.
-
1944—12 Mos.—1943
Operating
Federal
Other
on
$1,
615,957
18,768,284
possible decline in inventory values
profits not transferred to U. S. A.
tProvision
a
less rscov.
accounts,
Consolidated Balance
V\
•
and on the 6% non-cumul. partic. preferred
stock, par $1, both payable May 10 to holders of Record April 20.
A
distribution of 10 cents per share was made on these issues on March
par
1943
to. surplus
accounts
Net
Olympia Brewing Co.—Larger Distribution—
The
1942
$6,319,228 '
5,875,995
"
$.1.29
Note—Provisions for depreciation of plant and equipment, and for
amortization
of machinery patent
rights amounted to $463,339 for'
22,645,080
Rent frm. lease of plant
common
F.
23,680,266
8,628,738
34,046
from British Empire
Dividends
55,802,491
accounts receivable
Amort,
notes, tax series of $1,303,640.—V. 158,
Neil
921,435
5,087,363
30,811,650
(6,563,377
surplus
Earned
succeed
730,083
:
Earnings per common share
441,781
—
($100 par)
stock
to
1943
doubtful
income
to
S. A.
Net
——
and
80,310,995
203,528
preferred
director
$17,775,197 $15,019,228
refund
and
1941
U.
deposits, $160,751; notes receivable (customers), $6,802; notes
receivable (others), $106,600; accounts receivable (customers), $11,123,-
Income
6,323,407
liabilities
cumulative
Return
special
Profit
947,752
estimated
a
income
Net
388,671
>
—
vestment
1,390,814
12,500,000
income,
director
a
-
—
British
from
int., disc. & other inc. deducts.—
taxes on Income
subs,
on
218.
p.
allowed.,.
on
taxes
Reserve for
55,413,820
Federal
Income
3,705,293
$3,891,535
_
..
debt
on
$•
156,
profits tax
Reserve for
63,909,871
19,268,994
a;
Income
income
Earnings
A
and
.
elected
been
has
income
Post-war
83,178,865
etc.
depreciation
& other
Provision
6,028,022
6,571,262
Liabilities—
payable
-
He is also
director.
a
Co., which holds a controlling in-is also Vice-President and a director
Line
and
Syndicate, Inc.1—V. 159, p. 1151.
Normal income tax
(except
—_
Gross
Bond
Net
taxes
taxes
Eastern,
$50,571,460 $42,392,787
,
1942
Pipe Line Co.—New Director-
has been elected
income
Excess
138,592,685 126,781,614
_
income),
on
$■
/
exps,,
Years
1943
•
operating revenue-
900;
1942
$119,001,027 $117,006,945
—
Accrued
,.
:
adminis.
Total
76,236,984
531,167
receivable—a,.
Total
Accounts
■■
revenue
&
oper.
1,006,995
(net)
notes
-
,
6,450,165
6,418,943
(less reserves)
1559.
.
profit
Total
construction work,
on
3,715,724
receivable
accounts
Investments
•Property,
31
$16,173,990 $11,995,021
5,963,756
8,467,060
Inventories
Miscell.
$1.74
1943
Assets—
Notes
3,281,688
$29,050.
refund of
post-war
Cash
S.
1,073,183
$2.14
share
Consolidated
U.
2,593,913
8,616,939
4,214,009
$14,146,802 $12,508,953
profit
♦After
3,386,508
2,389,244
8,511,207
3,376,752
;
—
charges
Common
4,753,743
*262,009
depletion
for
Preferred
42,611,688
5,456,173
—_
-
for
Provision
40,446,337
—
surtax
tax
taxes
Provision
Net
(including
profits
$78,035,211 $78,685,752
—
-
Income
Excess
Other
and an additional $3,000,000 was used to
purchase bonds for sinking funds.
The necessary funds were provided
chiefly from the year's depreciation and other reserves and surplus
earnings.
<
•
-.
,
,
Cash and government securities on hand at Dec.
31, 1943, totaled
$20,088,000, slightly more than at the close of 1942.
spent
011;
Total
con¬
$5,740,833; sinking funds and special
608,004
assets
159, p.
products sold and warehouse expenses,
Gross
in
$7,794,000
Assets—Property,. plant
1942
1943
$76,435,362 $77,173,379
416,331
471,286
——
company's
Airways, Inc.—New Vice-Presi¬
■
Cokell
for loss
Prov.
Consolidated Balance Sheet, Dec. 31, 1943
Statement
-
—
1940'
In
1925.
Elected—
Eastern
discounts
Cost of
all of
of
(& Subs.)—-Earnings—
Income
sales
Contract
War Production.—V.
Selling, administrative and general expenses
the Pacific Northwest
capacity of the govern¬
■
Calendar Years—
Net
the
production and recently"
Termination Committee of.
war
!
Cash
this gain was, however, absorbed by an
the appropriation for Federal taxes on in¬
come, which advanced from $14,851,000 in 1942 to $22,645,000 in 1943,
a growth of more than 50%v. •
The total provision for taxes of all kinds, was $37,224,000.
This was
an
average of more than $100,000 every day of the year, and an in¬
crease
of approximately $20,000 daily compared with 1942. •
No new securities were sold in 1943.
Approximately $29,000,000 was
Substantially
increase
Earnings'• per
Co.
in
handled
Parke, Davis & Co. (& Subs.)—Earnings—
income, after the deduction of fixed charges but before providing
for Federal income taxes, exceeded that of the preceding year by $7,-
Dividends
159, p. 1044.
the,
Manager
on
Years Ended Dec. 31—
Foreign
873,000.
and
Hand
B.
Sales
plant.
31,502
rev._
oper.
was
has
a
resigned.—V.
—V.
1944—2 Mos.—1943
$88,134
He
Engineer..
and, a year later,
appointed Industrial Engi¬
director, has been elected Vice-President arid
Erwin Balluder have been elected directors.— '
Dean,
Panhandle
in
and
123
ot
740.
-
WTalter
Net
Net
$100,682
Operating revenues
Operating
the
p.
Agnew,
Co.—Earnings—
1944—Month—1943
February-
revenues
He
Purchasing
Plant
as
Paramount Broadway Corp.—New Director—
will be approximately one and oneof the great Grand Coulee and Bonne¬
almost double
and
years,
Miscellaneous
Ohio Associated Telephone
Chairman
of the Venezuela
.
plants, erected by the U. S. Government in
during
■
Defense
production.
became
the'Missouri-Kansas Pipe
terest
more
ment's
Gross
Commerce, on April 13 announced that
Plant Corporation, an RFC subsidiary, has authorized the ex¬
of a contract with Northwestern Ice & Cold Storage Co. to
of
Secretary
in 1916
division
manufacturing
Directors
B.
Richard B.
214,000 horsepower Pit No.
power
159,
of
efficient and enonomical operation..
5 plant will be ready for operation
within the net few weeks, and the company's resources of power supply
will be further augmented early this year by a connection with the
Shasta plant of the Central Valley
Project.
The magnitude of the electric generating facilities feeding into our
system may be illustrated by the statement that, including all gen¬
erators to be installed in 1944, the company's total installed capacity
to permit of
.
Jones,
and Gen¬
President
Christopher,
T.
company
Vice-Presidont.
Panhandle
several years ago and
enlarged in 1940 is now approaching completion in its principal fea¬
tures.
More than $152,000,000 was expended upon additions and bet¬
terments to properties in the past five years.
The installed capacity
of our electric generating plants was increased about 400,000 horse¬
power during this period,
including units aggregating 104,000 horse¬
power added in 1943.
Contracts were also made for the purchase of
additional power from other producers.
Large sums were spent In en¬
larging and extending transmission and distribution facilities in both
electric and gas departments, and many technical improvements made
■
Jesse
and
a
Friendly
Henry
V.
major construction undertaken
The program of
Co., Portland, Ore.—
Expansion—
Howard
.
Summary of Consolidated Income Account for Calendar
Northwestern Ice & Cold Storage
dent and
again advanced
by well
business during 1943
activities,
war
Report—Extracts
of gas
electric
sales was by far the largest of record for the system.
Partly because
of higher average temperatures the growth of gas sales, although large,
1388.
P.
Twin-Six
1922,
made
appointed
was
Black, President, follow:.
high levels.
new
ville
1944—12 Mos.—1943
1944—Month—1943
the
in
was
the
the
the Automotive Council for
Sales of electricity exceeded those of 1942
over
one billion kilowatt hours,
a growth of 19.3%, and sales
increased twelve billion cubic feet,
or 11.3%.
The gain in
to
and
Co.—Earnings-
Electric
Northwestern
by
1
entered
with
Pan American-Grace
half times the combined capacity
Period End. February-
Geo,
has been named
immediately.
the President as
years,
designated
tractual relations with the Government
shops will cost upwards of
repairs and maintenance in the company's
be
28
effective
company,
will
$9,000,000.—V. 142, p. 3686.
Stimulated
of this company for the week ended April 15, 1944,
kwh., as compared with 38,789,000 kwh. for the
corresponding week last year, an increase of 5.5%.—V. 159, p. 1559.
40,909,000
he
for
official
the
stated
started
he
1919
neer
jointly owned by Southern Pacific and Union Pacific
RRs., has announced a $15,000,000 rolling stock program for this year,
including purchase of 1,000 new cars for about $5,500,000. . General
company,
of
duties
require,"
Marks
headed
Pacific Fruit Express Co.—To Buy Cars—
This
Packard
a
new
Manager.
Mr.
Pacific Gas & Electric Co.—Annual
Co.
States Power
Northern
conditions
merger
Electric 'output
totaled
Marks'
"Mr.
eral
Marks,
Vice-President
Executive
585.
p.
H.
James
cents per share
5
regular quarterly dividend of
the
Like
1559.
p.
extra dividend of
an
10! cents per share on the com¬
stock, par $5, both payable April 29 to holders of record April 20.
amounts were disbursed on Jan. 31, last, and in preceding quar¬
and
mission lines.
Hydro
declared
directors have
The
Packard Motor Car Co.—Official Promoted-
Distribution—
Oswego Falls Corp.—5-Cent Extra
further states:
The properties of Indiana Hydro-Electric,
ated by Northern Indiana Public Service Co.
Monday, April 24, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1696
adjustments of credits to operating expenses for reimbursable
War Department contracts.
*
believed necessary for Federal excess profits tax.
costs under
tNo provision is
.
.
.
„
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
yolume 159
$17,261; inventories, at the lower of cost
Comparative Balance Sheet, Dec. 31
deposits in banks and work, funds
$1,287,665
$515,195
-
1,831,621
391,725
2,376,738
403,436
113,265
12,570
Property and equipment, (net)—1,302,073
Work orders in progress—
28,254
$13,221;
holds
1,647,627
Receivables
Inventories
u,—
,——
,
receivables
Other
-
Capital stock of consol. ticket offices,
Prepaid expenses —
Deferred charges———__—i.—.—
and
65,997
partic.
——
$5,036,656
$5,063,737
Accounts payable, trade—
:
$314,827'
330,816
$514,684
266,078
342,000
liabilities—————;—,
Accrued
Provision for Federal income
——
————
taxes-.
285,984
—
Deposits on air travel card accounts——.102,266
$1,25 cumulative conv. preferred stock——
1,435,325
Common stock (par $1)
359,634
Capital
surplus--——
Earned
surplus
1,568,065
——
——-
639,739
—.—
Total
—V,
95,130
1,821,500
331,790
1,249,138
443,417
$5,063,737
$5,036,656
159, p.
1452.
lease
tax
goodwill
and
other
prepaid
receivables,
equipment, lease¬
depreciation and amortiza¬
$47,793;
for
reserve
$675,617;
market, $401,065;
or
deposits
credit,
and
trademarks,
total,
$1;
income
tax
payable
(less
tax
anticipation notes
$98,014; accounts payable, $213,384;sales tax collections,
payroll tax collections, $52,328; accrued liabilities, $33,068;
pfd. stock (no
(stated value $16
ury
of
no
85,000 shares, less 15 shares in treas¬
per share), $1,359,760;
common
stock, 108,000
value (stated value $1 per share), $108,000;revalua-
par
par),
tion
surplus, $43,580; paid in surplus, $21,587; less profit
deficit, $478,971; total liabilities and capital, $1,497,911.
Note—Dividends
the
of
$1,334,264
accumulated
to
Dec.
and
Account
Capital
we
(Pro
Forma)
loss
1943,
year
Sales
1944—Month—1943
and
of Dec. 31,
as
•value
$8
common
share
per
Mr,
McCarter
its
"$8,229,394
$2,832,531
$2,900,854
——————
—V. 159, p.
Revaluation
Paid
$8,218,587
stated value 50c
per
share
for
the
first
of
1943.—V.
159,
revenues
Operating
Other
Operating
——
Income
Mar. 31,'44
.
...
$56,530,043 $56,690,653
————-
inc.
taxes)—.
——
—
Non-operating income
Dec. 31, '43
44,577,905
,
revenues
income
—
Rental of leased
Net
—V.
Capital
-V.
for
income
$12,407,394
3,268,272
3,299,102
126,692
'
week
of
ended
&
$5,894,508
profits taxes—_
excess
4,401,800
4,300,000
$1,546,243
$1,594,508
stockholders
each
share
This
cents.
will
create
of
the
would
108,000
no
par
from
shares
common
$1
to
stock
of
this
reduction
resuming
action
condition
dividends
its
of
can
the
taken
be
now
on
corporation,
participating
without
provided
strain
financial
the
on
legal
certain
barriers
can
If
proposed
be
complied
amendments
with
before
adopted,
are
dividends
following
the
be
can
paid
tons
1.
Accumulated
future
any
would
2.
have
common
dividends, amounting at Jan. 31, 1944, to $1,342,763,
accumulations on
the participating preferred
stock
be
to
addition
In
paid.
net
participating
per
1943,
:
assets
outstanding.
of
Dec.
31,
assets were
equivalent to slightly more than $12.40 per
participating preferred stock..
proposed changes in stated values of the preferred and common
Stocks have, of course, no relationship to actual or market values.
The prior rights of the preferred as to dividends and in liquidation
be
before.'
as
the
on
dividend
All
be
the
accrued
past
preferred
could
liquidation,
paid
shares
the
on
participating
and
would
subsequently
have
of
stockholder
participating preferred stock
claim of $2,872,493, a
had
ferred liquidation
,
by
future
the
in
before
the
would
of
entitled
accruals
of
unpaid
dividends
aggregate
an
preferred
the
on
total
pre¬
be increased
which would
sum
stock.
paid to
In
the
liquidation, this entire sum would have to be
participating preferred stockholders before the common stock could
receive anything.
The
proposed
reduction in
capital would
entirely eliminate the
existing capital deficit, and, in fact, would result in a capital surplus
of $320,077 and thus place the corporation in a position
immediately
to legaily declare dividends on the participating preferred stock.
Subject to the approval of the reduction, and the amendments to
the
certificate
of
incorporation
and
by-laws
requisite vote of
the stockholders, and to approval by the Commissioner of Corporations
of the State of California, and compliance with requirements of Dela¬
law,
ware
it
is
the
annual
the
dividend
stock
rate
has
management
cash
requirements
intention
present
participating preferred
an
on
would
definite
post-war
a
the
dividend
a
$1.20
more
a
for
of
of
by
the
directors
basis.
It
unwise
be
knowledge
place
believed
is
until
of
modernization
to
such
the
the
and
the
it
amendments
the
is
on
the preferred
It
must,
Will
for
lent
of
as
corporation's
and
program
other
the
to
certificate
the
the
earnings, and approval of the
the
preferred and common
of
directors
init'al
annual
of
to
rate
incorporation
of
cents
and
initial
Loss
rate
Statement
be
can
for
6
regularly
Months
iind
.
.
Balance
Dec.
—
exclus.
of
depreciation
and
amortization—___
amortiz.—
31,164
tax
21,119,966
taxes
;
9,521
_____________
$454,004
and surtax
(est.)_____
26,000
!
((est.)
1—
credi^—
profit
337,500
Cr32,000
$122,504
,
Balance
Sheet,
Dec.
31,
1943
Assets—Cash, $212,355: sales tax collections, $40,161;
Collections, $59,328; accounts receivable (less allowance
5,142,574
$8,278,409
2,940,242
3,138,838
375,282
375,282
$4,902,231
2,462,734
$4,764,289
2,462,734
1,375,798
1,375,798
$1,063,699
_
$925,757
Corp. of N, J, pfd. divs,———
Serv.
Corp.
of
N.
J.
divs.—
common
_
974.
p.
Period Ended Feb.—
Operating revenues
1944—12 Mos.—1943
$2,044,693 $25,215,590 $22,357,811
857,343
Maintenance
723,000
>
Net
V.
159,
Other
8,596,459
9,766,641
146,671
income
146,444
1,>809,961
1,585,821
T 126,888
__________
127,284
1,479,792
'
78,002
1,204,508
1,529,217
1,237,194
229,468
2,792,053
2,515,290
'
$740,495
$8,162,635
$6,893,829
210,528
___
Other
out¬
See
1944—Month—1943
$2,270,385
___
Operation
261,454
oper.
$667,501
revs.___
income
Int. and
Dr 497
Drl,056
11,547
94,454
$667,003
$739,438
$8,174,182
$6,988,283
(net).
The mill
operation in September.
amort
Prior
as of April 29, 1944 all of the
$100 per share, plus accrued divi¬
share.
Payment will be made at the
140 Broadway, New York. N. Y.—V. 159,
to $1.83Vo
amounting
agent,
order
'
■
^
Period End. February—
Operating
revenues
Operating
To
Federal
taxes.
Other
ret.
Amort,
$537,250
323,358
313,824
3,199,388
2,874,659
17,332
14,925
■v 187,385
114,769
32,985
38,144
323,218
348,757
27,084
27,084
325,000
325,001
69
—
approp.
res.
Net
.
oper.
$134,596
$143,273
$1,427,020
Dr525
689
30-Cent
■
•
new
$134,566
$142,748
$1,427,709
$1,189,620
38,860
39,935
372,548
483,505
Interest, etc., charges
Net
income
Dividends
$955,161
.
preferred
to
The directors have
of
accumulations
$706,115
■
430,167
430,167
_„
per
share
the 7%
on
payable May 1
Feb.
on
preferred
6%
dividend of $1.50 per
stock and
share
account
on
dividend
a
of $1.75
preferred stock, both on account of accumulations,
to holders of record April 20.
last.
1,
a
the
During
1943
and ' 1942,
regular quarterly dividend rates.—V.
Like amounts were paid
the
1.8%
Frank
Car
company
paid
half
the
The company
lative
convertible
into
common
and
March
first
stock
31.
preferred
on
As
stock
result
the
par)
($5
share-for-share
a
a
basis
of
number
outstanding has been reduced to 25,463.—V.
Public
Service
Co.
of
Period End. March 31—
Operating
Total
oper.
New
clared
of
the
income
Federal
exc.
2474.
p.
Mr.
1944—12 Mos.—1943
$9,389,499
6,388,096
6,186,686
$3)5,393
$3,396,348
$3,202,813
1 I
71,721
_____
.
-'1
86,546
!
29,000
£>r8,251
Crl,383
Dr435
.
$3,194,562
$3,397,731
970,769
862,901
"
"
•
433,000
42,900
'
Discount
and
533,939
,215,800
131,000
55,600
tax
477,500
150,500
$129,912
$1,408,530
$1,408,304
65,400
expense.
income
Note—For
(a)
—
dividend
require.
purposes
and
revenues
erties
acquired
(b)
'■'•, $108,334
55%
55,816
of
expenses
from
each
Twin
of
the
prior to
State
figures
Dec.
Gas
fixed
28,
and
764,315
668,659
63,692
comparison,
for
periods include
applicable to. prop¬
both
1943,
Electric
Co.
on
that
date;
prior lien
preferred dividend requirements of Twin State prior to Dec. 28, 1943,
which
percentage is- an estimate of the proper allocation of said
charges and requirements.—V. 159, p. 1484.
charges
and
of
the
7%
Public Service Co. of Oklahoma—No Longer
Holding
the
for
April
notified
13,
to
resolution
a
wrote
Dr.
that
Raver
'
follows:
as
the
a
Paul
that
the
properties
the directors at:
of
Dr,
Administration,
Power
entire electric
Raver,
of
J.
the
offer
company
was
board
de¬
"
'
meeting held April
reaffirmed, .in
12,
the
annual report to stockholders,
acquisition of its electric prop¬
.
,
its
of
ing
electric properties as an
that it
proof
of
its
entirety, if presented by an agency giv¬
power to acquire such properties anct
acquisition.
If and when any
such basis is presented to the officers and directors,
has
proposal on
submitted
be
the legal
ability
to
finance such
to
the stockholders
for their
consideration.'
"Although the quotation in your letter of March 18 as to the com¬
pany's position in the matter of an acquisition is substantially as
above
stated,
"As
you
do
you
therewith.
11
•
make
not
a
purchase
proposal
-,,.y
.
in
'
accordance
"
.•••
'
■■
.
state, you cannot commit your principals, and before a pur-
could
be
legislative steps must be taken, fi¬
nancial arrangements made, and final approvals by the public utility
districts, the City of Seattle, the Congress of the United States of
America and other interested parties obtained.
Further, a recent news¬
paper advertisement of the Skagit County-public utility district indi¬
cates that it is no longer a party to your plan.
"Before we are in a position to talk price, you must be in a posi¬
tion
to consummate the transaction,
if a'i purchase price should b©
agreed upon. We have not hung a 'For Sale'isign on our property,-and
stockholders'
our
certain
effected,
the
interest
of
matter
price
should
not
be
made
political chopping block.
So that there will be no misunderstanding
it, we want to say now that the $90,000,000 figure mentioned
a
about
in
letter
your
"Any time
our
"We
"The
we
of
the
company
is
projects.
effort.
as
should
go
on
record in this letter by stat¬
huge investment in the Grand Coulee-Bonne-
a
These projects have made a notable contribution to the
has been done without public utility district retail¬
This
produced and
power
business.
the
we
recognize that—
war
ing of the
fair purchase proposal in accordance
set forth above, you may rest assured
a
consideration.
that
taxpayers have
ville
is in
feel
us
position
earnest
our
further
ing that
present to
you
announced
it will have
out of
properties
electric
entire
for. the
inadequate.
grossly
with
Net
Pfd
for Electric Properties Inadequate
President,
Bonneville
" 'Consistent with the policy as stated in reports to stockholders for
the past several years, the company still maintains the position that ifc
will give earnest consideration to any workable plan for the acquisition
in
''j
$314,958
of
McLaughlin
chase
$9,784,444
taxes—
profits
last,
$794,177
$274,455
Stockholders
—
voting control.-
identical language set forth in the 1943
the company's position as to a possible
shares
•H478,784
t
Federal
Nov. »30,
Hampshire—Earnings—
-•
Dr432
income
deductions
158,
converted
been
preferred
$274,887
operating income
Non-operating
income.
Total
first
cumu¬
571,120
expenses
Net
Gross
had
between
1944—Month—1943
$846,007
revenues
In
has
of
by the directors to be grossly inadequate.
it will
Conversions—
April 13 announced that 1.959 shares of 5%
on
1943,
•
.
McLaughlin,
evidence
159, p. 1389.
Co.—Preferred
13,
common
$90,000,000
fair
Steel
Pressed
Dividend
Common
.
Offer of $90,000,000
erties,
declared
on
Sept.
President,
Pursuant
$95,706
$102,813
stocks
____
applicable
paid
on
action
Administrator
income
share
per
indicating the broad ownership of the company, Frank McLaugh¬
pointed out that at the time of the March stock¬
holders' meeting there were 16,758 stockholders,-a gain of 1,431 since
December, 1943.
The largest single stock ownership represented less
17r242
(net)
$2.50
As
lin,
$1,189,862
Dr30
revenues.—
income
_______
-
of
April 13 declared a dividend of 30 cents per share
stock, payable May 15 to holders of record April
been approved by the Washington Department
of Public Service.
A similar distribution was made on Feb.
15, last,
which compared with an initial of 60 cents per share paid on Nov.
1, 1943.
■
" " " ■;
than
______
.
dividend
550,000
$3,090,864
.
limited-term
of
Investments
Other
$5,462,080
of
Pay
This
140
—
taxes
Prop.
$4,853,188
8535,255
-
—
*618,750
$4,868,371
arrears, such payment having been made in accordance
provisions of the plan for recapitalization.
directors
the
24.
1944—12 Mos—1943
1944—Month—1943
expenses
$3,640,864
—
Gain—-:
on
Co.—Earnings—
3,347,419
$5,487,321
to reduce
the
The
Portland Gas & Coke
2,686,861
$461,449
preference dividends paid—•
redemption
per
277,989
$467,477
♦
Balance
1560.
Co.t—To Redeem Class A Preference
Pittston
399,526
Balance
January to replace No. 3 mill at Allenport, Pa., built in
1484.
p.
A
without
putting
the private
companies
coordination of public and private operations
proper
public interest,
and we desire
to cooperate with you so that
the
existing and future potentialities of the Columbia River may be
realized for the maximum benefit of the people of the Northwest in thepost-war
period."—V. 159,
p.
1290.
Company—
The Securities
and
Exchange Commission on April 17 issued an order
declaring the company has ceased to be a holding company.
In its re¬
quest the company told the Commission it has acquired all the assets
and
properties and assumed the liabilities of its only public utility
subsidiary, Southwestern Light & Power Co., which has been dissolved.
—V. 159, p. 452.'
.
Radiomarine Corp. of America—EarningsPeriod Ended February—
Total
oper.
Total
oper.
Net
Public
Service
Corp. of New Jersey—Outlook—
Operating subsidiaries of this corporation are doing very well con¬
sidering the trying times and the difficult conditions under which they
must function,
Thomas N. McCarter, Chairman, told stockholders at
their annual meeting held April 17.
In
particular, Transport made fine progress last year, Mr. McCarter
due largely or in part at least to the war, with increased
and net and has substantially reduced its bonded debt.
However, Transport is not deing quite so well so far this year as re¬
reported,
earnings gross
gards revenue, he declared, owing to many factors, one of which is the
greater use of the automobile.
The
payroll tax
losses),
for
2,321,314
$8,217,755
oper.
Other
1944—Month—1943
$42,472
$37,868
$88,190
deductions.
73,193
49,087
,148,672
$73','664
98,$47
loss——._
$30,721
$11,219
$60,482
$24,883
inc.—
1,400
1,816
KKm2'800
$29,321
$9,403
$21,259
$291,059
communic;
very
serious
problem
in
the
transportation
field, Mr. McCarter
Operating
Ord.
Net
the
ravages
of use,"
he said,
—
non-comm.
from
inc.—
ord.
inc.
income.
Deducts,
from
3,633
net
inc..
164,692
140,243
•'$57,682
"-381,296
$135,371
$130,840
$323,614
$133,059
loss
ordinary
Deducts,
$130,840
$319,011
108,506
106,890
256,012.
235,788
$24,553
$23,950
$62,999
$55,279
312,309
4,603
2,312
$291,059
Net income transferred
to
pointed out,
is that of equipment.
fleet of buses is suffering from
income,
Gross
1944—2 Mos.—1943
revenues—,.
—
_____
4,073,782
5,300,012
on bonds,
etc.)
payable to the public.
'___
3,362,578
3,478,259
3,885,047
1,719,608
(int.
divs.
18,907,013
3,888,284
3,670.338
___
——
deductions
159,
the
1,511,739
__,
'
$444,483
profits tax
Post-war
1943
1,236,783
'
Federal normal
Excess
..
31,
$3,224,169
—
income
Total
and
share.
maintained.
Ended
sold
expenses,
Depreciation
Other
per
by
anticipated
goods
Operating
shares.
561,624
to
65,138
$47,801,010 $45,563,923
the
split-up
to
increase
will
This
dividends"
inaugurate
of 80
———
Cost
Net
to
of
an
values
course,
Profit
Sales
IT.
at
present
be emphasized that the future dividend policy
future conditions, and it is obviously impossible
management at this time to predict whether dividends equiva¬
Interim
Jtlif.'-
intention
stock
dictated
be
the
proposal
a
basis.
shares
140,406
Guaranty Trust Co.,
and
Assuming a continuation of
proposed reduction in stated
stock,
approved
is scheduled to go into
month
a
dends
that
time
contingencies.
by-laws,
17
has
1943
135,359
___
Taxes—Fed.
any
event
be
of
case
—V.
with
divi¬
accruing
paid
Moreover,
common.
preferred
be
to
to receive the full liquidation price for the preferred shares before any
payment could be made to the common shareholders.
As of Jan. 31,
1944, this liquidation price was $33.80 per participating preferred share,
made
up
of $18 per
share, plus accrued and unpaid dividends of
$15.80 per share.. Thus, as of Jan. 31, 1944, the 84,985 Outstanding
shares
159,
Accumulated Dividends—
As
then
of
will
from
ordered in
(The)
must be $16.60
share
The
dends,
April
four-for-one
The company has called for
•
(including earned surplus)
preferred
net
share
4.2%, over the same week last year.—V.
on
a
Co.
Commis¬
Puget Sound Power & Light Co. (& Subs.)—Earnings
1915, which has a capacity of 1,500 tons a month.—V. 159, p.
be
conditions
the
on
cos.)
expenses.—
.
income
Public
subsidiaries
its
Pittsburgh Steel Co.—To Build New Mill—
etock:
and
$254,909
Joseph H. Carter, President, announced at the annual meeting, held
on April
12, that a new automatic tube mill with a capacity of 10,000
Gross
the
profits
excess
Balance
removed.
tnust
and
company
Gas
Power
1484.
p.
remove
capital
a
preferred stock.
The corporation has been operating profitably since
1941, when for
the first time a definitely favorable change occurred in
its affairs,
and
as
a
consequence,,its financial position has steadily improved.
The directors believe the present earnings and outlook not only justify
payment
of a
dividend on
the
participating preferred
stock, but
that
on
stock
standing
50
Sidney Hoedemaker,
possibility
this
for
or
stockholders
see,"'i>
478,971
Piper Aircraft Corp.—Stock Split-Up Approved—
The
it did
as
can
$47,665,651 $45,498,791
:
sub.
and
retirement
companies'
Net
shares of Class A preference stock at
.
vote
the existing capital
deficit of $478,971,
surplus of $254,909.:
President, on April 7 stated in part as follows:
The directors have given careful consideration for some time to the
and
$733,880
above—
as
&
Federal
___
''Exclusive
April 24 on approving a proposal to
reduce the stated value of the capital stock outstanding from $1,467,760 to $733,880, by decreasing the stated value of each of the 84,985
no
par shares of participating preferred stock from
$16 to $8 and
of
kwh.,
I
1944
cos.)
;
Public Serv.
shares
——
of
values
Electric
the
—
taxes
Income
Sub.
1290.
p.
(sub.
(corp.
and
Depreciation
was
v_—
—Earnings Statement, Etc.—
The
surplus;
stated
1559.
p.
3,086,671
$5,948,043
—
—
income
in
for the
1944 amounted to 123,496,000 kwh., an increase
output
April 15,
4,963,000
Pig'n Whistle Corp.—To Halve Stated Value of Shares
•
,254,909
_——
31,: 1943———
reduction surplus balance,
electric
year
as
(Corporation and Subsidiaries)
Balance
.127,113
::
3,051,313
income
reduction
of Dec.
as
of
income taxes__
Federal
158, p. 1537.,
The
377,236
$12,394,320
—
debt
of
159,
J
—
lines
funded
on
Provision
21,587
44,660,495
442,182
deductions4
Miscellaneous
Balance
below)
(see-note
Service
order
revenues
Federal
43,580
—
——-—_—
of capital reduction
arising, from
common
Interest
surplus
—_—
Public
cause
Balance
$11,952,138 $12,030,158
1._—
——
that
show
a
revenues
Depreciation,
Philadelphia Electric Co.—Weekly Output—
(& Subs.)—Earnings
'
(excl.
taxes
&
exps.
Gross
—
reduction
deficit
Less
642.
p.
'
12 Months Ended—
Oper.
Capital
Surplus
quarter of
Philadelphia Transportation Co.
Operating
—^——
_____
surplus
Note—Analysis
Ltd.—Production Rises—
1944 amounted to $257,740 from
27,048 tons milled, which compares with $255,927 from 25,519 tons
milled in the fourth quarter of last year, $235,916 from 28,062 tons
milled in the third quarter, $300,865 from 30,023 tons milled in the
second
quarter and
$333,387 from 33,556 tons milled in the first
i
surplus
this
far
3 Months Ended Mar, 31—
$1,053,957
Perron Gold Mines,
quarter
in
well
"So
as
regard to the reclassification and original cost studies of the
company's electric plant. He described the order as "unjust, unfair and
inequitable."
See also annual report in V. 159, p. 974.
Expenses
54,000
1452.
Production
reported
to
answer
Total
$679,880
—
108,000 shares,
stock,
do
1943
stock, 85,000 shares less 15 shares in treasury, stated
Common
will
indicated.
sion with
Maintenance
Pfd.
fault."
our
McCarter
Mr.
conditions."
filed
$733,880
1944—3 Mos—1943
better,
or
said, "the dividend rate on the common stock of the parent cor¬
poration seems for the time being to be secure notwithstanding adverse
Other
Period End. March 31—
number
Public Service Electric & Gas Co.
last
on
of stated value of preferred
shares)
(After giving effect to reduction
\
Peoples Drug Stores, Inc.—March Sales Up 2.4%—
powerless to get the proper materials for repair, nor any"
of additioinal buses to give the service that we
are
Combined Results of Operations
31,
participating preferred stock amounting to $15.70 per share, had
been paid or declared by the board of directors.
•'
not
"and
substantial
would like to give but it is not
he
$450,000),
$40,161;
shares
>
Liabilities—
(less
improvements
Liabilities—Federal
of
16,056
Total
excess
$1,726,319),
$1,497,911.
285
70,591
•
$31,109;
profits
etc.,
postwar
of
tion
37,295
at cost—
taxes,
insurance,
1942
1943
Assets—
Cash demand
1697
-V.
earned
surplus—
159, p. 1152.
t
Federal income and excess profits taxes), $839,910; re¬
income and excess profits taxes (less U. S. Treasury
certificates of indebtedness, and accrued interest thereon
of. $3,318,380), $5,560,522; 3V4% . sinking, fund debentures, instalment
due in 1944
$150,000; 3V4% sinking fund debentures, due Oct.. 1, 1956,
$1,350,000; note payable to bank (2%%) in connection with emer¬
gency plant facilities contract, $407,494; reserve for post-war adjust¬
ment of inventories and other assets, $640,000; $2.50 preferred stock
(36;512 no par shares), $1,825,600; common stock (par $1), $926,547;
capital surplus, $657,773; earned surplus, $6,559,967; common stock in
treasury (six shares), Dr$29; total, $20,047.385.—V. 159, p. 1485.
tax notes and
Company reports that as of March 31, net assets were $13.57 a
*&Share, against $13.06 at the year-end and $12.73 on March 31, 1943.
In the quarter the trust added to its holdings of rail bonds.. It also
acquired 4,000 Commonwealth Edison, 1,000 du Pont, 4,000 Flintkote,
2,500- Kennecott
Westinghouse Air Brake.'—V.
and 4,000
Copper,
158,
1674.
p.
Fredericksburg
Richmond
rector
«.
Hyde, of Washington, Vice-President of
been
elected
a
director,
succeeding
President of the Southern Railway.
John
B.
has
way,
,
the Southern Rail¬
Ernest E. Norris,
St. Louis Southwestern
declared
increase
159,
of
1941-
1942
1943
Federal
Other
taxes
—
2,980~625
_
_
Operating income
jof
2,800^344
2,884,021
$4,409,498
$3,937,033
21
7,444
—
income
Gross
..
interest
of debt
Other
$4,418,924
-
of
1,330,792
Donations
9,833
._j—
12,544
108
107
Cr37,444
Cr97,328
tons
of
Net
income
tons
Aver.
f
620,731
620.731
—
.—
_
—
Government obligations.—
receivable
S.
U.
—
.
,
supplies
Materials,
Prepayments
;
.
_
—._—
3.3060
3.4999
'
0.0107
0.0099
0.0090
0.0096
11,705.24
27,954.40
16,428.26
8.9738
7.6484
6.6369
$64,378,914
$48,714,198
$28,256,047
$20,642,003
39,940
30,133
17,422
12,440
7.6730
6.5564
4.5066
29,895,565
23,314,307
5.1942
17,526,197
14,958,176
per
road—
18,547
14,421.37
10,806.03
9,014.64
6.0588
<
per
„„
—
exps.
of
Net oper.
10,729,349
revenue
21,393
15,711.43
6,615.65
3,425.00
4.1099
mile of road
per
3.2657
5 683,827
3.2218
3.1378
25,399,890
3.5631
34,483.349
mile
train
Net oper. revenue
per train mileNote—Number of
3.4185
1.9724
$14,383,208
company
table):
this
in
freight
revenue
1943,
17,187,100
4,000,000
4,000.000
80,000
36,996,000
series C cumulative
6%
series D cumulative
5%
stries
E cumulative preferred
Passenger
Incidental,
Total
127,719
138,159
2,428,178
——
1,334,645;
1942,
1,289,174;
1941,
surplus
Cost
of
Total
Net
Sell.,
profit
1940
1941
16,994,940
8,127,537
$8,630,436
$3,456,387
742,993
542,466
accts.
148,251
35,208
83.513
expenses
$9,396,695 $10,292,198
profit from opers.
of reserve
for
Net
owned
sub.,
$2,682,156
$7,737,443
and
rep.
80,524
$9,556,182
$10,3GC,411
$7,802,067
$2, 717.223
112,691
332,007
80,039
167,230
of depr.
adj.
for pr. years
cess
Fed.
profits
7,356,000
Int.
of
Net
1,274,000
5,387,400
Cr460,000
ex¬
profit J
Common
$2,644,557
$2,334,627
$1,275,993
91,290
91,290
91.290
91,291
__
$1,858,611
$2.76
$1,450,296
$2,33
$628,967
$1,687,609
$2.42
$1.28
$6,954,000 (after debt retirement credit of $280,000) in
$7,480,000 (after debt retirement credit of $320,0001
in 1942,
•Includes
1943,
$4,178,000
in
and
1941,
ULess reduction
Federal
in
profits
$668,000 in 1940 for excess
taxes applicable thereto.
taxes.
Earnings for Quarter Ended March 31
1944
gotiation.
1943
$822,680
$0.56
$0.86
.„.
income and excess profits taxes, but .before rene¬
1944 amounted to $1,494,000.
tOn 926,537 shares
Balance
1943
31,
receivable
$2,526,802;
charges,
dated
(less
inventories,
$56,658;
vestments
in
Uess
reserve
of
refund
advances
of
reserve
to
being
prepaid
"of
deferred
$896,000;
tax,
-.Z
payable
(trade),
$2;
1943—12 Mos.—1942
1943—Month—1942
$4,694,118
145,379
2,063,343
22,870
Operation
14,634
229,628
205,040
$3,648,729
1,526,903
34,403
32,418
409,303
392,586
Federal income taxes
67,248
56,329
850,500
487,698
Other
30,543
29,868
333,375
314,945
$56,701
$70,763
$807,969
$721,556
.'
Depreciation
taxes
Net
revenues
oper.
Other
<
14,494
Drl,434
6,521
Drl8,198
$71,195
$69,329
$814,490
$703,358
34,460
31,499
401,985
„„—$36,735
$37,830
income,
net-—
Balance
and
Interest
Balance
amortiz..
dividend
Debenture
requirements
$263,391
dividend
Preferred
for
Balance
-V.
375,991
requirements—
149,115
$178,253
,
60,000
60,000
$203,391
$118,253
-—
and surplus
stock
common
$327,367
$412,506
149,115
Balance
159, p. 219.
Seagrave Corp.—Earnings$560,643
Federal
$685,360
58,885
.
before
1943
1944
Quarters Ended March 31—
81.770
taxes
23,550
$29,870
$0.26
profits taxes
excess
51,900
$35,335
and
income
Net
profit
Earnings
—V.
$0.21
Sears, Roebuck
(Excluding
:
•;v
Co.—Annual Report—
&
,
.
Other
income
Cost of sales,
Interest
735,426,046
4,318,143
10,213,016
10,630,342
11,815,324
12,421,026
772,161
61,750
2,007,730
paid
sharing
Normal
and
$4,472,048
f$248,758
...
—_
—
advances
^
:
in-
Grants
accrued
-
-
taxes
4 815,634
10,708,480
2,643,933
597,289
1,445.838
2.347,196
4,000
4,494,527
14,798
1,799,976
4,000
3,764,027
9,179
—
-
and
Accounts
,
construction..:—
—
———
companies
wages.—
matured
Unmatured
rents
.
accrued—.
interest
current
liability
—
unpaid.
accounts
Miscellaneous
—
accrued—
—
—
-
.
depreciation
Accrued
amortization
unadjusted
Other
Matured
interest
deferred
war
Earned
182,748,939 165,675,376
accounts
default
-•
-
159, p.
5,191,657
' 3,171,758
5,313,289
1,510,107
631,438
37.057
146,104
9,674
247,503
21.607,697
353,323
73,091
11,033,921
-
—-
17,202,145
.
146,104
9,766
226,627
12.380,345
10,223,995
324,496
14,255,652
190,170
12,446,619
182,748,939 165,675.376
—
contra,—V.
:
18,907,487
—
182,267
2,573,451
—_
;
^
51,937,395
19,893,600
141,774
51,991,395
—
—
in
17,186,100
17,186,100
19,893,600
5,93,955
382,316
.11,936,783
of defense projects^—
liabilities
Total
•See
—
credit
surplus
.—
liabilities—
Accrued
,
credit
•.
. .
,
for
.
consolidated income and earned surplus account'
unconsolidated insurance companies
1485.
and $41,654 for 1942.
Consolidated
Sheet,
Balance
Jan.
31
companies shown as Investments)
1944
1943
(Excluding insurance
Assets—
'
$
S.
74,086,254
52,073,728
!
Treasury taX notes———
Marketable securities
U.
$
38,105,045
—/
Cash
and
•Accounts
7,533,280
4,263,255
4,866,763
20,173,224
23,439,884
166,820,086 147,896,935
(U. S. treasury bonds)————
1,500,000
1.500,000
notes
Inventories
Insurance
fund
refund
Post-war
receivable-
—
——
—
of
profits tax„
excess
—
—
tMortgages, and properties held for resale——
investments and advances
————————
Deferred
charges
:jl
:
assets —
ilFixed
Goodwill
——
———.
—
—
—
—
Total
10,923
990,474
18,784,020
—.
.
of
...
1943
$330,234 for
——
6,844,731
3,028,000
503,845
856,518
8,193,896
8,971,147
8,188,140
7,044,730
98,929,788 107,363,269
1
X
405,595,739 386,586,781
Liabilities—
loan—.
975,000
24,024,393
unfilled orders—
15,378,568
income:—
13,119,902
12.159.023
14,374,218
—'
for collection of installment accts. sold
7,222,059
4,198,281
2,493,928
payable—regulation V
Notes
Accounts
payable
—
customers—refunds
Due
••Accrued
r———...
——
...—
aid
$5.80
$32,420
and
$3,931,580
of
refund
35,474
24,941
1,038,833
debits
stock
in
Interest
•Post
plant-
267,089
285,546
3,905,452
24,454,718
1,448,685
660,789
1,839,521
'
assets..
stock
24,557,535
$5.87
24,714,003
share
post-war
>
1942
Liabilities—
Preferred
33,946,989
Note—The fbregoing
of
34,045
2,573,551
—-—
—
Common
Crl2,568
33,866,087
income
retirement/
—22-
credit
Total
Dr98,301
excludes undistributed net Drofit of
Sheet (Entire System), Dec. 31
assets.
fund
33,934,421
33,964,388
of minority stockholders.^
paid
per
after
.
44,195,000;
'
tNet
i,
7,667.697
16.520.000
int. of minority stockholders
consolidated
Earnings
,
supplies
deferred
*
7,667,697
135,676,000
$5,673,577
„—
•Post-war
6,275,813
16,480,000
—
—:
tax
Net income iricl.
Dividends
balances
Miscellaneous accounts
Interest and dividends received
Other
—
fund—
27,803
etc.,
Working
—
1942 business——
and profit
surtax
125,516
physical property.—
...
I——————
investments————... -
and
•
savings
employees
pension
tax
profits
Net
taxes)
—
to
.
854,551,431 869,078,075
,——^—
than Federal income
(other
1943
sell., adm. and gen. exp, —. 733,582,952
adv.,
Repairs and maintenance
Depreciation — LA—-——:
Taxes
81
852,596,706 867.834,052
1,954,725
1,244,02?
income
Total
Jan.
1944
sales
Net
41,504
cash
current
Ended
.
Adjustment for int.
——
Years
Income
Consolidated)
Not
Companies
Insurance
Consolidated
a
$2,374,465
2,843,644
251,775
—
Other
total, $20,047,385.
$1,129,600;
share.
common
per
159, p. 114.
$7,607,905
2,759,523
250,818
$
S
128,465,629 127,113,690
Donations and grants
—
Cr304,946
:
—
Deposits in lieu of mortgaged property sold—.
119,879
119,879
Investment in affiliated companies.—...
4,366,011
4,374,395
Other investments _i.
6,975,761
6,975.095
consoli¬
not
Dec. 31, 1943), $407,494;
amortized over five years;
amortization
patents,
Co.—See
$349,391
$8,720,644
2,757.092
248,470
equipment
and
Road
facilities
fixed assets
subsidiaries
emergency
$107.85017
and
expenses
profits
excess
$176,310;
accounts
to
$4,846,047;
Liabilities—Accounts
of
doubtful
wholly-owned
$118,691).
$291,067
$3,902,922
$1,740,432),
for
$4,228,964:
post-war
and
payments
(including
reserve.
(less
Timber
220,432
$5,713,794
tDeficit.
Tax
Assets—Gash-$6;269T108; U,-S. cert.ificates._af indebtedness. $640,000;
accounts
Fork
West
$432,196
1,829,478
395,742
profit
Other
Sheet, Dec.
to
—
revenues
$2 795.591
78,874
—
outstanding.
--
interest
accrued
—
Operating
112,834
charges—
Unmatured
Taxes in
and
par
Savannah Electric & Power Co.—Earnings—
$7,495,071
Non-negotiable debt, to affiliated
Loans and bills payable
$544,067
•Net
•After charges and
payable
Period Ended Dec. 31—
105,279
Bonds——.
profit
tEarnings per comjnon share
at
companies
3%%
notes
$8,615,365
income
Miscellaneous
Other unadjusted
share.
com.
per
555,735
555,728
694,655
694,906
dividends
Surplus
Earns,
$4,361,489
appropriations
Miscell.
Material
$2,236,492
_
dividends
Privately—
debentures, dated Jan. 1, 1944, and due,
announced by President Ferguson.
Proceeds
bank loans and funded debt other than $900,000
Excess
$10,944,778
2,754.663
debt
„
251,100
unfunded
on
Other
Preferred
3,811,752
4,160,940
Agents' and conductors' balances—
7,915,000
Cr444,000
taxes..
refund
last year.
been
retire
Contribution
funded debt
on
Traffic,
profits tax
has
to
268,922
Special deposits
400,000
240,000
&
inc.
of
business outlook continues favorable
159, p. 1290.
$4,630,411
1,834,820
income—i
Gross
Cash
adj.
post-war
for
excess
V.
$9,431,580
1,936,509
income. $10,677,148
income
267.630
non-oper.
Temporary
54,999
for
Post-war
used
1959,
274,307
——
Miscellaneous
C?-471,153
—_
years
*Prov.
1,
$9,157,273
—————___
of
facil. for prior
certain
Prov.
35,067
64,624
68,213
amortiz.
of
ahead
30%
material
raw
insurance
15-year
Assets
78,962
income-
income
'
1,322,337
1943
to
equlv.
deductions
for
flAdj.
$5,683,827
Condensed Balance
profit—
1943
Miscellaneous
four
to
inc.— $14,838,087 $12,427,116
oper.
oper.
ry.
Total
wholly-
of
Total
Jan.
debt
deficit
Credit
sale
$14,481,525 $12,109,933
356,562
317,183
income
ry.
Adjust,
Income
—_
payable
Net
its
961,837
$14,958,176
$34,483,349 $25,399,890 $10,729,849
20,001.824
13,289,957
1,572,576
income
to
^Research, develop, etc.,
Net
3,754,093
1,048.986
7.640,965
1,008,467
4,734.965
1,163,140
12,066,426
1,242,175
$29,895,565 $23,314,307 $17,526,197
—
accruals
Interest
150,000
doubtful
,
1,479,890
—
expenses.
earnings
Rents
Special compens., empl.,
Prov. for
and
Renegotiation settlement on
sales $10,664,007 $11,269,613
1,232,104
977,415
exp.
on
adm.
&
gen..
etc.
oper.
Total
332,116,889 $25,625,376 $11,583,924
22,332,887
'
1,110,915
4,142,504
20,847,275
goods sold
Gross
3,339.221
3,408,700
1,004,330
6,244,088
Report-
1942
allowances $32,996,894
about
ran
enlargement
the
that the company's
$10,000,000
v
General,
less cliscts
&
returns
The
of
$20,642,003
4,073,085
4,107,600
5,266,645
6,357,555
1,270,957
15,520,517
expenses
Operating
1943
$64,646,544 $48,714,198 $28,256,047
equipment—_
of
Traffic
Rent
sales
$19,422,734
377,111
538,850
303.508
& struct.
116,102
159," pT 976.
Years End. Dec. 31—•
1940
1941
1942
$96,511,634 $97,286,616
Rustless Iron & Steel Corp.r -Annual
Gross
revenue—
oper.
of way
Maint.
Tax
-V.
quarter
New
to
latter
the
at
to
difficulties and said he expects*
production to continue at present rates because of its essential nature.
Profit
$58,968,245 $45,192,481 $26,644,830
3,874,724
2,306,578
662,443
1,535,945
677,926
603,466
267,630
537,212
345,306
Transportation
11,363,198
4,702,791
,
1
Calendar Years
1,500,599
„_—
Earned
etc
etc.
451,433
—
—
first
He indicated
Y„
N.
meetings
given
was
despite manpower
Expenses—
Maint.
——
—
—
express,
Mail,
561,501
...
„
the
Watertown,
annual
also
Sales
Freight revenues
36,998,000
159,083
588,366
Customers' deposits
-----137,210
Taxes accrued
1,387,343
interest accrued
446,949
Dividends on cumulative preferred stocks
96,667
Deferred
credits
1,454,669
Reserves
—:
—
—————**
14,963,461
Contributions in- aid of. construction
—1,115,887
receivable
accounts
Other
York City and to
location.
of corporate powers
to cover the company's newer fields of business and a plan for theissuance
and
sale
of
250,000 additional common shares to officers
and. employees at $5 a share.
'
R. K.
Ferguson, President, advised stockholders that business for
from
future
80,000
preferred stock——
preferred stock
stock
Premium on 5% series E preferred stock
Long-term debt
—
Associated companies'
accounts receivable—
6%
stockholders
company
(not included in
freight carried
for
Earnings
Consolidated
$14,383,208
2,700,000
16,000,000
—,
the
1.2409
of
tons
1943
.
Principal Office—
on
April 14 approved a plan of recapitalization
designed to eliminate arrears of dividends, amounting to $70 a share on
the presently outstanding 7 %
preferred stock.
The
stockholders
also
voted
to
transfer
the
principal office of
Net oper. revenue
Liabilities—
stock 1
,
Approved—r
per
977,047; 1940, 921,377.
Common
1597.
p.
Maintenance
Operat. exps. per
710,699
630,550
3.4648
36,584
$96,511,634 $97,286,616
Total
159,
St. Regis Paper Co.—Recapitalization Plan
pel-
revs,
mile
$87,783,788 $87,832,816
746
80,930
3,505,670
5,260,088
16,342
4.205
1,700,000
600,000
1,356,504
1,501,195
1,293,832
1.217.741
144,017
159,126
debits
Deferred
324.53
$19,422,734
road—
mile
Operat.
1942
1943
—;
Accounts
353,34
$26,644,830
3.8093
revenues
Operat.
.
hand—
on
367.87
$45,192,481
mile of road
train
t
banks and
in
397
$58,968,245
per
Operat.. revs,
Dec. 31
Sheet,
Assets—
Cash
1,096,382
—
rev.
Operat.
Property, plant and equipment
Investments in securities
Special funds
1,658,552
ton
per
of
853,505
refund.
Special deposits
3,110,528
expenses
mile
Operat.
Balance
Vice-President
General
General
Greenland,
viz: S. W.
„
miles
rev.
162,000
1,031,226
200,000
deducting $51,600 post-war
•After
unchanged,
are
Manager; T.
E,' Francis, Vice-President and
Evans, Secretary-Treasurer, and J. D. Evans,
non-interest-bearing
mile
mile
162,000
1,031,226
200,000
——_
Auditor.—V.
<
-
W. T.
Vice-President.
was
Daniel
were
2,689,988,461 1,819,248,114
3,815,531
rec.
—
108,000
D—w'——1,007,484
,
200,000
series E—_
common
stock.
the
„
train mile
series C———
series
On
$2,277,784
stock:
6%
5%
5,605,719
amt.rec.fr.
Freight
6%
General
Counsel;
Debentures Placed
freight rev.
per
$2,682,026
7,613,080
carr.
ton
1
36.972
(cash):
cumulative preferred
On
$3,090,453
————.
13,669,705
each ton of frt.
Cr33,758
35,428
$0.0182
6,150,177,492 5,028,635,464
Aver,
'
37,444
$0.0181
carr.
Total
——
$0.0191
road
of
Cr33,6l6
86
of
and
previously
Average dist. haul
6,410
Cr26,517
$0.0187
mile
Freight
Dividends
$1.8242
$2.9427
Wilson
staff
bers
carr.
of
No.
1,230,957
Cr26,517
—
discount, premium
and expense (net)
i—
Federal tax on bond interest
Interest
charged to constructionAmort,
/
•
$4.8804
$3.5681
mile
one
$3,584,85b
$3,937,054
1,330,703
I
debt.
„—.
long-term
on
'
.
15,479,878
per
Bedford
freight earn.
1 mile, per
Interest
$377,111
-
revenue
$3,577,412
9,427
——.
(net)
income
100.49
$662,443
rec.
tons
of
No.
No.
Other
rev._
amt.
pass,
1,028,000
*464,400
profits taxes
excess
162.37
from each pass.
1,926,759
2,148,691
1,115.600
2,091-830
1,456,900
equip.
of property, plant &
income taxes—
tion)
22,536
255.71
$2,306,578
Aver, receipts per
(deprecia¬
retirement
for
Provision
Federal
12,520
74,756
191
$3,874,724
carr.
pass.
Aver.
Claude
Approval
128,764
dist.
Total
20,774,455
elected President to succeed
was
On April 3,
M.
Gray was appointed Operating Manager and Thomas B*
was made Assistant Operating Manager.
The remaining mem¬
conduct
(miles)
revenues
3G,551,003
mile
road
Aver.
—„1—— $20,416,826 $19,132,469 $17,799,699
7,701,279
7,003,491
6,750,258
Operating expenses
;
288,692
318,925
394,058
Power and gas purchased
1,488,003
1,260,307
1,322,868
Maintenance
„———.u—Operating
120,085,958
.
carr.
pass.
mile, per
1
'
Corp.—Earnings—
& Electric
Rochester Gas
207,553,546
mile
of
206,724
carr,
pass,
one
1940
1941
225,114
31, John L. Wilson
Mr.
The.
31
1942
472,624
1943
1,085,949
car-
earn'g rev.
No. of
No.
Years Ended Dec. 31—
pass,
ried
1390.
p.
of
No.
President
Call,
March
On
Rossell.
To Move
Ry.—Annual Report—
Statistics, Years Ended Dec.
Traffic
'
of the R'., P. &
in his annual report
on
April 17 that in 1943 net income was $5,307,284, an
of 32.18% over the 1942 figure, the highest ever recorded.—
Norman
V.
Di-
Potomac RR.—New
&
for Federal
serve
President, Etc.—
St. Louis Public Service Co.—New
than
(other
(George) Putnam Fund of Boston—Net Assets—
1944
Monday, April 24,
& FINANCIAL CHRONICLE
THE COMMERCIAL
1698
Reserve
Reserve
for
for
uninsured
Reserve
for
other
for
-
—
—
taxes—_i
prior years'
Reserve
Reserve
Federal
than
other
taxes,
accruals
Other
and
purposes
stock
surplus
—:
for
$3,502,511
and
in
possible
shares
1943
and
amount
by
p.
looses
of
outstanding
stock
par
U.
S.
1597.
in
1942.'
$382,968
$59,128,377
Treasury
and
tLess reserve
14,373,308
6,931,242
1,500)000
2,944.236
26,286,993
28,500,000
—'
944,284
846,179'
186,880,557 183.781,137
109,152,084 100,000,000
405,595,739 386,586,781
SS.OH.SSO1 hi
doubtlu,l accounts of
for collection and tmiealtLess reserve for
in
no
1943
par
and
$525)899 Tn 1942"/'5 Capital"
shares
in
1943
and
reserve for depreciation of
1942.
ttFederal income taxes
tILess
$77,439,776- in
of
2,545,938
11.387,438
1943 and $104,455 .in 1942.
5,837,968
194&
—
—
collection
ized losses-nf $100rQOO in
—
—
—
reserve
in sub. cos,—
—
Total
1943
—
contingencies
of minority stockholders
•Less
)
post-war adjustments.—
for
Interest
Earned
)
—
Reserve
SCapital
1,500,000
risks—i—
—
20,663,752
in
1944
and
tax notes of like
5,780.774 no
$85,786,339 in
accrued in the.
1943 were offset
$63,743,000 in
amounts in both years.—V.
159,
Volume
Selected Industries,
-
On
March
bank
31,
$4.20
and
and
1944,
of
with
compared
year
1943
$101.86
Av.
share of prior stock and $1.06 per share of convertible stock at
Dec. 31, 1943, and $93.40 per share of prior stock at March 31, 1943.
''
Company's holdings of cash, Government securities and good grade
bonds and preferred stocks amounted to 14% of net assets at March
31,
1944.
An analysis of the
security portfolio shows that bonds
for
about
21.6%
and
in
common
the
10.3 %
of
stocks
common
stock
ried
Avge.
Tons
Earnings
Quarters
for
Ended
Dividends
297,008
353,707
41,336
41,631
,
,
88,424
Divds.
1944,
$275,893
~~7~576
$285,815
335,233
unrealized
appreciation
investments
of
March
1943.
Balance
Assets—Cash
securities,
in
banks,
for
dividends
securities
and
and
in
investments
$400,000;
ceivable
interest
other
for
$28,410,335;
1.129 cents
mile.
1.145 cents
1.104 cents
1.101 cents
Account
for
for
1942
1941
$
Operating
Operating
1940
172,799,049 156,635,034 116,520,375
14,232,778
36,265,338
57,660,241
392,867
531,164
1,509,371
for
$51,200;
re¬
4,138,709
2,200,098
Net
9,177,690
total
1,672,204
1,547,486
1,180,391
1,189,422
1,090,432
3,009,923
1,580,665
1,134,793
635,892
581,884
750,974
-
Net
500,568
26.916,811
37,125,333
19,662,842
13,985,804
30,809,516
24,432,818
2,139,416
1,073,744
54,817,747
43,502,952
1,814,583
986,144
686,467
4,276,139
3,500,178
3,293,006
invest.—Cr_
from
136,604,153
113,746,737
88,547,313
and
90,853,844
51,379,121
1,
■/'
*41,488,395
1,608,716
15,552,068
other
2,246,227
H. F.
Sinclair, President,
from
800,169
73,183,141
44,593,026
18,589,140
46,265,818
32,789,981
south
area
of Oklahoma
duction; he said.
At the
Mr.
funded
City,
and
/'•
a
potential production
of
barrels
Purchases 716,323 Shares of Its Own Stock—The New
York "Times" of
The
and
from
holding of the
the
about 700,000 shares of
Rockefeller interests.
This
was
in the Sinclair organization.
group
26,817
33,478
its
1,627,986
1,608,848
non-oper.
gross
1,149,892
901,994
546,028
359,469
106,557
48,960
67,099
32,969
43,754
34,599
2,843,218
3,180,404
2,879,630
May
25
stock
will
about
was
be
49,446,222
35,669,611
placed in the corporation's
for
leased
!
roads..
2,996,100
2,618,373
2,679,516
income
32,310
68,782
32,507
78,005
It
.
planned
was
holdings
last
fall
sell
to
part
a
305,691
330,171
334,949
April
on
This
19.
stock,
parent
the
charges—
Total
avail,
19
declared
the
during
1943
were
Investment
and
large blocks in several Standard Oil
by John D. Rockefeller, Jr., through a nation-wide
sale
was
Mr.
Rockefeller
not
consummated
wished
to
because
of
increase
his
organizations
syndicate,
'
At the close of last
of
its
stock.
own
troleum
but
In
the
legal difficulties,
It was said
investments in United States
Government bonds.
,
held
••
3,390,455
3,049,636
3,124,978
Net
Cash
received
the
of
Corp. of America,
among
other securities,
31,351
shares of its
stock.
own
32,544,633
21,002,731
announced that, with the closing of the
of the 716,323 shares of its stock from
company
purchase
the Rockefeller interests; it had in its
treasury 1,104,119 shares of its
stock, leaving outstanding with the public 11,824,085 shares.]—V. 159,
p. 1597.
4,281
quarterly dividend of 30 cents
common
stock,
•Previously,
par
the
$5,
per
share has been declared
on
*
dividends
per
After
111
in
payable May 25 to holders of record May 15.
paid dividends of 50 cents per share each
company
quarter.—V. 159, p.
114.
(%%%
.
,
12,209,507
This
carried
corporation
of
President,
report
69%
announced
to
in
1,943,
revenue
15,374,615 carried
April
on
performed
service
25,922,316
The
total
a
in
19
of
1943,
1943,
1943
an
high
in
1941.
miles
the
company's
of
war-time
history.
This compares with
40,104,262 bus miles In 1942 and 31,357,074 in 1941.
The company owned 519 buses at the close of
1943, compared with
459 at the end of 1942.
Taxes
867,065
of
absorbed 39 cents for
each
dollar
being the equivalent of $3,372
common
stock
of
per
the total of $7,employee, $28.99 per share
revenue,
and, 30 cents per passenger carried.
;
„
.
In 1943, the
company retired all of its outstanding equipment obliga¬
preferred stocks at a cost of $1,811,791 from treasury funds,
outstanding capitalization of the company at the year-end was rep¬
resented by 271,409 shares of common stock of the authorized issue of
_
of $5 par value.
For comparative income account and balance sheet for calendar
years
in
Southern
Canada Power
Period End. Feb.—
Gross earnings.'2,
Operating expenses—
t
•
■
■
i.Net
—V.
.
c
earnings
t.j
$279,025
$261,805
97,011
■■
86,528
——
$182,014
_______
-
'
1944—5 Mos.—1943
$1,300,475
$175,277
$1,333,206
520,012'
432,272
'1
—
$780,463
$900,934
159, p. 1598;
Investments
in
Southern New England Telephone Co.—Earnings—
revenues
Uncollectible oper.
1944—Month—1943
1944—2 Mos.—1943
$2,440,408
rev._
,
—
$2,307,217
$4,922,826
$4,582,552
8,000
1,500
16,000
2,500
$2,432,408
"$2,305,717
$4,906,826
$4,580,052
-1,742,120-
417,421
434,711—. 3,526,183-
535,393
812,931
2,953,478
974,686
Net
—V.
oper.
income
income
$272,867
$335,613
$567,712
for
224,210
347,593
428,196
June 1,
159, p. 387,
1943
$364,509
38,700
13,848
on
■_
•
8,737
10,080
$388,437
_____
79,668
88,148
$382,216
$300,289
296,472
291,523
_
—
period
provision has
been
made
In
the
three
months
ended
1944, for Federal income taxes, since the corporation elected
to become a regulated investment company and intends to dis¬
during the year approximately all its taxable income, including
gains, and thereby incur no Federal income tax liability.
Asset Value
and
equipment—
■■■■''
'
balance
affiliated
cos.:
Stocks—
1942
365 ,479
23,042,949
23,042 061
13,285 ,263
363,677
463 ,677
13,342 648
241 624
196, 000
and
Balances
due
from
Material
48,584,899
Interest
and
dividends
current
Working
Insurance
—_
advances——
and
other
deferred
1,922,934
1,334, 334
12,540 500
9,489 184
414,821
205 135
funds
assets——
32,359
31, 659
180,775
—_
180, 775
(par
$100)
(1,254,699
$48,993,547.
$48,993,547.—V,
total,
1
;
Sterchi Bros. Stores, Inc.—Sales Increase—
1944—Month—1943
Period End. Mar. 31—
Net
sales
tively,
March
under
the
Furniture
159,
$1,071,812
31, 1944, decreased 90.99%
periods of 1943. '
and 88.83%,
respec¬
same
of
for
the
month
1943,
and
18.13%;
sales
net
than
greater
—V.
1944—3 Mos.—1943
$1,170,985
$383,933
appliance net sales for the month of March and the three
ended
months
$451,412
—
Electrical
March,
March,
higher
1944
for
the
were
three
25.20%'^
months.
1391.
p.
Superheater Co.—Earnings—
(Exclusive of Canadian Affiliate)
1943
1942
1941
$977,965
112,997
$645,481
$424,691
111,215
109,532
123,550
$2,259,427
$1,090,962
$755,014
$548,241
37,383
30,311
24,070
Quarters. End. Mar. 31—
Profit
Inc.
from
operations^
other
frcra
Total
1944
$2,148,212
sources
income-
gross
Depreciation
and
plant
on
properties
Normal Fed.
Excess
and
60,000,000
obligations.,
bills
and
wages
accounts
payable—.
interest
tax
476,000
210,000
130,000)
profits tax—_
871,000
475,000
10,900
7,800
$861,763
$364,750
$328,143
26,230
265,000]
13,281
income
tax
—
187,400
accrued.
1,463,628
___
.".
1,561,655
204,192
.
_I_
154,851
36,147,877
739,462
on:
j
Road,
defense
projects—road
4,886,283
899,986
826,985
42,172,798
777,612
„
86,705
9,195,556
5,127,261
869
.1"
credits—
for
additions
_
10,253,886
7,470~367
to. prop¬
June 30, 1907
loss—Balance
'
—Six Months Ended—
Net
Feb. 29, '44
production
Oper.
etc.
general
&
Operating
Year Ended
Feb. 29, '44
$8,906,575 $21,578,266
4,018,534
■
(net)—
income
Total
Feb. 28, '43
rev.___—.$11,495,740
oper.
2,945,474
7,603,401
$7,477,206
$5,961,101
$13,974,8^
89,042
295,399
expenses—
profit
Miscell.
income
178,457
—
for
erties
$6,050,143 $14,270,260
1,343,025
3,456,550
262,500.
846,020
1,623,477
908,347
<H*fel0,680
262,500
interest
Debenture
Prov.
$7,655,663
& depreciation-
depletion
Intangible
develop,
Rents of undevelop.
expenditures—
leases
abandoned
& prop-
Fed.
profit
normal
taxes——
before
inc.
tax
&
525,000
2,235,366
6,428,251
.
—___.—.—--
1,;,
Net
3,749,069
120,598,184
759,883,030 694,001,479
1598.
Net
Net
$1,685,241
surtax—
profit for the period--
profit
*Final
31,
6,519,180
136,728,483
Total
p.
Superior Oil Co., Los Angeles—Earnings—
Period—
t
1,654,610
o.i..,——
$2,707,466.
—
$3,427,033
*200,000
—_j
$2,507,466
$5.93
$3,427,033
36,472
projects-—equipment
surplus
appropriations
$334,611
158, p. 2367.
1,594,423
1,937,743
45,483,297
;
757,646
5,398,890
2,090,296
;
,
Equipment leased from other companies
159,
791,706
2,828,890
70,692,484
liabilities
accrued
income——;
1,713
Amortization of defense
and
1,022,500
2,250.000
Equipment, owned
since
2,102,785
2,250,000
reserves
unadjusted
10,271,988
45,010
liability
of
17,620,422
2,791,415
—_
liabilities
Amortization
550,605
;
Unmatured rents accrued-current
769,307
declared—^
dividends
Unmatured
1,965,834
3,026,590
;
payable—jit+
unpaid—:
Unmatured
35,205,000
550,605
payable
matured
Denredation
—V.
60,000,000
33,723,000
obligations———————„
accounts
tax
4,350,100
215,446,000 223,475,000
trust
1S43
'
per
Net
share_
provision
was
ended Feb.
for
—_—_
Federal
$1,685,241
$3.98
income
taxes
for
the
year
—
ended
Aug.
all of which was allocated to the six months
TNo provision required for this six months period.
$200,000,
28, 1943.
production
of crude oil during the six months ended Feb. 28,
1943 was 6,474,800 barrels, and in the six months ended Feb. 29, 1944,
7,668,400 barrels.
Net production of crude oil during February, 1944
averaged
/
*
159,
127,906,100 125,469,900
par)_
no
stock
equip,
Audited
-V.
;■ '
:
1,261 004
1,913,900
shrs.,
debt
Miscell.
erty
total,
$15,678,077;
1486.
p.
Net
stock
Preferred
Special
$41,515,007;
surplus,
$32,906,822;
Capital stock
Common stock
Other
1944
$6,191,102; U. S. Government securities, $1,$83,099; dividends and interest receivable.
759,883,030 694,001,479
Common
Other
par),
6,045, 662
Liabilities—
Loans
Shr.
$44,448; other accounts payable, $1,001; common stock (592,943 shares,
4,275,646
Total
banks,
other securities,
$106,789;
10,244,258
:
Unadjusted debits
81.94
163 475
311,977
receivable—r
assets—
fund
in
1,844 548
16,426,773
receivable
and. supplies
592,943
——
per
accounts receivable,
097,550;
4,929, 197
11,867,711
agents and conductors—
accounts
$78.5g
Balance Sheet, March 31,
27,054 338
3,711,730
balances—Dr—
24 643
3,890,859
service
1944—
596,319
23,907 594
64,000,000
__
car
109
17,344
27,534,027
___ _____
31,
Assets—Cash
262 ,793
221,759
—
Value
$46,865,526
1943————————
2,740 614
14,308,262
Stocks
;
Special deposits
March
no
13,125,263
,
31,
Liabilities—Management fee, $61,178; reserve for taxes, $5,550; divi¬
declared, $296,472; accounts payable for securities purchased,
——————i_———
Advances
Dec,
Outstand'g
dend
5,196,000
Notes
Other
1942
2,740,614
,
Cash
Other
the
578,806
—
investments;
Traffic
of
421,632
______
,
No. Shares
Asset Value
$3.35
31
—
.:
Net
__
555,052,852 551,049 ,163
—
Share
per
Net Asset
;
$
$651,888
180,467
159, p. 1190.
Dec.
Bonds
Profit
'
Net
Sheet,
—————
Unearned
Operating revenue's
Operating.-.expenses.
Operating taxes-^
the
V;.-,'
—
Notes
Operating
Operating
of
of
Bonds
Deferred
c;'t
Period Ended February—
Out
mortgaged property sold
physical property
Miscellaneous
Accrued
■
1,
and
1
1944
(none
class)
same
____
31,
1943
profits tax of $5,508,-
excess
1943
Interest payable Jan. 1
Dividends matured unpaid—
Co.—Earnings—
1944—Month—1943
.
$12.61
$23.41
Balance
•',•
funds
in lieu
Interest
«
road
reserve
Deposits
Miscellaneous
1942, see V.J59, p. 1486.
record
March
$414,446
•
dividends
as
j :'
1943.
General
Investment
______
.
__
1942.
7,352,072
dividend of $2 per share was declared Feb. 23,
a
1,
in
•;>
Equipment
417,320 shares
of
$461,884
918,367
19,369,894
:Vr
Funded
<
2,596,400
v $15.81
post-war refund of
$900,000
Assets
tions and
•
3,000,000
____
of
payable April
The
1943 and
and
Miscellaneous
1942, Guy A. Huguelet,
the company's annual
carried last year'
bus
3,000,000
share—
com
deduction
earnings ($30,388,868)
passengers
50,447,579
new. record
a
in
passengers
the total carried in
over
of
in
releasing
number
increase of 176%
an
lines
travel
the
stockholders.
represented
The
over
share
per
on
12,732,292
965,232
33,388,868
Temporary cash investments
Southeastern Greyhound Lines—Passenger Traffic Up
69%.in 1943—
....
; ;
•,
increase
23,528,589
„
dividends——
Common
Other
the
new
Corp.—Quarterly Report—
dividends paid
tribute
—
——
debt—)' 11,664,650 (11,923,770
obligs—(
j 1,083,949
•"•Profit
Advances
Soundview Pulp Co.—Reduces Quarterly Payment—
A
cents
holders
paid
March
—
taxable
on
,
Special
tOn April 19, the
transaction for the
Cali¬
that the
50 cents each.—-V.
1,
bonds.
on
income
March
2,959,854
46,396,587
debt
*>,7
year the Sinclair corporatiqn held 443,940 shares
February of this year it received from the Pe¬
50
to
1
share
per
dividends
Expenses
in
discount
of
Earns,
Center
June
follows:
as
1 and Dec.
being
shares.
Rockefeller
the
50-Cent Dividend—
dividend of
a
$5, payable
with 25 cents
and Sept.
Street
Total
32.204
35,197,520
income—
funded
by the Rockefeller Center
formed
said
company,
par
compares
Payments
stocks
338,683
.
deductions —
Preferred
of
has
it
159, p. 643.
common
Interest
105,005
debt.
Total
equip,
The price paid
that
Note—No
i
on
Corporation, which recently amounted to< about 500,000
1598.
For the future, he said that the new company
bridge for reconversion from war-time to peace-time
a
Income—Cash
2,483,961
33,336
55,328
rents—_
unfunded
on
on
treasury.
the
to take over the present functions of Standard's
President of
directors
State
23,962,585
Int.
the
present market quotation.
The shares purchased included those held
in
(Del.)—New Subsidiary
announced
17
3 Months Ended Mar. 31—
Deductions—
Int.
April
.
the
companies
processes.
as
cents each;
2,505,291
38,587,975
Int;
time
operating
primary
Securities
inc.-
cap¬
the
utility
the
and
the
last.
income—
virtually the entire
For
public
1,595,122
552,832
10,007
Total
funded
own
the
Standard Stoker Co., Inc.—To Pay
27,239
accounts-
Total
Amort,
April 14 had the following to say:
corporation has purchased
ital stock
of
unfunded
day.—■
a
52,603
on
,
Collier,
serve
The
on
215,022
Miscellaneous
Misc.
17,000
output
at
weapons
20,181
221,044
secs._
from
securs.
present time, the company has 76 locations drilling or rigged
Sinclair remarked,
In the first quarter of this year 49 wells
completed with
were
,
\
! 21,551
1,628,067
income———
from
Rent
up,
23,414
212,768
26,405
Dividend
Income
being actively developed for deeper pro¬
are
D.
would
physical
Inc.
,
39,012
road
*
Miscellaneous
is the West Moore
36,713
the
21,457,294
income
promising
areas
35,985
A.
on
West Texas that
$80,223
11,577,921
35,744,757
227,427
of
lease
rent
April 17 said that producing subsidiaries
of the corporation had embarked upon, a greatly expanded
drilling pro¬
gram, including a large number of wildcat wells in unproven areas.
Mississippi, Michigan, Ohio and Kentucky are included in the program
of expanded drilling operations.
Last year the company accumulated a
large number of blocks which are now to be drilled.
Among 30 or more
blocks in
$62,319
purpose will be to unify and place still more re¬
disposal of Standard's widely expanded program to im¬
prove present products used by the Army and Navy, and to devise new
2,386,269
790,845
.
1,137,188
expenses-
property
a
.
$49,787
18,465
company's
8,391,483
2,095,788
1,008,842
*70,437,236
rents
Misc. non-oper,
*.
Sinclair Oil Corp.—Expands Drilling Program—
46,384
$31,219
and manufacturing
parent concern, will be Chairman of the new subsidiary and
Halloran, now Manager of the research and development depart¬
ment, will be President.
33,035,214
equipment
facility
Misc.
common
Nov.
198,002
125,976
1190.
company
of
72,870,181
108,927,898
oper—
—_:
for
Inc.
$15, payable May 1 to holders of record April 20. A similar
made on Feb. 1, last. Distribution^ were made last year
cents each;
219,041
23,106
patent and research and development departments.
R. G. Follis, Vice-President in charge of research
33,413
expenses-
oper.
Total
was
-
95,811
63,387
income
operations.—-V.
Sierra Pacific Power Co.—35-Cent Distribution—
30
$324,609
Standard Oil Co. of California
The
35,868,238
2*309,140
5,495,269
——_■
.
rev.
Taxes
r
as
follows; Feb. 1, May 1 and Aug. 2,
year-end of 35 cents.—V. 159, p. 1597.
$407,336
fornia Research Corp.
'
the
$168,704
__
18,001,067
2,305,909
62,008,204
-
Operating income
Non-Oper. Income—
on
1,200
$200,732
106,126
$325,809
corresponding week last year, an increase of 2.8%.—V. 159, p.
13,081,071
reserves
159, p. 485.
declared
1,400
taxes
Electric
sources
Hire
par
rev._
Standard Gas & Electric Co. system for the week ended April 15, 1944,
totaled 182,547,000 kwh., as compared with 177,604,000 kwh. for the
139,926,434 105,905,395
245,532,051 204,605,581
revenues-
operations—
for
Joint
payment
$408,736
600
Standard Gas & Electric Co.-—Weekly Output-
921,444
4,247,988
2,749,396
Total
loaned
bank loans due March 1, 1946.
unrealized profit on sale of when
stock ($25 par), $6,045,000;
$2,121,585; common stock
($1 par), $2,056,940; surplus, $12,103,362; treasury stock
(650 shares
$5.50 cumul. prior stock—at
cost), Dr$44,793; total, $30,043,341.—
stock,
1944—2 Mos.—1943
$169,304
700
income
R.
expenses, taxes, etc., $29,274;
2% per annum, $6,900,000;
dividend of 35 cents per share has been
1944—Month—1943
$201,432
expenses
—V. 159, p.
313,408
3,855,228
2,536,483
______——
oper.
Trans,
interest
A
19.
The company got a similar
close of the first year following
1942,—V. 159, p. 1080.
Sept.
the
at
Sept.. 19,
3,718,346
4.847,555
facility—________
General
issued contracts, $37,659; $5.50 cumul. prior
$1.50 cumul.
convertible stock
($5
par),
V.
compliance
Associated Telephone Co.—Earnings—
revenues
Net oper.
88,591,660
H.
against cash,
for
$
divi¬
$373,359;
payable, $354,359; due for securities
due for securities purchased, $388,755;
to
deadline
—_
oper.
Operating
$30,043,341.
Liabilities—Dividends
19
1943,
on
February—
revenues
Uncollectible
Years
Calendar
$
:
Miscell.
$349,525';
deposits
securities,
sell
to
Government
redemption,
special
$126,260;
agreements
contingent
securities,
called
and
sold
receivable,
S.
Operating
38,416,299
Transportation
U.
19,
the order
Period Ended
•
50,613,150
Traffic
investments in
$383,861;
Sept.
on
the
extends
Operating Expenses—
1944
March- 31,
Sheet,
'
.
transportation—
Total
from March
the order
of
Commission
the
Southwestern
•
.
61,330,812
Maint. of way & struct.
Maint. of equipment™
31,
on
$3,578,739 or $782,560 more than on Dec. 31,
was
,
61,747,215
Express
347,194
of
per
Incidental
:
336,606
'
with
$306,125
!
cum.
.
dends
$250,293
stock
Note—The
•
___
Other
331,588
$5.50
on
preferred
*
;
—'
2.03 cents
2.21 cents
mile
Mail
95,409
"V, 210
8,515
-
inte¬
1935,
-1.74 cents
action
issuance
—15,300,520,696 13,677,367,475 10,558,709,260 8,049,214,280
per
Joint
income
1.81 cents
This
extension
Operating Revenues—
Freight
Passenger
Misc. passenger train—
39,500
7,036
Net
528,817,231
comV>
Public Utility Holding Company Act of
per
rev.
ton
$409,110
$383,450
$339,940
34,498
______
787)760,102
freight)
Avge.
377,010
expenses
1,787,627,108
(rev.
1
(rev.
$32,100
Taxes
6,594
mile
per
carr.
Tons
divest Itself of ownership and control of certain
properties in order to comply with the geographical
company
gration provisions of the
4,234,270
1943
$29,742
$358,763
Interest. L_4
6,552
5,311,826
Income
316,256
_
6,519
..
$42,931
the
panies and
10,188,896
1941
1942
comply with an order of the Securities and Exchange Commission that
*
2,605,816,163
31
$34,139
_____
Total
General
of
1940
car¬
freight)
8,368
Income—Interest
•
March
1943
1944
Taxable securities
stocks
by
1941
6,514
mile—
rcpts.
pass,
assets, preferred stocks about
63.3%.
The
principal '•holdings
represented
are
1
1942
14,678,774
oper.
carried
Passengers
companies
in the oil industry, accounting for about 9.2% of gross assets, railroads
and
other transportation for 5.5%,
public utilities for 5.1%, retail
trade for 4.3%
and building equipment and renovation, 4.2%.
■ V
'
group
miles
Pass,
gross
about
Company received an additional six months on April 17 in which to
Operating Statistics for Calendar Years
per
accounted
Southern Union Gas Co.—Extension Granted—
Ry. — Annual Report—The results for the
1943, together with the remarks of Ernest E. Norris,
President, were cited in our issue of April 20.
deducting
with $31,530,463 at the
1943.
The net assets at
per share of prior stock
before
company,
equivalent to $107.39
of convertible stock as
were
share
per
assets
net
1679
Southern
Inc.—Quarterly Report—
the
$32,798,491 as compared
$30,671,853 on March 31,
were
1943
March
1944,
31,
loans,
of
end
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4275
159
43,100 barrels
per
day.—V.
159,
p.
1391.
Superior
Frank
During
representing an increase
and the highest in the
approximately 52% over the previous year
history of the company. Sales of new product,
steel,
copper alloy clad
80% of the tctal sales for the year, as
60% in the previous year. During the
last quarter of the year 1943, there was a decline in the volume of
sales, resulting principally from the cancellation of certain contracts
for
war
materials.
However,
the outlook for sales volume for the
approximately
represented
approximately
with
compared
19441,
sales
at the present time (March 20,
the basis of an annual volume of approximately
recently improved, and
1944 has
year
on
are
$20,000,000.
,
...
•
(March 20, 1944) negotiating for a
revolving
known as a "VT Loan," in the amount
of the loan being to assure the company
of adequate
working capital in the event of a withholding by the
United
States Government of amounts due under contracts for war
the
purpose
1944
Interest
income
Dividend
272,437
$33,178
255,635
—
sales
Net
of
Cost
•
excl. of deprec.
goods sold,
339,920
293,494
(incl, amortiz.)„_
Net
$6,243,547
$2,290,204
192,020
Income taxj.,—_and surtaxes—
profits taxes——
230,000
Penn.
net
corp.
normal
Federal
Federal
excess
$653,358
"$438,184
$573,295
211,459
864,817
1,303,001
beginning of year
Famed surplus at
Jl,400,000
tl,407,000j
855,000
for the year
Net income
$455,000.
of
credit
Sheet,
Balance
Assets—Cash
hand
on
and
1943
31,
Dec.
Earnings
accounts receivable, trade (including the U. S. and
governments and their agencies) (less reserve for losses of
;'$64,C36), $957,953;
duty recoverable from the U. S. and foreign
governments and their agencies, $98,854; inventories, $2,559,444; mis¬
cellaneous assets, $507,393; property (less reserves for depreciation and
amortization $3,519,025), $2,552,923; deferred charges, $53,579; total,
$10,421,185.
and com¬
and excess
profits, taxes, $5,100,000; other taxes accrued, $222,228; sundry ac¬
crued liabilities, $10,384; reserve for post-war adjustments and con¬
tingencies, $855,000;
reserve for workmen's compensation
(contra),
$52,392;
net excess of average issued value of treasury stock over
cost, $253; capital stock (par $100), $1,775,971; earned surplus, $1,740,-
31, 1944, was
159,
387.
p.
for
reserves
dividends payable,
cash, $17,600; due for
been
before
taxes,:
for Fed.
Prov.
inc. &
1943
1942
$642,124
30,000
$710,487
100,000
428,487
taxes
—
$183,637'
Profit
this
etc., $288,481; due
securities purchased,
Total
income
profit
Earns,
of
—
tax
Made
$462,534
profit
Common
per
Four
,
share_„
1944 income
Note—The
that
if
considered
reserves
—V.
$0.85
pany,
and Donald S. Sammis,
Works, have been appointed Vice-
31—
3 Months Ended March
Operating net profit
Prov.
Prov.
for
Federal
1944
inc.
tax
$218,562
60,000
55,500
54,000
surtax—
&
profits
excess
1943
$230,562
>
———:——
s
normal
for Fed.
81,700
tax
the com¬
have been
profit
♦Earnings per
the
"On
$103,062
$0.25
stock outstanding after dividend
$94,862
$0.23
——
share
common
shares of common
322,056
requirements—V. 159,
880; V. 158, p. 2087.
p.
The
TelAutograph Corp.—New Secretary and TreasurerRobert
nolds
1).
L,
formerly Assistant Comptroller of Devoe & Raybeen elected Secretary and Treasurer.—V. 158,
Spotts,
has
Inc.,
Co.,
2476.
The
hood
of
April 20 paid a dividend of $7 per share on account
the 7%
cumulative convertible preferred stock,
The company on
accumulations
of
$100,
par
*
record
30, $3.50;
Payments last year were as
Arrearages as at Jan. 1,
12.
April
and Dec.
$10.50.
23,
amounted to $17.50 per share.—V. 159, p; 1486.
1944,
Textile Properties, Inc.—Pays
Pursuant to
the
began
State
which
April
payment on
1944, interest for the period commencing
19,
interest
of
Holders
certificates
loan
York
Trust
warrants
should
for
Co.
due
surrender
1943,
1,
Nov,
such
interest
appurtenant to such
to The New
in
in
in
sales-
the Pickford
after
1943
1942
455,565
150,152
224,072
149
Minority
Net
..J--
.:
.1
138,
$231,344
51,047
102,095
$129,249
$111,509
of
York
New
Exchange has
Stock
that this
notified
been
United States Freight Co.—Interim
corpora¬
to Thompson Products, Inc.—V. 159, P. 486.
share
Tilo Roofing Co., Inc.—10-Cent Common Dividend—
directors have declared a quarterlv dividend of
10 cents per
share on the common stock, par $1, and the usual quarterly dividend
of 35 cents per share on the $1.40 convertible preferred stock, par $20,
The
b|)th
payable June
were
d-'sbursed
—V.
159,
to holders of record May 25.
15
March
on
15,
last,
each
and in
Like amounts
1943.
quarter during
1291.
p.
directors
The
cn
of record
4, Sept.
profit
Tot hi
1944
1943
1942
1941
$932,311
income
$958,560
$692,549
$252,502
520,770
141,409
683,097
■profits
575,000
">ruq
•Earnings
per
134,965
net
funded
046,5- 5
March
common
31.
assets
debt,
on
31.
of
and
75.000
$125,770
$66,409
$0.93
$0.49
$0.80
31,
net
$5.16 per
shares.—V.
159, p.
115.
from
1944,
assets
before
$32,760,010
according
were
bank loans and
31,
1943, to $34,-
on
to
$31,843,'927.
Dec.
the
quarterly
report.
At
The net assets on March
asset coverage of $188.75 per share of preferred
share of .common stock -as compared with $179.65
an
March 18, June
159, p. 115.
Co.—Stock
Potash
States
slock
($100
Placed
Privately—
par)..
for
proceeds
potash
will
the company
has
undertaken
a
program
a
new
'
United
States
'
•
Rubber
Purposes—Sales
and
effect
'
Co.—83%
Earnings
of 'Output
Before
Taxes
for
Same
put, in 1942.
The company's
Chairman
April
contributions
'
♦,
a
.
,
with
result of negotiations
a
Approves Merger Of Virginia Utility Firms—
Commission
Power
facilities
the
of
the
Virginia
Public
Virginia
the
18
April
on
Public
Service
approved the merger
into those of the
Co,
were
must
Service
be
written
listed by Mr.
the
out of
merged com-
Of the total, $5,921,601, representing the amount by
purchase
price
A total sum of $14,789,039, representing amounts in excess of
(2)
visions for
Virginia Electric & Power,
must be disposed of.
the
Pro¬
disposition of this amount have been agreed to by the com¬
pany.
;
.
The
$300,000
companies
agree
year.—V.
per
159,
to. make
p.
an
immediate rate reduction of
1488.
Wabash Ry.—Correction—
In
the
summarv
that
stated
was
of
the annual
the
company
report cited in
during
1943
our
retired
issue of April 17
$19,213,382 of its
outstanding debt and "in addition $1,890 of bonds of-kLnbsidiarv were
also retired."
This latter amount should have read $.lj,-8j(}0,000.—V. 15%
p.
1599.
-yogi
1
Western Massachusetts Cos.
Operating
Other
revenues
___
.
.!'
SI
'tf
(& Subs.)— fe^rnings—
1944—3 Mos.—1943
$3,348,436
63,981
income
$3,412,418
Oner.
Taxes
1944—12 Mos.—1943-
$3,097,416 $12,480,075 $11,596,945
50,979
207,430
165,761
&
'
Davis in three
Balance
T.ifnvost
5 4«0,129
of
income
pxpens°
for
). Balance,
contingenc.
surplus
____
1,295,203
911,837
5,665.502
3,862,055
2,921,858
$838,847
$941,354
$3,159,888
$3,360,719
136,355
maint.
_
Reserve
$3,148,394 $12,687,505 $11,762,705
1,004,558
exp.
18,
'
war
$6,000,000 over
as
of the board, at the annual stockholders'
stated that the value of 'the production of
United States Rubber Company for war and essential civilian purposes
in 1943 was approximately $790,000,000, an increase of 120%
over the
preceding year, with war production accounting for $652,000,000, or
83% of the total.
This was almost three times the company's war out¬
on
fncome.
Total
Davis. Jr..
proposal of
original
,
Period End. Mar. 31—
War
Year—
B.
31, 1944,
dividend preferred is
will be
adjustments
involving instal¬
production unit and improvement.^ in-facilities to
higher recovery of potash from its mine ores.—V;'157, p. 1855.
■:
('•J
't
" '
lation of
$5
years.
original cost of
it
be used to redeem 14,000 shares 6% preferred
stock ($100 par) now outstanding, and to provide funds for expansion.
In view of the increasing requirements of agriculture and industry
The
the
with
compared
five
pany's accounts.
has
company
meeting held
deducting
I
placed privately, through the Lee,
Higginson Corp., 20,000 shares of 4% cumulative pre¬
F.
corporation,
Dividend—
A similar distribution was made on
and Dec. 7, last year.—W.
United
The
Last
Corp.—Quarterly Report—
increased
M^rch
1°4,3.
1944, ir^D-rted
stock
395,000
$124,117
$0.92
share-—
Tri-Continental
The
639,000
$108,097
taxes;
profit
'On
763,117
income/&l(exc
Fechrfal
Net
-----
_
par
no
the Vepco
Since
merger.
exceeds the book cost of Virginia Public
Service, .must be charged off .immediately and the balance amortized
against income by equal annual charges over a period of 15 years.
interim dividend of 25 cents per
value, payable April 28 to holders
an
preferred, $24.50
In addition both
„>
Federal
(3)
■
tTransue & Williams Steel Forging Co.—Earnings
..Quarters End. Mar. 31
stock,
common
April 25.
15
ferred
G'roVs
the
declared
have
receive one share of new Vepco
Virginia, Vepco has; agreed to
of
which
1385.
Thompson Products, Incorporated—Change in Name—
The
tion has changed its- name
' '
issued In¬
Electric & Power Co.
The terms of the merger contain these conditions;
(1) A sum of $11,036,749 representing excess over the original cost
153.142
$21,470
p.
of
t I
Surplus
-V.
'
share
as
-FPC
$264,651
$72,517
»
.
Virginia
dividends
•
.
10-year serial notes will be
five-year serial notes.
214%
the
Accounting
The
-
profit
Preferred
the
for
plan
the State Corporation Commis¬
a reduction in rates of some
$300,000 annually, based on' present level of use, principally to resi¬
dential and municipal customers In that part of the area served by
VPS where such rates are higher than those now charged by Vepco.
r,
j
■
*'
amended
an
bonds.
of 2J/4%-2%%
■
(6) As
sion
39
interest
"•
Commission
1 l/6th
to gros$
283,457
86
•
17
Virginia Electric & Power
Public Service Co. (VPS) had' filed with
made to write-off, at the time
of the merger, the excess cost to Vepco of the assets acquired over
their
cost
to
VPS and
the gas plant adjustments now included in
Vepco plant account.
In addition, a reserve will be provided for
electric and common utility plant adjustments of Vepco in order to
permit their elimination when the amounts have been finally deter¬
mined.
The present acquisition adjustment cocts of the two companies
will be amortized over a period of not exceeding 15 years by charges
548,147
charge?..,..!
and
and its subsidiary,
Virginia
Exchange
and
of
date
$4,537,348
taxes
Income
the
(5)
1941
$4,046,900
■
United
preferred will receive accrued dividends from March
of
years,
Subs.)—Earnings-
222,755
••
is also President
He
Industries, Inc., jointly owned with
Fiber
Each share of VPS preferred will
period of
was
$3,670,715
«, i
£i!
__
Del,
shares of Vepco $5 dividend preferred for each VPS
plus $5.50 per share in cash for the 7% VPS pre¬
•:
'i '
•.
' ",:-(4) Vepco will restrict dividend payments on its common stock to
an extent which
will leave in surplus $11,020,000 over a period of ten
L. Sears,
Bagnall, Vice' '
..
Cork Co;
Wilmington
of
committee
executive
dividend preferred stock plus, for the 7%
VPS
cash, and for the 6% VPS preferred $19 in cash.
preferred
includes Gradwell
o^; distribution George L.
production.
.
;
charge
of
charge
management
the
Raftery,
Vice-President
Net
payment.
to
Mr.
and since
Crown &
Bond
of
President of Engineers Public Service Co., on April
and
ferred.
the neighbor¬
that United Artists
director
the
of
member
Latex
Barnes,
posal of
rumored that British interests were to take
holdings/starting with those of Mr. Korda.
stock by United Artists Corp.,
existence since 1919, will have no bearing on a
Calendar Years—
Net
warrants
the holders of certificates of deposit issued under the
plan of modification dated as of Nov.
1, 1940, will be made by
Manufacturers Trust Co., depositary thereunder,—V. 157, p. 1277.
Payment
"
in disclosing the purchase and retire¬
The deal was closed in London
United Dyewood CoriL (&
Supreme
1.
of this
change in policy or management.
President
1943, end ending]]Oct. 31,- 1943, in the., amount of .$25 for
-each $1,000 principal a mount''of loan certificates and in the amount
■of $12.50 for each $500 principal amount of loan certificates.
Flay
rumors
by the company since 1920,
and
expected to sell at 114 or better per share the revised offer is the
equivalent in market value of securities and cash, to the original pro-
it had been
been
has
C.
series
Raftery said the accquisition of the
Besides
Interest—
all
for
Raftery said
Mr,
Artists
United
Mr.
April 13, 1944, of Bernard Botein, Judge
Court,
the New York Trust Co.
order dated
an
York
New
director of
(3)
Alexander Korda's stock.
of Sir
Previously
and
of
and
once
and
(2) $9,000,000
April 15.
over
on
holders of
to
June
follows;
sale,"
for
ment
end
President
stead of $5,000,000
$1,000,000.
should
"This
on
Dividend—
stock
of
is
500.000 of 3V2%
Corp.,
.'
up
Central Ry.—Pays $7
Tennessee
block
entire
30 years,
general products,
of Vepco and -VPS. The amended plan provides for the follow¬
ing changes from the original plan:
(11 $23,000,000 of 3%
bonds of Vepco will be sold instead of $24,-
Calif.—Acquires
the ownership of the corporation in the hands of
Vanguard Corp., and Charles Chaplin personally.
purchase price was unofficially reported to be in
ing
1
the
this company more than
by
Director of Purchases.
Edmonds
(Vepco),
to
purchased
has
corporation
yarn
Securities
$5
corporation held by Sir Alexander Korda, Edward C. Raftery, President,
announced on April 16.
r
^
He stated that this block of stock will be placed in retirement, leav¬
19 members.
the mechanical goods,
and rubber thread divisions.
of
merger
Stock Interest—
Korda
Net
to
35
employed
announced that Engineers
business this year was
Profit might be slightly
Hollywood,
Corp.,
frcm
been
Manager
Virginia Electric & Power Co.—Amended Merger
in
Artists
Elected—
Financing Plan Filed With SEC—
less, .due to taxes, he added.—V. 159, p. 1291.
United
the
Directors
has
Co.
$405,000,000 in 3942, and that
running about even with that of last year.
the duct.
asbestos and
board
the
with
non-magnetic
the
of
plant in Beaver Falls, N. Y., manu¬
facturing fibrous materials combined with latex and dispersions.
He
has been director of the Niagara Hudson Power Corp. for a number <Jf
years, and is a director of the St. Regis Paper Co. and the Agricultural
Insurance Co, of Watertown, New York.—V. 159, p. 1559.
Benjamin O'Shea, President, at the annual meeting held on April 18
that the company's sales in 1943 were about $490,000,000. com¬
pared
through
General
director
and
stated
(James) Talcott, Inc.—Earnings—
result
a
States. Rubber Co., which operates a
directors.
of
as
Trust Co. and of Warner Co., all of Wilmington,
Mr. Lewis is President ol the J. P. Lewis Co.
Increased—- '
the board
to
the
Cobb
Mr.
,.
Browning, Paul. P. Huffard, Vice-Presidents of
and Homer A. Holt, former Governor of West Virginia,
assured
been
these products.
Cobb, George M. Tisdale, George P. Edmonds, and Harry
been elected to the board of directors.
This action in¬
1929 has been
$393,582
R.
aircraft
Mr. Tisdale has been employed
149,941
3.166,335
Union Carbide & Carbon Corp.- -Three New Directors
elected
2087.
158, p.
H.
"Lastex"
3,709,858
bottleneck found wherever the metal
construction, has also been ex¬
delicate instruments as well as the efficient
in
have
Sales Manager,
Manager of the Bridgeport (Conn.)
Pesidents.—V. 159, p. 1192,
1943
of
has
spossible
New
Lewis
and
$0.63
General
Arnold,
F.
used
a synthetic coating of resin, this new
lightening of the material used on these
ventilating air-duct systems by more than 10% <
$3,653,031
due to renegotiation of sales in 1943.-
any,
all metal
of
of a fire-
'
fabric,
is
734,300
734,300
;_
—
practically
and
Construction is such that should
penetrated by bullets or aerial flak, it can be easily
repaired, as there is no flare in the material after the
Willard
D.
$0.64
$0.59
saved,
be
make
heating and
734,300
$0.60
•
$0.54
is subject to renegotiation.
The report states
adequate nave been provided for adjustment,
outstanding
shares
Earnings
Ralph
stock————
common
'Y'k"'
been
heating and ventilating air-duct systems
paramount
a
was
radio
and
$444,921
139,500
of
product
Mr.
2.675,637
:
income
on
of
multiflex
and
Net
>
287,000 shares
share on
per
jiave
from
Performance
creased
and capital-.
—
Depreciation
those
with
level
same
discovery and development by this company
product, it was announced last week.
fatigue,
1942
1943
$1,705,362
1,733,912
145.469
1,143,522
1944 ■
$3,240,777
3,277,fa71
expenses
-Sales in
Net
the
and speedily
projectile passes
S.
_________—r
after
$244,194
:
hours
man
system
operation
Co.—Earnings—
Quarter Ended March 31—
366,293
$169,982
profits
excess
the
fees
eliminated.
cluded.
(Including Domestic Subsidiaries)
William
1944
contingencies
for
Reserve
of
eliminated
Metal
New Vice-Presidents—
$626,605
60,000
: ;
396,623
—
about
on
that
asbestos
ducting
taxes,
expenses,
Underwood Elliott Fisher
Statement-
Sutherland Paper Co.—Earnings
Quarter Ended March 31—
Profit
were
declared,
ing. pattern making, leather and fabric pipe covering and metal form¬
ing, previously all essential musts in the building of these systems, have
etc., $90,601; bank loans due
Sept. 30, 1945 (interest 2% per annum), $4,900,000; 5% convertible
debentures, series A, due Jan. ly 1953, $2,460,000; unrealized profit
on
sale of
when issued contracts, $37,659;
$6 cumulative preferred
stock
(141,380 shares no par), $3,534,500; common stock ($1 par),
$2,429,318; surplus, $26,013,404; total, $40,181,411.—V, 159, p, 774.
$40.9,848;
payable
(trade), $548,839; wages
accrued Federal and state income
$10,421,185,—V.
total,
also
he
announced
qualities embodied in
accrued,
for securities loaned against
an
Items made with these less critical ingredients will replace aluminum
and other metals.
Welding, die casting, riveting,, intricate metal process¬
Liabilities—Accounts
^64;
been
resistant
total, $40,181,411.
$276,731;
etc.,
Federal
$115,755;
also
aircraft by
investments in U. S. Government
securities—at cost, $600,000; investments in other securities—at cost,
$38,391,288; receivable for securities sold and called for redemption,
$305,613; dividends and interest receivable, $103,619; special deposits
for interest,
dividends and contingent agreements to sell securities,
jforeign
missions,
taxes
quarter,
He
Develops New Product—
$504,160;
banks,
In
ancl
oyer 1942.
before
first
Millions
Sheet, March 31, 1944
Balance
own manufacturing plants,
22 in United States
turned out $422,271,343 worth of goods in 1943,
but, pointed out that taxes were
from operation of Government*
owned plants were less.
On the basis of the current outlook, he stated;
the company hopes to maintain common dividends on a regular quarterly basis..
-/
has
■
investments on Mar.
$816,456 less than on Dec. 31, 1943.
$5,328,344 or
.
tIncludes Federal
of
depreciation
of 'the
higher.
$211,373
217,275
loss on sale of securities,
1944 and $7,952 in 1943.
(or)
unrealized
The
$2,007,400;
notes,
$186,403
212,775
he said.
1942.
Of this amount, 67% was for war products.
Referring to this year's operations, Mr. Davis reported that sales o|
products made in the company's own plants in the first quarter of
1944 were approximately the same as in the first quarter of 1943.
$1,683,640; U. S. tax savings
banks,
in
profit
Liabilities—Interest
$1,876,296 $1,303,001
$864,817
"After adjustment for renegotiation of war contracts which reduced
earnings originally reported in amount of $540,000.
tRevised. Jlncluding $1,038,000 for the Federal excess profits tax.
flAfter post-war
end of year—
surplus at
Earned
212,070
the
in
company's
increase of 45%
$341,080
49,351
10,106
70,250
income tax of $14,000 in
Assets—Cash
+217,000
320.000
114,095,000
adj. & conting.-
for post-war
Prov.
"Before
$187,449
declared
divs.
$308,159
48,318
8,052
65,386
in Govern¬
explosives
three synthetic
"
136.000]
\
1
income
"Net
Preferred
$2,259,938
206,580
170,253
charges
55,287
Interest
242,559
from operations—
(net) __—
profit
Income
19,354
:
and
rated
eight in, Canada,
306,478
$167,992
212,070
42,416
Taxes
205,289
322,266
____—
deprec.
for
279,784
265,051
412,621
accounts)
Prov.
$3,002,604
294,818
$7,261,139 t$3,185,749
depreciation.
Selling
expenses
!—
Gen. exps. (inch prov. for doubtful
The
$34,602
$288,813
46,020
f 14,551
60,250
$304,507
income
Expenses
$26,253,613t$15,198,736 $13,413,957
18,992,474 " 12,012,987 10,411,353
before
profit
Gross
Total
1941
1942
1943
times
company
(
Years
Calendar
for
Account
ammunition
thus bringing the total for the company to three
capacity of 150,000 tons a year.1
The seven
plants produced goods approximating
volume of Government-owned
plants operated by the
combined
a
five
•w
materials,
Income
with
munitions and the
——~~
securities—„—
Taxable
/
,
of
plants;
synthetic
put into production,
1941
1942
$24,690
283,468
3,628
income
1943
$28,441
—
manufacture
production of synthetic rubber under the Govern¬
rubber program; and production of a great variety
and volume of war products in the company's own plants.
Seven munitions plants, one of which is in Canada, were in operation
during the year, he reported.
Two new synthetic rubber plants were
ment's
31
Earnings for Quarters Ended March
type of loan, commonly
$3,000,000,
ment-owned
1944, corporation holdings of cash,
31,
presently
Company is
credit"
of
per
$166.10 per share and $3.84 per
At March
of
classifications,
share, respectively; on Dec. 31, 1943, and
Share, respectively, on March 31, 1943,
Government secur¬
ities and good grade bonds and preferred stocks amounted to 12.8%
of
net
assets.
The total bond portfolio was approximately 9.3%
of
gross assets
while preferred stocks accounted for about 19.8% and
common
stocks, excluding those of subsidiary corporations, for about
60.1%,
Public
utility preferred* stocks represented
11.0% of gross
assets.
The principal components of the common stock portfolio were
the holdings in building equipment and renovation enterprises, repre¬
senting 7.3%. of gross assets, oil companies accounting for another
7.2%, public utilities for 4.3 %,■ railroads and other transportation,
3.7%, and retail trade for, 3.60%.
$4.63
and
Share
per
Corp.—Annual Report-
Steel
Frost, President, states in part:
1943, net sales were $26,253,613,
R.
1944
Monday, April 24,
& FINANCIAL CHRONICLE
THE COMMERCIAL
1700
136,098
544.0«4
544.231
1.569.014
150,000
______
$702,492
$805,256
$2,464,924
2,816,4$7
Volume
Number 4275
159
THE COMMERCIAL & FINANCIAL
State and
CHRONICLE
1701
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
^
386/390, respectively, dated July approving opinion of Chapman &1
1, 1935, and maturing July 1, 1955. Cutler, of Chicago, will be fur¬
'
Alabama (State of)
Revenue Increase Reported
State
Revenue
Commissioner
G.
Dowling announced
an
over-all increase
—
H.
April
of
Special
10
$1,064,463
in Alabama's tax receipts for the
£ix-months period ending Mar. 31,
as compared with the
correspond¬
ing period
a
Reporting
year
ago.
total
collections
of
j $25,046,079 for the first half of
the
current fiscal year,
ling said that "in
increase
is
due
Mr. Dow¬
opinion the
my
to
prompt
more
payment by the public, and not
because of additional revenue. I
expect collections
level
to
off to
normalcy by the end of the (fis¬
cal)
year."
He said
i
the
main
increase
was
in the sales
tax, 9.3% ($636,175),
and income
tax, 15% ($550,783),
and noted that people had been
paying their income tax in one
yearly check instead of four quar¬
terly checks.
and
crease,
reason
for the in¬
consequently
collections
cause
again.
would
level
to
off
-
.
nominations
Debt
of
State
and
Units
Local
Reduced Substantially—Indebted¬
ness of State of California and its
political
a
subdivisions
substantial
decline
has
tions
of
$1,000, $500,
$260, $100 and $25.
Dated June 1, 1939,
1969.
Said
bonds
deemed
on
»date
accrued
coupons
$500,
Due June 1,
will
called,
interest
due
$478,
on
be
re¬
at
par
evidenced
that
date,
presentation, with all subse¬
unmatured
at¬
coupons
tached, at the First National Bank
of Chicago.
Interest ceases on
date called.
Haines
1938,
Tenders
according to a compilation made
by the "Business Outlook" of the
Morehead,
Wells
Fargo Bank of San Fran¬
will
cisco,
Estimated State debt
8
June
$1,000,
Series B, Nos. 1 to 78, 89 to .131,
and 147 to 279, in denomina¬
shown
since
of
'$100 and $75.
quent
'
receive
City, Fla.
Wanted
—
Miles
M.
Mayor-Commissioner,
sealed
tenders
until
,
as
of
30,
1944, is $129,311,000 as
with
$134,095,500 on
June 30, 1943;' $148,330,500 June
30, 1941, and $170,807,500 June 30,
compared
1938.
nished.
Enclose
a
certified check
June
1944
1,
at! the
bridge
refunding
bonds,
dated
March 1,
1941, denominations of
$1,000 each, at the Fidelity &
'
by
(State of)
District
on
amount
May 4 4 of refunding
bonds, issue of 1938.
Tenders
must be firtm for at least 10 days
p.m.
on
chobee County, Florida, Road and
Bridge Refunding Bonds, Issue of
1940, Series A, B and C, dated
June 1, 1940, maturing June 1,
1970, to be redeemed June 1, 1944,
at par
plus accrued interest to
the redemption date.
$1,000
each.
payment
Bank
West
Beach, Fla.
Studied—City
Manager Francis B. McGarry has
prepared an analysis of the pos¬
sibility of the city refunding its
outstanding debt, interest rate of
which increases from 2V2 % to 3%
,
'
Bond Offering —L. Pressgrove,
City Clerk and Comptroller, will
Plan
in August of this year.
Mr. Mc¬
Garry has suggested that a propo¬
sal
for
refunding
be
obtained
through
his
and
by
the
competitive bids
study has been referred
City Commission to the
open
committees
on
rules.
finance
laws
and
interest,
on
being callable
amount, plus accrued
any interest payment
date
or
after
the
on
order
of
their
May 1,
City.
serial
in
accordance
the
County
bonds
than
105,
with
Fiscal
plus
accrued
County (P. O. Chicago), III.
Bond Litigation Dis¬
of
The
not
less
interest.
Purchaser must show that he will
be
able
to
delivered
for the bonds
pay
the
and
bonds
shall
as
be
held
by an escrow agent for de¬
livery to
purchaser as similar
outstanding
bonds
mature,
at
which time purchaser shall pay
purchase price and accrued inter¬
est, plus l/32nd of any premium
paid on the bonds and the bonds
shall
bear
to
those for
Funding
order
an
Court.
be sold for
to
are
interest
from
the
be
considered
entire
the
foregoing
none
other.
date
of
The only
will
issue
be
having
specifications,
and
Award will be made
$18,000,
dated
Present bonds for
the Central Hanover
Trust
Interest
Co., in New York
ceases on June 1,
1944.
To Consider Refunding Petition
—Harry R. Lynn, State Local Fi¬
nance Officer, reports that a hear¬
ing will be held at his office at
1 p.m.
sider
for
(CWT) on April 28 to con¬
petition of the county
the
the
and sale
of
approval
of
of the issuance
of bonds for the purpose
refunding
issue
5%
those
road
bonds
and
of the
bridge
re¬
funding bonds, dated March 1,
1941, which will become callable
by June 1, 1944.
LOUISIANA
Orleans Levee District (P. O. New
*
Orleans), La.
Offering—W.
M.
Bond
1957, in
numbers,
subject to being registered as to
principal only, and to be issued
bids
ILLINOIS
Cook
face
delivery to purchaser.
/
in order to be considered.
Lakeland, Fla.
Palm
Refunding
at
&
6r all of said bonds
at
of
March 1, 1941, in denomination of
_
upon
California
School
payment
par and accrued interest road and
5
Refunding 'Bonds, Series for 2% of the amount of the bonds
1935, numbered 449/451, 454/455, to, be sold, payable to the City
459/460,
465/467,
478/479,
481, Treasurer. These are the bonds Columbia Trust Co. in Louisville,
485, 488, 495/521, 528/532, 537, originally offered for
sale
on with all June 1, 1944 and all sub¬
540/541,
544/546,
585,
587, April 12./. ,,' ;.,v ■■■■ :-'\
sequent coupons attached: Nos 11
to 20, 5% in the amount of
590/591,
593/599,
601,
605/613,
$10,Miami Beach, Fla.
617/622,
625,
628/629,
636/637,
To Issue Bonds—C. N. Tomlin- 000, and Nos. 1 to 16, 414% in the
amount of $16,000.
642/646,
and
649,
respectively,
son, City Clerk, states that the
dated July 1, 1935, and maturing
$1,670,000 bonds authorized by the Clay County (P. O.
Manchester)
July 1, 1955.
voters at, an election on April 4
Ky.
:/
will probably be offered for sale
Fort Meade, Fla.
Bond Offering—P. W.
Moberly,
Bond Call—John L. Green, City in about 90 days.
County
Clerk,
will
receive
sealed bids until 10 a.m.
Clerk, reports that the refunding Okeechobee
(CWT)
County (P. O. Okee~
bonds of the following description
on
April 29 for the purchase of
chobee), Fla.
which may still be
outstanding
Names
Fiscal
Agent — Manu¬ $32,000 coupon road and bridge
on
June 1, 1944, are called for
Dated
facturers Trust
Company, New refunding of 1944 bonds.
payment on that date:
'';, •; York, has been appointed Re¬ May 1, 1944. Denom. $1,000. Due
Series A, Nos. 1 to 101, in de¬
$8,000 May 1, 1961 to 1964.
Any
demption Agent for certain Okee¬
and
,
CALIFORNIA
,
No.
This, in his opinion,
.constituted the
Tax
far
Duf-
fourc, Secretary Board of Com¬
missioners,
will
receive
sealed
bids
until
11
a.m.
(CWT)
on
May 16 for the purchase of $3,180,000 not to exceed 2^4% in¬
terest
refunding bonds.
Dated
June /1,
1944.
Denom.
$1,000.
Due June 1, as follows: $50,000
in 1947, $139,000 in 1948, $147,000
in 1949, $154,000 in 1950, $158,000
in 1951, $162,000 in 1952, $167,000
in 1953, $174,000 in 1954, $179,000
in 1955, $184,000 in 1956, $190,000
in 1957, $197,000 in
1958, $203,000
in
1959, $307,000
in 1960
and 1961, and $462,000 in 1962.
The
able
in
bonds
at-
the
whole
numerical
shall
be
option of
or
in
order
part
on
redeem¬
the Board
in
inverse
any
interest
payment date
1954, at
to
the
on or after June 1,
plus accrued interest
redemption
date.
The
par
Judge
Ulysses
S. to the highest and best bidder. Board of Commissioners reserves
April 12 dismissed the The bonds are to be sold subject the right to reject any or all bids
receive sealed bids until 10 a. m. suit
brought by the Hoyne-Nor- to the principal of and the inter¬ and no bid will be
considered
on
April 26 for the purchase of wood
Apartments
Corporation est on said bonds not being sub¬ offering to purchase less than the
earlier. '
.'"
,/
$5,350,000 refunding, Series 1943, against the
The largest percentage of de¬
county
board and ject to Federal or Kentucky ad entire issue or to pay less than
bonds.
Dated July 1, 1943.
De¬ Seipp, Princell & Co. to stop valorem or income taxation on
crease is shown
by county debts,
par and accrued
interest.
Bid¬
nomination $1,000. Due July 1, as issuance of the
which have declined 52% in the
$8,346,000 county the date of their delivery, and to ders shall name interest rate or
follows: $10,000 in 1946, $55,000 in
the
final
approving opinion of rates for said bonds in
same period.
funding bond flotation, and there¬
Irrigation and drain¬
multiples
1947, $85,000 in 1948, $115,000 in by cleared the way, at least tem¬ Woodward, Dawson & Hobson, of of
age districts were not included in
-y4 of 1%,, but no bids.will be
1949, $155,000 in 1950, $110,000 in porarily, for some settlement of Louisville, being given as to their
the bank's compilation.
accepted for bonds which provide
1951, $155,000 in 1952, $145,000 in the outstanding claims and judg¬ legality. The county will furnish for
any single interest rate in ex¬
COLORADO
1953, $160,000 in 1954, $180,000 in ments owed to almost 600 credi¬ said opinion and printed bond cess of
2%% per annum.
Not
1955 and 1956, $185,000 in 1957, tors since Dec.
1, 1942, according forms which may be secured at more than five rates of interest
University of Colorado
$190,000 in 1958, $230,000 in 1959, to the Chicago "Journal of Com¬ the County Clerk's office.
Pro¬
Bond
Call
may be
bid in'any single bid.
Men's
dormitory
ceeds shall be used to retire sim¬
$240,000 in 1960, $245,000 in 1961, merce" of April 13.
Said bonds will be awarded on
/
" /
building refunding
bonds
Nos.
ilar
$255,000 in 1962, $260,000 in 1963,
outstanding
bonds
of the the basis of lowest total
534 to 548, 2V4%, 2%% and
interest
Preston Township (P. O. Olney),
2%%, $270,000 in
county as they mature.
1964, $275,000 in 1965,
Enclose cost.
are
called for payment on and
Comparison of bids will be
III.
a certified check for $500.
$285,000 in 1966, $295,000 in 1967,
after May 1, 1944, at par, plus a
by taking the aggregate of inter¬
Bond Election—An election will
$305,000 nf'l968, $315,000 in 1969,
est on the bonds at the rate or
premium of 2J/2% of the principal
be called to submit' to the voters
Morgan County (P. O. West
$320,000 ;££> 1970, and $330,000 in
rates named
in respective 'bids
amount
an issue of $25,000' road improve¬
Liberty), Ky.
thereof, at the United 1971. Bonds
maturing July 1, 1960
and deducting therefrom the
States National Bank of Denvey.
pre¬
ment and mainteq£nqq,bon4% ,;
To Consider Refunding Petition
to 1971, are optional for redemp¬
mium bid',"if any, to determine
Due Nov, 1, 1959.
—Holders of 4% road and bridge
tion in inverse numerical order
the net total? interest cost to the
IOWA
refunding bonds of 1942, dated
at par and accrued
interest on
FLORIDA
Board.
Both interest and prin¬
June 1, 1942, are advised that a
July 1, 1959, and on any interest Cerro Gordo County (P. O. Mason
Broward County Special Tax
hearing will be held at the office cipal will ;be payable in lawful
City), Iowa
payment date thereafter, and if
money at the office of the State
School Districts, Fla.
Bond Offering—L. L. Raymond, of the State Local Finance Of¬
called for redemption, additional
Treasurer at Baton Rouge, or at
ficer at Frankfort, Ky., at 10 a.m.,
Bond Call
A. J. Musselman, interest will be
paid by the city County Treasurer, will receive
the office of the fiscal agency of
Chairman, Board of Public In¬ in an amount equal to 2V2% of sealed and open bids until 10 a. m. on April 28, to consider the pe¬
the Board of Levee Commission¬
struction, reports that pursuant to the principal amount of each on April 25 for the purchase of tition of the county for the ap¬
ers in the city of New
Orleans, or
a
resolution
adopted
by
the bond called if redeemed on July $65,000
voting
machine
bonds. proval of the issue and sale of at
the office of the fiscal agency
Board
the
following
described 1, 1959, 214% of the principal Due $13,000 Nov. 1, 1945 to 1949. bonds for the purpose of refund¬
of- the Board of Levee Commis¬
bonds are called for payment on
award
of
said
bonds will ing those bonds of the above-men¬
amount of the bond if redeemed The
sioners of the Orleans Levee Dis¬
July 1, 1944. Said bonds will be in
on
the
most
favorable tioned issue which shall have be¬
1960, and similarly in Amounts made
trict in the city of New
York, at
paid on July 1, 1944, at par and computed at rates
bid of par and accrued interest come payable by June 1, 1944.
reducing at the
the option of the holder.
Said
accrued
better
interest,
evidenced 'by rate of !4 of 1% in 1961, and in or
specifying
the low¬
Murray, Ky.
bonds will be general obligations
coupons due on that date, upon
est
rate
of
interest.
Principal
each year thereafter, so that
any
of the Board of Levee Commis¬
Bond Call—H. J. Fenton, Chair¬
presentation with all subsequent bonds
and
interest payable
at the
remaining outstanding in
man Electric Plant
Board, reports sioners of the Orleans Levee Dis¬
unmatured
coupons
thereto at¬ 1969 may be redeemed in 1969 County Treasurer's office.
The
that
3%
electric plant revenue trict to the payment of which the
tached, at the Chase
National and thereafter without the
approving opinion of Chapman &
pay¬
bonds Nos. 210 to 221, 228 to 239, full faith, credit and revenues of
Bank, New York.
ment of additional interest. Prin¬ Cutler, of Chicago, will be fur¬
247 to 259
and 266 to 279 are said Board are pledged. Each bid
nished by the County. Enclose a
Special ,,-Tax
School
District cipal and interest
payable at the
called for payment on June
1, must be accompanied by a certi¬
No.
2
certified check for 2% of the bid.
Refunding Bonds, Series Manufacturers Trust
Co., New
1944, at par plus a 5% premium. fied check or cashier's check upon
1935, numbered 216/247, 289/292, York. The bonds will be sold to '.!* a n,
Dated June 1, 1942.
Jefferson, Iowa
Denomina¬ a responsible bank or trust com¬
296, 298, and 300, respectively, a responsible bidder
offering to
Bond Election—An election has tion $1,000.
Due June 1, 1959 to pany in the sum of $150,000, pay¬
dated July 1, 1935, maturing
July pay par and accrued interest to been called for
April 25 to vote on 1962. The bonds should be deliv¬ able to the order of the Board of
1, 1955.
July
1,
1944, and the largest $35,000 airport construction bonds. ered to the
Fidelity and Columbia Levee Commissioners of the Or¬
Special Tax School District No. premium.
Each
bidder
must
Levee
Trust Co., Louisville, for payment leans
District, to secure
3 Refunding Bonds, Series
V/aukon, Iowa
1935, agree to accept delivery of the
on
or
before
June
1, 1944, on the faithful performance of the
numbered 794, 796/812, 819/820, bonds as soon as
Bonds Voted—An issue of $45,they are ready
terms of the bid. All bidders must
which date interest ceases.
000 municipal hospital bonds was
842/901,
1000/1001,
1020,
1024, for delivery.
All bids must be
agree to accept delivery of the
1027/1028, and 1036/1037, respec¬ unconditional and must be for the voted at the election held recently. Owen County (P. O. Owenton), Ky.
bonds
in
New
Orleans, on or
tively, dated July 1, 1935, and ma¬ entire issue. The bonds are regBond Call
H. C.
Thomas, about June 6, 1944, and pay theKENTUCKY
turing July 1, 1955.
isterable
as
to
principal.
The
County Court Clerk, calls for purchase price thereof and ac¬
Special
Tax
School
District City reserves the right to reject
Calloway County (P. O. Murray), payment on June 1, 1944 at par crued interest thereon, if any,
No.
4 Refunding Bonds,
Series all bids or to deliver only such
and
Ky.
accrued
interest
to
date upon tender of the bonds by the
1935, numbered 291/298,
Bond Call—Mary Russell Wil¬
309/326, bonds as may be legally deliver¬
called, 5% road and bridge re¬ Board, together with the prelim¬
330/331, 345/35.5, 365, 379, and able at the time of delivery. The liams, County Court
Clerk, calls funding bonds, Nos. 15 to 32, to inary approving opinion of Wood,
City debts are estimated at
$425,432,000 as of June 30, 1944,
as
against $487,529,989 six years
,
missed
—
Schwartz
.
-
,
-
—
.
.
—
>
—
,
Elk River,
bonds. All bids must be uncondi¬
tional.
Maryland (State of)
Bridge Revenue Refunding
Purchased
—
A. Briggs,
Village Clerk, reports that at the
election
held
recently
$70,000
MARYLAND
Bonds
Minn.
Bonds Approved—H.
William
light plant bonds were approved.
date of sale has been fixed
No
as
yet.
A.
O. Freeport), Minn.
Offering — Joseph Lahr,
Millwood (P.
Codd, Chief Auditor of State Roads
Bond
Commission, reports that $140,000
Town Clerk, will receive sealed
bridge revenue refunding bonds
bids until 1 p.m. on April 25 for
were
purchased
by
tender on
the purchase of $35,000 coupon
April 13 at an average price of
road
and
bridge /construction
104.875.
'■
bonds.
Dated April 1, 1944. De¬
$1,000.
nomination
MASSACHUSETTS
as
Medford, Mass.
follows:
and
$3,000
Due April
1,
$2,000 in 1946 to 1955,
All
1956 to 1960.
in
$300,000 notes bonds maturing on April 1, 1955,
April 12 were and thereafter to be subject to
discount. Due Nov.
redemption and prepayment on
10, 1944.
April 1, 1954, and on any subse¬
quent interest payment date. Bid¬
Methuen, Mass.
Note Sale—The $150,000 notes ders to name the rate of interest.
offered for sale on April 17—v. No split rate bids will be consid¬
Sale—The
Note
offered for sale on
sold at 0.35%
159, p. 1604—were awarded to
Goldman, Sachs & Co. of New
York at 0.39%
discount.
Dated
17, 1944 and due $100,000
1944, and $£0,000 on April
April
Dec. 20,
10, 1945.
Other bids:
Discount
National Bank, Boston—
0.417%
Bidder—
Second
First
0.419
0.42 /.
Boston..
National Bank, Boston—
Shawmut Bank,
National
ered.
of
Place
payment
purchaser.
the
by
designated
be
to
These bonds were authorized at an
held
election
on
March
14, 1944,
vote of 151 to 15. No bids
for less than par will be consid¬
ered.
Bidders are requested to
use
bid forms furnished by the
;own.
All bids must be uncondi¬
a
:>y
1954, for a price of 127.19.
The
obligations
are
being reoffered to yield 1.60%. Also pur¬
chased
by the same firm were
due
$30,000 Orleans Parish, La., school
5s, due 1958 and 1960, for 1,41.70,
which are being reoffered to yield
1.80% and 1.90%, and $25,000 Fort
Worth school 4y2s, due 1958-61,
for 131.26.
The latter bonds are
ordinance
providing
for
Monmouth
County (P. O. Free-
Sales —The
Bond
improvement
on
April
for
'
hold), N. J.
/
eral
'
^
sale
$272,000 gen¬
bonds offered
19—v. 159, p.
1492—were awarded to
B. J. Van
yield 1.90% to
Ingen & Co., of New York, E. H.
V.
•'
''' " Rollins & Sons Inc., and Dolphin
Kidder, Peabody & Co. was
& Co., both of Philadelphia as
awarded $50,000 Detroit refund¬
iy4s, paying a price of 100.21, a
ing 4s due 1954-55 at 119.02, and basis of about
1.218%,< Dated May
are reoffering them to yield 1.85%
1, 1944. Denomination $1,000. Due
to 1.95%,
The second bid on'this
May 1, as follows: $18,000 in 1945
block was 119.01, representing an
to 1948, $23,000 in 1949 to 1952,
exceptionally close cover.
and
being reoffered to
2%. '■
of
bidders
im¬
harbor
Alabama
provements, each of $25,000. One
block was 4V4S due 1975, for a
Blyth
Trust
and C.
Sachs & Co.
Goldman,
Co.,
follows:—
and
:
..
Co., and Second National
Bank, Boston, at 0.357% discount,
and
Norfolk
County. Trust Co.
& Trust
sealed and auction bids until May
for the
4
ing
purchase of the follow¬
aggregating
bonds
coupon
J.
Bahk of Boston at 0.30% discount.
Due Nov. 18,
were:
ton,
First
Other bidders
National
Bank, Bos¬
and Na¬
discount,
0.36%
at
tional
1944.
Shawmut Bank, Boston,
0.37% discount.
at
;v
.
•
1948
and
$11,000
in
1949
to
of)
Nebraska (State
1944.
Denomi¬
nation $1,000, one for $800. The
refunding bonds will be offered
for sale by the City Council and
the hospital bonds by the Board
of Estimate
and Taxation.; All
bonds of each offering will bear a
Dated
June
1,
G.
&
100.057
1.30
100.036
1.40
100.239
1.40
Becker & Co
Rippel
1.30
tion, calls for payment on May 1,
MISSISSIPPI
1944, at par and interest, all out¬
Mississippi (State of)
standing certificates of indebtedness dated May 1, 1938, maturing
Local Units Secure Sales Tax
May 1,
1948.
Said certificates Exemption
On
Governmental
Should be presented to the paying Operations — Mississippi counties
agent specifying the certificates and municipalities no longer are
for payment on or before date
required to pay the state 2% sales
called.
Interest ceases on May 1, tax
on
materials
and
supplies
1944.
V;;"
■
bany.' ■"■;/ V.
Goldman,
and
Sachs
&
100.08
Co.
Boland,
Saffin &'
———iy2
Co.
/ visions
at
divisions
(CWT)
10a.m.
'
;
.
on
Funding
follows:
Minimum.
Amount
Maturity
«.'•
1947—
1948
j
1949——
'iff
■
.
■
Funds
Yield Price
Required
$28,000
1.40%
$26,000
27,000
15,000
,
I.
„
1.40
29,000
1.50
17,000
1.60
14,000
Howard
ark, and Chairman of the Invest¬
the
of
ment/, Committee
-
Proposal—It is
or
registered
drainage Series 1944 bonds. Dated
coupon
Denom. $1,000.
1, 1945 to 1955.
Rate of interest to be in multiple's
of y4 or one-tenth of 1%.
Alt
bonds to bear the same rate of
April
1, 1944.
$5,000 Oct.
April 15
as
follows:
-
all
for
of
bonds of
NORTH
CAROLINA
Pines, N. C.
reorganized railroads be¬
savings bankers
Country
a sim¬
it is much
more complicated and isn't as upto-date as ours. So far, these two
States are the only two where
savings banks are located that
have
pass
last year, but
seen
Club
at
improvement bonds was voted
a
recent election.
NORTH
...
»
DAKOTA
Dickinson, N. D.
D. Mars, City
Auditor,
submits the
list of other bidders in
following
connection
with the sale of the $30,000 water
works bonds to the First National
Bank of Dickinson, as iy2s, at a
price of 100.116—v. 159, p. 1606;,
Bidder—
of North
Bismarck
Bank
in other States.
"Massachusetts did
issue of $45,purchase and
Bonds Voted—An
000
Other Bidders—D.
fore their fellow
ilar bill
said
Southern
\
they have recognized the invest¬
ment merits of the first mortgage
payable
Bids to be
bonds.
Principal,
and interest (A-O) payable at the
Scarsdale National Bank & Trust
Co. of Scarsdale, with New. York
exchange. The approving opinion
of Wood, Hoffman, King & Daw¬
son, of New York, will be fur¬
nished the successful bidder.- En¬
close a certified check for 2% of
the par value of the bonds bid
for, payable to the village.
from unlimited taxes.
New
They believe
of this bill.
bonds are general
The
obligations of the village,
Jersey Savings Bank Association,
sponsored the billr stated
on
for the purchase of
April 25
which
Harold
First
Mueller,
Int. Rate
Dakota,
"
Price;
1V2%
100.08
V/2
100.06
IV2
Hazen—
100.10
lJ/a
—
100.04
Nat'l Bank, Minne¬
apolis
:
Kalinan, & Co.,
jaffray
and Piper,
Hopwood_<—
&
OHIO
Brook
the value in these new
Park, Ohio
,Wanted — Varnum E.
"Incidentally, the law will also Clark, Village Clerk, will receive
Tenders
securities.
be
helpful to fiduciaries because
what is legal for
\Lqdi, N. J.
B6nd Refunding
the
Institution,; New¬
Savings
22,000
1.70
19,000
12.JOOO
Officer 4 of
passage
on
deemed are as
Kress,
Trust
McLoud,
Treasurer; will receive
sealed bids until 11 a.m. (EWT)
Village
John
and
law,
Vice-President
new
savings bankers in New
Jersey are pleased because of the
NEW JERSEY
State
the
"The
• -
Bergenfield, N.J.
Purchase of Bonds Approved—
The
W.
of
Al¬
■■;''• -;/%//;
Scarsdale, N. Y.
interest.
100.27
./
Bond Offering—Anson
Due
and
Co.
&
Co., Inc., and
MacBride, Miller & Co.
Commission
April 10 approved the bor¬
Avon and Troy Townships Frac¬
ough's proposal to retire $99,000
single rate of interest which must
tional Sch. Dist. No. 11, Mich.
of outstanding refunding bonds
be a multiple of y4 or one-tenth
Certificate Call—Lowell O. Fairissued pursuant to; Chapter 240,
of 1%.
P. L. 1940. The bonds to be re¬
cheld, Secretary Board of Educa¬
MICHIGAN
Moore, State Office Building,
$55,000
V
Blair
Offering—Henry H. Bart-
Bond
May 22.
1954.
may
written
on
H. L. Allen & Co
Secretary Board of Educa¬
$1,814,800:
Dedham, at 0.369% discount.
tional Lands and Funds, reports
$1,700,000 refunding bonds. Due
Winchester, Mass.
$170,000 June 1, 1945 to 1954. that the Board will offer for
^Note Sale—The $100,000 notes
114,800
hospital
bonds.
Due sale at open, public and competi¬
bidding,
$1,010,128
taxoffered for sale on April 14 were
June
1, as follows:
$12,800 tive
free bonds of Nebraska State sub¬
awarded to the Second National
in
$12,000 in 1946 to
1945,
be
request
ument
100.098
1
Reprints of the doc*
obtained upon,
to Comptroller
by the State.
100.099
1.30
F. Childs & Co.
S.
A.
bought
$25,000 San Antonio, Tex., 5s ma¬
turing Jan. 1, 1957, for 133.45.
They are being reoffered on a
1.90% basis.
Blyth & Co., Inc.,
was awarded $25,000 Monroe, La.,
ling,
>
Concerning Bond Issues—
lations
li/4%
V
Issues
Comptroller Frank C. Moore has
prescribed a new series of rules
and regulations relating to bonds*
notes and other obligations issued
,
ftMer-
Co., St.
(State of)
New Regu¬
York
New
Comptroller
Price
legality which 4l/2s of 1958, and several smaller Kean, Taylor & Co.,
Spencer Trask & Co.
Norfolk County (P. O. Dedham), may be made conditional upon
Louisiana blocks.
John Nuveen
and Van Deventer
Mass.
he legal opinion of Dorsey, Col& Co. was high bidder for $10,000
Bros., Inc.
V/2
100.045
Note Sale—The $225,000 tuber¬ man, Barker, Scott & Barber of
1.80
100.09
Fort Worth, Tex., 4%s
of 1958, M. M. Freeman & Co
culosis hospital maintenance notes Minneapolis, whose opinion as to
for a price of 129.10.
Reoffering
New Jersey (State of)
offered for sale on April 18 were
egality must be accepted by the is on a 2% basis.
awarded to the Merchants Na¬ purchaser.
Reorganized Rail Bonds on LeThe attorneys have
The
First Boston Corporation
tional Bank of Boston at 0.34%
gals List—Gov. Walter E. Edge
approved all proceedings up to
was awarded $75,000 Metropolitan
has signed Senate Bill No. 232,
discount.
Dated April 18, 1944. the sale. Enclose a certified check
Water District' 4s maturing 1963
Due April 6, 1945. Denominations for $700,
passed at the 1944 session of the
payable to the Town and
1965; $25,000 San Antonio,
Legislature, broadening the field
(8) $25,000, (2) $10,000 and (1) Treasurer.
Tex., 4V2s due 1950-54; and $30,- of
legal investments for banks and
$5,000.
The next highest bidder
000
San
Francisco
4V2s, due; trust funds, to include first mort¬
Minneapolis, Minn.
was the First National Bank, BosBond
Offering—O. J. Turner, 1959-66.
Prices
paid and re¬
gage bonds of reorganized rail-,
jton at 0.35% discount. Other bid- City Comptroller, will receive offering plans were not stated.
roads.
aiders were:
Boston Safe Deposit
Commenting on the pro¬
tional except as to
April 25 for the purchase of
$500,000 certificates of indebted¬
ness.
Dated May
1, 1944. Due
Feb. 15, 1945.
•<
on
Int. Rate
0
Louis
Halsey, Stuart & Co.
Ira Haupt, Buckley Bros.
145.79.
19456
&
as
,
cantile-Commerce Bank
&
other was
price of
price of 145.54, and the
4V2s due 1971, for a
were
Bidder—
John
—
ceive sealed bids until 10:30 a. m.
$27,000 in 1953 to 1956. Other
bought two
Kidder, Peabody also
blocks
Offering
Certificate
Lynn, City Comptroller, will re¬
the'Mayor and
by
passage
Council.
Vernon, N. Y.
Mount
the
of $20,950 sewer assess¬
ment bonds will be considered for
issuance
final
YORK
NEW
Manville, N. J.
Consider Bond Ordinance—
To
Inc., was high bidder for $50,000
An
Mobile
County, Alabama, 4%s,
1944
Monday, April 24,
CHRONICLE
Stranahan, Harris & Company,
MINNESOTA
Hoffman, King & Dawson, of New
York, as to the validity of the
J
& FINANCIAL
THE COMMERCIAL
1702
savings banks is
also legal for trust
funds."
on May 10 of
dated July 1.
1938, due July 1, 1968. The amount
available for the purchase is ap-,
tenders until
refunding
noon
bonds,
Perth Amboy, N. J.
purchased for governmental oper¬ repotted * that • Boland, Saffin &
proximately $10,000.
Makes
ations, the American Municipal Co.,'New York, submitted a pro¬
Exchange
Offer
To
Charlevoix, Mich.
Harpster, Ohio
Bonds Voted—An issue of $16,- Association reports. Local govern¬ posal. to
the * 'Borough Council Bondholders—The city has au¬
Bond Offering—Bernice Handy,
000
airport
construction
bonds ments have paid this tax since early this'month providing for the thorized the refunding of a cer¬ Village Clerk, will receive sealed
its enactment
in 1932, but the refunding 1 of ■ $2,709,000
of out¬ tain (portion of its outstanding bids until noon on April 29 for
was voted at a recent election.
The plan bonds which are scheduled to the
governor has
recently signed a standing indebtedness.
purchase of $5,000 drainage
Detroit, Mich.
law exempting them.
contemplates a saving of $305,- mature from 1944 to 19.50, incl.,
system bonds. Dated June 1, 1944.
Proposals For Fiscal Agency—
192 in interest charges, it was said, and in exchange therefore is of¬
Denom. $500.
Due $500 Sept. 1,
Charles G.
Oakman, City Con¬
MISSOURI
and is being subjected to analysis
fering bonds maturing from 1964 1945 to 1954. Bidders may bid for
troller, will receive proposals, up
by the Borough Council and the to 1971 on the basis of 100 for a different rate of interest in a
Lexington, Mo.
to 11 a.m. (EWT) on May 1, from
Auditor.
present bonds against 100.50 for multiple of y4 of 1%.
Bonds Approved—At an elec¬
Enclose a
banks and trust companies in De¬
the refundings.
The refunding certified check for $100, payable
Maplewood Township (P. O.
troit, and the city of New York, tion held recently an issue of
bond will bear the same rate to
to the village.
Maplewood), N. J.
for the services of fiscal agent $40,000
municipal airport pur¬
Bond Sale —The $65,000 joint the present maturity date as the
for the period from July 1, 1944, chase bonds was approved.
Township North Middlebond tendered in exchange, and Lemon
trunk sewer bonds offered for
and
continuously from year to
town Fire District (P. O.
NEBRASKA
sale on April 18—v. 159, p. 1492— 3^4% thereafter to final maturity.
year to June 30, 1947,
provided
Middletown), Ohio
The offer applies to $2,000,000 of
were awarded to the Maplewood
that either party may withdraw
Bankers Life Insurance Co., Neb.
The $6,000 fire apparatus bonds
Bank & Trust Co., of Maplewood existing debt and further infor¬
by giving 60 days' notice before
Bonds Sold—The above named
mation will be made available by offered for sale on April 15—v.
as
Is, paying a price of 100.101,
the expiration of any fiscal year.
company on April 11 liquidated a a basis of about 0.983%. Dated the fiscal agent, Harry Braver- 159, p. 1607—were awarded to the
Proposals will be received only block of 28 lots of
Monroe National Bank of Monroe,
municipal ob¬
May 1, 1944. Denomination $1,000. man, 1060 Broad St., Newark 2,
in accordance with specifications,
as 13/4s,
at par. Dated March. 1,
'
'
ligations aggregating $775,000.
Due May 1, as follows: $4,000 in N. J.
copies of which may be obtained
1944.
Denomination $600.
Due
An
account
headed
by
the 1945 and 1946, $6,000 in 1947 to
Runnemede, N. J.
by writing to Mr. Oakman, Room
Northern
Trust
$600 Oct. 1, 1945 to 1954.
The
Company pur¬
1955, and $3,000 in 1956. The next
2008, Water Board Bldg,, Detroit.
Refunding
Considered — The other bidders were as follows:
chased $200,000 of the tax ex¬
highest bidder was: M. M. Free¬
Bidder—
Int. Rate
Price
Funding
Commission
is
Nankin Township School District
empts.
Northern purchases in¬ man & Co., for 1.05s, a price of State
2%
100.3$
considering the borough's appli¬ J. A. White & Co
No. 7, Mich.
cluded $100,000 Louisiana 5s due
100.311. Other bidders were:
Provident Savings Bank &
cation
for
permission to issue
Tenders Wanted—John R. Stin- 1950-51-53 for a price of 126.197,
Trust Co., Cincinnati—
2
100.21
Bidder—
Int. Rate
Price
and a total of $100,000 Colorado
100.^1
son, Secretary Board of Education,
$245,000 refunding bonds of 1944. Weil, Roth & Irving Co.— 2
Dolphin & Co
.—
1.10%
100.20
.
,
'
—
.
will receive sealed tenders of
re¬
funding bonds until 4 p.m. (EWT)
on May 9, 1944.
Offerings should
state
bond
amount
for
numbers
which
and
they
thedistrict.
will
the
be
Offerings
should be firm for three days.
sold
to
highways;
radoes
$68,000
were
of
the
Colo-
2%s due 1945-46, and
brought a price of 102.886.
The
balance,
$32,000, were 3s due
1945-47-48,- and sold for 104.957.
No
reoffering. prices V were an¬
,
nounced.
Webster Dougherty
A.
&
Co.
MacBride, Miller & Co.—
B. J. Van. Ingen & Co.— '
H.
J.
L.
S.
Allen
&
Co.
Campbell
&
Co
1.15
1.20
1.20
Lima, Ohio
Belmar), N. J.
100.19
100.07
South Belmar (P. O.
100.06
100.03
Borough
Council City Council passed an ordinance
passed on final reading an ordi¬ calling for an issue of $850,000
2 % water system mortgage reve¬
nance calling for an.issue of $9,nue
bonds.
Dated May 1, 1944.
500 fire pumper bonds.
100.172
100.17
Co,—1.20 1 v 100.08
—
VA
100,26
Rippel & Co
Boland, Saffin & Co
Halsev, Stuart &
—
1.10
1.10
1.10
Bond
cently
Ordinance
the
Passed
—
Re¬
Bond
Ordinance
Passed
—
The
Volume
NumSer 4275
159
THE COMMERCIAL &
The bond issue was floated by obtained by the city to invest it
Borough Council over the protests in short-term Government bonds
of a group of citizens and tax¬ bearing
2%' interest,
possibly
more.
payers who carried their fight to
The
Government
bonds
the Dauphin County Court in ap¬ can be sold when the time arrives
ed and for the combined total of
these issues and must be upon pealing from
the action of the to use the money for projects un¬
blank forms which will > be fur- Department of Internal Revenue der consideration. Meadville took
nished by the County Controller in approving the proposed bond this course with a $75,000 bond
1
issue for constructing a new in¬
upon
application.
The
County issue.
will pay or refund any tax which
Many of the judgments which cinerating plant.
It was able to
may be legally levied or assessed are being satisfied were held by float its bonds at slightly less than
including the 1% and invested the funds in
upon the bonds or upon the debt utility companies,
secured thereby under any pres-r Scranton Electric and the Scran- Government bonds yielding more
ent or future law of the Common^ ton-Spring Brook Water Service, than 2%.
The city will sell the
Due May 1,
in 1945 to
1949, $40,000 in 1950 to
1954,
'$60,000 in 1955 to 1960, and $70,'000 in 1961 and 1962.
Principal
rand interest payable at the City
office:
County Commissioners upon
acceptance of the highest and best
bid. Registerable as to principal
only.
Bids must be uncondition¬
'
,
Ohio (State
1703
the
Denomination $1,000.
as
follows:'
$30,000
•Treasurer's
FINANCIAL CHRONICLE
of)
,
.
;
.
J,
Municipal Market Unchanged—
A. White & Co., Cincinnati,
stated
Prices
i
April
on
in
19
follows:
municipal
as
Ohio
the
market have, held steady and un¬
changed
the past week. wealth. The sale of the bonds is
yield on 20 Ohio
subject to the approval of the pro¬
bonds remains today at 1.32%,
ceedings authorizing the bonds by
for '• 10 high grade bonds 1.17 %,
the Department of Internal Af¬
and for
10 lower grade
bonds
fairs.
In the event that prior to
,1.46%.'\
the delivery of the bonds the in¬
;
This is only the second week in come received by private holders
! 1944 in which prices for Ohio
from bonds of the same type and
/municipals have not gone higher. character shall be taxable by the
terms of any Federal income tax
Warren, Ohio
;: Bond Sale—The $72,000 : im- law, the successful bidder may, at
f
provement refunding bonds of- his election be relieved of his
fered for sale on April 14—v. 159, obligation. under the contract to
'p. 1398—were awarded to Halsey, purchase the bonds and»in such;
! Stuart & Co., as Is, paying a price case the deposit accompanying his
during
Our index of the
-
'
•
of
bid will be returned. The
100.428, a basis of about 0.87%.
Dated April 1, 1944.
Denomina¬
tion $1,000.
Due $6,000 April and
Oct. 1, 1945, $7,000 April and Oct.
:
success-
fur bidder will be furnished with
■
for
services rendered ito the bor-r
Governments. when the time
ar¬
It was learned that some rives to build the new plant.
of
the
judgments
have
been
RHODE ISLAND
assigned to the Scranton Lacka¬
wanna Trust
Company for han¬
North Kingstown, R. /.
dling.
Bond Issuance Planned^—Prepa¬
The bond
issue carries 3V2% rations
to float a $50,000 bond
interest, it was reported.
In dis¬ issue for development of the!
missing the appeal of the Duryea town water system
supply source;
group, the Dauphin County Court are said to have been taken re-!
ough.
ruled that the indebtedness of the
not being increased
since the money realized would
be used in paying off debts al¬
ready owed by the borough. The
attacking group contended that
borough
the
was
cently at
Council.
is
said
a
meeting of the Town
Issuance
have
to
of
been
the
bonds
authorized
the
.
der the provisions of the resolu¬
tions authorizing said
bonds, from
the
net
from
TENNESSEE
bond issue should have been
-
4
t.
.
_
»
conditioned.
No
bid
must be
will
be
cepted for less than par and
crued
interest
The
bonds
the
proceeds
scribed
for
to
to
June
be
of
bonds
the
have
redemption
,
Co., Cincinnati—-Assel, Kreimer & Co.—
,
100.04
10(K576
1
bonds.
Dated May 1,
,1344
Denom. $1*000.
Due Nov. 1,
Youngstown, Ohio
t
!
as
follows: $12,000 in 1945 and
Bond
Issuance
Authorized—
$13,000 in 1947 to 1950,
The City Council authorized re¬ 1946,
$14,000 in 1951 to 1955, $15,000 in
cently the issuance of $217,000
1956 to 1959, and $16,000 in 1960
refunding bonds to meet Oct. 1,
iy«
funding
1944, maturities.
to
/■
.
•:■
OKLAHOMA
4
.
.
Faxson
School District,
*
Ohio.
Bonds Voted—An-election held
.
recently resulted in favor of issu¬
ing $6,500 construction bonds...
McAlester, Okla,
1963.
Bids
of
interest
Plans
Bond
Election—It
to
received
will
be
considered..
bonds may^be registered as'
principal only.
These obliga¬
tions will be payable from un¬
The
limited
was,
the
be
to
ad
'
recommended
will
only for the entire issue and at
only one rate of interest, and no
bid combining two different rates
valorem
The
taxes.
bonds will be sold to the highest
City Coun¬
cil recently to proceed with steps
toward submitting to the voters
in the near future an issue; of
responsible bidder, provided such
bid is not less than par and ac¬
crued interest.
The highest re-,
Nowata, Okla.
.
whole amount of the issue at the
sponsible shall be the one who,
$200,000 water works and sewer having complied with the con¬
bonds.
,/ ■/■;'/
ditions of Sale, offers to take the
>
. ;v '-v.
"
Bonds Voted—An election held
•recently resulted
in favor of is-
isuing $6,000 fire equipment bonds.
OREGON
lowest
interest
cost' to
the
bor¬
ough, which shall be determined
by
deducting
from
the
total
amount of interest to be paid on
account of such bonds during the
life thereof, the amount of pre¬
Corvalis, Ore.
;
Bond Sale—The $25,000 emer¬ mium offered, if any, over and
gency bonds offered for sale on above the face amount of .the is¬
/April 17—V; 159, p. 1494—were, sue. The'enactment, at any time
awarded
to
the
First National. prior to the delivery of the bonds,
Bank of Portland, paying a priced of Federal legislation which in
oi 100.10, for $7,000 as 2s and
$18,000 as IV2S.
Dated April 1,
1944.
Dehorn. $1,000.
The next
highest bidder was the, First Na¬
tional Bank, Portland, for $25,000
HAs, at a price of 98.25.
terms, by the repeal or
omission
otherwise, sub¬
Federal income, tax the
of exemptions or
jects to a
Other bidders
1969.
were
lows:
Blair
M.
M.
&
Co.,
Inc.____—1%$*
Freeman &
H.
H.
W.
Price
VA
100.566
101.31'
VA
Johnson & iCo._____
Singer, Deane & Scribner_
5.
fol¬
100.865
VA ""
Co
Prospect Park State Bank
a.
as
r/'r"'
Int. Rate
Bidder—
*
.
100.409
1%
101.285
1%
-
Darby Nat'l Bank,
Upper Darby
101.178
1%
100.03
l7/a
100.00
2'A
Rollins & Sons
H. Newbold's Son & Co.
100.885
Upper
>
Co.,
Bank
&
>
Trust
Prospect Park
interest
on
bonds
of
a
class
or
100.394.
Other
bidders
were
as
follows: S. K.
turn of the amount
burgh), Pa.
Offering
—
Robert
G.
with
de¬
called
fJune 1, 1944,
on
and the successful bidder must be
prepared to accept delivery of the
refunding bonds on or prior to
that
date;
If is anticipated that
the bonds will be ready for de¬
on or
about April 30, 1944.
certified check for 2%
of the amount of the
bonds, pay¬
able to the City Treasurer.
a
Maryville, Tenn.
Bond Call—P. K.
Costner, Sec¬
retary-Treasurer Maryville Elec¬
tric System, reports that electric
system revenue, Series A, bond
Nos. 281 to 335
ment
are
June
1,
bonds
are
called for pay¬
on
June 1, 1944, at par plus>
a premium of
4%, Dated June 1,
1939. Denomination $1,000.
Due
1955
and 1956. These
payable at the Chemi¬
cal Bank & Trust
City,
or
Halsey, Stuart & Co.™--,
Blair & Co., Inc
the bid.
Hemphill,
deposited with
These bonds are issued
Nashville; C. H. Little & Co., of
Jackson, Clark & Co., of Nash¬
ville, and L. H. Ghormley & Co.,
of Knoxville, as 2 V2S, paying a
price of 101.00, a bsis of about
2.36%.
Dated
Dec.
1,
1943.
Denom. $1,000.
Due June 1, as.
follows: $25,000 in 1948, $26,000
in 1949, $27,000 in 1950, $28,000
in 1951, $29,000 in 1952, $30,000
in 1953, $31,000 in 1954, $32,000 in
1955 and $14,000 in 1956.
at the
Co., New York
at the Bank of
terest
Maryville,
option of the holder.
ceases on
In¬
date called.
Murfreeshoro, Tenn.
Bond Offering —W. M.
Draper,
City Recorder, will receive sealed
bids until 7.30 p.m. on
April 27
for the purchase of
$303,000 elec¬
tric system revenue
refunding Se¬
ries B bonds. Dated Dec.
1, 1943.
Denomination $1,000. Due June 1,
as follows:
$29,000 in
in
—
Cunningham & Co.
for Is, at a price of 100.327, and
character
which, includes these
bonds, will, at the election of the Halsey, Stuart & Co., for Is, at a
purchaser, relieve the purchaser price of 100.098.
Other bidders were as follows:
from
his obligations under the
PENNSYLVANIA
Bidder—
Int. Rate
Price
.terms of the. contract of sale and
Allegheny County (P. O. Pitts-1 ' entitle the
100.327
purchaser to the re-, S. K. Cunningham & Co. 1 %
Bond
ac¬
1944.
above
been
so
ac-
1947, $30,000
1948, $31,000 in 1949, $32,000 in
1950, $33,000 in 1951, $34,000 in
1952, $35,000 in 1953, $36,000 in
Reading School District, Pa.
Bond Call—P. W. Smith, City
'•»
Bond Sale—The $250,000 tem¬
1954, $32,000 in 1955, and $11,000
Clerk, reports that 3%% electric in
1956.
The bonds are optional
porary general obligations offered
system revenue Series A bonds for
for
sale
on
April 18—v.
159,
redemption in inverse numer¬
Nos. 134 to 375 are called for pay¬
ical order on any interest
p.
1495—were awarded to the
pay¬
ment on June 1, 1944 on which
Berks County Trust Co., of Read¬
ment date prior to maturity at
date interest ceases.
Dated June
premiums of $20 per bond to and
ing, at 0.45% discount, .plus a pre1, 1939. Denom. $1,000. Due June
minum of $13. Dated May 1, 1944.
including June 1, 1948, and re¬
1, 1948 to 1956.
Funds for pay¬
Denom.
$50,000.
Due Aug. 15,
ducing at the rate of $2.50 per
ment of said bonds and payment
1944.
year
for
each
year
thereafter.
of the required redemption pre¬
Bidders are requested to specify
Sharon, Pa.
miums and interest thereon due'
the rate or rates of interest which
Bond Sale—The $85,000 refund¬
June 1, 1944, will be available at
the bonds are to bear in multiples
ing bonds offered for sale on
the Chemical Bank & Trust Co.,
of 1/4 of 1%, and the bonds will
April 18—v. 159, p. 1607—were
New York City, and the Peoples
be sold to the bidder offering to
awarded to E. H. Rollins & Sons,
National Bank, LaFollette.
of Philadelphia, as Is, paying a
pay par and accrued interest to
June 1, 1944, and specifying the.
Lenoir City, Tenn. *
price of 100.419, a basis of 0.933%.
rate or rates which will result in^
Dated May 1, 1944.
Denom. $1,Bond Call
Alex Bailey, City
000.
Due
May 1, as follows: Recorder, reports that 31/4% and the lowest interest cost to the City
the
consideration
of
$8,000 in 1946 to 1950, and $9,000 3'%% electric system revenue Se¬ without
in 1951 to 1955.
The next high¬ ries A bonds Nos. 35 to
premiums except in the case of
130, 132
identical bids. The bonds are is¬
est bidder was Singer, Deane & to
148, 151 to 163, 166 to 181, 183
Scribner, and A. ^pbsier Dough¬ to 198, and 201 to 214 are called sued for the purpose of refund¬
erty & Co., for is, iat a price of for payment on June 1, 1944. ing a like amount of the outstand¬
__—
Interboro
.
'
1,
refunded
*
.
derived
Cutler, of
Chicago, and all bids
,
,•
be
operation of the City's
electric distribution system.
The
City will supply the approving
opinion of Chapman &
the opinion of Burgwin,
.
.
to
revenues
the
Enclose
LaFollette, Tenn.
Scully & submitted to the voters for ap¬
Bond Sale—The $242,000 elec¬
Churchill, of Pittsburgh that the proval.
Such approval is only tric
system
revenue
refunding;
1, 1946 and 1947, and $8,000 April, bonds are valid general obliga¬ necessary where the indebtedness
series B bonds offered for sale,
'and Oct. 1, 1948 and 1949. The tions of the County, payable from is
being
increased, the court on
April 18—v. 159, p. 1607-—
■'
V:
-next highest bidder was Braun, ad valorem taxes levied upon all ruled.
were
awarded
to
a
syndicate
Bosworth & Co., for Is, at a price the / taxable
property
therein
Prospect Park School District, Pa. composed of the Equitable Se¬
.of 100.32.; Other bidders were as without limitation as to rate or
Bond Sale—The $35,000 school curities
Corp., John Nuveen &.
-follows:
j •.
~v;;'< amount Enclose a certified check bonds offered for sale on April 13
Co., of Chicago; Davidson & Co.,
for $28,800, payable to the County.
Bidder—
:
Int. Rate
Price
—v.
159, p. 1399—were awarded of Knoxville;
Cumberland Se-;
Braun, Bosworth & Co.L_
l'/o
100.32
to A. Webster Dougherty & Co., curities
Arehbald, Pa.
IStranahan, Harris & Co.,
*
Corp., of Nashville; Ba'rInc.
1
100.20
of Philadelphia as DAs, paying a cus, Kindred & Co., of
Bond Offering—Ruth McHale,
Chicago;
Ryan, Sutherland & Co.™
1
100.13
Borough Secretary, will receive price of 100.172, a basis of about Nashville Securities Co., of Nash¬
Ohio Co. of Columbus™.:
1
100.04
1.237%. Dated April 1, 1944. De¬ ville; James F. Smith & Co., of
J. A. White & Co.
1
100.04
sealed bids until 8 p.m. (EWT)
Weil, Roth & Irving Co.,
*
v
$1,000.
Due
$7,000 Knoxville; J. C. Bradford & Co.,
on
May 2 for the purchase of nomination
Provident Savs. Bk. &
$270,000 coupon funding and re¬ April 1, 1949, 1954, 1959, 1964, and Jack M. Bass & Co., both of
Tr.
like
a
Series A, and will be
payable, to¬
gether with the unrefunded bonds
of Series A, and such
obligations
as may be issued on a
parity un¬
livery
recently by the voters.
of refunding
purpose
principal amount of the outstand-,
ing electric system revenue bonds
Noyes
& Co—
1
lVa
lVfe
100.098
100.17
100.109
Dated June
1, 1939. Denomination
$1,000. Due June 1, 1945 to 1956.
Funds for payment of said bonds
and payment of the required re¬
demption premiums and interest
thereon due June 1, 1944, will be
available at the Chemical Bank &
Trust
Co., New York City, and the
National Bank, Knox¬
Hamilton
ville.
Interest
ceases
on
date
ing electric-system revenue bonds,
Series A,, $148,000 electric system
revenue
refunding
bonds,
and
such obligations as may be issued
parity under the provisions
authorizing said
bonds, from the net revenues to
be derived from the operation of
the
City's electric
distribution
system.
The City will supply
the approving opinion of Chap¬
man & Cutler, of Chicago, and all
bids n\ust be so conditioned.
No
bid will be accepted for less than
par and accrued interest to June
on
a
of the resolutions
-Woodside, County Controller, will subject to the favorable opinion R. H. Johnson & Co.____ VA
100.41
called.
McDowell National Bank,
sealed bids until. 11 a.m.
of Townsend, Elliott & Munson,
Sharon
VA.
100.30
(EWT) on May 2 for the purchase of
Loudon, Tenn.
Philadelphia, and will! be de¬ First Nat'l Bank, Sharon VA
100.94
of the following 2% coupon bonds
Bond Offering—W. S. Watkins.
livered to the purchaser only if
aggregating $1,440,000:
Titusville, Pa.
and after the proceedings author.-;
City Recorder, will receive sealed
$780,000 road, Series 51 bonds.
Mayor Favors Bond
Issues- bids until 10.30 a.m. on April 25 1, 1944. The bonds to be refunded
izing the issuance thereof have
with the proceeds of the above
.200,000 airport, Series. 7 bonds.
been approved by the Department Mayor Hoehig said recently that for the purchase of $92,000 elec¬
described bonds have been called
'150,000 park, Series 13 bonds.
of Internal Affairs.
Enclose a he had instructed the City Solici¬ tric system
revenue
refunding
for redemption on June 1, 1944,
; 130,000 bridge, Series 30 bonds. certified check for 2% of the tor to prepare two bond ordi¬ Series A bonds.
Dated Dec. 1,
and the successful bidder must be
100,000
building
improvement, amount of the bonds, payable to nances, providing for issues of 1943.
Denomination $1,000. Due
Series 14'bonds.
$40,000 each, one of which con¬ June 1, as follows: $5,000 in 1945 prepared to accept delivery of the
the Borough Treasurer.
7"80,000 County-Aid sewer, Series
templates the construction of an and 1946, $6,000 in 1947 to 1950, refunding bonds i on or prior to
Duryea, Pa.
that date. It is: Anticipated that
incinerator
for the disposal of
'J
1 bonds.
$7,000 in 1951 to 1956, and $8,000
Dated .May 1, 1944. Denomina-.
Bonds Sold—The following, re¬ garbage and refuse and the other
the bonds will,be ready for deliv¬
in 1957 and 1958.
The bonds are
tion $1,000. The combined matur¬ port is taken, from the Scranton the construction of an
intercept¬ optional for redemption on June ery on or about May 1, 1944. En¬
ities are as follows: $60,000 May 1, 'Times" of April 8:
ing sewer, which the State De¬ 1, 1945, and on any interest pay¬ close a certified check for 2% of
1945 to 1350, $55,000 ,May 1, 1951
Judgments amounting to $162,- partment of Health is insisting ment date thereafter at par and the amount of the bonds, payable
to 1960, $50,000 May 1, 1961 to 000
against Duryea Borough are upon as the first step toward the accrued interest plus a premium to the City Treasurer.
1964, $35,000 May 1,.1965 to 1970, now being satisfied out of funds establishment of a sewage dis¬ of
Bond Call—W. M. Draper, City
$25 per bond to and including
and $30,000 May 1, 1971 to 1974. realized
through the sale of a posal plant,
June
1,
1948,
$20
per
.bond Recorder, reports that 2%% an
Rate of interest to be in a mul-L bond issue for that amount to the
The bond ordinances will pro¬ thereafter and to and
including 3% electric system revenue Se¬
tiple of %. of 1%, and must be Cincinnati, Ohio, brokerage con-* vide for inviting bids on bonds June
1, 1950, and $10 per bond ries A bonds Nos. 135 to 411 and
the same for all of the-bonds, and cern of
Kline, Lynch & Co., Inc., bearing interest not to exceed 1% thereafter to and
including Dec. 417 to 442. are called for payment
the rate will be determined by it was learned
and when the money has been
today,.
1, 1957. The bonds are issued for on June 1, 1944. Dated June 1,
receive
.
*
1939.
The net debt of the
Denomination
$1,000,
Due
1, 1947 to 1956.
Funds for
payment of said bonds and pay¬
ment of the required redemption
premiums and interest thereon
due June 1, 1944, will be available
at
the Chemical Bank & Trust
Bonds
Offered
In
syndicate headed by
Smith, Barney & Co., New York,
made public offering in this coun¬
tric
April
on
159,
20—v.
awarded
were
*
revenue
refunding,
bonds offered for sale
A
to
1608—
p.
Boston
{
Brownsville, Texas
connection
April
Bonds Tendered—In
with the call for tenders on
13, 3% refunding bonds, Series
1941, City Secretary E. Willman
reports that $2,000 bonds were
tendered at 99.50, plus accrued
interest.
(P. O. Coman¬
che), Texas
Comanche County
Redeem Bonds
To
Margaret
—
County
Treasurer,
reports that the County has exer¬
cised the option granted by Ar¬
ticle 720, Revised Civil Statutes
of the State, 1925, to redeem on
May 15, 1944 all of the outstand¬
ing balance of 3%J court house
bonds aggregating $60,000, dated
Broadstreet,
15, 1939, maturing $3,000
15, 1945 to 1964. Said bonds
shall be presented on said date at
Feb.
Feb.
Capital National Bank, Aus¬
tin, where
bonds will be re¬
deemed at par and accrued inter¬
est. Interest ceases on date called.
the
,
Stock¬
County (P. O. Fort
Pecos
ton), Texas
Gorom,
Bond Call—Ladonia M.
County Treasurer, reports that
the county has exercised the op¬
tion
by Article 720, Re¬
granted
Statutes of the State,
Civil
vised
1925, to redeem on May 15, 1944,
which date interest ceases, all
the
outstanding
balance
of
on
of
road and bridge refunding
bonds to the amount of $29,000,
5Vz%
15, 1925; denom. $1,€00, maturing May 15, as follows:
$2,000 in 1944 to 1950 and $3,000
in 1951 to 1955.
Said bonds shall
dated
May
presented on said date at the
State Treasurer's office for pay¬
be
at
deemed
will
they
where
ment
be
re¬
Texas
T.'Henderreports that at
Voted—Geo.
Bonds
son, City Clerk,
the election held
sue
of $3,500,000
bonds was
enue
recently, an is¬
water works rev¬
voted.
VERMONT
i
Burlington,
t
Vt.
'
Reduced
Debt
bonded
debt
—
The
city's
$1,-
stands at
now
$120,000
it is stated.
702,150, having paid off
during the past year,
A
block
bonds
loan
and
$5,000
June,
$20,000
entire
It
emergency
retired recently
was
more
will be due in
according
Treasurer.
•the
of
is
to
the
City
expected
indebtedness
liquidated by 1959.
will
that
be
amounted
1943,
to
The sur¬
fiscal year
the
for
year
was
$1,«
This
i
and publicly
offered in the United States since
g
24,742,651
49,616,172
'■Temporary loans (U. S.)—
U. S. Possessions
29,062,171
68,881,771 184,030,853
loans
$30,000,000 Province of Quebec
3% and 3 *4% serial bonds were
1939.
in
>
..
MQ.
situation
is
discussed
in
Total
Montreal, Que.
-
...
"Includes
"Unless
of
holders
claims
repre¬
senting at least 33V3% of the total
debt affected by the said plan
vote
against it, the plan will come
and will bind the par¬
into force
subsequently
by the
ties
when
and
confirmed"
ratified
Quebec
Municipal Commission.
A copy of the plan of financial
reorganization and the forms of
certificates of deposit, application
for
registration,
structions
proxy
and
in¬
for voting may be
ob¬
of Montreal,
from the Bank of
tained from the city
at
Montreal,
or
Montreal, 47 Threadneedle
London, England.
v
St.,
detail
in
the
current news letter
Of this figure, $52,110,-
For the same
122,950,822
232,979,097 241,560,515
218,781,752
securities issued
in March; None in
and $45,000,000 in 1940.
by New York City
1942;
none
in
1941,
1944;
permanent
made during March were
for March and the three months for a series of years.
figures temporary loans, New York City's "general fund"
these
A
public offering of Proviifce of New Brunswick bdpds, totaling $5,500,its funded debt and to retire b$nk loans.
000, is now being made in this country by an
Underwriting
group
headed
by Smith, Barney & Co., New York.
The issue, bearing
interest and for refunding purposes, was registered with the
SEC on April 5.
2V4%
was
contracted in this country
dur¬
ing March.
given in the table below
securities placed in March in the last five years:
Month of
$99,979,064
1930——
1929
-
——_$125,428,605
105,775,676
49,616,172
156,142,104
48,889,344
209,615,576
1928_:
179,648,561
308,163,858
1927——
1943__..„_
-
1941
"'
—
—
340,253,337
119,325,184
276,948,227
1925_
1938
109,859,180
221,339,709
1924
83,570,146
—
—69,575,262
59,345.983
309,562,106
1923—
316,137,064
1922
300,921,678
1921
98,012,229
218,265,914
1920
13,928,639
67,335,063
1919
1932_„._„_.L__— 109,163,071
282,703,824
1918—
279,508,181
449,603,589
1917
.
1935
1934_,
1933
—_
1931___
-
Rate
Name
No.
Agricultural
1195
Alachua
1295
.....various
Auburndale, Fla. .............i..—3 lA
Auburndale, Fla.
A—...3%
Auburndale, Fla.
3'A
1292
1292
1083
1490
Charleston,
Columbus,
Dublin, Ga.
1085
East
1395
1-3,600
1394
Fairfield
Co., Iowa
1945-1954
Omaha
1295
Fairfied
1085
Ala.
Freeport,
1946-1964
County,
Haverford
1400
Henderson
0.61
r370,000
15,000
1945-1956
39,000
1945-1949
rioo.ooo
1945-1959
....
r248,000
100.03
1-100,000
100.64
1945-1953
rd33,000
1.03
1954-1959
rdl8,000
1.03
1949-1957
1396
Milton, Mass.
r413,000
1946-1952
d4,000
1945-1954
Moline,
Newport,
219,374
1397
New Rochelle,
(State of)
New York
981
District
County,
Osceola
Paducah,
1199
1395
Paducaht Texas
Palo Alto County, Iowa
1083
Pinellas
Ky.
—_
101.13
1.05
r250,000
100.58
0.632
1,750,000
20,000
40,000
100.08
0.475
1945-1949
Rock Island County,
Rockport. Texas
Sac
1394
Parish,
Landry
Stamps,
Stamps,
111
Shelbyville, Tenn.
1398
Van
1293
Washington
D.,
115,000
Worcester,
1946-1956
Ysleta Independent
District, Texas
Zanesville, Ohio
1086
Zebulon,
d
sales
bond
85
1945-1957
r39,000
100.50
101.00
1.60
3A
100.63
0.622
1JA
1945-1951
7,000
100.81
1.07
1945-1954
62,000
100.73
1.36
670,000
100.38
0.67
r80,000
100.70
0.62
School
20,000
IV2
3A
—
3A
2V2
1945-1954
1949-50
rd310,000
1969
:JlVz-2V\
1945-1961
10,000
100.11
2.359V
..—,-2-2(4
—1
1945-1960
rl6,000
100.11
2.359-
1949-1953
1-25,000
100.55
0.92
1945-1972
—various
1945-1969
——various
(72 municipalities
March
rl06,000
100
r23,500
100
—
for
separate
k$24,742,651
issues)
Optional,
k Not including $29,062,171
municipalities from agencies of the
States and
temporary loans or
Federal Government.
funds
r
°
Maturity
Rate
1945-1959
...various
1296
Canada
Man.
(Dominion
of)—
0.75
1296
Canada
(Dominion
of)_„__
0.75
1400
Canada
(Dominion
of)...
1400
Montreal, Que.
1296
Montreal,
1400
Port
Brandon,
1400
Que
Emilien de Desbiens, Que
1200
St.
Sorel,
—ZVz
,—
.
v
Canadian
Amount
Price
1944
1944-1953
1944-1953
1945-1959
Basis
rd$500,000
0~38~
*128,980,000
r48,433,500
ar6,453,500
84,500
99.26
3.61
27,000
3 Mi
98.85
3.63
1,328,000
municipal issues sold during
loan; not included
Refunding bonds.
'
-
b3T
"146,020,000
"es,000,000
..
Que.
"Temporary
r
__0.75
,_21A-31A
.....—2Vi-3lA
Alfred,
1400
Rates.
Que.
*
obtained
Refunding bonds*
BONDS ISSUED IN MARCH
CANADIAN MUNICIPAL
Name
No.
2.44
150,000
r500,000
School
N. C
covering
107.24
108.80
1945-1950
Me
Zebulon, N. C.
Total
Fir
70,000
29,000
School
District, Texas
1295
100,000
0.585
5,500
1945-1959
100.80
r350,000
r224,000
Mass.
Water District,
1199
1086
1945-1950
1946-1956
Worth County, Iowa——
Ysleta Independent
100
rd25,000
1945-1962
1945-1964
Miss,-
1293
1196
0.54
2.79
Riverside
1395
,1199
2.08
100.02
100
r425,000
1-1,765,000
IV2
Township
York
0.57
100.18
1-40,000
1959
0.97
100.89
13A
„—
County,
S.
.
Pa._2V2
District, Ohio —;
Consolidated
1-125,000
1.80
100.21
rl,000,000
1946-1970
3A
Iowa,——
Buren
0.56
10O
1945-1980
——
Ohio
100.89
r70,000
1947-1978
1399
County,
r500,000
1948-1949
—
....
Uhrichsville,
1-335,000
1945-1950
—
Salem, Ore.
Shenandoah School District,
Sioux
2.64
1945-1964
——
1295
1198
0.63
100.03
1951
—various
La
1295
1292
100.59
127,000
.—
Ark.
Ark.
1.35
rl94,00Q
1945-1950
_—A——4——
Iowa
——
St. Louis Co. S. D. No. 23, Minn.
County,
St.
100.42
Road
1087
1394
1.28
26,500
1945-1978
Bridge Districts,
1292
0.97
100.35
1945-1959
1292
1397
100.15
d8,330,000
1945-1950
1196
1395
r200,000
1945-1962
various
3A
r82,000
1-153,000
1946-1994
—
1394
100.72
1949-1952
3A
1199
1295
1395
101.00
1945-1965
——
Special
County
1.913
1945-1959
Fla.—1.80
Pittsburgh, Pa.
———-1
Pocahontas County, Iowa-.
%'
Putnam County, Fla.;
2.10
Ringgold County, Iowa—
3A
Roane County, Tenn.—
—various
and
T95~*
100.58
1945-1950
Vz
Iowa—_——
1292
1395
IOO.619
r60,000
rios.ooo
1945-1949
N.
2,
No.
0.85
33,200
Center
Y.__„_—1.40
Belden
Niagara
1398
N. Y
1.77
100.78
40,000
1954-1958
0"57*
3.75
1945-1957
.-4
2Vz
1
.—1.30
Sewer
—
96.25
100
1964-1968
...
...
Ky.
100.86
r260,000
—.—.-114
—————,—-
111.
1491
1292
1.94
r25,000
1948-1949
1945-1973
———.
—
1.99
1958-1960
1957
——
McGregor, Iowa
0.852
r58,500
3
High'Point, N.. C._„
"—L.
2
Hillsborough County, Fla.———2
Hickman County, Ky
3
Hickman County, Ky.————__3'/4
Idabel, Okla.
——
-214
Ida County, Iowa____————%
.Jefferson County, Ala._...
—1
Johnson County,: Ky
33A
Kansas City, Kan._.i
...—.—1
LaJunta, Colo.2.
Lexington, N. C
various
Lexington, Tenn.
—.———2
Lorain, Ohio
——l'A
Lyon County, Jowa__._—....... %
Massachusetts (State of)
Vz
1196
100.19
r479,000
Dis¬
School
County
0.91
rl65,000
1945-1964
%
Pa—_
1.30
100.27
150,000
1947-1953
N. C,—various
Miss..various
Township,
100
50,000
1-40 years
trict, Texas
1293
100.64
.
14,000
2-11 years
various
—-1
County, S. C
Harrison
1292
1-350,000
Au¬
Housing
Gastonia
1086
r212,000
1945-1950
2
—
1397
1083
1.69
1-15 years
1198
1199
1.60
100
1 to 10 years
Texas —.
Township,
1084
101.11
rl54,000
District,
Drainage
Alabama
1296
1086
r658,000
3
...—I
thority,
1084
75,000
1946-1958
1945-1958
%
—
——...i
Neb.
1292
32,747
250,000
Elizabethtown, Ky.
1086
0.93
rioo.ooo
1964
—3 Vz
Dickinson
1196
1083
100.39
rll0,000
Counties,
Miss. ;
1395
1084
1.73
r50,540
1966-1974
...134
Texas——..lVa-lA
Tunica
and
98.00
100.05
1945-1953
__.._~1
n
County,
trict,
1084
3~6<T
75,000
r300,000
Lake Cormorant Drainage Dis¬
;
1198
Basis
rd$l,000,000
1953-1966
.......3 Vz
Ohio
Tenn.
Denton
1394
Price
1947-1958
.various
Columbia,
Soto
35,017,852
Amount
__
111.
1086
De
..
1945-1968
Bettendorf, Iowa
Cicero, 111. .......
1197
58,838,866
28,376,235
1945-1962
of Texas
County, Fla
_
1084
51,570,797
—50,221,395
Maturity
Athens, Tenn.
1292
116,816,422
—
$316,829,935
251,388,122
364,000,414
372,613,765
359,623,729
326,297,507
295,559,537
246,574,494
292,061,290
204,456,916
174,073,118
106,239,269
75,130,589
101,047,293
and Mechanical
1399
College
,
101,135,402
—
150,313,900
1936__
116,898,902
111,067,656
—
128,568,023
1937
129,832,864
88,605,561
1926—
1939—
1940„_„^-_i__
3 Months
March
3 Months
$24,742,651
1942
For the
Month of
For the
March
Total
of all the various
by Canadian municipalities are excluded:
bonds and also issues
figures were $156,142,104 and $73,-
1603.
Highlight of the Canadian municipal market in March was the
successful sale of $54,886,500 Montreal, Quebec, various coupon series
A refunding bonds, of which $6,453,000 were placed privately in the
United States.
Completion of this financing was viWed as assuring
the success of the debt reorganization program of tn£\city.
Purpose
of the series A bonds was to provide the city* with fun<% with which
comparison is
None
of places in the United States selling
1399
initial award.—V. 159, p.
A
None
respectively. This contrasts with 59-62 for February.
comparative purposes we add the following table showing
1944—
010,000 respectively.
Temporary items of indebtedness disposed of by States and
municipalities during March totaled $29,062,171 and included issues
of $9,250,000 by Cook County, Illinois, and $5,000,000 by Boston,
Mass.
Cook County, incidentally, just recently canceled the award
made in November, 1943, of over $8,000,000 funding bonds to Chicago
bond houses.
Various difficulties attended the financing since the
No United States Possession
None
1943; $60,000,000 in
number
The
Hotel, 1160 Peal St., Montreal, on
May 30, next, on the city's pro¬
posed
debt reorganization pro¬
gram.
According to the notice,
aggregated $99,979,064.
on
None
bonds and the number of separate issues
In
consisted of issues in the refunding category.
defaults
877,356
the aggregate
On
are
$13,000 is really a serial maturity payable in 1
to 10 years, with the remaining $10,000 paid at the maturity of the
bonds.
Thus the $3,000, or 23% of the investment of $13,000 has an
average life of 5V2 years, while only the $10,000, or 77% of the invest¬
ment, has a life of 10 years.
By contrast, $10,000 worth of bonds
bought at par and due in 10 years, of course, produces an investment
none of which, except the income alone, will be returnable, and avail¬
able for re-investment, for 10 years.
The more money invested in
premium, the greater is the portion of the investment which is re¬
paid in serial installments, and therefore, the shorter is the average
life of the original investment."
Resuming our discussion of the volume of municipal borrowings,
our records disclose that financing undertaken in
the first quarter
to clear up
750,000
1,049,529
110,631,322
—
—
temporary
in
$40,000,000
Debt Refunding—
being advised that
a
meeting will be held in the
Prince of Wales Salon, Windsor
Hearing
Creditors
of the investment of
current year
None
58,900
U. ,S.—
in
For
the caption "Exposing
the various objections
cited by some investors against high premium offerings and sets
forth the reasons why such objections "are not well founded."
Un¬
fortunately, space limitations preclude giving other than the follow¬
ing excerpt from the letter:
"In the fourth place, a high premium shortens the average life
of the investment.
For this suggestion we are indebted to Mr. Irwin
Moster of the Weil, Roth and Irving Co., and we think it deserves
development.
Ten thousand dollars par value of bonds bought at
130, of course cost $13,000. The premium of $3,000 is to be amortized
out of the interest collected each six months.
Thus, this much of the
investment, the premium of $3,000, is returned to the investor in
periodic installments as the coupons are collected, beginning with the
first coupon collected.
If the bonds mature in 10 years, then $3,000
740
None
4,452,879
Placed in Canada
72 and 85
issued by J. A. White & Co., Cincinnati, under
The Premium Bugaboo.",N The bond house lists
of the
None
50,373,000
6,453,500
Canadian loans (permanent):
QUEBEC
Long-term financing by States and their local subdivisions dur¬
ing the month of March amounted to only $24,742,651 of which $12,153,140 was for refunding purposes.
The total for the period was
just about 25%. of the average pre-war monthly volume of financing
negotiated by local governmental units. Again in March, a consider¬
able amount of liquidation was carried out by private sources and
public trust funds.
Operations of this character serve to offset in
some measure
the curtailment in new borrowings by public bodies
because of war conditions.
Offerings of this nature consist of bonds
antedating the New Deal easy money era, a fact amply attested by
the very high coupons carried oh the obligations.
Because of this
and the further fact that the securities are usually of prime quality,
the issues thus sold attract extremely high prices.
Various investors,
however, reportedly shy away from participating in purchases of
such bonds, because of the high premium factor.
This
83,570,146
60,862,425 133,584,250
48,889,344 179,648,561
None
Bonds
the
marketed
1940
,1941
1942
1943
$
(U. S.>—
Placed
issue to be registered
1944
March—•
Permanent
Provincial
first
the
is
Municipal Bond Sales In March And For First
Quarter
<
terest.
Wichita Falls,
Series
in¬ period in 1943, the comparative
and accrued
par
fiscal
1087
bentures,
2y4s,
TEXAS
w.
and accrued interest. The
Corp., Harriman Ripley &
composed of Equitable Securities
Co.,
Inc.,
Dominion
Securities
Corp., John Nuveen & Co., of Corp., A. E. Ames & Co., Wood
Chicago,
Davidson
&
Co.,
of Gundy
&
Co.,
Inc.,
McLeod,
Knoxville, Cumberland Securities
Young, Weir, Inc., Hayden, Stone
Corp., of Nashville, Barcus, Kin¬ & Co. and Whiting, Weeks &
dred & Co., of Chicago, Nashville
Stubbs, Inc.
The bonds are nonSecurities Co., of Nashville, callable and will be
payable as
James F. Smith & Co., of Knox¬
to principal and interest in Can¬
ville, J. C. Bradford & Co., Jack adian or United States funds at
M. Bass & Co., both of Nashville,
the option of the holder. Accord¬
C. H. Little & Co., of Jackson,
ing to the prospectus registered
Clark & Co., of Nashville,
and with the SEC, the province will
L. H. Ghormley & Co., of Knox¬
receive $5,383,125 of the proceeds.
ville, as 2 V4S, paying a price of This
amount, together with other
100.50, a basis of about 2.177%; general funcls of the
province,
Dated Dec. 1, 1943. Denom. $1,000.
will be used to retire at maturity
Due June 1, as follows: $7,000 in
on June
1 an issue of $1,250,000
1945 to 1947, $8,000 in
1948 to of 3% debentures, Series MP and
1951, $9,000 in 1952 to 1955, $10,- SJ, and at maturity on July
1,
000 in 1956, and $9,000 in 1957. an
issue of $4,250,000 of 3% de¬
The only other bidder was Stranahan, Harris & Co., Inc., for
paying a price of 100.378.
province at
742,950, it was said.
A
the underwriters include the First
syndicate
a
—
bonds, issued for refunding pur¬
poses,
are dated April
15, 1944
and
mature
April 15, 1948. In
addition to Smith, Barney & Co.,
elec¬
$108,000
system
Series
S.
of 99%
Rockwood, Tenn.
Sale—The
plus
of)
date try on April 12 of a new issue of
$5,500,000 214% bonds at a price
called,
31,
last
$81,124,088 (Canadian).
$5,500,000
U.
Co., New York City, and the MurCo., Mur-
Bond
BRUNSWICK
New Brunswick (Province
freesboro Bank & Trust
freesboro. Interest ceases on
of
Oct.
on
NEW
the
end
the
June
Monday, April 24, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1704
in
March
month's total,
$56,826,500
a Placed
privately in United
@FedFRASER