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ADM.
BUS.
UBRARt
APR 2 ( 194%
MONDAY
Reg. TJ. S. Pat. Office
Volume 167
Number 4693
New
AA
General
RAILROAD
a
Copy
Corporation and Investment News
PUBLIC UTILITY
-
Price 75 Cents
York, N. Y., Monday, April 26, 1948
INDUSTRIAL
-
INSURANCE
-
MISCELLANEOUS
-
k
Net
Allegheny Ludlum Steel Corp.—Subscription Agent—/
'■/;
The Bankers Trust Co.,
N. Y.,.is
Wall St., New York,
16
cumulative preferred stoek on the exercise
of. warrants which expire April 27, 1948. The trust.company has also /.
been appointed New York transfer agent for the. same issue.. See also '
V. 167, p. 1689.
*4/••/A'/AA-Z'
subscriptions to the $4.50
^
JamesVA^Parrell. jfrj. and
elected
'
Farrell
President
is
hf
AAA
and
of
director
v/'Farrell
the
totaled
$1.20
The
i
plants
of
Society
land
sold during
were
the- United
compared with
realized from the sale
for
1947
net
to
1947
States,
the
'
Equitable Life
$3,000,000.
sale
This
and
buildings only/the company retaining title to all
machinery, tools • and equipment.
At the same time the
leased the four, plants from the Equitable Life Assurance
Society for a period of 23 years with four renewal options of 10 years
company
each.
Inc.,
\
.
4«'V>.. '■?/.*■/•;>.
Inc.
Manufacturers
been established at its plant
at Carnegie, Pa.,, it has been announced by Joseph Kinney, Jr., Presi-,
dent.
Extensive construction work now underway at* the company's, •/
plant necessitated the shifting of the company's offices; from Pitts¬
burgh, Pa.
The plant is spread over more -ibkii ten acres with
about .94,000.-. square feet
under roof.£'V./•*'-3iA?The company's new rolling mill is now being installed, according .,,
to
the
announcement., Construction is going
oh under roof in the
'
company's
for
this
company
-
,
of
consists
metals
metals
The component
Co.
of
Buffalo.;//1 ,,/•/./
Machinery Co.
or
,
on
a
;/;//f
subsequent page.
VA/A/A AAv/A -4 r'/*//''■
FOR
/
'
CALENDAR
J.,,
.
1946
1947
-
and
royalties
of
sales
787,771
■
:
-i-i^^^._--^ii
Total income
Gross
Other
and
exel.
819,842
$25,050,828 $16,715,999
taxes—
22,407,762
16,388,839
4//—.ii—$2,643,066
expenses,
profit
$327,160
income
Total
Other
:
_
Federal
;,
income
corporate
—
taxes
and
527,194
$3,040,795
1943—Month—1947
Period End. Feb. 29—
.
'SUBS.
applicable to
buildings shown
Income
before
revenues
11,967,703
profit
sale,
on
3,595,632
1,110,548
817.261
680,651
1,136,391
1,378,940
1,026,959
,1,248.002
994,347
813,395
.
Depreciation
Federal income taxes—
Other, taxes
1—4
Xinternational
1„,
whicnever is lower:
from
1,221,507
affiliated
898,110
4,942,514
7,208,731
560,969
623,929
4,050,000
company___
advances to
and
foreign subsidiary,
Other
securities,
Mach. Co.
at
(affiliate)
—
4,050,000
wholly-owned
cost
44,353
— _———
covt——i//—.
at
Stock of American Machine & Foundry
31.60C
163,669
5,143,20'
jilant
♦Property,
and
———————L
tPatents, licenses, development, goodwill, etc.—
on
Prepaid
insurance,
Total
-v
credits
$366,089
/■■* 77 ,■;;■/ 7V
under
for
excess
profits
420,076
tax
Code
Net
on
v'A'iZ..,!—
449,957
———
152,431
$27,770,893 $24,043,67';
——
A '■/
payable
payable
and
accrued
llabiMties
§ Common
stock
(no
Operating income
jobbing
Capital surplus
Other
income
Gross income
3,103,195
,
electric
of
2,705,979
500,234
592,578
7~
plant
acquisition adjustm'tOther interest & deduc.
24,937
:
:
--
-
69,922
-
Interest charged to constructlon <Cr)/C
3.90%
cumulative
common
per
common
preferred stock
stock——
4—^.;/.'
.
312,000
$1,236,722
' /
i.
———-
78,000
891,490
reserves
1946,
tAfter
J
--u
-
-
for depreciation of
$1,588,321 in
amortization.; of
for
reserve
.
1947 and $2,414,231
$168,449.
♦♦Under
'Code.
of
of
profits tax carry-back provision of Internal Revenue
amortization cost, approximately market. 11405,000 shares
600,000 shares of no par value, authorized and issued, as
§§19,494
by directors in 1942.
167, p. 42.
common
shares bought for resale
/■
share—'ZP
$1.80
Notes
$600,000
i'
$1.05
and
taxes
on
274,201
1
wages—-——
than
other
Taxes
$1,200,000
116,605
payable to banks--———————
payable
————__—
Salaries
66,662
income—:
-21,078
251,053
taxes
income———
145,369
sinking fund 4'/4% bends
stock (par value $4 a share)-——-;
897,400
Paid-in
surplus
on
38,774.
*
15,175-
1,760
/Bal.
on
New York Stock Exchange
'
236,161
2,897,943
1,907,633
871,726
19,866,801
15,934,248
16,915,736
1,265,295
909,298
1,035,907
3,932,553
3,944,292
909,298
1,035,907
2,833,933 "
stocks
-/ of
consol.L_.iZ
ELEC¬
&
TRIC Co.—
Total undistrib.
•
net
/ •;;/
inc.
.
Income of American Gas
From
i
subs,
From
-v
consol.
Atlantic
Electric
/*'.
1,332,468
•
r
939,299
the
Electric
/
Gen.
Int.
Co.
253.543 /
2,243,565
"
&
fir misc.
net
32.246
deductions
44.458
exps.,
r. / 71,681
Federal
income
Divs.
preferred stock
•
on
Balance
earned
common
<
—V. 167,
taxes
p.
60,017
stock
per
165,
p.
.
:■* 41,667
49,439
'60,017 '
■
19,445,338
/ 519,159
*V 565,632
.
V
349.498 /
»
950.255
746,806
720,209 /
For the
this
977,000
2,035,162
1,793,952
18,967,932
p.
1690.
1947
charges
taxes
and
share—
-
$2,969.4°9
r
■
.
{
'1946
*
$3.30
"
week
or
—r46
28
April
amounted
17.89%y
."
a*
15,
1948 the 8ystem inputs of
subsidiaries
230,477.000 kwh., an increase of
the corresponding week of 1947,—V.
34,-
167,
.
^
President,
24 said in part:
1
Net
on
March
f
,
sale3, rentals and royalties for 1947 rose sharply to $25,051,000
compared with $16,716,000 for 1946, the previous best
year, an increase
$8,335,000. equal to 50%.
of
in
Z;;;
Amends Charter—
stockholders
The
restate
clearly
the
objects
conduct.—V.
and
the
forth
set
/
April
on
of
purposes
business
167, p. 42.
approved
20
which
proposal
a
the
the
to
as
so
and
more
authorized
is
"/'
■;
change
to
company
company
■/
to
-
American Rolling Mill Co.—Name
creased
The
,
A
of
name
'
;
this
■
company
shareholders
The
of
shares
ized.
common
Commenting
will
place
also
stock,
on
the
changed
.
to
'
'
"Armco Steel
of stockholders on April 15, Charles
The change became effective April 17.
approved
making
this
'
officially
was
Corp." at the annual meeting
R. Hook, President, announced.
Changed-—Stock In¬
'
a
increase
authorizing
total
in
of
3,500,000
8,000,000
common
stock,
additional
shares
author¬
Mr. Hook said,
Miscellaneous Features
167,
p.
company
in
a
position
to
secure,
1690.
State and City Bond Offerings——-——57
St. Louis Listed and Unlisted Securities
Dividends Declared and Payable—..———48
to
over
'i:-
NOTE—In
through the
use of common stock, additional equity capital whenever the directors
may deem such action in
the best interest of
the company."—V.
Redemption Calls and Sinking Fund Notices—48
The Course of Bank Clearings— ———47
ended
$3,437,449 '
depreciation of $298,006 in 1947 and $257,551
General Corporation & Investment News_Cover
$1,417.4°9
——$6.90
' $3,571,904
for
reserve
February, 1947, after obtaining the approval of the share¬
holders, the company completed its arrangements for an $800,000
15-year 4V4% mortgage indenture loan, the proceeds of which were
used to pay for the company's plant and office building and to furnish
additional working capital.
A few months later the land and buildings,
located
Immediately adjacent to its property to the south became
available for purchase. It was the considered judgment of the directors
that because of its proximity and because no other land adjoining the
company's plant is available to It for expansion, It would be expedient
to
purchase this additional property.
Consequently, the transaction
was
successfully consummated for the sum of $130,000, which repre¬
sented outside financing in the form of a 10-year 4lA%
mortgage
indenture loan of $97,400 and a cash payment of $32,600.
•
"This
American Machine & Foundry Co.—Annual
Report—
Morehead Patterson, Chairman and
,
Over-the-Counter'Markets—
16,709,594
Co.—Earnings Rise—
4,000
—-———
Transactions New York Curb Exchange-
3162.
company
kwh.,
——40
San Francisco Stock Exchange
——40
Montreal Stock Exchange
-41
Montreal Curb Exchange..-42
Toronto Stock Exchange—.43
Toronto Stock Exchange—Curb Section
.—45
—
Transactions New York Stock Exchange—-28
1,073,809
American Power & Light
Co.—Weekly Input—
of
Exchange--——-t-r—40
Louis Stock Exchange
1689.
profit after
Earnings
v
21,718,325
''
560,769
37
——-
Stock and Bond Averages———————-28
/
„
Calendar Years—
—V.
<
1,977,298
/■;' 32.224
30,923
for
American Metal Products
Net
A" 22^614
~2>J3
1,799
-
.
income
taxes
1,023,500
1,020,634
Scranton
Exchange
Exchange——37
Chicago Stock Exchange-—
-—38
Cincinnati Stock Exchange—'—-38.
Cleveland. Stock Exchange--—
Detroit Stock Exchange
;—
-39
Los Angeles Stock Exchange
—39
Philadelphia Stock Exchange
——40
St.
Other income
Total
13,785,667
18,742,525
!
Stock
Stock
Pittsburgh Stock
City
1
Co.
^
From
j
;
3,932,553 / 4,351,699
and Electric Co.—
;
—17
New York Curb ExchangeBoston
12,971,444
income
net
subs^*
AMER. GAS
.
—
-1946;/;'"/vV;^
(Bonds)
Baltimore
com-
■
V
>
(Stocks)
New York Stock Exchange
'
2.174.593
for
common
Undistrib.
5,183
263,602
264,286
storks
mon
Divs.
stocks
earned
86,337
i
106,922
892,485
♦After
Quotations
Page
>
2.055
pfd.
Stock and Bond
J
■
106,922
1,025,060
4,000
—
Total
299.237
600~000
600,000
—
surplus
—-4—u-iiv—
Capital stock in treasury, at cost (Dr)__—_
In This Issue
439,973
518,313
.
retired
on
^
'
\
mtge.
Earned
A
95,711
17,886
v
——*
First
26,515,928
6,032,234
■ 1
7,029,380'
and
excess
TtAt
total
a
Accounts
414,200
30,788,946
,1947
in
1946.
Capital
381.903
■
5,911,401
<"
—
tAfter deducting cost of V: S. Treasury -tux1 anticipa¬
tion notes of $100,000 in 1947 and $120,0.00 in 1946.
§Represented by
1,025,000 shares in 1947 and 1,000,000 sharps jn 1946, tlAfter progress
payments of $22,422 in 1947 and $364,562 to 1946. ; ,./■
;
221,000
16,184
/'
8,000,000
7,000,000
335,363
4301,848
760,363
——.^——^$27,770,893 $24,043,677
♦After
784,434
804.426
-
.
382,643
Jv:/ 24,937 4/ 299.243
■
Special charges for debt
Divs.
«
18,224 ; /
56,155
Interest on funded debt
Amort,
'
Brl,326 /
40,174
net___
$2,836,976
1,000,000
8.000,000
7,175,000
— -------———_——
Total"
valued
26,085,544
2,689,081' 30,024,400
3,006,867
i
*'
and
sales
work,
■,
2,065,266
value)
par
!
78,000
preferred
on
.
$2,780,863
.
stocks————,
tProvi&ton for Federal, State and other taxesNotes payable to banks
(payable 1950-55)
3.90% cumul. pfd. stock ($100 par value)^
to employees.—V.
—w*—$2,125,979
—
on
Earnings
377,179
381,559
LIABILITIES—
Income
Dividends
Dividends
200,000
1,487,555
etc.———i—
LIABILITIES—
$53324 in
$1,520,589
■''"■
/•■
taxes,
—
Accounts
in
for post-war adjustments
res.
refund
4,087,211
equipment—
contract-:
Deposit
Federal
Merchandise
44,35:
31,600
§§164,104
Co
'
jy
59,823
2,426,174
449,957
supplies-^
Cigar
Investment in
459,081
less
$231,803 of applicable income t^xes—605,390
9,273,758
10,957,805
non-recurring
credits:' >/.■
Claim
39,426,211
8,144,291
13,136,063 '12,112,595
12,429,782
11,433,575
/
28.584
641,461
*
of
Application of
V,
carry-back provision of Internal Rev.
V /Profit
on
sale of land and buildings,
52,639.193
10,477,071
2,419,731
—i-—
and
receivable
Earned surplus
Cr231,803
;
129,664,515 106,475.975
10,053,720
4,633,899
Operation
Maintenance
Non-recurring
U
CONSOL.—
Operating
,
;
7
1948—12 Mos.—1947
•
————i
in process and finished goods____—__
Account
1946
$2,061,003
2,101,649
199,969
3,022,997
$854,354
''-f
r*.
—J—
—Ui-
.
taxes—/—.:
Income -taxes
land
397,729
—_:U:4,/
•*
■./
(& Subs.)—Earnings—
IIWork
Dividend
,
,
materials
Raw
;;
$3,214,689
indebt
of
refund
for
Inventories, at cost or mkt.,
v
4'
,
department is now nearing completion.
are, underway to gradually increase the production capacity of
the company to the limits' of the plant's space.—^V. 167, p. 1253. .
K\
receivable
♦•Claim
1947
.
hand—
on
YEARS
Plans
American Gas & Electric Co.
Accounts
$24,263,057' $15,896,157
Cost
,
and
■
CONSOLIDATED INCOME .ACCOUNT
Rentals
cladding
company's
Trust
Sale®
a
The
Traders
bonded together in their pure state without/
are
soldering, electroplating
and
International -Cigar
Period Ended Dec. 31—
.*
the use of adhesives.
/
Large industrial inquiry l.as been made for stainless clad copper
due to its heat transfer and
corrosion resistant qualities, the an¬
nouncement -.-said.
/ * '.t /■•■.
^
' •'
-;'y /; ' yV.;
■K
/
sandwiched between layers of stainless steel...
of copper
also
—Editor.],
;
dissimilar metals can. be
permanently bonded together, the company intends to concentrate on
the production of stainless clad copper for the present.
This clad¬
Possessor
[See
has
building at Carnegie,/ /
the Kinney Process by which
mill
banks
in
ttU. S. Treasury bonds and certiL
Notes
receivable
——u
*
American Cladmetals Co.—Shifts Headquarters— Aj-AAAA/
Headquarters
Cash
SHEET, DECEMBER 31
v>///• '
Investments and advances:
South
,
J.
./.-/-I
ASSETS—
production
African Lines.
He is also a director of
4' In June, 1947, the company concluded a $7,500,000 standby credit
fend the Fairmount Aluminum Co. r/j-,/;.?VV : and term loan extending to 1955 with a banking group headed by
Mr, Van Deventer is a member of the firm of La.dlaw & Cq4 New / Manufacturers
Trust Co. and including The Chase National Bank of
York investment bankers.—V. 167, p. 1465.
the City of New York, Chemical Bank and Trust Co., Bank of New
York, The New York Trust Cq
The Marine Trust Co. pf Buffalo, and
formerly American
the Argonaut Line,
CONSOLIDATED BALANCE
$1.80,
income in
77 .*.
•/'■
i>':-/-V-*■".:/
common;* share..
per
company's
$2,126,000 In
preferred
cumulative
to
Excluding non-recurring profits
company's* plants, as explained below/ the
included
"7.
Lines
deducting
1946.
in
the
was
V*
P. Van Deveqter have>,been
A, Williams and Malcolm S. Mackay,
A'/Z'*
respectively,v
Mr.
$1.05
William
directors,, succeeding R.
non-recurring credits,
dividends on the 3.90%
After
earnings per common share amounted
Assurance
.Directors-^
American Car & Foundry Co.—-New
/v
Income,. Including
1947.
stock,
accepting
43
Foreign Exchange Rates
Combined Condition Statement of Federal
Condition Statement of Member Banks of
Federal
Reserve
Edward D. Jones & Co.
Established
———45
Reserve Banks
System—
—
300 North 4th
48
Capital Flotations for March 1948-———.3
1871
St., St. Loui® 2, Missouri
Members
New York Stock Exchange
s
•
St. Louis Stock Exchange
Chicago Bd. of Trade
New York Curb Exchange Associate
Chicago Stock Kxch.
:
Phono
CCntral 7600
Bell Teletype
8L 593
2
(1798)
THE
American Steel & Wire
W.
M.
V.
166,
Field,
Comptroller,
Co.—Obituary—
died
1574.
p.
April
on
'
■
Ohio.—
Edward
7
>
■
N.
Y.,
in
American
Telephone
Telegraph
&
V-J
Since
tion
the
than
demand
heavy
make
been
have
which
program
will
Demand
require
months.
The
/
:.
.
..
and
the
of
debentures
into
T.
A.
stock.
T,
&
number
of
of
The
stockholders
of
proportion
about
50%;
tures
convertible
proportion
of
debt
we
current
debt
provide
the
maintain
and
ratio.
expense
1:
from operations——-
;
'
'
—;J-A.
:
:
sound
a
the
that
through
into
the
the
System
is
form
deben¬
converted
to
forward
to
of
investment
issues
of
stock.
sufficient
stock
to
permit
debentures
or
r
share)
per
—
the
that
to
majority
later
are
Prepaid
than
first
735,000
three
telephones
months
of
added
the
by
of
average
Bell
about
11,000
year
ago.
demand
despite
7
<
the
for
gain
telephone
in
the
service
first
0
continues
three
at
months
there
still
are
plant,
improvements
first
about
do
can
new
capital
out
this
to
as
only
so
by
the
is
it
program
provide
continuing
build
to
plant
new
the
to
heavy
obtain
to
essential
return
a
the
meet
demands
service.
the
rate
stockholders
of
earnings
which
will
long-term
to
sell
Of
In
the
issues
future
near
totaling
four
to
approximately
1.
It
At
14,000
to
EARNINGS
OF
Period End. Mar. 31—
revenues
Operating
expenses—
Fed.
on
taxes
—
taxes.
operating income
Dividend
Interest
Other
income
$300,000,000.
1957,
Total
income
27,530,000
45,460,000
42,895,316
2,886,211
15.970,000
Dr44,798
540,000
—
60,010,000
55,390,826
11,890,000
_—
deductions—.^'
_
A-
•;
7,355,663
1
share.*
of
of
Ohio,
it
of
Barnsdall
not
were
income.
Dividends
48,120,000
time
amounted
to
$6,741,200
'
share.—
per
$2.22
now
close
April
on
announced
8
that
concerning the purchase
Corporation stock from Atlas.
3 Mos. End.
old
my
purchase
and
agreement,"
Mr.
friend,
1947,
166,
stock,—V.
mer
its
sale
of
Odium
RKO
stated.
"No
Atlas
Corp.
1835.
held
929,020
Operating
Operating
revenues.
on
inc.—
491,220,554
24,443,172
taxes—
46,528,971
taxes
Other
opcr.
,
oper.
income. ; 60,608,844
inc.—net-
Total
59,825,540
17,938,787
income
7,954,772
78,547,631
12,867,650
participating pfd. stock
(par $100)
67,639,750
Net
income
Applic.
U
58,429,399 $54,912,662
1,661,408
1,363,412
to minor, int.
Applic to A.T. &
Co.
stock
SConsol.
with
the
sellers
and: the
56,767,991
-
a
include
the
$2.60
$7.69
"
the
sale
respectively,
profits
on
credits
standing.—V.
account
in
1946.
167,
p.
months
3
of.
tax
and
12
refunds
SBased
on
months
due
to
average
1358.
90,000
■
.
ended
American Viscose Corp.—Olmstead
Dies—
William
a
Beach
O'msted,
director, died suddenly
He
was
'
•
•
54
years old.—V.
•*'
'
"
•'
•"
>
Jr.,
Vice-President
in
April 15 at his home
166, p. 2554.
on
4
'
Feb,
of
28,
of
in
of
preferred
May 15
.
This
President,
dividend of 30 cents
to holders of record
April 30,
Is
the
first
dividend
holding company
the
by
Water
the
that
share
a
old
for
American
&
Commercial
William
and
Financial
stock
April
^
21
payable
the company-' ivhich is the
properties formerly controlled ?
p.
Co.,
Inc.,
which
was
1581
Chronicle
(Reg. ,U.
Taxes
"
"This
emphasizes,"
Commerce
petition.
provide
far
from
President
Commission
Unless
return
a
consummation
new
bonds
had
exchange
increased
of
the
for
been
costs
are
sufficient
the
competitive
1944
issued
94.987;
YEARS
ENDED
All
ex¬
in
refunding
bonds.
As
of
J
'
1947
'
„
DEC.
31
1946
1945
1944
6.152.58
" 6,193.51
6,131.96
6,143.75
$
$
$
313,964,755 251,997,489 293,498,099 315,418,567,
24,342,611
36,037,308
48,215,829
51,308,473
.
3,873,642
3,797.010
3,833,081
'
2,279,603
rev.—l
revenues
ry.
620,158
2.877,259
3,283,892
4.121.707
♦
3,848,913
3,770,549
4,126,768
8,607,205
9,216,472
9.222.256
'
10,586,935
oper.
rcvs._
360,294,995 304,934,716 301,373,218 337,193,036
way
& struct.
44,427397
44.465.263
52.988,212
equipment—
76,484,171
73,211,184
94,383,142
78,410,881
8.206,109
7.530.851
6,499.302
155,853,534
135,203,878
129,067,475
6.086,976
130,965,610
of
—
Miscell.
operations
4,434 545
Total
ry.
oper.. exps.
4.242,439
4.257,241
4,008,525
10,971,557
General
"
58,408,763
10,558,675
9,466,174
9,188,000
300,377,312 275,212,290 296,661,547 287,068,754
Net rev. from ry. oper.
1
$4,158.48
the
Office)
48.652,847
2.413.917
2,680.773
5,833,258
7,415,423
1,841,901
1,918,379
2,151,717
2,407,629
29,099,949
25,909,109
37,043,094
41,648,378
7,305,705
6.393,098
6,790,888
7,741,295
36,405,654
32,302,207
43,833,982
49,389,673
19,448,846
18,821,975
18.769,955
18,862,376
16,956,807
13,480,232
25,064,027
30,527,297
3,750,940
4.906,025
5,139.308
5,589,541
3,946,486
4,013,273
4,023,318
4,023,313
9,259,381
4,560,929
15,901,401
20,914,438
Jt.
fac.
Net
small
28,820.23
roads
Net
59,950.42
45,041.37
24,003.03
18,516.72
1,308,092.13
int.
'
expenses.!
-2.S63.500
charges
charges
income
BALANCE
SHEET, DECEMBER 31
1947
ASSETS—
Total
Net
receiv.
from
agents
accounts
Accrued
accounts
current
Deferred
25,713.653
$2,816,630
conductors
,
1J—-—-—
14,321,332
...
J
■
.
April 8.
Corp.
disclosed
at
interest in
Audited
Avco
net
to
income
99.5%
expansion
has
of
the
and
sale
intioducing
programs,
he
business conditions
recurring
Recovery
preparedness.—V.
new
may
Program
167,
Mr.
p.
pointed
competitive.
strong
affected
critical
and
1782.,
the
.increased
current
-Unadjusted
Surplus
emphasis
on
from
na¬
:
Grand
payable
$-*-.$
;
•~V.
Seibert,
President;
asflsecnnri3H^ iii'S?1!
NoS (!n
William
?rU<fyi25',
D,
Business
.111.*'(Telephone
t
,
3,355,721
596,976,291
58,863,437
*
-
^575,749,361
9,765,-200
;
480,000
2,074,202
2,678.015
18,341.330
;15,997.592
-
8,190,719
6,125,083
4.462,078
4,513,352
7,629.198
8,830,872
81.365
_———
81,373
;-V
6,211,557
.
3,331,566.
4,655,310
6.909,270"
liabilities
|/
1,883.241
:
1,898,496
16,404,641 T
L.
i.——
11,498.454
1.091,546
_L____
-
188,848,229
1,186,424,587 1,163,544,819
167, p. 1690.
(Continued
10,072,933
194,609,366
—
3,517,425
823,067'
(net bal.)_I__
____!—
-
r
256,295,343
v
2.565,577
:
^
.____•
total
6,499;,604
■
accrued—
credits
conditions
resulting
wages
Inter-co. non-negotiable accts.
advertising
adversely by
materials
accounts
accrued
Other
v
be
of
capital stock
unpaid—-—•
interest
Deferred liabil.ties
out
„
capitalized^—________
and
matured
Taxes
program,
and " the
Emanuel statecL
said.
shortage
Accrued
higher material
improvement
company,
he
again is becoming
lines backed by
on
obligations
accounts
Dividends
206,193
7,264,527
.
,58,863,137
payable——'
accounts payable——
Interest matured ur,paid___
a
Contingent int. payable in following year-
outstanding capital
from
L_—,
leaseholds
Unmatured
resulted
.
Miscellaneous
has
6,333*
20.018,674
_
—j?—^256,295,348
and bills payable—
Traffic and bar service balances
payable_'_;lS:
.'v.'"'
decrease in
slock
Loans
the
v;'y00--,
Nashv.ille
stock
Interest-bearing
continuing at
are
board,
LIABILITIES—
Perpetual
219,540.
-9,287,177'
5,049,068
1,186,424,587 1,163,544,819'
Premiums; and assessments
$0.26
.
A:
receivable____ai^v—5,198.542
.
251,176
$0;22;
13,161,049
.18,880,600
6.351
-
debits
Common
$1,855,111.
382,306
-
;
the
on
1,325,000
6,943,171
23,484.601
—
-
receivable_L—rl..—
assets.
Preferred
$1,616,630
income
to
;
671,622:
6,892,065
assets
•Unadjusted
$3,180,111
1.200,000
;
^...
22,054,000
436,506
.Grand -totftl
———'
26,563,147
569,357
and
.-44
1,041,275,897
10.374.000
receivable
dividends
$
1,074,872,396
—
and •supplies_rand
Other
amortiz.
investments—
receivable—
Interest
;
&
———__—
bills
Material
$2,971,393
/r 208,718
.246,707
cash
deposits
and
bal.
dcprec.
——————r—
Miscellaneous
2,407,832
less
'
Temporary
1946
$
investments,
Cash
19,638,689
:
$2,569,923
current
Chgs.:
int.
GENERAL
Feb. 29, .'48 Feb. 28, '47
5.54,298 $25,097,914
administrative
chgs.
—
Int.
Net
26,524.65
.24,020.875
and
and other
profit
Special
earnings of Avco
Manufacturing
Victor Emanuel, Chairman of
by a
European
income
Cont.
35,946.79
promotional
incomer
oper.
Secured
42,546.99
is
-
income
Gross
39,322.63
.
Avco
rents (net debit)
ry.
Other
Manufaeturins: Corp; (& Subs.)—Earnings—-
and
General
100,124,282
19.683.602
40,077.07
'26,274.57
meeting held
abroad,
64,711,G72
Cr735.835
20.682.94
.
71,367.22
profit
However,
29,772,427
26,561,916
$12,189.77
:
65.597.20
of a prolonged
jurisdictional strike,
reviewing current operations of the
of
ail consumer products
In
that
59,917,683
Other Oper. Chgs.:
Runway tax accruals
Equip, rents (net debit)
on
page 8)
..
-
William B. Dana
Company, Publishers, 25 Park Place, New York
Herbert D. Seibert., Editor and
8, N. Y., REctor 2-9570.
Manager.
Published
twice
a
week
Publisher;
[every Thursday
(general
news
and
advertising issue)
with
a
statistical
issue
on
ut" chj,=ag? 3,
State 0613); 1 Drapers' Gardens, London, E. C.,
Monday]..
Other
Copyright 1948 by William B. Dana Company;'" Reentered7
NOTE.
f
On account of
1942' at the P0St 0ffice afc New York- N' Y- Under thP Act, of March 3. England, c/o Edwards & Smith.
the fluctuations In
1.R7Q
Snbccrintions in United
States.
U.
the rates of exchange.
S,
Possessions, Territories and-. Members of PanAmerican Union, $35.00
^remittance foY foreign subscriptions and; advertisements must be made in New York funds.
per year;
in Dominion of
Canada, $38,00 per year. Other Countries, $42.00
1:1
per year.
•
Dana
to
service
company's
outstanding
to
$
Transportat'on
Net Profit
27,203.84
effects
tional
Patent
$18,500,000.
were
Railway Oper. Exps.
Loans
levels,
The
and
Electric
■recently dissolved and liquidated.—V.
167
The
common
on
by
works
Works
the
directors
^Income
67,280.91
stock.
4
1943.
declared
water
on
——
costs, »the
the
should
ACCOUNT,
operated
CO.)
1.184,416.29
increased its
V' ?V'.;
announces
a
high
annual
Y.
American Water Works
Co., Inc.—Initial Dividend—
Ware,
John
declared
cost
Baltimore
as
largely completed in 1947.
$139,286,050, principal amount, were
had
—_
Unsecured
GROCERY
8,342,64
for depreciation
charged
per common -share
Sales
and
N
report
under-
now
the
and
1,188,641.58
ineome
out¬
sales
will
operation
Interstate
pend.ng
4.699,378
Total
debentures; to¬
the
29,025.58
Earnings
1947
York
nvles
transport
Miscell.
•j-.'a NOTE—The increase iii sales 4 was
largely^^ due-tdv inciusloin of/sales
by The Nashville Corp., which became a
consolidated subsidiary in
November, 1947, Mr. Emanuel said. He also disclosed
that
of
New
(AUGUSTA
Net Income
Total Income '—
Prov.
•
charge
.Q
1,061,838.25
income
Net
excess
shares
EARNINGS
Provision for Federal income taxi
$10.09
carry-back
number
the
the
the
Express
Other
70,000
$16,348.25
general
Gross
v
•
OF
sales
of
Selling,
proportionate interest in undisearnings: of subsidiary companies.
tlncludes proportionate
interest
in
net
earnings
of
Western
Electric
Co.
and
all
other
subsidiaries not consolidated
(partly estimated). Jlncludes $2,239,000
and
$15,826,000 for the
and
O.
Erie
terminal
the
summer,
Interest, rent for leased
from
Three Months Endedsales —;
•_
Cost
company's
tributed
&
dock
of
reported
—
former
Net
206,303,475
;
this
1943,
Traffic
$100,000
v
from the sale of: the
realized
167, p. 1466.
Ave©
6,168,214
53,549,250 •162,898,581
RKO
corporation.
The for¬
Feb. 1, 1900, and up to the date of
successful business throughout the
on
derived
proceeds
1946——__ 1,258,889.48
1947
L
■
of
60,000
—-
(par $20)_
823,970.63
1944
t212,471,689
per
$2.64
not
■
for
in
to
were
Rai.way Oper. Revs.:
Freight l,
■
Outstdg.
$100,000
$844,639.32
1942.
Other
share
♦Does
'
4,721,653
-
.
'
incident
Plan
15,
Average
company operated.
Net Sales
1938——
T.
—
earns,
.167,620,234
■I
B.
coal
Lake
into
improvement
ra'lroads
1947
rates
.
,
1940—
256,890,814
44,419,125
,
■
such
■
nego¬
*
Authorized
.
_
STATEMENT
237,286.367
19,604,447
235,259,984
•:«
coal
operated Jointly by
property.
need
sought
INCOME
stock, are being used to acquire from the stockholders of
Augusta Grocery Co., upon the dissolution of that
company, the assets
and goodwill of the
Augusta Grocery Co., as outlined above.
Feb. 28,'47 -
46,971,547
67,780,312
20,118,232
Interest- deductions.
;
"the
been
other
100,000
debentures, due 1949-1958
stock
PURPOSE—-The funds
gether
12 Mos. End.
188,288,437
the
dock
ore
be
$4 000,000
expansion
Maint.
corporation was organized
dissolution had carried on
—V.
Net
mother
March
of
Passenger
.
serial
the
dump
and
Maint. of
trucks.
.VI$
548,365,568 2,274,207,616 2,124,633,947
422,563,422 1,838,752,447 1,633,367,814
23,561,507
72,539,357
93,694,649
42,415,099
174,627,375
160,285,117
622,801,541
expenses.
Fed.
details
and
have
shares
now
minute,
Central
of
transportation
-
stock
a
-
Hughes,
V
p.
'
were
sale
„*
at
capacity
.
obligations, caused by the heavy deliveries
new
cars and
locomotives, there was a net decrease of $9,474,474
outstanding interest bearing debt other than equipment
obligations.
The
The company is
actively
Dr232,688
Feb. 29,'48
York
results
pledged bonds, a total of
changed. and 89.887;
of
outstanding notes and in
engaged in selling a general line of
groceries,
hardware, building materials, and a limited line of dry goods
through¬
out its
territory, with deliveries of merchandise made in the company's
174,347,611
-8,864,656
-v
$
New
Mail
territory in which the
196,930,000 215,890,289
40,490,000
22,448,833
12 Mos. End.
Feb. 28,*47
•
$
%•":•;
there
and
Howard
pending."
of
goodwill of the
.
3 Mqs. End.
Feb. 29,'48
•"7
will
increased,
iK
between
the
its
the
Adjustment
'*
River,
can
a
and
-
*
O.
tons
This
rates
in
HISTORY
CONSOLIDATED EARNINGS OF BELL SYSTEM
Period—
31,
''
'
&
70
ccal
cut,
market
on
7
r'---.
President,
pending
now
to
based
„
Kinawha
B.
of
Toledo.
and
in
grant
of
Dec.
100
cars,
units,
The report states that total
assets of
$1,186,424,587, on Dec. 31,
1947, showed an increase of
$30,814,554 during the preceding year,
and that although there was a net
increase during 1947 of
$19,548,119
in outstanding equipment
Oil
AND
BUSINESS—Company has acquired from the stock¬
of Augusta
Grocery Co.,< which former corporation has been
dissolved, all the inventory of goods, the furniture, and
fixtures: auto*
motive: and delivery
equipment, prepaid Items appertaining thereto,
and the
48,035,163 156,440,000 193,441,456
46,396,490 191,700,000 184,288,975
■f v.:
$2.33
$7.34
$9.45
48,780,000
———
tEarnings
On
car
enable
us
to
make
improvements necessary to furnish
pubiic demands and
maintain
our
proper place in
the
field of transportation'.*'
":"
•
-
announced
was
disclosed.
common
•Net
Barnsdall
hopper
work
transportation
holders
•r't''*-'
32,910,710
152,890,000
4,830,000
—_90,000
——'
are
Common
55,347,103 202,910,000 215,322,882
35,816,472 148,790,000 144,256,569
6,997,000
15,820,000
27,661,000
,2.879,534
10,770,000
10,594,603
9,654,097
Odium,
Cumulative
»■"'
Co.
steel
and
road's
history.
modern
at
financial
further
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
'
the
Ohio
road
Holdings—
72,000
Oil
the
Baltimore, Chicago and St, Louis.
for
the
opening of operation this
to
on
acquired
its
Great
where
rate
White points
($20.00).
par
5%
^
p. .542.
of
1948—12 Mos.—1947
-
167,
plan—
on
1, 1949/1958 inclusive at par and interest and 4,500 shares
6% ($1.20 dividend) participating preferred stock at
since
737,000.
.
additional
Johnson, Lane, Space & Co., Inc., Augusta, Ga., on March
31 offered $100,000 5% serial debenture bonds
due March
ONLY
.-'y■j;,,-''-! *
,'v
9,630,000
—„—
income
income—net
'Interest
^
57,080,000
38,810,000
5,700,000
2,940,000
income-
operating
Net
COMPANY
of
1948—3 Mos.- -1947
•L".
Operating
Other
high
$3,500,000
Augusta (Ga.) Grocery Co., Inc.—Securities Offered—^
plan
.(Figures for* March,, 1948, partly estimated)
■
v
,,
record
new
a
14
,
without
the
common
stockholders
about
B.
relating
tiations
$150)
have brought the total conversions of
these issues to over
$129,000,000.
During the first three months of 1948 the number of
increased
-
terminated
conversion price is $140 a share, payable by surrender
debenture and payment of $40 in cash. These
conversions,
to those of the debentures of 1961
(convertible at.
addition
May
Standard
that
at
conversations
myself
$160,000,000
The
$100
one
which
negotiations
"The
their
subsidiaries
of
-
Radio-Keitli-Orpheuni
provide
company's $357,532,600 23/i% convertible debentures of
$70,000,000 have been converted into stock of the
company
March
in
debt
the
over
of
issues.
debt
long-term
no
at
is
The
the annual report showed, Atlas held 177:400 shares of Barnsdall
Floyd
such
protect
existing investment and attract the new capital needed
the service that the public wants.
Since the first of the year, three subsidiaries have sold
of
be
sale
RKO Deal Off—
large amounts of
required.
In carrying
is
vote
from
holdings
quotations.-
additional
that
that
for
contemplates
iecently
stock
Atlas
common,
or
totaling an additional $51,000,000 a year are pending
regulatory authorities in some of these and in eight other
Other applications will he made, lit the near
future.
7
must
1945—
Total
increases
System
will
corporation
common
1947,
in
7,365
cars,
passenger
satisfactory, the leport indicates, since from gross
earnings of $367,€00,700, the largest in B. & O. history with the
exception of 1944,
net income, after
payment of expenses, taxes, rents and
interest, was
only $9,259,381.,. This was only about
2V* cents out of each dollar
of income and a
return ol only 3.04%
on the
net investment of the
Co.—Proposed Financing—
said,
April 14.
on
Applications
Bell
is
it
box
brought
——
Atlas Corp.—Increases Barnsdall
it.
There
has been substantial
improvement in most places
quality of telephone service—especially toll and long distance—
and we are continuing to do
everything we can to make it still better.
Increases
In
telephone rates amounting to about $130,000,000 a
The
states,
$3,571,904 $3,437,499
v/;v^".v/V!;V.A^.VV" '■
V"
stockholders
This
Co.
the
construction
approving the plan of re¬
organization of the Florida East Coast Ry., wh ch has been
approved
by the Interstate Commerce Commission,-—V. 167,; p. 1466.
.
the
before
29,378
the
over
at
Scheduled
and
company,
The
bridge
facilities
873.455
33,092
highest point
Loiain, Ohio,
at
43,905
tf
993,903
amortization)___
Atlantic Coast Line RR^To Vote
wants
states,
39,372
next, and finance 1948 construction program.—V.
1,475,000 persons waiting for service.
Production of telephone equip¬
by the Western Electric Co.,. our manufacturing and
supply
at a high rate.
Every effort is being made to reach
our
goal of providing service for everyone who wants it when he
for
(less
1,848,574
mortgage bonds, the proceeds of which, supplemented by. further
loans, will be used to pay $1,485,000 bank loans due June 15,
bank
in
and
made necessary by higher costs, have now
been approved
effective in 34 states and the District of Columbia.
2,038,206
steel
scellaneous
improvements made in the fixed structure of the
railroad such
carriers
.•
unit, continues
year,
made
?
equipment——————
and
steel
391,380
•
cest
—
:T
ment
In
of
—
Total
each
level
lower
1946
$250,757
204,525 '
—
———J'____——_
—
expenses
of
14
high
a
the
of
V
$262,806
1,940
m
$42,000,000,
as yard,
shop and terminal fac lit es, docks,
bridges, s;gnais and commun'cations, all making possible the operation of heavier
train loads
at
higher speeds, and
with resultant
improvement in both service
("and efficiency.
Notable among these improvements is the
$2,000,000
i'k
31
1947.
reserves)—
basis
the
on
Property,
working day—bringing the total number of Bell telephones in service
to 29,240,000.
The daily volume of calls handled
by the System in¬
to
170,000,000, which is 16,000,000 more calls a day than
New
(less
Leasehold
creased
a
receivable
con¬
System
DEC.
$2.49
'
Atlanta Gas Li&ht
were
1948—an
SHEET;
stantial
74,500
1
Quarterly Report—Leroy A. Wilson, President, states:
More
BALANCE
$370,991
v
$1.39
M
market
or
The
the
COMPARATIVE
Inventories
'<•
'
1
108,679
235,000
$207,075
74,500
—
paid (50 cents
the
to
and
cars
about
Furthermore, it is stated that
with the delivery of 5,633 additional
steel hopper cars, 60 diesel road
ire.ght locomotives and 100 d.esel
switchers, scheduled for 1948, any
remaining car shortage on the B. & O. should be
overcome and
any
foreseeable transportation load
efficiently handled.
Complementing this large increase in equipment
supply were sub¬
$714,670
138,417'
————r———————
Accounts
time
same
locomotives,
of
cott
26,146
127,000
^
Ohio
&
RR.—121st Annual Report—In the
annual report for 1947, Roy B.
White, President, and the
directors of the -company call special attention to the
heavy improvement program carried on during the year.
express
$688,524
'
$472,492
*
——
income—
ASSETS—
the
needed
the
at
of
•3,633,181
-\v,-55,473
$442,045
! 30,447
,
,
—
taxes on
income
dividends
Cash
the
additional
lowering
capital
and
now
reduces
attract
a
additional
want,
Monday, April 26, 1948
...
..
This consisted of both large additions to the
road's own¬
ership of modern equipment and also betterment of a
wide variety of track, shop,
yard and related facilities.
The acquisition of 30 powerful steam
locomotives, seven Diesel pas¬
1946
.
$4,377,178
85,908
Earnings' • per' share——.—————
in¬
an
structure which is the only basis for good
protection of the savings invested in the
earnings must continue to provide a return
and
means
stockhodlers*
verted
of
in
is
adequate
the
737,000,
financial
wages
Ths
financing
this
look
obtain
of
>
•V,
•
Net
Cash
The
-
capital
of
customers
our
total
257,^00
J
' I
;v
——__
from Income
year.
debenture
earnings
course
must
that
total
Each
with
We
service
record
a
one-iifth
due
in
can
the
in
stock.
good
business.
on
debt
into
reached
beginning of this
approximately
conversions
service,
has
14,000 since the
166, p.
$4,602,740
4,074,787
■
crease
Baltimore
Broadway, New York,years has specialized
for
—%
_—
income'
Provision for Federal
capital have been raised in the last 24
has been obtained from long-term debt
conversion
39
at
Kole
JS47
.——
Total
part
issues. Some $785,000,000 has come from the sale of convertible deben¬
tures
Mr.
up
new
greater
.
senger
Profit
Other
lor
additional,
large
sales
:
billions of
two
offices
director.
a
real estate and securities fields.—V.
—.
must keep on with
we
lawyer with
a
elected
Cost of sales, sell., admin, and general
Depreciation and. amortization
the service better.-
added.
,
Nearly
Kole,
been
Deductions
capital.
new
and to
telephones
high level and to meet it
a
construction
amounts of
for service
million
seven
service continues at
our
Net
under way the largest construc¬
in order to provide new buildings, central
telephone lines and other equipment needed to meet
unprecedented
More
CHRONICLE
Athey Products Corp.—Annual Report—
its history
in
apparatus,
FINANCIAL
Years Ended Dec. 31-
the System ha? had
Day
program
A.
has
the corporate,
Co.—Construction
Program to Require Additional Capital—Leroy A. Wil¬
son, President, at the annual meeting of stockholders
held on April 21 said in part:
office
&
Anemostat Corp. of America—New Director—
Cleveland,
in
19
•
COMMERCIAL
-
5
Volume
THE
Number 4693
167
COMMERCIAL
FINANCIAL
&
CHRONICLE
The Capital Flotations in the United States During
(1799)
the Month of March
And for the Three Months of the Calendar Year 1948
For the month of March corporate
emissions reached
the grand .total of $691,647,936, the largest monthly
since
December
the
figure
of $1,009,294,814,
and
to
com¬
constituted
and $97,041,541,
new money
refunding operations.
Thus,
first
new
Pacific
Telephone
million Columbia Gas & Electric Corp:
3V4% debentures;
Lion Oil Co. 3V4%
debentures.
-
•
.
(Indiana)
Co.
played an
with 50.2%
total of $306,148^750, com-
industry
1,301,348,000
2,057,009
1,303,754,000
1,468,000
15
91
day
Treas.
1,003,366,000
1,003,366,000
22
91
day
Treas.
bills
1,002,890,000
29
91
day
Treas.
bills
1,001,464,000
1,002,890,000
1,001,464,000
up
2,590,718,000
Ctfs.
of
indebt.—
2,590,718,000
U. S. Savings bds.
Depositary bonds-
770,153,343
Jan
Jan
for
accounted
bills
Tax
1
Jan
of equipment
Antic'n
since September,
Total
Feb
1947.
notes-
now
anticipate
a
for
January
:
9,130,337,143
8,203,540,000
day
Treas.
bills
903.224,000
903,224,000
Treas.
bills
Feb
90
day
91
day
Treas.
bills
1,000,528,000
91
day
Treas.
bills
1.105,989,000
1,105,989,000
1
2,189,290,000
2,189,230,000
Feb
1
Ctfs.
U.
of
S.
bds.'
Savings
Tax
542,000
542,000
notes-
111,122,600
111,122,600
—
G.918,347,411
6,199,379,000
4.:)91 day Treas. bills
1,101, 402,000
1,101, 402,000
l.ici, 030,000
1,101 030,000
Total
Antic'n
February
for
91
day
Treas.
Mar 18
91
day
Treas.
bills
1,107, 232,000
91
cay
Treas.
bills
1,008, 654,000
1,008 654,000
bills
million of veterans bonus bonds, including in
1
Ctfs.
of
indebt.—
1,687, 554,000
1,687 554,000
Mar
1
Ctfs.
of
indebt—
C97, 772,200
897 ,772,200
Mar
1
Ctfs.
of
indebt.—
961, 646,800
961 ,646,800
Mar
1
U.
$200 million, $85 million by the State of Illinois.
and
as new
money
Below
bds.
588, 136,359
Depositary bonds—
1, ,579,000
1,579,000
Mar
months, $961,394,740 was classified
and $5,547,442 refunding.
present
we
Tax
120. 135,400
120,185,400
Total
Savings
Antic'n
Total ..for
tabulation of figures since Janu¬
a
S.
Mar
Of
1946; showing the different monthly amounts
ary;
million by
classified
ures
may
be
necessary,
particularly
as
Capital
Total
Refunding
8,575,191,759
7,865,291,000
709,900,759
7,473,492,795
6,537,628,000
935,864,795-
months-
•INTRA-GOVERNMENfT FINANCING
Issued
additional private
Capital
-*1946-
367,439,374
545,880,788
14,091,516
559,972,304
$
364,744,693
180,343,822
594.60(3,395
97,041,541
691,647,936
310,723,947
364,849,374
—
$
Notes
$
.r.'.'
119,204,001
253,874,054
47,016,401
271,362,410
307,169,645
436,672,668
163,669,000
64,190,000
192,669,000
1'lV».Vv'7i
93,000,000
49,271,000
43,530,000
5,741,000
43,680,000
98,591,000
15,000,000
51,000,000
136,000,000
90,425,000
29,065.000
,
—
;
697,'736,056 1,009,525,533
311,789,477
Total
March_iw»»i-i
for
105,425,000 >
319,497,872
213,807,327
682,652,434
138,633,528
^671>,103,991
859,737,519
314,559,864
531,164,539
518,608,778*
<39^3,762,791
!350,651,431
665,211,295
289,889,643 t-
454,528,580
211,666,667'
May-
78,214,460
732,416,105
Total
for
793,083,035 1,414,518',213 2,207,601,248
611,519,659 1,718,109,224
1,106,589,565
quarter.
Second
Civil
Federal Old
to
Age and
483,316,787
123,226,255
606,543,042
156,800,417
147,461,407
304,261,824
367,632,081
104,757,061
j 472,389,142
258,357,364
122,187,231
380,544,595
171,038,753
146,341,925
317,440,678
898,474,568
392,874,893 1,291,349,461
907,782,367
Trust
Account.
Government
System,
Insurance
Fund,
Fund,
Postal
Insurance Fund, National Service
Deposit
Insurance Corporation, and
Life
Federal
Savings and Loan Insurance Corporation.
tNet retired.
702,592,565 1,610,374,932
2,757,041,391
1,278,977,625 4,036,019,1(16
August
September.
Third quarter.
;
; Below we give
complete details of the capital flota¬
tion^ during'March including every issue of any kind
brought out in that month.
Details of New
months-
Insurance
820,545,112
369,051,333
July
Nine
Survivors
Retirement
Fund,
Foreign
Service
Retirement
Zone Retirement Fund, Alaska Railroad Retirement Fund,
Federal
451,493,579
316,620,000
Service
Canal
Life
1,104,872,512 2,112,254,269 3,217,126,781
88G,102,732 2,744;669,555
1,858,566,823
months
25,360,000
-187,935,000
sales of;, special series certificates and notes; certificates'
Adjusted Service Certificates Fund and Unemployed Trust Fund
to
notes
Savings
Six
50.4,555,000*
-
♦Comprise
sold
and
June-
three months—
61,360,000
80,(^65,000
1;
376,314,120
c.v ' v"
March—
-4-rr
April.
i
92,850,000
150,000
142,271,000
—
Certificates
274,583,073 1,026,560,331
751,977,258
113,723,057 1,619,059,614
22,190,000
256,859,000 V
January.
Total for February.
Notes
1,505,336,557
■
29,000,000
318,978,811
129,503,023
450,548,250
for
'J
*
71
42,000,000
Certificates
134,670,053;
30,923,566' 211,267,383
139,824,303
$
•
71,000,000
135,859,000
,
February-
Total
Refunding
Capital
$
$
103,835,204
„
260,909,483
2,590,000
.1—
Net Issued
••7'V
Certificates
Total
New
Total
Refunding
Retired
$
January—
BY MONTHS 11)18, 1917 AND 1946
S
$
$
New
588,136,359
of
financing is brought to light.
$942,015 refunding.
notes-
March--—
three
for
corporate financing. Revisions of the 1947 and 1948 fig¬
$200 million by the State
718,908,411
1,107 232,000
Mar 25
addition to the New York and Ohio issues of $300 million
grand
the
reached
March
Mar 11
More than half of this consisted
*1947-
First quarter..,
607,303,811
607,303,811
Depositary bonds—
Feb
1,000,348,000
1,000,348,000
indebt
Feb
Utility: issues totaled $639,-
926,797,143
1,000,528,000
26
Feb
year's total
13
19
Feb
Mar
Of this $500 million was con¬
York and
New
March
143,294,800
-
91
5
Motes
February
9,824,000
143,294,800
Feb
_
SUMMARY OF CORPORATE FIGURES
January
770,153,343
9,824,000
and all other categories, $232,367,981.
the total for the three
Of the month's total, $630,141,103 was
money and
new
as
of New
State
railroads
marketed
much As $550 ' million;:
as
of $585
'
by veterans bonus bonds, viz: $300
of Ohio.
be
aggregated $966,942,182.
reported for February and
for
financing
aggregate of $831,083,118.
the
1,303,405,000
1,305,222,000
Mar
important role
44.7% of the January flotations.
tributed
bills
day Treas. bills
Jan
142,816;; other industrial and manufacturing $337,469,267;
prising 45 separate issues, representing 44.2% of the total.
Municipal
day Treas.
91
Municipal financing for the first three months of 1948
in the month's financing- the
compares
90
8
Jan
municipal
and
mortgage bonds, the first straight rail¬
to
oil, $260,721,550,
>/
-Private emissions for March
This
$
/2
Ian
$1,619,059,614
financing,
corporate
familiar with the
vpf
fund
sinking
for
equipment issues is high for the first quarter, those
road
'
note; - $2Q million
2%%
$
Jan
corporate
While the aggregate dollar amount of financing for rail¬
sinking fund debentures and $20 mil¬
Oil
Standard
lion
the
bond issue
road
$37,396,000 Central Pacific Ryv first mortgage 3%s; $50
million C. I. T. Financial Corp 2%%
New
Indebtedness-
Refunding
trust financing, with the exception of $37,396,000 Cen¬
$45
3V4$;
30-year
Co.
Of the total for 1948,
>
entities, $1,188,647,182.
tral Pacific first
Telegraph
&
1947.
$149,358,000. This total is wholly made
$75 million
principal issues of the month were
Accepted
$
Jan '"-I
;tOf
the trend ;of
with the exception of May, 1947.
The
quarter of
and other
greater than refunding operations,
money
FUNDS
Total Amount
for the
with $1,980,068,901
compared
emissionsaccounted
.
financing held to the same pattern for the 19th month,
showing
•
OF
Type of
Security
Dated
Jan
14.03%
or
$2,807,706,796,
(
548,250 for March, 1947, Of the month's total $594,606,395,
85.97% was for
USE
mu¬
and other entities brought the total financing
nicipal
'
paring with $359,972,304for Feb. ofithis; yeararid $450,- :
or
For the first, quarter of this year, total corporate,
,
total
Capital Flotations
2,012,654,879 2,814,84G,834 4,827,501,713
During March, 1948
October—
598,947,623
75,922,920
674,870,543
270,684,761
73,168',330
343,853,111
November.
470,278,199
84,068,960
554.347,159
589,877,742
86,315,940
676,193,682
Long-Term Bonds and Notes (Issues Maturing Later
December-
926,167,815
83,126,999 1,009,294,814
113,297,492
804,521,175
Than Five Years)
1,995,393,637
243,118,879 2,238,512,516
Fourth
quarter.
691,223,683
RAILROADS
1,551,786,186 ' 272,781,782 1,824,567,968
$37,396,000 Central Pacific Ry.
4,752,435,028 1,522,096,504 6,274,531,532
Twelve months.
Feb.
3,564,441,065 3,087,628,616 6,652,069,681
1,
Peck;
tRevised.
Treasury Financing in March
$1,687,554,000 in subscriptions were received and accept¬
ed to the
offering of Series C-1949 one-year l1/s% Treas¬
Certificates of Indebtedness offered in exchange par
ury
ness
Indebted¬
to hoWers of Treasury Certificates of
for par
of
Series
C-1948
which matured March
redemption
on
tween
Jan
2
Jan
9
Federal Reserve, holdings
♦0.950
99.753
♦0.976
1,447,250,000
13
Jan
22
91 days
1.539,292,000
23
Jan
29
91 days
1,546,942,000
Jan
1
1 year
2,590,718,000
Jan
1
10-12 yrs.
12 years
770,153,343
9,824,000
2 years
143,294,800
♦0.990
1 VB
a
*2
100
K
a
100
b
903,22-1,000
99.750
♦0.990
90 days
1,524,512,000
1,000,348,000
99.751
♦0.994
91 days
1,460,777,000
1,000,528,000
99.748
•0.996
1,537,578,000
1,105,989,000
99.748
2,189,290,000
2,189,290.000 1 00
607,303,811
a
Feb
5
6
Feb
13
Feb
13
Feb
19:
Feb
17
Feb
26
91 days
Jan
20
Feb
1
1 year
Feb
1
10-12 yrs.
607,303,811
Feb 1-29 Feb
12 years
542,000
Feb
2 years
111,122,600
Feb 1-29
♦0.981
99.750
1,769,487,000
30
Feb 1-29
99.752
100
9,130,337,143
Total for January...
Jan
Feb
of maturing and called securities amount¬
ing to $455,258,000 were presented for cash redemption
99.760
91 days
542,000
100
111,122,600 100
•0.997
;
i y*
a
*
-
b
6,918,347 411
Total- for February--—
Secretary of the Treasury Snyder on
nounced
the
offering,
through
the
March
Federal
22
an¬
Reserve;
Indebtedness of
Feb
27
♦0.997
5
Mar H
91 days
1,726,385,000
1,101,402 ,000
1,101,030 000
99.748
Mar
March 1 and March 15.
99.748
•0.997
Mar 18
91 days
1,935.941,000
1,107,232
000
99.748
♦0.996
Mar 25
91 days
1,818,856,000
1,008,654 000
99.748
♦0.996
Mar "l
1 year
1,687.554,000
1,687,554 000 100
897,772 ,200 100
Series D-1949, open on an exchange basis, in
authorized
denominations, to holders of Vs % Treasury Certificates
of Indebtedness of Series D-l948, maturing
in the amount of
April
1, 1948,
Bache
•
Outside
of
Feb
18
Feb
13
Feb
18
,
1,632,292,000
91 days
4
Mar
1
1 year
Mar
1
897,772,000
1 year
10-12 yrs.
961,646,800
961,646 800 100
Mar- 1
588,136,359
588,136,
Mar 1-31
Mar
12 years
1,579,000
above
the
Treasury
Department
in
Treasury bills, Savings Bonds, Tax Administration Notes
arid Depositary Bonds.
V
~ *
j
.
Co.;
&
Co., Inc.; J.
Bradford
&
Co.;
Mar-1,-31 Mar
2 year®
120,185,400
Wood
j"';
Co.;
F.
S.
Yantis
(Continued
1"8
^ 120,185, 400 100
&
&
Co.,
Inc.,
and
Smith & C<Mr
Zuckerman,
-
on page
6)
1,579 000 100
•\
$1,321,139,000. The results of this offer- i
the
&
1 Va
Mar 19
Total for
»
March—-
359
a
In the
comprehensive tables
and the three months'
figures with those
for the corresponding
periods in the four
•Average rate on a bank discount basis, a Comprised of three sepa¬
series, of which series E have 10-year maturity, are sold on a
b
yield 2.90% ; series F have a 12-year maturity,
basis, at 74, and yield 2.53%; and series G
12-year maturity, are sold at 100. and bear 2J/2% interest,
Comprised of separate Issues, designated Treasury notes of tax series
have
a
C-1947,
C-1948,
C-1949
and
C-1950.
the fol¬
March
lowing
pages
we
compare
rate
discount basis at 75, and
are sold
on
a discount
on
the
8,575,191,759
7,473,492,795
—
Total for three months——
ing will be given in these columns next month.
March confined its operations to the usual weekly sale of
C.
1 Vb
Mar
Mar 1-31
Banks,, of iy8% Treasury Certificates of
>
2"
Mar 12
on
'
♦0.952
1,305,222.000
1,003,366,000
1.002,890,000
1,001,464,000
2,590,718,000
770,153,343
9,824,000
143,294,800
91 days
Jan
called
$1,223,495,850. By arrangements made be¬
1,635,902,000
91 days
15
Jan
Yield
Price
1,914,733,000
8
Jan
Jan 1-31
Accepted
99.762
Jan
19
J.
S
90 clays
Jan
Dec
1948
1,303,405,000
2
1, 1948, $897,772,200 for the 2%
the Treasury and the
of the System
Jan
Jan
called for redemption on March 15, 1948, in
the amount of
26
Dec
DURING
Amount
Applied for
$
Jan 1-31
March 15, 1948, in the amount of $1,-
FINANCING
Amount
Jan 1-31
115,367,900 and $961,646,800 for the 2%% Treasury Bonds
of 1948-51,
Due
Offered
the amount of $2,141,731,000,
in
Treasury Bonds of 1948-50 (dated March 15, 1941),
for
Dated
Date
Department announced on Feb. 27 that
The Treasury
TREASURY
by Halsey, Stuart & Co. Inc.; Adams &.
Baker & Co., Inc.; Arthurs, Lestrange &■
Baker, Weeks & Harden; Barret,
Barth & Co.; Bear, Stearns & Co.;
Bramhall, Barbour & Co., Inc.;
Stockton Broome & Co.; Burr & Co., Inc.; Byrd Brothers;
Chace, Whiteside, Warren & Sears, Inc.; City Securities
Corp.;
Clayton
Securities
Corp.;
Cunningham & Co.;
Curtiss, House & Co.; Henry Dahlberg & Co.; DeHaven
& Townsend,
Crouter & Bodine; Dempsey & Co.; John.
Douglas & Co., Inc.; Dreyfus & Co.; Francis I. duPont
& Co.; Este & Co,; Fauset, Steele & Co.; The First Cleve¬
land
Corp.; First of Michigan Corp.; Freeman & Co.;
Graham, Parsons & Co.; Green, Ellis & Anderson; Gregory
& Son, Inc.; Hallowell, Sulzberger & Co.; Harris, Hall &
Co.; (Inc.); Ira Haupt & Co.; Hirsch & Co.; R. H. Johnson
&
Co.; Kaiser & Co.; Ketcham & Nongard; John
Kormendi Co.; Leedy, Wheeler & Alleman, Inc.; Marx &
Co.; Mason, Moran & Co.; McMaster Hutchinson & Co.;
E. M. Newton & Co.; Homer O'Connell & Co., Inc.; Alfred
O'Gara & Co.; Otis & Co.; Roger S. Palmer Co.; Patter¬
son, Copeland
Kendall, Inc.; B. W. Pizzini & Co., Inc.;
Win. E. Pollock &
Co., Inc.; Prescott, Hawley, Shepard
& Co., Inc.; Raffensperger, Hughes & Co., Inc.; Rand
&
Co.; Rotan, Mosle and Moreland; L. F. Rothschild & Co.;
R. C. Schmertz & Co., Inc.; Schoellkopf, Hutton & Pomeroy,
Inc.; Shaughnessy - & Co., Inc.,; Robert Showers;
F. S. Smithers & Co.; Stix & Co.; Edw. Lowbar Stokes
Co.; Walter Stokes & Co.; J. S. Strauss & Co.; Stubbs,
Smith & Lombardo, Inc.; Thomas & Co.; Walter Sc Co.;
Watling, Lerchen & Co.; Welsh, Davis & Co.; Harold E.
Fitch
STATES
Offered
Amctt,
Klima;
UNITED
mtge. bonds, series B, 3%%, due
refunding.
Price,
100.35 and
1st
Purpose,
1S68.
interest
Series C earnings about
1.07%.
years
year
preceding,
comparison.
thus
affording
a
five
•
.
000
Refundi g 58.97,0 18,5~7 13 26,0 ,0
Capit l 28,053 0- 12,59 87 4,809,75
56,94329
-194
$
fcew
Total
298,6.20 5.90*376 9,608,501
$
Recoanstrnudi
12.589421 58,045,163
103,5;74 13 25,47 0 149,82.0
3,06 0 2673*10736 8,725,31
45, 742
24,0189
Capital
436,7268 38.950 82,46.931
Total
New
.
$
Total
•
-
-194G
Reiundi g^ 235,901 2,1 4,0 42,50346 3,451,239 23,0.0
307,169 45 2,980 3,724,0
$
#:
New
90 ,0 0
50 ,0 0
402,940 29,b0v©0 18,65420
30, 0*
310,723947 1,6950 29.54601 21,0 0
Capitl «•- 26,97.05 27,60 16,0 42
•
New
i?
Total:; " '
a
618,32501
26^45,10 12,0762
691,47936
:
84,560. 631.08 1 1,50,0
;
:V*t£
Keiundi g 87,48 0 5713,205 4,079,536
$
-1948
CORPATE,
SOUM FARY
97,0415 53,680
530,87 0 20732,05 7,97,190
Capitl
New
Total
35,0 0
594,60395 30,8 0
•
942,015
630,14.03 1,50,0
obtained
—1947
75,0 0
CISOTRUPNHIEAED
Capit l
$
$
New
Total
GONREUPFWI
:
«
51 ,0 0
10 ,0 0 1,08 ,0
13,50 0 402,940
10,5 0 348.619,0
"
20.18,71 689,86 16,902 49 2.319,57 2,039,250 3,82,10 45,9465 192,0 0 75,23 781 689,868 19,02 49 3,74360 2,319,57 973*97250 3,872,10
2,064
" ao .o o "To ",o
50 ,0 0
13,94061 29,674539
"26 :6 6
20 ,0 0
1,470, 0
$
Refundi g 127,65 0
2,1 4,0
1,0 ,0 18,67 0
„
New
139,82430 49,7250 1,583,.0 29,0 .0
■l-i
50,0 0
Refundi g 192,0 0 52,90. 3,0 ,0 3/7497650 7,36075 0 259,10
•
vs
--
277,
$
450, 8250 '. 61,420 294,1 06 50, 0
Reiundi g 135,96035 20 , 0 "1,60 0 2,68,208
193,28.0 53,840 17,90 0
850. 0
Capit l 1,926.0 14,90 0
129,503 2 15,970. '79,12 3
S1,126258,4375006628,1973349,4.7598869bSfGFtrtoamtOaevhoundbCgicMrlnyipegmdolaisUpenysrfecvsyatdl FTMOAFHANERC
FFGLOOAVFRMEIRNEUTMNAIGOMCHFNDPATR,EGCR
-Tir
Tbi&T
$
$
-I9KL
FYEIVARS 9427,013586SEItnBfaerosi.kl
Capitl
18,67 0 51 ,0 0 47, 294 927,861^
$
713
Relundi g
254,7 0 2,65.0 90,25 70 65,19 68 23,0,0 "9O :0O
's
New
713
148,9045 25,47 0 173,98 9 563,296.0
Refundi g 265,302 29/352764 8 3,150
1945-
152,9635 Devlopment
38.4728 6.453, 0 30,5 0 12,53140
S
29,05 —80,6
135.96,05
7/1,095
436,0 0
f
2.47 ,570 84,095384 4,906,10 1, 80,4 3 16,*47956
ST
*
•
»
y
1,700
2,758,208
473*740 47,9542 0 10,5 0 362,75961
^
-
■
10,5.0 20,94 0 21,53.905 ~ 8~O ,6 O 13,50 0
30 ,0 0
30 ,0
*
26,9705
86,9380 37,5280 6,0 ,0 67,5 .0 75.0 ,0 2, 0 , 0 12,0 0 6,05 0 653,2 80
12,47061 26,91 31
17,54 6
10,36023
.-
1,700
4,2 8,208
1.700
58,9 .539
80 .0
129, 50 10,52930
473 .40 43,726042 10,5 0 23,46 1
139,82430
1.700
48,70236
80 ,0 0
17,83 40
8,453,0 5 38, 2 136 86.9380 354,8914 6.0 .0 80,15.490 75.0 0 2. 0 . 0 12,0 0 74,503 5
17,3861 12,5049
$
Reiundi g 37,960 32,4 80 4,30, 0 5,60 , 0 2,0 ,0 5,60,0 87,48 0
4,079,536
5, 13,205
—.
9,5 2,741 37,96.0 36,50236
9,43.205 5.60 . 0 2.0 .0
Capit l 49,520 305,1 0 6,0 ,0 63,150 69,40 0 20.00 12,0 0 60,45 0 56,870
310,7294
691,473
5,60 , 0 97,0415
.
CAHANR DTE
307,16945
129,503
17,83 40 450,48250
$
13,29075 7,037,285
•
New
8.45305 28,7935 49,520 318, 9075 6,0 .0 70.12,85 69,40. 0 20 ,0 0 12,0 0 68,903 5
534,60 395
"MAR/CvH'*"„1•/ Lboongann-toedtrmess stoc—k foreign- bonanotends-sd— stoc_k corpate_-.j foregoivgernnmt SPotsaeeisn toal—— fidignfnuucrlooedstse MARCH BNooteans-—ds acesori- Miscelanous BNooatnesd-s
utile,_s-L—^ cceooptal,r, mnuf indamuasnnturfdctlrig bueildtncgs, tthrroaeulddstiicnngg.,,, i utiles cceotocp.—al;r,, manuf es c ori indamuasnnturfdctlrig bueildtcn.g-s, -. tthrraouedlsdtiincngg.,,,Micelano—us y'a•-■-,. utiles cceooptal,r, manufces ori indamuasnnturfdctlrig -—buieiltdc.--n1—gs, :—. , thtrrouaeldsdtiicnngg.,,M,iscelanous : utiles—- cceotop.a—l,, manufctres -o_i„indaumsannturfdcltrvig: buieldtncg,sv., —_ ;ttrhruaoesdldti*incn,gg.M,,iscelanous_ coserpcuritate— ku'-><•■v*y*.
PSLCComs:tocnk adin— bonog-annteodrtmesshort-em. refstoc-kd.—Comstocnk Comstoc-nk_ Governm-t-.^IntBeraainonkl._ Gaangvdcie,s^•Mun&icpal—tS.es,
Domestic— Short-em._—
OF
MONTH
Corp ate—
Pref red
Long-termShort-em Pref red
Other
♦
•
<
'•
-
"
-L
7
j
t;
;
!i
v
.
Total
■Candi Loan
Other Farm United
L
.
i
Grand
•These
OF
MONTH
Long-Term Railroads Public Equipment Moatnords
Irsoten,l,
Other — Land, Rub er
Oil
Ship ingInvestm n
Total
Short-Tem Railroads Public ste l, Equipment Maotnords
Iron,
Other Land, Rub er
Ship ing Investm n
7 Stocks—*
Total
Railroad■s. Public Irsoten,l,Equipment Moatnords Other Land, —.Ruber Ship ingInvestm n
Oil
Total
Total-
Railroads Public Irson,te l,Equipment Moatnords Other Land, Rub —er Ship ing Investm n
*—
Oil
Total
■
■-
486,08 t6,453 0 85,2 0 N9,7064 20, .0 698,12364
3 ,960 17,3~9580 9,053 0 26,0 0
Total
S
'•
'
Ulnteraiol
„-i
i
8
45,10 204,7 0 3,90 0 32,90 40.5 0
32,50 0 359,60
560, 0
19,20 5I76-29.6 10.38,90 45,0 0
.
126,48.0 45,10 23.80, 3,90 0 84,5290 50.890 4560,6 3.06: 6
.
\
39,56 28 6,453 0 85,2 0,52,1074 7,290
Refundi g 231,057 0 2,"5067928 26,0 0
-194
'
Tot•al
Refundi g 26,0 .0 203,8 0 40 ,0 18,0 0
-194
.
8,057,0
40 ,0
82,506928 26,0 0 216,80 43,06928 4560-6 8,057-6
13,0 0 247506",928 45,0 0
257,0
-
^
102,930 34,8 7 2 9,053 0
New
Total
146,8 72
724,9150 41008735", *497,61 '25,0 . 0
Capit l
87,91564 *15,0 . 249,06 309,1847
$
^
Capitl
47,-86^324 12,70
19,50 90 ,0 3,50,0 14,0 0 40.5•,0
New
■
6,120
24, 30
102,93
10 ,0
28.405 354. 0, 29,10. 56,0. 0 13,0 0 9,23 0 5,0 .0 749,1250
'S
Total
;
'. ..
27,1297 10,3►89.0
—
—
"Teb^O O 43,91872 19,50 7,02 0 3,50,0 41.2 ,972 50,8 90
—
1, 75,0 2576O:6
10,75 0 9175394
.
128,03194 28,405 364,510 29,10 148,35 194 13,0 0
?5,03.0
10 ,0 0 1, 75.0
963260 30. ,0
-.
!:-7
.
Refundi g 648,59 0 62,_37516 83,150 25,0 0
736,8476 15,0 0 238, 50 180,750
$
-1945
Capitl
New
:al
Tot
586,230 2,65,0 238.56,10 158,30 5 23,0. 0
s
Refundi g Sr.- 549, 158 2,140 14,9285 7,97,983
-1946
"
~
9o 7o6
23,0. 0
-
2379-8",27 63,258 6 25,7450 354,2150 29,0 0 7265l"84 "io To o 4,32-6 23,9827
30751,864
7
10,750 129,03 87
Capit l
1,0952 3 ''i-Kv;:.\,
5
4
9,108 50
Refundi g 25,74 50 345,21 0 29,0 0 42,0 ^TO IO O 4^32:60 673,589 0
14,06798,
76,"32 0 64,"960^2 18,746
$
-1945
107,9350 234,1 529
29,680 9,250 10 ,0
:
New
1946—
697,3056 72,940 29,6350
,96850
4,90,0 5,0 ,0 76,32 0
Total
$
'
'
Refundig 354,9 0 64,28.0
$
609,4350
125,0
2,50 , 0
572,6158
7,360, 0 4,50 , 0
2,064,0
-—
'■
-:
90,653 71 1,08,0 39,614.38 16,23960 3,50 65 9;,851237 32,5746
2.6 5.0
50,0 0
29,680 10,9 850 10 ,0 75,4013 13,0 0 1,7 5-,0 460,6 6,01,728
6l7o~T,36 1,75,0 l76"*l,728
.
203,98421
364,21.0 158,793 1 1,08 0 40.67~'438 25,1342 120,73960 13,9 0 3,50. 0 176 ~237 37.1624
_
689,86
354,90 135,821 68.71,208 104,5 0 13.9 0 2,31957
169875110", 689,86 40.61,20 2,319,57 2,039250 7,49,52
2,1 4,0
96 9650 7,9 52
>'vj
YEARS 4920,17-5386SUitQpanPlrueosc/.bdf—~•v■ 48361,9.0572
643/79•,508
Y1,2870136,5985.3024,49856073.4269tSOhUiobMla;pgnCGe-FtoffvebcSsrharrdmngodmagutnicfyp.lletdyes*—-■'~—FM3REITOANVFHSD1RCOSAE 77#3164,8!'0A21£7,96145.523963,80;7208•45^
FM3ETFIANOVHLMAIRFDU1AGOCNCVRESRPDGNMT.
/.
36,78 412 51 .0 123,6 95 150,31 70
90 ,0
Total 79,306 6O,075.Or 83,6039 92,478 4AV•*."*
39 ,0 0 *•'>j;
Capit l
New
"$•>
* *•'.
'
31,7894 Pf-;v. 34,950 204,7029
?'*
*
i.
• r_
'
■
10.273407
I.——
•
1,0265 31 t7.ail,pO 45,0 0 162,09t) ,618.075 0, 8
Total
*.
3.25,0 2.08 950 2,941 2
-1947 Refundi g 2 6,3 .18
':
39 ,0
Capit l 53,40719 56,840 61,5204 69,53 02
$
'
1,3057280
10 ,0
FCORPEIGANT,
Capit l 1,20 39
10 ,0
New
89.47,513 158,7904
7/
Capitl 4.50, 249,7 0
New
•v
Total
.
.
19,50 0 205.98,05 "'80 ,0 0
4,621,40
1,80,0 18,53410 3,0 .0 3,087153 —T-UCV 6 1, 0 25.06,0 " 70V.930 8,791,786
91,630
81^72,34 3,209 r —- 1,291,07 25,6752
56,40 56,840 29.7583
19,50 0 287,60.93 91,630 4,0 .0 .1,2907 15,37216
l.;sV TJil
149,3580 639,142.86 30, 0 60,0 37,46927 260,71.50 8.960 12,0 0 175,40981
f,
;
—^-7 708,930
13
/
C::
r
3,164 1
10.0'
10 ,0
149,3580 583,2 80 30, 0 670,65 26,08 145,0 8,960 12,0 0 163,950
5,820,10 75,38-267 15,721 50
1,3605728
$—*7•/7
Refundi g 37,960 32,4 80 15,32 0 5,60,0 5,80,0 6,90, 0 103,5 80
134, 0 5,47,42
'it-."
1,503657 _ 85,20 961,3470 2,05,0
—
-•
3M09ilQ 2785,48
"i-
219,65.0 96,4218 2,05,0
1,6905 14
5,0 0
v
72956,333,400617819 11428316,,490,742,057?9689$33
UTI3NCNOOGIHRRPEEUDFWAP!SIE
29,0
■ •:
t
13,72057
46,350. 468,0 487 2,50 0 31209,707 91,630 17.61,0 25,0 0 276 76 124,6392
^•,035,0 3,2 5,0
1,80 , 0 3,0 ,0 30,21695 13,61 6 25,0 . 0 1. 35, 86
—1947 Refundi g 15 , 2 0
$
§
Capit l 1 ,9620 50,8 0 30, 0
ACHNARDTE
.
1,257039
New
2,5430697 by 6,0 24.751390(;,6 2 — 156,90
"
10 ,0
258,3614
■
-
10 ,0
51.7408 69,874:062 15,72150
.
-
"
20,83 205 5,60,0 5,80 0 7,586,516
" 596:516 10, 89257
5, -13:205
v- / 4,079,536
;
10.86T45 248,1975 1 .962,0 602,4 80 30, 0 6.0 :0 316, 02 25.1 ,50 3,160 12,0 0 167.82 465
-
^1,50367
:—naoteds -1' naot—eds —. — —- 4.notes— - — —-i_/, governmt— a.cies&—t_,Posein - fuionbctladinseed,Dvalpnmd M3EANR1DCH NoBteoas—n•ds ;utilesetcc.c—opoaerl,,mnuf acesori imnaadnuunfscttdrrigl beuildtcngs, - v|,hetortalrtducins.g,, NBotoeasn-ds utile—s- eccotpoar,l,manufctes ori inmaadnuufnscttrdrigl beuticld.-^ngs, heottrrlatudcisn.g,, —.'•", utileseccotopa.lr,,mnuf acesori—*. inmadanuunsftcrtdrilg2. bueildtncgs, htetorraltudcisn.g,, utiles eccootpal,,2manufctres oi indmaaunufsncttrridg—.l bueildtncgs,2- httorreauldtsicng.,, sceocrpuritate
M3EANR1DCH
stock stock *~ bonds Presftockd stock foreign— boanndds Sho;rt-em stock stoc.k Gvrnmet bfiIntaernaokl Goavntd, •Municpal—Stes,Staes toal-.G—rand dfingu'•oTrheests Reconsru-tifor
bLoonngd-tesrm Short-em corpate
D—CHMONT S orpate omestic— Short-em Pref red Com on Candi — Long-term Com on Long-term Pref red Com on Can dian fOorethigern Loan
•iOther
-•'Total
i-~
s
-
V
,
, -'"v
Farm
United
\
Bank-
MONTHS Long-Term Railrods ste l, Equipment Maontdrs TRuber Shiping Investmn Miscelanous Short-Tem ste l, Equipment Maontodrs
3
*
Public Iron,
Other Land,
:•
OSUMFARY
Refundi g 103,5 80
$
4
5,0 0
5713,205 4,67,052
$
-1948
94, 178 163,9506
30 ,0 0
^1?
10,273497 751,9 258 6,830 604,8931 21,0 0
New
Total
91,630
60,750 6,5748/ '84760",92 3,^0 .0 — 2,0 ,0 30,28,92
:
'
■:.
9,7460 2,971 90 1,08 0 3962476 183,47 213 16,239.60 -360817 76 1687 29,36 514
?
*
274,583.07 7,810 45,0 0 95,260OQP 13,7819
21,43190 1,08,0 38,924.570 163,27801 16,23960 1,80,43 7,81,987 24,78 514
New
^
:
S
51 .0 0
Capit l : 9.746,0 1,392,0
%
y1■
•
;
-
'■
r-:
•'.i
/
*.
.
■
Oil
Public Iron,
Other Land, Rub er
Ship ing Investmn
Miscelanous
Total
■.
Stocks ste l, Equipment and .7 Investmn Miscelanous Total— Railrods Public Irsoten,l, Equipment Maotnrds
Total
Public iron, Motors Other — Land,
Oil
■
■
\
-2 Ship ng Investmn Miscelanous
Other — Land, Rub er
Oil
Total
/
6
(1802)
THE
:w} •'
(Continued from
3)
page
,
COMMERCIAL
20,000,000 Interstate
,,
Power
Purpose,
4,750.000
Chesapeake &
due
March
ment.
'
:
h/
.
to
yield from
Offered
by
Baker
1.25%
Harris,
to
&
2,640,000 Chicago
according to maturity. Offered by The
Corp.; Kidder, Peabody Sc Co., and Dick
%
Co.,
&
trust
to
Paul
certificates,
1, 1958.
yield
maturity.
Co., Inc.;
series BB,
Purpose,
from
Offered
by
Equitable
Pacific
&
1.25%
Harris,
2.40%
to
Hall
Securities
Rio
;
.
■
Grande
Western
Smith,
(Inc.);
RIt.
*2,000,000 Iowa
fered
by
Harriman
Brothers.
Ripley
to
Blair
series
Y,
RR.
'
,
2(4%
Inc.,
•
2.55%
A.
Wisconsin
Co.;
Co.; F.
Yantis
S.
W.
&
R.
Julien
c.
&
Collins
Co.,
Miller
&
&
Co.;
Mulianey,
Thomas
&
Hill
&
Co.;
Co.
of
Inc.;
Hills
Hills
Co.;
etc.
Sold
notes,
&
Co.;
Gas
Public
;//
Telephone
due
&
van
&
Lee
Drexel
Co.;
&
E.
W.
Clark
&
Co.;
Julien
Collins
&
Co.;
Sc
Co.;
The
Stein
Co.;
Monnell
Robinson-Humphrey
Bros.
Ball,
Sullivan
Minsch,
Sc
Co.,
&
Co.;
Co.;
Mulianey,
Sehwabacher
&
Co.;
Nashville
Securities
Co.;
First
Co.;
finance
by
bo
&
R.
Kirkpatrick-Pettis
C.
Miller
Co.; Mason, Moran
&
&
Co.;
E.
W.
Co.; Pacific Northwest
Co.; Perrin West
Inc': Rand & Co% Schmidt, Poole Sc Co.;
Scott &
Stnngfellow; Stix & Co.; Sutro &
Co.; Townsend,
Dabney & Tyson; Wheelock &
Cummins, Inc.; Harold E.
wood Sc Co.;
Woodard-Elwood & Co., and Yarnall & Co.
♦15,000,000 Consolidated Gas,
Electric Light & Power
ion on
100.99,
*1,000,000
El
Co,
il reIUnding
mtge.
Pufpos.c- financial
rii
Placed
privately
Paso
Electric Co.
struction.
Placed
Life
sinking
Insurance
fund
bonds,
of
construction program.
privately
Co.
3 W/c
with
bonds.
P'urpose,
Massachusetts
of
due
Sold
Jan.
l,
1978.
privately
Insurance
to
Purpose,
1st mtge.
bonds, 3'/2%
construction.
Price,
Metropolitan Life Insurance
^nQSUrHnce Cor and Connecticut
Co.,
':
&
Co.;
L.
E.
F.
Placed
and
1st mtge.
due
Electric
L.
Co.^
Day
&
tial
,,
Insurance
Jan.
1,
bonds,
due
&
1963.
3.(4%,
(*'
,
.
/
and
102.125
Central
Electric
&
Co.
Merrill
bonds,
Union
Co.
3(4%
finance
interest.
Republic
1st
*3,500,000
&
15,
&
Cup
due
1963.
Co.
15-year
privately
%
with
-
15-year 334%
Purpose,
working
Hall
000).
-
sinking
fund
corporate
deben¬
purposes.
Co.
of
increase working
insurance
an
./^
,
PJaced
company
-
note, due March 15,
3%
1968.
privately
sinking
Pur-
with
fund
expansion
privately
New
to
debentures,
program.
Price,
Equitable Life
Assur-
States
-r.
Corp.
1,
through Lehman Brothers.
United
'
May
%
loans and
with
Co.
the
of
due
Insurance
.
Put-pose,
Sold
loan,
through
Hemphill,
.
mortgage
Placed privately
loan.
with
Purpose,
pay
the Equitable
bank
Life Assur-
Bociet'y 'of the 'United Statek
pose,
t
i
and
par
sinking fund note, due March
etc.
Co.
Printing
interest.
•8,000,009 Marathon Corp.
,
mtge.
finance plant expansion,
.
capital,
Society
loan, etc.
1st
($130,000);
Price,
'
bank
repay
Life Insurance
*500,000 Lipe-Rollway
/ance
fund
Prudential
'
Noyes & Co.
Inc.;
pri¬
Investing Co.
374%-3^%-
Brothers.
ance
due
Placed
refunding
3(4%
bank loan,
repay
Lehman
F.)
debentures,
(Inc.).
sinking
Purpose,
privately
(YV.
Pruden-
insurance company through Goldman,
an
19681
•
fund
Valley
Co.
1951-1958.
with
purposes.
Co.
($70,000).
1965.
Placed
100- and
/
sinking
Purpose,
Fibre
serially
Co.
&
mtge. bonds, series B
Co.
Service,
Offered
(Inc.);
serially
Inc.,
Aug.
1st
16,
Securities
sinking
Corp.
fund
construction
Lynch, Pierce, Fenner
295,000 Trailways
—.
by
Service
Purpose,
and
and
3%
refunding
Placed
due1 jserially
notes,
($2,300,0CQ);
privately
repay
the
with
1949-1958.
bank loans
Equitable Life
Pur*
($4,200,Assurance
Society of the United States.
Gas
Offered
Electric
deben¬
loans
i
4
15-year
1963.
July
Placed
York
*7,500,000 Minneapolis-Honeywell
Jan.. L ,4978.
Purpose, extension, improvePrice,
101.467
and
interest.'
Offered
by
Inc., and Stone & Webster Securities
Corp.
interest.
Inc.,
1,
Paper
Purpose,
pose,
?
program., <
Hall
& Beane,
mtge.
Co.
16,
4(4%,'
bank
1958% Purpose,
*800,000 Plume
•;
>.://;
1963.
Securities
Co.- 4%
England
j
Purpose,
10-year
plant
,
loan,
//
&
Atuood
■
Mfg.
corporate
Purpose,
improvements.
Mutual Lite
Co.
necticut Mutual Life Insurance
liquidate
Placed privately
Insurance
4%
Purpose, plant rehabilitation.
-.
general
Corp.
facturers National Bank of Detroit.
.
.(Inc.);
4(4%)
Union
15,
indebtedness,
with New
and Shields Sc Co.
(4%,
1948-Feb.
&
'
4
Price,
by The First Boston Corp.;
Harris,
.
debentures,
Placed privately with five institutional investors
*300,000 Murphy Chair
:/*-i-
2.85%
purposes.
through
.
;
Co.
March
:
%
debentures,
Regulator
maturing
v
,
Co.,
1973.
Offered
fund
term
repay
due
Republic
*6,000,009.Ftfntkote, Co. 20-year 3%
5,000,000 Texas Electric Service Co. 1st
mtge. bonds, 3% series, due
1978.
Purpose, finance construction program. Price, 101.19
5,000,000 Texas
interest.
sinking
privately
corporate
Central
through
Co.
etc./
Blyth Si
15-ycar
capital.
Harold
due
ments,
Co.
America.
purposes
*5,000,000 Duplan Corp.
1,
loan,
Placed
by Mohawk
America.
Walter
&
and
3(4%
Purpose,
3(4%
Co.
Purpose,
privately to
*6,500,000 Dixie
New
England Telephohne-Co. ;3Q-year ,3(4%
debentures,
due
March
1,
1978.
Purpose,
refunding
($1,000,000); construction, etc. ($1*1,000,000). Placed pri¬
vately with 14 institutional buyers
through Chas.' ,W.
Scranton
1968.
Life
Co.;
7,000,000 Southwestern
20-year
capital.
April
due
Sachs
Byrd"-Brothers;.' Henry;
Co.;
Dempsey & Co.;
W. Scranton
Price/100
Co.
Offered
interest.
eon-
Stuart
&
Sc
corporate
*4.180,000 Champion
etc.
Co.; Thomas & Co.;
Co., and F; S. Yantis & Co., Inc.
Strauss
10-year 1st mtge. convertible
Purpose, general corporate pur¬
of
through
general
Offered
Co.,
Co.; Chas.
Corp.
1,
200,000 Bennett-Ireland,
Ihsurance
Halsey,
MANUFACTURING
Co.
1963.
vately
"
loan,
AND
Co.
working
*1,500,000 Barber-Greene
'15,000,000 Southern
;
Graves
Seating
Purpose,
Ira Haupt & Co.;
Hayden, Stone
Co.; Mulianey, Ross & Co.; Otis &
Palmer Co.; Wm. E. Pollock &
J. S.
due
Stubbs; Coifin & Burr, Inc.; Drexel &
Co.;
Hall
&
Co.
(Inc.); .Putnam & Co.; Chas. W.
& Co., and G. H. Walker & Co.
*240,000 American
Illinois
Co.;
Wood Si
debentures,
fund
&
Harris,
privately
Mututal
Life
sinking
Scranton
bonds, clue 1973.
with
by
The
Pierce, Fenner Sc Beane; Hornblower Sc Weeks;
Anthony Sc Co.; White, Weld & Co.;
Whiting,
Tucker,
Weeks
ratge.-^-bonds-v ;ser-ies. C
Offered
and
Castings*
1958.
Optical
Purpose, repay bank,loans,.extensions,.etc.
interest.
Company,
working capital.
Price, 100.35 and interest.
by Harriman Ripley Co., Inc.; Estabrook &
Co.;
Lynch,
,
I
.
Co*; J st.
Sc
Blyth & Co., Inc.; The First Boston
Corp.; Lazard Freres
&
Co.;
Lehman
Brothers;
Paine,
Webber.
Jackson
&
Curtis; Glore,
Forgan & Co.;
Goldman, Sachs Sc Co.;
Kidder,
Peabody Sc Co.; Lee Higginson Corp.;
Merrill
Brown
;
3%
capital.
due March
Offered
-»-
&
Halsey,
Blair
America.
working
tures.
W. E. Hutton
interest.
Capital
Co.;
bontiwings,
pri¬
Co.;
bank
repay
and
Inc.;
Co.;
ACCESSORIES
Co.
due
by Gordon
Boston
privately
York
/
Rothschild &
&
%
($298,800);
New
and
The
'
The
Life
of
3
Allison-Williams
Roger S.
Stokes
,
<
-
1978.
101.39
Inc.;
Co.;
series,
Co.;
Co.
Dahlberg & Co.; R.
Gregory Si- Son. Inc.;
102.345
Mutual
97.54
subscription
by
($334,200) debentures
Unsubscribed
AND
Machinery
10,000,000 American
1st mtge. bonds, series B,
Purpose,
repay
bank
loans,
Price,
Fuel Co.
Denver.
Price,
clue
*4,000,000 Empire District Electric
Co.
etc.
($401,200).
3%, due
con¬
Mutual
.
&
10,000,000 San Diego Gas
with New York Life
Insurance Co. f
1st mtge.
additions,
1978.
refunding
Co.
•
of
bonds,
poses,
&
Insurance
S,
Price,
6%
Oklahoma
struction
1
Bait. v
series
of
Purpose,
o
a!
Co.
295,000 American
loan, payable $400,000 semiannually,
1,
deben-
construction
for
Purpose,
Aluminum
Salomon
•700,000 Pueblo Gas
Sc
Sears,
Inc?;
Chaplin & Co.; C. C.
Collings & Co., Inc.; Courts & Co.;
B.
K.
Cunningham & Co., Inc.;
Curtiss, House & Co.;
Davenport & Co.; Foster &
Marshall; Grubbs, Scott- &
Co.; Johnson, Lane, Space &
Co., Inc.; Kay, Richards &
Co.
Feb.
convertible
finance
Corp. 10-year 4(4%
notes,
Sept. 1, 1949-1957.
Purpose, modernization
expansion.
Placed privately with Prudential
Insur¬
and
Bros.
&
Hutzler; Goldman, Sachs & Co.;
Co.; W. E. Hutton & Co.; Tucker,
Anthony &
Co., and The Milwaukee Co.
Cleveland
Co.; Geo. G. Applegate; J. C. Bradford
Biddle, Whelen & Co.; Byrd
Brothers; Caldwell,
Co.; Chace,
Whiteside, Warren &
due
Drexel
Christensen, Inc.; Reinholdt &
Gardner; William R. Staats
Starkweather & Co.; Stifel, Nicolaus &
Co., Inc.;
Walter Stokes
Phillips
Service
3(4%
Offered
William
INDUSTRIAL
tures,
2(4%,
Co.
annually
Sold
10,000,000 Public
Co ;
&
Alex.
1948-1955.
Purpose, corporate purposes.
Sold
to Mutual Life Insurance Co.
of New York.
Sc
&
OTHER
due
Merrill Lynch, Pierce, Fenner & Beane; F. S.
Pacific Northwest
Co.;
Paine,'.Webber,
Co. 3.5%
;
_
Trailer
Co.;
*6,400,000 Panola Gas
Co.:
Writer
-
Witter fit.Co.
;
Inc.;
1966.
*$350,000 Advance
Bosworth, Su'li-
&
*
States.
ance
Placed
Inc.;
Pont
>
pay bank loans.
Placed privately
v.ith Equitable Life Assurance
Society of the United
Gregory
Co.; Stone & Webster Securities Corp.; Stroud &
Co., Inc.;
& Co.;
Spencer Trask & Co.; Tucker, Anthony &
Union Securities Corp.; G. H. Walker &
Co.; Weeden
& Co., Inc.;
White, Weld & Co.; Whiting, Weeks & Stubbs;
The Wisconsin Co., And Dean
Haupt & Co.;
Co.; McJunkin,
Peters,
du
First
Co.
MOTORS
1,
Co.;
Boyce; Wurts, Dulles & Co.; Baker, Watts &
Burge & Kraus; Boettcher & Co.;
Bosworth,
Co.; J. M. Dain &Co.; Clement A. Evans &
Inc.; Farwell, Chapman &
Co.; The
Corp.; Granbery, Marache &
Lord; Ira
-Johnston, Lemon Sc Co.; A. E. Masten &
Patton
&
I.
The
Co.;
1
Purpose,
par.
Company.
Sutro
Co.;
Ross
Sc
Aug.
& Curtis;
Prescott, Hawley, Shepard & Co., Inc.;
Pressprich & Co.; Shuman, Agnew & Co.; Smith,
& Co.; F. S. Smithers & Co.; William R. Staats
W.
Barney
j,
Cooley & Co.; R. L. Day & Co.; R. S. Dickson &
Co.,
Inc., The Illinois Co.; E. M. Newton &
Co.; Riter & Co.;
Swiss American
Corp.; Mackubin, Lcgg & Co.; Thomas
& Co.;
Fahey, Clark & Co.; Heller, Bruce & Co.; A. M.
Kidder
&
Jackson
R.
Hutzler;
Co.; A. C. Allyn Sc Co., Inc.; Hallgarten &
Higginson Corp.; Phelps, Fenn & Co.; Dick &
&
Inc.;
Francis
&
Corp.
&
etc.
*06,000,000 Fruehauf
Co.,
(Inc.); Hayden, Miller & Co.; Hemphill,
Henry Herrman & Co.; Hill Richards & Co.;
Co.;
Moseley
Pomeroy, Inc.; G. H. Walker & Co.; Alex. Brown &
Sons;
William Blair & Co.; Kean, Taylor &
Co.; The Ohio Co.;
Weeden & Co., Inc.;
Auchincloss, Parker &NRedpath; Burr
Co.,
Co.;
Estabrook
-
Marks & Co.;
Baker, Weeks & Harden; Estabrook & Co.;
Parsons & Co.;
Gregory & Son, Inc.; Laurence
Marks & Co.;
Reynolds & Co.; Schoellkopf, Hutton &
&
Co.,
Boston
Jan,
ments,
Johnston, Lemon & Co.;
& Company, Inc.;
Kidder, Peabody & Co.; Kirkpatrick-Pettis Co.; Kuhn, Loeb & Co.; W; C. Langley &
Co.; Lazard Freres & Co.; Lee Higginson Corp.;. Lehman
Brothers; Carl M. Loeb, Rhoades & Co.; Laurence M.
Company:
v.
&
First
(1„
Light Co. 1st mtge. bonds, series B
1, 1978.
Purpose, additions, improve¬
Price, 102.46 and interest. Offered by
due
Illinois
Co, 30-ycar 3(4% deben¬
Purpose, finance extensions,
and interest.
Offered
by
Barbour
1963.
Price,
Stuart
Insurance Co.
Blyth & Co., Inc.;
Bramhall,
The
Company.
Kalinan
Graham,
,
&
debentures,
J. J. B. Hilliard & Son; Hornblower &
Weeks;
&
Co.;
The Illinois Company;
Merle-Smith; Blair & Co., Inc.; Coffin & Burr,
Inc.;
Hornblower & Weeks; R. W. Pressprich & Co.; Shields &
M.
10234
Power
1,
Tower
3(4%,
Bnish, Siocumb & Co.; Clark, Dodge & Co.; Dc
Townsend, Crouter & Bodine; Dominick & Dom-
&
Noyes &
Offered by The First Boston
Corp.; Bear, Stearns
& Co.;
Eastman, Dillon & Co.; Ladenburg, Thalmann &
Co.; L. F. Rothschild &
Co.; Salomon Bros. &
Co.;
1978.
by
,
,
&
stockholders.
3,000,000 Wisconsin
Telegraph
1,
*
Price,
Penn Power Co. 1st
mtge. bonds, series M 3%, due
1, 1978.
Purpose, repay bank loans, construction,
Price, 101.19 and interest. Offered by Halsey, Stuart
Sc Co., Inc.; Fauset, Steele &
Co.; First of Michigan Corp.;
Hornblower Sc Weeks; A. E. Masten &
Co.; Minsch, Monell
& Co.; Mulianey, Ross &
Co.; E. M. Newton & Co.; Otis
& Co.; Stroud &
Co., Inc., and Thomas &
mtge.
15-year
Offered
Inc.
debentures,
purposes
Stroud
Stuart
expansion.
Life
interest.
fund
corporate
etc.
Harris, Hall & Co.
interest.
(
4 'A %
l
3(4% .sinking
general
Mason-Hagan,
Inc.,
Scott, Horn*r & Mason,
Scott & Stringfellow, and White, Weld & Co.
Inc.;
pay
finance
series,
March
Elwortby'
Corp.;..First
California Co.;
First of Michigan Corp.;
Folger, Nolan
Inc.; Goldman, Sachs & Co.; Harriman Ripley &
Co., Inc.,
&
•15,000,000 Columbia Gas & Electric
Corp. 3-14%: debentures, due 1973.
•#
Purpose, general corporate purposes.
Price.
101(4
and
Wertheim
&
March
&c.
Co.;
Sons;
inick;
to
Stales
bonds,/;
pipeline..
building of
..Placed privately with seven ihsurance
companies.
Purpose,
Co.
Purpose,
Price,
Morgan Stanley & Co.;
Life Insurance Co. of
Denver.,,,
h
Cities Service Gas
Co. 3 (4%
1st: mtge. pipeline
due from
1954 to 1963.
■
ref.
3(4%
$337,572,800
Halsey.
1st &
\
bonds
12,000,000 West
Co.;
Stern
Walter Stokes &
Co,
"
>
mtge.
Lehman
Robinson-Humphrey
1978.
Service
.
,
The
r
Erotherc;
Pancoast;
Green, Ellis & Anderson;
Electric
&
1, "1963.
additions,
'
Purpose,
Inc.;
by
15,
Mer-
Co.
port & Co.; The First Boston Corp.; Galleher &
Co.,
Harriman
Ripley
Si
Co.,
Inc.;
W.
E.
Hutton
&
Corp.
of Noriolk;
Kidder, Peabody &
Kuhn,-Loeb
Sc
Co.;
W.
C.
Langley •& Co.;
Inc.; Heller, Bruce & Co.; Hill & Co.; Hirsch & Co.;
&
Weeks; Mackubin, Legg & Co.; MasonInc.; Milhous, Martin & Co.; Nashville Securities
75,000,000 Pacific
*1,350,000 Cheyenne Light, Fuel & Power
Co. 3(4% bonds, due 1978.
Purpose, repay bank loans, construction. Placed
privately
with Mutual Life
Insurance Co. of New York and Capitol
*20,000,000
Offered
April
with
Insurance
Investment
j
vately with (John Hancock Mutual
due
privately
Co.,
series, due March 1,
Haven
Society of the United
through Dillon; Read & Co., Inc. (as agent).
common
bonds, 3%
short-term notes,
construction, &c.
Price, 100.99 and interest.
Offered by
Harriman Ripley & Co., Inc.; Union Securities Corp., and
White, Weld & Co.
&
tures,
1.951-1900.
Purpose,
Equitable Life Assurance
interest.
due
privately
offered by Stone Si Webster Securities
Corp.; Anderson &
Strudwick; Blyth & Co., Inc.; Bosworth, Sullivan &
Co.;
Branch, Cabell & Co.; C. F. Cassell & Co.. Inc.; Daven¬
& Co.; Sterne, Agee & Leach;
Co.; Thomas & Co., and F. S. Yantis & Co., Inc.
Co.
serial
i:„
&
Otis
Jan.
31/»%
&
bonds,
Lite
•
($5,905,600)
Stern Brothers & Co.;
Brothers
3%, equipment, trust notes. Purpose,'
Sold privately to Mercantile Trust
Light Co.
extensions,
Simon & Co.;
and
expenditures.
Lynch,
Robertson
1st
Light. Co.
11,753,800 Virginia Electric
■J;''.
lures, due April
Light Co. 1st mtge. bonds, 3 Ve% -series,
Purpose, finance construction program.
Price,
8,000,009 Louisville
Power &
&
Dewar,
Co.
Purpose,
Blyth & Co.,
Power &
Burr
Hagan,
etc.*
Power
Co.;
com-
Cassell
,
Hornblower
Lf&ht Co. 1st mtge. 3% % series C,
due 1973.
Purpose, construction, etc. Sold privately to
Equitable Life Assurance
Society of the United States by
Dillon, Read & Co., Inc. (as agent).
'■
*600,000 Black
M.
and
& Son,
Baltimore.
*1,100,000 Black
I.
100.485
UTILITIES
Co.
purchase of ouses,
series
Placed
Brothers: Hirich & Co.; Hornblower & Weeks;
Lemon & Co.; Edward D. Jones & Co.; A. M.
1978.
*1,500,000 Maine
*$4,000,000 Baltimore/Transit
&
Co., Inc.
due
$86,938,000
PUBLIC
101.675
& Sons; Farwell,
Chapman & Co.; Fried¬
&
Lesser;
Granbery,
Marache
&
Co.;
Stone & Co.; Henry Herrman & Co.; II. Hentz &
10,000,000 Louisiaua
Inc.; C. C. Collings & Co., Inc.;
Co.;
portion
Merrill
mtge.
Placed
.
Light
4
1973.
and
Prescott,
Hawley,
Shepard & Co., Inc.; Reinholdt & Gardner; Scherck, Rich-
The
Ross
Brothers;
of.
F.
10,000,000 Virginia- Electric & Power Co. 1st &
refunding mtge.
bonds, series F 3%
due March 1, 1978.' Purpose, finance
construction.
Price,
100.99
and
interest.
Offered
by
White, Weld & Co.; Equitable Securities Corp.;
Paine,
Webber, Jackson & Curtis; Shields & Company; F. S.
Moseley Sr. Co.; William Blair & Co.; Green, Ellis &
Anderson; The Ohio Co.; Watting, Lerchen & Co.; Hallowell, Sulzberger & Co., and Singer, Deane & Scribner.
Lee Higginson Corp.; Metropolitan St. Louis
Co.;
Mulianey, Ross & Co.; Paine, Webber, Jackson &
Curtis;
Piper,
Jaffray &
Hopwood;
Co.;
Inc.;
Co.*
due
Brokaw
Co.;
Inc.; Equitable Securities Corp.; Graham, Parsons Sc
Co.; Gregory & Son, Inc.;
Harris, Hall & Co.
(Inc.);
Hornblower & Weeks; Otis & Co.;.L. F. Rothschild &
Co.;
Burr <& Co., Inc.; R.
L.
Day & Co.; First of Michigan
Corp.; Freeman & Co.; Hayden, Miller &
Co.; The Illinois
Co.; Kean, Taylor & Co.; McMaster Hutchinson
&
&
bonds,
purposes.
C.
Bear, Stearns & CoJ
Edwards
Johnston,
Co.,
Pollock
1
#
,
35/s%
postion
by
Purpose,( general corporate purposes. Price,
interest,), Offered by Lehman Brothers and
and
3,000,000 Utah P«wrr
Kidder & Co.;
RR. 2%% equipment trust
certificates, series
S, due annually July 1, 1943-1962.
Purpose, purchase of
equipment. Priced to yield from 1.15 to 2.65%
according
to
maturity. Offered by Halsey, Stuart & Co. Inc.; R. W.
Pressprich & Co.; Bear, Stearns & Co.; A. G. Becker Sc
E.
G.
man,
Hayden,
ter
E.
101.46
debentures, due 1968.
privately through
-V-• / /
mtge.
1st
Mutual
.
&
...
corporate
Unsubscribed
by Lehman
Dempsey-Tegeler
*
Win,
1st
1978.
•
Pierce, Fenner & Beane;
Ames, Emerich & Co.. Inc.; Baker, Weeks &
Harden; Ball, Burge & Kraus; J. Barth & Co.; Richard
W. Clarke Corp.; Clayton Securities
Corp.; Cohu & Co.;
Central RR. 2%%
equipment trust certificates,
annually March
15,
1949-1958.
Purpose, purchase
Priced to yield from 1.45%
equipment.
to 2.70%
accord¬
ing to maturity.
Offered
by Harriman Ripley & Co.;
Lehman Brothers; E. H. Rollins &
Sons, Inc., and Shields
Co.;
Co.
Purpose,
/
Power
due
Gas
offered
trust certificates,
1948-1957. Purpose,
due
Milwaukee
Utilities
1978.
•:.
4%
Co.
refunding.
ancc companies.
3,000,000 Utah
Sold
100.
•
stockholders.
mon
r
12,600,000 New York
The
1,
secured
Price,
%
iV
Gas Light Co. 4 x/zr,'o ■ 15-year convertible
sinking
debentures, due March 15, 1963.
Purpose, refunding.
100 and interest.
Offered for subscription by com¬
Price,
according to maturity.
& Co.
'
'
1S78.
fund
equipment
due
4%%
Co,
Water
cash
Offered
''
Illuminating Co. of New Haven 30-year 274%
debentures, due Feb. 1, 1978. Purpose, finance copstruction, extensions,
etc.
Placed
privately with six insur-
6,084,000 Laclede
semi-annually Aug. 1,
equipment.
Priced
to
yield from 1.25%
to
Offered by Halsey, Stuart
& Co. Inc.; R. W.
Pressprlch Sc Co.; A. O. Becker & Co.,
Inc.; Otis & Co.; William Blair & Co.; Freeman Sc Co.;
Illinois Co;; Julien Collins Sc
Co.;
First
of Michigan
Corp.; Mulianey, Ross Sc Co.; Alfred O'Gara &
Co., and
F/S. Yantis Sc Co.,
Inc.,
1
&
interest.
*8,000,000 United
-
t
y
supplement
and
..V" /"
r
chants & Business Men's
,
,
tures, 3% '/<■< series, due 1965.
Purpose, corporate purposes.
Placed privately through Central
Republic Co. (Inc.),
of
purcase
'
Co.
'
■
Monday, April 26, 1948
and
100
Inc.-C
1973.Purpose,
•
& Electric Co. 1st nitre, bonds, '"/«%
Purpose, construction program.
Price, 101.25
and Interest.
Offered by Halsey, Stuart &
Co., Jnc, ~ *2,750,000 Kansas-Nebraska Natural Gas Co. sinking fund deben¬
Lehman
and
Jan.
due
2(4%
„
Central
Power
refunding.
Barney
5,000,000 Kansas
Hutton
Bramhall, Barbour
Wisconsin/Co.,
Co., and Quail Si Co..
loan
Price*
Co.,
*40,000 Trevorton
wrf&h
privately
Sc
Schoellkopf,
& „Co.,
(
4,997,00 Illinois
Wood
Southern
due
equipment trust
certificates, series M, due semi-annually Nov. 1, 1948May 1, 1963.
Purpose, purchase equipment,
Priced to
yield from 2.25% to'2.80% according to maturity.
Of¬
,
E.
bank
pany.
-
Co.;
*5,000,000 Interstate
.
-
%
Sons,
Harold
equip¬
according
Co.
&
Corp.;
Pomeroy, Inc.; William Blair & Co.;
& Co., Inc.; Hayden,-Miller &.
Co.; j The
and Mulianey, Ross Sc Co.
&
2'/8%
RR.
/
&
The Ohio Co.; Reinholdt & Gardner; E. H. Rollin.
Inc.; L. F. Rothschild & Co.; Sills, Minton &
Co., Inc.; F. S. Smithers & Co.; Starkweather &
Co.;
Stone & Webster Securities
Corp.; Stroud & Co., Inc.;
Swiss American Corp.; Townsend,
Dabney Si Tyson; Union
Securities Corp.; White, Weld & Co.; The Wisconsin
Co.;
due semi-annually Oct,
purchase of equipment.
&
,
&
Purpose,
St.
1948-April
4,530,000 Denver
retire
«
Co.;
Sc
'
;
Inc.
Milwaukee
Priced
^
1978.
Granbery, Marache & Lord; Hayden, Stone & Co.;
Hemphill, Noyes & Co.; Henry Herrman & Co.; Horn&
Weeks; Janney & Co.; A. M. Kidder &
Co.;
Kidder, Peabody & Co.; W. C. Langley & Co.; Lee
Higginson Corp.; Mascn-Hagan, Inc.; Merrill Lynch.
Pierce,
Fenncr Sr. Beane; Mulianey, Rcss & Co.;
Newhard, Cool:
,
1,800,000 Chicago Indianapolis & Louisville Ry. 2%%
equipment
trust certificates, due April 15, 1949-1963.
Purpose, purchase of equipment. Priced to yield from 1.50% to 2.95%
according
to
maturity.
Offered
by
Salomon
Bros.
Sc
Hutzlcr;
Drexel
&
Co.;
Union
Securities
Corp.,
and
1.
due
C.
Co.;
2.60%
Boston
ment
bonds,
102.72
A.
blower
;\///:%v./,%.%'■& Merle-Smith,
Stroud
Price,
&, Co.;
J. M. Dain & Co.;. Paul H. Davis & Co.;
Eastman, Dillon & Co.;. Estabrook & Co.:
Farwell, Chap¬
man
& Co.;
Fauset, Steele & Co.; Graham, Parsons &
Burlington & Quincy RR. 2(4% equipment trust
certificates, due semi-annually Oct. 1, 1948-April 1, 1963.
Purpose,
purchase of equipment.
Priced to yield from
1.20%
refunding.
3%%
mtge.
^
&
Collins
7,230,000 Chicago
./".,First
1st
CHRONICLE
and interest!
Offered /
Allyn & Co., Inc.; Amctt, "
Co.,' Inc.; Arthurs, Lestrange & Klima; H. F.
Boynton & Co.,
Inc.;
H.
M.
Byllesoy and Co.
(Inc.);
?v-/M Central Republic Co. (Inc.); E. W. Clucas & Co.; Julien
Ry. 2%> equipment trust certificates,
1949-1958.
Purpose, purchase of equip¬
to 2.30%
according .to
Hall Sc Co. (Inc.); Blair &
Co., Inc.; Equitable Securities Corp.; The Illinois Co.;
P. S. Moseley Sc
Co.; Phelps, Fenn & Co.; 8choellkopf,
Hutton Sc Pomeroy, Inc.; Bramhall, Barbour & Co., Inc.;
Hayden, Miller & Co.; Weeden & Co., Inc.; Wheelock Sc
Cummins, Inc., and Rand & Co.
,
FINANCIAL
Co.
''r/JM by Smith, Barney
Ohio
15.
Priced
maturity.
^
&
'
Co.
'
and
Manu-
'
,
loan>t due April 1, 19G3.
Placed privately with
Co. J \
Con-
/.f ,'
.
/
•
j'A'':
current
1963.
.....
.
with
privately
Placed
working
capital.
investor
1963.
1,
vately
to
1963.
group
of six
Dlllion &
Eastman,
Placed
:'£•£ bacher & Co.;
Co.;
vr
/
through
:
by
>
sinking fund debentures, due Jan. 1,
3V\rU
refunding
Securities
due Feb;
1,
of plant
purchase
($5.600,0001,
/V
Placed privately.
($14,400,000*.
Corp.;
-
due
Jan.
/
York
New
of
N.
Life
*
Life
\/
Mutual
Co.;
Insurance
Mutual Life Insurance
Mutual Life Insurance Co.;
Benefit
Life
mon
turity.
Co.,
;
V
dential Insurance
:
Wis.)
(2.25%-
mtge.
1st
i, 1948-Apr.l 1,
1957.
B,
V
/
'
Kidder,
Weld
White,
&
Parsons
shares
com¬
per
share,
Offered by
Z;'//■
Wisconsin
The
Leonard
Co.;,,-Moore,
&
Reynolds
Co.;
Co.;
Si
"
,
':
etc.
Price, $100 per share
&
%
i
& Co.V Inc.;
■
,
insuiance companies
three
.
.
': V
MISCELLANEOUS
;. ■
-
Co.,
Grocery
$100,000 Augusta
March 1, 1949^1958.
5%
Inc.,
V':X. V". *•'
:;
Price, 100 and
Inc.??
Offered by Johnson, Lane, Space & Co.,
;interest.
Corp,:-2%%
Financial
T.
I.
Purpose, finance operations.
note, .due March
1,
Co.;
&
(Wm.
250,000
Straub,
A.)
Dec.
1, 1962.
etc.
Price,
&
Co.
1st
:
sinking fund
due
debentures,
OTHER
-;y
capital,
C.
~
Refrigerating &
Warehousing
&
Brown
Price,
and
100
4%
Corp.
mtge. sinking fund bonds, due April
10-year
1, 1958.
Offered
by
Inc.;
Purpose,
etc.
refunding
Purpose,
working capital
stock
Alex.
:
clue Jan.
note,
&
RFC
repay
Price,
Co.-/
$1*.
(par
($4,900,000),
bank
pay
loans,
$1),
(par
vertible
STOCKS
a
stated
value
par
Leonard
Murch
Co.;
Co.;
&
Co.; Shelby, Cullom,
Co.;
Lynch;
&
Horn¬
Co.;
Mitchum,
Moseley
S.
F.
&
of California;
Pacific Co.
& Co.;
Paine, Webber, Jackson & Curti.;;
Schoellkopf,
&
C.
Hutton
Wainwrignt
&
Bmlthers
S.
F.
&
fi?
William
Wagenseller
Watling,
Co.;
Inc.;
Pomeroy,
Co.;
R.
Durst,
&
Lerchen
&
Co.;
and Dean Witter & Co. /
Agency issues '
Credit' Banks
Intermediate
debentures,
dated
refunding
pose,
April
1,
1948,
($53,080,000);
preferred
corporate
shares
27,500
working
consolidated
1.55%
Jan.
due
new1
Pur-
1949.
3,
($30,880,000),
money
taken
are
at
while
par,
pre¬
stock
common
&
&
common
Markley
$20).
(par
&
cumulative con¬
\
Co.;
stock
Beissner & Co.;
Francis
'
of
shares
common
stock
&
I.
&
Co.;
duPont
Hilliard & Son;
Peabody & Co.;
Smith,
Beane;
Hallgarten
&
Barney
Co.;
Paine,
&
Co.;
Trask
Spencer
Co.;
&
Maynard H. Murch & Co.; Moore,
Productions,, Inc.,
Radio
(par $1).
(par $5).
Becker
common
Offered by Mid-
'•
Co.
South West
&
shares of
1,250
$8.75 per share.
Price,
Securities
142,970 Central
$1).
(par
Fenner
Kay, Richards & Co., and Chaplin & Co.
South
Funk
Dodge
B.
10,933 Brown
Dewar Robert¬
Pitman & Co., and Creston H,
Clark,
Co.;
& Co-I
Price,
($438,960).
Pierce,
Offered by The First-
Kidder,
Inc.;
Leonard & Lynch; Singer, Deane & Scribner; A. E. Ma&ten
->:>
refunding
Purpose,
Dittmar Si Co.; Moroney,
37,790
Corp.
agent,
■
Financing
Price, $54,625 per share.
Lynch,
stock
226,740
ave
fiscal
Dunn,
Webber, Jackson .& Curtis; Dean Witter & Co.; Estabrook
$6.50
Price,
1
Co.
New
Corp.; Blyth & Co.,
Merrill
J. J.
Offered by Russ & Co.;
share.
per
R.
-v/i,'
Representing
(no par).
Boston
purposes.
of
capital.
enlargement of plant, etc.
& Pancoast;
Charles
by
- ?
Issues Not
& Co.
30,000 shares 5%
stock
Offered
par.
New York.,
-
Offered by
share.
per
working
Purpose,
Texas National Corp.;
value and all classes of
par
Moore,
&
H.
Price,
stock
of common
($75,000),
loan
$1
general
incl,
600,000 Lone. Star Brewing Co.
son
no
Co.,
$2,612,000 Aluminum Co. of America 48,000 shares of common Stock
Offered by Loewi
share.
per
$20.50
stocks of
&
'
Placed privately with Met¬
($10,100,000(.
$66,050,000
stocks of
Alfyn
C.
Marache
Hundley.
Offered by Irving J. Rice & Co.
Laboratories,
($161,040),
ferred
A.
:tx
s
stock
Beane.
(Preferred
Granbery,
Farm Loan and Government
<-
.
Purpose,
Price, $6 per 6hare.
->
1,
ropolitan Life Insurance Co. through Merrill Lynch, Pierce,
Fenner &
Corp.;
W. E. Hutton & Co.; Lazard Freres & Cc.:
$8,453,035
MANUFACTURING
300,000 shares
($225,000).
McDonald
178,750 Lakeside"
1968.
purchased and sold by un¬
Boston
Co.;
Northwest
consin Co.,
Sons.
Western Auto Supply Co. 20-ycar 3'/8%
*15,000,000
First
White; Weld & Co.; Whiting, Weeks & Stubbs; The! Wis-
120,000_Ilighway Safety Appliance, Inc., 20,000 shares of common
Purpose,
interest.
G.
AND
Industries, Inc.,
$1).
(par
Offered by Dempsey-Tegeler
100 and interest.
refunding.
Offered1 for subscription by stoci:(3,901)
" Staats Co.; stein Bros. & Boyce;
.
/
;'•%X-•;
INDUSTRIAL
$300,000 Federal
Purpose, pay for new equipment, extensions,
:
Terminal
700 000
com¬
"
5%
Inc.,
of
shares
140,570
Fahey, Clark & Co.; First of Michigan Corp.;
Schwabacher
,
politan Life Insurance Co.
share.
Maynard H,
Putnam
Gillespie &
Horner C.<Denison;
z
$17,318,611
per
Co.;
Pacific
1968.
Placed privately with Metro¬
Beecroft,
Blosser,
&
(par
Price,
etc.
Purpose, provide capital funds.
$10).
The
Co.
Insurance
Unsubscribed
$84,560,000 Federal
*50,000,000 C.
capital,
Straus
cumu¬
dividend)
annual
working
by
preferential
shares
(35c
Co.; Mferrillj Turben & Co.;« The Milwaukee Co.;
(Inc.); The Mil-
wouters;'Carter H% Harrison fic Co., »&nd Thomas
-
Unsubscribed
Corp.
Vaden, Inc., and Holley, Dayton Ss
(par
Southwest
Tully
(
Cohip^ny; Aim & Company;
Co.; cHoil'ey/Dayton & Gernon;
St
Mckee^" SiJaeckels, Inc.;
i
Price, $20 per share.
vMackubiri, Legg & Co.; M. A. Manley & Co.; McDonald &
<
:
dividend
Purpose,
stockholders.
by
100,000
&
$1
of
(no
&
Riley
F; *Dalton
Gardner
serially
due
debentures,
Purpose, acquisition
MonroeCo.;
.
$4
re-
par).
shares
83,333
Offered
blower & Weeks;
Co./A.'.C'. Best St Co.; Bingham, Sheldon Si. Co.; Braun,
v
•
Purpose,
'x-
Davis & Co.;
/vHayden Ji Co.; Inc.; Mullaney, Ross & Co.; Alfred O'Gara
x
through Kidder, Peabody & Co.
of
shares
9,250
$15).
institutional investor througn
an
increase
Accident
stock
First
fvwaukee Co.; Paine, Webber. ' JacKson Si ACurtis; Harley,
Placed privately with
pose.general corporate purposes.
&
Weedon
Purchased from RFC
Alex. Brown & Sons; Conrad, Bruce Si
Underwritten by
Central Republic Comptihy
pei
Bate-
William
Inc.; Bosworth, Sullivan & Co.; H. F. Boynton & Co., Inc.;
.
The Wisconsin Co.; A. C. Allyn and Co., Inc.; A. G. Becker
1968.-. Pur-
Co.
(par
1934),
stock
Griffen
derwriters;
Offered for subscrlp-
(flat).
by holders of ,4 la %, preferred stock.
Co.;
holders.
.
Purpose, property extensions,
(par $100*.
Crowell,
Co.;
preferred stock
Inc.,
share.
per
Price, $23.50
•
.
Co.;
&
Starkweather
&
stock
(in
Inc.,
Purpose,
&
mon
..
)El. W. Pressprich' & Co.; Spencer Ttask
Co,;
$25
Price,
California;
of
Insurance
subscription
Drugs,
Standard
•
.
of
$25j.
(par
Gernon..
3,307,625
First
The
series
Corp.
participating
$5.25
construction,
Purpose,
Fire
preferred
company
convertible
for
$4.50).
preferred stock,
$100).
first
purchased by Atlas
lative
Offered for subscription by
.
Co.
Barth
J.
Airlines,
450,009 Parkview
(par
$101,205
ferred stock
j I
RUBBER
due
shares
100,000
bank loans.
Pacific
placed privately with
Offered
S.OOp.Oj^j-WiscqiisiiL Power & Light Co. 20,000 shares of 4.80% pre-
'
notes,
Inc.,
convertible
discharge secured promissory notes.
t
Moore,
Co.;
&
Baker-Weeks & Harden; William Blair & Co.; The
Co.;
tion
31/s%
M.
Offered by Blyth & Co., Inc.;
Inc.;
Rutgers
&
cumulative
Co.;
/Clark e .Co.';- Glover & MacGregor, Tnc.^'Grubbs,' Scott &
'Co»; J. i. Bf Hilliard Si Son, and McJunkin, Patton & Co.
•
,
x
y
Rubber Co.
Co.;
V.
Co.; Hill Richards & Co.; Lester & Co.; Waggcn-
Durst,
*1,666,660 Northeast
Newbold's Son
H.
Graham,
and
Arthurs, Lestrange & Klima;/Curtiss, House & Co.; Fahey,
$2,200,000
&
Stores,
6%
Co.;
Union Securities
Corp.; Harriman Ripley & Co., Inc.; Drexel & Co.';
Putnam
'
*$12,000,000 General Tire
finance
Offered
Inc.; ^Chaplin: & Co.; McDonald & Co.;, The Ohio Co.;
,
-.y
&
Co.;
&
Crawford Co., Inc.
outstanding
&
,habilitation of
Purpose, finance construction- pro-
cumulative
Milwaukee'Co.;
;*■
according to ma¬
100-100.63,
of America,
W.
Co.;
I
Cole
Price,
Pur-
Corp.11st;mtge. -(4%-3'/2% ), due Jan.
Co.
Co.;
&
cumulative
$2.25
Lynch; Singer, Deane & Scribnef; R. S. Dickson & Co.,
Purpose. refunding. -Placed privately with Pru-
1,1963,
&
Price, $9 per share.
:
-Boston
fybran & Co.
Offered by Mason,
Twa^ectorsSltreet
*2,0OOvOOO
Price,
building.
erect
pose,
-
...
(Racine,
Dominic
St.
Lewis
.
Corp.;
Conner
James
etc.
stock¬
by
Securities
Co., and Revel Miller & Co.
Webster
&
Stone
Drexel & Co.;
Inc.;
&
Inc.;
Co.,
(par $1).
etc.
ETC.
serial bonds, due Oct,
Mills;
pre--
capital,
subscription
Interstate
T.
H.
dividend.
Staats
seller
Lynch; Schmidt, Poole & Co.; Singer, Deane
series
1/
.
of
Clark
W.
Marks
M.
Estabrook &
BUII.DINGS,
of
Purpose,
Curtis;
5,000.009 West Penn Power Co. 50,000 shares 4.20%
Co.
$75,000,000
3.50% )
R.
stockholders.
-&
$200,000 Sisters
&
stpek
giram.
and Travelers Insurance Co.
LAND,
pAt).
no
&
-
Aetna
Insurance
by
cumulative
working
for
Co.;- McDaniel
preferred,
Eichler
man,
*138,750 Globe
shares
100,675 Southwestern Electric Service Co. 21,175 .shares of
Purpose, construction of
Co.;
Insurance
Northwestern
Y.;
5 V&%
of
Purpose,
Department
redeem
share and
& Scribner, and Yarnall & Co.
,
(guaranteed),
loan
Life Assurance Society of the United States;:
Co.; Equitable
,
2.553-
Co.
.
privately to Metropolitan Life Insurance
Sold
pipeline.
Line
Pipe
195Wuly 1, 19u2.
1,
V
&
Stone
Mitchum, Tully &
40,000
Corp.
Blytli & Co.,
Stroud
Leonard&
,
United States through Morgan, Stanley & Co.
*35,000,000 Trans-Arabian
Purpose,
DeHaven & Town-
Janney & Co.;
Jackson
E.
Laurence
Purpose, finance construction program.
1968.
Co.;
Furman
cumulative
v
Schwa-
Hayden,
Co.;
Eichler & Co.;
(cumulative,
& Co.;
Co.;
vx.v.';&
privately to Equitable Life Assurance Society of the
Sold
Peabody
(Indiana) 2%% sinking fund debentures,
•20,000,000 Standard Oil Co.
&
Price, $50 per share and dividend.
Webber,
Paine,
*
Purpose,
Curtis;
&
H. Davis & Co.;
Paul
Telephone
stock
additions; etc.
;
working capital
Trust
G.
2,500,000 Broadway
(Inc.);
Co.
Jackson
Bond & Goodwin, Inc.; Estabrook
Crouter"& Bodine;
preferred
OIL
Oil Co.
Republic
shares
Offered
Manning, and G. H.
Inc.;
Co.,
&
share.
Underwritten
Alester
•j//: Co., and Watling, Lerchen & Co.
$67,565,000
19S8.
Becker
Webber,
Whipple
Bateman,
-2,000,000 Pennsylvania
.
.
and
$50).
Citizens
Co.;
&
Co.
1'
-
Peabody
Hayden, Miller & Co.; Hill, Richards & Co.; Allison-
send,
.
•$20,000,000 Lion
G.
Central
Co.;
&
Bacon,
Williams Co.;
Solid pri¬
insurance companies
6,000
(par
per
holders.
Price,
construction.
Kidder,
A.
Paine,
Stroud & Co., Inc.;
& Co.;
capital.
Inc.;
Co.,
&'Weeks;
f/.: Granbery, Marache
pri-:
3V4%; debentures,
working
Purpose,
a
Feb.
due
^
15-year
Allyn and
Co.
stock
$50
v
Insurance Co.
Corp.
Plywood
States
C.
by
Inc.;
Co.,
&
Finance
ferred
White, Weld &
shares of common
100,000
finance
Offered
Ripley
Hornblower
bank loans.
Life
Metropolitan
with
vately
*4,000,000 United
•■/- A.
Machinery Corp.- SVi'/c loan; due:
current
Purpose^ reduce
300,000 Auto
Townsend,
Inc.;
Price,
Co.
Purpose,
share.
per
■
.
Light
&
par).
.'.Harriman
v;
institutional
an
(r.o
$27.50
increase
through The First Boston Corp. .•
*4,000,000 United. States Hoffman
,
stock
and
bank- borrowings
reduce
Purpose,
Co.,
&
'
-3%% promissory note,-due Feb. I,
*3,000,000 Stromberg-Carlson Co.
Stroud
Corp.;
Union Securities Corp.;
1/2,750,009 Minnesota Power
Placed privately.-Xw
acquisition.-
■
15-ycar
Co.
Tyson;
&
(1803)
Co., and Harold E. Wood & Co.
3% %''• loan.
Purpose, pay
borrowings, under bank credit agreement, finance
Lace
•1,200,000 Scranton
\'ZVv;;Z.:-Z
Dabney
privately with Prudential Insurance Co. of America.
Placed
CHRONICLE
FINANCIAL
&
Securities
Webster
1958.. Purpose, refunding.
loan, due Jan., 1,
Co.
*500,000 Randall
COMMERCIAL
THE
Number 4693
167
-Volume
shares
14,297
Corp.
$10 per, share,
Price,
of
common
Offered by A. G.
& Co.
,
computed'at their offering prices.)
Offered
stock
$1).
(par
share.
>
Power
Light
&
for
Price,
etc.
$15 pel
by stockholders
subscription
stock
stock
and
capital
ing
i $4,647,835).
Offered
Peabody & Co.;
by Kidder,
253,750 Crowcll-Coilier
stock
G. H. Walker
by
D,illon,
Read
Allison-Wi liams
Inc.;
Co,
&
Co.; A. C. Allyn and Co., Inc.; Boettcher and Co.;
Si
Central
<
Co.;
;
Johnston,; Lemon <& Co.;
Kirkpatrick-Pettis
&
,
"Co.;
Co.;
Piper,
Co., Inc.;
Rothschild
&
Kidder,
Co.;
&
Jaffray
Riter & Co.;
&
Co.;
W.lliam
R.
Staats
G.
Co.;
Hornblower Si Weeks;
Co.;
& Co.;
The
V-
Pierce
preferred
Power
(par $3,501.
Co.
555,039
shares
refunding.
Purpose,
of
stock
common
Price, $7.35
(The)
-
/
stock
■
'i. "v"
share.
per
by Smith,
Baker &
Amott,
Barrett
&
and Co.
&
Co.;
man,
Co.;
Barney & Co.; A.
Co.,
H.
F.
Inc.;
C.
Arthurs,
Boynton & Co.,
Collins & Co.;
Paul
Allyn & Co., Inc.;
Lestrange
(Inc.); Central Republic Co.
Julien
H.
Dillon Si Co.; Estabrook & Co.;
•
-.'v \
•
(no
Inc.;
Byllesby
M.
H.
Stone
Phelps & Co.;
&
Co,
$50».
shares
4 '/4 %
of
Purpose,-finance
&
Noyes
&
par).
tured
%>
expansion.
'f
%v*
1
■
'
common
I
(par
'
.
,
'
parts,
working capital, etcCo.
P/Zp/iZ
per
share.
„
Zy;
•
stock
'
&
W.
Co.;
C. Langley & Co.;
Lee. Higginson Corp.;
Mason-
stock.
pZpZ;:-
R.
C.
Miller
Cook & Co.;
Rollins
&
&
Co.;
Mullaney,
The Ohio Co.;
Sons,
Newhard,
Co.;
Reinhardt. Si Gardner;
Inc.;; Wm; C.
child & Co.; Sills,
Ross Si
Roney
&
Co.;
L.
F.
E. H,
Roths¬
Minton & Co., Inc.; -F, S. Smithers &
$90,000 Augusta. Grocery
cumulative
pose,
Co.,
Inc.;
acquisition.
Price, $20 per share,
'
Co.; Starkweather & Co.;
Stern Brothers &
Co.;
Stone &
son,
Lane, Space & Co., Inc.
(par $20).
($1.20)
(no
(par $1).
Blyth & Co.. Inc.
Offered
share.
stock
Offered by Francis L
'//xZ /
Portland
(par
$25).
.
&
$16%
Price,
t-'7
& Co.
Casualty. Co.
Price,
stock
$5),
per
shares
of
share.
Offered
common
by
'
(Detroit) 3.500 shares of common
Offered by Geyer & Co. and
$27 per share,
Co.
(Cleveland).
(no
par).
Price,
&
Price,
$16
Inc.,"8,435 shares of com¬
per share.
Offered by
$41
■'
Clothier
shares of common stock
share." Offered by Yarnall &
5,851
per
^.Co.; Stroud & Co., Inc., and
*•'/
Z :
~
•
•Represents issues placed privately.
$4,732,036
3,246
Co.
Cement
Pur-
Offered by John¬
by
Becker
shares of common
14,618
per
A. G. Becker & Co.
(par
4,500 Shares of 6%
participating preferred stock
common
G.
by A.
Price, $27% per share.
Corp.
$3.50
Price,
93,616 Strawbridge
MISCELLANEOUS
f
of
Offered
and Carl M. Loeb, Rhoades & Co.
345,835 Public Service Co. of Indiana,
mon
•
&
Products
McDonald
Price, $1
$12,550,490
1-y
vZ.iyZ//-''*
Offered by
(par $5).
Semple, Jacobs
Weeks;- Janney & Co.; A. M. Kidder jk Co.; Kidder, Peabody
Hagan, Inc.; Merrill Lynch, Pierce, Fenner & Beane; E. W.
shares
share.
Offered
duPont & Co.
(par $1).
Offered by Griffin & Vaden, Inc.
per
shares of common; stock
share.
per
$1).
94,500 National
Purpose, retire bank loan, working capital, etc.
Hay-
10,000
share.
per
4,500
stock
54,371 Missouri
Price, $20 per share.
,,
Offered
;
stock
purchase of material and manufac¬
100,000 Taylor Food Co. 100,000 shares of common stock
Hornblower Si
Co.;
Purpose,
common
Price, $4 per share.
11,250 shares of
share.
11,000- shares of common stock
Co.
$18%
Corp,
51,163 Kingston
7&,000 shares of common
'
Corp.
Co.
$25%
Price,
by White. Weld & Co,
and Van penburgh & Karr, Inc.
iV
per
637,420 International Minerals & Chemical Corp. 23,074 shares of
convertible
Mutual Life Insurance Co.
Purpose, acquisition.
Offered by Jackson
East-'
Co.;
Calif.)
(Fresno,
$11.75
Co.Z-
Price,; $10
•
-
Farwell, Chapman Si
Graham, Parsons & Co.;
Hemphill,
^
(Inc.); E. W, Clueas
Davis
Reliable
(r.o par).
225,000 Sanitary Products
Kilina;
&
:
Co.; Fraser,
den,
10.000
(par
Offered by Loewi & Co.,
,
Offered
*»•'
,
Publishing
par).
Price,
45,000 Hoving
Hayden, Miller & Co.;
and Kirkpatrick-Pettis Co'.
Inc.,
stock
&
(Inc.); Shields & Co.; Spencer
Sold privately to Massachusetts
'
,
..
par).
and Woodard-Elwood & Co.
300,000
4,079,536 Interstate
Illinois Co.,
(no
204,250 Gardner-Denver
Beane; Harris^ Hall Si Co: (Inc.);
Folger, Nolan, Inc.;
*500,000 Pitney-Bow es,
L. F.
Walker
H.
Merrill
Brothers;
Lehman
W. E. Hutton & Co.; W. C. Langley
Central Republic Co.
Trask -& Co.;
■
TheyMiiZ
Rauschcr,
Co.;
&
Lynch, Pierce^ Fenner
*•
'
Marks
E. H. Rollins & Sons, Inc.;
Harold E. Wood & Co.,
Co.;
M.
Beane;
Hopwood;
&
Feabody &
Laurence
Merrill Lynch, Fierce, Fenner
waukee
&
Loewi
Co.;
Collins
"
Republic Co., Jnc.; J. M, Daln & Co,; Graham, Parsons &
.
Julien
CO.;
Price,
Wertheim & Co,
.
derwritten
$1).
(par
shares of common
Inc., 15.853
Shields & Co. and Daniel F, Rice & Co.
($5,352,165 >, work¬
Price, $100 per share and divi¬
Purpose, refunding
(par '$100) ^
dend.
un¬
cumulative preferred
100,000 shares of 4,/a%
Pet Milk Co.
10,000,009
of common
shares
19,900
extensions,
Purpose,
Offered
Co.
186,273 Consolidated Retail Stores,
and Carstairs & Co.
Middlebrook,
by Coburn &
,
UTILITIES
PUBLIC
$290,500 Black Hills
Price, $6 per share.
Purpose, geneial corporate purposes.
Graham, Parsons & Co.
8
THE
(1804)
the E.
General
Corporation and
<fe
Brooke Iron
G.
F.
Monday, April 26, 1948
Ward
Chicago, Milwaukee, St. Paul & Pacific RR.—Equip¬
7'
V
*
Manager
and
Treasurer,
167, p. 938,
V.
Buffalo
'• 57.; '•
,7,v;;' '7.
,'"7:7;::V r,<'.
7
>
ment Trust Certificates—V
(Joseph) Bancroft & Sons Co.—Par Value
and
April
on
in
liability
Bank
Niagara Electric Corp.—Borrows from Banks
March
with
the corporation
1,
borrowed $5,000,000 under an agree¬
19, evidenced by 2,/<% notes due Dec.
banks dated Dec.
12
authorized the company to assume obligation
not exceeding $2,640,000 of equipment-trust
6
respect of
certificates, series BB, to be issued by
Trust
&
of
Co.
accrued dividends
ment
Changed—J;
ICC
The
v
;
#7#
'
On
#
follows:
as
President;
General
(Continued from page 2)
have been elected
Co.,
CHRONICLE
Fordyce Coburn, Vice-President; Martin J. Brophy,
and Assistant Treasurer; H. Leon Frantz, Secretary
and George H. Brooke, 3rd, Assistant Secretary.—
Coburn,
■'###;■ Investment News §7/§|#5l§
FINANCIAL
&
COMMERCIAL
equipment.—V.
in
167,
Chicago,
the
7"'77
1584.
p.
the Continental
trustee,
as
with
connection
and
Illinois National
sold
,./<
and
new
at
.7,7... "■
^
99.524
of certain
procurement
'
V
y':
31, 1950.—V. 167, p. 038.
■'
' .
'
,
Chrysler Corp., Detroit, Mich. — Coal Strike Affects
and authorized the com¬
pany to amend its charter or certificate of incorporation so as to
15uiielen Lumber Col, Tacoma, Wash.—Organized—, ' Output—Demand Continues Strong—7
r
■
change the 6hares of common stock from shares without par value
At the annual meeting of stockholders held on April 20, K. T. Keller,
This company has been formed
to acquire ownership of Buffelen 7
;o the same number of shares having the par value of $8 each.
The;;
President, stated that prior to the new problems arising from the coal
certificate of amendment has been duly filed with the Secretary of i Lumber & Manufacturing Co.,' a leading plywood and door concern
strike, production had moved up to better than 30% of capacity, as
established in 1913.
This new corporation was formed by a group ;
tate
at
Dover, Delaware,
and the amendment has now become
against last year's rate of about 66% of capacity, but that due to the
of San Francisco investors in association with management interests
effective.
■:
l';*■ *"J"'.7/
'7,7
recent coal strike the company for the next 60 to 20
of
the
former company.
pays faces the
Alexis E. Post of San Francisco succeeds
Stockholders will
receive in exchange new certificates for the
The impact of the strike on the
Frank O. Neal of Tacoma as President.
J. P. Simpson will continue 7 prospect of having to reduce output.
?ame
number
of shares of common stock
having the par value of
supply of steel, pig iron and coke has caused a steady dwindling of
as
Vice-President and General Manager.
The directors of the new
8 each that are now evidenced by their old certificates for shares
the work in process in the company's shops and those of its suppliers.
corporation are: Marco F. Hellman and Berwyn E.: Stewart of J.
without par value.—V. 164, P. 2954,
The company, he said,
could sell capacity production if it could
Barth & Co.; H. E. Bailey of Hammond Lumber Co.; Lloyd W. Dinget enough materials to achieve it because the demand for Chrysler /
kelspiel of Heller, Ehrman, White & McAuliffe; Alexis E. Post of
Bates Manufacturing Co.—Sales at. Higher Level—
1943 products is very stiong.
March brought about the highest post¬
James D.
Dole & Associates, and S. C. Pohlman and J. P. Simpson.
55" war production—114,000 cars and trucks.
Sales of this company thus far in 1048 are somewhat in excess of 77
From Jan. 1, 1946, through 7
those for the same period last year and indicated earnings remain at
April 19, 1948, the corporation shipped more than 2,000,000 postwar
California Oregon Power Co.—N. Y. Paying Agent— ?
passenger cars and trucks from its United States and Canadian plants.
satisfactory levels, Herman D. Ruhm, Jr., President, reported at the
The Chemical Bank & Trust Co., New York, N. Y., has been ap¬
annual meeting held on April 21,
—V. 167,
p.;l040.777.;7y;77'y77
7 . ■"7-'7■ 7y v-;77-' ,7"■..7..•
The company, which operates five textile mill plants in Maine, had
pointed New York paying agent, registrar and exchange agent for the
first mortgage bonds, series due April 1, 1978. For offering, see V. 167,7
net sales of $63,755,537 in 1947.—V. 166, pp.1783 and 1678.
7, Cities Service Co.—Contract With Mexico— *
7
p. 1583.-;
■; 7'. 7 7
'77 '.7' '7#; '5,5,.7■..• 7;:7^";v5>;:7-7'-5'--vl.^7'
•The
first
contract
between
Mexico
and
a
leading American oil
Bebrib Steel Corp., New York—Files with SEC—
company looking toward
the development of oil resources of Mexico
stockholders
The
March
on
,
.
,
,
,
.
approved
24
.
,
„
*
.
The
for
company
44,443
offered
for
each
used
of
filed
8
shares
held.
Period Ended Feb.—
The
of one new
Proceeds will be
Pennsylvania—Earnings—
/
7 .7
1948—2 Mos.—1947
income
oper.
after
W.
H.
Sales Manager
Mr.
of
First
$1,562,106
$3,052,785
2,226.055
2,378,797
years
;
Berkey
name,
as
mark
a
from
Grand
Bank
auctioneer's hammer for $5,000.
•7
-
"The
bidder, represented by Arthur
furniture Manufacturers of Louisville,
;ood will
and
all
k Gay name.
7
rights
The
to
bid is
'
Jourt.
Rapids,
1
J.
Mich.,
states:
over
for nearly 90
April 20 undejs an
& Gay, famous the world
fine furniture, was sold on
of
Berkey
7
-
Rhodes,
He
13
April
the
said
314'fo
has
company
for
any
with
a
one
compensation
prior
in
years
A. B.
under
—v.
payments of certain
to
the
to
construction
at
1142.
p.
forward
company
amounts,
13
were
with
yarns
.<
•
annual
meeting will be held
/,w
G. Earl Smith, Charlman,
the
semi-annual
*1
each
extra
of
others
50
made
cents
of
on
April
19
said
that
10
and
Dec.
paid in December
11.
addi¬
In
12,
last
company
in
compared
the
1947
year
the
were
distributions
In
year.
will
bear
interest
at
the
largest
company's
Bank
314#
mew
directors
and
outstanding
Trust
Co.
bank
has
At
F.
the
II.
Johnson, President, will
in
be
of
shares
April
on
25
cents
will
be
15
April
May 25, Col.
on
that
the
new
Charles
common
be placed on a dividend
basis.
ahead of last year, he
stock
Business volume and profits are
running
said.—V, 167, p. 1691.
; j s,1
;
(E. & G.) Brooke Iron Co.—Elects
Directors & Officers
Robert W.
Chairman
Wolcott, President of Lukens
of
the
board
of
Worth
Steel
of„Warren PiPe & Foundry
reflects
This
the
Iron
Co.
Other
which
changes
were
directors
President
in
have
stock
ownership
Dec. 1, 1947.
effective
also
Steel Co., Edward H. Worth
Corp., and L. R. Dohm, Presi-
Corp.,
elected
were:
Charles
of
been
of
the
elected
E.
"7<v;
L.
&
^
Nov.
sold
forwarded
be
June
on
to
1,
1977,
16
work
has
and
1948
of
exchange
in
by
shareholders
the
off
pay
the
of
of
payment
The
.
been
of
1950.
The
G
Jr.,
■'1
the
'
.
Richard
'-77
Ore
'■#.#;'
Co.,
a
wholly-owned
:''
by
Petroleos
Jose
-this
Mexicanos-Cities
Service
con¬
de
las Rusias, Sabino Gordo,
Buena
Mogote and Santiago de la Pena.
contract aggregates more
than
1,700
Mision
y
:
.
7.;
.
Financing—The
com¬
officers
for
the
deliquency.
outstanding
temporary
A
borrowed
banks dated Dec.
proceeds
,
subsidiary
of
St.
Louis,
1G5,
p.
were
a
has
been
elected
director
a
167, p.
.
to
suc¬
1467,
1452.
under
an
214 7®
expansion
:
by
due
on
Stock for Employees—
stockholders
issuance
April
on
purposes.—V.
will
consider
resolution
a
pertaining
15,000 shares of common stock from time to time
five years to certain junior officers and key em¬
p. 1255.
'
.
tional
Bank
of
Cleveland,
trustee,
308
Euclid
Ave.,
Cleveland,
Holders of the called bonds may convert said bonds into
atock at any time up to and including April 29, 1948.—V.
167,
Ohio.
common
p.
1255.
Co.~rTo Withdraw Registration—
The company has asked the SEC lor permission to withdraw a
regis¬
tration statement filed on March 28, 1947, covering a proposed public
the
with
27
of
The corporation has called for redemption on
May 14, next, $15,000
15-year 51/2% mortgage sinking fund convertible bonds due April 1,
I960, at 100 and interest. Payment will be made at the Central Na¬
j
i
;
Dec.
-
of
,
^
agreement
notes
York
Cohari Refractories
published
7
by
for
used
notes
provide
Clyde Porcelain Steel Corp.—Partial Redemption—
and financial transac¬
reports
.
evidenced
be
to
are
-
$5,000,000
19,
sales
today in
-
and
(Mich.) Machine Co.—Files with SEC—
New
the
Corp^-Bank Loans—
agreements,
serial
notes
Huemmler,
during the next
ployees.—V. 167,
bonds.—
/
j
disclosed
the
of
serial
To Vote
to
offering of 182,520 shares ($5 par)
Glass
the
common stock held by the Corning
Company said that Corning Glass had decided to with¬
offering of the shares because of "general market
Works.
draw
a
31;
167,
proposed
(conditions."—V.
J65, p. 1682.
•
■
",.
*
:
Central Power & Light Co.*~5EC Denies
•
to 'Issue'
Preferred^7V: \:->:. 7 v-;;:7 '';
The SEC
the
Issuance
of
The
pany.
under
the
stock
April
on
15 denied effectiveness to
40,000 shares
SEC
of
have been
with
declaration
a
proposing
sold
par)
publicly at par.-^-V.
166,
Chesapeake & Ohio Ry.—Earned 80
in
for
the
<
deficit
period,
mines
the
#S
-
«.
a
this
Common Share
a
J
■
when
company
I
>;
cease
^
*
coal
mining
April
cn
operations
17
reported
-
severe
of
cessation
to
share.,; Loadings
a
revenues
*
$11,048,799,
were
off
of
all
13.1%.
"7
freight
;
off
were
or
Harold
have
W.
See
$1.39
a
share
the
in
purchase
1500-HP
two
of
units,
switchers.
7
all
>
on
for
-7
first
quarter
of
of
being
Mr.
V.
operated
Burtness
1949,
leaving
stated
completely
that
it will complete
only branch lines
167,
p.
1584.
1467.'
will
expire
'
'
Dec.
'
-
1948,
19,
unless
renewed.—
k
Falstaff. Brewing Corp.
below.—V.
167,
Colombia Broadcasting System,
vision Stations—
•
1947.
April 9
6000-HP
road
announced
1041.
p.
diesel
service,
freight
and
with
to
•
on
the
with
7.
delivery
of
steam
completion
Columbia
count
Philadelphia
three
to
of
its
single
arrangements
Broadcasting
12
and
(the
IncJ—Adds Nine Tele-7
-
...
scored
biggest
adding
System.
nation's
Baltimore—now
largest),
on
advance
nine
This
the
with
air.
more
brings
12
7
TV-affiliates
"
on
the
three—in
v
♦
April
CBS-TV
New
York,
7
77
additional
The
and
additional
nine. stations,
he
said,
in
Dayton, Cincinnati
Louisville, Ky.; Binghamton,
are
Columbus, Ohio; Charlotte, N. C.;
Stockton, Calif.; Indianapolis and Dallas.
Network
arrange¬
affecting them came within a week of Columbia's ? television *77
N.
power.
ments
program
operation
.
station
Paul, and Kansas City -7
these units
dieselization
the
the
television
"The arrangements give actual coast-to-coast
dimensions
for the
directors 77 first time
to
any
television
network," Herbert V. Akerberg, Vicelocomotives 7 President in
charge of station relations, pointed out.
777 77-' -V ';57;-'
Chicago, St.
with diesel
Network
that
-7"'
'
Through freight service between
now
p.
mining
conditions
Eurtness, President,
authorized
three
.
Columbia Brewing Co.—Plans for Merger Discussed—
24.6%
were resumed on a limited scale on April 13 and
approaching normal, the announcement said.—V. 167, p. 1584..
now
which
company
*67,
•
Mining operations
are
7
the
V.
operations
in March
and
the
unsually
prevailing throughout C & O territory in
and February held net income for the first quarter of 1948
$4,388,380, equal to 54c per common share, compared to
weather
January
down
53c
or
operating
77 The
is
Colorado. & Southern Ry.—To Extend Life of * Co.—
continuatioik
1948.
$4,166,709,
and
a block of 3,098
(par $2.50).
These shares rep¬
unsubscribed portion of 49,431; common
stock
The'Stockholdefs will vote May 20
approving the extension'and
of
incorporation and renewal of the corporate life
M
that
coal
were
closed throughout the second half of
it earned net income of $705,086, or 8c per common
share,
Coal loadings totaled only 65,631 cars in March,
1948,
to 122,146 cars in March, 1947, when net income amounted
largest investment trusts
commorp
common stockholders for
subscription.
Rights expired April 15. (See V. 167, p. 1585 for further
details).—V. 167, p. 1692.
7
month,
March,
'to
-
operating at
extended
any
although
in
/
March—
Normally
of the
resented^7 the
shares offered to
2658.
p.
one
shares'of
preferred stock of the com¬
stated that "adverse
findings" are required
section 7 of the Holding
Company Act.
The
order
standards
to
was
($100
Application:
^77^
7
•>
Stores, Lie.—Stock Placed—Hemphill, Noyes
& Co. announced April 20 that it has
placed privately
Chicago Great Western Ry.—©rders More Diesels—
in¬
.
Colonial
Vice-
Fordyce Coburn, Executive
Vice-President; Robert. C. Brooke,
Vice-President; C. K. Manwiller, Treasurer; G.
Brooke, 3rd, Secretary.
H. Leon Frantz, Assistant
Secretary and Assistant Treasurer.
;
of
the
San
covered
proceeds
The
2
Brooke
»nd
Officers
by
as:
Co., Detroit.—V.
ah
1147.
p.
777 >7747
Huston,
President.Other
by
Stock Exchange April 16 by Francis I.The stock, offered at $8 per share with a
special commission of 40 cents, was oversubscribed in
the elapsed time of 33 minutes.
,
re-elected
immediately by Petroleos Mexicanos
Cities Service subsidiaries, according to
Signey Maestre, St. Louis, resigned.—V.
the
Cp.^-DefinitiyG p6n4s Bea^y-—
wage
were
has
company
group
1,000-HP
has
period
over; a
start
duPont & Co.
record
June
on
;
corporations
and
Coburn
the
Clopay Corp.—Special Offering—A special offering of
33,009 shares of capital stock (par $1) was effected on
16 Wall St., New York, N. Y., is prepared to
first and general mortgage series P 314%
bonds due„
Salaries of executives,
tions
directors.
Lukens Steel Co.; J. W. Herman, Treasurer of
Lukens
William A. Worth, President of Worth
Steel Corp.,
and
Treasurer of Warren Pipe &
Foundry Corp.
All other
were re-elected.
Ward
by
and
f
Assistant Treasurer.
an
in
to
Securities and Exchange Commission.
Hopler,
F.
negotiations
in
held
The company
on
April 15 filed a letter of notification with the
SEC for 10,000 shares of stock to be sold at $5'/a each
(market price).
Proceeds to go to celling stockholder.
Underwriter, Charles E. Bailey
due
progressed to a point where production is
C. Prior, President, reports.—V. 73, p. 34.
Central New York Power
Co.;
clude
will
La
Clinton
appointed' trustee
15,
stockholders7notlce
payable
delinquent
167, p. 1692.
E.
directors
quo
miles.—1G7, p* 1041.
Leonard
of the assessment likewise will be assessed.
deliver definitive
V.
Steel
L.
of
status
in
the
over
made
was
were
Qfficial—
named
was
share,
a
will
Central Maine Power
compared
held
Government
took
They
,
The Bankers Tru3t Co.,
firm's
the
r
recommend
concessions.
million
formerly
development
a
Clinton Industries, Inc.—New Director—
loans
been
dated
notes,
April 20
on
Stockholders
Rehabilitation
an
$10
>7.
7.*
next.directors' meeting to
Before
.
transferred to
the New York office
after
serving
corporation's largest plant at Cumberland, Md. Mr.
certified public accountant of the State of New York.
penalty of 5%
with
certificates/*
•
used
to
prepay
$8,000,000
portion of the funds required,
for
the
construction
of
the
Hugoton-Kansas
City 26-inch pipeline
project. The sale of the $20,000,000 bonds wi.l provide additional funds
for this project.—V. 162, p. 132.
!<•'
7 V s
amounting
in part the company's construction pro*
promissory
Killackey
p.
267
and
of
1946
preferred stock will be exchanged for one share of new
cumulative prior preferred slock of $25
par value; each share of
non-cumulative class A stock of $5
par value will be exchanged for one
shaiu of new 5% cumulative
preferred stock of $25 par and >/2 share
#f,$l par common stock, and each share of class B stock of
$1 par
wllll, te exchanged for four shares of $1 par common stock. Dividends
Ott/'tiie 6% cumulative prior preferred and the
5%
cumulative pre¬
ferred stock will accrue from
April I, 1948. Stockholders will receive
instructions by mail relative to
exchanging their old stock certificates
for
Service
culmination
a
Papayas,
area
The
6'J,
,
is
covered
known
la
outstanding
of
rate
at the
1941
April
payments that
Under these
amendments, all stock in the treasury is
outstanding stock will be exchanged for new stock.
Each
and
P.
assessment
annual
of
Hanover
a
the
directors.
share
granting company permission
Equitable Life Assurance Society
The
1692.
may
of
meeting held or. April '20, the stockholders approved
amendments to the charter
changing the capital stock as recommended
retired
the
of
Killackey Is
.
by
order
an
to
notes
Central Eureka Mining Co.—Levies Assessment—
Botany Mills, Inc.—Recapitalization Approved—
the
The
—V. 167,
a.ong.
$1,681,217 In 1946.
Net profit in
1947
$143,072, equal to $3.44 a share, compared with
$179,217, or $4.32
share, the preceeding year. Higher wage rates and material costs
blamed for the decline in
earnings.—V. 151, p. 3738.
;
' •'
' * ;•*' • *
•
\
/ ' \. **#' '•
^
^ vVj
At
issued
notes
recently
was
were
■
balance
The
because
bringing total
Co.
exploration
one
were
company in Aug., 1947s borrowed $18,000,000 from a group of
banks on 2.4% serial notes maturing $1,500,000
annually in 1948 and
1943 and $2,500,000 thereafter to and
including Aug. 1, 1955.
7
the
than
lands
in January, 1948 sold privately to seven insurance
companies $20,000,000 3 Vb % first mortgage pipeline
bonds, due 1954 to 1968.
annum and will mature in the principal amount of $437,500
April 15 from April 15, 1952, to April 15, 1957, both inclusive;
$4,375,000 being due on April 15, 1958.
Carolina pro¬
to u. e the proceeds of such loan to pay on April 15, 1948, the
$7,000,000
He
was
a
14
of
States.
anticipated about July 1, C.
,r 7
Service
the
for
more
These
Cities Service Gas Co,—-.Private
&
7
usually paid in June
working capital. Semi-annual
June
on
was
$1,786,591
and
wholly-owned
2658.
p.
Celanese Corp. of America—New
department, estimated to cost $250,000.
This unit is expected to be
completed about June 1. In addition, the
company
has
contracted
to
purchase
a
rug-cleaning
and
dyeing
machine for $107,000 for installation in
the new building.
Sales
its
de
square
per
Edward
year to $2.50 per share.
Mr. Smith said the
corporation must maintain cash to take care
of
increased
operating
costs'«and
to
finance
construction
of
an
addition to its
rug-cleaning
history
of
of
a
•
tankers now
coming
May
on
dividend
conserving
were
of
166,
certain
as
capital
Mexico.
Cities
Mexican
advanced
areas
are
The
directors.
served
serially April 15, 1952-1958.—V. 167, p. 1691.
a
:
<
Bornot, Inc.—May Omit Dividend—
omit
April
on
$7,000,000
Central
soliciting mater.al filed with the New York Stock
Exchange by the management of the company, there have been filed ?
with the Exchange
copies of proxy soliciting material by Gregor H.
Gardner.—V.
167,
p.
1254.
necessity
years.—V.
many
and
company
$2,500,000 and to finance
for
Boeing Airplane Co.—Annual Meeting May 11—
„•
City
Industrial consultant
new
the
7"
Director
Jones, President of
7-7:' 7 77":
,7;:7.;7':7-7
Service Petroleum Corp., a sub-
'
Vista
National
J.-Bermudez,
Alton
Jones.
The
remaining
since
the Bethlehem
-
The stockholders'
tion to the proxy
The
of
Cities
taken
funds
ceed
they did in 1945
as
there
with
now
tract
The proposed loan has Been approved by the North Carolina Utilities
Commission and the South Caroline. P. S. Commission.
war.
Homer, President, told stockholders
167,
the
that
of
W.
time.
'
impartial account of the meeting, together
questions and answers, to any stockholder upon
sought to have executives who
receive
special
waive
and
asked
the
•
bequest that pensions be limited to $25,000
second
Vice-President
and
northeastern
Exploration activities
1,
and
summary of
The
third
request.
A
person.
complete
Senior
in
these
,
of
officer
United
entire
*
reasonably
May
each
poses
lost
,
a
of
Division
on
with
York, and George D. Branston, an
and labor problems, have been elected
of
Spring Lake,
Mich.,
had previously
for
SEC
the
the
today because of the coal walk-out.
was
and
isiue
of
stockholders the company began operations last week at
capacity.
7J!
The corporation had a good month of output In March, but has
been hard hit on
production and earnings in April, he added. 7 7
The
stockholders at the, annual meeting defeated
three minority
The first
duties
Senator Antonio
,"■".-7'
■
subsidiaries
of
case
action
Holtzer-Cabot
new
lands
by
agreement
General
;
.
13 by
Mexicanos
7.7
could be completed, the Mexican Government
of oil properties in 1938, but an exception
program
the
Carolina Power & Light Co.—Notes Authorized—
The
to
of
proposals.
Ap-i
Division,;
as
•
The
told
0%
controlled
See Pennsylvania-Central Airlines Corp. below.
,
cn
on
New
oil
of
acres
Capital Airlines, Inc.—New Name—Annual Report—
Ky.,
who would acqui-e the
make and sell furniture under the Berkey
subject to approval of the Federal' District
Chairman,
of
subsidiaries
Harvest
Bethlehem Steel Corp.—Operating at 50%—
Grace,
Tube
Co.
pany
the
Gay property as a unit was bid in by the First
Chicago at 8100,000 and a mortgage of $864,446
.ield by the Radio Corp. of America and the Canadian-American Truck
Jo., for which the Chicago bank is trustee."—V. 167, p. 1142.
Eugene
Wolverine
April
on
Petroleos
and
7
was
of
10,000 tons of steel up to
for
formerly affiliated with the
Corp., will assume his
Lambie,
Branston
director
&
Bank
Sales
management
Mr.
•■77'7-:1
"The
National
of
Industrial
8.
of
Service
Under the contract, Mexico-Cities
sid.ary of Cities Service Co., will provide
development by Petroleos Mexicanos
*
Mr.
011
"The
Cities
Campbell, Wyant & Cannon Foundry Co,—Directors—*
Berkey & Gay Furniture Co.—Sold—•
dispatch
General
$3,199,370
1,149,315
1,144,262
1254.
An Associated Press
Director
for Wolverine
Littlefield,
the
announced
was
-
per
both payable April 29
April 15 the appointment of L. H. Littlelield
on
William
V
$18.80
of
operation
Maxwell,
1948.—V. 167, p. 1583.
$1,561,523
charges
167, "p.
dividend
pointment—
__™
Net
special
a
Calumet & HeclaConsolidated Copper Co«r—New
Operating revenues™ $12,262,297 $10,904,916 $24,865,050 $22,483,837
Operating expenses
9,632,856
8,270,156
19,700,916
17,066,371
Operating taxe3
1,067,918
1,072,654
2,111,349
2,218,096
-V.
14 declared
the usual quarterly of $1.80 per share,
to stockholders of record April 18.
7
ratio
announced
Net
April
on
This brings payments for the fiscal year ending April 30 to $31 per
share, compared with $30 in the preceding 12 months.—y. 1G6, p. 1557
1948—Month—1947
rev.
directors
share and
$12,286,871 $10,928,170 $24,916,343 $22,526,442
24,574
22,2547
42,605
51,293
revenues
oper.
California Portland Cement Co.—Special Dividend—
with the SEC 15
will be
shares
The
$5».
>;;>##
Bell Telephone Co. of
Uncollectible
notification
(par
stockholders at par in
Rights expire May 18.
by
working capital.
Operating
letter of
a
stock
common
subscription
two
for
April
on
shares
for
for
77 / 7
;
in
•
the
the
of
the
'
.
7;
;
summer
railroad
time
7:
being.
7
Y.;
clinic
in
New
York;
All have been "granted construction
permits by
Commission and are pushing their buildequipment installation to go into service without
delay as CBS-TV network stations.—V. 167, p. 1467.
>-7:7,
the
Federal
ing
activities
Communications
7
and
7"7'-7:77 777:
7-777
;7":
'
■.>77
7.S77'777
'
77V
•
7;'>7/#77
'-7
THE
Volume 167;, Number 4693
;
v
.nnual mwtms
the
at
of
•
The
Cobn;
Mr.
from
3
.
Earl
will, be
debentures
r«.T.„#.
„
"Kunderstand
'
that
called
•.which-was
,
•.
,
-.
proceeds realized by
wilrbe
and ^or,other corporate
the subsidiary
companies
from
^facilities
;
It
purposes
that " the-five
restimated
is
expansion,
.
at
annual
the
meeting
subsidiaries
improvements and replacements
>•'
4
-
will
,
r
,--1
vf :
•
expend for plants
1-49 approxi-
Acting
has
with
Terms
$16
.«but
about
lias
been
while
contracts
for
$15,000
expenses.
would
securities, of
His
;
.
who
salary cf
:
4
.'1'
75,000 shares of common stock
last
expired
contract
compensation
same
in
1945,
June,
under previous
and officers have
as
directors
of
a. BcAnaaet. Vice-President, said nu earnings in the first, quarter
A. Schneider, Vice-rrrawel; saw that
tne llrst. qu.rtcr
showed a decrease from a year ago.
He said he could not give close
to Executive
wt/
w
virn
J.
ta-nttadv 01
FNDFn
-
—:—•
—
1947
—————r.—^'$20,747^96 $14,882,762
—"—
' ?388,839 11,575,949
v*After- provision' of a $175,000 reserve for Federal4 income taxes,
fNet-loss after a tax refund credit of $3,343,900.^—V. 167, p/44.
'*
"
' • .,
.
,
,
•
:
' Continental Oil Co. (Del.)-—To Vote Oil Merger
■
.
.
««,.
iv*o„
n
7
miu
>
providing for' the
<-vi & 1
OU *. Land Co., Group No. * >«•■ Corp. and
1 Oil «
Group No. 2 Oil Corp. (all Delaware corporations)
At present Continental owns 89 %
of the stock of Texon and the
latter owns 73% of Group No. 1 and 79% of Group No. 2.
,: To effect the merger of these companies into Continental
the latter
corporation
1948
2,
of
TeXon
.
1942,: acquired
o"* e.
,
v
<
,
'
,
INCOME
.
,
FOR
YEARS
.
ENDED
1947
"•
•
•
DEC
"
V
31
1946
'
V'V $
■
' "
$
operating income_________.-i_«_^_______ 228.TJ0.662 159^30,875
Costs, operating and admin, exps.^--^-.;1'53;004,865' 109,039,457
♦Taxes, other than income taxes—
1* ', 5,333,497
4,152,096
:
...
Gross
v
.
Intangible development
t
.
t ,
^afrf aL LL !
?
share of Group No. 2 Will receive
'
«nfi
...ij;.,.../CONSOLIDATED
and holding
... .
J*2,7 shftre 0f <**1
,1/^1
Kha/_
-
,
LftiS-2?iSSSSJ."* subsldl".r"»-'in<(
° 17 ln ,1?e;na)!lr?1:,i; .."i;;.
C1 8W d
-
i-'ar v*■/
<
RESUL?S„?OR *BARTERS ENDED JANUARY 31,
-.■%,«) ■ :> *
■
„
costs
20,031,052
-
,
StUTcn^ered leases———.—— .1,011,813.
■;
15,294^939
1,840,232
uncertainties brought about "by the
* - PURCHASERS—The-names of the several principal underwriters of
Depletion
—
l^fa'4,786 .1,141,897
Anglo-American tax situation. ) In addition, the company laced amor- " the debentures and the respective principal amounts of ; debentures ^
Depreciation and retirements—.-.—• 9,314,951 - 8,518,465
tlzat.on of. high cost feature pictures in the period, he said..:-,.. .>:V •.
severally to be purchased by each are as follows:
)vl-i- v.;,' ;,r^ • v.
v
..
.
'•
>
•
*
:
' ;
'
:' •:\;:;^:'.;^Amount'^^^'Net' operating
income—; 38,109,698 : 19,243,849
The company's bank loans
now
amount to $9,000,000, as against
• - -•
Amount '
:
Ammmt
4 ■
Net operating income
Estabrook & Co..-„::.$1,000,000
Dividend interest income (net)-.^_^:_^,. .1,519,690
1,452,826
.$6,000,000 on June 30, 1947.—V. 167, p. 1467. .;vr -y;r
'-Dillon,.Read & Co.'' Inc..$4,000,000
Laurence
M. " Marks
.
,
.
:
:
1
4.
;
~
. " er
n.
,
r
\
,
f ,
Bear,' Stearns & Co.3,600,000
Co
■"
• 1 000 000
•;
v
41————-----i.
—.". 39,629,388
20,696,675
Commonwealth Edison Co.—Weekly Output—
: v
a. g. Becker & Co. inc._- 2,000,000
t:
*■
.'
..Rio-ir A- Co
inr
' '-l non non i: RpvnnWg a- Pn
70o'noo
Profit (net) on sale or disposal- of certain4...-- '
1
-
„
which Standard Oil Co. ,.r
the capital stocks■.^/ will issue 76,305 shares of, its stock in exchange for outstanding
"
*
' '
'
equity
of these companies on the following basis;
company,
The-company is engaged solely In the business of owning
i
negotiations...J
(conducted
' The
subsidiaries.
of the fiveroperating subsidiaries on Oct. 15, 1943, issuing to Standard
■Oil Co. (N. J.), in. exchange therefore all of its then authorized 2,728,359
shares of capital stock. •,.in- ijocemoer,: tans,, Standard Oil Co./{Ni j.h
In December, 1943, ovanuara uu
««rc*.A»>.c»p,uu siuca.■
distributed to, its own Stockholders or otherwise disposed of the shares
of
capital stock of Consolidated which it had
received and
^nce
December, 1943, Consolidated and its subsidiaries have operated Independently of Standard Oil Co. (N. J.). - The iransactiona Waioieoy all
of
the stocks of
the
five
operating subsidiaries were
acquired by
Consolidated and the- shares of capital stock of
Consolidated were
distributed were approved by the SEC under the Pub ic Utility Holding
Company Act of 1935.
v'.;'
,'!./•
-r't •
"
•
such
(N..J,). had caused to .be-.organized in
f
remuneration
this
continued
have
committee
company
receives an annual
1932,
option on
the
receiv.ng
a
since
contract
a stock purchase
share until 1957.
a
he
producer
company
the new
of
\ and also
at
the
phis
*$182,000,
'<
stock—:to. stockholders for approval.
as
well as President, Mr.Cohn,
common
executive
as
been
in
voluntarily submitted the details of his new con-weekly salary, five-year contract, and purchase option
75,000 shares of
(
..
*!et•Pr®«'*
1948 and
In
the
had
tract—$3,500on
Vice-President
from
,
results for ouartfrs
4
-
.
the
of
consider
to
tilings
other
among
(type of deal.
Accord,ngly, I have, withdrawn my offer embodied
it the contract now before the board of directors," ;; ^
Cohn
promoted
_„
elected Assistant Secretary.
i
j'datedApril
Mr.
been
has
Ginn
__
stockholders , /mately. $50,609,000,-this estimate being predicated on operating expe-. ;
proposed emrienee, a survey o I available materials and ..probable jabor costs.. It is 5
ployment contract between myself and Columbia P.ctures that out ; ■ expected that the balance of the funds required for this construction ~
(of a total.of 638,352 shares of stock of the corporation outstanding, : , program for the two years will be obtained from cash-reserves and
;
s 469(184,
vc. over-73%,.
voted to approve the contract, 27,199,
or
cash produced from current operations. ■
jv.
V v' 1
^
voted to disapprove, and 141,969, or approximately
>> CONSOLIDATED NATURAL GAS CO.-Prior to October/: 1943,\the
i22/«, did not tote. Despite-t.ie overwhelming vote cast in fat or of
r capital" stocks of the'fiye operating subsidiaries wei*e owned by Standard
"•
{the contract,
I am unwilling to proceed with the consummation of
pn Co.(N. J.) and such companies were operated as a natural gas
'a contract which may cause even a
small minority of stockholders : v system.f, Because of the requirements of the Public Utility Holding
..'to feel
that their- interests
would be better served by some
other
Company Act of 1935,. Standard Oil Co. (N,. J.)-divested itself of the
(
C.
„
the-sale-of their capital stock, together with other corporate funds of
such snbsidiaries,
used for the construction of additional-plant
. ,
considered by Mr; Cobn and the board of directors and it was decided
not to proceed with the proposed contract .on receipt of the .following.
*
the
of
»
»
pursuant ^to the provisions of the notice
.^e proxjr. statement the vote,, of stockholders was
fstatement
the sale
(1805)
stockholders,; resources of the company will (he used for the purchase, from time to ; V1c«-P1e?idcnt;_A._C. DykOni. Controller. to geCreUry ,nd controller;
°.( be M"n',an7 <m<i ak>"8 with, other .cash and William O. Raven, from Assistant SecrCtary tO Vice-President
j>ropos^^ employmentcontract an^
':tiine; ?of adflliottal shares of capital stock of the company's operating "invthe sales and executive > offices - at Detroit/-3.7 Sears has been
the corporation and parry Cohn President. /jsubsixjiaxies..
.
option agreement between
following the meeting and
;
aaaeu -w me gei
CHRONICLE
FINANCIAL
&
,'FURFQSE-^-Hie. proceeds' 'from
Columbia Pictures Corp.—Gohn Rejects Contract^
Among mites considered
u
.
• K
.held on Apni 9, .was the
.
COMMERCIAL
est.mates
of-earnings
of
because
-
1
■
r
k
.
•
this
output' of
Electricity
.„V-..4
..
ended April 17,
^
g
4
>a; 1948'
April
1947
•-
*
•
4
p
Rothschild
Salomon
Bros
3
& Co
„„„
000*000Pr°Per',le3 And investments——•—•-•--*——c). J.,025^01L
—
CONSOLIDATED INCOME STATEMENT FOR CALENDAR YEARS
1947
1P46
.*
1,786,795
Crll5,013
3'600000v ■> Roserv« for contingencies, etc.
A; Hutzler
lm?^ B^rncv & Co
: 3 f So S
1 ooo'ooo
Union' Securities^Corir^4 3 60o'ooo
1,000,0Q0 ,.Union Securities Corp.-- J.buu.uuo^
<
2.9
215,811,000
209,743,000
217,881,000 > 209,205,000
—«220,461,000
209,864,000
218,990,000 ,213,220,000
17
•
oSoOOtf
Melfe-Smttfr
•
%"Inc,
'
V*
c0
'-'•too 000?,i"
.
Week Ended—
Raj.K0Ur
-...
%
corresponding week a year ago.
Following are the kwh output totals of the past iour weeks and per-.;.,
centage comparisons with-1947;
:.>v',v>.vv%> /'
■;
....
.
-
assoc.ated companies,
and
company
increase over the
2.9%
a
J,..
-
excluding sales to other electric utilit.es, for the week
;
>1948 showed
.
-
.
_
•
-
-k
'' " ' ' •
> •"
^^
V
>
—"
Total
—-—-^.^^^.<-^^^40;654,889 ' 22,598,483
f,Provlsk)I>, for pede^j inCulue lhx__
8,797.157
3,433i59b
.j Provision for State income taxes—501,069
150,988
t' ='
•
''
t'' ' '"l- ,'■■■
1945
•
;;;r4
——r———
$94,170,308 $76,048,027 $69,631,785 ■ f
tf-->rrr-r^r--^----y^31,356,663 19,013,899
5.0 v
Purchased gas„
30.142.049
22,833,456 -1.",042,003 11.867 440
7,960,032
April 3 i
2.7.;. v
March-27
operating cxpenses-i———27,297,186
22,502,5904 20,867,268 : earnings per.
.$6.61 i > $4.05
Llainter.ance
4,690,618'
3,635,173
3.242,230
?
♦Federal and State oil and gasoline excise taxes are not included in
—V. 167, p. 1692.
dv, i,v».-r •- ■X-V
-'"v
'%• Deprec.; deplet. and amort—' 5,574,7681, 4,771,087 V; 4,436,656
operating charges and the amounts collected in respect thereto are hot
7,200,000 >5,684,000
-5,529,000 > included in gross operating income.. Such taxes paid or -accrued in the
Commonwealth & Southern Corp.—Rehearing on Sale . '-Federal income taxes (est.).103,095
/
72,642
69.0 .7 ^ year 1947 amounted to $32,475,189.
j-o{ Subsidiary stock Denied—
- .;••
■
' 1
'
4,355,701
^3,i??5,159 - . 3,7.,v | _v
• CONSOLIDATED BALANCE SHEET, DEC. 31
1
The SECTon April 19 denied the petition of the South Carolina Public
- ^portion - of
payments 4 to
annuity
ASSETTS—4:C.r
» Jr'-"1947 '■
1946
Service Authority for a rehearing on the SEC's decision of March 25.?
72,D00
490,000
1,295,000
fund trb«te? .y.-;--:-..- ij»■■y*
Cash In banks and on hand——
$23,539,778 $18,990,295
( which authorized the sfi^e by Commonwealth to tiie South Carolina
,
.
y
.
»,
..Electric 8c Gas Co. of the outstanding common stock of the South
-Net operating revenues
$14,731,891 $13,268,920'$11,450,425
U. S. Govt, securities at cost, which approxi
Carolina Power4 Co.4
^
^
Otherincome.
209,117
560,337
337,860 matesmarket———
255,000
305,000
April
10
-
—-
4.1
3
Total
operating
revenues
.
.t;i!ie''
_
^
'
<
■
to show that "under, the more favorable
now
prevailing there is a strong probability that
bidder wiil make a more favorable offer for the South sCkrolina Power-Co.- than, the South Carolina Electric & Gas Co."
Authority, had offered
The
'
^
1
-7-7—
.
$14,941,003 $12,829,317 $11,788,28a
495,281
Gross, income—
Income deductions_-i-
condition
market
another private
imnnmamtmf
«—nf
insufficient assviranUrOVeCl.
have already approved
and indefnite as to afford
nmitfisul
th.
mini*
h»VP
Xtla
improvement over the proposal we
ance-of
.
income.—.
.
Yotrl
4
x,7i
alrPafiV
$14,81*7,535 $12,750,037 $11,293,004
( this
tory
a
^
^
*■
...
_
.
_
J£wE_
in cash
paid
r
_5^4D5 VM<i»
Notes and
$80 363,399 v
$71,002,582 $32,709,21:
,213
j,
002,390
5,456,718
5,456,71
v
351,364
1
.v.'-'.jHtf
nnn
M
**
/>
.
f"
/n »■ rt
O
.
panies
(net).
Inc.—Output—
April 21 announced that System output of elec> electricity (electricity generated and purchased)
for the week ended
April 18, 1948, amounted to 213,700.000 kwh., compared with 201.900,000 kwh.
for the corresponding week of 1947, an increase of 5.8%.
Local distribution of electricity amounted to 201,700,000 kwh., com189,300,000 kwh.
pared with
•
advances,
(net)..—
accts.
for the corresponding week of
last year,
1
,
.
Due
>'■ 1
•4
Operating - revenue
Production
Gas
1948—12 Mos.—1947 1
Mos.—1947
$5,194/708 ' $3,969,821
$1;523,279
$2,027,172
——
other
-
Transmission
198,748
HAG
154,965
1,099,934
745,677
94,398
380,032
343,909
57,141
34,539
172.249
121,964
49,682
286,284
207,191
for
123,812
676,194
449,578
group
40,870
222,515
A O
Consolidated Yultee Aircraft Corp.—Possible
Distribution; L—
-i.---
General
eral
;
;
Fed.
admin—
and
205,038
73,215
income
and
1;
74.333
Maintenance
,
state
r
taxes on
•
J.),'
new
i1
'k
•
105,219
443,100
408,969
$670,963
$1,715,653
> 112,193
96,088
441,458
$1,379,688
386,468
$765,697
$574,875
$1,274,195
22.318
21,649
73,700
48,059
$788,016
$596,524
$1,347,901
$1,041,279
48,144
254,988
224,045
$548,381
$1,092,914
$817,235
139,350;
Not
earnings
Prov. for deprec.
•
...
&
Balance
j.
Other
*»
•' ''
m
_
Income
Income
Net
ii.
income
Grosg
,
depi.
deductions
commit
itself to
income
corporate
$718,802
v
it
obtain
procedure
is
additional
future
near
which
stockholders
will
issue.
To enable company to firm
up its new
credit arrangement with the banks and obtain needed
loans Atlas Corp.
has stated its willingness to commit in advance
to exercise at least sufficient of its primary and secondary subscrip¬
to
,,-69,213.
;
credit
banking
necessary
4
raising of a minimum sum of
to the shareholders.
Mr. Odium
of working capital and obtain
is expected to be necessary for company to
new capital funds from its stockholders.
The
now being taken to offer stockholders in the
stock.
Transferable rights will be issued to
entitle them during a limited period of time
of banks together with the
$7,000,000 through issuance of stock
stated:
"To cure
the
insufficiency
$877,894
income*
acquiring
157,876
t"
'j,]p v k
i^v'v ■
Floyd B. Odium,
$993,221
subscribe
tion
rights
raised
as
a
rata
pro
that
so
to
the
new
minimum
a
t Dillon, Read & Co. Inc. and associates on April 22 offered $30,000,000 2%% debentures due 1968 at 100% and
I* iriierest.. '• v
;>•-,>/>' Wzi
;i
1
The issue
i.
was
awarded April 20
competitive sale
i;
received
at
the
<i
100.0713
for
23/4s;
Curtis
,Ji
(jointly),
White,
101.65
Weld &
for
2%s;
on
bid of 100.1399.1 Other bids
Halsey, Stuart & Co. Inc.,':
Paine, Webber, Jackson &
a
were:
Co.
Stanley
&
Co.,
101.571
i.i
AND
SUBSIDIARIES—Company
was
organized
in
.
for
1
■
tare
engaged in
affiliates
prior
in
1943
Consolidated
and
are
as
follows:
Hope
Natural
Gas
Co.,
York
The
The
stitute
general
an
the
location of
interconnected
chian Area" in
New
The Peoples Natural Gas Co., The River Gas Co. and
Natural Gas Corp.
State
York.
LISTING—Company
the New
properties of the five subsidiaries con¬
operating in the so-called "Appala¬
western Pennsylvania and western
■ "
'.
system
West Virginia, Ohio,
will
make application
CAPITALIZATION,
GIVING
EFFECT
)
Capital stock (par $15)—_:
2%%
debentures
due
1968—
to
list
the debentures on
'1V.
York Stock Exchange.
1
:
—
TO
PRESENT
Authorized
3.274.031 shs.
$30,000,000
.
>
V
•
FINANCING
;
Outstanding
3,274.031 shs.
$30,000,000
211,250
liabilities
current
debt
1,790,493
credits
for
Rcseryes
243.304
250,000
250,000
—630,552
—
670,179
-
annuities
for
—i__—
———
—
—
depreciation,
for
reserves
-
etc.,
Creole Petroleum
> crude
•.209,224,483 178,182,508
of- $213,354,374
>.$194,768,865 in 1946.—V. 167, p. 432.
/
V 51,289,992 V 49,523,826
93,325,484
73,836,261
——_
Total
* After
794,532
23,751,461
•
-
<>
794,460
24,015,981
contingencies——
) Capital stock (par $5) —
Capital surplus
Earned surplus
153,459
1,118,925
200,297
—u.———--—---
in
1947
'
and
V
Corp.—Annual Report Reveals that
oil
production of this corporation reached a
peak in 1947 with an average rate of 589,442 barrels a day. This is an increase of more than 8% over the
11946 volume.
'
/
new
.
...
li t The company's increased volume of production and the higher prices
> realized for sales of crude oil and products resulted in a corresponding
11 Increase in earnings.
Net income for 1947 was $130,750,261, or $5.06
•: per share.
This compares with $83,305,686, or $3.13 per share in 1946.
1
However, A. T. Proudfit, President, emphasized the Increasing cost for
U; labor and materials and stated that for 1948 a greater investment of
earnings will be required than the: $122,500,000 expended in 1947.
Shipments
7
He cited
competitive position.
^
■
,
-<
4
.
.
"
as
an
example
of Increasing costs the
to
sales
and
Continental's
earnings
of
Continental
he
Referring
to
earnings.
> /
(
> >
unfilled orders in excess of $70,000,000 at the
Wisconsin's unfilled orders amount to approximately
said.
•*:
:
1 .
1948
has
>
the
^
probable
effect
of
any
large
armament
program
Mr. Reese said both Continental Motors and Con¬
tinental Aviation and Engineering Corp. have been actively working
on important research and development projects for the U. S. military
services since V-j Day.
Plans under which the company will have
upon
havo
assignments
carefully worked
production
been
under any such
out, he said.
Yopales, Leona, Santa Ana,
Venezuela.
»
Eastern
LITIGATION
The
annual
tered
June
on
claims
The
(
Tucupita, Caico Seco and
;i
•> '
•
/. ■' : >
-
''
proposed settlement of the stockholders' suits mentioned in the
report for 1946 was approved by the Court by judgment en¬
Matter's
Oil
27, 1947, and was consummated on Aug. 13 1947, when
(N. J.) surrendered to Creole 750,000 shares of the
Co.
outstanding
stock
and
Creole
released
Standard
from
all
relating to the matters alleged in the stockholders' complaints.
have voted that the 750,000 shares be retired and that
directors
par value of such shares. Stock¬
will be requested at the annual meet¬
'
;V
In connection with the settlement of these suits the Court awarded
fees and allowances to the attorneys for plaintiff Odette S. Price in
the amount of $430,000, and to the attorneys for plaintiffs Woodbury
Farms & Realty Corp. and Suffolk Co., Ltd:, In the amount tof $530,000.
Creole appealed from the Court's order and judgment awarding
the above fees, contending that the awards were excessive, and plaintiffs' attorneys cross-appealed, contending that the awards were in¬
Creole's
capital
holders'
approval of such action
ing.
be
reduced
'
/
the
by
;
' '
..
.
the company,
important
gram
Nipa,
Rosa,
Standard
present time and
$17,500,000,
Oficina,
Santa
the
.
/
(Fields; Cumarebo and Mara, Western Venezuela;;and Quiriquire, Juse/ pin, Mulata, San Joaquin, Temblador, Pedejrnales, El Roble, Guara.
i
Wisconsin Motor Corp. have run
somewhat greater during the first half of that company's 1943 fiscal
year which commenced last October 1, than in the like period a year
ago, according to Mr. Reese.
He indicated that Continental's owner¬
ship of Wisconsin Motor's • common stock has increased during the
last two months.
This should permit financ'al consolidation
of the
two companies during the current fiscal year, and add substantially
East Ohio Gas Co.,
New
/
,.
and
automotive
r
Both
These five subsidiaries were
stock of such companies by
the natural gas business.
to the acquisition of the
of
fall.
Dela¬
July 21, 1942.
Company is engaged In the business of owning
and holding all of the capital stocks of five operating companies which
;;
»
will be
6,223,789
,
ware
•
capital
industrial engines, which accounted
for 60%
of total dollar sales last year, established a new post-war
peak at 22,057 units last month, compared w'th 20,540 in February,
21,515 in January,
1948, and 14,510 in March,
1947, Mr. Reese
stated.
Shipments by the Gray Marine division also were the largest
for any
month since the war, and aircraft engine shipments were
larger than in any previous month since last May. The balance con¬
sisted
of
single-cyl!nder
industrial
air-coolcd
engines,
0:1
which
volume has been -building
up steadily since
production started last
principal office of J. P. Morgan & Co. Incorporated, trustee, New York.
COMPANY
new
846.
11,609,268
378,990
corporation
Shipments
;^2%s;.The Pirst Boston Corp., 101.5499 for 27/bs. 1
]%} The debentures are to mature April 1, 1968.
Interest payable semi"j annually on April 1 and Oct. 1.
Principal and Interest payable at
[•':>
p.
15,705,722
inc* taxes—i.
shipped 32,871 automotive, industrial/aircraft and>>refinery at Amuay
"At the pres.snt writing,'' said Mr Proudfit; "it
/marine engines in March
the largest monthly total in the corpora' Is estimated that the plant will cost at least $120,000,000. In 1940
tion's 46-year history, C.' J.
Reese, President, stated at the annual
the same instaUatlon could have been constructed for approximately
> stockholders' meeting on April 7.
Earnings have shown improvement V? half this amount."
/:
, : •.
•
;
to date In the current quarter which ends April 30, he said./('V'vYl::>> - Creole's producing
fields are located as follows: Bolivar Coastal
This
and
Morgan
of
$7,0.00,000
CMtinental Moters Corp.—Reports Record
—Officials Promoted—
Consolidated Natural Gas Co^Debentures Offered-^
of
the offering.—V. 167,
result of
$5,700,000
24,798,966
_
taxes, incl. prov. for Fed.
Reserves
Financ'g
Chairman, revealed that the management has plans
additional capital through a $20,000,000 credit with a
'
$140,000
.——z
—„
Reservea for insurance—
•.
V. 167, p. 1585.
43,862
359,930
111,352
——
ino
OGZ
60.113
572,515
894^748
,
acct.—„—.
current
on
payable
Lone-term
'
vV'V.':-, ...•/%•
——i
bank
controlled cos.
Deferred
made as follows: Hope, 160,000
Peoples, 114,000 shares,,and New York Natural, 23,000.
These
would be in addition to authorized sales by the three companies of
100,307, 70,000 and 52,000 shares, respectively, of which 100,307, 41,000
and 40,000 shares, respectively, were sold to Consolidated in
1947.—
423,135
4
purchased
to
Accrued
Sales of the three companies will be
Consolidated Gas Utilities Corp.—Earnings—
Period End. Jan. 31—
3,171,209
4,844,476
203,224,483 178,182,508
-
Accounts
.shares;
J:'
297,305
119,081,478 109,472,845
r-y---
Total
the New York State Natural Gas
for $29,700,000.
par)
s.
Unadjusted debits and sundry assets.——_—__
852,226
etc,.(——1,205,534
Note payable to
both of Pittsburgh, and the Hope Natural Gas Co., Clarksburg,
"W, Va.f have asked the SEC for authorization to 3eli to their: parent,
the Consolidated
Natural Gas Co.,
297,000 shares of common stock
>($100
5.192.753
6.656.754
at cost (net),
Prepaid insurance, royalties, taxes,
Co.,
167, p. 1693.
increase of 6.6%.—V.
an
•
Natural Gas Co. and
Peoples
-
I. I
•
To Purchase Additional Stock of Subsidiaries—
The
111,230
196,663
;
LIABILITIES—
Consolidated Edison Co. ef New York,
The -company on
.
1,857,870
138,533
'
current)—*11.'—
Investments in and advances to controlled com-
*Equal to the estimated reduction in Federal .income taxes attribut-
,
28,872,786 or 10.01%.—V.
23,205,092
2,104,233
receivable (not
accts.
$74,009,645 $35,545,864 $58,252,495'>(.-♦Property
Earned surplus at end of. year^l
25,520,212
below average cost
f Other
current assets
209
corresponding week in 1947, I-"-"Vi-4. Mt./JV able thereto—-balances.of f $665,000, $754,000 and $115,000, respectively,
an
mL
4/]
f
rl nKi
'1(1^(7.':
VI/I '■'IOaXT
Tlti
f*f\IV VI&f*
n VI
charged to deferred debits for 1945, 1946 and 1947.
tin connection
167, p. 1693.
with the issuance of 545,672 shares of capital stock of Consolidated*
:M
...
-
—
K?,tesf aUd accts. receivabie-current (net)-_.^,> 24,481,321 14,431,722
Due from controlled cos. on current acct.-,_-_ . ——
28,201
i
?
jjs Inventories of crude oil and refined products at
cost, which, is lower than market
»
;tJInventories of materials and supplies at or
Other investments and
n
for the
288 539,926
txwnDared with
as
_
_
tFinancing expenses———
of subsidiaries ofs
corporation adjusted to show general business conditions of terri¬
served for the week ended April 15, 1948, amounted to 317,412,712
Increase of
6W5>64
——
Dividends
-
kilowatt hour output of electric energy
The weekly
_
-
Weekly Output Increased 10.01%—
1
--—
..
*
-
Net
surploTl^iHSHi
sulwalt a bid-is so vague
79,230
123,473
adequate.
On Oct.
16, 1947, Creole
reys/ whercbjvCreole
armament pro-8,500 shares of Creole s
*
the settlement with the
effected
a
settlement with the Price attor-
authorized but jmis ue stoci. purchase from
As a part of
Creole'agreed to
Price attorneys,
10
(1806)
THE
those attorneys
demand prior to Oct.: 16,
upon
1948, any or all of the
3,500 shares at a price of $35 per share,
The appeal and
cross-appeal from the award
Woodbury farms & Realty Corp.
and .Suffolk.
'
pending. /•.
;
,i
;
;;
_
CONSOLIDATED
INCOME
'4
.
ACCOUNT
FOE
CONSOLIDATED
Co.,
Sales
YEARS
CALENDAR
;
Provision
for service and
for
■■
Miscellaneous.
.Provisions
;
for
"4,293
51.313
income taxes
government
—f"1-1"..
Net income for
Dividends
paid
the year—
130,750,261
r
Balance,
car"ed
earned
surplus
:
for
refund
V,
1
end of
year
*
CONSOLIDATED
'
'
*'*'
■"
$3.13
DEC.
SHEET,
4
Treasury
receivable
Notes
4,4—444-—4?
cost which approxi-
2,908,148
.606,938
bonds,
at
Standard
from
receivable:
Accounts
Affiliated
Trade and
,
■;■'■■.■
oil
based
Co.
(N.
and
55,000,000
19,317,956
9,311,163
products
6,582,648
Total
4,186,940
33,374,160
3,131,346
99,241
Affiliated
'\
22,184,405
2,026,892
2,458,607
Period End. Jan. 31—
Operating reyeuues
Operating expenses
Federal ta?es
Other taxes
Depreciation
3,113,392
—■ -44-—-—
—
for
service
57,971,684
4,390,616
37,970,182
10,480,143
4,578,563
Other
indemnities ■10,368,733
severance
——
surplus
—
Total
-V.
176,117,885
——
940.
p.
Gross
Interest
119,066,613
order.
position
to
102,858
1,403.123
82,426
73,817
957,032
$244,461
revenues
$252,829
Wm.
352
$244,451
$253,181
46,667
46,667
v : 11,901
6,965
82,337
income
,
and
,
mechanical
However, they
as possible.
in
alwaye
are
it
reasons
companies
arrange
is
Net
an
creation
of
ordinary
raid
t
and
stock
Rql,
i:'i
—:
>,893
$199,549
33,781
06,963
'
to
surpi.
canled
earned
alphabetical
near
as
have
hall
be
all
the
fully
converted
the
Divs.
4
res.
to
corp.
.
.
.
surplus
$152,112
to outstanding AVa ^
$3,187,339
and
ordinary
up
pari
that
;
of
group
shares
shall
credited
or
all
of
for
been
issued
ancl
paid-up
that
the
such
any
control
of
stockholders
this
firm
;L
Slate
7
7
T.
Roland
Berner,
head
of
the
company
annual
man¬
meeting
a
Los« on propertics soid
7
,
stockholders'
common
seeking control, refused to recognize the company's meeting.
two hours of turn oil, shouting arid some
pushing, the
meeting, was recessed until May; 7 when election of directors
will be held by his group, said Mr.
Berner, He declared his forces will
5,000,000
eight new directors.
votes
to
put
through, the
committee's
7'7 ...7;
.-.
•.,
the
by 4,297,3)3
class
A
in
■vote
The
to
and
company's slate of incumbent
votes. The company has
•7.
•
directors
the
7,430,332
shares
of
of
slate
will
7'
naming directors.
stockholders' committee
*
■
77
-
seeks
of
a
stockholder.
lieu
of
buy
company's
the
half
distribution, the
the
outstanding
stock
common
of
share
has
at
v>,.:-
■
that
proposes
stock
$14
the
He
t
G.
$1,358,650
The
corporation
Net
.
to
losf for the
operations
aet
annual report:
s
addition
of
to
year
prior
the
transfer
as
this
amount
from
1947
years
surplus of
to
.
March
on
amounted
,
aggregated
provided
reserve
The
for
by
$20,028,600.
reserve
the
Internal
Additions
to
for post-war
contingencies
by
continues
net
current
to
be
assets
of
surplus
Code, and
were
exceptionally
at
Sf^ting.J135V986'579 «f current
liabilities. This strong position
transfer from
a
$937,000.
Dec.
31,
;
>
strong
1947
•
,
due
the
>
financially
of
as
$103 340 957
of
'current
maintained
notwithstanding un¬
usually large expenditures
during the year totalling
$16,626,142. These
expenditures covered capital assets of
A
Stock
The
in
$8,440,556; purchase of class
and dividend
payments of $3,969,902.
and
the
class
A
stock
purchase
resulted
$7,980,603 against earned
amount
dividend
$4,215,684;
payments
..n
a :charge
of
increase of $12,047,997
in
sqrplus
earned
surplus
'
making
a
net
boxing a net
Unfilled prders at Dec,-31, 4947
amounted
to $118 500 000 com¬
pared with $115,000,000 at Decl
31, 1946, Shipments for'
1947 totalled
433, 61,988 compared with
$71,984,015 In 1946
Total
cmployees^at pec,. 3!, 1947
was. 14,330 compared
$1,975,187
Cr75/O00
Dr42,532
$2,007,655
pfd. stock
on
stock—
common
50.746 Y<;>
1,516,811
in
50.746
1,061,758
since Aug. I,
at
in business
begin, of
yr.
$895,151
1,382,774
at end of year
1934
——1
$3,156,225
,~l
C
share
common
$878^00
2,277,925
_■>—;■
the business
$2.52
■■
ASSETS—
$2,277,925
"
>
$2.03
$1,914,000
$1,57
$1.55
$3,72
-$2,03
which
presepted
carry
a
complete
all
stock
areas,
no
of
the
matter
1693, v
to
what
Estimated refund
of
eight
;
Prepaid
;
par) af $20,50
per
share.
The shares offered
The
450,000
.Outstanding, shares
Traction
Co
account
of
as
of
The
of
of
capital
capital
Feb.
stock
stock
29,
Detroit
1948
Edison
and
Co.
are
part
The
of
by
not
are
was
^ wmber^f
with
15,293
on
receive
tion
as
Co,
•
a
On
dividend
common
a
^
with
Feb.
respect
filed
in
Eighth
the
to
U.
Circuits,
such
plan.
S.. Circuit
a
total
respectively,
and
of
are
petitions
Appeals
now
for
-
r
v
65,954
541,409
704,514
2,531,066
2,119,564
y
—
l;
-1/
on
preferred
5'Z
liabilities
—
stock
$787,836
Zi
$804,636
•50,746
465,281
359,023
1,748,105
taxes—
(par value $1
379,202
50,746
>1,454,743
—
income
Capital surplus
379,202
*
$ tack—
pfd. stock (par value $40
lion-cum.
Common stock
$8,813,788
-:,;■■'
common
>.
$10,074,759
———_—-—
on
.Estimated Federal
a
share)
a
1,014,920
share)——i**
£48,007
—J,——j——
1.524,437
Iuc. invested in tlie business since Aug.
1, 1934__
1,014,920
Ml
Y
948,007
1,524,586
3,156,225
2,277,925
$10,074,759
Total
.
$8,813,788
; : See fil&o y. 167, p. 1468.
Diamond/ jVLitcL CR.-r-RedUBtion in Capital Approved
*
The
were
or
shares
$25
for
for
review
the
Seventh
pending,'*
*
;
held
capital
$6,250,000,
<S7,j51,0Q8.
a proposal to retire
preferred stock and
participating
now
in
and
respect
capital
the
In
with
representhig -thei cost
125G.
250,000
499,940
treasury;* also, to reduce the
••;^a--Y-Y.*V/Y-5;j-V i :;•/;.>••■>
in
the
the
■y;
6^
preferred
respect
the
to
the
to
stock,
common
company,
iof Ahfi
_;;;;■,;Y;y:; Y/V;
^
(Peter). Doeljrcr Brewing Gorp^IJarrisoiii; N.
rupt—
;;
••;•;* //; ,4
-;. • *
*;• ■■ r -4,/;
; ■•,- 4; ;7(, j J, «;< '1*
Fe.deral Judge Meaney op; April 12 ;h<?ld that this corporation is
bankrupt." He ordered institutjjop of bankruptcy proceedings before
Bankruptcy Referee Caliill for the benefit of creditors;. *
/
The
■
company filed a petition in reorganization May 5,
1947, listing
at $668,126 and liabilities at
$420,465.
Counsel for creditors .on
April 12 contended the company owed more than
$1,000,000, the biggest
"creditor
being the government with a claim for taxes from 1943
through 1946 in the amount of $840,260. The Court was informed by
counsel for creditors that the liquidation assets of the
company* today
would run between $100,000 and $125,000.
Y. i V-V-c- •
( "assets
.
-
V/«.(•. V. * }>'/
^ General claims
/and
against the company were given as between $350,000
The State of New Jersey has a claim of $12,000
$400,000.
taxes.
; wages.
Holding
claim
for
Co.,
rents.
of
owner
Other
the
claims
brewery
filed
were
building, has a
by employees for,
;
■
4
,4
/
u
the reorganization and institution of
bankruptcy pro¬
urged by Robert E. Shorten, counsel for
Einson-Freeman,.
Newark, N. J., which gave a loan of $51,592 to
,
,
Dismissal
ceedings
Inc.,
for-;
Harrison
substantial
of
was
of
the-.breweryi
about
a
client
in getting
year
$700,000.
Trac¬
and
reduces
latter-stock.-W. 167, v,
c^
the
were
by
by
Apri) 22 approved
stock
connection, therewith.
action
par,,
on
cumulative
common
in
This
.stock
6'Y
of
cqpltal
Y--
934,971
Light &
offered
stockholders
•"Shares*' of
of
American
stock of American
Light &
Thereafter
Courts
31,777
merger
26, 1948, the CommLssion dismissed
a
petition re-,
questing it to reconsider, vacate and rescind
orders theretofore entered
.
*.
—:—
„—i——
payable
may
upon
Total
Accrued
oversub¬
offered by
shares
102,575
—,
depreciation )~i—Y
/Dividends payable
at
by
American Light & Traction Co.
pursuant to order of the SEC under
the Public Utility Holding
Company Act of 1935.. The Commission,on
Dep. 30, 1947, entered its order
approving, subject to certain
terms and
conditions, the plan of The United
Light and Railways
cf* a"d American Light & Traction Co. which provides, among
other things, that all
shares of capital .stock of the
company owned
by American Light & Traction
Co, are to be disposed of by the
latter, prior to Dec: 31,
*1948,' through sales apd by dividend
dis¬
tributions on American
Light & Traction Co.'s common
stock, and
>Lhat United Light &
Railways also. tprior to Dec. 31, 1948, shall
dispose of all shares of capital stock of
the company that it
;
reserves for
/Accounts* payable
putstanding gpd owped
owned
—,
assets———.—*
LIABILITIES—
•:
awarded at competitive bidding April 21 on a bid
The First Boston Corp. and associates offered
h*e Stock and Allen & go. and associates, $19,225.
shares
"
2,095,534
.
by American Light & Traction Co.:,:/
:
_t,The issue was
i;S,n« *
; Jr,
a
-
ifirjst-in:
■
through
The issue
are
mkt.
or
; Goodwill and patents—
yyyY;;.;;.;:Yte-■
■
Y
:■■■;"
Detroit Edison Co.-s-Capitgl Stock
Offere<J^-A ^yD<Jicate headed
by Coffin & Burr, Inc.; and
Spencer Trssk
& £o. op April 22 offered 450,000 shares of
capital stopk
scribed.
;
1,079,108
.
2,491,166
expenses
Miscellaneous
•
sharO.^.^*^ /,;;^;
H.
prior year's Federal taxes '
lpwer pf, cost
/iProperlies (less
super
.
acquired Extruded Met,als.\ Inc.
reported 1947 net earrings, after
per
.
on-income-*-^—>;;• '31/777
;
who
January 1947,
of
9.03,240
•-"*
L'47i,9.92
fop doubt-''
:;i:v first-out ba-.'s).
stockholders
creation
1,227,045
-
Inventories, at
give prompt Shd continuous
recordings are requested by
-
$1,814,096
.'
'
,
country. These super branches
diversified selections listed in the
catalog to enable the company
in
the
to
p'us'. accrued.
*—
*
Dividends
was
cost
•Trade accts. receivable (lesz reserve
accounts)'-/.*—
•
/;
,
at
T. ( ful
•
■
pla*i,
1946
$1,677,728
——
:U.
S.
Govt, securities,
;; interest * thereon
$1,062,000
.
1947
Cash
Mos.^-1947
194CL-9
-
,
assets and $32,645,622
v/as
'
r*—
•
$800,000
annual
•
$1,365,258 ■'■Adjustments
$21,393,858, resulting in a
for
Revenue
:a
to
no
company
evidenced
,
the
Federal income/tax of
$6,000,000
longer deemed necessary, and
$15,107,713 from
the
reserve
for
war
and
post-war contingencies
..and
adjustments.
Mowever, the amount of $5,000,000 has
beerj retained as a contingent
reserve.
While there was a loss
of $9,697,791
from operations and
reconversion,
there was
a
tax
carryback credit of $7,409,000 as
is
on
Tpcome inyested
>
Diehl, President, reported that sales
for the year showed an
increase of 42'fo
due
to
the introduction of
new
products
well
as Increased
dernqrul for regular Jiues.-—y. 16.5, p.
232§,
-
V':
•
'■17 MU
■•/•'■v"
•
surplus——
Income invested
,
22 said in
*
in
L.
a
Vaughan, President,
$2,445,857
CONDENSED BALANCE SHEET, DEC, 31
$810,000
t Piyidends
withdrawal "would have the effect oLa
of your compuuy."
'j - : v
7
liquidating
W
declared
oi
declared
334,935
taxes, of $937,075,
or $1.78
per share.
On an equivalent number
of .shares the combined
earnings of the merged
companies for 1946 would have been 96 cents.
paid during 1947 totalled 50 cents
;vk,7
.7
told stockholders such
1 'i'
$2,445,857
B^lauce.
$1,693,585
334,935
Detroit Gasket & Mfgf,
Cf>jr-rERrnings^—
com¬
shjire.
a
is
the company.
6,646
2,782
no
Dividends jnid
,
$1,756,174
the
distribution
This company,
selling for about $8 a share.
Management opposes the distribution or
stock-retirement program,
Mr. Vaughan
declaring it would withdraw more
thap $50,000,000 frpm
partial
'
1,540,000 ;. 1,235,000
Total
#47^003 "
one
company In order
share to each common
•■•;>;
committee
common
with
de$lers.*-rV. 167, p.
the
....
In
new
Decca
.
control
put through its plan for distribution of
$7
pany
shares
conjunction
service
reelected
was
1,158,651
Each
28,557
■
-■
provided
in
prioi
longer required_i^—>.
Final settlement of prior years'
renegotiation- ;
years
.
stock.
common
*-
„
1948—-3 Mos.-—1947-
taxes__
meeting on April 13, entails
branches in important cities
across the
'
outstanding
(->
■-
——
Decca Records, Inc.—New
Vice-President of ynit—
The
Guy W. Vaughan, President who presided at
management's meeting,
■
announced
•>
1,301,999 •?; 1,034,556
Y
d'Amantied--—g.-
•Net -fnpomc for year
Reserve
for
contingencies
♦
80,734
^
or
4
newly activated distribution program of
this
corporation, L. C. Oilman, R. N- McRormick/ Sellmapn C. Schulz
al?d ,A* ,E* 8imPscn have been appointed Vice-Presidents of Decca
Distributing Corp. Previously, all were divisional
managers
of
the
corporation. In addition,
Sidney Goldberg has been appointed Assistant
General 8ales Manager of Decca
Records, Inc.
.v ,y:'Vi,
nearly
some
profit after
In
held
Oerner
muster
$20,807,011 $15,P67,0O2
15.361,065
10,735,341
126,751 ;>■" ;> 80,872
,Interest,paid—w—'
Re-elected
committee
After
-
Depreciation
$2,310,588
788.828 2
ahd Forking papltaj pf $10,414^)00,—V,
167, p. 433;
.
and
the
at
-
•
,.560,000
?7
ended March 29, 1947, totaled
$24,673/)00,
compared with $17,037,000 for the same
period last year.-., ,v
Tlie balance sheet as of
March 2.9,
1948, shows current • assets of
$12,642,000 with current liabilities of
$2,228,000, a ratio of 5.7RO-1,
same
shall be
stock
1535.
p.
Net
pany
Meanwhile,
2,500
,
Cprp.—Earnings, Eic.r—
Earnings per share..—
% Sales for the nine months
April 21. Amid shouted protests of opposing stockholders, the com¬
reelected its slate of 11 directors and adjourned its
meeting.
on
C J. J. B. Hiiliard & Son___l
9,500.
'
Earnings per
:
the
or
have
fully
as
Corp.—Management
dissatisfied
angry,
battled
2,500
1—2,500
Parcells
■i;
$1,421,239
period En<J, Mar. 29r-
.
-
A
agement
Co.—
&
2,500 '-i
'
167, p. 1585.
Davison Chemical
£14,500,020 by the
£1 each, ranking
w.ith the existing
of
passu
when
ordinary stock and
multiples of £1,—V. 167,
Curtiss-Wright
3,500
Co,-——;
Day & Co..—
•
•
$2,951,322
>>
$2,545,002
j-4
$142,586
pfd., stock
applfc.
-V.
be held on
proposal: ;; v>
following
into
transferable only in
L.
to
comnany
shares
respects
company
paid
the
ordinary
other
additional
been
of
be increased to
company
additional
in
in
6,400,000
r-hall
of the
6,400,000
dividend
Hill
C.
Dividends
not always
alphabetical
exact
.•/-■■:
extraordinary general meeting
April 23, the stockholders will vote on
for
.
Inc^
9.500
.
3,500
& Company,
Al.ison-Williams
R
.
3,500
Co
'
9,500
<
•
the capital
;v H.-Wf, Safctfey
&
DetroitrMiehigan Stove Co.—Annual Report^-
444,124,492 348,586,538
Balance
That
C. Reid
3,500
.
$2,949,531'
;■
1,731
563,DQ0
deduct,
int.
Cunard (Steam-Ship) Co., Ltd.—To Increase Capital—
At
3,500;
.
Co.-
Calendar Years-*"
,1947;
1946
/Gross prqducb sjles, less discounts, returns and
■;
;;j;?%allo*ance^.
a—%
$20^593,376 $14,955,408
/Riscounta on:purchases
7—
4
52,413,;,7 (.-44,405
I Interest and dividends-^^
2—
'
24,582*
27,272
1,150,072
938,453
.
$3,187,121
218'
mtge, bonds
on
Other
•
NOTE—For
129,329
Income
Transfer
possible
Securities
'v
♦
1948—Month—1947
1946—12 Mos.—1947 V<
$1,033,732
$927,454 $12,423,946 $10,619,876
.449,422 '
359.815'!( 5*005,875
3.999,755
113,094
133,135
1*870,795
1,582,005
income
;
—X*~
167,
Charles A
*
p '-ip:;;
Net oper.
8,986,291
5,201,649
Other reserves
853,152
4:.444-4.44Y;44444444 f:4 685,327
Capital stock <$5 par each)_
129,325,550 133,033,050
Capital surplus 4-4—--4444444444
23,518,975
23,262,913
Earned
on
Andrew
9,500
'
S.
Livingstone & Co.—
,Co._——*
Nashville
■
.4-—4-444-444
and
Hutton & Co.____^_
Moseley & Co.-_„__i.
K.
W. Pressprieh &. Co.—
Walling. Lerchen & Co.__
Dallas Power & Light Co.—Earnings—
17,116,408
————
Reserves
E.
F.
1,575,711
fit
>
—
pensions
W.
'V
/
capita) stock
class A stock ($1 par value), $953,719; common stock <$1
value), $7,432,039; capital surplus, $15,347,260; /earned surplus
Sipce Dec, 31, 1931, $98,#>9,295; total,. $166,197,804.—V.
^67, p. 1693.
444,124,492 348.586,538
companies
for
1947
par
71,170
2,247,500
Thrift plan contributions payable
——Reserved for govt, income taxes (estimated)
Other
accrued
liabilities
Reserves
31,
$1,624,869;
1,013,893
J
313,568,324 223,193,158
-
payable:
and sundry
Trade
and
DEC.
R.
C<>.i
—
LIABILITIES.
Accounts
bariks
SHEET,
S.
&
3,500
3,500
Mason. Moran &
r
Gcodbody & Coi^lu!i-iv.;iVK?, 9 500
•Graham, Parsons & C6.-1
9,500
Harris, Hall & ;Co:' (Inc.)—1 9,500
Hayden, Stone &• Co...-—
9,500
depreciation,-"
3,500 b
Richards
-
&
'
receivable—
-
in
BALANCE
9.500
9,500
-
4,500
3,500
Field,
,
Co.',
Bennett. Smith & Co,—_^
E. W- Clark & Co.———Crouse & Company
;
16,000 v
&
5,000
5,000 ;
—,—
,
**.
Property, plant & equipment (at cost jess res.)
Prepaid and deferred charges'
/
Stone & Webster Securities
Dominick__-._
'Estabrook & C.o
:
Co
CorpCo.___—
&
George A. McDowell
.
16,000
Corp...
Staats
5,000 J?
McCarty & Co.,:•<'"-'i ;•,:
Inc, _3—ii_,
4.500
M. A. Manley & Co——.
4,500
McDonald-Moore & .Co.—.
4,500 ,t
16,000
Co
R.
American
Campbell,
16.000
Barney &
5,000*
5,000
Co—5,000
Walker
H.
by
No. of shs.
-
cost\
(less
at
-Stocks and bonds of corporations and other securiiies fat cost) —
accounts
Smith,
\v;' v'T'V
CONSOLIDATED
G.
Brothers-—iu—^ lt>r0u0
Lynch, Pierce, Fen- >
t
3,715,165
William
iSwiss
Higgifison Corp.-^u^C- 16,000
Curtis
2,317,302
Putnam &
>
the
,
petroleum
in, first out method
than aggregate market value)--,
—-4,231,506
Materials and supplies, at average cost
1
52,484,521
Deferred
1947 include provision for
16,000
",1 ner & Beane.
Paine, Webber, Jackson &
*
,
Ingalls & Snyder_—__
Mackubin. Legg & Co._"_
Inc.——lc.ooo
'
$2,472,091
paid-,----—1.857,583
"
and
purchased
,
444'
last
on
•,
be
■
20,000,000
J.)
—
) '■
•
after tyans. from res.
$1,365,258
paid...
4—;—4——4
2,112,319
16.000
of
Merrill
111,689
•
to
-
.
■"
;
.
eundry; less reserves
Inventories:
Crude
Oil
4,270,902
/v/VY /VY'
ics 4444L 4.4444444; 35,535,805
com pa n
13,467
purchasers
stock
■
194647
7 7 $ ;4Y
$
—4-44--—444-.;444~;;
■—•-
S.
matesmarket
Lee
■
^
several
& Co._,
7.600
MacNaughton-Greenwalt & * 7
Roney & Co.—i_,_
7,500
Co.' 7———J'
2,500
inventories of raw
materials,
parts,
supplies and work in process
.WhRing, Weeks & StubLs.
6,500
'.c Minsch, Monell & Co——
2,500
(at the lower of cost or market), $31,907,405; termination claims reBaker,'. Simonds & Co—6,000 {
Reinholdt &
Gardner——
2,500
celvable (U. 8. Government), $1,380,733; prepaid insurance ■ and other
Smith, Hague & Co
6,000
John R. Schermer and Co.- 2,500
expenses, $294,491; manufacturing
wan'e cpr
William Blair &
og-i
5,000
; Chas. W. Scranton & Co.— 2,500
preciation and amortization of $22,433,921), $25,369,143; real
estate,.; Alex. Brown &. Sons_—5,000
Starkweather & Co
1__
2,500
machinery and equipment held for disposal, (at cost or lessi. $275,396;,
Hayden, Miller & Co.——
5.000
Sweney Cartwright & Co. ;;.,w
mortgages and other investments (at cost or less), $4,272,192; patents
IlUnpis Cq—
••••'
5,000
Inc,--.. 7——-i,——^—';..5»500 \y
and license rights, $3; total, $166,197,804.
1 I
' "
—V. 167, p., 1693.
' ,
:
F; S. Yantis & Co., Inc.—
2,500
LIABILITIES—Accounts payable (trade creditors),- $5,100,646;-ac¬
crued wages, taxes and other
expenses, $4,015,306; advances on con¬
u* Detroit Gray Iron
Foundry Co.~Results for 1947—
tracts (principally U. S. Government),
'
$6,z4j,o^; accounts payable
Calendar
) "
;v ■
v*
>(U.
S.
1947'
%
1946
'
Government); $1,290,731;
provisionfoiv 'Fedefal
faxe« ?
Sales;
;
;
income,' $13,917,692;
termination
claims
—$i,964,217, $1,893,865:
payable
to;subcontractors,
Earnings after charged and taxes
$753,734; other liabilities, $1,323,964; service guaranty reserves, $4,',..175,427 •
209,044
Earnings per .ah *rc
425,000; insurance reserves, $200,000; reserves for
—,.$0.30. /
$0-35'
contingencies, $5,-y. 165, p. 2275. ■
■
000,000; minority interest jn
and surplus of subsidiaries,
31
:'**47;4:/; \YYYY1947
'
'
-
subs
the
capital
Michigan Corp..— 16.000
Hgrriman Ripley & Co., Inc, 16^000
Kidder, Peabody & Co.— 16.000
.
V
Co.,
&
First
hand. $10,907,726; U. S. Govern¬
ment short-term securities
(at cost), $64.615,955;,.accounts
receivable
(principally U. S. Government), $17,474,760; claim for refund under
loss carry-back provisions of the Internal Revenue
Code, $9,VOO,OUO;
119,066,613
$5.06
pro-'
52,437,311.
'
,
Cash
u.
BALANCE
t':
ASSETS—
„,.
176,117,885
.
income ol
net
82,322,495
share.:,-—4—.,44—*
per
carry-back
NOTE—Costs and expenses in
36,744,118
Earnings reinvested and employed in business
at
loss
year,
dividends
ASSETS—Cash
Earnings
under
of
No.of shs.■■
Inc.^
Spencer Trask & Co.^—___
;Blyth
1.619.527
..
shares
follows
•>
Lehman
Net loss for the
of
57,051,272
1,953,549
—44:.,
of
of
names
.
8,030,683
-
numbers
as
Coffin & BUrr,
%
5,119,743.,
7,599,674
are
-
11,504,678.' 12,308,853
———-—4—$8,993,358 $33 284.0*2
deductions
—4—.-4.-7-444.:4—■■■.»t 704,433 4 432,187
Common
46,561,568
119,066,613
———
surplus—:
each
loss
.
Previous
V«
.-4*4- $10,946,907 $34,903,560
.
Class; A; dividends
•
■
83,305,686
73,698,989
J—,.r--
»;
.—*.4—, 524,977
4—4——-—,
UNDERWRITERS—The
Domiiiick
32,114,111
52,029,585
,
Minority interest in
8,986,291
———-——4..—:
estim.
1946
*
visions of the Internal Revenue Code——2
Cr7,409,000cr25,000,000
Trans, from res. lor war & post-war
conting. & ) r ; ;
/V, (
readjustments to offset reconversion costs—2: Cr937,00CCrll 300,000
15,142,525
367,065
5,201,649
v
Income
Claim
804,629
5,167,084
ti
rearrangement
Other
4,641,079
369,800
Indemnities
severance
pensions^-*—*—
sales
Total
,—_
~—-4~4--~ *4—*
-
$83,161,988 $71,984,015
—__,4 74,479,566
81,408,295
Operating loss
————————T—,—4 380,359,737 244,130,457
operating expenses
4 150,877,361 102,549,414
•Selling, general and administrative expenses— ■>. 7,072,027
Taxes, other ihan income taxes.—*4—4-'
1,306,922
^Depreciation. depletion, amortiz, and retlremts. 23,749,093
Provision
of
Other
.
—
Monday, April 26, 1948
YEARS
rospective
'ytM7
Administrative, selling & service expenses——
Engineering, research & development expenses
income
paid
CHRONICLE
CALENDAR
•V.u'/r-
•
*./—
Plant
■*
interest
FOR
.
,
and
ACCOUNT
'*•:/.
,
Total
INCOME
FINANCIAL
•*.
attorney for
Ltd.,; are still
Y*'
Y ; .■ ;*. ■;.'
1947 >*,
; 1946 "
......"■
Gross operating income—_—378,614,117 243,181,883
Other inccrne
———1———_______
1,745,620
948,574
Costs
&
the
Cost
v-/.*'i
_;
/■■<,*.
to
COMMERCIAL
concern
He
Mr. Shortell charged that the
company deceived hiS'
the loan by representing its assets to be
approximately-
ago.
'said
before
the
he
wanted
to
referee.
examine
.
.
1
4
the
;
.
officers
/
of
the
The-officers,
Hugh
brewery
/■'
;
•
:
H.
Begley, President"; Peter' DOelger' 3T, VicePresident, and Carl Doelger, Secretary-Treasurer, have
claims against
the
cimoanv
toteli'n* $80,000. Thev were
represented
Consodine,
Newark
lawyer,
who
urged
that
the
assets
by
be
William
A.
liquidated
Volume 467
under
be
the
reorganization
inclined
more
Number 4693
-
trustee.
argued
He
compromise
to
THE
its
the
government would
that method, and
under
LIABILITIES—
general creditors would have a better chance of getting some
back. 'His view was supported by Assistant U. S. At¬
torney Yancey, representing the government.
,*
;
their
W/i!
Morrill
Peter
trustee,
institution
1256.
p.
bankruptcy
'
•
•
;
Paterson, N. J., counsel for
Artarserse of Jersey City, N. J.,
P.
of
of
Premium
proceedings,
also
("Newark
167,
Notes
preferred
on
payable
Accounts
Textile
Dominion
Co., Ltd.—Offer Made
This company,
in
Montreal
basis.
is
As
is
The
>
President,
owned
Dominion
G.
6tock
dividend
of
more
the
evplained
receive
to
(15
Gordon,
B.
to
cents
Dominion
who
that
by
the
Dominion
not
exchange
only the Montreal Cottons'
of
Feb.
quarterly dividend
13,
and
30
profit
reported
the
lor
with
compares
increase
of $434,420,
of
cents
Dec.
ended
year
$433,575
$2,316
68
31,
or
extra
in
1946.
The
balance
to
sheet
of
shows
paid
'
200
by 600
feet
Long Island
December
the
from
will
plot of
City,
be
land
Y.
N.
r
-
,
loan
to
small.
a
of
part
of
the
cost
of
,
,
Carlton
that
47th
and
48th
complete block
a
Aienues
and
33rd
and
it
-As
has
soon
shall
it
as
cial statements-and
the
With
the
the
60
a
amendment
an
of
all
its
of
directors
of
the
p.
the
be
corporation
buildings,
principal
operable
business
34th Streets.
The
Faith
th?
as
its
0:1
sales
the
promotional
publishing of trade
unit,
one
The
contain
total
a
distribution
classified
;
floor
•
The
$100
suburbs,
Alvin
service
-
and i
for
which
proxies
will
then
be
;;v
^
The
'
N.
Y.
t
'
sale
ing
The
corporation
of
account
March 31
Corp,
on
General
vestment
account
revalued
Motors
$32,500,000
$32,500,000. The net
all such revaluation since
its
contra
a
added
amount
1925 1s
holdings
stock,
common
and
The
by
of
in
Bank
Of
Net
residuals (Cr)__—_
Taxes,
than
other
has
oper.
Exploration
costs
*f"?r.'••
• •
725,747
90,886
1,038,083
50,443
20.066
440,714
-
$396,435
481
■
\.
6,135
'y. $590,649
-y
£>7-13,569
inc.
deductions
;
.
income taxes—
79,982
■
|
■
'
div.
rental
'
:
j!
.
■' '.!?••>
..r
$405,445
receivable
for
$263,696
$4,010,560
239,411
77"
7-
>'•"
"
and
fund
accounts—i-,,—,—
$2,571,292
6 %-
each
15,
$750
1.506,539
588,783
2,015,985
supplies—
52,051
—
——
1,014,607
872,478
.
—
7,788
1,578,148
receivable
30,951
7.088
——--—-
will
that
debits,———
be
delivered
"
Reacquired securities
-'7-
;
,2,—
'
''
7'
1
32,813
-
~
26,429
7.
v 7
*
$104,012,991 $80,786,087
units
in
March,
in
year,
this
the
with
VEHICLES
BY
U.
161,771
were
and
S.
455,782
Canada
for
the
for
same
GM
DIVISIONS
1948—Month—1947
1948—3 Mos.—1947
65,937
35,896
35,170
94.969
25,152
19.106
68,394
50,545
19.763
16,615
50.544
44.941
20,303
20,544
72,542
57,740
4,397
11,291
13,035
4,990
20.069
16,394
614
323
1,800
933
6,433
5.228
18,189
14,954
201,191
155,068
95,087
"
&
Coach—
7,831
___
•
'
;
.
Canada—
3,485
—
2,292
8,028
7,080
174,602
547,017
45p,782
*
'209,597
167,
p.' 1587.
-~ut
1
..
.
statement
-
for
7777.7
:
The
interest
The
1948
or
electric output
amounted
12.5%,
of this corporation for the week ended
April 16,
kwh.. an increase of 16,344,989
kwh.,
147,114,430
corresponding week of 1947.-'
Note Issue Approved—
application
in
the
SEC.
will
p.
the
borrow
General
to
net
in
the
form
by
on
stock
OF
DEC.
O'Neil
The
has
stockholders
tient,
that
ahead
of
and
accrued
-
1' ' <
'
t$ll8,480
'
"
$107,629
61,250 7
61,250
16.250
16,250
1.402
2,437
$42,563
interest
paid
(5%')'on
31,
1947
'~7'"'
expenses,
$9,142;*pre¬
for income
of
mortgage
Fission Mines Ltd., Toronto, Can.—Registers with SEC
in
two
In
sum
Cor¬
years.
1948.—V
167
'
Corp.—Capitalization
Increased—
April
keen
elected
Treasurer
to
succeed
Winfred
E.
Vice-President and director.
informed 011 April 7 by William
O'Neil, Presifar this year of
products
sales
as
a
so
other
record volume.—V.
167,
than
tires
are
1469.
p.
Plywood &
Co.
and
Lumber
Co.—Stocks Of¬
associates
on
April 22 of¬
69,500 shares $1 convertible cumulative
preferred
stock (no par) at
$23 per share and dividend and
10,425
shares of common stock
($1 par) at $23 per share.
The
shares offered are
presently outstanding and owned by
Equitable Securities Corp., A. C.
Allyn & Co., Inc., and
Clement A. Evans &
Co., Inc.
$1
of
convertible
holder,
stock
common
stock
mon
which
with
rate
for
is
at
of
time
company,
each
share
preferred
prior
to
of
such
stock
is
redemption,
initially at
rate
of
preferred
one
stock
subject to adjustment, from time to
time,
anti-dilution
ration,
cumulative
any
the
provisions
contained
In
the
convertible
into
so
COMPANY—Company
was
of
com¬
converted,
in
accordance
certiiicate
of
amended.
as
at
shares
share of
incomo-
incorporated in Georgia
on Sept. 26, 1927,
Georgia Hardwbod Lumber Co. its
corporate
title
having been
changed to the present style by amendment to its
certificate of in¬
corporation, effective March 26, 1948.
In January 1948.
in order to enable the
as
company
option,
expiring Jan.
interest
tional
in
the
working
of
common
set
to
exercise
an
1948, to acquire for $3,505,000, a
controlling
Washington Veneer Co. and to provide addi¬
the company
Trust
and
and sold for
100,000 shares of $1
shares
of
capital,
National
Calif., and issued
consideration
15,
stock
borrowed
$2,500,000
from
Bank
Savings Association, of San Francisco,
aggregate consideration of $2,000,000,
an
convertible
cumulative
preferred
stock
and
15,000
stock, to the persons, in the amounts, and for the
forth
below:
-No. of Shs.-
Aggregate
Pfd.
A.
C.
Allyn & Co.,
Clement
A.
Evans
Transamerica
Willard
S.
L.
&
Co., Inc.Corp.___-
.
Heinrich.
Buckley__ 1._
Rexford
Black
$590,760
4,430
590,740
1,564
208.600
25,000
Inc.
4,431
29,537
10,425
L_.
Com.
29,538
3,750
500,000
2,000
Equitable Securities Corp
300
40,000
Consideration
2,000
300
225
;
40,000
1,500
;
'
30,000
The
SEC
be
total
were
last year's
of America
payable
provision
maturing
the
from
Georgia-Pacific
year ended Dec. 31,
1947, $16,250
debentures and after deducting pro¬
AS
notes
or
4,905
first
BALANCE SHEET
borrow
Increase
■
Telephone
stockholders
common
John
.31,832
$43,538
$57,465
2V8%
$5,820,000
Fouse, who continues
134,614
-
shown below:
and
to
to
so
for
of
$41,798
order
fered
revenue
income
of
in
21 approved an Increase in the authori¬
2,000,000 to 3,000,000 shares and in the
pre¬
ferred stock to 400,000 from
250.000 shares. The board was increased
to 11
from 9 members with the
election as directors of T. A.
Boyd,
Vice-President of the Company, and E.
F. Chinlund, Vice-President of
R. H. Macy &
Co.r Inc.^-V. 167, p. 1469.
zed
4,300
-7—-
gross
permission
banks
!
option
in
requesting
commercial
subsidiary companies, was approved April 16
by
borrowings will be done over a pe»)od of 18 months
1694.
The
years
8,830
7
as
from
its
represented
will
corporation,
$8,000
in
The
be
of
of
excess
investments
and
1946$278,981
139,392
■
to
over the
General Tire & Rubber Co.—New
Treasurer—
calendar
1947, 7
$307,368
,'
General Public Utilities Corp.—Weekly Output—
;
to $22.50.
$363,046;
surplus
arising
from .purchase
of bonds, $447,122;
surplus'from operations, $151,162; total, $2,211,644.—-V. 163 p. 2005. •-
per
Total
—V.
J. L.
34,686
360,970
In
compared
174,602
in
647.417
"
.
327,093
MOTOR
Total
An
shares
plus,
!
trucks
March,
and
7,183
of
not
taxes, $4,300; note payable
13-year 6%
debentures, $122,500; 15-year 6% income
bonds
due
April
1,
1950,
$1,083,375;
13-year
6%
debenture,: secured by deposit and pledge of general mortgage bond
of like amount due April. 1,. 1947 with trustee
(less $8,802 due from
holder applicable to period from June
15, 1947 to Dec. 31, 1947),
$7,448;' $3*;-cumulative
preferred
stock
(par
value
$1
per
share),
$12,215; common stock (par value $1 per share), $9,240; capital sur¬
first
'
of
trucks
76,937
Truck
poration
notified
1948.
bond,
—
income
-
holder
to
1946
30,835
Notes receivable
and
March
on
for
miscellaneous income
repairs, etc
LIABILITIES—Accounts
2,001,163
Special deposits
Prepayments
Total deferred
business
amounts,
paid rentals, $2,094;
1,251,845
OF
>
yi: Trucks
its
ASSETS—Cash in bank and on hand, $121,840; accounts
receivable,
$166;. D,..S. 2Wo Treasury bonds of 1972/67, $76,954; property and
equipment (less reserve for depreciation), $2,003,547;' prepaid insur¬
ance
and deferred charges, $9,137;
total $2,211,644.
185,067
1947
v''.'
f
Materials
of
depreciation
!7~
$2,756,359
and
cars
month
and
compared
Passenger
time
*
*
1,014,790
$3,623,642
GM
par)
mortgage
bonds, and
taxes
with
respect
thereto, the balance earnings from operations as of Dec. 31, 1947,
amounted-to $151,162.r
BALANCE SHEET, DEC. 31
U. S, certificates of indebtedness—1_——_——
Accounts
adding
rental
330,073
GMC
regis¬
a
authority vested in the directors under the
15-year 6% income first mortgage bonds, an
on
the
principal amount of these bonds
payable on April 1, 1948 to the registered holders
included
vision
25,625 ;
547,017
Cadillac
■
was
377
debentures™—
Dr57f19l
;
is
•
The
Plant, properties, pipe lines and equipment- $35,091,622 $32,795,342
Total California project———,—,,_r—
62.179,072
42,336,373
Investment
on
$4,067,750
'<$289,321, -.$3,953,715
34,479 •;
7COMPARATIVE CONSOLIDATED
.ASSETS—
and
•
143,015
959,780
passenger
the
cars
production
Bulck ::Ji
$10
:
36,367
$5,071,f?45
*,84,566
VJ439/B24
require.
-Balance surplus
;
available
are
'
'
____7_.7
proportion payable in debentures-,-
Net
/
-V.isr" h-
at
the
expenses,
i
/
stock
Pfd.
fv i'v
will
tiucks.
were
Coaches
shares
Corp., Philadelphia^
'
,
54,234
$5,214,861
2,844 /£■
301,366
74,477
avail¬
as
plants
changing its corporate
again
are
$4,121,984
$376,731
'
date
Trucks
;V;'v
certificates
*!hcl. net rental of ground floor
Less:
'
$594,383
long
as
non-automotive
1947.
Truck
the
Telephone & Telegraph Corp.
unit contemplates
Rental, per lease
7,493
$390,300
3,734
•
jl~'x ('»•:
change
to
common
estate
-
tAfter
income™.
Federal
close
payable
properties
g# 317,583
$5,079,338
to
of
Pontiac
•
Products Co.—To Withdraw Regis.—'
-
15-year
Totdl
unissued
phys.
514,352
944,758
Other income
operation
"
'
•
in
during
produced
truck
fered—Reynolds &
'4
f
but
a
-Net inc. avail, forlst mtge, bond int. & taxes
7
with respect thereto, and deprec. of
f
Gross
T.
trust
of
declared
the
Operating
346,998
$591,130
on
Alterations hot charged to tenants
Provision for income taxes
' 2,941,884
617,175
%
however, hopes thai;
resumption of operations In
company,
the
209,597
168,452
47,826
and
car
OUTPUT
director^
1586.
p.
develop.
fe'lliw liti i jltl' li«
Balance
\
<fe
vote
•Gross revenue, -inch
$8,493,564
170,533
revenues.
running;
i
vehicles
and
cars
year
of
Period End. Mar. 31—
Chevrolet—
1947—12 Mos.—1946
43,653
total
total
period
with-the
securing
Interest
Net
&
''-77-. 77 </:V''-;777
Real
53,170
—
T.
corporation
payment
been
at
.77
Fed.
income
members,;—V. 167,
a
-
7 In accordance
167,
93,033
Deprec., amortiz. & depl.
the
Telephone & Radio Corp., domestic manufactur¬
Comparative Operating
96,303
Maintenance
GM's
for voting
trust certificates upon the
surrender
thereof
endorsed,
to
the
depositary,
The
Pennsylvania
Co.
for
and Trusts, at 15th and Chestnut Street3, Philadelphia, Pa.
interest
as
$807,650 $10,471,548
303,780
4,021,985
493,446
of
Canada
total
Passenger
elected
been
has
"Federal Electric."
this
of
indenture
(Del.) (& Subs.)—Earnings—
1947—Month—1946
Operation
•
stock
properly
For'.the week ended April 15, 1948 the System input of subsidiaries;
of
this
corporation
amounted
to
63,546,000
kwh.,
an
increase
of
$1,302,289
11
will
1
authorized
The I.
stock.
Banking
of Montreal
1947.—V.
York
statement
exchange
Electric Power & Light Corp.—Weekly Input—
revenues—™
20,000
include
to
declared
11,500,000 kwh., or 22%, over the corresponding week of
p. 1693,
New
May
Federal
Holders-of. voting
l|4d.
p.
of
Fifteen^BiHidTed fWalnut ; Street
Pa.—Issues-Anilual Statement—
in¬
A
Period End. Dec. 31—
then
was
-
filed last Feb. 27, covering 175,000 shares ($1
Company said that It considered the present
"inappropriate" ta Offer the stock.—V, 167, p. 1043.
increasing surplus
to surplus as a result of
(Yukon Territory excepted) of The Dominion
Bank,
and The Royal Bank of Canada.—V. 167, p. 1363.
Operating
Some
produced
and
.
Of .the
'
this
States
its
February
March, 1947.
•
Columbia
The company has asked the SEC for permission to withdraw
entry
$233,878,242.—V.167,
of
disclosed.
tration
r
up
on
| /Fiederal. Electric
10,000,000"
writing
corporation
United
with
According to L. A. Miller, President of Federal Electric Co., Inc.,
proceeds from the sale of the stock will be added to working
An executive of Federal Telephone, he added, will be Invited
to serve on the board of Federal Electric
Co., Inc.—V, 166, p. 2660.
7
.;7;;*..7;77/7^7''::7'7
7 "".V-;K7. :: \77»7:77\' ''77
All of the outstanding first mortgage sinking fund A%
bonds, series
A, due 1951, have been called for redemption on April 29, next, at
100 and interest. Payment
will be made at any branch in Canada
,
be
the
capital.
(The T.) Eaton Realty Co., Ltd.—Calls 4% Bonds-
El Paso Natural Gas Co.
it
the
.
\
(E. I.) duPont de Nemours & Co. (Inc.) — Revalues
Holdings of General Motors Corp. Common Stock—
shares
the
subsidiary of the International
■name
-
*
.
of
McDonnell
O.
share to the
a
common
(
that
March Car Production Shows Increase—
i..-7
.
proposal
of this corporation to Federal
Enterprise, Inc.
.7 The
made on May 1, 1948 to holders of record April 30., This
reduces each
$15 of original face; amount«of botes to $13.80.; ;v"' - ' ~
»*
L. E. Yeager is President, and the
company's offices are located at...
York,
permits.
affected.
that ^.negotiations
stockholders
name
.
New
material
also
to Change NAme—
Sells 20,000 Common Shares to I. T. & T. Unit—
The directors have determined that a pro rata payment on account
principal at the rate of 40 cents on each $15 of original face
amount
of
20-year liquidating non-interest bearing notes snail
be
St.,
announced
solicited,
^ Eedei'ai Electric Co., Inc:—Plans
of
Broad
April. 16
on
Cldsmobile
■
-
Vice-President
.thus increasing, the directorate to
Liquidating
r—
Griesedieck, President of
Edward
also
80
$1.15
18S4.
p.
fabricating plants by May 3.
assembly plants will continue
The
Capitalization Decreased—*
Fedders-Quigan Corp.—New Director—
Philadelphia,
areas.
Dredging Realization Corp., N. Y. City
Payment—
;
167;
be
able
:
for issuance in exchange for
outstanding temporary debentures at the
City Bank Farmers Trust Co., trustee; 22 William St., New York* N. Y.
>-V. 167, p. 1256.
■_
charges.?—V.
corporation
these
corporation, and Ivan Fischer,
Brewing Co. on April 17
are
in progress
looking to a possible
-.merger, of -the two companies.—V, 167, p. 433.
Z:'
•/" v/'M'"
' .V
•:'
...vV,'-.'''V-
Dow Chemical Co*—Definitive Debentures
Ready—
Definitive 2.35%' debentures due Nov. 1, 1961- are' now available,
,
and
8'i5,00i>
747,158
—
ty the night of April 23.
The
receipts
of material will permit
the
-
par
announced
compiles classified directories for metropolitan and suburban New-H
York City and other areas
throughout the State, for Chicago and vari- ous
other areas in Illinois, Cincinnati and its
Pittsburgh and other Pennsylvania
747,156'
$1.55
outstanding
share
taxes
1947
$16,213,785
of pig Iron and steel as a
result of the coal strike and that the
employment of approximately 200,000 people would be affected.
Som«
production had already been curtailed and the
foundries, machine
shops and press rooms of all automotive divisions were scheduled to
position to prepare the necessary finan¬
the management intends to publish
a
corporation
Mills>
Executive
1
directory advertising
and
;
year
1,160,000
'
out
regularly scheduled date,
Ealstafl.- Brewing Corp.—Merger Negotiations Oil—
-
,
commercial
It sells
papers.
tbfl
a
194s
(estimated)—
per
passenger
62-year-<old
campaigns,
amount
General
Finance
Corp.—Notes
Placed
Privately—•
Paine, Webber, Jackson & Curtis announced April 20
the private placement of
81,000,000 4^2% subordinated
notes due April 1, 1953.- V.
166, p. 371.
solicit proxies,
.
Donnelley firm is -the
preparation and distribution of more than 15,000,000 telephone dire<v
tories yearly, the sale of directory
advertising, direct mail advertising
and
principal
last
Corp.—Earnings—
shares
to
value i preferred stock was recently decreased from
4.600 to 4,200 shares.- The no par common stock remained
unchanged
at 1,180 shares.
^7
%
buildings, in¬
,
of
the
•
r
The
$1,764,000
of
closed
In
1094.
In Long Island City bounded by
of 181,540 square feet.
area
close
natural
days.hence) 'Of
—v.. 167,
a
two and three-story structure bu It in 1925, a
three-story
one-story buildings completed in 1936, and a two-story struc¬
building in 1943, occupy about- half of the land area, with the re¬
maining space used for a paved parking area and a truck-loading
five
the
of
$17,760,000
"After
SEC
transfer
corporation's annual report for the year ended Dec. 31, 1947, and
advise stockholders of the date (expected to be not more than
the adjourned annual meeting for the election of
.will
two
The
at
Vorlr,
New
$1,557,000
to
profit
Capital
ture
court.
outstanding
totaled
Earnings
Ward, Jr., Chairman of the board, on April 14 announced
been found to be impracticable to hold the annual meet¬
ing of stockholder^ of
cluding
and
trustee, 70 Broadway,
had
^
'Net
'
namely,'April 28, 1948.
.
five buildings and improvements in
corporation purchased the property last
the Pepsi-Cola Co.
site constitutes
against
as
Franklin Stores
Sales
,
C The
Co.,
13,196
7,066,272
Fairchild Engine & Airplane Corp.—Meeting Postponed
■
J.
and
The
13,196
8,839,872
—_________
Trust
company
General Motors Corp.—Curtails Production—
I
ri
finance
9,934,451
liabilities.' -r
.
used
construction—™—..
&
the
Net
transmission and
distribution properties
in Pennsyl¬
vania to. its subsidiary; the Equitable Gas Co.
In lieu of the issuance
by .Equitable to Philadelphia of $14,000,000 25-year 3V2% first mort¬
gage bonds, Equitable now proposes to issue and sell at competitive
J kidding' $14,000,000 25-year first mortgage bonds at a rate and
price
to be -determined by competitive
bidding.
borrowed $1,200,000 from The Mutual Life Insurance Co.
of New York on a first mortgage note, it was announced
of
of
7
fiscal year, June 30, 1947,
$4,164,751. which Included $804,340 cash, while
current
$1,807,128.
profit for the year ended June 30,
1947, after charges and
taxes, was $2,824,391, equal to $8.06 per share,
compared with $1,398,890, or $3.99 per share, for the preceding year.—V.
166, j). 1060.
\
amounted
502,892
•
1,403
10,743,221
assets
liabilities
gas-producing,
*
r
•
a
.(Reuben H.) Donnelley Corp.—Borrows $1,200,000 Pri¬
vately—The corporation, large direct mail and advertis¬
ing company and publisher of certain trade papers, has
Proceeds
aid
surplus
The- Philadelphia Co. has filed
plan .filed last winter proposing
/
*.
,
April 20.
164,715
Equitable Gas Co.—Possible Financing—
;
2418..v~
p.
in
_
last,
trust
6s,
9 Months Ended Mat. 31—-
„:
per.
the.bass
current
166,
1,152,055
depletion.™-
Bank
30,
Current
c-v-—01-2,991 $80,786,087
V., 167, p.
p',': "■
quartety,/
cents
18.
$4,166,220, .on
$4,929,964 ;>f
current
assets
and$763,684
<"American Wool and Cotton Reporter.")—V.
493.957
1,154,112
&
Redemption—
earlier.
----.186,984
'J
601,678
«>nstruction__:Jii^l.1-,
amortiz.
June
collateral
425,000
760,972
debt
on
for
Hanover
Y.
At
Total
a'share, on the common stock
1947 by Montreal Cottons, Ltd.
working -capital
in
premium
advances
N.
316,000
—
for, deprec.;
Central
4;
>
com-
dividend)
March
of
Earned
8,500,000
-
Contributions
j.-
36,000;000
12,075,000
:
shares
of
cents
13
also
cents
15
shareholders
common
but
Reserves
Textile
.
A .net
j
common
the present holders of Montreal Cottons'
shareholders
Textile
signed
Cottons'
49,437,000
_______
to
accrued
Customers'
latter" s
6,664,014
2,119,536
675,000
6,664,014
.payable
Unamortized
share-for-share-
a
Montreal
letter
a
Taxes
11
The company has called for
redemption on May 17, next, through
operation of the sinking fund, $620,000 of
20-year 6% collateral truft
bonds due
1966, at 103 and interest.
Payment will be made at the*
2,500,000
stock_.U4——___675,000
Interest -accrued*
controlling interest
a
shares on
to
by
18 entitled
paid
offer
accompanied
was
before March
to
for
containing .the
prospectus
share
some time
has offered to acquire
exchange
*
^
•
associated. "
stockholders
mon
in
Minority
well known, the rayon production of x Montreal Cottonte
by Dominion Burlington Mills, Ltd., w.th which Dominion
•
,•
-V
j-,
marketed
is
Textile
which has for
Cottons, Ltd.,
stock
common
to
<;v-
Francisco Sugar Co.—Partial
$7,506,000
$7,500,000
bank-.,:—
Miscellaneous long-term debt™_;
Notes payable to"bank..l___^
-
V:
Stockholders of Montreal Cottons, Ltd.—
$100)__
2,119,536
Premium, on common stock
3<;'o '1st mortgage pipe/line bonds
,s
recommended
News") .—V.
■,
TCv,
•
•
reorganization.
the
(par
(par $100)
stock'($3 ;par)
,
Mandeori
preferred stock
cumulative preferred stock
CQihmon
money
(1807)
.
4.10%. cumulative
that the
of
COMMERCIAL, & FINANCIAL CHRONICLE
company on April 16 filed a
registration statement with the
Covering - 200.000 shares of treasury stock to be offered at $1
Underwriter, Mark Daniels & Co., Toronto.
Proceeds will
share.
used
for
mining
and
business
costs.
Total
—
—,
Arta
loooA/y
The
69,500 shares of $1 convertible cumulative
preferred
10,425 shares of common stock so purchased
by
AAq
stock
/'
&n<|
Equitable Securities
■i'V
12
H'.gh
Corp., A. C. Allyn & Co., Inc., end Clement A. Evans & Co., Inc., (yerc
acquired at an aggregate cost of $1,390,000.
'
'
»
The
v'
tained
""CAPITALIZATION
/
'■
1 '
v\'
capitalization of the company
amendment
of
certificate
its
as
of
incorporation,
CONSOLIDATED
Authorized
$2,500,CCQ
,
The transfer agent for the $1
Net
'
domestic
the
sales
tax
(disc.,
and
foreign
markets,
YEARS
"
'
i946
v
;
5,387,668
conversion
sales
"Provision
" r
Int.
ti
for
of
55,500,654
1)0,680,600
—.—
refinancing costs-
1,286,1172
charges
Prov.
for Fed.
Inc.
& for.
for
inc.
taxes-
carried
to
surplus
5,500,000
Div.
paid—on
23,231,063
*1946
2,000,000
6,541,600
5.887,440
'
"
;
$16.18
$17.69
obsolescence;. 1945
reserves)-—-2,712,580
distributing yard and waiehouse in Boston, Mass.
of
$684,385, 15,733 shares of the common stock (par $1) of Bellingham
Plywood Corp., and thereafter acquired, for $24,577, an additional 565
shares of such stock, the company's total holdings of 16,298 shares
amounting to approximately 80% of the total number of shares of
common stock outstanding.
In addition to its common stock, Belling¬
ham Plywood Corp. has outstanding
17,843 shares of 5% cumulative
stock
preferred
On
Jan.
of
the
issued
Veneer
Dec.
the
Co.
31,
1947,
the
company's
Veneer Co.
co"t
excess
shares of stock
the
of
consolidated
'
23/;i%
first
Fed.
&
.
mortgage
bonds
due
1965
par value)
/i
—i
Common stock (1,308,320 no
surplus
——
//-//r
'
•
doubtful
accounts,
Blair
&
Co.,; Inc
Hayden, Stone & Co
.'—-
:,
7,000
.
.7,000
-•—
—
—„
.—Z
3,500
——
Johnson, Lane, Space & Co., Inc.,-*.Sutro & Co
'
3.500
———,—2,100
Crowell, Weedon
&
Co.
Harold H. Huston & Co.—
—
3urr & Co.,
A.
M.
Inc.,.
Kidder &
——,•
;
Bond
<fc
JVC.
Bradford
M.
M.
Goodwin.
Inc
——
Co
&
/.,—
Inc.—
|
i
[Georgia
'
——
INCOME
Sales
Co.
subsidiaries
and
-V---——,r
1150.
doubtful
accounts—
Gross
profit
''
Other income (interest and
sundry receipts),,
(Including
-....47,648
•
——>
/
>
The Geomertic
Ended Dec. 31—
Tool
v-
Co.,
Wholly-Owned
1947
'
from sales
4
'f
*
'•
*>
Total Income
—
/;—_/.
on
income,
■/-
-
4,713
.
•,
—
1,220,000
profit
—1
•
lil—
—
Dividends
$1,907,837
16,896
on preferred stock of sub.—/—
/•:
Portion of net profit of sub. applicable, to. minority interest-.
-
in common
;
)
profit—-s
-V. 167, p. 1439.
105,275
$1,785,666
:
—v.
Week Ended April 7
1948
1947
.-4
.
revenues
$30,650
a—
.
$6
'
preferred
dividends
—Jan. 1 to April 7—
1947'
$687,107 i\
of
C ASSETS—
$639,733
•:
i•"
-.4-
;
statement
of
has
its
been
reported by this company In
business.
Consolidated net sales
1947
After provision
and after
for
estimated
Federal
and
Total
income 1
preliminary
a
all
or
$16.18
per
foreign taxes
share of
standing after deducting the regular $5.00 dividend
this compares with
$17.69
Net
for
income in
reserves
Dividends
stock
and
of
1946
was
$1(1,500,000
a
common
share
in
common
on
on
Income
stock
$5.00-per share on common
dividend of $1.00
paid at year-end.
$5.00
stock,
per
the
'
share
latter
of
etc
'
—
—
in
,
(est.)'
341,361-"
;-*;i
•
—
■'*
v
deducting
U.
1947.
S.
Treasury
URepresented
p.
tax
by
notes
230,000
of $123,250
shares
on
and
-
46.;- v'r,-
/
1946
A.
including
Continental
the
most
a
■
Co.
above.—V.
156, p.
1952.
*
"
/
.
Continental
Oil
Co.
above.—V.
156,
p.
G.
*
water
from
in
parts
,
sale
electric'
of
energy
or
the
of
Ethyl Corp.,
steam
utilities.
All
*
the
with
the
exception
Interconnections
of
are
both
Rouge.
long- '£
and
requirements
Co.,
other
3
Texas.
or
of
Oil
and
Alvin,
electric
and
of
the
located
La.
large
refining plant
its
near
These
energy requirements of]
than half of the steam
more
of
the
Louisiana
contracts
have
generating"
recently been
under
both
contracts
have
been
increased
bv
total
population of
(including
estimated
1947.
year
from
combined
the
91.7%
eleetric
113.000,- and the company supplies water
Lake Charles, La. and Orange
Texa*)
population
of
the
of
103.000.
company's
business,
:
-
operating revenue was
steam sales, 5.7%;.from
underwriters
of new bonds to be
purchased by. each are
amount
Stuart' &
Co.
|Hilf
___—_/—.—$6,200,000
'
Becker &
Co.
Inc.
950,000
Collins & Co
250,000
-
•
95<L00a
Wheejock"& Cummins
500,000
250,000 4
" 590 000
250*000
Inc../——"'200 000:
v...
TT ::
'.
:
1587.
p.
&* B
:
Stern Brothers & Co
.Stroud & Co., Inc._
Thomas & Co.—
the
Jollows:
$250.000'
950*000
Shields & Co
.
/
250,000
^
Co.j/i/——•—/—-
\Otis & Co./'
.
../
500,000
&
and
as
American^ Machine
Co.,
Attleboro, Mass*—
Rights to Stockholders—To Reduce Mortgage Debt—
The
stockholders
/scribe
to
60,000
of
record
March
31
given
are
the
additional
right -to
shares of common stock (no par) at
$5'
will expire May 31.' Proceeds will be used to
retire
outstanding $1,000,000 mortgage note.,.,
y
'
The holder of the
mortgage note, Martin Gold, has agreed 4hat ifon
or
before July 15 next the company reduces
the note by $500,000 V
lie will convert the balance into
100,000 common shares in accordance "
/ with
the conversion privilege.
If $300,000 is raised through'the Bale :
of
the
stock, company intends to make available bv *
borrowing or otherwise-the additional $200,000 to pay the
mortgage In full.1 ' "
'*•
per
all
.
and
gas
gas
167,
H
-Jy
.
the
gas
—v.
; \
Group No. Z Oil Corp.—Proposed Consolidation—
1952.
share.
/-.
Rights
EARNINGS
-
FOR
CALENDAR
YEARS
'-j^
"
Gulf Oil
part
the company's common stock.
Oil
Louisiana
extending
purchase of power with two - other
industries.
Company supplies under
certain
all
Dempsey & Co
Gregory & Son. Inc
—■
.
central
and
the east, a distance of
on
extending the original terms of the contracts to Dec.
lr
May l, 1960, respectively, whereby the maximum
combined
the
Julien
and
stock
Group No. 1 Oil Corp.—Proposed Consolidation—
See
preferred
with
Baton
Inc.
$8,409,471
in
south
miles
interconnected,
at
exchange
demands
principal
2,887,478
common
from
is
property
the
communities
Halsey,
_____
$8,148,720
in
kw.
■
an
855 899
_____
and
including
business, and 2.6% from the water business. /Of the
electric
water-operating revenues, 48.4% and 49.8%
respectively were
from within Texas and
52.0% and 50.2%
respectively from
within
Louisiana^ The gas business is conducted entirely in Louisiana.
UNDERWRITERS—The name,- of the several
2.129.778
3,340,644
•4'«-
—
of
any
series
terms of said
and
896,554
855,«00
„
the
modified.
is purchased from the Interstate Natural
Gas Co. Inc.>
distributed in the City of Baton
Rouge, La. and vicinity, to an.
6
the
,890,000
<
to
derived
179,362
2,129,778
f
in
at
and
In
/
$378,906
183,503
:
and
square
cooperatives;
system
energy
43,000
191,494
—
bonds
pursuant
oil
Redpath
" 835,000
—
—_1—■
par.—V. 167,
no
for
Standard
derived
272,864
Texas
27.500
Auchincloss, Parker &
taxes
.J-;
tAfter
of
The
^Eg rcpfeblshed by -the end-of 1947," and reported that taxes, ex¬
cluding^ domest'c sale? taxes, applicable, to. 1947 amounted to $48,327,per share
payroll,
and
of
company dated
by stockholders'
and
electric
$8,409,471
$189,670
modified
issuance
supplemented
derived
the
electric
isolated
and
estimated
45^248
/'
$8,148,720
'
—
Total—
See
for
006 and equalled
$36.04
_—
—
$497,596
out-
Signed by DaVid M.
Goodrich, Chairman, and John L. Collyer,
President, the report stated that "the war-deferred,
demand for rub¬
ber products
_was largely satisfied and inventories
■
,,
and
time
the
of
was organized! Aug. 25, 1925
principally in the business of generating
transmitting, distributing and selling the same
electric
rural
contracts
% with
"
alter provisions for taxes
for contingencies and obsolescence.
year were
_l//,
to
plant
and
$1,504,353
1.221,166"; ' 1 564 C9G
2.261,414
2'.567.525
2,723,057
2,691,579
39,533
'
36 069
—52,792'
———-—
*
preferred stock;
1946.
$25,207,871
raldyduring the
of insurance
[^Capital stock (no par)^.
Surplus
$23,-
charges,
value
charges—
9
Natural
~',-
-
50,000shs.
2,182,820 shs.
the west to Holden, La.,
Company also sells natural
chemical
v
.1940
^50,000 shs.
mortgage
on
pumping
small
1961
DEC^ 31
1947
'
.
120,000 shs.
.
directly
well
amended
$1,850,758
3%% sinking fund note
iProv. for Fed. inc. & excess
profits taxes
Reserve for contingencies
providing for reserves of $6,500,000 for possible inventory
declines, inflated cost of property additions and
replacements, f
foreign losses end other contingencies, net income amounted to
after
r
_/—
/
15-year
price
231,063
surrender
Deferred
Accrued
In
amounted to
with $361,471,149 in 1946, an increase of
13.5%.
$4JQ,180,839, compared
Cash
Accrued
net
1946,
•
-
as
,
,
'
5,000,000 shs.
par):
of
the
to
southeastern
miles.
contract
LIABILITIES—
Greatest rubber .consumption In the
company's history, reflected
highest sales for any peacetime year, but with 7.8% lower
in
-
(less reserve):
Accounts payable
(B. F.) Goodrich Co.—Annual Report—
than
»
v;
-
'
_—.—
receivable
'
-
v.
r
12,000,000'
1,700.000
area.
station
$1.76
Inventories—
±
Property, plant and equipment (less reserves)—
Cleveland, O.—Expands Plant Facilities
a
-
350
for
time
approximately
and
104,806
$4.70
'
CONSOLIDATED CONDENSED BALANCE
SHEET,
.
$300,000, .expansion program at the company's
San FTancisco,
Oalif.; plant was'announced by E.- L. Ehrke, regional :
director, on April 15/ The new facilities include, a plant
designed for
manufacture of alkyd resins and
for .varnish and oil processing.—V.<;'
166, p. 1787.
■■■■-.. -.
■
$3.32
/
'
engaged
and
the
$410,314
81,924
>* 275.946
276,000
share———
of
BUSINESS—Company
is
in
area
utilities
/-/—w;
-
per
Accounts
".
-
AND
ana
maintained
*1,615,000
$1,081,773
——
portion
120,000 shs.
...
supplemented
limit
energy
company's
323.803
785,000.
'.•Includes provision for-refund due to rettegotlatioiL' "'"
1948
$43,700
205,622
625,000
of
the, probable
the
program,
and
leriel
present
to
as
industry for refining, pipe line pumping,
drilling.
Production of chemicals,
including
synthet/c rubber, also constitutes an imoortant
industry.
The ter¬
ritory served includes
districts
well
adapted
to
agriculture;
rice,
cotton, sugar cane and produce are grown.
Cattle, lumber and salt
are- other' important
products of the territory.
Company sells, for
resale, electric energy to 8 municipal systems
serving a total popula¬
tion of
approximately 25,000 and part of the requirements of another
$2,349,117
;———$765,355
dividends/'
profit.
Cash
Glidden Co„
an
the
$2,028,296
.
the
upon
expectations
par)
indenture
currently
$2,313,727
35,390
Cr44,10O
Earnings
167, p. 1694.
Completion
Texas
system;
2,103,844
——,
Common
Period—
Operating
:
the
provide
steam
'•
Georgia & Florida RR—Operating Revenues—
/
-
require
of labor
n
»
$1,983,135
45,161
Provision for Federal income taxes
Transfer from fcontlngency reserve-Net
Net
income
Other deductions
(no par).
by
from
Esso
Gross
Net
the
Tne company sells electric
energy at retail in 271 communities and
surrounding
territory
with
an
estimated
aggregate
population
of
630.000, including the cities of Beaumont, Port Arthur and
Orange,
Texas
and
Baton
Rouge and Lake Charles, La.
A major economic
factor in the
territory served is the production, transportation and
refining of oil. Approximately 13.5% of the
company's total operating
revenues
is
1945
2,082,768
Other inepme —-—————
availability
2,000,000
stock
such
of this
.Or
$1,467,606
57,857
.L—
<
subject to many uncertain '
(issuable in series)—
Deanville, Texas,
$4,338,897
2,025,170
expenses
Net profit from sales—
of
program
'"$27,000 000
pfd.
HISTORY
Beu-
$1,525,463
135,108
Selling, general and admin,
$3,132,555
—
and
.r
1978—12.000,000
($100
term
!
Z———
is
the
based
construction
cum.
in
'
Interest pMd—./■
Provision for taxe3
div.
electric
'/5"
Subsidiary)
$4,091,977
current
1, 1926 as
resolutions which
im*;
an;
•
1946
$3,550,374
certain
release
inclusive, is estimated to
that
contemplated
indenture of mortgage
K, K.
'
7»1
of
after- acquisition,
'.
construction
1951.
($100
and
*
and
w.thin
and
,
industry.
Gross profit
the
Sept.
and
[[After
1947
Greenfield Tap & Die Corp.^~Annual Report—
$3,084,907
:
in
The loan carries sinking
'
to
estimates
costs
•Authorized
on
i
Years
of
comprising
kema, is President.
8,411
—-—
—
and
Common
To Decrease Preferred
—
1948
cum.
of
t
#,
PROGRAM—The
$4,50 div, pfd. stk.
.
liquidation Value
or
from
or
chiefly
months
the
stk.,
in
——
for
1946.
The $250,000 w'll be used for general
corporate purposes.
The company has its plant in Grand
Rapids, iMich,, and ,is
factor in the window control hardware
Export charges, freight^ tales, discount and
allowances—2-/'.1,350,296
cost of k$:es__jl
_±.
:
17,633,592
Selling, general and administrative expenses,—
i—
1,798,776
Provision
$4.40
previously stated value of $60 per
by the amount required for"this
portant
$24,075,982
—-
call
indenture
12
net
years
Series due
reduced
mortgage 4 % bond due 1955.
fund provisions.
(consolidated) viz.:
Georgia International Corp.; Moore, Reid & Co.; Mill Store, Inc.,
."'"7
.V. .and Bellingham Plywood Corp.]
Lumber
the
.
the
within
.
Grand Rapids Hardware Co.—Bonds Placed
Privately
—The company, it was announced April
15, has placed
with
New York Life Insurance
Co. a $250,000
first
STATEMENT, YEAR ENDED DEC. 31, 1947
Hardwood
of
was
in
(consisting
whole
a
..
250
100
/ 700
depreciation
in
'a
-
May 11 will consider reducing the capital stock
by eliminating 43,322 shares of 5% convertible preferred
stock, which
have been converted into common stock.—V.
167, p. 1469.
100
-
instead
surplus
The stockholders
100
700
tAfter
$76,841,588
establish
not more than
;
over
10o
.700
——-
-
Morgan & Co
•
700
———
—
Freeman & Co.,
I
1946.
and
to
payable In
construction
expeditures
which
will
be
financed
through the "[
Issuance of additional securities
may-aggregate $57,000,000 before the
end of
1951, including the sale of theSe $12,000,000 of new
bonds
The nature, time and
extent of the additional
financing will be de¬
termined
in
the
light of the circumstances and conditions
existing
at the times of the sales
of the securities.
/
.
Vf:'-
250
1.750
-
in
1947
Grnham-Pai^e Motors Corp,
250
1.750
'*•'
*
in
deposited
fund
such
:
300 ?
1,750
—
-
—
;
share
per
Earned
purpose.-^V, 167. p.
300
i
$100
share.
;300
2,100
——
—
Co
Stein, Bros, & Boyce
of
300
2,100
2.100
—
Marshall & Co.—
Sills, Minton & Co. Inc.—
—T—————
$3,991,549
$80,507,021
NOTE—The preferred stock, in shown at the
1,000
500
500
v:
and
1947
^
1,000
V:
,
.
Maxwell,
allowance
deducting U. S. Treasury savings bills of $17,959,462
$24,435,824 U. S. Treasury savings notes In 1946.
M,
•
earnings
Preferred Stock
obsolescence
indenture
majority of
a
Bank notes
and
cash
such
provided for
the
Company
•
44,280,197
discounts
from
of
approximately $82,000,000. The estimate
factors including cost
fluctuations and
24,721,860
$4,411,009
of
iunti
than
58,141,060
Com.
in
less
materials.
246,721,963 214,985,138
—
for
reserves
(of
.
;
tAfter
not
progress
-
Total
issuance
under
44,280,197
41,203,100
:
——
-
held
56,289,128,
shares)
par
—
their
replacement
■'
-
;
V
time
any
CAPITALIZATION GIVING EFFECT TO PRESENT
FINANCING- '
^"'
'
"
'
; '
•
Ati'thoiized/- / Outstanding
1st mtge. bonds
18,810,944
(issuable in series)
—*$200,000,000
:
580,000 5,;;£ -2%% series due 1976.—"
.——••• .28.000,000
590,000
.
3,375
1,700
10,700
bids
redemption), from cash in the maintenance
35,000,000
24,305.858
(issued 412,031 shares of no
at
PURPOSE—The
139,290
45,000 000
Pfd.
'
Other
or
CONSTRUCTION
534,000
3,143,850
—
•
21,350
101.22.
due April 1, 1978.
Interest payable on April" 1
agency of company in New York.
Bonds will
option of company in whole or in part at
company for the
.
32,777,787
,—No. of Shares—
,
Reynolds & Co
Walston, Hoffman & Goodwin——
of
proceeds will be used by the company for its /
corporate
purposes,
including the payment of its
present:/
short-term
notes
in- the
aggregate
amount
of
$4,500,000
and
the V
financing of a portion of its 1948 construction
requirements.
/
.i
,
1,365.000
-
foreign income taxes
$5 preferred ctock
several
the
of
names
X " ')
;•
bid
a
general
^ 2,490,714
30,544,830
/,
Reserves for contingencies and other purposes—
Reserves for pensions ——
underwriters and the
respective aggregate numbers of shares of convertible stock and com¬
mon stock to be
purchased by each are as follows:
UNDERWRITERS—The
for
Earned
'
^
,
(foreign) ————/--——/
payable: and accrued-/-/---//.
UProv.
Washington.
of
.
_
on
.
*''
63,188,401
.
acquired over
so
assets
net
r'
LIABILITIES—
.
Bank, loans
company
equity in the
its subsidiary.
and
20
were:
outstanding common stock of the
company by any public body, agency,
.instrumentality or authority, or
-r.;any non-profit cooperative body or
any nominee
thereof, at ..special
redemption prices, the initial special
redemption price being 101.75,
;v plus accrued interest in each case.
246,721,963 214,985,138
——————————
Accounts
acquired for $3,505,000 from the
of Tacoma, Wash., 35,050 shares (50.07%)
and outstanding capital stock (par $10) of Washington
Of the
purchase
price, $1,153,833 represented,
as
of
16, 1948, the
Weyerhaeuser Timber Co.,
of
Total
'
$25)..■ '
(par
April
3s
1948;
office
with
moneys
2,-527,068
JLand, buildings, machinery Si equip, at cost"—
75,122 383
Deferred charges to futurq operations—;
114,706'
consideration
cash
for
insurance moneys)/ or. as
includes
——
a
sale
1,
at
1
redeemable
and
$7.84
.
for anticipated
.
for
the
against any installment
12 months after the date of
2,938,655
stock
share/—•
includes $5,000,000
Oct.
nection
2,060,155
.
acquired,
v
awarded
was
at
credit
12,313,501
' 2,060,155
25,207,871
' 2.060,155
$9,180,200 unamortized cost, as of Sept. 30, 1945, of'facilities acquired
City, N. C.; Walterboro, 8. C., and Aberdeen, N. C., respectively,
under certificates
of
necessity. ;J ^Includes $1,202,914 ■ premium and
which manufacture lumber and timbers cut from southern pine, south-:y
accelerated amortization of discount and expenses on bonds redeemed,
crn
and Appalachian- hardwoods and cypress.
In 1947, these mli.s
t After
deducting $2,080,000 cancellation J of '-tax provisions of prior
produced approximately 60,873,000 board feet of lumber.
years.
^Appropriated-for -possible inventory /price declines, inflated
The company's plywood manuiacturing activities are carried on hi
cost of property additions and
four plants, owned and operated by the following partly owned sub*
replacements; foreign losses and other
sidiaries:
contingencies.
i.*.'•!
^ 4. •
V
Ee'linghfm Flvwood Corp.
(79.9%
owned),- one plant'.at
v,, • vt
,'
CONSOLIDATED BALANCE SHEET D&C. 31 ♦
Bellingham, Wash.; Washington Veneer Co. <50.07To owned), two plants i
,Vsi v "
at Olympia, Wash.;
and Springfield Plywood Corp. (a partly owned/- ''si ASSETS—
;"'.i'J947'• ;:.i 1946
160%] subsidiary of Washington Veneer Co.); one plant at Springfield,,
»f.
' '
1.
»-/iv-'* ,•-< .>•
Ore.
Washington Veneer Co: also owns and operates a lumber mill
Cash
i—
; 24,486,3C5 "1C.P11.316
at Olympia.
In 1347, these plants manufactured approximately 177,U. S. Treasury notes
———12,131,586
593,000 sq. ft. (%-inch rough basis) of plywood.
-'-v .4
tAccounti and notes receivable-k-'——7i_—52,345,522
45,304,925
In 1947, the company constructed a planing mill at Aberdeen, N. C.,
Inventories, at lower of cost or market-_L/_—88,940,417 ' 78,531,128
which commenced operations in February of that year, and opened a
Invests, and misc. receivables (less
company
V
prior to maturity on at least 30 days' published notice at
regular re¬
demption prices,the initial regular redemption
price being
104.75;
V bonds will also be' redeemable upon like notice
by the application of
cash in the sinking and
improvement fund to be provided tor in con¬
—;——'
account-
common
Earn, per common
be
>:
541,865
22,780,000 131,243,000
6,500,000
sh. pfd. stk./-l
pd.—on $5 per
15,821,994
Tabor
the
issue
Dated April
::
and
12,646,723
726,112
19,813,000
contingencies
DiV.
company and a wholly owned subsidiary (Moore, Reid & Co.)
and operate eight lumber mills, located at.Cleveland, S. C.; Dumas,
Ark.; Fairfax, S. C.: Jackson, Miss.; Steelwood (near Mobile), Ala.;
1947,
"*
,1-
Kuhn, Loeb & Co., 101.03; Lehman
Bros.," 101.0299; Salomon Bros. & Hutzler, 100.938009; Merrill
Lynch,
Pierce, Fenner & Beane and White, Weld & Co.
(jointly), 100.909;
Stone & Webster Securities Corp:, 100.907.
i *'
42.237,045
995,186.
*1,217.216
:
.>■
May,
The
received
?:
270,934,260
50,586,791
7,289,788
expenses
depreciation
amort,
Other
The
In
i
'
5,655,575
298,396.340 250/402.257
—
ti admin,
gen.
cwn
,
*
V
Hit
—
and interest.
/'
413,234,233 366.858,817 377,738,388
——————
'•
'•
—
000,000 first mortgage bonds, 3% series due 1978 at 101.75
.
3,053,394
•
»*
a
..
Bonds Offered
Halsey,
Stuart & Co. Inc. and associates on April 22 offered
$12,-
410,180.839 361,471,149 372,082,813
—
i'
Gulf States Utilities Co.
"V?
1945
'i'V
excise
;
income
of
JProvision
products.
CALENDAR
FOR
..
■;t
♦:
-.
.
Cost
subsidiaries are engaged
distribution, in fcolh
plywood and other wood
lumber,
of
&
——
income
Selling,
wholesale
and
transpor.
deducted
i> 'Total
convertible cumulative preferred stock
New York, and
manufacture
ACCOUNT
"
there,
',T. $
HISTORY AND BUSINESS—Company and its
in
INCOME
research
•
Other
and the common stock is City Bank Farmers Trust Co.,
file registrar is Chase National Bank, New York.
*
primarily
fundamental
first 20 years.—V.
-
■
-
*100,000 shares of common stock reserved for issue upon
of the shares of $1 convertible cumulative preferred stock,
in
v'-.v:r/v.-.''■vr.1947 ^ ■v'
/•■•••/-
Outstanding
$2,500,000 ^
"j'U term loan
.
>2.25 cum. pfd. ftock (no par)—/—.
33,350 shs.
30,000 shs.
V 100.000 shs.
$1 corn. cum. pfd. stock (no par>
:
100,000 shs.
:: *500,000 shs.
205,000 ehs.
Common stock (par $1)——.——.—.
•
,
activities
that amount may be made in any year by paying a premium of
1%
such excess, if such excess -payments occur in
any years of the
187, p. 1694.
; * v
'
't
of
/ upon
company's new Research Center at Brecksvllle, Ohio, is nearlng
report noted. The B. F. Goodrich research staff will
its
tinue
at
completion, the
concentrate
Co.
Obligatory principal payments begin in 1969 arid conin equal annual instalments until maturity on April
1, 1973.
j'•
Principal payments not exceeding $15,000,000 may be made in
any >
year during the first 20 years without penalty and payment In excess
1
the report stated.
New manufacturing
Tuscaloosa, Ala.; wheels and brakes at
year,
tubes
Monday,- April 26; 1948
Insurance
;
»'V":
The
f,
r
.
the
and
tires
CHRONICLE
in all divisions of the company were sus¬
of operations
throughout
FINANCIAL
Troy, Ohio; plastic materials at Marietta, Ohio; Geon resins at Louisv.lle, Ky.; and American and crude rubber latices* in Los Angeles,
Califs, began operations.
; „/^
adjusted to give effect to <i)
effective, Jan.;J3,
11948, authorizing 100,00<J share3 (no par) $1 convertible cumulative
.referred stock
and
increasing the authorized common;-stock (par
.1)
from 550,000 shares to 500.000 shares,
(U> the borrowing, on
'Jan. 15, 1948, from Bank of America National Trust and Savings
Association, of San Francisco, Calif., of $2,500,000, repayable in 24
•equal quarterly instalments, commencing April 15, 1948, and (in) the
issue, on Jan. 16, 1J48, of the 100.000 shares of $1 convertible^ cumu-:
ntive preferred stock and 15,000 shares of common stock, is as >o.lows:
he
levels
facilities for
•'
f;
COMMERCIAL'. &
THE
(1808)
loans
Corp.—$34,000,000
corporation
totaling
$84,000,000
such-payments
wi
with
interest
announced
were
at
the
in
April
from
rate
3%
of
15
principal
derived
a
•
.
Net
that
it
amount.
25-year
had
paid
off
bank'
,
Net
sales
ineome
obtained from the Metropolitan Life
-
•"
.-"1947
———.I—347,326
Number of common shares
funds used for
the rame amount y Earned per share_/^:/i//_—
The
loan of
'
—$8,5°7.^03
'Deficit.—V.- 167, p. 1470.
;
//
~
;•
1948
•
$4;006,223
182 982
162,949
A2J3-,—
'
?
97*861
—
%—Nll
...
;
1^.'-"'.-
V
-lis
•(1809)
*
.Gn Feb, 1, 1948, there-were 430 branch offices located hi 2$6
of 26 states^and 8 Canadian' provinces. /•
4 "
4
Halliburton Oil Well Cementing Co.—Files Issue With
SEC—
.A;,■:
;
'
4
*
The company filed, April .20, a , registration,-statement with the SEG
covering 730.000 shares of common stock-(-par $5). 16 is expected that
a. public offering, of. 680,000 of the shares will, be made by an undery'riting group headed by Lehman Brothers and Blyth & Co., Inc., about
the middle, of May., of, the shares
registered, 50,000 are to be-offered
i
direct, ta the employees of the company,
The company is primarily/an oil and
such
gas
oil well cementing;
as
-
trical weir services;
The company also
and for sale to others, a wide variety
well service company and
testing, acidizing and elec¬
oil field
specially designed
of
tools and supplies: at operates in 19 States in the United States and
its sendees and products are sold in
practically all foreign countries
where pit haa been found.;
.
<A; r
asset in-the
^
j
•
capitalization consists of 1,312,00(1 shares of out¬
standing common stock and $3,000,000 of 2VtVc. serial notes due 19491953. •;
A A'AA-a''*■ .V AAA > 'V-J
>;■/.A A A.,? ■■■"•; AA: \ A'/
i For the fiscal year ended Dec. 31, 1947, the company's consolidated
company's
SUMMARY: OF
,
income4 from-
Gross
CONSOLIDATED
INCOME
1947
'
operations:
,.
1945
was
authorized
The shares
j
$4,801,687.
".Av'A /A'1
be sold
ro
owned by
are
A'-A'^vAAa.,
z>;/;,'A;Ai
certain stockholders of the
any
ttock.
*
■
'
-
•,
•
income
Net
♦Provision
com¬
dian
its- principal executive, officer,, and
of the proceeds from the sale of the
*
Rudolph
M.
has
Kant
Beckwith
been
continues
as
elected
President,
to succeed
succeeding Calvin M.
C. Beckwith, retired.
Prank
director.
a
'
Sales Increase Over Year Ago—
Sales
the
in
first
quarter
year
,
ahead
were
*
tfi
of
Net
Herbert
following
on
on
Dividends
$2;693,270
said
on
cominon
per
common
Earnings
■
Higher operating costs, however, may affect the company's earnings
period, Mr. Smith said, adding that wage increases granted A
Jast November became
fully effective curing the March quarter,
ror
the three months ended March 31,
1947, the company reported a net
profit of $247,446, equal, after preferred
dividends, to 35 cents per
/
for-the
share
the
on
stock.—V.
common
166,
to
(A.) Harris & CoJ Dallas, Texas—StoGk
Increased—
i
"Commenting
stated
Q>
Cash
the increased
is
demands of
business and
contemplated within
involves
program
the
the
approximately $2,000,000,
The
capital
structure
charter, amendment is
Common stock
Preferred
it
is
to
few
next
erection
deemed
t'wo
giving
company,
effect
follows:
to
to
the
recent
10,443
6,048
$8,173,769
375,010
$5,669,090
375,010
$4,851,948
281,257
327,720
3,034,525
$1.96
stock__„
■
.
share_„.i»^
$3.19
$2.43
Mr.
Kramer
further
and
in
notes
banks
stated
;
.
business
so
Hart & Cooley Co., Inc.—Annual
,
far
during
1947.—V.
refund
——
2%%
Due
•
Dividends received from:
Due
"
JSfn
V
500le7 Mfg* Co
—'-
Fed.
of
—
83,760 v
*
1,042,215
,
*
yeaetal ana
-
incoine-tflxeg^j?1i^;i^...^^
N<?$Jfconie
>aso
680,000
-
ASSETS—«-
480,000
<
BALANCE"/'SHEEIV-DEC-'^l:''"'"AAAa
,r
-
1947
.
*
-
*1$4G
SBisafgr., /;v,*;r:r;,rr
400,000 shaies< Fafnir Bearing -Co...,——A../' * 5,819,982 "
f
'**
1,000 shares
9,993 shares Tuttlc & Bailey, Inc. common
8,219 shares Hart & Coaicy Mfg. Co pfd.
?
j
«■
-
312,153
I,3l6.r:02
320,574
liabilities
7
7
•
5
,
">'■
-
'■V.-:'-' ■■■'A'.
•"'/
Z
^liabilities— ^
'
y
,—^rrr-—T
V
r
•
r
.
NOTE—^The
in
the
4,000,000
' 5,020,934
net worth
above
values
the
of
$9,064,584
shown
as
in
2,000,000
5,673,743
statements
to
•>.;
——
$7,704,176
■
'-".-A1-'A1'
■■'■•••
&
" \'y'y''r ■' .'f '''
Dividends
,
A.
first
below.;.
that
Hemisphere Trading Co.; Inc.—Name Changed—
per:
~Yf ^65, p' 1728,
(it) Hoe & Co.,
Inc.—Buys 71 Blocks of Stock—.
1947
dividend
Joseph L. Auer, President, on April 17 announced that in response
tq .th'o company's request for tenders of its B stock for retirement,*
750 lots were offered by 454 holders, of which 71 blocks were bought
up;$cL$ 10.75 per share. See also. V. 167,
Finance
Henderson, President,
the
1,362,225
year
p.
1694.
loans
Report.—B.
Feb. 14 said in part:
made.
vrerc
They
totaled
E.
The
SEC
'
$295,379,682,
company
covering
erifployees, is planned lor 1948, although the date and details have
charter,provision.
employee sales are
made pursuant to
a
special
/, ■ v.
was pro rata to all common stockholders
giving the right for an 18-day period to purchase
at $17,one new share,/or each 10 shares held.
An additional 220,647
snares were, sa issued;*,<As a result of these two offerings the number
of common shares was increased
.by 270,980 shares and the invested
capital was increased by $5,175,724, divided between the capital stock
account at $10 per new share and the capital surplus account.
r
-
/.Thi-second stock offering
<u
record
'
The
loans
\kvqragc monthly income
were
on
the
persons
or
families to
inccme.
•
"
r
*
,
r
receivable,
not due
69,369
—:
46,980
-
within
30,298
■
65,874
38,753
"2,955,676
362,343
1,191,916
330,113
581,231
———-
*490,255
.
.
1
.
1
^
'25,634
9,042
$6,687^75
$5,414,215-
A
"*';.
4
payable and accrued, liabilities-.—.' • $24,004
-
$35,834
-
150,000
111,468
329,632
623,929
A
64,346
...
.
■
v
affiliated company.-———
•
560,969
(payable 1948-56)..*—': .1,000,000
Reserve for «ontinge«cles—*-—*.L—*—-^—*
*64,346
Common etock (no -par) (issued 600,000 shares)'
1,200,000;
Earned surplus 4_-—-A-—A3,109,350.
Notes
payable to banks
A/A Total
———————AAA-A—A
—^
♦After
reserve
for
depreciation
;
! $6,687,275
1,200,000
2,899,006
$5,414,215
$182,862 in ,1947. and $39,371
of
in;
t After reserve for. depreciation of $236,683 Jn '1947 and $146,8321946. !tAfter reserve for amortization of $1,005,234 in. 1947 and '
A; 1946.
in
$1,012,554 in 1946. ■ § After' deducting cost of U. 3. Treasury tax antici¬
pation notes of $200,000 in 1947 and 1946.
AA
NOTE—The
terms
of
a
bank
agreement dated
credit
Feb. 28, 1947
place certain restrictions on the declaration or payment of dividends.
The portion of the company's earned surplus at Dec. 31, 1947 not
subject to such restrictions amounted to $300,000.—V. 167, p. 47. *
Consolidated net profit in 1947 was $1,379,139, equal to $1.13 per
share, C. Russell Feldmann, President, announced on April 13 In the;
company's annual report for the fiscal year, ended Oct. 31. The profit.*
was
slightly less than 2% of sales./
4
A1
A
$172,078
and
additional
an
A Sales
record
sales
the
filed
($20
a
registration
par)
common
v».
-•
•••
Co.
Net profit did
per
April
declared
16
share, was made on Sept.
which includes the corporation's
sales of $25,139,735, equal to 35%
with divisions in refrigeration,
radio, aircraft, and machinery following in-that,order.
plants
the
CONSOLIDATED
Net
1948—Month—1947
Ry. operating /revenues*.
$1,070,075 - • $960,539
♦Ry. oper, expenses——".,,
726.437 „
630.466
Ry. tax accruals——L-i 7. .155,277
.,
143,912
Net rents payable-—>
21,758 ' ; 29,731,
'*■'
2,194.670
407.491
80.545
,
,
Net ry.
oper.
income^
Selling
'
$2,780,360
• 1,893.869
387.621,
,
/
93,p33,
$156,430
2,238
$409,170
$405,936
3,092
Total
income
3,994
$169,293
——
Misc. deductions
Fixed charges
—
"
-
$158,668
$412,262
1,444
1,201
4,401
45,949
138,273
_J
/r
,.
46,253.
—
$409,930
(
^
INCOME
steel-making capacity-will involve,
^
.>/ .
-* ■'r^
ENDED OCT.
FOR YEARS
ACCOUNT
31
:;/'
jllripij"
• '•v 1947 •"
A A1946/
—------T$71,682,180. $40,810,028
•
■
.
sohLAJ;.^;^W22,297t ,35,995,0j9
adnplnlst/atiye, expen2cS-«-^-A-^i
^,449,026,, 4,290,920,
and
,
Balance
Vil.-
$166,603
2,690
.
Other Income
sales
Other income
$3,091,876
accompanying the report disclosed that addi^
-
Cost of products;
1948—3 Itos.—1947
March 31—
had
mine,
being made-to international's
"A^y A '■
Illinois Terminal RR.—Earnings—"
Period End;
coal
outlays of $6,000,000.
a
,
and
company's total business volume,
Feldmann's. letter
Mr;
■
tions
.
1, 1931.—V. 167, p..1695.
not ihcrease In full proportion to sales, Mr.'Feldmann
Newport Rolling Mill Division,
The
steel
of
•
on
Division
said, due to a loss ir. the Radio Division and starting costs of a blast
furnace acquired and renovated in
the summer of 1946. All other
divisions contributed to the profit. y A:,,
v:--z/'v.
statement with the
stock.
Underwriters,
Central RR.—Resumes Preferred Dividend—
directors
$71,682,179, compared to $40,810,028 in 1946. The 1947
includes for the first time a full 12 months sales of
and includes only nine months' sales of Universal
of Canada, Ltd., a subsidiary consolidated Feb. 3, 1947.
were
figure
Steel
Cooler
Co.—Registers with SEC—April 15
shares
;*•■>'*/•■
International Detrola Corp.—Annual Report^1047
50 cents as
early in 1943
paid
4,023
138,033
i-V
-
!VTotal'
A-A—i—Ai—J—--A————
Ar.J
r
■*.>'
.*
-
*
*'
•
.
1,030,566
411,871
'
-
/'
A
'
.
"
iWcbmif;;4-.^aj43M£,78a; "j SX^64vS»a!;L.
i.) ^73j288 '
,^722",000
A.O148,000
Other
deductions
United
.187,250
Staies^ income vtax^(^sUmatedAA-rw-iA--A"-*j>.
-
—r_—,A*———.
Canadian and state income taxes./.-*——-—.,
fRefundable Federal, taxes (estimated)—
Profit allocable to minority Interest in
Rohr
.
.
832i(KA>*
„i -
,Cr480,000
.
•Aircraft4Corp.■Aw-l------A--r/---;
301
;
3,22^
'
Net
profit
——A
$i,379.139i $1,012,124;
paid-A———* ,010.94?
* $$9^45
profit/per share.
r—/»__„_A---———.
* $1.13,,,.
r j$0.64
♦Federal: Interne taxes of Certain. Subsidiaries A estimated) ;
t Arising/
fwm carry-back Of operating Jossjes gird ujaus^^xcesg
Dividends
Net
$121,596- ,$1,11.518.
Net income
••
'•
■
1
whom
made
monthly
———-
——
1,729,569
147,044
538,567
excess
is lower—————-
accounts
$748,312
*
700,218
226,167
673,013
A Account payable to
*
$0.86
against 20 cents in
totalled
was
150,000
-
of
'
_
receivable-
,
ap¬
.
Oct, 29,
by;Household .in "1347. was $228. The size of the;
average loan made; was $217. The monthly payment, of. principal andinterest required ,by the loan contracts averaged 6.9%.-of the borrowr:
elr's
; Illinois
^
The first wasf in January, when 50,333 shares were sold to 355
employees^ of /the Rarent and subsidiary- companies. Another offering
These
cost,
A
A
' 1946
Accrued cigar. machine conversion expenses—^
236,000 '
Deposits on .contracts.——————
—— /65,356.
;A {Provision for Federal. .State and other taxes—
427,250
Aa;
stock;.
set.
A
'
—-----—_—$1,141,103
amortized
—A———
Accounts
Blyth & Co., Inc., and Lazard Freres & Co., New York and Wagener
<& Daly, Inc., Boise, Idaho.
Proceeds of stock together With proceeds
from the sale of $10,000,000 of 3% first mortgage bonds to 11 insti¬
tutional investors, wilt be used to repay short-term bank loans and
other construction costs.—V. 167, p. 1587.
'
A
$3
largjept qnflual volume of-loans made in the company's history.
1947, the company issued and sold two blocks of common,
iiot-been
arid
sales
31
..
dividend of $3 per share on
the 6%
non-cumulative preferred stock, par $100, payable May 15
to holders of record April 28. The last payment, also amounting to
"Duriiigt
to'
DEC.
AT
SHEET
J; A LIABILITIES—
zv7'\;;';/A;:'A ;///■'/■■•//AA;
C.
Flood, President, reported that "Output and sa'es for the
quarter of this year will probably be equal to, if not greater than,
of any previous quarter."—V. 166, p. 1993.
'
'
' (
The
' I: ■/■/./;* ./*?
Corp.—Annual
on
1
at
year
Total
A
of
■
:V
,
Last
»
> /AA///-r
Idaho Power
has just recently been changed to
Corp.; Holders of stock certificates have
be^n. requested to send their certificates to the company's offices
itv the .Jlibernia
Bank Building, New Orleans, La., for exchange.1
^
■
in cost
' 1947
acceptances
and
720,000
$1.48
$1.35
./Patents and development-—
Goodwill, licenses, etc.—
—
Prepaid incurance and expenses—4——:r—
28,550
10,000,000
21,745,180
532,878
11,759,159
share was paid April 10, 1948 to stockholders of
corporation
International
Household
■
600,000
•High speed cigar machines on lease_—_*t-tTools, jigs, drawings, patterns, etc—-
992,144
' 305,870
taxes——$518,129
;—*$2.60
March: 27.
Hemisphere International Corp., New Orleans, La.—"
■/•Neyv: Name—/^/'//.
v./?•
:v;
Co., Inc.
in
paid
10-cent
A
1946.
S25 cents
•
■
Notes
one
A Z-Z'.
'
-J——
Earnings pe,r share-
.
.
this
■
v.
Pow'eir Co.i-^Bonds Placed Private¬
earnings after charges and
Net
"The company has acquired Barron-Gray Packing Co. of San Jose,f
Calif., for 134,482 shares of Hawaiian Pineapple Co. common stock,
bringing the outstanding clock to 1,469,938 shares.—V. 167, p. 847.
of
■
and
69,369
$888,244
to $343,813 in 1947 and $227,146 in 1946.
banks—1
In
176,030
\
.———
,
;
name
•
—^
tax
Code
A:" ;A'A'
whichever
.
157,421,061 129,534,304
Calendar Years—
The
.,
,
Rev.
74,647
$742,837
stockholders.
Hawaiian Pineapple Co., Ltd.—Acquisition—
Hemisphere
.
1
profits
excess
Internal
r
$810,344
——li--—-—r $810,344.
S. Treasury bonds,
proximately market
Howell Electric Motors Co*—Earnings—
Hemisphere Trading
26,686
/
profits tax carry¬
back. provision of Internal Revenue Code—
Inventory of finished goods, at cost or market,
15,000,000 :
25,000,000
■
under
70,469
640,044
—
—.A—
for postwar adjustfnts.A
reserve
Accounts receivable
Claim for refund urider
963,559
451,360
for
reserves
zilioBsfcohvLifflitiiigr
—V,
See
taxes-—
taxes—.
refund
Income
Notes
-
Mutual,^1)000,000; and American National Insurance Co.,
Galveston, Texas,*,$500,0G0./ Proceeds of the sale will be
used by the company to further its construction program.
—V. 167, p. 252.
of
their
U.
carrying 3% interest, due in 1978. The purchasing com¬
panies are the New York Life, $9,500,000; Mutual Life of
New York and Penn Mutual, $2,000,000 each; Provident
subsidiary companies as shown
represent equities in the book values of the
statement
subsidiary companies
166, p. 467.
stocks
$1,325,545
508,06/
BALANCE
ly—The company it, was announced April 22 has con¬
cluded arrangements for the sale to a group of five life
insurance companies of $15,000,000 first mortgage bonds,
* *'
$30.43^"
$43;650"
$l,255,076i
NOTE—Depreciation-and amortization included
•
,•»;■*>■'r >■:'
"
for
ASSETS—
losses of $7,705,453 in 1347 and $7,279,306 in
.7I946,tAfter reserves for depreciation and amortization of $990,302
In 1947 and $893,360 Jn 1946.
tRepresented by 2,445,498 shares In
1947 and 2,174,518 shares in 1946.—V. 166, pp. 2661 and 2210.
■ ■——
■
;
♦After
>
C,$9,064»581h$7^704,176c:.
'.v
V \'<
Capital stock
/
•
•;
■
V41 Total
•
Eeserve'for
Balance of
■
income
expenses amounted
.
15,000.000
25,000,000
$3,291,895
2,036,823
$1,481,484
def. 4,410
1947—$1.00; 1946—$1.20 per shareEarnings per share———
—_i"'
:
r-—•'•
r
2,431,431
Dividends:
3*707,092
4,760,381;
interest in subsidiary company*——— ;
26,211
stock (par value, $100 a share)—„J*
10,000,000
Stock of no par value_^
_//
24,454,980
Capital surplus
——-X ■
2,998,802
Earned surplus i'.
———
14,555,378
Cm^m.vfc^.®8^7v;^vg07'?^v
14,967 shares Haft & Cooley Mig,
;
excluding taxes-*/—
-•
$42,52; '
3,249,37p
■
3,683,850
_—————
corporate
Net
A
58,264,123 38,360,083
' "//"A-/'::.:. 7/
665,870
688,420
—
1946
'
$249,065
.
and profit on sales of securities-
295,041
tConunon
1,891,639-
'
'
———
carryback provision of
129,534,304
Preferred
&& 20,000, '• a.
^nft
1947
•
:i—
———-r_——I; $1,477,074
Ciaim
157,421,661
Canadian
■J
4,930,276
2,293,540
profit
Total
Cash
current
for
:.YV.fl
$673.131''A $478,235"
;i
*
.
royalties—
Application of
322,870
241,625
exchange fluctuations
;i and other
contingencies——
58,840
Reserves for additional compensation——————
$727,385
' $509,746
\ ; 40,082A A ^ * 1,09:*'-,a<44,172 a r ,30)418- /
—
expense
State
Cigar Machinery Co.—Annual Report-^
before non-recurring credits*.--———
Non-recurring credits:
;
A
867,000
143,149
485,695
96,396
—
Minority
z7°!'a'} Jn<i?me
Administrative
'
53,874
867.000
profits taxes_
excess
sinking fund debentures—
July 1, 1970——
Dec. 1, 1971—
Reserves
-$400,000-
147,455 : ,y
Gross
8,756,895
68,299
-
—-
—
Miscellaneous
$480,000
and
Interest (net)
-
Dividends payable————
1946
167.
.4
Cost of sales and expenses,
2,928,863
2,908,607
-'-/v../''•/":•
—_
?
1Q47
added.—V.
•
138,616,900 115,701,173
Federal and Canadian income taxes-
162, p. 570.
Report—
Calendar Years—
^
he
A •'
'.'*•
v':"; A*'' '
'* '
14
,:y
—=
TotaP^L-^J^A—$3,932,915
'
Other
Industrial
payable
Banks, employees, officers and others, pursuant to thrift plan__^
i;
shows
1948
and improvements,
plant
—
Rentals
LIABILITIES-—
$3,100,000.
_
that
additional
....
Federal
13,248.205
receivable——
in Peoples
<
■
-
Sales
■
1947
Total
700 000
the; corresponding period of
j
Calendar Years-;
DEC. 31
Notes
an increase over
14,662
?
4,337,540 .' 3,365,253
Unamortized debenture discount and expenses—
$1,200,000
—J——,
of
International
24,246
60,812
tOffice furniture, equipment and improvements
Prepaid contributions
to employees'
Savings> Retirement Plan
—_x—
AA*.-A-^—A.—I./A*,.,"—II!a~—1,200,000
Total
;
*
P* 154.
•
.
receivable
Claims for
cost
A.-.,.
.
.
_
139,045
4,210
stock_L_,._ '
Other receivables,, etc.
J
—
counts
;
r:-
structures
y
the
stock
Surplus, undivided
"/
■
1
of
as
;
necessary
new
Woodman; President, stated that sales for the firs)
be substantially-higher than for the like 1947 period.
costs. he said, there should - be a reduction b
margin* sinoe the company has not increased its sellint'
152,935
Bank, a nor..7 consolidated subsidiary company (at cost)—
Travel advances and employees' notes and ac-
to meet
prepare for expansion, such
years.
of
hand
on
"
.
purchases
preferred stock__
'
♦Installment
-
•
421,276
CONSOLIDATED BALANCE SHEET,
Investment
this increase in capital, Arthur L. Kramer, President,
the action is in line with the
policy of the company to
that
J;This
,,
pfd.
'
1
the
Increased
Income
on
strengthen its capital structure when
as
;
,
1,063,119
-
State
jfcar value $100,
1,989,331
during 1947 to employees and others under the corporation's
ownership plan.
/
,
Increase
Working capital requirements . have been increased.
Inventories atlarger and a substantiar amount of Capital is needed to complete
:
,
The common stock by charter amendment filed
with the Secretary of
of Texas has been increased from
7,000 shares to 12,000 shares
v~
2,840,022
stock
stock
ASSETS—
4
3,719,440
♦After adjustments and refunds applicable to prior years amounting
$116,764 in 1946 and $303,303 In 1945.: tArising from sale of com¬
mon
1788.
p.
3%%
5%
to
proposal
a
>400,000
B.
of
profit
.■prices, '
$8,122,830
5,168,380
income
Dividends
>
/
•
4
the
a-year ago, Charles C. Smith, Vice-President,
annual meeting of stockholders on April 13.
$15,413,923 $10,608,979
—
-
'
'
.
compensation—
Dividends
this
reported
the
addit'l
•'
Split Approved—
quarter 'will
Because
Cana¬
portion allocated to current year
Minority int. hi earns, of sub. co.«
Sundry income (Cr)
Go.—Changes in Personnel—
Kendig,4 wha becomes Chairman
Mr;
and
incomeiix—
Interest expense (incl. amortization
of debenture discount & expense)
_'
fProv.- for
Hamilton Watch
operations^.
Federal
on<
-
shares, no par value, to
1,000,000 shares, $5 par,value, two new shares to be iBsued in ex*
change for each tno par. share owned. This will increase the number
of common shares outstanding to 661,360.
70,783
1,258,308
from
for
taxes
stock 'from
common
<
the
pany, including Erie Pi, Halliburton,;
the company will not receive
•
The Stockholders'on April. 19 approved
;
gross revenues amounted to $40,862,690 and consolidated net profit for
that period
"
Interchemical Corp.—Stock
10,032,242
349,675
'■
h
,
reoeivabie
'
w"
k
*
.12,971,401
expenses-. -4-—u: 16,007,744
Provision for losses on installment,
'
■
'
$32,679,975 $23,930,055 $18,225,855
Operating
V notes
v
April- 30 will vote- oh authorizing^ the offering
holdings-of-International Petroleum Co.; ,Ltd^; shares
«,to, Imperial. stockholders on: a -pro' rata' basis,' and an additional offerr
ing -subject tor allotment of-, additional shares of International Out, of
and to the extent, of. any shares remaining unsubscribed on the
original
offering »t. $9.20 per «share (United States funds) .—V. 160, p. 2559. /
on
the company's
or
,
1946
■
The/ stockholders,
i
financial
Year Ended Dec. 31—
'-v-_
The
i
Co., Ltd. Shares to Its Stockholders—
eum
capital notes.. This investment Is carried- as
- statements/
as the subsidiary's bhsines^ is
too unlike
that of/ the./parent- to -permit , consolidation-'under good
accounting practice; The bank is engaged in many types of commercial
lending in addition to extending consumer credit. On Dec. 31, 1947.
its loans and discounts totaled- $4,342,970/ of which $2,440,195 were
Installment Joans.
The net earnings of the bank during 1947 • were
$49,018. No dividends have been paid since the company acquired its
controlling interest.
:
' '
(•'v-.- V
'
■';/■-, ■'' V.
manufactures for its own use
Imperial Oil Ltd.—Plans Sale of International Petrol¬
j
stock and '100% ;of. the
an
.
.
renders services
cities,
31,'11947, i;he company's investment in the Peoples Industrial
Bank/amounted; to >$2,928,868; represented/by- 97.6% of the commonOn Dec.
Operating
ratio
-?/•'"•_
...A,..:
',65,64.
•inch depreciation 6fi—;!f
$51,672
-~V# 167, 'p. 147ty•:'..oja
$48;012
'ZX '"-r'
,/
$269,588
$267,872
•—
<
68.12
70.98
,r
>154,811
$144,210;
;'n:U
NOTE-/—The. aggregate'
1946)
provisions foV depreciatfon?6f jirop^rty,' planwf
- the
year l947'-amounted *1)0 >503,383."'($343,859
excluding tools -and dies amortized en A pirodUc JicnJ bfirisA
and: equipment for
M.
\
■',
;•• i,
>Y Y^14
THE
(1810)
COMMERCIAL
&
BALANCE
CONSOLIDATED
assets—
v-
OCTOBER
v.'''-''
'■'■
Cash
SHEET,
Claims
terminated
under
receivable
rfote
loan
from
Account
receivable
lumber
mill
Refunds of
4,957,923
of
inventory
Tenn..__
Smyrna,
S.
and State
including
and
sale
for
dies
for
in
of
open
expenses——
1
and
250,000
435,000
.c:
1,247
-
•
j
169,199
67,458
341,893
^'Property, plant, and equipments—6,579,749
Ooodwilt, patents, and trademarks..——6
Prepaid taxes, insurance, and other expenses..
431,180
S.,
State,
and
renegotiation
.Development
of
cost
Total
Canadian
income.;
rebates,..,
special
—J—
banks.
(
bond
be
Adv.
«t
current
684,200
15-year
3%%
Reserve
for
■^Minority
Common
sinking
service
interest
stock
surplus
.'Earned
'
(est.)
1,117,876
1,334,725
debentures........
5,000,000
u
75,000
Corp......
1,221,882
■'%'
of
H.
April
16
bank until March 31,
work.—V.
167,
in
by
the
will
652.
!.
p.
*
stated
for"
^.8(lcliti0^0t
been
that
1947
elected
V.
Y ' *r. '
,
' 1
j*
lJt.
"
ou-
to
$4.73
of
of
12
31.
167, p.
board,
cents
share
per
and
"
saie
April
The total dividend distribution
21
to
holders
amounted
to
Rogers
&
»ij
present
^
/
hares
(Bechtel
of
Court Decision Favors
ended
,
corporation.
interests)'may'appeal
this
31,
April 8 filed
a
Bankers
Trust
agent
York
as
offering in V.
Co.,
New
and
The
registrar
167,
York.
N.
the
The
appointed
Bank
stock,
651. \
$1
&
by
the
series
the
"
these
oi
3%,
from
notes
to
made
an
bank
from
company
G,
the
first mortgage
CALENDAR
;7947
YEARS
.
1946
-
..
$2U04!747 $1l!o07!692
Oross
V
Net income
.v--..--.,
—
■
-—--———-
Co.,
ol
company
April
on
shares
has
.yof ;Publicv Eervice: Commission--—
-
-Balance
of
Income.
,j
eaily
19
Robinson
14 000
filed
($2,50
shares
letter
a
par)
applied to
subsidiary,
maturities
V,
its
cn
bonds scheduled
shares win
Co.,
Inc.,
be
offered
will
of
x^tjaty
all
ctock
investment
foj*
cash
balance
sheet,
dec.
fund
accounts:—,-——-—
subsidiary companies
•
•••
at
Prepayments
167, p. 1471.
.,v
.
(
Deferred
.
Extension of BondsInterstate
Commerce
redemption
first
a;
'
obligations,
it
—--T
-J—-
plan
a
1949 and
March
p.
46,393
2,368,564
,495,684.
;/
60,61(7
238,168
;
—.1—
-
434,386
'
3V.S
1972......
8,697,0TO
6.81wp0
•
1794497.
'209,471
'
Hpnnsiic;
Ior
1957
teeerve«'"
042.000'
$30,095,000 $30
Wnd **«>«"««,
npnrppinHon
'
'
series P,
Account navabfe-^*"
""
Payables to --wib^a^comj^
r„Vnm..,.
debt
1.
91,995
1,734,702
.»io6,722,6U WWrao'
^
»eal
of
■
77,240
debits
liabilities—
readjustment plan.
considering
is
Apriff
tetween
of
debt
a
/.■__•
ToU1
Commission:
thV <Sn«d)dated
by
in
step
2 477 827
93,532
2.293,468
188,591'
Matei'ials & suppliesi at cost—y---'—3,807,164
Special deposits
528.578
the
be :offered
.
less-res.__
customers,
7.915.443
2 297 973
•
—
other.; accounts, receivable-——!.
1,050,733
8,066.369
—t—
from
Accounts receivable from
notification, with
1946
1050,733
.-
,
31
1947
cxpensec„—_
and
_
Receivables
V/
.
..
'
90,112*.
9K4 491
construction
de-
&
'
340*653
17
;
•
15 800 046
ggjgj1•
W.800.046
lbU5.
Co.
r..;
,
:iiVriniw
710,725
$1,401,911
plant, at original cost---.___.i_--..-> $88,080,795 $76,210,453-
capital
stock-
these bonds ..outstanding ,totals
*$46,000,000.
*
$5,000,000 of, first mortgage bonds outstanding, $47,000
prinr
167,
$2,112,636
-
$1,157,515
assets—
tof
ior
y.
stock, to
common
the
for
as
matfre
to
amount
Of the
1.229,985
722,375
-
_t
comparative
with the eec
of-which-16,000
Thomas
ana
them^ 1?
lurh
a
$3,342,621
Reservation of net inc. for sink, fund by order
_
PouW
Estate
.
.
$3,195,962
1,316,072
^
$1,879,890
income_„,_—
gross
1,400,000
2,149,520
$3,202,293
$3,316,106
J5r6,331
28,515
v, -;
-
income
r
treated
yu.'r.
New
Trust
income
Deductions from
90fi432ft
lil50,000
2,433,564
vt" v-.,
9^9023
UxesIIIIIIIIII-I
Nonoperating income (.net)
premium.—
.
.
company
bonds
value.'"'(Set
par
term
1948,
$1,000,000
—
mtgc bonds,
-
been
common
253) .—V.. 167, p.
p.
has
National
provided
short
.
for
decision.
Y.,
Commercial
for
but
received
funds
on
SufYolk_ Lighting" Co"
$1,125,785,
mill
including
Proceeds will be used to reduce bank loans.—V.
Principal
transfer
gas
reserve
on
Federal, .Power
January,
INCOME -STATEMENT FOR
provision for Federal Income
■
the
letter of notification
stock,
common
Lehigh Valley KB—Seeks
Joy Manufacturing Co,—New York Transfer
Agent—
New
funds
Other taxes
.V
■
1947,
$1,180,947,
.
decision, unless appealed ancl reversed, means that the com¬
capitalization will be reduced about
11%
to.319,331 shares, and
•dividends cf
approximately $75,COO w.lll revert
to
the
company's
treasury.
Net earnings on the
remaining outstanding common stock
for the year 1947 will
be increased from $1.50
to $1.69 per share."
—V. 167. p. 1695,
The
Its
on
large pipe line_from
'
/
at $2 per share.,
Proceeds will. be'used
Not undex written,—V. 134, p. 686.
'
'
company
for 30,000
$4,875.
"The
of
with
-
v
Lancaster
of
mon
"York
margin
restrictions
y
_
EEC
remainder of the
holders of the 39,468
The
no
using
in
t-/v "v-
Operatiiig
.
recovering
ore,,
March
recovering
ore,
of
that
The
'
the
to
1948 of $12,000,000 of
insurance companies.
4;
y
•
,
months
on
working capital.
Tracy,
stock
27,
lile
in
$3.33
against
1
..
^
that
common
under
now
increased
year
a
banks
and
program,
GasF pu^ch.16r"ilassau
;v',
company's mill operailops, for
stockholders
of
assets
holders
of
$1,154,-
Inc., Chicago, investment bankers, on
-April 8
they have been informed that 'The Iowa
Supreme
Court has uphe'.d the District
Court of Jasper
County, Iowa, decreeing
void the 39,463
shares of present common stock into which
the old
common stock was
converted and decreeing valid the
announced
retired
six
COMPARATIVE
...
—
t
'
to
.
Utilities Co,
!
from
f
aul..orization to construct
®
Feb.
to
f
>
.
J/6 KOi Co,» Milwaukee-—f iles with SEC—**
Common Stockholders-—
project
:*
and
out. that
jeeje
And, he added,/'it will- be necessary
borrowing of $3,000,000. ' All
Lancaster Processes, Inc., N, Y.—Files with SEC—
_
Iowa Southern
pointed
company
ex-
^ubstantml quantities
^ailable in its territory within
"
PaS
expansion
were
0n
ybonds
f
,
Ltd.—Operations—
434,
p.
The company
the
paid
was
last
company
area ls ®ran d
its
additional
Clark
Theodore
.'
I,-
tor-30,000 shares
1471.
^'5''
»
finance
-
Investors Mutual Inc.—Dividend—
dividend
the
The company last year, in addition
operations, borrowed $10,000,000 from
-
the
and
share
per
a summary of the
ended March 31, 1948:
treated
79,256 tons of dry
mill
distributed
A
the
The principal
fw,h'Ch
Lr
w
^-inc' Co
loans
Vice-Chairman
following Is
167,'
'*■
Investment Trust of Boston—New Name-
record March
Barrett
by
listing
amounted
During the three
74,056 tons of dry
See World Investment Trust below.
076.—V.
that
hea"»« business.
8:as
^ nat"laI
.
'
l
reported
y
.
including premium.
"v
year;; Mri
installed
prices.
pre-war
,Vr,ponunission
!
as
the three; months
Telegraph Corp. — Unit
Buys Stock of Federal Electric Co., Inc. — See latter
above.—V. 167, p. 1152.
;;
,l
the
items
most
by approximately one-third, but still-had
capacity, and found it necessary
to
continue
Credit V
v
the proceeds
167, p. 1152.
1
The
-
•
&
,
above
aupp y
:
has
Higgins
Lake Shore Mines
The
*
during
for
the loan is-to
use
Pnr«;nnnpl
fcrsoriliei
ill
SEC.
1S49, and
Company
board,
Ballou
R.
1946.—V.
of $3,282,682
$71,352.—V. 167,
of
reserve
p. 434.
International Telephone
16%
ccsts
100%
Barrett
&
20,044
rWW1f"
approved
was
tfie
by
m— rhnnPPS
V/i>.
v-ridnges>
the
°IncomeS
amortization
SAfter
^2,125,900
452,863
» T
19,771
is in the interest of the large number
(approximately 9,600) of stockholders and to-provide a;,broadw markCu
4,970,843,'. 4,162,915
in'1946.
y
•
y'O
m
R.
President,
1,200,010
7,569,830^7,210,253
...
$2,334,581
;
.
16,282
1
and
by
current
to
sSd6 t°th'3aoneniof'^busine\£ rAnrif^th? New York6
l
65,472
3,000
sharei.I......
$29,591,246' $27,368,968
"Represented by 0.06% of common stock at Oct.
31, 1947, and 0.36%
Oct. 31, 1946.
tAftcr reserves of $72,000 in 1947 and
$50,000 in
2-946,
tAfter reserves for depreciation and
1947
yi.
404,687
Kern County Land Co.r~Stock Listed—
at
in
■ >. ■< i,. in..
Treasurer. Mr. Higgins
have been elected directors.—V.
106, p. 2211,
1,459,354
surplus
Total
cquipjIlcht
.
;;$619/755*»;-$2,234,213^ $lf652,991 }
by 2%: promissory notes.
construction
Richard
•
844,437
689,350
a
(
9,099,812
^
2,450.894
(non-current)
$1
■'
* The company's extensive construction program required record
i"■ PendiLtures of $12,500,000,
increasing its investment in plant
$3,407,712
$2,658,671
.
5,539 ;'■
$793,965;
York
New
extended
new
L.
331,842
warranties-.-in Rohr Aircraft
8,123
income.
oper.
Co.,
be
man
153,020
670,962
fund
(par Value
Capital
ry.
evidenced
\
loans from customers
of
AprilA^ \ 1943
26,
-
Lane, formerly Executive Vice-President, has been elected
President, succeeding Hinry P. Kendall, who has been elected Chair-;
705,467
215,505
customers
W '
167, p. 1257.
H.
5,885,192
employees for taxes and]
portion
H.l. jjiiOinn,
n
130,099
for
$4,000,000
$4,921,902
purchases
Long-term loans from
i* V..
4
173,000
^111! WW'iffli lilliji
''
»'
$785,393
is to
93,761
...
Taxes, other than taxes on income...
U. S.y State, and Canadian taxes on
inc.
' J
116,235
Trust
314,441
$29,591,248 $27,368,968
.
Amounts withheld from
'**•
•
-t
5
■
■%—;—-
payable
wages, and commissions.-...-...—..
Salaries,
v"7 *
400,000
$918,323
KAiidnll
xveiiaail
to
accounts
J948—J mos.
$9,704,030
1,729398 ri ,5,402,339;
rents (not Dr)—
facil. rents (net Dr)
LIABILITIES—
Notes payable
Trade
rv
•
;
,
:
products.-——~ '
-
■*" wv'iM-*1* ,,*>4 v ■..*
«•+%*-
iOJ.vth0 company to.aeek- an extension, of, the present restriction
r: V
:.:i4
^1
I
^th® addition .of gas /.heating •. business ^through' the >1948-1949 ;K
'-r': •>' t'.a.;
;,vilv TV'/;
Kansas Power & Light Cow-—Note Issue—Long Island
Lighting, its President: disclosed,v;has entered Into V
A request by
the* company to borrow $5,000,000 from the Bankers V a
of
4,904,078
U.
and
j*
$1,491,323
op.
i
opcr,
Net
326,958
of
taxes
i
194R--3 Mos —1947 ''
,
$3,001,391
income—
—V,
77,076
Refunds
ry.
accruals-
tax
ry.
Ry.
JL
'
'
•
'•*
■*
MONTHS*V
THREE
1947
Mouth
1,811,201'
Equip,
13,364,711
"
■
"
FIRST
Month
$3,302,524
taxes
' ^
'
,
iy
,•
partially-
owned subsidiary companies not consolidated
Advances, misc, investments, and sundry assets
income
Other
% ;
;
:
from
rev.
Fed,
1500,000
—
customers
indebtedness
revenues—--
t,\; Net
••
'
_:/i; 15,403,524
and
oper.
Ry.
and yt
income taxes....:.—
moulds
^Investments
<a
—;v
1040
1948
;
Ry.
;
AND
630,915
__—-
for long-term
MARCH
31
,
81,284,902
contracts
war
agreement
at
U.
Inventories,
rolls
under
customer—
FOR
^ Pprinrt Fnri Xfar 11—
Period End. Mar.
1947'./v,"'1046%%
$915,772
receivable,,..;.;,.....^..
accounts
i
EARNINGS
V
5,850,418
-
tTrade
'
31
CHRONICLE:^^,^J>'/Monday,
FINANCIAL
,■
1
'T
MlScenancousreserVeft_i-____.^„__^;-^:
92,170
;23.380,CQfl
:
332,527-
-j iT*Cumulaitve preferred stock^-y^—-Vj_^——
25,380,000.
Corp.* Indianapolis, Infl.
preferred
tcommon stock (no pari—j-y
3,000.00a:
3,000,000
Offered—City Securities Corp. and Kiser, Cobh &
premiums on preferred stocks
:
i53.i64
.153.164
Shumaker, lndlanapolis, oi1 April 13 offered 2,250 Shares:
unearned surplus
—.
3,214
„a^.2i4
of $5.50
^ stock tho parjiVt $100 per:
^r«94 «irpius
4.015,240 3,885.301
share;
The stock was offered to residents v of
Indiana;
Total
$106,722,611 $93,886,790
only; Proceeds will be used in making small instalment•
•consisting of $7,475,000 series a 7% and $17,905,000
loans."—V, 167, p. 1588.
"
\
?
tRepresented by 3,000,000 shares (n6 par).—v.. l67,'p. 1258.
Lincoln
l*
Loan
j
*
Tc'
r*
Stock
Kansas
City Power
Definitive
rre
now
first
ready
&
mortgage
for
Londsv
series,T due
for
Bonds—
Dec.
outstanding
Financing Required
Harry
B.
Munsell,
estimates
company
nuch
as
President,
that
315,000.000
continue
in
1949
represent
rS*
With
its
and
and
in
the
"1948
that
1950.
additions
to Pay for
annual
heavy
report,
Substantially all of this
to
construction
electric
plant.'
will
program
states
program
will
construction
additional
April
16
lag 250,000
.:50,000
to
(no
Power
will
be
&
par)
Power
outstanding
American
&
filed
was
stock.
common
Light Co.
determined
A,nerlcan
Cln«
-15
registration statement
shares
t>y American
writers
a
with
The
(parent).
The
the
stock
names
is
to
of
shares
of
Kansas
stockholders.—V.
Gas
167,^ p.
•
.
sold
the
company's
Gulf
the
was
lowest
disclosed
in
50th
Its
was
top
in
the
its
of
year
for
year
history.
road's
operation
report,
Net
Income
raotivesi
for
and
on
net
was
greater
bank
on
$4,801,787.
This
preferred stock,
of
1947
$192,451
notes,
$5,809,315,
than
on
the
new
signed
or
net
W.
disposition
was
approved.
preferred
a
conservative
business beyond
in
"
view
of
shares.
policy
its
at
He
this
present
pulling
caesels
(including
made
diesel
to
ever
1946,
to
Retiring
Since
the
In
ton
gross
miles
establish
Old
end
efficient
per
another
3%
First
1947
the
of
and
freight
of
economical
train
hour
high,
time
operations
and
approximately
Mortgage
has
of
in¬
24%
/-
*A
■
In
addition
;
..
-
v>lth
about
the
$26,000,000 in
treasury.
ceeds from
«id
3s
Ponds
at
was
that
par
I<ast
«ad
and
made
tion of that
the
in
the
interest
1945
hands
refunding
were
at
of
a
deposited
Bonds—
continued
to
maturity.
107
and
the
new
with
the
management
interest to July
reduce
the
1,
1947.
public and the remainder1
issue was sold.
Pro¬
The
accrued
offered
';
^ ^,4 '
jt.
income-..-
oper.
Equip
rents
(net
fac.ll, rents
^ v
to
felt
of
keep
it' wise
,
to
pursue
platt^1 to Vxpand
"strong
a
p.
Cash
*
,v
4,542
•
•.''• .'
flu! .«r
$24C'B31
*
$235,475
;
■
-
.
.
$724,889
,
'v'-
18,958^
■..'i?"
$643,551
:
.
—•;
Flootrir To
-
238,709
48,264; '
.
1
*
■
.
$901,218
311.056
.
~
(Kv >—Wppklv Outnut
weeKiy uuxpui—
Electric output of this company for the week ended April 17. 1948,
totaled 35.655,000 kwh., as compared with 31,642.000 kwh. for the
v corresponding week last year,/an increase of
12.7%,—y.i 167, p. 1695.
position-
849.
r
15,881
,
rr
228,354
-
$1,084,809.
92.793
402.000
—
•
.
$332.811:
LOUlSVlIie Uas & LiecinC L/Q.
thev
257,405
■
$378,280
(net Br)
f nnicvillp
47,300
■
L.,
Dr113.5G8
-,r
_
654.400
86.387
■
•
$l.896.6l4 ;$l,53i,572i
170.000
•••
_
...
•>_
«
.
,
to
Mr.
Nelson
the
V'
...
v
.
*'
following senior
board of directors'
meeting on April 2
President and General
Manager; S. M. Morris,
Three
new
Vice-Presidents
were
trustee
first
offer
interest.
still
holders
to
At
remained
of
the
take
up
the
to
purchase
the expira¬
outstanding.
bonds
104'4
elected. They are^LJ%G.«.Everitt'and *
?L?ansas City' and
—v, 166,
p.^1789.
E- H- Houston
?
•
of
Longview,
.T's
■'
Frank
dealers
'
Freimann,
bulletin
a
Long Island Lighting
Co.—Annual Report—
to
Executive
in
1947
Barrett
organization
issued
report
compared
also
reported
April
20.
NetT income
$2 112 636. in 1946 »v."'shareholders on the\company's-
to
plan,
stating "it is hoped that there will be
(by the Public Service Commission and the
this long delayed
reorganization." He said the
to
exert
soon
possible
as
Mr.
Barrett
struction
ever
electric
had
in
before.
a
a
large
"This
mercial
reported
the
company's territory
The company last year
and
7,000
he
said,
industrial
greater degree of
"has
a
March
18,
,
:•
April
at
14
unsubscribed shares
and any
$102.50. per
v.
167, p.
share.
1472.;;
•/
:
Proceeds
will
both
were
be
^•
Vie*
Rights, Etc.——,
preferred
and
for
Jx
^
^
commort,.
*r
payment of
backlog
was
of
greater
connected
*
dividends."
houses
at
for
service.-
sound
basis Jn
Vr'Vv
con¬
year-end than
than 17,000 new
more
and
under
the
at
the
V
year-end
'
4
the
ihcreasing ccm-territory, which gives a steadily-
activity of our
diversity and self-sufficiency."
■~
Mathicson
vf Thomas
i
v-,/,.
Officer.
•
Chairman
Leppart
Mr.
of
has
director
the
Prior
has
W.
to
working
the
public
capital.—*
Corp.—New
been
elected
President, Etc.—
President
and
Chief
Executive
Dolan, formerly President,
has
been
elected
succeeding A. U.:> Fox,
resigned.
John C.
the
board,
been
elected
Nichols
and
August
Chemical
comes
of
the
Chemical
1947.—V.
to
Vlce-Pres'dent.-
Mathieson
Prior
Co.-which
167,
p.
from
Chemical
1472. i:
he
.
CoJ
iiis
Mr.
'1
position
r
Rights expired
■
Nichols
S.
George
MW-wm:
.2 900
(giOC).
be offered
to
.used
<
continued
the
customers
gas
backlog of applications
growth,"
and
that
the
customers
The .-stockholders, of record
to
financing of necessary expansion and
:
PioMc
re-^ in that order ol priority, were «ivr.-n the ri^ht
earlvV^ shares of 6%-'cumulative preferred •'stock, at. par
SEC) of
management continues
expedite
the proceedings..to
establish
as
capitalization "which will permit the
effort
every
an
April; 14;
a?"dny®ntory sufficient^for his
- ,-
Maryland Credit Finance rhrn
Corp.
to-
with
determination
p.-43b.
Ein<inP*
amounted
on
dealers- thai; the company will guarantee
<lue to factory price reductions.
dealers function as distributors i taking delivery,
inventory. loss
any
awrL'es^ed.6 ' Vt0167
annual
Vice-President,v announced
Magnavox
against
comuanv
in
1947
sPr
nPw
»<PPnrH0 •
nt:„M
Since all Magnavox
Operations,; surpassing previous marks by substantial
margins, but
net
income declined
slightly because of higher materials and
wage-:.own sa-ea needs.—v.-.167,
costs, Edward -F. .Barrett,
President,; told', stockholders-, in.the com-. -
pany s
m
lif:
(Tlie) MagliavOx Co.—-Dealers Protected Against Price.
"
Cuts—
Wash.
•
The
Mr.-
to
4%
the
offer, $12,800,000 of the bonds
summer
accrued
In
issue
officers
because
and
„
if the
$1,879,890
cuts.iirding amount of its old 3% first
mortgage non-callab'e bonds
-due in 1950, of which
currently there are only
$4,544,000 outstanding,
a
reduction of $131,000 since Dec. 31.
During 1947 $5,427,000 of these
fconds
were
retired.
Prior
to
a
refunding program undertaken in
Ivovember, 1945, the road had outstanding
$30,000,000 of the issue
la
V A*-*
i
(
'Rv.
,
$58billi*4i
192 400
■
2,333,280
■', V,;.
:
^657,167
as to the
changes in the economic trend.r-V.167,
;
,
VV*"'
company
'■;!;y
■
$3,864,852
2,672,676
loco-
use
more
;
.
/
$4,569,290
812,714
itNeS!e(eSSPreSl,1Cnt' baS ^
K
total'of
a
$840,000 on the
approximately 97%'
hauled more tonnage, other
than petroleum and its
prod-'
1947,
than
in
any
previous
year,
with
diesel
locomotives
about half the freight moved in
through trains.
This
resulted
said
plant
'
creased
-
.
been'reduced1'
The
Long Bell Lumber Co.—Changes in
Personnel—--
line
in
V
•
937,278
„„
greater than In
the previous high;
1945,
income.
The
,
$l,S94.445;; $1,392,825
,
*•
expenses--
event
-
i
.
vets,
the
•
Deramus.
revenues-.—
,
•
$2,129,121
for
equipment
property improvements, amounted
amount, together with dividends of
represents
'
'
N.
authorized directors
0»er.
'size of cksh' holdings.
'
Nef rv. oper. income.
of ^$6,818,729 at Jan.
31, 1948, Harold;W.:
Brjghtinan;;^.President; said:iiKLna^a f
^.;that since then over $800,000 of this cash was"A;Used! in .acquiring
'
additional
Kansas
by
Ry
RJ; 0Jer.
7 Net rcV. from ry. op.
.of;': additional'pux> :•••• pPd -income taxes •
directors; • as;. the/-d^emed v
other ry. tax accruals—
in
oW«/«t0 .a stockholder's question
by
City and
income, while its operating ratio
These and other accomplishments were
annual
stock
recommending that
continue acquiring the preferred until it has
>
net
President.
1946, and
Payments
between
capital
resolution
$5,000,000,
Kansas City, Southern
Ry.—Reports Record Income—
The
A
the
DLo,ui>ia"V& ^,''k:in?oai;K,y/rT?a^An?sT0.a Mos.—1947.-*
:>clfl48—3
Period End. Mar. 319^3—Mont^.—-194?
v-•v-.-^v
management,indicated that' after-1
the preferred stock has
been scaled down, the
remaining $6 eumulative preferred stock
possibly could be refinanced at ajlower 'dividend
tho
owned
;
i
.
further
expedient,
to
remaining
stock
common
1265. v :
Phlla^-Reduces Preferred Stock-
,,
(
under¬
After
reduce
chases.
rate.
cover-
be
the
through competitive bidding.
Light plans to distribute the
to
•
S
SEC
.
$1,821,900
financing.
construction
.
.
The
stockholders; o» April 19 approved a resolution reducing, they
outstanding $6 cumulative preferred stock to $7,000,100
by cancelling \
of preferred previously acquired.
This leaves 70,001 pre-V
ferretL shares
outstanding. The shareholders also
•''%'
Kansas Gas & Electric
Co.—Registration Filed—
On
V
work
•
each
more
Lit Brothers
.
as
ml
•
require
the
cost
program
•
-
;
that
may
construction
-
,
expenditures running at the rate of
$1,000,000
month, there is an immediate need for
additional funds,
-and the
company has consummated short-term bank loans
of $3,860,000
to carry the
construction program
through the early months of 1948,
with long-term
financing to follow by mid-year."—-V.
167, p. 1257.
or
;
Expansion—
construction
the
.
cumulativepreferred
1,
1976,
temporary
T
New
will
Light Co.—Definitive
bonds, 2%■%
i# exchange
issuance
as
Vice-President
Leppart also came from
had-joined as Vice-President in
*
me
Volume
167
Number 4693
Merchants
Notice
.
to
Miners Transportation C«;—Divv
&
having been received
this
fforti
of
contpahy
the
Ruling
Develops New Product—■
without
of
capital stock, of record at the close of' business-On."
1948, oi liquidating dividend No. 1, of $40 per share, payable
May lo,, 1948, the New York Stock Exchange on Aprd 16 directed that
the cap.tal stock be not
quoted ex said dividend until May 10, 1948; '
that ail certiljcates delivered alter
Apr.l 26, 1948, in settlement of
by the company.'
The
167,
??/
1696.; i.;
p.
'.
'
•_/
*:-
-
The
oh April. IS- filed a letter of
50,000 shares ($5 par) common stock,
stockholders.
Proceeds will be used for
SEC
company
notification
for
be
to
working
Nett high marks'in the nurnfcer
at
^
"v
to
The
and
number
the
of
amount
policyholders
lire
of
at
insurance
the
company,
end
that
of
announced
1947
i
held
they
$6,373.82
minute
a
included
annuity
of
each
The
for
in
1946.
year
The
'
lorce
$9,693,848,489
In
this
connection,
••
and
stood
at
cidence
These
assets
held
were
to
The
ENDED
-;'J.'/■"
invent, price decline
1,410,878
The
Earnings
*
share/.————•1
common
per
Before/deducting
'~v^-:/• y ■
:
stock_'_—19,507.134
oh4 common
provision
BALANCE SHEET, JAN. 31,
ASSETS—Cash,
$18,494,248;
-
U.
S.
'
•
$8.86 *
-
,
(short
loiver of cost or market), $277,297,355; pre¬
ahd expenses, $17,246,829; land, buildings, fixtures,
: for
depreciation
of $39,720,i83),
costs
j
•
liABlLlTiES^Acbourits payable,
1
obliga-*'
'
*
•
to
$33,117,702';
due
$211,231,385;
p. 1696.
the
amount
accident
tion
business
receive
and
for
of
force;•• Of
(excluding
health
1948,.
form
in
$64,507,117,
policyholders
group
the
of
will
the
this
amount
accident
and
/
-
policy¬
$45,6.75,000,
$22,725,000 and'
total
a
of $2,544,945,636.—V; 167,
p.
in
Ltd. above.—V,
during
of
Old
which
&
to
pfcid
were
increased
during
of
principal
available
facilities
sup¬
dis¬
two
at
warehouses
were
com¬
Negotiations
Corporation for the
installed
the
Increase
the'
during
production
is
company
Mclntyre,
by
entered
at
also
of
its
installing
In
years.
$25,000,000
at
the
1950,
31,
the
sheet.
whiskies
to
bank
loan
$8,000,000
in
plus
funds-for
per
comprises
sold
be
this
in
1951,
during
commitment,
December,
repayable
annum,
December
purchase
for
purchase
should
obtained
was
to
properties
presently inde¬
the escrow fun'l
from
This
which
provide
of 2V2r/o
rate
related
$21,000,000,
balance
order
Scotland.
of
commitment
a
certain
have to be paid
may
the
Ltd.,
into
arid
about
matured
and
1947,
$6,000,000
$9,000,000
in
\
1947; the
had 31,889 stockholders, an increase,
company
3,360,
of
year
consolidated
about
or
income
12%.
account
/'
for
calendar
years
(Including Wholly Owned Domestic Subsidiary Companies)
Whir
//. 1947
said
1153,
year
Taylor distilleries,
The
whiskey
1952..
Dec.
MtfOrliTlijhtdley! ttardWare Co;# fne^Anntial Report-^'
%A-Freneh# Sf.1 Chairmatt of the Board,- dfl Feb. 16,
?
arid
of
storage
whiskey
new
2160.
163, p.
the
compared with $66,-
betterments
and
result
a
expanded
estimated
shown
four
December
.
Texiile Co.,
Dominion
$15,955,121
Grairi
two
of, Train
partially
December
/.
'
policyholders $7,928,000.
Including the dcclaf*-i:
Metropolitan will have paid to polityriold -ts ih
dividends
.
as
by-products.
quantity
bearing interest
Montreal Cottons# Ltd^Offer to Stockholders-^
See
ordinary
health I
»*■
next
On
pulicvnoraerS
industrial
„
^
Report—
for
efficient
amounts
and
five-year
a
common
.
and
the company
1947,
$4,000,000
the
stock of ho paf value (issued 6,502,378 sharfes),
earned surplus, $163, 328,538; total,- $530,041,010.—V. 167,
$20,155,400;
shares
in
terminable
.
•
of
extensions
lb47
being
more
consideration
fully
Industrial policies. This involves a reduction irt dividends in
many
cases.
In
spite of this, however, the amount reserved for dividend *
to
policyholders payable in 1948 was $141,215,117 which is a new
high total for the company,' This is due
maliny to the increase in
for
a
of
and
in
grain
substantial
policyholders, beneficiaries,
investments, the Metropolitan is revising dividend scales for
Ordinary
dividends
Grand-Dad
are
brand
Late
•
•
holders
Facilities
with
.
the Old
a
$15,-
customers,
$395,375,828
increased to $86,888,017,
materials.
enlarged
were
preference
'
-,
r
f
...
of
largest
packaging of bottled goods.
*The corporation has added lo its Holdings by acquiring
the out¬
standing
balance of
the
ordinary shares and
a
majority
of
the
at-the
(priced
cataios
equipment/. etc>-(after
reserves
040,259,828; total. $530,041,010;
record
was
acceleraieu
was
equipment
832,653,045; -receivables (after reserves for doubtful accounts
collection expense of $12,263,987), $144,089,707; merchandise in¬
and
second
earlier.
year
a
private
term),
paid
After
of -construction
war.
securities
Corp.—Annual
sales
were completed with the Reconstruction Finance
purchase of the grain by-product recovery units
decline.
1948
Government
net
company's program for
pleted at
*$7.83
.
1946.
tilleries
18,190,367
/
inventory price
future
for
plies
533,886; accrued expenses and miscellaneous taxes, $13,996,707; Federal
and others amounting to $3,048,income taxes, $43,261,202;
reserves for possible future inventory price
general surplus funds amounting, tb'
$499,557,356, whichv
represented about 6% of the
decline,/. $26,000,000;/ reserves for
self-insurance
and contingencies,
company's obligations.
X : ..., V
v$3,416,100; /Class- A stock of no par value (issued 201,554 shares) r
Chielly because of the decline in the rate of interest earned on
tions
865,245,
in
399,500
$42,282,182
1,410,878
$0 42
per
10,000,000
$59,050,066
——.'—.— •
—'
Products
shows
1947-^the
1947, earned surplus
37,620,000
——__
report
51,
Dec.
share
3,306,430
amoi*ti?.l
97,20d
$0 34
iri the company's history—
compared with the record Volume of $450,279,941 in 1946. Net income
for the year was $36,443,638, eqd&l to $4.57
per share on the 7,977,771
shares of common stock outstanding, agairist $39,996,827 or $5.01
31
JAN.
1946
Sl,840,5()2
79,717
annual
plains
assets—
of
YEARS
.
1947
$1,986,903
National Distillers
•
881,048,037
Dividends
1
G. C. Pound, Executive Vice-President of Kraft Goods
Co., has been
elected a director, succeeding 3. L. Kraft, founder and Chairman or
the board of Krait Foods Co., who- is
retiring from the National Dairy
board after 18 years' service as a director.—V.
167, p. 850.
™
and '-operating expehses,^'-^-- 1,053,136,708
$3,337,740 this' .y«ar' * 3,337,740
Federal and state interne faxes—
43,150,000
ventories
fulfillment
assure
,y
"
years
sales
National Dairy Products Corp,—New Director—
/
.
194-7
$974,256,649
profit carried to surplus.
Dividends on
class A stock
'—
-
c<,n)umiy
FOR
■
Net
group.
today's
$8,624,964,461.
$57.59 per share.
ACCOUNT
INCOME
Frov. ior possible iuture
•
that.dub tig' the pas* xu
*r Ja-i-rtr,
paid to policyholders an amount in excess of
had
;
1948
$1,158,674;514
and
for
Prov.
58,548,422,601 $ at the ; end Of ' 1947.V
Lincoln pointed out as an interesting coin¬
Mr.
was
saie/j
of
DCprec.
business
$8,778,861,250
-
that-date
on
calendar
Earned per share oft 231,200 common shares___
—V. 164, p. 1635,
Report—
Chairman, on March 29 said In part:
sales.
Net
Cost
included
: Assets
Net
for
Net Income
Co., Inc..— Annual
&
$200,000 bank loan and for
a
'
.
--i
,
i"T-'/; ""
life insurance issued during 1947 was $2-'
$^,1T ,L45,o/8 lor i.,4/.
Tne gain in. force'$2,834,585,604
compared
with
$3,160,049,294 "in
industrial,
Metropdlitaii
1366.
earnings
;
-
,
ended
wnn
'
stock
COMPARATIVE
paid-for
was
issue
tests
severe
Gash
common
$1,741,044,712 of ordinary insurance, $680 industrial, and $474,387,779 group: This brought the totals
in the various life
departments to $18,783,894,976 ordinary
225,549
in
of
compared
of
was
deata
amount
the
series
a
yv-''•> •
•' " "r 'i..
J
'
:
;
dividend
disfribtitioh during the year ended Jan. '31,
1948,
^20,918,012/Of which $1,410,878 was paid to class A share--/
liolderi ahd $19,507,134, or $3 per share to the holders of common
stock.
Net worth was $394,715,323 oh Jan. 31, and the book value of
payments,
895,658,040
p.
Ward
Montgomery
*
day.
Of the total payments,
claims, disability bcneiits, matured endowments,'
dividends, and cash surrender values, the largest
amount,
$272,742,443, went to ordinary policynoldCrs; while inuus- ;
trial policyholders received
$246,061,989; group policyho'der^ (exclu¬
sive of
accident and health),
$102,505,626, and accident and health
policyholders $50,617,545.^
/ ,
which
given
totaled
$37,256,604,/ib, »'
together
with
accident
and
health
insurance
for
a
principal sum
benefit of $2,500,399,501 and a
weekly indemnity of $40,223,501.
Payments , to policynolders last year amounted to
$671,927,603 and
marked
the
16th
successive
year
in
which
these
payments
have /
exceeded
$500,000,000.
Payrrients were made at the average rate
of
been
will be used to liquidate
plant improvements.
•
tie$ Was *4.5 tO-'" Is
V
32,384,000;
was
has
167,
announcement.—V.
Sewell Avery,
\
the
aerogel,- Satttccel
«
$366,624,858 at Jan. 31, 1948, represents an
»•". '■•'Net'Working capita! ofThe- ratio of current assets to current liabiliincfedse 1st: $33,478,540.
Records— '•
policy holders, the amount of life,
insurance
in force,
and
payments
to
policyholders
ttfere
attained
by this company in 1947, Frederick If.
Ecker, Chairman of the board,
Eeroy A. Lincoln,, PresidentY,of
Metropolitan's'ahnifal statement, s
a
the
par
of
fP.
A 'silica
the
V
capital.
^ Metropolitan Life Insurance Co.—New
■
-frith
sold
Santocel,
proving its* facility as a space, time and money saver, and its adapt¬
ability to freezer units of all sizes.
In some instances, installation
of Santbcel has increased capacity hy more than 80'/b, according ^to
;/< /\
Mcrrlmac Mills Co., Methuen# Mass/—Files with SEC—
r
is
Moilsantb's Merrimae
VV\y,
at
■Mass.
Exchange contracts made pr.or to May 10, 1948. must be accompanied
by due-b.Ls; ;and that all due-bills must be redeemed on
May 12,-
Murphy Chair Co.—Loan Placed Privately—Company
>.
'
i"
free-flowing powder already in full
Division headquarters in Everett,
....
,
tool
new
production
15
recently obtained a $300,000 10-year 4% loan from New
England Mutual Life Insurance Co., in which Manufac¬
turers National Bank of Detroit
participated. Proceeds
a
increasing
uniform
April 2b",
(1811)
-
new insulating tool that iiicfeases freezer capacity
bulk and at the same time insures lower, more
temperatures for longer peffods of time has beefl announced
Development of
declaration
ho.ders
1948.—V.
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
1946
$
1945
...
$
$
Net sales of whiskey knd other cdrtrincfehse of
;; Michigan Bell
modities"__^i>_;^„-_>._.-—395,375,828 450,279,941 385,800,75^
TeIephofi« Cfc^Earnings—;rl... ■.V 33% over 1946.' Net profits after taxes and all other Charges amounted'/"
>to $1,557,616 Which, after annual dividend requirements on the 5'/o v Cost of sales—.—
308,487,822 360,751,016 322,974,604.
«
Reffod *Ind. Febrakry—
1948—Month—164?
1948^-2 Mos.—1947
Depreciation
1.400,157
preferred stock, is equivalent to $2.95 per share of common stock.
1,170,553
999,25'i.
Operating revenues^..$8,804,605 $7,93d,till $l7,75^263 $16,126,284
Bince"'public .distribution of the preferred and common shares ih
Depletion ■ • ——
; 5,303,228
4,876,071
127,40V
VncoUeetiWe,;qperf,v^ey;^; ^ -45,730'/? v 26,303: *■': /'9t,382;;
49,677'' f-March, 1947, the>;Company has paid regular quarterly dividends on the
Gross profit on sales_r___^L___/." 80,184,621
61,699,491
83,482,301
preferred/stock, ahd three quarterly dividends totaling 50c per
•„
Operating revenues L_ $8,758,87G S7,9C4,503-$17;6G0,881 $ltf,076,607 -share oil the1 common stock. On Feb. 4. 1948, the directors declared/ MISC. iricome and prof.it_I—'
540,641
404,248
1,237,013
salestfn 19.47 totaled $27,032,377 representing
Net
an
_
.
,
.
Operating expenses
7,040,259
Operating taxes
*-
f *
5,878,302
937,456
14.337,638
1,930,567 "
/
dividend
a
12,142,087
1,837,441/? .2,025,757
$i.25. per
of
share
on
the
preferred
5%
stock,
pet sharp; on the vdrnmon stock, both payfebte March 1, 1948,
of. record aSVof Feb. 14, 1948,
<' r;
and
20c
to stock-
Total
80,725,262
83,866,549
distrib., aumin.
;• /.•...
general experisfes__-.—22,894,220
19,113,743
Interest oft debenfUreS„_____^-____
/ holders
Net operating income
Net after charges_^____
-t-V. 167/p. 1366f
$781,161
$795,579:
$1,908,763* ,/iv Earnings?.retained
$1,485,802
business to strengthen the company's • ■
:■
705,948"
966,093 " 1,326,447
working capital position are reflected in* the increase of net current
1,865,136 /
'
'
>
<
assets from $3,253,199 as of Dec. 31, 1946, to $4,202,275 at Dec. 31,
1947.
During the same period, cash funds increased from $321,135 to
; Midland Co., SoHth Milwaukee, iVis,—Files tvltti
?-$!",608-,352. o
~
*
"
Since September, 1947, the company has been negotiating with War
The cofnpany on April 12 filed a letter of" notification with,
the'
Assets
Administration
looking
toward the
acquisition of
property
SEC for
20,600* shares of 6% cumulative preferred stock' ($10
prir)
adjacent
to
the Birmingham
(Ala.)
Airport and has submitted a
and rights to the purchase of
30,000 shares ($2.50 par) common stock.
proposal for its purchase.
This property includes, among other struc¬
To be issued pro rata
to common stockholders in units of one pre¬
tures
and
facilities,: a large building, which not only would be of '
ferred share and 1% common stock
rights for $10;' The "underwriter
sufficient
size
to -accommodate
ail of the company's Birmingham
for unsubscribed units is Gardner F. Dalton &
Co./ Milwaukee.
Proactivities, but to ^take care of its operating space requirements for
deeds will be used to buy production
machinery.
the: foreseeable future.
■
/://■ V
•' /
There are sbteral other prospective purchasers for tne property in¬
Minnesota Mining & Mfg. Co.—Changes iri Personnel—'-'
cluding the City- of Birmingham.
Therefore, the company does not
know whether or not its bid will be accepted, but if it is, we do not?
Rounding out * a program of streamlining managemefit operdtlOfts,:
the board of directors on April 14 elected five new
'-expect that any new financing will be necessary to.take care of the
Vice-Presidents,
and raised
two
others to Executive Vice-Pre-.tdents, according to an / purchase payments or the estimated costs of relocation, alterations and /
announcement bv W. L.
repairs.
It is the intention of the company to sub-lease its present
McKrilghfc, President.
'»•,.'»*
;
J. A. Borden, Bert S. Cross, 3.
premises .to others if the new property is acquired. p./ Duke/ Arthur--E. Eggert- grid" Ivan-
advertising,
v
...
.
ana
17,053,124
132,595
______
Amort,
.
SEC;1
62,936,504
-——
Sellirig,
intthe
debenture
of
Other interest
Prov.
109,973
exp.
—201,404
assets
lix6d
normal
for
and
charges
Loss dn sale of
•
dlstc.
Fed.
'
surtax
21,186,000
•
profits tax.,.
?; "»■'
./]\ X'1.
ft:* •*
Profft,
441,896
1,472,919
•
-'/'?
and
capital Stock tax_„_
EkcesS
'
,1.07,979
...
4,865,000
24,568,000
27,074,000
'
1
,'
—-
, ,
--
■
to
earned surplus. ? 36,443,638
39,996,827
11,786,999
declared.
15,955,121
$4.57
13,960,938
4,558,579
carried
'
.
Dividends
♦Earnings
•
,
/Based
,
shares
Lawrence are
he
the
has
division
for
for
Sales
will be J
seven
Mr.
the newly-elected officers.
compafty
been
who
Manager
C.
will
for
Duke
joined
seven
has
Mr.
The
been
Heading the abrasive
merchandising these products
years.
the
with
since
company
continue
Director
of
Public
as
Relations,
head.
staff
a
will
Eggert,
Mr.
broader
assume
A.
G.
Bush
elected
was
Executive
search.
Mr.
Bush
has
been
Vice-President
a
in
with
1922.
1921, and was Vice-President
Jfrofti If 29.
i.„The
i
in
the
Mr.
responsible
//-Prbv/'/ fdr '/taxei'
.' COlhe '
company since 1909, and first
Carlton joined the company in
charge of production and development
•
policies
$2,451,269
fl3i,692
-_1-
.$2,582,961
35,711
-
In-;,
on
(est.)
corporation.
*01d
sions
and
and
,
$433;623 ,$1,639,373
1,401
24,094
.
..
,
.
.
,
$1,069,934
57,183
of company
affairs..- '■ '///.;/
:
*
$435,024
$1,663;467
39,341 .134,358
/ '/■/?/;/■■.
-
^89,634
165,858
$1,557,610
$229,825
1.$928,197
tPresent
company.
{Includes
Inventories
$1,127,117
136,297/
Cash
$1,608.35^;
ASSETS—Cash,
674,404
and
; The company
cumulative
($10
par)
preferred stock.
The
shares
of
seeurif.ies
new
5nonwill
used
be
to exchange $1,437,100 of
outstanding 5rfr bonds, due 1949 and $664,563
of outstanding 6V .second mortgage bonds.—V. 167, p. 1589.
and
notes
LIABILITIES—Accounts
—V.
/
167,
748.
p.
K.
K.
Smith.
Milling
Co.
V.
p.
123,
payable.
has
Fort
Worth.
been
elected
member
President
of
the
of
board
the
of
Kimbell
directors.—
v/
r/
-
#
Monsanto
'/Gn
Chemical
V
%
>1
,
Co.—Sues
U.
v
S.
''X\
1
-
'\
V,
'''X
•••
Government—4
\
company on April 8 filed o. $50,000,000 damage
suit against
United States Government for loss and
damages, resulting from
the
destruction
of
its
Texas
.City;
Tex.,
plant
April 16,
ships.
1947,
caused r;-
■
.
■
(at
cost,
to
affiliated
plant
and
at
*
.
a
($5
$6%
1
letter
of
reserve)
;'•///' -/'■..
share.
/■;
/v
Following
5c.
the
$
/..-■.
93,122,780
29,015,355
32,866,129
77,042,243
4,000,000
4,730,855
10,151,106
8,813,578'
equipment....—.■—'—_
9,369,662
2.014,320
25,370,364
2,183,196
21,856,402
209,553,100 182,484,093
,?:^/;-^/^V.;^'
receivable
Due
to
5,343,532
liabilities
affiliated
Dividend
....
plan......
3,988,881
1,106,600
taxes____.__.._—
22,860,656
(non-current).....—
nominal or par value.
25,000,000
59,568,485
86,888,017
59,568,485
66,399,500
payable Feb. 2
....^
—
for additional compensation
Reserve
for
♦Common
Earned
income
loans
without
stock
surplus
2,885,716
2,217,672
3,831,096
3,988,881
1,054,300
25,175,369
Reserve
Long-term bank
4,580,746
2,579,257
——
companie8.._ii.._./_i2^.-.^
Federal
'
15,000,000
——
payable
:
...
-
*
•>
.
in
1947. and
Co.—Filing with SEC—
^
{After
'
of
notification was filed with the SEC for
stock, to be sold by seven stock¬
Underwriter, William C. Roney & Co.,
to
net
Dec.
1946.
reserve for
tAfter reserve
depreciation of $10,532,785
/ ■:
companies controlled but notacquisition as a result,
by approximately $1,192,000
1947 and $745,000 to Dec. 31, 1946.—V. 167, p. 654.
eqriity
corporation's
in
dates of
been
increased
since
less
has
earnings,
31,
in
$9,331,559
NOTE—The
;
•
209,553,100 182,484,093
Total
"'Represented by 7,977,771 shares in 1946 and 1947.
of $335,000 in both years.
dividends
received,
commoft
par)
per
•/
cos,
...
Accrued
/.
/^
"...
(;./.
,
;■/';
announcement that the stock
stock of this company will
par..common.
May 1. 1948, the New. York Curb Exchange on April
National Gypsutfi
:
Co.—Registers with SEC—
April 20 filed a registration statement with the
SEC covering
422,467 shares ($1 par) common stock.
Underwriter:*
are
W.
E. Button & Co.
and Blych & Co., Inc., New York.
The
shares
will be offered
to present stockholders at
the rate of one
new
share for each four held. > Proceeds will be
used for working
capital.—V. 167, p. 1366.
/ /
The
company
on
(Pa.)—New Director—
National Supply Co.
i.-
.
invest,
LIABILITIES—
Accounts
transfer books for the;
be permanently closed
15 announced that
-by the explosions of ammonium nitrate-laden
«/ this issue would be suspended fiom dealings at the opening of business
The suit was Lied in the United States District Court at
Houston,
May 1, 1948.
Two liquidating dividends will be pkid to holders of this
7Tex.. It included damages to the Texas City plant, expenses incurred
stock.
The first dividend, in the amount of 40c. per-share, will be
and loss cf profits
resulting from the plant's destruction and for /•' payable on arid aftet Mcy 15. 1948, and the second and final liqui¬
loss of services of
the' technically
trained and operating personnel,
dating dividend w'R be paveble on a date to be announced later by
who
were
killed in
the
disaster.
'
~
.■ ?_■; *v.
•*
the company.—V. 167, p. 1366.
'
/.,1
'
;
riiisc.
advances
Short-term bank loans.....
Mountain City Copper Co.—liquidating Dividends—
■■
J
The
14
shares
Detroit.
;•/
/
the
-
April
15,000
holders,
L
i
.
to
Assistant
a
:;
1946
$1,900,848;
Motors Metal Manufacturing
/
2651.
—
less
in-and
consolidated
of Texas—New Director.;
——
in-escrow..^.....—
Total
I
'
Missouri-Kansas-Texas
*
$110,359 commls- "
3947
accounts
_
4
—•
...
{Property,
accrued bonuses and
commissions, • $154,764; accrued payroll, $11,230;
accrued taxes, arid
other expenses, $22,667;
Federal and State taxes on income (esti- "
mated), $997,029; 5% cumulative preferred stock (par value $100 per
shareJj $1,531,600; common stock (pat value $1 per share), $500,000; '
capital surplus, $1,071,067; earned surplus, $1,426,218; total $7,665,422.
has asked authority from the ICC to issue $1,000,000
follows:
Companies)
34,771,324
Prepaid insurance arid other deferred charges..
$316,416?
#
| first mortgage 4'> 20-year bonds and 111,210
as
con¬
31
36,729,879
timber: (less, depletion__—
Investments
^
-I,
tfas
la
.
•
1947
receivable../...^
notes
deposited
Standing
J
■
600,912
BALANCE SHEET DEC. 31,
f'
■■
companies
DEC.
Subsidiary
ivy*
-a.—
tAccounts and
$3 preferred stock
-
Mississipyi Central ItR.-—To Issue Securities—
SHEET,
Domestic
Owned
'
Cash
"
.
received,
$65,000/
•
./
BALANCE
'
of
dividends
1945,
brokerage received.
$55,600 on
"
_
Wholly
earnings
$
•
(after
reserve of $58,023); $2,409,138;
inventories of merchandise, 83,211,323;
NBC Contract—i
real estate not-used in operations (after reserve for depreciation of ;
:
$1,602), $26,75i; accounts receivable from employees, $11,220; group
'/the -company * on April 20 - announced the sale of: 350,000 feet of
Insurance premiums due trom employees, ${4,825; miscellaneous assets,
Scotch sound recording tape to the National
Broadcasting Co.—V. 167,
fl $1,0441 property, fixtures, and equipment (after-reserves for depreeia- ^
p. ,1154.
1
■,
.
tion of $119,583), $213,813; deferred charges, $108,955; total, $7,665,422. 7
•
$345,000;
net
NOTE—In1 the
of this group which is
designed to assist in formulate-'.
ing policies, deciding important company actions and keeping members
informed
less
consolidated,
1946,
(Including
/will be chairman
/
not
ASSETS—
year"1947 the company paid dividends amounting to
(redeemed March 18, 1947), $56,224 on
S'U preferred stock and $250,000 on common 'stock.
.,
4
/
,
included
.
the
■-
■"
I.
;
4
-Net'0rom;'r--:rl:--
,
.Executive Vice-Presidents
formu'ating
i.
.
.Total income
Other' deductions
for
will act for and with the "President
exercising broad controls.
: The new reorganization plan also sets up a management committee,'
composed
of . the President;
the Executive ■. Vice-Presidents
and
the
<beads of staff
functions, product divisions and subsidiaries. Mr. Bush
in
■
Operatih$: profit
•
•.
,
" *.-;
CHhfcf/'lnfComq
in
marketing and distribution, and R. P. Carlton has been elected Execu¬
tive Vice-President in charge of
manufacturing, engineering and re¬
became
$3,797,885 $16,497,448 $13,597,084
2,938,863
13,130,223 10.877,003
5,808,521425,399
1,727,852 / 1,650,147
etc## expSi— /
$5.17
2,280,275
1946 and
/'? ;v '
for operating this plant is
profits."
.
.■/' • \
■//,
and
CONSOLIDATED
/
.
Vice-President
gen.,.
':'//
formerly
responsibilities
expanding the company's public relations program.
Sell;,
sold
and
$447,000;
1947,
$27,032,377
21,772,587
sales
Cost of goods
company in 1928, will be in charge of the
"Scotch'ite" division in which he has been active in
development and
sales. Mr. Lawrence, who has been Director of Personnel
Administration
for five
years,
will
income
/
1945
Dec. 31/40 Oct. 31,'46
1947
Net
1921.
the
*Cat. Yr.
t2 Mo. End. *10 Mo. End.
$5.01
1947 and
_
corporation's proportion of
trolled
'
tCal. Yr;
1945.
Compensation
/'Miscellaneous
COMPARATIVE INCOME ACCOUNT
Borden, who has been
the tape division Where:
head
Duke, who has been
Mr.
years.
Cross,
23yearz,
31,
ahd
Government.
■
with
shares at Dec'. 31,
i
•
< "
7,977,771
Dec..
NOTES—Net sales for 1945 do not Include the value of ethyl alcohol
other
products manufactured in a plant owned by the U. S.
'
;
C.
share_.a___
common
per
on
at
Carl
a
I
Collins,
director,
PfCSident
succeeding
T.
of
H.
Superior Steel Corp., has been elected
Jr., retired.—V. 166, p. 21U6.
McGraw,
16
(1812)-'
New- Enfiaod
For
the week
y«t of
THE
•,!T
Gas
Electric
&
ended-Apfil:'16,
Association—Output— f-
Association
the
reports electric
Gas
.;
v
^
.
output for
-a
v
/
u
/
With
comblned
sharea
r.-.Jit'-<«;/
tV"
CHRONICLE
fndL?nonvoting^er^ta^rants^aidj
production
..ear ago.
FINANCIAL
&
of
March
5
;.t
the^Aprll 16 week is reported at 19£357.000 <cu. ft.;
38,673,000 cu. ft, or 24.37% above production
Monday,; April 26,1048
The warrants to be delivered in lieu of fractional ahares of common >
.
out-
lMj36.85t.fcwh.13,859,830 kwh. for of 1,077,128 kwh., »rJT.7T©-Thls'4ajan - increase the corresponding week *
of
above
COMMERCIAL
stock,
1948
Illinois
to
one or more whole
within five years from
may be surrendered
Stock Transfer Co
„♦
'West Washington
Wisconsin
or
Pacific
Gamble
KoWiison
Co.
Financial* Position
—
,
to meet the challenge of MKra conditions,
"
:'*r\
Strong—New Secretary Elected—
> ;
/ j This company is in the J^gest «nanctol Position in
-
other warrants entitling the bearer to
common
Co';
When
/• 0.-«wg£
it^history
told stockholders at their annual meeting on April 20. The compaoy,
Power
,*
With sales of more than $153 000,000 Jor_1947 Is reported to -be tho - ; largest wholesaler of foocLin the United
State^
r(K,urpd id
4
cu. ft,, for the corresponding; week a year ago.-V. Mltfr %Q aU
dlvidend8> with ,-espect to the number of whole shares of earner Mr. Bcotfc pointed out that the
'
>
1696,
•••■'.,«
•'*• mon stock issuable in exchange for such warrants, which may be; M one-eighth of net current assets and that both preferred s.ocfc issue*
.
'■
-1 declared on or after March 5,
1948, and paid or payable to stockha°,„ en
V*.":
V
New England Telephone & Telegraph C..—Earnings— '■?. holders o f record on a date prior to the Issue of such common shares f>- We Wert to
^
to M4».
"f
Period End.February— " 1948—Month—1947
IM.-2 MO..-J94W*
of record In the nam. of the person ehtltled to receive them in ex-r.-i P'etent It aould not appear that earn.ng, will equal tat years re-^.
Ll ht
for
m
wh0iC
shares
of
Avenue, Madisdrt'1, Wis. in exchange
^ock
common
and
of cash equivalent ■
amount
an.
•
■
—
_
,
.
,
„
■
,
_
.
.
,
,
Operating revenues^.. S12,520,271 $10.866,974 «25,«4.427 *22.174.238J
uncollectible open. rev.
27,658
24,203
48,187
38,077 ,v
jpSath^MSS®*- "o
•.operating taxes
775
'933
994 iaa
-—_J_
Net
operating
after
jJet
-V.
Income
:'S
*
-
r
H I.. Watson, has been elected Assistant Secretary, succeeding S.
Corbeil who has been elected Secretary.-V. f67. p. 852.
-'-
E
V
$2,409,666
*2,038,847
587 192
,1459 852
1 230 272
.
.
Vrt;v.,On April
14,
June
12,
the
1948,
dedared a dividend
i
...
a
.
1948,
to
directors
of
W.sconsin
Power
its common stock of 28c
on
stockholders
of
record
on
Co/.(no par;*,
Light
&
share, payable-; & Co., Inc. and associates. >'
28, 1948.-r-V. 167,,
; Prior to the expiration of the subscription
May
1948—Month—1947
,
income
$9,839,553
Income taxes-l-^-; «' 817,500
Other ry. tax accruals— .
498,252
458,309
1,477,816
1,069,781
3,597,293
894,448
3,137,028
,
Net
ry.
**
oper.
income—,..
1,600,354
v
^come..-.—--.—
V.
167,
1473.
p.
1,432.832
.
,
•
.
1948—3Mos.—1947
,
2,262,462
.
.
New York Title ac Morteaffp v>o.
XVIA
&. ivxurigage Go
iiuc
Distribution
uisinuuuuii
i.Ncw
0f
,
The
trustees
another
will
of
the
principal
be
made
56%%
3%
for
series
F-l
d.&tr.bution.
May-13
interest
54%
mortgage certificates
This
holders
to
and
first
2421.
p.
<
otvw.irv.ri
i
>
it*
a
m
oo
a
proxv
directors
board
.
Baxter, H. R. Baxter, Richard C.
The
fifth
from
final
operations
These
are
share,
a£
and
outlined
under
to
goals,"
board
new
a
between
$6
with
and
$8
the
over
reported
and
W.Gi
and
the
from
which
a
17
$3.40
contrasted
year,
past
of
would
years,"
and
result in "better service
wWch the company serves."
to
with
$10
of
in
consumers
7' agpnt
a
all
v
i
the
of
t
offpreri
*
1
v
<R7S 000
neJ
fi<Y
Bank of
Jan.,
is
l)aVab>
TmerlcrN
April
Nulco
rs
April 9 at $14 per share by Carl M. Loeb, Rhoades & Co.,
oUld Sliberger & Co.
Proceeds go to selling stockholder.
—V. 167, p, 1590.
Anrii
T
&
1
S
*nd
for
A
Yard
by
-V.
on
July
and
Oct
In
1
The
14.
Dls.rict
work
United
States
River
in
Florida,
it
placed at the Newport
was
«
S.
Sn
p.—
Encineers
Mobile
f«
of
Alabama
...
«
a
' l,, '
„.
been
California
The
r
*C°lilDPj beg,"nin« APrii 16, 1948, transaction
Mifr value 85. 011
vnhCiorftr
Ncw York Curb Exchange as
par
;r
The Bankers
.v
.
:
.
Trust
Co.;
16
Wall
St.,
New
^
N.
has
vi
been
'
°- of Ncw York has been appointed co-registrar.
•
LJ«US
WO.
P*
.
"
North: West TTtilitiAe
;
ro
'
.
pi««
company,
and
Exchange Commission,
MaiCw 8' 1948> of the
and became
of Delaware
effective
terms
of
the-plan
was
approved
March
and
order
5,
1948
West,
the
upon
sLckrTrnnRWSn«rieS tI|,or|? West
tkkd to
(a)
all
rights
of
n>
share
sh£l* £
"
by *
71
stockholders
5,
u
*
*
the
Which
,
the
a
holder
be
may
dividend
ftt
per
on
a
world<'
Th
mill
J
Dec
31
°/ 8uch common shares
of record in the
oT7®/??e?errhed P,tock
of Wisconsin
iS
Power
^ dividend
&
on
to
working capital
1946
name
Light Co.-
share
a
of the
(2)
rev.
rPVPm.PR c;"
after
^
,
destroyed
was
"to
bv
St
of'7%
tirp
in
tuMer
The
the
pla™
shares
and
name of the person entitled to
nf
.nmmnn
wamnto
1.
.»
whtoh'
to
afte?Mav
,
'
_
Hrhe
transfer
buSss
on
books
Anril
So
of
Til
h«
StS mdeSLkJitransfers of
date.
wc
maue
aiier
of its
1944
*-
tnat
-
common
at
$4J
r
•
■
'
shares
7
i
presently estimate
that their construe-
+
the
in
of
process
sel.ing,
at
com-
in
incurred
with
connection
the
construction
and
GIVING
expansion
EFFECT TO PRESENT FINANCING
-
--
,
Authorized
AUl
.
<
Outstanding.
u
Nil
200,000 shs.
7,000,000 shs.
1,930,357 shs.'
toai
'
-
''
aat
253
25,593
;
,
exchanging
.
t-'
-^
,
on
31,
Jan.
Operating
Operating
revenues
—
this
Co.
the
the
time
subsidiaries
only
(99.99'/&
Co.
Gas
of
the
the'
of
are
owned
by
the
(wholly
Southern
and
company)
owned)7
They
are
both
of.^
Counties
"*
1 243 549
^'243'549/
.«■'
'
7
they
s- .J-■■
•;
oner
177 GQ4.
-
2 317185
-
2,317,185
oqq ro*?
iac
operate
own,
therefrom,
gas
On
•
in
and
11
1'292'973
maintain butane plants, and distribute butane
communities not connected with their natural
'
'
/
.
3fl6
05?
'
V"
' '■
Smith
Barney
W°CPLangley
Privately—,'
the company (1) to issue
Percentage
.?5
—
'
,
' 6
e?'
?
2,'"—~~
*.
Schwabacher & Co
Mitchum, Tally & Co
1
^
■
v
1
Bateman, Eichler & Cov-—1 7 ;
,
& Co._.
:
Brush, Skaggs A ft Co.—1 ^
^ocumb Co..—-1«
pavi»jf
10 >
& Co.—
percentage u-
?
.^
Stone ft Webster Securities;
'
r
.
' The P^st Boston Corp.-.-- . 10 7 ;>
2,386,0o3
,
.
Dean Witter ft
Co.--^-7l7
Harriman Rip-ey & Co., Inc.
10
odn
2,100,433
:
April 15 authorized
aoc
>
;
Blyth & Co., Inc.
2 a75 Hfif;
^375,866.:
.
$2 So S5 $2
1 292 973
^
-
..h.> $38,913
commercial, gas engine, industrial and wholesale customers in con-;
24,541 ;
19,462 •:■ tiguous territory within 12 counties in the southern portion of Cali..
... y>V ;-v.
4 * fornia. The subsidiaries distribute natural gas exclusively except that
-
l&TS 5S
-1 193 736
_
„7
operating-
public utilities engaged principally in the business of acquiring, gather-:
ing, compressing,distributing
and selling, natural gas to domestic,.4
$7,522 749 $16 574 426 $15 175 721
5,965,047 ;V 4;979,503
12 150 446
expenses
Operating taxes
A
common
of the total equity securities and voting power
■
California
0f
present
California
Southern
are
subsidiary
Gas
36,650 >•.
$8,296,477
.
v
treating, storing, handling,under apecial-co«itracts,r
gaa solely
selling^^ natural
stock, and 56.37%
:
368,686
.
Angeles
Los
.
nln
51,108
and
SUBSIDIARIES—At
company
^"
'
of
subsidiaries, and not offering to serve, or engaged
Iff serving, the public as such^ .
-
$444,249
^07,507
JJ
.13,212 %:v.'14,106
City
with .its
principally
506
$504,606
13,124
the
to
.presently, in addition to being
.
r..
TZwi
"
sold
non-public utility, in producing, purchasing,
1,395
W1ig™
subsidiaries'were
Hill Richards & Co
^
;
> "1
Pacific Co. of Cahfornia..^ 1 -V--
Elworthy & Co.———2
sel1^.2'500'000 first mortgage bonds
and (2) to exe^ M Secondary Offering Made-Blyth & Co., Inc., and as> (1,
an lssue unsecured promissory notes with a prin- >; sociates offered April 19 in a secondary distribution
''-^cipal amount not in excess of $2,500,000 outstanding at Y 000 common shares (no par) at $48.50, with a concession ;i'&
in4
preferred
them.
^
X.I ,0 dealcrs
60 (;entS 3 Sha?eil:167r P- 1697:i gllCI
Pacific Telephone & Teletrraph t:o.-Earning^Mutual Life Insurance Co., Mutual
Provident Mutual Life Insurance Co.
Life
Insurance
Co.
of Philadelphia,
of
New
Teachers'
York,
.
exceed 3%
per
annum
and would mature-in
a
Proceeds of the proposed issue
year
or
less.
are to be used to nrovide a nation
the funds for construction of additional utility facilities under a
program of plant expansion now under way to meet incrSsiug toad
bf
requirements, the company said.—V. 166,
p.
I5D1.
.Uncollectible
Insur-
a"CeTand Annid,ty Association of America, Bankers Life Co., Equitable
Life Insurance Co. of Iowa and Bankers Life Insurance Co. of Nebraska.
The promissory notes would be issued to various banks from time:
to time prior to Dec. 31, 1950, and would bear interest at a rate not to
-
dose of
stock of North West.,
.
of
1,608,631
and franchl5:es of, end formerly owned by, Industrial Fuel Supply Co.,
a wholly owned ™n-t>ubUc utility subsidiary. Accordingly, the company
a ho.ding company, is engaged as a
-
;:
.
.
-698
GillO Bell lelephone Co.—Earnings—
7'The FPC
per-
.
1%, S K ?? be ®Ioaed at the
its
7 ;
Common stock (no par)-*
Fimlnr-
Tail PoTyer Co*—Issue Securities
Lid sto^kholrtJT^f£°\ a°d !
North
ioa«
of
7
.
~
Wacker Dtive chicavo
preference shares of North
5
shares
subscription
for
15,
Period Ended Feb.—
r; ;1948—Month—1947 " 7 -1948—2 Mos—1947
gas systems.
...
*
f
Operating revenues —— $8,219,924. $7,540,889 $16,G2&,463-$15,208,692' ^ X UNDERWRITERS—The names of the principal underwriters and
Uncollectible oper. rev._
; 23,447 7^1)18,140..-*■> -51,037 ;/ .;32,971
the respective percentages of the unsubscribed stock which each has
.
I
severally agreed to purchase, are as follows:
(irffi
receive
_
April
Its'
^
;
nlfln^
L?rNo^tb „W,est are
194? £ thltih'S 1
i
l°T J
fi
Tint? Transfer Co
Weft
?
surrender to it of said
entitled under the terms of the
tfftution on and
4
2» North
....
record
$6 div. pfd. stock (cumul., no-par)—
2,500,000 shs
$5 djV. pfd. stock (cumul., no par)—W- 500,000 shs.
or
*.
.
be
the cash
of
Capital stock*
paragr^h^fb) i:
Sic? mayrbeeideclar^Sonnor
be
CAPITALIZATION,
' ^.
'.
"ia^Vf
ptin
rebuild
•
rharles
'* p'
in ;
to
$3.25
the company
by
rata
pro
^ 1937, and since that, time neither the company nor its subsidiaries
has owned or operated any electric properties. On Dec. 9, 1940, _tbe
rdanfc v comPany acQuired and is presently operating all of the properties
The-ihaiiufajcturing
decided not
n
si^ndebi'
so
321,726
STOCKHOLDERS—The
holders
Pr°Sruras of the subsidiaries.
Y
*N.t nnoiifine,
;
paldP°r payableiCto So^holders^o^^ecor^on^^dft?'prior
°f common stcck
20,751
.
bast?
188).
of
eihiuih
the
to
currently
company's secured
Capital Corp
It U
oi!
",
% ^eaSi
4,998
{
Net
common
Jffll; aind
the
:
sur-
$8.25
TO
offered
pctitive hidding, an aggregate of $22,000,000 of additional bonds, thef ^
proceeds of which will be used in part to finance costs Incurred or;
-wil
tli
oncratincr
j
.
(2)
.
,
operating taxes
1948, are en-_
'
entitled,
share
.
from' the company; and (e) sale of additional securities if
an£when required;;
The subsidiaries are
The balance Of the proceeds of the
T^prtordien1!!^6
the rEte of 1%
from
Net
income
*v
J^rch 5; 1948, and (3) an amount S'ciSS equiSten?to il'dMdnd?- NeVaS chargeT"
$1124wS
respect to the number of whole shares
of
stock of Wis- '
—V
167
1154
cowsin Power &
Light Co. to be^^ceived^v
'
*
Y
of
stock
in
obligation of $75,000 to Industrial
op r.
*ho»
prcfcTTcd
OFFERING
to
included
^
or ifcs designated agent (Illinois
{nJu
—
,,
varices
6,984
12,400
,
e payraen^ >f Sl,ch obligations as$th«, management deems
•
P*i01 ^ preferred stock so surrendered '
common stock of Wisconsin Power & Light Co., ;
WA; warrant thereafter described shall be issued for any
fra vional shares to
ativ*
8,499
—
1.666
2,773
: ,
$2,520
unto /ISSOCiatea leiepftone C©. Karmngs--r \ *
.<
' ®nd- ^ebruury7—•; ^1948—^Month—19^ ■ • 1948-^2 MoSw-^1947
SScoilP?tihipeVJJlS?8 -""7 "
122 / $219t^2 : '$506,001 & $444,755
the >
assignment, transfer and
6 years from March
receive•
For each
an
•v.;-,':^.•>>.';.V
;-
.
Net
fif*
designed to manufacture the products
streamline
; Redwood Manufacturers Co. waj one of the pioneers in'thiYiield.
u- s- District Court for the District *;%
on
..
proximately $34,266,000.
'
said:
by
and confirmed
..
.
The 6Ubsidiaries |Ktend to carry forward their construction and
expaxisicn programs with funds derived from the following sources;
(a) net proceeds of the sale of first mortgage bonds; <b) treasury
iunds on hand; (c) .internal sources, the principal items of which ar;
the provisions made for retirements and plant and equipment (expected* 7 '
to exceed $7,500,009 annually) and unappropriated earnings; (d) ad-
,
,
fI
.terminated as of March 5, 1948, except only the right :
—^ t
,,thf plan in the manner and to the extent therein
tnwY
a®d AM rights of stockholders under the plan will-lapse'
t^ess exercised within five years from March 5, 1948. - *
•to
ffwii
rmS 0f the plan and said order the holders, other than
,,aWest" Corp." of 7% prior lien preferred stock and of 1%
North
x
/$61I
-2,272
oi^ Assoriated T^wliftn^
••■•••-y^-4-•
April 21
on
as
approved
„
lion and expansion programs for the year 1948 will involve construction
monthly
-
__
; TST$i«F
nf
Flan °I Liquidatian-—New
*
>1
Ready May 4—"
Gail, Belden, President, in a notice
to. stockholders
The plan for the
liquidation of this
Securities
36,770
the destruction of
the Redwood Manufacturers Co.
•
'
v
wl
^'5?®
3,000
:
After
"
Jsecurities
i::
predecessor commenced ooerations in
of. the Redwood Manufacture's Co.
v
;
in
vu .noaiiuiaciurers co. m us ianx,
the common stock, par value $5. The
-r* transferable in Chicago, 111,, and Cleveland, Ohio,
163-
,
^
eooo
applied against this obligation.
■■;.yv.ln
Y.,
or
organization is mainly made up of men who were
HISTORY AND BUSINESS—Company was incorporated in California
formerly employed by the Redwood Manufacturers Co
in its tank
m 1907 as successor to Pacific Lighting Co. (mcoiporated an, ri886).
pipe and specialty department
From its inception until Dec. 9, 1946, the company was principally a
.The plant of Nulco fabricators is located in Heaidsburg
Sonoma
holding company .for;-public uti'itiea in the gas and• electric-business
County, Calif., close to the souro >f the onlv-major supply of'Redwood-pv "i lhe southern portion of California. The electric properties of one
$
in the above issue
in common stock,
York,
the
by
the underwriting
v
u,
The company's subsidiaries
'
nnprafion«t
average
° Nulco^abrictors'
$5,
,
im c®"tran8ffr a®ent for
^
*—
advlsabJe0
stock,
value
par
to
niinor items aggregating $136,000.
commpnrPfi
company's
Presently contemplated financing will be added
class B
pursuant
otherwise
or
and expansion programs.
contemplated that the first $75,000 received by the company from the
proceeds of the present financing, after payment of selling costs, will
Power ;
"
of shares
CONSTRUCTION AND EXPANSION PROGRAM—Compiny contemPlates total capital expenditures of approximately $730,000 durin;
W48 consisting of additions and betterments to its pipeline system
of $177,500, to its compression and related facilities, $160,500, the
r
.
ir
iy44.
At the present time there is
be
t0wthe articles °( incorporation, the
i}as been changed into common stock,
acquisition
.
company's subsidiaries to finance in part the cost of their construction
the c0moanv's
20,447
indebtedness
Corp^-Designation Of Stk.' Changed
share-for-share basis.
acquired
through the exercise of warrants purchased by them
the
-;
•
company, and the balance may bo used to finance the cost of the
company's own expansion program,-and to make advances to the
i
*JExecutive salaries during proprietorship.
■
•
.
va,Ue
oH—
i
JS45
laei
elected
16S6.
Nineteen Hundred
on
--
Chief Engineer of. the Niagara Hudson
167, p.
.
loJP®®pS'fe"
News
a
«PUS?-°, Niagara Electric Corp., has
v
'•
n,.|n,<n„
1944?5moa.$7M9 ■552?"""""' FceS
«s
? T fTfr Corp#~"New Vice-President
Buffalo,
director, Vice-President and Chief
rt
Bundy
thq
0*
stock
include shares
may
York
-
beeome a part of, the general funds of the
,
Offered at par
"m
>
ii„^«
r
rw
offerings
price
a
New
PURPOSE—'To raise^additional capital funds to ce added to, and to
company. The net proceeds
will be used, in part, to retire in full the demand bank loans of the
,
vloLrJ
such
the
session, as.' ;
exchange brokerage
to
equal
above
not
on
tiading
of common stock, in the ratio of one new share for each five shares
then-held. Subscriptions are payable cither at office of American .
Trust Co-. 4&4 Ca iforma St., San Francnco, or at office of Bankers
Truvt Co., New York, before the clot* of buaineaz on April 30. 194S.jp
wo?klnff canital whh ^am!
company s working capital with earn-
supplemented
ings and be rrowlngs
*•
engineers, Mobile, Alabama.
1259.
mi-®,.,
Edw?f
Aawin
kf.
.
-
fhS ^SiC$f
Sitferi fo Ureiw rumnif'
15
Aug.,
,
Apilacliicola
i
.
1696.
p.
Any
amount
and
stock
previous
or
Trust
.
^
th«
on
April
the
167, p.
,
the
for
an
above
common
current
Transfer Agents, Oifice of the company, San Francisco, and Manufacturers Trust Co., New York.Registrars, Wc Is Fargo Bank & Union
Co., San Francisco, and Guaranty Trust Co. of New York.
7
.
17, 1948,
;
:;;;"'Vfro forma results
o
Shipbuilding fo Dry Dock Co.-—Contract
; ■
Fed. and
a
contract Amounting to *1 25nnnr»V
}.er"
Minige- State
of tWfte 14 000 h n
hvd^^Uc turb^es
the '
Sv
'» \l
Interest ment
Inc. •
construction
Woodruff Dam
announced
-
FmnH^n rnuPf
San
has been awarded
the
Jim
1J
were
n^t
stock'Yha?
Fabricators, .incorporated
proprietorship
a
management
•
$4i i
v.
Mewport News
company
April
stated
the
of
the
'
'
'
LISTING—Company has made application for,the listing and admission to dealing on the New York, San Francisco, and Los Angeles
Stock Exchanges of the 321,726 shares of common stock and warrants
evidencing the rights being issued to the holders of its common stock.
botes, dated UCt. 1,
,
This
o
Woe
*
Both issues
The holders of the preferred
_
1
<*.
TT
several
55j tmSilT&ftS'j?mieceilaneoue
Magazine, Inc.—Stock Offered—An issue
shares Of common stock (par $1) was offered
-
^
1
lnterest
Njte
Yorker
-
ended
public
price
plus
of
TTO_T.T_
ana Clue OCti 1, 1957 and 7,500 shares of 61/2% pre-
am
ivew
<.» flereement
the
to
sale
during
be,
may
underwriters
.
«
ferred stock (par $10).
Cooper, 115 Broadway, New York, N.
Y., was Secretary of the
Committee.—V. 167. p. .474.
O-f 5,000
j
paid
of
r»lo^+
«
recently
Yn^rr
program
a
week
,
dividends
dividends
"no
development
more
and
$8
1947;
A)t.^rf
.
result
subsidiaries.
of
in
Ogden.'
stockholders'
allegedly
consolidation
earnings
would
Will
Patterson
stockholders
basic
reestablishment of earnings estimated between
contrasted
whatsoever
chat
letter
"three
the
case
last
commifsion.
weeKiy uyipui
for
company
the
snticipation
'
'
'»
price
Exchange
jbe
\
The operating business and assets of Salsbury Motors, Inc., a subsid'"y, wcre sold at bankruptcy sale in February, 1948 to B^wn-Bevis
Equipment Co. of Los Angeles, Calif., for a reported sum of $500,000.
The property and equipment had be'en valued.! $I,337.084.-V.'167.
P- 655.
7,
,
i
I.
'1L
'
7 NUICO Fabricators, San Francisco, Calif. — Securities
Offered—Hannaford & Talbot, San Francisco as selling
a
The
committee
' ''
-
m«l
•>
the
to
' * stock are
Northrop Aircraft, InC»—fPlailt OX .Unit Sold—per share
wjnrllirnt*
Thev
K.
0.
on
'
*
---
-
fn
than
eaual
gU){.k
new
rpnortpd—V
hp
56,482,000 kwh., as compared with 53,185,000 kwh.
corresponding week last year, an- increase of 6.2%
V. T67,
(Vl
*
ohlieations
'
-
v0rfh#>rn
Electric ou put of this
conte^to ^"nip8seats
board of
Committee e?ecS £\££ of five ?!SS£.^S"tS
ar^^Suis Boehm rahHel c^lan nui^rt L Pitcairn
Shard LJR;IJenS an! Jamez S sicSPS S^agameqf Sed
in
ment
"
1
*<
'
oment
eau
totaled
f
New York Water Service Corp.—Stockholders' Comroittee Upsets Management— V.
'
v
pnmmm.
v
of
omi.es rwwer vu,
^
thp
payment
3591.
n,
'
-
>
-
and
(including
i
.
bonds
107
payment, of 3%, or $813,251,
April 22.
To date
total
principal have been distributed
payable May. 13/.—V;1 166,
I. -..,
j
•
announce
record
of
less
/
;
,
a
Dom $14 442,491 in 1940 to $10,228,830 last year.
The debt has
been further decreased $2,780,415 since Dec. 31.. 1947, by retirement-
l:
^
•
equipment since 1940, C. E. Denney, President, told the stockholders
the annual meeting held on April 14.
•
Mr. Denney said long-term debt of the road had been reduced by
$48,027,676 In the same period,, deer rasing annual interest charges
.
*
a
at
2,797,530
'
;
■
_The company hasi spent $129,631,286 for improvements and
1,353,633
,
4
-
■
.
,.n_
the
warrants
KSS'^e^ thr'ough^the' gj^%S2S?$Z$&2
Northern Pacific Ry.—Debt Further Reduced—
;
$8,174,715 $26,922,106 $22,775,383
504,000
1,725,000
-1,254,000
BLiB.
...
,
:'Y-^ V>;*r^7 V
per
New York Chicago* St. Louis
Period End. Mar. 31—
Gross
been
Rlvth
ine oiienng nas ueen underwritten hv xsiyxii
unaerwnnen,,py
,
.^587,192^^.«9,852,^l,Z30.27^v;
•
have been made with Illinois stocic Tranafer. Co.Pacific Lighting Corp.—Common Stock Offered—The
whereby 11 win use its best efforts to buy or sell warrants,; at-the:
company is offering for subscription by common stock-f
t
jnoTtot. for the account of stortboiders who at ttetlme of the eur-5 hoWers at
^ per share 321,726 shares of common stock
S
gender, of the shares oDNorth West authorize it to do so..
—it,-' fnn narl
Thp offering has
„>
—
—
$99480$
V
tu! 2is
125?;."T~
p
i!975!637
i
944
—
$1,232,350
charges
167
%.!3^!n£S;fSS?SS
418 853 584 'wSfflo $ib I21577 ©vaSSiSs
287488
-
change lor such warrants.
'
•
•
" '
oper.
124,864 ; 7
rev.-
45,633
*
;::
247,891
,
—
,
:
.v
'
89,770
1
Operating revenues U $26,379,588 $12,717,532 $52,984,634 $25,846,564
'Operating expenses
21,092,401
10,806.974
43,024,513
22,340,978
v operating taxes —_I-•; 2,647,016
.1,152.200
5,075,838
2,256,642
'
*
: ■
"
.
Net oper. income—
after charges——
$2,640,171
Net
—V.
$758,358
-
"
'
•
^
;
v
•
,
(Continued
$4,884,283
522,027
1,996,392
167, p. 1697.
•
on page
3,645,112
V,
eoV
52)
.
:V
$1^48,944 ."!
790,260
^
Volume 167
Number 4693
THE
COMMERCIAL-&
FINANCIAL CHRONICLE
Stock Record «»
(1813)
Stock Exchange
DAILY RANGE OF PRICES
Range for Prerious
Year 1947
Lowest
90
STOCKS:
?
$ per share
66%.May
87%
110
Jun
FOR EVERY LISTED ISSUE
,
'
Jan
July
NEW
Range since Jan. 1
Lowest
Highest
4 per share
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
;:.V
LOW AND
YORK STOCK
Par
64% Mar 17
79% Jan
2
Abbott Laboratories com.
90
8
Abraham A Straus
Feb
6
Jan
—
Apr. 17
>■;.
$ per share
80
Saturday
,
EXCHANGE
Highest
t per share
-
Monday
?
.
t per share
.^JKo par
No par
73
73
95
Wednesday
Apr. 21
,
$ per share
73'A
*61
72%
95
72%
71%
*81
95
*81
5'A
53%
17%
17%
45
45
35 %
36
8%
53
9
*101'/a
17%"
18 Va
45
36
9%
25%
*101Va
'17%
3%
3%
17%
*78
81%
17%
•78
25%
105
-.3%
17%
80
3%
v
3'/a
3%
3%
45%
45%
45%
46%
*73 %
:
;
74'/,
*73%
74%
29%
29 '/a
30
♦93
"
—
53%
9
105
3%
.
•35 '/a
25%
25'/<
3,400
95
5'/a
*44
<
Shares
73%
*81
95
5%
share
72%
72%
72
•>
Sales for
the Week
4 per
$ per share
95
53 y«
Friday
Apr. 23
Thursday
Apr. 22
•
$ per share
73%
*81
PRICES
SALE
j
Apr. 20
$ per share
73 %
*81
HIGH
Tuesday
"
Apr. 19
/
5Y,
•94
97
9%
9%
187 Va
30%
97
9%
9%>
191
192
192
19%
19%
19%
19%
31
31
31
31
31%
31%
31%
32%
85
85
38%
38%
39%
£> 93-
93
94
94
♦29%
30
29%
29%
5%
*83
38%
v
24% May
5% May
v
17
5%5%
85
5%
-
46
Jan
*48
5'50
*47%
73
"Mar
110
'111
107
110%
34% May
49
49
49%
Dec
7
50%
9
<?>
49%
8%
9%
9%
'■
Dec
62%
20% May
65% Dec
9
49%
:
•
> 23
*62
May
11%
23
;
11%
11%
63
-•
11%
62
11%
62%
62
64%
23%
62
V
63%
22 Va
64
24
'23%
62
62
11%
11%
11%
*
36
-
May
107%
Dec
V 39
3% May
75%
169
36
May
83
19
22%
22%
22%-
22%
22%
22%
106%
106%
*105%
106%
♦105%
106%
47 %
46%
46
!
*18
37%
103%
102%
102%
29%
29%
29%
29%
5%
:
Jun
5%
16
•
Dec
-16
18%
;
Dec
86
Dec
69
Dec
VX 8%
5% May
6%
Jan
May
12
7
*15%
21%
Year 1947
LOW
$ per share
$ per share
18% Jun
.
28% Sep
101
Dec
'
Dec
*25% May
8%
Range since Jam 1 ?
Highest
-
Lowest
Highest
-
Dec
125
Mar
7
29
<
20
Jan
33
2
16%
Feb
Dec
129%
Feb
81
Feb
11
9% Apr
95% Jan
12
76% Dec
117%
Feb
72% Feb
21
85% Jan
9
14% Jan
9
11% May
170
99
V
17
May
Jun
Feb
12% Feb
13
Oct
164% Apr
25% Feb
11
37% Feb
v
9% Aug
15% May
34
6% Feb 28
186
Dec
24% May
:
109% Feb
16% Feb
22% Feb
>•• 42%
48% May
Oct
70% Dec
90
Feb
10
Mar
6
17
9
16% Feb
14
38% Feb
11
46% Feb
11
142
Dec
172
July
139
MarlO
32
Dec
40
Mar
31
Mar 19
Dec
* 158
Jan
132
3
Feb
136%
25% May
■
23% Jun
37
28% July
21
Jun
,29% Jan
; 34
May
116
May
47% Dec
146% Feb
18% Oct
149% Jun
62
Feb
82%
Feb
Dec
163% July
41% May
60
*116% Oct'
7% Dec
€8% Jun
5% May
10%
62
46% Jan
14% Apr
9% Dec
22% Mar 12
18% Apr
21
34% Feb
13
116% Mar 15
Jan
18
21
147% Mar 17
54% Mar 29
132
Apr
46% Feb
116% Mar
7
Feb
15
14
6
11
36% Mar 17
95
Jan
.
Feb
17
62% Jan
16
30% Feb
11
' Feb
10
30
28% Mar 19
111% Mar
.
; 98 w» Feb
58% July
24% Dec
18% Feb
16
For footnotes
46% Mar
Jjm
see
page 28,
8
,
4
3
11
Mar 17
100
?85
18%
88
*9 fe
9%
31%
31%
par
par
:
100
1
*126%
;
No par
.
♦126%
130
8%
*7%
7%
*30%
>
*79
13%
89
89%
78%
13%
*166
144
,
Mar
62 - Apr 23
iu%Jati 13
8% Apr
22
43% Apr 23
Jan
9
•
66
Apr
9
38% Apr 23
5:
Jl
56% Apr 23
28%-Apr 23
14
152% 152%
25 : > 58
58%
100
*133
133%
American Viscoss Corp common—14. * • 59%
59%
56
preferred—
100
117
117
Am Water Works Co Inc——5 k,5 " 7% '
7%
American Woolen common—No par
45%
45%
76
preferred
—100 f. *95%
99
$4 conv prior preference—.No par ;
*89
93
Amer Zinc Lead <te Smelt com—1
:
*7%
7%
f5 prior cony preferred———25 .
*64
; 69
Anaconda Copper Mining
50
37
i 37%
Anaconda Wire & Cable—No par r ^ 37%
38 "
Anchor Hoek Olass Corp coin—12.50 y
34
34%
84. preferred
No par? *• *102 % 104
38% Mar 23
38% Jan
^
—-—~
Apr 23
8% Apr
l
104 % Jan
,.100
American Tobacco common
9% preferred
»
'
Apr 20 '
•
130
8%
*7%
v
14
170
170
;
;
31
8%
v
1
18%
*88
90
' *9%
9%
33%
33%
*127 . 130
,
89%
78%
13%
13%'
,
,,
89%
78%
170
:
v, >
8%
79%
13%
9%
*7%;
7%
*30%>31%?
18%
v
7%
Friday
Thursday
Apr. 22
$ per
share
a
*88
90
♦88
9%
9%
33'A
> *9
33%
*127
*7%
130
:•
*127
33%
7%
;
9%
9%
130
•
7%
30%
-
30%
;
9%
9%
; 89
89% : 90
78% ; 78%
.13%
13%
*167
170
-
89%
79
79%
>
>
;
Anderson, Clayton A Co—J—21%
Anderson-Prkhard OH Corp——10
Andes' Copper Mining.■ 20
?
'*55
j
I 25%
.
!»12%
55%
25%
13%
;10%
10%
19%
19%
44%
.
44%
;
14%
*167
14%
170
10%
10%
10
19%
*44
'
19% > 19%
43
43
59%
60%
58%
58%
58%
153
33%
151%
152%
33%
33%
*134
135
133%
134
30%
58
30%
30%
30
24%
19%
;
25%
25%
19%
19%
39 Va
*38%
*122%
38%
*122%
126
19%
10%
19%
45
.152%
33%
151 ■•1-152
34
133%
34
133%
30%
31%
25%
27
27
19%
18%
38%
39%
123%
123%
38%
124
19%
19%
19%
19%
154%
153%
59%
60%
60'A
117%
118%
118%
118%
7%
7%
8%
8%
8%
45%
45%
467/a
47%
47%
48%
•97%
101%
99
99
96
96
117%
*95%
99
*91
94
7%
♦64
37
'">
94%
7%
—
38
57%
132
■>
7%
♦65
38%
154%
154%
153
57% ; 58%
133
134%
58%
59%
152%
57%
133
95
8
70
38%
-
Shares
3,300
10
90
.
33%
7%
31
Sales for
the Week
18%
18
18%
17%
S
Apr. 23
f S per share
American
American Tel Si Tel Co
154% Apr 23
obva Jan
5
v
87/B
8%
8%
90
79%
90
•'
31%
•>."
33%
33
♦126%
7%
19
' 90
9%
:
33
31%
;
18%
*88
8%
31%
130
7%
*30%
Amer Power * Light com—No par
86 preferred
No par
;
65 preferred
No par /
Amer Rad St St San'y com—Nopary
88
8%;
-
$ per share
$ per share
\
18%
88
18%
7%
.
96
6
Apr
Jan
j
*18%
SALE PRICES
■•">:' Wednesday
AND HIGH
>.;> >;Ap r/30/Apr. 21
$ per share
$ per share
par
.
76% Mar 16
Mar
Dec
Par '
.
preferred
—100
*166
170
Rolling Mill com——10
•... 29%
29%
101
Jan
5
i
4%* oony preferred
100 > *97
98
12% Jan
9
American Safety Razor
5
.< 10%
10%
19% Apr 23— American Seating Co
No par
*18%
19%
46
Apr 12
Amer Ship JButtdlng Co
—No par
44
44
60% Apr 23 « Am Smelt M Refg common—No.par
'. 57%
58%
153
Apr 13
7%
preferred
100
153
153 ?
34% Jan
9
American Snuff common
25 1
*33
33%
140
Jan 26
6* non-cum preferred——100
*134
135
31% Apr 23
American Steel Foundries—No par 30%
30%
27
Apr 22
American Stores
No par ; *24-r 24%
24% Jan
5
American Store Co
No par >v *19%
20%
39% Mar 23
American Sugar Refg common—100 ;
*38%
39'/a
129 •
Jan
6
1%
preferred
100 ; , 123% 123%
19% Jan 12
American Sumatra Tobacco
19%
19%
•-
42
51
7
176
Jan 27
32% Jan
5
21
Jan
38%
Not
101% Not
"•
227
69%
i
36% Dec
35
Apr
25% Feb
8% Dec
50y« Oct
110% Feb
103% Feb
May
<
May
30% May-
Dec
120% Aug
26% Jan
90
Oct
20
:• 174%
Apr
.135
v,
American News Co
Mar 10
Dec
7 v
85
,
*
r
10
24% Mar
Feb
$ per share
Feb
6% Feb
July
14%
,
9
15V4
22%
Tuesday
Monday
Apr. 19
Saturday
Apr. 17
'
,
Anier Maefc Si Fdy Co com—No
5v
88
Apr 19 •
3.90V eum preferred
11
9% Apr 16
Amer Machine A Metals—__No
9
33% Apr 23
American Metals Co Ltd com.No
23
13*
Jan 14
6V preferred
17
v8% Jan 2 VAmerloan Molaues Co
Mar
79% Feb
39% Feb
28% May
EXCHANGE
Feb
16
Feb
15%
147
Dec
I per share
Jan
32% July
" NEW YORK STOCK
>
•
12%
104
104
Range for Previous
127
7%
95
12%
Dec
7%
24'
*80
May
80
6%
53
-
'? 18% May
Lowest
40
*47
Apr
9% May
102
.61
•23%
90 y
-
2%
8%
v
*39%
22% July
38
69%
*59
i
92%
18%
2%-
•
74% Dec
37
July
6
18
38%
103%
<
98
19%
38
2
49
18
*90%
91
3% May
7%
18%
18%
<
*97
48
91
Dec
'
{18%
18%
;
25% May
16
45%
97
Dec
13
44
43%
97
.
Dec
101%
;
5%
87%
171
43%
/Dec
38%
>
5%
171
97
8ep
18%
88
39%
107
<85%
v
5%
5%'
170
•
47% Oct
■
5%
84%
106
43 %\
"
,
V
170
39 %
39%
107%
97
May
20% May
105% July
t
82
170
39%
*107
43 %
94
<
5%
5%
X82%
Dec
108
*107%
108
5%
Dec
166
39%
39%
39%
*107%
57%
132 >/2
7%
*64
37%'
;
577/b
133
62
118%
8%
7%
69
38%
?
800
5,300
X
NEW
"'"
'
Range for Previous
3%
:
30
May
9% May
99
Feb
Oct
28% Feb
14
Feb
25% Feb
11
Feb
90
Feb
17
4'/«. Mar
15%
Oct
91% Feb
8
Jan
9
106
16
Jun
55
Jan
41% Feb
10
110
Feb
88
Jan
29
95 V« Apr
21
110% Apr
2
14
Sep
19
Jan
104% Mar
17%
10 % May
V. 16
::
5
Apr 15
15% Jan
5
12 % Mar 12
Feb
17
19
94
Mar 12
102% Jan
12
Sep
26
Jan
5
29Va Apr
23
Associates
Jan
84
Feb
11
105% Apr
23
Atch
Mar
3
104% Apr
20
Jan
2
53'A Apr
23
Dec
134
Dec
34
66
May
99
x98
Dec
112
;
Feb
16
Feb
96
10 % May
18%
Feb
14% Feb
11
40% May
59
Feb
45
Feb
24
34%
25% Jan
Feb
17
47 Va Mar
6
23%
Jun
62
Jan
77
Mar
68
Jan
22
31 Y»
Apr '
40
Dec
30
Feb
21
102
Feb
105
Nov
113%
Sep
91
Dec
105
91
Feb
20
Feb
57
73
July
55
Feb
13
121
July
104
Apr
5%
97
Jan
8
5% May
Jan
9
20% Feb 25
24% Jan
20
7% Jan
29
Austin
114
,
Dec J
18%
26
14
Apr
29%
Jan
13% Apr
23
19
Jan
10
Dec
27%
Jan
15 Va Apr
23.
19% Jan
4%
6
Dec
15%
8
Jan
13
Feb
12%
12%
99
99
*49%
49 Va
Hi
49 Va
49 Va
"94%
95 Va
*108%
*15%
*12%
109%
16"%
13 Va
16 Va
■
.
13%
99
102 %
101%
103
102
102 Vs
102 Va
101%
103
103%
No par
51%
37%
A—100
109%
109%
110'/a
16 Va
*16%
*13 Va
*98
V v 99%
28t
%
*93%
52 V8
100
*104
V 109
r
94%
V
22
v 22%
64
64 %
*19%
63%
prior pfd ($1.20)
No par
13%
.
.V;
14%'
*67
109
7%
4% May
36%
Feb
49
Dec
4% Feb
Feb
6% Apr 20
26
43 Va Apr
35% Jan 22
Avco
20
5c
14%
16%
16%
—
Co
Mfg Corp
$2.25
6%
(The) common—3
preferred-,
No par
conv
•v;t6%.
103
....
96
96
•','•_
22%
64%
V64%
64'A
7 63%
107
107
107
*21
25: V'
-
41
V.
42
13
V
Dec
13%
Dec
16
May
24% Feb
,
>"
9% May
60
16%
42% Dec
18
■
Baldwin
23
Baltimore
Mar 16
15% Feb
Feb
60
28 Va
July
Jan
37
•31
20 Va Apr
4c/o
23
26 Va Apr
11
23
Apr 21
51% Jail 10
24V» Jan
9
44 Va Jan
5
42 Va Apr
22
Apr
8%
Dec
19%
Feb
18
Jun
24%
Nov
19
Mar
62
Jan
31
Feb
Jan
85
11;
9% Feb 24
<fc
Ohio
14%
?_13
14%
14%
100
11%
12 Va
19%
non-cum
,
75
6%
6% ■I.
6%
4%%
*45%
48 %
*22%
*39%
40
39%
39%
13%
14
.13%:
20
20 Va
20% ,20%
>
Bath
15,;
23% Jan
2
Bayulc Cigars Jnc
13
38
,H Jan
7
V Feb
2
16% Mar 10
90
Jan V 8
21
Apr 15
Works
Corp——1
~
No par
—
;
'
22%
40'
'24
,,
1
/
6%':
5,500 7
; 2.600
>>• 76,400
6%
6%
42%
42%
2,700
7,
f
%'%
' 14%
14%:
1,500' v%
:
15%
15 %
15%
19,800
,
13%
13%
14
Y7
92,900
W
23 Va
24%
25%
26%
78
78
.
23
25%
Y .78
'
,23/.
39%
39%
.41%
■
49%
42 Va
23
22%
v
78
048m
,48% ,'49%;
•
23%
24
78
>:
yV.*39;7'i-,.-39%''!
♦
47%,
23%
460
4,000
23%
23%
r
a
2,000 ??
■?.•;■■'
40
41%
19,100
Va
14%
5,300
7
k2,400
41
;
13 %
13%
13%
13%
13%
14
Y
20 Vs
20%
20
201/i,
39%
20*
35
35%
'35%
89
*88
41%'
:?
>7
>12,700
>' •-'
48%
40%
41
.
48,200 V0
■mm 39%
40%
7<
14
200
...
7-*
15%
13%
24 '/«,
.
77
23
.
U 39%V V39%'
/(. :
39%
13%
<14
14%-.
■
13%
7^719%":. 22% V
77
23
23 7,
*39%
y;i,56o :
••
24 V*
76%
14%'
15»A
<
.
,
12%
0:
48% 7/ 49 %
%
H, ?■ 76%
50
16% Mar 31
Iron
75
46
<
Co—^———i—5
Oil
',24-"
723% 7 24%
75
15
12% 7 12%
i-020^' 20%
19% ■20%
46
23'A
preferred
Barnsdall
13%
15%
•
43
42%
43
r-,7¥;l4%'^i4%7<
14%V>15%'.
V»
12%
v 7
20 V
24 Va
■•6%
13%
16% >16
42%
43'A
': 14% > '15'
V-'
14%
.
23%
-
,
15'
*14 Va
V712
20 Va
23Va
.
Barker Brothers common—,——10
9
Mar 24
Feb
Dec
20%
*14%
Works
common
Inc.—j.—1
Locomotive
108
6 V2
14%
13%
'•*!?
preferred.
100
Bangor & Aroostookcommon—50
Conv.
5%
preferred—:
_'100
Barber Asphalt Corp 4Delaware>-.10
78
x42% Mar 15V
54%
Apr
24% Apr
11;
13% Feb 10
Feb
Jan
<45%
/;
(B t)
14
23
14
39% Dec
May
Babbitt
Apr
15% Apr
10
Feb
69
55%
Jan
15
11
12% Feb 27
V 25% Feb
11 Va May
V
13% Feb
Feb
16%
7% May
2,800
0r.
270
A'
,63%
14%;:
14%
16%
B
"
680
V
*
14%
16
:
.16%
% 42"%
23
1
*13%-
15
310
96%
21 ' '
6%
A
55,400
110
*107
A
24 Va
•6 Va
6%
.700
43%
22%
111%
:
75
95%
*13%
14%
-
6%
V 6% '
6V2
V, 41%
6%
41
14%
16%
37%
42%
•',. 22%
6%
:H3 % 'V.15VV'
14%
16%
■
37
22 Va
*19%
6%
14%
14%
of Amer—5
Co—
Automatic Canteen
4,500
95%
•
Autocar
53%
*70
43%
110
3,400
52%
■
75
42%
1,700
16%
94%
*106 V2
.24%;
6%
75
*63%
107
'7*21
6%
*13%
13%
103
15%
22
<
94%
*106
24V8:
•
6%
103
42%
109
109
93%;
23
V
103%
37%
109
6%
102%
37 Va
93%
22%
V 106% 106'A
25
6Va
15,000
38%
40%
39%
*108%
107
*20
No par
105%
53
*37
No par
common
104%
52%
'
Nichols
105 Va
51%
*67
c
104
51%
72 Va
63%
170
1.200
52%,
38 '4
210
29%
'16
38%
7,
13,100
98%
15%
*37
64'A
1,300
17
110
97%
15%
*67 :
V;
14
16%
29%
15%
39%
38%
13%
28%
;
16
72 V3
37%
270
16%
'
99
23 7,
52
i
HOVa
108%
15%
15%
120
110
*16
2,300
"
110
98
*
102% 104%.
1023A 102%
*67
94%
64 Va
28
;.
50 Va
S5%
16%
109
600
43%
13%
16 %
1G%
45,300
95
:
17
13%
13%
110
*37
fj>< 22%' 22%
No par
preferred
15%
51%
108% 108'A
—100
Corp„
95%
72%
37%
*67
25
series
49%
37
37
100
13%
99'/a
49 Va
104%
*15%
51%
13%
99 Va
16 Va
103 Va
V...
13%
99'A
•94%
V
1,900
370
13
110
102
16
93
99'A
28%
"
99
49%
99%
-
99 Va
5%.
13%
16%
*28
93%
*16
13%
<
16,400
95'A
V110
28%
>
1.800
29%
*109
16 Va
♦109
110
32%
2.9
48%
16%
V?:. * 13 Va
16%
16%
5%
32%
95%
110
::'W *16
13 %
109%
5%
32 V4
29>/4
■"■'
99%
94%
16%
*15%
V
110
100
0
Shares
28%
'
12%
>'!
49
48%
.*94% -95%' V/94Va
:V- 109
109
109
for
the Week
Sper share
*99%
99%
5
conv
Conv
16
Lines common—1
preferred
Atlas Taek
5% Mar 12
Mar 30
127'a
99%
100
RR
V.;"
'
12%
28 "A
Corp
Feb
99%
*98%
preferred
Refining common
Jan
>17%
13
W I 88
12%
;
99 Va
99 Vt
28 Vs
preferred
Line
Coast
27%
Dec
22% Mar
99%
"v
•V
com—100
Fe
Atlas Powder common
16
98Va
'99
98
10
conv
Atlas
5%
32%
29
28 Va
Preferred $3.75 series B
<r
5%
32 Va
28%
V .:
10
.
non-cum
4%
6
5%
: 32%
.v29%
32 Va
28%
12%
*109
*98%
Inc
Atlantic
5%
32%
99%
—100
100
Investment Co
non-cum
F
Atl G &
5
23% Apr
64% Apr
*
Vo
T
,,5%
?:
V".
5Va
Sales
,
Apr. 23
$ per share
share
32%
12%
No par'
preferred
preferred
Topeka & Santa
Atlantic
22
11
2d
5
A
22
111% Apr
9
26% July
1st
7%
1
78'A Mar
43% Apr
9
Aug
21% May
6%
S per
Friday "
Apr. 22
Apr. XI
29 %
99%
V,
5
com
.
23
Apr
Feb i
Dec
111%
Apr
110
12% Mar 16
Feb
100
Illinois
of
••'•vV
Thursday
Wednesday
■
32 Va
31%
'„ >
Cork Co com
No par
No par
preferred—
$4 cum preferred conv
No par
Arnold
Constable
Corp
5
Artloom Corp.
No par
Associated Dry Goods common—1
Feb
25
Monday, April 26, 1948
•
TRICES
SALE
HIGH
Apr. 'Ht
$ per share
t per share
—
$3.75
20%
99
AND
Tuesday
:• ,y
29 Va
31%
Armstrong
Dec
132%
99
2
Feb
14
Co
&
$6 eonv prior preferred
V.
5%
®5VsV
No par
com——10
preferred-*-..
100
V
:
Apr. 19
t per share
Corp
conv
Armour
50% Mar 22
Dec
Steel
4Va Vv
5
14% Jan
11% Mar 16
Jan
nArmco
Jan
Apr. 17
5
Archer-Daniels-Mldland
5
101
i:- >> ■'
Inc
P W Products Co
2
38 V*
.
A
5% Apr 23
32'A Jan
,
91%
137/s
LOW
Monday
Saturday
•;
Par
34% Jan
130%
Dec
103
2 \A
6%
37%
109 Va
;
RECORD
V,<
.
STOCK
$ per share
t per share
39 %
Jim
Apr
24% May
•
CHRONICLE
'
fper share
f per share
STOCK
*
■
EXCHANGE
Highest
Lowest
Highest
YORK
NEW
Range since Jan. 1
Year 1947
Lowest
YORK
STOCKS
■
FINANCIAL
&
COMMERCIAL
THE
(1814)
38
r>
14
19%
20
;
;
*
,
7.7
'
35%
Dec
83%
Dec
17%
Dec
96%
Dec
.
110%
20% Aug
108 %
,
29
Dec
30 %
Jun
.
95
■
19%
7
M4..
a
C
5
Jan
17% Apr
23
11
19% Mar 22
Jan
18%. Mar 16
24 Va Jan
96
11
Apr
.
Jan
6
14
27% Apr 23
Feb
17
25
66
.Feb
35
Apr 23
36 v Apr 23.
137% Jan
9
Mar 16
25
36
Feb
35 Vs
18%
Dec
45%
25
Jan
67
20
Range since Jan. 1
V
11
Feb
11
31% Apr;
22% Mar 16
15
Feb
29% Jan
11
29
>
41
Apr 20
29% Apr 16
34% Apr
9
10
Mar 17
•
77 Vs Mar 16 M'. 96
Jan
20 % Mar
2
51V
Jan
26% Jan
»
55
Oct
42% Feb
11
54% Jan
91% Apr
23
9%
Sep
Jan
2
Feb
3% Mar 16
5
Feb
33% Mar 18
37
13%
Dec
Feb
96
Jan
18%
30
May
23% May
30% Nov
88
6%
39%
"•
Feb
7 Vs Jan
60
8
;
25 Vs Mar 16
Jan
109%
Apr
93'A Feb
Dec
28%
Feb
71
Feb
Jun
Dec
36'A
Jan
106 Vs
Apr
27%
»
Feb
•
Jan
9
May
1
69
Dec
t
27
\
Feb
5
,
26
90 % Feb
14 Va May
26
May
14
14%
9
16% Feb
11
122% Jan
Apr
Jan
*•
„
6
Feb
8
Feb
65
Nov
,
Jan
Feb
14
15 % Mar
8
29 Va Feb
14
16% Mar 16
21% Jan
16%
Feb
Feb
Mar
Jan
Oct
10
24%
Apr
51%
Dec
1%
Dec
Jan
6
104
27 Va
34%
x55
3%
Briggs
77
Apr
13
88
Jan
6
12% Feb
13
15% Apr
97/s Mar 16
78
Jan
98% Jan
23% Feb
27% Mar 17'
t
21% May
34%
Oct
17%
Feb
38
•
18
Dec
Dec
9% May
48%
11
52
Feb
Butler
Jan
16
Butte
23
Byers Co
2
6 Va Feb
8 V« Apr
19
30% Jan. .5
15
Feb
9
115% Jan
2
4%%
*92
Callahan
27%
26%
33%
33%
33%
33%
33%
34 Va
85
86
84%
85%
•83
84%
45
46%
46
46
45
46%
23%
24
24
24
24
17
27%
24%
.
89
;
193A
-
...
7
.
16% V
41
>;
17.
*39%
4,200
700
.
41;...
.
1,200
4,700
'
>
110
■
,.
26%
20,000
34%
:
27 Ve
34%
2,200
00:0:11000
84'A
*83
•
6
Canadian
Canadian
Canada
42%
51%
90%
♦90
9C%
■'•40Va
54%
'
7 4Ya
91%
;
5
37
8
8%
Va
*50
400 a 7.
7,400
200
11
11 Vs
10%
10% 711
30
29%
30%
30
29%
29%
29%
29 Va
31%
;
9,200./
30%
29%
y; .•.'
8,300 ;;
29%
31
V
31'A
31%
33
33 Va
34
99%
99%
*98'A
99%
*98'A
99%
98%
99
99
16% J 16%
16%
16%
...16%.
16%
16%
16%
16%
18
5,500
♦28 V
*92
7 29%
30
30
200
*94
96
*28
7.
*92%
*19
:
.
700
29%
30%
.
..
3,700
29%
V
jV
59 7's
10'%
30
,
a
8%
8%
59%;
V
*50
*50
29%
:
>;
.
737 V...,
10% Y> 10%
'
v
4,200
6,900
,
91%
4%
.
37 V8
•36;
29
10%
30'A
470
1,100
■•>:
'
8% >:' '8%7'7
59%
*50
10%;
25 ?8
53%
.
90%
4%
•
*36
36%
53 Va
51%
7y';> *4%
4%
,36 V2
8%
60%
30
.
.
703A
36
,r
36 V
..
88%
1
pfd—1G0
—Nopar
*
5
>
1
*86
>29%
29%
;
'
94
.
29%
*29
29%?: 29%
*92%
94 :
y 18%
'VV.l9%Vv;
preferred—100
common
M)
_i
■
.•' 95 V/7-
18%
19
20%
19
32
.
30 7
-
•94
94
18%
Co
100
Nopar
1
oomV—.1.66%
preferred
Southern
Ry
Co..
Breweries^ Ltd
Pacific
Ry
No par
V *86
34
:,v: 34V
191/3
32
;>
■
19%
207/a
21%
2,200
350
.77'
99
•
19
21%
2,3007..
86
86
34
86
*84
-*81%. ••■86%
77*7'
*75
-78%
14%
■
<
V;
14%
8V2
9JA
90
90.
'
c
,
*27
14%
"
*89
90
\
7-- 137V
13
7
82%;
84
4
20JA
104
•
..
ri
V 19%
19%
*101
:
,
89 77'
>•;,
104 ?V •v
32%
32 V
32%
.•32%
53
53
53
*53
*84
*75
:
9 Va
87
88 V'
12%
13
84 V 7
04" >>
<
*85
>;••
7.
9
:
>;-■«
•:
2%
2
7%
2
7%
0.
712%
1
.
32%
•7
32%'
32%
v
54 Va
7
29%
32%
32%;
'"7%
*28%
13%
*111
100
*41 VA
_No par
;*+17Va
25
13 Va
28%'
13%
111%
427A
18
13%
'1
28%
7%
7%
■'■>7% :>i 7%
28%
42%
*17 Va
13 %
28 Va
13%
13%
13%
112
111
*53
V7%;:7 8Va
8 Vs
111
29
28 Va
28 Va
13%
111
'
42% ' 43
;
13%
13%
112
♦llff'A
*100%
30%
54%:
-0:20, 7 ' 2Va
'
;>■;
•>
7*
Va
•
18
13%
17%
i
13 Va
18
13%
*41%
*17''8
13%
.
43
"17%
14%
5,100
28%
29
.
30%
'
32%.
*53
2
:■
7.
■.'■/,
102 7
31% %
.
,
32%
7
%•/
7%
29Va.
.
4,400
30
14,000
7%
29%
20 >■•
7.4,500
>
53%
::>•••• 2 Va
21,400
r
1,600
13%
13%
13 Va
111%
112 7/a
112%
113%
42 V3
42%
*42 %
',44-
*17%
17%
17 Va
17%
500
15
15
15%
151,100
14
14,400
>'•180
■'
43
195667"!
■,«'.--180
1
•
29%
*53
•
.
7'
102 V 102
101%
28 V
'
15%
88:
.
20
101%
2V8
54%
'
380 /.>'
c.fr;
>:>
9 Va 'r
*86 -A:
-
7
,
.
1%
2
•
:
■
2 Ve
2 Va
80
1,700
>>15,500
••86'".
;
UMiA. '*75 ■('.
15% >7
:>>;•'. 15%
*
*32
7 7.53
85 7
V,
.
12%., >• / 3^00 -7
12% : > 7,.12.3/t
84 'A. 84 77 77 -0/./. 100
84 >..V 7
*82%
4 ,'7,
4 I-Va
V
3% V 3%
1,700
20 V4. '
21 Va
20
20%
■;■'. 2,800 ..
V'.;
4 A'
3%
'7 8 57 ••>
80
*86 >7
84-;;'/
V*82%
,7, 20
20 Va
/ 9
%;••:••>.;:>■■
•'86
-
>*14%
14% ■'
V.9.
V.7.,*27% ,28,;.
27% >.27%
85
7 V
'■7
*10l Vv 104.7 V;
27%
.
r
20%;
85;
V
;i3v;
T9%
34%^.
€00
-sioo?:
:>■...-.
>.
20
.
,
i;;;" V706v';.
•
20
7V
• 77
21%
34%V/>v
34%
80
•7; 714%
9y«!
21VA
•
;7:;197>y
86
78%.
•'
;■-'
20
30,300
V
.
34%
86
7>*
89
334
21%
;>
,70%;
.777735%; '.35147'
•86V*: 88%
88%
21 Va
■
*84
**
V
:7qv4
36%'r
*86%
88%
*85%
14 T a
9
13
3%
19%
86
:>•* *82%
3%
19
80
14%
9Va V-.
8%
33%
34
85%
ViVi>8l%
CA 14%
>7V*
21
;
•
78% VY'7: *75
84 77*
*19%
?
7
.
20%
19%
85 %
;7>77
36
36
20%
cX 34
•
13%,
*3%
V *101
86
70%:
•>
*86 7 :
•■-AvV
.
11%
11%.
7-70 V
36
88 Va
■■
19%
19 Va
:
•
\3Q%
70%
34 Va
*8eH
19%
85%
>/
10%
70
10,100
123%
123%
123% ; ;
10%:
V
36%
v
123%
7,
10%
70%
ri't
•
19%
69%.
>35%'
88%
v..
125
10%
36 %
19%
5
Nopar
'
•
•>'
70%
21'/a
20%
*123%: 125 V.
•■21%
c,^>123%'
v
77 70 Va
,>■'7 36 V*
>V19% *59%
V
13
—.100., V.7 *82%
common
125
.20%
.10% ■? 10%
10%
15
Zinc
7*123%
21%
333A
_100
—■
—
^
'•:: 21%
19% '19%
v
common—.1
_.i—100
Dry Ginger Ale
conv
41n4
V
*887A 790%:
.7.4%
-
45 Va
39%
;
41 Va
41
51%
42%
••51% V. 52%
90%-
45%.
24%
'
41%
52%
♦50
21V4
125 /v
10%
Calumet & Hecla Cons Copper"
5
Campbell W & C Fdy^—
No par
$4.25
-..,
23 %
8Va
■
19%
21 1
*123%
'
preferred—^.100
Bidg 7%
(A
46
.
94
70%
AAi
Zinc-Lead
18% Jan '
43% Apr 19
26%
>7*88%
29'A
.
'
California Packing common—No par
5% preferred
50
15% Apr 23
*28Va
>
participating preferred
10
For footnotes see
page 28.
'•/
Nopar
preferred
14% Mar 16
4
28%
28
16%
Nopar
■
Copper &
38% Feb. 11
Mar
28
26%
•s>V4%''a:4% V-7
*36%
38: ".7 '-
99%
16%
.
—100
2nd
Byraa. Jackson
Can
28
16%
30%
99%
;
*
par
common..—5
—■——
Bros
Feb
Feb
Co
Terminal
Apr
-31% Apr 23
27 Va
-Vyv;./.:'-
preferred
Term
7%
28 7
*39%
29%
*30 '/a
>
2.50
i.100
No par
Nopar
preferred
4
3
16
16%
16%
51%
10%
30'A
*29%
common-^—15
Bulova Watch Co Inc
jr 25% Feb
15%
Inc
Burlington Mills Corp
89 :
Feb
31%
16
27%
ITv
41% 7 42 V4""-'
8%
30Va
Nopar
Niag El Corp 3.60 %
21 Va Apr
104
31%
16
•
preferred
oonv
;
>
9
31
15 %r
39%
23
60Va
10%
Nopar
(The) Co common
$5 preferred
Buffalo Forge Co—
3%?r
3Va%
8%
*50
*
.
30%
15%
.
Shares
tper share
s1\are
for
the Week
30%
*86
4%
J-
Burroughs Adding Machine—No par
13% Apr, 14
$ per
S per share
39%
/-46»
■
37%
—No par
Budd
4%
Apr. 23
28%
28
Sales
Friday
Apr. 22
:.31% :',31Vi
•
90
:
434
15
Bush
2
13
■f
Thursday
'
,,,2.50
preferred
:)}'• >v
Buff
900
,16%
52%
*36%
-
Bush
18
24% Feb 11
13'A Mar 29
Co
90
;
>
;7
15
2JA Jan
108% Jan
v
1,600
12%
41
27%
41 U
23%
42%
.
12
53% Feb
11
Ino
of America
Stratton
Shoe
7f#
63%
12%
41
89
23Va
42%
7* >51%
23
Apr
33% Jan
Jan
5
10% Jan
5
.
'
a.—15
common—
95
1% Mar 12
Feb
Feb
132
15
Dec
8'A
Dec
Mar 17
Jan
6% May
12% May
Mar 12
2% Mar 17
16
Oct
5
9
-Mar 16
&
Bucyrus-Erle
v
4
6
13
7V» Mar 16 '
Corp
22 •'I Bullard Co
Jan
79
88
Feb
89% Jan
Oct
,
110
Mar 81
88
26
Feb
22%
6
79% Feb
Feb
108%
Jan
81
Dec
Jan
83
Airways
$3.60
2
21% Apr
36 Vs Jan
24%
May
36% Jan
*86
*46
preferred
100
(assented)_100
Bearing Co
5
cum
Brown
14
Jan
Anr
88
19
13
22
74
Feb
95%
13% May
94% May
x32% Feb
3
11% Apr
Feb
100
May
,
38 Va
104%
6
20
Mar 30
23%
80
12% May
Feb
Mar
Corp
Brunswick-Balke-Collender __No
21% Apr 23
-
'
15%
27%
7
600
62%
12%
PRICES
*30
16 Va
*16 Va
31%
1
Briggs Manufacturing
5
5
124
31Va
28%
9,700
Apr. 21
.30.
7>
39,900
137
63
12%
12%.
35
36
35%%34
Wednesday
'
.
$ per share
16
'
42
28%
:
SALE
HIGH
Apr; 29
17
.
*40
27%
.
.No par
28
17
.
28Vt
*62%
63.
*12 'A
.30%
15%
63'A
33%
35%
136%
12%
AND
33'A
34%
135%
7 63% V
Tuesday
a
# per share
7.3.0
30 Va
15% 77l5%7;
2.50
Bristol-Myers Co common
3%%-preferred
—*
Brooklyn Union Gas
9
21% Jan
Inc—
Bridgeport Brass Co.i—,
7
16
102 W,
22%
12'/«
27%
'
Nopar
Roller
Brewing
6
100% Apr
18% Jan
9
94
14
86'A
80
64
Dec
63
12'A
32%
33
;
34%
35%
*135% 136
,
>
,100
72,400
,
27%
'
Braniff
2
32
13
17% Feb
37%
25 % May
80
Dec
-
20% NOT
125
62% 7.7
12%
t per share
*au
No par
B
Bower
■y,.,■
13 V$ May
.120
62
12 Va
:
'
85 %
26%
5
11,600:
>1,700<
17
23%
*84
84%
27%
24,200
'
135 Va
62%
84 Va
26%
32%
35%
1343A
12%
W%
26%;
33%
-34%
No par
Co class A—
Ami
3 Va %
10
37
15% Mar 16
25%
.
30
28% Mar 10
Dec
20% Dec
32 %
35%
*62
j__l
*84
x26 %
2,100
35%
16%
27
7
1,700
100
723%
134%
LOW
Co
17 Va
23%
35V8
Boston & Maine RR
>■
^
15%
95
23.
11% Feb
x27% Mar 17
Feb
Apr
W)
16%
23%
134%
Apr. 19
(E
17
23%
26%
Monday-
Borg-Warner
Apr 23
3$Va Jan
9% Mar 16
■j-■
Feb
31%
63
'
33
32%
16%
23%
351a
35 Va
LNo par
Bordeir Co <The)j.——
9% Mar 22
Mar 23
40%
'
27.
34%
i
:
7? 2,200
..
22%
*98%
77:
7.,'
v85%vs
*85
7.85%
Apr, 17
Class
5
Dec
*85
; 27 ;
18
22
A*
35 Va.
34%
17%
2&V2
.
17%
17%
23%
p
-.23%.
>32% 732%
—No par
Bond Stores lnc,7i———
7
17
.
34%
6,400
>;1>76O
36 Va
"17%;
22%
100
*98 Va
35
/-loo ;,
>
14
A
>133% 134%
Bloomlngdale, Brothers——No par
Boeing Airplane Co
5
Bohn Aluminum & Brass
_^a,5
Bon
5
37% May
Dec
17%
22
22%
3,100
34%
36%-
,
17%-
1,200
^366
,<•
90%
14
•32%"
: 17
17%:
100
*98
36,
36
16%
-
.
16%
89
" 20%
*89
14%
.34%
.
36
(
20'
90
:
14 Va
♦32%
A18 00
-
777:22 v,
22% :.j
35%
34.%
,23% 0 23 %
Saturday
Bliss & Laughlln
■
19
4 V..
v
90
■
Bliss
>
12
41 % Ma£
v
2
7
0 17V4
.35.; v7
.
<7-:.ia
100
*98
■
fc'3%
26%
Par
17'A Apr 16
32% Mar 15-
21% Feb
5
42% Apr
81
►
Carpet
Electric Co
177a
22 Vt
100
A
90
14%
*35% 139.
;
18Va
•
:
20
20
34%
,1b Va
16%
,
Ytl8%;
?2 V.,
i
.
'34 %
23%
*85
f
'
21%
•97
7
34%
.
t l7Va
' 23%
>
,
—.100
Blaw-Knox
23
24
102
' 24
com. No par
Black & Decker Mfg Co„
Co
L
1
.
16'A Apr
Feb
Dec
(Del)
J per share
•
Feb
38
3% May,;
May
',
100
EXCHANGE
Jan
32
:l;%»97 ^
16%
•87%
90%
14
35%. r36%
A
•<
■
20%
*32%
34%
*32%
35%
87%
•89
90%
:,.;14V-.-. 14%
34%
NEW YORK STOCK
Highest
49%
88 Va
19 •,*■■•'•
——:i
—
Bigelow-Sanford
Birmingham
28
Jan
:'( 35% Feb
16%
187/s
1946-No par
ser of
Steel
14
X13
Feb
116
Dec
May
16
% 18% >18%
t 21 Va
21 Va
10
common
preferred——
63% Apr
38% May
•
7%
14% Jan
$ per share
i
Dec
59
35% ",355A
16'A
*16
14% ,14%
STOCKS
41% July
24% Oct
14% May
29% Nov
35'A
1
Foods——1 7
Bethlehem
28
Lowest
Nov
14- May
28% May
89
Jan
x20%
35 Va
—10
■20%
•89
90%
,
14%
34%
*32%
35
20 Va
90
*87%
20%
14%
—,—,,,—5
pfd $3.25
(b Co,,
Best
Best
7
:
*32Va
i
Aviation;
23
■■'V.■/■■
$ per share
•',
May
Co
—
Co
Feb
12
Highest
12% May
18% May
i
Howell
Range for Previous
$ per share
:
•
*89
91
*89
-
•
50
Packing
Cum
.
35-
20%
1
53% Jan
>18% Jan
Year 1947
-
&
100
preferred—,,*-,—>.-^,100
87% Mar 10
23% Feb
<
20
30% Feb 27
Dec
Bell
pfd
Bendix Home Appliances
33%c
Beneficial Indus Loan com—No par
80
123
43/a%
RR_
2
Feb
Oct
20%
5
Jan
Jan
20 Va
21% Jan
23'/a Jan
32%
.90 V
20%
24% Jan
16% Apr 23
Jan
150
Apr
•87 VA
—2,50
Bendix
35Va
Dec
7
90
35'A Apr 20
Nov
—
Si
(A
Beech-Nut
8
Feb
26
103%
Dec
Shoe
Belding-Hcmlnway
yBeU Aircraft
2
93 Va Mar 16
.<
28%
Lowest
•
.
37
Beck
5
16
25%
46% May
-13%
Feb
"
17% Sep
21% May
77% Dec
133%
Creek
15% Feb
Feb
35%
*87'A
;
86
35%-, 35%--
35
*35
Aircraft
Beech
14 Vs Feb
A 39%
May
24%
Beech
8
Oct
106% Aug
Dec
28
Mills,
9
Jan
32 %
25
.,100
common.:
pfd
Inc—
16
24 Va
16% May
Beaunit
Co
conv
Jan
18 %
,
cum
15 Vs Apr
18%
107/s May
.
Feb
Foods
3%%
34 Va Apr
Apr
2
8% Jan < 2
36
Feb 11
Jan
39% Mar
12% May
*
100
89
Feb
12
40
5% May
,
Beatrice
s
14%
-
v
210
7
1
!
Volume 167
COMMERCIAL
THE
Number 4693
••
(1815)
FINANCIAL CHRONICLE
&
19
NEW YORK STOCK RECORD
*1*
Range for Previous
■:
Year 1947
Lowest
I per
Lowest
Highest
$ per
share •/.
33%
11
Apr
14%
May
57%
'11
Feb
102
Dec
13
14
Apr
21
21
55
Feb
.6
18
109% Jan
Carolina
Clinch
31% Apr
Carolina
Power
&
Feb
21%
Oct
4
Mar 16
•17% Jan
Carrier
35% Mar 30
43 % Jan
COli'v
32% Mar
35% Mar
9
' 7% Apr
46% Jan
Feb
5
Feb
26
28%
156
Feb
19%
Dec
21%
Feb
*17%
Dec
22%
7% May
14 Ys
102
Jan
21
137
Jan
2
22% Feb
28
27% Apr
23
20 Va Jan
o
18% Mar 13
10%
Dec
4% May
8% Jan
8
Central Foundry
8% Mar
3
Central Hudson G &
Jan
Feb
107
2
79
4
7% Jan
16%
Oct
11
Mar 11
Dec
14%
Feb
8
% Mar 19
21 %
11% May
■jt 22% Feb
'13% Feb
10% Jan
19
10
Jan
/•
18% Apr 23
13% Apr-' 1
6
Dec
?v 35% Mar
Jan
■
28% Apr
Violeta
de
Cerro
1
Pasco
'
'r
30
;
19% May
100%
Oct
24% Feb 28
38
27
20% May
Feb
17% Feb
24
116% ian
Dec-
18
16
Feb
90
_:_1
•
."—I———No par:
Jail' 14
Chain
Apr
''
Champion Paper & Fib com—No par'
16
100% Jan
Belt Co
Feb
9% Mar 16
14% Jan
5
Checker Cab
23
Jan
30%
Oct
25% Mar 16
28% Jftn
9
Chesapeake Corp of Virginia
40%
Dec
54%
Jan
39% Mat 18
45% Jan
9
81%
Apr
J
7% Feb
90
83% Apr 21
Feb ll
7% Feb 11
102% July
Dec
3%
Jan
29
11% Apr 23
12% Apr 14
12%
Jan
12%
Dec
4% May
8%
Feb
6
Jan
24
7%. Jan
14
8% May
4% May
15%
Feb
12
Jan
2
Jfi% Anv
^
2%
*
9% Feb 11
7% Jan
10% Jan
6% Feb
Dec
;
'■»
6% May
14%
Feb
23% May
13% Nov
38%
Feb
27%
Feb
:
33% iNoV
53%
Feb
;
20%
34%
Jan
51% May
56
i
in..
H
15%
Feb
Jan
21
Feb
7% Mar
4% Nov
1
56% Sep
23
66%
Dec
v
Feb
28
Feb
48%
52% Feb
>
V 23%
Mar
94
Dec
20%
Feb
23
May
Jun
95
34*%
lof
43%
Jun
27%
Jun
35% July
2
jfeied"
ChicTnnati ^las
Cincinnati
6
64% Apt io
If % Jan 61
33% Jan *0
Milling Machine Go—-10;
1 T Financial
Corp——No par
107;
Jan
' 5
Jan
72
Jan
2
Dec
57 '•
Dec
24% Feb
May
39% Mar
14%
32
34
Dec
>46% Mar"
.154
-Feb
Deo
:
69 J; Dec
*56
Apr-
,
40
l
.
Cleve
Mar 22
3d'A Jan
:
Pitts
&
-Special
CWnten
4%
gtd
stock
Industries
5
Clopay
36% Jan
8
Chiett Peabody & Co com
16
142% Jan
16
81% Mar 18
91% Jan
0
Feb
Corp
—
evttP 2fld
Highest
'
•••'
-
$ per share
141
191% Nov
-May
x61%
65%
Jun
1140
May
33
56
Dec
18
,
11
183
61% Mar 25
37%
Jan
63% Feb
45% Jan
9
96
25
88% Feb
Feb
46
Feb"n
19% Mar 17
105% July
i-JNopar
Coca>Cola Internat;Corp»a*^Nopart
Collins &
2
2
11
22% Apr
23
Colonial
11
16
16
Colo Fuel & Iron Corp
Feb
11
Feb
11
Feb
11
8
16%
12% Feb
Feb
13
13
4%
16% Jan
v
May
21%
Dec
21%
Nov
10
Apr
20
22% Feb
11
28% Apr
10 % Feb
13
4%
12% Apr
Jan
22% Feb
32%
Jari
,; 12% Oct
Feo
11
13
67
Apr
39% Aug
28% Feb
27
86
Feb
felQ/V
36
Dec
35% Feb
5
36
May
48%
Oct
36% Jan
23
87
Dec
115%
Feb
90
Jan
2
96% Mar 23
26% July
20
Feb
2
% Feb
20% May
Feb-
50
:
4
;.'.2% May
•
Jan
13
Dec
123%
Jan
96% Jan
2
25%
Nov
33%
Jan
25% Feb
14
8 % May
23% May
'
1
14%
Feb
21
29%
Nov
104% NOV
03.60 preferred
10
Commonw'th
Apr 21
06
15
com—No par,
preferr^ serieS_i—i^Jo par
Commonwealth
8
South
&
Edison
2
Conde Nast
1
Consolidated
Mar
103% Feb
105% Apr
10%
-
Dec
40% May
20%
:
■
Feb
11% Marie
15%
Feb
9 % Mar 31
54%
Jan
19%
May
12% May
Feb
19% Feb
r; :
Publishing'Inc—No par
05
6
17% Mar
99%
Dec
32% May
94 %
11%
94
Dec
Dec
Dec
30% Dec
v.
95
"9
38%
Dec
Dec
v?
Feb
48
Feb
104% July
20% Feb
i
preferred
35% Feb
22
10
:
May
13'A
Apr
"55%
Dec
14% May
12% Apr
19
Feb
27%
55
Dec
May
-For footnotes
see
13 "a Jan
5
4%
17
14
19 '
7
Feb
Feb
10
46% Feb
-
14
27
55
11
Mar 16
19% Mar
9
:x49% Mar 17
page 28.
-
60
85%
12%
:
$3.75
preferred _t-ii_i4iis.=No par
Inc
cominon-ii.20
preferred
Diamond
Insurance-—.
16
6.
Continental
r.
Fibre_'J__
V
Oil
of
Steel
6,200
10%
9% ;I 10'A
10%
10%
105/e
11 '/a
18,600
5%
6 Va
674
7'A
8%
Z'":C 9%
10'A
22,900
55,500
;
3374
Delaware
Corp—i.
l
.
14
9
34
53%
■
4 %
4%
4%
59
3374
34'A
54 %
33%
3474
r
11%
11%
',
4% :
'■ 17
17
"
63
63
62«/2
37
59
60%
58"%
*36
26%
26%
'26%
99%
*96%
2-4%
24%
38
37%
38 Vb
37
30V4
30
30%
8%
30
30
*>;
*
27%
84%
84
18%
*169
88
109%
108
'
31
32
:/
36%
:
17-
8%
88
107%
107%
75'i/4
77
/ •
Monday
Apr. 19
HIGH
AND
Tuesday
.
*1200
>-
20
8%
;
34»/3
10,700
17'A
27
139
f'*
161
•
KV":
/
.
;
"
1,600
8%
3474
34%
5,700
3474
/ 139
*140
89
2,700
;
141
88
89
.
40
1,000
62%
*1200
—
Shares
t per share
share
161
*160
!
1.
1,100
260
62%
62
for
the Week
Apr. £3
Apr. 22
; ...160'A 160%
v-:V 62'A
62%
V
*611/2
Sales
Friday
Thursday
$ per
share
161
-
'
i-
100
PRICES
$ per
$ per share
78
47
8
17;
"" •VS 88 X
Apr. 21
160% 161'
€1%
60
*75'A
*45
1674
Wednesday
/•/ ;'"«1%'
330
4,100
10774
27
140 »/b
SALE
.
Apr. 20
107%
f
88
7,700
31'A
8%
34'%.
87%
37'A
26%
8'/b
140
31,
J; 26'/2
•■.
34 %
"•I
109
.
46%
■/■/; 16%
.
169"
-62
62
*45
8%
;
;
it per share
160v
75»A
•
45
16%
88
90
31%
26'A
141
190
*83
30%
8 Va
*87%
"
•
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■
31
16%
*140%
1
800
.10874
'
141
V 1,700
108%
26 '/B
.
v'
;
18%
108%
*
110
84
33%
36%
107 8/8
200
3,000
15,100
1874
36%
•;
*75
45
34%
■
7,900
*31%
>
;. 36%
17
34%
r 1,200
90
26%
>: 8
8V4
34%
87%
190
16%
26%
34%
:
77
45%
*169
26%
■'
16%
26'%
1,600
8%
109
107%
■
30 74
'
108%
*45
/:/: 32
t.
36'/2
v
30%
*74
; 75 ::•44%'
75
44%
A 30
;• :8%
'':*80
r
36%
31%
*107%
1874
32
88
"
107%
107%
3874
:
,
*108
108
84
*83
190
,*83
V
26
'•8'A t.-
18
31%.
190
32%
109
18%
*83
36
99%
24%
30'A
8%;
841/a
*169
36%
27
991%
3774
,
38
30
31% :
88
30%
C
-
18V4
.
32'/4
32
A
26%
24%
8%
130
46,800
A
99%
"'/:, 37
'
;
27'A
*81
190
*189:
39%'
61 Va A 6274
27
>
4O0
6?V4
38
84'%
18%
32%
•
62'A
A
8:%
841/2
19
3o
K
62%
*98
;
37%
•
8W
8'%
5,700
61%
*24
.
99 %
V 24 % ;;
24 %
300
400
4'A
4
38
*36
59%
*96%
:
■-"■•
■
591/4
62'/a
V.-,
■37%
.
4'A
400
21,500
4,500
17'A
17 »A
V4'.
'
VV 4Va
4%
4,900
':•■>
5874 .5974
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UVs
;
59%
,
S
12
17%
*16%
•
37
37%
*1150
*1200
V
44%
44
44>/a
43 'A
43%
44
42'A
43%
97
90
96
96
96
*935/b
95
95
95
22%
23
22%
23
22%
23
21%
22
21%
21 Va
22
22%
V A 12,500
15%
15%
15%
I6V4
15%
15'A
15 VB
15%
16
AA 12,700
15%
18'A
23%
21%
15%
23'
21 Va
23%
21%
18%
18 Vb
18 Va
18Va
18 Va
18%
18'A
18%
18%
13%
1374
1 4%
44%
*96
22%
21%
43% :
•
...
V
7,200
290
8,000
•
1,600
12%
12%
-12%
I8V4
13 Vb
13'A
131/4
14%
14%
13%
14V2
13%
14
14%
14%
1474
15%
•13
13%
13
13%
♦131/4
1374
15
670
27
27
27'A
28
2,500
•12%
13 "
-
27%
27%
28
12
12%
12
12
65 "A
65%
36%
36
42
92%
'
*35
42
91%
■;':••
42
92%
92%
237/b
23%
2%
2%
*104%
9 V2
30
33
33%
29%
01
22 Va
104%
104%
>
30
5%
93/4
97/b
49%
49%
104%
■
104%
16%
X
X
34%
34%
14%
V.)/
15%/-
■
•/•'
103%
35
39%
2274
25,600
104%
104%
104%
10474
1,900
1 T6V4
16'A
15%
9%
9%
;
50
-
-v .'50 5/8
237/s
13'A
13%
14%
34%
••'34%
34%
••
103%
103%
40
39%
39%
1,100
10,800
22'A
12%
103%
V
6
22%
23%
s
2,600
29%
574
22'A
13%
'
15,100
4,700
33Vt
29%
6 A"
/'/ 12%
:
33
30
'5%
22%
!
13%
VV *34%
39%
39%
24
9%
3,300
16
1,400
9%
50
50'A
2374
4,700
24
<
3,900
3,800
12%
1274
12%
13
13%
13'A
13'A
13%
13%
>
14%
13%
14
35
34%
35%
•'
'
'103%
1033A
103%
103%
39%
39%
•39%
3,000
32,300
39%
•<
1,000
1.230
3,300
.
,
*96%
97%
97%
97%
*96 'A
97%
•96%
97%
10
12'A
12%
12%
12%
12%
12'%
12'A
4.200
12 »/a
■'.: V 12%
85%
85'A
89
300
36
8.900
12%
~
•86%< 89
35% >36
35
ix'p 97
llVC '11%
.
54Va
541/b
59
57%
:
•
19%
'
•:•
8
>
19%
26
VA
f
11%
11%
53 3A
53'A
7%
7%
57%
-■
35
♦96'A
58%
19%
19
>
7%
59
•
17%
35 %
25%
'50%
51%
-
35%
97'%
11'A
11%
1,600
54
53'A
j
100
11%
97 A:
*96
53%
2,800
8%
8%
8%
30,300
59'/2
59Vb
59%
17,300
17%
5,600
18%
1
25%
26
52
X
97%
,
53%
■
58%
*51
35%
34%
*96%
*11%
Va
54 Va
7%
58
,
26
51V*
11
53%
,
19%
19%
25%
'-51
>'
8
•
-
97 /•
11
7%
■
36
v
-
8574
86'A
e'en
89
*86%
"
"
97%
*96%
19%
•
157/a
33%
331/4
*29%
//
'12% V
600
974
*96'A ' 97V2
8
59%
25%
52%
13%
103% -103%
11%
19%
*25%
^*51 %
12%
13%
161,700
27%
9V2
9%
50
49%
-.
22%
22%
127/s
-
15%
54'/a
,.
; 22'A
12%
13
,/
98
58%
49'A
49%
27Vb
10
1,680
14,700
105
10474
I
.
2,700
:
3
27%
'
:
16%
'
27/B
105%
22%
97/«>: :/•> 9%
9Ve
Hf?'49%
21%
22%
7%.
V
10
•
1,800
v
421/4
3
200
2,300
25%
9'A
6
1,400
W
92'A
25
27%
/
331/2
♦291/4
16%
16 Vi
15%
16
41%
91'A
24%
105%
9%
22
104%
41%
92
274
-
31,600
40%
24
271/2
I:;
/
3
*40'A
1,200
;
36%
90%
105 ya
22'A
16%
41'A
35%
41'A
411/2
921/4
26%
■
104%
36
40 %
23 %
*33
30
•*:
35%
"'V
36
/V 9%
:
.
57/e -•■■g
4
5Va
22
.
67
•63
•:
>
*104%
9%
33%
*29%;
•
*63
1,330
12
67
1,040
<
12'A
12
40%
2%
26%-
9%
33
34
30%
5%
22%
24
26%
9%
12
12
v
'
106%
267/o
12»A
12
91%
r
27/B
106
12
67
41%
23%
26%
27
23%
M-i 2%
•104%
27
35%
/
40% >
41%
>
27
40%
35%
40%
;
40%
■
26%
12%
12
*64
■
27'A
-
12%
12
'v
12%
•
13%
27%
27 y4
*26%
27%
12%
12
•
67
12'A
40
*12'A
•
28
28
*65
11%
:
;
A 7,700
*54%
'
f
32%
e
23,200
40%
33%
54'A
32%
58%
1874
39'A
54'A
34
331/2
53%
.
18,900
17%
•
39'A
.
32%
'
58%
f
24%
54%
.
f
33
;i7% /■
'
'
*11%
11%
•17%
9%
32
•'.! 33%
53%
31 Va
v
*16%
v
9%
-8%
;
•
62%
9%
*96
5
Cooper-Bessemer Corp com__Nopar
03 prior preferred
i
No oar
*5%
5%
59%
•;5:-;.7*837
2,700
15%
37
■
35,600
7%
15 Va
63
59
-
♦
15
62%
,i'
1274
12 Va
;,Ai 7%
14%
*35%
•
9,200
14% /i4Va
■
15%' 16
*34%
34%
/• 103% 103 V%
39%
39%
*96% ' 97%
12 r 12%
* *85% * 89
35
35%
5
•
5,100
.
14%
:p* 11%
11%
1VA
•*
.t-10
Continental Motors—
•continental
16
19% Apr
•
No par
Continental
26% Apr* 23
1
„
7%
•
900
574'
11 % '
11
"12%
71/4
/.
85 'A
%
•
47,600
8574
;••••: 5%
11%
12%
6 Va
:
/
5Ve
iu::xr;/;
11
/ 42 '/a
.
14%
60'%
13%
Continental
; Jan
67/a
60
> 12 %
Aircraft.:
Vultee
Continental Can
<
23 V
Apr
53
12%
7%
59 Vb
98
WU
10
8% Apr
5%
10% *
12%
26%
22%
V12%
Jan -*'*2
-.11% Jan
11%
61
24%
1
cumulative
$5.50
Jan
Jan
-
Co
preferred—
100
Continental Baking Co com—No par«.
14
Apr
6
85%
5%
,
12 %
: '
98
Inc_„_10c
pfd—100
Stores
Textile
preferred—it
L«No par
Contaii^f Corp of Artitrioa com—20
90
48% Mar 17
5%
40%
•
100
28%"'
*28%
28%
40%
40%
83 Vb
83%
32%
26%
49
$4.50
98
-10
9%
Consumers Power Co e0m„t.No par 1
*
12
36
Oct
43
Jan
Confidlidated
3
Feb
35
Consolidated
5
Mar
93
Dec
12%
Consolidated: Retail
84% Mar 23
Feb
55%
Consol RR of Cuba 6%
42 % Jan
•
220
6,100
9%
42
16
5
Consolidated Natural Gas__1—15
30% Feb
Feb
Corp_tL1.33%
15-
V 98
10% Mar 17
110% July
Grocers
Consolidated Laundries Corp—
19
35% Jan 16
11
94% Feb
5
Consolidated
Jan * 2
105/.Jan
';'*27%''
40%
'
53%
104% 104%
—No par
14
27
»2
x
13% Apr 1G
16% Mar 20
20
32% Feb
106%. Apr
44%
Feb
100% Jan
.
114% Feb
May
6% May
44
'
/ 12
6
Jftn ' 2
"Jan
12%
'
28%
10%
i
37
39%
9%
*33%
*29%
5%
Cigar—^Nopar.
25 Va Jan
24
Feb
12% Mar 31
'f'H
10% July
5 30
51
11
11 -
'"
......
11
43% Mar 18
Jan
30
17
17% Jan
13
40'/a
558
7
26%
''/■•a;/-;
1 11% May
■
*27%
86
5v2
'
,
,
12%
32 %
12%
26c,'a
Consolidated- Coppermines Corp—5
Consul Edison of N Y com_tNo par
Mar 20
23% Jan * 5
5
10
41 Va
-
*16%
92
92%
2323%
~
2%
2%
*104% 106
Congoieum^Nairn Inc^——-t-NOpar
1
21
Feb
;108% Mar
28
;
56
•.
—25
Co—
11 V Jan
6
1274
84%
*11
'68
42
.
Commercial Solvents —it—No par
31% Apr
11
1274
12%
13
12%
-lOdr"-
34% Apr
4% Feb
13
96%
11%
4,100
12%
14
*65
*36%
39%
?
Credit common-..—10
Commercial
10
Fob
7
4% May
/x'96%;
56%
33%
28%
28%.;/..28%.
12%
12%
2.50 v
11
«
96%
96
6
4%
200
30
*29%
2374
32 %i
28%
No par
Mar 17
-*29
29
-
21%
t
13%
*12%
A—2.50
8% Feb
Nov
35%
Apr
non-rum
28% Feb
Jan
33%
30
3
105% Apr
x28% Jan
•29
29% ''•/;
'
*53 %
45
97
22%
*12
1st preferred.::.-100
2nd preferred
100
Columbus & Southern Ohio Elec
25% Apr 23
10
94
non-cum
100
Pictures oommbn^_No par
04.25 cum preferred w IV—No par
Columbian Carbon Co—__No par
13
37% Apr 16
41% Apr 22
42% Apr 15
30% May
Ry com
Southern
20
Columbia
Mar 31
19
22%
&
:
Class B
Feb
Dec
Dec
7
♦1200
21
15%
*18' '
com.^No par
preferred
Columbia Gas St Electric-
Mar
11%
63
Inc_^
conv
Columbia Broad Sys Inc cl
29% Apr
32%
cum
Colorado
9
17% Jan
11% Apr
Feb
5%
16
Mills
5
Feb
15,000
96
12%
5%
62%
*96
21%
?
:17%
1674
.
2274
10%
88
44%
—No par
Aikman
16
17%
17%
96%
:v
10
;* 1200
Colgate-Palmolive-Peet com__No par
$3.50 preferred
No par
Jan
12% Feb
9'% May
16%
;
16%
y
23'A
.
14%
8'A
34%
*62
100
11,200
'
; 22%
■
6%
14%
160% 160%
.
A
2,100
974:,
25
Vi 24'A
96'A
'
5%
12%
•
;;
$ per share,
2
Class
1274
9%
10 %
25
22%
87%
5%
16%
V
Par
Coca-Cola Co .(The),. «)mmott^No'par
12
11%
*9%
24% '
24%
22'%
41
*86
Apr. 17
2
17%
May
28 /
40%
Saturday
•
Apr 26
Apr
18% Apr
15 % Jan
11
10,900
*28%
LOW
Feb
16
"
.
100
18%
23%
'
16%
*81
V//r:*
'/•
V"
18 J Oct
May
16% May
/
90
80 V2
29%
40%
11%
*27%
♦140%
20%
22% Oct
Aug
12
8
Feb
16%
10'A
x24
'
I
28
.97%
26%
-
34
pfdi*—100^
$ per share
I per shaft
153
Jan
Dec
23%
!
16%
•
1,400
78 Vi
16%
79
*28%
"
11%
..
,
75
47
8V4
1
1
May
May
87
26%
^;K^tXCHANGK.
,
Jan
1155
*96
.
36%
.*45%
16%
,
No par
NEW 'YORK STOCK
v4'
i per share
12'A
*9%
1
*
79
6,800
106
22Vb
28%
STOCKS
>
Range since Jan. 1
Lowest
Highest
-
i53/4
,
16%
11V4"
;
17
16%\
23%
'preferred
Range for Previous
Lowest
;
17%
28%
*108
109
*32'/*
33
*107% 108%
1
5,600
.
'
'1. "4 23%
'4
"
par
i—■
■•■•
Year 1947
25%/.
.25%
16%
88
*73%
-
'
190
*83
36%
—50
InC_——
10% Jan
+
*169
7% gtd_—50
Molybdenum::—__L_^No
Climax
■j
Co
RR
9
137
25 V*
<
'
100
Ry Co com
36% Mar 16
*
91% Dec
•
22
;18% Mar 22
14% Mar 15
•
10%
*8% : v9%
•80
" *80
84V2
j; *18%
*18%yf18%
Ii'30% : 31 % 7;;.
32/:/
Clev Graph Bronzd XJo-'
5%
preferred—100
9
75% Apt
42% Ja» 14
Feb
7% Mar
140
108% Feb
-
30
*4.50 preferred>—^-^--No par
2
Mar
42%
2
9
109
12%
*9%
38
30
37rV8
,
preferred—_—100
Cleve Elec IHuminating eotn-_No par
34% Apr
101
12%
10
99%
24%
24%
non-etim
■5'/o
109% Feb
Nov
12%
26
*98
Clark' Equipment
JanTs4
6
'•" Dec
17
*9%
9%
5%
Vu5%
$
•4% ' preferred '•---100:
23
6
71
15%
/
'
33%
City Investing Co common——5 6%% preferied—
L—«—109
CRy Stores
>
i
5
166
:
17
—
26% Mat 16
i
79
25%
33%
33%
*53%
54%
33%
33%
Conv preferred series A—
100':
60%
60%
Chicago Yellow Cab
No par
*11
11%
Chiefcash*. Cotton Oilwu-—-J—-.-10» ri 17%v':17%/
Childs Co 'frew
I
;
4V* : -. 4%;
5%% preferred_L_—100
63
63
Chile Copper Co
——25
35%
36%
Chrysler-Corp —Ww*
.t—i—.-2.50 •
59%
60
City fee & F0el--i—par
105% Jan
Feb
115%
Dec
*78Va
,.
12%
'■?:
par
C
34% Feb 10
80%
,
80%
34
.
7,900
■
17'% '
105 %
107
*106
33%
2
38% Apr
*78 V2
106%
*78%
Rock Is & Pae RR Co__No par1
C C C & St Louis
j
107
38 VB
Apt 23
•65
*l05Va
//V:
2
29
105%
105 %
385/b
7
Jan
8 Vb
38%
•■:/?'• 33'%
Jan
27% Mar-18
8 Ve
"
■:;/ 7%
8%
38%
Jan
80
8%
8%
7%
'V 8%
p:~
38%
10
-
8V4
8'A
'7%
8'/8
38%
40% Mar 12
Jan
17%
8Va
17'A
-
8
8%
88%.
32
Ja rt
17%
17%
17V4
7Va
8%
37%; >
9
78
vl5%
19%,;
17%
37%
9
26
17%
16%
7% Mar
Jan
Nov
89% Apr
19 '/a
:
16
••::Apt->6:-
•26
*18%
17%
27% Apr 22
4
19%
32%
28% Mar
34% J?0V
85
7
36 % Jan
Feb
12% May
Feb
20% Mai--13
*18%
16%
6
•63% Jan
11
x94 % Mar 11
.
Jan
11%
May
78
18
19%
31
Apt 45
39% Apr 23
5
Feb
34% Nov
27% May
8
Jan
111
U
21% May3774 May
Oct
29%
No*
96
Apr
31
42% Mar
Dec
*18%'
17 Vb
63
•60
32
2774
31%
preference._No
110
2774
8%
convertible
400
"
133
27%
16%
Chic
27,700
101
26 Vb
31%
22
4% Apr
.
*99%
*131
133
26%
8%
12
Apr
18
99%
99%
5,100
269/8
.,
17
12% Jan 12
•
11
3% Apt
i
61
22
Jan7 5
28%
31%
Series A preferred vtc-i-
170
64
2774
130
•
1,400
13.300
135
63%
8%
Chic Milw St Paul & P vtc„No par
135
28%
16%
50
-
45 3A
1361/2
63
8
106
Chicago Pneumat Tool com—No par i
14% Feb
136
44%
27%
31%
preferred.
$4% Apt 23
11
17 38
■:
11
•
*18%
11%
28% Feb
45% Jan
Dec
*134
7%
62%
8%
31 %
17
5%
23
54% Jan
!
500
7%
44%"
136
99%
*99
•
7.;,'.
27
26%
;
44%
6%
14%
Chic Ind & Louis Ry Co c} A—25
.Class, B—
No par-
"34% Apr
5,300
38
12%
40% Apr 23
18
1674
38
7%
7%
6%
14%
9 "8
5%
8%
31 Va
16%
11
49% Mat 20
16 Va
38
*37
12%
Feb
-25% Feb
16%
' 7%
Ch'^ogo Orent, West RR Co com—50
-.1
19% Jan
15%
15%
*
5% : j. 5%
100
Chicago & Northwest com___Nopar*
•5%
preferred
•
100^
35
100
8%
29
41 %r.
,87%
r
2,000
41%
7%
11%';
*86
99%
137
*135
19'A
17%
23%
46%
30'A
>41
Chieago Carp (The)i._———-*-1;
36% Mar 20
Apt 15
14% Mat "9
Dec
15%
7* XXfX
10% Apr
38
July
10%
I
.
xO
.
.
11% Apr 23
2
4 % Mar 16
.
28 Vs
99 %
/
27
'•■•
*5% May*
6% May
;
—1.25
3
—
*30
41%
43%'
134% 134%
62
62%
27
" 28
61%
27%
'•:
99
137
*19
97%
Chic it East. Ill RR Co coni—No par .,
Class ;A_—
——i--—-40;-i1
5%-Apr 22
."->.4
-
Mfg
61
28%
27%
99'■
26%"
*11%
*27 %
Chesapeake & Ohio Ry cotanion__25
3 % '/o Convertible preferred
100'
20%
10% May
30%
43
136
136
70
29%
*40'A
36%
'
107 .'A
J
*90
v
420
107 V4
107
41%
*7%
44%
61%
*135
29
23%
135
GO%
16%
*28%
.
*4.50 preferred —^w_—No par" l:
6
'
;
10V«
2534
is%
.
43 %
300
50
49%
49%
107
36%
7%
15
49'A
.15%
15%
43
*14
29%
29
37%
7%
'■
400
*41
15
*14
107
*40%
41%
15 %
43%
135
<
12%
*9%
25%
.
Copper—par:
Products———
Certain-teed
17% Apr 23
42%
16
12%
par:
Central
30%.*
15%
15%
Sugar "Co——'9.50,
Century Ribbon
5
„
49%
*36%
'
7V4
.
.
48%
Shares
42%
42%
14
107%
30%
*40%
J
37% V
vu
17%
*7%
7%
*8%
8%IO6V2 106y2
*78%
80
Co_——_1
14
*106
Sales for
the Week
9 per share
.
17V«
Co.—Nopar-
fi Corp—No par
Central 111 Light 4%%
pfd
100
Central NY Pr Corp 3.40% pfd-100'
ICentral RR of New Jptse!yi^--100
-Mar 31
60'
Aguirre Sugar
•
i
:
16%
16
,.
"19. ," 19%
r.20:
5#: preierred./___.—
42 %
•;* 37%
.
»•
*98 %
99
136% 136%
26%
26%.
par
30%' 7'.:
61
;
28l/a <• :,.v
61
28
u..No par
common
28
11%
Nov-
Corp
27
"9%
22%
Celotex
*30
*133% 136%
100 :
6% Feb
>
No
preferred
Central
102
12% .Jan
'v
1st
2nd preferred
7
Feb
96%
7%
18% Feb
Apr
Apr
116
Dec
77%
*4.75
71a Jan
Jan
100 'A
z
preferred
16
17
-
Jan
Dec
7%
28% Jan
10
11
Feb
_i—L-ii—— 100
Caterpillar Tractor.:—.
i.No par
Celanese Corp of Amer com—No par •
Feb
'
-
:■!: 7 %
Feb
13
.—25
19
Feb
u
5
-
—
*106'%
♦401/a
s
13%
*49%
107
43V4
*42
Friday
Apr. 23
Apr. 22
t per share
t per shafe
,
50
13 3,4
.
■
;
;
44
43%
13%
*106
*25%
30 'A
41'A ' 41'A
16
16'A
38
38'
.
T%
7%
"43%
4374
Apr. 21
$ per share
f
Thursday
Wednesday
50
*49%
106%
*106
23
97
Apr
32%
Apr
123
108% Jan
Dec
64 "<
GO
50
■
44
133i
13%
*49%
Light—No par 3
(J II CO conitoon__
Case
9
Steel
*43%
44
*13%
.
A
Corp common
10"
preferred 4% series—__50
& General Corp—_—1 *
Carriers
23
-22
Dec
Dec
Carpenter
138% Jan
.
53
130
19% May
1
130
*97
>
6% Mar
Feb
i 64
May
*-
Jan
158%
Dec
49% May
14
'
Dec
;-47
29% May
132
r-
Feb
7%
preferred
.41% Jan
Oct
45
.Jan
13
100 % Feb
50%
•V 6
Capittil Admin clas* A tommbnii-l
Feb
,
S per share
* per share*
*43
par
"27% Jan " 2
Dec
12%
No
Millb
10
& Ohio fty_.u_100
May
3B
"V."V: Par
Cannon
15
PRICES
SALE
HIGH
AND
Tuesday
Apr. 20
Monday
Apr. 10
Apr. 17
Jan
39%
V; 35% May
% Apr
Saturday
-
Jan
128
Nov
27
44
1
48% Apr
Feb
50
Mar
38
Dec
Highest
LOW
'
STOCK.
EXCHANGE
$ per share
share
per
share
>47%
Nov
NEW YORK
Range since Jan. 1
'
'
.
*
STOCkS '"'
17'/4
26
26'/4
26%
52'/4
51
51'A
3,600
26%
*51
.
450
»
20
(1816)
COMMERCIAL
THE
"
NEW
Previous
Range for
2 per
Feb
13* Jan
2
20%
Feb
10* Feb
32%
Feb
11
Feb
54* Jan
13
18* Feb
v.
2
88* Dae
105%
Feb
02
Feb
9
94
Mar
Dm
105%
Jun
92
Jan
12
97
Mar
75%
Jan
61* Feb
5
Feb
6
3%*
9
81* Rep
170
68% Mar 24
Mar 19
177
8*
Jan
4
Mar 16
-5* Jan
2
Jan
2* Mar 17
8% Feb
34% Jan
2
9
Crane
'40*
29
Feb
13
95
Peb
Feb
11
Co
48*
11%
107
Mar
11* DM
16
Oct
x21'
Jan
30
22* Dm
13
Maris
24
17% Feb
Dm
52% Mar
28
Apr
Dee
34%
Oct
Jan
2
26% Mar 16
108%
Feb
91* Feb
Oct
102* Feb
18
Feb
10
130 %
106* May
22* May
66
22
12*
20
Dee
7
26% Mar
Oct
10* Mar
DM
19%
'27*
15* Feb
13
27
24* Jan
Feb
11
147,
129
Dec
70
Jun
4* May
12% May
17
21*
132
Peb
11
*
Dec
4% Feb
18% Feb
13
133 *
Apr
Jan 27
21* Mar .16
Jan
6%
RR
7%
;
*07
11
Cushman's
.3
19* Aug
90* Nov
26%
Sep
20
97
Sep
87* Mar
4
93
Jan
22
23%
Oct
13'/a Mar
9
20% Jan
2
25
17% Jan
6
22
i-y."■ //v.;
■>
14% May
Mar 16
Feb
15
16*
; 24% Oct
Jan
24
Dec
82%
Dec
84
35*
11
33
,
31
29*
'
pfd—100
20
*17
13% Jan
9
Decca Records Inc
50c
11*
41
Jan
8
Deere
Mar 22
7%
45* Mar
38* Jan
Feb
20
7% Feb
11
44 *
Apr
Co
&
Delaware
10
1
10* Apr 23
213/s
-19%
Dec
14% Feb
11
Dec
32* Mar 16
Escrow ctfs
27% Apr 23
44*
44* Apr 23
21* Jan 10
89
20
27'A Mar
Oct
62*
Aug
Apr
9
Jan
58
6
11
60* Jan
Escrow
Detroit
21%.-..;.
41
32 I
433/4
50
26
31%
Feb
22* Feb
Jan
35% Mar 12
50
Jan
38
Feb
13
44
17*
Dec
24%
Feb
16
Feb
11
19
uy4 May
15* Dec
18'A
Jan
13
Mar 17
19*
Oct
o
40*
Sep
38
Jan
2
9
55%
Oct
47* Mar
5
56
Apr 21
34
Feb
xl7% Feb
16
23
28% May
39*
Oct
Feb
13
37% Jan
16* May
45% May
36* Sep
98% Dee
91* Dec
21* Jun
19*
-
Dec
14
15% Jan 23
Jan
>
47* Jan * 2
32% Feb 20
'
42% July
Feb
104*
Deo
23
f
97
-
Feb
90
Oct
Feb
.6
13
18
67% Apr
101* Apr
A
9%
Jan •" 6
28 Va
Jan
92
Feb
12* Feb
17%
May
12* Mar 11
Nov
July
164
Mar 18
115* Dec
92% Dec
129'A Aug
107* Sep
113% Jan
28
: Feb
11
110%
Sep
115 Va
112% Apr
7
»14
Deo
Jun
94
•
19% Mar
Mar 15
13
.
.
*;
23*
17% Apr
16 Vs Jan
5
13
15% Jan
2
Range for Previous V
Year 1941
Lowest
er
19%
Jan
16
Nov
14*
I per
Dec
163
Dec
22
Feb
Feb
82
91* Jan
19
Feb
Mar
Jan
Jan
Feb
171
135*
Deo
156*
Jan
57%
15* Dec
46% May
9* May
July
Feb
24
2
5
52* Jan
13
16* Mar 24
32% Feb
19
1% Feb
11
13% Feb
11
139
7% Mar 17
3 6'/a
Apr
2* Jan
6
Kodak
Co
2
20*. Apr 22
10
156* Mar 17
123* Feb
11
143 *
49* Feb
10
Electric Auto-Lite
Deo
56% Jan
9
$6
41 A
1,200
Z
•
251,800
.23%
9,400
•:
:;V4'2,100
27* .27*
14
39*
40%
32
43*
23*
307/s
91*
■;r
92%
11%
23%
•
133/4
•
14*
1,800
llVs
10%
11
5,900
39*
24%
38 3,4
40'A
41
;
U
31 Va
.43%
44 *
-
I
9%
233/4
40*
20%
21 Vs
64
*58
113/,
23*
14
14
*: 273A
21,300
44*
10,200
20%
21%
15,60j
243/4
11%
23 *
700
14
14%
2,000
X
25*
25%
.7
1,200
43*
43*
X
2,200
43*
11%
>
43
43*
43
43
43*
■<■>43 0:
16%
16%
17*
17%
17s/,
18
17%
18
43*
.
43
15
V
2,400
11%
23 Vs
,25
15*
63
!X.
>14*
24%
*15
56,400
40*
25
23%
43* :/
15*.
3,700
10*
.
43
11%
23%
133/4
24%
173/4
1,900
44*
<
*58
11*
42%
■
■:
.
64
;
■
>>■'
243A
393/8
20%
9,100
32
,44%
9%
,
10'A
23*
42%
31%
v
13.500
39*
42*
.42
31*
233/4
v
60
14*
393/4
*58
20
:X/>*9l'X> 92%
14'A
20*
i;,
5,600
5,300
s.
10%
9%
,
.
23*
30%
91 Va
'
V
80
400
17*
30%
23 V,
'
*16*
x
23*
39 Va
:
:
14*
40*
9
i-
17 Va
v
15*
913A
*91
43%
f
15*
30*
41%
31%
2,300
243A
24%
:x-,.V"*93 x: 93%
91%
,■•■■.
x
<
/
■■ >
J*
16
22*
■,:
11*
•„
:xx;:
933/8
*17
923/8
•
34%. 35.
533/4
53%
34%
34%
54*
56
17%
17*
64
663/4
(>4%
;
41*
,
900
:-•
*17*
18
> 1,000
17%
18
45,600
x
600
15*
15*
15%
*99*
25*
'
lOO3*
26,
14*
175%
91
*16
V
•
14%'
26
16%"
-
16%
64
.
.
100
175*
*16
16%?
143/4
14%
14%
173%
174%
174*
119
1173/4
118*
117%
> 9,100
1,200
5,400
64%
42%
14,200
V 500
101
100%
^1,100
/
28%
.27%
22,400
300
92
:>i-
16*
14 Va
15
175*
176
118%
500
16%*
118%
V
175*
119 »;
320
"
103%
:■•? 92
15
*118
in3*
6,200
16%
2,200
-
17%
64
16%
14%
36*
41%
.27%
"*16*
36 Vs
53
'103
91 1: !91X
'
118*
..
101
26 Ve
4
u
174* 175%
';14*'
35
41 ,1
413/4
•102* 103 -t
1003/4
25%
.....
•
64
.
41 %
,
16
•
64%
;•:/
18
'34*
103*
100*
25*
^
*17*
.
163%
41*
r
v
>'
16%
v
54
53 -x:
17%
35*
36
53*
17*
34*
*102*
'
36%,
35
0
17
62%
42%
^,102*^03'
1003/4
92
17%
34
//••/.34%/- 35*
17* % 7I 163/4
:/t^l7
103
25*
>:■
14%
*;:
•V.
loo
f. 16,900
;■/ 4- no
8
4 137
*130
27*
*93
1
913/4
-X
.
-
64
.15*-
41%
;
*91
175% ,175*
1183/, 118%
>
r
900
/
9,300
1,100
'
*96*
97
.♦1123/4
114
/
*13*
:
97
*113
13%
i:
97
,.
96%
114
*13%
13%
:
>
Apr. 19
96*
!
114
♦13*
Monday
,
96%
*113 >•'
LOW
17
69* Apr ?3
El
11
16 Va Jan
Emerson
Jan
12* Jan
2
Apr
29'/, Feb
16
Mar
Feb
27
4 Vs Jan
5
97
Dec
.Jan
6
9
12* Mar 24
14* Apr
Jan
34t
102
Jan '
5* Feb
16
,8
6
3
Feb
9 Va Feb
11
14* Apr 23
Feb
50* Feb
11
60*'Apr 21
85
Mar
Feb
24 V2
Feb
10* Nov
25%
Jan
32* May
x6* Deo
50%
Oct
38
Feb
10
13* Aug
6
Jan
23
64 * Mar 13
6* Apr
xl4
14
Mar 17
7% Mar 17
68 Va
^;:;-23*
•">■'.:• 193/4
•
18*
10
13%
AND
SALE
Tuesday
13*
*
*13%
96%'
96%
96%
X " 20
13*
13*
133/4
•" 1,000
-
i
200
114
*113*
113
v
PRICES
Apr. 21
•
Apr. 22
$ per share
$ per share
the Week
Apr/23
v
$ per
for
Sales
Friday
Thursday
Wednesday
t per share
V
113
114
13*
HIGH
96*
96%
*113
Apr. 20
fper share
Paso
Natural
Electric
Equitable
Erie
5%
RR
Office
14
Erie
14
Shares
share
*35
1%
Jan
9
't'r
Eversharp
Ex-Cell-0
54
/
54
1
*14
;•
7 •: 11 Va
/ >14*
*20*
4%
4%
12*
12%
"..*57*
50
$
,
-
-.
j 70
-6%
$
185/8
18%
1
9%
9%
47*
2.10
6%
183/4
18*
13*
18*
18%
7%
t
14*
/
90
*88*
;
143/8
13%
14 Vs X'
104 Vs
*100*
X
80
6'/,
/•% 1*
x.
7*
2,700
1,900
X
48*
47%
48
48
48%
51
5,700
15*
15
15*
15%
15*
..15%
15*
6,000
36*
36
36
36*
36 Va
36*
36*
18%
V:
156
v-
"■':
X;
13/4
19*
49
1%
19*
18%
X
:■
1% .: 1%
1 %••:■'
>19*
140%
*54
141
-
■
A *153/8
*155
155%
154
*140
142%
142%
533/4
53%
■•400
1%
1%
4,200
-19%
142 Va
<53%
'//
20*
155
>>•
54*0
53*
11%
15*
15%
15*
15%
20%
39,900
*155
156
67*
67
68
68 Va
XV
15 -m 15 *
15 V
15%
11*
14*
'••
*14
...
30*
100
4*
593/4
•f Vl
•
,
i'-4*
59%
*65v
ll3/,
r
14
.
100 V*
,
4*•../•
/
»
100*
60
70
4*
13*
60*
*65
/,
6%
7
18*
17%
18
18*
18%
9%
9%
9*
47*
47*
47%
47%
6%
6%
6%
9% i
9%
'47%
'47%
9*
47%
13%
4*
-v:
70
4* X
600
70
12,400
78.500
'•■
60 Va
•
2,000
72
7%
-
18%
9%
!:i
-■
6100
1
3,100
'
: 4
9%
47%
48
5
; t .700
r't
"
I8.V2
2,700
4,300
X
;■:.
14 V4
7/ '
18 V4
9% V 9%
47*
v,
60 Va
'•". 18
'
//
101
*67
v
■0 7 Vs
7
4%
;
14
13%
60 V4
*65 ;V
x
11%
100
14
60 /
70 ;•:-
-6%
18*
4% /
•X.
v
6,100
32
<14
*31%
100
i,8oo
■"
16
(11%
■
32
100
4*
13%
14Va
">900
15%
69*
15%
11%
14
*30%
X>
600
XX 900
53
■15%
.69
11%
14
59 Va
13%
=;V
32
6%
-
tv
11%
*30*
100%-,
13*
70
:
31*
100%
13*
11% 0
14*
30%
.
143'A
53
X
69
15% X
142*
15 »/4
66
15*.
,
,
15*',
7
XXX
'
1%
'■/.
54 •.
43/,
700
104Vs/U
> 7%
X 7
90
13%
*100'*
14*
104
*100*
•
> *88*
90
88*
X
14* 'a:
*36
15%
4.'6%
-
90
104
3.500
v/
15*
66
*65
6%
♦18 *
'■
58
v
18%
:.155
12'/,
■
'57%
.
"*65
■
r-
30*
100
10
171
'
11 Ve
101
43*
•168
171
60'A
48
141.
,: *14
>31*
♦100
44
43*
*170-
Va
.
155
66%
100
-
Corp
<'
9,200
173
59
:h;
1%
15*
-/•/: 65*
is* >15% » >15*'
*11
:
*153
.,*138*
43%
43%
43
♦170
59*
19*
•'■15*
15*
66
?
1
Corp
Buffet
1
J
Inc
Exchange
54
35*
Vi
138*
par
Williams Corp
Evans Products Co__
5
155
138*
7*
19
7,600
58*
15s/,
'U;/:. *1%
19*
*151
loo
11% Jan
1%
,
15,100
19*
58*
-.14*
48*
35*
4,800
19
18%
58%
*100
15*
24
18%
183%
58*
*87;-,
14*
Z7%
23%
19 •;>
17%
*183/,
104
48%
:.r.
;36
.
19*
•
)
Pittsburgh RR Co
•,:
X
43*::,
173
23%
18%
18*
57%
•
88*
14*
15'/4
4
No
88*
7*
••
183/4
*100
V,
43%
.23%
19%
17%
'
23*
18%
18%
173
18%
'
•>
19%
17%
58 V,
23%
23*
19*
173
57*
r. 48*
1$
Eureka
&
7*
15*
No par
Bldg
*170
<23%
...:
43*
//',•■ 423/4
14%
48%
No par
preferred series A
Apr
48* Apr 23
7* Mar 30
•, :•■:
No par
common
18*
•
104
-
I
Mfg Co
20
is
89
14*
)
Gas
23*
19%
183/4
89
*100
1
(The)
preferred
9Jan
19
•183/,
Emerson Radio &
Phonograph new 5
Empire District Electric Co
10
Endicott Johnson Corp common—28
4%
58
2.50
common
23*
/,
173
r 58
100
x:
43
*170
.
common
23%
20
18*
42%
100
4
Storage Battery
Elgin National Watch Co
13
•,13%
43*
5,100
2,700
'
7
7
""•
6%v
7
6%
'•
7
7
1,700
7*
"
May
60
Jan
31%
Feb
Jan
40* Mar
May
11* Dec
♦t!~9%
»
14%
9
51* J&n
2
Fairbanks Morse & Co
26% Mar 17
31* Jan
5
20
1%
?
.17
17%
Saturday
common
Electric
19
7* May
17% Dec
25*
11
233/4
17%
16
*14%
,Vi
v
Corp
preferred
12 u, wob
12*
Nov
11%
;42 3/4
34*,
100*
•
.
91V,
*15*
Elec & Mus Ind Amer shares
Electric Power & Light com__No
par
$7 preferred
No par
Apr 23
67
47% May
14
»17v.'>. 17";/:&;
15*
65*
Apr. 17
Convertible preferred
14* Feb
4%
;
137 *
/.v.°15*
30*
•91
*24%
;
35
41
25%
V
143/4
13%
54*
*102*
.
100%
25%
91%
*42*
17 3/4
41*
•90
55
23*
X/; ■-■'•
>23-vv;/
*90
11*
■
16%
103
*100*
$
Elastic Stop Nut Co
Electric Boat
55* Feb
19*
•
25
34*
65%
i
41*
23%
v
140
x
7%
a;
1,000
•
9%"
55
3%
•
153A
30%
:
; *58
■•/ .:
13*
'
preferred
Oct
38
Deo
18
" 65*
-
10$
preferred
Prodycts Co
4 '/a %
2
Feb
Oct
Ekco
12
20
"
9% Mar 18
44
Jan
Dec
107
:f
138
53%
a
100
'
17*
>102*
Edison Bros Stores Inc
common—\
4 * % preferred
lot
59%
May
'
BOc
Manufacturing Co
17
Dec
>
:
35
'
if
cumulative
Eaton
24% Mar
27* May
*
16* Jan
106
12
Feb
11
Dec
8
Mar 16
Feb
43
Feb
19%
Sep
11* May
63
6%
Feb
Feb
16%
3%
:
XX
53%
34
17*
20
9
10
7,900
•i
16%
*16*
*18*
.
v'r 24 X
93/
<
•22%
22*
30* x
92
38*
:
24
*14%
,
/
53%
17%
—1
Stainless Steel
Eastman
5* Jan
65%
145
8*
Eastern
44% Jan
39*
15*
24*
24
•>' 17%
11*
42%
•
"'■■■
87%
8%
27*
..
';*■<
..12*
■' 138
•130
4,700
X
12
16%
23 Yb
j37
-(A
177
85
20
53%
*17
'
Eastern Airlines Inc
60 * Apr
19 Va Jan
13
8%
730
;
13%
13*
*155
'
27*
I43/,
64
25
35*
;
34
100
lafle-Plcher Co
174* Apr
102
.
120
12*
24%
.93
20%
„
>
34*
No per
No par
STOCK
230
87%
8%'
X
'
■
40*
13*
I per share
20% Apr
22% Jan
10
Feb
2
3*
YORK
400
5,500
31
30*
13*
•
*136
/ :■:■
23%
11*
24 3/4
*14%
*53
No par
ll
STOCKS
24* Apr
12
Feb
;•
•V
EXCHANGE
47* Feb 28
17* Feb 13
27*
33% May
102
NEW
38* Feb
111 *
■
Dec
4% May
lT%
;
31177
•4; 7*
17% X
39%
Z">'23*
,24 //
313*
42* £.43
1
f per share
162* Jan
Oct
109
f0% May
10* May
47
16% Mar 16
Dec
25*
-15* Aug
104
19% Feb 27
16* Feb 11
Jan
57%
"„jf
No par
•
42% May
18% Dec
88
Apr
198 Va
•
45
E:1
48'/, July
Dec
'
Lowest
t per share
25% Aug
42* May
:
Range since Jan. 1
'
Highest
:
share
24*
51
■v
:
,
"J,24*
B
Duquesne I.lght 5% let pfd—
DWG Cigar Corp.
•
Highest
share
*23*
No par
Corp
*44%
112
,*18*
■
27*-
"
'.
23%
*58
ii*
iilVA
Pont de Nem (E I) * Co com—20
Preferred $4.50 seriee
No par
Preferred $3.50 series
No per
6
Jan
64
•
*.**13*
Du
Jan v 6
97% Apr115
*58
-No par
1
113
8*
4130
V
91%
40
l
International-.
Duplan
2
187* Jan
120
Dunhill
8
112*
*85
54
:
23%
39%
No par
No par
common
99
16%
*15
17
preferred
98*
•".12*
W:
138
*
•
8
24%
.
22
20*" 20%
i6*
conv
♦136
27%
20*
22Va
20%
16*
Industries
.98%
8%;
23%
9 V«
16*
3%%
*.
30*
13*
is.
20
.t
-
*
•17
9%
2
Dresser
Apr 23
Apr 23
16
93% >;
153/4.
•
common
30 y,
29*
12%
•••*15,/»
:
Co
30-
*155
./
87*/
53'A
138
24
17*
Aircraft
155
11%;
£
25
9%
9*
:.
44
Chemical
K
.
8*
43%
43
$4 preferred series A
$3.25 2nd preferred
13
21'
197
Dow
■x
-
54*
43*
16%
Douglas
15
23
138
44
42 *
Corp
45
.29%
13%
:
87 y,
16*
43*
X
17*
Ltd
>.
xx;
12
41%
43*.
Mines
13
155
32
39%
12.50
——
20%
*44%.
.
30*
30
v
13* x
31%
20'A
28
Pepper Co
Dome
30
177
41*
17%
Motor
Doehler-Jarvls
5
24
42% Apr 23
83
11
Dr.
600
41%
43*
A
12,000
72*
27*
383A
2
Class
25%
72*
313/4
Corp-Seagram* Ltd
Distill
25*
72
41*
Car Co
T
25*
72
31%
393/4
No par
partic preferred
Diamond
2
103 Vs Apr
Feb
19
Feb
Feb
Dec
2
6%
Jan 15
dano
19
*
,
Devoe & Raynolds class A
Diamond Match common
Apr 21
98*
10* May
14% Nov
173
"29
114*
May
80
76
•'
,
•
:XX\:
-x
22
1
Dixie Cup Co common
May
2
16
25*
71%'
30%
100
Dlvco Corp.
May
14% Mar 12
29* Feb 16
17* Jan
25
49
Jan
•111%
25%
*90
100
Co
47
43* Apr
111%
24%
: 71
72*
11* /x'r;:.:n ,x;
36
43%
100
20% May
35* Apr
42* Nov
21
111%
1
25*
♦130
213A
,>,".11%
36%,: 36%
1
6
10
10,000
112
24%
14*
0
Jan
16% Jan
12* Jan
21%
8
91%
De Vilbiss
25
12* Mar 30
Jap.
20%
•19
30
14
Detroit-Michigan Stove Co
Detroit 8teel Corp
22'/, Mar 18
22
21%
29*
*91
2
13% July
26%, Qct
16
/ 20%
8%
173/s
91% :-X-
Detroit Hillsdale * 8 W RR Co_100
10* May
17* Jan
21%
100
98%
x-XX*93.x/
*91
32
pfd
1,100
98*
8
15* *X.
20
for
23%
98
54*
93
v
*17
29*
41
for com
ctfs
23%
20*
92
1
Edison
23%
8%
.24%
*90
9
10* Feb
Oct
>> 243/4
92
Denver & Rio Grande West RR
6% May
25% May
20% Deo
23*
6,300
96
.
29
20
Hudson
23%
87%
J
*90
No par
Delaware Lack & Western
23%
20*
-
,
100
common
&
138
7
preferred
2,300
34%
34* '
*95
98*
11%
'• f
25
100
Deep Rock Oil Corp
2
33
10%
A
30 /:
♦137
26* '27
*
<11%
46% Jan
10%
34'/,
20*
8%
23%
17%
-
13
5
10%
:*85
,16%
138
8%
14%
20
96
-10*
29%
8%
/
15*
14%
,
*94'A
45%,. 45V,
13
'/■;
r16%
"21
16%
93
50c
Feb
,33%
10%
22*'
•155
-12
/ *20'/«
15%
Dayton Rubber Co
35 Ve Mar 16
5.200
3,400
30*
29%
.
-;'87%
93
5
30
190
-
2%,
2%
45*
24%
13*
'.*86
24%
15% Jan
29 * Feb
Oct
"45
J
5
%*.'•'. 2%
98*
'
15 3/8
Oct
2
10%
23%
•72
177
•130
26* i
•
•91*
series B
4%
2%
•94 *
'
11
112
29
V 13%
138
26
100
Feb
10%
•130
a
2.50
series A
5
2%
A 33% ' 34 V,
34*::,
98*
10%
x;--v ;■■■■. X"
Davison Chemical Corp (The)
Dayton Pwr & Light common
4%
;
98*
72
-.X
46%
.?■■
173
5
5.100
29%
54* :-54*
9
Feb
20
'
66*
173
173„
2,500
:
93
' 96
66
66*
173
20
•92*
•94
21%
,
25*
♦155
,8*-. A
-24*;:.'
5
10
,65*
173
19%
93
96
.
540
45*
•
112
54
7%
23*
No par
38*
32% May
5% May
,
.
54
■
23* Apr
Feb
45%
*136
•\
series A—
Preferred 3.75%
/
72
'8%
8%;.: !'
139 />/ -138
Davega Stores Corp common
5% preferred
'
Deo
"
91% Apr 22
91% Apr 16
Jan
44*
29%
fvVll%
30% Apr 22
12% Mar
22
25
87%,
2
85
23
28
14
Feb
66*
173
-
23%
'
100
-
25
20%
'
28
24%
Preferred 3.75%
65%
•• 2% /■■••
*94
.r
1
'
•
33%
; •''*.'
11
;*111*
Jan
23 *
Sep
Sep
Aug
May
95
29%
72%;
18* Feb
84
*94
20-
*92
96
5*
2%
,
34%
.
99*
112
,
1
pfd 3%%
;.M9%.
93
•94
173
4%
44%
?
16* -16*
♦20* "*2-l *r,
8%
2.50
Corp common
Cum
173
20
20
•92
.
96
66%
,
66*
'
24% Feb
Jan
101% July
101* July
Dec
12%
Dana
*94
5
D
:
24% Apr 22
;
1
21*
•
•12
.
1
Sons Ine 1%
92%
93
23
•
98
,,•85;
com—_No par
Cutler-Hammer Inc
20*
92%
3,800
r
'
1
- Jan
Feb
■/'
13* M3* •;
177 Vi "
10 ;
Class A
133
30*
20*
20'*
96
.
11 X"
*155
No par
27% Jan
■„.
18* May
53'A
33%
29%,
.
28
.
No par
19
53*
'
100
common
Apr
53'/.
95
24%' 425*
8 /
25
.
52*
*
45%
•71%
100K
preferred
53*
174'*
,
21%
.
♦111*
pfd
Prior preferred
Curtlsa-Wright
53
•*
.100
Cunningham Drug Stores Inc
9
53*
..'2% "r 2%
,
23%
98
Cuneo Press Inc
16
*52*
'
21*
,
100
(The)
53%
4%
34*
29 %
preferred
Curtis Pub Co
100
12*
•172
,11*
23%
No par
non-cum
12
66%
"•
95
>
Ml*
•,,*44%
Cudahy Packing Co common
-4 * it preferred
;
.,
13
8% Apr
59
Mar 11
48
'
Feb
Cuba
140* Apr 23
Mar
6%
7'
-
♦94
'
.No par
corn¬
11%
66
2%
No par
Amer
11%
5
8
preferred
conv
11%
*92
176
34%
X
Cuban-American Sugar common—10
9* Apr- 10
122% Feb
Feb
86
6
18* Feb
Nov
12*
2
*
13* Jan
9
13
81* Jan
Feb
Oct
17
Feb
-
160
87* Apr 21
9
17* Jan
Mar
6% May
113* Jan
24*
Jan
14% Jan
34
21
's %
2,200
*
11%
*94
2%
No par
Crucible Steel of
1
6
15%
46
■
—1
2nd preferred
$4
5
Jan
25% Apr
15%
45
11%
20*
.
'66*
•172
V:*
•
.100
$4.20 preferred
Shares
15%
46
li*
92*
4%
1
America.
preferred
S per share
15%
45*'
Sper share
11%
96
•65*
1'
Crown Zellerbach Corp com
19
74* Apr
U
Apr
155
17% Sep
101
-
127%
.
2
12% Feb
Jan
J&n
"Apr
g2
•46
:
48%
53
20*
92*
Cream of Wheat Corp (The)
9
Crown Cork & Seal new oora._2.50
5
for
15%
15*
.16%
'.
11%
53*
*94
common.
of
*46
'
52%
28
100 1
preferred-
Creameries
6
100
66* Mar 17
21*
DM
xl6
22
165
Jan
82%
Feb
Jan
34%
May
13% May
165
46* Mar
24
37*
15
34* Jan
42
06
DM
Jan
-
Apr 12
22% Apr 16
11
*41
98
3%%
97% Jan 27
9
9% Mar
-
15%
Sales
the Week
Apr: 23
48%
S per share
$ per share
16*
48'/a
*46
11%
'
Dm
97
15%
Apt1. 22
Apr. 21
"
100 *
7%
preferred
Coty Inc
Coty International Corp....
169
Aug
$ per share
16
Friday :
Thursday
Wednesday
Apr. 20
,
'
100
preferred
Cum pfd 3*% ser of 1947:
Corn Products Refining eom_
4%
195
Dee
4* dm
2* DM
28* May
15%
*46
5
Worst common
Corning Glass
1
«l
Monday,-April 26, 1948
•
PRICES
SALE
HIGH
AND
Tuesday
'
Apr. 19
t per share
8
50 4
1
Corn Exchange Bank A Tr Co—20 -
Mar 22
21
5
Par
Convertible pre! 5% series
Cornell Dubilier Electric Corp
47
50
LOW
Copptrweld Steel Co common
42* Mar 24
Dm
Monday
Apr. 17
14
13
Feb
18*
Saturday
'•
STOCK
13
Oct
58
.Tan
YORK
<
RECORD
EXCHANGE
Jan
17%
Dm
61
NEW
17* Jan
11
Jus
44
81% Dae
STOCK
■
$ per share
1 per share
share
12*
12* May
*
Range since Jan* 1
Highest
Lowest
Highest
I per share
YORK
STOCKS
Year 1947
Lowest
& FINANCIAL CHRONICLE
24
Fajardo Sugar Co of Porto Rleo—2o
Falstaff Brewing Corp
l
Feb
Dec
For footnotes see
page 28.
Apr
14
5* Mar :4
11'
-
Feb
20
Apr 23
8% Apr 22
14 *
Jan
2
No par
Farnsworth Televis'n 6c Rad Corp
Fedders-Qulgan
Corp
-
48
X.
•28*
48
1
7*
—1
13*
XX
47*
48
'
28%
'28%
21 Vs
22*
'■'
c
47
'28%
21*
<
20*
7 *
13*
x
•'
.
7%
13%
-
."
29*
22*
23
8%
8*
■13%
48*
29*
!
13
46*
%
23 Vs
47%'
47
29 x, -
*29
23"
23%
8*
8%
8%
13*
12%
13*
:
43
29%.
:
2.400
X 1,200
24
8%
13%
4,200
83/4
'12%
63,000
'
4,500
Volume
Number 4693
167
COMMERCIAL
THE
Range for Previous
$
Lowest
Highest
Sper share
Sper share
per6har%
May
35 y4 Feb
42% Mar
Dec
32
:23% July
16%
9% May
14%
.i
,26 %
Feb
20
20% May
46% May
26 V*
.597»
Jan
11
Feb
Dec
28 ya
2
Federal
15
10
21 y4 Jan
6
Jan
18% Mar 17
22% Apr
22
Feb
53% Feb 28
59% Apr
7
Feb
43
104
Feb
11
Feb
v
14
4% %
11
37% Apr
20
Feb
26
lUiS-/4 Jan
jld
Feb
26
34 y4 Jan
2
13 V* Feb
21
14 y4 Jan
17
Oct
Feb
x98
May
Jan
30
13
Dec
17%
Jan
15
& Apr
~18
May
24
Aug
14% Mar 19
21"/4 Jan
6
40%
Dec
23 y4 Feb
40% Jan
12
7
7%
27
5
Food
Fair Stores
Food
9%
Inc
9%
1
(new)
i
5
4%
Stores
Corp—
41
i*24%
32%
32
25%
42
•*41%
*11
42
19
19%
80
19
24%
13%;
9%
43
43%
43%
*11
11%
u
9%
39
13%
240
34%
24
24
9
*83/4
•
70
13%
1374
13%
9
6,700
.
1,000
-800
/>
9
.
42%.
43
43%
443%
11%
11
11 Yb
11
11
20
20%
21
21%
213/4
*79y4
-
4,800
6,000
1«0%
327a
25%
*24
900
9,200
.
\
40
10074
32%
31%
9y8
80
*79%
80
80
80
»n
!
80
1574
19%
u
19 y4
19
*79 V*
80
100
7,600
101,500
287a
9%
40
13%.
14,, /
9%
19 %
•
24 Vu
'43%
:
•11%
*79%
■
25%
15%
28%
.
102
32%
-9%
43%
,
*11
11%
80
-
31%
14
14..
..
9 u. tr.9%
101
32%
*24%
25%
*24%
/ 14
9
t
40
101
41%
40 %
101
102
101
31%
-14%
> 8%
101V*
*15
41%
41%
41%
101%
31%
'*14
100
preferred
cum
31%
-
9%
9%
9%
'
,
41
102
1
10
Co—
Sulphur
9%
41
*100
10
5,900
* 2,700
.
3la
9%
cum
Franklin
13%
15%
5
81
1/64
13%
28%
Jan
/
1/64
13%
9%
24% Jan
17% Mar 12
13%
28 Va
Freeport
77% Mar 29
13%
♦15%
Froedtert Grain to Malting Co Inc_l
Fruehauf Trailer Co common
1
Jan
13%
9%
14
39'
13%
31%
15%
23
;
13%
99%
31
28y«|
Jan
,103% Mar
13%
*99
30%
9%
12
Dec
Dec
13%
37%
37%
..99%
27%
44% Apr
Feb
13%
36%
37
♦99
15%
18
10
30%
7,000
28 y4
13
Feb
Jan
30%
31
1,000
16%
15%
9% Mar 31
50%
37%
99
55
16
27 %
> 15% Mar 31
22
3678
30%
-
.,99%.,.
300
55
16 y4
15%
99
37%
37
>99
„99V
800
7,300
107
55%
*54
15%
6
•
15%
800
2,000
47%
*104%
28%
26
8"% Apr
35% Feb
55
15%
.
46
46%
106
♦104%
15%
12% Feb
5
46%
47
106%
1/64
Jan
25% Jan
15%
200
58
28
25%
-
Mar 16
22%
57%
1/64
15%
22
<
22
5774
28%
Jan
34% Apr 23
22%
28
conO pfd
100
Foster-Wheeler Corp common
10
6% prior preferred
25
Francisco Sugar Co„_—;
No par
3%%
22%
57 y*
2,500
9,400
...
21
10
Machinery Corp
Apr 20
21
54
55%
900
57%
♦104%
900
t
20%
*15
Corp
20
102
*
41
20%
31%
1/64
Steel
;
f
No par
Rights
Florsneim Shoe class A
Follansbee
96%
30%
i3y4
—No par
Power Corp
U26%
Nov
18%
Florida
27%
96%
31
37%
37
*99
99%
30%
•
27%
98
.
Shares
share
22%
46%
'
105
.
'
.
30%
37
36%
>*99
247a Feb
May
77
Florence Stove Co
f
Dec
12% May
11%
3
48%
47%
105
15%
32%
19% May
23% May
~36%
24
57
54%
Stores,:
(The) Carpet Co
10% Jan
Feb
Feb
22%
58 >/4
15%
National
41% Apr
9 Vs Mar 17
33
89
22%
♦57
105%
27 y3
20%
48
46%
105%
105
105
10%
27%
20%
54%'
3iya Feb
39%
41%
Feb
47%
•*46%
100
18
10>/4,
*961/4
22%
58%
18
10%
97
20%
22%
*57%
18
.28
20%
15%
Firth
15%
♦22
58
-
97
54%
5
lid" July
22%
53
-10
17%,
.
10
99
15%
First
Jan
Dec
20%
20%
20%
-
54%
A
17
May
•-•97%
151/*
«mn
20
110 y4
9
<97%
;*53%
08
14% Feb
11
27%
97%
10%
No par
49% Mar 16
Jan
1/64 Apr
28y8
27 y*
97%
40%
27%
10%
27%
41
10
17%
-
the Week
40%
,
10
2>
Seles for
.
Apr. 23
J per
41%
17%.
.
27%
10%
'
-
Co
com—25
18
ioy4
10%
\
27%
*96%
'*
Corp
preferred
17%
.-
No par
Fllntkote Co (The) common—No par
04 preferred—
No par
Dec
Jan
•9%
18
22%
Tarrant Mfg
Knamel
17%
.18%
Friday :
Apr. 22
S per share
share
*40%
41%
*40%
41
*20%
Fidelity Phen Fire Ins N Y_
217»
i
preferred
Firestone Tire to Rubber
19
Dec
91
Ac
Ferro
^62%
May
convertible
40 y4
$ per
$ per share
g per share
41
*18
No par
100
Felt
soya Mar 31
105% Apr
*40
No par
4y4%
30
14%
Motor Truck——
23
99
,
Thursday
Apr. 21'
Apr. 20
Apr. 19
t per share
.
2
„•
Federated Dept Stores com
Apr
•Jan
107% Aug
51% May
14% May
99
Federal-Mogul Corp
-
20
24
5
9
90
61
Par
,
18% Jan
10
Jun
Jun
••>
-..
Federal Mining ft Smelting Co
Feb
107%
Sep
share
HIGH SALE PRICES
Wednesday
Tuesday
Monday
Saturday
u
Apr. 17
6
.
;
Dec
V
,
42% Apr
20% Feb
Apr
42%
!
11
8% Mar 11
Feb
19
97%
104
$ per
STOCK
EXCHANGE
Mar 11
16
28% July
NEW YORK
Highest
AND
LOW
STOCKS
+
Range since Jan. 1
Year 1917
-
Lowest
(1817)
FINANCIAL CHRONICLE
&
:
'
3,100
300
,
12,000
80
■
'
8%
17%
Feb
6% Mar 16
10%
Oct
$ 7% Feb 11
21
Jan
;
Dec
5% May
18% Jun
i
;>•
12% May
12% Feb
27
16% Apr
Feb
13
21% Jan
8
9%
Feb
7% Apr
23
361/4 Apr
23
Feb
30 V Jan
5
Dec
18% Feb
13
Oct
11% Feb
13
■
58%
Oct
102
X-
Dec
Dec
13%
Feb
18%
Jan
9
Feb
9% Feb
11
Apr
General Bronze
5
12% Apr
9
71
Apr
83% July
73
Apr 22
78% Jan
26
'37
Sep
47%
Feb
34% Mar 10
39 % Apr
9
Feb
20% Feb
27
24
Jan
2
Jan
6
144
55
23%
■
Dec
33
137
Dec
160
32
May
34 V*
Dec
87
39%
Dec
45%
103
10% Dec
•>•43
May
123
W
Jan
131 y4
•
7%
491/3 Apr
5
General
No par
127
Apr
20
5%
10
103% Apr
15
3%%
Feb
129
Mar
1197a Feb
19
107%
Sep
93% Feb
17
98% Jan
;
10; '>■"
13% May
19%
Jan
12% Mar 17
15% Apr
17
20%
Oct
Dec
>>11%
Dec
19
101%
Apr
26%
Dec
19%
81
Oct
Jan
25
110% Feb
13
28% Jan
Feb
98 % Apr
2
Feb
22% Feb
14
Jan
85
108
98
v'
22% Feb
,
11
25
;
f9
142
•43
483/4"
10
89
'15%
>
Railway Signal
6%)
•
Gen
5
j
.2*
Apr
4 y* %
■
preferred
4Y*%
7
1
126
102%
55s/8
37a
>
>
5%
-
*24
>
*79
100 '
:
9,500
95 7a
933/4
93%
1277a
103
*97 7a
1574
19%
197a
1974,. r
16%
16 7a
37a
167.
"
13%
>
25
5%
90
*87%
9Q
*87 7a
8i
*79
81
♦79
267a
v
'STOCKS
27
>119
Range since Jan. 1»
Highest
Year 1947
Lowest
t per share
t per share
23% May
90
36%
Jan
30
Feb
17% May
85
Dec
22%
Dec
103
Jan
Mar
80
Nov
21
58
Sep
48% Feb
Feb
7
113
Jun
124
Oct
Dec
V 33
Feb
49
Jun
99%
Dec
41%
Dec
95
Dec
13% May
71%
36% Apf
95
Feb
27
1
Mar
Mar 10
18
y8 Mar
$5
Jan
6
Co
4%%
.
440
28
24%
■24%
24%
25
2,400
1,200
*99 7a
r
277a
101%
•997a
T
;
25
877a
81
10174
243/8
90
•79
;
24B/4
*87 7a
*79
9
Goodrich Co
Jan
9
20% Apr
$5
2
9
16
353/8
35%
927a
92%
9274
.81
24
53%
100
Inc
237a
Feb
38% Mar 17
No par
No par
(B F) com
preferred
109
Aug
96% Mar 18
124
Jan
3
8%
Dec
23%
27
5% Feb
17
14
11
23% Apr 20
Granite
33
Jan
16
29% Apr 23
Grant (WT)
107
Mar
90
Feb
26
96
14%
Feb
'
Dec
37%
Feb
Dec
17
Sep
49%
Feb
34% May
)
•i
;
:•V
■
\
:
•:
20
Dec
133
>•»
Dec
59
'
..
.
'
A 9
92
163%
■>'
;
July
.„
547a
"•547a
56
■"
98
*96
42
973A
973/4
*97
>19%
2074
♦19
.
*96
-
V 12
Apr
11
Jan
22
23
Feb
27
144
v
Apr
,,
<
77
Mar
Jan
Jan
Gt
37% Apr
9
16% Apr
17
10
Feb
5
Feb
91 % Apr
16
8%
30V2 Feb
11
12
Jan
2
97% Feb
11
43'A Apr
1
4y4%
Corp
9
7
Feb
7
91*
Apr 22
Guantanamo Sugar common
$5 conv preferred—:
11
19 Vb
Apr 23
Dec
44
Feb
10
54% Apr 23
Dec
57% Feb
10
75% Jan
Sep
14
Jan
2
39
Jan
31
Feb
19 y4
Feb
12% Mar
117a
-
.
$5
No par
-25
preferred
Gulf Oil
5
1
No par
Corp
16y* Mar 22
Gulf State* Utilities Co—,—-No par
10
35
Apr
10
Haekeasack
9
15
Jan
5
'
•32
34
*13%
•32 >
133/4
-
"
16
*167,
16%
16%
19%
197a
47a
43/4
878
8%
33%
237a
2,900
28%
2874
287a
29%
4,000
94 Va
94 3/4
94
-
i;
'
13%
217a
217a
;
,
16
11%
117a
117a
11%
917a
;913/4
,
,16
4174
117a 'fllVe
11%
%
■I 91%
41% "41%
407a
4274
•>: 5%
•
;v
■
v,|
' 89
89
1
■'*
89%
697s
.
697/a
157a'
•
177§
;
52 ": 52%
•*v
17%
53
1574
89 '/a
89 % •
>
f:
l73/«
17
-
,
,
>;•
.
69%
-
41
40s/a
57a '
'
57a
..'.
12
917/a
92
41%
40%
41
67a
53/4
157a ,-16
,
-1,100
'■.
5%
.j
♦91
91
43,000
1
;
'•
50
93
37,600
70 3/4
72
157a
' 167a
,
,187a
187/a
18%
197a
537a
547a
54%
73 y.
71 %
72%
1,200
32,600
157a
167a
16
16%
7,900
34
34
♦33
347a
<
.
H
32%
Dec
14
Jun
13
Dec
19
Jan
87%
Dec
112
Feb
102 %
Dec
108%
Sep
X101% Feb
10
;19%
Apr
27 %
Dec
21% Feb
24
26% Jan
148%
Oct
(W F) Printing Co_
Hamilton Watch Co com
.28% May
160
Jan
39% Jan
For footnotes
see
147
Mar 24
27% Mar 16
page 28.
3
Mar 22
14% Jan
5
Jan
12
104% Apr
12
89
••
23
eonv
preferred
(M A)
Harbison-Walk
150% Jan 28
32% Apr
4*
Henna
"
*83
100
6% preferred:
Hart, Schsffner
—
to Marx—.
100
10
30
843/4
1487a
*
30
147a
14
14
14
233/4
t
.
35%
14'/a
14
«
*837a ■; 84%v ( / *83%
8474 »'
■'•10372t 104721: >>*1037a 104% »■'
u
24
•145
.
*34
15
1047a
*2374
.
353A
*14'/a
14
:
104%
com—No par
•34
15
*133/4
No par
Co $4.25 pfd—No parRefrac
35%
,
♦14%
Hall
9
;.
13% Mar
79
•34
.25
Water.
.
//
* 145
30
23%
24 - '
• * 145 " t ^148 Va -
233/4 '? "
H 148 Va t '
30%th
^*29%-
30%.'**
.3574
♦34
14V4
14%
14
14
*8374
8473.
♦145
-
•
148%
*29%> 30 •:
14%
15
1,000
14
*13 3/4
14
600
*83 7a
847a
103%
103 ya
23%
,
;
31%
84
10374
*83%
,
103
2474
24
.
..
32
300
247a
2,600
148%
*145
*145:1487a
,;30,
100
15
»147a
14
•10374. 103%
233/4 "24
150
5,200
3,500
6%
72
53
71
1574
11%
537a
53
53
70%,
157a
92
91
18%;
IS3/*
2,600
12
f
40 3/8
.
17%..
53
35
1574
■153/4
17%
53
240
34 7a
«
■;
927a
*90%
,89 7a
70%
-
153/a
'177a
63
:
"
5% ; v 6
57a
57s
5%
91%
41
50
137
63
62
♦917a
/
1,600
137
1377a
:?.
333/;
62
34
8,300
213/4
21%
.
2,500
467a
46
343/4
*137
16%
91%
91
21%
21%
-
100
•133/4
133/4
467a
3374
11%
2,200
13%
35 Va
92
510
12%
33
45%
I 16 Va
y?
94%
123/a
133/4
63
100
32 Va
45%
>137
1377a
;
*6174
63
15,800
"
123/8
*32
'
"
•
33
12
12
337a
447a
V'
40,100
22%
83/4
?' 133/4
22
600
4%
*32 7a
95
12
1974
337a
237a
"8%
♦327a
23
95
800
> 22%
83/a
323/4
♦32
:
18,700
987a
43/4
197a
4%
437a
19 74
98
34
35%
35
i
100
43
98 7a
7
43
98
29
10,500
98
*96
98
•96
42 5/8
:
*287a
137%.
'*6174
63
*613/4
35%
*35
213/4
137'/a
■
'
63
*6174
21V4
1377a
213/4
♦136%
137%
55
133/4
>45
457a
443/4
22
217a
547a
2,700
227a
54%
457a
"1378
137s
227a
98
12
50
121%
55
8
957a
*120
22%
427a
34
*32
y>
34
137a
7:
45 7a
4474
*136%
Gulf Mobile ft Ohio RR com_No par
2
16 y«
943/8
113/4
1
12% Feb
76%
957a
1174.
117a
85
Jan
94%
12
^*90%
Feb
5% Mar
96
3,000
5%
5%
121%
200
-.54
537a
22%.
29
3
preferred
Grumman Aircraft
16
51
.
1
29%
,
*53
22%
" 3274
?
233/a
28%
100
Common
Dec,
r :
23
29
Northern
14%
Jan
2374
29
♦94
7%
27
21
22-%
121
247a
5,900
247a
24 74
53% ;, 537a
5%
57a
8,700
807a
•79
807a
247a
4%
87a
=
'79
19 %
"
337a
29 7»
Great Western Sugar com
2
33 7a
/
*113/4
Ry %% pfd
No par
No par
preferred
:——
_100
Green Bay to Western RR
100
Green (H L) Co Inc_„
1
Greenfield Tap to Die Corp„No par
Greyhound Corp (The)—
22
20
Mar 16
29% Feb
14"
10
46% Apr
1
8 Vs
*3274
8"
•32%
•
19,600
99
i
4274
4%
23V»
5
100
95
»
13 % Dec
Apr
Co common
preferred
4%
7%
77/a
33
500
217a
227/a
98
20
23 74
No par
Grayson-Roblnson Stores com
1
$2.25 cum conv pfd
No par
Gt Nothern Iron Ore Prop
No par
Apr 23
14
36 % Feb
> 60
Dec
33
;
57%
33
20
Dec
105%
*
May
31% May
22
'■?
77a
*3274
34%
..'■' 9174
21%
120
*97
•■i
437a
4%
34 Va
*90 3,8
537a
t
98
20
35%
92 7a
217a > 217a
5%
22 Va
I
97% y 98
;
20
4%
474 "4%
1
5
98
"
>
423i
42%
417a
34%
243/4
*119
v
''5574. 553/4
9774
417a
No par
City Steel
3%%
16
132
r
21% Mar
6% May
-
19
Jan
12% Apr
V.
Dec
17
May
4% May
78
35% Aug
? /
Dec
•
Mar 27
12% Jan
Jan
Feb
70
Oct
14%
29
-
■
27% Mar
•v.
May
29%
'-'i
/ '
;
9% Mar 16
No par
No par
Co
Union
Grand
Feb
May
;
Graham-Paige Motors
Granby Consol M S to P
"l
Feb
12
1
2
8% Apr 23
18
28
..
5% Jan
33 Va Jan
preferred
Hosiery
24
,
Dec
9
'
3% Feb
25% Fob
$5
Gotn&m
21% Oct
' ;
Dec
90
<
Oct
11
Jan
41
31
Jun
12% May
;■
16% Feb
8% Mar
May
5%
~
,
>.
227a
9774
54 74 .;
.,
Goodyear Tire to Rub com—No par
"
101
119%
'
22%
Shares
share
•90'A
207a
5%
5%
1193/4
5%
$ per
the Week
••■'«. Apr. 23
54
*53 7a
.
for
Bales
Apr. 22
80
237a
237/a
54
22%
120
22%
"
61%
"!
5%
*117
i
22%
.
'
*79
807a
*79
*53 7a
574
120
227a
•
54
57a
*117
10
217a
81
*53%
a
35
207a
20%
8
92
913/4
24
24
53 Va
■
m
$ per share
share
347a
:
24
•79
No par
_50
5 7«
V'::
35%
92
*79
No par
com
1
34%
92
>
207a " 21
2074
19%
•
>
10
•-*
Friday
Thursday
»
Apr. 21
$ per
$ per share
35%
9272
<
(The)
Goodall-Sanford
Jan
share
3574
4,800
87 %
;'8l
"
PRICES
Wednesday
•K
Apr. 20
$ per share
t per
•
,5
common
conv
9
No par
No par
preferred
Goebel Brewing Co
Gold to Stock Telegraph Co
9
44 y« Jan
100
Brothers
Glidden
2
121% Apr 22
24% Jan
preference
$4.50 preferred
5
v
conv
Glmbel
12
27% Jan
53% Jan
47% Mar 16 V'-- 57% Jan
94 V* Mar 11
4
84% Jan
;
r
*
Par
V
p-in
Apr. 19
Apr. 17
SALE
Tuesday
Monday
Setardey
..
Gillette Safety Razor com
6
217/a Apr 23
3
Mar 17
19% Feb
July 1
106
v
4
21
104%
13
91% Apr 21
17% Feb 14
26%
51% May
5% May
STOCK »
EXCHANGE
$ per share
J per share
27% Feb
Dec
105%
Dec
NEW YORK
Lowest
Highest
HIGH
600
119
2874
•y/u
AND
'1,900
119 ?
-y
LOW
'J
v;
5,600
27
26%
24%
;
81.
:
26%
27
119
243/4
90
"J
263/B
-
101%;.
%
4,300
126%
5
,
28
245/a
V' 24-%
.
25
*124
5 74
2874
•: *99
101%
23,400
27
2574
1267a
./•
119
3,200
4,900
13
27
267a,
4,100
3%
3%
12%
5
27%
24
*'
3%
25
28
?
■
1,400
'1,400
16
157a
16 7a
,12%
♦124
A
277a
*118 3/4
27%
>' V' >, '
Range for Previous
"
'
20%
378
267a
T
157a
20
12%
5 7a.3 :
.....
;■
.v.>■..•',
'7:
:
■"*
45,400
v 1,400
98
147a
1974
15%
25
57a
118%-'
25
1237.
977a
15
19
-
126%
♦124
53/a
2474
110
583/4
123
97%
147a
3%
243/4
25
26
*99
>?
15%
-
-1274 -12%
:
.
126%
24%
360
102
'
•:■■
37a
24%
\
;57y»
:"
.
122 72
1227a
9774
15%
27%
,*87%
,*
58
1,100
2,600
127
102
567a
973/,
.118%
'."*79
*126
103
123
1227a
27%
>
127
:.
567a
56
?
127
*102
100
10
49
,
,
,*27%
101%
95%
*94
*102
5 •• :
233/4 ...24%
' 61
39
•1267a
273/8
90
43,200
387a
103
.26
26%
24%
36
38%
127
*124
27 Va¬
•;■•;:* 99
353/4
393/a
39
3574
10
56%:
50
138%
35%
487a
247a
,
138%
*136
138%
X383/8
10
122%
1,600
353/4
343/4
48 72
ils 74
233/4
.*87%
100
140
170
100
2274
22 7a
10
2778
25'
/ 101 %
23%
23
4874
>118%
••r-
27% : 27 y8
22%
973/4 ^
•••:.•
5%
.
23
1074
7712%
v
126 %
*124
23
38%
*37
r.
4874
■;••• 3%
25%
25 Vs
>
25 V*
26%
♦99
5
13
i23/4
75
73
38
18%
V:
16 %
3%
7,600
747a
73
38
16
19
18%
800
11%
4874
"7 15%
15%
13%
10 V4
9774
60
13
74%
:7
1,100
152
117a
39
74%
200
93/a
152
117a
11%
117a
7 117a
5,700
13
1274
13%
9%
93/a
152
•151
♦937a
122%
98
r"-. 16'/a
93/B
93/a
.150
1,900
*5,700
104
%
56
1227a
r' 27%
.»
1,600
57V4
104
104
49
*102 %
563/8
1223/8
2674
2674
,
100
573/4
*103
9578
127
126
*27% /•277s
118'/s 118 »/a
•
100
com
preferred
preferred
3%%
f
48%
37a"
-
25%
1
Gen Tire to Rubber Co
^
48'/a
m in
187a
16
/
3%
,
No par"
Refractories
Castings $6 pfd—No parTelephone Corp
20 O
Time Instr Corp com
No par
Gen
1
2
48'/a
•
General
6
.
10
•'
^124
,126 V2
100
53/8
10c ,% V 5%
Steel
Gen
)
10'/a
>1278 "13 Vs
No par
com
General Shoe Corp
23
y
v
5
Corp
preferred
:
Realty to Utilities
General
r
•
6
187a
',
10c
Utilities
Public
Gen
'
il
Cement Co—
Gen
17
Jan
82
Feb
15%
Equip Corp—No par V V 16
101%
7' *13
393/a
39
*93 Va
10%
;.•>/
5674
97'%
Precision
*1007a
57 74
5774
58
104'
139
95%
103%
123 %
^General Portland
10iy2
357a
35 \'a
102
127
*102y8
>
•1007a
101
97a
140
140
.,
36
39%
t
.
:
*125%
No par
153/8
23'/a
10 y.
>'
56%
Advertising
22
15 74
*37%
387s
10>/8
97%
Public Service—
Apr
Jan
Outdoor
217a
15 74
74%
*93%
;
95 y8
♦122%
Gen
Apr
,
•
i 28
>72% Jan 23
Feb
39
*10
v
22
15%
7
117s
23
353/4
.'.
;
No par
series—No par
Gen
123% Jan
Mar 30
25 >
f >
357a
Corp com——10
$3.75
,1
Apr
Apr
40 V*
Nov
.
28;
13
Motors
preferred
16
•
5% Apr
11
Feb
Jan
••>138
23
142
*93%
100
100
preferred
conv
Preferred
Mar 31.
22% Feb
-
-25
$5
Gen
27
Apr 23
128% Jan 29:1
29
30
;
Dec
*
>13%
22
106
Dec
Apr
3% Api*
common
preferred
General
i'A
•mil
17%
•
4% Mar 11
Jan
35%
21% May
85
128% Jan
124 % Jan
Apr
95
Feb
29%
....
-•
May
2U7«.
3
13
21% Mar 16
Feb
36%
18% May
26
58% Apr 23
124% Mar 25
11
Mar
11% Jan
Feb
>
6%
140
>
,
2% Feb
:
Jan
31%
Oct
14
Feb
16%
,
3% May
16% Feb
Feb
-4%
May
125
Dec
.26
>
*2% May
50% Mar 16
Mills
217a
1574
577a
39
23
"
7
Dec
13%
com
23
38%
•'
No par
No par
1
Corp
2178
?: 150
♦74'/a
4
15,600
3674
101
*37%
7474
39
600
7%
7 7a
36
♦103
13%
11%
117a
113/4
*74'A
■\
7%
35
97a:
*13
137a
77s
21%
7
150
150
1,200
203/4
20
36
57%
>: 9%
•■
97a
151
*38
;i
U.
35%
/ $3.50
preferred
General Instrument Corp
y
743/4
223/4
>'
13%
•
38%
*138
General
Dec
18%
ii7B
No par
4
Jan
V
Foods
Co
9
25
Feb
9%
♦149%
300
16%
16%
-
20%
36
'
7
104
*102 Va
13,600
7%
35%
7%
101
57%
56 V2
103
103
743/4
Inc com—No par
100
Electric
8
51%
65%
>
%
*100
101
♦100
56%
57
1037a
113/8
•
7
15%
>
4,400
87a
19%
157a
357a
22
15
*37%
'i.
—50
Mar
118% Feb
97
357a
2 1 3/4
15%
133/4
X
—100
preferred
Jan
95
*
l't
Feb
2nd
preferred
General
120%
>94
1st preferred,^
conv
General Cigar Co
6
% 12
36
22
87a
83/a
*19
'
73/8 7
7%
157a
*13%
•
No par
com
4%
A%
40% Feb
Feb
xl22
General Cable Corp
•;
28
39% Jan
/
2
Mar 13
9
Jan
37% Apr
Mar 19
34
88% Jan
Aug
54% July
Dec
Jan
>31% Mar 11
;; 16% Mar
Dec
100
138
Feb
V.
5
2074
22
101
17
*163/4
35%
56 3/8
*103
Corp
163A
217a
15%
*100
pfd series
16%
"*203/4
217s
'
A
No par >
9% :
93/a
Baking Co common
5
*149% 151
preferred
No par
$8
16%
21%
73/8
>
8%
19%
16%
,7%
15%
87a
197a
•
*20%
:
16%
21
87a
83/B
*
87b
v
7*18%: 1972
19
35%
21%
83/b
:
,-8%
83/B
8
'.
.
87a
7a
8
19
TV*
General
'
Jan 19
•
19
» 21
21%
*34%
General
$4.25
8
73/4
87a :
16
16
i6
£
$4.50 preferred ——«-.100
Amer Transportation
5
10'/a Jan
14
-1
50
-1.66%
29
5
,
>*21
6%
com—1
Investors
American
774
*183/4
19
*183/4
y,
Industries Inc com
Wood
■v.,.'.
'
No par
Co
73/4
87b
77/a
878
No par
(The)
General
19
155
Co
,
20
preferred
4%% conv preferred
Gaylord Container Corp—
2
58% Jan
1
Apr
Gar
com,
•7%;
8 3/4
1
1
(The)
Gardner-Denver
104% Feb
9% Mar 17
Jan
> 14%
102
6
8% Feb 28
.
146
July
Jan
1
Co
Gamewell
15% Apr 23
50% Mar 11
100% Jan
Dec
185
7 23
99% Mar 24
Jan
109
Oct
May
5% Feb 11 \
16
Apr
/> 8
i
23%
•v
Dec
6%
21
18
43%
10% May
100
Nov
11..
5
Feb
Aug
14% May
9%
Jan
Dec
26 %
149 %
20
17 %
f,i
4% July
48
18% Mar 23
Gabriel
Galr Co Inc (Robert)
22%
14% May
X101
9% Jan. 2
> 9Vs Apr 14
.
-
-132 %
.
1/700
YORK
NIW
Previoas
fiance for
Range since Jan. f
¥ear1947
ft per
ft per
share
6
10%
Dec
9%
22
35
Jan
Dec
l
Jan
2
t
101
Apr 23
i
56
Mar 25
13
42
95%J»n 23
-ion
<
Nov
68
165
Jan
22A
14 %. May
Jan.
140
14Va Feb
Feb
63
Feb
Mar
121
38
Sep
113
Oct
134
20
Sep
114
Jan
146'/a Apr
20% Apr
;■
'
6
»■
128V2 Feb
2
;
2
30% Ajjr
10
122% Jan
21
12
v
9
79 ya Mar 23
27% Jan
:
$4
23
82
Apr
preferred™
>
Chemical
3%%
8
.25
*54
*146%
"*17%
54%
22%
*21%
22%
*21%
22%
*21%
22%
*21%
22
*21'/a
22
24%
27%
28
*14
14%
>*14
25
25
t' 24%
Feb
14
56
Feb
36
44
Dec
23 JA
Jan
85
Feb
29% Feb
10
34% Jan
105'/a
Sep
88
Mar 30
92% Apr
23
45 A
Jun
38
Mar 12
42% Jan
5
163A
Jan
28%
Dec
20% Feb
30% Apr
22
Dec
29
Household
2
Dec
37 Va May
20 Vi
11
Feb
19
Feb
H
22
38% Mar
31 % May
3
Oct
36
33
Jan
31
45'A Apr
4% Jan
2
7%
May
Feb
9 %
13% Mar
Apr
May
43 %
Feb
34% Jan
20
12 %
May
21 %
Oct
14'A Mar 17
30
Jan
15% Feb
7% May
15'A May
7'/a
33A May
9*
19
5ft.
21
Apr
8
2
*
116%
117
117
117
XI15%
25%
*
25'A
82
28
24%
>*24%
42
>*40%
25%
39 Va
33%
34
17%
17%
17%.'
17%
17%
17%
17%
41%
40
40%
41
41
42
.>
17
•
*
33%
33'A
90%
90%
38%
39%
27%
28%'
-28%
29%
28%
30 %
'33%
92
21%
5'A
■>
21%'
42%
42%
*5%
43%
5
21%
21%
43
,
5%
5
11%
11%
10%
; 10%
41%
41%
42%
41%
42%
42%
17%;,
16%
17 %> :> ;> 17%
17%
*18%
18%
*18%
3%
3%
11%
3%
1
%>
18
>
18%
3% .;•>•;
-•
;
92'4
40
41
30%
29%
29%
21%
*21 %
45 %>
1.200
190
;>■>
21% >>'->
44'4
46,400
V
,
5VI-
v
800
3,400
44%,^./
4%
,4%
1,700
2,900
2,100
.
11%
10% H.%
VA
*10%
11%
*10%
42%
42%
42% V.
:-42-;v.
42%
9,600
>17%
18
18 >'
3% ;.. 3%
18
a%-
6,100
..
337/s
91%
44%
17
17%
*33%
39%
29%
>
33%
92
21%
5
*11
./
1,200
33%
42%
42%
5,900
>'
92
:
3,000.
.>-
39%
>
22
>*21%
*4$%
100
——
*40%
.
5,100
25.%
38%
34%
91%
e-
.-■
14%
24% -,25%>,
38%
39'A
40%
5
■
-'.'v
34
33%
43%
*14
>>:,..
15
6,800
•
34%
90%
22
27 % »
38%
> 39%
5
200
34%
'
■
40%'
*21%
5,000
38
v,
40
*43
30
11'/4
31%
11
500
...
34
27%
.,27
80%
38%
.
40%
33%
26%
80
38%
42
*90'/a
25%
34
17.-';
33%
*25%
*33%
•ti 16%
92
26
25%
*14
,25
520
.
25%
26%
15
700
115.
82
*80%
26
*14
•
116
25%
25
30
30
*40%
16%
53%
—1
25%
>
s*j
14%
> 25
25 0
34%
40%
Corp—
*14
14%
39% 1
.
25
25
115%
-
29 %
30
25%
82
25
-
117
30
24'/4
24%
82
38%
;y. *90%
25
preferred-
24
34%
100
,
25%
24%
23%
*80%
29%
*80%
25%
25%
82
*25%
24%
82
5
non-cum
Hupp
117
34
No par
vtc
Texas
X29^4
38%
*40%
Hudson Bay Min & Sm Ltd—No par
Hudson Motor Car
,,,_—No par
Hunt Poods Ine
6.66%
15
4% Jan
13 >
of
30
Manhattan common—100
Hudson &
6
21% Jan
Oil
Howard-Stores-Corp
Howe Sound Co
22
Mar
42% Apr 22
>
Mar 16
3
Feb
Jan
12% Jan
5
33
7
Houston
30
i67/8
com..—^No par
Finance
3%% preferred—
Houston Light & Power
30
38%
Houdaille-Kershey com,——No par
$2.25 conv preferred——.——,50
14
46% Jan
»
27
*29%
34
,
17% Apr /ft,
5,500
125
125
126%
4,000
55%
54%
55%
*125
■400
20%
24%
cum
30
5o
.-390
•
152
18%
*24%
19%
9
54 %
126
>
18%
*30 Vz
»Hooker Electrochemical Co..—--5
Mar
56%
56
*%4
*124
18
r
:
•f,
*148%
U%
2
,
17%
400
200
55%-* 55%
>
31%
16
13'A May
55'% ^50
> 12a%
:•
>
125%
KiHt'
57 •; '
149
11
24
26.
*121
17%
:
'
...
*147 %
,*30%
Apr
14
2
54% ' 55.. V
54%
125%
is.
\
>*55 Uv
55%
149
*146%
149
*17%
•
'•
>55%
54%
54%
*ltu%
o,
18%
*17Vij'
18%
%
149
101
11%
42% Feb
Jan
.-e'*
'' "54
*146%
149
100 %^f
1,800
■
■.
407/e
101
31%
35% Jan
15
> 100%
100%
■J39
11
7
11.
>*54
*100 >
100%
40%
25,400
'
.
86
,
31%
11
13% Feb
Oct
2
23
Apr
54%
.lvt/74
100%;
*38%
>
*85
11%
15% Feb
28
>v. *99%
86
40%
*38%
»>
*85
32%
26% Feb
25% Jan
>
gg%
86
'
11
37% Apr
17-
20'A
„
1
;
8%
*31%
Dec
14'A May
Jan
2.
*85
"" 86
*38%
41
*85
3,700.
.
24%
11%
Jan
31'A
-300
V
>23%
24%
24% ;
31%
Jun
5
x29% Nov
,1'•%.
86 '1
8'/a
23'A
*24
10%
25
33
Jun
Apr
21% May
%
8%
.23%
24%
31%
36
26
22 %
2
12
v
7%
22%
23%
*24
24%->'24 %..•'•'
11%
48
24
-
*84
•<
7%
.
24%
32%
Jan
Feb
14% Jan
33% Apr
•
'
7%
.7%
7% •
23%>v23%>j >23%
,;'
7%
%> 24>
24%
*80%
11
*30%
*21
Nov
Mar
20A
21% Feb
Apr
7%
9%
1
Corp
May
28
«!'■
17%
18%
18%
19 V2
28,200
17%
17
18
18
3,%
%>
,
>>
'
>>>
4%
4%
4%
500
500
21,700
I
30
Aug
32% Dec
31% Apr
18% May
37% May
64%
Dec
62% Feb
93
Jan
97
Aug
15
Jan
26%
Dec
39 Va
May
Idaho Power Co
35% Jan
5
*35
Apr*23
1
27% Mar 16
20
*31%
»
32%
32%
33'A
'V 75%
75%
I Illinois Central RR Co common__100
31%
32
33%
33%
32
-
>>> 31%
32%
33
;
33%
31%
x31%
33%
33
7% May
x21
11%
Dec
30 Va
Jan
12%
17
x35% May
23
95% Mar 16.
96 Va Jan
2
24% Jan
16
,
11
31% Apr
11% Jan
20% Feb
17
23
Apr
Jan
27
15% Jan
Dec
50
39
Feb
119
Feb
20
Feb
150
Feb
50'A Apr
10
Oct
10
'
May
Dec
169
,
33
136%
180%
42
6%
Oct
Nov
15 Va Feb
8l/a
Feb
6% Feb
Sep
35 V2 May
50
Jan
108
Dec
Mar
ll v
11
40
3
May
9
% May
7
Feb
11
Feb
Mar 27
70
*
Jan
95
6ft.
Dec
186%
Jun
6
May
10%
41%
19%
20
Insuranshares Ctfs
*7.
7 % Apr. 20
46 Va Apr 14
Jan
^
Intercontinental
Int'l
Feb
11
95% Apr
23
Infl
161% Mar 31
167% Feb
23% Feb
74
Jan
25%
Dec
36%
130% July
38% May
94
137
11'
Feb
33% Jan
Feb
Dec
Jan
Sep
86
Feb
97% Apr
May
16
Feb
Dec
116
Feb
93% Apr
8
Apr
58%
Feb'
52 % Jan
24
56
37%
Jan
45
Dec
39% Mar 16
45
13%'
9% Mar 19
Jan
77%
1°
40'A May
63%
32
40
Feb
30
17%
Feb
11% Feb
17%
Feb
11% F»b
14%
Jan
26%
Feb
17% Mar
9
23
.
22% Mar
I
27% Apr 19
19
Apr
20
preferred——
May
Oct
43
Mar-12
•
56% Apr
Mar
35
4
11
29 Va Feb
143% Jan
158
Aug
18
137 y8 Jan
16
,
'
24
24
36
Apr
Jan
ft per share
6%
ft per share
Jun
13%
19% Dec
80%
;*42
54
share
104%
39% May
Dec
37
Island
7.
Mar 16
9% Jan
36
36
0
92 V2 Jan
Jacobs
(F
I)
Co
1
4,,_
r"
8
8%
*20%
i
21%
*86
45
18
44% Jan 30
Jewel Tea
->No par
*43%
13
95% Apt
3%% cumulative preferred
100
Johns Manville Corp com
^No par
> *95%
46% Oct
125%
34% July
Jan
112
•«
151
27% May
86% Dec
39
101%
Jan
Oct
.
Dec
34% Feh 10
100% Feb 11
20% Feb 19
111
100
F?b- 10
104
Jhn
152
145
41% Jan
27% Apr
29
Feb
29'A Mar 16
Feb
83% Feb
40% Oct
31% Feb
Jan
2
10
*
Jan
40 Va Jan
11
4ft
6
2
Inc
com—
preferred
2nd
preferred series A
—100
Joliet & CliicagO RR stamped
Jones <fe
V
Lailghlin Steel Gom
5ft preferred series A
Joy Manufacturing Co^—-
too
?.
*92
i
1
105
37
*142
38%
38%
••;••
112
•>
:■>
,!> ».*142
105
:
38%> ;38%
14
Jun
Dec
16
May
47JA May
133A May
20% May
13% Jan
;
22% Feb,
108% Mar
29%
Dec
14
Feb
U
18Va Apr 23
90
Feb
17
97
23% Feb
11
July
Nov
14% Mar 17.
26%
Feb
20% Feb
20
24% Jan
\
lo
21%
Oct
17
10
21 Vi Jan
2
48% Mar 12:
Feb
Jan
42
59
49%
Feb
36
Feb
Feb
19
peb
11
Feb
92% feb
11% Feb
21
21%
Dec
27%
Dec
116%
Vi Feb 13
47 Va Apr 15
11% May
65% Jun
85
Jan
63
25
May
38%
Oct
29% Feb
90
Dec
34
Jan
45
40 Va
20
Feb
102 Va Aug
40
Oct
Jun
-
59
Apr
52% Oct
Feb
4% May
9
32
Jan
For footnotes
see
Feb
13
19
8
11
5
13
.
59
Apr 23
16% Apr
157
Apr 23
51
Apr 20
43
Jan
31
23
Jan
8
103% Jan
2
13% Jan 17.
75
Jan
2
35 % Apr
23
95
Jan
20
38% Jan
2
B
Copper
Kern. County Land Co__._
Keystone Steel «fe Wire Co
>*103%
13%
23
26%
common
Cumulative preferred 4ft
(S S) Co
Kresge
16
52% Apr
3
Kress
46% Jan
2
Kroger Co (The)
11
9
11
Feb
page 28.
5% Jan
17
12..
Apr
24
Mar 24
5
15%
15%
£ *21%
22%
No'par
—_5
-
ig
18
55%
50V4
..
*38 %
13
4% Feb
53
(S
Laclede
II)
Gas
&,
Light Co
La Consolld 6%
Lambert
Co
Co
*142
34%
56
55%
56
V4
50%
50%
50 >4
39%
*38%
40
22%.
101%
*39
22%
7%
■V
*72
74%
*72
;•
33%
33%
92
92
92
92
37 Va
37%
*49%
50
43%
43%
4%
:
-v
•:
>8%
•36% >37/
*49%
43%
- "
V
43%
,91%
36 V2
.
50
.j
31
84
84
»- 170
43
42%
43
>1,400,
*96%
37%
26%
*103%
105 %
155
38%
,
,16%
51.
38%
>1
17%
>V 200
'39%
9,100
,> ';
17%
.18%
32
:
57
17%
55%
50% >50%
*
*39
\
2,000
.
Y
;
v,
50%
*39
40
22'/a
'
102 Vb
123»
12%
12 Va
12%
73%
,72%
72'/2
72%
34%
34%
.34%
34%
92
93
36%
36%
93
37%
;>
*92
37%
50'4
50%
43%
*43%
'4%
*10%
11%
*10V4
21%
21%
21%
4%
4%
5
11%
22
10V4
*
*39'/a
73%
*
*21%
5
10V4
22
4%
51
.
*
>
6,200
>
3,000
104
*12%
72 '/2
33,700
.
'
22 %
102 Vb
*
1,900
;
;
40
22 Va
••;
.,
>
57
50'4
102 V8
> 1,400
":>-> 400
16
56%
40
22 % ;
/
50'4
4%
>
50%
22 Vs
43%
11%
19%
102 Va
50%
21%
22%
-
220
2,000
19 V4
>.'
56%
,
.
29,900
59
.
16—v> i>'; 16
22 3 4
>'• >;
19
22 Va
.
57
x.
22
18
55%
>
97
'33% >34%
.
57
102 Vb
22%;
103
33%
22.
55%
..
..
V4
16
16
22%
Y 17%
97
97%
*96
43%
21Vs
,
17.800
35 Va
92 %. 92
39
> ,.17"'
"'■;.>'
;>:•
157 a
40
.
/ 9.7
12%
230
>
73%
..
200
> ■>
.
*
50
35
35-
35 V2
6,400
93
92%
92%
280
V? ' 37%
37%
37%
50%,
51
.
5
5'4
*10%
11%
21%
21%
2,200
51
Y
43% ,44
44
'
.
155
34%
,
93%
>■•> ;>>>
>43%
*10%
5
100
105%
*142 »,
34%
15,500
1,300
*103%
1551
> *92
»i 38%
->
>27
27
105%
*142;.'
>-34%
.>;
>93%
200
>310'%
*107
112
26
>'■
*96% '98 :
> 37% '38%
98%
36%
*107 V2
50 Vs
,-x
23,300
21,.
54%
12%
34
>
for
* -Shares
8%
>v
84%'
31%
56%
*72%
33%
Sales
the Week -
"■
42%
*21%
>•
12%
73%
.
32%
4
103
.
Friday
Apr. 23
ft per share
21
29%
v*.
15%
18
'
22%
102
800
A
■
144%
•
;•' 54'Va
.22
50%
*
4
30%
15 %:
18%
22%
600
34%
*140
Apr. 23 A V
>■.->>>>;'.
97
53%
•;
-..>18 >
55%
.;
102
>: 2,600
»>■•'*>
*16%
> '22;, ;,
*12'/a -12%
10
,
-
.22
6,700
/:
*20%
■>-'S 84
>>
112
,..>38%
*92
97%
../r. 29%
18
12%
ser__100
No.par
15%
22
:
*12%
10
No par
15%
.
14
"
>
; 53,..
1
^No par
pfd—75 Pesos Mex
(Thet
22%
No par
i—__
-v
'.:97
106.900
26%
ft per share
•t
43
■<> 33% > 34
16%
> *96
30%
53
*101 Va
Feb
20% Mar 19
29%
53
No par
Koppers Co Inc
>""';
30
Kimberly-Clark Corp cojp___No.par
4% conv 2nd preferrednoo
Kinney (G R) Co common
—1
$5 ppior preferred—L—£
:"
97
52%
-
1
Kennecott
>16% xv.16% >>>■■■
2.9%
Kansas City Bouthern coip
No par
4ft non-eum preferred^
100
Kayser tJulipsl & Co—5
Kelsey Hayes Wheel cdnV class A—1
Class
16%
97%
4,400
iS
22%
Thursday
36% >37%
•
Kalarnazoo ^tove & Furniture
..10
>16%
Kansas City Fewer & Lt Co—
>'>> >'> >
3.8ft preferred
__,._100
*95'/2
45% Feb
41
Jan
Dec
Mar
91% Jan
Feb
Dec
20%
34% Apr 23
58 %
52'/a
103
12
18
41% May
Apr
Apr
700
14 Va
13%
>>■
94
35
27
35%
>' *26% >27%
>>>>>K ;>>>>>:>
56%
13%
144%
7%
J8%
.
56%
23
35%
85%
'34%'
95 : '■
'38. Va
42%
*32%
*140>.
*96% >98
>
100
-500
42%
13%'
>>
21
42
155
>; '>>..*92
95
7%
*108
27%
3,500
•
PRICES
*85
>
11%
96%
56
22%
V
22,300
:.A"^200
97 />
11%
13%-
:
>
Apr. 21
*20%
.
60
56%
95
35
35%
144%
137
-
*55%
>
55%
22%
'283/«.
ft per share
.
112
*26'/a-
,
.
30,900
11%
56
13%
■'Wednesday
21
34%
,
SALE
7%
■
v
> >*103
>i92.v>,;
34
;"i
155
.
%v.
95
■
21
105
34%
i
7%
27%
;,
35%
*140.
HIGH
85 V4 >86
-
112
.'*26 V2
*103
AND
43% : V>; > 43
433'i
97
> >.
*96
97 V
37 Vb >37%
37%
*95%;
155
34 Va
_100
43%
35%
30
29%
55%
97
*32%
»
13%
13
22%
12,600
*95%
:54Va
35
6,400
83
42%
547/8
33%
4 -4 Va
137
97
42 V»
13%
*26%
144%
„
11 per,share
>/>
87,
♦1097'a
27%
*142
No pa.'
>•
13%
Apr. 2b.
>
8
-
Tuesday
•
,
21
•
*86%
113
*26%
.*103
7%:
•♦20%
37%
*109
x
->.
97
37%
i
100
Johnson & Johnson common—>12%
Mar 31
35% Apr 16
93% .Apr .16
6.
3% ft
9
Co
Apr. 10,
> ft per share,,a-.
87
92
9
>
•
13
22% i
*140
-
54%
;
27V«
.35%
i
y
Monday I f
.
4 per share
39% Feb
Feb
37
144
*95%
35> *32%
22Va
LOW
Jaeger Machine Co common—No par
Jersey Cent Pwr & Lt 4%. pfd__100
'
30
*35%
>-140;,.
,
Saturday
1
;>>' Apr. 17
y
.
2K. Mar 22
5
Jan
>
> 144%
97
>:42V4
230
6,500
4
55%
-
9,300
,
TVs
32%
29%
97
95%
163%
*79%
136%
>11%
10,000
» 1,300
6%
83
54%. ,>'>>55%
1,300
14%
141%
;
163
32%
291H
'11%
3%
14%
.*140
4 94%
54%
97
13%
1,300
.160
6%
136%
11%
>^>*42%
45%
96%
3'/a
55
;
700
45%
3
138
54-
7%
*95%
4%
54'A
27V»
-
29 I
*1363A
1
54%
*13%
> >.
27>/a ;27Va
>
STOCK
EXCHANGE >
2
19% Jan
12%
>»21%^ 22
*140
ft per share
83
13%,
12%
9.500
>34,100
95
4
97
42%
,12%
43%
21%
*7 % >
163%
31%
11%
>> 54%
.•-,»• >P3%:
35
13%
42%
141'A
*79%
'
4%
29Va
1,200:
21
14%
6%'
96Vi
:
55%><•'>•
*42 Va
158
<
93%
31%
4,900
*154
95%
163%
6'J
4»A
1,000
50%
49%
21%
14«A
•
8,100
3,900
14 Vb
43
141%
..,
10%
23
14'A
157
3
»
6%
>>>*95%
97
54%
21%
Sep
Dec
25 Va
ft per share >
54
12%
50c
new
42V«
'' »32Va
37
com
YORK
.42%
93
30%
•
10%
140
95Va
3Va
163
♦79%'
55%
11%
56.
92%
6V«
137
>'> 96%
>>55%
*97,
12%
26%
Jan
Jun
145
NEW
11%
97%
35 •
—1
Creek Coal
> ?>11%
.
1,400
•> ' 980
31%
22%
>
-
163
•
>; 31 >
■
141%?
30,500
98
140
20%
.
>1,200
78%
49
'139
.
14%> 14%
v
29%
■
'
48%
138
157 >» *153.>
42% >
42%
3V8
83
54V2
A>, <-95%
97
*21%
-
53
24% Sep
Dec
,..-No par
' A ' 137
55
49
138
140 Va
4Va
2^%
,
136%
>■
f-
C- ;
31
*79%;
10%
97
6%
4Vb
29V*
,
>>>>56
12%
^tpres
No par
—_^i^.N9par
$6 .preferred
Range since Jan. 1
;>
'
Highest
*32%
vl04%
108% Dec
98
Feb
ctfs
97%
>
-
4%
10>/4
»
22%
22%
>>-'*14 -v 14'%
96
163% 1
30
83
54%
97*
> 54%
11%
*96
30
.
10'A
45'A
92%/.>
-<r.~
6%
-
30%
?%>>'
7%
7%
45>A
»-45
> 45
! > >:
3'A
162%
1
6Va
>>,3ft%
14
31%
35
*95%
*7%
,
.;-141%
92%92
136%
1
42%
Interstate Dept.
Intertyp® Corp
19
>>29/
,
97
No par
Lowest
Feb
24% July
Dec
89
>
Highest
29%
46
A-
98
211A
96:
'
3%
141
163%>
3%
.
54'/a
97/
No par
Shoe
3%
29%
>»^79V2
136V2
56
STOCKS
Year 1947
.
54%
.
/*54
Range for Previous
Lowest
29Va
;
.
4-5
-
96 ;
141
6%
3%
.*11%
Foreign
;
.
17.
140
,
82
*136
International Silver common^>—25
7ft preferred 1
j25
International Telep &Teleg—No par
23
Mar 31-
14% Jan
11
29%
.—No par
International
Apr 22
27%. Oct
Jun
29%
.
100
*
-,
*96
20%
21%
14%>»>14%(.-:T4% >>0'
14'A
91%
6%
Int'l Rys of Cent Amer com—No
par
5ft
preferred
—
100
'
6
Jan
9.1%»
*6%
*3%
$4
■
141
.162%-162% >>>*162%
>79%
*
9% May
9% May
>>*91%
•
<'
,
International Salt
29
Apr
14%
142
i
.C
-
22%
*136
-
-
31%
34%
77%
.
,
30%
48 Vi
1
7%»7%.>^
96
96
*141
Paper Co com*—A15
21
7%
46
46
>*14%
com—5
—:
7%
97
157 >
*153
42 %>•■;>
42
*153
,
77
14
48%
137
41%
21%
45%
100
4*
7
107% Jan
*
No par
common
preferred-^
Preferred
16
V
Harvecter
International
23
46%
104
No par
new_No par
>:>
42
.
>>
96
&*3 >>' 3% :>>>>. 3%
International Mining Corp»
il
Int'l JNlckel of Canada com—No par
-
23
56% Apr
28
Rubber
Machine
»'•>
7.Va
^8lA
>134
>" v*153--> 157
157
^>45%
<-'96
100
Iron ——,——..—No par
Business
4ft
6
Apr
No par
cojn—
Int'l ^Minerals '& Chemical
8
19
30
>_ 1
7% preferred
100 A
Infl Hydro-Electric Sys class A—25
-
137% Mar 29
2
42% Mar 17
107 VB
-
4% Apr
24% Mar 16
135
Oct
23
79% Apr
9
3 Va Mar 16
59%
Vy Dec
9
Feb J
I Inlcrlake
*153
2 >/>
7% Apr
'
5%
Corppreferred—
4%%
6
11
Inc
Interchemical
8
1
34% Oct
1J4
42%
16
96
Dec
3% Dec
134,
: >>>
14
14
48>:;i>18 >'>>>"■
' ;>>
19%
3% Jan
22 Va May
>47%
48
132% 132%t
>,41%
14% Apr
76
>»>li».'.14
100
142% Apr
5% Feb
14
*13%
No par
10
Feb
22
S A—V
preferred
20
11
July
163
Mex,
Inspiration Consol Copper—.—^^-20
2% Mar 10
80
De
Inland Steel Co
11 Vs Feb
July
Electrlca
30%
,;*30
Rayan—
—1
IngersolDRand common;——No par
125% Feb
15 Va
10
22
,^.1000
l5 '
43% Apr 23
103
95%, Apr 22.
"
A
96%
21% Apr
,,
A
100'A
series
*95%
Industrial
Apr 23
158
34% Mar 10
17%
Apr
12 Va May
ctfs
> ?6%
> *9,%
_100
4ft
.>>'>.76
76:.
76>" -:'•>■ 77
*95%
96% %:i'v *95 %> 96% >>>*95%
>>> 30%
30 Va •.
*30 V»
31% >>>*30%,
:* >. 9% > 978
9%
9% >:
10
>>22 > 22
>>> 21%
22 ,.22
A.100
ser
Indianapolis Power & Light—No par
> Industria
23
140
pfd
conv.
Illinois Terminal RR Co—
2
'
107
lines
RR stock
28
9% Feb
14
22
non-cum
Leased
23
Feb
Dec'
July
6ft
34%
78 >
31%
33%
J
78% Apr
Hi
-
Shares
75%
8%
117
25%
35'A
11
7%
*72%
8%
75%
8%
No par
,—-5
30
17
Dec
Dec
14%
Jun
7--.
*72%
8%,
8%
*29
preferred
—100
\ Hilton Hotels Corp
———5
*Hinde & Dauch Paper Co
-AO
Hires Co (C E) The_,
1
;
Holland Furnace (Dell™,—r,,,.*,5
Hollander & Sons (A)—
-,—5
Holly Sugar Corp—,—-—10
Homestake Mining
—,,,—12.50
10%
,
*23
*24
'
>'
,
*124
conv
Heyden
7%
-■>'
8%
No par
preference
Hewit;t-NioblnR
Inc—
•
"
1-—-,—100
Hersney Chocolate com
2
26'A Apr
4
Feb,
18% Mar
common..—
npn-cum
5%
7
t
75%
Sales for
the Week
ft per share
'
8%
24
39
8%
Friday
Apr. Ti
Apr. Ti
ft per share
%
7%
*7
*72%
75%;
8%
Thursday
per share
.>.,('/? '
,
.
preferred
,—100
Hercules Motors— —■—No par
Hercules Powder- common
No par
7%
23
57 % Apr
.
> Helme (Q W)
16
21
Feb
27'A Mar
Sep
29 %
■>
Mar
46
134
Dec
29 %
*
Mar 22
Sep
Dec
50'A
126
9
7,
10
9
51% Feb
Jan
Dec
*72'%..,
'75%
*72%
24%
86
>;fft
$ per share,-
■■".»'->7 ><-.7%>/
7%
.'<.7
">
,
Apr. 21
:>
v
•
7%
7%
—
.■
49 Vi
140 %
>7
.
75%
8%
8%
.
13
87
7%
*7
*72:%
-
Hazei-AUa» Glass Co__
5
" 24 \
Hecnt Co common
^—.—15
*24
3%ft preferred
100
86
Hern* (R J) Co^ common*—,—-25 ,v.,;;v*37»
3.63ft
cum prelerrea
.—.100
•'/, 93%
*
Jan
27
35V»Apr
42%. Feb
July
May
»
5
5
Jfln
78
■
7
8% Jan
26% Jan
14
Hat Corp of Amer class A———1
4'/a ft preferred ——,—100
Haye$ Industries Inc__
1
Hayes Mfg Corp
——.—2
\
5
$ per share
FRfCES
.Wednesday
Apr. 30
^
t
SALE
Tuesday
r>
Apr. 19
.
$ per she re
Par
23
26'/* Jan
Mar 10
Apr. 17
;
HIGH
AND
LOW
Monday
Saturday
\
EXCHANGE
.
Monday, April 26, 1948
STOCKS RECORD
•
v*
.
.
9
Jan
9% Apr
U
Vz Feb
21% Feb
1033A .Apr
Dec
S9&
6
x20
303A
May
90
Oct
.Jaa
i
Dec
-
79
11
STOCKS
■
•
NEW FORK STOCK
;
7% Jan
24
6% Feb
35%
4% May
Highest
Mar 10
73
%
•
1
,
Spertfiare
share
6 '/a Feb
Feb
Apr
Feb
12
May
25
ft per,
share
100%
EVa May
75 Va
Lowest
Highest
Lowest
:
'■
t
FINANCIAL CHRONICLE
&
COMMERCIAL
THE
(1818)
22
*10
21%
5%-
11
21%
^
'
900
1,600
14,800
200
2,600
v
Volume
$ per
$ per
share
49 %
56
30 V*
44%, Jan
f,Jun
;
16
Mar 19
Feb
26% Jan
27
31
Feb
11
*■
Feb
10
30% Mar
-.1
12
37'/a Jan
9
•
•
35% Mar
■
5%
;
Jun
"
25%
10%
''
-17
25
May
8
41% Feb
78
169
40%
Dec
Oct
Apr
63
Aug
30 %
20
3574J
35
Non-cumumtive;
«34%
pfd^i—_No
>>>''>'■>>'•
& Fink
67a
27a
27*
207a
20%
85/b
8%
87b
j
48
.
97 74
•957*
977*
977*
11%
117a
12,
8,400
•347a
367*
117a
35
ll7/a
347*
35
357b
2,000
67e
77*
27a
27a
16,700
5,200
'
'Feb
79%
107a
137 %
Dee
21%
Dec
V
•
>
Dec
Oil
V 23% Jan
13
84
,
8%
497*
50
497b
50
107a
107* V
107a
107*
10%.
10 7b
10
10 7b
2,300
19%
20
20
20%
2,800
487*
49%
497*
>v
'
Apr
23% Apr
19% Feb
27
>
18
Feb
19
141V Jan:
21% Feb
>
20
11
4-
20
tcv'
Oct
v:
i.
•8
Cement
Lorlllard
-I'/c
(Pi
jft'
46% Apr
23
Louisville
31'/4 Apr
23
Lo wen stein
4V*7fr
Lukens
8
r
Steel
84%
117a
11
837a
3,200
04%
64%
65
45
457a
447a
45
19%
20%
207a
20%
20%
84
♦80
•80
.
84
;
21%
22%
22 '
227a
v
427a
427a
1,000
117*
117a
117*
66
667*
68
45
45
45 %
12,100
207*
20
205/a
*80
84
217a
207/a
21%
6,000
84
*82%
84
,
217*
21%
217a
22%
43
1687*
20%
20%
*80
150
♦1687a
169%
44%
66
45
11
OO
26,100
3,700
117a
64%
42 7a
21,800
18%
19 7a
18%
197a
19%
197a
197a
197a
19,200
187/a
66
67 7*
66%
677a
66
667a
66
667a
667a
667/e
4,000
66%
26%
26%
26%
28
277a
28%
265/a
277a
6,300
197*
197a
197a
3,900
1477a
1487a
237a
467a
267*
2674
26
19 7a
19%
.'
2274
44 7a
44
*21%
,
1487a
227a
45
44 7*
7a
2 9'/a
293A
947a
>♦94 7a
23
•22%
23
•
22%
„
227*
45
95
.
227*
237*
46
457a
29
297a
297a
947a
94
94
227a
<
22%
227*
22%
•■
>
170
900
•'*>
8,200
15,100
317*
297a
29%
94
,
23
23
•
22%
44 7a
29%
29
148
457*
227a
•947a
95
19%
*146
-
45%
45
29 3/*
29 7*
94% V
148
227a
*21%
7*
19%
19%
♦1467a
148
148
19%
"18%
V
19%
19%
19 %
1487a
149
22%
10
Co_
500
837*
66
11%
64 72
84 V
♦147
100«
9,500
11
117a
19 3A
2674
50*
A_l-
95/b
357a
43
42%
'
& Sons Inc com—l
7,000
9%
357a
168
65
',117a
19%
49%
97a
43%
43%
3,900
83%
168
168
2,300
,
35%
9%-
84
83
44
667*
«
100 '
Nashville——,^-!
series
83%
87a
87a
87*
•357*
93/a
35%
168
;> 18% >
„10:
:
pfd
84 3/*
44
21%
■
Electric A—No par1
iMj
cum
847a
168
48%
>
35
44
•81%
,
4_i__^-No par-'
common—
&
35
9%
•34%,
34%
170
207a
7a
48
*347*
44
:1972
No par
preferred-:
Louisville Gas
-96 V2 Jan -15
24% Jan
Co
93/*
♦168
11
No par
Corp-i.
12
23
19% Mar 17
-
—^__No par',
t
49%
9%
'
207a
20%
48%
,
9%
45
:
:'64G/a
>41%
No par
No par
Long Bell Lumber A
12
A
Mar 17
: •
Inc
Star
20%
49
170
;-*43%
5-
;
Co,—__J
22
Apr
38 % Mar 16
92
Lone
•23% Apr
6
-1
a
Loew's
5
Apr
150
5
20%
9 7a
85
\
>168
T__100
No par
conv preferred—1_100
Lockheed Aircraft Corp__L__»__;
1;
16
•
85
,37a Vo
15
20 72
>34% : 34%.
25-
Liquid Carbonic Corp com
9
'28% Apr
?
•
Co——1—
Belt
Lion
68% Jan
Oct
26%
Link
23
19% Apr
101% Aug
v
23
2
; Feb
29%
Apr
27
Jan
53
>.
Dec
11% Apr 23
68
13% Jan
-Jan
29%
Feb
-
preferred
•-7%
Lily Tulip Cup CQrp„-__;
Lima-Hamilton Corp _-J
19
45% Apr
,
Marl6
79
Apr
-15% Feb
Oct
172
17% May
13% May
10
44
55% Mar 16
»'■■■■
2l%: Jan
Apr
Liggett & Myers Tobacco com
—5
2,800
8%
497a
487a
95/a
9%
'-7
V--
207*
20 7*
487a
487*.
■
63
207a
-207*
20
207*
*31
i
49
2074
J-
48%
8
,'f 57% Feb 28
j5
Feb
> 2§-%
-12% May
17%
14
>
,
2074
No par
2
1743/4 Mar 30
26
>18
N6 par
Jan
5
63
2%
2%
2%
*31%
'
7
67a
2%
:
2%
207a
8%
87a
487a
107a
6%
67e
63'
•31
61
10
97%
49
83/4
48 7b
900
11%
20%
21"
107.
1,200
•957*
•31
48 7a
,
°10%-
Prod Corp-—V_L^^_5
50
397*
25%
397*
257a
39%
25
25
2,600
25
•397*
24 7a
67b
27*
63
407*
Shares
127a
51%
67a
347s
6%
♦31
t per share
*49
..
117a
347*
2%
63
50
127a
12%
50
977*
11%
'
127a
Sale# for
the Week
24%
•96
' 67a
207a
par
y
25
2%
"31
127a
53
•397*
63/b
rpreierred'->ii:^>$0
Libbey Owens Ferd GlassLibby /McN eiHyte Libby_i-Life Savers-Corp-i'.
•—-
91
V 28 Va Fe» 11
Feb
27
.
V
Dec
39%
40
11 %
357*
38 V2 Jan
Mar 12
Feb
;•
Jan
103% Feb
10% May
93
9774
11%
Lerner Stores CorpL_.
12
8% Feb
Dec
58 % May
-
10% Apr
37
-
Dec
35%
18%
♦967a
117a
Lehn
19 '
56 V4 Jan
82
12% Oct
Dec
Dec
20% Apr
165% Feb
Aug
10
19 % May
20
13
31% Mar 16
,
.(
191% July
47
/,
8% Feb
Jan
x48
33% May
X'>
24%
97%
Lehman
Apr 22
53
39%
'
24%
247b
3'
$3 non-cura Ifct preferred-^No par
>11% Jan ^5V
24
;
117a
& Sons Co com
\ 50c non-cum 2nd
9
Mar 18
46
Apr
96%
•
May
78%
50
39 %
Lehigh Valley-RR:^
VV-50
Lehigh Valley ;Goal/eeftn>'i^>>V>;1
•
5.9
8% Jan
i.t
25.
16% Feb
Feb v
1
U
May
24%
19.
> >9% Feb
Feb
■
59%
29% Mar
>?>
.' 5% Jan
♦507a
527a
39%
Friday
Apr. 23
I per share
share
per
12 7a
♦507a
''
46% May
•
9
.
♦507a
407.
247a
Mar~30 : •,'; "23% Mar~23
; 19%
,
Jan
24
Dee
.
Feb
/; 50%. Feb :
*
2% Apr
2
527a
4074
»96%
?.
Feb
,
9%
•
38% May
1% Jah
35% Mar
x
14% May
f, 7*.
>'•>>'>>/■'>
3%r Feb-. >•
•
°50 7b
5
V $
12%
*12 7a
.
cumulative preferred-..-100
tJamt's)
3.85%
23
-7% Apr 23
;-4% Mar 16
y:
■
1% May
12%
127a
127b
50
Tire
&
Apr. 21
$ per share
S per share
share
12%
Lehigh Coal & Navigation Co—-10
Lehigh Portland Cement25
Lees
4
Apr
J per
No par
common
preferred-—,
Lee Rubber
2
.-
98% Feb
•
•
4V2 May.
,•
4 % %
13
Jan
44
Bryant
Apr. 29
Thursday
Apr. 22
Wednesday
Apr. 19
Apr. 17
par
Lane
9
x52%Apr
95% Jan
Apr
*
12%
137b Apr
27
35
Feb
101
Dee
9Vi May
EXCHANGE
PRICES
SALE
Tuesday
Monday
Saturday
HIGH
AND
.
STOCK
YORK
$ per share
23
Feb
30%
217* May
47% Jan
*
»
Highest
,
9% Mar 12
-
Feb
56%
May
95
Feb
.
1
> $ per share
share
» .1-14%
Jun
38
Lowest
Highest
* May
10
NEW
Range sinee Jan. 1
FINANCIAL CHRONICLE
&
LOW
:
STOCKS
Range for Previous
Year 1941
Lowest
COMMERCIAL
THE
Number 4693
167
170
94
*92%
1
22 Va
2,600
22 %
1
)'»*
r
;|||It>>'M>>>:>>>
f '*
>•> i
34
'.<■
Mar
Nov
VI52
4:',
.
:t
41% Ma^
30% May
Jan
27
40
Jan
Apr1
..
13
142'
Feb
13
60
:Oct
V- 43 % Feb
11
527s Jan
'5
r36
7
-■
*
41%: Jan
C
;>
inc_vL_—^>i—No parv
*136
141 >>.
5i
>
*136
:
51
99 %
5111
Dec
'
11% May
16%
21% Mar
Dec
i
Apr
12
101% Jan
11% Feb
5
-15% Apr
Xl6% Feb
25
Feb;
15%
Apr
10%
7
Mar
""
•*
18% Aug
-9% Fp6
>24
r
10
Madison
12
Apr
455/;-:
f
t
'-f
-
;
,■
'
-
:,r.
■
„
<.
6
Jun
Dec.,
277*
>:
!:>'• 5%
9 •>
May
16%
22% May
V 97 V* Dec
34%
1:L
,
514
14 % May
V
39% May
V
18% July
r
A
-24% /pet
63»/2 Jan
35%
175
88
106
5 Dec
85
Dec
82
'
Dec
'■> -7%
Jan
49%
V
v:
May
> 14% Nov
42
5: Jun
108% Mar
113 y-Jan
35% May
48%
V
110-
Apr
Jan
26
"b9% Jan
12
'
,
Jan -13
.
107* Jan ?;■ 5
43% Jan
21
Jan
"9
112 '
41% Jan
6
'
7:* Lowest-'
Highest
$ per
$ per share
>
Dec
35
Mar
24
May
46
i
share
Dec
Feb
25
Feb
88
45%
Oct
,
>32
44
Feb
5
10074 Apr
14
4234 Jan
15
Feb
87> Jan
177a May
257a
Feb
183/e Feb
11
3172
Feb
Dec
167a May
%40%
23%
50
2Q
257a
May;
437a May,
10
1874 Jan
5
577a Jan
6
24
10
>
Mengel
>
5%
Mercantile
23
167b Apr
13
5074 Mar 18
Merch
& Min
44% Feb 11
577a Apr 23
Merck
& Co
88
90% Jan 27
.
Jan .10
357a May
477a
Dec
Jan >
4174 Jan
Mar 10
.36
Feb
94
111% Aug
2374 Apr
13
19
5
Metropolitan Edison
Dec
7
..
'
20
23
Mid-Continent
43
Apr
15
Midland
137% Jan
»2
5
pfd—i—100
Minneap & St Louia Ry—No par
Minn
Mar
1297« Feb-11
,127a Feb
Nov
.15% Jan
27
9Va Mar 17
13V* Jan
27
56% Apr
21
.5
96
Mar 25
547a Mar 11
70
Jan
66%
Jan >
45
1147*
Feb
707*
Dec
15
..
.
> 107a
Dec
>Oct
123
Feb
8
J^n
,
2
>42%
Mar 16
' "'
Feo
119
Feb
10
1134 May
257a
Feb
137* Feb
5172
Jan
34% Mar 17
13%
Feb
>
11
32% May
-v
>:«
4
Apr
23
,672 Apr 23
May
2372
Sep
j 49 7a May
32
V
110% May
w
6374
1287a
>
9
> 24 7*
Feb
Feb
"49% Feb
Feb
$6.50
;
121
Apr
'
2
17 7*
Mar 17
112% Apr
58% Apr
16
5
Dec
"13
Mar 17
16% Apr
277a
Dec
23
Mar 17
27
14%
Nov
117* Jan
23
■v
277a
Oct
Jan
22
Dec
:<
May
17
1974 May
277a
147* May
1027a
Apr;
10
35
15%
Apr
9%
Jan
507a
Jun
167s
.
Dec
Mar 17
16
33 % Feb
••
23
Motor
Products
16
Motor
Wheel
217* Apr
25% Jan
19
5
Jan
10
147* Jan
21
108
37
2
111
17
Mar 19
42% Jan
16
23
557b Jan
5
39
page
(John)
21% Feb
11
507b Jan
preferred
2774 Apr
'
Jan--5
Jan
i7
Jan.-2
13
'
,
>
par
series
&
&
Lines--—-X-5
>
«
Corp_—„___No par 125%
5 >,. *21
Corp_
—
Brass
•
Mvers
IF
Ei
A
16
*237a.
13
3
Broa—
No db'
21%
,
1,600
337b
3,600
10
457*
46
8,500
88
88
210
>
>240
877a
88
887a
787*
80
107a
107b
10
10 7b
1,600
40%
400
40
♦39%
>
•
J
40
60
1107a
357*
110%
*1107a
1117a
10
337a
347/s
337a
34%
1,200
-
*41
'
33%
*93
95
v,
>>43
20 Va
207s
22%:X
987a
17%
/
> 14
167a
163/a
56
567a
730
16
167a
167a
167a
3,200
497a
497a
497a
4978
800
577a
1,900
1027a
♦102
127a
4V,
...
10
10
567*
56
95
114%
1147a
47 a
5
;
15
157a
11
117*
11%
6,200
3,900
56
68
..
56 34
527a
55
957a
94 %
94 7a
110
69
687a
697*
1,600
,
1027a
1027a
♦1027a
147b
147a
147*
1157b
64
65
5
116
657a
4%
5
25,800
2,200
117a
2,800
117a
117a
*267a
277a
27
27
595/e
60%
59
59% V
117a
117a
'
:>
597#
•267a
277a
s597/b
607a'
.
i
121
•1197a
125
121
121
♦110%
111%
1117a
111%
57'%'
;16
16
•117
121
16
24 Vz
237a
700
12,000
10,800
13%
137a
137a
587a
577a
587a
16 Va
15
15%
♦24
23%
137*
25
13'/a
257a
200
lllVa
577a
*
200
8,600
111%
! 157a
587a
15%
;'
137b
25%
58 s/#
24 Va
167#
26,300
387a
111
247a
■"
21%
•1107a
;>■
57a
11%
♦118 7a
13
17,900
€4%
387a
111
16
119
207a
267*;
*23%
5
630
387*
121
>
63%
35,000
157a
21
Ill
13 72
117
30
103
20%
11%
•'
♦117
24 72
6,100
15
38
27
577/a
240
>
147#
20 7b-
117*
587*
1,700
43
1357a
387a
27 '.
57%
134%
387a
117a
59
34,700
417a
41%
.197a
117a
597b
587*
54%
55
135
38 7*
38:
59
21,700
207*
197b
20%
387a
18
•947a
}
1147a
63%
4%
637*"
177a
107b
14
13%
240
187*
417a
:
♦1027a. 1027a
137«
38
-
68
300
99
533/a
^
567a
95
68
4,100
40
40
107#
95 Va
627a
5
.
22
987a
217*
♦134
4
14%
20
>*26%
:
217a
*39 7a
98%
177a
14%
1147a
1157a;
627*
607a
134
13%
X.
13
*114 7a
.1
89
400
90'
987a
•
41%
134
567a
*88 7a
*39 7a
547a
52
*40 7a
57
«2l%
'
407*
18
67% 7 68
,-♦102 78 1027a
687a
687a
■
<567a
> 89
91
147b:>
♦95
X
-
49%
177a
>
417/a
5ft'/a
56
95
„>
■16
-
-56%
217a " 22
>
53 Vz
9%
10%
97/a
56
95
5
♦24
25
300
137a
13
137a
3,600
26%
267a
27 7a
6,800
26
26
26
257a
26
21
207a
207a
*203/a
21
21
20 >8
1,000
217*
21
20%
217a
21%
217a
217a
217a
217a
3,800
217*
217a
217a
217s
■;;
21%
2372
23%
*104
105 7a
*12% : 12%
3672
3672
"UOVz 111
13Ta
14 7a
*38
40
*51%
53
167a
56
99
134
20
300
167b
98%
187b
14
14%
'
227a
56
987a
134.-,
1347a; 135
,
19%
25%
217*
3,600
> 22
x
167a
*39%
52 7a
r
44
2,800
20
55
*89
v '
*417a
427*
20
4,000
3o3/4
177'a
527a
42 Va
13
16
18%'
507b
400
227a
16
23
♦98
98%
217a
16%
r/>
907a V
;
■
*217a
55
16 7*
39%
400
207*
*93
227a
56
22
22
*41
22 7a
•49%
*89
*217/a
20%
427a
56 7*->
>
100
22
43
^
22 7a
*40
49 7a
»
34
100
22
22
92
497a
A-,
337a
34
100
41
557*
40-
33%
900
41
167*
90
237a
1,000
2,200
*89
15%
39 7/a
52
90
15%
227a
52:
52
270
20%
16
90
1,100
•
197a
15%
*
29 7*
90
55'
V
297/a
887a-
16
•
287a
20%
55
>'■
..
•
>
197a
15%
55
39%
887a
■
547a
r
1,900
337a
1007a
39
*93
'>>;
-■21% >2iy>
437a
227a
227a
52
.52*
21%
88 % 4>
'■■■'*
*42
29 7a
52
>,
> .;
217*
217* ;-f
*87 V
88%
227a.
*33%
217a
2IV2'
207*
20
*87
28Va
96
217*
S per share
33
*98
327*
100
♦39
34
%
Shares
397a
327*
*98
39%
39%
for
the Week
Apr. U
/
$ per share
325/b
v.
100
33 7a
*21%
17 Vz
10272
Apr. 22
Sale#
Friday
Thursday
>
;
*28
'
22
50
3772
38 ll3/*
11%
*26% < 21 Vz
59%t59%
*116 'r-121
111
J 111
58
537a
.
227a
172
79%
*78
■
)22%
337*
!
100,:
>>,*93
*21%
r
Co—y—_No par
Co—,.:
•——_1
Mullins Mig Corp
—J-——,-s.—1
$7 preferred
4^
Nopar
Munsingwear Inc—
?.—
5
Murphy Co (G C> common——-—1
4%%- preferred—
100
Murray Corp of America com—_10
4% preferred—
^--50
Mueller
:
No par
B-—--Nopar
Co_d„No part
Inc
4%
:> 19%
100
40
587a
6*100
2,300
172
46
*86 7a
V
58
>
12,500
17%
887a
>. 457a
>87 7a
29
50% * 51%
93
;V
*11472 115%
61
61%
series A
Montgomery Ward
Moore-McCofmack
Morrell
16
Feb
see
$4
Motorola
Feb
Jan
preferred
S3.25
2
13
44%
10
Chemical Co com———5
9.
Jan
1077* Jan
r
56
For footnotes
19
Feb
:117a
Jan
112
Dec
Feb
1007a Mar 31
Nov
407s Feb
Dec
377*
19
Oct
1077a Mar
May
1077*
16.
com—;—No
RR
preferred series A
13% Feb
19 7* Mar 17
Mar
25
17% May
,
>20%
27%. Feb
—i-i-
Mohawk Carpet
6
Mar 16
May
24
Corp:
Mo-Kan-Texes
22
>47%
leo
9% May
.15%
>
*102
preferred—T—v——,-No par
Mission
7%
^
61% Jan
10
643a
May
No par
Monsanto
16
1057*
>49
vtc
28 % Mar-24
Jan/o
11% Apr
11
102
A
Regul com—3
pfd series A
100
Mills——
20
Mojud Hosiery Co Inc—
1.25
Monarch Machine Tool———No par
44
Mar 11
Feb
M
,
:
100
217a
177a
174
*172
$ per share
;>>>,'29
>*49%
50
;> 56%-567a
42%
> *1347a 135
":■■■' 14
14
107*
107*
■
*557a
56%
*947a ' 9572
*677a - 68
.
337*
112
*
"98
» >39% '• 397a :>
33
93
*42
—No par
$4 preferred ——
No par
Minn Moline Power Impl com—^..1
213/* Apr 23
11
Feb >
SS
conv
Minn Min & Mfg
5,
657a Apr 22
11
1st
P
St
3.20%
'
8
17 7*
357*
*317a
r.V> "'.''nf
49%
227a
Apr. 21
327a
32
287/a
'517a
323/a
98 7»
*973/*
10
587*
337b
Wednesday
$ per share'
39 Va
*51
4074
*3972
com—-__Nopar
577*
\ 22 Vz
930
.
9,100
100
21
*
HIGH SALE PRICES
AND
100
90
22%
*89
Minn-Honevwell
1027a Apr 22
15% Apr 23
111% Mar 11
> 56% Oct
>
99 ;
.
8%» cum
2
Feb
887a Jan
>14% Feb
Jan
37a May
-
Petroleum
Prod
Steel
17%
107#
110 7a
••
1
100
100
2272
>>> 22%
1—5
18% Apr
58% Apr
;
283/4 Mar
■
Miami Copper
11
Mar 16
*
■:■
Apr. 20
323A
32
5672
pV j .>
21%
167/a
79 7a
*39%
40 :V"
112
Tuesday
t per share
887a
:■
>
:
Apr. ID ">
32%
567a
,
107*
LOW
51Vt
z
15%?.'15%
»: 55
>55
> *15% '15%
*4984 "49%
<
987a
j'. 88
10
36
♦997a
887#
*78
36
16%
277a
217b
467#
t
*87
797a
*1107*
16%
263/b
'
M'20
227a
88-
,"*39%
v.
>r Monday
■
>>*41 »"43
v
11
13
/
May
-
{r
Feb
Dec '<> .102 7«. Dec
104
X
35
*
.
.
517* Apr
99
*>•>'- *''' >
38% Feb
157a
6% May
847a
v;'.,-
.
20
3.907* .pfd-100
Dec
156
Jun
47 % May
i-
j
36
36
*
^
,'■> 107a May
7.
I
*87
112
♦1107*
28%
*87
5
Mesta Machine Co————
Nov ,:
187a Mar
>*39%
*"86 7a
9,400
7
6%
.-■7.
167#
;
^74 ;>
>45%
87%
*10
21 W
1,100
337#
„
♦172 >
•
47%
,■
13,300
227b
32%
*78..
„
107b
40 >•'y.
>.
287a
i
337*
*172
77a
20%
26%
v
400
■
24
77B
207*
257/b
17 7*
22%
'
400
•
577*
57%
174
24
,
i 167b
21%
17
«v
.il 46
■
87%
78 V
10
>>:
237a
4,600
97a
'
'
l77/a
10
>
9
9J/a
98%
100
V 21 Va
525
8%
;
7 *
v>- G%
26
,,57%
..>■87%
877a
39 Va
>
No par
487a
Apr
297/8 May
1367a
Scott
45%
12% May
877a
;
24
v
207*
»
7
16%
•99
:
327/e
i-y
78
•
22 V
.
24
% 67*
25%
,
22%
44%
87%
*92 : v> 93
*22
22%
*21% 7 21%
$3.50 cum preferredid-^—.-No par
«>>. j;
'
Transp C0i_—No par
&
174
:•
43 7a
3972
32%
Inc common*——„le
Merritt-Chapman
101 ./Jan .8
6
♦172
100
.
57
23.x;.
327* ■32%
32
100%
*507a
.,
(The) common_i-d
1,
1st preferred—50.
Stores Co Inc——__3%
28
173/a Feb
33
Co
conv
18
>587*
23
287a
-100.
i
*99
>.21%
177a
173/a
577a
>
397a
■:
pfd (2nd series) —*—50
Melville Shoe Corp*——————-1.
127a Jan
>
997a
21% >227#
share
3172
*98
2nd
4%
",437a Jan
Jan
$ per
>
com—18
Inc
series)
(1st
Jan
1037a Mar
;
99 -V(
v,
Apr. 17 V>
Norris Mfg Co
—
10;
common.———No par
pfd
Jan
> 6574
Dec
977*
Apr
Jan
16
i147b Feb 11
>52% Feb
Feb
25 3/*
>
7,700
525
97a
20%
6%
137a
13%
13%
9 7a
.
16%
25%
25%
26 7a
.f •
5,800
9
77a
207a
:
227a
9
>
300
4,200
207a
575
•
■
23
23
7
21
,20%
:
9
5,100
147a
>
Saturday
•
Corp
47*%.
477a
Mar.;:-
83
.
Mead
Jan
43
Robbins
&
Mc-Quay
94
27
"
Pub Co——No par
f 19%
13 7a May
41
24% Jan
203/« Apr
2074 Feb
Jan
1
;•
>
>.
,
367a
100
147a
*525
•
9% *■'•= 9%
77b
6% >. 7 -V
" i6%
16%
vx
f^
>>>;>:V!> >
-{i 1.'^^ )'
^V
» $4 /preferred./—.No par
McLellanStoresCo———1
11
367a Feb
Jan
.73
6
27
>80% Mar 24
:Feb
247a
May;
5572 May
9372 A2r
227a Apr
' V'
'
Porcupine Mines—5
McKesson
197a Feb
Feb
Dec.
9
12
1674 Feb
Oct
105%
Jun
.16
;,
Mclntyre
Apr
34% Jan
5
88%
J
>">>>
Electric Co_iiii.———1
McOraw
.52,
Jan .23
105%
2178
.
McCrory Stores Corp. com——i—a
X 3 7ae/» conv preferred—.
—100
McGraw-Hill
307a Mar 17
Dec
87
»* EXCHANGE
.2974 Apr, 23
23% Mar 17
> 45
.s ^
;
7
16%,
.
-
Par
Jan
-
STOCKS
$ per share
337a Apr 23
11
>
V
vv7f **
'>
/
>>
Highest y
Feb
" Jan
-
*
367* Mar 12
> 567* Feb
> 307s May
i'
V> NEW YORK STOCK
since Jan. 1 ''"'
per share
33%
10774
May
82
Range
.Lowest,,
?
*
'
•■>>>;>"
Range for Previous
"..'.••/Year 1947
16%253/*
■
12
8%
,
10%
23
6%
21
♦163a
Chemica'l Corp.vi. No par'
313/*'- 32
•7%
preferred—ri-i^i>.—iil00 ;'I »172 r 174
May Dept Stores dommon
Am'<41
V5
42 7aJ" >42 7a
Hi- 43.75 preferred—>i_>—>->-No par >» 87%> 877a
$3-75 cum pfd 1947 series.-No par
'377a
877a
>- 43.40 bum pfd-^i-i^—No par, >r*77
>79
Maytag Co commod——No par ;
*107b ; 107*
$3" preferred id—iii—_^^_No pa r
> 40 >40
•$6 1st cum preference—i_No par"
•11074 112
McCall Corp
d—No par ;v
< 367* >367*
—
*9%
23
...
7
6%
22 7a >*22 7a
8%
Z
10%
♦207a
7
.
lb'
89% Jan
>85
11 *
16
;
:
.
1
—i
8%
"
Mathlesdn
.-l7
•■:>
No par
Corp-i—No par'
Electric
Master
;>
.
24
-
6% >
6%
21
2174'; 22
18
<.18%
*57
577a
(Glenn-Ll-Coit.—-fi—a-1"
Masohite
13
47% Apr 20
t.?
-
Martin-Parry Corp—
Jan
S
176
6
Feb
--•32
Jan
Martin
33% Apr 23
.8
:
. •
<
Vz
*9
*23
2572
67a
21
67b
16%
"257*
>t:*iA%-'t^prelerred-ii4.V---^»i»100v.; .>99 7a ..10Q';""-
60% Jan 12
11
,
Corp—
1974 Jan .16
> 24
V Mar 12
38
:Jan:
50
2
.
4
Feb"
—5
Ry 6% prior pfd—^.100
Marshall Field & Co com-—No par
t227« Apr 16
Mar 27
84
•pJ 77% Apr
;
1 9% Feb
.
102% Feb
•' Apr; 8
35% Mar 16 '
jPeb V;.»84%
V;
100% Aug
97% Mar
9
St
2?
172
s -';
Midland
Market
11
27% Feb
FebT
Marine
27% Apr
i
Mar 16
.
lfl% Mar.
Nov
190
Dec
o-
> 39% May
15
8
■16% Apr
2
47 V2 Feb
>
Marathon
14
.7% Jan
6
Jan"
Exptoration_-^>—^_l;
Corpi—
L -6.25
Maracaibo Oil
23% Jan
4
Jan;
Shirt—i——5...■-•227'*
Manhattan
:> 77a Jan 27
20
22% Mar
;-y
26% JSTov-
24% May
,
-V
Feb
Sugar
iviwnufci
10% Apr
6
;i26 i-; Jan-, .7
•
10
Fpb'20
15
Dec
>111% July4 >>"97
"V'34f-rljJaa ■ 5:^14%
:
May
6% Feb
Feb
.
Feb
18% Mar 18
Feb
8%
Manati
2
8%
8%
36%
5,400
227*
13
12%
560
517*
*98
■
517B
147*
227a
23%
12%
*480
550
♦480
•
300
38
141
36%
100
147e
,
,
517*
35 Va
*987*
14%
,
237a
13
12%
12%
550
♦480
23%
22%
227/a
127*
127a
12'A
"
517a
517a
100
14%
38
*136
38
141
357*
347a
*98 7a
14%
*37
n36
38
141.,
51
;
100
147*
147*
>■
22 7*
227*;':
V' 227*
1
:
Co__—50:
RR
>98
100
14
>>480
550
I": ' , 8% •• 8%
>_—■_>»—No par; ,
10
10
Mahoning Coal
!
8% Mar 16
-
"
6% May
■V
ColThel
MVienavox
23
97b Jan
4
.
'20% Feb 17
Feb.
7
-19% May
' iuar
Dec
32%
v
Jari
V
Feb
14%
Dec"
3%
525 ;• Apr
Apr 23
:
A
-
Dec
22%
•
«
525
V 12% Jan
May
V1-. 9%
>)
?
500
Square Garden-i.^No parv
Magma Copper-———10'
5
137« Apr 23
H-y
1
'
,100
14
100
; 14
517a
34%
347*
347*
34 7*
♦98
>37
*136
50%
517*
50 Ve
34%> 3474
Macy: (R Hi Co Ind com——_No par'
4 7i%v pfd series A—L
.1—1004-v
'
W 98
38
;
*136
141
v
141
*37
377*
377*
37%
37%
preferred—'>_—^-'—^__10o'
6%,
Mack Trucks
>3674 Jan's 9
30Va Mar 16
com_>—10 >
& Forbes
MacAndrews
2
142 > Feb
j Novi
41
134
23 7a
23'/a
23%
237a
237a
237a
247a
7,600
237*:
237b
1057a
♦104%
1057a
23%
: 105
♦104
127/a
■>
;
5.12%
,
♦104%
127 s
105
104 7a
♦127a
367a
367a
36%
367a
1107a
1107a
1107a
•110%
13%
147#
137*
/
397*
♦38
53
•53
-
14
13%
112
137*
>
90
-
12%
127a
12
12
700
367a
127a
36 Va
110%
53
♦104
■>
127a
36%
*38
105
■
36%
367a
37
1,500
*1107a
13%
111
14 7a
40
40
40
*407a
42
54
527a
53
•517/a
53
111
14%
*38
53
111
100
15
6,400
40%
200
53
400
28.
•if
24
(1820)
THE
COMMERCIAL
NEW
Range for Previous
Year 1947
Lowest
I per shore
FINANCIAL
YORK
STOCK
CHRONICLE
Range sinee Jan. 1
Highest
t
,,
NEW YORK
Lowest
-
$ per
f per thare
share
Saturday
v
'■
-
Monday
"Apr. 19
'
Apr. 17
t per share
,
SALE
low AND HIGH
STOCK
EXCHANGE
.
Monday, April 26, 1948
RECORD
STOCKS
>
Highest
i
i
&
Par
f per share
v
«
t per
v
PRICES
Wednesday
>. •
<■>
<
Thursday
Apr. 22
Apr. 21
Apr. 20
t per share
;•
Tuesday
,
share
Friday
■:
Sales for
..
Apr. 23
i perthare
( per share
v
7
the Week
$ per share
Shares
i
N
14
Ma j
19
May
May
21
t V*
19%
Feb
14% Mar
Dee
16%
9% May
14
•
16
17% Jan
2
24
25% Jan
9
Nashville
Feb
14
29
5
Jan
7% Feb 27
Feb
9% Jan 29
8% Feb
11
16% Feb
11% Feb
17
17% Mar 22
34
29
Mar 18
Jan
.
105
Dee
Dec
187
26% Feb
20
164%, Feb
Jun
21% Jon
26%
10
9
23% Jan 12
Feb
8% May
\ 13%
Feb
'
33
May
43%
Jan
15%
6% Feb
Dec
14%
,
Mar
20
Oct
11
33% Feb
9
10
Jan
5
41% Jan
13% May
26% Dee
14% May
17%
Feb
10% Mar 15
Fibres
National
7
Nat
National
Corp
Register
Container
Co
13% Jan
29% Apr
National
Cylinder Oae Co
8
National
18% Apr 19
National
Dairy Product*
Dept Stores
Oct
Dec
25%
Jan
Feb
28
21% Jan
37% Feb
11
43% Mar 30
18
36%
87
Feb
11
19% Jan
Feb
15%
Feb
25
95
Dec
29% Jan
23
165
Dee
190% Sep
163% Feb
11
136
Deo
167
6% Jan
15% Deo
28
Jan
8%
Deo
Jan
1%
Jan
,
5
Jan
13
36% Apr
173
134% Feb 19
6% Mar 13
15% Feb 11
Apr
6
1
1
1%
Jan
2
Distillers
preferred
preferred
6%
National
A
Mai
Natl
Lt
Nov
28%
Jan
Jan
22
Dec
18% Feb
10
92% Apr 21
25% Jan
5
23% Mar 31
Sep
85 % Feb
x22
Feb
16
94
Jan
2
National Supply (The)
4%% preierred
11
28% Apr
14% Apr
2
National
100
20% May
12% Deo
29%
17%
Feb
12
11
13%
Jun
10% Mar 20
Deo
18 % May
24%
13% May
105
18%
Jan
Feb
Feb
Feb
107
38
106
Deo
13
95% Dec
100
87
26% Apr
90
Jan
20% Feb
29% Apr
42% Apr
14
Oct
36
5
11
66
9
23% Apr
3
20
62%
Jan
49% Jan
290
Feb
Mar
200
54
255
25 %
Sep
20 Va Feb
86% Jan
6
16
Sep
14% Feb
27
30% Apr
23
81
Jan
Air
2
Y
N
87% Jan 22
Louis Co com
York
non-cum
preferred
5%
series
A
4
23% Jan
6
Noblltt-Sparks Industries
36% Jan
5
64%
Nopco Chemical Co
Nov
55
Feb
18
61% Jan
5
Norfolk A
6% May
10%
83% Deo
Feb
8
115% Jan
Deo
30%
13% May
22%
102%
Feb
11
Aug
19% Aug
22%
Apr
25%
Oct
33
45 %
Deo
13%
18%
11
33% Jan
I per thare '
American
22% Apr
90
Mar 19
Cum
17% Mar 20
2
40
Co
Apr 23
Northwestern
8
Jan
7
Norwalk
Tire
A
Jan
5
Norwich
J per share
Range since Jan. 1 >
Lowest
Highest
$ per share
NEW
YORK
11%
11%
11%
10%
11
4,100
-
:
16%
'16%
15%
*15%
16%
7
16%
16%
31%
*92%
7711%
95%
56
93%
56%
11%
*94
.>,24%
24%
29%
27%
28
41
41%
40%
41
88
*88
77
90
96%
7 * *94%
57%
56%
25
24
*88J/2
15%
16
58
7 57%
134%
20
23%
63
134%
23
23
23%
88%
16
88%
41%
]
'
16%
66
20%
19
*21%
•135%
18%
16%
65 y2
19%
57
*55
57
*55
57
*240
250
•200
250
230
8%
7
;■
9
26%
92% V
92%
93
18%
18%
18%
*85
v.
85%
*22%
10%
2,000
26,500
300
<
'
57
7
'
'
/77
-
<•:
10%
10%
10%
29%
29%
30%
93%
93
93
93
93
18%
18%
18%
18%
30
•••'
10%
28%
i8%
22%
*85
26%
28%
37,900
•92'A
18%
7:7
85%
■
>.
85
13,700
85
*85
V:
85%
86
*85
7
77
180
3,800
,7-7"; 10
>77
'
v
'
22%
22%
22%
22%
22%
23
23%
34%
22%
35 v
35%
♦34%
35%
35 Vb
35 y8
35
35
59 y8
*26%
58%
58%
57%
58%
57%
58%
*26%
27%
7
*26%
27 y4
*26%
27%
15%
7
27
15%
12%
15%
15%
.7: 15%
12%
12%
7-12'/a
84%
84
31%
31%
31%
20%
20%
.20%
•89%
89%
%
7' 86
88%
31%
89
*36 Vb
89
Apr. 19
I per thare
7
^1%
32%
14,600
22%- >
60,900
"22
14%
15%
14%
15 7/
24%
25
25
25%
25«A
37
37%
37%
38%
39
38%,
5%
7
7
•5»A
5%
13
AND
HIGH
Tuesday
SALE
r(
t per share
X
PRICES
$ per thare
5%
12%
> *
f
•
Thursday
Apr. 21
Apr. 22
> 7
t per shore
14%
5%
600
16,100
•
25%,,7-;, '<>••
40
;
8,800
7
«
5% 7'.
13
140
1,300
.
600
..
Friday
.
30
77
15»/b
.•
*"
<v7*
<:
87% '
*86
'7V
13
♦12%
Wednesday
-
Apr. 20
<
89
*5%
5%
13
*12%
23,100
89%
88%
*12%
.
24,700
7
12%
*88%
22%
'
700
7,600
31%
•
25%
89 '
900
;7.
; 16'/a
>7' 11%
37
7',
Monday
15%
12%
14%
LOW
7
16
14%
5%
12%
Apr. 17
#27
88%
V.
.
37
5%
12%
7
-
V
7>: 777-
59%
27%
25
15%
25%
5%
:
;
32%
21%
89%
>58%
7
87%
77 32
32 %
20%
%>
15%
11%
*86
31%
15%
12%
12%
86
7
21
X25%
36%
7'
15%
11%
31 Va
15%
5%
>
20%
25%
12%
15%
86
12%
86
.•
32
15%
*36%
7
21%
25%
'
77
245
*
25%
85%
9
12,100
-
"
23%
*55
250
8%
25%
;
.
20%
*21
23%
*55
8%
1,700
115,000
136 :.7 137
19%
*21
23%
v;-:
136
90
<
>
6,700
65
16%
64
:
135%
2,500
28
41%
7
'
41%
*200
.
25%
18%
7
16
15%
•
5,500
'
57
134%
23%
'92
'7
>
96 y2
27%
V7
90%
28
27%
"
15%
8,600
7
24%
V7
20
50
58
7 *41
7
600
500
93% '7',
11%
57 \
'
57
m
88
92 %
11%
7
1,100
r
32%
■
24%
7
800
:
'7
7";,
16
> 101%
"32
*
310
:
17%
'<
16 7
♦100
31%
93%
11%
*94
1
16
100
31%
93%
711%
16
100
102
*30%
11%
7
15%
•100
27
85%
Par
11
J.'-
93%
-v,;
,
250
Saturday
$ per thare
1,400
29'A
22%
15%
STOCK
14%
87
*52
18%
EXCHANGE
27%
14%
16%
11%
STOCKS
V
27%
14%
41%
*200
93%
-
27 y8
14%
*92%
12%
2.5o
,7 27%
14%
31%
•84%
No par
"•:27%
14 Va
25%
27
50
Rubbta
27 Va
24%
*22%
(Minn)—
Pharmacal Co
Mar
88
31%
1
Telegrapk
7
13
5
88
25
>26
i
88%
55%
34%
No par
87%
95%
58%
Airlines Ine common..10
cumulative preferred
25
88%
-:
102
50
pfd $3.60 series
23%
55
36
100
23%
•94
59
10-
23%
55%
21%
8%
*•22
10
23
14%
15%
57%
25%
*84%
$
23%
11%
*100
11%
2,200
22%
68 Va
27%
v
16%
15%
135'A
18%
Northwest
4.6%
2,100
41,400
23%
90
95%
\, 59
Aviation
Northern Pacific Ry
Northern States Pwr Co
27% Mar 22
22%
-
>35
25
Central Ry Co
Northern Natural Gas Co
23
Si
92%
22%
93%
25
com
10% Mar 18
Feb
Range for Previous
Year 1947
Lowest
Highest.
American
North
17
%
91%
I
15%
\
4,900
%
57
250
2.200
5,500
92%
87
57
1
110
6%
21%
22%
U
28%
41 .,:•••
23%
141
6%
21 y8
-
%
24%
21
7
*139'
6%
21%
92
31
4
Northern
Jan
140%
6%
20%
22%
135
•92%
-
2.50
Adjustment preferred
32% Apr 22
81% Jan - 2
11% Jan 13
x21% Jan 14
Feb
Deo
11
16% Feb
Jan
Jun
2
25% Feb
Feb
Deo
Jan
82% Mar 10
Nov
North
87
3
140%
6%
20%
92%
16%
uy«
15%
8%
A Light 3.90% pfd„100
Shipbldg Corp partlc stock
1
State Elec A Gas Corp—
$3.75 cumulative preferred
100
28% Jan 13
17% Jan
5
12% Mar 17
141
6%
20
22%
57%
Y
Western Ry
140
54%
%:
25%
Y
140
34%
166
%
134%
20%
;•
6,200
35
22%
*
*94
.
86%
♦22
iuu
180
34 %
167'A
166%
34
92'A
3X'i>
41%;
15
*53
21,500
12
93%
29
•200
17 y2
93%
"
24%
57
No par
No par
common
17 Va
92%
'
134%
7
500
17
23%
102
ii%::
2Q
No par
8
14% Mar
i6%
*15%
95%
•40%
No par
100
v
*100
55%
86%
*;■■■
l
100
Mar
Jan
io%
24%
100
No par
20% Mar
33%
10%
11%
40 y2
16%
93%
.
34%
11
10%
54%
40%
8,200
92%
11%
14%
•94
25,400
17%
%
14 y8
;
21%
93%
166%
27%
*27
14%
;'f\
6,500
21%
4,000
23%
14 %
common
17%
92
27'A
Brake
Dock
%
27%
14%
15%
12
29
17%
92%
"
•27
16%
12
27%
1
16%
168%
*88%
102
4,300
17,500
23%
%
92
*23
88'/8
15%
6%
12 y«
93%
168%
22%
30
25'/2 Mar 18
%
91%
*16%
41
21%
41%
6%
22%
Oct
Sep
•>
23%
♦100
21
19%
88 Va
1
21%
6%
22%
preferred—100
207A
19%
22%.
1
11%
17%
*40%
7,900
6%
29%
17%
6%
88%
10
11%
28%
19%
22%
Jan
30%
6%
38%
6,800
12%
6%
29%
41
1,000
8%
;
13
17%
34%
♦88 y8
25%
r
%
91%
i
100
23
8'A
38%
•
38%
6%
169%
141
•23
38
170
22%
8Vb-
> 12%
•'
19
22%
93%
34%
'
100
53 %
Dec
143
*140
*166
7
1,600
17
34
';>
.
93%
169
6%
19%
11,600
42
Pa com—10
City Omnibus Corp
Preferred
Apr 20
19% Apr 10
34%
169%
'
27%
141 •
34%
169 %
143 <'
67/b
1,200
27%
28%
16%
35
,
36%
8
•'
5,000
36%
168
'
11%
11%
,
-
15%
17 Va
.
,
550
27%
22%
6%<
35,300
15%
21%
♦93
170
♦141
N Y Power
N
100% Aug
16%
93%
19%
preferred series A
(5
93
16%
93%
34%
♦169
N Y A Harlem RR Co
N Y New Haven A Hart RR Co_100
10% Apr 23
10
Mar
Y Chic
New
Mar 18
107
York
42
•40%
16%
94
31
Mar 25
19
41%
16%
94
N
19
19
Jan
42
41%
♦93
*30%
6%
23% Apr 20
Aug
21%
*92%
Apr 23
11% Mar
21'A
preferred
Newport News Ship A Dry Dock
Apr 22
137
20%
25
Central
10
11
21
20%
No par
A St
Feb
Feb
11%
18
168
13
■
29%
No par
N
39
Feb
11%
17%
10%
15'A
27%
38%
6%
■:}. 12%
28%
10'A
10%
17%
36 %
*36
22%
37%
6%
11%
5,000
8%
13%
18'/b
8'A
16%
8%
15%
>
170
s
38%
12%.
29%
preferred
100
New England Elec System
20
New Jersey Pr A Lt Co 4*
pfd-.100
Newmont Mining Corp
10
Newport Industries common
1
New
38
.■■•:■■,< 6% 7
13%
11%
common
New York
38
6% 7 6%
12%
17%
No par
Corp
Newberry Co (J J)
38
29
Fibre Co
serial
f
6%
13%
8%
7%
1,600
7%
'
10
27%
22'A
23
*22%
8%
28 V*
15%;
36
♦168
171%
12
No par
conv
7%
:.
•168
23
17%
Co.—
Neisner Bros Inc
*22%
■•■
.37%:
6%
13
171%
<,
27%'
27%
29%
4%%
9
37%
1
Co
4%%
27%
25 V*
28
10
151/2
36
v
.
23%
28
8
27%
15%
36
12
Corp
16% Apr 23
121 r
16% Deo
*
Apr. 23
S per share
Sales f®r
''
.
>
the Week
1per share
-
.
Shares
O
Deo
38
Jan
27% Feb
111%
Feb
92% Jan
2
Apr
35%
Dec
26% Feb
11
Dee
22
July
16'/a Apr
22% Feb
14
91% Deo
17% May
93
Deo
27%
107
Dec
7% May
13%
Feb
May
15% Sep
118
92
Mar
8
Feb
28%
11
Feb
9
89
149 Va Oct
,
19% May
Aug
■\
84
■
Not
•;
May
20
Jan
Jan
Jan
Mar
17
80
July
19
56% Mar 19
Sep
11% Feb
46%
5
73% Jan
2
Feb
11
73 7 Apr
34% Feb
13
.15% Mar 20
.<■
Jan
42% Apr
5
19% Jan 13
30% Mar 17
Jan
36% Jan
47% Mar 16
54
tlft Apr
39%
Feb
30
129% Jan
.
168
3% May
21% Jan
7
4% Deo
Feb
7
; Feb
1
■
Feb
89% Feb
134
20
13,
27
Jan
2
4% Feb
10
8% Dee
13
May
i
59%
Oct
41% Feb
11
7%
-
Feb
4% Feb
13
14%
18
40% Jan
90
Deo
Feb
July
8% Feb
Feb
5
92% Jan
12
6% Feb
11
46
22
96% Deo
19% Dee
109
Juiy
Feb
21
97
Jan
2
32% Jan
37
18% Feb
11
Sep
53%
Jan
2
Dee
34% Feb
10
4%
Jan
33% Dee
29% May
43
Dae
Jan
34%
Feb
2
Mar 16
28
Mar 16
24% F*b
11
14% Feb
*
*
6% Mar 16
15 % May
9
38% Nov
48% Feb
15% Jan
16% Oct
24% Feb
Fbr footnotes
see
31
Feb
24
Mar 17
38% Feb
5% Jan
27
11% Feb
13
15% Feb
page 28.
2
11
56
Apr 19
98% Apr 22
9% Apr 22
26
Apr 22
102% Apr
9
24% Apr 16
41 % Apr 23
3
Pan
Motor
20% Jan
5
Parker Rust Proof Co
7
Parmelee
A
Transportation
Patlno Mines A Enterprise*
Penick A Ford
Penney (J C) Co
Penn-Central Airline*
15% Jan
2
Penn
19
5
Penn-Dixle
Jan
Coal
A Coke
Cement
41%
Corp
Corp
Co
*16 "A
11%
97%
•85
87% "ti
'
60
29
102 «A
10%
98
11
-
29%
19
»
150
110
300
4
29 %V'"
20,700
;
7
200
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17,200
11
7
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•
,
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19
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7
,19%
87%-7
85
60%-'
59%
85
59%
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60
<7:
87%
59%
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< ■'
61%
62%
7" 77
14%
7i 7
63%
:,14%
i
60
.
■•;
87%'.
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■
700
8,300
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:
-
!
590
,
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150
; 7:>
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800
72,200
99
98
7 7: 21 ,7
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7?
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is
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99
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98
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7
33%
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■77 97
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34
7
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36 »A
100
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33
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142
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55
140
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33
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:
70
-
lft
39
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4
48%
1
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9
39%
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142
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33
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7
17
<33%
47%
69
41%
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-
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55%
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v
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104
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69
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•
70
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41
41%
48 %
r.
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99%
141
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4%
9%
9 VB
1%
49%;
9%
.
112
49%
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99%
"99 y4
5%"
7
141%
•
7
5%
61
-
19,500 ;
7
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5% V- 6
58%
4%
59
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5,400
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i;
26,600 4
.
4%
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7
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;
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7
114,100
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143
>
7
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59
.
49 »A
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100
33%
39%
;
99%
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39%
r
150
170;
16% 716%
33%
•141
<
58%
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33%
v
-
:.
10
33%
„
1U
39%-
"'7'"400
12%
69
*15%
-
33%.
4%'.' "4%
9%
17%
56
8%
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•
99%
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26
104
17%
9%
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55%
55%
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9y8
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:
•
9%
104
23%
24
23%
9ya
38%
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40%
2%
2%
2%
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23%
38%
2%
'
2%
29 y8
28%
8
29%
♦28
7%
23%
x39
2%
114,000
4
••
33
33
43%
43%
43%
43%
43%
43%
7%
7%
7%
7%
7%
7%
*14
18%
14
14
18 Va
18%
18%
8%
8%
11%
11%
33
•
-*102
,
-
29
28%
100
8,900
12%
3,900
4
33
33
33
32%
32%
43%
43%
44%
43%
44%
7%
7y.
7y8
7%
13 %
14%
13%
14%
18'A
18%
17%
18%
•
7
7
5,000
9
•43%
7
42,800
5,600
29%
28%
11%
7
800
3
29%
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7:
900
23%
8%
1
71,700
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28%
9
110
104
41%
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6,200 7?
9%
23%
V
'
—-
26
7%
'
14%
29%
<•28
8%
11%
12%
104
2%
29'A
11%
♦102
25%
2%
2%
99%
>
-2,100
20%
55%
*98%
8%
9%
26
38 y8
28%
11%
25%
23%
29
33
1
38 VB
•28
11%
9%
.7,
23%
8%
33
20%
54%
-
31,300
V
1
55%
23%
29%
,
20
98%
39
28%
11%
18%
104
8
33
14%
-
9%
55
9%
26
29
;
20
"
<98%
;
•
♦28
11%
18%
18%
29%
8
9
55%
100
28%
33
•14
55 y4
*98
26
24
:
17%
98%
38%
*38%
8
8%
26
•102
*28
*
-
'
2.50
10
'
12
•69
'
No par
1
99'"
•>•
5%
•14%
'
9%
2%
Mo par
98%'
140
,
4%
;
17
29 y8
5
1%
38%
6
;:>4%
]
Mo par
1%
38%
<
...
-<
41%
*15%,vl6%
50%
50%
'
12%
71
32%
=••139
-
-
•41%
16%
32%
Itt
38%
1
15-
•12%
99%
100
15
-■■■■
41%
*15%
par
Co
44% Apr 22
8% Mar 22
33%
35%
27% 7- 77 27 Vs
7
100%
27
149%
72
1%
Consolidated Mine*
Davis
7
96%
12%
99%
l
Parke
<15%
38%
Refining
1
Paraffine Cos Inocom (new) .No
par
4% convertible preferred
100
Paramount Pictures Inc
1
Park A Tilford Inc
2
►
100
A
33% Jan
33%
*98 >A
.
16%
100
•'
718% 718%
t
87%
60'A *
Ne par
Airway* Corp—2Mb
St Transp
0
Panhandle East Pipe L eom_No
par
4% preferred
100
Utah
18%
»69y2
:
Petrol
Prod
7
*
*20%
29%
*15 7,
•
25
-Me par
Park
Jan
•
American
Panhandle
16%
7
12
7 96
;f«
149%;
•-♦12%
10
eouunen
Car
6
37
v
10
No par
...
Apr
9
Apr 22
12% Apr
8
•
—
—
Pan-American
i
*60'
36%
...
Lighting Corp
Packard
9
29%
•85
—12.90
99%
35 y4
<
27%- 7.
33
*98%
<
7:7
■■
100
*
11%
..
21%
18'A
—
—
96
'
*148%
_No par
Pacific Tin Consolidated Corp
Pacific Western Oil Corp.
2
;•
'
16%
26%
100
n% H:
96
.100
Pacific Finance Corp of Calif
Rights
Mar 18
Jan
{
26%
36
"
*20%
non-cunu_..No par
non-cum
JNo par
Pacific Telep A Teleg
6% preferred
6% Apr
6
61% Apr 21
5
.
Pacific Mills
15
10% Mar 22
Feb
100
11%
.2.50
Pacific Gas A Electric
Pacific
20% Apr 23
Nov
9%
147
Apr
27
Mar
8% Jan
-
8
1% Apr 22
39% Apr 23
100
preferred
2nd preferred
15 '
13% Mar 16
.
55
109
*
Jan
1st
26%
*32%
:.
99%
♦16%
98 y2 : 98%
Mo par
common
Pacific Amer Fisheries Iae
Pacific Coast Co common
13
16 %
V
lo
Owens-Illinois Glass Ce.
15% Jan 17
13% Jan 31
11
•16%
6
33 ,7 7
*98%
34%
100
preferred A
7
27'
11
62% Feb
Oct
Elevator
33 77
99%:.
34%
No par
6% preferred
Outboard Marine A Mfg
Outlet Co
Feb 27
62%
Dee
7
Apr
13% May
29
Jan
89
43%
*23% Dae;
80% Not
8% May
32% Sep
38% May
8% Dm
Jan
23
Feb
:
convertible
Otis
32 %,'•'•'
34%
v
20
Oppenheim Collins
5
154
'
pfd
preierred
(The) common
Corp
22% Jan 31
Oct
,
8%
4%
convertible
32% Jan
8
Jan
_No par
Omnibus
4%%
32%
*98%
Co
112 % Apr 20
100
Jan
5
Mar 17
18
83
Jan
180
Jan
147
28% Feb
93
Oil
Oklahoma Gas A Elec
Oliver Corp common
26
163%
Ohio
18% Jan 17
29% Apr 23
103% Apr 23
2
27
Ohio Edison Co commoi
4.40%
preferred.
3
37% Apr 23
Mar 16
Feb
16
9% May •0
Jan,
33% Apr 21
100% Apr
25
33% Feb
May
28% May
<•9% Dee
Feb
10
'
86
7
2
Dec
23% Not
33% Deo
56% Deo
131
11'
Meb
12% Feb
'i
.7
*168
23
8
No par
No par
Ref Co
Vulcanized
Nehi
27%
171%
8
7
3%%
22
Dec
10% May
24
8
83% Mar 23
26
80% Deo
»
Apr
Apr 23
50
Deo
68
95
58
Feb
20%
Not
84%
24
3
13
Feb
6% Mar 29
"l5%
19
8
137
Not
21
12% Jan
90% Mar
26
Deo
27
12
20% Mar 10
Feb
6%
98% Jan
M"r 25
11
Feb
12
10
38
46%
79%
Feb
32% Apr 23
Feb
102
Natl
Tea
Natomas
24
Dec
22%
25
22
Jan
44%
May
18% May
80
May
11% May
19
Apr
28
Apr
32%
12
230
6
16
104
X27% Mar 12
Nov
17% Jun
32% May
52
19% Jan
16
26
Feb
108% Jan
35% May
22% Deo
X87% Dec
-
13% Feb
Mar
Deo
11%
,
15% Mar 29
Feb
68
15
12% Jan 26
Steel
National Sugar
'
July
28% Not
Mar 16
National
15%
x34%
16%
24
8%
9%
10%
10
15%
36
17%
Corp
ex-dlst
23%
Mar
7
100
95
81 % Mar 10
10%
15%
•35
16
23%
28
'
28
8y*
■
•
J
27%
-
'
♦22%
No par
Co
12% May
22
15%
23
22
v
8%
29
B
21% May
f
101/b
16
35%.
27%!
•168
100
Cast
A
8%
1
Prod
Service
Stl
Power
27%'
No par
8
A—
Linen
Nat
16%
23 %
-•
<10%
V 27%
Nat Enameling A Stamping._No par
National Gypsum Co com
1
(4.50 conv preferred
No par
National Lead Co common
10
7
; 7% Feb
2
21% Apr 23
ii Mar 30
National
Mar 24
147% Apr
10
35%
1
24% Mar 17
2
8%:
•15%
No par
1
City Lines Inc.
14% Mar 17
107
74% May
Inc—I
No par
—
10
Jan
48%
•
8%
—100
Share
Cash
15%
15%
23%
27%
>
'
Jan
23%
Deo
88
1
National Can Corp
5
15%
24
28 %
8% 7 8%
24'A
28
>
preferred
A
15%
23%,
28
♦23%
•27%
1
Automotive
Bond
"
15%
100
1
38
25% May
«
1%
Nat
2
9
Louis
Airlines
National
Jan
28
13
6
St
20%
17% May
30% May
14% May
96
Feb
11% Feb
A
National Aviation Corp—
5
National Battery Co
4
National Biscuit Co common——10
13% Jan
'
7% Dee
13
< Dee "
National
5
36% Apr 23
30% Jan
6
171
Mar 25
34% Feb
*
10% Jan
<
Chatt
V 15%
8
National Acme Co—
Jan
10% May
27
Corp
Feb
,
24
Jan
Nash-Kelvlnator
20
24
-29% Feb
i30
Jan
"
13%
13%"
18
18%
*
2,000
7
4,800
5,000
900
3,200
"
Volume
Number 4693
167
Previous
Range for
Range since Jan. 1 Highest
I per share
t per share
Sep
36
Dec
117
Dec
22
Jan
29
Jan
18
Feb
110
Apr
*107
15%
18
34
Apr
8
112
18% Feb
11
16 Va Feb
-
27
Jan
41
118%
Sep
103
45%
Dec
55%
Nov
35
81%
Jun
101%
Feb
86% Feb
17
10% Feb
4
6
22
May
Feb
Feb 20
19
5%
15
Penn
23
48
Feb
51%
Dec
15
14
20% Apr
26%
May
22%
22
Pennsylvania RR~
>■
50
Pennsylvania Salt Mfg Co com
10
3%% conv aeries A pfd_——100
Apr
120
Apr
22
Peoples G L A Coke
(Chic)
13 Va Jan
Jan
27% Jan
22
30% Jan
12
Dec
9% Feb
11
18
Oct
14% Feb
2
14 % Apr
17% Apr
Jan,
47
Feb
11
Dec
40% Feb
13
Feb
5
37
May
62%
36%
Apr
48%
49%
Dec
59
97%
Dec
21%
Dec
27%
Jan
23 %
Dec
29%
Jan
22 % Jan
120 %
Aug
104
109%
Aug
91
105
111%
Dec
~10%
*
Pet Milk Co common
20
2
Jan
21
xll0% Apr
7
Jan
28
x99
Apr
7
Apr
14
106% Apr
6
16%
Oct
14
Jan
19
17% Apr
28
Jan
22
33 Va Jan
5
8
85
Dec
98% Mar
83% Apr
25
Dec
43%
Jan
25 Vb Mar 16
88
Dec
109
Feb
87
85
Dec
101
21
Apr
43 '
81
Jan
93
90
Jan
Phila A
Philco
13
28% Jan
10
83% Mar 17
50% Mar
87% Jan
2
46% Apr
23
Phoenix
103% Jan
8
Dec
96%
Dec
Jan
Dec
Oct
11% Feb
,
1
12% Feb
Aug
Jan
157
42% Feb
10% Nov
v34
15
10
155
Apr
163% Jan
39% Jan
9
" Feb 13 i
10 & Jan
2
Feb
10% Feb
11
Jan
27
93%
140
15.
5
Apr
Oct
73% Feb 28
Jan
84%
Sep
71% Mar
20%
Dec
15
Feb
13
Jan
145
Jan
9
200
May
27
.87% Jan
9
22'
38% Oct
28% Jan 22
14% Jan
9% Apr 16
12%
59%
Dec
33
Jan
Oct
29% Feb
14
12% Feb 13
12% Jan 28
19%
Oct
15%
Nov
16
Feb
Dec
43
57
May
71%
15% May
85%
32%
Dec
;
30% May
19% Dec
90
Feb
8% Feb
f 30% Apr
Apr
23
65 Va Apr
<■
Dec
Dec
111
Aug
120% July
111
Dec
130
127
Jan
146% July
Aug
62 % Feb
Feb
18
v;
f;:
Jun
114%
Feb
61%
Feb
97%
97%
98
9974
100%
10274
10274
1023/4
340
22%
22%
227b
22 Vb
227B
22%
227B
22%
227/b
9,800
24%
24 VB
24%
24 VB
24%
24
24
109 Va
•97
22%
25
*24%
110
109%
110
*10974
98
♦95%
98%
105%
105%
105%
17
173/4
17%
17%
32%
32%
<
*105%
.
26%
5
32%
' 88
*86
10o
*87
90
•87
*82%
Plough Inc
45
45
♦87
90
No par
65
*99%
*154
8%
874
13
9
28
4%%
92% Apr
23
6
1
■
20
98
6
111
Feb
11
23%
40% Mar 17
29%
Dec
109%
Jan
101% Feb
Feb
Z25
Feb
11
Mar
2474
Dec
x2l% Feb 25
X25% Feb
6%
preferred
100
t 139%
Preferred
No par
*110
—
Inc
Oil
No par
(The)
124 Va
'vt£
Highest,
34'777
28
2774
28
*23%
24
24
107%
i per share
$ per share
YORK
STOCK
156
*151
157
650
?
130
3,800
46
4474
14.200
63%
657b
35%
,
35 3/4
15
900
64 Va
56,300
35%
63
*343/4
147b
15 Vb
13
97s
97B
10
13 Vb
•
15%
1,100
3,700
13 %
13%
12,900
103/4
18,500
9%
10 Va
107s
3174
31%
3174
32%
32%
32 3/b
x643A
653/B
65
Va. 67%
66 3/4
67%
5,800
26 Va
267b
26%
27
25%
273/b
54,400
*88 V4
974
93/4
90 Va
88
,
*
90
36
357b
36
'/357b )
23 VB,
3574'
%
353/8
89
233%
237b
23 /
23%
'V 23
97 Vb.
98
110%
♦
1,500
92%
v90'/a
160
36
4,500-
'
23
15,100
1,150
110%
124%
12474
790
141
141%
141
141 %
840
*23
23%
233/4
*22%
223/4
110%
•110%
110%
30
30
30
49
49%
48
49%
487b
4974
34
27%
24
11
48%
35%
273/a
27%
24 3%
24
*293/4
34%
24%
24%
110%
-
1,130
*
190
30
4,200
8,500
48%
35
72,000
107%
108
27%
*273/s
Tuesday
Apr. 20 "
!
♦107%
108
*107
107%
347b
347b
34%
35
.
27%
-v
110%
30
24
/
110
1243/4
30
107%
97%
1103/B
1247b
141%
110%
110 VB
96%
1103/b
1247b
*23
24
-
•97%
97
97%
111 V
/110%
.
30
.,
t per share;
9 per share
.
97a
2774
110 VB
:
>
447a
10
15
141 %
'7'
Apr. 19
Apr. 17
Par
22
13%
141 3/8
'/t'.::
Monday
Saturday
tper share
77
21
13
LOW AND HIGH
EXCHANGE
77
21
1474
:
12474
,
107%
1067b
,
35%
1247b
24
NEW
76
42%
65%
35%
V
657a,
97%
35
33%
27%
6OV4
,
31 Va
*23,
49%
33%
Range since Jan. 1
s
Highest
86
10
1247a
29% :
*106%
Lowest.
85s/a
*148
155
140%
STOCKS
Year 1947
*142
"
7
297B
100
Range for Previous
15
147b
14%
85%
20 7b
42%
137a
V
110%
48%
.
Quaker State (Ml Refining Corp_10
22
14,900
10,400
7574
■
10
357a
15 -V.
35 %
* no v777
110
i
49
•
,8,200
93/8
85
4174
6374
23%
24
No par
common
373/4
87b
•
'
89
;
140%
No par
conv
13%
50
37%
,♦142
85
10
26 %
97%.
preferred
5%
•," 13%
37%
874;#:-" 87b
:
42.%
647b
...
110%
Puritv Bakeries Corp
;
■
87a
*148
30%
7
23.74,.
*23
-
297a
.49
1.200
161
85
155
'V: 9%
,
139 Va
''
Pullman
20
5,900
160
161
76
13 Vb
,
123
r
111
*29%
*154
163
20%
14 3A
'7,
89%
96%
%
V ■<; 109 Va
2374
*23
dividend preferred
$1.40
Pure
$5
com__No par
up'.*
97B
77 87%
139%
Co
16
160
13%
:
35 Va
1474
137B
7 ; 23
23%
96
8%
& Gas
16 /
37
,
60 VB
.
357b '36 -.•'•* E',
1227b
Pub Serv El
16 %
3,400
87
*161
20
^9%
63' 7,7
35
7 9% •V
7
109%
*108%
13 3/b
32%
•154
7574
42Va.
.
9%V'V
13%';,
■;
v.
88%.
f
'V
100
,4374 7-7
28
122%
5
24Va Apr
par
7b
317b
13
*86
37
19%
*150
26 VB
loo
5
Jan
preferred
' 155
137B
87
163
76
19%
600
250
110
160
,
874
,
V 85 Va
85
,
16
*140
*7574
14%
•
35% > 357s
23 VB •/
96 - V
■
13%
19%
24 Vb
*87%
7:
87a
76%
333/4
100
*101
317b
"16
',3674
,
*140
v"
100
30,300
14
33%
Vb
13
3174
**161
137b
87a
1378
647b
preferred
7
31
20
par
377b
;
♦127s
33%
*86
87
*154
160
874
14
67%
,
160%
37
64%
7
.
35% Apr 22
107% Mar 24
5
No par
Colorado
700
90
3174
V
13%
13 Va
*86
160
647b
7%
2
Jan
of
'
1374
87
*154
37%'.,
3178
v..
Apr 20
53
13
; 36%
14
Apr
30
1
$5
•
20 :
111% Jan
5
Apr
Apr 21
124% Apr
140% Apr
2
109% Mar
Apr
Co
Corp of N J com__No
preferred
No
110
16
31%
22 Va
5
100 Vb
*101
1574
7- 9%
7. ;
731%
64%
;.
*l00
110
1574
35
97B
31%
No par
preferred
Service
50
100 »/4
31%
53 Va
13%
■
100%
160
42%
-"%'7 i
1474
9%
l
com
463/4
66
~
735
13%
337b
*101
162
*143
54%
*14%
-10
Pub Serv
11
22% Apr
10
*12 Va
32.
19%
155
7*9%
No par
Inc
85%
45%
677b
337b
157s1
7;
*76
43%, 43%
7
5
'
Industries
cum
Public
19
16
X127
$4.75
36% Mar 27.
23% Apr
15
Feb
Publicker
19
Feb
••
102
86%
*148
100
13%
6678
*33%
3174
•7, 84%,- .86%
76%
20 VB
preferred series A
13,100
200
*82%
*87
*13 Va
33%
32
7
*140
20%
Procter A Gamble
Apr
111% Feb
,vx90
v
Jan
oonv
30
,
91
66%
14
14
*86
87
,
13 7
13
*140
76%
com
8,600
-
91
90
,
18,800
273/4
44 Va
.
200
140
27%
85%
44'/a
*87.
90
65 VB
100
*159
-V 86%
Inc
*82%
43%
,
66
." no
7" 37 Vb
77 ' 874
373/4
:'v;
—100
Co_
85%
43%
/
106
91
*82%
*87
-•
27%
*88
*
100
-
98
♦1057a
88
263/4
92
'
90
33%
13%
32
*154
164
37%
100
-
106
*3674
88
26%
26%
85%
; 45
.
*101
15%
160
■
*160
Poor A
9,
88
~100
*86
16 VB
*15%
52%
11% Jan
*86 3/b
110
T" 13
■7
—100
Power
33
100
99%
*101
137a
*34%
class B
173/b
327a
*13
14
337a
337b
99%
13%
No par
No par
,
Electric
17 Vb
32%
65 Vb
65%
*12%
>
110
1
27
64%
65%
5
Co
177b
32
1097a
98
'
1
—
Potomac
173/e
327b
*87
prior pfd__100
Pressed Steel car Co
177b
32%
*82%
85%"
*44
Pond Creek Pocahontas
91
177a
♦87
*82%
10
I
106
90
90
87
conv
10574
*8674
43
32
ser
105 Va
88 V
267a
85%
32
1st
98%
1774
33%'
43
87
5%%
1097B
*97%
90
"
90
800
,
1097b
88
2674
:7V
*109%
400
109 Va
98%
17%
26%
101
*97 Va
3274
88
26
59
10574
*105%
■'
1
98%
110
*97
33%
*86
26%
*101
I Pittston Co (The)
21
71% Jan
Dec
9 per share :
53
*87
5% preferred class A—
2.
16
Oct
•
55%
53
No par
100
2
24%
Lowest
54%
5274
•24%
"103
1
Pittsburgh A West Virginia
Pittsburgh Young A Ash pfd
Jan
106%
30
60 *
547s
5274
25
Plymouth Oil Co
>T 34
Feb
20
28
51% May
21% May
59»/4
54 %
5274
100
preferred
13% Mar 24
Mar 11
81
i£ 32%
:.i
110%
59%
547B
5274
14
'
T 25% Feb
102%
%
54 VB
5274
*24%
15% Jan
8
Jan
38% Jan
59
55Va
5274
22%
35% Apr 22
27
Nov
102% Feb
5974 :
54Vb-
97%
.
33%
58 3 4
55 %
53
33%
t
8
46
6
35%
May
9
59%
53%
53
22%
Hosiery
400
15,400
2,100
2,400
27,000
53%
97%
"98
"
53
•
53%
♦32%
t:
23
10% Apr
38
Dec
59%
59
•52%
*12%
8
Apr
;' Apr
150
10;
11% May
17 Vb
5
6
80 j; Jan
17% May
Sep
21
Apr
19% May
17%
Pittsburgh Plate Glass Co
Pittsburgh Screw A Bolt
Pittsburgh Steel Co com
/ 7% r referred class B
23
Jan
140
10% May
171
17
Pittsburgh Forgings Co_
___1
Pitts Ft Wayne A Chic Ry com—100
7%
gtd preferred—
—100
14
16
t Jan 26
8
Oct
Jan
Feb 20
145
Dec
140
::i7%
11
"
67
(
16%
16%
Pitts Coke A Chem Co com__No par
$5 convertible preferred
No par
30
Dec
y
169
Apr
59% May
1474
16%
17
25
$4
5
Jan
90
Mar 16
203
114
137/«
17 VB
Pitts Consolidation Coal Co
14% Jan
Mar 17
26
Nov
May
8% May
14
17
'
common
-
32% Apr
11
85
Aug
7
(
Dec
163%
Apri
:
Mar
32%
165
32%
1
Dec
16%
102
,16
28
137b
17 VB
59%
Pitts C C A fit Louis RR__
98% Apr
Feb
96%
Dec
16
108
May
18%
28%
13 %
17%
100
5
99%
28
29 %
1274
cumulative
Pillsbury Mills Inc
28
*28%
No par
13
r
61,100
127B
3.60 series preferred
Phillips Jones Corp com
34% Jan
10
400
177/a
29%
>
: 13% Jan
Feb
13%
17'/a
17
10o
22
12
137a
177a
127b
3
67% Apr
30% Feb 25
137b
*2&%
common
54% Jan 21
•
300
13%
17Va
'
12%
preferred
Phillips Petroleum-
38% July
92
29 %
100
5
Apr
92
12%
100
Feb
Jun
92%
*28%
100
90
12
36 Va
12%
preferred
5%
36 VB
29%
No par
87% Jan 22
30%
10
26
36%
177B
No par
common
July
63% July
18
Feb
88
Jan
Co
200
900
*35%
137a
17 VB
Reading Coal & Iron
Corp
4%
:
36
•1274
18 VB
3%% preferred series A_
Philip Morris A Co Ltd common
92% Mar 12
6
Electric
400
118%
12%
preferred
4.3% preferred
19
Nov
Dec
137b
177B
•:
47%
117%
*2t»%
3.8%
35%
Mar
*12%
18%
qt
or.o
207b
47
9,000
83,800
5
$1 preference common
4.4% preferred
Jan
-
13%
17%
1
25% Jan
Jan
*12%
18%
(Chas) A Co Inc
26
May
21
13%
18
,
100
197b
92%
*12
Pfizer
Phils
92
92
Phelps-Dodge Corp
25
Philadelphia Co 6% preferred-—50
$6 preferred—
No par
5
92
*91
16
22
35%
92%
36 %
34
20 Vb
48
.
Shares
112
19 Va
.
120
35
U7%
37%
117%
48
120
*91%
20
23% Jan
7
117%
46%
118%
46 Va
39
55 % Apr
102% Apr
117%
*31'/a
*110
19%
20% 1 20%
20%
197b
33%
112
187b
118
*37%
No par
5
95% Mar
4674
39
Petroleum Corp of America
Pfelffer Brewing Co
8
20 Va
"
47
*116
♦31%
*110
19%
Sales far
the Week
Sper share
No par
i
23
Apr
20
*46
20%
•46
47
32%
19
197a
*37%
60 Vb Apr
'•54
19%
S per share
112
*110
^112
*110
19%
19%
19%
•45%
•116
100
33 %c
—
21% Feb 26
109% Aug
Dec
95
50
Mar
19%
112
19%
32%
33%
*32%
33 %
♦110
19%
Friday
Apr. 23
Apr. 22
100
Peoria A Eastern Ry Cois
Pepsi-Cola CO
34
Jun
112
•19%
Apr. 21
$ per share
$ per share
5
24% Jan
May
*32%
*34%
•110
100
Inc
8% May
13%
•30 Va
p»i
No par
92% Apr
.
No
Light Co
Peoples Drug Stores
15% Mar 19
Dec
Corp com
preferredPower A
45% Jan
Apr 21
34% July
23
/
Penn Glass Band
Apr
Jan
Thursday
Wednesday
Apr. 20
Apr. 10
t per share
$ per share
25
SALE PRICES
Tuesday
Monday
.
Apr. 17
Par
19% Apr
38
Feb
Saturday
,
HIGH
AND
LOW
STOCK
(1821)
FINANCIAL CHRONICLE
&
EXCHANGE
t per share
111
Dec
COMMERCIAL
NEW YORK
Lowest
Highest
tper share
,
STOCKS
<
Year 1947
Lowest
29
THE
.
107%
500
27%
27%
1,200
25
1,700
*24%
SALE PRICES
Thursday
Wednesday
Apr. 21
•
Apr. 22
$ per share
$ per share
$ per share
Friday
Sales for
Apr. 23
the Week
% per share
Shares
135,300
R
7% May
1074
Feb
68%
Dec
8%
Dec
£ 80% Feb!
15% Jan:!.
94%
Dec
105% Mar
28% May
17% May
327b
33
Nov
;
11
May
6
16
Feb
Jan
11
Feb
11% Feb
Nov
h
29%
Feb
J
173a
Feb
1074 Feb
10*
84 %
Feb
627b Jan
Dec
17
Aug
11
96
Nov
102
Jan
X95 7b Mar
24%
Jan
Oct
i, 3% Dec
97b
97b
Jan
87a
,
Feb
Dec
157b
3078
Feb
14
May
: 91
1
Dec
6%
Jun
90s; May
9
May
36% May
45
4
47s Jan
9
107* Jan
19
19% Feb
1374
Jan
Feb
50%
Dec
35% Apr
t 47
11
23
Mar 18
Rexall Drug Inc
Reynolds Metals
257»
Feb
207b Mar 16
2374 Jan
18%
"31
Dec
157a Jan
Feb
22
Preferred
6 ''« Rheem
1
Mar
57a Mar
26
2174 Apr
22
9
24% Jan
19
9
67b Feb
5
19 3/i Feb
14
15 3/4 Mar
1974
Sep
247b
Oct
17
8
Mar 16
7
Jan
87b Apr
23
Jan
2
68%
Oct
547a Jan
22
6474 Jan
2
Feb
14
23
187« Jan
Jun
55%
Jan
12%
Jan
37%
For footnotes
see
Dec
39% Feb 24
874 Feb
32% Feb
page 28.
11
11
32%
32%
700
28%
28%
287/g
5,300
;■/ 33%
337b
33%
3374
33%
♦33
33%
19%
19%
19%
1974
34
,
20
<
50c
;
■T
59
,
St Joseph Lead
St L-San F Ry Co
Apr 23
123/s Apr
23
43%Apr-23
-
*33
14
10%%
107s
23
11
23%
23
12'/b
-12
*63
100
63%
63%
50c
127a
127B
*97
.%97-v/-:
113%'
1178
37»
:' 37a
10
27%
*104
"
-
20
197b
7
96
*94%
26%
r,;
26%
*97
*95
27% '
••
/; 101
9%
97a
36%
103
37
223/4
22%
23
227b
19'/a
8%
*18%
19'/a
62%
62%
157b
16
No par
,
•:
•
19
1974 /
2374
237a
•V
--
::
19%
*23
5%
6%
87B
8 Va
-Preferred series A 5%
19%
18%
19
18%
19
63
63
6 3/8
6 Vb
67a
6 Va
287b
29%
28 VB
:
102%
102%
102 %
.•
x35 %
1
974
9%
37
..
93/4
36
9%
357b
95
6 3/b
29
1023/4
10
353/4
200
29,000
10,700
420
4,400
26,800
47%
X47%
47%
*46
47%
92%
91%
92
*91 Va
92
800
22 3/b
227a
22S/b
227a
23
2,100
28,900
20 3/B
;
207b
21%
23 Ve
227b
23
57b
53/4
30
207b
21%
*22%
23%
800
6%
9,900
17,500
2,100
5%
6
87s
22%
8
8'A
8'/a
8%
8 Va
*22
>
22 3/b
22 Va
22'/«
21%
193/4
19 Va
20
20%
19
19
19%
18%
19
62
62
62%
4,200
1,200
1,900
3,000
19%
,
19
-
20%
62%
6274
60%
61%
617B
15%
15'/a
*15%
157b
157b
157b
14
167b
58
5874
58%
59
547b
55%
55%
56
55%
56
56
58%
10%
10%
107«
IOVb
10%
10%
10%
_100
4174
41%
42%
41%- 41%
41-
300
67,200
*46
'1IOV4
42 %
11,500
29%
53/4
22%
19%
41%
200
20%
20
C_.No par
vtc
104%
*94
10
com v t
104 Va
94%
19 3/b
8 3/8
22%
,j.
104%
20 Vb
23 Vb
6%
20
♦155/b "16
104 Vb
1974
103
4,300
287b
94%
97a
37/a
10
22 3/b
,
19%
2274
8 Vb
37/B
*9%
28%
*917a
.
■V24
20
22
*
'
7
3%
10
28%
197b
3 6 5/b
227b
*18 7b
16,200
10
*
47%
4,600
11%
95
103
,/
92
•
27%
107b
67a
;■
9 7a
98
26%
287/b
,
900
11%
193/4
287/b
92
19
3 3/«
300
27;
95
;
6%
28 Va
,
•
*97
•
28%
Vb
1047b
*104
97V8
6%
:
1027a
6
98
*97
V
3%
3 5/b
20%
*46
217a
98
:
10
3774';
.
12,100
28
927b
8Va
127/b
10
477a
1874
12%
2774
92
2178;
127b
3%
47%
■;
12%
28%
36%
Co.. 1
90
127b
IIVb
93
6
63%
26
47%
6
*63%
IOVb
67b
97b:,
7
63 Va
27%
96
.
♦101
-
*63'%
11%
36%
23%, 23%
12%
263%
36 VB
.
227b
12%
267b
104 Ve
-900
227b
12%
-117a
,
2,700
22%
11%
20
103/4
12%
267b
104 Va
14%
10%
22 3/b
:'•«'* 9 7B
V
133/4
11
637a
.
117s
"•
137b
23
127a
98
200
104
V 12
63 7a
*22%;
.
1374
26%
207a
7':, 26%
•
*101
*]07a
12
*92
,
104
1078
*22
*46%:
7
200
*101
■>7'3%
105 '
197b
67s
93/8
35%
137/b
1074
273/b
96
*13
2874
'♦1047b
7
;
102%
r
97b
v
267s ;
.'*978
6%;
6%
98
*34
14
137b
127a
*97
35%
*13
137b
63%
127a
;P
■<>, 11% 711%-r
37a ' •
374
•
277b
; 105 7
:•
263/4
26%
10
123%
200
*34%
104
11%
*63
63%
'
6,400
44
13%
23%
117b
2074
44
10'/a
t
14
10 3%
*22
12
"
123/b
98
,
26%
10
J
14
107b
500
20
44'%
3574
;
13 7e
•101
104
323/4
20 V8
•42 Va
20
*34
13%
13%
*101
1037a
3274
193/4
4474
-
19%
*42 7a
42%
133/4
*223%
12
•:
357a
133/4
*10 7b
25
42%
35%
137B
*13%
*101
10
1
!
44
35%
35%
par
5
7
■
1037a
137a
——__1
Ruberold Co (The)
Ruppert (Jacob)
■
14
•13
*101
No par
Roya] Typewriter
•
•42
44
4%%
conv
preferred:_25
Ronson Art Metal Wks Inc.——2
6
5% May
327s
28
35%
No par
-
Roan Antelope Copper Mines
Robertshaw-Pulton Controls
J9
26%
Apr
yi 327b
28%
*42
100
Manufacturing Co
Oil Corp
Ritter Company
20% Apr 23
21
series
Richfield
19
24% Jan
J.60%
30
327b
287b
*3574
lo
—
93%
*317s
;
Common
93%
287b
*100 3%
,
93%
32%
:
8
lr 93%
28%
No par
20
24,700
94
;.f: 3274
5%% convertible preferred
100
*.. Reynolds Sprlnf
1
2
Reynolds (R J) Tob class B—10
50
1,200
83/4
297a
5
4174 Jan
75%
8%
3274
5
com
103/4
73%
28 V4
2.50
Co
10%
8%
'
87s
*93 74
'
50c
common
10%
73 Vb
8%
73
87s
94
*93
94
10%
73 Va
10%
107b
-
/■:. '73
:V
:??■> 32%
193/4
1
preferred—
87a
29%
•
22 :
Jan
10% Mar
convertible
73%
!;V
10474 Jan
937a Jan
Nov
May
$1
107a
8%
29 7a
♦33
/i
1
RepubJie Pictures
'*'
?;
3274
»<", IOVb Jan
18
20%
18
/;
*93
10%
73
[f
87/a
8%
93 ■-;/
100
Reeves Bros Inc
Reis (Robt) A Co—
•*
$1.25 dlv prior preference
Reliable Stores Corp
No
Reliance Mfg Co common
Conv pfd 3%% series
Remington-Rand common.
$4.50 preferred
y
3274
50
non-cum
107a
73
71
,
V
93 i ■:
:
5o
5
non-com 1st preferred
Republic Aviation Corp__
2
877a Feb
Dec
40
2972 Apr
:
23
Feb
104
18
42% May
17% Dec
7% Jan
27
Mar 19
77b Feb
-j 87B
..
1
Republic Steel Corp com_^
No par
10b % Jan 28 /
6% conv prior pfd series A—100
20% Apr 23 .
Revere Copper A Brass com—No par
96
Apr 19 '
574% preferred
100
10
92
Apr
23% May
5% Sep
157a Feb
71%
3/4
8
25
Re© Motor* Inc
2
287b Apr
Jan
t ."44 Vs Feb
;
1274 Apr 16
11
124
Dec
8
7
♦707a
:
*
827a Feb 17
57a Feb 20
16 3/4
Apr
29% Jan
87s Feb
Feb
•
.
2
3% Mar
Jan
ill3/*
!
May
85
Apr
98
10?
39
Dec
19%
113% May
243/4 Feb
110
Mar 22
14% Jan
5
«
23
227a Feb 11
103
Jan's
Feb
22% May
1017a Dec
674 Feb
5
64
14
Mar 17
*
7
Jan
127a Apr
x22% Mar 10
5
23
147a Jan
Inc common
preferred
2nd preferred
Real Silk Hosiery common
7% preferred
25
25
27
4%
4%
14
Feb
14 Vb Apr
10% Apr 23
22% Mar 31
12%
v
13 % Apr
21
16%
$2
Reading Co common———50
44
Apr 23
3572 Apr
1
10% Feb 24
101
Dec
4% May
; Rayonier
5
15
24
33%
t
20% Apr
62
;
30% Jan
;,34% Apr
14%
:
28
20
28
36% Feb
108% Mar
Dec
20% May
10% Dec
Jan
31
July
18 7b Feb
,
98
16% Feb 20
48% July
Oct
12%
31
39
9% May
96
Feb
Jan
327a Apr
22% Feb 20
38%
$3.50 conv 1st preferred—No par
Radio-Keith-Orpheum
1
Ralston Purina Co 374% pfd
100
Raybe3tos Manhattan
No par
,-Vi',9%
97b
Radio Cotrp of America com—No par
93/s Mar 31
28% Mar 11
Dec
22% July
>
Dec
Feb
32
Dec
10 3/4 Apr 23'
75% Apr 23
11
7% Feb 27
fOt-x- Mar 31
41
16% May
37
77b Feb 20
63% Feb
'
10%
-41
117a
% '42Va
11%
12%
41%-43%
10,500
100,300
19,500
Jmm
NEW
Range since Jan. I
Year 1947
$ per share
68%
Dec
$ per
share
Jan
67
Dec
99% Jan
2
60%
Dec
58
Jan
29
88
12
Oct
8
Feb
13
98% July
26% July
114Mar
Jan
25% Mar
5
49%
Jan
39% Mar 10
90% Feb 27
102% July
18.% Jan
98% Mar
Dec
88% Feb 13
13% Feb 13
81% Feb 20
87
13% Feb 11
19
54% Apr 22
Feb
15% Feb
10
35% Feb
11
56
10%
Feb
16%
Feb
Feb
9% Mar 16
Jan
110
Dec
20% Apr
24% May
18
May
30% Dec
70
14%
Dec
82.
Dec
21% Feb
Oct
40%
33% Jan
Feb.
Reb
22-
Dec
35% Dec
24% May
6% May
38
10% Apr
9
5% Mar 17
16% Feb
10% May
31% Feb
16%
*
94 '
5
78
'
Mar
13
9
28% Feb 11
Feb
4% Feb
;
27% May
41
Jan
27 % Feb
39
51
Feb
Dec
15
Mar
15
May
117% Dec
23
Oct
39 %
Oct
29%,May
87%
Dec
102% Jun
23%
Dec
35% Jan
17% Dec
13% Mar
6%
3% May
5% ,Oct
V
14% Feb 11
3% Jan 24
54% Apr
14% May
37% May
5% Mar
Febf 17
39
22%
Dec
37 *
Jan
;
25% Mar 16
28% Feb
20% Feb 27
Apr
50% Dec
43% Feb
50% Jan
33% Feb
11
68
81
Feb
77
Nov
15
-
Aug
58% Feb 20
70
Mar 23
May
4% May
20%
Feb
15
7%
Feb
4
6
May
14 Va
Jan
73
Dec
93%
Jan
23%
711
Jan
73 1
7
Jan
Oct
23% Mar 18
20% Feb 20
17% Feb
SO1/* Feb
61% Mar 17
72 1
13% May
27
Nov
18% Feb
15% Feb 16
22% Apr
45% Jan
NOV
;
112%
Dec
Dec
17% May
81
Feb
37% Jan
102
Aug
36%
Jan
98% Mar
1
9
Feb 11
19% Feb 27
May
Feb
•
80
Feb
98%
11
50% Mar
July
36% Feb 13
69% Feb
109% Feb
54% Jan 27
44% July
80
Mar
July
31% Aug
23% Jan
Dec
105
Jan
Feb
17
,
17% Feb
11% Feb
10
15% Jan
49
Feb
38
Feb
11
37
May
47
Oct
37
Feb
16
41
18
Jan
49
Jan
12
May
Dec
Dec
104% Mar
30% Nov
36%
13% May
14% May19% Jun
19% Feb
24%
17
10% May
July
May
15% Feb
109%
125
Jan
Mar
12% Feb
9
33% Apr
2
13 % Feb 27
$6 prior preferred
9
2
8
23
Studebaker Corp
Mar
11% Jan
97% Apr
4
Mar 17
18 % Feb
140
38% Jan
11%
11
Mar
24% Apr
Mar 12
43% Jan
;
14% Apr 21
x30% Feb 25
16% Jan
-
6
19
36% Jan 27
Jan
16% Feb 27
22
17% Feb
6% Jan
S per share
May
14
Feb.
$ per share
:
9% Mar 16
3% Feb 11
14% Mar 16
52% Feb 14
'•••
'
61
Apr 23
52% Apr 22
34%-Dec'
29
Feb
10
42% Apr 22
58% Feb,
15% Dec
45% Feb
5
60% Apr 23
19% Dec
17% Mar 21
21
10% Mar 17
.15% -Jan
Jan:
13% Dec
18% Dec
3
Feb
19 % Apr 22
13
„
Mar 11
16% Jan
Jan
21%
41
Dec~
59% Feb
39% Feb 25
14% Jan'
46% Jan
17% Feb
12% Apr 15
18
94
Dec
60% Feb
14% Feb
24% Oct
16% Feb
59%
106
Jan
Mar
7% Feb
-39%
Feb
25%
Oct
108% Feb
For footnotes
see
8
Mar 16
10% Jan
42% Feb 21
7% Feb 19
19% Feb 11
47% Jan
Feb
1% Mar 11
4% Jan
6
27% Jan
5
page 28..
2
19%
/
23%
.25 /"A 200/
17%
10%
10%
:?
*38%
39%
15%
"■'15%
15%
33%
33%
33%
1&%
17%
18
17%
1
21
20%
*81
82
5%
6
-
.
:
Par
§ per share
,
•
•
•
28
Apr 23
102
Mar 25
Thompson
(J
R)
$3.50
cum
preferred..,
*ii5y2
2,700
90
116%
37
37%
37%
2,800
10%
10%
10%
11%
14,000
/
223
7,900
.
V
225
219%
•
34%
34%
34% ; ;34%
17%
17%
17%
22;
22%
21%
22%
81
81%
81%
81%
14%
:;:S/33%-
17%
17%
17%
21%
22
•/80%
,
'■
3,200
500
900
.
3,800
7J500
17%
250
8,500
SALE PRICES
':'
Apr. 2'i
Sales for
FrMay
Thursday
v
Apr. 21
Anr.f'i
j:
thp
/./,
>
I per share
$ per share
t per ,share
1
10'A
10%
*4% :
-
4y8
f 10%» 10%
7
17%
•*4%
,17%
59%'
4%
J7%
;
10%'
4%
/4%;
18%
19%:
60'A
61%/
61% ,61%
23 y8
23%
22%
59%
60 y8
coy8
Shares
61
50%
52%
49.
51
10
•'•*
/> 10
4%
20%
21
20%
21%
-21%
59 y4
39 y4
59%
.49%
50%
50
'
59%
50%
59%
59%
49% ' 51 7
60
50%
51%
17% <
:T7%
:
.60
• -
60%
7 59%
22%
59%
io%
i5%
4%
"18 >./:• 18%
10%
*10/
*4% >'74%
•
21%
-
60%
23%
•.
:::
10%'
4%.
/
-
;
806
;;
/ :•■■■&
4%
19.;::/t.,19%'/
700
6,-500
:
34,900
'
23%
:
55,400
,
*
.Nppar /
No par
1
<
C39%
38%
39%
39%
41%
•'41%
40%
41%
57%
68 %:
58%
59%
58%
58%
59%
60%
60%
60%:
14%
14%
14 %
59%
14%
58%
14%
14 %
14%
14%
14%
:>•: 14%
15%
2QVfe
20'/a
20%
20
20
20
*19%
20%
>■
19
19%
*10%
10%
41%
30%
11
4i%
42
42
*12%
13%
*12%
13%
100
8% 7 8%
8%
8%
3,300
10%
*40
*12%
8%
38
*20
11
10%
41
41
8y2
12% -12%
8%
■
'
"
10%
*10%
11%
41%
*41
42
*12%
13%
*12%
13%
8%
8%
8%
"
.8%
8%
45
—50
.10%
*40%
10%
41
13%
45
44
44
12%
12%
11%
*44
13 y8
*21%
21%
♦21%
*19
11%
20%
21%
„
45'
*43
12 y8
10%
20%
21%
45
12
20%
42%
44%
*43
*9%
97/a
9%
53
53
53
*88
90
*88
3Va
*22%
?4%
3ya
24
*23
*101
9%
9%
9%
52%
53%
53%
90
*88
'
3%
94%
10iy2
9%
53 %
100%
3y4
24 V*
25 %
101
3Va
"23
25%
101.'
90%
*88
2%
3%
22
23
28
101
9%
7
55.
90%
2%
22
25%
27%
101%
101%
>
11 Va
20%
10%
20%
10%
20%
*9%
-
9%
55
55%
*88
90%
*2%
.3
22 y4
23
27Ve
102
*43
-
■
27%
102
24,600
'
3,800 '
,
117,200
-
800
-
1,400
•
130
,
44%
v'v
'J----
10%.
21
*8%
55%
3
*22%
27%
3
28
101%- 101%t
2,000
300
4,400-
91
23%
20
18^200
■
9%
54%
*89
.
3,900
17,7100
■
14%
^
No par
V
7,400
<
6%
6
6%
vy»:;>;6.:y:
Wednesday,/
-
l §P?rsMr§
•
.
6%
6%
Monday 7 ?};X' ,v Tue$day/v ;
Apr. 19 '
Apr. 20,''i" -
,
82
;
:
7/> 15
14%
*34%
2 400
,
18%
39% .39%
15% .15%
33%
v
107.500
24%
24%
24%
215
39%
15%
>
Tide Water Associated Oil com.—lo
$3.75 preferred
No nar
60%
,•
....Np par
No par
3,900
101
60
39%
59%
13
10%
10%
*98
37%
23%
59%
Thompson Products com..—No par
4% preferred
.100
Thompson-Starrett Co com—No par
2,700
13% r/14:-/-
'
59%
Transit Corp—No par
Thomas Steel Co (The)—
____1
62,200
13%
24
.125
preference.
23
116%
10%
*17y4
1 v'
22%
13%
.5
__10
8.800
22%
*115%
.
13
.37%
•15%
.
6ya
%
14
39%
21%
$ per share
19
13'A
39
LOW AND HIGH
•••;<
5,700
*18%
13%
18 V.
,61%;
•
Apr. 17
-
;T53A:
18%
17%
81%
^
Saturday
v
14%
-
15
.
17%
21%
V-M.
3,600
17%
21%
:
•;'T4%:
10%; ; 10%'
101
*98
59%
59%
,
;
7,600
14 V8
17%
82
%
*81%
5%
-
33%
33%
13
:
116%
213
100
/
-
13%
39%
*39
16
10%
24 -v:;
6,000
/
33%
18'A
17%
100
94%-
21
10%
206
-14;/ ::
35%
18%
x37Va
:
*13%
13%
14%
59
12%
205
33% "
20%
;
par
*115%
.
14
94%
-
101
57%
24%
24%
;
:; 205
:' 201%
' ,18%
33%
:
'*
371a
24%
*15y2
<
Gins? Mfg Co ppmmon—.5
conv
37%
*98
-
•
200
35%
21
10%
.
■;
42
-
700
•40
94%
7
12%
20
10%
101
;
37%
24%
39%
,
42%
35%
18%
12%
205/«
10,100
*41
35%
r
200
14%
13%
*93%
V
15%
18%
-
46,800
.
96%>
32%
15 Va
15%
T8%
712%
12%
18
35%:
94%
•
13%
11634
10%.
*38%
*93
*13%
14
35%
r-
77
42
*40
42
*95
65%
.
42
*40%
33
12%
200
41
13%
116%
10%
•
14%
32%
12%
10%
18
•
5.8 V*
37%
24%
13%
13%
10%
31:
13%
*13%
14
57%
$ 62,900
30%
96%
327«
*98 :
47%
82%
96%
>407
94%
12%
46%
65 *
.
30%
.--t
-
600
81%
65
46%
,81%
'
,
17,400
92%
103
47%"
64%
,
41
\
20 Vb
38
•'
23%
92%
103
*
96%
•
10
12,800
1,100
29,100
41,100
103
13%
.
22%
7
31%
*95
>
*91
82
103/
30%
96%
>
25%
24%
23%
30%
.
v
104%
*103
92%
80 %
116%
,
21%
vf 92%
47
30%
430
11,200
3,800
-
'
22%
64%
18%
12%
202 ,/v
102,
19,000
25
•87:
92 Vo
102
91%
11,700
:
:
22%
24%
i
90
*86
27%
22
25%
25%
89
-
104%
*103
25%
7
21%
%
18'A
par
'
"
-
12%
;
104
24%
13%,
15%
10%
v
25%
80
57 %
*116
24%
25
32%
101
56%
22%
63%
35 •' > 35%
20%
*98
21%
;
46%
*93
12%
10%
10 %
21%
64%
'*13%
18
•
72
1.000
10%
10%
71% '72
10%
10
71
7
700
28%
27%
27% '-•■27%-:
/
10%
70%
6,700
75
28%
'
55% Apr 22
92
Jan 20
6
19% Feb 13
20
__.5o
Third Avenue
2
8
12%
*10%
I
'Thermoid Co common^—
$2 y2 div cony preferred
13% Apr 19
19% Mar 16
95% Jan
$2.40
9
10% Jan
17%
i3
101
38
(The)_.4.16%
The Fair,...—
8
23% Jan
15%
17%
27%
2,600
•
7
*7i'/':
•■
29
/
230
5%
5%
///: 7
75
28%
2,000
18%
18
.7
.
9%
*103
81
:
19%
15%
S.:,://7j.r
21%
21%
30%
;
39,400
17,300
,
71
*70
5%
4%
26%
•
93 ,
103%
41
:;13%. :.:
15%:+,
55%
68%
18%
17%
4%
,46%
35
''
4.400
43%
68%
71
*70;-.
17%
y 7 sfit
75
45%
14,
-
7
29
"
,
40%
95
54%
42%
68%
68'A
28 34
,40%
34%
1,700
55
41%
70
*86
,40%
*93
.
100:
■
,
42%:
•' 54%
.:
.68%
24%
*40% -41%
:;;*i3%
54'A
42
'
:y*7iyy
13%
40%
27
23%
70%.
13%
;
26%
23%
4%
24%
*95
■V
38 %
*37
38%
23%
17
'
13%
13%
13%
"
9% Apr 21
39% Feb 11
85
Thatcher
9
;
96%
2,800
27
*6%
80
•
100
2,900
26%
63%
:::
30%
*95
13%
13%
*40% "41 Va
—10c
$1.25 jponv preferred
8
.
share
'
44%
15 Va
38%
23 '/4
7
89
91%
64,
*37
.
'
70
102%
,
102
96%
J^and Trust—
'•
v-"
ctfs—i_u.-.——__l
' 37%
38 »A
Pacific
104
7
6,300
14%
44%
15%
39
i
10,100
=38%
46%
15
38%
38
66
25
■
21%
96
104
28%
Texas
Suh
13% Jan 15
13% Feb.
96
*43
-
-
104.j300
f
k
7
27%
24%
22%
21%
?
7%
27
40%
10%
*86
89
'
4%
7%'
23%;
28%
102%
24%
24 Va
*86
4%
23
72
rvs.
102%
*101%
24%
89
Coal dp Oil—
15
Dec
ir4
21% 721%
,,,:
,25
46
39
53%
10
:
4%
26%
69
;>
:
j
21%
28%
12.50
Gulf PrQducing
Gvlf Sulpjiur
10%
69%
.
32% ,32%
Texas dp Pacific Ry Co—
100
Textron Ina common.
L—50c
9
12%
Feb
Texas
-V;;
21%
Texas Pacific
.
11
Texas
,
68
1
Tennessee Coirp.,..
Texas Co (The)—...—
,
•
200
18%
:;
170
22%
■
;
75
•
26%
1
,10
■
7
90%
18%
7% y iv*
-
3,000
,
22%
15'/8
4%
28%
63%:
100
;
3,600
;
18%
4%
*42
177/a
y
*71 itA
.:s
29
%2l:^.
56%
116%
2.600
29 %
34 Vs
*89
7%
70%'
-*6%
45%-•45%
80
80%
56 %
*115%
12%
7
.
•
.'4%
,
J74: r-
*28%
25%
TO %
22%
22%
22%
4%
66%
17%
4%
7.
*70%
96'
*98
3^00
■
90
7' 18
.
7%
55%
'
63%
1
;
18
4%
?&£ 7
18
4% :
41%
•
*69
*95
25
T
'■>17%
4%
STOCKS ;
■
70
70
13%
cum)..
:
.
.No par
EXCHANGE
i
54
45%
80%
1
,161,300
*69;,,
22%
17%
/
39
*
63
45%
80
-A/28%
—20
22
140%
*22
90
*22
■
: v/4 -
■
72%
Talcott Inc (James)—;
Telautograph Corp
.__r.j._____"5
23% Apr 22
47.
22%
*38 :
39
32%
NEW YORK STOCK
V
61% Apr 23
17% Feb 27
.
*13%
15%
*17%
*12%
.
6
4% Jan 12
37% Feb 10
*
?8 9?:
90
'
*42% "! 46'%
15
15%
39%
39%
.
13%
Sylvania Elec Prod inc com—No
$4 preferred.—
No
Symipgton Gould Corp.,
10% Jan
47% Dec
Jan*
39
103%
—.15
:
22%
21%
29%
66%
<■
7 :
200
38%
21%
138%
33
66
42
22
143
20%
29%
41
*40
1397
-
38 %
38%
*38
7
34%
7 >'
15%
38%
103%
•
A
19%'
29
54%
22 %
7,100
33%
66%
22
31+a
29%
41%
*92
•
,
30%
33%
/17% 117%
v4%
46%
15%
'
8,800
12,800
31%
33 Vb
55%
103
32,800
6.y«
29%
40%
24%.
41
6%
29%
*22
la/s
*42%
%
29
27%
10%
67
21%
,
6%
33 %
*89 /5:
-
•4%
95
Swift International Ltd
,
$ per share I
Dec
58% Nov
7%
20 % Aug
46% May
May
May
4%
7%
17%
40 %
::7/6'7 I
200
6%
29%
*65%
*86V,
lo
r;;V::,""
68% July
3% May
%
i 7%
74
300
1,600
13
6%
33%
'
22% *
17% *
17%
54%
No par
;
Bangs since Jan. 1
'
Highest
Lowest
24
Sep
90 "t"'
;; *22
35
Superheater Co (The)
,t
Superior Oil of California
Superior Steel Corp
;
10% Jan
Dec
89
78 '■/
*12%
"■■■■ :
41%
30%
7:141% 143%
21%
7
21%
21%
12
6%
:
38%
19 7
140
■
9,900
6
-
6%
31
.
7,200
6,300
25%
13% % 13%
,14
40
33%
35%
25
•
13%
Swift dp Co—
8
3% May
13% May
53% JSep
May
29 y4
33%
22%
67
21%
*24%
*101%
7
*38
19%
■
21%
21%
21%
33%
34%
Mining Co...
,
10
-19
% 139
:
x29 y4
*93
32%
common
Sweets Co of America
r
22% Apr 22
87% Jan 12
27
80% Apr 21
4% Mar 12
8
38%
*37%
19%
5
Sutherland Paper Co_____
19
Apr 23
9
18% Jan
11
.
_l
(The)
Class A pfd (4%%
Sunray Oil Corp
Sunshine
Mar 31
,
13%
V'."'12
6'A
6%
30%
-
^
78 %
«78
■
40 y8
6%
31%
•
'
15%
4 9%
)
78
13%
96
78
25
12%
1,600
6,300
25%
35%
23%
39
'6%
; 30%
38%
:
-
19'/a
46%
:/■■/ 27 :
35%
6%
6%
-;
31%
137 ,•>. 138%
39
17%
4%
*6%
*70y2
/;¥: 29
35%
23%
13%
3,400
7'A
32%
78
39%
6% V
:
/
•
*70
—25
Sunshine Biscuits Inc
8
225
1
38
V
1,700
1,400
25,400
10%
*95
34
33%
7
7
10%
95%
*95
33%
♦12
12%
38% ;
6%
6%
*65
Sun ■ Chemical Corp common,——1
$4.50 series A preferred
No par
Sun Oil Co common...
...Nppar
:
5
6
117% Jan
14
Apr 23
Feb
Jan
7
113% Jan 31
14
Mar
Apr 23
60% Apr 23
Highest
$ per share
85
v
v
—100
Stone dp Webster——
1
Dec
Stokiey-Van Camp Inc
5% prior preferred
Jan
50% Mar 19
Year 1947
38
31%
29
34
90 22%
17%
•
95%
23%
13%
:
40%
:
_.._.j___5
Jan
Bange for Previous
Dec
5%
6%
38
7'/a
10%
35
:
77%
•
13%
*12
'
■
38%
38J/a
:
7yB
10%
'
77%
13%
12
31%
15
38%
—25
(J P) dp Co Inc
14% Jan 16
16% Mar 16
94
*43
35%
■i;*
71/4
10%
33%
-
23% •23%
■
12
6
6JA
29
•
79%
*13%
38%
38
5%
6
*33%
*89
*22
17%
preferred series A—_—.100
StewarWw&mer Corp.
:
56
*95 1
34%
35
23%
U o 771%
*37%
38
19%
19%
*134% 137
*21%
21%
j
36
23%
12%
31%
California..No par
18
9% Mar
10% Feb
Lowest
20
No par
No par
$7 prior preferred—
20
2
27% Jan
28% Feb
104% Mar
5% May
6% Aug
16% Jan
••
Standard G dp E Co $4 pref—No par
3
34% Mar
21% Oct
Dec
45
<
35%'
23%
79%
13%
*12
non-cum
6
17 V Mar
11% Jan
Jan
37%
,
Dec
May
9% May
23%
■*771/2
13%
33%
27
Stevens
23
14% Jan
49%
7'A"
23%
2
11
50%
10%
95%
*95
34'A
33%
34%
36 Va
34%
35%
' 96
*95
96
23%
Sterling Drug Inc common
3%% preferred—
47
14% Jan
12
*95
27
Sterchi Bros Stores Inc—,
27
48%
7%
27%
5
50%
19,100
10%
23%
9
16 y8
48%
'
19%
54%
15%
7'A
10%
23
2
19%
54%
15%
53%
15%
10%
Jan
Apr
19%
52%
2,400
Spring common
1
•
4% convertible preferred———50
Starrett Co (The) L S
—No par
;
18%
7
31,400
Standard Steel
-
;
51%
15%
7%
Standard Oil of Ohio common—10
2
19 Vb
51%
15%
11%
37
*38
2%%
86
37%
6%
6%
*27
of
*84
J
45
39%
14% Apr
Jan
6
10
24% Feb
30% Jun
20% Dec
41
48 V<
30
3,000
86
c
27
95
Feb
11 '
160
May
May
21% Jan
48%
17%
7*84%
14%
11%
50
39
11% Mar
13%.Mar
24% Oct
17 Vs May
10
15%
86
14 y4
*7%
No par
32% Mar 12
9% Feb
45 %
101% Jan
18%
Oct
12%,Sep
32% May
8% May
79%
Apr
75% Mar
Dec
36
Oct
Feb
25% Feb
51
13,
Oct
21% Jan
105
7%
Pen Co-
;———
Oil
130
14%
14
37%
No par
1
88
'
10 % May
16
May
114
15%
14
*84%
51%
15%
i.
7.
14
92%
7%
Standard Oil of Indiana
Standard Oil of New Jersey
41% Jan 13
88
*50%
15%
22%
53%
39%
Standard
65% Apr 23
23
82% Apr 23
31% Apr 22
97
Apr 15
47% Apr
11
24% Feb 27
91
2
10% May
41% Jun
34
17%
51%
/
*38%
'
93%
92%
U%
2
•
44%
*99
'
37%
—1
'
37% May
94
17%
*50%
86
"26%
.•/
93
7
<•;
2
1,000
44%
93%
*92%
11%
•
Feb
44%
43%
*93
93
3°0
3,800
37
;
25% Jan 31
97% Feb 27
63
:
35,900
7'A
Spalding (AG)'dp Bros Inc..:
-1
Sparks Wellington
No par
Spear fy Co common—
1
5 ;
$5.50 preferred——:—,
No par
Spencer Kellogg & Sons
1
2
20
-Sperry Corp (The)—...1
Spiegel Inc common——
2
19
Conv '$4.50 preferred—No par
20
Square D Co
5
22
-
32%
11%
Squibb (E R) dp Sons common.—1
$4 preferred
104• Jan 29
No par
Standard Brands Inc com—.No par
28% Jan •' 9
$3.50 cum preferred—.—No par
87
Jan 12 ./A
22% Mar 2
114% Feb
Apr
29% Jan
82
125
Mar
10% Apr
24% Apr 13
63
i
28
7% Mar 16
May
89'
29% Jan
21%
37'/a
preferred——100
Mobile & Ohio stock tr ctfs—100
18% Apr
9
5% Apr 23
7% Jan
5
28
31% July
99
*84%
*15%
*84%
25
6
32%
~
6%
8%- preferred ——
California Edison
5%
10
94%
7,
>;
14
14
14%
-25
22
Sep
16% May
8
May
68% Dec
24%
19
110
10
*92%
Southern Natural Gas Cp_..—7.50
Southern Pacific Co—,
No oar
Southern Railway common—No par
-
45
-
13,000
''
110
10 y4
*93
93
19%
.
110%
■
11%
Southeastern Greyhound Lines.—5
22
*44
94
*92%
18%
690
36%
South Porto Rico Sugar com __No par
;
31%
18%
85
11%
Southern
5
73
Mario
Jan
9
32%
18%
84%;
67,300
37%
preferred,—
15
68% Apr
5"% Mar 16
Feb
5%
9
32
44%
,*93%
;;
93
13%
7%
8
15
10
10%
'
4%
Jan
*110
10%
80
50
10%
6%
—No par
G)
Co
18%
110%
v
} 17%
7%
10% Jan
42% Jan
55% Apr
42% Apr
11
May
57% May
.
23%
44%
94 «A
94
*92%
17%
4%
42% Jan
,
;*■
Mar 17
Dec
July
83
•
44%
*44'A
18%
33
51%
South Carolina E & G Co com..7.50
29% Jan
24% Jan
36% Mar 17
34%
45
12% Mar 11
Jan
42%
40% Nov
Jan
56
27
34%
32%
*84
10 Va
10%
86
17%
South Amer Gold & Platinum——1
•
19
7% Apr
4
22
28
Apr 19
8
18% Apr 22
'4% Apr 16
'
32%
10%
84%
11%
No par
——No par
Skelly Oil Co
—
——15
Sloss-Sheffield Steel & Iron
—20
Smith (A O) Coyp (new)-i.——r10
Smith (A) &Sons Carpet Co com—20 )
3'A# cumulative preferred—100
Smith dp Corona Typewriter—No par
Socony Vacuum Oil Co Inc.,
—15
•«
29% Apr 20
90
31%
10%
-
36%
Simonds Saw &.Steel
,24% Jan
5 '
'-10%
10%
84%
110%
18%
111
*110J/a
10%
Shares
90
36%
Sinclair OU Corp
35% Jan 12
Jan 13
19% Feb
8
18%
-
,
,111
10
■
8% Jan
Nov
42
Feb
87
Apr
(W A)
Simmons
5
Apr 22
143% Apr 21
22% Apr 22
13
30% Mar 17
•
18%
18%
110%
96
•84-
37
.Shell Union Oil—
—15
Sheraton Corp of America
—1
Silver King Coalition Mines———5
s
v22
92% Feb 10
18
Feb 11
28
Jan
84%
•91
*6%
Gas.-
(Frank
Sheaffer
5
Jan
85
39
'65
36%
No par
Steel Corp
Shattuck
8
34
11
85
89
>85
86%
50
6%
Sharpe & Dohme common—No par
$3.50 conv pref series A—No par
2
44
14
Feb
85
i
—5
preferred*
Sharon
6% Apr 23
35% Map 13
18%
Apr
May
85
10%
23
7% Jan
5
10%
11%
7%
Shamrock Oil &
41% Apr 22
.v
5% Mar 17
6% Feb
*
,
10%
10%
$4.50
'
9%
Apr
J0%
11%
7%
Apr 21
Jan
10%
10%
17
15% Jan
10'/2
—I
Jan 31
25% Apr
Feb 25
12% Mar 16
*83
Sales for
theWeek
$ per share
45%
7
Servel Inc common
36% Apr 16
,
88
83%
Seeger Refrigerator Co
—r5
.Seiberling Rubber ,Co—_——.——1
2
34% Apr
Feb 11
17% Feb 11
86%
83 y2
11% ' 11%
7
7%
13
104
Feb 26
30
12
Jan
86%
82%
-
$ per share
,
88
85
82%
Friday
Apr. 28'
Apr. 82
share
No par
Seagrave Corp,
—
8ears Roebuck & Co—-
12% Jan 16
8
1
———
S per
share
85
85
82%
10%
85
18%
17%
*50
*15%
44%
A—100
Seaboard Oil Co of Del-——No par
,
2
Jan
12% Jan
,
26% Feb 11
68
Seaboard Finance Co
Apr 23
7% Apr 22
Mar 25
5
5% preferred series A
,
6
17% Jan
Dec
,
$ per
Thursday
Apr. 21
Apr. 20
Apr. J9
10%
85
18%
111
111
10%
10%
31%
31%
*43%
45
*94
94%
*92%
93
14%
14%
*85
86%
Seaboard Air Line com v t c—No par
19% Apr 22
44
40% July
Oct
65
12
SALE PRICES
Wednesday
RIGH
Tuesday
«
r
$ per share
share
*82
"80
non-cum
,
7
J Apr
19% Nov
6% Dec
14
9
14% Mar 25
43%
Dec
Mar
4
Jan
93% Apr
'
5% May
11%
95
;
Feb
•55
30 % May
101
40
Apr 20
Apr 15
33
Feb
24%
11% May
39% May
11
2
21V* Jan
10
Dec
23
5%
112% Jan 15
11% Mar 22
5
8% Feb
13% Nov
17%
18
Jan
103% Sep
Dec
83 Vi
Ry. Co.,400
preferred-——100
St Regis Paper Co common
.-5
1st pfd 4.40% series A
—100
Safeway Stores common—.——5
5% preferred—
,—
100
Ravage Arms Cprp_
—5>
Schenley Distillers Corp—
1.75
Scott Paper Co cpmmon
No par
$3.4o cum preferred——No par
Scovill Mfg Co 3.65% cum pfd—100
Scranton Elec Co (The) common—5
3.35% cumulative preferred—100 •
St Louis Southwestern
12
85% Apr 15
17% Mar 19
55%
23% May
40% Dec
90
Feb
79
11% Feb
7 V* May
92
'<
8
'
108
S per
Par
10% Apr
Dec
~
EXCHANGE
Mar 31
Dec
Dec
Monday
LOW AND
$ per
Jun
Dec
Saturday
Apr. 17
Monday, April 26, 1948
RECORD
NEW YORK STOCK
"
Highest share
Lowest
Highest
$ per share
Lowest
STOCK
YORK
STOCKS
Range for Previous
66
& FINANCIAL CHRONICLE
THE COMMERCIAL
(1822)
26
w-—-■
V::
1,100
700
79,700
280
i
' Number 4693
Volume-167
THE
COMMERCIAL
NEW
Range for Previous
$ per share
Range since Jan. 1
v
Highest
.
Lowest
-
,'
$
per
share
21% Feb
53% Oct
17
Mar 17
20
Apr
Mar 16
53 Mi Jan
9
10Ma May
15%
Jan
10% Feb
-13% Jan
7
23% Apr
19
27
13% May
22%
Jan
17
Jan
2
14
20%
Nov
15% Jan
22
5'A May
7%
Feb
5% Feb
11
Dec
112%
Feb
97% Mar
•
12% Mar 16
Jan
19
Jan
23
48
Jan
33
Feb
30
Nov
1'
9% May
15%
,37%
110% July
Jan
15% Apr
10
Feb
45
Mar 16
11
12
$1.50
Jan
90
.24% Nov
16
22
22 ;
Feb
20
35
Jan
26%
Jan
33%
Nov
<: 29
Feb
5
34
Mar 23 /
3%
Dec
8%
Feb
3
Jan-
4%
Dec
'5%
Dec
10%
65%
...
Jan
53% Mar
Dec
Dec
48% Feb
95
"
10
4% Jan
55■
Jan
37% Jan
21
42'A Jan
56% Jan
12
Jan
59% July
24% Jan
106
107%
Dec
13%
Feb
108 Ma
*108
109 Mi
20
Tank
United
:
23 Mb May
Dec
Dec
Dec
Lines
cumulative
Board
convertible
Corp common
Jan
6
U
Apr
1
14% Mar 31
U
Hoffman
42% Jan
9
U
S
Industrial
5% Mar 15
8% Jan
7
U
S
Leather
26
Mar 16
36
9
Jan
Mar 30
U-.
Chemicals
Co
No par
*30 %
10
...
38% Feb
11
46% Apr
137% Jan
13
55% Apr
22
41%
Jan
6
20
U
Pipe'.tfc Foundry..
Playing Card Co..../
S
33'/4
Rubber
1.200
1,400
28%
27,400
110
100
17%
14,500
13 Ma
400
20%
3,200
13%
2,000
48%
6%
3 %
3%
3
44%
6 Mi r
!:
6%
42
81
23
41%.
42
42
*41 Ma
"A*
Co
__20
*47%
*52
*9
■
,
A
47 Ma
*47%
*51
10
common
>6%
9%
'
9
48 y
A 30%
30%
30 %
56
55
55%
21%
21%
21%
3,500
16%
17
16Mb
17 Mb
15,800
15,600
91%
*91 Ma
43%
43%
43%
__lo
V
45%
A
24
93 Ma
19
19 Ma
100
,
100 Ma
99
176 Ma
*177
*175
'
'
70
!
38
38
6%
23%
24 Mi
93 Mi
90
19 Ma
20 Ma
2,000
.
100
5,900
180
13%
14 Mb
3,000
70 Ma
*70
:> 70
y
20
38 Va
39 Ma
40
-2,700
VA
%
7
6%
7
4,700
y
31 Ma
31 Ma
19%
19%
20
9%
*9%
48%
48%
31%
.y
31%
19%
9%
31%
.
13,300
93 M4
-
13%
; 13%
13%
*9M4
-
48%
,51M4
-
48%
48%
A
20
900
10,500
44%
30%
44%
300
48%
3,100
30 Ma
-
44
31 Mi
6,800
90
94
*92
45%
100'-
52 Ma
*51
31 Ma
45
46%
9 Ma
48 Ma
f.
93 Ma
-
93
*9 M4
52 Ma
*91%
31-
30%
*91%
93
*51
52'/a
*51
31%
44%
23%
70%
19%
..
93%
1
176%
6%
31
9%
*91 Ma
"
100
r
'
31 MB
93
Vo"\
19%
38
•
'!■>
5iM4
31
91%
<
900
55 Ma
13 %
6%y
48
.
< :'y-
52%
*51
90
6,700
42
21%
*70
20 M«
•■!- 9 Ma
..
Ma
17
19 V4
:
y
•
*
••• :;
Ma
:
21%
56
*175
;l
'
31
19%
7%.
si
99
38%
*30 Ma
•1':-
20 Mb
1
23
23%
'14 Ms
6 Ma
31 Ma!
19%
11,900
ym.
22%'
93%
y:1;
176
38
7%
7%
82 Ma
16%
100 M4
6%
6%
*30 Ma
%
20-'
99 %
38 .:vry
37 Ma
4,100
79
*92 Ms
19%
70
33,300
22%
yy: 22 %
23%
Ma
3 Mi
45 Ma
21%
93%
13
3 Mb
45 Mb
77 Mi
55%
i.
19%
*175
70
14.500
3'/4
41%
::
V.
22%
yy> 70
48 Ma
.22%
,75
*92 Ma
70 Ma
48 Ma
Ma
3%
■
41%
14%
200
3%
,
45 Ma
y,:-;7%
7%
2,800
32
22 Ms
73%
•" yy
Vb
45
22 Mi
19 V2
48
48%
44%
32
3%
35/b
«'
34%
Ma
45 Ma
16,600
'
8%
non-cum 1st
preferred—,*yl00
U S Smelting Rsf &
*130
132
53
53
Min com—50
131 Ma
52
131
54%
131 Ma
54
•:
131
129%
y
129%
■"
55%
54%
::
54%
129
*127 Ma
54
,*127 Ma
•54Vi-
55% '
129
400
/
8,300
55 Mi
"
66% Jan
7
72
Apr
67% Mar 17
78% Jan
9
Mar
129% Mar 16
140 Mi Jan
9
7Vo
21
Dec
preferred
A*69
.—..50
....
Sr
71%
/ 76%
77%
137%
72
72
71
*72
:
•
76%
77%
76%
77%
600
71
77 Ma
71
77%
136%
70
71
75"-.
76%
70
78 Mi
1
.12% Feb
109 Ma Jun
17 Mi Feb
10
19% Jan
Jan
2
40% Jan
5% Jan
6
38
93
Feb
11
Jan
:.8%
29
11 Mi
Feb
Dec
19
Feb
Mar
150
Apr 21
97% Jan. 13
34
:--7'/o
56
17
Highest
$ per share
non-cum
conv
United
Feb
14 Ma Feb
Feb
12% Feb
13
21% Feb
16
.12% Jan
Nov
85%
Nov
94 Ma
Jan
Feb
22
Mar
Feb
86
94
Jan
86
50%
Nov
104% May
10% Nov
87»/« Feb
112
93
16%
8%
23
50
preferred
*30
30%
17%
preferred
Co
Inc
*158
100
._
Pictures
Oct
Feb
preferred^--;.———100
*66
NEW
Vanadium Corp of America—No par
16
Van
Norman
Jan
23
Van
Raalte
new.........10
*23M2
14% Jan
10
Vertientes-Camaguey Sugar CO—6M2
*13%
3
29 Ma Jan
6
Feb
21
Feb
21
13
91% Feb
24
47% Jan
2
2
96% Apr
23
7 Mb Mar 16
11% Apr
21
113% Apr
23
Vick
86
Chemical Co
—...2.50
Feb
11
14% Jan y 7
109
17% Apr
1
Jan
6
114% Feb
24
Jan!
7
207/s Apr
16
Feb
35 'A Mar 30
31 Mi
Dec
40
Jan
30 % Feb
10
34
Jan
8
31
Oct
38
Feb
32
Feb
10
38% Apr
19
32 Ma Jan
5
30
Dec
33%
Nov
28 Mi Feb
19
30
Aug
33 Ma
Oct
32% Jan
13
57
y' Apr
75 Ma
>
Feb
17% Jan
Feb
July
60 M2 Apr
!? 14
x30
/
37% Jan
30
29
Apr
15
Vicks Shreve & Pacific Ry com—100
3 Ma %
cumulative
66
6%
div
partic
Virginia Elec & Pwr Co com—No
Virginian Ry Co common^.—
25
RR
Walgreen
22
4%
19
Walker
Co
4Ma%
preferred
—.
3 6 Ma
•
common^:...
*31
38%
Feb
11
11% Apr
19
Walworth
r„X._
No par
Feb
V 10Ma Mar 12
12% Apr
23
Ward Baking Co common...
106 % Mar
X83 Mb Mar L2
Co t
5
5M2%
1
Warner
Jan
2
Warren Foundry
32% Apr
22
i
preferred
*18%
Feb
10 Mi Feb
10
36%
Nov
25 Ma Feb
5
20 Mi Feb
10
2~7~
Jan
20 Va Jan
5
17% May
23%
Feb
17 Me Feb
16
20
Sep
26%
Feb
17
Dec
41
Feb
5%
Dec
12%
Jan
5
Feb
10
37%
Jan
52 3A
Nov
39
Feb
11
90
Feb
80 Ma Feb
13
86 Ma Jan
2
Inc
5
Wesson Oil & Snowdr com—.No
par
$4 conv preferred
—.—Nopar
34 M2
Jan
3
24% Jan
9
West
page
24% Apr
3
Bros
Pictures—.... ——5
& Pipe.'—. -No par
Warren Petroleum Corp new
com
„3
24 Va Mar 27
Washington - Gas Light Co— .No par
19
Waukesha Motor Co
Jan
10
2
30MiJan
2
,
A,..
Knitting Mills
.Wayne Pump Co
——
*31»A
;
v.! 38%
22
16%
17Mb
*114M4 114%
*21
22
*36Ma
37%
31'A
31Mi
-
:
37M4
•
32
38% y!
29%'
61 Ma
62 V2 A/ y,
14%
14%
*32%
33
32%
32%
-
.
*101 Va
24 Ma
24 Mb
24 Ma
24
19Mi Mar
28.
6 Ma
Apr
13
3
Webster Tobacco
Indies Sugar
^OMa
13
24%
*86
33
37%
*29
29%
'.
23%
23%
18%
18%
*17 Ma
25 Mi
26
J..
26
*87
25%
26
5%
1,200
900
1,300
10
24 Ms
24 Ma
6,700
11M4
10%
11M4
17,000
12%
12%
12%
4,500
88
88
88
i
190
12 Mb
12 Ma
12
12%
28,600
27%
28 Ma
28 Ma
28%
1,700
31%
32%
31
31%
48,300
*23%
24 y4
24 Mt
100
32
18 Ma
18 Ma
18 %
*18
26 Mb
5%
18 V*
♦18
*23%
19
17%
18M4
1,400
26
26%
1,600
19
25%
25%
5%
5%
5%
5%
5%
3,500
47%
82 M4
22%
1,700
5%
5%
5%
47%
47 y4
47 Mi
-47
47 Mb
46%
47 Mb
47 V*
47 Ma
47%
83
83"!
83
83
83
82 Ma
82%
82 Ma
82 Ma
82 Mb
23
22%
22%
22 %
22%
22%
22%
22 3A
23
22%
■
;
,
1,500
18 Mi
18%
25 Ma
25 Ma
5%
,
24 Ma
5%
22%
_30
24 Mb
*46M4
82 Mb
800
1,200
12%
31
17%
101 Ma
20
500
28 Ma
*24
18 Mi
63%
26,800
12 Ms
32 Mi
17 Ma
*62 Ma
4,400
27 Ma
24%
18 Mi
18
30/2
130
,
101V*
88
18 Ma
30
900
43,500
23%
87 Ma
-
700
900
►100 Ma
87
31 Ma
1,100
2,900
24%
101 %"
-
86%
29
38%
29/2
*100
12% 3
*24
38%
29
14%
87
29
..,
112/2 113/a
17%
17Ma
114
114
*21
22
36.8 37,2
33 ,4
33 ,4
32
12 Ma
31%
,y
14%
87
29
2,300
98
45/4
96,4
32
12%
29%
63 34
"92
45 A
S8
14%
87
28%
29,2
30Ma
for
Shares
*87 y1 91
.
32%
12%
30%
;
32%
11MB
28%
-
Sales
the Week
14-/4
*14%
24
70
20%
*63
101 Ma
6,400
v
20%
14 Ma
12 Ma*
30
67 Ma
32%
11
Ma
14
63%
12
12
38%
38%
' 29
*29
12
29
45
114% 114%
>'*21
22
36M4 36,4
33%
33 A
38
29M2
30
.
20
163
32%
63
.
2,300
1,600
14 Ma
<
1,000
4%
20 Mi
25'
13% ::.13A,
24M<
24%
96"A
45
96
11%
12%
'
.
90
*95
11%
18
5,500
18 Mi
14%
25
13Mi
24%
10%
24 Mi
5%
30 Ma
Friday
Apr. 23
$ per share
;
14%
25
11%
y.
r
20%
MM2
25
12
18 Ma
.1
...
10%
'
Corp.^
Thursday
Apr. 22
$ per share
11%
*23%
8,300
"Vv---
•
11%
12%
y
^
10%
*17%
-
1
10%
•
48% Feb
PRICES
11
*86 Ma
h
1,200
10%
98
y
67 Ma
67 T.y yy
11%
'
5
..1
102 Mi
*101 Ma
102 Mi
23 %
f
67
31%
'
29Mi
15
102 Mi
.
~
61 Mi
29M2
29%
14
67
.
1
14%
33
80
5 Ma
13%
13%
*114
114%.
*21
22
'
'*36Mi
37%,
W
38%,
29Ma ...V,*,
61 Mi
*29
■
*28%
;
*37%
*29
15
5
Wayne
36%
36 V2*
32
38%
17M4
114%
*160
161
14
,
4 M4
20
96%
11% 11%
11% U ■*
109
112 v-y'lll
112 A
16%. 17%
17%
17%
'y
109
61 Mi
24
;
100
Dec
17Mb
102
.29Mr
*101M2
G & W_i— .No par
May
*21 Ma Jan
s<
y
29M2
*32%
1
Mar 16
17%'
97/b "11%
9%
102
*14%
preferred.—jl---—-——100
(Hiram)
*
*94
y
y
96
453/4
96 Mi
*50
45Ma
*61
100
19%
,
102
*86
.
*28%
No par
Jan
Jan
9%
.
.
*
-
,
13Mb
*29
No par
13 Ma
91
*94
9%.(•:•' 9%."
103
*
6%
preferred...-.^———.25
Visking Corp (The) „—5
Vulcan Detinning Co common
.20
;;,;7% / cumulative preferred
20
24%
13% Apr
96Ma
96
45M4
96Mz
*20%
16
32
90
*90
45M4
*114M4
Wabash
8% Feb
*86
45Mi
21%
Waldorf System
Apr
90
114%
8
24 Ma
24%
90
■
17%
2
103 Ma Jan
24M»
*20%
Jaft
9
24'A
*114M4
15 Ml Jan
100% Jan
24Ms
par
33 Mb Apr
xl8% Mar 17
"24Ma
*13
>..y;yv'
4Mb
20 Mi
161
165
21 Ms
14%
*24Mi
25 %■
13 1
13Vs
24%
24%
*86
90'
*90 t;; 95
*45
45M2
95 :f.95
24%
13%
preferred
_10O
Iron Coal & Coke 4% ;pfd_—.25
Mar 15
6
24%
13%
96
4 V8
20 Ms
14%
14%
.
•'
4%
*29
17 Ma
20%
2l
*24
103
$5
Va
$ per share
5 Mi
18
Wednesday
Apr. 21
$ per share
/
•
14%
r
*17%
20'/a
SALE
HIGH
Apr. 20
20Mt
*94
preferred_..,.._100
AND
14%
*86
No par
com
*94
5 Mb
30%
4Mb
*66 M»
Tuesday
21%
*44Mi
preferred.—100
Va-Caroiina Chemical
;
*90
5% non-cum preferred—...^.100
Victor Chemical Works common...5
98
5 Mb
*28 Ma
18
13%
66 Ma
21V4
'
14%
*96 Ma
10 Ma
30%
♦158
*14Va
21M»
1
;*24%
,
3
Feb
11
*14
18 Ma
40
5 Ma
11
A'-.'
2,100
18 Ma
5'A
20 Mb
14 Ma
66%
66 %
$ per share
13%
24%
21M4
—2.50
...
Inc
165
r:o
4%
14
Apr. 19
24%
2
Co
*158
14%
Monday
$ per share
Co
165
*66
Saturday
Apr. 17
Apr
1
20
4%
W-y:LOW
STOCK
EXCHANGE
Apr
Feb
-
YORK
20
i-
-*17%
17%"
20
14
66%
*29
17%
4Mb
*158
14%
30%
'*29
17 Ma
*19%
165
com—1
26
45
see
A
4Mb
5
2.800
39%
10%
98%
*94
5%
5 MB
•
30%
16%
20%
98 Mi
*94
Ma
5 Ma
5%
44,200
■
*29
17%
4MB
*19%
•
15
Dec
109
5%
11
10%
10%
10%
10%
98%
5%
22
■
37% Mar 10
18
36%
10 Ma
*94%
5%
137
18%
*40
41%
5
5
137
41%
18%
18%
18%
'•*40
40%
40%
5
98%
5%
Laboratories Inc.!-...i..l
Universal Leaf Tobacco com.No par
4 V* %
y
5 Mb
10'A
Universal
Universal
18%
41
5 Mb
5
14
Jan. 2
conv
"
Nov
121.
10%
rj*»6*Si
Universal-Cvciops Steel Corp....—1
cum
18%
*39%
.
6%
'
.
137
136 Ma
137
136'/a
136%
18% >18 Ma'
2
23
67% Apr
10
18%
84
*5
i4„No par
Paper Inc common
18% Apr
4%
[■41 \ :
137
18%
*39%
2d pfd—5
non-c
preferred...
Will
*18%
.
Corp...—1
United Stores $4.20
Range since Jan, 1
Highest!
I per share
$ per share
22
39 y
com.—.No par
preferred.——£—25
Stockyards
Lowest
13 y* May
Dec
137%
21
163% Jan
5
15% Mar 31
4
24
14% Dec
26%
136%
STOCKS
Year 1947
20%
76%
—100
Tobacco Co
7%
Range for Previous
12% May
76%
preferred
United
$6
..No par
Jan
23
6
Mar
Feb
U S
Corp common
5% Jan
.
4- ' Mar 16
10%
5
5% Jan
13
Feb
Feb
8
11
3% Mar 17
23%
192
U S Steel
9
4% Mar 16
t
Feb
For footnotes
3%
48%
-"
22%
176Ma 5
14 Me
*70
6%
31
20
S Plywood Corp common.—.1
3% '/* cum prd series A
(.100
,
f
.
3%
72 y2
100
98%
37%
6%
No par
U
16
83% May
21% May
37'A
r
*175
177
No par
preferred
A
99%
-
common
5
Feb
,
-
93 Ma
19
14%
8
125% Mar 19
20 Ma
V
'
36%
87
34 Ma
*32
*85
13 Ma
.45 V8
3%
45
23% y
22%
70%
Apr
Feb
•3%
49%
41%
*92
19
19
*70
33% Jan
Feb
'
•
93%
*92
100
6
91%
■-
14
14
29 Ma
30
*48%
70
v
*41
>y
*175
Feb
87
Feb
Dec
41
5
25Ma Feb
91 Mb
19%
22%
*40%
100
Corp..
;Jan
*
20%
13%
34
33
23
22
99
39
22
Dec
70
33
3%
6%
6 M2
6%
70
.20
common
S
Dec
12 -i
'6 %
5
preferred..—.
4% %
9% Apr "20
84 Ma
34
3%
50
:
*48%
33%
33%
*33
3%
3%
50
22%
U S Lines Co wommon.A^.—
2
84 Ma
•
'
:
34
33%,
33%
*33
3%
*68%
S
Dec
88%
1
5!
U
Dec
r- 21^
34
33%
33%
33%
Par tic S conv class A.
5 $
21% Jan
Mar 13
Dec
13%
3 Mi
common.
Machine
24
33% Feb
17 Mb
13%
20%
*13%
44%
preferred
S
4 'A%
21
72
28 Ma
*109 Ma
17 Ma
21
13 y«
20%
13%
3 Ma
U
13 Mi
10%
20%
20%
13%
44%
7
56 Ma
A
84
20%
100
Gypsum Co
7%
177
29 Mi
109%
16%
,
:
Gas
Jan
May
100
84
13%
*48%
1st preferred
«.
No par
Freight Co—___.:_No par
S
U S
105 Mi Jan ,12
9
30
*17% May
7% May
83%
20%
^ 3%
$4.50
20% Apr 23 :
Mar 22
Feb
'•
83%
22%
12
52
Apr
/Dec
86
*84
3%
preferred
United Fruit Co
23
97
Jan
Apr
17
22%
24% Apr
20
Dec
13 Ml
16%
>
36%
28%
111
17%
U S & Foreign Securities—No par
27
Feb
10%
29%
*109%.
16%
29%
36%
20%
28 Mb
*109%
17%
111
29%
109%
29 Ve
28%
29%
17 Mb
44%
United Electric Coal C0s______.
United Engineering & Foundry
United
36%
112'/a
*109
3%
21
163 Ma
•
101
44%
53% Feb
Jan
34%
100%
30%
29%
r
37 "
37
17%
Oct
Dec
101
*
56%
170% Feb
Feb
Nov
101
1
48% Apr
Feb
107 Mi
101
37%
...5
13
8Mb
•K14"
100 Ma
37 y4
84
*33
100
16
8
'•
preferred
Feb
23
May
100 Mi
37%
29 Mi
29%
33%
Cig-Whelan Stores com__30c
Jan
48 %
69
3,300
13
No par
49
Jan
5y8 May
182
21%
150
Si
180
20%
.10
......No par
United-Carr Fastener Corp
A 1%
66,300
179%
89
~
Co_^
4! 39%
Dec
Dec
Corp
30
179
84
4No par
Carton
40
30
180
16%
80
Dec
A
89
28%
178%
37%
,17%
*88 Vb
:
96
101
a 101
112%
17%
100
Oct
5IM2 July
yysf'y Feb
*
29%
*109
10
preferred
Biscuit Co_..-_.
&
5
100
common
Feb
Nov
85
Inc
88%
*88 Mb
89
*92 Mi
28%
88 '/a
55%
16% Feb
Feb
5
35 Ma May
37%
96
179%
101%
88%
21 Mi
11% Mar
38
.
101%
37%
92 Mi
27 Mb
/
27%
17%
70
£65
Dec
Dec
"
*100%
96
178%
88%
176 Mj
56 y4
Feb
60%
61% May
r
100
*
4,800
178
26%
26%
109%
*92 y4
96
21%
89
103% July
38 Ma May
% per share
178
*108%
109'/a
*92'A
96
*88 Ma
26%
*175 Mi
No par
Car
Air
89
88%
100
*108%
109'/a
•92 y4
96
..25
common
preferred
non-cum
*92 y*
No par
California...
46%
Dec
Lowest
series
$3.50
73
May
Dec
108
*108'A
16%
.7%
4Mb May
109 Mi
55
Apr
20
*108%
21M2
10
16
12,500
17%
Dec
x33%
115%
21%
9%
Dec
114
55
17% Mar
5 Ma
113%
32%
111%
17 Ms
Oct
96%
111%
110
545/«
Nov
xl7%
110 Vb .111%
111%
111
21%
24%
133
111%
No par
39%
67
111%
Improvement-Co.—13%
Jan
40%
9,500
Carbon_.__No par
&
United Merch. &.Mfrs Inc com—1
16%
127%
33%
2
Oct
92
33%
16
9%
46%
33%
22 % Feb
5% May
25% Jan
35
327/8
17% Apr
Jan
53%
33'A
10
94
1
34
27
33%
Dec
33%
Feb
& 15 Ms Feb ,11
92% Feb 11
196% Mar
Dec
!; 71% Dec
37
Oct
Oct
34 Ma
*10%
13% Mar 16
Jan
20%
33%
11
20% Feb
Feb
23%
Dec
12% May
86 ' May
171
48
19'A
15% May
91
No par
preference...
United Dye wood Corp
29
Dec
3,900
13%
$3
43 Vfe
12% May
2,100
55%
13%
$3.50
nVtt Apr 23
44%
10%
54%
United
82 % Apr 22
23% Apr 23
20
10 Ma
13%
United
33
,
10%
54%
13%
12
13
May
10%
53%
13%
33%
22
26
10,900
10%
3% Apr
61% Mar 17
1,040
12'A
53%
45 Mi Apr
16% Feb
27%
11'A
12%
11
Oct
27
11.
10%
4% Feb
Feb
27
10%
53
13
Jan
27
10%
12%
33%
Jan-5
19%
26%
10%
11
United
2
11% May
26%
,
3.200
53
Feb
40
300
6%
12'A
2% Feb
!
10%
35
105
5%
10%
United Carbon
5
.
27.
10%
35
*97
5%
52%
United
Jan 29
15% Jan
2
8
26%
10%
5%
5%
11
4Ms%
* 27%
Mar
27%
lOMa
35
103
*95
5%
5%
12'/a
l4
United Aircraft Corp common
;
5%
convertible preferred..
f
Dec
Jan
24%
10%.
34%
3.800
15,100
53'/a
90% Mar 22
11% Mar 16
28%
35%
103
-
15
23
12 MB
4%
2
19
*95
40
14%
22%
53
Union
16
12
101
5%
15
22%
6,500
105
12%
'2
77% Jan
Apr
*34%
35%
*95
14%
22%
*102%
53%
Preferred
17
Apr
*34%
104
11
Union Pacif'c RR Co
19% Apr
*102%
,
*12%
Union Oil of
30% Apr
103%
21,500
*53
23
110
*102%
9,400
7%
1
22
37% Apr
23
7%
14%
28%
,
24
101% Jan
26
22%
7%
22%
;i0%
V
23%
7%
14%
'
8,300
10,000
22%
22%
6
3,200
12%
7%
14%
35%
52
11%
7%
22
*
23
103
51%
11%
Shares
19%
14%
5%
'•
-
51%
11%
18%
22%
*95,
.
.
51%
18%
15
*34%
.
.
20
18%
23%
6Mi
.
'
35*
r
(The)!—.
>
103
19%
19
22%
18%
14%
6Mi
19»/2
Un El Co of Mo pfd $4.50 ser__No par
Preferred $3.70 series
No par
1
Apr
50
11'/a
23%
36
-
*95
par.
1
Jan
182
*35
>
*
\
'
Sales for
the Week
$ per share
19V8
19Mi
51%
11%
18%
51%
Friday
Apr. U
Apr. n
$ per share
Corp
;—No par
Union Asbestos & Rubber Co.
..5
Jun
2%
No par
Co
Corp
<
.No par
prior preferred.—
conv
Coach
Underwood
Sep
41
preferred..
30% Apr
19
22% Feb 40
6
105% Jan
16 -J- Jan
6
Sep
83
prior preferred...
Ddylite
2
23
22
18%
Dec
conv
$4.50
yTwin City Rap Transit-com—No
M
28%
50
23%
5
31% Jan
Dec
120%
14%
109% Apr
•-92 y4 Apr
■I 96% Mar 18
Apr
Dec
14%
23%
Carbide
152
Feb
:
Jan
—No par
Fox Film com__No par
20th Century
Union
6
75
102%
23
11
28%
102%
115% Apr
Jan
25%
103%
103%
L—No par
22
21% Feb
Dec
110
*102%
*102%
preferred!..!.:
Bag & Paper...!.!
86
Dec
7%
93% Jan
f
Dec
16% May
.
Dec
23%
7%
Union
Jun
15%
22%
7%
9
104
102
23%
7%
7%
34% Jan
Dec
Feb
20%
7%
11
85
38%
20
-
1
common
27% Feb
Sep
111
6
13% Apr
2
Nov
19%
Corp
Truax-Traer Corp
9
55% Apr
<
9% Mar 16
9
May
19%
5%
Feb
97%
18'A
Twin
Jan
30
20
5
106
27
19%
21
<91
164%
20
14'A Jan
Mar
Apr
19%
32% Jan
115
Apr
11%
19
106%
20
52
11%
2
Dec
120
51'A
11%
5
Dec
-
51%
11 %
96
Apr
7% Jan
91%
105
51%
11%
97A Mar 16
Oct
89'A
51%
11%
36% Jan
Jan
25% May
*51Mb
16
Oct
15% July
58% Feb
Dec
43 % May
.
19
24'% Apr
Feb
17'A
•
18%
92
Jan 27
§ Mb Mar 4
Jun :
.-Feb ";.
16
51%
>
9% May
12
104
,
18%
$6
25% Mar 31
Dec
18%
Tri-Continental
Nov
Dec
18%
Thursday
$ per share
$ per share
»18V2
16-
15%
$ per share
5
27
38%
7"
Axle
Apr. 39
Apr. 19
*
share
per
27
PRICES
Wednesday
Apr. 21;
Tuesday
Bearing______No par
tTransamerica Corp.—;
„2
22
Apr
Dec
34% Aug
Roller
104% Jan
•
Dec
£3
•
-
Detroit
Timken
$
>
SALE
HIGH
AND
Monday
Apr. 17
Par
'
,
7% Apr
2
v
12%
;
Timken
'
;
Transcont'l & Western Air Inc.
.5
Transue &; Williams Steel—No par
19
21%
.
Saturday
:
!
■
(1823)
RECORD
LOW
'
23
44
99
STOCK
STOCK
.EXCHANGE
40 Mi May
May
NEW YORK
Highest
$ per share
$ per share
15% May
YORK
CHRONICLE
STOCKS
Year 1947
Lowest
FINANCIAL
&
230
7,800
.
28
COMMERCIAL
THE
(1824)
Year 1947
Range
since Jan. 1
j;
NEW
'
Lowest-
>■
Highest
$ per
I per share
Dec
112%
Nov
121%
Jan
103%
Dec
112%
Jan
106%
Deo
116% Aug
"32%
May
47
Dec
113
100
5% May
100% Feb
Jan
;
10% Jan
4
75%
13
1%
108% Jan 23
-.6%
110% Jan
34% Feb
Jan
Dec
Dec
42%
Feb
28% Feb
65
Deo
90
64
Mar
35% Jan
Mar
5
*106%
10
107
%
16%
107
"■
94%
11
44
44
105% 105%
'
38%
Oct
32% Feb
13
Dec
25% Feb
11
38% Apr
30% Jan
Aug
106% July
85% Feb
11
7%
.106
7%
41%
40%
12%
'..'12%
11%
"
32
Dec
Nov
91% Feb
11
99% Apr 23
Jan
29% Feb
16
35% Apr 20
55
\
26
43%
May
82%
100
43% Jan ■£■ 2
Common
92
*68
5
Jan
31
May
53%
Oct
37
Dec
*47% Jan i- 5
7
5
White
White
Jan
83
Mar 18
92
Feb
23
Feb
20
19
Feb
11
5
27% Jan
Feb
23% Jan
9% Feb
27
1
17%
Feb
90
Feb
90
Feb
6
93% Apr
17
34
July
29% May
5% May
Feb
27% Feb
26
28% Apr
8
Feb
11
15% Apr 22
'
12%
13%
Sep
Feb
64%
6% May
Oct
9
Dec
j
*
6% Mar IT
Mar
51
9
■
$4
Wilcox
17
Oct
12% Feb
11
18Y4 Jan 21
99
Jan
81% Mar 25
uy4 Jan 21
18
Jun
20
Nov
15
Dec
19
Nov
15
•
19'
Mar 30
135
Oct
31%
Feb
126 V
145% May
32
>
707a
70%
35
Dec
28
Feb
Feb
43% Feb
Jan
13
/>
6%
(F W)
Dec
13
Dec
53
Dec
62
May
75
Feb
181
Feb
Feb
58
Jan
5
94%
*
89
Jan
;
Co
>
277a Feb
21
34% Jan
2
10% Feb
27
13% Jan
10
387a Mar 13
43% Jan
19
Jan
16%
Feb
14% May
53% May
23%
Oct
153/4 Feb
21
83
Oct
16
21%
Feb
25
July /
Yale
&
York
Towne
10%
tfc
The
39%
900
44
86%
25%
-
22
13%
25%
>7/
22
217a
22
.
14%
*93
967a
*93
28
*28
29
*28
13%
14%
1474 >
14%
874
85
•83
15%
15%
%,;
16%
•
135%J 136
*134%
45%
153/a
8«P
106.6
16
2074
157a
Feb
,
108.16
iTia
II9.B
iTTMay
,77
104.12
—
—
M
i%aio
104.18
use
--«
I
nlf
7
10S17
in*
vr
y
a,
I
SS
wee
iyj.19
Apr
IOC*6 Dec
Dp?
,77,
o
7~
—
bep
in9o!5Jo«
102.24 May
mT 19
bee
102 ft
102.6
T77
Mpl
lW^Dec
102*25
Anr
217«
21%
217a
2174
21%
213/4
757a
76
76
76
87
9%
.
1014
xiM.*
auiy
Tifi?
Jan
63%
647a
/ 972,
*78 7a
817a
V
87
*9%
974
.337a.
12%
*12 7a
12%
117a
40%
337»
39V4
*39 7a
19%
19%
19 74
20
19
787a
783/4
77%
78 74
76%
77
75%
76%
1874
18%
1874-
18'A
1874
18%
18
187a
I 26
}7 5%
26%
x24%
24%
257a
26'A
25
2574
53.4
53/4
5%
53%
3374
31 %
3? %
6374
6374
9 74
1074
9s/a
//;; 30
31
3074
*77 7a
63
63
64
9%
31
80
40
31%
;• 2.900
12%
v
11%
lira
11%
11 7B
397a
397a
*39%
397/s
*39 7a
40
200
19.
19 7B
19%
20
2,000
767a
77 74
773/^
17%
1874
19
%:vl9/>:-
19
%
-
-."•
12
123/4
100J26 Oct
1018
.8
Anr
Apr
18
187*
Corn
Deferred
1
delivery,
n
New
stock,
r
-
53/4
Cash
/
25%
2674
5%
sale.
- s
Special
wd When
sales,
distributed,
New York Stock
«»
WEEKLY
-
bonds.
5%
Cash and deferred delivery sales
or
GOVERNMENT BONDS
NEW YORK
STOCK
more
Saturday
are
tow
32d of
a
3 VsS—.1949-1952
*103.14
1958-1963
Low
,
103.18
*105.30
106.2
*103.14
*105.30
*108.16 108.20
Ex-divldends.
y
5%
.
point.
01
w>
:
.*108.16
range,
sucrx
sales
unless they are the only transactions of
computing the range for the year*.</,«..#•
in
''-
■
Apr. 20
AND
/„
SALE
HIGH
Wednesday
Apr. 21 /.
•'
PRICES
Thursday
Apr. 22
Low
High
//;>■; Friday /:>'
High
*103.13
103.17
*103.13
103.17
*103.12
103.16
*103.12
103.18
106.2
•>•
108.20
*104.28 105
-*104.28 105.
*109.8
109.12
*109.8
109.12
106
*105.28
106
*105.28
106
*105.28
106
*108.12
108.16
♦108.12
108.16
*108.12
108.16
*108.14
108.18
High
Bonds ($)
*104.27
104.31
*104.27
104.31
*104.26
104.30
*104.26
104.30
*1U9
109.4
*109
109.4
*109
109-4
*109
109.4
*109.6
109.10
«■>•:
*109,12 109.16
*109.12
109.16
*109.4
109.8
•109.4
109.8
*109.4
109.8
*109.14
109.18
*109.14
109.18
*106.6
109 10
*109.8
109.12
*109.8
109-12
*109.10
*100.21 100.23
*100.21
100.23
*100.20
100.22
*100.20
100.22
*100.20
100.22
*100.20
100.22
*102.10
102.14
*102.10
102.14
*102.10
102.14
*102.10
*102.10
102.14
*102.10
102.14
*103.11
103.15
*103.11
103.15
*103.10
103.14
*103.10
102.14 V
103.14
*103.10
103.14
*103.10
103.14
*103.13
103.15
*103.13
103.15
*103.12
103.13
*103.11
103.13
*103.25 103.27
*101.18 101.20
*101;4
101.6
*103.25
103.27
*101.18
101.20
*101.4
101.6
^-1948
>'
>
—1952-1954
1956-1958
,1962-1967
.1963-1968
1rt
No
*103.11
103.13
*103.22
103.24
*103.23
103.25
*103-25
103.27
101.17
*101.14
101.16
*101.15
101.17
*101.16
101.18
*101.3
101.5 :••
*101.2
101.4
*101.3
101.5
*101.3
101.5
*100.27
100.29
*100.27
100.29
*100.27
100.29
*100.27
100.29
'>
/
*100.26
100.28
*100.25
100.27
100.23
*100.21
100.15
*100.10
100.12
*100.10
100.12
*100.10
100.12
*100.11
100.13
101.23
*101.21101.23
*101.17
101.19
*100.17
100.19
*101.19
101.21
*101.21
101.23
Treasury
1967-1972
*100.13
100.15
*100.10
100.12
*100.10
100.12
*100.10
100.12
100.11
100.11
Treasury 2 V4S-__-._w7.__—1951-1953
Treasury 27iE
1952-1955
r> *103:23
103.27
*103.23
103.27
*103.22
103.26
*103.22
103.26
*103.22
103.26
*103.22
103.26
*102.11
102.13
*102.11
102.13
*102.10
102.12
*102.9
102.11
*102.9
102.11
*102.10
102.12
19
272S—
272S
_Jun
__L__Dec
1964-1969
*100.29
100.31
*100.29
100.14
100.31
100.14
r
100.23
Treasury 2—1954-1956
*105
*105
105.4
*104.30
105.2
*104.30
105.2
*104.30
105.2
*105
*102.7
102.9
*102.7
102.9 '
*102.3
102.5
*102.2
102.4
*102.2
102.4
*102.4
102.6
.15.000
it-
;
105.4
Treasury 274S_^--__
—
—.
1956-1959
105.4
U
1
U
*100.1
100.3
*100.1
100.3
Dec
1959-1962
i
*100.1
100.3
*100.1
100.3
2s
__.Dec
1948-1950
•
*100.23
100.25
*100.23
100.25
*100.22 .100.24 ' *100.22
Treasury
100
2s__;
_„Jun
1949-1951
/
*100130
101
*100.30
101
*100.30
Treasury
Treasury
2s___._._J_Sep 1949-1951 '
*101/2
2s___.t—_Dec 1949-1951 "> *10l/6
101.4
101.4
*101.2
101.4
101.8
*101.6
101.8
*101.6
101.8
*101.6
101.8
*101.6
101.8
*101.6
2s_—„____Mar 1950-1952
101.11
*101.9
101.11
*101.9
101.11
*101.9
101.11
*101.9
101.11
*101.9
101.11
IS?
101.13
*101.11
101.13
v&-
Treasury
2%s___/_^_Jun 1959-1962
Treasury
274S___
11
—Treasury
/
—
"7
7
101.16 Jan
:
20
Treasury
1
—
,/
2S
Treasury
2s___„_
.
14
International
—j._
transacted this day.
*101'.9
< *101.11
101.13
*101.15 101.17
: *101.14 101.16
a
Odd
lot
*100.1
100.3
*100.2
100.4
*100.2
100.3
*100.1
100.3
*100.2
100.4
*100.2
100.24
*100.22
100.24
*100.22
100.24
101
*100.30
101
*100.30
101
101
*100.30
*101.2
101.4
*101.2
101.4
*101-2
100.4 W
100.4
101.4
>
>
;> '/I; t'
*101.11
101.13
*101.11
101.13
*101.11
*101.14
101.16
*101.13
101.15
*101.13
101.15
*101.14
101.16
*101.15
101.17
*101.13
101.15
*101.12
101.14
*101.13
JL01.15
*101.13
101.15
v.
ir.
1952-1954
*101.15
101.17
*101.14
101.16
*101.14
101.16
*101.12
101.14
*101.13
101.15
*101.15
101.17
*101.15
101.17
*101.13
101.15
*101.12
101.14
*101.13
101.15
*101.15
103.26
*103.22
103.26
*103.20
103.24
*103.20
103.24
*103.20
103.24
*103.22
100.5
*100.4
100.5
*100.4
100.5
*100.3
100.4
*100.3
100.4
*100.3
100.4
*100.14
100.16
*100.14
100.16 \
*100.11
100.13
*100.10
100.12
*100.11
100.13
*100.11
100.13
98
97.25
97.25
97.24
97.28
98
98.8
98.20
98.17
98-17
99.
99
99.8
99.8
i
103.26
*100.4
•\—
1 ;.i
101.17
*103.22
■I-.
101.17
*101.15
>
rt.
*101.11101.13
*101.14 101.16
1950
Bank
25-year 3s
*101.2
100.3
*100.1
1952-1954
i—
for
Reconstruction & Development
10-year 274S_„
______1957
;
/
"
*100.1
'
1953-1955
1948
Dec
^Treasury i%s~_:
988 Apr 23
99,22
„_Jun
Treasury 2s___
—
Treasury 1%S__„.—
*
100.16 Apr
.
Treasury 2s_._____.Sep 1950-1952
Treasury 2s
1951-1953
Treasury 2s
1951-1955
—;
'*
-
101.8
Treasury
Mar 4
Feb
T
sales
*103.11
103.25
*101.15
100.28
.
Qa
103.14
*103.23
>
100.27
"
lli°A&n 15
•>"
109.14
*100.21
~
94.14 Jan 15
Sale® for
103.16
*105.28
High
v
the Week
Apr. 23
'Low
High
Low
Low
*100.25
—
T,iiw
2,200
Ex-rights.
*100.26
__
d£U 403.4, Juiy
lSl'S mlv
>
10,700
•
:•
Tuesday
Apr. 19
High
x
.
Exchange
disregarded in the week's
Monday
Apr. 17
-
253/4
53/4
100.23
101.16 Jan 20
14
4-30°
"
YEARLY
-
one
25%
57/a /
100.27
7
100.16 Apr
13.500
•
5%
100.28
"
inn in
4,200
--
78% :/A
*100.21
100.2
'
4,000
40
*100.26
—
-
/ 700
/
:
*100.25
:
7"
530
260
•
81
100.23
2 /
~~
Bid and asked price.
,
100.27
>"""
101 2
.
87/
,
100.28
6
P
100.30 Aor
in? nn
'• /11,200
77
87
*85%
*79 /
,
33
•
217a
87
77
*100.21
Tan
qTm
21
*76
227,
75
*100.25
—/
7
1,100
>■; 9,000
*100.26
Har 4
Mar
"i^
50
,
:
100.26
Jan
Anr
1012
S
.
32
477a
100.29
mi ix
103 i
if
136
;
6,300
4674
100.30
'-v
100.14 Apr
101.14 Apr 16
10230 Aor
i—
.22
*100.24
*100.13
—
—
im
101J23 Dec
102-28Julr
/
5
32
467«
*100.28
/
—
May
•1347a
-
317a
46%
*100.27
t.\
!!!
100
T
Anr
136
*134%
:
467a
100.30
100.14 Apr 16
—
1,000
8,200
100.29
100.26
100.15
—
101 12
V
31
76
—
10212
153/a
*16%
*100.28
*100.27
*100.24
*100.13
*101.21
Mar 12
,-n-B
100.8
900
/
15,800
^8
16 74
Treasury 27aS———Dec 1964-1969
Treasury 272S„'—.—___1965-1970
Treasury 272S
....
1966-1971
Treasury .27?s..——Jun 1967-1972
Treasury 2%s—-_-^>Sep 1967-1972 i
—
—L-'—
lW.l8
136
%
16%
2
—
—
.
1347a
•;
100.26 Apr
—
uw
'
12%
No par
riftrp;'.,,..,;,
Treasury 2 7as_—
Treasury 272s___
—
101 7
153/4
153/4
i7«
167a
v'"'.
Treasury
,"7—7-
o
38,000
X
85
7
—
,77
/
97a
100.25 Jan
;
10
577a
♦83
76
9%
33
—No par
Treasury 27as_-
7
—
100*23 Jan 28
»ay
a
9%
573-a
13,300
\
1574 /157a
85
153/4
^
*39 7a
1"
Treasury 2%S—
——
101.11 Jan
100.24 Mar 13
iftVoo
iS'i
aw.<
:
974
Treasury 2V2S____._„-__„1950-1952
r
101.11 Jan
Apr
in;,c
aa
/
■
v ••
153/8
X46 V*
31 ;<:>
467«
647s
Treasury 272S———-1949-1953
—
,rr,,r
iaa'1/, dan
lfli'54
iftl
2
—
a
101
16
50
Treasury 2%s_—
_
102.22 Feb
2
—
-r_.
w
—
—
JSloo
u
57
-
Treasury 23/4s-__——-___-_1960-1965
—•
f-r
in! iJ
27,200
157a
Treasury 2%S_——_
—
-"00
102.22 Feb
—
—
,77
1M
Feb
*
>•;.
31
46%.
9%
Treasury 3s_—-i
1951-1955
Treasury 27aS„—j-__„1955-1960
Treasury 274S-—
-1951-1954 ?"
Treasury 23/4S_—*_—--l—1956-1959':;/'
—•
—.
100
>15%
21
*9%
EXCHANGE
May
-7,---104.12 Feb
—
•
—
29%
Z
..
—Treasury
—
,7—
114.8
~~r
Dec
__
967a
76
Figures after decimal point represent
105.28 Mar 10
105.28 Mar 10
107.20Mar 10
107.30Mar22
•,>
; —
—.—
«
>16
136
,31
•
46%.
regular weekly- range are shoun in a footnote In the week in which they occur.
No account is taken
headed "Interest Period" Indicate in each case the month when the bonds mature.
•
7.
'
6,300
/153/a
153/4
*83
153/4
%
1674
*134 7a
,
'
%
■
column
:
5
'-
15
21
76
25
-
-
620
-t.-600
■
r
*28
297a
15
85
/'
23
•
7®
LOW
?8e
108.21 Feb
t'112,6 Feb
H JSr
106.13 July
109.16 Dee
.
*83
,
26
*93
8% •r 9%
I *^6
55%:
64%
Products
Range Since January 1
/
Lowest
Highest
Xr:
■'..•8%.
147«
64
Wart In
.
Year 1947
Lowest
Highest
87a
55%
167a
307a
.
>
'f
,
2274
153/«
.
157.
1574
56 7a V;
85
>'
8474-
%26
225/,
*283/4
2974-
15
*1572
136
307a
,
7»
56
:*83
15.Vi.
iv
>16%
%
.
16%
:'a
8%
84..
/ 7; >4,600
967a
15
14%
■
.•
,
88
:
8%
'.56%
j.4%;> 15
-
*56
447a
v.'
26
•' *93
14%
'
8%
57
157a
967e
14%
14%
65
Zenith
Range for Previous
2274
96%
8%
r
44
350
917a
847a
*2574
14
14%
837a
*91
•
25%
28
14
i:
84%
.
447a
227a
13%'
8%
-
-44
/ 39
917a
'
437a
39%
90 3/4
*90
v
21%
•93
*64
Zonite
fv,
84
39%
;•
*24%
13%
*56
I
«
,
>
:
/
.
/
34
90%
„
90%
917a
43%
29%
;
13%
-
:'^y.
85
'•» 85
//,:;
*2474- 253/4 'i,
85%
25
"21%
>, 44
93%
93%
*28
.
:'85
25%
> 44
44%
40
9074
♦90
No par
15
the
60
8,800
22,500
-
.
903/4
'if '
91
91
87
6% Jan
the
953/4
74
90%
•89 7a
8072
267a Apr
of
297a
9074
397a
'
80
11
in
38%
29 'A
95
*39 7a
39%
87
53/a Mar 16
letters
38
297a
95
38
29%
*94
.
39%;'
39%
.
82
193/4 Feb
outside
italic
94%
800
87
Mfg Co
—Prices are "and Interest"—except for Income and defaulted
when
week, and
'
1,000
82
FRIDAY
tne
377a
37%;
297a
12,000
997a
87
preferred
Bond Record
3774
947a
1,200
v"
347a
87
Youngstown Steel Door
a
23%
34 7a
84%
2
tin receivership,
23 74
99 74
*82
18% Jan
this day,
23 %,;
.//217a
217a
3.900
}
34
*85%
1474 Mar 16
on
72
—
2
sales
72
9974* 9974
30 y8'.
79% Jan
no
72
357a
46%
65% Feb 27
•Bid and asked prices;
717a
9974
21%.
—No par
Young Spring & Wire
Youngstown Sheet & Tub#.—No par
2
7174-
•34
307a
5
Jan
71,500
- 3,900
.
357a
♦987«
46
Jan
21
34 7a
357a
10
common
cum
/
14% May
57a Jun
*85
*83%.
Worsted Cs
Corn
47a %
34'/a
34%
9974
44
15%
Wrigley (Wm) Jr fDel)
507a Mar
-
34
2974
:
"
12% ; 14»/a
33%
-33
-
34
357a
No par
Wyandotte
45
4,300
1,900
*987a
40
*16%
Aeronautical
13
37%
90
7%
4174
35
90%
No par
15
33% Aug
10% May
127a
31%
.
105
77*.
4074
99
10.
10% Jan
Mar
Feb
105
1,600
3,700
34%
•'
4%% series
100
Prior pfd 4%% conv series—10o
Wright
/
1,440
177a
46
.
~
7%
4174
127.
1274
317a
120
99
;
44
'
(new)
67% Jan
8
18%
""
May
;
45'/a
106
J.
1087a
173/4.
774
:
,
>,
35
91
.'
Co-
9
60% Mar 19
; 70% Mar
Dec
8
Mar 23
83
.
4.2
103
GO
■
98%
*80%
Prior pfd
<
96%
10
New
81% Feb
V
16
80
Nov
•
22% Apr 22
14
Apr .20
AfjL
100
,
1047a
17.%*
403/4.
40 3/4
37 % -i
29%
common—10
Co
Worthington P & M (Del)
20% Apr
75
377a
297»
*94 7a
*89%
—100
Iron
117..
104
•■
19,400
40
116 3.4
46
106
' '77a
21%
37%
V
106
*7%
22
96%"
14%.
preferred
Woodward
Woolworth
15%
110
*
**.••
29%
%
<
2174.
90%
..
.
1'
:
2
•-*,
•
367.
No par
Pwr
3
Apr
// 4574
>■'.71
7074.
•:>•'
.
•29%
'
33% Jan
11
108
1774
45y»
31 /:>
*3374
;
♦94%
No par
com
48
5
53
v,
'.i
22
21%
91
Motors MB
1
pfd series A
No par
El
10734
167a
y.;> 117a
33%
37%
*39%
5
preferred
Wisconsin
105
1077.
/
y/ 32
3374
96
*89%
20 ;
:
WJlann-Jones Co
8
9
xl3i
Mar 19
Dec
*
17% Jan
10
May
43
Jan
A Mar 22
Mar 31
*14.25
*
16 72
,
12l/2 -V
113%:
12%
.*89 %
V.
No par
com
Co
Wilson Sc Co lnc
116
1047a
4074
V
29 y«
98%
I V;
preference
$4.50 conv
'
116
10774
•105
..-772
417a
v'
37%
*33%
.
.20:
preference
Oil
*109
'
Willys-Overland
Jaa *9
10% May
88% Dec
15%
No par
100
No par
No par
i
Machine
Sewing
conv
Prior
9% Apr 23
M .'
Co
Motor
15%
1107a
for
Shares
$per share
1534
*109
4474
29%
No par
com
Wheeling Steei Corp com
$5 conv prior pref__.
White Dental Mfg (The 8 8)
29%
105
,
Sales
the Week
Prod—
15% Apr 21
:
34
9% May
51%
8
15 7e
116
,
106
77.
41
32 <%:.
70%
21%
*94%
12.50
,
preferred
Wheeling A .L Erie Ry
6
•93Mar
Mar 16
90
Apr
115 78
J105
167a
•105
V- >
k 34
33
*
70
21%
■
100.
B
$3.75
80
84
series
Instrument
Westvaco Chlorine
7
5
Dec
101% Mar
pfd
cum
Elec
Jan
76
-26% May
19% May
3.80%
Weston
■
34% Feb
62% Mar
"
5
85
Dec
102% July
Dec
23
t per share
153/4
109%
457a
7%
31%
'
33%
1674
41%
'
32
.
33
class A_No par
Westlnghouse Air Brake
No par
Westinghouse Electric com
12%
3%% cum pfd series A
100
95% Apr 23
*
>44%
:
106
7%
*40%
»
Western Union Teleg
23% Apr '23
105
Dec
30
18% Feb
31
27% May
22% May
88
Sep
26%
May
107 74'.
16%
">
„
17
Apr. 23
"
1
A
105 74.
106% 107%
17%
44
100
series
116
106*;
105%
i
157a
1097a
115 V*
y
Friday
Apr. 22
$ per share
:..y
15%
109
105 74
116*
44
•17
y
Auto
Preferred
♦115%
105
Supply Co
10
Western Maryland Ry com
100
i;
4% non-cum 2nd pfd——,i—100
Western Pacific RR com
No par
35% Apr 23
72% Jan 15
11
116
.104%
—5
Western Air Lines Inc
Western
14% Apr 23
22% Mar 12
Dec
May
9% May
pfd
Coke
&
116
15%
*107%
108
Thursday
.
;V; Apr. 21
Apr. 20
t per share
15%
15%
108
PRICES
Wednesday
Tuesday
4'-
Apr. 19
t per share
15%
108
Pulp & Paper com—No par
preferred-
4%%
19
Apr
8% Jan 29
44% Jan 10
7% Mar 17
9%
32%
26%
,
Apr 22
106
2
14
Coal
Va
West
West Va
15%'
*107
100
100
100
—
West Penn Power 4%%
6
17% Apr 23
$ per share
(The) __No par
No par
Co
preferred
preferred
46
25
6% Jan.
"
38% May
117% Jan
11
Elec
Penn
Class A
16% Apr 20
38% Feb 14
Oct
West
19
109% Apr 21
X1137* Apr 15
103% Mar 29
105% Feb
Jan
17
13
104% Mar 16
117% Mar
Par
I per share
share
13% Feb
105
-
Apr. 17
■./■/,
,
SALE
HIGH
LOW AND
Monday
Saturday*
STOCK
YORK
EXCHANGE
Highest
Monday, April 26, 1948
RECORD
STOCKS
Range far Previous
f per share
FINANCIAL,CHRONICLE
STOCK
YORK
NEW
Lowest
&
u/
transaction,
1972
r
.
/ >
■" » -J—
■.
-
*97.20
♦
'
98.20
Registered bond transaction
98.15
98
98,18
*97.16
98.20
46,000
..
i'
51,000
RANGE
Friday
>,
BONDS
'
V
i
Interest
Period
Stock Exchange
New York
j
or
York
Friday
"
Low
Sold
Low
No.
High
<
Stock
Period '
Exchange
Registerea
10554
10534
1071
*.
107
107
100%
107
,1942
El
Salvador
4s extl
83%
F-A*
74
74
A-O
65'/2
A 7s part paid—
A6s part paid___r___
Helsingfors (City) ext 6'As
Italian
(Republic) extl
Credit
Public
Wertheim & Co.
IA 7s series
120
REctor 2-2300
T eletype
(
Members New York Stock Exchange
Italian
Italy
Medellin
'
.
Agricultural Mtge Bank (Colombia)—
§AGtd sink fund 6S-_:
1947
sink
AGtd
fund
6s
lAAntioquia
7s series B
33 '/a
33%
iAExternal s
AExternal
AExternal
sec
AExternal
sec
33
s
33
88%
^
f
s
f
(U
—
of)
S
92
89%
1
91%
83%
99%
99% 100%
external
108%
107%
114%
1941
8s
59
59%'
."
.
s
6'As of
f
1978
Stamped pursuant to Plan A
(Int reduced to 3.375'A)
•'..
Ry)__
37%
49%
50 %
6 2'/a
48
37%
49%~;
59
59,
56'/.
61
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'
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•
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:
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59
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31
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;
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1949
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1947
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59
67
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14
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-
1949
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84
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s
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1962
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Bid & Asked
Low
'•
Telephone
or
Sale Price
High
-
J-D
Week's Range
Last
Interne*
BONDS
York
New
.
•
.1900
29
record
SADenmark 20-year extl 6s
Stock
Corporate
3%
(1825)
ENDED APRIL 23
City
Unification Issue—
Transit
WEEK
Range Since
January 1'
Bonds
Friday's
Bid & Asked
?
New
FOR
CHRONICLE
Week's Range
f
Last
Sale Price r
,
bond
york
new
''•V-
FINANCIAL
&
COMMERCIAL
THE
Number 4693
167
Volume
York 4, N. Y.
Teletype ny 1-971
FOR
RANGE
Friday
BONDS
York
Stock
Week's Range
,
Interest
Last
Period
Exchange
Sale Price
'-
or
Serbs
Croats
A 8s
secured
A7s
series
ASilesia
Sydney
of)
extl
County
§AUruguay
M-N
No.
J-D
3%s_.____1957
extl
8s—,1946
4%
4%
J-D
Council
iRepublic)
Sold
High
4%
M- N
7s—,,.___1958
1—-——1958
assented—
Friday
Low
4%
3
4 Va
*8
1
10
J-J
90
F-A
/
85
fund
6s
1960
M-N
sink
fund
6s.„
1964
M-N
.
'
-pmmf
1'^^
■J- '1
;! -V'
/<
($ bond of 19371—
readjustment.,——1979
M-N
External
conversion
M*N
37/g-4 Ve-4 j6jjS extl conv
——,1978
4-4%-4%s extl readjustment—.1978
3%s extl readjustment
Venetian
Provinces
A4
(City)
......
7s—..
external
1984
*73
1958
121.;
86%
78
•
F-A
F-A
1st
*f:'7
80 VB
10
77
90
27
4
27
27%
10%
*5%
92
7
7
i
—1952
Alabama
Great
Southern
Alabama
Power
1st
7
mtge
Allis-Chalmers Mfg 2s debs..——1956
Amer it Foreign Pow deb
5s_.r
2030
American Telephone & Telegraph Co—
2%s
"
debentures
2%s
2%s
M- S
F-A
1975
A-0
.*1.,..--'^™--1986
debentures_._:_._,J___1961
debentures
2%s
J-D
Ann
93 %
debenturesCo
deb
——1957
Arbor
1st
gold 4s—.—.July 1995
A
106%
101%
90%
91%
111% 113%
106%
101
1st
100%
79%
97%
122
M-N
4s_^_July 1952
General unified 4%s A
——1964
Atlantic it Danville Ry 1st
4s.„.„1948
Second mortgage 4s
...—_,_1948
Atlantic Refining 2%s
•103%
M-S
103 Vi 104 Vi
J-D
100
J -J
J-J
24
J- J
debs——1966
60
40
100
:
25
and
1
Ref it
cfo
gen. mtge 5%
and
2%
A-O
G_
(2%
A-0
15%
:
Ref it gen
mtge 6%
and 3%%
•fixed
interest)—
J~
L.idue Dec 1 1995*
income—..—Feb 1 2010
Series
;A4%s conv
64 Vi
61 Vi
M-S
64%
.1.60%
M-S
64,
Pgh Lake Erie & West Va—
Ref
4s
series
v
A———.4
58%
64%
80
78%
86
J-J
:
gold
5s
4a.tfJw_-
series
1.,
104
Series
64%
57
71 Vi
48%
.86%
7$
64 V
.67%
53
74 Vi
C
Short
67%
1st
100
■i
102
78
74
it
Southern
Ry—
„
88%
76%
102%
100
104%
102%
11
45
103
105'%
6
102
106
•99% 100
.99
*91%
98
-"i
99%
•••!
99%
80
87%
95%
14
''
99%
91%
92 %
78
'
81%
82
'•
•99 % 119
109
98
•1
-•
..
79
J-J
102 %
107
95 Va
97
99%
73%
■
M-N
75'%
103
68
75%
66'%
66'%
6
59%
67
90
J-J
90
5
84%
90
J-J
105%
J-D
105'% 106
M-N
*101%
A-O
100
100
A-O;
106%
106
106%
1973
A-?0
105'/a
105 Va 106
1977
A-O
100 %
100
"
100
1972
101
9S
—
106
104%
101
--
.r
Vi-;
•100%
F-A
103%
103'%
16
*104% 105
100 Vb 101'%
19
Union Terminals; Co—--J
Colorado
.
100
*109
;
J-D
4%s____1961
100 %
3
105% 105%
J-D
......lgSO,
gtd
80
104%
105% 105'%
J-D
1948
gtd—
mtge 5%S series A.^—..j:
1st mtge 5s series
1st mtge 4%s series C...^,..,
,
81%
gtd:.,..:.
Line
r?. 1st
?^'.r45%:il53%':;r
87 Vi.
3%s
;Series D 3%s
J
71%
28
F-A
1970
92
106
100
104%
J-D
1st mortgage 3s::.^:_i.-.^._. 1982
Cleveland; & Pittsburgh RR— o
' '*
65
:
89
101%
102
A-O
1993
57%
65%
104
105%
'F-A
1993
B—
73%
33
MS
City Ice & Fuel 23/jS: debs.^—
196i>
City Investing Co 4s debs
:.___1961
Cleve Cin Chic &
St; Louis Ry—- <
General
1
J-J
.
104%
58%
284
76
J-J
.1975
99%
16
:
•
89%
53%
>102% 10b
J-J
Cleveland
•
,
May
M-N
S'western div 1st mtge 5% ser A
;
(3%% fxd it 1 Va % cont
int)1980
Toledo Cincinnati division
55
J-J
—1994
gtd 3 %s series E"____.*.1969
1st mtge-2%s serG
......1974
57%
80% V64:::
■
.1980
10
105% 106
105%
-
1017/8
Cleve
j-d
182
92
J-J
1st mtge
contingent
■v
64%
92
102
Cleveland Elec Ilium 3s—
Series M_.—due
Mar 1 1996
"
61'%
I*
95%
J-D'
•
243
Apr
Ref & impt 4%s scries E...i:...1977
Cin Wab & Mich Div 1st 4s.„__1991
St Louis Div 1st coll trust 4s
1990
64 Vi
105
57%
•99
92
,93%
fixed
due Dec 1 1995
—due Mar 1 2000
73 %
54%
48%
65%
V
26
71%
57%
102'
;■
100
104 3a 104%
73%
Pacific Ry—
&
Cine Gas Ac Elec 1st 'mtge .2%sCincinnati Union Terminal—
25
97%
104%
39%
88 y*
Apr
J-J
S
40
25
V,
J-J
113
Apr
Jan 1 2044
1st do ret 4J/4S series D_u,_....t,..l962
interest)—
...
Series K
89%
(4%, fixed
contingent
Series
B
3s ser
General
contingent int)__July 1975
98%
J-D
SS
July 1975
48%
48%
J-J
J-D
Baltimore it Ohio RR—
1st mtge 4s ser A—
1st mtge 5%
ser
B
59%
44%
J-J
Chic it West'n Indiapa conv 4s_:__1952
3
'■
67
•89%
111%
15
11
100
90
54%
1st-U ref -M 2%-4%s^..^:..._.1994
105
79
55%
27
60
3%S_——...—:—1951
.98% 103%
15
16
25
60
111%
103%
121
103%?
37
74
115
57'%
J-J
Income.23/4-4V4S.._
103%
71%
111
60
Chicago Union Station—
101
41%
87
106%
..
12
96%
34
64%
123%
110% 110%
lI6%
100%
82%
1st mtge 3 %». series-—1963
1st mtge 2%s ser p—
1963
115%
74V"
93
91
129
Memphis Div: 1st gold 4s
1951
Chic Terre Haute A? 8'easterh Ry-»
100
*
J-J
J-D
81
122%
308
73%
112
?
2
J-J
111%
122
40 %
•120
112
109%
39
*
inc 4%s.—Jan 1 1999
conv
99
96%
36
M-N
110%
108
._
99
v..
117
110%
v
'
96%
-
104
104% :
115
20
°no% 111%
Apr
102%
80
97%
111% 112
•:>.
100%
A .'..1988
A__———1994
ser
1^1:
130
101 %
■
'
—
:
Jan 1 2038
4%s
ser
inc
mtge
Gold
'
M-N
cons
4s
19
,
High
'
121
105
120
M-N
...1982
series
3
104%
'
J-J
Chicago St L & New" Orleans 5s.—1951
102%
101% 102 Vi
*70
Line Ry—
3%s————1963
Atlantic Coast
mtge
'
1st mtge 4s series A_~—
—1994
Gpn mtge conv 4%s ser A-.Jan 2019
113%
101% 102Vi
Nov
.
2nd
97
102 Vi
A-0
Adjustment gold 4s„____July 1 1995
July 1 1995
Stamped 4s
Atlanta & Charlotte Air
1st mortgage
1st 4s
Low
v
B..L._-__-...1985
ser
Chicago Rock Island
93%
96 Vi
A-O
...1995
RR—
128
104
F-A
106%
93%
1017/B
i
■V.
96
95 Vi
January 1
No.
103% 103%
F-A
mtge 4s inc ser A-._-_Jan 1983
1st mtge
90%
,
Range Sine*
Sold
•115% 118
Chicago it North Western Ry-^i
94%
92%
85%
Q-J
1966
P W Products Co 5s—,
Atchison Topeka it 8anta Fe—
General 4s—
90%
95%
90%
113%
A-O
inc
104 %
F-A
58..-_.___1997
conv
conv
: 93%
A-0
3%s
mtge
103%
J-J
mtge 4%S inc ser A„.Jan 1 2019
94 Vi
103
inc
mtge
111
4%s
89%
96 Vi
J-D
3s—,—1962
92
,
?
98%
103%
94%
Vi
94
M-N
3%s...-.,"-.X-,—1985
2%s__..._...i;J-.1970
Gen
90 Vi
106%
J-D
debentures...........1969
3s
93%
mtge
Eastern
83
95 y«
:
A-O
Amer Tobacco
98%
Bends'
High
128
/•>.. J-J
J-J
100
:
Friday's
Low
.
F-A
gold 4s_._.1939
cons
mtge
it
1st mtge
9C
J-J
1982
conv
106 Vi
i83
r:
93
>
93
-
83
,
98%
*
debentures—V..1987
2%s
83
28
97!;
7 100
*■97
83'
M-S
debentures
conv
103%
—:.r_,_1980
debentures
2%s
2%s
106Vi 106%
106 %
19%
«r
Bid & Asked
M-S
mtge 4%s inc ser A
Jan 2003
Chicago Ind it Sou 50-year 43....1956
Chic Milw St Paul & Pac RR—
"
100% 104%
A-O
ref
A 1st
103 % 103%
A-0
1992
4Vis series B___....—1977
ref
!-•
:
A2d
*'24
J-J
Albany it Susquehanna RR 4%s_,_1975
Alleghany it Western 1st gtd 4s__1908
ref
AGen
M-N
•
\
Chicago Ind it Louisville Ry—
A-O
3'As.,..1967
3%s_—1972
1st
Chicago Ot West
RAILROAD AND INDUSTRIAL COMPANIES
AAdriatic Electric Co 7s
Ry—
4Vis_—
Chicago it Erie 1st gold 5s.:
7
5
■
■
4s_
&
1st
83%
07
..
..
&
AGen
27
81%
Div
1st &
83
83
80%
Laat
Sale Price
Ohio
gold
A
Chicago
85
76
41
•
it
1st
80 VB
_
J-J
A-O
i——1958
80
V.' 'V'
'2d consol gold 4s.__.....J—— 1989
Chicago Burlington & Quincy RR—
118
74
91
•'mmmr.
79
79
F-A
79'%
it
j
&
General
121
78%
..
J-D
..1952
7s__,
% s assented
783i
R
'
90%
118
'
•
impt mtge,3%s D
1996
Ref it impt M 3 Vis series E.^_..1996
..
3%-4-4%s
External
.,..—1979
.
,
*110
—
Ref
'
*110
m-
"6
90
*110
sink
General
8'%
,
•
.
13%
5
1,
Week's Range
Interest
Period
.'
Exchange,I.,;,
1
7%
7
V*-'
:
Slock
■
7%
3%
13%
*5
AExternal
A
York
New
High
*
External
AWarsaw
BONDS
Range Since
January I
Bonds
Chesapeake
extl—1962
see
RECORD
WEEK ENDED APRIL 23
(Kingdom)—
external—.—..,.1962
B
(Prov
A4%s
A
Slovenes
it
Monday, April 26, 1946
«
Friday's
Bid St Asked
Low
FINANCIAL CHRONICLE
BOND
YORK
NEW
New
&
COMMERCIAL
THE
104
106%
24
100%
106
68
96 Vi
101%
,
.
1st lien
&
ref
M
Bangor & Aroostook
Con
ref
4s
Beech
Bell
4s
4s
ser
D_„__ 1985
74
J-J
stamped
Creek Extension
—
Pa
: 80%
J -J
1951
mtge
2%s
ser
Cons
mtge
2%s
ser
1st
&
5s
series
AInc mtge 4%s
Breda
121%
M-N
mtge
1961
Bush
1960
1954
—1976
Consolidated
Bush
1947)
4s!
at
Canadian
National
.1955
,—1960
gtd 5s A
1962
Guaranteed gold 5s
..1970
gold
4%s
1955
debs————1965
3 Vis
Corp
debs
3Vis debs.:
(1947 issue)
1960
1960
A Cent Branch
U P 1st gold 4s____1948
tCentral of Georgia Ry—
§ A 1st mtge 5s
—Nov 1945
§AConsol gold 5s_.
1945
.
ARef
&
gen
5%s series* B
...1959
A Ref & gen 5s series C
1959
AChatt Div pur
money gold 4S..1951
§ A Mobile Div 1st gold 5s
1946
Central Illinois Light 3Vis
1966
f ACentral of N J gen gold 5s
1987
A5s registered
1987
A General
4s
1987
A 4s
registered
—1987
.Central New York Power 3s—.1974
Central Pacific 1st ref gtd gold
4s_1949
1st it ref series A
(4Vi %
to Au«
1st mtge 3%s
1
ser
119
modified)..
Elec
&
Af-N
1980
3V8S debs__.1971
*63%
1949)
B
1974
1968
5 A Central RR & Banking Co
5s stamp
(partial redemption) ..1942
Champion Paper & Fibre deb 3s—1965
For footnotes see
page 32.
.'J.
;
80%
80
81
11
59%
58%,
59%
72
99 Vi
98V'2
.
.72%
M-S
'93
% 88 V?
vi
93
68
50
81%
59 %
19
5
88%
99%
99%
27
V
5;
11
63%
>
61%
63%
J-J
•93% V;v63
A-0
T:
12
L 88
.
105
M-N
99
"''Q'-rWW'
.
A-O
103%
102% 103%
7.„.
^
J-J
—-*1
113% 113%
A-O
108%
108% 109%
22
109% 109%
1
F-A
'
J-D
112
.
F-A
111%
M-S
107 Vi
J-J
?
88%
•"
•—
v"
102
F-A
102
;
-
-
•
F-A
*99
r
:
,.*79»/b
--
—
-
•'
108%
106%
82%
92%
52%
54%
Ry 1st. 5%s,l
ACllba RR
1943
—-—r—
.#
lst 5s gold—-.1952'
ADeposit receipt's
..
J-J
..
'.
108%
&
2%s
Co
debs..
58%
100%
10
99
1,V;-
96
•
N
Y. Lack
& Western
1st &-:yef- M, 5s.
Ser^C,i^?^_1973
Alncome,.mtge, dufi_^.v-'->—--1993
Morris & Essex division
.
Coll Tr. 4-6S
Delaware
35'%
40%
33%
35%
37'%
35'%
36%
103%
103%
*93% 100
*102%
-
__
104'%
:
A-O 1
101 % 101'%
M-N
100
101'%
90% V 93
89
95%
84
93
::
.
M-N-
.
M-N-
64%
80'%"
M-N
62'%
-
84
63% -64%
54
•
84
>
64%
-
«•••
>62%
63%
54%
J
?!
63% -
Power
102%
99 Va
78%
63%
69%
39%
12
79
216
?
'
53
61
5
r
19
102% 103
101
103
j
Denver
Rio Grande West RR-~
'
'*
contingent int)—^
Aincome mtge ser, A (4% %
contingent in,t),
Denver St Salt Lake—
gold
J-J
88%
90%
90%;
2018
Apr
60
62
62;??
1993
J-J
,
v
Detroit Term &
Tunnel
i
i
SO
66'%
110
J-D
M-S
103
% 104'%
97%
*69%
75
68%
*60
68
M-N
,
80
96
J-D
J-D
1995
4%s,__^_„1901
78%
110
MrS
gold 4s__.1995
4s„_____.
j
1993
—
; ^Income;mtge..(3%• fixed
.11%
contingent- int)
ASecond
I
^
'
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61
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25
52
A-O
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.
Detroit it Mack 1st lien
101
97%
108
.,
110%
102'%
58'%
% 102%
96
84%
81
97%
97%
96 %
46%
46%
104'%
97%
7
r
71
63
102%
"
J
J-J1'
50%
Q-J
49%
46%
49%
J-J
45
44
45
if
*33
J-D
_i.—_.May..l 2042 V?
«fe;.Light 3s..
1973
8%
Q-J
32'%
..
8%
47%
80%, 83
33%
33%- 33%
:
J-J
:
6%
*19
37%
80%
v
diVi
6%
*•
40
32%
A-O
Delaware St Hudson. 4s extendedu_il963
Delaware, Lack & West RR Co—
62
—i'l '
V
*107%
,
J-D
J-D
1965
144
'
•53%
39%
80%
J-D
J-D
J-J
.,
Dayton Pr it Lt 1st mtge 2%s____1975
1st mortgage,
38.14^,
^Lwfriil978
Dayton Union Ry 3%s ser B__,_.1965
267
~
100% 101
J-J
—
8:|/j
A-0
99%
103
55
S A Cuba Northern
8%
61
95
101%
107%
107
7
190
VV 2
69%
53
2
10t
109%
112%
!
49%
,1
97
V 99%
4
'
J-D
102% 102 %
97%
02%
98
7%
-
40
"
98
7%
.
5
99'%
96%
95
6
88
8%
•
v
1 M-N
3V8S__._—1966
mtge
8%
>
A-O
J-D
96%
94%
99 '/4
A-O
Detroit Edison 3 V2S, series G--U1966
Gen.& ref ,3s series H
_^,_,_1970
Gen & ref 2%s series I.._—V.1982
53
95
96%
94%
92
113%
112%
■
1
107%
99%
109%
»•..
—
104 Vi
106%
92
■
111%
102%
68
M-N
F-A
,
110%
''89 %
F-A
A-O
105
>111%
66
■
A-0
A-0
100%
100%
34
92 %
107% 108 % V
101%
"4
99%
1st
1%
J-D
J-D
' 103%*
■: V'. 3
::
3 07'/a 107 Vi
92%
M-S
112
111% 112%
120
__
M-S
,
104%
.107% 107%
♦96%
A-0
A7V2s sen A ^deposit rcts,'.,.^ - _1946'
A6s ser B
108%
!V2,"
104
•104%
F-A
96
107
99%
:
106'/a
107
:i
102
Vi
105
*99 Vi
105
107
M-N
Deero
J-D
106%
64%
101%
93%
105
58
101%
J-J
99%
59
98%
M-S
Steel
^leppsit, rcts_2.?l—1946
307
;
106
51
15
^
Crucible
93 Vb
95Vi
i.:
Consumers Power lsf mtge ^%s._^1975
Continental Baking 3s debsJ.
1965
y.-i
,•
*101% 102
*•>'
.
96%
87%
'
73
100%
•107
F-A
series D_l-.r_..j,1972
ref 3s
ADeposit. receipts
92%
25
•
J-J
Consolidated Edison!lof New Xork—
•
1st & ref mtge 2%s ser A— -—.1982
1st At ref mtge 2%.s ser B.
,..1977
1st & ref mtge 2%s serv C...^,
1972
1st St
'
1.• ; v>1;""'Tr''-
J-J
F-A
El 3%s____1970
exU 4sr...
^1955
53
100
•100%
M-S
1st
100
*102%
M-N
Ohio
Tol
101-102%
F-A
F-A
97 Vi
:tCv'
•
Sou
&
56%
100%
Commonwealth Edison Co-^-
121 %V
90
91
it
lst mtge 3s series L
—1977
Conn Ry & L 1st A? ref 4%s___.__l951
Conn River Pwr s f 3%s A
1961
Consolidated Cigar Corp 3%s___
1965
96%,
,•
58
M-.S
A-0
Columbus
93-
96
90%
J-J
.
Guaranteed gold 4%s
1956
Guaranteed gold 4%s__
—1951
Can Pac Ry 4% deb stk
perpetual
Carolina Clinchfield it Ohio
4s____1965
Carthage & Adironack Ry—
1st mtge gtd 4s
1981
Celanese Corp 3s
Celotex
v':
Ry—
Guaranteed gold 4Vis.—;
1957
Guaranteed gold 5s
—Oct 1909
Guaranteed
98%
*101% 102%
V:
A-O
gtd
cons
Gas
92%
;
94%
M-N
1952
1st 3s._....1976
Calif Oregon Power 3 Vis
1974
Southern
(stamped
Columbia
!
59
-
California Elec Power
Canada
i
A
99%'
96%
*89
M-N
:
5s
-
due—.1957
...
5s_;
Term.Bldgs
■
971%
Ry—
(interest
1
1st
Terminal
88%
'■■
:.
121%
•
A-O
July 1970
2%s______
May
88%
>S8
■:■■■
99%
—
M-N
A
modified
to
J-J
1955
^
Co 7s
Pgh
3%
v;1;V"7'i
121
M-S
Buffalo Niagara El 1st
mtge 23/4S—1975
Buffalo Rochester &
Stamped
92%
*97
—
M-N
1967
Bklyn Union El 1st gold 5s
!_.__1950
Bklyn Union Gas 4s
debentures—1969
Gen
93,
;-\>
AC.....!,'
ser
(Ernesto)
78
77% *83%
.
*99
A-0
debs___1961
1st mtge 5s series II__
1st mtge 4%s series
JJ__—
1st mtge 4s series RR
A
82
fC'/a
92%
A-0
C..1960
I
.——1970 $
J——
1976
Maine RR—
mtge
:
Columbus it H V 1st.extl gold 4s_..1948
92
■
J-J
3%s__.1951
series
<
Corp—
Cons
Boston
/ 70 %
.
Columbus
-——
1st
5s
Beneficial Indus Loan 2,/2S
Bethlehem Steel
•
77
RR—
".....^—...—1951
Telephone of
4%s
'
J-J
51
48
-
577
-
107
107%
Det Tol & Ironton
Dow
Chemical
37%
52%
355
35%
50%
t§ ADul So
68
-
32 Vi
47%
Duquesne Light
RR 2%s
2.35s
B
debs____^_.
1961'
M-S
1976
ser
Shore & Atl gold 5s._—1937
V
J-J
J-J
»
38
84
f.8
'
48
'•
'
■"
32%
101 % 3C1%
14
97%
17
102 %
L*
^^1977
.1 F-A
100 Va
102
103'%
Co 2%s
98%
37
101 %
103 %
99% 100
5 03
%
103%
'
F-A
•
F-A
M-N
J-J
*99%
96%
101% 101%
33%
—
32 Va
*97
28
101%
99%
102
East Tenn Va & Ga Div 1st 5s__._1956
M-N
Ed
J-J
El III
(NY)
Elgin Joliet
33%,
97%
12
—-
29%
33%
96
98 V*
1st
cons
gold 5s
^1995
East- Ry l3 %s
____1970
El Paso & .S'western-1st 5s__
_^"__1965
A-O
156'%
A-O
..f.:..,,..1965
111% 111%
M-S
5s
&
stamped
...
*104'%
103
101 %
—
103
101 % 101%
110
111%
156%
156%'.
102-
104V4;
101%
105
100
.101%
THE
Number 4693
Volume 167
COMMERCIAL
YORK
NEW
RANGE
Friday
BONDS/,
Exchange
New York Stock
V;V
Interest
,
,
.
Period-
,
Co—
Railroad
Gen
-
.
,
J-J
*.
1964
1990
1st cons mtge 3%s ser G
2000
1st cons, mtge 2s ser H-w
——1953
Ohio Div 1st mtge 3.Vis——w—1971
mtge 3%s ser F—
70%
Low
110A
■>
A-O
J-J
,
■=■93
64
70%
93
78
82
„
.
100
82
82
80
1.
J-J
Af-S
M-S
00
2
High
;'V2
debentures
3s
79%
100
*99
.
i'
■
96%
Gas & Elec
&
80%%
1st
100
2d
Rub 3s deb_—&—1961
Firestone Tire &
A 1st &
Francisco
: ■
deposit—.—.
of
ACertificates
■
.
M-N K
I037s
J-D
M-S AA
A 63
M-S
Ar.._- .V
M-N
y *■ •.
.
East Coast 1st 4%s—.—1959
ref 5s series A
lJj,
1974
(Florida
6s——1956
Sugar coll trust
103% 103%
T"21
)-
•
102 A
>--2
59%r 63%
60
•
60
!
A
•;
50%
8'
•■103y2103!2'/'':
102%
General
A4s
Realty
inc debs
conv
Goodrich
(B
F)
Great Northern
*
A.
llP/4
4
123 %
123%
116
116
116
A'
•
V
3.'/a ? ser
*94
J-J
J-J ;
J-J i'jCv
J-J
Feb V
mtge 3%s set Ow^.
95%
-
ctfs
Mobile
1st
Ohio
&
RR—
ref 4s series
&
Gen
8
81
A-O ■&
J-J %
■V
l
100%
vr"
99%
*95
•
;7-. : W
36:--
93
'
8
677/8
h" V 201
56%
,v V
96 : ;
'
96
21
67'
73%.
.—1954
95
10
94%
98
86
4s ser B
85%
85%
6
84%
(Southern Lines) 4s„1959
M-N
70
70
1
70
70
94%
98
—-1972
Corp 1st mtge 33
;}
-.ft
lien 5S series
adjust
ACum
Household
Hudson
Coal
Hudson
&
Ry
-.AAdj
mtge 25/ss
1st
24
1981
J-J
Extended
1st
Refunding 4s—
Collateral
lines
trust
Refunding 5s
J-J
..
*
97%
91%
-
105%
,'57%
63
,17%
5
24%
98%
•95
W.>
j
102
w';-;
*1C1%
1952
A-O
102
_™ww___1955
1952
gold 4s
aw—1953
1955
M-N
>02 Yt
J-J
101% 101%
:
A-O
>
3%s——
If ;
'
93%
55%
50%
78
90
68 %
78
76
>74%
76
35
71%
76
64
62%
64
25
61
65
65%
65%
61V4
66%
J-J
;
"
-
1 '
J 05%
F'A
\
f
V
67
98
47
57
71%
37%
738
30 Vi
39
82%
374
71%
82%
72
82
18%
27%
:f
71%
82%
J
65%
65
66'%
f-a
v
.
81%
79
8IV2
M-S
37%
35%
M-S
S23/8
78%
M-N
81%
M-N
25%
25%
1,412
A-O
82
78%
82%
138
F-A
81%
78%
82
309
71%
82
703
„
GO
J-D
%
58
81.%
,
61%
1
101%
■"'
102
54%
60
L
-
'•
'
777/a
SO
M-N
73%
M-S
;
»'■
80
44
68%
80
71
73%
152
64%
73%
97%
M-N
'
103
99%
97
60
■
"
r
:i
66%
1
103
*100% 101%
'
•
66
66%
'
103
F-A
.
42
82
78%
'23
M-S
M-N
'
91%
10
88%
91%
,
84%
9
National
•
|
,97
r
1951
gold 3%S!
J-J
1951
1951
—a
1st
J-J
97
104%
/•,, 100
99%
-v
100%
'
•97
101%
|
102
102%
I
101
*100%
101
*99
F-A
*102
F-A
————i—
104%
•v
105
*10C%
111 Cent and Chic St L & N Q-»
wl963
J-D
96%
..1963
J-D
89%
1963
J-D
1970
1950
ref 5s series. A
1st & ref <f %s series C
1st
J-J
mtge 4s ser Da
Illinois Terminal Ry 4s ser A
Indiana 111 & Iowa 1st gold 4s
Indianapolis Union Ry Co—;
Ref & Imp 2%s ser C
95%
88%
96
97
J-J
97%
34
84- \r?.
88%
81%
89%
}■
77
84
I
97
\
89%
83
...
110
97%
97
,
y
6
21
-
•100
*101% 103
'
;'Alst 5s series C—
:'
•
102
A Certificates
'
A 1st
90
J-D
85%
85%
52%
58%
20
26%
48%
56%
50
-
-—1952
A 1st 6s series A
Adjustment
•
gold 5s series C——-1956
SAInternat Hydro-Elec deb 6s
1944
56
a-o
58%
55
54%
.-.•
56
:
.
207
4
62%
61%
62%
96
28%
'
-V
J-j
A 1st
57%
55
26
A
j-j
——
25
57% '
a-o
series A—-July 1952
-1956
6s
5s series B—
56
4
63%
f
104%
J-D
78
,
V.
60
:
97
23
M-N
1972
1st 5s B
1
101
101
101
102% 102%
"2
—,—.1956V;
1954:
6%s series A——
J-J
....
j-j
Central Pow & Lt 23/aS
—1959
1976
JT-D
82%
.79
82%
98%
98%*
9S'
95
*10(1
L,
M-S
6
95%
a-o
' ;
100
103%
100%
103%
~4
103% 103%
98%
92
60
81
84
92;
f-a
90 %
92
~7
80
92
F-A
A-O
89
90
39
93%
95
20
90
V'|a
A
95
74%
A-O
83
69%%
v■-%.
69%
251
63
72%
74%
250
66%
81
83
114
74%
83%
A-O
84%
66%
103
.
26
1997
J-J
J-J
82
79
82
109
F-A
67
64%
67
52
—-1998
___1998
——1998
registered —
Mich Cent coll gold 3%s
100
92
90%
Co—
General mtge 3'/a8—
98
%
101
102%
92
F-A
98%
94"%
102%
*101
V; 103%
J-J
A—wwi.—....t.1998
3%s
James Frankl & Clean 1st 4s
102
101
*103% 107%
r
j
Ref & impt 4%s series A—2013
Ref & impt 5s series C_
_4__2013
N Y Central & Hudson River RR—
Cons 4s series
82%
105%
lltf
100
VV'?7
3%s
75%
£
F-A
M-S
v
29
104
of deposit-^—
New York Central RR
102
102%
115%
2
registered
———1997
Lake Shore coll gold 3'/2s—,i-1998
Int Rys Cent Amer
"V ^
101%
101% 1017/8
,
98
"
*
*100% 101
*101,•
; 104% 104%
*103%-104%
M-N
A-O
ACertificates of deposit—:.
j-j
„
w;
100%
102 %" 104%
certificates of deposit-.———
A 1st
tlnternational Great Northern RR—
fr1956
—^
series D_1
4%s
p:
__
J-D
*97% 101%
;
__
M-N
deposit—_w
of
A Certificates
{
97%
80%
:
A
—1986
4s—_wwl954
5s_i——1948
New England Tfel & Tel 5s A_—__ 1952
1st gtd 4%s series B
—1961
3s debentures
_i-_—.—^1982
N J Junction RR gtd 1st 4s——1986
New Jersey Power & Light 3s_——1974
New Orleans Great Nor 5s A__._wi.1983
New Orleans & Northeastern RR—
Ref & Imp 4%s series A
1952
New Orleans Term 1st gtd 4s—.__wl953
(New Orleans Texas & Mexico Ry—
''Alst 5s series B__—
—1954
J
100
1st gold 4s
J-D
ANaugatuck RR 1st gold
Newark Consol* Gas cons
95%. 100
Div
Supply 2%s debs___— ^<,1967
I
I
86%
*99%
3%s
38
105%
*96%
Western Lines
13
101
F-A
gold 3s__
100%
703% 104%
National Steel Corp 1st mtge
J-J
1st
100
104%
y
F-A
91%
97 %
3
100%
A-O
t
101%
77
84 Vt
91%
J-D
3s_—1965
103'%
102'%
103
86 %'
4
95
23
105% 105%
Y
86%
St Louis—
98'%
•
Omaha DIV 1st gold 3s——
w~195l
St Louis Div & Term gold 3s_.
1951
Jersey
1
i
A-O
.
98
:>.-i5v.
>;-7y
103;:
*100% 102
A
90
N
*100
A 1st
'1
3
76%
d5l
77%
J-J
3s ser B——:
—1986
National Dairy Products 2%s debs_1970
*104%
1st ref
1,
93%
57%
J-J
1st mtge
J-J
Registered
,5
RR—
Nashville Chattanooga &
J-J
Joint
A
96
59%
98%
57
52
A_i———1962-
s
J-D
Gold
•
*
1011/4
51
17
93%
J-J
103%
1951
Springfield
11
57
;;
106%
96
59%
101% 101%
-
J-D
99%
Louisville Div & Term gold 3%s_1953
'
**
J-J
4
v-'i
93% 109%
M-N
'•
102
77%
M-N
__
Litchfield Div
..
'
;
85
103 %
21
*103% 104%
59%
-
A-O
100
80
4
,
1C3 % 104
M-S
,
83
%
100%
99%
P3
M-S
*101%
M-S
4o-year a%s_vL;—w---Ji—•r.-.-wiiDee-Cairo Bridge gold 4s__i
1950
•
100%
*99
83"
103
100%
*JQ3%T03%'
A-0
3%s„—_;
gold 3s sterling-Collateral trust gold 4s_„.
>;V
98%-'98%
98%
94%
88
104 V4
105, ^v'
:
96%
;
101
'
r
1965
A General 4s
——1975
A 1st & ref 5s series F
—1977
A 1st & ref 5s series G——1978
A Conv gold 5%s ser A__
1949
A 1st & ref gold 5s series H——1980
Al'st & ref 5s series I
——1981.
Moh'k & Malone 1st gtd gold 4s_„199L
Monongahela Ry 3%s series B„—1966
Morrell (John) & Co 3s debs—--1958
Morris & Essex 1st gtd 3%s——_2000
Constr M 5s series A__
i—1955
Constr M 4'/2S series B— ——1955
Mountain States Tel & Tel 2%s—1986
126%
>
v26;
VViGl'
61%' 63 V
22%; '24 V-yv : A 340
1951
1951
gold
1st
Purchased
W
100 %
98%
RR—
1st gold
,
94%
119%
' 99V4'
105
:
*
J-J
Illinois Central
:
V
63
A-O
.48—_—U-„_._1951
1st gold 3%s_w—.w2..w_l951
Bell Telep 2%s series A
Illinois
*97 }
•
F-A
mm.
iw
V"90%"y'9i%tv
91%
M-N
1957
96% V
;
*126
>
!
J-D
—Feb 1957
5s__.
income
y
J-J
.1949
1st 5s A
96%-
•
J-J
.1962
series A
1st gold 5s__
Manhattan
M-S
1976
,__1999
.1970
1st
s'f 5s
Co Gas
Hudson
.
1st
4%s
Finance Corp 2%s
Valley
99%
101
*100%
A—-
.
J-J
series A—Jan 1967
5s
98
101'
100
M-S
mtge
(Missouri Pacific RR Co-^-;
A 1st & ref 5s series A
.|
v^v.J'1
98
98
'100
M-N
A-O
1
Hocking
101
73%
M-N
Prior
H
Hackensack Water
99
6
101
94%
40-year 4s series B—_—I
—1962
Prior lien 4%s series D__—.w-_ 1978
63%
95
£•
77
92%
2
101
70%
4%s inc ser A—Jan 1971
AGen mtge 4s inc ser A
Jan 1991
Mo Kansas & Texas 1st 4s
;
1990
102%
•
96%
111
73'%
M-N
93%
93%
' 4
'60%. 63%
63%
Apr
Af-N
Jan 2044
1976
mtge inc 4s ser B___
1st M 2.%s
Gulf States Util
96
%
Sugar 4s sink fund—Feb 11957
Missouri-Kansas-Texas
96 •:
88%
92
94%
1st gold 3%s
—1952
4%s series C——1979
Michigan Cons Gas 1st mtge 3%s_1969
1st mtge 27/ars_:—_i—
—1969
t§ AMidland of N J 1st ext 5s-_—1940
Minnesota Mining & Mfg 2%s
-1967
Minn St Paul & Sault Ste Marie—
78%
■
.'"6%
•'.'4
84
J-D
Ref & impt
86%
'll
$9 %"'*■■;■•
76 % V
100%
109%
t
1st
76%
'"98
7G%
A___i.July 2015 ;i J-Js'i
D— J
1969
A-O
108
95
J-D
:
-
'93%
74
-7
102%
A—1960
*97%
97
.
'„91%
102 % 302 %
110%
.
105%
99%
J-D
-
B_i
mtge inc 5s ser
1st & ref 3%s series
Gen
;
1959
;
90
82%
59 j
fj.-' vf | o- ..f.1 :'A
1
14
*9F%
*57'-
1975
Greyhound Corp 3s debsw
116
,88
*93 fvv 97
High
101
109 7 a 109%
J-J
123 %
86
-
*79
«
'%•
Feb
% /•
B__w-—
112
116
110,
•4% ;A.
95%
,--
86
*
A Debentures
101
9'A
95%
83%
9t%
109%
■
3 !
109
89
*—
_1966
Metropolitan Edison 1st mtge 27/8S_1974
Metrop Wat Sew & Drain 5%s.—-1950
Michigan Central—
•Jack Lans & Sag 3%s___—
1951
"
12
■'4:
Low
1
12
100%
*87%
M-N
May Dept Stores 2%s debs
103
81%
ft;'
111% 111%
323%
J-J
J2000
P_____w_w__1982
A
Gen mtge 2%s ser Q—
2010 i,V;
Gen mtge 2%s ser R———1961% ;
A Green Bay & West deb ctfs A
Gulf
%
*
J-J
1973
Gen mtge 2%s ser
■
83
99% 101
'
J-J
,
General 4%s series D_™__w_—1976
Gen
£2%
M-N
.
^
B_Lww2w_.1952
General 5s series C-.^-——Gen mtge
103
Ry Co—
General 5%d series
}
_1
*102%
-
M-S
mtge 2%s_1965
debs—1972
100
M-S
M-N
Central RR 4%s ser
Manila RR
Mead
1969
2_.
1st
Co
•
gold 3s—
1980
Div 4s——^1955
& Co 2%s
(R H)
Maine
103%
A
J-D
110% 110%
102% 102%
M
Macy
60
Manati
5s
1949
& Utilities Corp—
>' •
January I
No.
63%
'59-
5
•
''
Range Since
Sold
107% 107%
101%
56
1st mtge & con
Gas & Elec of Berg Co cons
100%
•
101%-V;:
1C1%
-
Bonds
High
104
100
102%
A-O
A-O
series G——2003
Div
St Louis
110%
A-O
M-S
-
series F—-2003
M 2%s
1st & ref
-
3%s
M
; Atl Knox & Cine
*
Rahge
Friday's
Bid & Asked
RR—
Nashville
ref
&
-■—1903
3%s_———1966
F-A
-
:.jv
Louisville
,
—1951-
(P) Co deb 5s™_
Louisville
4
96%
*95.
-
r
or
Sale Price
Low
93
70%
Week's
Last
Interact
Period
'
^
Stock Exchange
New York
Lorillard
E___
mtge 3'As ser
ist cons
67%
-
*
January 1
No.1
High
BONDS
Range Sinee
Sold
■■■''■
•
4%s ser A—Jan 2015
inc
mtge
1st cons
: c
""
Bond#
Bid & Asked
Low
Erie
APRIL 23
ENDED
Friday
Range
Friday's
or
Sale Price
31
RECORD
BONO
WEEK
(1827)
Week'*
Last
'
*
FOR
CHRONICLE
FINANCIAL
&
3%s
registered
'61
F-A
F-A
65
63 %
79
37
65
F-A
f:
K
Kanawha & Mich
1st
J-D
A-O
A-O
A-O
J-J
J-J
J-J
; J-J
Kansas
City Southern Ry 1st 3s
1950
1st mtgeAfs ser A_4-----i^wv--1975
:
Terminal Ry 2%s
Kentucky Central gold 4s
Kentucky & Indiana Term 4%s
Kansas
1974
1987
1961
1961
City
Stamped
—
_1961
Plain
4V'2S
•
A-O
City Power & Light 2%s__1976
Kansas
gtd gold 4s~1990
.
1961
Unguaranteed
Kings County El L & P 6Sw-w—1997
Koppers Co 1st mtge 3s_^_i._„i___1964
JAKreuger & Toll 5s ctfs„_
.
New York Chicago & St Louis-— ^
Ref mtge 3'%s ser E
——1980
1st fnt3e 3s ser - F—(www—.
19B6
N Y Connecting RR 27/as ser B—1975
N Y Dock 1st gold 4s
——_>vl951
N Y & Harlem gold 3%s—,—.—--2000
■
1
•
102% 102%
4
102%
102% 103%
102%
102 %
83
96%
103%
97%
100%
110%
114%
99
*93
*114-
44
,
100
98
.
3
:
'
:
:
97%
' 98
*168%
--
112%
98i
*112%
■"
*97%
169: 1
L-
;oi% 101%
'
1%
iy«
;'vl
11
Mtge 4s series A
45
97
75%
*98-
J-J
A-O
A-O
M-S
1959
\
99%
1
3%s
1975
\
.1970
^-A
5s
stamped
6s stamped
Leh
Val
96
]
83%
91%
1
90
16
30
90
F-A
*92
1954
Lehigh Valley Ry Co NY 4%s ext_1950
Lehigh Valley RR—
,
4s stamped modified_______>__...2003
4s registered
>.i.___,w„_-2003
.
F-A
F-A
F-A
90
95
*96%
1964
gtd 5s___
91%
85%
;.-. 92%
87%
f84
93
93
'
97%
93
* 'w
i;
M-N
A Lombard
Electric
7s series
A
,1952
Long Island unified 4s_i_,.,ww.
Guaranteed
4s
ref
gold 4s
stamped
For
footnotes
*
see
page 32..
'
82%
67
?■: 2
60
43
67
74%
-1949
„1949
1949
-
5s_—a———.—1937
&A2d gold 4%s—
w—1937
8 A General gold 5s..—
—:—1940
27
36
?
26%
32
"
73%
74%
35
36
*32
34
89
,68
v*
__
39Vs
.
^
i
M-N>
A-O
A-O
A-O
M-N
43%
74%
Falls
Niagara
109%
39%
35
;
44
46
36%
74%!
12
67
2
121
42%
73%
121
12
109% 110
*105
44V9
■
74%
V
121
109% 111%
-
{
18
34
72
79
219
65%
79
|
M-N
19%
15%
19%
704
10
19%
{
J-J
69 %
66%
70
911
60 %
70
|
May
42
36%
42
1,731
31
42
Power
101
2
4%
J-J
1067/o
J-J
/'
137
4%
47
17
65
67
60%
~2
105
38%
6
37
y
I
10
4% VI
98%
f.
67
107%;
|
32
38%
*
12%
17
:if
32%
*14
F-j4
7%
3
95%
|
101%
97
t>
F-A
5
98%
106% 108%
38%
3%s_i—1966
9%
98%
*.._
67
J-J
16
77
t
8
93%
97%
I
13
103V8
104%
|
1,402
9%
19%
f
107% 103
3
106%
69
166
49
69
|
4
127
129
>
5
109%
116
?
*73%
M-S
97%
97%
104
F-A
J-J
15
3%
9
9%
M-S
J-J
.
98%
M-S
J-D
A-O
101%
19%
Co—
69
15
63
73 Vi
78%
97%
104
19%
ref 5s———-1974
M-S
113
116
1974
M-S
*106
109
J
123
North
:
Central
Gen &
Northern
Prior
4s
"V Ref
101%
101 A
Ref
101
;
1013*2
102 %
Ref
101
101:
101A
102
Coll
ref
gen &
4'/2S series A_
A-O
Pacific Railway—
lien
—1997
4s—_—
Q-J
1997
Jan 1 2047
registered —
2047
& impt 4%s series A—-—2047
& impt 5s series C
2047
& impt 5s series D
2047
128%
103%
Q-A
lien
trust
l„—
3s
4%S
—
—1975
J-J
J-J
J-J
M-S'
128 % 128%
99
105%
96%
103% 104
100%
V*
j
61%
67%
!
13
60 V2
64
21
87 V4
94 3s?
322
*100
Q-J
Q-F
registered
General
101 3*1
32
I
78%
A-O
3s
106
J-D
M-S
M-S
M-S
157
81
mtge 5s conv inc_
2014
Norfolk & Western Ry 1st gold 4s_1996
;>
30%
39%
Y
78%
M-N
AGen
•
-121
.
30
36%
37%
*30
ijj
74
78%
.—1943
—1982
1978
1946
1st gold 5s—
Telephone 2%s ser D
Ref mtge 3%s ser E—
(§AN Y West & Bost 1st 4%S
1
428
:
353%
/
M-N
5s Stamped modified—__www__2003
■
Norfolk Southern Ry
M-N
M-N
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s_„_1965
Liggett <fc Myers Tobacco 5s—w
_1951
Little Miami gen 4s series A
1962
1st 4s
§ATerminal
f
94
*87
74
J-J
■■
N Y
67
F-A
2003 .;
4%s registered
ii v
i
*87
,
4'/2S stamped modified™
j
.
mtge conv inc 4'/2s ser
81st refunding
,
95
100
70 %
76%
M-N
ref mtge 4s ser
AGen
i
87%
*96%
1964'
1974
i__i^w^^L-.-,1974:
Harbor Term
•
'
,
F-A,
1st & ref sink fund 5s_.
5s.6tamped;-_
" v
90%
1954
;
1st & ref sink fund 5s
.
9t%
A-O
1st & ref sink fund 5s_w-—._»_-1954
,
88%
98 %
1
10
-—
1st &
>
82%
98%
72%
-1954
(AN Y Ont & West ref 4s
June 1992
AGefteral 4s__„——'
—1955
N Y Power & Light 1st mtge 2%s„1975
N Y & Putnam 1st cons gtd 4s—-1993
N Y State Elec & Gas 2%8
—1977
N Y Steam Corp 1st 3%s_
——1963
(N Y Susquehanna & Western RR—
4s
A debenture
1%
100
98%
98%
.,—1957
A_J———2007
A-2022
(AHarlem River & Port Chester—
176
101%
1001
100%
72%
J-J
a-G
Hartford RR—
§ACollateral trust
89
*96
6s__——_1940
(N Y New Haven &
~7
83%
'101%
78%
98
,
mtge income reg_
'Lehigh Coal-& Navigation Co—
8 F mtge -3%s ser
'Lehigh Valley Coal Co—
;J
Dec
*86%
__
'100
M-N
M-N
112%
96%
"*94
J-D C
F-A
J-J
.,1973
4%s series B——
17
96%
89%
88%
M-N
V;.-.' Vv;
J-D
"
1997
Lautaro Nitrate Co Ltd*—'
A 1st
1997
registered
_^w_2043
w——w2043
96
*87
A-O
series A_—1973
N
L
take Sh & Mich SoU gold 3%s
Mtge 4s series B
Y Lack & West 4s
J-D
A-O
67
116
67
64%
63%
64
94%
93%
94%
99%
99%
92
100
99%
99%
10
92%
100'/a :'i
101% 102 %
53
99%
1023AfT
99 %
997/8
302
4
;
32
(1828)
THE
NEW
Inter—t
Stock Exchange
Last
Period
*
States
rn
(Minn)
1st
Bonds
Bid & Asked
No.
High
Low
j
4
,
F-A
A-O
1977
A-O
*97%
99
Stock Exchange
(Wise)
1st mtge 2%s_„
97%
97 Vi
98%
Air Line RR Co—
,
v
1996
AGen mtge 4yas series A
Jan 2016
Seagram (Jos E) 6c Sona 2%s—4.-1966
98%
96%
96%
I
J-J
1971
A-O
7s__194l
P-A
18ASilesian-Amer Corp coll tr
Skelly Oil 2%s debs
Socony-Vacuum Oil 2Vis
South 6c Nor Ala-RR* gtd 5s
tOgdensburg 6c Lake Champlain Ry—
A
1st guaranteed 4s__
Edison
1st mtge
1948
3s
2%s
Oklahoma Gas & Electric 2%s_
1st mtge
„
Oregon-Washington
RR 3s
J-J'
11
12
1974
ms
101
101
—1975
A-O
97
97
93 Vi
97
—
98
93 Vi
95% .vf.1
Ohio
*
1975
f-k
A—1960
ser
■3
A-O
194%
10
12%
93%
104% 104%
103%
' I
27/8s
1st 6c ref 3Vis series I
1966
J-D
1st 6c ref 3s series J
1970
J-D
103%
1st 6c ref 3s series K—
1st 6c ref
3s series
6c
ret
3b
1st 6c ret
1st 6c
Pacific
6c
Tel
3y8s
103 %
j-d
101%
102%
102
Q——
2%s
'•
—
.1987
96 %
95%
Pennsylvania-Central
4%s
A-O
101%
1978
Af-S
J.03
1955
.
f gold
s
j-j
5s_1949
cons
Airlines—
•101% 101 %
102% 103'A
(Oregon Lines) A
Af-N
42%
Pennsylvania Glass
Pennsylvania Power
1st
3s
mtge
f
s
&
3s
Consol
gold
6terl
Cons
—
81%
82%
22
92'%
93
20
16
99%
'•••"
26
100%
.
General
General
5s
7
102%
series
J-D
.77
A-O
77:;
100
A-O
1985
J-J
1960
i960
1990
1974
1977
1st
ref
ACertificates
A
of
f
s
j
gtd
Cons gtd
,
f-k
:
103
j-d
1964
Af-N
RR—
109%
107%
6c
J-J
1970
107
100%
A-O
J-D
1985
J-J
RR
of
New
Orleans 3%s,_1974
"*7
7
52%
102
92%
5
7- '7
96
46%
100 V*
-
94%-
97
;7,
100
97
98 %
114%
100
99% 100
106
-7
95
.41;
93
77
92%
95 Vi
89
122% 122%
100
99 Va
103%
95"
95
V/-V;
121%
n
7 7
124
7 94%
.
100
*99% 101
7
116%
97 y8
105%
'
*92%
—
99
100%
•;
J-J
impt 3%s__1960
81
83
71%
85
7
A-O
59
64%
42%
64%
7
98
J-D
98
1949
Af-S
•102
1961
Af-8
1971
Af-N
4
1975
A-O
7
1967
J-J
98%
;
99%
98%
1970
1976
10%
Ref
100%
101%
94%
*97%
98
99%
95
97%
1 77 v 107
109%
I
98%
If*
2y2s series C
2%s debentures
95%"
102
105%
l;
i
109
Vandalia RR
111
Cons s
J-D
103% 103%,
j-d
*86
•*;•
86
102%
87
103%
79%
Af-S
A-O
1976
Af-N
—1967
-1962
•>/:;.
.
'
f
cons
g 4s series a
-7
100
J-J
'■'*
•
—ii
100
vV
:
;
;
92'%
87%
93%:
98 Va
96
98% ;i
92%
92%
*95
/
7
7
91
95%
97%
97% 7,
93 ya
93%
90
97
-Ii:
'; 7
Jf-N
>
■
'
"s
19
Af-s •';••;-J-J
.
,
.
^7
J-D
771'
-.
101
105% j
8%^
99
'
90
*210
"90
!
105%
107
Gen
145
210
,;rf
Reading Co 1st & ref 3Vis ser D—1995
Revere.Copper 6c Brass 3%s__—-i960
.
Af-N
Gen mtge 3 %& series
H—
1967
Gen mtge 3Vis series
I——_1967
.^ 2^* 31/48 8erles J-i—1969
tARut-Canadlan 4s stamped——1949
IlARutland RR 4Vis
stamped1941
;
;-;102
Corp—
Gen-mtge 4 Vis series D.?————1977
87
V
Af-S
102?
Gen mtge 3^s.-4._4
Power
U
Af-N
Aptr
!
*106
*106 Va
'J'ZL
r *i04'/a
8%
8'%
;'lo
J-J
J-J
—
I
107%
„
8%
10
107%
1996
2d gold 6s
1996
8t L Rocky Mt 6c P 5s
stamped-—1955
Bt Louis-San
Francisco Ry Co—
1st mtge 4s series
A__
1997
—
Jan 2022
Louis-Southwestern Ry—
1989
Nov 1989
1990
cons S°ld 4s_1968
•St Paul ttolon
Dept 3Vis B
1971
Scioto Y ft N E 1st
gtd 4s
1989
ms
*97%
j-j
70
J-D
I
99
99%, A
-
96%
99%,
■
'
'■
/
•
I
74
■
.
iff
81
75 V*
85
'
90%
97
7 7-
94%
-
77
,
"
'
!v-N
98%, ^ J
'
f8"/v
98%.
92
*99
7
7 85
7v;V
7.
"A J-J
-•*
7107
t;-V.
92
i!
debentures
M-Sv
J-J.
;
Winston-Salem S B 1st 4s
^Wisconsin Central Ry—7 7
•7v7 S A Jst general
7"->..
-7:
99 Va
—
103%
,
.
.
100'4 *
100 Va
95
100
88%.
7
94%
>
4
95%
.
*103
*110%
:7
•7y 2
v
7
92
.
97%:
997/8;" i
1037/103%
7\I7
94%
•
18
95%
-S
103%;-
94
't
96
*
103% I
111% iiiy4 I
.7
-
Siy*
93%
f
101%
-
J;
•
iqaq -h
J-J
j-j
71 Vi
39 %
7
236
64
75%
.
43%
30 ;
*95%
J-J
38%
*—77
J-D
19711
71%
71"'"
Af-N
1976
69%
96 %
93
103
40%
>103% 105%
-7;
73
.19%
43
;
30
7
96
103 JilOA
7
;
.
;
r
70
79%
•
99%
\
:
.
85%
87 y2
341
80
57%
54
57%
990
51%
59%
Yonkers Elec Lt 6c Power 2%s.
1
87%
,
a
Deferred
Included In the year's
range,
not included In the
year's
1'
.1976
104 Vi 104%
*86%
1
89
98%
105
80 %■
98
90
79
A-O
102
102
M-N
"l
>127
J-D
85%
89 y«
I Negotiability
)
99 y8
;102%1
the
Ex-coupon.
-
year's
range,
d Ex-Interest.
not included in the
•
e
Odd-lot
year's range.-
\
'
sale
not,
r Cash sale
-
Accrued interest
•
tThe price represented Is the dollar quotation per 200payable at the exchange rate of $4.8484.
tCompanies reported
the
lol
y
impaired by maturity.
pound unit of bonds.
f
In
n Under-the-rule sale
range,
m-n
J-J
delivery sale not included
Bankruptcy Act,
or
as being in bankruptcy,
receivership, or reorganized under Section 77 of
securities assumed by such companies.
^Friday's bid and asked prices;
A Bonds
selling flat.
no
sales being transacted during current week.
""
;
;;
99% 101% f
5
13
i
:j
98
80%
83
99%
*92 ,;7.V_
J-J
ACertificates of deposit
7*
fASu 6c Du div & term 1st 4s___1936
ACertificates of deposit
i;-i
j
f
99%
123
103% 103%
t
7
97
'
-
69
66
85
186
91%
101 Va 101%
...
M-Sr:A7.^--
109
59
u:
98-
90%
101%'
J-J
1960 (■
7-
■
•A-o.:,77v"?7-.—
1
7
•'
V
-
97 y*.
91%-
M-S
I\
ji
57%
■
f
T .77'
j-d
41
99% 100
98
J-J
1967;
mortgage 3s__^.^_1958
7
92
7-v:
100'A
99% 100
Af-N-
107
106%
27
:•
109
105%
777 1
'
66
10C
M-N99%
i<uq
-1st mtge 3%s series D_
lOO'A
7,
T<
54
101
108
69-
62 %
7
+"
„_1971'
RR 4a
(5Vi
-
■
.:■•
47%
100
*
-->-7'
107
105% *
•
C9
•66
:■■■■
.1950.
100
",7
107% 108% :<
M-S<
c Mar
103 '
77! 7
'
•108%
J-D
—
7
97
'I
105% 105%
v
-
6c Co 1st
84%
-..Jil
Vi"'
a-o
.
i
99%
j-j
J-J
98
•.
•
\
10
87%
*
117
105
94%
88
'100
J-J
May
70
*76
k-o
j-j
96%
__
100
io4'/2
*54
F-A y
2361.
Wisconsin Electric Power 2%s
Wisconsin Public Service 3%s
—1971
7 99%
-7'
84 Vi
V
A F-A
7
7 8%
7%:
77
108% ;7:
-t
98
.«
96%
•
91'/8>
Af-S
105
7%
.
103
108
*
..«
81
98'/*
105%
-
25-year gold 5s
_1951A
30-year 5s
1960
Westinghouse El & Mfg 2%s^_fc«1951
I
—
104
—
...
103
7
80%
84%
-T
A-O
-
2%s series A——1992
Wheeling Steel 3%s series G
.1970
7 102%
80%
97
^
Af-N
7
.1966 L
-
!
87
;
7'-
m-n
Western Maryland 1st mtge 4s_i^_1952
Western Pacific 4yas inc A__-Jan2014-
|
'
Apr 7;
Apr ;
-
101
—
ms
99
A
_2361-
Wilson
ms
98
101
100A;i%
94%
7
♦104% 107
A-O
__1967
3%s series I
Registered
ms
ms
*100 s'a
J-J
Gen 6c ref M
83%
i„:
•
,
West Shore 1st 4s guaranteed-.
/ *
210
98% 100
.87
105
105%
98 '7
103
108%
mtge 4s inc series A
Jan 1981"
mtge inc 4%a series B__Jan 1991 ■
Wheeling & Lake Erie
Af-N
97%
103
108
Co—
Western Union Telegraph Co—
Funding 6c real estate 4%s_>
99% 100
Af-S
Af-S
1995
:
105
105%
,
RR
West Penn
V
:
104%
142'
215
*
—
A-O
Warren RR 1st ref gtd gold 3%s__2000
Washington Terminal 2%8 Ber A__1970
Westchester Ltg 5s stpd Rtd.
i.1950
19
103
*104% 105%
142% 142%
'
4
106
1978
1958
.
,
19
"A *105% 109
■:'
'-Li
■
1
100
105
--
15 y4
♦-*
.
*100%
-.1963,
:
1st mtge 3V4S series B
1971
Walker (Hiram) G 6c W 2%s debs. 1966
Walworth Co conv debentures 3%S4.1976 v
Ward Baking Co—
*
'"
..
*'
■
7
5'/2S debs (subordinated)
1970
V
,
1975
3s series F.
5s
cons
Gen
'■<-
•
j-j
*99%
*---
'
..
'h.i. •V;r"'
Af-N
-
117
-100%
Af-N
.
}
100
116
•; *106% '4.
J-J
v
100
II
2%s series E
debentures.:
f-a
1957
-7
si
v.
* 105 Vi 105
7
—1964
100%
'
88
-_7,J
"7*118%
1955
Co—
Virginian Ry 3s series B
::
f .t w
,
.,
P-A
.
102
—"V",7 *117
■; •: ••
J-J
;
7 *^j
'
av'7- 7
J-D
.
-1983
x5.i^5tl f°H 58 861,168 A~~
S!fS^U?'lst
100 7/s
96%
"
81%
'
F-A
j-d
-
-1966
-1957
i.l
J-D
-1956
—
98'/a
{
98 Va
Af-S
Iron Coal & Coke 1st gold 5s__1949
Va 6c Southwest 1st gtd 5s_—2003
7
-1948: '
—_
ser A
7
103%
92
-
,
A-O
1959
4
3%s debs
i
98 y8
101
88
79%
;/
conv
Wabash
-1964
1st 4s bond
certificates
2d 4s inc bond ctfs
23
100% 100%
1966
Va
1st
86
87
103 %
3 V8s
«*
89%
A-O
i
t
I
87%
101%
V:S-
A-O
109%
84%
j-j
-1977
5s__
100% 100%
F-Av':
96 7'
10" rf
—1991
f 4s series B
1st & ref mtge
1st & ref mtge
'S i
109
103
101% 101%
-1977
3S series A
--.777
__
i
110% 112%
103
M-N
1959
—
*98%
102% 103 %
RR—
debentures
mtge
109% 109 Va
102%
103
87
i960
3'/is
3s deb
United Biscuit 2%s debs
U S Rubber 2%s debs
•
101%
109
87
1958
1
deb
Pacific
2%s
13
3%s
trust 2%s
debentures
Union
.
V
of Mo
6c coll
Oil of Calif
2%s
101%;?;
97
Electric Co
mtge
Union
2%s
o*^2n? ™tgeinc 4Vis
—,
J-D
1960
Jan 1960
.
St
*99
105
Union
:
98
11%
107% 109 %
.%•.
D_i.
Wr. A Adlr 181
L,
A-O
1990
-
Saguenay Power
-
1st gold 5s
<;
J-D
A-O
i
-1974
Elec
43
7' &r-
'
♦114% 117
K-O
M-N
2000
Pacific
Trenton Gas 6c Elec
(
8%
1
A-O
.
6c
-
!
105%
II
m
1975
Public Service Elec & Gas
3%s
-1968
1st As ref
mtge 3s—_
-1972
l«t 6c ref mtge 5
~ -2037
1st 6c ref
mtge 8s
-2037
*
97%
Tri-Continental Corp 2%s debs_
r
II
I
1970
—
'
98
97
A*
—
1975
1st mortgage 3s_
tAProvidence Securities 4s
tAProvldence. Terminal 4s_
Rochester Gas
••.'v:
94
98
'7
7
11
'''' ''
7.
3'As series B
Tol & Ohio Cent ref 6c
1
23
2
14
1965
Quaker Oats 2%s deb_i.i^
Orleans
M
Ave Ry 1st ref 4s
AAdj income 5s
106
33
•
m
Coal—
mtge
New
ref
Virginia Electric & Power
7
1st mortgage 3Vis
&
6c
Term
RR—
mtge 5s series A./—
APittston Co 5 Vis inc
Potomac Elec Pwr 1st
15'
V
,
♦104%
1st gen 4Vis series
.-
104'/4;
93 %
Texas Pacific-Missouri Pacific—
101% ;7
97%
103
•113
„
—2019
Third
105
23
~i
V-
♦104
1st gen 6s series B
1st gen 5e series C
v
106
102%
♦101
1957
Pitts Youngstown 6c
Ashtabula Ry
1st gen 4s series A——j
'
T
8%.
*95%:
1949
1st mtge 4Vis series B—L_:
1st mtge 4%s series
C——_
.
f%
1953
6c West Virginia Ry—
1st mtge 4Vis series
A——
a
18%
M 4s series C
Universal Pictures
Pittsburgh
:
7
84
99
imp
1st gold 5s
Gen 6c ref M 37/8s series E
63%
7 7
101% 101%
J-D
Ry—
mtge 3Va8-1964
;
101%
V
F-A
Louis
103%
of St Louis—
&
Texas
100 %
103
6c
1st
;
59%
28
lCVi'llVi
F-K
Af-N
debentures
7
98
P-A
-Pittsburgh Consolidation
100%
78%
2
51%
93%
111%
17
;:7:
97
108%
15
95
51%
;i'.'
—
J-J
94%
107%
'-'i'•'••;
•
*102
J-J
-1972
debs
1st & ref M 3%s series C
|
97%
4
99Vi
58
j-j
•
Gen mtge 5s series B_
Gen mtge 3%s series
E_—
Pittsb Coke 6c Chem 1st
3Vis
"99
-
i960
& St
—7:
F-A
116%
91 %
105
20 ^
7
„
94%
Af-N
.1971
'•
-7-i'
100 Vi
—1963
series
100%
94
18
100% 100%
100Vi 101 %
■
H
Pgh Cine Chic
94 7
VI,;;
J 09 Va 10. %
106% 107%
■'
4%s series I
4s
.}
111
83
•;•'•:'.7?
> 107%
J-D
—1937
Cons gtd 4Vis
series J
Gen
■;; -tr
.
deposit
6c St Louis
Cons gtd 3%s series E
Cons gtd 4s series F—
Cons gtd 4s series G
deb 2%s
.1966
Texas
'7
122
'777
101 % 101%
M-JV
198I
;
4s
Pgh Cine Chic
Cons
J)
?
105%
.7.:'8
63 %
21
115'/4
60
84
21
101%
*115% 121
M-N
Phillips Petroleum 2%s debs—
1964
Pittsburg Bessemer & L Erie 2%s__1996
>
Calif 2%s debs_ .-1966
imp 27/as series D
1985
Texas Corp 3s deb——1965
112
104%
-
*103%
J-D
1974
i1st
Apr
of
95
93
112
133
103% 104 %s
—
A-O
82%
90
22
108'% 110
♦103%
86
76%
33
93%
105% 107
.
J-J
2%s debs_. 1985
(N
Ref
7.99 Bi
;:-7 • 16
83
21
J-J
1967
2%s
Tel
Oil
1st
234s
ref
-1951
Bell
Spokane Internat 1st gold 4%s .2013
Terminal RR Assn
10013
99%
99 Va 100V4
101%
7
Co—
2%s
6c
109%
J-J
80
:•
'
—1971
tlAPhllippine Ry
A-O
.1996
95%
,sI
2%8
1st 8c
v
8
99 3i
27
111
63
J-J"
1961
-1961
ref
100 y«
'140
98% 100'/2
F-A
6c
101%
•77.
.
98% 100%
84
Af-S
.
i
;
iooy»
77V 7:7-
99 U
109
P-A
1st
.1950
113% 114
92%
97%
101 y2
103%
97%
9931
23
106%
98%
6
*
115%
103% 105%
100%
Apr
v
1980
'
102%
13
'7V
115
A-O
1974
1st 6c ref
f
,,7 l<-' 115
105%
■
J-J
1952
mtge 3%s series P
6c Eastern 4s ext__.
Income 4s
Apr
Peoria 6c Pekin Union
Ry 5%s
Pere Marquette Ry 3%s ser D
'
106%
Sunray Oil Corp 27/8s debs
20
100'A
99 3i
111
General gold 4'/2s series C
Co coll tr 4'/»s
•
99iJ
P-A
Phila Bait 6c Wash RR CoGeneral 5s series B
:
77 77
m-n
J-D
1984
,
A
Electric
93%
A-O
Standard
49
103 »/4
100% 101% V
99 n
1981
D—
Gen
Philadelphia
Philadelphia
A
102%
35%
7;.;:1
77:
—
100
1968
Peoria
\
101 %
1960
Gen mtge 4%s series E
Conv
deb
3%s
!
A-O
1956
Southwestern
m ^
33
104
*103%
I-
—
1965
—_
Bi
series
4%s
103%
■V'
J-J
1956
St Louis Div 1st gold 4s
96%
102%
1994
Memphis Div 1st gold 5s
94 y*
102%
48
cons gold 5s_
Devel & gen 4s series A.
Devel & gen 6s series A_
Devel & gen 6%s series
99%
94%
9
;
Southern Ry 1st
93
91%
'
14
■
102 '/a
94%
97
^
86
102%
99%
—
84
100
87%
84%
100
—
86
96 y2
82%
92%
'
7..
J-J
A ,;.•" 5:
45%
91II
J-J
Swift 6c Co 2%s
m-n
1948
A_
114
♦101
94%
78%
;•
•
96
95%
J-J
"
41
A-O
.1948
1948
series
97%
94
J-D
Ref
stamped dollar
fund 4'/2s
96%
94%
1961
*.
4s
4%s
'
A-O
1965
sinking
General
J-D
1975
Pennsylvania RR—
4s
3%s—1960
Light Co—
debentures
99% 100
97
Af-N
1986
'
Sand
99%
Af-N
1981
—1996
•7
104
*"7
si y8
1969
—
101%
95 %
2%s series E
•
102 % 102%
A-O
1952
9iy0
Af-8
Standard Oil
—I960
ctfs
: 80%
81%
San Pr Term 1st mtg 3%s ser A.1975
Pacific RR Co—
-
debs__;
Co—
Gtd 48 series E trust
98%
7
94 %
1st mtge 2%s series P
1st mtge 2%s series G
Pennsylvania
'
94 Vi
♦95% 101
J-J
1977
94%
124
2
102 Va
.
*104
m-a
P-A
J-J
1994
33%
100'/4
124
.101% 101'%
103%
?6%
A-O
1986
__
vb
28 ya
97 Va
94%
'ft;
J-J
.1987
95%
91%
100
94%
103%
14
94
100
94%
100
99%
S3%
100
71%
94%
92%
100
•
41
99
93%
i
61%
33%
Southern
108%
High
101%
92%
33%
1st mtge
98
99''8
71 y8
95 %
95 '/4
100 Va
96%
•
J-D
_
1st
inc
■
■
J-D
debs
Paterson & Passaic G & E
conv
J-D
1980
debentures
3%s
J-D
1981
66%
94%
4
102%
1977
Low
98%
26
102%
♦102
3
101% 102%
j-d
3 Vis debentures
Paducah & 111
103% 103 V2
102% 103 %
j-d
P
debentures
107%
„
1974
N
2%s series
ret 2%s series
Tel
27/8s
series
-
——1979
L__
1st 6c ret 3s series M
1st
*106
Range Since
January 1
■
No.
•
debentures
Gold 4 Vis
Electric Co—
6c
Sold
100%
♦94%
J-D
1985
Southern Indiana Ry 2%s
Southern Pacific Co—
i
105
Bonda
High
A-O
_1979
2%s debentures
,
69'%
95
J-J
1965
1976
Gold 4 Vis
Gas
Friday's
Bid & Asked
100
J-D
1963
debentures
3s
100%
J-J V
Southern Bell Tel & Tel Co—
;
102
1st 4y2s
Pacific
.
■;
,
1st mtge 4s series A
98
95'/a
♦95% 101
or
Sale Price
Low
Shell Union Oil 2%s debs
1st mtge 2%s
Week's Raagw
Last
Period
.
High
Seaboard
1974
1975
2%s
York
New
,
Friday
Interest
BONDS
January I
Power Co—
mtge
23
Range Since
Sold
,
1948
RECORD
APRIL
*.
Friday's
or
Sale Price
Low
North?
ENDED
Monday, April 26,
Week's Range
Friday —
BONDS
WEEK
FOR
CHRONICLE
FINANCIAL
BOND
YORK
RANGE
New York
&
COMMERCIAL
•
the
Number 4693
Volume 167
commercial
&
financial
chronicle
(1829) -m
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
and deferred delivery sales are disregarded in the week's range unless they are the only transactions of the
week, and when selling outside the regular
footnote in the week in which they occur. No account is taken of such sales in computing the range for the year.
,
b
NOTICE—Cash
in
a
following extensive list we furnish
In the
complete record of the transactions
a
the New York
on
weeki*
April 17, and ending the current Friday, April 23. It is compiled from daily reports of the Curb Exchange itself, and is intended to include
whether stock or bond, in which any dealings have occurred during the current year.
RANGE
\
"
Friday
,
j
Sale Price
WEEK
ENDED
APRIL
Friday
for Week
of Prices
STOCKS—
y
Range Since January 1
Shares
New
York
Curb
-
Exchange
Week's
Last
Par
:'
Low
Acme
Acme
Wire
Co
Supply Mfg capital stock,
Aero
Air
Investors
(N
Inc
Associates
2%
1,600
4% Mar
7l/2
2%
2,400
1%
2
200
3%
3% Mar
31%
Jan
British-American
5% Mar
Jan
1,300
xll% Mar
9
600
6 % Mar
:
—
—
—
—
—
__
14
Shares
dep rets ord bearer
preferred
10,
36
'-IV4
-A 1%
*3 - .3; "■
50c
preferred—•—>——10
§Aireon Mfg Corp common—
60c convertible
Air-Way Electric Appliance—
Alabama
Great
Alabama
Power
4.20%
50
,—100
Alles
dep rets ord
.—£1
British
Celanese
reg.—
Jan
Internat
Investing Corp—„—1
Allied Products
Altorfer
Aluminum
(Mich)
Co
—
Aluminum
200
'
6 "
64%
50
94 y4
23
11,
45
46%
*
Aluminum Ltd new common
500
23
;:7;7 300
12%
1,600
]:
'
Bunker Hill
Burd
Jan
'I
Burma Corp Amer
Apr
K
36
5,900
American
Bantam Car
American
American
Beverage
Book Co
American
ri
Cities
1
Co—
1%
.: 1
——100
&
Power
Light—
;
87
;
96
"
25
,-
Butler (PH)
American General Corp common
convertible
$2
46%
36%
109
110%
2%
a
4 2%
36
37
-•39%
16%
36%
39%
17'
American
90
V\ 7
Jan
..
,;311 7
16%
30%
31
15%
17
31%
31%
31%
35 %
-—25
33
25
200
.
15%
Bread
Apr
v:
P'eb
!
Apr
!
Canadian
5
7,-7 Convertible
i A
2%
40
43%
18%
Apr
32%
Apr
31% Mar
American Mfg Co common—
American Meter Co
:
American
.
Jan
6%%
22%
——i——*
'
40
42r
>
800
:42
34%
*
35%
■<34%
35%
35%
Republics--——10
American Seal-Kap common—2
Amer Superpower Corp com——10c
23%
Feb
3
17%
:
1,200
7
■
77"
■
$6 series-' preferred-1
Thread
American
5 Vo
24%
Feb
5
Canners
Ltd
-
:7 4%
3'%.: ,4%
'
7 1,100
23
Jan
17% Mar
1
ll
:
51
Jan
367
36%
Jan -j
25
Jan fjj
■v.
7%
7
7%
2
7%
Feb
9
6%
Feb
8Vi Jftn
Feb
6
16
600
3%
Jan
12%
6,800
8%
Feb
12%
98 %
Jan
103%
4%
Feb
5%
Jan
4%
Feb
V/2
Apr
4%
Feb
,7%
Apr
10%
Apr
10%
!•
7
—£1
Associated Laundries of America—•
Associated Tel & Tel class A_
r~*~*
Jan
.
.
10%
v
3,200
16,400
'7%
107,500
10%
6%
X5%
7%
5%
6%
112;
1,700
Apr
Jan
17%
;
7 •' 4
,
:.
Jan
7
\
io
:.
112
17%
-
7
Feb
112
2,200
.10%
.12%
13%
Feb
8%
4%
AlbQ
4%
^
4%
Atlas
.<••.
:
Jan r ;
Mar
7,6% Feb
<
Avery <B F*
''':
.
5%
Machine.'.—'ACh*—
& Sons common
5%
9
Apr
52
Apr
7
ft
Apr
f
Apr
;
'
Mar
58
<29% x30%
7 2,600
5
.
24%
1,100
,5*/r ..5%.
.
i 14%.
.
3% Feb.
25,700
8
—5
A
'
4%
2% Mar
275
53
54%
5%
30%
;
Steel- Products InC————1
Automatic Voting
,
—1
Plywood Corp.,—i-i--—i
Automatic
■
:
.14% A14 %
Feb
19
1&77
6%
Feb;
15%
1,200
,
7^: x30%\ Apr >
Apr
:
25%, Jan
4
Feb
•
"■
19
I
Apr
-
7 %'
Rubber Co
Baldwin
American
common.
*
*
■
•
(L)
tr Co common!...
■'&" i,
7^,900
..
-**5%
5%
16%
**5%
16%
5%
17,200
7
Apr,
'-t'
15
13
14
25%
•15%
._1
>;
3
140%
b%
25
^
1%
—
A
-2.50
3%
Feb
16%
Apr'|
x
Feb
100
A
2
9,000
42
9%
Feb ' f
14'% Mar
liy4
Apr ;
10
Jan
8%
500
49%
48
6
Jan
53
Apr
ya Jan
3%
.4,300
,
Apr *;
Jan
'
Jan '
f
4% Mar
,
270
-4%
Apr; ?
Jan •'
10
Jan
108
4%
2
42 ya
Feb
Mar
35
600
5
48%
1%
700
9%
.!
5
•:,.
110y»
6%
Apr
Jan
-A1' '
•
.2s 6d
Amer dep rets B ord—.——^
—1
x5% Mar
x5% Mar
;.A5%
5%
75%
1,700
7%
5% Mar
HZ 10
31
Mar
'r~l
79
79
,
18
18
.18%
200
16%
83
Apr
9%
22,800
"8%
Feb
'
»77%
2,800
8%
•'
V
81
74% Mar
80
Jan
l*
•
"
80%
Jan'*
Mar ?
38
Jan
6
"7%
—-1
3
■
'
16
7
Jan
;i
^
Apr7
.Jan
19
Feb
16
15% : i6%
/
450
13
64%
A A 290
54
14%
J JSOO
7
139% J41%
7
6%
A17%; Apr
6
a >
12
11%
200
."7,000
8%;;:
Aa
7%
12
22%
'
Feb
Jan;*
15
*
Apr A,
Jan 7
13Va
«
51/4.
j
<
Apr;]7
8% Jan
Jan :
13
Mar
1,425
20% Mar
25% Jan
575,
54
Apr
70
16%
56%
A
57%
16%
225
15% Mar
18
7-7
77
6%
•
T-5
13%
23
17%
Clark Controller Co.-—s—-'-j.—I r
1 ;
2% 'v
•
—1
;}■ 2%7
4
.
1%
5%
Jan
13%
*
,
;
%
9%
100
■-
l%-2%.
7 8% b 8%.
48%
Apr* 7
Apr:! !
13%. Apr^i,
Apr;
_
11
Feb
.7-
550
14
•
/
Feb
|fI ■
<11 lA Apr
i 0 2%- Apr
:•
1% Feb
1% Feb
15,200 yA*
:AV 200
AA'7% Mar
5,200
.
46
24
1,800
i:
Jan
2
10% Jan' ®'"'
.
'•
Jan
fi
43%
i t
" ^
1%-
Feb
ll»/4Mar
600
;
•
6%-Apr :.
■
i/;
Feb
31%
62,000 A
Jan i
Apr !
7%
-
it
;
Jan^
-
i_-
16% '17%.
7 2%
2%
43%
•
Jan '
5%
6,200
.
49%10
f,,
-700
200
l-l Vb
6%
13
■7-7
-
-
u*y~
10
_10
•
46%
Feb
At>r v'
\
7'%
Jan
5%
5, 'A.'*
5%
17,400
Airlines——1
7%
7
7%
4,400
6%
j Colonial Sand & Stone Co——---1
6%
6
6%
6
Apr
4%
4%
1,900
5,200
3%
Feb
34% A 38%
4,250
29 %
Feb
Colorado Fuel & Iron warrants—-
32% Mar
-i
..
125% Mar
-V
.
'7
34%
Commodore
Hotel
A' Community Public
'4% '
—1
Inc
.
•f
Compo Shoe Machinery—
•;
,10%
Apr ;
Apr >
Jan
22
Apr
.,,33
Jan
A ;
"7!
7 A1';
*
7%
64 /
111
111%
100
4% preferred series C
100
7 Consolidated Gas Utilities.-—-----i-l
Consolidated Mining & Smelt Ltd——5
Consolidated Royalty Oil-———10
7'' 8%
•"9% '
111%:
Feb
4%
Jan
38%
,
Apr
Jan
5
y. Feb
7- 3% 1;
34%,
s7
A
Jan
t
Jan
28
7
3% /
107% Mar
4
^
63% Mar
70
'
;
.7 8% Apr 7
Feb
1,900
,
94%
7,400
lOO'A
Feb
8»/a
Jan
A
70.''Haiti;
7 111% Apr:
.103
Jan ;
\7-..9% Ape
,
94%
72% Feb
4,325
4
2% Mar
15,900
34%
33
6%
650
.*
f A 170
8% " ■ 9%
89%
92%
Consolidated Steel Corp common—*
7ya
25% Mar 7
250
Apr
8% Mar
ft Jan
39,500
"
'65%
102% 103
•h
-
7% 5
65%
——
4
4,600
V-
-'-r
r
;7
1956——i-j———1
E L P Bait common
4% %i series B preferred—
Jan
18
Vtc ext to
4%;; 4%
V«
I
27% A 27%
Service—-——-25
;
', Consol G
Jan,
3%
142
,
,
'
4%
25
Colt's Manufacturing Co
A',
4
1
Jan
{ /■'•■•■
717
8% Mar
,19
Jan
Development ordinary
Apr
5%
Jan
Colon
Colonial
,
13% Mar t
6
420
J.
10
7% Feb
3% Feb
common————*
Cockshutt Plow Co
29%
1,000
34%
Feb
Apr
Apr
Apr
"
Bickford'J
■
Inc
'
Blauner's
1'U
200
8%
500
8%
3%
Blumenthai
7
16%
L%
Corp common—-——1
Blum (Phihp)
,
16 Va
common—-.3
Blue Ridge
Bohack
——1
Fdry & Mach Co com_*
common——.
Birdsboro Steel
& Co Inc
(S)
IHC)
Scrymser
Bourjois Inc—
Traction
Brazilian
Breeze
Corp
_25
Light & Power—
common—
——
Brillo Mfg. Co common
Class
—
footnotes
136
26%
35
page 37.
2%
8%
117
i
24%
^
,
26 %
•
15%
1
10%
10%
•40
7.;
16%
11 V 7:
: 220
ij%;
;
14%"
714%
12%.
is 77
.
125
Mar
Jan
<
Jan
Apr
27%
11
-—r0
16% Mar
Feb
14%
23
Apr
t
Apr
16
Feb
liy8
Feb
34
'
14
V2
-
_
11
10%
100
21,950
83/4
Inc
——-—
Reynolds common———1 ' A,
preferred class A——
common
-1
f/o convertible preferred——50
4%
v
i7ff Feb
5
Feb A
'400
3%
13y8
Jan
Jan
8%
6%
61.000
4%
t
53
49
c
54
1,950
43
16,700
Courtaulds Ltd—
r
American
Creole
Croft
dep receipts (ord
:
Petroleum—
Brewing Co
reg) —£1
——5
—
1
46
4%
,
—
47%
1%
45%
1 V«
1%
2,600
37%
1
Mar
Feb
s
„
j.
;
4% Mar
Feb
800
Apr
Jan
11% Jan
Feb
14%
4%;. 4%
14
8
Jan •;
,2% Jan
14.
%
Feb
10
27/8 Jan
13% Jan
40
2% Mar
.
3,500
1,800
.
30 + Mar
50
2%
2%
11
%
11
$1
■
Jan
712%
Feb;.
2%
1,900
•13%
Cosden Petroleum
,11% Mar
Feb
2,200
34
Corroon &
Jan
8%
*.
Coro
Jan
Apr
22
2%
13%
...
•
24%
8%
7oo
200
t'43
13% Mar
1,400
a.
1
2%
12%.
"2%
common———-1
Copper Range Co._
*
Cornucopia Gold Mines————5c
! Cooper Brewing Co
'
2%
13%
7
Corp-———1
Machine Co——i
Cook Paint & Varnish Co——*
17% Mar
Jan
Car-Na-Var
i Continental Fdy &
Apr
Apr',;.
9%
5,200
•'
12%
113
"
100
t.
8%
79%
33 % Mar
100
Apr
Continental
•
3%
;
Feb
8% Mar
2,000
v
"
16
T'_*
Feb
6% Mar
450
10
—*1''
:.V
10
•
see
•7
7%
14,000
•
A
For
9
35
,*
Bridgeport Gas Light Co—
Bridgeport Oil Co.
'
3%
Mar
"'17%' Jan
—100
Co.
..
~8%
—
Co common————*
1st preferred
Borne,
8%
2%
16%
1-
—
& Co common.
7%
.
„
7
Jan
55%
23
1%
7 Clarostat Mfg CO—*——
:
7 Claude Neon Inc common--
7;
300
r
16%
3% Feb
78% 7
'
73
10% Mar
5%
45%
;
Jari
17
,
,-
Feb
100
5
51/4
::8%t
«Jan '•
V
At>r'<"
2,200
v
15
11%
11%
7
America———2.50
Auto Stamping
,
-
1%
City
Jan
10 Vo Mar
-Feb
66
12% Feb
common——. —1
City & Suburban Homes—--—-.
85 y4
«
Feb
66
47%
;
14% Mar ,7;
A' l%,,Jan a*
300
/
,
9%
"9%
Commonwealth & Southern warrants—/
710% Mar, 7
•
:
11%
39%
9%
Chief Consolidated Mining——— „1
^10
7 Cities Service common
Jan
Jan
5%
Feb
Jan
5%
Inc_-_i——---^1
is Hedges common
Convertible preferred
'.
5%
1,000
■"
Bell Tel of Canadai.____i__v——^-100
"Benson
1%
41
..
ilH&v'f
11
Jan
;;i4%.Mar 7/
300;
'
5%,;
13
.1 ^
(AS),Shoe Corp__i__-__'—
•
12%
Mar
7 Charts Corp common
——10
A Cherry-Burrell
common—5
Chesebrough Mfg common
—10.
7 Chicago Rivet & Mach———
i——4
Qhlcago & Southern: Air Lines——4—*
Voting trust ctfs————7—-7/
1
ivBellanca Aircraft commoni7"i—iw.l
7;
36
Mar
9
7';v'
V.BCnrus Watch Co
:
•■1
' Jan
34
Beau-Brummel Ties common.:....—1
Beck
!
Jan t;';
Apr
20
Jan
xl4V2 Mar
'(>■
11 %
Central Maine Power Co—
A ;
—100
3.50% preferred-—
1
,77 Central Ohio Steel Products—
Central Power & Light 4% pfd— —100
—5"
7
Central & South West Corp
•
1
•'
"
2,700
58
10%
1
Baumann
45
i
Ba sic, Refractories
18
Feb
3%
2% Mar
'
250
7
shares.—
! Barium Steel Corp
Barlowik. Seellg Mfg—
<
* '
ft' $1.20 convertible A common—5
;■
.
58
7"
9% \ "9%
preferred
Banco de los Andes—
v,
•7
57
——.
Locomotive—
Baldwin
--7.
7 Clinchfield Coal Corp common—t—20
A Club Aluminum Products Co
—*
B
;
Jan ; i
8
16 % Apr
;; Clayton & Lambert Mfg
7.777;
BabcockWilcox Co
1,100
v
,,i.A
|
77777
.
Jan.
7%
3% Feb
1
;—
Carreras .Ltd—
;
','7 A
.
24%
19
-r-
J6% Feb,? j# 4 8 (r, Apr ?■■■•'
10% Mar
; 15% Jan
j
2QD
,
O 72
.
•;? 4% Jan;
.
600
7% ^v,8
:,vv 67e
preferred—25
Ayrshire Collieries Corp com
3
7
12% Feb
■
'
—
'/
Ap?
2V2
Feb
6% Mar
Power & Light $5 pfd—,
Cessna Aircraft Co
1%
9,400
58 i
50.
———:
Corp. warrants--1
7 •
1,700
19%
Apr
-Feb
.-5,100
%
Atlantic Coast Line C<x.
Atlas
11%
,
Jan
20
-
Jan
•
•/.;
;7%
...19%
'
8%
300
:
Feb
—20.
;
6% Apr
200
7
f
.Fisheries—-——1,-1"
3%
31,200
2% ■;}. 3
19%
SCentral States Elec 6 % preferred. -100
A7A7 '%%'■> preferred—: '4^-7-. -100
a.■ Conv pfd opt div ser_;—■—j---* -100
-100
Conv pfd opt div ser 1929—
—10
Century Electric Co common
Jan
,113
Feb
36,300
20
XGVa
; 7 .Rights w
7% •
K3
—
'
11%,-12%
,
19%
American dep rets reg
Atlantic Coast
.:
11%
Jan
7
Associated Electric Industries—
-
Apr
'
Carnation Co common
Chamberlin Co of
!•
Jan
12%
2% Mar
—
Apr
220
7%
12%
»
\
,-100
.7 Catalin Corp of America
'
-■
3%
Feb
77777
7
voting——---7——
s, Carter (J W) Co new common—
/ Casco Products common
Castle (AM) & Co—
Feb *
100% 101%
10%
2% Mar
!6%
I
Jan
400
f
3,000
12%
7% A/:.
,
Carr-Consolidated Biscuit Co_—.
7- f;'
'}■
• A'~ " t •••> ■' fAi:
7
Jan
300
7%
—
5
3%
5%
-
■4:.
54
Apr
.
2Vi
non-voting———
| Carolina
Mar'- fa]
Apr i
„
Feb
4%
16%:
3% ;
11%
,
7%
11%
101%
Arkansas Natural Gas common——*
.
.
16%
3%
Apex-Elec Manufacturing Co——
1
Appalachian Elec Pwr.4% % pfd—.—100
V ' Common class A non-voting
♦
V':"v 6r/o : preferred-^.
10 7
/"/Arkansas Power & Light $7 pfd——* ;■>
,,Aro Equipment Corp—2,507
Ashland Oil & Refining Co.,
—1
1
.42%
4,900
3%
7%
Angerman Co Inc common
1
Anglo-Iranian Oil Co, Ltd—
Amer dep rets ord reg>_—£1
Angostura-Wupperman
——-7-177
.
% Mar„
v
*
"
—1
preferred-————
Carman & Co
»
1
.
4% Mar '.iff
1,000
;
7%
Anctipr Post Products—.——
7
Feb
700
4%
7
Jan
Feb
3
2%
9%
Carey Baxter & Kennedy Inc—. 7—i
l-
Feb
5%
4%
American Writing Paper common.—-5
..
24,400
54
48
52%
——■ •
preferred—5
;
,
Mar
v:v:"
f:
%
common-,.
preferred——
Canadian
Marconi
Capital City Products——
Apr
Feb
18% Mar
11 Jan
24,000
common—
preference,—'
Class A
31
10,600
'22%'
Feb
%
;
,
1
Class B
"
American
j
t ?
'
i;;; Canadian Industries Ltd—-7'7s.V..
,
X30
,
Apr
13% Mar
Canadian Industrial Alcohol—
•
38
75
2,400 :
22
:
i,
j.
32% Jan
14%
102,200
22%
21%
Potash & Chem class A——*
B——.——
800
v
4%
5
American Metal Products Co—.—--2
■■.l;.y' Class
17
16%
25
American Maracaibo Co-—————_1
Jan
May
Mar
2%
—5
7%
I
11%
16
Co Ltd——__A.
ff Canada Cement Co Ltd
Jan
17%
•
Jan
Feb
Feb
29
6.000
■.O'rfiCO;:
Canada
Jan
Mar
;
10% Mar
—1
-.7
Insurance
187/8
Apr
16
1,100
6,400
„£1
pfd-
Power—
Tungsten Corp_.
Camden Fire
37%
Jan
.39%
i,
Electric
111%
Feb
'Apr
1% Feb:
V.
dep rets 5%
Calamba Sugar Estate
31
11%
Wireless—
&
California
16 % Mar
V
25c
Cable Electric Products common— -50c
Cables
Jan
5 Vb Mar
.;
22
"n
i
Jan
Mar ,v;';
Jan
17% Mar ;;
20'/a
;a.. c
Apr
Jan
109
600
Mach——-—20
—
■
350
39%
American Light & Trac common——25
preferred—
2%
'
•
9,200
275
1.730
;;
25
'
6%
!
310%
—-.1
preferred—
American Hard Rubber Co—.
American Laundry
18%
373'8
37%
; 37%
: 2,400
vi 1,400
6%
12 %c
common————
2%
83..
Jan
49 y»
7
43%
200
,
11
21%
dep rcts_^-> I—.:i7
% Mar .>i;: .>'■ 2%
*
9l/a
Feb
1,600
r
Jan ;
Jan
Jan
Callite
6
10c y
—1
preferred-—
$2.50 convertible
80
Feb
;
Apr
13
2.50
,Jani
13
,
"i'r;" Class B_——_—„—
1
j American Fork & Hoe common;—*
77 American Gas & Electric com10
!c
4%% preferred——1001
V
90
2y8
25%
Apr
1% Mar
3,700
common————1
Apr
Jan
Jan.;
i
*
8%
1%
16%
Piston,, Ring Co
Burry Biscuit Corp——
Mar
"H%
Apr
200
49
47%
Jan ' 1
2%
21%
Jan
5,600
25%
8%
49
*
& Sullivan,^—.
.1
6%
'
2
24
8%
---5
Buckeye Pipe Line—
64%
'Feb
24%
20
'■
17% Mar
22
Feb
9
1
1
Co common———1
22%
Mar1
22
"
25
Ltd
Apr
71
Feb
92%
95%
46
10,600
Apr
22%
Apr
13% Jan ■«;
12% Feb "
Apr
2 %
Jan
' "Apr
4%
Mar
—
Brown Rubber Co common——.
•
93 % Mar
Apr
'
64%
95%
6%
93
14
__
12%
Mills
7'17% Mar
7.'/M00
,,
100
preferred—
(EL)
Jan
;
7:\.—•/.
,22%
■:< 61
Bruce
Jan
6
100
J
3"%
Jan
2%
10%
200
1%
;:
Feb""
87
1,200
100
2%
22%
Brown Forman Distillers——.
Feb
79
—
Goods
Aluminum
"
4
Mfg_——_—-—_*
Industries common
*
cumulative
$3.75
22
:—/
*
common—*
America
of
—
—
common——5
common—-1--—
Bros
91 'A
6
__
5%
90
10%
2%
2%
Class B
Apr
1%. Jan j
20 %
Feb
10%
,-10s
High
15 % Mar
Ltd—
dep rets ord reg
f
Jan
2
1,200
93
91
3%
3%
—1
300
300
11
British Columbia Power class A—.
Apr
3%
Jan
Low
20%
Apr
36
Apr
%
3,300
G%
6
—
1
—
Fisher common—
&
Allied
pfd
.1%
3Is
.«
:,1%
93
.
Inc
Airlines
Alaska
6Va
.—3
Southern
—
20'A
.—£1
Bruck
Convertible
Range Since January 1
High
Tobacco—
Amer
9%
Feb
3
20%
Amer
Amer
14
13
8%
American
Low
Co
Apr
—
.
Oil
Mar
35
Jan
British
security
for Week
of Prices
Par
'
3 % Mar
2%
—
—2
common
7'/a
—
,14
"
1,200
—
6%
—
1
J)—
High
Mar
4%
.
—
6%
1
*
5
Agnew Surpass Shoe Stores—
Ainsworth Mfg common
:
Air
__
———.—1
'
2%
4%t
4%
'
10
common——j.
Hat Stores Inc
Adam
1
Alloys———.
Aluminum
Low
High
2Va
Saturdav'
Sales
Range
Sale Price
,
ACF-Brill Motors warrants—'
on
every
23
Sales
Week's
Range
Last
Exchange
York Curb
"New
.
' ;
STOCKS—
.
FOR
cv,n„„
«eemy range are shown
Curb Exchange for the week beginning
14% Mar
Apr
54
,
Apr
'4% Jari 7
Feb
48 Ya
Apr.
Feb
1%
Jan
•
ill
ut*UH*#nf
onvmatahkm
nwif^rrtiMa-miHftMiiiyMfiiiitiiiitiiiii Mlmni.iy>WT^iiN-i[W,,
kkMH-yau** }*
iWkWVMWft.1t
34
THE
(1830)
COMMERCIAL
NEW
&
CURB
YORK
4
Last
Crown
7%
s
7%
(Md)
Petrol
Cent
nil
*
partlc.
Crown Cork Internat'l "A"
$6
preferred
Cuban
3ft
2%
5%
5%
7%
650
3,100
700
3
Feb
Apr
Apr
8
Feb
.
Class
B—i.
3% Jan
3
Mar
3
1% Mar
•
Apr
Goodman Mfg
~100
102ft
20
27ft Mar
33
Jan
16% Mar
19%
Apr
Co—
Inc class A,—
Lighting Inc common—.—-2.
-5
Curtis Mfg Co (Mo)
.—.
—
Curtis
——~n
20
100% Mar
104'A
Jan
9
200
7ft Mar
9'A
Jan
5
100
4% Feb
9'A
Jan
15
150
13% Mar
16%
Jan
Great Atlantic ;$t; Pacific
147/«
Non-voting- common
"7%
——-—1
Davidson Brothers inc—.
Dayton Rubber Co class A—
35
Dejay Stores common———
50c
Dennison Mfg class A common———5
-100
Derby Oil Co common——
—8
Detroit Gasket & Manufacturing—— 1
Detroit Gray Iron Foundry—
I
10
23
Detroit Steel Products—
Tea^-
*
—*
50c
Raynolds class B„_—
Corp common
'"ji —
Domestic Credit Corp
140
Hall
Dominion Steel St Coal class B
•
Dominion Textile Co Ltd common
*
Jan
Hartford Electric Light———
Apr
Hartford
Jan
13 ft
Jan
5% Feb
6ft
Jan
Duke
Power
10%
300
—
?
7"
15 ft
Feb
11%
ClSlSS
Apr
A—
10%
Feb
Apr
300
65
Mar
73 ft
37
150
36
Jan
377/a
Apr
75 ft
175
74 ft Mar
__
4'A
4ft
1
*
300
4ft
14
—
14
100
100
I-
Eastern States Corp_
$7 preferred series
A——
$0 preferred series B—
Eastern Sugar Associates—
•
14%
12% Feb
Jan
preferred——_
225
•
10 ft
300
11%
11%
v 6
10,100
13ft
48,000
142 ft
310
6ft
2,300
5ft
:':v>
Horn
Inc
~2%
2,000
21
20%
21ft
4,500
.—50
44
44
44
Co common.--.—*4
St Hardart Baking Co————*
(GeoA)
&
preferred—
—-—
79 ft
75
,
734
7ft
13%
12 ft
1%
700
8
13%
l7/a
1,100
2
10,000
preferred———1
42ft
41
42 ft
1,000
Esquire Inc—
i
1
Eureka Corp Ltd——u-—
1
Eureka Pipe Line common—
—10
sft
8
8ft
900
1%
1%
lft
20,400
Feb
57
53%
Jan
3%
79 ft
Apr
Apr
13
Feb
56 ft
11%
Feb
13%
Apr
Feb
1
c
Brewing common—
Metallurgical
*
Fire -Association (Phila) ——10
First York Corp common——
10c
.
...
3ft
6ft
Feb
5
5
Feb
i
29
-
22 ft
Apr
42
Feb
46
Apr
Jan
98
;
Jan
Feb
2ft Mar
Feb
11
Feb
lft
41
Mar
$2 div
.
cum
preferred
(M H) Co—
5c to $1 Stores.——
6%
Feb
1
Apr
Jan
.
Apr
Amer
9ft
Jan
5
•
;
3%
Registered
*
—
Imperial Tobacco of Canada.
Imperial Tobacco of Great Britainv.
17
.__*
Jan
5ft
Preferred
—
.»*—.1
Fox (Peter)
Brewing—_•
—1.25
Franklin Simon ti Co Inc common—
1
4ft % conv preferred—
50
Fuller (Geo A) CO
.5
20 ft
Apr
15 ft
Apr
Hydro-Electric^
52 ft
52
52 ft
46
Jan
2,700
2
Jan
100
34
Jan
3
2*/b
3
38%
33 ft
•4%
4%
200
21ft
21
21 ft
54 ft
lft
lft
8%
1%
8%
8ft
15
13
300
15%
7'A
4%
Apr
3
Apr
38%
Apr
17
..
31
10
.?
10%
Petroleum
shares.
coupon
Apr
1
"7%
Feb
Feb
7ft Mar
—2
Gellman Mfg Co common
14 ft
13 ft
14 ft
8,300
*
16 ft
16 ft
16y4
100
—100
87
87
—1
:*9
—:
Alloys Co
l._
*
General "Builders
Supply. Corp com—ll
5% conv preferred25
25
Mar
8ft Mar
4%
4
2
8%
General
Fifeprooflng
Outdoor
.1
*
commons
Adv
6ft
pfd
—100
General Phoenix
Corp
1
General Plywood Corp new com—50c
General Public Service $6 preferred—*
General Shareholdihgs
Corp com—
_1
$6 convertible preferred
Georgia PoWer $6 preferred—
$5
preferred
..
Preferred
,
Feb
50
23%
Jan
30%
3%
3%
St
Kokenge
3ft
4,600
3 ft
3%
—
87%
—
112
■mm
see
400
89
150
112
75
.
__
•
3 ft
19
—
..
page 37.
9ft
Jan
4
Jan
29%
32ft
-
Apr
40% Mar
Mar
'
9%
4
400
:
.
/
Jan
2%
Jan
Jan
/: 25
Feb
16 :
800
Jan
■■;Vw. 7%
:: 42ft
Apr
Feb
2%
Jan
5
Apr
32%
-
Jan
44
Apr
5%
V
200 f
-
4% Jan
12% Jan
Jan
41% Mar
25
200 •••
.400
Apr
80
Feb
3
100
1,200
Jan
35%
109
Feb
x65
10,400
Jan
148
3l% Mar
400
Apr
Apr
44% Jan
20%
105% Jan
10
25 ft
Jan
100
52%
Feb
r
28%. Mar
'
10ft Mar.
1,450;
,
j;
.56% Mar y
.16%-Jan /
!/
5%
Feb
12,500
11% Mar
14%
Apr
800
lift Mar
14
Apr
/Feb'-
--
;9ft Jan
2,200
;
r
>
957/b
"30
98'ft 100 ft
1,150
92%
13%
Feb
90ft
ll'A.Apr .r
-Mar y
96
Feb
IOO
i\
ti3%>Jan f
10% Mar
52'ft
23%
lift
137/»
"
shs—*
.h
r,
:
•
Feb:
101%
Apr
;
Feb
15
9ft Mar
12%
13%
7ft
,
-
Apr
Jan
2 %
i;
j
10'A Mar
Feb
y
/
1%. Jan
800
left
Jan
18%
4%
Jan
7'A
Apr
% Mar
1%
:
Jan
2,200
7 ft
lft
i
Jan p:
11%-Jan
,
iVa Feb
5,000
1%
Jan
-Jan
17
f* Mar
9Vi Mar
18
;
13
2,200
It.
,
24
2,100
lft
/Apr
Jan
9Vb Mar
300
1,600
13%
7 'A
1%
-
23%
20,000
11%
H7/«
,
51
128
Jan 11
58 ft
Mar
700
24
1%
17 ft
■
^
53 ft
; ^
...
1%
17'ft
7 ft
l'A "
1,500
•
9%
6ft
'■'■'i.- ?
.?
900
6
Feb
7'A
5,200
4%
Feb
Apr
4
6%
300
4 ft
Feb
6ft
5%
100
4%
Feb
21ft
25
20'A
Apr
8ft
Feb
; 5%
/;
21ft
——
Jan
7
6'A
•
6%
5%
6%
-
Kansas Gas & Electric 7%
pfd
'
7
'.
Apr?
Apr
5% Apr
25'A
Jan
35ft
J$n
105 ft
:
IncLww^-L—i-——--—'
——•
£
5
Kimberly-Clark Corp—
4Vi% preferred
i,
;
100
Kennedy's
Klein
(D Emil)
Kleinert
.
(IB)
Co common.,:
Rubber Co.
Knott Corp common
Kobacker
Stores
Apr
53A
5;
Jan
3ft Mar
':
11
15% Jan
:
123% Mar
125
Feb
1
16
100
lift Mar
16
Apr
16ft
16ft
100
15%
Feb
17
Mar
W/a
lift
900
101% 101%
70
99% Apr
10
45 ft
Feb
54
Mar f
37'A
Jan
40
T'Jan 1.
12% Mar
16
—
•
—10
—1
—-1
,
—.
,
64,500
1
*
Co
Kings Courity Lighting 1% pfd B_._100
5% preferred D
—100
King Seeley Corp.
1
Kingston Products.:
1
Kirby Petroleum..
—--1
Kirkland Lake G M Co Ltd—'
-1
Mar ?
Jan
0
16
10ft
1
-100
;
,
9'/* Jan
7'A Mar
lift
r
:
Jan
48ft
48ft
16
5
* 16
44%
1,500
-
4
3%
:
15,000
l'A
2,500
14'A; 15'A
20 ft
22'/8
750
.
•
14
Mar
lft Mar
12
15
f
.•
21 ft
8
■
'
-'t
7% ■
•
Mar
13
-
Mar
20ft
1,700
3
150
6%
;ll%
Jan
3ft Mar
3,200
4
*19'A
.
17 ft
18%
9
>.
103
p
Apr »
r Jan
~-*Apr
4'A
Jan •
19% Apr
v
li7« Jan
13%
Jan
16
Apr.
••
Apr
Feb
23 ft
Mar
17%
-.
Jan
8'A Jan /
Jan
7% Mar
95
2%
Feb
x9
Apr
—
Krueger Brewing Co—,—
;-'45' :.^15ft:;
1
14
300
Jan 7
Mar
100
Feb
3%
96ft
Jan
;
Apr
84 ft Mar
110
Mar
117
Jan
3ft
2,600
19 ft
150
—
__
—
29
29
100
107 ft
Apr
110 ft'
Feb
2 ft Mar
16
Jan
5
Jan
20
Apr
52 ft
Feb
54
Apr
11
Feb
12
15 ft
9%
7%
Laclede-Christy
Company
29
Apr
29
Apr
2ift
Feb
25%
Jan
25
24%
25%
1,800
20 ft
21
4,000
Jan
21%
Jan
15%
17%
3,300
14%
Feb
21%
Jan
13%
14
800
13%
Feb
14%
Jan
16%
_—
5
100
10%
9%
8%
8%
29%
15 ft
15 ft
—1
Lakey Foundry & Machine......L—1
Lamson Corp of Delaware^
.5
Lane Wells Co" common.—;——-.——1
Lagendorf United Bakeries cl A—__—*
xl4%
Feb
16
11%
4.400
9% Mar
9
4,700
6'A
Jan
9
8%
9
2,100
..7 ft
Feb
9
25ft'
30ft
5,300
.
■'
Jan*
Feb
Apr
'Apr/
30ft
Apr/
x25
Mar
28
Jan
22
Feb
24
Jan'
18%
Feb
Feb
22'A
20'A
Jan
f
Jan
?21
,
,
'
—
3ft
———2.50
Feb
■
3%
19 ft
Glenmore Distilleries class B———l
Inc—:
—5
For footnotes
25
8ft Mar
98
—
|
Gladding McBean & Co
.
2Vb Mar
4% Feb
9
10
:
7%
K
Apr
8
Jan
Feb
700
—
Globe-Union
,
10 ft
Feb
27
3%
.
Jan
2,300
55 ••55 'i12
A 13ft;
__
Co
Kalser-Frazer Corp,.
Apr
6% Mar
800
8
—
55%
140
52% '
*
_»
Apr
37/e
•
Gleaner Harvester Corp
Glen Aldeh Coal—
;
14 ft
Apr
4%
105 ft 105ft
—
_•
_•
Cd—
29 ft
Apr
X
■
preferred,——^
Lake Shore Mines Ltd—.,
—•
—__*
Giant Yellowknife Gold Mines
Gilbert (AC) common
Gilchrist
•
.
30
49%
Feb
Feb
i
Jan ;
16 ft
1% Mar
2,700
Apr
250
41%
.
12ft
87
1,000
2,600
7%
7%
40
''
Apr
7%
6%
Feb
43'ft
-13%
7% Mar
Apr;
8ft
6%
Apr
6ft
0
^r
-i..
Jeannette Glass Co common.
31
Feb
6% Mar
10
72'A
Apr
'
Jan
19
16ft
24 ft
:
Apr
Jan?;
Jan 1
84
300
Amer dep rets ord reg—£1
General Finance Corp common
5ft preferred seTies A____—
Feb
2%
24 ft
——
General Electric Co Ltd—
20
9
9ft
2ft
-
Apr
71
Feb
i
Apr
21ft
Jan
lift Mar
3,800
Jan
98 ft
J
5%-Jan
21ft
100
150
10%
Mar
9Y4
Mar
-
100'A
Feb
16% Jan
3,200
7%
30
V 10ft
7,300
Jun
Feb
96
80
14%
:■'"13%-:14 f.
.11%•
lift 41%
10
Royalty
1
Iron Firemkn Mfg voting trust ctfs—♦
Irving Air Chute
Italian Superpower Corp icom cl A—--*
Apr
18ft
3,500
Apt*
Apr
lift
3
:v
14
Investors
•
14% Mar
:
5
Key Co common..
Kidde (Walter) & Co
General
i
.
Feb
13%
12
10
-
3,900
50
$3.50 series—
Interstate Power $7
;
General
Feb
9% Mar
10'A Feb
400
Sftr
.
Kawneer
Gatineau Power Co common—
6% preferred..—.
10
125
7
11%
*
—
H%
International Products—t ,+13'/«
,13%
International Safety Razor B—--—,*
l'A
1V4
International Utilities common—,—5
10%'
10%
Julian
Gaffett Corp cdttimon——
3,300
10
Mar
51%
A ; v^,<
.'
IrelandL—f
Indianapolis Pwr & Light 4& pfd—100
94ft" ^ 94ft
international
Apr
Jan
—*
Brewing Co—
Jan
8
;v
39
76 ft
3%
11 ft
78%
i_
International Cigar Machinery—-—^*
Apr
Feb
Ford Motor
Fort Pitt
16 ft
1
—
6%
«i;
Apr
13% Mar
700
&
Insurance Co of North America.
Jan
3ft
£i •/?:>.
of France—
Amer dep rets bearer
8%
—
—
Ford Motor of Canada—
—
IVa Feb
Feb
107ft,l07ft
:
Class A non-voting—
Class B voting.Li
Jan
3,600
"" -43%
29 ft Mar
10%
,_i
dep rets ord reg
Feb
6%
Apr
4,400
""
Ford Motor Co Ltd—
1%
6ft
8CO
20%
,
Jan
2%
1,100
400
24
—
'
Jan
33,100
.
v
—
*
Jan
56% -Jan
3% Jan.
v
50
Imperial- Chemlcal'-Industrles*-1 ^I'v
Amer dep rets registered———£1
Imperial Oil (Canada) coppon
* .
-
Apr
2
44ft
8ft
5ft
1
;
—
Fishman
2% Mar
150
•
r1'.
Jan
13%
;
•
Feb
8%
6% Feb
14%
50
Apr
•
900
convertible preferred,—-—50
-55.
Illinois Zinc Co common—^-——*,; -12%
■
Apr
2%
15 ft
13 ft
v"
38ft
20%
5%
Apr
15
_
6% •Apr
Feb
Mar
50
100
2,500
Jan
9ft
Feb
5%
30
'
133^
Falstaff
Fansteel
13,000
7ft
IOO
500
^'Illlhols: Po^er-'Co^commoh^LU-i^LL*:
146 / Jan
.
17
;
Jan
9ft
126
Registered
12%
1
Apr
Feb
International
17
Jan
Apr
8%
50
28
—1
Jan
—
400
—
Apr
70
Feb
.
—100 :
Inc—i
(Harvey)
International Metal Industries A
Faifchild Camera St Instrument
Fairchild Engine & Airplane™
Jan
9%
104
200
39%
80
3%
Hussman
12%
12%
$2.25 preferred—.————--—-——*
.
^
41ft 41'ft
Common stock warrants————r.—
4%
4 -*
4%
Huyler's common_i_ft———
1 '•/5'ft- • 5%
1st conv preferfedi_L———__——1
32ft 33
Hydro-Electric Securities.
:
——* :
v 2ft
2ft
2ft
Hygfade Food Products—
—5
18ft 1
18
18ft
Jan
58
Mar
2ft Mar
—
.
Mfg Co—__——-5
Refrigerator Co common—*
Jan
92
2%
Apr
Mar;.
44'A
42'ft
•
—
Hurd'Lock &
Apr
85
Mar
19
~2~ft
-10
Emsco Derrick & Equipment
——5
Equity Corp common—————10c
convertible
55ft
53%
139 !
Empire District Electric 5% pfd——100
Empire Millwork Corp———
1
$3
55
525
1
—
4%
Feb
65 ft Mar
79 %
54ft
Electrographic Corp.——l
5%
3ft
100
om
105
99ft Mar
•
Jan
140
-
20%
Hormel
900
3,600
F6b
Jan
36ft Mar
>
-3% ;29%
Jan
4%
3% Feb
56
3%'
91
'
97%
71
7%
.
Horder's
10% Mar
———«
—
^
Jan
76
76 ft
13
«
:
76 ft Mar
14
ft
67
Electric Bond St Share common—_-_5
Electric Power & Light *7 2d pfd A—*
Inc
—
51ft
v ; BVa
Feb
76
3ft
lift
Elliott Co common———
97%
71
6ft
49ft
•'
—'
Holly Stores' Inc..—••3% ■■ -v '--3V4
Holophane Co common————
*
29%
29%
125
77
Easy' Washing Machine class B—♦
Electromaster
5,500
67 ft
Com shares of beneficial int———1
$5 pfd shares Of beneficial lnt—
1
warrants
IOO
10ft
10
Jan
78
74
3%
-
——
Option
10ft
8
55%
76
—25
..——_*
•
4%
77
100
Eastern Malleable Iron—
•
'
Jan
Humble OU & Refining-——l—
4ft.
4%
Mar
135
■
2,450
lO'/n
* 10
-•
(R) Si Co class A—
Hubbell
common
-
■
8
y
£1
4ft % prior preferred-.
6% preferred------
6%
8ft
14%
8%
: 22ft
.
1
10
Zollinger Consolidated G M———5
Hoe
5%
Assn
8%
15
9%
13"%
100
Horn & Hardart common.—
& Fuel
2
.
—
preferred w w————100
4% preferred w w
Henry Holt St Co common
;
Jan
Durham Hosiery class B common—*
East Gas
3
—
Heller Co common
5 ft*%
~9%
69
15 ft
7'A Jan
9 C
40
6%
37ft
50ft
- 3ys
2
6ya
Sft
15
9%
13%
50
12
•? '
6% Mar
7
500
8ft
8
6ft
3G'/2
*
;>—
common——*
^
—2
Helena Rubinstein
21% Mar
37
mm mm
;
Duro Test Corp common
Duval Texas Sulphur
Jan
21% Mar
common
Brewing Co—
Hat Corp of America B
Jan
3ft
Apr
68%
69
^;
;
12 ft
9»A Mar
2'A
tH 0
I63/4
•
Co__—
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
14%
—-—1
Rayon
Harvard
Feb
Feb
1,100
5,900
37ft
50ft
3%
—1
non-vot com—1
Hathaway Bakeries Inc
,-1
Hazeltine Corp
——
—*
Hearn Dept Stores common—
5
Hecla Mining Co
—
25c
4,000
15
Jan/
-18ft
^
-
10
Driver Harris Co——
—10
25
2%
•
1
*
Corp——
Draper
Paper—
23ft
2%
14%
14%
—25
Dominion Tar & Chera Co Ltd
.12%. Feb
400
—
"
Lamp
Feb
2'A Mar
10'A
•
Jan
65
H
Apr
18'A
14%
—-
Mar
8% Mar
—
Jan
9% Jan
600
103
—•
12ft
'
50
Apr
56
•
-*
Hammermill
1,700
%
Mar
6ft Feb
.
103
,
Jan
500
54
900
16ft
7
>
105
138
41
--
r^-
Apr
2ft
2%
—
11%
Apr
9ft
10
1
•-*
class A—
Dominion Bridge Co Ltd-——
•-
100
25%
+mmm
1
Dobeckmun Co common,———
41
Feb
2,600
5%
£1
dep rets ord reg
- '
Mar
2 ft
0/a
' V*
102
138
39
18
'
ft Mar
•
300
(
138
11
Distillers Co Ltd—
Amer
:
.
*4%
"
Co
5
Oft
Hamilton Bridge Co Ltd———--
■
——
5%
.,
,
—
140
23%
2%
.
'
0
mm—
23
16ft
,0/a
,
.
17,800
25%
7 /a
.
Jan
100
,
20
mm —
»7 k
v,
7ft Jan
Mar
9'A Jan
140
9,700
U
91
Apr
Feb
Apr
5% Mar
'
Devoe St
Diana Stores
35%
34
300
24%
'■■w-
Jan
7,«
stock——--
pfdb.
Gypsum Lime &"Alaba8tlnej.i-«—
Feb
7ft
3,400
-•
2ft
37 ft
7%
140
25%
Jan
6ft Mar
34
10%
7'A
10
140
8%. debenture
20
34
34
7%
10%
500
7ft
6%
— —
25
35
35
/e
■
.
--t/
7#IstprefeTTed—-—-—100
Great' Northern- Paper—.---^-^——-25
Grocery Stores Products Common_-25c
Gulf States Utilities $4.40
—-2.50
<
Gorham
D
Davenport Hosiery Mills
ih
•,
"r
Jari
84%
.—
—
.
Jan
50% Jan
28'A
——
Mfg.-.common..10
Graham^Paige Motors S% conv pfd—25
Grand Rapids Varnish——
1
Gray- Mfg Co—————
6
102ft 102ft
9
—
/:
Feb
•
22% Feb
■*
6,000
18%
'
'
5
lift
•; - ''—•
42
1
Jan
High
3%
2ft Jan
25
45
.
$4.50 prior preferred—j—
Goldfleld Consolidated Mines——-1
15%
13ft Mar
Gorham
31
17%
*
Low
1,400
.2%
'*
•
Range Since January i
High
2%
27/8
•;—
——
Sales
Range
for Week.
of Prices
Shares
Low
Gobel (Adolf) Inc common——
Godchaux Sugars class A——
8'/a
5
Atlantic 8ugar common—
S % preferred
—
Cuban Tobacco common
1,200
21,700
Exchange
Par
7% Jan
30
—10
—
6'A Feb
7%
3
3
Drug Co commonCrystal Oil Refining common—
2,900
8
15 ft
3ft
Curb
High
Low
7
15'A
_25c
Crown
New York
Range Since January 1
High
6ft
6%
6%
6%
Week's
Friday
Last
Sale Price
STOCKS
Week
Shares
of Prices
Low
Par
Crosley Motors Inc
...—
Crowley Milner St Co.
or
Range
Sale Fries
Exchange
New York Curb
APRIL 23
Sales
Week's
Friday
STOCKS—
1948
EXCHANGE
FOR WEEK ENDED
RANGE
Monday, April
FINANCIAL CHRONICLE
18%
Class
B
Lanston
—*
Monotype Machine—
—5
University—,,——5
Lefcourt Realty common..
—
1
Leonard OU Development—
—25
Le Tourneau (R G) Inc...—
—1
La Salle Extension
22 %
6'A
9%
9ft
21 'A
20%
22'A
21ft
-
6ft
,
1,100
•6ft
300
6
9%
500
10
%
34,700
9% Mar
A Apr
2,800
15 Va Mar
22
ft
22
6'A
Apr
Jart'
Jarf'
ift Jan
;
Apr?
Volume 167
THE
Number 4693
•%
COMMERCIAL
NEW
&
YORK
FINANCIAL
CURB
r'"':
' ' '
"v
'1"
STOCKS—-
■
.
Curb
York
New
Week's
' Friday
' -,.
■
Exchange
Sale Price
-
V
Line Material Co
Lone Star Gas Co. (Texas)
island Lighting Co~-
Low
High
l.ffOO
15 Vs Mar
20%
24%
2,700
18
24%
25%
100
8%
.8%
1,200
Mar
25%
,
-Apr
22 /
;
20%
7%
7%
Feb
Feb
18
6,300
21
7%
23%
Ogden Corp. common—
Oxdo
Louisiana Power &t Light $6
Brass Co
21
Feb
Apr
15,800
V2
% Max
1
60
_15
35
35
Distillery—
—1
525
?49
Mar
44%
46%
425
44
Apr
1
19%
19
20
.—-2
17%
16%
17%
21,500
15
Feb
110
Co
Co__—*__10
Public
Service
800
Apr
112
Jan
Feb
.
15
18
Jan
Manischewitz
(The B)
5%
Ivs*
17%
Marine
Communication Co Ltd—
:sMarion
Pacific Gas & Elec 6%
Massey Harris
?
Feb
1st
17% Mar
Mar
Feb
Feb
14
21%
'35%
25%
_______£1
/
Feb
23
35
100
Apr
37% Feb
,
2%
^ io%
10%
I6V4
16 u
16%
common
:
400
/
:
100
Feb
8%
—
10
Parker
Feb.
3%
10%
Apr
Apr
16 y*
Apr
5%
13% Mar
_1
—
4%
5%. convertible preferred—./—.d—10
McClanahan Oil Co common—
McCord
Corp
Apr
Mead
Johnson- &
Co
42%
42 %
100
37 % Mar
42 Vz
Apr
12%
300
20%
20%.
21
"2%
2%
Mfg Co
A
109%
1
4%
Participating preferred
__15
4%
preferred
Middle West Corp—
Midland Oil
Midland
$2
Midvale Co
Mid-West
Miller
__i
____5
conv
pfd
;
"9%
•100
23
/
25
7%
& %
8%
9l/4
,,
_
V*
•
Abrasive-
Refineries
24"%
13%
Jan
26%
Feb
3%
Jan
7'/a /,
15
2%
:
7%
7%
150
13%
6%
Utilities..
1,400
Morris
Plan
Corp
A__
6%
Apr
Apr
7
Jan
7%
^
Apr
3,100
3
2%
8
3%
3,400
:/
2%
2y8
Mar
104
Jan
27
Jan
<*•
V
171
;''C
37
37
;
V"'V';
Jan
2%
Apr
34% Mar
50
37
_—
?'
Mountain States Power
Mountain States
Tel
J-/8
J*
Jan
16%
15%
17%
7,300
.-•12%
Feb
29
293,
300
26%
Jan
99%
99%
27%
28 Va
300
11%
12%
700
11% Mar
13
13%
300
11%
4%
Feb
4,800
'J.:
*
common
&
99%
28 % '
Tel—100
| Murray Ohio Mfg Co
l___4
Muskegon Piston Ring common—.2.50
Muskogee Co" common
10
x
12
v
13%
Jan
'
31
97% Mar
40
'
% Mar
17% Apr
:
i
Nachman Corp
] Namm's Inc
j
preferred
77c
■
lA National Fuel
E%
3
*
common.
34%
25%
/
Gas__
Jan
1,200
Jan
13%
Apr
1National Radiator Co
15% Jan
2% Mar
720
3% Jen
35% Jan
29 y* Mar
■/
12%
Il%
12^4
14%
600
Feb
Feb
34
11%
8,300
14
Jan
6
4% Mar
8,900
-
14
•
:
-
16%
16%
8%
9%'
.—4
1C%
9%
9%
'
10%
1,500
12 Va Jan
Feb
16%
Apr
Apr
15% Jan
16
I)
Feb
12%
12%
.1
Feb
17% Feb
7% Mar
1,300
11%
Jan
Feb
18
Apr
ID
-
■
National Rubber Machinery—
10
National Steel Car Ltd—
*
National Transit common
__1
National Union Radio—________,_30c
.
10
;
0
900
9%
15
'.r4%
*~4%:-,r4%
2%-
(
•
Apr
Mar
1,100
3%
4,100
.
2%
2%
24
Mar
__
__
150
Feb
11
Mar
23
Feb
30%, Feb
17%
Feb
80.
Feb
21%
99
26%
150
20
21%
3,600
x91
__
x93
20
/
..
42%
44%.
_*
__
__
1
57/»
6 V*
23%
Nelson
Corp
(Herman)
4%
2% Mar
class A
Mur Co
Feb
Apr
ZV* Jan
New
W New
&
Watch
i-i- New
N
Y
Park
Mining Co;
Co
Y
Shipbuilding Corp—
5 7o
common-
Nipi8sing
^_._1
>
,
:
Class B
North
Rayon
class A____—«
Utility Securities—^
Texas
Oil
>—_—5
RR
Co
—
Northern Indiana Pub Serv 5%
*
-
6%
For footnotes
see
23
;;
?
9%
400
200
31
—
—r
IE
•
8%
y,;
6%
8T'a
*/*
\h
9
9%
1,350
94%
93
.y;
9%
11%
ii%
12
15
15
15%
/
,
;
n
15%
143/4
i
4%%
4Va
5
920
4
Feb
2
2 ye
1600
2
Apr
—
pfd_—_100
102
102ya
*300
102
Mar
105
Jan
5%
300
Feb
6
Mar
43%
1750
2.50
5%
gy8
.
43%
1
42
7%
f
3,900
2,800
200
4V8
100
4
59%
1,400
48
—2.50
11%
10%
liy2
common—_50c
_*
,
9% Mar
4%
4
4%
4,100
3% Mar
9%
9%
9%
1600
8%
Jan
—•
7%
7%
7%
400
6%
Feb.
*
27%
27
y 443-i
40%
43%
5,300
5.700
/
1,900
SCO
2%
2%
2%
200
JO",
27%
18%
2,600
2%
2%
3 400
3%
3ya
i'ioo
2
Feb
12%
800
xll
Feb
39
Mar
560
Pittsburgh Metallurgical common—-5
Pleasant Valley Wine Co_
1
13 y3
12%
13 V2
4 350
'700
16%
41/4
" 15%
43/3
——10
le'/a
50
14 7*
Mining Co————.—^^25c
6%
5%
6%
11,000
3%
Alexander
'
—
__
common—2.50
Corp of Canada common.
1st preferred——
v
2d
38%
100% 101
36%
38%
—L.
page 37.
28% Jan
Apr
700
2%
67%
common—
Jan
Jan
9%
Feb
"2%
Jan
b
10%
__
12%
12%
liy2
11.%
93Vs
8%
90
11
Feb
Apr
13%
Jan
Apr
5
s
16y8
Jan
6%
-
Apr
Apr
13%
Jan
Jan",
Mar
Jan
41
68%
4'AMar
100
92
Mar
Mar
4
13%
,
58%-Feb
1100
__
_*
12
6%
Lambert
&
Co——
100
*
Jan
11% Jan
9% Mar
v;Prentice-Hall Inc common
2.50
impressed Metals of America—__———1
t*
Producers Corp of Nevada———1.
i
Service
8%
13
iy3
1%
*3
iy2
1,900
200
2,700
"44
Apr
Apr
•
85/« Apr
Feb
.14
9% Feb
9
CI
Apr
2%
Jan
10
Mar
Jan
Jan
9% Mar
9 y8 Mar
Colorado—
4V*7<f cumulative preferred—
Puget Sound Power & Light—
prior preferred—
—
Puget Sound Pulp & Timber—
Pyle-Natlonal Co common
Pyrene Manufacturing
/
100
Feb
97
97
97
125
94%
Jan
98
92%
*
92
92%
150
90
Jan
97% Jan
*
45%
45%
46
^*_5
13'/2
13
13%
—10
7 V*
*
———.100
•
147J/4
77*
Apr
Jan.
46
36 V*' Feb
Feb
700
14
12
1,025
1,600
8
Quaker
Oats
common
preferred..
67c
Quebec Power Co
-
8% Feb
6% Mar,
///•//; y /'"vJ
>
88 ya
770
79
147V* 148
13% 13 V*
90
400
144
Feb
90% Jan
151
Jan
12
Mar
13% Jan
87
86
__
>;
/.v.■ /';;
1'
/•
■ ...
!%
convertible preferred—
*
Raytheon Manufacturing common—5
$3
i
___.
Regal Shoe Co—
34%
Goods—
Dry
34%
,
30y4 Mar
14,900
6,900
19% Mar
25 y8
4%
1,200
3"% Mar
5%
2%
1,800
1%
Apr
23'/a
29%
700
18%
Feb
3ya Jan
24% Jan
800
24% Mar
29% Apr
4V*
1,000
3'/a Mar
2%
33,900
iy4 Jan
pfd F—100
Roeser & Pendleton Inc new com
•
21%
28%
22%
29
—
4
Richmond Radiator——
Rochester Gas & Elec 4 7o
:C2
2
4
■
2%
-
2%
'
91
;
3o
75
dep rets for ord reg—
£1
Rome Cable Corp common
5
Roosevelt Field Inc___.
—__5
Mar
12%
4%
4% Jan
.
2%
Apt
93
Jan
Mar
Mar
'
37%. Apr
30%
2,600
-
Aeronautical Co.—:—1
Ryan Consolidated Petroleum
—•
Ryerson & Haynes common—
—1
Ryan
8%
1%
100
Jan
17
Jan
10
Jan
11%
2,700
18,700
3% Jan
10
5%
5
5%
1,200
4% Mar
7%
'
7% Mar
25y* Jan
Apr
30%
.
87/a Feb
7% Mar
14 V*
11%
6%
12% Apr
5% Jan
Feb
4y8 Mar
24% Mar
25
11
Royalite Oil
"9%
200
200
4%
25
Co——______——1
Petroleum
600
12%
12
47/B
11
Mar
82
Feb
9
Apr
Jan
Rolls Royce Ltd—
1,100
Apr
87
23
90%
91
1,400
1% Jan
8% Mar
Feb
8%
25%
-.
8%
9y«
Feb
4%
16%
Feb
5%
Jan
34% Apr
55
Mar
22%
'/v
16
72%., Apr
Jan
54
Apr
'31
Mar
25 V*
8
7%
600
Apr
1%
Feb
29-
20
54
54
%
150
■4%
Engineering——5
*
1
Rio Grande Valley Gas Co—
(Texas Corp) v t c——
'
1
Stix
i
17%
4
Electric &
Reliance
Rice
300
30
32
~
1
Co__.
&
(Robert)
Reis
30
2% Ma?
Feb
14 V2 Mar
—1
Roller Bit Co
Reed
1%
U%
1%
1%
125
27%
Feb
.
6,500
17%
Xl7
16%
6
Mar
R
Radio-Keith-Orpheum option warrantsRailway & Light SecuritiesVoting common ————
10
Railway & Utility Investment A—1
Rath Packing Co common.
—10
30
1%
:
,
17*
800
'
Co Ltd
___
Russeks Fifth Ave common—,—__1.25
59%
■
6%
1,100'v>
;
__
of
Feb
1,000
13%
93 Va
Jan
37
__
;$5
v
13%
Providence Gas__
Public
■r
8Va
__
class B——:
Prosperity Co
87
__
Root
•
16% Apr
Apr
11
7=%. Apr
11 y8
Apr
6% Jan
10% Jan
27
Feb
31
Apr
14
Mar
15
Feb
14%
18% Apr
Feb
Feb
8% Apr
102
Jan
Apr
117J
Feb
7
92
x92%
<
% Jan
% Mar
Jan
8%
»% Mar
12
;
Feb
% Mar
Jan
9% Apr
12
15%
9%
11%
353/4
34%
373/4
93/4
9%
10%
2
2
2»/4
2,900
(Del)————25c
3%
3
3%
4,500
Sayre & Fisher Brick Co——1
Schulte (D A) Inc common.——1
3%
2%
3%
33/a
600
23/4
3
Ltd com——
*
pref___—
50
Salt Dome Oil Co———1
Samson United Corp common———1
St Lawrence Corp
A
Class
Savoy
$2
Oil
conv
Inc
Mar
Scovill
Manufacturing
Apr
Scullin
Steel
Co
Feb
18% Feb
7% Mar
44% Apr
33
44
Apr
3
Feb
Segal Lock 81 Hardware——>——r_l
Sel'oy Shoe Co_—
—
—
Selected Industries Inc common
__1
Convertible stock
—__—;—5
2%
15
2%
Mar
Apr
Mar
Feb
19%, Jan
3% Mar
Jan
92
Jan
97
Feb
103
Jan
34%
Feb
42% Jan
10 7a
1C%'
11'%
6,300
7
Feb
11% Mar
17%'
18
1,800
16
Apr
22% Jan,
Seeman
$5.50 prior
stock——___—
29%
313/4
123/4
14%
2,700
2 V*
2%
2%
1,300
25
~27*
~2%
*23/4
12,500
217*
£1%
22 3/4
200
3
19
7.7%
79%
""
3,500
79%
450
2% Mar
Feb
3
2% Mar;
*1
1%
■
"43/4
500
27*
,2%
1,000
iy8
700
1
__
■
__
13% Jan.
37%
Apr
12y« Jan
,
2%
Jan
3%
Apr
47* Jan
3% Jan
27
Feb
33
Jan
10 %
Feb
14 y2
Apr
1% Mar
Feb
2% Jan
18%
Jan
Feb
2% Jan
20% Mar
24% Jan
2
1% Mar
3
13%
Feb
Feb
Apr
20
74
82
75% Mar
4%
2%
—1
15,600
~
—>
—
3
20
23/4
'
19%
Inc
—,—______1
Corp eommon
—*1
Sentry Safety Control,—
Serrick Corp class B
7% Mar
l%.Mar
16 %
certificates
(R B)
Sentinel Radio
27%: Mar
31%
Bros Iiic—
Allotment
Semler
8% Mar
3,800
20.20D
3,100
1,900
General—_——1
33% Mar
6%
; 5,800
'
14%
.—______25
common
Securities Corp
13% Mar
11
1-ft Jan
90
100%
22
27y8
12%
shares-*—
Jan
5%
'59y8 Apr
liy2 Apr
Feb
_———*■
Amer
Jan,
2%
54% Jan
Apr:
800
.
Jan
6%
.,
Mar
39
4%
58%
-_——20
Rotary Electric Steel Co——10
Rowe (The) Cbrp common——_1
12% Jan
800
7%
42
4%
69%
——
Jan.
'Jan
6
10-J Mar
3,200
v
15%
7%
280
/
1
1$
43%
100
29,900
98% 100
*
93%
6'A Apr.
5% Mar
14,800
5
Jan'
5
92
•
Mar
•
Apr
<15% Mar
••r
18 "
Aircraft Inc
Novadel-Agene Corp.
•
450
_50
pfd. 100
Northern States Power class A—
; Northrop
;
•
'
2%
Airlines.,—;
Penn
80
—'.:"'
43%
common*
Central
Northeast
North
4
.*
class B__—_1
____5
__4__—___1
North Amer Light & Power common—1
dNorth. American
North. American
.
—_—
Mines
Noma Electric*
.
L
:■*.
v
3,200
.
30%
1
1st preferred100
2d prefeired__i___—i—___100
Nineteen Hundred Corp
4
16,409
1%
1%
31
10
——
Power common
Nlles-Bement-Pond
■
13%
Jan
13% Feb
4% Feb
;> 82% Mar
5
1,800
9%
7%
1%
Apr
2
*
*
Niagara Share Corp. class B com_____5.
i
'
72%
8%
Class B optional warrants—*—
y.
550
,-1,600
70-
12s, s
_10
Founders shares—:—
5%
V
1,000
;
"
10%
9%
Merchandise—.
Y
\
'i
4%
4 V4
.
80
N
L; Niagara Hudson
•
8%
400
10
common.
7- N
f'
•
% 89
4
1
li: NY & Honduras Rosario**—
v
4%
process Cp common
Auction
1
87
89
Co^_____l
Jersey Zfnc—
25
Mexico' & Arizona Land-i.1
New
1,700 :
14%
■'
Clock
Haven
VkVc convertible preferred—___20
-x
■-
"4%
'
New England Tel & Tel_*______^.___100
New
13%
14%
_„5
Nestle Le
:
11
13%
—____5
Neptune Meter common
i
24%
1ft
Jan
'
Amer
H
1
22,800
66
Power
47% Apr
Apr
Apr
42% Mar
2,150
1-fir
67%
&
Apr
Jan
'
Ltd
Scale
Jan
13
'
.
43 V»
ItV"
28% Apr
17% Apr
Feb
10
26%
21%
Mar
23%
93,700
-
12%
Mar
13 V4
•
13% Mar
National Mfg &
Stores common—___1
U National Pressure Cooker common
2
17%
28% Mar
Jan
33 y4
___*
U National Mallinson Fabrics
400
5%
S%
33%f 35
25
„
14
2%
1
Hess common
/? National Breweries
5%
1
common
;■;; National Bellas
28%
14%
■■
Raymond Concrete Pile common—___♦
13%
13%
—_—_—10
Jan
Jan
23
28%
,
100%. Jan
N
i
15
Apr
700
A
'
12% Mar
100
Mar
%
•
5c
_10
common.—
13%
Jan
17b
"
^ Mountain City Copper
Mountain Producers
Jan
96
Apr
11%
»an
w,
of America——10c
3%
Feb
17'
90
3%
3%
2%
10%
1,000
,
173
8% Mar
6% Mar
'2% Feb
1,200
11%
10%
*
104 y2
"iy8
Pratt
Jan
6%
Mar
96
X?
r
1
34% Apr
Jan
2,000
7%
3
Feb
Jan
2%
Polaris
Apr
23% Mar
7y3
101
Pneumatic
/
"
3%
*
5
_
Montgomery Ward & Co class
i Moody Investors partic pfd.
6%
15
Mar
30%
_•
pfd__100
21%
Feb
rv 2
19,700
•
Apr
4% Jan
Feb
18
2,300
/;/•■
J%
.
Pittsburgh Bess <fe Lake Erie RR——50
& Lake Erie—.—50
25%
1,000
4%
Apr
600
91
16%
warrants—-,_——
common
Johnson
Apr
Apr
32
Feb
Jan
19 V2
■•■■...
'
36
Mar
6%
__
__
9
32% Mar
__
13%
__
Feb
29
Pittsburgh
9% Mar
Feb
650
21%
-
■
>
17% Jan
22% Apr
11% Apr
600
Piper Aircraft Corp common——1
Pitney-Bowes Inc—_____——2
Apr
10% Mar
•
14%
:/ 3%
Corp.
1
Monogram Pictures common
1
Monroe Loan Society com class A—— 1
;
8%
Feb
•
common
Cement
Governor
Powdrell
100
25
20%
21%
14%
1
common__^__—_*_50c
Dakota
Apr
7%
27,800
11%
4
Molybdenum
i; Montana
25
23% Mar
11%
Jan
7%
1,900
103%.
__
Pioneer Gold Mines Ltd———1,
Apr
'
—_50c
4 Minnesota Power & Light 57c
Missouri Public Service common.—
.
Pierce
Jan
Feb
Corp
Tire & Rubber
Pinchin
;
Jan
9%
.
101
_:_5
——
Apr
*
^%i
10
5%
11,500
-
"
24%
Mining Corp of Canada.
X
10
Feb
19
4 % % convertible preferred——__50
;
7% Mar
1% Mar
101
,_100
.__l'
Philadelphia Co common
Phillips Packing Co_
=
49'% Apr
7% Jan
'
Pep Boys (The)
Pepperell Mfg Co
Perfect Circle Corp——
Pharis
Apr
6% Mar
-
1,500
8^» '*
--
Products—
dividend shares—
Co
•
2,200
5%
Jan
5%
800
1%
9
'
common—
Wohl
10
Apr
Feb
"43
/
Jan
4%
>
Feb
.7%
__10
Midwest Piping & Supply common—-*.
Mid-West
1,900
Feb
3%
:
10
6%
"9%
25
•
pfd
Penn Water & Power Co__
:
Jan
110%
Feb
3%
■
6%
Feb
108
800
49%
1% ■;
"9%
j* Midwest Oil Co—,
t
9y«..Apr
3% Mar
Jan
3%
v
:
10
4,200
5%
'
8%
1%
v t c__l
;
Corp $1
Steel
non-cum
200"-
4%
6%
6%
_1
57c
—
Penn Power & Light
Penn Traffic Co___
.
y/;''L/C
Ex-distribution
/,
■
15
Jan
9,
Apr
400
32
Telephone common—
_*
$1 cumulative preferred——25
Rights W 1
Penn-Dixie
9
35%
31%
Penn Gas & Elec class A
25% Jan
1
Feb
5%
1
_10
____
Micromatic Hone Corp___
Middle States Petroleum class A
Class B v t c—
(
■
v,;.
49%
—
——
67*
109% 109%
5
Michigan Bumper Corp
I
Michigan Steel Tube
,_._*_i_y__2.50
Michigan Sugar Co common*-———*
6 7c
Mar
20 -
,
10,700
6%
100
Co
Metal Textile Corp common———25c
,
2,200
'
preferred-.
Feb
15%
500
35%
Corp—
.
Pennroad
12% Mar
9Vit Feb
;
i
Chapman Si Scott warrants
6Vz 7c
Mesabi. Iron
-
5
___1
\
:
Feb
6% Mar
3,200
11%
8%
,
__
Peninsular
Apr
11%
1
*
common—
"...
Merritt
30%
*
_
Memphis Natural Qas
Menasco
22% Mar
42 y2
1% Apr
40% Apr
109% Jan
35%, Apr
Feb
Jan
,
30V8
100.
22%
31%
Co
(•
Jan
IV4 Mar
9,000
•
14%
35%
preferred
Motors
Pen
!
Apr
2
•> 16,100
30%
30
*
preferred
! McWilliams Dredging
7%
Feb
~i%
26 %
*
$2.50
Feb
6%
1%'
_1
common——
2,200
__25
Parkersburg Rig & Reel—:_—l
Patchogue Plymouth Mills___*—
_*
s
Mfg Co common
Lighting $5
Paramount
,
'
McAleer
1700
7%
1st pfd——25
preferred
$L30 1st preferredPage-Hersey Tubes common—
Pantepec Oil of Venezuela Amer shrs__
6% Jan
Feb
15
:
>
-
I.
Power Shovel*
900
—_C_*
Co.
Marconi, International
17 %
12
Mapes Consolidated Mfg Co__*_^—___*
35%
10%
Pacific Can Co common—5
,
Pacific Public Service com——
_l
;___
106
22
22
■111.,
Securities—
Pacific Power & Light
5
common
33
130
14%
O'okiep Copper Co .Ltd Amer shares.
M
Maine
375
.
6%
III
Omar Inc
Pacific
Mangel Stores
1%
_»
5 Va7c
Mackintosh-Hemphill
2,900
40%
107%
JanApr
51%
40%
.
High
>
Jan
55 %
20,
Range Since January I
Low
1%
.
40
106
Jan
pfd
:
1%
40
106
Overseas
Lynch" Corp.
1%
.
100
Old; Poindexter
8% Jan.
7% Mar
51
•'j
50C
class B common___.
Ohio Power 4Va'7c
22% Apr
'26% Jan
L200
'
Shares
High
preferred
Oklahoma Natural Gas_____
Apr
^ >
Common ctfs of dep
i
7% preferred A ctfs of dep_
6% preferred B ctfs of dep___
Louisiana. Land & Exploration-
.Low
Sales
for Week
'
O
Apr
Jan
9
:
Apr
20
21
-
Week's.
Range
ef Prices
Oliver United Filters class B
22%
t_i
30
Apr'
.7% Mar
-
Par
18% Jan
•25%
.10:
Longines-Wittnauer Watch Co__
Long
High
—___5
u
Last
Sale Price
,
18%
23%
Corp.—
—10
Lipton (Thos J) Inc 67c preferred—25
Lit brothers cnmmnn
^
r «■
Loblaw„ Groceterias class .A—•_
_—*
•:.
Class'
Steel Chain—
Friday
STOCKS—
New York Curb Exchange
Range Since January 1
18%
5
Lionel
Locke
Sales
Shares-
of Prices
Loto
Par
APRIL 23
for Week
Range.
Lftst
■
(1831)
EXCHANGE
RANGE FOR WEEK ENDED
"-i
CHRONICLE
4% Mar
1%
Feb
Apr
Jan
80% Jan
5% Jan
2% Ma*
% Mar
1% Jan
10% Mar
11% Jan
n
inwfm,^rr^1^^^^^^^l"<u,wU''rt*tAi'*l'ltftl*'*''''1''
36
COMMERCIAL &' FINANCIAL CHRONICLE
THE
(1832)
NEW
YORK
Week's
Friday
Last
STOCKS—
York
New
Leather
Seton
Low
STOCKS—
Feb
~3% ~3%
3%
18%
18
18%
2%
2,700
Feb
18%
Apr
Waco Aircraft Co
16%
Jan
Jan
Wagner Baking voting trust
7','c
preferred——.
;
15
14%
15
70%
67%
70%
3,200
62
Mar
'/a 105%
30
104
Jan
108%
Apr
Apr
12% Mar
20%
Apr
Jan
-1
,.—--25
.——.—-100
common
preferred
i%
105
14%
11 %
1%
11%
7%
*_1
Apr
**
Mr
■ •
-4-'
^
'
■'
'
—
'
3%
—
—
*
'
88 % Mar
90
25 %
25
25%
Apr
25%
13%
13%
14 %
6,000
8%
Feb
14 % Mar
1
3»/b
3
3%
4,400
2-% Mar
3bb
Manufacturing Co—
S'Ih
3:u
Corp
Soon ton
8%
77b
8%
::
Manufacturing common——-
Soss
South Coast Corp
,
1
1
common.——
4 78
h,
Oil
Penn
11 (.50
common
3%
33%
30%
4%
3%
4%
3,900
2% Mar
4%
3%
4 Vs
3,200
2% Mar
2%.
2%
2%
1,600
7 Vb
1,600
Watch
Tablet
Wickes
(The)
Jan
Williams
7%
Feb
9%
Jan
Willson
3%
Feb
4%
Jan
Wilson
33 %
3,600
Jan
Apr
31% Feb
43
29% Feb
10
35%
39
26%
28'A
—25
.25
26%
26%
23%
23%
24%
———-I
6%
6%
6%
500
Royalty
Co__———5
44%
Spencer Shoe Corp
Stahl-Meyer Inc
,1——i—*
4%
Jan
26%
50
preference——,
preferred..—..
4.48% 'conv
4.32%
cum
Southern Pipe Line——
Southland
Standard Brewing
Brothers
Convertible
preferred—
10
—
Jan
25%
Feb
4%
44'A
Feb
100
5
yy
1
1
Feb
6%
19% Mar
23%
2,200
2% Mar
3%
10%
10%
10%
1,500
9%
Standard
28%
27%
28 '/a
4,600
25'A
Feb
-1%
Jan
Standard Power & Light com—.—
Common class B
2%
1%
2%
1
i,;
2
22,200
.2%
—*11,—
preferred —i
Co...1
7%
*
4%
47's
Starrett
(The;
Corp.:
Stein-(A) & Co common
0
:_i
Products...—
Aluminum
Brewers Inc
Sterling
Sterling
Stroock.
y/52% Feb
25 (4
300
6%
6%
2,400
5%
300
Corp.
1 'A
19%
Jan
31 »A
14%
7%
32
1
3%
3%
15
12%
Feb
Mar
15%
5%
;
32
Feb
Apr
Jan
7
16%
2% Mar
1,900
10
125 '
14% :
3'A
Feb
29%.
14%
Texas
Inc
Power &
Light 7%
Texon Oil & Land Co
Jan
Thew
Shovel
Co
Thor Corporation
Tilo
common
*——5
.common.——!
Roofing Inc
Tlshman
&
31%
11% Jan
4,500
14%
118%
Jan
11%
Feb
16 %
Apr
58%
56%
58%
1,150T
,44
Jan
59%
Apr;
19
20
116
Feb
21
Jan
14
13%
1
*
12%
600*
14
15%
7%
•'14
124
Feb
Jan
14% Jan
11% Mar*
1,600
15%
Apr
"7%
Apr
53
Apr
'
400
•
5%
y
Feb
49 % Mar
6%
_5s
Todd Shipyards Corp..
Toledo Edison 4 % % pfd__;
___<■
_
100
Tonopah Mining of Nevada
Trans Lux Corp..
Tri-Continental
:_£1
...
1%
110
111
111
95%
95%
..
88
150
92
1%
1%
1
5%
5%
6
1,300
2%
—
warrants.,
2%
2%
5,100
__
convertible
•
preferred——
vV; 4% Mar
6%
600
6
9%
10
200
Lt
El
Pwr
&
ref
2%s
Feb
,,,
Corp
Unexcelled
Chemical
of
Gas
Apr
Jan
9
,
12
>1
Jan
(Bait
Gas
City 1
loc
of
N
Union
Investment Co_______
Union Oil Co of California—
;
$3.75 pfd series A
Union
Stock
Yards
Aircraft
United
Chemicals
United
Corp
United
A6%S
of Omaha..
5s
Green
A6%s
A7s
A 7s
Products com—_50c
common
<•
—
Interstate Power Co—
*
A Debenture escrow
Isarco
Milk
Products
•
United
United
10%
United
,
•
RR
Profit
S
$5
1st
19%
19%
20'A
19%
19 VB
20 %
&
Feb
20 %
Jan
"
20
Feb
30
Jan
25
Jan
25
Jan
common
common!,
17,800
245
25
1%
1%
200
Jan
247%
Feb
40%
,A20%
;
126
36
31
31
-r
117
14e*-.".
M-3
:
ri-.;
38 y
61
1101%
100%
101'
1102% 103
•. v
102%
103%
■
58%
58
56
101% ioi%y
/
1102%
M-N
6
J£ -■•?•■:
59-%
100%
108%
100%
"
102%
104'A 104%-y-y.-l
J-D
F-A
4%s-
'
25
23%
:
.
26
23 %
103% 104%
23%
—
25
23%
y
J-J y;y
5
r.y
26
25
:
25
26"
:•
y: .17
1
26
55
16%
26
yyv 10
26
-
26
17%
26 *
<
17%
39
;
-
■
58'A
61%
28
*'
26 y
23
17%
26
u
17%
26
67
24%
—
y ;
61
y
>
117
.
55%
61%
20
y 4
yy*-,.y
22 %
J-D
1961
23%
'fa'
kii '•
>y:
28%
16 yy 17
18
25
y107
y:'!/ 6
109
-
-
y
no4%
Lexington 1st mtge
65
-•
64%
65 %
101%
101%
3
106'A 106'A
1
103
106
106%
A-O
3s___—1964
103
A-O
1968
1971
101% 102
187'/a
y
J-J
y; 53
49
y
104 % 1C4'A
J-D
4s_—.—2004
3%s~
mtge
Pennsylvania Water & Power 3'As. 1964
3%s
Hydro-Elcctric
2
Jan
1% Mar
6%
ex
Oct
Service
1
106%
101%
103'A
105
1
—
104'A
104
20
91
65'A
,102%
:
'yy 3
J-J
106%
.101% 102%
'
82%
92
103%
—
I960
perpetual certificates
25%
•"117
y
«
\'
100
8% Mar
10%
Jan
Queens Borough Gas & Electric—
5'/2S series A
—1952
54% Mar
62%
39%
40
370
38%
Jan
41%
Jan
San
9%
10
200
8%
Feb
10
Apr
Scullin Steel
M-N
~2%
2%
2%
3,000
17%
36%
17%
8,600
11%
Feb
3%
2%
3%
7,100
1%
Feb
3'A
Apr
77
78%
150
70%
Feb
81%
105
12%
Feb
18
y,103
19
-
106
34
y sa
:
__
—
.
mtge
-A-O
3s_
y'yy 4
100
100
98
199%
M-N
_1952Af-S
__195l
A-O
Joaquin Lt & Pow 6s B
140 Vo
3
1113%
103%
100
•/y/
*_
101
113% 113%
97'A 101%
f
198%
150
f
Jan
14%
27'A
149% 150
Safe Harbor Water Power Corp 3S.1981
39%
Apr
inc
y-ytiv1
s
Jersey—
4,785
-
y
Co—
coupon..
New
104% 104%
104'A 104 %
104V8
1940 coupon—1960
1947
of
J-D
1970
-
—
Piedmont
8%
15
io
5
*
;
2% Mar
17%
Apr
Southern
Counties
2,300
Jan
Southern
1%
2,200
1%
Apr
3
Jan
2%
1,300
2%
Jan
2%
Jan
1st mtge 3s___
Southwestern Gas
-38%
Jan
59
Apr
Spalding
19% Mar
20
Jan
AStarrett
59
48
59
7,148'
25
26
550
.
2%
20 %
*2%
3
20%
21
1,000
1,500
23% Mar
2%
29
Jan
Feb
3%
Jan
19% Mar
22%
Jan
5s
G)
(A
(Calif)
L.
Elec
:
3%s
3Td
2nd
A-O
1971
J-J
100
F-A
y33
104% 105 VB
105'/b 105'A
104%
104 VB 104%
101%
105 »A
1105
105%
101%
105%
y
•'
4
.
.
100
M-N
100
100
5
2
114'A
A-O
1112
A-O
65
65
24%
24%
25
24%
25
36%
30
33
.
'
•'••;if
y
7"
y
i
«
98
f. 1*
•. I
*
'
100%
100'A
1
••
'100
_1950
____1966
105%
.105%
cyy,' 5
—
Corp— k
,;
,'
stamped
:__**__—1946
(Hugo)
A7-4s
J-J
—.1989
5s
trust
(Hugo)
A7-4s
Stinnes
Gas
&
M-S
1973
1970
3%s_
Gas
Corp inc 5s__—
collateral
Stinnes
1965
1970
3s
...
California
15%
26
Edison
California
3'/83 series A
Southern
1%
_io
io
2% Mar
2%
1%
l
50c
Utah Power & Light common
62
-
29%
97%102%
•
62%
1
—1
Oil
1110
J-D
J-J
8%
0
common
55%
'
V
J-J
58%
*■
warrants
[•;> Universal Insurance
;
„"/•
v
62
loc
com
Universal Consolidated
Park
1st
to_—_,
mtge 3s_.
A6%s
1
__*_*
4
101^102^:^^13
/
,
40 %~ •"«'•> 42
RR—
at 4%
Power
1st
Public
Securities
with
Ohio
115
Apr
21
*25
Universal Products Co
Utah-Idaho
Sugar.
Jan
Feb
io
Corp
34%
16
__25c
com___
International
Stores
4.900
Apr
17%
-
100
Machinery
preferred
150
Mar
A
3%s
Corp deb 4%S—
A6%s with Oct 1
Canal
Sharing
'A
41
Feb
31% Apr
'
Reclaiming Co
:
33%
Jan
A
—
U S Radiator common...
U 8 Rubber
United
32%
;
Conditioning Corp..
and
& Westchester Ltg
3%
38% Mar
»
common
preferred
Shoe
U S Air
NY
100
7
U S Foil Co class B
U
4% Mar
6,800
10,600
^
62
39%
'
-M-J'•<;'•
1952
1952
1963
England Power 3%s
33%
;
PreferredUnited Specialities
;
Jan
New
-V
40
.
Af-S
M-N
60
A
Cl%
.
-
A-O
60%
4%
109; y
112'%
112% 112%?
1967
60'A
41
"
:
100
104%'
.
--*1963
Midland
Milwaukee Gas & Light
%
98%. 100
97%
40'
7
Apr
%
■
99%
105 'A 196.-: y
4
Jan
4
101
199%
101% 101%
6%
41
1100
106
103% 109
96 %
'
105%
F-A
Apr
•:
36%
102
J-J
91% Mar
4%
106%
78
1—1969
:—1956
425
——
105'A
105
571
36%
J-J
Valley
105
103%
16
1106% 110
J-J
coupon
96%
10
dep rets ord regis
NJ
1947
y 84%
104
7
•57
Altalian Superpower 6s—
Kansas Electric Power 3%s_—1966
94%
__■>
United Molasses Co Ltd—
Amer
Nov 1
ex
102
Co—
Kansas Power & Light
:
-
J-J
•
ctfs,
McCord
62
104% 104%
104%
105% 106
1952
1940 coupon
1
111
168
98%
•
Hydro-Electric
with Nov
9
104'
86
1955
1955
coupon)
Jan
9
Corp..
Preferred
1941
102%
106
109%
y,;
104%
1
.
coup).
Apr
\a
Corp common.*.
United Light & Railways—
United
F_
(July
162
•
162
102
104
Af-N
coupon)
—1957
—'—1952
1941
(Aug
series
A7s
2
96
/••//
*1958
series E
'
103%
92%
1957
1941
1
2
93%
A-O
*1961":*
C
(Dec
Ay is
High
107%
100
81
.,
^
Power Sec—
scries
A6%S
A 7s
92%
82%
J/-N
Indianapolis Power & Lt 3%s_.**-1970
International
146
•
24
A..**—Jan 1949- ry A-O
1949
A-O
ser
97%
Low
102%
65
series B*_.——__Jan
6s
January 1
9
90 %
A-O
■/'%.
•>
:
Guantanamo & Western 6s
8%
2% Mar
•
Ry 4s——1950
3%s
*.1963
6%
Jan
•
Power
Hygrade Food 63
Range Since
No.
89%%
f
*-*
Mountain
High
86'A
r\Ji-3
/
—1956
stamped
Grand Trunk Western
5% Mar
Apr
Jan
87%
vw May
Bank—
4% Mar
60%
2%
89%
;_.1965
Co—
60%
—100
Jan
Mar
2
87%
1940 coupon*_1953
900
:
9%
-
1947 coupon.*—1953
Nov 1
ex
Extended
United Gas
;
Mfg
5,400
warrants.—
Elastic
Elec
7%
6
Jan
Apr
j.j
1993
.—1993
6%
4
:
19%
1007'b 102%
J-D
•
—
2
1%
Feb
162
•'
y
RR—
3V^—
7%
'
United
Fuel
&
5
700
Jan
13
Apr
Division—
J
1%
6%
14
101%
J-J
—1954
95%
...
Corp.______.___5
:
*
*
10'A Mar
1110% 112
A-O
—
4%s—
Marelli
A7s
"
Canada...
Apr
21%
105% 105%
JH-Q
—.1962
Finland Residential Mtge
Feb
u
Union
102
,
1st mtge 4s scr A
mtge 4s ser B
A 7s
Ulen Realization
Feb
Jan
Sold
102'A
.M-3
•
scries R——1981
A6%s with Nov 1
Apr
2% Apr
30
9 % Mar
Apr
17
Bonds
-
,
•
1977
ref
Ercole
6%
Feb
7
17%
Apr
M-S
-
1966
——
Elmira Water Lt & RR 5s
Jan
1%
'
(Bait) — <
ser P_*_*_——1969
mtge 2%s ser Q—**_—1976
\
Apr
97
Mar
1%
Jan
6'A
Jan
14
Bid & Asked
Q-F '
,—...—1958
Lackawanna
1% Jan
111
Jan
29% Mar
1
com
•7% Feb
*
Feb
i
1
1,000
.1%
*
Tung-Sol Lamp Works
Feb
310
95 %
l
Inc
Feb
1%
100
1%
12% Mar
Feb
95
96%
j-d
y
ref mtge 3s
Gen mtge
Apr
50
3,200
300
Feb
3%
' Week's Range
or Friday's
j-d
——*..1969
3s
Consolidated
Jan
16%
"
dep rets ord regis
dep rets def regis.
Amer
80c
11% Feb
Feb
Security Trust Co Ltd—
Amer
Trunz
Feb
.V
15%
119% 119%
7%
Construction
Tivoli Brewing Co..
Tobacco & Allied Stocks—
Tobacco
14%
10%
29
15%
5
—*1
Realty
13%
200
■
,
:
Jan
Delaware Lack & Western
Jan,
300
30
10
4,100
■97%
j.j
...1960
1st
14% Jan
•
y*n
29%
pfd*—100
————2
11
.
common:.._
11%
106% 106%
jf-N
,/
1964
A 1st
Technicolor
Feb
•
1,300
Sale Price
j-j
..1955
5s...—
5s
Eastern Gas
Taggart Corp common.'.——1
Tampa Electric Co common:
*
Jan
10
•
200
j.d
1953
2V2S conv debs
•
13% Mar
1970
1st
Jan
27% Jan
Apr
7%
10
Last
Period
1st
Jan
20'A
Service
Consol Gas
-
850
Jan
Feb
6'A
350
2%
Interest
*——:_1970
2%s
Debenture 5s__
1% Mar
16% Mar
375
3%
:
——'i
Debenture
14% Jan
400
'
15
Jan
16%
23%
1,200
101
2%
6s_— *——1998
Steel
Edison
Debenture
y
Jan
1
1,250
6'/a
6
*
Cities
Jan
8%
Jan
800.
17%
14%
25c
Finch Oil Corp
17
32
——
Cement, Inc——
Superior Tool & Die Co.
13
18'A
Feb
17% Mar
8'/s
A5s (20% redeemed).—
—1948
A5%s (20% redeemed)—,
1954
y 2'A Jan
14
a
v", 17
18
ICentral States Electric Corp—,
Apr
Jan
13%
Apr
25%
7'A Mar
6%
;
16%
yy
5%s A
5s series C
Boston
Apr
15% Mar
200
18'A
l»/a
17%
17
21%
Feb
13%
1,700
12 %
16%
20%
101-
Exchange
4%s..
Electric
Bethlehem
5'A Jan
Feb
22
300
15
100
6%
12%
17
5s
£1
*
Atlantic City Electric 3%s_.
Bell Telephone of Canada—
Apr
67
Feb
Superior Portland
Swan
3'A Mar
-60
%
——1
Sun Ray Drug common..—
'
1,500
4,700
.
Curb
Assoc Tel & Tel deb
Apr
Apr
3%
Feb
1%
(ft) & Co common..———*
Sunbeam
2%
8
5
York
Associated
Jan
1 :>■
l___
12
5%
v:
1
Appalachian Elec Power 3%s
Apr
13%
Corp.
Stop & Shop Inc
1!
2%
8%
7%
Co common
(Hugo)
2%
110
5%
.1
(J B)
Stinncs
100
-
1%
1
11%
6
Low
Jan
29
Feb
1
—
Inc
Stetson
"
67
18
1
————
5Sterling Engine Co
Sterling
66
/
4B/8
65%
24%
*
,_i——
300
Friday
Jan
6% Mar
2,800
-.3%
4%
__1
_
Steel Co of Canada
3'A
11%
3% Feb
1,500
5%
,
102
410
7'A
7'A
Corp.——....„ 1
Standard Tube class B
.1.1
Products
Standard
Standard-Thomson
Feb
1 % Mar
700
,
H 0 C5
rH O f-
108 %
400
11%
Jan
Ltd—
BONDS
New
19% Feb
17'/a Mar
'
$7
7%
11
7%
Jan
■
(Ky)—10
1%
Jan
Apr
25%
1,600
12%
preference—
Jan
Dredging Corp common.—1
SI.60 convertible preferred
20
Standard Forglngs Corp
...—1
Oil
23%
28%
38 %
33.
,
1% Mar
100
22
3%
25
Mar
x22% Mar
250
22%
2
Inc.—
(F W)
11% Jan
„
38%
Jan
:
Feb
8%
300
3,000
Apr
Jan
Feb
5%
Apr
157
20%
Wright Hargreaves Ltd
Apr
4'/a
Feb
36.
115%
Feb
25
•
100
pfd
Amejrican deposit receipts
6 c/o
Jan
Jan
140
—
*—1
—
4%%
Lt
Industries
Woolworth
7% Mar
Jan
3%
3%
Standard
23
900
10'A
22
n
Apr
700
2,900
9%
10
1,500
Jan
8%
112
21%
23
11%
common***
Pwr &
6% Mar
30
110
37
1
:
Woodley Petroleum
Apr
4%
1 y
—.2.78
28%
29 Vb
'
4
5%
Co—
Standard Cap & Seal common—.——1
Apr
Inc
Apr
2% Mar
157
22%
Co—
&
5% preferred w w
Winnipeg Elec common—
Apr
X26
2,600
44'A
42
\
39
C)
Feb
Apr
112
—1
:**
4%
25% Mar
38%
.—-1
10
5
Corp..
Corp
(R
Woodall
39
6%
1%
Jan
6%
152
—10
Products
*
13
112
157
com..*<"
---20
Stationery
&
River Oil
4%
26
cum
:■—1.25
preferred—,*•
1st pfd—100
$6
Weyenberg Shoe Mfg
(Wm) & CO—
Feb
preferred
——25
preferred.—.——25
original
5%
4.88%
Utilities
Whitman
Edison—
California
—
Maryland Ry 7%
Wisconsin
Southern
Co
Manufacturing.
Texas
x3%
,
.
Jan
1—1
2,200
43
30%
-
Feb
2%
8% Mar
1,900
.
Apr
Apr
1%
3,400
4%^
,
30 'A
41%
-10
South
y
1%
900
Wichita
Mar
4
3% Mar
9%
110%
450
Westmoreland Inc
Apr
1
*
Feb
Feb
Feb
1%
West
Jan
25%
1%
8
Ward Baking Co warrants————*—.*
Aircraft Corp.*—..——_1
Jan
25%
600
9%
Western
«
100
200
9%
110%
Warner
Feb
4
3%
-
1%
Western
Feb
High
8%
7% Mar
256
-
8%
9
——30
preferred.*
cum
Walthara
Mar
36
Low
9
$2
Jan
Mar
225
330
238% 242
242
%
6% Mar
Range Since January 1
High *>
3%
ctfs ext.*
—.100
Waitt & Bond Inc..*——*————1
Apr
11%
*
——
Westmoreland Coal
£1
—
Solar Aircraft Co
Solar
11%
,
Mar
36
:
3,000
7%
7
7%
100
Paper Mills
(Howard)
17%
Apr
4,350
'
preferred
3.90%
Smith
.
Wentworth
:
Singer Manufacturing Co.—
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
100
8%
"
$3 convertible preferred.:——-—*;
common.-.——
15%
U%
600
7%
15%
Corp of America class A———*
Sick's Breweries Ltd.
—-*
Silex Co common:—
—;
*
Simmons-Boardman Publications—
Shoe
Feb
18%
Canada—:
Sherwin-Williams of
Simplicity Pattern
12%
800
Shares
W
73
Shawinigan Water & Power..—,
Co
——
Sherwin-Williams
Sheller Mfg
for Week
•;
of Prices
Low
3% Mar
Feb
16
2,200
Par
13% Mar
Sales
Range
-
Sale Price
High
LOW
High
Week's
Last
-
*
Exchange
York Curb
New
Range Since January 1
Shares
13
—*
5
common.——
Shattuck Denn Mining—
Friday
Sales
of Prices
Par
EXCHANGE
ENDED APRIL 23
for Week
Range
Sale Price
Exchange
Curb
CURB
FOR WEEK
RANGE
Monday, April 26, 1948
105'A
96'A. 100%
114%
116
64%
75
,
■
,
J-J
22
10
f- 27/
Industries—
stamped.*.....
1946
A-O
21
19
y.
27
19
38
Terni
Valspar Corp
y
common
__i
Venezuela Syndicate Inc.
.
Vogt Manufacturing—*.
Por footnotes see
page
7%
85%
85%
Jan
1
Petroleum—
7%
5
$4 convertible preferred
Venezuelan
Hydro-Electric- Co—
A6'As with Aug 1 1940 coupon__1953
8%
A6%s ex Aug 1 1947 coupon—.1953
United Electric Co of N J 4s.
1949,
7 %
8%
14,100
5%
Feb
8%
Apr
United Electric Service
4
3%
4%
11,400
2% Mar
4%
Apr
A7s with
Jan
A 7s
20c
*
37/
7%
87-
700
7
Mar
10.
40
85
Mar
98
xl2%
Feb
14
Jan
ex
Dec
Dec
1
1
1940
110
•;
117
.
J-D
102% 102'A
;
:
-yiy ;,r;,;io2'y.io3%
Co—
1956
1947 coupon___*__1956
coupon
125
117
18
33
—
,
.
_*
•
i.
—
27%
'
—
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4693
Volume • 167,
WEEK ENDED APRIL 23
FOR
RANGE
EXCHANGE
CURB
YORK
NEW
i:'
Week's
Friday
Week's Range
'Friday
'.V
BONDS
Last
Interest
Period
Exchange
Curb
York
New
1954
3%S—-1964
2030
-5s—---I960.
West
Penn Traction
Western Newspaper
Union—
107%
120
101
103%
102
102
102
P-A
107%
117
2
(Plan A)
stamped
Range Since
Sold
January 1,
No.
High
26%
—
Government
ARussian
•
A5%s——
~2%
24
;
2%
J-J
2%
23+
'
2%
25
3%
d Bar-interest. !
range),
transaction (not lncluded in year's
3% i
2%
58
2%.
U-S
•No par value,
a Deferred delivery
eOdd-lot transaction (not Included, in
54
>
25
$23
3-D
——1921
—
15%
18
'
14%
14
14
J-J
2%———2012
6%s—1919
Interest, reduced to
.
27
13%
Peru
(Republic of) —
Is to 2%s (ser ABODE)
1997
Rio de Janeiro stamped (Plan A)
High
Low
[
$25%
J-J
2%S-—i-2008
reduced to
Interest
102%
106%
7
106%
117% 11?,
J-D
Parana
77
Bonds
i
,
Bid & Asked
High
72
1106
•,
debentures-:———1959
6s conv s f
Low
3
107% 107%
J-B
A-O
Electric 5s
Penn
Range
Friday's
or
Sale Price
Period
Exchange
Curb
York
New
;
Low
73%
73
M-S
Washington Water Power
West
January 1
NO.
High
Hotel—
income debs..——j-i—_
A 5s
Sold
'J-Last..1':,
Interest
BONDS
Range Since
Bid & Asked
Sale Price
Low
Waldorf-Astoria
Bonds
Friday's
or
f Ex-distribution.
gRx-stock div. bEx- "
included in year's range), r Transaction for cash f
y Ex-rights.
sales being transacted during current week.
,
, ;'
j
year1® range),
principal,
n Under-the-rule transaction
(not
(not included in year's range). k Ex-dividend,
<•
■■
-
-
BO-N.DS-,
$:
.
Last
..
.
,.
Sale Price
Period
Exchange
Curb
New- York
/,
♦Friday's bid and asked prices; no
A Bonds
being traded flat.
Week's Range
or Friday's
Bid & Asked
Friday
.
Interest
Bonds
Range Since
Sold
January 1
1
A
•
V
•
*,■ -77 •: : 7 v7
V:.v '*V: t %' J
••
•
(Col) —
• V••
A-O
-V "
High
62%
„
62'%
35
~2
62%.
35'A
Stock and Bond Averages
33
39%
80
84%
84%
70
68
78
$7%
•»-
J-D
♦'8
7
8
M-1*
$-
-■
F-A
Danzig Port & Waterways— •
'•
A External
6%s stamped—-:.—1952
11
>
.
Below
J -J
u-a
$13 %
14
14
U-N
*24
26
24
3-D
+32
38
33
4
AMedellin 7s
of representative stocks and bonds
the daily closing averages
are
the New York Stock
on
-Bonds—
id
10
Grade
trials
Ralls
101.52
104.99
;
Bon<*s
ties
89.31
103.29
99.77
99.76
April
Bank of Bogota—
of May-1927)—
y. A 7s' (issue of Oct. 1927)—
Mortgage
•
v,
,
*•*,.
r\:
.**'■
(
55.75
33.76
181.05
56.46
33.77
66.38
101.60
104.91
89.44
103.11
19—
56.21
33.78
66.23
101.57
89.56
103.06
20-
180.72
104.90
April
57.03
33.80
66.63
101.53
104.93
103.08
21
181.37
89.74
182.98
57.64
33.89
67.19
101.48
104.93
89.99
103.04
67.66
101.60
105.00
90.75
103.09
$42'%
•• v
22
J-D
$68
80
22
81
$21
J-D
1931
1972
Chile 6s—
Mortgage Bank of Denmark 5s
Mortgage Bank of
A
180.38
April
44%
April
A-O
1947
''J- \\ '«» 1
T'. 'i'-'
...'•
17—
44
44%
$42%
66.01
43
Jf-N
1947
A7s tissue
y
81
Week Ended
April
Bank
Government
Bonds
Bonds
Bonds
Sales
.,■!
$1,501,000
■
578,500
$1,390,000
$111,000
1,526,980
4,193,000
403,000
$5,000
1,695,210
5,036,000
35,000
Wednesday—
1,673,480
5,752,000
581,000
347,000
2,325,470
2,474.370
6,706,000
394,000
9,000
Thursday
Friday-
6,873,000
369,000
33,000
5,000
7,280,000
10,274,010
$29,950,000
$2,205,000
$97,000
$15,000
$32,267,000
Total
■>>
—
7—
Stock&4-No,
of shares
;•1
77:7
■■
•
■•.
,
Wednesday—7
'
7,109,000
Thursday..
Friday.:.
y,
—
-
;
84,767,630
$225,000
$326,500
$974,000
2,626,000
29,893,880
23,8*68"86o
% 17,141,500
323,668,400
Stocks—No. of shares
$18,729,500
$356,514,780
$350,972,400
35,000
321,000
13,000
21,000
60,000
31,000
372,000
"lTooo
85,000
34,000
$182,000
$1,739,000
287,000
250,000
$1,400,000
;
.
$157,000
-
;
;7/7-,
7,"
7
•.
•
-77
•'
7 $1,668,000
'
April 23
Jan. 1 to
1947
27,932,628
21,145,207
1,294,870
2,414,303
—
295,000
1948
1947
1948
7>
7:.7-.'7V. :-77-'
233,000
396,000
204,000
Week Ended April 23 '
':;;':,7
$117,006
$11,000
305,000
'
.7'';:77v .77'77'..77;;7
-
286,000
Total
Corporate
$38,000
$18,0^9,000
$18,270,000
326,129,600
$32,267,000
1
I'y "7> V''''v 77
7
Foreign
Foreign
$68,000
2,414,303
7
7777
-1947
86,612,087 :,v
-
t
[V Total
April 23
1948
1,363~000
——
TottU
L,
Monday—
Tuesday————,
6,114,000
29,950,000
-
—
7- 77; sBonds
.
-
•
;:"7.7 Jan. 1 to
4,771,760
7
$15,000
77.
97,ooo
!■
2,205,000
y/* ;■
—
Foreign
Railroad & Industrial
'•1
1947
10,274,010
.
Bonds v;y
.77.;
U. S. Government—
International Bank
7 f;
Saturday—
5,652,000
:
-
April 23
1948
99.86
Exchange
Government
Domestic
Share)
7
166,023
327,850
——386,110
376,060
7
590,250
568,010
April 23,1948
4,611,000
$10,000
15,000
Week Ended
99.82
100.11
Bonds (Par Value)
of
Week Ended
Tuesday
Monday
Slocks
(Number
■v:'7.7:777/.V,;7C
1.777'7'77;:;; 7- 7::-7-;':-,7 7-.7'
Total
Bond
'
Saturday
99.77
;
Daily, Weekly and Yearly
United States
Foreign
Eonds
Shares
23,194*
34.05
58.47
183.78
Transactions at the New York Curb
Int'l
Railroad
of and Miscel.
Stocks,
—
April 23—i—
Daily, Weekly and Yearly
Number
___
22—.—
April
Stock Exchange
Transactions at the New York
40
Utili¬
Rails
Stocks
Total
It
Grade
tiee
roads
trials
Date-
Indus¬
68
Util-
Rail¬
Indus¬
39%
•
Second
First
10
Total
IB
20
30
-
Jones & Co.
Exchange as compiled by Dow,
8 toe ka
25
stamped——1951
listed
15
(Peru) 6%s stamped_1958
Maranhao stamped (Plan A) ,•
Interest reduced to 2%3———2008
City
ALima
cumulavoting trust certificates; .-7'
"w w," with warrants;
i," when issued;
65%
62%
•
deposit; "cons," consolidated; "cum,"
"n-v," non-voting stock; "vtc,"
"xw," without warrants.
tive; "conv," convertible; "M," mortgage;
\
'* •'
y: O
Low
No.
-
•
.
'..77:7 fi\
..V".7;
-;.y
'-'-'A'.'
7 ;7' ;u
-
•
above—"cod," certificates of
used
''
vV* \
5%s—;—1955
5s
;—______——_—1953
External
External
■
,
65%
$62%
*
„
J-3
Bogota, (see Mortgage Bank of)
*
AGauca Valley- 7s_t-_*_—1948
Danish Cons Municipal Loan— <
V
Abbreviations
"w
7s__—_r_—_—April 1946
7s__—L———Jan 1947
20-year
A20-year
High
Low
-
'Agricultural Mortgage Bank
§Reported in receivership.
'
_
*
7
.
f7».r
"7i
'>
Domestic—
$1,400,000157,000
—
Foreign government.
——
—
Total
-
753,000
2,205,000
163,000
$21,780,000
$20,457,000
2,757,000
60,000
•
$1,728,000
"
——
!;
:
■,
182,000
$1,739,000
Foreign corporate.:
OTHER STOCK EXCHANGES
'
77,.RANGE FOR WEEK ENDED APRIL 23
7:7777 .77;7:7->;7'(;7'v.-'v.
Baltimore Stock Exchange
Last
Par
-'v-
*
*
Arundel Corporation
—
_
—
*
t c__
Baltimore Transit Co com v
1st preferred v t c
5%
16%
.
316
16
15
v-
'■
vy
1
Jan
Mar
5
Jan
Apr
23
Jan
'
12
Co
Gas
Elec
Fidelity
&
Power
&
Lt
oC Baltimore common
Common
33
144
Mar
150
Jan
5
65
Jan
100
Apr
28%.
170
25
'Feb
100
'
2
Amsterdam
w':.
50
—50
l
BONDS—
■'
"
26%
-
50 /•
;
6%
5%
Feb
50
Apr
Mar
68
Jan
44%
106
50
28% Jan
Lines Inc
8S
—
,
21,
•
common—
52%
45
$8,500
53%
Safety Razor
Gillette
Royale Copper
Isle
Copper
Kennecott
——————-*
100
STOCKS—
American
&
Tel
v
Tel
—_100
*
American
Anaconda
Woolen
Bigelow-Sanford Carpet 6%
Bird
&
Son
&
Boston
154 %
36%
*
Albany RR
25
Boston Edison
40%
41
High
Apr
48%
Apr
17%
Feb
;
38%
131%
Apr
Apr
Jan
100
Boston
*
Herald Traveler Corp
Boston
15%
19%
40
24%
25
30
5%
prior preferred
class A 1st pfd stamped
8%
cl B 1st pfd unstamped—
7%
cl C 1st pfd
1%
10%
Boston
Boston
cl
D
For
Providence
footnotes
100
100
100
42%
Apr
Reece Folding
583i
Jan
59
Feb
Jan
19%
—
_
page
47%
V
43
325
224
—,
'
8
9
t%
' '
-r-
„
—
47%
8%
50
8%
8%
100
19»8
22 Ve
32
Feb
Feb
28
48
Mar
Apr
5%
Jan
9
Apr
7
Apr
8%
Apr
5%
Feb
9 %
10
Apr
10%
Apr
15%
16%
150
13% Mar
16%
Apr
—
100
4G%
48%
145
34
Feb
43%
Apr
46.
50
Shawiriut
Stone
7%
Machine
——,
7%. preferred
RR
Assn
& Webster Inc.—
Torrington
Co
Union Twist
55
66%
22%
15
22
22%
205
21
29%
72% Mar
23% Jan
Apr
26% Jan
26(4
15
55%
Jan
Mar
i
190
31
Feb
'
Drill
—
—
Machinery common
preferred
United Shoe
6Vc
D
8
Rubber
System Inc
Westinghouse Electric
Waldorf
Corp
*
—
—
80c
20%
—•
36
1,669
31% Mar
37(4
Apr
34%
35%
1,087
28
Feb
36%
Apr
4%
723
3(4
Jan
56%
341
4
4% Apr
;
56% Apr
42%
Feb
9%
357
6(4
Feb
9%
Apr
50(4
240
31%
Feb
50'A
Apr
33 Va
25
28%
Feb
33%
Jan
50%
165
41% Mar
54
Jan
23%
90
19% Mar
24% Jan
12%
13
65
10
Feb
15%
17%
330
14% Mar
45c
45c
400
30c
13(4 Apr
17% Jan
54c
Apr
-
'j..
—
—
36%
5
•
25
25
10
*
38%
55%
62
y
12% Jan
10% Mar
11%
2,001
270
83
10%
10%
100
10 %
C5c
80c
'
38c
1,850
91%
Apr
Feb
38%
39%
20%
12%
12%
10
2%
2(4
50
1%
39%
221
Feb
6%
Apr
Apr
20%
Apr
80o
-
Jan
5%
16%
Feb
12
2,489
Apr
'
; ' Feb
3 9 (/»
:
Jan
10%
Mar
30
415
Feb
20c
20c
100
20c
13%
200
13%
13
273
36
319
34% Mar
38
39
Apr
15
11% Mar
37
Jan
2(4 Jan
7% Mar
20c
Feb
12%
14
■;
:
;.
Apr
13%
Jan
,14% Jan
38
Feb
-
Jan
550
35% Mar
42
54%
56%
2,374
48(4 Feb
58%
62%
925
54% Mar
56% Jan
62% Apr
40% Apr
40%
40%
45%
38%
130
Feb
38%
50
45%
14%
.23%
Feb
89%
11
87
6%
20c
V
12%
Apr
34%
23%
11%
89
.
43.78
Feb
39.05
5
43.78 43.78
Jan
58% Jan
49% Mar
.
—
10
2.50
—100
*
•
United Fruit Co
Apr
10
70
22%
48%
•
:
50
——....
Rexall Drug. Inc..
Ap»
69%
33%
.17%
wi—100
2.50
7
•
Pennsylvania RR
Feb
*
100
Trust
RR
see
_100
—
stamped
1st pfd stamped—
Personal Prop
&
_
■
—
common
Mills
Pacific
Rutland
19%
H & H
North Butte Mining
•
59
;—
York
36%
;
40
59
& Maine RR—
New
Reece Corp—
•
59
—
England Electric System
England Tei & Tel
N
1
5
1
20
100
Service Cos
New
New
Feb
{
__100
Unstamped
Stamped
National
125%
■
Elevated Railway—
Boston
13% Apr
41%
20% Mar
Feb
49% Apr
Feb
8
9(4
1
Assn
Racing
Mar
115
:823
.»
January 1
v
154%
129
25
133
..
>, LOW
30%
225
41%
'
36% Mar
6 if
38%
''7
Narragansett
147% Mar
395
123%
121
'
3,408'
20
20
20
—100
v,--
Nash-Kelvinator
Range Since
-
129
129
pfd_ —100
Inc
v.
48%
45-
48%
£"•
•
154%
152
50
Copper
High
Low
Par
'it ;i
V--"''
Shares
of Prices
Sale Price
-
•
Mfg Corp common..——
'■
•;
"*«■' 7
V' \ ■«
Mullins
for Week
Range
Last
Feb
9%
55%
—
.
Central RR common-—
preferred
—
100
49
Mathies'on Chemical Corp ———0
Mergenthaler Linotype—50%
Sales
Week's
Friday
Feb
31%
"
43.78
36 7.
34%
4yu
1
———•
Co—,—
*
,_r
15
Corp.———
General Electric
Apr
6%
32
100
7%
'
Capital
General
Maine
Exchange
7%
GO
49 %
13%
7%
29%
b%
Boston Stock
'
1
High
Low
High
Low
54%
——
•
54%
Employers Group Assoc
Naclonal Stores
First
Range Since January
Shares
21
13 V2
,—100
adjustment—,—
pfd
for Week
Range
46%
7,77y-v
70
Street
Mass
Sales
Week's
of Prices
13%.
•—
•.
1975
4s__
65% Apr
Apr
v
146% 147
100
_
.
Baltimore Transit Co
■'
Mills-
Casualty
U S Fidelity & Guaranty
New
147
20
Deposit
Mount Vernon-Woodberry
65%
100
65%
65%
...—.
;7-';-' --7 77
Par
Ry—
1st preferred series A.7—7—100
Eastern
Eastern
Consolidated
■
7————————•
Co
Range
Friday '
Last
Sale Price
———--—5
—.10
Hecla
&
Service——,
Cities
Copper
High
-
16%
Jan
2
io
3.10
3.10
15% i 4
Low
13%
182
16%
25%
3.10
"loo
Range Since January
Shares
High
Low
s"vf-r,
Calumet
for Week
Range
of Prices
Sale Price
STOCKS—
7
7?r,^77777.77777 ;;7;777 7 777:7777
Sales
Week's
y Friday
STOCKS—
V:';77'77'7
■7,y:7,,.;7>7 ■
v
Feb
"
14%
15
29%
29%
75
564
13% Mar V
25
Feb
,
;
:
45% Apr
15% Jan
30% Jan
38
(1834)
THE
COMMERCIAL
OTHER
&
FINANCIAL CHRONICLE
STOCK EXCHANGES
RANGE
FOR
WEEK
APR&L
ENDED
23
STOCKS—
Chicago Stock Exchange
Friday
Week's
Last
STOCKSPar
Admiral Corp common—...
Advanced
Castings
Bearing common
Aetna Ball
&
common.*,
Avco Manufacturing
Mfg Co
12%
4%
Sons
—3
6%
(E
J)
v
American
Four-Wheel
Drive
Fox
Brewing
4%
Apr
1
Feb
20%
1,000
14
13
Jan
13%
14
;
14%
Apr
17
17
10%
10%
54
9% Mar
200
15
Feb
10%
700
9%
500
45%
400
54
51
*
Apr
49
150
44
13%
300
300
12Ms
'
V
>7,:;
U
Central
Independent
Pneumatic
16%
New
100
10%
Feb
8%
Feb
13
5,900
9%
Feb
12%
La
Salle
Leath
Ext
8c
Ur.lv
Co
Cumulative
Apr
Pure
Feb
9%
Apr
5
Jan
6%
Lindsay Lt & Chem
Marshall
Field
&
62
49%
1,000
7%
200
800
31
33
26%
27%
26
10
100
36
2%
95%
Republic Steel Corp
39
Jan
28%
Feb
Jan
25
Mar
28%
Jan
Jan'
2%
Apr
National
North
&
Standard
American
Northwest
3%
Jan
298
82
Feb
15%
500
15
Mar
97%
15%
15
Apr
500
13% Mar
16%
Jan
8%
100
Feb
9%
Jan
500
11
Mar
19%
Jan
170
17
Apr
Jan
56%
19%
58 %
900
50 % Mar
58%
Apr
Feb
8%
Jan
Feb
36%
Apr
'
Mar
11%
Apr
Mar
I
43%
Apr
7%
7%
700
11%
>
11%
43%
7%
28
150
42%
*_
43
950
35%
500
17%
16%
16%
17
10%
10%
10%
21
'
10
'
39
20 0
*17
1,000
21
Nunn Bush Shoe
Oak
Pen
Co
5%
prior
Feb
J
I
Jan
22
Jan
17
■'
Pennsylvania
RR
30
Mar
Jan
f
4%
13%
34%
34%
22
22%
21%
23
Society
Prod
Steel
South
Brand
Bend
Spiegel
>
•
34%
8
94%
913/8
'
Inc
28
Mar
Mar
6%
400
34%
Feb •■%!
100
16%
16
1 6:%
40
39
40
9%
S%-
♦
27
Jan
10
Feb' '
300
15% Mar
19%
Jan
160
39
Apr
40
Jan
Feb
10 %
Jan
72
2,300
8%
300
44 %
27
12
12
400
22% Mar
150
9%
9%
1,800
7%
9
9%
3,850
—10
•133/8
58%
Feb
13%
800
13%
58 %
58
400
Apr
10
35
33
150
30 %
30%
500
26
22
?1%
22%"
550
19%
15
35
.<
37%
30%
22%
340
160
Feb
180
158%
270
Feb
158%
Jan
16%
Clothes
16%
10
8%
1,950
26%
26%
8%
8%
8%
22%
22
*
20%
2
26
8%
Union
f
:
6%
32%
Jan
9
217/8 Mar
50
2
Apr
"
Apr
2
.
Feb
Jan
23
Apr,
20%
2,600
16%
Feb
4%
20%
100
Apr
4%
Feb
5%
Jan
10%
200
9%
Jan
10 %
Jan
32
Apr
?1%
12%
36%
37%
31%
12%
37%
250
50
.2,000
11%
11%
200
33 %
31%
33%
2,850
12%
11%
12%
400
21%
19%
7%
22
e%
27%
'
6,600
7%
Feb,
12% Mar
32
10%
Jan
37%
Feb
Hobart
11%
Jan
26 *' Mar
33%
;
,.
common
14
Jan
15%
Feb
Feb
200
6
1
Standard Oil Of Ind capital
Stewart-Warner Corp common
500
25
Jan
1,000
32%
20
3%
500
Apr
8% Jan
28%
7% Mar
Apr
10% Mar
Container
Sunbeam
Corp
COTp
common
Sundstrand Mach Tool
^
common
Swift 6c Co capital
common
stock
T"
!
of
Texas Co (The)..*
ThWf Corp
10%
16%
150
9%
Feb
45 y4
11
46%
Jan
800
37%
Feb
13%
14%
400
46%
Apr
12%
Apr
14%
Jan
,.1
8%
i
•
8%
8%
800
♦
32
31%
32
-
5
24%
24 %
24%
7%
Feb
9%
-
25
34%
*
5
Traae Co
(The) common
80 La Salle St Corp*
page 46.
Feb
18%
Apr
Feb
80%
Apr
11%
Feb
14%
Jan
16% Mar
23
Apr
14
/■ Apr
9%
Feb
2%
Feb
3%
T5%
Apr
500
12%
Feb
16%
Jan
10
common
U
20%
S
*
•
20%
,
Jan
550
27% Mar
32
700
,Apr
19%
Feb
27
25%
7%
34%
300
30%
Feb
17%
100
17%
Apr
\
59%
19
19
61%
20
400
52%
45%
850
16
X31
2
32
300
28%
45
46
310
44
Feb
.!
/.
&
r>
-
:
•**
-
73
25 *
110
,Apr
8% 'Jan
Apr
1
Mar-
10%
__
/
.
23%
.
81
Apr
•! -'-i
(> .10% *:
9%
'
;
*
126
14
44
167
-
12%
13
-
67
64%
215
-
•;
67%
24
Jan
Apr
,'58
Jan
Jan
13
7%
46%
46%
49%
49%
t
215
U
7
.7%'
24
150
Apr
10%
19%
16*%
■
Friday
Week's
Last
flffvi./,f;STOCKS— /vi!/v/fiffv?■:■•,
Jan
Feb
>>
Feb
46%
Jan
-J
13 •;
Apr
•;
Feb
71%
Jan
Apr
225
Apr
"
8
Jan
►
49 V2
Apr
50
Jan
6% Jan
40
Jan
48% Mar
fl f'7
Brass
Mfg__
Alleghany Corp (Un)
American
Coach
Amer Home
&
Body
American Tel & Tel
&
Fuel
Clark Controller
Cleveland
$4.50
common
RR
com
,
;*'—**
(Un)
General
36 %
21%
Jan
Jan
61%
Apr
Electric
Co
Gray
Great
Drug
-
Bros
Preferred
■
,
a
13%
Jan
15^/8
81% -v'
1,679
245
*_*
39% Mar
8c
•
;
Trans—
*
Feb. :
15%
Apr,
81%
Apr
•'
Apr
f',
75% Mar
13%
•
'
32
Feb
-
; '
*
Jan
38%
109%
,
26% Mar
43% Mar
34'%
51
*
Feb
Apr,,<
Jan
;
50
..32%
Feb ~
-
41%
Apr
—.47%
Feb
"
58%
Apr-
i
195
9%
Feb
13%
Apr
:
12%
a
13%
00
!
i.. 80
...
•
GO
"
20% Feb
•43
22% Mar
Feb
35%
263
158
50% Mat'
21
Mar
50 % Mar
31% Mar
a56%,
4,432
57
:;37%
Apr
"
14
30
14
-
..
513
'
58%
Jan
'-.■27%
Jan
38% Mar
50
14
44%
Mar"
Jan
22
Mar
/•I?
Jan
31
Mar
•
78
10
-75*:'
Jah
78
14
200
13%
Feb
14%
Feb
25
•'■
Jan
48
:
Jan
*
21%
100
20
.43%
45
124
40'/a Mar ;
48%
34%
.
1
12%
20
21%
___*
Jan
Apr
a58 Vb a59%
78
/
1
*__:
*_*.,___
V
a42'/2 a42'/2
14
—________*5
(Un)
Steamship
32
.;'•
17%
34%
30
45
Jan
45%
.
-
.100
__50
Apr
Apr
Feb
105 y2
23%
23%
a41% a42%
14
common—
25%
153%
28% Mar
1
a5G
*
Jan
14
70
■25%
*10
Feb
147% Mar
170
a46% a47%
(Un)
(Un)__
•'.
-
20% Feb
.
a31
.00
"__25
...
Kelley Island Lime
'•
108
a
.__100
Jaeger Machine
10
a49 Vb £.49%
^
common
Interlake
48
common
Industrial Rayon
170
16%
a31
Cooperage class A—___*»
21% Jan
Jan
(Un);*_*L
common
Towing
37
s
15
1
& Rubber common
Feb
„
1—
_,
Preferred
Greif Bros
Halle
17
a3o% a36%
4
♦
Stores
Lakes
10
5
80%
15
;
(Un)
Goodyear Tire
160
;
,_15
*.
*
£om
Motors
Glidden
186
15%
1
*
*
Eaton Mfg
General
o67 V
108
Dow Chemical
Firestone T &.R
Apr
/
»
Bronze (Un)
Natural Gas(Un).
Rubber
Jan
21%
21
30
*
preferred
Faultless
3%
17
100
Electric Illumln.
3%
2% Mar
24%
24%
152% a 153
•
Cleveland Graphite
Erie Railroad
a48%
•
*
High
3% Mar /('- -]
400
a40% a48% 1
a
common——1
V
Low
720 1
3%
20
*__i
Iron
preferred
4%%
21
1
25
Range Sihce January 1
High
3%
100
...
Cliffs
Cleveland
(Un)
Shares
3%; 3%
.
3%
5
(Un)
Ohio
Low
_^!l
Products
Chesapeake
City Ice &
(. Par
-
for Week
of Prices
—_50c
—
Sales
!
Range
Sale Price
48%
110
39
"32% 34%
a20% a20%
13%
13V4
321
31%' Jan
34
375
Mar
.Feb
19%
12
v
Apr
Feb
62%
•'
14
-
Mar,:
•10
573
225
7%
49%
7
40%
-12
,46%
50
Feb
Apr
16% Mar
22
43%
'r
'•
Apr
19%
320
17
-■ - 14
••••:: *
Mar
19%
.
if
/, 44
106'
7
73
10%
17
; 8V2
51
; /
51
'
Jan
13 /'Jan
;•
Apr
105% Mar
:.v-'88 "•
38 i:
.
:
20
7
8
*
23%
'
20
51 v
♦
common**.
;
v
•
"• ;i5:;
;•
Apr
97-'Apr
•',
Mar
7%
138
vftv'Vi
V:
106
106
100
...
8
•;•,- e
**''i:'
20,!
»
*
B
Feb
Mar
.11-
27 %
Jail
104
^
Jan
Apr
91/4 Mar
Feb
93 :
>
' 29
22
23%
Mar
23
20
-
;.
Feb
Feb
8.
".-'•608
76%.
'
U
20
138
-
v
7%
-75
....
■'V.
96%
110
High
32% Jan \\
l7> Jan-Vf
Jan
18
100
27%
UC
7%
59
120
>
/
29% Mar
-•14%
Cleveland Stock Exchange
Mar
33%
9
96%
,:•
:
_*
*——h**_1.00
Printing
351 tS
•V.
23%
9-:.v';:
•
Preference
lb%
22%
10
—
Randall
Low
K %
'20%
/
Range Since January 1
High
30%
16%
.*
common
•Proctor & Gamble
8 7f
preferred
Shares
30%
•
Co
Sales
for Week
ef Prices
\
.100
;
Kroger
Magnavox
,
25
_
see
33
Mar
3% Jan
10%
deposit
For footnotes
2% Mar
17%
Swiff International Co Ltd—
Ctfs
Jan
14%
*'
Stone
30 "
.
3
25
5
14%
69%
800
Range
50
—
Consolidated
22
Mar
28%
10%
32%
20
common
Forgings
Apr
200
1,400
•
Yard
Kahn
t
Apr
11%
•9%
*
Standard
Apr
10 % Mar
28%
8,100
Low
;
Mfg
Jan
Feb
28
10%
15
..
Standard Dredging
10%
Feb
Feb
23
w
3%
Week's
__
*
St Louis Nat Stockyards
capital
Jan
Apr
200
14
Last
*
100
—
Jan
9%
31%
1
Feb
7%
>
6,900
;
23
Friday
—25
*
Stock
Hatfield-Campbell
Akron
Apr
4%
6
2
1,760
2,250
7% Mar.
39%
10%
-1
capital
50?
22%
2
1
common
Works
16%
8%
8%
.25
common
23%
•4%
*J0Q
Drug
Formica
Feb
*
1&%
80%
-15%
Apr
16
♦
Jan
-
35
Feb
8
100
12%
—8.50
preferred.*....*
Apr
135
•
5
15% Mar
1,000
22%
common
P
Apr
180
common
Apr
Apr
1,500
8%
20%
Par
—
T
Apr
Feb
150
common..
10%
23%
3%
—*—20
**•
Jan
Mar
155 %
2%
common
Feb
x25 y4
Feb
175-
-•
Feb
8%
Apr
177%
1
10%
14%
Sale Price
Gibson Art
Apr
100
50
Apr
Jan
4%
800
28%
17%
13%
-
Eagle-Picher
Jan
58%
32 % Mar
30
•
Jan
9%
10
48% Mar
20
Apr
13
7% Mar
Apr
Mar
27
9% Mar
9%
9%
A
16%
16%
18% Mar
1,600
13%
/V
23
._
Apr
Apr
6%
&
Preferred
Jan
6%
O
Dow
Apr
6
.
N
Cincinnati
Jan
14%
9%
25•%
1
8%
Apr
66 3/4
63
:
Feb
'
V
—
80%
<fc Fibre—
—
i
Apr
94 V2
86 % Mar
'
.
.
Cincinnati Street
Cincinnati Teteobon*
23% Mar
-
11%
Preferred
C
Apr
Apr
23
Brewing
».
Apr
13%
21% 'Jan
150
94%
4%
•
Feb
21
100
100
...
'
100
Jan
100
Corp
Strap
Lathe
9%
500
8
64%
3% Mar
250
6 3/4
common
Sinclair Oil Corp
4'*
133/4
22%
:_1
Slgnode
\
13%
9C0
9%
_•
Shellmar
*,
4%
6:%
capital
18%
**___—8
Cincinnati Gas
I
11
.Serrick Corp class B.
;.
1
Jan
Jan
Schwitzer Cummins capital
Bears Roebuck &r Co
capital
.
?
'
*
Mar
9%
Potter Co (The) common
Pressed Steel Car common
flangamo Elec Co
Feb
common
Penn Gas & Elec class
18 %
35'!;.,/
28
•14%
♦
*
9
__25
12%
300
;:■< ••■• 8%
—*
STOCKS—
Champion .Paper
Churngold
52
class B common.—5
Jan
'•
1
,
Burger
ar
11%
106
——.5
preferred;
17%
3,100
•
17%
1
"• "
■"
American Laundry Mach—
Baldwin
500
1
4%
23%
33%
,
«
'
■
I
500
common
Jan
14% Mar
-
~
;..V'
r' /,/'■'■ "^''
■
r.,
11
,50
common!
Peabody Coal Co
24%
;
58
11%
common
Manufacturing
Parker
1
28
28%
'18%
n
t
9 % Mar
50
*
pfd
Jan
5%
Cincinnati Stock Exchange
V,•/•/.•
.
Mar
15%
500
21
*
lien
5%
Feb
14% Mar
3,600
■
Apr
Feb
*'
15
common
:
17%
7%
common
Northwest Util prior
7% preferred
Co
37%
3%
4%
,:
15%
11%
common
Car
&
31% Mar
6%
Apr
123/4
35
•
4%
23%
8%
*
Apr
Apr
Feb
/
7%
5
16%.
Apr
8%
*
58'%
*
4%
23%
28%
——
12%
8%
900
25
Corp
Wilson
97%
1
Co
Bancoip
United
-
17
7
17
—
__1
Studebaker Corp common
Oil Corp
10%
36%
8%
-•
15%
10%
Sunray
8% Mar
29% Mar
15%
—1
Middle West Corp capital
Miller & Hart Inc common vtc
$1 prior preferred
Montgomery Ward
Jan
Feb
Feb
*
15 Vb
10%
J
Apr
,S 800
16%
*
Spring—
17%
1,200
__1
N
Steel
Apr
Mar.
6Vs
500
:
4%
5
Apr
;•/•• 4% Jan
5% Mar
y
35%
'•'■
Apr
29% Mar
36
500
4»/e
38%
■""102%
Feb
14
5,300
*
Socony Vacuum Oil Co Inc
34%
15'%
*
8%
'r8-%
34%
common
Standard Oil of
15%
*
7%
7%
-
»
Radio-Keith-Orpheum
Mar
Apr
Jan
10%
300
17
1
common
30%
600
4%
•
com.
1,200
17%
2'/2
new
America
Apr
28%
*
Corp of
Jan
30
;
12%
Apr
100
<
36
16%
4%
5
—
common....
49%
25%
Jan
3%
Feb
33%
(.The)
: '7%
11
common
Co
Feb
15
<
*.A_1
—
:
Pictures Inc
Feb
250'
36
200
Jan
14%
Feb
—
•
6% Mar
2,900
Jan
/
14%
Fen
30%
IIIIIIo
52%
63%
12%
26%
—.4
—
Co
32
230
com....*
Mickelberry's Food Products—
Oil
Radio
59%
-Apr
11%
14
2% Mar
; 500
'
Apr
56
common..
Co
Paramount
58
common
:
Pepsi-Cola Co
7%
150
17
*
!'
92% Mar
35
;a*:—
Airways Corp.*
Mar
•
Libby
Amer
66
38
—
preferred
&
Pan
Feb
Jan
200
97%
1
common
Libby McNeill
Apr
64%
32
3
common
American
150
2%
100
common
North
100
9%
700
>
■
100
:
7%
Packard Motor Car
12%
•>
.
Feb
800
35
8%
•
Ceptral RR capital..
66
•
Switchboard
York
38
9%
"
Kellogg
Apr
6%
36
'
1"
—
10% Mar
,,
25
V
Motors
Gas
Standard
1
Katz Drug Co common...
Graham-Paige
Apr
1,900
13
400
General Electric Co;.*—I*
V
1%
9%
10
International Harvester
•
Apr
Feb
17%
& Light com—
Products common
Steel
Fen
13%
9% Mar :-
1%
;
Feb
Jan
,
?
100
25%
10
Tool
Jan
1%
31
*
Indianapolis Power
Indiana
'•
•••
..
12 Vn
1
;
Jan
9%
10
Jan
29%
:
-
lOVi Mar
38 V*
.
Farnsworth Television & Radio HZ II—1
6
27%
•
common
Continental Mbtdr
Curtiss-Wrightf.
Apr
7%
1
RR
i
50
Mar
,
Illinois
Jan
3%
13
37%
~
Apr
400
,
750
Apr
7b%
Feb
29
29%
10234' 102%
17
Columbia
,
Laclede
46%
——*
Illinois Brick Co capital
3%
14%
13%
35%
Apr
6%
*
common
200
3%
;
..50
.
Products; t-rc-A
Gas. & Electric;.-*—
4%'<
12%
Qossard Co
Hupp Corp
Copper Mining*
Steel Corp.
..10
Atchison Topeko & Santa Fe*—_— 100
Bethlehem Steel common new
65%
10
common
13 Va
j';
G1
,,
9%
Candy class A____———
.5
General Motors Corp common..—__10
Gibson Refrigerator Co common
1
Hibb Spencer Bartlett
Jan
6%
1%
(G) Brew Co capital
Heln Werner Corp (new).
.150
-
.
111%
Armco Steel Corp
37
General
Helleman
13% Mar.'
12%
-
14%
Armco
Light*—
Nash-Kelvinator Corp
9%
65%
*
common
300
11
v
Feb
Mar
'
3%
1%
"9%
—15
Harnischfeger Corp-common
25%
13%
corn-
54
9
12% Mar
13
13
•
Hammond Instrument Co
Apr
Mar
17
Feb
Mar
12%
1
common
-
61
"1%
5
(W H) common
Great Lakes Dr 61 Dk common
300
10%
5
*_*.
4%
25
common
60O
Mar
13%
*
common
29%
17
12
Certaln-teed
17%
11
48%
127/»
6%
"
52
62
common
68
Stocks—
Radiator b St San
Anaconda
17
53%
•
Inc
800
*■
•
A—
10%
*
*
—
High
78
77
Rolling Mill—
Name changed 4-16-48 to
Jan
11%
10
Goodyear Tire & Rubber
Feb
11%
*
Auto
Razor
3%
11%
;
*
America
1,550
40
*
—
Eddy Paper Corp (The)
Elgin National Watch
-
50
*
class
Jan
19%
5
common
Doehler-Jarvis Corp
Domestic Credit Corp
8
19%
•
—_
Dodge Mfg Corp
Feb
19%
10
Low
94
29%
77%
;*;*
common
Range Since January 1
300
16%
•
*
TV.
High
110 % 111%
American
6%
Feb
-1
common
.
_
common..,
Alleghany Corp
Feb
——
Common (new)
Safety
Goldblatt Bros
Jan
4%
....
Gillette
Jan
2%
Feb
32%
Cities Service
10
Club Aluminum Products Co com.*—♦
(The) Co Inc.—.-—_1
5
(Peter)
14%
1%
150
(newi
Co common
of
11% Mar
6,300
Ui.il common...,50c
Commonwealth Edison
Consumers Co—
Shares
Apr
6%
Coleman
Mills
154%
39%
1.—10
Convertible preferred
Flour
Mar
1
Chicago Electric Mfg cl A pfd—.
Chicago Milw St Paul & Pac vtc
Chicago & South Air Lines
-
Yates-Amer Mach capital
6%
capital
preferred
Corp
Indust
,
38%
Chicago Corp common—*———_*——1
Chrysler
Woodall
Apr
Jan
10
common
common
W
Wisconsin Bank shares
<
11%
25
39
•
common—
Carr-Consoiidated Biscuit common—.1
Central 111 Secur Corp common—
1
S
Mar
6
•
350
4%
for Week
Low
•
Westlnghouse Elec & Mfg com—12%
Wieboldt Stores Inc common—.***——*
Apr
500
7%
3%
(E Li cbmmon——•*,—,—5
Piston Ring common
1
Cent &
Feb
148
1,500
2
7%
Co
Convertible
Feb
9%
9%
21% Mj*r
2,200
13%
1%
Ic'Laughlin Inc common——-2'%
Bros
Feb
3%
100
152'/» 154%
13%
3
Borg (George W) Corp
Borg-Warner Corp common
Butler
7%
450
4
Corp
Binks Manufacturing Co capital
Burd
1,250
11%
23%
—1
Berghoff Brewing
&
6
11
154'%
,
5
,
Corp
Bastlan-Blessing Co
Brach
1,500
High
,
Unlisted
Co
Products Corp capital
Automobile Washer common
Bruce
Low
23%
.100
Athey
Bliss
11%
•
Asbestos Mfg Co common
Belden
.
4%,
•
Union Carbide & Carbon capital
U S Steel common
Range Since January I
High
9%
Sales
Range
Par
Sbares
8%
5
.—
Allied Laboratories common
American Te! & Tel Co capital
Armour
9%
Week's
of Prices
Last
for Week
Low
—1
Alum
Friday
Sale Price
Sales
Range
of Prices
Sale Price
Monday, April 26, 1948
Jan
* Feb
Apr
/ 49%
-7
:;
Jan
34% Apr
21
Mar
13 y*
Jan
Volume
THE
Number 4693
167
COMMERCIAL & FINANCIAL CHRONICLE
(1835)
39
OTHER STOCK EXCHANGES
'
Week's
Friday
Last
STOCKS—
•"
!''
V.
,:
»
Lamson
& Sessions
McKee
(A Gj
a._
class
Portland
Medusa
__*
^__4
Metropolitan Paving Brick,
;
23
Last
Low
13%
Apr
Mar
Products
25
70
24%
Jan
36 %
37 ',2
344
33%
Feb
40 %
Jan
Cessna
514
5 Va
200
4% Mar
6V4
Jan
4
910
2%
Feb
4-
Jan
Colorado
115
12%
Feb
Apr
Consolidated
Co
-
Lota
-
N
y
Brass
Mfg
;
6
,
a
>J,
Sargent
25
*
Pennsylvania RR (Un)
Radio Corp of America (Un)_
Reliance Electric & Eng _,
.__!
Republic Steel (Un)
—_
Richman Bros
—*
5
*
Jan
40%
Apr
Consolidated
Feb
36%
Apr
Creameries of America
25
100
24% Mar
27
Jan
57e
57a
57a
100
6174
58%
6174
16
16
al8
574
574
16%
Feb
20%
Apr
Dresser
2S
7%
Feb
10%
Apr
Electrical Products
515
Standard Oil of Ohio common
U
S
Steel
28%
47
Jan
Feb
28%
Apr
Exeter
Feb
47
Dorn
Van
30%
White
24%
Feb,
Oil
Youngstown
Sheet
&
7%
7%..
Farnsworth Tele & Radio Corp__,
Fitzsimmons
1,017
461
24
Feb
31%
Apr
4374
418
39
Mar
43%
Jan
•
;no
104
110
1,559
92
Feb
11
1174
515
11%
Apr
14%
2.45
2.25
2.45
'4,290
1.55
Jan
2.60
class A common
Co
Hotels
5
Corp
Co
1
Co
*
197a
17%
193/s
412
6.66%
173/4
17 y2
187a
1,025
37B
3%
100
10
1.15
1.05
1.15
4,400
10c
1
22c
10%
Development
Motor
Foods
Car
Inc
common
!
Hupp Corporation
Petroleum
Intercoast
Oil
Kern
1
Corp
Company
Corp
Petroleum
S]izxi.'mr
-TO
—1
5
Navigation
21
Electromaster
common
Mogul
Frankenmuth
Brewing
___
SS'dr'mz *
'
Mar
Apr
23
,
4
Feb
7%
Mar
145
_9%
100
4,700
27»
107a
i
Feb
Jan
Apr
6
21%
117a
207a Mar
472
27a
Apr
61
V
,
67a Mar
9,320
274
Jan
Jan
Apr ; v '!•■> 2% Mar
Feb
; 12% Janr
.
•
Jan
Jan
4%
Jan
Feb
1%
Jan
18
625
230
2074
2%
1874
90c
Feb
,23%
Jan
Feb
!; 3
100
3%
-95c
1974
Feb
Mar
2%
16
310
18
.
Wood
General
Industries
:
1
Gerlty-Michigan Corp
Goebel
VA
1
—10
Motors
Brewing
common
V:
Graham-Paige
3,245
5%
527,
7%
8
574-
it*
574
6%
18,GOO
Jan
'
Feb
Mar *
250
4
500
374
Feb
125
V
-10
Manufacturing
Hoskins
-2%
&
Houdaille-Hershey
Howell
Electric
20 Va
574 Jan
5% Jan
Feb
~
Lock &
22
14%
14%
14%
293
14
17%
17%
17%
100
147a
7%
—
7%
150
7
,
17%
197a
690
16
23%
Feb
100
"<
250
87a
Apr
8
Feb
21
Jan
,
4%
3% Mar
4
4
Mfg
•
Feb
Jan
177a
Feb
187a
-
Jan
15
Feb
Motors
Hudson Motor Car
Hurd
22
22
;
—1
1
Jan
LaSalle
Wines
8%
pfd
conv
Products
Clay
McClanahan
Oil
~Z~S.Uo
L;
Corp
Murray
common
National Stamping
common
Packard Motor Car
Davis
Parke
Pfeiffer
Rickel
Brewing
—___
Superior Tool & Die
Timken-Detroit
Tivoli' Brewing
_.
common
Union
..
Investment
common!
U 8 Radiator
2
27
Jan
::
'
V,'
'2%
1,529
1,240
4%
877
900
28
.*
V/S
47«
Feb
14%
Apr
Pacific
Western
•
f.
STOCKS— 7
'
ZS
Feb
Jan
Apr
17
400
3% Mar
400
544
,6% Mar
8% Feb
10
Jan
15
1,750
12
Feb
167*
Jan
400
3
Feb
r r-
Rexall
Rices
400
107a
3,475
300::
6%
15
-
1
563
.v.'.?! :■
,-<•*
'
300
y,
1774 Mar
57a
Feh
10
.
Apr
Feb
13
-100
2%:
7.! 2
Jan
4
87* Jan
37a
Jan
;
1%
Feb
17s
Apr
200
19% Jan
s
Feb
%6
:
2%
•-Friday
, >
Last
v Sale Price
"
:
7
Apr
12
Jan
6y* Feb
17% Jan
2% Mar
.2%
Jan
Company—,——1
7
67a
Barker Bros Corp common—_______ 10 a,a23 7a
preferred ___^—_^_—___!-fc_50
Barhhart-Morrow Consolidated
1
4%7c
___—
Basin
•
or
Bendix
Home
Appliances
Chic a
■RroadT
Byron
'
Oil
46.
30,922
al3
35c
1,150
2.65
8%
10
20c
Mar
Shares
70c
Mar
3,725
•:
High
47a
305
21%
22
39
Jan
Feb
Jan
Jan
Apr
16
475
Jan
44% Jan
77%c Jan
Feb
1074
Feb
15
Apr
140
177a
Apr
20
Mar
65/a
177a
' 674
S79
67a
Feb
7%
Feb
a
674
9%
8%
307a Mar
20
317a
a487a a487a
477a
50
17a
50,346
a575/a a617a
60
26
26
:*' 500
6,825
1974
Corp
common
:
Company—
Co
Finance
Seaboard
Security
900
187a
520
51%
53
17a
49
Feb
■
Feb
Feb
7% Jan
1.10 Jan
26%
5% Feb
Feb
85c
15%
21%
Jan
4 Va
Feb
7
Apr
Mar
20% Jan
177a Mar
177a
16%
153/a
74
2,440
1574
37
377a
1,128
32%
50
50
50%
165
46
795
28%
Feb
417a
12c
Jan
17c
16
11
30
8,560
,,
1,970
245
7% Jan
137a
Jan
107a Mar
15
Jan
Feb
30
Apr
26
4.
Apr
Apr
4174 Mar
22*4ar
.
Feb
Jan
55%
39
-
Apr
37 7a
30
Co
3,394
7
18 72
0
1
*
21%
6%
207a
*
1
Feb
17a
,
4,705
63/a
,24%
Apr
4774 Mar
125
a45 7a a457a
a4572
Jan
3172
49
3,671
17a
Jan
3572
2874 Mar
10
49%
Jan
36
Mar
33
365
317a
1.00
Apr
;
Jan
37%
Jan
51
Feb
Mar
Jan
Apr
39
41%
25c
14c
13c
14c
Signal Oil & Gas Co class A
•
Signal Petroleum Co of Calif.—_—-1
Sinclair Oil Corp
*
140
141
35c
38c
5,100
32c
Feb
21%
197»
22
4,193
15 7a
Feb
137a
14
665
26%
26%
277a
2,116
25%
25%
565
247a
24
7,
1,182
27%
277a
200
27
33
33
153
327a Feb
44%
Feb
5574
Apr
55
Jan
657a
Apr
14%
Apr
Union Oil
—15
Corp.
Trading
Sierra
Corp
:
1
Southern Calif Edison Co Ltd com—25
4.48% convertible preferred
25
4.32%
cumulative preferred—
25
—25
4.88% cum preferred,
—
60
pfd class A__.—25
Calif Gas Co 6%
Pacific
Bouthern
24%
'
Oil
Standard
of
Co
Calif
Oil
Union
Corp
Universal Consolidated Oil Co
Steel
Inc
Air Lines
Western
130
55
55%
758
657,
-
65%
2,007
12%
14%
9,479
210
212
200
15
610
117a
12%
2,369
29%
27
30%
7,971
a777a
a76 Vi
78
345
J
15
50c
Corporation —
California common
of
3,000
143/4
137s
*—25
—
common—
States
United
1
,
127a
2
25
•
10
1
a
53
48
77a
77a
Mar
Apr
Mar
Apr
29%
Jan
257a
Apr
287a
Jan
2274
Jan
25%
Feb
Apr
277a
Apj?
347a
Jan
74
Feb
1427a
Feb
212
13 74 Mar
16
Jan
Feb
13%
Jan
Feb
30 ya
Apr
9
10%
217a
77% Jan
6774 Mar
39
5772
Apr.
7% Mar
Feb
7
Apr
Jan
Stocks—
Mining
Juneau Gold
Alaska
Cons
3 7a
37a
500
12c
12c
1,000
10c
1.55
1.70
500
70c
3%
Mng Co ———10
———10c
Chollar G & S Mng Co
1
47a
Apr
17c
Apr
Feb
1
3 Ve
670
3
a39%
a38 a397a
455
37
Mar
1
Stand San Corp.*
American Rolling Mill—
s
.
8%
8%
83/4
275
7% Jan
14%
13%
14%
1,128
1274 Mar
28%
37a
Mar
•
Corp
Mfg
Airlines
American
Co
American Radiator &
changed
Name
-
Armco
Anaconda Copper
Co
Commercial
334
Apr
Apr
Mar
Jan
280
91
Jan
425
43 7a
303
47a
6%
a__
32
Jan
*54% Apr
Apr
Feb
'
6%
29% Mar
56
117a Mar
67a
—
387a Apr
Jan
Feb
14%
100
Mar
437a
Apr
67a Apr
269
12%
Feb
15%
Jan
100
12 7»
137a
1,570
1072
Feb
137a
Apr
5
Works
40
42
575
33
Feb
357,
35%
3574
420
357/a
35 74
35%
1,653
28 74
2874
240
2374
a397a
a42
122
39 7a Mar
41
Jan
a52
120
47
Jan
52
Jan
1174
360
-rr—--13
al57a
al47a
a
157a
■
42
(The)
.
.—-—_—5
15
—
Solvents Corp
a5l7a
5
11%
25
25
*
10
*
*
Company
25
Commonwealth & Southern Corp——•
Consolidated Edison Co (N Y)—
•
Cons
Vultee Aircraft Corp
1
Edison
a39%
15 74
11
13%
15 74
a43% a43%
a617s a62%
a477a
a46
a49
1,435
277a Feb
3074 Mar
874
10
11% Apr
Feb
1574
Feb
Apr
41%
Mar
Apr
50
377a
40
537a Mar
61
ApT
31
33
Mar
40
Mar
12
12
a25 7a.
a25 7s
a257a
50
a267a a273/a
208
27a
5,466
12%
565
Apr
24
25% Mar
a22%
Apr
28% Mar
Feb
a27%
27a
Apr
35%
107a Feb
24
Apr
12
Apr
3574
—
Service Company
Commonwealth
1,429
43 7a
Caterpillar Tractor Co
Cities
14%
a—
25
3834
137a
al05
Co
Co
1487a Mar
377a
43 7a
Corp—
Company
10
Mar
13 3/4
al017a
25
—3
Corp,——!-,
Steel
38
277a Feb
48
a587a a587e
al05
—
Ohio RR Co__—-
Aviation
(J I)
1,527
Santa Fe Ry__100
Canadian Pacific Railway Co
Case
15274 1547a
5
k
Borg-Warner Corp —:—
Budd
1547a
38%
Corp—
Oil Co
58
13%
Atlantic Refining Co
Mfg
603
a53% a59 7a
297a
2—50
Mining Co
(111)
Topeka
2972
a597a
10
•
American Tel & Tel Co
—-—100
American Viscose Corp ————-14
Atchison
Jan
to
Corp
Smelting & Refining Co
Armour &
•
37a
3%
Corp
Steel
Steel
Armco
Jan
1.80 Apr
Stocks—
Unlisted
Alleghany
Allis-Chalmers
Apr
28% Jan
a217a a227a
260
217a Mar
2% Apr
22% Jan
157.
508
1374
16% Mar
2%
13 %
,
14% Mar,
Mar
245
7%
55c
22
,
Feb
87a
25
3,426
57%
141
Feb
122
'
(Calif)
Superior Oil Co
Transamerica
657a
IZIi
Sunray OH Corp
Inc
55%
•
Company.
Columbia Gas & Electric Corp
10
10%
:
Jan
19
15% Mar
2,027
67a
Oil
13 74
127a Feb
3374
3172
*
6% Jan
124
Mar
52 %c
&1672
r
2.85 Jan
Feb
1.95
157a
87 %C
Co—
Stores Inc
Borden
Range Since January 1
Low
r-
.
Feb
11% Mar
Feb
67a
550
6 74
Bethlehem
2,200
11
page
1.30
6 7a Mar
15c
4,000
11
1.00
Oii
Boeing Airplane Company
for Week
6,205
30
f-ee
Jan
37a Mar
Jan
a357a a357a
10
& Timber Co
Sears Roebuck & Co
Bendix
15
127a
.1
Corp
Co
ootnotes
15
7 57p
678
a22% a237a
40 •;
40
70c 727ac
.2
lept Store
Jackson
72J%c
-33 %c
Blue Diamond Cocp
Bolsa
> f
17s
94
18c
1
Bawrisdall
'
petroleum
Bandlm
a67a
112
Corp
Oil
Aeronautical
Baieway
Avco
Sales
Week's
Range'.
of Prices
Low ,High
Par
1.25
.'32%
33 74
Drug
Ranch
Ryan
Amer
!.•
19
•••■
6
2
374
•
Angeles Stock Exchange
'*•.
Apr
Jan
1.50 Jan
Petroltum Co common^
1
Inc—!_
——2.50
Repdblic
Jan
6V«
77a
14%
_1
:
Apr
27272
1.05 Mar
al3
25
337« Jan
Feb
9
7
__!_1
•
2374
Jan
270
600
55c 57 %C
«.
Puget Sound Pulp
Jan
2%
Feb
Mar
4%
105
17
10%
1074
.
.t
Jan
Jan
3% Jan
2.25
2.50
Calumet Gold Mines Co
5%
19
!_!__1
Los
'S'i'lr.
Apr
1.40
1.10 Mar
14%
Jan
1.20
16c
__10
common—
Rights
Baltimore &
-4
30
975
*
—
Corp common
Baldwin Locomotives
•
Apr
Jan
3
3%
10%
preferred
1st preferred—
1st
Apr
17
474
ai 3%
1
Warner Aircraft common
/ Wayne Screw Products.^—
Feb
Feb
14%
15
———-._!__
—
Apr
Feb
7%
1
:
.
Udylite Corporation
77a
.6%
8%
—5
...
Apr
Jan
29%
2Vi
1
Axle
5%
1%
5%
8%
—1
Apr
13'/a
4%
'7%
__lo
Jan
Apr
2
2174
29%
474
2
5
—
Paper common.
8
2y«
150
2%
17
Manufacturing
Sheller
14%
——!u—*
—^
(H W)
Raisin
River
Scotten-Dillon
27
1374
"5%
1
'■
Feb
! 47a Mar
8,502
!
27
2%'
•
Products.:
'
700
,,1% 7 1%
1%
—*
——
Metal
Peninsular
Apr
2074
'
2
___
■
530
143%
10
__i.
200
27
—*
Jan
17a
774 Mar
570
7%
Jan
1%
3774 Jan
Feb
2% Mar
500
1%
—1
common—
Products
Motor
2%
5%
477a
Feb
a67a
a6%
—25
57a r/o
25
Pacific
Indemnity Co—
10
Pacific Lighting Corp common—
•
6 %
Textron
1,000
•
2%
7%
_
:
:
V" -8%
8
4%
17a Mar
33%
280
5%
i
-!—— 1
McAleer Mfg common
'5 %
.
2
common
Products
Screw
500
Jan
15
Feb
3% Mar
200
1%
37%
j
Lakey Foundry & Machine
Masco
47 '
1%
1%
-10
_
10
4
4
—1
(SS)
Co
f.
36%
common.
Kingston Products
Kinsel Drug
Kresge
10
1
common
Jan
95c
37»
•
Kaiser-Frazer
Feb
15
51
Jan
90c
1.20
Solar Aircraft Company
Bearing
Hall
Hoover
34c
Feb
'
1
—_
'■
■
Jan
Apr
Apr
8%
Feb
4% '/ 47a
Z 43/4
7%
58 y2
Feb
508
-
77a
58% .58%-
-
1
7 7
7%
1
—
H
58%
Corp
1.05
1.25
5,800
3
27a
Jan
2,300
9,110
1.25
1.00
1
Pacific Gas & Elec
Shell
:
Gar
Pacific
Richiield
27a
90c
.
21
Jan
15%
Feb
11,130
10
3%
^
r
1
———
5374
11%.
-
18
_i
__
—
Feb
325
6
11%
t
:!•;
217a
274
T
2%
_—1
Trailer
'
18
Ale
Friars
Fruehauf
' {•' t
11%
—i
common
Federal
'■•'iiaU
—4
; i23/4
'•
.
Jan
.
Feb
650
77a
4%
207a
10
sss«
Stove
£
77a
>.!
19
2%
22%
Feb
274
•
650
22
1
Detroit Gasket common
Detroit Gray Iron
Detroit-Michigan
61
6
—20
common
High
872
15%
S 7 Va
■■
'
>
23/4
1.00
——1
1
1
Ltd
Feb
8%
21
1.00
1
1
Co
Apr
97Vac
.
3,800
1
Inc
Petroleum
Occidental
v
1.25
37a
18% Mar
47a Jan
2,900
1.30
21%
—1
Oceanic Oii Co___
350'1;;
143/4
—100
1
1.40
227a
2727a 2727a
1.30
21%
X
Co
Petroleum
Pacific Finance
600
27a
21%
5
>>
'
30
10c
Co
Aircraft
25%
Feb
Feb
1,950
50 74
2974
Jan
157a
3,446
50%
Apr
21
3,075
51
110
157» Mar
1,000
1074
5774 Mar
Range Since Jannary 1
Low
59 7a
15%
____
»fc'"
25c
9
1
Co
Lockheed Aircraft Corp
;-v
25c
5
County Land Co
Lane-Wells
National City Lines Inc
Sales
22%
Mar
Apr
5774
High
21
2274
a
51
.
Jan
14
Jan
317a
Shares
27a
27a
—2
8% Apr
9%
87a Mar
10
30
for Week
Low
_
r
400
250
Jan
427a
Northrop
Range
Par
Cleveland
••
Mar
56 7a
Nordon Corporation
of Prices
.
9%
137a
10
Angeles Investment Co
Mascot Oil Company
Menasco Manufacturing Co—
Week's
Last
Sale Price
574 Mar
2,413
974
13%
320
31%
Exchange
Friday
-••V.
83/4
778
-
Feb
295
4374
DETROIT
stocks—
Bros
10
•
Katser-Frazer
Building
Detroit Slock
&
3027a 3027a
3027a
8%
1
common
Monogram Pictures Corp
Mt Diablo Oil Mng & Dev
Edison
Apr
95c
Gladding McBean & Co
Merchants
Detroit
14
Feb
490
12,300
65c
Goodyear Tire & Rubber Co common--*
Telephone: Randolph 5530
Davidson
Feb
60c
14
80c
13%
2
Los
Detroit
11
14
1
a
(The)
General Motors Corp
Lincoln
...
Jan
Jan
Chicago Stock Exchange
Consolidated Paper common
Apr
143/4
Jan
New York Curb Associate
!_
277a
Apr
79%
Detroit Stock
Corp. common
617a Mar
Jan
12 7a
Feb
New York Stock Exchange
Chrysler
Feb
217a
120
65%
Jade
Burroughs Adding Machine
%
666
13
Apr
Jan
10% Jan
2% Apr
Members
Products
50
277e
Apr
12%
23%
Watling, Lerchen & Co.
Metal
102
25%
53/4
347a
Apr
Hunt
Electric
97a Mar
Feb
2%
Hudson
American
540
350
19
90
Exchange
class
Stores
Corporation
Garrett
Holly
Allen
34%
75c
.100
Bk^
Jan
Mar
Hancock Oil
'!%•
Apr
173A Jan
Feb
16
13
5
Natl
Merchants
&
Hilton
Ford
16
123% Mar
1174
277a
—1
A—
Jan
150
a76 % a78
*
class
78%
300
22
Ltd
31%
7
1,875
2%
22
1
Tube
8%
2%
__2
:
_■
Co
Feb
24%
95
.20%
*
& Chemical-
—IT
Motor
Feb
Apr
57a Apr
6374 Jan
33
4
67% Mar
729
a76% a76 %
__*
Works
Iron
Warren Refining
•
?■
547a
Jan
17
Apr
18%
1,089
-
.
Mar
31%
11
347a
-50c
Corp
Emsco Derrick & Equip Co
22%
337
28%
43%
_10
(Un)
common
Feb
57i Apr
2974 Feb
——1
Industries Inc
Farmers
I
Corp__
41
20
a23% a23%
4
70
574
137a
225
al8
High
20% Mar
1,568
16
al8
Douglas Aircraft Co Inc
160
10%
a
Steel
225
a63 78 a 65 7b
Engineering
33
630
17
17
2.50
•
pfd—-20
__1
—*
Corp
26%
8
Low
23
<2272
'
46%
*
._.
—_—
Iron
&
322
24%
•alOVs
16
Fuel
34%
al9%a20'/a
50
.
16%
a
34%
*
____
15
a3934 a39%
B—*
class
\ Ohio Oil (Un)
Patterson
1
—_
RR (Un)
Central
Ohio
I;
&
Range Since January 1
High
23
Colorado Fuel & Iron Corp com—
Tile
National
Shares
1
Corp
Chrysler Corp
3%
5 'A
Aircraft
lor Week
of Prices
20
1
Central Investment Corp
Certain-teed
Sales
Range
Par
High
Feb
10
592
13 y2
Week's
Friday
Sale Price
STOCKS—
Range Since January 1
26
37 V2
—
APRIL
25
*
—___.
Cements
ENDED
Sales
Shares
High
13 %
10
_
B
Low
Par
v:
WEEK
FOR
for Week
Range
of Prices
Sale Price
RANGE
274
Feb
Jan
.
..
mtaKdu;,^^;^" *,^♦rv.WWW-1^ rthiwu.- tin'. >
COMMERCIAL
THE
(1836)
40
fiT/ViVLvt^W-N V+flAjmr K4'«' 1» "S-* f I'ih »f i Uurt^tftMiflAWl
■■** >k"*
wwsm
&
FINANCIAL
CHRONICLE
Monday, April 26, 1948
OTHER STOCK EXCHANGES
RANGE
Friday
ENDED
APRIL
23
Friday
Range
Sale Price
WEEK
Sales
Week's
for Week
of Prices
Shares
Last
STOCKS—
FOR
Low
High
8%
€%
165
LOW
a58% a58%
23
1
5
8%
Corp
5
Curtis Publishing Co. (The!——•
Curtiss-Wright Corp common-1
30'/a
30 '/a
30 %
a9 %
a35/«
a9 %
80
8
7%
8%
5,493
Crown
—
Zellerbach
Class
& Share Co
Bond
Electric
General
Pocds
Goodrich
(B
Corp
Pi
12%
13
35%
36
38%
38%
38%
12%
12%
13
13
•
*
•
*
1
*
3
—
General Public Utilities Corp
Company.
Graham-Paige Motors Corp
Great Northern Ry Co pfd
Greyhound Corporation
30%
27% Mar
McKInney Mfg
9%
34%
Feb
38%
1,146
11%
Feb
13
51%
Feb
53%
Apr
Screw
Tel
Apr
Renner
3% Mar
5%
Jan
43%
495
10
Feb
11%
Apr
Apr
11%
& Libby
Libby McNeil
14% al4%
a
Co
United States Glass
Prod
Distillers
t
v
c
Vanadium Alloys Steel
25% Mar
29%
Apr
Westinghouse
Brake—L
105
53
Apr
54%
Apr
Westinghouse Electric Corp
1,965
12%
Jan
13%
56%
56%
390
42%
Feb
56%
9%
9%
655
8%
Feb
10%
19%
Apr
Apr
Corp———
29%
19%
al4
660
16%
275
19%
Feb
12%
al4
65
58%
58%
572
48%
Feb
58%
455
15% Mar
17%
18%
Northern
Pacific Rwy
Ohio
Company
Oil
Packard
13
Apr
13
y
Feb
Pan American
—100
Co—.—
1
Airways Corp.—-,
1,510
9%
Feb
Railroad
15%
Jan
16%
12% Mar
Jan
22%
200
17%
Feb
22%
Apr
36 3'4
715
26%
Feb'
36%
Apr
4%
4%
4%
1,465
9%
9%
340
23%
23%
340
20%
781
9V'4
.—50
Co——
Pepsi-Cola Co
20%
Oil
4 %
Jan"
5
Feb
8%
Feb
Feb
24
16%
Feb
20%
Apr
Republic
'"
American
Corp
'•"
St
Burkart Mfg common
Clinton
Industries
common..
Columbia
Brew
Schenley
Distillers
Seaboard
Oil
Corp.-
Southern
of
Co
Del..——
Falstaff
Standard
Brands
Standard Oil Co
Oil
Standard
Stone
Inc
(Ind)
1
Co
Inc
Studebaker Corp
Swift & Co
168
48 %
Apr
48%
Apr
895
25%
Feb
35
Apr
8
Feb
10%
Apr
a8%
98
8
Mar
9%
Apr
2%
a3%
2C0
% Feb
1
'I 25
'■
3%
22%
2% Mar
Feb
Feb
:
Carbide
Union
Pacific Railroad Co—:
United
Aircraft
United
Air
United
Carbon
it
950
-
60
32%
a_.
365
132
a
420
Feb
Apr
'
32%
a
-*i
5,851
41%
28%
a—
V. 26
Shoe
38 VB
315
29 y8
293/4
581
Apr
18%
Apr
Feb
41%
Apr
a45 % a47%
103
38
25%
Feb
27%
Jan
Mar
43%
Apr
80%
4ho
71%
Feb
80%
Apr
13 %
13%
100
11% Mar
13%
20
22%
1,225
a33 % a 34%
133
61%
61%
59%
/
25
—
22%
*
•
176%
a
5
■>•>
a
:
1
Company.—..
—10
a45%
,_5
12%
Feb
365
49%
Feb
4;024
23%
•>
180%
23%
23%
19 %
476
Feb
98% Mar
99
156%
25
23%
Feb
60
a3**
a3
19% Feb
200
115
a
12%
'
Jan
53%
16% al7%
(Del)
36%
17
633
■
a28% a28%
Inc..————10
22%
30% Mar
25%
115
180%
Feb
Apr
Apr
59%
22%
115
a
61%
Bros
Western
Union
Pictures
Inc—
Teelgraph Co...
*
Westinghouse Electric Corp—
Willys-Overland Motors Inc
Woolworth
Co
(F
,.12%
16
Feb
Jan
61% £ Apr
59% Apr
25%
Apr
25%
Apr
Apr
115 .s.
174
W)
28%
19
Feb
202
38%
Feb
12%
,253
10%
Feb
13%
170
18%
Feb >
23%
650
25%
Feb
29%
Jan
9%
275
7%
Feb
9%
Apr
46%
330
44% Mar
46%
Apr
American
Baldwin
Budd
Tel
&
Tel.——.—:
Co
.
—100
Hussmann
.
24%
151%
—13
Storage
General
Gimbel
Motors
Light..
Battery.—
Corp.—.
Phiia
Philco
Corp
Apr
Apr
Apr
25% Mar
31%
Jan
40
50 Mi
Apr
Refining
1
International
Shoe
Knapp-Monarch
common
Range Since January 1
.5
Laclede
Steel
8 3%
9%
Low
12%
High
7
15 3/a
Apr
Feb
8
523/4
182
17%
11%
Feb
63%
Apr
Jan
Feb
Mar
15% Mar
1,423
54%
495
58%
11%
12
49%
583
'
9%
Jan
*
'
-
6%
1,059
V
Feb
50% Mar
17%
Missouri
North
Portland
American
Ricc-Stix
St
1st
__
Coal
;
Louis
Public
Service
Sears-Roebuck &
class
20
,
STOCKS—
6%
Scullin
Steel
mtge
3s
Mar
10
Jan
Apr
16
10
15
'
685
8
170
5
32 '
20%
18
15%
14 Vi
335
4% Mar
28
135
;
20
STOCKS—
i: '.; vj:i
•
Alreon
Mfg
;I,:/c
p /
17
Corp
of
—50c
California
34
14 Va Mar
5
5%
133
Home
N
u
10
%
Apr
%
Jan
,
4,121
6%
Jan
2,876
18
Jan
19%
Apr
8,005
16%
Feb
20%
Byron
•"."/
570
5
;; 35
5% Mar
40%
4,147
21%
Feb
Feb
48%
23%
Apr
10
145
21%
Feb
25
-10
18% Mar
20
Apr
32%
:
24%
33%
518
28
33%
9%
Jan
Mar
California
480
10
~3%
*21%
16%
Feb
20%
Apr^
1<)0
8% Mar
/. 11%
Jan
43%
44%
'321
39% Mar
46 %
Apr
1%
175
1
Jah
1%
Feb
3%
3%
1,093
2
Feb
33/4
Apr
21%
22
897
20%
22%
38%
22%
73
22%
38%
38%
50
22
Week's
Apr
14 V4
Jan
52
272
48
Feb
55%
Feb
100
$300
99
Jan
Feb
22%
Exchange
Sales
for Week
Shares
Range Since January 1
Hitfh
Low
24
Feb
38%
Apr
28'/a
29%
3.513
'L>( 6%
7
902
6% Mar
7% Mar
6 Vi
6 Vb
100
5
Jan
6%
242 >:
255
55
230
Mar
'260
Jan
15
16%
Apr
19% Mar
6 Vb
Feb
•V/
:y."
13%
8
15
16%
16%
8
%
250
a7%
Creameries
7%
7%
100
nr
25
High
Feb
31%
Jan
7 3/a
tz
—.
16%
119
16%
12
12
12
300
11%
Jan
12
/,
12%
429
10%
Feb
12 Vi
Apr
28%
28%
28%
180
25
Jan
28%
Apr
28%
27%,
28%
—1
8%
8%
8 %
23%
...
24%
20%
21
.Harbison Walker Refractories
J^jne Star Gas
^.^.10
page
46.
21
105
417
T
4y8
Jan
Apr
32%
Jan
Jan
Apr
'
Apr
8
Apr
28
/■
25% Jan
4
50
32%
1,321
52%
53%
86
60%
a64
322
68c
1.05
10,132
62
59
62
y.: 1,304
20%
2cy«
20%
15%'
15%
a64
-
Iron
a
1.05
3 V3
J*
com——....
A— 2 %
cl
Edison
—
Chemical
Vultee
of
Ind
Air
Amer
?ellerbach
$4.20 preferred
Di
class
.25
a27
Apr
13
Mar
Apr
common..
10%
common...
30%
33%
Jan
Feb
53 Vi
61 %i
Apr
1.30
Jan
71c
54
Apr
Mar
15%
■Z
26
Mar
4%
1,065
;
99%
214
111
40
13%
13%
12%
7%
7%
...
i-
13%
7%.
—
15
a41%
22%
Feb
126%
Mar
12
■
Mar
34%
Feb
15%
Feb
l25
Mar
f40
36
37
1.50
2,200
1.05
7%
8%
5.514
5% Mar
10
a41 Vb
a41%
2 %
5%
5%
Food
.1
Machinery Corp
Foster
&
Kleiser
common
General Motors Corp
common—lo
General Paint Corp com..
Ltd
0
Honolulu
Hudson
Corp
Car
1,177
18 % Mar
32
541
24
3,118
15 Va
68
68 7/8
11%
12
1,614
18
18
18
625
Jan
Libby McNeill &
21
Apr
Lockheed
Libby.—
Aircraft
Corp
»;6
'l
Jan
58
Apr
23
Jan
Jan
Feb
32
Apr
Feb
19
66
Feb
Feb
Mar
■
Apr
^72%jJan
!
12 Z
19
t
Jan
Jan
21
21 Vb
782
2.40
2.25
2.40
2,875
64%
62
64%
2,670
52 %
Feb
'64%
Apr
3 Va
110
3%
Feb
3%
Jan
19
360
16%
Ffeb
20%
820
15%'Feb
1
3V'8
'
6.66%
Jan
26%
139 % Mar
21 Va
Jan
Feb
Apr
20
10%
16
J an'
8%
—*
Co
com.,
65
-
3Va
19
17%
18
18
.
18 Vb'
10%
9
10%
740
50%
50%
16%
Feb
1.60 Feb
8%
15
Jan
Apr
21
33
05
32
Feb
a21% a21%
50
16
Mar
Apr
*
9'/a
9%
381
22%
2,019
8%
14
Jan
51
43
455
21'%
Feb
Apr
1,722
22
„__l
Apr
Feb
51
...__7
2.60
Mar
33
a21%
22
19
21
33
f
Jan
3 i"o
'
18% Mar
165
12
8%
Feb
Feb
Mar
19%
19%
39Vi
18%
5
51
19%
18 Vs.
7% Mar
21%
355
19%
23% Feb
120
34% Mar
1,437
29 %
Kaiser-Frazer Corp
4
1
Kern County Land Co
___5
Langendorf United Bakeries class B.."
Leslie Salt Co
;
10
LeTourneau (R G) Inc
105
Apr
53
,
•
Apr
—.1
Z
Plantation Co
Hunt Foods Inc
V 50 .'
•
inc
Stores
Motor
-,
,30
.
19
.100
Corp
Oil
/
32
common.—
Pineapple Co Ltd
Development
Honolulu
,
3
Co
——
preferred
Bros
922
19%
19%
preferred
Hawaiian
Holly
56%
58
Jail
144
1.40
Radio
14
3,235
24%
8%
&
Jan
', 8% -Jan
,41 '' Apr
1.50
Television
14
6% Mar
Farnsworth
-
Apr
Jan
•
12
770/
Jan
'
99%
103%
"
J an
-
Feb
Emporium Capwell Co commonl——•
Eureka Corp Ltd
1
•
13
34
1
91%
1.09S
1,902
a41% a41%
24
...
'
Mar
16% Mar
97/s Mar
98
Jan
6
12 % Feb
26% Mar
.
Jan
28%
"43
Feb
760
13%
Doernbecher Mfg Co___._
Apr
25% Mar
38% Mar
3,027
13%
Jan
23
13% Mar
11
„5
Jan-
25% Mar
400
14%
Feb
62
20% Mar
30'%
-5
com.:
common..
Feb
52
53% Mar
111
—
Dorado Oil Works
Jan
10%
99
...
common
51
29%
y
Jan
Apr
28
>
553
•'.I. y 6
6
Jan
4%
47
131
:
.
•y 14 >/0
Corp..—
Inc
Corp
Dow Chemical Co
2%
3%
84
V
41%
.40%
—
B
Feb
300
,,
a26% 2.21 VB
A_
•
898
a26% a267/8
■;I;
preferred '.I.T
Giorgio Fruit Corp class A
Class
7
251
32%
Co
&
25
51
Jan
12
—10
—
Brewing.—.
15%
Apr
Apr
Apr
4%
•
Jan
11%
260
■.
51
—50'
Crown
Hale
Low
7%
/■
a7%
3%
51
Consolidated Coppermlnes
Greyhound
Range Since January 1
156
28 :
28
/
1%
Feb
28%
324
-
>'
Jan
2%
yy
250
7%
16%
v.
*
:
Chemical
Consolidated
4%
15%
0
Electric
Shares
30%
y
600
*
common
—
Golden State
High
29%
High
300
3%
'
Feb
Feb
Mar
12%
com...
Co.
—
Low
30%
—
Apr
6%
.....
for Week
of Prices
100
29%
—
Clorox
Sales
Range
Feb
37%
Feb
11%
racking Corp common
Preferred
El
1%
44%''
7
Apr
11%
1
Jan
20%
•.
,3%
Caterpillar Tractor Co commonCentral Eureka Mining Co
1
2.50
Chrysler Corp
;
Jan
19%
39%
Jan
=""32% Feb
of Prices
—v".-^.1:—*—■p
Co
Sugar
2nd
210
19%
,
Jan
137%
Apr
13
„
Week's
.
33V3
.2
Jackson
Calamba
Apr
24
17y4
125
Low.
100
A
Appliances
Consolidated
6%
24 %
Jan
Mar
37%
Range
Apr
23
Jan
19
14'-
100
_—...20c
Commonwealth
6%
22
23%
19
16% Mar
51%
52V2
10
Oil
Apr
Feb
Feb
19%
22%
Feb
Mar
300
133
5'/4
Par
Alaska Juneau Gold Min Co
12
9%
48 %
Apr
14'.
,
Sale Price
Broadcast; System
4%
46%
Jan
32
'
Last
Fuel
20 3/4
473/a
5%
Mar
19 %
200
San Francisco Stock
Colorado
80
5%
Jan
•
,'
15%
133
1.
..1951
Columbia
19
Sale Price
Arkansas Natural Gas Co
Blaw-Knox Co
see
Jan
Jan
\M
Apr
39
Par
footnotes
45 Vb
'
BONDS
V'r/•
Apr '
490
Last
For
39% Mar
11%
36%
Jan
6%
Friday
Pitt
Jan
205
50
*17% * 18 3',
_.
common...———15
21%
Pittsburgh Stock Exchange
Fort
Jan
42 %
18
A——50
Electric
Wagner
Cum
to.
/
24
31%
>
/
183/a
10
common———5
Gladding McBean & Co_..__
Follansbee Steel
35
Apr
8%
Co
Fuller
&
(Un)
common
56%
58 %
19%
10
.
Duquesne Brewing
Mar
20
5
I.
Cement—.——-.25
preferred—.__100 k
Feb
20%
*■
_
&
Apr
33
295
:
-
20%
McQuay-Norris common ...
10
Blunke common..—.—\
Jan
u
common
Gas
12 V*
T&o
20%
14%
5
32
Meyer
-17%
G%
'
■»
20%
(D L)
11%
34
42
9%
.
—.20
common.
Calaveras Cement Co
425
9%
Jail
20
..
common.—-—4
California Ink Co
835
32%
Clark
20
120
33%
..
—1
Gas
Apr
113/a
3
Columbia
27%
-50%
11%
"
connnoir
Apr
61%
.
HM
6Va Mar
*
20V2
27%
21%
.1
Alleghany Ludlum Steel
2,055
23%
50
,i
,33%
154%
59.
Reading Co common...—II...50
Salt Dome Oil Corp
Scott Paper common...:.
*
Tonopah Mining
.1
United Corp common.——
_._i
United Gas Improvement
13%
Inc
15
27%
—
.6
■»
22% Mar
20%
Wire
Westmoreland
Apr
58%
147% Mar
56
...
Westmoreland
15
APr
23 y4
334
3 0%
>
53%
common
Insulated
Jan
36%
1,561
21%
Pennsylvania Salt Mfg common..—.10
Philadelphia Electric Co common
*
preference
33
,
Feb
15%
14%
58%
Pennsylvania Power & Lights————*
Pennsylvania RR
—50
$1
Apr
Mar
154%
152
Light.
Pennroad Corp .!
26%
51
5
Bank
.
'——10
Lehigh Coal & Navigation.—. —10
Lehigh Valley RR
50
&
395
*
'
—5
—
Power
Apr
27
15
740
/
61%
■
—13%
4.
Brothers
National
19 s/4
31% Mar
—
Electric
Apr
200
Bishop Oil Co
Shares
27 %
11%
•
Publishing Co
&
16
285
...4
Bendix
High
15%
.
1—2%
Delaware Power
15%
615
256
common
Basin
Sales
*
Works—
Chrysler Corp
Curtis
27%
———
Locomotive
Low
v.
*
Stores
Jan
19%
26%
27
;
Bandini Petroleum ———1
for Week
of Prices
High
13%
'
Par
American
Low
169
36
Apr
29%
Range
Range Since January 1
15%
58%
common
Apr
Week's
Last
Shares
16%
>
•
Apr
23%
3%
Philadelphia Stock Exchange
Friday
<nn
*
Anglo Calif National Bank....—.20
Atlas Imp Diesel Engine....
2.50
Sale Price
Apr
3U
High
42% Mar
45%
STOCKS—
38%
55%,
Apr
r *
2%
8%
10
Feb
Feb
Apr
Apr
29 %
9%
l
32%
25%
Sales
of Prices
Friday.
Warner
Jan
'
Huttlg S & D common
Hyde Park Brewing common
Stix-Baer
25
a43 % a 45%
36
.—;
Feb
,
Apr
for Week
Range
—„
15
1
33
Exchange
Week's
Low
:
Laclede
35%
50
a34%
..100
Corp
Lines,
Corporation
U S Rubber
Corp—
Apr
Jan
4% Mar
80%
*
Union
28%
18%
13%
10
Twentieth-Century-Pox:
8'%
35%
48%
2,978
*
Co.
53/s Mar
15%
_10
Griesedieck-Western Brew
,.17%
a47
25
Co——!
235
uan
22%
Apr"
a24% a25%
-25
Associated Oil
Apr
8%
15c
15
36Vb
Jan
35
1
-
9%
1 y4 Mar
Mar
58%
55
a49"% a52%
25
—
53/4 Mar
Jan
1
23»/4
22
41%
—*
——:
Company ;
Texas Gulf Sulphur
Water
18%
25
Texas
Tide
a52%
*
J)
(N
& Webster
610
36%
■
,
1
(Un)
41% Mar
28
*
,
9%
29%
(Un)
common
15% Mar
32%
■*
—
11% Mar
luc
common:..—*—i
Brewing
Electric
General Motors common
400
al0% al07/«
15
Railway Company..—
50
130
2,000
12%
540
10%
28%
.—1.75
Socony-Vacuum Oil Co
1
13%
143/4
18
a3%
—5
•
Apr-
common.,....,——5
55
2
——*
Regis Paper Co
43^
12c
36%
Par
■,
Laclede-Chrlsty common
Republic Steel Corp—
Apr
395
1
General
a8%
50c
/
common^
Inv
48%
———
Pictures
Apr
10%
10%
Radio-Keith-Orpheum Corp ——_—1
Warrants
4%
Jan
10% Mar
18%
-
34 %
*
*
•
Company
of America——
Radio Corp
112
35
Sale Price
53
55
Phelps
Pure
4%
Last
17%
-33%
...
Dodge Corporation——
Pullman,
Incorporated
Jan
33%
Friday
General
Pennsylvania
Jan
10
St. Louis Stocks
16% .Apr
12% Mar
202
35%
—1
_
2,575
22%
.
.
16%
12%
15% a 16%
a
22%
"i—
.I2I50
Co..
inc
15%
a
«
Pictures
Paramount
15%
J 2
—10
:r.
Car
Motor
1A3'-
1
Inc—
—-—.
39%
Feb
35
21% Mar
-
15%
*
Aviation
American
52%
Feb
7%
8
Jan
170
Air
Apr
16
a21 a21%
a
.
RR_,
Central
York
New
Mar
34%
175
Apr
5
North American Co
30
124
9
8
~9%
STOCKS-
North
330
38.
Apr
9%
Jan
Apr
56%
Apr
3%
2 % Mar
Apr
1
12.50
13%
Apr
6
lie
1
....
54%
19%
Corp
Feb
33%
12c
common..—...1
Feb
'
29%
58%
Inc
4
Apr
15%
4 3/4
..1
12%
——*
Nat
12%
Feb
39
3
83<i
43/4
"Toy Mining
:
1
Standard, Steel Spring........ 1
54%
Magna vox Company .i——Nash-Kelvinator
11%
35
37
.*
13%
—.'v~~
Montgomery Ward & Co Inc—;
*
Loew's
18
809
5,250
7
Apr
11% Mar
5,619
3
39
ban
37% Mar
11%
6
2%
~9
Pittsburgh Steel Foundry com...
142
50
4%
3
15%
Feb
Mar
1,025
■
14 Ve
5%
:—
15
•
•
Corp
Copper Corp
Kennecott
Corp..
7
Tel
&
15%
*
—*
Canada—0
Nickel Co of
International
International Paper Co -1
International
Bolt
it
High
3
Pitts
a44% a46%
If'/a
6%
125;
Apr
4%
4 %
__
-*
350
3
Mar
Common
Interlake Iron Corp
7
3
36
523
a55% a55%
4%
a46%
6%
3
13
Apr
Low
7
24%
32
Apr
Apr
Range Since January 1
High
...——I
Feb
8%
20
Low
Fuel
Mountain
Shares
...———.5
-
Feb
9
Feb
774
'
Mackintosh-Hemphill
Mar
Feb
4%
462
;
-
Jan
Par
•
Supply.—
— 30
National Fireproofing Corp——-—5
Pittsburgh Brewing common.——
$3.50 preferred
:—*
Pittsburgh Plate Glass—
ro
7%
265
a23% a24%
5
—
Co
549
Apr
Mar
55
Mar
*
A—.......1
Electric
oeneral
50
8%
for Week
•'
High
6% Mar
Sales
Range
of Prices
Sale Price
STOCKS—
'
Par
Continental Motors Corp
Continental Oil Co (Del)
Week's
Last
Range Since January 1
25
35%
16
Jan
Jan
Mar
Feb
10%
Apr
Feb
23
Apr
J
1 i
-
Number 4693
Volume 167
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
i*."?
<
.'
'I
OTHER STOCK EXCHANGES
RANGE
•
Friday
Week's
.
Last
STOCKS—
Par
<
Range Since January 1
High
LOW
:?
*■•'*>.
•
••
Auto
Fibres
National
City
National
Linen
28
New
Park
High
5%'A
'
-
:
preferred
B
Jan
Barnsdall
Oil
1.15
250
14%
Feb
16% Mar
880
8%
Feb
10%
10%
24
Mar
Jan
3% Mar
Bendix
<
Locomotive
Ohio
Co
Bethlehem
Steel
36
—1
6%
100
6
9
Jan
Borden
172
6%
Apr
6%
Bunker Hill
11
11%
830
10%
Apr
11%
Apr
Jan
1.60
1.65
600
1.55
Feb
1.75
Apr
Apr
Chesapeake
1.65
1
12%
13%
75
71%
38
39%
58c
58c
28%
28%
28%
12%
120
75
39%
12%
1
.—
9%
125
13
Feb
Mar
67
%
75
Jan
& Ohio
600
39c
Feb
68c
150
28
Feb
29 ya
112
-
Pacific
Fisheries
Amer
__T5
_
10%
Feb
13
Mar
11
Apr
12
Jan
Consolidated
Edison
12%
Feb
15
Jan
Consolidated
Natural
11
*
Pacific
Coast
—5
„25
-25
—
Pacific Gas & Elec Co common6 %'• 1st
-
preferred
5 Mi % -1st preferred
5%
Apr
Apr
Columbia
Pacific
1st
1,624
32%
33%
8,634
30% Mar
36%
Jan
35%
35%
35%
867
33
Mar
35%
Apr
31%
31%
31%
529
29
Mar
31%
Apr
a28%
a 28%
49%
common-
47%
40%
1%
1%
Pub
Ser
Tel
&
*
Western
Paraffine Co's
Oil
27% Jan
29%
Continental
14
564
12%
25
270
22% Mar
169
90
Feb
Feb
iVs
Apr
Jan
:•
Feb
29%
Apr:
;
41 Vs
Jan
41 Vs
Jan
;
39
16 Vb Mar
jll'A Apr
j
115
10
Apr
15
I
15 Va
1,375
10
Mar-
42
I,074
40%
Apr
%
204
32%
Feb
10%
*15
Feb
10
15 Va
13%
42
40%
a48%
al41
3
140
Feb
146%
56
200
49
Feb
■
26
1,252
22
12
15
Co
-
3
'"932
22
22*%
641
common
Roos
Bros
Ryan
J_^
General
Electric
Apr
General
Food
Apr
Goodrich
Apr
Goodyear Tire & Rubber common.
Graham-Paige Motors common
20
10
Feb
13
55%
Feb
66
%
Apr
45%
45
43%
1,745
36%
Feb
45%
Kodak
Co
of
N
7%
7%
-
Feb f
26
Apr
*
Co—
F)
59*A
Feb
25% Mar
OR
7%
Feb
7%
a8%
8%
;
30%
14,673 7
\
•
31
4%
943 '
25 Vs
'.
a44
■
■
12
Roebuck
Shell
Union
Co
&
263
.
7
10%
Mar
38
Mar
Jan
Class
a 54'/a a 54
!•
a43%
-1
4%
Oil
common
___—___
Signal Oil & Gas Co class A
Soundvlew Pulp
Southern
4%
45%
25
54
Jan
Holly
305
22%
Feb
30%
Jan
33
33%
435
31%
Feb
34
Apr
Hupp
26
:
4.48%
preference
4.88%
.
39
Apr
Jan
8
53
Apt
55
"Apr
:
Co
/
7'/a
Feb
3%
.4
200 '
3%
Apr
1.90
Apr
Corp
Feb
26
Feb
23%
Jan
Idaho Maryland Mines Corp
International Nickel Co Canada
—1
Feb
Jan
20%
Apr
International
Co
~1*
—
„*
18%
:s%
32% Apx
27% Mar
4%
1,035
10c
10c
21,000
a36% a37%
295
19%
15
39%
Jan
7%
140%
33%
530
18%
Kennecott
20%
Jan
Matson
13c
Feb
McKesson
Feb
37 %
Apr
M J &
30% Mar
41 %
Apr
9c
Jan
32%
140'%
Apr
1,700
28
Feb
33%
Jan
Nash-Kelvinator
' 443
22%
Jan
25
Jan
N
27%
11%
76
34%
2.50
Feb
29%
" Mar
25
Apr
Jan
Feb
Feb
55%
57
320
43
Feb
57
Apr
18%
540
16
Jan
19%
Apr
Jan
Corp
a34
38% Mar
'619
50c
50c
RR
—5c
28 Mi
Jan
North
American
Aviation
Apr
North
American
Co
'33
33%
203
32% Mar
34
Jan
Northern
54
55%
1,311
44
Feb
55%
Apr
Oahu
_—_——-l
27%
26%
27%
2.222
22
Feb
28 % Mar
10%
10%
130
9%
Feb
10 Vs
1.00
1.00
Jan
1.10
Jan
300*
50c
Jan
Jan
Jan
17 Va
490
15'/a Mar ;
l7'/8
J&n
720
18% Mar
21%
Apr
16%
2,682
12%
Feb
16Ya
12'%
503
8'A
Jan
Apr
12% Mar
al5% al5%
188
15
Feb
16 3A
Feb
20%
22'%
933
17'A
Feb
22 %
Apr
15%
15'A
300
14'A
Apr
IT%
Jan
36%
35%
36%
884
27'%
Feb
36%
Apr
common—10
29
28
29
20%
Jan
29
Apr
100
124%
Jan
125
'Apr
.•
4%
Apr
1.00
Apr
•12
-10
33%
Apr
58%
516
48 Vs Mar
21%
—1
27%
55%
24c
15%
16%
27%
*
34'A
21%
s_
26% Mar
Southern
17 3A
Mar
15%
17%
—5
—„
capital
248
25
Southern Calif Gas Co pfd series A„25
1,533
Mar
18c
II,909
58%
13% Mar
31
40
24c
58%
•
Prod
Distillers
Central
Y
17
34
20c
a
24c
—1
280
27%
950
13%
57
"-18
Inc___
Feb
a25% £.26
335
16
Robblns
&
National
a26Va
4,800
*%
14
a37 % a38 Vs
a37%
Navigation Co
M & M Cons——
122
•
2.00
29
Feb
14
Inc
655
24%
1.90
_
14
—•
Montgomery Ward & Co
Mountain City Copper
33%
_
29*/4
Copper Corp
1,10)
33
.:
Apr
4
'
Jan
17% Mar
Tel
Johns-Manville Corp
Apr
15% Mar
&
41 %
24%
Jan
4%
18%
Tel
139 140%
■—
•
Jan
10
Jan
3'A
8
Jan
7%
Feb
901
250
15%
200
a37%
4%
250
8*/a
20%
16%
Jan
4 %
23%
16%
36
8
270
150
16%
Mar
4%
2,342
32
Apr
24
.
5Q
5 Vs
5%
-
-1
1,442
C%
45 Vs
-20
—
—
23
f%
.
5%
Mar
3%
275
29%
Feb
40
725
45'%
42% Mar
397/a Mar
266'
4%
—1
Sugat
20%
31%
25
:—25
Feb
:
■
Co—
—
;——
Co
Oil
22%
1
6
Edison
preferred
29%
i—_
Honokaa
26
class A^__„—_
19%
—-1•
Co
California
4.32%
Apr
35
Vs
a41% a43*/2
pfd—
cum
Co
B
40 %
33
—*
—
Jan
12%
37'A
Mar
9%
'
28%
Mauricio
Sears
42
Feb
31% Mar
120
*:
a38% a39 Va
—*
common
Apr
31% Apr5% Apr
195
35%
-
Co
8%
,
Feb
39
244
12
35%
—
"'35%
a38%
Ry non
Battery
28%
Stores, Inc common—
5
Mining
——-10 pesos
Saleway
San
Feb
Apr
959
a44r
a42%
-
-5
-j.
Apr
9
Mat y
4'A
100 '
5'A
-5%
Corp
(B
Nor
Great
40%
10
__
Ap «
Feb
Apr
1
and W Fine Foods Inc
8 Vs
Jan
Jan
22.%
8
30%
.10
Bond & Share Co_
Loew's
S
:
■
Apr
3
22 Ya
Mar
49
10
Eastman
355
.23
—
Jail
22% Mar
Feb
'2*A
7%
365
8
'
'
-
Electric
12%
23
.
Apr
16
60
r
Apr
66 %
1
common—
12'A
■
<
220
a8%
*
Jan
12%
_
Aeronautical Co
'
% Apr
43
a—
7%
a25 Vs
*
—
Jan
66 %
Co—..——1
—•
—
'
a58% a59 Va
*
25%
25%
25
Manufacturing
Apr
a24% a25%
5
America—
.
66%
Railway Equipment & Realty com—_*
6% preferred
100
Ra>onier Incorp common—————1
Rhecm
Mar
15 Va
Feb
21
61
r
^ 44 % Jan
22'A Mar
50-
a49% a50%'
_1
(Del).—
of
Publishing Co
iCurtiss-Wright Corp
i Domlnguez Oil Co
'
Dumbarton Bridge
Hobbs
Republic Petroleum Co common
:
100
v
2%
,
a50
—
380
12*/4
&25V4 a25 Vs
22%
15
56
a46 a49
.15
111
t
600
10
12%
Y
'
t
3
^
Co——15
N
"j
23
.
Richfield Oil Corp
36
Apr
Apr
Apr
225
21%
•
of
Gas
Curtis
,
26
Preferred
30 Va Mar
1,179
-V
a39% a42%
a 25%
100 %
'
35
'
Apr
56
Philippine Long Dist Tel Co
—P100
Phillips Petroleum Co
•
Puget Sound Pulp & Timber——
"
40 Vs
Feb
3,771
r*
Corp—
Motors
Steel
Crucible
Jan
1%
Apr
Feb
Apr
26%
36
20%
—
Co
Continental Oil Co
,
Jan
53 'A
'Mar"
1%
al41
common
new
Apr
47
7,689 *
99%
100
,——100
Corp————10
:
_
13%
6'A
95'%
L——
common—
preferred
14
80 ^
Feb
24
common——
preferred!
4%
92,044
4.
Pac Tel
Pacific
5%
33%
1%
Lignnng Corp
Rights
100
40 Va
,|
3%
10
Packers
River
Commercial Solvents ;
5%
-25
1st preferred
Pacmc
,.j
—
.
10
14%
5%
-25
Aggregates
11
14%
—5
common—
'■ 2
610
'.v
35
25
Cities Service Co common.^...,
Columbia Gas & Elect
*
Commonwealth & Southern
Paauhau Sugar Plantation
a39%
2 Va
RR
Feb '
13%
Feb
3%
Trading Corp
32%
3,805 *
1
10%
Apr
40%
Pacific
Calif
15
:
& Sunxvan
>' 15y2 Apr'
12% Mar
a27 a28 '/a
■
common.'.?
Canadian Pacific Railway —
25
Co
195
i
High
34%
_33A
:—;';5
j
15%
13Va7>: "y;..,, 925
34%
c
Holdings Corp
Boeing Airplane com
a6%
Mar
Low
a39% a39Ya
5
ji
Range Since January 1
High
12%
f
—5
4.—,^;
Aviation, Corp
Jan
Shares
15%
15%
—100.
:
6%
A—
Low
13
RR
«
of Prices
*>
i
a6%
a6^8
-10
—-
class
30
446
4,670
16
.100
::
—
&
28
9%
com. .100
—
Filters
United
Baltimore
2.90
10%
"III
.—
Occidental Petroleum
Class
Baldwin
Feb
27
*
North American Oil Cons__
Oliver
Jan
11%
2.70
1
.l.
Investment
35%
Feb
Blair
1
—1
Mining Co
9%
-4
common
^
32% Mar
•
Sales
for Week
Range
.
Par
15%
—10
Service
American
North
'
—
Lines—.——
•
Natomas Company
235
2.70
V *"''s-
-
70
al2% al3%
—1
Meuasco Mfg Co - common—-Morrison Knudsen 'U—
-
a34% a34%
al35/s'
,
Machine-i— —5
Marchant Calculating
National
—1
4.———
Week's
Last
.
Sale Price
STOCKS—
■'
Macy & Co (R H)
Magna vox Co.J.:..
Friday
•
Shares
a34%
.
f ?*v:t
for Week
Low
commons—— —»•
"
WEEK ENDED APRIL 23
Sales'-'
Range
of Prices
Sale Price
FOB
Sperry
preferred
cum
Pacific
Co
—-
--—
Corp-
Spiegel, Inc common
Spring Valley Co, Ltd
—.—;
2
—*
•
65%
63%
G5%
10
27%
25
27%
Transamerlca
Corp
12%
11%
12%
Union
Oil Co
of Calif common—25
29%
27
Union
Oil
96'A
96%
32
,
Standard Oil Co of Cal—.Tide
Water
Oil
Associated
i
Apr
Pacific
Calif
of
Union Sugar common
United
Lines
Air
U S Steel
■
Jan
65%
Apr
19%
Feb
27%
Apr
12,433 I-
10%
Feb
13%
Jan
Pan
4,026
21%
Feb
30
Apr
Pennsylvania RR Co—
96 Va
Apr
Pepsi Cola Co—
Wells
Fargo
West
Indies
Western
Yellow
II10
—
Bank
Sugar
Dept
—
w
Preferred
j
Motor
American
common,:
Co common
'ii,
15
511
77%
1,062
1,752
58
47 V4
651
58
14%
Apr
20
Jan
16%
Jan
19
Apr
Pioneer
68 % Mar
78
Jan
Pullman
common
Co
38'A
Feb
7%
Feb
9%
Airlines
27%
Feb
34 %
Jan
Radio
Jan
Radio-Kelth-Orpheum
—;
Republic Steel Corp common
Reynolds Tobacco class B
Silver King Coalition
275
5
200
1,653
15
8%
8%
8%
.
Feb
23%
20'%
Pure
Apr
Apr
—■
a—
300
20%
301
Apr
Mar
.19%
16
19%
Apr
a__
-
8% Mar
Oil
Co
American
&
American
Factors
American
Power
__
—.
Sinclair Oil
Jan
Foreign Power corn&
Light
Smelting & Refining—
American
Tel
Tel
Viscose
8%
8%
13%
Corp
1,966
i-
Armour
&
Fe.i—_. .100
— —5
al05%
Atlas
—3
Avco ;
Manufacturing Corp-—
24
20%
Apr
22
Jan
15% Mar
7
7
50
49
104
49
26'A
34%
34%
690
10
10%
6'/a
1,032
Apr
55
Feb
41
513
55
Feb
Feb
49
Standard
Mar
2%
Jan
Apr
8'A Jan
Apr
49
Apr
Apr
Feb
34%
Apr
Feb
10%
Apr
Jan
27
Swift &
Feb
9'/»
14%
Jan
58%
Apr
7
10
Inc.—
—:
9»A
Apr
28%
Apr
Apr
40%
Jan
4%
Feb
6%
Apr
6
-6
100
19%
22
5,866
18%
17%
18%'
9,154
26%
27
455
15
14%
Feb
—_———
85
Feb
2&
Jan
452
69%
Feb
79%
Apr
Feb
21'A
Apr
Mar
36 »A
Jan
Feb
61'/a
Apr
Feb
29 Va
24
:_1
21
21'A
485
34%
34'%
183
32~
59%
61 Vs
920
52%
29%
29%
270
23 »A
61'A
5
12%
Apr
37
Mar
45%
Apr
Warner Bros Pictures—
Feb
38%
Apr
Westates
50%
Jan
Texas Company common
152% Jan
Feb
60
Ll% Mar
14 V8
Jan
Petroleum
Preferred
„
1
common
3%
500
12%
12%
576
48c
60c
15,046
2.75
10%
31c
Apr
3.50
Jan
Feb
13 Ya
Apr
60c
Apr
Mar
6%
5%
7 Vs
16,803
4%
a22 a22-%
11
6%
2,020
a22%
6%
89 %
20
Feb
4%
'7%
7%
7 Va
850
7%
29%
29%
100
a46%
a47
315
Westlnghouse Electric Corp com—12 %
Apr
6%
Woolworth
CANADIAN
RANGE
^—1
—
Feb
20
Feb
Air Lines Inc
Western
102% Mar
Feb
LISTED
WEEK
FOR
(F W)
10
common
,
a47
Apr
3'A
Mar
2 Vs Mar
360
2.85
57C
1
—1
——
3»A
2.85
7 Va
Feb
Apr
.8
25% Feb
29
'
251
Jan
a80% a82'A
a82%
16%
"31
al02Veal05%
Apr
18Y» Apr
29%
25 Vs Mar
—25
Corp common..,+..x
22
Feb
a24 '/2 a253A
*
25
J—
N
1,125
51%
148% Mar
147
Feb
Feb
36'A
25
1,185
13%
7%
22%
265
„
15
—
60
:
55
215
883
Apr
12% Mar
Co
Co
8%
28 Vo
21%
Brands
Oil
Studebaker
8%
27%
„
-5
commonj.....
8
a36%a37*/8
1
•
Corp—
Ltd
Apr
10%
•
38%
6%
Corp
18%
17
~7
45%
13%
—
£5
Jan
10% Mar
8% Mar
410
49
45
60
38%
Atchison Topeka & Santa
840
125
r"
Copper Mining.—— —50
„_5
Co (111)
18
29
United Aircraft Corp.——
5
United Corp of Del—
1
Utah-Idaho Sugar Co common——5
■
„
American Woolen Co com———..
Anaconda
17%
37%
al54%
-14
Standard
10
Jan
24% Mar
632
a58% a 58%
al52%al54%
—1
.
Co—— .100
2%
152
.
San——
American
&
100
13%
_
7'%
100
25%'25%
25%
25% Mar
23% Mar
70
2%
.
—
95
a9%
2%
__
-20
Ltd
American Radiator & Std
American
a9y»
v
Ed
Cal
So
a25% a25%
,
„1
17%
——'
common—..
Corp of America
—
11
*1
—.
1,520
4%
Feb
Apr
343
a34% a34%
Air Reduction Co—
250
20%
25
Socony-Vacuum Oil
American
9%
23%
1.9%
..20
—:
2,355
Securities—
Unlisted
9%
23%
20%
4 Va
—*
——
——
9%
22%
20
♦
115
1,0.98
33Vbc
Inc
-
20
4%
4%
1
29%
277% 277%
mi.**/
5C3
124% 124%
2.50
common
Phelps Dodge Corp
Mill
-
50
Airways
Pictures
8%
22%
—1
—
91% Mar
Co
29%
"
1
150c
.
RR
'
-100
common
25
17%
9'A
—20
—
Stores
Pacific
Cab
Co
& U T
96%
14%
58
1
—.
Agricultural
30.
76%
17%
_«
Cement
54%
Packard
22%
common
3,813
17%
15
—10
Oil
Consolidated
.
.12%
——
Corp
Equipment Co
Waialua
Western
pfdL-J*
A
Corp common—j—
Universal
Victor
class
-20
3.534
•<:'
al5%
.100
Portland
Paramount
Co
Railway
Ohio Oil Co
Pacific
common-
Co Ltd.,—_
Sugar
Apr
Vs Mar
%
Apr
a__
a—
MARKETS
ENDED APRIL 23
-
r
Montreal Stock
Y
Exchange
"stocks)—
for Week
Range
,
Low
Range Since January 1
Shares
of Prices
Par
"'-it
Sales
Week's
Friday
Last
Sale Price
''
Canadian Funds
High
LQW
High
?
■
#eek's
Friday
Abitlbi
Power <fe Paper
com
III-20
$1.50 preferred
«
Acadia-Atlantic Sugar class A_„
•
■
5%-; preferred
III100
—
Shares
Low
^
14%
163A
19%
20%
17
__
;
J
V
Range Since January 1
1
16%
20%
17'A
low
,
14,433
r
"
■
17%
12% Mar.
20 Va
17% Mar
4,200
.125
,
125
16%
100
Hign
Jan
Bruck
Jan
Feb
9
Jan
Steel
Algoma
*
common
Aluminium Ltd
—_——--
8
__
»
—I—*
8
56 %
51%
56%
54 3A
53
54 3A
Silk
7% Mar
4,915
2,240
56 Va
33'A Mar
43
•
Feb
*
r
Apr
$1.30
Apr
54%
®
Canada
Canada
:57c
of
Co
Can
25
25
24%
25
:—•
pfd
4%
;7*a
6%
7 "A
75c
75c
-
•
Argus Cotp Ltd common
'"
4*/ar.V preferred
Warrants
i
Asbestos
Ashdown
„—1—^100
:
—
Corp '
—^
Hardware
*
Feb
25%
7V4
Jan
24
70c
10
•
Apr
5% Mar
8,680.
80c
Mar
45c
40C
45c
1,374
20c
26'A
25%
26%
2,352
——*
—————-I-*
Mills
•
A' ''
commonj.j^-1..——'
12 %
12%
100
12%
20
20%
892
12%
Apr
"
Bell
Pow
«fe
Pap
class A
—100
Telephone
Mines Ltd
Bralorne
.'
Brazilian
British
Trac
Amer
Power
Note
Co_„
For footnotes see page
20%
165 Va
165 Va 165%
594
—*
:
Light &
Bank
•
46.
7.75
7.75
7.75
19%
18%
19%
3,519
*
18
160
200
•
'
v
18
18
7.75
.
225 ;
17
23
Jan
Aprt
11
Jan
Feb
20
Mar
19
Jan
16% Mar
,
26%
Apr
2%
22
"31
/
,
Jan
145
23
21
565
■;
28%
'
32
18%'
17%
183A
28%
28'A
28%
;
.
Feb
Jan
13%
145
35% Mar
40%
Jail
Jan
5,724'
17Ya Mar
105
816
—J*
40
38
40 ;
"-■■j
'
39'
'21
39
39
150
•
,
Jan.,'
'
20%
20 Ys
34
520
20
15 %
15%
16'A
890
•
25
76
70%
76
2,945
37%
38
150
21%'21%
21
$1.00
series
——_——
—
—
—--25
Canadian Converter^ class?A pfd—;-20
Canadian Cottons
Canadian
6 %; preferred
Foreign Investments
25 '
—•
21%;
13
„
r
1
33%'
M 13'
13
Apr
"100
25
Jan
26'A Mar"
12
1
Apr
'
*355'
"
26 v2
Jan
76
Feb
Mar
-
13
'26Va
"32 33'/a
58
Jan
17
Mar
Apr
13%
9Y4 Mar
15
Jan
40
35'A Mar
210
series
23 Ya
r'
Feb
13
Class A
Feb;
Mar
9»A
13%
—50
Jan
11
9
12%
LL
:
28%
11
9'A
Breweries
'
Mar
13%
.
19
.
9
'12
4
Jan
Apr
27
:
.
-
655
•
common—
preferred
81.75
24
32
Feb
14YsMar
1,706
--
-
Apr
I68Y4
Mar
Feb
2'A Mar
24 Ya
75
300
12%
Jan
Jan
4
~
2*%
•
Canadian Car & Foundry common.—.♦
Apr
22
17% Mar
•
'24'A7 Apr
25 Va Apr
".
^
2Ys Mar
8,075
,
Northern Power Corp.i—i—*
Steamship
Canadian Celanese common^.Bathurst
;
Jan
v.*
Canadian Bronze common..—
Jan
27%
Mar
1,090
4
26Va-
—-"•'2%
32'
preferred^—100
Canadian
a
Jan
GOc
24% Mar
A—.——10
class
'
1,705
.
Feb
'
■
^ Aluminum
25
.13-%
4 '
26%
Products'
Canada Cement
100
:'>■
-•
——
•i
'
Agnew-Surpass Shoe _———2-
Corp Class A
Power
B:
Building
>
Jan
Col
<
20'/4
24
2,885
24%
25 Va
■
Class
A
100%
Jan
British
23%
25'A
.25
preferred
conv
24'A
common—^—*
British Columbia Forest Products..—l*'
./'■]
I
it
19
Feb
3%%
•
Oil
American
British
'
High
100 100%
100
)
for Week
of Prices
Sale Price
Par
•
Sales
Range
Last
stocks-
*
»$*•;
38
';.
;
j
t&V 1
in
,
Apr
22% .Jan,
15% Jan
26%. Apr
33% Apr
.
'■
THE
(1838)
42
COMMERCIAL
CANADIAN
BANGi
Friday
Week's
Sals Pries
Par
Ind
Canadian
Class
Alcohol
class
Low
A*
LISTED
FOB WEEK
Low
14
2,485
10
Mar
13
13%
840
10
/war
24%
25%
382
15
Cockshutt
Plow
Consolidated
12
11%
11%
30
157a
18%
32,268
11%
12
7 90
.....
—8
109
„♦
Mining <& dmeiung.
35
105% ; 110%
35
91% Mar
9,613
36
Feb
10
225
32
Apr
13%
12% Mar
12
14
Apr
30
20% Mar
11% Mar
Jan
110%
Last
STOCKS—
-
T.5-
Anglo-Nfld Development Co Ltd.—
Atlas Steel Limited
Jan
Hatha rat Power Ac
'
Dominion
„•
5%
preferred
32
30%
32
815
27
19%
18
20
4,880
16
7%
8%
8%
24%
24%
26
27
100
Dominion Steel
20
& Coal class B
6c
u——
Power
27
Jan
75
20
Feb
21%
Jan
•
12%
10,444
11
Feb
13
Apr
Steel
12
27%
27%
X
_
13
27%
16
16
14
14%
315
17
16%
17
3,655
21%
21%
125
.
,
*
*
25%
50
14%
•
*
22% Mar
Apr
45
5
44
Apr
50
Jan
Jan'
Canada
,.*
37
37
37
34
Apr
17
14%
Apr
18
Jan
24%
19
Mar
Class
14
Feb
16%
101
Apr
104%
Jan
18%
Feb
Apr
108
110
Jan
2% Mar
4
4 % %
Jan
Apr
,Jan
<
50
60
50
15
14%
15
*210
13
•
7%
7%
7%
740
6%
Feb
•
33
29
33
3,980
23%
Feb
33
45%
45%
85
Mar
48
2,165
Jan
50
Apr
16%
16%
16%
14
13%
14
25
25
25
395
Industrial Accep Corp class A
Intercolonial Coal common
38%
36
38%
1,452
26
26
—*
10%
10%
11
700
__25
24
23%
24
150
43%
preferred
100
12,821
14
12
Canadian Light &
Apr
Canadian Marconi Co
Apr
Candn Power As Paper Inv
6%
preferred
......
International Nickel of Canada
*
35
33%
35
5%
cum
38'/a
Canadian Silk
Products class- A__
Vickers
Ltd
Western
Cassidy'8 Limited
Catelll
common
Food Products Ltd
Mar
27
Jan
Chateau-Gal
35
58%
60%
13%
46
215
_5
11%
11%
12
1,075
10% Mar
12%
preferred
cum
Jamaica Public Service Ltd- common..*
Labatt Limited (John)
.♦
13
13
13
75
11% Mar
14
Jan
23
24
270
23
Mar
'25
Jan
30
30
40
27
Feb
160
160
5
159
Feb
160
18
20
248
16% Mar
20
29% Mar
Apr
Ltd
Preferred
46
Mar
Mar
Apr
15% Jan
39
Mar
52
Apr
Warrants
8%
60%
Laura Secord
20
_.._3
—
Legare 6% preferred.,
Lewie Bros Ltd
'
100
190
22
22
14%
14%
11%
•
common..
4%
•u/" 214
13%'
15
10
preferred
CoiwMdeted
cl
-
3c
22
5%
Ltd'
preferred
11%
Jan
9%
6%
Oil
6%
18%
19%
13%
common
13%
14
11%
21,735
(Robert)
20
Molson Breweries Ltd
Montreal Locomotive Works—
Montreal Telegraph
10
1974
Jan
12
'7-16
Apr
I
19%
18%. •>197/«;..,
■a
.*
200
5
Mar
7%
Jan
Dominlon
16
Mar
19%
Apr
Donnacona
14
Niagara Wire Weaving
10% Jan
515
16
36
200
34
Feb
Mar
,
.
Woollens
&
■;
i, j
,
•■•'
• .7
II—*
Eastern Steel Products Ltd
'
16%
1,060
14
47%
205
47
36%
815
30
37% Jan
Esmond
16%
Jan
Apr
Jan
Kootenay Power .V,'o pfd —100
Mills Ltd preferred
...20
-1
Fanny Farmer Candy Shops Inc..
Apr
36%
Jan
Federal Grain Co class A——
.
Co of Canada
41%
2,114
45
Jan
Ford
45%
105
41% Mar
45%
Apr
Foreign Pow Sec 6 '/b
10%
10%
100
10% Mar
11%
Jan
Fraser
37
Mar
23
22
23
2,015
18
24
24
275
24
,
Mar
24
Feb
48%
26%
*
,
50%
»' 2,442
26
49%
•
23
Jan
26%
411
43
common..
,
Feb
18 %
Lowney Co Ltd
103
102%
Feb
18
International Paints
Jan
103
Jan
(Alfred)
Zellers
Limited
29
Feb
34
Apr
63
Mar
65
Jan
18%
Jan
22
Mar
40
40%
1,930
37
Feb
41
Jan
McOoll-Frontenac
12%
13%
1,551
11
Feb
14%
Jan
Melchers Distilleries
58
62
7,819
54% Mar
68
Jan
Moore
95
95
105
93% Mar
98%
Jan
Nova
11%
12%
452
10%
Feb
13%
Jan
16%
16%
16%
490
15% Mar
17%
25
24%
26
.11
Apr
15% Mar
Apr
14%- Jan
Jan
400
8%
Apr
325
:■
9
374
36
/
-
2774
4% cum pfd_10O
Ltd 6^> pfd
10
"
Apr
43
Jan
-
10% Mar
14
Jan
19%
19 74
Jan
25
25
85
13
24%
25Vi
73
75 74
19%
Apr
Lt
&
Power
5
25
•
common;.
Jan
1974
Mar
28
93
Feb
94
Apr
12%
Feb
1374
Jan
20
Feb
25%
Apr
640
S4
13
;
110
28
S3
Mar
65%
Feb
190
19%
Apr
7574 Apr
1974 Jan
*
74
_*
6%
/preferred
Crush
"12
.
3,105
V
110% 110%
——.;_---100
Ltd.
•
2Q
109 % Mar
110%
Apr
8%
430
5% Mar
10%
Jan
Jan
8
.'7%
13 %
Feb
Paul Service Stores
*
14
12
Mar
14
Feb
15
100
Mar
101
Mar
17
11
13%
912
10% Mar
417%
44
765
35% Mar
125
303
21%
21%
2,121
45 %
45%
943
25
24%
109
«
16 %
Jan
46
Jan
Rand Service Stores
132
,
,
Mar
Jan
Russell Industries
21%
Apr
44% Mar
47%
Jan
Southern
(Canada) Ltd
Sangamo Co Ltd
26
175
15
4.550
14%
150
21
250
21
Ltd
100
Apr
8% Jan
28%
2f'%
50
2774 Mar
2974
75c
50
50c
Mar
75c
10
>•; 100
9
Mar
10
16%
Feb
18
Jan
4,725
78
78
80
499
6%
6%
6%
500
7%
7
8
3,115
7%
Jan
80
39c-.:..
25
n
100
34 %
34%
26 %
27%
27%
Feb
5
8
Apr
69% Mar,.
82
Mar
19
Mar
•
Apr
100
21
Ltd=
Co
Ltd
*
"■<
20%
Feb
25%
96
Jan
98
—.
22%
40c
75c
1
-
■
10
Mines
Ltd
—
Aubelle Mines Ltd
,
2%c
t
Band-Ore Gold Mines Ltd
"
12,030
Base
Metals
Mining Corp
Jan
Jan
Apr
100
34%
Apr
35% Jan
40
25%
Feb
26 %
Jan
27%
105
27%
Apr
28%
Bevcourt
Bob's
Yellowknife
Ltd.—.*
Gold
Mines
Lake Gold
Bonville
Bordulac
Mines Ltd
1
Ltd.
37c
Feb
41c
17
20'/a
50
22%
22'/a
15c
11,500
3c
8c
Jan
'
3e
Bouscadillac
Gold
12c
Mar
5c
Mar
7C
9 %c Mar
22c
1,000
8,100
38c
500
38c
94,500
10c
1.000
3c
16c
Jan
3c
Apr
45c
•
3c
4Sc
51c
5,200
3%c
3 74c
1,000
Mines
Apr
23
Jan
2,245
25 - -
Feb
28
Jan
Cheskirk Mines Ltd
Mar
37
% Feb
25
25%
35%
35
35%
235
24%
24%
25
1,285
35
Gold
•
21%
25%
70
35 "
23% Mar
35
Mar
f
25% Jan
38
Jan
Jan
54%c Jan
•
30c
Apr
5%c Feb
55c
Apr
3%c Mar
Mar
5c
Feb
r.
640
-10
Apr
'
.
Feb
Consol Central
Mines
Cournor Mining Co
Ltd..
3c
1
1
;
——
Cadillac
Cortex Explorations Ltd.
35c
l
Ltd
Centremaque Gold Mines Ltd
Centrurjr Mining Corp Ltd_
-10
-
17%c Jan
Mar
23c
21 %c'
,
Jan
1274c Feb
Jan
6c
1
Ltd—
Jan
-10
Apr
12c
Mar
Apr
11c
__l
Mines
21%
Montreal
Apr
<Feb
:<Jan
7c
38c
22 %c
Ltd.—
3,000
6c
-l
Mines
500
8c
15c
Gold- Mines Ltd——..—.—.I
20% Mar
Nova Scotia
Feb
21
20
Feb
...
Mar
1774
14% Mar
10 %c
11c
1
Mines Ltd—.
1,000
8c
8c
Beatrice Red Lake Gold Mines Ltd—__1
Beaulieu
3%c
8c
...1
Apr
26%
20 %
35
75c
*
Jan
29%
Mar ;
: 38c
Mining Stocks—
Apr
7%
99
.
Jan
5% Mar
Mar
A.
;
Windsor Hotel Ltd
5% Mar
Apr
Jan
53
526
1,915
Apr
115
Feb
125
18
97
104
225
7%
on
7
10%
20
17
6%
25%
.111% 111%
16
974 Feb
117
7%
97
200
19%
Grain
2*4
Apr
1,235
18
-
15
Western
on
6%
Feb
16
10%
11%
Apr
,
Feb
16
10%
20
19%
24%
4%
13 %
16
19%
Feb
24
25
:
Feb
:_•*
17%
15
5%
Ltd-
77
880
5%
•
SecuritiestLtd-
197i
2,239
Apr
100
Stores
Products
82
1074
United
Wcsteel
99
Jan
United Distillets cf ■ Canada Ltd.
Feb
29%
10%
Thrift
99
75
80
Feb
Apr
99
Jan
10%
Jan
22
98
28%
25
Jan
Mar
50
81
111
15%
12
11% Mar
26
98
-y.
116%
Mar
1474 Mar
Apr
Mar
98
29%
Mar
108
89
pfdSouthmont Invest - Co:> Lt<L^-_—
22
67
13
64
17%
10%
•
Pr- 6%
19%
18
75
109
17
•
^
Canada
14
108
14%
Feb
V
Ltd-
Power Corp of Canada 6% 1st pfd—100
Quebec Pulp & Paper 7'% pfd
...100
Quebec Tel Corp class A
•
20% Mar
21
98
25
Apr
14%
100
1
Apr
Apr
15
160
19%
r
•
Paper Co
Ltd
i"-'
13
19 '/4
10
14
*
Jan
12%
1074
Jan
610
50
21
*
Jan
2%
41%
13
14%
Too
Apr
19
13 %
40%
25
26
»
'Jan
55%
13%
41%
120
-
Apr
6
•
12% Jan
45%
_*
Jan
25
460
101
-10
3%
200
7
15
43
*
574 Apr
„
125
.•
13%
21%
-10
..
10%
Oil
Corporation
Cartier-Malartic
page 46.
"11
13
..10
see
Jan
4
25
"10%
13
Royal
For footnotes
21
2,310
Jan
49
/
Jan
% Mar
13%
12%
Candego Gold Mines.
...
4
2
y
3^3
101
—
Banks—
Toronto
36% Mar
50
:-■
Jan
Jan
..
_
Apr.
1974
125
"
•
Ontario
&
Scotia
Orange
25
Canadienne
2674
Apr
4.470
.
13%
13%
3
Ac Tel Co common__10
Massey-Harris Co Ltd 6 V* % cv pfd.20
.
'
13%
13%
Maritime Teleg
75
100
....
Feb/.
18%
'
...
.....
preferred
&
205
common
preferred
6%
Commerce
Power
■y. mo
.......
5%
25
,
13%
13%
—
...
.
13%
(Walter M)—
65
*
...
200
26v
2474
Ltd cl A__*
21%
•
common
.
40%
•
Walker Gooderhara & Worts..:
(Geo) 4%% preferred.
Ltd
<
Apr
Apr'
Alger Gold
preferred
(Can)
33%
62
20
u.
45
2 %
.2%
■
Inc ____'
20%
33%
.._*
Weston
'
7 26
,
Paper Co
Maple Leaf Milling Co Ltd—
■
com—
,,y
18%
5%
2%
Co
10
Hendershot Paper Prod common..—^*
Hydro-Electric Securities Corp
15%
lEo
.—
26%.;
45
—
Halifax Insurance
Jan
25
100
Southern Canada Power
Standard Chemical
common—.,
Steel Co of Canada common;..
5%
.
Jan
,t
637
com.
.....
Co
Winnipeg Electric
Jan
' v974
-
Feb
17%
:5"o
pfd
26 ,/2
18%
;
,
•
16
17%
:
Sicks Breweries common—.
Votings trust certificates—
Simon (H) Ac Sons common..
Wilsils
674 Mar
1,150
103
•
com
Corp.—
Wabasso Cotton
:j
18%
17%
100
_
100
18%
Lambert
«
...
......
....
% '• >-9%
18%
40 % Mar
*
.
—
preferred
Jan
.
"23%
/
.
Apr
Feb
Jan
Regent Knitting $1.60 preferred—25
Simpsons 4%%
A
28
12
Southam
9
42%
Mar
•
Power
Feb
Apr
Mar
,
.14
,
,Jan
5,820
16
100
preferred
Sherwin Williams of Can
,20
4
25
103
class
pfd
65
Provincial Transport
Quebec Power
4%
.5,195
41
y
:;-39
16% Mar
yy.. 10
-
23
'21%
■
i
*
51%
Mar
24% Mar
Mlunesota
St Lawrence Paper 6%
;
Paper Co Ltd com..—__*
Great Lakes
■
St Lawrence Corp Ltd
Feb
55%
60
1
common
Jan
Feb
-4
2,371
....
Ltd
95c
33
51%
17%
•
Twin City
United Steel
Apr
'33%
,
4
39%
•
Press
.
Apr
.•^'"7%
54%
39
-4-.'
<
f.
*
&
.
Mar
.1
17%
Power Corp of Canada
A
•
.
Feb:
6%
1.100
•
common
common
245
12
2s
-
•
Companies
39
Placer Development
Powell River Co...
Series
1974
137a
/
•.
Mar
-
Apr
25%
,
Motor
•
Page-Hersey Tubes
Shawinigan Water
25
'
:
Feb--.
55c
-
250
i-
38%
_•..
Mfg At Aircraft——+„„
MacLaren
Classs A preferred
9
Feb
Ji- 1674 Jfeb
,16% Mar,, .-/17%- Jan
25
4
3: 41
...
•
48
loo
Ottawa L H Ac Power
5% preferred
Paper
'-14% Mar
..
V
1,800
7:
6
6
41
/ / 40
38% «-w'3BW
East
40%
:
n,-
„•
common
Ontario Steel Products
Ottawa Electric Rwys__
preferred
45c
Jeu1
16.547
Jan
HYtr. Jan
}*/,
Apr
20
'
65c
Worsteds
Paper Co Ltd—
45%
,
*
.
Noranda Mines Ltd
4%
Apr,
Mar"
16
Jan-
Apr
7
.-v;
Feb
20
Feb
■""
Rolland
35c
Mar
■v8c
Apr
9% Mar
31%
41
——
Price Bros At Co
4% preferred
13%
39
560
17
,
'.:65c
Engineering Works Ltd
2,821
16
36%
...
7% preferred
23
National Drug Ac Chemical pfd—_.__-5
National Steel Car Corp
•
Ltd
Apr
11,195'
13%
vrrn 17
6%
.7 8
A
v
50
>474
-
Apr
-
16
* Jan
Mar
310
mv
<>
24%"
20
Fleet
Penraans
...'
50c
'3% Feb
1c
Jan
; Apr
Apr
25
35C
■v
■
47-
13^053
4c,u'
14
•^13%'
Dominion Oilcloth 6c Linoleum €o_
Feb
47
16%
common
Ogilvie Flour Mills
30c
345
•
Jan
10
v,
'
...
Breweries
,■>
15
"13%
7% Mar
.;
*
16
'
David & Frere Limitee class B_-__.L—*
iJan
9
1,160
20
35
36
.....
National
Jan
Jan
-■15 %9 Jan
14% Mar
5
19%
...
Montreal Tramways
28
4
Jan
,
11% Mar
/
'
Mitchell
Apr
'Apr
14
Feb
15
"
600
6%
^ 24%
com..*
2.8
.
30
86
■'35c
Cub Aircraft Corp Ltd.—..—
Mills
Jan
4%
44
Mar
'1,145
13%'
35c
:
Consolidated Textile
Jan
1
27
: ' :
Feb
12
-4-%
■fi 13%
-
A;1.*"
Preferred'.
Apr
25
V
r
Feb
■>-47
7
6%'
Consolidated- Lithograph Mfg Co Ltd;*
Consolidated Paper Corp Ltd
;•
Jan
3%
38
>
•;
:.■;••• .50
•
35c
■
->47
5
DLv. Standard Sec
Mar
/
no
-
,
10
r
•"4%
3c
...^
Jan
"20% Mar
i30
i
15
12%
;'9%
35c
47
- ,-v
common.—*
-....—
t
•
-,
28
28
12%
i
___100
;
Ltd
12%
Mar
22
27,180
'44
Apr
Jan
10
35
.
Apr
2%
2-00
1.45
,-'5
'3%
29
Feb
1.50 Mar
43
24
12%
common.
Alcohols
.
.;'.'■
12%
41%
'
Apr
17% -Jan
13 % Mar
22
30
100
„
9%
Class B
McColl-Frontenac
>
Jan
■
13%
—•_——*
—:
Commercial
Dominion
MacMUlan Export class A..
MasMytHarri*
Apr
-
4
1106 % Jan
'
__2s
*
Lindsay. (C W)
14
14
■
■
200
20%
rf
Consolidated Bakeries of Canada Ltd.*
32%
1,074
1,665
2
'
.
11
,
Wines
29
2%
24
...^.^..15
Claude Neon Gen Adv
Jan
7% preferred —;
—;
Lang & Sons Ltd (John A)—,
Mar
Jan
1
!■
Chatco Steel Prod Ltd common.—'—
13%
.
4%
common
Apr
45%
*
Apr
>8
Apr
67
Mar
103
Jan
24%
>
Jan
■2
20
1.60
■
•44 '
.1
.;..—.
Jan
46
r.
61%
50
20%
2
13
60%
..*
19% Mar
113
''•
_•
26
13%
common
15% Apr
66
15% 7
29
common
Lumber Co..
Jan
*
Lake of the Woods
84
103
L2%
Feb
*
—.
-
;u-
Apr
T5
International Utiltiies Corp
16%
Apr
Feb
3%
2 /•
Canadian Westinghouse Co.—.-„—_^*
International Power
common..
V.
preferred
Apr
International Petroleum Co Ltd
Paper
Apr
14
66
■
Jan
Feb
21
15
84
103
Ltd com—.*
16%
29%
9%
v
.
3%
28% Jan
22
Jan
-
10
713
66
Jan
25
720
22%
.
;
100
15
84
15%
-
Feb
18% Mar
mo
22%
...
14
Jan
6,211
12,093
16,538
International
Jan
11
•
•
Canadian
24% Mar
100
Jan
13
10
'
50
84
22%
Power Co.—____100
Jan
7%
5%
common
15
;
.15%
,■
*
100
*
International Bronze
19
15
—...——100
15%
Mar
1,060
15
10
19
19
•
preferred
Canadian
_•
37.
15% Mar
10
16
10
,
52% Jan
Jan
Mar
44
16
5 *
common—
Canadian Ingersol Rand Co Ltd
*
Canadian Inter Inv Trust common....*
Jan
~
■'
'
Ltd
Canadian Gen Invest Ltd—..—
Canadian Industries common—
5%
•
A_;_
16
Co
Canadian Dredge Ac Dock Co Ltd
Canadian Food Products class A
Jan
35
50
class
B
Canada Starch
Jan
20
335
49%
Packers Ltd
Jan
Jan
101
50
Jan
45
15%
•
Jan
108
45
15
Imperial Oil Ltd
Imperial Tobacco of Canada oommon.8
451
preferred
25
78% Mar
*
101
50
560
Jan
2,225
preferred
Hudson Bay Mining At Smelting
6,800
98
18%
3%
$2
674
3 % Mar
4%
96%
...
Feb
2%
j
;
4%
98
..1
15%
3%
50
; Apr
300
102
50
.Apr
182
18
108
Hamilton Bridge ,
...
Howard Smith Paper common
115
Apr
■18
130
Goodyear Tire 4% pfd inc 1927
Gypsum Lime 6c Alabastine
Apr
Feb
180
18
100
15
6
74
45
•
102
--
Apr
1,220
Canada & Dominion Sugar..
Canada Malting Co Ltd
108
»
*
4
115
182
99%
1374
102
100
4%
14Apr
Feb
108
*
10
11%
19%
common
—w
3
6
Jan
15<. Apr
*16% Jari
Jan
150
♦
Wares
14%
G
.
Feb
T OO
Mar
14%
Jan
' Apr
974 Jan
,17
Apr
40c
,
105
/
137.
11%
15% Mar
147
14
,
300
1,800
.
-
13
108
20
15
6%
V
155
Jan
13%
19%
100
55c
180
.106
—•
—
16
16%
115
Company common,.;—
7%
16
6
Preferred
Feb
150
40c
,
B—*
Mar
1
..—100
.
.
cl
'
4
i50
,14%
Vancouver.—5
Ltd
7%
'
15
""
20
20
Feb
12%: Jan
/
r
Mar
Butterfly Hosiery Co Ltd..
14% Mar
360
/,.
10
High
-
'
15-./- .Apr
-
46:-
•t
155-
—
55c
,
.
*
SO
Apr
28%
Jan
,
...•
—
—
Brown
Jan
Feb
14
585
of
Distillers
A.
British Columbia Pulp & Paper com..*
Preferred
j—
—100
Apr
5,000
Ltd
British Columbia* Packers
Apr
33%
18%
25%
Ltd
preferred
36%
Jan
17%
common
...
General Bakeries
57c
Feb
21%
preferred
General
30
24%
Enamel & Heating Prod
preferred
Jan
class
Brewers Ac
Jan
21%
Famous Players Canada Corp..
Foundation Co of Can
5%
Brandt Mttten^Ltd
Brandram-Henderson
Jan
28
25%
•
Corp
10
26
Feb
32%
35
17%
Apr
Feb
8
23
395
33%
Jan
20
21%
Dryden Paper
5%%
17%
36%
32
Feb
common..*
preferred
Dominion Textile common
GatlneaU
•
Feb
Belgium Glove J; Hosiery Co com. t'»
.20
W/o preferred:
Apr
23%
Chemical
Red
Electrolux
35
'
25
15
33%
36
common
21
24% Mar
53
27
preferred
Dominion Tar
10,435
24%
.......
Dominion Foundries Ac Steel-
Dominion Glass
16% Mar
19%
.0
Bridge
Dominion Coal 6% preferredDominion Dairies common
■
21
20%
-28
—
-, -
-1,735-:
155
-
Range Since January 1
Low
-
1
"%-
155
Shares
11%
•
Distillers Seagrams
:''15
•"
,7'--4%v
'100
fer Week
•
High
Ox*
.1.15 '
~.-ll%
—_———
Paper Co Ltd B
Ltd common
BehHng-eovticelli
V
Sales
.
Range
of Prices
Sale Price
;
Par i;."how
Apr
38 %
Mar
Week's
Friday
Apr
..
Consumers Glass
0
Canadian Funds
Apr
12%
18%
.25
..,....
'*
23
Jan
18%
14
Canadian Oil Companies...
Canadian Pacific Railway.-.
MARKETS
APRIL
High
13%
Locomotive
Monday, April 26, 1948
Range Since January 1
High
25%
B
ENDED
CHRONICLE
for Week
Shares
FINANCIAL
Sales
Bangs
ef Prices
Last
STOCKS—
&
...
Ltd
1
3c
374
10c
8c
lOe
5c
15c
.
5c
15c
2%c Feb
9c
500
4c
Mar
5c
Mar
1,100
14c
Mar
Feb
-lie
Jan
.
Mar
10c
2,000
Mar-
Feb
5c
16c
.,
Apr
9,600
.
56c
774c Mar
4,000
17c
.
Mar
1.000
•
6%c
15c
30c
5,500
.
10c
G74c
15c
8.P00
c
'3c
1
1
39c
34c
8c
,
.
Jan
22c
_
Jan
9c
Feb
22c
Jan
.
1
nerAH^.
/ft.'!»*•<„
VoluidK! 107
.
.-^ail^jl
iglll
wmiamm chronicle
.'*; x 'f;'t j
M
CANADIAN
.:-•
Friday
Week's
Last
;*•
STOCKS—
•
■<
Par
Dome
Ltd..—_
Mines
DonaMa? Mines Ltd—-
——I
——
Dulasaa Goid Mines I td_.
Duaa* G<&tI Mines Ltd
East
Malartic
M'ncs
—
23c"
jr4.—1
EJ Oni Gold
Mines Ltd——-
Mines
Fontans
(1945)-
09c
-
5c
FoiaMMpw Geld Mines Ltd.
—.— _1
Found Lftk® Gold Mines Ltd—
1
God's Lake Gold Mines Ltd
201)
■
.
•5c
55c
Bovcon
Mar
5c
'
Jan
5c
10c
;"■> 10c
14,500
7c
3c
3%c
151,800
3c
Mar
75c
75a
700
50c
Mar
16c 17Vic
Mar
—1
_j
16c
-
'
2,000
"
&8
5
Hudso«-»Rahd Gold Mine- Ltd
I
International Uranium Mining
10,800
10c
9.50
1,390
9
Lake Mines Ltd —j..
Joliet-Quebec Mines Ltd
(1945)
69 Vic
5.000
5c
Lake Shore Mines Ltd
__
Jm
1
_—_1
New
Marlon
Ltd
•
10c
10
lie
ll %
35c
1,000
30c
6Vic
5.500
4c
-55c
1.05
-
-62c
-
"
82c
6c
Y 49c
7.50
13c
Columbia
British
42c
500
Buffalo
1
1.24
"l.ll
1.24
1,800
88c
1.45
Jan
Buffalo Canadian —:
Buffalo Red Lake
Building Products
Burlington Steel
Mar
24c
23c
Apr
Normetal Mining Corp Ltd.—*
O'Brien Gold Mines Ltd.
----1
2.08
2.00-
YY,'Y'
4,000
2.10
1.65
9,180
.
/
1.65
1.1S
Jan.
1.24 Apr
27c
1.55 Mar
Pandora CadaJJic Gold Mines Ltd.
1
6c
6c
6c
Labrador' Development..
1
Quebec Manganese
L___♦
Quebec Yellowknife Gold Mines Ltd—1
Quemont Mining Corp Ltd
4
Regcaurt Gold Mines Ltd .......i-.-l
Rochette
Gold
Mines
Ltd..
Santor-Rouyn Ltd
Sheep Creek Gold Mines
:
60c
2Rc
7c
14 Vi
2.17
;
Cailinan
Jan
Flin
1
10c
-
Sullivan
Mines
Cons
Vinray
?-2.30
37c
Ltd
50c
"
55c
—_1
...
1.27
1.26
1
Malartic
Wait© Amulet Mines Ltd
6.40
Apr
Oil Stocks—
l
Oil
Jan
Canada Cement
Preferred
Jan
14 V4
Apr
Machinery
Canada
Malting
Apr
9c
Apr
Canada
15c
Calgary
Edmonton
&
Consolidated
DaJhotisie
Fooihills
HomevStead
Oil
Co
Oil
&
Ltd
Gas
Ltd
Corp
40c
Oil__i._—*
——J——..*
Co
Ltd
s
-
23c
.
.
Apr
Feb
Jan
Canada
58c
34c
•
6,500
8c
.
Jan
Jan
3:00
Jan
;
r':
Apr
50c
•
•
•
99c
.1,900
'
Mar
3,500
-
6.40
:p 4e
400
.
Packers
Class
B
Canada
4.75
6.500
6.25
Creek
Grease
Home
New
Oil
9o
Feb
Omnitrans
Exploration
Oil Co Ltd
Ltd^._i....._*
-
;
Power
class
Class
>
3.75
Feb
6.25
12 Vic
Feb
24c
Apr
'
38o
Feb
Apr
8.15
—
J
10,815
,
.j-.--.
8c
Bakeries
Abltibl Power & Paper common—
'
5.25
,
-20
class
Acme
—
&
Gas
38
^_.
OiJ
3c
Feb
r_
16'
v*
Rrefertred
6c
21c
18c
r 24c
.,3 Vic
4c
56%
51%
57
53%
54%
-1;
Gold
-1
Mines.
Algoma Steel common
Aluminium Ltd pew—_______—
Aluminum Co of Canada pfd—_
Amalgamated Larder Mines
American Nepheline
—i.—
American Yellowknife...—
v
♦
—
,
4
54Vi
-
35%
Canadian
6c
-7%
...
65c
-
-
Y, 37,500
;
Y
•
Apr
Canadian
Canadian Oil
Anglo-H:uonian
Apr
Jan
Ofl Cos
"
.
V;
L
•w—
_
AqiRtfUia Porcupine
a
24
-
'—100
■
7——t
Armistice
T
Cheskirk
,
Atlas
Steel
>1,
Bagamac Mines
Bathurst
Power
Exploration & Radium.
Beatty Brothers :———
Yellowknife
Tel^jhone——,—
Beaulieu
Berens
—
4
1
Apr
I
'
Class B
Bevqourt
Bidgood
For footnotes see page
V
1
•,
Feb
14
Jan
40%
115
35
Feb
41
Jan
80
35
70
Jan
80
; Apr
29
125
Jan
-
Mar
30
21% Mar
8.35
32c
Apr
Coniaurum Mines
Consolidated Bakeries
Consolidated
38c
17% Mar ;;
24
Jan
19%
20%
915
16% Mar
23
Mar"
21%
Jan
25%
Jan
21v
Jan
13%
Jan
17
Jan
76
Apr
:
76
70
76
235
„38
37
33
270
34% Feb
19
19
19
50
-
9%
14%
15
-—65
85%
85%
35
14
1,050
9
r
5c
Feb
12%
13%
24%
25%
71c
Apr
23%' Jan
11%
Jan
13%
Apr
15%
Feb
Apr
90
Feb
11%
10
14
Mar
11 Va Mar
13
21
Mar
70c
Mar
11
Mar
Apr
%
30
88c
Apr
Jan
Feb
73c
1,900
13%
1,035
15
Jan
100% 100%
20
99 % Mar
100%
Apr
15%
18%
30,504
12% Mar
18%
Apr
100
100
15
98% Mar
18
18
20
16.
Feb
24% -24%
--25
13%
25
24
Apr
,
18%
—
1.38
1.31
1.11.
1.23
1.25
1.21
1.20
-
14c
15'/4c
14,200
13c
8c
8c
9c
8,500
7c
10
9%
10
150
,55c
Y, 65c
11,800
14c
6c
2.25
7c
V
6c.
•,
1
1.90
Jan
1.37 Mar
1,40 Jan
33c
Jan
Mar
16c
Feb
10
Mar
Apr
Jan
30c
Mar
65c
Mar
8%e Jan
Feb
3.00 Mar
5c
Jan
1.76 Mar
2.45 Ja»
3c
5,820
12%
Jan
2.65
;
2.24 Mar
2,000
1.83
1.90
Apr
4c
.
8,000
4c
Jan
18
25
7% Mar
21,200
2.24 r 2.30
3%cY
103%
^
Feb
1.05 Mar
500
,
%
Apr
1,000
9,150
1.50
1.30
1.40
1
16c
16c
5c
Mar
1.500
46c
Apr
55c
6%
150
75c
4,000
65c
2
12%
27c
4
Mar
3,500
13%
_>—
Mines
Beattle
2,683
,
55c
75c
Feb
10
300
.
19c
6%c
f%
1
———
13
14
64c
68c
5%
65c
460
65c
14,850
2.48.Apr
16C
13
55c
6%
16%
Mar
Feb
Jan
S8c
ARr
15c
Apr
Jan
l.oo Jan
Mar
13c
Apr
Jan
7%o Feb
Apr
Apr
55c
1,500
19 %c
24c
158,450
109
105%
111
7,002
1
—5
»
9%
9%
7-—100
149
Jan
Consumers Gas
Exploration
Conwest
1.08
99c
27
---«
Apr
Crestaurum Mines
--———
Pershing
—Y—
19
Mar
210
19
26%
27
245
25
20c
22c
3,OCO
19c
Mar
55c
55c
3,700
55c
47-
47%
42
Jan
23
Apr
100
Imperial Mills
Croinor
7% Jan
19
iixi
Mar
70c
—1
Cosmos
*
Corrugated Paper Box-——-—
Jan
Jan
Apr
Apr
10% Feb
m
Jan
L23 Apr
24c
;
Apr
145
68,395
„1
9Vic Jan
14c
8
69
9%
1.23
2lc
"
91% Mar "
135
149 1.50%
——*
—
Apr
Jan :"
16c
22c
—
—,
31c
5% Mar
67
-
Mar
8
323
"lOo
Consolidated Mining & Smelting—
Cons Press class A
9.20
"
38
82
-
100
25%
~~
Consolidated Central Cadillac-
65c
'
'
Mar'c
16
490
15
85%
9%
y;
>
'
13%
*
Consolidated Homestead Oil
-
j
Jan
23
-
Jan
41 Vic Jan
Apr
5
Jan
21% Mar
5,586
Petroleum
Conduits National
Apr
'16 %C Feb
Mar
7%
Mar
200
1,675
6%c
54%
•
Y 1.35-Mar
....
3,835 ,%v
v
Apr
Jan
27% Jan
Jan
30c
...»
Jan
-90c
Mar
50
Mar
19c
Apr
*
Jan '
15c
Jan
Cub Aircraft
23c
13,600
15c
Mar
38c
12%
13 Vi
13%
Jan
120
49,500
"
Jan
f.l-'/aC
,
6 Vic
,,
11
320
:
8V2C
-
'
,
8C
,
Zh\c.
29,800
8 Vic
8C,
11% ,11%
,
,
-
Mar
83
-
Apr
-
Apr
6c Mar
a -
6,000
6c
-
60c
Jan
__—
,
1
—
15c 17 %c
160
3,695
108c
v
11©
Mar
11,500
Apr
9%c
,
..
17c
3.00
9%
15C
6%C
33 Vic
32c
40
10 %c
165%
20
39%
25
:
Apr9% Mar
8 Vic Mar
5,000
7c
3,133
26
570
25
285
35
35
35%
14 c 15 Vic
,
*
.
34c
40
120
10c lOiic
164%
166
39,700
37e
40C
18%
5
5%
39c
36c
40c
18 %c
18 %C
19c
8,850
Mar
9c
160
5,200
-1
Mar"
Mar
Mar
38%
877
400
Feb
27c
11,200
„
Mar-
17
160
.
6c
9c
62,400
20%
Mar
3.00
3,600
r
16c
-
,25 Vi
35%
15c
3,600
3.35
16c
.20
Jan
'
Leather
Class
%
A—,—
10c
Mar
50c
Mar
7c
Mar
10c
Feb
Jan
Denison Nickel Minos
Dexter Red Lake
Dickenson Red Lake—
33c
2,200
17
25
125
Apr
Mar
Mar
Mar
Jan
Jan
Mar
8c
28
Jan
37% Feb
1
Delta Re<f Lake——
Jan
20 %q
—1
Mar
Mines
72c
Jan
Dominion Dairies common
41
Jan
Jan
Jan
Dominion
Jan
Dominion Scottish Invest common
18%
Feb
5%
Magnesium
—
1.28
7c
8?%c
Dominion Steel An Coal class B_.
Dominion Stores
Feb
Dominion
Tar
18eMar
28c
Jan
Dominion
Textile
—
Chemical
common
-
1.05
11
Jan
1.60 Jan
9%c Apr
48c
Feb
Mar
lie
Apr
30c
1.900
30c
Feb
57c
63c
21,200
45c
Mar
40c
Mar
20%
45c
40c
46c
20
19%
20%
49c
19%
21%
65,100
16%
7,955
,
45c
82c
Mar
Jan
64c
*
Jan
21 Ve Ap r
65c
Jan
Feb
40 %c Mar
21,500
Apr
Jan
28%
Apr
5c
70,300
16c
30c
19%
Jan
25
25
120
25
Jan
27
18
19%
590
16%
Feb
19% Apr
8
9
215
23
23
24
53
23
Apr
26%
25%
27
2,000
22
Mar
•7
7
100
6
Mar
3% Mar
3,050
8
9%
Apr
25
,
Feb
Jan
Feb
1
4%
4%
4Va
117
-25
17%
1?V8
17%
3,000
0
25
24%
25
550
21% Mar
Jap
IVaMM
Apr
18% Jan
20% Jan
21
21%
45
19% Mar
21% Apr
12
12
310
Feb
12% Mar
100
13%
Feb
'
pfd_—23%'
>
1,700
-10,500
Jan
20c
.
'
11c
14c
—
Jan
&
1.25
7c
-2
*
*
35
1
——
21c
9% Mar
————
60c
Feb
50
10
25
Preferred,
Dominion Foundry Ac Steel
65c
9%
60c
Ltd
Dominion Bank
Dominion Coal preferred
169
9%
1.00 Jan
,
23% Mar
45 %c
——:
Apr
25c
170
—
Distillers Seagrams
Diver^fied Mining
Dome
3,600
-1
Jan
16c
,22
16,000
17c
25%
*
Discovery Yellowknife
•
8%c
1
—
Mar
4% Mar
25c
.
4.00
10%
7c
15c
25%
11
Delnite
15c
25c
300
25%
7%C
—
13 Vi Jan
"•:
1
—
—
•
B
Mines
65c
15c
———-
class
'
8c
3.25
Davis
60c
—
—
D'Aragon Mines
16 Vic Jan
Mar
18
11
11%
Jan
25%, Feb
.14,695
-1
46.
480
Apr
6
19c
20c
i.
Gold
Kirkland Gold
13%
Apr
56%) Feb
Lake
Mar
Bertram & Sons class A
•
Jan
18
21
Colpmac Yellowknife
13o
1,000 '~X
,'«•-|9%C Mar
6%cMar
>
1
River
38
22%
Cockshutt Plow
Coin
Jan p
6c
'
,__100
201%
Mar
15% Mar
22
——1
25c
14 %c
-1
Mar
33
15 Va
—-_f
3,500
6%C
.10
190
20%
1
4,800
class A—
Bear
Bell
1
10
52
780
—
57
;■
Mar
,
,
10
9%
_—.
Bank of Montreal
oS Nova KcoMa
—:
Base Metals Mining ——~
150
16
—
9c
—
————
Bankfield Consolidated
—-2-—1
220
15%
Mines
45c
'
16C
„—-—_.
Auto Fabric class A
38
Jan
Jap
*
Aumaque Gold Mines—,.
Annor GoJd
Jan
190
15%
—
Citralsm Malartic
24c
Mar
20c
10,200
V
77
45c
;
11%
Aubelle Mines
Jan
11%
9V2 Mar
16%
13%
Mines
Chesterville
313'/*
.
Jan
-
38
——
.
21c
1
L
7
53 Va
-
"
10
Apr
50
Apr
Mar
1
Davies Petroleum
Ashley Gold & oil-,
A&toriA Qjiebec—.
-
12%
1
8c
45c
I
1
Asbdown Hardware class A
50
V
•
Mar
—
Crow's Nest Coal
Crowshore Patricia
3
—
450
1.000
7c
7%
75*
—
Gold
6%
9%
43%
10
•
Cochenour Willans
8c
500
22%c Feb
9,500 Y •#. 8c; Apr
173,835
..
:
14c
7W.
;
;
.,
-10c;
95
Feb
16
"
-6c-v
,9'Ac
i 9%c
12 Vic
—
:—1„
—
'
6c
.—^-1
Argus Oorp common
Arjon
>-•
.i_l
^
Jan
Jan
18% Jan
28% Feb
Apr
5
17
TUllwav
Mar
87 %c
*
.Y 44 % Mar
8.50
38 %c 38 V+c
Area Mines
Preferred
Warrants
2.48
8.35
8.35
45
50
25
395
common
Mar
8%
Feb,
Mar
1,810
30c
'1.95
2.35
—
Y—__~_.
Ahglo Rouyn Mines
Apex^ Oops Resources
4%
•
Mar
27-
10
-
205
—
'
Anglo
6
1,000
^—
•
610
r
50
25
Central Patricia Gold Mines——1
Central Porcupine1
Centremaque Gold.
u—3
Chateau-Gal Wines
•
Chemical Research
-1
Apr
101
1.5 %c Apr
4,000
9clie
-190
28%
12%
"A'
—
19:
Feb
33% Mar
25
30c
3.00 Mar
99 Va
-
14% Mar
20%
Canadian
5% preferred
Canadian Pacific
38
\
.
22c
v;
555
37%
—
Feb
20% Jan
Jan'-
5.240
24%
10Vic
18%
12%
—100
Locomotive
Canadian Malartic
17 V4
20,600 ;: ; 3%c Mar
••21c
a
,—1
Apr
19%
—-4
Alcohol
Industrial
Class B
Apr
man
16% Mar
98
300
4,800
(
25-
—
Apr
97 Va
24%
—•————-—--—
16c
17% Mar
:
Y
500
75c
21ft.
—1-
3%
40
12%
—XI-
18%
Feb
"
_25
640
—4
——
Commonwealth
AIbmj
* 1
7,700
3%
20%
—Jii——25
1.75
12% Mar
'
25
,
8'/4
3Vic
1
2 .15 Apr
2.40
Apr
Apr
Range Since January 1
2,529
101
6c
Jan
24%
common
Canadian Wirebound class A
25
8 V*
.'-.75c
65c
97%
9%
-100
Canadian Utilities preferred
Canadian Wallpaper class B—
345
6c
•
Mar
4
Cariboo Gold
Caatle-Trethewey
7,241
38
—1
34c
20
Preferred
8.15 Apr
32Vic Apr
-
Low
V 100
Y——.
w
Mar
-20
Canadian Food Products common—4
class A
4
/--• 7c Mar r
Shares
17%
—
6.30
16c
——4
—
preferred—
'
Agnew-Rprpass
Akalteho Yellowknife
Alberta Pacific Cons—
Feb
Feb
2Q %
•
Apr
for Week
■
17
100
Feb
15o
Mar
6c
3.65
6
3.60
Sales
20 Vi
■
Apr
Jan
21
1.95 Mar
Apr
520 ' '
16%
19%
38
—
,
38,893
Apr
,16%
Feb
8c
Jan
12 %
22%
—10
Jan
Mar
«
A
Preferred
20
:i20
$1.50: preferred
$2.50 preferred
Acadia-Atlantic
62c
28
Jan
18c
High
14%
5,000
75,985
30,700
25c
32
.
77%
Cailadiah Dredge
95c
38,000
of Prices
16%
11c
6.30
12c 14 %c
44
——
—
*
10c
40%
Canadian Bank of Commerce
Canadian Breweries
,
Exchange
Low
13%
17%
—
Apr
4,400
.
18%
Range
;
110
2.15
13%
52c
21.500
■
1.69
Week's
Last
14
15%0 Feb
"
190
,^50
—
Canadian Celanese
Funds
Sale Price
10% Mar
28
_»
Class A
Apr
2%c
Par
275
52c
——
".v
12%
5,600
5,600
,
Jan
Jap
2.40 Jan
'
Jan
;
STOCKS—
37c
Feb
Ixoo
common——-
Apr
7,000
Friday
28%
5.35
38
28Vic
3c
Canadian
Jan
Apr
.Jan
23%
Apr
905
16%
B
Canadian
I
■■}
1"
1
.
Ma*
99c
Mar
10c
32
3%
A,
Jan
19c
1.25
Toronto Stock
6c
12c
<
9%
Canadian Car common
3.25
7c '
10c
10c
50
Mtge—__j—
Apr
,/
18
Apr
Jan
6
Apr
1.60 Mar
-
2.20
„.
2.45
900
7V4C '■]■■■
:
.
Jan
-
27
/
Mar
22
1,288
45
1.60 Mar
300
4
70
22,600
55c
Canadian Canners common
1.75
1.55
26c
1,700
31
Canada Wire & Cable class A_^_
Preferred
Jan
65,900
,/
24c
•.>. lRo 26Vic
IRc
-
27c
23
-
6
Apr
150
,1.62
-
1.80
20
5.40.
^
7.85
—♦
Ltd_T
4:
,
29o
Jan
8%c
18%
Y
Jan
19 Vic
■<
Mar
7.50
„
*
—
Oils
Oils
Royajite
......—_50o
Ltd
Co
Pacalta
Okaita
Petroleums
.■.
Feb
1.73
10c
—^i
Canada S S Lines
Jan
2,600
52c
-
Apr
99
-
40© -Mar
5.95
—
Convertible
13.725
1.58
24%
16c
12
1
■1
3.25 Mar
>
1,000
1.75
-
80c
1
—
Permanent
1st preferred
2.45
' 2.98
__
1
Apr
4% Mar ■'.
130
315
26c
—
—
Gaspe Oil Ventures Ltd
23
24%
-3-Mar.
177,300
67c
—,
!W-.
Northern
Canada
;
•
Jan
07c
■
'
2.55 Apr
52o
Jan :
'
Apr
13c
2.08
Feb
Mar-;
2%c
..
7>/ac
Mar
91
Mar
'
50c
6Vic Mar
-
6
Canada Foundries class B—
Feb
-1.15
'
-
"1.45 Mar
4Vic
20c
,
5
26, 26%
24c 1 :29c
31%
-—
68©
Jan
500
5.60
-
-3,900
,
97%
13c
1.01 Mar
:*
-2.766
26c28Vic
6.00
4
'
♦
89c
;
'j*'
British Dominion Oil & Dev Corp—28'^c
3%
,...."4
23
-
Apr
20
•'
Feb
10c
17,500
2.00
65
IOC
«
——.
—_
common
9c
12,700
2.55
•
Ltd—2.33
Co
91%
II
—
Canada Bregd common
4 '/a %
preferred
:
Anglo-Canadian
91
1
Campbell Red Lake_-
Jan
Apr
7-Vic
6.25
25%
25
26 Va
'
-1.35
2.55
Y.YYYV'.
7o
Mines.—i_.l > -V4%c
^4%c
Jan
12c
Jan
13%
4,400
52c- -55c
—_1
....
600
.
Feb
23y8
1.73
,
Feb
1,000
*
.
10Vic-- lie
\
(1944V Ltd—.i
Mine*
40c
^
2.25
•
«•,
.....,i.Y 50c;
Teck Hughes Gold Mines Ltd—
Thurbois Mines
40c
1.02 .'1.02
,
20
608
22
♦
Oils
Mar
,
500
.
2,590
26%
69c
—
9c
i.
200
10c
24%
25
26c
-1
——
5.80
Y
:
*
Soma-Duvernav Gold Mines Ltd-.i—1
Stadacona
9c
23%
6
Flon—
6c
1,250
9c
..rj....
4.10
'•
Jan
LOO Feb
Apr
Apr
13%
Ankerlte
Calder-Bousquet
Calgary <fe Edmonton
Apr
Mar
26*/a Apr
4%e
Y_.
19c
7,000
14 %
40c
Mar
Jan
11
7,500
%
v-
-—^
i
57c
13.150
,
7M»c
Apr
4V2cMar
14,500
.
9Vic
Jan
3.05 Mar
„
1.000
3lc
•
14
.i.
ltd.i—.—50c
Siscoc Gold Mines Ltd
67c
>
4.50
100
-
-
6c
r<
9Vic
1
:
Ltd
Mines
64c
,
,,
u.a——1
...
Sherritt-Gordon
,
5c
-
1,400
4.10
„
Quebec
2,000
4,.60
800
Apr
F©b
Burns & Cq class B
Apr
2.10
i
-
l.SO Mar
-"
1,100
Feb
Mills,
Calmont
Pato Cons Gold Dredging Ltd
—_:__1
w.
4.50
Pead Oreille Mines A Metals..■ 4.10
Pitt Gold Mining Co Ltd——.-i.
1
fic
6c
7.50
so
17
■
wrW_.
7.50
6c
3,533
29c
Feb
2.75 Mar
55c
Jan
-
8c
Broulan pQrcupine
"1,90 Jan
Apr
4c
18 % y is y»
26%
,*•««-
Apr
_Y_1
B-,-,-
Buiiadison Gola—■
6.25 Mar
92c
24c
42c
44
.
Oil-—
Feb
Apr
13,700
Packers class
14% Mar
Mar
1.00
* 23c
3c
Feb
Ma*
26%
Columbia Power A
Dominion
50c
Mar
2.50
29o
24%
_*
Forest Products-
Columbia
British
British
Feb
Jhll-/'";
Apr
Apr
26%
*
Y
17C
14c
2,000
60c,
••
AW
•
Mar
4%c; 5%c
23 :
23
•
Mar
55c
100
7.50
.
50c
26%
19
-
Apr
92c
Ltd.—
British
Feb
.
'
Mar
21,400
■'
7.90
60c
•
—v-25
Q$ common__Tlr.
c'onv preferred
_25
Columbia Electric pfd——: 30
British
Apr
Feb
Apr
Ma if-
43,900
2.50
•
„■
i
1.05
2.50
.
»•tr-TTtV.—
American
3%%
Jan
72c
*:
Mar
94c
»-
—
Gold Mines
25c
i._____l
Dredging...
New Calumet Mines
3V'4C
.*
35c
58c
...
Cons
3,000
5 Vic
6c
Macdonaid Mines Ltd
Madsen Red Lake Gold Mines.—i_^__l
Mining Corp of Canada Ltd————-*
Neehi
700
+
7.55
7.90
—
Bright (T G)
Jan
Bruck
i_
1;000
,
I*
18% Feb
ioc
9,200
46c
.
Brewls Red, Lake
24c
Feb
50c
"-2,000
11 Vic 11 Vic
1
Louvioourt Goldfields Ltd
-36c
10c 10Vic
s
_1
Lingman Lake Gold Mines Ltd
Lingside Gold Mines Ltd
4c
36C
,
__1
-
.
11,100
31/4C
1
—
Mines Ltd
70c
*
1.^
Brazilian Traction Light A Pwr
12
Anr
68c
—1
50c
4%c
3c
_.
.'.Jr
„.tJ,
20c<
Jan
6y*c Mar
93©
Feh
Apr
7c
9.00
5C
—.L—1
Jack
Lake Rowan
9.50
;
Mines
18c
,
'
British
Hollinger Cons Gold Mines Ltd
3c
46c
4%c
Gold
Brand A Millen class A-__
Brantford Cordage preferred
,Jan>
35
3,100
5,773
3,500
14c
Pershing
-
Range Since Janeary 1
LOW
20
14c
11c
11c
14o
Bralorne Mines Ltd
L31 Feb
23%e • Feb
Mas
3e
-
Bonviile
Borchilac
1B5 Feb
-
Shares
Jtigh
18%
—
n
Bonetal Gold
Feh
8%c Feb
-
Mar
12c
.
2.500
V
-.
Low,
T»—1
''Bales'
fee Week
ef Prices
«
B0W0 Mines Ltd__^———.
1.65 Mar
23,800
15Vi»c
27©
*
160 Apr
v i
.
4,100
-
Mar
Mar
5c
Ltd..;———j—1
Mines
.,
.-WRWk'a
-
Sal» Price
Biltmore Hats clasp A pfd;
WtMax
X-AiQ&i Pel?
Mari
-.
lOc
___
Goldvue
6c
1,300
-
04c
35c
1
:
1.60
539
•
23,000, v.
.
2.45
86c
.
,..1
Ltd.
Y,
1.60
2.35
•
2.44
STOCKS*—
.
Par
Mar
20.
4.900 /
•7"
24c
6c
^
a-'
Sullivan Mines Ltd.—
—1
EldQa%-0eld Mines Ltd—.——L.1
East
Last'
Range Since tlaftuary 1
140
.•"
76c
''
20 Vac
^
.i—
Frhkw
Shares
Loie.
20
70c
■
MARKETS
ENDED APRIL 23
for Week
High
20
.
■
1
Ltd •_•;
Loip
"
i
of Prices /»-
■
—♦
:•«
LISTED
FDR -WEEK
Sales
Range
■
SsUfi Price,
-
' RANGE
.
11
2ft
,
■
■
4%
.
(m^WiiW»*-^f*«KirtiUff«A'(l*i«tW'>«tW if,!
*>W"
*>
7
V
i'!'
MARKETS
LISTED
CANADIAN
APRIL 23
FOR WEEK ENDED
RANGE
Monday, April. 26, 1948
FINANCIAL CHRONICLE
COMMERCIAL &
THE
(1840)
44
_
Last
Sale Price
STOCKS—
Low
Par
,
I
Mines
Donalda
•'
East
Amphi
East Sullivan
21,142
6V4C
5,000
1,000
Jan
29c
Feb
28c
Mar
74c
Jan
5c
Mar
12c
Jan
Mar
33c
Jan
)
10c
10c
8%c
19,000
36c
9,900
10c
Feb
45c
Jan
Louvicourt
Gold
Mines
1.60
8,850
2.08
Feb
2.45
20,050
1.60 Mar
3.50
Jan
Macassa
2.35
10
1,450
6% Mar
10
Apr
265
30
Jan
38
Jan
110
16
Mar
Apr
17%
17
50c
49c
53c
10,375
45c
Mar
82c
95e
379,400
55c
Mtar
15 %c
16c
2,500
12c
Mar
25c
10
10
10
Mar
12%
1.56
1.75
34,979
Apr
4.55
Jan
4.55
Jan
1.74
1.15
4.25
4.45
1,335
3.60 Mar
17
16 V*
17
,45Va.
795
15% Mar
18
195
34
Mar
47%
5%
5%
5%
919
3
% Mar
100
Federal
Kirkland .———-———1
Fibre Products common
———*
Fleet Mfg & Aircraft
•—-~:
—*
100
99%
100
25
85
Mar
Preferred
8
243
2 %
2'/a
300
,i~5
5
5
46
15
14 ."4
—*
26
24%
26
7,685
9C
9c
9c
2,900
1.90
1.80
1.92
8,500
*
„—
~8
*
Gold
Exploration ———j———*
Gair Co preferred —————100
Gatineau Power common—-:
_*
..
5% preferred
20
8c
6,690
4,400
74c
71c
77c
69c
-i.*1
.
68c
Prefe rred
1
Mar
414 c
414 c
1,500
4c
Jan
8c
11,500
7c
Apr
16c
Jan
5c
2,500
3c
Mar
9c
7 Jan
National
•
preferred
Greening Wire —
A
10%
———
v 10
.
Gunnar Gold
1"
—.------~
Carpets
—XL.*—.
"l
Mines——.
Gold
Lake
Red
14%
11
7c
6%C
6V2e
i
Gil—
:
7c
11c
62c
6c
lie
lie
9:40
•9.10
9.50
7.95
Mines „._5
———.
7.45
8.15
;
5,000
Paper
class
Hunts
-
?
&
Huron
5c
32c
'
:
I
Apr
Jan
v
62 %c
Apr
i5c
Jan
Feb
Apr
18c
Apr
;r 3,507
43%
Jan
;
3,000
2 '/4C
Jan
3%c
Jan
7% Mar
10%
4%
preferred
9
50
II100
113
113
25
111
Jan
21
21
7
21
Apr
23
14
14
6%
-~1
13%
6%
6%
f
8V4
9%
;,•'•!
——
International
Nickel
Co
common
'•>
Island
Mountain
-
9
Apr
24% Mar
25 y4
-
Feb
200
7
402
Jan
8%
Tubes
28
29
Mar
;
,
8% Jan
9V'4
Feb
;
Penman's
13%
13 '4
67c
Consolidated
M
Pioneer Gold
25"% Mar
30 Va
Feb
98% Mar
102%
Jan
Mines
Ltd
I'
5c
;•
'
Apr
11
Mar
15%
Jan
Powell
Mar
73c
Apr
Power
1.00
1.45
Apr
:■
Kelwren
Gold
Kenville
Gold
30c
4c
900
;
.
7
1,000
Apr
7c
Jan
Feb
18c
Jan
7c
Jan
4c
Apr
37C
5c
12c
J——l
21C
1 21c
£
:
_i
Kirkland Golden Gate—j__4.——1
13%
13%
Kerr-Addison
——
Kirkland-Hudson
Kirkland
.-J—1
2—
Kirkland Townsite —_J——
—
Labatt (John) Ltd—2—-—
iii
-
14c.
.
23
%
23
1
69c
*
3%C ;
3c
3 Vi.C
9%c
9%c
t
.
l
•
11V'4
40c
Lapaska. Mines —J
2.25
2.25
1
Laura
Secord
Leduc-West
Candy-—.—,
Oil
Legare Co preferred
For (footnotes see page 46.
—3,
•
^^---25
;.
■
4c
14
80c
89c
>
20 %
20%
i_,
Dome
Mills
Jan
1.55
Jan
Jan
7VaC
Jan
Jan
Apr
18
,
Mar
-;7 8c
Feb
Mar
46c
Jan
65
Apr ;
Apr
Feb 7
Mar ;
20C
Apr
82c
Feb
8C
Apr
16 %c
Feb
1.85 Mar
2.30
Jan
3.50
Jan
7
Apr
Jan
25c
Apr'
6c
Mar
56c
,
41%
£
Jan
Feb
Jan
50c
Feb
70
Feb
common
Fel) .
% Apr 7
X 2.10 Jan
Jan
Quemont
•
13%
15
Jan
Jan
40c•
Apr
51
i
Apr
9
,
15
1.55 Mar
in
—
Jan
15
Apr
10%
1
Jan
,88c
Mar
11
50
35c
f
v
Apr
22c
55c
23
v
Feb
9%c
Apr
Jan
.
-
10%
7
Apr (if
Jan
54 % Mar (1
Roxantt
9c
17c 17 %c
16c
Apr
1
30
3.00
Jan
Apr
—10
7%c Jan
5%C Mar
11c
Jan
Mar
8c
Jan
7
17% Jan
;.
Russell Industries common
25
18
19
16
20,500;
2,525
18,400:
12
Mar
60c
Marl
20%
Apr
.r
St Lawrence Corp common
Class
St
:
A preferred
Lawrence
Paper
preferred-—^
89c
Apr
San Antonio Gold Mines Ltd.——
20%
Apr
Sand River Gold
J
—j—-4
—_7
10c
14c
15%
•
1
—
10%
*
50
100
1
*
42
10c
17c
16 Vi
49c
.
Jan
Jan
'5
25%. Jan
;;
19
.
Feb
-
Jan,
5c
Jan
16C
Mar
5c
Mar
23c
Jan
Feb
13
18%
Apr
Jan
10% Feb
42
110
120
4.00
6%C
6%C
'1
8q
15c'
34
3.90
„
Apr
42
120
3.95
Feb
8%
16%
12%
/,
16% Mar
;
23% Mar
—
-4-
Apr
44c
Jan
-45 "Mar
Mar
9%c
29c
—*
1
—1
—
4%c Mar
9c
25c
9%c
24%
Jan
33
;
Mar
0
Royalite Oil
Roybar Chibougamau
Rupununi Mines
Jan
Apr
Jan ■;
28c, • Feb
«
Mar. 7.
5c
7
Apr4
-
13c
Feb
14
——1
Co
Royal Bank
20
8
—_—_1
——
Jan
44
9% > 9%
•
45
9c
Mar
30
45
class A—
30
Jap
Jan
1.80
Apr
Gold
Oils
86c
14%
Feb-.
6c
common—:—"
Robinson (Little) common
—*
Rochettt
1.02
9c
'1
Peb
89c
.
.
10Va Mar
1.80
(1936)———
Roche-Long Lac
Jan
Mar
6%c
Class. A
Apr
Mar
61c
90c
Mar
52c
9c
14% Mar
Apr
14%
.
6c
70c
2.25
72c
1.68
Apr
16% Mar
77c
——:—73c
—
Gold
Silk
55c
67c
-
1
1
—
Robertson Mfg
4Vic Jan
415c
Gold
Riverside
7.75 Jan -;V
75c
Mar
:'V 2C
Reno
6Vic Jan
Apr
38c
—
Gold
Rlchmac
Jan
25
Mar
—1
MacdOnald
Regcourt
Jan
19c
Apr
4.10 Mar
3V1.C
1.78
Apr
Mining
65c
"
Feb
1.40
-....
Reeves
Jan
Apr
—
Quebec Manitou
Apr
30
Jan
34. \ Apr
Apr
12
■;
1.21
Feb
38c
50c
4C
.
Mar
—40
Quebec Labrador
5,000
,
Apr
1
Preferred
2,000
.
32c
Airways
11%
115
-5c
.13%
,
East
—„
40c
800
,
6c
v,
14
89C
,
12,920
100
:
—
Metals
7,200
;
5%c
5 V2C
4c.
Feb
Mar
-1
1,865
20
4%c
426
500
2.35
18
1
Mines——
Jan
70c
50c
1
1
•
72c
11c
1,000'
-
48c
11%
1
larder4 "U"
Feb
1.15
Apr 7;
30,780
.%
1
58c
8%c
66,990
.
11%
42c
19%
—
Lang & SonsLapa Cadillac
Feb
I 18 %C
10c
,
l
13 Vb Mar
8,500
75c
1
10 Vac
10c
—1
Queenston Gold Mines 1
41c
8,275
J
5.50
3%c
49c
1
10%
Mar
X 65c
Jan
500
-
Jan'
Mar
5c
14c
Jan
14,276,
I
4.75
3%c
i
123
Apr
6
!
500 7.
57
33c
1,000
;U
5.40
Lake Shore Mines
16C... Jan
Feb
Apr
23%
3V«c
—
Apr
Jan
35c
Jan
Mar
J.
Apr
7%c
.
117
v':
3,000
40c
8c
2,905.
!
,
Apr
1.76
15c
v.
v
Mar
5c
58c
34,000
-
14c
1
—
85C
7
,
*
52c
16c
.*.
14
1
——
460
Mar
7c
:
.7
Apr
1,500,
1.51
1.40
1
"
Jan
1.06
Mar
33,700'
45c 49 Vic
Laguerre Gold- Mines
Lake Wasa Mining _J——
la Luz Mines
37c
Mar
4
Labrador Mining & Exploration
Lake Fortune Gold
23c
25c
12c
21c
Lake Dufatilt Mines
Lake Rowan (1945)
70c
£
lie
64c
30c
2,000
•'
8 Vic 10 %c
9c
—1
—
Lake
11c
7 68c
7',. 5c
9,900,
7
12c 14 %c
———-1
—U-
-
v
4%c Feb
Jan
4c
v.
,_l—.
Purity Flour
Feb
Jan
L" ;7v 4% Jan
J 7 2.20 Jan
.
Mar >
10c
;75
93,'aC
1
Gold
Rouyn
.Corp
Frospectors
Jan
Jan
.
32c
Mar
3V* Mar
1.40 Mar
37
Preston
I
Mar
5c
2c
25,500
,35c
31 %c
34c
55c
7;
——
•Premier Trust
Feb
13c
30,325
'
5c
2C
2c
31e
j.
—
Jan
ioc
——
Powell* River
35
40c
f 30,500
16c
5c
5c
1
Quebec Mines
—1
Kayrand Mining —————l
Joliet
Apr
X"
Apr 7
;7 28
1
Porcupine Peninsular
Porcupine Reef Geld—
/;
29% Mar
800
1.00
4c
2c
2_1
2.14
10c
%
2.60
Jan
230,330
15c.
5c-
_2_--4j--.--.2--,
3c
^
"
—
Jan
"
Joburke
118
8%
.
1
Porcupine
Piccadilly
Jan
Mar
wr 5c
—
Perron Gold
7'
Apr
Jan
4c
'
Apr
„
80C
:
common--
12%
J 30,935
73c
/
Ltd
Pen-Rey Gold Mines
,
55c
■"
J
7'
53,900
35c
.
,_i
Feb
7,189 '
35
33 Tb
15c
.j—-
14c
—^171——
Mines
Apr
20
69c
Cadillac
10%
160
99%
4%C
—
—
Mines
40c
-
59c
9c
•
Ltd_;
♦
----l-l-T——
—1 Bol
Pickle Crow Gold Mines.^
25
,1.00
__.J——:•
Mines
7:;
■
Apr
3%cMar
„1
^
Paymaster Cons Mines
•
*
Jason
Jellicoe
77
9c
;
Pressed
Jacknlfe Gold
7c
;
34c
2,600
50c
Mines
;4%c
..
92c
1,700
118
1
Mines—
Petroleum
Paramaque
Jan
7c
5c
8%
40c
13%
•
1
;
r
4V2c
4%e
4v7:
Pantepec Oil
Feb
S%"
J
-'
10%
29 2
34%..!
»
Jan
24c
1.50 Mar
-
500
V
Mines
Pandora
7
Jan
-
International Petroleum-—
International Uranium—
Osulake
Apr
73/b
6%
405
.99%
.
Apr
1.40
51%
7 71,200 1
148,500
——1
Page Hershey
14Vi
4,000
35c
,
■
450 7
1.70
7%c '?
r
Lake_—•:
Jan
Mar
200
•
16%
Mar
12
1.595
•
10%
*
12 Vac
Mar
.
'
-———100
Mar
7%c Jan
1.00 Apr
>
2,965
81c
78c
1.53
4%C
i;50
Lake
Pacific
Jan
27
Apr
•
International Bronze Powders com-—"
Preferred
25
.,
14
1
5%c
5c
1
0
6
1
-
24%
25
23%
18,614
16%
lb VB
16%
330
25%
25
25
25
International Metals class A
16,000
Pamour Porcupine Mines
—2.-——
Ingersoll Machine class A
lnglis (John) & Co
:
Inspiration, Mining
3%c
4%
.
—^^1
Feb
115
.2-100
——
Indian fiLake Gold
1,170
1.68
,
1
7.
Mar
4c
>
Jan
3c
-;_2— 2
Jan
4c
Feb
14 %c 14 %C
«
Gold
Red
Osisko
*
Prefe rred
:
Oriac
49%
9
,
Apr
46 c
25 Vac Mar
7,000
;
Jan
50
3c
Imperial Bank
4_——
10
Imperial Oil—
—»
Imperial Tobacco of Canada ordinary_3
Jan
Apr V
33c
42,000
1.60
T^i—4
Ontario Loan
'
_«
---
Jan
28c
7;,; 7 2c
40c
3c
.
O'Leary Malartic —___77._._—*■
Orenada
50
1—1
common
31c
Feb
Feb
14c 20 %c
41:: 4
0
common——
Orange Crush
23C
23c
50
Mar
15c
17 Vac
44,308 £
>•
Apr
'
Mines_—_.li.';.,1.7
Apr
32C
Mar
40c
-
7.——s
Omega Gold
20c
5c
Apr
1.26
20c
.
11c
'
4%c
.71—1
Feb
101
7:.
Apr
Mar
43
31,000
Ogama-Rockland
Jan
40c
'
Jan
Apr
2.99
7
75c
7.500.;;
Mines^,
Omnitrahs Exploration
29%
'
•6,700
100%
Jan
34
23
;
1.91 Mar
6,165
*
Okaita Oils
9C V' Feb'"? -i;
Mar-
29%
33C
.
1,500
Apr-'""'1
8.15
'
25%c Mar
25
12% Mar
Mar
.1,045 77 ,7
Mines—I
Jan
12,/
Apr
5c
;
5,850
20,700
4
wL—5
Canada Mines——i--4"
O'Brien Gold
>
>
7%c Mar
9,900
,
Jan
Mar
4,700 V.
—___1
•
North Star Oil
Jan
9
Jan
28%
18c
5,906
Northland Mines (1940)—'_l
8c
5.35
Jan
16
10
38,037
Mines
Mar
H'%
27% Mar
VVrV... 80
1.26
Feb
37c
:
13 % Mar
"
148,200
North Inca Gold
-
Feb
Jan
5,840 '
t
29%
2D34
.
'
—
——
Erie
5c
30c
common—
paid
20'it
:
A
5c
30 %C
8c
-
Mar
;
1,000
.
.
5c
62,860
X
III
—1
——.
—
Hudson Bay Mining & Smelting-.
Hugh Malartic
•
.
4.090
.7:
—„-——1
—
Apr
101/. Mar
608
Oils
Merger
Normetal Mining
Northern
i
50c
1,509
V
4
..
16c
Apr
Mar
13 %c
Apr
Jan
15c
Apr
13 V4 Mar
100 Vb 100%
1.08
Norseman Mines 4——
24%c
Mar
7c
9c
16,750
Norpick Gold
Feb
•10c
X
100
76
26%
Feb
2.5% Mai-
2.10
2.03
7
Mar
'ft'.}:*- 25
Mines '•
Norgold
>V
Jan
95c
1,500
60e*
62c
,
8c
Mar
13.400
•
5%cr
_i
Yellowknife——
,
Jan
32c
Mar
5c
1,000
7c
10%c
—
Howey Gold —7———
■
5c
■.,=% 5c
lie
,
.
Jan
5c
Jan
104
79,824
Jan
Jan
70c
16%
Mar
65
25
1
Norbenite, Malartic
11%
3,400
i
Jan
14
Gold____——————— •
Niplssing Mines
:
7% Mar..-
Apr
4,000
*
75c
r
V.,2;' 5c
..I
■
Smith
72c
r
39c
Mar
I'
—
Noranda Mines
12c
7c
3,000
J ah;
Apr
4,500
-
Limited pr
Jan
19%
Mar
•';;, 12c Mar
9% Mar
<
543
f
■
13
Nicholson
Apr
Mar,
16
6% Mar
%
15%
97%
28c
225
;
Yellowknife
Nib
Feb
Apr
1,640
2oc
—
Jan,
6%
Apr
Apr
:■100
A—
:__•
5
Jan
14
15,300
13%c 15%C
7.85
95
..
200
9c
Jan
57
6.10 Mar
300 ,7/
I
25%
Feb
3
,7.7,1.75 Mar 7:;'
^
810
7
class
Mines
Pacalta
Rouyn
37c'
13% Mar
•",,.
165
*16,100
Jan
X 16
14% Mar
250
>
£
Norzone
New
1.65
•
1,160
100
Marlon
New
•
Apr
11c
,
5%c Mar
50 7/,
-
'
Apr
Jan
24c
1,200
18
Mar
700
.
76
ya
25%
j...
New
Jan
88c
Mar
1.40
12,800
7c
r
Hosco GoM Mines
18c
10%
.-i
'i Hoilinger Consolidated Gold
Howard
7%
14V4c,
Highwood Barcee
,
lt'%
7%
72c,
-l':
.
—
—
I Heva Gold MineS-vHighland-Bell —f—-Xj-.-'—X
: Highrtdge Mining
Homer
%
7c
iT.f,
.-1
.
■
Gold
V.
15
60c
2.500
:•'«
34c
Mar
4
-
Jan
16
10
Pipe class A—■
Car_—7_-.__——
(Wm)
Calumet
7. Jdh
5
1
-1
Hasaga Gold
14c.
•15 VaC
—-i—
Neilson
Jan
44
Jan
40%
100
4 Ve
■;% 11
_-l
Hard Rock Gold Mines—^—
Harker Gold
375
1.65
7%
Steel
New
3ic;
13
Sewer
New
Mar
19
15% Mar
73
9c
Negus Mines
Apr
.
14c
Feb
10c
500
3,070
1.55,
-
1
v
Hosiery
Petroleum
National
Jan
23
20
.
18%
^Iw.-„
Apr
Mar
Jan
18c
200
-20
National
Apr
19
29c
10
i
com
National
Jan
22
16%
16%
—
National
Jan
103%
43
70 %c
72c
; 1.55
—r—
52
Mar
19
,
4%
Hamilton Bridge
Headway
18%
42%
W—•
Feb
10
v;v- 25
»
ICC
10c
-1
:—;
Feb
49
10
20
1
19
104
195
-
-
22
22
Gypsum Lime & Alabastine—_
Hahn Brass preferred
! 'Home
10 y4
v 20
Jan
219
50
Grocers
Preferred
4Vic Mar
109
103
108
■
25Vic
;
2V8c Mar
5
108
50
_»
Mar
10c
500
16
^
Mylamaque Mines
Drug preferred
Feb
2.65
30c
Mosher Long Lac ---7—
.Jan
14c
Mar
1.95 Mar
■
49,730 V
3c
3c-
—
Mines
20c
1514 c
16 %C
—-1
•——-.
Mines
Feb
7c
Great Lakes Paper common—
Lead
7%c
4 %c
7c
-w—
Bousquet
Poicupine
Moore Corp common.,——
Preferred
Jan
97%
30c
:\.7
Q
14%
97%
—
;
National
10c
1,500
.
g
14%
—
—
common
Jan
75c
Mar
12C
4,815
Montreal Locomotive -I16c
21,480
A—
class
Co
17%c Jan
Apr
10c
_—i—----- *..——50
Graham
Heath
lie
5,700
12c
'
{
12,100
13c
Moneta
2.60
—
&
Harrlcana
Mar
lie
I——1
«—
—
Class B
Harding
48c
14C
4%c
Grafton
1
52,750
Knitting
Preferred
Jan
2.50
♦
Gordon Mackay class A
i
81c
Works
Tool
Monarch
Apr
1.09
.
Modern
Feb
82c
2.60
Goodyear Tire common——
t
Mar
11 Vac
Porcupine
Mines
'
50c
Mar
66
11 %c Mar
2,075
I,.—.
Jan
.
46 %c Mar
260
v
Jan
15c
Jan
56%
Apr
98
9%c Feb
26,000
—.
Brick———————
—1
.
Goodfish Mining
Gulf
66,050
,
Jan
14
V:
Feb
.
On
Jan
14c
28%
■
9% Mar
2,000
Pacific Grain
&
Mining Corp
4 V2C
Mines
Guayana
Mar
Milton
1
—
-
Arrow !——
Goldvue
Midland
Jan
6.10
8c
Mills
Mid-Continent
1
Mines
Goldora
106%
Apr
2.90 Mar
Apr
Mar
90
8,500
———7.—
'
Jan
12c
14c i
1
Golden Manitou Mines
Class
V
I6V2
Jan
19%
8,250
Lake Gold
Jan
6c
Mar
"
Jan
Feb
Mar
24
•
215
Lake——.
Red
14% Jan
31c
3c
1,000
——:
Mar
23
Mar
16
10
v
•
Feb
Jan
3c
Jan
Mar
14,300
14
Jan
1.95 Jan
Apr
18% Mar
205
Mclntyre Porcupine Mines-——.
McKenzie
Jan
11 %c
—ZZTi'
—*——7——-.-
Goldcrest Gold
Goldhawk
4.25
Preferred
McDougall-Seg u r
Jan
37/b
99%
30
100
3.95
»
-100
Mercury
20
108
—20
common
3.15
40c
,
11
4,500
-——
McWatters Gold
Feb
14
——
Mines
Golden
60
8C
Lake Gold—
Gold Eagle
15%
Preferred
McColl-Frontenac
Apr
'
10c
4,395
7
Jan
Apr
2c
40
————
7%
1.50
5,500
——7—
Jan
2.40
20,474
———-
'
Jan
2% Mar
99%
4.00
Gold Mines.
Oil —1—-.I——II1
Goldaie
12,000
Gold
Feb
10V4
Feb
18c
1,000
——
Jan
1.51
4% Mar
7
Jan
1.95
12c
Apr
9
3,503
16,400
3.00 Jan
Mar
1.00 Mar
6,650
20c
Feb
18c
2.40 Mar
855
Apr
1.46 Jan
Apr
1,075
2.50
6V2
Apr
....
Jan
1.50
Mar
5,050
1.63
Eastern
&c
McMarmac Red
Feb
6
40c
12c
21,400
—
Feb
94
Apr
101
——
Gillies Lake
God's
3Vi
"
—
100
Preferred,
«
Massey-Harns common
Jan
2.29
Jan
10
2,000
—————————————
Martin-McNeely
Apr
15c
,18%
90
3
26
Jan
29
55,100
15c
14c
Mines—,
Maple Leaf Gardens
Leaf Milling—.
Jan
Jan
1.30 Mar
86 %
B
Marcus
;4%. Apr
Apr
7c
Gold
Maple
Feb
15
31
8c
Feb
9
3%
Feb
21
103
Wares common
Steel
>
20
i
102 102 >/2
■,
3% Mar
13%
55
15
Bakeries
Giant Yellowknife
Globe
1914
,
123
90
88
102 V*
100
u—
—
-
15
90
;
500
Mar
24% Mar
53c
Manitoba
Mar
6c
2% Mar
Frobisher
General
5c
7%
class A
Canada
General
'
————^
common
;
Magnet Consol
Apr
100
26
,
Mar
6,000
Class
Apr
,5%
.
Apr
7% Feb
Preferred-
Ford of
Francoeur
rV
5c
be..
r.
365
;
56c 62 %c
——
——;——
;—7—
Madsen Red Lake Gold Mines—.
Jan
Fleury-Bissell
28%
MacMlllan Export class A_.—
Jan
44
r
28
Malartic Gold Fields
Farmer Candy Shops---—I
Federal Grain com—-----——-v——*
'
28
86c
10,700
63,600
Feb
1.30
4.45
Fa nay
Goldfields—
MacLeod-Cocksnutt
Jan
74c
44%
—
1.02
•
Jan
I Feb
Macfie Red Lake
19% Jan
,
"
Players
Famous
95c
14c
59c
6 VaC
MacDonald Mines
Jan
——*
Falccmbridge Nickel
■
96c
Jan
10
96c
25
1
—
1.52
36
17 %
—1
_
*
Jan
Apr
29 %c Mar
5,800
,
London Hosiery Mills common—
Feb
1.52
—-1
Equitable Life Insur
Corp
5 Vic Mar
26c
35%
*
-•—
37c
1.10 Mar
——
Lunward
-—--25
Mines
8%c
34c
1.25
11,800
2,100
270
Class B
9%
—20
6%c
Loblaw Groceterias class A
7c
—
High
Low
1.16
37c
—1
Lingman Lake Gold Mines
—
Little Long Lac Gold Mines Ltd-
35c
1.12
Range Since January 1
High
—1
—
17c
1.59
Mines——
Gold
Lexindin Gold
Feb
Mar
33,250
,
Shares
1.14
.„1 .;
—
51c
w-
Gold
1.10
Ltd
Gold .Mines
43.950
7%c
<
Leitch
Jan
14
2.42
Mines
Eureka
32c 42'/a C
10c
Eddy Paper class A*.
Sol
24c
35c
Eeonomie Investment
El
2Cc
7%c
Mines-
Eastern Steel
Elder
75c
—
Oil
East Leduc Oil————East Malajrtic Mines
Eldona
12%
,
6c
Duvay Gold Mines———
East Crest
'
12%
68 %C
—••
for Week
Low
Par
High
10 % Mar
200
23c
d>
Co———.
Duqaesne Mining
High
Sale Price
STOCKS—
January 1
Low
41c
—.t.
Mines Ltd-*;
Gold
Dulama
Range Since
Shares
75c
Dominion Woollens 7—..
Range
of Prices
Last
for Week
Range
of Prices
Sales
Week's
Friday
Sales
Week's
Friday
Mar
'
Mar
3.75 Apr
5%e Mar.,,
Apr
127% 'Jah *
4.35 Peb
12c
Jan
COMMERCIAL' &? FINANCIAL CHKONICLE
THE
Number 4693
Volume 167
«
f''
'!;V'.',
:l"j
'"m:.(.'<
ik-\. <«, X
"-if '?■
CANADIAN
C
•:-■) A //.'."Hi «>>
:•'"■•«
LISTED
'>ijr
"
^k1"*
A,
l'«>4i.v
i
t
ji';<"
'
MARKETS
range for week ended april -23
Sales
;A Week's
Friday
Last
STOCKS—
"<
Sale Price
*
Sales w
y ,"
Shares
of Prices
Mines
10c
Scythes «te Co commoiu_r
39c
21%
21 %
Preferred
.
1.06
1.03
2.20
2.35
14
-15
14
(Quebec)
14%
7.50
_
7.50
8.00
'
'
Silanco Mining
Silknit Ltd preferred
Silverwood Dairies
Silverwood
Dairies
Western
pfd.
Mar
1.15
Jan
Vulcan
j
Wafker
-
8.50 Feb
Jan
38 Vic Mar
10,050
33
Apr
25c
v
70c
Mar
37
■
Jan
;
48c
Jan
11% Feb
99%" Apr
35 V
Apr-
99%
Preferred
99%
25%
26%
,
65
24
Mar;
27
20
22 %
1,025
18
Mar-,'.
22%
157
97%
97%
96
Mar
101%
fN)
Southern
32c
26 %
common.
Co
19%
26%
-
'
Mar
54c
8,000
26c
Mar
25
Mar~
v
10
•»
.
Springer
Sturgeon:. "J.ZC.
Stadacoma Mines
1.29
55c
(19441
Standard Chemical com—.
52c
90
7%
8%
Radio class-A
v
X
Feb
8
20°
;
y;y2»%-*J»ny'
:
"Apr" ■'"/y 33% Jan
Mar -X:' 36
Jan
(Geo)
Feb
28
:
97% Mar
''
,
6c
7c
•
24
__i
-
7c
,21%
21%
2.40
500 '
7c
2.52
—.
Combing
Knitting class A
6%
10c
Mar
Mar
8c
f
fi
2.90 Jan
r> 6%
Apr
6%
425
.....
Jan
"y Jan
24
u~2.48 Mar
Apr
•
Jan
98
Apr
21%"
100
•
lie
Jan
25% JaR
Mar
5c
4,082-
7
!
Feb
Mar ;
5c
111
•
96%-
12c
"20% Eeb
95 "Mar
3,790
25%
96%
Mar
7c
7,000
14,500
10c
9c
r
_
Gold
Jan
101% Jan
.
5c
Mines
Larder,
Wingaifc/'Gold
Winnipeg Electric common
Wool
25
.
22
com
Winchester
York
Jan
8% Jan
Jan
%
: Jan
Mar
.
Wrighif-Hargreaves
Apr
Feb
5%
Jan
5%
V-
;;y>9%c'jan
Feb
32
Winora
:
21
y
*
Jan
31
Preferred
Jan
7%
17% Mar
i '■ £ 4
Apr V
V 4% Apr
325
5
,
4%r J/?
Stanley Brock class B—_____
415
>5
Pi i '4
68c
97
Apr
10c
26%
'
;
Apr
4%
2,875
21
20%
Preferred
90
20
r
■
"
Apr
1.50 Jan
Mar
5% Mar
525
91
7%
Standard Paying com
1,266
7...,
6%
:<&# </< -f
42c
,
Jan
-
,19%
1.18 Mar
15,047
56c
7
90
Preferred
Standard
1.36 ' *
■W
Jan
39c
28 :
17% Mar
200
19%
Apr
*
6.50 Apr
;
IOV4
200
_
Wlltsey-Coghlan
Apr
35c
26%
'
-18%
;
.
21
Weston
■x
Slater. Co
80
,
Jan
24Mar
8,760
Class A
•
Sladen Malartic Mines.
.^v.1
«Preferred
'
Jan
34c
V.
54c
4.60
Preferred
22,1580
98
37 c
53c
Apr
:
Feb
80
25
27,072
(Hiram), (O & W)
Apr
22«
1,000
Cotton
Western Grocers common
-
.
'
Siscoe Gold
Feb;
y
Jan
v
1
::i:yFeb.;:
10,200
Jan
22%
Class B
Jan
7.20
9% Feb
1.68
Westeel Products
I
\
Jan'
12%
Apr
9%. Apr
26%
Simpson's Ltd class A_
2.35
5.15 Mar
25
Waterous Ltd common
:
99%
•
743
XX?
■0¥:.}
Jan
'■•'1%/ipr
9,128
"1,231
Waite Amulet
>
15c
'
.
Jan
195 Apr
-
,
Feb
10%
.
261
•
C
:
;
u'% 16
Mar
5% Mar
Wekusko Consol
7.20
241
25,600 !
fc
2,575
Oils
i4% Jan
Apr
1.15 Mar
7,500
r
■
-
13% Mar
28,058
Ventures-Ltd—
Jart'
High ; :
48% Jan;
,
275 '■
■
45%
Viceroy Manufacturing
<
3.15
1.43 Mar
'4
preferred
Upper Canada Mines—,—
■ ■
....
11% Mar
9%
•
Jan
yy20c 1 Feb
11
Apr
■
2,475
11
9%
47
.;
5
Wabasso
27cX20e
10%
/Jan
j
!
10
9%
;,22
?
•
lio
preferred
United Keno Hill
United Oils
United Steel
15% Jan >
*33
10%
Feb
B
11 % Mar :.
46c
28c
A_
B
Apr
Class
•;
clasis A
Fuel
1.950
? 33.
'3
class
:
14%
67 %c
.r
United
I
Jan
,
Feb
98c
3,100
47,960
■■
39c
J, 43c
Silver Miller Mines:
Jv* :i
10
125
1.10
2.22
Apr
'•.e--T4C". Mar
2,000
"
11
common
V T C.
Sigma Mines
10%
|
17c
v" 20% Feb
'. 44% Map.
X 475
*
15c.'
■
19%
14%
Breweries
Class
46
15c
15c
class A__
Sheep Creek Gold
Sherritt-Gordon Gold Mines
SiciCs
21%.
632
Low
High
V
Man
38c
-
15,200
45%
Shawkey Mines
ilea's Wpg Brewery
>14%
20
-
41c
LOW
9%c Mar
2,500
14%
39 Vic
Range Since January t
Range Since January 1
V
10c
14%
-14% "
Senator Rouyn Ltd_
Shawinigan Water & Power
for Week
Shares
Low -High
Sannorm
,
for Week
Range
/>,
Jan
Canadian Funds
Starratt
Steel
Olsen
Co
of
68c
70c
79%
154
79
81
443
8 Vic
10c
Preferred
.25
2,10
79
_»
Steeloy Mining
Steep Rock Iron
10c
II
2.01
110
110
1.30
1.26
1.35
Cons
Surf
10c
10c
.1
1.52
1.50
1.52
40c
Mines.
40c
40c
26
25
26
-1
Inlet
Sylvanite
Gold
Mines.
Andian
Apr
Asbestos
81
Apr
British
Mar-■
12c
Apw-
1.68 Mar
,
110
2.40
9c
.
Jan
River
Gold
Tamblyn Ltd common^.
Taylor (Pearson) preferred—.
Teck-Hughes Gold Mines..
Thompson-Lundmark Gold Mines.
Thurbois
./
9%
.10
7Vic
18%
18%
60c
65c
60
Canada
Jan
Jan
27%
Feb
«
Class. A
Toronto
Mortgage
i_50
___u
Towagmac Exploration
Traders
,
Dominion
&
.,
Mar
Apr
80c
10%
11
225
10 Va
Jan
104V4
1041/4
105
V..; 24
104%
Apr
'
9 Vic
500
6'
6
20
Dalhousie
9%
Union
Mining
Uni.ed Corp class
Class
9
9%
'.Jl6
1,220
8c
Gas
8c
11c
1,700
A
i Jan
12c
see
8c
.23
25
29
310
><
30
>
Feb
-
t
Apr
Mar,
4(4
Apr
39.
100
2.25
Apr
52 c
.45
Jan
Feb
2.25
Apr
14% Mar
I93s
Apr
60c
Jan
1.00
1,700
4,081
6,700
33 %c Mar
,
20(4
20%
25
18
Jan
20(4
23
23
25
21%
Jan
23
Apr
30
32
265
27
Feb
32
Jan
37
37
45
37
Apr
22%
22%
23%
Jan
32
common
__
22%
2.90
3.00
30% Feb.
:
2C A
65
3,35
Feb
,
Apr
4.10
Jan
20
Feb
34
Mar
46
Mar
2.90
13,625
60 V2
103
103
50
-100
-100
50
f
'
50
;
25
Minnesota & Ontario Paper-
Jan
31
58'A
60%
International Paper common.
..preferred
I,angJey's Ltd preierred
'•
Feb
29
29
•■/> 24
Jan
Southmount
4,200
30
25
45
6c
"6c
4.45
33,020
37c
38c
Invest-
.
Feb
25
6%c Jan
Mar
3c
,,
4.45
Feb
2.25
y
37c
30c
750
26c v Feb
6%c
2,500
32c
!
Apr
40c
v.
Jan
235
Apr
Apr
Apr
Apr
50
;
Feb
20
2,705
500
3.80
37c
Oreille
60%
103
97% Mar
25
■
4.20
Selections
Pend
395
...
South west
/Feb
19%
Petroleum
Temiskaming
Apr
30c
1
Apr
6%c
Mining.
6c
Jan
Jan
;
80
Mar
page 46.
H3I6S
x
/
; ■ ff
f#.',1
Jan
"
Mar
:■
I
•
12c
2.25
3
II,350
19%
50c
50c
Oil
Jan
10
Apr
16
v
1.75
18%
20%
.
Hayes Steel
Jan
7%
Mar
Feb
'
Mar
•
«3c•
; 7% Mar
19%
,
13%
19%
B
For footnotes
29
,
Oil
Foothills
108
V; 98
24% Jan
.
1.50
Apr
Mar
i 12% Jan
I,670
45
42%
45
2.00
19%
preferred
Dominion Bridge
11
V
18% Jan
Feb,
Mar
19% Mar
205.
4%'
Dishcr Steel
Jan
Oil
Union
3%
Jan
108
Mar
15%
10
60
"
2%,
.4%
Donnacona Paper
Apr
35c
23
80
„
150
,r
y
llv
6% Jan
3% Feb
,,
200
98
17%
1.75
"
deHavilland Aircraft
Mar
9% Mar
Apr
y 92
5,800
96%
22%
5
Jan
Jan
2,400
'414
22%
2
^—
12%
Mar
y.-y 30
44c.mi'.
Apr
Apr
4%
;
11
Paper
Dominion Glass
9
182
_1
Coast Copper
Consolidated
Jan
10
lie
92
41c
Western Lumber
12 Vic
30
Mar
98
*
Marconi
Apr
205
92
11c
44c
.
,
7%c
160
,17%
Canadian Westinghouse
:
,
Jan
20
Apr
11
..
:
::
75
so y
•: 1,.
:
11
Canadian
Feb
21c
18%
3,150
y,
Sugar-
Canadian Industries common
/:
3.50 Jan
9
.1
.
49c
58c
3,030
182
7
•
v
lOVi Mar
V:
11%
.100
Finance preferred
Transcontinental Resources
Twin City common
;
Apr
9
;
,//
9
common-
•
Apr
6c
20
:
Jan
2.70
11
Elevators
Iron Works
.9%
33c
20,500
•
•
8%C
.
Toronto
:
23% Mar
Apr
115
Canada Vinegars
1.99
7%c
Tombill Gold
Toronto
.
115
6%c
i
.
4,600
35c
6 Vic
Mines.
Gold
r
9,990
35c
2.70
35c
;
Tlp Top Tailors
Toburn
9%
2.74
2.70
..1
280
28
Feb
—100
i
Jan
Jan
61c
Apr
Jan
72
...4%
Preferred
2.05
1.47 Mar
40c
100
.
25
2,542
178
Co common
Canadian
Taku
525
115
v
100
19c
Mar
26
99%
7
,
Corp
Columbia Pulp & Paper cora__*
Brown
Jan
26
in
y
10
I 26
National
Preferred
Jan
114
Apr.
;
1.00 Mar.
1,000
4,025
-
Apr
Mar,"
5c
?
'
.100
Trusts
Sullivan
79c
79%
Feb
72
.
3,800
10c
'
Sterling
Mar
67
<
7,650
t
:: 20
-50o
Mines.
60c
11,500
2.00
common-
:*
3,600
78%
Gold-
Canada
in the different countries of the world.
We
(In thousands of
Increase
FOREIGN
EXCHANGE
RATES
CERTIFIED
FEDERAL
BY
16,
RESERVE
TO APRIL 22,
1948
BANK
1948,
TO
TREASURY
INCLUSIVE
TARIFF
UNDER
y^X/;
ACT
X—
OF
1930
Noon
t
Country
,
and
Monetary
y
Unit
/
Argentina,
certificates —-X
1947
.
notes
April 16
April 17
yy$
April 19
1297733*
3.212296
:'
Closed
3.212296
.022796
.054406
1.000000
.054406
1.000000
1.000000
.022790
1.000000
,
Notes
Free
.902421
.911033
.
.570100°
.
.570100*
•
Czechoslovakia, koruna
.020060
.020060
.020060
.208604
.208604
.208604
.208604
4.C31562
4.031562
M
-J
1
4.031640
Closed
F.
.020060
4.031640
England, pound sterling.
-
Due
.570100°
:
Free—
.
.208604
guilder.
.'Newfoundland,
11
premises
••f '
32,737
.004671°
.004671*
.004671°;
.004671*
.003278°
.003278°
.003280°
.003280°
Federal
.301691
.301691
.301691
.301691
+
601
3,400
+
+>
105,34?
.205753
.205753
.205753
.205753
.377633
.377633
.377633
.377633
.377633
U.
'
'
'
acct.
,
1.000000
: "
;
.908750
.910625
3.225166
3.225166
.231595
.201595
.201585:
availability ite.ms—*
liab.yincl. accrued dtvs.
1.000000
.900000
.902916
3.225166
3.225166
lorw^y, krone.
.201595
.201595
Portugal, escudo
.039896
.039940 ":
.039940
.039946
.039915,'
.091324
.091324
.091324
.091324
,091324
.278264
.278264
.278264
,278264
.278264
.233628
.233628
.233628
.233628
+
19,033,467
-227,457
45.258,392 '
.+1,717,49
448,136
y +•;,mbb
-116,683
2,535,698
16,736
402,680
-
i>.'+;:
836
.233628
few Zealand, pound-,
Sweden, krona
Switzerland, franc
Union of South
Africa, pound.
4.007500
Closed
4.007500
r
.
,'4.007500
4.007500
I
Capital paid in(Section 7) ___w—:
(Section 13b)
:
•.
Other capital accounts
—
.658300°
.658300*
.658300*
Total liabilities & cap. accts.
.561800°
.561800*
1561800*
note
.658300*
,561800°
.561800°
6,77]
.
iff
x/y 8»3
-"'v
K-
3_,542
79,629
:V
".
"\+
Y-X X
V-
—399,017 '
46.011,715
•
•
'
+1,858,7$
7
of
gold certificate re- to deposit and F. R.
liabilities combined—'
■
51.3%
respondents
Commitments
o,2
11
_
■i
-
+
'
Contingent
liability on ; bills
purchased for foreign cor¬
,
X 121
27,543
serves,
.658300*
4-l,808,73|l
,
448,189
Surplus
4.007500
+
197,962
Surplus
Ratio
Noncontrolled—
liabilities
Total
Capital Accounts^—
Uruguay, peso—
11 controlled
1,025,58b
26,007
.912500
3.225106
Other
+
i ,' +;: 601,314
y'/X: 136,28£
*..8,399 - ; X
26,89)
—
488,687
—
'
+ 105,956
422.475
deposits
-X 358,370
57,704
—
—205,031
16,845,323
1,282,982
Deferred
1.000000
t
/
.
acct.
Other/_
dollar-
Free.
;; ,•
Treasurer—gen.
(B.
23,666,491
notes——
bank—reserve
Foreign
..
+ 1.858,771
—399.017
46,011,715
:
Member
.301691
.205753
1.000000
523,62t
3.
'
,
Reserve
Deposits:
/
1.000000
10,448
+;
y
—206,659
y
147,935
assets
Total
Official,
1-434,72J
—1,339,18}
;
6,777
+
2,869,538
Other assets
Total
.004671°
jfjletheriandsv
;■
4.031562
.003278°
,
—1,411,022
+ 1,582,0011
+ 5,170,265
95
110.883
banks—
____
.
peso
3 '
y
—6,775,96i
-185,041
1
..
3,348
Si
—199,064
20,632,073
banks—:—
other
Liabilities—
llidia {Hritish), rupee
ififexlcb,
foreign
notes of
20,394,299
:
securities-
,V-
88,586
.
j official-.
i
and
'
Bank
France/franc—
j
Govt, securities-
loans
from
R.
*,
—
X
92,193
+
1,893
—206,800
88,100
4:.y 7.250
1,933,800
5,923,655
Uncollected items
.020060
Denmark, krone,
.
v
2,509,141
48,798
+
12,130
+
4,254,693
.—y_-—,
_
Total
.915000
.913125
.570100*
.905390
.570100*
1.000000
+
+
8,282,151
-
'Bonds
.054406
'
17,331
—
+
4,384
—X——X-,
-
Total U, S.
Colombia, peso
'
89,853
—
166
securities:
Govt,
S.
—
233,390
advances-
Certificates
Canada dollar
Official
166
—
325,756
,
—
and
Industrial loans
U.
.3212296
.022795
.054406
.054406
cash
Bills
3.212296
.022790
,022798
Brazil, cruzeiro
r
633,528
21,892,698
gold ctf. reserves-
Discounts
.251247°
.251247°
.
Other
t
.297733°
.297733*
.251247*
3,212290
X'-
,y:;X » X
.237733°;
.251247°
Belgian, franc,
:
)
2,598,993
f
R.
F.
—
Total
April 22
April 21
April 20
y'X t
x
.251247°
Australia, pound
for
$
21,259,170
.
.2977733°
Free,
fund
Redemption
Buying Rate for Cable Transfers In New York
Value in United States Money
t
peso—
> Official
>
/>" ■-
»v
April 23i
.
$
yX'-Xx-y
Assets—
JL
;
,,
(4-) or
1948
1948
—'y',
Gold
*
•
j-
(X) since
April 14,
April 21,
.
APRIL
f
^
■'!».
dollars)
decrease
.
\\
;
,
i.n.
{
%
3,517
69
to.,make indus¬
trial loans'*
"lyyisft
:
1
■;r'yy:y/:".;>';:y:-;yyyyxyx
r
COMMERCIAL & FINANCIAL, CHRONICLE
THE
46
Monday, Aprilr 26, 1848.^1
OV£R-THE COUNT€R SECURITIES
'
QuaUtimw for FHAay, ApHi 28
•
•:if
inies
Far:
Mutual Funds-
teem Holding
XW-Moughtoa Fond Inc.
Xxe-Heughton Fund B
5%
Beneficial Corp—-——1
,
'4'A
ftfefr Holdings Got**.
*1
Bbnd Xftv Tr of America——*
Men Fund
3.55
l0«
Fund Inc
17.83
26.13
14.36
15.69
* n1
iioiui iimjMVmmr
14.55
9.37
10.13
Bond series——-— . ——
Low Priced Bond Series
6.72
7.29
5.88
43.92
5.31
$%* July 1,
Aviation shares.
"
6.13
1
15.01
8.29
10.55
10.54
7.71
General bond shares———•
: 8.55
Industrial Machinery shares—
7.79
institutional bond shares—
;: ;
9.64
Investing
Low
6.71
7.52
8.70
5.20
5.65
SteM Bhares
5.24
Tebacco shares...
.Utility shares....
3.96
4.31
4.92
5.35
:
1.25%
10.99
12.04
Industry-
12.87
5.69
4.54
Investors.
4.90
1.68
'. 1.73
22.80
Howe nan Fund In
thcome Foundation Fund.
'
Incorporated
-
24.65
8.44
v
n
Ibifltutlonal Securities Ltd—
Aviation Group shares.
Bank Group shares
—
j>m«urance Group shares——
Slock and Bond Group shares
Investment CO of America..—10
9.58
10.50
10.01
95C
1.05
13.95
15.29
27.02
7.07
14.53
7.58
equipment-
ft
& Trading
Petroleum
,
(income
#-4 < appreciation
M|
Series
Stock Fund— 1
Fund
Diversified
Series
1948
0.96%
'?
'A
40 (4
Omaranty
Lawyers Trust-.
34
;
•36
,
■
Efings
■
42 Va
Morgan (J P) ft CO laa—___!0o
..■•
24%
•National Jity
55
New
78
Public Nat'l
17Va :i
Bterlihg
37'/a
Title
Mahhfactutots Ttast
2.79
Bid
.20
*
14%
•
35'/a
100 1,265
1
10
13 V*
»
.5
Prior
preferred
Convertible
preferred-
Merch
39
Bonds—
14%
46
48
•
26%
28%
6%
Casualty
AiriSterdam
25%
43%6 %
33
L
10
29
Louisiana
Ohio
44%
13%
14%
PoW
States
Mt
41%
5
95
96Va
Va;
2.50
River
23 %
_5
Norttieastern
Northern
25
50Va
Pacific
Fire.
y4
Pacific
6Vb
12.50
;
Indemnity Co.
Tel
Providence-Washington
20
,..10
Fd of Baa Fran—10
Reinsurance Corp
<
102
48%
83
Okla
& Tel
3V8s. _1978
101%
102 Va
Pennsylvania
.1978
101
101 Va
3 VaS— -1978
102
&
—
4%
.10
31%
2
ft Lisht 3V4S-^ 11977
Philadelphia El Pow 27/as_. .1978
Edison 3%^-i^i -1978
3.70%
-
Pet
103
';
•
99
-t
100%
3.50%
3s—
4%%
Par
Bid
Ask
-1
1%
101
101%
"
-
95
---190
.
r
:
971;
103.%
102 V*
00
37
'
'
•96 Va."1 -W/i,
.50.----bd'
jg
pfd
1
"79
100
82. V
Texas
4%_ pld—100
100%
.*
12Va
13% '
96Va
98
Co
Gas
Transmsn
Corp "A"
Disinfecting
■■
-
--•
»:•
9X5^.-^1
Transmission---*
Tucker
IV2
CQv—
IOO
preferred——
Eastern
101%;
4%.
1;
;
4%
76%
.27%
•
-
23%
10
48%
10
25%
10 '* 44%
Power
109
100
100
pfd___———106
Corp
Carbon
Tennessee
103%
Penn
102 Va
Speer
100 V4
American Cladmetals.
5%
73%
103 7
99 V4
102 Va
Stocks-—
10 •"•■
107%-
pfd--_100
preferred
_1978
28%
12%
;
91
100
Public Service (Indiana)—
100
100 Va
.1978
West
5 '
.10
86
;
9%'
i 101%;
.1977
33%
47/#
.
89
Electric—
4%%
Difegd'Oas & El 3s_.
San
86
26%
83
preferred—
Milk
Toledo Edison Co 2%a—
51%
.10
(N Y).
Republic (Texas).
Revere (Paul) Fire.
Gas ft Elee-^-
preferred-.
Gas & "El 5%%
Lt
100 Va
SoLvay^Amer
-8
—
England
4 Va%
98
100 Va
Potomac
.10
Ask
104
:
102
-1977
3s
Power
Pacific Pwr
7%
78
.10
Bid
"
Pitney Bowes 4 % %
——-10
of Md—
of Fhlla-
565
103
—
Ind'polis Pow & Lt 5% pfd^,100
pfd_100
Monongahela Pow 4.80% pfd IOC
3 %s. -1978
Ohio Pttblic Service
25
.
preferred
Kentucky Utilities 4%%
New
27%
10
Fire.
Preferred Accident.
■t»———
!«^epeait
10%
-
Electric Power—
Harbor Plywood
102 Va
Kentucky Ctilities 3s
35
27
Casualty.
104%"
Georgia Power & Lt 3%s- .1977
Iowa PbWer & Light 3s— -1978
46%
2
Phoenix
AMn
-0%
535
Pat;;
■
.97 Va
Delaware POW & Lt 3vis- _1977
Firestone Tire ft Rub 2%8_ .1972
27%
_lo
Brunswick.
North
Gtoup.
-
91'
40%
73va r ;761/2
12
.100
100
Birmingham Elec $4.20 pfd_100
Florida Pow & Lt 4%% pfd-100
•
Reinsurance—
41
"
28%
(Detroit)—10
National Union Fire
29
"
•:
36 V+
..Os V
ft Trust
Trust-
105
96 Va
7Vb
22%
.
Stocks—
4Va%
100 Va
100%'
.1967
Cudahy Packing 2%s
26 V*
4
National Liberty-.——
New Hampshire
10
States
t
.
68
TrneL-17% :
NrattftHal-
Guarantee
Appalachian
97 It-,
'*■, 96
Columbia Gas & Elec 3V4S- -1973
21%
Ask
Bid
Par
v
Arkansas PoW ft Lt 2%s_ .1977
5
New York Fire——w
——10
'
ft
39
Security Issues
28%
2%
Inc——
25
Bank
- -»• 50%
;227'V
48%
221
,
103
5
—
Mfrs Fire N Y
&
26»/a
5
Massachusetts Bonding
Merchant Fire Assur
New
Casualty
i
Bank^-fc«!K_t,12Vs
York Trust
United
1,325
Recent
Ask
35 Va
18 Vfc
16%
1,530
Va"*'; 49'/a
46
>; 42%
3.45
Jersey Insurance of N Y
York— ————.—10
General Life—
10
—25
23%
10
A
_100 1,480 -
;
f?
74
Fiduciary Trust
First National Bank
.
Ti"."
281
—10 '>'''15s/e
County -Trusts-.
40 Vt
lo
160
V:'
:'272'"f-;
40%
53
55
"
190 i-
.100
Irving Trust.
15
Ask
*
145
.100
Trust-
Chase National Bank.
v
i
Biff
.100
Trust.
NationaL
Grace
lV2">:n
Brooklyn •Trust--^iL.>t£^^^10e '«107 ::
'
CentralB?*tibVerBailk:«TkUst29
90-' I S3
50
Federation Bank ft Trust—-10
48
■
.H
Pat
Fulton
25%
340
38 %
Empire Trust
10
fihiDDer
32r
-
-
1—10
—
Corn Exchange-Bank ft Trust-20
—25
*f*myya*
0.96%
0.96%
1948
Ask
.....
f
-' 24 <-B'
2.75
—lo
lp
25
I©
1.
CityiBanks & Tnisi Oos.
7.65
99
BMtlmore American.
ft
15,
2.42
.10
New
am
July
1
Shares—
National Fire
.
0.95%
6.62
Par
National
Borton
bl.00
Twiti co^
Continehfcahfiank & Tr«sV_
Insur Co of North America.
American Re-Insurance —10
ttinkert
1948
June
July
-
Companies
American Reserve
mi aam km 9
9.90
18.65
Home
afrfrlfWnMlf
0.96%'
Bankers Trust
16.91
43'/a
—
1948
Bankr of
V 21.96
9.71
80 Mi
«-!■>..
8.
•
Maryland Casualty common
■
.
15.73
10
—
July
1
Amer Trust
Series 1956__
t.-umi
0.95% V
June
§
"
ShSrci—
Series 1955
American Btorety
bl.00
-•"
North
Aiharieia of Newark-—
1948—
Par;.:;.' Bid
17.09
—_£.80
6.03
American Alliance
10
American Automobile —_——4
American Casualty———8
American Btnlitable—
-8
American Fidelity & Casualty_8
9.96%
1948
0.95%
Bant bf mn MimhaltMK-Cd-^lO
8.48
1
E
5.32
.
1948
24.
0.94%
; 19.54
l
Trustee
13.76
mi.
17,
0.92%
bl.00
Chemical Bank & TfUetii.L-i._10
5.50
—
0.96%
b0.99
:
90c
1
Corp
Inc
Independence Trust Shares
■
1948
b0.99
Commercial National Bank,.ft'"!""' <'
4.87
—
Ask
10,
June
;
Unit Type Trust*-.
12.61
Life-.————
:
20.08
Preferred
_1
Aetna
Bills
Ask
■;v
b0.98
New York
6.29
Stks)_l
Agricultural
:
7.76
15.89
Aefra Insurance
>r
51.00
17.87
28.75
Casual A Surety
48.00
B.
Bid
Aetna
bl.50
9- ,1.-48
•
81C
Series^C.
18.54
Insurance
1.50%
7.13
6.51
73c
Union Common Stock Fund B_1
14.56
—
hi .65
12.08
11.16
81c
26.35
com
•bl.65
3-49
21.44
'(LOW Priced com 8tk)__l
terbocker Fund
1-48
'VI-
49.84'
18.55
23.61
12-
1-48
3.44
10.28
21.64
1-48
4-
$8.26
26.28
Union Bond Fund series A~-
Stocks)..l
com
>'
3.13
Trusteed Industry Shares—25c
Wellington Fund
Edl
12-
May 27,
June 3,
16.37
15.22
-1
Investors-toe
Standard Utilities.
State Street Investment Corp.*
Whitehall
9.42
3-
1.55%
Bid
25
Putnam (Geo) Fund—
—....1
Republic Invest Fund—————1
RUssell Berg Fund Ino——1
Scudder, Stevens & Clark
Fund Inc
Selected Amer Shares-
26.30
16.99
1.55%;.
1.30%
1.35%
29, 1948
May 6, 1948
May 13, 1948-iMay 20, 1948
10.55
28.79
*
1.25%
bl.45r
April
9.30
9.63
24.10
'■? 17.00
bl.40
2-48
United Slates Treasury
8.31
>
8.49
27.52
'»■
1-48
8-
tt
Tobacco
Wall Street Investing
• ■
6-
; 1.45% '
1.50% 1
6.68
6.10
Bds)—I
B*3 (Low Priced -Bonds.*—I
Bm (Bpecuiative Bends)——1
K-l tmcome pfd Stocks)—I
K-2 (Appreciation pfd Stks)-1
B-l (Quality common stks)_l
(Medium Grade
B-l
1.40%
bl.60
6.40
5.84
Utility.
Bonds)—I
(Investment
B-l
bl.oo
1-48
19.24
Union
Keystone Custodian Funds—
1-48
11-
12.90
Steel
7.75
14.22
10-
2-48
•i I
11.77
Railroad
29.36
Investment Trust of Boston—
ThVectcrs Management Fund—.1
2-48
10.03
stock.
17.56
Public
Ask
12-
10.84
9.15
Biff
Due
Dated
r
1.35%
1.55%
12.61
9.89
Rate
1.15%
10.97
11.51
Ask
bl.30
bl.35 & 1.20%
;7-
'10--1^47v
1-47-
/'•
1-48
''V11-: 1-48
82c
74C
.0277
.0315
100.0130
9.25
prefeired stock——
Sovereign
;
100.0109
—
14.10
equipment-
5.00
Railroad stock shares.
1.20%
Railroad
■
1949
1949—.
1-48
9-2-47
1.15%
1.15%
12.21
Pacific Coast Invest Fund
2.78
4.60
U.36
Oils
9.43
2.55
11.99
10.71
11.14
Metals
6.17
1,
1,
6-
1-47
8-
Bid
Due
Dated
Rate
1.15#
10.94
Merchandising
:
8.16
Railroad Bond Shares..
-Bfl Equipment shite s—
;
9.93
Insurance
8.66
7.28
5.68
shares-.
Mining shares.
Petroleum shares—.—
'
9.06
Machinery
8.45
10.12
"
7.99';
—a
Price sharwii»—r,«in mm»■
——-*
Merchandise
,
10.40
Diversified
8.36
7.88
Mar,
Apr.
8.92
9.49
Electrical
5.72
5.27
shares-
Administered
Fully
.
7.18
8.14
Diversified
11.42
-
Food shares———j—*
.
-
11.56
6.55
Corporate bond seriesDiversified Investment Fund-
7.13
tl'/es
IIVbS
'
.0071
.0072
<
——
Bank stock.
,8.99
6.57
,0167
99.9980
16.10
Aviation
6.65
Building shares.
Chemical shares
Electrical Equipment——
1948 Series G—
4.15
England Fund
Agriculture
6.78
•
4.36
Automobile
8.02
6.25
,0072'■'H
7.07
3.80
Chemical
7.39
Automobile-shares.
Ask
99.9961
lis Oct. 1, 1948 Serfs J——
99.9802
.9932
Us Oct 1, 1948 Series K.
99.9606 -.9936
tl%s Jan. 1, 1949
—:
1O0.O142 .-.0279
XlVoS Feb. 1, 1949-..
—
100.0168
.0321
'
,
*
-•
■'>. Bid
t%& July 1, 1948 Series H-ll
6.10
Building supply-
Agricultural shares
.
3.76
3.99
New York Stocks Inc—
Group Securities-
Bid
Indebtedness— '
Of
Ask
f%s June 1, 1948—
—— 100.0067
t%S July 1, 1948 Series F—
99.9979
Stock Series.
New
5.69
Certificates
7.92
6.47
Series.
Stock
Industrial
:
'
5.15
Low Priced Com
47.123
.0272
5.58
Stock Series
6.75
•
ri%% 100.0135
■'
fndebtedtaeim—
Gtmttvxv** vt
*
.9930
3.44
;;
Maturity—
-.1876
99.9800
t-lA
4.71
v
Series
Selected Group Series.
6.06
■'
;'—!%%• 100.1761
1948^-i
15,
1, 1949.
tJan. 1, 1949.
tOet.
7.25
SWMS—
Stock
Preferred
Income
Price
Ask
Bid
7.34
6.67
n.
National Investors Corp
National Security Series-
15.72
14.34
,;
'■
Dollar
13.55
33
5.45
Fund——*-.8
Fundamental Investors Inc—wl
Fundamental Trust shares A—2
General Capital Corp
*
General Investors Trust
1
First Mutual Trust
jfj. *-•
Int. Rate
.1
1
Shares
Balanced
16.83
31
10
Corp
First Boston
.
t
Securities-
Nation-wide
2.13
-4}
mvt
•120-.;
V.
12.91
26.51
1.94
A"
100
28.25
11.94
26.03
15.74
Canal 3s.
Panama
'6:24
•-
24.52
.aL-u--"
Issue$
fH.
7.52
.jwi'fa. ni.
Speculative Series
24.35
Other
5.37
Mutual Invest Fund Hto—...10
1
17.98
19.71
'Ltd—-**-1
3.70
4.95
Gtot*f¥? Shares Trust—<*-•
29.40
31.61
CfaeMtcai Funfl
•—
-A
13.89
15.03
Christiana Securities com—100 2,890 • 2,990
preferred
100 140
145
OfcihtiiOnwealth invest
1
5.85
6.36
Delaware Fund
—1 ; 15.27
16.51
Dividend Shares
«25o
1.46
1.60
Apr, vl6; 1949---.
Ask
6^29-^190.1
/
4.92
Mass Investors 2d Fund——I
CnuSiti Inv Fund
1 %S
"Bid
1946—
1949
4.78
V
4.87
-Me
1
Common
;
BUHdck Fund Ltd
15,
4.37
4.46
'
Sept.
l'%s Jan. 20,
-
4.64
4.34
.
.
l%s
-
4:85
3.96
Mass Investors Trust—
Baton A Howard—
7,
IBilftiiccd
*.
:/ Slock Fund-——.——1
: Fidelity Fund Ihc———
Financial industrial Fund Inc le
"
4.21
Manhattan Bond FUnd Iao—
8.78
lii
shares
Steel
Federal Home Loan Banks—
;
100
97.8 .1*; 97.20
98.8 r 98.20
100,8 -100.20
-
-
4.87
4.40
,
•
-
3,02
4.42
Non-Ferroua
Paper" shares——.--nim.
'£; Petroleum shares ^,
21.12
ft«-,r-—
Green
99.86
4.09
f
3.89
'
Furnishings
Metals
Home
1050-1948———
1952-1950_-_—1953-1951—t—3--1955-1953——-L
1,
1,
•!%» Jan. 1,
2%« Feb; M
1 %S May
4.09
3.71
'
Equipment
shares
Electrical Equipment ShamGeneral
Industries shares—
"(•'
47.70
Ask
Bid
99.22
Federal Land Bank Bonds-*1%S Oct.
Business
r
100.29
46.75
Drug
-Wbmtet series X.
Figares after decimal point represent one oir more 32nds ef a point
Ask
V
98.28
shares
Automobile
.
*
Assotiftted standard oilstoeks
Bid
•
*
10
Fund
Loomls Sayles Second Fund
Managed Funds—
Loomis Sayles Mutual
g**ta*utlcal Securities
ttZUMted Fund tr»c_
,
West
$5
13
C5mmom_-50c
96
preferred
^
^
-
14
m
'
of Newaiki.,.^!-,,,,,... .—8
<
<
St Paul Fire & Marine
lltoinsuranceCorp___ZlO
"
Mertoe-
10
Seaboard
Surety——
New Havbfl——
Springfield Fire & Marine
Security
Standard
Fire
com
Accident———.
Travelers
—
5
U S Fidelity &
565
Guaranty Co—2
52
A
4
10
2.50
50
change,
dividend.
53
Guarantee--—
...1
2
v
71
34
a'Cdd lot sale (not included in year's range).
included 4ft year's
580
50
Westchester Fire.
..
46%
41%
100
0 S Fire
0
33ES
39%
15
15
n
10
51
35%
:
...
h Admitted to
e
Ex-interest.
(trading N. Y. Curb.
(Un) Unlisted
Ex-stcck. dividend.
;■■■£
range),
issue,
w
dividend.- f
dDfefferfgdrSeTiv-efy sales fipot
k Admitted to listing""bii N. Y. Stock EXr
:
w
i When
issued,
x
Ex-dividfhd.
i
:
JThese,bonds are subject to all Federal laxec.
v' •;"v-.
tlx-stqek
ly Ex-ri^tts.
tCash sales; (not included In yeaf'8 f ahge).
d When delivered,
_•
*No.par value..-tin default.
bEig yieldJirice.
I Flat price,
'•'*"•
•' ■■■*'
fEx-Hquidating;
=,
-
•
,ry:y
Volume
167
COMMERCIAL A (FINANCIAL CHRONICLE
THE
Number 4693
•
iMifiiteg
Week Ended April 17
1948
THE COURSE OF BANK CLEARINGS
increase compared with
an
year
a
ago.
inary total stands at $14,712,334,153 against $12,030,709,733 for the same week in
At this center there is a
1947.
gain for the week ended Friday of 21.6%.
Our
~
Philadelphia...,..—
Reading—
Wilkes-Barre
.
;
—
York
———
miiisai
v;
+ 26.4
+17.4
790,270
637,583
+ 29.6
882,000,000
+
6.9
2,929,91©
+
7.2
5,038,553
+ 20.6
+
2.1
+ 37.6
1,887,215
."v 2,075,102
7,120,021
12,534,526
+ 20.7
5,705,795
—35.9
5,670,635
v
6.7
922,895,413
+
6,234,696
167,287.988
321,777,107
-
681,000,000,
1,753,238
T,870,053';; ;+•';■•■
-
1,780,330
5,044,523
3,777,500
757,223,528 1
+ 17.0
27,596,200
4,228,530
984,896,593
A
'
1,343,571
969,647.,
1,608.632
+
3,324,001
2,573,931
4,134,990
540,609
2,089,193
732,000,000
2,282,803
8,030,938
Total (11 cities)
' ''v
760.931
893,094
8,603,948
New Jersey—Trenton—
parative summary for the week follows:
$
1,068.582
3,145,101
4,075,045
943,000,000
3,140,583
6,074,119
2.627,341
5,690.423
Delaware—Wilmington.
com¬
:■ +
'—12.2
1,447.705
.
1,128,807
1,254,907
"
Scranton—
Our prelim¬
'! • 1948
«r
,.
1,270,480
J
Lancaster——.—^
which it is possible to obtain weekly clear¬
or
Dec. *
District—Philadelphia—
Chester—.—
i
ings will be 22.3% above those of the corresponding week last year.
Reserve
Bethlehem
indicate that for the week ended Saturday, April 24, clearings
for all cities of the United States from
Federal
Pennsylva nia—Altoona
Preliminary figures compiled by us, based upon telegraphic'advices from the ehief
cities of the country,
•'' i Inc.
$
Third
clearings this week will show
Bank
1947
I
;
703,400,376
Clearings—Returns by Telegraph
1948
Week Ended April 24
i
1947
Fourth Federal Reserve District—Cleveland-
%
r
$7,381,223,850
New York*.
v.
$6,070,284,547
+ 21.6
600,959,917-
508,465,009
+18.2
+ 4543
-
Chicago.:.—,
Ohio—Canton
969,000,000
666,000,000
Boston-
473,928,467
434,075,502
Kansas City:
290,820,154
245,652,826
St. Louis.—.
280,100,000
244,600,000
+14.5
San Francisco.
353,324,000
309,495,000
+14.2
Pittsburgh..
306,817,211
215,934,767
329.920,527
226,699,662
218,047,485
156,706,237
+ 39.1
...
Cleveland.
;
,,
Baltimore—
Ten
•
$11,204,141,611
cities, five days——
:/.
Other cities, five days-——
Ttiitai all cities, five days.*.^.;
All
Columbus.—^
+ 18.2
Cities,
day.^——
one
2,715,976,400
$9,077,913,550
.1
.
Fifth
890,087,728
statement^ however, which
—11.0
v-we1f-itiblig.i'loH.the
April 17.
barings' for
;
+22.3
Sixth
;
of
3,028,821
+
5.0
213.035,431
210,656,471
+
1.1
82,667,162
69;372,058
+19.2
62,829.684
44,639,214
350,901,800
300,168,909
437,717,489
16,391,447
+ 15.8
12,535,439
14,168,863
67,330.362
+ 14.2
47,929,371
+
2.8
209,100,000
41,491,454
165,400,000
3,906,258
+
6.9
3,870,472
2,716,869
+ 20.8
2,707,421
63,812,119
61,728,517
4,174,373
3,826,853
,91,519,233]
■
SUMMARY OF BANK
.V 1948 -.V; 'i/U:
,
Seventh
Federal
1st
315,959
263,818
6.4
93,484,373
84,113,581
654,203,139
.1
Federal
626,365,969 ' +
4.4
521,755,982
445,287,612
Reserve
T 2d
12
York
New
3d PhUadelpbia—,
4th
5th
i
i'.
Cleveland
; 6th
7th
+
+
6,617,558
5,246,858
+ 26.1
48,285,000
5,142,440
+13.2
+ 25,5
4,037,903
12,508,263
54,370,662
3,424.600
64,129,111
3,689,717
29,277,712
13,528,172
1,247,883
787,125,368
^-w__
i984,896,-593 jK 922,895,413
+
10
Atlanta—
850,454,907
801,661.864
+
: 437,717,489
422,573,010
+
Louis
4
—
757,223,528
3.6
"
! 654,203,139
626,365,969
+
"703,400,376
4.4
:
.
504,238,249
:
378,082,026
-
+
:
446,398.235
647,219,453
2,372,473
15,572,735
9,553,493
719,630
"
7,534,801
622,674
511*197,150
3,287,895
\+
7,9
1,022,725,127
Springfield—
931,143,965
+
9.8
725,805,618
252,900.000
+ 12.0
226,300,000
204,300,000
113,221,203
+
9.1
88,449,981
90,678,825
60,463,590
...
+ 18.8
571,851,796
1,902,567
7,045,437
3,161,150
8.4
+
,
+ 17.2
+ 15.0
+ 17.7
1,802,371
6,475,283
2,485,280
2,130,922
2,158,022
n
: ■
644,041,761
283,200,000
...
+
123,546,838
'
95,451,004
2,040,407
78,573,437
1,703,595
+ 21.5
63,124,395
19.8
1,156,776
; 1,252,666
504,238,249
446,398,235
+13.0
379,031,152
346,695,087
Tennessee—Memphis
Illinois—Quincy
+
445,287,612
725,805,618
.
■j
Eighth Federal Reserve District—St. Lonls—
Kentucky—Louisville...
300,168,909
-
521,755,982
13.0
36,169,712
3,581,091
20,297,515
3,548,425
3,171,417
II,232,931
—
Missouri—St. Louis——
662,146,521
,
350,901,800
■.
9.8
+
931,143,965
1,022,725,127
"
9,284,090
41,724,369
7.7
+
426,843,808
6.1 i
" '
10,583,745
+ 17.9
+ 18.4
—
Total (17 cities)
5,687,507,244
6.7*
—17 VM.
Chicago-
8th St.
6
—
458,918,295
6,785,168,397
5.7
+ 20.3
I
+ 17.9
Peoria——
•>
3,133,608
30,355,000
4,702,535
5,251,919
Chicago..
1945
3,396,691
II,424,037
1,050,578
726,283,952
2,705,206
9,765,270
4,460,340
City.'—...I;..—_._j£
Illinois—Bloomington—
+
+
24,838.570
Des Moines.—
"
6,135,868
8.608.628
3,976,522
4.210.629
32,549,000
15,044,244
Terre Haute—
Iowa-+Cedar Rapids
670,568
844,121
15.8
—31.6
54,672,000
6,452,575
:
Wisconsin—Milwaukee.—!
Sioux
+ 12.6
I,135,559
9.876.129
7,338,606
I,278,304
11,440.080
5,017,711
$
:++■: +
%
6.0
8,999,021,997
7,398,500,065
"
-7
Richmond
Dec. %
:+552,788,543 ?
586,182,073
302,829
District—Chicago—
Indianapolis
South Bend_
..
$
-
,+■+;
Distriets
Reserve
Boston..-13 «itle§«
5,134,550
+ 56.5
+
Lansing—__
CLEARINGS
1947
+ 56.8
6,409,584
Indiana—Fort Wayne———_
14.4%.
1940
1,725,519
68,544.461
82,456,492
5,544,336
116,179,541
Grand Rapids
;
13.8%i in the Dallas
Inc. or
6.7
—
10,050,862
473,979
Total (10 cities)
Decatur
5
3.5
+
123,656,591
Rockford
-
"
237,000,000.
Michigan—Ann Arbor—
gain
a
In the following we iumlsh a summary by Federal-Reserve Districts;
J- r;- - r
3.6
+
2,406,869
18,075.938
—X'-
85,405,954
v'
Week Ended April 17 ;
422,573,010
'
86,766,413
156,928,670
the cities
group
District
2.2
73,872,804
243,600,000
;_2_—;
Mississippi—Vicksburg..——.
9.8%, the St. Louis Reserve District by 13.0% and the Minneapolis Reserve District
by 17.8%. Jn the Kansas City Reserve District the increase is
+17.8
—
,
1,460,743
8,067,000
District—Atlanta—
v.
Louisiana—New Orleans——
trict^ of 4.4%. The Chicago Reserve;District has managed to enlarge its totals by
Francisco Reserve
3,187,717
—_
Federal Reserve
YM
2,028,547
10,313,000
110,424,456
2,654,728
162,651,385
3,080.103
84,240,612
gain of 9.5%, the
a
if'ty
>,
2,778,063
Mobile———
In the Cleveland Reserve District the totals record
and in the San
3.3
87,165,785
;
District 27.2%
2,688,565 <
11,287,000
125,540,005
+
13,292,000
Macon
6.1%, in the Richmond Reserve District of 3.6% and in the Atlanta Reserve Dis¬
Reserve
662,146,521
'
thatch the "NewYork District (including ,this city) the totals show an
District of 6.7%.
647,219,453
Augusta..—i._—
improvement of 5.7%, in the Boston Reserve District of 6.0% and in the Philadelphia
;' Reserve
6.1
Florida—Jacksonville, i—-
according to the Federal Reserve Districts in which they are located and from this
'iirappears
+
GeorgiA—Atlanta———
-■
-
801,661,864
'
Nashville.
week
gain of 5.8%.;: We
a
273*832,510
Alabama—Birmingham.:.——
Outside of this city there was
week in 1947.
222,240,049
Carolina—Charleston——I**.,
Tennessee—Knoxville—
'
same
0.3
+
Total (0 cities)
•
For that week there -was an increase of 7.8% > the aggregate of
clearings at this center having recorded
4,102,735
+
W
the whole country having amounted to $14,411,933,670 against $13,391,- )
576.519 in the
5,347,420
268,117,191
District of Columbia—Washington
present further below
we
9.9
4.0
District—Richmond-
Maryland—Baltimore..
.
bank
21,611,000
3,432,100
+
Richmond—122,773,116
We cannot furnish them today, inasmuch as the week
issue of next week.
In- the elaborate detailed
•
+ 35.1
237,319,415
17,016,100
2,979,257
269,041,650
_
Virginia—Huntington
South
Aecordmgly, in the above, the last day of the week in all cases has to be estimated.
>
122,473,044
251,076*643
+
Virginia—Norfolk—
+25.0
1
Federal Reserve
^
(7 cities)
West
+23.4
$14,712*334,153 $12,030,709,733
£
Total
& ends Saturday and the Saturday figures are not available at time of going to press.
ended
4,423,451
138,379,092
5.5
850,454,997
Pennsylvania—Pittsburgh——J
Complete and exact details for the week covered by the foregoing will appear
••
5,233,149
+ 11.2
+
6,420,152
4,648,952
6,680,027
Youngstown
2,062,708,455 + +31,7
792,216,102
37,290,700
...
Mansfield
:
+18.4
■
$13,920,118,051 $11,140,622,005
.
Total all cities for weeki.
our
339,470,520
+ 45.5
—+—,
'
in
186,029,008
—
+ 42.1
Philadelphia.
j
7,294,140
„
Cincinnati-.
Cleveland
Total (4 cities)
644,041,761
V
,
.
346,695.087
379,031,152
:
9th
10th
Minneapolis-
7
City
-10
Kansas
12th
215,886,797
> + 229,173,493
\ + 434,877.838
+ 13.8
347,308,080
■V256,101,027
+ 27.2
206,400,745
.774,262,478
676,927,073
+ 14.4.:
588,730,493
540,348,733
14,411,933,670
13,391,576,519
Ninth
145,048,463
494,809,180
-
10
Francisco
San
(320,821,585
+17.8.
825,765,354
"
Dallas—.
Uth
;
+
Federal
Reserve
District—Minneapolis—
301,937,404
.
Outside
112 cities
—
New
York
11,997,637,036.. 10,419,312,715
9.5
•6,669,689,771
..>7,302,738,007
City
7.6
5,408,212,691
We
add
now
our
'
+
'Clearings
at—
i"
Dec. %
iv.-V'■ $ 7+
•'+
+
.
1.•
—
Portland^-;—
—
1,348,378
vi
4,622,778
—.
Bprlngfiekl
9,106,693
r.
Worcester.
;
,
•';
+ .1
;-v,
t
^
.;
6,050.445
+
815,178
2,564,866
396,399,570
372,507,034
1,387,213
1,042,073
529,456
484,457
1,579,522 T t
1,245,458
;;; 4,612,787
5,116.106 :■
+18.3
3,691,448
17,060,033
W lSdlO^ll
+20.4
-7,030^60
+
21,323,600 r
^,700,773
20,064,600
•
Joseph—
11,326,431
-
Pueblo
Total (10 cities)
Second Federal Reserve District—New
'New York—Albany
—
+
:;
1,240.046
8.6
+11.7
552,788,543 '
+
6.0
11
38.910,455
+
44.9
+
•
;
56,392,417
-
Ehnira—
;;
,
2,821,897
80,746,407
85,138,507
1,500,733
2,530,769
•
Jamestown—.
,1,876,557
.
6,721,886,748"
7,109,195,603
New York—__
■
+
5.8
11,899,111
+ 13.5
Jersey—Montclair—
—
Northern New Jersey—
Total (12 cities)^
11,022,880
777,990
1,004,348
42,634,605
41.433,436
54,717,631
64,255,595
7,308,506,005
6,999,021,997
■
5,967,897
:
19,431.600
;
688,715^
7 426,843,808
+
12.9
18,384,484
494,899,180
———
+
84,907,810
5,292,513
14.7
+
8.9
5.842,570
8,303,431 +104.9
291.495,401, + 10.8
+
5.4
10,745,551
+ 45.5
1,534,696
+ 25.9
1,563,584
~
6,999,039
235,622,690
5,788,858
1,187,879
905,718
6,643,791
,
1*169,370
1,367,590 :
347,308,080J 301,937,404
434,877,838
+13.8
6.379.774
211,814,000
21,769,220
4,774,000
2,666,227
+ 23.5
5.941,303
+ 27.9
+ 22.0
170,326,000
17,322,419
23.7
4,245,000
+ 56.3
2,224,280
8,697,806
+ 18.6
6,341,743
2,137,856
119,498,800
13.879,454
2,639,090
1,339,676
5,844,477
256,101,027
-
Eleventh Federal Reserve
+27.2
206,400,745
:145,048,463
88,326,622
100,309,666
3,568,816
84,947,869
37,047,296
2,427,000
71,463,948
30,141,025
16,335,963
6,655,287
District—Dallas—
7.877,290
270,947,000
26,560.092
/, 5,907,000
4,160,645
10,313,327
Texas—Austin——
>V'Y Dallas-————
Fort Worth
——
—
Galveston—^—
:+-•-+
——
Louisiana—Shreveport—!—
—
325,765,354
—
>•
+
'
7,536,551
2,304,347
65,420,946
,
1,601,900
1
70,220,000
1,265,052
1,159,174
1,242,461
+ 34.9-
+ 20.0
12,449,187
:
+ 17.2
13,505,559
Connecticut—Stamford.
Newark—.^
5.2
17,265,730
-
New
—
20,711,364
RoOhester—L—
Syracuse
352,819
3,713,170
72,311,594
2,904,582
7,069,671
207,519,864
4,222,193
:963,792
+ *458,918,295
9.1
»+
1,766,151
Buffalo.
386,327
4,676,028
+
York—
3,078,262
jj Biaghamton.
34.7
+ 23.2
,
2,232,857
1,968,729
Colorado—Colorado Springa-
183,449
242,922
+ 19.3
:
108.328,168
;
322,977,025
Missouri—Kansas City——
St.
467.274
6,229,313
124,274,329
6.362,024
.17,013,069
—
Kansas—Topeka
Total (6 cities)
1{
+
367,850
438,747,
—.
Wichita Falls
586,182,973Vr
2,364,203
+ 36.2
2,768,426
7.3
24,425,248
.1,385,933.'
3,698,800
2,111,702
+ 30.5
'
Lincoln
Omaha—
'•
+25.7
28,309,600
Island-^Providence-
'•
$
7,246.291
11,677,339
NewHaven.
+.4.6,
%" 1,623.117 :f:+32.2
26,215,945;
Connecticut—Hartford:
...
'
1,151,013
3,189,501
,;;;+34.7
s.
,
215,886,797
,629,279
7,676,690
Hastings
+ '
>229,173,493
+ 16.4
District—Kansas Ctty-
—
Wichita—
810,580
1,091,697
Rhode
•
+14.3
2,145,650
J
+35.9
1,897.568
New Bedford—
;
3.402,164
469,913,070
Lowell--——
^
''
+39.7
•.40L525.1-27
/
,
Pall River—
Reserve
Nebraska—Fremont
1945
%
-1;
-
■
-1,883,396
.V
2,168,370
MayBachiisetta^—Boston
.
'C P;V
District—Boston—
Maine—Bangor-
■
•
:
First Federal Reserve
v
'!
1940
K-'f.
Inc. or
-
7,214,647
+17.8
+ 22.0
i
,
Week Ended April 17
1947'
+/
6.5
320.821,585
7,087,199
3,662,789
Total (7 cities)
Tenth Federal
;i: ■:::p
1948'Vr '
3,688,592
8,472,340
151,015,318,
•49,120,152
2,812,869
1,848,004
1,640,603
5,239,490
<
Montana—Billings——
detailed statement showing the figures for each city for the
April 17 for four years:
4,210,361
154,794,151
53,095,784
—
Helena—
week ended
5,894,206
+ 17.3
;
South Dakota—Aberdeen
-4,909,880,811
—10.6
85,017,694
—
North Dakota—Fargo
Total
6,850,328
378,082,026
Minneapolis—
St. Paul
225,161,739
69,676,177
5,203,364
3,147,236
2,826,227
7,956,514
6,127,275
264,026,137
Minnesota—Duluth—
6,589,424,345
;
987,005
5,509,431,904
14,091,006
12,182,588'
10,391,919
;
8,037,411
9,233,500
Twelfth Federal Reserve
Yakima
8,725,656
—22.5
732,998
2.9
31,037,645
—14.8
41,745,572
5.7
6,785,108,397
5,687,507,244
+
600,653
;
26,995,786
3,278,546
3,162,148
157,957,047
55,643,896
California—Long Beach——-Pasadena.
——
Francisco.-K-_„
?rJ270
San Jose_*.——<—-
;
8,406,204
Stockton—
il---—-— ^ 774,262,478
Grand Total (112 cities) „
Outside New York-—I—-—
3.6
+ 47.6
+
347
Santa Barbara—
Total (10 Cites)
+ 12.8
—
106.997.184
45.724,880
9,511,047
8,147,566
377,937,050
:
—
Utah—Salt Lake City—_L——
39,922,738
+
101,866,638
114,935,821
—
Oregon—Portland—
San
;
District—San Francisco-
Washington—Seattle
.14,411,933,670
+
2.5
+
21.2
13,041,828
7,303,735
336,076,067
8,418,635
3,542,582
+
0.5
6,457,043
+ 54.3
+ 17.6
4.2
676,927,073 \ +14.4
13,391,576,519 ,.+ .7,6
'
7,302,738,007
,
10,991,933,
4,108,474;;
8,363,757;
+ 21.7
■
^
6,669,689,771 « +9.5
298,110,000
'
588,730,493 : 4
11,997,637,036
7,052.532
2,162,604
5,690,720
' 540,348,933
10,419,312,716
5,408,212,691 v-
I
^
\,r
Date
Appalachian Power Co., 6% debentures, cer. A, due 2024.July 1
Atlas Oil it Refining Corp., 1st rntge. 4Vas, due 1056.,—May 14
Butte Electric & Power Co., 1st rntge. 5s, due 1951—Any time
statement of weekly reporting member
banks of the Federal Reserve System in leading cities
shows the following principal changes for the week end¬
The condition
J2410
"i"1'
'"I?
">•
f'
J,!
Ohio Power
Pittsburgh Stesl Co.-—
!
or
first
The
Name
Assets—
■
Investments—total...
and
Loans
62,855
industrial,
American
5%
Loans
dealers
and
brokers
to
V chasing or carrying:
for
Other
for
loans
Real
estate
loans
——
,
to banks
Loans
\% 5
270
10
860
+
80
26
+
674
2.006
+ • 155
Treasury certificates of indebtedness
3,773
—
55
Treasury notes
_k_ ■ 2,386 ■/—-/ 16
U. S. bonds.—
27,090" /r-"
38
Other securities7-—4,326 .'■ + /
5
; Reserve with Federal Reserve Banks—— 12,490
+" 117
Uas hiti vault,—/_/:•_/
799
46
Balances with domestic banks
2,334
135
Atlantic
436
5'k
B
Co.,
J
•/
6%
Manufacturing
(quar.)
7
50c
'v;
6-
Avondale
Demand
$4.50
7/7 /7777,77/
;
banks
Foreign
,
8,821
banks
Borrowings
77
1
6-
1 /7
6-. 1
i.:
7
5-24
v
Mills,
(monthly)
common
15c
7
3-
vt
1
5-
8c
Co.
Debits
to-demand
interbank
during
deposit
accounts,
U.
and
Govt,
S.
Bell
:,7
34
+
7——4-------
(quar.)
(quar.i
5-15
1
1
4-20
30c
5-15 •v7 5-
Metal
4(4 '/r
>7; 6-
of
Corp
1
5-15
Co.,
District
6-12
6-19
6-
6-10
5-25
20c
5-13
5-
Company 7——..7——-.——--7—+777;
Bunker Hill & Sullivan Mining & Concen-
25c
Extra
Bunte
1
Brothers
California
'■
Below will be found
a list of corporate bonds, notes,
and common stocks called for redemption,
those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
,
2
Meier
$1.30
Canada
Canadian Chemical
Company and Issue—
■Chilean
Nitrate
&
y ■■
-
Iodine
Sales
.'V
:
,
r,Date
——Apr 29
1692
May 10
May 3
1363
1587
,1698
Illinois Central
RR„ 4 % gold bonds, due 1£52——i
St. Louis, Rocky Mountain & Paciiic Co., 1st mtge 5s_May
'•
/ ;■; 'A? PARTIAL
Company and Issue—-
:
Alabama Great
•
1st
REDEMPTION
Date;
Southern RR.—
,
mortgage ,3V4S, series A. due
Aluminum
Co.
of
Canada.
3
v.-
■
—May
1967-
Ltd.—
•
1st mortgage S'/ss, series A and B, due
Atlanta & Charlotte Air Line Ry,—
;
1st mortgage 3%s, due 1963—.
;
■
1
1465
.
'
,
1689
,*■
v
'..r
••
,
1
May
—
1466
Connecticut Power Co.—
;
4Ik '/<>
1
flrestone Tire & Rubber Co.,.20-yr. ST^debs., due 1961rMay
Francisco Sugar Co.v—
;
.,
'
/
Metropolitan Building. Ltd.,
Minnesota
1st
Transfer
mortgage
*
bonds,
National Vulcanized Fibre
dated
Jun
1936
■
—
5-21
6-1
5-15
6-1
5-15
t32J/2c
6-21
5-21.
(quar.)—
7
(initial
Cory
.
:
1476
1512
1370
Utah;
sued.
7,7
7;
6-
1
5-14
4-21
4-15
5-12:
5-3
4-30
4-10
5-
4-23
1-
5-25
5-15
6-
1
5-14
183/4C 7,
4-30
4-17
6Cc
6-15
6-
5-20
7-1
4-30
'
-
5-7
7
5-
/
4-1
4- 1
:■
15c
+25c
5-5/
25c
$1.06Vt
/
4-27
.
5-1
8-71'
5- 1 7
5- 1
'".4-19
4-20
5-
5-15
;
7'
■
5- 1
4-15
4-30
7
5- 1
4-16
or
Salt
will
receipts must
to
because
7-«
7
(7
:
,
'
7'<';777r7:;'/7777'
Lake
be
,
re-
"
be preserved
,
,
,
,
1'
they
•
7
payment
secure
*
77: 4-30
'}*: 4-157
1
.;>"4-24''i
;V
; 7
4-30
63c
i
4-15
5- 1 .7 4-15
Natmnpl
Acme
Cc._;
5-25
5-11
National Gypsum Co., $4.50 pfd. (quar.)
$1.126- 1
5-18
National Linen Service, common (quar.)_,__
7
15c '/
7- 1/7 6-15
WU
preferred (quar.)
$1.12,/2
7-1
6-15
5 7
preferred (quar.)
$1.25
7- 1.
6-15
Neptune Mete: Co., common (quar.) ______-7
25c
5-15 ;
5- 7
$2.40 preferred
(quar.)^_
60c
5-15 ,5- 1
New Bedford Rayon, class A (irreg.) __—n--7,.
18c / 5- 4
.
4-24
Nopco Chemical Co., 47 preferred A (quar.)
$1
6- 1
,
5-24
"
5-
company
Nation-Wide- Securities,
3
1
I
"7 5-26/
5-20
by mail to Rom
and
Treasurer,.
Building,
paid several months hence when the
has completely collected and
liquidated its.,assets: 77" :.7 /
7"7
Mutual Income Foundation____7:^7_7_:7-i
7
7
6-15
7,
.
be
5-
25c
4-16
5-13
.5-13
5-15
40c
''
liquidating
1
_
6-15
6-15
*12c
*44c
___
must be * 7~ of the
'",,.*7
second and final liquidating dividend to
/
7
5-15
$1.06
These
stockholders,
by
7
X" 5-15
'4-30
4-20
4-20
,
$1.62 Va
(quar.)
li
6-19
5-1
5- 1
30c
.•
—-
•.
1
25c
:—
Certificates
surrendered
5-15
k
Match
class
B
(quar.) _77777 6c
50c
4 V2 f/i
common
(quar.)
'■
Class
85+
Ferro
,
A'/ii5+
Mills
of
(quar.)
•
:
Ohio
5-14
1
7/
5-
1
6-10
6-15
5-15
25c
5-18
7-
3
5-
3
5-20
*,/.
25c
'■
50c
»'■
35c
r
1
4-20
4-30
25c
6-
5
.
'America———77,7—74
$1.12 Va
30c
1
5-15
7 5- 5
77 4-24
6-
5- 1
7 5-1
4-21
1$1
5-1
4-15
,5- 1
6-15
4-26
67
,
Supply,
Ltd.,
Pacific
.
tlOc
common—.:.
'-''"t'lOc'''":conv.
(quar.)
.
————_
4-21
: 15c
.
w
tl5c
(quar.)__________—,
—$1-25
Co. (quar.)—-—-.—75c
Pacific Chemical Si Fertilizer Co,
(irreg:):^?1' >- ? 70c
Pacific Gamble Robinson (quar.)
——25c-
'6-15.
6-21 7-
(quar.)
preferred (quar.)
4-26
37VaC
common:__:_:___^-
preferred
47
5-23
5-28
5- 5
'
preferred (quar,)___—■
$25c
Outooard Marine & Mfg. Co
—
35c
Oswego Falls Corp., commcn (quar.)
'
25c
47
preferred (quar.)
$1.12!/2
Ottawa Light, Heat & Power Co., Ltd—
57
4-20
7-1
Corp.,
75c
40c
Beauty
preferred
Owens-Illinois
4-20
-
4-30
—
ConsoHdated__:_:__—- "
preferred (quar.i __
22V2C
(quar.)25c'.
Co.
Common
6-16
4-30
.
30C
_7—
5-
6-10
30c
$1.12 Vb
''
5-15
■
6-19
6-19
Extra
.
r
Oil
—_—__—
Extra
,
1l
Illinois
(Charles F.i
Ontario
77 4-24
IOC
Oil
$1.50 convertible
Noyes
6-10 f
6-25
t37VaC
;
Co.—
4-15
1
7-
:
Corp.
Rubber
6-
(accum.)
(accum.)
Northwestern Utilities.
Partiripating
fquar.)7-747—77---—:^
preferred
4-20
-/
4-19
5- P
Investment Corp.—
American
Northern
4-21
1
62 VaC
7_
Enamel
5-
t$1.50
,
class A—
5-10
$1.50
$1.37Va
$1.50
:
preferred
preferred
North
,
common (quar.)—7—
preferred (quar.)
I—,7—7
Co.
(extra) 7—-—
7-44:77
Drug Co.,
67
:
5-21
25c
(quar.)
B-
1
5-22
4-21
$1.75
7——
Stores, Ltd. (quar.)
Co.,
common
-preferred-
*
(quar.)
American
5 V2 7
7 5-22
6-15
37 VaC
-V (quar.)—77—k_———
Firestone Tire &
Flour
.
]>referred
6 7
North
7 5-15
$1.12
__
7.:-
4-19
-
Bearing Corp.— •//"■;"■//"7.'"
Norma-Hofiman
6-11
5c
7
Mfg.
Emerson
1 ;7
150c
,
4,;4'/l
Elder
6-
17 Vac
(quar.).
(quar.)
pfd. iquar.)
preferred (quar.)
(qnar.) „——.7——
Co.
Co.,
5-7
1 4-30
45C
(quar.)_
&' Light,
Rayon, 7%
Cup
$1.12 Va 7777,7-
6-10
4preferred A
Dun & Bradstreet.
-
1
I
4-15
5-25
■'7;7; .'tained by the Company and receipts
5-
6-10
Power
Drackett
,
1
74-30
,
5-
50c
7—7——;
Steel Construction Co... Ltd.—
$1.50 conv. class A preferred (accum.)
1367
1699
777.
1
—_
Disher
1367
1475
1698
personally
6-15
IOC
Inc., $2 pfd.
Dixie
7
Corp..^!
Ltd.
Dominicn
.
6-
15c
(quar.)
Ltd
common
Warbuvton,/ Secretary
1
Insurance, Wil¬
__7—7.7——7—
& Seal,
Delaware
1696
.
Life
& Seal,
Class
,
<
Stock certificates must be de¬
7-15
5-10
I
.5-7l;„/-;.;'/7 1
5-12
I
6-15"
;
Glass
Lumber;
7
$1 Mills' (quiar.)_k_—75c "
6-15
5-
7--2
"7-21"
7- 2
5-25
4-30
7-1
7-1
7- 1,
5-15
*' 4-28
,,
6-5
6- 1
6-15
Pacific Power & Light, 57 preferred (quar:)*-' $1.25 ---5^ 1/
.1 Page-Hershey Tubes, Ltd._—*40c -, , ;7- I
Parker (S. C.) & Co. 40c pfd. (quar.):_r:::
IGe
- 5-1
Pacific
-
I
I
1- I
50c
Corp.,
■
5-1
6-15
(quar.)
i;/7-;7,Room 821; Kearns
City,
:
5-11
5- 1
<,
$1.25
(Los Angeles)—
City Copper Co.
payment is a first
livered
....
6-22
,
$1.25'
4-15
7—___^___.___„_747_7—•„ ,.777.: 5c
—
.
Corp.
Dallas
4
1590
26
American
Crown Cork
'7
due 1970-May
Power
Crown Cork
1367
15
initial stock
above
The
7;; dividend.
3
••
3
5-
6- 1-77.
5- 2.,,
77/; 5-15
'.5- 57
(quar.)____77-:v
(accum.)
6-30
12 Vac
(quar.) _7—:7.7 '
5-
9
.7.7'
77.76- 17 7;
$3
15c
62'/2c
quar.j_7
(quar.)
1
6-
■'•7:
_7_4-~<7-'~
Utilities
6-
I
' I
" I
1
/ I
7
5-15
5-15
7-6- 1
•
'(quari)7777777777/:;7 30c
7-31
5-
7.: 6-
;'7
.
„
50c
30c
—
Cottons, Ltd.,
Mountain
r
Co.— I
^
Co., common
preferred
(quar.)
Extra
'
-
Electric
Wire
Gas
mington, Del. (quar.)
Copeland
Refrigeration
1366
1
Water Associated Oil Co., $3.75
pfd. stock——July
Peninsula Power Co., 1st
mtge. .-3 ^s, due 1977-May
Insulated
Consolidated
Diamond
15
;> ReL mortgage and collat, trust 3J4s, due 1964—
Apr 30
Revere Copper A Brass, Inc, 1st mtge.
314s, due 1960-May 15
eherwta-Willlaiite Co., i'"e preferred stock-i—i,7—_Jun
1
RouWiern California Gas Co.. 1st
mtge. 3'As,
Collyer
Ohio
i: '
2
80c
(quar.)
preferred
I
I
I
I
I
: 77
Telegraph Co.7
Grain
preferred
Montreals
$1.25
(quar.)
5-15
1
6-
'
Rubber
Common
27 VaC
(quar.i
7
6-
.
6-
■77'7
___________
Mississippi Valley Public Service Co.—
.
fl5c
(s-ai
preferred
Southern
&
Continental
1696
I
May ' 1
25-year 6% income debentures, due 1962—
6-21
$$1.12Fa
415c
—
■'7;6- iy :
5c
7,
•
k
IVe'
(quar.)
5-10
4-17
$1.25
7
(Baltimore)
Pacific
/
4-26
5-20.,
.
,735c
,
Co.
:
.
1469
"
'
Co.—
15-year 'AV\'m' debentures due i960——__May
15-year 4«/4%, debentures,'due 1960—4—May
New England Power Co.-—
k 7:?,;■'■
1st mortgage S^s, series A,- 'due 1961„
May
New York Water Service Corp.—
7V 7
1st mortgage 5s, series A, due 1951———
Apr
Paramount Building Corp: of Seattle—
7
'
»i.
Bttinsyivahia Water & Power Co.—
•
$4.50
1585
v
5sf:———May 15
S
-
Co.
5%
preferred
Consumers
-
t,::
_
1
i956-i_—.May 17
1st mortgage
Rv.—
3^%
due
•
,
"..
2.1st and gen. mortgage 2V4A series C bds., due 1975-May
bonds,
Foundry,
Columbus
,
\
trust
*32 Vac
■
-
' J
'
_(r/v.
.
1st mortgage & collat,;trust 3s. due 1973-—May 1
* 1468
Central Indiana Gas Co., 1st mtge. 2T8s, due 1971—
May I
1467
Chesapeake & Ohio
+■.,.■■ .• .•;
'■•(•r;." =.
:
Ref. and imp. mortgage 3V2s, series D. due 1996—May 1
1255
Citizens Independent Telephone Co.—
1st mortgage • 4 Vis, series A—
—■
Jun
1
1584
Clyde Porcelain Steel Corp.— .•■
V" j ■ 15-year bV2 e/ci mortgage convertible
bonds, due 1960. -May 14
° ■■'
*
collat.
4V2 % pfd.
(quar.)
5-10
I
"
:•
Co.—
(irreg.)
common
Co.
1
4-26
5-
7
775preferred'1 (quar.)7:7777::7^77:7';:;$1.25--/:/5-/l/
Clearing Machine Corp. (quar.)— „7~—k—77 77; 40c;
Oochrane-Dunlop Hardware,; Ltd.—;
: ..7 '
Class E
(quar.)
—7.7
J20c
■'*'■
$1.20 preferred
130c
(quar.)1—7:_—:
n
20-year 0%
4-30
•
Blackstone Valley Gas & Electric Co.—
.
5-15
-
Page
—May 15
1974-,,
4-23
:—7—;
7
35c
Reclaiming Co. (quarj 7-Rhoads, Inc.. 4Viff pfd. (quar.)
Minneapolis-Moline Power Implement Co.
4-23
1
National Corp
25c
:
:7_k77—_
Centrifugal
Pipe
Corp
7
•' 7 A-;/ $1'7'
20c
Chicago Molded Products Corp
_l
50c
Chicago Wilmington & Franklin Coal (quar.)
Chile
75c
Copper Co.—______7
15c
City: Investing Co._—k'
^
•
1
Central
V,
4-23
5-
(quar.) ——7_—7-;—7:77;:7
preferred
Central
1
5-
Industries,
$1.10
Miller
$6.50
Ltd., com. (quar.)—
tl7'/2c
7vr
preferred
(quar.) ___^:7k„k^7:77k777r''
1;*$ 1/75
Castle (A. M.)
& Co., (quar.)
7)7 50C
77-44
Central Arizona Light & Power Co.-4A^A
Common
(quar.).
7n- '7: 15c :7
c.
Corp.—
5% income dollar debentures, due 1968—
Ellicott Square Co. of Buffalo, 1st mortgage 5s
Exploration
Canadian
Page
Midwest
|
Co., Ltd., pfd.
Canadian
tender
4
4
27 Vac
(quar.)
Safeway, Ltd.,
Vinegars, Ltd.
Canada
55-
Water Service Co.—
preference
5-15
5-10.
;7_:7:7-:7:7w77_..__777k77';;7:/::- $1 7:"5" 1
&
Midland &
1
43 %C
,
7
15c
31'Ac
I
:'/7
4-30
ioc
^77_7___
(quar.)
Frank
i
5-
■W:-W
————J———l—77—7
4-23
7/
'''7(7-7
com.
I
I
I
6-11
77
5-20
,/7_77^77:-'-77:-7_7_7^777777^:7;7>;'/'«1
1
7
(quar.)
414 % preferred C (quar.)
Canada Cement Co., Ltd.—
■
•
Insurance—
8c'
T--7
(quar.)
■
Products,
Corp.,
McCormick
6-
50C
—
Title
f quar,)'
-
preferred
California
preferred
including
of
(quar.)
Pacific
Common
7%
notice
7;7;
_:7kw
____—7——
(Mo.)
■■
5-;i::;7:
$20
r'-iAk";
(Md.)—
participating
6-
Vic'-
37 Vac
6-30
./;/■
5
4-15
'
7-7;.-77777_—77::7777':
preferred
7:;/ Extra
.
12
Co., common .(quar.)7k—i*i77
: -7,———77-w-7~4-
trating
.
5-
1
I
1
/';7"
Inc.—
Power
& Abingdon
7; / Quarterly
8
:
-
Redemption Calls and Sinking Fund
5/7,
;7:7 Fully
5-31
50c
(quar.) 7
America
5-
57'/./;
6-15
■{
5-15 '''
.
$1.25
(quar.t--
5-
7,77-15 7-'
f75c
7-7^-777:77.777—7::.
Marine Bnncorporation,
1 .7/; 5-15
62 y2c
$1.06 'A
Roller
Brewing
4-28
(Brooklyn, N. Y.) —
Mayfair Investment Co.
preferred: (quar.)
Bearing Co.477»7~7i777;7if7
Bower
'V.y7 ;7:| 7; ;;77 77'-:
$1.06'A
1 ■7"
,
Buda
'cA-AyA
V;
preferred
Marathon
.
6-
5-7
5-5
.
5-15
$1.25
(initial)^___^
.-777:''
Mackintoslv-Hemphill Co.-77_7__.._______-7Manufacturers Trading, 75c pfd; (quar.) 77 \
Mapos Consolidated Mfg. Co, (quar.) .777:,:
4-20
5-
12 V2 C
1
$3.. .-..5-15,
1
(accum.)
Corp.
5 7
5-14
..
$1.50 77 575c
(qu0r.)„7
(quar.)
—,—
Inc.—
j
& Bryson,
5
6-
5-15
I
I
1
I
I
I
5-7
10c
77.777 X
(quar )
(quar.)..__-
.
Semi-annual
5-14
6-
1
;
4-15
6-
I
I
I
I
5-10
4-20
10c
£c
preferred
Eeli Lumber
Lyon
4-15
5-29
50C
7
/,
_
Co., common
preferred
4'4 '/r
.7:
'7'
19,745 7'V
Howell
&
Black Sivalls
//v.'.;
except
Co.
Apartments, $6 1st pfd.
prior
preferred
(quar.) -7-74-——
Belding Hemingway (increased quar.)
3
■
accounts,- ' 'v"'7.
week
Oil
Beaux-Arts
607
7<
6-1
12 V2C
7
5-10
-
25c
Series
Mfg.
Lumber
Lynchburgh
1 ;>v; 4-15
5-1
•v
$1.50
.
83
12
^7 77
.
Earnsdall
460
209
$i.0« V* 1
&
class A
$4
Lynch
6-
20c
$1.12
4-23
67 pfd. (resumed)
Fund—777; 7
Interest
Coal
Eell
Long
5-15
'
/7/..;
—
7
9-15
1
Sccoid
Long
5-14
Ig 5—
1
5-
Candy Shops, Ltd. <quar.) _7 77;: 120c
Navigation ts-a)
—
7;
5°c
Liberty Life Insurance (Greenville, S. C.) —
5-14
6-
■•/,
6-15
10-
.
5-14
25c
25c
t
;7 Quarterly ; v777_:7:_:7v-r-:7-77-77:,;. 7>/'i 30c ■7 i 7-^:1,
6-1
Liggett & Myers Tobacco (quar.)
i!%> $17
7 Life f. a vers Corp.7777777i :777^7777^1 ;;
6- 1 :v
,40c
Loblaw Groceterias,
Inc.
(quar.)77777:: ;/
20c ; '7; 6/71 '/■■;'
5-14
/•:
1
5-28
7-
6-1
7:7^77477^7—77k-7777--«v
Superior
Lehigh
5-19
6-
6-10
37'/2C
(quar.)
(resumed)
Co.
convertible
Laura
;
6-14
6
25c
5% preferred (quar.)_^_.__,
Lansing Stamping Co.__„^
:_„_7_______
5-19
25c
_
.(irreg.)7——
preferred
(quar.)
Euilding, Inc. (quar.)
Balt'our
082
+
1.351
123
u—~~
63
+
_
Domestic
235
6
~~
——46,210
Time deposits, except Govt..—14.753
U. S. Government deposits
1,390
Interbank demand deposits:
77 '/./
673
—•
deposits adjusted
7-
(quar.)
Common.' (quar,)
1 ;7 5-14
1
1
5-11
7-20
7;
Stock Yards, 57 pfd.
Plant-Choate
Lake
6-14
'
5-
1
$1.50
"
(quar.) *7:7-7;..'
preference
Battery Co.
5 r,'c
5-14
7 6-
6-
15c
'
■■'7 Liabilities—
5-15
Oom.
1
v 5-15
75c
_7-T7^77kk77.
convertible
W.
La
4-21
25c
Productsilquarj.,.77—«il,7
Allied
Avon
S9
Corp.
4-26
6-
(quar.)
'
Avcc
5-1
pfd.
(quar.)_
Peanut
Lackd."-Christy
5-15
1
—
(quar.)
5-17
50c
10C
1-21
1' .7.
7——
America
I
Kysor Heater Co.
^7:777777>.7v77«
7
L'Aiglori Apparel, Inc. (quar.)
—r—,.
•
4-23
5-
conv.
of
4-23
6-
25c
preferred
Car
.
Eenefieiai
7-23
6-15
pfd. (quar.)
preferred (quar.)
Co,
1
17V2c
5V
(Tom)
Quarterly
10-22
$1.50
-47.-—777i
(quar.)
.7
2
1
5-
$1
conv.
Canteen
5-24
5-
(quar.)7__„
Motor
Knickerbocker
4-21
7/6-
RR.-„_\_--7--—7„47'i—
preferred C
Loan
Kavneer
4-16
40c
■
74
_________
conv.
Automatic
927
;
series
5','c
216
4-15
6-4-
85c
(quar.)
Kings County Truct Co.
1-31-49
50c
$2
series A
;•
5
35C
A7,
—
!
K.
5-28
8-
$1.75
•
3,312
,
5%
Co.,
—
5-1
20c
:
Refractories,
Illinois Central Railroad,
7 4-30
50c
—
Co.
Atlantic Coast Line
Autocar
■
—
(quar.i
75c
15c
Kansas City
5-20
11-1 .7
$1.50
■
(Conn.) „„7———
Line
Coast
(quar.)
com.
preferred (quar.)
'77 7 $7 2nd preferred (quar.)
1,373
.
Dry Goods Corp.,
6 'A>: 1st
825
+
bills'-
preferred
$1.40
- 1
5-14
30c
Wholesale
Huston
'
7—i———^
(quar.)
Co.,
4-29
v
—
Hub
•
5-1
$1.50
Mfg.
25c
6- 1
5-15
(quar.)
(quar.)
(quar.i
Instrument Co..
Orleans
6 rJc
6-15
.
$1.50
Oil Corp.
Co.
preferred
(aceum.)'7-*7^7^7-—7-7
Investment Foundation, Ltd.—
5-15
30c
$1.50
(quar.)
prior
Associated
4-23
f50c
(Joseph) Co. (quar7'.7--i—-Tl:-«. Howard,Stores, Corp.,, ccmmon (quar.)_7-7'
7" 4!4 'A ■ preferred kiquar.'Tk-———
4-20
5-1
50c'
.
:
prior pfd.
prior
Asbestos
i7, y
16
'48
+
■
——7—---7—
(initial)
5- 5
:
preferred (quar.)
_i—_77__i)
preferred (quar.) ^—7——.I:—7
6 '.'0
prior preferred (quar.)
Appleton Company
(irreg.) i7-77-7t'*.-7'77»7-
32
21
—
'■ 3.569
Works
6-16
5c
^
-
1
Quarterly
5-15 7:.: 4-3)
56'Ac
7- 1
25c
Home
.T75-14
1
6-15
7
30c
6 'k
24
+
Foundries
7
6'A
v;.
191
___
——
Steel
3,643
Other loans
Treasury
Screw,
.: $1
Co.:—7——_4—7——
4V2% preferred (quar.)
Argo
.
___
Co.—,
Water
Co
preferred
New
7;/6- 5
4-30
6-
10c
Pulley
American
'
6-
■
6-15
7
$1.25
American
619
'
6-15
4-30,
6-16
<s-a):_k77
Co.
5-3
5-15
7-1
25c
5 ;«>
77 5- 5
5-20
12 Vac
Meter
American
—
475
—
7
37V2c
:
Hemisphere International Co.—
5-17
.
Dock
&
5-5
5-21
6-12
5-15
International Railways of Central America—
5-15
1
(quar.)_:
Stores
Harrison
4-30
6-
35c
:
_
(monthly.)
Anchor Post Products, 6%
272
_____
(quar.i
J——
American
purchasing or carrying:
S. Government obligations—
U.
Other securities
1
6-10
4j/2C
_
American
3,461
—
com.
Bros
6Ye
5-14
5-10
87»/2C
5-15
_
"
(quar.)
5- 5
50c
;
25c
$1.50
Mining >SmeLting -&«
(increased semi-annual)
V/ater
Harbison-Walker
4-30
•
2,161
,
"7 6-
15c
4-26
5-15
.
Light, 6V/preferred (quar.)
& Die (quar,)__.;„__^._.^_
Products—^
.__^,7--7
Brothers
Hammond
Holders
5-15
150c
_
(quar.)
Products
+
407
*—.
Tap
Payable of Rec.
2oc
(quar.)
Machine Co.
Home
+
379
Other securities
.
Co.,
3
—-
-7
U. S. Government obligations--.
;
preferred
American
77""/777 '/.'
7.7
pur-
'"'77v'7 7
%
Cable
Chain &
(s-£t J
5-18
4-30
(reduced)—^
Dredge
Stores
Extra
20c
(quar.) i
Shares
Business
American Gas
1947
—
r
American
/7-y. 65.
.y. '.'AA:
;
-L
14,333
agricultural'
and
loans
14
—
23,269 '
Loans—total
Commercial,
:\yv
1948
1948
7
,
Portland Cement—
Airlines, 3Va^ preferred
Alpha
■>,;.> Ok/ -77/77 77 (In millions of dollars)
7-
of Company
6-1
25c
common.
common
Inc.
Gas
are:
When
$1
7*—'-7^^7-7-,^--■
Ltd.
Co.,
Hudson
Share
Vending Corp. (quar.) „:
Acme Glove Works, Ltd., $1 preferred
Allen Industries, Inc.
(irreg.)——
Inc. (+) or
;,--y
week
this
5-18
5-1
10c
___7—
Corp.,
Greenfield
Hale
ABC
'
:77';7/7
announced
dividends
1
Consolidated
Lakes
Great
7.'7.'.-7.
'7\
4-26
6-
(quar.)
Foods,
Power
752
Halle
Per
7.. v77' 'rlDec. (—) Since
7'7: ""v'•
:■
■Apr. 14,
Apr. 7,
Apr. 16,
:
Paint
Granby'
we
7'v 7'
5-15
5-14
25c
preferred
Gordon
5Vol. 166
164.
lIVol.
15c
(quar.).k——7 .SI conv. 2nd preferred (quar.)__w„_._7_7 * V^
$1
are
declared.
'
7
General
grouped in two separate tables. In the
bring together all the dividends announced the
current week. Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
Dividends
American
■
issue,
12Vic
1
Advertising,
67. preferred
DIVIDENDS
member banks follows:
,'•■•V-'"'
Outdoor
Holders
Payable of Ree.
.__„7
_7—
common...
(quar,)
(extra)
Hackensack
$24,000,000 in the San Francisco District, and $209,000,000
at all reporting member banks.
Borrowings decreased $99,000,000 in the Chicago Dis¬
trict and $77,000,000 at all reporting member banks.
A summary of the assets and liabilities of reporting
•
General
,
tVol. 165.
Co.
Year-end
Grocery
deposits credited to domestic banks increased $63,000,000
in the Chicago District, $60,000,000 in New York City,
• •
this
Co.,
preferred iqifar.)
(D, B.) Company,__7„.—'
Greenfield
.
;
,
Trailer
Gamev/ell
mortgage
■"Announcement in
$38,000,000, respectively.
■
Demand deposits adjusted increased $285,000,000 in the
Chicago District and $235,000,000 at all reporting member
banks, and decreased $141,000,000 in New York City and
$40,000,000 in the Philadelphia District. * United States
Government deposits decreased $63,000,000.
Demand
•
Apr 29
•
and
.
451
bonds, 4V5s % series, due 1950-——May 17
1st mortgage bonds, series B, AVi'fe, due 1950--—-—May 17 .
1st mortgage bonds, series C, 4ViVe, due 1950—17
Standard Oil Co. of Kansas, preferred stock—-.—Jun
I
Transportation Building Co., Ltd., 3'/a% 20-year bonds:Apr 30
Wheeling & Lake Erie Ry., 5Y2% preferred stock
May 1
1st
—„——-—7-—
t'quar.)— 7
Co.
&
Share
Co
"
Fuller
—v
Bros
Fruehauf
,
,
Company
Kleiser
&
Fownes
1582
112142
it
Gas
Purchase
.
Foster
Electric Light. Heat ti Power Co.-t2004
money 4% bonds, due 1949
Anytime
1, '49 1591
Co., 6% debenture bonds, due 2024-—.
J
York
New
carrying United States Gov¬
ernment
and
other
securities decreased $56,000,000.
"Other loans" increased $26,000,000.
Holdings of Treasury bills increased $91,000,000 in the
Chicago District and $155,000,000 at all reporting mem¬
ber banks, and decreased $26,000,000 in New York City.
Holdings of Treasury certificates of indebtedness de¬
creased $112,000,000 in New York City and $55,000,000 at
all reporting member banks and increased $27,000,000 in
the Chicago District. . Holdings of Treasury notes and of
United States Government bonds decreased $16,000,000
purchasing
Loarts for
Realty Co., Ltd.—
(T.)
1st
April
l)3nks«
■
7
mortgage 4s, series A, due 1951
Eaton
14: Increases of; $155,000,000 in holdings of
Treasury bills, $135,000,000 in balances with domestic
banks; $235,000,000 in demand deposits adjusted, and
$209,000,000 in demand deposits credited to domestic
ed
Name of
Page
Company and Issue—
When
Per
■
CALLED
ISSUE
ENTIRE
Condition Statement of Member Banks
Monday, >April 26, 1948
FINANCIAL CHRONICLE
COMMERCIAL &
THE
(1844)
48
5
5-
5
6-20
6-20
6-20
5-3
4-23
6-15
6-
1
6-
1
4-29
4-20
5-21
5-15
6-
1
4-20
6-15
4-26
:
I
I
♦
,r.i
V6lwnei67^'Nun^¥^46#3
COMMERCIAL
THE
« > ,i-i\f..,«(ft,-
.
/"ij [J
-/ ,•
-
.
■
uti '■
-i .1.- v,^-.-,,ia
FINANCIAL CHRONICLE
&
v'<•<••, j
Y.'-t )] '
■
<■:
r^v^4N^ti> a V;
r.i P«r
-Share
•'•
Peaslee-Gaulbert Corp.
iBukf,t'.n:t<&J>,.,<r*
•..
6-
25c
Alaska
4-23
AJloy Cast Steel Co.
. •<
'
When
5v' 1
i^ck,. dividend)
Holders
.7
Packers
Association
4-20
3-29
774 %
preferred
(quar.)
•81
5-
1
4-20
Amalgamated Sugar, 5%
/ Public Service Corp.- of
.N.^/comMquar.)..
'"./$.5"pre,«rxqd (quar/.
; .6% preferred (monthly Ll^,-/7_//,..____.._
".' yVk: preferred
8 'fo: preierred
35c
6-15
5-17
Amerada
81-25
6-15
5-17
Petroleum
6-15
5-17
American * Book
6-15
5-17 *
American
$2
6-15
5-17
$1.25
,
(quar.)
1
5-1
5-5
5-
4-16
6-
1
50C
6-30
6-
/ 4-30
Co.
4-12
81
/ 5-1
75c
•15
4-22 »
50c
-29
4-19
40c
4-26
3-22
5c
5-15
5-10 ;
5-15
5-10
50c
6-1
5-
4-19
.
■
..
Public Service Electric & Gas—"
vZ ♦$- Preierred:
-.
•'••
_
1 :
Distilling Corp. (quar.)
Casualty Co. (Fla.)—
;
___________
Annual
.
:<
v
■
f--
$1.75
6-30
6-
20C
.■
5-15
__
:One additional .share of commnn stock
■■•.. 7 .each'
sfcare;'lieid__r„l:4-^--r
"
Randali
Rapid
.
American General Corp. $2
'.''v'*
Electrotype
Co.
Electric
Packing Corp?,
5-28
American ; Home
5-
1
4-26
20c
5-
1
4-26
Products(monthly)
Light & Traction
*',
'Common (stock dividend)—;
50c
5-
1
4-26
;
25c
6-
1
5-15,
Quarterly...
„■■». ...
~
25c
■•/*/.'-/___///
9-
6-
'
7/ ■: 5,%
preferred- (guar.):7.
h'fo
/
series
A
preferred
5-
1
1
Rowe
Corp.-
4-20
Sabine
Royalty
15c
Sibl«5y Lindsay & Curr
./
(increased
Breweries, Ltd.
Simpsons, Ltd., 4 J/2 %
Smith
(Alexander) &
Solar
(quar.)
Aircraft
90c
Bend
Southern
California
4.88%
preferred
5 c/o
preferred
Extra
50c
6-30
4-22
4-15
6-12
5-284
7-17"
.:::
-
1
Co.,
85c
Odin
Coal
Co.
additional
each
&
preferred
5-31
5-15
7:7.5-31;::-- 'r5-
Oil
$5
R.)
4-30
50c
0-10
6-
4-30
4-24
25c
6-15
5-25
$l%c
Quarterly
-
'Prior-
5-17
4-22
4-22
5-11
6-
4
5-11
5-14
4-30
15c
5-15
4-29
$1
6-
62 %c
7-
62 %c
10-
25C
4-23
1
1
6-19
1.7
5-10
53 %c
6-
5-14
6-1
1
7-
1
6-15
.5-
1214(5
5-
6-
7,6-
77
1
6-
,7
1
5-14
•
5-15
5-3
convertiMe prior preferred' (quar.)
,/ 4%-% cuimifathx- prior priiferred iquar.)>r
4% %
vBdbw
6-15
5-15
1
7
5-15
6-15
■
6-
$1.10
;
8-16
1
7-31
6-
5-
Air
Reduction
Co,
Air-Way Electric Appliance Dorp,
6-15
,
$1.12% 7
6-21
6-
Akron Canton & Youngstown RR.
5%
preferred
(s-a)_„
9
4-26
4-
9
6-
1
6-15
6-
Per
When
share held.
Electric
Chain
6
8
Quarterly
Champion Paper & Fibre,
$4.50 preferred ! (quar.)
Chase Candy Co,___
Certain-Teed
4%%
27
5-
4-
5
4-
5
4-27
62 %c
5-,
4-22
77 $1
5-
4-20
$25c
55-
6-
5-10
5^
30c
5/
7-15
6-30
$1.50
10-15
9*30
L-15-49
10-
British
___
(quar.)__
y
1
4-15
British
Rubber
5-
1
4-16
5%
6-
1
4-30
Broadway
4*30
4-, 8
15c
5-
1
10-
1
9-15
.
$2.50 "
Co.
,
,
Brown
Canada,
Shoe
Products-.-
0-25 /•
11-25.
/
4-15
;/ 4-29 !'
7
•
$$1
—
-
;
•5-
1
5-
1
»
4*15
!
4-10/
'•
5-
6-
1
5-10
5-
1
v"4-i5'-/
••
j.__/s
$1
15c
6-15
12 %C
1. ;.
6-14
5-
I
(irreg.)
&
RR.
Colonial
7-15
Colorado Fuel & Iron
$3.50
5%
5-
1
3
4-12
4-20
4-16
4-26
4-16
5-
1
Plow
1
5-14
5.-1
/
Co.
$5
-
/"
',
5-1
/
7
$1
4-30
50C
87%c
5-
7.
J
7/
.&//••
4-2w f
4-22 /•
4-
'
4-22
:
54-
1
/
5
8
4-30
7 4- 9
5-
1
4-10
*
6-
?
25c
7-15
35c
5-15.
.
Co.—-
'
4-22 7
5-15
-
/■
9
••4rl5'
f
7
8-
,/'7n
7'
$1.25;
9-
$1.25
30c
5-
8-14
4-5
30C
5-
4-5
-----
4-30
Cofp.—
Gas
1
5-16
7-1
6-16
612-
4-14
•
5:
1
4-20
6-15
6*30
'
25C
4-27
<4-16
4-30
/ 4-19
-
37 %C
6-
15c
a
.
5-ie
"6-1*
25c
(quar.)
Co.—
'.■■■
1
1'
5-15
10c
,
;
4-16
5-1
50c
-
; ;
.
5-15 '
1
"4-20
"5-15
5-14'
2%%
$1.06%
4-30.
-
5-
5-15
,
;i
1
(New
Hampshire) — % &
,7%
preferred (accum.)___—;
r
Cone Mills: Corp J (qua'r.) ___/——
Connecticut Light. & Power.,
7
: /?
7
7;
80c
35C
;;;
4-23
4- 2
// $4C
/. 4-15
5-15;
'fri-'-
; •
(quar.)/-
Co.
8-10
1
6-
Insurance
Telephone
preferred
1
5-
87 %C
(stock dividend-—
preferred -'(quar.)_/j.i
Life
4-20
7-
$25c
(quar.) 4/-.
com,
preferred
National
4-16,
5-15
'
$25c
(s-a)
pieferred (quar.)_.
Mills ;(quar.)_„+—i—i—
Sand & Stohe' (quar.)™^
convertible
Concord
5-
4-30
—
Commonwealth
4-20
6-
5-15 7
4-30
::
(Boston, Mass.) new corn, (initial s-a)
Commonwealth Edison Co, (quar.)_____
Commonwealth; International^.;Corp., Ltd,-—
Quarterly
1
5-
5-
5-17
6-10
35c
Columbia Pictures, com.
4-15
1
5-15
4-20,.,
'
•'
1
$25c
Colorado Milling & Elevator, (quar.)-/-- si.—
Columbia Gas & Electric Corp. (quar.)
$4.25
I
7-
$5c
Semi-annual
Columbian
5-15
5*
6-10
.
.Colonial
Cockshutt
6
-
4-15
1'
Cincinnati
5%
J
5-
5-
-7"'; $1
(quar.)
4-15
4-
6-18
7-1
50C
_
Electric, common
4-15
"
1
40c
Gas
Co.
5-15
;
5-
'
(Mass.)—
Oil
5-14
.
6- -4
6-14
56 %C
Cotton
1
>
2%
10c
4-30
7-31
:
'
(interim
6-
e-
$1 25
v
C:<:>
5-15;
■*
5-15'
$1
40c
)C
6*
'
A
1
1
i
yii'jV
7/4*30
6*11'- •"
1;
;
,
4-30 ;
4-15
preferred (quay.)-/7^__-_r—_________
$1.90
preferred (quar,)____
Connecticut River Power Co.—. 7
;
7!
6%
preferred/ (quar,)—/-—
Consolidated Chemical Industries,. Inc.-t- ; ,r:
$1 partic. preferred, clsss A (quar.)
.
4-15
4-30
..
50c
$2
5-15
4-30
5-15
4-30
Class
B
(quar.)/___/__—
Dearborn Corp.
Consolidated
Consolidated Edishtt Co. nf
,
6*
2
'•
4-
9
47.% C
•"! -
4-20
5-20
'$5
preferred
1
4-15
5-
1
4-16
4-30
4-15
5-
1
.4-20
Container Corp.
;
Y.—
5-
1
4-20
37%^,
U-
1
5-15
90c
4-30
4-15
10c
4-29
4-19
5- 3
i'1.<
prior
7—i^.__
;•/ 7" $1..
'
"•
1
4-
9
>' 7;
5-15 ;:7
5-17
4-15
6- I
/
5-21
:
-
s 7'
j
Ltd,—
:
$1.13;
50c »*',
class
A--.—-—
1
17 7 6-15
5-20
'
5
j
+
10C
:
■5-
5r
;-
'
2£c.;
75c;'
•
;- a
7; 5-20 7
$1
-r*
.
:•//
5-317? »/4-21»7?'-':
7 $50c
__
-7:5-14'
67-
$50c
—
(quar.)-—
Ltd.,
.
25c
of America, com.; (quar.)
preference
6-
6-t
25c
,
4%; preferred (quar.)—/_r
vCook Paint & Varnish, common (quar.)//Z/
$3
t/.,;. /'1
:
U 4-157/7
7/ 4-1G - Tv'
.
Lttf. '/quar.)
Corporate Investors,
5-i5 /
;
4-15
5-1
*
2
i-;
18 %c
Paper Co.——
preferred (s-a)
4%%
preferred
(quar.)
5%
Glass,
e-
5-1
$1.25
Consolidated Textile Mills,
Consumers
5--1/
?7%CAi'
(quat.)
4-20
Consolidated
•
37 %C
N.
fi
'■!
$1.50 >
(quar.)_—_-y-
Consolidated Laundrie? Corp. (quar.)
Consolidated Natural Gas Co.. (s-a)
-4*
1
;
•
——_
$$1.25
,,
5-15
4*6/
5-15
(quar. )__•__
VColgate-Palmolive-Peet Co.,
Ltd.—
(quar.)___
Bank
4-23
8-20
25c
V
1
/;4- 8
30c
4-15
5-
■
6-
4-20 1
••;
1
4-30
$1.12%
'5-4
$$1.75
$$1.50
—
:
6-17
4-30 7
5-1
; // 75c
1
$30c
—
4-10
1
6-10
37 %C
common
6-1
■
$1
62Vic
25c
—
Co., $3.60 preferred
Steel
'7
;
5-15 "
$1.12%
Trust
1
Ltd.—*
(initial quar.)—
National
Estate
5-
6-
77
Store, Inc., common
.___2'i____._—L-~.—j._2__-__-_
67/ prefened
Buciianan
of
Real
4-30
r
$1.25
$62 Vic
15c
{
5-
Chicago & St. Louis
$1.25
preferred
(quar.)
_i—
Cleveland Electric Illuminating, common.™
55c
$4.50 preferred (quar.)
$1.12%
20c
Clinton Industries,? Inc. (monthly)
20C
Monthly
•
7
20c
Monthly
-_-u
Coast' Breweries,
$8c
Ltd.
(quar.)_/__^—_—_^7
4-14
•j;
;
-
_____
Store
Ry.,
4-15
$60c
(quar.)
'
4-15
1 7-15
13c
prior preference (quar.)
Investment Corp.
conv pfd.
(quar.)__
Cleveland
4-29
'2 5- 1
78c
Department
Clas$. B "
;
4-20
t
1
4-27
—
—
preferred
'
4-30
-
(increased)-'
rulp & Paper Co.,
(accum.) __________
(quar.)
4-15
1
.6-15 ; 7' 5-25 /■/
30c '
preferred (quar.) ;
/•• 5% preferred (quar.)
City Stores, common (quar.)
Class A (quarj______^__.
for
<
Columbia
preferred
5-
•
,40c
6%
4-15
5-1
15c
———
preference
/ 4- 5
1
5-31
com.
■
4-15.
5-
f
10c
(s-a)
7%
5
-
Cincinnati Inter-Terminal
4% preferred (s-a)
9-14
4-26
—$50C
7,,.—.
5-1
5-
37 %C
Cincinnati New Orleans & Texas Pacific Ry.
12-14
8
Brewers & Distillers of Vancouver Ltd.—
5-
5-14
1
6-
4-30
%c
4-26
1
1-2-49
$50c
Brazilian Traction Light & Power Co., Ltd.—
Holders
5c
12-31
•
7-
Co.
2
4-
85c
Cincinnati
j. 4-15
5-25
Extra
*'■:
I
5-
_____________
Products
Cbesterville Mines,: Ltd.
Chicago Corp.
(quar.)
4-20
56 %c
-
(quar.) __„22______^-_rr__ 7/
Annual /
5-
50c
(irreg.)
Chickasha
•
4-10
1
:/;'•'•
;3-21
5'-15 ' "'
50C
/Chalco Steel Products
(initial)
Chei ry-Burrell
Corp.,
common—
4%
preferred (quar.)
4%; preferred (series? of 1947) (quar.)—_
Chesapeake Corp. of Virginia—
Chesapeake & Ohio Ry.
.
3%% convertible preferred
(quar.)__
4-15
$5c
4-15
'
1
Payable 0/ Rec.
25c
4-23
5-
Ordinary
4-30
'
Store
4%%
4-20
•
,
5-28 ;
1
5-15
(reduced)
6-
5-
25c
_2_~
:
4-
.
4-20
B
Copper
1
1
Class
Pasco
2
(quar.)
6O0
Boston Fund
(quar.)
2^— J
> 16c
Bowes Co., Ltd., class A (quar.)___—$12 Vic
1
7-
$$1.25
____/•
Corp.,
(quar.)
dividend)
6-
5-
$1
-.7/:
(quar.)
De
(stock
4-15
1
Edison.
,4
5-28
X 5-28 :v
9-15
(quar.K____^
4-15
5-
Boston
1
7-1
Power Corp.—.
1
5-10
15c
stock
York
5-
•
$%c
(quar.)
common
9 "
1
$10c
Electric
&
5-
50c
(quar.)
Corp.,
preferred
:t
75c
Electric
4-21
5-
4%
4-
P
4- '9
4-30
30c
Corp.
Gas
1
81
Fisheries
Booth
3-27
25c
4-21
Chain
;«%c
—
f
7
5-15
(quar.)/_//^/-__^
5-
>:
(Phila.), common (quar.)__^
15c
preferred
.(quar.)
7
75c
(E. W.) Co. (quar.)_2_-T-_———50c
com.
1
7-
:
*
5-31
6-
,7;.7-' $1
5-19 '
,
Subject to approval.—
Co.
7
5-1
$$1.75
com_____
5-19
93%c
(s-a)
common
2
12-15
(quar.)
Coke
&
preferred
Common
Cerro
Chase
Blumenthal
1
6-15
of
share
6%
..
4-
a%c
Corp., Ltd., 5% pfd. <quar.)___
(Sidney.) & Co. (quar.)__^
Bon Ami Co., class A (quar.) __2„™_____.
Class B
(quar.) _—_—
5-31
/
M3C
___
4-24
4-26
'$1
Blue Ribbon
'
(quar.)
1
4-24
extra
7
,
125c
,75
(quar.)_i__—__——__
Bloomingdale Bros,, Inc.,
5%>. preferred
(quar.)
7-15
$1.20
.
5-
$1.50
—
pfd.
•
3-19
;
$20C
Co
Power & Light Co. (Texas)-—
4%
preferred (quar.)
Century Ribbon Mills (quar.)__
Century Electric Co.,
; ,.7
Common
(cash ^dividend)
4-30
20c
_________________—_
conv.
5-26
"5-a /'
6-1
Central
4-30
1
3.40%
.4-30
Bliss
5-17
(quar.)
(qQar.)
12-18
6- 1
6-
,
$$1.37%
& 80ns Ltd. class B
50c
-
12-23
$15c
$$1.12l/2
$7%c
5-15
$3
5-31
Corp.
Agnew-Surpass Shoe Stores, Ltd.
Aircraft
Radio
Corp.
6-23
5-15
Birtman
3
1
______
6-30
Blauner's
7-30
6-15
Share
(quar.)
New
4-30
lnc:-4>.;'*.•>'C/v.?
preferred
Central
5-15
r'
these being given in the
'"//:.
Alloys,
convertible
Adams-Millis
12-18
$5c
each
1
4-30
90c
.
12-23
4-16
4-30
this week,
Company
Aluminum
Louisiana
1
4-30
$1.50
,
Name of
•
Acme
Hudson
Central
1
One
give the dividends announced in previous
weeks' and not yet paid. The. list does not include divi¬
preceding table.
Coal
Central
5-
(J.)
Tractor
Central
preferred/ (quar.)/_i:_'7 $1
$2
$5c
common--__7/_Zi.___/
Light
Corp., common
preferred (quar.)
9-24
5-
Hedges.
4-10
6-10
4*26 7
$ 15c
•'•
(quar.)
&
6-23
60c
5-14
6-
we
dends? announced
Caterpillar
Paper Co.,
Co.
a/4-15-/-'
,
5-' I
$15C
'
;
Lumber
Co.,
Paper
Power
6-30
Class
5-15
7
25c
$1.12%
&
.
j 'f
'
Inc.w_/_—
9-30
—
&
(accum.)
Western
Estates,
$l
1
—
class A
;
.
4-10
5-1
$15C
$1
./:/
Best &
.
;
f,
5
$2.50
(quar.)
-
Power
Bertram
-
WortMirgtom Pump ^ Machinery Corp.^
New 1 common
(initial)
,
4-
A; (quar.)
___22_____________ // $25c
Company (quar.)
-__i_2___22.//j/ 50c
Bigelow-Sanford Carpet (stock dividend)—
6-
$1.12%'/
quar,i____7___.._
1
—____—,
$4
Co.,
Co.
Gossett
&
Benson
6-12
25c U7 6-
coinmdn.;__i_7—_ :V;v:
4.80%: preferred; 'initial
,
5-
Corp., common (quar.),_^
' 7, 8c
$6 preferred <s-a) _____——2;—//• '.•/ $3
Benrus Watch Co. (quar.)
20c
4-
5-15
7 10c
.
81.12%
_________—.—_—
Co
5-1
+5c
•;.
/ /;/-»
__/—______—■
preferred
5%
$1.50
(quar.)
1
1
'
,
j
Celotex
____________
30c
Light, 4%% pfd, (quar.)
5
—$1.50
(quar.)
Beneficial
6-10
-4-15
37%c
2
preferred' J quar.)
3,e0i%, :pref^iTed' rquar.) __-_2/_;_f__722t_2_
.
Wisconsin Power &
Bell
5-107
10c
77 .&%
■
4-
_
5-14
10c
7
1
Ltd.— y/2,/7; /'."■■:/)./;
Class A
(quar.) —$37%c
Baystate
Corp.
(quar.)—______—
7,
35c
Beck (A„ S.) vShoe Corp., common (quar.)
40c
4%;% preferred ;,(quar.)
$1.18%
5-14 7
6-10
Mfg.
Bathurst
,
Whiting, Corporation
7, WiWox- Oif cor.7quar.:)^-i-/-2i-_t
Wisconsin Eleelrid- Power,
5-
75-
(quar.)
Batw & Innes, Ltd..
5-12
:'7: 6-
',
;■ QaarterIyj72^__^_4/;^/__yi-.i7-:27-_27X--'
4-19
62%c
Porcelain
Oil
Baraco
'5-14'
6-
,
;
4%
$1.12%
(s-a)
(quar.)
Fund,/Ltd.—•
——
preferred
Carolina
•
:/yM'v7^//.v/;77;v.2/''
Rubber
Barcalo
j,
1*
5-15 7
6-
50c
•
$7
Carpenter
4-26
"
(quar.)__77____
(extra
4-19
>
.
4-20"
1
Co.—
Baldwin
6-15
-10
7 5-
$1.06%
Mfg.
4- 9
5-
(quar.)_________—
Steel Corp.—
preferred (quar.)
convertible preferred (quar.)
convertible preferred (quar.)__
7%
5-19
7*
50c
.
Dental
5-
25c
convertible
7%
7%
.
»*•
$56%
Geld
Baltimore
,
$1.06%
(quar.)
0%
5-14
6-
Ltd.
preference
preferred
7, 0% pieferred
6%. preferred
5-14
6-
,50c
Inc
Capital
Wiborg Proprietary, Ltd,— 7-v'•//y;
.Baldwin,
4-30
:'4-15
5- 1
$2.50
Syndicate, Inc. .jihcrea«ed):7-—
10c
Verney Corp.;,.i quar.I
_7_i—
^25c
Vogt Mfg. Corp.. iqiuu-.i
a*7 20c
Wait© Amulet Mines, Ltd
(W
*+')**■ Wi,
;
$30c
Wayne 7 Knitting ,:.MIUs___^^_7744:_.//77J^_ i'i'7,7."- 35c
7 Wellman Engineering
15c
West Penn Power—,-; ;7'>
7i%'\
$4.20%;; preferred B (iuitial)7/w^/Lxi!_X7
52 %c
West Virginia Coal
Coke_Y.^__4Y__iiati/
135C
West Virginia Pulp & Paper— .,
,7 v//7 :
4%% preferrediquar.l—
$1.12%
.7 50c
Westinghouse Air 7Brake~.-_
Weston (Georgei Ltd.; 4% % pfd, (quar.) 7/7 $$1.12%
Whites?(Si S.)
9-18
71'
;;
preferred ;,(quar.1 .i7k;_7%7_7
Universal Pictures,- 4% 7r preierred
(quar.) _v
Canadian
6-25
20c
_________________
preferred
4-15
60c
(quar.)_J/.//71/^__/^//
'
Mines, Ltd. (quar.)
Austin Nichols & Co., Inc.—- ','.v-';/./7 ;,7>^
Convertible prior preference (quar.) ______
Avco Mfg. Corp., $2.25 preferred (quar.)—•
5-13
53c
.
&
5%%
7
(monthly)
7
Steels,
Ault
4-22
5-15
•>.&^SpecialtyiVlcomihbn^yili^>'^c 10c
Co..
Atlas
4-22
4-29
(quar;)i_7i'777-i7^__7:.,-;;:-;;v7 50c
Venezuela
1
Aunor
,
6-25
7-
Refining Co.—
/y//.;
4% convertible preferred A (quar.)
3.75%
preferred B
(quar.)_
Atlas Brewing' Co.___,
Atlas Plywood Corp, (quar.)
Atlas Powder Co., 4% conv. pfd, (quar.)__
4-30
50c
*•
7
convertible
Raalte
5-
5c
Extra-7_-:-_7___^r7_'7__7777_;i7_-7j7..7'7777_y'J--A;7,''*;,
United y Utilities
5-15
20c
_
4-15
7-.
Atlantic
'7
6% prior preferred 0nonthly):^i,7_7l7
U. S.v Hoffman Machinery Corp.—~
,v
■774V*.% participating preferred .(quar.)
Playing Card
4
15c
Co.-7yJ:jj;7;7.7'iN
5-
75c
Atlantic Coast Line Railroad
non-cum.
5-
50c
Canadiaii, Oil Cos;, . Ltd. (quar.) _______^__
Canadian Utilities,. Ltd., 5%
pfd. (quar.)__
Canadian Vickers, Ltd.—
7
/
$1.25
(initial)
Atchison Topeka & Santa Fe Ry
Atlantic City Electric, 4% pfd
4-30
6-
;
:preferred7.(utdnfhlyi^7j^777U__;i;;^ 'i
(quar.)
1
5%
(quar.)____7__7i._7„7_. V-
prior preferred
.4-20
$22'/2c
2
"4-29
200%
f
Co,;
5-3
7
$2.25
(quar.)
6-
5c
(quar.)
United Light. & Railways
1
preferred
25c
•
4-20
__
4-29
5C
laccum.)
1
Salle Street -Corp." (quar.)
3
Electrical
preferred
5%
common
'
9V
4-20
5-
$3
common
4-16
..
.
(s-a)/// /
Lamp Co., Ltd.—*'
Quarterly
Quarterly'
.Quarterly
'
—
Gas,
Co.—
4-30
1
»
(initial)
A
4V2 %
7
—
.par
4-
5-10
(s-a)__
Natural
4-10
4-29
••■
shares
Motor
$3
7-
75c
4-30
(s-a)__—
Inc.
Telephone
(quar.)
$1
preferred
4-29
,$18.80/.;'
"
—:
Investment
Canadian
7
$1.25
4-30
$1.80
Cement .(quar.) /l/»./•<.'+.
Insurance* Associates
Special shares
1
5-
Industries, Ltd.—
/
;7 ",y
;;
Ordinary
registered
(final)7
7%%
Bonus j _7___—2%%
Associated Telephone Co., Ltd.—•
1
5Cc
v
7:6-
50c
—_________
preferred
Class
5-11
$1.75
1
5-28
(quar.)
Associated
5-11
6-10
7-
40c
6%
>
;
4-30
I2%c
Canadian
,
50c
$1.75
/
common—_______
Arkansas
1
6
3-26
Ordinary
common—
Argus,
G-
12-
4-26;
$1,816
4-30
$$1.25
Co.
Co.
12-15
15c
'
5-15
•
■/ /■
Argus Corp., Ltd., common (quar.)
4%%
convertible preference (quar.)_____
1
(quar.)__^___
of.
9- 6
$1.75
(quar.).
Common
,5-
6-
'quar.)
dividend)
9-15
4-20
$10c
;quar,)__v
held_.
.
$1.75
■
5-15
■
_
5-' 5;i
6-4
1
5-
>
5-15
5-20
$1.10
6-22
2
f
6-15
J_
Corp.,
Common
V
United Cities Realty Corp.—;- ^
7:7
7 v* 5%
preferred --- -taccum.) ._7j77_7l'7_7JJ7-__- '1
Van
1
4-30;
60c
,
Union; Storage
5 (/a
5-
4-20
$3.50 preferred
(stock
Power
208 South'La
;
1
5-15
tquar.)___
shares
share
(John
Water
&
6-
4-30
30 %c
Co.
...
4-20
7*
10c
Co.__
6%
Torringion Mfg. Co. (quar,)
;r:Extra
Trane Co.(quar.) 177
Tudor City Fourth Unity Inc.—
U.
5-10
v50c
Shovel
6.36'/e
5-14
6-10
15c
.
Thompson
6%
6-15
5-1
.
22 %c
(quar. J
Insurance
7.
I
4-15 '
-5-14 /;.•
62»%c
,
,
4-20
25c
Anglo-Canadian Telephone Co.—
: r J
;
4%%
preferred
(quar.)
Animal Trap Co. of America, com (quar.)_
5 %
preferred (quar.)
Appalachian Electric Power Co.—
4%% preierred
(quar.)
4.50% preferred (initial quar.)
Arcade Cotton Mills, common
(quar.)
5-31
87 %c
(quar".)c_^Y___J.,;
of Kansas.
4-15
1
$1.75
■
Fire
4-15 7 A
1
6-
62 %c
1
5-
16c
7
(quar.) _'
:
5>
$1 preferred : (quar.):_^_/______/_i/-.^/_i*—;i;'.'"':;7 25c
$1.20 preferred
(quar.)
30c 7
American
4.-15
6-30
-7_7__7_'_iJ.i.l777J._7'_\
lor
Tide
4-24
■
Pacific
Two
8-
40c
(quar.)'_________-_7__:i._v^Y----':-:
Extra
Extra
1
1'
$25c
Corp.
Tennessee
Thew
55c
-
(year-end)
Indiana
1
5-
$2.50
.preferred
Jlu7____.
Zinc, Lead & Smelting Co.—
$5 prior preferred (quar.)—
Amoskeag Co., common (s-a)___—
$4.50 preferred (s-a)__
6-15
V77/ 50c
10c
of
5-
L_'_'
(s-a)
7,:'"7' 'l1,
(quar.)
common
(quar.)
■
75c
<
50o
815c
Canada North West Land Co. (liquidating).
$$1 :
Canadian'^Breweries, Ltd. - (quar.)
$50c
Canadian Bronze Co., Ltd., com. (quar.)___
1 $50c
/5% preferred (quar.)
- - $$1.25
Canadian Converters Co., Ltd. class A (quar.) • $18%c
Canadian Food Products, common (quar.)
$18%c
7 Class
A
(quar.)
—:
—;_
J. $25c 7".
4 % %
preference (quar.)
$$1.12%
Canadian Industries, Ltd., common (quar.)
?17 %c ;;
Canadian Insurance Shares, class A (irreg.)''
$$l-.50
Canadian Investors, Ltd,
HOC
(quar.) ______/—/
Special
.;; >715c'
4-15 /.
„
(quar.)___
(quar.)
Stove
Viscose
%.
25c
Corp.
Co.—
preferred
/
De-
b%
5-25
-
common
of
(quar.)/
(participating)
Smelting & Refining,
American
3-22
6-
SylvaniJc Gold Mines, Ltd. (quar.) ___J.
Syracuse Transit Corp._______.______i_
Texas
7%
6-15
6-15
——-
Oil
7-
7
of
rate
Preferred
American
6-15/?,
6-15
(quar.) 7777,7. .,-i;J^J77J':7:.i.:7
Co.
Standavd Oil Co.
Sun
6-15 7
Investors
Standard Oil
Stouffer
5-14/
7-
20c
(quar.)
Ltd.,
the
share
(quar.)____
Seal-Kap
Edison—
Standard Chemical,
preferred
American
/'
4-14*
hut
(quar.)^___
Service
6-
quar;)L__
;
5-
1
37 %C
7%
$$1.06%
Southwestern Electric. Servicer-" ':.'
4.40 7c
preferred
(quar.)
Sovereign
at
common
prefen-ed
American
25c
;
Works
1
5-
5-
7%
American
$1.25
'
6-
.Common
,■
.
Frac-
issued,
Co. (bi-monthly)
Paper Goods, 7% pfd.
5-14
35C
common
(quar.)
Co.,
5-20
7-
be
l/75th
Marietta
6-
(quar,) ___ $81.12%
Carpet Co.—
preierred
Lathe
preferred
American
'
-
5- 7
stock.—
6-
preferred
Sons
each
held.
;
5*
$20c
__
(quar.)
0-2
1
-t^r 4-15
1
-74-16/ 7
5-
$370
(quar.)
'/.•4^%;77'/ '
e-ia
$20o
Campbell Wyant St Cannon Foundry____z__
Canada Northern Power (quar.)
'
•
1
••
capital
American^News
*
30c
(quar.)
Co.;
convertible
South
'1-15'
$1.25
-7
preferred
•
7-15
2
'
Common
3 Vst Ve
2
8-
$1.25
not
distributed
be
for
$1
(quar.)
Sick's
will
26c
St. Joseph Stock Yards Co. tquar.i___J.___.
Scotti Pap'-r Co.,
j common
(quar.)
f. $3:40 preferred
(quar.)_____i_7
_7_"
-
8-
5-14
7,
X
;
7.
Camden
preferred (s-a) _____________________
American:' MolafSes
Co.,._—.—
;
4-20
4-30
shares
Co.
Portland
7" Special
California; Water &
10c
______
5%
15c
„7:.^7_^_
•„.._r^7——
Corp
5-30
will
Edison
75
each
Edison
American
25c
(quar.)w
(quar.)
6%
4-20
5-
6c
,
Detroit
shares
27 5/6c
troit
1
7%C
"...c
5//o. prior .prdcrence.Iquar.i
Rocky Mountain Fuel .Ujq.uldat.ingl
Holland Paper Co., Ltd.—
,7. ,
:
4*4 % preferred,
iquur.'ji7_Ti_7'_U
,J
1
6V4C
Works
Rock wood & Co.;: .Common -fquarilLii-Zi
1
of
for
tionai
4-26J
7-
(quar.)-__'___-/iL:_
Rochester Gas & Electric Corp.-/.
';
i
7 > "- 4 %' preferred series F tquar;) ^::iLyL^_
Rockwell M.g. Co.. <increased).__c/7.yZ:;____
'•
A
'•
Republic Drill &, Tool,-5% prior, pfd. iqiiar.)
;
:*. v'y 6% pre-erred < qua r.)
/^
/;
:
Republic Investors Fund, common-J/__/f_
\ / ••;••
6%7 preferred A«(qua r< )u. ~i/«///£/£-;.»./L
///'. 6% preferred B (quar.)
Cedar
stock
7
cash
9-15
5-15
$1.18%
share
One
6-1"
25c
Owl Stores, common (quar.)
>4% %■ ,v preferred -A/
(quar.l-.^/j-'-A-.Z:/.™
Richmond
6-15
10c
Red
■*
California
American
1;
Power
.10c
•
,
(quar.)___
com.
5% preferred (quar.)
75c
7-
6-15
(quar.)
•
conv; pfd.
7-15
20c
—_____
Ltd.,
California
6-
62
40c
'
Co.,
$3
(quar.)_____
(quar.)
:
100%
J//:/
(quar.)
conv. pfd. (quar.)
$2.50 conv.. pfd.
for
Quaker State Oil Refining
;c6rp^i!ZKl-^.-.-Railway & Light Securities, comrno'i • (guar.)
j - Extra
7,,- 4% preferred
•.
(quar.
4-23
&
Lightiquftr.)/___i
Puget So and FiUp:$ Timber (stobk dividend)—
:;
American Furniture Co.
1.
Per
Share
J 777-
Products
California
1
—
"
7"#r preierred
7 Puget Sound Power
,
American
American Fire &
i<iuar.)
■;:' ■;7 7
■
1st preferred (quar.)
80c 2nd participating preferred
California! Electric,Power,, $3 pfd.
i
"
(quar.)
Eleetric
•
Caldwell Linen Mills,
5c
Can
Cable
<
4-12 ;
4-30
(quarj.—
Co.
i
*; 6-1
:
25c
50c
t
7
$25c
•12M»c
«
$1.75
,
Corp.
4-30 J
'•.. •'•
■.
Buckeye Steel Castings, common___
.
7 • 25c •
/. .6% preierred (quar.)
$X.5»Bullock's; Inc., 4%. preferred, (quar.)-v'*$1 ■
Burroughs; Adding*Machine, (quar.)
15c
Butlbr Brothers, 4%% preferred (quar.) __w
$112%
Byers (A. ?M.) Co., 7% partlc. pfd. (quar.)
.
$1.75
Byron Jackson Co.' .(quar.)
•
35c
i 5-15
4-20
$25c
(quar.)_
preferred
5-
5-15
vj-?oc,;
______
.£• Princeton
3-17
5-10
30c
'
-y
preferred -(quar.-) ___U-*
■
4%
-
4-28
(irreg.)___7___l.
(quaf;)
'7y7,
\y.
7,
5 7 " Name of Compaiiy -' "7y
Payable of Rec.
50o
(Aa.Si)' Co.' Hquar.)
Aluminum CO; af Canada, Ltd.7-
4-15-
4-21
40 '/o
Share
Aloe
iH-
4-26
< special
/
'".7
7
li—
5-20
1
4-30
^
Ponema.i Mills
of Company
Alabama' Mills
5*20"
6-1
$1.06 V.
..
Name
Payable of Rec,
25c
.
<44^5
A
':(■ Pef
Holders
When
1
y Name of CoMpany
y
.
Parkprsbufg R'.g kReel, ,commcu)_(quar.)
-V
i •!
7,' / j
11 '••',
6-1:
6-
1
.5-15
•
775*^;
A-aa/I!
,4-15
■''■//S-fS Sli
'/7/77a
1
;,7#7S
COMMERCIAL
THE
(1846)
50
FINANCIAL CHRONICLE
&
*
Per
Name
tSora
Trust
Bank
Exchange
(N.
Co,
70c
5-
4-20
Franklin
90c
4-26
4-
Freiman
25c
5-10
5-1
25c;
Refining,
Cfown
Cruitt
Drug
5-21
4-
5c
4-26
4-15
$2
6-30
6,-14
—__-___
Seal Co—
(reduced)
Co.
3%
Forster,
to
,
___
i
.
——-
preierrcd
tquar.)
1
;% preferred (quar.)—
*
preferred (quar.)
Cuban
Culver
7- 1
Extra
6-1$
0-30
•-17
6-18
Fulton
Semi-annual
5-
Gardner-Denver
6-23
1
4-12
1
5-
1
,
m'/aC
6-
1
5-
1
Stores_____i
Delaware Power to Light
Dennison Mfg. Co., class A
Voting
$4.25
4-12
General
Baking
4-26
4-12
General
Cable
Corp.,
5-
1
4-20
General
Cigar
Co.,
25c
conimon-t^^
stock
(quar.)
6-15
7%
4-28
4-26
General
4-26
5%
1
7%
7%
7%
• 1.75
Denver
Stock
Union
Yards
.
Derby Oil Co. (Kansas)
Detroit
Gasket
to
preferred
6%
Match
Inc.
Diocesan
______
5-15
General
6-
4-26
4-12
Investment
Preferred
Trust
________
General
1
8-10
General
4-16
1
4-14
5%
4-30
4-20
1
4-15
11-
Shoe
....
2c,
...
5-
15c
3-30
4-30
4-16 (
25c
..... —
Bridge Co./ Ltd. (quar,)__._.^_.
Co., 0% pfd, (accum.)
5-28
!
9*
Krasge (S. 8.)
4-
5
Kress
5-21
*5-
4-15
4-27
A
(quar.)
B
(auar.)
(quar.)_
3-31
4-16
LamSton
5-
4-
15c
1
4-15
$75c
:s- t
4-15
Globe
$37%c
5-
1
4-15
Goodall
$25c
5-
1
4-
0
1
7-
1
4-15
preferred
Union, Inc.
(quar.)
(quar.).__—
25C
01.25
5-30
5-
1
44-
(quar.)
DOlhiiiion
Oilcloth & Linoleum
Quarterly
.
$250
8-
1
$$1.25
5-
1
$$1.25
8-
1
7-
9
4-
0
7-
■
9
>
Co.; Ltd.—
Grafton
$40C
4-30
4-
$28C
...
...
5-20
4-10/
1
Dominion Steel &
Grand
Coal Corp., Ltd.—
(special).
Dominion Tar & Chemical, Ltd.
Common
(quar.)
common vtc (quae.)
Class
B
...
$28c
Ltd,
(quar.)
8-
9
4-10
4-26
4-30
5-15
5-
6-15
5-14
Dticommun
Metals
to
Supply
Dttptffa Freres. Ltd., 4.80%
Duquesne Brewing Co.__.
$250
...
^
17c
•%
B
Hancock
5-
1
4-23
5-
1
4-15
Harbor
EkCtf
4% %
9-1#
9- 1
fi-
1
4-15
8- 2
7-15
$15c
8-
5-15
1
4-26
5-
1
4-14 >
i.
6-16
•1.90
0- 1
1
>
Co., common
(quar.)
(quar.)
Co., class
Corp. (stock
share
for
A
(quar.)
dividend) —
each
(quar.)
Williamsport RR, (s-a)__
convertible
4%
convertible preferred
Equity
Corp. $3
20c preferred
pfd.
8-12
HOlly
1
5-14
5-
4-30
4-15
4-30
v:';;:
40C
•26
6-30
Hormel
5-7
Inc.
Horn
5-
6^
(quar.).
•1.25
12-
5-
4-26
50c
$1.75
4-
4-20
;
5-
1
4-10
$2.50
.
T- 1
6-15
10" I
0-15
'
50c
5-
500
—_
8- t
7-15
4-30
4-19
20C
I
4-15
ls-aP
$•1
8-16
(accum.)...
Federal Grain, Ltd, 6%% pfd.
Federal Screw Works (quar.)
each
f$2
5-15
4-30
250
6-19
6-
8-12
common
4%%
convertible preferred
Flbreboard Products, Inc. —
50o
(quar.)
•l.oevi
4-30
1
4-20
$1
20c
.
'
,
5%
;Vy
(quar.)_____._l___..__4__
(quar.)___.__.__._._.I_._4
preferred (quar,)_._______....__._ii.
Huyler's, $2 partic. 1st preferred (s-a)__._
$1
2nd preferred
convertible
01.25
4-30
4-20
6-
t
4-21
4-26
4-18
Imperial
4-15
4-30
Ziho
Co.
Field
$1.50
(quar.7
(Marshall to Co.) (see Marshall
Field)
Fllene's (Wm,) Sons Co. (increased
quar.).
Fire Association of Philadelphia
(s-a)...
Firemen's Insurance Co. of N. J. (s-a)
...
70C
'
V
$1.25
5-15
4-16
25C
5-14
4-15
7-
5-
...
First York Corp. $2 pfd. (s-a)
.
Firth Sterling Steel to Carbide
Corp.—
$1^,
Chemical Industries, Ltd~^
deposit receipts (final)
(quar.)..
Fitchburg Gas to Electric Light
(quar.).—
5-1
4-20
69c
4-26
4- 3
(quar.)I—1
Foote Bros. Gear to Machine
Corp.
Conv. preferred
7
$1.75
Wrtury-Bissell, Ltd., 5% pfd. (interim)
Florida Power to Light, 4'/a %
pfd. (quar.)
Ford Motor Co., hit
1
$25o
f *
r1
■'
;
Stock
and
4-20
International Nickel Co.
4-30
4- 7
i
6-18
4-27
4-17
convertible
'
$4c
.
•i:Y*
r
r'
i-4
'
I
'
J
>•;.
11-24 J
$ 1.10.3-10'49/
50c "
0-10
'■
2-24 1
•>34 ^
At\
O
88c
,
4-17
1
4-12
5-
•
6-14 a:-'
.•
ji*
5-15
dividend)•
200%
pfd.
• (quar.)—*
t
Co.
&
Tnjit-_A—r——!i;
Co.
4-16-
5-15
r.S
5-
class B
55-
■'
2
$106
,
(quar.)
Corp.
Electric
Co.-
Porcupine
Stores
McLellan
Co,
(quar.)
Mines,. Ltd.
(quar.).
(quar.)—;
4-15
•'
,
4-15 ; .
•
4-15
J-::"-:
5-
1
5-
1
4-19 to-..
6-
1
5-
5-
75c
1; 50c
$50'/4C
256
______—
'■■■'■
f
4-19
1
5-1
$1.50
(quar.)
'.
M6S
4-19
■
1
4-12
1
50c-:''
5-
1
1
4-19
5-
I-
4-19
Corp.,/,
Melville ' Shoe
common
.
,
..
•4-15
5-
1
5-
1
4-19
4-30
-
.
4-26," ^
•
5-10
•
'4-17
.
.
5-1
4-17
6-1
4*t1:'
8-
l
.
■
0-
1
4-15 /
5- 3;*.
6-
1
5-18
4-30
:
4-20
.
.;
"
12-30
12-20
1
,
; 5-1
4-15
6-23
Common
$1
prior preferred- (quar.)
Missouri Utilities Co:, common
...
"
Montana
Plan
$2.25
(quar; 1
Co.,
Corp. of
preferred
convertible
5%
A
preferred
(quar.)
25c
0-20
3
P-2o
2
'9-14
6-
,
—;—
America, com.
Co.
com.
(quar.)
preferred
Diablo
Mount
Oil
Mining
&
•
■
;
5-
5-
8-
7 /V
4-20-
1
5-20
62%c 1
;
4-10
6*1 '
*
45c
.
'4-12
4-30 : "
5-
1
Ml
4-15
1
I
-
-
5«; V
56 %C,
(quar.li^-.^.—''
'
!>•.
5i-*T
6-1T 5-10
'.56
,
(s-a)_____—___
)
v
-
f-14
5-15 ;
37 %0
(quar.)
'
4-15 '
:«;/•
$1.50
(quar.)..
4-30
4-30
$6
Co.
&
MorrisOn-Knudsen
4-15
5-31
Power
(John)
Morrell
3-30
5-31
7- 2
10-
0-1-:
3-23
4-17
6-39
9-26
*5-1.
4-23
4-30
A.
(quar.)
I
10-2
25C
25e
$1.25
preferred
5%
4-23
'
>7
,
.
$1.50
Mississippi1 Power & Light, $6 pfd. (quar.).
Moody's investors Service— : ^
• ;
! ' /
.'%• 75c
$3 partic. preferred (quar.) ___.___iA__._i
Monsanto Chemical Ctf.. $3.25 pfd. A (quar.)
$1.62%
5
4-30
'••)
7-2-
25c
A
prior preferred, (quar.)J-
$1
.
r
4-20
4-30
...
:
"4 5- 3<;
''
25c
Common
:
4-26
256
60c
■
„
^
A. 4-12
5-
Extra
■:v
-:i,
•
Development
lc
6-
3
'
5-15
•
5-
1
$1.12%
6-1
t$l V5
4-20-
5-1
$1-75
5-1
7"
4-20 '
.
■
,
Royal
Rice
Mills
5-
1
5-1
22%6
0-1
preferred
(quar.).
4-15
}
5-12*"
k
%
6-1
9-
,:,0L78.;;:
"
1
y
ilWrphy
v
01,75
(quar.).
preferred
Munising
"
7%C
( $7
$7
4-
4-30
t8c
Mfg. Corp.
Paper Co.,
(G
C.). Co-.
5%
preferred
(quar.)i'
256
(quar.)
Muskegcn Motor' Specialties
i-, $2
class* A: (quar;)
5-1
7.
,
Oo.A^-»r
_—.—____—
.
t
5-15
4-30'
tnvii
(quar.)
Extra
MUlliris
'
^ 5- 5
'6-'3
16
Mount
;
4-15
5-15
'
'
8-14,.
v: 4-20
6---1
A"
506
r! 6-
1
■
,'■■•'
;3-3tt/
1 '/
5- 2
$156
Grain, Ltd.,
£.'■
y
■
4-26
6-
%
•
9-15 V
; f1-15
> 4-19
4-30
34c
3
4-23
■
•
256
;
^
;
4-' 9
1
5-
.
,
4-79 v
)
75c
(quar.)__
Co., $3 preferred (.quar,)
1st preferred (quar.).
...
,
/ -4-19
4-30
4-30
(quar.)50c
Kaiser
McEwen
:
—
/*.:y
•4MS
12-1
(irreg.)
-
1'
5-15
.
f-■
4-16
6M5
,
7c
18c
: :'1
,
r.';v/:V.
4-30
:
5-i
-
37'4c
.
•
5
5-14
•
$1.06%
(quar.).
A
9-
-
5-19 '
-'Ac-
•
A
S.'J-.V;.'
0-2l
5-14
-
$1.06%
■
-
k<
#1.75
—
|A
5- 5
7-1
10c
4'A%
i
>'
5-15
$1.06
f
& Co.,
3-
V
•
■■■
■■
i__>
(stock
v,
4-34
:
^H.:!
50c
y
5- 1
5-1
•
$2
$1.50
•
6-1
McGraw
4-15 v
t«%0
,
(quar.)_______^
International Utilities Corp, (quar.)..__.^-.
.
.
,:
5-15
--
6-1
■
(qnar.) !—:— y '
45c
4%
preferred' (quar.) -$1 ,
6- ?
4-15
Merchants & Miners Transportation Co.—
.
^
5-15
4-24
Initial liquidating
540
5-15
4-24
Mercury Mills, Ltd. (quar.)
$25c 5- 1
4-10
Meyercord Company
(quar.) —
—-— :/20c
5- 1
4-15
Michigan Bakeries; Inc., common (quar.) j..
•
20c
.4-15
4-26
7% preferred
. $1.75
$1
non-cutn.
preferred
(quar.)
—!
■
25c
Michigan Gas & Electric
4-30"
4-16 > " '
4.40% > preferred (quar.) _____—):f ■ $1.10 -.
5- I
*; 4-20
*.
Mid-Continent Petroleum •. (irreg.$1.50-^:
5-15
5- 1
y.i Mid-West Abrasive Co. fincreasedC-r-'. ; 5c )
Miles Shoes,' Inc., .comrnon/'.('q»jax.) k;;-><• 20c
6-30
6-19
; "*.
4% %- preferred :.''tquaT.)i^^-iici^X_i--;_^' ;$1.133/4 .
9-30
9-20
Miller & -Hart, Inc,
/'.iS' "
6-
$256
(quar.)
Co.—«
•!
.
-'.
v'
•;V., 6-19
5-20
.
preferred
f-14.
1 '
5-
5 -15
50g
.' Mclntyre
2
Canada, Ltd.—
7%
6%
87 %C'
87%6
.
li
'
6- 1
'
1
1
6-
.
RR^,
<quar.)
Realization,
McCall
4-12
_____
of
5-
25c V-'
r
8
6-30
256
15c
V'
6-25 ■y,f: 66-19
12%6
InterchemiCal
preferred (quar.)
preferred ($5 par)
International Resistance
4-14
6- 1
750
75o
.
;
'
'
10-23 *
5- .1
"
8 7'AC
87'Ae
;
Class -A
4- 9
group_____
7%
,
7-24
-
It- I
;
50c
50o
(quar.)
Company
Morris
Corp., common (quar.)
4%% preferred (quar.)
International Harvester Co. 7% pfd. (quar.)
4-15
30c
.300
common__________—5c
May
3
20c
bond
a
Ltd.—^
5-11
6-
;5-
4-
Products____
Shares,
4-23
1
'
Massachusetts Investors
,4-20
'4- 9
5-27
5-1
group
4-20
prior preferred (quar.)
Ltd..
Sfceel
Aviation
A
Co.
H.)
(R.
McCabe
506
1
4-30
■
Petroleums,
Indiana
i
J.
4-15
5-1
(quar.)
10%
■
:Feeler-wheeier corp.
Star
preferred
4-19
6-l>0^1'
..
Maytag
5-1
,
5-17
•
preferred
(quar.)^
M. to M. Consolidated-^.
%%
7-20
6-23
5- 1
"■:
ordinary (annual)...
t
~
$2
5-18
18c
4
;
9-27 s
4-19
30C
300'
-
Marshall Field
4-15
5%;
imperial Tobacco Co. of Canada, Ltd.—
4%
preferred (quar.)
incorporated Investors
Indiana Associated Telephone Corp.—
3-3*1
6-10
5-17:
30c
.
Insurance Co ; (Philai);.(s-aji.
County Gas to Electric Corp^r--'
•
Mar-Tex
6-15
;
4/ 156
'
4-30
Common: -J-_4l■ 5c
5-
■
15c
$1.12^
com.
—
Extra
Institutional
preferred
5-28
62 %c
(quar.)
,
4-20 ;
256
preferred
Maltine
5- 1
m
'
^
: -
Maple Leaf Milling Co., Ltd
y
;>•» 4-20;
•j 5-20
,
,
4-15
1
25c ;
Special !
Macy
,$1
6% convertible preferred )quar.)____
Illinois Terminal RR. Co. (quar.)
Illinois
4
506
Co., common__.—^4________
4% preferred- (quar.)____^_
,
Illinois Powef Co., common
(quar.t.
..i.
5-
506
Corporation
:
(s-a).
Power
■
—
206.
•1.25
$1.25
preferred
preferred
6%
Idaho
■
56%C
f
American
6% prior preferred (quar.)
Fidelity & -Deposit Co.of Maryland
50c
(quar.)
'
________ —
$1.50
$y\-r
$4 pfd.
held..
share
5%
$1.50
(Syra¬
^
Y.)__
(N.
Hussmann-Refrigeratbr Co., comhioh (quar.)
$2.25 preferred' (quar.)
Huttig Sash to Door Co. ■•v-er'-.'-
4-15
1
Co.
%C
(Harvey),
for
4-14
1
5-
30c
Inc.
(stock dividend)—
One additional share of common ($5 par)
8
5-
:
(quar.)
Light & Power,
Corporation *
.1
Corp.
5-20
62
(quar.)
(quat.) ___.y_l_.___L.
Mfg. '& Sales
5-20
25c
'.
Insurance
Nashville
to
M.
506
;
6-15
$250-
.
Steel
4-24
6-25
$1.12% /
4__.
4-15
■
y.;^'2
Macoi!
4-24 i
/ 7-30
$1.06%
common
4-15"
-V v
RE.
Macco
25C
V
1
' •"•■■v
•-
Taylor,
Lumbermen's
4
4-16
1
5-15
256
4
Co.,
Hardart
Hubbell
11-15
$250
1
;i 5-15
4-30
I*
■•.
$6
(quar.)
&
preferred
&
Hoving
8-13
r
Federated Department Stores,
7
9-
35c
Fedders-Quigan Corp. (quar.)
~
Federal Fire Insurance Co. of Canada
FOUf
*
25c
r
4-laA
5-
■'
'
4-16
.
.V41.65 ;
(quar.)
(Geo.)
Houston
5-14
•2.50
Park,
12-31
1-25-49
6%
7-
________
Inc.
Horder's,
•1.25
.
preferred
3-31
$1.25
Quarterly
■
5-
%6
&
Luzerne
8
5-
4-26
$1 -r
preference..
1
'X2c
'.I../—
4-8
4-
5-15
8C
4
1
5-
(quar.)
Life
4-15
V
^.4-30
4-30
356
(quar.)
4%% preferred (quar.)—_.—...
-26
75c
.
______
Quarterly—,
rv
•_
$1.25
______
5-
50C
96 %C
(quar.)__
Olass A (quar,)
Ludlow
;
10-20v
5-
.
Hoover Company com.
$1
(quar,)—..
(quar.)—
-
$1
•1
Farmers & Traders Life Insurance Co.
$4.25
4-16
.
1%
>.
93%c
^
(quar.)
Ltd
Lukens
;7-20
.
,
Common
•
-
4-30
5-1
$3
& Libby ?(s-
Miami
4%%
4-15
$1.12%
15c
Hooker
20c
•''■to',,
4-15
31 %6
Stores, 5% conv. preferred (quar.).
256';"
Sugar Corp. (quar.)
^:'4: 30C
Electro-Chemical, common......
4-20
1
10c
A
Holly
1
V 25C
.
Corp.,
convertible
6-
..
_
4%
5
5-
_
Fashion
6-
Hotels
4-15
86 % C
:*
I V
'"I'/.fv
4-20
'.'•■8-
256
Company
preferred (quar.)
6-
Pipe Line Co._A
Fdbe# Coe to Gregg, 7% preferred
(quar.)
Fairbanks Co., 6% preferred
(quar,).—.—.
■:
Hilton
25c
Eureka
N. .'Y.J
Higbee
4-20
$1.25
.
Inc.
4-20
$1.14
....
(accum.)..
1
6-21
15o
....
>
5-
256
4-30
7-i»
10-16
6-
•
506 ii 9-10
(quar.)
0'24
506/42-16'- 11-24 1
Special Guaranteed" .(quar-;)
Iff
2<s24
600-,3-10-49
Special .Guaranteed :'(qua.r_)
—*
5--$'¥'■ 4-30 j
Lock Joint Pipe Co. '^monthly)ti:■■%■■■', y $L
4-10
:
68%6
;
5%
5% preferred A (quar.)
_I_IIII"
Esmond Mills, Ltd., 5%
preferred (quar.)
cuse,
;" 58-
Monthly
$6c
Ldwejisteih dM,) to Sons ■:-Tr"r'
Common'; ■ (increased =,quar.)
5-15
11-
■■'■fi-
8-
11-
•1.75
$1.12%
Printing Co., common.
preferred
(quar.)
t Lbuisvllte
5-15,
$1.37%
4-15
5-
rK 5-15
6-
20c
4-30
(s-a).—
Co.r 5% pfd.
preferred A (quar.)
Esquire,
1
(quar.)..
Railroad
5%
4-15
6-
5-15
100%
preferred (quar.).
conv.
•- 1
650
—
held
share
Watch
4%
6-15
10c
.......
Furnace
additional
6-25
$iil2ya
Inc....——
Ely & Walker Dry Goods (quar.)
Empire District Electric, 5% pfd. (quar.)..
Empire Millwork Corp. (quar.)...—......
Employers Gfoup Associates (quar.)—
■rhsco Derrick to Equipment—
/
'
4% convertible preferred (quar.)..
Erte
f 6-
«
$1.37%
convertible preference (quar.).i_L:ii.__,,
Hibbard Spencer, Bartlett to Co. (monthly).
4-15
$1.75
- Inc.;
8% 2nd pfd.- (quar,) ..!.!.^.:
Louisiana Power to Light. $6 pfd. < quar.)_./
5-10
6-
37
;
5-
1,
O -Iginai capital 1.
Special Guaranteed
Special Guaranteed
L6rd
5-15
$4
5-15
21c
:
6-25,
300
!
Elgin National
tii
4-23
0-15
g«15l
10-
-
-J Lock wood-Dutchess,
■
^ 6-
-
9-10.
7-
$i.5d
01.75
C A_
i
y, 6-
$1 37%
Fowder Co., 5% preferred (quar.).
Steel Products, common- (quar.) !^. '
6% convertible preferred B (quar.)......^
Hershey Chocolate Corp., common...
21e
Electf©graphic
&
5-20 '
*!
256
Hercules
$1.25
A
0-25
5-10
506
Hercules
3
6-25
;
7-31
V
$1.50
5-10
9-24
'
:
if'
6- 1
50C
vfe
-
I
1
.
.v.'-/' 256
Plywood
.
5-18
'
6-11
'
0-24
4-15
•
9-1
Liii......
4-12
.capital/$1.10 ' • 6-10'
$1.10
capital
f- $1,10
$1,1-0
9-10
Original. capital,!
22. • 1.104 .12-10
$1.10
.
4-30
$7c
.
.4-15-
1
6-
(s-a)a__.i
pfd.
(quar.)
,
i
6-
(interim)....
3.85%
4-15
55-
Original
4-15
5-
,
a
1.50
5-15
•1.6*
preferred
Elmira
■■
Little
1'
7-1
$22M(c
$.50
5-
26c
'
Co.
Ferries,
Electric
■One
of
(quar.)
4-30
'
Link-Belt ;C6. ; (quar.)-___._.._-.^_i.4-:..-i, ;
Liquid Carbonic Corp. com, iquar.)_^_c:.^u_ ;;
3'A% 'preferred (quar.)—.'
3
1
10- 1
"
Products
Electric
(quar.).——...
class A (quar.)i
(quar.).
Steel Products, Ltd.
Sugar Associates—
preferred vtc (accum.)
Steel
Ltd.
Lincoln
$3.50
0-1
.
'i
Extra
Eastern
15
Oil Co.
Extra
Class,■ B
./•;
.
(accum.)..
Eastern
EdgeWater
Monthly
Monthly
-
.....
Ry.—
(quar.)_._.
preferred A
preferred
8-31
4-16
1
5c
•%> 1st preferred A (quar.)
•% preferred B (qaar)___
•%
S-19
$1
Street
■'.V:
'
.
Corp._.-.^_u;-i^ii-„__^--i--;«
Harris (A.)
& Co., 5%% pfd.
(quar.)
i
6 % %
preferred (quar,)
5%%
preferred
(quar.)
:
Hartford Electric Light Co.- (quar.)x^_--%Hat Corp. of America, 4%%
pfd. (quar.)..
Hayes Mfg.
Corp..
....—
Heoht Company, common (quar.
3-%%
preferred (quar.)....—■:
.........
5•;-5-
5-10,
Original
5-17
506
4-15-
1
3-26 -
006
(quar.).
National
Quarterly
;
$25C
Mines, Ltd
Cotton Co.,
1
25C
Corporation
1st
80 %c
5-
5-20
5-1
500
'QUarterly^'^.i.a.^^*/^MS.^.^.»^^Ai~.w^'''f'
~
J
4-Z8
-
256 4"
5-15
5-
5-l'5.
3-31
'
1
$2sc
Hafnilton
5C
Massachusetts
5-24
Quarterly
Hallnor
5
4-301
Co. (Del.)
Duro-Test Corp. (s-a)
Dwight Mfg, Co
Eastern
5-
5-15
Dflraloy
Eastern
5-21
1
6-15
Quarterly
0-30
7*
6-
V,' J25C
(quar.j;^ii_%
Co—
Gypsum Lime to Aiabastine of Canada, Ltd.-r-
6-
$30c
"
m
Co./ Ltd.,' class A
4-16
6- 1
'
(quar.).
40c
5
206
....
preferred
Ltd,
Corp.
Brothers,
Lincoln
>;•.. 4-10
•<'4-I5>.
4-30
5-15
6-
$1.50;,
;
6-14
6-15
$50Cr
4-15
1
6-19
60c
(quar.).—____
pfd,
;
1
4-
0-1
306
;
50C
10- 1
......
...
Corporation, common-_____
preferred (quar.)..—.......
Dfyden Papef Co., Ltd. (quar.)
4%
91
01.29 "
Griess-Pfieger Tanning Co. (quar.)
'
Griggs Cooper, 5% 1st pfd. (quar.)__ ~v; 01,25
6% 1st preferred (quar.)
•1.25
1
5-
4%% convertible preferred (quar.).— $$1.12 %
Dove# Or Rockaway RR. (s-a)
$3
Dow Drug, Co,
15c
(quar.)..-_
Dtavd
15c i
Mines,
preferreo
tibby McNeil
4-20
2
4-6-
5
34 %6
preferred (quar.).
(quar.)._.a_.^__^^iji.krf.
& Sons.
Stores
4-10
Co,.^.—
4-
4-30
6-
-
50c
Ltd.
$6
Tire
Libbey-Owens-Ford
4-26
6-14
$20c
,
&
Union
Gold
Lewis
1
50C
Gfayson-Roblnson Stores
•2.25 preferred
(quar.)....——.
Gteen (H/ l.)
Co. (quar.)
!l
4- t
5- 1
$256
.....
Dominion Woollens & Worsted,
DO&nieon* Piper Co., Ltd.
Rubber
H.),
(James)
4'A %
1
4-26
'
preference
Malting Co., Ltd., com. iquar.)..
Common (quar.)
——.........
6% preferred (quar.).—
........
6% preferred (quar.)
-
(fj'l
$2c
Inc., 4%%
Lerner
:
$1.12%
;!
.
0- 4
4-30
;
•
$1
;
(s-ai...*
(quar.)..._..____.j._^,
Mines,
&
Leitch
6-15
62'AC
(quar.)_—i V.
Inc., common
$4.50
>
6-26
.
Goodyear Tire & Rubber, common (quar.).
$5 preferred (quar.)
Goodyear Tire to Rubber Co. of Canada—
4% preferred (qaar.);:——_—
Gotham Hosiery Co., Inc.
(quar.
Gimbel Brothers,
6-18
7-
4-30
(M.
Bryant,
Rubber
Lee
20C
5-
convertible
Lane
4- 8
15C
$$3
Second
}
2
20c
—
$20c
Dominion
4-15
1
-
IOC
Ltd.
(quar.).
preferred
1st
6-15
•
(quar.)
iquar.)
0%
Lamaque Gold
5-14
4-16
1
■
$36
6% 1st preferred (quar.)_._____._^._
7% 2nd preferred (quar.).
7% 2nd preferred (quar.)
7% 2nd preferred (quar.).
4-16
r20c
4-17;
6-15
t
c
25C
(quar.)
4-16
$2.25
Co.
Mining,
common
Kroger Co.,
4-30
$$1.25
5-
•-
4-I2 t
1
6-15
75c
,
________
(quar.)
4-30
v
j interim)
& Co.
87'AC
common
—
Co,
H.)
(S.
62'AC
Safety Razor, $5 pref (quar.).—J.'
Common (quar.) ———-i
*
5
3-31
'
5-15
20c
(quar.)——
.■
3-31
1
.•
$1.25
3-31
1
5-
4-
1
5-
$1
Gillette
4-30
4-30
1
•i.5o
—„
Dominion
_______________
4-
1
•1.37%
Dominion
Engineering Works, Ltd. (irreg.)
Fabrics, Ltd., common (quar,).
0%- 1st preference (quar.)
1
5-
.
Gerity-Mlchigan Corp,
(quar.)————
GCrrard (S. A.) Co.» preterred (s-<a(——
5-17
$30c
$75c
Coal
5-
01.25
5-
'
Vtw
-
.
Stores, Inc., common (quar.).a_^_
$1.37 %
preferred
<qu&r.)__.._.>..r__.__
Kokomo Water Works, 6% preferred (quar.)
5
;
———
:
4- 9-
25C
Kobacker
4-10
Lees
Class
5-3
4-30
25c
4-26
1
Lake Gold
5-
■y§mc:f
'
:
(quar.)_
Mines
Cotton On
aaugauury
Brewing
Class
5-15
$25c
;
Kirkland
5-
5-1
5-
4-28
>
2oc
v
-
4-20.
15c .7
Kihgan to Co., 4% preferred
.
87 %C
;
preierred (quar.)————.—2:—
Steel Castings, $6 pfd.
(accum,) —
Genesee
v
S-10
1
5-15
>
^
Corp.
0-10
-
4-20
'
5-
5-15
50C,
87%C
4-17
•
5-1
'
15c
.-
.
5-15-1
st;L
'■2
4-10
"*■
15c
iiK^tr*14-"
0-20
,
.
!■■
-
4-25%
•"
87 %C
(quar.)..^
—
Cor
Kerr-Addison Gold
I
5-
•
2c
•
5-25
5e
preierred
(quar.)
County Land
5-25r
•'
5-
$1
(resumed)
preferred
-
Kwn
.
4-20-^3-12
$1
common--
(quar.):
Wares, Ltd.,
General Steel
5-
Corp.,
5%
12'AC
(quar.)
$5 preferred (quar.)
Utilities
Public
pre/erred
$3.50
Common
■
5-15
2ot
General
9c
30c
——____.
Monthly
5
9-
4-26
11-15
50c
...
Dodge Mfg. Co. (quar.).....
Mines, Ltd..-*.***
DomfngueZ Oil Fields (monthly)
Dominion
$4
6-15*V"115^14'
'
—.—
$5.50
5
Shares—
Dome
Dominion
5- 5 1
8-
4-1
—
—
preferred (quar.)
preferred
(quar.)—
5-15
8-16
4-16-
C
(quar.)
;.——
——
General Public Service, $6 pfd. (quar.).__—
75c
,
...
.
(quar.)
common
preferred
25c
,_
(s-a).
_________
Corp. (quar.)
Dividend Shares, Inc...
$3.75
50c
;,
Inc.
Mills,
Kellogg
5-1
5-1
6-
6-1
03 %C:
(quar.)
(Julius) to Co. (quar.)
Switchboard & Supply Co.—;
Kayser
40C
General Motors COfp.,
1
4r20
'
4-15;/
'
^
3%%, pfd.
Royalty (s-a)
Inc.,
3%%
;
4-f5.
v,
v,
& Johnson, 4%
2nd pfd. (quar.)..
Kable Brothers Co, (quar.)
Calamazoo Stove to Furnace Co. (increasedii.
Kalamazoo Vegetable Parchment Co. (quar.)
.
01.75
———.—/
Co.—
Johnson
25c
•
•
Co.,
Ranch
Johns-Manvifle,
3
4-15
'
Co.———-—
6-
1
12-
15C
"
(quar.)
6-15
——
Divco
Corp.,
Industries
12»/aC
___
preferred (quar.)..
Co., 6% partic. pfd.
non-cum,
Diamond
Foods
Tea
Light
"v1
*
5* 1" *
$1.06y*
(quar.)
»-io Y''4-15*
4-30
•
n
36
25C
;
B
Central Power to
preierred (quar.)
4%
•1.06% •'
—
(s-a)——
common
(quar.)
60C
(quar.)
DIebold,
Corp.,
preferred
$3.50
General
50c
(quar.)
preferred
1
4-30
*
Finance
General
I
/
,
non-cum,
non-cum.
710-
12-23
12-20
$t
11-10 A
.5.
■
(quar.)
6-11
9-30
30c
5-10-
preferred A (quar,)-: $1.25
Jewel
9-10
30c
—
(quar.)^_
50C
,
...
5%
1
12-23
_
Mfg
5%
1
10-
$1.75
(quar.)__
(Increased).
Detroit-Michigan Stove
7-
$1.75
0-30
20C
;
common—
preferred A (s-a;
convertible preferred
4%
„
4-15
4-15
v
common—
common
General Electric
Dentists'
Supply Co. of N. Y.—
preferred (quar.)
preferred (quar.) ___—<__■*
preferred (quar.)—-—
Co.,
preferred
8-
•2
-
5
5-15
20c
—
Debenture
4-
20c
(quar.)
4-30
1
5-1
80C
——--r—
(quar.).
series A
preferred
4-26
16c
—
5-
1
L.i Co., 5% preferred (quar.)^i
,
02%o
Knitting Mills, Common (quar.)ii^ ^:* * 156
Preferred
'■ /'
(quar.)—
30C
*
5%
,
Transportation
50c
.;
Phipps
Co.—
preferred
4%
General Amer.
•
87'AC
Co
(Robert)
3 31
4-15
1
1
4-30,"
6-
(F.
Johnson
4-20
1
4-26
5-
25C
WtoC
4-20
6-30
Jacobs
preferred
conv.
6-
.
5-2L.
9- 1
30c ;:
-;:30c^' 12-1
—
55c
6-15
►
14c
soc
;
.
Holder*
Payable of Rec.
40c
,
Fund/ I At. iquar.).^
^
Manufacturing tquar.i.'....^.
ironer,
Jahtzen
J50c
——
1
5-
4-15
3-3J
Jersey
1
6J
4-30
Share
Stoef;
Quarterly
Iro'inte
4-26
——
5-
Dayton Rubber Co,, $2 class A (quar.)
Dean
4-15
4-15
,
5-15
15c
■_____
1
4-30
—
5-
$1.25
m'/aC
(quar,)___—
5-
12VzC
6%
4-17
1
(quar.)___
(quar.)___
Iron Fireman
55c
35c
(quar.)
.7% preferred (quar.)
Darlington Manufacturing
Davenport Water, 5% preferred
DaVls Leather Co., Ltd., class A
Investors
4-15
preierred (quar.)
———
——
6% preferred (quar.)————6% preierred (quar.)_——
Gamble-Skogmo,
Inc
——
5-
87VaC
*
4-15
1
Quarterly
•1.75
(quar.|_
to Terminal, com.
(quar.)
Galr
11- 5
'»
COrp.
1
5-
—
(quar.)_———— —
preierred (quar.).,
5%
Co.,
Inter type
Company
5-
(quar.)*—_w
(quar.)—
preferred
Gaoriel
5
6-
11-15
260
common__i_^
preferred
Common
5-16
IOC
—
Dallas Railway
B
-
10c
Press, Inc.,
Class
(quar.)
__
Name 0J
$ 75o
(quar.)—
Co.
„
'
4-16
$01.12 %
Industrial Securities Corp.—
$3.50
Semi-annual
$%%
pfd.
1
15c
Permit* When
.
■^
4-26
$1.25
•—*
l.<
Oil
Fullerton
7-
Holdert
Payable of Rec."
Inc.—
u
•1.76
Corp.—
5%
Monday, April 26, 1948
,
$12%c
—
—^—
Ltd.
Cos.,
*
.
—
(quar.)
(quar.)
(quar.;
$2.20 preferred
•1.25
__
Atlantic Sugar Co,
Cuneo
preferred
Common
Fraser
$1.75
(quar.)—
Corp.
Teiegrapn Cp. («-a>
J.), Ltd., common
(A.
4 Vi %
Share
».
-
Froedtert Grain to Malting Co.,
9*
Sugar
American
Cuban
(Irreg,)
Co.
Brewing
Crown Cork to
1
of Company
Stores
Franklin
Y.)—
_
Products
premo
Name
*
,
When
per
Holder*
Payable of Reo*,
common—________
Quarterly
Com
When
Share
of Company
-
■
*
5-14
r
^
V"
V,:*;
•("VW^U'I;.. t
,
■hftwwfjWW* «HHS
;, J&jryKKVtMWfc ^>*t
A vri'a
try H 1
Volume 167
r Number
4693
ft
FINANCIAL
:
Name oi Company y jt [
MutWi'Chegdcal '00 ' v,
6%
preferred /(quar:):_;_
preferred,, (quar.) '__
preferred
iquai.
«%
t
[■'yShmrfi;: Payable of Rtc. *>*;$:. tfarhcof Company
6%
11.50
$1.50
preferred A
(quar.)____;
pieierred
12C
; 9-12
iquar.)
,12-12
■
,
Narragaftaeti Electric, 4%%
pid.
(quar
N atfcfwt Strau^a-Dupa rquet {guar.)
'
National Alfalfa DeiL
dating ft: Milting cb.-
-
National
National
it*'#
„
Chemical
ft
Container
(extra).
Corp.—
convertible
National
Mig.
A
Class
1
8-
^
1_ZZI
7
115c
7- 1
tl5c
$1.50
5-
$1.75
i
•f
r-
pid.
40c
9-3
12-
$1.25
6-25
.
53 Vac
25c
.
$1.18%
5-1
%
f$1.50
-5-
1
»■
Certificates
93 %C
—,
7%
New
N.
'
York
Y.
New
.-•-A
tquar.)
York
'U''1
Power ft Light
Hudson
--'f:'..
1st
1%
preferred
A
(this
■4-15
5-1
4-15
$1.25
5-
1
4-15
5-
1
$17.50 ;
5-1
4-15
Rich's,
87Vac
7-1
6-20
87VzC
12-23
12-16
20c
Hampshire
Greyhound Lines—
4.6%
20c
:
.
TT
(quar.)
25c
6-10
,.4-30
7-
1
5-
1
5-
1
4-15
"■■.-'
'^.^vV
25c
5-
1
5-
1
$1.12 '/2
6-
20c
(quar.)^
4-30
4-30
Gas
-
Okomte
preierred
Co.
A
Oliver
$2
-
United
Filters,
convertible class
Ontario
&
Ontario
55c
4-30
50c
5-15
5-15
K
Quebec
class
ZZ
iquar.)
B
(Irreg.)
A- (quar.)
Qtis
Elevator.
'"Outlet.■
Pacific Finance
1
6-
s
1
:
5-
.
5-
1
4-20
20c
5-15
5-15
4-15
4-29
50c
$1.25
5-
4-
1
;
'-'4%f,t
preferred
Pacific
Gas
&
(quar.)'•,
Electric
5%
pfd.
l
-
34%^
preferred
:
Pacifie'
Lighthsg■ Corp.
Pacific Portland
>
■
-
75c
i
Public "Service
-
$1.62 «/2
Co.—
^
^
"
\> * $1.30 1st preferred (quar.)
Pacolct
Mfg. Co.,:'&%
(.quar_)
32>/tC
-
preferred
Common
'
-
';;;Ratch0^ue-Plymouth Mills
Patino
■'
-f
Mines.1 &
Enterprises
Consolidated".-
5.:1 convcrtibie preferred (guar
'preferred
)
,
,
"
•
(increased
'
Common
"fr;v Common
(quar.)
qiiar.)_!
i
.
(quar.)___
6-30
-:-
Ltd.,
Pennsylvania
3.7%
,
Zv
25c
25c>
3
$3.65
preferred
series
B
Machine
Philadelphia Co.,
'
Philadelphia Electric Co.,
.4.3%
;
preferred
(initial
*
4.4%
preferred
Philadelphia
;-
Title
,
.
_
8-15
(increased)
3.8%
pfd,
8-
$1.10
Insurance_^_:__________
Philip Morris ft. Co. Ltd.
! 13.60 " preferred " (quar.)
; .^4% preferred (quar.)
$4
New
'
P0c
$1
5-15
4-30
62%C
5-1
4-23
50c
::i 6-25
6-15
25c
7- 8
6-23
60c
k
:
7-8
9-18
5-14
5-
6-15
$1.06%
6-1
5-14
25c
5-15
5-16
5-
4-20
Toledo Edison, 4V*% preferred (quar.)——
..Trinity Universal Insurance (Dallas) (quar.)
Quarterly ——
——
Quarterly
Troy ft Greenbush RR. Association (s-a)—_
Tung-So! Lamp Works, Inc., 80c preferredTyler Fixture Corp.,
; ''>■
5V2% preferred A (s-a)___
—
25c
8-16
8-10
11-15
11-16
4-20
5-
4-15
$10c
5-
4-
12c
5-
4-12
5-15
1 1
;
5-1
'
5y2%
Union
4-25
4-11
Union Electric
25c
4-30
4-16
'£■ 50c
t.L-|40c
4-30
5-1
90c
:'
^
5-
5-
1
4-16
Asbestos
4V'a %
$3.50
Union
3-31
of
Oil
United
25c
6-
1
4-16
6-
1
5-17
6-
6-15
1
5-17
6-10
5-15
5-15
:
17 %C '
(quar.)
$1.12%
,—
(quar.)—.
92 %c'
—
4-30
-
4-30
v
5-15
(quar )
Carton,
4-30
5-10
35C
.
4-10 '
•
:
Common „——:
6-28
.
.
7- 2
27 %C
'
■
$2.50
1
5-
27 %C
;
;
*
(Missouri)—
Co.
&
6-15
;
3
20c
(quar.)
California—————
Board
v.;
$1.75
:
(s-a)__—
Rubber
&
preferred
preferred
preferred
$3.70
■
3-31'
1
25C
.
preferred B
4-20
25C
—
—
4-20
5-
25c
t
6-23
9-30
9-15
—
Loan
25C
5-25
5-12
$i-50
5-25
5-12
—
6% non-cum. preferred (quar.)
United GBgar-Whelan Stores Corp.—
$1.25
8-27
12-15
11-29
1
7-
$$1.06
1
5-
;
6-30
United-Drill
United
pfd.
•
-
r
4-30
U.
25c
5-
1
4-
U. S.
91 %C
6-
1
5-14
12 %C
5-
1
4-20
5-
4-16
1
1
9
5-
1
4-20
5
1
5-18
35c
5-
1
4-15
V.
87 Vic
5-
1
4-16
U. &
5-
> • Tr-JT
•
5-25
4-15
1
4.8%
5-
1
1
t
4-21
*
Universal
I
5-14
Univer**!
$$1.75
7-
9
6-10
$6c
5-
4-17
$25c
5-
4-17
40C
:
5-
4-12
5-
4-12
6-lt
6-
25c
5-15
4-15
5-16
4-15
$1.50
50c
2
: $30c
5-
I
4-10
6-19
5-
1
4-21
5-
1
4-21
25c
dividend)—!-.
5-
1
6-
9
4-21
4-
9
(quar.)_—-»
4-26
4-
5-
1
4-1
5-
»
,
4-'9
6-30
$2.20
pfd.
(quar.)
_
_____
4-15
4-15
31 %C
6-30
6-
1
Washington
Life
4-
28c
4-30
4-
5
$30c
5-15
4-20
6-J
5-17
1
5-17
25c
$0.2856
6-
5-1
Common
6-15
5-14
9-15
8-13
7%
25c
4-26
4- 5
West
4-15
(Dallas)—
—
Commnm
^UijeMaisqd quar.)
3.70%
;
4.15%5%
7-15
7-13
_______
(quar.)_—__—
__________
(quar.)
6- 1
5%
6-15
92Vic
5-
I
4-15
97y2c
5-
1
4-15
6-1
4-15
45c
$1.63%
$1.25
5-
1
4-15
■!;.
5- 1
t
4-17
,
5-15
4-30
5- 1
4-15
25c
5-
4-14
1
4-30
4-15
$1.31'/*
5- 1
4-23
7- I
6-19
62 %C
■
"
10-
82%C
9-20
1
12-21
1-2-49 <
K!%«
7%o
3- i
4-15
$1.25
6-10
6-
1
9-
1;
$1.25
:
9-10
12-1
12-10
$1.25
r
'-V.-f
$1.2&
.
'i
4*15
5- 1
:: 6-2i
30c
6-1
f
64 I
' 6-21
$250
4-30
3-31
37%e
5- 1
4-15
Light,
8- 2
7-15
20c
5-20
5-11
62%C
5- 1
37%C
6-1
$1.06%
5-10
$1.12%
5-10
35c
7-15
37%C
<
(quar.)—
common
(quar.)_—
4-20
4-15
->
,
.
M. —
>— ■ i-M
mmt
***** >¥+
4-24
4
l
10*
I
35c
10-15
5-15
4-30
$1.75
V'' $3
8-16
8-12
5- 1
4-15
12 %6
5-21
"5- 1
30c
5- 1
10c
,6. ,
17 %C
P- 1
$1.75
5-15
$1.50
5-15
75c
■
(quar.)'-—--.—-*
3
"
—-—
—»—
.
'■%&.
$20c
WW'"** »»•
pit ff ■**«
4-24
.
4-16
4-16
.
,
Penn
Electric,
7%
pfd.
preferred (quar.)
Mfg, Co
Insurance
class
A
preferred
5%
(quar.)—,
—
Securities
Co.—
(accum.)
25C
_
(quar.)—
1
$1.25
7- 1
31 Vic
4-19
A
\ M
.
'}■
4-20
8-17
4-30
$25c
'
1 4-36
$10c
4-19
,
5- 1
$20c
—
preferred. ;(quar.>_———--
Extra
5-
4-15
7-2
Light ft Telephone Co., Inc.—
Westminster Paper,
>5Weston
■'■
—_—
—————«
Point
$2.50
40c
5-24
6-
25c
Michigan Steel Foundry
prior pfd. (quar.)
—
Western
pis&nMd (quar.)—
pteUrfM.^(quar.)
preferred
West
6%
Co.
Gas
B
class
Co.
Westchester Fire Insurance
Western
Insurance
4-26
6-10
11.50
Ltd., class A (quar.)
Wellington Fire Insurance (s-a) „——
Wellington Mills 6% pfd. (s-a)
———
Wentworth Manufacturing Co._——
$1.25
1
ft-31*
11-30*
62 %C
Waterous,
Jl.25
5-
9-20
15- I
—
Common
West
55e
3-31
5-31*
$2
$750
preferred (quar.)——
convertible preferred (quar.)—
Extra
(quar.)
5- 3
6-20
6-15
Co.—-——
4-15
Telephone—
v
30
Waterloo, Cedar Falls ft Northern RR.—
5
Soatt^eater&ffNBiHe »erviee~r
;
Bros.
$4.50
5- 6
4-19
$1.20
Roofing
Associated
preferred
Southwestern
6-19
5-
Warren
;
__
!
4- 9
I
I
Electric Co.-
ft
,4-9
5- V
3-31
5-15
;
,
6-
4-30
(quar.)
.
4*15*
6-15
750
.
3-31
37 Vic
4-15
7- 1 '^,"
.
4-30
5-21
'
'
Upper Peninsula Power Co. 5y4% pfd. (quar.)
Knitting Co.—
5%
prior preferred (quar.)
: 5 % prior preferred. (quar.)
5% prior preferred fquar.)
Utility Appliance Corp.:
Vapor Heating Corp; —
5%
preferred (quar.)——
—_
5% preferred (quar.)
—
—
5%
preferred (quar.) —_ 1———.—
Vertientes Canaguey Sugar Co.
of Cuba—
Quarterly (less 5.8% Cuban dividend tax)
v Virginia Elec. ft Power, com. (initial quar.)
$5 preferred (quar;)_—
Virginia Iron Coal ft Coke—
\
v
4 % convertible preferred (initial)
Virginian Railway Co.—
j
v
>>
6% preferred (quar.)_
———
6% preferred (quar.)__
—
Walker ft Co_ class B (irreg.)-,—_
6-30
$25c
(quar.)
(quar.)_i.___^___—
Railway Co.—
5% non-cum. preferred (quar.)
5%. non-cum. preferred (quar.)
Southern States Iron
1
Pictures
4-30
12 Vic
Tobacco, common
Utlca
gi.^S
preferred
Southwestern
Leaf
10c
___________
4-15
;
12-20
—
4-30
4-
5- 1,.:
70O
preferred-
5-15
5—■
■>,•':
35c
United Steel Corp., 6% preferred A (s-a)—
United Stores Corp., $6 conv. pfd. (quar,) —
United Transit Co., 5% pfd.
(quar.)
50c
Water, 4%
(accum.)
non-cum.
4-20
$1.50
—-
Gas
pfd.
6%
Corp.
4-12
$20c
Co., Ltd. (quar.)
,4-15
;
Radiator
Rubber Co., 8%
1
Southern
.4-15
S.
1
6-
4-15
70o
5-
;:;■ $1
1 "■'.,
6-15>J
.V
5-1
70o
,,,
,w
_
$1
22%C
U. S.. Potash Co———1—
$50c
4%'%;:|nre^rTOd (quar.)
:
Lines Co.,
t50c
California
(irreg.)—-—
5-
40c
Southern California Edison, common
4-15
Industrial Chemicals
4-15
4-15
5•
50c
10c
.i._
50C
4-15
5-1
$1.75
(quar.)_—
50c
25C
(quar.)
Co,
5-18
6-
South American Gold ft Platinum Co.—
1
Insurance
Quarterly
6-1
1
62Vic
5-24
5- 1
:
53C
50c
4%% preferred (s-a)
i*U. S. Oil & Royalities Co. (liquidating)-— ;'
U. S. Pipe ft Foundry Co.—
Quarterly
6-
■
£i^*;:$l ^convertihie preferred A
Southam
S.
6-15
(quar.)
IntST-jased
Fire
S,
25c
;
4-13
:y
■t-'l
—
25c
$30c
1
1
6-10
58 %C
7%
40c
__
/
4-1.2
5-
5-
i,,
25c
•
27 %C
"
4-30
United
5-15
4-20
■
4-15 X
5-31
?,
10c
25c
4-15
4-15
1
6-15
15c
,;■",
U.
I
5-10
"
5-
:
$37c
.
—_—
Cos.-.,—
7-18
,
(quar.)
Cort)., common
;——
Coal
4-19»
(quar.)
Common
..s
(quar.)
ft Tool* class A
(quar.)
8-. 1
27 %c
(quar.)
cash
■
5-
27 %C
of America^—.
(quar.)
(initial
B
Electric
85c
50c
_____
(quar.)
5-
$10c
_____
(quar.)
4-15
4-15
_
Light ft Railways
preferred (monthly)-6.36%
preferred (monthly)-—-——___
6% preferred (monthly)
—U. S. Air Conditioning $7 pfd.
(quar.f—
U. S. Finishing Co., common (resumed) —-
—_____
f._.
4-30
(quar.)
A
$25c
6-15
5-1
87 %C
(qu^r.)—
Ltd., class
B
6* 9
.
7c
Corp
preferred
Corporations,
Class
7
$20c
common
$3.59
United
Class
(irreg.)
class .A—
conv.
6-
15C
75c
Dohme, $3.50
•
9-15
$1.25
■
Association,
Southern -Indigiia
5-
9
7-
75c
(quar.)_
Corp., class A (quar.)_
convertible
preferred (quar.)
common
8,90 %
,
;
4-30
10-
quarters
two
Sirtrwln:'Williams Co,-!of Canada—
^
:ZV
•
6-
5-15
15c
!
Construction
—
.
4,.
5-
6-
i
7- 1
■:
3i %c
25c
$1.25
(quar.)
Southern
5-10
$1.07%
■■:
Tokheim Oil Tank & Pump Co.———
■
4-1
1
4-30
95c
(quar.)
quar.:)ti'xi.ii4.-i-»
(quar.
4-10
9-15
_______
5-
5-
$1.50
5- 1
10-
93%c
4.48% preferred (quar.)—_—______
Southern Canada Power. Co., Ltd. (quar.)
15C
______
$1.50
4-15
$15C
first
4-10
6-15
'
(quar.)
4-15
5- 1
$5c >■.•-■:
(quar.)_——.a—_
&
5-15
1
6- 1
$1.75
7-
.
4-15
25c
■
Realty
Quarterly ■
Quarterly
6-
$12%C
4-19
6*;;i-.
5-
(quar.)
5-15
$1C
__
(interim)
Tishman
1
27c
:
Z:3-17'V''
1
5-
6-15
;
15c
Container
^^•■siMs.ratoh^tlnc.
5-5
92y2c
$%;.preferred. (s-ai_^^_i
,
12-15
5-15
50c
common
9-15
-
(quar.)
Ltd.
5-17
1
Mills
5-
20C
$1.25
r)
W"
4-23*
$1.75
__—
Sharp &
2-5
,-$$1.50
Gear
&
PeDqaticnte Cemeht Co.
Perrop. Gold Mines,
1
11-5
$1.10
<quar_)ciw__i_^_,
Pennsylvania Power, 1 % % preferred (quar.)
$1.06%
Pennsylvania Bblt Mfg. Co.—
'3% %
preferred
A
(quar.)^______;:
87 %C
Perkins
6-12
25c 2-15-49
(quar.)
Electric Co.--
4-12
1
.
$1.75
$1.75
preferred
.6-15 ^ -Sonotorte
11-15
$75c
:
preferred series C {guar !
.4.4 %
-.
62tic ;i- 1-49
(quar.)_:
common
10-
.
25c
$6 preferred
'
5-
6-
(Del.) (quar.)
security Banknote Co.» common (quar.)
$t preferred
(quar.)—
Security Insurance Co. (New Haven) (quar.)
5-.5>
7~ I-.-
$1 preferred (quar.)
$1 preferred (quar,)____
Penman's,
4-20
•.■e^fi'^frr.-8'H' Smith. (Howard) Paper Mills; Ltd.—
62%c
62V2o
preferred, (quar.)
ill--preferred- (quar.).^___c^i'l.ii£Xl--;
4-26
W'r'
q
1
50C
_______
fA-BO-
68%c
_____v_L___
35c
•
t'-
9"
5- 1
.750
$1.75
Co., common_____
(quar.)
6-1
$1.50
•
(quar.>
6-10
$1.12%
'4^23'^^S!ori^9««field Steel ft Iron.
Va>)T4<v.;i,3:;.;•'
■
Smith Agricultural Chemical"
'4-30
4-17
'
6% preferred (quar.)
ZSmith (A. O.) 'Corp. .V..'
31V4C
■<.
Z'.'
1_
4-15
4-15
6-21
$1.31%
__
Seaboard Oil Co.
Telephone Co.—
L Common
Thomaston
1
4-26
'
4-30 >.>-
i-
Peller'Brewing,'5^2% pfd, (accum.)_Z_ZZZZZ
Peninsular
5-26
■-■6-
4-15
25c
_________
-y 7%
preferred (quar.)
4-27Vi-vl^l^^r-trjSaHrrtff's.Ltd.' class A (initial quar,)__
Frwherred (initial ■ quar.)'i_______"____:
.j; 5fyty
•Paoific Power Co,, common
______
" ;-.6-l5 r
-6- & :-:i •'■^%j:;^€fejrred ■ (quar.).
:.
■5^15 <; ^ 5- t,Simmons
Cpmpany
,
50c
v
.
"
(quar.)___
4-26
6-15
15C
,-f
:7? $2
American shares^:.itJ.
■,j._-•• «'•
Coal Co.—
•;;;■ ,7;
g'a
4-26
5-15
1
50C
,
A
1
Electric Co.,
■.*''.5-15.' ^r'4—15^; ••--4' Common
't Feabodv
j
5-15
5-
4-16
'
45C
6-16
5
5- 5;V'
;
5-1
$i
$1.12%
Co., 4%%
45c
5-19
li
5-
5-15
■
2nd preferred (quar.)
Oil
4-19
4-18
5-15
Securities Co.—
40c
1
7-
-
,
$4
Sun
4-18
4-21 ).■
;
5-1
—
■
6-
.
____.
Electric
9**9
;:■■
4-30
Wells Corp., common
preferred (quar.)
—
Suburban
:
4-30
preferred A (quar.)——
Sunshine Biscuits, Inc.————
Taeony-Palmyra Bridge
6% preferred (quar.) ——
Taylor & Fenn Co., common (quar.)
4.32 %
convertible preferred
(quar.) —
Taylor Pearson & Carson. Ltd.—»
!y ;;
5 %
convertible preferred (quar.)
—
Teck-Hughes Gold Mines, Ltd. (interim) —
Texas Power ft Light 7%
pfd. (quar.)
6% preferred (quar.)
Textron, Inc., $1.25 conv. pfd. (quar.)
Thatcher Glass Mfg. Co., common (quar.) —
:
$2.40 convertible preference
(quar.)—
Thermoid Co., $2.50 conv. preferred (quar.)
15C
(kia iciiJ-lii: :$2.50
I
:ff 75c::
& Transport Co"—
rn
^ t-gHhtffaifcP
' (quar,)
rjifci preferred,{s-a)
yMCt-i _»5- 7t..O.;a 4-20 '-.j.'i-'y :gk$rjjt.Y.v
rf, - , ■' ;. ■:.' ■
.1
Parkei'IDarfa- 4W:-Oo,
-35c ;':;■ «4»96:'
f:'COL-Ltd.'"f; 5A
Karfc & - Tllford, Inc.-;
(quar.) __:________ZZ-, "-a; 75c -' 5-■ 54-28'
'(quar.)
^
Pan American Petroleum
4-20
5-14 +
25C
■■«.,
'v6preferred-' (accum.)
Pacific
5-1
Brick
DPIon" Co.
5*15
v"5-13'
.i,"
(quar.)
Cement—
''
52»/2C
7-1
4-30
———
Struthers
4-20
_____•'
-
i
Wfc- preferred {quar.)-vCrJl■.;■.'.'■ -y'■ '■■<"-
•
?
8-13
4-30
;•■'■:- -Vy.:'';;'
preferred (quar.)
P.) ft Co. (quar.)_
(J.
$$1.75
for
Ltd.,
Sheraton Corp.
f
4-21
4-21
87'/2C
Ltd., com.
Remedial
Distillers
yj- 5%%
:
; v
4-21
;5—I i;.-4-15
v,c31%c
1
1
Textiles
Briquet Co., Inc., common
$t preferred (quar.)
Strawbridge ft Clothier, common
11-12
.
Shawinlgan Water ft Power
$j i2»/3
(quar.)___
B
* ■•;.'• Seaboard
preferred/^-(qua'r,j'^L-X:_-_-;:-«—$1.25
;-•■■
-
*
4-30
:
5-:
5-
(quar.)
Products.———w;
Aluminum
Stern
Stott
1
-.A,
Co.
&
Scranton
4-36
■:
A
ft Fisher
Scotten
,
4-15
$10
c^i^w-i-^At^iZ^ZZZZZZZ^ZS
Corp. of California "(Del.)—
4-15
I
________
Ry.—
(initial)
< semi-annual
Class.
■
v
:
1
5-15
-
5-13
1
Schwitzer-CUmmlns, 5V2% pfd. A (quar.)_
a8%%,♦"fti'elm'i'bdx a (quar.)
Scott-PapeiqAli^.v $3.40 preferred Hquar.)__
:
■
4-16 i
5-16
_
6-11
9-
Stores
1948
Schenlcy
4-16
>r 20c
Co..:"T
Company
5-
'■
.
4-15 :i
txoc
(irreg )
_________
(quar.)
nayment
Francisco
Scarfe
4-30
i.
$$1.75
-
1
12-
preierred
sayre
3-31 ::
( 4-15
1
$$3
Ry.' (s-a)______
Ltd., com. (quar.>
Steiei products,
'
5-
7-
50c
5%
San
4-30
1
50c
.
:.■
4-30
23c
__
7%_ preferred •fquar.ic'^_L_V__^'_';___'__
Osgood Co. class A_
Class B
5-
$1.12V2
;
Oregon-American Lumber Corp.
.
;
4-23
•
Stevens
$40c
A. (quar,)a_a.____—
W
preferred A
St. Regis Paper Co.
(quar.)
Saguenay Powei1, Ltd., 414 % pfd. <quar.>__
;
4-21
$i
pfd.
:
s
1
4-30
conflhom.___
.(quar,)
conv.
5%
J
£ > ; •; Ltd.
$069375
Co.,
common
4% %
4-30
$40C
Francisco
preferred
of
4-15
6-
(quar,)
Oliver-CdiTJ.,"4Va%'
San
Above
5-25
10c
:
4-29
Stores
Brothers
ft
"
Fine
Louis
5%
4-15
j'
2
:
Electric
ii
7-
1
5-14
1
(quar.)__.
7% preferred'(quar.)
■!■;;
5-15
$$1.75
'
Natural Gas,
.4 W/c
1
$1.25
;2.">c
5-
v.v
■
■
*
(quar,)_ "
Stern
6-
;
Lawrence Flour Mills,
-
4-15
'
Oklahoma
•
st.
;
4-15
com""' (qua r~p7r^ 22M>c
(quar.)
&%/ preferred (quar,) :^________:.-___ti,ZZ
Ggilvie Flour Mills, Ltd., common
Oklahoma
..v:.-v~
4-21
50c
""
4-20
$40c
(quar.)
Foods, Inc., common
convertible preferred (quar.)
4%
■■■
Service,
(quar.)
W.
&
St.
.
6-21
28%c
(quar.)_______
(quar.)
5-1
25c
(quar.)
(San Francisco)
(accum.)
'
Co.
_
Inc.
Ltd.
Building Co.
-
j
93%c
Sterling
50c
-$5^preferred
s.
4-15
.
Sterchl
4-17
$1.25
(quar.)
Rose's uc, 46c and 25c
>
5-24
-
4-2
I
'
Cotton
Roilamh Paper,
srV
4-14
Inc.—'
Public
preferred
5-10
.
$1.50
7Z ':
4ta'<
"-preferred
(quar.)
Nunn-Bush Shoe Co., common
7%
9-20
12-10
25c
4-15
4-30
23C
Mills, Ltd. (quar.)
Rockland Light & Power_____
6-26
s-'"v
■»
Ohio-Apex,
1
5-25
50c
(quar.)
——^——
of Canada, common (quar.)
participating preferred (quar.)
Participating -"_i——
Co.
7%
75e
(quar.)
common
Russ
.
■•M Extra
^
10-
12-23
Steel
preferred (quar.) —
preferred (quar.)
preferred (quar.)
5-
25c
*15c
•
(quar.>__.
preferred
Robinson
*>'i
/v
preferred
Engineering
Northvestern
1
r"""*"A
(quar.)
convertible
Northwest
7-
20c
.
:•
Co.-—
preferred
(quar.)
North River Insurance
(quar.)
Northern RR, of New
Northwest Airlines,
Inc.,
'•3%%
Z;
5%
50c,
Go.com.
Riverside- Cement
(quar.)^.————
5%
.
3-31
$25c
• interim
intei'im)___-.
preferred
$17.50
adjustment
preferred
(quar;
(quar.)-.--
B
9
5-1
-
Dry Goods, common (quar.)___
ISt4preferred-4quar.)_-__
«^ 7%
4S^;^preferred ' (quar.
2nd preferred (quar.)
•5
7 % 2nd preferred
(quar.)
Richmond Insurance Co.
(N. Y.)
(quar.)__
Corp.Z
~Z_ ~™
4-
1
5-31
""
4%
4-15
-
4-15.;
5-
A
B
(quar.)——————
Stecher-Traung Lithograph Corp,
4-15,
4-30
4-21
Rice-Btix
clears
preferred_____r_ZZZZZ"ZZZT1
/»
»
(quaty
5B
Rheem^Manufacturing
clears
(this payment
4
.
5-4
$1.25
i'-"
5-15
$1.50
■*
pfd.! (quar.)
Tobaceo Co.—
(R. J.)
Common -
,
»*V«4-1S
$1.25
w
payment
80c prior '• preierred
prior
Norfolk & Western Railway
3%
4-20
1,
5-1
;
50c
25c.:
Copper ft Brass, 514%
Reynolds
4
80c prior preferred
Northland
5-
Revere
Wholesale
Class
■
class
preferred
-.4%
4-20-
5-14
15 c
■
'■80c
,4-20
5-:i<
97'/aC
(quar.)"™"
(quar.)___ZZZ_ZZZZZZ
A
B
arrears)
__J
North American Finance
<'■*
preferred
'
i *
6-. I
-
•
15c
preferred
preferred
.>
Class
$62»/2c
Republic Natural Gas (initial)
Republic ■ Petroleum
(quar.)
RepublSi" Supply of Calif, (quar.)
4-15
50c
corp.—
(quar.)
arrears)
2nd preferred"B
.i ?&v* all
.
$1.75
'
„
all
"■*(: 5%
4-20
-
Power
2nd preferred
5%
5-
Class
3V2•%"'prerei'red (quar:)
^
Republic Investors Fund, Inc.—
preferred A (quar.)
6% "preferred B tquar.)
Corp.—
iquar.)___
"f 9 %■; 1st preferred
/ S% 2nd preferred
8%
1
4-15
5-14
'T--
3-15
,5- 1
50c
.
Ah
3.90%- -preferred
"»
1
Merchandise Co._____Z7'i"r~rr":Tr"*~""'~1';:
Niagara
•
50c
■
_
preferred
■
5-
15c
_
Jersey
New
1
5-1
•
5%
Mills, Ltd.—
non-cum.
Spring Co—. ■'
preferred (quar.)________
Phosphate
&
Acid
) Works, Inc.,
common (quar.)
Stanley Brock, Ltd.r clasa A (quar.).
convertible
4%
Standard
4-30
(quar.)
Co., $2 pfd. A
non-cum.
Standard Steel
3-24
5-15
$1.60 non-cum, pfd. (quar.)CReliance Electric & Engineering com.______
1 $2.10 conv.
pfd. (quar.)—
?r:
of
beneficial interest (quar.)
Worsted Mills__
Process Co.,
common____________,__Z
New
5-
7
each 200
.shares .-held)1-.,.
Standard Silica Corp.—
4-23*
5-
84e
1
4-16
;
5-15
6-1
'
ReiiancJ <Mfg. Co.,-.common; (quar.)
(s-a)_____
- •
(irreg.)
(Five shares for
dividend
■'
5
26c
A.)
$1.60
v
.
4-15
Newberry tj.
Tgp
55C
B
$1.60
'■
1
4-16
■■
-
3i
6
5-
1
(C.
T Class
Regent Knitting
5-5
5-
5»i5
-Ui<-6*
Reed
•
4-15
.■_-6-15'-''
■
.V- 75c.
!
6-15
M,'
4-
*3C
'preferred
(quar.)_
Reading Co. (quar.)
7-31
vv
<
r-.,.
J
6k1.'
$i.oey«
Ltd._i__-
dividend
Cash
4-10
•
Oil Co. of New Jersey—
Standard
4-12
ts4
,
$2
4-16
;
<H 5-15
.4 7VaC
C
_______
4-16
,
-<4-30
-,
--
■ •
___________
8-16
'•* 25c
(quar,).
«>augatuck Water Co; (s-a)
'
Neisher Brothers, 4% %
pid. (quar.)
Neon Products of Western
Canada, Ltd.—
i
(quar.)_
New
'England- Fund--
,
4-12
4-30
25c
(quar.
preferred
3
.
3:
5-
X
5-26
Quinte Milk Products, Ltd., class A (quar.)
Raymond Concrete Pile, common (quar.)__
$3
preferred
(quar.)
Rayonier, Inc., common (quar.)
5-24
4-30
40c
•
(quar.)
Fibre
4
6-
r'
4-15
545
Stock
Quaker Oats Co., 6% preferred (quar.)
Quebec Power Co. (quar.)____—
Quincy Mining Co. - (resumed) _i___
'
D:
3%,<
Redeemable preference
Putnam {George) "Fund
7-22: t
1
-4-36
Parity Flour MiUe, Ltd.—
Corp.,
EtomwojWFomfWitp :.'./■
KeUegg ft Bons (quar.)
Spring Valley Cto.,t ttd._______r_
Sqihbb (E. R.) ft Sons, $4 preferred (quar.)
Standard Fuel, Ltd, 4% % pfd. (quar.)..
Spencer
6-18
4- 1\
5»
quar.)
Purex
10-20
6-15,
preferred
9*
"''
i
»j5»
New
4-21
'«'
10c
12%c
(quar.)_c__—
CO. ~of
5-15.
1-2-49
10-
{increased
.
5-20
;
--
;_______
Hampshire—
3.35% preferred (quar.)-ii—
__L__
Public Service CJorp, of ;New Jersey—
6%
preferred Httohtftly)
_'
•
J;
•j
4-20
I ; '
t-1
7-
17 %c
(s-a)_
■,
Of Colorado—
preferred
Public- Service
"
(quar.)
Lead Co.,
Vulcanised
4Y* %
1
4-10
:;4-
1
tl5c
3*8%' Preferred
•> Common
•
4-15.:
,
10-30
(quar.)
National
Fub,ic Service Co.
4-30
A
5-1
____
6%
>;
3.
iquar.)
-
•
4-22
v,
1
6-10
j.
National Tea Co., 414 %
•
1
*4-30
25c
Price Broo. <te Co i Ltd; {inereased:
Pnkltor'
"'GaiiiMe -COi - (quar.)
PropriCbary Mines; Ltd. (interim) _________
5-15
6-1C
__
•
4-15
•
5-
___
__
f
^-r
m'.1'
,i
Holier*
Payable of /tec.
$1.26
Edison Co., 3.96'/* pfd. (quar.)___
Pressea Metals of America, Inc.—
•Stock dividend
!it 4-15
.
5-
_
6% pfd.. B (quarZ)
v 7%
preferred A ;(quar.)
National Mallinson Fabrics
(quar.)
x
Extra "i—___________
.JZ~~I'
National Paper y
Type Co., 5% pfd7(s-a7IZ
National Rubber
Machinery
National Tank Co.
(quar.)
1
11-23
„
Whew
Snare
>
Potomac
8-23
5-15
•«
A
National
•
5-
Z
.
„
Class
;
■;
(quar.>_
Pi<pr^Petrol)euhfv€rO^^preferred
5-22
1
(quar.),:
Nauuuai Hosiery Mills, Ltd.
Class A tquar.)
i
5-
.
$2
(quar, )___:„
Quarterly
•.
-t
50c
6-
iv//
Pieasant' Vailey "Wi»e_:_^_w-_
Portland 'TYamslt^:
i
V
.
Corp. tquar.)
(Del.)
(quar.)
Welding
■ ; '■
•; QiUiterly
w
v^lOc
products
National .Contatoer^Qorp.
National-Dairy, product*
Electric
;
i™.
1
;/
.
5--1-'.
62 '/2c
;j_.
;
,
preierred
Distillers
NatWuiai
;
25c
•
preferred. (qUiir;)l;t;^-.--:
£•
National Battery
Co. ;
;■ ,
National Casket Co., common (irreg.>___.
^
5-
56V«c,'
<-"5%-
■
9-16
12-16
6rl2
.12c
4.80%
4.auw
A
12.28
::' i2c
.
,
•
0-28
$r.50
-
.Mutual Telephone Co. {Hawaii)
;>.«
4.80%:■; preferredTA. (quar.)
-
6-28
.
.
'7--^^^'^^iUipS»Joraesrl«)oa^^;^^peeferred
HI'' •' v Phoenix Hosiery-
CHRONICLE
'Pat
■
.
'
■
i
£$£: i2i# %>.^J
THE
■■A#-
(
Z;*: '&'
:yu.
Ltd.
(quar.)
—
_——---■————-—-
(Geo.), Ltd.
(increased quar.).;
.
':yi'
w
THE
(1848)
52
Per %
'r,»■
,•
oJCompahy
Western Pacific RR.
common
(quar.)
one year amounting to $3,100,000), a net working capital of
This shows considerable Improvement during' the year and
Holders
5-
strongest positions in
resources for all anticipated operational
8-
2
11-
1
75q 2-15-49
2-
5-15
8-10
5-
1
8-
2
11-15
11-
1
$1.25 2-15-49
2-
1
75c
75c
-
75c
..
requirements.
:
YEARS
INCOME ACCOUNT FOR CALENDAR
>
;
with
connections
$11,075,149..
_■
.6%
preferred A
preferred A
(quar.)
5%
preferred A
(quar.)
5%
preferred
A
**__.
,
$1.25
(quar.)_
Chlorine
Westvaco
_
.
93%C
Winters &
unsubscribed stock to
of
•
•
4-22
Bankshares
Corp,
Wisconsin Electric Power,
Wisconsin
Pubiic
Common
Service
*
75C
5-3
3-19
25c
5-14
6-12
4-30
4-30
25c
$1.50
(s-a)
pfd.
(qua..).
State,
4-20
Net
Int.
5-28
4-15:
Earns, per
•After
7- 1
6-19
8-2
4-27
,7-19
4-30
4-24
25c
.
4-30
7-20
5- 1
4-15
5-1
4-14
5-
1
4-15
$31 (4c
$37 (4c
(quar.)
G%\ preferred
(quar.)....
Zenith Radio Corp.
(increased)...
5- 1
5- 1
4-30
4-15
$1.50
this
for
{Payable In U, S. Funds, less 15 ^
{Payable in Canadian funds, tax
-resident
a
15%; resident lax 1%,
British -income tax. •" ■„•//;.
Less
xLess
30%
Jamaica.income
tax,
<ZZy,
!
.-%?■, -V,'-!
V:. v'.:;ry
;//
and
News
Co.—Newly-Developed Tires—
New 1940 Packard Eights now coming off the twin assembly lines
the company's mile-long Detroit plant are being equipped with
extra-low
pressure
tires,
according
to
W.
H.
Graves, ; Executive
"The
y
%
/«?..%.•'
yy«.
,•
■/• ■;
income
Net
company
e/andarcl
1943
line
consists
of
three
taxicabs
.cost .extra.—V,
167,
and
certain
$697.
p.
for
cars
Earnings per
tax
♦After
The first hotel
White
export.
Kotels
under the
of
Expands—
$80,000,000 -program for the development of 11 new
key cities of Latin America, the Hotel Tamanaco Compania
in
/monima of
Caracas, Venezuela* was announced on April 14 by Wallace
Writtaker, President of Intercontinental Hotels Corp., a subsidiary of
Pan American World Airways.
■
The Venezuelan company, formed
by local business Interests and
the Venezuelan government In collaboration with
IHC, will build the
modern
400-room
Hotel
Tamanaco
in Caracas.
It
will
cost
$6,000,000,
J.
Whittaker- and- will be financed in part by a loan,
which, IHC negotiated as agent for the local company; from the
Export-Import Bank of Washington, D. C.
"J %
j
,
Tamanaco, scheduled for gbmplction
Plaimed for-; nine other'Latin American .countries,
^
'
to
cost
$80,000,000.
Mr.
Pipe
Whittaker
Line
said.—V.
167,
1474.
p.
Co.—Annual Report.—
W. ,G. Maguire, Chairman, and E.
Buddrus, President, on*
Feb, 11 said in part:
v
y
>t«<j
During
natural
9
ting
was
the
gas—the
largest
increased
revenues
than
more
1947
year
offset
the
sold
company
Volume
10%'
billion
the
wages,
and. increased .taxes.
After
was
1947.4 Net
income
for
mcorae
the
less
two
than
years,
the
expended for
,
1947
exceeded
In wder
'
to
'
on
Aug
—
the
the
for
the
1946
year
Included
1947.
in
scheduled
SOURCE
The
1948.—Ed.]
AND
Net
income" for
DISPOSITION
V
OF
iyy "
r.
taken
Co
down
:
'
'•
FUNDS
AND
1947.and
'
Provision for
.
& equipment, net of
.
...
salvage
n'736'244
5,417',500
2'250[000
■:
Co.Z
debt
:. t
":y~-
eapital^Wt^-^i^Z
$970~324
.Excess of> tax -Accrual over payments
made, transferred to deferred liabilities^!—
119,797
and expense
Net
AND
-
•
v*,-y-
*
306,250
,»•• •••
company
Florida and
$751,899
y
t
...
at
a
'
;£64 073
18,855
$1,127,254
$770,754
Other
Net
-
•,
..
s.
Federal
SZ
135,518
•
band
on
organized.
r+
.
.
,
and
accrued
salaries
accrued
liabilities,
J!*^—
•
.
,
251,000
y
{$497,467
jZy; ';/.;y%v"«yZ,
DEC, 31,: 1947
demand
deposits
in
extended from?
,
v
.
.
$377,704;
accrued- taxes, $84,580; qfchpcj
on
air travel cardyyaccouats,
ticket refund Jiabijjty.
income debenlnres^ .due.Sept{-1;"
convertible
for. uninsured
$T per shavch
" ('deficit).^ $4,■».
-yy';
'
OfferedZ^Hal-i
sey, Stuart &c Co. Inc. and associates on April-22 offered
$9,600,000 2%% equipment trust certificates;,'; is^esrX^
maturing anually $640,000 on each May .1^19^9 lo 1963,.
Pennsylvania KR.
Equipments / Trusts*
—
.
The certificates are offered at prices to-
inclusive.
from 1.45%
-
.
The
'
issue
ceived
for
Salomon
to 2.75%
certificates
&
Hutzler.
99.3899,-;Othex!biH&,,ic3'i
The First Boston,.Corp*
Harriman mpley^fe
were:
99.18y
t99,28f;,
"'.i■"<}-,• f*******'«I
Certificates are dated May ly 1948. - Unconditionally guaranteed as ,to payment of principal and dividends by endorsement by Pennsylvania ^
99.14.
issued under
issuance
The
agreement
an
of
,
.
■
plan.
These certificates are to be/
dated May 1, 1948, which will provide for ,
principal amount"" of Certificate^ |p he^
$39,240,008
by
standard-gauge railroad .equipment
new
issuance
Others
Stearns
in-tha
&
Co.;
.'ef^timate^.ta*jws,t.4
]4
.
and sale of
these certificate^ a/^.y&uoject to (authoriza¬
,»,^y'-yZ
tion by the ICC.•
'
Issued under the Philadelphia
RR.
com-!
the
(jointly),
Bros,
State
pther jjoints in and ouu 01 ryqrida xs provided through
yieftL
according
awarded April 21 on a bid of'
was
2(4%
Bros.
Lehman
provides
■
21,625
{Cr581,000:
!..
.
$371,168;
deposits
$118,058;
3%%
not less than $49,050,000.
service to
*
73,947
"
.; $2,652:265 11 $2,951,344'
SHEET,
wages,
secured
Toll
' "
unearned transportation revenue- and
;•
tpll, snvice between. All
of its own exchanges end in some
between it's etbhanares and
the exchanges of other telephone companies in the. state of Florida.
and
532,086
......
y> 99,706
75,091
accrued interest,
$430,937;- reserve
damage to aircraft, $100,000; common stock (par value
$479,083;
capital surplus, $2,833,729;: earned surplus
202,266; total, $15,969,009—V. 167; p. 1697.
Highlands.
lines
43,057303,672
y.
taxes
and
was
was
;
{Credit resulting from carry-back provision.'of
Code.; y,y'y.!.yyyy-:/: -yj'J-:
V
■•••'/-:' '*'
and
toll
and
2, 1948 to May 1, 1948),,.$4,000,000; accounts': payaW?,
transportation
taxes,
employees'
withholding taxes, etc.,
$669,224
public utility operating wholly within the
present time serves approximately 79
87,500
345,063
344,750
banks, $2,507,733;;! "
U. S. Government bonds, 2 (-4%, 1.957-62, at cost, $920,000; receivables,
$1,770,767; maintenance and operating supplies
(at cost), $329,218;
inventories' of replacement parts for operating equipment, at approx- ;
imata
costs
(less
reeerve
of $309,271
for obsolescence), $1,293,021;
engines ($1,434,267), and equipment and replacement parts purchased/
for flight equipment, orders for which have been cancelled (at cost),: ;';
$1,784,889; property and equipment (after allowance .for depreciation
of $5,815,194), $6,616,818;
uncompleted property additions,. $153,099;
.investments in and advances to airline service organizations, $54,391!
prepaid expenses and deferred charges, $283,038; unamortized debt
discount and expense, $256,035; total, $15,969,009. 'y.y*
'
/..y/y'
140,313
$601,928
:{$952,525
.
y
*!!_*.——
BALANCE
ASSETS—Cash
51,332
110,867
104,511
,;
y "4" 21,846 '
6,948
exp;!«i/? 117,982 y7. 248,017 !! ' 104,588
expense!: ; y!/20,212y^yr
27,569 ., yyy 5,022
income
fIncome.
Internal Revenue
!
..
$990,037
{$848,014
;y';118',651
income_*i!!-->
!**—**
32,647
107,336
,
.
for
loss
♦Adjusted,
the
from
deductions
Provision
$860,919.
$1,211,501
the
owns
..
*y
munities, 42 of which are incorporated, in the Counties of Hillsborough,
Pinellas, Polk, Manatee, Sarasota, Pasco, Charlotte, DeSoto,. Hernando:
company
$1,947,519
company_y-_!!*!!!*t""
service
airport
$828,272
14,367
BUSINESS—Company
is
convert-
of cancellation of aircraft
$254,623; 15-year
1960,1 $3,850,000;
1
•
developt. and extension
$398,161;
f/y'
,
526.353
LIABILITIES—Notes payable to banks (maturity date
$1,112,887
the conduct of the business for which it
The
of
$2,473,872
118,424
;
equipt. purchrse contracts*
of training personnel for
new
equipment program
—
Propor. share of operating loss of
319,425
1
^y;y/:yyy:%-y^y-!^y..**•«.
Route
497,524
33,308
:
Feb.
incorporated. in Florida
June 20, 1901, for a i>eiiod of 99 years.
Company was. organized for/
the purpose of constructing, maintaining and operating
a telephone
system consisting of toll lines, exchanges and local distribution systems
throughout the State of Florida, either separately or in conjunction
with ether companies. Since date of incorporation, it has been engaged
In
3 (a%
15-year
on
711,491
'
31*
$1,951/239
1
ible income debentures!*-_
y
341,753
'
.
; *1946 *1)45 $19,225,781 $17,867,219 $10,978,973
21,177,020
20,341,091
10,130,959
^
*-.
563,364
;
with
...
FOR-YEARS ENDED DEC.
loss
854.507
26,350
.
";y;y.^:y^!:!V!(-V::1947"
revenue •
income,
Interest
,
401,989
—
.
certain
Other interest expense^
950,600
22,052
In addition, the company, has
$1,332,815
of
income———
31, 1947, including related spare
Expense
984,000
premiums
~
;
fleet of aircraft was
original cost of this
INCQME .ACCOUNT
Operating
Cost
$1,340,892
amort,
has
Airlines
Amortiz. of debt disct. and
.
•
y At Deb. 31Y1947 current assets amounted to $16,724,097 as compared
«?«mnt liabilities of $5,648,948 (exclusive of debt maturitles .witliin
'
v
fey
and
disct.,
The
propellers, was $4,418,570.
f
Other
$4,602,856,
1,295,544
1,484,216
!!
...r.:
fleet of 23 twin-engined
DC-4
passenger
aircraft;
four-englned
21
.
sub¬
$1,335,051
5,841
—^
aircraft;
Operating expenses
687,000
'
The
.
495,105
declined
miles
y
,
.
'%:;V"v,vyyy;"v.
'1944
•
passenger
;
■
in gross revenue, an increase of 301% over the previous,
with an industry average of 110%,
Air express
from $554,631 in 194G to $711,582 in 1947, an increase
Government.
S.
3
718,000
Miscellaneous deductions
256,671
_
10.
fcfr
"
Revenue
1
other property and equipment, having
a
book value of $1,784,889 which is'classified as marketable but not
in use,
This equipment was almost entirely purchased in anticipation
of
the company's plans to re-equip itself with
newer aircraft.
The
largest part of such equipment comprises 136 Pratt
Whitney Model
R-2800-83A aircraft
engines and spare parts for these engines,, all
valued 'at
more
than $1,765,000.
These engines are new and have
been kept perfectly preserved.
They were purchased As surplus follow^
ing the war at a cost less than one-half that now; being "charged
for
a
later model.
The company plans to use these engines in any
xeequipment program which .is formulated hnless 'it 'can, "hr the ^in¬
terim, negotiate their sale on very ''favdrable terins.'' '; ; : y • ~ '
,
y£ Other items
...
increase via working
w-
income
Total income
49'>;
$2 000 000
.......
^
income
Net opcr. income
$22,444,285
redeemed
U.
Operating
408,859
on
taxes
HISTORY
Total
Dividends paid
naid
;
Invested in common stock of Michigan Gas
Storage
Purchase price of preferred stock retired—
1
Other
109,853
Expended for property, plant
L;
Federal taxes
549,098
:
'$4,979,739
1,008,656 !
1,199,543
depreciation-!
previous.
compares
passenger
Capital
' 4,500,000
non-cash expense
Debentures
for
1,100,500 passengers in 1947 as compared with
approximately twice the industry average.
Dec. 31, 1947 the, company operated a
YEARS
CALENDAR
1945
1,878,585
2,210,680
Maintenance
Prov.
FOR
112,922
ground equipment, buildings and improvements to leased facilities
a
total book value of $2,198,248.
' '
y
;. ■
'v...
:
194G
$5,421,231 T $5,584,222
Operation
Literesl
amortization.!
»
♦Operating revenues
Other
$7 834
EARNINGS
$2,327,422
rose
engines and
to
1947
year
$9,134,332 and the book value at Dec.
directors.
OF
the
in
$615',513
which
the
preferred
the board of
of
•
twin-engined C-47 cargo aircraft and 2 four-engined C-54 cargo
aircraft, making a total of 48 aircraft of which all wer? owned
except nine of the twin-engined DC-3's which are under lease from
have
stock
206,323'
$63,262
2
$10,000,000.
{80,000 shares of
been serially classified as the
stock.
The
remaining
120,000
unclassified but subject to classification and issue pursuant
resolution
io'qoo'ooo
depreciation, depletion rand
are
indebtedness
preferred
cumulative
$143,061 *$2,214,500
-
207,109 >
Orx
or
disposition;
'<•;
•
Disposition of Funds:
Pfyi
on
INCOME
their
,;i
$3,256,625
5,471,125
\
373,000,000 to 292,000,000.
DC-3
•
par)—y,.
total
■r
$221,314
'Loss, y
of
$3,274,000 y,
1,500,000
200,000 shs,
t80,000 shs.
250,000shs. y
212,244shs,
*
'
'
.
Outstanding
:"yAuthorized,
y :
series due 19G7__
stock (par $25)_
CONDENSED STATEMENT
/;■
the
(no
limits
cumulative
shares
to
year
-
.Promissory notes
y. Other
general
; ,yy. "
"1st Quar.
$40,267
174,672
other
series due 1975__
preferred
stock
company's: 81
following tabulation, explains the source 6t thb funds the coin-
.vyy,;;'. feource of Funds;
t»
the
net
this
on
"
pany had available for expenditure during
.
be
to
Common
"^Charter
29,
was
27,
-y^y1
program and
the company
used,
so
y,y.
bonds, 3Vb%
(Cumulative
as
the
new natural gas facilities during the
treasury for funds
for
year
it
Feb.
is
$166,842"
*$46,642
deducts.—
loss
revenues
placed in The general funds
corporate" purposes including
be
non-
.
before
York,
carryback
■
.•
.
profit—
income
year,
and
yy
^??- T/Vn au und,e1' thl6 Credit Agreement at the same interest;
!,
^Ur. driL\ connection with construction expenditures
u»M*ing the year 1948. tThis
I
for
New
tax
"/•
•
5,144,206
program
1st mtge.
1947 $10,000,000 of the $20,000,000 made avail-,
through the Credit Agreement with five banking institutions'
.referred
to
in
the
annual
report .for the year 1946.
These funds
Arrowed, at an interest rate of 1.875%
The remaining $10,000,sole to
'
income
......
the. company's
used
will
Wall'St.,
•
net loss of $3,532,344
a
Federal
a
2d Quar.
for
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING '-.yy
com¬
for
is
$12,300,000.
and
-
.
During 1947, 2,500,000 air lreigbt tort miles were, generated as com¬
pared with less than 500,000 ton miles in 1946.
Air freight accounted
y .y
proceeds
1st mtge. bonds, 3'/a%
in
eliminate
to
$7,243,134
year
net
income
net
to_ ^provide funds for the 1947 construction
reimburse
borrowed
1947
year
the
restated
credit
$114,700 dividends received
investment of $2,250,000 in Michigan Gas
Storage
company s
I
^591,298
for
recurring tax credit in 1946, was
compared with $7,834,432 lor the
;
of
yy..-
the effect of the non-recurring
income taxes for the year 1946, the
Federal
feet
in its history.
While.operpreceding year, this increase
higher costs of raw materials
eliminating
puting
cubic
23
.'/'y'-y,:...
compared with
applying
.
1,343,900
sales
of
over;
by higher
147
Incorporated,
,
,
'■■■'.y-
y„y-''
$5,458,053
5,344,992
from
expansion of the'company's plant and facilities.
In ;
of betterment and expansion which may be undertaken,
the general funds may be supplemented from time to time from such
income
sources
as
are
available for
this purpose
and, if required,
by the sale of securities and by borrowings.
:
y The company for" a number of years has had under way a con¬
tinuing program for the improvement and expansion of its existing
facilities.
Due
to
changing conditions this
program
is subject toconstant re-examination and change.
It is currently estimated that it
will cost approximately $3,450,000 to complete items already approved.
any
'
Co.,
&
.'.y*.■
company
betterment
tacluding Brat:Uf Uruguay, Argentina, Chile; Peru, Ecuador, 'Columbia
and Mexico.
The completion of the over-all
program
is
Panhandle Eastern
the
of
Guatemala
estimated
Morgan
PURPOSE—The net
f
^ the Hotel
ir
P.
scription agent..
as
before
year
The company carried
Such rights will
share for each five shares held.?
one
.
resulted in a net loss of $2,652,265 after
for depreciation and $701,026 for non-oper¬
3d Quar.-l,i
;
expire at 3 p.m. (EDT) April 29, 1948.
The company is
also receiving subscriptions from certain of its officers
and employees during the subscription period up to 2,400
shares of common stock not subscribed for. by the stock¬
holders through the exercise of rights.
This offering is *
being underwritten by Morgan Stanley & Co. and Coggeshall & Hicks, together with G. H. Walker & Co.
'
Intercontinental
i
the
.-'Jyy;yy::y
■■.
55,383,533
5.216,697
Net
Offered—
April
share for 35,374
stock (no par) on the basis
common
$2,258,191
/
the right to subscribe at $37.50 per
35
of
Operating
*1946
$18,528
$0.05
.
./.
4th Quar.
.
Peninsular Teleplione Co.—Common Stock
Corp.'s
hotelr,
-
yy
•
in part:
Operating expenses——_
pY2l07.y /
166,
says
'
1947 than, in any year in its
$194225,781/ as compared with
totaled:
-■
■.
.
Other
—:
—-;
1943.y
The company is offering to stockholders of record
shares of additional
organized
y
carry-back of $220,000.—V.
;
y.
to be
company
17
as
sedans,"
sidewalls
seven-passenger
Pan American Airways Corp.—Hotel Unit
i
in
installed
being
are
.
commercial
straight-eights
new
models.
The wide-cushion tires
equipment cn' all except the heavier
,''yy :i---r,.y''"v,yVy
1947
year
change
to
y
;
$5,097,564
■
stock,
charges and taxer.
Inc.
greater in
was
revenues
results by quarters:
'
:
-
1947
$614,101
share.^.—. $1.76
after
the customer."
individual
1946.
for the
proposal
a
Airlines,
Operating revenue.?_„„
Peninsular Metal Products Corp.—Earnings—
as
Packard's
of
(at original cost),
Calendar Years—
1
began installing these newly-developed tires just as
they became available in sufficient quantities," he explained.;
"They are being put on as standard equipment—-at no extra cost to
soon
$6.68
taxes
profits
excess
'
for the
credit of
.■-/* ■
r'\.:
'
The r.ct loss for the first quarter of 1947 substantially accounts for
the loss for the entire year as may be seen by the following table of
previous
without par value, authorized and
issued 1,620,000 shares), $20,250,000; paid-in surplus, $275,000; earned
surplus (restricted/ as to payment of dividends, to the extent of $11,036,728), $19,997,682; 4% cumulative preferred stock, (par value $100),:
$13,750,000; serial debentures
($2,000,000 due May 1 of each of
the
years
1943
to
1971, inclusive),
$48,000,000;
promissory notes
(principal payable 5Vz% each March 1 and Sept. 1 from March 1,
1948 to March 1,
1956, balance payable Sept. 1, 1956), $10,000,000;
accounts payable, $1,318,325; dividends declared and unpaid, $137,500;
accrued State,
local and miscellaneous Federal taxes, $505,108; ac¬
crued
Federal income
taxes, $3,496,371;
accrued Interest, $186,125;
long-term debt called
lor redemption
(including premium and in¬
terest), $5,520; non-current prior years' Federal income and excess
profit taxes, $1,995,098; other deferred liabilities, $56,324; reserves for
depreciation,: depletion and amortization of gas plant, $29,684,501;
reserves for contingencies, $805,414; reserves for injuries and damages,
$380,000; contributions in aid of construction, $146,735; total, $150,-,
969,701.—V. 167, p. 1260.
in
Engineer.
and
income
approved
21
Capital
$581,000.
BALANCE SHEET—DEC. 31, 1947
'
y< y
LIABILITIES—Common
,
(Continued from page 16)y.'Z,
Packard Motor Car
Federal
in
to
revenue
Operating
charges (netj
ating
790,104
$131,495,554; investments in
common stocks (at cost), $2,306,503; cash in banks and working lunds,
$4,190,686; special deposits, $148,546; U. S. Government obligations
(at cost), $6,501,014;
accounts receivable (less reserve of $22,000),
$3,354,750; materials and supplies (at average cost), $2,529,101," de¬
ferred charges and prepaid accounts, $443,548; total, $150,969,701. y
4-21
vf
,.//'•■ yy
.<
investment
v
)■'
$4.49
sh..
common
reduction
company's
deductions
2,430,000
ASSETS—Gas plants
...
General Corporation
i
y
Canadian non-residents' tax.
deductible at the source.
Non¬
; ,• ';//.■ (;„i
v.-. Vy"/'
tax
1,620,000
737,619
3,240,000
$4.28
1,620,000
April
on
corporation
operating expenses.
The year's
operations
■
4-15
dividend.
560,000
4,050,000
$4.40
'
yy-'y-.y "r w y.'-y. '
Operating expenses amounted to $21,177,020 as compared with $20,-
810,000
557,500
4,860,000
: y y-yy-yr
y
,
Wages and salaries continued to be the" major item of expense in
1947, amounting to $10,405,484 which accounted for 49%
of total
136,465
...
27Vi
-
1591.
this
341,031 in
$6,204,523
..—
dividends
dividends
refinancing consummated during the year
from
4-20
7-31
-
Cr43,586
Co
&
$17,8G7,219 in 1946.
Non-mail revenue (passenger,- freight," express
and other) declined $1,318,995 while mail revenue increased $2,677,557.
approximately $1,226,000 resulting from the company's'election, to claim
amortization in the year 1945 of certain facilities covered by a cer¬
tificate of necessity and from the redemption of securities.
{After
reduction in Federal income taxes of approximately $450,000 resulting
4-13
5c
137(40
County Gas Co...
yuba Consolidated Gold Fields, Inc. tquar.).
Sellers, Ltd,, common (increased quar,)...,
closed
;
shares—.—
pfd.
Preferred
50c
York
not
$7,676,005
140,000
4-19
Vates-Araerlcan Machine Co. (quar.)
,**.
25c
yellow Cab Co., common
25c
6%. conv, preferred, (quar.)37'/2C
6% convertible preferred (quar.)......
37VaC
books
$7,693,134
140,000
5-19
*i_Wi—..25c
♦Transfer
$7,834,432
137,500
1,620,000
6-1
'.
'
preferred
to construct.
0192,051
5Cc
25c
%■ Monthly
$7,211,086
1,061,146
Cr28,583
Cr26,500
Cr74,829
Common
4-24
$8,649,618
1,209,250
The
1,006,599
<
y'%: f
27li-W-'v
1
The annual report
4,570,788
$8,626,848
oper.
!r-
percentage
follows
as
iVyy.'-.^^•'^■Perceiitage
y
stockholders
of
name
history.
of common shares..
No.
1,000,720
♦2,000,000
Crl74,092
4-
1
1,111,121
{2,735,000
Cr55,277
25c
......
1,401,200
$8,738,452
1,175,425
from
Telegraph Co;—American
Pennsylvania-Central Airlines Corp.—Changes Name
1,033,536
3,500,000
3,606,000
1,117,736
5- 1
6-1
5- 1
$1,25
$$3.50
3,700,000
—
income
of
No.
4-15
4,000,000
Crl51,227
chgd,
Net
1,146,157
167, p.
The
6,469,345
7,505,605
1,323,392
(net)
4-15
r—v.
iS
eniS
9,768,208
funded debt.—
on
Int.
ri
riAft
ft
•
purchased by each, are
be
Hicks___^__
&
Walker
H.
G.
Income
profits taxes
Other int. deducts,
■
5%
earns,
5-17
5- 1
5- 1
20c
-5%, preferred (quar.)—*..*****,*„
Wood, Alexander & Jajnes, Ltd.—
7% 1st preferred (accum-).........
Woolworth (P. W-.j
Co. (quar.)..
...
Wrigley (Wm.), Jr. Co., com. (monthly)
Monthly
Monthly
excr
A/t
1,339,362
4,500,000
6-14
Corp.—
*_**
........
taxes
and
—
10,966,566
...——
normal
Federal
»/./•
«
——...
Federal
4-20
Coggeshall
$30,433,975 $27,676,173 $24,002,100 $23,791,354
AttCk OiA
revenues—
*
depl. & amort.
local and misc.
Deprec.
4-20
.
50c
...
0%
6555v 67-
$1.25
25c
$1.08(4
—_
.
operi
Total
Operation
Telephone
Co.'
Morgan Stanley &
gas
Maintenance
1
1
1
1
1
1
$1.37'/a
'
50c
1944
1945
1946
1947
revenues..;. $29,043,668 $26,837,610 $23,020,342 $22,619,867
Gasoline revenues...701,021,
368,030
416,538
576,508
Procession of nat. gas
655,298
451,521
548,704
508,539
Misc. opcr. revenues....
33,988
19,012
16,516
14,440
4- 9
5- 1
Craraptou.,.:—**^*—**——,i
Wisconsin
-
Total
-
....
(quar.)_—
...
5-1
$1
......
—
i$4^25 preferred
1
Products~
$3.75 preferred
(quar.)
Wheeling & Lake Erie Ry. Co.4% prior lien (quar,),.
s
cony,
preferred
(this issue being
called for redemption on May 1)
White Seuing Machine, $4 pfd.i (accum.)
$2 prior preferred (quar.)_y—:
Wllbur-Suchard Chocolate, .$5 pfd, (quar.).
Wilson & Company, Inc., common...
Wilson-Jones Co.
$1.25.:
$1.25
(quar.)_
Bell
UNDERWRITERS—The names of the. underwriters and the
,
■
■
,6%
Soul hern
Telephone & Telegraph Co., Floilda Telephone Corp. and Inter-County
Telephone & Telegraph Co.
...y. ,y.';y
,&»*f
reflects one
the company's history with adequate
the
of
1
5-15
8-16
11-15
<quar.)__
(quar.);
Common
Co., common
(quar.)
Common
.
Wften
yr"y^ -y yy """share"'"*Payableof Rec.
Monday,- April 26, 1948
& FINANCIAL CHRONICLE
COMMERCIAL
Cr':
offering syndicate are:-R. *Wy Presspnch & Co,; Bear,.;,
G. Becker'& Co., Inc.;' Blair" & Co., Inc.; Equitable!
A,
Volume 167
•"> Number
4693
THE
Securities Dorp:; Gregory & Son, Inc.fiHarris, Hall ft Co.-(Inc.); Horn-, \
blower & Weeks; Otis & CoXInc.ir Phelps, Fenn & Co.; L. F. Rothschild
A*
'
John
& Co.; William Blair & CO.; Burr & Co., Inc.; R. L. Day & Co.; First
Michigan Corp.; Freemen & Co.; Graham, Parsons &-Co.; Hayden, v 1
Miller & Co;; The Illinois Co.? Keen, Taylor & Co.; Wm. E; Pollock
v
Co., Inc.; The Wisconsin Co.; McMaster Hutchinson & Co.;' The Mil¬
A
waukee Co.*;
Mullaney, Wells & Co.; Schwabacher & Co.; Thomas & Co.,
and F. 8. Yantis & Co.,Inc.
A u-.ji.--r-A".^ ,A/
:
'
The* ICC
A
and
April 8
on
liability,
authorized
the
to
company
ranges
■*
,
': —V.
guarantor, in respect of not exceeding $10,995,000 of
certificates/ series 8, to be issued by the 'Fidelity-'
Ttust Co.f as trustee, and sold at 99.609 and accrued
connection
167, p. 1591.
with
the
,
V5,;vAa
Philadelphia Electric Co.
-
Horace
P.
—
Liversidge,. Chairman
certain
of
procurement
/ "
the
board,
to
date.
company's
of
230
ranges
appliance
a
year
/ /,//
operations
the
in
addressing the
^stockholders' meeting held on April 14, said that the necessity of
/ v major plant expansion, and rising costs, are the most important prob:
lems confronting the electric ^utility-industry today.
,;y,
'
■A; - "At today's inflated prices/' vhe stated, "a dollar,, will purchase
iv
; materially, less
phys.ical property than at any time In the past 11
;
*
years.
Thus/it is essential that we effect every possible economy so
"■Maintenance
150
plant have
been
the
of
material
will
company
reductions
of
show
a
stated,—V. 167,
1260.
p.
The
Bankers
Trust Co.,
16
not
achieved
■
until
v .
vNet -revenue
y Auxiliary
Total
our
earnings may
continue
postwar-inflation.'4
"
•
V
that
indicate
construction .program,
.
present
level
in
spite of
K'AA;; •-A
-Present, estimates
*•,
at-the
the
in, dull
now
of
cost
swing,
will
*
>'
ri'After-allowances
* -
r. •
pmosiblo
•.
the
order.
■
this
company's vast
aggregate some $235,-
..
for
-
-
Sales of electricity
.
industrial customers soared to
to
'Includes:
of 5.7% over the preceding year.
.continued -growth .in. this class- of business was indicated by the ;
«b,.ftvfact "that 1947-Bales-were greater than in any peacetime
year, being
'-tThe
'->neariy.fS0% higher, thah in
jl>
1941, the last
Commercial-sales .increased
.
sales
37%
in
before the
year
the
two years since
Hawover, they
«s possiblo. ■ ■
in
mlwoyo
or*
oxmet
and
war
u
nemr
Mr.
for
increase
."1948,
preceding year.
said,; "increasing
is
for
expected
%
For
rates
our
yar."
•
-
the
Liversidge
the
service.
gas
increase
to
"For
the
costs
The
new
by
revenues
approximately
steam
reason,
$345,000
rates
year,
a
25
Nov.
The
:
A
a
at
electric
1
//■:%/
tion
for
output of
the
week
the operating
ended
April
this
by
the
New
Chemical Bank
Y.'
.York, N.
10iy2 and interest.
Trust
&
y /y; yV
above bonds
Co,; corporate
"
(& Subs.)—Earnings—
Three Months Ended March 31—
Net
1948T
'
sales
depletion
210,003
'Selling, general
•
Gross
Other
and
administrative
profit™—
Total
Other
income——————1——
deductioa.s________—
Federal taxes
on
iJ.
—
paid--.
No. of common
Earned
—v.
per
9' 515
$1,028,545
231,875
•
share_^~—-—
$0.79
1,327,500
I
.
A
of
nal
$1,000 bond:
'.:%'-yVyI'yV-'y,y
y-yVyy.
••
10. •" '•
A
4tlu
280.i
y
*
1 3/10%
7th
■**
8th
,
150.
y
'
v-
;;
9tl
13tl
y
■V" 250.
1 oth«^.—
:
17th—
18tbA%———__L_
3.45
9/10%
4.35
*Moheys available
y 350.' .'
to
'
;
PRESENT
Dec.
28/46
754,883
,
$5,237,080
$5,807,430
A 112,780
$5,537,474
.
14,523,401
A; 300,394
■*'
$5,920,210
Outstanding
$20,770,000
3,000,000
102,000 Shs.
■A 838,434 shs.
1946.
♦
of
common
stock
/ /;' A: /y ■■ "-1:=";■ ■"'////;/;. //
./>■:
■<
■
■
63,626
83,272,196
$3,424,308
2,052,865
2,462,730
•/;.':
$4.30
share—yyyy-y_y-A_y/,
$4.06
and
New
York
State
bonds
and
New York City
cost, $135,397;
depreciation of $8,-
for
(with
value
thereon
(issued
earned
but
including
not
$5,108
dividends
declared, $880,608; 'common stock of no par
shares), $10,066,203; capital surplus, $861,546;
total, $25,504,523.
•
•
'
805,045
surplus,
$6,623,762;
,
NOTES—In
tracted
January 1948 Cushman's Sons,
Inc. subsidiary, cbnpurchase a large plant in Long Island
City, N. Y.t for
in cash.
This
subsidiary may conclude to
to
Period
and
take
long term lease of the plant.—V.
a
assign th©
166, p. 1997.
Communications, Inc.—Earnings—
End.
Operating
Operating
February—
1948—Month—1947
revenues
$1,035,786 =
expenses
y_.
Net opcr. revenues—y
.'■t
Other communicat'n inc.
1948—2 Mos.—1947
$918,827
$2,183,702
897,331
2,005,803
973,829
'
$61,957
$21,496
Dr3,262
Drl2,264
$1,915,972
1,847,857
;
$177,899
Dr7,5l5
;
/ $68,115
Z?r28,648
'
the
com¬
Since then, the company has paid quarterly
stock of 39 cents per share in June, Sep¬
common
common
$3,487,934
62,173
accruing to parent coparent companies stock——
on
Operating
of
...
$3,334,369
stock (quoted market prices,
$143,412)—at
plant and equipment (alter reserves for
BCA
/
13,241 A'/V
2,143,145 Z2,
\\/;/•
payable and accrued expenses,
$2,323,869;
Federal income tax,-$2,048,535; 1%%
seven-year promissory
annual prepayments of
$300,000 and a final maturity, of
$1,200,000 July 29, 1953), $2,700,000;
subsidiary company's 7% cumu*lative preferred stock in hands
of public
;:
4,478,000
'
*
•
46,719
LIABILITIES—Accounts
note
accrued
■■:■;
V:
"stock
pref.
•
Government
reserve
Ordinary
/■ /'"
•
.
income
$50,695
Gross
7/
$170,334
Dr 1,978
4,785
ordinary income
1
$9,232
(
7,522
JDr4,798
$34,66^
.;
income—non¬
communication
A'
$63,480
$7,254
$177,906
inc.
26,189
9,792
ordinary- incomeExtraordinary inc. (Cr)
$37,291
,:'$2,538
$139,018
$39,467
38,888
Deducts,
from
ord.
Net
Extraord.
inc.
9,354*
(charges) A
Not
income
Deducts,
Net
to
—AyA AA
from
inc.
"
net
1,479
12,013 ;
AND
26,573
11,436
/
21,635
,
*$12,495
19,050
3,804
$143,956
65,100
$15,582
:
$14,553
2,440
'
/
$34,632
inc.-
20,111
;V
*■'$16,299
$78,856
"Vl/L
22,436
/ *$5,433
9,400
.
transferred
earned
surplus—
"Deficit.—V,
to
its
electric
transportation
Oct.
1,
and
business,
service
the
over
also
company
53.8
1945,
Goffstown, N. H.
the
sold
company
;
its
/
route-miles
,y
in
furnishes
and
167,
Radiomarine
be¬
/ >$14,838
1368.
p.
gas
properties and ceased
the
shares
100,759
tocbe
operating
revenues—AZ———y——/.
Total
operating
expenses
;/
'-/y,/
Percent.
(Ine.)
-■
y
-.
"Percent.
%of 1%
moneys
interest ,to bondholders
.
5.00
-
*
a
tChecks wUl be mailed to all; registered holders of record.
■
// ,4 a*
:.Any bonds .which have not beenv registered
pursuant to the various
plans of reorganizatiqn„• since -March -1, 1038, should be.
presented Tor >
stamping and registration in order to receive the above
mentioned:
-•
Corp.
&
——y——y——:
&
Webster
—
•
Securities
A————
y ;/
Robinson, Rohrbaugh &
Lukens
—V.
/
-
,
'
.
.
.
..
C. Wainwright &
the
See
.70
Co.—Inc.—.
.50
.50
V'A/
Pugret Sound Pulp & Timber Co.—Split-Up— A
The
.70
.70
L. Putnam & Co., Inc.—
E. S. Dudley & Co.,
Shontell & Varick—
H.
/
1.00 =
2.40
„———„—_~A
167, p. 1697.
-
F.
3.60
Hallgarten & Co
y—.. 2-80
Hemphill, Noyes & Co.—
2.80
as.prac¬
A
Webber/ Jackson
Curtis
5.00
,5.00
•
' 5.00
William .R, Staats, Co.--—.
being
released by the orders
of record as provided
previously/authorized distributions.—V. 166, p. 1724.
& Co., Inc.—yy——
A. M. Kidder & Co.Z——
5.00
Moseley & Co.A—y
Stone
distribution
soon
S.
Paine,
judge providing
As
Co,;, Inc.——™—
1.80
Townsend, Dabney & Tyson
1.80,
Chace, Whiteside,
Warren
& Sears, Inc..y—1.4g'
Saben & Co., Inc._-—; 1.45
Perrin, West & Winslow,
fine. - '—A yy—--.A A—A_—
1,10
Prescctt,
Hawlcy, Shepard
Estabrook & Co.—„_y_A,5.00
1.40
were
Stroud &
5.00 /
Graham, Parsons & Co._—_
Harriman, Ripley & Co,, Inc.
Homblower & Weeks—y_*___■
F.
.
;v
approved- a Two-fcr-one spli%up of (*
common stock;
effective July 15, to holders of record of July 1.
V. 167, p. 1155.
/ * '
"
stockholders
on
111,223
$10,991
*$28,888
21,924
;
24,797
April
20
.$32,915
A.
*$4,091,
3,834
Net
income
V;
3,510,
•
$29,081 '
*$7,601
ri.oo°
Net
income
transferred
"Deficit.—V. 167,
p.
to 'earned
surplus—
/ Cr 1,840
$18,081
0 $5,761
1592.
//'•/..A-v\j
.
5,00
1.32
~2J3
$82,340
97,893
Operating income
Ordinary
income, • non-communication——.
remaining 38,980 shares of common stock being offered by the
company initially to the holders (other than Nepsco and Northern)
of its outstanding common stock and the percentage of Nepsco and
Northern stock and of unsubscribed stock to be purchased by each,
1.50
2 Ya'/&.'■
1947/:
$108,884
of
4.50
■'
j/2 of 1 %
1948
Total
purchased
Central Republle Co.
2.28
Corjp./ of/.AmericaZr-^EarningsL-
Month of January-
///;/:•'*:"''//, VA';'-A:
/ Railway Express Agency, Ine—Air Shipments
Air
make
27,'47
368,178), $13,231,779;> leasehold improvements less
amortization, $81,886:
goodwill, $1; total, $25,504,523. -A A
''A-vA
-■
:
FINANCING
2,500,000 shs.
public ^ale
1 %%
for the release of
these, moneys.for distribution.
ticable after the orders are
signed, the
and any
:*■
1,337^938
net income
property,
express
Express
by conrt order. At the time of this
publication, orders
prepared for signature by the Federal District Court
wiH.be distributed as
by the court order.
A
16,314.720
note^yA-ZA
promissory
per
corporate
8.2%
None
"i
',
CONSOLIDATED BALANCE SHEET AS OF DEC.
27, 1947
A:
ASSETS—Cash, $3,985,544; U. S. Government securities
(at cost),
$3,425,000;; customers' accounts receivable (less reserve
$51,753) $385 509;; sundry trade
accounts/ claims and advances, $51,214; flour, in¬
gredients, supplies and products (at lower of cost or
market), $3 446516; prepaid expenses, $166,727a sinking fund—cash
appropriated Tor
retirement of subsidiary preferred stock,
$32,984; sundry mortgages
receivable, $561,966; Statutory deposits with state
authorities—United
fur*,
17.05"
payments on account of interest in the
Filtn and Sixth Series and to make an
additional payment on account
Of Interest in the Ninth Series have been
withheld from
,
initial
% of 1%
■
380.
'100.
TO
par)——
/.are as follows:' .y.'/v y>'
•■a/'V.:
'//A.
3/10%
'*
16th—1
Consol.
Dividends
3%%' i ;"f'
:
:300.-;.
on
Earnings
None;,
60.
:.
877,017
A.
Net income (all
companies) u/—Z:y_y-//_Z^
Divs. paicl or accrued on subs, co's
7% pref. stk.
In hands of public from that co's
net income-
.None
330.
14th—
"
'
31/10% ;
.
250.:
■A
V'"'
*
2
»450.
12th.
EFFECT
■/
*
550."
30tl
'
2
'
lilfh-ik,
Dec.
the
of
5.32
.
150.
■
"
tax_yy„y//ZyZ/Zy
yy
names
of
the
principal underviTiters
of
common
stock
("Nepsco ;tand Northern
by them from the company as a result of
the waiver by Nepsco and Northern .of the right to exercise the sub¬
scription warrants issued to them and (b) the unsubscribed portion
6.50
19/10%
■
Paid Off
—
:'".y y-y-;..-/'; 'y:'v
GIVING
share.y
per
coach
stock")
"•
Paid Off
100,000
(& Subs.)—Annual Report—
»
the
and
. ,
UNDERWRITERS—The
y',.
In Dollars
A
None
5thI__^J_.
borrowings
; jt. - y
expressed, amount.
Manchester
On
None.'./;,;;
'
6ttt
bank
p'jrt-p,opes;' including the
;-y -
y/y,
■
($10
its
on
addition
In
(u)
y%- 90.
500.
corporate
program.
operations as a.gas utility.
With this exception there has been no
major change in the general character of'the business of the company
during the past five years.
"V.
A>• A'AyA ..//•//' y- '
*
AA_LAi- L
;
!
^
■
Interest Rate
Principal
3rd_i__
550,722
280,703
r521,783
,
taxes, y
Z
over1
States
share.
per
BUSINESS—Company was incorporated in New
Hampshire Aug. 16, 1926.
Company is engaged principally in the
generation of electric energy and Its transmission, distribution and
sale to
about 113,100 domestic,
commercial, industrial, agricultural
and municipal customers in the cities of
Manchester, Nashua,' Berlin;
Dover, Keene. Laconia, Rochester, Franklin and Somersworth and in
155 towns, all in New Hampshire, 6 towns in Vermont, 3 towns in
Maine and 1 community In the Province of Quebec, Canada,;
Ay:
tween
Present Unpaid
Series'! 'M- -)i'
y? AZ„L!J—-Ly—.
$23.75
short-term
other
construction
in.'May,
was
motor
this
of
company's
used for
i<;..y.//-y
HISTORY
A
$0.76
y;l';":y y'y-^yyy;yy,y y,.:,: y : y.;.yy-.yyy;y'-yy-yy
payment of May 1. 1948 to bondholders of record at;
business April f15, 1948, on the outstanding
publicly held
corporation will be as follows per present unpaid origi¬
the. close
be
its
stock
cents
45
/:
interest
bonds
■
and December, 1946, an extra dividend of 39 cents
per share
December, 1946, and quarterly dividends of 40 cents per share in
March, 1947, and 45 cents per share In June, September and Decem¬
ber, 1947 and March, 1948. It is the present intention of the directors
to pay, on or about June
15; 1948, a dividend on its common stock of
61L90Q
Prudence-Bonds Corp.—Interest Payments—
The
657,183
1,959
.
1,301.550
common
record.
in
328,783
shares'—i-'i—-
167; p. 852.
1
J
.
purchases price of subs,
par value thereof-,--. A_
Provision for. Federal Income
tember
$1,009,321
—
——I.
■:!,
=
Excess iof
$1,200,000
dividends
$1,630,736
>
640~O6O
Net. income-—
Dividends
j- 1
(est.)—
income
of
interest:
,
y-
company's
Common
68,223
$1,668,545
of
//.'.^Unlimited in
$1,562,513
130,815
y
—
of
by the under¬
being offered by them to the public
are
due 1973 ;y
due 1977
A, •/;
due 1978 /
Preferred stock, cumulative ($100 par)
160,000 shs,
3.35% dividend series-,—-a---'-
121,801
$1,537,730
————
income—^——.
■
Net operating profit
C Other income
Ayyjy!
agreements
pany
205,820
expenses—-
the
repay
fy DIVIDENDS—The
43,100
.
and
company
.'•/■ 'A A. ''A/';/ '."■'"•A'/ Authorized
■
y
1
■
bonds, ser. A 3'/4%
mtge. bonds, ser. B 2%%
1st mtge. bonds, ser. C 3J/4%
206,803
38,70o
:
•
1st
$13,692,128 $10,303,369
11,695,475
8,373,545
Cost Of products sold
Provision for depreciation and
Provision for local taxes
i
1st mtge.
'''• 1947*'
'
/ V A
"
;
,
Old
of
April 28. y
on
public offering price
CAPITALIZATION
.
Portsmouth Steel Corp.
$705,033
.'.AA//
:
Depreciation of plant and equipment!I
Selling, general and administrative expenses—
■(•
borrowings,
%%•
•
'/-///A/-'
$69,021,664 $89,114,596
Materials, supplies,' production labor and exps.45,027,633
36,690,944
Maintenance and'repairsyy/y/i^/:": a/———Z;'
*
1,565,214
:
'
construction program will require further financing
during 1948 and 1949 and while no definite determination of the form
of financing can be made at this time, it is the
present intention of
the company to raise the additional funds required in 1948 and 1949
in part by the issue of funded debt and in part
by short-term bank
Holders of the
may at any time receive
the full re¬
demption price, plus accrued interest up to May 17,
1948,
upon
presentation and surrender of said bonds,'—V. 167, pp. 1591 and 1475..
y'y:
to
The
'
Broadway,-
\,y.' 'yvy
y
(EDT)
p.m.
the
initial
therariee
Payment will be made
165
5
balanccywill
corpora-'
■'
trustee,
1368. A
p.
AAA
,,
s^s
net
1948, the first two-aforementioned issues at 102 and interest,
and the last named issues at
held
so
financing of such program, aggregated $2,720,000 at this date.
proceeds (after deducting expenses estimated at $53,000) to
be received by the company from the sale of the
139,739 shares of
common stock will
be approximately $3,021,258. Such
proceeds will be
All of the outstanding first mortgage bonds 4 ¥2% series due 1950,
first,'mortgage bonds, series B, 4¥2%, due 1950, and first mortgage
bonds, series C, 4J/i%, due 1950, have been called for redemption on
May 17,
shares
terim
The
.
.
at offices
five
PURPOSE—Company is engaged in an extensive construction pro¬
which has required, and will require over the next few
years,
substantial expenditures.
Short-term bank borrowings, made for in¬
17,
Pittsburgh Steel Co.—Calls 41/2% Bonds—
each
gram
Co.—Weekly Output-
companies served
payable
for
>
1948, totaled 234,972,000 kwh., as
compared with 212,576,000 kwh. for the corresponding week last year,
an increase of 10.5%.—V. 167, p. 1697.
yy
y.
... •
/y:.y xy
at
the
used
Pioneer Service & Engineering
Electric
stock
any
writers from
at
A/'A; j Z/^Z /A-?: /Aa/Z.Z
y
!
;
Co.
and
Northern New
England Co.
right to "exercise subscription warrants issued to them
evidencing the light to subscribe to a total of 100,759 shares of com¬
mon
stock.
Accordingly, these shares were purchased
ended
•
V1-./
Fiscal Years Ended—
Mc.
y
England- Public" Service
waived
11,196,000
—V.
y
TO
common
are
before
or
New
of
'//'//A-X/
' y-r
OFFER
of
by
volume
Augusta
Colony Trust Co., 45 Milk
Street, Boston, and Bankers Trust Co., 16 Wall Street, New Yolk. The
subscription warrants will become void and of no value unless exercised
5/.:
output of this company and its subsidiaries for the
April 17, 1948 amounted to 143,624,000 kwh., an increase
kwh., or 8.5 %> over the corresponding week of 1947.
167, p. 1697.
;
•
■rl■
week
of
share
one
Subscriptions
■
Weekly Output Increased 8.5%—
1
per
of
A-/XA-;, .y AV-a :•
A'/A.
'A;..
The financing of the company's expansion program is being pro¬
vided in part from earnings and reserves, and in part from the sales
of new
securities.
Approximately $100 million of new capital was
obtained through the sale of bonds and preferred stock—$50,000,000
in December, 1946, and $40,000,000 in February of this year.
:A
its
$23.75
■;
15
j67,
$154,162
1,714,432
1.009,399
619,433
—yZ/
^
Purity Bakeries Corp.
STOCKHOLDERS—The company is offer¬
stockholders of record April
13,4 the right to subscribe, at
share, for the 139,739 shares of common stock, at the rate
ing to
*'A: ••A:
last
present
on
PREEMPTIVE
to
$1,000,000
■
-
profits
—V.
Hampshire—Common Stock
issue of April 19 Kidder,
.
years,",
necessary
tariff, effective March
20%
about
or
in
it
Z '■
increased
were
sold.
.steam
made
approximately
i'";'■'-y^«'AA'A,.'AZ /A
same
first time
have
A"-;, y
Payroll
taxes../.
Uk 8. Govt, income and
excess
,t
our
Transfer Agent: Nep&co
Services, Inc.", 9 Green Street*
Registrar: Old Colony Trust Co.,
Boston, Mass.
: :
for
'maximum
$775,143
.Depreciation,,
-
England Co., both
subscription rights.
the ehrlF part-of this year have shown sizable increases.
Total gas sales in 1947 amounted to nearly 16 billion cubic feet, an
increase of 12.9% over 1946. The maximum single day's output was
approximately 79 million cubic feet, an-increase of 12.6% over the
.
companies
mrrang*
mlwoyo
mlphoboticml
mlphoboticml
Public Service Co/and Northern New
of which have waived their
war.
the
Joss)
•
,
;■/; -y
.
tIncludes:
not.
332,897
.
billion
3.2
over
(or
'
-
-it i»
reasonm
Peabody & Co. and Blyth & Co. and associates publicly
offered: April 14, 139,739 shares of common
stock ($10
par). The stock is priced at $23.75 per share.
Of the
total number being offered, 38,980 shares are
subject to
prior subscription by stockholders at the same
price, at
the rate of one share lot each.five shares
held.
The sub¬
scription warrants expire on April 28.
The remaining
100,759 shares, offered directly to the public, were cov¬
ered by subscription warrants issued to New
England
,
,
mcchmmval
Public Service Co. of New
•
:
780,694
487,060
.
$90,141
1,561,837
—
(or deficit)
Operating income
$1,560,270
473,825
383,684
——.
Wall St.,
Offered—As mentioned in
";; Although the company's sales in 1947 of approximately $116,000,000
produced a 10% 'increase in revenue, Mr. Liversidge* pointed out the
added -dollars were barely sufficient to meet the increasd
operating
costs,'leaving ho additional net earnings.
Fuel, labor and materials,
in fact, virtually all direct costs entering into operation and mainteA
\nance, showed large increases, he said.
/
W
to
position
retirements, our total utility plant in 1952
will represent an investment of approximately
$350,000.0(H), an increase
bfZn&rljy 44%'?% This- represents the greatest expansion during any
similar period in the history of the company."
;
revenue
accrued
Depreciation adjustments
NOTE-—For
:
^ About $47,000,000 were spent
in 1947 and about $50,000,000
will be spent this. year. -The -expenditure of the remaining $138,090,000
will be spread out over the next four years.
{.
(
.
,
■-Net'- revenue '/—I'—
000,000.
-
:
$1,471,696
'~v,—.."
to
;
•
that
—
Operations-—"
Total expenses—
.
*
$9,838,188 $10,090,203
"
86,830
.4,469,622
;
A 529,652
revenues:
Total net
.)
/ 3.280,388
Inc.-—-Definitive Bonds
New York, N. Y., is prepared
deliver definitive first mortgage
bonds, series G, 3y8%, due Nov.
1, 1977, in exchange for outstanding temporary
bonds.—Vv 167, p.. 1591.
...
;
—.
General expenses
tTaxes
Public Service Co. of Indiana,
.
were
;.....
.
sub¬
results of first quarter
^moderate loss inasmuch as
costs
cars
maintenance—
Conducting, car operations——
as
a
result overhead is" novf1" well
1947 and early this year.
%•; /'
overhead
of
All. other
ago,
' recently,y Mr. ySnyder
.
Sleeping Car Operations—
division
day, compared with
per
j
Total' revenues
v
domestic
indicated, that
*
Plans Large Expenditures
of
this year
stantially improved, he said, and
below that experienced all through
.It is expected, for the reasons
.
equipment.
v. '■
•/
of
the
.
as
Philadelphia
dividends, in
1
at
Month of January—
ti'
<■//A': ■/ ,A//: A-'A-AVj/AA/V:'''S-S
1948
"
1947//' "/;/
-
Mr. Snyder said.
He reported
that the- domestic
appliance division has sufficient steel to meet its
production schedules
of over 80,000 ranges in
1948,
'
'
"
;
Operations at the company's Pittsburgh car
equipment-trust
.
production
Chicago is at the rate
• ■
(The) Pullman Co,
Jr.,
President and Chairman; told stockholders
meeting on April 15 that the company
produced 2,709
from Jam
;cars:
Current
,
in
,,,s.
yy'
f
Snyder,
annual
railroad
obligation
assume
I.
at the
Series S Equipment Trust Certificates Authorized—
;
v
•
FINANCIAL CHRONICLE
Pressed Steel Car Co., Iuc.—Production, Etc.-^-
y
of
?
&
A/'i^A/zyy.zA w-c/'iZkA
•*•"«
/
COMMERCIAL
An
estimated
month
for
p.
this
the
with
traffic
1592.
carried
corresponding
In*
Rise—:!,
domestic
month
service in February
year, the company's
.vA1
"l~:' /A;,
rose,
last
Air•/
;
shipments'were handled during the.
scheduled,- certificated airlines of the United
Staites,
Division
compared
of
shipments
the
over
-
announced.
total of 295,912
273,368
was
up
-
shipments
8.3%
for
:
"
in
the
February, 1947. Gross revenue
month, the Agency said.—V.' 167,;
://'
,
?.■
7/
A*'
"
'
A'/."
Ramie Mills of Florida.
Inc., Boston—Files With SEC;
The company on Mareb 19 filed a letter of
notification with the SKL
55,200 .shares ($1 par) common stock, to be offered at
par,
underwriting.! The proceeds will be used for working
capital/
The company on April 1 reported a
financial deficit for the second
year in a row. and Richard Whitney .said mew funds
covering
without
to
keep the company going. The 1948 deficit was reported at $118,4Ml
compared with a $72,101 deficit in 1947.
;A'-A '\A-;/%AZAAAA:
Mr. Whitney organized the mills three
years ago to manufi
textile out of ramie, a fiber long grown and used, In the
never
Orien»j<»-,.t,
widely developed in this country."
The mills cut operatidn#te
//:L v
,7 A " AtP1
Mr. Whitney said the mills had liMrt ■1 ii ncihk fW ' nftf.a fiii
Ar
been unable to obtain
ihaebinery foir
the spinning of the fiber, but he said the outlook was still
skeleton force iri
February.
V1
.
.
hopeful,
x
.
' A
i
■A5V'/•yy.;
'AAA
THE
(1850)
54
/^✓During
past
the
report
the
months
nine
individual
that
showed
Harold
This-company, according to
°
an
4
-
Monday, April 26,1948
convertible redeemable preferred share*, par $4S» and the nrouo.sed
Second cumulative redeemable preferred shares, .par $1.;
* i
All transactions
in theae securities made on a
"when; as an '<
/
Associated
Jttey d^afcht>-faaa. purchased the brewing machinery of the* I**fey Bbewing
gw* nn
of
1——
m- *•*
Waterbury/ Conn - John A. Largay, Treasurer -of thc iatteT firm, on
April 14 announced that this company, established in 1925, would
"go out Of business at once."
'
Albert jr. Bates, President oftheRuppert company, said the machin¬
ery probably would be transferred to Norfolk, Va.» where the Ruppert
firm operates a brewery.
Also included in the purchase,' said Mr.
Bates, were the Largay's two trade names, "Red Fox" and "Whitecan."
Carver,
B.
CHRONICLE
(Jacob) Ruppert—Acquires Brewery
~
had advanced the concern «49,000 in loans.
Treasurer, Boston, said they could furnishno
further financial support at this time.
Currently, shares are being offered to stockholders at $T per share,
including shares released from option by Mr. Whitney and Mr. Carver,
members of the company
& FINANCIAL
COMMERCIAL
/ issu«d" basis have been canceled
\ compromise or arrangement, dated
the court.—V. 167,
dua to the fact that the "pro"
Nov. 12, 1947, was not approved by
551.
p.
.
,
(D.M.) Read Co., Bridgeport, Conn.—New Control—
has resigned as First Vice-President of Bloomingof D. M. Read Co.
Mr. Beismah, along
former President of Wares, New Rochelle,
N, Y.. and George Rosenberg, an associate of Mr. Mandelson in the
ownership of Ware's, have purchased the Bridgeport store.
In the
new
corporation, Mr. Mandelson will be Chairman of the executive
committee end General Manager, and Mr. Rosenberg Chairman of the
iinance committee.
They took possession of the store on April 5.
(New York "Sun").—V. 165, p. 815.
/■
Reisman
Sidney
become- President
date's. to
,
—V.
167.
292.
a.
-
f
■.
V ',
-,//
Mandelscn,
Milton
with
/.
The
•—1—*—
167, p. 157.
'
' ,:■/
,
<
on
""
Sales
net
during
this
of
-ana
the ^SiWthdWrtes'and
in
company
since July,
Engineering Vice-President,—V. 167, p. 473.
1945, has
Engineer
Hough, Chief
United
been elected
adequate
Republic Drill & Tool Co.—Earnings—
Net
1945
$2,102,554
sales
Cost
goods sold
of
$2,916,368
2,097,890
$2,282,839
549,690
339,756
1,422,740
493,436
66,035
45,000
—
Other deductions
Prov.rfor Federal income taxes
Excess
vision
8,874
for
23,000
.
$80,830
31,
DEC.
The
$20,0005, $694,124; inventories (at lower of cost or market),
$2,176,229; plant and equipment (after reserves for depreciation of
$1,313,914, and reserve' for future income taxes which may arise from
the non-deductlbility for tax purposes of certain future depreciation
provisions to be made in the accounts amounting to $215,356), $2,-
application,
>:
LIABILITIES—Bank
crued
of
reorganization
4 strictions
from
Dividends
sale
of
»u't
trust
1946
16,150
Dividends paid on
Net
Sundry charges
————
Provision
ment
surplus
for depreciation
included
in
of
plant
costs
and
Net
844,729
Other
ASSETS—
"Marketable
tAccounts
:
—
at cost
Bonus lund • u4
$2,277,099
market-
—4—4-
——
receivable
Investments in foreign
——
affiliated Companies——
Investments in wholly-owned subsidiaries (dis,;r solved in 1947)-C«A surr.
value of
^Property,
Deferred
plant
insur.
and
charges
lives of
on
officers—
equipment
—-
Total
--—4.
886,326
Accrued
Accrd.
payable,
wages
trade
miscellaneous—
and
Provision
and
taxes
on
Note payable — bank
414% cumul. preferred Hock
Common stock (par $l)i„
Paid-in
taxes
(par
——
$100)——
Earned surplus
——„———
14^-^
♦Market
1S47,
267,619
232,288
1,104,307
4,000,000
and
V.
amortization
166, p.
4- $29,828,389
of
$10,000
in 1946.
$3,881,051
in
1946,
for
debt
1947
and
reserve
for
$3,279,779
Fed.
of
property;
at
a
and
.
v4-.
$26,094,075
at
:
or
4,017,315
.
'
-f
Increased— y:
April 19 declared a: qUartdrlE dividend of 20 cents '
1W diiiir. Payable .June 6 to stockholders of record May 20. This com1 B cents p«r share
paid on March 5, and 10 cents on Jan. 5,
on
1047, the company paid dividends of 10 cents
per share
ly nitervals.—V. 167, p. 1698.
1
E';
%
W'-\
/
1^/#
; /:
r;';'. ■'&.'' ■ -
'
'trv.T.■**
of
this product,. The management
still in the development stage and
developmental work must be completed
can
be manufactured on a commercial
"
/
/•
•
•
is
company
company's
product
by Messrs. Doncvan and
of
,
a
type
new
of
Parish
Catamenial
in the course 6f
Tampon.
«.
the develop•
,
.
completed
the
initial
automatic
production machine
will
in production at ah anticipated rate of approximately 3,600
individual tampons per hour. Such rale of production will be adequate
;tp_ make practicable, the launching:^-.of a sales campaign In a test area.
be placed
$20,961,242
^17,912 /
:
705^^
/ *" 107
4 >
1
'
J
■and
U 1,234,750
taxes_—^_-_
which
per
¥694,397
in
stock
common
:
2,570,647
/
share„_—4
4
.
a
.:
a
now
occupies
;
a
(the
activities
of
which
confined
are
to
the
of
present
be
applied
of
costs
such
to
advisable,
building
BALANCE
SHEET
in
effect).
AS
OF
DEC.
31,
,V
material
inventory
method,
$74,084,382;
prepaid
A
it
construction
probable
is
(par
,
^
4L:
*
$100
articles
and
when
that funds
,,,
,
The
shares of
The
issues
this
corporation,
which
were
,
;
/
admitted to
.
^
;: t,
.
is
>
(no
Outstanding
2.000 shs.
2.0QO shs.
$50)—
•
convertible4_4 /
8,000 shs.. //■/
None
100,000 shs.
61,250 shs.
par)-44~^--_i-—_ ;4
share of series A
of
incorporation.
':;vv.1
.'■■•■
y
UNDERWRITING—No
firm commitment to" purchase the ;securities
to sell the securities for the company has/been
is contemplated and the Underwriters
hereinafter referred to will offer and sell shares of the commop jtbck
from
the
made
for
and
company
such
no
or
commitment
on
behalf of the company.
Jackson & Co., Boston, will bfe
underwriter with respect to such portion.-'of the 11,^50 .ghar.es. Of
stock offered as may be sold in the State of Massachusetts:
and
the
l)IllllluJ1
common
l
'
.
:
satrte
Dec. 31,
„1L1^
'^Th^ Company
,
the
provided thCough1
i.et
proceeds
($203,125)
will be
applied
to the
following purposes; Material and manufactured parts, §80,000; engi-^
neering services and expenses in connection with redesign of machine,
$20,000; working capital, $108,125.
;
•/;>
/ :-fe-H!
:
-
4"
/.
securities deaieiif in
st^
from
time to time
5611»^01 the
may
'
,
/
,
:
:
.
employ
?
•
>.
Security Title Insurance & Guarantee
Calif.—Exchange Offer tG Preferred
The
directors
Uea Angeles,:
StocklW)M^8^
•
will
!
on
exchange two
be
paid.
/,•"//:/■
Security Title owns 45.325 shares of Title Tasurance common
/The exchange offer expires May 12, .unless exbeacted^rV/404,
(W. A.) Sheaffcr Pen Co.—Official
company announces
v
uie ;esigxiHuun oi
p.
st^k.?
31$0. *
IlesigtlS—t)reorge v. non ag
vw«-
President, Director and General Bales Manager,wWch, «t his request,
is ?ff®ctive as of May 1.
:; - /: ':
the Montreal Stock Exchange on a "wheft.- as-and" if issued"; basis on^- :
The company :ako/ammunces- tto» ap'poiiitinent
"He* M. Conn
Jan. 2,
1948* were taken from toe lisfrGeneral Bales.' Manm^r"-te^qtteoee<i'::Mir..'MGidt 'aiiSPtag
April 15. 1948.
•;
■
■
^;
of R. H. midden 4ks 4ssist»ct General'Sales' Manager to succeed
trading on-
•
that
have
been
delisted
»
April 10 notified stockholders .that-it is prepared;
shares of common stock of Title. Insurance M Trust
Co. for each outstanding share of the Security Title. 3% ' preferred
stock held. For fractional shares, cash at the rate .of: $63 a share ^
to
per
1
if
and
will be
PURPOSE—The
inventories—
replacement market,
taxes, licenses .and
St, Lawrence Corp.; Ltd.—Stock Off List—
of
construction
preferred stock is convertible at any-time'
1956, into five, shares of common stock (no pat) or
such greater amount of common
stock as may, be required-dp» to
adjustment upon the happening of certain events specified inf the
/Each
prior to
share), Tl9,586,900; common stock (par-value
$5 per sharej, $l2,g53^37; paid-in surplus, $9,968,336; earned
surplus,'
$33,538,664; total, $134,788,176^ 167,
,v4value
Md.»
'/
cumulative,;
stock
Common
/
LlABILnTES—Accounts payable, $17,545,592; accrued
expenses, $5,- 624,119;dividend payable >iap4 1, 1948,: $244^36; due to subsidiary -hot i
consolidated, $10,425,465; provision for Federal taxes on income,' $4,844;489; notes payable to banks, 2V<%,"$20,000,000; reserve foy dis¬
count on Canadian exchange, $156,539; 5% preferred cumulative stock:'
(par
IYIARL
most
deemed
; 4,,:.", ^
labor the
and
Undesignated.-44^——i__44_^.:
due from subsidiaries not consolidated, $1,049,279;
the lower of cost (first-in, first-out basis) or
retail
stock
V "Series
/-
1947
be
Authorized
pur¬
>
hit
at Taneytown,
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
manufacture,
are
may
located
financing."
Preferred
normal
country exchange restrictions
as
4>47:4\
rented
additional
pfist service benefits amounting to $252,717 In 1947 and
1946.
tAfter deducting adjustments of $228,671 for prior
its subsidiaries
m4N
<L
agencies
■'//'1
building would require an expenditure of approximately $150,000:
of the proceeds from the securities now offered are .intended
deemed
$4.09
v
/;• /•
part
to
2,540,648
$2.76
•
distribution
.
new
No
1,018,300
t
is
a
basis
such
$11,413,626
,
common
and
from Frank P. Parish.
It is planned to ultimately
building to house the production machinery and to providd
for storage of raw and finished materials. It is estimated that upon
erect
6,973,089
316,434
,
sales
The'company
.
,,
colho
such
practicable,
981,453
;
-
income
^4227820
It':is planned tO develop the merchandising program through a gradual
k"'.:/~4^^iJ;;''fckpahsion '. from-local-test "areas in Which only newspaper advertising
B4G
win. Riiph
Wtjlizeti to a national sales program With national auvertising
onrf
nhH
Hiofrihiti.lififi
PtDPfipiAfi
;V;::^,",152
j'm168 ' 794
Lessors, Inc., $6,693,926; Salem Commodities, Inc., $11,744,768; Canada
Safeway Ltd./including advances of $1,500,000. $4,340,777) $22,779,471;
other investments (at cost or
less), $433,983; land, buildings and lease- *
hold
improvements (after reserve for depreciation of $1,104,700),.:
$8,104,938;'debt redemption premium and expense (prior issue)—-bal¬
ance unamortized, $76,855;
total, $134,788,176.
The 8KC on April 6 issued an order
granting the company's applica¬
tion to Issue and sell unsecured: promissory notes
bearing interest not
in eaaccsO <tf 2%% per
annum; each having a maturity of niiie months
TlMOmetors
share.
per
ifce period commencing at the time of acquisition of the
assets, yby, the company and ended Jan. 31, 1948, the company has
expended an amount: of. $19,337-, which has been-capitalized: Said «rwere
principally for machinery and labor.
.
Manufacturing Co^—Dividend
the
experimental and
10
,',V
^
at $20
During
s"ppi.ief a"d^^
Vice-President of the company, said that more
ef the holders Voted in favor of the proposal; - Proceeds will
be iSised to finance the company's extension
program.
The company
contemplates f$0,000,000 expenditures through 1952.
'
date of the order.—V. 167, p. 1475. *'
;
a patent, certain
machinery and equipment from Dr.
Donovan and Frank P. Parish,
The said property had beep
B.
acquired
ment
■
ASSETS—Cash in banks and on hand, $19,171,332; accounts receiv¬
able—trade (less reserve, $61,923), $721,976;
sundry accounts receiv¬
able, $907,937; dividends receivable irom Canadian subsidiaries, $1,000*-
1946.—
2*. Howe.
mtHto exceed
ftMB
.-v-.v
the manufacture
for
the
Arthur
138,503,925
■
(Excluding Cortland Equipment Lessors, Inc., Salem Commodities Inc.
and Subsidiaries add Canada
Safeway, Ltd. and Subsidiaries)
;
reserve
depreciation
venewal thereof, in an aggregate principal amount
$16^)00,000, tor a period of not more than two
years
manufacture
BUSINESS—Corporation was incorporated in-UHnols
Company was formed for the purpose of manufacturing
that
further
before
^Excluding Canadian subsidiaries and Cortland Equipment
Iltnelude all subsidiaries except (1) Cortland Equipment
the
which
wqap 85%
^4*?*^
the
since
1! 1946
683,826,270
450,000)
:
'v;^'
plant
special
4
of
/basis for general distribution.
€ 4/
Shortly after incorporation the company acquired
$847,455,524
patent applications and certain
..
storage, etc. of reserve merchandise in advance
requirements of the chain store operations and include
certain activities formerly carried on
directly by departments, of the
parent company), and (3) Canada Safeway Ltd. and its subsidiaries
(the operations of which are confined to the Dominion of
Canada, in
meeting March 19, approved a
special issue of unsecured notes up to $12,500,000.
The move was
made necessary due to the company's inability to
proceed with normal
ffiUKMOtag-because of a dispute with- the P. S. Commission.
Notes Approved—
resumption
distributing a patented product (not yet placed on the market)
organization has been engaged in perfecting machinery and
and
that
$14,741^10
108;
stockholders
its
*
;
3,172,341
Rochester Gas & Electric Corp.—Financing Plans—
Treasurer.
stock (no par)
considers
;>
—.4—.-i" $8,102,464 ■?'
preferred stock.:
996,040
on
of
1724.
Preferred
to
& Co, Bopton, recently offered 11,250 shares of com-
4,:.
35,043
income
taxes
4,:/ .V"''- /'•./■
^-4-4-—4,316,000 f
normal
other
dividends
chases,
3,000,000
in
Robey,
equipment
434,824
<4
:
———-
for
on
and
186,537
$224,000.4 tAfter
tAfter
opera¬
received
Lessors, Inc. (the activities of which are confined to the ownership and
financing of store and ether equipment leased to and used by Safeway
Stores, Inc. and Its tT. S. subsidiaries), (2) Salem Commodities, Inc.
$2,929,232
1,000,000
$250,000;
due
HISTORY AND
statements,
be
to
4,540,304
—
profit
$259,725
10,469,370
—
quotations:
of 8117,480 in 1947 and
E.
April 25, 1947.
—I ^4-14-1
CONSOLIDATED
% Total
business
Lessors, Inc.
303,912
2,421,592
;
,•
expansion of the Salsbury Corp. organisation and plant
effected within the past 90 days in order to take
been
has
^
mon
-
4-——-—*
Canadian exch. & oth. deducts.
"Includes
8,704,004
261,149
2,840,500
previously manufactured under
were
.
SOn
profit_444—4-4^4-i.4-;
long-term
surtax
Earnings
10,469,370
——5,504,173
surplus
their
of
866,118*697
153,551;961
-4^-j.—r_-—-u;44-4^—-4-4.•
dividends
42,549
1,000,000
—
■
.
Cash
———
income, estimated-.
for
Cash
4,000,000
————
taxes, other than Fed. income
Federal
April 15, announced the resumption by
on
These products
increased
F.
the
.378" 189
833,621
$3,021,223
*
.
and
The
account.
$1,037,796,658
'
Fund
on
Net
49,631
11,084,094
316,016
7
'
products, the announcement added. ;" I
v
,
(
<
Other officers of Salsbury Corp. are: H. I. Salsbury, Vice-President,
'I
CALENDAR, YEARS
FOR
Inc.—
depreciation—___
disposition
Provision
LIABILITIES— ; "/
Accounts
ACCOUNT
and expense on long-term debt
interest ..-——4—444—^4'.-4-__-4"
on
Disct.
151,370*
.
of
oprationa for, the
V '■/•
Equipment Lessors,
on
Trust
L;— - —-I— -4--———— $29,828,389 $26,094,075
4—
or
earnings of such
.4 ,;4 4'
INCOME
results
received
.---4-—-4--44-4a.-4'a41-.:'
years.
"
trust
a
the
and
.equipment
—4-—
"Payments to Employees' Retirement Plan
5,476,763
8,400,849
37,465
168,931
234,845
44-4-'
Long-term
Total
Loss
$1,808,116
153,010
over
1698.
of these
years.
permit
consolidated financial
...4
income
Other
$1.06
1946
5,252,867
9,405,570
not
several
Stores,
and
,
4—4—
less,
or
in
it
to
dividends
current
Z
operating
Interest
31
at cost--—————4—
securities,
receivable
Inventories,
Jfcs.1)
:
1947
hand
Considerable
Premium
i
•
of
ftve-and-teh-
former
care
.
547,988
$3,48
167, p.
capacity
a
million
a
When
$203,521
817,983
produce
bags daily.—V.
sugar
Salsbury, President,
facilities
re
T.
equip¬
——________
COMPARATIVE BALANCE SHEETS AS OF DEC.
on
the
the
4\.4^'V4444
Cortland
r
$2,331,832
Earnings per common share
Cash lit banks and
the
from
that
sales
of
135,002
-4,V 4 15,056
—————
-
for
$1,183,252
^
.
motor for bicycle use in addition to standard clutches and trattsmis; sions for manufacturers of industrial trucks, garden tractors, air com¬
pressors, a powered concrete buggy and other Industrial and marine
applications..
-.v../•"
'V
v.:/
Inc. when the ex¬
the return of the
The Canadian holdings of the corpora¬
as
so
Operating -and administrative expenses
Rental of fixtures and equipment, paid "to
:4;-
Balance,
for
Safeway
sales i—
Cost
15,696
1,131,590
to
to
license granted to Salsbury Motors, Inc., Pomona,. Calif.,
subsidiary of Northrop Aircraft, Inc., now owned by BrownBe vis Equipment Co,
of Los Angeles, Calif.
Salsbuty Corp. is now
building 50,000 automatic clutches especially adapted for the WWzzer
re¬
as
wartime
U1S47
179,962
128,437
—
to
investments
as
omitted
extent
CONSOLIDATED
-
811,500
stock
stock_„^__^4^—.
common
been
the
field
b-
States.
treated
now
to
1947.
; .year.
266,426
$3,606,915
capacity
a
a. capacity tor
and is ao dfe-
annually,
expanded
the
furnish
modified
are
declared- out of
were
2,085,000
4-1-;
bags
can be
The
will
available
be
United
the
have
Provision
Net 'earnings >.—4
Divid^ids paid on preferred
liabilities
Canadian
reorganization
purchasers.
roofirgariwrt ■"
will
restrictions
except
—
(estimated)———
Canadian
to
this
funds
tions
ia. $60,605,530 $39,921,555
Total income
Goat of goods sold—«.
44
1.
49,207,643
32;255,295
Selling, general and administrative' expenses_„_
5,397,180
5.384,643
Interest
114,903
78,670
Loi» of wholly-owned sub. (dissolved in 1947)Special items applic, to prior years, etc,,—
the
of
operation'will have
paper
exclusive
an
a
Safeway Ltd. soM ,20^0 ahait#; 4# $100
stock and $3,000,000 in principal amount
these securities
of
money to
tion are
209,212
business.
have
gasoline engines.,
„
allows, and discts,_ $60,258,287 $39,268,335
136',031
637,070
foreign affiliated companies-^-v
Federal income taxes
start
the
multiwall
;
••
Rheem Manufacturing Co.—Annual Report—
1947
current
to
;
;
!<'
funds obtained through '1;
operating capital needed V
Samson United Corp.—Dividend Action Deferred1:4,
by Canada Safeway Ltd. (formerly Safeway Stores Ltd.), to carryon..,.
the Canadian operations.
The investment of SwIeaWWtInc, ki-4
■
directors on April jl9-took no action on the quarterly dividend
Canada
increased
substantially during the wa^>4?a«igd^ because .of^^,-9.^ts. par share^■ordinar;ily payable on or about May 1 oti the
Canadian
exchange
restrictions.
To i date :(^^<gaaizatlet»*--;has^ ^rcent-cumulative convertible preferred stock, par $8. The last regular
enabled It to reduce this investment to $4,340,77^41 The
program OaUs 4
Pa^en' on
issue was made on Feb. 1.—V. T63, p. 2587. ' ' *
for the reduction of this investment by an addRiotial
••^l,'5(W?9W:^4v
:
.1
Canadian Foreign Exchange Control restrictions have required that
4
Sanitary Products Corp. (III.)—Stock Offered—Jack,<4.278,209 Irom the amount pa,.bte to Satew., store., IM. as a
the
change
-
delayed
debentures
of
profits taxes reserved in prior years pending action on relief claims,
$232,326; 15-year 4% mortgage note, due Nov. 1, 1961, $1,225,000;
5% purchase money mortgages, payable in monthly installments ending
July 15, 1956, $101,408 ; 5%
prior preferred stock ($5 par value),
$79,950; 6%
cumulative preferred
stock
($5 par value), $987,985;
common
stock ($1 par value), $276,326; class A common stock ($1
par value), $105,531; paid-in surplus, $386,797; earned surplus, $586',067; prior preferred stock and 6%
cumulative preferred stock in
treasury, Dr $12,634; total, $5,332,658—V. 167, p. 852.
Calendar Years—
assets
Canadian
in 1947 Canada
value 4j/2%
preferred
par
$188,432; Federal income taxes (current), $153,319;
Federal income taxes accrued for current year, $45,000; Federal excess
Miscellaneous income
its
for
However,
expenses,
Sales* less freight, returns,
current
^
company
of the manufacture and sale of Salsbury automatic
clutches and automatic transmissions for use on one to ten horsepower
assets
of
from
this
-
average
ratio
Will
consumer
E, F.
•
by the consolidated balance sheet was 2,56 to 1.
i^
^
-1
'
During 1947 the company completed a substantial part of the plan
accounts payable, $525,361; ac¬
$450,000;
loans;
'
"
,
The
$58,684,501.
total, $5,332,658.
$1;
;
=
,
A/Paper
Salsbury Corp., Los Angeles, Calif.—To Make Clutches
paid on the pre¬
were
.
mw
plant
pound
number of shares of preferred stock out- :
the year were earned 8.13 times.
.
.
•
^
net
250, million
The pro¬
flected
042,405; preoperation expenses of New York plant, $104,501; mortgage
loan
expense,
$22,257; prepaid expenses and other assets, $87,056;
patent
$996,040
t-
..
Florida-Pulp
1947 is in the
of the company and its consolidated subsidi1947 were $75,947,136. On the same date the total
the
company
and
its
consolidated subsidiaries
amounted to $99,114,719, while total liabilities, including 'term bank
loans of. the company and its consolidated
subsidiaries, amounted to
deets of
'
>.h^
the
current
for bad
reserve
total
designed
kinffc ^ a later date.it
c
arles as of Dec. 31,
assets
of
1947
accounts receivable (after
$206,266;
.oSSETS—Cash,
SHEET,
the
on
standing during
■•v:
BALANCE
of
for the year
most
mill, which has Just come into production, Was
for the manufacture of special, heavy-duty kraft
T,
income
on
the
the
long-tei'm
«l;>erati®Ii; sinoc*
' i™* be*n
'^ew Alabama Pulp & Paper 6o mill: • Both
Sty Regis and combine wfth the-
.L
„f
of
-
of
and
V
Alabama
new
/''taking
■
providing for United States taxes on income and preferred
dividends, the earnings of the company applicable to common stock
were
$2.76. per share
on
2,570,647 shares, the average number of
shares of common stock outstanding during the year.
Dividend re¬
quirements
■
taxes
?hut
two
adjacent
"V,
•// //,
m
After
48,000
$143,914
States
United
of $4,316,000.
Dividends
stock during the year.
:
ferred
35,881
116,000
$75,343
equipment
depreciation,
a
i
laied^Wbsidiaries
itsfccansolkkkted subsidiaries for
Unit^ jBtafc* taxes on ihcome,
rental,' interesi and other charges
amount
1,755,372
profits tax
Net prbfit
■>
the
,
1946
Selling, general and achnin. exps.—
1946.
amounted to $3,102,464 as compared to $11,413,626 in 1946.
1947
C Mos. Ended Dec. 31—
in
sales
States
output
------■
includes
an
and h?s ,a rated capacity of 250 tons a day. Capacity of the
J ?? m,U Is, in,the neighborhood of 200 tons of kraft paper daily,
Jhe C01"?Wded
of the two mills is sufficient to make 500
Canada
The het income of the company and
the year
1947, after provision for
\
-
and
by
•
jnmfaTfmultiwall bags annually.
,,rf| tnr'
"
T^e ni^rtbag. P,arit when-r-in full
its consolidated subsidiar
$1,037,796,659 in 1947, an increase of $2
y Jtclianee Electric & Engineering Co. —New Official—
R.
The
-
-
-
overHhe
Slffof
the
-
hV
which
supported
',•■•,■>
7^°" Y
usnwis
k847
mills,
"kraft. center*'
specially
1947 were $1,117,065,371, an lhcri
the same operations in 1946.
T
company
this
Snprf
President, said in part:
The
-
concentration
a
.
Safeway Stores, Inc.—Annual Report—Lingan A. War¬
..
';..
c
new beg plant to provioe an outstanding example of conversion
i,lnaJilfged woodland, to-pulp*, to paper, to multiwall bag*. >
;,
,
of
,
a
sales for
W.
product
kraft-paper
supply..
At
on April 14 approved,a-proposal-,to aplit the comiour-for-one. basis, four new *12.50 par shares to be
■
issued in exchange, for each $50 par share now held.
lt is planned
to make the split-up effective before June 15, 104B^-V. 167,. p. 1261.^.,,
■
$2,227,453
end
wood
.*
Gross sales
—v.
^
stockholders
stock
ren,
****
$1,855,245
Quarter Ended March 31—
'
the
modern
mon
Operation-—
One of (he country's largest
integrated kraft-paper operations 'is
rapidly swinging into top production at Pensacola.
Fla., at .The new
St. Regis multiwall bag
plant, largest in the world, whose output is
>'='
'
Safety Car Heating & Lighting Co.—Split Voted—
v
'
(Robert) Rei* & Co, (& Subs.)—Sales Fall Off—
St. Regis Paper Co.—New Kraft
include the proposed newrffirstx -' Mr.
'Conn.--V. 167,
p.
75l.
;
/
-r* ,,r
i/'
V"
y
r
« m'-I
I
'
:
•;
.
■
;
.V,
"'j
,..
<,•';
KK|
'«
i
» ••■' ;
►
::*.r
V
t
'1i
*r
■#•*»
^.|,,rt
r
(IV
Volume 167
:
Warren
-
merit
i
H.
Rubber O,—Snow Elected
Snow,
President
bankers, /New
York,
of
E.
H.
Rollins
Nr-Y.t ; has
been
Pireetor-r-
a
&
Sons.Inc;,
elected
Southern Colorado Power
v
,1
invest-
>- Electric output of
director.—V.
a
Co.—Weekly Output— J
this company
:
totaled X458;fl80
The
,i
directors
xpkyaBle
April
on
"on ^r-Aboat
(previously
paid
13
May
took
10
dividends
-
the
cents
*plus a year-end
extra
(which
*Tbe -last payment was 15 cents
(Sinclair Oil Corp.—To
.
The -stockholders
rpf
]
^
on
action on
no
on
15
of
on
Dec.
24
10,
will
The
amounted
1948.—V.
to
20
Charter-^
consider
extending
;^v-:
All
shall
be
-:
;
V
Sioss-Sheffield Steel
Claude
S.
dent,
the
board.
John
Coleman
has
'
been
elected
a
director.—V.
"/■'>
movement
of
gasoline, kerosene and fuel oil
Y., will commence in about
April 17. ■*.y '•. ••: V 'Kv;;; ■
7?be
on
line
new
will
'
N.
.
j..-Midland,
Rochester,"
In
Pa.,
N.' Y.
addition
to
line
which
H.''
the
continuous
a
connects
f ' ''■■■,f'r
•"
pipe, there
main
system
'
will
with
f
;■. •
be
57
i
$2,564,857
645,539
•
purchased for ^
s;
.
;;
resale'■
$2,069,044
601^627
S,
Maintenance
Prov.
xor
•',
now
acquired
of
spurs
;
217,713
.
90,990
204,208
,
depreciation of
plant——
at
Co.
company
said:;
being accepted.
204,000
186,000
24,547
765,000
24,547
-
.
Prov. for Federal income
taxes;
^
Operating income
Other income
"Income
''f.! 907,000
124,400
230,695
979,247
;t' $447,795
$1,923,287
\Cyr;- 491
^
'h
per
•—v.. iG7,
sh._.
common
p.
$501,493
,
$1,220,801
and
manufactures structural
adapted for
and
,78,272
'■'£
313,087
,77'
V; 313,087
.$813,714
$580,569
^
,
$0.63
.
$0.24
>'
$1.13
5
>
5%
;
stock
cumql.
41/2%
■
like.
for
Finance
Corporation
Houston,/Texas, which the
agreement.
on
cpmpany
Key
'"'7/,7-'
par)
Authorized
(par
pfd. stock
debentures
-7
pers,
•'
maintain
tory
ratio
no
the
loans
—v. 167,
p. •ii56.7":
other
sum
in
of
such
items
maintenance of accounts receivable
under the; terms of
the
debenture
of
than
such
proceeds
payment of the
$400,000 and
the sum
for
of
the
debt
payment
$700,000 which
of
has
which
been
to
of
not
were
the
made
to
Trust
y....'7.*• j;
Total
biddjag
$1,897,903
; 1,245,564
i;
Gross profit
Total expenses
_;.7;77'7: ;7| ;:77
granted
by
the
California
U.
P.
Commission.
of
existence
fields
^tivp. |fice-President.
elected
Exec-y,
The office has been uhiilled since W. C. Mulien/' > dqjr^. ^icame president
bt.the'company to-• 1945.' 7;,
7"
■■'•:; :/*7''Bruce wen^5K,7formeriy Assistant General
Counsel/ has been elected
/"to* thfc office .of General Counsel and Assistant
"Secretary, to succeed
Gaif C.v Lavr.kin,. General Counsel since
1942, and a Vice-President
$inop:-)945;. / Mr7 Larkto,^at his request, was not re-elected to these
offices, but will continue as Counsel for the
company with the" titte
'''-•
7 2,037.565
income-—.™ 7
.
:
'
7
FOR
CALENDAR
.CounpeI;/'7':'777777'':777-7:7.'::7'7'7"7:;i/
.to
YEARS
/7:.^if.7>*7;77:;7:;';7:;,;:''7:
!
California Gas Co.—Bids for Bonds—
Tfafi cpmpany Is inviting bids for the purchase as a whole of an
issue
^13,000,000 first mortgage bonds, 3Vi% series, due 1978.
Suui bid3
of
wlU, be received
by
the
company at Room 934,
.Los Angeles, Calif., up to 8:30 a.m.
(California
:...
pn:JfeyL-V. 167.
j
,
o.
1476.
Operating
revenues
Uncollectible
:
Fiower St.,
Daylight Saving Time),
■':"-7'7'' "•
' 7
7-.":,
Southern New England Telephone Co.
Period End. February—.
-
7
810 South
Operating
Operating
Operating
oper.
_™
rev.
^revenues
__
expenses
taxes
1948—Month—1947
$3,859,912
$3,163,357,
6,300
7.192
$3,853,612
2,892,526
$3,156,165
426,743
1948—2 Mos.—1947
$7,818,188
„
12*654
2,465,881,
$7,805,534
'5,902.538
322,393^
840,277
$6,385,857
11,513
$6,374,344
5,105,994
586,847
7.7
-
1944
-*7
V 921,277
792,155
481,920
624,757
643,126
510,634
.
$1,659,358
.
Net
Net
operating income
chnr»es____„
after
167, p.
$534,343
$367,891
$1,062,719
$681,503
477,278
303,680
900,218
517,273
1476.
:.'■;.'■
only
line
company
1,000,006
77/
to
forthcoming
companies
oil
barrels
but
daily
the
In
which
446,distribution
these com¬
carriers,
that
a
report
carried
consumer
also
1947,
annual
of
other
ship¬
pf
'77; 7,r
meet
$727,167 7
$194,084
i
$224,075
Frfjimary—
crude oil and refined
■■77-'-7. ■■■;
■•
constantly rising demand
in
total
a
11,200 miles. This in¬
facilities called for
expendi¬
77
storage
$696,365
$603,006
1,100
1,000
7
Operating revenues
;
$339,317
Operating expenses' 777 ; ; 260,038
Operating t*w L:.— ;7 / 38,080
;
$298,004
206,782
$695,265
531,465
446,677
39,200
™
■
78,773
7 67,587
$602,006
Net
'
Net
—y.
operating income
after charges^—167, p. 151J.
•;
$41,199
v
7.
$52,022
27,385
/ 'y■:••;;/.•
'
$85,027
39,745
.
=;■
.■■
58,674
$87,742
7
57,244
•
<
fields
to
a
port
the
on
Mediterranean,
oil pipe
terminal.
line
ever
This
built
and
167, p. 1700.
from Iranian and
Kuwait
line will
be the largest
will have a
capacity of
..
7
,
.
balance will be added to
general corppr^te
'7: -7./777 7;; • *, ■ 7"'l7;
r:77:/'77
".'v:--'
,;^,77 '
167,
Stanley Works—Files with SEC—
The
company on April 14 filed a letter of
notification with the
for $300,000 of
common
stock at
the average
bid price during
April, which at the present bid of
$60 would be about
5,000 shares.
Proceeds will increase cash
working balance and pay bank loans.--V. 166, p. 1096.
7 7
'7
■
V
7.
v.; : 7y
SEC
•
.
.
■ V
•
...
Sterchi Bros. Stores,
Inc.—Earnings— /
Two Months Ended—
7
•
7//'/77;:7:7/
Feb. 29/48
Net
*Net saks_™__-_i™___:_™„7™.—$1,773,823
profit—.
—_———
Earnings
all
Feb.28,'47
190,944
—
share
per
$1,792,214
211,80$
$0.32
adjustments,
income taxes.
including provisions
Operating revenues
Uncollectible oper.
™_
rev.-
for
$0.35
.
Federal and
State
oper.
after
income
charges--—™
$1,587,39.9
1,257,620
$2,176,0311,915,842
$2,850,760
2,183,218
$4,059/640
3,523,669
Bids for Purchase of
Debentures—
for
the
purchase as a whole of an issue of
$100,000,000 of
35-year debentures, due May 1, 1983 will be
received at Room 2315.
Broadway, N*»w York, N. Y., up to 11:30 a.m.
(Bt>T), on May 4.
—V.
167, p. 1593.
195
April
on
17, further
an-
dollar of current liabilities.
This compares with current
assets of $2.67
each dollar fit cut rent liabilities at,
Dec/ 31,1947, and with $3.49
for each dollar of
current liabilities at the
end of February,
last year.
Net sales for
March, the first month of the
newly established
year,
were
fiscal
$1,208,777,
reflecting an increase of .5,25% over the
March, tost year.,' Although net earnings for
yet available* it' is estimated
that .they will closely
approximate the earnings for
March, 1947.41
7, 71
April sales show an encouraging trend to
$1,148,508
March
-over
V.
obtained
are
March
167,
p.
in
not
of
6.50%
date,
and
an
increase
of
1594.
17.50%
with
over
an
increase
last vApril.—-
Stix, Baer & Fuller Co.—Annual
Report-
1948—Month—1947
1948— I Mos,—1947
$17,422,328 $15,805,818 $34,984,054
$31,991,714
66,174
36,084
132,354
',?,285
,
Net
President,
29, ; 1948, the company had current
assets pf $3.84 for each
for
■■■ .7;
Operating revenues — $17,356,154 $15,763,734
$34,851,700 $31,919,429
Operating expenses —™
13,692,267
11,330,765
27,978,54J
23,455,853
Operating taxes
2,076,488
2,262,938
4,022,399
4,403,936
Net
Bowden,
On Feb.
,
-
C.
nounced:
Southwestern Bell Telephone
Co.—EarningsPeriod Ended Feb;—
,
of
,
1948—2 Mos.—1947
■
;
./7:;.Vi-:.77.7-7 77
7
commitments
Sells Barnsdall Stock- -See
Atlas Corp. above.—V.
p. 1511.
7;
♦After
$772,928
;
rev./;'//;;: 550
Bids
—V.
not
Mediterranean
a
The
;
■funds.
$9,785,705
8,126,347
,
y Soutbent
14.
(Ohio)—Debentures Placed Private¬
ly—The company it was announced
April 20, has placed
privately, through F. S. Moseley &
Co., an issue of $35r
000,000 20-year 3%
sinking fund debentures, due April
1,
1968.
A portion of the
proceeds from the
financing will
be applied to the
retirement of $15,000,000 of
outstand¬
ing 20-year 3% sinking fund
debentures, due May 1,
1962.
—
$1,740,118
•-\j,r:
.
its
Standard Oil Co.
31,
$2,473,313
1,264.225
1948—Month—1947
Operating ireteOTlcs y7v7 7 $339,867
$298,504
Uncollectiblq oper.'
500
Qumton, befora his association with the Edison
company, was
Lps VAn^eles/jCatif., • resident partner of Arthur Andersen &
Co.—
.
April
domestic
for
bank
Southwestern Associated Telephone
Co,—Earnings—
Period End.
.
.'"jbf^(toior
on
meet
535,000 barrels per day.—V.
Georgia
Dec.
on
"
and
7
^7/7:'•'77-77/;//7;7/:;777
1942, has been
reported
expanded research
distance
diameter, crude
O.
since
to
Arabian
used
were
$3,321,129
;
i.77™^.L7
the company
for exemption from competitive
Net profit
of a proposed 800,000 shares of cumulative convertible
prefer- :', —y, 167, p. 1369,
has been
jfaroid Quintqn, Yiee-President
..y
announced.-
efforts
7.'/,777
a
■7:
.
company
of
approximately 1,100 miles. Its
capacity will be
approximately 330,000 barrels a day.
The other, Middle East
lines Ltd., is
Pipe¬
planned as a 34 to 36-inch line
of
stock
■enm
in
mileage and additional
$20,000,000 last year.
of
coast,
special
any
short-term
u,,,j647
1946' i*''• 1945
!.
1 $20,003,797 $11,589,068
$15,293,805
16,682,668
9,115,755
13,553,686
sales™
of goods sold
; SpnthBrn California Edison Co.—Stock
Approved—
application
the
year,
-'with two new 16-iiich
;7'
7
77; : ■
■
'; ;7V 7, ;;;7'further participation in
Middle East oil for which the
is
company
negotiating includes part interest .in two
pipe line developments to
increase the flow of
greatly needed oil to Europe.
One, the TransArabian, is now under construction. It
will be a 30 to
31-inch diame¬
ter line from Saudi
Cur¬
;u':»■ • IV 4''
net
Taxes on
7 Th«
previous
The
agreement,
Co.
current
in
and
v
This
Expansion of pipe line facilities of
foreign affiliates required another
$27,000,000. Chief among these is
the Creole
Petroleum Corp.'f hew
150-mile, 24-inch line from the Lake
Maricaibo Fields to
AmuayTBay.
Though delayed by slow deliveries of
materials, it is anticipated that
this line will
go into operation late in
1948,'.-77;.;•* '77
;
Through its one-eighth interest in
the Iraq Petroleum
Co., the
Jersey company, also is
participating in the expansion of the
system connecting
pipe line
Iraq's Kirkuk field with Haifa and
two
Tripoli.
Here
existing 12-ittch>lines are being
paralleled
inven¬
as
and
required
SUMMARY OF EARNINGS
;'
Cost
1,588,997
1947.
7/7'77:.'
for
$750,000
,
$16,435,165 $14,273,467 $32,790,323
$28,265,235
13,449,119711,334,336: 27,034,480 23,387,962
1,732,976
1,736,096
3,334,066
2,979,370
874,328
was
moving nearly
creased
40,000 shs.
$750,000
„
$2,361,777
.in
1947,
operations were expanded
wherever possible to
provide in¬
facilities for
moving oil. Despite extreme
difficulty in Obtaining pipe for new construction
these companies
during the year added
200 miles of trunk;
pipe lines
for
$1,203,035
•
pipe lines
has
$1,253,070
7 / 873,162
on
creased
300,000 shs.
40,000 shs,
working capital needed
1947, and the proceeds
7
pay
net
application
-purposes
in
the
requirements
rent
and
•
Net oper. income.
Net after charges--7I_7
it
Among other efforts
.
_7
the
over
of
products.
Outstanding
1,000,000 shs.
™—
revenues
,
lines.
'
expenses
research
barrels of crude oil and
products to
Operated at peak
capacity as common
points.
tures
;
Opcjiating
petroleum
pipe
000,000
.
"Operating taxes
v.
products and to continue
refining methods, this company
provide facilities for the
panies transported
,
f7-
/-/'a
,
for oil
and
in
operations prepared
were five affiliated
reveals,
.
;| -f Operating
18%
77777
factors
summary
PURPOSE—The funds from the
preferred stock in the gross amount
$1,000,000 and from the loan of
$750,000 are deemed necessary
to
;
.
central
about
lp..
other countries,
of
the balance due to Recon¬
the purchase of a fertilizer
plant in
The balance will be used
1» ttext, all of the
at, $80 per share and
To help meet- an
expected record demand fdr oil
products in 1948,
the company and
affiliates spent
$47,000,000 last year to increase pipe
line mileage and
petroleum storage facilities in
the United States
pre-
for working
capital.
The
balance of
approximately $650,000 will be available
capital for the
beep operating under p lease
above-mentlonad /purposes an,;i i°r the
payment
of
approximately
$87,201 of.expenses in
general corporate purposes.
;
connection with the loan and the sale of
.The company is engaged in the production and sale of
the
securities.
fertilizer,
77777 7777-7.. 7/7,^>7 ''777;.
'sulphuric ae'd and sulphur, principally in the southwestern part of
TRANSFER AGENT—Trust
;'
the United States.
Co. of Georgia has
Its major plants are located in the
been designated as
transfer agent for
Houston-Beau-/,
the preferred and common
'mont, area of Texas, in I#ittle
stock.
Rock, Arkansas, and in Shreveport, LaThe company is
UNDERWRITERS—The name of each underwriter of
engaged in a development and expansion program in' /
the
stock,
J '.several fields,
together with the respective
The Houston fertilizer
number of shares
plant is the only producer of
underwritten, follows:
ammonium phosphate fertilizer in this
7c.'777^'v'';7;; '7, ,.-77; 777
No. of
country. > The company also
No. of
7:7;
/•;'■■ t'/- .7;"..'"7;Shares
.operates twro plants which recover elemental sulphur from sour
natural
Shares
Equitable Securities
,jga& based on a process developed by the
Corp.__ 7,500
company.—V. 167, p. 157..;
Varnedoe, Chishold ii Co. ■
r'
Clement A. Evans &
Co., Inc. 7,500
Inc.;
4,000
Kirchofer & Arnold Asso-vi¬
Southern Bell Telephone &
The
Telegraph Co.—Earnings—•
Robinson-Humphrey Co. 4,000
olates, Inc, ?.
77. 4,000
::
Period Ended Feb.— 7:
Johnston, Lemon & Co
4,000
1948—Month—1947
1948—2 Mos.—1947
Johnson, Lpne, Space & Co.7; - ''
Marx & Co._
operating revenues
3.000
$16,496,780 $14,321,967 $32,912,097 $28,359,041
Inc.
4,000
Norris & Hirschberg Inc
.Uncollectible oper. rev._
1,000
61,625
43,500
121,774
93,806
G. H. Crawford Co. Inc
1,000
-b
struction
C
stock
1948.- ■■'■••';• \
com¬
aluminum
June
on
7-/
Spent $47,000,000 for Additional
Facilities in 1947—
EFFECT TO PRESENT FINANCING
($26
•
conv.
serial
$0.72
H56V^
proceeds will be used in part to
the
GIVING
'7;' '■,"'v"7 '■•'•. 7-^7:7. 7a
Common
:
$194,662
members
*.^3
program of Jersey Standard
and its
affiliates, calling for moderniza¬
tion and expansion in
addition to research and
development, will cost
in excess of $1
hiiUon over the 24 months of
1947 and
roofing
a
V '■'
-
.t
CAPITALIZATION
$893,656
21, ,has sold a S4,000,000 promissory note due April
1,
.1960, to Metropolitan Life Insurance Co.
The note was
placed privately through Dillon, Read & Co. Inc.
The
light
paper,
>
:
Southern Acid & Sulphur Co.,
Note
Inc., St. Louis
Placed Privately—The
company, it was announced April
%
,
; /;■
;v; •;-;; ,■; •
industry the company manufactures
heavy drums, cups, strips and aprons.
the
of
In order to
and
$272,934
'
stores
.'.11."V-' i'l" **•
progranis, a
laboratory has been completed at Baton
Rouge, La., a second Mid
larger laboratory is now
being put into operation at
Linden, N. J., and
the laboratories Of The
Carter Oil Co. at Tulsa have
been doubled in
size by additions to
existing facilities.
'
f
Jersey Standard announced
recently that the "meet-the-demand"
utilization
as
barns,
sheds,
miscellaneous out-buildings for rural use
for
warehouses, storage sheds, etc., for industrial use.
In addition to
the products which the
company manufactures the
company distributes lines of
household furnishings, farm
and
equipment
machinery. Company also distributes
building supply lines
in¬
cluding insulation, asphalt and
composition roofing,
windows, doors,
paint, wall
379.000
$1,926,424 f $1,594,236
699,624
700,580
78,272 y;
V :
''
Balance
■Earns,
3,137
v
buildings/ well
-tobacco-curing barns and
$448,286
175,353
$587,765
for.pld. divs—-
•;
naval
of
The
,
$1,592,756
;
1,480
569,500
Co.,
April
new
certain
,;777:;;7.,-. 7,
the
company
fabricated
900.001
$763,325
/ $765,351
177,586
^
sells
'-/
statement prepared for
Jersey Standard's annual report, which
/ will be mailed to stockholders this
month, showed that in a continuing
study on the synthesis of oil from natural
gas, cbal and oil shale,
greatest emphasis so far has
been placed on the conversion
of natural
gas to liquid products.
The chief product is high
quality gasoline, but
: substantial; quantities of alcohols and
other chemicals are also made.
V,;,,'•
manufactures and
products purchased
other
"..'
primarily through Standard Oil Develop¬
research and technical
affiliate, represents an
A
shares
The company Is the
largest independent fabricator of metal
the United States. 7;
For
98,187
298.900 j y;
4
deductions
9&,187
y
271,766
Net income
-Prov.
the
7..
;;
;Prqy. for, other taxes—
Gross income-
of
company
plete line
:
ment
.on
The
The
7 in
„
adjustments
more than
$18,000,000
research effort, carried out
IS 43,
-I-145,277 ",f.705,374.
v;:; 631,962 7
r,
.
>
Prov, for amort, of elec- >.
t>ic plaat..acquisition
-t'
all
'3<
.•
'.....■
producing
spent
of stock of Southern States Iron
Roofing
cprppration continued as a
holding company until Dec. 1,
when Southern States Iron
Roofing Co. was merged Into the
corporation »qd the name of
the latter was
changed to Southern
States Iron Roofing Co. •• 7/
,
.,..!
To help meet the increased
demand
studies for perfecting
•
33,549
^^bUUty
and
^
.."
„
products and dis¬
by it from others,
Company has
1948—12 Mos.-J-l947
been engaged in the
manufacture of metal
-roofing /or more than
30 Years, and, the
$9;085,435.;$7,888,119 i
sale thereof
primarily in Georgia, Florida, the
r
2,4.45,578
2,259,501
CaroLnas, Alabama, and
Mississippi where metal roofing is used
/extensively. On March l, 1948 the
company had a backlog of orders
i 1,403,649:
:
718.910
for metal ropfing
amounting to $366,737, all of which were firm
orders.
To
supply these orders the
company commenced fabricating
195,613;
.400,801
roofing from aluminum sheets, .V
electric. ;■■%>
'-A> ■;>
generation118,524
/v•
Paulsboro,
Buffalo
tributes
lS48—3 Moc.—1947
revenue-«
"•Electricity
.
^
•Operating expens-es_^__
in
HISTORY AND
BUSINESS—The business of company commenced
w;th. a partnersblp formed in
1914.
Feb. 6, 1926, the business was
Incorporated In Geprgia under the
name
of Southern States
Iron
Roofing Co, : Dec^ 31, 1942, the present
corporation was organized
under
the- name
of" Southern
States
Iron
Roofing
Corp.,
which
•
v.
Electric & Gas Co.-
Period End. Mar. 31—
'FUel'' used
J-
,
"
"rOperating
the
miles
The
.
r South Carolina
>
••
v:.T,
pqst
.
^
••
Syracuse,
•'
Aijentown, Exeter and Hazelton, Pa.
estimate was available but that bids were
iV. 187, p. 1592.
/
t
166,
Malvern, Pa.; to
month, the company
«•»:••'
with
^
■
Reajdinjg:,
.^no
'
of
*
'
Eafning^—
-''
•'
WtgWMlm
'/•!'£■•'"■''"'
*-.
V
Standard Oil Co, (New
Jersey)—Spends $18,000,000
Research to Help Meet Increased
Demand—
Co. — Preferred Stock
Offered—An underwriting
group headed by Equitable
Securities Corp. and Clement A.
Evans & Co., Inc. of¬
fered to the public
April 20 a new issue of 40,000 shares
of &% cumulative
convertible preferred stock
($25 par)
at par and
dividends.
■
'77: V-..
Private Sale of Debentures—The
company, contem¬
poraneously with the sale of the preferred
stock, will
sell to Jefferson Standard
Life Insurance Co.
$750,000
Al/z% serial debentures, due $25,000
semi-annually.
from
a
:
•' '".*' ' 'V '
7
'."'V.', ^
..
T —
increase
.
provide
6;..
the office of j. A- Simpson,
Treasurer,
York, at or before Noon (EDT), on
New
Southern Stales Iron
Roofing
Oil
Binghamton, N.
.announced
^
■
Immediate payment of the
"full
redemption price, plUS accrued
dividends to June
1, 1948, will be made at any time on or after
MAy 8^
194$ at The Chase National Bank
of the City of New
York, li Broad ;
St., New York, N. Y,, upon presentation and
surrender of the preferred
stock certificates.—V.
159, p. 2015.
.
Co., Inc..— Soon to Begin Con¬
struction of Interstate Oil Pipeline— >
*
f i
| I
i
1
Consfructiou of a 154-mile eight-inch "products'- pipe line for the
;
•
S.
;;
-
''
'
t
I'
-7;; ;7'.;.7, .77,.7
Week Pn.ded April 14 ,Jan.,1 to
April 14
'' ,4t,;
•'v:;. •' '•
1948
1947
4
1948
1947
earnings;
$5,598,981
$5,447,527 $91,730,126 $84,726,463
—v. 167,: P. 1700. i y
Presi-
Chairman
/;•'".J.. ■;,//; ■•;,. •/>.; ',/"/ '/'^'//;;;
■
Socony-fVacuum
r
elected
succeeding
1828..
p.
; ;•
■1':,':>
■
has celled for redemption
outstanding shares of cumulative preierred
dividends.
1
"
'
Period—:
& Iron Co.—New President—
Lawson,, fpjrnmriy Vice-President, has been
Hugh Morrow,; who has been elected
"
at
Broadway,
■
Standard Oil Co. of
Kansas—Calls Prefetred Sfoclfe-
Gross
and
"
be received
165
Southern Ry.—Estimated
Gross
,:
;
producing companies of this corporation report a net
casinghead gasoline production for the week ended
April 9 of 58,200 barrels daily. This is a new
high and compares with
.91,800 barrels daily for the week ended March 12 and 62,000 barrels
daily for the corresponding period a year
ago.—V. 167, p. 751.
oil
must
2117,
existence
perpetual.
■
1
The company
y
•
corporation so that the duration
crude
bids
May 6.—V. 16^, p. 1593.
,,
/Domestic
./
1700,
equiproenf trust certificates, eeries X, to mature in
10 equal annual instal¬
and to be secured by new railroad
equipment costing not less
than $16,650,000. i,:.; ;-,i y y; '
1235.
the
167, p.
ments
'
centsj.r
p.
165,
Jteports Record Daily Gasoline Output—
;
usually
company
intervals,
i Room
perpetuate
May-19
dividend
at. quarterly
•
Southern Pacific Co.—Asks Bids for
New Issue—
The company is
inviting bids for the purchase of $11,100,000
"
each
Feb.
on
the
stock.
common
|'#1
-•
for the week ended April
17, 1948,
compared with 2,310,000 kwh. for the cor¬
as
responding week last yejtr, an increase of 6.4%.—V.
Silcx Co^Cbnits Dividend Actioii-
i,"',
C0M-MERC1AL & FINANCIAL CHRONICLE
•"»
Seitoerliogr
/
THE
"-ft' *S;-
,->•
The largest sales volume in
the history pf the
company was attained
in the fiscal year ended Jan.
31, 1948.
v..
Working capital on Jan. 31,
1948, amounted to $9,281,450, an increase
of $1,083,636 over the
figure of $8,197,814 a year ago.
During the
eight-year period between Jan.
31, 1940, and Jan. 3L 1948, working
capital has increased $5,597,245.
.
The balance of the term debt
'\i■./h^
as of Jan.
31, 1948, was $1,9.15,222
j^ter
during the year totaling $137,251. This debt
represents the
unpaid portion, plus premiums, of the
20-year loan of' $2,250X
the Metropolitan Life
Insurance Co/ made in
September, If
loan, plus $1,000,000 in cash taken: from the
worktog cs_"
amount of the original fund
earmarked for- the
payments
ment program.
building aito te&rbv$»"
At Jan. 31,
1948, this fund amounted to
$106,000, while
uncompleted projects were
approximately $1,406,006.
On April 2, 1948, an additional
term loan of
$750,000 was made with
the Metropolitan Life Insurance
Co.
commitments for
original
required.
maturing
loan, June
1,
1965, to provide,
in
on
part,
the
the
same
date
as
the
additional funds
K
;
ACCOUNT FOB YEARS ENDED JAN. 31
CONSOLIDATED INCOME
fi'r
1948
Maintenance and repairs,,—
Depreciation and amortization;
Taxes, other than taxes on income
interest expense
r
312,866
,
^
377,309
64,603
liabilities
$4,074,669
1,563,000
taxes
on
future decline in market
and other contingencies^
•
$2,767,735
130,583
694,432
$4.08
paid on preferred stock—
—
Dividends paid on common stock
———
Dividends
Earnings
$4.94
share—,—;——
per common
,
Merchandise inventories
'
fRetirement
fund-
reserve
250,340
L-
—
.
245,138
Deposits and. pther. accounts—;
—
f Land, leaseholds, buildings, and improvements
Furnishings, fixtures, and equipment—,,—--;
Amounts appropriated for expansion and mod1
:
■
.
Common
i
Wrapping,
Unexpired
146,662
216,560
100,663
Accrued
(Sundry
.
531,937
379.955
$5.64
192,153
'; 132,320
,
80,462
60,300
f't3% note, unsecured .-_-_-_-;~;_-i..i-^-i-i,—; r 1,983,821
7% preferred stock (par value $25 a sh.--.re>——:
1,860,925
1 Common stock (par value $5 a share)-———
2,920,460
Capital surplus •—-——--if--—941,888
Appropriated surplus for possible future decline
'
in market value of invent., and other conting.
750,000
Earned surplus ------4----————;^———'
7,121,251
2,120,446
1,360,923
2,923,960
948,288
^"Federal
state taxes on
and
(est. >__.__
income
DEC.
SHEET
-
•
.
V:
.
(<;:.
'
Net
.
■
5,461,677;
■
$19,699,439 $17,796,589
•After reserve for doubtful accounts of $75,000 in each year, .tin-'
vested in u. s. Government securities—at cost and accrued interest,
■i Including $25,000 in bonds pledged to secure lease obligations. gAfter =
reserve for depreciation. of $2,357,30G in
1948 and $2,243,891 in 1947.
f After reserves for depreciation of $931,099 in 1948 and $963,706 In
1947.
^ After
deducting u.
8. Treasury tax notes amounting to
I
,
4,286,056
17,000
ttPayable in annual installments of $88,000, plus a premium, to June 1, 1964, with balance due
'on June 1, 1965.—V. 167, p. ,1594.
r.:v;i
,
*=
1,764.325
1,933.392
48,841
29,991
i
33,465
might
c
457
Co.—Distribution Plan Established—
Sun Oil
The
Tilo Roofing Co., Inc.
••
April 15 established, effective April 16, a plan to.
distribution i of its increased gasoline production.
assure" equitable
Vice-President In charge of# Marketing, announced
5more gasoline would be supplied to all
distributors and dealers, month by month, than they sold last year.
Samuel B, Eckert,
further
until
that
wi'l
extra amount of gasoline will be made available to
and
dealers
whose
sales
showed
increases
in
November-December, 1847, and March, 1948, over corresponding months
a year earlier.
'-'jp
insur,
'"
"
distributor
each
selected
dealer
reflecting
best
as
and
in
conditions.,
Sun's
assure
year
for
the
would be fairly distributed among its outlets.—V.
With
the
completion of
35th
well
of
structure
Lounced.—V,
the rich Seeligson
1735. -v..",'.;
167, p.
field, it
p';.
.■
just recently
was
$1,161,275
478,008
$1,708,913
675,000
$865,953
*376,000
(net)—.
income
Income
——_
income
——
$1.40 conv. pfd. stock;
on
dividends
Coi*
Proceeds go
to
a
$1.48
H:
Misc.
Calendar Years—
.
SHEET,
DEC.
1947
.—"$14,431,959
.
—
accounts receivable
incl.
receivable,
accts.
officers
and
"*I?et .(sales
assets
stock.,,..—../——
dividends, times : earned
earnings on common stock
Ilet
$899,396
$1.24
.
Long-term debt (end of yeari—
(Working capital (end of year)
:
Employees (end of year) approximate——
• Money
invested per 'employee;.;——I.
,
The
,
that
outlined
exceeded
1,785,000
1,000
2,066,525
1,150
$7,400
$6,600
"all
in
all,
earnings
net
that
of
1947
were
was
higher
the
and
year."—V,
previous
any
the
of
the
sub-share
certificates
will
May
on
Earned
electing a trustee in place of David h. McAlpln.—V.
3
consider
in
158, p. 2087.
and
unearned
1946.
tAfter
Texon Oil & Land Co.—Proposed Consolidation—
See Continental Oil Co. above.—V. 165,
p.
.1324.
and $3,069
1946.
At
.
the
annual
meeting
holders voted to increase
.
shares
to
750,000
shares.
additional shares of
held
the $5
on
They
common
April
par
20, over 80% of the stockvalue common stock from 250,000
also
authorized
stock for
each
the
issuance
of
one
common
two'
:
r
1948
of record
at
J947 .Best Yeor iii History—C. B.
Smythe,
166,
p.
at
90.751
:
i
v. 167.500
2,440.000
the
of
1
on May
:
.
•;
394,165
462,125
394,165
2,231,993
462,126
-
$50,159
in
1947
2147.
.
h
167,
$43,205
in
iand
leased, from
New
Haven
.
been
five-year
&
the
St. James Street,
guaranteed
lease
New
Hartford
conducted
expires
York
RR.,
with
sinking
on
the
Central
as
joint
New
Sept.
value shares.-—V.
par
165,
fund
30,
RR.
Co.
lessors,
York
1948.
not
increased
l!
its
meeting
increased
wa3
13.
April
on
i
,
share
35 cents a common
'• //V'
','V
to
1947.
/
:V
1631.
p.
Traffic Up—
the
sales.
airplane miles increased more than 8%
totaling 4,592,060 as against 4,239,447.7—V. 167,
Revenue
period
same
holiday' travel,
revenue
passenger
during March increased more than
/,/■?;: is-:
■■
;
i/'
V;'
of
the
of
1,059
Street,
Dec.
Sale
of
York
be
York,
New
Alien
N.
5,
sold
on
stock
common
N.
or
AH
before
noon
;
worth
net
of
company
presented at
Broadway,
(EDT), on May 18.
Stock
//•'-'<•'■■■ /'/=•? /•'■;;■//;
bids
must
of
Justice,
Department
to American citizens.
par),
ino
Y; .' Reported
$443,023.
Property
Y.,
only
States* invites
the/United
of
of
shares
31, .1947, was
Office
New
v/ill
General
Attorney
■<
.
be
120
V
:
and
Central
the
all
RR.
New
York,
The
present
on
to Be Held June 5—
April 21
Preference
Stock
curities
and
aspects
recommended by
:
authorized the announcement
Plan
otherwise
is
Exchange Commission,
it
will
Commission's
the
be
tha^,
Columbia
Gas
Cincinnati
Electric
&
Gas
&
in
Furthermore,
Corp. common
Electric
Staff
stock;
Co., common stock;
on
April
9.
As- thus
3/10ths
of
a
share
of
A
Tho
principal
change
under
these
modifications
would
be
to
elim¬
inate from the package
increase
from
(4
the
of
1/10 of a share of South Jersey stock and .to
amount of Cincinnati Gas &. Electric Co. common stock
a share
to 3/10 of a share. Jt is now definite that the
package
wiH
common
stock
Jersey
include
rather
common,
j
and $6 cash.
Rather, payment would be made in cash in place of fractional shares.
.
-
line with the Staff's
suggestion, the holders of less
than 20 shares of United prefernece stock will receive their pro rata
share of Cincinnati stock in 'the package rather than cash. The plan
would still provide, however, that no fractional shares would be issued.
*
!
1
if the
approved by the Se¬
modified in the minor /■■
modified, the plan would provide for an exchange* of each share of the
company's preference stock for the- following package: /One Shkre of
Public
Service
Electric
&
Gas
Co,, ; common
stock;
one
share of
M'
negotiations
directors
The
company's
mortgage
but
(Dei.)—Preference Stock Plan Modified
—Oral Argument
West, Montreal,
277 Park Avenue Corp., N. Y.—Future at Stake—
t have
$4
February, totaling an estimated 71,633,300 compared
miles, according to Harold Crary, Vice-President—
against
and
Wooster
$7,070,191
and
Disclosure was made on April 20!in a letter to stockholders signed
by John A. Bolles. President, that the future of a $6,000,000 property
—the apartment house at 277 Park Avenue—is at stake, in negotiartlous respecting; the leasehold,
The building was erected; in T924" On';
V
-
bids for the
r.nd 210 shares
class A 5%
first cumulative preferred stock (par $100).; These shares
constitute approximately 10.59 %
of the common and 35.77%
of the
class A outstanding.
Company is; engaged in the manufacture and
sale
of
paint brushes, having
a
principal office at i 16 and; 118
of
Montreal, 119
former
-
on
the high cost of operation, he stated that the
spent $13,600,000 for replacement and essential improvements
in
addition
to
$23,000,000 set aside for depreciation and
62,518,957
The
v.
of
the
stockholders at ■ the annual
purchase
outstanding 314% 20-year bonds have been called for
April 30. next, at 100 and interest. Payment will be
Bank of
the
without
United Brush Manufactories# New York—Auction
126,107
675,000
on
the
in
issue
1736.
p.
7 % gold
bonds entitled (under the Compromise or Arrangement dated April 25,
1947) to receive in exchange therefpr 3»/2% 20-year bonds referred to
above are urged to effect such exchange without delay; so that such
holders will thus be in a position to present and surrender their said
314% 20-year bonds fcr redemption on April 30, 1948.—V. 165, p. 2715.
the
President, on
^pi^. I said that sales of power shovels and cranes for
totaled $25,666,088. Demand for the company's
%iew ihodel.TL-20 helped increase sales to
tliig ne\y high
L
the
of
Holders
Ohio. The Exchange on
that this issue be quoted "ex" the distribution
for
em¬
Canada.
now
stock held
^ husinesaon April 30, 1948, at Elyria,
17
All
made
•
■
JAfter
with
259,796
337,078
pay.;/
from
has
cents. Nov,- 8,
as
traffic
$421,793" in 1947 and $300,320
for depreciation of $346,457 in 1947 and
reserves for amortization of $3,323 in 1347
reserves
in 1946.—V.
.redemption
-
stock,- for each share of
miles
118,375
"
Jield,/There will
l>e transferred to the capital account $785,000 from the capital surplus
account and $734,820 from the earned surplus account. When the in/ crease is completed there will be outstanding 455,946 common*' shared.
The New York, Curb Exchange has been advised that - the
$5 par
common stock will be splitup on the basis of three shares for one by
the distribution on May 14, 1948 of two additional shares of
$5 par
>common<
fees
statement
registration
a
construction loans and provide construction '
Union Electric Power Co.—V. 167, p. 1736.
this
in
United Corp.
;
,
pay
attributable to
Easter
flown by?United Air Lines
with
;
Transportation Building Co., Ltd., Montreal, Canada—
Calls 3M>% Bonds—
Tbew Shovel Co.—To Make 200%- Stock Distribution
•
>,
1948,
Registers with SEC— ;
United Air Lines, Inc.—March Passenger
.
i-!'
,.
finance
to
quarterly dividend
25
1947
as
losses
filed
19
Partly
1675,000
—---.I-—' ■' $8,841,559
credit
for
used
subsidiary,
depleticn.—V.
627,629
/
2,453,142
reserves
$294,811 .in
i;
April 21,
1.204
97,550'
surplus
"After
1945
on
Commenting
in
$1,500,000
—'
Total:
holders
business
close of
addlt'onal shares resulting from
stockholders about May 15,
to
dividends this year because
business princip'es dictate that-the costs of staying in business
be met before profits are distributed," Reese H. Taylor, Presi¬
company
283,036
478.000
withholdings
Capllal surplus..—
Texas Pacific Land Trust—To Elect Trustee—
The
45,333
$7,070,191
—
ployees and sundry creditors
'Loan & purch. money mtge. instal, due in 1918
Loan and purchase money mtge. (non-curr.)_„
Common stock (par value of $1)
165,
be
a
told
The
from
14%
deposits,
April
on
company
"sound
155,925
taxes on income—
Customers'
best
of the
as
mailed
.
transactions
dent,
57,604
421,239
Other current liabilities, Incl. trade accts.
408,000
2,559,486
be
1,733,608
commissions, etc
—
the corporation's histoid;
expansion
Federal
j
V4
;
value into shares having a, par value of $4 per share on a share
share basis, the New York Curb Exchange, began on April 14 to
shou'd
459,261
$1,500,000
;—
State and other government taxes
/
corporation also announced
in
Tear
.
.
payable to banks
Employees' bonuses,
.,'■94,097
/
.
3400.
$132,382
$8,841,559
V $390,449
$2.70
Earnings per com. share outstanding at Dec, 31
Dividends on common stock_;.;y/-i4_;—
.
to split the
tho
The aggregate
proposal
a
36,000.000.
unchanged.
to
Union Investment Co.—Par Value Changed—
liabilities—
Notes
4.11
approved
20
three shares'for one and voted to increase
This company having changed its common stock from shares
./
125,462
April
:
)<
Coriiv—Split-Up Voted— I'lvHC;:-
Union Oil Co. of California—Dividend Outlook—
3,399,837
159,040
515,911
125,462
"i. 8.17
,
Preferred
company
The
'
1,889,811
951
333,467
—.—
$9,844,763
1,024,858
:Het
earnings •
Dividends on preferred
i/yi'■
..
covering $25,000,000 of debentures, due 1968.
The names of the
will be determined through competitive bidding/ ' Pro¬
record
1946
8«7,460
Prepaid expenses, etc
1946
more for capital
Mr. Calder added
and Chicago, HI.,
six months,—V. 167,
for about
Eleetrle Co. ol*. Missouri—
for
for
31
1947
$985,340
4,379,047
'142,717
empl.
33,725
JPatents
.
" r
.
production"
of record
will
which
will
par
1961, and $300,000 on
Inventories—at cost or mkt„ whichever is lower
Results-
Tennessee, Products & Chemical Corp.—1947
'
■'v'*/
$12,000,000
about
spend
167, p. 1736.
The
r
$1.00
$2.24
;
;
Other
to
on
stockholders
ceeds
-/a,;;
BALANCE
t
Other trade
;
f'.ti
1947
2,671,941
1,271,437
$2.10 ;
1947, borrowed $2,000,000 from the
I, "Instalment accounts receivable
selling stock-
^
;
underwriters
p.
tReal estate and equipment—.
/■
*
$683,275
$1,033,913
$489,953
——:26,250
462,126
■
462.126 1 /: 254,169
Cash
...
■'
/
,
y,
—
CONSOLIDATED
On
April 19 a letter of notification was filed with the SEC for
£00 shares of common stock (no par) .to be offered at $8 per share.
Underwriter, Peniiigton, Colket &
L older.—V. 167, p. 1594."
:
1, 1949, to and including June 1,
starting June
June 1, 19G2.
ASSETS—
=
2,633,626?
Including $52,500 for excess profits tax.
.
Sylvan Seal Milk, Inc.—Filing with SEC—
=;•
lines.";1"';''/'
most
"ideal
to
up
Union
^Equitable Life Assurance Society of the U. S. at the rate of 3 '/a'!« per
annum.
The loan is repayable in
instalments of $100,000 a year,
an-
in
plans
=■
split,
•—V.
$347,128
i 13,823
NOTE—The company on June 11,
Jim Wells
Lease,
Dunlap
its
on
Texas, this corporation 'now has the equivalent oil i.8 oil
wells in only 35 holes—the 1,000-aere tract being located on a fnultiple-
-County,
competitive,
more
price
of capital stock
The
$1,707,036
l.S'77
——
—.
Earnings per common share/../..../.
•
/
;
conditions
supply of '
output of the industry. The market
but high ; demand may not permit
1948 will be entitled to receive the two
the
$1,232,046
Dr70,77l
profit
>:Common
167, p. 751.
Sunray Oil Corp.—Another Well Completed—
j^ay
.
:
Net
;
.
Approximately 76% of the outstanding shares were represented at
meeting. Over 99(4% of this amount v/as voted in favor of the
split. This increase in the number of shares will result in 28,807,314
shares issued and outstanding, not including 409,947 shares held by
the corporation.; F•'T;-,Vr';v/.FvV://J"*1'-'V"■
-•' ;
2,247,617
Dividends
*
•
!;
''3,296,662
selling & gen. exps,.
Prov. for Federal taxes on income.;
Mr, Eckert asserted, was prompted by a' desire to
additional gasoline which the company produces this
/
,
activity/under these-rchanged
in 1948' to prolong the Thort
enough
.
funds
'V'<
v.
action,
that the
■
'
"The preparations which the country undertakes ;
threats will
probably have a/ significant;
presently authorized 12.000,008 shares
capital of the corporation will remain
|
3,083,620
Total
selling
typical
opinion,
company's
).
war
stockholders
The
shares
:
This additional volume will equal 36%
of
-
Other
be
rot
SEC
of the average .increased sales
the three months, which were
/;v.
$5,728,370
office,
Gross
;
$2.40 /■
Business
high
of
sales,
Branch
an
y
of sub. finance CO.— ' $9,129,472; $9,381,341
incl.fchgSi on accts.,
5
'
& prov; for doubtful accts. > 4,811,806
4,377,643
of
Cost
■
'"'f ,-.;V
Union Carbide & Carbon
•
1345
fees on oper.
notice
;
the
finance
iSales, inch,gross iiys, Irom
-
*
-:1946
1947
'■
.
outstanding;/!;;1,483^98
with
company
1513.
p.
«
;
YEARS
CALENDAR
FOR
ais-
improvements and expansion in the next two years.
that the company's new plants a,f Trenton, N. J.,
$2,490,-
(& Subs.)—Annual Report—ACCOUNT
the
3.560.000
figures.
become
The
distributors
'those
-
INCOME
CONSOLIDATED
,
'{■■ Additionally,
-
tAfter reserve of $100.000.—V.
1946.
on
company
'
"
,
in 1947 and
167, p. 890.
.v
/
share__
effect.
stay
may
$8,107,753
$2,734,009
In
V;:.'^.^••:*1948.:-
'
$8,107,753
.
=
;
in
of
depreciation
for
reserves
increase
an
QUARTER ENDED MARCH 3l
kraft paper despite the increased
32,193
;
$11,243,271
After
approved
l3
and
economic
.
in 1947.
Aprii
on
provision for ; tsxes—,
shares
per
connection
in
4,000
.
$1,505,040 in 1943 and $-1,841,000
Earnings—^,
Mr. Calder added:
10,286
•
■'
4v:';;r'
Total-
►
Rubber -Co.—
&
earnings for the first quarter of <1948= were the largest
quarterly period in the company's history, Alexander Calder,
and Chairman of the board; stated at-the annual; meeting
of stockholders held on April 13..
'
>;■,v-Vt■
Sales
payable;/...—.$1,291,545
$760,456Wages, commis., As-amtS. withheld therefrom;
414,237
382,914'
Accrued local taxes/..—8,463 „
7,088
Federal taxes on-income (estimated)
1,609,789
657,385
Reserve for contingencies (surplus reserve).__
500,000
500,000
7%
preferred stock (par $100) —
398i300
450.300
Common stock (par $5)—759,910 v
759,910
Capital surplus
...
791,969
794.(155
(Earned surplus
5,469,058
3,795,345
y.
Asbestos
■*
President
—
*
Union
elected
Mr; Silver- :
for any
976,620
accounts
Trade
of
'/;}& '■_/
director
a
$19,300,000 >14,289;575
Number of
$983,808
10,124
;'"<■
is
/'/'
earnings after
Earnings
•
1946
,
.
17,000
(less reserve of '$48,005)ii^^Lyi;;'_
deposits
JClaim for refund <rf taxes paid in prior years
'Land, buildings, machinery and equipment—v
Advertising and office supplies———%_4.'
Prepaid insurance and other items—
;—
York
,.
sales
Net
"Estimated
1947
Investment
have-, been
Silverman
additional shares at present;
the
softening
750,000
Vice-President
/:
RESULTS FOR
37,576.
$11,243,271
,
Total
158.
stockholders
of
any
196,802
$1,773,8461,753.490
5,676,587:=
liabilities—
s
thorized number of shares of capital stock from 1,50$,000 to 2,500,000.
It was stated that it is not "the intention: of the company to issue
31
Miscellaneous
;
J;
Mr, Goldsmith of. New
G Corp.-and Jinvlsibkf Glass-Co/, of America; Inc./
p,
The
$3.46
.„/•.
::
Lewis;
and
company.
ord Sales; and
379,955
$14.51
;
receivables..
accounts
107,
Directors—
il
Inventories..;-^.)^.—
$2,211,138
1,135,383
$2,G40,987
salaries, wages, bonuses & commissions
1,010,511
payroll and witholding taxes—203,125
accounts accrued———————186,009
Accrued
33,549
BALANCE
!'i
assets—
tTradc
liabilities—/'•/•
Trade accounts payable and accrued expenses—
,
222,616
29,549
•
•:
share——
common
CONSOLIDATED
113,603
$19,099,439 $17,796,589
I—
-L——————1 r.
Total
*.
per
this
$562,66.1,*,
$891,417
of1
paid-
dividends
Earnings
2,006,250
"
Goldsmith
J,
."';V
J
^
,
.
,
Union Bag & Paper Corp.—Stock Iticreaged—Has Rec-
'250,685
profit
property; plant, & equipment of_
Preferred dividends paicL.:
——
1
46,973
1
!
selling, and general supplies,,,..,,,,,.,
insurance, prepaid license, etc.———
V.
—
1
*
>■
.
Executive
Is
man
•
$2,235,199
includes prov. for deprec.
Above
817,649
.
1
106,159
Government
Stales
Goodwill
Net
2,488,108
1,319,492)
Arthur
&L.
93,996
...
3,865,279
facilities—Cash in bank
securities,—,——
of store
emization
United
■
1"
"
85,614
124,664
"mother investments v-,_———"
■
dircckrs of
$25,681,588 $14,092,710 $16,197,174
20,149,112 ' 11,246,016
12,70),820
Cost of products sold
—
—
1,782,277
1,353,277
1,431,693
Soiling, admin., and- other exps>—
1,515,000
602.000
316,000
Fed. taxes on income (estimated)1,119,000
Federal excess profits tax———
-
Bolles" *v
Mr.
,
,
-
income*
/ Total
lcase,"
new
a
1
JjtOt-S
io.aOO
grjmt
$16,188,120
$25,666,088 $14,058,897
—
fo
refuse
letter,
7,
Uuron Asbestos & Rubber
,
1946
1946
railroads
which aunouhcCd/k' specikF stockholders'1 meeting." ''
"they would by their" refusal assert ownership
of a
$6,000,000 building fdr the erection-* of which* they/'did mot invesi^ -•*"
or contribute a Single penny."—'V,' 164, $. 3460; :
(
■;
•
YEARS
CALENDAR
FOR
1947,:.:
.——.—,—
Other income
.
$1,362,891
1,167,397
3,407,056
6,060,388
6,939,859
'
ACCOUNT
V
Net sales
$1,078,070
501,610
4,951,604
hand——
—----U. S. Govt, securities (at cost and accrued int.)
*
Accounts receivable (trade)—,
-
Cash in banks and on
INCOME
CONSOLIDATED
1947
1948
/'"■
the
in
May
of The B
31
JAN.
^iy consolidated balance sheet,
assets—
;.:
250,000
$2,511,669
130,264
730,815
said
on
^
>t tn
$3,017,735
—
surplus,,,,—
to earned
transferred
Balance
f
1,801,550
■'■'f'/
*'
the
"Shou!d
and so fa? in 1948 retirement of $177,000 oL the,,
stock has taken place,
leaving $273,300 currently/,
outstanding.
,•
— i
;
■
"
■'
In
a
personal interview; Mr. Smythe indicated that during the.
first quarter of 1948 plants operated at capacity, and earnings continued
at a high rate.
Mr. Smythe said that (t expansion of road /
building and maintenance, the wider use of the comuany s machine s
for
material
handling and the high level of priV&te
and public
construction were all factors which should help provide a satisfactory
volume of sales for the year.
•
'
profit$2,511,669'
wet
Provision for possible
value of inventories
•
$11,243,000.
During 1947
7%
preferred
$4,819,285
before
of the original lease with its .annnal ground rent provision- ol.
$247,000, Further, Mr. Bolles said In his letter, /"our proposal offers;
t
completion of the apartment modernization program and other, reha¬
bilitation which, according to the railroads'; owil^ estimates, might eost -T
.between
$750,000 and $1,000,000;"' - <• This proposal: .was« rejected by .
New
York Central
in January.
,■*?>'v'
$3,324,000. Cash and accounts
Total assets increased from $8,107,000
$3,426,000.
Corp.
to
204,783
income,—:——
Federal and state taxes on Income (estimated)
L
■"
,.i -A" V'
'■
Profit
•
•
totalled
a high of $1,423,21$ % the- directors of 277 "
nevertheless Submitted several months ago n pro- ./ ;'
York Central, the" basiev feature of which/is reinstate-;
a
posal to New
from $1,807,000 to
up
were
receivable
to
Avenue
.ment
report indicates that on Dec. 31, 1947 book value of
the common shares was. $46.20; working capital per share was $38.69.
Current assets increased from $6,246,000 to $9,203,000 while current
$4,614,502
income-,,--,,312,677
other
(Sundry
;———$3,761,992
—'—
"Balance
1927
Park
annual
The
,——,-p
'^
rr:-
$5,425,410
238,182
243,441
263,616
65,670
$4,854,469
337,699
--Profit'trom
In
Working
$14.51 per common share, another new high. capital increased from $4,439,000 to $5,880,000.
rental revenues have declined; from
present annual gross of- $854,640;
Although
$2,235,199, equal to
Net profit for the year was
level/
.
1947
,
'
Monday;'April: <26/1948
COMMERCIAL & FINANCIAL CHRONICLE
THE
(1852)
56
stock
a
share
than
since
a
of
Publie
share
that
of
Service
Public
corporation's
Electric
Service
.
plan
&
Corp.
Gas
of
has/now
Co. i
New
been
•
ii
*
-
-
Volume 167 *• Number '4693
THE; COMMERCIAL
approved by the 0. S. District Court and distribution of the
be made in
will
June.
stocks
new
VVT T/T'T
.
Robert
proposed findings nf the Commission's Staff, the reason¬
foreseeable range of earnings and dividends on the package as
ably
modified would be
.?
*
as
follows:
'
;
I sh. Public Servipe Elec. & Gas, common
1 shl Columbia Gas & Electric common—.
The
ways,
—v.
$1.60—$1.80
1.45
is
Corp.,
/T";,
;
He
also
has
been
elected
Brothers
Inc., C. I,
167, p. 948.
General
director
a
of
United
the
Fruit
1
;
:
*
the completion of the work now in process.
U. S. Steel |»s
other shipbuilding .operation....;
,
'
4
1
"Arrangements are under way by Federal to provide other employ^
meat or separation payments for its employees at the
plant."
upon
Foods
'
the
Navy*
■ v ■ '.
/•
Corp., Pan American Air¬
T, Financial Corp.'and Associated Dry Goods Corp.
of
v*
United States Navy*
This offeif has been accepted by tfesr
The price to be paid is approxlnxately $2,375,000,
'$epresett«B»fJ
depreciated book value of these physical assets.
'
*
/
"lb is contemplated that'the yard-will be -
to
:
/
President
and
'// V
'
director
a
i
CHRONICLE
Director—
a
Lehman, senior partner of Lehman
Lehman
'Co.
Dividends/
$2.04—$2.96
1.35—
of
'
.
Earnings
:•
FINANCIAL
United Fruit Co,--Robert Lehman
TVT^
/.'
Under the
.
&
no
,,
...
$.75—0.90
,
"
3/10 ah. Cincinnati Gas & Elec.
0.78
United Funds, Inc.—Registers with SEC—
0.42— 0.54
0.36— 0.36
0.36— 0.36
0.54—
common
"
Cash
at
6',i—
The
SEC
1
TftfnK
■"
»
-.
V$4.29—$5.55
$3.13—$3.60
,
.
v
1
sh.
1
,
sh. Columbia Gas & Electric
Public Service
Electric & Gas
$23.5
common——
dividend
1
3/10 sh. Cincinnati Gas & Electric
Total
\
'V
The
June
.*
■
has
briefs
to
the
set
be
for
matter
filed
on
May
oral
$49.6875 V
•
before it
argument
and reply
12
briefs
the
on
of
of
Wm.
M.
Hickey,
President,
Public Service Electric
heretofore made
&
public,
on
June
on
14
revealed
dividends, to $2.60 per share on the common
was $1,200,000, representing 85%
of
Coordinated
that
net
income
record
The
of
Transport,
a
stock.
the
Included
earnings
in
of
subsidiary.
these
Public
'/■•/
a
United
to
complete
would
be
compliance
reduction
a
the
with
longer
Commission's
order
of
2,818,397
owns
shares
of
Niagara
^V
a-
into
a
single
January
large
this
on
is looked for
lowed
by
a
plan,
at
an
plan
„
operating
and
decision
a
early date.
to
Hearings
company.
of
has
eliminate
pending
of
Niagara
before
share of Niagara common
a
special
capital
dividend,
the
as
its
New
share
of
ficial
k
Taxes, other than income taXi./__»_
Provision for Federal income tax—
.
Net
—V.
income
167,
>
adequacy
as
believe
t
1946
•
99,199
$485,865
6,868
$371,320
ordinary
April
use
with
government.
per
will;
we
both
price
22
reductions
that
because
unwilling
this
of
home
this
to
be
the
to
consider
steel
prices
at
would
the
it
corporation
would
have
later
some
under
the
sell
stockholders
sale
estate
of
for
an
Under
then
not
existing
grant the
boldt
meant further
Chicago
be
in
for
special
a
higher prices generally." v
t--T
i
"
-
(N.
•;
■
Y.
Time)
At
the
its
President
United
of
Federal
States
on
a
States.
long
ago
details
(see
/'
I-T
■;
April 26,
194&.—V.
T;-;
in V.
167, p. 890).
;
T
'
167,
1737.
p.
;
/
y^.^vT/v-T:I
I;;-'
meeting
of the stockholders held on April 16 con¬
increasing the authorized capital stock to
possibility of changing the company's name, war.
-"Tl
,■ /','T -7-'I/'■
to
World Investment Trust
tion
announced
has
been
earlier this
(Mass.)—Changes Name—
month
that
changed to Investment Trust
the
of
name
of
of
Federal
Shipbuilding & Dry Dock Co, offered
shipbuilding yard and principal facilities, at Kearny, N. J.,
the
annual
mortgages
for
$2,130,000.
of
one
of
meeting hqld April
by the company
9,
h&ld
the
The
offer
plants
by
is
the
contingent
the
present
stockholders
two
on
plants
upon
165, p. 984.
,
;
i A
approved
sale
m„.'Patterson/' N. J.,
completion
owners.—V.
•
this corpora¬
Boston.—V.
Wright Aeronautical Corp.—Sale Ratified—
At
' A1
months
approved
ivith Equitable, the four Chicago de- T
will immediately be leased back by Wie¬
term.; The new capital will be used by tbs»
finance expansion
to
given
was
$4,000,000.
The
also discussed.,,
Shipbuilding & Dry Dock
Corp., on April 21 an-
Steel
20
is inviting bids for the purchase from it of $14,000,000
bonds, series due 1978.
Such bids will be received
by *
1901, 60 Broadway, New York/Up to 11.30 a.m.
annual
sideration
we
It was
part:
April
on
company's investment/ in real
The Eequitable Life Assurance
T-T1
Woodside Cotton Mills Co.,
Greenville, S. C.—Stock to
Be Increased—To Change Name-—
.
"
;
held
meeting
1198. "
p.
first mortgage
said,
to
y
the company at Room
■
the
as
;;T;'
Co.—Weekly Output—
Wisconsin Michigan Power Co.—Bids for Bonds—
'
time,
$0.33
properties
company
167,
at
United
The company
condi-
advances
to increase steel prices at this
inimicable to the best interests of
$0.58
financing program
store
Stores
—V.
request for
TV/V/Tv TV/-TV/ V,
719,457
IT
$0,78
substantially all of the
estimated $3,000,000 to
the
the
partment
the nation,"
adding: "In our judgment the granting by us of
increase will not, in the long run, bring benefit to
any
will lead to similar substantial wage increases in other
in
"Several
to
719,300
,
the
;''•//;'/'; V": V/:'TV
did
so
Co.,
w
shares——
share————
V--T'_.,:;T;/.f?'■/T/T
Wieboldt Stores, Inc., Chicago—Sale & Leases Voted—
The
out¬
date
$310,753
719,177
the
Society of
prove
$501,309
output of the electric properties of this company for week
April 17, 1948, totaled 100,802,000 kwh., an increase of 3.19%
output of 97,718,000 kwh.; for the corresponding, week of
1947.—V.. 167, p. 1737. A I/AIT'-. ;
;t V
./'-TV -T
T'T'
owners.
should
198,000
$635,845
ended
over
wage
nounced
$373,654
common,
$595,923
81.1VO
79,862
315,000
Power
totaling
■/./,» T
; //-V '.''//"'
'•
in reducing the prices of a number
the cost of living may have a bene¬
If
have
and
wages
said
steel. VT/V. ;/;;
are
Fairless
a
common
p.;; 1197.,
167,
$896,171
.
394,000
1.—u—
Bars
cquntry will benefit.
If, on the contrary, costs
advance, then in fairness to our employees and to
to
Lynn H. Korndorff,
a
subsidiary of
;
.
-
of
Earned
Mar. 22/47 Mar. 23/46
$1,109,661
79,816
Taxes,—.—r_^ira—j;
profit
Number
Subsidiary Sells Kearny Shipbuilding Yard to Navy—
19,110
$1,332,619
„/,
674
54,000
of
one,
as
it
industries and
86.233
80,700
-
on
//%/VTVV v.-IS TV/;,/-;///;/;
of
such
1947
$1,025,199
for
the
increases
"We
31
and
Fairless
price
r
'
%
,
a
Mr.
15,975
i:
Net
and
throughout the nation and may be helpful in
bringing
early stabilization or reduction in the cost of living.
To
worthy result/there must be co-operation by both business
continue
Mr;
Mar, 20/48
taxes.—A
West Penn Electric
associated
stockholders
tions."
(& Subs.)—Earnings-^-
and
Interest
Federal Income
.
'/AAwAv>
Ended-
Profit before Interest
every one la this
come,
,
articles
Vv-AA,.''
the
labor
should
one-tenth
retired,
'
92,913
•
H
1
588.
p.
end
in
fol¬
common,
is
MARCH
1948
$1,522,207
■
;
bearing on the cost of Jiving, including products
by 'the consumer in the form in which they are
products which are converted by other "manufac¬
and
products
an
wage
United
'
„
■
Corp.—Reduces Prices and
1513.
P..
Weeks
12
,
common
effect
about
cur
be
company.
stock
QUARTERS ENDED
Income from dividends__„___„—1__
Income charges
V2TV.V/VV;V ViT'
Railways
American
—V.
Steel
announced
bought
into
steel
Mr.
FOR
&
the
167,
Ward Baking Co.
direct
less
or
achieve
Commission
then
distribute
to
preference
*
York
would
holding
a
plan
a
1'
*
,
EARNINGS
SEC
for each
after
Hickey explained.
c
the
of
,
operations of the
V.
His statement said in part:
.
"We are hopeful that our action
of
Hudson
concluded
were
This consolidation
*
United
Light
stock
States
are
turers
.
T/V" -""/''/ ;U //,
TT
Niagara has pending before the New York Public Service'Commission a plan to consolidate its major subsidiaries in New York State
;
more
1943.
holdings of Niagara Hudson
holding company in respect to
a
'
■'
of March
manufactured
United's
of
no
investment.—
$25,000,000
which
approval of the SEC
believed there would be
This
■:>
■<.
Underwriter, '
for
G.
Price, who has been appointed Vice-President in charge
National Tube Co.,. succeeds E. N.
Sanders, toho
becomes
Assistant
to
the
Vice-President in charge of engineering'
and
operations of the
United States Steel Corp./of Delaware.-^
lor its products and denied a wage increase de¬
by the United Steelworkers of America (CIO).
The.price cuts
will become effective on May 1.
Benjamin F. Fairless, President of the corporation, said that the
price reductions will be made applicable to steel products which have
final
; sufficient to make United
Niagara Hudson.
United
Power common stock. V/
■*'
.
Edmund
of
manded
Assuming that UnMed's plan to eliminate its preference stock receives
and the courts, Mr.
Hickey stated that he
only one more
major step necessary for /
-
United
corporation
almost
Co. on a pro-forma basis for
1947, not
$22,822,000, equal, after preference stock
.earnings
Service
./;
•
used
*'
Changes in Personnel—
-
the
Wage Increase—
Gas
was
be
;
with
May 22.
on
'
J
'
■
will
-T
statement
shares.
25, 1948.
It would be distributed on April 19
cash would be paid in lieu of fractional
shares.—V. 161, p. 1513.
V
/
/ /••
.
common
United
Modified Plan Announced—
Proceeds
Fund
The dividend would be payable at the rate of one share of American
Light common for each 50 shares of Railways common to stockholders
—V;
with
Co.
registration
a
income
stock, payable in
Light & Traction Cq., is
"appropriate" under the terms of the Holding Company Act.
shares
.
(at 26Y8)—.—TV..'- 8.0625
common
—
Commission
5
It—12.125
common
&
filed
13
United
United Light & Railways—Dividend—
An announcement was made
by the SEC April 16 declaring that the
1T//
.;
.
April
on
3,000,000
Herrick, ,Waddell
v. 164, p. 1767.
Total market Value of the package, based on
closing quotations on
April 20, 1948,. would be approximately $49.68 per share of preference
stock, as follows:,.
! r.
/
;
company
covering
166,
p.
of
the
sale
509.
■rt*
bond
•
I
ALABAMA
A/A/
Alabama Polytechnic institute
(P, O. Auburn), Ala*
Bond
Sale
The
—
building revenue
April 20—v, 167,
>
awarded to
$1,100,000
bonds
offered
1635—were
p.
syndicate composed
Co., and Lee HigT ginson Corp., both of New
York,
of
T
•
a
Shields &
Watkins, Morrow & Co. and Hugo
;
Marx & Co., both of Birmingham,
aj.- George M. Wood &
Co., of Mont/ / gomery and Berney Perry & Co.,
lot Birmingham, at a price of
par,
naming coupon
rates >' of
from
T 2%% tor
31/4%, or a net interest
'
cost of about 3.03%, The bonds are
dated April 1, 1948 and mature
t
a
proposals and Negotiations
ceedings so that the same may be
passed upon by the attorney for
such bidder.
Enclose a certified
bid,
payable
to
the
■
County Clerk, will receive sealed
bids until 2 p.m. (Calif. DST) on
May 17 for the purchase of $400,000
not
to
exceed
5%
interest
construction bonds. Dated
coupon
interest
County
and
that
the
$300,000 balance of
the issue, due from 1947 to 1960
inclusive/ are being reoffered at
prices
V
TV
to
yield
from
2.60%.]-^. 7^'T,tT
1.25%
was
I'SSa'.A
ARIZONA
i^^TTTt
(J-D)
payable
at
the
Treasurer's office. ; Issue
authorized at
Feb. 20.
an
election
Union High
Sch. Dist.,
Imperial County (P. O.
V
El
Bond
land,
on
,
Calexico
to
a/
;
Ccntro), Calif.
Offering
—
W. J. McClel¬
County Clerk, will receive
sealed
bids
until
2
p.m.
(Calif.
Maricopa, County Sch. Diet. No. 40 Daylight Saving
Time) on May 3
V-TV'./ (P. O. Phoenix), ArtZi
v
for the purchase of
$196,000 not to
T ' :
Bond Offering
;
per
visors^ will receive sealed bids
until- 2
:
p.m.
"
Time)
-
;
James E. De-
Souza,. Clerk of the Board of Su-
T;:
;
—
of
f *
T;
on
(Mountain
Standard
May 17 for the purchase
$6.5,090 not to exceed 4 % inter-
est
coupon
school
bonds.
Jam 1,1948. Interest J-J.
:NL000. vDue- July
1,
Dated
Denom.
follows:
as
"
S10,000 in 1953 to 1963, and $5,000
T
fn 1964.
All bids
state
the
rate of; .interest to be paid.
No
bids for the purchase of the bonds
at, a price less than the par value
.
T thereof* with
V
all
accrued
interest
thereon at the date of their delivery
*
must
will be considered.
The
suc¬
cessful bidder will be required to
..furnish and pay for the printing
of the bonds. Delivery to be made
at Phoenix.' The successful bidder
.
will be. furnished with
copy
a
certified
of the transcript of the
pro¬
"
-k
■;
*
—
Defeated—The
.
,
June 1, 1948. Denomination
$1,000.
Due $25,000 on June 1 from 1949
to 1964 inclusive.
Principal and
syndicate announced that
bonds maturing 1961
through
1978 had been placed
privately
:
proposal
to issue $490,000 bonds ($220,000
Treasurer.
A
'
city hall, $200,000 recreation, $45,CALIFORNIA
000 library and $25,000 fire sta¬
Arroyo Grande Union High School tion) was rejected by the voters
at the April 13 election.
District, San Luis Obispo
County (P. O. San Lute TV
County-Coast Wide Water Dist.
;
Obispo), Calif.
(P. O. Half Moon Bay), Calif.
Bond Offering—A. E.
Bond Sale Details—It is now re¬
Mallagh,
cessful
/
Bonds
County
the
-
'
Coronado, Calif.
check for 5% of the total amount
of
serially over a period of 30 years.
They are optionally redeemable
from building revenues.
The sue-
TV
Chairman, Board of Supervisors,
is required.
exceed
5%
ported by the President of the
Board of Directors that the
$300,000 water bonds sold to the Wil¬
liam R. Staats Co., of Los An¬
firm at a price of 100.132, divided
$6,000 in 1949, and $10,000 from
1950 to 1968 inclusive.
Principal
follows: $30,000 as 5s, due from
15, 1949 to 1954; $80,000 as
as
sold
for
cash
only
at not
less than par and accrued
interest to the date of delivery.
Each bid must state that the bid¬
der offers par and accrued inter¬
to date of delivery and state
Calif*
V'TV":
■
Tv'" >
Bond Sale—The $148,000 build¬
R. Staats Co., both of Los Angeles
and Redfield & Co. of Pasadena,
price of 100.072, a net interest
of about 2.907%, as follows:
$120,000 3s, due on June 1 from
a
1949 to 1960
2%s, due
1963
inclusive, and $28,000
on
June 1 from 1961 to
inclusive.
dated June
The
1,11948. T
bonds
.
.
are
premium,
if
any,
offered for the bonds bid for, and
the rate of interest the bonds shall
hear.
The legal opinion of O'Mel-
& Myers, of Los Angeles, ap¬
proving the validity of the bonds
veny
will
be furnished without cost to
the successful bidder.
A certified
check
amount
for
5%
of
the bonds bid for,
the
of
interest
Fuller ton,
will be
submitted
successful
bidder
charge.
All bids must be
ditional.
Enclose
Bonds Defeated—At
on
an
election
April 13 the voters refused to
authorize
the
following: $120,000
swimming pool and $100,000 rec¬
reational bonds.
T
V I;
.
Garden
of
Bond
payable to the
County
for
ap¬
a
without
uncon¬
certified check
l-^Calif*
T^
Offering—G. A. PequeCounty Clerk; will receive
gnat,
sealed
bids
until 10 a.m. (Calif.
May 3 for the purchase
of $65,000 not to exceed 5% in¬
terest building bonds. Dated Jtfly
1, 1948. Denomination $1,000. Due
$5,000 on July 1 from 1949 to
DST)
on
of
the
bid
•
at
a
net
interest cost of
Dated May
Bond
1.938%.
1,' 1948.
p.
able at the
&
fice."
County Treasurer's of¬
TV;-,'TV;
T-.TT'i;.,
vTJT/';'
Angeles County Sch. Dists.
(P. O. Los Angeles), Calif.
Bond Sale—The $1,500,000 Alhambra City School District bonds
offered
Sale—The $142,000 school
bonds offered
Due serially
May 1, 1949 to 1960 inclusive.
Principal and interest (MrN) pay¬
on
1515
Bank
—
of
April 19—v. 187,
purchased by Hie
on
were
America
Savings
Francisco.
National
Trust
Association,
of - San
Due serially from 1949
a
to 1968 inclusive.
;
'
\
,
Newport Beach School District,
Orange County (P. O.
V
Santa Ana), Calif. :
Offering— B. J. Smith,
County Clerk, will receive sealed
bids until 11 a.m. (Calif. DST) on
April 27 for the purchase of $500,V
Bond
April 20—v. 167, p. 1738—
a syndicate com¬
posed of the Bank of America Na¬
Grove Sch. Dist., Orange tional Trust & Savings Associa¬
(P. O. Santa Ana), Calif. tion, San Francisco; Blyth &, Co., 000 not to exceed 5 % interest
Offering — B. J. Smith, San Francisco; William R/ Staats school bonds. Dated May 1, 1848.
Clerk, will receive sealed Co.; Pacific Company of Califor¬ Denomination $1,000. Due
,
County
District, Riverside
(P. O. Riverside),
Principal and in¬
par value of the. 1961 inclusive.
for, payable to the terest (J-J) payable at the County
Treasurer's
office," A
certified
County Treasurer. TvT:"'"-/;-.'•
T, ]
check for 5% of the bonds bid f«r,
Greersburg Elementary Sch. Dist.,
payable to order of the Chairman
San Mateo County (P. O.
of the Board of
Supervisors, is re¬
Redwood City), Calif.
quired.';, ;TV;t/ ;■ T V;■.V'
' vI'TvTT
Bond Sale —The $60,000 school
bonds offered on April 20—v. 167, Mitchell Union Elementary School
District, Merced County (P. Oh
p. 1515—were purchased by Hell¬
er, Bruce & Co., of San Francisco,
Merced), Calif.
" !'
3%
bonds
Los
Calif.
School
County
rejected. The VV.:T<"
Bond
for the issuance of the
Los
the
Mecca
be
will
proceedings
;
est
separately the
—
for
at
be
-
,
El Centro School District, Imperial
%
County (P. O. El Centro), > y
nia, and Hill, Richards & Co., all
Angeles; Magnus & Co., of
Cincinnati, and Redfield & Co., of
Pasadena, as 2s,at a price of
100.1306, a basis of about 1.989%.
Dated May 1, 1948. Due on
May 1
of Los
$1,000. Due May 1, as follows:
$8,000 in 1949 to 1968, and $10,000. from 1950 to 1979, incl/T'vT
in 1969 to 1973. Principal and in¬
Additional
Sale
The' $32,000
terest
payable
at
the
County Topanga School District bonds of¬
Treasurer's office. The bonds will
fered April 20—v. 167, p. 1738—
be sold for cash only, and at not
were
awarded
to
the Bank
of
less than par and accrued interest.
America National Trust &
Savings
Each bid must state that the bid¬
Association, of San Francisco, as
der offers par and accrued inter¬
3V4S, at a price of 100.996, a basis
est to the date of delivery and
of about 3.155 %.
Dated May 1,
state separately the premium, if
1948, and due on May 1 from 1950
any, and the rate of interest of¬ to
1966, incl. : /■/>.>' Tv *'.• ■ vT T> Tv
fered for the
proval to O'Melveny & Myers, of
Angeles, and the opinion of
said attorneys will be furnished to
cost
will
t
4V2S, due from Jan. 15, 1955 to
1962; $90,000 as 3%s, due from
Jan. 15, 1963 to 1968, and $100,000
as 31/2S, due from Jan.
15, 1969 to
1973, all inclusive. Interest pay¬
able J -J.
' T' TV''
vv
County
bonds
bonds.
Dated May
1,
Interest M-N. Denomination
1948.
bonds
and interest
(J-D) payable at the
Treasurer's office.
The
building
Jan.
building ing bonds offered April 19—v. 167,
p. 1635—were awarded to a group
composed of Blyth & Co., William
interest
until 11 a.m.
(Calif. DST),
April 27 for the purchase of
$210,000 not to exceed 5% interest
bonds.
Each bid
geles, at a net interest cost of
3.72%, as noted here—v, 167, p.* shall be at a single rate of inter¬
est. Any bid for two or more rates
1410—were purchased by the said
bonds. Dated June 1, 1948. Denom.
on June 1, as follows:
$1,000. Due
bids
on
were
awarded to
May 1 from 1949 to 1973 in- p. 1739—were awarded to R. L. 15—v, 167, p. 1516—were awarded
interest (M- Day & Co., of Boston, as 1.80s, at to the State of Idaho, as 21As.
Dated May 1, 1948 and due serial¬
N) payable at the County Treas¬ ?
of 100.646, a basis of about
urer's ;o|fipe. Bidder to name a
h
li'o i??ted MaY'L 1948, and ly in from 2 to 20 years..
single rate of interest. A certified ?Ue,r?3000 on May 1 from 1949
ILLINOIS
check for 3% of the bonds bid for, to 1968, incl.
Among other bids
payable to order of the County were the following (all for 1.80s):
Chicago, III.
Treasurer, is required. Legality to Day, Stoddard & Williams, 100.19;
Bond Offering — R. B. Upham,
be
approved by O'Melveny & Coffin & Burr, 100.189; Estabrook
City
Comptroller, will receive
& Co., 100.145.
Myers of Los Angeles.
•
sealed bids until 10.30 a.m. (DST)
.
Pacific
Grove
Sch.
DistSacra¬
7
FLORIDA
of $66,-
May 5 for the purchase
on
500,000 bonds, divided as follows:
County Port Authority, Fid.
: Calif.
Paying Agent — The Chemical $12,750,000 1V2% airport bonds.
Dated July 1, 1945. Due Jan.
Sale—/The $44,000 build¬ Bank & Trust Co., of New
York,
ing bonds
offered on April 19
1, as follows: $750,000 from
has been appointed trustee, pay¬
~~v, 167, p. 1635—were awarded to
v
1950 to
1964 inclusive, and
Weeden & Co., of San Francisco. ing agent and registrar for $3,000 $1,500,000 in 1965.
:
:
}
000 3%%
International Airport
Dated May 15, 1948, and due on
200,000 iy2% city garage and re¬
revenue bonds.
May 15 from 1950 to 1967, incl.
pair shops bonds. Dated July
mento
County (P. O, Sacramento),
Dade
City Bank of New YorK; Chemical $7,000 in 1970 to 1972. Principal
Bank & Trust Co., * New York; and interest payable at the Ameri¬
First National Bank of Portland, can National Bank & Trust Co.,
These
bonds,
in
the
Ore.; Paine, Webber, Jackson 6t Chicago.
Curtis, of New York; Trust Com¬ opinion of counsel, are valid and
of Georgia, of Atlanta, ana legally binding obligations of* the
C. F. Childs & Co., New York, as Village, payable solely from rev¬
pany
Miami Beach,
Elementary Sch. Diet.,
Merced
County
;
000
Merced), Calif.
^
Sale—The
bonds offered
on
1303—were
p.
Bank
&
$60,000 school
April 19—v 167
purchased
of America
San
*22* /^??iteway bghting system;
paving; $200,000 water
nain and $65,000 bridge construc¬
Pinellas
County (P.
Clearwater), Fla.
*
Redwood City, Calif.
Bond
B
Sale—The $600,000 series
city plan bonds offered April 15
r~^u16Z' p* 1515~were awarded
to the Bank of America National
&
trust
Savings Association,
of
Certificate
ceive
$150,000
'} /4L?e on June 15 from 1949
to 1953
incl.; $150,000 2s, due
15 from
and
1954
to
$300,000 2y4s, due
on
1958, incl.,
on
June 15
is°mio4Q to01968'incl- Dated July
1948.
Second
high bid of
/i^5000 11/2S' $240,000
lland $300,000 2%s, a net interest
FHvth / n
Vo5%' was made
lyth & Co. Of San Francisco. by
San Francisco
Ray
water
p
Green,
certificates
revenue
Plan A
V'372%
to
on Oct.
1949 tp 1979 inclusive.
mature serially
on Oct.
1949 to 1978 inclusive
Plan C—$260,000
4%
treat
sewage
detention home, and
SKnS f0r",a Cable
pur-
to'
not
interest
CaUt-
state? th^t
uleH
D7T1?e Ci'y Clerk
fo!. ? an, e,]ectlon is sched-
exceed
certificates
„
to
certificates,
regardless of
issued, will be dated April
and will be optional for
redemption prior to maturity on
any interest payment date on orJ
upon
terms of
J22 £n 0r prior to APrd to 1967;
1,
102 thereafter
prior
on or
1, 1971, 101 thereafter
to
April 1,
South Sacramento School
District,
>:
on
standing and
Sacramento
Knni,
bond?
ine
nff
j
^®''000 build-
.v.#?*
Certificates
as
of
out¬
now
hereafter
under the
ditions
Calif-
"■
•
issued
County (P. O
on or
parity with additional Water
a
Revenue
be
may
terms and
con¬
the Resolution author¬
izing the issuance thereof and
as
such
will be payable solely and
only from revenues to be derived
the operation of the water
supply and distribution system of
said County.
Bidder to name a single rate of
from
'
19«aandrdnueSCo°n
i950 to 1969 inclu-
Sayd15Mfay y'
15 from
,
Vme Hill School
District, Contra
Costa
County
(p.
O.
Principal and interest
payable at the Manufac¬
turers Trust
Offerinsi.\v°'p'. paasc),
bSfun«|ern1 WiU receive S
itS Bond
;
interest.
(A-O)
the
Co., New York City
atTTtI?e option of the holder at
Union Trust
Co., St. Peters-
cer^fied check for 1 %
lilht «?, • L a m' (Calif. Dayflight Saving Time) on May 10 for ?V5e highest principal amount
bid
of
$29,000 not to exseed5%-interest building bonds
Dated JhuM l, 1948.
vtion $1,000.
Due on
Denom"na-
C*
frr 1949 t0 1959
pr,n0l?1 ]960 t0 1968 in-
Cl4S'
yrgu
for, payable to
Board
of
s
order of
terest
one
or
more
?nd for not less than
j
par and ac-
le8al
} i?I
?
"Pinfon
Pab1Quist, Neff, Brown
rastoth»ngr,?V0f San Fra«cisco,
hi
validity of the bonds, will
<>
a
;
,
b? delivered to the
of
v
charge No
purchaser free
conditionallids win
C5°%S1ofthP A Certified of thp
check
J /o. of the Par value
bonds bid for, payable £ the
for
u
r
rr
County Treasurer, is required.
CONNECTICUT
'■
Cray),- Ga.
■r:£"ei''
Bond Sale—An issue of
"to
held
as
authorized
on
Canton, Conn.
<
at
the
April 7., Due
on
election
Feb. 1
f°llows:
$6,000 from 1949 to
1976, and $7,000 in 1977 and 1978
inclusive.
Interest payable F-A.
IDAHO
:
; Bond Sale—The $260,000 school
bonds offered April 19—v. 167,
■'[■J
$182,000
recentiy by Brooke, Tindall & Co.,
of Atlanta, as S^s.
These are the
Bear
:;
-
school bonds have been purchased
bonds
'
'"''77
County (P. O.
Paris), Idaho
$200,000 cou
hospital bonds offered April
:Bond
pon
Lake
Sale—The
for
interest
accrued
77
numerical
in
order:
$750,000 Jan. 1, 1949 to 1967
inclusive.
1,500,000 iy2% fire department
equipment bonds. Dated Jan
1, 1948. Due Jan. 1, 1958; op¬
tional at par and accrued in7
terest
in
numerical
order:
$150,000 Jan. 1,
1949 to 1957
inclusive,
any
on
or
interest
payment date thereafter.
iy2 %
3,500,000
bonds. Dated
Jan.
1967
to
Bond
coupon
WUJJV/U j
slum clearance
July 1, 1945. Due
1,
1976
and
maturing
St. Clair County' Community
School District No.,18 (P.
Principal and semi-annual in
terest (J-J), payable at the City
and 1979.
Jan.' 1, 1970 to
loan.
A
14
of Barcus, Kin¬
Municipal Bond
Corp., both of Chicago, and G.-JL
certified
Co., of St. Louis, as
$230,000 2y4s, due. on
incl.,and
&
Waiker
follows:
Dec. 1 from 1949 to 1956,
$220,000 2V2s, due on Dec. 1 from
to 1964, incl. The bonds are
J957
dated Jan. 1,
_
1948.
•«
„.
j
;"V\
»
j,
,c
„
Wood Rtver> and Har
will be authorized for the purpose
check
for
for
|
derived from the water
revenues
works system of the City.
Bidders
may name a
maximum of two
rates in
multiples of V4 of 1%
provided only one rate shall be
specified for each maturity. One
rate is to be preferred but not
mandatory.
Each bidder is re¬
quested to show the total interest
outlay to the City at the rates bid
for from June 1, 1948, to maturity
without consideration of any call
feature. The City will pay for the
printing of the bonds and furnish
the unqualified
approving legal
opinion of Chapman & Cutler of
Chicago. Award will be made to
the acceptable bidder on the basis
of the
lowest
for less
the
interest
cost to
the
bid will be considered
than par. In determining
low
no
bid
the
interest
cost
to
the
City will be computed by de¬
termining the interest from date
of bonds to
mium offered
be made
to
and the award will
Chicago), III.
Bonds Publicly Offered—An
sue
of
enue
$110,000 3V2% water rev¬
is being offered for
bonds
Legality to be approved by Chap¬ public subscription by Benjamin
Lewis & Co., of Chicago. Dated
man & Cutler of Chicago.
Nov. 1, 1947. Interest M-N. De¬
Cook County /P. O. Chicago), III
nomination $1,000. - Due Nov. 1,
Bond Sale—The $5,250,000 bonds as follows:
$2,000 in 1949 and
offered on April 20—v. 167, p. 1950, $3,000 in 1951 to 1953, $4,000
in 1954 to 1960, $5,000 in 1961 and
1739—were awarded to a
De-
26 for the purchase' of
$510,000 2%% construction bonds,
Due Jan. 1, as follows: $10,000 in
1950; $20,000 from 1951 ;to; 1953,,
incl.; $25,000, 1954 to 1959, incl.;
$30,000 from 1960 to 1964, incl.,
and $35,000 from 1965 to 1968,
April
Interest J-J. The bonds were
incl.
authorized
at
election; on
an
April 3.
INDIANA
Gary School City, Ind.
: Bond
Offering
—
William
•
•
H.
Secretary of the Board of
Trustees/will receive sealed bids
until 7.30 p.m. (CST) on May 11/
for the purchase of $800,000 not to
exceed 4% interest improvement
bonds.
Dated June 1, 1948;
De¬
nomination $1,000.
DUe June 1,
as
follows: $200,000 rin 1958 and
Stern,
$300,000 in 1959 and 1960. Prin¬
cipal and interest (J-D) payable
at the Gary National Bank. Le¬
gality to be approved by Cbapman
& Cutler of Chicago.
/
,
Indianapolis School Cityr Ind.•
$174,000
Sale—The
Bond
16—v. 167, p.
1516—were awarded
Continental
the
tional Bank & Trust
cago, as
a
3,
cou¬
building bonds offered April
pon
to
is¬
>
O.
Offering—Glenn
Atley, Superintendent of Schools,
will
receive
sealed , bids until
the successful bidder
Niles (P. O.
»
.
District No. 104 (P.*U.
River), III.
Bond
defraying the cost of ipaprovand extending the present
works system of the City
and will be paid both as to principal and interest solely from the
each
$1,330,000 check, payable to order of
the City Comptroller, is required
-
c*
or
water
issues, but shall
bid
i
group composed
dred & Co., and
at the meeting of the City Council
or at the fiscal
of the city in New York at 8.00 p.m., the same evening.
City. Denom. $1,000, registerable Enclose a certified check for $50,as to principal only. Bids must be
000, payable to the City Treasurer.
amount
v\
ing ' bonds offered April- 13—v.
167, p. 1636—were awarded to a
agency
the
O.
Sale—The $550,000 build¬
Bond
Treasurer's office
all of the
High
Mascoutah), Ill. .\
1977,
of
7/7 y-
terest J-J.
maturity at the rate or
or on any interest payment rates specified by the bidder af¬
date thereafter. 7 7777777
ter deducting therefrom any pre¬
show
(CST) on April 30 for the
purchase of $800,000 2%% unlim¬
ited .tax, general obligation bonds.
Dated April 1, 1948, and due on
Jan. 1" from 1953 to 1968, incl. In¬
1979, shall be subject to redemp¬
tion, prior to7 maturity, at par and
accrued interest, on any interest
payment date on or after Jan. 1,
1969, in the inverse order in which
they are numbered. Principal and
interest
payable at a bank in
Evanston or Chicago as may be
mutually agreeable -to the City
and the purchaser. These bonds
City, but
1956; optional at par
and accrued interest; $500,000
Jan. 1, 1950 to 1955 inclusive,
for
Offering—Sealed bids .will
.
noon
inVl978
$120,000
Bonds
in
Rocks
'7:; V :
be received by the Authority until
i
1972, $110,000 in 1973 to
1975, $115,000
and
Metropolitan
County
Island), III.
\0ixyt-7/77
the
fellows: $45,000
as
Island
ing
optional at par and
-
7"7 J ones County (P. O.
1968;
/Jan. 1, 1948. Due Jan. 1, 1968:
77
■
Due Jan.
$50,000 Jan. 1, 1949 to 1957, or
on any interest payment date
after respective dates.
15,000,000 not to exceed 3% in¬
terest rehousing bonds. Dated
Chicago.
GEORGIA
May 17
$2,890,000
on
1949 to 1967, incl.
"7Airport Authority (P. O.
in 1949,
$50,000 in 1950, $55,000 in 1951,
$60,000 in 1952, $70,000 in 1953
and 1954, $80,000 in 1955 and 1956,
$85,000 in 1957, $90,000 in 1958 and
1959, $95,000 in 1960 to 1962, $100,000 in 1963 to 1966, $105,000 in
500,000 1 y2 % police department
equipment bonds. Dated Jan.
1, 1948. Due Jan. 1, 1958; op¬
tional at par and accrued in1
terest
in
numerical
order:
one
& Cutler of
Jan. 1
7i
tificates to be approved by Chanman
Works,
1.
(CST)
purchase
of
^/UAVUUUV
vi
p.m.
to 1967 inclusive.
County Commissioners,
Where bids are made
plans, only
equipment uonds authorized at an
election on April 13. Due serially
will receive sealed bids until 7.30
optional at par and
accrued interest in numerical
ord£t; $750,000 Jan. 1, 1949
1,
v
the
of the multiple
good faith deposit
will be required.
Legality of cer¬
on
Public
3s
as
9.80U municioal building al¬
teration
and
fire
department
e
Rock
of
*
Na¬
Ramsey
purchased
Bank has
tional
/'
from
Commissioner
bonds.
clearance
slum
Dated Jan. 1, 1948.
,
required.
is
Ramsey, III.
Sold—The
Bonds
Bond Offering—Joseph L. Rose,
inclusive.;
15,000,000 not to exceed 3% in¬
April
prior
certificates will rank
a-ayj
.
Due
•
$190,000 from 1955 to 196b
inclusive. ;
.
.
s-„
1975; and 100 there-
Said
alter.
Chapman & Cutler, of Chicago.,;
Continental
025;
provision for such payment has
Legality approved by
been made.
Evanston, III..
from 1955 to 1966
7
or
dated Dec.
Illinois Na¬
tional Bank & Trust Co., Chicago,
and Associates, 97.408.
1,500,000 1:11/2 %
electric street
lighting system bonds. Dated
Jan. 1, 1947. Due Jan. 1, as
follows: $90,000 from 1951 to
1954
inclusive
and ; $95,00
amount
April 1, 1963;
98
1,050,000 I y2% waste disposal
^
equipment bonds. Dated July
1, 1945. Due $150,000 on Jan.
77 1 from 1950 to 1956 inclusive.
serially on Oct. 1 from
1949 to 1978 inclusive.
7
after
super-highway
1 y2 %
1, as follows:- $180,000
from 1951 to 1954 inclusive,
.
provements, until all the revenue
bonds shall have been paid in full,
Ripley & Co., Inc., and Associates,
99.218; Chase National Bank 01
New York account, 98.049; Halsey,
Stuart
&
Co.
Inc.,
syndicate,
1,
and
1948
!
as
bonds. Dated Jan. 1,1947.
7 Jan.
7.
or in any manner dis¬
its water works system,
including all extensions and im¬
of
pose
1, 1948. Denomination $1,000. Due
3,000,000
1 from
1 from
are
water revenue bonds. Dated June
1,
to
times
mortgage
$3o.
$115,000 from 1954 to 1965 in¬
clusive and $120,000 in 1966.
mature
The
Jan.
of
follows:
Due Jan.
1947.
be
B—$270,000 not to exceed
3%% interest certificates to
y
All of the bonds
improve¬
Dated
bonds.
ment
Plan
(City and
and
reconstruction
rate
on
1, 1947. Other bids, also for 2%
bonds, were as follows: Harriman
street and alley
1,500,000 iy2%
$280,000 not to exceed
interest certificates to
mature serially
y
,n«M0O - iuvSu;
cTurt
$280,000
Clerk ; of the
issued pursuant to three alterna¬
tive plans, as follows:
;
nn
Sn nm
E.
exceed
the
and accrued interest.
1, as follows: $500,000 in 1951;
$400,000 from 1952 to 1956
inclusive, and $500,000 from
1957 to 1966 inclusive.
(EST) on April 27 for the
purchase of not to exceed $280,000
Election—At an election
t?7 Q?n nL bonds, divided as fol¬
ue voters will consider
$17,950,000
$15,000,000
re¬
pm
pur¬
to
and
inclusive,
1964
to
all
at
pay
June 1 from 1941
to 1957, incl., or on any sub¬
sequent interest date, at par
$200,000 in 1965.7 . ;
?
7,500,000
1V2%
sewer
bonds.
Dated Jan. 1, 1947. Due Jan.
p.m.
v
lows!
will
until
2
not
as
1949
Ray E
Board of
Board of County Commissioners,
will- receive sealed bids until 2
County of), Calif.
"
of
1,
April 27 for the
on
chase
?n<w>aQrancisco' interest Price of
:at a
a
net
cost
of
bids
sealed
(EST)
Dated
O.
building
at
annually
—
Green, Clerk of the
County Commissioners,
100.098,
about 2.165%, as follows:
Offering
able
; : ■
police and fire
bonds.
July 1, 1945. Due Jan.
follows: $100,000 from
1,800.000 iy2%
department
sufficient income
redeemable each year
June 1 from 1949 to 1957;
3,500,000 county hospital bonds. lish a depreciation fund. The Vil¬
Due Dec. 1, 1957, and redeem¬ lage has agreed not to sell, lease,
700,000 1 lk % playground bonds.
Dated July 1, 1945. Due Jan.
1, as follows: $100,000 from
1950
to
1964 inclusive, and
$200,000 in 1965.
tion.
frain?oC.°* ,Due serially from 1949
to 1968 inclusive.
®
;
.#>271,000
Trust
of
the following bond is¬
$560,000 storm sewer; $467,-
sues;
by the
National
Association,
Savings
authorize
system.
„
inclusive.
from 1949 to 1956
are,
works
the expense of operating and
incl., or on any interest date maintaining the system, provide
for the payment of principal and
7 thereafter, at par and accrued
interest on these bonds, and estab¬
interest.
'■ :7;
on
Jan. 1
1, 1945. Due $25,000 on
election
an
April 20 the voters refused to
on
»
Bond
Fla.
Bonds Deteated—At
O.
(P.
water
The Village has
$1,750,000 County Home-Oak For¬ convenanted by oidinance to fix,
est Infirmary bonds. Due Dec. maintain, and collect such rates
1, 1957. Of the bonds, $175,- for water service as will produce
n
Planada
its
from
derived
enues
2s, at a price of 99.68, a basis o^
about 2.03%. Sale consisted of:
.
■
1967 to 1969, and
$6,000 in
1966,
National
the
of
composed
cate
on
elusive. Principal and
1948
Monday, April 26,
FINANCIAL CHRONICLE
&
COMMERCIAL
THE
(1854)
58
Illinois
Na¬
Co./of Chi¬
l%s, at a price of 10004,
basis of about 1.53%. Dated May
and
1948,
April
1
Second
due
serially,",
on
from 1949 to 1968, incl.
high
bid
of
101.554
for
•
l%s
was
made by the First Na¬
tional Bank of Chicago.
'
P
JGWSPS?
-"«•
ti)...«i'-
t**
^
Volume 167
;
Number 4693
THE
COMMERCIAL
&
Haute
\i.-.
I ndep.
School Cityj-
Indiana '
■
c.-i*
'■
.>>.»'
1
KANSAS
14
awarded
were
to
the
Harris
Trust &
Savings Bank of Chicago
Union Trust
Co., of In¬
dianapolis, jointly, as l^s, at a
price of 100.779, a basis of about
1,37%.,Dated March 1, 1948. Due
has follows; $11,000
July 1, 1949;
and
the
$11,000
,,"
1
1950
Jan.
to
1; and
1956
July
1
from
Kingman, Kan.
Bond Sale
The $150,000 sew¬
age disposal plant bonds offered
Jan. 1 and
rl958, and $12,000 Jan. 1, 1959./
r
«•'
1963
Bond
the
election
to
offered
inclusive.
April
Anamosa
.
'
April
1,
from
ohd
vV
1948
1951
and
to
bid
high
1960
of
due
payable at the Farmers Bank
Capital Trust Co., Frankfort.
ly.
/"
2y2s
tion
the
voters
approved
,f
the
said
are
water bonds.'
•
/.
to
of
have
$20,000
Bond
struction
bonds
/ —v. 167, p.
to
Becker
'of
Second
101.07 for 2j/2s
bid
Bond
Offering—A.
Due /
serially
years. The bonds
iJ
at ari election
,
*
*
I
;
,
.
Fort
r
Bond
on
he
school
'located
of
at
Elkhorn,
must agree to
the
&
Cutler,
opinion of
of Chicago,
delivery of the bonds the
therefrom
come
to
an
request.
Enclose
a
re¬
cer¬
7
f'
,
trict, Iowa
,.
'
Bonds Defeated—At
on
March 29
the
.
election
an
voters
rejected
the proposed issue of
$80,000 con¬
struction
Marion
<
.
J
-
i
■
bonds.;
Sale—The $100,000 storm
offered April 22—v.
p. .1740—were ; awarded
to
bonds
T.
J. B.
Hilliard & Son of Louis¬
Dated Feb. 1, 1948 and due
ville.
Dec.
on
1
from
1948> to
1972 in¬
-
trict, Iowa
—
Dis-
Arthur
R.
bonds;- Dated
T
'
May
•Nov. J, as follows:
1,
1948.
Due
$4,000 in 1949;
$10,000 in 1950 to 1952; $11,000 in
7
'1953
V
to
1955;
$12,000
in
1965.'and $13',000 in 1966.
;
1956
to
All other
circumstances being equal prefer¬
ence
will be given to the bid of
par and accrued interest or better
.
specifying the lowest interest rate"
/ The approving opinion of Chap.
!n?an & Cutler, of Chicago, will be
furnished.
Enclose
a
certifier
check for 2% of the bonds bid for.
:
Olin Consolidated Sch.
Dist., Iowr
»:
V,
Bond
Offering
Clarence
—
J.
7/ Brickley, District Secretary, will
.
receive sealed bids until April 29
for the purchase of $55,000 construction bonds.
Dated May 1,
1948.;
1950
were
Due $5,000
to
on
May 1 from
1960 inclusive. The bonds
authorized at
April 12.
an
election
.'7'yyy;
on
i\,.
&
Trust
Equitable
Moseley
Co., of
Securities
&
St.
Lynn,
F.
S.
Shawmut
rate of 0.35%.
2s, maturing $140,000 from 1953 to
1958; $1,120,000 as 2V4S, maturing
O f f
i
e r
ceive
sealed
(DST)
on
n g
District, Mass.
Note Sale—An issue of $25,000
bids
•/;; '■
'*
until
-* •"
••
•
./ ■
„•
-j.
pur¬
,
Auburn,
inclusive. ."■
Mass.
i All of the bonds
Co., of New Orleans,
price of 100.223.
as
a
r
Bond
Moore,
Offering
City
—
Clerk,
sealed bids until 10
bonds.
Due
-
school
bonds>
on
May 1 from 1949 to 1963 in-
■:/
hvp elusive.. //>,/
/ All of the bonds are dated
May
Second high bid of
2s,
was
made
by
the
101
First
notes
revenue
was
$300,000
awarded
on
are
April 12 to the National Shawmut
-Mfc
N.
receive
(CST)
on
;
Note
bulski,
City
Treasurer,
J.
Try-
will re¬
(DST
May 12 for the purchase of $300,000
April 29 for the purchase of
$200,000
coupon
water
bonds.
Dated May 1, 1948. Denomination
$1,000. Due May 1, as follows:
$16,000 from 1949 to 1953, in'
and
$12,000 from 1954 to 1963.
not
to
exceed 4%
interest
public improvement bonds. Dated
Aug. 1, 1947. Interest F-A.
De¬
Due Aug. 1, as
1949
to
1953,
1957, $9,000 in
1958 to 1961, $10,000 in 1962 to
1964, $11,000 in 1965 to 1967, $12,-
$8,000
300
in
in
1954
1968
to
to
1970, $13,000 in
1971 and 1972, $14,000 in 1973 to
1975, and $15,000 in 1976 and 1977.
.
Principal and interest payable at
the City Treasurers' office or at
any bank specified by the pur¬
chaser. The bonds will be awarded
to the bidder offering to
pay par
and accrued interest and
specify¬
ing rates which result in the low¬
est
net
trict
interest
after
the
cost
to
the
Dis¬
of
pre¬
deduction
mium.
A certified
transcript and
approving opinion of Chap¬
man & Cutler of
Chicago, will be
the
furnished
the
successful
bidder
noon
on
Bidder to name a single rate
interest, expressed in a multi¬
ple of 14 of 1%. Principal an
interest
(M-N)
payable at the
Note
Boston.
Legality to be approved by Storey,
Thorndike, Palmer & Dodge 0
Boston.
"'.:/■■*■
"PvP
Hampden County (P. O. Spring¬
field), Mass.
Note Offering—Lee P. Senecal,
County Treasurer, will receive
sealed bids until noon (DST), on
April 28 for the purchase at dis¬
count
of
1949.
as
to
notes
revenue
-■
$200,000
April 20
offered
awarded to the Second Na¬
was
,
tional
MICHIGAN
Bangor Township Unit School Dis¬
trict (P. O. R.F.D. 5, Bay City),
Mich.
Bond Sale—The issue of
Bank
Palmer
&
of Bos¬
Dodge
of
■[}:' :/,v'
\
awarded
were
to
the
First
$200,000
Legality approved by Ropes,
Gray, Best, Coolidge & Rugg ol
East
com¬
of
about
l%s,
1.65%,'
as
due
incl., and $50,000 lV2s, due March
15, 1953.
The bonds are dated
April
1,
1948.
Denom.
$1,000.
Principal and interest (M-S) pay-O
able at the Peoples Commercial
& Savings Bank of Bay City. Suc¬
cessful
bidder
to
furnish legal
opinion.
Belding Mich.
;
County (P. O.
Cambridge), Mass.
group
of
$50,000 oh March 15 from 1949 to 1952,
Boston.
Middlesex
a
Michigan
Corp.; McDonald-Moore & Co.,
and Jones B. Shann & Co., all of
Detroit, at a price of 100.046, a net
of
posed
cost
ton.
$250,April 17
000 school bonds offered
follows:
-
Bond Offering—Sealed bids
be received
will
by the City Clerk un¬
til 8
p.m.. (EST) on April 27 for
purchase of $84,000 not to ex¬
4%
interest coupon water
supply
system
revenue
bonds.
National
Dated
Note Sale—The issue of
$30,000 notes.
Dated
1948, and due April 1,
$60,000
April 16—v. 167, p.
Bank
of
Boston,
at
0.547% discount.
1948
and
due
Dated April 20,
Dec. 7, 1948.
The
Middlesex County
of
National Bank
Cambridge, second/high bidder,
named
rate of 0.685%.
a
Milton, Mas*.
Sale—The
Note
offered
to the
Securities
1
Vis, at
of
a
about
of: V
' ■
$90,000 coupon
April
16
were
Stone & Webster
Corp., of New York, as
price of 100.544, a basis
1.066%.
...v/ •',
Sale
consisted
•;'■■; ;.".'//•/
$40,000 sewer construction bonds.
Due $8,000 on May 1. from
4
April 28,
Welleslev. Mass.
Note Sale—The issue of
interest
notes
of
National
highest bid¬
der, offered 100.07 for l%s.
Offering—S. Homer Butt-
awarded
Bank
$2,000 in 1956
Second
Bank of Boston, next
rick, City. Treasurer, will receive
sealed bids until 11 a.m. on April
27, for the purchase at discount
of $200,000 notes issued in antici¬
pation of revenue for the year
1948.
Dated April 28, 1948, and
due Nov. 3, 1948.
Notes will be
certified as to genuineness by the
incl.
National
of
dated May
Melrose, Mass.
of
First
Co.
1637—was awarded to the Second
Chicopee, Mass.
Offering—Walter
ceive sealed bids until
nomination $1,000.
follows: $7,000 in
Shawmut
Thorndike,
Boston.
Bank of Boston, at 0.70% discount.
Due Nov. 3, 1948. The Boston Safe
April
on
&
1958
Merchants National Bank of Bos¬
/i /• Brookline, Mass.
Note Sale—An issue of
and
The
■
on
Due
inclusive
1957.
and interest (M-N) payable at the
notes offered
Florence
will
a.m.
&
Deposit & Trust Co., second high
bidder; named a rate of 0.707%.
Lake Charles First Sewerage
District, La.
j/
school
230,000
'
Bond Sale—The issue of $35,000
sewerage and drainage bonds of¬
fered April 14 was awarded to
&
Hornblower
1955
and
1, 1948. Bidder to name a single
rate of interest, expressed in a
multiple of
of 1%.
Principal
p- May 1 from 1949 to 1963 inp' P elusive.
,7
■V'/,Donaldsville, La.
Weil
of
Hawkins
•
-f-Jii-jw.
Bond Sale—The $345,000 coupon
bonds offered April 16—v. 167, p.'
1740—were awarded to a group
awarded
was
Robert
Bank of Boston, at 0.70%
discount, plus a premium, of $125.
Due Oct. 25, 1948. The Merchants
National Bauk of Boston, second
Thigh * bidder; named: ; a rate of
Due $6,000
0.715.% ' '
*
60,000 water bonds.
on
May 1 from 1949 to
,/■ '•
notes
to
Boston, as 13/4s, at a price of
100.13, a basis of about 1.72%.
Dated April 15, 1948.• Due April
15, as follows: $3,000 from 1949 to
noon
;
_
14
re¬
for the
April 27
fire
J. Howard
—
•
'
1
••■o
'
Turners Falls Fire
1948.
MASSACHUSETTS
■ •_ •
0.764%.
a
-
f
Dated
due Dec.
at
■".":// /
$140,000 from 1959 to 1966, and
$980,000 as, 2.40s, maturing $140,Medford, Mass.
000 from 1967 to 1973, all inclu¬
Bond Offering—Ralph W. Wat¬
sive.
Dated May 1, 1948. Interest
son, City Treasurer, will receive
payable M-N. ; The next highest sealed bids until 11 a.m.
(DST)
bidder was Harriman Ripley &
on April
28 for the purchase of
Co., Inc., Smith, Barney & Co.,
$139,000 coupon bonds, divided as
First
Boston
Corp.,
Goldman, follows:,
/;/
Sachs & Co., Lee Higginson Corp.
$79,000 sewer bonds. Due May 1,
and
Bacon,
Stevenson
&
Co.,
as
follows: $8,000 from1 1949
jointly, for $420,000 as 43; $1,260,;,•// to 1957 inclusive and $7,000
000 as 2s, and $1,820,000 .as
2.40s,
in. 1958.
/■■'/
^
at par.
Boston, at 0.747% dis¬
April 21, 1948, and
22, 1948. The Merchants
National Bank of Boston, second
high bidder, named a rate of
count.
chase at discount of $500,000 notes.
Dated April 27, 1948. Due Nov. 15,
;
;
of
Bank
Bank of Bos¬
City Treasurer, will
Hughes,
/?
awarded to the National Shawmut
v
,
County (P. O. Dedham),
Quincy, Mass.
Sal?—The $500,000 reve¬
nue
anticipation
notes
offered
April 20—v. 167, p. 1740—were
Maiden, Mass.
Note
follows:
$560,000-as 4s, maturing on May
1, from 1949 to 1952; $840,000 as
Boston,
;
Note
Due Dec. 2, 1948.
First National
•
n,
ton, second high bidder, named a
rate of 0.722%.;
f
v;
'
National
of
ton, second high bidder, named
Lee, of New York, at par, a nel
as
the
to
o
Dated April 20,
1948, and due April 8, 1949. The
$600,000
April 22
Bank
ati
ax
0.699% discount.
Mass.
0.83% discount.
The
Co.,
interest cost of 2.3403%
awarded
:rU,
Merchants National Bank of Bos¬
Co.,
offered
notes
revenue
was
Louis,
Corp.,
&
Oi
County Trust Co.; of Dedham, at
Note Sale—The issue of
p.
of New York,
Schoellkopf, Hutton & Pomeroy of
Buffalo, and Hannahs, Ballin &
for
/
Lyons, Secretary of the Board of
Directors; will receive sealed bids
'-until 8 p.m. (GST) on April 29 for
7 the
purchase of $200,000 school
167,
Hawkins
will;
offered April 20—v. 167, p. 1740—
were
awarded
to
the
Norfolk
jointly..
York, Mercantile-Commerce
Bank
,
:
21—v.
National Bank of Boston.
'
!
*
New
1, 1948.
clusive.
2%s, at
Independent School
C
Bond* Offering
*
/_
...
Robert
notes
culosis hospital maintenance notes
option at the City
Legality to be
approved by Ropes, Gray, Best,
Coolidge & Rugg of Boston. Sec¬
ond high bid of 100.909 for 2s was
made
by Halsey, Stuart & Co.
1637—were purchased by a syndi¬
cate
composed
of the
Bankers
Trust Co., Blyth & Co^ both of
$115,000
Lexington, Ky.
LOUISIANA
'
April
*!
V''.'' ".vi
Mass.
•? v'v'.
/"• v-.-.//
Note Sale—The $350,000 tuber¬
National Bank of Boston, or
and
The
Norfolk
holder's
at
Inc.
of about 1.84%; Sale consisted of:
Bond
:ewer
Hartford Consolidated School Dis.
as 2s, at a price of
basis of about 1.879%.
Denomination
$1,000. v Due May 1, as follows:
$15,000 from 1949' to 1952 inclu¬
sive, and $10,000 from 1953 to
1968 inclusive.
Principal and in¬
terest (M-N) payable at the Sec¬
a
ton. Legality approved by Storey,
on
/;
.
■
on
—
'•.'
Commonwealth of
Massachusetts.
Second high bid
of 100.50 for 1 Vis was made by the
First National Bank pf Boston.
York,!
101.024,
Higginson Corp., all of New York,
as 2s, at a price of 101.10, a basis
the
turned
tified check for
$1,000.
ano
T
Dated May 1,1948.
National
to
accept delivery
deposited check will be
167,
<,
New
Weeks, Estabrook & Co. and Lee
authorized
Jan. 19.
"
Sale
,
•:
■ J|•
by the Director of Accounts*
Department of Corporations and
awarded to C. F. Childs & Co. of
ligations
were
$4,300
sewer bonds awarded
April 5 to
"the Carlton D. Beh
Co., of Des
;/ Moines—v. 167, p. 1636—were sold
as 5s, ,at
par.
*
issue,
composed
10
Details—The
(P. O.
Annapolis), Md.
Bond
in¬
individual
aecomes
within
Anne Arundel County
,
£
I
ness
Sale—The $220,000 veter¬
bonds, second
offered on April 16 were
taxable under any Fed¬
eral income tax law the successful
bidder will be relieved of the ob¬
Direc¬
Madison, Iowa
Sale
derived from
all bids may
be so condi.ioned. .In the event that prior to
tors, will' receive sealed bids until
2; p.m. (CST) on April 26 for the
..purchase
of /$330,000
building
I bonds.
the
,
Treasurer's office.
and
of
Eggert,
of
be
Chapman
-
R.
V; Secretary of the Board
of
.
by Hal-
V
School
bonds
prepared -bonds for
execution; and the county will
furnish the
approving
Charles City Independent
School District, Iowa
V;i
.
made
was
Stuart & Co., Inc.
to
furnish
15
awarded
high
Revenue
Hilly Each bidder,
con-
April
1516—were
101.109.
sey,
<
offered
the
Peaks Mill, Bald Knob and Thorn
&
Cownie, of' Des
Moines, and Quail & Co., Daven¬
port, jointly, as 2y2s, at a orice
y
outstanding
building
properties
Bridgeport. 7 Forks
Blairstown Consolidated School
District, Iowa
Sale—The $127,000
and
county dated April 1, 1946, in the
amount of $289,000 and are to be
payable from the income and rev¬
enues
,*
-«
.
of the school
parity with
presently
Building
issuance
be
school building at Bridgeport. The
bonds are to rank on a
recent elec¬
a
to
building at Forks of Elkhorn
constructing an addition to
-
Bonds Voted—At
:
multiple of
a
ing the construction
Avoca, Iowa
•
ana
Rate
complet¬
made by
Vieth, Duncan &
Wood and Beyer &
Rueffel, joint-
.
interest to be in
Va of 1%. The bonds are
issued to pay the cost of
inclusive. Secfor
April
j:;.
rental, housing
ans
ond
MARYLAND
'Ml I
I
pared under the sup?*yj
and authenticated as
/
•
Lawrence, Mass.
under
$3,500,000
of
the
idge & Rugg of Boston.
of Boston.
Notes
will be certified as to genuineness
and by the aforementioned bank
advice of Storey, Thorndike, Palmer & Dodge of Boston.
HJI
Boston.
Ropes, Gray, Best, Cool-
1948 bonds
1, 1953, at 102 on or
prior to April 1, 1958; and 101
thereafter. Principal and interest
serially
101.32
Secona
The
after
was
v.
the
school construction of
to
1955, and
$5,000 in 1956 to 1964, optional on
any interest payment date on or
White-Phillips Co., of Davenport,
as 2V4s, at a price of
par. Dated
■
VI
at
offered
$3,000 in
I ndep.
to
Payable
Bank
1949,, $4,000 in 1950
Second
awarded
1948.
National
school
building revenue bonds
Dated April 1, 1948. Interest A-O.
Due April 1, as follows:
-
1636—-were
p,
fiscal year ending March 31, 1949.
Dated April 29,1948, and due Dec.
bids until 10 a.m. (CST),
April 27 for the purchase o.
$72,000 not to exceed 3% interest
ing bonds offered April 15—v. 167,
-
April 27 for the purchase at dis¬
count of $600,000 notes issued in
anticipation of revenue for the
sealed
Sch. Dist., Iowa
Sale—The $50,000 build-
Bond
:
'
City Treasurer/ will receive seal¬
ed bids until 5 p.m.
(DST), on
an
Paine, Webber, Jackson & Curtis,
Wheelock &.Cummins and Carlton
D. Beh Co.
; j
fort), Ky.
Bond Offering—R.
Carey Gra¬
ham, County Clerk, will receive
high bid of 100.152 for iy2s was
by a group composed of
:
^
7
_
a
1954
April 6.
Franklin County (P. O. Frank-
made
•
on
^
II11
able at the First National
of
Bond
Lewiston, Me.
I1
Wf
I
vice
„
Note Offering—Adrien O. Anctil,
mi,
tional Bank of Boston, tinder ad¬
MAINE
1,
Chicago,
at
at
or
certified
a
for; $6,000,; payable to the
City Treasurer.
.
price of 100.171, a
basis of about 1.447%. Dated
April
1, 1948 and due on April 1 from
1949
City Treasurer's office
bank in the city of Kingman.
The bonds were authorized at an
19—v. 167, p. 1739—were awarded
to William Blair & Co. of
lV2s,
Principal
and
payable at
interest
KENTUCKY
bonds
revenue
as
inclusive.
semi-annual
Ames, Iowa
Sale—The $350,000 elec¬
/"■
tric
May 1, 1948. Denomination $1,000.
Due $10,000 on
May 1 from 1949 to
Enclose
cost;
check
April 20 were awarded to SodenZahner Co. of Kansas City. Dated
IOWA
;
,
—
any
inclusive; $12,000
July 1,
1957 and
;
without
-
"
Bond Sale—The $225,000 school
improvement bonds offered April
v
1
Terra
•
^
if 4
FINANCIAL, CHRONICLE
n- "■!
•v
•* "'^Ti
!
1949 to 1953 inclusive.
30,000 street construction bonds.
Due $6,000 on May 1 from
1949 to 1953 inclusive.
20,000
water> main construction
Due $4,000 on May 1
bonds.
from 1949 to 1953 inclusive,
All of the bonds are dated May
Notes will be authenticated 1,. 1948.
Denomination
$1,000.
genuineness by the First Na¬ Principal and interest (M-N) pay-
the
ceed
May 1, 1948. Denomination
Due Feb. 1, as follows:
$2,000 from 1950 to 1961 inch; $3,000 from 1962 to 1969 incl., and
$1,000.
$4,000 from 1970 to 1978 incl.
Principal and interest (F-A) pay¬
able
at the
Detroit Trust Co.,
Detroit. Rate of interest to be ex¬
pressed in a multiple of V4 of
1%. The bonds will be callable
whole
as a
or
on
after Feb.
any interest date on
1, 1955. In addition,
the bonds maturing from 1974 to
1978 will be callable in inverse
numerical
date
on or
bond
be
order
on
any' interest
after Feb. 1, 1953;
Each
for redemption shall
redeemed at the par value
called
thereof and accrued interest,
plus
a premium in accordance with the
following schedule: $30 if called
for redemption on or after Feb. 1,
1953, but before Feb. 1, 1960;
if called for redemption on
after Feb. 1, 1960, but before Feb.
1, 1965; $10 if called for redemp¬
tion
on
or
after Feb. 1,
1965, but
■
THE
;
1970, but
premium
:
called
Feb. 1,
before Feb. 1, 1975. No
if called for redemption
1, 1970; $5 if
redemption on or after
Feb.
before
for
Notice of
redemption
shall be given to
7 holders of the bonds to be re¬
deemed by publication of such
;
on
after Feb. 1, 1975.
or
notice not less than 30 days prior
to
the date fixed for redemption
at
least
in
once
a
newspaper
or
publication circulated in the City
of Detroit, which carries as part
Of its regular service, notices of
the sale of municipal bonds; Pro¬
Rate of interest to be in
of
coupon
period
bond shall be at
on
any
No. 20
-
one
to the date fixed for redemption.
Interest
A-Certified check for $1,680, pay¬
able to order of the City, is re¬
Evely, of Detroit. Cost of opinion
of printing the bonds to be
paid for by the City.
A
certified
Bonds Voted
$2,600, payable to order of the
City Treasurer, is required. Legal¬
ity to be approved by Berry,
Stevens, Barbier & Evely, of De¬
troit.
Cost
of
opinion
and
of
printing the bonds to be paid for
by the City.
/Bond Sale—The $12,000 coupon
May
on
the
for
3
$130,000
2%
Stadium
refunding bonds offered April 12
of
Memorial
purchase
p.
Wisner
Nov.
from
1
sive. Bonds
1977 shall
;
1950
to
1977
inclu¬
maturing from 1953 to
be
callable in
Dated May 1, 1948 and
Aug: 15, 1948. ';::7/;
,'
\
oit on
subsequent interest
date, at varying ;pre-
any
payment
pt^hims depending
on
the date of
Redemption. Principal and interest
/; (M-N) payable at the State Sav¬
ings Bank of Fenton. Legality to
be. approved by Miller, Canfield,
Dawson
Paddock & Stone of Detroit.;
only
; rv
Livonia Township School District
Note Sale—The
$43,000 tax an¬
ticipation notes offered April 19
167, p.
—v.
1740—were
awarded
3s.
Dated
May 1,
apd due May 1, 1949.
as
North
1948,
a
Eleveth School
Certificate
of
School
Sealed
Muskegon, Mich.
Bond
Offering—W. E. Oglesby,
will receive sealed
bids until 5 p.m. (EST) on April
City
Na¬
price of pan
1948,i and ^due
at.
£ApyiX
Clerk,
for the purchase of $130,000
not to exceed 4% interest coupon
27
water supply and sewage disposal
system
revenue
bonds.
Dated
April 1,1948. Denomination $1,000.
District, Mirth
Offering—The Board
Directors
bids
until
will
receive
May 3 for the
purchase of $18,560 emergency tax
anticipation certificates; due Dec.
31, 1948.
La
Crescent, Minn.
Warrant Sale-The
$16,000 Com¬
Sanitary Sewer and Water
Main Improvement No. 1 warrants
offered April 16—v. 167, p. 1637—
bined
were
awarded
Due Jan.
to
the
167, p.
1412—were pur¬
chased by J. M. Dain & Co., of
1948.
O.
I
called for redemption on or after
Jan. 1, 1963, but before Jan. .1,
196$; $10 if called for redemption
on
or
after Jan.
1, 1968, but be-
7:30
to
the
holders
of
the
redeemed, by publics-,
Caledonia
(CST), on
May 4 for the purchase of $65,000
coupon municipal airport bonds.
Dated May 1, 1948. Denomination
$1,000.- Due $5,000 Jan. 1, 1951 to
tice hot less
than
able
at
stitution
cessful
any
•
v
Among other factors to be stud¬
ied will be the need for new
rapid
transit lines in South Jersey and
estimates of costs of constructing
V
1638—were
awarded to the
State Department of Land Invest¬
ments, as 31/2S. This was the only
bid. Bonds are dated Jan. 1, 1948.
Due in 20 years, optional after
five years from date of issue.
construction
super
pier tunnel,
terminal
and
an
motor truck
building
a
office
and rail-motor truck terminal for
freight in the port
nebraska
..i/",-.
area.
East Brunswick
Township (P. O.'
Brunswick), N. J.
East
Bond
Offering
will
Joseph
—
Township
Chspkosky,
receive
sealed
J.
Treasurer,
until
bids
8
p.m.
.
in
date
Bonds Defeated—At
inverse
order, at par-and ac¬
interest. Second > high bid
for; $570,000
'7
p.m.
hall and
bonds.
appeared in
Bond
suitable banking in¬
designated by the suo
bidder., No bid1, for less
$15,000
town
fire station construction
/
>
,
;
Consolidated
Wilcox
Sch. Dist
:
Bonds Voted—At
an
v.
election
John
v.
—
r
167, p.
purchased by Hemp¬
1638—were
hill, Noyes & Co., E, 11^ Rollins &;
Sons,.- and SeasongoOd? &
all .;
of NeW York, jointly, asM.80si M a
price of 100.088, a basis of 1?787%,
follows:
$391,000
on
-
■
-
;
housing
emergency
1; from 1949 to 1965 inclusive/
$175,000 building bonds.
general
192,000
new hampshire
7
Nashua, N. H.
Due serially, on
May
bonds.
issue of
improvement
Due serially on May.
bonds.
///; 1, from 1949 to 1959 inclusive.
'
Offering—Alfred
Note
composed
&
O. Pou-
Treasurer/ will receive
sealed bids until 11 a.m. (DST)
on
April 27 for the purchase at
discount of $200,000 notes issued
in anticipation of revenue for the
current year. Dated April 27, 1948
lin,
Lebanon, Mo. 7-77'7V;:
Nuveen
April 20
on
April 6 the voters authorized an
167, p. 1741.
Sale—A- group
Sale—The $583,000 bonds
offered
as
:Nebraska-pyy\.py
Co.; Barcus,
Kindred & Co., both of Chicago;
Juran & Moody, of St. Paul, and
George K. Baum & Co., of Kansas
City, was awarded on April 7
an issue of $575,000 electric light
City
and due Dec.
30, 1948.
Dated
,
jBridget on),
Sale—The
(P. O.
&
Moss*
N\ J.
&
at
highest bidder
Co., jointly, for 1.80s, at 100.082,
of
a
:
Jersey City, N. J.
gen¬
Newark
price of
100.277, a basis of about 1.718%
Dated April 1, 1948 and due on
April 1 from 1949 to 1968 inclu
sive.
Second high bid of 100.16
for l%s was made by B. J. Van
$1,050,000 cou¬
registered bonds Offered
19—v. 167, p. 1638—were i
or
April
>
$195,000
both
l%s,
as
next
Chemical Bank & Trust
Co., New York and J. B. Hanauer
pon
improvement bonds offeree
April 15—v. 167, p. 1305—were
awarded to J. R. Ross & Co., and
jointly,
the
was
Bond Sale—The
eral
Ryan
The
York.
'» 1
Cumberland County
Bond
Principal/;
1/7 1948.
(M-N) payable at the
Chemical Bank & Trust Co., New
new jersey
v.
May
and interest
O
composed 6f
Idc</ and
Otis & Co., both of Newj.Yprk;
M. B. Vick & Co., Chicago; Pohl
& Co., Cincinnati, and MaoBride,
Miller & Co., of Newark,f taking
awarded
to
a
group
B. J, Van Ingen & Co.,
$1,044,000 bonds, as 2.30s, at; a
price of 100.609, a basis of; about
2.47%. Sale consisted of: ;^;;':^ ; : /
$809,000
:
($815,000 offered)
B water bonds.
series
Due annually -
on Nov.
1 from 1949 to 1977,
Ingen & Co., and Hess & Co.,
$27,000 in 1967, $28,000 in 1968
"•:/J;,"
jointly.
-j
: '7 '
' /•••/•i'. incl.
'7,• 7"/
1969, $29,000 in 1970, $30,235,000 series B hospital build-7
000 in 1971, $31,000 in 1972, Delaware River Joint Commission
ing bonds/;, Due on Nov,' /I
and $32,000 in 1973. Callable
(P. O. Camden), N. J.
from 1948 to 1958, incl. ;/3':'
in inverse numerical order at
Survey Authorized for Large
All of the bonds are dated Nov.
103%, of principal amount, Expansion Program — The Com¬
1947./ Second high bid' of
$93,000 bonds due in 1971 to mission at a meeting held on April 1,
1973, on and after May 1, 7 authorized a broad survey to de¬ 100.059 for $1,050,000 2.40% bonds
1953; and $189,000 bonds due termine the need for additional was made by a group composed
in 1964 to 1970, oh and after vehicular
crossings of the Dela¬
<
.
and
v
of
issue
EhglewoodyN. 'J.yiy^ ////Z /
^:
April 6 the voters rejected the
proposed
■
pt New- York
Bond
election
City and G. H. Walker &
VV/
r
chell
purchase bonds.
Bonds Defeated—At an
Co., of St. Louis, in the recent
purchase of $1,500,000 water and
electric revenue bonds, details of
of
Legality to be approved by Cald4.
well, Marshall,rTrimble. & MitVl.
Valley, Neb.
i
,
Kansas
-.;■•
election
proposed issue of $7,500 memorial
field
2 %s and
' ■
Columbia, Mo. •'
'
Syndicate Members—Newhard,
Cook & Co., of St. Louis, George
K. Baum & Co., Lucas, Eisen &
which
an
April 13 the voters rejected the
on
V
,
-
"
rite
checked.
p.
2• ^MISSOURI
Bond-Offering—A. C. Sannwald,
Clerk, will receive sealed
until
■
$21,000 sewer
April *19—v. 167,
offered
bonds
on
City
bids
15,
Sale—The
Bond
$80,000 2% s, or a net interest cost
Of 2.447%, was made by the First
National Bank of Memphis.
fbr$. Jan. 1, 1973; $5 if called for 1963. Bidders to name the rate of
iptidn on .or after Jan.. i, interest in multiples of Vi or 1/10
jNptice of redemption shall of 1%. Principal and interest pay¬
J
Ekalaka, Mont.
to
schedule: $30 if called for redemption on or after Jan. 1, 1958,
but before Jan. 1, 1963; $20 if
commerce
In this connecr
Jon, the need for added railroad
bridges across the river will be
a
V
-
v
Dated
June
Interest payable J-D.
Minneapolis.
1, as follows: $3,000 in State
plant revenue bonds at a price 01
Bank, of Caledonia, as 1.60s,
1958, $4,000 in 1959 to at a
100.019, a net interest cost of
price of 100.093, a basis of
about 2.967%, as follows:
1965, $5,000 in 1966 to 1969, $6,000 about
1.575%. Dated April 1,1948,
tit 1970 to 1974, and $7,000 in 1975 and due on
$180,000 2%% bonds. Due May 1,
July 1 from 1949 to
/ ; :
to 1978. Bonds maturing after Jan.
$11,000 in 1949, $17,000 in 1950
1958,Vinci.
Warrants due after
:
and, 1951, $18,000 in 1952 and
!$:» 1958, will be subject to redemp¬
July 1. 1952, will be callable at
tion; prior to maturity at the op- par and accrued interest on that 7:7 1953, $19,000 in 1954 and 1955,
tibn / of
$20,000 in 1956 and 1957, and
the
City, in V inverse date or on
any subsequent inter¬
numerical order, on any one. or
$21,000 in 1958. '; v
v
vv'V .
est payment date.
The Houston
more interest payment dates on
395,000 3% bonds. Due May 1,
State Bank of Houston, the only
and after Jan. 1, 1958,. at the ,par
$21,000 in 1959, $22,000 in
other bidder, offered to pay par
value thereof and accrued, inter¬
1960, $23,000 in 1961 and 1962,
for 1.60s. !
\V.;;v.*; ■*
est, plus a premium on each bond
$24,000 in 1963, $25,000 in
V
New Vim, Minn.
in accordance with the following
1964, $26,000 in 1965 and 1966,
Jfel
Sale—The
19—v.
semi-annually from July 1, 1949,
Jan. 1, 1954. Optional at par
Waeckerle-and; Burke & McDonand accrued interest on Jan. 1,
old, all of Kansas City, were as¬
1949.
sociated with Stern Bros. & Co.,
rto McDonald-Moore & Co., of De¬
troit,
First
Minneapolis, the
to
(P. O. Plymouth), Mich.
.
bidder,
Dated
the
to
of
payment
100.003
of
Bank
(through the port.
(P.O. Richey), Mont.
$119,000 con¬
struction bonds offered on April
numerical
crued
minnesota
awarded
County High Sch. Dist.
No. 2
Bond
Columbus, Miss.
Bond Sale—The $650,000 water
terest
,
Brainard, Minn.
't
Bond Sale—The $60,000 2V2%
permanent improvement bonds of¬
fered April 16—v. 167, p. 1637—
tional
both sides of
on
handle
to
,
.
were
river
~
.■
inverse
numerical order On Nov. 1, 1952,
the
(DST) on April 27 for the
works bonds offered April 14—
purchase of $34,000 not to exceed
V"'':,.;VV
Farwell, Neb.
v.
6% interest coupon or registered
167, p. 1412—were awarded to
Bonds Defeated—At an election
a syndicate headed by Cady & Co.,
general improvement bonds. Dated
held recently the voters rejected a
of Columbus, at a price of 100.076,
May 1, 1948. Denomination $1,000.
proposed issue of $6,500 water Due May 1, as follows $2,000 in
a net interest cost of about 2.395%,
improvement bonds.
as
1949 and
follows: $128,000 2y2s, due on
1950, and $3,000 from i':
1951 to 1960 inclusive. Principal
April 1 from 1949 to 1953 inclu¬
South Sioux City, Neb.
•
and interest (M-N) payable at the
sive; $288,000 21/4S, due on April 1
Bonds Voted — The issuance ol
South River Trust Co., South River.
from 1954 to 1962 inclusive and
$60,000 water revenue bonds was
Bidder to name a single rate of
$234,000 2V2S, due on April 1 from
approved by the voters at an elec¬
1963 to 1968 inclusive. The bonds
interest, expressed in a multiple
tion held on April 6, by a wide
of % or l/10th of l%y
are dated April
1948 and those
A certi¬
margin, according ; to the' City
fied check for. 2%..of the bonds
maturing
from
1963
to
1968
Clerk.
bid for, payable to order of the
inclusive are callable on April 1,
;>
Sutton, Neb.
Township Treasurer, is required. 1958, or on any subsequent in¬
tion notes.
due
the
on
belt line railroad
MISSISSIPPI
■
,
'
engineering firm also will
types' and location.
further will consider
possibility of establishing a
wide margin at the election
April 6.
a
montana
on
hospital
the
construction
$400,000
'
•;1 ;
\
determining, the need
for additional bridges or tunnels,
Besides
The survey
held
bonds.
v
of
improvement plans should be
recommend
by
May 20 the voters
consider / the
issuance
of
$150,000
of November.
of the study
end
purpose
bonds was approved by the voters
election
an
main
carried out.
dent of Schools states that the is¬
suance
Election—At
be held
will
revenue
Webster Groves School District
(P. O. Webster Groves), Mo.
Bonds Voted—The Superinten¬
.
Bond
to
bonds.
Dated
1517—were awarded
Webber, Jackson & Cur¬ April 1, 1948. Denominations $100
tis, of Grand Rapids, as l%s, at a and $500. Due on Jan. 1 from 1950
price of 100.202, a basis of about to 1969 inclusive. Redeemable in in¬
1.73%.
Dated May 1, 1948, and verse numerical order, at par and
due $10,000 May 1, 1959, and $2,- accrued interest, on arjy interest
C'OO in 1960. Second high bid of payment date.
Principal and in¬
100.242 for $10,000 2s and $2,000 terest (J-J) payable at the Dis¬
l%s was made by Walter J. trict Treasurer's office or at the
Community ' National
Bank
of
Wade, Inc.;
7 r /7'7
Pontiac. Legality to be approved
/;. Linden, Mich.
by Berry, Stevens, Barbier & Eve¬
Bond Offering—Decola Jepson,
ly of Detroit.
7'777:7 7/7:77,7
Village Clerk, will receive sealed
bids until 8 p.m. (EST) on May 3
River Rouge, Mich.
v
Note Offering—John R. Osborn,
for the purchase of $76,500 not to
exceed 3% interest coupon water City
Clerk, will receive sealed
supply
system
revenue
bonds. bids until 8 p.m. (EST) on April
Dated Nov; 1, 1947. One bond for 27 for the purchase of $100,000 not
$500, others $1,000 each. Due on exceed 3% interest tax anticipa-sr-y., 167,
to- Paine,
<
the
by
will be to determine in what order
;
high bid of 100.105 for 1.60s was
J. M. Dain & Co., of Min¬
neapolis.
;:VV,
.7 VV V ^
,'
work
the
$60,000 build¬
Renville County (P.
Olivia), Minn.
re¬
One
'
,$5,000 on Jan. 1, and July 1
1950 to 1955, incl.
Second
77/
approved
by a heavy majority at
recent election.
;
made by
and .Parish
The City Clerk
voters
firm, which
Knappen
a
^
Rapids
The
cently completed a preliminary,,
survey of: the port's needs, will
submit a- full report on its new
tem bonds
from
Pontiac School District, Mich.
Town¬
Bond Offering—Loren T. Lynn,
ships Fractional Graded Sch. Dist.
Secretary,
will
receive
No. 3 (P. O. East Grand Rapids), District
sealed bids until 7.30 p.m. (EST)
7*[/< /:'-,:■•
Mich.
7,
Grand
7;
777
the issuance of $15,000 water sys¬
price of 100.043, a basis of about
1.49%.
Dated May 1, 1948, and
due
—
the
that
states
ing bonds offered April 16—v. 167,
1637—were awarded to Cald¬
well, Phillips Co., of St. Paul, and
Piper, Jaffray & Hopwood, of
Minneapolis, jointly, as IV2S, at a
check
v,
Sprickard, Mo.
p.
for
and
J-J.
City.
Minn.
Sale—The
Bend
rate
one
for < ah / >;
$240,000,000 improvement • ;r
approved by Stinson, Mag, Thom¬ program., The survey: will cost
"
son, McEvers & Fizzell of Kansas about $154,500.
;
over-all
election
an
Sch. Dist.
(P. O. Lake Johanna), 7
of 1%. The interest rate for
each
connection /with plans
in
the issue of
Ramsey County Common
multiples
The bonds are part 01
$675,000 authorized at
on March 23. Legality
Chicago,
•.
Knappen Engineering Company of
New York was directed by the
Commission,-to conduct the survey
Trust
Harris
the.City Treasurer.
State not less than 30 days prior
to the date fixed for redemption.
v;
f-
Monday; April; 26, (1948
•
(M-N) payable at the
&
Savings Bank,
and interest
days prior to
only. Prin,
the; address shown on the City
and interest payable at the National
/ 'Clerk's registration books, which
Bank,
Muskegon.
notice shall be mailed within the Lumberman's
'State not less than 30 days prior Registerable as to principal only,
quired. Legality to be approved
b/' Berry, Stevens, Barbier &
FINANCIAL CHRONICLE
for redemption at least once
any bond shall
bd registered, then notice of the
redemption thereof shall be given
registered mail addressed to
the registered holder thereof at
&
the date fixed than par and accrued interest will
in a be considered. Bids will be pre¬
newspaper
or
publication
cir¬ ferred according to the lowest net
culated in the City of Detroit, interest cost, being the entire in¬
which
carries
as
part
of
its terest to accrue at the rate speci¬
regular service, notices of the sale fied from May 1, 1948, to the re¬
of
municipal
bonds;
Provided, spective dates of- maturity, less
that where any bonds shall be any premium bid. These are the
registered, then notice of the re¬ bonds authorized at the election
demption thereof shall be given held on Jan. 18, 1943. The city
by registered mail addressed to will furnish the printed bonds and
the registered holder thereof at the approving opinion of Dorsey,
the address shown on the City Colman, Barker, Scott & Barber,
Enclose a certi¬
Clerk's registration books, which of Minneapolis.
notice shall be mailed within the fied check for $1,300, payable to
30
vided, that where
f by
COMMERCIAL
of
.
::V May 1, 1963.7;
,
All of the bonds
1948.
<7'/
are
Denom. $1,000.
7 /
ware
.
Principal
River
and
for
other
;
i
delphia. and Camden, .areasi
Harriman
im¬
provements in the Port of Phila-
dated Ma
The
Ripley &7 Co., Inc.;
Smiths/Barney' & Co.,
Deventer
Bros./ Inc. /
and Vail
7:.-/;
7
■;V"
;
■'
//MS
-4693 "
THE
COMMERCIAL ? & i FINANCIAL CHRONICLE
'
■
■"
-,
NEW YORK.
Livingston Tuwnship (P. O.
^ Livingston), N. J.
Bond Offering
Charles G.
r:.r;vv
*.;
';■?
•
;> ' /: Zahnv: Township
\
Clerk ■ will
ceive sealed/bids
"
(DST)
on
reuntil 8.30 p.m.
May 3 for the purchase
Trust
City
Unclaimed
Gets
Bond
Funds—The March edition of the
city's
"News Letter," issued by
Controller
Edward
A.
Neider,
Co. of
2.554%,
2.60s, at
interest
basis of about
follows:
Buffalo,
price of 100.318,
a
Buffalo, N. Y.
a
Second
as
high
bid
100.34 for 2.70s, was made
by Til/
/
& Co. of New York.
ney
cost of about 2.65%, as
$40,000 2%s, due on May
from
1
of
,
1951
to
1968
$35,000 2%s^ due
1969
to
1975
1948..
incl,)
gality to be approved by
& Pershing of New
and
$190,000 not to exceed 6% in¬
sewer
(first 1947 series)
terest
Leriior
County (P. 0. KinotM
'
7.■ <*■''' North''
Bonds Defeated—At
V
Newfane (P. O. Burt), N. Y.
'"'v;/,'1 • V '
'
Bond Offering—John B.
"Despite
Shaw,
Belmont, N. C.
repeated notices that the City Town
Supervisor,
will
receive
Bond Sale—The $250,000 bonds
/
/ coupon or registered bonds. Dated
wants holders of non-registered sealed bids until 2
p.m. (DST) on offered April 20—v.
167, p. 1742—
I May 1, 1948. Denomination $1,000, bonds to collect all
bond principal April 27 for the purchase of
$20,- were awarded to R. S. Dickson &
Due on May 1, as follows: $20,000
and interest due them, a sum of 000 not to exceed
5% interest Co., and the Southern Investment
from 1949 to 1956, and $15,000 in
at least $11,475 in interest which coupon or
registered improvement Co., both of Charlotte, jointly, at
1957 and 1958.
Principal and in¬ one investor failed to
collect has bonds.
Dated May 1, 1948. De¬ a price of
100.918, a *iet interest
terest (M-N) payable at the Liv¬
accrued to the City.
This sum nomination $1,000. Due $2,000 on cost of about
2.337%, as follows:
ingston National Bank, Livingston. will be available
for payment of May 1 from 1949 to 1958 inclusive.
Each proposal must speeify in a
$200,000 street improve m e n t
bond principal and interest in the Bidder to name a
single rate of
bonds: $18,000 5%s, due' on
i multiple of % or 1/20 of 1% a 1948-1949
budget.
interest, expressed in a multiple i' ■,!.
May 1 from 1951 to 1053 in¬
tt.) i- single rate, of interest, which the
"The amount will be increased ofM or 1/10 of 1%. Principal and
bonds are to bear/ and no proposal
clusive; $122)000 2s, due on
in the next few months by nearly interest
(A-O)
payable at the
will be consider which specifies a
May 1 from 1954 to 1964 in¬
$1,000 unless certain other out¬ State Bank of Newfane. A certi¬
rate higher fhan any legally acclusive and $60,000 2V2S, due
standing coupons are presented fied check for $400, payable to
i ceptdhleiproposal. ,Each proposal
;
on May 1 from 1965 to 1968
before July 1st.
order of the town, is required. Le¬
;
must stat6 .the amount bid for the
inclusive.
"Until last September 1st, cou¬ gality to be
approved by /Fogle,
50,000. water and sewer bonds:
>^vbond$v 't^ich/Shall not be less pons could be presented for pay¬ Andrews
& Pusateri of Lockport.
?/than $190,000 nor more than $191,$12,000 5V2S, due on May 1
ment at any time up to 20 years
000.-The purchaser will be fur¬
from 1950 to 1953 inclusive;
New York City Housing
/
from maturity date.
Since then,
nished with the opinion of Haw$22,000 2s, due on May 1 from
Authority, N. Y.
however, the time has been lim¬
1954
Note Sale—The $2,299,000 (22nd
to
1964
inclusive and
; -*?; C'cklns-, /Delafield:/&
Woodr of New ited to six years by provision of
$16,000 2V2s, due on May 1
;
" ////York/' City, ' that the .bonds are the Civil Practice
series) notes offered April 20—v.
Act, Section 47,
from 1965 to 1970 inclusive. /
^ ^ ^'valid Tand legally binding obliga167, p. 1742—were awarded as
as amended
in 1941.
follows:
-tions of the Township.- A certiAll of the bonds are dated
"The situation in which a bond¬
May
*fied check for $3,800 payable to
holder may lose principal or in¬ $2,099,000
to Salomon Bros. & 1, 1948.
the Township, is required.
terest by inattention to his securi¬
Hutzler, of New York, at
Benson, N. C.
ties can develop only in the case
1.125% interest, plus a pre:
iMillburn Township Sch. Dist.
Bond Sale—The $12,500 water
mium of $41.
of non-registered bonds, of course,
4" ;
bonds offered April 20—v. 167, p.
o.Miibum), n.
of
•i-
May 1 from
Dated" May 1,
on1
incl.
.
authorize
sealed
000
not
to
1.
water and sewer bon^s.
Due May 1, as follows:
$2,000
from
1951
•
r
Bfetsch, District Clerk, will receive
sealed bids until May 24 for the
purchase of $74,000 school bonds.
Dated June 1, 1948 and due an¬
nually from 1950 to 1958 incl.
North Plainfield Sch.
Bond
Offering
—-
Dist., N. J.
Marguerite
Dodge, District Secretary, will
ceive
sealed
.
r
until
8
re¬
p.m.
April 29 for the pur¬
$475,000 not to exceed
3% interest coupon or registered
school bonds. Dated May 1, 1948.
Denomination $1,000. Due Feb. 1,
as
follows: $20,000 from 1950 to
1954 inclusive; $30,000 from 1955 to
1959 inclusive and $25,000from l960
(EST)
on
of
chase
"
bids
to 1968 inclusive. Bidder to name a
-
single rate of interest, expressed
in ;a
multiple of 1/20 of 1%.
Principal and interest (F-A) pay¬
able at the Plainfield Trust Co.,
Plainfield.
A certified check for
2% of the bonds, payable to order
of - the
Custodian
of, School
Moneys, is required.
Legality to
be
approved by Heed, Hoyt &
Washburn of New York City.
Bond
Offering—James
lardiiqe; Clerk of
securities.
of
of the
K.
Chbsen Freeholders, will receive
bids until 11 a.m. (EST)
in
''
mind their customers of the limi¬
tation."
./
:
Greece, Ridge Road Fire District
(P. O. 2550 Ridge Road West,
Rochester 13), N. Y.
Bond Sale—The $19,000 fire ap¬
the
First
National
Bank
of
-
<
River/ the only bidder,, as
2.70s, at a price of 100.199, a basis
of about; 2.66%, Dated April 1
1948 and due on April 1 from 1949
to 1963 incl. "
Woodbridge Township Sch. Dist.
/
'
Bond
Offering
derson, District
ceive
sealed
—
bids
will
until
8
/
.
.
000
not
to
exceed
4%
registered
or
bonds
of
..
Dated April 1, 1948.
Paying
im¬
street
No. 2 N.
bids
Bond
at
the
office
of
C.
Mc-
W.
Cormick, 56 Main Street, Saranac
National
Bank
&
Trust
Saranac
bonds
will
be
delivered
at
New
York
City or at such other place
be agreed with the pur¬
chaser about May 14. The approv¬
as
may
ing opinion of Vandewater, Sykes
& Heckler, of New York City, will
furnished
be
the
purchaser.
A
certified check for $1,700 payable
to the District, is required.
Hempstead, West Long Beach
...
Sewer
District
(P.
O.
Offering
—
J.
ceive
bids
sealed
until
3
Bond
1975 to
:
Bond
..New York City.'
4' 1
167,
—v.
.
required./, Le?alitv to be anor/
by HaWkins, Delafield & Wo
ad¬
1956
1903
•:
,
20,000 municipal cemetery bonds.
Due $1,000 on May 1 frbrn
1951 to
400,000
.
1970 inclusive.
electric
light
7 ,s
system
bonds. Due May 1, as folloWs:
$8,000 from 1951 to 1963 ih-
clusive;
$18,000 in 1964 and
and $20,000 from 1966
.1965,
to 1978 inclusive.
'
are
dated
May
1,
1948.
Denomination
$1,000.
Principal and interest (M-N) pay¬
able from unlimited taxes. A sep¬
arate bid for each issue (not less
than par and accrued
Rate
interest)" is
rates
or
in¬
of
terest to be
Sale—The
sewer
on
bonds.
tion
1953
1954
to
1958
inclusive.
p.
,
electric
light plant improvement
bonds offered April 15 was award¬
ed to the Manufacturers & Traders
in¬
(M-N)
payable in New
City. Legality approved by
Reed, Hoyt & Washburn of New
York City.
Dakota,
of
Bismarck,
viously noted in 167, p.
mature
March
on
1,
as
as
'pre¬
14l|/.pfollows:
,
$5,000 from 1950 to 195^ incl.;
000, 1953 to 1955 incl.; $8,000, 1956
and 1957; $9,000, 1958 and 1959;
$10,000 from 1960 to 1963 incl.,
and $50,000 in 1964.
Callable in
,
Kinslon, N. C.
Bidder to
Bond
single rate of interest, ex¬
pressed in a multiple of 14 or 1/10
of
1%.
Principal
and interest
(A-O) payable at the Merchants
National Bank of Plattsburgh. A
name
principal'.and
York
$1,000.
Due April
follows: $5,000 from 1949 to
inclusive
and
$6,000 from
as
$1,000.
terest
Dated April 1, 1948.
Denomination
1,
$5,000 on May 1 from
1979 inclusive. The bonds
dated May 1, 1948. Denomina¬
are
April. 27/ for the pur¬
chase of $55,000 hot to exceed 5%
interest
coupon
or
registered
(DST)
due
4s,
re¬
Offering—W.
Easter-
E.
inverse numerical order, on any
interest payment date, at par and
accrued interest. Interest M-S/7 r*.
ling, Secretary of the Local Gov¬
a
ernment
Commission, will receive
sealed bids at his office in Raleigh
until 11 a.m. (EST) on April 27
for the purchase
of $825,000 not to
"A"
Lidgerwood, N. Dak.
Bonds Voted—At
a
recent elec¬
tion the voters approved the issu¬
ance
of the
$18,000
water,sqnd
sewerage
improvement bonds by a
certified check for $1,100, payable
to order of the city, is required.
exceed 6% interest coupon
divided as follows:-
Legality to be approved by Cald¬
well, Marshall, Trimble & Mit¬
chell of New York City.
^
$400,000 electric, light bonds. Due
Avon Lake, Ohio
May 1, as follows: $9,000 from y :
Bond Offering — J. M. Boehm,
1951 to 1966 inclusive; $20,000
from 1967 to 1970 inclusive, Village
Clerk,
received
sealed
and $22,000 from 1971 to 1978 bids on April 24 for the purchase
of $6,897 2Vz% water main
inclusive.
,7 - '
•'
;
im¬
:-v:V.v
,
Due
from
All of the bonds
are
dated May
high
offered 100.014 for 1 %s. •
York,
second
bidder,
NORTH CAROLINA
Asheboro, N. C.
$75,000 water
April 20
—v.
167, p. 1742—were awarded
to Fox, Reusch & Co., of Cincin¬
nati, at a price of 100.002, a net
Bond
1951
Sale—The
and sewer bonds offered
as
to
$4,000 from
clusive
sewer
bonds.
follows: $2,000
1968
inclusive;
1969 to
1979'in¬
and
to 4988
$5,000 from 1980
inclusive..;
7
,
sewer
bonds. Due
follows: $4,000 from
inclusive
$6,000
from 1959 to 1966 inclusive,
and $10,000 from 1967 to: 1988
May 1,
,1951
on
1, 1948. Smith, Barney & Co., of
New
May 1,
300,000 storm
Due
.
125,000 water and
Sale consisted of:
bonds.
*
.
1
Y.
$856,000 public
improvement bonds offered April
22—v. 167, p. 1742—were awarded
to a group composed of Kidder,
Peabody & Co., Estabrook & Co.,
and B. J. Van In gen & Co., all of
New York, as lV2s, at a price of
100.04, a basis of about 1.493%.
B
Hi 5i
,
OHIO
Utica, N.
series
count of 345 to 37.
,
Bond Sale—The
235.000
bonds/
.
May 1 from 1949 to 1958 incl.
209,000 series C bonds. Due on
May 1 from 1949 to .1953 incl.
school
$1,000
inclU^Ye,
follows:
as
to
and $2,000 from 1957 to
inclusive.
required.
p.m.
1742—were awarded
bonds. Dated May 1, 1948. Denom
to the South Shore Trust Co., of
$1,600. ! Due May 1, as follows: Rockville Centre, as 2s, at a price
$10,000 from 1950 to I960 inclu¬ of 100.003, a basis of about 1.99%.
sive, and $15,000 from 1961 to 198P Dated May 1, 1948 and due se¬
inclusive.
Principal and interest rially on May 1 from 1949 to 1978
(M-N) payable at the Woodbridge inclusive.
Second
high
bid of
National Bank, Woodbridge.
Bid- 100.81 for 2.40s was made by Ba¬
der to name a single rate of inters
con,
Stevenson & Co. of New
.est, expressed in a multiple '
York.
;y8 or 1/20 of 1%.
A certified
:
Marathon, N. Y.
.check for $10,600, payable to-or¬
Bond Sale—The issue of $28,500
der of the,Boo-ri
gyration, is
to exceed 6% in¬
an
Jamestown, N. C.
$412,000 series A bonds. Due on
May 1, from 1949 to 1968 incl.
terest coupon or registered
1951
.
Bankers
ditional issue of bonds of the city.
Omer La-
plante, City Chamberlain, will
Hempstead), N. Y.
Sale—The $146,925 con¬
struction bonds offered April 20
of $530,000 not
The
appointed paying agent for
■
p.m.
—
Trust Co., of New York, has been
Dated
May 1, 1948. Denomination $1,000.
Due May 1, as follows: $10,000
from 1949 to 1957 inclusive, and
$5,000 in 1958. Bidder to name a
single rate of interest; expressed
Y.
Lake, N. Y., until 2 p.m. (DST) on
re¬
<DST)on May 4 for the purchase
Agent
May 1,
from
All of the bonds
Greensboro, N. C.
interest
1948.
Due
•
'
,
Helen H. An¬
Clerk,
•
11,
-
—
.
(P. O. Woodbridge), N. J.
Feb.
>
7^/
Lake. Rate of in¬
terest to be in multiples of
or
1/10 of
1%, and must be the
same
for all of the bonds., The
Toms
on
1949; $2,000, 1950 to 1059
inclusive; $5,000, 1960; $3,000,
.
rondack
to
mature
•:
expressed in a mul¬
$115,000 cou¬ tiple of 14 of 1%. A certified cheek
pon water bonds offered April 20 for
paratus bonds offered April 19
$11,300, payable to order of the
—v.
167, p. 1741r—were awarded in a multiple of % or <1/10 of 1%. were awarded to R. S. Dickson State Treasurer, is required. Le¬
to
the
Security Trust Co.,of Principal and interest (M^-N) pay¬ & Co.,/ of Charlotte, at a price of gality to be approved by
Rochester, as 1.90s, at a price of able at the First National Bank & par, a net interest/cost of about Hoyt & Washburn of New Ydrfe
100.01, a basis of about 1.89%. Trust Co., Ossining.
■'
■ ' ..'.
A certified 3.737%, as follows: $23,000 3%s, City.
due $2,000 on May 1 from 1951 to
Dated May 1, 1948, and due on check for 2% of the
bonds, pay¬
NORTH DAKOTA
1954 inclusive,
May 1 from 1949 to 1958, incl. able to order of the village, is
and $3,000 from
Hatton, N. Dak,
'A
Other bids, for 2.20s:
Tilney & required. Legality to be approved 1955 to 1959 inclusive; $32,000
Sale Details
The $160,000
3V2S, due $4,000 on May 1 from
Co.,
100.17;
Manufacturers
& by Hawkins, Delafield & Longfel¬
Sewer District No. 1 special as¬
1960
to
1967
Traders Trust Co., Buffalo, 100.10. low of New York
inclusive; $35,000
City,
sessment warrants sold on March
3%s, due $5,000 on May 1 from
Harrietstown Common Sch. Dist.
10 as 3s to the /Bank of fjo'rai.
Plattsburgh, N. Y.
1968 to 1974 inclusive and $25,000
Co.,
improvement bonds offered April
21—v. 167, p. 1638—were awarded
1949.
provement
City,
Seaside Heights, N. /,
/
Sale—The $16,000 beach
1948 and
coupon
:
Trimble & Mitchell of New York
:
27,
dated April
are
.
the
to
Banking & Trust Co., of
Wilmington, and Griffin & Vaden.
Inc., of Raleigh, jointly, at a price
of 100.064, a net interest cost of
about
3.28%, as follows: $8,000
3M>s, due on April 1 from 1949 to
1956 incl.,: and $4,500 3%'s, due on
April 1 from 1957 to 1959 incl.
Ossining, N. Y.
expires.
It has
Bond Offering — Frederick T.
been ruled that to pay the money
Scrima, Village Clerk, will receive
after six years would constitute
sealed bids until 3:30 p.m. (DST)
an illegal gift of public funds.
on May 4 for the purchase of
$95,"Bond houses are urged to re¬
May 5 for the purchase of April 29 for the purchase of $85,$276,000 not to exceed 6% interest 000 not to exceed 5% interest
general improvement bonds. building
coupon
or
registered
Dated April 1, 1948. De¬
Dated May 1, 1948. Denom. $1,000. bonds.
Due on May 1 from 1949 to 1958 nomination $1,000.
Due on April
incL Principal and interest (M-N) 1, as follows: $4,000 from 1949 to
payable at the
First National 1963, and $5,000 from 1964 to 1968,
Bank, Toms River. Legality to bs all inclusive. Principal and in¬
approved by Caldwell, Marshall, terest (A-O) payable at the Adi¬
Bond
All of the notes
awarded
were
—
inclusive,
1961;; and $5,000 in 1962 and
1963. 7
20,000 ryiunicipal ball park bonds.
Branch
limitation
year
on
/
Scranton. 1742
Co., of New Haven, at 1%
interest, plus a premium of $2.
General
City Law,
City has no choice about
claiming uncollected bond prin¬
cipal and interest when the six-
W.
&
/;7y;:/7-
.
"Under the
the
Smith,
Al- District Clerk, will receive sealed
the Board of
200,000 to Charles
registered
Bond Offering—Helen R.
sealed
•
holders
River),
Ocoqn County (P. O. Toms
New Jersey
f
of
names
record
1965
$5,000 from 1966.to 1»74
inclusive/ - 7.'7'7":'
'7</
50,000 street improvement bonds.
Due May 1, as follows:
$12^)00
-iL
'
,
a
to
and
•
?
have
$50$,- ;
interest I
to prin¬
of
6%
$75,000
»
we
exceed
coupon, registerable as
cipal only, bonds, divided as fol¬
lows:
••"VV/
' 7/7 7':'7T 7_V;//'
..
because
Eastet- '■
Commission, will reqeii/e
bids until 11 a.m.
(EST) pin
April 27 for the purchase
-
G.
'7
7
ernment
*
Offering .^-William
$950,00«)
/
ling, Secretary of the Local Gov¬
.
Bond
of
-7; Tarboro, N. C.
Bond Offering—W. E.
v
*
issue
an
county hospital bonds.
,
election 4
an
April 3 the voters refused to
on
states in part as follows:
to
as
1958
inclusive.,
■./
All of the bonds
1,
1948.
are
dated May
Denomination
$1,000.
provement
bonds. Interest A-p.
April 1, 1948. Denomina¬
tions
$1,000 and $500, one'/for
$397.
Due • Oct.
1, as followis:
$1,397 in 1949, $1,500 in 1950 to
1952, 'and $1,000 in 1953. Biddets
may bid for a different rate of
—Dated
interest in
a
crued
% oi V%,
thab par'and/ad'
multiple of
No bids for less
interest.
The
approving
opinion * of""' Squire, '• Sanders 7' &
Dempsey. of Cleveland, will be
furnished.. *•./,
/::; */ '77.7^';: /'/''■
Ohio.. \
Barberton,
-
"
■
4.;^
Bond Offering—R. E. Flicking-Principal and interest (M-N) pay¬
able in New York City. The bonds er,
City Auditor, will recqiye
are
general obligations, payable sealed bids until noon (EST) on
from unlimited taxes and register- May 3 for the purchase of $70,000
able as to principal only. A sepa¬ 2% incinerator bonds. Dated May
rate bid for each issue (not less 1, 1948. Denomination $1,000. Pue
than par and accrued interest) is $10,000 on Nov. 1, from 1940to
required. Rate or rates of interest 1955 inclusive. Bidders may bid
to be expressed in a multiple, of for a different; rate of interest
14 of 1%.
A certified check ,foi" multiples of
Qf 1%*
$16,500, payable to order ,01 the check fop $70"
State Treasurer, is required. Le¬ is required.
(1858)
62
THE
COMMERCIAL
Bloom
&
FINANCIAL
CHRONICLE
Township Local Sch. Dist. May 4 for the purchase of $1,200,000 second mortgage water works
(P. O. Bloomville), Ohio
Bond Offering—Arthur L. Saul, revenue
bonds.
Dated
June
1,
Clerk of the Board of Education, 1948.
Interest payable semi-an¬
will receive sealed bids until noon nually.
Dated June 1, 1948. De¬
(EST) on May 6 for the purchase nomination $1,000. Due $36,000
of $125,000 not to exceed 3% in¬ April and
Oct. 1, 1949, $37,000
terest
building
bonds.
Interest April and Oct. 1, 1950, $38,000
$400,000
A-O. Dated April 1, 1948. Denomi¬
nation $1,000.
Due $3,000 April
Each issue is dated April 1,1948.
Second high bid of 100.282 for
and Oct. 1,
1949 to 1963, and $3,000
$2,000 Oct. 1, 1964 to
April and
1970.
of
Rate
interest
to
multiples of V\ of 1%.
the bonds authorized
in
be
These
are
at the gen¬
eral election in November of 1947.
Enclose
$1,250
Board of
the
to
for
check
certified
a
payable
Education.
Bluffton, Ohio
Bond Sale—An issue of $75,000
electric
light plant and system
first mortgage revenue bonds was
purchased recently by Stranahan,
Harris & Co., Inc., of Toledo, as 3s.
Dated April 1,1948. Denomination
$1,000.
Due Aug. 1, as follows:
$4,000 from 1949 to 1952 inclusive;
$5,000 from 1953 to 1959 inclusive,
and $6,000 from 1960 to 1963 in¬
clusive.
Principal
and
interest
payable
(F-A)
National
the
at
Interest F-A.
Bank of Lima.
April
and
April
and
Oct.
1,
Oct.
1,
sanitarium
167, p. 1742—were awarded to
E. M. Clohessy of Oklahoma City.
building bonds. Due $5,000 from
Due
1951 to 1957 inclusive.
inclusive.
1965 inclusive.
v.
bonds. Due $20,000 on April 1
Oct. 1 trom 1949 to 1958
Byng Consolidated Sch. Dist. No.
(P. O. Byng), Pontotoc
1 and Oct. 1 from 1949 to 1958
inclusive.
Toledo,
where
oid
1%
Bond
fractional interest rate is
a
fraction
such
shall
be
%
walk
of
(P. O.
to
and
station
fire
—
In
connec¬
sale of the
tion with the
$27,500
apparatus bonds
Fox, Reusch & Co., of Cincin¬
nati,
reported in our March 8
167, p. 1094 —we learn
were sold as 2y4S,
price of 100.701, a basis of
as
issue—v.
close
'/
at
a
North
School
Lima
A.
White
■
2.134%.
Bond
Defiance Township
Local Sch. Dist*
(P. O. Defiance), Ohio
Bond Offering—John Plummer,
Clerk of the Board of Education*
will receive sealed bids until
noon
.'
Offering—Alvin J. Herdle,
Bonds
Clerk of the Board of Education,
will
receive
bids
sealed
until
May 12
$25,000 3%
(EST)
purchase of
p.m.
for
on
bonds
the
May 1,
$1,000. Interest A-O.
1948. Denom.
000
Dec.
on
from
1
167,
able to the Board of Education;
Euclid City School District, Ohio
Bond Offering—The
Clerk of
the, Board
of
Education
will
re¬
where
fractional
a
interest
Va of 1%
multiples thereof. The
or
1958
19—v.
1949
due
are
rate at not less than
100.30.
crued
interest.
•
and ac¬
proceedings
issuance of these
par
Roth
bonds, part of the $1,850,000 issue
Dempsey,
election
6, 1947. \
for
the
$4,000
house bonds offered
<cThe bonds
nually.
are
on
2%
fire
March 12.
;Y\;'}
of
bonds
will
Board
Education's
4,
1947. Enclose
$250,
$230,000
basis of about 2.334%. Dated Jan.
1, 1948 and due on June 1 and
Dec. 1 from 1949 to 1971 inclusive,
I:
1
to
the
Oak Hill Local School
Clerk-
Bond
Kirtland Township Local Sch. Dist.
1
Markell,
Clerk of the Board of Education,
will receive sealed bids until noon
Sale—The
awarded
to
Fahey, Clark & Co.,
Cleveland, as 2%s, at a price
102.199, a basis of about 2.55%,
of
Dated May 15,1948 and due $5,000
on Nov. 15 from 1949 to 1968
incl*
Second
2%s
high
Harris &
April 26 for the pur¬
chase of $230,000; not to exceed
4% interest construction bonds.
bid
made
was
of
by
101.616
for
Stranahan,
Co., Inc.
on
Dated May 1, 1948. Denom. $1,000.
Due as follows: $6,000 May 1 and
Nov. 1 from 1949 to 1963
incl., and
$5,000 May 1 and Nov. 1 from 1964
to 1968 incl. Interest M-N. Bidder
tion
Sale
with
Details—In
the
sale
of
i
connec¬
the
$4,900
sewer, special assessment bonds
13/4S, at 100.551,
as
reported in
—v.
may name a different rate of in¬
&
p.
our
a
multiple of
as
Board
of
Legality to be approved by Squire,
Sanders & Dempsey of
Cleveland,
at the district's
expense.
"%
noon
(EST)
-
on
(P.
O,
Mansfield), Ohio
Bond Sale—The $700,000 bonds
offered on April 21—v.
167, p.
1639 and 1519 were
purchased by
'
32,
a
1959
50,000 Water
$20,000
to
from
inclusive,
and
basis of 1.43%, as follows:
as
were
sold
be
^
awarded
:
to
naming the lowest rate
agreeing to pay par
of interest and
and
accrued
interest.
A
certified
check for 2 % of the amount of the
bid
is
required.
authorized
at
The
bonds
were
election
an
on
'
March 31.
Bartlesville, Okla.
Corrected
V
/
April 3Q for the
purchase of $425,000 building, re+
pair and equipment bonds.
Due
$26,500 in five years from date of
issue and $26,500 annually there¬
be made to the bidder
ing
the
agreeing to
lowest
rate
pay
interest.. A
for 2%
of
ma¬
nam¬
$100,000
Bond
road
tion
from
1950
that
Board
error
Grady County School District
No. 28 (P. O. Amber), Okla.
bonds
of
Blyth
167,
p.
Bond
Sale—The
,
ties Co.
2s and
of-Kansas, of Wichita,
from
as
Creek
of
;«
District,
*
Salem, Of#*
corder
-
recent
a
////;///,/://'//;'//
v
-
Water
Bond Election
;
connec¬
3Y»s,
•••"
v*
election.
;'
Jndep. School District
as
basis
a
proved by the voters at
Due $5,000 annually
to 1960 inclusive and
No. 1, Okla. '
Bond Sale-Details —In
sold
,
$6,000 in 1961.
Laverne
of
Douglas County (P. O. f^oseburg),
Oregon
/'> /'Y/''•/■
Bonds Voted—An issue of $98,000 water system bonds was ap¬
2Vis.
1951
Co., of
2.953%. Interest payable J-J./
Roberts
$56,000 build¬
awarded to the First Securi¬
were
.
100.89,
price
$9,800
&
our April
1640—we learn
were
a
connec¬
the
.■..
states
scheduled
for
:
'
'■
(;■
The City Re¬
—
that
election
an
21,
May
is
at which
with the sale of the $48,500 time the voters will pass on the
building and repair bonds to the proposed issuance of the following
First National Bank, of Laverne, bonds totaling $315,000: $600,000
as 2s, as reported
in our April 5 sewage disposal plant,, and $215,issue—v. 167, p. 1519—we learn 000,
interceptor*/ sewer
bonds.
were
sold at par,
i
County School District
No. S3 (P. O. Oklahoma City},
Bond
Sale—The
These bonds
to be retired from
are
service charges.
V... '££■
v:-f.
build¬
will
^
;
receive
sealed
Z
'' // i?//
Seaside, Ore}
Bond Offering—The
$12,000
City Cleric
bids: until
ing and furniture bonds offered
April 17—v. 167, p. 1640—were
awarded to E. M. Clohessy, of Ok¬
lahoma City, at a net interest cost
of about 1.98 %. Due serially from
Anril 26 for the purchase of $100,000
not
to
exceed
5%
interest
1951 to
Callable
1956, incl.
Pawnee
Independent. School
was
J, Okla.
Paid—The $18,000
Dis-
water, bonds.
Dated
May 1, 1948.
Denomination $1,000. Due $10,000
annually from
on
1949
any
to 1958 incl.
interest payment
dateZ^rZv/ZZ/Z
Price
///
bonds
awarded April 5 to E. G. Findley,
made
ac¬
check
states
in
PENNSYLVANIA
:
Aston
Township School District
of Cleveland, Okla., as l%s, as
(P. O. Tryens Road, R. D. ;/
noted in v. 167, p. 1640—were sold :;ZZv/lz No. 2, Media), Pa.
*
Bond Sale—An issue of $109,000
at a price of par,
improvement bonds was awarded
(,
Tecumseh Sch. Dist. No. 92, Okla.
Bond Offering —The Superin¬
tendent
of
-
Schools
will
receive
sealed
bids until April 29 for the
purchase of $16,000 not to exceed
4% interest building bonds. Due
serially from 1951 to 1957 inclu-t
The
at
election
an
bonds
to
Schmidt, Poole & Co., and Aspden, Robinson & Co., both of
Philadelphia, jointly, as 2%s/at a
price of 100.10, a basis of about
2.739%.
Due
serially in from
//
to 20 years.
v
County (P.' O,"
Ebensburg), Pa. "V'4Z
April 13.
1
-
;r
Bond
Waynoka School District, Okla.r
Bond
Offering—J. M. Glisman,
Clerk of
will
the Board of
receive
sealed
Education,
bids
until
5
p.m.
(CST) on April 26 for the
purchase of $95,000 building, fur¬
niture and site bonds. Due as fol¬
lows: $10,000 from 1951 to 1958
inclusive
crued
and
interest.
certified
$15,000
in
1959.
check
Interest
for
M-N.
2%
of
bid is required.
the
$30,00(1 water
offered; April: 20—
Cambria
authorized
were
on
naming the lowest rate of interest
and agreeing to pay par and ac¬
certified
Boynton, Okla,
works
sale
to
'
\
-V"
Ore.
reported in
as
12 issue—v.
r;
Award will be made to the bidder
of Education
Sale—The
April 1 from
on
that the bonds
ing, furniture and site bonds of¬
fered April 20—v. 167, p. 1743—
Woods
maturity schedule set forth in the
original of feting notice.)
<:';Z//T
Bond
167, p. 1519
Details—In
the
bonds
Portland,
to
interest
of the amount of the bid.
an
Sale
with
sewer
-
and
par
(Note: A notice from the Clerk
of the
v.
price
a
.
Notice—
Bell, Clerk of the Board of
Education, will receive sealed bids
and
at
at
/
sive.
Offering
G. M.
will
reported in
;/;' Ontario,
trict No.
improvement
$5,000 from 1950
will
Details—The $30,000
March 30 to the
of par, as
follows: $21,000 2%s, due on April
1 from 1963 to 1959
inclusive,"and
net
a
Sale
"
1959 inclusive/\
bonds
price
a
awarded
State,
Trust
at
of Chickasha* Due
annually
1954 inclusive.
works
bonds. Due
crued
Fahey, Clark & Co., of Cleveland,
Ohio Co. of
Columbus, and the
Bend Offering — Charles J; First
of Michigan Corp., of
Detroit,
My City Clerk, will receive
jointly, as l%s, at a price of 100.bids until
to
$7,000
turity shall be for $27,500. Award
learn that
Mansfield, Ohio
,
improvement bonds,
follows:
March 22 issue
1307—we
Richland County
Education, is required.
as
after, except that the final
b9nds were sold to J. A. White
Co., of Cincinnati.
Va of 1%. A certified check for
$2,300, payable, to order of the
on
the*
basis of 1.65%;
the
terest, expressed in
167,
a
&
bonds
by
Okla.
until 7.30 p.m. on
Paulding, Ohio
Bond
Bank
City,
Sale—The
National Bank
$5,000 in 1960.
The
un¬
purchased
Qkla.
\
;
,
(CST)
p.m.
as
Angel, Ore.
$9,000 2V2s, due
that the bonds
;
;
Wyly Keith,
receive sealed
will
sewer
the bidder
$100,000
Bond
April 19—v.
on
serially from 1951 to 1959
Bond
—
7:30
for
1950
j
//
District,
Ohio
limited tax building bonds offered
April 21—v. 167, p. 1639—were
of
(EST)
Nov*
on
28
Due
n
i
„
Bond Offering—Robert
at
certified check
a
payable
to
Ryan, Sutherland & Co., of
Toledo, at a price of 101.703—v.
167, p. 1639—were sold as 2V2S, a
until
$75,000
expense.
authorized
were
;
purchase of
$125,000 bonds, divided as follows:
the
at
Clerk,
bids
April
sold at
were
Mount
Oklahoma
Atoka, Okfa,
Offering
City
printed
the general election held
construction bonds awarded April
(P. O. Kirtland), Ohio
The
furnished
'
'
1
Bond
Portland,
100.22, a basis of 2.21%. Interest
payable A-O.
'
.
District, Okla.
$45,000 build¬
National
:
■
the
Treasurer,
(P. O, Lockbourne), Ohio
5
be
bonds
of
expense
Education.
of
These
for
Hamilton Local School District
Bond Sale Details—The
the
Board
f
,
'
of
Cleveland,
whose
opinion will be fur¬
at
were
to mature $500 an¬
' ■
"
nished
the
OKLAHOMA
bonds have been taken under the
Z/:\Z: ;„.y approving
Grand River, Ohio
Bonds Not Sold—No bids
received
May
on
f:
sewer
supervision of Squire, Sanders &
authorized at
an
"
of
1960 to 1962 inclusive.
,>
highest bidder was Weil,
Irving Co., for 2%s, at
,
Bank
as
and" tion
Principal
payable
at
The
looking to
the
&
Vis,
Grady County (P. O. Chickasha),
to 1953,
First National Bank of Lockland.
The next
connec¬
reported in our March 22
issue—v. 167, p. 1307—we learn
inclusive.
any
«,,
(J-D)
National
2
and
interest cost of 2.03%. The bonds
167,
inclusive.
bonds will be sold to the highest
bidder offering the lowest interest
ceive sealed bids until May 25 for
the purchase of $600,000 building
^
to
interest
par,
1951
/v;
Co., of Oklahoma
—
that
and
1640—were
p.
First
the
$10,000
.
rate is bid, such fraction shall be
at
Details—In
the sale of the $150,000
school bonds to the United States
13/4S, matur¬
as
1950
ing bonds offered
Park),
(EST) on May 1 for the purchase of
incl.
Due
Oct.
1,
as
follows:
$1,$100,000 2Vfe% building bonds. In¬
300 in 1949, and $2,000 in 1950 to
Woodlawn, Ohio
- ,
terest M-S.
Dated May 1, 1948.
1961;. Principal and interest pay¬
Bond Sale
The $15,000 fire
Denomination $1,000. Due $5,000
able kt the Union Banking Com¬ truck bonds offered on
April 13—
Sept. 1, 1949 to 1968. Bidders may
bid for a different rate of interest pany, Columbiana. The bonds are v. 167, p. 1414—were purchased by
supported by an unlimited tax. J. A. White ;& Co., of Cincinnati,
in a multiple of V* of 1%.
No
Bidders may present a bid for the as 2y4s at a
price of 100.80, a basis
bids for less than par and accrued
bonds based upon their bearing a of 2.11%.- Dated
April 1, 1948.
Interest.
Principal and interest
different rate of interest provided Due
serially on Dec. 1, from 1949
est payable at the State Bank of
Definance Co., Defiance.
Enclose
a certified check for $1,000, pay¬
sold
were
Sale—The
Bond
bids.
Dated April 1, 1948, and due $2,-
construction bonds. Dated
-
Sale
tion with
learn
bonds offered; April 20—v. 167,
p.
1743—were awarded to the First
O. South
1639—failed to attract
p.
coupon
bonds
Bond
April 12
our
■
.
of
Co., for IY2S,
April
♦
.
Sold—The
offered
Avison,
a.m.".
,
.
that the bonds
side¬
2% fire apparatus and equipment
7
10
on
$12,000
$7,000 as 2s, maturing $4,000 in
1952, and $3,000 in 1953, all in¬
Ohio
V
of
1640—we
p.
ing $4,000 in
'
Not
167,
Drummond School
$44,400
&
until
clusive;:;/
:
Valley View (P.
Ohio
District,
J.
was
reported in
as
the
that
improvement bonds offered
at 100.441.
'/f;;
purchase
as.;follows: $8,000
April 20—v. 167, p. 1519—were
purchased by Hayden, Miller &
certified check for $12,000,
a
payable to the City.
the
issue—v.
Co., of, Cleveland, as IV4S, at a
of the bid price of 100.126, a basis of 1.196%.
and accrued interest to date of de¬ Dated May 1, 1948. Due
serially on
livery. The bonds will be sold to May 1, in 1950 and 1951. Principal
the highest bidder for not less and interest (M-N)
payable at the
than par value and accrued in¬ Chemical Bank & Trust
Co., New
terest to the date of delivery. En¬ York.
The next highest bidder
that the bonds
bids
.
1.90%,
state the gross amount
Hudson), Ohio
Bond Sale Details
J.
will receive
.
must be for the entire issue,
Boston Heights
sealed
,
on
multiples thereof. All bids
must
or
Offering—W.
Secretary-Treasurer,
(PST)
April 27 for the purchase of
building, site and furniture bonds. $496,000 7th series notes. Dated
Due $3,000 from 1951 to 1954 incl, May 13,1948 and due Nov. 9, 1948.
(All bids for the issue were re¬
Cleveland Local Sch. Dist., Okla
jected at a previous offering on
Bond Sale Details—In connec¬
April 6).
v
r tion with the sale of the $15,000
'
,' *
*
i
building repair and equipment Marion County Union High School
District No. 3 (P. O. St. Paul),
bonds to the Cleveland National
Oregon
Bank, at a net interest cost of
for
27
Ohio
Sale—The
Ore.
Authority,
Chandler,
District Clerk, will receive sealed
bids until 2 p.m. (CST) on
April
//:
the rate
rates of interest, provided that
Clackamus County Housing
Note
Bond Offering—H. D.
/
2
County, Okla.
'
;
100.437.
able at the Mansfield Bank, Mans¬
name
;
-
OREGON
tuberculosis sanitarium
bonds.
Due $15,000 on April
,
$40,000
April and Oct. 1,
$41,000 both issues as lYzs was made by
April and Oct. 1,
$42,000 the Harris Trust & Savings Bank
April and Oct. 1,
$43,000 of Chicago and Sweney, CartApril and Oct. 1,
$44,000 wright & Co., of Toledo, jointly.
April and Oct. 1,
$45,000
Shaker Heights (P. O. Cleveland
April and Oct. 1,
$46,000
20). Ohio
April and Oct. 1, 1959, $47,000
Bond Sale—The $175,000 sewer
April and $48,000 Oct.. 1, 1960,
and drain, series 3 bonds offered
$48,000 April and $49,000 Oct. 1,
on April 12—v.
167, p. 1519—were
1961, and $50,000 April ynd $56,000
purchased by the Ohio Co. of Co¬
Oct. 1, 1962. All bonds maturing
lumbus, as l%s, at a price of
in 1959 to 1962 are callable as a
whole or in part in their inverse 100.692, a basis of 1.628%. Dated.
Due serially on Oct.
numerical order on Oct. 1, 1958, April 1, 1948.
1, from 1949 to 1958 inclusive^
or
on any interest payment date
The
next
highest
bidder
was
thereafter at par and accrued in¬
terest, Principal and interest pay¬ Fahey, Clark & Co., for l%s, at
or
$2,000 annually from 1951 to
300,000
1952,"
1953,
1954,
1955.
1956,
1957,
1958,
field. Bidders shall
Monday, April 26, 1948
and
$39,000
1951,
tuberculosis
A
./
Sale—The issue of $331,refunding bonds offered April
awarded to
was
a
group com¬
posed of Hemphill, Noyes & Co.,
New York, R/C. Schmertz 8c Co.
and S. K.
Cunningham 8c Co., both
Pittsburgh, as 2s, at a price of
of
101.166,
a
basis of about 1.808%.
Dated April 1, 1948 and due April
1,
as
follows $33,000 fram 1950 to
1958
inclusive,
1959.
Second
and - $34,000
in
high bid of 100.968
2s
was
made
by' Arthurs,
Lestrange & Klinva of Pittsburgh.
for
New CastlePa.
/
•
•
'
•
Bond Offering—Albert A. Hoy-
County School District
Bond Offering—H. H.
v
Reynolds,
District Clerk, will receive sealed
bids until 2 p.m. (CST)
for
15
the
No. S (P. O. Avard), Okla.
28
000
the
purchase
•
on
of
April
$35,000
land, Directors of the Department
of Accounts and
ceive
sealed
Finance, will
bids
until
10
re¬
a.m.
(EST) on May 20 for the purchase
$250,000- not to exceed 3% In¬
of
terest
coupon
general
improve-
Number 4693
Volume 167
ment
bonds, registerable as to
principal only. Pated June 1, 1948.
Denomination $1,000.
Due June
1, as follows: $9,000 from 1949 to
1958 inclusive,
and $8,000 from
inclusive. Bidder
1978
to
1959
name
to
single rate of interest, ex¬
a
THE
March 9—v, 167, p. 1095—were
purchased by Arthurs, Lestrange
& Klima, of Pittsburgh, as 2^s,
at a price of 100.778, a basis of
2.103%.
Dated April 1, 1948. Due
serially
1958
or
terest
negie
fied
in
2%
for
check
payable
multiple
a
order
to
Ys
of
bonds,
of the
-of
the
City
Treasurer, is required. The bonds
will be issued
subject to legal
opinion of the purchaser's attor¬
opinion will be issued by
city.
: ■
::
ney; no
the
New Kensington,
Pa.
April
on
1, from 1949 to
inclusive. Principal
1/10 of 1%. Interest J-D. A certi¬
pressed
COMMERCIAL
The
and in¬
(A-O) payable at the Car¬
National Bank, Carnegie.
&
FINANCIAL
CHRONICLE
000 coupon fire department bonds.
Dated May 1, 1948. Denomination
$1,000,
Due
$10,000 from
May
1,
follows:
as
1954 to 1963 inclu¬
and $zu,0ou irom l»o* to
sive
inclusive. Bidder to
rate
of
name a
multiple
of
expressed in a
of 1%. Principal
Y*
and interest payable at the Rhode
highest bidder was Island Hospital Trust Co., Provi¬
Fauset, Steele & Co., E. H. Rollins dence. Legality to be approved by
& Sons, and S. K. Cunningham & Storey,
Thorndike,
Palmer
&
Co., jointly, for 2y4S, at 100.589.
Dodge of Boston.
Whitehall Township
School District
(P. O. Hokendauqua), Pa.
Offering
—
Harold
Prin-
center bonds. Dated
Denom.
1954
;
exceed 5% interest gram¬
school of 1948 bonds.
Dated
1,
1948.
ders to
County (P. O.
Greenwood), S. C.
in
multiples
of
Denomination
of
Yi
1%.
1948 and due on May 1 from
1950 to
1959 incl. Second high
bid of 100.059 for 13/4S, a net cost
1,
Noyes
Hemphill,
& Co., and R. C. Schmertz
& Co.,
jointly.
1.74%, was made by
of
Philadelphia, Pa. ////.
-
*
Bond Election—At
election to be held on
voters
the primary
April 27 the
consider the issuance
will
bonds consisting of
of $50,525,000
$2,400,000 hospital, health centers
and equipment; $1,275,000 juve¬
nile detention home and equip¬
drainage, flood
$17,000,000
Market Street subway extension
and equipment; $11,500,000 road,
street f and
bridge construction;
$7,250,000 park, playground acqui¬
sition
and
equipment; $800,000
hospital for!; contagious diseases
and equipment; $800,000 City Hall,
police, fire and traffic control sys¬
tems;. $250,000
incinerators and
equipment; $2,000,000 public gar¬
age construction and equipment;
$1,000,000 zoological gardens im¬
provement;
$500,000
municipal
$4,000,000
ment;
control and equipment;
stadium, commercial museum, aad
convention
h a 11
improvement;
$300,000
$100,000
home for the indigent;
p u b 1 i c
libraries and
equipment,/and $350,000 fire sta¬
tion and equipment bonds.
'
Ross
Township (P. O.
Pittsburgh 29), Pa.
Bond
Winner,
Offering—Wade
Township Secretary, will receive
sealed bids until 8 p.m.* (EST) on
of $375,bonds.
Denom. $1,000.
Due May 1, as follows: $20,000 in
1950 to 1964, and $15,000 in 1965
April 27 for the purchase
000
coupon
improvement
Dated May 1, 1948.
to
1969.
the right
Township
The
reserves
to call for redemption at
any or
in 1954
par and accrued interest
all of the bonds maturing
order;
May 1, 1953, or on any
payment date thereafter
upon not less than 30 days'; notice
to the holders thereof. Each bid
on
interest
shall specify in a multiple of V\
of 1% a single rate of interest
which the bonds are to bear. Prin¬
Hartsville
School
District
No.
32
(P. O. Hartsville), Darlington
County, S. C.
clusive.
Registerable as to prin¬
only.
Bidder to name
a
Bond Sale—An issue of
Nashville, as 3s, at a price of
100.13, a basis of about 2.98%.
taxes)
.
interest
payment date
thereafter, in whole, or in part in
inverse numerical order, at 104 on
or prior to July
1, 1958; at 103
thereafter on or prior to July 1,
1963: at 102 thereafter on or prior
to July 1, 1968; at 101. thereafter
on
or prior to July
1, 1973; and
without
p r e m i u m
thereafter.
These bonds, in the opinion of
counsel, will constitute valid gen¬
eral obligations ?bf Th^ People ;bf
Puerto Rico, whose good faith is
irrevocably pledged to the pay¬
ment
of principal and interest.
Second high bid of 100.179 for
$100,000 2y4s and $1,600,000 2y2s,
a net interest cost of about 2.48%,
was
made by a syndicate com¬
posed of First Boston Corp., B. J.
Van Ingen & Co., Inc., Lee Higginson Corp., Prescott, Hawley,
Shepard & Co., and Culbertson,
on
any
,
Olsen & Co.
1949
a certified check for $7,500, payable to the Township.
,
—
Trust
Dec.
1
1,
from
1947
and
1949 to
due
1971
on
incl.
Morristown, Tenn.
Bond
Sale
—
The
$425,000
re-
funding bonds offered
April 21
1744—were awarded
to C. H. Little
&*Co., of Jackson.
at
167,
—v.
Co.,
The purchaser will be
1968 inclusive.
to
p.
at
the
$20,000 water works bonds. Due
$1,000 on Sept. 1, from 1949
to 1968 incl., optional at par
;
: and accrued interest on Sept.
National
Bank
maturity.
rate for any
one
Sequatchie County (P. O. Dunlap),
The bonds will be
,
interest
miums
cost
wdl
to .the
be
Town■
taken
con-
'
-
Pre- j awarded to
into
\ /
Tenn.
:
Bond Sale—The issue of
$90,000*.
school bonds offered April 15 was
;'v'
awarded to the responsible bidder
whose bid results in the lowest
wnose
Dia results
in tne lowest
together
.
-
-
the/Hermitage Securi-
•
ties
Co., and the Commerce Union \
Bank, both of Memphis, jointly. - «
'
.
.
Unicoi County (P.O.
■
--j,:
■■
~
t
■,
;
ErWin), Tenn.
'
Bond Offering—Fred D.
Booth,.
County Chairman, will receive
with
-
10,000 fire protection bonds. Due
$1,000 on Sept, 1, from 1949
These
are
the
bonds
on
originally
April 9.
and accrued interest
Interest
J-D.
A
on
that
certified
for
$1,950, payable to order
City Treasurer, is required.
were
on
authorized at
March 23.
an
elec¬
.
of
Yankton, S. Dak.
obliga-
visions of the resolution authorizfrom
the
are
net
payable solely
revenues
derived
from the operation of the Town's
electric
to 1958 incl.
other
any
principal and interest will be payable (A-O) at the Central Han|®Y?r
York
tions which may be issued in the :
future on a parity under the pro-
ing the bonds,
Clark, S. Dak.
Legality to be approved
by Storey, Thorndike, Palmer &
Dodge of Boston.
than
Bank, Nashville, or at the option j sealed bids uhtil 11 a.m./'(EST)
of the holder, the First National ..on May 19 for the purchase of
Baltic, S. Dak.
Bank, Greeneville. Delivery of the $300,000 not to exceed 4% interest
Bond Offering—Alfred N. Berg, bonds wil be made at the First school bonds. Dated April 1, 1948.
Town Clerk, will receive sealed National Bank Greeneville.
These Denomination $1,000. Due $30,000:
bids until May 3 for the purchase bonds are issued for the purpose on April 1, from 1949 to 1958 inof $30,000 not to exceed 3% in¬ of extending and improving the. elusive.
The bonds are general
terest bonds, divided as follows:
electric system of the Town and, obligations of the County and the
tion
First
one
more
SOUTH DAKOTA
RHODE ISLAND
Boston.
no
interest
Offered for sale
,
be
Principal
sideration in
computing interest
payable at the Cen¬
cost only if necessary to detertral Hanover Bank & Trust Co.,
mine which of two or more other¬
New York City.
Legality to be wise
identical bids result in the
approved by ' Huger Sinkler of
lowest interest cost. The bonds are
Charleston.
payable at the American National
and
Bond Offering—Anna M. Goetz,
City Auditor, will receive sealed
bids until 10 a.m. (CST) on May
Warwick (P. O. Apponaug), R. I.
1 for the purchase of $24,000 2%
*,
Scott Township (P. O.
.<
Bond
Offering—G. C. Ander¬ swimming pool and • bath house
Carnegie), Pa.
son, City Treasurer, will receive
bonds. Dated May 1, 1947. Due
Bond Sale
The $75,000 im¬ sealed bids until 11
a.m. (DST) on
$8,000 on May 1 from 1963 to 1965
provement
bonds
offered
on
April 27 for the purchase of $300,- inclusive.
Callable
after
three
Enclose
&
June
.
Trustees,
basis of about 2.475%.
Dated Jan. 1, 1948 and due on will receive sealed bids until 3
July 1 from 1968 to 1974 incl. This p.m. (EST) on May 4 for the pur¬
of
$250,000 school,, bonds.
issue will be subject to redemp¬ chase
Denom.> $1,tion at the option of the Treasurer Dated June 1, 1948.
of Puerto Rico on July 1, 1953, or 000. Due serially on June*!/from
of 100.55, a
follows: $15,000 from 1949 to 1958
at par
property within the inclusive, and $10,000 from 1959
date.
Township without limitation of to 1968 inclusive. Bidder to name
check
rate or amount. Principal and in¬ a
single rate of interest, expressed of the
terest are payable without deduc¬ in a
multiple of Y\ of 1%. Prin¬ Bonds
tion for any taxes (except gift,
cipal and interest (M-N) payable
inheritance
Bank
Dated
—
taxable
or
Chemical
New York.
Nuveen^Co.^Chi-1
cago, Jack M. Bass.& Co. and the
Securities Co., both of
Temple
The
or
////v/
single rate of interest, expressed
in a multiple of Y4 of 1%,
A cer¬
.
succession,
the
$280,000
.
levied pursuant to any present or
future law of the Commonwealth.
City Treasurer's office
-y /;
required to pay the costs of print¬ Dated May 1, 1948 and due on
school
bonds
was
awarded
on
ing the bonds and obtaining legal May 1 from 1954 to 1969 incl/
April 15 to F. W. Craigie & Co.,
Bonds are callable on
opinion. A certified check for 2%
May 1,1953,
of Richmond, and Hamilton & Co.
or
on
tified check for 2% of the. bonds
any
of the face value of the bonds, is
subsequent interest
of Chester, jointly, at a price of
payment date, in numerical order,
bids for, payable to order of the
required.
/,■■'. y,/./
100.054, a net interest cost of
the amount of
District
premium depending
Treasurer, is required. about
'2.407%, as follows: $42,000
Greeneville, Tenn.
on the date of
redemption.
'
Legality approved by Townsend,
Bond Offering — Carl Baxter,
3s, due $9,000 on Jan. 1 in 1949
Elliott & Munson of Philadelphia.
and 1950, and $12,000 in 1951 and Town
Nashville, Tenn. '
Recorder,
will
receive
r: Bond Sale—The
$200,000 water
1952; $85,000 2s, due $12,000 in sealed bids until 1 p.m. (EST) on
;
PUERTO RICO
works-1948 bonds offered on
1953; $17,000, 1954; $18,000 in 1955 April 27 for the purchase of $200,April
Puerto Rico (People of)
167, p. 1308—were purand $19,000 in 1956 and 1957; and 000 not to exceed 3V2% interest 20—v.
Bond
Sale
The
$1,700,000 $153,000 2%s, due $20,000 in
electric system revenue bonds of chased by the First National Bank
1958;
Guayabal
Dam ;; bonds
offered $21,000, 1959; $22,000 in 1960 and 1948. Dated March 1, 1948. Interest
Martin, Burns & Corbett,
April 20—v. 167, p. 1743—were 1961; $23,000 in 1962 and 1963, and M.S. Denomination $1,000. Due "Oth of Chicago, as l%s, at a price
awarded to a syndicate composed
$22,000 in 1964. The bonds are March 1, as follows: $20,000 in ?fJ£°-194> a net interest cost of
of the Chemical Bank & Trust Co., dated
May 1, 1948. Denomination 1949 and 1950, $21,000 in 1951 and fl-7326%. Dated April 1, 1948. Due :
Lehman Bros., Stone & Webster
$1,000. Interest J-J. Legality ap¬ 1952, $22,000 in 1953, $23,000 in serudly on April 1 from 1949 to "
Securities Corp., A. C. Allyn & proved > by
Huger
Sinkler
of 1954 and 1955, and $25,000 in 1956 1969 inclusive, interest payable •
Co., Inc., all of New York; Stifel, Charleston.
and 1957.
Bidders are requested
nexf highest bidder was
Nicolaus &
Co.,/ Chicago; Field
to name a rate or rates of interest Barns
Trust & Savings Bank,
Richards & Co., Cleveland, and Hunter School District No. 5 (P. O. in
multiples of Yi of 1%.
Not
anc* «*•
Bradford & Co.,
Laurens), Laurens County, S. C.
Indianapolis Bond & Share Corp.,
more than three rates of interest
jointly, for l%s, at a price of
Bond Offering — R. L. Plaxico,
of Indianapolis, as 2y2S, at a price
may be specified and there shall
100.089.
•/
■'
Chairman of Board of
cipal
Bond Sale Details—In connec¬
cipal and interest payable at the
Newport, R. t.
Peoples First National Bank &
Note Sale—The issue of $800,000 tion with the sale of the $70,000
Trust
Co., North Side Branch, revenue notes offered
April 21 disposal bonds to Lyons County
Pittsburgh.' Registerable ./as
to were awarded to the Second Na¬ State Bank, of Rock Rapids, as
principal only. The bonds will be tional Bank of Boston, at 0.759% reported in our April 12 issue—
sold to the highest responsible
discount.
Due Sept. 30, 1948. The v. 167, p. 1640—we learn that the
bidder subject to the approval of
First National Bank of Boston, bonds were sold as 2s, at par.
the authorizing proceedings
by only other
bidder, named a rate
Winner, S. Dak. 'K.Y1
/the Department of Internal Af¬
of 0.79%.
'
Bond Offering — Claude Maule,
fairs of the Commonwealth. No
City Treasurer, will receive sealed
> Warren, R. /.
bid for less than par and accrued
bids until 8 p.m. (CST) on April
interest or for less than all of the
Bond Offering—Miss Charlotte
27 for the purchase of $65,000 not
bonds; will be accepted. The pur¬ M. Green, Town
Treasurer, will to exceed
4% interest coupon fire
chaser will receive without charge receive sealed bids until 2
p.m.
apparatus
and equipment pur¬
the opinion of Burgwin, Churchill
(DST) on April 26 for the pur¬
chase bonds. Dated April 1, 1948.
& Ruffin, of Pittsburgh; that the chase of
$250,000 coupon sewer Due
$5,000 on Dec. 1 from 1949 to
bonds are valid, general obliga¬ bonds.
Dated May 1, 1948. De¬
1961 inclusive.
Bonds maturing
tions of the Township, payable nomination $1,000. Due
May 1, as after Dec.
1, 1958 will be callable
from ad valorem taxes levied on
all
the
Cutler
Bond Sale—The $200,000 series
posed of John
fund¬ School
Paying Agent —The Manufac¬ bonds will be awarded to the bid¬
Directors,
will
receive
ing bonds offered April 20—v. 187, sealed bids until 4 p.m (EST) on turers Trust Co., of New York, has der offering to take them at the
p
1742—were awarded to E. H. May 10 for the purchase of $170,- been appointed paying agent for lowest rate of interest at a price
Rollins & Sons, of Philadelphia, 000 coupon improvement bonds. the $320,000
road
improvement hot less than par and accrued in¬
terest to date of delivery. Princi¬
as
2s, at a price of 101.817, a Dated June 1, 1948. Denomination bonds, dated Oct./l, 1947.
basis of about 1.72%. Dated May $1,000.
Due June 1, as follows:
pal and interest (A-O) payable at
1.000 from 1949 to 1958 inclusive,
and $9,000 from 1959 to 1968 in¬
Na¬
Bank, Knoxville. Legality
electric system revenue bonds
offered April 20—v.
167, p. 1743—
were
awarded to a group com-
Sale—The *io0,000
Bond
from 1950 to
D
the rate of interest
name
1
at Hamilton
Lexington, Tenn.
to
April
Oct.
approved by Chapman &
of Chicago. /■■',,
v.1 ^
Thompson, until 2 p.m. (CST) on
May 11 for the purchase of $50,000
mar
April 1- 1948.
$1,000 on
Due
Principal and interest
payable
tional
Gallatin, Tenn.
and
incl.
(A-O)
Bond Offering—Sealed bids will
be
received
by Mayor E.
W.
not
$1,000.
April 1
from
Greenwood
Peters, Secretary of the Board of
issue.
of
I1,000.1949 to 1958 inclusive. Bid.
Due $5,000 on April 1,
SOUTH CAROLINA
E.
date
TENNESSEE
single
interest,
next
Bond
from
years
cipal and interest (M-N) payable
at the City rr
Treasurer's office.
distribution
ordinate
to
revenues
the
for
system,
sub¬
pledge of such
outstanding
the
$900,000 Electric Revenue Bonds*
Series A, of the Town, dated June
1, 1945.
The bonds are being is¬
sued
subject' to the approving
opinion of Chapman & Cutler, of
Chicago, and all bids must be
so
conditioned. The opinion and the
executed bonds will be furnished
City.
^ x""
No bids for less than par
and accrued interest. The approv¬
ing opinion of Chapman & Cutler,
of Chicago, will be furnished. A
$5,000 payable
County Trustee, is required.
White Pine, Tenn.
Sale—The $100,000 water
works revenue and general obli¬
Bond
gation bonds offered
167,
and accrued interest. Enclose
certified check for $4,000, pay¬
able to the Town Treasurer.
a
on
Feb. 27—
896—were purchased by ;
L. H. Ghormley & Co., of Knoxville, as 4s, at a price of par. In¬
terest payable M-S.
-V/.
v.
:
p.
.
-
without cost to the purchaser. No
bid will be accepted for less than
par
r
certified check for
to the
TEXAS
Abernathy, Texas
Bond Sale—An issue of
water
and
sewer
$112,000
revenue
bonds
awarded
April 15 to the First
of Texas Corporation, of San An-;
Jackson County (P. O. Gainestonio; as follows: $44,000 3%s, due:
boro), Tenn.
,f. ;'j
Bond Sale—The $18,000 county from 1950 to 1964 inclusive, and
building bonds offered at public $68,000 4s, due from 1965 to 1978
auction on April 17—v.
The bonds are dated
167, p. inclusive.
1520 w were awarded to W. N. April 1, 1948, at the original of- /
Estes & Co. and the Cumberland fering on April 13—v. 167, p. 1415 ;
Securities Corp., both -of Nash¬ —all bids were rejected. /
/
/
ville,
jointly,
as
2V2s,
at
a
Aransas County (P. O. Rockport),
price of 100.083, a basis of about •:/./: V1' ■Texas "■•/"/' v/.v: /.y'V-/.//
2.484%.
Dated April 1, 1948 and
Bonds Voted—At a recent elec¬
due on April 1 from 1951 tp 1955
tion the voters approved the is- /:
inclusive.
Second
high
bid
of uance of $45,000 harbor comple- /;
100.055 for 2^s was made by the tion bonds
by a count of 461 to 60.
Jackson County Bank of GainesBrooks County,
County Indep.
boro.
■; ;
School District (P. O.
was
■
r
.
■
'
,
LaFollette, Tenn.
' "'s
Offering—O. E. Mitchell,
Falfurrias), Texas
Bonds
'■
Sold—An issue of
$500,-,
receive sealed 000 school building bonds was
(EST) on May 10 purchased recently by the Colurh'- /
for the purchase of $10,000 not to bian Securities Co., of San Ah1-/
Bond
City
Clerk,
will
bids until 7 p.m.
exceed
3%
interest
recreation
tonio.
'
tfm&Wf WM ifiW£4»Nr*UftMWyWNriM^^
M'rfyj:.
' ■'
P
64
' '
'
'
'
•'■■•'',
THE
(1860)
will bring a price of approxi¬
mately, but not less than, par and
Sale—The
accrued
Bond
$500,000 road
April 20—v. 167,
offered
bonds
quired to
with
1744—were 1awarded to • the
Southwest Co., of Dallas,
p.
First
Dittmar
and
&
Co., of
jointly, at a
cost of 2.84%. Dated
'
»:
.
Denton, Texas}
•
Bond
Sale
y
Details—In
connec¬
tion with the sale of the $300,000
to the Central Investment
in
April
our
1520—we
were
5
par,
that
167,
named
*
in
y
purchasers,
for
District,
$216,000
is re¬
•
notes
and
Offering
Business
A.
F.
—
National Trust & Savings As-
sociation, of San Francisco,
the
only bidder, at 1.12%.
Dated April 30, 1948 and due
Nov. 9, 1948.
Eudy,
will
Manager,
election
an
Jan. 24.
on
3,392,000
St. Louis, Mo., notes
($564,000 38th series and $2,828,000 39th series) sold to
,
*•
Salomon
Bros. & Hutzler, of
York, at 1.125% interest.
Dated April 30, 1948 and due
Nov. 9, 1948.
Needville, Texas
Option Exercised
and
New
The Eddle-
—
Los Angeles, Calif.,
($1,336,000 54th series
$9,548,000
55th
series)
man-Pollok Co., of Houston, exer¬
cised its option on April 6 to
1,230,000 San Bernadino County,
Calif., notes sold to the Bank
of America
324,000
Upland
notes
<
sold
America
,
County,
to
the
Calif.;
Bank
of
Trust
National
&
Savings Association, of San
Francisco, at 1.12% interest.
Dated April 30, 1948 and due
Nov. 9, 1948.
•
,
;
'
,
United States
RFC
ipals
Offering
Various
Munic¬
The Reconstruction Fi¬
Corporation has issued a
—
nance
,
booklet
describing
list
a
of
its
.
a..
.t$>
•C'.
^
Eagle- Mountain Common Sch, Dist.
: No. 17, Tarrant County (P. O.,
Fort Worth), Texas
rates of interest which the
to
are
bear
than
more
(but
three
not
to
bonds
submit
different
Bond Offering—Chas. E. Curry,
President of School Board, will
rates,
and do not split interest rate on
single year's maturity) and "the
receive sealed bids until
amount of
(CST)
April 27 for the
on
chase of
10
a.m.
pur^
$65,000 not to exceed 5%
interest school house bonds. Dated
May 1,1948. Denominations $1,000
and $500. Due oh May 1, as fol¬
lows: $1,500 from 1949 to 1958;
$2,000 from 1959 to 1965; $2,500
from
1966
tb
1971, and $3,000
from 1972 to 1978, all inclusive.
These
the
the bonds authorized at
are
election
held
March
on
6.
Principal and interest (M-N) pay¬
able at a place designated by the
purchaser. It is intended by the
Board of Trustees to sell the bonds
at the lowest interest cost that
premium, if
District
March
1, 1968, at pai
and accrued interest plus a pre¬
mium of 2y2%.
on.
Indep. School District
(P. O. Beaumont), Texas
at the
214s.
lowest interest cost to the
and
par
date of
part
a
price of not less than
interest to the
delivery. These bonds
$25,000,000 issue
of the
thorized
June
at
14,
the
election
are
au¬
held
on
1947.
Delivery of such
bonds £, o. b. Houston, will be
accomplished by the " approving
opinions of the Attorney-General
of the State and of
Wood, King &
Dawson, of New York City.
school
—
bonds
p.
March 1 from 1949 tol 963 incl
on
Wharton, Texas
Offering
J. L. Santes,
—
City Secretary, will receive sealed
bids
until
7:30 p.m.
(CST) on
April 27 for the purchase of $100,000 sewer system revenue bonds.
Dated April 10, 1948.
Due April
10, as follows: $2,000 in 1949;
$4,000, 1950; $10,000, 1951 to 1953
incl., $12,000 in 1954 and $13,000
from 1955 to 1958 incl. Optional
after one year from date of issue
or
on
any
subsequent interest
payment date at
interest
Mail your Annual Report, to the Investment
Houses
them
.
of
the
for
Country.
information
tually
Investors look to
on
your
and
and
to
mium.
We have
.
graph
metal
a
-
for
of
our
Addresso-
investment
every
optional redemption
sealed
pre¬
bids
until
8
J
alphabetically
arranged
States
by
Cities, and within the Cities by firm
:
p.m.
(CST) on May 4 for the
purchase of $200,000 not to exceed
and
names.
interest
4%
4
most
~
up-to-the-minute
service
available.
$5.00
or
Canada) is
thousand.
per
eral
All addressing completed within 24 hours.
,
We
can
also supply the list
labels at
a
on
bonds
be approved
,
to
/
house
incl. Principal and interest
(J-D)
payable at the Mercantile Na¬
tional Bank, Dallas. Legality tc
Our charge for addressing envelopes for the
complete list (United States
school
Dated June 1, 1948. Denom. $1,000.
Due on June 1 from 1949 to 197f
This list is revised daily and offers you the
of
be
at his
by the Attorney Gen¬
Texas; any other opinion
obtained
own
by the purchaser
expense.
UNITED
gummed roll
>
STATES
United States
small additional charge.
Housing
Notes
Sold
—
Local
housing authorities awarded
issues
Herbert D. Seibert & Co., Inc.
•
;
7
r
Publishers of "Security Dealers of North
-
^
.y'
25 Park Place
rfi
REctor 2-9570
America"
'
New York 7
on
April 20,
as
note
follows:
$889,000 Contra
Costa
County,
Calif., notes sold to the Bank
,
D. C. The bulk of the bonds beai
at
sets
name
of
the
of
purpose
rate
forth
the
of
by
4%.
The
States the
issuing community
issue,
first
and
las*
maturity and amount of the bonds
VERMONT
Lyndenville, Vt.
^
Treasurer,
sealed bids until 11
.
will
reseiv.
(EST) on
May 4 for the purchase of $200,a.m.
1966
$4,000 in 1967,
The
bonds have been approved
by the
State Attorney General.
WISCONSIN
Prairie Farm, Wis.
Bond
Town
June T,
$20,000
1948. Denom. $1,000. Due
on June 1 from
1949 to
bids until 10
3
for
Roy
—-
a.m.
Miller;
receive
(CST)
the purchase
sealed
May
$4,000 3%
of
on
community building bonds. Dated
May 1, 1948 and due $2,000 on
March 1 in
1951 and 1952,
"A Schofield, Wis.
.
'•
Bond
Offering—Eric Schuetze,
Village Clerk, will receive sealed
bids until 8 p.m. (CST) on
May 3
for the purchase of $28,000
2%%
bonds, divided as follows:
'" -V
$19,000 water works system bonds.
Denomination
: $1,000.
Due
1, as follows $1,000 in
1949 and $2,000 from 1950 to
1958 inclusive.
7,
V
,7 7
9,000
sewage
disposal system
May
,
P
7
bonds. Due $1,000
May 1
on
from. 1949 to 1957 inclusive,: y
>
AH
of the bonds are dated
May
1, 1948. Interest M-N. Purchaser
to pay the cost of printing the
bonds. Legality to be approved by
Lines, Spooner & Quarles of Mil¬
waukee.
■
v':.7-
• •\
.
'
-
-vi-j
;•
■
7-
Stevens Point, Wis.
;
Bond Sale—An issue of
$30,00(7
sewer bonds
was
awarded
on
'
v
s
April 19 to the Wisconsin Co., of
Milwaukee, as U4s, at a price of
100.286; a basis of about 1.419%.
The Milwaukee Co. of
the
only
other
100.056 for
Milwaukee,
bidder, offered
:
114s.
incl.
1958
Wauwatosa, Wis.
Principal
interest
and
Bond
First
to
basis
narne^
the rate of interest.
Le¬
gality to be approved by Storey
Thorndike, Palmer & Dodge o.'
Rutland,
Bond
as'
National
Bank
Sale—The
Chicago,
at a price of 100.145, a
1.20%.
Dated April 15,
Due serially on March 15,
of
1948.
1949
from
to
1953
payable
highest bidder
Vt.
of
iy4s,
terest
Boston.
#
Sale—The
$50,000 school
bonds offered on April 20—v. 167,
p.
1416—were purchased by the
(J-D) payable at the National
Shawmut Bank of Boston. Bidder
inclusive.
In-
•
M-S. The next
was the Wauwa¬
tosa State Bank, for iy4s at 100.03.
$186,000 flood
damage bonds offered April 20—
v. 167, p. 1744 awarded to
Halsey,
Stuart & Co., Inc.,1 New York, as
114 s, at a price of 101.047, a basis
of
about
Dated May 1,
May 1 from 1949
on
to 1958 inclusive. Second
of
Canada
1.283%.
1948 and due
100.779
Eastman,
for
114s
Dillon
was
&
high bid
by
made
Co.
of
York,
New
Treasury
of
(Dominion of)
Bills Sold—An issue
$75,000,000 Treasury bills was
on
April 8 at an average
of 0.41%.
Dated April 9,
sold
yield
1948 and due July 9, 1948.
77::
BRITISH
COLUMBIA
WASHINGTON
7
.
King and Snohomish Counties,
Kimherley,
Bond
sewer
Sale
—
B. C.
Of. the $400,000,
bonds offered
on
March 25
(P. O. Seattle), Wash.
—v.
167, p. 1204—$199,000 were
Bond Sale—The issue of $80,000
purchased by McMahon & Burns,
bonds offered April 13—v. 167, p. of
Vancouver, at 95.00. There were
1520
—
was
awarded
to
Willard
Maxwell, of Seattle, as 214 s, at a
price of 101.17, a basis of about
2.225%.
due
Dated
May
1,
1948 and
May 1 from 1950 to 1963
at par in inverse
order on any interest
after 5 years from date of
on
incl.
Callable
numerical
date
issue.
The
Seattle-First
National
Bank of
Seattle, second high bid¬
der, offered 100.207 for $47,000
214 s and $33,000 214s.
no
other bids received...
:
7
NEW
'A1;
BRUNSWICK
'-.New Brunswick
(Province of)
Debenture Sale Details—In con-v
nection
with the
sale
500,000. debentures to
of the
$9,-'
syndicate 1
headed by the Dominion Securi¬
ties Corp., and Bell, Gotunlock &)
Co., both of Toronto, as reported*
in our March 1 issue—v. 167, p.
a
992—we learn that the bonds
sold
were
follows:
77^7^77: A-"
County School District
$5,500,000 314% refunding deben¬
No. 401 (P. O. Olympia), Wash.
tures
at
98.50,
a
basis ofr
Bonds Offered—Martin J. Gru3.42%. Due March 1, 1958.
ber, County Treasurer, received
2,000,000 2% % refunding deben¬
sealed bids until 10 a.m.
(PST)
tures
at
98.75,
a
basis of
on April
24 for the purchase of
Thurston
as
,
$55,000 school bonds. Due serially
in from 2 to 10 years from date
of issue.
Callable at par and accrued interest in inverse numeri¬
ment date after 5 years from date
April
Offering
Clerk, will
electric bonds. Dated
coupon
Savings Association, of , San
Francisco, the only bidder, at
Dated
1964; $5,500, 1965; $5,000
and
"
000
cal
interest.
1963 and
in
up
of America National Trust &
1.12%
$6,000 from 1949 to 1951 inclusive;
$3,500,
1952
to
1960
inclusive;
$5,500 in 1961 and 1962;
$5,000,
addressed .to
Bothell School District No. 46
receive
sealed bids until 5 p.m.
(EST) on
May 10 for the purchase of $85,000
coupon Davis Avenue Bridge
bonds.
Dated July 1, 1948. In¬
terest J-J;
Due July 1, as follows:
2%
,
interest
.
President of the Board of Trustees
will
bell,
interesl
Indep. Sch. Dist.
(P. O. Wilmer), Texas
Bond Offering — B. C. Royal,
banking and brokerage firm in the country,
,
mu¬
Wilmer-Hutchins
stencil in
Department
premium
rate
name
be
Marketing and Liquidating
Committee, Reconstruction Fi¬
nance
Corporation, Washington 25
by
the
city
successful, bidder. Pur¬
the
and the
Addrensograph Service
and accrued
par
such
determined
chaser
company.
should
the
Village
The $90,00C
reported sold in v
1203—were purchased bj
the Citizens National Bank, Peo¬
ples National Bank and the Tylei
State Bank & Trust Co., all of Ty¬
ler, as 214 s, at par. The bonds are
dated March 1, 1948 and mature
167,
com¬
Bond Offering,—P. R. Griswold
Tyler, Texas
Bond
■
sale
for
Dated April 15, 1948.
Bond Sale Details
local
inquiries regarding the bonds
167, p. 1416—were awarded to a
group headed by Rowles, Winston
& Co., of Houston, as 214s and
accrued
of
munities in every State on which
it will consider bids. All bids and
Park
Bond Sale—The $650,000 school
house bonds offered April 9—v.
District at
bonds
booklet
South
which
such bidder will pay, in addition
to par for such bonds, and award,
if made, will be made to the bid¬
der offering to purchase the bonds
any,
holdings of
Elkins, W. Va.
Offering—John D. Camp*
City
Clerk,: will
receive
Bond
National Trust &
Savings r Association, of San
Francisco, at 1.12% interest.
Dated April 30, 1948 and due
Nov. 9, 1948.
—
.
WEST VIRGINIA
sold to the Bank of America
receive
sealed bids until 7.30 p.m. (CST)
on
May 6 for the purchase oi
$650,000 school house bonds. Dated
May 1, 1948. Bonds were author¬
ized at
.
,
„
Bond
Monday,: April 26,; 1948
10,884,000
School District, Texas
Any
be
check
the
CHRONICLE
Levelland Consolidated Indep.
nearest
must
FINANCIAL
purchase $80,000 water bonds, a:
follows:
$150,000
street
improvement
bonds, as 3 Vis, maturing $25,$40,000 water revenue bonds.
000 on March 1, in 1968 and
40,000 water general obligatior
bonds.
1969, and $50,000 in 1970 and
1971, all inclusive.
Pleasant Grove Indep. Sch. Dist.,
Eastland, Texas
150,000 hospital bonds maturing
Bonds Purchased
The city
Texas
on March 1, as follows: $62,000
Bond Sale Details—In connec¬
purchased $12,000 refunding
as
2%s, maturing $5,000 in
bonds, dated April 15, 1941, at a tion with the sale of the $85,001
1949; $4,000 in 1950; $6,000 in
school bonds to R. J. Edwards.
1951; $3,000 in 1952; $7,000 in price of $87.50 in connection with
the call for tenders on April 15.
Inc., and Dallas Rupe & Son
1953; $4,000 in 1954; $9,000 in
both of Dallas, jointly, as reporter
1955; $6,000 in 1956 and 1957;
Houston Independent School Disin our March 8 issue—v. 167, p.
$4,000 in 1958; $8,000 in 1959;
trict, Texas
1096—we learn
that the bonds
Bond Offering — H. L. Mills,
$43,000 as 3s, maturing $6,000
were sold at par, as follows:
$15,y
in 1960; $9,000 in 1961; $6,000
Business Manager,
will receive 000 as
2%s, maturing $1,000 from
in 1962; $8,000 in 1963 and
sealed bids until 11 a.m. on May
1949 to 1953; $2,000 fiom 1954 tc
1964; $3,000 in 1965 and 1966, 7 for the purchase of $10,800,000
and $45,000 as 3Vis, maturing not to exceed 3% interest school 1958; $15,000 as 3y4s, maturing
$3,000 from 1959 to 1963, and $55,in 1967, all inclusive.
bonds. Dated June 10, 1948. De¬
000 as 314 s, maturing $3,000 from
nomination $1,000. Due $450,000
1964 to 1972; $4,000 from 1973 to
Eagle Lake Independent
Jan.
10, 1955 to 1978. Principal
School District, Texas
'
1975; $5,000 in 1976 and 1977, anc
and interest payable at the Cen¬
Bonds Sold—An issue of $92,000
$6,000 in 1978, all inclusive. Dateb
tral Hanover Bank & Trust Co.,
refunding
bonds
was
recently
March 1, 1948.
All of bonds ma¬
New York City, or at the First
purchased by the First. National
National Bank, Houston. Bidders turing on March 1, 1969, or there¬
Bank of Eagle Lake.
after may be
redeemed by the
are
invited to name the rate or
:
,
is
interest.
will deliver
the bonds to the bank designated
by the purchaser without cost to
him.
It is expected the bonds will
be ready for delivery in about 60
days. A certified check for $1,300
payable to the District, is re¬
quired.
p.
follows:
as
the
bonds
the
rates
or
rates
nized market attorney selected by
reported
issue—v.
learn
sold
as
which
accrued
A' certified
payable to
quired. ;
re¬
are
or
bonds, a copy of the proceedings,
the approving opinion of a recog¬
oonds
Co., of Dallas, at
bid
rate
multiples of 14 of 1%. Alternate
proposals will be considered with
10 year option of redemption. The
District will furnish the printed
net interest
May 1, 1948.
tonio,
their
rate
Bidders
name the
and
par
An¬
San
interest.
&
COMMERCIAL
County (P. O.,
Caldwell), Texas \
Burleson
«.IMMtVWitf1*M -** Iti •
PMY^%t^*V**&V*v >fir**r»»AW*Wttt»*n^^v^ArM
*
'
order
of
on
any
interest
pay¬
issue.
Principal and interest
payable at the County Treasurer's
30, 1948 and due Nov. 9, 1948. office.
3.021%. Due March 1, 1953. \
2,000,000 214% refunding deben¬
tures, at 7 99.375, a basis of
2.717%. Due March 1,
Dated March
1951.; 7
1, 1948. Principal
(M-S)> payable in
Canada. Approved as to legality
by Daly, Thistle, Judson & Mc- 7
Taggart, of Toronto.
>
and
interest
,
@FedFRASER