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APR 2 7 1942
\>
r
-
*
h
monday
ADA
BU&.
LIBRAr*Y
Keg. U. 8. Pat. OfDce;
New
Number 4067
Volume 155
York, N. Y., Monday, April 27, 1942
BOND PROPOSALS AND NEGOTIATIONS
South
-
Gate
((P. O.
Gate), Calif.
In This Issue
;:
£
.
:
South
5
.Scaled
City Clerk will receive
tenders, " pursuant to. the
;&7f Corporation News
State and City News
■/.'v
*
able
Curb
York
New
•
Exchange
purchased
on
17 by Schmidt, Poole & Co!
Philadelphia, at a price of
106.523—v. 155, p. 41—were sold
as 2V2S
and mature $3,500 annu¬
ally on Jan. 15 from 1943 to
of
1962 incl.
purchase of said
appurtenant cou¬
by the city is $20,600.
FLORIDA
the
Florida
The
.7
A
declared
value)
on
this
of
May
15,
York,
Capital
the
of
COMPANY
'
April
Stock
payable
record
17,
1942.':
Cents per share has
(50)
Company,
stockholders
ness
LINE
Broadway
New
dividend of Fifty
been
to
PIPE
26
-
-
,
at
the
($10.00 par
June
close
1942
1,
of
busi¬
'
1942.
J.
R.
Secretary.'
FAST,
knows to what extent the
gasttax will be lessened. How¬
ever,
to ,be conservative, it is
hardly safe to assume that it will
course,
following
comments
are
April issue of the
monthly- bulletin
on
municipal
50%
1940
(State of)
Municipal Situation Discussed—
num¬
J
exceed
"
' proposals
NORTHERN
t
the
for
% Bidders X submitting
should
state
therein
Markets
~
Dec.
bonds and their
pons
bonds
construction
above district. The amount avail¬
New York Stock Exchange
DIVIDEND NOTICE
Pont School District
Sale Details—The $70,000
Bond
sealed
provi¬
of the
X X quotations >
du
I.
(P. O. Wilmington), Del.
The
ing Assessment Bond Act of 1935
State, until May 18, at 7:30
p.m., of refunding bonds of the
XXX ^
•••••'"
••
—
Alfred
sions of Section 19 of the refund¬
:
XX
Invited
Tenders
'
DELAWARE
:
Im¬
and
Acquisition
provement District No. 4
:
Copy
a
DEPARTMENT
CITY
STATE AND
Price 60 Cents
j
1941, whichever you want
to
or
If
take.
it
of. what
that
assume
we
was
in
the
constitutional.. amendment,
allo¬
cating 2 cents of the gas tax to
road bonds in place of 3 cents,
i
,
.
bonds, published by A. B. Morri¬ carries as seems
probable, then
son
&
Co., Congress Building,
actually the counties will receive
which the same, with their appur¬
Miami: .>•.
re¬
for debt service on road bonds, if
tenant coupons, will be sold to
prices on Florida bonds as a the gas tax drops to 50% of what
the city.
Miscellaneous
The successful bidder
whole are about the same as they it was in say 1941, only one-third
must deliver the bonds and their
were a month ago.
In the interim of the actual dollars received from
appurtenant coupons referred to
(See Index Below)
there have been small fluctuations that source during that particular
in the proposal of such bidder
within 10 days after notice of ac¬ up and down on individual issues year. That this will work a very
but no marked changes anywhere. decided hardship in many cases is
,;
All
bonds
will-be purchased ceptance of proposal.
ALABAMA
There is no wide spread demand
obvious.
It is also very evident,
with primary regard to theI best
Delivery of bonds and payment for bonds.
Investors, apparently,
Alabama (State of)
in our opinion, that despite state¬
interest
of
the
State's .; credit of purchase price shall be made can't make
up their minds as to
Tax Collections Increase—Alastanding and revenues.; a' either at the City Treasurer's of¬ what the trend will be and are ments of the State Board of Ad ¬
bama's tax collections for the first
Tenders must be at a flat price. fice, or at any State or national
still waiting.
Their attitude, in ministration to the contrary, it is
six
months
of the fiscal: year No accrued interest will be paid
bank X located
in
Los
Angeles some cases, seems to be influenced
going to be necessary in many
ended March 31, topped by nearly on the
obligations accepted, and
by the fear of what will happen
County, as the seller may elect.
; $6,000,000 receipts for the corre- the right of acceptance or rejec¬
in some of the Florida situations cases, for a while at least, to levy
sponding period of the 1940-41 fis- tion of all or any part of the bonds
CONNECTICUT
when
the tourists and gas
tax
: cal year. '
VX-XX.
Xx so tendered is reserved.: Immedi¬
"
Stratford, Conn.
John
Curry,
State
Revenue ate confirmation will be made of ■.?
drop as much as, apparently, is
Quotations:
Page
Commissioner, has announced that
Proposed
Bond - Issue — The anticipated. *
accepted tenders, .and payment
New York Stock Exchange....... 1652
collections
by
his
department, will be made on May 6, 1942.
The whole question of the gas
X ; Town Council recently considered
New York Curb Exchange....... ."1662
plus motor vehicle and privilege
Forms to be used in submitting
and
its
allocation to
road
the question of issuing $200,000 tax
;
Other Stock Exchanges.1666
licenses collected by the 67 pro- tenders
may be obtained, by re¬
Unlisted Securities
1669
bonds to finance local share of a bonds presents a number of seri¬
I bate judges, totaled $28,375,578 in
quest, at the office of the Refund¬
State and City Department:
the first six months of the year,
$400,000 PWA sewer project pre¬ ous problems which are not yet
ing Board.'• / X- fX VX XX "X;X • *
7 Bond Proposals and Negotiations 1641
compared with $22,445,646 in the
approved by
President solved. In our opinion, the State Gen. Corporation and Invest. News 1669
Lawrence County School District viously
preceding year, an increase of $5,Roosevelt.
The State Legislature Board of Administration is not Redemption Calls and Sinking
( No. 45 (P. O. Imboden), Ark.;;...
929,932, or 26.4%.XXX VvX'3*
Fund Notices
1647
Bonds Sold—The Secretary of
authorized the town to issue bonds giving sufficient thought to these,
There were substantial gains in
Dividends W.....;.................. 1648
the
Board
of
School Directors
for .that purpose several
.both income, and sales tax re¬
years nor are they being handled in Auction Sales
...1650
states that $28,671.95 3%%' semiceipts,
regarded as indices of
the proper manner.
1651
No one, of I The Course of Bank Clearings
ann.
refunding and construction ago, it was said.
abounding prosperity in this State.
bonds
have
been purchased
by
Even while the people were beT. J. Raney & Sons of Little Rock.
ginning to lament the passing of
Stuttgart, Ark.
the automobile, gasoline tax col¬
.v", ;
Interest exempt from all present Federal Income" Taxation
Local Water System Purchased
lections for the month of March
Out-of-Town Listed
bers, : annual
series,
principal
amounts,. • maturity
dates,
and
rates of interest of the respective
bonds offered and the price at
Unlisted Securities
taken from the
,
'
r
*
"index
"X
.,
*
*
*
'
alone scored a gain over
the com-
—An
1941 month of
mately $125,000.
.
approxiX:
cently by the City Council to pur¬
agreement
was
adopted re¬
:
-
; parable
v.
.
chase the local water system,
cluding all facilities and proper¬
ALASKA
ties,
Petersburg, Alaska
X;X
and
'.J -».-.'V
Election—A bill 500, with an additional $40,000
voted for repairs and improve¬
recently introduced in Congress
ments. Purchase will be financed
empowers the town to
hold an
election on the question of issu¬ by revenue bonds handled by the
W. R.-Stephens Investments Co.
ing $150,000 - bonds for various
of Little Rock, maturing over a
-projects, including a hydro-elec¬
-
municipal
building.
period of 40 years.
'
Bond
Homer
*
the
Tenders
M.
State
Invited
—
Gov.
Adkins, Chairman of
Refunding Board, re¬
Angeles County - Acquisition
Improvevent Districts Nos.
136 and 137 (P. O. Los
; ■
ports that the said Board will re¬
a.m.
a
:/v •
v r '•
•;
•'?
X•
r<
Byram
the
These bonds are
the
Attorney General
/
;X
'
j.
v
?
'X "
*f
in '- d
•
'j.:.
•* - v..
'j.'i
'X.'
the payment of which the full faith and
pledged.
yield 0.30% to 1.50%
received by us
of the Commonwealth, whose opinion
HALSEY, STUART &, CO. Inc.
DICK & MERLE-SMITH
c
and maturing April 1, 1943.
stand
of bonds
that
at
a
recent
and subject to approval of legality by
will be furnished upon delivery. ,
voted,
-
herein
boston
'April 23,
registered
been
has
1942.
<
•
LADENBURG, THALMANN & CO.
.•
v.
^
ADAMS, McENTEE & CO.
incorporated
FIRST OF MICHIGAN
CORPORATION
incorporated
:
H. T. GREENWOOD &
CO.
XI
philadelphia
Principal and semi-annual interest, January 1 and July 1, payable in Boston. Mass.
bonds in the denomination of $1,000 or multiples thereof.
The information contained
carefully compiled from sources considered reliable, and while not guaranteed as to
completeness or accuracy, we believe it to be correct as of this date.
Dated January 1, 1942.
:>'■ Fully
;
inc.
GRAHAM, PARSONS A CO.
BOND, JUDGE & CO., INC.
election
aggregating
; the United States of America, ma¬ $50,000, and divided as follows:
turing not later than April 30, $38,000 sewer system, and $12,000
1952.:,i-' >1>4'
?«t >•« 17 "j-u i'lf
-i .1 fire equipment -bonds.*
•« ->•.«V*
were
v
7
.
Direct general obligations
BLAIR A CO.
GEO. B. GIBBONS & CO.
-
,
(CST),
.
2.
XX-.•
r-
offered when, as and if issued and
'
year,
X
issued for water purposes, in the opinion of ,the Attorney General
Commonwealth of Massachusetts, will constitute direct and general
Prices to
states
'
:
•'' V:-v. ^/'vX'XX-:
X v.credit of the Commonwealth are
that, pursuant to the provisions of
the "Refunding Assessment Bond
on April
30, at the State Treas- Act of
1935," he will receive
urer's office in Little Rock, of the
sealed tenders of refunding bonds
following obligations:
'
;
:
of the above districts, until May
1. State of Arkansas State High19, at 10 a.m. The sum available
way
Refunding
bonds,
Serial for the
purchase of bonds ds
Series, dated April 1, 1941, bear¬
$21,500.
ing interest at the rate of 3^4%
San Fernando, Calif.
per annum,
payable semi-annu¬
Bonds Approved — We under¬
ally on April 1 and Oct 1 each
ceive tenders until 11
-
Angeles), Calif.
L.
•'
serially January 1, 1943 to 1972, inclusive
Sealed Tenders Invited—County
H.
'*
obligations of the Commonwealth, for
.
Treasurer
liXI
These Bonds, to be
CALIFORNIA
(State of)
•: -•
Legal Investment, in our opinion, for Savings Banks
New York, Massachusetts and Connecticut
;
,
*
and
Arkansas
V:.' •• •?!•
•' v.a>'
Due
'/
■■
Los
ARKANSAS
X,
-
s
of
XT
$2,000,000
Registered P/2% Bonds
,
plant and system,
hospital and municipal
'
Commonwealth of Massachusetts
from the Arkansas Power
Light Co., for a price of $187,-
'
Proposed Bond
tric
'
in¬
THE COMMERCIAL & FINANCIAL CHRONICLE. r
1642
ad valorem taxes for debt service
rather
extend,
as
to
maturities
attempt to pay them
than
in
to
early
possible,
as
full.
off
and
cash
conserve
seems
counties
for
be
would
us,
uncer¬
wise -course, it
the
tainties
far
view -of the
In
avoided.
to
to be
bonds if default is
road
on
Yet
find
we
some
buying
long term bonds for investment,
counties
bonds
the
cash
using
which
after
will
long
mature
counties
the
when
time
in
crisis occasioned
have to meet any
V
the
apon
net
water works
let
substantial
'
in
actual require¬
the
Yet
amount.
Administration
of
is
this
shows
cash
actual
time with the
this
at
Board
State
the
of
check
A
,f available
Boone
revenues
.revenues
-of
1362—were awarded
&
veen
1.18%.
Dated
high■
banon.
»;
the
almost
12
next
exhaust this fund in
months.
various
A check
counties
discloses
of
the
accounts ,of
investment
the
only
a
small
percentage of quick assets.
While many of the bonds in the
City
.accounts
investment
are
.
good,
mature a long time in the
future, -others are on the border
as regards security some
of the investments are practically
worthless. There is no ready mar¬
Robinson-Humphrey
Atlanta, at par.
Co.
ket
right
tion
of
now
the
for the greater por¬
They can
securities.
000
April
20
to
280.00
272.89
of
the
was
,
Pratt, Kan.
Bonds
Voted
—
..
At
155, p.yl561-f-
municipal •*, airport
"
'in*
•'
:
*.*
? -
■
'ft
*
*■
" *•—'-
case
that
and
interest.
Those tenders
.,y
will
be
Issue—A.
introduced
session
.of
the
at' the
bill
next
State
«
.
+
•
Finance Officer, in Frankfort, on
Bond
v
:■
;; Z
;
i,
■
.-v-
'
■
r
Offering—James
J.
Mc¬
May 1, at 10 a^m. (CWT)y to .con¬ Carthy, City Treasurer, will re¬
sider,the petition of the- county ceive
sealed ; bids ' until
noon
for approval of the issuance of (EWT) on-April 28 for the
pur¬
bonds to refund the currently out¬ chase of
$3,776,000 coupon bonds,
standing bonds of the -above-men¬ as follows:v
tioned issues.
t'
'
;
/
.
'
■
Lincoln
I
..
" "
-•
...
County (P. O. Stanford),
Bond
Sale —The
$20,000 3%
semi-ann. jail
and court; house
bonds offered for sale on April 20
Awarded
to
the
Lincoln
County
$1,000,000 funding bonds.
Due
$100,000 annually on Mayy 15
from
Mlagoflfin Co unty
burg), Ky.
v
i
Bond
Refunding Plan
The
—
holders of .5% jail funding bonds,
issue of April 15, 1912: 5J/2% road
banks, at 'i0.78%f'interests
Payable June 15, 1942,
to
1952
incl.
y
[
;
to 1952 Ind.
National
Stanford, paying a price
of 105.176, a basis of about 1.26%,
Dated April 1, 1942.
Due $4,000
on April 1 in 1943 to 1947 incl.
J
1943
2,776,*000 municipal relief bonds.
Due > May
15,
as
follows:
;
; $278,000 from
1943 to 1948
incl., and $277,000 from 1949
t
All
Bank of
local
(and only
yr'
-r.
Bond
:
Legislature
authorizing the county to issue
bonds,
$40,000 bonds to finance construc¬
issues dated March 1; 1916;,June
tion t)f a fire house in
Kensingi, 1922i June 1,1923, Nov.' 1,1924,
tony as authorized by the" Ken¬
MaV 1, 1925, July 1,1925, March
sington Fire Board..
:
.«■
l V:
1928, June 1, 1928, Dec. L>1929,
and June -1, 1931, are being ad¬
MASSACHUSETTS
vised that a hearing will be .held
-'
- Botton. 'MaaB.
,
iat the office of the State Local '... -... .%•>'
'
—
the
•
holders of road and bridge
•
been
21/4 %
MARYLAND
Proposed
Harlan County (P. O. Harlan), Ky,
Bond Hearing Scheduled—The
,
value and accrued
21/4%
21/4%
y
-
.
;
their par
;,
21/4 % '
1, 1926, Nos.
incl., due Nov. 1, 1945.
Payable at the State Treasurers
office, Augusta, at par.
7, *
KENTUCKY
—
ceed
21/4 %
y
76 to 500 incl.
76 to 500 incl.
voters ap¬
of $30,000
T
policy followed
•
incly:
improvement
Montgomery County (P. O. Rock; ' '
■yville), Md.
■
bonds, it is stated..
.
different
election
an
April: .7 the
proved; the issuance
.
has
2I/4%-
of the issue of Nov.
beld-bn
•f
than
21/4%.': ;,'
y
281 to 606 incl.
KANSAS
y >.i.
**-•'
of.$6,00Qt
>
,
76 to 500
340,000
340,000
425,000
425,000
340,000
425;000
326,000
425,000
425,000
•
738 to 750
sold, many of them, of course, National Bank and the Farmers
at
a
considerable sacrifice, National Bank, both of Belvidere,
which hardly seems worth while. jointly,, at a price of 104.41. Sec¬
Dain & Co., Minneapolis; KirkTaking the cash, sinking funds ond high bid of 103.82 was made
Daniel F.- Rice
& Co.
of patrick-Pettis Co. of Omaha, and
; and investment accounts together, by
Graefe ,& Co. of Des Moines, as
there won't be,-in our opinion, Chicago,
y
*
*
v
3yss, at a price of 100.8599, a basis
enough surplus, which added to
Carbondale, 111.
of about 3.058%.
Dated May T,
the
lessened
gas
tax will take
Plans Bond Issue—City Council 1942 and due annually on June .1
care of all requirements for much
recently passed on .first reading from 1943 to 1972 incl. Bonds ma¬
over
18 months longer.
It may
an
ordinance
to
issue : '$27,000 turing in 1968 and thereafter are
be possible, of course, as the State
I subject to prior, redemption"
: Board of Administration figures, sewerage revenue bonds. - r: v ^
A syndicate- headed by A. C.
to meet any deficit in the amounts
Chicago Park District, 'III.
Allyn & Co., Inc. and Blair & Co,,
required for interest and principal
Tenders Wanted
The Treas¬
Inc., bid 100:615' for 3V&%, bonds,
/ by the issuance and sale of re- urer of
the
Board of Commisr and
Halsey, Stuart & Co., Inc; and
funding notes secured by a pledge sioners will receive sealed tenders
Otis & Co., in joint account,
of the gas tax or something of that
off
until 2 p.m. (CWT) on April 28,
fered 100.2755 for that coupon.
sort,
li
the counties continue to
i|
of district funding bonds of 1938,
buy bonds for so-called invest¬ dated Dec.
Marion County (P. O. Indian1, 1938. The Treasurer
ment, as they have been doing, we has in bis
apolis), Ind. "
-- .X •' I'C
possession $35,000 which
do not see how it will be possible
is available for the purchase of
Warrant
Salle
The
$450,000
to avoid trouble. Things have not
as
many of the bonds as by said county welfare fund tax
anticipaf
gone so far that trouble cannot
sum may be purchased at the low¬
tion warrants offered April 15—r
be avoided, but there will have
est price obtainable but not to ex¬ v.
155, p. 1459—were awarded td
to be a
be
but
*
21/4%
61 to 400 incly
10-1-36
y
Harris, Hall &Co.r both
Chicago; Wisconsin Co. pf Mil¬
waukee; First of Michigan Corp.*
New York; G. H. Walker & Co.,
St. Louis; Indianapolis Bond
&
Share Corp. and City Securities
Corp. both of Indianapolis; J." M.
Second
$340,000
21/4% <p
■
y76 to 500 incl.
^9-1-36
—
21/4%"
•
76 to 500 incl.
v.;
10-1-36 r !
T0-1-36 yy.
'226.03
of
$36,-
<"
Amount
61 to 400 incl.
', -.171.11
& Co. .and
.
issue
improvement" bonds,
awarded
if
:syndicat&<coin?
-a
-
-
.Sioux:
Inc., Toledo; B. J. Van Ingen ■&
Co., Inc.* New York; John Nuveeii
Belvidere, 111.
Sold—An
April 23—v.
61 to 400 incl.
>9-1-36
-1-
.
Lyon
4.11
l'/2%''- "
for pay¬
Int. Rate
61 to 400 incl>
-
10-1-36
Osceola
of .Smith, Barney .& Co.;
York, First Boston Corp., R.
W; Pressprich & Co., both of New
York; Stranahan, Harris
Co.]
ILLINOIS
Bonds
V
;> Bond Nos.
Prem.
llij% 7
& -Cor
.v
-
posed
line and
"
.10-1-36
Sac,
of
New
of
9-1-36
Buena ..VistgU——9-1-36
iv ,$28.0C
t
Corp,V/2%
was'.awarded to
they
,
Co.
Hughes
Securities
fered
purchased recently by
f
'•
-
Pocahontas
000 gas utility -revenue bonds of¬
bonds approved by the voters last
the'
•
v
of Indianapolis
Co.
Bond Sale—The issue
Baker County fP.'O. Newton), Ga.
Bonds Sold—The County Clerk
states
that
$100,000: refunding
were
114%.
1
.....
'Indianapolis, Ind.
GEORGIA
Tune,
Johivson,- Indpls.
Co..;.
Raffenspergcr,
certificates, $28,000 of which
outstanding.
"
■
Int. Rate
S.
ment of various counties and road
will
■
Paine, .Webber &.
Stokes, Woolf &
Union Tr.
bid
•'
Date Issued
Humboldt^„:r-_.->__-T 9-1-36
..by. "the
'Calhoun
County State Bank, .'Le¬
.Cherokee T
Other bids:
-/ V- ' ^
;
£
was
Bidder—
Kenneth
enue
County—
made
for iy4s
Boone
system, also -by the
of the electric light
-
April 1;'1942, and
Jan. 1 from 1944 to
100.22
the
May 1, 1942. 'Bonds should be presented'on .that
on
1, 1942.
to^.John Nu-
due $3,000 on
1952 inch
.Second
redemption-
date to the County Treasurers of the respective counties
ment.
All bonds listed will cease to bear interest on May
basis of- about
a
Monday, April 27, 1942
-ir 'I'ii
'
I OWa (State of)\>:*^
'{V ' ,'.y1
Primary Road Bond Redemption—Notice ds being given that ^out¬
standing primary road bonds^as hereinafter described are being called
,CoM .Chicago, .as/l. %sv >t
price of 100.39,
a
On £*» -
n
O.VLebanon),
for
power system, subject
only to requirements of an exist¬
ing issue of olectric power rev¬
; districts in interest and principal
(P.
Sale—"The $2.7,000> bridge
April 17—*v. .1.55, .p.
Bond
plant and
ire
County
bonds offered
1965, callable in numerical order
$4,000 each year, "beginning Dec.
I,' 1946.
These
certificates
are
oinding and legal obligations of
'the city payable as to both prinjipal and interest from, and se¬
cured by, an exclusive first Tieii^
"
by lessening of'the gas tax.
INDIANA
3V2S,
and
$45,000 maturing
l,i$5,000 in 1958 to I960, and
£6,000 "in 1961 to 1965, as 3%s.
Dated June 1, 1941.
Denom. $1,~
D00. 'Certificates maturing 1958 to
as
Dec,
v
of
the bonds will be dated
May 15,1942. Denom. $1,000 Prin.
and int. (M-N 15) payable .at the
City Treasurer's office. In com¬
paring bids, preference will be
given ,to the bidder whose bid
provides for the lowest net inter¬
est cost -to the
city (total interest
for the duration of the loan from
May 15, 1942, less the amount of
and bridge funding bonds, issue of
premium bid)., The. bonds are
Nov. 1, 1928, and 6% Toad and
stated to be exempt from taxation
funding bonds, issue of March 1, in
Massachusetts and from .Itie
1930,- are being advised .that a
present Federal income y tax.
A
bearing will be held at the office certified
change of policy will have to
•those tenders) which offer bonds
quickly. Investors may be
''"'i* Sharpsville, Ind. J,;':j
at
lowest
prices not -exceeding*
io extend -early maturities
,Bond .Qffering—-Melvin W. Ken4
their par value and accrued in-'
for. a. few years but they will feel
Clerk - Trqasurepf
terest will be accepted (soJfar .as. nedy,. Town
,; less. disposed
to do that if the
receive sealed | sealed
aforesaid sum available for the will
bidi
check /for
< counties
1%
of the
continue spending cash
of f heestate Local Finance Officer.,
purchase of bonds will permit) in: until 7 p.m. on May 11 for (thf
bonds bid for, payable to order -of
urgently needed elsewhere, for
such order as will result in the' purchase of $3J)0O 4% street imr Frankort, Ky., at 10 a.m. s(CWT), the
City Treasurer, is required.
.'bonds entirely -unsuited for in.purchase of bonds by the district provement bonds. Denom.-$509, ,on. May .5,, to consider The;;,peti¬ Purchaser to pay accrued interest
vestment purposes.
*
\j 1 at the lowest
Interest payable annually.; Bonds tion ofihe county for approval of
price obtainable.*
from May 15, 1942, to date of de¬
mature $300 each June 1 from the issuance of bonds to refund
V ' *
Haines City, Fla. •
The parties
who make tenders^
livery .of the bonds./ ' t,' • s,:■.
Sealed
Tenders Invited
A.-certified the bonds above mentioned^ to¬
City which are accepted will thereupon ■ 1943 to 1952 incl.
check for 10% <xf ithe bid is Te- gether with interest accrued and Essex County (P. iO. Salem), Mass.
Clerk Paul D. Joyce states that; be paid for the bonds so
accepted
'• be
:
will receive sealed tenders un¬ on surrender and transfer of the quired.
Note Dffering—Harold E. Thur¬
y
-A] unpaid thereon.
til May 6, at 8 p.m., of refunding bonds
(It..had been previously re¬ ston, County Treasurer, will re¬
and
all
interest
coupons,
IOWA
j ported
that • the hearing
was ceived sealed bids until 111 a.m.
thereon at the office Of the Dis¬
bonds, issue of 1938.
come
■''
f.asked,
<
.
»
.
.
—
-
!
,
-
.
v„..
^
V;
Highland Park (P. O. Lake
Wales), Fla.
Bonds Exchanged—We under-
Treasurer.
Franklin
__
t'.i'"
f
I'.
Bond
Park, III.
•
.
•.
<?
Danville, Iowa
Sdle—The
an
$10,000
p.
semi-
for
1459.):
.
...
John W. Holland in Miami, in an
.
•
Moline, III.
>'
hontas), Iowa
*
"
-
j;
April 17
'
—-
155,; (EWT)
v.
,
,
.
.
chase
on
at
April 28 for the
discount
pur¬
of
$50,000 in¬
farm, Chapter 126 notes."
Dated May 1,1942. Denom.
$5;000.
Due May 1, 1943. Payable at the
dustrial
MAINE (
issue of
semi-ann.
:
schedule
.D,
Bond* Sold
^ Co.
Bonds
Kneeland & Pn nf ann* water revenue bonds offered
ofrfor gale at pubUc auction on April
$50,000 4%
Chicago purchased $160,000 4%
20—v. 155, p. 1562—were awardsrefunding bonds has water and sewer
revenue bonds.
been exchanged.
Dated .July 1, Due on Feb
to the -Whitc-^Phillips Co.,:of
*eD- 1 from 1944 to 1970 e<^
trom 1944
19/0
1941. Due on Jan. 1, 1961.
incl. Bonds maturing in 1969 and Davenport, as 3s, at a price of
101:26, a basis of about. 2.81%.
1970 are optional in 1945. Issued
North Miami, Fla.
Dated
April 1,
1942. V Due ' <on
'
Debt
Composition
Plan
Ap¬ for the purpose of extending and
April 1 in 1945 to 1962;-optional
proved—It is reported that ap¬ improving, the
municipal water for
redemption on or after April
proval of the debt composition and sewer, system.
Legality ap¬
1,1947,
•
'
-V
plan of the above city was given proved by Chapman & Cutler of
on
Pocahontas County (P. O. ; Poca•
-.
April 11 by Federal Judge Chicago.
stand that
'
trict
y
i
;
Bond
Maine
(State of)
Sale—The .$700,000
cou¬
and bridge bonds
offered April T6—v. 155, p. 1459—
highway
pon
to the
awarded
were'
First .Na¬
Merchants National Bank of Bos¬
ton,
or
at the National Shawmut
Bank, Boston. Notes will be cer¬
tified as 1o genuineness and valid¬
as Is, at a ity by the latter institution, under
Ropes,
Gray,
price of 100.155, a basis of about advice ' of
Best,
0.979%. Dated AprU 1, 1942, and Coolidge & Rugg of Boston.
tional Bank of
due
to
$100,000
1953
Chicago,
on
incl.
April 1 from 1947
Reoffered
to
■Gloucester, Mass.
yield
Note
from 0.60% to
1.10%, according to
maturity. A partial list erf the un¬
interlocutory decree
confirming
Bond Call —It is .stated that
Bonds Sold—An issue of $1111-,
the plan.
The plan offers credi2y4% primary road bonds,^> num¬ successful bids follows:
000 hospital addition general tax
i
tors refunding bonds dated Jan. 1,
bered from 61 to 400,
«Bldd°r— v
" v",
Int. Rate Rate Bid
aggregating
bonds was recently sold to Quail
iPiisst -Boston Corp.
y. .:
1%
•
.100.089
1942, and due Jan. 1, 1972, bear¬
$340,000, are being called for pay^ Harriman Ripley & Co,, Inc..MVa% '100.675
& Co. of Davenport.
S
ing interest ranging from 3% to
ment -on May 1, *t the
place Kof Lciunan Bros., 'Eastman. Dil¬
lon dc 'Co. .fend Eldridge &
5%. The Court pointed out that Morris
Kennedy
School
District payment named in
the 7. bonds.
Co.
4>/8%
100.329
.;;.,v/...*y.w.,
the plan had been accepted by
Kidder, Peabcdy ds Co., EsiVo; 125 (P. O. Rockford),
Dated Sept. 1, 1936.
tabrook
&
Co.
and
Stone
creditors holding claims amount¬
Rock River, III.
&
Web3ter
and
Blodget,
Sioux City, Jowa
l y0%
'"line:- -..v;............
100.31
ing to $383,611.64, that no creditor
Bonds Voted—At an election on
;
Bond Sale—The $250,000 semi- Dick ds Merle-Smith, -Equit¬
bad objected to it and that it was
able
Securities
Oovp. and
April 11 the voters approved an ann.
;
airport bonds offered for.sale
100.209
fair and equitable.
Kean, Taylor ds Co.,..;,,
Assume- of( $25;000 • construction on
r ;
April 15—w. 155,' p;; 1459— ■Union Securities Corp., Alex.
Brown &
Sons
and
Bcatbonds.
Vero Beach, Fla.
were
awarded to Halsey, Stuart
.100.229
.men's '.Nat'l Bk., fit. Lcuis.
1%%
-!
Coflin ds Burr, -Lee Higginy
y
8c Co., Inc,, >of Chicago, as
Additional Information
It is
Patton Township, III.
ll&s,
'
son
Corp. and Charles H.
now stated that the
100.177
ilVati
Oilman ds Go............
$85,000 water
Bond Rlection—A special elec¬ paying a price of 100.52, a basis
100.17
Second Nafc'I Bk. of Boston,
1/8%
and light revenue certificates sold
of about 1.45%J Dated
tion
Aprilj 1, Harris Trust ds 'Savings Bk.,
will
be
held soon
on
the
to Leedy, Wheeler & Co. of Or¬
R.
L.
1942.
Due on Dec. 1 in 1943 to
Day
ds
Co.
and
question of issuing .$6,000 bridge
100.129
-Weeden
lVa%'
ds
Co....
1961 fncl.
100.789
lando, as noted here last June, improvement bonds.
Sa lomon Bros;
ds
Hutzler...
1 \\%
John Nuveen ds-Co., White,
were
"
purchased at a price of
Bonds Offered for Investment—
Weld ds Co. .and the Ilii•,
V
'
101.42,
a
net
interest
cost
-of Williamson County (P. O. Marion), The successful bidders reoffered ; .npis.,Co, of Chicago.;...:.,,;1^.%. .; • 10Q.70 ;
ml
"";■:
3.580%, as follows: For $40,000
the above bonds, for public sub-, ;t Bond. Call — Belmont
Smith,
.
.
.
'.
000
Sale—The
notes
awarded
fo
;the
Bank
0.397%
discount.
Feb.
of
15,
was
Na¬
Gloucester,
Denom.
1943.
„
Gloucester National
Gloucester
Co..
$400,-
April 21
Cape Ann
tional
Due
issue -of
offered
at
$25,000.
Other
bids:
Bank, 0.40%;
Safe
Deposit & Trust
0.412%; First Boston Corp.,
0.42%.:
y; ^:.;yy:yy:.y
Lynn, Mass.
v
.
<■:
.
.
,
.
...
...
-
Note
Corp.
an
Sale
was
issue
The First Boston
—
awarded
of
—
on
$400;000
■
-
,
,
maturing Dec. 1. $1,000 in 1943 to
1946, $2,000 in 1947 to 1952, $4,000
in
1953,
$5,000
in
1954
to
Proposed
Bond
Issue
—The
scription -at prices to
yield from
county is making arrangements to 0.40% to 1.50% j according to
1957, issue $50,000 blind .pension bonds, turity..
t .j
i
mai
y '>
.
22
at
discount.
each
on
The
Manufacturers
Feb. 9 and Feb. 23, 1943.
Central Na¬
Due
„
,
April
notes
0.424%
tional Bank of
bidder,, named
t
-$200,000
Lynn, second high
a
rate of 0.428%
.
Maiden, Mass.-
Note Sale—The National Shaw¬
mut Bank
of Boston was awarded
announces : the
call for payment on May 1, -1942, on April 22 an issue of $500,000
of $13,000 Kennbec Bridge bonds notes at 0.44% discount.
Dated
State y
Treasurer,
.
//,•,
'
■;s.-
//:/ ///■ /■/,/: '■/// ;i,:;
/: //
Wolumb
://■/: •/■/'/' // ■/"/////•/■/./■■://'; -•' ''/■
.
55>?//NtobeP 4067
•'/April /22/T942,can&fidue; $250,000
.eadhon Jan. >15 and Feb. 17, 1943.;
/The .Second v Natidnal Bank of
Boston, • next: highest ;/ /bidder]
A'i., 7'J.
^Dearborn, Mich>
Bond
•
'.i
a
rate of Q.46%.
\
;.:-
% -000X
'•
*
,v
•4.-,;.^
(Mfering-—lVfyi"dn A.
-1
Clerk, > will receive
City
vens,
sealed; bids runtil .8 p.m; on- /April
■/../j' 28 for the purchase of $37,65,0:2%
coupon special assessment bonds,
$2,000^000
as follows:
\ /;
/Metropolitan
Additional
Water
Loan, Act of 1926, fully registered $2,250 District No. 393 bonds. One
bond for ,$25Q, others $50i0
bonds offered April 2i—v.
155]
■;each., Due March 1, as fol-sp. 1460—were awarded to a syn¬
/ lows:
$250 in 1943 and $500
dicate composed of Halsey, Stuart
: from 1944 to 1947 incl. .V* \ : I
& Co., Inc., Blair & Co.,
Inc.,
"7,000 District No. 393 . bonds.
Ladenburg, Thalmann & Co., Dick
Denom, $1,000. Due Sept. 1,
,/ & Merle-Smith, Graham, Parsons
as follows: $3,0.00 in 1942, and
,& Co., Adams, McEntee & Co.*
$4,000 in 1943.
>
;.:f
4 .1
*I&c£ George'tB. Gibbons ■/&Goi
3,900 District No. 394 bonds. tOne
First of Michigan Corp., all of
bond for
$300, others $900
New York; Bond, Judge & Co.,
each. Due March
Massachusetts {State of)
•
Bond
Sale
The
*—
•
•
•
•
-
'
.
.
Inc., Boston, and H. T. Greenwood
& Co. of Philadelphia, as l%s, at
a price of 101.243, a basis of about
'
1.40%. Dated Jan. 1,1942 and due
1 as follows; $67,600 from
f
1963 to 1972
1,
f
:-'•
-
at
'
'
turity.
■/,••
J; •/•:
-v-i
■
;'^ay
•=
w-'OSneeiMt at •the«sale w-ere: as
Bidder—
'
.
ttii. Bate Bate Bid
-F.'S,.Masi?ley '& Cor, Harris I
man. Ripley
& .JQo-.,..inc.,■■,.•=...,
<i/*K.dder, Feabody &-Co: -and ^
1
,
-
' '«'■
t'
'
•
gct,
Inc.4...'.......
'Vfatfo
**><■-...
10,1.073:
-
.
Pheips, PennM- Co., ©oldraan,
r, •, < ,
Sachs^e <Co.; C. P.tChilds >. :• .. -v.- >•••%
/
& co;, et ai;/. .v.rriv. r.r. n%%•
ioojo )
.
4
A'
Firet Boston sOorp.; JBetabrook #
& Co., R. L. Day & Co., «>".
*
r ?»r
■
-
■■ ^
399
bonds.
March
1, 1942.
Prin. and int.
(M-S) payable at the City Treas¬
urer's office.
Registerable as to
principal only and shall bear the
full faith and credit of the city.
Bids
1
.•
■
'
Stone & Webster and Blod-
No.
All of the bonds will be dated
j!L30%4o 11^50%^ accoiMteg/to m*i>
/*/■<•/
District
others $1 ,000 each.
Due March '; 1, as
follows: $1,500 In 1943, and
$3,000 from 1944 to 1947 incl.
from
to 'yield
prices
j
One bond for $500,
•'
the
re-offering of
public
bonds
■
District: No. 897 bonds.
Denoms. .$1,000 and $500. Due
March 1, -as follows:$1,000
in 1943, and $2^00 from 1944
13^00
Stuart & Co., Inc. and its
'associates' in .'the underwriting
sey,
"made
fol-
,
to 1947 incl.
Offered—Hal-f
Bonds JPublicly^
•
/.
v-'
/V; V*
;■
J-\e*-:aK.v.Vi: I100.594i
Nat'l City Bank
.'Bankers Trust
.
'New York,:-rV
Oo., Smith.
;Barney & Co., et al.......
'•First National- Bank, of New
vi«.
■
'.r
shall
conditioned
be
...,
five_years and 4% dur¬
ing the ;final ^en years. In addi¬
tion, there
://•..;/.
to be issued 10-year
is
/ Tenders
non-interest
upon
the
Unqualified legal opinion of
Miller, Canfield, Paddock & "Stone
of Detroit, approving legality: ol
the; issue.
City will pay for the
opinion and cost of printing ,th:e
bonds.
.
.
—v.'
1
Southbridge, Mass.
'■
Sale—The
Note
Second'
tional Bank of Boston
:'ed on April 17
p.
J
876.
Na4
able bonds in
T0Vm9^fp ^^°^
Crwd.Blan¥.
Detr.oit, Mich.
iOfferuigs Wanted—The city will
receive offerings of its non-call¬
ilOt.619 ?
«..4ti^Huteler, :Blyth &
155,
MISSISSIPPI
Lee
County, (P. O. Tupelo)* Miss.
of 08 of 1 %, and all of said bonds
interest :to be -ex¬ shall bear the same Interest rate.
^eles/:eyen/though • it /was subset pressed in multiples-of % of 1 % Denom. $1,000. ? Dated May 15,
quently sold to private .owners; Prin.. and int. (A-O) payable at 1942. Due on Feb. 1, as follows:
Should; the ^decision bd upheld: by the iDetroit ^Tr ust /Co./ Detroit ;a A $3,00.0 in 1944 To 1947; $4,000,1948
the United States Supreme Court; certified check for $700, payable; To 1953; $5;00Q, 1954 To 1958, and
county officials hold that there to order of the District Treasurer, $6,0Q0 in 1959 to 1962. Prin. and
will have to be a radical modifi¬ is required. Bids shall be condi-- int.
(F-A) payable at a place to
cation in the proposed refunding tianed upon the unqualified opirn-* be
designated by. the purchaser.©!
ion of the purchaser's
attorney the bonds, subject .to the approval
the
legality
of / the of the Board of Trustees. .Bids
; /However, the tr.efunding -agent approving
©r v
-
•*•
V.
Oct ,1 frote 1943 to 1947 incL Rate
assessment /against property ac¬
quired by the 'State at /recent tax;
of the
' -102.35'
Milton
.
••
.
•—
'
•'•
^
MUh./,/////
Wanted
the amount of ap¬
issue of $250^
sinking fund, water board divi4
sion, up to April 29, according td
Due Nov. 14, 1942.
Other bids: an announcement by Charles G.
First National Bank #f Boston, Oakman, City Controller. '-Offer4
0,365%;First
Boston
Corp., ing will be accepted on the' basis
D.384%4 of the highest net yield to the city
as computed from the. dollar
price
Wakefield, Mass.
on that date.
No bonds maturing
.rates
pf
The school district
is auH. will be
publicly- opened at the St.
required by law to Peters Evangelical and Reformed
levy upon all taxable property Church, 6905 St. Louis Ave., ,Si.
fherein/suchiad. valorem Taxes /as Louis County, Mo. Bids are to be
may / be* /necessafy • To /-pay • the for not less than .par and accrued
bonds and interest thereon within, interest. Each bid shall be accom¬
the-limitations prescribed by. Sec¬ panied by a
$2,000 certified check,
bonds.
thorized
and
tion 21 of Article 10 of the Michi¬ -payable
1.7 %- for, all purposes,
Second
Na¬
tional rBank1 of Boston
April 16
on
!
revenue
an
; purchased
issue of $2001)00
notes at 0.319% discount,
Due
•
$50,000 each on Dec. 4, Dec.
11, Dec. 18 and Dec. 28, 1942. The
First National Bank of Boston,
only other bidder, named a rate
beyond 1959 will -be accepted; •; ; ;
r
Bonds Purchased
The City
Controller reports that tenders ac4
ceptedl April 21 resulted ;in the*
purchase/ of $1;003,000' non-call¬
—
able
22
was
above-men¬
000 non-callable city bonds at
" 'Bond Saile—^The issue* of
coupon
the
Board of Trustees of the City Re-r
tirement System purchased $100,-r
Walt ham, Mass.
•
for
tioned fund, at an average yield
of 2.704%.
Also on April 21, the
of 0.338%.
f
bonds
$30,000
water bonds offered April
awarded to Tyler & Co. of
average
Bonds
'
yield of 2.725%.
Purchased
—
ah
-4'
Charles
for
a
period
prior to the
delivery of the bonds The income
v:Beiid-Dffering--Howard Cline,
Secretary- of the Board of Educa¬
turing Oct.
trict "No. 2
(P. O. Grand Blanc),
,
Mich.
1,
1942.
un*
(EWT) on April 27 for
purchase <©f $4Q*QG0 not to ex-i
ceed 4 % % interest coupon school
the
MINNESOTA
.Fo$ston, Minnl\.
Bond Offering—Sealed bids will
.
Dated May 1; be received until 8 p.m. on May 8,
$1,000. Due $8,000 on by the Village Clerk, for the pur¬
from 1943 to 1947 incl. chase
of
$10,000 V storm Z sewer
rates of interest to be ex- bonds. Denom.
$1,000. Dated May
building /bonds.
1942. Denom.
May
1
Rate
or
pressed dn.imultiplesof J/'i *of :1 %| 1, 1942.
Rrin/ and. int.
(M-N) payable at
the /iCItizehs^^/C^nmaercial
ISawf
tegs Bank,/Flint,;/Rate or': rates
law, the successful bidder may, at
his election, be relieved of his ob¬
ligations under the .contract, to
purchase the bonds and in such
the deposit accompanying bis
case
Boston, as Is, at a price of 100,345, Oakman, City Controller, reports
a
basis of about 0.88%.
Dated that as a result of the' call for
is
pother wise • /known.as
Grand
Blanc Township Unit
Consolidated
Agricultural School and proposals
must be accompanied by a certi¬
fied check/for $1,000 payable to
order of said district of. that title,
Bids "shall / be conditioned upoii
the Unqualified opinion of Miller.
-Canfield, Paddock & Stone,, of
Detroit; approving the legality of
the bonds.
Cost of opinion and
of printing the bonds will be paid
for by the district.
The school
••'■"
'
„
on''
-
Worcester. County. (P.
O.
Proposed
Refunding—Matthe'w
Worcester)t Mass.
Carey, refunding agent; Detroit,
obliged us with the-details ©!
a
proposed plan v for refunding
j culosis hospital maintenance nates
; and the
$14^00 hospital funding $223,000 .5V2% bonds,-; dated Novi
notes
offered : April . 17 - were i, 1927, which have long been. in
.
Note Sale—^The $235,000 tuber-
f-awarded - to the Second National
has
default with respect* to • both - prin¬
within
the
-
limitations
pre¬
.
.
,:
All bonds
i
The;//district.?: will.*furnish the
le^al> „©'pinipri Aof >Gharles,/ &
Trauernicht, of Bt.Touis, and will
pay for the printing of the bonds
ma¬
and int. ^pdyable at any suitable
bank or Trust company -designated
fore The first day of June, 1942. i
v
"0'0.
S' ..•/
•;/'■
•
,.L- J07
:■-•■
///■ T>// /
Hantey-Page East ^.ewer ;District
{P. O. Clayton), Mo.
by The successful* bidder. /No bid a&OB&v/SpId' ^ The Municipal
of-less than par and-.accrued in-i* Bond Corp. of Chicago, is said to
terest
will
be
considered./ The
village will furnish the printed
bonds / and the
approving : legal
opinion of Fletcher, Dor sey,. Bar¬
ker. Colman & Barber, of Minne¬
liave
purchased
semi *ann.
tem
Feb.
Clerk, *
'
.
;
•
$50,000 :2^%
sanitary sewerage sys¬
construction / bonds.
15, .1942.
.
apolis, both without; cost to the
purchaser. Each bid must be un¬
conditional. Delivery on or before
June/1. Bnclose.a certified ,checkfor: $300, vpay.able to /the /Village
'
,
-
,
'Missouri {Stale of)
Bonds Offered—J. C. Kohlhase.
Clerk-of. the
County
Board
maturing after May 1, 1952, to be
.subject to payment and redemp¬
tion on May 1, 1947, .and any in¬
terest payment date thereafter.
Dated
•
'
,
,
Highway Bodies Agree On Re¬
trenchment
—
The
'Globe-Democrat"
/St.
Louis
of
April /14
carried the following report from
Jefferson Gity:
The Btate High¬
way
Commission and Board of
iCoochiching County {P. O. Inter* Fund Commissioners, in a
v //
meeting today, agreed to
rhalional Falls), Minn.i
of
scribed by Section 21 of Article
Education for Unorganized Terri¬
10 of the Miehigan Constitution
and the Michigan Property Tax tory/offered for sale at 10:30 a/m.
on April.27
(today), an issue of,
Limitation Act. Said district voted
March: 30,1942, to increase the tax $240,000 not to exceed 3V2% cou¬
school /refunding
bonds.
limitation1 to 1.869% for a period pon
Denom. $1;000, Dated May V 1942,
of five /years 1942 to 1946, both
Interest payable M-N. Due May 1,
inclusive.
: 1
I
as- follows:
$10,000 ; in 1943/ to
Norton /Township (P. O. J:R.. ;F, D\
1947, $15000 in 1948 to 1953, .and
/ >;.7 No. I (Muskegon), Mich.
/ , $20,000 in 1954 to 1958. All bonds
cipal and interest payments. The
program also provides for a set¬
April 17, 1943. : Next highest; bids tlement of delinquent bond inter*
The proposed plan is based
,were as follows:
First Boston est.
Corp., for $235,000 Issue, 0:37%; on an order signed by Earl *L. / Option Granted ~ Miller, Ken*
First National Bankr of Boston, for Clark, County Drain Commission-* ower & Co., Detroit and Juran &
entire
$249,500 - notes,' 0.40%, er, on April 9 last, and its /con¬ Moody, of St. Paul, jointly, were
plus :$2. ■■•'.- ■ ..T ■:>
'' summation is subject to-satisfac? granted ; a two-weeks option to
Bank Of Boston, at 0.34% discount.
-Dated April
17, 1942, ;and due
1952 incl.
to
expressed in mul¬ payment date thereafter./ Bidder
of /J%. /The district to name the rate of interest. /Prin.
April X, 1942. Denom. $1,000. .Due tenders on April 15, of -non-call$6,000 on April 1 from 1943 to able city bonds for the city sink¬
1947 incl.
Other bids, all for Is, ing fund, water boafd division-1
j were as follows: Halsey, Stuart & v. 155, p. 1460—a total of $928,000 dislrictis ".authorized and required
; Co.,
Inc., 100.204; Waltham Na- bonds were purchased at an av¬ by law to levy upon all taxable
'
/ tional Bank,
100.19; Arthur Perry erage yield of 2.7167%.
property .therein such ad valorem
,f'-.V
>7Ari:
taxes as may be necessary to pay
East Clawson Storm Skewer Drain
Bank pi-Boston, 100.098.
the/'bonds 'and, -interest / there¬
•
t > ?
District, Oakland County, Mich. j.
.
Due $1:000 from May 1,
bid will be .returned,
and registration fee at the office
turing after- May 1, 1947, are call¬ of the State Auditor. Delivery of
able on said date and any interest The bonds will be made on1 or be¬
1943
of interest to.be
tiples'/of
Federal income tax
any
til 8 p.m.
-
G,
All bids
of
.
Sale—The
the district.
to
Constitution and the Michigan •must be on a form to be furnished
Property Tax Limitation Act. Said by E. H. Wemse, District Secre¬
district voted March 17, 1942, to tary. ',;'*,
increase the
tax limitations to
In the event that
gan
five years, *1942 to 1946, both received
by private holders from
inclusive. The bond, issue includes /bonds of the same
type ^nd char¬
a
sufficient amount to
provide acter shall be ^taxable by the
funds -for payment of interest ma¬ terms of
^as awards proximately $600,000 for the city
tion, will receive sealed bids
000 tax notes at 0.329% discount.
Note
..
.
i
bearing certificates
Bonds Sold—The Peoples Bank
Doty, District Secretary, will re¬
indebtedness, dated as of May
& Trust Co. of Tupelo, is said to
ceive Sealed tenders until 7 p.m.
1,1942 (to be tendered to the dis¬
On May 12 for sale to the district iteve -/purchdsed/TeCentiy:/$lljd()a;:
trict at 50% of their face value.) :
of various outstanding obligations, county bonds.
No refunding will be attempted;
as follows: $9,800 series A refund¬
0^M000-Tnpelo0Mi3e0000000:0
according to the refunding agent,
ing bonds, $2,100 series B and $4/
Bonds Soldr-The Peoples Bank
pending the appeal of the appeal
900 series €, also $6,000/certifi¬ & Trust Co. of
Tupelo, is said to
to
the
United; States Supreme cates of
indebtedness, dated May have purchased 'recently
$7,000
Court of the decision made June
1,1937. All of the bonds are dated city bonds.
;
30,1941, by the Michigan Supreme
Jan, 1, 1937.
Court in the case of Municipal In¬
MISSOURI ' '
T
vestors Association vs. the City of Warren Township School District
Curtis Sewer District of St. Louie
No. 5., Macomb County, Mich.
Birmingham. This decision, It was
Merle Tyler/
<said; field - that certain amend-', / Bond Offering
County, Mo. i
>
ments to
the* general tax- laws Secretary of the Board of Educa¬
Bond Offering—Sealed bids will
made in 1937 and 1939 and the en¬ tion, will receive sealed bids un-? be received
byTheodore Hafer,
actment of the so-called Scaven-i til 3 p.m. (EWT) on April 27 for Treasurer of the Board of Trus¬
the .purchase of $35,000 not to ex-;
ger ^/Sale
Act,
as
applied to
tees, .until 8 p.m. on May 5, for
a
special assessment district • in ceed 37o interest coupon school the purchase of $85,000
sewer
bonds. / Dated/ April;/15;/ 19421 bonds. Interest rate to be speci¬
Jhe; City ^f > Birminghiam j - barred
Denom/ ;$1,000.; Du6;v$7,000 ^on/ fied
t;be;il;je vying mf; ^deficiency
by the bidder, in a multiple
.
venson & Co.; et ak..
.Chase Nattonal Bank of New
>»-'York,^ -Balomon {:.Btos,-»u--it
Detroit),
of
■
,
Zion
Bond
..
jy Brightmoor^Station,
-
„
r
j
3Vz %; for
■.
>
*
•'•
,«
„
1643
(P. O.; St. Clotid), Minn.
Sale—^The $22,000 semiann. road, and bridge, general .ob¬
.OOf^ear callable refunding bonds, April 14,—4V. 155, p. 1365. Dated ligation bonds offered for sale on
daited as iOf ;May 1, 1937, and to April i; 1942 and due serially ort April: 16—v. 155.,
p.
1267—were
bear iiiterest,: payable semi-an¬ April 1 from 1945 To 1972; inch purchased by Piper, Jaffray &
nually, as • follows: Xlk% for -2 •Optional on and after Oct. 1, 1942: Hopwood of Minneapolis, as l%s*
|
;■'••' V
r.;,.;
■/.+•*
'./■ ~ Cy
ryears, 2% for three years, 2% %'
paying a price of 100.563, accord¬
Redford Union
Schools, District
for live years, 3% for five
ing to the Town Clerk.
:
years,
No. i (P. O. 15100 Aubrey,
f
-
•.-■■
-forth<in; the • order.
.
'•
»
■
purchase the $190,000 not to -ex-:
The plan need 16% interest water supply
contemplates the issuance of mew system > revenue t bonds
offered
set
states; that holder? of a;large mat.
A certified check for 5%
jority of the district's bonds havef
bonds, payable to order of;
l\'t%
already * indicated their intention
•,100.35$; the
City Treasurer, is required, g'
vi
Of /depositing their - bonds-under
York, R. W. Pressprich &
Dearborn Township (P. O. Dear-> the
'Co., Northern TJUst Co. JOf
' *''">• ' *• ' *
prder/signed by .the * County
i
Clilcago, ,and Bornbjower & $
':0l 0000 bornX, Mich.
Dram Commission..
Similar ac-j
Weeks
We
100.30Bonds Not Sold-—H. -V. Sattley tion is
c ■ Lazard .>Preres .<& Co. v Mer- > 4- *
\> U < ;#-i
jurged on mil bondholders
,,A^ cantile-Commerce
B^nk^-,*& i,
,{ & Co.
of Detroit, and Associates; as this is necessary in order to
Trust Co., B; J. Van Jngen
i4 " • *
did not exercise their option to share
:/+*&.-Co., Inc., -set-Md/i'i.''100.293
pro rata in the disburse*
First National Bank of Chi>
purchase, at .par, the $420,000 fnent of various funds to be paid
cago,
L. F Rothschild Sc 4^-'
Co. and Riter & Co.......
l»/a%
100.145
series A and B refunding bonds on account of delinquent bond in*
■4Xehman < Bros;,
RemphiU, <:'&■*
Noyes & Co., Bacon, Ste'
''/•,! unsuccessfully offered oh Feb. 24 terest, it was said.
•
'.'*r
"v
.
.
.11,000
i
V
as
from 1944 to 1947 incl.
incl.andr$66,000 from
ipcl.;
,
.
$300 in 1943, and $900
lows:
;
.Jan.
V1943 to J962
'
•:
tion «df; various JegaL conditions
.
•'named
1 ■'. ;/
;* THE .COMMERCIAL^ & FINANCIAL CHRONICLE
-<"
-r
-
trenchment
save
year
joint
a
re¬
designed to
approximately $1,400,000 this
to meet the ^State's bond for
program
interest Obligations in 1943.
•
;
This
saving will .be divided
•about equally among the Highway
Department and the various other
State agencies which are paid out
of
highway
funds
for
different
services.
The
Highway Department will
effect its share by drastic cuts in
its
operating budget, including
dismissal
a
of many employes and
paring of other administrative
••.expenses. -
■
c/
■•
:*/ /
(Reg. XJ. S. Patent Office) William ;B:i Dana Company, I Publishers, 25^^ Spnjce 8treet, New York, BEekman 3^-3341. Herbert.©. Selbert,. Editor and Publisher:
Frederick W. Jemes,-Managing Editor; William Dana ^Seibert, President; Wiiliam ©: Biggs,' Business Manager.
Published twice >a week Levery Thursday (general news and advertising- issue)
with .a statistical Issue on Monday]. <• Other offices; Chicago*-Ih fcharge of j'Fred> H," jGray, -Western 'Representative, Field Building• (Telephone ;State -0613);
London*—Edwards & Smith, .1 Drapers'
Gardens, London, E.C.
Copyright 1942 by WllUam B. -Dana^Company. Reentered as -second-class inattar February 25, 1942, a*t„the post- .office-at. New-York, N. Y.., under the Act of March 3, 1879.
SubscriptlQna in ©nited States ^.nd. Possessions, $26.00 per year; in DQminion of Canada, $27.50 per year.. South and Central America,-Spain, Mexico and Cuba, $29.50 per year: .Great Britain.
Continental Europe (except Spain), .Asia, Australia and "Africa,^ $31/00 per year.
NOTE: -On account of the fluctuations in the rates of exchange, remittances>for foreign subscriptions and adver.(.tisements must be. made in New York funds.
/
•
v- ^Commercial And
Financial
Chronicle
..
i
'
.
,
A... :'!-
/// '7
V
'
"
"... ...if.';-.
The State needs to have
an
$8,-
($1,574.34 in 1952.
:;'V
the State Senate
"*
fund
reserve
April 20, the
on
State is committed
Missoula, Mont.
1
of
establish
to
a
$50,000,000 to be
semir used for
emergency
relief and
ann. fire equipment bonds offered
loans to"' local government/ asi;'
cmj
"for sale on April 20—v.- 155, p.
offset to
Sale—The
Bond
awarded
were
—
$35,000
anticipated financial dif¬
the
to
ficulties
.'Charles N. Tripp Co., and Fordyce
the
Co., both of Portland, jointly,
as lV2s, paying a price of
100.36,
according to the City Clerk., ;
t&
for
municipalities
The
war.
fund
after
would be
es¬
tablished
through the application
$4,000,000 annually from the
of
gasoline tax
000
NEBRASKA
and $1,000,-
revenues
from
alcoholic
beverage
levies. The Governor, State Treas¬
Creightoh, Neb.
urer
and Controller would con¬
Bonds Sold — The City Clerk
stitute a State Resources Commit¬
states that $14,500 2V2%
annual tee to invest the
sanitary
have
and
sewer
been %
money
bonds
plant
March
.March
-and
1
as
$1,000
tional
in
j March
-Neb.
1942.
Due on
follows: $500 in 1944
1,
1)
and
Prin.
1957.
payable
cated
1958, op¬
1945 to
in
Robert
the
C.
County
Hendrickson
and
of
Glou¬
Wesley
L.
County. Mr.
recently named
,
Lance of Hunterdon
Norfolk, Neb.
Sale Details
of
by the late William H. Al¬
cester
,
Bond
in national
securities
bright, State Treasurer, and was
sponsored
jointly
by
Senators
int.
Center,
at
and
State, its counties and municipal¬
ities, and the Port of New York
Authority.
The plan was advo¬
A Robert E. Schweser Co. of Omaha.
Dated
bonds
war
by ' the
purchased
Hendrickson
The City
was
X
/
It.
VV'"^
A
4: •?.'
7
"
•
Monday, April ~27y 1942
unlimited tax:; obligations of the
city and .have been, approved as
and
to^. legality
certificates -of intereit'in
property -c'
the
bidder
will: purchase
the bonds at. par^; The bonds will
be sold to the bidder
making the
:
and. accrued
par
A third
all
•
"brokefs
for
7 -1
///
on
77*"
.
law provides that U
transfers exempt^
-new
deliveries
or
from regular and
emergency stock "
transfer taxes must be
accompa-'
nied- by- a-certificate
income
received :by private
from. bonds .of the same
holders
setting forth
the facts!
^
7
7vv\:;;
by the terms of any Federal / M o r t
g a g e
Investment * Bill
income tax law hereafter enacted,
Signed—Governor Lehman signed :
the succesful bidder may, at his
on April 21 a bill of
Assemblymah
election, be relieved of his obliga-i D. M.
interest; to Jhe
,
Ray*
prior to the delivery of the bonds
the
custodians iRnd
City; Delivery •or/iaecumulation.' 7!
about April 27 at: the afore-s
mentioned bank; Jn the-event that
and to readvertise the same. > The
bonds will not be sold at less than
•
sale,; and imposes such taxes
on or
bid, >subject to the right,of
the city to reject any and all bids
date of delivery.
be prepared and
Caldwell &
by
mond of. New York
best
type and character shall be tax¬
The bonds, will
able
printed by-- the
city and the successful bidder will
"
.
1
which
:
*
'
!'Vf
willy purchase the bonds, ".or
(b) the lowest rate, of interest at
7 jiysold
.
1461
r*'.
der
496,000 RaritanTwp. 4Va% bonds
v
Aug.;,5 to .Richard H.
i; v:vj Monaghan,v of Newark, at par,
In the past it has not been neces¬ 7 /•' and consisting of $350,000 resary to build up this fund over a y.vy funding bonds, dated June 1,
Jong period, but a sharp drop is
1936, and due $50,000 on June
1 from 1951 to 1957 incl.; $25,expected this year in/;highway 77
•funds : fed by the State gasoline
y.; 000
refunding
bonds,
due
fax and/automobile license fees^^ y • Sept, 1 as follows:. $3,000 in
; : J950 and 1951; $10,000, 1952;
MONTANA /
v
$3,000,
1955, and $6,000 in
Billings, Mont,,
1958, and $121,000 serial fund¬
Bond Sale Postponed —; It is
ing bonds, dated Sept. 1, 1936
stated
by O. W. Nickey, City
and due Sept. 1 as follows:
; Clerk, that the sale of, the $16,$50,000 in 1950; $36,000 in
874.34 2%% airport construction
>y 1951 and $35,000 in 1953.
'7 i
refunding bonds
scheduled for
Plans $50,000,000 Reserve Fund
April.v<21-r—v,155, y. 1366—was
postponed to April 28.
Due on For Municipal Aid — Under the
Jan. 1; $1,700 in 1943 to 1951 arid provisions of a bill approved by
'-y
:
THE COMMERCIAL & FINANCIAL CHRONICLE
092,100 bond and interest sinking
-fund intact at the end of this year.
.
/'■V i
•\ M-
...
.'1644
-
7VZ,
,7 .;••
Y.yi'Vj:'....':'
;'7 7
be furnished with the
opinion of
Pershing, Bosworth, Dick & Daw¬ tions under, the contract to pur-?
son of
Denver, to the effect that chase the bonds and in such case
they are valid and legally binding the deposit
accompanying his bid
obligations of the city and the city Will
bei; /returheti, ;?7 7
1V '
has power and is obligated to
levy ;;: Other bids weire "^s follows: •'r
ad valorem taxes for the payment
iBidder*'
-'
' •'
Int. Rate • Rate Bid!
Stephens, Putnam, contin¬
uing to March 1, 1943, provisions "
relative
to modification and'ex!-r
tension /of 7 mortgage /investments
and participation in
reorganiza¬
tion of mortgage
guaranty, corpo¬
rations.
v
,
of
the
bonds f and
the
interest
thereon upon the property within
the city subject to taxation by the
C.
F.
Childs & Co.
wood
E.
H.
&
and Sherv
< V
Co........,;.....
Hollins
Bacon,
&
Stevenson
'■
Sons, Inc...
& Oo...;.
Marine "Trust Co. of
' 100.018
" v r :
1.60%
.100.27
' 1.70%7
100.43
Co...
Inc.:.
Bond ♦Election
:
--/
Ait ; election
will be held
100.32 ;
■
tion of
J---.'"-Hamburg, ■ N. Y.
..
Orangetown
Union " Free r School
District No. 4 (P. O.
Nyack), N. Y.
l\b%
-Trust;Saytngs Bk.- 1:70%
of the amount of the bid,
payable to the city..:
\
Buffalo,r:f> -
city within the limits prescribed
and R. D. White &
by law. Enclose a certified check 'Halsey, Stuart & Co.,"
Harris
for 5%
>•
100.195
100.089
j
May 5 on the ques¬
issuing $10,000 bonds.
Offering'— Joseph jE. •/';7/7 j Tuckahoe, N. Y.7777'
Hobbs, N. Mex.
-Yhi
Leach, Town Clerk, will receive
Bond Sale—The $14,000
Bonds Voted
coupon
At an election
sealed bids until lO'a.m: (EWT); or
registered general
held on April 7 the voters ap¬
improve¬
on
April 29 for the purchase of ment bonds offered
April 22-/proved the issuance of the follow¬
$40,000 not to exceed 5% interest v. 155, p. 1564—were awarded to
ing bonds totaling $36,000; $26,-j
coupon or registered Cloverbank R. D.iWhite &
000 air training school land
Co., New York, Us
purSewer District bonds. Dated May
1.30s, at a price of 100.07, a basis
chase, and $10,000 airport admin-;
1;-1942. Denom. $1,000. Diie $2,- of about 1.27%. Dated
istration building bonds.
April 15,
000 on May 1 from 1943: to 1962 1942 and due
April 15, as follows:
incl.. Bidder to name a single rate
Roswell, N. Mex.
$3,000 in 1943 and 1944, and $4>
Bonds Voted
At an election of interest, expressed in a multi¬ 000 in 1945 and
1946.
held on April 7 the voters ap¬ ple of y4 or l/10th of 1%.; Prin.
: Other
bids: /Jfor 1
s) Manu¬
proved the issuance of bonds to¬ and int. (M-N) payable, with New facturers & Traders
Trust Co.,
taling $115,999; the proceeds to be York exchange, at the Peoples
100.089; Newburger, Loeb & Co.,
used for public library improve¬ Bank of Hamburg, or at the Bank
100.06; First National Bank of
ment, municipal airport adminis¬ of Hamburg; at the option of the
Tuckahoe, par, (for 2s) Crestwood
tration building, and repayment of holder. A certified check for $800,
National Bank, Tuckahoe, par.
:
the
State * Finance : ; Board
for payable to order of the town, is
Utica, Ni Y.
moneys loaned on the purchase required. Legal opinion of Dillon,
.Bond
—
Vandewater
Moore < of
New
Bond Offering—Thomas J. Nel¬
son, City Comptroller, will receive
University of Ne w Mexico (P. O. successful
p. 1367.
bidder.,
•.
sealed bids until May 7 for the
Albuquerque), N. Mex.
i In the event that, priori to the
2y2s, as noted here—v. 155, p. 1563
purchase ofi $608,377.72 bonds, as
Pdulsboro, N. J.
Bond Sale—The $40,000 coupon
—-were
purchased
at
par
by
delivery of the bonds the income follows:
Bonds Publicly Offered—J. B. semi-ann. building, improvement
received by private holders from
Green way & Co. of Omaha.
$120,000 10-year serial public imHanauer & Co. of Newark recently and water supply bonds offered
bonds of
—
State
;Clerk states that the $30,000 semi<ann. aviation field bonds
sold as
Treasurer
as
successor
of the municipal airports
;
to
i
A':;:
•
;v"
^
A
York
|
&
r.
City will be furnished the
Aibright.—V. 155,
Mr.
.
,
the
NEW HAMPSHIRE
made
public
offering of $153,000
4j/4% refunding bonds at prices to
Nashua, N. H.' t v.'•'
.7 Note
Sale—The issue of $200,- yield from 3.20% to 3.40%,- ac¬
000 notes offered April 21 was cording to maturity.Dated Oct.
awarded to the First Boston Corp., 1, 1936.
Due Oct. 1, as follows:
New York,
in
at 0.398% discount. $32,000
1935;
$30,000,
1954;
"r7>7--«
Due
'
>•-*
Dec.
$17,000, 1955; $30,000 in 1958 and
Second National Bank of Nashua, 1959,. and $14,000 in 1960. Legal¬
0.46%; National Shawmut Bank ity approved by Caldwell & Ray¬
©f Boston, 0.46%; Nashua Trust mond, of New York City.
Co., 0.49%; Leavitt & Co., 0.495%;
Indian
Head
National - Bank,
NEW MEXICO
1942.
29,
Nashua, 0.517%.
.
Other
bids:
v:* //.'
/
Albuquerque, N. Mex.
.
Bond
NEW JERSEY
will
May wood. N. J.
{
Offering
be received
—
Sealed
until
2
bids
p.m.
on
Sale—The $270,000 couregistered sewer bonds of¬
fered April 21—v. 155, p. 1563—
$505,000:
were awarded to Colyer, Robinson
\&i Co. of Newark, as 3.20s, at a $198,000 storm sewer bonds.- Due
July 1, as follows: $2,000 in
price of 100.265, a basis of about
1945 and 1946,
$3,000 in 1947
3.18%. Dated May 15, 1942 and
and 1948, $5,000 in 1949 and
due May 15, as follows:
$5,000
1950, $7,000 in 1951 to 1953,
from 1943 to 1946 incl.; $6,000 in
$17,000 in 1954 to 1958, and
;i947 and 1948, and $7,000 from
$18,000 in 1959 to 1962. 7/!
'1949 to 1982 incl.
94,000 sanitary sewer bonds. Due
; ' Other bids: Ira Haupt & Co.
-July 1, as follows: $2,000.in
and
Barcus,
Kindred
&
or
sale
April
on
1268—were
Co. of Kansas
100.15,
3.30%,
15—v.
awarded
to
City, at
155,/p.
Soden
&
Co.,
3y2s, 100.331; B. J. Van
Ingen & Co., Inc., H. L. Allen &
Co., Minsch, Monell & Co. and
Campbell, Phelps & Co., for $268,000 bonds, 3.70s, 101.05; City Na¬
tional Bank & Trust Co., Hackensack, for $269,000 bonds, 3.70s,
100.55; H. B. Boland & Co., for
$269,000 bonds, 4s, 100.67.
1945
1946, $3,000 in 1947
to 1950, $5,000 in 1951 to
1953,
and $7,000 in 1954 to 1962. :
14,000 fire protection bonds. Due
$1,000 from July
;
1958 incl.
'
•-
-
"
-
H.
T.
Greenwood
7'7 Philadelphia,
&
y
7
eral
.
-
Oct.
refunding
30
a
bonds
sold
Ira
and
to
Due July 1, as follows:
$2,000
in 1945 and 1946,
$3,000 in
1947 and
1
1948, $6,000 in 1949
to 1954, and $13,000 in 1955
V 'to 1962.
Interest
rate
is
not
to
exceed
6%, payable J-J. Denom. $1,000.
Dated July 1, 1942. Bonds will
not
be
and
registered
interest.
able
at
the
fice
or
at
to principal
and int. pay¬
as
Prin.
City Treasurer's of¬
the
Chase
Bank, New York.
Feb, 1, 1951.
any, above par
1952
may
six
a
be submitted
issues.
bid
Separate
on
Bidders
specifying:
of
interest
National
and
each of the
must
(a)
bids
submit
the lowest
premium, if
at which the bid¬
r.
J
.
•
,
/
.f
provement' bonds.'
,
;
.
'68,763^4 5-year serial delinquent
■7
tax bonds.
! /
Mortgage
moratorium
Bank ,of' Yonkers
purchased oh *
April 22 an issue of $600,000 notes
Senate, and under existing at 0.60%. interest. Dated
April 29,
Buffalo, N. Y.
(
law a l%r amortization will be -res1942; Denom^$100,000! Due March
; Comptroller
Seeks View On
quired,'.beginning next July I, on 29, 1943.' Legal opinion of Haw¬
Negotiable Securities — In the
all mortgages heretofore protected
kins,
Delafield
April 1 issue of the Buffalo "News
Longfellow,
from
foreclosure
by^.the /mora¬ New-York City.
Letter," Frank M. Davis, City!
/;;•'/
/ !
torium which has been in effect
Comptroller inquires as follows:
since'. 1933. v • i-/
/V 7
Will expert readers kindly
give
[
.
was
killed
on
April 16
in the
.
,
.
me
the
benefit of their comment
on
the
following
query:
Should
city official, "charged with the
a
investment of Sinking Funds,
der
circumstances
any
urt4
purchase
from such
are
funds, securities which
registered but on the con¬
not
trary
livery?
negotiable by mere de?
I recently felt obliged to
decline
to
are
invest
Sinking
Fund
monies in United States
Treasury
(6 months—1/2%) be-r
Certificates
the
cause
Government
had
dej
cided not to make these available
in registered form.
<
•
j
Fulton, N.Y.
Bond Sale—The $92,000
coupon
or
17
were
lows:
are
described
as
water
bonds.
Due
$1,000
■
77-!777:
:
0: :;:v
V
Vi j
20,000 hospital bonds. Due $1,000
on April 15 from 1943 to
1962
incl.
7,7
7;
,.
.
11,000
public
works
projects
bonds. Due $1,000 on April 15
1953 incl...
from 1943 to
All
of the
April
15,
Prin.
and
„
bonds will be dated
1942.
int.
Denom.
$1,000.
(A-O)
Bladenboro^N.
York
City.- The bonds
are
♦Additional
April 17 three bills relating to the
tax on transfers, of stock, spon¬
sored in the Legislature by Assemblyraan.v Maurice 7 Whitney,
Rensselaer
County; Republican
and Chairman of the Assembly
Taxation
Committee.
public
officer
a
incl.
Interest payable
Buncombe
deliv¬
is f
tion with the
per¬
J»X
7
,;
>
County (P. O. Ashe-,
ville), N. C.
I://to
trustee ?>Bonds Purchased
to5 Secure
It
$10,000 re¬
funding ; municipal improvement |
bonds which are being exchanged
—v.! 155,
p.
1564—are /5s,; are.!
dated Jan. :1, 1941,/and mature .,
$2,000 on Jan.. i in 1957 to 1961/
pursuant
statutory-provision/ to
or
and
—
the
stated
'?;/
transfer
Information
that
how
/ One exempts from stock trans¬
—
In
connec¬
call for tenders
on *
April 15,: of the refunding bonds,
it is stated by Curtis Bynum, Secof the
transferer mr depositor^ with spe¬ retary
County Sinking
cific provision as to transfer to Fund Commission, that the fol¬
lowing bonds were purchased by
lenderr custodian or nominee be¬
: /
ing stricken out of the law."'- • '' their respective funds: ,>
County of Buncombe refunding,
-A second exempts from regular
formance of obligations, and also
re-transfers
or '• redeliveries
to
-
-
v
-•
"
shares
or
at 38.70.
County of Buncombe refunding,
Series 2, $5,000, at 48.00.
" 7
City. of Asheville general re-
certificates from a cor¬
poration to its registered nominee
or from
one
nominee to another
.
funding, $32,000, at 38.70.
*.
~"
City of Asheville Local Tax
if they continue to be held for the
School District
same purpose as if. retained by the
refunding, $8,000,
at 38.70. 7 7
7
/ '
;
corporation, or transfers from a
strikes: out
Z
$50,000,
and 7 emergency 7 stock
transfer
taxes - deliveries or transfers of
payable,at
the Continental Bank & Trust
Co.,. nominee,, to
New
Extension
•
eries ' of v certificates
April 15 from 1943 to 1952
incl.
Approves
fol4
fe .:. 7:'. !r'
•
$51,000 home relief bonds. : Due
April 15, as follows:- $5,000
from 1943 to 1945 incl., and
$6,000 from 1946 to 1951 incl:
on
Governor
fer taxes the
•
10,000
:
Alamance County (P. O. Graham),
Commission—Governor /vr:":-?; 1 .77.: N.
Lehman has approved the Moffat :
Bond -Issuance Contemplated— i
Bill as Chapter 444, Laws of 1942,
It.v is .stated by C. M. Williams,
Clerk, .Board of County Commis¬
temporary State. Commission for sioners, /in connection with thethe
study, codification/and re¬ $200,000 hospital bonds that car¬
vision of the laws relating to mu¬ ried -at a recent*
election, - some
nicipal finance and making an ap¬ progress is
being made with the
propriation for ;the expenses,-of project and the bonds will
prob¬
such commission./(A. Int.
1920, ably be placed on the market in
Print No. 2360.)
J/S _: 77.!; about 90 days!
-*y r " T //
/
Three Stock Transfer; Tax Bills
S i i
C.
Eigned—The Governor signed on r
,
of Moffat
v;
„
The bonds
rate
Interest F-A.
in
1962.
Haupt & Co.,
New
York, at a price of
101.75, a basis of about 4.03%!
Dated Feb. 1, 1937 and due
to
$2,000
150,000 municipal airport bonds.
Co..
price of
100.25, a basis of about 3.97%.
Dated Dec. 1, 1936 and due
$50,000 on Dec. 1 from 1950 to
1953 incl.
Interest J-D. 7/7
10,000 Neptune Twp., 4y4% genat
im¬
—
legislation
1.396%.
opening "and
/
the/ successful bidder may,
his election, be relieved of his
Shelved
.
1951,
street
as
,
$100,000 Gloucester Twp., 4% rey
funding bonds sold Oct. 6 to
-7'
at
provement bonds.
170,000. 5-year 'serial public .im-
•
registered bonds offered April
awarded to Wood, Struthers & Co., New
York, as' 1.40s, at a
price of 100.0228, a basis of about
29,000
,
"
to
77:
the
tax
.
provement bonds. Due July 1,
follows: $1,000 in 1945 to
New Jersey (State of) '
:
Sold—Christopher H. Ellin, Secretary of State Sinking
-Fund
Commission, reports that
-the $606,000 registered local mu¬
nicipal bonds unsuccessfully of¬
fered on June 3, 1941, were sub¬
sequently sold during 1941, as
Bonds
;*follows:
1945
public playgrounds and
parks bonds. Due July 1, as
follows: $1,000 in 1945 to
1960,
and $2,000 in 1961 and 1962.
v
'
;
1,
20,000
*
i
and
by
.
*
'jointly,
;
of any Federal income
law,
net interest cost of about
a
type and char¬
be: taxable
as
.
*
terms
price of
a
same
acter/shall
on the bonds divided:.$20,-J
obligations under the contract to
3^s, due $2,000 from April purchase the "bonds and in such i! 49,573.78 5-year serial delinquent
tax bonds:•
15, 1943 to 1952; the. remaining case the deposit
7
accompanying his
200,000
10,-year serial, welfare
$20,000 as 3V4S, due $2,000.from bid will be returned. •
"J
7bonds.
t'; •
April 15, 1953 to 1962. Purchaser
New York {State of ) "
to defray cost of legal
approval
Yonkers, N. Y. -i;;-//
and preparation, of bonds.
//.Mortgage Moratorium Proposal 7 Note Sale—The First National
' I
000
NEW YORK
-
May 19, by Ida V. Malone, City
Clerk, for the purchase of the fol¬
lowing coupon bonds aggregating
Bond
Zpon
for
.
,
..
:
Swannanoa Water
corporation.
It
and, Sewer
reference to lenders District refunding, $9,000, at 38.00.
the
,
V
J
Volume 155 v Number 4067
"£■' >V
.
V
t"
THE COMMERCIAL & FINANCIAL CHRONICLE
f/M
"jf. * y:
,and Sanitary (bidder-offering - to * purchase; the
I
$51,000, //at! bonds: at: the: lowest 'Interest cost
Mm various:?
price^.r^.^«
1 to the city, such cost to. be; deter¬
mined ^ by 5 deducting the: total
~JOCR80tlt:/iiy \?
amount of the premium bid from
Information -r-. It
•the, aggregate amount of- interest
V/.Y.X /, A dditional
now stated that, the $50,000 .water
upon all of the bonds, until their
■y? and sewer refunding bonds which respective maturities; .: No bid of
are-being exchanged—vc; 155,, p. Hess than par and accrued inter¬
ri
'; 1564—are
4s,, are^ dated June Ji, est will be entertained, yy 'Sfc&tS:
i'y^i 1941-, and mature on;June 1; ■$!,- I i;Bids. must be accompanied by a
■£. y .L 000 in 1942, $1,500,v-1943 ,to .1949, .certified check upon; an incorpo¬
trust company,
y ;y $2,000; 1950 to 1957, ahd^ $2j500 rated " bank or
in
1958. to ,1966, : .Interest pay¬ payable unconditionally to the or¬
yt; * :■
Various
*
■
.
■
;
win:, .-City;! Auditor/ will
sealed: bids
able J**D";i.,'»y'
JacKaon
MM-'
M
*
*.»/■ ■
^
■
"
1
County (P. O.Sylva),
-r-jiyc* ^
-:t\"
v
v"
Bond Offeririg
Mil* "]M;:ireceived^iiftU]/'JI/a!nh
(EWT), • on April 28, : by W./E.
Easterling, Secretary of the Local
;
Government
Commission,: at his
Raleigh, for the;purchase
of $361,000 road and bridgfe re¬
■;,4w. funding bonds. Dated May 1, 1942.
Due on May 1; $20,000 in 1958 and
1959, $23,000 1960 arid 1961, $34,000 1962 and 1963, $39,000 1964,
$40,000' 1965 arid; 1966, and $44,000
i'-v1967. arid. 1968, without, option of
prior payment. - • There will be no
auction; : Denom; $l,,000; prin; and
int.
(M-N 1) payable* in lawful
money ;irf New York City; coupon
bonds registerable as to principal
only; general obligations; unlim¬
ited tax; delivery at place of pur¬
chaser's choice. ;:!
•;
;
Bidders are requested to namg
the interest rate' or rates, not ex¬
ceeding 6% per annum ; in mul¬
tiples of; ^4 of 1%. Each bid may
name
one
rate for; part of the
bonds (having the earliest matur¬
ities) and another rate for the
balance; but rio: bid may name
more
than two rates, and each
bidder must specify in his bid the
office in
-v.'; •.
.
,.
„
,
receive
1952
Interest A-O.
incl.
A
& The
-
bonds
approved
-were
of
the
taxing
authorities
at
the
.
i
of $15,000
fire department ap¬ quired.
paratus bonds.
• (The above issue, was previousr
ly offered on April .4 and all bids
Bluff ton, Ohio
were rejected.)
" * ' *
Bond Offering—Wilford O. Gei-
Village Clerk, will Miami.
Deputy
Rural School District, Ohio
bids until noon on
§ Other Bids —The $10,000 im¬
for the purchase of $7,950
provement bonds awarded April
13 to J. A./White & Co., Inc., of
receive sealed
May 1
fire department
Bidder
to
equipment bonds.
rate
name
of
interest,
Cincinnati,
limitation for bonds
issued
to
1/1/34. { This
action
as
the; result of
several
of
the
was
prior
Supreme Court be¬
with the Brooklyn case
Bonds
that
reported
State Su^.
.
Report On Bond Default Situa¬
against
note
pre-existing debts.
The
obligations were incurred
prior
to
the
adoption
constitutional
not
limitation
therefore
subject
of
either
and
are
thereto.
to
such limitation..
"A
15
mill
tax
tion—It
was reported on April 15
by Owen L. Fry, City Treasurer,
that all paving districts in the
above city are in default.
Gen¬
eral
ing
Such obligations may be extended
and continued without reference
limitation
was
.
-
'
obligation bonds are in a
position. Bonds of Pav¬
Dist. No. .10'were refunded
and
now
current
closed
the district is being fore¬
for
non-payment of taxes.
Muskogee, Okla.
Offering — Sealed
be
bids
received
Bond
will
p.m.
April
until
7.30
27
(today), by R. L.
Clerk, for the pur¬
following bonds ag¬
gregating $445,000:
$120,000 water works bonds. Due
$15,000 in 1945 to 1952 incl. •
120,000 sewer extension bonds.
Due $15,000 in 1945 to 1952
/x/ incl.
^
My. /fMMXJMyyM
95,000
fire-department bonds.
Due $12,000 in 1945 to 1951,
: /
-and $11,000 in 1052. •
33,000 hospital repair bonds. Due
!
^ $4,000
in 1945 to 1951, and
on
Davis,
-
City
chase of the
.
•
,
1
/ $5,000 in 1952.
;
55,000 hospital building addition
bonds.
Due $7,000 in 1945 to
1951, and $6,000 in 1952.
.
22,000 hospital (colored) bonds.
Due $3,000 in 1945
to 1951,
.
.
...
and
•
.
is
14,.. the
new
r
..
April
on
preme^ourt issued an injunction
prohibiting/the city from con¬
widely structing a
$60,000 municipal light
publicized "Hudson Case" decided
and power plant with bonds voted
in 1938, Which held that "The in¬
at an election on Sept; 27, 1938. > v
hibitions of Section 2, Article XII,
are directed against new and not
Frederick, Okla.
i
nating, perhaps, in the
........
v
Invalid—It
handed down in 1933 and culmi¬
.
,.
Rhodes,; of Kansas City.
Erick, Okla.
decisions
Ohio
ginning
zell &
taken
as
...
000
•
2V4S, at par plus a written into the Constitution of
expressed in multiples of 44 - of premium
of
$93.19, ; equal
to Ohio effective Jan. 1, 1931 and
1%/ Proposals must' be aCcom^ 100:93," a basis of about 2.15%-— this was amended and
reduced to
amount of bonds of each rate. The panied by a certified check for V; 155;
p. 1564^-were also bid for a 10 mill limitation effective Jan.
bonds will be awarded to the bid¬ l/10th of the amount of the bid, as follows:
1,1934. Since the city of Colum¬
der offering to purchase the bonds payable to order -of the - Village
Bidder— J
int. Rate
Prem.
bus was upheld in its action, there
Weil, Roth & Irving Co
2>/2%$84.00
at the lowest interest cost to the Treasurer;
should "now be no question that
Seasongood.& Mayer
37.85
Provident. Savings
Bank. &
'
county,; suchcost tq be deter¬
bonds
representing a debt in¬
Clarington Village School District, ■i Trust co.
3%
*
r 21.00
mined 1 by
deducting " thev total ^
Woody. &
Heimercurred
prior to 1/1/31 may be
Ohio;:M
•/ Walter,
amount of the premium bid from
dinger '.*.:.-.v.;'• WV/o
68.68
Bond Offering—A. L. Breisford,
paid from taxes levied "without
the aggregate amount of interest
limitation as to rate or amount,"
Clerk of the Board of Education, yyyry-.Middleport,Ohio.
>
upon all of the bonds - until their will
Bond Sale—The $35,000 coupon and if representing
receive' Sealed bids Until: 8
a debt in¬
respective maturities, No bid Of
building construction curred between 1/1/31 and 1/1/34
p.m.
(EWT) on May 141 for the municipal
less than par and accrued inter¬
purchase of $5,000 not to exceed bonds offered April 18 — v. 155, from taxes outside the 10 mill
est will be entertained.
£
'
4% interest delinquent tax bonds. p. 1370 — were awarded to the limitation but within the 15 mill
Bids must; be! accompanied by a
Dated May 20, 1942. Denom. $500. Ohio .Co. of Columbus, as 2s, at a limitation effective during
that
Certified|check; upon an: incorpo¬ Due $500 on May 20 from 1943 price of 100.22, a basis of about period. Upon request we shall be
rated bank or trust company, pay¬
to
1952
inch;;: Interest
payable 1.98%.y Dated April 1, 1942 and glad to furnish further informa¬
able unconditionally to the order
semi-annually: oh May 20.: Bidder due Jan. 1, as follows: $1,500 from tion to those wishing to inform
of the State Treasurer for $7,220.
1944 to 1953 incl. and $2,000 from their
local taxing authorities of
may name a different rate of in¬
The right to reject all bids is re¬
these decisions."
terest, expressed in a multiple of 1954 to 1963-incl. Other bids:
served. The approving opinion of
Bidder—
ir.; -. /
Int. Rate Rate Bid
V4 of 1%. A certified check for
10186
Warren, Ohio
Storey,
Thorndike, - I Palmer
& 5% of the amount of the bid, pay¬ Braun, Bosworth & Co....... 21,/4%
Walter,
Woody '* <Sc
Heimer-.
'
Bond Sale—The $68,271.83 cou¬
Dodge, Boston, will be furnished able to order of the Board of Ed¬
dinger, and Nelson, Brown- v • ' /
v ing
& Co.
;;v.2\'i%
100.10
pon general improvement refund¬
the purchaser,
ucation, is required.
Printing of Weil, Roth & Irving Co..,., 2J/2%
101.64
ing bonds offered April
15—v.
In the event that prior to the
100.43
the bonds will be furnished by Stranahan, Harris &-Co., Inc. 2\'2%.
Lowr.v Sweney, Inc.;.
" 2$%
100.10
155, p. 1370—were awarded to the
delivery of the bonds the income the Board of Education.
Provident
Savings
Bank
&
Ohio Co. of Columbus, as I^s,
received by private holders from
Trust
Co.
2%<ft
101.27
Fox, Reusch & Co.......
2%%
101.11
at par, plus a premium of $457.50,
Coshocton, Ohio
V
bonds of the same type and char¬
Citizens
National
Bank
of
equal to 100.67, a basis of about
acter shall be taxable by the
Bond Offering —' W. J.; Beall,
Middleport a....2%%
Par
1.02%.
Dated May 1, 1942, and
terms of any Federal income tax City Auditor, will receive sealed
.; Ohio (State of)
due as follows:
$7,271.83 April 1,
law, the successful bidder may, bids until noon (EWT) on May 6
Letter Emphasizes
Importance and $7,000 Oct. / 1, 1943; $7,000
at his election, be relieved of his for the purchase of $33,511.04 3%
Of Court Decision to Local Units
April 1 and Oct. 1 from 1944 to
obligations under the contract to coupon street improvement bonds.
^—J»' Austin: White of J. A. White 1946 incl., and $6,000 April 1 and
purchase the bonds and in such Dated May 1, 1942. One bond for
& Co., Cincinnati, has furnished Oct.
1, 1947. Second high bid of
case
the deposit < accompany his $511.04, others $1,000 each.
Due
us a.copy of a letter Which is cur¬
100.21 for 1V4S was made by Field,
Nov.
bid will be returned.;
1, as: follows: $3,511.04 in
rently being distributed to the Richards & Co. of Cleveland.
1943; $3,000, 1944; $4,000, 1945;
Thomasville, N. C.
firm's clientele dealing with the
$3,000 in 1946 and 1947; $4,000,
Waverly, Ohio
decision rendered March 4 last by
Bond
Offering — Sealed bids
Other Bids—The $58,000 sewer
1948; $3,000 in 1949 and 1950; $4,the Ohio Supreme. Court in the
will
be
received until, 11
a.m. 000 in. 1951 and
assessment bonds awarded April
$3,000 in 1952.
(EWT),' on April 28, by W/:E. Bidder may name a different rate case of "The State,,ex rel. Markel 13 to Stranahan, Harris & Co.,
et a!.r: v. City of Columbus, et al.,".
Easterling, Secretary of the Local of interest, expressed in -a. mul¬
Inc., of Toledo, as 2s, at par plus
Goverpment Commission,.at his tiple of. 3/4- of 1%. Interest M-N. The court, according to the letter, a premium of
$362,
equal to
Office in Raleigh, for the purchase A
authorised the City of Columbus
certified check for $750, pay¬
100.624, a basis of about 1.93%—
to levy a tax outside the Consti¬
of
$60,000 public
improvement able to order of • the city, is re¬
W 155; p. 1564-r-wer^! also bid
tutional ten mill limitation to pay
bonds;; Dated Jan. 1, 1942., Due quired. Legal opinion of
fof as follow^:.
Squire,
/
principal: and; interest requirebn Jan. 1; $2,000. in 1943 and 1944, SandersiV&
Bidder—"
* >
Int. Rate;
Prem.
Dempsey! of Cleve¬
ments on! bonds' issued prior to Ryan;;Sutherland & Co...... 2%
'
$347.00
$4,000/1945 to, 1953, and $5,000, land, will-be furnished the suc¬
2%
166.00
Jan.: 1, 1934, the date the afore¬ Braun, Bosworth & Co
1954 to 1957, all inch, without op- cessful
Paine, Webber & Co
.-.
2'/a%
1,085.20
bidder, without charge.
2\'27« "
1.O39.0O
mentioned limitation became ef¬ J. A. White &• Co.
lion of prior payment.-There will
(Above report of the offering
Provident Savings Bank &
;
'
;
r
fective. This decision, it was said,
be no auction.
Denom. $1,000; corrects that
Trust
Co.
iVt%
652.50
previously given in
2V2%
631.00
particularly if brought to the at¬ Weil, Roth &. Irving Co
prin.; and int.- (J-J)' payable in v: 155, p. 1564:)
Pohl & Co
23.i%
lSe.fi*
r
§
'
lawful money in New York/City;
iyy'-ir ■■'r
',v?: tention *. of ;• taxing ' authorities Walter, Woody :& HeimerdingerS'A1^
511.60
Green Rural School-District^ (Pi O. throughout the State of Ohio, will
coupon bonds registerable; as to
OKLAHOMii
4 go a long way in alleviating the
principal only;:: general- ;obliga-r 1 ili WoodsReld,. R, 'D.. S), Ohio
Cherokee, Okta»
lions; unlimited tax;;delivery-at M Bond > Offering^-C.> =W;r Norris; financial difficulties of local units
Bonds Approved—It is reported
Clerk of the Board of " Education, that! have been unable, because
place Of purchaser's choice.
? •
that at a recent ejection ,$25,000
! Bidders are requested to name will receive: sealed bids: until;? of the! 10-mill limitation, to find
all
their not exceeding 5% sanitary sewage
the interest -rate or rates, not ex¬ p.m. on May. 12 for the" pur chase sufficient -income for
system construction, bonds carried
ceeding 6% per annum in mul¬ of $2,000 not to exceed 4% in¬ operating, and debt service re¬
by. a vote of 332 "for" to 13
tiples of 14 - of 1%. Each bid may terest funding bonds;. Dated May quirements."; In this connection,
/'against./
• v
name
one
rate for
part of the 15, 1942. Denom. $200; Due $200 we. quote from the letter, in part,
>4
'
Durant, Okla.
bonds, (having the-> earliest ma¬ on May 15 from 1943 to 1952 incl. as follows:,.:,,
"Many such subdivisions, par¬ / Bond Election—We understand
turities) and another rate for the Interest annually-on May 15;: A
that an election has been called
balance, but no bid may name certified check; for;-5%> of the ticularly/small; school/ districts
more
than two rates, and .each amount- of x the bid) ♦ payable- to and communities whose officials for May 5, to submit to the voters
bidder must specify in his bid the order of: the Board of Education^ have not. been kept fully abreast an issue of $150,060 not exceed¬
amount-of bonds of each issue. is required.
Board will1' furnislii of recent ' court decisions;: have ing 5%;semi-ann. airport site pur^.
chase and equipment bonds.
/
The bonds will be awarded to the printed bonds,
vi,..
> been suffering financial difficul¬
^
,
re-"
is
which
,
ger,
S,ale- Details—It
ported that the $150,000 semi-ann.;
airport bonds- sold to a groupheaded by Soden & Co. of Kansas
maturing April 11, 1945, as
2V*s, $20,000 maturing April- 11,
needs additional revenue that the 1946,
as
2s,
$20,000
maturing
Supreme Court has ruled, in ef¬ April 11, 1947, as l%s, and $90,000 maturing April
fect, • that, whetherf- bonds were
11, $20,000 in
voted or not, in fact, even special 1948 to 1951 and $10,000 in
1952, '
assessment bonds, or bonds issued as 1V4S.
? /
for refunding purposes, may be
Dated April 11, 1942.
Denom.
paid from taxes levied outside the $1,000. Prin. and int payable at
10 mill limitation, provided the the fiscal agency of the State in
bonds were issued prior to 1/1/34, New York City. Direct obligations
or, in the case of refunding bonds, of the city and payable as to both
provided the original debt were principal and interest from ad
incurred prior to 1/1/34.
valorem
taxes ; which
"The city of Columbus, and the levied without limit as \ to rate
Budget Commission of Franklin or amount. Legality to be ap¬
County, had included in the tax proved by King & Fagin, of Ok¬
rate a levy'.outside the 10 mill lahoma City, or Bowersock, Fizof ; any : such. subdivision
.
sue
standing bonds
tention
cer¬
tified ^check for $1,500 is required.
?
November, 1941, general elec¬
tion: :j^ndi- the j k approving legal
opinion, of
Squire,
Sanders
der-of the State Treasurer of $1,- Dempsey of Cleveland; will be
furnished the successful bidder.
.200;. The right to reject all bids
is reserved- The approving opin¬
range, Ohio;
ion of Reed, Hoyt, ;Washburn &
Bond Offering—M. B. Halliwill,
Clay,; New York- City, will: be
Village Clerk, will receive sealed
furnished the purchaser, £ yMy:.,
bids until noon. (War time)
on
/:In. the- event that prior, to the
May 2 for the purchase of $4,000
delivery of the bonds the income 4%
village. portion
street im¬
received; by..private holders from
provement bonds. Dated April 1,
bonds of the same type and charr
1942." Denoms, $500 and $250. Due
acter
shall ; be taxable • by the Dec.
1, as follows: $250 in 1943;
terms of any Federal income tax
$500,;1944; $250,; 1945; $500, 1946;
law,', the successful /bidder may; $250,
1947;: $500, 1948; $250 in
at
his
election, be., relieved r of
1949, and $500 from 1950 to 1952
hia ioblUatiohs!2uhdei:; the: con¬ incl. Bidder
may name a different
tract ;to purchase J the! bonds; and rate Of
interest, expressed in mul¬
in. such case the deposit/accom¬
tiples.Of1^ of l%. Intereet J-D.
panying his :bid will be returned. Village will. furnish at its own
expepse the approving legal opin¬
OHIO
ion of Squire, Sanders .& Demp¬
M
Bedford Townthip, Ohioy ■ ' sey.. of Cleveland.
A certified
! Bonds Voted-^At-a recent elec¬ check for $50, payable; to order
tion the voters authorized an is¬ of the Village Treasurer, i is re¬
.
,.£/ Reno, Okla. '''■r''!";!/
Bond
—
side the 10 mill
May 4
on
the
purchase of: $150,000 3%
storm sewer system bonds.
Dated
.
,.r» ■«.".>»,
until-nooh
principally because they have
believed it-necessary to pay from
their share of taxes allowed in¬
limitation/ all out¬
the tax levy for
which had not been-specifically City, at
a
net; interest cost of
Feb. If 1942.- DenOm.' $1,000.- Due voted-outside the tax limitation. 1.44%, as noted here—v.
155, p.
$15,000 on Oct 1 from- 1943 to It should bb brought to the at¬ 1564—were sold as follows: $20,-,'
for
.
'*
ties
t'-A'
Kent,-Ohio yy *
y>
Bond Offering—Francis J. Cur-
Schools
Districts v refunding,;'
1645
f
$1,000 in 1952;
Bidders
were
to
.
•
specify the in¬
terest rate.
.
.
Oklahoma City, Okla.
>
*
Bond
-
r
Offering
Clerk
City
Earle M. Simon states that he will
.
.
receive sealed bids until
9.30
a.m.
May 5, for the purchase of
$179,000 coupon real estate pur¬
chase, airport bonds! Interest rate
is to be specified.
Dated June 1,
on
1942.
and
Due $14,000 in 1945 to 1956,
$11,000 in 1957.
The bonds
will be offered for sale to the bid¬
der offering the lowest rate of in¬
terest and who agrees to pay par
and accrued interest.
No bid for
less'than par and interest will be
considered. / Issued in accordance
with Sections 5929 and 5930, Okla.
Statutes,
1931,
as
amended,
and
the laws complementary and sup¬
"
.
,
'
\MV-,
.
-
'
/it
.
■.
-
.
.
a
%.
A*;
Vt
4.
'
i'Vc
;*'
(
M
2^.0 i
♦
J
..in
.
j
i
r-
h.i*
1 r« 5»«. t
4>r
L'i'i -i'C-i
s
(
1 2
ct-£{
1
-
*"}■;
t
«»\
it
i-;:i "A
i
0
-
!xV
'-lid
v/'
•-V
♦L'uU;
plementary
City Auditor.
A certified check
for 2% of the amount of each hid,
payable to the City Treasurer, is
required.
-.Mm'M .''!•//
/./J
f Oklahoma: County{(P.
p
?
•' a
-
O. Okla'
-
"
homa City), Okla. Board • of
Bond* Offeririg—The
County Commissioners adopted
resolution
a
April /18, author¬
izing Helen Nix, County Clerk, to h
on
-
receive bids until May 5,
at 10.30
for the purchase of the $1/
225,000 city-county airport plant
construction bonds, approved by
the voters on April 14 —v. 155;
a.m.,
p;
1564.
less
not
Bids will be received for
than par and interest;
with- the -lowest-rate
f
i
thereto./ Proper bid¬
ding blank forms, instructions to
bidders, prospectus and specifica¬
tions may be obtained from the
interest
of
/';i
•
1-1
Monday,, Aprilr 27, 1942!
FINANCIAL CHRONICLE
THE COMMERCIAL; &
1646
V
determining, the award.
The en¬
tire issue will be awarded on the
said
date.
1
Shawnee, Okla.
J- Bond Offering—Sealed bids will
7:30
until
received
be
of, the
County
Treasurer,
is required.
Issued subject to favorable legal
opinion of Townsend, Elliott &
April 27, by J. C. Coleman, City
Clerk, for the purchase of $130,airport bonds. Due $6,000 in
of
Philadelphia, and de¬
livery will
be made to the suc¬
only if; and after
Munson
the
The
1931.
and accrued interest.
received
wise,
tax
the
3%
exceed
;
interest
the desire
coupon,
portion
to
of
will be received by A. A.
the local
facilities of 7 the
purchase
the-
■
single rate of interest;:? expressed tion and existing laws or other-' 1957 and $250 in 1958. -: ?r
in a multiple of lk of 1%.,'Inter¬ ! wise. ?•? "i:v v k s ??■«?./.■???;?>,? ■:
; v■
TENNESSEE.
est M-N.
Principal, and interest
; v
'
Tyrone School District,. Sat. l i
payable without deduction for
Harriman, Tenn.'
V Bond Offering—Luther WooinBond. '.Call? —Foreman,
any taxes (except gift,./succession
or inheritance taxes)
levied pur¬ er, District Secretary, will receive Secretary and .Treasurer of the.
v
-
to
suant
law
present ? or .future
of
any
sealed? bids? until?? 7'■■■;
the' Commonwealth
of
p.mlU" (DST) City Powen Boards 1^; calling; for
payment on June, electric system
on
April 27' for. the purchase-of
The bonds will be $25;000 1^2%, 2,V2^, 3 :or, 3V2%cludes* these bonds, will, at the Pennsylvania.
printed bonds.
Enclose a certi¬ election of the purchaser, relieve sold" subject to appro vat/ofv?the coupon,? registerable as principal
fied check for 2% of the amount
the
purchaser from his obliga¬ authorizing proceedings' • by the only, funding bonds. Dated April
of the bid.
tions under the terms of the con¬ Pennsylvania Department? of In-# 15,; 1942.
Denom. $509. . Due $2,*:• (These
bonds were originally tract of sale and entitle the pur¬ ternal Affairs. ; A certified check 500 on April 15 from 1943 to 1952
scheduled for sale on April 15,
chaser to the return of the amount for $3,000:, payable to -order of the incl.. Bidder to name a single rate
as noted here—v. 155, p.
1463.) v
City Treasurer,; is required. Legal of-interest for all of the bonds. It
deposited with the bid.
opinion of ? Burgwin,?. Scully ? & is-provided : that on any interest
Crafton School. District, Pa.
;
OREGON
Churchill of Pittsburgh" will' be : payment date subsequent to April
Bond
Offering — Stanley tH.
furnished the successful biddeiV"; 15,, 1945,. the district reserves the
Riddle, Ore..
Ma-lone,. District Secretary, will
.In the event that prior to;the right to redeem unmatured bonds
! Bond Sale—The $14,000 semireceiver sealed bids, until 8 p.m:
ann.
city bonds offered for sale
delivery of the bonds the/ income up:; to a i maximum of $2,500, ., by
(EWT) on May 11 for the pur¬
received by private holders from, giving sixty days' prior notice of
on April 13—v. 155, p. 1462—were
chase
of $30,000; coupon
school
bonds of the same type-and.char¬ its intention to redeem the bonds
awarded to the Charles N. Tripp
bonds. Dated June 1, 1942. Denom.
Co. of Portland, as 3V2S, at a price
acter
shall
be
taxable ! by
the by^ublicatiqb
the Tyrone
$1,000. ? Due June 1, as follows:
of 100:17, a basis of about 3.46%.
terms of any?Federal ihcoiriei tax vDaily' Uerald." , Such bonds, if
$3,000 from 1944 to I947> incl.; $4,Dated June 1,. 1942r
Due $1,000 000 in 1948 and
law, the successful bidder may,, at called, to be those last maturing.
1949, and; $5,000
his election, be relieved of his ob¬ Bonds will' be payable from taxes
from June 1, 1943 to 1956: callable
in 1950 and 1951. Bidder to name
on and after June 1, 1947.
within
the
taxing
limitations
the rate of interest in a multiple ligation under the contract; tb: ^ur|
chase the bonds and; insucR? case placed by law upon school dis¬
:
of. %; of. 1%
Prin. and" semi-ann;
i< ■.
Springfield, Ore.
the deposit accompanying his bid tricts >bf this xlass.; Interest A-0
Bond Sale Ordered—We under¬ int; will be paid free of all taxes
of
class
a
character which in¬
or
successful bidder shall furnish the
Grove,'
Board of Education,
Clerk' of the
registerable as to principalj only, ;Citizens ;?? W a t e r
Company;
of until'8' p.m.*? on May 1, for theseries" of
1942; funding bonds:
jScottdale,: pro v M e d sufficient purchase of $9,000 3%- refunding:
Dated May 1, 1942. Denom. $1,000: funds- for? that purpose; can be bonds; /Due on July "P as follows:*
Due $30,000-:on May .1 fromf 194$ 'raised
by -issuance of bonds as $750'fromr 1945" to 1949, $700: from
to 1947- incl.;
Bidder;: to name,' a provided by the State Constitu¬ 1950 to 1954,* $500 from- 1955 to
to a Federal iminterest on bonds
subjects
come
the
that
condition
on
to
time prior to the delivery of
bonds, of Federal legislation
which in terms, by the repeal or
omission of exemptions or other¬
to pay par
purchase of'$150,000 not
5 for the
the
Bids will be
,
,
any
bonds shall
shall bear and agreeing
of In¬
SOUTH DAKOTA
Kensington,-Pa.
7; ^
:'/ /•'£;•;>Scottddle,,Pent'H/v
GrHeiple;, p:-:. Considers Water Plant Purchase Perkins' County I'nd. Sch. Dist. No.
51 (P.O. Bison), S. Dak. ? '!v.
-The Borough Council recently
City Clerk, will receive ^sealedbids until 8 p.m. (EWT) on'May passed
a? resolution
expressing, / Bond Offering — Sealed bids;
New
Bond. Offering— L
-
enactment, at
ternal Affairs.r The
interest the bonds
of
lowest rate
authorizing ? the
approved by the
Pennsylvania Department
the bidder offering the
be sold to
proceedings
issue have- been
1965, and $4,000 in 1966.
Issued in
accordance with Sec¬
tions
5929
and 5930 Oklahoma
to
Statutes,
bidder
cessful
000
1945
order
to
payable
for,:
on
p.m.
bonds bid
2%- off the
for
check
bonds, Series A, Nos. 208
revenue
276,. dated June" lfV19397 V' ? f
1, 1942, there will be¬
come due/: and payable on all oisaid bonds the. principal amount;
to
/
On June
•
thereof together,
plus a pre¬
should be
Bonds
5%. .:
of
mium
with accrued in¬
date called,
terest to
payment; at the
Go., New
presented'/for
Chemical Bank & Trust
York,,
National
Hamilton
the
or:
Bank, Knoxvile.. Bonds should be
surrendered with all subsequent
CQuppris to June 1; 1942,, attached*
Interest, ceases on date- called.
t
..
TEXAS
Amaritto, Texas
Bond Sale—The following semiSeries of 1942 bonds, aggre¬
ann.
.
,
gating $670,000^? offered? for ?s^ile
$500, on " April 21—v. ? 155, p. 1565—•
,
Council
City
the
that
stand
under
levied
re¬
present
any
or
fu¬
cently ordered the sale of $15,000
street, sidewalk, and sewer bonds.
These bonds carried at an elec¬
PENNSYLVANIA
Allegheny County (P, O. PittsJ -''| * - burgh), Pa.
:?■
Bond
Offering — Robert G.
•*'
■
Woodside, County Controller, will
sealed bids until 11 a.m.
receive
(EWT) on May 5 for the purchase
of $5,800,000 not to exceed 3%
interest coupon bonds, as follows:
$1,550,000 series 49 road bonds.
500,000 series 11 park bonds.
7
350,000 series 6 airport bonds.
100,000 series 13 building im'
■" ?
'
<
:
by
of
ment at the First National Bank city council last
of Erie.
1
I
dated May 15,
and mature on May 15 from
They
$95,000 from 1943 to 1952 incl.; i
$80,000, 1953 to 1962 incl: and !
$75,000 from 1963 to 1972 incl.
1938
are
1943 to 1947 incl.
,
series
3,300,000-
uncollected
3
*
>
nually
May
on
:
7:'
1950
callable
to
in
their
•
inverse
number,
on
May 1, 1947, or on any inter¬
est payment date thereafter.
The entire
E.
-incl.; are f bids until 10 a.m. (EWT) on May
12 foti the purchase of $148,000
1952
part
in
of
order
Vincent
—
Hartnettv Director
of Accounts
Finance, will receive sealed
1943
1, from
Offering
Bond
Bonds maturing •I and
to 1952 incl.'
from
Johnstown,, Pa.
)
$330,000 an- !
taxes bonds. Due
$5,800,000 bonds are
1, 1942.
May
originally
1
.
posals must be accompanied by a
good faith check in the amount of
$116,000, rather than $136,000.
Cambria
■
County
;
Bond Offering—Dennis L.
West-
ent
or
future
the
of
law
monwealth of Pennsylvania,
to
agrees
pay.
• ■
bonds
bid
payable to order
is required.
Issued subject to favorable opin¬
ion of Burg win, Scully & Church¬
ill of Pittsburgh, and. subject to
approval of the Pennsylvania De¬
partment of International Affairs.
The enactment,.-at any time prior
to the delivery of the bonds, of
to specify one of the above-men¬ Federal legislation which in terms
tioned interest rates for the en¬ by the repeal or omission of ex¬
tire issue. Payable from unlimited emptions or otherwise, subjects to
or
ent
or
wealth
which
and
future law of the Common¬
of
Pennsylvania,
taxes
agrees
the
to
county
pay.
A
all
of
2.21%:
of
the
monwealth of Pennsylvania, all of
which taxes the; district assumes
and; agrees
.fo
..
,
Due
on
Nov. 1 in 1947 to 1959-incl.
Due" on Nov. 1 in 1948 to 1958
Municipal
County
•
bonds.
airport
75,000 street improvement bonds.
pay.
.
Westmoreland
,
,
$100,000
Com¬
-
Authority (P. O. Greensburg), Pa.
'• •
.
'
.
\
.
420,000 water works bonds. Due
named /
Commissioners?; recently
;
Nov. T in 1948 to 1958 incl
on
County
j' Agency Members—The
incl.
75,000 sanitary sewer bonds. Dbe
,
on
Nov. I in 1944; to 1956r incl*
the: members of the above author-
Brownwood, Texas
ity,Iwhich; is reported to have the
Sale
Bond
to sell, bonds and help local
power,
finance
Manager
the pur-
Details
—
The City
sold to
other pro^ Mahan, Dittmar & Co. of San An¬
tonio—v.
155,i
the bonds
p. 1465—were pur¬
price of 102.00, a net
of about 2.76%, on
as folldws:
$9,000 as
2%s,.
on-
chased at
ISLAND
RHODE
$75,000
the
that
states
construction bonds
school
interest
Johnston, R. Il
Bond Issue Reading—The House
for,
bonds
which
at. the
of
a
class
or
includes these bonds, will,
election
of
the purchaser,
from his
obligations under the terms of the
relieve
contract
the
of
purchaser
sale
and
entitle
the
assumes
purchaser to return of the amount
certified deposited with the bid.
Corporations Committee
on
a
cost
due
March
15;
$1,000,
1943 to 1945,
April
-
Second National Bank of Boston,
applied
toan-
Municipal
the
ported
Court
Yard;
must pay the
.
it was said, as Schaller's
had
announced ?? that
attorneys
they would take that step in event
the State's highest-court: re¬
that
to
the
hear
case.
> When
firstv?argued
in a test case brought by the city,
it way estimated that Federal em¬
Schaller's
was
case
ployees would pay about $2,600,000 annually to the city if the tax
upheld.
were
of
sands
0.387%.
Federal
,
■
000 notes
- the
(N. J.) Board of
to
has threatened
court
compel the city to; ex-,
empt non-residents who work in
reve¬
par
Corp.,
was
$7,000
$6,000 in
-
$135,-
1949
to
in 1943. to 1945,
1946 to 1948, $7,000 in
1954, $8,000 in 1955 to
recently sold to the
1957, and $7,000 in 1958. Optional
in
inverse
order
of maturities;
0.70%. discount. : Dated April 23,
maturing? in 1958 callable
1942 and'due Oct. 23, 1942. Issued in 1943 and 1944; bonds matur¬
under Section 25 of Chapter 329 ing in 1957 callable in 1945 .and
of v the V; Rhode; Island
General 1946; bonds maturing in 1956 call4
Union Trust Co. of Providence,
at
Bonds
Laws/
F.
Town Treasurer
for
Madeline
able in 1947 and
1948; bonds
turing in 1955 callable in 1949 and
$2,000 U. S. defense bonds
1950; and bonds maturing in 1954
the-
was
investment
sewer
fund
callable in 1951
and 1952. Princi¬
and $10,000
nance
of Reconstruction Fi¬ pal and .interest payable
Corporation bonds for the Coleman State Bank.
,
1944; sinking fund.
«
x+i. SOUTH
.V-J
/
:. ?
ma-*
authorized to pur¬
Duffy
chase
em¬
further V reported r. that
Camden County
action
West. Warwick, R, /.
J;
and water
sewer
refunding bonds sold at
to the Columbian Securities
Since then?'thou¬
additional
Freeholders
>
nue
the
McRoberts-Thomasma
Arthur
Perry
&
Co., and
Lee
Higginson
Corp., Co., both of San Antonio—v. 155,
p.
1465—are due on April 1, as
Notes Sold—An issue of
•
was-
semi-ann.
follows:
?
engineer at the Philadel¬
levy.
• -The : case
is destined", to
reach the United States Supreme
fused.
/Dated April 21, 1942 and
11,? 1942,
Other bids:
Sept.
in
ruling that Norman O. Schaller, a
Court,
due
Federal workers by 0.34%;
appeal from a Su¬ 0:36%;
Philadelphia from Washington. In
connection with the situation, it
on
now
law
future
or
court, in effect, upheld the tax as
character
duction for any
assessed thereon under any pres¬
ent
price of 100.35, a basis of about
a
or
count.
ployees have been transferred to
a
taxes,
levied
assessed thereon under any pres¬
legality of the city's rV2% wage
tax on Federal employees. ?' The
Federal income tax the interest
ad valorem taxes, and
inheritance
hereafter levied or
thereon
interest
hereafter
or;
now-
\
all of
of the City Treasurer,
or
least
perior Court decision which sup¬
.
i1/4%;;i1/2%, 1%%, 2%,
2 *4%, 2 M> %, 2%%- or 3% coupon,,
registerable as to principal only,
general
obligation refunding
bonds.
Dated
May
15,
1942.
Denom. $1,000.
Due May 15, as
follows: $30,000 from* 1944 to 1951
incl., and $10,000 in 1952. Bidder
succession
will be considered at
until July.
"< -■ - .vyv'levy
denying
cities of the third class. A
check
for r2%
of the
May 4 for the purchase of $250,-
cept
com¬
payable without
Mayor
phia/Navy
upon
without de¬
tax or taxes, ex¬
syndicate
_
Com¬
and
Bonds. payable
certified"
1%,
be
cently
taxing limitations placed by law
ceive sealed bids until
000
a
Paul, Ira Haupt & Co. of New
deduc** York,. Fox Reusch & Co. of Cin-j
lions .for? any tax or taxes, except cinnati,, and* the State Investment
succession or inheritance taxes, Co. of Fort Worth,; as 2y4S,/ paying
the
and
bonds
will
Bernard Samuel, re¬
stated' that there is little
likelihood that a change in the
but
awarded to
,
agitation in the local;/ press; thi^
year for a reduction in the rate ehase^qf Airports? and?
to 1% while certain labor groups •jects..,V;:
have
advocated outright repeal,,
marine
rick, County Controller, will re¬
2 p.m. on
.
communities to
from ad valorem taxes within the
burg), Pa.
^7
assessed thereon under any pres¬
which taxes the city assumes
(P. O. Ebens-
has '
There
year, v
• ?
been ''considerable
were
is required.
Sale of posed of C. F. Childs & Co., Paine,
bonds subject to approval of pro¬ Webber &? Co., both of Chicago^
ceedings by the Pennsylvania De¬ Stern Bros. & Co. of Kansas City/
partment of Internal Affairs. Said the First National Bank of St.
Treasurer,
$4,000, 1946, $2,000 in
1947; the remaining $66,000 as 3Sj
i%,.iy4,1V2,1%, 2,21/4, 2%, 2%
10' reported
out
withi recom¬ due on March 15; $4,000, 1949 and
or 3%
;Collections from all sources by- mended bassage; an act author¬
coupon, registerable as to
1950,... $5,000, 1951, $15,000, 1952;
principal only, refunding bonds. the city in the first three months
izing the town to issue $20,000 $10,000, 1953 to 1955, and $8,000
Dated May 1, 1942. W Denom. $1,- amounted to $54,345,279, an in¬
elementary school bonds.
in
1956.
Bonds maturing from
000.
Due May 1, as follows': $15,- crease of $5,050,735 over the 1941
1952 to 1956, optional on March
Newport, R, I,000 from?71943 to 1951* incl. and period.
,
Vc
15, 1952? Interest payable M-S;,
State: Supreme Court Refuses
$13,000 in 1952. Bidder to name a
v Note; Sale—The issue of $300,single rate of interest for all of the To Rule on Wage Tax Levy—The 000 notes offered April 16 was
Coleman, Texas
•
?
bonds*
The bonds and interest Pennsylvania Supreme Court re¬ awarded to the First National
Additional Information — It* is
fused on April 20 to rule on the Bank of Boston, at 0.334% dis¬ stated
thereon will be payable without
that? the
$112,000
2%%'
The county
planned to market an
aggregate of $6,800,000 bonds on 1
April 28.
The offering was re¬
duced by $1,000,000 and the date
of sale changed to May 5. The re¬
deduction for any tax or taxes-,
maining details of the offering, as
contained in v. 155, p. 1463, re¬ except succession or inheritance
main unchanged, except that pro¬ taxes, now or hereafter levied or
dated
Receipts ; Soar—Re¬
Tax
Wage
f
provement bonds. £*?•;
The above bonds; totaling $2,j
500,000, will mature on May 1, as
-
follows:
.
the ceipts from municipal'"! 1/2.% wage
In¬ and salary tax in the first three
ternal Affairs.
A certified check months of this year were 81%
for $600, payable to order of the ahead of collections in the cor¬
district, is .required.
District will responding, period .of 19417; The
provide the bonds and legal opin¬ sharp improvement {reflects//the
ion of RiircrWiK Scully & Church¬ high rate of employment? due to
ill of Pittsburgh.
the large amount of war plants in
the city.
Collections on- the levy
Erie* School District; Pa,
for
the4 first
quarter - of
1942
Bond Call—C? A. Sapper, Secre¬
amounted; to $7,081,739/ compared
tary of the Board of Directors,
with $3,907,347 a year ago. .7
reports that 2V4% operating rev¬
If collections continue? at : the
enue, series of 1938 bonds, No. 117
present highly satisfactory? rate
to 280, incl.,. are called for pay¬
during' the remainder bf the year,
ment on May 15
at 102 plus ac¬
the city stands to collect in: the
crued interest. > The bonds, to¬
neighborhood
of '3; $28,000,000,
gether with all unmatured couwhich would be $8,000;000 in exr
pons, should be presented for paycess of the estimate agreed on, by
proceedings
Department
approval of
Pensylvania
tion last November.
; •
Issued subject to
A certified check for
returned.-^
/
/r 15.
Philadelphia,rPa. ,! V / '7 payable to? order of the District
..
ture law of the Commonwealth of
Pennsylvania.
will be
■•••:•
7..
Bond
■
Bishopville, S. C.
by?r. J.:
v. ?
he will receive sealed tenders
In
til
.y
un¬
April 15, it is
Funds in the amount of approxi¬
K.
•
Heriot,
—
Town mately
Clerk,-, that bonds were: tendered
and purchased at 98.50,? plus ac-
Philadelphia from paying the tax. crued interest.
Sealed Tenders Invited
City
Secretary M. H. Kelly states that
the call for ten¬
ders of bonds up to
stated
•-?.
"?/
May 18, at: 8 p.m., of refund¬
ing bonds,/dated April 15, 1941;
Tenders Accepted
with
.
Eastland,. Texas
*
the
—
CAROLINA
'■
connection
at
.
the
/
$4,500
purchase
tenders
of
are
of
less
available
bonds
than
and
par
and
for
only
ac¬
crued interest will be considered,'
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 155- Number 4067
Hamlin
-District
States
0»
- Indep.
<Sch. Dist. (P.
4".*,/ .^Hamlin)*. Texas'.', V
V
mont,.'.Texas,:
connec¬
date
$137,000
persons
Bond
/ (not
Sale
on.
at
March
par
and
March
T,19$7.;
:
1
r
indebtedness af¬
y
•
; •
:
,
County (P. O. Brecken'iridge), Texas ' V \ £•/ :y"
•'(j;
:
Bonds Sold^-The County Judge
states
that
,
rqa<L and
$19^379.15
bridge refunding bonds have been:
Dallas.
.sold .to J. Bradley .White of
'
'
;
any
the plan. :
Stephens
as
Co.,-of
Hartford,
was
J; UNITED STATES
ings Authority,, Conn.,- notes,
.69,%, • '
Salomon. Bros. & Hutzler,
to
1,050,000
at
:
1967 incl.
-
,
,r
J-.
Bond Call
Earl
OOa/i--
County Treasurer
—r
E. Fuller
is calling
for pay¬
May 1, court house and
jail building bonds, Nos. 301 to
350 maturing in 1943 and Nos. 35 li
ment
•
•.
,
County (P.
kosh), Wis.
'
improvement
general
from May
bonds.^ Due $70,000
'
■-
Winnebago
a
2.34%,^
water bonds J as 2.40s.
$100,000 from Dec. 1,
$2,500,000
1943
vl943
••
~' y
The-Hartford National Bank &
the
fected by
due: Jon
are
7
Trust-
of about
cost
the bonds,as follows: •>
on
the
county, .on
Jan. 20, Jt is now
follows: < $2,000 in.
to.1947; $3,000, 1948 to 1952;
7
$4,000, 1953 to 1957;' $5,000, 1958
to 1962; $6,000* 1963 to 1967; $7,.000, 1968 to 1970; $8,000 in 1971
and 19772; redeemable on or after
1,
hearing,- AILspecttvely.
the
are
$3,550, equal to 100.10,
net interest
Due
from
stated that these-bonds were pur¬
chased
mium of
;iBeau-j thority^ Va., notes at -.76%; .plus:
the:,premiums of $10, $8 and- $10, re-
commencement Jorj con-, successful-bidder for the $760,000
tinuation* of
suits "against • the .Twentieth Series Hartford Hous¬
$131,000),' 4% seml-ann. re-
noted here,
of
-
or; before
enjoined,, pending the
determination J of I this T matter,
funding bonds to Dewar, Robertson
& Pancoast' of San Antonio;
.
■
for
fixed
Details—In
tion with the sale of the
Clerk
<
on
1647
on
to 400 maturing in-1944.
/
<
1, 1953 to! 1967 incl/ .- J J
Said bonds will be redeemed at
of
Bonds Offered for Investment—
par
and accrued interest upon
New'York, were the 'successful The successful bidders reoffered
presentation and surrender, with'
•bidders for'the $1,000,000 Twentythe above bonds for general sub¬ all unmatured
coupons attached,
[first Series; Hartford Housing Au¬
scription at prices to yield from to the
Guaranty Trust Co., New
thority; Conn., notes, at .78%,.plus 0.60% to 2.40%, according to ma¬
York
City; or at the County
a* premium; of $15;'
- //''7
turity.
7.1 -1
:4
Treasurer's
office//
j-'v The Girard Trust Co. of Phila¬
(This notice, supersedes the re¬
delphia, %was 'the successful bid-. in;^:^^j-!washinqton
port given in our issue of April;
;derv for the $1,500,000- Twenty- ,
.
..
n-*
•
x
u/
1.
;6~v. 155, p. 1373.)
jthird J-Series ~Hartford Housing (Cascade '£"ff<rf(on'
-
,
/J-. /
:
J
Xtjmted: States Housing Aid
Refunding Plan Approved
77
A
-
Chemical ' Bank
Corpus Christi division, is said to
New
f
Authority, ^Conn.,. notes,, at. .74%
a premium of $15v
The
Trust ' Co;- pi plus
Units Sell Notes
Local
decree of the U. S. District Court,
7-
Lower Bond Intel est Rate P10-
,
posed—The Washington State De¬
WYOMING
and
The Central Hanover Bank & partment * of ; Conservation
obtained the award
•Trust Co., of New York, was the, Development bah enter ittta.,an
recently by on
April 16, of $15,000,000 out Of
Judge James V". Allred, approving
Dorarv
above
$22,210,000 temporary loan notes successful bidder for the $650,0001 agreement with
loan notes
the refunding plan of the above
is>
Eighth Series Providence Housingi;to accept
on
mouowsv
offered for sale as follows: $2 500
^6,ou^- Authofitv ^ R T notes at 60% 1 worth of bonds held by the recity,, with" the holders of its bonds 000 Thirty-Fifth Series, $3,500,000
;1V
.»;•»
»
•
riamat.ion fund. Attornev-General
clamation fund, Attorney-General
plus a premium of $5.
: and warrants.
The decree termi¬
Thirty-Sixth
Series, : $4,000,000
Smith Troy is' said to have ruled
nates the lbngTitigation.
*
\
& Thirty-Seventh Series and $5,7 ; ?■ The ..Girard Trust Co., of Phila-The record, including the court's
,delphia, was the successful' bidder recently. He advised Director Ed
000,000; Thirty-Eighth Series Bal-;
Davis that the State could not,
decree; will be presented to the timore'" City Housing Authority j. forvthe $2,000,000 Eleventh Series
Trovidence
Housing
Authority, however, -make such agreement
Attorney-General for
approval,
Md.,,notes at .68%,,plus premiums
until 90%-of all other bondhold¬
at; ,6Q % ^! plus a 4pre4
/.ahCthe* refunding bonds wilt be of
$11.00;
$16.00; , $19;00v and •mium of
ers also; agreed to cub jfrom 6 to
?$20;
>
y -s y
deposited ^withi the Cpinptroner a£
$28100', respectively;. '; f J pppMP : <
4%
the. interest.
The
district
Austin;^) through ^whoin the!. :ex^
^e ^Eqbrtable^ Trust 4 CkKy of
Salomon Bros// & Hutzler ,of
Wilmingtonr was - the - successful plans to reduce the interest on
change will be made. 3 vr
New York, were awarded: $6,330,bidder ;for. the $875,000 Wilming¬ some $621,000;worth of. outstand¬
Nueces County (P. O". Corpus
OQOBaltimore;'. City
lldusing ton 7 Housing
Authority, - Del., ing bonds, Mr. Davis advised' Mr.
Authority,. Md:, notes as follows:
Christi), Texas:
Troy. notes, yat ,53,%.
,
' "
Bonds Sold—It is reported that $831,000 J Thirty-First
Series /ait
^^e,yM!di^triaI King County Sewerage and Drain¬
$1,000,000 3 Vs% semi-ann. road, .61%, plus a premium of/$9.,PP; Providerice;v was the- successful
age Improvement District No. 3
series 1942-A bonds were sold at $1,000,000 Thirty-Second Series at
;biddfefbr^the .$1300,000;
;
(P. O. Seattle)> Wash.
«•
par • on
April 13
to
Moroney, .60%, plus a premium of $10.00; socket Housing
Authority, R. I.,
Bond Sale
The $45,000 5%
Keissner & :Co£ of Houston. Pur^* $2,000,000 Thirty-Third Series at
motes,-at .78%. •
v,.\ v1
semi-ann.. assessment
bonds of¬
chaser 'is to defray, the expenses .62%, plus a premium of $19.00;
fered for sale on April 13—-v. 155,
of-printing and legal approval. and $2,500,000 Thirty-Fourth Se44: VIRGINIA
J
Dated April 10, 1942.
p. 1466—were awarded to Grande
Due $125,- ries at .59%', plus a premium of
Clifton Forge, Va,
& Co. of Seattle, at 96.57, plus the
ooa.on April 10 in 1955 .to 1962fv $17.00. They also purchased $880,?Bond, Offering
We- are in¬ cost of furnishing and printing
incl. These bonds are part of the 000 Middletown Housing. Author¬
formed by' W. J. Enos, Chairman,,' bond
forms, according to the Dis¬
$1,500,000 county-wide road bond ity, Con:, notes at .67%, plus a
have 1 been
entered
York,
the
lower interest
—I
Ranchester, Wyo,
district
Bond
$40,000
will
received
'bids
Sealed
—
until
April 30* by Town
-
5
p.m.
on
Clerk Jennie,
Grayson, for the purchase of $5,-
•
500
bonds.
sewer
to
not
Interest rate is
exceed:
5%, payable J-D..
Denom.
$1,000,
one
for
$500.
Dated May 1, 1942. Due on June
30; $1,000 in 1945 to 1949, and $500
in 1950;
Legal opinion; will be
^
supplied to the succesfUl bidder/
-
All bids must be unconditional, A
.
1
Offering
be
certified
check
company
the bid..
(These
.
offered
for
bonds
5%
awarded.)
ac¬
originally
26/ but not
were
March
on
must
i
•
■
<
.
—
CANADA
pMi:"!
Alberta
Notice
*
-
\
■
:
•
Quitman^ Texas
of
(Province
Interest
of)
<
■
Payment—
Hon. S. E. Low, Provincial
Treas¬
is announcing to holders of
provincial debentures which ma¬
tured Nov. 1, 1936, that the pro¬
vince will pay interest to bona
y ■
issue approved by the voters : on "premium of $15*00*
}
of the City' trict Supervisor. •
J
•
f Finance ydbmmittee
Gouneil, that bids-will be received
March 21. It is understood that
(These bonds were sold to the
Local Units Award NoteSr^-The
i until-,
the courtty is hot contemplating; a
April; 28, at 2 p.m.„ for the above firm oh March 2, but the
Chemical Bank! &. Trust Co. of
i« S3le%bf the^ remainder -siat this time; New >
Limrch^se^ o£!JtbeL following 7% %% award was subsequently can¬
York, "heading a ; banking
bondsy aggregating $87,500:
celled.)
y
group including the National City.
•
«:■.V,'.V
vv/'j;:■'
urer,
fide
...
of such
holders
securities at
works refunding ;
National Bank, .$70;000,'water
V
Washougal, Wash. ;3% per annum in respect of the
Company; j ;.-i bonds. Denom. $1,000../ Due ,£;Price Paid-r-Town. Clerk. L. J.
half-year ending May 1, 1942, be¬
$5;00Oron: Jurie' 1 in '1943 to
the jankers ; Trust * Company, tjle : 0
for j April- 28 <to submit to- the
Moody informs us that the- $9:,000 ing at the rate of $15 and $7.50,
,;a956!ihcr.;
Manufacturers
Trust
Company* :
voters bonds aggregating $50,000,
coupon semi-ann. town hall, gen¬ respectively, for each $1,000 and1
17,500 V armory bonds, Due- .on
and- the" New York Trust ^Com¬
eral : obligation . bonds
sold to $500 denom. Holders will be paid
divided: $35,000 water, and $15,I^ $l,500 in 1945 to 1955,
pany, and many other- banks £ii ;
Arthur E. Nelson & Co. of Spo¬ interest as stated on presentation
000 sewer bonds. v
other cities, was the high bidder Jy: {and $1,000 in 1956.
J
kane—v. 155, p, 1466—were pur¬ of their debenture or debentures^
Shelby* County (P* O.- Center) rj and was awarded on April 22 $7,- ; y Dated June; 1, 1942. ; Prin. " and chased as 2V4S„ for a premium of for notation thereon of such pay-'
074,000 out of $17,954,000. tempo¬ [ intv;
I^payable .'at: the 4 office $15, equal to 100.166, a basis of ment of interest at
•; :J
»//- Texas
■•/
//
any branch of
Debt Composition Plan Pending rary^ 4oan<; notes -offered vfrn1- sale
they City- Treasurer in Clifton about 2.225 %.
Due on April T! in the Imperial Bank of Canada in
follows:
—Creditors of the above county as
$475,000. 7 Dothani Forge^ .JCertified checks are re¬ 1944 to 1952 incl.
the Dominion of Canada. Deben¬
are being advised that a petition
Hpusing." Authority; J^a;;; $i;o00yr quired; with bids on each issue,
tures should
be accompanied by
has
been-'filed
IPS WISCONSIN
in7the United 000 Ninth Series and $1,500,000 one for $1,400 on the larger issue,
the usual ownership certificates
T"-;:- J ■••••
■
* y.»
»•-. >
i
States District Court for the; East* Tenth Series, Providence' Housing ;
bijef for;$500;on the arpfliory bonds., J
Ashland, Wioi
i '
required by the Dominion Gov¬
em
District of Texas under the Authority, R. E, at .63%;. $747,000
Bonds Sold-r-A $335,000 issue of ernment as; in th|e case of
provisions of the Municipal Bank- Fresno Housing Authority, * Cal., ;5
water
works i revenue^ refunding
(In connection with the above*
ruptcy Act asking? for the- confirm, at .65%; $320,000 Augusta Hous^ y~Boiid Sale----The- coupon or reg¬
mation pf Ta plan of composition. ing ; Authority, • Ga.;'"v $315,000 istered semi-ann; bonds aggregat- bonds is said to have been, pur¬ report, attention is directed to the'
chased by Paine, Webber ;& :Co. recent warning issued by the Al¬
/A'- hearing = oh* the? Vpetition
is Brownwood Housing; ■ Authority/ ing; $3,550,000, offered for sale on
divided as follows: berta Bondholders' Committee re¬
scheduled to be held on June 25, Tex.; $415,000 Burlington Hous- ApriF21 -r v. 155, p. 1566 — were of Chicago,
;
Bank,, the Chase
Bdhd^Etectipiir-iWe: understand
that
an.
has
election
the
called
been
Guaranty
Trust
-
'
'
*
-
•
••
-->
'*■
-
o'clock
10
at
The- plan ma¬
a.m.
terially affects the holders of all
warrants
fund
general
outstanding
and
time
interest / thereon
judgments abased-/ .thereon
with
interest. - Any creditor af¬
fected by J the plan may file an
answer to the petition controvert¬
and
the: material allega¬
ing any of
therein
tions
setting
and
objections to the plan at
not less than
any
up
any
time
10 days prior to the
tjme fixed for the hearing. Sworn
be
to
are
filed
creditors
of
interest
and
claims
with
the
United
awarded to a syndicate composed
Hartford of Lehman BrosJ, Phelps^ Fenn' &
Housing Authority, Conn.; :$45Q,-i Co;, Stone & Webster and Blod000 Lubbock Housing Authority, get; Inc.,: all of New York, Alex¬
.Tex.;; $665,000^Superior -. Housing ander Brown & Sons of Baltir
Authority,'Wis., and $187';000 Tar^ morie, Hemphill,- Noyes & Co. of
rant
Housing
Authority, \ Ala.; New York;5 Rv S; Dickson & Co.
notes, at .79%, plus small J pre¬ -ofJ i Charlotte,
Eldredge & Co.,
miums.
*
t,
; 1'' Paine, Webber & Co., both of New
The Girard Trust Co., pf Phila¬
York; Stein-Bros; & Boyce of Bal¬
delphia, was the successful bidder timore," Charles
Clark
&
Co.,
for the
$1,090,000 Erie; Housing Schlater, Gardner & Co;, Inc., both
Authority, Pa., $755,000* Fayette of ,'New York, Thomas & Co. of
County Housing > Authority, Pa., Pittsburgh, and Thomas A..-Bain
and $950,000 Norfolk Housing Au- & Co. of Norfolk, paying a pro¬
ing
Authority,
Twenty-second
N. \i.;
$1,000,000
Series,
-
.•
.
,
Cbmpany
;;
Redemption Calls and Sinking Fund
those
under
called
provisions./ The date
,
;
mtge.
given in the "Chronicle."
.
6s,
Jun
2
6%
1
1307
'y
.■
.
-
-
■■
■
'*•■
■
; <'
•■.
■ ■* '-r
^
,.
v.■
'• >'•.
-•
-Bridge
:
1st mtge.
5%
•
"•
3 Mr-'A-debentures
«■>
3%debentures
Ames
<•
Tire
Holden
dated
Jan.
li<m
income bonds, due 1958_^.May
Go. ZYr debentures due
21 7;•
due
Rubber
Ltd.,
1st
mtge.
7s,/•
1, -1923-——l__————May
Associated Mortgage Cos., Tnci,
Buffalo
Co.,
Creek
RR.
1st
debs., due Dec. 1, 1953--May
mtge/3%%
bonds,
series
.
1
If-
4,
*
•
Jl■
82tf
bonds
1210
1402
.
-
1313
due^ Aug. 'Lv 1960____-:-^_;
Apr 27
Corp; 1st lien collateral trust
1411
National
Public
Sej.-vice
Co
1st
4k
mortgage- 5%
5tsr-KP.r[<*R-n. Hue ^947jv^-___;
NeW England^Power^Cor 1st mtge.
l
York Fire
Protection-Co:
1-st
—__.__May 1
3J/4S,: due 1961/_i_May 15
4s, due
1954____-
Share"' Corp. 20-year 5 Vz fy-. convertible
tiires. .'due : 1950ki/i-iJ-.™
t
Old
bonds,
1603
1515
:,.•■/ 5/
'
1
1216
May
1
1216
series A, dated 1927„_Juu
1
1604
Colony Investment" Trust 4V2 V/!. deb.,, due 1947
1st 6s,
r
1411
_^_J\!ay
—
Pacific Coast Cement Co.
Apr 27
deben-
of
>
.
issue
$45,000,000 Treasury bills was-
sold
of
of)-
Sold—An
Bills
on
April
16
at
an
average
_
Company and Issue-^—
,
.
.
.
.
-+C,
due
Date
r
Service Corp. 1st & ref. mtge. 6s,
Page
series
-May
J19477J.
Public Service Corp.
1
vd; .due '< 195477—-—7-.,-—^..77^7;1;;7
Water & Power Co. refunding mortgage
and collateral trust: 3 Va % bonds, series due 1970
May 1
Quincy Market Realty Co.- 1st 5s, due 1964__;.._.
—May 1
Republic Steel Corp..-gen'l-mtge. 41/2s, series C
May 1
Republic Steel Corp. purchase money 5V2S, due 1954_.May
1
St. Louis, Rocky Mt. & Pacific Co. 1st 5s, due- 19557\!ay
1
San1 Jose Watef Works 1st mtge.-3%a, due 1961_
Jun 1
Sherwin-Williams Co.' pref, stock, series AAA—
^_Jun 1
Shr^veport Rvs. Co. gen'l-mortgage 4s dated 1937__—May
1
Smith & Wesson, Inc., 1st-mortgage S'/aS, due 1948
Jly
1 :
Square D Co. preferred stock
-Jun 30
Strong (Mark D) Bldg. Corp. 1st mtge. bonds, due 1943-Jun
1
Superior Water, Light &-Power Co. first consolidated
i
mortgage gold bonds, due 1965
:
—May 1 ....
Terre Haute Traction & -Light Co.- first consolidated
j" mortgage 5% gold bonds, due 1944
May 1
Unified Debenture Corp. debentures.^
7
.Inn 1
United'Biscuit Co. of Ara..3'/a% debentures due 1955__Jun
1
United Light & -Power Co. 6%
gold debenture bonds,
series A, due 1973
;
—
May 1
6V2 % gold debentures, due 1974
._7—
May 1
;
6Va gold debentures, due 1975
May 1
University of Illinois Medical,. Dental & Pharmacy
Building revenue bonds dated 1947
May 1
Western N. Y. Water Co. 1st 5 Vas, series A, dated 1925_May
1
V
1st 5s, due 1951-7
May 1
;
10-year 6Ci> conv. deb. gold bonds, dated 1925—^-May 1
•Announcements
1125
1st & ref. mtge. 5s, series
'
Gas--& .Electric
Niagara
■
1014
1014
New
A,
—May 1 A 1404 /
Ohio- Ry. ref. & improv. - mtge. 3.Mi%
...
bonds, series D. due Mav 1. 1990..*_- .w
Ms»» 1 ./> 1405
Consolidation Coal Co. 5% bonds due 1960
—May 12-/AJ": *'
1014
1122
1
bonds, 1955
.
*
1409
1'
Missouri
4
1409
May
i"'r> series- A.
- c
•7
•'.••/•••due Nov. 1.
Chesapeake &
;
i;?.'
Minnesota Xransfey- RvJ 1st- mtge. 3%s, due 1956^—J~_Jun
y/.* First mortgage 8%
'"■*
21
due
&
1500
.6/
1950_ JIay.21
Canada (Dominion
Treasury
Pennsylvania
14081
'
Owners Corp.51st
-
I"
.
•American Gas & Electric
;
-
CANADA
f
/ •
••
/•Allied
»
1598
1
Co.- 1st
&. Terminal Co.
155, p. 1373.)
by; the City yield of 0.544%. Dated April 17,
will be retired. 1942, and due July 17, 1942.
Penn
/dUe/1948V
^
vince.—V.
A
.
-t
'•'•
11377
/dbbeniiure^ serifes
Kanawha
>
,
,i
•
v;/
—May r 1
2
Lealdo .Corp: ,15-year- coupon notes dated 1929___
__May
1
<
Cpmpany and IssuerTj//
J.'
f. Date
/ Page % ;Libb'y/McNeil-^-Libby 1st mortgage 4s, due; 1955^A^Iay 1
Alabama rower Co.—,•''
.v * /
/LiorijOilkR'e^Cp/A1/^^" debentures, due 1952:
,'_Apr 30
k.Jv First mtge. lien
refunding.S.%. bonds, due 1956
May .1: 7 /497 ,%
Litchfield"SslMadison-:Ry. -1st- mtge. 5s, due-1959_
_Alay
1
First mtge. lien.& refunding 5% bonds, due 195U7—Jun /17
497 ,
LUken's Stdel Cb/ S^ -6% -bonds, due 1955_____^______;May
1
(
balance
Penn Public
1307
_Jun
3QgtftJ^J£r^tifpn^^^^/ef&;bonds/:duer 19541^
Iridiana^olisl * Columbus;'^
•*
pons on the basis of the arbitrary
reduction effected by
the pro-r
Pennsylvania, Elebtrie Co.—
Inter-Cotinty; Telephone &-Telegraph Co. 1st mtge. 5fc
< gpld'bondbJdatedVMax 1, 1928
May
Iowa SoOth^rr;' jftilities Co.-i—(-- ^ •
date fop/making tend¬
ers/ ahctthe 'page number^^ gives J thejlq^ktibh
were
1st
The
$41,000 is owned
Sinking Fund* and
Page
garding possible loss that may be]
by creditors through
failure to cash bond interest cou¬
sustained
appeared here
of. which
November.
13T1'
;
the details
preferred-stook-.^------—^-
Co.
last
pitchburgv<S%LeomiU^er* Street Ry." 1st 4s/due/l05{L_--May
called for redemption, including
sinking fund
^
Foundry
report
Date
•
Steel
English Lumber; Co/ lst" mtge. bonds dated 1922—
JPeb^raJ
; Below will be found'; a list .nf corporate' bonds, notqs;.
indicates the redemption" or last
/• •/
&
'A/jdue
Driver-Harris CoY
Notices
preferred* stocks
' series
-.
.
and**1
and Issue—
Coptinentai.Roll,
$185,000 as 3s, 'due on Dec.' 1;
$28,000 in 1960, $29,000/1961, $30,000, 1962,.. $31,000, 1963, $33,000,
1964, and $34,000 in 1965; the re¬
maining $150,000 as 23/4 %, due on
Dec. 1; $35,000 in 1966, $37,000,
1967, $38,000, 1968, and $40,000 in
1969. ; Dated .June L 1942.
This
issue is said to take up" the $376,~
000 bonds that were handled by
C. W. McNear & Co/of Chicago,
in this issue,
tin Vol. 154.
1125
1415
1518:
1218
13IT
1605
1317".
-.
*■'
1518
56
1608
1318
270>
J1704;
1222
1023
1023
1022
1422
1024
1223
1423
7/7YY/Y/VY":.Z7
1648
THE COMMERCIAL & FINANCIAL CHRONICLE
Per.
!
Hibbard, Spencer, Bartlett & Co.—:h
Monthly
J
——1
Name of Company:
DIVIDENDS
Dividends
lirst
bring
we
Monthly
the
together all the dividends announced the
grouped in two separate tables..; In
are
'/■:
Hooxer
in
announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under ihe company name in our VGeneral Corporation
and Investment News Department" in the week when
declared.
;
11 ' <
......
Tnen
the dividends previously
we snow
we
,
Electrochemical
t$iV4 :r
preierred
Kable Brothers Co.,
.Holders
(quar.)
:'/Y/'Y Name of Company. ,,'Y/YIY.
■
Acme Steel
Co.
of Rec.
Payable
share
" i
$1
6-12
5-15
50c
6-15
5-25
Kysor
7-
2
6-26
5- 1
/ 5-21
4-24
Le
35c
5-11
Life
50c
6-15
Funds
KniCKerbocker
preferred———
ecundard Engineering Co.
Wood
Aloerta
t'i'/o
Ltd.—
Preserving,
American
Central
American
Cnain &
50c
i——
Co
Book
(initial;——Y:
Co.
ivirg.
;
Caole Co.,
>,
com
preierred
H'/o
T/o
T/o
(N. Y.;
of America,
Cone Co.,
Petroleum Co.
BanK
of Montreal
euced
•■■■
(N. Y.)
d'/o
-
Registered
4-30
Midwest
$$2
:.:.6Y.l ./
4-30
Mississippi Valley Trust (St.
Moline Pressed Steel Corp.-—
Bearer
5-
1
4-30
Y 40c
5-
6-30
6-25
Y5- :V->
4-15
5-
6-15
10c
6-
.
1
6-
'
ioy2c
4-30
25c
5-15
4-30
2
%%X
•/'
5-21
/
4-23
4-23
1
5-
87'Ac
J
5r30
6-15
Y——•
1
5-18
.
.
50c." /
.—__—
6-
$$2'/2
...
creasing the redemption price of this
Canadian Fairbanks-Morse
Canadian Industrial
.Class B
Soutn
6„
1
5-20
9
4-30
...
preierred
6%
preferred
(quar.).
6%
preferred
(quar.;:
5-29
6-20
5-29
t43%C
3-31
3-31
3-31
3-21
3-31
3-21
5-15
4-30
Plymouth
25C
5-25
5-11
Class
,
Cosmos
Coty, Inc.
(reduced)
Cork
Packing
T/o. preferred
Cudahy
Delnite
Co.,
10-19
6-
1
5-20
5-26
5-
6-20
$1.06 V*
6-30
6-
Dickerson
Ltd.
5-25
5-15
4-15
(Del.)
4-24
3c
5-15
4-30
+30c
5-15
4-30
(Walter
T.)
Co.
r
6%
5-15
Bridge Co.,
4-30
4-27
5-
4-27
St.
5-
St.
4-24
37'/2c
6-
1
5-12
75c
9-
J30c
Common
(quar.)
Eastern Sugar Associates, $5 pref. v. t. c.
Equitable Trust Co.
Esmond
Mills,
Fairbanks
7'/«
Morse
(Del.)
(quar.)——
Co.
Federal Screw Works
Co., common A
Common AA
$1%
5-11
>
(initial)-
-
5-
6-
l
6-
5
5-15
1
1
r.
Western
convertible
Breweries
preferred
1
4-24
7-
1
6-20
$1%
6-
1
5-16
6-15
5-12
4-15
4-
6%
1
1
5-20
5-15
5-
6-25
•
$3
6-15
1
34%C
(quar.)_
6-
1
5-18
25c
preferred
6-
1
5-15
6-
1
5-15
$l'/a
.
Refractories—
—
(quar.)
conv.
pref.
25c
$i'/a
(quar.)
50c
6-
1
7-20
CO
I
H
4-20
-6-20;
.A. 5-' l-Y
Shops,
Pacific
Atlas
V-Y;-' •'
5-11
7-
6
$1%
5-15
•
1
,v.g
1
4-21
6-30
6-23
:c4 3'Y
6-30
6-23
15c
5-l>5
4-17
50c :'
4-30
5-
62'Ac
rV
—
$i
/
/ 4-24
4r30
;
4-17
Y_YY—Y
5-
Company,
...
8-17
If .1
.
.1
Extra
;
4-20
>A'6-.I.:.;
C
Class, A
4-20
-
5-1
;5-i5
5-15
Bensonhurst
Best
$1
/.:>
Elec.
Co.
Rock
common
50C
■
35c
40c
-
(s-a)
Michigan
Inc.—
.
/
5^15
5-15
5.-1
•
•-
>;-i'111
/
6-30
$5c
.$3/
-5-
*
:
L,
5-15
A 25c
-r
5-
.5-15,
5-
V'i- 6%> 2nd preferred
9
4-17
5-
1
preferred
Bronxville
Trust
4-15 *
$■
6-
1
5-
/■/'
5-
1
■r.
Z
8
4-18
•
6-30
55-
1
'
4-15
1-
■
4-25
1
'.7
4-15
4-30 /
5-15
5-
1
5-
•
1
4-13
•;■
4-30
4-15
6-
1
5r
1/
16c
5-20
68 %c
.
5-15
74-10 /
1
4-30
5-15 / :
5-
5-
$1
'
4-21:
4-15-
4-14
1
1
;
/
(quar^Y-
(N.
5-15
1
1
50c
19M»c
5-1
;
'
^$500 -"j- 5-20
110c Y
r-; /'
40c / >'
—
common..
.
5-
1
•/ 5-
25c
4-30
1
5-
4-20
■
$lMf-'
> Brooklyn
Telegraph & Messenger (quar.).._
//Brooklyn Union Gas Co. (resumed')-^;-.-.—
17X- 4-21
v
4-21"
4-25
6-.1
25c J-'Y5-
-
/: 4-16 I
$1 Mi
YSY17
$1Y rf 5- 1
Y.)*_.;Y—
4-15
4-30-
..
5-20
$$i'A;
'(quar.);-.'..—Yr.;"_;__.Y—
Co.
5-15 "
,
6-
30c
YY*YYYY—Y
Broadway Department Stores,
/'Y 5%
•
5-
62'Ac
Bridgeport City Trust CO. (quar.Y.*..".British Columbia Telephone Co.—
i
5
1
6-
;
4-30
$.50 1st pref. (first declared since 1929)
Breweries & Distillers of Vancouver; -Ltd.t^
Extra *.Y—1-L--
6-15/
$1
•
Y__—-YY--Y--
Co.,
6-15
1
.5-21
Y 4- 1/
1
"
A
^
—
Steel Foundry
&
4-10
6-30
15c /
S
•
6-
$l'/2
1.
,
Co.—
A
5-22
20c.
,40c
$l3/4
—
25c
common
-«
4-15
6-
5-15
Butler
5-18
-
Bullock
(quar.).1—
...
$1 Mi
....
15c
./ Bullock's,
4-17
1
5-14
Fund,
Ltd.
$1
5%
Byers
/
„
Co., 7%
1
4-15
433/4C
6-
1
5-15
1942
Cairo
....
Bridge, class B
/
1
1
1-; Y 4-11
5-
(liquidating)YYY
4-15
4-15
1
4-22
6-
1
5
5-
1
6-
1
5-
6
6-
1
5-
6
/
15c
37'Ac
.
preferred, represent-
—
/
6-
ing the quarterly of dividend of $1.75 due
1, 1940 and interest thereon to May
1,
5-
5-
15c
Feb.
6-
^. V
$l'/4
Brothers, common (irregular)
convertible preierred (quar.)
(A. M.)
4-20
-4-20
1
V.
5-
'
$l'/4
f>
4-15
5-29
-5-
preferred
$5
4-21
.5-15
1
5-
,v.
Y
(irregular)—/
...
Inc.,- 5% preferred (quar.).
Bunte Bros,, common
(irregular)..
5%
preferred (quar.),Y
YyBurroughs Adding Machine Co.—Y. ..Y?
T>
5-
$1M» Y
1__
(quar.A
'Buffalo, Niagara & Eastern Power Co.—
f
A'
preferred
6%
17%C
(quar.)
Buckeye Steel Castings,
4-25
-4-25
10c
—
7%
preferred
(quar.)
$1.75 conv. preference
(S. F.)
Bowser
/
6-30
-i
t62'Ac
(quar.^—-
___**^
1
'
Boston Fund, Inc. (quar.) _Y—YY—.—
/Bourjois, Incl. $2.75 preferred (quar.)—
Bourne Mills
1st
National
Co.
4-20
1
5-
$1%
(quar.)—i.'.i-,————«
& Trust Co. (Bridgeport,
Bank
Edison
Boston
■
5-
25c/
(quar.)—.—
(quar!) —Y_Y_
Blaw-Knox Co.
(interim)£i_.^Y——
Blue Ribbon Corp., Ltd., 5% pref. (quar.)__
Co., class A (quar.)
—T
B
(quar.).
—Y
Borden Company (interim)..*—
—
;
-5-28
Y 4-30
'
//•/■ $1 Y 6-30
5-15
40c "
Conn.)
5-14 v*
'
$l'A
preference (quar.)
(Brooklyn)
(quar.)
Bank
Nat'l
preferred
$7
$3
:
4-15
125c :Z
(quar.)
Company./-——Y—Y_Y—
&
-Black
4-11
9
•
6-15
*25c /
—
pref
.
V;
—
Y—;
Y:
5-15
4-13/
:>•'
'/■••■• 7-1:
75c
Benson & Hedges, $2 conv.
•
4-25
r4-
(quar.)
common
Beatty Brothers, Ltd., 6% 1st
Bendix
Aviation
Corp.——
Birtman
.
,
•
5-15
30c
(quar.)—
*—
(s-a)—
—
Paper Co., Ltd.,• '
&
Power
/
1
1
,50c
—
(quar.)
4-15
1
6-
7c
■
preferred
65-
$1
.;«■
(quar.)
4-20
.
7c
60c
9
common—.
1
7c
—
WilcoX—;
&
YBathurst
9
>
■
4-22 ;
4-22
I
1
5- 1.
J 4c
.'
,* "^Association..common
'
Y-5- 1
■
:
6
4.
5-
,.
X $2 convertible preferred
4-20
.
$2;
t62'Ac
7 ^-24
5-1
$HTY'
YYY---Y—_«•—l.
—
Babcock
.4-24
-
:
62'/2C
—
4-25
1 A
1
,8- *
..
31c
Bangor-Hydro Electric, common (quar.)
Bank of America National Trust &
Savings
5-1
A 15c
4-24
,
5-
ft.
Y 50c
Badger Paper Mills, 6%
$1
.
4-10
'
"?/:A
5-15
5-/1:
$80c
1
5-
$1
-
4-15
4-30
5-
/
1
1
5-11
$2'/a
(monthly)_Y_;—
Mills
Monthly
5-15
50c
87'/2C
r
6-
$1
5-29
/A5AI-Y
"$l'/2.
■
4-21
X
.
31'/4c
6-15 /;
;
-15c
4-10
5-' 1
■41'-'
——
6-15 A'
$2
Coach Mfg. Co. (irregular)—— t
Vogt Manufacturing Corp
Wachovia
Bank
&
Trust
Co.
(WinstonSalem, N. C.)
(quar.)———:
Welch Grape Juice, 7%
pref. (quar.)——
West
4-20
4-14
Y
5-
(quar.)——
preferred
Monthly
(quar.).
common
Wells-Titusville Corp.—
preferred —
Sylvanite Gold Mines (quar.)—_—
Syracuse Binghamton & N. Y. RR.
Common
■
5-
50c
Corp.,'common (quar.)Y
Plywood
Avondale
5-15
6-15 vi A 5-15
'
—
v
-■■6-15Y
■h 6-15 u
Y-254
v-
preferred
Sonotone Corporation _•—
l.
South Bend Lathe Works (irregular)
Stein (A) & Co. (quar.)
—
$6
1
-
(quar.)
Electric,
(quar.)——
7%
United
4-17 ;•
•
5-
$6 pref(quar.)
City Electric
$1.25
Gas &
$1.25
•
/
50c
.:
$1%
•
•
,-'4-/4"
common——-——
Power,
preferred
City
•
~y
114- 3 '5
•'::
5- 1
5-1"
Topeka & Santa Fe Ry.„—
YAtlantic Rayon Corp.— Y;"
?
7
$2.50 prior preference (quar.hi
■/Atlantic Refining Co.—
4%- preferred convertible A (quar.)
4*15
/4-!2a.
50c
.
Vagabond
(quar.)
(reduced)
Hart-Carter, $2
6-
25c
5-31
5-31.
preferred (quar.)
Corp.—
*
5- 8
10cV
Non-cumulative participating preferred—.
-6- i
22'/2c
U. S. Casualty, conv, pref.
(s-a)
5- 1
:.t75C,
U. S. Steel Corp., Ltd., 6% preferred (s-a—
A-:.,, 25c , ~6- 1
Universal Insurance Co. (quar.)
Utica, Chenango & Susquehanna Valley RR.
A 5- 1
$3
5-
:■?//
preferred l)quar.)_'__
^Atlantic Coast Line RR.— /YY
5% non-cumulative preferred (s-a)
"Atlantic. Macaroni Co.——«-
4-30:
.
6-30 y
.
Trane
Co.-^
(quar.)
Watch Co.,
preferred
—
:
4-24
25c
(irregular)
6-»15 '
■;
A: 5-1 v.
$l'/4.
t
Struthers
5-30
$1%
pref. (quar.)
Dredge & Dock (quar.).——_
$6 pref.
.
9
6-15
6-
■'
•pre$erred;,r(is-at;Y;--1;YYY-,Y;YY-''
/Atlantic
4-30
preferred (quar.).'——
—si.—Co. (quar.)
Savannah & Atlanta Ry., 5% preferred—;
Schumacher Wall Board—
//
'
$2 participating preferred (quar.)—
Security-First National Bank (Los Angeles) —
6%
5-15
5-
A 4-30 :i
Paul Fire & Marine Inc.
Sioux
4-15
1
15c
''4-30
;
V,
$1.25
conv.
Sierra
4-25
1-/; r
50c
—
;
Brothers Stores
Common
6
60c
Co.
Tap & Die.
Harbison-Walker
16%
7-
4-28
,
1
6-
12 >/2c
(initial)
H.)
Great Lakes
Hamilton
6-11
4-24
;
6-15
Globe-Democrat Publishing, 7%
8Vz '/<;
r
25c
(L.
'
4
12- 4
-
5-19 ;
t$23A; a e-1 ;
Atlas powder Co., 5%
preferred (quar.)
A7<B;- AjAult- & Wiborg Proprietary, Ltd.
7,15
$l%f
:
; . ,
Mm .,3r.l5-- :3-10
5.'/2.% preference (quar.).^*——;
5-TY A4-20;
$1;
Aunor Gold Mines, Ltd, (quar.)——-J——
Quarterly
Security Insurance Co. (New-Haven), (quar.).
Security Trust Co. (Rochester) (quar.)-—:—'
Servel, Incorporated
Sherbrooke Trust Co. (Quebec) (quar.)
6-19
6-20
$l'/2
Common
Hale
5-
1
5
/ 9- 4
■/
; 12-15'
■
50c''
J/Yi-
/ 6-
6-15
25«v(Y;5i5// / '4-21 '•
>Y-',VI"
—
'
—
Griesedieck
5-
1
25c
—
preferred (quar.)
General Cigar, T/o preferred (quar.)__•
Greenfield
5-
25c
(quar.)
(quar.)-
T/o
Gilmer
1
.
1
5-
f 6-
—
pref.
8-
75cY :
:
(Initial quar.)—
Luxe
Brush
r
Z
•
(quar.)—
Brewing Co. of Mich,
Freeport Sulphur Co. (quar.)—
Fuller
1
$1%
5
4-30
1
7-
t
,
4-15 •'
5-1/./
Y
4.144
/ 4-15
"
Atchison
,5-26/
,
.
5-15
5-15
t$l'/4
-
preferred (quar.).
&
Ferro Enamel Corp. (quar.)
Firestone Tire & Rubber, 6%
Fox De
•
—
__
'/
5-23
$2
(quar.)
pref. A
1
7-
40c
8%
6"
15c
(irregular;
Durham Hosiery Mills,
5-
75c
-
preferred
4-20
5-15
■■:
.
—/_
'' ■'
Corp;/.(s-a)
Arnold. Print Works, 5r/p preferred—;—;—
Associated Telephone Co., ttdYv -/ /
T.4-22
7%
St.
8-11
4-25
$1
25c
(quar.)
1
9
5-15
,v
1
1
/Y-9-15
$ia/4
Argo Oil
A5-26
preferred (quar.)—
—-—
Louis Car Co., 7% preferred (quar.)——
Louis Screw & Bolt, common—
i—
$1
1
■
1
Saco-Lowell
5-
common———T—_
(quar.)
Duplan Corp., 8%
1
5-29
(s-a)
1
30c
-tl%.
5-15
"
5-
$iy8
5-15/
: •
^
common——^—2_
convertible preferred (quar.)
$2 Ms
35c
(increased s-a)__
Ltd.
i.
13c
—
Corporation,
preferred
3
5-
Corp.,
T/o preferred (quar.)
Royal Trust Co. (Montreal) (quar.):—
Russell-Miller Milling (irregular)——
Rustless Iron & Steel, common (quar.)
5
3-
50c
Co.
Dominion
5-
4-13
t$3
(quar.;
Dominion & Anglo Investment Corp., Ltd.—
i'/o preferred (quar.)—
Dravo
4-16
;
5-15
,
6-
;
5-15
•
1
5-
37'Ac
"Y41/ifo preferred (quar.1l'i-Y'-_;___-_YY/
A Appleton :CoJ, commonY.iYY/ tYY/ /
7% preferred (quar.)--.^——-------—-,.
? ./Arcade/Cotton. TVIllls,'' cohunoq^/i YA . Y-Yl' 'l
4-21:
A 6-15
Service Corp. of New
Reed-Prentice
37'/2c
preferred
preferred
Manufacturing
Douge
9
5-15
$3
4-27.:
5-15
.
50c
'
(interim);
participating
8
i4c
Y
•
6-20
.
2'/4C
•
$5
5-20
•
6-20
.
^
2
t$3'/2
Mines, Ltd.
$3
—-
11-
(quar.).
6-
50c v :v
,
8-25
11-25
-
6-1
.
f
62'Ac
5-25'
-
1
12- 1
75c
■/
:!
l'V
/;' 9-
30c
American Viscose Cdrp., common.
l'k": /4-21>
5-
■
;
■
35c
preferred (quar.)———
6%
preferred (monthly)
—
——7% preferred (quar.)———-T-->
8%
preferred (quar.)————--—.—
Quaker State Oil Refining—
Railway & Light Securities, com. (interim)'
6% preferred A (quar.),-—————
Randall Co., class A (quar.)——
——
Derby Gas & Electric Corp.
Diamond Match Co., common
v> 6%
(quar.)
.i
Jersey—;
Co.
7-20
15c
6%
Co.,
iii/a
'
$1%.
(irregular)—
common
Water
1
—
Seal
&
'
:
:
5-/1 yy
:
31 y4c a
.
8-
(quar.)
5-15
■
—
$l'/2
(quar.).
Covington & Cincinnati Bridge Co.
Crown
20C
-.
5'/2% prior preferred--—
Rubber, 7% preferred ^quar.)—
B
Princeton
t.005c
Imperial Mills, Ltd.
6-
$I.3/4 ;
A :'6%'
-
.4-25.;
,4-27.:.
r
(increased)
Public
•
5-20
6-15
34?/«c V
5-15 : '
Y5-U5 ::
■537Met A
4-21
...J
4-23«>
$1%
-,■
■
/•/' 5 -15
/■•>. $1
$1%
4-16
4-15
4-20 v
-:•■ 6*
1' /; 4-14 •
6i
preferred (quar.)
"
5-1
.4-17
.// American Zinc Lead & Smelting. Co.—
^ 4-21 •
A • S5 cpny/:prior prefemd/Y--/iYYi/-_-—.V / t$l'/4
6-20 X
"i .75c /V 7- 6/.v
Amoskeag Coi, common (semi-annual)——
•' 6-20
$2.25 yt
7- 6
.ry .y,.$4.50-preferred :(i^a)/;
4-20
15c
Anchor Hocking Glass Corp., common.;
i 4-30,
'5^1A;-A4'.22y
Anglo-Canadian Telephone Ct>.— ;*/Y ;' ;Y* V
/ 5-1
Y 4-15 •
X5^. I A
$68%c
: A * 5 »/2 %
preferred.; (quar.)TY«YY_Y.Y-—
i 5-1 AA4r22
■Appalachian.^JSlectrie .Power./Co.Y/' /,*
-:V
,5,,5Y
.
1
2c
I
/
12-15 1
Y::5YlY
25c
A__
com.
12-15
1Y
5-
"
9-15
,
"
4-3(1
50c
,
—-
American Thermos Bottle Co.,
>
9-30
12-31
Y 20C /
/*
9-15
12-31
(quar.,).-*
LYY
Co
Stove
'6-15 Y
*'
9-30
;
$l3Al Y
J
6-15
6-30
5%
$ 1 Mi
> A
5%' pref. (quar.)ir—,
\
5-
.i.
Insurance
A;
»4-22i
$iy2
Spring—-
Cushion
first preferred
7%
•
American
6-1;
//
Vr 6-30
$1%
■
50c
Life
American
?2
5- -1
j5r'JY:
.
Quarterly
Continental
5-15
Y
4-21
•6-25
50C
(monthly)
,(quar.i-____^rA._-—Y—
7%A preferred
,
12'Ac
;
•
$3 pref. (quar.)-^-
Products
Home
>
•
.
$l'/a
(quar.)
V
5- 1
4-21
'
preferred
'•/ American Smelting & Refining—
5-12
4-29
.6-,, 1 r\
i
(irregular;
'
9-21
n $I3A
(quar.)-Y-~---A-.---—--:v
American Safety Razor/
5-14
5-29
•
—
<quar,)„—
Manufacturing, common
t37'/2c
Co.—i
1
5-15
5-25
..
$l'/2
preferred (quar.)—-i—_;
Peerless Casualty Co., commbn -'(s-a)'_-K-—'
/ 6% preferred (s-a)—
—
Phillips Pump & Tank Co., class A—__—
Piedmont & Northern Ry. (quar.
3-21
—
Commonwealth Internat'l Corp., Ltd.
,50C
Pittsburgh Steel,
———
(initial)—;
Colgate-Palmolive-Peet, $4.25 pref.
Continental
6%
3-21
■.10937c
5-15
6-.15'.
$1%
.-lOc
preferred (quar.)—i——->—
preferred (quar.)———---—-—
Paton
6-20
1
(quar.)" ■Z:■?' 50c
r// 7% preferred (quar.),^—
"
7%
Company
Ltd.
preferred
6%
1
25c
American Light & Traction Co., com. (quar.)
6%
preferred (quar.)__»»__:—5——
American Paper Goods, 7% pref. (quar.)_>
A
6-10
15c
$ Dry Dock Co.1-^ ;"
common—!.
Pacific Gas & Electric,
■■
Ci. $l'/a
Clayton Silver Mines
Commoil,
5-15
6-20
Chicago Yellow Cab
Copper
5-15
t$l'/a
;
4-17
30C
25c
8%
Chile
1
1*
;
•':■
7-
10-
50c
(quar.)_:J»__2_./..lY_i__
A/$2 'preferred(quar.)Y'l—/Y——"'
"
5-16
Extra-
Corp.—
(quar.;___—;
'5-1
'.'.5-19 A
■
Otis Elevator Co..
t.09375
Company—
——Chicago Wilmington & Franklin Coal
8%
preferred (quar.)—
-
6-
t$l3A
Y
Chain. Belt
■
2
6-
/
$l'/a Z
'
preierred
5-2
V 5»/2%
.Y—_i_.
R__
Central Vermont Public Service
$6
5-
7
$1 w
(quar.)
preferred
B—;
7
5-
12-19
LineYYH-'-r-^^A-—AA-A
American General Corp.,
^
:25 c
preferred (quar.)„r ;
v
$l'/a
Envelope Co., 7% pref. A (quar.)
Quarterly
—
1
—
r
.
':$i;
"■
12-29
$iy2
American
Y
.
$1'A
preferred (quar.)
AY/Quarterly
;>.:i 6-'
preferred (quar.)———
Oswego Falls Corp., (quar.)
Co.—
'
.
5-15
5-
4-20
y
4-11/
1
50c
' American Can Co.
'
'
—.
common
4-25
":
i
"
5-
(quar.)
A. American Barge
:
.
6%
4-30
75c
$l'/4
,
$7 prior lien preferred—
.__________Y
$5 prior lien preferred-—
—
Central States Electric Co.-t»
Y Vh- preferred A__
>7% 'preferred'-——-————
———
;;/.</6%
5-20
5-
pref._______
conv.
Utilities
1
'
1
(Charles F.)
Noyes
■
noc
__
.Y
5%
West
5-15
25c
Central Ohio Light & Power $5 pref.
&
1
'25c
(quar.;
(quar.)
7-
5-
'
22V2C '.
Co., 6 'Jo pref. (quar,)—
O'Connor, Moffatt & Co., $1.50 class AA—— j; ;t37'/2C A
$i'/2 •;
Okonite Company (quar.)
¥
r.50cr
-Extra.i
——-——i-8"
5-15
6-
UOc
2
:. 6-
$$2.,
.
(quar.)
common
Central Foundry Co.,
Central
'
—______
& Power Co.
Cedar Rapids Mig.
preierred
(irreg.)
:
•:
85c
(interim)
(quar.;__.
Celotex Corporation,
5%
Ltd.
Co.,
Alcohol, cl. A
(interim;
M.) & Co.
Castle '(A.
pre-
i—_Y
Y.__
stock
ferred
4-20
4-17
Hudson Power Corporation—
r ^ y5% first preferred (quar.) -i-1—
5% second preferred A (quar.)
5 'k second preferred B (qua^.)-j..
'
Noranda Mine#Ltd.
(interim)-—
North American Oil Consolidated- (quar4-_— •
aii arrears
,
'
:5- r
i
$2
•
preferred (quar.)
$5 convertible
(quar.).
clearing
;
Niagara
Ltd., $3
conv.
pref.
Stockholders approved plan for
by raising the annual
dividend rate from $3 to $3.40 and in¬
-
5-15
:
4-30
$iy*
/
(quar.)
•
f
i——
■
Breweries,
Canadian
6-15
7%
4-20
1
'A} YA.;')/XlfAY
Y--————
4-13
5-1
Amalgamated Sugar Co.,'5% pref. (quar.)_>
6-15.; ;yi5rl5>AA Amerada Petroleum ~ ( quar,;
'
of Rec.
5-
25c
-
f 11 Common;,
'
(accum.)Z
4-15
American
pref.- (quar.)
Newport News Shipbuilding
t;
1
.5-9
England Water, Light & Power Associr
ciates, 6% preferred (quar.)„u-_———
4-10
6-15
5-
Holders
yy; 27c Z
—
Manufacturers,
Common
:960
New
4-20
'5-15
A
Cos.
-Neptune Meter Co., 8%
(San
10c
prei.
Protective
National
•
..
S.) Company-
Aluminum
■
$2.50
—fc-a—u-
: 3-14
Payable
share
-
;AA 1% preferred jquar)
YiA-Y—
f
■ Common ""(quar.)' ^.--.1./Yi———--K-i-.'
:>•. '4-i4'^
7%, preferred (quar.)
—4—
4-24
.
50c :
—
National Acme Co.
vNational Biscuit Co., 7%
;
«•
35,000 adidtional
covering the
(s-a)
.
4^20>
r
Mountain Producers Corp.
>
I
1
i,
Portland 'Cement-_:_,_/___„^/^_—
Alpha
A :
(quar.Ji—4-
•-
4-20
•VMiC1' •'5-1
—
period March, 6 to June.1
Essex Extension RR. (s-a)
i—rMorris Plan Co. (Rhode Island). .■ >v". ■
.V; Reduced quarterly ___—L'
Motor Finance Corp. (quar.).—--—» '
Mountain Fuel Supply Co. (Utah)
(irreg.) — (r
9
,
'
5-
:,;4- 1Y
:
•
•
t
Morris &
4-22
•
-37;/2°
6- '1'
*;
1
Corp.—'
Accessories
Aloe (A-
March,
in
6-15
6-15
5-15
Y
/ 50c
/AA/Preferred'
•;
(; 'Preferred '(quar.)..Ir-.».---^-/:j-AL.>'_/w~v
•/
.••'
1
.
50c
j
'
5-15
.
'5-15
5-
Name of Company
preferred
—-—
Albers Super Markets, Inc. pref,
<;
6-20
V; >5-
4C
■
5-15
68 %C
sold
shares
5-15
1
!
■
1
.
Louis), (quar.)
participating stock (quar.)
A
■30c
y'>1.1
A $5
;•;
4-20
V5-25
45C
•
4-20
5-15': '• v5-<.6:-
r40c
.
5-15
1
Y7-TYY
The list does not include divi¬
A.;
,
conD.Apl'ef. (s-a)
Alabama Power; Co;—
5-12
■
A.' 6-20
75 c •,
•: v
—
-Monsanto Chemical Co., common
5-10
35c
Reclaiming Co.
Rubber
$4 preferred series C—
A
dividend
on" the
5-14
-
$l'/2-"
+
4-25
5-15
20C
30c
;V5- '4 '.
1
5-
25c
9
$50c
iquar.)..
snares
V5-15
1
5-
/•;
25c
—
Canadian Bakeries 5%
6-
$1
.
Ltd.—
(quar.)-
snares
4
Class
class A common
Byron Jackson Co
Uaule & Wireless; (Holding), Ltd,-—•
5'A% preiemice (final)
California Pacific Title & Trust Co.
Fran.;; 7% preferred (quar.;
Mills
5-
7-
week/ these being given in they
"$0;54
7- 1
try
37V2C-
-
preferred (s-a)—i——
Metropolitan Storage Warehouse ^
i.^___
iMidwest Oil Co., common (S-a)——'
8% preferred (s-a) i-i-.
*—*.>
/ 5-20 Z
Y
Burlington Mills Corp., common (quar.;
$2. io convertible preferred (quar.;
Malting Co.,
1 V
6-
—
6%
4-22
4-29
$$2»/a L
preierred
Canada
4-24
6-1
Bros.
Callaway
:;'i
(quar.)
common
6-15
;
.-
(quar.;
Business Capital Corp.,
1
;
si
Corp.
Co.
5-
.
Telephone,
Meadville
(re-
Tooacco, common (quar:)___Y
(quar.;—u——
—_•
Brentano's Book Stores $1.50 class A (quar.;
BrucK Silk Mills, Ltd.
(interim;
BIocii
5-12,,:
>6-3Q
•
•'
5-29
7'/2c
—Y>-*
Balding Heminway
5
4-24
25c
(reduced quar.).
(Des Moines; (quar.;
Co.
Banners Trust
5-
1
t55c
tquar.;__*_YY
quar j
commercial
Banners
5-25
■
...
6-15
Y;
(quar.;__—
Insurance
1
5-
87 y2c
(quar.;....——------
Shippers
BaiiKers
6-
15c
(quar.)...—Y.Y/
Toronto
BanK of
t
-
.5-30
,
50c
(quar.)..
(interim;.
common
•
Y 5-15
40c
6-15
$1%
Adams-Milils/Corp. iquar.)j.---Y—A—rr--r/
Aircraft
"4-30
$i"
9 ;
YY
*. ..
5-1A
-06-VlV:
.
.
5-
A 6- 1
$T.
preferred (quar.)———v—^
50c
?;Lynch Corporation
———
50C
Mackintosh-Hemphill Co. (irregular)-—
.c;-".5c
Managed Investments (quar.) ——_t-■(
;>■:, 30C
Marine Bancorporation, initial stock (quar.)
30c
Fully participating stock (quar.)
—_
$i Vz
Marion Manufacturing Co. (irregular)
./-■ " -i.:
1.: /
»J
When
A*
*
^
1.
'6-
75c
•
———————
"
4-20
$1
1
a
4-27 A
4-29
,.6-1
8%
.5-29
;/$l%
(quar.).....
common
preferred
convertiole
i'/o
(monthly)
(monthly)
Common
5-14*
1
6-
6-20
/
preierred
Bandini
7-15
:■/ 5- 1
Foundries—_.—Y—
steel
Armstrong
50C
y
5•
r' im 75c
(reduced)
4-20
25c.;
(irregular).—
yet paid.
preceding table.
4-30 •:
;
';.-'40c;r
.
1
5-.
'
,
.
5-
-
10c
5-1
s-r
75-15
15C
(monthly)
Pipe Co., common
Common
4-21
Sanitary—
——Y-Y-Y
(quar.)——i.
..—;;
ArKan^as Natural Gas, 6% preferred——
A'/a
5
t$l3A
lY
prei—:
(quar.;
American Re-Insurance
x rap
i_—
—
(reduced)
B
Class
Lock Joint
60c
(irregular;
& Standard
Radiator
preferred
Animal
(quar.)
Corp.
Savers
5- 8
■■'V
5-20
"
Paper Goods
American
6-
20c
(monthly) _•
Corp.
Products
American Puolic Service
American
6-15
Tourneau
1
5-
*./
give the dividends announced in previous
we
announced this
dends
5-15
75c
•
■
5
6-
(liquidating) ii— r
(R. G.), Inc. (quar.)—'
Liggett & Myers Tobacco, common
4-22
«
$lJ/2
(quar.)
Home
American
25c
.
5
6-15
Z
t25c
•
6-
5-1
$l'/4
preierred (quar.;..
Disuiling Co., 5% prei
American Fork ac Hoe Co., common
t>>
American
American
/
5-25
*
y
8c
15c."
,
:/,
$$1%
—......
Below
weeks and not
5-10°
(quar.)—J
Co.
Heater
Z-30c
——
Wyqtt ,Met^l & Boiler Works
4-20
-
e-1
.
r
1
(quar.j.;
preierreu
American
(irregular) _•
5-15
s-io9
•
Aetna
of Rec.
5-15
$iy2'-
Air Brake Co.
r—-rPaper Co., common...^
AA" 7% preferred (quaT.)_A-^J__-™iAA:':-_-U
-'-White (S. S.) Dental Mfg. Co.„.--.-i:^-
6-15
>
6-1
t$l V*
.
(quar.)^
25c
(quar.)
Virginia Pulp &, Paper
Extra
>
5'
$1.68 yi
Lebanon Steel & Iron Co.
(quar.)
5-.1
—
.
■/
5-15
7-1
$1 conv. pref.
Co.—r
Payable
4-30
^
$l,/2-;
■
;/ /
5-
Mfg. Co.,
Holders
When
Share
A
Whitaker
4-22
.
5-15
-
-
50C
!
Participating':;;'^-—
Kinney (G. R.) Co., $5 prior
.
A
Name of Company
Westinghouse
.
A 4-15
4-30.
$1%
pref. (quar.)
conv.
Kellogg & Bulkeley (quar.)
Kenaail Co., $6 partic. pref. A
v*
4-23
'5-15
5C *■
—
-
——-—: j- X $1V2
preierred (quar.)—
6'%
Keith-Albee-Orpheum, 7%
i
(quar.)
common
^ 1 ley y
preferred (quar.)__J„__A_l.
AWestchester Fire Insurance Co: (quar'.)i_-_
1
■y 5-15
1
5-
-Monday, April 27, 1942
•
r}.Z 6%
4-17
"
•4-20~
-
-
A7-21
V
5-1"
V
_15C
Co. (quar.)—
—--—
International Rys. of Central America—
»■
5-29
17 MjC
Hussmann-Ligonier
,
/When
40c
$l'/2
Co., 6% preferred (quar.)„
Hub Loan Co., 7% preferred (quar.)
-r
5%
7fa31
West
6-16
.
■
'5- 1
30c.,
(Joseph)
Home
The dividends announced this week'are:
Per
——■——
conv. pref. (quar.)--. > ;
Co. (quar.)—s,—;u-*
industries, 6%
follow with a second table
current week.
whicn
Monthly
5-19
,
6-26 "
15c
.
.
Higgens
>
15c
—1
5-29
.
;
Per
^' frA J.
of Rec.
Wentworth
15c
..
:
——i
;
'
Holders
Payable
snare
■
——
—
When
Y/
v
.
$1.9469
$1
/
5- 1
5.23
■
!•
5-25
-
Number 4067
Volume 155
;;
"ftftftft-V:1649
THE COMMERCIAL & FINANCIAL CHRONICLE
,
x
/•ft V"
ft
■',/■'••.
.
*;.
/
'
y
Name of
Caldwell .Linen
Company v
Mills, $1.50 1st pref.
'
2nd
80c
partic, preierred
(quar.,
■
Ltd. -(interim)-
Caluoima
Electric
preferred
Fire
37%c /
62VaC
(quar.).^_r.—
Insur.
-
,,
;
1
1
1
ft
/
:
-
.
r.'
.
'•
4-17
1
7-21
loc
11-
1
10-20
International
12-27
12-17
International
Metal
1
4-20
Eastern
Shore
$6.50
Electric
>
3-28
&
Share,
$6 preferred (quar.")
&
$5
6-
1ft
6-
1
$1V4
Williamsport RR. (s-a)——ft—
5-
$iy3
preferred (quar.)
—ft—'—ftft——_ft_ "ft
ft 556-
$1.14
Empire & Bay State Telephone—
5
4/<> guaranteed .(quar,)—.ft—
4-15 .■
3-31
3-31'
*"3P
6-1
$l3/a
$1%
ft
5%'
:
.5-20
ft
Chain Store Real Estate. Trust
lMass,)-~„
5- 1
' &$ls/8ft.
6%
;v
; /
;
;
L_——
.
.
'
'
5%
4
i
preferred
5%
'
'
5%
Fire
Association
National
First
(quar.
National Bank
1
4-
6
1
4-20
Columbia Gas & Electric Corp.—/
preference (quar.)
preferred, series A (quar.)
Pictures, $2.75 conv. pref. (quar.)
Columbus
5%
Foods
eVa'fc
'»
Corp.,
Concord
(quar.)
Edison
Co.-—u
Investment
,
—
Assurance
Quarterly
Quarterly
——
$2.20
preferred
$1.40 class
6- 1
6- 1,
6- 1
5-16
t35c
I. ''.- "v,-
A——
Inc.—
Industries,
Chemical
Consolidated
12-31 ;12-24'
^.$1%
International
Machine
10-24
International
Nickel
6%
8-21
in
11-20
7%
S7V&
i-
preferred
5- 5 "
5- 5
:
•
5','0
9-15
12-15
5-1,
preferred
1%
Common
Crown
7c/(
;.Crum
6ft
(quar.)
Clinton
Port
&
—
RR.
—
(quar.)——
s*>
Power
Light
&
:
;
—
preferred (quar.)
Cunningham Drug Stores, Inc.—
77
6r/o class A prior preference (s-a)
Curtis Publishing Co., prior pref. (irregular)
Dallas Power & Light, $6 preferred (quar.)
i/i 7% preferred (quar.)
Davenport Water, 5%
,
Brothers, Inc.
Davidson
Davton
Rubber
Class
conv. prior preferred
Class A common (initial)
,
s■
of
1/100
*
each
a
share
7-22
Hart
--
4-20
(30c in cash and
share
&
Shares,
Mfg.,
Common
(s-a)
$2,1-5-43
'
(
Di-Noc Manufacturing Co., 6r/o
Distillers Corp.-Seagrams—
5%
nref.
(quar.)
Co.,
preferred
00
.
Extra
(quar.)
(monthly)--ft—i
ft—"
Linoleum-(quar.)___i__
•
-
pref.
_
-
5-1
5- 1
•
,
5-14
621/aC ft '7- I
35c
5- 1
10c
5- 1
•
50c
5-1
" " 25c'
4-"*0
- •
J30c
-4-30
rftUOc
4-30
Ltd.—^
t
4-28
4-10
$20
5-
4-25,
$1
5-' 4 ft
4-
1
6-20
5-1
4-20
6-1
7-
$1%/
8-
7-19
5-25
5-15
7-
1
10-
9-22
1-1-43
12-24
tlOc
6-
1
5-
8
6-
1
5-
8
25c
5-15
$ 1 Va
—
_:
Landis Machine Co.—
1
8-20
Quarterly
Quarterly
1
4-15
5-
1
4-15
5-
1
4-15
6-
1
5-20
7%
5-20.
7%
6-1
55-
1
7%
Langley's, Ltd.—
5
6-
5
9-15
9-
ft
5
12-15
12-
5
5-1
•
convertible
12-11
30c
5-15
5-15
:i-
20c
4-27
4-
6
4-27
4-
6
37 Vac
5-
1
$1
7-
1 ft.,- 6-13
Extra
—
30c
:
4%
ord.
Ltd.
L.)
Co,
5-1
4-15
2c
5-15
4-30
5-1
4-20
75c
Natl.
4-15
1
1
4-
1
7-
1
■1
Ins.
Co.
•
Electric
Tobacco,
4-25
5-
1
5-
1
1
4-15
___■
Co.
.
Powder
Corp.
6ft
6V2%
Liquid
preferred
r
preferred
(quar.)
(irregular)
E.)
(New
(quar.)
Co._:
—
preferred
Little
27
to
Miami
April
RR.
10-28
5-
1
4-25
'
30)
4-23
50c
6-20
8-
8
15c
5-29
5-
8
50c
6-
1
5-
8
7- 1
6-15
5-
77 %c
:
4-15
1
ftft
5-15
5-15
Original
6-10
Original capital, (quar,)
Original \ capital (quar.)
capital
T'
period
Co.—
1
1
6-20
(quar.)
6-10
$1.10
3-25
$1.10
;
8-24
12-10
ft 11-24
50c
■
9-10
$1.10
—
6-10
5-15
5- 5
Special
5-
1
4-15
Special
guaranteed
(quar.)
50c
9-10
7-
1
1-10
Special
guaranteed
(quar.)__,
50c
12-10
11-24
4-30
4-25
15c
/ft 5- 1
4-25
'
Loew's
guaranteed
Boston
(quar.)
Theatres
1
5-15
1
6-15
7-
1
6-15
5-
1
4-25
4-30
4-10
5-
1
4-15
5-
1
4-15
5-
1
4-20
Loose-Wiles Biscuit
5-
1
4-16
Lord
5-15
4-30
Louisiana Pwr. & Light Co..
4-29
Louisville Gas
'6-17
$2
5"ft
4-22
5-
5-15
4-25
Lumbermen's
4-25
1
4-20
1
1
'
5-
1
4-15
6-15
5-15
5-
lr
r
6-
6-
5-15
5-
4-15
6-
4-30
5-
4-15
5-
ft 4-15
5-
:*4-15
5-
•4-15
5-
3-3t
4-21
7-
ft; Quarterly
&
7-
10-
2
.a
•:17c
4-30
Indiana Assoc. Telephone $5 pref. :fauar.>—
$1V4
ft 5-.1
4-8
ft
4-10
Co.
(Phila.)
(s-a)
ft
1
4-17
4-17
ft
4-28
2-28
5-1
5-15 !•/:,
&
Insur.
(Los
7-
1
10-
1
$l5/a
;
•
ft/ft
$3 ftft
ft
preferred
preferred
6%
1 ft; 6-15
5-15
5-
8-15 ft
5-
1
5-
1
5-
1
5-
11- 5
5
5-
75c
1
'ft
$1V2
1
'
35c
5-30
4-27
ft
4-20
'ft 4-17
4-17
4-15
ft
5-29
8-31
8-29
11-30
11-28
5-
1 '
4-20
5-
1-
4-17
6- lft
$l%"?.;\ 5^'l;ft ft.
/ft
5
8- 5
11-14
50c
i/ 25c -ft:-6- 5
preferred:(quar.)______.___—r^-ft
6%
4-15
■
5- 1
4-10
of California—
5%
ft
7-
87VaC
—
5%
ft-Cftr
-
ft; 4-15
1
5-1
$l'/2
v
Acceptance Corp.
12-22
fti;"}'K■
5-
$1V2
.
9-21
1
(quar.)
(quar.).:
"ft
5
6-20
ft
1-2-43
$1.31%
■"
43%C
pref. (quar.)
:
'433/4C '
7%
preferred (quar.)_—__
43 3/4 c A
7%
preferred (quar.)__—
$1 Va v
ftMcCrory Stores Co.; 5% preferred (quar.)__
50c
McGraw Electric Co.
(quar.f____i———ft
Mclntyre Porcupine Mines, Ltd. (quar.)____ ft $55VaCft
preferred
5-
$ls/a
$l5/a
Co.(quar.)
Ang.)
4-17
5-15
50c'
■
4-18*
30c ftft 5-16
$1%
—
—
McClatchy Newspapers, 7%
9-30
12-31
5-
5-1
$2
$l'/2
Maytag Co., $3 preference (quar.)
$6 1st preferred
(quar.).;
McCall Corp.
(quar.)—-*—--:
6%
11-20
1
$1V2
Bonding
11-20
1 ft
5-
25C
Investment Co.
1
12-
p;$l%ft'
..McLellan Stores,
12-
'
25c
(irregular)——-——ft. : ftftft
Insurance
Mavfair
6-30
1 ft
Co.
Massachusetts
'
-
8-20
$1%
2nd preferred (quar.)__
$6 pref. (quar.)
Elec. (Del.) —
—
Mercantile
1-2-43
lift'
8%
'
4-11
5-
9-
25C
ft
;
ft 5-15
25C
•
Quarterly —;
4-25
5-15
8-20
-ft/—
|Quarterly
4-25
5-15
o
(quar.)—;
r
'
4-20
5-20
1
:
Co
—
4-15
5-
$1%
'
1
9-
(quar.)
Steel
5-20
6-
ft
Co.
(irregular)
1—
preferred (quar.);
6Va% preferred (quar.)
6 V2 % preferred (quar.) ___-_
—
Luzerne County Gas & Electric—
5 Va %
preferred (quar.)—
Lyon Metal Products 6% part. pref. (quar.)
Lynchburg & Abingdon Telegraph Co. (s-a)
Magnin (I.) & Co., 6% preferred (quar.)__
5-15
7-
1
25c
___
6V2%
6-15
4-30
Lukens
8-24
$1%
ft
(quar,)
Lunkenheimer
5-15
Class B
4
6-
ftft.t$3%
participating preferred
& Taylor,
6-
;
Participating
5-15
25c
-
$1%
Participating
participating preferred
Participating
3-25
'
•*/.
(quar.)
5%
10- 6
1
participating preferred
5-15
30c
—
5%
6-13
10-20
5-
50c
__:
ftft
(quar.)___
Longhorn Portland Cement Co.—
6-
7-
—
I
7-25
1
preferred A
from
covering
6-
20c
Orleans)—:—
common (quar.)——
(quar.)—-;:——-
Incorporated Investors
1
$l5/a
4'/2%
Corp.,
dividend
6-
683/4C
t$4
$l5/a
t75c
t75c
$2c
$lVa
75c
$1
$1
(quar.)
•
Bank
8-
11-
t25c
(quar.)
Carbonic
$l3/i
t5c
68%
ft
ft
National
30c
_____
25c
$4
Co.,
1
;
Printing, $3!/2 preferred.——;
Co., com. (irregular)
(quar.)
i__
Link Belt Co., common (quar.)__
4-25
5-
35c
tlOc
ft
preferred
5-
25c
(quar.)____
(irregular).—_■!
Light
5 Va ft
Times,
4-20
30c
5-
90c
50c
preferred
Ltd.
1
Match
Lionel
Feb.
(irregular)
7%
5-
■'ft-
__.
25c
Co.,
4-20
50c
(quar.)____
(Ft. Wayne)—
Lincoln
'Lion
6-30
4-25
5-11
5c
$2'
(quar.) ft—_ftft_v———ftft__
& Co.
4-20
5-1
l
Extra
5-
15c
"
<
ft
1
50c
-
'
(Initial
_
;
5-29
Co.(Rochester)—
8c Tr.
preferred
Life
Extra
7-
130c
(s-a)—
Ltd.
4-14
5-
6-15
87 Vac ft'-
(quar.)
Bk.
(quar.)-
convertible
7-15
$l3/4
common,—
(quar.)
Co.
Mines,
"ft
1
45c
25c
30c
Alliance
4-30
9c
S2
$iy»
$iya
X2c
tV/2
reg.__
Co.ft (Dallas, Texas)
Company
4-14
"
ft—ftftfti—
preferred
ft
•
$l'/a
(quar.)_____
preferred (quar.)
£,AL1»
(resumed)—_ft_—_-ft—_
Ltd. class A
Ltd.
4l/2%
preferred
Common
Ltd.— ' ":r ""
for
2
9-11
150c
Lincoln
receipts
2
130C
(accum.)-_—_i
4-15
pref.
51
9-
150c
(accum.)
4-15
5-
■
1
6-
12-
(accum.)
5-15
5-
6-11
preference
4-30
5-15
4-15
Lehigh Portland Cement, common (quar.)__
4%
preferred (quar.)
i____
Lehigh Valley Gas 6% pref. (quar.)
5-15
ft
(quar.)
Co. (quar.)-—-—.
Leece-Neyllle Co, (quar.)
5-15
5-25
preferred
Lansing
4-24
5-25
Bryant,
5
convertible preference
7%. convertible preference
4-20
1
(quar.)___
Quarterly
4-15
1
5-
•
i
11-
6-15
$13/4
5-
8-
11-16
$13/4
Quarterly
8-15
25c
$l3/4
8-20
_
r
25c
1
Lane
5- 5
$l3/v
•
$3.50
_
(Chas.
—
t$iya
common
Battery
—
Lincoln
conv.
6-22
1
$1 '/a
t5c
5-20
1
$6
8 "
6-17
1
$1 Va
(interim)
5-1
Corp.,
5-
1
'
/ 15c/
(quar.)
4
4-11
5-.1-
Va/'
50c
■:
1
7-
■."-/t4Ci."'
._ift.__i.ftft
(quar.)
Lamaque Gold Mines, Ltd.
9-
-15c
25c
Hormel (Geo. A.) & Co., common
ft_
50c
6-20
1. 6ft preferred (quar.)!
$lVz
:
12-19
Horn (A. C,)—'
/: v':/
/■ft-i//'
.
ft
6ft non-cum. 2nd partic.-pref. (quar.)__
45c
0- 5
ftft, '7ft non-cum. prior partic. pref.1: (quar.)
8%c
/; 8*'3
/Horn & Hardart (N, Y.y (quar.)_—•
- 50c
4-20
Houston Light & Power Co., common.;.
30c
5-22
ftftft- Common,
•
- 30c
-~$6 preferred
(quar.)_——_^_ft_ft_
$1%
4-15
•ft
7ft preferred (nuar.V:ft
ft'.
$1%
4-15
Idaho Power Co., $6 preferred (quar.)^_-____
$1V2
"... 5- 1 ft
ft 'ft 7% preferred" (oun r.)
—^ St %
6-10
Imperial Bank* of Canada (quar.)
$$2%
"■
4-24
'Imperial Chemical Industries (ord. 1 (final). •'
a5ft
4-24;
ImDerial Life Assurance Co. (Toronto)— ;*-'/•
.
4-24
ft/Quarterly
—
{$3%
; 4-17 *.
Ouarterlv
_r.—*—
:
4-15
4-15.
1
t5c
$1 Va
Knudsen Creamery Co., $0.60 pref.
Laclede-Christy Clay Products Co.—
6r/o
preferred (quar.)
6% preferred (quar.)
6% preferred (quar.)
4-18
Ltd, (resumed)—_ft._ft_ftftftft_ft^
Horder'S; Inc. (quar-;) —-ft_-ftiftl-ft_ftft_ftft—ft; ft
tV
""■*
(quar.)—__ftl—"—'—ftIft__—ft " }$1% '-'5- 1
;-4-15.'-
Dominion Tar & Chemical Co;,
iV/V 5Va/e
:
$1V4
(irregular)l%c
ftv;Y 25c
Fields
Dominion Oilcloth &
20C
$1%
.
5-15
8-15
5-^ 1
6- 1
preferred
4-15
9-
.
common—
class'A' (quar.)^j„^.-—li-L
Domestic Finance Corp., common (quar.)—
V;Extra
.$2
50c ft
50c ;
'
-
*
$2,50
Dominguez
.
7
5-
iquar.)____
5-
——
t
(payable in U. S. funds)
Dividend Shares, Inc.
Dix'e-Vortex
fy
(quar.)
pref.
7- 6
$2
>
—
Y.I
5-15
Chemical
.ftft"7%
—
7
4-
(quar.)—
6-1
.
Semi-annual
preferred
1
5-
/ Home Oil Co.,
Detroit-Michigan Stove Co.—1
^,
5% preferred (quar.)
;
—
5 "r preferred quar.)
..Diamond Shoe .Corporation .(reduced)..-—^—,-
4-
5-20
first
1
.
Holly Sugar Corp.,
series A-
Detroit Hillsdale 61 South Western RR.
4-30
6f!n
second
*
4-10
4-30
/
25c
(N.
5-15
Hires
-
20c
$l»/4
62VaC
Advertising—
Hilton-Davis
(quar.)
r
—
$1
$1 Va
Brothers
Hibernla
-
4-17
4-28
87 Vac
_______________
$l'/4
(quar.)—ftft—ft—
Investments,
Trreeular
6
5- 1
10c
Libby McNeil & Libby (irregular)Libbey-Owens-Ford Glass Co.___
Liberty Loan Corp.—•
Hettrick Manufacturing Co.
dividend
5-22
15c
junior pref. (quar.)'
Mines, Ltd. (interim)
6
Hershey Chocolate, common (quar.)_
$3 conv. preferred (quar.)——
:ft__ft—
:.'f. /(Quarterly)
Gasket
5
••■•"
7%
Corp.___ft_ft—_iftftft_'_25c
prior
Hercules
Supply Co. of N. Y
preferred (quar
(Quarterly)
Stock
6-
:
4-10*
prior preferred—
Corp. of America 6V2% pref. (quar.)__
Electric' 61 Utilities, 6% 1st pref.__
Hearn Department Stores, 6% preferred-—
Hedley Mascot Gold Mines (quar.)_-—
7%
Detroit
Furnace..
Gold
5-
ftftft—
Hartford
5- 1
&
4-
Belyea,
(A)
7
4-28
75c
4-17
4-20
5c
Mining (reduced quar.)
Co., common (quar.)__—
(quar.)_-_.
;
Kokomo Water Works, 6% preferred (quar.) /
Kroger Grocery. & Baking Co., com. (quart)"
7'ft
5-25
1
Emil)
6-23
1
1/
preferred
6-25
6-10
6-
5-
5r/o
"
4-15
5-
Klein
1
7-
1
1
l'/ac
Kirkland Lake Gold
6-30
5-
4-20
5-
-
ft
1.06 «/4"
Kings County Trust Co.
4-20
5-15
4-20
'
.
<D.
4-20 ft
1
4-30
/•SIV.
(quar.)
4-17
,
1
5-25
pesos
"ft 5C
4-15
1
5-15
9
8-10
"
1
i___
1
Hat
-
5-
5-
11-10
5-1
,
8c
4-30
"
4-30
•
Kerr-Addison
5-
4-21
■'/•
1
10c
20c :;
:___
lft
12-
30c
(irreg.)___
preferred
(quar.)
Quarterly
7%
preferred
7:ft" preferred (quar.)—
Consolidated Mining, Smelting &
Co., Ltd. (quar) (payable in U. S.
Hartford
—
Ltd.
1
Havana
(quar.)
Co.,
1
9-
/
■•
1 /
6-
30c
4-16
5-15
.
5-13
preferred
4-18
Extrai;_—_—
-
Mines
Stove
11-20
Hosiery,
Hallnor
T
(quar.)_:-__:_____
5-
30c
)quar.)i__Lft:_l___
common
5-
deposit
B
Haloid
^
ft
5%
Corp.—
Insurance
Halle
held)
Deposited Insurance
&
(H.
Green
Dentists'
,
American
$1.80
(
$6
/:
Tin
Hartman
8% deb. (quar.)—v
37 Vac
/
Kentucky Utilities,
Graton & Knight Co.—
/
Manufacturing
Manufacturing.
4-1$
;_-ft
Leitch Gold Mines,
Shoe
Gulf
$3
,10.186c
5-13
5-25
75c
t$l3/4
25c
30c
40c
SlVs
$1
T__—'ft——ft 2 ft ftft
ftft
Grand Rapids & Indiana Ry. (s*a)________
4-22
,-10-22
9- 2
4-15
5-25
87l/2C
ft_*_^_—_—
(quar.):.———
funds)
(quar.).-
A
Dennison
ft";
1——
(reduced)—————
Steel Castings
Power
$1
37%c
$lVs
——
4'/ar,r>
.
1
5-1
'
Dept. Stores, common (reduced).
Kellogg Switchboard & Supply, com.(reduced)
4-15
4-30 :
35c
(quar.)ft
'<' ■? Special'
---bht"
preferred (quar.).:
v'>
5Vafk preferred (quar.)——
Cuneo Press, Inc., common (quar.)
1
4-
I.—
Lerner Stores,
preferred
Granby
10c
R.
4-10
Motors
Gordon
Co.—
6%
5-1
$iy4
(s-a)ft—ftft—.
B
Corp.
Goldale Mines,
v
.
County
Cumberland
•
4-27*
Foods
Gotham
5- 1
; 11^ 2
Kalamazoo
4-30
1
Georgia RR. & Banking Co. (quar.)—______
Gillette Safety Razor Co., $5"pref. (quar.)—
Gold & Stock Telegraph
(quar.)
ft^
,
10c
10c
.
of
Inc., V/a%
12-1
p
(quar.)
preferred
Mills, Inc.
$5
,■
(extra i„
(semi-annual)
V
(quar.)_
preferred
General
4-11
;
4-
5-1
'
Royalty (s-a
Justrite Manufacturing Co.
(irregular)—..-
^
General
433/4C
—
5-1
8%C
S."
Kaufmann
'
"
2c
5c
—_—
—
U.
(payable
___ft
Ranch
5-
—ft'
(quai-.)_
Co.—
-
preferred
$4.50
,
Extra ;——————
:
(quar.)
Corp.;-7ft" preferred———
Finance Corp., 5%. pref. A
(s-a)__
Class
t$l%
Mng. & Milling Co.—
Drug Co.
preferred (quar.)
& Foster, 8% preferred
Culver
•,
Gold
Consol.
in
Stores—
(quar.)___
Tea Co.,
$2%
$l'/4
20c
30c
5'/2% pref. (s-a) ~
Cable
General
>
;4-ll
4-15
Jewel
Johnson
15c
commort___ft___——_:
Co.—
$3 convertible
General
preferred .(accum.)—,.-———
7%
4-20
4-15
,
ft,
preferred
4-10
Extra';
(s-a»
preferred
General
1"4-24
5 r,'n
6-13
.
Securities
preference.
General
3-27
5- 1
1
Fireman
4-20
ft
5-20,
ft,
(quar.)—ftftft
Industrial
Gardner-Denver
5-15
5- 2
,;5- 1^
6-13
*
Corrugated Paper Box Co., Ltd.— '
Cresson
"'
(quar.)
$4 participating class A_____ft——
6ft preferred (quar.)—
——
^:$l3/4
4-26
1
5-i;
'■fs
Ltd.—
Italo-Argentine Electric Co., bearer__::____3.£
Jantzen Knitting Mills, common (irregular)
4-30 ft
$1%
11
(quart) ——ft
Stores—
General Outdoor
Cooper-Bessemer Corp.—50c ,
5Corn ExcIl .Bank Trust Co. ,(K, Y.) (quar.) <■»,r
: 60c.;,;.v 6-
(
Conn.)
General
(quar.)—r—,
1
5-
.
$P/4
Canada,
9-11
4-30
*"
15c
5-
"
3-31
4-20
$1%"
of
Island Mountain
1
Telegraph Co.
ftftft $3.50
12V3C
Co., common, (quar.)—....
4-30
1
5-ft.X
40c
6-11
Trust
&
Co.
Quarterly
(quarterly
Ironrite Ironer,
8r/o preferred
6-
convertible
Fulton
pref. .(quar.)
i
87c
preferred (quar.)————
Container Corp. of America—-——
Cook Paint & Varnish, common (quar.)—„
$4 preferred
(quar.i———^
(W. B.)
5-
87 Vac
40c
preferred" (quar.)
Mfg. Co. (quar.)
6-15
1
preferred
Fruehauf Trailer,
Consolidated Retail Stores, 6r/o
Coon
2 Va %
(quar.)____
Trust
Participating
4-11 /
6-
Bank
Department
Iron
6-10
$1.20
$1%
(quar.)———r—_.
Corp. (quar.)——
Oil
Consolidated
6-30
"
4-20
50c
"-_ft__ft_______ft__—ft- ";.";. 25c
Fort Wayne & Jackson RR.,
(
%1V*
5
4-15
/
ft
5-15
$1 Va '
funds)
preferred
Investors
4-20
1
National
S.
U.
Interstate
4-15*
4-20
1
,
t- $5 preferred (quar.)——-Consolidated Laundries Corp.—s;
Co.
:*
1
/.ft7-;lft,'
■
50c
(quar,).
'
6-
60c convertible preferred "(quar.)—'
General
$1.50
Consolidated
Tool
7%
preferred (quar.)
(payable
funds)
;
-ft 7%
preferred ($5 par)
(quar.)
4-16
5-21
"
6-
Froedtert Grain & Malting Co., com.
partic. preferred, class A (quar.)—
37'/2C
5- 4
4-8
Cigar Corp.,;7# pref. (quar.)
$1%
6- 1
5-15*
0it 6'a preferred (quar.)—-—!———. $1%
5-1,^.4-15*
Consolidated Edison Co. of N. Y„ Inc.—v.H
i
•
5-
4-15
'
Corp., common
preferred (quar.)
7-25
6-10
preferred
Franklin
9-25
60c
55c
(quar.)———
6% pref. (quar.)-.
Cement,
ftft
6-25
9-30
$2,40 pref. (quar.)
5-
$1%
Intercnemical
4-25
4-30
17y2C ft
ft,-'7%
preferred lquar.)___
'ft_
;— "
17V*c
'7% * preferred : (quar;)ft_—ft ft 17'/ac
Foote Bros., Gear 6c Machine, common
1_
50c
4-14
4-30 >
6-30
i$7 Va
,
1
5-1
nv/2
,
shares (stock dividend)--/
Utilities, $3.50 pr. pref.(quar.)
■ft Subject to the approval of the SEC. -
5-21
6-10
Fitzsimmons
4-14
f$IVa
River Power,
"Consolidated
4-15
t$lV2
—-r.
,i—»
Connecticut
5- 1
5- 1
5-15
,
(accum.)____
Insurance group
1
—ft"'ftft 25c
(Stamford.
ft" 7%
'
————
Connecticut Light & Pwr.,
»
(Toronto)—
Quarterly
-
'ft
4-20
5- 1
4-16
4-16
5- 1
$1.63
; 45c
4c
t50c
(quar.)__„_-—
preferred
T/o
Gas,
Confederation Life
■
'
6-
:
1
'
Co.—
preferred
Commonwealth
(Ogde'n, Utah)'—' " " ■
(s-a)ft_'___
ftiftft_ft__—ft_ftft
Stamford
First
4-20
4-20;
5-15
5-15
5-15
5- 1
5- 1
$1V2
683/»c
50c
43%c
—.
Ohio Electric
& Southern
Commonwealth
A
common-
(quar.)I—
preferred
<q'uar:)__'l_
(Chicago)
(Jersey'City)' (quar.J—
Extraft./i-
.
,
,
5-15
$1%
$1V4
Cumulative 6%
Columbus
ft'Vft
'
•;
,
cumulative
5%
Columbia
ftftft Class
25c
preferred b'/o series (quar.)—,
$1%
5
5
4-20
5-
$2
my*
;'
International
-'iftfti—_ft
A
Extra
v -
Aviation
;
6
B. (s-ai—;
Class
,
—
Cumulative
Bank
Security Corp.
Colgate-Paimolive-Peet —
——
Colorado Fuel & Iron—2,-,-,—-.-—^—i_—
Special
$2
'
$1
20c
$1
20c
$2'/2
"ft
$1
■
ft
:"'ftft 50c
of
First
Chic.
Cockshutt Plow Co.,
*
'
(accum.
Ocean Telegraph (quar.)_____
Securities, Ltd.—
group shares
(irregular)___
4-
lft
6-30
75c
f-ftft-ftft—ftftftftftSCv
Philadelphia (s-a)__ft__
Firemen's Insurance Co.(Newark, N. J.) (s-a)
(quar
Cincinnati
preferred
(s;ar_-ftftft_ft___ft_ft_ft-___ftft '
Fidelity-Philadelphia Trust Co. (quar.)____
Fiduciary Corp/. (quar.)_ft_ft„__________
Field (Marshall! & Co. (quar.t__ft_____ft_*__
(quar.)
preierred
preferred
7'^'Extra
*City Nat'l Bank &
Cleveland
convertible preference A
preference
1
8-
Department Stores, com. (quar.)
35c
ft* 4y» % convertible preferred (quar.)—ftft_ftft ' $1.06 V\
4Va %
convertible preferred (quar.)_
ftft' $1.06Va
Feltman & Curme Shoe; $3'/a to $7
pref...
'
t$l
Fibreboard Products,- Inci-ft' ft":
;ft
ft : 6% prior-preferred (quar.')ft___*_ft_ft'ftft„__
$1%
Fidelity & Deposit Co. of Maryland (quar.) 1
$1
Fidelity Fund, Inc. (quar;>ft_ft15c
4-15
,
20c ^ 5- 1,. :
4-21
Cherry-Burrell Corp;, common-^-—--Ci—- v 25c
4-30 ;
4-23 y"
5Vc preferred (quar.)_
.Vi—$1V4 ; • 4-30 ?
4-23 i;
Chesapeake-Camp Corp. •? 37VaC^y'v5r\l;.:;^4-20;
Chestnut Hill RR. Co. (quar.);_;—;
1
a-r.- .R-^n
Chickasha Cotton Oil Co. .(quar.)——J„
Cum., New Orleans 6c Texas Pacific Ry. Co.
Quarterly
(
8.
6-
6-15
$1 '/a
;'*'
(quar.i__
7% pref. (quar.)__
Industries, Ltd.—
convertible
5-1
* $1
,
Federated
4*20
"\'4*30 I
$1
«
pref. (quar.)
'
(Providence)
Institutional
T
Employers Casualty Co. (Dallas, Tex.) (quar.)
30c
■ftft Quarterly/ ft—L—ft——ft—ft—ftft—-"ftft 30c
de Pasco
Chain Store Invest. Corp;, $6.50
Co.
4-24
v,
~
6- 1
; "
Trust
International
5-11
ft ft 5-15 :'":
"
'•
preferred (quar.)
6'/o
5-11
$lVa
SerV., $6 pref.'(quar.)
(quar.)ft———_
Prdduct'sft Lt'd.'" ('4'uar.') ftftftftft"—""" r' $25c ;
Bond
Elmira
•*
Public
preferred
Eastern Steel
'
5-
15c ;
-
;
<Do«iMVAttofl£*.^^
!:i;;CeifsnA Aircraft- iirregulatK---^-^^----^H-;
6-15
"
(Pgh.)' (quar.)—ft——_
.
Century Ribbon Mills, 7%. pref. tfjuar.>
4'A%
Industrial
of Rec.
5-15
(Chicago)—
Harvester,
15c
"
—ft——ft_——
/
Common
1
'
/ Cerro
Bank
8-
.
.
National
5-
15c'
:" 15c '
—ftft
Quarterly
,
Payable
30c
50c
Industrial
5-
(irregular)
When
share
"
of Company
Pipe Line Co.
5-
11- 2,:
"Quarterly-. ft--ft-fti——ft—.ftr——ftft^ftft—ft";ft.'' ft; 30c
4-30
Employers Group Associates (quar.) ft
>
25c
Special shares (quar.)—v
t4c .< ; 5-1 / 4-15
Erie RR. $5 preierred A
6- 1
(quar.')ftftftft——ft— ft
$l'/4
V (ft. Ordinary shares
(quar/)——r—ftyY, *4c
5- 1
4-15:.;
ft f $5 preferred A (quar.)—*
9- 1
ft——ft—i'ftft $l>/4
Canadian Investors Corp. ft Iquar.// tlOc
5- 14-18
$5 preferred A (quar.) __ftftftftftft_ft__ft__—_
12-1
$iyi
«
Special—
..v? ;J5c ,ft/ -5-/ 1
4-15.
Eureka Pipe1'Line Co.ft—_ft-ftftftft—ft'ftftft—^Ift,'";J' /, 50c ' ft 5- 1 •:
Canadian Marconi *Co.\;(firialK4r~i--'i~--r--'
. J4c
5- 1
4-15
5- 1
Faber, Coe & <Jregg,' ? % preferred" (qiiar.'jftft.
Canadian Oil Cos., Ltd. (quar.)—
$1% •
25c
5-15 ; J5* 1
Fairbanks .Co., common.
6-1
fti—ft-————ftft'''
15c
Capital Finance Corp.,
prei. isf-ai—;
$31
±
6%
5- 1
convertible preferred' (quar;)ft—'—ftft"
Central Ariz. Light & Power, $6 pref. (quar.)
Sl'/i
$1 Va
5- 1
4-15ft Famous Players Canadian Corp., Ltd. "—. ft
v
$25c ft 4-27
57 preierred (quar.)-—-—---—$l3/4
5-1
4-1.5
Fansteel Metallurgical, $5 preferred
6-30
Central Hudson Gas & Electric, common—ft'-'- 17c ••*. 5- 1
(quar.)
$iy*
3-3V
$5 preferred (quar.)
9-30
ftftft——'
$iy»
Central N. Y. Pow. Corp., 5'!o pref. (quar.).
-".$1%.
5- 1
;4-10
12-18
preferred (tjuar.)
—ftftft.
$l'/4
; Central .Power & Light Co., 7% preferred4-$1%
5- 1"' 4-15 ~ y
Farmers & Traders Life Iris. 'Co.' (Syracuse,"
7
Accumulated
$1.16%
5- 1
4-15
N; Y.)
7- 1
•
(quar.)
_____ftft__ 7
$2Vi
(
6W> preferred
;;' '$1V2 /ft. 5- 1 ; 'ft 4-15
10- 1
ft/ft/ Accumulated
—.1— //'/.
$1 / 5- 14 ' 4-15
Quarteirlyft_ft—I_l._ft_;i._ftrftftftftftft_Lftftftft_ftftL.''ft ft $2%
Federal Bake Shops,' comirionftft—_ft_ft______ ft
6-30
25c
Central Wharf & Wet Dock Corp. (irregif-L V
51
4-30 / 4-15 -
Fund, Ltd.— ;
Investment
Canadian
Indiana
5-15
75c
Holders
Per
ft
4-15
-
5-15 ;
$1V4
(quaift)-ft—ftft— ft " 1
ft———ft—ftftftftft.ftft.ft—— "•
Quarterly :ft:
Duquesne Brewing
5-22 :t
3-31
.
5-
Name
of Rec.
Payable
J$2ya
■
Hoiaers
When
Per'.,
share
(quar.)
(quar.)-ft_ftft_ft——
common
Quarterly
t
4-1Q
4-10a;
—
——
Cnemicai,
of Company
Canada (Toronto)
Drayo cprp.j d'/o' preierred
4-30
4-30
4-15
5-15
5-15 ;
Association '(s-a)
50c
5- 1
Can&aa Dry Ginger A*e --iftl-//—_ ft;/,ft' 15c/j', 6-10
Canadian Bank of Commerce
(quar.)——$2
5- .1 ,•
Canadian Bronze, common (quar.)—_—i£f?; t37%C;/, 5- l/ftft
5% preferred (quar.)—L—--Li,--.— // f$l V\/ft
5- 1m'.;
Canadian Converters Co., Ltd. (quar.),—150c
4-30/
Canadian Foreign Investment Corp., Ltd.—-'/'/ft*ft;/:' //ft
V r
ft ;ft Interim
ft,
170c
5-' 1
Canadian Industries, Ltd., class A (quar.)—
J$1 Va... 4-30
: Class B (quar.)
^$1 Va
^4-,30 ,
Canadian Insurance; Shares—' Xft jt$l / ;;• 5-11, ft; y';
5%
Camden
of
^5% preierred (quar.) —l.ft_ftft— L.^ftft''.'V
.
common_____ft—----ftftft
Calhornia Packing Co.,
v
Bank
'
d'/o": pref. tquar.),-.,
t$l V'aT
5-14-15 ft
Power,. $3 preferred-—:. ./V" 75crJ:' 5- 1/ ' 4-15*
Power Co.,'Ltd.
Calgary
Dow
'
*
Name
Dominion
4-15 ;
4-15 ;;
4-15
37c
5- 1
: 20c;/ i 5- 1 ■
t5c •?/ 5-15 ft-,.;
;
Calgary & Edmonton Corp.,
When
Holders
Payable of Rec.
Per
share »
-v;
(quar.) ft'...'
1
(quar.)
(quar.)__________—
6-ftl
25c
>
"
9-5
9-1
30c
.6-5
6-1
30c *
9-5
9-1
preferred (quar.)
6% preferred (quar.)
I ft 80C
12-5
12-1
*preferred (quar.)_/___.^__-i—'£ "?• 25c*V~lV 5/12-1
•
,
THE COMMERCIAL &
1650
;;
;
'
'
v
Per
Frank Co.
Meier &
Melville
common....•
(quar.)
Mercantile Stores, 7% preferred
■ ■■
Corp.
Dry
Chemical
Monsanto
preferred
Co:,
Dry Goods
op *orgmg
(W. R.)
____l
Quarterly
$2
$iy2
5- 1
3-31
__
(quar.)
>
J37c
Cleveland
of
12-31
-
5- 1
4-15
40c
5- 1
6- 3
4-25
5-15
25c
1 $1
5- 1
7- 1 :
4-20
6-20
7- I 0-
6-20
6- 1
6- 1
5-15
5-15
(quar.)____
1
Mining & Develop. Co. (quar.)
Mt. Diablo Oil
lc
5% 1st pref. (quar.)
Munsey Trust Co.(Washington, D. C.) (quar.y v.
Munising
.
7-1
10-1
" $1.06V4
Paper
Extra
$6 preferred iquar.)
Muskegon Motor Specialties, $2 cl. A (quar.)
Mutual Chemical Co. of America—
"
$iy2
50c
Muskogee Co.,
,4
t
i
!
Quarterly
Quarterly .:
:
—
1.
Series
(quar..) ——.——
B
i 3c
—...
preferred
6%
iquar. )__„____
;—...——..
Co—...—...
....
National. Battery
National
r
___
preferred (quar.)...
Metals
Bearings
Corp.,
f
*
A
Class
(quar.)
(quar.)
Products Corp.
Distillers
50c
'.75c
5- 1
' ,5- I
50c
2c
...
5- 1
5- 1
(quar.)
10-30
4-13
6-15
1
4-17
{
.
5- 1
5- 1
4-15
4-15
$1
13%c
5- 1
5- 1
4-22
4-20
5- 1
4-20
Rolland Paper
.
•
preferred, stamped (quar.).
$6
preferred, unstamped—
National Savings & Trust Co. (Wash., D. C.)
$6
—....
____
% National Tea Co., 5 */2%
preferred
(quar.)—
Accumulated
•
Naugatuck Water Co.
Neisner
New
Almaden
New
(irregular)
England Fund
New
Corp
(Ctfs. of beneficial int.)
Company,
Process
7%
preferred—
conv.
common
preferred iquar.)—
Brake Co.
___—...
—...
....
New
York. Air
New
York Merchandise Co.,
—.—.
8* I
(irregular)
20c
Co., 5% pref. A (quar.)—
Realty, 6% pref. B (quar.)
%' V/2% preferred A (quar.)—.
Newport News Shipbuilding & Dry Dock—
> v
$5 conv. preferred (quar.)
$1%
$1V2
$1%
Inc.
J.)
(J.
Newberry
Newberry (J. J.)
Hundred Corp,
Nineteen
class A
A
(quar.)—.
,
y
(quar.)"
Class
for
S%
*
&
Ohio
Public
Telegraph
T/c pref.
Service,
Co. (annual)
(monthly)
preferred (monthly)
5%
preferred (monthly)
5%%' 1st preferred (quar.)
Oliver United FUters. class A (quar.)..
6%
5
___.—
Ontario
V
'
<
Quebec
&
Ry. common
Mfg.
Marine &
Pacific
<fe
Glass
Atlantic
^
*
1
55-
1
1
5-
l
6-
1
series A preferred
6V2 %
l
5-
l
5-
1
preferred
5%
u
50c
5-15
Pacific
j#
Portland
Pacific
Power
4-20
4-20
1
7%
Light $6
(quar.)_._.__
Pacific Public Service $1.30 pref.
Parke-Davis
Patino
♦
&
Co.
&
Mines
& Enterprises
%.%
•
(quar.)...
RR.
Telephone,
(quar.)
A
A
share
of
each
five
::
4-17
1
7-
1
r
5-15
;i
5- 5
8-15
Oil
shares
stock
8-
of
n_
2-15-43
1
5-
5
2-5-43
,
•
4-15
,
Petroleum
,
;
'
(s-a
-
5
$1%
5-
-
Corp.
7%
preferred—;
■
Pinchin Johnson (Amer. shares)
(final)
30c
a6%
Loan
Extra
(
Quarterly
5-
4.17
1
v
$5
>;
6%
■
''
4-17
A
(quar.)
class A (quar.)
•
(Del.).—•
20
5-
15
5-
4-30
r
5-15
4-30
•:>
6-15
5-20
5-
4-10
4-15
5-1;
■.
9
5-15
4-21
5-
4-21
1
.-
...
.
*;4-15
5- 1
5-15
50c K-6- 1
6-15
50h > >7^ I >v
50c.
,
-
.
-
/
6%
(quar.)>a________
'
-
j
4-15*
5-29*
6-20
9-19 . : 8-3l*;
12-19 f 11-30*
>
50c
50c
Xouar.)____.:
-
(quar.)-^.—-—.(quar.)__
5%
Co.,
Milk
Co.—
prior
-
Vapor Car Heating Co.,
7%
preferred
preferred
pref.
(quar.)
_
pref.
(quar.)1?-
(quar.)
(quar.)
Co., common
(quar.)>i_
.-:
£
$144
-
preferred
preferred (quar.)_____________
Walker (Hirami-Gooderham 6c Worts, Ltd.—
9-28
12-29
6-20
9-20
12-21
(quar.)__
$2
(special)
$7.14
Washington Gas Light, common (quar.)__i_ ■
3744c
$4.50 convertible preferred (quar.$1V«
Washington Loan & Trust Co.
.Washington Ry. & Elec, Co.—
?
••
$2
(D.C.)(quar.)
V >. •■»«>>>■>-.
■
5-22
4-15
5-15
4-15
5
4-22
•
L
Weston
Weston
5- U f 4-20
6- 1
5-15
6-; 1
5-15 ;
6- 1
* 5-15
vr
$2ya
-
.
- •
•'»•
>
>
Extra1
■
■"'7
•
5-27
4-15
;
4-10
Extra
Wisconsin
4-25
4-20
>
5•
>
;
:
4-17
4-24
4-15
4-15
7-15
$144 > It- 2
10-15
$1(11-2
10-15
$1
•—
________
—_
£>
Electric
7-15
Power—'
preferred (1897) (quar.)
1
$144
4-30
Public Service 5%
pref. (quar.)
' $144
5- 1
'Common
(irregular)
______________—__
15c
5- 1
Wood (Alexander & James), Ltd.—
-77c first, preferred ■ (accum.8-1 >
Woolworth,
(F. W.) Cb.__M__;_—
40c
6- 1
4-t5
6%
4-15
Wisconsin
~
/
4-15
r.
4-13
■
4-20
'
Wurlitzer
■
Gold Fields
Zellers, Ltd., common (quar.)
.■■ ■ 6%
preferred (quar.)
-Zenith
4-20
10c
'5-30
5-20
' ,10c
5- 1
4-
5- 1
5-; 1 if
4-15
Radio
25c
Jr. & Co.
Consolidated
Yuba
5- 1
(monthly)
(Rudolph) Co.:——
(Wm.)
Wrigley
8
6-15
<8- 1
k, 8- 1
$144
Extra
•
4-25
4—«-•
Quarterly
4
4-15
5- 1
■"
•
'
Quarterly
5-i5. ;r;' 4-20
5-15
4-30
t20cv
t$144
4-17
5-22
6-10
> .>50c
Products Corp.,—
Chlorine
>
(quar.)___
>- $144
> 5- 1
Wheeling & Lake Erie Ry. Co.— > v
>,' 4%
prior lien (quar.)$1
5- 1
344% convertible preferred (quar.)____"__
$1%
5- 1
White Sewing Machine—fee?- •>■'■«■■>«
■ > -•
$2 prior preference (quar.).__
50c
5- 1
;Will & Baumer Candle Co., com. (irreg.)__
;10c
:'5-15
Wilsil, Ltd.
lquar.)_____-____________ii.;
t25c
7- 1
Wilson & Company, Inc., $6 preferred-—t$144
> 5- 1
Wilson-Jones Company (interim3744c '
5- 1
Winsted Hosiery Co. (quar.)_
$144
v 5- 1
5-15
> 6- 1
■' \
6-15
4-17
4-17
:
V $4.50 preferred
.
.
Instrument-____^____£
Electric
<George>; 5% preferred (quar.)^,-^,
Westvaco
:
period
covering
6-15
5-15
pref. (quar.)_;_^___i >>; $1V4
preferred (quar.
> $1% • - 5-15
West Point Manufacturing Co.■
90c '•5- 1
West Virginia Coal & Coke (irregular).___:
■-,£ 25c-'"' 6-12
Westminster Paper Co., Ltd. (s-a)j;a_.^___._
.
125c > ; 5- 1
4-15
5-. 1
,
A-15
•
77c
V
••
5
v. .
t$l% £/■■■;.Tt-2^ 6-15 ••
,
Electric, 6%
% 6-15
$144'
6- 1
$244 '> .6- 1
50c >H' 7- 1
$144 >•••' 7- 1
preferred
Wayne Knitting Mills, common (irregular'
6% preferred (s-a
'• ■
West Penn
4-30
/•''■ V v/*
i
8% preferred (quar.)
■■'■■■.87c
:>u
5-22
6-15
6-15
5- I
6- 1
5- 1
5-11
5- 1
pref.
Pipe & Foundry Corp.
9
7-10
10-10
'.••<
(quar.)_____——
preferred (quar.)
Walton (Charles) & Co., 8%
9-
-
9-19
t$l
t25c
$1
Warren
;> 6-26
$1% >
7-20
$1% » 10-20
(quar.).____
T'%
-
2*
5-12
>
6-22
7- 1
4-27
5- 4
6- I
6-10
'1,9- 1
9-10
12- 1
12-10
4-18
5- 1
7-18
> 8- t "
6-10
6-20
$1
25c
$1%
$1%
$1%
j7V2c
3744c
SI Vat
—__
7%
Common
'
"-■77c
••;■*
4-14 -
-
Virginian Railway, 6% preferred
6%
preferred (quar.)
Vulcan Detinning
>
7-
7-15
5"* 1^
; 5-15
>7-1
■> 10- 1
1-1-43
7- 1
6244C :;i 10- 1
6244c
1-1-43
(quar.)
preferred (quar.)____.
Corp. of America
7%
,1
4-15*
,.••
Vanadium
-
?•
6-20
4-13
4 4-18
>$144
$1
$5
,
75c
75c
75c
62'/2c
■—
Camp
$4
4-15
6-15
5-1
75c
Power & Light, common_.._>
preferred
Van
4-24 '
5-29
"
6-15
5-13
„
(quar.)__—
Knitting
Common
:
5-15
-
68%c ^>-5- 1%
.
25c i'/5* 1>
Quarterly
4-17
4-23
,i
4-15
*
v-^ 530 5-1
.
53c' %• 6-1
-•■'••
prior preferred-—.:-
7%
Leaf Tobacco Co., com.
Quarterly
4-20
f
5- 1
5-25
87'/aC
,t22cf:
V; t5c •;
».>
___—;—
40c > 6-15
•
5-153iysO
. 5-15
preferred (quar.)
.
6- 5
5- 5
5»- 1
*
r40c
-
Strawbridge & Clothier—
r1
6%
prior preference
.
A (quar.)_^__
(irregular)^
,
>
420c
i
•;
$3744c >
(irregular)—$1
Corporation
•>
4-30
8
4-15
4-20
>
.
class A pref,
Quarterly
Quarterly
•
preferred
preferred (quar.)_
6V2% preferred "(quar.)
6V2%'preferred (quar.)—
:
—-
k;
——
,>
6-15
9-15
12-15
50c
6-5
12- 3
9-
3
•
not cleBed for this dividend.
>
*Transfer books
f
tOn account of accumulated
/>
dividends.
In .Canadian funds,. tax deductible at the
tPayable
resident tax, 15%; resident tax.
$lV2
i
6- 1.
5-15
4-30 > 4-15
5-1- ^ 4-21
5-25
,
2%.
a Less
.
source. -
British income tax.
Non¬
:•>
-
Auction Sales
5-15
Transacted by R. L. Day & Co., Boston, on
(quar.)$144'v.™ 3- 1 T-> ^-10
20c
5- 1 • > 4-15
Wednesday,
April 22.
Shares
(quar.)L__—t-t-3744c v 5- 1 c >4-15
B—• »>•: 50c 1. 5- l "<i' 4-23
•Sycamore-Hammond Realty—
•'-r;.
5°c
50c
/Quarterly
.Sun-Ray Drug Co.,. common—<
6%
Mercantile Institution—.
Zion's Co-operatWe
'
Sturgeon River Gold Mines (irregular)>____-,Vwt2c- £
"Suburban Electric Securities $4 2nd pref.__.*v, ',"' ♦$!• ir
.Sullivan Machinery Co
.25c* ■••
4-20
5-23
(quar.
10
'£*5-15
50c
preferred
Utica
preferred'
4-10
5- 1
■
-
preferred
Universal
; .V
4
■*>
Superior Portland Cement, class
4-10
20
United States Sugar Corp.—
•
4-20
■
(quar.)____
(quar;h_>__
U. S. Pipe & Foundry Co.
>( Quarterly
(quar.)~—u—$144.^12-31."• 12-17
Ltd., com. (quar.)L_-U;_X',:,; t75c
5- 1-- >; 4- 7
7% preferred (.quar.)
—
ivt75c---. 5.-1
4-7
Sterling; Inc.. $1%'conv. pref. (quar.)______ <>,37-46*.-f 5- 1
4-24
5%
•
::;
S.
4.-15
5- 1- ;>.
21
5-
>
1
4-15
t$6 >> 5- 1/
^ 4-30
Society (Phila.) (s-a)__%30c '
5-15
i 4-30
*
10c >
5-15
Leather Co.,
6- 5
5-1
8-
(year-end)
S.
U.
4-?30
4-22
6-15
:
(Canada)
California
Light & Railways Co.
Extra
Steel Co. af Canada;
1 *.«)•: 4- 1
$i.io>-^ 5- 1
£.1', f$l%
Co.
of
4-10
5-
^ 5-
$5
$1
'* 20c
5c
$14®
$1!4
t20c
25c
t>- t37c
15c
'10c
(s-at
(quar.)-.w
S. Industrial Alcohol Co. (quar.).J-
U.
Lithograph—
.f ,•;
^ •
<
preferred. (quar.)_r.——
kk
6-30- %• 6-16
preferred (quar.)—————— -,-/•■( $iy4.^-y 9-30 :■» 9-16
6 J/2 %
Phillips-Jones
(Initial),
Sun Oil Co., 4Va%
5.15
Philadelphia Electric Co.—
4.4%
preferred (initial)- (quar.)__^_^_„
Common
(reduced quar.)
5%
5
Corp. common,
held)
pref.
4-21
n_15
35c
$1%
11-10
5c
(quar.)___w__
U.
f
t35c
t
Dec. 31,
5%
I
€-15
>
11-14
2 4'2c
(quar.)
5Va%.-convertible, preferred
Stecher^Traung
4-20
5-5
5-
8-10
25c
—
6.36%^prlor preferred (monthly)
6.36% prior- preferred (monthly).::
f 53e
7^1%
7% prior preferred (monthly. 5844c ■ -5^.1,
?*
7%
prior • preferred I monthly 1
58 Vsc
' 6-1
7% prior preferred (monthly)_
> 5844c >£7« 1>'' /;
?,
United N. J. RR; &- CanaLCo..(quar.)_^i_r:->. ^,$244: <•• .7-10 .
U. S, Fire Insurance Co.-,(quar,)^u_____^__>> ^
50c
■
5- V > ;/
U. S, -Hoffman Machinery .Corp.—
4-15
Jl5c
Extra
.
4-24
1
5-15
5.
'
'
4-15
"5-20
^$l% v : 5- : 1
(interimi
preferred
Quarterly
4-14
.
4-30
1
9
8-15
.
4-15
.
1
5-
35C
Consol.
Americn
1
5-
4-30
35C
...
,
Philadelphia Co., 6%
1
4-20
35c
\
(quar.)
nf
1
50c
(quar.)
$1.40 class
for
5-
t75c
Pennsylvania Power Co. $5 preferred (quar.) ;
Petroleum Corp. of America, stock dividend
stock
4-20
$iy2
(quar.)
Corn,
1
31%c
(quar.)
.
f50c- f
Stanley (Works, .5%
(quar.).
common
A
(One
4-24
5-
$2
preferred (quar.)
$1.40 class
>.
4-20
4-29
Consol., Inc.—
preferred A
common
$1.40 class
.
5-15
32^c
(s-a)
$1.40 class A (quar.)
>"
4-15
75c
5%
Co.
Peninsular
1
$1%.
Increased
Pearson
Penman's. Ltd.,
,
5-
40c
Extension
1 5-
,
'
preferred (quar.)—
—....
$1.20
5- 1 ■>
4-15
Southwestern Life Insurance Co. (Dallas)—
r>-v...., ».
Quarterly
______
—35c
7-15 . 7-13
Sovereign investors • (qu*r.)u
—'-v •
10c ;v 5-20
4-30
Spalding (A. & G.) & Bros., first preferred
t$3 .
5--1
4-17
Spiegel,; Inc., $4.50 conv. pref. (auar.)____
$iy®
6-15 - 6-1
SQUibb (E. R.) & Sons—
kW-kkUZi'&h
$9 preferred, series A (quar.)$1v+ .5- 1 , ' 4-15 >
Stamford Trust Co. (Conn.) (quar.)____—1 „
$lVx
* 5- 1
4-20
Standard Equities ■____-—
f ■->> 10c5- 1
4-21
Standard Silica Corp.. common
20c »• 5-15 » 5- 5.
Standard Wholesale Phos. & Acid Works—
*- } *'
■""" '"
4-15
$l>/2
(reduced)
Delaware
1
t$l
iquar.)
5-15
>.
25c
4-21
V
4.8%
4-15
5-
75c
;
pref
pref.
preferred
Passaic
5*~ 1
$iy4
Cement
&
-
25c,, v 61-15
1941 to June 1, 1942____
California Edison Co., Ltd.—
(quar.)
/Southern Canada Power, Ltd., com. (quar.)
Southern Indiana Gas & Electric Co.—
6-15
20c
(quar.)
6V2%
Lighting Corp.
Pacific
;
preferred' (qUar.)X^——,——.
Common
••
4-29
7-
l6V«c
(quar.)
(
4-20
4-15
4-15
4-20
4-10
-.5- 1
Common
4-20
50c
(quar-.)
.
Co." (quar.)
Soutners.
4-29
$l>/2
(quar.)
C preferred
series
•
.(quarj_,_w--Ll-.-i-_---_-Tr-—-
& Dohme, Inc.—"
preference A (quar.)r____L:
2nd
Pacific Finance Carp, of California—
87c
'
preferred, (quar.):l—__
Cl / SlMs
Southeastern Greyhound Lines, com. (quar.) - • ; 37'^c
6% conv: preferred (quar.■? : t 30c■£
6'7o non-cum. preferred (quar.)
____ir
30c>"
5-1
%
4-21
6.36% 1 prior preferred •(monthly)•:
4-25
t$2
6- 1
25c
.5-1
25c(f; 7- 1
(quar.)_lJ_^...: $1%
87c
5- 1
-
,
6-1
5-20
5-
v
A
Manufacturing
$3.50
4-14
$1%
(s-a)
«
Signode-Stael Strapping Co., commons■€ 28c k 5-1
> 4-27
preferred (quar.)_—62l/2c
- 5- 1
f 4-27
Silex Company (quar.)__'_
f ;: 30c
5-11
4-30
Simpson (Robert) Co., Ltd.—
'
" •
klkk'
6% preference (.s-a)_____
>$$3 « 5- 1 f - 4-18
Simpson's. Ltd.,. 6y2% preferred (accum.)-i. ^ tSl'/af
5- 1 r- 4-18 *
Smith Agricultural-Chemical, common..l...«
•> 25c
t'fy 4-20
4-20
-
>
S'%. prior preferred, (monthly/
6% prior preferred (monthly
6% prio*1' preferred (monthly)—
■4.
i. $2.50
4-20
4-20
5- 1
1
B
United
1
Louis Bridge,
7.%
4-20
$1
;
Telegraph
preferred
Shawinigan Water & Power (quar.)—^.^"5-•'
Sherritt-Gordon Mines "(interimi________._ >
Sherwin-Williams Co. of Canada—
„
v
4-25
4-25
4-15
4-15
5- 5
4-20
6-16
5-
50c
,
Owens-Illinois
5- 9
4-15
6-15
j$3
t2Vi& V
(s-a)
stock <s-a)
(irregular)
Outlet Company common (quar.)
7% 1st preferred (quar.)
6% 2nd preferred (quar.)
-
5-25
5- 1
7- 1
50c
perpetual debenture
5%
Outboard
6-20
5-11
5-1.1
4-30
4-30
5-15
5-1
7- 1
4-21
5-
treduced
United Drill & Tool,
/'.-Class
■
fSharpe
7- 1
2c
$2»4
58y»c
50c
41%c
$1%
Company—.
Mississippi
Ohio
(quar.)
Co.
Insurance
Oil
Oceanic
*
common
(quar.)
preferred
Occidental
(^
Co.,
Shoe
Nunn-Bush
.
1940
1941
(quar.)——
Oil
4
4-16
5- 1
6- 1
4-30
+87V2c
t43%c
20c
$iy4
30c
quarter ended Mar. 31,
.n
.
•
quarter ended Dec. 31,
Declared for
Declared
•
1
$7 non-cumulative class A
Upper Michigan
6% preferred
4-3.0
5-25
4-15
4-15
5-15
25c
50c
$l'/2
Bancorporation
(irregular)
Northwest Engineering Co
—
Northwestern Telegraph (s-al
£
—_
Norwalk Tire & Ruhber, 7% preferred—
Gas
••
,
5-
> >
■;
United Corporation, Ltd., $1.50 cl.
7.%
-
Northwest
$6.50
(q^ar;)^5;
Extra
5- 1
8- -1
11-2
5-19,6-10
5- 1
> 41%c
15c
(quar.)
(Mo.), $4.50 pref;
preferred
Union
4-15
/U5Cr>v:3";l^^^ ^ 5- 4
ISlVa; • 6- 1
5-15
Saguenay Power, Ltd., 5%% pref; (quar.);
St. Lawrence Flour Mills, Ltd., com. (quar.)
4-15
$ls/»
.*>■■
Brothers,
Ruud
\
Lines—
Greyhound
$6.50 preferred
$5
Union
preferred' iquar.) ______
5-'-l ? > 4-20
6% first pref. (s-a_%• /;$3
7-;,'l
6-15
c>.%7o second preferred (s-a)
f'$l% " v. 7- 1 ;?• 6-15
St. Louis County Water $6 pref.' (qUar.)_'£I-\i;t •. Sl'/a
5- 1
4-20
■Sampson's, - Ltd.,.
' preferred_______r__ ..; t$l%
5-"l - 3-18
Savannah & Atlanta Ry. 'Co.—
v
<•
5% preferred
___________
t$3.96y4 "
4-27 f 4- 9
Scott Paper Co., $4.50 preferred (quar.)i__'_
' : $1 Vb >
5- 1 s', 4-20*
$4 preferred (quar.)
i- .';
$1
' 5-: 1 >>",4-20*
Scotten Dillon Co. (irregular)___*___
20c . > 5-15 >.• 5- 6
Seaboard Oil Co. (Del.) '(quar.)—;—6?3t5%-: 6- ,1
Seaboard Surety Cou__^._l—
—'f50c
5-t5
4-30
$iy2
(quar.).—.
Hampshire)
(New
Northern RR,
.Northland
v
;
Roos
4-16
4-16
S-15
11-16
(quarterly).
!
'4>15
$20 >>
$1
50c •
75c.V..
••
Royal Bank of Canada (quar.)i_;______i__i
Rubenstein-(Helena), Inc., common^„s,___
4-20
4-20
4-14
4-20
5-16
5-15
50c
———j__
Cov>Ltd; common
preferredMquar.)_i__.—1_'
6%
Norfolk & Western
:r
'
4-21
5- 1
$1V4
A
•v
4-15
4-30
St.
(quarterly).^.—.—.——50c
50c
Railway Co,—
1 *. *!
Adj. preferred (quar.)
£—
^
.■■■■ $1
North River Insurance (quar.) ______——_
25c
Northern Illinois Corp., common—
25c
$1.50 convertible preferred (quar.)—.
31V2c
Northern Pipe Line (irregular)
—50c
Class
)Tf Class
4-15
5- 1
5-1
5- 1
5- I.
5- 1
6- 1
5- 1
5- 1
,
Quarterly
_________
5- 1
5-15
,
75c
$1.1834
50c
15c
50c
$1%
50c £
(s-a)—
4%%
Brothers,
Y.)
4-21
50c
1 £
•
25c
—
Union Electric
4-25
<vi3l%tC .£;-.5r/:l ;
Sl'/a
S1V2
7-31
.
,
4-30 i
■:
1
—
Udyiite Corporation
(Providence)— ■ rC-iT-:'? kkr:k:'
5- 1
Rhode Isiand Public Service, class A (quar.)
,
5- 1
$2 preferred (quar.
5- 1
Rich's Inc. (quar,)___.
5- 1
•Richmond Insurance of N. Y. (quar.)>_-^ii-v':
£ 15c :-v 5- 1
Riverside Cement, $6 1st pref. iquar.)_____ y' > $1%> '
5- 1
Rochestw Button, $1.50 conv. pref. iquar;)_ •
37V'2c >6- 1
Rockland Light & Power Co.™-!—' •'/-% 12c_^ 5- I
t
Quarterly
(quar.)-^_L^££L
Island Hospital Trust
8-15
National Power & Light Co.—
""
Mfg, Co.»: 5%, pref.
Rheem
$1%
...
•.
'■> W4-14
5-15,
5-
Tung-Sol Lamp Works; 80c preference (qu.)
4-10
4-10
Reynolds
Rhode
(s-a>
i
'4-14
.
5-
_
IN.
Co.
Troy & Bennington RR.
'*
~
5V4% .preferred iquar.)
$1.31 Vi
5- 1 •;
77c
preferred (quar.):
$1% * .5- 1
(R. J.) Tobacco com. (reduced)35c k*- 5rl5
Class B
(reduced)
35c5-15
5-29
■„
& Brass—-
Revere Copper
68 %c
preferred
5%
,;••
v
5-11
4-22
(monthly)._>____
Tubize Chatillon,
■
4-13
5- 1
2c
preferred class A vtc (s-a) —
National Lead Co., 7% pref. A (quar.)
6% preferred B (quar,)^.——
National Paper & Type Co.—
5%
>
1
6-
>5-22
•
——,
10-20
5- 1
50c
$1%
$1%
Products Corp. class B com..
National Food
8
•6-20
(tic
58440
Extra
.•
,
7-22
20c
'.Quarterly
>'
{•
5-
6-30
I
90c
(monthly)
7%, preferred
Triumph Explosives, Inc.
'
4-15*
4-21
8- 1
2c
Quarterly
'
4-13
■*/. 4-30
4-22
(monthly)
(■■(Additional
4-20--;
$3
"4.-20 '
Reading Co. (quar.f__>._^t:^--^^Lii^^:^230('Vi^:5-14.^; 4-16
Reed (Ci. A;), $2'.preferred A—^5^11,i >i:4-20
Regent Knitting Mills, Ltd.—
n->>•>'iV ■
.
$1.60 non-cumulative preferred (quar.)_» -->440c .• ? 6-1 >
5-15
1' Quarterly
:
—£•
,
140c /•:* 9- I
8-15
Quarterly
$40c. .12- 1
11-10
Reliance Manufacturing Co.-, common
_i %/: 25c 5- l'4-20
Rerio Gold Mines, Ltd. (resumed)>' >'t20c; *: 4-5(1' •; 4-10 "
Republic' Investors Fund, • com; (irregular^ 4-30
> 4-21
6% preferred A (quar.(j:—^___—>15c
8- l ^ ;'7-15
6% preferred B (quar.)—
*.
• 15c > j; 8-" 1
7-15
v
b%» preferred A tquar.i
:t < 'ib6
'. a-- r >'- A-io 1
>6 % preferred B (quar.):.————:.—__^.>>^15c
>v 5- 1;J:. 4-15
4-18
4-18
(quar.)—
Welding Machines Co.
National Elec.
4-16/-,
1
6-
:
,
5-22
Additional
.iLii—>_>.—25c.' .>>;';5v2-y.
preferred (quaj*.)--—•—c?-_'Vvr
75c^. v-5-^rT
4-15
v
-v
(quar.)_ >
:
(quar.)-/•»':. •• *3c-
Trust
&
5-15 v
>'•5-- i"
v 5- 1
$1%
$1%. U*<.5«A 1
:
Trinity Universal Insurance Co. (Dallas)
^Extra>'i-.
'
—
preferred
$3 convertible
.
National
5-r 1
,
Bank
Trade
.
4-20
5-15
$1%
...i ;
>'
...
National City
„
5-1
6- 1
common—
preferred (quar.)..—
Lines, Inc.—•
7%
4-13
75c
25c
(quar.h
preferred
$3.60
Co.,
preferred
preferred
5i.r
l-
■
5- 1
4-15'6-15-8
9-1
8-7
12-1
11-10
15c
15c ; ,
15c
National Automotive Fibres 6% pref, (quar.) :
6%
6-18
9-17
12-17
4-15
(Colo.)—
Nation-Wide Securities Co.
;
'
$2V2
Nashua & Lowell RR.
.
6-27
9-28
12-28
5- 1
5- 1
$iy2
$1V2
$1V2
56140
——
Electric, 4%% pref. (quar.)—
(reduced s-al____
Narragansett
..
(quar.)__
preferred
6%
preferred
$6
(quar.)___^:ii.___i._-i.>____
Co.,
Mines
Edison
6%
,
.,
>
Light-,
Extra
:•
t
'
'
i
!l
.
5- 1
4-17
25c
Bank
Plan
;
Toledo
-
4-13
(quar.)
..Quarterly.,
Morris (Philip) & Co., Ltd.~.>'':::'"
4V* 7c
preferred
(quar.)
Morris
Edison 6% • preferred (quar.)_Li^i„vt$l% '> >5- 1 ' > 4-11:
preferred (quar.)_—_______^t$L%
5-14-11 Electric Power, 5%% pref. (quar.) /, $l.%. v',B- 1 V-.5-15 :,
6% preferred (quar.) __1—
^$1V2 ,v v 6- 1 5-15
Pressed Stefel Car • Co., Inc., com. (resumed) ^
25c .;••(*' 5-12.
4-24
5%
1st preferred.'.——
—
6y4c -fk 5-12
_4-24
5%
2nd preferred-.
—-i-'.t, 62y2c v*5-12 > v4-24
Privateer Mines,-Ltd.
(interim)-—,
v t3c
-5-19,
4-25 Proctor & Gamble- (quar.)—; ( 50c
5-15
4-24*
Proprietary Mines, Ltd.
•?'
< "4-29'''.4-15"
Prosperity Co., 5% preferred (quar.)____t_■'»
$1V47-15
v-7- 1
Provident Trust Co:; iPhiht.) - (quaf.) — _J.—»$45-''1'
4-25 ;•
public Service Co. of Colorado—
v • •
8%
preferred qmonthly) ^^—41%c^- ^
^ 4-20
6%
preferred (monthly)
i ^ • 50c,
4-20
7%
preferred ' (monthly)__5&V3C V?>5- 1 v 4-20
Public Service Co. of Indiana—
S.>: •
/"
Common :(quar.) .—.$■ c 25c "
6- 1
5-15
5%
preferred (quar.)_—
$lJ/4
6- 1
5-15
Public Service Corp. of N. J.—
- .4
' -,
'( 6% preferred (monthlyl
>
50c w; 5-15 - 4-15 .
Puget:Sound.Pulp:(b .Timber:CP;—'r;^|k>, ;
Common
(quar.)
—v- 50c
4-30
v,4-16
Purolator Products, Inc., -com. (irregular-)-;v.:>10c * .5- 1 > '4-20
$4.50 preferred -.(quari$ljl2. *7^5"^'I::>v:.:-4;20>
Quaker Oats Co., 6% preferred (quar.)>._-l__
' $1V2 N-5-29 - 1 5- 1 ■
Quarterly Income
' '-'4-15,
Quebec Powfer Co. (quar.
f25c - V 5-25 *
4-23
Quincy Market Cold Storage s-Warehouse— " *'■
5%
preferred »equar.)—_^-£' h1-" $i,V4^"'i:5^' lv> •"'4-16
Raymond Concrete Piid, ■ cemmon
qudr,) ictf f 2$ci
l *" ;'y 4^20 ^
Mfg
Gold
Toburn
7%
5- 9
5- 9
5-9
6- 1
6- 1
6-1
$2%
preferred
7%
Thatcher
4-20
.
Potomac
4-15
5-26
4-29
Inc.—..
. f•
(quar.)___i„__.
75c
5-15
ct. A (quar.)—. ~
$1%'
5-1
Co. (quar.)ii^.
$l*/a ' -"T- 1
$1%
10- 1
——$1'/a 1-2-43
Moody's Investors Service,
Moore
..
Potomac
Co.—
Montreal Light, Heat & Power Cons,
Participating
——_^_-£^.>.t76c /•'-"« 5-f.,l
__j
Power
)
'
preferred
6%
&
Texas
.
j
$4.50 preferred A (s-a)____
$4.50 preferred B (s-a)
v
$4 preferred C (s-a)
Montana Power Co., $6 preferred
Mobre
'
4-15
tSlVa
34%c
6-30
9-30
—15c
* 7-15
—___—-—15c>>cl0-»15v >
(quar.)
of Rec.
Payable
Teck-Hughes Gold Mines, Ltd. (interim). .tlOc
Terminals & Transportation Corp.,^ $3 pref."$1
Terre Haute Malleable & Mfg. Corp, (quar.)y;:>fik 15c
Texas Pacific Coal & Oil (quar.).—'
10c
4-30 v;
(quar.)-—
Holders
W/ien
.4*'/*^'-per*.
•,
Name of Company
;
share
Talon, ;Inc.,'.4%> preferred,r,s(S7a),__aj__v-i___ *,
20c
Taylor &• Feno>Co.__-->'_i_C^_-__'_^l.,£'_ikLl'_'i
$2
,
Portland. Gas
5-1
5-25
5- 1
6- 1
^5-15
(quar.)>15c
common
Common
6-18
'' 6-18
• ' k
.
5- 1 £v 4-20
5- 1
4-20'
20c
(irregular)
__
Mississippi Power & Light, $6 preferred—.,
Monroe Loan Society, 5Va%
pref. (quar.)_.>
Mission
Co.,
Common
-
"
6-1
Tool
Plomb
5-5
40c
'
.
6-30
6-30
•
$1%'*;■
(irregular)'
Petroleum
93c i
'■ '
25c
Vik;
Holders
Mines Ltd. (quar.)
^ioc - -."-,'14-30 - 4-15 •
Pitts. Bessemer & Lake Erie RR. Co.
(Srii) % V;75c
10- 1 V 9-15
Pittsburgh Coke & Iron Co.-, $5 pref. (quartf^'V^rdi'v 1.-/.{ 5-20*
Plaza Bank
(St.-Louis)
(quar.)371/4C -U* 5-i;i;V"/:4-28.'^:
4-30
'
5-15
26c
v
Mid-Continent
5-15
When
share ^fayableypf Rec..
yu
Crow Gold
Pickle
4-17
'5- 1 c
25c V
(irregular)
r
Metropolitan Coal—
'iVi'/o non-cumulative 2nd preferred (s-a) : ;
5% 1st preferred (quar.)
Michigan bakeries—
''"'
$1 non-cum. prior preferred (quar.)_____
1
$7 preferred (quar.)....
;—a.——
Messenger Corp.
;-
.,
$1%
(quar.)____
Name of Company
5-15 %>5--1
5- 1
4-17
$1%
preiened
$5
Per
When Holders
Payable of Rec.
15c
50c
;f
(quar.
Corp.,
Shoe
,,
share
Name of Company
«Monday, April 27, 1942
FINANCIAL CHRONICLE
4
'
'
STOCKS
•
,
.
.
.
:
$ per Share
Carolina Power'& Light'Co., $6 preferred____£_t_^90>*' :
Carolina Power & Light Co., $7 preferred_:___,__ 199 '/2
„
SI Vis
7- 1
6-20
$ry4 " 10- 1 "f' 9-21
—$iy4-; 1-2-43y 12-21'
,r£,BoaiD»;
>>£
$2,000
..
.»•
•_••<,.
w
u
,
St. Johnsbury & Lake Champlain RR. 5s, Mar., 1944
(
.•,
/■
i :<-•
*
;•••-
- ;
t-S-C . -• /•
/
:
■;;•
/
98% & int.
i,-.'.J-
r:
r
THE COMMERCIAL: & FINANCIAL CHRONICLE
i>Volume 155 5-Number 4067
1651
Week
THE COURSE OF BANK CLEARINGS
J///
Bank clearings this week-show; an increase compared with a year-:- ago; y* Prelim-- )'•
inary figures compiled by us; based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, April 25, clearings from all/*
'cities of the United States from which it is possible to obtain weekly clearings will
year./'-Our preliminary'total
above those for the corresponding week last
be 6.6%
Istands
$7,164,519,981. against $6,625,637,810 for the same week in/1941.
^center• there is? a decrease/for< the.*'week/ended- Friday-'
at
(summary, for
Fifth Federal
Virginia—Huntington——
Virginia—Norfolk—
—
South
Week Ending
Carolina—Charleston——w.
43,304,308
Total (6 cities) 1——
SIxlh Federal
*
.
,
-250,909,147 £
v
City----/:/;/--../
Pittsburgh
•
—
4,552,167,367
Eleven cities, five days—.
Other cities, five days——
cities,
\
—
■
,.
,
.l
Total
«.
-
•
J,
.
./..
(10 cities)—
V/.'.,'
' i.
Seventh
..
;3.5
+
:«•
Detroit
■#
'.vi-"?'
8.9
>y!
y.jr!
III the elaborate detailed statement, however, which: we jpresent further, below?
'we are able to give the final and complete results for the.week previous.-/> the;
week ended April 18.
For that week there was an increase of 7.9%- the aggre¬
gate of clearings for the whole country having amountedi to $7,836,325,498 against
$7,260,693,913 in the same week in 1941.' Outside of this city there Was an increase
of 16.4%, the bank clearings at this center having recorded a decrease of 0.1%.
'We group the cities according to the Federal Reserve districts. In which they,
•are located, and from this, it appears thatthe,New York Reserve;District^ (inclUd-r
ing this city) recorded an increase of 0.5%. The best gain was had in the Boston
iDistrict, where there Was >an increase of 33i.6%> i At Chicago:the)rewes:a,2?.3^;gein
'in volume of checks cleared; Kansas City followed with an improvement of-21.3%.
San Francisco was next with a rise of 20.0%, Minneapolis of 19.3% and Atlanta of
i 18.5%.
Cleveland and St. Louis had gains of 18.0% and 16.2%, respectively.z Richtmond had an increase of 14.2% and Dallas of 7.8%. The Philadelphia Federal
Reserve District had the only decline for the country having a 2.7% decrease.
•' /
.
.
.
-
ii
a
suriimarjr by
J^deral^eserve iDi^tricts:
|
SUMMARY OF BANK CLEARINGS
'.
Federal
'1st
" \1
"
10
18
"
"
"
"
"
4
"
522,729,006
233,896,229
291,634,997
826,339,964
239,356,685
"
153,961,537
New
3d
Philadelphia
4 th
Cleveland
7
6th
Richmond
6
10
Atlanta
•7th
-
Chicago
—
-
-
LouisI
8th
St.
9th
Minneapolis
City
7
10
—
'10th Kansas
—L
12th San
10
Total
-
-
New
/
.
112 cities
•
'outside
1
" :/ff/.'212,077,305
'•
,'104,281,605
■,« '
Ja 395,649,196
6
Francisco-^—
tilth Dallas
i
,
York
"
i
■
.
.
f"
r.■ r
.
week ended
:
II
.....
....
1
-
290,758,145
.„
1
■
.
First Federal
/,./
"j
—.
/
-
Portland—;—:
•
•
New
Connecticut—Hartford-—
j
New
j
■
New
J
j
'—•+■—-f
■■ "■
-■
Ninth
1
.
'
,-L
j
•
Federal
Reserve
['
'
;
-
j
!
Binghamton—
Federal
Buffalo——
Elmlra
3,079,626
'
1,256,690
" 951,019
,
i
2,173,357
153,961,537
...
District—Kansas
Nebraska—Fremont—
'
\
1.
"
:Lincolh^-i.-i-j.i-——^
'
'Omaha
•
1
i;
,St.
Joseph.—
99,408
2,247,363
30,465,837
24,292,380
2,079,463
j
.
;
!
1,851,820
90,062,370
4,299,078
k
Reserve
Texas—Austin.:.—
("
]••
——.
.
"
-
514.83&
125,265,515
j
2,101,553
i
9,619,610
/
1,137,247
4,899,056
Galveston
3,189,000
Wichita- Falls—,
Louisiana—Shreveport.t.
»s
i
/•;//
Total
(6 Cities)—
—1
-
:104,281,605
i
•
Federal
Reserve
District—San
i—I.
Francisco-
73,529,378
1,357,270
i
62,758,907
-
ii.
———
Pasadena—
San
::
t
San Jose__—
i—..
:—_
Stockton
22,528,435
6,508^425
•
•
i
i.
Francisco.——
Santa Barbara
:
!
4,099,725
216,104,000
>
4,364,057
i'
!
2,970,982
Total (18 -Cities) i.———
14,390,300
...
141,822,638
502,487
';
83,335,139
-
Fort Worth
California—Long Beach
765,293
,531,956
.
•212,077,305
.
2,763,963
523,981
698,799
District—Dallas—
Dallas-^-—
3,318,930
1,071,325
!.
cities)/^—-_L——
Federal
Utah—Salt Lake City„,
"
2,051,595
2,639,195
98,548,988
"
Springs.
j
Eleventh
2,026,025
3,315,998
147,362,514
"
Total <10
91,918
r
119,336
——
Pueblo
'
.116,035
2,855,552
4,630,387
City
Colorado—Colorado
,?
.
'48,282,756
—
Wichita--^—
Missouri—Kansas
.
*200,000
/ 3,293,940
/
—
Kansas—Topeka
;
City—
159,043
Hastings—
1,428,017
395,649,196
...i
603,701.
Grand Total
(112.cities)
Outside New York
294,449,089
—
—
7,836,325,498
4,124,124,823
Week
k
.
1941
56,600,000
•,
-
-
Ended
Inc.
April
or
16
Dec.
!
Canada-
1,172,918
—i-—
41,314,224
'
Reserve
" 7,310,332
1,486,796
I
——
101,607,526
(7 cities)
Second Federal Reserve District—New York-
393,413,870
New York—Albany™
3,579,095
;
—
-
Oregon—Portland
15,265,814
r-; 5,894,814
Total
f
District—Minneapolis-
North Dakota—Fargo:
South Dakota—Aberdeen—-
....
2,074,924
I
!
239,356,685
;
St. Paul
•}
for each .city for; the
3,069,070
566,155
—
764,000
i
.■
248,697.068
2,857,300
15,362,300
Cities)
35,632,116
Minneapolis
!
325,109,924./
339,614,169
J
L_—i—1
r
".
404,251
Hampshire—Manchester—
(12
57,660,569
Minnesota—DulUth./-„^--1
95,665,715
2,755,946,525/ 2,398,736,809
'
869,603
/ 5,747,563
Haven1L--vi-_i.--t——•——— /»
(Rhode Island—Providence
145,300,000
.
6,045,982,762 / 5.504.944,034
562,431
738,406
.
15,327,791
.
—
i.
i
Yakima---—
4,355,509
Bedford——_—————
Worcester
>
.
j
705,961
1,119,247
.
...
Springfield—
•
;
1,126,308
Lowell
j
Louis
Washington—Seattle
341,259,769
Fall River
1,710,406
,
—_826,339,964
Total (4 Cities)—
Twelfth
4,247,501
-
Massachusetts—Boston—.
—.
(18 cities)
Total
t| 125,265,515
86,049,448
; , 65,0^6,291
/• e64i-282,354- v>^ 247,703,961
/i
Reserve District—Boston—
Maine—Bangor-.—
2,259,970
Eighth Federal Reserve District—St. Louis—
,
,
1,226,619
5,094,777
Kentucky—Louisville
Tennessee—Memphis—
Illinois—Quincy
f 143,466,677
-
120,292(902
1942 ;
k^,r >
'
,
i
—
Missouri—St.
i
141,822,638
Week Ended April 18
,
'
435,613
430,041,168
—
-
Springfield-..^-——
u
271,042,696
132,687,454
168,754,447
+ 439,334,109
189,526,008"
159,527,779
i
.
April 18 for lour years;
.Clearings at—
.
1,571,937
12,689,664
5,623,138
.?
>
.
515,962,371
'
+ 65.6
i
;; v'f'
j
j
166,068,584
We now add our detailed statement showing the figures
|
1
"
326,055,377
7,260,693,913 %.+ 7.9
.3,542,926,146
+ 16.4
481,467,613
-
—
442,878,070
+
204,771,125
+
/ 246,182,069 Z +
675,698,664
+
205,978,471
+
129,006,530 .+
p.
174,845,870
+
96,696,772 /+
/] 329,717,307 £ +
■"
32 cities
+
613,823,060
4.124,124,823
City
—
—
- - -
I
/
8,006,074
!
v.
.
Montana—Billings
{Helena
258,437;513
237,224,539
3,396,259;480';/ 3,199,950,783
421,698,305
t: 377,911,847
+
.
:
7,836,325,498
-
•
Canada
294,449,089
3,846,646,886
3,865,699,741'
697,285,363
l2
York-
2d
,6th
|
j. '
:
1941
393,413,870
12 Cities
-•_-—
-
-
;'j
":-v
Inc.orDee.
,
1942
,
.
•
31,896,988
<
Moines
Total
Districts
Reserve
Boston
:
!
Peoria-^
.
<V, 3
3,144,372
t
——
Rapids
Rockford
j
«:
[ 29,313,000
„
L
Decatur
v
629,427
241,472,618
45,478,041
2,995,961
i
2,750,191
.L-L-
Illinois—Bloomington.^-—i.
Chicago
]
-
Haute—
iTenth
Week Ended April 18
.
—
Bend
'
!
±i
Sioux City_i—
.
Iri^the following Wefurnish
.
—a-
Iowa—Cedar
:
'.'O.-'f.
—
Wisconsin-—Milwaukee--—'--
'
,
——
Indiana—Fort Wayne
Des
»
District—Chicago-
Lansing—-,
4.7
South
4
■//66,349,395
291,634,997
i/'
;
-
Rapidg-
Terre
■
,
154,810
;
*
——
-'
'•
Reserve
-
Grand
„+
Federal
Michigan—Ann Arbor—
Complete and exact details for the- week covered by! the foregoing: will Appear I
Un our issue of next week. We cannot furnish them today,l in aS>' much as Z the !
I week ends Saturday and the Saturday figures are not £vaiia)?ir^
I
to press.
Accordingly, in the above the last day of the week in all cases has to be i
estimated.
39,909,219
/-
-
Louisiana—New Orleans.:
Total all cities for week-
.
/
14,307,763
Mississippi—Vicksburg—
■■■
1,140,993,033
1,833,986
26,018,000
/
Indianapolis
j
109,000,000
2,914,989
-+46.8
5,484,644,777
day——
one
—
7,651,039
33,495,796
-
•
Mobile—
v
.
+ 15.9
932,477,410 *+,34.9
-
Total all cities, five days.
-
All
+31.2
.
———«-£*'
y
.
/
Alabama—Birmingham--^-.—l—-.
117,851,595 ^+"17:9
75,570,036 / + 20.7
——-
:■ : :
" '
+;28l7
•
'126,980,628
—
Cleveland-———
———
-
Florida—Jacksonville
137,926,828/:+ 23:5
Baltimore
;'v
Augusta
rr
7.7
—
/ 151,780,000/
-—u-.
Detroit--
I
94,193,153
87,600,000
Francisco
—
Georgia—Atlanta
400.000,000/ + 13.3
"
:";st. Louis--—
San
—4.1
288,885,075 / +11.8
;
;
Boston--—i—-(
;""
233,896,229
fteservl"£bisiri«<^~Ailaib
Tennessee—Knoxville
2,820,470,905
-"Philadelphia
i
1,941,614
122,158,202
i
'
-
Kansas
/
—
District of Columbia—Washington—
%
April 25
..Chicago..—
•
18
,l. vV
59,742,562
Nashville——.
,
.-v.
987,543
5,762,000
/
Richmond-
Maryland—Baltimore
At this A
the week follow^:'
New York
v.
April
:/,. ft
District—Richmond—
Reserve
West
*
.
Ended
inc. or jjec.
1941
[ 1,162,558
3,712,200,675
Toronto:
109,719,195
124,639,824
Montreal-
105,163,844
106,713,174
iit—
/ 11,919,999
Winnipeg—
28,010,316
Syracuse
.Connecticut—Stamford——
8,596,334
Vancouver.
16,253,381
27,386,732
17,312,707
5,290,520
Ottawa
20,311,322
18,644,637
558,994
Quebec
4,722,621
4,622,318
25,926,312
Halifax
3,026,919
2,420,086
33,474,303
Hamilton.
6,653,068
4,894,946
Calgary..
4,066,168
5,569,934
2,264,948
/ 2,117,916
Jamestown
!
New
M
—
York
-
-
Rochester———
New
Jersey—Montclair_t——
Newark---——.
——
Northern New Jersey——
i
i
Total
/;
St.
3,865,699,741
(12 cities)—
John.
,
.
Victoria-
Third
Federal
Pennsylvania—Altoona—
t
—
Bethlehem
/
IS
Lancaster—:
——
,
-
2,433,858
3,701,051
4,042,410
3,211,434
289,423
3,472,555
Regina
Brandon
1,792,428
—
—
2,547,493
Edmontorv—
515,031
552,618
580,828
..
—
Chester—,
London—
District—Philadelphia— /
Reserve
1,764,435
1,909,462
312,244
482.315
456,631
1,319,557
Lethbridge———
1,214,898
"
——
2,538,799
1,341.487
2,101,189
Brantford
856,520
898,041
Fort
William
614,015
596,906
New
Westminster.
575,012
566.149
Medicine Hat-^^.
271,388
230,857
588,530
Sherbrooke—
733,185
676,709
Kitchener—"
—
Saskatoon
9,424,100
?
—
577,000,000
1,438,883
Peterborough..-—.
Philadelphia
Reading-.
1,056,902
1,010,486
Windsor....
2,752,571
2,001,913
Moose
'
Scranton—
!
Wilkes-Bar re
!
•
York
j.
New Jersey—Trenton
Total
'
(10 cities)
Fourth
Federal
-
—
/" / 597,285,363
—.
Reserve District—Cleveland—
Cleveland—
Columbus—it.
f
Mansfield
t
Youngstown
uL
-
.
—
-
—
Pennsylvania—Pittsburgh
•
,
■
c:-i; '
/.Total
583,535
...
•2,195,317
Prince Albert
314.316
289,135
70,120,338
117,499,253
Moncton—-
824,294
702,286
Kingston.-
567,594
532,670
Chatham
617,777
554,863
420,130
455,716
192,956.491
16,652,400
—
)
.<#•
615,695
3,698,138
>
•Cincinnati
»'
/
101,335,383
Ohio—Canton—
I
558,096
Jaw-
••••.'.
.
2,883,760
4,009,921
201,192,913
vi.—-—
(7 cities)
.
•
522,729,006
11,033,900
.
2,153,572
Sarnia.u—j
2,7.07,742
Sudbury
/
V
852,104
834,876
120,345,255
Total (32
cities)
•Estimated.
339,614,169
"
1652
•
FINANCIAL CHRONICLE
THE COMMERCIAL &
Y;
v
Stock{Exchange
Stock and Bond Sales «»; New1; York
DAILY
and
NOTICE—Cash
deferred delivery
Monday, April 27, 1942
•
ti
'*
sales are disregarded
WEEKLY
-
i
'c
-
YEARLY
-
No account is taken of such sales in computing the range for the year.
the only transactions of the day.
in the day's range, unless they are
,'i
,i
Below
furnish
we
'Figures after decimal point represent one or more
A pr. 20 Apr. 21 .4
Dolly Record of U. S. Bond Prices Apr. 18
pr.
22 Apr. 23 Apr. 24
—I-
Week Ended
April 24, 1942
'
'•
,
4Ks', 1947-52.....
115.12
:
(High
.{Low.
t-."r
(Close
...
.
•
''
4s, 1944-54..'.:
v
k
2 Ms, 1956-58
■
'
---
101
[High
101.3
100.29
100.26
101.1
101
100.26
100.26
101.2
101
100.26
1,771,493
-
#34,835,500
$3,208,000
-
-
{
>.
•
$38,162,900
$119,400
'J
Jan. 1 to
April 24
Bonds
'■ '•
■
1941
1942
1941
1942
2,045,410
1.771,493
.
35,655,102
51,615,979
$3,415,950
"
3.208,000
$293,000
3,811,000
-43,742,000
34,835,500
27,067,000
736.103,900
SS,649.000
66,602.000
848,187,000
$38,162,900
$31,171,>,00
$783,261,850
$923,438,000
$119,400
Railroad & Industrial..
4
Total........
(High
(Low.
*2Ms. 1951-53
Transactions at
(Close
the New York Curb Exchange
Daily, Weekly and Yearly
Total sales in $1,000 units...
104.30
104.30
104.31
101.14
101.13
101.9
Low.
104.30
104.30
104.31
104.25
(Low.
101.14
101.13
101.9
104.30
104.30
104.31
104.25
(Close
101.14
101.13
101.9
Total sales in $1,000 units...
1
8
1
1
Total sales in $1,000 units...
*6
*20
High
(High
104.25
2Xa, 1952-55
Close
(Close
:
.
•
■
698.000
4o",6oo
Thursday
694.000
Friday
68,990
71,560
100,000
1.000
292,710
$3,217,000
iw
Total.
(High
Low.
(Close
107.28
(Low.
107.28
(Close
Total sales in $1,000 units...
4
"
2s, Dec. 1948-50
(Close
(Close
"
110.13
(High
(Low.
110.13
110.13
2
-4
(High
6,373,497
10,034,977
$4,470,000
108.000
$60,612 ,000
1.384 ,000
$110,122,000
159,000
6,000
56.000
377 ,000
1,147,000
$3,382,000
$4,634,000
$62,373,000
8112,119,000
,
100.19
(Close
100.19
100.17
15
Below
5
2s, 1953-55
(Low.
afc
(Close
Stocks
(High
(Low.
(Close
2Kb. 1951-54
Federal Farm Mortgage
[High
(Low.
.
3X8. 1944-64
*>
r
„
'
-
,
'
■?.
10
10
,
1
20
15
-Total
10
First
Second
10
Rail¬
Utili¬
65
Indus¬
Grade
Grade
Utili¬
40
roads
ties
Stocks
trials
Raits
Rails
ties
Bonds
trials
High
:
Bonds
■>'*
30
Total sales in $1,000 units..-.
Low
*
•*'
Indus¬
Date
(Close
Total sales in $1,000 units...
2X8, 1956-59.
Stock Exchange
compiled by Dow, Jones & Co.:
Total sales in $1,000 units
Total sales in $1,000 units...
! 1
.1
daily closing averages of representative
the
are
stocks and bonds listed on the New York
:Y[H!gb
(High
(Low
Bond Averages
Stock and
100.17
100.17
'
•
Total sales in $1,000 units..
vTotal sales in $1,000 units...
-
850,000
.
-
100.19
(Low
2s, 1951-55
Low.
'
1941
1942
$3,217,000
Total..
(Close
(Close
U 2X8. 1948-51
$3,382,000
.
Jan. 1 to April 24
Total sales in $1,000 units...
(High
2Ms, 1945-47
$159,000 ;
392,280
Foreign corporate
.(Low
110.4
Total sales in $1,000 units.
*6,000
794,000
fHigh
2s, 1949-51
110.4
(Close
2%9, 1955-60
YYY
110.6
;/ 531,000
-
Bonds )i
Foreign government.
1
-
~ 2 ,001)
744,000
-
292,710
Domestic::..
Total sales in $1,000 units.
Total sales in $1,000 units...
:
1941
1942
Exchange
Stocks—No. of shares.
-(Low.
-v/jLv
-
Low.
3s. 1951-55
528,000
521,000
New York Curb
(High
(High
.
"2*,000
519,000
Week Ended April 24
101.27
1
2s, March 1948-50
.
.
101.27
Total sales in $1,000 units...
1
482,000
43,685
Monday,
101.27
[] '
$12*,6O6
470,000
38,090
38,765
(Low.
107.28
Total
$310,000
$2,000
.•
Wednesday.'.?....
Total sales in 51,000 units...
: (High
;
;
Corporate
$308,000
(Close
»;;■
- (Close
Total sales in 51,000 units...
: .
39, 1946-48
Government
Domestic
31,620
....
fHigh
2s, 1947
[ ":l"
Foreign
Foreign
Tuesday
(High
.(Low.
3V,s, 1949-52
.
Saturday
Total sales in $1,000 units...
,
of
Shares)
$1,000 units—
5
i
{ Bonds (.Par Value)
(Number
(High
(Low.
2X3. 1954-56
(Low.
Total sales in
Stocks
Week Ended
April 24, 1942
High
3MS. 1946-49.
,
i
100.26
5
21
Total sales in SI,000 units...
Close
•
6,689', bOO
U. S. Government
(Close
[High
...(Low.
3Ka, 1944-46
•
>8.651,600
9,000
Foreign., -x"..'.
(Low.
-
2 Ms, 1967-72
Low.
(Close
(Close
Total sales in $1,000 units
Y
21,500
608,000
Exchange
.
(Close
Total sales in $1,000 units...
,
7,202,600
5.601.600
7,329,300
1,147,000
Stocks—No. of shares.
Total sales in $1,000 units...
/High
,
■?'
-Low
Olose
Total sales in $1,000 units..
3X8, 1943-45
1.000
$2,687,900
*
New York Stock
[High
Y;YV;'v'Y'
509,000
11'ceA' Ended April 24
(Close
108.5
(High
-J Low.
;
8,500
61,500
6,072,900
(Low.
2Ms, 1952 54
.
Total sales in $1,000 units—
3%s, 1943-47
V $17,900
382,000
(High
108.5
Total sales in $1,000 units...
3Ms. 1946-56
$214,000
348.000
,
,
,7,483,100
Total sales in $1,000 units—
108.5
Low
(Close
Bond.
390,080
Total...;....
"-(High
Total
Sales
...
..
429,473
"
'•
(Close
I
{
Wednesday....
Thursday
Friday J....."...
iti£.
1950-52........-(Low;
•
'
2'As,
115.12
'
(High
Treasury!
115.12
Total sales in $1,000 units...
4
■
•
Bonds.
Bonds
...
Government
Bonds ;
Foreign
u
$2,456,000
1S4,660
240,000 7 5,192,100
6,938,800
270,250
6,692,600
257,030
Saturday
Tuesday
Treasury
and Miscell.
Shares
Monday
United Stales -f
Railroad
-
Number of
V'-:*'.
--
-
v
Stocks,
.
Apr. 18 A pr. 20 Apr. 21 Apr. 22 Apr. 23 Apr. 24
Prices
Dally Record of U. S. Bond
Home Owners'Loan and Federal Farm Mortgage
Exchange during the current week, j
•
'
m j c ■>;
32d of a point.
i
*
)
Daily, Weekly and Yearly
daily record of the transactions in Treasury,
a
Corporation coupon bonds on the New York Stock
i
the New York Stock Exchange
Transactions at
New York Stock exchange
U. S. Government Securities on the
[High
.
■
Total
24.11
"10.87
32.53
106.15
92.49
54.15
108.81
(Close
Apr. 20.
97.25
24.17
10.89
32.64
106.18
92.36
54.32
108.79
90.4.
Total sales in $1,000 units...
Apr. 21,
97.51
24.52
10.87
-32.80
106.18
92.50
54.48
108.79
00.4
: 97.20
24.45
10.87
32.70
106.15
92.43
54.55
108.71
109.21
Apr. 22.
Apr. 23.
94.b8
24.03
10.70
32.02
106.09
92.35
54.41
108.65
109.21
-31.72
106.04
92.33
54.13
108.61
90.4fi
90.37
90.28
3s, 1944-49..
Close
Total sales in
j
96.92
Apr. 18.
....(Low:
:.*
$1,000 units...
'
■
(High
(Low
(Close
•
2Xb, 1958-63
X-1- "
Home Owners' Loan
109.21
"
3s, series A,
Total sales in $1,000 units...
•
-r
110.12
Low.
104.9
104.9
110.12
•
2X8, 1942-44
(High
(Low.
V' -,'■■■
(Close
Total sales in $1,000 units..
NEW YORK BOND RECORD
-■
■
YS
(High
.........
Low.
(High
Close
Friday
(Low.
IMS, 1945-47
Total sales in $1,000 units...
N. Y. STOCK
Total sales in $1,000 units..
High
Close
*
Total sales in $1,000 units...
106.17
106.13
| Low.
(Close
106.17
106.13
106.17
♦4
Odd-lot sales.
t Deferred delivery sale.
1
copuon
Treasury 4MS--'-
Treasury 4s
...
No'sales. Y'Y
;
•
/
YY.
Treasury
Treasury
Treasury
Treasury
NEW YORK STOCK RECORD
Range Since Jan. 1
Range for Previoui
for
NEW YORK STOCK
On Basis of 100-Share Lots
Year (1941)
the
EXCHANGE
Wednesday
Apr. 18
Apr. 20
Apr. 21
Apr. 22
Apr. 23
Apr. 24
Week
$ per share
$ per share
$ per share
$ per share
$ per share
S per share
Shares
Th ursday
Friday
Treasury
Highest
$ per share
$ per share
Lowest
Highest
*3812 3934 *38i2
10614 106'4 ♦lOCU
39*4
*3812
*10612
3934
38i2
38U
♦106i2
*3Si2
406i2
39
3S12
38i2
200
40
Abbott Laboratories...No par
;...
*30
38"
*i06i2
38
♦30
3778
*30
377®
*30
3734
*30
3734
Abraham <& Strau3
*44S4
534
47
5«4
*4434
46
♦45
47
*4478
47
*4434
46'2
Acme Steel Co
534
*4434
5S4
46t2
534
*1834
1934
11
30'4
*18*4
♦103s
3014
1934
1034
*18*4
20
70i4
♦67
7OI4
178
*67
92
*65
*1014
3034
*67
1 8
*65
.
2
92
*134
*65
3078
»«
*»i*
"a J
378
378
3?8
3i2
334
*10*3
1112
3?®
*3i2
*10*4
534
103s
101s
3034
31l2
70i4
17#
92
534
*18*4
IOI4
30i2
06714
534
20
10i2
3034
67»4
2
2
♦65
92
5*8
*18*4
10i8
2978
*66
1«4
*65
5*4
19*4
10'4
31>4
70'4
1®4
88
11
"3!
*4
6>2
1914
5*8
2,600
19M
100
*10l8
10*8
800
29*>8
3038
5,300
*66
17®
«82
4%
preferred
100
3734Marll
104
No par
32
25
45
497g Jan 13
IO8I4 Feb 19
Mar 24
Mar
43
5
Apr 17
Adams Express
...No par
Adams-Mlliis Corp
No par
19
10
Mar 27
Corp
Air Reduction Inc
10
No par
.
Jan 12
48*4 Jan 13
Jan 21
Address-Muitlgr
5i2 Apr 21
7i2 Jan
3
20'2 Feb
3
11*4 Jan 20
-
46
Feb
34
Dec
43(2 Deo
Si® Apr
X1734 Dec
9i8 Dec
295s Apr 21
38U Jan
6
345g Nov
30
Ala & Vioksburg Ry Co...100
61
68
2
73
-178
1,700
Alaska Juneau Gold Min._.10
134Mar24
85
Apr 9
60
82
•'<8
5i«
3g
2,000
334
3i2
4,100
*3i2
4
3'2
*3<2
*10'8
11
9'2
10's
per
share
Albany & Susq RR Co
Allegheny Corp
5 M % Pf A with $30
100
No
par
*11 Jan
115.12
1
114.14116.2
108.5
6
Mar
258 Jan 13
'
9434 Feb 10
38 Jan
2
7
55*4 Sept
Treasury
1
108.5
1J2
Sept
Dec
85
Dec
'8
35g
3i4
IH4
Dec
Jan
8U Dee
2414 Aug
157® Jan
45
July
75
Aug
5
Jan
99'8 Aug
58 Jan
*100.31110.8
*103.6
..1955-1960
1945-1947
—1948-1951
2Ms..
..1951-1954
2MS--.-.-----1956-1959
M S
110.4
M
S
*105.30106.4
M
S
*107.25 108.2
1958-1963
1960-1965
1945
2 Ms
} 948
2M8------—.'.1949-1953
Ms
1950-1952
...1952-1954
2Ms....-.----1956-1958
Treasury 2Ms.....
Treasury 2Ms.
Treasury
High
J
54i2 Sept
5134
M S
108.5
O
Treasury 2 Ms
Treasury
701.4
Jan
115.12 115.12
A
Treasury 2
♦30 :
-
$ per share $
0
D
1944-1946
3Ms..
..1946-1949
3 Ms
1949-1952
3s....
1946-1948
3s.........
.1951-1955
Treasury 2Ms
-
A
J
0
Treasury 2Ms
Treasury
Lowest
a
Since
Asked
D
Treasury 2 Ms
STnrir?
Tuesday
Range
&
A
Treasury 2Ms.
Sales
Monday
Bid
Low
1947-1952
..1944-1954
..1946-1956
—*.1943-1947
1943-1945
Treasury 3Ms.
Saturday
Range or
Friday's
Sale
J
Treasury 3M»
Treasury 3X8..
LOW AND HIGH SALE PRICES
Week's
Last
Price
.
U. S. Government
of
Treasury 3M«t-v-•
24
h
Treasury 2 Ms
--JorT"}o«
— -
Treasury
4
378
1034
378
334
334
3*8
1118
♦1034
1H8
10*4
For footnotes see page 1661.
3io
4
1,100
300
war. 100
5M% pf A without war. 100
$2.50 prior oonv pref.JVb par
3i2 Apr 17
3i2 Apr 18
9i2 Apr 24
6
Jan 26
D
*108.5
108.11
107.28108.14
D
*110.22110.31
109.14110.22
D
107.28
M
J
S
D
M S
♦110.16110.25
110.13
107.2
108.15109.18
108.16109.27
108.16110.21
D
109.21
109.21
D
110.12
110.12
D
*105.19105.28
S
57® Jan 26
17
Jan 27
♦107.3
107.11
106.13 106.13 fl06.17
;vv-*v
105.18105.25
106.17107.7
105.24 106.23
J
S
106.19106.28
M
S
*103.23 104.;:;
103.6
♦102.26 103.3
102.18103.14
M S
M
J
S
D
J
D
J
D
M
S
100.26 100.26
101.3
*104.30105.6
101.9
101.14
104.29105.6
*104.23 105
107.2
104.6
101.17
103.14105
>•
100.24101.21
103.27105.10
104.5
104.27
101.17 102
103.27104.24
Apr
Treasury 2s
—1949-1951
J
J
*101
2U®
101.9
?../.—1951-1955
J
D
100.17
100.19
..1953-1955
J
D
*103.14103.22
D
100
101.27
101.27
Dec
J
106
*104.20104.28
Dec
1662.
108.28
M
1947
For footnotes see page
107.16107.30
109.18
J
M
107.29110.15
105.28 106.9
*108.16108.25
J
3D
107.15108
109.5 110.26
♦109.9
J
./
15 1948-1950
15 1948-1960
107.28
Treasury 2s....-Mar
Dec
104.20
104.30105.20
Jan
Aug
Treasury 2s
103.26 104
104.3
J
J
Treasury 2s—
High
108.27
109.26110.8
104.31
105®
-9i2
Dec
No. Low
104.25 104.30
Treasury 2s
334
Jan. 1
J
1952-1955
1954-1956
Treasury 2Ms
Treasury 2Ms...
103.10
*103.25104.1
Treasury 2s
4'8
03$
X L'ash sale.
Note—The above table includes only sale
bonds.
Transactions id registered bonds jtoe:
106.13
Total sales in $1,000 units...
..(High
2 Ms. 1949-53
EXCHANGE
Week Ended Aprl
Low.
YvY-
BONDS
r
(Close
2'As, 1948
j)
110.12
Total sales in 31,000 units...
2Ha, 1945...
10.65
23.72
Apr. 24. ,94.13 ;
'
00.40
Total sales in $1,000 units..
(High
(Close
2X8, 1960-65
104.9
(High
1944-52....(Low.
•
(Close
.
100.28 101.5
100
100.22
102.22 103.18
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4067
>
NEW YORK STOCK RECORD
NEW YORK BOND RECORD
BONOS:
%
IFcefc's
Frtddy
Last
1
*
n; y. stock exchange
Week Ended April 24
yj
Sale
Range ory
♦
Friday's* !
&
Asked
Bid
•
•
«.•
•
«1
ij.-v..;'.'■
t
'ft* ■
144s series
:
:
»*«
Saturday
Monday
Tuesday
Apr. 18
Apr. 20
Apr. 21'
Wednesday
! Apt. 22
■
VnriBBK;,■
Transit Unification Issue—
•
STOCKS
.
y
..
NEW YORK STOCK
EXCHANGE
Friday
Apr. 24
Apr. 23
Range Since Jan. 1
On Basis of 100-Share Lots
■■
Range for Pmtoui
Year <1941).* ~
yy
Lowest
Lowest
Highest
Highest
Hivh
!>'<
Shares
'• v'X i-A'? Par
\
104.09104 23
1,200 Alghny Lud St! Corp.-No par
AHeg A West Ry 6% gtd..l00
Allen Industries Inc...
1
Allied ChemloaLA; Dye.No par
Allied Kid Co..............5
100,22100.30
Allied Mills Co Inc....No par
104.14104.25
.194M947
M...;
L
'
Thursday
104.20104.20
L—.1942-1944
,N«*b
•*',
v
HIQft- SALE PRICES
1
:.
Home Owners' toai Cof
,' ■% I
SSseHes A.1944-1952
244 s series G
Since1;*
/an. 1
-,14'a'..1'X'"
1944-1964
31*8—
'.v-';
t
}
-
«
Loit
'
u. S. Government (Con.)
Federal Farm Mortgage Cdrp—
LOW AND
Range
;,
>*.'1
?
Price
Allied Stores Corp.
No par
.....100
5% preferred
{
Alils-ChalmersMfg—-.No
par
Alpha Portland Cem..No par
3% Corporate Stock.. X..—1980
Amalgam Leather Co Inc.... 1
6% conv preferred.*—-50
Foreign Govt. & Municipal
v. .'
Amerada Petro Corp.,No par
Am Agrlc Chemr (Del).-No par
American Airlines Inc......10
American Bank Note...... 10
I
■„
6% preferred
>
Agricultural Mtge Bank (Colombia)
♦Gtdslmk fund 6s.
i.1947
•Gtdslnk fund 6H
...1948
411»
-..-50
'
X
48.19d8
3%
2612
'
"A ♦External
*
s
♦External
♦External
s
{ - 58-%
**150
591 g
♦160
f *64ig
**16*8
17s' 2d series. 1957
♦External sCcs f 7s 3d series. 1957
sec s
25'lt
67*2
17:
*105
10838
1*68 v', 70 =
Antwerp (City) external 5s....1958
1
*14U
f
*4
*105
'*09
18 *
•
4*2
i
---1971
*4lt
American Colortypo
....100
107
No par
*734f-
4*«
Am
Apr
90t2
'
Dec
s9>2 Mar
Co....10
'
4*4
Comin'l Alcohol Corp..20
Deo
4%
Feb
9 >2
Feb
..
1
*wg
17
t
...1972
S fextl conV loan 4s Apr ...1972
A ustralla Com' wealth 5s—i.—1955
External 5s of 1927
—.1957
External g 4 Ms of 1928
.1956
I
/
Argentine (National Government)—^
S f external 4 Ms-—
.1948
5% conv preferred..
American Chicle
16'a Deo
Am Coal Co of Allegh Co NJ 25
17>2
Dec
Apr
Feb
56
>
Am Chain A Cable Inc. No par
71
;
*14lo
Doc
23
100
Preferred....
67*4
17*4
'log's
Apr
Mar
55U
15712
100
-
Dec
Deo
1
Amerioan Car & Fdy. .No par
25«4
*65«s
17'
'
J
Preferred
r
168
{ 25io
>
25
American Can
5838
£•58*2
160
f' -2518
f 7s jjerlfts D.i—.1945
f 7s 1st series. j.,1957
S f ext conv loan 4 Ms- —
S f extl conv loan 4s Feb
xl22)2
Amer Cable & Radio Corp..l
♦Antloqula (Dept) coll 7b A...1945
/*; ♦External s f 7s scries B —— 1945
♦External at 1a series C.'. J-1945
Dec
*
<
10(>
544% conv Pre*
Apr
4II4
—
Akcrshus (King of Norway)
Feb
.Tit*
'
...1
Am Brake Shoe & Fdy.No par
——
Feb
40
American Bosch Corp
•
Feb
14%
.
'"
*95')
957«
800 American Crystal Sugar
■i»
*
^
10
100
6% 1st preferred
10
700 American Encaustic Tiling.. 1
>2
Deo
3s4
Jan
Lines Inc-.l
400 American Export
•
Jan
78
■'X
■
Sees..No par
Amer European
1>8
800 Amer <& For'n Power...No par
External
f 6s
s
-
.
$6 preferred
f 6
of 1926
♦External
s
f 6
of 1927
Products... 1
No par
51<4
200|' 6% non-cum pref......100
30*8
Oct
'■A 4U
Jan
13U
Jan
5)
Jan
17'a
Jan
1,000 American Home
5,600 American Ice
♦7s (Central ItyH—
Brisbane (City) « f 5s.
— —
Sinking fund gold 5s
Sinking fund gold 6s
Corp...No par
American Invest Co of III—.1
.
Buenos Aires
5% conv preferred.....-.50
1
Locomotive.No par
900
Preferred—..
...100
1,500 Amer Mach A Fdy Co.No par
i
*79
-
5VA
External s f 4H-4HB
56 %
58 H
Refunding s f 4 MA 14s...
A External read) 4^-4^8—
External a f 4%-\Ma
*58»*
*
3% external
s
95U June
200 Amer Maoh & Metals.-No par
6<s Sept
2,600 American
(Province of)—
*63 stamped
44
f 5 bonds—
—
*
56 %
56^
47«
*4»8
X 58H
61
'44
16">«
IGh
1
800 Amer Metal Co
1434 1143.1
30
1*)
15**
157*
1234
No par
No par
28,400 Am Rad & Stand San'y .No par
12»4
4*4'
*149"
—1952
-.1
.
—
500
Apr
4%
100
Preferred
25
100
4,500 Amerioan Rolling Mill
^ 4
1,360
conv
preferred
Jan
46'4 Jan
39
Jan
7U Jan
165*2 Aug
157s Jan
55 preferred
10
10*4
54l2
3>4
56 preferred
1,100
159
10*8
X 537«
...1945
..1961
7-ycar2^8
1944
30-year 3s
.'...i... 1967
30-year 3s....
1968
♦Carlsbad (City) 8s. j...... -1954
—
Dec
26«2 Aug
3,400 Amer Power & Light.. .No par
4'
10-year 2)js..
25-year 3*i8
23
No par
260 American News Co
Jan
121
100
23*i
1o
Canada (Dom of) 30-yr 4s—1960
13»4
Ltd...No par
6% preferred
23*i
5s...—.u.——
Aug
2<s Sept
1,300 Amer Internat
i.
—..
40
-
4>« Jan
33*2 Aug
50
6% conv preferred
300:
f ♦Brazil (U S of) external 8s.
s
37$ Jan
24% sept
38*2 Jan
300 American Hide <fe Leather... 1
Externals f 7s—..—.—
♦External
:♦>
No par
S3 Co. 10
700 American Hawaiian
-
-
57 2d preferred A...No par
100
Belgium extl 6^8.1....—
$7 preferred
Jan
2818 Sept
...No par
800
200
73*4 Jan
*
.
f
.■;•••
.
*5*8
;2:7«*
.
i.••
5*t
■
♦29*8
1658
♦I 0*1
♦Extl sinking fund 6s..Feb 1961
*6s assented
Feb 1961
•
29'4
29«4
*140
167«
*5
7*4
29
39
138
*28*4
38»8
,
*135
293«
*l39l2 _:.;_
>#6s absented— l.1960
5
*7 rv r
28l2
38
38*2
135*8 135*8
—
5*
•.
7t<
♦28*8
♦Chile (Rep) Extls f 7s._—1942
«,
• *7s assented
1942
♦External sinking fund 6s—.1960
*
-
*28U
10*2
39
*139*2
17*4.17*4
;
Co..No par
Ship Building Co. No par
3,800 Amer Smelting A Refg.No par
200
Preferred....
100
135
17
—
-
Jan
10*8 Oct
40'i July
45">g July
155. Sept
54
25
700 American Snuff
30
-
<
120 Amer
29
38*8
135
7
18.50
400 American Seating
73s
*7
*29
400 American Safety Razor..
511
Jan
150>2
Jan
28*2
6% preferred—
100
2,800 Amer Steel Foundries—No par
500 American Stores
No par
Jan
......
-
17*s
10*2
11*2 July
10*4
10*2
8*8
778
17*4'
17*4
89
89
17*2
88*2
88*2
19
19*i
700 Am Sumatra Tobacco—No par
111*2 113*2
14,900 Amer Telep A Teleg Co... 100
16834
25
5,700
Common class B—
.25
500
6% preferred
100
900 Amer Type Founders Inc..10
3,800 American Viscose Corp....14
400
5% preferred
100
73*2
74*2
10*4
I
♦Ry extl
•
•
-..
*16*4
*1834
•*♦68 assented J. - -Sept■■ 1961
-
113
♦External sinking fund 68—1963
*34*4
35
^,...1963
»e
—
i I
-
13 M
15M
13
12 H
--1--. 1061
12X
•Guar sink fund 6s..1962
14M
^
•
♦tis absented ——
<13
1962
14
♦Chilean Cons Munlo 7s...1960
*78 assented.......
—1960
—
;■ •;"k'
;■
•
'■ i
-
•;' '.
•■
♦Chinese (Hukuang Ry) 5s....1951
Colombia (Republic of)~
*37fi
91*8
'
*18'"
19*2
! 19*t,
113*4 114*2
35
343i
3478
35*2
123*2 123*2
378 s
4
35*2
4
"
22*2
:
'
110
223-4
110
'•
-
19*i
113*8 113*4
'34*1
34*i
AO
-
34*2
35
34
36
.
35*s
1,800 American Sugar
800
Preferred
1734
*4
AQ
4
*10934 11078
4
23*8
23*4 : 2>3®8
■
*10934 1103}
438|
23*8
10934 10934
\
■
'■
j
♦Sinking fund 7s of 1926— —1946
♦riluking fund 7a of 1927——1947
1952
1953
Copenhagen (City) 5s
25-year gold 4Mb——
Cordoba (Prov) Argentina
7s.. 1942
♦Costa Rica (Rep of) 7s......1951
5« of 11)04^.-.1944
1949
1. External loan 4Ms—-.-.—-1949
1977
4Ms external debt—
\t Sinking fund 5M8---J»tt 15 1953.
1
♦Public wks 5M8--June 30 .1945
♦Czechoslovakia (Rep of) 8S...1961
i ♦Sinking fund 8sser B
—1952
Cuba (Republic)
External 5a of 1914 aer A
,
25M
17M
5634 July
75
JOL
2,100 Armstrong Cork
200
Artloom
100
,107^
5
.
.. .. .
684
7% 2d preferred
343.1
35*8
66
35*8
3,100 Atlantic Coast Line RR—.100
36®4
AtlG& WISS Lines..
22
1534
16*8
6*2
6'i8
47
*46-'50
*45
nt034 120
*1*4
*16*1
3*s
48
,-50
♦11034 120
734
1®4
21 ,
■: ;734
*73»
■
47
*1*4,
*16
-21
*1*1
1«4
.1
-
3*8 '
111*8 Sept
......
7*2 July
,
Austin Nichols
55 prior A
72*4
(The)„3
•El Salvador 8s ctfs of dep....1948
•Estonia (Republic of) 7s
.1967
14*4
i
3 :
^'
Finland (Republic) ext ;6s.....
":
1945
French Republic 7sstamped—.1949
.
11*4
4*2
4*2
24'
v
11*4
3
V 3
5*8 ' 5*4
5's
;
4'"
'7*8'
*478
*25
-
73g
538
30
'
7?8
*478 ''
*25
538
30'
11*4
10'4
278
' 5*4
23*2
73g
1038
4'"
23*2
24
'
7s. uustamped-—.....—-.1949
11*2
3
5*8
3
5*i
278
5
4'"
24 "
7*8
*4*8
23*2
7
*4*8
*23 '
,
7*8
•
*478-"5
*25
30
-
478
*25
107«
3
3,500 Baldwin Loco Works v t c..l3
5,300 Baltimore <fe Ohio
100
10*2 Apr
23i Jan
5*«
2,000
4% preferred
100
300 Bangor A Aroostook
—50
130
Conv 5% preferred..—.100
434 Jan
17
2
2
4
lo
4'°
23*2
7
1,000 Barber Asphalt Corp
100 Barker Brothers
478
30
"
.....
"
8?4' "87g
15*2 1538
Creek Government
v
»7s part paid—*68 part paid....
For footnotes see page 1662.
♦15%
20*2
*103
17
8«4
834
*15*8.
15?4
*16
17
'
8*2
*,15*8
*16%
8«i
8*2
8*2
15*2
15*1
15*4
17*2
16*8
.No •par
50
3,000 Barsndall Oil Co
—5
700'Bath Iron Works Corp.—.'—1
16%
20*2 *20*8
21
*20*8 21
20% 20%
105*8 *103
105*8 *103
103*1 *103
103*4
5M% preferred
10
400'Bayuk Cigars Inc
'
300,Beatrlce
t
Creamery..
$5 preferred w w
No par
.25
No par
Jan
Oct
9*4 July
37g Oct
25*2 Oct
: fi'a -Ja»
..No par
20
51*i Nov
121-
No par
-No par
7,800 Aviation Corp of Del
3*4
28's Dec
—100
5% conv preferred
Oct
56 1, Nov
*
No par
283 Atlas Powder
500 Atla* Tack Corp
*
3*4
->
5
50
-
6% preferred—
1,900
7*2
.
45*2
I
4% conv pref series A...100
4,700 Atlas Corp
48
7*"
70*4 May
28*« July
5% preferred—.....—-100
8,100 Atlantic Refining—25
*11034 120
7h
1»4
315s July
1,000
*100'i 103*2
Jan
96*2 Mar
300
*34
Oct
102*2 Aug
5% preferred-.'.
100
8,400 Atch Topeka A Santa Fe„100
1.800
5% preferred
100
21*4
Jan
10ij Sept
88 ; Sept
100
100
6% 1st preferred..
5*2 Jan
70*4 Sept
72
Sept
34's Jan
934 Sept
91*2
1
Assoc Investments Co.No par
21
*19
:
-
100
7% preferred-.
500 Associated Dry Goods
81
33">8 Sept
1121s Sept
No par
Corp
66
t
17U Sept
Co..-No par
Arnold Constable Corp
20»4
{♦Denmark 20-year c.xtl 6s....1942
External gold SMs:- —...J195-5
External g 4Ma4-—Apr 16 1962
S • Dominican Rep Cust Ad5M8l942
{♦1st ser 5Ms ot!l926—-1940
{♦2d series sink fund 5M8—-1940
Customs Admin 6 Ms 2dser._1961
5 Me 1st Serlesj. it..
1969
6Ms 2d scries,i... ...-j
1969
35*2 July
Oct
ioe; 111
15
Jan
July
Jan
Jan
103 M
,
»
12*2
2*g
55 dlv preferred.
101
t
8
30
115*2
102 H 102 M
100
Preferred
No par
17 M
100
Jan
Jan
8^8 Aug
81U Sept
Mining
20
300 A P W Paper Co Inc
5
500 Archer Daniels MldPd.No par
600 Armour&Co(Del)pf7%gtd_100
3.700 Armour & Co of Illinois.....5
1,200
56 conv prior pref...No par
100
7% preferred—
.100
99 M
12M
7*4
99's
200 Andes Copper
24M
97
Aug
No par
—.100
20
28
18M
29*8
11634 Aug
12,500 Anaconda Copper Mining..50
160 Anaconda W A Cable..No par
200 Anchor Hock Glass Corp. 12.50
28
28
25M
25M
Jan
.No par
800
45M
36
25 M
Jan
7.
j;
2,400 Amer Zinc Lead & Smelt....I
55 prior conv pref
„«25
V
♦Colombia Mtge Bank 6 Kb...1947
Jan
Jan
Woolen
45M
29 M
159
Jan
56 1st preferred
800 American
'.'.'1^ I..UH
37 H
—..100
5,900 Am Water Wks A Elec.No par
14 M
39M
Jan
22*8 Sept
88
Sept
19r>8 Aug
Reflning„100
3,000 American Tobacco—
34
3o't
12234 122®4 *120*2 122
?
13*2
No par
500 American Stove Co
8
1
-.—Oct 1961
♦6s of 1927.'—Jan 1961
3s external s f 5 bonds.,
11970
♦6s of 19281
...
19*2
17*4
;
15
15M
15
15 M
,14
llh
— —
:■ ••.•
*8
15M
♦Guar sluk fund Cs—.....—1961
♦6sassented-
15 M
13
♦Sink fund 6^8 of 1926—1961
♦6 *4 a assented
1961
1
16
12M
1957
—
17'
1133J
*122*2 124
.
♦Chile Mortgage Bank 6^8—1967
♦6V*s assented—-
17
♦88 •
♦External sinking fund 6s.—1962
♦6s assented...........—1962
*6s assented..
8*8
"
1961
1961
-
♦Extl sinking fund 6s-Hept
t-y
*8""-
1961
f 6s._——Jan
*68 asscuted. .1
Jan
s
-
22
Apr
Jan; 2
6:,8Mar 25
■47g Apr 24
25
Apr 17
838 Jan
1478Mar
2
7
16*8 Apr 17
20
Apr 16
103
Mar 20
THE COMMERCIAL & FINANCIAL* CHRONICLE
1654
Monday, April 27, 1943
NEW YORK BOND RECORD
NEW YORK STOCK RECORD
CTfiriTC
Sales
LOW AND HIGH SALE PRIORS
Saturday
Apr.
3 per
18
Monday
Tuesday
Apr. 20
Apr. 21
Wednesday
Apr. 22
V Friday
Thursday
Apr. 23
Apr. 24
714
♦12%
Lowest
Aviation..
Pr pd 32:50
Best & Co
•
17%
y..No par
16%
*26%
Bohn
27;
18%
22%
35
14%
18%
22%
*1%
*2634
1%
27%
*16
13%
17%
•
7«4
18%
18%
*27
29
30
30
"32
*"32
*1
7%
1%
7%
*28%
29%
*10
10%
6%
6%
*105% 106
*2%
2%
52%
53
!
21%
*1%
26%
*16*4
*7«4
17%
Borden
v.28
poller Bearing Co..fc.5
.Dec
6% Dec
Briggs & Stratton.-...No
29
:v
i. 38."
:
i
v
* >
-
Brooklyn Union Gas...No par
v?
Brown Shoe Co....^..No par
'
2%
50%
AW
i{J30.
r
i
>
,
Bucyrus-Erie Co'"r
2%
50%
"
'
J Mexican Irrigation—
*4
stamped assented. ....1943
B
^Mefcico (US) extl 5s of 1899 £-1945
!
* Assenting 5a of 1899.......1945
f
f
k
J; ♦Assenting 48' of 1904.-v ii 1954
♦Assenting 4s of 1910.—--—1945
I^Treas 6s of *13 assent.—.1933
<
I
:S t
t .-t.,;1
Mlnas Geraes (State)—
-A
•••.'
K
v:
*
.
Budd Wheel...
:
f
•
•
-»«•»*
1943
1944
External 6s.
f-
External sink fund 4 J4s
)
^
Externals f4)4s....i
1956
.1965
...1963
207g July
56% Nov
1*4 Dec
15.
Dec
"
2 >g
Oslo (City) s f 4 Ha
678 July
s
23
Dec
6
Butte Copper A Zinc.....*.5
.25
Dec
18
~
Municipal Bank extl s f 5s.. 1970
4% Sept
Sept
v.
4% Dec
>,
30
4s s f extl loan..
9% July
5% Dec
V;
.-1
Deo
Aug
4%
Jan
11%
Feb
100
Jan
July
7% Apr
12
Jan
,
"'
Byers Co (A M)._
No par
Participating preferred.. 100
Byron JAckson Co.....No
% «■ *• •
- •»
49, May
Bldg7% Pf....l00
oonv preferred...
-j-
45% Dec
-
Butler Bros....—10
5%
External at 5s—:.-u---Apr 1958
Norway external 6s
•
84i4 Jan
35% Sept
j
pref 32.75ser.-No par
Burroughs Add Mach..No par
Bush Terminal.-
I^Ijew soutb:- Wales (State)—, .#&:
j
Externals f 5s'..i.....i^-..1957
rv 8%July
V-18'4 Dee
23js Deo
...No par
Conv
Bush Term
12% Jan
118
Jan
"5% Jan
76, July
t
$r^0p#
Burlington Mills Corp.... 1.1
1
1952,
:
Bulova Watch........No par
1
6Hs....
♦Montevideo (City) 7s
;
^
1958
1959
8 f
2% Aug
' :
Buffalo Forge Co..-.--.- —-I
1
*Secextl
14% Sept
37 Sept
•
Jan
51. : Feb
f
..No par
Bullard Co
I!;
^6% Jan
.
7% preferred...— ....100
1
j-
<v-
^, 7)8 Dec
xiQ9 J une
'.2%'.Dee
:....,5
7% preferred.--.....-..100
Budd (E G) Mtg-.-...No par
1
72 H
51H
101
-101'-
4sreadj1954
£l.%»Dee -23% Mac
-!
Bruns-Balke-Collender.No par
•
*70 H
-h
,
♦MedelUn (Colombia) 6 Ha.—1954
»Mendoza(Prov)
414 Jan
;45'4 Oct
hr Dec
if Dec
7.
Dee
<
7%
29
11
10% *10
6%
6%
6%
6%
*103% 106
*10312 106
2-%
;■
1%
7 ;
29
^
•
,2318 " Dec
par
Bklyn-kfanh Transit..No par
*10
52
♦Jugoslavia (State Mtge Bk) 7s 1957 4. O
12% Jan
25% Jan
1414 Dec
Bristol-Myers Co..... T..... 5
Brooklyn A Queens Tr.No par
*1
1%
-
i960
V-'-.♦Seeextls f 6Hs
31%
7... 7%
Helsingfors (City) extl 6 He
89V Jan
17'4 Dec
.
16% Deo
Bridgeport Brass Co...No par
Briggs Manufacturing.No par
*'l82 .'Mjl
2%
*50%
foSUjuly
29
:*i
2Sept
Apr
Brewing Corp. of America..15
■
!
U16:
7%
18-
31%
<
115
Borg-Wamer Corp....... t .5
Boston A Maine RR—....1QQ
Bower
{CoVA.)
.
17%
*27
*28%
i
po (The)
Asked
i ♦Haiti (Republic) s f 6s ser A..1952
v
Bond Stores Inc............1
13%
18%
22%
• 2
26%
18%
?
•
7%
Airplane Co.......1.6
Aluminum & Brass.*.5
Bon Ami Co class A ...No par
Class B.....—.No par
80
80
*33%
*14
.
Boeing
Oct
-
Blumenfchal A Co pref—100
69
16%
&
<
Bloomtngdale Brothers.No par
*6514
& Munic.
^
Friday's
Hid
■
•
Bliss A Laughlln Inc........5
14
,17
t
div ser'38 No par
U---W--/V0 par
Blaw-Koox Co.
Foreign Govt.
/;32%/Apr
41% Sent
.>'• 10% "Dec '• 207j Jan
v 50'; Aug
i, 67
May
;
19% Dec ••• 84% July
6t>ai pfec » 89%, Jan
3115
Deo Wsj ,JM
[ 21 V .Dec
31% Aug
i ;1 5 V D®0 i 237g Sept
:;<:6 .'.Dee "lQ%vJan
13.
D,ec :18% Jan
10
Dee : 17
Qot
'!?■ v, —
70
Dec
90, Mar
12?8 APT
24% Sept
#
25%; Oct
35
Jan
89
Dec 11H4 Jan
1
38 , Apr
54. Jan
-17
Dec "23% July
V 48U: Deo -21^Sept
.5
Blgelow-fSanf Caro Ino.No par
Black & Dooker Mfg Co No par
5%
*12
Price
-
,
7% preferred...100
19%
5%
Week Ended April 24
82
.
10 V Jan
.
Bethlehem Steel (Del)..No par
*110% 114%
19%
*15%
Sale,
Apr
.108,. June ■126 ; Jan
r," 6% Deo
8% July
£ 281* Feb
Beneficial Indus Loan..Ne par
50
ft'ft Highest
Week's
Range or
Last
ifper^hate\\>per share
Beech-Nut Packing Co..-.20
1984
55%
55
"Lowest
Highest
Par
..
Beldlng-Hemingway...No par
Belgian Nat Rys part pref..—
Bell Aircraft Corp....1
11%
*19
BOfsJDS.
N. Y. STOCK EXCHANGE
,....50
Beech Creek RR
7%
*48%
yft
■,'
:■
Bendix
♦11
preoious
I
Week
28%
76%
♦70
Friday
•i Range,for
1
lOQ-SharepotSf
EXCHANGE
the
Shares
share
Jan\
Range Since
Oh Basis of
YORK STOCK
NEW
for
>
% 761s
V?
par
•Panama (Hep) extl s f as 4 er A. 1963
v. ♦Stamped assented 5a
1963
ft Stamp mod 3Ha ext to.....1994
Ext secret 3 Hs ser B
,...l(.)67
K
•Pernambuco (State of) 7a
1947
•Peru (Rep of) external 7s....1959
400 California
Packing
5% preferred
■
% Jan
•
3
...25
4,300 Canadian Paclflo Ry
400 Cannon Mills.j..No par
100 Capital
;
Admin.class A.
$3 preferred'A
50
1
Carollua' Clinch A Oh|o Ry. 100
40
100 Carpenter Steel Co..-i.
-
.'.—..100
100
600 Case (J I) Co..
Preferred
420
4
A
400 Carriers A General Corp....1
900 Celotex Corp
5% preferred
60
—100
Jan 16
I 42-4 jfan -3
15
Apr 24
82
Apr 23
21% Jan. 3
' 93
Jan 12
120% Jan 22
! 94% Jan 14
1 8% Jan 3
1 71% Jan 3
/
S00 Central Aguirre Assoc.No par
6% Apr 15
66
Feb 25
16% Apr 22
2%
85
Jan
Jan
2
Century Ribbon Mills.No par
V Preferred-....—
6%
270
prior
.
f
5% Deo ? 10% Juqe
Dec ^ 75
Sept
vZl5% Jiu»e j. 22% Mar
3% July
1,15% Jan
v,.:r.l ,\De« r 4% Aug
,4% Feb ,17
Dec
J. 2
Dec
- 4 •' July
preferrecj—»—100
'; 100 Chain Belt Co..—-No par
16% Apr 24
Apr 2
15% Apr 24
89
.100
200 Chicago Gyeat West RR
5% preferred
--
500 Chicago Mail Order
Co.50
— —
Co
100
■*•. 100
300
600
V
»
-50
s
%Mar 23
2
6
1% Jan 3
Oot
3
July
37g.Mari ,11% Nov
Ll'iAMar.
21% Jau
,
8
i
.
90
—
309 City Stores
J—No par
go..100
—5% preferred—
..100
80 Clev El Ilium $4.50 of.No par
—V:. Clev Graph Bronze Co (The) .1
50
5% preferred
.i..... 100
400 Clark Equipment
-
29%Mar 12
_
C C C & St Louis Ry
.
V
80
Clev & Pitts RR Co 7% gtd.50
-
50
Special gtd 4% stock...-50
—
86 ":Feh'26 aoo^ Jan
Apr 10
Jan 26
20 Climax Molybdenum..No par
3'2%Marl3
1,100 Cluett Peabody A Co—No par
40
Preferred.
i..—.100
25%.Apr 24
189
Jan 22
3,900 CoearCola Co (The)4—No par
56% Mar 24
55>2 Jan 28
470
Feb 26
Class A
200
.....
—...^..No par
Coca-CqiaIntern Corp.No par
100
98
200 Colo Fuel A Iron Corp .No par
14
.....
1% Jan
400
Class B
700
lOr
see
page 1661
6% preferred series A—-100
6% preferred..,.—..—100
3
Jan
8% Apr 17
——150
8% Apr 24
1% Feb 10
1,200 Columbia Gas A EteC-.No par
For footnotes
6
1
4% 1st preferred....... 100
4% 2d preferred.100
1,200 Columb Br'd Sys Ino cl A.2.60
.
*32% Apr 17
•
32
Jjan .2
Apr 23 f 18% . Jaa 26
% Apr 16
Colorado A Southern.,...100
.......
105
Mar 23
Apr
22
«
-
1% Jan,30
2% Jan 31
2
Feb
,
54
Jan -6
45% Jan ,7
Serbs Croats A Slovenes (Kingdom)
v *8s secured extl.....
-1962
♦7s series B sec extl..
..1962
♦Silesia (Prov of) extl 7s.
♦4 Hs assented
-
1958
...1968
—1955
Sydney (City) s f 5H8—
Jan
>4
♦Uruguay
Feb
38
Jan
»
s
-
v
*
41%, Dec .V',72 % »■; Jan
,8
Dec
10% Feb
92 > Dec
104%
40- 'Aug
f 46%
-
v
,
2
,Deo
29% Deo
139 'VApr
70% Oot
•109% Dec
v
.24-» Oct
^
Jan
r
V, 98, May
•>
a.
SHs^xtl readjustment—1984
Aug
Feb
4% Bept
Aug
40%
.
1964
3J48-4-4H8 ($ bonds of 1937)
external readjustment.. ..1979
3J£-4-4Hs IS bonds of 1937)—
>
External conversion
1979
3j*-4H-4»i« extl conv..—1978
4-4K-4Hb extl readj
.1978
♦Externals f 6s—
Aug
3
Dec,
(Republic) extl 8s..1946
♦Externals f 6s.....——.I960
••
984 Sept
14% Sept
?l0j , Dec i.27
139
85
115
"
♦Warsaw (City) external
Apr
.
7s—.1958
*4Hs assented...—...-....1958
Jap
;
Aug
33«i Jan
105,' Sept
RAILROAD and INDUSTRIAL
A -f-y,:
COMPANIES ft! ft ft
81'^Deo ^84% IOci
;
.48% Nov
...
v
27v;rFeb
28%, Feb
Dee
142
78-
■
50-. Mar
44% Pec
,39% Sept
148
Sept
Dec
106 '
Jan
60 ?«Man
r 6384
Nov
740
July
rv
■
740 < JUly
10% pec 1.16% Sept
100% Feb 106 ' Nov
11
Deo ' 30>4
Jan
i 106% Deo ,114
/Mar
..12% Dec
20 / Jan
*
'
,
'•
% Dec
:•
1 *
Dec
% Dec
2
13% Jan 6
13% Jan 6
I84 Jan-3
1968
(♦Securede t7^-e*-<t««?«rvl94Q.
,
.
100
.....
5% oonv preferred*
84% Mar 10
50
Jau 26
44
Jan 5
; 36% Jan
3
142%Mar 7
79% Jan -6
63% Jail . 9,
'470./Feb 25
»i«
,
10% Feb
6
U%Mar 13 ) 13% Jan 6
Mar 25 105% Jan 22
12
Mar 6 114% Feb .5
2,500 Colgate-PMmolive-Peet No par$4.25 preferred—.j,..Nopar
400 Collins A Aikman—i—No par
20
,
Deo
,;V 1
v
1
— .
*78 extl water loan....—... 1956
♦6s extl dollar loan
•
.
19% July
37% Apr ,/44%
Jan
49v Apr ,'54; - July
: V
'u July
■f8% May
| 34% Jan 8
6734 Apr 17
72 Mar 10
107% Mpr 13 112 x Jan 3
23% Apr 17 : 29
Jan . 5
"
'
5'>% Apr 6
10% Feb 25
96>2 Jan 23
34. Apr 14
2*% Jan 12
2 •
9
Jau 3 /
92% Mar 26,
34
Apr 14 «
2%Ma? 9 1
4378 Jan
Corp——rf..r.6
Fuel....j.-No par
6H% preferred... —100
City Investing Co..^.
..100
900 City Ice A
(♦San Paulo (State) 8s...
1936
♦8s external1960
Feb
>11 Dec
:
10,200 Chrysler
19%
>35
V;
25..; Jan 13
,
♦Sao Paulo (City of, Brazil) 8s. 1952
♦6H8 extl secured s f.
1967
5";3%';Deo V^;8%^Jan
Apr lO
% Feb. 3
9% Apr 20
13% Feb 27
-.2%,Feb .6
'
1% July
V.;Vi% Marj V- 6%
,
8% Jan
11% Jan
Deo
»u
■
.....—1964
SantaFeextls f 4s
37% Jan
.
=
■*
50
:
Apr
34% July
Jan
21% Jan
107% Oct
22% Sept
6-% Dec
18
Jan
.2%'"May ; 4%
Oct
31«a Dee
44% Jan
93
Dec
102% Feb
i
2®4 Jau 26
13% Mar 2.3
14% Apr 23 | 17% Jan 3
35% Apr 23
3984 Jan 2l
Jan 29 ; 52
Jan, 5
Sit Jan 2 j
% Jan 16
% Jan 2 ;
a4 jan 29
—
47s municipal loan..;.:..
.95% Dec14% Dec
..
1% Jan 29
5
Jan 26
;4% Jan 23 ;/ 5 ^
.5
r25
8
>97::
J>ec
.
--
7% preferred—
..—100
6% preferred
100
Chicago Yellow CabNo par
Chlckasha Cotton Oil-....T10
Chllds Co—
--No par
10 Chile Copper Co....
Apr
—
*78 extl loan of 1926
?:
C 15-. Oct
Jan 14
,7% Jan 5
4
Jau 30
36% Jan 27
98 V.Feb 7
>
,
1% Jleo v-^5-%
22% AprJ
5
6
Jan
Rio Grande do Sul (State of)*8s extl loau of 1921.
,
Oct
25
\
174, Feb 10
.
% Apr 16
3% Apr 17
1% Jan 2
9% Jan 2
•
1,100 Chicago Pneumat Tool-No Par
500
$3 conv preferred.'. .No par
500
Pr pf ($2.50) cum div No par
.....Chic Rock l8l & Pacific..100
400
..
27« Apr. 15
27% Apr 24
--..—..--40
Class A.
1,700
4,400
77'
.
,
•
200 Chic A East 111 RR Co.No par
V
.,
5% Apr 22
....^
100 r Preferred series A.
19
100
,
96
Flb.Qo6% ir.f.lQO
100
Common
—..ft.No par
100 Checker Cab Mf«-;
--.»5
{ChesapeakeCorp—J—^No par
8 ,000 Chesapeake A Ohio Ry——-25
20 Cham Pap A
!'•
.
j 31% Jan 27
178 Feb 13
;2% Jan 5
23% Jan 2 4 29
Jau 27
*Rio de Janeiro (City of) 8s.
♦Extl sec 6Hs
"
'
♦6s extls f g
V'i.,.1% Deo
103%> Dec.
Mar 30
95
Queensland (State) extl 6s.... 1047 F A
60% July
29% July
,
.
65
3% Feb 11
5
27
;■
♦Prague (GreateT City) 7Hs
>-
23% Jan 2lj
;
Apr 14
100
2,000 Cerre'de Pasco Copper.No par
200 Certaln-teed Products....1.1
e
5J6%Jda^ -'li^Sypec
1% Jan 5
2% Feb 17
...ul
MarlO 110 4. Jan., 2
60 Central 111 Lt 4H% pref.. 100 ,490
; 100 tCent RR of New Jersey—100
1% Jan 2 i3% Feb 7
14% Apr 18
18; Jan 29
1,600 Central Vloleta Sugar Co—...
.—..
Deo
*4Haas8ented—.——.
J
•Porto Alegre (City of) 8s.:.
♦Extl loan 7H*-—
41
Jan
92% May
.
36'; Dec
18%. Dee
:h
1
500 Central Foundry Co
......
■
.
.
Apr 24
llO'j- Apr 23
77
Apr 17
y;< *4H» assented
♦External sink fund g 8s..
Apr
: 3% July
Apr
30% Jan
2784 Jan 7 I 22
*2% Deo
3% Jan
,,3 y Jau 19
43 V- Feb • 873v8ept
69 Feb 6
121 j Feb U vll2V.i.Mar 4.125 ' Jau
30
No par
> 79
39%
1
| ♦Poland (Rep of) gold 6s..
h'i-: *4X8assented—..—.i.
♦Stabilization loan s f 7s..
5% Aug
-
-i ' lV Dec"
'r, 32. Deo
.87 ..Feb' 5
89 * jan 28
Apr20
77
Apr 14
24
Apr 14
2% Apr 24
54% Apr 17
117
1,800 Caterpillar Tractor
No par
3,300 CelaneseCcrpor Amsr.No Par
V'
130
5% series prior pref.... 100
60
7% prior preferred....-100
140
7% 2d preferred100
,.
] ;.(,2% Jan 14
32
3;^ Dec
32% Dec
•
,
37%,Feb'16
j
1% Feb-10
........10
,r
♦NatLoauextlsf6s lstser..l960
4Nat Loan extl s f 6s 2d ser.. 1961
Jan
4% Dec
Jan
9% Nov v
Jan
10% june ; 17% Sept
26% Dec I 40 I Jan
>;,
;
.
|
1%
7%
147*
.
,
•
12>j.'Jan .5
32
Mar U
.4% Jan 14
3% Jan 2
30
Apr 23
..
r
54%.No?
».
Dec
6
15% Apr
2
9% Apr 24
29
Apr 16
.
T
[6% Jan 42 .4:7%' J««
11% Jan
Canada Southern Ry Co—lQO
.
607s Jan 29
1%. Jan 14
50% Apr 14
50
Callahan Zinc-Lead
..._i
Calumet A Hecla Cons Cop..5
Campbell W & C Fdy..No par
Canada Dry Ginger Ale.—. .5
1,090
1,600
2,300
1,800
24% Sept
15% Dei;
51; Mar
16% Jan 2 .19%-Jan 26
No par
.11
.Deo
.11 "Dec
l7j
3%
,
Jan
Aug
2>j Sept
2D4 Jan
21
•
Jan
ft 1
Dec " <47s
Jan
/ 43% Dec
V 82% Jan
:.42%NQV| 72:; Apr
tAbltibi Power A Paper—
(♦5sserle8 A unstamped
:
1953
....1953
Adams Express coll tr s 4s....1948
Coll trust 4s of 1907—...—1947
10-year deb 4 H8 8tamped-—1946
Ala Gt Southern 1st cons A 5s. 1943
1st cons 4s series B
..1943
;
.♦Stamped
-
Alabama.Power 1st mtgp 3HS-1972
Albany Perfor Wrap Fap 6s—.1948
6s with warr assented — ....1948
Albany A Susq 1st guar
3Hs—1946
-3H8Teglstered-*..——.1946
Alleghany Corp—
5s modified---5s
'
,
J D
J D
Af-8
J D
F A
J D
J Q
/ J
A .0
A O
A O
A O
„
.
J944 * A
modified-—«——---1949 / D
modified-..—-lOSO A O
♦5s Income..—I960 A .0
Alleghany A West, 1stgu 4s...1998 A O
6s
For footnotes see page
1662
50 %
lOlr;
*99
v,
*55 M
102 H
105
103 H
105 %
62
*55%
...;.
-■92%
92%
102H
*104^
103 H
104%
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 155;" Number 4067;
.*
BONDS. *
N.
Railroad & Indus. Cos.
.■
■
7
Low
Allied
103%
103%
va
107%
63%
62%
102%
Scores Corp 4%s debs..1951 F A
Allla-Chairoers Mtg oonv-4s—.1952 M a
Foreign Pow deb 6s—203Q M S
;•
'Amer
I G Chem oonv S^s—w.HMO AfN
*Ain Intornat Corp oonv 5% 8—1949 J
J
American Telep & Teleg—
:->
1961
|02%
3 M a debentures..i.........1966
J
J:
3s,opnv ,debi.»..;.J956
M
103%
118
101% 104%
i: tot
16
95% 101%
*9108
*; 99 •:
■>
64
.
107%
106
J
104
U'--.-
;
90%
105%
36
65
!
Ark A Mem Br A Term 5a....1964 MS
Armour A Co (Del) 4s B......1955 F A
1st s f«4s ser C (Del).;
1957 J J
90% ;
36
105%
1
104
-•
36
- -
,4
7
17
-
63% v"65v
*99%
IDT:
15
105% .105
31
:
v
18
106.
105%
108%
Stamped 4s J..............1995 MN
Oonv gold 4s of 1909i-...»..1955 U
iv.--"
t)
Rocky Mtn Dlv 1 st 4s.
1965 J J
Trans-Con Short L 1st 48... 1958 J J
Cal-Arlz 1st A ref 4%a A...1962 M 9
Atl Knox A Nor 1st g 5s...... 1946
108
V
*1212
17*2
?17%Cl8^
■s»::
*10T%"
*99%
104%
111%
*
110
104%
J
*7.0v,8
83
<
1964 J D
2
.99%
62%
80
55
62%
94%
.67%
30%
25%
87
34
35%
35%
96%
29%
964
35%
■
;
9
•
''
10
32
V
96%
v-5"
■
•
:
I
8
B
*45
July 1948
1918
.Stamped modified bonds—
1st mtge g (Int at 4% to
■f
Oct 1 1946) due....July 1918
A
O
59%
60
45:'
>8
(7 62%
O
59 tsi
59%
1946) due
..1995 SD
Ref & gen ser C (int at 1 1-5%
D
;
to Dec 1 1946) due.....1995 J
Ref A gen ser D (int at 1 %
to Sept 1 1946) due
2000
Ref A gen ser F (int at 1 %
to Sept 1 1946) due.... 1996
♦Conv due
....Feb.l I960
f
*
MS
M S
30%
29%
34
34
29-K
29%
FA
22 %
Pgh L E A W Va System—
Ref g 4s extended to. —1951 MN
53
S'west Div 1st M (Int at 3% %
L ;
to Jan 1 1947) due
1950 J J >41 j*
J
Toledo C|n .t)iv ref 4s A.i..l959 J
22%
I
«
*
-
1st 5s.... 1943
4«
J
10?8
1012
*90
67
stamped........-..---1951
Gr A Stur 1st gu 3s....1989
J
41%
O
cons3Ha—....1943
1950
J
,,-.—1956
2 H» debentures
A
"98%
O
:
98%
,30
98%
5
96 %
Consol mtge
F
•' :t'- n
■■
J
W50 F
A
19o7
Boston A Maine 1st 5s A C
78
cons g
5s...1945
./
19%
107%
108%
F
A
1955
J
74
A
"113%
37%}' 37%-
*
O
60%
A
107
:
>
v
Guaranteed gold 5s
Guaranteed gold 5s.
107%
-- -
81
53
63%
70
107%
111
Oct 1969 A O
...1970 F A
-
v
>
Guaranteed gold 4%s...... 1956 F
A
108%
107%
85
107%.
104% 108%
107% 112
108
111%
105 ; 109 %,
108%
107%
I
Guar gold 4%»..^.
M S
106%
107%
[
•
■
1951
8*8
121
I
.....1946
,..19.44
...1954
Coll trust 4%8
6s eaulp trust ctfa..
Coll trust gold 5s
r
Collateral trust 4%s
,,.1960 I
♦Carolina Ceutlst guar 4s..l949 J
{••
I
111%
69%
95%
105r"
95%
D
94%
105
"ssl"
v
86
J
83-
J
.*:-.—
Carolina Clftiob A Ohio 4s....1965 MS
'
9
59
♦107 %
100 -
,
84% >,15
62.
62
96
89%
103
! CarriersA Ged Corp 5s w W...I950 MN
gold 4s....1981
F
A
108 ;
100%
52% > 53
\m
7
20
98%. -,98
fCelote* Corp deb 4%S-w W4..1947 J U
.♦Cent Branch UF 1st g 4s....1948 J,D
{.Central of Georgia Ry—,:... v;; -• ' v
*lst mtee Ssv—v.^.i.^Ndv; 1645 F.'A
i
;
''
•
!'
\
|
.
:
'
r
{♦Cent New Engl 1st gu 4s....1961
t*Central of N J.gen g 5s.....1987
5s
registered.........4..1987
♦General 4s;.'.
C
4s registered
1987
16%
.5% <
17%
113
5% ••
-
-
73%
18%
17%
107%
tv..
*8
■
*33*2
*16*8'
'8*4.
1
M8~:
27
*15-
1;
123
121
•
1211
114*4 114*4 *114'.i 115
1
%
i
•
iy
x'97% 109%
'93% 97 24% v30«r
.'■,45%; 60%
20
,10%
3
m
"3
21
|v
'
11234
170l2
,5I»
v
18% ^183%
16% ..*15%
16*4
30*4
30*4
-*20v.21
?
.
*40-% ,45
1*4?1- 1%
i *35
43
,
*42. U--50.
*
'Vs
18%
-16*4
30*4
20*2
v30*4
>,
20*2
,Ml *.5 43;
•
V?
'^1% -fr 1%
.
1% July
Dec
1%
Dec
Dec
5
%
,11
278
Feb
Dec
Dec
2*4
Dac
79
Jan
15
10%
27*4 Jan 20
8*4 Jan 15
30
July
106% Jan
16*2 July
5*4 AUR
109% Nov
42
40*2f Jan
217g Doc
6% Feb
35*4 Feb
2% Dec
17% Feb
<
Jan
7
3% Jan 16
,24
Jan 16
1»78 Jan
12*2 Jan
10
Sept
4578 Sept
4*8 Jan
27*8 Nov
23*2. Jati
15*2 Apr
9% Dec
3
5
51*2 Jan 30
25% Apr 24
33% Jan 26
42% Apr 17
159
55% Jan
17
Apr
174
278 Feb 16
*%« Apr 8
9
Jan 24
.
48
18% Jan
56% Sept
Dec
14
9
12 lg Jap: 2
25
Crane Co 5% conv pref—.100
Cream or Wheat Corp (The).2
28*2 Dec
42% Apr
170
'
Jan
78
27
27%
11
11
*73
5% conv preferred
•79
*9
Dec
107
10% Dec
19
Jan
Jati
9
July
14%
*92
200
,
97*2
15
10
*
2.700
14%)
1,000
•%
1410
.7*4
Curieo Press Inc
14%
90
15
,
7
21%
22
*85*2
Ml
55.
*51*2
*2
13% 44%
:
g
3%
Jan
Jan
80
Dec
94
Oct
28
Dec
Inc
36
79*4 Jan 2
13% Jan 14
10*2 Jan 5
.6
Apr 17
9
■
Jan 16
134
2
83
74*2 Jan
9% Apr 23
Mar 14
§13%
Jan
•
Feb
98
78
18%
18-%
9*8
3
3*2
72
Jan
98*2 Jan
13*4 Nov
8*2 Sept
127*2 Sept
Feb
41%
8
Dec
16%
12*2
7
Feb
Feb
Dec
25
J au
98
Jan 26
Jan 14
17%
•V
3%
.
17*2
9*4
*15*2
9
4
105*2 106
5*8
i
*104
5*8
•
Dec
99
Dec
>
7
Jan 26
.
*
%
4
Mar 27
Ap,-
Hoc
Jan
178
Jan
13%
Dec
45
16
Dec
|2578 Jan 12
24
Dec
34% Feb
10*4 Sept
29% Jan
80
Deo
90
17
83*2 Mar 25
*52
Apr 17
Feb
47% Mar
13% Mar 21
17% Jan 14
42*2
14%
Dec
20
Mar
14*4 Apr 23
678 Apr 17
21 *8 Apr 1
80-Jan 19
44;
$8 -preferred....No par
200
9%
106*2
500
5
Conv
Jan
;
Jan
Jan
4,400
19%
67$ Dec
'. Jan
Aug
July
26
*97S
Deere &
10
Co..>>
478 Apr 16
19
Mar 12
-
No par
'
700
,
Pf Jferred..1.—-.
300
7%
7%
7%
7%
3%
3*8
3*4
10
Delaware A Hudson.;....100
2,400
3*4
26
-.20
De;sel-Weuimer -Gilbert
2,400
10
>
7
4", 166
15*8
15
15%
16
16*2
16
16
19
18*2
18*2
34*2
.33%
33%
300
9
*8%
9
409
Diamond.T Motor Car Co..
300
Distil
>33%
3412
*33-4
Detroit Edison.
.20
100
14
Devoe & Raynolds A ..No' par
1,100
Diamond Match..i__.No par
i
18
114
29
Jan
:
18%
21
30*8 Aug
18% Jan
14
.
.3518 ,3534
*:/:. .,,78.-
9
16%
*16%
17
16%
16%
77'i
*8
7-714
77*8
77%
I7,4
33
33.
'
\ *g
8*2
*33
35*2
17% 117*8
8% > 8*4
57%
58*2
'
.
77%
16%
.
*8%
Corp-Seagr's Ltd. No par
5% pref with warrants—100
500
100
*8
8*2
34*2
60
16%
609
2,500
16%
8%
8*8
Dlxle-Vortex
% Aug
Dec
23% Apr
20% Sept
29% Juu
33
Dec
41
Apr
10*8
18%
Dome Mines Ltd
.No par
Douglas Aircraft
..No par
57
55
8*8
56%
99%
96
97*2
1,900
14*2
14*2
*14*4
15%
500
Dresser Mfg Co.......No par
3
3
300
DunhiU International
*3
3%
.
8
*7%
*7%
115
*113
123
8
Co...L.No
Dow Chemical
Duplan
par
Jan
Jan
86
Jan
Jan 12
32%
21
Jan 29
17
3
Jan
Feb
103
120
1,559
$4.50 preferred—....No par
115't 115%
170
Duquesne Light 5% 1st pf.LOO
17*2
1,690
:13*8 Jan 21
70*2 Jan 6
124*4 Jan 3
>
*4*4
*5
:\ 17*2
*2%
3
112%
170*2 *169
*
.'••
24x4^ 2.4^
28 >8
*13%
11% Nov
May
359*4
23% Jan
17% July
Dec
59*4
Dec
14
V
5% -.
r
5*2
,«-4%
>41
'25
*'•*4*4
24* 4;
*%4
»%«
1,400
*%
'8
*17
; .18
15
300
6%
15
18
Aug
117
Jin
136't
120%
Dec
Feb
164%
127
Jan
Dec
1U% July
118
May
34
Jan
Jan
29%
700
19*4
39 %
20*4
1,100
30%
400
:
I087g 109 : *109*2 111*2 *109*2 111*2
vv
127*2 Ja*l
:■!'
15
Battery.I.No par
—3
'50
29
Jan
$6 preferred.
Elec Storage
Endicott: Johnson Corp
5%-preferred.
50
...
-100
7
Jan 13
160
27
Dac
14%
17%
Feb
Dac
10
Dac
•%
%
27*2
'1-% -*1%
43
*38
.50
*40
48
48
•v
ht.
>
.
1.
5*2
"4%
36
>.
V 48%
"*32
:%
'5%
-4%
5%
-
■
2%
*47*2
Engineers Public
$5 preferred
;
.
5
169
48
*
*%s
..
.5%
1,300
1*2
.
v
,-%>■ 5%
4% >4% -'",>4%:..:>.-4%i
35% .*35 a 35%
.35,.
78
78
]*£
%
43
50
1*2
*38
:*42
m
i
-.4%
*2
4*8
-
24
*23%..
-
*'!«
lin
*...,
2%
-
1
23
'r
*;i«
-
500
2,200
11,900
.700
Equitable Office Bldg.-No par
{Erie RR common w l.No par
Ctfs of-beaef Int w I. .No par
i
5%
Dec
15
Jan 21
2478Mar27
13% Jan 5
78 Jan 7
1% Jan 8
35% Jan 23
32% Jan 23
32 '8 Mar 3
26% Feb 18
% Jan
Apr
2
49
Marl6
111*2 April
Evans Products Co.
5
...5
1,000
Ex-Cell-0 Corp—
100
1
33% Jan
Jan
64% Dac
Jan 17
69
i
(
4% Dec
2% Dec
30*2 Dac
6%Mar 10
,44
Jan 27
75
""
Exchange Buffet Corp..$2.50
Dec
%« Nov
% Jan 5
7% Jan 20
2
VigMarU
23
,%Mar31
Feb
Jan
113
Oct
V-?- -;'ft
7
Jan
,
80% Apr
83% July .;
89*2 Jul*
%• Jan
10
Aug
7% Aug
42%'Nov
75
Feb
1*4
Deo
3%. -Jan
4
5% Feb 24
26
Mar24
Ma* Jan
Dec
74%
5
4% Apr24
21% Feb 18
v
Dec
'
2
1*2 Jan
2*8
Jan 30
73
83
•
—3
Eureka Vacuum Gleaner.
4%
39% Nov
36% Nov
34% Aug
33
July
47*2 Sept
23*2 Feb
26*2 Dsc
21% Dec
39i2 Feb
107% Nov
5
66
.
series A w I
100
Pitts RR Co.;—-50
309
2%
4*8
23%
Jan
Fob
:
3% Jan
1% Apr 17
43
Apr "O
51 > Mar 31
48
Apr 22
hi Feb 21
>5
Apr 15
3% Jan 2
pr^f
Erie A
78
Service
1
No i>ar
is;-* preferred—a—-Nopar
$6 preferred—
..No par
5*4 Jan
14.5% Sept
182% Jan
3678 Jan
17% Sept
33% Jan
17% Jan
7g Aug
Apr
6
317s Jan
'
:■
May
1% Dec
120% May
Jan
176
19% Apr 24
3978 Apr 21
107% Feb M
El Paso Natural Gas
24
3
3% Jan 13
141
2
17
Apr 23
500
15
,
>.--No par
No par
$7 preferred
Jan
10% July
105
13% Apr 1
20% Jan 2
10% Mar 12
■%« F.;b 16
-
700
18
29*2
'.
41
40%
•4-%
--4*2 ":*4%
! 24 :v 24
24%
»*♦-'•*
-
1,900
*13*2
..
30
43
^-.:.y7H
if: 74*4
4,000
11%
Mm
15
59
'Hi *•' ;7jj
23%
11*2
30
43 i.
k
23 4
20% .20%
j
*42".-:
■
,70
.'"4*4
;
1
11%
78
15%
30*4
v
100
14
13%
27
Jan
23% June
Dec
Apr 18
4
Edison Bros Stores Inc
2
Electric Auto-Lite (The).... 5
Electric Boati
.——..3
Elec & Mus Ind Am shares..
Electric Power A Light. No par
Eaton Manufacturing Co
J.tn
79
141%
ylll*8 Sapt
12% Dec
:
2% Dec
6
126*2 Jan
115% Feb 13
108
100
6% cum preferred
'""665
27%
24
21
30%
*20
78
1
*15
27
13*4
18*2 .'18
18*2
;■
;
2,690
170
*169
28
Ii»S
' %
12
?<■
10S
170
Mills,
5
Eastman Kodak (X J).No par
Oct
37*2
Dec
May
144
■
16% Apr 17
2*4 Jan 2
Apr 24
170
Mar 28
1
Eastern Airlines Inc—
Eastern Rolling
2%
109*2
»
23-2
14%
24*8
12
*"is
112%
„
28
■
*2%
'%•
21
*35%
*24%
;
•
17%
2%
110
113
*169'
17%
17%
12%
17%
*38-
■Wi.il*4
-4%,
Jan
115 Apr
8
26
Mir 11
24
A p;«'
111% Mar
15*2 Jan 3
4% Mar 16
9*2 Feb ~
:
F.'b 19
8
10,690
•
36
112
120*4
120
7
2
No par
Corp..
12% May
Dec
65
79*2 Apr 17
9
Feb 13
Apr 18
32% Jan
I
8% preferred........—100
Du P de Nem (E I) A Co.. .20
104% 106*8
115
115
114 v 114%
2,390
115
*113
106*2. 109
120*2 121*2
110*2
-
■
67g
;
16% Apr 23
8
Apr 14
55
Apr 24
93
Apr 24
>13% Mar 9
:
-No par
—
57
=
115
8
Co .—...No par
Class A—
Doehbr Die Casting Co No par
99*2
;
V 3*.|
121
-;•
*33
16%
8'4
'..15%
8
8*o
.
16%
100
■
[1*2
>■ir
{Wr-rg*4
{.
July
Aug
6%
21
Jan 27
9% Feb 9
.rl8
Feb 26
28% Sept
Apr
Dec
6
Dec
2*2 Feb
*u Sept
16 $ Dac
12% Dec
27% Jan 19
38 s Jan 12
8*2 Apr 17
16*2Mar 7
70
Jan 5
Feb
9*2
*2 Jan 27
18% Jin 7
5
Oct
Jan
27
Feb 27
117g Feb 20
10% Jan 28
4'8 Jan 27
2
sept
11%
5
24*4 Jan 14
Apr 24
Apr,14
Jan
14*2
3
1,8*2 Apr 18
33% Apr 24
<
-.25
6% partic preferred
.
Feb
8*2 Jan
:
|3's JaQ 2
! hi Jan 23
14% Apr 2
Delaware Lack A Western..'50
{Denv A R G West 6% pf.100
15
*18%
16
5*4 Sept
2% Dec
Deo
6*4 Apr
109% July
3% Jan 10
11% Jan 19
110
Jan 8
!2?« Apr
Davton Pow A Lt 4^% pf.100
Decca Records Inc..>
1
1,600
19*:i
26
4
15*2 Jim 7
8% Apr 17
102
Mar 16
...5
3% preferred....—25
Davison Cliemical Co (The)
DO
V
5
10
10
^'
i
i
14
Dec
8%
Jan
21%
*i»
Dec
30%
Jan
Dec
%
Jan
32
Dec
45*2
Jan
-
„
Fy
-
V'
'
.
k ■*>*■
r»:
*/30%
t,*20%
V-v
-•>
S*./,; ;Vr 5s
;<i
32;
'«35%.i»39%
21.: ;>2oi&.:2U2 i*291ji '-21%
} -*6% V 6%
*"6% v'tfH
*6%
678
'
"
'
Dec
77
5
6
14
Cutler-Hammer Inc...No par
15*2
20%
.
i
: t.
27*8
19*2
*26*2
-18*2
>*45%'j49%
'*jT3Jt!.^»"l4
s";;,5l8„ -5% i;*5Vv -5%
75
12%
13%
Jan
47%
73*2 Dec
1% May
Jan 27
Feb
15*2 Jan
18
*3m Jan 2
1
1
Davega Stores Corp
Jan
Apr 15
7% pf.100
i00
Mar 17
Apr 14
13
900
13%
27%
45*2
15%
90
Class A..
!
13%
Doc
.100
Curtiss-Wrlgbt:...
i
Cushmaii's Sons
*2%
15*2
*9*4
v
Dac
Prior preferred....—No par
;
89
6
Dec
10
Curtis Pub Co (The)...No par
J' PreTerred—
No par
3,500
89
/;
15
387g
...5
>
414% preferred
18,400
22
22
5
8
1178 Jan 20
8s*2 Jan 15
Cudahy Packing Go—•.«.*.%30
J
4%
Jan
19u Feb
120
preferred...>100
200
9*2
Jan
Jan
Dec
41
8
67
...100
...
conv
*14%
«
Preferred
r,-130
1978
11
88 '
6
27
100
Cuba RR6% pteferred
100
Cuban-American Sugar...100
1,000
128
16
(7
$5 conv preferred
No par
Crucible Steel of Amer.No par
-50
-
6%
128
n8
,
140
-309
Jan
Jan
Dec
lO's Apr 24
77% Mar 20
No par
$2.25 conv pref w w„No par
Crown Zellerbach Corp..;..5
2,300
71
*8
Crown Cork A Seal
300
Deo
6*i Jan 12
14-% Apr'21
32
Mar27
Crosley Corp (The)..„No par
1.700
Jan
182*2
4%
7g
Dec
*i«
95% Jan 5
1478 Jan 12
8,984 Apr
52%
z54
Mar
2%
3%< Jan 5
•% Feb 11
10% Apr 17
Crane Co
2,700
,
14%
i 18*2
■*42^'56-
i::49;V..4
*>'*&!* ";V.*4
J;-;*7u -1
21 ;,•;
*18%
19%
44
Jan
6*2 May
9% Nov
7*4 July
<
Dec
11
July
3*8
Feb
14
103U Jan 21
Mar 13
45
Coty Internal Corp ........1
400
f
39
*68
*2%
•: -1%.; 1%
*37 V, 43r
^*42^59;
j,*49 >150.34
18'%'
62%
13%
107
14%
•
*85*2
22%
:**%6
; 1
18%
30
*20.-
23
;
17%
Io?%
Dec
7
3*4 Jan 15
Apr 24
21% Apr 24
j 7*4 Mar 13
31% Apr 24
i: 3
Apr 2 4
1:7
Apr 23!
17
Apr 23)
0% Apr 23
—.....1
>400
v
6*2
*35
9*2
14*4
7%
6*2
■
93
*15
3
xr-i
16.*.]
*29-*8
3
*109*4 It 1*2 *10Di'4-:nil2 ,109; 109
16%
107%
13*2
70
%
;
15*2
3
*28
18'>8;«1S>8
t.
17-1}
*2%
•
58
11
13%
79
93
*83% 89
*51*2 v.:..
14*4
14*4
!28U ^ 28*4 '28 %
*1334 -1434 ;*L334
1434
; 24 >' 24 ' ?-'2T*4i ,24V
"11% IM4 v" 117% 12%"
"Wig
Wu f*i»
h
1
•
.17*2
2%
■
112; -112*4
*169: 170*2 *169
?8
0
17-
112
-1138
16
?
•
106% 107%
160 " 102%
42% 55':
v
Coty Inc..
100
28
v
♦14V
16
.
100
*1,806
10%
10%
78
9%
14%
97*2
,
'•*27*2
IDs
:
111% 112%
'72%; '73%
J9%
18%
,
8*2
35*2
17*8
8*8
,*4018^45
.47.
Jan
8*s July
23% Jan
107% Jan
*4 Dec
/.
:
93
2% Mar 21
80
x82
!
Mai' 26
31
Feb 17
12
5% series .-..50
200
.
90
10%
69
10
•% K
•
*82;-
107%
88
20
"20 '
*-84
'
f-
*20i ;"2i:!
TVf 8%
17
"79
*7-7
85%-
18%
♦14%-
jTJ
,
For footnotes see page 1662, v
70
9
77
-
.5
Preferred
*2
10%
16
•27
2812
*93
3%
90
39
10' 1
78%
:
80*2
♦9*2
*14*4
3*8
89
'15%
*111%-'
J.
O
6% v;28
--83
6
*17
;
i.. .1987.^
Central N-Y Power 3%g,..:..ie62'A
_.
26
*16'-v*
Jr J
"""2
.60%
•
J
J
28
,56%'
5%
J'5%
Central Illinois Light 3%8...,1966 A, O
'
'
59%
17%
{*Consol gold 58i.''."^a'L iJ;. 21946 MiV
tMoblle DIV 1st g 5s.......1946
97%
103
478 Dec
11% Dec
>
D
> '
♦ Ref A gen 5 % s series B. .42 ; 1959 AO
♦RfetA gw» Ssseriea oi,4;.;1959 A 0
♦Chatt Dlv purtnoneyg4s. ,1951 ■/.D
'•
"33
v
*96%
,.2»^
Dec
rj
•
17*8 i*16>8
17-."
2Vh
,<:••
105%
-
Ceianese Corp of America 3s.. 1955 K A
Dec
May
%
81%
■
Conv pre!
i
*278
16%
8*4
■«
14*4
23's
\
71
'
Cart & Adlr 1st gu
16
*35
•
70-
*51*2
8*2
34
*2%
17t)lo
27
108% 110%
88
Copperweld Steel Co.
390
*1532
*6% v.'7 v -'
28*2
9
16-l4
8*4
3
*133.4.
l:
7
23% Dec.
1578 Jan
97% Jan
v*
J .',
*8
17
*169
I
103
J
I
;:7
10*2
*79
V«89.
■*8tr
18*2 4 18*2- 18*2
3 01 *3314'; 34*2
.
33*2
-
*12 L
112*2
103% 107%
67%
69%
M S
i
;
9
114V
*2*2
103% 107%
*110%
I;
Jan
Dec
1
35
m
100*8
112
-V
V,
.Cau Pac Hy 4% deb stk perpet....
13%
16%
35
.
v
3*8
x
*33*4
v9*2
173.1
8'*8
5S*.i
*Hl«
Canadian Northern deb 6%s...l946 J
i
18*2
"
55*2
17
80%
111%
■t
....1955
*27S
•
•
121
104
107%
Jan
4
18% Aug
108-
106
111%
110%
10%
D
4%s
i,
10%
14 «K
,
14*4.: 141.1
*3
3*4
81
107%
/
Guar gold
10*2
91*4
13%
13*2
;
•59/
60
58-i4 5884
10 )*8 103*4 *100
101
: 99*2
*
-14*8 -.141-4
14*2- 1434 *14*2
« *3
: .3*4 « *3
|
3*4 ■1*3
*734
8 ;
[ v»7»4^'8':
*7«4 ? 8^
'.*7%
*113*2 U5
*113*2 115 '- *113*2 lis : *113
110
lltlo
Ill
111*2 112*4
112
109*2
8%
7%
3
Hi
"
107%
107%
i
Guaranteed gold 5s----July 1969 J
V
10*2
.91*4
92
v
2,300
*2
is..
*14*2
-.7*87%
7*4
2178.. 22*4 ;22
.'7%
2-m
*14
80
58*4
41%
79
107
81
Canadian Nat gold 4%s-.-—.1957 J
I
:7>21*2
.
-8
.v.;.AVfi-V';'
23
80%
.
30%
Dec
96*4 Jan 15
13*{ Jan 3
Jan 21
83% Apr 18
Corn Exch Bank Trust Co-20
Corn Products Refining
25
350
43*2
2% V.^%:
T*,&}2
16
J
,
v.
2
62
80
61%
79
Jan
65% July
Nov
.
90
3
.
22
..100
5
25%
*156% 161
*2
11*4
•.
:
7
14 ,"V.. 14
*8334 -, 89
*5iJgj v.;.:
34*2
1 v.^8 "*8
17*2
5%
5%
8%-preferred...
100
47
43%
161
27g
"15 ' ; 14*2.
1418
}. *34
9
'500
1,400
25%
43%
43%
161
L 3*8
13*2
*93 *; «7*2
H :•>«
167s *L5 v ;16%
y.
*16'>8
6%
79
A
5s A.....1962
16*i
:•
*15
18*2
10.)
7%
7%
4,309
f
9%
9*8
.♦45*2
•
88%
35%
3
v
26*4
*25*2
27*4
111
>10*2
*77 v. 79
63
38%
17*2
47,
433V
*91
97*2
i
*114
Canada Sou consgu
*92
*1618-1718
>s.Vr
O
California-Oregon Power 4s...1966
; 13*2
*76
74
*16
*7%
.
10*2
13*2
92% 105 '
113
U3%
93%
5,400
"17
3*8
1.7%
Continental Diamond FIbre_5
Contlneutall isurance...$2.50
Continental M>tors........I
Continental Oil of Del.....15
Continental Steel Corp. No par
;
13*2
'
79%
92%
2,209
9*8
*45*4
161
: iiit2
t,
110% 110%
74%
309
32%
;
106
108
93
J
i960
Bush Term Bldgs 5s gU..
104
ID
*5%
A
11*2
.*,18*2
97*2
i8i2
t *33*4
101
Continental Cab Inc..'——.20
•
,*9*2
'79;
i
104%
3,800
17*2
.
,
108%
100
Q
.1952
Consolidated 5s
,
107
22
v
9*8
,
•r|4';;fv2r.v
104
100
♦Certificates of deposit.......
4s
14
;
6*8
*278 ,> 3
,
A
17
-
76
43%
-
2
;
,
'21%
17%
17
•
.
'100%
MN
A
1947 MN
Debenture gold 5s—1950 J D
1st lien A ref 5sseries B....1957 MN
Buffalo Geri Elec4%s B.
:1981 F A
Buff Nlag Elec 3%s series C.:19b7 J D
Buffalo Rochester A Pgh Ry—
Stamped modified (interest at
3% to 1946) due
....1957 MN
Btish Terminal 1st
16
A
Af N
.
35
219
2,200
2*8
81
,
23
,300
3*8
22
.
71%
14
74
39%
19%
F
79
91 >
75%
75
'
73%
39
39%
1st lion A ref 6s series
{Burlington Cedar Rap A Nor—
i»lst A coll 5s
1934
75
♦74
"74
MN
75
85%
800
77
Fob 24
Apr24
7% Jan 14
14
Feb
4
lU2Mar 11
78
94
Jan 16
Apr 9
>i#Mar 27
%• Jan 7
7
Apr 14 :i 9
Jan 8
1*2 Jan 3
i 2*8 Jan 30
47g Apr23
;• 6% Jan 29
'
6*4 Jan 2
8% Jan 13
4% Jan 7
I 5%Mar 26
5% conv preferred.
100
Consumers Pow $4.50 pfNo par
Container Corp.of America.25
Continental Bak Co...No par
109
2*4
13%
18%
t
ft*4
11% F3b 28
5
par
Consolidation Coal C6
.400
.
"u
'
*14.1.1. *17*2 *1434 r.07)f •*14%:V17r2
15*2
15*2
\v';»9-.V79l2 4v*9(.^r9%
9% *: 9%
fl05*2d06i2 ♦105*2 10-7*2 *105*2-107
*105*2 106%
■}■■
5*8
5*8
5*8.
5*4
5*4
5*4
5*4
\ 5*8
*20*4 20*2
20*2 -20*2
'20*8 20-K
29*2 2078
;.4272734
27*4
27*4 *2-7*8 r27*4 * 27
27%
10*2
10*2 *10
j *10
U. *10*4. 10*2
10%
U 7*2' —
7*2 ^7%;/5712 t-7.34
7 %
734 I 7H
3*4
ff*s
33g
I ;>3*8
3*2 I 3*2 V 3*2
rv.-**4.
•;**1
'Vn -•1U-T**
*°32
**4
15
V!'15*8''-4.5l4 "15*8 15*8
i 15 A
'-15*.|
15*8
*
16
15?8
15'8 --*16
-16*2
16*2 *16
16*2
102% 102%
78%
89% •89%
89%
O
J
1960
rntge4%sser A...July 1970
f f*Boston A N Y Air L 1st 4s.. 1955
Bklyn Edison eons M 3%s~. 1966
Bklyn Union El 1st g 5s
-.1950
i.
:
,
-12*4
12iS
2*8
*73
-:
100% 102
102% 105
102%
78
200
21/
82%
83!a 1,80
*81
"
-/
11% July,
1.
Dec
20
Jan
Jan 13
Mar 25
97% Feb
Jan
Dec
30*2 Dec
Jan
89
Dec
*8
J-,J :
Industries....'.!
$2partlcpreferred.;.No
7%
Oct
Jan
110
'
t:
105%
102%
8
A
1061
4#s series JJ.._
1st mtge 4s series RR
♦inc
ist
M
2*2
*4*2
109
7*4
4%
978 Feb 16
76*2 Apr 17
Apr 20
.83
Consol Laundries Corp
5
Consolidated Oil Corp .No par
Consol RJR of Cuba 6% pf.100
18,000
'
*
-..'1955 M N
1st M 58 series II
Bklyn Un Gas
104%
*79
12%
9*4
47 /
*»%2
92*2
14
-it
103% 105%
^25
82V
12%
2*2
T7*j
'*2%
-*2
■
•KVr1;
103% 105%
105%
101%
D
...1944
'
•
*120
15*2
I
678
7
!
21*2 21*2
> *83?4
89 *
». *5i*2".'.1:'.
1*14*8 1434
•*-
>
Big Sandy 1st mtge ts
Blaw Knox 1st mtge 3%s
1st g
ioo%
°
100%
A
105
25*4
.3%
'43
11*2
.
105
*4*2
25*8
*78*2
I
5,100
5
Ah7% »
5
7*2
478
3*4
18*8
160
9212
97%
....
4%
m
.:
Consol Coppermines Corp.—5
Consol Edison qf N Y-No par
$5 preferred....
No par
Consol Film
2
*l"s
2
16*o Feb 10
\... 6J^% prior preferred—.100
[j ivv VjV^.JJv J: j
1,500
23%
3%
16*2
21 >2
2' t Apr
12*2 Apr 22
f
Inc.No par
..11
Consolidated Cigar....No par
7% ©referred.j.—.....100
""360
.71
32%
,'
■27
4334
*l5i>2'
•r
99%
96%
*73
f *15
5( 127% 130%
104%
A
f
*
V 48 '
"98%
Consul mtge
3>{S8erH—.1965
45
%
*11 i. 11*2
*11
11*2
11*2 *11
6*8
16
6*8 'T 6 *8 i 6%
6%
6%
131 j *120 ' 135
*1201337s *120..133%
79
*73,-v:79
*73
79
*73
79
6*4
U**ii:
f 16*4
72% 83%
106% 108%
4%
7*4
9*4
*45%
;*27g >: 3*8
t
11*2
92*2
13*8
*11
-
135
*13*8
58%
11%
83%
Mar 30
3u Jan
Consol Aircraft Corp
10,090
83*2
32%
:
Cong oleum-Nairn
8,990
:.;.*%♦
7'h
17%
5*4
22%
7*4
*17-34
.,.
.11
t *92
-58%
105"
3%s conv debs
.1952 A
3%s ser P.—.1959 J
Consul mtge 3s ser G—.1960 F
Beth Steel
i
84
|.§«*8?10*8
99
,'96%
D
11
f
48%
48
J
10"4
5/ 6*4
:;44.v;f53%'
17
34*8
j 2734 • 28*4
1 ♦68:-' n\
1
43*2
7
*16-18
1634 *16*2
17
341o
39
31*2 *35
10*2,D012 i 10*2 10*8
89*4 ■ 80*4
7934r 793.4
"2734 28*8
2S:*4 2814
*69
71*2 *69
70
16«8
16i8
34*8
♦10V
;*80I4
•'•54%
H%
' 84'
33*8
v
800
v5
22*2
3*8
(
*6'«8
*129
49
*
7
I
-v •„/;
95%
98%
56
53%
50% ^ 57
♦44% V 50
*81 % v 83
106%
107%
129 - 136. '
129
Beneficial Indus Loan 2 lis
4
■
56%
A
.
40%
47%
106%
Belvklere Del
49
86
42%
•47%
■;
69
•
53%
J
J
1st A ref 5s series C.—-...-I960
22%
•
.
161 ',161
3
11*4
*90*2
14*8
1
39
42%
29%
683
9*2
934
*45,4. 48 '
■
♦".is ?;i-
'
92
*618
39%
29%
*97%
iBellTelepwf Pa 5sseries B.... 1948 J
:
172
30%
25%
•
51%
J
I)
Battle
'Beech Creek ext lstg 314s.—-1954 A O
>;
45
3
*13*8
44%
'■
J
1951 J- J
Con ref 4s
t
34
18*8
1778
•
*1738
43 V 43
'
39%
120
•
Bangor A Aroostook
.
29%
30%
29%
29^
169
35%
29 X
18-
-,
.;
16 0 ; V 160
65%
59%
116
60%
'3*4
3*8.
,
i" 2734" 2734 f^7.*4.v.2758
43
159
■^.^278,'3
:
Dec I
f
>1734.
43
Ref A gen ser A (tnt at 1 % to
'
■
.3*8
vis:
33
8.200
h%
2%
>.
4*7*4
7'g
33*4
17*2 Apr 17
Conde Nast Pub Inc—.No par
11*2
83*2
'
n
'22%
32*2
1734
46
27->8. 27
i
A
2%
*81
22lg
>7*8
*934 .IOI4
,
..
3*8
■
65
.....
12*2
Commonwealth Edison Co.25
300
f
,,,400
8
100
103*2 Mar 7
9% Jan 10
Mar
104%
3778
..
I
57
*81
6,100
•
5h
7*2
434
27 -,
.83%
12*2i
I 25*2
83*2
6
10
5%
5
27
8
f159
Baltimore A
85
7*2
434
■
33
-
.
32*2
i: 1704- 18 v i.;, 18
,
60
!
-
22*8
'{*1704' 19
f *914 .lOV
104
■
O
5*8
-
44*2 Jan
69
2
•-/--5.;
2478 Apr2 4
10%
*7
Dec
Deo
$6 preferred sbrles.. -No par
oonv
31
Det
19'g
5
July
Oct
7%
28*2 Aug
Deo
96
Feb
"1,500
17*2
11*2
16*8
Feb 26
187g Fob
25
83
Deo
,
8
86
3,
100
**3t Jan
80
*"i«
16*8 Jan
91% Apr 17
20% Jan 2
Highest
4*4 May
21*4 Apr
Mar 19
2
86
34
64
Jan 20
6% Mar 21
27
9,300
2*4
13
10V,
72
8
100% Mar 17
17%
2*4
Jan
pf ser '35.No par
Commercial Solvents.-No par
Commonwith A Sou..No par
4,600
■
17*2
:
10
■
83*4 '*82
1*178
•
25
24'%
$4.25
Lowest
per share $ per share
5
$ per share
2
5*8 Jan
24
Commercial Credit....—.10
100
ht
v
Columbian Carbon O0.N0 par
Columbia Pictures
No par.
12.73 oonv preferred-No par
Range for Previous
Year (1941)
Highest
$ per share
51
MaTl6
Par
■■
4H% oonv preferred
100
ComroT Invest Trust-.No par
3,900
*75
5*2
11%
'2
178
3i«
;
Lowest
/-v■
200
,..
so':
8*8
.
22'« 22i2
*7i2 - 8
32.V'32%
' 3*8 V 3*.|
.
j
Range Since Jan. 1
On Basis of 100-Share Lots
3,500
97
186. ' 86;
i*7
'
I-
5
A
5%
11*2
82%
•*'!«
400
'
18*8
.
300
.
17
16%
12% *12%
17% -417%
*75
7*2
12*
2*2 - 2*2
84 ; •*8l:-v83*2
82*8 1 82*« t**8078
!
•
80
86
♦83U
•
.
V'7'2
.
17*2
5*2
27
22%
22%
160% 100%
8:
8*8
:*2%-;.-2*2
•-
12% •:*12l4
18*g ; 17%
10
10%
34
..
t.;v'2?BV,.2l2
,
18*8
2*2
*lhi
;- .l'78
,.5*«
Us
-
■
83%
•
95% 100
106
4
1
105%
105%
:y ,>'
'
73
40
33
63%
99%
'Atlantic Refining deb 3s...... 1953 M 3
f
2
•
T10
85
'
8134
*W" 3.,
:- *7*8'
7*2
5
66%
99%
67% V 68%
98%
,104
101
49
68
r
712
*i78
*7
c
*74%
•*83
*7,f, 7*i V*7 •
7I2
: *412
478 r *4*2 V 478
434
*.25 , 27
; *26 *
27
*25l2
! 8334 ..Mh *S0 v 813.4 *82 12 V
12'4 *12*4 • 12*2
12*8
100%-102%
V; l
103%:, 103%
; 80% ;■ hi %
63%
1945 MN
...Oct 1952 MN
1948 Jr./
; Atlantic & Dab 1st g 4a
Second mortgage 4s..:.. > .. 1948 J
J
<Atl Gulf A W ISS coll tr 5s... 1959 J
J
LAN coll gold 48.
12*8 -1234
5*8 i.:* 6*2 >«»**- 5*jg
Ills
U'2
11'*
8IO4 V8D4 82*2
lll2
ID4
8D4
i
.18*8
>♦2*4
'12*2
17-i4
^*2*41^2 *2
83
518
.
i'
j
18*2
■
85*t
;
.
102V. V 102
81-
lil2
*79i2
*Il«
) *7-?
'
101% 103%
97% 99%
103% 105 V
110% 112 1
109% 111 v'
111%
109%
l
■
*108';;
1944 J
J
1952 M" 8
1.3*8
'2*4 a -2*4
1213:
.
13
1,0-
r
87%
91%
101% 102%
91%
91%--
92
*90
17%
-
•
Hh •5,1734; 18*8 .,18,--v{8*8
10
10
10
f *7-l,85U
109%
88%
91*2
23*4
5*2
'
■:
62% 67
lOO* 100 1
104% 106%
106%
104
106%
27
,
105% 107
34"
40%
;
ioi%; 101%
D
1944
92
92
Conv 4s of 1905.i-....1955 J P
Conv gold 4sof 1910-,.....i960 J D
4s registered......
'16'8
*9112
23*4
23*8
"
60*2 J.509
60
27
.
.
108%*- 109%
"'"91%
|
1st
23*2
61
5*2
I
■
>
Ohio RR—
mtge gold 4s
17*8
*99 V 93
4
V 60%
63
53S
5*2
27
27*4.
171/4 vl6%
91*2
9722's
23%
*61
*5*2
*26%
•
-
'
General 4s-.1995 A 0
Adjustment gold 4s
.1995 Nov
—
17*8
913s
25*8 "23X4
!
'
5s series B
; Atlantic Coast 1st cons 4s July
r, General unlffed4%s A—_„.
i
l6-year coll tt 5s....May-1
17*8
91%
«■
17'8
17?8
•*2i4V 212
;
stocks
■
Week
Shares
2314 i
,
V"
1st 30-year
Apr. 24
$ per share
.
103% 105 '
14
91
105%
105%
:
I
At! A CharlA L l8t4%s A-
Apr. 23
5 pet share
v
.
'Atchison Topcka & Santa Fe— ?V
Apr. 22
.....
109%
,
exchange
S per share
IOOI4 102"i *10034-102*4 *10034 102*4 '10034 102*4 ♦100% 102*4
i. 6'S M
8'« '■* H' t .'•* 8*4
8*8
8%
•;V8*4 • 8*4 ; 8*4 , .8*4
3j»
hi
3i&
I#.?!#'35
IV
',V».
J»2
2626
25
,
2512 26V2
25*2
25*(t :25% 26 '
105% 108%.
165
new york stock
\
Apr. 21
116*2
9^
23
105% 108%
35
107
i
i per'snare
*251/1' 27
.
106%
t
the
Friday
5 per share
.
'
6*2
f
Thursday
Wednesday
6'4i2 -*61: ;• 63
t6U# 63
*5*4'
.5*2 I +S*2 •
512
27 >'.27.: ?27.-2\,27-
u.
105% 108 ;
59% 69%
106
106
;*60
102% 104
Tuesday
j
»Apr.20;
;$ ver share
.11
107%
S
Am Wat Wks A Eleo 6s ser A.."1975 M-NAnaconda Cop'-Min deb 4% 8—1950 AO
•♦Anglo-Chilean Nitrate deb
1967 J an
i 1A nu Arbor 1st« 4 s;.... >.
1995 Q J
>
I Apr. 18
145
106%
f
]■■■■'
4[
Monday
v
High
103%
107%
••
D
debL»l 950 J
_
Saturday
.
i 64%
95%
AO
I
[Am "Type Pounders bonv
•
Sales
SALE PRICES
'
1
V,.tj.■
;Am A
f. 3debentures.........
No.I Law
Htoh
*
r
■■
LOW AND HIOH
->
Since.
Jan.
Asked
&
for
..Rawe
.
Friday's
Bid
(Con.)
./■'< "V"'.-.*
,
,Rant/Q or
Last;
Sale
Price
Week Ended April 24
if''.-
Week's
Friday
,
II
Y. STOCK EXCHANGE
v
NEW YORK STOCK RECORD
BOND RECORD
NEW YORK
1655
b
-
v
•*20
30
:to
21%
20%
678
6%
85
85'
21
*'20*i
For footnotes see
8*2
;'«*8*2 '- 834-
pagfc
1661.
*8*2
82
85
21 ;
8%
i
28
■
28
Fairbanks Morse A Co.No par
.28*2
20%
•
20%
20%
V 300
Fajardo Sug Co of Pr Rico. -20
6%
*6'i
6%
200
Federal Light A Traction... 15
30
$6 preferred—
No par
Federal Min A Smelt Co..—2
*80
20*t
8*2
8*2
83*2
*20
84
20%
~
-
-'
% 30,
130-
*20%
*6%
21
|
400
8%i
490
'
*8 %
Federal-Mogul Corp
5
*
Apr 24
20% Apr 17
6% Apr 23
82
Apr 23
20
Apr 18*
8
Apr 15;
37*4 Jan 16
2)% Jan 29'
8% Jan
93
5
Jan 31
24*2 Jan 16
10* 2 Feb 10
16*2 June
6% Dec
90
May
19% Dec
,
8%
Dec!
247$ Mar
13. Mav
100
Jan
26% July
.14-% Jan.
,
THE COMMERCIAL & FINANCIAL
1656
Monday, April 27, 1942
CHRONICLE
NEW YORK
NEW YORK STOCK RECORD
Monday
Tuesday
Wednesday
Thursday
Apr. 18
Apr. 20
Apr. 21
Apr. 22
$
f per share
Vs
3?8
per
1312
334
*12%
80
*75 f.
r
I
!
8%
31 %
*8%
14%
14%
14%
*8%
*14%
89
*88%
32%
*32
11%
I'm
r
103s
11%
*85
*16%
17%
*16
t
*31
i
29
1034
10%
;
10%
93%
1634
Follansbee Steel Corp......10
f.
*15%
Through Short L 1st
{
Guaranteed
Feb
10
Freeport Sulphur Co
*15%
*85
Prod
..I960
A.-.1948
5^3
Champion Paper A Fibre—
7
3
i S f deb 4^8 (1938 issue)..-1950
Jan
.
Chesapeake A Ohio Ry—
1
General gold 4 lis—
(
6
21% Feb 5
5% Jan 13
85%AprlO
No par
4s. 1954
gu
.
| S f deb 4%s (1935 Issue).--1950
7
Apr 21
1
preferred...No par
F'k'n SlmonAColnc7% pf-100
5s
g
Certaln-teed
Feb 19
20
...100
conv
Francisco Sugar Co
Price
Central RR & Bank'g of Ga 58.1942
11% Apr 6
96% Jan 15
5% conv preferred
•31
I *85
i
7
92.
Fruehauf Trailer Co
$7
*40%
3134
17%
88
4
39*2 Feb
30
Feb 10
27%Marl4
10% Apr 23
116
Jan 21
7
Apr 17
40 Mar 3
29% Apr 23
15%Apr2l
5% conv preferred
...100
Food Machinery Corp.....10
Foster-Wheeler.......--..10
Friday's 1
Bid
&
Asked
Railroad & Indus. Cos. (Con.)
Cent Pac 1st ref gu gold 4s
1949
10% Feb
Apr 21
18
3%
Floreheim Shoe class A.No par
Range or
Sale.
Y. STOQK EXCHANGE
Week Ended April 24
Highest
3Ma ser E. —1996 F
Potts Creek Br 1st 4s
..1946 J
J
fChlcago A Alton RR ref 3s..l949 A O
5
Jan
1989 J
2d consol gold 4s _r
3 ho. 1949 J
J
3%jS registered-..----—-1949
...1949 J
J
Chic Burt A Q—111 Dlv
'
j
J10% Feb 7
;41
Mar 19
38% Jan 3
-
J
J
1989 J
R A A Dlv 1st con g 4s
s
T27« Jan26
134% Feb 21
,19
A
Ref A lmpt M
1
30%Marl9
32%. Jan
1992 M 8
1996 MN
Ref A lmpt mtge 3 Mb D
■
10%
46
3134
No par
Lowest
Jan
11
3
81% Apr 21
32
Apr 15
9% Jan 2
90
April
15 Mar 27
.No par
14.50 preferred
Florence Stove Co
*6%
i *4012
8% Apr 23
6% preferred series A... 100
*123%
7
7
13% Jan
Fllntkote Co (The)....No par
*28%
*123% 127
t
N.
Week's
Last
(1941)
6
11
Janl9
41% Jan 3
307g Apr 21
First National Stores..No par
*31
34
29
4% Feb
18'a Jan
87.
Fllencs (Wm) Sons Co.No par
Firestone Tire A Rubber... 10
*3%
37s
3% Jan 2
1214 Apr 14
Ferro K-iarael Corp.—
1
Fidel Phen Fire Ins N Y.S2.50
*17
21
*3%
8%
3134
95
*85
i
i
Highest
*
100
4M % conv preferred
33
*88%
J *32
-
Federated Dept Stores.No par
8%
32%
14%
1434
89
8%
Year
RECORD
Friday
Range for Previous
$ per share
77 Mar 12
7^Apr2l
Federal Motor Truck..No par
100
79
31 ?8
]■■■
600
3%
3%
334
13%
*76
Lowest
$ per share
Par
Shares
$ per share
share
*1234
I
1
100-Share Lois
EXCHANGE
Friday
Apr. 24
Apr. 23
'
On Basis of
NEW YORK STOCK
Saturday
■
Range Since Jan.
STOCKS
LOW AND HIGH SALE PRICES
BOND
Illinois Division 4s
4s registered
1949
—
M fl
F A
f
General4s
——
-.1958
f 1st & ref 4hs series B......1977
3
94%Jan28
—1971 ^ A
1st & ref 5s series A
Chicago A Eastern 111 RR—
-.1997 J J
MN
} *Gen mtge Inc (conv)
Ctiicago A Erie 1st gold 5s.. ..1982
1% Jan 6
1% Apr 18
Gabriel Co (The) cl A ..No par
.1
Galr Co Inc (Robert).
8's Apr
...20
6% preferred
Gar Wood Industries Inc
10
5
5% preferred
Gay lord Container Corp
36
35
•
3%
3%
*108
37%
3%
3%
-
108% *108
3
2%
2%
7%
*2%
*7
'7%
'80
17% 17%
*71
*16,2
80
17%
7%
3
*69%
3
General Cable Corp
2%
24%
-2*23%
25
*111% 115
7% preferred
:
3
122
24%
*111% 113
5
69
$5 preferred...
No par
ll32
*'J31
26
*23%
16
15%
914
9%
26
16
9%
*9%
»32
*23%
15
*9%
6% preferred
Gen Realty & Utilities..,
*32
i '
68%
14%
14%
14%
11%
11%
*44
4%
*54
*13%
*39%
46
4%
56
13%
41
*12%
68%
-66
*12%
14
'77g
3%
*44%
8
37g
47
*44%
4lo
4 '*»
4'"
54
"
54
*1278
"
13%
40
*35
8
3%
*50%
127g
*35
% Mar 26
Mar 11
5%.Jan31
I
27
;
Jan 26
13% Mar 30
10% Feb 11
14
100
6% preferred.....'
General Tire A Rubber Co
8
3%
7U Jan 12
5
3
Gillette Safety Razor. .No par
$5 conv preferred ....No par
Brothers
No par
47
"
No par
Glidden Co (The)
127g
50
4A% conv preferred
40
4% Apr 57
Apr 23
12% Jan 2
37% Jau 2
51
No par
$6 preferred.
2
ar40% Mar 31
Glmbel
41*>
Jan
■
% Mar
3
Jan
1
2
Gold & Stock Telegraph Co 100
75
No par
13
Jan
56
Jan
10% Jan 2
60% Jan 2
1% Jan 20
x58
Jan 7
r
67
3
Green (H L)
let
Co
22% Apr 17
Apr 21
52
1
No par
8% preferred
;
Gulf Mobile A Ohio RR
.100
No par
—No par
$5 preferred
Apr 15
130
10
5A% conv preferred.
Guantanamo Sugar
Mar
143;
Cfeve C(u Chic
10% Apr 18
10
Mar 31
10% Apr 17
2% Apr21
2
Ref
.
,2% Apr 17
2
20% Jan
;
A
series E—1977 J
lmpt
St L
Dlv
Cleveland A
.1970 J
Pittsburgh RR—
Gen 4hs series
1
1942 A 0
1948 MN
...1950 F A
Series C 3hs guar..
Series D 3h« guar
I
J
B........--1942 A O
Series B 3 lAs guar
3
/
1st coll tr g 48—1990 MN
Cleveland-Elec Ilium 3s
1
/
Cln Wab A M Dlv lst 4s... 1991 J
J
1977 F A
/
Geu 4hsseries A..
"series B-—1981 J
Geo A ref
12% Feb 4
111% Alar 4
14% Jan 6
37« Jan 29
) 73
<
4
St Louis Ry— :
1993 / D
General5sserles B—...—.1993 J D
A O
1972 -4 O
1973 .4 O
lsts f4h8seriesC
-1977 A O
Coal River Ry 1st gu 4s._—..1945 / D
Colo Fuel A iron gen s f 5s.-1943 F A
*68 income mtge. i
1970.4 O
♦Colo A South 4hs series A..1980 MN
Columbia G A E deb 5s.May 1952 .V/ N
i Debenture 5s.....Apr 15 1952 A O
Debenture5s.....
......1961 / J
Columbus A H V lst ext g 4s, 1918 A O
Columbus A Sou Ohio El 3^8 1970 M S
Cleve Short Line lst gu 4^8.1961
Cleve
Jan 30
Jan 24
29% Jan 24
Union Term gu
5Mb
lst s f 5s series B guar.
■
48% Jan
i
General g 4s.-.-..
i
9
•
25
1969 F A
J
3^8 ser
Clearfield A Mab lst gu as....1943 /
Jau14
52
Apr
33% Jan
-1967 / D
48.1942 M N
lst gu 3 lis D..1971 MN
1st mtge gu
•:
-28% Jan 27
1
Apr 2 I
Apr
mtge 3^8—.—
Cln Un Term
23% Mar 31
25
Feb 3
15% Jan 2 a 17% Apr 2
21% Jan 2 :j 25 >g Feb 27
100
Grumtnan Aircraft Corp
;
26
100
:.l
Greyhound Corp (The).No par
J
Cin Leb A Nor 1st con gu
7% Jan 12
RR
Inc
Station—
/
mtge
lst
{♦Choctaw Ok A Gulf con 53.1952 MN
8% Jan 14
31
Jan 13
Sugar-No par
A O
M S
{Cincinnati Gas A Elec 3l£8—1066 F A
2
6
Preferred
J
J
....
J
(■
lst A ref M 4lis series D.. 1962 M S
Childs Co deb 5s.
..
1943 A O
0
6% Apr 23
Green Bay A West
-
3%s series E.._. 1963 J
3
Jan
2 11
Feb
2
5% Jan
Great Western
"
in tge 3H*s "cries F
-1963 J
Cblc A West Indiana con 4s. 1952 J
1st
I
71'. Apr 22
f 2% Jan
5j Jan
..No par
■
/
/
1st 58.1960 J I)
5s....Dec 1 1960 M S
guar
'Chicago Unlotv
15% Jan 14
05
Apr 22
4% Jau
Co
10
I 5% preferred
......20
Gr Nor Iron Ore Prop..No par
Great Northern pref...No par
F A
Orleans 5s. 1951 / D
—1951 / D
1951 J I)
; 14% IVfar 25
1
'Granite City Steel
MN
■'
Memphis Dlv lst g 4s'„
Income
82
■Granby Consol M S & P
5
Grand Union w div ctfs.No par
■Grant (W T)
TiJ
,
,
Chic Y H A So'eastern
Apr 0
111» Jan30
2% Jan 29
Feb 13
*
8
Motors
-
Gold 8H*.—
Mar.17
44 : Fob 4
2
5% preferred
..No par
Goodyear Tire & Rubb.No par
$5 conv preferred
No par
Gotham Hose
No par
Graham-Paige
>
1960 M N
\
.15
Apr 21
100
■
Chicago St LA New
;48%.Jan 5
578 Jan 20
2
1
Goebel Brewing Co
Preferred—..
t
| ♦Convg 4hs-—
j65%. Jan 27
;
v
J »
J D
—
Gobel (Adolf)
Goodrich Co (B F)
1-
87g Feb 14
,
j 4
MN
M N
J D
.
20. Jan 5
127* Jan 10
.16% Jan 10
110
Feb 24
13% Apr21
108% Jau 3
Gen Time Instru Corp.No par
MN
.
J9% Jan 5
10i I;'eb. 7
fiWft-jab ^9
Gen Theatre Eq Corp. .No par
4S registered.'..
{♦Chic R I A Pac Ry gen 4s._ 1988
.,V 4s registered..
1988
J' \ *Certlflcates of deposit—.....
[ '■
4s ctfs registered
..1988
{♦Refundinggold4s..... — .1934
{•Secured 4hs series A—— 1952
<12% Feb 5
105 Feb 21
7„ jan20
Apr21
2
87g Jan
—-—---.1987 MN
*Stpd 4s 11 |> Fed inc tax. 1987 M N
♦Gen 4%s stpd Fed Inc tax 1987 M N
— ......
108% Apr. 7
j
% Jan 3
General Telephone Corp...20
67%
54
23
*"15
A O
*Gen 5s stpd Fed inc tax..1987
♦4 lis stamped
1987
{♦Secured 6MB..J
,—1936
J ♦lst& refgos. —— May 1 2037
) ♦lst A ref 4Mb stpd May 1 2037
\ ♦1st & ref 4h» C-May 1 2037
f ♦Conv 4%s series A
1949
{{♦Chicago Railways 1st 5s stpd
Aug 1940 25% part pd..l927
3
6
Apr 124
*103% 111% *108% 111%
•
2
F A
}
0
66 4
11%
-
%« Jan
10% Apr 17
101
Apr 23
J
J
*
f
35%Mar 25
126 4-Jan
30 4 Jan
3% Jan
J
J
J
|
83
Jan 3
131% Feb 10.
.
J
J
|
Jan 20:
1% Jan 15
v Jan
9!
102
Gen Steel Cast $0 pref..No par
14%
11%
4% Apr22
Jan46
105
I
General Shoe Corp
9%
117g
*12% -14
*103% 111%
♦7%
8
3%: 3%
*11%
10
20
:i78 Apr 15
1
$6 pref opt dIvserles-No par
No par
General Refractories
15%
14%
*14%
No par
...100
Gen Railway Signal
26
68
67%
Apr
16% Apr
I
$6 preferred.........No par
Gen Public Service
10c
11% p 11%
11%
101101
*100% 101
16
2
"
«
*23%
16
Jan
No par
General Printing Ink..
4"g
*4%
47g
*105% 109% *105% 109%
*4%
Apr
30
No pat
Common
Apr 16
122
122-
100
10
5% preferred
116-
25
Mar 25
J
J
Ry—
f *Generglg3h8—
— 1987 MN
?.
3 lis registered —
1987 MN
i •General 4s
.......1987 M N
5
% Mar
1989 J
I
—
28% Jan
40% Jan
,
.May
IChlcago & North Western
Jan 16
21% Apr 21
Gen Outdoor Adv A
11
3
Jan 28
9% Jan 14
90% Feb 4
20 Mar 2
.
*23% Apr 21
112
Mar 11
61
—
♦Gen g 3 Mb ser B.May 1 1989
*Gen 4h8 series C.May 1 1989
♦Gen 4h-s series E.May 1 1989
♦Gen 4%s series F.May 1 1989
JChlc Milw St Paul A Pac RR—
f *M tge g 5s series A.:
— 1975
.*
*Conv adj 5s
...Jan 1 2000
;• 3% Jan 15
127
/
/
UN
J J
/ J
J
J
}
4% Jan 16
119v Jan 20
No par
General Foods
'
.
9
Jan
♦Gen 4s series A
46% Feb 16
678 Apr 15
Apr 15
17% Jan 2
J
J
^Chicago Milwaukee & St Paul—
5
Corp...No par
$4.50 preferred
No par
General Electric Co
General Motors Corp.
*105*8:109
1
5% Jan 15
2% Apr 16
$6 conv pref serlesA.No par
General Mills
...No par
4'
'
81
Gen Gas & Electric A ..No par
4%
Apr 16
Feb 10
108
-.100
No par
.....100
7% cum preferred
General Cigar Inc
124% 114% *121% 125
22
22%
21% 22
*
Apr 17
3% Jan 2
...No par
Class A
5
10% Feb 20
10i. Jan
/
J
*Gen Inc mtge 4h8—
2038
J*Ohlc Ind A Louisv ref 6s.,1947
♦Refunding g 5s series B
1947
^Refunding 4s series C-—- -1947
I *lst A gen 6s series A...1966
♦1st <5: gen 0s ser B-.May 1960
Chicago Ind A Sou 50-year 4s..1956
.52% Jan 22
36
.5
No par
5
No par
Baking...
$8 preferred
General Bronze Corp
108%
3
•
General
3% Jan
f 7% Apr
•
J
A. 1988 J
j
3
Jan 20
Feb 13
3% Apr 10
98 Mat 11
No par
Gen Amer Transportation...5
36%
21
8% Apr 17
51
5A% conv preferred.....50
Gen Amer Investors
No par
J6 preferred
3
4
2%Marl7
6% Apr 22
1
2% Jan
11
Jan
Chicago Gt West 1st 4s ser
2
Mar 11
18
No par
GamewelICo (The)
;j. 2% Feb
■
10
200
60
gO
800
10
100
•
400
200
*500
4%
*46%
-
4%
47 '
10
1
Apr21
...2
25
25
1% Feb 19
79% Apr 21
4% Apr2I
45 Apr24
100
141% Apr. 9
Hayes Industries Inc
Hayes Mfg Corp
Hazel-Atlas Glass Co
500
Helme (G W)
-
Preferred..
"300
53%
800
DO
*31%
31%
100
*80
85
300
Hercules Motors
..No
Hercules Powdar
No
6% cum preferred
Hershey Chocolate....No
$4 conv preferred
No
23% Dec
33 r Feb
33
38
;8% Pec
16% Jan
25
33
8%Mar 16
9
Jau. 2
95 Mar 11
98 Apr 20
Harbison-Walk Refrac.No par
127j Apr24
6% preferred
100 ^126 JApr 2
Hat Corp of Amer class A
1
3%Mar 7
64% preferred
100
80_ Jan 29
Feb 11
Jan 5
10%.Jan 6
22% Ap; 20
29 Apr il
Hamilton Watch Co...No par..
6% preferred
100
Hanna (M A) Co $5 pr.No par
Hecker Products Corp...—-1
11%
*127% 128
25
25
400
*143% 154
*11%
53%
Hackensack Water
7% preferred class A
Hall Printing Co
400
10% Feb 6
87j
100% Feb 7 102;
104 Jan 17 100 ?
.16% Jan 19
12%
146 i Jan 10 140 :
4% Feb 2 . J3%
87 " jan2I
92 I
; 7% Apr 21
.1...
.
,17®. Jan
;93% Jan
6% Feb
57 ? Feb
t
158
6
19
19
11
Feb 28:
Dec
15
Jao
Dec 108 July
Dec 106%; Jan
Dec 25% Jan
Jan .49*4; Feb
Dec
6% Jan
Dec 101 ; Feb
.... L.._ . ....
>1% Dec
76 June
5 •: Dec
, 50% Dec
150
Jau
Mar
Dec
3% Jan
96 Sept
8%,Sept
96 ,. Jan
108
July
11% Apr24
.52% Apr 2 4
100 125 Feb 9
par
30%Mar 6
par
79 Mar 13
!l2% Feb24 >10% Apr 16% Jan
.72
Jan 2
65% Dec 80% July
129% Apr 7 zl23%May 132% Oct
40% Jan 5
33% Dec 50% Jan
102% Jan 12 ,,99% June 115
Jan
12%Marll
Mar21
Jan 5
12% Dec 16% 8ept
Jan 9
12% Dec 187*-Aug
Apr 26
,13% Dec 30% Jan
Feb 16
, 5% Dec
9% July
Jan 30
9
Feb
107# Aug
Feb 20 a:107% Apr 115
Oct
.38% Feb 5
30 s Dec 52% Jau
34 r Jan 29
24
Dec J. 89
Jan
10% Jan 29
7% Dec 13% Jan
44 ; . Jan 20
30 Dec 64 ;■ Jan
105
Jan 26
100
Aug ill ; Jan
3% Jan 14
2% Dec
5 July
34% Feb 3|
26% Apr
37% Jan
par
par
'
COlumbUB A Tol
1st ext 4s_. 1955 F A
'(♦Commercial Mackay Corp—
»
Income
deb
Commonwealth
\
Edison
300
600
300
100
,400
200
,000
700
100
,300
400
For footnotes see page 1661
Hlnde A Dauch Paper Co...10
Hires Co (C E) The
1
Holland Furnace (Del)
10
Hollander A Sons (A)
5
Holly Sugar Corp
No par
7% preferred
100
11
14%
6
14
111%
100
2
6
Apr 6
Feb 27
22%Mar 21
27
Jau 3
8% Jan 2
32
Apr 17
98'2Marl6
Houston Oil of Texas v t C..25
Howe Sound Co....
5
2% Apr24
30%Mar 7
Homestake Mining..
12.50
Houdaille-Hershey cl A.No par
Class B—
Household Finance
5% preferred
..No par
No par
Jan
Jan
13%
13%
19,;
f 0%
,18%
115
.
1969 May
Co—
lst mtge 3hs series I.—. —.1968
3h8-.i-...l....1958
lst 4S..1943
Conn Ry A L 1st A ref 4)^8-1951
I stampedguar4hs.........1951
.Conn Rlv Pow s f 3?is A...—.1961
Conv debs
Conn A-Pasump Rlv
/ D
/
J
A O
/ J
/ J
F A
Consol Edison pf New York—
O
O
A O
s
8hs debentures.4-1958 J /
Consul Oil conv deb 3hs. —1951 / D
t*Consol Ry non-oonv deb 4a 1954 J J
j
3>4b debentures..
.1946 A
3Ms debentures...........1948 A
{
3hs debentures.,— ,.—...1956
— -
♦Debenture 4s
200
Apr 1
w
w
1955 /
1956 /
5s....— I960 J
J
J
♦Debenture4s.......
Consolidation Coal
I
.
.
'
s f
T-.vCt*•'
"1
J
*
Consumers Power Co—•
,...1965
1907
1970
1
lst mtge 3lis.'.....1966
i 1st mtge 3)i8.
1969
Craue Co 21iss f debs..
1950
Crucible Steel 3jis s f debs..1955
J
lst mtge
lst
•
lst
3^3
mtge3^8...".
...
mtge 3j^s.
.....
For footnotes see page 1062
WN
MN
MN
M N
MN
A O
J D
102 •"«
Volume 155
THE COMMERCIAL & FINANCIAL
Number 4067
,
NEW YORK BOND
Last
BONDS
N.
Sale
Y. STOCK EXCHANGE
Price
Week Ended April 24
RECORD
Week's
Friday
NEW YORK STOCK RECORD
1
low AND HInH SALE prices
llame or
Friday's
&
Asked
STOCKS
NEW
Bid
Saturday
Monday
Apr. 18
Railroad & Indus. Cos.
Apr. 20
Tuesday
Apr. 21
Wednesday |
Apr. 22
i
♦Deposit receipts
B
Lowest
S per share
*8
*2i8
extended
Shares
100
3
17i«
300
*M«
-
g
.....1952
♦Deposit receipts.-. ....:
*7^8 series A extended to 1946
♦Depcslt receipts
series
Range Since Jan. 1
On Basis of 100-Share Lots
STOCK
Apr. 23
♦Cuba RIl 1st 5s
♦6s
YORK
Range for Preslous
Year
EXCHANGE
Thursday
(Con.)
1942
•Cuba Nor Ry 1st 6>is
CHRONICLE
Par
Hudson A
Manhattan
{Hupp Motor Car Corp
900
38 Jan
100
Hud Bay Mln & Sra LtdNo par
Hudson Motor Car....No par
5,400
.
Highest
$ per share
100
5% preferred
1,800
17
(1941)
Lowest
Highest
2
2
Jan
2
16*a Apr 17
3's Jan 2
1
'it Jan
2
5*8 Jan
2
1946
to
♦Denosit receipts
Curtis Publishing Co 3s deb...1955
Illinois Central RR Co.... 100
6% preferred series A... 100
371,t
Dayton P A L 1st mtge 3s
*2-i4
10i8
1970
Dayton Union Ry 3)isserB —1965
Del A Hudson 1st A ref 4s...i.1943
9i2
*5i2
*20i4
{♦Denv A R G W
gen 5s._ .Aug 1955
j ♦Assented
(subj to plan)....
♦Ref Aimpt 5s ser B-.Apr 1978
t*Des M A Ft Dodge 4s ctfs. i: 1935
{♦Des Plains Val 1st
*104
5*8
6.
115
4^8... 1947
40
Detroit Edison 4sser F.......1965
150
gu
Gen & ref mtge 3 His ser G...1966
Gen & ref 3s ser H a
1970
1
v-.
:
iv.-'r.
i.
{J*Dul 8ou Shore A Atlg 5s... 1937
Duquesne Light 1st M 3^8-.-.1965
;
'
.
2H2
Interchemlcal Corp
Ho
6% preferred
Intercont'l Rubber
Ho par
Interlake Iron
Ho par
5i2
6i8
115i2
40*8
150
6
Apr 20
109^8 Mar 16
150
Sys class A.25
4% preferred
Internat'l
100
Mlulng Corp
Elec Auto-Lite 2 Ms
Preferred..
100
Intenatlonal Paper Co
debs1950
■
5s
i
stamped.... .^...*.^..1965
A
Jan 12
4
1238 Jan 14
6*8 Feb
5
23'2 Jan 27
lllij Feb 3
: I03g Jan 9
8
Jan 14
15U2Jan 5
April ^ 51
Feb 4
Apr 17 160>2 Feb IS
38 Jan 2
fill Apr 17
3*8 Apr 15
Apr 10
2
Apr 7
24*8 Apr 21
126-VJan 3
1078 Apr 14
51
Apr 14
v
38
s4 Jan 19
12'2 Jan 9
5
Apr 9
3934 Apr 15
3
: 60*8 Jan
5
4
131
5
20
2*8 Jan 26
International Sliver
par
7% preferred
27i4 Apr 23
32
Apr 14
100
J
Preferred......
96
Apr
100
Tntertype Corp
261*
Mar 14
50
Interu'l Telep & Teleg.No par
Foreign share ctfs...No par
Interstate Dept Stores.No par
'..Ho par
Island Creek Coal
127
39
1
56 preferred.....
1
13
Uss Jan 2
2
Jan 2
718 Mar 28
88'4 Apr 17
8
Apr 17
26U Apr 20
127
Apr 13
39
'96
2*8 Sept
48tj Oct.
49
Jan
49
Oct
Apr 13
104
Oct
338 Sept
3*8 Sept
: 278Mar27
14
pi4 Jan 2
95
Jan 12
9
Feb 2
3318 Jan
132
Oct
31*4
Jan 26
Mar 25
•
Jan
Septi
737s June-
46«4 Jan 30
48«4 Feb 13
3J
Feb 5
Ho par
July
31*8 Sept
4
134Mar25
5% preferred.
2«8
73s
88'2
878
4
Jan 31
283* Feb
130 Mar
15*4 Jan
4D8 Feb 16
International Shoe
1957
1995
1st cons M 4 s series B
8
...,,i.-Jioo
28
2lg
73g
88'2
40
7
Feb 25
Inter Rys of Cent Am. .Ho par
2714
127
1st cons M 4*is series
100
International Salt
*8i4
*25i4
Erie Railroad Co—
15
5% conv preferred
VU2M 2'g
Elgin Jollet A East Ry 3 lis.... 1970
El Paso AS Wist 5s
1965
1
Int Nickel of Canada.-No par
2lj
19'4 Feb 18
Apr 7
53« Apr24
103
Internat'l Harvester...Ho par
Preferred
100
Int Mercantile Marine.Ho par
Internat Mln & Chem
...5
99
5s... 1995
par
100
Int Business Machines.Ho par
Int Hydro-Elec
32
Ed El 111 (N Y) 1st cons g
1
106'2
44*4
*95
74'2 Feb
5i2 Apr 21
40
•*30
Apr 21
27
157
fli2 Apr 23
Insuranshares Ctfs Inc
44 >4
1st 4s.. 1948
East Ry Minn Nor Dlv
54
Ho par
39i2
East Tcnn Va & Ga Dlv 1st 53.1956
100V Jan
21
Inspiration Cons Copper...20
40
>
934 Feb
Apr 24
Apr 1
Feb 18
75
Inland Steel Co
3*8 Jan 28
iei8 Feb 4
155
100
9i2
6
: 42
6
6U Jan
Ho
par
Jan 2"
18'4 Jan 27
Mar 25
2
2'2 Jan 2
103s Apr 21
Ho par
6% preferred.
4*8
nv
10
Ingersoll-Rand...
*1?8
2
25
25*4
*128>4 131
11*8
12<4
*51 >2
52i4
.^1950
Dul Miss & Ir Range Ry 3 lis.. 1962
par
75i4
»i«
634
4-38
39i2
l'
•Second gold 4s
i
.1995
Detroit Term ATunncl4 lis—1961
Dow Chemical deb 2 lis
;*3g
61"
....
"
Detroit A Mao 1st lien g 4s.'...1995
Indianapolis P <fe L Co.No
Indian Refining
22<4
54 :. 5414
—
321* Jan
8
133,1 Apr 20
Leased lines 4%
100
RR Sec ctfs series A... 1000
Industrial Rayon..
*155
.1936
1936
cons g 4s...
7i4
7514
1st & ref 4^8.1........
1969
1st mortgage 4Hs. j...i.-.1969
§*Consol gold 4H8..-...
10^
7«4
21
Del Power & Light Ist4^s....l971
{$*Den A RG 1st
37l|
31"
Sept
98
Sept
912 Aug
33*4 Aug
134i2 Aug
6
Jan 20
♦Gen mtge lnc 4 lis scries A.2015
♦N Y A Erie RRext Ist4s...l947
Oldo Dlv 1st mtge
3)is—1971
Jarvls (W B)
Co
...1
Jewel Tea Co Inc
4
No par
'4% preferred
100
Johns Manville
Preferred.......
1956
Fairbanks Morse deb 4s
...100
Jones A Laughlln Steel.No par
Firestone Tire A Rub 3s deb... 1961
5% pref series A.
100
5% pref series B conv..100
Joy Mfg Co
1
{♦Florida Cent A Pennin 5s.... 1943
{Florida East Coast 1st 4lis... 1959
♦1st A ref 5sscries A
...1974
♦Certificates of deposit
No par
2
Mar
2
19i2 Apr 17
95
Apr 4
33i2 Jan
507*8 Jan
5
5
Api'21
62i2Mar
1 >51, Apr
4
4
5*8 Jan
51 '2
122
9
Jan
18*8 April
55i2 Mar 311
67
81 j
31
Mar
April
8
24*4
64
797g
11
3
6
3
Jan20
Jan
Jan
Jan
...
{Fonda Johns A Glover RR—
1982
$♦ 2-4s (Proof of claim)
♦Certificates of deposit,.-
*614
*118'2
3is
*17i«
3sdebs. 1956
Sugar coll trust 6s... 1956
Food Machinery Corp
Francisco
*6i«
6*8
6*«
*6'4
18i2
3*4
18i2
*11812
312
*17i8
6i2
67«
6i2
*11812
*3i2
....
314
19
7'2
*6i2
89
71.i
las A El of Berg Co cons g 5s. .1949 J D
Jen Steel Castings
:
:
5*is w w.. 1949 J
♦Georgia A Ala Ry 5s—Oct 1 1945 j
{♦GaCaroANor 1st cxt 6s... 1934 j
*93
J
IOI4
6
j
j
*100
*
1956 J
ioodrich (B F) 1st4lis.
tiotham
D
29i4
Hosiery deb 5s ww... 1946 M S
1961
General 5 He series B
1962
General os series C—......1973
General 4 lis series D
..1976
General 4Mi8 series E...
1977
General mtge 4s series G.—1946
Gen mtge 4s series H
1946
Genmtgc3Ji8serlesI
1967
Great Northern 4 lis ser A
j
j
J
*8
*18*2
*lis4
O
8i2
*15i2
1950 A O
Gulf Mobile A Ohio 4s ser B... 1975 j
j
2015 J
J
*111
i*
Ssstpd
1952 J J
Gulf States Steel s f 4His—...1961 A 0
GulfStates Ut!13>iseer D
1969 MN
*1
♦Gen mtge lnc 5s ser A
Gulf A Ship Island RR—
19
2*4
1st A ref Term M
1234
*1734
*12*8
*181*
21
v
Hocking Vftl 1st cons g 4 JiS
1999
..1944
{§*Housatonic Ry cons g 5s. ..1937
Ilousto 11 OH 4 M 8 debs
i95i
ft 4l8
*22
Hoe (R) Co 1st mtge
1962
1049
1957
Hudson Coal 1st s f 5s ser A
Hudson Co Gas 1st g
5s
Hudson A Manhat 1st 5s A
5012
9i»
Refunding 4s
7
7
Jan
101,1 April
4«8 Jan 0
Jan 27
13'2
9 >8
8
Jan 21
'"12% Mar 18
7>4 Apr
5 105U
37'»
29i.j April
9
17
.1
7
Jan 20
Jan
3
Dec
100
6 >s
De?
Dec
Dec
Mar
Dec
Dec
934
Dec
4 >8
Dec
98i2 Feb
30 38
Dec
13i2 Feb 20
1U8 Dec
29
25
Jan
3
Dec
®
Jan
278 Feb
5
1*8
?
1*4 Jan
40i» Feb
5
23U
Feb
21
Dec
31
3 >8 Jan 19
1934 Apr 9
Mar
21
2212 Apr
;
50i2
50
8
Apr 16
2U.| April
2
17
15'2Aprlo
18*8 Ap/H
lli2 Jan
8 % Mar
227« Jan 9
314 Jan 23
27
Jan
2
29'2 Jan
5
278
Dec
Feb
i22'8 Mar
24
Feb
2-'i4 Jan
2
1
Jan
2
8'2 Jan
7
1
1734 Apr 17
1138 Apr
21
18.8 Mar 11
7
20i2 Jan 5
4
Marli
5
20
par
Mar
1112 Feb 17
30'4 Feb 18
1734Mar21
9*4 Jan 19
1878 Feb 4
23i8 Jan
9
113
lOO'sMar
5
No par
13
Jan 16
4
Jan 26
1*8 Jan 20
1414 Apr 8
21 *8 Jan
13
Mar
9
6
20l2Janl4
23*8 Jan 29
5'4Jan20
33
jan
3
100
5012 Apr 18
51
Apr 20
164i2 Apr 16
175
Jan
6
Lily Tulip Cup Corp..-No par
1684 Apr 14
19
Feb
6
Lima Locomotive Wks.No par
24
Jan
32*8 Feb
4
Link Belt Co
29
Apr 23
Series B
25
Preferred
—No par
Lion Oil Refining Co...No par
Liquid Carbonic Corp..No par
Lockheed Aircraft Corp
1
18
37*8
Loew's Inc
No par
Lone Star Cement Corp No par
3's
3>8
16U ' 16»4
117* 117g
Long Bell Lumber A ...No par
Loose-Wiles Biscuit..
25
Lorlllard (P)
Co—.--10
7% preferred
100
136
14
*65 S
conv preferred
Liggett A Myers Tobacco..25
3634
*13
_.f
Libbey Owens Fcrd Gl.No
Libby McNeill A Llbby
Life Savers Corp
4's
23i2
13
*130
Ho par
....No par
Lerner Stores Corp
10
-
'
..100
(The)
66
Louisville Gas A El A-.No
par
Louisville A Nashville—.100
3
73'2 Jan 12
7412 Jan
34
5
jan21
2 V ioi4Mar25
1218 Apr 23
i5i2 jan 3
17
April
24'2 Jan 6
37
Jan
2
4U4 Jan 27
35i2Marl3
42i2 Jan2S
278Mar27
4'4 Jan 24
15
Mar 13
18*4 Feb 6
1134 Apr 15
1514 Jan 29
9*8 Jan
128
Mar 30
Apr
9
21
15's Apr
1
1134 Apr
61
Purchased lines 3 lis .......1952
Collateral trust gold
2
1H2 Feb 5
100"2 Jan 13
10U2Mar
10
No par
22
4*8
ill6i2June
95
33
Lehman Corp (The)-Lehn A Fink Prod Corp
12>2
19
21 <8
373s
1951
.1951
1951
1951
1952
....1955
89
Apr
1134 Apr
6%
18*4
30
18
gold 3s sterling
Collateral trust gold 4s
6
253,j Apr 20
No par
4% conv preferred
100
{Lehigh Valley RR........5U
Lehigh Valley Coal
No par
13
3618
1st
.No par
Lehigh Portland Cement...25
1'8
26
A...1981
1st gold 3lis.:
Copper
Lane Bryant
2«4
*9*8
Illinois Central RR—
Extended 1st gold 3 Ji8
Kennecott
Lee Rubber A Tire
112
*12 >2
gold 4s
1
5% preferred
8>2
16*4
*29
1st
B
Lambert Co
19
*2538
.
Illinois Bell Telep 23is ser
Class
Kendall Co 55 pt pf A..No par
Laclede Gas Lt Co St Louis 100
2D2
12
5112 5H2
*164'2 169
*16*2
17U
Feb 1957
♦AdJ Income 5s
Keith-Albee-Orpheum pf._100
Kelsey Hayes Wh'l conv cl A. 1
2
17
Apr 21
16i2 Jan
7i2Mar31
120i4Mar 3
4*4 Jan 27
J
Feb
scries C
1
5% conv preferred
100
Kayser (J) A Co.——...5
10
17
2
Feb
Mar
234 Jan
J
J
3ulf Mob A Nor 1st SJisB—.1950 A
1st mtge 5s
29i2
100
5
117
J
j
„
♦Debentures ctfs B
6i4
103
4% preferred
Kaufmann Dept Stores
Kroger Grocery A Bak.No par
ctfs A..... Fob
'Green Bay A West deb
10I2
B No par
City Southern.No par
Kresge Dept Stores
Kress (S H) A Co
J
J
7U
102
Kansas
Kresge (S S) Co
j
J
7l2
89
Kan City P A L pf ser
Kinney (G R) Co
1
$5 prior prefer red... No par
j
j
18i2
Kalamazoo Stove A Furn...l0
Kimberly-Clark.
J
j
3i2
Keystone Steel A W Co. Ho par
5s.... 1942 J D
1st gu 5s
1947 j D
C ouv A Oswegatchlc 1st
C rays Point Term
6*8
....
149
Jan 30
18*4 Jan 8
76i2 Jan 26
4s ..... 1953
Refunding 5s
1955
40-year 4 lis
Cairo Bridgo gold 4s
1966
1950
Litchfield Div 1st gold 3s
1951
MacAndrews A Forbes
Omaha Dlv 1st gold 3s
129
Jan
9
V J par
28i4 Apr 17
Macy (R H) Co Inc...No par
Madison Sq Garden...No par
1734 Ap'24
Mack Trucks Inc.
1951
DlvATermg3s.-..:l951
Gold 31i8...i—
—.1951
Springfield Div 1st g 3>is_..1951
yt Louis
Western Lines 1st g 4s
10
.....100
6% preferred
Louisv Dlv A Term g 3lis... 1953
10
Magma Copper
Manatl Sugar Co..
..*.1951
1
Mandel Bros
No par
25
Manhattan Shirt
111 Cent and Chic St L A N 0—
Maracaibo Oil Exploration... 1
lli4 Api 14
2H2 API 17
27g Apr 24
5'2 Apr 23
1234 Apr 21
34 Mar 27
31*8
138
Jan
Jan
3514 Dec
2938 Sept
14?8 Aug
31
4*8
July
Dec
7»4 Aug
16'2 Sept
1*8 May
Joint Istref 5sseries A. .....1963
1st A ref 4)isserle8 C..
Ind 111 A Iowa 1st g 4s
.
.
.
.
1963
.
.
Marine Midland Corp
..1950
Market St Ry
{♦ind A Louisville 1st gu4s..t. 1956
6%
pr
5
278 Apr
pref.. 100
434 Jan
Marshall Field A Co—.No par
Ind Union Ry 3 Ha series B
1986
Inland Steel 1st mtge 3s ser F..1961
Inspiration Cons Copper 4s. ...1952
Interlake Ironoonv deb 4s...1947
Martin (Glenn L) Co..
1
3»4 Apr 17
Apr 21
No par
No par
24
1
20
Master Elec Co
7% preferred
19*8 Apr21
Martin-Parry Corp
Masonite Corp
Mathleson Alkali Wks .No par
For footnotes see page 1662.
For footnotes
see page
1661.
2
2
8'2 Apr 17
100
Mar
6
2112 Apr 15
162
Apr 20]
5<4 Jan
IU4 Jan
1778 Sept
32>4 Sept
12U
Jan
28i2
Jan
Sept
28
31U 8ept
176
Aug
THE
1658
Monday, April 27; 1942
CHRONICLE
COMMERCIAL & FINANCIAL
BOND RECORD
NEW YORK
RECORD
NEW YORK STOCK
Friday
LOW
Saturday
Monday
Apr. 18
AND
*
Apr. 21
*33I8
♦1%
*17*8
*75U
*9%
11)4
*99
35
1%
18
87
9%
11*4
*98
14%
7
*61-
*101
11 \!
0'8
*6'2
*74i2
94
6'4
75
♦66
70
*23
24
5*4
25
*22
2334
23's
*25
26
*105*4 110
2i4
*2
"
534
*22
25i2
♦112U
95%
95%
95'4
391-
39»8
39U
3914
I'
33
*1*2
17*8
*75%
9%
35%
I's
18
87
9%
1H2
l58
17*8
87
9%
10*4 *0%
*38
*18
105
14l2 ; *14
14%
7
i *617
105
-29
14%
*1%
1 *28% 29
101-
1078
,
*28%
10%
10*8
25%l?5% ;'.24 ;:;243i
*2ll2
*21V 23%
*25
261*5
512
1234
17
13
17
23%
2615%
105
14%
7
29
101104
6
93%
6%
76
66
23
5%
25
5%
12%; 12%
12%
17%-16%
12 >«
16%
*91
331-
9578
3S%
*1634
*95
9578
94% 95
39
39
331- 3378
*103
110
*107. 110
2'g
21«
2 '■$ 2
*55
64
*55 ";64
,
.
107% 10'/%
2
2
*5178
509
200
300
May Department Stores
10
Maytag Co^
No par
$3 preferred
;
No par
*'2
2*8
*1214
7134
MoCrory Stores
1
McGraw-Hill Pub Co. .No par
Mclntyre Poroupirie
McKesson &
Mines..5
61- Jan
3
28's Mar
20
No par
$6 preferred series A .No par
$5.50 prefner B w w.Afo par
5%,conv 1st
-1
......1
57g Apr 18
Apr 6
Apr 17
i.luo
.Apr 17
60
12U Feb 27
116
104
A.pr2i
$4 pref series C (st id) No par
i103
91
Apr 23
419 : Mar
16
■115
110-Xi Jan
6
....5
Mupller Braes Co.-.1
Mullin6 Mf? Co class B.i
I
Motor Wheel Corp
2*8 Jan
.Jan
:
Myers (F E) & Brd.-.-Wo pai
Plain!...
.
13's"Mar. 2
46
F, b
6l78
17*8
,
J*I»aclede Gas Lt ref A ext 5«. 1939 .4 O
RcLA ext mtge 5s. .--T-r.-1942 A O
Coll A ref 51Ah series C
.
4*8 July
74
•I
July
Coll tr 6s series A
Coll tr 6s series B.
;
Lake Erie A'Western RR—^
5*4 Nov
74i- Sept
Ai>r
Feb
112
5*8 Jan 20
•A
-'Dec
8%
,:Dcc
5112
Jan
1
■
to..1....1947 J
"Srfextfended at3%
J
3^8... 1997 J D
Lake 8h A Mich Sou g
Jan
34
F A
.l.r..1942 F A
.1.1942 F" A
Coll A ref 5lis series D.....1960
24% Dec
J
I.*
1953 F A
Certificates of deiM(sit
Jan
Nbv
-
6^s.:.-,> J:r:.:i954
t'Kreuger A Toll,5s ctte.i..—1959
Jan
109
39*8 Feb -7.
1961
...1961
Kopr»er8 Co 1st mtge 3)^8-. - -1961
Kresge Foundation 3% notes.. 1950
Aug
llM2Marll7
434 Jan 2
31
Mar 27
—
Jan
12
;
V 9% May
69*4 Jan I 6
1st A ref
Aug
Sei>t
391-
l3i Dec
v'
_._..r._.i
.;....
Kings County El LAP 6s.-..1997
Kings Co Lighting Jst 3s.l..i.'1954
43% i Jan
.
r!8«4 May
,
O«
July
A ug
*• 30'-
:
31* Jan 20
63- Feb .4
2j
-X
Dec
Sij-. Dec
;':9i2 Dec
i
4.^8 unguaranteed.-....—.1961
'A-j;. '
'V
21'8'41eo
8% Aprf2
3
Stamped.
ll3i^ Ort
.
w
I2I4 Jan 30,
25% Jan 20
$7 preferred
-....No par
Munsl.igwear 1 tic--...Wo par j lli2 Jan 7
Murphy Co (G O4
No par | 511- Apr 24
Jan 26
5% preferred..j
100 108
Murr4y Corp of America.. 10
351-
ifi--
29% Mar 25
-
22% Apr 20
50
2^4-a.Ow
:
42 >8 Mar 12
18% Apr 18
6% Jan 2
9%. Apr 2 3
Kentucky A lad Term 4 J$8-iTW61
118% Sept
-Mar ;123
Aug
1087* June
Maris
28?8 Jan 27
1987
Kentucky Centrul gold 4s.
Oct
Jan
Mar
10 ji2
iif-.i
.50
,
112
.37
Motor Products Corp..iVo par
„
117l2 Feb ,10
231-Apr 2 4
Jan 15
Montg Ward & Co Inc.Afo par
fb!(
16%
U f Out -->!
f lieu ■■L 3%
12U Dec !irl7%
94
.77 : Feb
y \~
Jan .'7
-
Ref A Impt 5s.-..l.'.....Apr
<£•.
1378 Jan 19
10
Mar26
:
Kansas City Term 1st
79% July
■3
3s„'.1950
1950
4a......I960
Kahsas City Sou 1st gold
•
Jan
41.4
,
.A
66*4 Apr 2*
LaugUUu Steel 3^81.-1961
Kanawha A Mich 1st bu g 4s.. 1990
.tl*K.C-Ft 8 A M Ry rcf g 4s-1936
•Certificates of deposit."
i...
Jan
45'2
U2
Jai26
111 1- Apr
Jones &
38% Jap
125
121.Jan 16
lsgjau
Jan
-9*8
2
2
'a Jan
■
;
Mills..!..20
Co.L—10
Morris & Essex...
.
Jan
,1778 J.uly
'
87gjApr 24
No nar
A...10O
No par
x,
Apr
30*4
671, Mar!- 4
'
f'V. 4;
..u.-.-lO
Morrell (J) & Co..
'
4212 Mar 26
'
1959
Oet
Dec
V37,
106%. Feb "16
-i3%" Jan 13
'
James Frankl A Clear 1st 4s..
aim
6<s
23!4. Jan 14
'401
-Feb 5
103i2 Jan If
2
:Jau 2
No par
July
;^29U Sent
5
Jan
9r,8 July
33*8
2
j24
..1947
1955
{*lowa Cent Ry 1st A ref 4s..1951
1
71
29% Jim is
39% Jan 16
7% Jan 14
16
1634 Apr 24
94i8 Apr 2$
351- Jan
2
$4 nreferred series C.N a var
19
>
12% Mar 12
.
«ai
•
I8I4
:Aprl5
5
$4.50preferred..
No par
Preferred series B...M) par
■
Jan
_.,..
Nov
82
.
3
57sMar23
26%Mar
24% Apr 14
4% icon v pref series B...J00
Minn M-llne Power Im.»l...l
Mohawk Carpet
.Feb
32
Mar 1{
21
.
63
Mar 24
72:
1972
5s B
Telep & Teleg deb:g-4Mb.. 1952
Debentures 5s...
8*8 Sept
109'4 Jan
.,.
..
Minn-Honey well Regu.Ao "or
$6.50 preferred
'V
Jan5
77
2
23
i.i.5
8% cum 1st pref
714 Jan 14
•7% Feb. 4
.Jan
412 Jan
s
Co......^-.5
Prod—..ATo
108
8
693i Jan 22
66
Mar 12
23 Mar28
6
1955
_
.
1st lien A ret 6 4s...
Int
15U Sept
110
1947
A B
Ref s f 6s series A..
lot Rys Cent Amer 1st
0% July
1234 Mar 23
195G
.—.--1958
Internat Paper 5s scr A
3734 Scpr
108*8 Jan 30
94
,
*lst 5s series B
•1st g 5s series C
tnternat Hydro El deb 6s...... 1944
Aug
16
;109% Nov
-25'- Jan
-Feb 28
8
9*4 .Jan 2
Apr 16
Mld-Contlnent Petroleum..1(1
Midland Steel
14i« May
6
3234 Jan 19.
104
Merch& Mln Trans Co.No par
Ml.iml CopiKtr
Jan
•107Jan
:
pref-.r..!.-.i50
Mesta Machine
14
•Adjustment Gsser A_._July 1952
Jan
Apr
28
;•-.
17'8 Jan 13
14
j
Monsanto Chemical
2434
Since
Railroad 8t Indus. Cos. [Con.)
{♦inter-GreatNor 1st 6s ser A. 1952
«ppt
278
6
108U Jan 16
Mar 31
Apr 17
|
)
-..i-160
McT-ollan Stores Co...
1
6% oonv preferred
1.100
Melville Shoe Corp..
6
Mar
Mar
;.
short
56 ®4
90%. Jan 28
10 >8 Jan
6
9
Mead Corp..
7
;Aprl4
18
10'lj ;Apr24
Robblns Inc..18
MengelCo (The)..
46% Jan
',.1% Feb .,2
88
5^% preferred
■7% preferred series
4112
Jan.l
Price
Week Ended April 24
$ 'Ver
1% Jan 5
Jan 30
100 ; 100
MoGraw Elec Co.J...
i
16
;
Corp.....*..l
6% conv ^referred
Mo-Kan-Texas RR
1041-
.24>«
*39
Range
Friday's
Rid & A sked
Highest
1
S per share
.
Apr
33
No par
McCall Corp.
*10H2 105
*104
S per share
•
S6 1st cum pref--.--Ar« par
117
9i8
Lowest
Week's
Range or
Sale
EXCHANGE
Y. STOCK
~
,34v' 24u
*211- 23
25
• *5%
*25%
5
1
31%
N.
'Year (1941)
; -
j:>
Highest
Lowest
Far
Shares
Mission Corp
9's
'*8
2*8
12172
114
*116
25«2
*34%
1%
*17-^8
*7ni4
*9%
104
*101
104 *101
*534
6'«
6
6
*5*4
92% 92i2
921- 921- *92
*6*8' 6'g
6*8
6*8
6*8
*74
75
*74
76 " *74
*66
70
*66
70
-69
231- 23i2
23 .t; 23
-23
5*1 ! 534
5*8
5'4
5'-
24
5%
2334
$ per share
$ ner share
3412
1*8
17%
88
9%
12
EXCHANGE
Friday
Apr. 24
*101
618
92i2
678
75
70
105«4 105*4 *106
110
2%
2's
2's''1 2ig
*52
61
'' 61
61
"
V.h
,
104
*53.J
92167s
*74l2
5U
*95
39*8
10%
13%
17%
95«4
39%
29
5%
*95
*61-
10%
12*4
*17
*1634
*14
2912
5'2
5U
*1634
-
*99
107s
12*8,12%
18
5U
1234
1734
5
12*4
34i2
*1%
17%
*75%
9's
117«
29i2
251$ ; 25<8
*2312
♦251-
■
14l2
7
*66
*23*2
2134
*2234
105
*14
10418 *101
*534
*9212
5*8
11%
*6'-
2929<8
10%
35»4
112
18
87
91-
35U
11".
*17*8
*75%
*9»4
11*2
105
*14
$ per share
$ per share
$ ver share
On Rasls of WSWShareLols
Last
BONDS
Range for Previous
1
Range Since Jan.
STOCKS
NEW YORK STOCK
Thursday
Apr. 23
Wednesday
Apr. 22
Tuesday
Apr. 20
r
HIGH SALE PRICES
1997 J I>
3lis registered....
r,autaro Nitrate Co Ltd—*
•iat mtge Income,reg
:
•:
-
'i
"
1..1975 Dep
Lehigh Coal A Navs f 4 lis A..l'J51 J
J
C..1951 J J
Lehigh A New Kilg Ittt 4s A.. 1965 A 0
Lehigh A N Y 1st gu g-4s—..1945 M S
Lehigh Valley Coal Co—
V 1
>"
5sstamptid...1944 ....
1st A rcf s f 5s..
i..„.1954 F A
5s stamped.1951 .-.r
Cons sink fund 4Hs ser
F A
.-..1961
1974 F A
5sstamped...
r..^.... 1074 ....
Leh Val Harbor Term gu 5s...1951 F A
Uhigh Valley N Y44is ext.!.1950 J
J
1st A ref s f 5i............1964
5s stamped
-
1st A ref s f 5s.:.:
.
.
Lehigh Valley RR—.
modified
2003 M N
registeredi- i —.... .2003
j.
4s stamped
4s
:,
iMn 8tamped modlfled-..-.20d3 Af N
4Jis:reglstered. -1 - - -v.i.2003 .
58 stam ped modified
-.2003 M N
'
Leh ValTerm Ry ext
5s.:....1051 A" 0
gu...il965 A O
f>ex A East 1st 60-yr 5«
..,.1055 J
J
Liggett A Myers Tobacco 7s... 1944 A
O
Libby McNeil A Libby 4s
5s debenture..:
Little Miami genAs scr
.
,',—>.1951 F A
A-.---1962 M W
4sJ
Long Island unified
Guar.ref gold
102J» 103Ji
U 1950 A* Q.
...1949 M S
•Long Dock Co 3Jis ext
91
........1949 M 8
7s
...1944 A U
5s debenture'..:....
—.1951 F A
Louisiana A Ark 1st 5s set A s. 1969 J
J
Louisville Gas A Elec 3lis.... 106b M ft
Bridge Co gu 4s....1946
'
97 Mi
Ji
113
LorllUrd (P) Co deb
Lou A Jeff
<
98
91 M
••4s stan4ped
97
92
4s.-..1949 M S
115
f
12 IA\
84 )i*
121
79
108 Ji
105
M 8
110
100
J00
104li!
Louisville A Nash vlIleRR—
B.:.:....200TA O
4.200314'O
—
.2003|/1 O
1st A ref 3^8 series E.'.....2003 .4 O
Unif mtge 33is'ser A ext..1950 J
J
Gulf mtge4sHer B ext.'
..I960 J J
Paducah A Meln Div 4s
1946 F A
St Louis Div 2d gold 3s"...-1980 M ft
ky-f-i I
J
A
•
•
Mob A Montg 1st g 4 lis.:.. 1045 M ft"
South Ry joint taonon 4s.... 1952 J.J
Atl Knox A Cine Div 4s.-...1055 M N
1st A ref 6s series
1st A ref 4 lis scries C
44
■
Maine Central RR 4sser
Gen mtge
A...-. 1945
44s;series A..,.11960
Mauatl Sugar 4s s f.*_..Fel( 1 1957
Manila Elec RR A Lt s f 5s. 1.1953
Manila RR (South Lines) 4s...1959
ti*Man G B A N W 1st 34s,.1941
Marlon Steam Shpvel s f 6s.
23%
23%
19%
*19
24
*18%
«
24%
19%
148
* 146*4 1491-
*110l2 112
*110l2 112
v 6%- • -6%
148
,
6%
6%
44
41%
43
41
42
11%
H%
11%
93%
*89%
Ji*M,et WSWe El (CUlc)
11%
*88%
93%
35
*30.
1%
30
*32
*8%
9
*1%
*24
*8%
Jack JLans
1
35
1%
*
'1.V ■!'.
'■
V
•
..
v' v;.'V
4s.:_—1963
63-—.—1940
{{♦Mil A No 1st ext 44s..— .1939
♦{Con ext 4 4s
.....1939
{♦Mil Spar A N W 1st gu 4s—1947
{{♦Milw A State Line 1st 34s. 1941
{♦Minn A St Louis 5s ctfs-.-..:.1934
tl*Mldof N J 1st ext
9
-
6
8 % preferred AL——.,100
OmnlbuS Corp (The)—.:
6% preferred....,—.*..100
tt
2
v
11
.
59
Jan
3 :Mar 9
11%'Mar 12
,
132
-Mar 20
3% Jan 28
,
'
13% Jan 28
142
Co.—iWo
par
J
'
4%' Jan
2
$5.50 conv 1st pref—Wo par
Outboard Marine A Mfg....5
«l
Jan
.20
Jan 24
Outlet Co..Wo par
AS'sMar 10
"
Preferred.
2
"•
■
1
V
' 2%
' 9%
140
'*43"%
Apr 17
Feb
Dec
4June
♦1st A ref
'.
gold/4s.--!-—1949
A.—-1962
♦Ref A ext 50-yr 5s ser
t
-17%
Jain
150
Jan
Int gu '38
{♦lst cons 5s....^.--—->,.1938
{♦istcons 5s gu as to Int....J938
{{♦M StP ASS M cong 48
:;
"
■
•1st A ref 6s series
-Feb
9
22% Feb
6
48
.
23% July
'
6% Jan' 9
-61
104% Jan
- 0% Sept
Mar 28
3% Dec
40%
16
45%
120
—1100
Owens-Illinois Glass Co. 12.60
2
Jan
Juiy
.
10 ,e. Jan
Dee
r.
Feb
W
Dee
51
*
9
Jan
-
13%
2f
6% Jan 12
79
•*.
Otis Steel
\; 8%.,Feb
-21% Mar 25
; Jan
2% Jan
17
Oliver Farm Elulp....Wp par
Oppenhelm Collins.w..No par
Otis Elevator^..No par
8% Jan 26
6% Mar 11
Ohio Oil Cd._.-.."..--Wo Pgr
v1'
Michigan ConsolGas
30
For footnotes see page 1661
*
^
A Sag 34s
11st gold 34s.
•'*'
1%
*24
4s...1938
CPntrai—
■
'
--1951
j..U....—-1952
Ref A impt 4 4s series C.. s. 1979
Michigan
5 :5%
*101% 103
*101% 103
*8%
8%
8%
8%
6%
5%
1947
McCrpry Stores deb 3
1955
McKesson A Robbins 3lis....l956
Metrop Ed 1st 4 4s series D.l.1968
Metrop Wat Sew,A D 54s. ...l950
43
41%
*43
—.
-iti->-.i—4:
Stamped.
{♦Market St Ry^sser A.-Apr 1940
:>■ (Stamped'mod) ext 5s—...11945
(Stamped mod)
5s
Apr
June
Dec
Mar
33% May.
10%
Jan
60% Aug
26% Jan
56%
120
♦25^year 5 4«
A.......1946
j
1949
,fist A ref §4s!serles
B:....1978
-- -
Oot
Mar
52% Dec
For footnotes see page
1662,
I
93 %
98
6
88
03!iJ
41
83
864J
)0]%:
107 Jii
16
1st A.rcf 4s series D.
'
\
101-
..
7
...
..
304
105
80
.
106>i'
83
,
Volume 155'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4067
YORK BOND
NEW
Friday
BONDS
N. Y. STOCK
;
f
-
*
•
RECORD
Last
Range or
Sale
EXCHANGE
Week Ended April 2t
NEW YORK STOCK
•'"■■Friday's
Bid
&
Asked
Price
LOW AND- HIGH SALE PRICES
sTnrirs
Range
NEW
Saturday
Monday
Apr.\IS \
Tuesday
Apr. 21
*Apr>i 0
Wednesday
Apr. 22.
Apr. 23
{♦Mo-Ill
RR 1st 5s series A..J.1959
Mo Kan & Tex 1st gold 4si
1990
YORK STOCK
Apr. 24
$ per. share
for Previous
Year (1941)
EXCHANGE
Friday
Thursday
Railroad & Indus. Cos. (Con.)
-
RECORD
Week's-
Lowest
Lowest
Highest
Highest
Shares
Missouri-Kansas-Texas RR—
Prior lien 5s series A____'__..1962
40-ycar 4s series 11..,..
?>*Cum adjust 5s
v
i47g
51»
•*17/r 181 i
1967
ser A^..Jan
*9*4-978
1.3V 15' I
JfilgG638
"
•
'
*7^71^: *711 *:7Ai
•
1962
Prior lien 4Rs series D.....1978
i
•
Missouri Pacific RRCo—
♦1st & ret 5s series A.
..1965
♦Certificates of deposit..
♦General 4s....1975
♦lst & ref 5s series F.1977
♦Certificates of deposit..
L.
4*4
,
*1719
>
12*s
7*4
25'4
15*8
5's
?18
*97s
.
13l4
J6I4
It)t9
Sent
Nov
Nov
Nov
Jan
287g Jan
1.3*8
lftlo
111 i
2312 -231? .*' 23.
23(9
*V6r>8 ,16^8 *,1«V Ift7jj
7912 7912: •• 7H14
78't
'127 •, V30,t*lJ28i4 133*4
-
40
Jan
19*4 Aug
126
Jan
163
.
Aug
♦1st A ref 5s series G...i.._1978
♦Certificates of deposit
4*8
l.
•lst-A ref
,,,
i.._.
1949
6s series H.;...1980
g
3*8
.....
♦Certificates of deposit...
§*Mo Pac 3d- 7s
10
37U, Jan
106
4% July '38
ext at
Jan
17s July
j..
Jan
16'8 Dec
115*8 Dec
Moh'k A Maione 1st gu g 48.^.1991
Monogaliela Ry 3Rsser B
Jan
19'4 Dec
♦Certificates of deposit
*lst A ref 5s series I..1981
,
Jan
9*4 Aug
♦Conv gold 5Rs
.,■<
1966
•
18
1st mtge 4 Rs.
.......I960
6 debentures..
•)
101 &
Montreal Tramways 5s ext.... 1951
3 Rs
gu
Jan
Jan
1
Jan
14'»
Montana Power 1st A ref 3R8.1966
Dec
54U Sept
89U Sept
3*4 Aug
2000
Constr M 5s series A.
Jan
30*8
20*8
1965
Klorris A Essex 1st
0(t
2
Monogahela W Penn Pub Ser—
..1955
Constr M 4Rs series B.....1955
Mountain States TAT 3Rs.-19fl8
Mutual Fuel Gas 1st gu 5s....1947
*114
:
a 1«8
.1*8
*35
106
•102
•
'
V
*3Jg JV- 40
40 •
•12Uv 1414
*12i4
*102
,
*35
40
*1214
'106
*1'8
1'!
II4
*35
-
.141)
14
106
*102
12's
*102
I»2
.
40
1214
106
204
3*8 Jan
52*4 Ju'y
1714 Aug
J 12*2 Mar
25U Apr
A
Nat Dairy Prod 3)is debs
Nat Distillers Prod 3^s
D
1960 J
67
1965 A
i
102 R
-•*
■:
20'4
19
19
*18'2
19
25
Aug
37'ii
371?
*36
37
54
Sept
69-14
,
101R 103
O
"
.
20
19*4.1934
36'; 361
20'g
**4
103 R 105R
..1949 M S
National Steel 1st mtge 3s
'20*4 "20*8
20 1
*36
Nash Chatt A St L 4s ser A...1978 F
20i2
*19
1778 H8 !
4a.....1954 MN
g
Newark Consol Gas cons-5s
-90
90/
1948 J
D
5s... 1945 J
„...1945j
"j
J
56 R
New England Tel A Tel 5s A..1952 j
n
117H
t*New England RR
♦Consol
guar
4s.
guar
*20
'
\i Ah
70
1961 M N
.
N J Junction RRguar 1st 4s...1986 F
N J Pow A Light 1st 4
120R 124R
75R
77 R
A
H».iifiI960 A Oi-
New Orleans Great Nor 5s A..1983 j
N O A N E 1st ref A Imp
107R109R
j|
82
82 R
105 >4 106 R
75R
76 R
4 Hs A 1952 J :j
New Orl Pub Ser 1st 5s ser A.. 1952 A
O
1955 J D
1st A ref 5s series B._
New Orleans Term 1st gu 4s...1953 j
•72
,
♦Certificates of deposit
1956 F A
38
48R
..1.
39
....
♦lst 41^8 series D
•
♦Certificates of deposit.......
♦lst'SHs series A.I.."
1.1954.4
1956 F A
♦Certificates of deposit
Gen gtd 4)^8-—;
-
>
39
40R
O
38
:...
Newport A Cincinnati Bdge Co—
,]
-
7 L
72ij
32*i
I 5'»
I6J9
*9719 118 I-''
♦318
: *27»4
'
*5'2
46R
*55 ■?
47,44R
51R
37g
2619
18U
ID2 May
37
37
60** July
19*4
20
38
*20t2
44
*5*8
25
2l'i
29l2
5119
72
*684
31
394
2
*D4
i
*9712 11 Sir
*318. ^378
69
105
72
30*2
2
46
'l-5'2'
*43
.271.1 27'1
i 5'2V
5'2
*58
61*2
*61tz- -621
3'«
26'2
5'2
*58
I
■<
(
-
.
'
>
;
6s debentures
'
!
N Y Connecting RR
3^8 A.:.1965'A
lst Hen A ref
3Rs
;....1965A
E
ser
25
Apr
Feb
(II.
Inn.
15;
9'
16
O
10's
10's
631?
73?8
737j
-
70
♦82rs/v84
•
>
10i2
i *6212
i *75
!*8212
*100/G 001 j
*111*8 112U
21*4
'
'
21/8
7*4
O
1966i4 O
V
1949 F A
*9*4
,
10 ;
22
7*4
9714
*Z82-V.-82*4
YGasElLtHAPowg5s..:.1948 J D
100
*93
1
827a
14
10'2
64'2
GO',s
10'4
}63
63
62
Mar
30
76'2
(75
75
,73i2Mar
7978Mar
31
30
84'4
LOO1.1
182*4
100
j 9*4 Apr
84
99
-100
*111*8 112*4 *111*8 112*4
"• 778
-
*94 V..
Purchase money gold 4s
Jan
514 Jan 13
Feb
71
13
17
Feb
17
16
42
N Y A Erie—See Erie RR
N
17
27
115
5% notes....,.'......194714 O
:irnfr
''s''*■ rts :
'
'>
NY Edison 3 Rs ser D
14R Jan 28,
10
37a Apr 14
9i2 Jan 7
714 Mar
^
N Y Deck 1stgold4svi»-.F A
Conv
1*8 Jan 20
22
6R Apr
1950 J D
u
22
I
16*8 Feb
r
1978 M
Jan
11*4 Apr
j
J
*62'4
v-
22'.|
21R
778
7'«
'
99
•
*93
8278
82*4
//9*4-- ' 9'*4
;*9*4
30
Mar
I9
24
24
92*4 Mar 11
82
Apr 1
9*8 Mar 11
111l2Mar
21
Apr
22
7*4 Apr
-7*1
95'2
82*4
;
10-
}}*NY A Greenwood Lake 58.1946 M N
N Y A Harlem gold 3 Rs
2000 M N
N Y Lack A West 4s ser A
1973 \i N
Quaker State Oil Ref Corp.
4Raseries B..............1973 mN
N YLEA
W, Dk A Impt 5S...1943 J
.
10
J
JN Y New Haven A Hartford RR—
♦Non conv.deb 4s..."
1947 M s
♦Non-convdeb3R8
1947 M s
Radio Corp of Amer...ATo par
♦Non-convdeb3Rs_.
1954 4 O
$3.50 conv lst pref..No Par
•
•
,♦Non-convdeb1956
♦Non-conv deb 4s
,
4
,
...i.,.1956 J
...1948J
♦Debenture 4s
1957 MIV
♦lst A ref 4 Rsser of 1927—1967 j
d
4% lst preferred.1
4% 2d preferred
J*N YOnt A West ref g4s.,...1992
4
♦General 4s
1955
;
NY Queens El Lt A Pow
j
Real Silk Hosiery
d
Preferred..
O
1958 j
j
N Y Steam Corp lst 3 Rs
.
\
v'"-'
.
I
"
•
.
Reo Mdtors v .tc
-1
100
..100
7% preferred
5R% preferred..
5 R% conv preferred
Reynolds Spring......
{{•Norfolk Southern RR 5s A. 1961
Norf & Western Ry lst g 4s...l9iH5
North Amer Co deb 3 Rs
1949
Roan
:......1959
2
Apr 22
3*8 Mar 9
For footnotes see page 1061
100
19
Jan
l03i2Mar
2
5
86*4 Jan 23
6*8 Jan
3
129*8Mar
3
74
Jan 20
878 Jan 5
85'4 Jan 19
478 Jan
5
27R Jan 27
21
54
Jau 27
9
Jan 15
Apr
8*4 Jan 16
6
514 Jan 20
Feb
19
8
Apr
41*8 Apr
18
19i2Mar20
10'8 Jan 27
3*4 Jan
Antelope Copper Mines.
{Rutland RR 7% pref
Apr 2 3
4U Jan 14
6*4Mar 31
7 ' Apr 22
No par
$2.50 conv preferred-No par
Apr24
3
24
23
Apr 1{
Apr 22
96»2 Jan
76*8 Apr
412 Apr
77*
i
Rustless Iron A Steel Corp.. .1
7
59
,100
Ruberold Co tThe)....No par
6
Jan
Feb
109
Rltter Dental Mtg.i_.No par
1954
9*4 Jan
48
45
-
5
2
2
6
61
10
Common
8
9
«20
Richfield Oil Corp
Apr
Apr
16'4 Feb
7'2 Feb
12R Feb
6
2
Reynolds (R J). Tob class B_ 10
.2014
For footnotes see page 1662,
<
Reynolds Metals Co...No par
Norfolk Southern Ry Co—
1st mtge 4Rs series A......1998
23'4Mar 11
Mar
15'2
6% conv preferred
100
6% conv prior pref ser A. 100
Revere Copper & Brass No par
Niagara Falls Power 3Rs.;...1966
Nlag T.ock A Ont Pow lst 5s A. 1955
15's Jan 28
2
27'2 Feb
38'4 Jan
2*4 Jan
j55
0
Niagara Share (Mo) deb 5Rs._ 1950
Debenture 3Rs
Debenture 4s..J.
-
Jan 28
ll's Jan 16
3
2
1
6'4 Apr 2 4
10i4Mar H
7*4 Mar 28
Republic Steel Corp...No par
f
NY Telephone 3 Rsser B
1967
JS*N Y West & Bost lst 4Rs_. 1946
•Gen mtge 5s conv inc
-
17
6
26*4 Feb
50
Jan
II '8 Apr
Rensselaer & Sara Rll Co..,100
..
,
lo
39
^.10
Remlngtou-Rand...
—I
Preferred with warrants..25
1963
{i *N Y 8uhq & W lst ref 5s
1937
§*2d gold 4R8
1937
{♦General gold 5s
....1940
♦Terminal lst gold 5s.
1943
2
24
5
16
9
2
I 1*8 Jan 13
...5
.........—100
Reliance Mfg Co
2
9
1112 Apr
Rels (Robt) & Co lst pref-,100
Reliable Stores Corp...No par
3Rb..1965 MJV
N Y Rys prior lien 6s stamp
_
Apr 24
3U Jan
46'2 Jan
247a Jan
20*4 Jan
50
,.50
m g
N Y A Putnam lst con gu 4s... 1993 a
5
Apr 23
2*2 Mar
15'2 Jan
8
Apr
23*4 Jan
'
J ♦Harlem R A Pt Ch lst 4s.. 1954 MAf
3'8 Jan
54'4 Feb
2
37
Raybestos Manhattan.No par
Rayonler Inc..........
1
$3 preferred;
^.25
Reading Company
,.50
j
1940 4 0
6
4714 Apr 14
:
100
6% conv preferred...
J
I ♦Collateral trust 6a. 4. .....
I
S5 preferred B......No par
Radio -Keith-Or pheum
1
1956 M N
♦Convdeb3Rs..
♦Conv deb 6s..
:
Dee
84
Jan
Aug
Mar
Dec
Dec
Feb
Dec
16
'
6
14 Feb 17
47
Jan
2
i2 Apr 22
Oct
Dec
164
.......1974 4 O
lst mtge 3 Rs extended to—1947 A
Jan
Jan
Jan
6
•
Ref 4Rsseries C.._^..i
Dec
51
/' '
lief 5Rs series A
!•
Oct
24io
3Rsregistered..........1998 V 'A
New York Chicago A St Louis—
Jan
7*4
46*2
8*4
4
Lake Shore coll gold 3RS...1998 F A
3 Rs registered
1998 F A
Mich Cent coll gold 3 Rs
1998 F A
:v■
23*2
45'4
t
i.._1997 j
Dec
July
109*4
174
^...1952 M N
3Reregistered
52
Dec
163
37^*7//
"
.
July
3i2 Jnly
Oct
Dec
fll2 Dec
O
N Y Cent A Hud River 3MS-.-19&7 j
77
46*4
Feb
64
61
O
Conv secured 3
Dec
9 /Aug
Dee
4i2
....1946 4 O
Alinpt5sNerlee C......2013 A
110 *8
27
J
Ref A Irapt 4>$sseries A....2013 A
July
12*2 Jan
8978 Sept
109*4
2*8
3'g
26'2
5'2
A
Iter
91
13
3*4
1945 J
77s Jan
47*8 Jnly
x3878
46
IS1' -16
16
*97i2 118
•3'g'' '• 319
Mar
4*4 May
5114 May
35*4 Feb
li2 Dec
*97'9ll8
''
Dec
8R May
Doc
72
64
'*14
7*8 Apr
3578 Jan
23*8
,29
51
8I9
5519
r6l2
May
27*4 Oct
Dec
5*8
5*8
7
Jan
4*4 Dee
Dec
35'8 Dec
44
29
514
*84
8"H
8'2
56*8 57l2
56'1
103 "8 103 '8 *102*8 1054
,294
5112
*43
•'■-Ifi'a :'l 6^9
21
25*8
•30'4
!
294 ,^'2a •
28V
6 i i/,i-5?2 l'.5l2
62 (
4*8
; 519
2*8 Aug
30U Jnly
55
'
"!68i4
73
;32,'<32l8
-*114',,"'2'
j *42'ir47*
: 47
-
44
*619
*li4' ' 2 !
*
2iJ
•
" ■*8V.-; 7j
*70*4
'
14
,
N Y Central RR 4s series A.. 1998 F
10-year 3?£s sec s f
41: R
48 R
45 R
11
»
{
39 R
O
..1.
♦Certificates of deposit
-
*70*4
32*8
V
37
•-
•
•
37R
34 R
.1954 4
-
,v
80
.
34
1st 5s series B.
♦Certificates of deposit
♦1st 5s series C
<
r
:
20'2
| 519
'25*8
i| • 26 - I 26l.t
.*30>8 * 31 i
*201 s" 3D
:■*, 53'9 v 53liV *52 •'
53f
812
8ig "-819 f8l2
59
60 f
*57 'V 69!
*10012 103 i *102*8 1031'
', *41*8
ti*N0Tex4 Mex n-clnc5s..li935 A .0
♦
107
105
j
^19
'21*4
257s ' 26
V *618
5I9
38*4
;19*4
414 ;. '."414 I 41,
5*8 *' 519 i'5i»
■
*5'9
"120R
*21
22
*h
184
19
*57
37
-
74 %
14
**4
•177g
1
381?
38
38'2
19*4-; 19*1 r 20> ,20l2
•V
1st gs 4 Hs series B
1
'7*2719
119R 119R
56
*36'8
,1U
18 >8
v
104R
.
}*Naugatuck RR 1st
**4
,1778
>114
20
Mar
Monday/ April 27, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
BOND RECORD
NEW YORK
RECORD
Week's
Friday
Saturday
Monday
Apr. 18
Apr. 20
Wednesday
Tuesday
Apr. 21
'■
Apr. 22 V
Y.J
STOCKS
Range Since Jan. 1
NEW YORK STOCK
LOW AND HIGH SALE PRICES
On basis of 100-SAare Lots
EXCHANGE
Thursday
Friday
Apr. 23
Range for Previous
"■
BONOS
N. Y: STOCK
Year (1941)
«•
v
Apr. 24
1
Lowest
f Ldwest
Highest
.v
Last
j
Price
Sale
.(Ended April 24
'
$ per share $ per share
Railroad & Indus. Cos. {Con.)
{Northern Ohio Ry—
♦1st gtd g 5Si...
L
■2*
10
Mi 21
2
i' %i Jan
|
{St Louis South western... 100
5% preferred.....
100
30% 30%
*106% 107%
12%
13
13
13
*80
82
26%
*113
*107%
26%
....
....
2
>
%» Dec
;,4
1% July
July
106% Apr 18
110
3
35
19% Jan
16% Feb
3
89% Jan
79 YApr.; 1
—.100
25% Apr 16 Y 36% Jan
—No par
ire
Jan
34.50 preferred
—No Mr 2112"s Apr 17
$4 preferred..
-No par 106% Jan 9 109i2Mar
j hi Jen 5 Y %«;Feb
1 Seaboard Air Line
No par
1
Jan
4-2% preferred
...100 i %»Mar ?1
10i2 Apr 23 i- 13% Jan
Seaboard Oil Co of Del.No par
3% Mar
,
2i4 Jan 12
Seagrave Corp......
.5
15
5)5% preferred
;
5
,
Sears Roebuck A Co...No par
.....1
No par
Servel Inc....
Sharon Steel Corp
Apr 24
4% Jan 2
8
Apr 14
;
6
10
5
24
»
60
6% Jan 27
Jan
54 ^
59M
69H
59 %
Ref A impt 6s series C.. i.—2047
485-g
48!%
i.,2047
108
(Minn) 1st A ref M3)5s. —1967
(Wise) 1st mtge 3)5s.__l...1964
Northwestern Teleg 4 )5s ext... 1944
59^
109&
109M 111)4
v
my* 102)4
Apr
f
49% Dec
•<.
J 4% Dec
3
Jan
,
42%
45
Northorn States Power Go—
; I>ec
-
1%
5
-
% Jan
% Dec
11% Dec
Y
45
39
Ref A impt 5s series D
y
73)5
40
.
I .Ref A impt 6s series B......2047
June
107.
28
Jan
10
Jan >2
53
35 conv preferred...No par
57
79
i
;31
Dec
•109% June
10
■
44
;
•
9
Scott Paper Co
68
r.
.12% June
■■
8>2 Apr
;12% Apr24
13 " Apr 23
5
5
Schenley Distillers Corp
1... 1997
4«, registered. i.... j.. j.
1997
Penlienry,4'ld g 3e..t.Jan 2047
3s registered_ r-. .-.
2047
.Ref A Irnpt 4)5s series A....2047
xl06% Dec
Savage Arms Corp
qZ&i
g. 68 (stamped canji
1945
North Pacific1 priorllen 4s.
Apr
3
5% preferred..
*97%
-
100
44» ;Jan
30% Apr 18
Jan
.
114
'
♦Certificates of deposit
Y;
4
,;
Asked
cellatlon of guarantee)
-
Dec
%,
,
.
6% Jan 20
^•Ist mtge
Dec
27
;
5
"4% Mar 15
7
Jan
.
%;Feb
.5-'. Jan. 2
-No par
Safeway Stores
3478 Jan 27
_•
3 j Y'% Jan 27
% Jan
-
High
121
IjOW
♦112H
....1945
..
{St Louis-San Franclsoo...l00
•.-.I
6% preferred —
100
&
North Central genA ref 5s. ..1974
Gen A ref 4 )5s series A. .v...1974
St "Joseph Lead!
,
Friday's
-•
Bid
Highest
>
$ per share
$ per share
Shares
Week
Range or
I
;
EXCHANGE
6
Dec
7%
15*Og & L Cham 1st
48% Dec
gu g 4s
Ohio Connecting Ry 1st 4s.
5
1
No par
33.50 conv prefser A.No par
Shattuck (Frank G) ...No par
Sharpe & Dohme
*54%
58%
*54%
4%
4%
4%
*33%
*33
10%
34%
10%
10%
58%
4%
34%
10%
>2%
2%
2%
2%
12%
12%
1
12%
1
25
20
20
12%
*78
*24%
*19%
*70
78
*70
78
*110
113
*110
*16
17
*16
17
*10
10%
10
10
13%
*13%
67«
1%
Silver King Coalition
25
13%
7
1%
14%
18%
*126
7%
■
1%
14%
18%
133
14%
18
*126
16
9%
1078
13%
26%
16% -16%
9%
9%
11
11%
13%
26%
14
27%
45
45
1%
*2%
*43
1%
*2%
1%
2%
13%
7
1%
15%
18%
1%
2%
60
*30
60
*18
18%
*18
18%
23%
23%
32
24%
*31%
33%
*56
2%
*36
56
57
2%
2%
*36
37
23%
32
*110
278
*86
....
*110
278
3
*86
91
....
3
91
-10
Smith A Cor Type v t c.No par
Snider Packing Corp...No par
Socony Vacuum Oil Co Inc. 15
South Am Gold & Platinum. 1
S'eastern
Greyhound Lines..5
So Porto Rico Sugar...No par
100
8% preferred
10%
Deo
Jan
;
13% Jan
26
,
.2
6
1% Mar 24
Jan
9
4s debentures
Southern Natural Gas Co.7.50
Southern Pacific Co...No par
Southern Ry
No r-ar
100
5% preferred
'■
-
Mobile A Ohio stktrctfs 100
■
Sparks Wlthington
No par
1% Apr
24
178 Jan
1
2% Jan
6
3% Feb
Ore Short Line 1st consg 5s.,
23% Apr 24 !
32
Mar 13
Oregon-Wash RR A Nav 4s.
Otis Steel 1st hitge A 4>$s...
14%
Feb
9
No par
33 conv pref A
49
Mar 16
2% Apr 14
35% Apr 18
Conv $4.50 pref
.No par
4% Jan
30% Apr 23
1
Mar 30
100 xl 10
Square D Co
5% conv preferred
Squibb (E R) & Sons..No par
34.50 preferred
No par
Standard Gas A El Co.No par
No par
.
5% Mat 25
6%Mar25
$6 cum prior pref
No par
37 cum prior pref. ..No par
1
xiO
Dec
! Dec
8
Jan
1st & ref M 3s series K.....1971 J
Feb
{♦Pac RR of Mo 1st ext g 4S..1938 F
|*2d ext gold-5s
..1938 J
Pacific Tel & Tel 3)4sser B...1966 A
Ref mtge 3)4s series C
1966 J
A
-J
May
1
2
Paducah & 111 1st s f g 4)5s...l955 j
Dec
6
Dec
Paramount Pictures4s deben,.1956 M
Pennsylvania Co—
Guar 3)5s trust ctfs C
Guar 3)5s trust ctfs
i
Indiana.r..25
20% Apr 24
Standard Oil of New Jersey.25
30% Apr 24
£6 Mar 12
2578 Apr 24
,42 y;Apr 24
Standard Oil of Ohio
.25
Starrett Co (The) L S-.No par
Sterling Products Inc
10
Stewart-Warner Corp..
5
Stokely Bros A Co Inc
1
Stone A Webster
41®
*46%
Sun Oil Co......
Class A pref (4 )5
*116% 117%
4%
*13
1%
*10%
*18%
)
100
20%
Swift International Ltd
Symington-Gould
4%
1
56%-Jan
6
:
-
i
•
313 Apr
9
"■< 4
29
6
'
5
-
...1974 F A
!
•
3
4
3% Ma.*' 6
25
<
Mar 26 1
Jan
1%
;
•
26
Conv deb
,
3)58..-......^-...1952 A' G
Mi
1960 A O
Apr
5)5s,...1974 F A
♦income 4s............Apr 1990
Peoria A Pekln Un st
83)5
,
Y^..
45
......
1st ser A 5s—1956 J J
1956 J J
C.
-.1980 M S
62)5
Phelps Dodge conv ZHb deb—.1952 J D
105)5
Pere Marquette
1st 4s series B.
19% May
62)5
1st g 4)5s series
Dee
16%
Ss.*.1.1947
87)5
98 )5
98)5
Peoria A Eastern 4s ext
Dec
16% Nov
3'. Dec
3% Dec
5
108%
Peoples Gas & A C ref
Dec
9%
;
'!■'
'
120
102
D
i.._1968J I)
Debenture g 4)58
i.1970 A O
General 4% s series D
—1081 A O
Gen jmtge 4%s series E..... 1984 J
./
Dee
12% Dec
24% Jan 28
5% Jan
>
117% June
13% Jan
19% Mar
L.
91
,
General 5s series B
Apr
3%
101 )5
101)5
General 4)5s series A....... 1965 J
•
578 Jan 14
......
J Y:;l.
1969 F A
106)5
103
3)58
4s8terlstpd dollar May 1.1948 MN
series C—1.1970 <4 O
j Consol sinking fund 4)5s
1960 F A
Dec
50
......
Gen mtge 3)58
-
4% Dec
3% Dee
.
I) .•£....
]>
Penasylvanla RR cons g 4s...1943 ,1/N
Consul gold 4s_.—1948 MN
Dec
4%
46
......
4)5sseries B...1981 J
•-
3% May
i
......
1963 F A
.1960 J D
Penna Power A Light
Dec
•
51
•
15% Jan 9
1% Jan 14
21% Apr24
19% Mar 11
Jan
16
4% Jan 27
5% Jan 5
5% Feb 21
55% Jan 9
126
Jan 3
:
17% Feb 13
'
•
—
Corp
34-% Jan
:
.
12% Apr 23
1% Apr 16
10% Apr 23
....25
Swift & Co
22%
4%
% cum) 100
Superior Steel Corp
100
Sutherland Paper Co
10
Sweets Co Of Amer (The) 12%
'*3% " 444
217»
'
Superheater Co (The)..No par
Superior Oil Corp
1
13%
1%
10%
18%
>20%
1
No par
Sunshine Mining Co..
4%
2
9
4. Apr 16
;
3% Jan 2
44
Apr 24
116% Apr 13
4
April
5% Jan
.
-
.5'
O
Pennsyl Glass Sand 3)5s
Pa Ohio & Det 1st A ref 4)5* A *77 A O
17% Mar
25% Mar
33
Feb
33
Dec
5
6
42% Jan 27
C 33% -Jan 3
3% Mar
No par
Studebaker Corp (The)
4%
49
:>
2278 Feb
,27% Jan
„
100)5
T«
1942 J
I>...... 1944 J
28-year 4s
June
8% Dec
10% Dec
r;
......
A
Guar 4s ser E trust ctfs..... 1952 4/N
Dec
% Nov
7g Dec
-
13% Jan 14
Mar 14
18
Standard Oil of
J
Pat & Passaic G & E cons 5s—1949 M S
47% Dec
108
1944.4
Parmelec Trans deb 6s..
""
3%
1955 F
1st M s f g 3s loan ctfs
Dec
3
:
h
Paramount Broadway Corp—
34% Dec
31% Feb
111:
Dec
6
88)5
......
Panhandle East P L 3s B.....1960 MN
27% Dec
27% Apr
54% Aug
6
O
100
.
Mar
17%
.
108)5
......
......
D
11%
> 19% Feb
.7 23% Mar
4)5s debentures
Standard Oil cf Calif. .No par
1)
3)4s ser H... 1961 J D
1st & ref mtge 3)5sser I....1966 J D
1st & ref mtge 3s ser J
1970 J D
1st & ref mtge
Aug
<
16%
Y 11% Jan 14
!
Pacific Gas & El 4s series G...1964 J
June
120
1946./ 1) i.....
Pacific Coast Co 1st g 5s
Feb
X13
111% Apr 20
2% Apr 22 ?
5
Jan 6
90% Apr 22 110
Jan 8
% Jan 2
7i« Jan 7
% Mar 6 ;
1% Jan 6
No par
34 preferred
49% Jan
98
1% Dec
111% Apr 20
$5 pref series A
Standard Brands
94 >4
112)4
112*4
105)4
Dec
7%
Feb 11
114
•40i| Apr> 9
No par
38% Jan
-
Jan
13
45% Jan 14
—2
Spiegel Inc
105
i -13%. Feb
31% Jan 6
37 Mar 24
60
Jan 3
1
Splcer Mfg Co...
112)4
*112
Guarstpd cons 5s
111% Dec
8
No par
Sperry Corp (The)
107)4
Oregon RR & Nav con g 4s..
Feb
60
20% Jan
107
Oct
Feb
6
*"l8 ~ Apr 17
117 H
•
No par
Spencer Kellogg & Sons No par
103
*103)4
187.
"95.
5
Spear & Co
85.50 preferred.
*102', 6
Ontario Transmission 1st 5s
Nov
22
-
109
107 K
104)4
Ontario Power N F 1st gu 5s.
Dec
1
......
108%
113
10854
107)4
104)4
Oklahoma Gas <fe Elec 3f£s.
> Dec
11%
."j
•
Southern California Edison.25
37
30%
31% *29% 30%
*110% 116
*110% 116
41% 41%
40% 40%
No par
Smith (A O) Corp...
56
2%
32%
1st mtge 3!%s-..........
'
46
*30
Apr 22
107 54
*110
1st mtge,4s
;
Deo
•»
..
Sloss Sheffield Steel A Iron.100
$6 preferred
'
Jan 20
119% Apr 23 < 28% Jan 3
80
Jan
2
Apr 16 100
110
112
Jan 28
Apr 2
I6I2 Apr 22
20%'Jan 6
9
Apr 15
13% Jan 6
17
Feb 4
13VAprl3
8% Jan 5
6% Mar 11
2
Jan 23
l%Mar 6
14
Apr 17 ;|515% Jan 16
18
Apr 21
26% Jan 26
126
144% Jan 27
Apr 2
18
20% Jan 10
Apr 2 4
911 Apr 20 >12% Jan 5
10% Apr 17 ; 13% Jan 26
18% Feb
5
12% Apr 17
25% Apr 17 ;
35% Jan 24
34% Jan 5
50%Mar24
15
Skelly Oil Co
4
Ohio Edison 1st mtge 4s
Apr
51% Feb
3%
Jan 2
4% Jan 14
Jan 29
% Apr 14
24 Mar 17
10
Siinond8 Saw A Steel—No par
133
16%
9%
11%
13%
26%
2"% Mar 28
12
No par
Slmms Petroleum
Mar
•
4
•
Mines 5
Simmons Co
113
*%
*23%
19%
Jan 15
61%
55t2 Jan 13
4% Mar 6 YJ5U
34
3H8 Apr 16
10% Apr24 >14%
.....15
Shell Union Oil
23 Y 7
1
Co.No par
Sheaffer (W A) Pen
: Apr
Pbila Bait A Wash 1st g
48.^.1943 MN
1974 F A
J
/ D
J J
M 8
J I)
General 5s series B
...
General g 4)5» series C.....1977 J
Talcott Inc (James)..
9
5)5% partic pref
50
Telautograph Corp
5
5
25
Tennessee Corp.
Texas Co (The)..
Texas Gulf Produc'g Co No par
Texas Gulf Sulphur...No par
Texas Pacific Coal A Oil...10
Texas Pacific Land Trust
Texas A Pacific Ry Co
-
-1
100
.
Mfg Co
No par
$3.60 conv pref
4
April
32>>Apr20
l%Mar 7
7% Jan 2
30% Apr 24
12 .; Apr 15
28% Apr 24
5% Mar 13
■j 4%Mar31
5
7% Jan 2
>
.No par
Thatcher
No par
The Fair
I
L.-.100
Thompson (J R)
25
Thompson Prods Inc..No par
Thompson-Starrett Co.No par
$3.50 cum preferred.No par
Tide Water Associated Oil.. 10
1% Apr 16
5% Apr 22
•
-
18% Apr
8% Jan
| 8% Jan
6
^10
II
.
:
2
,
1% Jan
21% Jan
30%
30%
8
8%
60
59%
*108% 111
103
103
30%
30%
77g
59%
60%
8
*108% 111
*103
10478
30%
-
30%
7%
7%
58%
58%
*108% 112
103
103
*10%
11
10%
69%
*78%
70
67
10%
67%
79%
78
79
Under Elliott Fisher Co No par
Union Bag A Paper——No par
Union Carbide A Carb.No par
Union El Co of Mo $5 pfNo par
Pref $4.50series
No par
Union OH of California
25
*8%
9%
24%
24%
Union Tank Car..——No par
29%
94%
29%
United Aircraft Corp..
94%
8%
Un Air Lines Transport.....5
8%
11%
11%
*106% 110
*39
*16%
5% conv pref
5
—.100
United Biscuit Co...—No v,ar
5% preferred
24% Apr 20
27% Apr 24
89
Apr 17
100
391®
United Carbon Co
18
t
Unlted-CarrFast Corp.No par
•a
*3!
13%
13%
For footnotes see page 1661
United
Corporation...No par
$3 preferred..
No par
,
;
778 Apr 17
9<8Mar 10
104% Mar 24
37% Jan
t
2
17% Jan
No par
60% Sept
•
Jan
7
U
9% Mar
95% Aug
v
:
7
7 si Jan 2
12% Apr 14 i
60 ,Dec
Feb
?. .9% Jan
X:i, 5
May
>
'
6
384 Jan 29
4-
i
16% May
84 Dec
[16
40-% Feb
16% Jan 15
Dec
r
Feb
4% Deo
.
t
.27 % Dec
r
••i>
4:
7 ': Dec
60
Feb
.
Jan
106% Dec
:11% Dec
57i2 Dec
xlll%
.
73.
>"■
•
.i...
•
.....
v 8 %■
......
J
98)5
:
.
-1942 MN
1945 MN
Series E B)5s guar gold
1949 F A
Series F 4s guar gold.,
1953 J D
Series G 4s guari
1957 MN
8eries H cons guar 4s
..I960 F A
Series 1 cons 4Hn.-.
1963 F A
Series J cons guar 4 )5s... ..1964 M N
Gen mtge 5s series A
-.1970 J D
Gen mtge 5s series B
..1975 A O
Geh.4)5sseries C-.-.--i-.-1977 J • J
Series D 4s guar...
Dec
.
-
Sept
Jan
Jan
:
75 5
.
Jan
Aug
Jan
Jan
'7% Sept
;11% Aug
<
9% Sept
>; 24
Deo
i1 I84 July
> 27% Sept
9% Jan
<
conv.4)$s A-1952 U 6
4)5s
1.1950 J V
J D
MN
J D
A O
A 0
Pitts,Y A Ash 1st 4s ser A....1948 J D
1st gen 6s series B-.-.——1962 F A
1st gen 5s series C
.---1974 J D
Pitts Coke & Iron
Y
.
102)51022%!
......
......
*105)5
.....
107
*109)5
112
110
1 lo
110
*110
118)5
118)5
106)5
118)5
118)5
106)5
106)5
loi
101
4)5s series B......1950
Pitts Va A Char 1st 4s guar.c. 1943
Pitts AW Va 1st 4)5s ser A...1958
1st mtge 4)5s series B......1969
1st mtge 4 %b series C
1960
-
•
-
»
1st 4)5sseries
Port
D.-.1977 J D
Geri Eleo 1st 4>5sii;i 1^11960 M.«
....1950 J
Potomac El Pow 1st M 3%s.i. 1966 J
Pressed Steel Car deb 6s
..1951 J
1st 5s
extended to
v
-
Reading Co Jersey
Cent coll 48.1951
8% Dec
Remington Rand
deb 3)5s ——1956
15
Dec
,
Dec
;»u Dec
13%
Dec
.
.
J
J
J
■
6161%
Republic Steel Corp 4 )5s ser B. 1961
Pur mon 1st M conv 5)5s_..1954
Gen mtge 4)5s
series C-
—
.1956
106)5
*100%
97)5
97 h
"60)5
H8)5
H8)5
106)5
.......
......
*107
......
82%
......
92
101
V
98)5
97)5
62M
62
Y-
♦119)5
*101
107
101)5
61)5
61
00)5 .60)5
i"v;: >>■:
series A-.-1997
series B—...1997
;
.
......
Gen A ref 4)5s
35
.
{♦Providence Sec guar deb 4s.. 1957 MN
{♦Providence Term 1st 4s
1956 M.S ...i..
Public Service El A Gas 3%s..l968 J
J
1st A ref mtge 5s....
-2037 J. -J
i> 1st A ref mtge 8Si...«..i..^2037 J D
Public.Service of Nor 111 3)5s.l968 A 0 Yi--Purity Bakeries s f deb 5s.....1948 J J
104
Gen A ref 4)5s
108% Dec
.
y.
1st mtge
9;k- Dec
24% Dec
28% Dec
.
Pitts Steel 1st mtge
9% May
.
Y.
Series C 4)5»guar
•
00%
......
....
debs......1951 /
Pittsburgh Cine Chi A St Louis—
.
.
9% Jan-27
22% Jan 27
3%-Jan 13
24
6
5
28
21
5
19
26
88 Jan 5
7
,
6
Phillips Petrol 1)53
.
,
27% Feb ; 35%
•3784 Dec "61%
4
Dec
5%
8% Dec ;■ 17>4
67g Mar
107$
.) :• % Deo
21'
•
♦Certificates of deposit
10815
v997| *Deo
■
2
30
Feb
y36% Jan
104% Jan
1178 Jan
11% Apr
112 Mar
4278 Jan
20 . Feb
Jan
General 4 )5s series D
t*Phila A Read C A I ref 5s...1973 J J
f
♦Coo v deb 68.-i.--..
1949 MS
{{♦Philippine Ry 1st s f 4s
1937 J J
-Aug
4%
6
Jan
34
Jan
- > 1% Jan
18 1 Jan
a 1178 Deo
3% June
24% Nov
% Dec
2
Jan 19
Feb
40
Jan
Dec
1%
&.-.1981
Philadelphia Co coll tr 4%s.l..l961
Phlla Electric 1st A ref 3)5s...l967
1st A ref mtge 2%s
1971
>
5% July
3% Dec
9
5
6
6
2
108
Jan 6
13% Jan29
63% Jan 2
77% Feb 5
75
Apr 13 >81% Feb 6
9
Mar 21 > 11% Jan 30
Union Prem Food Stores Inc.l
May
30
100%Mnr24
-10% Apr21
......100
Dec
38
7
2878 Jan 2
33% Jan 20
77« Apr 17 k
914 Jan 5
58% Apr 17
7484 Jan 3
108% Apr 4 112% Jan 12
Union Pacific RR Co.—.100
4% preferred
2 1
2
2 ;
6% Apr 23
1
June
2
10% Jan
44% Sept
4% Sept
67% Mar
6
—100
Dec
32
»
12% Mar 17
1
Feb
19% Jan
$1.50 preferred......No par
Twin Coach Co
■
3
Feb 18
Twin City Rapid Tran.No par
7% preferred...
10% Feb
3
7% Jan
20th Cen Fox Film CorpNo par
43% Jan
> 4% Jan
July
5
5
5
10% Jan 13
10% Feb 5
Deo
May-;
Sept
July
6% Aug
14
684 Dec
Jan 20
Jan
Feb
3%
Jan 12
34% Jan
•
61% Jan
—.No par
Jan
Dec
Feb
46i8
Y2/.i Deo Y*«4%
'■) 30% Dec 1 3878
5% Mar
784
Feb 27
95% Jan
% Mar 14
1
Truax-Traer Corp.....No par
K
i
Mar 28
28% Apr 17
34% Apr 17
4
Jan 28
-8
Mar 25
—
Truscon Steel Co—
2
4%
34%
3%
6%
27%
r,
34%
llu Feb
8% Apr 23
85
$4.50 conv pref..;—No par
Timken Detroit Axle. —
10
Timken Roller Bearing.No par
Transamerica Corp
2
Transcont'l A West Air Inc—5
Transue A Williams St'l No par
$6 preferred
23
u32Mar 27
>1
Trl-Contlnental Corp
7
> 5% Nov
38% Aug
3% Jan
9% Sept
Dec
6
11% Feb 24
9% Jan 21
41% Jan 20
3 MarlO
50
Jan 28
2
30
10
$3 div conv preferred
Third Avenue Ry
1%
3478 Janl4
6% Jan 6
6
Jan 16
.
3% Apr 16,
Jan 2 ,
....1
Tbermoid Co..
Jan
3% May
27
Dec
32>4 -Feb. 2
2% Jan 3
9% jun 16
39% Jan 6
3 ,jan 27-
38% Mar 27
2% Feb 2
41
_..10u
Preferred
6% Jan
4% Feb 25
.
•
—
120
.....
106)5 106)5
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4067
•
NEW YORK STOCK
NEW YORK BOND RECORD
Friday
t'j '•»
<
STOCK
V
V.:v
bonds
N. Y.
*
Last
Price
U
♦1st
con
Low
♦45—
•*
4s.:193!) J
J
48
O
^"v19%
••••'•
Roch Gas & 101 4%s ser D-'..: 1977 M S
Gen mtge 3%s series H..:.:I967 M. S
•
♦129%
Gen mtge 3%s series I.....1967
*Gen mtge 3%s series J._>..1969
{i*RI Ark & 'Louis 1st 4%8__ 1934
{♦Rut-Canadian 4s stpd1949
*101H
♦106%
%
M S
m S
m S
J-
High
■
♦98%'- lOOVfi-
A coll trust 4s A >'..1949 .4
g
fj0w
Since
i Saturday
Jan. 1
'
•
60
Low ' • High
-
98
50%
;J
:50
:
-12^23%
-v.r-
14%
13%
';10%
$ per share
2
4
Wednesday |
(V Apr, 22
STOCKS
Thursday
Range Since Jan. 1
On Basis of 100-Share Lots
|
Lowest
Apr. 24
Apr. 23
Shares
'J1
•<
••./fi/.vftPar
'|..4®4*
500
1214
200
United Dye wood Corp
i Preferred....
>351,
381,
40
T4.1«
*$8
29
i
".4
97%
;>• 4
97%- 97lo
I 13*8,11338
2,200
30
551S
United
United
'8,300
i 4
97%:
4%
Us
36%
Electric Coal CoSi..^5 Vi 37g
Eng A Fdy.......—6
28'8
Fruit Co....No par
52%
Gas Improv't.-No par
37„
United
500
4,600
United
55*4
.
1,000
*13% £3%
55 preferred iv—
■t
10
100
.No par
700
United Mer AManuInovtc.l
600
J
nt'-
•
1
s
-.'**■»
ohi"
■6%
United Paperboard
30
'
St Jos A Grand Island l&t 4s—1947 J
J
St Lawr A Adir 1st g 5s.:.t.'1996 J
2d gold -0s : i ; -.-.••J1996 A
St Louis .Iron Mtn A Southern—-1
'
J
O
'
♦fRIV
A G Div ISt g 4s..
A
*
USA Foreign8ecur_..No par
56 1st preferred.....No par
US Dlstrlb Corpconv pref. 100
tr-s
Freight Co.
No par
U S Gypsum Co..........20
7% preferred
L.....100
9544 v. 95%
♦107>f'*'lor5f
vmt! 5814
Apr 15
Apr 21
i
U S Hoffman Macti Corp
U 8 Leather Co
>
5
Mar 27
Apr 14
35
Feb
72%
5%
106%
15%
4%
3%
Jan
Mar
7
Apr 22
♦Certificates
I Prior
72h
48%
2514
13% Mar
6
Mar 10
54
.60
113% Mar 30
102
100'ji
100'ia
Feb
43
Apr
33% Aug
2%
5
Dec
4% Aug
June
5%
Apr
4
54%
20%
Dec
3 17b
Aug
30
2
25%
Dec
34%
Feb
24% Jan 25
i l
Mar 11
18%
Apr
%
Dec
Feb
16
Apr 17
17% Jan 14
72% Jan 16
51% Jan 14
10% Sept
105
Feb
71
13%
24
:
Jan 19
Oct
26
Sept
2% July
1
ioii
,m
$6 conv preferred. ...No par
2H- 4
714 12 M
10114 10314
9914 lOO'is
39% Apr 14
14% Jan
10H
41% Apr 23
Apr24
5212 Jan
150% Jan
6
6
.....100
142
148
8% preferred
Apr
4
70% Jan
Jan 21
Apr
Jan
Jan
Dec
Jan
•
Mar £50% Nov
% Dec '
1% Jan
Tu Dec
1% Jan
42% Dec
62
Sept
12
May
16% Jan
137s Nov
64
Sept
140
May
157
Jan
133
Jan 163
Oct
Dec
130
33%
42
-■■■
1
159
65%
76%
Dec
19%
5
Universal Pictures 1st pref. 100
103% Sept
Dec
'
105%
7
Jan
28% Sept
Dec
47*
"u Jan 19
44
Feb 9
13% Mar 28
■
1
Dec
;
43% Dec
" 69
5
Jan
46% Jan 14
58
«
55% Jan 3
119% Jan 13
Universal-Cycions Steel Corp 1
Universal Leaf Tob_. .No par
8314
.
-
,
?
ioij'uioiii
♦12314
124
{Seaboard Air Line Ry—
f *lst g 4s unstamped
1950 .4 O
i*4sg stamped
1950 4 O
♦Adjustment 5s.......Oct 1949 F A
i♦Refunding4s.li......
19511 A 0
125
17 H
14
t
of deposit
lfn Jan 30
100
6
3
2
24% Jan 7
115% Jan 30
4178 Jan 6
*22
23%
*23
237g
16
16%
*15%}
16%
Vanadium Corp of Am.No par
834
834
Van Norman Mach Tool..2.50
■
0
9
*21
114
30%
*50
27
A
I
21%
*U3
*21
Preferred
2078 Jan
ll%Mar
.....100
7% 1st preferred
114
29% Feb
--5
Van Raalte Co Inc..
21%
•
*113
-30%
♦56%
15
..No par
VadscoSalps
10K '17 H
....'1214,
414
914
4
8
514 11'
5'4 10 Vs
,
S
<*Certlflcate8 of deposit-...-..
{|*Atl A Birtn 1st gu 4a...1933 M A
♦6s Series B certificates.....1935 F
Jan
9% June
25% Feb
United Stores class A———.5
102
J
All Fla6s A ctfs...1935 F
Jan
183
Feb
20
July
69%
Apr
47g
Jan
13
>
Dec
33
378 Jan 20
39% Mar 27
"u Apr 16
% Apr 15
7% preferred....——.25
United Stockyards Corp. ...1
0
{♦Seaboard
Feb
170
10 >8 Jan 2 4
111
Feb
7
2
37% Apr 17
59
Apr 23
46
Apr 2 4
U S Tobacco Co... ...No par
y'-v!;
St Paul Union Depot 3%s B... 1971 A
S A A Ar Pass 1st gu g 4s
1943 7
1945 M
Preferred...:....-
27
'
*2%
San Antonio Pub Serv 3%s...1970 M S
Santa Fe Pres A Phen 1st 5s...1942 M S
Scioto V A N E 1st gu 4S.....1989 M N
Doc
37%
5
Jan
14% Nov
4% Sept
4
July
93% Oct
19
July
7%-Deo
•
3978 Mar 28
34% Jan 27
,
Dec
9%
•
117
Apr
83
Jan
Dec
,
10%
2% Dec
-
-
'
♦78*4
6s series A
par
U 8 Steel Corpi
...Aro par
> Preforred...:—.1
100
84;
71%
47 h
J
45 ref g fis series A.-..1990 J? if
cons
20% Mar 23
<<k Apr 17
—.1
•
7
Jan
Dec
2%
6% Jan 14
Apr 23
i
-79 %
J
A
♦1st
Jan
27
U S Smelting Ref A Mln__.50
D
?
Jan 20
99
23
US Rubber Co
10
i 8% 1st preferred...—.-.100
fit Paul A Ddlutb lst con g 48.1968 /
{♦St Paul EGrTrk 1st 4%s...1947 J
{|*St P A K C 8h L gu 4%s..1941 F
■,
172
5% July
42
yy.'5
'
5
•1st 4s bond ctfs1989 M n
♦2d 4s lnc bond ctfs....Nov 1989 J
J
♦Certificates
2
Jan
preferred—.i.....100
{U S Realty A Impt...No
of deposit-.-..'.-'-: -it.'.
f *lHt term & unifying 5s....1952 J
7
4%
11% Jan 26
48% Mar 4
34%, Jan 30
25
Apr 24
2% Jan 2
U S Plywood Corp
{St Louis-South western Ry—
*060
April
4% Apr 23
Apr
May v} 79
-
8%
Feb 25
0%Sept
3% Sept
51
Nov
100% Dec
Feb 27
Jan 6
Apr
>
30 ,i Dec
-
J
depositstaraped.iii.1^ iU.';
•
par
164
3%
-
y 60
share
per
>27gJu ne
1% Dec
-
5
23
Highest
share $
20% May
3
Jan 16
Jan 17
Jan 30
87
Apr 17
Apr 20
U S Playing Card Co..:...10
♦Con M 4%sseries A-^.>..:.1978 M S
♦Ctfa of
-
Mar 12
U S Pipe A Foundry.....^.20
;
series B..1950 J
l.'.No
Partlc A convcl A...No par
»
t*St L-SanFr'pr lien 4s A.-..1950 J J
♦Certificates of deposit---♦Prior Hen 5s
5
5%% conv preferred..—.50
U 8 Industrial Alcohol.lVo par
.1938 M n
.
8
i-
Jan 10
2% Apr 17
77% Apr 9
17
Jan 7
42
>
2% Jan 10
50
93% Mar 27
12% Apr 23
3
5 per
6% Jan 28
Apr 17
Mar 11
'
♦Certificates of deposit.
I.I.;:.i
t St L Peor A N Wist gu 5s_:l918 J
j
StLPubServ 1st mtge5s-_._:1959 M S
St L Rocky Mt & R
5crstpd...l955 J
—
7..10
200
800
:
I
Baguenay Pow Ltd 1st M 4 %S.1966 .4 0
i
8...
^
■
(1941)
Lowest
S per share <
•
{^♦Rutland BR 4%p stpd....*. 1941 J J
Year
Highest
5 per share
United Drug Inc.....5
*1%
'
Range for Previous
V EXCHANGE
Friday
I
;4%
38
♦5614- 36
m
J
458,
2!)
,
i
16
•
Apr. 21 j
•
4%
1
109% 109%
106 % 107 '
-----
♦36,-
Tuesdayf
Apr. 20
share
*1%
I
109% 109%
V
per
<484
*
^39^/51 %
2-1%131
Monday i\
,
Apr. 18
t
100%
39 /'
-
and high sale prices
NEW YORK STOCK
Range
or '
Friday's '
<fc
Ashed
Bid
?
Railroad & Indus. Cos. (Con.)
Revere Copper A Brass 3%s.--1960 M N
ti*Rlo Grande Juno 1st gu 5s L1939 J- d
{|*Rlo Grande West 1st
") .Range
'■Sale
EXCHANGE
Week Ended April 24
RECORD
Week's
"
5
32
Vlck Chemical Co
60
*30%
*50* "
60
Vlcks Shreve & Pac Ry—.IUO
65-
*56%
65
»
6% preferred...——100
65
Jan 19
A
Shell Union Oil 2%s debs
1954 J
J
19617
J
1%
{|*Si!esia»-Am Corp coll tr 7s. 1941 F A
27%
2%ss f debs
Simmons Co deb 4s
1952 .4
21%
O
113
113
*14%
18
*14i->
South A Nor Ala RR gu 5s
South Bell Tel A Tel 3%8
Southern Colo Power 6s A
•
f.iv'--'*'
vx' V-'
27
*28
28%
*28
*84t2
91 %
*84%
I
7
*120
J
135
8%
•; j;
8%
22%
-
22%
-
Preferred
133
...—100
Vultee Aircraft Ino
8%
*22
.No par
5% pf 100
Virginian Ry Co...
—25
6% preferred
25
Vulcan Detinniug Co
-100
91%
8-%
-
—I
§1.25 preferred—..No par.
22%
Jan
1
2
22% Jan 8
111% Apr 23
Va Iron Coal & Coke
28%
*120
20% Apr23
.5
No par
Va El & Pow $6 pref.
26%
,
Chern
6% div partlc preferred. 100
18
*25%
O
O
1947
"• '.j
•'•••";
•
Southern Pacific Co—
4s (Cent
*25%
1963 A
1962 A
...1979 J
Va-Carolina
*112% 115
Skelly Oil 3s debs....
1950 F A
Socony-Vftcuum Oil 3s debs.. .1964 J 7
3s debentures
Victor Chemical Works s'i
21 %• *21
"-22 '•
1%
1%
1%
29%
29%
30
25% Jan 19
2% Jan 19
30
Apr 22
14
Jan
3
115% Feb 25
19
Jan 2)
25
Apr 24
31% Jan 20
27%Mar 31
90
Jan 15
120
ivlarll
8% Apr 14
21
Apr 24
29% Jan
7
96% Mar
5
138
Jan
9
10% Mar 25
25
Apr
1
■
Paccoll).
....1949 7 D
4s registered ...i
.....1949
1st 4%s (Oregon Lines) A... 1977 m S
Gold 4 %8
Gold 4%S.L....
>
i.L
1968 m H
v,
6%
15%
1969 m N
Gold 4 %B._
1981 M N
10-ycar secured 3%s...'....1946 J
San Fran Term 1st 4s
■'
'
1950 .4
J
Dcvcl A gen 6s
'...—...1956 A
Devel A gen 6%s_.'—
Mem Div 1st g 5S
"'
1956 A
Feb
2%, Dec
£12%
7
y
%
13%
O
2%
Feb
O
.....1996 J
d
6%
Dec
77
Jan
Dec
J
So'western Bell Tel 3%s B....1964 J
1st & ref 3s series C
....1968 J
Apr
53
7
..1951 7
Jan
1% June
26% Sept
Dec
O
Apr
Jan
Jan
36
Sept
15% Sept
6% Sept
25% May
*!
Southern Ry 1st cons g 5s.—.1994 J
Devel A gen 4s series A
ir.W+t 1956 A
•
Dec
8
O
South Pac RR 1st ref guar 48. .1955 7
'.V
9%
22%
105%
6%
Dec
Dec
96% June
7
;
St Louis Div 1st g 4s
Stand Oil of Calif 2%s debs...1966 F
A
*21%
*34%
14%
Standard Oil N J deb 3s.
1961 J
D
*12
2*4 debenture..
.....1953 j
Studcbaker Corp conv deb 6S..1945 j
j
12
J
*1%
♦Spokane Intemat 1st
g
7
4%s.2013 Apr
Superior Oil 3%s dobs
Swift & Co 2%8 debs
-
*40%
*58%
Texas Company
3s deb.
1959 a
13%
2%
4%
O
3s debentures.. .L.—.y.... 1965 m N
Texas & N O con gold 5s..
1943 j
j
Texas & Pacific 1st gold 53
2000 j d
Gen & ref 5s series B...
1977 ,4
1979 <4
re
5s series C
Gen & ref 5s series d
88
57
46
99% Dec
89
Nov,
Tol W V & Ohio 4s series C.
—
1942 M
Toronto Ham & Buff 1st g4s__ 1946 J
15
104%
15%
Apr
!*2%
*4%
2%
1%
Dec
5%
4-8
Dec
*%6
25%
9
July
.16"
15%
Feb
l%May
>18%
Feb
31% Nov
15
25%
16
Dec
24% July
16
66%
120%
26
26
*61
•
*22%
231,
22
*61
62l">
*61
2,
*40
-
Union Oil of CaUf 6sseries A.
3s debentures., .i'.
,
97%
4%
*100
108% 111
34-year SHs deb........-
96%' 99
'
35-year 3%s deb:..
Ref mtge 3
ser A——»
United Biscuit 3^sdebs_...
United "Cigar-Whelan sta 5s
69
.
1
■■h
:
85
Dec
100
Jan
;
21%
92
22
21%
Apr
30% July
*61
63
Dec
*13%
14%
58%
10%
76
Jan !
15% July j
13
13%
>
14%
13%
3%
*1%
2
10%
2-%
3%
2%
3%
*40
51
16%
*15%
17
*1%
*1%
5%
1%
1 ®4
5%
4%
1%
2%
4l
•
4%
61
23%
*100
*19%
114
-
58%
1%
*19%
21
97%
50%
58t2
87%
85%
43%
•
>
|
,
V
2% May i
2% Jan ,
6% Dec
v-7
51
*48
*81
86
*81
Nov
i
16
Dec
Mar
147
Aug ;
Jan
130
July
1
73% Aug
75-% Aug
?
85
47%
43%
Dec
86
86
Dec
50%
50
87%
Sept i
33% Jan j
34%- Jan t
25% July ;
Apr
122
50%
*48
Sept 4
.
77
115
98
Dec
80
j
July
•
>
Jan
,
^.May
Nov
l.OOs.l:::.i.^i-May
Yale & Towne Mfg Co
-
-
25
Yellow Truck & Coach
•
"•' 1:125s
--'.1: i ...Nov
1.25s".. '
May
cl B..1
*
Preferred.
:100
Wire—No par
No par
5%% preferred series A. 100
Youngst'n Steel Door. .No par
1.3753..;....^.... Nov
Young Spring &
1.50S:..:..........May
*
Apr
109% Oct
19% Dec
23,g Dec
21
50%
*48
Apr
4% Dec
60% Dec
114
*100-
Dec
3%
1%
5%
4%
Dec
1%
22% • 23%
22% 23
23%
15
15
15%
15% ;> 15% 16%
*110t4 139% *110% 139% *110% 139%
*100% 129% *100% 126% *100' 126%
50
*4750% >*47"49% *47
231s
*100% 130 '
'104%,1'05»\
-60
114
-
5
4
4%
59
17% Jan
8% July i.
5% Jan 5
54% June i
26% July
Dec
Feb
18%
1%
1%
5
4%
58%
*19% -21
15%
*11q% 130
| 87%
60-
*100-
-
21a
•
- -
4%
.
Jan
Dec ;
Dec
%. •;V,
,875s
"
July
*82%
51
*40-
16%
;■] 15%
75%
9L.
23%
*49
UNJUR& Canal gen 4s...
United States steel Corp—
112
65
,Aug
50
Aug
46%
51
>
Apr
Apr
60
*1%
115
*19%
.
96% 99
103% 105%
105% 107 :
United Drug Co (Del) 5s:.:
.75s..
.
*60
;
1st & land grant 4s..-
Serial debentures
*40-
*16
2
-
•
:
,
105
50
27
3%
10 H
,90K
1
2
105
*26
27%
■
34% Jan
36% July
*48%
*104
*13%
13%
3%
*3
IOOIuIOD'M
09,% 102%
3s debentures
Union Pacific RR—r 5
50
*15%- 17-
-14%
14
*13%
Mar
ttlti
6
{S^Unlon'Elec Ry (Cbic) 5s..
%* 13%
Jan
141
22%
64
*84
3%
105
92 '
♦48%
92
13%
Oct
Dec
27% June
24%
28
*84
15
71
118
64%
118
118
*23%
105
-
50
*1%
108
*26
*481,
*3
Union Elec Co of Mo 3^8,..
26
1041*. 1041, *104
62%
•
>♦1334
j
-
63%
65%- 66%
120% 120%
*24i,i
25
22%
22%
s
25
,25
92
•*84
% 13%
V
Dec
7ji
%
25%
25%
Jan
Jan
Jan
117% Jan
J 20% July
107
Oct
29% July
4% July
Dec
13%
66
*25%
d
-
106%
115
107%
Mar
13%
20%
Trenton G & 121 1st g 5s.......1949 M S
Tri-Cont Corp 5s conv deb A..1953 j
"
Dec
112
103% 104%
*104% 104%
50
50
Tol & Ohio Cent ret A impt3^sl960 J D
Tol St Lctlls & West 1st 4s....1950 .4 O
A:
40%
Feb
25% July
74% Jan
65% Mar
4514
:1
r.
80
Feb
64
120% *119
*25.
♦AdJ Income 5s
..Jan 1960 a O
|*ThlrdAveRR lstg5a.—1937 / J
.
Dec
57
-
66%
*65%
*119
Tex Pac Mo Pac Ter 5 !^s A—1964 M S
Third Ave Ry 1st ref 4s
1960 ./
j
'
Dec
80
40%
-59%
'
d
Dec
1%
O
1980./
4%
O
Gen &
10%
Oct
Sept
23% Jan
17% July
20% Jan
4% Jan
16% Mar
*60%
*13%
14
1*2%
2%
f
*4%
5%
*'l»
'%
j 24
25%
15%
15%
14
2%
-
10%
*13%; 14%
*13%. 14%
*100% 104% *100% 104% *100% 104%
j
Ret & impt mtge 3%s ser B. 1974 j
j
Texarkana & Ft S gu 5J^s A...1950 f a
38
6
16%
16%
45%
46%
104% 104%
*13%
14%
104% 104%
a
40
59-
47
21%
Feb
Dec
130
*81
16%
64
'
Feb
14
12%
13
'' 2
1*1%
40
42%
60
*45
12%
*12%
2-
1% July
25
r
23
*34%-36
*14% 15%
130
*60
j
*21
12-
<16
If N
Tenn Coal Iron & RR gen 5s.. 1951 j
Terra Assn St L 1st cons 53..—1944 F
Gen refund s f g 4s
1
1953 j
23 :
36
14%
12%.
*81
..1956 MiV
196i
Dec
%
Youngstown S &T
"t 1.625s_Nov
1.75s....May
"
1.80s...'....
15% Jan 2
10% Apr 17
111% Jan
5
Apr
3
23
30% Apr 24
78
Jan 12
8% Apr 23
...Nov
'
1.85s—.May
10%
1%
For lootnoies
-
see
page
j
662
10%
1%I
10%-10%
*1%
1%
10%
*134
10%
17„
10%
*134
*Bidand asked prices: no sales on this day,
\ Called for redemption.
*-
"
r
10%
178
-
t
10%
x%
10%
1%
*10
*1%
1,500
2,900
oDef. delivery.
{ In receivership.-
'
10t,
2
"*
Zenith Radio Corp
Zonlte Products Corp
•
n
NO pan
U
8% Feb 19
1% Apr 23
Ne«v atook.- — :..rCaso sale..,
s
12%Mar30
2% Jan 2b
-
15% Apr
8
Dec
1% Apr'
Sjeclal sales.-■~-x Ex-dlv,~
o'g Oct
y
Ex-rlghts.
CHRONICLE
THE COMMERCIAL & FINANCIAL
1662
Monday, April 27, 1942
-
,
...
.
NEW YORK BOND RECORD
Week's
Last
Range or
Range
Since
riday's
STOCK EXCHANGE
N. Y.
Week Ended April 24
Low
Railroad & Indus. Cos. (Con.)
(Con.)—
Serial debentures (Concluded)—
1.95s
...May 1 1948
2.00s
Nov
1 1948
2.05s
May 1 1949
2.10s
Nov
1 1949
2.15s
...May 1 1950
2.20s
Nov
1 1950
2.25s.
May 1 1951
Jan.
Asked
&
BONDS
|
I
V'..♦1st Hen g term 4s
i
*100%
101
100%
101
101
100%
*100%
♦100%
M
ioi
ioi
M
*100%
MN
100%
100% 101%
100
100
101
—
Bid : tfc ■-Asked
Low
♦Det & Chic Ext 1st 5s—
i
♦Ctfs of dep (reorg
100%
101%
♦Des Moines Div 1st
Railroad
*5$ assented.....
[Western Union Teleg g
j
Registered
1953
2.50s
1953
2.55S..L.—.U-.May 1 1954
2,003........
Nov 1 1954
2.65s
May 1 1955
United Stockyards 4%s w W..1951
Utah Lt & Trac 1st & ref 5s.... 1944
Utah Power & Light 1st 5s
1944
MN
102
....May
Nov
2.45s
100%
♦Ctfs of dep (reorg
(assented)
*01(5 of deposit
1978
6s debentures..
J
{♦Wor & Conn East 1st 4%s..l943
—1955
V
....1955
i
Warren RR 1st ref gu g
„Youngstown Sheet & Tube—
——1948
43%
34%
.
J
-
ft ftft./ft' ftftiftftftftft :■
»k v
,
f
v
,/
%
i
-(
'
footnote
in the
week
in
L
••
-t *\n
%
"
-
4
o
J).
c
-
«
K
%
^
<
- ,,v
'V *■■'''■
•"
AND
*
]
x
» ' *
YEARLY
*• 1
.
♦
A
{
'a
,
- J
" i
-r
-t
«.->J
-■■■.
-.
i
•u
• i;
»«
<
.}»
■*
- ,
< <
i
No account is
taken of such
furnish a complete record of the itrdns actions on *the i^ew fYork
. «
"
'
f
Last
I
Par
■
Class A
j
*
Price' Low "
Shares
High
.
"
'
-y./
2%
*;'
A utomatic
Avery
common...'
ft
Corp—.1
%
-6%
■ft
r—
oom.—5
V
"13%
2%
!•>
'
preferred—....
Mfg...
Aluminum Industries com
Aluminium Ltd common.
6% preferred.
100
6%
%
6% ft
:
14% .ft
200
.200
•„
Jan
1%
400
:r
-
,7
»Jan
;
.(16%
■
Mar1
2%
Bruck Silk
Jan
Jan
Lt
22
♦,
Co
-' --"v
*
—
-
Beau
Foreign Pow warr
Fork & Hoe com.
Elec..
4%% preferred
American Gas &
Bell
preferred
$2.50 conv preferred.—1
Amer Hard Rubber Co.
Amer Luundry Much.:
i
"
5% .'5 v400
Jan
Jan
Co.-
Mar
Potash & Chemical.*
Apr
Republics....
8eal Kap common-
Mar
"
$3 opt conv
y\.;
y-r
•
•'<,.■
*/\'.T•."-j l.c-P-'-- A'
Jan
36
V
r-
Apr
2 %
Apr
Jan
2%
Jan
2
Feb
1%
u,e
Jan
Feb
8
■
Apr
9%
67%
Apr
Mar
15%
91%
Jan
Apr
"o%-"i6^
76
; 76%
8%;
.
«j
Jan
12%
Jan
13
8% Mar
12% .Mar
Fob
Mar
'%
F'cb
%
Jan
%
Jaa
*11
Jail
•n
Jan
C
:
;)
Apr
91%
*
% Mar
% 'Apr
Apr
6%
70
Mar
,
0%
5
3%
13
Jan
>
Jan
Jan
Jan
,
Jan
7%
Apr
7%-
8
7% -Feb
2%
2% tJan
108
e-
-/Jan
Mar
4
4>
i
Feb
»
27%
■
Jan
32%
Jan
I
110
%
6%7'Apr ft"
...»i4 Feb
27
.Mar
27%
:
Class A voting..
.*
Class B non vot——*
'
18%
15%
4%
Jan
,
T Jan
.
■
8,
Jan
!•
Ja^
-
Jan
it«
Jan
i" 35
Feb
5
Jan
>
-
5% p2,m
• , 400
8%
5% 7. 8,300
6%
.
*
*
100
Brillo Mfg Co common—*
*
common..
Carolina P & L $7 pref
—
.*
.:——*
56 preferred
90%;
Carter (J W) Co
4%.
;
ft.
1%
2
■
I
f
j%
%-$ 409
r~-f* V-'
r
8
•» •
5
f
Apr j
Apr ft
y.'Jan
-1%
»
Jan
■
52
1
>
Jan
% ;• Apr
"90%
5
Jan
Cent Maine Pow
Jan
'iA fsA
2
Apr
103%
Jan
4%
Ff)b
5%
Mar
f
1
8%: Jan
20%
Jan
2%, >Feb
Apr > 3%
t'60
Apr
■3%
Jan-
A
nr
%
:31%
Jan
Jan
ft
Pfd 100
74
86
86
050
86:
Apr
■
'u
Feb
9%
4
50
Mai
3%.
Cherry-Burrell common..5
Chesebrough Mfg
25
""49% 4-50% ..T200
Jan
107
"t Jan
Apr
Apr
"ft
Jan
,4%
4%
400
49
"
Jan
8
Mar
8%
70%
i
Charls Corp common...10
Chicago Rivet A Much...4
85
Jan
V 2%
~3~40()
Weather
5
5
Feb ft
'•
'
Cessna Aircraft Co......l
Chicago Flexible Shaft Co
Apr 'f
7%. Jan
Apr ;'! 93% Apr
6
Ijr 7
1
Cent A South West Util 50c
Strip Co
Apr
2%
7% pf 100
100
Chambcrliu Metal
Jan
5%
Jan
90
Feb
"6% Mar
10%t Mar
Jan
6%
Mar
4%
1
CentN Y Pow 5% pref.
Cent Pow & Lt 7%
Jan
111%
10
Cent Ohio Steel Prod
Jan
Apr
6%
42
Apr
'Apr
6
,
-v
Apr
55%. Feb
tvApr VI4%: Jan
*u! Jan
44 'Jan
13
-
•;■ *n
4%"'. Jan
'.'-"v, 7-A "•
2
y-%
Feb
90%
common.1
Castle (A M) common..
Jan
%
12
99
1
Cent Hud G & E conu^._*
Jaii
Feb
36
36
i.
'ft
Carrier Corp common... 1
Catalln Corp of Amer
vl% ' Jan
.
Apr
6
6%
6%
36
.*
Mar
20
Bridgeport Gas Light Go.^
*
Carnation Co
Mar
He
5
J
100
1%
8
Brill Corp class A—i
Carman & Co class B...._*
Mar
% •; Jan
Jan
2%
Mar
8%
2%
v
Mar
r,:Ay
Jan
%' F'eb
;
1%
1.42;..
3.4'.y
v(5%,;Fc[j 1-6%
-
1%
Apr
Jan
2%
Capital City Products...*
Mar
35;-
3^%'
Jan
Mar
2%
Jan
'Jan
1 %
'31%
Jan
2
2k
;; 2%
.2%
Canadian Industries Ltd—
39% ; Jan
_38*' "-33""
1
A—.—
18%
.,2%;
Casco Products4-.*
i—- - *
Bridgeport Machlnd—*
Preferred...
100
Class
1%
Mar>
117*
i
2% [Apr
-VApr Y16%
Yu
Aeronautical...I
preferred
1%
Canadian Indus Alcohcl—
9%. Mar
,8%
,
7% 1st preferred—..100
7%
;i%
•Feb
12 1
12%
5i«
$5 2d preferred...—
Brazilian Tr Lt A Pow...*
B
Colonial Airways... 1
Canadian Dredg & Dock.*
Y Jan
X,
Class
7% partic preferred—25
Feb
8%
22
,
38% >V Jan 138% ; Jan
fksft., 'r.'
12-
Feb
1%
Mar
Canada Cement Co Ltd.*
Can
14%
Feb
"7i8
9
-
3%
2
Apr
li
1%
1%
7% preferred.—.;—.100
Bowman-Blltmore com... *
Brewster
2%
"""2% "2%
10
'
m'
Mar
21*,,
■
*
C) Co com...*
Inc—'
'
—.
Jan
Canadian Marconi...... 1
7% 1st preferred——100
Borne Scrymser Co.i
25
Bourjols
den 5% nrer sha £1
Canadian Car & Fdy Ltd—
30
pref.——*
^
m
Callite Tungsten Corp.i.l
2%
f.
Cables <fc Wireless Ltd- V
Jan
»■;
Breeze Corp common
Common cl A non-vot—*
40%
.
Mar
8%
21
21
Blumcnthal (S) A Co
Bohack (H
Corp com
$6 preferred....—-
Am Superpower
For footuote3 see page 1665.
Jan
'
Jan
*
Foundry
A Machine Co com.—.*
Biauner's common.—.—:*
Bliss (E W) common'
1
Blue Ridge Corp com
1
Apr
Ashland Oil & Ref Co.... 1
Apr
%
California Elec Power
3%
8%
.
Furniture. 1
Blckfords Inc common...*
Maraeaibo Co.
Assoc Breweries of Can..*
4%
*
Calamba Sugar Estate..20
r
$2.50 preferred.—!——*
5
Mar
Mar
%
12%
4%
Burma Corp Am dep rets—
'
Berkey A Gay
Preferred...——
Art Metal Works com
Feb
■
Jan
35%
«*
V
>•
26% ,Feb X 7 %l Jan
Jan
5 a Mar m7H
Birdsboro Steel
—10
-
Jan
*
Lt & Trac com.
6% preferred.
Amer Mfg Co common
Equipment Corp.—1
V
Jan
»r»
Hedges com.:
preferred.—!
Conv
Amer
6% preferred
-
63
Jan
Jan
-
t-4%
Apr
3'
%
•
5
com—10
20
1
1
Tel of Canada.;.—lOff
Benson A
General Corp C'.ra 1
$2 conv
Arkansas P & L $7 pref...*
Jaa
•%
Mar -f 33%
Feb --3X
29%
:i
$1.50 conv pref..:
Beech Aircraft Corp
Bellanca Aircraft com
Aro
%
•
..
Beaunlt Mills Inc
preferred...—100
*i.r
Burco Inc $3 pref..,
Jan
Apr
>
2%
2%
30%
3%
Brummell Ties Inc. .1
Export
Arkansas Nat Gas com
2%
11 %
Bunker Hill A Sullivan 2 50
Jan
i 14V; -M ar
A
,
Amer
4%%
2%
3.%
Mfg—•
Amer
Angostura-Wuppermau . .1
Apex Elec Mfg Cocom_._,,
Appalachian Elec Power—
:y
55 1st preferred
i
,
30
-i.—30"
22
22%
v
"Ludwlg"
Baumanu—See
10
Lines com.,1
V
;•
varrants for com.
Barlow A Seelig
25
*
Feb
47
*
$1.60 prelerred
i
[ -V V:"
i- 5 "
$1.20 conv A com
5
Basic Refractorlee Inc._.l
preferred
Jan
\%
25
;,
Jan
*
10%
Vot trust ctfs———50c
Purch
5% pf. _5
Writing Paper com.*
Anchor Post Fence .—--2
i
Jan
Jan
Burry Biscuit Corp..12%c
Cclllerief 1
7% pjeferred.
American Thread
j
Feb
) 354-4 Felr
common.;—19
Baldwin Locomotive—
Cyanamid class A. 10
$6 series
'•
4„3%
ii«
Mar
'2
7%
oommon.5
3%
*»•.; Jan
-
Baldwin Rubber Co com.I
Barium Stainless Steel—.1
Amer
""l%"~Fcb
Buckeye Pipe Line
50
Buff Niagara & East Pow—
:12% -Mar A 13%
13
Jan
%
Mar
%
10s
Mills Ltd.—*
'-v.:.,
f
l 2% *Feb
t.*-
i vApt 4
4———
Babcock A Wilcox
Class A
1st
F'eb
i
Cable Elec Prod com..50c
Central Mfg.
Amer
i
J
Jtl
S6 preferred—.—
Bruce (E L) Co
1
$3 preferred..
$5.50 prior pref..
American
Jan
Amdeprctscrdreg—^1
"'V
'
!
' " 'j
Brown Rubber Co com.. 1
Book Co__.. 100
Board Co com.l
American Capital—
Class A com
on
10c
Common class B-r—10c
Amer
13%
Class A preferred-..-.*
Amer Box
Amer Meter
;•
.
i
Jan
-
A
13%, Mar
.
&3
Axton-Fisher Tobacco—
Class A
Range Since Jan. 1
Brown Forman Distillers. 1
3% Mar
X
ht•Jan
.-t
.-J an
% Mar
6% ..' Apr
.
Feb
Mar
109%
.t, 3%
'
J.
^00
•i
■
y. 3
609
100
2%
•
Voting Mach—*
Ayrshire Patoka
Price
for
Week
Shares
British Col Power cl A...*
Mar
•
ii27%
-
(B 1?") A Sons com.5
Warrants
Aluminum Goods
Jan
22
^300
6% preferred w w;—25
6% preferred x-w — :25
AluinlnuTU Co common.
i_3
•my
23
"
Plywood Corp....
Atlas
""4209
3%
j>3%
Automatic Products;..-
Allied Products (Mich)..10
Class A conv com
25
;
I"
f
lOByf'vMar
•22.
Atlantic Rayon
of Prices "
Low
High
Brown Fence & Wire com. 1
Go—fiO
Atlas Corp warrants
Sates
Week's Range
*
Am dep rets ord reg..
% ,Mar %'■ %
4-V—
Atlas Drop Fcrge
Ext^ange itself, and is in¬
British Cehuicse Ltd—
pref-—100
Atiantic Ccast Line
Par
Am dep rets ord bearrr
Jan
,ii
^r,Tiw"»Feb
M ,vJan .<! '-".'u'/ Jan
% i'eb
J.'y :.y. -*;•
6% pf.100
Atlantic !Coast Fisheries.-1
Investment..
Allied latl Investing—
$3 conv preferred
Anier
,
Mar
•v
.
Coast RR Co
Southern. .50
Co $7 pf
.;
'n.. Jan
%4 ' Jan
.
S
—4-—
Atlanta Gas Lt
preferred.—
Fisher Inc com...*
Amer
,
.J>.
'
•
■■
Vt
..
British Amer Tobacca—
Tglclasd A..*
Atlanta Birmingham A
Alliance
Amer
.....
:
Sale
British Amer Oil Co
Assoc Tel A
A lies &
—
*
■
; >,
iMSt
■"VY
'
.
*/_■-
Laundries of Atner.*
I j
[:??
-ft'--
Assoc
Warrants
Class B n-v
....
Friday
j
STOCKS
(Continued)
1
J
<
$5 preferred
Alabama Power
Ol£t88 B
*.r ,«t
-v
•
v.
'•
.
Curb Exchange for the week beginning on Saturday
for
1
Common
.
Amer
\
1
«
f
-Week-
of Prices
{Associated Gas A Elec—
Cities Power &
class A—
.
Sales
Week's Range
Sale'
1
10
Aero Supply Mfg Class A -1
Class B
1
Alnsworth Mfg common. .5
Air Associates Inc (N J)..l
Aircraft Access Corp-.. .50c
Air investors common.:.2
Gonv preferred.—--.10
Conv
/»
"
^1942); vltiis" coinpiled^tM^frbm:^theidaily reports 'of the Curh
bond, in which/ anyi dealings;have; occurred - during the current year.
Wire Co common.
Amer
■ ;
endingythe^^ present Friday^y<April
Amer dep rets reg J—XI
Amer
;■
f
>
.
-r;-.;.;,
RECORD
„
Associated Elec Industries
American
Bonds selling flat.
the; 9Rly tran/sactiqns;')6fi'.t^e weekijand when- selling outside the regular weekly range are shown
sales in computing the range for [ the
J
''
"
;
-
(.Continued)
American Beverage com..
under
No sales transacted during current week.
disregarded in the week's range unless they are.
Par
Altorfer Bros
,
and asked price.
* Friday's bid
♦
Friday
$6
-
feectlon
Y
STOCKS
Alabama Gt
I '
t Companies reported as being in bankruptcy, receivership, or reorganized
77 of the Bankruptcy Act, or securities assumed by such companies.
t
4s.
ftft-ftftftftft:' ft "
."ft"
STOCKS
Acme
t The price represented is the dollar quota¬
Accrued Interest payable at the exchange rate
{ Negotiability Impaired by maturity,
Of f4.8484."
5s E..
WEEKLY
; h
i
tended to include every security, whether stock or
!
Included In ttie year's range, d Ex-interest. e Odd-lot'
v« Under-the-rulo sale not included in the
Cash sale not included in the year's range.
r
tion per 200-pound unit of bonds...
gold 4s.
West N Y & Pa. gen
;ft
which they occur.
18,1942) ;and
year's range,
NEW YORK CURB EXCHANGE
In the following extensive list we
last (April
44%
Deferred delivery sale not
a
sale not Included in .the year's range.
5%s series A...;
1st Sc ref
.♦
1st mtges f 3%88er.D......I960
3!
3 %s series!
1st mtge
Western Maryland 1st
'ftfttftft.
NOTICE—Cash and deferred delivery sales" are
a
f
if-
iw—>—i—1948
Couvdeb4s:
,
1967
West Penn Power 1st
88
88
A<
,V5
•Certificates of deposit.
Deposit receipts...!.
35
in
.
{{•Warren Bros Co deb
♦Ctfs of dep
■
95
106%
'Wisconsin Public Service 3%s.l971
(assented).
Warner Bros Plot 6s debs.
{Wabash RR Co—
{♦1st gold 5s..
:
114
Wisconsin Elec Power 3%s...l968
*0118 of deposit (assented)..J.
♦Ref <fc gen 5s series D......1980
♦Ctfs of deposit (assented) —.
Gen mtge 3%s
1
112
ft*Wis Cent 50-yr 1st gen
B.i..—.1976
Washington Term 1st gu 3%s.l945 F A
1st 40-year guar 4s.
—.1945 F A
Westohester Ltg 5s stpd gtd
1950 J D
:
47%
|' ♦Certificates of deposit.,
f 4*Su A Du div & ter 1st 4s..1936
.,
Washington Cent 1st gold 4s..1948 Q M
»
40%
♦Ref & gen 4%s series C
:
1st cons 5s.
'
r
102% 104 :
*Ref gen 5s series
♦Ctfs of deposit
Virginian Ry
"ftC
32%
32%
S4'
88
81
85%
100% 101%'
44% 60
3s...1..1954
?
.1957
Elec & Pow 3 %s ser B
1968
Iron Coal & Coke 1st g 5s..
& Southwest 1st gu 5s..
ft,ft;: .ft. ftftiftft,
Pulp & Paper
!
Cons s f 4s series B
Va
Va
i;
0
Vandalla RR cons g 4sseries A. 1955
Va
82
High
20%
20%,
79%
82%
Winston-Salem'S B 1st 4s.;....I960
{♦Wabash Ry ref & gen 5%s.A. 19715
MN
Walworth Co 1st M 4s
Va
'
(Wheeling Steel 1st 3%s ser B—1966
, Wilson & Co 1st M 4s A
1
;
Conv deb 3%
L.........1947
MN
M
A
81"
4'
(Wheeling & Lake Erie RR 4s.. 1949
1st mtge 4s series A
Gen mtge 4s series
MN
83%
80 V,;
*
Low
28%
28%
82%
85%
27.
«v.>
Since
Jan. 1
.2361
mgr)..1941
,.—1971
A.^_.r..1981
♦Gen mtge inc 4%s scries B. 1991
100% 101%
100% 102
100% 103
Nov
—— .
—
i West
MN
.......May
27%
-Range
♦Ctfs of dep (reorg mgr)......
♦Toledo & Chic Dtv g 4s—
MN
1
1
1
1
I
Nov
—
J.
.
"■
\
High
Low
ser
30-year 5«—'_ ——
1960
tWestlnghoURC El <fe Mfg 2%s.*195»
iWcst Shore 1st,4s guar—.i—2361
♦Omaha Div 1st g 3%s—.1941
1951
1952
1952
2.308....
2.40s
Price
Friday's »■
Bid tfc
Asked
j
♦Ctfs of dep (reorg mgr)..1939
t
;
MN
2.35s
25-ycar gold 5s
*
•
mgr)..1941
4s—; ,
''
•
Range or
A. 1946
——.1946
4%S::.il950
^—1051
|
7L%"'
Sale>
(Concl.)
& Indus. Cos.
{♦Western Paclfio 1st 6s
1954
.1
N. Y. STOCK
UXft* Week Ended April 24
••
Last
BONDS
EXCHANGE
-V'
"•
.
•
■
^ High
♦Ctfs of dep (reorg mgr)....
)
'
y
•
100% 101%
101%
100
101%
J
--
sfifJaii'? 1 if.;.*;:
,
100% 100%
100% 101
;
101%
V
J,
--Since
Railroad & Indus. Cos. (Con.)
ft Wabash RR Co (Concluded)—
100 Hi
i
>• Range
Week's
Friday
'
■
Range or
V
M-F.Tiday'&'%
,
United States Steel Corp
100%
V
t —
N...YJ STOCK EXCHANGE
Week Ended April 2 1
*
High
Low-..
High
...
Week's
Friday
Friday
BONDS
-
13
% ' Jan
: Apr
3 ft
ft
'
Jan
4%' Jan
10% f Jan
! Jan
83
M
52
Jan
ar
•
'■*4%
Feb
6
'
'Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4067
Volume 155?
NEW YORK CURB EXCHANGE
STOCKS
Last
Week's Range
Sale» '/» of Prices
(Continued)
Price
Friday
Sales
Friday
Low
.
High
STOCKS
Price
60c
of Prices
Low
High
for
Friday
STOCKS
Range Since Jan. 1
Week
Last
(Continued)
Sale
Shares
Price
Industrial Finance—
V t
*
■ ;
*
preferred B. ....—*
—
..1
$3 conv preferred.-;,—1
Esquire !b(Li-4.'?r- ^-—4
Eureka Pipe Line com..6b
Insurance Co of No Am. 10
Eversharp Inc com—
comm9n>.10
$6 preferred--.——
Sales
Week's Range |
Equity Corp common..I0o
f
Chllds Co preferred
Cities Service
Sale
Shares
Mining-..1,
100
Chief Consol
Last.
(Continued)
for-
\ Week
International Cigar Mach *
c common
.
7% preferred...——100
.
Internat Hydro
$6 Drefqrred BB—
Elee—
Pref S3.50 series
i
Cities Serv P
Internat Metal Indus. A-.1*
'
preferred..——.—*
City. Auto Stamping.....*
City & Suburban Homes. 10
Clark Controller Co-..—1
*6
jFairchlld Aviation—..,.1
'■!
iFalrchlld Eng & Airplane. 1
Coupon shares
Feddcre Mfg Go.-.-*.-,-5
.Fed Compress & W'h'se 25
Inc.*,
ord...
|
— — —
.S3.50 prior pref
*
Interstate Home Equip..1
r
Class B voting
:
i
Interstate Hosiery Mills..*
iInterstate Power 17 pref.*
Fox
■ f
•
Investors Royalty.......1
•
Iron Fireman Mfgvtc—*
(Peter) Brewing Co..5
Franklin Co Distilling—1
Irving Air Chute...
1
(Italian Superpower A
*
;Froedtert Grain AMalt-r-
Columbia Oil A Gasl-—t
{"• Common.
Conamonweultb dt Southern
?;
Conv portlc pref..—. 15
Fuller (Geo
Warrants.
A)
$3 conv stock
Distribution..I
oonvpreferred-^ilQp
25
t-.-.l
Jacobs (FL) Go
■Community'WatetSerV.'.l
Jcannctte
Mach—
Compo Sboe
.
V t c ext to
Gamewell Co Sfl conv pf;*
Co—;o(, H ^VGomnwniaivit— -'w-Viit- 5
preferred...;... 100
5%
Gellman Mfg Co com.—.1
Electric Co Ltd—
Amer.dep rdts ord reg;£l
Pref-100
C.—-100
Utilities;
1
A Smelt Ltd.6
Kansas G A E
.
7% pref.100
Gen.-Fireproof Ing com.;.*
Kenuedy's Inc...
Gen Gas A. El S6 prel'B..*
Ken-Rad Tube A Lamp A *
General Investment com.l
Kings Co Ltg 7% pfB.100
i
5% preferred D—... 100
Kingston Products—....1
I?
Stores—--1
...100
8% preferred
Juliau & Kokenge com..*
Genera! Alloys Co—i-.—*
<Gen
4H% aeries B
4% pref series
Consol Retail
*
100
6% preferred.......100
7% preferred
...100
.Gatineau Power
?
Co/nn TeleP A Elec Corp.l
Consol;Biscuit Co..—-1
Consol Q E L P Bait com.*
Consol Min
Co
554% preferred
!
Consol Gas
Glass
Jersey Central Pow & Lt—
1946.——-1
Conn Gas dc Coke Secur—
Common.....
—*
S3 preferred-.-*
m.
*
-.1
ljr.75 preferred...'....*
Fort Worth Stock Yards..*
-100
Community Pub Service
—
Class B....
Ford Motor of France....
,
Commonw
(v.
Utility-
Class A—..
Class Auon-vot
i
.
6% conv preferred...£1
Colorado Fuel & Iron warr.
Colt's Patent Fire Arms .25
Columbia Gas A Elec—
r?
International
:
Am.dbP rotq ord reg..£l
■Ford Motor o£ Canadar-.
Cohn & Roseoberger
*
v. •
...
Internat Safety Razor B.*
•
i)
Co...*
Cockshutt Plow Co com.*
5% preferred—,
.
Motor Co Ltd?—
Ford
Club Alum Utensil
Colon Development
Registered shares
International Products..-*
i
Fire Association (.Phila).10
Florida PA LI7 pref—.*
.i
'•
."
.v
International, Petroleum-
:
Fansteel Metallurgical...*
Clayton & Lambert Mfg. .4
Cleveland Elec Ilium
*'
Cleveland Tractor com..*
Ciiiichfleld Coal Corp..100
:;;vv'
Internat Paper Co warr...,
.
Falstaff Brewing...—..1
Claude Neon Lights Inc.. 1
~'4t:
50
Internat Industries Inc.-l
L $7 pref.*
$6 preferred——.——*
if'V-i-V* •* rvi--K ^ '
:'tv-
s
,.5
Gen Outdoor Adv 6%. Pf 100
Kirby Petroleum...'.
10
Gen Pub Serv $6 pref—*
Klrkl'd Lake G M Co Ltd 1
Consolidated Steel Corp.
Continental Gas & Elec Co
stock.._.*
General Shareholdings Corp
Common —i-——1.
Consol Royalty
Oil
100
7% prior pref
Mex-.l
Continental Roll A Steel—I
Continental OH of
Klein (D Emll) Co com..*
Klcinert (I B) Rubber Co 10
$6 conv preferred-—.-*.
Knott
General Tire A Rubber—
oom_.l
Gen Water G A E
$3
Qorp common.—.1
Kobacker Stores Inc..-—*
-.100
6% preferred A
r
VarnLsh——*
Cooper-Bessemer com---*
$3 prior preference
*
Cook Paint A
Koppere Co 6% pref. .101)
preterrwirr^rfrr r-r*
Kresge Dept Stores—
4% conv 1st pref—.100
special pref .10
fGeorglaPowefc
Reynolds.... 1
preferred A—J
*
Kress (S H)
i
Copper Range Co——*
Cornucopia GoUl Mine® 5C
Kreuger Brewing Co.——1
Corroon &
$6
1
Gen Rayon Co A
Ifiprel—*
preferred—...——*
$5
Cj common..»'
-..-*
;Gilbert (A
Preferred. J
I
Gllclirlst Co.lu-w;—.—-*
Coaden Petroleum com... 1
'Gladding McBean A Co.*
6% conv preferred...60
Courtaulds Ltd—
Adrs ord reg stocks—£1
4v-'Class B—„;————*
iGlen Alden Coal.—i—~*
Lackawanna RR (N J) .100
Godchaux Sugars clasp A.*
Petroleum.—..—5
Crocker Wheeler Elee.--*
Croft Brewing Co
1
Creole
Lakey Foundry & Mach-.l
Lamson Corp of Del
5
$7 preferred.i-.-.i-'-t..*
Goldfield Consol Mines..!
'
l
Lane Bryant 7%
Crowley. Milner
Crown Drug
7% conv
A Co.-*
j
5
Gray Mfg Co
Great Atl A Pac Tea—
-Non-vot
•..
Crystal Oil Ref cqm^-.-:*
$6 preferred
-lb
Cuban Atlantic Sugar...5
com
ClasBB
| "y.:<
Varnish.:.1
Grand Rapids
Co coin..25C
Curtis Light'g
Class A
•
Gorbam Mfg common..ID
preferred...25
Cuban Tobacco
Langendorf Utd Bakeries—
preferred.---------*
$3
Petrol (Md).5
Internat A..*
Crown Cork
,
Paiier—25
Greenfield Tap A Die..—/!■;
Grocery Sts Prod cam .25c
Ine com 2.50
(Mo)
o
Le Tourncau (R G) Inc.. 1
Material Co..;
5
Line
Locke Steel Chain.......5
Lone Star Gas Corp-.-....*
*-5
T^oulslana P A L $6 pref.*
Ludwlg Bauman A Co com*
—
C..-.1
i
Ll|ary^d:Breiyln^Cov^l
i
i
lL.
B non-votcommon
-
-
.—.
Hearn Dept Stores com.:5
6%
.^.
oreferred.'.'.oO
conv
Manatl Sugar opt warr...
Mining Co..—25c
Hecla
Helena
Conv 7% 1st pref...100
Conv7% 1st pf vtc.100
Lynch Corn common
5
America-—- ' i
Hazeltlne Corp...
;
*
7% pref class A
100
6% pref class B._—.100
Loudon Packing.-......*
Louisiana Land A ExpIor.I
Hammerraill Paper10
Hat Corp of
Long Island Lighting—
Common...
;
I
»
Hartford Rayon v t
2o
6% preferred
Lit Brothers common...*
:£: $6 preferred. — — — -*
Gy peum Lime A Alabastine*
Hartford Elec Light—.25
*
..*
Develop.—25
Llpton (Tims J) Inc—
{Guardian Inyestora... ..1
Gulf Oil Corp.—-'———25
Gulf States Util $5.50 pf.*
Hall Lamp Co..—
preferred
Conv
Leonard Qll
Gt Northern
Curtis Mfg Co
*
Lehigh Coal A Nav
•
com...-.*
*
——
—
r.
Lefcourt Realty common. 1
stock.—*
7% 1st preferred.--1100
■
pref..100
Lane Wells Co common..!
V"
Gorliam Inc class A.;...*
Crown Cent
Ltd..l
Mines
Lake Shore
Rubenstela...^.*
Class A
—.*
—
Heller Co common.—*_2
Preferred.—.—"—w..-25
Mangel Stores
w....l
$5 aonv preferred
*
..
Mapes Consol Mfg Co—*
--
Marconi Intl Marine
'
_
Hewitt Rubber
Communication Co Ltd i
_
..
Oil
Margay
Henry Holt A Co par A..* .;
Marion
common..5
Corp
Steam
..*
Shovel...*;
Mass Util Assoc v t a. —1
.Heyden Chemical...... 10 :.
Products..'...2X
Hildock
Hoe (R) A
Massey Harris common..*
May McEwen Kaiser Co—
--
fcio class A—10 J.
Hollinger Consol G M;—5
Holophaue Co common..*
Horder's Inc.——'
*
Hormel (Geo A) A Co com*
H.)rn (A C) Co
I':
..
'
Mead Johnson
'.•
Mercantile
Hardart..—I.
•' '
/
:!
,'\:v-i'
Hubbell (Harvey)
East Gas
'
10
Humble Oil A
Common—
prior
-> -i-
- -
.
'; :
Inc—.5
Merrltt Chapman A Scott *
..
Ref.r:„*
HussmanoHgonier
*
J
v
,
Hydro- Electric Seburitlek: *4^.
i
i
r*': :>• •'!
Economy Grooery Stores.*
*5 preferred.
?' $6
5% conv preferreti'..'".'50
..-*
preferred....if;;;.*
•
"
i
Option warrants
*'•
"
-'Dtv arrear «tfSi'.;t'— -Vy
'Illinois Zinc Go—LI
Elec P A L 2d pref A.j;..*
-
1
Metal Textile Corp—__2Sc
Partlc preferred......15
Metropolitan Edison— w
$6 preferred —..'
*
Michigan Bumper Corp._l
Michigan Steel Tube.-2.50
Michigan Sugar Co.i-.L-*
Illinois lowa'Power-Co..*
Eleo Bond A Share com..5
"•'
preferred...100
Messabl Iron Co
Hygrade Food/Prqd.i—5'..
Hygrade Sylvanla.
Eastern-Malleable Iron.25
Eastern States Corp—...*
?: $7 preferred series A-.*
$6 preferred series B;—*
Easy Washing Mach B._*
Warrants. .j——:
6A
Co:«.*|..
Huyler's eomL;—...i
1|J:
V tcfor 1st pref——'iD-^
pref.
com..*
Participating preferred *
'
100
6% preferred ———100
4
Stores
Merchants A Mfg cl A—T
Hummcl-Rosd Fibre Corp 5i
A Fuel Assoc—
A'Co—4—*
Memphis Nat Gas com..5
5% preferred.;.'——100 4
Eagle PIcher T^ad.—...
Dredging...*
..
..
cotntnon..l *?.
Horn A Hardart Baking.*!:.
Horn A
$4 preferred—-.
McCord Rad A Mfg B—*
McWilllams
..
Vv4t-'»"'
Imperial Chemical Indus—.
Am dep rets regls-.;£l'
Imperial-Oil (Cap).coup"..*
>:-Registered Jcz
-S*
Electrographic Corp,..-_l
Elgin Nat Watch Co...15
'Emerson Elec Mfg..;....4
Mlcroraatic Hone Corp.-.l
!
Middle-States Petroleum—
Class A vtc
1
'i
»•
ClassB v t c..:———-1
Middle West Corp com..5
Midland Oil Corp—
<.
i:'\ ■
i.' v'-,
; Imperial Tobacco of Great
:$2 conv preferred
.*
Imperial Tobacco Of Can.5
Empire Dtst El 6%- pf 100
——.10
Preferred
t
Empire Gas A Fuel Co—
-•
6% preferredxf.;.;'. 100
6
•:
?
Y»,% preferred.-;..! 00
■
7% preferred ........loo
i
8% preferred.../;..100
Empire Power part stock *
1
'
For footnotes see page 1665
$2 non
Ireland?;':£l
" 5 Vf
•
% preferred i'.'L 1100
.
Indiana Service 8%
;
pf.100
7% preferred;i:^:;:100
dlv shares.*
common....*
cum
Mldvale Co
Indiana Pipe LlneP..—.7 H
Mid-West Abrasive.....50
Indianapolis Power A Light
"•
EHMWo-Derrlck A Equln. .5'
VBritaiiF A
Midland Steel Products—
Midwest Oil Co..
10
;
Midwest Piping A Sup~_..*
!
Mid-West Refineries——1
I
Week's Range
of Prices
Low
High
Sates
for
Week
Shares
THE COMMERCIAL & FINANCIAL CHRONICLE
1664
Monday, April 27, 1942
NEW YORK CURB EXCHANGE
STOCKS
Last
(Continued)
Sale
Par
Price
STOCKS
for
Week
of Prices
Low
High fShares
Week
High
Low
150
32
Feb
44%
Jar.
$5 series pref
68
37%
37)4
100
10
90
90
Apr
82
Jan
Apr
100
Mar
90
'3%
3%
334
4%
Apr
Jan
Apr
100
Class A
4
Molybdenum Corp..„...l
4%
4
1,300
.
25
Monarch Machine Tool..*
46%
Mi
Apr
1%
Mar
85%
Penn Sugar Prop com...20
Penn Water A Power Co.*
"42*
5% Apr
-10
-
156
158%
156
230
Montreal Lt Ht A Pow..*
"16%
16%
~~25
1%
1%
1%
4%
4%
4%
161
Feb
152
Feb
2%
Jan
11%
Feb
8
101
30
8
100
100
9
100
,v
9
114%
9%
Jan
Feb
Pitts Bess & L E RR...50
10
Jan
Apr
5%
i
Meter
i
.%
%
%
Apr
National Candy Co.
*
National City Lines com.l
83 conv preferred.... .50
National Container (Del). 1
National Fuel Gas..
*
Nat Mfg A 8tores com...*
National Power A Light
86 pref unstamped
,
12
12%
%
40%
8*
13%
40%
.f'
i
v'.■>.''
•:.
•:..
Jan
Mi
Feb
Polaris Mining Co
Apr
18%
Feb
11
Apr
Feb
Powdrell &
300
12%
100
39
8%
2%
2%
8%
8%
100
2%
200
9
National Refining
Potrero Sugar common..5
71%
250
14%
42%
Jan
Power Corp of
Apr
Pratt & Lambert Co
Premier Gold Mining
1,000
"7% "8%
National Sugar Reflnlug.
pref. 10
NMlonal Transit.... 12.50
9%
Nat Tunnel A Mines..
2%
5
9%
2%
2
7%
Mar'.
24%
11
,
,
1001
9
Jan
3001
2%
Apr
4%
%
%
9%
Feb
Apr
/II
109 %
Apr
113
2%
Apr
Neptune Meter class A...*
Nestle Le Mur Co cl A..
7
_.-*
•8% preferred.......100
#2 preferred
New England Tel A Tel 100
New Haven Clock Co..
19%
125
20
Feb
%
19%
Apr
Apr
.
*87%
140
10%
10%
300
54%
54%
55
600
*
3%
3%
100
Jan
Mar
Mar
86 preferred
*
Apr
Apr
68%
Mar
3%
Jan
85%
73
10
78
950
20
Feb
95
95
95
100
94%
Apr
"""210
61%
59
r
3
7%
Feb
12
63
Jan
3
Mar
3%
8%
Apr
8
Jan
400
7%
Apr
%r Apr
1% Mar
2%3%
2%
Jan
200
2%
4%
3
4%
Fel)
7%
2%
2%
19%
M '»•
120
1%
1%
52
5,700
8% 1st preferred..-.100
8% 2d preferred
.100
1%
52
•
107
107
10
47
13%
13%
50%
50
*
common
Jan
Mar
%
2%
600
Mar
2%
Mar
87
*
Mar
2%
"io% "n%
57
57
57
Richmond
%
Noma Electric
Ner Amer Lt & Power-
1
Radiator
.
140%
2
Sterling
Feb
Apr
70
Jan
150
Jun
Sunray Oil..
88
Jan
Jan
4
3%
10%
10%
8% prior preferred...50
50%
Jan
Lawrence
Apr
Texas P A
2%
1%
Jan
Jan
Apr
Jan
1
Salt Dome Oil Co...
Jan
18 % '
Feb
Apr
Mi
Feb
Apr
100
Jan
110
Fell
112
Jan
Scranton Elec $6 pref
50
100
Mar
112
Jan
Scranton Lace common.
95
Mar
no
Feb
Feb
98
6
Mar
375
25
Ohio PS7% 1st pref... 100
#% 1st preferred
100
Oilstocks Ltd common...5
6
6
200
14
85
Apr
Jan
2%
17%
Feb
Feb
*
com.
15
83 preferred..4
50
85% couv prior pref—
Mar
Jan
3%
10%
5%
Apr
Mar
100
11%
.:.■■■*■
Oliver Utd Filters B
%
Tishman
12
12%
300
Jan
Jan
40
48
Jan
Jan
X
.*■
f.t
■■
100
Mar
111
Jan
Jan
94%
.
Jan
Apr
95
Mar
Apr
12%
9%
Jan
.4%
Jan
%
•
%
Apr
2%
15
Jan
Apr
Mi
2%
3%
100
Feb
Selby Shoe Co
1%
,
1%
10')
"2%
%
Jan
he
2%
1%
1,400
2%
,
200
109
25
1%
1,800
"92""
""l"50
90
Mar
Apr
29%
27%
98%
72
26%
Mar
87
24%
22%
7% pref.. 100
Apr
2%
*
"U%~
3%
3%
5,700
%
ht
3%
%
Jan
Feb
.
200
J16
19
%
8%
21
111
21
22
500
Fuel..
3%
10
Penn Traffic Co..
4%
27
27
150
30%
30%
IOO!1
.50c
5%
For footnotes see page 1
665.
.2%
5%
2%
6
Mar
i% "1"
9%
Jan
'3/i(")(")
2%
45%
Jun
12
%
Jan
;
42
30%
30"
1*166
31
Feb
Mar
■
2%
18%
200
.2%
2%.
2%
700
17
8%
1.500
7
Jan
90
8
Mar
2 %
15
2%
14%
Mar
3%
300
Jan
15%
300
4%
Mar
Feb
19
18
7%
"*2
5
14%
..1
%
14%
500
5
4%
,,
%
Mar
Jan1
100
Mar
Feb
6%' Feb
.% Jan
40
40%
3
200
2%
Apr
65
66
110
49
Apr
3
40%
40%
40%
■
3%
;'Jan'
Apr
5s.I
65
95
Apr
85
Mar
Jan
Mar jl03
95
Jau
111
Jan
-
Jan
Corp.__._.._l
Oil Co... 10
conv
1,500
4%
4
warrants.
100
30
30
30
200
3%
3%
3%
5%
Jan
4%
Apr
29
Feb
%
.
35
Mar
Jan
Jan
1 %
Jan
1%
Feb
5%
Mar
6%
Juu
2%
3%
5%
Apr
3
Apr
Apr
5
2
200
1%
1%
preferred.....*
Feb
U
Udyllte Corp
Unexcelled Mfg Co.
1
2%
2%
2%'
600
3%
10
3%
4%
5%
2,600
'
*
5%
Jan
Aircraft Prod....l
"5%
Chemicals com...*
0%
6 %
5%
11
3,766
Apr
'Mar
Jan
%
Jan
Apr
Jau
Feb
Jan
1st $7 pref non-voting..*
Option warrants
%
Jan
Feb
Mi
Feb
Jan
9%
Feb
Jan
7
.*
United Gas Corp com...l
Jan
1,100
:=
Jan
7%
2%
7%
15,
Ms
United Corp warrants
United Elastio Corp
Jan
Apr
Apr
100
Investment com..*
$3 cum & part pref....*
Un Cigar-Wbelan Sts..lOo
Jan
■
%
,
39
30
11%
26
36%
Apr
7
18
.
Mar
Mi
Jan
%
550
%
1,600
97%
Apr
126%
Mi
ht
Jun
Mi
9%
Apr
%
Mi
Mar
%
■
Mar
%
%.
200
'Mi
Apr
2%
8%
2%
8%
400
2%
8%
Mar
36
50
Jan
Common class B_
200
3%
Jan
Jan
Jan
he .Jan
Mi
25
1%
45%
1
•
i:
Jan
33%
200
38
45
Feb
Feb
Mar
12
Mar
4%
Jan
Serrlck Corp class B
%
Jan
i
2%
pref ser AAA100
Sherwin-Williams of Can.*
300
*61 %
112
2%
"
350
02
111% 112
70
.;•;%
Apr
%
»
Apr
4%
2%
9%
61%
Feb
5%
Feb
Jan
4
Jan
110
v
*
Slmmona-Boardman Pub—
$3 odhv preferred
*
Simplicity Pattern com..l
Simpson's Ltd B stocks..*
Singer Mfg Co........ 100
Singer Mfg Co Ltd—
Amer dep rets ord reg.£l
24%
30%
%
Jan
Jan
11
%
6%
Jan
Mar
10%
70
Jan
Jan
113
Jan
Jan
9%
Mar
30
Jan
Feb
Feb
31
Apr
%
Mar
4,100
2%
2,400
5%
Jan
Apr
15%
rl%
136
138*
United Shoe Mach oom.25
Preferred..
25
..
V
r
Jan
10
50
15%
Apr
100
1%
Jan
Jan
8
Feb
"165
131*
1%
74
Jan
50%
50%
52%
975
38%
38%
38%
20
50%
38%
U S Graphite common
..
2%
.
300
2%
.5
$5 1st pref with warr...*
pref——L10
4
Apr
Mar
Mar
7
4% Apr
2% Mar
6%
Jan
Apr
Jau
57%
43%
Feb
Jan
Jan'
3%
8%
Jan
45-
Apr
4%
Jun
%
Jan
Apr
Apr
53%
Jan
Mar
44%
46%
400
44%
4%
4%
400
4%
%
200
27%
%
2%
300
6%
U S Plywood—
$1.50,conv pref..:
Jan
Mi
Mar
%
20
,U S Radiator com....... 1
•
Mar
2
Jan
%
2%
%•
U S Rubber Reclaiming..*
2
2
30
Mar
Apr
Jan
'Mi
Feb
9%
Jun
1st $7
Apr
Mar
50
%
12%
Feb
100
Mi
-
Jan
4%
Jin
Mi
Mar
Feb
Apr
1%
1,600
%
1%
%
Jan
14
he
...2
2
•
1
Universal Cooler class A.*
Class B
*
17%
500
11«
%
14
pref.—
*,
United Stores common.50c
conv
Jan
%
-
U S Stores common.—.50c
Universal Corp v tc
1
Universal Insurance.....8
6
6%
300
Mar
145% " Feb
Feb
1%
Feb
2%
11%
11%
2% : 2%
41% 43
50
Equities com.. 10c
$5.50 priority stock... 1
Apr
15
Mi
Apr
Jan
1%
Jan
2
Mar
Mar
Apr
%
8%
Jan
Jan
26
29
Jan
Jan
10
Jan
Mar
25
Universal Products Co—.*
Sugar......5
Utah Pow & Lt $7 pref..*
6
22%
11%
Feb
Apr
Apr
3%
Jan
Feb
700
2%
225
41%
1 %
Mar
1%
Mar
%i
Jan
Mi
Jan
33%
Mar
38%
Jan
Utah Radio Products....1
I
25%
2
Utility
Smith (H) Paper Mills...*
Mar
,'
*
Utah-Idaho
5
3%.
138*"
23,
72% Mar
Universal Pictures com__ 1
7% pflOO
Skinner Organ
15%
rl%
Jan
Jan
Mar
Apr
Jan
Apr
Feb
9%
15%
Jan
%
Mar
U Sand Int'l Securities..*
5
Shawlnlgan Wat A Pow..*
Sherwln-WilUams com..25
cum
600
MOO
10% preferred———.10
U S Lines Inc
Sentry Safety Control... 1
1
Jan
Mar
H
%
12
22%
13%
MUk Products...*
United Specialties com..l
U S Foil Co Class B„...1
Feb
38
Apr
Apr
Seton Leather common... *
\.
%
12
Anier dep rects ord reg..
United' Profit Sharlng.25o
;
Mar
Mar
$5.50 prior stock
Jan
500
%
12
$3 partic preferred.... *
Jan
.1
%
1%
92
United Molasses Co Ltd—
38
1%
*
United
100
%
1%
83%
*
$6 1st preferred..
Jan.
Jan
Mar-
%
0
United Lt A Pow com A..*
Mar
Apr.;
9
..
100% 103
100
Jan
69
Mar
35
7% preferred.,
i
";; Jan
112%
Jan
100%
United Gas A Elec Co—
Jan
350
Sioux City G & E
2%
Apr
Apr
8%
1%
Jan
40
Feb
2%
Penuroad Corp com__.__l
Penn Cent Airliues com..l
8%
9%
%c Jan
Apr
Mi
Mar
16
36%
12
Jan
Apr
.
Sllex Co common...
__
Penn-Mex
*:T%
13%
100
9%
9%
l-
*
com
United Wall Paper
Paramount Motors Corp.l
Parker Pen Co
ilO
Parkersburg Rig & Reel..l
Patchogue-PIymouth Mills*
Peninsular Telephone com*
31.40 preferred A....25
Mar
Jan
Mar
Apr
Apr
80c
Feb
38
5%
3,%
Jan
Jan
%
%
Feb
.
2%
120 •
Apr
Feb
Apr
Apr
19
10
100
Shattuck Denn Mining—5
Page-Hersey Tubes...... *
Pan tepee Oil of Venezuela—
American shares...„„
■
3%
Jan
"t«
Apr
11%
19
19
1
5
Jan
Jan
Jan
Public Service...*
81.30 1st preferred
l«
Apr
Apr
Mar.
Allotment certificates...
Pacific Can Co common.
Pacific
Mar
M
Mar
2
Apr
107
%
-*
Convertible stock
"in"
9%
Trunz Inc
*
Tublze. Chatlllon Corp
i
Class A.....
......I
Jan
53
Mar
Apr
300
Mil
Common...
91%
Apr
Mar
1%
%. Mar
Toledo Edison 6% pref 100
7% preferred.
100
Tri-G'ontinental
Jan
3%
5%
Mar
Mar
Feb
300
*
Jan
2%
:/
5%% 1st preferred...25
Pacific Lighting $5 pref..*
v
6
H-''***
2H
Realty A Const.*
Trans western
Feb
1%
10%
300
Selected Industries Inc—
PacificP & L
-300
8*
Tonopah Mining of Nev. 1
Mar
7%
2%
general...1
....*
Segal Lock & Hardware.. 1
Selherltng Rubber com...*
-----
Jan
26
•
Jan
12%
7%
Seeman Bros Inc
12
1%
26
%
L'7% pref. 100
Am dep rets def reg
,Jah..
%
•
Jan
Securities Corp
70
1
6% 1st pf.25
600
Tobacco Sec Tr Co Ltd—
Amer dep rects ord reg..
Jan
100
Apr
Apr
17
40
1
Facific G & E
100
1%
%■•
^Tobacco A Allied Stocks^.*
'Tobacco Prod Exports..*
Apr
z6%
Mar
%
—....
101% 102
*
Omar Inc......
Overseas Securities
5%
1%
Jaa
Mar
\
Tbew Shovel Co
Feb!
5%
11%
:
Mar
800
*
*
ScuiUn Steel Co com
40
101%
8
5%
1%
Jan
■3%
35%
Trans Lux
Water Service $6 pref..*
Feb
6%
Warrants
Oklahoma Nat Gas
Apr
Scranton Spring Brook
98
110%
j
9%
Jan
hi
79%
1
_....*
50
2
4%% pref. 100
34
25
34
34
Texon Oil A I and Co...2
93
5
*
Schulte (D A) commou.,1
Conv preferred
-.25
Scovill Mfg
---'25
4
Ohio Oil 6% preferred. 100
•Ohio Power
46
Mur
3% Mar
19%
Jan
8% Apr
51%
14%
Schlff Co common
-Ohio Edison $6 pref
7u
Jan
Jan
1,000
Savoy Oil Co-
15%
85%
85%
110% 110%
103% 104%
Apr
Apr
2
;7%
Jan
Corp Ltd.
Sanford Mills
15
20%
Jan
Jan
%, Mar
Class A $2 conv
O
-Ohio Brass Co cl B com..*
34
.Technicolor Inc common.*
Samson United Corp com.
Ogden Corp com
Jan
Apr
7%
'
V
United
pref..50
St Regis Paper common..5
7% preferred
.100
3
13%
xl%
he
■
1
.
United
St
9%
2
2
Jan
Jan
I
Jan
Jan
15%
Mi
Feb
j.
Mar
Jan
Mar
20%
18%
Jan
Feb
Mar
11
Apr
1%
102
Mar
Mar
35 v
16%
2%
108
1%
19%
5%
Feb
:: Jan
36%
Royal Tynewrlter
Russeks Fifth Ave
75
11
18%
Taggart Corp com......l
Tampa Electric Co com..*
%
Rossla International.....*
87
100
i Mar
10%
Union
900
r
26
Union Gas of Canada
200
Jan
Jan
1,600
%«
50
Jan
Mi
Ryeraon & Haynes com.l
9%
2%
11%
Feb
*
5%% conv pref
Feb
Ryan Consol Petrol—
Jan
9%
110%
Apr
Apr
Apr
1
Mi
9%
.3%
Ryan Aeronautical Co...l
17%
17
2%
Apr
%i
Tung-Sol Lamp Works...1
Mar
11%
Jan
103
...1
6%
Moo
400
Mar
9%
100
*
5
Sun.Ray Drug Co
3,100
-4
10%
15%
15%
2%
14%
4%
Machinery..;_.*
Apr
300
14%
14%
10%
Class B commSft——.
11%
Feb
16
Inc.......t..... 1
Jan
Mi
20
Feb
Corp...
Feb
10
Jun
Apr
1
"266
Mar
Novadel-Agene
103
Feb
11
,
Jau
Jan
200
1%
%
Northern Sts Pow cl A..25
11%
•it.
5% 2d preferred...i.20
.Sterling Aluminum Prod
Sterling Brewers Inc
1
Feb,
ht
47
2
1%
3%
Northern Pipe Line.
11
10%
1
•-,:/>* .-Apr
14
1
Feb
3%
106
Jan
■i 12
50
275
11
10%
»%•
Fe9)
52%
16%
Mar
-
»u
7%
Feb
3% Mar
Apr
Apr
7%
Jan
Jan
1,300
•
4%
.Sterchi Bros Stores..!
f Mar;
103
56
60
Corp com..5
5
Mi
100
10
Apr
2
Apr
Apr
Apr
Feb
Jan
pfClOO
6% preferred D
100
Rochester Tel 6 %% pf-100
2%
7% preferred...
t%
1%
2%
Apr
Rochester G &E16%
200
Nor ind Pub Ser 6% pf. 100
Jan
Jan
-
Todd Shipyards Corp...*
2,300
No Am Utility Securities.*
Nor Central Texas Oil...5
3%
:
Apr
.
Ml
51%
1%
Mar
14
Apr
Apr
13%
4%
1
2%
Apr
10%
200
8
111
.
Ml
50
300
11:
10%
46
JaD
*
10%
Jan
•■%
:
Mar
*
Feb
i
2%
2%
1
*
2
Co..)
Products
?
Root Petroleum Co
Feb
Jan
Feb
Stein (A) & Co common..*
Apr
i
Voting trust ctfs.. „:
Jan
%
Jan
Feb
2%
%
Mar
100
Apr
10
$1.20 conv pref
5
1%
Jan
1%
1,600
87'
Rice Stlx Dry Goods
Nineteen Hundred Corp B1
Nlplssing Mines
Feb
18
Apr
Starrett (The) Corp v t c.l
109
150
140% 140%
1
Rome Cable
14%
100
11
Apr
Apr
Roosevelt Field Inc
Apr
"30
Feb
Jan
35
1,800
1
Jan
10%
11%
Jan
Jan
6
Jan
*
Class B common
Jan
'2~306
27%
Jan
Mar
Superior Port Cement—
90
100
10%
2%
Feb
400
H
4%
7%
Jan
106
Roeser & Pendleton Inc.*
2%
Class A preferred-... 100
•6 preferred
Standard
*
Republic A viatlou
Jan
'us
Feb
6%
7%
Jan
Common class B.i..._*
Preferred.......
Jan
Feb
Mar
Feb
Apr
27
25
5%
Standard power A Light. 1
i
,TUo Roofing Inc
Feb
53
122
•'
5%
0%
100
......
100
Voting common
Feb
69%
Jan
SwanJEfiuch QU Corp«..l5
Jan
Apr
Apr
200
;Standard Silver Lea<l....l
.Standard .Steel Spring...5
Standard Tube cl B
.1
Mar
100
Radlo-Kelth-Orpheum—
Option warrants
Railway A Light Sec-
Mar
37
Class B opt warrants...
Niagara Share—
Class B common
5
North Amer Rayon cl A.
"■
33
Mi
6%
M«
1%
Feb
Feb
375
95%
43
14%
Jan
%
4%
1.075
93%
43%
*
Apr
Jan
Feb
Feb
%
1. 6% 1st preferred..... 50
ttelter Foster Oil Cor p. 60c
1%
50%
28%
26%
Jan
.Standard Oil (Ohio)— '
5% preferred100
Jan
19%
Mar
Apr
6%
;
*
7
Class A opt warrants
Common
Jan
2%
96%
Red Bank Oil Co
27
42
Mar
23%
'#4
i
Jan
3
Raytheon Mfg common 50c
Feb
6%
Jan
Mar
24%
ik "i H
Superior Oil Co (Calif)..25
Jan
102
Mar
Jun
$1.60 conv preferred.20
Standard.Oil (Ky)
Ill
Jan
Mar
•,
,
Feb
91%
Jan
27
Jan
Feb
%
33
.
200
3
35
Jan
100
27
5%
11
Conv preferred
.10
Standard Dredging Corp—
Common
..1
R
Feb
%
300
Jan
16%
2%
Apr
2%
<•
Jan
I'u
Jan
,
Railway A Utll Invest A.l
Raymond Concrete Pile—
Common...
.*
$3 conv preferred
*
25%
27%
Standard Cap A Seal com 1
Feb
Apr
V
,
2%
Jan
Jan
Feb
,
55%
100
1
700
5%
6%
27
5%
Spencer Shoe Corp. — ._*
Stahl-Meyer Inc
.....*
Standard Brewing Co 2.78
i
Jan
9%
100
900
26%
23%
5%
6%
Amer dep rects ord reg..
|
63%
'48%
.
Feb
Spanish A General Corp—
Jan
100
7%
Jan
43
900
3
,
5%
Jan
Apr
Apr
Apr
9
59
Feb
2%
18
Ja
•
%
1st preferred..........*
p
Jau
Rio Grande Valley Gas Co
10
NUes-Bement-Pond
*52%
93%
6% preferred
Apr
s&s
6%
23
Jan
1%
5
Reliance Elec A Engin'r'g 5
6%
22%
10
Apr
40%
.
Reed Roller Bit Co
Jan
Apr
2
Stroock (S) Co
Jan
2%
Apr
500
2%
3%
122
8% Preferred A......25
Southland Royalty Co...5
Spalding (A G) & Bros—l
:Sullivan
Jim
1%
25%
23%
.t
Jan
,12
Mar
21%
N Y Water Serv 6% Pf.100
:
200
*
Quaker Oats
Jan
10%
53%
1%
78
5
Jan
Stetson (J B) Co com
StInne8(Hiigo) Corp
Niagara Hudson PowerCommon...
5%
"5*1*
100
100
Rheem Mfg Co
New York Transit Co
1%
Pyle-National Co com...5
Pyreoe Manufacturing.. 10
N Y State Elec & Gas—
15.10 preferred...... 100
Jan
36%
Jan
20
110
6%
Mar
9
400
*
Feb
78
90
Mar
Mar
100
1%
$6 preferred
N Y Shipbuilding Corp—
Founders Shares —...:
250
9
$5 prior preferred
Jan
4%
20%
85%
4%
Feb
101%
Jan
30%
25%
5%% pref series C...25
Southern Phosphate Co. 10
Southern Pipe Line.
10
Feb
Apr
Apr
Apr
86
Jan
Feb
Jan
1
1%
Feb
Feb
Apr
7%
10
N Y Pr & Lt 7% pref--100
"
4
31%
Jan
Puget Sound P & L—
Mar
85
1%
13%
Warrants
N'Y Merchandise
Apr
*
6% 1st preferred
7% 1st preferred
Jan
8
Jan
200
Public Service of Colorado
i
/.f Mar;
1%
30%
2%
Southern Colo Pow cl A.25
Jan
Jan
Feb
City Omnibus-
N Y A Honduras Rosario 10
Mar
2%
Apr
3%
31%
3,200
Producers Corp of Nev... 1
*
W Y
3%
Prosperity Co class B_..*
2%
1%
Mar
Steel Co of Canada
Jan
3
*85"
New Mex & Ariz Land...l
N Y Auction Co com
4%
34%
Prentice-Hall inc com...*
Quebec Power Co
New Idea Inc common...*
New Process Co
Mar
1
New Engl Pow Assoc....*
Apr
29%
3%
Canada...*
Jan
,
7%
Jan
Apr
Mar
7%
10%
600
Nat Union Radio......30c
25
•
Apr
Jan
1%
25
27%
6% preferred B......25
1
.
Jan
95%
93
•
Nebraska Pow 7% pref. 100
Nelson (Herman) Corp...5
New Jersey Zinc
25
'%«
300
1%
2%
2%
28%
f 5% original preferred.25
Fel)
5 >
!
Puget Sound Pulp A Tim *
Navarro OH Co..
100
High
3
Apr
Southern Calif Edison—
Feb
Jan
Jan
5%
22%
""600
National Tea 5
Mar
300
1%
Southwest Pa Pipe Line. 10
3%
45%
2%
1
Low
4,000
Jan
Jan
1%
1
3
Apr
Apr
7%
7%
Jan
22
*
Jan
10%
Jan
70
2
7
7
Jan
Jan
'
National Steel Car Ltd..*
105
Jan
1%
Alexander...5
10%
Apr
Mar
Mar
Apr
66
71
3%
4%
Pressed Metals of Am__.l
oom.
*
1%
2%
2%
175%
96
25c
Providence Gas
Nat Rubber Mach
1
1%
100
Mar
Pneumatic Scale com... 10
Jan
Jan
3,600
8
8 "
*
*
86 pref stamped
1
South Coast Corp com._l
South Penn Oil........25
Jan
36%
9
Pittsburgh & Lake Erie.50
Pittsburgh Metallurgical 10
Pittsburgh Plate Glass..25
Pleasant Valley Wine Co.l
•id
9
1,300
Feb
81
600
29%
33%
1%
*
11
.*
1
" Ve
Feb
5
Apr
7%
5%
■
"
■
Pltney-Bowes Postage
Jan
4%
33%
18%
.
.
1
1
Range Since Jan. 1
I
Shares
3
2
1
for
Week
Southern Union Gas.....*
..1
Common
Plough Inc common. ..7.50
.
250
1%
3%
29%
3%
Conv $3 pref series A. 10
i.
Nat Bellas Hess com
National Breweries com
2%
Apr
125
*450
89%
1%
Pierce Governor common.*
100
Feb
Phoenix Securities—
N
Nacb man-Springf illed
1
Apr
Apr
78%
70%
25
"43%
87%
1%
Pioneer Gold Mines Ltd.l
Apr
4»8
of Prices
High
Solar Mfg Co.......
Sonotone Corp..
Feb
20
Philadelphia Co common.*
8% pref.25
Phillips Packing Co
*
Apr
1%
Common
100
Mar
2%
""4l"
Pbila Elec Pow
Jan
»
Murray Ohio Mfg Co..
Muskegon Piston Ring.2 >4
Muskogee Co common...*
8% preferred—
100
40
125
Circle Co.......*
17%
%
Mountain States Power-
--:-*
Mountain Sts Tel A Tel 100
200
77%
77
125
87%
100
Apr
Apr
%
Mountain City Cop com.5c
Mountain Producers... 10
Week's Range
Low
South New Engl Tel...100
Jan
Feb
Mar
Mar
15%
15%
3,800
2,100
Moody Investors part pf.*
Moore (Tom) Dist Stmp.l
Mtge Bank of Col Am she.
30%
••
Feb
Mar
87%
85,%
,
i
125
50
Pepperell Mfg Co
Price
Boss Mfg common....... 1
Pharis Tire & Rubber..-!
6
Mar
Mi
*
$6 preferred
Perfect
Mar
56
*
Penn Salt Mfg Co..
Mar
Feb
30% Mar
1%
Feb
1% Mar
Feb
"266
Monogram Pictures com.l
Monroe Loan Boc A.....1
Ward A...*
High
26
j
Penn Pr & Lt $7 pref...*
Mar
0%
5%
Sale
Par
Solar Aircraft Co
*
common
Last
STOCKS
(Continued)
Low
*
Pennsylvania Gas & Elec—
;,
2,50
Montgomery
Range Since Jan. 1
Shares
S2.80 series pref
5
Missouri Pub.Serv com..*
Mock Jud Voehrlnger—
Montana Dakota Utll.
Price
Sales
Friday
for
of Prices
Low
High
Pennsylvania Edison Co—
..100
Common
Week's Range
Sale
Par
Mississippi River Power—
6% preferred
Last
(Continued)
Range Since Jan. I
Week's Range
Mining Corp of Canada..*
Minnesota Mln & Mtg...*
Minnesota P A L 7% pf
Sales
Friday
Sales
Friday
34
34
150
62
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4067
Volume 155
NEW YORK CURB EXCHANGE
Friday
Sates
Friday
STOCKS
Last
Week's Range
Sale
of Prices
Low
High
Week
Price
Friday
Sates
BONDS
Last
Week's Range
BONDS
Last
Week's Range
(.Continued)
Sale
of Prices
Low
High
(Continued)
Sale
of Prices
for
(Continued)
Price
"High
Shares
Price
Low
•:
Range
Since
High
Jan. 1
Public Service Co of Colorado—
1st mtge
3)4s—
1964
S f deb 4s
.1949
...
Pub Serv of Indiana 4s
Gatlneau Power 3)4s A...
Va Pub Serv
98)4
Gen Public Util6^s A...
Venezuelan Petroleum... 1
85 M
General Pub Serv 5s_
Valspar Corp com.......I
$4 conv preferred
5
Gen Water Wks A Elec 5s.
83)4
Glen Alden Coal 4s.
89
■
V
7
k
'
Great Nor Power 5s stpd..
*
Waco A »<raft Co
Baking—
Guantanamo & West 6s...
Queens Borough Gas A Electric—
40)4
*14)4
Safe Harbor Water 4)4s..._1979
15)4
Houston Lt & Pr 3)4s
Hygrade Food 6s A...
Sheridan Wyo Coal 6s
6s series B
5
Southern Calif Edison 3s
90
Hydro-Elec 5s
1958
1st lien & ref 5s
1963
9254 104)4
89)4 100
1952
1970
U00>4 102)4
72)4
76
76
74
109)4 112)4
106)4 107)4
100)4 103)4
1971
Southern Indiana Rys 4s.... 1951
Southwestern G A E 3 )4s
Southwestern P & L6s
1970
..2022
Conv 6s stamped
......1951
Debenture 6s
Dec 1 1966
♦Starrett Corp Inc 5s.
1950
Stlnnes (Hugo) Corp—
7-4s 2d
1957
1946
7-4s 3d stamped
1952
♦7s series F
May 1948
Debenture 6s
♦7s (Aug 1941 coupon)..1957
I
Woolworth (F W) Ltd—
Amer dep rets
5s
Wright Hargreaves Ltd..*
May 1948
6s gold debentures
...1957
Standard Power & Light 6s.. 1957
1955
♦6)4s (Dec 11941 coup). 1955
♦7s series E
6s (stamped)
80)4
71)4 80)4
79
112)4
106)4 107)4
♦6)4s series C_.
2
1989
Standard Gas & Electric—
71J4
{International Power Sec—
Wolverine Portl Cement 10
Petroleum
89)4
♦Indianapolis Gas 5s A..
Indianapolis P & L 3)4s
.10
Woodley
May 1957
1950
106
Wolverine Tube com
92)4
98)4
97
Indiana Service 5s
!
Wisconsin P A L 7% Pf
95)4
1st mtge 3s
Spalding (A G) 5s
*
Wilson-Jones Co.
99)4 101)4
1956
Indiana
Williams Oil O-Mat Ht..*
Ine
99)4 106)4
95)4 105)4
1953
1954
SI deb 5)4s
Weyenberg Shoe Mfg
1
Wichita River Oil Corp. 10
Products
107)4 109M
1st A ref 5)4s series B
Coal....20
Williams (R C) & Co
1109)4 110)4
1st A ref 5s series C
111 Pr & Lt 1st 6s ser A
*
Westmoreland Inc......10
Wilson
1967
Idaho Power 3)4s
Western Tablet A Htatlon'y
Westmoreland
1970
3#s
Southern Counties Gas (Calif)—
7% 1st preferred.... 100
Common
1965
Southern Calif Gas
Maryland Ry—
Western
1947
South Carolina Power 5s....1957
Western Grocer com...20
y
1951
Shawlnlgan W A P 4)4s
1967
1st 4 )4s series p...—....1970
I11C..I
Lines
1951
Scullln Steel Inc 3s
West Texas Util $6 pref—*
West Va Coal A Coke
Lt & Pow 6s B.1952
♦Schulte Real Estate 6s
1.25
Wentworth Mfg..
...1951
5)4s series A
San Joaquin
Wayne Knitting Mills...5
Wellington Oil Co
1
Air
86 W
111)4
1
Walker Mining Co
Western
90
41H
40
{♦Guardian Investors 5s..
*
Class B
1950
1st A ref 4)4s series D
*99)4 100
176)4
79)4
Grocery Store Prod 6s
100
preferred
W 'it & Bond class A...*
%
41
*108
Green Mountain Pow 3 J48
extended
6% perpetual certificates......
Puget Sound P & L 5)4s....l949
1st A ref 5s series C
1950
99 ]/i
85
86)4
{♦Gobe! (Adolf) 4)4s A...
Grand Trunk West 4s
Wagna
86
9814
158 M
99)4
Georgia Power & Light 5s.
Vogt Manufacturing .....*
Public Service of New Jersey—
99)4 100)4
♦General Rayon 6s A
7% pref.100
1969
1946
Certificates of deposit
♦7s (July 1941 coupon..1952
Interstate Power 5s
1957
Iowa Power & Light 4)4s
1952
1958
Italian Superpower 6s
1963
Debenture 6s
1960
Texas Electric Service 5s
Texas
Power,A Light 5s..1.. 1956
A....'.....'—...2022
Tide Water Power 5s
1979
6s series
Friday
Last
Week's Range
Range
Sale
BONDS
of Prices
Since
Price
Low
High
Jan.
1
....1968
Toledo Edison 3)4s
Jacksonville Gas
(stpd)
1942
Jersey Cent P A L 3 )48.
5)48-.-1952
Twin City Rapid Tr
1965
{♦Ulen A Co—
1950
10
1949
112
5)4s.
1959
United Lt A Rys (Del)
5)4»-l952
(Me)—
103)4 105)4
82)4 100)4
Kansas Elec Power 3 )4s
Conv 6s 4th stamped
Kansas Gas A Elec 6s..
Electric Co—
American Gas A
.
.
;v
,
2)48 8 f debs
3)4s 8 fdebs....——
3)4« sf debs
United Electric N J 4s
3)4s..
Kansas Pow A Lt
1950
I960
...1970
1st lieu & cons
United Light A Railways
Lake Superior Dlst Pow
Paper 6s.-..-1961
Appalachian Elec Pow 3J48--1970
Appalachian Pow deb 6s... .2024
Arkansas Pr A Lt 5s—..^..1956
Associated Elec 4)4s——-.1953
{Associated Gas A Elec Co—
-
.
i
•
*106)4 109
99)4 101)4
108)4 108)4
McCord Radiator A Mfg—
.....1948
-v-W49
....1950
1*K»
1977
♦Convdeb4)4s
♦Conv deb 4)4s.
♦Conv deb 5s
♦Debenture 5s
*Conv deb 5)4s..
3)4s. 1966
Long Island Lighting 6s
1945
Louisiana Pow A Lt 5s...... 1957
'
Meugel Co conv 4)4s.......1947
6)4s.__1945
5s
1943
Milwaukee Gas Light
4)4s..l967
105
1st ref 5s series B
Deb
s
f 6s
Waldorf-Astoria Hotel—
♦5s Income debs
Mississippi PAL 5s
101)4 101%
1106)4 107)4
1957
1st A ref. 5s
1 5s without warrants
105)4
1978
1955
Minnesota P A L 4)49
1947
1947
100)4 101M
111
111)4
Mississippi River Pow 1st 5s. 1951
Missouri Public Service 5s...1960
104
104
w
Wash Ry A Elec 4s
Wash Water Power
West Penn Electric 5s
*101)4 102
107)4 108
West Penn Traction 5s
Western Newspaper Unlon6s unstamped....
Convertible 6s
Nassau A Suffolk Ltg 5s
- — -
Canada—
)4s.-
5s
New Amsterdam Gas
1948
El Assn 5s.. 1947
53...—1948
Conv deb 5s.
1950
New
England Pow 3)4s.
5s
Debenture 5)4s
Canada Northern Power 5s.. 1953
Central 111 El A Gas 3)4s. ..1964
Friday
New Orleans Public Service—
♦Income 6sseries A...Nov 1949
N Y State E A G
1934
-
N Y A Westchester Ltg 4s..2004
3)4s
1964
Debenture 5s.....1954
PAL 5)49—1953
1927
{♦Chicago Rys 5s ctfs
Cincinnati St Ry 5)4s A
Conv deb
5s
5s...
■
Debenture 5s..
.
Debenture
Foreign Governments & Municipalities
1961
1948
1954
1948
{♦Central States Elec 5s
Cities Service
104
BONDS
Nor Cont'l Utll5)4s
Northern
1st
65
Ind Public Service—
67)4
Connecticut Lt A Pr 7s A.-.1951
Consol Gas El Lt A Pr (Bait)
...1971
3)48 series N
1st ref mtge
3s ser P
1st ref mtge 2)4s ser
1969
Q....1976
101)4 102
*119)4
—-
.....1955
102)4 102)4
♦External 6)4s stamped...
Ogden Gas 1st 5s
♦Lima City
♦Medellin 7s stamped
Ohio Public Service 4s
Okla Nat Gas
♦
♦Mtge Bank of Chile 6s
Mtge Bank of Denmark
♦
Pacific Ltg A Pow 5s..
*100
Pacific Pow A Light 5s
99)4
*25
Park Lexington 3s
Penn Cent L A P 4)4s.
1st 5s
■_
Penna Water A Pow
Elinira Water Lt A RR 5s
1970
5)4s
Phila Rapid Transit 63
99)4
28)4
105)4 105)4
3)4s...l964
3 )<8 ....
Phila Elec Power
103
101)4 102)4
Eastern Gas A Fuel 4s
Empire District El 5s.—
1972
106)4 105)4
105
♦5s stamped
1940
5s stamped extended
*96)4
99)4
1950
188
91
Bank 6s-5s stamped
Potomac Edison 5s E
1961
4)4s series F
1953
*961
Florida Power Co 4s ser C—.1966
Potrero
Florida Pow A Lt 5s
Power Corp (Can) 4>4s B...1959
..1954
Sugar 7s stpd
1931
5s..1972
1958
...1959
6)4s..l919
_.f..l921
1949
♦Russian Government
♦5)4s
♦Santiago 7s
♦No
113)4 113)4
1962
Federal Water Service 5)4s__1951
(State) 7s
♦Rio de Janeiro 6)4^
Parana
1106)4 108
Portland Gas & Coke Co—
Finland Residential Mtge
Issue of Oct 1927
*122)4 124
Cuban Tobaceo 5s.....
Electric Power A Light 5s
1947
Mtge Bank of Bogota 7s
♦Issue of May 1927
3)4s B_.
Continental Gas A El 5s..
Cudahy
(Peru) 6)4s stpd. 1958
1958
1951
♦Maranho 7s
......1971
Okla Pow A Water 5s.
4)4s...........1954
—1958
1944
Packing 3)48
...1955
1952
1945
Ohio Power 1st mtge 3)4s...l968
Consolidated Gas (Bait City)—
Gen mtge
1953
:
Danzig Port A Waterways—
1st mtge 3s
*108)4 108)4
105)4 105)4
1948
3?4s series A.........1969
67 )4
65
Since
April 1946
—Jau 1947
♦20-year 7s.
♦20-year 7s
Bogota (see Mtge Bank of)
♦Cauca Valley 7s
1948
Ext 5s
A It 6)48^.-1952
Jan. 1
Agricultural Mtge Bk (Col)—
Danish 5)4s
5)4s
....1949
Community PAL 6s.—
1957
Range
of Prices
High
Low
*114)4
5)4s series A
1956
Nor Boston Ltg Prop 3)4s__.1947
..-....-1955
Jan 1966
1950
1958
Sale
Price
*106)4 1073/4
North American Light A Power—
1952
Week's Range
Last
104
110)4 110)4
5»...—*—i--.1869
Cities Service P
D
New Eug Gas A
5s
New Eng Pow Assn
6s series B
D
1947 J
Nevada-California Elec 5s...1956
....
Birmingham Electric 4
Boston Edison 2)48
Central States
76)4
65
A-.-.2022
69 series
Bethlehem Steel 6s
1937 J
{♦York Rys Co OS stpd
♦Stamped 5s
1981
Nebraska Power 4)4s
5s Beries C
♦5)49
63)4
1945
{♦Nat Pub Service 5s ctfs...l978
1st M 5s series B
Broad River Power
75
Works-
Baldwin locomotive
*
2»4
109)4 109)4
$108
109
3)48..
6s stamped...—.....
Bell Telephone of
90
*100)4 101
58
58)4
Midland Valley RR.
.
83)4
.
Atlanta Gas
Avery A Sons (B. F)—
5s with warrants
Deb 6s series A
107)4 109
94)4 100
1944
2022
1st lien & gen 4)4s
1109)4 109)4
Middle States Petrol.
deb 5)4s A...-1955
Light 4)4s
1955
Atlantic City Eleo 3)4s
1964
Utah Power A Light Co—
85
85)4
99)4 100
108
108)4
Metropolitan Edlsou 4s E—1971
4s series G
1965
Assoc T AT
106 »4
99)4 103)4
Virginia Pub Serv 5)4s A.
1948
6s stamped...
106
115)4 *17)4
1952
6s series A
deb 6s. .2016
Amer Power A Light
Amer Writing
12)4
114)4
United Light A Power Co—
105)4
n
par
value,
a
Deferred, delivery sale,
Under-the-rule sale,
r
Cash sale,
x
* Friday's bid and asked price; no sales being
♦
d Ex-interest.
Ex-dlvldend.
«OJd-lot sale,
-
transacted during current week.
I
Bonds being traded flat.
{ Reported in receivership.
Abbrecl'Jlons
Used
1947
Abntc—"cod," certificates of deposit; •'cons," consolidated;
•'cum," cumulative; "conv," convertible; "M," mortgage; "n-v."
"v t c," voting trust certificates; "w 1."
without warrants.
non-voting stock:
w."
when Issued; "w w." with warrants; "x
& FINANCIAL CHRONICLE
Monday, April 27,-1942
OTHER STOCK EXCHANGES
:
i
.
»
.
r-\
Sales
Friday
Last
Sale
Baltimore Stock Exchange
:
'v';
/
'?-A" V"- Vv-'-'
•'
High
Shares
High
;
Consumers
143*
Arundel Corporation.....*
Bait Transit Co com v t c_*
-
143*
143*
Apr
17 H
Jan
452
50c
Jan
96c
Jan
5%
52 3*
Jan
60c
v'M'4 v;
280
4
Jan
i
184
40
Mar
1
107
Mar
115
i
120
Mar
108
Jan
Mar
116
44
\.i 43*% pref B... —-100
108 3* 1083*
1]
100
100
109
109
4% pref C
100
..20
Fidelity & Deposit
Houston Oil
20
108
Jan
/
preferred. .100
B.
37
'
Mai
H
5H:
.Apr!
1?*
Apr
?*
Jan
13?*
19?*
Jan
17'?*
Apr
Apr
9
Apr
Jan
'14
Jan"
7%pf.25
MononW PennPS
30
93*
93*
Feb
9H
Jan
I
Common............
11
Feb
9H
Jan
j
50
193*
Apr
22?*
Jan
7% cumul pref
.100
Curtiss-Wright—...... 1
2.00
200
1.50
Jan
2.00
Feb
Jan
90
Apr
97
Mar
90
Feb
92
Feb
28 v
Jan
30
Mar
22
Jan
25?*
Feb
26?*
Apr
313*
V*
'"12 34 "'Jan'
89^* rApr
7 :
Apr
104?* r Jau
•
.
fir
/ Jan
.
903*
903*
90
90
28
28 3*
28
23?*
28
210
24
263*
Western National Bank .20
vlO
";M\ '"15
-•
1,085
32
*
Dayton Rubber Mfg com.l
Decker (Alf) 6c CohneomlO
Deere A Co com
Class A——L
.
——4--*
Elgin
Bonds—
50?* S20.000
42
1975
59
60
17,000
Ga&AlaRy 1st cons 5s 1945
19
19
9,000
Feb
33
*
\llx
11H
Corp 5
3?*
33*
Dodge Mfg Corp com
Elec Household Utll
49 H
20
2%
19?*
63*
1?|
19?*
33?*
—.j—*
—
7?*
2?*
7H
1
•
Feb
2?*
24?S
Mar
National Watch Col5
9J4
A 5s flat...
'
Vvl :
r-?;
April
April 24, both inclusive,
18 to
Feb
Jan
Apr '29 54
2?* ' Jan
2?*
Jan
60
19
Apr
t m
,23*
Fairbanks-Morse com.'ii^*
29%
30?*
29?*
Mar
7?*
16?*
6?*
"Apr
/
(Peter) Brewing com.5
G%
16?*
Mar
$ 19
Mfg Co com...—1
3?4
3?*
36?*
36%
..5
General Electric Co....*
9?*
213*
23
24?*
com..10
*
32?*
•
Jan
Fox
.v
;• Fuller
Exchange
General Candy A
compiled from official sales lists
c
Sales
Friday
Week's Range
Last
Range Since Jan. 1
for
Gen Motors Corp
'
"
Sale
of Prices
Price
Stocks—
Low
High
Week
Gillette Safety Razor com
Shares
Low
Tel....—,100
Apr
134 K
Jan
Jan
91*
Mar
Boston A Albany
755*
Jan
Boston
211*
421*
Mar
Jan
56
10?*
Mar
14 J*
Boston
Boston
10C
Edison
25
Elevated.
100
Herald-Traveler..*
.
91
Great Lakes Dr A Dk
Hellemau Brewing
Jan
Heln Werner Motor Parts 3
Horders Inc
Jan
.100
Trusts.*
Providence.—100
Calumet A Hecla
5
Conn A Pass Rivers RR
Co (The) pref—... — 100
1 %
81*
CI vss C 1st pref stpd
Boston Pers Prop
16
Boston A
5%
Feb
Hubbell Harvey Inc com.5
Jan
Hupp Motor Car com
1
Feb
Jan
Illinois Brick Co cap.
Apr
Jan
7?*
7J*
10?*
73*
7%
24
'
13
1?*
Jan
7
Jan
Apr
200
Indep Pneum Tool s t c—*
Indianapolis PAL com..*
84
'
•
Indiana Sted Prods com.. 1
:
10
Fuel Assoc—
10c
Jan
70c
Apr
%
East-Mass at Ry com.. 100
100
Preferred B..
Jan
Jan
Jan
Feb
21
Apr
245*
31*
31*
Mach Co. .15
Jan
31*
Feb
5
Jan
c
Jan
McCord Rad A Mig cl A.
13k
Jan
Mrchnts AMfrs SeccomAl
Feb
64c
Apr
91
Stone A Webster........*
Jan
51*
Apr
28
Jan
351*
*
52?* Mar
12?*
SI
Jan
Mar
v
2?*
501*
Jan
Vermont A Mass Ry Co 100
9f?*
Apr
61*
211*
Mar
Jan
Waldorf System
*
Warren (S D) Co
*
Bonds—
.
-
6?*
■}''" 200
44
H
prior preferred
H
23?*
25?*
10
6
Montg Ward A Co com—*
'7.
5u
950
6
5*'
Natl Cylinder Gas com... 1
Jan
cNY Central RR cap...*
7
7?*
Mar
Noblitt-Sparks Ind Inc cap5
18
19?*
400
18
18 to April 24, both
6
200
$*4%
i:8
8
so
Last
Feb
425*
1041*. Jan
c
Nasb-Kelvinator Corp..5
r
Sale
Price
Stocks—
of Prices
Low
High
for
•
7% prf 100
.100
Nunn-Bus'n Shoe com.-2 h
33?*
37?*
Adams Oil A Gas Co com.*
4
4?*
4
Mar
Apr
25*
2J*
2
Jan
Allied Laboratories com..
10>*
10?*
10?*
49?*
4?*
Jan
Feb
Mar
3
175*
18?*
Mar
20?*
20?*
20?*
Apr
22?*
Jan
Allis-Chaimers Mfg Co...*
235*
24?*
23?*
Apr
30?*
17
17
17
Apr
20
Peabody Coal Co B com. .5
75?*
75?*
An
83
Feb
f
c
j j
Altorfer Bros conv
pref—*
pref.....100
Am Rad A St San com..*
Am Pub rierv
c
Amer Tel A Tel Co cap.
c
4
100
Armour A Co.
23'A
common..5
3
Co com._l
Aro Equipment
110?*
23?*
2±?*
*
Aviation Corp
•,>•■-
8%
11?*
1%
400
70
36
10
Corp.....*
5
60
36
Pure Oil Co (The)
7?*
Apr
Jan
3.
Jan
Feb.
Apr
26?*
Feb
734
Apr
103*
7H
750
610
70
April 18 to April 24, both
Berghoff Brewing Corp.. .1
c Bethlehem Stl Corp com
Bliss A Laughlin Inc com.6
*
2?*
2?*
10
39?*
39?*
Radio Corp of Amer com
Rath Packing com
Raytheon Mfg Cc
6% pref5
Reliance Mfg
11?*
10.)
10?*
1134
Mar
4
Jan
Sangamo Elec Co com...*
Sciiwitzer Cummins cap.. 1
16
16
50
14?*
Jan
Apr
7
Apr
8
Feb
Jan
26
Apr
39?*
Mar
Jan
Apr
3?*
Feb
4?*
Jan
—
t-Michigan Stove com. 1
20
27 A
Mar
30
Apr
troit Paper
15c
Apr
Apr
wkenmuth Brew com.l
1%
2%
13*
2?*
4?*
34 3*
34 3*
2?4
Jan
1,145
11
23?*
13^*
554
11
5?*
5?*
1934
;
25
21?*
22
V
1,700
Swift International cap—15
20?*
205*
31?*
55*
85*
600
25
30?*
55*
83*
58?*
42?*
14?*
14?*
Castle (A M) A Co com.. 10
16
16
Cent 111 Pub serv S6 pref.*
41?*
46 J*
5 J*
285
50
?*
50
3*
?*
200
110
83?*
29.1M
83?*
"t»
28?*
3,350
— —
pref*
5?*
3*
1
50c
*
29
57 prior lien pref
*
Chicago Corp common...1
H
Convertible preferred..*
28
15
150
10
Apr
70
Jan
7% cum preferred—.100
5?*
Mar
6?*
Feb
Utah Radio Prods com... 1
>t» Mar
?*
Jan
Jan
Wayne Pump Co cap.
43
Jan
83?*
Apr
Westugbs EldcMfgcom.60
?*
Mar
51?*
54 5*
23?
485
550
8?*
45
2?*
Jan
Jan
Mar
,
51
9?*
56
3?*
_
—
.1
Jan
,
Williams Oil-O-Matic com*
Feb
1?*
33
100
5?*
100
8
Wisconsin Bankshares com*
Feb
Woodall Industries com..2
Mar
Wrlgley (Wm jr) Cocap .*
Yellow Tr A Coach cl B. 1
Apr
c
Jan
fcenith Radio Corp com..*
608
100
834
475*
.115
562
*
•
1?4
100
•-'4 3*
:
42?*
400
45
98
•.,'•180
100
>
-45*
3?* *•334
•40
..
,
>
:
200
'• It).)
310
i 10?*
10 >*
10
•i
105*
485
10?*
•
.
Jan
Apr
.
isco
Jan
Feb
6 .*,•••
10
.
Apr
Ja.
4}* Mar
2>*
Jan
40
./
26?*
Jan
Apr
10?*,; Apr
;/<
irray
Jan
Jan
1734
Feb
-13*
200
1)4», Jan
13*
Jau
20c
| 22c
Mar
23c
81c
J
81c
Jan
1.25
8
'<
8 '.
1,
:
2?*
:
16o
6,500
100
j
75c
210
.
.
,,
.:.19?*
i
75c
i
4?*
2
t
Iker & Co B—
u._
J
vne
Wayne Screw Prod com..4
Screw Prod com..4
Wolverine Tube conuk_;2
,
x: 33*
63*
4
75c
63*
•
.
6%
Feb
Mar
76c
Mar
Jan
1
,
?*:'.:: Jan
Apr
1%
Jau
'Jan'
23*:
Mar
2?*
Mar
2
Mar
1% 'Mar
96
Apr
Feb
1,033 '. ,.'„75c
Apr
1.00
43*
Apr
53*
2%
Feb
100
43*
13*
626 ^.2
:r
650
..>.,13*
ij 950
(63* L :. -; .720
2?*
L'J?*; •i 1 %
t 33*v •13?*
4
20
Jan
23*
27
Jan
Apr
95
320
Jan
.53*
13* Mar
23*
Jau
23* •'Jan
13*
Jan
100
i,
96 4
T
Specialties)-.:.!:..lift"
—
1?*
13*
1
j
(Fred'k) pref.. 100
oil Brewing com.--I:it
Aircraft com
(2 3*
23*
1H
4, m
f: 95
.
100 ..,56c
h
com...-:.—.1
...
Jan
Apr
Apr
2
427
148 ,; /5
?
68c
-
.
110
23*
Jan
6.3* i, Jai
/S. ' ; Jan
/
110
| 5
5
>19?* 20
;. 5
■):
5-4
corn———J*
I
com..——i—.l
,rner
Oafl .Feb
6irc
213*
plicity Pattern com1... 1
arns
Apr
Feb
loo
ited
Jan
4V*
Mai
324
13*. i 13* I.
42% V 1,400
23*
[ Tube B
Jari
17%
i
Raisin Paper com..*
dler Mfg
Jan
30c
/■
i
rer
Jan
Feb
Jan
15?*
3k
4
45c
49c
68c
Mar
Jan
250
.
.173*
T
62?*
-.133*.
150
4
Jan
Feb
195
linsular Mtl Prod com. 1
Jau
16
263
X
99c
500
ldential Invest com.h.l
4
4
Apr
23*
Jan
Feb
Apr
70c
3?*
;;
500 j.
Jan
Jan
35
Mar
2
200
,2,100
49 c
Jan
Mar
5
Jan
303*
516
80c
Jau
17 3*
;■
81?*
Jan
2?4' Feb
Feb
140
4-
•ker-Wolverine com.i.*
1
Feb
3?*
.
•'v. 1.34
jkard Motor Car com..*
pke, Davis
Apr
Mar
2
2?*
,
49 c
1
Corp com.i—L.10
Jan
Mar
13*
200
2
49c
■'
chigan Sugar com..
itor Products com_ .1.-.„*
Feb
1.400
4
Drug
Jan
Jan
16
Clanahan Oil com.t —1
39
Apr
4
Screw Prod com.-l
>24?*
Jti'i
73*
2
75c
Car com..;*
coin:.—}
isei
Mar
13* Mar
lOo, Jar
2
rd Lock A Mfg
Apr
esge
•
.
64?*
dson Motor
Jan
Jan
25
58?*
Apr v 74?*;
47?*
423*. Apr
11?*
7?*
Apr
46?* Apr / 55?*
112 ?* Mar 119?*
1 ?*
v
13* Jan 4
18?*
163*
Apr
11?*
Jan
13?*
:./ .13*.
;
com-——1
iham-Palge common.-1
11 Lamp com——.5
over Ball & Bear com. 10
com.———.1
(8 8) com.10
/
•
233*
10
Motors com
Jan
53*
19
Jan
,
163*
165*
12?* 123*
24?* 25?*
64?* 663*
1?* '■AH
6
r-
Apr
1135* 113?* vii 103
Western Un Teleg com. 100
Feb
•u
Jan
Jan
'42?*
1?*
Mar
•
.325
603*
•
27
Feb
Apr
Mar
Mar
Mar
44?*
8?*
f ! /4
Walgreen Co common
100
Mar
Jan
250
-
U S Steel Common
Apr
?*
29
48
9?*
41?*
100
9?*
2)*
18
Apr
Chicago Yellow Cab cap..*
Chrysler Corp common...6
\
Apr
28
49?*
10
Jan
16
Jan
•
;
ebel Brewing
Jan,
21?*
19?*
3034
46?*
United Air Lines Trnspcap5
12?*
450
Chicago Flex Shaft com..5
com...
15?* Apr
1
n
Jan
V--2
;
3
Wood Ind com
Jan
5
Mai
4
4?*
r
Prod com.. 1
A pi
17
Trane Co (The) com
205*
6
516
400
Feb
Jan
-
4^8
1734
Feb
6 >*
Apr
1
17
25
2
Jan
•
:
*
Feb
2034 Apr
31?*/Apr
30!)
,
Ap>
11*
577
,
:i
2?*
2?*
100
UBGypsumGocom....20
For footnotes see page 1668
30
13*
Union Car o & Carb cap.
Cities Service Co
480
.350
32 3*
Can
Preferred.
2?*
3 ;
15*
;
134
20rt
Cent H W Util com
12
29
Feb
•13*
18?*
.
Jan
14
,
1,000
J3?4
333*
50
250
■
3 Ira
6
20?*
2,698
30
Stand Oil of N J cap—.25
capital
Thompson (J R) com.
15?*
Jan
3H
.13*
Jar
78o ; Jan
15
.Apr
7?* Apr
100
Sterling Brewers Inc com.l
Stewai t Warner Corp com 6
Texas Corp
15,200
153*;;
33*
.
.
939
c
Apr
200
13*
.
100
1)4
7 3*
22
35*
Mar
Apr
3 3*
2
154
Mar
Feb
:63*
m
7%
33*
13*.
1!*
20
1
Apr
Jan
13*
12c
Jan
13
t A
Fel)
13*
73*
20?*
capital
Feb
4
Mar
385
63*
t-6%.
com.——*
Clev Nav com
10
iwlev MUner
Feb
183*
troit Gasket com.....
Standard Oil of lnd cap.25
Swift A Co
17?*
Jan
3
Ja*-
trolt Edison com
254
Jan
•
73*
63* Mar
15?*
180
13*
13*
rroughs Add Machine.*
utlnental Motors com.l
52
■
100
370
Jan
Standard Dredg Crp com.l
Studebaker Corp com._l
;
300
18
Jan
Jan
105*
18
Feb
Spiegel Inc common
2
c Standard Brands com..*
c
3)4
r
Mfg com— — —
*
McLaren common. 1
83*
Jan
Jan
83*. Mar.
Shares
7
3?*
i
-7-
5
13?*
Jan
>wn
—
y
573*
33?*
—
High
Tmw
:
com...5
Feb
1334
Common
Drop Forge
Mar
Apr
15
3
;.
for • h
Week
63*
31?*
Mar
of Prices
4 3*
67
Jan
Apr
Sales
Week's Range
44?*
Apr
10
Apr
Exchange
100
Ap,
"54 .11?*
35*
35*
Mar
6
DETROIT
150
12
Jan
Apr
MM
Jan
Chicago Stock Exchange
,709
Jan
3?*
'
6?*
55?*
7?4
463*
Apr
Jan
7
4?*
6
j New; York Curb Aaaoclato
,
45*
12?*
22?*
8
46
20
47?*
*
Feb
39?*
6?*
8
6
30
1
Apr
14
Mat
50
25
6?*
Sigaode Steel Strap pref .30
3
19?*
Apr
44?*
4J*
:
Sears Roebuck A Co cap..*
Bundstrand Mach T'l com 5
...
iggs
15?*
2?*
5% cum conv pref....30
—;
id win Rubber com..
Jan
1?*
465*
3?*
5?*
conv
Jan
I yi
IJJ
20
2>*
10
Common
15*
2?*
300
11
Burd Piston Ring com.._1
Central 111 Secur
Feb
Mar
13*
2
21?*
Class A pref..
*
Bruce Co (E L) com—...5
Foundry cap.
as
107
Brown Fence A Wire—
Campbell Wyant A
Jan
16
Apr
Jan
2.3*
Jan
46?*
c
Serrick Corp Bcoro.—:
12
Borg Warner Corp com..6
Brach A Sons (E J) cap.
Butler Brothers...
3?*
57 3*
13*
Co com... 10
Jan
55?*
Jan
Apr
2
-50c
Common...
234
39?*
15?*
Feb
293*
Apr
50
Sale
50
46?*
5?*
Mar
2?*
341
Friday
350
.
Republic Steel Corp com *
5?*
56y&
23?*
10
Inclusive, compiled from offfoiat sales lists
Price
c
St Louis Natl Stkyds cap:*
Jan
Feb
25
0135* al33g
Jan
56
Jan
Mar
17
511
Last
56
Jan
11?*
3?*
Jan
58
100
Detroit Stock
Jan
Apr
2
225
5734
H
?4
213*
at)
22
Jan
Apr
,
Jan
32 J*
Apr
'Feb
Jan
19?*
50
43*
3%
,
11
Jar
300
Quaker Oati Co common.
27?*
12?*
.
6
100
6
6
7
25
25
6
15
Feb
Feb
Jan
2834
34?*
9*4
Telephoirei Randolph 5530
-
Apr
%,
133?*
34
17
100
Ford Building
'
10
25
:
21?*
355*
12?*
100
7
«53*
10?*
a23*
a23*
«26?* a26?*
Detroit Stock | Exchange ?
Apr
Apr
32?*
5?*
15
Apr
43
Apr
Apr
7?*
Jan
2'*
Jan
Mar
37
55
Mar
11?*
1,090
1
—
2?*
Bendlx Aviation com
410
Exciiange
New York Stock
■
550
205*
Sth Bend Lathe Wks cap.5
Belmont Radio
41
«73*
Mar
43?*
85*
50
36
3
Belden Mfg Co com
Apr
1?*
Watling, Lerchen & Co.
Jan
7
80
70
c
30
11?*
20
Pullman Inc capital-
10?*
40
Peoples G L A Coke eap 100
34%
(Del)——3
27
50
200
Apr
•
8
100
11?*
I?*
■
7
Apr
'
Atc'.i Top A s Fe com.
•30
2
*
—
Weinberger Drug Stores.. *
White Motor
.....50
Jan
Apr
2Vs
26
100
Athey Truss Wheel cap..4
c
Jan
20
7
Associates Invst Co com. .*
27
Apr
Apr
4?*
110?* 114?*
Anaconda Copper Min.50
Apr
Apr
al9?* «19?*
a46?* «47?*
85*
9.
..*
com
VanDorn Iron Works....*
Apr
22?*
260
45
6% preferred
.100
Pennsylvania RR cap—50
Mar
Class A—
.
Apr
15?*
65
24 H
i
■
Feb
18
Jan
Feb
12J4
18
—.—.——.25
Allied Prod Corp com. ..10
29
50
135
al53* «16
*
— ...
Thompson Frod Incr
Jan
8
100
11?*
Process Corp (The) com..*
Low
38?*
43 J*
8H
3?*
250
.
-
10?*
7
1 7
Paramount Pictures com 1
Potter Co (Tne) com
Week
Advanced Alum Castings.5
-
Jan
'
83*
22?*
10?*
Parker Pen Co (The) comlt
Range Since Jan. 1
Shares
2,310
Jan
Jan
40
Jan
33
1105*
-—5
Feh
r
1;235
f
22?*
*
Prior lien pref
c
Abbott Laboratories com.*
_
4 J*
8
.10
Northwest Bancorp com.
c
Sales
Week's Range
Apr
Feb
4
•
65
41
—-
43*
«Jan
Apr
inclusive, 'compiled from official sales lists
Friday
—
Apr
6
24
Chicago Stock Exchange
April
37?*
9
'47
111
43*
i!5
—
—
—
Rich man Bros.
Vichek Tool..
7?*
a7l4
Republic Steel com
U 8 Steel
Apr
.Ian
Natl Standard com
7H
Apr
,
63*
Mar
Apr
23?*
Feb
North West Util
1048
-
Ohio Brass B.;.
c
24 3*
3m
Ohio Confection A
Otis Steel....
Mar
110
30
2
N Y Centra] RR com..
Feb
31
Jan
24 3*
65
i
Jan
11?*
Jan
283*
10
163*
Prior pref 6%.
c
11?*
71
4
•
38
;29
—
„
Feb
Jan
Nrthwst Airlines Inc com.*
-
_
Jan
8.
Jan
350 *&
688
.
Feb
Eastern Mass St Ry—
Series A 4 3*s
v,
63*
4
27?*
Feb
8
53-,.
Mar
235*
50
Apr
Jan
•
78
«31
s
15?*
Selberling Rubber..— — — *
Standard Oil of Ohio..—25
/Api
Feb
3*
Feb
105
Jan
130f
,
94
.*
Jan
' Mar
Apr
460
■
Boston A Maine 43*s_1970
50
:;38
— —
35*
Mar
72J*
571*
Mar
20c
10
6?*
.
Apr
?*
4
Apr
3
350
t c
Jan
25*
450
^2,900
Jan
26:<
■*': 14
North Amer Car com.—20
United Shoe Mach Corp.25
Utah Metal A Tunnel Co.l
C») B...
Apr
«22?* «22?*
Medusa Portland Cement *
Reliance Electric
Feb
11
Miller A Hart Inc—
Common stock
Mar
8?* Apr
19?* '^Apr
30
7% prior lieu
.100
7% preferred A..... 100
Jan
Jan
Jan
Jan
2>*
140
100
6% prior lien
Feb
10?*
:
15?*
500
Midland Utilities—
Jan
32
United Fruit Co
i
Mickeloerry's Fd Pd com 1
10
Apr
3J*
'
Middle West Corp cap.—5
10
24
Interlake Steamship...
a3t
Kelly Island Lime & Tr— *
Lamson & Sessions.....
McKee (A
12?*; ' Apr
15*
Apr
550
Martin (Gienn L) com.. 1
241*
5
Union TwI-t Drill Co
»
com
Feb
Jan
9?*
75
—
Mar
18
.*
Torrlngton Co (The)
Feb
10
1011*
Feb
Apr
51?*
Feb
115
13?* a 13?*
Interlake Iron com. ....*
450
Jan
Apr
Jan
71*
c
*
hi
28c
81*
Jan
*
41*
*
74
Mar
Jan
Jan
84?*
50
Apr
•
110
Jan
Tel... 100
RR..100
North Butte...
2.50
Pennsylvania RR
583*
a
Industrial Rayon com..*
40H" Apr
,13
53*
N Y N H A Hartf
Reece But Hole Mach Co 10
c
•
Jan
115
11?*
New Engl Tel A
Shawmut Assn T C
Jan
Jan
8
Apr
Feb
Narragansett Rac Assn.-l
Jan
Jan
Feb
Apr
43
•.UK
Mar
Marshall Field
14?*
19
163*
3?*
Jan
Apr
Mar
3?*
Feb
Pacific Mills Co
25
Jan
•14?*;
/
6
637
«8?*
«8}*
al4H al53*
Goodyear Tire A Rubber.
Great Lakes Towing... 100
Jan
Apr
2?*
Apr
75
.1,300
35
50c
25
1034
Mar
3,463
,
n223* ffl22J*
General Elec com
General T & R Co
Goodrich (B F)......... *
Feb
Mar
Mar
10
Feb
80
63*
53
*
■
74^
.Jan
143*.
63?*
26?*
11?*
53
63*
114 3*
127
Jan
Apr
Jan
'
—
8?*
100
al6?* aI6?*
271*
16c
Jan
Elect Controller—.il
570
.
"54, 113*
Monarch Machine Tool..*
291*
80
100
8
—.
com.i.-iji Ju.
National Refining (new).. *
Jan
100
—1:. 1
13*
;
Low
"
■;
—
Jan
28
H) —100
for }
Shares
93*
•
Feb
Liquid Carbonic com
Jan
Week
9?*
14?*, .145*
/ 63 5*
63 H
; 42?*
43
.*
City Ice & Fuel—
J*1
Loudon Packing com
RR
Price
05?*
Apr
Apr
433*
Apr
Sales
.
of PricesLow
High
Feb
Jan.
Northern RR (N
Stocks—
Apr
Jan
8
12 ;•
Jan
\H
Jan
35?* ' Apr,
Feb
,Jan
35?*
4
Mar
11*
Old Colony
1?*
Week's Range
Last
Sale
1?*
Apr
70
Apr
10
30
Friday
H
Lion Oil Ref Co cap
4
Jan
to<April 04, both inclusive, compiled from official sales lists
40
21*
50
Mergenthaler Linotype..*
.
200
Jan
Apr
53*
Cleveland Stock Exchange
18
April
Apr
4
Jan
6% cum pref
35?*
Apr
7?*
H
4
Mar
10?*
Timken Roller Bearings 4/. ^
Feb
Jan
1?*
40
Apr
4?*
'
14 5*
Jan
Royale Copper Co.. 15
Apr
4
1?*
21?*
120
3*.! Feb!
32
34!*
35?*
Colonial Finance'........ 1
Dow Chemical pref....100
3?*
!
52
Jan
30 3*'Mar
..Jan.
,
8
13*
Cliffs Corp
-5MT
Lamuon Corp (Del) com..5
Isle
103*
•
Cleveland Railway.
100
*
I,4
Feb
Apr
20
33?*
50
Llbby McN A Libby com .7
Apr
150
.
10
Jan
.
200
Lincoln Ptg $3?* pref
,
Apr
42?*
263*
2?*
55
■
National Acme.
Jan
Gillette Safety Razor Co.*
5
Columbia Gas. ,V—
General Motors
Metro Pav Brk 7% pref 109
—
.Jau
Feb
Apr
,,
20
27
100
6% preferred
Apr
Jan
29?*
23J*
22?*
20
Apr
Jan
.
*
Cleve Cliffs Iron pref..
Feb
401*
203*
..
Jan
'
1
Co cap
4
5
4
■'
.10
Apr
'
1,167
■
LaBalle Ext Univ com.. .5
Feb
6
Feb
.
—
12?*
103*
30
Jan
5?*
Kentucky Util—
191*
Mar
—
Feb
83*
.1
Katz Drug Co com
2
-
Unlisted—,
Feb
Feb
30
Empl-Group Assoc T C.
Jarvis (W B)
1?*
501*
32?*
.
'
Jan
4%
.......*
Preferred-
Apr
Apr
12
*
Eastbrn SS com.
Mar
42 5*
Jan
1
91
Feb
32
Preferred-—!. i'l .1.
W urlitzer
850
Iuternat Harvester com.-*
221*
11*
32'
...
Waco, ii.—r.
350
Inland Steel Co cap
-*
3
15
Jan
pref...-.100
100
'46?*
'273*
3
*
.50
Mar
*t«
•
17
Feb
8?*
Mar
8?*
13
.10
5?*
Common
26?*
*^
Apr
12?*
Mar
12
'
7H
8?*
259
45
_
Mar
Jan
24
■
8%
Jan
24?*
'20 "
Playing Card.—.10
-"Mar
.8
7
100
Procter,& Gamble-.'*
93* " Jan
•
Mar
75
431
20
Apr
8
„
Jau
17?*
22?*
Jan
Feb
Jan
,
.
6?*
173*
.:...*
US Prtotl rig. i
65*
25
110
73*
....*
Apr
Jat)
80
Jau •8
77
5?*
61
214
.
:. 73*
Feb
14?*
9?*
Mar
7?*
12
608
6?*
Lunkenheimer
c
—
Jan
6% preferred
Jan
Jan
Mar
7
Illinois Cent RR com.. 100
21*
31*
East Boston Co...
Int But Hole
Mar
1
*
Copper Range
Eastern Gas A
3?*
ll!*
13
Apr
80
2934
8?*
10
Jan
11*
—
34?*
3?*
12
2
Apr
.
4 3*% print
24
*
com
3
Mar
Apr
Mar
CIA 1st
Apr
13 3*
25
Hlbb Spenc Bartlett com
Mar
291*
11*
'24?*
7?*
Houdaille-Hershey cl B..*
stpd.-.lOO
pref——
100
25?*
11
Mar
Apr
v
Jan
v
7 H
70
386
KrogerJ.....—.. *
Feb
405*
35?*
3?*
r-r
Apr
no?*
1
&• 3t*' Mar
63
8
—.....
.: 22
2?*
Jan
271.
65* 4-7,:l-
;
Cohen (Dan).. —*
Grosley Corpi'l :.
*
Eagle-Picher....
'..10
Apr
2
73?*
73*
6?*
62
Clark Controller-
Boston A Maine—
CI A 1st pref
Telephone...50
Feb
lOJ*
28?*
Mar
73*
com*
Apr
Mar
^Apr
;
Jan
43*
;
21?*
;»•
Jan
"46?*
35*,' Jan
36?*
9 •
,13
cap.—1
37?*
814
Feb
24?*
8treetw,S'i;;>v>-50.
Cincinnati
Jan
2
2 ?*
73
Cincinnati
19
30
125
2
"
2%
Cin Gas & Elec pref... 100
—
110
213*
4 2-:-
5
Am Rolling Mill-.—25
15
■9%
3?*
Goodyear Tire A Rub com *
Gossard Co (H W) com...*
109%
73*
Amer Tel &
Bird & Son Inc. J— —;
Cincinnati Ball Crank
Jan
•y£''X:
Mar
193*
21
Alumlnuin Industries.
Burger Brewing...*
Jan
Evereharp Inc common—1
General Foods common..*
51
Jan
3?*
Gen Amer Tramp com...5
51?*
f » re.;'' *.;«
-■
Boston Stock
Jan
Feb
.
34'* , Feb
J23* Mar,
;
Jan
3
22
22
22
"Feb
Four-Wheel Drive Auto. 10
Bait Transit Co 4s flat 1975
Mar"
8
!
Jan
Dixie-Vortex Co—
'
Shares
High
.
U S
'
Jan
16?*
Lew.
Range Since Jan. I
for
Week
of Prices 3
Price
G1 bson Art.. 1'..i-i
Mar
19
25 3
219
Phillips Pack 5 3*% pf.,100
5% pf ser A x-w
US Fidelity A Guar., j..2
28
120
17?*
25
25
Northern Central Ry...50
Seab'dCom
Apr
Mar
26
M*17%
.
Sale
Cin Union Stock Yards..*
Cudahy Packing—
73
"
New Amsterdam Casualty2
Sales
Week's Range.
Last
f;'6?*;Feb:
Mar
•10?*
.
c
Exchange
Inclusive, compiled from official sales lists
Friday
> Jan
23?* ! Jan
13* Mar
Feb
12
.
93*
19 3*
2.00
Maryland & Pa RR com 100
•-
;
43*: Jar
: .1?*;. Feb
*
Contnr Corp of Am com. 20
•Continental steel com. ..*
Crane Co com -• ...—25
Com pt Bh v t c
93*
<
to April 24, Jboth
Feb
Co—
93*
93*
5
5
96 %
Jan
Jan
•■4Vs
pref par t shs. 50
shs v t c A 50
93*
•193*
Finance Co of Am A com.5
Class B
V t c
Apr
?*
Apr
1
•
Common pt
•
Jan
4?*
42 'M
42
Consoi Gas, E L & Power.*
110
70c
143*
v
-
100
1st preferred v t c
'■
■
--T.
-
30
17?*
•
Consolidated Biscuit cora.l
Consolidated Oil Corp...*
:':y LW
Cincinnati Stock
High
'
?*,;' Feb
Com'wealth Edison com.25
Week
Low
Range Since Jan. 1
Shares
*
Coleman Lamp A St com.
for
of Prices
Price
Par
Stocks—
Week's Range
for :;
High
April 18
Range Since Jan. 1
Last
v'-.•'
Low
Week
Club Alum Utensil com..*
Sales
Friday
,.*.v
Sale
r
of Prices
Price
compiled from official sales lists
inclusive,
April 24, both
18 to
April
Week's Range
,.
.
4
Mar
Jan
Jan
Jan
iW
Feb
33*
Jan
•6.3*
Apr
Apr
Volume 155
Number 4067
THE COMMERCIAL & FINANCIAL CHRONICLE
-
.
1667
_____
~~
OTHER STOCK EXCHANGES
Los
April
Philadelphia Stock Exchange
Angeles Stock Exchange
April 24, both
18 to
18 to April 24,
both
Range
Last
Sale
Prices
oj
Low
Price
StocksLow
Shares
Week's Range
for
Sale
Week
I
High
•
of Prices
Low
High
-
1.65:
625
1.50
Jan
1.86
2.40
2.50
320
2.40
Apr
2.70
«4%
a4%j
20
1.30
1.35
Price
Bolsa Chica Oil common.. 1
50c
50c
6
6
.12
California Packing com... *
al6H alt'
»
2,00
Jan
Apr
44c
230
-
Feb
Apr
1.30
500
Broadway Dept Store Inc.*
Byron Jackson Co...... .*
Jan
4
62 %c
Jan
8%
Jan
Apr
5A
3.
"
Jan
12
Apr
Jan
Feb
10
200
12
*
American Tel & Tel
100
19
Jan
*
.Chrysler Corp
5
Curtis Pub Co com ......*
Prior preferred
v
%
*
14%
29%
32%
Electric Storage Battery 100
General Motors.
Central Invest Corp...100
Cessna Aircraft Co
I
_.
.10
10
>. 10
r
,18%
OA
9%
85
mi aiow
Chrysler Corp.6
Consolidated1 Oil Corp.
100
51)4
*
,51%
5
340
:
(74)4
17)4
254
Creameries of America...!
2.70
50
"4%
17 X
2.80
—
Douglas Aircraft Co
*
5
Exeter OU Co cl A com... 1
'
General Motors Corp com 10
250
31%
6A
a!3% al3%
91
1A
1A
al7 A «18?4
Los Angeles Invest Co..10
6
Menaseo Mfg Co
V';»:v .v..},;',.•
1
#
8%
Mar
Apr
Mar
1%
Jan
Feb
r
>23
'Jan
6
Apr
7
Apr
46c
Feb
Apr
1.90
Jan
Oceanic Oil Co..
1
■
;
Apr
40c
Jan
6%
Jan
16%
Apr
25% Mar
24 " Apr
15
10%
A
Feb
%
Jan
54
14%
Apr
Jan
18%
32%
Jan
Mar
Jan
Mar
35%
116%
Apr
Feb
688
11%
6 % 1st preferred..... 25
726%
Pacific Lighting Corp com *
11
A
15
16%
10)4
2654 20)4
«22 % <123)4
«22%
4,854
>3624
100
484
50
1.45
1.45
100
April
i
v
'
30c
2,700
19c
6A
OA
275
868
Roberts Public Markets..2
'6%
6%
3%
25 %
118
a3c
2%
3%
OA
20%
a
Solar Aircraft Co——1
Sontag Drug Stores
*
So Calif Edison Co Ltd..26
3%
16)4
36
25 A
a27 H
a
Jah
Feb
30%
low
Standard Oil Co of Calif.. *
18*4
18 W
1.80
Jan
Blaw-Knox Co.*.
37%
Jan
Superior Oil Co (The) —.25
30
30
Taylor Milling Corp....
Transamerica Corp
-.2
-
10 A
10)4
Universa IConsol OIL... 10
Apr
Jan
40
543
%
4%
97%
18%
,
.
Apr
Apr
15%
22%
36%
Feb
55%
Jan
%
Apr
Feb
7
%
Feb
5%
3%. Apr
Jan
347
92
Mar
106%
100
1.50
Jan
1.85
OA
7
2,098
Mar
8%
4%
Jan
500
6%
3%
Apr
4
Atlas Imp Diesel Engine. .5
6%
6%
313
6%
Jan
> 7%
Feb
Byron Jackson Co———.*
12
12
240
10
Feb
18
17 :
18
215
500
16
Jan
16
Jan
19%
Apr
105%
.51,000
:
Week's Range
'
Par
of Prices
Price
Low
—.1
7
High
Jan
from official sales lists
Calif Packing Corp com..*
50
Preferred.......
Cent Eureka Min Co
45c
6
High
Low
45c
Apr
1%
-.
Mar
5%
1,000
*1%
9%
11%
120
13
1%
65c
Apr
Feb
7c
Apr
2%
Feb
Lone 8tar Gas.. ..-.i'
*
6%
6%
5%
Feb
McKinney Mfg. Co
1
2
2
2
4%
4%
4%
Mar
7A
.
Jan
Jan
1%
Koppers Gas & Coke—
7c
1%
3%
16%
Copperweld Steel
5
....
,
Mar
Apr
20-^1. Jan
Jan
28%
Jan
29'
Jan
Pittsburgh Brewing.
*
Pittsburgh Plate Glass..25
Mar
Mar
-'J
100
105
13%
90
108%
1A
28
Mar
«'34%>Jan
Westlnghouse Air Brake. .*
Westinghouse El & Mfg.50
100
Feb
1,316
Jan
10%
Jan
5
10%
3
13%
Apr
Apr
6
>■11%'
m
Jan
Apr
16 A
Jan
Apr
108 %
Apr
97
Apr
Feb
6%
8%
Feb
Apr
2
Apr
4%
1,930
Apr
2
-150
<
Mar
Apr
89
748
-67C
Jan
12%
Apr
5%
Jan
50c
59%
50c
50c
59%
1
i
391
50c
103
1
1
Jan
1%
Jan
Feb
63%
5%
Jan
7%
19%
Feb
300
•;8%::'Feb
10%
Common
1%
80%
3%
Jan
6
20
6
Apr
15%
65%
16%
65%
502
15%
77
64%
Apr
2%
2%
86
2%
•
Apr
2%
1,000
2c
Apr
6c
%c
Apr
%C
«4%
a4%
52
Armour & Co (111)
6
Atchison Topeka 4c Santa
FeRv
100
Atlantic Refining Co.
Apr
>;*'
i'L'-
•
.
&.
—
Baldwin Loco Wks
'
'V
v t
v.t
c.13
5
BarnsdallOilCo...
3
Apr
3%
Jan
36%
338%>Mar
12%
Jan,
'(•
j
Apr
10%
39%
a 56
Feb
Jan
23%
Feb
75
33%
J&b
2%
Mai
Apr
3T>
1
22 A
n50 A
A
a56%
Commercial Solvents Corp*
a30A
«2A
n HA
a8A
Commonwealth & Sou:..*
Continental Motors Cdrp. 1
03
03
Continental Oil Co (Del).5
17%
17 %
Curtlss-'Wright Corp..... 1
07 A
07 A
Cities Service Co
.10
.
■
u2A
ahi
?
50
8%
St. Louis Stock
Jan
78%
80%
122
76%
Mar
88
Jan
D1 Giorgio Fruit pref... 100
18%
19
72
15%
Jan
23%
Apr
13%
13%
325
12%
Feb
34
50
32%
Mar
15%
86%
Jan
33%
d:- -1
•
7vy-7-
v
Emporium Capwell CoCommon.—....—*
"Preferred (with warrants)
"s2
30
■
100
.
'
Mar
:3%
17%
•7
30
180
1
Jan
-
1
8%-
Range
Sale
32%
34%
1,010
31%
Jan
3%
3%
26
185
3%
25%
7%
300
25%
Apr
Apr
7%
100
3%
rices
Price
Stocks-
American Inv com
23
Golden State Co Ltd
*
*
General Foods Corp.—*
02454 o25 A
24A
24%
30 H
30 A
a37 A 037 A
a23 A a24%
4 300
30
10
39
39
7A
446
25%
7%
11%
Intl-Nickel Co of Canada.*
Kennecott Cooper Corp
'9
Jan
Brown Shoe com
*
Jan
Century Electric Co..-.10
Coca-Cola Bottling com.. I
1%
..
-*
(i 37%
Montg Ward & Co inc...*
«24 A
Loew's Inc......--
—
-
N Y Central RR Co.——*
7%
•
all >4
oil
North Amer Aviation inc. 1
•
*
North American Co
<16 A
Pennsylvania RR Co...50
Radio Corp of America.. .*
"r2%
*
al5%
Republic Steel Corp
Sears Roebuck & Co:
—..
*
—
44
Standard Brands Inc
Standard Oil Co (N J)—25
1
26
Studebaker Corp
Swift & Co.—*
Apr
2%
507
'
'
47
Texas Corp
02 %
163
3: 184
058% O6054
Mar
Jan
241
f
-
«5854
a27 A
—*
Westlnghouse El & Mfg. 50
Willys-Overland Motors. .1
nib A
—
United Aircraft Corp
United Cofp (Del)
U 8 & tee I corp
— —
Mar
300
o47A
239
47# Apr
LeTourneau R G Inc..... 1
25%
LIbby McNeill & Libby..7
Lockheed Aircraft Corp-.i
Magnavox Co Ltd..——.1
17%
Feb
Landis Machine com....25
9%
Jan
Jan
Mar
13%
10%
Feb
8%
840
8%
225
8
Apr
9%
25%
117
25
Mar
27%
Jan-
Mar
5%
24%
Jan
1.50
Feb
■
Mar
4%
876
4
436
•17%
1.00
336
95c
13
Apr
20
Apr
235
3%
12%
Mar
16%
10
7A
Mar
8%
4
1.25
Apr
102
Jan
13
Apr
Apr
15
Jan
1.15
600
3
540 7 > 3 v>
7
3
225
Class B.
17
5%
220
17 Vv
170
17
Feb
4%
100
•3%
Jan
1.80
17
10
1,201
3,993
Feb
2.15
Apr
16%
16%
Apr
20
Jan
829
24%
Mar
24
24
169
22
Mar
Pacific Light Corp com..*
22%
23
92
92
770
10
1.80
$5 dividend, i—*—»*.**
1.36
22%
:
2%
201
11%
11%
270
11
79
137
12%
12%
5%
5%
100
...100
39%
39%
22
8%
277
100
8%
36
36
11
Warrants...*....**
Ryan Aeronautical Co...i
•
3%
10%
1,700
3%
10%
11
11%
5%
70c
10%
767
17
340
6
13
4%
40
5
Apr
90
15
Feb
25
6
Jan
70
6%
5%
17
8%
32
Apr
33
Feb
Bendix Aviation Corp..
Jan
Blair & Co Inc capital—1
Bunker HiJl & Sullivan.2%
Apr
Cities Service Co com...10
14%
Apr
15%
Mar
Montgomery Ward & Co.*
Mountain City Copper..5c
12
Apr
North American Aviation 1
5%
Apr
Jan
Packard Motor Co com..*
Apr
Pennsylvania RR Co...50
Radio Corp. of America..*
So Calif Edison Ltd com 25
Mar
Apr
Jan
.-.100
Scullin Steel com...
,99
.*
Jan
v
Stix Baer & Fuller
com..
7%
.*K
5%
7%
Sterling Alum Com...... 1
Wagner Electric com*.. 15
10
4%
Feb
40
!)
Feb
10
Jan
99
99
Apr
100
Jan
25
7
Mar
Jan
5%
500
7%
100
22%
22
320
5
7%
21%
Apr
6%
9%
,
2.00
Jan
2%
Apr
11%
Mar
5
Mar
Feb
1,000
AptApr
5c
2%
Apr
Apr
24%
A
Apr
Apr
Api
2.00
50
-
Jan
Jan
Jan
Jan
Jan
4
Mar
r
20%
2,400
Mar
32%
5c
Jan
36%
Jan 7
Mar
24
Apr
Mar
Jan
9c
27%
Jan
1,500
1.50
Apr
2.60
Jan
3j
11%
Feb
13%
360
2%
■
25
100 >7 2:4
20%
20%
2%
Feb
575
Feb
2%
Jan
Jan
2%
724
Apr
400
Feb
.
Jan
3
a!6%
383
17
Mar
20%
Jan
25%
24%
25%
24%
175
25
Mar
28%
Jan
100
30%
aX6
454
23%
30%
Mar
32%
Apr
41%
Jan
a28% a29%
47
47%
68
28%
Feb
32%
Jan
515
47
55%
Jan
2.45
Apr
Apr
2.45
300
Jan
Utah-Idaho Sugar com...5
Westates Petroleum pref. 1
2.45
8%
65c
65c
200
65c
24%
Mar
West Coast Life Insur—5
4%
4%
105
4%
Apr
Jan
29%
1%
28
23
Jan
6
Jan
13%
6%
8%
Apr
Feb
Jan
Feb
7%
130
all%
2%
20%
3%
244
7
a23% a24%
1.60
1.50
all
United States Steel com.
3
6
9%
a23 %
6% preferred
25
5%% preferred-.-..-25
Stand Oil Co of N J.l..25
United Aircraft Corp cap 5
99
11%
Apr
539
Apr
Jan
40
Mar
190
CO
5c
Mar
8%
a25% a25%
.1
Jan
1,015
11%
a29% a30%
20%
20%
M J&M &M Cons
—-
29%
2%
«7% ->-7" 95
25
120
18V
A
*
-
Jan
Jan
62
Kenn Copper Corp com..*
-
—
Jan
Feb
100
8%
a <N
Jan
3
'
28%
3%
40c
1,607
Matson Navigation Co....»
2%
9%
24%
Intl Nickel Co (Canada)
101%
4%
128%
Feb
30c
,
5
Apr
Apr
Apr
Apr
Apr
Mar
Jan
Jan
7%
37%
4%
32%
100
Apr
Feb
2%
Jan
270
Feb
a34%
5
Apr
Apr
6 7
11%
a7
2.00
9%
40
Jan
Jan
32%
30c
50
a2
Idaho Mary Mines Corp.l
12%
12%
5
,
8%
«2
%
Mar
.5
30 c
a21%
115
5
•
Electric Co—*
General
101
.
a34
5
369
6%
A
a
Elec Bond & Share Co...5
Feb
2
2nd pref..*..
_.
200
25
Jan
Apr
3%
Feb
rt
25%
10J
50
Apr
Feb
Apr
Apr
4
225
101
Scruggs-V-B Inc com..
2.50
Feb
Apr
7
Mar
6
114
:i
2%
Jan "'1777
175
*
40
12%
256
a%
101
2%
13%
1,381
14%
40
Apr
4
a3
i*5.:.C. 100
*.10
Preferred
—.100
St Louis Pb Srv A oorh.-l
10%
114
34%
115
4
703
10%
4%
6
34 %
Mar
Feb
Jan
4
Dominguez Oil Co
7%
6
Apr
114
Apr
6
32
Jan
13%
22%
Feb
a'23% «24%
3%
3%
*
1
Apr
Feb
Apr
Unlisted—
Amer Rad & Std Sanl
Curtiss-Wrlght Corp
Mar
Jan
Jan
210
a3
115
*
<
17%
29%
60c
10
6%
Jan
Apr
8%
220
210
.
14
Mar
4
100
2.60
2.60
__
5
..
6
11%
5%
5%
'
210
AviaMon Corp of Del. —.3
115
St Louis Car. com
6
Ark Nat Gas Corp A
*.
Atch Top & Santa Fc—100
115
1st pref:.
10
Apr
Feb
Mar
Apr
200
Jan
25c
5%
Mar
700
10%
16%
Apr
Mar
8%
7
Jan
5
4,643
Jan
11%
Apr
Apr
18%
75
8%
4%
4
Consolidated Oil Corp.*
32
2,820
70c
10
Cons Edison Co of N Y._*
8%
13%
25%
10%
970
130
19%
5
18%
6%
•
320
8%
com.
Jan
■<
Mar
3%
120
Apr
50
5
10
7
473
Mar
6%
Jan..
36
8%
253
14
8
Apr
16
Jan
Apr
Apr
11
36
IOj
27%
Jan
45
100
130
13%
Jan
15%
Jan
31%
25i
27
Jan
Feb
7
6%
8oundview Pulp Co com.5
Jan
Jan
Jan
6%
10 A
Shell Union Oil com..-.15
Apr
Apr
4
20
11
■
Mar
12%
110
Jan
97%
2%
13%
101
Mai
25c
21
7
5
,
2%
Jan
31
Apr
75
2%
*
.
com
29%
27%
Mar
90
75
Pac Tel & Tei
103
5
Feb
26%
Jan
28
4%
16%
Jan
62
Jan
Mar
26%
Apr
25
Jan
7 4;
19
25
25
6%
300
21
Apr
Mar
5%
Feb
5
25
18%
7
Feb
6% 1st preferred
5%% 1st pref...
98%
6
Jan
3%
9%
Jan
Pac G&ECo com
Pac Coast Aggregates
5
28
1.90
Mar
6%
5%
17%
*
Jan
91
6%
17
N Amer Invest 6% pref 100
North Amer Oil Cons... 10
Oliver Utd Filters A
120
%
Jan
90c
;
4%
—
285
6%
8;
32
•
33%
Apr
Feb
110
13
1.20
;
13
10
Marchant Calcul Mach..5
*
10
18%
91
....
Jan
50c tFeb
Feb
800
91
Natomas Co
Jan
42c
47c
Feb
28%
Apr
2nd pref...*—-i...100
v
%.:;>jraa-
,
Apr
355
4
Natl Auto Fibres com.... 1
Apr
10%
8%
i
Apr
8%
8)4!
Magnin&Co(I) pref...100
Menaseo Mfg Co com
Jan
6%
26
11 ;v7
47c
<
ifar
35%,
•
170
Jan
High
7
210
16
■7
Rioe-Stix Dry Goods com *
Jan
1% Mar
50
"I A
Low
6
50
21
■
11
Jah
55%
(HA
Shares
103
13%
12%
-
9%
Anglo Nat Corp A com..
8%
6%
Key Go com*
Lacl'de-ChristyCl Prd com*
Laclede Steel com
20
Natl Candy com..:..v..*
■;3 42
046
Jan
515
Anaconda Copper Min. .50
Range Since Jan. 1
for
Week
12 %
27%
Jan
64%
34%
85
108
Mar
6
Amer Tel & Tel Co....100
3 A
7
-
Mo Portland Cemeat com26
4%
Feb
24%Jail
35%
Feb
62% Mar
28%
Feb
% Mar
a27A o20 A
®3J '
*3i
Apr
10
10
Western Dept Sts 7% prf25
29%
5%
com.*
Jan
'
a66% OOO'/B
*
5
*
Corp.
6%
Jail
Union Carbide & Carbon
v>
103
1
Feb
:
;40 %
v.
Apr
31
5
■
Falstaff Brew com
McQuay Norris com
*
Midwest Pipg & Sply Com *
Mar
53%
.Mar
21
J 90
(3154*31%
3
4%
200
4A
21
8%
.18%
Jan
33
•
Jan
-
Mar
6%
Jan
Mar
17%
18
84
:->■
21
(The)......25
V
54
> 3
Apr
Apr
44
406
;
a 14)4
Jan
10%
.
.22
•
Feb
16
275
?-
7%
13%
4 A
'2%
110
a30 % a33 A
2l"
International Shoe com..*
Mar
a2%
<131
Huttig S & D com5
Jan
*"
8
44
*
Hussmann-Ligonier
Jan
v
21
'7
a
*
Feb
Feb
34%
Apr
40%
Mar >28%
Apr
9%
Feb
13%
110
'
Southern RyCo*
45
"*27% ""jan
165
a!5A 0I6
Socony-Vacuum Oil Co. 15
Apr
«6 A
2%
■
*
Ely & Walker D Gds com25
2nd pref —
-100
Dr Pepper com
Mar
24%
19% o20 A
uOA
a
28% :.Jan
.
222
300
87
12
8%
12
Holly Development
1
Honolulu Oil Corp capital *
Hunt Brothers pref
10
Universal Consol Oil
6%
«%
28%
3%
12%
8%
20%
""
Apr
189
><;
High
*
•
«21A o22)4
—
85
Jan
$
90
Union Sugar common.-.25
Jan
Jan
Jan
;
*
General Electric Co—
Bell Teletype SL593
Sales
Last
21
Apr
Apr
20
a'1!*
Ejec low & Light Corp--*
-•
87
Thomas Allec Corp A.... *
18 to April 24, both inclusive, compiled from official sales lists
•
Electric Bond & Share.—.5
'
Fireman's Fund Ins Co..2o
Transamerica Corp......2
Union Oil Co of Callf___25
Exchange
Friday
2% Apr,
8%\Mar
%
Jan
*
Mar
52
•
Jan
11%
260
Tide Wat Assoc Oil
Phone
CEntral 7600
Postal Long Distance
Jan
'
'
a-V.'
Apr
Apr
Mar
Spring Valley Co Ltd—..*
25
A
<730 A
Mar
Victor Equip Co com.._
Wells Fargo Bk & U Tr. 100
Jan
60%
150
2.50
10
Standard Oil Co of Calif. _*
-■"■■■
New York Stock Exchange
1,
April
—100
Caterpillar Tractor Co---*
7
Feb
Jan
25
5
13%
Apr
"68
055 H 055 A
22 A
Mar
18%
Mar
8%
39%
'
«32 % a34%
Betnlenem otee 1 Corp.... *
Case (Jl)Co
Members'-"*
7
-
£
i St. Louis Stock Exchange
:
'
Chicago Stock Exch.
■
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
i
Mar
55%
22%
125
8%
8%
Bendlx Aviation Corp..-.6
Borg-Warner Corp..
.
■
'-3 46
fllOWulIJi
200
So Cal Gas Co pref ser A. 25
Southern Pacific Co
705 Olive St., ST. LOUIS
Jan
28%
Mar
,
■■■'.
Jan
2.85
260
Rayonier Inc com
..1
Republic Pet 5 % % pf A 30
Rheem Manufacturing Co 1
1922
-
.25
.
7
Puget Sound P & T com. _*
4%-Jan
Jan
•29
■■
30
Jan
Apr
Apr
21%
5%
10
Pac Pub ser com
Jones & Co. I
Established
%
25%
75
■
•••
4
irieli^Apr 129%" Mar'
10
18
.100
1,233
v
90
a35% «35%
fl17% «17J4'
——
136
Jan
5%
260
Richfield Oil Corp com... *
.
3
150
Jan
18
R E & R Co Ltd com.... J*
Unlisted Stocks—
1.001
24%
10%
1st preferred.
Apt
«37% «38%
«109% al\4 %
23H 24 A
alA «3
Mar
85c
10%
Jan
2.000
*
41%
■2.00
22
2.85
——1
Crocker First Natl Bank 100
Unlisted—
•
Jan
.
2o
Co
Mar
34
Crown Zell'bach Corp com5
Preferred
*
•
St. Louis Listed and Unlisted Securities
Apr
Ac
Amer Smelt & Ref
3,450
3%
260
Jan
Mar
2c
AnacondaCopperMin Co 60
835
95c
23%
5%
Cons Coppermlnes..;...5
Creameries of Amer Inc—
Jan
Apr
6
16"
4%
4
55%
Jan
Ac
American Tel & Tel Co. 100
Jan
31%
18
25
Cons Chem Ind A...—.
Jan
79
277
Jan
7
Blk Mammoth Cons MglOc
Amer Had & Std Sanl
Mar
Apr
.
Jan
51%
900
00m 1
1st preferred
Jan
Mar
01%
4
6
70c
Apr
4%
,
Ruud Mfg
21
90
90
Pitts Screw & Bolt Corp.*
18%
>13%; "Feb
22%
Feb
•Imperial Developmt Co. 25c
S
19%
Jan
30
Coast Counties G & E—
■■
■
Apr
Mar
-
90
Nat hireproofing Corp—
Common
.•.*:...*
25%
10%
Apr
Apr
1%
1%
13%
13%
108% 108%
108%
Mountain Fuel Supply.. 10
41%
24%
9%
11%
1%
-
Preferred.:....... 100
Apr
33
48
130
13%
1
....
'
9%
11%
'
w
Devonian Oil Co. —'—10
1
Mininft Stocks—
Alaska-Juheau Gold MnglO
Mar
16%
50%
16
Apr
Mar
23%
30
Hawaiian Fine Co Ltd-.-*
Week
Shares
45c
5%
5%
Apr
Feb
480
17%
50%
v
50%
Caterpillar Tractor com..*
Hale Bros Stores Inc
Range Since Jan. 1
for
■
*
25%
8)4
100
Preferred..........*—*
Gladding McBean & Co..*
108
Sales
Jan
IA
8%
Feb
20
com.
Gen Motors Corp com..lo
Gcnl Paint Corp com
*
Mar
Jan
12%
Calif Cotton Mills
Preferred
Vultce Aircraft inc.—...J
1.60
.'"
High
;4v:
Jan
20
106% 106%
24%
2,580
120
1.60
Low
■•
Fort Pitt Brewing...
65
Range Since Jan. i 7
■
Jan
U>
-
.
Mar
,
6,021
Jan
for
Week
High Shares
A8800 Ins Fund Inc..—. 10
Mar
Apr
low
';
Harbison Walker Refr com*
3 200
6
Jan
Apr
Jan
1,580
11
6
10%
Mar
Penroad Corp v t C.....1
Union Ojrof California:. 25
Apr
%
>a»
Feb
.
22
10 A
4A
4
Feb
46%
94%
18%
Sale
Stocks—
—
30
v
Feb
31%
133
A
Columbia Gas & Electirc.*
451
■
116
Jan
132
5%
?'
11A
10%
Mar
30
Jan
1,012
27 A
110%
100
Last
27 A
a 27)4
a 27%
10%
-
59
46%
30c
3
nf Prir-PM
Price
Aircraft Accessories..—50c
Feb
l32
8%
8%
130
25%
176
25%
Jan
2,640
<
Apr
25
3%
Jan
128
100
475
33
Jan
Jan
26%
Apr
Mar
Jan
T60
16%
33
25
6 % preferred B...... 25
So Calif Gas Co 6% pref .25
6% preferred el A _:... 25
Original preferred
Southern Pacific Co.
3c
2
Jan
3
Jan
46%
Home (Jos) pref.. —100
Security Co units of bon ini
Signal Pet Co of Calif
1
%
24%
2%
19%
11%
20%
26
lists
Anglo Calif Natl Bank..20
Jan
20
150
;
Ryan Aeronautical Co.-.l
'2%
50
Jan
1
1,556
/20%v 20%:
.•
Apr
36)4
3Gc
6%
—
27%
5
Jan
Apr 1; 3%
Apr
3%
7,327
18 to April 24, both inclusive, compiled
'7
Apr
1.45
20
36
22
"
10
13s. 1956
Auto Finance com.*..
Republic Petroleum com .1
5%% preferred....—50
Rice Ranch Oil Co..:.;.. J
Richfield Oil Corp..
..*
v
108
208
Friday
Pac Finance Corp com.. 10
Pacific Gas & Elec com..26
29%
29%
980
710
Jan
Jan
Feb
Apr
Pittsburgh Stock Exchange
Apr
27c
100
28c
28c
87
11%;
.*
w
Jan
11%
Westmoreland Coal.... ;20
Bonds— H ..vv.Amer Tei «Sr Tel
44%
4A
2%
2%
20%
sales
Jan
40c
1.20
>1,000
>2,250
Preferred.*
Apr
35c
255
8%
Preferred*.—x
.25
United Gas Imp cohn——*
)
Apr
113
Tonopah Mining.
1
Transit Invest Corp....26
13%
Apr
6%
149
2d preferred.....
50
Scott Paper.*-, -'-ccs,-;»
Sua Oil—* i
34%
Apr
2%
280
112% 113
j
30% 30%
-8%
8%
3
Jan
109%
282
128
128
PhilaElecCo 4%% preflOO
Phila Elec Po>w pref
25
Feb
v*:
,•
2%
19%
-
Phiico Corp........
1,581
Stocks—
Feb
12%
134%
3%
7%
56%
22-
4H
2%;
•
_
20c
Mar
18c
20-
113
225
1 35
1.25
Feb
.....
.
Pennsylvania RR......50
Penna Salt Mfg-.
50
Jan
110
22
Lehigh Valley..
.50
Pennroad Corp v t c..... 1
6%
Jan
A
500
6
^'■;426'\4420
-.1
Mascot Oil Co.
Jan
64
Feb
Mar
Jan
11%
200
v
«20c
a20c
«17%
Mar
3.50
,y;
'
Lockheed Aircraft Corp..l
Jan
>20
4% Feb
>rrl6cvMar
500
500
Lincoln Petroleum Co.* 10c
Apr
> Jan
•
5%
9%
30%
34%
110
Reading RRJiv^.it ;.;50
414
Hupp Motor Car Corp—1
Lehigh Coal & Navigation *
6
Feb
a32% a34%
•: 7%
7A
Gladding McBean & Gp..*
Goodyear Tire & Ruhr Co *
Apr
-■
Mar
64
50
Jan
10
Horn & Hard (Phtla) com.*
•Horn & Hard (N Y) com. .*
12%
55%
Mar
Apr
17 A
2.45
500
5%,
fll8cj
al8c
4A
160
aBMaBpH,
Corp.4
Electrical Products
•
12
Feb
46%
Jan
5 •-.•-•Mar
*
5*
Consolidated Steel Corp. .*
Preferred.!—
Week's Range
Last
Shares
14%
52
from official
Sales
Friday
OA
53%
%
6%
Exchange
inclusive, compiled
Range Since Jan. 1
348
10%
10%
109% 114%
2%
2%
Budd (EG) Mfg Co.....*
Budd Wheel Co
1,212
both
Sale
Barker Bros Corp com...*
Blue Diamond Corp.....2
April 24,
r
Bandlni Petroleum Co.. .1
1.65
to
Week
American Stores......... *
Aircraft Accessories Inc 60c
April 18
Sales
Last
Range Since Jan. 1
tor
San Francisco Stock
inclusive, compiled, from official sales lists
Friday
Sales
FrtOai
Stocks-
April
sales lists
inclusive, compiled from official
:
'
Jan
26%
7
Apr
Apr
3%
Jan
80J
Jan
5
7
Fco
CANADIAN MARKETS— Listed and Unlisted
Last
7
April 18 to April 24, both
inclusive, compiled from
Friday
Last i Week's Range
Sale
Stocks— >'
t
'
(
par
Algoma Steel
Price
i
of Prices
Low
■
High
*
Asbestos Corp..
18
,
Bathurst Fow &
Bell Telephone
Paper A.* >713%
Co——.100
Brazilian T L A P_
Brit Col Power Corp A.__*
B:*'*:.i.ivv*.:;.***.*
7*7%
*
for >
Week
Shares
1.00
7" :
150
25
1.00
>76%
662
"
—
-
Jan
18%
Apr
1.00
Apr
>
Apr
11%
Jan
4%
4
96
18
Week's Range
for
of Prices
Week
Canadian P iciflc Ry
Par
Price
25
5A
Low
5
High
A
Shares
Low
High 4
Feb
100
5%
5%
268
37%
Feb
10
20%
66
22%
5%
5%
1,585
38%
OA
Jan
6%
Mar
Apr
18
Canada Forglngs cl A....*
Can North Power Corp..*
■7
5% preferred.
—
Jan
Cockshutt Flow
*
Con Mining & Smelting..5
-
-
38
-
5%
738
Jan
39
Jan
Mar
26%
Jan
Mar
24
*
6%
6%
—50
25%
26%
25%
Apr
29%
Jan
370
6%
Jan
28%
Apr
32
Jan
Dominion Stores Ltd....*
7%
4%
8%
4%
100
9%
4%
Apr
Mar
Jan
Dominion Tar & Chem. .*
3%
3%
141
•*%
3%
Apr
Feb
4%
Jan
24%
5%
24%
28%
4%
21%
Mar
25
23
23
21%
Mar
26 %
Jan
102
102
102%
3%
3%
Mar
...
Jan
14%
Jan
Cndn Car & Foundry—.*
Preferred.....
—25
150%
Jan
Canadian
8%
21%
Mar
1.25
Feb
28%
>•: 5
Celanese..—. .*
Canadian Cottons.—. 100
Canadian Ind Alcohol.
C1V5S-B7—7—;W....
Apr
4%
Canadian Bronze..^.*...*
17%
.
5
EHstlllers Seagrams—.*
Dominion Bridge
*
Dom Steel <fc Coal B
25
Jan
Jan
Apr
Apr
18
13%
Mar
98%
19
7
■.
-
Stocks (Continued)
Shares
13%
Canada Steamship ...l.
Mar
•
—:
For footnotes see page 1668
17%
High
9%.
Ja'
150 •^14 > Apr
Jan
13%
270
142 % : Apr
158
•
7%
18%
,8%
248 ;
13%
13%
143% 144
r.
•; Low ~
25
14
7%
18%
'
'
Par
Price
Range Since Jan. 1
Last
Sale
:
Range Since Jan. 1
Week
Building Products A.....*
Canada Cement—
Range Since Jan. 1
<-
(Continued)
for
of Prices
Low
High
Preferred100
Sales
*
8%
18
14
*
Assoc Breweries..
8%
18
official sales lists
Stocks
Week's Range
Sale
Sales
Friday
Sales
Friday
v
3%
3%
>
3%
3%
5%
Mar
102
Mar
3
Mar
3
M»r
5%
7
22
22
23
23
Mar
Jan
Mar
Dominion Textile.-.-*—*
Jan
Dryden
Paper
*
Eastern Dairies......*..*
Jan
Foundation Co of Can...*
75
3%
30c
14
75
3%
30c
14
204
73
Apr
82
Jan
195
3%
Apr
6
Jan
155
30c
Apr
50c
Jan
50
13
Feb t
16
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 27, 1942
CANADIAN MARKETS*- Listed and Unlisted
Gatlneau
65
70
574
General Steel Wares-..---*
v
Goodyear Tire pf. Inc '27.50
Gurd (Charles)
1....
Holllnger Gold Mines....5
Howard Smith Paper
*
Preferred.—........ 100
42
99
99
Hudson Bay Mining
22 74
23
Imperial Oil Ltd.—:"—-*
'774
Imperial Tobacco of Can. 5
10
!
2
Jan
SiscoeGold
...1
Apr
Slarten-Malartlc Mines... 1
*
10
....25
21
*
*
.
.
53c
1,700
60c
3c
1,000
2%c
Apr
4c
Jan
1.90
100
1:90
Apr
2.68
Jan
2%
10%
6.75
2,348
7
20:
Feb
22%
Jan
Apr
36
Jan
13%
10
10
-65
65
Jan
274
145 U 3
Aor
3%
Mar
Mar
4%
23%
Apr
16
Jan
24
Apr
26
Jan
37
Jan
29
Apr
Apr
39 %
55
34
Jan
15
Mar
17%
Feb
4174
Mar
52
Jan
20
Feb
22
4
Jan
5
Jan
3%
Jan
350
3
Mar
7%
416
774
Apr
11
Jan
60 -11%'
3
100
Jan
13
Jan
35
18
18
1674
St Law FlOur Mills pref.
8
Jan
2
Jan
674
21
1.15
326
674
1.15
Apr
1.15
12 74
122
310
12
Apr
y.;te&6
122
Mar
122
130
33
Apr
43
12)4
Feb
14
122
100
Paper preflOO
3374
34
BhaWlnlgan W & Power..*
Simon & Sons (H).......*
12*4
1374
2,018
60
46
58
Mar
210
6674
Mar
150
20
374 *'374
*
85c
F'eb
147
64
85c
63
Jan
68%
Jan
150
Jan
Apr
1.05
Apr
Jan
149
Montreal
Nova Scotia...
37
143
Jan
150
Apr
144
76
144
Apr
152
Feb
182
182
45
150
150
188
Jan
Jan
273%
153 A
Jan
270
148
.
A P Grain
pref
1
:
i
Aldermac
Anglo Huronlan.
Aunor
April 18
i
*
-
'{*'V;
V i
-
'.Vv
/'VV,,,''
Week's Range
Last
Sale
of Prices
High
,
Price
Stocks-
Low
Apr
Apr
95c
1,300
95c
14
Bear
3c
1
Expl
BellTelephone—
B...
,500
6%c
Mar
9%C
Jan
15
13%
Jan
14%
F'eb
2%c
Mar
3,500
60c
■
1,700
Feb
142
100
Jan
Jan
9c
Apr
32 %c
He
13c
2,700
lie
7.30
<00
7.00
Feb
6%
Jan
775
7%
775
: v 371
1375
1374
1375
1,886
13
13
18 75
1875
28,237
18%
36c
Build Prod
1374
1375
220
Calgary & Edmonton
*
82c
86c
1,705
1
50
lie
Jan
Mar
33
Mar
110
3575
:
Apr
87
120
Feb
126
2875
29?*
57
Jan
Apr
•;
'
5: •
Jan
1.42
Feb
30%
Jan
Mar
6
Jan
Apr
22
Jan
4%
16
4%
100
'
;'24"'v: 25
70
22
21%
»
Jan
9%
Apr
8.
..
40
-.25
Preferred
F'eb
154
Apr
Feb
150
575
Jan
1.00-
13
.45
8
Canadian Locomotive..
Cdn Celanese
*
Canadian Malartic
Jan
Mar
6
Jan
25
Apr
Mar
25
Apr
ft 3c
7%
25c
550
Jan
Jan
3%c
9
Apr
Feb
46c
Mar
Jan
Feb
Canadian Wirebound.... *
25
5%
18
Jan
Jan-
Apr
Cariboo.....
500
1.00
Apr
1.72
Jan
Jan
CentralPatricla.—
—-1
1
2,891
80C
Apr
1.30
Jan
Feb
85
9
1.45
31
25
Canadian Pacific Ry
40
40
40
13
13
12%
cum
40
Mar
Jan
3,585
13
Canadian Marconi Co. -rl
60c
60c
45c
Ap?
60c
Canadian Vickers Ltd
2%
2%
2%
Apr
3
7%
cum
*
preferred...100
25c
■
5%
Consol Paper Corp
Dom Oilcloth &
Ltd... *
6%
20
Jan
Apr
23
Linoleum *
Co a.
Eastern Dairies Ltd—
7%
cum
.
*
.
lc
1.90
22
2%.
Apr
Mar
1.50
1.50
Apr
2%
2%
Mar
Apr
-
Jan
2c: Apr
3%
Jan
7%
7%
7%
2
2
•
1.5U
16
16
Fanny Farmer..
Fleet Aircraft Ltd......
2%
16
Apr
2%
3
Mai
Mui
Apr
17 %c
Jan
45c
Feb
4
Jan
Denlson
1,500
2%c
Mar
Apr
4%c
Jan
10
Feb
Dominion Bank—. —100
48
2.25
Apr
Dominion Foundry
*
25
285
*
Woolens pref.. —20
235
.......
DominionSteelclB
Jan
3%
Dominion Stores.
Jan
Dom
International Utilities B..1
3
3
Feb
Apr
Apr
Mar
375
100
15c
6%
Apr
10
Jan
Falconbridge...
12 %
Apr
16
Feb
Fanny Farmer
1
Fed Kirk.......—----1
11
11
Apr
12
1
Jan
1
5%
Feb
6%
11%
25c
Jan
14?1
Apr
Feb
l.UO
14%
75c
Montreal island Power..
14%
75c
13
':
Apr
39%
,
Jan
Fleet Aircraft
Jan
Apt
.
F'ordclA.—...
Apr
Storage—
13
.
13
39%
$3 cumul preferred..;.*
39 %
-
Provincial Transport Co.*
Reliance Grain pref.....
&
4%
66
74
4%
66
74
102% 102%
13
6%% cumul 1st pref.25
1.10
41%
Wjitker-G & Worts (H)t-*
; $1 cumulative pref...;.*
13
1.05
41 %
18%
1.10
41%
18%
Mines—
"-.ivi-v
•
8%c,
..........
Jan
22
Jan
i
2 %c
Jan
2%
14%
Apr
3%
Mar
10%
15
Mar
17
Francoeur...
*
1,700
*
•
Utd
..
McColl.....
Lake Shore Mines Ltd
Preferred.......
v,.f:r, *
i
■
,v
4%
i
McWatters.J
*
Pato
Nat G'roc
com....
-
1——.*
Pioneer Gold Mines of B Cl
....*
Noranda. ..i.—
Apr
Jan
474c -Jan
Jan
10c
Mar
-28c
Feb
Apr
45
■;
'Apr
178
-
39 %
Jan
jan
Apr
Apr
'474
29
Apr
3474
Jan
9
74c
Apr
23c
Jan
41c
Mar
"274
Apr
•4%
87*
700
100
*
North Star pref.........5
.....—1
100
Okaita Oils....——.i.—*
Ontario Nickel1
284,050
-
-
Apr
Jan
9
62
3
Jan
Apr
•
90o
Jan
52c
Apr
23c
1,200
•
Apr
38c
Jan
Feb
1374c
Aor
Jan
074
13J4
10374
Apr
Mar
274
Apr
2 74
Apr
4,050
12c
Feb
17c
274c
92
50
Page Hersey
Pamour.._,u.—
'
'
Paymaster....
.1
Perron..'.—i
Photo
c
2.500
60,000
Pacalta Oils!
Jan
1.00
65
'
Jan
Mar
1.35
Jan
11
2,600
.
Eng.i.—. —....*
Mdr
1474
Ja-i
2.35
Jari
2.20
Jan
75c
Jan
Pickle-Crow
1
6,305
1.41
Pioneer...
1
1,450
1.40
Apr
Powell Rou
I
1,300
42c
Mar
Premier..-...-. —......1
8,300
39c
Apr
Apr
57c
Jan
474
Feb
1,64 Mar
3.20
Jan
30o
Jan
Apr
-
'
Preston East Dome
3
35
Pr Metals'.——————.1
5,000
1
4,900
Qucenston
Apr
8c
"24
5
Real Estate Loan..... 100
■
24
Apr
155
Jan
Apr
Royal Bank of Canada. 100
13
14774
Mar
Royalite.
25
1074
Apr
1974
1.35
Feb
2.05
Jan
17c
Jan
-
——
1
San Antonio
6,150
Jan
1
600
6c
F'eb
...—.*
50c
360
1274
Mar
700
70c
Apr
78c " Jan
Sherrltt-Gordon
1
4,260
65c
Apr
97c
Jan
Sigma
1
625
4.25
Apr
0.00
Jan
120
,6
Apr
074
Jan
8974
-Jan
Senator Rouyn
Shawlnfgan.....
Sheep Greek
Silverwoods preferred:..
24
Simpsons pref.....—..100
Sladen-Malartlc
——1
....
1
72
Apr
Jan
34c
Apr
Apr
40c
Apr
72c
Apr
5,000
.
Jan
ic
17c
3,600
Slave Lake.
_
14
•
7o/Jao
;
"
Stand Pav-.......-—...*
500
Stand Radio—
1811
.3
Jan
; 3H
Jan
39
57
Mar
6374
Jan
*70
67
Apr
7074
Steel Can.
—
.
•
Preferred—:,:25
Jan
13,175
Straw Lake.
1.30
Mar
1.96 1 Jan
1,000
Steep Rock.
lc
Apr
174c
874c
Apr
51c
Mar
1374 c
61c
1.15 Mar
1.98
Jan
1174
Jan
......
Sturgeon R
Sullivan.
1
i
3.000
Sylvanlte—
l
1,370
500
9
55
Tamolyn..
1
97
Uchl Gold—
14
500
1
*
Union Gas
Apr
1.55
120
Ic
250
■
Jan
2.34
Jan
Jan
Feb
76
5c
Apr
Apr
30
Jan
Mar
106 V
-
1074
Apr
774
10
—50
United Fuel A
Apr
Apr
Apr
6774
2,685
Tip Top Tailors pref—.100
Toronto General Tr- —100
Teck-Hughes
36
Jan
Jao
Mar
'
v
70
25
B
United Gils.
'600
United Steel
365
374
474c
Mar
59j Apr
-
54
Jan
F'eb
474
274. Mar
8c Apr
2
8,275
Upper Can.:...:...—..1
Apr
1.24
Jan
3.70
Jan
Feb
Ventures.
405
3.00
Apr
Vcrmilata
25,200
"■5740
J»»
lie
4.00 Mar
4.80
Jan
Mar
60
Jan
Apr
21
3,423
Waite-Amulct
Walkers,.
.
.
100
i—.—- *
40
'
"
Preferred........
Wendigo.
50
*
1874
4,100
—
WCanFl——
8c
Jan
15c
Apr
Mar
Mar
100
160
*
—
110
Mar
Mar
Apr
51
65
974
6
93 74
Feb
Apr
1174
100
94 74
Jan
Winnipeg Electric A.....*
Preferred..
100
100
75c
Mar
1.15
Jan
48
6
*
West Groc—
Westons.
"
Preferred..
—......
6
Jab
Feb
8
Wriglit-Hargreaves
4,241
1.82
Apr
Apr
2.90
Jan
Ymir Yankee
4,500
3c
Apr
60
Fob
31
-
•
73
Apr
9974
Apr
9974
Apr
6
4%
Mar
Apr
Apr
74%" Jan
— —-
Jan
•61 %
70
Bonds—
War Loan 2d—
20
77
•
Feb
Toronto Stock
:i of Prices
Feb
Feo
Mar
18%
Mar
3174
Feb
13
1.10
5014
19%
Apr
Apr
Jan
Feb
Apr
1675c
Jan
Halcrow Swa
Apr
2.90
Feb
25c
8'4 c
274
6.800
150
%
2%
Preferred.
—
Hrd Carpet.,.
-
-...
-1
31%
80
16
.
-
— —
65c
35c
■i
Feb
4«4C
..........
...1
Homestead..
%c
3
7.00
37
lOc
53c
50c
2
2
Apr
Mar
Apr
M ai-
Apr
Api
1 %c F'eb
3.85
.........
Howey..—,L
18
...
Mar
•
14c
....... ...-is
F'eb
Hudson Bay
11%
Jan
13c
Jan
Brack Silk
Feb
•3%
Jan
Canada Bud Brew
574
574
Canada Vinegars
674
674
''
—
—
2%
65c
Imperial Bank..
7oc
Feb
Imperial Oil...
3
Jan
Int Met A
..—...*
5
Int Mill preferred.....100
112
100
196
i
i
1.08
1.08
1.00
Mar
1.31
Jan
1.50
1.50
Apr
2.30
Feb
International Nickel
1.44
1.4a
1.44
Apr
2.05
Jan
International Petroleum. _»
.*
7%
1074
29
74
1175
200
Apr
60c
Mar
Apr
374
Jan
Consolidated Sand pref. 100
78
78
100
69
69
—
:
Corrugated Box pref—.
:=
2
-'
/
25
2
10
76
Mar
8174
Feb
,v
40
50
Mar
69
Apr
2
.
Apr
,
3
Jan
Mar
Apr
Apr
830
6.70
Mar
10.50
Jan
Dominion Bridge..:...
23
23
7,135
24,550
2.31
Mar
2.70
Feb
Montreal Power..
2074
2074
998
1974
Mar
2374
Jan
2%c
Feb
6c
F'eb
Oil Selections..:
274c
274c
500
174c
Jan
3c
Feb
16
Jan
18
Apr
Pend-Oriclle..
1.15
1.20
1,400
1.15
Apr
1.75
,18c
Apr
Supertest ordinary:...-
19
Apr
19
;
55c
20c
12
Daliiousle—
Jan
DeHavilland
Dishcr Steel..::..
*
15
700
440
14c
Mar
■
28%
21%
Apr
46
Apr
55
Jan
T1
193
Apr
204
Jan
"
20
23
150
15c
23
——
— -
—
-
-
1
6
Apr
24c
.
Jan
Apr
23
Apr
24
M ar
Apr
2274
7
Feb
7
—
23
/
A pr
Jan
•
19
•: 19
i
-22
"Apr
Jan
41)
:
7
7
—
1,000
15c
15c
Jan
Apr
*
No par value,
listed trading
Apr
Jan
45c
Consolidated Press cl A.
Canadian Marconi
ll)c
52.
*
Apr
1.85
Jan
Mar
<!Apr
Apr
.
574
6
100
Apr
3%
6
7%
-295
Apr
1.50
-
55c
Consolidated Paper.
4 76
;
Feb
Apr
274
Jan
Apr
4 74
/: 5
55c
Mar
Apr
to
9%
16c
22%
160
V
2
H
3%
F'eb
,.....*
--*75
ti
0
—
2%
23
10c
Shares
33c
18
46
Huron & Erie.......'..100
40
Week
High
Low
40
600
7.40
6c
Price
Stocks—
Mar
75
..Range Since Jan. 1
Feb
Apr
35
T
1175
2.50
16%
Apr
.
500
35c
7.10
Mar
for
Apr
2 74
2.43
...5
Jan
2%
Sales
Mar
"
74
1075c 1075c
11
49%
"
lists
17, both Inclusive, compiled from official sales,
to April
2%
69
•
60
Apr
Mar
11
7%c
•
100
75
2%
—
-
April
1%
12%
500
75
274
65c
75
-....i^lOO
. ——*
Hollinger—
Feb
32
370
r
'
Apr
32c
2.85
19c
1375
8c
.4-—
Apr
41c
24
1
Gunnar.
Gy psuin j.
Hinde & Dauch.,
2.90
1.60
2%
—
44
1275
50
-
Great Lakes Paper—..,
32 74
4274
1/55
Goodyear
10375
High wood—i—
25c
Exchange-Curb Section
Sale
40%
8%c
Jan
19c
Jan
Jan
1.05
42%c
Feb
Week's Range
1.50
Apr
2374c
50
Last
F'eb
jf_
•274c
158
13,300
Nat Steel Car....
Friday
Imperial Tobacco ord——5
\
Jan
1.04
Apr
126
Nat Sew A... —*
F'eb
Mar
50c
Pickle Crow Gold Mines.. 1
Jail
Apr
7c
-45
Naybob-l—i
5%c
66
2
Perron Gold Mines Ltd..l
>
' Jan
.'ir.'fV/.'y.>
457^'
50c
:/
47
Mar
100
11
66%
71
"
1
W
3c
.)•' 464
500
Cons Gold Dredging
Ltd.......—
95
,
Apr
l%c
V
-1,150
475c
Mar
IOC
Ja"
Mar
4
Apr
,,
-37
1,000
100
; A.
475c
3c
7.0U
s77
481
-.1
♦
Moneta.',vi
Moore Corp.
1
43c
37%
42%
--2,000
2,500
Gold Eagle--.-'--
46c
%
374
Apr
7; 550
-
L.......... 1
Apr
Apr
lOe
Apr
'
McKenzlcRed Lake.....l
Mar
Jan
Mar
30
-
Jan
Apr
7.00
.
2.75
2.74
5
McJ'ellaq
,6 •
■s
Jan
-
Apr
28c
37
Feb
Jaq
-2.22
-1.50 Mar
VV' ■
.
20c
Honey Dew
1
4%
Jan'
1.68
•
3.
100
'?■•.% 'X
—
11%C
Home Oil.,
Mcintyte-Pwcupirie M..t
Mar
v
Apr
1.15
10 74
'
Mclntyre
2.85
Apr
"1.05
75
Apr
19C
Naybob. —:
O'Brien Gold Mines.....i
'
583
Mar
2%c
3.25
>
-385
!
9c
28c
■%C %c
-♦
....*
7%c
3%c
2%c
3.25
23 74" Jan
15
1,500
%C
—1
Jan
2674
Apr
36
3,400
41o
;
Jan
Apr
18%
-7;600
aple Leaf Milling
Massey-Harris new.—... *
Preferred ncw—.i..
.20
9c
J-M Consol'd Gold Mines
Kerr Addison
Apr
1.35
20
4,988
-
10c
2.87
1
...
F'eb
52c
47
log
-1,650 v-2.02
-
1
..-.i.1
i.
"
—
r
451
•
8c
Inspiration Min & Dev Co
"Ltd
-47
Jan
Jan
Feb
■
35
5%
6374
-
Hard Rock
Eldorado Gold Mines
1
P alcoiibridge Nickel M...*
3.60
Apr
Mar
200
28c
_.l
Apr
v
9c
Cartier-MalarticGoldMines
Ltd
Apr
15
30
Hamilton Theatres
8%c
2
92c
387i
TOO
20J5
Goldale.,.—-1
../■'
Copper Corp..*
Beaufor Gold Mines.....1
Jan
2%
2.82
1,278
—*
Hamilton Bridge...—.
Aldermac
49%c
Jan
Apr
—-*
Preferred
WaiKWvHle Brewery.—i_v
2.30
F'eb
1%0
—
Glass B
Preferred
cum preferred...100
Thrift Stores—
6%
ji.1
Apr
Southern Canada Power-"■
Jan
Apr
1,000
God's Lake
74
Jan
32C
65
5% preferred.-.-.,,.100
5%% preferred
100
—
6% cumul 1st pref...100
10c
2
665
Gatineau Power
Mitchell Robert & Co Ltd *
1
6 ,'<8
174
c
Mar
Feb
Apr
Feb
105-3
1
6%
Preferred-.......... 10
7H
Feb
1.22
970
Eng Elec B........—
15c
Melehers Distilleries Ltd.*
Mar
'5
Mar
4
0%
Jan
3C
8,600
—
12%
Massey-Harris Co Ltd—
Power Corp of Can
i.-.l
1
Eldorado
10c
10c
-6%
18
Apr
9%
Jan
;
'
Jan
Feb
35
6%
12%
Lake St John P «v P.....
MacLaren Pow & Pap Co*
1874"''19
.f...
Feb
19 v
Apr
Apr
4
:
Jan
17%
191
Apr
Mar
16%
6%
4,000
Eastern Malartic
3
180
50
Duquesne
13%
10%
1,654
Jan
20
Jan
Apr
Jan
Apr
16%
Mar
Jan
132
30c
12
10
39
Apr
12c
Apr
32
Feb
.700
Mar
10%
37%
115
1,000
14%
32%
Jan
Mar
10%
DavlesPetroleum
10
10
920
F'eb
Delnite.....
10
32
Mar
10
Jan
1.50
15%
Voting trust
"
-
Mar
6%
jan
60c
35
Apr
25
15'4
Goodyear Tire & Rubber
of Canada Ltd
International Utilities A.
5%
35
100
110
10
.-^u
Mar
208
Ltd...*
Ltd...
62c
100
Ltd A
Moore Corp
Apr
—...
Consumers Gas.
Fraser Companies
Mtl Refrig &
460
Consolidated Smelting...5
Ford Motor of Can
*■'
Jan
Apr
Dome Mines
preferred...100
Fairchlld Aircraft Ltd..__5
New.....
1.50
1.65
.......
Coniaurum
Cons Baks.
Jan
Apr
Api
3,700
1
—*
Cockshutt Plow
Apr
Feb
10%c
Apr
75 %c
1.65
.
Cocbenour Will
6%
Feb
2c
23%
1.50
Mar
Jan
.
5%C
.
100
12,750
Chromium...
25c
A pi
;5%
Chestervllle.
Mar
23 %
Jai;
25c
25C
5%
2%
f'2
Dominion Square Corp.—
Donnacowy i aper
,
2c
Consolidated Div Sec A..*
21
22
21 %
*
City Gas & Elec Corp
Commercial Alcohol pref.5
1,085
Central Porcupine.....
Apr
Joe
preferred...100
5%
20
■
Canadian Inter lnv Trust
Canadian Lt & Pow Co. 100
Tf
Jan
Feb
Mar
Jan
' Jan
Canada Northern Power—
Jat;
Mar
200
5
1675
8
Feb
28
Apr
28
20
37
29%
6%
143
04
400
28%
Feb
49%
•
650
2875
5
1675
Jan
25%
105
-
1
5%
328
,
Jan
75
19
140
F'eb
37%
35
'26 75
*
Feb
18
50%
49%
144
144
20
102
106
.179
125
Apr
Jan
?
Jan
675
26
>
-96%
Feb
48
; -5
Apr
Cndn Ind Alcohol cl A.... *
...'—4
IO74
2,875
95c
Jan
18c
Apr
Apr
F'eb
103
Jan
Jan
Jan
V16
20%
Apr
Apr
1.20
10
t
17
75
50
*
13%
Apr
10
103
675
-
Mar
86c
500
124
Preferred—........
B
11H
31
122
100
Canadian Breweries
■
99
75
Feb
7
Jan
4
.....
v
Jan
33
3475
Jan
2%c
25
.
Apr
2.80
.10
17
29
,•610
Apr
4
103
Mar
1.25
Mar
99
.
Apr
lc
33
A...•_.....*
Malting.
...*
Can Packers
13<
13c
Jan
1.25
...
4
preferred.... —100
Canada
2.000
33
*
100
Jan
-
Mar
075
2,000
Jan
16
Mar
5
4
18
Jan
30.750
41c
39c
Mar
Preferred—
Mar
Apr
•
Mar
22
F'eb
90c
Jan
8%
Apr
.
25
26
25
•.18
Jan
9.30
Mar
13
10
90c
90c
13
.50
17
,
6%
-•
Feb
174t
t' A
Apr
151
Apr
Mar
6c
1,25 i 1.40
Canadian Can..
78%
8%
1.15
Jan-
4T$c
15
8 %
Jan
Apr
.
1,800
174 C
Buffalo Canadian.......
Jan
Feb
94C
110
1.500
*
*
*
*
-
Buffalo Ankerite
Jan
Apr
Feb
6%c
Apr
102..
147
:
56c
114
:
r
7.10
*
1
Brit Dom Oil..—
Jan
116%
17%
Feb
7%c
----*
....
7
Jan
Apr
;
575c
British Columbia Pow A..*
109
97f
Jan
16
Apr
1.45
Loblaw Groccl A——...*
O'Brien Gold
--1
*
Brazil Traction
*
British American Oil.....*
B C Packers..
*
Apr
Jan
274
575c
Bralorne
Mar
2%
Feb
7%C
Canada Steamship Lines..
Mar
75c
Apr
188
Mar
265
Apr
80
Jan
Apr
Mar
8%
1.47
Mar
13%
1.40
2.65
Mar
13
80
Apr
12
115
preferred... 100
Jan
269
*
Can & Horn sugar C'o
*
Canada Malting Co Ltd. .*
cum
18c
*
2,100
45c
■Class B.
Jan
Jan
228
Brit Amer Oil Co Ltd----'*'
7%
1574
"4.15'
-47
47
Jan
55c
6
142H 144
Bonetal
Canadian Car
Canadian Breweries Ltd.."
27
16%c
:-V
Mar
182
145
Belding-Corticelll—
7% cumulative pref. 100
Canada Starch Co "Ltd. 100
Jan
-•-46
110
109
100
100
1
1
Beatty 1st pref
Mai
34%
Jan
Apr
10c
"
3c
56e
1
Beattie Gold
-
Brit Columbia Packers
Apr
Apr
-70
-1
92c
Jan
/ Jan-
12 '
3,000
775
774
1
....
McVlttlc.
86
6 %c
14
1.40
9%
—
.3
—,
Feb
62c
Mar
Maple Leaf Gard pref... 10
5%
•v'
Apr
8C
35c
675c
96%
Beauharnois Pow Corp..
Apr
-1.75
*
Bathurst Power A
*
CndnBank of CommercelOO
4%
i.
.
Mcl^-Cockshutt
</ .7..
6c Mar
--
242
16
Preferred
..>•
-
3,880
•
Canada Wire A
Bathurst Pow & Paper B_*
5 >4
■:
9,500
•
230
Week
6% cum preferred... 100
Aluminium Ltd
lists
Shares
55c
1,200
39c
14
Can Per Mort
Co. .*
—
4 .35
;
J.<4c
1,300
-
Macassaj.. .i ^.—. 1
High
4%
25
-■
1.75
228
Can Foundry
Range Since Jan. 1
for
.
"•
474c
-
Mar
875c
Montreal.-100
Bank of Nova Scotia..,100
Bank Toronto
—100
Barkers preferred...... 50
Base Metals
.....*
C C M
:'V
Sales
Friday
Abltlbl Pow & Paper
*
W
182%. 182 %
273
273
Bank of
Preferred...
both inclusive, compiled from official sales
April 24,
to
V '
-•
.
'
-
"8:20
'*1,064
3.20
••
Levy Bros— -l. —.1
Little Long Lac..—.—*
Low
2175 ---10 -10-u
»5c
,
Calmont......
Montreal Curb Market
r'
8c
.
1.75:
Canada Cement..,
*
r
-37c
Anglo Canadian
Canada Bread B.
iV«V. (ijv
—1
.,
5 iV '
1575
1575
.
—
Apr
Mar
Mar
182
33
102
27374 27374
ilOO
....
149
144
100
...100
100
100
6c
10
Broulau...—
://:
-
Commerce
474c
M alartic G F,.
Shares
574
6c
-
Brown Oil.
Banks—/
C'anadienne.'.
3.20
Lapa Gad y.Li
Range Since Jan. 1
575 ---400
5%.
7% preferred....
Jan
60
Feb
55
15
60
60
Jan
9%
Feb
140
85c
Winnipeg Electric cl B...*
Woods Mfg preferred.. 100
8%
105
'
68
Abltibl 6% pref
Acme Gas
Bobjo
Feb
60
68
High
Low
■d 5 Viv
Bidgood K-.
Apr
F'eb
150
Lamaque G.'.'.:...l——
M
Jan
10
9
.*
-
Lake Woods.
Feb
Apr
Week
Price
Stockc-
Jan
105
15
.25
Preferred---...--..
Mar
r.i
Feb
9
10
Jan
15%
F'eb
75
9
Tuckett Tobacco pref. .100
United Steel Corp
Apr
10
974
105
105
Prefer red..100
Southern Canada Power. .*
Steel Co of Canada.
Mar
18
Mar
1234
674
Apreferred
Mar
3%
Mar
*
......
St Lawrence Corp.,,
--1674
Jan
2974c ; Jan?
18c Apr
'
for
of Prices
Jan
3
~
10
v
*
'
'
F'eb
6c
22c
Sales
Week's Range
Sale
Jan
12
50
Rollahd Paper...
Jan
20
90
'
5
6 .90 V
2.70
v
Exchange
Last
Jan
151
2,981
3
Jan
Friday
Jan
,r
112
'f
Apr
2,400
»*
Jan
Jan
274
:
12
3
Apr
Apr
2c
Jan
Mar
Jan
474
2.30
April 24, both inclusive, compiled from official sales lists
18 to
April
Apr
210
12c
3,250
3,800
"
_—.l
,'45c
2 A
20 74
> 200
.6c
I1.'.'...
Toronto Stock
Jan
Jan
465
12
0.75
4,425
Leltch..... J..—.
Jan
.
9%
17%
20 74
Royal-.
■
12
87%
*
fct Lawrence
'<■
Apr
Apr
619
.....
Apr
674
Apr
15
/
? .00 "?*640
>4,28S
vi
Mar
42%
— ....
Apr
3.30
43c 4474 c
Lebel Oro iJ
16
1
12 74
Mar
43o
1,000
Jan
38
774
Apr
2.93
20c
**'■:
Mar
18c
18c
Laura Secord
24
3
Apr
16c
18c
18c
Jan
•
87
15
Knitting........*
Preferred
25
12 %
15c
2.50
5c
Ltd
Home Oil Co
Homestead Oil & Gas Ltd.
10
4
4274
Regent
Mar
1,124 .29
845
1174
Niagara Wire Weaving...*
Noranda Mines Ltd..J.
Quebec lower..
Mar
674
500
"235
15c
2;50
Dalhousie Oil Co.
Jan
-
29
474
-
—flc
•'
18c.
1
3.10
Lake Shore
Jan
.774
.
1
Oils—
Jan
Jan
28
9
974
540
*
*
Mar
>14
37
29
Canada.;..*
1(M)
-fir v>?
6c
rr—1
'
100
'■24'*
Price Bros & Co Ltd....
Shares
High
Jan
*
25
Power Corp of
Low
Klrkland Lake.
2
National t-teel Car Corp.*
Ottawa L H & Power.. 100
Price
Kerr-Addison.,
1.90
Apr
12
Week
Jan
3c
Wright Hargreaves Mines *
Apr
2074
12
Range Since Jan. 1
■for"
of Prices
"
Wood Cadillac Mines....1
Mar
3
3
20
Ogllvie Flour Mills
Mar
Week's Range
1
Sullivan Cons Mines
10
*■
3
Montreal Tramways.—100
j
50c
—
•___
Jan
10
Mont L H & Power Cons. *
Pre! erred.—
50c
.....
Par
^
—
Jan
wvlB
McColI-Frontenac Oil.... *
National Breweries..
Jcllicoe.
Jack Watte..
Feb
6%
97
1674
65
'.274
Jan
45
Feb
22
1174
274
65
*
Massev-Harris.
Jason Mines.
3lc
92
87
1«74
Lake of the Woods.......*
MacKinnon Steel Corp...
Jan
Apr
Apr
Feb
50
1174
274
'
100
Preferred. J
Jan
49c
18c
Apr
574
1.307
T
87
lifter Pete Co Ltd—.—.
International Power..... f
Apr
Apr
87c
35c
40
505
30
Int Nickel of Canada
70c
500
86
Af+t 5
'330
21
29
■
11
10
International Bronze
100
2,485
18c
.
15
i.-f
1074
674
674
6 74
■
Stocks (Continued)
High
36c
18c
£ .6
Last
Sale
Shares
70
36c
70
74
10 %
074
Industrial Acceptance...
Preferred.
Sherrltt-Gordon Mines... 1
72 %
7.40
10
—£1
Preferred....'.
;
70
Jan
Apr
Apr
2
7.05
High
•
70
.5.... .Feb
75
'8
100
Low
Range Since Jan. 1
100
87
4274
........
Price
Par
63
574
86
Preferred.
Week
45
186
65
70'
5% preferred....... 100
5%% preferred—... 100
Mines (Continued)
;/ Low
Sales
Friday
for
of Prices
A:- 40
w.574 ...574
*
—
Shares
Low
Week's Range
Sale
Week
of Prices
High
Sale
Price
Last
1941
Range for Year
Week's Range
Last
Stocks-
Sales
Friday
Friday
Jan
8
1074
1,766
7%
Mar
»%
640
'•9%
Apr
12%
Jan
575
50
5
Apr
7%
a
privileges,
<fc Investment Co.
Odd lot sales.: ft Ex-stock dividend,
c Admitted to un¬
d Deferred delivery,
e Formerly the National Bond r
*18 a share was paid on the com¬
/ A liquid Atlas dividend of
Jan
112
115
Jan
10
111%
3075
1,788
29%
Apr
36%
Jan
1175
830
11%
Mar
13%
Feb
Feb
mon
stock of the Nabco
LlquldAting Co. r Canadian market, s Cash sale—nor'
z Ex-dividend,
y Ex-rights,
s Listed,
t la default
included la range for year,
g On
F'eb. 26,1942, the
Northern Illinois
Northern Illinois Finance Corp change! Its name to the
r
•" :
'
-/
'
Corporation.
:
.
v
[THE COMMERCIAL & FINANCIAL CHRONICLE
Volumfe 15 5 ;V"; Number'4067
•
•
1
f*V<
i
<t.
;
•.v-t if
„>
'
aft j"1*1-;,
VV'^P
OVER-THE-COUNTER SECURITIES
r:
Quotations tor
Par
Investing Companies
■«V- ■; 'k ■
Par
Ask
Bid
♦Series B___,
♦AmerexHolding Corp.lO
•11%
13%
-•
Business Shares..'.1
2.24
2.46
Incorporated
An.er
1.85
>
v.-
'
,
Inc common._10c
Fund
1.02
Investors..5
11.24
1.43
93C
■y
Wellington Fund
12.50
11.31
...1
Class B
'
25c
31c
51c
62c
14.88
16.27
5.36
5.87
11.33
Investment
Banking
Corporations
Bid
1.12
<
♦Blair & Co
1
43c
28e
♦First Boston Corp..., 10
8%
;■
Federal Home Loan
t%s:
"4.48
Institutional Securities Ltd
9,43
3%
4%
Aviation Capital Inc...II
13.61
14.79
Axe-Houghton Fund Inc.l ■8,75
0.41
-
Aviation Group shares,.
:
57c
Y Bank Group shares
>•>
03c
88c
97c
lnvestm't Co of Amer—10
14.73
♦Common.......
2%
6
:.*5% preferred....
<7.28
745
26.47
28.99
Series B-2..
21.26
23.36
Aetna
Series B-3
14.68
16.11
Aetna Life
.3% I. Series B-l
•
2.30
HMO
11.18
15.83
17.11
9.56
Boston Fund
10.48
:
•.
—
Bid
Ask
Aetna Cas A
Surety
103
10
107
Home
5
23 X
Canadian Inv Fund Ltd.. 1
2.20,
44%
46%
Homestead Fire
10
13%
Century Shares Trust...*
Chemical Fund:..4
-1
19.871
.......10
22 X
24%
Ins Co of North Amer.. 10
100
Preferred
135
7.31
8.07
Agricultural. i.25
57 X
60 X
12.38
American Alliance...... 10
Knickerbocker, .i.l.
5
6%
16
Lincoln Fire
5
24
3 4
9.90
American Equitable
_.5
Am Fidel A Cas Co com..5
IQX
14X
18
11.67
9.02
14
48%
7.30
American Home
...10
5X
7%
2.60
American of Newark...2X
American Re-Insurance .10
11%
MX
12%
Merch Fire Assur com...5
39%
Merch A Mfrs Fire N Y..4
25.87
10%
43%
33%
-6%
National Casualty
National Fire..
New Amsterdam Cas
26.40
American Reserve..
10
9%
American Surety.......25
41X
31%
',2.85
3.10
24 X
26 %
Corporate Trust Shares.. 1
Series AA._
44
1
7.46
Baltimore American
1.47
Maryland Fund Inc... 10c
2.65
3.35
Bankers & Shippers
1.47
Mass Investors Trust
1
13.55
14.57
6.88
Bond
Manhattan
Fund
1.54
Automobile.
Inc common__10c
6.78
*
Series A A mod...
1
-1.78
Mass Investors 2d Fund.l
6.40
Series ACC mod
1
1.78
Mutual Invest Fund Inc 10
Crura A Forster com.. 10
19
♦8% preferred......100
♦Common B shares—10
*7% preferred
.13.09
70
74
505
17
18%
New Hampshire Fire
21%
23
New York Fire..
.10
...
10
18%
Northeastern
Federal
10
33
35
190
111
Eagle Fire...
2X
Employers Re-Insurance 10
Excess
% V 1
39
5
3.31
3.67
4.81
5.30
Fire Assn of Phila..
3.45
4.00
Preferred stock series...
5.14
5.69
25c
81c
89c
8.63
9.31
10
33%
"17%
...2.50
19%
..5
44
73%
1
Balanced Fund..
1
14.22
15.11
Stock Fund.....
1
8.15
8.66
National.25
Pacific Fire
92%
13%
-14 X
.4.*
11.70
12.59
First Mutual Trust Fund.5
4.53
6.04
Fidelity Fund Inc
5
11%
Providence-Washington .10
28%
85 X
88%
Reinsurance Corp (N Y) .2
Fiscal Fund Inc—
Republic (Texas)..
10
21%
23%
Revere (Paul) Fire
10
19%
20%
33X
35%
Rhode Island
21
221
St Paul Fire A Marl ne.62 %
18%
Seaboard Fire A Marine. 10
33X
35%
Seaboard Surety.
5.40
5.95
Globe A Republic
7X
7X
8%
5
3.95
4.36
Globe A Rutgers Fire.-.15
6.13
6.75
5.15
5.68
2d preferred
15
Greet Amer Indemnity... 1
7.61
8.37
Great American..
6.19
6.82
Halifax.
10
5.52
6.08
Hanover
10
2.07
2.43
Oils
!
Metals
2.45
5.43
5.98
Hartford Fire
8%
Fundamental Invest Inc.2
12.54
21%
22%
Sun Life Assurance.... 100
170
3.01
-2
Shares A
11
Travelers
317
*
17 X
19%
U S
.10
73X
76%
Hartford Steam Boiler.. 10
42%
45%
General Capital Corp....*
21.67
General Investors Trust. 1
23.30
Series 1956
..1
Series 1958
1
Par
5.53
Quarterly Inc Shares.. 10c
Republic Invest Fund
1
4.09
Scudder, Stevens A Clark
4.21
4.64
Electrical Equipment...
5.55
6.11
Food shares.........'..
2.92
3.23
General Bond44.4..4-.
5.84
6.21
Sovereign Investors
1
4.51
Merchandise shares
3.28
3.62
Spencer Trask Fund
..*
10.07
4.47
Standard
3.23
4.05
Mining shares.
X
3.70
2.51
.._.*
68.75
70.63
Selected Amer Shares._2H
Selected Income Shares.. 1
6.09
6.64
Bank of New York
Bid
100
Bankers
238
10
Bronx County
35
Brooklyn
Inc.50c
248
3.67
♦State St Invest Corp
*
2.94
8uper Corp of Amer A A.. 1
40%
100
Dec.
33%
50
38
41
Colonial
25
8%
15, 1943
10%
.
..
100.29
101.3
101.5
Mar. 15. 1945
100.5
100.8
f\lar. 15, 1946
100.28
100.30
point
"
«
Bid
Asftrrt
Nat.Defense Nts
100.27
100.29
t Sept.15, 1944
tlOec. 15. 1945
101.5
101.7
101.3
•%%
101.5
100.23
1%
Sept. 15. 1944
100.25
100.11
109.31
90.23
%%
..
101.14
100.29
1%
99.25
1%...
.
99.23
H%
%%
99.25
99.11
Ctfs of indebt—
99.13
>'tc
.
t%s Nov I '42
United States
0.45
0.42
58%
60%
Corn Excnange Bk A Tr.20
Trustee Stand Invest Sha—
3.86
♦Series C
1
1.45
Empire.
1.89
♦Series D
—1
1.35
Fulton.
.
i
.
25%
37%
.50
100
158
22%
Rates
quoted
for discount at purchase.
are
Bid
25%
20
26%
514
53%
25
55%
58
2%
Bid
Treasury Bills—
Apr.
19
Underwriters.
100
83
....100
985
May
34
June
29, 1942....
May
Trade Bank & Trust.. .ilO
May 27, 1942
United States
June
3,1942----
10, 1942
June
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
6,1942....
13, 1942
May 20, 1942
23
20%
40%
Asked
Asked
27%
20
Preferred
New York
170
-
♦ Quotations not furnished by sponsor or issuer,
subject to all Federal taxes
....^.25
....
Manufacturers
Treasury Bills
9%
1190
Title Guarantee A Trust. 12
2.09
10, 1942
17, 1942
18, 1942
June
June
June
July
0.35%
0.35%
19, 1942
15. 1942
July
0.35%
0.35%
22,1942
0.35%
0.35%
0.35%
1025
x Ex-dlvidend.
Corporation and Investment INews
PUBLIC UTILITY
-
a
Rate
-
100.27
15,1944
192
84
100 *1140
0%
9%
10c
53.78
2.82
RAILROAD
104%
Ask
187
...10
Lawyers
31%
Clinton....
3.50
General
Maturity
•
%%
1X%
1%
1%%
...
53%
Central Hanoveri......^20
2.55
are
Asked
2%
1%%
..
Mar. 15, 1944
June
Bid
100
Irving
Kings County..
Chemical Bank A Trust. 10
2.79
t These bonds
Dec, 15, 19-12
Guaranty.
1.52
2.52
<
1034
37%
Companies
12%
9
5.06
»-
49.55
2.i
......
102%
104%
Int.
Bid
Rale
Sept. 15, 1943
32%
39%
10.72
8c
3.32
Railroad shares...-4.444
.......
Sept. 15, 1942
28%
Par
2.66
*
RR
Tobacco shares
684
26%
...4
Ask
Continental Bank A Tr.10
Utilities
Petroleum shares......
Equipment shares..
10
2.50
US Fire..
Maturity
4.50
2.22
Fund Inc
107,.'
104
Int.
24%
U S Guarantee...
Westchester Fire
%
102%
-
103%
10. G6
5.02
—
.10
New York Trust
9.97
102
102%
Figures after daslmal point represent one or more 32ds of
22%
35%
054
*
4.03
2.92
Aviation shares........
..100
31c
3.71
Automobile shares,....
.Building shares....
3%
Fidelity A Guar Co..2
1.25
26c
Aslyed
Quotations For U. S. Treasury Notes
41%
2%
JMar. 15. 1943
June 15, 1943
1.61
3.73
3.65
42%
5
5.24
1.65
Plymouth Fund Inc
10c
Putnam (Geo) Fund....l
Agricultural shares
Central Illinois Public Servi-e 3%s, 1971....
Pennsylvania Electric 3%s, 1972
Schenley Distillers4s, 1952
Southern Natural Gas Pipe Line 3%s, 1955..
Wisconsin Power A Light 3'4s. 1971
..
1
Ctoup Securities-
10
1.37
Series 1955
3.46
Accident
37 X
2.78
B
yyu.
357
No Amer Tr Shares 1953.*
3.73
Mx
.....100
200
10
Home Fire Security
4.75
<
A"'
103% 101%
Stuyvesant
3.13
...
21%
Sterling Nat Bank
<
Quotations For Recent Bond Issues
34%
Standard
4.68
13.74
Fundamental Trust
32%
11%
4.24
.....
>23%
40%
Security New Haven
10
Springfield Fire A Mar..25
70
2.84
Railroad....
2.80
21%
25
Avenue.........100
Merchants
16
45
.17%
Public National
Fifth
'--i
13
41
.50
9%
38%
1!)
Railroad equipment
Steel
.............
6.11
Foundation Trust Shs A.l
8
10
66
..5
No Amer Bond Trust ctfs.
Fixed Trust Shares A.4.10
No par value.
216
23%
17X
Glens Falls Fire....'.....5
Insurance stk series. 10c
*■
:\ 4
Gibraltar Fire A Marine. 10
Machinery
Utility shares
3
Georgia Home.........10
1.45
Steel shares
2%
8.59
1.20
Chemical shares
5%
9%
22%
"
3.88
Bank stock series... 10c
J
44
8%
20 X
6.10
....
Exchange........10
30%
5
Building supplies......
Penn
Peoples National
Bid
5
3.51
Electrical equipment
Insurance stock........
21%
W
13
Firemen's of Newark
Chemical.
10
i<
13.55
Commercial National.. 100
96%
7.73
Bank stock
20.43
50
19%
--12%
74%
5.54
...
.....
Chase N atlonal
45 •:
National Safety
Bank of Yorktown.,66 2-3
Bensonhurst National...50
34%
71%
Preferred Accident
43%
National Bronx...50
National City
12%
112% 118%
32%
Aviation
Agriculture.....
19.00
A.<*
Par
Manhattan Co.10
•-."j
25
Automobile. .....i.....
5
Equity CorpS3convpref.l
Bid
1961
'
Fireman's Fd of San Fr.25
New York Stocks Inc—
Equitable Investment
Corp (Mass)
127%
110.4
129%
78
General Rebisurance Corp 5
New England-Fund
Eaton & Howard-
1M%
110
5
12.50
...i.
Franklin Fire..
Dividend Shares
108%
Par
Bank of
First National of N Y..100
Pacific Indemnity Co...10
Phoenix
...10
6%
41X
North River
Northwestern
42
5X
Fidelity A Dep of Md.._20
Low priced bond series..
2.50
D
5
Northern
Income series
'-1
12
28%
3.40
Diversified Trustee Shares
!'■
11
10
'
24%
6.45
"
17%
24 4
16 J*
4.32
144
10%
22 X
5.85
139
22%
37%
26%
5
4.00
Bond series
14.15
1940
Panama Canal 3s
101.5
6%
2
Connecticut Gen Life... 10
Casualty
47%
'
5%
New Brunswlok.-...^..-.10
Continental
89c
5%
18%
'
485
79c
National Security Series-
3.01
1
Delaware Fund
27 %
25 Ji
5H
51%
45%
10
25
City of New York
2.19
(Colo) ser B shares....*
(Md) voting shares..25c
National Investors Corp.l
112
100
Cumulative Trust Shares.*
.2%
__
10
...5
Carolina
Nation-Wlde Securities—
118%
Hi'-;'.
'
U S Co iverslo-i 3s
U S Conversion 3s... 1947
44%
.
17%
•-
National Liberty....:
2
National Union Flre„-._.20
....100
Camden Fire
21
10
...
Boston
6.61
Crum & Forster insurance
IC&
New York Bank Stocks
7%
4%
Loorais Sayles Sec Fund. 10
141
29
40%
64.90
6.62
Consul Investment Trust. 1
'♦
0%
2.34
Series 8-4
Commonwealth Invest...!
Accumulative series—1
7H
63.80
Series 8-3
'■
100,7.
101.7
2.4
—
Loomls 8ayle8 Mut Fund.*
7.85
1840
101.6
100.5
notes Feb. 1, 1944
59%
Jersey Insurance of N Y.20
58'4
26%
,
Maryland Casualty......1
Mass Bonding A Ins..12%
21.86
7.25
Securities.. 100 1740
Christiana
Apr. 15. 1944
S Rousing Authority—
1%%
14%
;
11.29
Series S-2
2.80
*1%
Other Issues
101.2
24%
10
10.58
Series B-4
*
:?•
U
May 16. 1943
,I%s Jan. 3, 1944—
Call July 3, '42 at 101... 101,1
-Series -K>-1
''
0.50
0.00
1. 1943
0.80
0.70
1,1943 101.7
101.10
Call May 16,'42 at 100%
Ask
Bid
Par
Series K-2
"Bullock Fund
0.60
0.70
2cr._
Par
Keystone Custodian Funds
3%
3%
v
10
Inc........5
Broad 8t Invest Co Jnc.. 6
Basic Industry Shares,.
•
'r'*
\r
1
...
:
Federal Natl Mtge Assn—
1
Bankers Nat Investing—
1. 1942
1, 1942
Anr.
Asked
Corp— ;;
;■
1%
..July
1,1942 ion.13 100.15
tX%
Oct. 15, 1942 100.9
100.lt
f 1 %% —July 13,1943 100.15 100.17
100.7
Dec.
as..:
16.01
Investors Fund G-------1
Insurance Group shares,
100.11
Banks
Sept.
f %8—..-Feb.
Insurance Companies
Bid
Reconstruction Finance
}1%%—Feb. 15. 1945 100.5
"
....
Asked
Commodity Credit Corp—
•%%
May
1,1943 100.9
'1.65
10.33
3.57
Obligations Of Governmental Agencies
9%
B
12.09
Independence Trust fths.*
10.34
.....10c
Investing
.U (.
.
American. Foreign
Assoc Stand Oil Shares. 1.2
'•
10c
5c
'
1
Ask
Bid
Par
US ElLt &Pr Shares Ai-.
3.75
Trusteed Industry Shs.25c
Union Bond Fund ser B
Series C
•
5.86
Friday, April 24
AS*
Trusteed Amer Bank Shs—
Ask
Bid
♦Huron Holding Corp—1
Income Foundation
'
Securities".. 1 ■; 5.39
1.60
At lliated Fund Inc.. .1%
Aeronautical
Bid
Trustee Stand Oil Shares—
♦Series A..'
1
£
Par
1669
INDUSTRIAL
-
INSURANCE
-
MISCELLANEOUS
-
'
Acme Steel
'■"*
Co.--Quarteriy <Earnings-~-
Period End. Mar.
Gross
31, 1942—
profit
Estimated
j-
;
profits
excess
Estimated normal
'
4,345,678
/ 426,345
1,515,090
.
directors
stockholders'
$8,924,578
1,345,152
taxes.;
and surtaxes—i
Three
12 Montns
$2,411,014
—
income
Air-Way Electric Appliance Corp.—Resignations—
3 Months
of
this
meeting
of
corporation
March
24
have
resigned,
contending
There will be no election of Mr. Buchanan's
the annual meeting, May 7.—V.
155, p. 1114.
the
irregular, Joseph H. Nuffer,
President, announced on April 14. * The resigning directors, all stock¬
holders, were George Coury and J. M. Doroshaw, both of Chicago,
Alpha Portland Cement Co.—25-Cent Dividend—
The
directors
have
declared
dividend
a
of
25
■
"H'-'
.Net
profit,
Earnings per share
;
-i'This
7
March'
328,108 shares,
of higher rates than those now
;
For the
taxes
fourth
Net
or
$2.32 per share.—V.
J.-,
' 1942
.
income^™,
(net):_^
U
Net-income
Prov. for Fed. inc.-taxes
for
conting.,
unknown
.Net
"
1942
*Based
per
taxes.
and
letter
$4,207,544
/;.
130,715
r
was
106,082
$0.16
$4,338,259
$3,181,517
*2,317,711
of
the
Frances
corporation,
of
rates
$0.55
prevailing
$1,711,194
-41,602"
$1,232,843
319,711 v205,587
i•'•;•■-:"•
- r'vv;'::-•,
$1,762,702
.
E
.V..
—
$1,442,990
Kyi $0.53
the
$1,191,241
51,508
$0.59
under
■
are
to
settlement
the
Ball
Foundation
of
stipulates
Foundation
Revenue
Act
of
1941.
For
proxy
stock to- $1
ment
is
holders
would
to
in
have
outstanding
and
the
The
•
Walter
127,246
<■
has
agreed
transfer
to
be
turned
over
to
the
suits brought
Young
W.
Foskett
will
be
shares.
group
as
a
by the Young groujte
entitled
to
''permit
Federal
the
a
shares
surplus
statement
W. Purcell of
relatively
transfer
effect
of
of
of
large
saving
to
taxes,"
the
statement
the
stated
common
stock
to
the
common
$4,522,597
of
:
Aa
the
•
v
the
from
stock¬
chang«
4,522,597
$54,115,986
$49,593,299
is to be credited to paid-in surplus.
of the corporation will not be affected.
:
proposes
the election of one new director,
(deficit)
further
Cleveland, to succeed J. P. Routh.—V. 155, p. 1401.
Max W. Babb, Chairman of the Board, announced that W. C. Bu-:
Chanan has resigned as President because of ill health.
Mr. Buchanan
his membership on the board and on the executive committee.
Walter Geist, formerly Vice-President, has been elected as Executive
;
Vice-President,
by
from
Allis-Chalmers Mfg. Co.—President Resigns—
Revenue Act of
-
The
says.
value
i.
.
...
....•
Dec.
follows:
as
this
on
March
issue
March
on
25, June
20, a year-end of $1.25.—V.
■:!.«'
25
last.
25,
share on the
and Sept.
A
similar
In
cents each,
Payments
25
155, p. 911..
' v^'/v
•
25,
' /V'''
'5
Aluminum Co. of America—Consent Decree Opens to
All Patents Owned by Alcoa and Other
The
tion
Government
of
acted
magnesium,
providing
for
Aluminum
a
April 15 to speed the production and fabrica¬
vital
compulsory
Co.
of
material, by filing
licensing of patents
war
free
America
and
other
corporations.
a
consent decree
held by the
now
>
'
The Aluminum Co., the American Magnesium Corp., Dow Chemical
Co., and Magnesium Development Corp. were each fined $25,000., and
the General Analine & Film Corp. $15,000 on their plea of nolo contendre
of
to
trade
series
a
and
aluminum.
of
Sherman
monopolization
,
anti-trust
of
.
the
indictments
alleging restraint
and ' fabrication) of
production
.
,
-
,
-
•
*'
In addition, $5,000 fines were imposed on Arthur V. Davis, Chafrman
of Alcoa; Roy A. Hunt; and Aloca Vice-President; ,X W,
of the Board
Wilsdn,
Alcoa
Vice-President
and
President
of
American
Magnesium
Willard H. Dow, President, and Earl W. Bennett, Vice-President
Chemical, and Karl Hochschwender, President of Magnesium
Development Corp.
■<;<•>
The
consent decree filed
at the same time by Thurman Arnold,
Assistant Attorney General in charge of the anti-trust division, etfjoins
certain specific processes of the defendants and makes
available to
any applicants all of the patents owned by the defendants.
.
The indictments, dated Jan.
30, 1941, alleged that the Aluminum
Co. of America and I. G. Farben Industrie, A. G., better known, as
Corp.;
of
retains
give effect to additional taxes imposed
1941, approved Sept. 20, 1941.—V. 155, p. 1401.
receive
-
reducing
were
made
was
Corporations—
statement further states that it is proposed to amend the
incorporation to change the par value of the common
share from no par value.
The purpose of this amend¬
purposes of comparison, the provision for Federal taxes on income for
the quarter ended March
31, 1941, as previously reported, has been
increased $338,585 to
and
1301.
per
difference
The earned
R.
$1,027,255
$0.40
The
certificate' of
031,618 ? 4,926,808
:
$1,590,251
'
1941
O.
further
1939
$7,742,812. $6,118,049
-
••/',.
•,
155, p.
agreement provides that Mr. Young will receive 184,906 shares;
Young, Mr. Young's wife, 176,873 shares; Mr. Kirby, 561,382
shares, • and the Seaboard Co., Ltd., 74,851 shares.
The agreement,
the
*1,591,266
,;525,000
distribution
The
fl940
'$3,157,942
;v.;. 23,575
proper.—V.
of Alleghany Corp. common stock to Robert R.
Young,
Kirby and Seaboard Co.,- Ltd., it is revealed in the proxy
statement for Alleghany's annual
meeting, to be held on May 6.
These
shares, representing 22% of the outstanding common stock
subsidiaries)
$,012,331
of
cents per
stock, payable June 25 to holders of record June 1.
common
his
shares
.
$1,495,548
share....
upon
in
P.
Anita
'1941
incl.
income
Earnings
998,012
Allan
Iric.—rEafnings-—
kales,..less dUn
qounts, -etc.-$10,252,977 $11,170,273
oper.
said
damage
against the Ball Foundation.
)Oper, exps. (incl. ^epr;); f:l2»p45,433v
income
George
result
dross'
Prov.
;
——.—;—
Detroit.
Corp.— Young
and
Associates Acquire
Large Block of Stock—Change in Par Value Proposed—
The
-
(Including wholly-owned
-
Doroshaw
of
Alleghany
.
$1,723,167
.v
Zivian
meeting regardless of whether it
_
3 Mos. Ended Mar. 31—
.Net
,
,
.
—
charges and taxes
Air Reduction Co.,
:
155, p. 1593.
common share
r-V; 155, p.. 358.
Other
estimate
an
quarter gross earnings were $2,024,835, excess profits
income-and surtaxes $342,361, leaving net
sales
Net income after
'Earnings-per
•'•1
based upon
are
in effect.
Earnings for Nine Months Ended Jan. 31, 1942
:
i
period ended
^Aircraft Accessories Corp.~Earnings—
.
?
12-month
J.
resignation that the notice of
the meeting
to. stockholders failed to apprise them fairly of their
full power to vote on their
presently held stock in connection with
the company's
recent capital readjustment.
Mr. Coury said he was unable to
agree with the action taken at the
$919,638, and-normal
earnings of $762,836,
5
$1.95
M.
Mr.
$3,063,810
' *$9.34
■" ';v
1941.
Note—Federal taxes for the first quarter
J
;
$25.
par
with $7.70 per share for the
compares
31,
$639,517
on
and
'
until after
successor
was
Dow
the
and
German
dye
trust, pooled their patents relating to the production
of magnesium
Development Corp.
fabrication
nesium
The
indictment
further
in their
jointly-owned company,
Mag¬
...
this firm and the Dow
Chemical Co., then the only producer of magnesium in the United
States, cross-licensed their fabrication patents and Dow Chemical ob¬
tained
to
license
fabricators
of
magnesium
under
these
a".right
patents.
The Justice Department contended that production of mag¬
nesium was discouraged because Dow allegedly licensed without royalty
fabricators who purchased their magnesium from Dow.
*
"
I. W. Wilson, speaking for the officers of ALCOA and the American
Magnesium Corp., said that "none of us is conscious of any wrongalleged that in
1932
.
*
•
'■'
V.xx,
L
doing
of
the
many
The
years
reason
The
for
companies
;V
1593.
p.
-yy^
\
»'
.
'■,•
W.
The
Civil
Board
Aeronautics
issued
has
Air
certificate
temporary
a
Saunders,
President,
equipment for the motor
Feb.
on
brought about by
i
and
make
"Such
of
necessity authorizing the company to carry
between the terminal points El Paso, and
Texas,
and
Mexico City,
Mexico.
Monterrey,
Mexico, was named as an intermediate point on the route.
The tem¬
porary certificate,
approved by President Roosevelt, is to remain in
effect until the Board shall determine that the need for the service,
an the interest- of national defense, has terminated.
- ■, x- > "*• x and
convenience
1,•
.
■
has
express
issued
statement
a
industry,
of
1,
< ficient
have
we
passenger
concerning the '?
—V.
manufacture
which
this
.*'• ;r.
war.
nature
as
we
are
producing
'
to maintain profitable operations and the
at
Mr.
told
the
April
CAB
made
Hale
17.
Cost
CAB
decision.
possible
to
the
V.
155,
by
Total
Federal
Other
1593.
p.
stock,
payable
$5,
par
dividend of
a
May
to
1
A dividend of like amount was paid
X and Nov.
1, 1941.—V. 155, p. 257.
on
25
sales
26,567
23,335
income
profits
$2,492,621
_*
385,00.0
350,285
XX
a
$600,205
71,706
192,273
307,637
-
.
130,000
$886,762
128,625
dividends
dividends
71,706
(b)
230,728
$279,307
$507,420
11,446,174
•Equity in earn, after divs. of subs.
tProvision
for
estimated
U.
$29,852
The
income
S.
and
profits
excess
issue.
taxes
quarter ended March 31, 1942 has been set up at an average rate
70%
of estimated taxable earnings. The amount of these taxes,
applying 1941 rates is $1,060,000. On the basis of the U. S. Treasury
Department proposal the
$385,000 for the quarter
additional
against
$240,000
earnings
amount
ended
to
of the
cover
second
is
$1,430,000.
March
31,
1941
estimated
the
quarter of
Comparative
Treasury tax
deposit and
Marketable
Indebtedness
hand
3,000,000
108,190
receivable
26,715
cost
or
less):
Other
1,695,216
(less
amortization)
(net)™;——
14,625,821
charges
—
U.
S.
_
—
—
contingencies
General
stock
stock
Capital
$45.25
of
follows:
as
declared
the
on
due
Feb.
1
of-
sinking
be
debentures
otherwise
than
is, calculated
fund. f. It
that
v
through
the
the
operation
of
debenture.4
amount
of
'
retired
•
thereafter^to
after,
.
oper.
cumulative
share
per
29.
sales
'
the
.55,000
Operating
expenses
—
Net
operat. revenues.
Operating taxes
Net
978,002
Funded
7,387,182
7,717,211
operat.
income—
j—:
$3,355,128
$2,405,376
1,786,054
-
$6,143,274
debt
1,397,804
3,457,909
2,956,171
of
34.76%
'
•
,
shares
be
be
62,571,000
of,
price.
Mall
and
and
famous
and
does
not
certain
and
of
66%%
Trust
authorize
does
with
Co.
but
New
issuance
limit
$4,158,975
for
par
Does
not
not
exceeding
XX/
•."'••
:
presently -unissued,
.
the
York,
of
issued
provisions
of
the
by
of
the
the
by
holders
of the'debentures outstanding. // '
of Issue—The total proceeds ($98,250,000
Purpose
and
the
of
the
company.,
than
less
not
before
deducting
expenses estimated at $342,400), plus accrued Int., to be received
by the
company from the sale of the debentures, together with other funds of
the company to the extent necessary, are to be
/
of
$28,977,000
2.45%
serial
debentures
¬
company.
indenture
be: modified
may
'
The
any
additional securi
of other
securities,
be
consent
trustee.
as
amount
may
holders
the
*78^3541600
—i—
treasury.
exchangeable
•" '•>. :v. X;..-//,;; ./
of
which
the
debenture
trustee
69,350,000
52!699i700
company, but
not secured.' They
dated April 15, 1942. between thd
the
not
unsecured,
been
31, 1941
$31,817,906
and
company's
authorized
the
indenture
exceptions,
the
the
but
or
B. XX---
of
Ui
stock
common
the
in
debentures,
an
hand
*40,242 400
value
stock
Guaranty
secured
rights
Dec.
1.x.—•'/""' '/y
(par $100)—
i
obligations
under
thereunder
With
of
as
_i.
held
on.
has
'•■
Outstanding
certificates,
common
direct
indenture
IQIfl
1Q1Q
its
storing and aging of leaf tobacco,
about two years, the com-1
■banks_^x__.
par
B,
dividend
issued
,v; company
Inc.—Output—
1940
stock
Debentures—The
<
.
to
S25)__
$1,220,650
$6,824
will
,
1941
1942
Cigarette
manufactures
Pall
:
common
include
five
Wk. End—
there-
requires
(par ^25)_
-
Comparative table of (weekly output of electric/ energy;' for- the;,last
years follows:
' * /
x
' •
'
103^341
in
cumulative
stock
the electric properties of this company
18, 1942, totaled 72,242,006 kwh., an increase
output of 53,608,200 kwh. for the corresponding
the
over
American
•
stock, 6%.
*Including
electric energy of
1941.
the
the Company,
Common
r
X, value
.
week of
fluctuations
(par
ties
American Water Works & Electric Co.,
for
generally
stock
3,661,624
$4,750,833
sheds
/Common
1594.
Output of
12.544 800
surplus
,w
sales.'
leaf-buying; subsidiary normally have
inventories of leaf tobacco.! Leaf tobacco
wide
Preferred
$8,412,457
6,906,799
total
chief
Short-term notes payable
X
f
for the week ending April
9,800 000
12,544,800
;
1,819,067
to
either
$1,812,543
645,295
$4,224,443 $13,050,073
and
chief
process
its
Capitalization of
273
3,228,610
three
numerous
aging
subject
$11,298,347 $28,907,760 $22,934,595
v
68,496;
112,500 ;V 138,873)
$6,583,738
of
owned consolidated subsidiary,
leased from the company,
brand
a
;
The
and
pany
will
—V. 155, p.
3,410,093
such
As
March 20, last,
/X ;x i./
$14,315,154 $11,229,851 $28,795,260 $22,795,722
7,731,416
.7,005,408
15,745,187
14,383,265
revenues—
portion
partly
a
under
located
are
X
Telegraph Co.—Earnings—
$14,370,154
—
on
pay-/
1942—2 Mos.—1941
100(4%;
manufacturing ; plants of the company
are
at Richmond,
Va., and Durham and Reidsville, N. C., at
eacl)
of which locations Lucky Strike
cigarettes are manufactured.
Com-f
pany and, its
subsidiaries
also own various storage areas on which
cn
634.
1942—Month—1941
rev.
preponderant
sells,
very,substantial
155, p.
I960,
the
of
Cigar Co..
will leave arrearages
also made
was
1941.—V.
15,
/••";■//;.:-X,..
incorporated in New Jersey in 1904, and
are
cigarettes.
share
per
April
/>■. -:v
.•,••■
company
and its
consolidated
subsidiaries
(including
$186,976,249 in Federal revenue stamps affixed to the
products) were
$363,548,664, made up as follows: cigarettes, 88.65%; tobaccos, 7.38%\
cigars, 3.50%, and miscellaneous,; 0.47%.-The principal product of
the company is Lucky Strike cigarettes, the sales of
which constitute
155, p. 692.
$1.75
including
Company—Company,
subsidiaries
cents
preferred, stock,
This
j
and
100%.
engaged in the business of manufacturing and selling:*
i cigarettes, smoking and chewing tobaccos and cigars.
In 1941 the net
I960, at
debentures due
'
'
applied to the payment
2% notes, and to the pay¬
banks'/ which as of April 10,
and
28
72,625,000
45,840,000
38,212,000
ment
of
Apr.
4
72,124,000
55,919,000
49,708,000
40,686,00ft
39,779,000
1942,
aggregated
Apr.
11
53,968,000
51,321,000
41,992,000
38,685,000-
$46,32.1,502 $44,398,468
Apr.
18
70,456,000
72.242,000
53,608,000
50,887,000
40,938,000
38,148,000
acquisition, in the equity in subsidiaries not
consolidated, resulting from profits, losses and
distributions, amounted
$782,357.61 at March 31, 1942, and $752,505.48 at Dec. 31
1941
§ Represented by 792,092 no par shares.—V.
155, p. 1207.
—V.
155,
the company for pur¬
tobacco.
Company intends to pay
from other funds its expenses in connection with the sale of the
debenr
tures, and the accrued interest on its obligations to be
7,996,517
—
fThe
increase,
since
Mar,
50,632,000
chases
1594.
p.
above
to
Ampco Metal, Inc.-—Earnings—
Income
American Central
The
<
directors
have
Mfg. Co.—Initial Dividend—
declared
an
initial
dividend
Net
of
35
Account,
cents
per
Years
Ended
sales
Cost
American Chain & Cable Co.,
Inc.—50-Cent Dividend
directors have declared
common
stock,
amount
per
share
extra
V.
of
155,
in
40
p.
payable
paid
was
on
June
March
dividend of
a
15
to
15,
50
of
holders
last,
cents
record
which
share
per
June
compared
A
Net
an
1940.—
'
"
1942
435,600
$1.61
$2.12
profRs6taJeT-Vng155°,rpde7D3Tiati°n ^ estimated income
and excess
American Colortype
Quarter Ended March 31—
Other charges
cents
was
also
and
69,855
48,483
excess
\-:XXv:
1,036,000
269,322
$239,369
Sheet,
n>'
—_
Balance
declared
a
dividend
of
25
April 22.
March 20, last, the first
paid.—V. 155, p. 1500.
since
cents
/ T-
U. S.
stoc"
similar
May
'',•'•
1941
Accounts
receivable
National City
———_
X
Advance
•
,
payable—trade —/———
on
,
1
on
par
distribu-
1941
P.
Trust
Bank
Morgan
Co.
&
deaHn^°fSmrhl
on the
dealings
P.ar), has
^en admitted to the
New York Stock
Exchange.—V. 155, p. 1401.
list and
to
•To
$100.
no
par
issued
———
tTo
be
10
shares
issued
value.—V.
for
one
in
share-for-share
155, p.
1502.
—X—
$2,665,299
$278,608
$2,665,299
for 1,275 shares, par
exchange for 299,225 shares,
exchange
in
as
of
'
' *
Trust
/
-/X X'-
-
x.'
9.000,000
•
Trust Co.
7.000,000
15.000.000
__________
Co.
x
—_X_
1,333,333""
'
,
7.500.000
18.000.000
—__-.__-L.J_i——-
X-7.500.000
& Co. Incorporated
4.000,000
.7,500,000
________
X
^$104,477,000
--—a—
—
the short-term loans
within
the
past
payable to banks
months, either
four
are
as
evidenced
renewals
by notes
of
notes
increases in loans payable to banks.
During the year ended April 10, 1942, there was a net increase of
$54,650,000 in the aggregate principal amount of short-term loan^
payable to banks.
The funds obtained from such increase in bank
loans were added to the general funds of the company as additional
working capital.
Such additional working capital was required prin¬
cipally by the increase both in dollar amount and quantity in the
inventories of the company and its subsidiaries, occasioned by higher
customer's contract.—200,000
——
be
3.333,333
*
—
(outstanding
••./■ : •";•:•••••••;
City Bank of New York_______™
prices
X The
■>
;■
being paid for tobacco and the increasing volume of business.
may borrow
additional amounts from time to time as
arises.
;
.
->
or
company
occasion
363,548,664
46,427,033
$270,870,590
1939
1940
1941
•
-
of Operation
309.325.885
•Net Sales
Years
■
Results
tNet
Earnings
.$34,045,167
39.834,533
Calendar
Total
Co.
banks
:_™
Bank &
evidencing- pre-existing loans
.
————
————i.—x/.V 103,309
Provision for income taxes——————
1,036,000
2% debenture notes payable
—•• 117.383
^6% preferred stock (par $10)—--.a-- x."'. 127,500
tCommon stock (par $2.50)
—-X-1
748,062
Earned surplus
—54,437
,
Trust
to
: ••'•/•'
'
Total
All of
delivered
—
American Export Lines,
Inc.—Admitted to the List—
,
6.666,666
X
'
—
when
19421
Hanover
National
liabilities
Accrued
'
:
—
—
Bank &
payable
Manufacturers Trust-Co.
17,050
1,178,319
—.v
Liabilities—
Accounts
maturing serially in 1945 ;
,
J.
......
.2,090,000
Guaranty Trust Co. of New York_____—
864,989
———
(net)—
loans
10,
>
$10,887,000
Bank, New York__x_____PXr-.-r-.-^-;——3.333,333
Z
1,333,333
Hanover
Bankers
451,687
—
banks,
1948
Amen'ca__^'_„_.'— _X— x
of New York_*™__-____.._
of
Co.
-10,000
—
(net)—
Inventories
;-
.
Chase National Bank, New York__-
$143,255
Government securities———1——;
paid off as
company to be paid off is
respective principal- amouhts
maturing serially to
X
►'I/' ":/- ■' c
:
.the
the
Central
$78,468
'>'//• / '
of
in
/
——,
share
per
preferred
A
xx'-x/
Assets—
Cash
Dec. 31,
'XX(■••/ /; ■;
'f
/ /.
payable to
notes
April
40,158
X
V' ''
debentures,
named
Prudential Insurance
Central
'•;/■'< ;X.xX'.Xs'"
—$557,613
—
profit
indebtedness
creditors
Guaranty Trust Co. of New York
Chase National Bank, New York
$167,110
35,858
income
payable to
thus positioning
of leaf
Bankers Trust Co.
6,201
$578,547
-
for
Provision
1Q41
$2,567,076
'S"m?a."Tuon the record
5S cumulative
to holders of
on
2 %
$160,908
11,042
Total
1042
$2,666,958
$10, payable May 1
made
$567,505 '
X;
$1,629,471
Property, plant and equipment
American Distilling Co.—25-Cent
Preferred Dividend
ip®>was
25
15,281
Prepaid expenses
Co.—Sales Higher-
^V^lS^^gil00156^
have
$1,614,190
net profit
Total
1941
$922,575
fare outstand^n^
per common share
directors
-
—
f
Short-term
Co.—Earnings—
432,825
The
425,694
,175t792
.
The
the
serial
Chemical
$695,369
>
——
income
Net
Three Months Ended March 31—
•Profit
Earnings
profit
Other
profits taxes
American Chicle
;
X
1—
'
cents
paid
28,
;
>
343,260
stated.
to
loans
$75,500,000,
requirements
The Mutual Life Insurance Co.
,
like
40
preceding quarters.
In addition, the
company
per share on Dec. 15, 1941, and on Dec.
359.
the
5.
with
cents
on
The
'/
$762,395
X 916,953
.
755,516
X
The
1939
$1,827,720
2,905,366
Selling, shipping, general and administrative expenses ——-■■■:■:.
2.45%
•'
short-term
its
indicated,
1941
X 1940
$5,275,073
sales
of
31,
its
of
payable
;
Dec.
.;*-"X/-""' :X;:/;v:1941
//'XX:/:•/'/'
May6if0 Vhei55Onpm°l^00tOCk' payable May 21 to holders of record
V
debentures, and the several denominations
interchangeable.
A cumulative sinking fund
commencing
year
at
least
75%
of the issue by maturity.
Redeemable, at option of
in whole or in part, at any time upon 30 days' notice, at
following prices and accrued interest: to and including April 15, 1945.
103%; thereafter to and including April 15, 1948, 102 Va'/rthereafter
Jan.M,
and May. 1^.60
dividend of
a
1%
record May
per share.
$1.75
revenues
366,696
7,387,182
par)
—
Total
,
each
company,
,
debentures
of
quarter during
Net Income
1,060,369
103,341
9,800,000
■
*
par)
surplus
Earned
(no
1
reserves
($100
each
1,206,699
1,030,030
3,968,696
taxes
reserves
contingencies
cumul.
?Common
V
*
Service Co.—Accumulated Dividend
April 21
holders
distribution
in
76,819
$2,430,566
—
accounts
income & excess profits
Special
5V4%
registered
debentures,
by the sinking fund plus the amount, if any, retired
otherwise than through operation of the
sinking fund will aggregate
X
Liabilities—
payable
at
Operating
$46,321,502 $44,398,468
Accrued
issue
1,206,699
326,409
Total
Accounts
to
72,290
—
__
——_
Deferred
20
Operating
1,695,216
2,470,470
14,713,754
' 2,470,470
companies
Goodwill
?
to
*
buildings & equipment
Patents
on
accumulations
Uncollectible
8,809,251
90,901
90,656
(at
were
9,275
9,179,810
-
.
_____/
1941
Period End. Feb. 28—
6,727,670 X 6,326,690
reserve)
tSubsidiaries
Land,
the
Goods Co.—60fCent' Dividend—
American Telephone &
$5,524,507
112,454
:
(less
subsidiaries.-;
of
31, '42 Dec. 31, '41
$6,068,902
__
of
this
on
A
3,718,391
on
directors
able June
and
and
assets
Investments
i
$3,000,000
retirement
X
;
a dividend of 60 cents per share on the
stock, par $25, payable May 1 to holders of record April 21. i
a distribution of 85 cents per share was made
this;
account
of
charged
was
3V2%
and
American Public
Sheet
notes
Inventories
Other
•/
'
in 1943 payable in cash, to be
applied to the purchase or redemption of- debentures, or in deben¬
tures; the sinking fund being subject to reduction in amount
upon
2, last,
Payment in
The
1941.
Balance
securities
accounts
provision
inadequate
was
Mar.
on
tax
deficiency
Assets—
Cash
U.
&
The
fund
each; and Aug. 1, Nov. 1 and Dec. 24, $1 each.—V.
for
of
X
registered
of
f
hand,
on
and
of
"
directors have declared
common
On Feb.
$33,542
$55,471
sinking
American Paper
the
Notes
debentures
$6,892
■
1942
.
nation
$120,000 of sinking fund 3(4%
1970, at 103% and interest.—V. 155, p. 1594.
'xx;;'x:.;':x'
$280,129
13,218,301
of
and interest,
-
S.
and
1,
3,097
(less allowances for doubtful,
$100,000
103%
Surplus, Mar. 31
$15,383,699 $13,725,721 $11,726,302
Net income per common share---.
$0.61
$1.06
$0.66
:
banks
in
March
■„
The
company
has called for redemption as'of May 21,
at the '
Guaranty Trust Co., 140 Broadway, New York City; (a) $725,000 of
sinking fund 2%% debentures due Jan. 1, 1950 at 102(4 and interest; ;
$582,562
v
15,104,393
1
Jan.
I
an
L__—
Sheet,
'
Liabilities—Trade creditors, $12,644; payrolls, $11,251; lease deposit, '
to and including-April 15,1951, 102%•«; thereafter to and including
$100;
accruals, $36,918;
construction
loan
(payable
over
two-year
April 15, 1954, 101 % % ; thereafter to 'and including April 15,
period), $23,000; estimated provision for current- years income tax, \
1957{
X; 101%;; thereafter
to
and Xincluding
April
15,• I960,
$3,097; capital stock
($1 par), $231,400; earned surplus, ' $269,964; '
100V2'X;
and
thereafter, 100%.
Also
redeemable for
the
sinking fund on any
capital surplus, $410,000; total, $998,374.—V. 155, p. 1007.';
interest- payment
date after April 15,
1943, upon 30 days' notice!
>
at the following prices and
accrued interest: to and
including April
American Gas & Electric Co.—Debentures Called—
15, 1954, 101 V2%; thereafter to and including April 15, 1957, 101%
Jan. 1,
transferred to surplus
Balance,
Surplus
•
/
.
$1,062,847
444,482
1,350,000
income
Common
$1,716,244
542,416
L.
taxes
Preferred
:
•
-
.
Total
Net
(estimated)
Blodget, Inc., and White, Weld & Co.
for the debentures.
Coupon debentures in denomination
of
$1,000, registerable as to principal.
Registered debentures in denomiof $1,000, $5,000 and other authorized denominations.
Coupon
806
.
$1,039,512
23,335
-!
made
.
agent
•
•'
ings, machinery, equipment, furniture and fixtures '.(less allowance
for depreciation, $220,517),
$517,556;
patents, $1; deferred charges,
$21,067; total, $998,374.
•,<
1940
1,689,677
Depreciation and amortization
.«>■:/
tProv. for est. U. S. inc. & excess
XX
'
$10,795
:i
income
on
$112,442; • customers' accounts
$1,000), $105,808; inventories,
$213,371; securities, $598; insurance deposits, $1,993; impounded funds,
less reserves,
$1; officers and employees notes
and accounts,
$76;
uncompleted
shop
orders,
$1,100;
land—not
used
in
operations,
$13,650; land—used in operations, $10,712; land improvements, build-
$10,500,000
2,469,286
from subsidiaries
•Dividends
1941
$15,300,000
-
before deprec. & inc. tax.
was
X
,■
The, debentures
are dated
April 15, 1942; due April 15, 1962i
Interest; payable at office or agency of the company in - NX' Y." city!
Company has appointed Guaranty Trust Co. of New York as paying/'/
14.668
income
receivable
the
holders of record April 20.
Feb. 2, last, and on Aug. 1
1942
'
$3,874
—
,
Quarter End. Mar. 31—
Net earn.,
—
income
taxes
Assets—Cash
cents per-share on
American Brake Shoe & Foundry Co.—Quarterly Re¬
Net
general
x—
Balance
port—
>
—
—
\X/X/Xy,
Line Co.—25-Cent Dividend—
declared
and selling, administrative and
including depreciation-^
j
deductions
Net
A/-X.• /-■ X//,
directors have
common
it now
as
.+
X Securities
/
stands makes
American Barge
The
the ruling
and
.r.:
Tobacco
Ripley & Co., Inc., Blyth & Co., Inc., Kidder, Peabody &
Co., Lehman Brothers, Goldman, Sachs & Co., Union
Corp., F. S. Moseley & Co., Lazard Freres &
Co., Lee Higginson Corp.^ Drexel & Co., Stone & Webstef
-
the
ordered
the Post Office Department to recover about
Board said represented "excess" mail payments
during the period Nov. 30, 1939, and Dec. 1, 1941.—
company
X'Y:Xx/.'a.
1
cuts
rate
which the
$4,000,000
goods sold
Other income
by
suit
a
The
11)42
and
for
"
purpose of reconsidering its
CAB went into effect April 1
of
expenses
Operating loss
by
granted
Up 38.8%—
war
Earnings for Quarter Ended Feb. 28,
sales, less returns, allowances and discounts
'■
Gross
.
reargument
at
statement
this
Sales
1942—Month—1941 '
1942—3
$15,116,004 $10,889,606 $47,225,051 $33,276,108
considerable
additional
n.y:
will resist "to the fullest extent" the recent order by
Aeronautics
Board
making retroactive reduction in the
company's airmail pay rates and making the company liable to repay
$4,000,000 from past "excess" mail payments, H. O. Hale, American
counsel,
;• X
plant is being con-v
expense to fully engage it in the manufacture^ * offering price is 100 and interest.- .The issue marks thd
materials, The change-over is progressing rapidly,/ ' / biggest piece of corporate financing since this
country
V with the expectation of starting production during July.;
Heavy volume
entered the war and the first public
is expected by late summer or early fall, and at that time
financing by the
output will
:
company in 25 years. In addition to the 146 underwriters
exceed, by a wide margin, anything that we have experienced in past
history. \Vv •fr/ft'-'.V.'/ ''V.
./the debentures
are
^
being distributed by 500 dealers
i x
"We are making seats, seat adjusters, brush
guards, tubular parts,*.
throughout the country. Other principal
and fuel container brackets for military motor
underwriter^
transport, ambulances,
and combat cars.
When fully production occurs
making the offering include Smith,; Barney & Co., Th^
we
will be manu-x
facturing, in addition, aircraft demolition bombs and artillery, projecFirst Boston Corp., Mellon Securities
Corp.,- Harriman
tiles on a large scale."
'
f
.
verted
t:
company
Civil
the
/'.a- -y
April 24 by a syndicate headed by
Morgan Stanley & Co. and a group of 145 underwriters
which cover the principal cities in the
county.:/ The
f
To Fight Rate Case—
The
,*•■.'
•
'x
155, TP. 1301,
bentures
insuf-
are
v'.v;':r,-j ■•■v,"-/i S1'
■/•.V;'.
-
Co.—$100,000,000 Debentures* Offered—Public'/offering of $100,000,000 20-year 3%,'ideT
was
i,;
H
currently
Stores Co.—March
Mar. 31—
X-——
American
X-
the Government in order to conserve raw materials'
possible use of the motor industry'for the pro-
items of
'./v'
'//AX' Monday, April 27, 1942
"
■
American
..
'.xX/xa',x/ X'</ "/
;
:
/ Sales
naturally suffered, by the
car
v-V.' ''-o^
:XX/ Period End.
fullest
the
;-v
x.-x/;.://
.■
,
|
y.-t
v,:''/V,: ,V;..-A'.,'':^'V'
;
// •
■
X of
passengers, mail and
Fort
Worth-Dallas,
-
■
.,r
J.'1',;
v
i >•:,// .-v'-
■:■ v......
■■.
a
& Socket Co.—Outlook—Plant Be¬
eduction of the implements of
Route—
public
S.
termination,
"'y!^'Vy' y
American Airlines, Inc.—Granted Texas-Mexico
[
■. •.•>;.■
>
present condition and future prospects of the company; which says:-$:,!*
"Normally
engaged
in
the
production of
automobile
and
parts
,'XX;
v'
1
1 .1
ing Converted for Manufacture of War Materials— ffijSitl
.
is reported to be negotiating with three life insurance
the private sale of $30,000,000 debentures.—V.
155,
company
;V'. 'I
^v;;■'
x.,,
j <<.
■
American Forging
connection with our activities in the development
industry."
>
•generally known that the Dow Chemical Co. has
been the sole producer of magnesium in this country.
was because the demand was insufficient to attract
is
Reported Negotiating for Sale of $30,000,000 Debs.—
>.
!'
v
.
1
,
<-
THE COMMERCIAL & FINANCIAL CHRONICLE
producers at the price we were quoting."'
other
\
"It
said:
'■:■■■■.
>■/• •; '■;■■
•
<> ; ....X* J
:
■
x/Xx/X,
;.t
X".'
■
magnesium
Dow
•for
"X;-...
/.'/•;.■
;
in
whatever
'
•f,
x;?r
f ' \
1670
.*•
y.l
^Dividends
Interest
$1,189,018
JNet Income
$26,367,661
P«id
$25,574,542
1,407,033
27.668.284
25.565.913
1,393,413
23,280,420
23,330,918
"
Volume
THE COMMERCIAL
' Number 4067
155
& FINANCIAL CHRONICLE
1671
Associated
"
tAfter
.
.income.
tNew
depreciation
after
income
■H
Months
12
Div.
in
inv.
on
Earnings of Parent Company Only
<
Ended
inv.
on
Int.
Federal Declared
Taxes Based
.Federal
.Federal Excess -Value Excess ; ;v .,>••
on Income
Income Taxes
Profits Taxes
Profits Taj; ... .Total
1939 H" $983,771 *• ■" $5,504,717*7-,r V
' —r" # Tn'SfS'o?!
,19401,365,314
9,138,402
$216,000 .>.
$39,500
10,789,216
1941
1,340,052
11,112,766
.9,300,362.. 21,753,200
state
:.
v:-.-:'.-'
for-1940,'
$131,741,611;
1939,
.976,249.
products, as follows:
$154,686,556; and for 1941, $186,but before interest and taxes based on
deducting taxes as follows:/^-;
stamps affixed to the
♦Includes Federal revenue
-for
in
Dec.-31—v
; '
1941
wholly owned sub.—Com. stock
wholly owned subs.—Bonds
$1,062,500
881,266
"
fm
Accounts
-Notes
,
.
receivable ——i!—
1,649,969 "
receivable
1,899
'
4J.
—
'
Int.
invs; in^ other associated
on
Other
income
:A
"Bonds
cos.
271,006
7,018
u—
s;
1940
The
$1,276,012
893,480 .;
1,840,133
2,250
280,522
6,417
stock.
ferred
included
Dividends
dividends
of
net
are
General
r
Other
tures
the
and
names
several
of
>
Lehman Brothers
150,000 600,000
100,000 Blair & Co., Inc.—
v
€00,000 i
'Blair, Bonner & Co.
200,000 1
Blyth & Co.,
4,100,000
Bodell & Co., Inc
250,000
Boettcher and Co.______
100,000
Carl M. Loeb,
•Bosworthv Chanute,
Mellon
■
Marks & Co.
•
H. M.
<fe
*
E.
Clark
W.
dz
200,000
150,000
-150,000
Securities Corp.- 4,100,000
&
•
;;
Newhard, Cook & CO.—i
Co.,
150,000
The
Paine,
500,000
R. S. Dickson Ac Co;;ine;
200,000
Arthur Perry & Co.,
Co.—-i——-t 2,000,000
&
Francis 1. du Pont & Co.
.
Eastman,
Dillon
Fahey, Clark & Co.—
Farwcll, Chapman & Co.
&
Ferris
Hardgrove__„
Field, Richards & Co.—
The First
.
Boston Corp..
First
'
of
First
Trust
Michigan Corp.
William
Stone & Webster and
,
Bond
;
100,000
750,000
Spencer Trask & Co.—
Tucker, Anthony <te Co.,
•
750,000
Union Securities Corp.—
100,000.*
2,650,000
J. D. Van Hooser & Co..
G.
H.
Walker & Co
100,000
„
300,000
.:
Watling, Lerchen jk Co..
•
100,000
Webster & Gibson———
100,000
,150,000
Co
Curtis,,,,—•
600,000
Wells-Dickey Go>
Janney & Co.,—--i-iiJohnson; Lane; Space &
&
100,000
I—^
250,000
Wertheim & Co.—250,000
White, Weld & Co.— 2,000,000
Whiting, Weeks & Stubbs
:
Inc. 1——— •' 100.000
Kalman &; Co., Inc..—
150,000
Kean, Taylor & Co.—
300,000
Co.,
Electric Co.
have
covered
much
of
the
material
of
interest.
the
In
we
feel
New
have
•
under
before
way
Write-off
pffexledr^CJpi^.
v
Cdmmissiori^has-epproved
stock of
means
to
of
-v
have
been
attendance
at
partly
held
has removed).
these
SEC
hearings
the litigation
Washington and
in
are
preparing
our
objections
and
propose
a
;
'
.: The
upon
'voters
of
Safford,
One of our counsel
to safeguard your
..
;lr Gross operating
■
.
•
.
xevenues.
•
-r
^
oos.)
•
——————
•
>
1594;
p.
&
declared
value
$649,929
1,096,216
prof, taxes
exc.
contingencies
145,664
265,000
profit__
—
.
$2,816,177
goodwill
franchises
and
$504,265
5,141,846
5,019,434
1,208,961
79,111
Dr59,716
47,805
Dr30,000
060,000
;
'
Sees,
/
of
450,000
Consolidated
Sheet,
Balance
Dec.
$5,141,846
31
1941
(cost
invest,
1940
.
of
(cost
nominal
or
value)118,705
nominal
value.)
118,705
16,727
>
Accounts
receivable
and
1,492,463
330,238
190,980
'
.417,000.
against underwriters
;
(in dispute)
Cash
fund
-
(cash
market,
and
Insurance premiums and
131,825
119,037-.
•.
securities)
rents paid in
1,232,500
-
.
deposits with trustee, for bond Interest—.
Marketable securities
Insurance
50,770
1,268,057
4,315,547
249,101
4,394,802
supplies-—/.—
U. S. Treasury notes
Protect.
indem. claims
to contest
185,150
36,133
894,011
818,983
735,384
advance
Special -deposits
Open voyage expenses-—/---.-—
634,079
555,650
984,269
Total
•
vote
on
17,127
/
common
Materials
-
$18,603,437 $20,424,919
1,803,626
666,347
arid preferred stocks
Goodwill and franchise (book value)
; Cash «.—2,398,661
Insurance claims against underwriters
531,050
Company's own
o
165rQOO
'J.
$6,754,639
'
cos.
7,697
340,708
498,500
;
deposit
on
assoc.
Miscellaneous
11,998
,
;
;
■
cash
—
209,440
vessels
;
surplus, Dec. 31
$5,523,983
$9,323,902
1,268,057
.
dividends
Assets—
369,452
"
827,756
$32,034,421 $32,898,069
Liabilities—
ICommon stock
v
Preferred
$150,000
stock
:
'
'
$150,000
9,970,000
97,838
—
Interest of minority stockholders in subsidiaries
Long-term debt
9,970,005
98,161
4,474,500
6,629,000
2,391,231
^ 4,589,291
U. S. Government loans under Merchant Marine
(
U. S." Govt,
1920 and
•
>
Acts; 1920 and 1928^—
First mtge. bonds and pref. notes of subs.
Audited vouchers and accounts payable
836,909
cos.__
1,755,942
1,360,565
loans under Merchant Marine Acts,
1928 1 due currently?
1,256,292
"428,085
■
First
mortgage: bonds .and. preferred notes of
subsidiary companies (due currently)—
Interest accrued on long-term debt—_______
:
;
Taxes
-
May 8 on
Miscellaneous
operating
19,902
1,305,017
185,150
894,011
818,983
378,699
1,216,463
,
505,708
496,067
6.754,639
———
30,118
272,174
575,805
990,643
surplus
Total
•
265,000
—
reserves—
-—...—
Earned
.
131,825
Open voyage revenue.—
Recapture profits
Capital surplus
-
'131,558
—,
accrued
Coupons payable
Reserye for contingencies—;-^-^
Special insurance reserves-v-l~———I.
165,000
496,067
5,141,846
$32,034,421 $32,898,069
—
tAfter reserve for depreciation of $26,322,781 in 1941 and $32,454,873
;;
in ,1940.
tRepresented by
and 1940.—V. 155, p. 1595,
150,000
shares
of
$1
par
value
in
1941
.
.AssQciated Gas; &. Electric Corp.—To Sell Kentucky
Atlas Tack
The-trustees announced Apri) 16 that they have reached initial agree-
:
for retirement (deprec.) of fixed capital
foy Federal ino. and excess profits taxes
3 Mos. End. Mar. 31—
Net
mediate holding-company In the Associated system, and is the largest
' Eastern property, in the group..
<
other income
f
•
1940
$631,933
$600,473
573,811
479,467
,452,773
Gross profit
$175,598
$152,466
111,048
106,380
Sell & admin, exp. incl.
The transaction is a complicated one, involving arrangements with
Various: municipalities; the TV A, IRE A, -various private purchasers, and
•;
"j
another
utility
company.
Associated Electric Co.
owns
all
N
but $100,000 of the Kentucky
con-
completed by July 1.
"rivThe municipalities of Murray, Mayfield, Hopkinville, Russellville.
$5,207,555
$5,525,205
and Bowling -Green, in southwestern Kentucky are the largest element
.1,306,700 >: 1,847,858
in -the. transactions;-. They will purchase the company's-electric facilities
-*
in their communities with the technical assistance and cooperation of
••
$62,396
-
$46,086
Cr9,689
8,121
5,964
14,941
14,669
10,155
6,405
5,884
$28,738
$28,044
•
Dr5,139
—j
Depreciation.
for Fed.
$64,550
15,312
deductions
income
101,707
12<t)00
income
Prov.
$147,700
-
(Cr2,969
I
Other
Other
^
-
100,353
Operating profit
.,
;
-
frt.
outward
:;'.1,918,2461
c. l,182,219:
i01,809,658
—l—-I—;
(net)—
1941
$749,410
427,979
—-
•-
State
&
(
$45,992
Cr8.203
■
■
>< 6,997
13.274
■
taxes
be
1
Operating income
1939
1942
$590,728
$162,749
sales
Cost Of goods sold——
pern's securities."
". The proposed sale marks another step in plans of Associated trustees
qoiiporate .istruetiixia of • the system and develop an
••.
integrated group of properties/% _
1,876,910
No plans have yet been made by Associated Electric Co. for employ>876,741
; ment:of the:,funds to be obtained by the sale, which it is hoped will
'*■: '1,820,537.
Corp.—Quarterly Statement—
-
mfents for the.sale of the Kentucky-Tennessee Light & Power Co. for a
base .price . of $7,000,000. :," '
The company is a subsidiary of Associated
Electric Co., an inter-
r
.
,»
Property—,
;
f,
,
••'". Gfcher taxes
-
'
r
$20,481,013 $20,124,381
6,818,768
6,473,149
2,128,630
2,257,946
\Maintenance
Total
•
Net
income
Earns,
per
—.
$34,303
$29,945
sh. on com.
■
f, ;
stock
'$0.31
s
—
$0.36? V
"
•
$0.30
$0.29
,
Gross income
Income
^ $6,514,254;, $7,373,063
deductions
of
subsidiary companles_>*__
D^ductfqnsj)f :Associated Electrtc
v
1,815,027-
Co,-^-i^^V. 5,638:,718
-
.
-;.;the TVA for
1,939,214
)
V'
3,628,226.
>
P"
*,
Net income-
(•/■?•(?'
;lir
vn
,i$U060,510jl,805,622
—_
'H:
:w :h.
^
$649,829
in
Restricted
c" The Atlantic "Utility Service Corp. reports that for the week ended
April "17'net electric output of the Associated Gas & Electric group
;
was 116,003,910 Units (kwh.:).. This is an increase of 15,677,562 units,
or
15.6%-above production. of 100,326,348 units a year ago.—V. 155,
1940
1941
•
Operating expenses
:
:
v
Electricity, gas and water purchased for resale
Prov.
:_
tProperty and equipment_i—
.
reorganization.
Ariz., will
Weekly- Output^-.„ -,
: - ^
1
>
Earnings for l2 Months Ended Dec. 81 Mine!, sub.
Frov.
claims
claims
dividends
/
'of-Kentucky>.Prppp^i^>'Heache^;'
£
,
7,$39
$3,234,893 '
890,000
167,500
$4,177,393
insurance
insurance
Comparative
Plan'ot the
See,Associated Gas &'Electric "Corp;; \
;
of
Earned
the proposition
of acquiring the business of Arizona General Utilities Co., a whollyowned subsidiary of Associated Electric Co., for a base consideration
of $480,000.?..The Arizona .concern has annual gross revenues of around
produce a termination of the litigations and expedite the reorganization.
.
.
V
doubtful
of
int.
Common
"
an
f,
;
122,733
.
payment
by
Agreepients .for Sale
I
uncollectible
Commission
going on simultaneously with
.
"
'
Associated Electric will be obtained by
interim , bank loan in the amount of i
and the balance is to come from subscriptions to preferred
Union-and common stock of Union .Utilities.
.
•
cash.
Utilities
$690,000
of
profit of Santiago Terminal Co.
Income subject to recapture by U. S. Maritime
the Securities and Ex¬
been
the distribution of assets,
Dnion>UtiUties Co. lor
to sell Union Oas & Electric Co; 4o
$800,000
TheUnion
value
Adjustment of book value of certain
Minor,
'
.
face
Total surplus
-
2§,>$2;r^,t>l55,
Associated Electric Co.-—To Sell Properties—-
; $800,000
and
trust
Sundry items
,i
.
•
•/
Earned surplus, Jan. 1
Adjustment of, depreciation reserves___________
Adjustment of prior years income taxes
Operating .-reserves transferred to surplus-—'-
-
Sachs.&'.(^.^ioffered:aft^'vttie^3ose^...4jiwiDess-
company
and
on
for inc.
Balance
reassurance
They
York.
constant
will welcome
you
•{
••
April 17 a block of 4,600 shares of common ^stpek <no
par), at a fixed price of 29% net. v Dealer's discount $1.
—V. 155, p. 913;
■
Securfties' and Exchange
provision for
profits-^;.
'
•;
The
profit
of
.
-
750,000
.9,
'
••
136,366
before
Profit before income, etc., taxes
.
•
:
278,683
Prov.
five
such claims
ln<-your.behalf/ so\6S- to prevent, if possible, any dilution of your,
"V-equities/v^..;../- v'^■
15)f Aside-from-attendance by .members of the committee, counsel
and other committee representatives at
the court and SEC hearings,
.-theffe are -daily contacts and: frequent conferences with the trustees
J'of AGECO and.,of ^AGECORP, or with members of their staffs, which
•v
afford: opportunity for the presentation of your interests as problems
r arise. Studies are being made by counsel and members of his staff
looking^ toward acceleration of both litigation and reorganization
^
aspects.-'With: respect to the latter,
members of the committee's
accounting staff have, made exhaustive analyses which will be made;.
available, to the trustees, to the court, and to SEC, in connection with
We
-
750,000
iH Feb.f 1^-25>cents; May l,-60..«ents; ;A^>l,;,$l,<and
^ p. 359, 257,
■
man,
$241,173
Provision for
'
r
560,728
.
$2,963,428
.
...»
profit
income
on
for
.
.
'
•
'
24,837,969
764,238
611,030
Write-off
;
interests Are
■
Archer-Daniels-Midland
.
1940
26,672,221
and profits)
deductions
operating
-
Provision
General Protective
—
V In. connection, with the above some mention was recently made in
the press of a,:"plan of reorganization" proposed by a former official
Kebbon, * McCormick &
.n',.
!
\£
150,000 -v of the compai^ri:.:'^U:.|plah';vl8''a88ertediy<. presented merely on, his own
Yarnall ds Co.—_i_
:
'200,000.
behalf as .an alleged holder of a trivial amount of securities.
The
--•V;-155, p. 1594.
<
,/.v '
chief significance .of the presentation of this individual's proposal at
the present, time, in the "opinion
of the committee, is evidence of a
Appleton Co.—50-Cent Common Dividend-—
f spirit, becoming increasingly manifest, by many parties in interest who
The directors Dave declared ^ dividend of *59 cents per ushare on
commence, to
share our feeling that a more realistic approach will
the common stock and the regular quarterly
dividend of $1.75 per
produce af ti?rminatloh-:of ;the litigation$>and expedite the xeorganizashare on the preferred stock, both payable May 1 to holders of record
ApriL 21.V Like amount's were paid on Feb. 2, last....V•>'V■$:
Distributions on the common stock during
194L were as follows:
Proposed Sale of .Subsidiary—
•J
.
$30,605,763 $26,114,534
—
on income
Total
.
•'
(&
403,784
r-
.
350,000
Co.——l.
Witter & Co.——
Wisconsin
The
Dean
•
Lines
$852,204
collateral
"
Weeden
&
^
.
and
Dabney
100,000
Jackson
:
350,000
Tyson
and
—
Steamship
income
Preferred
hearings
in
is
: ' ;
Blodget,. Inc.-—--— 2,000,000
Stroud & Co., Inc
200,000
Lowry Sweney, Inc.—— >,100,000
Townsend,
& Co.,i",J
Share Corp.
Gas &
partly in Philadelphia (where SEC
200,000
Swiss American Corp.^—
1,500,000
Indianapolis
Indies
•
$3,367,212
Net
cents.—
equity to:the extent possible.
;\ (3) The administrative proceedings have been conducted weekly, or
even aftener, before Judge Leibell,
and have also, in these five months,
produced clarification of our larger problems in such a way as to
encourage the belief that an ultimate reorganization need not be far off.
>
(4) A number of the holders of the convertible debenture certificates,
convertible obligations, And'$crip .have filed claims with the trustee of
"company" asserting parity with your securities, namely the company
fixed-interest obligations.
The court has held that if these claims are
of a>class nature, and if they are sustained as a class, all members of
such class will benefit.
This means that we must oppose these claims.
200,000
750,000-
Hutton
trustees
in
here
200,000
Boyce——
Brothers & Co
4,100,000
E.
& Co.—
Starkweather
Bros ■&
1,500,000
Illinois Co. of Chicago— > 200,000 ^
W.
75
v
Extensive hearings are
(2)
250,000
Staats Co.—
R.
'
100,000
300,000
4,100,000
150,000
-r—
Stern
Weeks—
23,
Dec.
These
Stein
&
and
750,000
400,000
Hornblower
"
its
$715,837
•
1,
Shields «s Co.—w—-
150,000
of
that
change Commission on the simplification and integration of the system.
2t)0,0i/0
•
each,
Aug.
Leibell.
Parsons & Co.,
J. B. Hilliard &-Son-i
West
Difference between cost
Payments
each;
200,000
Ellis & Anderson
Hill & Co.—
cents
25
last.
25 cents
250,000
Smith, Moore & Co
: J.
1,
2,
400,000
750,000
Harris, Hall & Co., Inc.,
150,000
'± Hawley, Shepard & Co.,
400,000
Hayden, Miller & Co.—„
750,000
Hayden,-Stone & Co.—_
:
Hemphill, Noves & Co..2 1,500,000
•
said
Department
.
points stand out on which
750,000
Smith, Barney & Co
Inc.
Justice
over
.
Other credits-
;
holders of record
to
June
per
Chas. W. Scranton & Co.
Ripley & Co.,
1
bonds purchased
—87,733
disposal of property and equip.
2,139,597
Miscellaneous credits (net)
*44,135
.
cents
200,000
100,000
{
•.
1
150,000
Harriman
Dec.
1
March 3,
on
and
3
25
which have elapsed the burden and detail of our work in your
behalf have increased tremendously.
In this difficult situation several
500,000
Co..
Rothschild &
F.
I. M. Simon & Co
Hallgarten & Co.,—
1. and
made
was
March
,
Stringfellow-,—
Forgan & Co
1,000,000
Goldman, Sachs & Co., 4,inn ono >
•
follows:
of
months
-
100,000
Green,
interim dividend
an
Scott &
Glore,
•
declared
A similar distribution
were as
cents; "Sept.
of the
150,000
Rollins & Sons Inc. 1,250,000
-
& Sons.
1 Graham,
was
Department
$3,179,303
187,908
Net
expressed disappointment in not hear¬
ing lrom us (since communication dated Oct. 31, 1941), but the reports
Robinson-Humphrey
Nebraska
Garrett
&
the
operating income..
Gross
The-general protective committee for security holders of this com(lrvin McD. Garfield, Chairman) has issued a "Memorandum for
Committee Constituents," dated April 18, which states, in part:
400,000
Folger, Nolan & Co., Inc.
coln,
the
Consolidated Income Account, Tears-Ended Dec; 81
taxes
have
A number of constituents
250,000
—■
Singer, Deane & Scribner
Robert
Gulf
10
Other income
pany
.
200,000
150,000
Salomon Bros & Hutzler
of Lin¬
Co.
1
Income
Schwabacher ds Co.—
L.
150,000
100,000
150,000
100,000
100,000
4,100,000
300,000
Evans, Btillman & Co.—
Co.—
and
the
Net
A
_
*' j7 *"
;
Co.-.——
■
E. H.
100,000
Co.
^
taken
then
action
the
Operating revenues
operating expenses
Taxes (other than taxes
of. 55
'
The
Department
1941
cumulative
1697.
p.
of
*
f
Schoellkopf, Hutton &
Pomeroy, Inc.—
.
—
Evans &
A.
154.
April
about
Atlantic
in as
much as they are of primary concern to your interests as investors.
(1) Although the hearings before the special master are much protraded (more than 7,600 pages of testimony, alone, have been taken
to date), we believe that substantial progress has been made, favorable
to your interests.
Of course, no prediction can be made as to the
exact date when these hearings will be
concluded or what report on
his findings will ultimately be made by
the special master to Judge
The
.400,000
Equit. Securities Corp.—
400,000
Estabrook & Co
1,250,000
Elkins, .Morris &;Co.___
Clement
&
Biter & Co.————
Co._ 1,500,000
&
cents.—V.
Associated
300,000
Co.jri--—- —■
&
Reynolds &
150,000
man
■
60
6%
^Committee Assures Security Holders fTheir^^
Being Protected—
600,000
Inc.
Reinholdt & Gardner—
andChisholm &. Chap¬
;
W.
R.
29,
;
Hop- i •::
^
100,000
Pressprich & Co.
600,000
■Putnam
"
-dividend
a
the
on
country.
Justice
Subs.)—Annual Report—
Corp.—A.ccumulated Dividend—
declared
accumulations
/V". 1155, p. .1402;.
150,000
Jaffra.y
wood
*
—
Webber & Co—-
Piper,
100,000
•
—
Dominick—' 1,500,000
Drexel
:
-50
^
200,000
Parrish & Co.
&
of
1941
150,000
200,000
Co
in
150,000
Ohio
directors .have
May 4V
•
Newton, Abbe & Co.-—-
Merle-Smith—
&
:
tax,
155,
•
250.000
Co:-—
100,000
Dominick
profits
excess
1940, for periods covered.—V.
share oii the Common stoclc, payable June
;
200,000
&
Newbold's Son
H,
W.
Dick
Dixon
.
;
for
necessary
of
,
The: dlrectors
•
.
R. L; Day &
&
Act
' Armstrong Cork Co.—25-Cent Interim Dividend—
^
300,000
F. 6. Moseley & Co.—i;. 2,650,000
Maynard H. Mtirch & Co.
100,000
' 100,000 t'
Co.—.
Profits Tax
the
•<<„.,
evidence
'
provision:, considered
Excess
eight large
in the
application
Labor
of
monopoly.
a
•
Moore, Leonard
•
Paul Hv Davis & Co.
•
•>
Dec.
&
Mitehum, Tully & Co.& Lynch
150,000
100,000
House & Co.—
Dain
M.
:
Beane-^—1,500,000
Merrill, Turben & Co.—150,000
Milwaukee Co.—---—
200,000
1,500,000
500,000
Inc.——
Co.——
Pierce,
Lynch,
-Fenner
■
400,000
Co.
Burr,
&
Curtiss,
J.
&
'
cents per share on
preferred stock, par
$10, payable April 29 to holders
of record April 22.
In 1941 the
following payments were made on this issue: March 31, 30 cents, and
McDonald-Coolidge & Co.
Merrill
500,000
D&dge & Co
Clark,
'Coffin
•Courts
•
<
The
!
•-account
E. Masten & Co.•
A.
100,000
Sherrerd-'—
Repub. Co., Inc.
150,000
Inc.-—--
Mason-Hagan,
■
Byllesby & Co., Inc.
Central
the
Arkansas Natural Gas
500,000
Laurence M.
1
Butcher
'. 24,065
—^
^
v.
1210.
100,000
.
Loughridge & Co.—_
100,000
-Alex. Brown ^ Bonsi—' 400,000
>Burns, Potter & Co.—__
100,000
—
'+**** >\«
•*
<
t
its
Federation
company
20, granted the application of company
firms into what would be the largest single
preferential
150,000
LyonsCo r.-UtMackubin, Legg & Co.—
lr.
W.
Co.__
&
under
p.
Rhoades &
Inc.
•
Whelen
'*■'!
one
231,709
16,901
31,242
'"V-
$295,970prof$140,988
Note—No
,
4,100,000
———
*
has
new
March
on
of
it
American
an
this
10 an appli-
of eight large Atlantic
discovered new evidence
alleged labor agreement, which was only
grounds it cited for a rehearing, showed the reaching of a
labor contract agreement between the company and the
International Brotherhood of Teamsters.-rV. 155, p. 1502.
>
>
3,379,746
231,103
15,161
with
make
to
merger
reconsideration
for
Commission
Agriculture.
$3,800,586
Net deficit
2,650,000
Higginson Corp.——
Lee
Bear, Stearns & Co.--wBecker & Co.,
''f'.'V1
150,000
W. C. Langley
200,000
._
G.
150,000
500,000
& Co.—
Lazard Frercs & Co.— 2,650,000
150,000
200,000.
200,000
,
expenses.,—
Taxes assumed on interest—
Other interest charges
Kirkpatrick-Pettis Co.— ;. 100,000
100,000.,. Laird, Bisseli & Meeds—
W. W. Lanahan & Co.—
$3,352,470
3,378,110
—
debentures
on
Amortization of debt discount and
Co.-$4,100,000
Kidder, Peabody &
.
500,000
Baker, Watts & Co
Baker, Weeks & Harden
Biddle,
Interest
>
Auchincloss, .Parker &
Eedpath
Bacon, Whipple & Co.__
•
Gross^ Income '
,
_
•A.
220,BIS
tend
company
opposition
new
underwritten by them respec¬
principal amounts
•
vA; <2. Allyn & Co., Inc.Almstedt Brothers
.
taxes.
the
merge
the
Commerce
in
arrangement
would
Commission,
trucking
°* the deben-
several underwriters
the
'Morgan Stanley '& Co.__$5,000,000 V
■
100,064
"
:
In
..
tively are as follows:
;
taxes
„
,
Underwriters—The
i.
to
237,387
61,457
199,384
which
The
Interstate
action
collusive
a
union
$4,298,814
——-
for Federal income
Provision
,
.treasury,,
$3,873,658
—200,247
expenses
the
Recon¬
to
,
authorizing a
trucking companies, alleging
seaboard
Asked
is
Combination—
on
Department's anti-trust division filed April
recent
its
of
>
•
income
Total
$3,161,982 paid each year on pre¬
stock and common stocx B
shares thereof in the company s
on
with
of
;
common
on
Justice
cation
-
.
^Includes dividends amounting to
;
Transport, Inc.—ICC
sider Action
:
i
.
i
,
b
'£
,
t
„.
-
a
base price of $3,535,000.
.generating,;'and transmission facilities in an amount-not yet deterimihed.*;." -^VV;-.:'"„
V> In addition to 'electric service the Kentucky concern renders natural
gas
an
and water service in certain areas
155, P; 1502.
ice1 business.—V.
Note—At
The TVA will retain certain
also, and in addition operates
:.:"v
.
•
.
no
par
March
31,
1942
there
were
.outstanding
94,551
capital stock.—V. 154, p. 794.
.Audio
Productions, Inc.—Control Sold—
See Western Electric Co., Inc.,
below.
shares
>•'
:
of
X.TnjTjrT~
Gross
operat.
accruals
...
„
362,182
' 87,222
$527,876
$517,202
Dr664
21,111
6,633
Dr5,487
income
$1,786,560
1,058,984
210,374
$225,774
$242,758
income
Operating
Other
...
$2,002,008
1,177,750
296,382
$675,178
$772,678
405,247
124,673
revenues.
•Operating expenses
income
Cross
deductions
Other
$523,835
184,478
7,306
$548,987
179,536
4,786
$225,110
61,493
1,609
$237,271
59,203
937
—,
debt
funded
on
$332,051
$364,665
•Including maintenance and depreciation.—V. 155, p. 1503.
Income
Net
sales
Net
Total
1941
1940
$3,355,176
,
—
profit
Operating
$3,093,473
$2,730,432
151,848
Federal income taxes..
Net
profit
-
share—
Earnings per common
$110,091
$0.37
$41,368
Nil
cash
Inventories were $3,646,344 in 1942 against
-$2,517,494 in 1941.—V. 154, p. 1590.
: :
liabilities
;
1941
1942
31—
3 Mos. End. Mar.
'
Subs.)— Earnings—
(&
Cigars, Inc.
Bayuk
.
$2,454,201.
to
Aeronautical
Brewster
Corp.—Plants Taken
admin. '
;
expenses
for
Prov.
,
Mar. 31—
income
,,12,031
-•
—.
—
13,901
..
$62,390
15,042
•
$73,991
61,909
income
Net
..
69,948
f
,
$981,285
640,639
646,238
595,409
46,357
41,771
39,410
1,439
503
538
Corporation reports net assets of $4,108,644 on March 31,
capital stock on that date was $16.63. On Dec .31, 1941,
assets value was $20.12.
5,259
"
$471,423
$341,852
777;
38,375
24,480
$406,994
V': Prof ir..—---------$454,943
♦Discount, rental, divs,7 7 7
& miscel.
income--- 7
27,263
7-
7;7'V"'
,r.
37,042
"
Total
I--(net)
—-
'
$366,333
Special deposits for dividends———
Interest and dividends receivable——
inc.—
209,204
§tl58,902
$261,338
$284,278
$404,075
$287,976
14,700
98,265
22,593
73,701
Liabilities—
Net
profit
Divs.
pref.
1st
7%
on
stock
Divs.
Earns,
"
•
:
' "
——
6,989
147,399
———
stock—
com.
on
147,399
:
sh. on 393,-
per
060 shs. com. stock
$0.66
§$0.71
$0.99
$0.68
♦Of cost of cigar machines, licenses and patent rights, tlncluding
of $5,250 from controlled company not consolidated, tineluding Federal excess profits tax. §As revised.
Note—The equity of Bayuk Cigars, Inc., in undistributed earnings
for the three months in controlled company (not consolidated)
is not
included in
the above statement of consolidated profit and loss.—
,
-7
155,
V.
1008.
p.
Packing Co.—Earnings—
March 31—
profit.:
-Net
♦Earnings
•After
•
charges and estimated Federal income tax and excess profits
tOn 437,524 shares common stock (par $20).
estimated taxes for the first quarter of 1942 include Fed¬
1941.
in
tax
$523,556
7 $1.20
$608,540
, .. $1.39
$678,681
$1.55
$696,878
$1.59
——
share—
per
Note—The
$313,000 and excess profits taxes of
$968,000, a total of $1,011,000, based on the Revenue Act of
1941,
which compares with similar taxes for the same period of 1941 of
$445,090.—V. 155, p. 1210.
,
,
>
:
,
of
surtaxes
and
normal
eral
,
Corp., N.
first
Organized—
1
bondholders'
mortgage
$7,000,532
(& Subs.)—Earnings
inc. and cap. stock taxes
1942
$2,498,293
1941
$2,289,270
and cap. stock taxes—.——
♦1,308,365
801,662
March 31—
3 Months Ended
Net inc. before Federal
*
Prov, for Fed. inc.
r
Net
income
—
—
—$1,189,928
a—
$1,487,608
$0.47
$0.60
•Representing
$1,058,365
provision: under existing tax law and
$250,000 additional for anticipated increases.—V. 155, p. 1008.
Earnings per share on common——
Bank,
Mitsui
German
in
second
——
has been organized under
of the Girard
V.
President, at the annual meeting of stock¬
holders held April 14 announced that during the past few days, the
corporation had received two awards of the Navy "E", one. for the
Fore River ship yard and the other for the Staten Island ship yard.
These were
in addition
to the award to the Bethlehem, Pa.
plant
Vice
McMath,
E.
several months ago.
; 7"7
y7'' ;;.'7:7.,, ■: 7.:77:7'7--..-v,;7;
Three proposals of L.
B. Coshland and John J. Gilbert, minority
7 stockholders, were rejected by substantial majorities.
These were
to reduce
bonus compensation of certain executive officers,
that of
Mr.
Grace
to $50,000
and other executive officers to $25,000;
to
income after
expenses and
taxes—
Other income (net) (Dr)
place of annual meeting to New York, and to change the
method of selecting public accountants the name of the firm to be
submitted to the stockholders with a representative of the accounting
firm so chosen to attend the next annual meeting.—V. 155, p. 1116.
change the
,
,
6,680
$1,315,628
669,928
676,403
$4,225,965
2,696,600
Net
income
$619,648
$639,225
$1,529,365
$0.86
$2.05
the
provision was at the rate of 24%.—V. 155, p.
1941
(Sidney) Blumenthal & Co., Inc. (& Subs.)—Earnings
First
Quarter—
reserve—
Depreciation
1941
$302,941
1940
1939
$42,904
$26,223
77 50,520 7 '/ 65,871
49,753
61,379
tax_
——_
for Fed. inc.
Prov.
1942
$52,159
••
operations-
from
Profit
-
75,374
declared an interim dividend of 10 cents per
stock, no par value, payable June 15 to holders
of record May 9.
A similar distribution was made on March 9. last,
which was the first since April 15, 1937, when 10 cents was also paid.—
V.
Net
profit
*$9,220
31,775
—
Adj. of 1941 tax prov.-Addition
to
Boise
The
in
of
Traffic
.
—V.
Boise
the
Corp.—Files
Financing
Plan
Power
Water
&
65,000 shares of
Co.,
consisting
common
to
issue
and
stock
of
(par
6%
$100,000
$1), whereupon
77
subsidiary of Boise.
a
proposes
a
sell privately
to
the
Northwestern
Insurance Co.
IOIV2.
parties may
of
price
Interested
Dividend—
cents, and Aug. 1, Nov. 1
7
California Oregon Power Co.—Earnings—
Years
Ended Jan, 31—
Operating
Operation
„
•,
-
1942
-
''
v
—$5,572,806
——
1,299,523
revenues
———
repairs^.
and
Maintenance
260,715
—
Appropriation for retirement reserve
Amortization of limited-term investment
Taxes (other than income taxes)—,.
Provision
for Federal income
new
for Federal
profits tax
excess
——.
has
Elevated Ry.
7: 7.,7V"'——.77-
Total receipts
Total
Rent
*
leased
for
267,666
238,535
income—.;.
$2,092,174
$2,020,195
$2,094,604
$2,694,648
$2,435,482
1.735.045
1,617.541
141,739
Gross
Interest
operating
income
3 761
236!o83
Amortization
329.374
Other
99.498
—6,897
——
99.498
7
6.612
on
receipts over cost of service
accrual
•Includes
j-j
1942.
—V.
tAmortization
155,
p.
of
of
$150,000
gross
Interest
Amort,
Federal
funded
income
debt,
taxes
bank
842,500
.
Deductions
this year is about
20%,
an
for
charges,
year
etc.
increase, and the gain in
Martin Sweeney,
com¬
1941
—
77.;;V77r ■;77;-:77
■.
1942
1941
$5,345,000
Lines, Ltd.—Organized—
L.
and
B.
Unwin,
General
President:
G.
Manager.;
C.
H.
W.
G.
7
7
14—
1942
•1941
$4,493,000
$3,848,000
77,..--,7;:"77,- /7 ■.V7.77 '
1942
1941
1940
$53,055
$56,131
$51,405
3,204
3,383
4,170
5,374
$56,258
$59,514
$55,575
$54,817
basis
the
On
19,180
19,930
20,595
21,681
$39,534
$34,980
$33,135
32,550
32,550
.7. 32,550
32,550
—
and (or) loss on sale of securities.
of valuation indicated by the summary of assets and
profit
•Before
1939
$49,443
prepared by the auditors, bank loans were covered 2.7 times,
preferred stock was $56.80 per share, and the
asset value of the class A stock was $2.05 per share on March 31, 1942.
liabilities
asset coverage of the
the
'
Sheet,
Balance
7
March
31
1942
——
1941
$773,552
•'
'
Cash——————
$559,630
17,803
1,424
interest receivable-—17,597
Dividends and
sold-——„————— v. 7- 5,461
cost)——-——
*4,407,439
for securities
Received
Investments
(at
4,681,805
—_
35,138
35,164
—. ——
$5,239,186
$5,295,830
$434,000
143,405
;
2,400
35.138
1,450,000
109,211
9.978
$434,000
143,405
2,400
35,164
1,600,000
3,055,054
3,070,765
$5,239,186
$5,295,830
dividends
Special deposits for
Total
—_—
7 Liabilities—
Preferred
A
\
;"7;
($10 par)..—I-;.
par)—————
———*
stock
stock
($1
(1 cent par)———
Class B stock
———_i—
Dividends payable—
loans
for
Due
Reserve
—-—-————
securities————————
for expenses,
Surplus
4,290
Total
the
taxes, etc.
—
—
absence
3,025
3,450
81,813
corporation,
19,686
V.
$909,718
$946,542
155, p.
—
———
——
•Investments,
in
—i.; ;
10.096
based on market quotations as at March 31, 1942, or,
thereof, on their then fair value in the opinion of the
amounted
to
$3,237,742, or $1,169,697 less than cost.—
397.
"
"
"
r
'
$873
Net
—V.
Corp.—New Directors, Etc.
showing
the com¬
This
15,
$37,078
'
income
155,
p.
—...
Carborundum Co.—Changes in Personnel—
1306.
Dr. Frank J.
Chairman
Hotels
May
acquired
———
22,546
■'
.
...
15.
on
1942—3 Mos—1941
Ry.—Earnings—
Income
40.520
charged to construction .(Cr)——
preliminary costs of projects aband.
of
May
The company's office is located at Windsor Station,
Preferred dividends
203,223
4,715
.
—
share or.
per
cents
———_
Income
842,500
203.220
,.
and expense..—
(Edward G.) Budd Mfg. Co.—Quarterly Earnings-
of this corporation is
so far
on
debt—.-
debt discount
2,430
1595.
Bowman-Biltmore
Business
*"
for
discount
$3,971-
of
interest
Miscellaneous
Excess of
——
funded
3,761
324,165
—
—
(net)———
income
Other
236468
,___
.————
items
$2,330,709
239,369
*285.143
_____
—
♦Miscellaneous
Total
Bank
roads
bonds
on
Dividends
—
11,167
$2,018,039
2,156
Net
237.
„—
income
682,536
$2,257,408
1941
municipal tax accruals.:
rapid transit line rentals.:
Subway and
Interest
expenses
and
482,500
operating revenues—
for lease of electric plant———
1942
7
——
operating
Federal. State
Rent
Co.—Earnings-
$2
record
50
p.
Dividend—
$4,932,055 $15,225,159 $10,691,565
company-are:
income
Interest
Class
Net
Boston
1,248,745
263,035
389,500
128,583
—
its
close
7,270
.
Month of March—
$5,293,629
719,806
7
7
——
153,
.
Vice-President
1596.
^Assets—;
1941
7,270
taxes
Provision
510,000
—
of
of
last, and
Air
and
.
$950,000 20-year 3V2% first mortgage bonds
7; ;7"7;7.V
apply to the Commission for a hearing not
later than May 8.—V. 127, p. 258.
7
at
Co.—25-Cent
declared a dividend of 25 cents per share on the
stock, payable May 1 to holders of record April 20.
common
par
Castings
Steel
directors have
holders
1,
earnings
155,-p.
♦Net
Payments in 1941 were as follows: May 1, 25
and Dec. 27, 50 cents each.—V. 155, p. 498.
'
and
also
Mutual Life
*
no
a
become
Kellogg will
;
*$39,648
-7:7 ••77
Water
Kellogg
of
securities
demand note
.
$177,814 77 »$7,617
The
the
at
subsidiary
a
Dickins,
Dividend
"" .7.
"
1009.
p.
below.—V.
'
Pacific
organized
Week End. Apr.
♦$39,648
subsidiary of General Water, Gas & Electric Co.,
application filed April 22 with the SEC proposes to exchange
shares of its common stock with General for the outstanding
corporation,
an
1,650
(Idaho)
155,
and
company
audit
1942—Month—1941
common
Buckeye
$22,555
1591.
p.
*$7,617
SEC—
With
7
surplus—
154,
•Loss.—V.
$177,814
the
on
the
Capital Administration Co., Ltd.—Earnings-
have
directors
The
share
the
months
P'?nt,s; W. R. Patterson, Comptroller; T. H. Moffitt, Treasurer; I. R. G.
1595.
Common Dividend—
Silk Mills, Ltd.—10-Cent
Bruck
of
independent
dividend
a
to
3 Mos. End. Mar. 31—
;
books
to
Montreal, Canada.
shares
745,364
on
six
$6,506,000
company,
"Punch"
$2.44
issued and outstanding.
Note—Provision for Federal normal income taxes for the first quarter
of 1942 has been made in an amount approximating a rate of 40%;
♦Based
the
McConachie, General Manager of Western Lines; C. R. Troup, General
Supervisor of Schools;
T.
W. Siers, General Supervisor of Repair
$1,819,009
$0.83
—
share
per
in
depreciation
for
$28,706,000 $23,528,006 $79,623,000 $64,698 467
22,282.394
18,595,951
64,397,841
54,006,902
Canadian Pacific
♦Earnings
the
1596.
p.
Officers
$4,631,692
2,812,682
deductions
Income
on
of
Canadian
Pacific
Ry.
Co.,
was
the following companies; CanAirways, Ltd.; Quebec Airways, Ltd.; Dominion Skyways, Ltd.;
Arrow
Airways, Ltd.;
Yukon Southern Air Transport, Ltd.; Ginger
Coote Airways, Ltd.; Wings, Ltd.; Prairies Airways, Ltd.; Starrett Air¬
ways & Transportation, Ltd., and Mac Kenzie Air Service, Ltd., which
covers
a
combined air mileage of about
5.000,000
miles
annually.
51,427
$1,239,576
——;
for
$220,085
the
$6,423,606
Collins, Secretary.
income
Gross
7
,
4,232,644
11,851
six
accounts
ad.an
4,683,119
1,327,479
155,
Canadian
<
4,740
The
dollars
S.
rates.
revenues
This
trustee
1,294,316
U.
the
Ltd.—Acquired—
1
revenue—
recently
1942—12 Mos.—1941
$6,669,260 $24,810,273 $24,320,434
$7,068,912
—
in
ac-
approxi¬
for
360.
p.
expenses
—V.
whose
to
income
respectively.
provision
Lines, Ltd.,
Dec.
on
esti¬
1596.
declared
June
paid
revenues
Gross
,,
revenues
net
stated
and
from
p.
Air
Week End. April 14—
1942—3 Mos.—1941 7
Period End. Mar. 31
Operating
Operating
have
payable
$1
for
the
1941,
subsidiary,
Fairbanks-Morse Co., Ltd.—$2
Operating
Net
30,
•
,
1941,
been
subject
Period End. March 31—
Brooklyn Union Gas Co.—Earnings—
Rejected—
Steel Corp.—Bonus Reductions
Bethlehem
R.
taken
Pacific
Sept.
and
reported
to show
1941.
and
are
Federal
revised
ended
'
for
previously
.
been
Canadian
exchange
Airways,
directors
with
and
have
year.—V. 155,
Operating
.
77
figures,
companies,
stock,
1942
$260,905
1942
as
consolidated
includes
of
$0.69
7£7 ;7777 v77■■■-■
77 n. ~<:77777777':. -77
Canadian National Ry.—Earnings—
rent. The
and other
outstanding $2,220,000 of
Coxe has appointed Harry Forsyth as
reorganization proceedings.
the
in
above
155,
31,
v..
$427,698
$0.99
•
provision
year
period,
$613,624
'
$0.81
has
1941,
the
the
official
31,
Canadian
pares
77'7
income bonds.
mortgage
3,261
102,177,
foregoing summary, amounted
of
summary
March
The
mon
the
Federal Judge Alfred C.
16,544
income,
31,
for
subsidiary
amounts
Canadian
Company also has
$533,136
*341,564
the
company's
the
10%
Canadian
on
such
to
the
in
March
above
the fiscal
the building, from paying their
occupied the entire ground floor
tenants of
Lloyd Co.
building.
the
ended
Canadian
whose address is care of Girard Trust Co.,
:- '''
" '-'77
7
'7'
.'7'
Inability to meet the mortgage interest on the $7,927,000 of first
mortgage bonds, which brought about the reorganization, is the result
of
war
conditions
which prevented North German Lloyd Co. and
space
43,906
$971,732
$497,276
-\
"
purposes,
taxes
of
and
Canadian
of
See
Williams,
North
12%
The
of
Fidelity-Philadelphia Trust Co.; Harry R. Amott, President of
Amott Baker & Co., Inc., of New York, and Stanley Stanger, Chairman
of the Guardian Trust Co. of Montreal.
The committee's Secretary is
R.
included
.subsidiary
dent
Herbert
4,393
.
436,498
—.
March
allocable
income
are
ended
.
committee
$489,230
12,911
1
shares
income
on
net
The
1,397,260
5,517,409
corporation, owner of the 33-story
office building at 61 Broadway, New York City.
A petition for reor¬
ganization under Chapter X of the Bankruptcy Act was recently filed
in the U. S.
District Court for the Southern District of New York.
Other members of the committee are Horace Schermerhorn, Vice-Presi¬
dent National Shawmut Bank of Boston; Miles S. Altemose, Vice-Presi¬
for
Philadelphia,
$967,339
par)
ended
taxes
respective
chairmanship of George H. Brown Jr., Vice-President
Co.,
3,767,939
$935,960
15,097
615,157
on
Canada
be
to
the
basis
City—Bondholders
Y.
4,199,826
4,231,208
Can. taxes
comparative
of
of
months
of
market quotations as at March
31, 1942,
$1,522,391 less than cost.—V. 155, p. 1117.
on
4,746,783
—y,
months
counts
Philadelphia..'
Beneficial Industrial Loan Corp.
six
mated
c
~~9"l85
$5,726,945
———-
of
359,666
5,259,986
.
Dom.
1940 v;
$8,816,662
5,882,877
,
$948,871
share
per
amount
4,997
7,565
1,234,815
4,396,220
—
Broadway-Exchange
Trust
"
based
♦Investments,
the
1939
1940
—
-
amounted to $3,850,771, or
A
,7
1941
1942
the
$71,680
3,360
1941
$8,456,995
v '•*
\
:
,
$9,945,330
•
exps.
':'
capital stock ($5
•Revised figures,
21,238
—
Total
v"
.»
$63,748
($5 par)———
Committee
Beech-Nut
3 Mos. Ended
'
Ended March 31
$12,078,823
___
etc.,
■'
'
of
.<
Dominion
28,284
$7,000,532
>*1
and
excess
.
.^7
*
income
mately
?„•7
•.•.•••
Capital stock
Surplus
dividends
-
25,889
$5,726,945
payable
——————
Due for capital stock repurch. for retirementDue for security purchase
—
Reserve for taxes, expenses, etc
—
profits
1941,
and
$12,330,413 $10,316,105
251,590
370,775
income*^..——.— 7
~
Notes—For
71,680
1—
Dividends
of
income
Months
1942 1
income
Earns,
-
———
-
Six
for
.V-7v";
deductions
Net
f
1,588
63,748
—
for
$0.13
depreciation
excess
1118.
p.
————__
for Fed. &
The
7—
Total
*
4
Prov.
313,841
7
3,344
for securities sold-——.--
and
,
credits
Income
$6,585,139
260,802
banks
in
Received
5,199
73,158
1,553
104,171
;! .7" 11,664
pay.
for tax. on
Prov.
$509,798
$444,036
855
$482,205
—
Int. on notes
*
Cash
1941
1942
t$5,373,162
7
Assets—
provision
155,
Account
Income
operating
"
Gross
......
Investment at cost
including
$756,900.—V.
goods sold.;
sell g, gen'l, adm.,
'Income
I
7 7 '.7—7 Balance Sheet, March 31
..
interest
1939
$135,506
The
asset value of
,
of
including
of
Net
•v.*/
the
bldgs., equip. & auto.
•Amortization
;
charges
1'
sales
Adv.,
56.967
60,372
charges
1940
provision for income and
calculated under the Revenue Act
.
$54,286
$67,371
1942.
38,765
of
capital stock—
Divs. on
-a1,
15,623
all
Discounts and allowances——.—
u:
Total
$0.26
Gross sales
Cost
$69,909
$82,413
all
Consolidated
,
468
$87,892
' $260,195
$0.36
deducting
$1,497,600
after
1941
$357,242
$0.42
preferred stock (no par).
$69,440
$82,413
after
taxes
Net
354
$74,422
of
1942
$410,432
Canada Dry Ginger Ale Co.—Registration Withdrawn
1939
1940
$87,892
$74,067
income
Income—
Interest
/
.
The company on April 20 withdraw its registration statement (2-4977)
the SEC, covering 25,173 shares of $5.50 cumulative convertible
Street Investing Corp.—Earnings—
3 Mos. Ended
Dividend
.
.
from
-'7 7 77.,7:77.777''
1941
deducting
1941
profits
plants have been taken over by the Secretary of the Navy,
instructionus of the President, for the purpose of im¬
production, which at present is not satisfactory," he said.
"They will be returned to their owners as soon as practicable."—V. 155,
1939
1940
*
-
714,357
—
-
deprec.
*
-
-
$1,157,608
$1,089,906
$1,217,095
-
in
proving
1942
;
share
com.
1942
in
taxes
"These
Broad
1305.
p.
Co.—Quarterly Earnings—
—_
per
♦After
and
acting under the
Deductions
"
155,
Wheel
profit
Earns,
charge of production, under his general supervision, but that the
management would be "divorced" from the corporation's board of
directors.-'1"'
77'"""" 77,...,
•
'■
..
"
profit
Gross
"'©ell., general &
•Net
Long Island City,
.
including
interest
and
deprecia¬
1942 provision for income and excess
calculated
under
the
Revenue
Act
of
for income and excess profits taxes of
in
Quarters End. Mar. 31—
April 20 took over the plants of the corporation located
Newark and Johnsville, Pa., because "no finished
planes were being produced," it was announced on April 21 by Captain
George C. Westervelt, U. S. N., retired, who has been designated by
the Navy Department to operate the seized factories.
The labor relations of
the company have been excellent and will
be continued unchanged, Captain Westervelt stated
The Navy on
1-117.;77-7jiv7'-';-,7;:.^•;::p;^7:,7777777,..7: ■'
charges,
Over by
Navy—
p.
all
deducting
of
$3,099,000
1941 provision
in
and
Budd
amounted
$9,097,599; current liabilities were $3,798,819.
On March 31, 1941,
amounted to $548,551, current assets to $7,779,729 and current
to
'
49,790
8,422
1942, including cash of $584,107,
assets March 31,
Current
18,391
156,491
46,400
$93,570
$0.29
~
——
—
126,792
174.570
81,000
———
income
1941,
after
taxes
$1,105,500.—V.
in
1942
Quarter Ended March 31—
deducting
and
profits
Captain Westervelt said that he expected to keep Ralph M. Singer,
President of the corporation, and George F. Chapline, Vice-President
Sub.)—Earnings-
(&
Corp.
Bros.
Barker
$162,008
$177,131
—
tion,
director,
a
C. S. Brown, Treasurer, has also been
elected Secretary, succeeding the late Mr. Ross.—V. 153, p. 389.
in
Interest
Monday, April 27, 1942
•After
has been elected
William P.
succeeding W. M. Ross, deceased.
1942—3 Mos.—1941
1942—Month—1941
stockholders at the annual meeting.
O'Connor of McDonnell & Co.
the
RR.—Earnings—
& Aroostook
Bangor
Period End. Mar. 31—
Tax
CHRONICLE
THE COMMERCIAL & FINANCIAL
1672
" TMIJWWS**
(>W^&IA^j'53a^ATtoXni^ .sayr*)^ w
President,
told
Quarters
•Net
Ended
1942
1941
$855,020
$639,905
preferred stock.I—_i—J * * $14.36' ■" * $10.75
March
profit
Earnings per share on
31—
:
'
retired as President and was appointed
position. Arthur A. Batts,
became President,
The directors also announced the
7
w
Tone on April 22
of the board of directors, a new
Secretary,
as
Treasurer
ceed
him,-
and
retirement of Frank H. Manley Sr.
appointed his assistant, Thomas B. Foot, to suc¬
-»«. •«
»
*
*
■< <»
••
*-v-r £.%
•*A>
P. Kirchner, Vice-President,
Henry
President-, In
board.
Frank
••Frank
A.
Vice-President
It
and
stated
was
that
instead of vacations this summer, plant officials
Employees of one to three years' service will get one
pay
of
;
than
more
three
Carnegie-Illinois Steel Corp.—Sued by
•
General
Production
War
Biddle
three
months
ended
$24,424,648
with
in
March
inventories
goodwill, at
equipment
(less
?
984,358),
1306./,;/.;//;/
(estimated),
record
value,
for
reserves
$22,671,462;
common
land,
insurance,
prepaid
repeated, deliberate violations of
with
and
taxes,
stock,
nominal
without
or
Total
Period End. Mar. 31—
Operating
"
"
<
■
Gross
future
the
in
requested.
are
Power
Operating
Operating
expenses,
ex-
2,741,300
502,645
:K 474,283
Other taxes
42,548
44,168
426,213
491,127
Property
retire,
appropriations
Net
2,998
operat, revenues.
income
Other
Amort,
5,743,235,
104,616
1,384,391
289,950
155,301
1,688,953
1,452,901
re-
-105,000
1,265,000
Other
on
$58,967
bonds
mtge.
34,948
$379,320
$4,536,530
,
•
.
$284,830
revenues-
"•
,
21,998
/
$642,938 ./
$73,306
value,
earned surplus,
$831,608
deducts.-,-
premium
143,750
.2,250
.
1,722,844/
1,674
.16,727
56,873
42,525.
476
36.941
;
3,834
..
.
$2,912,771
$3,979,000
1,255,237:; 1,255,237
Net income
'
provision• for -Federal- taxes -of$50,374 . for/ the
months ended Jan. 31, 1942, additional to the
fIncludes
and
month
*
>
.:
direct
.I..
Other; taxes
Property
i
retire,
Other
Income
V.
1,700,056
Other
on
1,270,000
$4,488,384
int.
579
21,968
20,303
$297,144
$345,321
$4,510,352
•After
143,031
1,722.125
2,043,227
1,358
915
17,170
60,392
deducts./
of
on
debt (credit)
Interest
chgd. to con-
J
;
struction
56,861
4,725
4,713
267
7,255
.
»'■ /•"/;
:
'
24,703
depreciation,
charges,
declared
have
•
plant
addition
interest,
$10,000
as required
1404.
p.
1118.,
1
±•'
:
*
*
"'**
*'
other
Taxes,
close
the
than
more
of
business
$600,000
(or
April
on
of
Net
7
•
f,
,
.
--.r
,
-
""'-I
more
than
45%)
1942.
1941.—V.
* ■" .i"
debentures
"
•
income
had been
long-term debt
Amortization, of debt .discount,
155.
L 1
xu
Net
(net)
income
in
favor
•^A, SS 61S
outstanding debentures is necessary jprior to June 1 to make the
'plan effective. 'V/
1
corporation, also announces that during the first five months
of the current fiscal year it booked $10,920,977 of orders, practically
all. of-which-was
business.—1.55,. ^.*4404. ,
share
April
on
30.
the
'From
common
Aug.
10,
r
stock, payable Mav 9 to holders of
to and including Feb. 10. 1942,
1940,
was'made on Dec. 15, 1941.—V. 155,
p.
693.
and
and notes
receivable, etc.—;
;
—
supplies
discount, premium and expense in process of amortiz.
—r,
(par $40)
6%
cumuL pref.
•lioiig-term debt.
Notes
payable
Accounts
I—
—
_!/.
—
(279,143 shares no par)
stock
(par
$100)—
'—l..
to
banks
—
payable
Customers', deposits
f;l2Mos.End. Mar. 31—
Net
sales
*
——'
Accrued
3042
-
^1941
__,__„.$103,775,446 $82,711,172
etc.; less mis*'
83,753,632
Depreciation and amprtization_^™_-i._L-™-.t.«^
Other
current
Deferred
65,847,890
Paid-in
!
liabilities^J—
:
^
;
reserve
in
aid
-
of
1
—
Interest
income
$16,319,616
-
surplus
i
;
r—
Earned surplus
63,146'
4,675,956
-———
earned
-.vji, 132.705
Interest paid
Profit
Federal
Net
67,669
before
taxes
Federal
$14,181 5*8
h
%
189.639
$16,384,651 $14,270,057
(including
excess
profits tax)
Total
--V.
101,131
•
5.488.714
$6,499 213
$8,781 3^3
$3.45
$4.66
on
com-'
June
The
per
to
common
Note—Federal
surplus-_i„_l„____>__
share___-i..__
income
tax
and
excess
•
nrofits
tax
have
b«en
puted in accordance with U. S. Treasury Dept. proposal for 1942.
&
directors
account,
profit carried
Earnings
596,"
p.
Central
■
9,885.438
series,
20
\
South
on
a
prior
to
dividend
lien
holders
,
' "
West Utilities
April 21 declared
of accumulations
and
the
$93,420,636
;
155,
of
on
of
record
Co.—Accrued Divs.—
dividend of $1.75 per share on
$7 dividend
account of accumulations
the prior lien preferred stock,
$1.50
preferred
a
per
stock,
May
share on
preceding
quarters.
$6
29.
dividend
series,
both
p°vpble
Like amounts were distributed
'///'i ;.vv:;"; ;'//■/'
and
Kirby
with
as
new
Young
Messrs.
were
and Blaine, Nicely, Ayres
1942
1939
1940
1941
$13,190,594 $13,165,005 $10,209,539
5,552,797
6,605,726
4,046.513
3,458,390
4,692,610
2,836,467
35,832.796
13.522,590
7,348,267
33,363,268
14,806,218
10,268,474
30,946,080
$9,459,636
3.504,042
;
2,395,992
'
railway
railway
.income
,
12,582,856
9,298,283
26,952,938
9.870,372
6,851,877
-
April 1 to
April 2 to
April 14, '421 April 15, '42
31,046
28,413
19,469
18,037
;
loaded
Total
—V.
.
from
cars
connections—
Z____-'Z/:'
loaded
46,450
50,515
155, p. 1597.
Chicago Rapid Transit Co.*—Reorganization Plan—
Chicago Surface; Lines.—V.. 153, p. 390.
See
Chicago Rock Island & Pacific Ryv—Changes—
E.
-
B.
Herdman
from
Dalhart, .Texas,
will
succeed C. C. Fertig as*
of the Oklahoma Division, with headquarters at El,
effective April 10, according to announcement by C. L.
Bakke, General Superintendent at El Reno.
Mr. Fertig, who has been
Superintendent
Okla.,
Reno,
Superintendent at El Reno
Mo., as Superintendent - of
G. R.
Branch, who returns
Handle Division.—V. '155, p.,
since March, 1941, goes to Kansas City,'
the Missouri-Kansas Division, succeeding
to Dalhart as Superintendent of the Pan.
1504.
t
,
■
•
Chicago Surface
Chicago
Subway
volving
an
Surface
System, work on which is now reaching the firal stage in¬
expenditure of something in excess
of $50,000,000, 45% ;
the Federal Works Agencv is obligated to contribute.
Upon
an
which
of
to
Transit
Chicaeo
.
Lines—Reorganization PJan—:
amended plan of reorganization dated April 3, 1942,
Lines and Chicago Rapid Transit Co., a new
System is being created for the purpose of giving
the Citv of Chicago a modern, efficient, city wide transportation svs->
tern which will be operated under one organization, thus coordinating
the various methods of transportation.
s ••
•' ,
.
;
The new reorganized company will be organized through the merging
of those
various individual companies which make un the Chicago
Surface Lines end the Elevated Lines.
It will ooerate the new Chicago;
Pursuant
of
these various svstems it is p'anoed
Chicago Motor Coach Co. will be acquired thus
completing the entire city wide transportation system unification under
the
that
one
coordination
in
operations of
ownership of the
operating head.
rnUrt
in
D.
s
'
railway,
oper
Received
^6,087
•
Mr.
reelected,
155, p. 1596.
Cars
468,537
'
..'Operating
George
Chicago Burlington & Quincy RR«—Carloadings—-
7,111,025
69,687-
1—
construction
Thompson,
Period—
"324,680
liabilities
Depreciation
Contributions
3,702,199;; ,2,681,734
J
^
1
;
—
with
committee
finance
and
railway
from
ry.
;
1,207,695
interest
issue;
& O, and two subsidiaries, the
roads; H. B. Erminger Jr. of
Lipscomb
Routh,
Newton,
from
Net
$10,413,720
26,021,965 •
593,000
47,000,000.
280,000
648,669
516,468
—
—
C.
Earnings for Month of March and Year to Date
from
Net
—V.
.
stock
the
to
from
Gross
Liabilities—•:
Common
$6 cumul. pref. stock
bond
Alleghany
one
Marquette
reelected Chairman of the executive committee,
Net ry. oper. income
From Jan. 1—.
$99,420,635
—
Pere
//>?/•;/:
Erminger
March—
Net
1,625,557
1,582,833 >
•
80,463..
4,292,716
:__j'_l__
of
President of
Gibson; new members.-
Gross
999,991
accounts
Accrued -taxes.
! i Caterpillar Tractor Co.—Earnings—
Cost of sales,, operating expense,
.cellaneous income
'I
125,998
/
Totql
company paid each .quarter a regular dividend of 25 cpnts ner
share and an' extra of 25 cents per share. Tn addition, an extra pay¬
75 cents per share
and
was
Fitzpatrick,
Named
$89,719,857
993,220
etc
trustee
the
»
Brooke
>%-■'
^
Prepayments^'^—
Debt
the
ment of
•.
J
Materials
directors" have declared the regular- quarterly dividend of 25
per
%
...
stock selling commissions and expense
Customers'
;; * The
record
plant,
Cash
The consent of holders of 66% %
(A. M.) Castle & Co.—Omits Extra Dividend—
'i
•-»-"•
and
C.
members.
1,423,595
■■■>< /■;.
York,
Cleveland,
Plate
Brooke,
$2,300,781.
1941
31,
,
.
stock.
Mr.
-
1,708,314
•-
' 1
Preferred
cf the
cents
'
$2,005,339
—
Sheet—Dec.
,
.
.
resigned as a member of the board last December, was
director, along with James G. Blaine of Marine Midland
a
of
Messrs.
1,790,042
260,193
Crl6,311
5,543
—
Taft.
A.
Wv Va,;
Homer L. Ferguson,/
Shipbuilding & Dry Dock Co.; Ralph C.
Hollister of Cincinnati, law partner of
B.
Kirby of Morristown, N. J., who succeeded John M. Miller Jr.
New
of
mon
9,597
5,013
and J.
Harvey D. Gibson of Manufacturers Trust Co., New York;
Thompson of Continental Bank & Trust Co., trustee for
Alleghany bond issue; Brigadier-General Leonard P. Ay res of J
Cleveland, and Mr. Young.
'
General Ayres, Mr. Gibson and Mr. Lipscomb were elected by holders
of preference stock,
series A, and the other 10 by holders of com-j
$4,340,248
etc..
Investments
The
Robert
'
Utility
;
""
1,730,833
261,757
Cr20.431
—
Balance
pavment of 20% of consolidated net earnings before income taxes (and
r.fter certain other adjustments)' be changed to require a payment of
of such earnings after all taxes.
•
counsel;
another
$4,330,651
—-
—
Preferred/dividends
a
20%
'
•
-
Allegheny
Charleston,
News
Newport
Louisville,
■
•
1
■
York,
New
Richmond,
Nickel
764,303
.
—
deductions
income
aggregating
deposited
■
of
reelected
2,190,577
•
7,765
1,509,358
$3,984,624
Dr2,114
income
(net)
income
proposal that the sinking fund requirements under the indenture
dated as of Oct. l,v1938, whereby the company should make an annual
rif
,
of
Dickinson
L.
1,569,605
V J
of
Newton
Chicago;
$3,982,510
operating
Other
A1***■
17.
J.
Bank
the
E.
Joseph P. Routh of New York, Chairman of Pittston Coal,
William H. Lipscomb of Leesburg, Va., have been
elected
of the railway.
They replace Frank B. Bernard of Muncie, r
and
Brooke
828,194
-
been vacant since the resig¬
Huntington, W. Va.
has been promoted to
Nicely of Guaranty Trust, which is trustee for one Alleghany
Allan P.
of
Carl
Fitzpatrick,
Senator
2,021,006
profits taxes
& exc.
,
chairmanship had
Tunstall,
of
3,558,549
6,345
1,542,264
283,269
taxes'----/--i---—-—
Other
Carrier ;G6rp^Bond Deposits^-Orders Booked—
At
of
1,972,728
profits—
excess
?
Feb. 1, >41'
issue;
Co.,
140
2,293,491
income and
than
Charges in lieu of inc.
'
*
—'*
'
Act
Revenue
'
.
order
3,651,368
purchased—
franchises.^-—.—
interest
p.
by
1941
/_/_»;
-
of
General
the
bond
1941,
1,
896,696
Depreciation
.
under
Mr.
$16,200,389 $15,210,403
w
gas
Feb. 1, '42
Ohio Ry.—-Control Regained by Alle¬
board
The
B.
James M.
'ji
on
required
May
v-.:r-V;
1
i
beginning
month,
retirement,
—40 Weeks Ended—
Feb. 2, '41
counsel of the company,
Vice-President and General Counsels <„,
.
-
tBefore reservation of net
etc.
per
-
Gross
amounts
Robert
income Account
Interest
the
Feb. l, '42
Robert R. Young, Chairman of the Alleghany Corp., has been elected
of the board of directors of C. & O. Ry. and of its finance
1,547,382
Dec. 31—
and
stock,
Chairman
$9,076,756
'k'jU-
r' V
t
the
on
B
ghany Corp.—
/
1942—12 Mos.—1941
$9,288,720
tl,545,379
debt
or
$13.99995
preferred
6%
the
amounted
profit
President
411,908
Service Commission.—V.; 155,
$2,685,535
to
paid on these issues each quarter
were
1942,
$100;
par
on
Gifford
$2,257,810
Other
provision
stock,
2,
nation of Herbert Fitzpatrick of
t413,358
of
amount
the
at Jan.
$48.50
directors
1942—3 Mos.—1941
depreciation,
taxes,
$1,616,610
•Includes
Like amounts
.
V
$2,328,568
for Federal taxes of $62,443 for the current
month and $112,816 for .the 12 months ended Feb. 28, 1942, additional
: Balance
record
10.937
preferred A stock, par $25; 37 V2 cents on 6% preferred B
$100, and 9% cents on 6% preferred B and preferred C
Chesapeake &
<
?
$3,940,772
1,255,237
-
$$32,728
•
.
of
$100:
par
and
the year 1939.
Maintenance
4,101
■
stock,
account
on
stockholders
to
A
$839,746
$652,887
$2,291,746
$1,829,644
Earns, per com. share__
$1.30
$0.97 /
$3.41/////'$2.59
•After depreciation,
depletion, Federal income and excess profits
taxes, etc.—-V. 155, p. 188.
-
regular
a
'
i,t
1
issues
preferred
—12 Weeks Ended—
•Net
tCrS.510
/ $$12,474
$2,871,847
1,255,237
income.$164,725
$205,648
to preferred stocks for period
Net
;
23,913
3,300
Vears Ended
47,250
43,929
:.1
Dividends applic.
r
34,648
^ $57,374
interest
in
Income
(credit*-^—
■
41,799
85,600
Amortization
ji
7%
Champion Taper & Fibre Co. (& Subs.)—Earnings—
Operating' revenues
prem.
1211.
p.
dividends
the following
respective
on
Period—
Central Illinois Public Service Co.—Annual Report-
$5,993,040
143,750
bonds
mtge.
and
Amortization
641
'
$5,972,737
"/.
cents
paid
31
the
on
3,228
2,220
Central Hudson Gas & Electric Corp.—-Earnings—
1,110,000
$344,742
348
__:___ "
3,328
Harry
; 105,000
increasing shareholders'
shares), $1,000,000;
(20,000
14,228
837
3,590
$85,561
Operation—Power
income
Gross
Interest
$10,076
14,332
(est.)_
tax
f".V*
110,000
for
par)
(no
stated
at
to $55.12% on the 7%
7% preferred A stock,
par $100, and
$12 on
the 6% preferred B and preferred C stocks, par $25.—V, 150, p. 124.
Ind.;
1,470,005
(net)_i_
$25,809
—.—
inc.
165, p. 821,,
Public
$296,596
<■
revenuesiJ-
Net oper.
161,423
March
on
43%
A
$25;
par
11,963
;
quarterly dividend of $1.25
per share on the $5 preferred stock, payable June
1 to holders of
record May 15.
On March 16, last, the company paid a dividend of
$10 per share in common stock at the rate of one full share of common
for each $10 of such dividends, and also paid a dividend of $12.50 per
share in cash, thus wiping out all accruals on the preferred stock.—'
for
327,606
appropriated
shares
shares),
other
$845,167;.
reserves,
(13,972
7%
on
preferred
1939
$111,713
——'
directors
The
5,861,684
1,536.919
21:
committee.
reserve
I appropriations
✓
7,228,688
172,525
•-
1940
1941
725
295
•Net income
93,896
company
stock, par
stocks, par $25.
during; 1941.
Arrearages as
155,
Federal income tax.
$Loss.
Note—No provision has been made in the above income account for
Federal excess profits tax, since—based solely on the results of opera¬
tions for the quarter, computed in accordance with such tax requirements—no liability therefor is indicated;
Mos.—1942
515,632
surplus
common
$45,275;
par)
$510,735; total, $8,791,704.—V. 155,
accumulations
cents
"'
Gross revenues
246,425
taxes-
1941.-r-V.
$224,219
10,239
from oper._
funded debt
profit
•Before
current
528,236
income
$54,010;
March
-Earnings—
(& Subs.)
interest—-w-i—
income
taxes
'•Federal
of
Act
Revenue
tAdjustment of Federal income tax for
$1,220,693 $16,224,047 $14,742,032
$1,353,782
Operating revenues.—
Oper. expenses, exclud.
the
1942
Period End. Mar. 31—
'
Earnings for Period; Ended Feb. 28
V■;';
1942—Month—1941
1942—12
'
under
required
expense
Net
A
required tinder the Revenue - Act- of 1941;
Ji
profit
and
.
amount
12
of
$723,554
„
of
taxes
Pays Quarterly Preferred Dividend—
'4,7li.
7.128
Federal
for
Central Foundry Co*
on
(credit),
provisions
amounts
Other
64,795:
4J25
.
$1,301,480;
taxes accrued, $120,950;
credits,
(no
.
2,091,143
.
$256,566
Central States Electric Co.^Accumulated Dividends—-
108,054
108,054
,;
deferred
$18,349;
shares—cumulative
1,163
1596.
$6,088,579
^i.BaiancO:;——i $1,657,534, $2,723,763;
i'
the
p.
20,634
$4,558,528
81,432
$90,340
$473;
items,
preferred
9,670
$17,817 for the current
month and $27,513 for the 12 months ended March 31, 1942, additional
to
$338,000
12,734
$54,126
surplus.
i
—
$534,884
tlncludes
"
$152,307 ; $240,078
'PiVs. applicable'to pfet stocks for;the .periods
■
$103,074
42,200
(merchandise
equity,
/•;/
applicable to pref. stocks for the period
Federal
"981
to
=^v
12,360
;
__';
$38,779
$6
V
*
Interest -charges to oon-
;
'/
175 500
199,660
•
receivable—merchandise
accrued
227.500
772
•MVJ i.}£
con¬
Depreciation
$380,301
917-
(net)
-
143,031
Vetruction
49,792
$96,325
accounts,
The
•
'vv debt .4credit)
>
^
Liabilities—Long-term
debt,
$4,638,000;
3'/a%
serial
notes,
due
1, 1942, $100,000; accounts payable, $117,998; consumers' deposits,
refundable, $6,235; notes receivable discounted (merchandise contracts),
$1,067,615
18,958
1,230
charged to
$882,798
227,500
;
Balance
$6,067,945
•
„
110,000
mtge. bonds
.of
'i
40,500
52,511
Aug.
17,918
10,202 ;/?;
$93,036
18,958
interest
Divis.
1,095,000
Xt
,
$285,747
&
45,000
cash,
$199,493; accounts
receivable, $168,413;
contracts, $2,945; notes receivable dis¬
contracts), contra, $2,712; materials and sup¬
plies—at
average
cost,
$94,261;
prepayments—insurance, taxes and
licenses, $26,917; deferred debits, $462,611; total, $8,791,704.-'
«
$1,049,697
r.
$92,841,
195
77
(net)
37,164
$872,596
2,909
u
$58,890
income
Interest
•Net
174,573
income—-,—-—
int.
Other
~$7U170
1
•
contra, $2,712; interest accrued, $30,794;
Gross
Interest
■
on
renewals,
replace- '
retirements-^....-..,
income
counted
425,250
457,500
23,250
39,250
-
Amort, of debt discount
7,216,084
•
Interest
and
notes
limited-
term investments
Interest on
%492,484
647,078
taxes—
retirement
income
5]648
$193,365
-__// $193,837
-—
fund
reserve
Amortization of
<
appropriations/
Gross
$707 521
1,239
y"/;'- 1,320 /'//
//"
/
Balance Sheet, March 31, 1942
::;
Assets—Property, plant and equipment, $7,833,880; investment and
2,332,210
29,880
"{i:
4 4,
,
159,259
income
■■■■■
•
1,203,050
$192,127
•
196,985
64.218
ex¬
.Other taxes"
Other
(net)„
deductions
Balance
$4,807,515
$5,037,418
3 Mos. Ended Mar. 31—
$16,090,958 $14,649,031
$1,236,721
$1,375,740
cluding direct taxes—
operat.
for
ments
Net
$390,033
Net Income
1942—12 Mos.—4941
1942-/Month—1941.
.
revenues
Net
income
$1,910,571
270,181
.,
$192,517
.
Other deductions
260,041
-
Light; Co;-—Earnings—
&
Period End. Jan.' 31-^
serve
operations—^
12 Mos. '42
$462,308
314,945-
1942—12 Mos.—1941
:/eluding direct taxes—.
,
Property
$507,462
expenses—....
from
Provision
Co.—Earnings—-
$467,945
struction-?-^ credit j
added:
He
statement.
WPB
1596.
./;
share/
per
was stated.—
1942—3 Mos.—1941
—;
revenue
income
Income
,
tFederal income taxes—
"This corporation,;
daily contact with the
various agencies of the Government, and the latter were thoroughly
familiar with the corporation's scheduling of steel products at all times,'
In March,
1942, priority shipments of our corporation were 94.8%,
und in April,
1942, to date priority shipments were 99.8%
of our
total' shipments,, most of which represent the requirements of the
Army," Navy, Maritime. Commission and lend-lease customers."—V. 155,
^Federal
operating
Non-operating
(1,882,240
shares),
surplus, $24,336,172;
earned
1942—Month—1941
revenues
Operating expenses,
•
on
Board
the
Carolina
operating
Total
through its officers and employees, had been in
,
share, it
./'
per
Co.—Earnings—
total,
$20,019;
etc.,
value
par
.
Central Arizona Light & Power
complying fully with priority regulations.
In March, 99.6% of the
company's shipments carried priority ratings."
./ ' .:■,//:
H. E. Lewis, President of Jones & Laughlin Steel Corp., said he was
t
they amounted to $27
.v.
Period End. Mar. 31—
machinery
Income
capital surplus, $13,733,577;
$69,571,551.—V.: 155, p. 1118. i,.
total,
Steel Corp., a subsidiary of the United States
Steel Corp., is the largest producer of steel in the United States, with
20 plants and 16 district sales offices.
It turns out more than one-,
quarter of the Nation's steel supply.
The Jones & Laughlin Steel Corp.
is this country's fourth largest steel company.
\ t, ,
n"
J. L. Perry, President of Carnegie-Illinois Steel Corp., issued a state¬
ment in which he says:
"The charge that this corporation diverted
to its private customers large quantities of steel urgently required to
meet the needs of the armed forces is not true. * I The corporation is
p.
635.
p.
Central Ohio Light & Power
reserves,
trade-marks
and
amortization,
$15,-
buildings,
depreciation
$9,411,200;
Carnegie-Illinois
at
the $6 series
on
payable,
are
practices
Production
"surprised"
while
V., 165,
;>
patents,
$32,902,752;
$1;
,
The
Arrearages on the $7 series at Feb. 15 amounted to $31.50
y
the.-
1941.
Liabilities—Notes payable to banks (due 1942), $3,105,000; accounts
$4,746,590; accrued payroll and expenses, $1,889,301; Federal
taxes, $9,349,711; notes payable to banks (due 1943-1944), $3,000,000;
Government—
sought against the continuance of the
the part of the two firms, and decrees
directing them to comply with all lawful regulations and orders of the :
War
for
$69,571,551.
on
charged
are
injunctions
illegal
$26,-
were
profit
Balance Sheet, March 31, 1942
and
priority regulations, in bills of complaint turned over April 20 for
appropriate action to the Department of Justice by the WPB.
The complaints allege that the violations cited resulted in diversion
by the two firms to their private customers of large quantities of
critically needed iron and steel at the expense of the needs of the
armed forces and the Maritime Commission.
•>
Permanent
1942,
net
1673
Board.
/'/Both companies
alleged
31,
The
1941.:
$1,127,002, compared with $2,412,272 in
was
' ' '
$9,466,243;
April 20 announced that the Justice
Department had filed suit in Federal District Court at Wilmington,
Del., and Pittsburgh, Pa.,, seeking to enjoin the corporation and the
Jones &
Laughlin Steel Corp. from violating priorities fixed by the
'Attorney
the
1942
/
^
have announced.
week's pay and
two weeks' pay.—-V. 155, p.-
years,
for
compared
months
Assets—Cash, $4,511,075; notes and accounts receivable, less
■
employees will receive extra
company's 4,000
the
,i.
■
sales
242,108,
three
/■'•'
sales executive, was elected
~~
Jr.; Dr. Tone's son and a
a
board member.
Tone
J.
Net
promoted to Executive Vice-
was
of " operations and was elected a member of the
Vokrodt, Auditor, was named to succeed Mr. Batts
charge
Secretary.
as
a
THE COMMERCIAL & FINANCIAL CHRONICLE
^Number 4067
Volume 155
AMr.1
IXT/vvVp
A
virVitrtVi
r\Tt
iVid
QHavP
VlO
gl?
VlflR
PDHtl*ibllLPu
THE COMMERCIAL
1674
new
approximately $23,000,000 or more toward the cost of the new Subway
the-duration
unanimous
is
extended
from
years
action
of
stock,
receive
to
dividends
entitled, before dividends
the
at
rate
of
$5
New-Advertising
on
the
share
per
per
less
years,
dividends
paid,
take
of
redeemable
at
$100
stock
of
voluntary
involuntary
or
liquidation
Bond
of
>
Chicago
;
New
•
-
The-capitalization of the new company (which does not include any
securities to finance the program of modernization, of the new com¬
shall
pany's transportation system estimated to require, over a period of
eight years, an expenditure of $102,000,000) and the allocation of
its securities is as follows:
//■
/''•!
Amt. allocated
Amt. allocated •..v;
stock
Total
♦First
"
to
982,851 shs.
with
provisions
foregoing
552,901 shs.
354,636 shs.
respect
capitalization
to
all
in
are
to the following:
'
■>'
;
The new company has the right, in lieu of delivering the series A
and series B bonds (or, if delivered, upon, redemption thereof within
respects subject
three years after the effective
holders of or to those entitled
date of the plan),
the
to
first
(a)
to
mortgage
to the,.,
bonds,
pay
series
A
amount,
to
R,
of Exchange
Existing
of Newr ,for- Old
the
modernization
provided
program
1st
for
profit
J
*1942,^^
February,
;/'■ '.'-V;
"
1941.
"
Sheet,
Balance
'
shares
tAll
of
,
,
preferred
and
for
Each
■
the
in
^
,
Cons,
Union
Preferred
Com.
Inc. B
Shares
Shares
Series A
/!/<
Outstdg.
»
$750
notes,
will
the
plan
represented
be
the
for
Each
by
stock
bonds
holders
the
of
stock
participation shares
and
of
Chicago
Railways
Co.
value.
no
Claims
the court, are to
to
priority,
or
Each
amount,
Inc.,
5%
Bonds,
series,
in
which
of
1st
will
30
.'V
'
-
lien
court
approval),
rolling
all cash funds,
mortgage on
a
stock,
other
equipment
earnings and
Each
interest
and
A
series
bonds;
will
bonds,
of
provided
and
applied
for
additional
the
of
series
the
bonds
(other
&
accrued
claim
institution
of
than
series
B
series A
ings,
of
bonds;
with
certain
default
certain
failure
upon
contingencies;
make
to
requisite
and
under,
except
Securities—
bonds
5%
foreclosure
Union
will
ments
new
the
on
thereafter,
years
bear interest
in full of interest and
A bonds, payable to
the
series
at
rate of 5%
sinking
fund
extent
net
!
bonds
new
issued
to
holders
the
»
Commercial
Operating
General
•
1st Mtge. 5s,
lst Mtge,
Preferred
Series A
Inc. B
Shares
Outstdg.
-
v
Ry.
$836,440
29,655.60
7.80 shs.
407,000
Chic.
:
7.80 shs.
$220
7.386 shs.
in
ment
interest
(a)
full
of
accumulated
all
ings,
the
on
exceeding
$200
cipal
of
series
to
of
event
shall be
series
on
of
bonds,
B
new
company,
earned
bonds,
and
and
(c)
unpaid in
to
S.
$220
7.80 shs.
9,999,806
current
(b)
series
the
to
and
Interest
;
1,499,970
84,998.36
60,654.90
Rap.
$150
8.50 shs.
6.06 shs.
earn¬
/
664,800
4,432,000
37,672 27,116.475
8.50 shs/
$150
amount not
an
Series
shall
(even
B
not
constitute
however,
earned
years
accumulations
shall not exceed $200
interest
standing.
such
Series
bonds
B
of
unpaid
per $1,000 of series
redeemable
are
earned
in
their
or
Adjust,
entirety
for
B
whole
stock
198,629J
Common
or
accrued
First
interest at not
be
in
substantially
first
mortgage
interest
is
Mortgage
of 5%
excess
be
to
per
less favorable to
5%
bonds,
paid
Bonds—If
series
in
A,
new
and
!'
-
.
The
A
directors
the
on
like
amount
-
declared a dividend of 50 cents per share
payable May 26 to holders of ^record May 8.
paid on Feb. 25, 1942.
Compare V. 155, p. 398.
bonds
shall
bear
than
the initial
issue
those of
was
Cincinnati
Street
thereof
Net
income
after
.
taxes,
March,
March,
;
1942,
1941.—V.
155,
V" ':
,
:
p.
J942 J
,
./
.
•
optional
as
series
A
and
B
bonds
shall
the optional first mortgage bonds,
bear
interest
at
the
same
rate
but in any event at not less than.
4%, payable, however, only to the extent the
income
net
of
the
new
company shall
suffice, and the optional second mortgage bonds, series
shall have the same relative priority and rights over the optional/.,
second mortgage bonds,
series B, as the first mortgage 5%
bonds, ,
series A, have
over
the first mortgage 5%
income bonds, series B,
the
that there
amount
shall
required
to
be
deducted
be
used
from
for
1,978, compared
was
with -.$31,248
.
first mortgage bonds.
The remaining
be determined by the board of directors
and, if reorgan-.
proceedings are still pending, approved by the court.
Capital Stock—All shares of preferred and common stock are to be
shall
five
trustees
under
a
of
participation certificates to
The original trustees and their
manner
as
terminate
shall
three
be
trust
the
agreement providing for
security
successors
holders
shall
approved by the court.
after the ordinance
years
Hanrahan,
have
to
company
City
the
of
Cleveland,
The
has
be
entitled
designated
issuance
thereto.
in such,
shall
trust agreement
been
accepted
by
the
company
upon
Purchase
meeting
Negotiations—At
these
immediate
purchase
purchase.
Early
;-
to ..authorize
of
It
will
be .inecessary ^tp^!;!
the
City. i&
dissolution
>
of
now
negotiations
purchase
share.
a
holders
of
surplus
of
the
in
favor
property.
of
9,065
13,933,967
13,152,367
-
8,543
3,835,795
———_—-
3,843,567
than
the
x
.
p. 305.
1^** ' • '
$53,748,818 $48,796,801-
:v;
■
-
V
J
)V'.
^
|* <
•
"
"
'> r
: v
i
,-V'^- v/C/"-- >/v"**!-^';'
Jackson,
'• '*!/> '!.
■!!.""."
who joined
Sales- Manager.
has
-
•:
,
•;
.
.
209,296
The
,
Electric Corp.—To Reduce Debs.—
&
corporation has filed an application
$9,477,000 of its available cash to
23-year "debentures
w
consummation of the
the, v-v-l-V'•15'i
v•
?A/
with the SEC for authorityw/r.-vreduction of its outstanding w' . /
asking for tenders of its-25-year
not in excess of 102. /- An annual
/
•
d
at f prices
$463,350' in annual interest would be effected.
proposed-transaction, the application explains.
-
r:"lv- :• j
«22- •'•' *'
v
4?v.A,.!;-'-l::>a.
Commonwealth Edison Co.—Weekly
■!!!,;. Electricity
Output^
output of the Common wealth
excluding sales to other
*/1942i
toward
showed a
.
give-to the shareholders
were
held,, and
on
Nov.
,.
22-
voted far the sale.-The directors subsequently set $30 per share as thc-fair.value of.,
the stock of holders who did not wish to accept the City's-. ..offee.-,As <
this is written, withdrawals have reduced the number/ of dissenting
shares to 2,635, and 535 shares have been retired.
/ !.
./
/ ':
•>.
•
!
required
.Columbia Gas
Edison, group of companies,)//"-:'
.electric.utilities, for. the week: ended April , 18/
5.7%-increase over the corresponding period of 1941.; ,-y"'!.;/ -A*. Following are the- kilowatt-hour : output totals of the past four weeks
7,r!
ordinance- offering- to pur- / / and percentage comparisons..with,.last;year:
negotiations looking
Meetings of the shareholders
more
'
saving of not less than
u
July, City Council passed an
property for an amount which will
$45
615,740
7,749
v
10,000
J___—
155,
,
and
the
the
in
the
1,571,787
676,964
!
i—I_,_L—
reserve
to apply
the
-
chase
_———
debentures/--<It proposes, to do this-by
and
'
inclusion
the conclusion
<■
Report^-'^V'^r^J/'/v; 77
1,; said
heretofore
the
ummate
to ••.' consummate
shareholders
a
2,353,026
—
after close of year.
the company ^in September, -1940, as
been elected Vice-President in charge ofv,
sales-and advertising.Try.-155, p. <1307-. *» *• ^
t"
y*<
v.t/.jt,
in' partr-.-.v-v;
^a
authorized the sale of. the prop¬
April
terminate
payments,
on
theprovisions of these/
payments
ization
issued to
the
endeavoring
hold
R.
A
"
General
in-
sinking fund
optional
bonds
of
due———
payable
1,212,659
289,206
532,710.
915. V...
fund
the
sinking
but. not
1,119,778
312,495
1,204,689
.
:
72,756
72,756
—
reserves
R;-Arnold
$0.13'
sale.
:.-,u «•'-!:•
'(•«••
V:
beginning of the year 1941,; repre-*
sentatives of the company were negotiating with the City a franchise
proposal which contained, as one of its features, provisions, for ,grad- ual acquisition of the property
by the City. City Council/voted to *
A,
except
F.
shareholders
The
erty
stock
to trustee of pension fund-and customers' deposits—:
payable and other current liabilities.
President-^$61,590
.',! $0.39
Cleveland Ry. Co.—Annual
President
/
'.Coca Cola Bottling Co; of New York, Inc.—New Vice-*
,1941
$184,908:
—
share—_1_—
income
net
*
1
.
!
.
1941
;
'1940
$30,221,600 $27,488,400-
billing
Total
c
5%
bonds, series A.
Other provisions of the optional first mortgage
bonds, including the sale price at not less than par, shall be determined
by the board of directors and, if the reorganization proceedings are
pending, approved by the court.
Optional Second Mortgage Income Bonds, Series A and B—If issued,
—
credits
'v/**'
depreciation, Federal
etc.
Earnings per common
mortgage:'
.'
interest,
may.
be in.excess of $39,860,320 only if the
proceeds are used to carry out
the modernization program. Thereafter, additional first
mortgage bonds
shall be issued only upon compliance with conditions for the issuance
of additional series under the indenture
securing the first
capital
Unappropriated
Ry.—Earnings—
3 Mos. End. Mar. 31—
the
782,433
52,948
stock,
the terms thereof shall not
company
767,756
740,908
65,363
'
:
declared,
—V.
these
on
accrued
Other
',/
-
,10.990
;
_
!
and supplies—
charges
-!_—__
Depreciation
April 23
on
capital
-
10,865
-
cash
Dividend
'
1940
--1,335,068.;;- :>\937,881
—
sold
Taxes
'v
:
-
1941
}nvestments^-_-r--^-ii $48,306,156 $46,244,795
;
$53,748,818 S48J96.801*
Accounts
155, p. 1597, 1504, 1405.
''/;7;!'"'"- >'■
'v'/ '
other
Deferred
hands of public.—V.
$256,056
—
Advance
cash).
issued,
annum,
the
participation provided-
■
three
$9,081
Sheet Dec. 31
Balance
Liabilities—
19.34 shs.
Chile Copper Co.—Dividend of 50 Cents—
of 50% of the principal in cash and 50% in
mortgage income bonds, series B, and at all times in
in part upon payment of the principal in cash (in all such
Optional
.
Notes
No
.,2,473,956
—
Total!
.
6.84 shs.
1,500,000 f
♦In
un-'
optional second
instances,
18,561,8001
4,995,8001
A
2,596,950
^
—
,
Deferred
20.10 shs.^
Premium
debs.—
stk.
52,196'
47,316
——
Common stock
ser.
payment
upon
54,948.46 155,394.81
6.84 shs.
'&■ $100
ser.
bonds out¬
B
803,340
8,033,400
Pref.
though unearned),and
6s_
$1,000-
Pref. stk.
an
14,130
$2,782,208
investments——2,402,400
receivable
888,059
Material
70,562.80 207,440.94
Transit Co.;
shall accumulate and be payable before dividends of any class of
stock,
provided,
1,031,620
$100
Tr.
A,
charges
•-Working "funds" --r-i!_—
6.118 shs.
Chic. Rapid
series A bonds and the prin¬
(a) and (b) above.
bonds
on
33,077-,
117,835
$2,653,346
'■! stock
balance
Accounts
10,316,200
$1,000_ I
Rap.
common
on
Temporary
—,
ser.
fixed
Assets— :
Tr.
Each
extent
for
Total plaht- ^hd
Cash:
ref.
Chic.
A
$2,763,262:
$2,750,917
income————
deductions
Income
7.51shs.v-,
El.
$4l!o6o:
Each
51,000
1,044,884,:
20,264
from
Comparative Consolidated
—
S.
6V2S
;•/.
842,094*-
,
1,045,891
73,624.20 70,955.445
El.
Tr. 1st
pay¬
subdivisions
and, to the extent not paid
default,
and
after
principal, such interest shall be ratably
subject
interest
A
only
prior lien upon all cash funds and
of the
interest and principal on
pay
paid
accumulated interest
B bonds is
$1,000
per
bonds
payments
income
series
secured with the
Failure
fund
first and
a
and
revenue
B
and
current
sinking
bonds shall have
interest
series
on
30,530
$4,701,240
520,052
————
Income—-
available
Dividends*
2,076,580
'
except
.
938,059'
1,147,990
jtaxes.
587,451;
r
$5,464,850
revenues—
„
!taxes__—
deductions
Income
3,006.125,
3,174.60
9,439,000
$1,000-
Each'
of
89,540
•/
$1,000-
require¬
suffice.
Series B bonds will be in all respects
by the lien of the indenture securing series A bonds,
1,308,008 !
;/
966,330
expenses————
Other, income'/—:
El.
1st 4s
W.
1.937,591;;
1.605,666
588,892
—
profits
Net ,operating
7.452 shs.
$1,000-
Each
excess
Miscel.
1st 5s
Met.
1,968,548,.
1,628,669.
1,268,580.
;
1st
Each
W.
!_——
----i1-
32,510
income
28,332.30
$220
3,802,000
A—---
Each
'.*!
—-
Nqt1 operating
,
8,522
revenues^—JL.J—L_——— $11,918,380 $11,108,545!
miscellaneous
Federal
'
$11,117,067
5,101
revenues—l
expenses.
Federal,
Com.
Shares
/
466,116
$11,923,481
—
> :
1,077,505.
501,570
State, local and social security taxes——_—-
—
5s,
Met.
————I—
rents
and
1940
$9,573,447
1,218,045
/
imaintenance
Traffic! expe.nses
1941
■
$10,203,866
—
Depreciation - jexpehse;'___!—
Consol.
Northwest.
shall
secured
the
/
reduction
1597.
Co.)
.
operating
operating
Current
consideration
on
$1,000-
El.
per
income
accrue
on
capital
p.
1st
mtge 5s
Each
Series B—To be issued under the
payment
company
ratably
30
mature
after
annum
Elev.
Union
indenture described above and limited in principal amount to $7,002,290.
Series B bonds will be dated not later than effective date of the plan,;,
and
into
'
'
upon
conditions stated, the
the indenture and the modification
Income Bonds,
securities has- taken
Citizens "Telephone
——
.
Total
Transit Co.:
of the indenture and the bond issued there¬
principal amount, rate of interest and maturity.
to
as
15.31 shs;/
participation provided———
participation provided-
No
commences
Chicago Rapid
vote)
First Mortgage
interest
date
/
permit,
will
No
to
$1,411,469;
T
revenues
Uncollectible
315,579
,
thereof, if not paid by the receivers, is to be paid by the new company,^.
-Will ReceiveExisting
limit the declaration of an event
sinking fund payments except upon
release of property from the lien of
(upon
the
will
exceptions;
v
—11.35 shs.
interest
.
•
interest
revenues-!--—
service
Total
233,991
20,616,000
and
dlvl-'
$74,027; unpaid undeclared divi-> '
fund deficit after provision.,'
reserve,
$6,594,102),
revenues-.--!
service
Miscellaneous
part. shs. 150,000 shs.
of
(Including
650
interest
dividends
Calendar Years—..
junior securities. The plan .
provides that interest on the first mortgage bonds of Chicago Rys. Co.,-".
Chicago City Ry. Co., and Calumet & South Chicago Ry,\Co.,. up to -
.'
unpaid
13.498
1.5 shs.
3,332,550
part. shs. 250,000 shs.
insurance
Cincinnati & Suburban Bell Telephone Co.—Earnings'
$1,000.
accrued
the payment of dividends except out of net earn-»
and
for
Toll
5s_
$1,006;
v
dends—($8,005,572 or 25V2%—less
Rys. Coll. Trust:
fund
notes receivable—;
advances to uncon-;-. d
bank,
$12,061;
closed
'
receivable,
interest
operating
$882,277;
reserve,
Local
3,332,550
and
against
sinking fund, $1,128,125; total, $40,825,375.—V. 155,
8,774
/
—
creditors
$115,000;
-
.975 sh.
Com.
both series v
proceedings
prior to expiration of three years from date of default in payment of
interest except upon instruction of holders of 51% of the outstanding
in
/;
^
bond
850
•/
Pref.
of
use
plan),
on
sinking fund providing for annual pay¬
purchase and redemption of series A
renewal and depreciation funds, the
a
the
to
the
restrict
issuance
fund for the payment of interest
reserve
B
be
to
ments
participation provided
8,999 shs.
5s—
$650
Each
on
porary
it
unredeemed
tickets and passes—estimated,
$126,658; >'
capital reduction sinking fund trustees, $21,673; accrued taxes
interest, $1,647,826; maintenance, depreciation and renewal £"■
to
and
Chic. City & Conn.
//
Sink,
and
all after-acquired property,
on
'
1941
31,
Dec.
$35,210;
due
27,644,550
27,644,550
Note—The above allocation of
subject to liens existing or created
acquisition.
All such liens and mortgages are to be subject to the
provisions of the ordinance.
The indenture will create a special tem¬
a
No
$850
1st mtge.
and
revenues;
331,059
1.874 shs. 19.549 shs.
______
Chicago:
.
years
with
franchises:
•..
ables,
Calumet & So.
thereafter, bear interest at the fixed rate of;'
5% per annum, and will be redeemable (a) in their entirety for three
years upon payment
of 50%- of the principal in cash and 50% in/
optional second mortgage income bonds, and (b) in their entirety or
in part at all times upon payment of the principal in cash.
Series A '
bonds will have a first lien on all fixed property (except such as may>
excluded
mtge. 5s___
Each
♦Capital stock.
of effective date of plan,
as
$52,382' in
/'V'V1
fund 5%
bonds, series A, maturing 1945, $3,556,000; trade ■'%
payable, $200,432; salaries and wages, $347,276; sundry pay-> ;
accounts
Chic. City Ry.:
Series A—To be issued under open-end
the series A bonds will be limited to
Series A bonds will be dated
be
1,000 shs.
court it has
security holders
assumed by the new company.
$72,718,350.
$72,321, \against
$37,264;' investment
subsidiary^-$63,426;
accounts
sinking
-
;> 47,630
v,
19,846
>//////.////f 12-shs//;*!5 shs.
No participation provided——-7-
2,379~136
of
Description of Securities of the New Company
First'Mortgage
mature
3,969~155
$1,000_
Capital stock-
/
v
.
5s
inc. bonds
Adj.
be determined by-
shall
as
$1,000mon.
31,735
______
Each share-
Brief
indenture,
entitled
be paid in cash
16,934,405
B.
Each
preferred
participation shares of Chicago City
and common
Railways Collateral Trust.
By order
been determined that the equity and interests of these
Connecting
have
the
for
or
7 shs.
mortgage
Purch.
Chicago Rapid Transit Co. or for the adjustment income/
of
capital
or
<
'"'$116,431^$
/.•ti'/.v$0'.37): '
$0.49
Liabilities—Common stock (par $100)331,394,400; 10-year 1st mtge.
109,876
19.50 shs.
$1,000_
Cons,
adjustment debentures, general claims, prior preferred stock and com-v
mon
•»-tyfl ■'*
receivable—estimated, $29,750; water meter and special de-'
posits,
$6,029;
sinking fund deposit,
$127,285;
unadjusted
debits, $1,709,615; deferred charges, $316,405; capital reduction sinking fund, *
$1,128,125; total, $40,825,375.
"
^
306,083
15,696,000
A—_—
5s,
in
.
dends
750
-
principal
Properties,
solidated
mortgage
5s,
;
stock
common
v
.
claims—at
Securities
.
gage bonds.
$616,621
including payment of i y2% of gross to capital reduc-!
tion sinking fund.: ']
5s-__ $41,741,250 $41,741,250
mtge.
ordinance, the new company may issue and sell its optional first mort¬
participation certificates.
No
participation is provided
4
share of common 8tock_Cii_;iiJi-iL:..<;
per
,
the
out
$1,012,449 V
209,570 ;
26,129
...
Illinois
1st Mtge.
1st Mtge. 5s,
Securities—
Chicago Rys.:
.
carry
*$852,320
*
218,262
Cr35,489
v
♦After charges,
■-e-'-/.V-=V:- Will-Receive
pay
to
$1,195,223
234,795
Cr43,443
reserve—
*
''.-.V-"'.. '""'/V Z"*/'/
Table
mortgage
principal
funds
$887,041
^
fund_y__
$695,689
&
«■-
in
to the holders of or to those entitled to receive the first
bonds, series B, $3,501,145 in cash and issue $3,501,145 in
amount of its optional second mortgage income bonds,
series B.
■•/.■;.■'
; :-V
To obtain cash for this purpose and for the purpose of obtaining :
(b)
from
consents
sinking
J'i}Earnings for Two Months Ended Feb., 28:
February,
-,
r
cash and issue and deliver $36,359,175 in principal
of its optional second mortgage income. bonds, series A, and
$36,359/175
requisite
197,240
i.: (Prepaid
in conformity with the franchise granted by the City of.
Commission to the acquisition of the properties by the new ;
/./
Cleveland and subject to option rights and other privileges of •
and obtaining of such orders as will permit the new company
;
the city as set forth in such franchise.)
i/ ';/
to earn a fair return upon the property to be owned by it and used
d'r Assets—Road
and ; equipment, " $29,902,298;
franchises,
$888,328;
and useful for local transportation purposes, and, in the opinion of/
cash &
note
receivable deposited
with mortgage trustee—for prop-?
the court, will provide the new
company with sufficient revenue to
erty sold," $276,610;'cash and demand deposits, $3,330,096; time cer-r make the plan feasible.
The plan further provides that as a condition T
tificates
of
deposit, - $1,200,000;
U.
S.
Treasury
notes—tax
series,* to consummation, there will be a linding by the court that the new •'
$852,600; accounts receivable,»$28,468; inventories of materials and:
company has sufficient funds to
begin carrying out the program of
supplies, . $582,512;- account
receivable
arising
in
connection
with*
modernization and has a reasonable prospect for procuring the addi- ■.
grade elimination, .less unadjusted credits for overhead expenses in-,
tional funds necessary to complete such
a
program.
The-plan also
eluded in billings, $218,496; U. S. Government bonds deposited with.
contains provisions for the payment of all reorganization-expenses and
State of Ohio as guarantee for payment of workmen's compensation
re¬
for the modification of the plan.
$7,002,290
789,858 shs.
628,214 shs.
1,342,759 shs.'
tNeyr preferred stock—
♦The
the
"
company
7,002,290
B
tNew common stock—
-
obtaining
184,091'
fL'itffM-vV*?' Z-S-W-.'f'A
Net
j
2.312,628'
1,424,069/4
1,110,765 V
209,489
j
profit^-*-$154,902
contains provisions for its confirmation by the
for its execution, which includes as a condition
plan
means
1,146,485
Common-
Commerce
$72,718,350
$72,718,350
■
series
bonds,
the
and
consummation
'
;•
1,522,061
Balance
Earnings
Common
,
2,355,341
1,448,704
_____—:___———_
M.. D.
to
'■!'-if"
7,500,000 shares of common stock
shares shall be issued and an';
preferred stock.
2,565,270
discount
t
j->
.*1939%
>•
Cr85,358
reduction
V/V/'-v
1,342,759
for conversion of
'
General—The
to
•First mtge. 5% income
.
which
of
amort,
&
privi-
,• -
'-'
/
i
to
outside:.-
$14,550,838 $14,010,221!
8,219,846
8,100,960
interest
Net income
:
,
ir.
1940
1
9,016,362
renewal expense."
removal expense-
&
interest
Capital
value of not exceeding $1 per share, or may be/
stock shall be entitled to one vote per
par
a
value.
par
~
court
Rap. Transit
security holders security holders
bonds,
,(ntge. 5%
series* A
to Surface Lines
amount
have
may
share.
.
Name of security—
Stock—Not exceeding
authorized, of
without
•
■
Common
be
adequate amount reserved
y-,
1941-
deprec. &
Transfer
,
and
1,557,558
Other
/
formed
was
these .advertising
years,
'
>•
distribution shall be made to holders of common stock, the
preferred shall be entitled to receive $100 per share (if such amount is &
permitted under the Business Corporation Act of * Illinois); plus an ^
arqount equal to all accumulated dividends.
In any event the prefer¬
ential right on liquidation or dissolution shall be $100, or the
largest
amount under $100 permitted under the Business
Corporation Act of /■
Illinois, plus accumulated dividends.
subsidiary-.corpo-
a
the,.inside
•
expenses "L—
retired
Prop,
before any
..
Amended Reorganization Plan, dated ^\pril 3, 1942,
Rapid Transit Co. and Union Consol. Elevated Ry.
Summary of
many
year,
Cleveland;:
on
revenue-$15,659,025
Maint.,
dissolution, /
or
/ ;/
Taxes
'
,
.
leased.
Operating
shall-'be ''
share plus dividends, and shall be convertible
the basis of six shares of common for each share
on
On
Preferred
Advertising,-. Qo.-. of
advertising space,
vehicles.,'. For
company's
were
Total
annum,
however,1 that* cumulations
share.
per
the
*
sale ,of
.
Calendar Years—
common ;
per
into common stock
preferred.
provided,
the
over.,
leges
during the first three
the rate of $5 per share--'
thereafter at
and
per annum, less dividends paid,
shall cease when
equal to $20
Subsidiary—rDuring..the.
ration, /The- Railway
cumulative at the rate of $3 per share per annum
whose jurisdiction the various subject companies
effective legal steps to bring about an early
transportation problems.
Within the last
two or three weeks he has arranged for the City of Chicago
to place
the necessary referendum before voters,
at a Judicial election being
held on June 1, for the purpose of making the unification ordinance
as
passed, legal.
He has taken steps to complete the Illinois Public
Utilities Commission
process,
has called together the various bond¬
holders protective committees and others representing security holders,
obtaining acceptance to the entire plan as tentatively ratified by his
court by some, and placing time limits for the acceptance on the part
of other security holders.
<•,;/
! •
Monday, April 27, 1942
the trustees,(unless;
by the
the date of
be without par value, shall be
operate has recently taken
settlement of the Chicago
.
the trust
longer than ten
Igoe under
Judge
by
sooner
or
of
trustees for a-period not>the -trust:agreement):New Preferred-Stock—Not exceeding 1,000,000 shares shall be author¬
ized, of which the plan provides for the issuance of .982,850 shares. 1
The stock may have a par value not exceeding $100 per share, or
may;
of the U. S. District Court
at
Chicago of their approval of the unification and reorganization
plans and the distribution of the new company's securities, as recently
ratified by the Court.
Because of their financial interest they are
pressing for immediate action towards the earliest possible consum- ;
mation of these plans as the subway will be without a tenant to operate
it unless the plans are completed.
- "
' *•'
•
■
- "
System have notified Judge Michael L. Igoe
'
company,
.
LAICNANIF„■&
CHRONICLE
shares
-
%■/'/'4-.;v.v-•//'■-, Kilowatt-Hour Output ■;■■■'/■:
' * 1941
% Increase
April ■ 18
-z-l—
__150.711.000
142.597.000 - \ -» 5.7 -; •"
April:
ll""
—_154.937.Q00; 140.937,000
9 9
April
'
j-'...^154,097.000 . 147,953,000 ■ .,,-42
- '
March
155,653,000
144,923,000 ! ; . , ',7.4 /
—V. 155, p. 1597.
.= '-//U!./,
\.
Week
'
,,
Ended—-./K'1942 /
/,
,
,
....
.
/
„
..
;.
-'!,
.
'
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4067
'
;
Commonwealth
Southern
&
The
kilowatt-hour
of
output
stock" (par $1)_„
debt
Accounts
Main
Inc.—Earnings—
Publications,
;
.
and
Mos. End. Mar. 31—
•Net
profit
Earnings
—.i'—'
—
per share on 327,142 common
•After provision of $114,804
extension deposits
surplus
Paid-in
.-
■
.
Consolidated Balance
$886,027
.
.x—
x
(refundable)
Treasury tax notes
734
estate
held
Patents
$16,107,450
Connecticut Light & Power Co.—Income Statement
-
Calendar Years-—*;
Operating,
!
A
*
revenues
—
___
Operation'Maintenance —.—J.
Provision for depreciation—,—_—...
Provision
for
Federal
>■
taxes---Federal
,' .1941
no
^
1,267,815
income—4^,^
made
dividend
a
this
on
issue
March
on
5,
1940;
1942,'amounted to $12.75
1,596,117
-.
•^c. Utility.^opef
11941
^341,500^ ^343,113
Cost., of
■>.-
Depreciation
-
•ft. less premium
^
charged
>)'/,V
-
Cr29,406
to, constructioniiZ-——
Other deductions
13,382
—n
-■ ■
■
'■
■
'I.
-.-/-
3|i--//
.
Cash
dividends—preferred
stock__'J-Ji_^-——i-
Common^dividends-—
Earned ..per v;common 6hare___u_uii—i—
•Certain
!
item in
1940
reclassified,'
1
'
'
Assets
'..'i
Utility' plant
1
:2
-
Investment and fund accounts—llJ—wi
Cash
.
'
Special deposits
Working funds
Notes
and
in
receivable
:x—
progress-i—
—
55,710
4,012
:_i—
21,649
:
$73,360
$72,684
$194,644
$220,897
375,000
375,000
$0.20
388,568
$0.19
392,168
$0.50
392,168
$0.56
liability incurred for
excess
'
and
$8,857
Cash
Inventories x-—xx^XxxxX——x_xx—x
Mortgages,
investments,
U. S. and municipal
etc.
(less
ftft0ftfty"-
,,
'
cumulative' preferred stock
stock il,148^26.shares; ha'pari
5Vfc%
'
-
*
.
Deferred
on
Long-term debt
;|
46,217,240
lx-__J-x——„——
—
77,817
Notes, payable" ——x——x_——ft ft.
1,000,000
Accounts; payable
—■
785,593
% Payables..to subsidiary companiesl-.xIx.i:x_x->;-l^'i_:r-:-:!.^
Matured;Interest; and dividends declare'di-r:—t—i—_x_>
H 872,432
Customers'.:'deposits
247,692
'■/>-Taxes-aad -interest acCruedl:_tS.^xlx2i—i
3,036,370
Other mirrent and accrued liabilities--_____
r
: 140,940
Notes
$5,989,146
Deferred credits J—„x_—^
Reserve for depreciation of utility plant—
-
Injuries
and
damages
Contributions
aid
in
reserve
of
•
-
.
Preferred
120,149
—
construction———J-X—_x.—
3479,194
,
152,750
-V.
155,
dividend
.$122,018,966
Consolidated Gement Corp;—Earnings
.3 Mos, End. Mar.
,
6,537
xZ——
31—>'"
.1
'
.
^
4After
March
1942
^
Gross sales, less discounts and allowances.
Cost of goods sold/ including freight on shipm'ts
Gross
«
general and
on
administrative
15-year first mtge. 6%
1941
$522,977
'v-274,470
■'
$163,777?
-
110,835
expenses-
bonds-
Interest
Bond
18.258
15-year 6%.
on
discount
and
tLOSS
.
348,600
income
cum.
notes—
1,858
1—x___—
expense
2,359
.
income
Net profit before proy,, |pr( Fp<Jy Jh.CQme taxes
,
•Including Expenses
miscellaneous
applicable
income),
$29,011
t$8,490
125,875
$6,116,966.
-
non-operating periods, etc. - (less
retirement -of fixed assets; obsolescence,
ton
been made for proposed assessments of addi¬
prior years aggregating approximately $55,-
Corp.-—Mexican
fornia
of
the
"Commercial
and
Financial
Chronicle,"
x
for
reserve
1943
to
months
March
31,
ended
March
31,
1942, $46,362.—V.
1941,
155, p.
$450,135
charges and U. S. normal income taxes.
been .made- for. excess prof its taxes.
tLoss.
$43,083;'-three
months
Note—Interest:
ended
The
plants
its
of
600,000
kwh.,
week of
1941,
compared
with
140,100,000
an increase of 2.5%.—V.
bonded indebtedness has
kwh.
for
the
the/ coupons pf/said bonds,
:'/"
;/'■■•
ending
•Net income
corresponding
*After
-
p,
been
Consolidated Gas Utilities Corp.—Annual ReportIncome
Account
Years
Ended
a
Operatirtg
Other
Oct.
has
the
report states.
Profit
from
U.
S.
normal
income
1940
$1,080
—-
and
$2,357,576
30,418
xx
——
Total
Operating
Baltimore
$2,387,993
1,205,468
'1,095,789
360,036
350,210
Balance
,
Continental
Gross
—
^
income
Interest
—'
of funded
debt-expense^.
Tv
Miscellaneous deduction? V-x-.xT-x-—
corporate, income—
'
•
Assets—..
:
?
Cash
,.V
in
-
assets
Deferred
•
Total
and
:
Prov;
15,702
w
.
.?
■•
7,437,
3,071>^'t>^5.925
>
.,
; 4,3812,655
$398,109
"iZ'v
y"
Loss
-
ft--
supplies—_£x_?t_Zx--£
•
:
■- —
^vt;
;'/ i
:■.•
on
"
.,
1939
$2,803,362
$9,037,076
$4,397,154
$3,559,007
$3,064,810
1,900,171
822,469
expense
or
Provision
13,507
19,696
$2,181,910
70,833
$1,569,625
76,576
$560,145
$531,907
$2,252,743
12,000
13,500
$1,646,201
/
54,750
2,545
'
628"
.
48,750
2,266'
dis¬
375,733 j
*4,050,000
Cr18
3,439
42,875
569
154,550
159,775
644,775
460,875
__X_xX_X.
for
Federal
income
for
tax--
686,452
;Z£v?3;'h
375,000
__
—li'
J
"375,000
375,000
$2,361,538
$2,003,358
430,041
430,042
$2,151,344
$2,496,984
1,897,500
1,897,500 // 1,897,500
$169,442
$33,997 def$324,184
$0.68
(1%%)-
430,041
1,897,500
def$176,197
divs.
$0.82
;
•
430,041
ft;
$25)
(par
profits
normal
tax? based
income
Note—These
on
tax. at
results
recommendation
45%
of
$0.62
Treasury Depart¬
■
subject
are
ft}) 'ftft
$0.76
to
adjustment
year when accounts are. finally audited.—V.
at
the
end
the
of
155, p. 1507.
Corrugated Paper Box., Ltd.—Accumulated Dividend
directors have declared
The
holders
of
last.
2.
the
record
a dividend of $1.75 per share on account
cumulative preferred stock, payable June 1
7%
May
15.
I,
A
similar
in
Payments
Sept. 2, $1.75, and Dec.
1941
were
$3.50.—V.
distribution
was
June
follows:
as
made
1,
on
$3.50;
155, p. 501.
Cosden Petroleum
Co.—Earnings—
'
income,?
:
1942
1941
$448,245
X
t$46,335
Nil
■
t
$0.79
_•
tLoss.—V.
Croft Brewing:
154,
p.
1262.
:■
Co.—Earnings—
/;;//////,///1./:'///// :
/.
://-'
.:•."/'■■•
/
...
152, p.
charges—
825.
:YearEnd.
9 Mos. End.
Sept. 30, '41 Sept. 30, '40
$1,739,235
$1,175,638
338,425
91,258
Period—
—
(The)
Crosley
Corp.—Conversion
of Facilities-^.
Expanded and expanding plant facilities of this corporation are'being
the limit to handle the tremendous volume of war produc¬
tion that has been assigned to it, Powel Crosley Jr., President,
told
stockholders at their annual meeting.
ft
"While 1941 was the best year in the company's history, by a margin
of over $6,000,000
in sales volume, we confidently expect that our
1942 business will more than double that of 1941," Mr. Crosley said.
"One Government
radio order on which we are now working-will
amount to several times as much as all of our radio business for an
of 19411" ?
^ ft ft'l; ft. ftft
/■/'■'•
Sales increased more than $10,000,000 in 1941, from $16,915,000 in
1940 to $27,171,000 in 1941, and the company had a net profit, after
all charges and taxes, of $1,493,134.
Taxes paid by the corporation
in 1941, including excise and profits taxes,
amounted to more than
strained to
,
14,057
50
Al-
Co.
-
143,895
$512,211
558
261,448
$2 000 000,
company's
Federal
Mr. Crosley
earnings in
said, and he added that a large part of the
1942 will be turned back to the Government
.
''ft 199,051
J 2,454
^"Sx—1
*"i?fk?'T
?x_-?.x-v
Superior
on
normal
/•
•
176,833
103,945
X—Xx-.x-xIlxXx--.xX-X $16,107,450
excess
profits tax__-„
94,500
44,900
299,600
95,000
>-
Treas/.Dept. tax proposal of Mar. 3, 1942
Approp.
/•/'.
price
for
taxes.
138,000
x——
Balance$169,337
$313,122
$1,081,889
C.
Cosgrove,
Vice-President
and General Manager,
$880,405
said,
assigned to us by the Govern¬
ment is being sub-contracted to smaller companies, and the company's
management
and general supervision are being utilized with these
smaller companies for
more
than one-half of the total volume of
large portion of the total business
129,150
129,150
inventory.
decline
in
Raymond
Prov. for increase under
X
?__Z_xXX»XXX—?
y
51676
128^274
' '• /-; V
debentures
deb.
sales
on
Provision
842 662
*
17,104,888
1,502,992
492,030
135,451
xixx—x-"
v"- * ft
income
of
lotment
xXx';
1940
$3,309,593
249,414
dividends
•Excess
ment
—V.
$546,638
oper
■
mantlements of prOps.
Loss,
receivable(net>_X_'
-Xl_xxx_X.lX_'-.'xx—.x_X—X'
of employees———?——
Z3—~—I-ZZ ZIZ
?■■
.'
-
Amort,
$262,221
—X—x_—j^IxZ—Z—x—3—-ZIIIx
and on hand
xi—xxxl'x
charges
;•? '■• ■? ■' ' .'■•■
t
'Interest ?
i
i^XX-x—
from
Total
•
Balancd Sheet-irQct. 81,11941
xxXX;
for;' jdepreciation_X
Profit
/Other /income
~ix'X—
1941
422,909
Earnings per share on
2,530,000 shares com.
$20,669,534
400,213
155,
1942—12 Mos.—1941
21,500,801
1,616,526
492,323
5,051,531
383,777
three
the
*2,085,000)
inc.)
income
Common
Sales
$6,107,850 $25,791,560
5,179,893
for
$7,055,671.—V.
$3,974,245
Net loss after
exps.
profit
total,
Light Sts.,
(& Subs.)—Earnings—-
1942—3 Mos.—1941
31—
$6,245,759
apdl;equipment?lxi.xCxll;xx—ix!^xxxl~ix!:$141,648,555'
Inventories of material and
ft.
Baltimore
xxxX^-r-x-xx"
453,944.
banks
Accounts
!■.
trustee,
$117,779;
1941,
$130,484;
1942
tax
than
(other
Depreciation
m.,
Steel Corp.
Mar.
sell. & gen.
Adm.,
$747^889
?>
-3;533
Indebtedness
■t
p.
,'Co?t-; of sales_x_—'
12,505
' 6;545
—x_x_
.-.;x \
Property;' plant,Investments
,
•
9,926
of state taxes, paid by.
security; holders
Federal income tax. paid under bond
covenants
V
•
408,331
—_x,x————_x___^______
Refund
•Intangible
11,406
xx—_L——$833,896
funded debt——_—_x_x
on
Interest.
Amortization
.Net
.-•Nefrxsales
~xxxx—xXX—xxxx—X-i_Xx-XX_xXxxi '^r-$a22;490:^y:,'$735,384':'
Other income
Other
Bank,
$13,800;
271,785
Earnings per common share
•After charges and taxes.
$2,181,383
————xx——
Period End.
<•'
National
Cali¬
and
tax,
$8,765,291
Excess profits tax
May 12, receive bids for the sale to
it of 25-year 5% sink, fund bonds due July 1, 1960, to an amount suf¬
ficient
to exhaust
$105,664.65 held in the sinking fund account, at
21,613
depreciation and depletion
expenses
Provision for
3IV
income
income
154,
prioea not to exceed the redemption price.—V/ 154, p. 1147,
—
31,
1942,
9 Mos. End. Jan. 31—:
Baltimore, Md., will until 1
$2,159,770
Dec.
—
Normal
Taxes
1190,
The
1940
excise
Oregon
capital stock
t$1,837
tLoss.—"V,
taxes.
for
accrued property taxes (due
stock .(63,500 no par shares), $6,-
capital
operations-
income
March
1941
Consolidation Coal Co., Inc.—Tenders—
31
1941
operating revenues——xx.xxxxx-.x-~—xx
Total
•
revenues
deficit
for
reserve
reserve
Corn Products Refining Co. (& Subs.)—Earnings—
included in expense
,
rX
charges
$2.05
taxes, $300,328;
March .31,
3 Mos. End. Mar.
t$246,873
provision
'/''''.ftEarnings of Company Only
Quarter End; Dec; 31—
155, p. 1597.
$130,484
1942
398,
•Net
comparative
surplus,
350,000;
to
on.
1,735
$38,826; accounts payable, etc., $102,047;/
$34,253;
$174,761;
of accumulations on
"
April 21 announced that production of the electric
system for the week ending April 19 amounted to 143,-
company
Sheet, March 31,
$28,951;
income
fied .in;;
Consolidated Edison Co. of New York,
Inc.—Output—
;
on
No
Federal
at rate specified in a transitory provision of the Constitution of the
Republic of Cuba and not in accordance with the respective rates speci¬
1506.
16,043
■'?/?/'
80,880
taxes,
1954),
months
p.
»
1940
1941
?:
•After
•
Three
$229,142
taxes,
franchise
Surplus
income
1942
_x_
;
Net
Settlement
Oil
End, Dec. 31-
/ Quarter
♦Net
operating of dwellings, etc.
tLoss.
Note—rCharges included in the above profit and loss accounts and In
finished
inventory for depreciation and depletion were as follows:
Months Ended March 31,
$5,989,146
Consolidated RRs.V of Cuba & (Subs.)- -Earnings—
v
to
Co,—Earnings-
taxes-.
property
stock
>;
•
Liabilities—Accrued payrolls,
accrued
854,401
1,568,922
1640.—V. 155,. p. 1597.
page
Increase
$1,314,356
x;/://:/>:; vf /
Assets—Cash, $54,409; accounts and notes receivable - (less reserve);
inventories, $173,173;
timber
and
lands
(less
depletion),
operating plants and equipment (cost less depreciation),
$2,466,680; non-operating equipment, $10,527; deferred charges, $63,078;
total, $7,055,671.
for
* reserve
Oil
23- issue
April
See
2.439
1,200
—
148.
•;?:
1941
$2,419,955
$414,510;
Agreement—
2,189
2.616
XXX-X-ixXx
v————
-'/x/
$3,734,312
disposal of assets
Preferred
19.859
"''?/'/?,'
■
1942
Balance
2,000,000
112,386
.
v''
;
Net profit for the period
Earnings per. share on 63,500 shares capital stock.—
OpO. which are being contested by the company.—V, 154, p. 1376.
$130,741
;
Consolidated
—X—
—x
•
348,600
2,000,000
854,40^
1,571,242
Dr125,875
,
depreciation of $5,747,777 at
tDue within one year.
HRenresented by 25,000 shares.
tional
income
cum.
—
tAfter
reserve. ^
Note—No provision has
taxes applicable to
.
-
6,537
474,737
119,940
425,650
131,119
31, 1942; and $5,788,106 at Dec. 31, 1941.
§Due after ohe year.
$405,211
? 359,200
profit «n. sale's—"——xxuxx--xx«-—l_"
•Selling,
Interest
from
Other
Total
x
11,039
payable
payments (not curr.)__
—XxxxJX—,XxXX-—xx-X^--,ixx
Capital 8urplus'xxx*-xx—_xx———
——x„
Earned surplus'/——x_-xx_x_x_—
IICost of common stock in treasury—
501.
p.
111,550
820
—
Totalx—
189,090
64,621
_x—1
.
'-JEarped .surplus^-.r-----.-—x—xx-.-,—x.xr,—.xu^xxxx-^
$365,584
208,801
59,251
.
$7.50 preferred stockx_--Xxxxt_X--x—^x---xCommon* stock (par. $5)_x_"-'
'"
678,998
.
stock
reserves
—
358,668
I—x.—
((Purchase money mtge.
Total
154, p.
63,699
•;x?v,L
$125,000
xi
Federal ihcbme^taxesxxx
32,885
9,389,920
-
payable-Ixl'x.x
Accrued; interest, 'wages,: social secur. taxes, etc.
Salesmen's ;and other? deposits--...-----JPurchase money mortgage payments—-
v
'
ftl-
t
$3,873,295;
payable xLxxx_——x__
Accounts
,
:?/?
'/
—X/
eral
''
?
Liabilities—
basis
the
non-operating property expenses———
Provision for Oregon excise, California franchise and Fed-
3,652,595
——
Total
$0,47
;
77,817
3,648,016
95,491
1
deposit——
—X—————...
•
49,213,000
$368,365
$0.70
x-
•
*1941
$548,646
Interest and
$6,804,400
—
Common
'
26,647
Loss
11,560
charges——
GoOd will X-,
"4
'
•
1,575,247
x_
x
■
Liabilities—
349,016
reserve)
;
/
h' /•.-/
Profit from operations
$232,561
1,723,869
,—.x——
-
■
all charges, including interest, depreciation, re¬
adjustments, and provision for Federal income and
Coos Bay Lumber
'42 Dec. 31, '41
303,500
tLand, buildings, machinery, etc
$122,018,966
—V.
1939
*$16,060
:
$6,116,966
bonds
Miscellaneous assets
'
March 25,
$236;523
•Notea and accounts receivable (net)———
,•
tAfter
income Statement, Three
—
•
/"'
.
1942
ftftx
_xx—
Four Mos. End. Mar. 31—
31,749
—
■
Cook Paint & Varnish Co.—Sales Up 54.3%—
Consolidated Balance Sheet
Mar. 28,
;'
|
America—Quarterly Earnings— ?
t
per share on common—
for year-end
?/■■■ /'■/:-.
•Deficit; ' Y:
,•
'
' (
Shipments for the three-month period of 1942 totaled $15,068,000 as
compared with $8,071,000 for the same period in the previous year.— /
V. 155, p.' 1307."
://
-?/ fft-t ftft\
?
March 22, ? March 23,
1941
1940
*$43,528
*$41,877
1942
taxes
Assets—
1,029,054
$1—
Sales
March 28,
i'v
1
$16,751,489 $16,889,839
excess
profits taxes.. This latter provision is estimated, on
of 80% of the profit before taxes for the 1942
period.
>•
/
Consolidated Earnings for First Three Fiscal Periods
Jan. 1 to—
-v
profits taxes.
>
payment of dividends by debenture indenture to the
^Represented by 574 shares in 1942 and 140
preferred stock at cost and 87 shares of common
x__——
•Adjusted.
26,148
interest
profit
Earnings
$247,045
-
902,630
——————
2,296
35,854
tNet
serve
Net profit after deprec.
3,329,823
—
15,625
3,955
11,039
.
36,148
-
of
3 Mos. End. Mar.
•
$220,792
34,900
Other deferred debits-—
fotal
32,634
-*
Loans to officers and employees—.—___.
56,808
Receivables from subsidiary companies—
—3,810
Interest-receivable
>-x—i- ?,?
386
Materials and' suppliesj—J.
———„C_l——2,151,508.
Prepayment* —Xx—;V
58,238
Unamortized debt discount and expense——i——
2,439,127
Work
29,864
$347,131
76,141
26,148
x-
to
3,517,141
Drl8,293
cost in 1942 and 1941.—'V. 155,
p. 823.
'■;■'?/
■///■'■:.■/■ ■'■";/••/";
•/"■'' ::'•//'
$317,267
$98,832
:
1941.
as
Container Corp. of
charges-_
income? tax—
Surplus, -x-i—
in
J Restricted
Shs.
-1,165,488
-926;775
——"//
accounts
$7,644,135
1941
37,562
.28,588.
ili'
,
—.
in
$327,980
-
'j'/'V1
1,807,404
$3,967,309
Dr65,246
•
depreciation of $7,985,069 in 1942 and
/[Represented by 200,648 shares, no par value.
shares
26,148
•No
1,807,404
$1,956,047.
38,646
.
200,000
for
reserve
of
$139,433
..
-l
'"'ft
,#*>' ■'
—
* After deducting
extent
51,087
income
—
—
v
$99,508
-$107,859,873
r 2,060,546
—t
——
'w
r
/•
stock
surplus——
368,682
$290,418
.
816 495
5,279,300 :?■; 5,279,300
capital
6,823,845
com. stock outstdg.
,1
(par .$5)
Earnings per share—x
'n
'
preferred
-''v
,^">-1
$7,509,794
;
212,885
200,000
——
^stock
and
Total
1938
x
6,743,971
y
347,859
$561,653
,
1 885 500
,;
$139,135
-
Preferred /dividends
*
f.~
1
.1939
$7,382,249
'
282,723
1,885,500
Initial
$3.21
.'
\
194(111;
6,899,818
■
272,323
—
1,027.752
Years
$100,786
Net. profit/——xXx'_—'
v
3,444.378
:
etc
1,081,074
Stock
income—x.
•Federal
374,242
v
.
,/w'^ $2.94
Condensed Balance Sheet, Dec. 31, 1941
*.
Other
$4,063,698
Calendar
$88,047
Interest?-X-VX%:X-xX'Xx^_'_.;
.
14,454
-,
$3,752,340..
*-• 374,242
& 3,444,378
■
>
Cr2,805
taxes,
(current)
due
cumulative
tcommon
134,
.329,075..
I- ..1'
Net. income
,
V
$641,101
?
—
1,600,00(1
7%
of
as
V.
2863;
debt
/:■/, -.v/,
—.
general
33,967
$16,751,489 $16,889,839
———
x
i
60,855
1,400,000
,M*c'
Gross
8,337,283
\
Reserves
was
314,905
A
♦
;
^'T13,261
113,209
-_X—
Other income—x-^——
1,819,019
1,800,398
V:
debt—L—.j——————
on
$6,007,627
$5,649,923
-
J
Arrearages
147, p.
$7,329,679
7,314,041
.
;..
/
i:„, - :;•/'*..
Profit from oper.
^
Gross, income
Interest on long-term
^debt——i——3-'Amortization Of debt ' discount and ' expense,
saleS'x—x
for
.
Net. sales—X——ix. $7,716,993
$5,970,683
31,738 V,
36,944
$5,618,185
iirconn.©—
20,096
8,236,739
tEarned, Surplus; —x^xxXXxix§ Treasury stock at cost-
$6,313,796
18,634
ft
x^_
/
interest,
Consolidated Laundries Corp. - (& Subs.)<-*-Earnings-
>
"
Funded debt //
preferred A stock,
since.
none
ConsQlidated Income Account
$5,959,685
operating revenues—
Rent for lea^e.: pf jUtilit
jj planfci-i;-
Interest
share
per
A similar distribution
share.—V.
per
cents
excess
Net
,
37 Va
the $1.50 cumulative
on
value, .to holders of record April 10.
20,
of
;yJP.;'4329/::;:.v-^:^^
991,000,
>
par
Feb.
1,964,482
1,995,234
—
profits-——
_—V • ' 732,658
Local, State and other FederaL——'—i 'Ste&li 725,236
.
on
,r ^1940
$23,010,145 $20,818,548
9,863,414
8,616,392
1,466,103 & 1,336,761
; ",
"
paid
5,035,923
92,511
35,189
;
payable
payable
Funded
company on April 15
account of accumulations
2,376,023
reserve)
_ZZ_ZZZZZ
Accrued
Consolidated Hotels, Inc.—Accumulated Dividend-—
ft. The
(less
„x——
Payrolls
v
1,268,714
?, 4,056,011
—
———Z—„—
Total
Accounts
$994,033
690,390
———
—
for sale
■
// Liabilities—
52.
p.
—
receivable
—
Deferred charges
•
154,
—V.
accounts
„—260,615
Totai'-L-X-Jx..^.——,
?
In 1942 and $118,440 in 1941 for depreci¬
t/--/■/-/." ";/';/ ? •'•"/"/?
ation and Federal income taxes.—V. 155,.p. 1405.
and
Sundry receivables & miscellaneous investments
•Land, buildings, machinery and equipment—
8,378
;
—__
Real
;"v;
3,696
■? 3,375,368
:
Earnedsurplus Jx.Xx—xX——X—
Notes
savings bonds—
Inventories
9,476
—
(not
Xxx'X—
U. S.
3,714,813
refundable)
organization—
at
Defense
1941
$2,087,475
297,480
—
U. S.
1_
31
1942
Cash
178,082
157,456
*
—
March
Sheet
Assets—
7,400,000
—
reserve—
;
extensions
surplus
$0.55
;
for
Capital
$181,490
$0.19///
.
.
.
"V
'
1941V
'
'
$61,327
-r
shares-
1942
<
.•
-•
depletion
reserve
Contributions
V.
[Including Domestic Subsidiaries] "
^3
i
xX-'——1—
deposits xL/xx—-
Depreciation
1
v?
*
112,804
liabilities
Consumers'
Miscellaneous
Nast
•
:
xx
—
payable
Accrued
,
Conde
:JV, '';?Vy'
xi.—
.-.v-..
Capital
Funded
electric .energy of subsidiaries
of this corporation, adjusted to show general business conditions of
territory served for the ;week ended April 16, 1942, amounted
to
195,880,870, as compared with 182,763.904 for the corresponding week
In 1941, an increase of 13,116,966, or 7.18%.—V.
;i55,'p. 1597.-^
weekly
Liabilities—
•.
Corp,-^-Weekly Output—
'
1675
business
to
be
sub-contracted
to
outside
companies,
.
<
f«uyBjg5!gtu4tf^^tf g \s^jaabaiigs<aa!u^g^^jWiaaK8agflflacaagss5ig8tt»cKS6aaaMWttMaag8»^^
THE COMMERCIAL & FINANCIAL CHRONICLE
1676
•
conversion -program taking^ place, and the*
peace-time products, the company's manufac¬
turing volume for the first three months of this year was almost, as
large as for the corresponding three months of last year, the conver¬
sion programming having been made with very little sacrifice of fac¬
tory' people.
In other words, the factory organization was ' kept
practically 100%/ intact during the conversion period, and from now on
additional people will be needed as the added volume of work requires."
'•
of. the 'large
'7n. spite
~-v.
f
earnings from utility operations
and
Excess
profits.tax
•
Net
425,559
f$144,171§ $245,427
$155,652
profit
Interest
r$tes specified in the transitory
Republic of, Cuba and not in
included
is
in
at
expenses
i
'Vv*
Cuba RR.—Earnings—
' ;v
at
rate
of
J
i.a-.
•
'O'l. ../'''J" v,?v
f. *
4
'■
■
't-
-
-
'''
'
April
on
Net
/ - M
r•
.
I V;-SJ
"
#
;
r
VJ
j
••Walter J.
and
expenses
on
April 21 in New York City.—V. 155, p. 823.
from
♦Federal
Other
1942—12 Mos.—1941
$7,866,985
219,855
2,906,243
2,713,472
73,877
59,975
52,401
56,940
1,250,520
680,654
692,025
681,170
52,413
15,219
669,740
taxes.
income
taxes
tProp., retire res. approp.
Sheet Dec.
-
$7,098,930
'C
;
receivable
Accounts
and
Material
.
Other
and
discount
debt
10
1
$2;746,074
$2,359,828
$229,485
$180,702
oper. revenues—
,648
,
Capital
Interest
bonds
46,667
and deducts.
12,919
mtge.
on
Otheh int.
$121,116 " $180,976
Dividends applic.; to pref. stock for the period
NettHncome
$1,746,970
"Includes
Revenue
tAlso
•
from
and
T.
234,553
T.
Co
—
3,268
$1,622,926
3.300
2,151,701
1,855,171
1,226,914
Depreciation reserve
Unappropriated surplus.
•- ■
,r
x
,
1,174,621
Calendar
1941
■
$7,204,035
4.981,539
4,551,370
1,076,108
1,019,567
1,046,135
:——__—— _____________
$14,247,552 $12,197,258
a ...
$948,534
152, p. 2550.
Other
^
.1940
$8,052,316
—
Total
—V.
Earnings—
Years
Operating revenues——————
Expenses
—'
Depreciation •"_«
_—- __
Taxes
<, •« *-r.T •
.
excess
Eastern Massachusetts Street Ry,
238.630
—
$9,917,656 $10,090,943
officers; of the company thai there
profits tax under the Revenue Act
of the
no
188,861
-
278,316
credits
60,479
69,300
69,313
.
85,693
327,913
due
not
32,331'
.
.
60,701
._
the opinion
liability for Federal
Of 1941.—V. 155, p. 1308.
405,000
94,886
depos.
other current liabilities-
is
245.980
1,930.000
pension fund
&
315,898
..
.
.
—
income
Note—It is
•
City
deferred
end
and
requisition.
replacement
and
maintenance
*
759,003
$874,090
45,262
59,816
$993,796
J..
income
tization
and
expense
p.'1598.
v
**
*
•
extinguished. April
was
1940.—V.
30,
•1^
$933,906
Period End. Mar. 31—
.1942—Month—1941
Operating revenues
Operating expenses, exeluding -direct taxes—
241.753
tFederal income
Other taxes
■
2,266,031
^
(•Property retirement rer
serve
appropriations,
40.669
13,903
162,250
510,760
;
'
Balanee Sheet,- Dec. 31
.
.
'
.747,015
,
674-,609 ;
off
'
,
660,129,
357,255
362,437
335,533
.
6,000
-
Depreciation
-
.
15,165
■ *
"
3,848
18,000
27,175
,
•
•
-
\
,
•
Deferred
38,077
445,534
243,533
$537,633
186,063
$510,924
$38,258
$27,439
$351,570
$324,861
.
186,083
$720,072
-115,885
Operating, prof it
Non-oper. - income.
Foreign exchange loss__
$992,627
$908,156
111,652JDrll
x
114,610
Dr136,223
79,510
-
13,881
premiums paid in advance;!—18,481
unadjusted debits
.
.
Total
28,569
<
104,565
6,565,357
1X5,787
6,565,357
•Difference
$954,928
•
11,191
assets—_
Insurance
Other
$42,944
15.505
———
—
,
,197,677
.
Deposited under mortgage indenture.
physical property—
—
656,968
.
>
"
'1940
------
1941
and
Miscellaneous
'
'
$423,147
,
equipment.*-——$18,032,620 $17,399,536
- 62,706
62,785
1,200,145
1,298,884
Cash '
583,183
"1,236.68*:
Deposits for interest, divs., matur. funded debt
322,369 >
207,577
Accounts receivable
>
45,846 ;
j
38,727
Materials and supplles__-___*_—181,048 • • V 69,834
Interest, dividends and rents receivable^_ 1_—^ ■
* 8,297
"
6,185
1939
$1,824,737
written
Outslde.lexplori
183,733
29,983
operat. revenuesRent for lease of plant
1940
$1,992,136
'
21.347
"
$53,763
15,505
Net
1941
$1,958,021
Taxes-
1,798
;'
Securities
1942
Development, ©per.- and
general costs
$3,225,568
2,487.966
6.566
■
'
Road
$1,862,699
Total recovery
$3,674,052
14,053
taxes__
I
Dome Mines, Ltd.—Earnings—
3 Mos. Ended Mar. 31—
.
189,739
<
441,611
>
retirement losses—$552,184
Assets—
$286,461
1
$346,118
>
paid on this issue on May 20, Oct. 15 and Dec. 18,
and on May 15 and Dec. 19, 1940.—V. 155, p. 1212.
1941,
income before
Net
amount was
155,
1942—12 Mos.—1941
,
deductions.
on
similar
;
Dallas Ry. & Terminal Co.—Earnings—,
:;■/ Total; income
Interest, rentals and other
The directors on April 10 declared a dividend of 25 cents per share
the common stock, payable May 14 to holders of record May 1.
A
;
amount
commission
Dixie-Vortex Co.—25-Cent Dividend—
;
reouired to amortize preferred stock commis¬
expense over the life of the charter, plus additional amor¬
of
$25,218.
The balance
of unamortized preferred stock
flnciudes
:
A.
payable and
Deferred
of Dallas as maintenance and depreciation reserve,
regulatory orders of tme city council under the franchise
the company's
books as maintenance and depreciation re¬
in
serve
.■
.
315,884
41,560
,
the
in
sion
of
trustee
to
from
liabilities
Accrued
appropriations to reserves designated in the franchise
includes
the
and
>
1941.
of
Act
3,000,000
1942,
31.
—
expense
.
Miscellaneous—
$5,000,000
3,000,000
115,206
$12,531,839 $12,967,312
2,450,000.2,450,000
*
interest
Net
$5,000,000
billing for service & customers'
Acoounts
for Federal taxes of $13,000 for the 12 months
additional to the amount required under the
provision
March
ended
sold
Advance
507,386
$1,239,584
Balance
-
Notes
Advances
$2,130,312
507,386
_________
11,993
$14,247,552 $12,197,258
stock
Funded debt
■
$2,747,043
560,000
J56.731
$2,360,476
560,000
53,506
$229,495
46,667
.1,852
$180,702
Gross income
—s-i
Interest charged to construction (Cr>—323,263
Taxes assumed on bond interest69,300
•'
Liabilities-—
969
,
,
.
113,937
,
Total '
Net:
—
Grossincome
Other
.54,397
19,912
_____
„
(Cr)_.
deductions
revenue
on funded debt
Amortization of debt discount and
52,014
52,425
1942''!t§41c,;:
$12,422,203 $12,660,665
75,242
43,226
45,540
69,653
"'
1,023
851
'
revenues
Interest
186,698
-
266,189
>
'
pthfeT?income
281,001
47,043
expense.
debits—
deferred
8,050
358,635
* >c. :
_; j .* k
_
__
—
48,351
277,465
,
;
contract work
lease of other physical property
frojn
Non-operating
.
:——
—
' "'7V '
„
k.,
1940
8,050
—
i___
.
earnings of a subsidiary from Jan. 1 to
i
July 31, 1940, date of acquisitionof. its.assets..;^.,.-—,---115,724
Interest; revenues
102,362
186,851
Miscellaneous
Cr594
5,547
$11,554,754
66,611
.A
supplies——
Prepayments''
Unamortized
'
--
:
1939
"
Net
31
1941
;
-
Dividend
$117,958
$13,417,411
"
* • '
—:
"
Net operating revenue
Merchandising, Jobbing and
400,000
$51,645
Balance
Years' Ended Jan; 31—
Revenue
and other investments—
Cash and special depositsWorking funds
'
—f
r.
$573,900
1,972
$517,958
400.000
balance
Comparative
.
.
.
90,000
v'
Income
.
1940
*
-
—
15,936
-
$451,645
—
Total ' plant
238,669
$605,636
•Operating revenues
Operating expenses, exeluding direct taxes
1,298
v
1,972
r
appropriations—common stock.
Dividend
-~19414 <'
$38,263,363 $34,535,993
Operating expenses
12,286,784
10,683,735
Maintenance and repairs.
2,337,590
2,284,644
Appropriations for retirement ■reserves—-———"""' 3,728,900 * 3,262,873
Amortization of utility plant acquisition adjusts.
690
.
690
Taxes (other than income taxes)
: .2,597,812
> 2,330,823
Provision for Federal and State" income'taxesr_
4,889,383
3,312,550
*
V... ■;
railway-*—
Operating revenues
$625,866
90,000
expense_^
Assets—
1942—Month—1941
Mar. 31—
1,278
$601,883
58,265
and
1942
'
Duquesne. LightCo^J&rnings^,
i
%
6,751
:
income__*__
charges
discount
debt
■
_
$36,379
16,641
-
of
Amortization
*
*
from
.
$620,413
debt-
funded
Interest "on
,.
^Dallas Power & Light Co.—Earnings—
Period End.
162,897"
$586,519
fixed
*•
9,800
,
____________—j.
Other- interest
Rich,, a director of this corporation since its organization
of Wright Aeronautical Corp. since 1928, died suddenly
1929
'
44,548
223,832
.150,149.
for
$8,114,000
and
.
$185,800 !
$139,375
$108,650 • ; $10T,707 I
80,840 ^> 34,845
13,694. >'
2,465
Net ry. operat. income" 12,600
% 891
.*13,747
:*23;524
-■'•From'Jan*. 1—- >>".r>-v'V- ,v.>:iVr
Gross from railway
551,200
442,602
358,927
332,912
Net frcm railway..
159,931
123,543
75,171
:
44,086
Net ry. operat. income.
49,027
28,775
.
*8,294
*25,913
; *Deficit.—155,'p. 1308.^
' "* *
jV':V"v j •
176,971
.
taxe»_._~:_J_,—*__•*—.. 172,911.
deductions
>.\T' ;>>■>■>,
•.
from railway—
Net
293,160
192,184
270,416
available
Income
1942
in
$16,960,000
155, p. 823.
March—
445,542
/382,963 >
J—
_______
is
Duluth/Winnipeg & Pacific ;Ry.^-Earnings—
.
Gross
588,173
>-
540,761
income
CTurtiss-Wright Corp.—Obituary—
in
laws,
\
stock.—V.
^
$2,685,170
,">7)15,941
-
miscellaneous
Miscellaneous
>•*•-
..
respective
y.
1940
$3,084,847
operating income—
Other
•'
17
4-
•
)'l %
j,-
.1941
,
Net: income'
\
,
excess-profits-taxes__-_ir^*'___»j__-i.^_
9^ate, .local and ^social security
declared a dividend of $3 per share on
the '6'% cumulative preferred stock and $3.50 per share on the 7%
cumulative preferred stock, both payable on account of accumulations
oh May 1 to holders of record April 27.
Like amounts were paid on
March 16, last, and on May; 1, Aug; 30 and Oct. 25, 1941.—V. 155*
' 4
rjj.
■
Federal
Co.—Accumulated Dividends—
Cadahy Packing.
the
by
between E. I. du Pont de Nemours & Co.'s
equity in profits of controlled "companies npt wholly owned and divi¬
dends received from such companies, the amount earned on common
$11,037,623
!—50,452
income
Federal
1
•••'. V *
ft) 1
'
"
J
"
rents
and
General
r
The .directors
v. f
defined
in 1941.
Telephone Co.—Income Statement—
operating xevenues
Operating
transitory provision of the Constitution of the
not in -accordance with the- respective rates
of said bonds, the report states.—V.. .154,
a
Cr44,701
524,145
-
coupons
St"
„•
+
:
the
and
Cuba
in
,
1593.
pj
in
specified
specified
*V ')'»
I
expenses •
Commercial expenses
charges
Republic
1,899,956
1,899,956
''8toCk__'l^i-;_--:-^t_^i'Lt_;" 13,897,026 ;l9,361,013!
Surplus at March 31291.748,847 269,247,389
fj ♦Total provision for Federal taxes on-income,based on laws existing1
31 each year amounts to $25,250,000 in 1942 and $17,143,000 in
1941, of which the portion representing • tax on "excess profits," as ?
-
$11,615,964
Traffic
t$102,235
—_—$293,390
.
Depreciation expense
1940
1941
"
and U. S. normal income taxes.
No provision has
beeit made for excess profits taxes.
tLoss. ,/
iNote—Interest on bonded indebtedness has been included in expense
*After
■
■■■ ;—*£+ -—>—v
■ ■ ■■■'■ .—»—•
307,545,829 290,508,958
■
tlncluding the difference
Currwt maintenance
*
f^+itipx.
'■
—
_
•
•
Quarter End. Dec. 31^
^Net j income i
671,917
'
>;
^"-21—1.
Calendar Years—
Total
•
■>*•'••
•,*
__
.
March
6,058,369
Cr67,673
'
expense
1—
Diamond State
performed for- the
154, p. 1190.
services
not been collected.—V.
have
Government which
4,945,939
construction^it^-i^i____-•
to
income
f
"
Cuban
ii.kv
j,
preferred stock
on
Dividends on common
•Including current appropriations ta retirement (depreciation) reserve
and accruals for all taxes other than income taxes.—V. 155, p. 1307.
]
provisions of the Constitution of the
accordance with the respective rates
specified in the coupons of said bonds.
Income does
not include revenues for
charged
Amortization of debt discount and
'i1 ;iW:Vr.;V
^SBe
.<k:
+$216,765
Net
indebtedness
bonded
on-
and unfunded debt
Interest Oh funded
-V"
Note—Interest
■■
Total
income__—_-_—___^_i_____ $17,166,147 $17,574,836
corporate
Gross
J 1941—6 Mos.—1940
$281,679'- $1,063,122
• $586,617
425,850
817,695
803,382
$581,211 -"
-
etc.
deprec.,
;.fDeficit.
.
'■.■v.)-->\ ''c-
360,000
...
1941—3 Mos —1940
revenue
taxes,
3,308,000
Dividends
1
Int.,
v
—
Rys.—Earnings—
Cuba Northern
Period End. Dec. 31—
J...,;'
Surplus;.March- 31
—__—__
-
'
4,305,000
2,470,000
—
Consolidated
285,235,672 264,254,797
Net income Three months
,■;* 14,310,157
20,754,161>
Adjustment resulting , from revaluation of in->l >•-. .,.;•■>
,
.vestment in General Motors Corp.__.—i.—8,000,000 > 5,500,000
$74,247,972 $68,080,418
47,001,399
and surtax..^____*__.—
tax
of
Monday, April 27,:1942
.
Surplus at beginning of year____-j.
t£
1941
charge^*.,—!^— -50,565,312
maintenance
•Operating
Normal
Statement
;
1942.
-
! Balance, income from utility operations."*—^. $16,907,661 $17,411,019,
Qther miscellaneous inc6me-_--____r_____r_^4^.,
258,486
163,818
v
Gross
March 31—;
12 Months Ended
Gross
p.- 1307.
155,
(& Subs.)—Earnings-r-
Detroit Edison Co.
:
complete elimination of
Vy^?*'\
v
;•
$27,145,030 $27,032,594
————————
Liabilities—
Operating income
,
41
_________
6%
$38,258
$27,480
$351,570.
$330,861
23,515
23.515
282.180
282,180
______
1,959
mtge.
on
Net
1,959
24,7.65
these
$44,625
$24,029
103.901
-
t
•Designated
lated
and
Nov.
on
p.
unpaid
to
March 31.1942,
amounting to $1.75
1,
31,
1942.
1933.'
Dividends
amounted
share on 7%
a
this
on
to
stock
Latest
paid
cumulative.—V.
are
w^s
155,
1598.
Delaware & Hudson Co.
-
Cross
'-y.■' ■'' ■' •'
;■
revenues
of-companies consolidated
$5,024,890
Netj, revenues of companies not consolidated—.
r>t^
Net
•
"■
j*Provislon
for
companies
Federal
taxes
income_______
on
.
Net before fixed charges, etc.
Fixed
Depletion
and
proceeds
$500,000
will
and
the
be
;;
;
.
j/,' j,;*;
*,
Si
;
• *
«<*.
declared
a
value,
,
Distributions ot 30 cents each were, made
1941.—V. 155, p. 50. - *
- -
on
-
this
Other
Total
;
1942
-
,.,
$1,577,683
919.194
(net)-
702.444
Total
-
operating
6,335,880
revenues__l___*_____
on
of
j
!
J
5,162,583
69,553,065
11,163,659
"Provision
for Federal
7,352,733
Net
*■
income
*No
provision for U. S. excess profits taxes.—V.
Diocesan Investment Trust
The
trustees have dec'a^ed
certificates
April
.and
...
14.
of
beneficial
This compares
with nine-cents paid
a
religious
and
•Massachusetts, four times
11
pavable
May
cents per
1
to
julv
and
amount
Oc+ohe''.
invested
is
charitable
Dwr
vear
preceding auarter.s
100
organizations
churches
are
155,
p.
,
--
income
15,286,779
' Operating! and
for
other income—20,310,157
——6,000,000
contingencies—
the.
shareholders.
;V
-
'i
lit-,
i'
.
e * r-i.
.■
J *t-
I: H
:
•
a
dividend of $1.25
per. share on shares
An initial distribution of like amount was mad£
which was followed by another of $1.25 on
on Feb. 28,; 1942,
amounted to $20 per
50.
^
...
-
Tnc.--Weekly Inputs
, -
J
•- -•
cllenl :
Week' ended; April..l6, --1942T" the--system- .inputs- of
& Light Co., as
Power
1941
were
compared with the corresponding week
-'J
follows;
as
Thousands of Kilo watt-Hours-'
>a!.>;,•>>/
of—
142,463
Light. Co.
Light Corp.'
American Power &
Electric Power &
National
Power
1941
'
_
v,
72,321:
101,129
& Light Co.
>
'!:■%'& Amount
138,246,
;
Pet.
4.217
3.1
7.219
>
65,102*
1, .11*1
87,50913,620
;
-
Increase
>
..>1942
.
.
15.6-
include the system inputs of any companies
periods.—V.", 155, p. 1598.^
-V-.-
*>• The above figures do not
24,254,161
3,500,000
not
appearing
in both
Net
income
Dividends
on
for
the
period——LI—.—
preferred
J;
stock—
-
Diocese
of
Anril.
total
The
Balance
to
applicable
common
stock.
'+Equity in profits
Shares
of
common
earned
a
;—•>
>
C.
R.
Nbrberg;
stated
that" after
higher
12,410,201 .*18,854.205
13,140,068
19,556,978
11,050.570
stock outstanding-11,106.366
share
.___—_—$1.18
\-■
•
<; <•
taxes
per
$1.77
p.
p^are'on
i
•••
:<■
^
the company earned the" quarterly dividend of 50-cents
the common stock which was paid ih March.—V. 155,
>*;W-:!>;■■'■''■"rv:
918,
f-.•'~h
-■'
■
.>•;
: •?>:
•
..
'
j
_
■
:
President, at the- annual.meeting held last week.;
making what " was • thought adequate provision- for
■
i
Co.—Earns Dividend—
Electric Storage Battery
v
Amount
v
14,310,157
20,754,161
1,899,956 ; 1,899,956
"
■
•'£
'
year,
p.
i. Operat'g Subs,
7,542,818
Provision
155,
For' the
■
16,711,343
—_______*____5,023,378
Episcopal churches,
in
months of .Tanunrv.
262.
<
'
of record
holders
share paid on Feb. 2r last,
,during the
$6.000,415.71.—V.
the
■
Arrearages
1942.
Ebasco Services,
during
16,903,000
income "(net)
Operating
Other
(Mass.)—9-Cent Dividend
in each of the three
a
1508.
dividend of nine cents per share on
interest,
with
155, p?
The Diocesan Investment Trust offers, its share to
.missions,
$875,233
$1,226,408
declared
; -
5,874,944
.24,939,000
taxes on oper. income.
1406.
Associates—$1.25 Preferred Dividend-^
28. '
last
10..
10.
National
58,493,013
11,227,473
sold,
goods
$27,145,030 $27,032,594
—
operating companies of Ebasco Services, Inc., which are subsidiaries of
American
Power
& Light
Co., Electric Power & Light: Corp., and
'
/
Nov.
April
record
on
■share.—V.
128.359.050 109,145,959
etc._——___.
of
;
5,154
•.
194L
Selling, general and administrative expenses-.
Provision for depreciation and obsolescence—
Cost
6,827,843
13,366,655
of beneficial interest as an instrument on account of unpaid accrued
dividends ori the cumulative preferred stock, payable May 11 to .holdevs
122,023,170 103.983,376
!-—
Other operating revenuesi_-^__—
—
143
,
335,394
185,25t
718,571219,007
7,770,957
5,154
-
—
.
•
-
the par value of securities issued for tangible property at
organization and the value at which such property was carried,
The directors have
the
:;
Sales
>
164,388
representing- intangible; rigbts>-~y; 155*
t) du Pont de Neinours^ & Co.- (& Subs.)—-Earns*
(E.
3 Months Ended March 31—
-
"Between
Eastern Sugar
issue
>
,
375,000
112,596
157,982"
9.335.28L
date of
record
* *
•
-
depreciation
unadjusted credits
Accrued
on
;
"
unpaid—
Deficit
?
*
dividend of 40 cents per share
Aug. 1
to holders of
payable
15 and Dec. 29,
payablej^^_>v_*_>._^u_*_;
debt
Interest ;and. taxesr__—-
Accrued
i' i
?.
6.
par
,
•Miscellaheous- operating feserve»i._--_.t>_^;_'__>._-'
payable
.
funded
Matured
Feb.
822.261
1,295.910
depreciation
Of
Co.
&
Aug.
$2,900,466
1,322.783
charges
Accounts and-wages:
9,447,363
600,000
240,469
'207,434
8,595,000
.
instalments
Matured Interest and dividends unpaid;:-"-^—,
3%-
7,604,719
6,244,819
——
debt
Serial note
t'l
carrying
July
10.606
923.820
$3.44ti512:
B^Snce-
■
Funded
^
$1,000*000
of
stock,: no
;
$2,145,602
,
Iselin
loan
a
stock
Common
V
t i-'
' '{
•
1
667,576
income—-
on
f
^
$3,733,333
$5,0''2.t»08
Taxes, other than Federal taxes
■
8,849
>
r
common
$3,724,484
8.018
;':;v;>111
ot all
revenues
-,
'
arranged
40-Cent Dividend—
-
$16.912.0,04 $l3.B0«.8«5i
11,887,114, 9.882,37?
.Expenses
*
company
The directors have
1941.
1942
—e-i.--—
Net
'
(& Subs.)—Earnings—
3 Mos. End. Mar. 31—
;
r/
pay
v
I--1}
*j\»
March 15, 1946, and under terms of the
will pay $100,000 Aug. 15, 1942, and annually
thereafter, plus an amount of-net earnings, in excess of $400,000 in
the preceding fiscal year; also, $50,000 Febi 15,
1943, and annually
thereafter plus any excess of $200,000 in net earnings for the pre¬
ceding six months period.
The balance: would become automatically
due when $500,000 remains unpaid and total current
assets do not
exceed current liabilities by at least $1,000,000.
' C
•
accumu¬
$874,500.
preferred stock,
to
borrowing,
additional to the
under the Revenue Act of 1941.^Dividends
.amounts required
dividend,
months ended March
for. the, 12
'
"
>
■,
has
William
from
used
The. note-will
•
as
tlnch'des provisions for- Federal
and. $3 681
K
{
off outstanding short-term indebtedness to banks
the remainder will be used for general corporate purposes.
be
$79,872
.
the. franchise from the Citv of Dallas and in the
"reoair. maintenance and depreciation reserve."
taxes of $1,277 for the Current month
in
books
comnany's
$59,276
———
.
*
The.^corporation
~.
interest
Net Hdeficit)
-
allowance is made for depreciation, depletion,
surplus or contingent reserve accounts.—V. 155,
.
rt/S,
\ \
6%
Duplan Corp.—Arranges $1,000,000 Loan—
103,901
,
;
.
'
t
$3,236,962
2,997,800
8,710,717
first preferred stock, series A—$3,236,872
preferred stock/-series
; 2,117,800
Adjustment, 5% cumulative stock:.————
6,762,165
$971,014 ; $1,034,437
$1,019,797
no
of
adjustment
(JS'/' 1
.
$835,957
—_
periods
1509.
p.
24,652
$2,008
$12,784
income
IDivs. applic. to
profit
and
pref. stock for the period^*—
pther^ deductions
•
6.000
bonds
Gross income
Interest
Net
"In
Other income
<>.i
,
_
t "s
ki
■J-
xi
i
i
i
;r
Volume 155
Paso Electric
El
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4067
Co.
El Paso Natural Gas Co.
(Del.)—Earnings
irjfc 1-2 Mos. Ended Jan.
from
Revenue
Dividends—common
Operating
47,700
Total
revenues
Other
$373,256
$329,230
18,481
taxes
-—
Net
.
24,479
:
2,710
taxes
v
3,553
..llli425
4;177«Q10.
$178,951
for
stock, and surplus—_—
common
it has any liability for
Note—The company does not consider that
1,334,498
1,006,369
$2,651,476
74,809
$2,725,171
$2,671,770
51,604
4.319
$237,126
Y: 2,010
$276,294
$235,116
$2,576,667
Dr5,038
Drll,842
105,410
:
Balance
/
income
went
of
30,579
32,821
Amortizat.
count
of
and
"Miscell.
debt
.
expense
income
397,854
dis¬
'Yl,
330
240
.r.;
;
.19,691
2,294.
1,720
deducts.
•
-
;•
Dividends—common
Interest—income
Total
—i.
notes'
$329,229
/■
revenues
'
: 17^94
15,753
Other taxes ..—-----i--—'
'Balance for
stock" and surplus-—'-.-
H'ZZ?
(
$227,844
$181,439
$2,121,098
..
ir v
exc.
1/ !
prof., tax
17,930
44,308
1
752,782
Special deposits
$175,149
Notes
receivable
and
Deferred
supplies.
Other
taxes
^4,717
418,984
60,756
"Depreciation
income
190,820
'27,326
493,463
130,013
taxes—
,
402,585
Total
25,967
.7% cumulative preferred stock (par $100)--—
Common, stock ($3 par)Y
Premium
on
35,981
33,605
415,232
$73,053
$90,034
$952,477
Dr5,151
446
Pr9,470
$956,324
11,239
Accounts
Dividends declared,
Taxes accrued
—
Long-term
Net
<
revenues-
oper.
Other
income—;net
Balance
$90,480
$67,902
22,028
—
Int. and amort. <public)
$943,007
$967,562
50,926
270,258
Serial
452,393
,
debt
notes
1,804,782
3,497,212
11,050,000
800,000
—
_
payable
._
(current)
payable
—
Interest, accrued-
8,317
8,317
4,350,626
•_
Deferred; credits
•
_—1
—_
"*
Balance—.'—^---—
Interest
(El
$45;874
Co., Del.)..
Electric
Paso
for depreciation,
Reserve
$515,164
$672,749
$39,554
Contributions
49,506
Earned
Balance
Preferred
$672,749
dividend
50,042
$605,248
•In
addition
the
accrued $8,099
pany
for
to
depreciation
ciation
for
the
shown
above
12
133,682
3,823,220
'
1942—Month—1941
revenues
-'
$338,100
—
$31,121,801 $27,965,372
Operation
1407.
$4,091,197
115,627
1,540.368
18,594
17,414
246,682
36.660
34,717
420.927
404,070
30,684
515.716
154,459
33,499
419,600
374,660
•Federal
1,365,594
Because
of
Income
taxes-
52,937
Other taxes
-
37,867
the
Erie
Net
operat,--revenues..
$64,601
.Other income—net
-
$69,174
Dr4,526
-held
$60,075
$71,599
$951,641
$947,904
-
2,424
i
Drl 6,421
tion
have
-
and
.
$964,666
■
; $931,484
Interest
21,776
27,072
264,962
443,262
$38,299
—
;$44,526
$666,522
$521,404
(El Paso Electric Co.,
Del.)
$666,522
$473,704
67,501
51,775
Preferred dividend requirementsBalance applic.
•Accruals
for
to El Paso Electric Co. (Del.)
1942
Federal .income
taxes
are
$421,929
$599,020
based
on
estimated
an
for
Operating
—
The
Maintenance
•Federal
1,829,30 5
384,612
.
Depreciation
Other
$5,201,502
income
taxes
taxes
4,243,931
6,818,433
ICC
RR.,
Net oper,. revenues—_
Creek
493,902
6,689,851
6,672,875
on
net lossY
16,375
Interest
>
$1,438,955
-—
and
amortiz—
$1,428,422 $17,138,971 $17,092,576
643,376
7,352,651
7,579,397
593,665
$845,290
$785,044
preferred stocks, declared
on
$9,786,320
2,828,484
$6,957,836
preferred dividends earned but not decl.
-Balance
——-.„i—1—„_——
$6,626,617
1,583,970
$5,373,866
Net
Gross
sub.
of
owned
toEng, Pub! Serv. Co—
discount
applic, to bonds of
by parent, deducted above
of
of
some
their
$5,346,165
$5,223,713
6,984
ry.
G.
D.
incl.
.Preferred dividends
deductions
as
These
at
of
York
declared
160,287
Brooke,
President
of
operat.
sale
the
of
properties
and
to
the
total
484,312
purchase
Arlington
RR.,
$5,250,861
profit
by
Balance
Dividends
Earnings
■
subsidiary
applic. to stocks of Eng. P. S. Co.—
preferred stock of Eng. P. S. Co.
?
to
per share
of
1942
and
Federal
over
taxes
include
excess
Income
provision
2,260,936
2,285,192
$2,396,668
$2,965,669
$1.55
taxes
are
and surtax and
based
on
for
1941
™pplicable, ^ EnBineers
cumulative
estimated
estimated,
1941
was
above
excess
was
for
step
profits
taxes
$191,778. For
$191,778.
Federal
as
the
12
minority
rates of
dividends of
•
a
un¬
subsidiary company.
for the period, less
interest, credited to reserve for
depreciation in value of in¬
m
subsidiaries.—V. 155, p. 1510.
YYi
....
.
by
gross
were
Co.
the Federal
consolidated"'net
Co.—^The
1941
decreased' from
J
' ^
Corp.—-On Dec, 5, 1941, the corporation
the sum of $10,000 its investment in the
for
Water
Co.—On Dec. 29,- 1941, this company- sold
Life Insurance Co. $3,000,000 first .mort¬
33A% series due 1966 at 106.74%, plus
of 33A%
sinking fund notes due 1956' at
Mutual
•
,
...
.
sale
the
these
of
securities
*used
were
the company
debt of
Hancock
Mutual
Life
1941,
Insurance
$10
shares of Southern
253,372
per
share
were
made
stock
of
Securities—During the
amounting
this
Co.
company
$500,000
their
."'v
the?
year 1941
Natural
first
of
Gas
Co.
'
cor--
com¬
and
149,690 shares at $12.50 per /share.
direct from Southern Natural Gas Co.
offerings
that
by
The
company.
was $4,404,845.
Corporation
stock of Southern Natural Gas
now
owns
Co.,
total
cost
of
765,022, shares
which
is
54.29%
shares of that stock outstanding.
\ '
•
,.
of
\;,
1941
1940
.
revenues
maintenance
and
——
$5,824,407
___.—
$5,043,022
187,638
153,485
$6,012,045
2,197,413
income
Gross
Interest
chargesDividends on preferred stocks of subsidiary cos.
Minority interest Jn net income of subs, cos.—
_
Note—The
1939
3,779,783
2,922,831
1,629,855
1,662,787
1,708,095
778,651
939,943
_____
..
__
solidated
net
1940
accounts
of
$5,196,507
166,132
1,122,797
income
$2,027,365
-
companies which
accounts at
Dec.
31,
are
20,045,142
9,380,792
7,774,625
5,062,698
4,782,479
2,458,984
1941
Dividends from
subs.
$0.67
taxes, depreciation and other charges.
thereof
Portion
declared
subseq.
1941, from surplus of subs,
transferred
f $98,692
to
paid-in
at
surplus
as
to
6,539
$687,138
Oct.
that date,
authorized
".i
41,876,
*
Balance
,
Nil
$687,138
152,683
262,051
14,517
subsidiary companies consolidated
subsidiary company not cosol
Miscellaneous other income—.,
15,180
350
Interest from
Total
1942—12 Mos.—1941
$81,556
$975,406
$923,707
587,073
521.798
62,421
57,297
205,778
$147,554
income
General
—
$9,045
$8,487
7,512
Y 8,106
Retire,
reserve
\
66,740
Y
$186,874
$16,593
$16,558
General
41,436
$188,990
,5,000
60,000
60,000
$126,874
$128,990
586
575
6,312
7,149
$10,972
$11,018
$120,562
Interest
Net
115,817
119,126
charges
income
Dividends
V.
—
.
..
,
declared
1,189
20,089
15,745
29,600
15,000
'r~ in'W
$834,606
$685,075
gold debentures-
287,192
288,175
;
Interest
•»
5>/2 %
on
Net
(no
taxes
■«.
1.
The
similar
were
as
Dec.
31,
stock,
follows:
a
cents per share on the
of record June 13.
A
last.
Payments in 1941
March 31, June 30 and Sept. 30, 25 cents each, and
payable
distribution
was
aij. -rr
—■ J ■ .!< I I
19,304
21,452
:
income
Note—Net
for
income
$525^962
■
-
$3*77,595
for the year ended Dec. 31, 1941, represents:
months ended Oct.; 31, 1941, carried to earned
the 10
surplus (deficit), $374,954;
31, 1941, carried to earned
Balance Sheet,
Assets—Total
tures,
Shops, Inc.—25-Cent Dividend—
directors have declared a dividend of 25
common
profits tax pay.)
income
$251,543;
Bake
exc.
charges
cash,
holders
June
30
to
made
on
March
31,
year-end of 80 cents.—V. 154, p. 1263.
:
$27,083;
and
advances, $19,533,247;
$2,111,280;
due
from
total,
..Liabilities—Common
$10,953,588;
net income for the two months ended Dec.
surplus since Oct. 31, 1941, $151,009.{"
Dec. 31, 1941 (Corporation only)
investments
miscellaneous accounts
Federal
247,710
81
taxes
Miscellaneous
$121,841
5,000
$11,558
$964,719
259,458
1
$11,593
accruals; ;'
income
$1,143,833
depreciation
for
Federal income
Net
Gross
J—-———
and miscellaneous expenses—
Provision
197,058
$120,134
19,839
revenues—
6,339.
•
.
'
53,176
—;
Y;
$976,634
Interest from
tLoss.—V. 154, p. 654.
Co.—Earnings—
$88,399
Taxes
Balance
$680,599
4,388
by- directors
$126,713
$0.63
1942—Month—1941
—
oper.
1940
$1,014,123
consolidated
1942—6 MOS.—1941
t$34,465
NIL
$135,531
not
cos.
$1,018,510
-Earnings—
1942—3 Mos.—1941
revenues
con¬
(Corporation only)
subsidiary companies consol
2,048,734
share
com.
the
1941.
Statement of Income
Less:
31—^
$1,512,810
in
4.406,313
4,436,587
income-
included
not
Years Ended Dec. 31—
18,417,162
23,623,494
29,231,883
51,196
4,953
16,921
Net
2,394,768
157,849
1,629,418
figures shown above have been adjusted by omitting
those
Dividends from
follows:
months
the
85,178
Natural Gas
purchased
its subsidiaries for
t,-;' Net; earnings'
Other Income
$6,445,535
1,701,415
Maintenance
;
additional
share,
shares
Southern
were
Service
Water
Retirement of
Consolidated
income
Public Service Co., before allowing for
preferred
,fxc?s? of lts Preferred dividend requirements
vestments
shares
of
234,868
per
$17,745,425 $15,585,731
7,700,679
6,519,000
Provision for tiepr. and retire,.and replacements
1,844,499 ^ 1,677,043
Taxes2,375,840
2,346,666
the
estimated
an
profits tax to provide for anticipated increased
o^4o2'„$482>666 and
and
$5,250,861
$1.25
existing law. The amounts shown
$2,807,854
earned
surplus..——
$4,657,604
stock.—
common
1, for normal tax
/or
70%
taxes
1942,
stock
common
•Accruals for
45 h
543,882
company—
on
Balance for
-
of
these
Water' Service Co.—On" Feb. ' 7,
BE1EI1C6
■f.
Of
Comparative Statement of Consolidated Income
the
1940
——
Operating
Operation
;
•.
corporation acquired through the merger of Utility
Operators Co; $2,000 of Its 5&% gold debentures due May 1, 1954:
Bergen
$6,617,674
Fall River Gas Works
326,275
$5,201,485
JIK)
Service
of 1,409,212
Operation
1941
Period Ended March 31-
$5,577,137
^
-
at
time
Operating
$8,754,703
Non-oper. income, net—
$5,685,797
v
In addition the
155, p. 1407.
•After
56,760
to
bonds,
purchased
the
$10,628,982
railway
railway
Earnings per
102,726
offered
Co.
:?
of $12.50
purchases
the
1—~
Period End. Jan.
186,363
54,237
118,124
sources
Total
——Yi—_:
Expenses and taxes
a
Gas
>
stockholders
price
outstanding long-term
or
common
31,
"
^Earnings of
to
a
stockholders
obtained -from
purchases
the
such
of
above:
-Yy.—Y-
:
Earnings from other
remainder
•
Years Ended Dec. 31—
Eureka Vacuum Cleaner Co.-
7,574
Brook
John
the
stock
mon
burdens
tax
was,
railway
operat. income.
from
a
"
Interest
succeed
authorized
railway
Jan.
Net
19,493
Natural
—
Earnings from sub.,
:
15
from
•Net
tBalance applicable
Amortization
April
from
ry.
$5,243,206
27,701
quarterly
the
sale of
Virginia
to
poration
said that if New Jersey legisla¬
1942'
from
Net
—V.
thinks
for
first mortgage pipe line shUclng
1941, at 10VA%
$2,935,850.
149,690
fund
the
Purchase
1,383,411
Amount applicable to minority Interests--—
>'■
to
March—
Net
Cumul.
paid
series due 1966 at 104.375
principal amount plus, accrued interest,
v
*
[Including Chicago & Erie RR.]
2,886,562
Southern
$4,467,100.
sold
Earnings for March and Year to Date
$9,513,179
1941,
be
-
From
—-l-- i
Balance
Dividends
management
developments not presently foreseen.
RR., and Erie Terminals RR.
Gross
Balance
of
Northwestern
?
railroads
bonds.
$1,448,815 $17,163,492 $17,261,309
20,393
24,522
168,733
The
mortgage bonds of a new 3% %
excess
reorganized,
as
name
per
being
auction
sinking
West
dividends
granted to the Erie, as reorganized, to assume
obligation and liability in respect of (a» $2,960,000 New York, Lake
Erie & Western Docks & Improvement Co. first mortgage 5%
bonds,
and tb) $7,500,000 of the Long Dock Co. consolidated mortgage 3%%
6,082,761
$1,455,330
these
were
director
Authority also
2,934,518
545,015
situation
yet.
If
consider
•
6,375,350
604,405
•
.
tax
Federal
and
as
the
of
that
a
the"
such
rate.can
$13,000,000 of
Public
The
redeem
to
have
County RR., Bergen & Dundee RR., Docks Connecting Ry., Long Dock
Co.,
New York,
Lake Erie
& Western; Docks & Improvement
Co.,
Newark & Hudson RR., Paterson, Newark & New York RR., Penhorn
3,847,285
562,663
.
871,434
-
Other income,
321,803
567,067
_
$65,598,560 $57,478,871
24,009,9^8
20,977,649
>
stockholders
the
•
Erie
1942—12 Mos.—1941
2,177,497
—»
>
that
fact
the
Acquisition of Subsidiaries Authorized—
;
Subs.)—Earnings--*
$6,060,545
revenues
Operation
to
Vice President,
relieve
computation
elected,
was
Corp.,
Federal Water
<
The' funds
dividends for years," said Mr. Woodruff, "but
Jersey
considered
railroads
.
1942—Monthr-1941
alive
Chesapeake & Ohio Ry., resigned.
For February, 1942, $33,655; February, "1941, $15,117.
For 12 months,
,1942, $269,406; 12 months, 1941, $28,579.—V, 155, p. 1510.
Engineers. Public, Service Co; (&
*
•
K. Thompson,
the
Service
assumed
follows:
as
sale
balance
public
the
to
,
of
Period Ended Jan. 31—
President/ said at the annual meeting
profits would be disturbed like some
reorganized through bankruptcy. ■ " •
YMr. Woodruff estimated that the-company's net' Income in March
was about $1,000,000.
/
John W. Stedman, Vice President of the Prudential Insurance Co.,
•45%
*;.
New
to
20,
$10
and $1,400,000
102.9%. plus interest,
n
common
,
intended
this
adverse
interest,
directors of
divi¬
the
of
payment
not
other
35%. for normal tax and surtax and estimated step rates of
to 70%- for excess profits tax to provide for anticipated increased
taxes over existing law.
The amounts shown above for Federal income
taxes include provision for estimated excess profits taxes' as follows:
rate
situation,
the
upheld by the Court, this company would be liable to about
$3,500,000 in tax penalties.
He said also that he had not yet learned
from the Bureau of Internal Revenue whether the company's tax basis
was
but
right to subscribe to
at
such
Western. New
*
stock."
John
.
47,700
.
..
the
share.
a
than
are
the. <sale of
of
at
gage
and when these tax matters
the directors will
the payment of dividends on
stock; and the certificates of beneficial interest in com-;
settled,
mon
Balance
/
tax
considered
'
are
common
any
the
been
the' common
amortiza¬
(public)
Balance
of
not
tion
s
State
and
not
Woodruff,
directors
because
>13,025
have
E.
April 14.*
on
"The
are
Balance
Interest
Federal
Railroad
Robert
not received
v
the
'
dends,
reclassification
Corp. and American-Yugoslav
these securities resulted in a saving in income
$227,000 as the loss resulting from such sale offset the .profit
previously obtained during the year upon redemption by Southern.
Natural Gas Co. of its adjustment mortgage bonds of which Federal
Water & Gas Corp, owned $2,948,500.
to
Y-193,153
Depreciation
The
Water
taxes of
Erie RR.—Common Dividend Outlook-—New Director
$3,443,577
127,440
1941.
securities of International Public Service
.
Maintenance
be¬
Corporation
stockholders
cents
refunding
By
the
sold
1942—12 Mos—1941
$301,116
31,
Federal
corporation
Corp.
to
less
Scranton-Spring
A total of $61,000 of first mortgage "gold bonds dated April 1, 1922,
have been called for redemption as of May 1, 1942, at 100 and interest.
Payment will be made at the Detroit Trust Co., trustee, Detroit, Mich.
accounts.
of
earnings of this company and
English Lumber Co.—Bonds Called—
as
which
$454,332 to $399,349 because of increased income taxes.
Earnings for Period Ended Feb. 28
'
Operating
10
stock
Electric Co.
depreciation, the com¬
months ended Jan. 31 (1941—$5,915)
and trucks and assigned such depre¬
automobiles
on
other
to
amount
Gas
there
International
Total
Oct.
corporation.
$415,616
requirements.
Balance applicable to. El Paso Elec. Co. (Del.)
of
surplus
-V. 155, p.
;
■
aid
and
$465,659
67,501
in
corporation,
Utility Operators Co.
surviving
purchased by the minority
1,050,657
85,388
.
such
proceeds
300,421
retirements
-
——
.
&
after
and
(3) By the subsequent sale
shares of its common stock at
520,000
211,367"
construction
—
.
this
secured
10,700,000
———Yv 5,016,102
-
—————
were
(2) By the, sale privately to certain banks, of $4,500,000 of Its un¬
2%% serial notes due May 1, 1942-1947, at par.
'
■«"
,
360,205
1,517,434
,-88,661
506,562
4725,272
common.
of
_.
1,804,782
3,497,212
267,552
„:
certain
additions^
such
fund bonds, 3V4% series due 1956, dated as of
April 1,
of the principal;.amount.
■*
...
,
"
$1,479,700
$1,479,700
stock
common
of
stockholders
(1)
Liabilities—
370.924
plan
merger
Corp.
the
was
at. not
common
.$31,121,801 $27,965,372
....
whether
see
of
properties
enlargements of
an additional 484,379.shares
share. 482,374 shares of such stock w.ere
subscribed for, the proceeds of such sale to Southern Natural
Gate Co.
being : $4,823,740.
1
''
% '■■'
On June 11, 1941, Southern Natural Gas Co.
refunded its outstand¬
ing long-term debt, amounting to $17,562,523, and secured
the^funds
15,800
25,967
to
dispose
gas
and
important
or
the
Gas
Financing—On Jan.
of
299,621
securities—
by
&
dividends
as
amount
its
177,637
361,729
...
to
additional
extensions
the
earned
money
1942, unless
for
1,354,937
245,502
143,643
18,771
—
Reacquired
$3,405,602
1,528,555
30,660
Maintenance
Federal
$4,054,212
.
the
687,852
34,137
debits
corporation
Oct.
Water
dividends
of
13,290
806,643
254,190
receivable
Federal
15.464
3,078
Accounts
<•
Y $327,124
122,811
18,630
$368,864
revenues
;
727,758
;
16,378
Materials
1942—12 Mos.—1941'
1942—Month—1941
Period End. Jan. 31—
Operating
Operation
from
Corp.
——————
Cash
part:
is now in a position to
proportion of its current
net earnings as its directors
may consider wise and prudent.
Corpora¬
tion declared and
paid on Jan. 9, 1942, the first of such dividends in
•
1941
acquire
reclassification
on
accomplished
disburse
•,/.:';ii
1942
-
this
to
necessary
the
Water
of
73,287
Comparative Consolidated Balance Sheet; Feb. 28
Prepayments
4
of
Service
708,171
pipe lines and equipment—— $25,866,352 $23 ,403,713
-Investment -and"fund accounts
3,000,546
2 ,598,269
El Paso Electric Co. (Texas) -^Earnings—
•
was
Plant, properties,
liability for gxcess
Company does not consider thqt it has any
profits taxes.—V. 155, p., 1509,
$2,209,282
856,296
267,912
68,935
of
priorities for
effective
holders
83,472
in
31, 1941, and which resulted, among 'other ; '~
things, in the elimination of the surplus deficit of the corporation and
the placing of the corporation in a
position to pay dividends to stock¬
common
''Assets—
$346*196
171,048
■
$181,313
•
•The
for
inc. tax & surtax
•Federal
.:---c-.24,569
>
111,425
requirements—J—
common
♦Fed,
$390,200
$292,738
dividend
sufficiently
came
103,579
;
states
in
Federal
'Y.-2.522'-Y^ 3,663
'
—_
Preferred
8,632
$190,070
154, p. 1191.,;.,^;
to entitle the companies to
required supplies and equipment,1'1"- • v
Reclassification Plan—The most
important happening in 1941, from
the viewpoint of the
corporation and of its stockholders, was the5,con¬
$2,312,861
8,632
dividends and surp.
17,732
-
Balance
*
16,238
-u.
'Balance
'
$329,230
—
Expenses:
'
47,700
•••
——
/
$2,224,677
103,579
$236,475
President,
The plans
properties and
water
were
$342,500
——y
—.—
———.
revenue
^Federal income taxes —ui——~—Y
Y
income
Pref, stock div. require.
subsidiary companies:
Miscellaneous
•
Y Net
Chenery,
change.
a
its
the necessary
v.;;
39,856
T.
abeyance and all plans for
•the ..existing system were re-examined
$2,723,375
377,167
$223,274 ' $2,682,077
$271,256
previous payment.
was the first since 1931.—V.
Christopher
placed
Gross income
and
summation
1941
from
The
j.
Earnings for 12 Months Ended Feb. 28
Revenue
1.
With the entry of the United States into the war on Dec.
8, 1941,
the nature of the problems
affecting this and other corporations under-,
53,400
,
:
%
a quarterly dividend
of 25 chits'payable June 15 to holders of record
50 cents on Dec. 15, was the only one
stock,
Federal Water & Gas Corp.—Annual
Report—
•
Interest
Balance
last year,
common
718,073
99,524
Y
June
the
on
"
"
$155,168
dividend -requirements——
1,841,964
*
785,983
65,387"
$280,614
oper. revenues—.
share
per
'167,505
289,449
Works—Quarterly of 25 Cents—
l^The-directors 'on:April 22 declared
$6,459,082
1,848,978
24,542,
.
Y
151,514
Explor. & develop. cost_
Other
*
$6,910,385
-
$332,178
$290,376
Preferred
15,265
Federal Screw
-
1942—12 MOS.—1941
156,430
156,882
*88,583'
•
13.046
17,663
Expenses—
income
—LY-——_
Y——
Deprec., prov: for retir.
"Taxes '_Y'Y_ Y Y_ YY "■
i,80£
•
——
■
;
.
-Earnings—y
$583,009
$692,858
Maintenance!
—_
(& Subs.)-
1942—Month—1941-
revenues—.
Operation
$323,750
^
notes
Interest—-dema,ndYnotes_____—_._—
'Miscellaneous'"revenue
Federal
Period Ended Feb. 28—.
'
companies:
subsidiary
Interest—income
1941*fY
,
1677
subsidiary
and
$14,410;
$21,938,808.
stock
($5
par),
$4,910,154;
paid-in
surplus,
surplus since Oct. 31, 1941, $52,806; 5V2% gold
1954, $5,220,000; accounts payable, $792; due to
directors
of
constituent companies,
$313,190; accrued
earned
debentures, series due
officers
special funds,
companies,
receivable, etc., $1,246; office furniture and fix¬
items, $168,813; reserves, $319,463; total,
$21,938,808.
"
fV
•
Consolidated Balance Sheet, Dec. 31,
Assets—
1
'
■.
...1
consolidated)
15)41 (Incl. subs,
$86,851,627
plant and equipment, incl. intangibles—
Property,
utility
Accrued
Materials
«
Debt discount and
I*
_
— **• MM
'<**•
•*
m
397,693
Total
*
stock..-.™—-.!:.!—;
and expense on capital
Commission
45,852,983
banks——~375,000
___ > 1,476,008
payable
Customers'
Accrued
—i.
liabilities
Deferred
liabilities
Other
reserves
Exchange
and
(
$932,781
Interest
364,003
12,622
109,655
158,645
3,615
61,520
51,320
8,821
-
debt
of
expense
'
*
2261
ized
of a suit filed five years ago by three minority stockholders,
Charles Schiff, all of
-City>?/>.y;'#■'^J V
While Judge Leibeirruled that the bonuses could not be Considered-,
excessive in view of the keen competition in the automobile industry,
he said the methods or Calculation were In error155, p, 1599. ■->
outcome
y-y: 2,844
29,337
to withdraw an application to purchase stock of a
Federal Water had sought authority for the purchase prior
to Dec. 31, 1942, of. all or any part of a maximum of 45,000 shares of
common stock of Southern Natural Gas Co., a subsidiary,
in the open
market, at a price not to exceed $12.50 a share. ■
155,
$642,979
$23,917
$42,033
Net income
.
—V.
' >$357,968
subsidiary.
Authorized to Purchase Debentures—
1
of corporation to purchase
from time to
1942, all or any part of a
minimum of $400,000 of its 5% % gold debentures, due May 1,
1954,
in the open market at prices not to exceed the call price in effect at
the time of purchase.—V. 155, p. 1407.
v
- > lt
,
The
approved an application
time but prior to Dec. 31,
has
SEC
—Rates Increased—.
'
-
-
.
>,
According to an Associated Press dispatch the corporation recently
that nine of its 19 associate newspapers would increase
General Telephone Cor p.—New Directors, Etc.—Traffic
;
announced
Operating
Oper.
*
*
__
6,097,020
153,582
146,470
■>; 888,136
'
559,089
412,032
•Federal income taxestaxes
$16,112,167
6,730,994
2,013,346
exclud.
584,426
89,041
———
Property retire, reserve
appropriations
'
"
1,107,337
956,144
1,950,000
1,875,000
$5,752,607
$6,076,666
158,333
175,000 /'
Personnel, etc.
Gar Wood Industries, Inc.—Changes in
,
1942—12 Mos.—1941
$1,834,294 $17,335,083
$1,821,035
revenues
expenses,
taxes
direct
Other
Co.—Earnings—
1942—Month—1941
the directors the board was increased from
five to seven members.
'
•;' " ~
k" 1 >
1
Garfield A. Wood, formerly President, was elected Chairman of the
At the annual meeting of
Board, and Glen A Bassett, former
President.; ,, John J. Bergen
oper.
Rent
plant
of
lease
fr.
i——i-—* >
(net)
$816,820
$560,536
;;
revenues-
220
1,671
2,650
$817,040
$5,754,278
$6,079,316
|
y
Four new directors elected are *s follows:
Ralph 8. Jenkins, Viceand General Manager of the company; Francis A. Callery,
in charge of finance of Consolidated Aircraft Corp.;
Carroll E. Gray, President and Chairman of the Board of Burr & Co., :
y
Inc., and director of several
Interest
on
Interest
on
Other
Int.
int.
>.
mtge. bonds
deb. bondsand deducts.
*
216,667
110,000
>
■
515,877
489,972
$6,270,155
2,600,000
$6,569,288
2,600,000
.1,320,000
1,320,000
381,405
110,000
18,217
29,616
v
222,389
Cr202
Cr54,344
Cr48,742
$540,074
applicable to preferred stocks——
$2,023,094
1,153,008
$870,086
Dividends
$204,820/'
>
income
for Federal taxes of $89,089 for the current
the 12 months ended March 31, 1942, additional
required under the Revenue Act of 1941/—V. 155,
provisions
■"Includes
month and $176,083 for
the
to
amounts
Food
Food Fair Stores, inc.1 (formerly Union Premier
Stores, Inc.)—Sales Again Higher—
K"
—————
V.
155,
p.
>Z!r
-
*
>
50%.
No provision made, for Fed-"
is anticipated at this time that the
will not be subject to such taxes.—V,' 155, p. 1407. " 1 •
""Taxes estimated
be
the
at
profits
excess
company
„
'
Income, after
Federal
eral
taxes,
rate
of
it
as
Georgia & Florida- RR^—Earnings-^.
revenues
$26,250
$32,900
___
1941
$500,920 ?,* # $372,011
General Electric Co. — War Production
Greater Than for Entire World War—
,
New York Stock Exchange has authorized the listing (but not
to dealings until further notice) of 100,308 shares of
admitted
> for
of
shares
preferred stock.
•
directors approved
$7
■
'
common
1942,
26,
Jan.
stock
each
for
share of
a
the present preferred
stock surren-
The right to exchange will expire on June 25, 1942, unless
extended by the directors.
, '
,
,
exchange of each share of present preferred stock with
accumulated dividend arrears, for six shares of prior preferred stock,
and two shares of common stock $70 dollars will be transferred to
capital from earned surplus.
> dered.
.
"
; the time is
'
Upon the
"
"This company
than
conflict
plan of recapitalization,
approved by stockholders April 9, 1942, creating a new issue of 100,308
shares of 6% cumulative prior preferred stock, and eliminating 1,100
shares of preferred stock heretofore surrendered for cancellation.
>■'
The
plan provides for the voluntary exchange of the present $7
(no par) preferred stock with $49 accumulated dividends on the basis
of six new 6% cumulative prior preferred shares and two shares of
On
*
Already
everything that we now make is for war, and every prac¬
ticable means is being employed to increase production still further.
This will not be difficult if every employee" can be made to see his
personal stake in the war.
>',;>•■>>>'>
^■;yyyy:\-:yyyy"i;';''y*yy
"To our already vastly expanded facilities are beihg added five new
Years Ended Dec. 31
Income Account,
-■
:
Cost
sales
of
—
new
sales—
—
'
Belling,
general
admin,
&
Net
2,000,925
1,744,479
1,545,379
$3,578,586
$1,825,623
$107,835
expenses
profit from sales./.
the
production began many months ago, and is practically com¬
planning
Proper
minimum
a
the
has speeded the change-over and is keeping
unemployment that might normally be
temporary
planned that we hope to make
losing a day's pay.
In the
plant devoted to this work has been so
change-over
without
an
employee
plant, where cabinets are made, the problem is more intricate,
but even there the dislocation will be at a minimum and comparatively
smaller
378,642
155,159
82,038
$3,957,228
$1,980,782
$189,873
the
impact on these as
134,225
62,264
75,251
ing
the
Federal taxes.
$3,823,002
•2,400,000
$1,918,517
•915,000
$114,620
Provision for Federal income tax-
$1,423,002
$1,003,517
$98,620
income
Other
__:
Gross
Total
income
income
income
Net
income
Net
♦Includes
_
deductions
regular employees will lose time.
It is planned to relieve
much a3 possible by permitting vacations dur¬
conversion for .employees who cannot be placed immediately.
All refrigerators now being made are to be distributed as the Govern¬
ment directs, with most going to war housing projects."
before
—:
.___
profits
excess
Assets—Cash,
Sheet, Dec. 31, 1941
on
trade notes and accounts receivable (after
other accounts and notes receivable, $144,559;
accrued interest
$683,317;
$5,103,260;
receivable, $178;, inventories, $5,585,306; deposits on material purchase
contracts, $172,749; cash in bank in London, England (subject to ex¬
change
restrictions),
investments,
$236,000;
$787,514;
deposits
with
(net), $3,392,816;
deferred charges, $100,640; patents and license agreements purchased—
amortized value,
$9,767; goodwill and developed patents, $1; total,
mutual fire insurance companies, $40,129; fixed assets
$16,270,890.
Liabilities—Notes
accrued
194,381;
accrued
tomers
609,538;
costs
on
on
payable to banks,
commissions,
$600,000;
accounts payable.
$2.-
wages and expenses, $456,999;
$229,299; advance payments by cus¬
taxes,
billed contracts,
$1,$2,433,913;
uncompleted contracts, in excess of accumulated costs,
accrued Federal income
and excess profits taxes,
preferred dividend payable Jan. 2, 1942, $29,257; $7 preferred stock
(16,718 shares, no par), $1,671,800; common stock (par $10), $2,581,800;
capital surplus. $1,962,149; earned surplus, $2,501,754;
—V.
155,
p.
1599.
.
—
billion
a
dollars'
confidently expects to produce approxi¬
worth
of
diversified
highly
materials
war
1942, Charles E. Wilson, President of the companv, announced
April 21 at the annual stockholders' meeting.
That this goal may
during
(marketable)—at cost, less reserve, $14,653;
securities
Expects Billion Dollars War Production in 1942—
General Electric management
mately
taxes.
Balance
reserves),
16,000
the
of
few
1
total, $16,270,890.
be achieved is indicated by the fact that''last month's
Tat an annual rate of $860,000,000.
This performance,
pointed out, has been achieved without the benefit of new
not yet in operation and without complete use of recently
reasonably
'output
Mr.
was
Wilson
plants
facilities.
added
"We
have
made 'it
i-
clear
in
various
.•
public' statements
past 18 months that General Electric has no intention
on
war
business," Mr. Wilson told stockholders, "but
*
.....
during
the
of profiteering
desires
only the assurance that its capital will not be impaired by reason
of
its adherence to the policy of
all-out production.
This is our
basic policy.
The company has declared to the Government its will¬
ingness, to renegotiate any contract for war equipment just as soon
as actual
costs are known ,and in the event that these provide other
than
Mr.
reasonable profit." ,
Wilson advised stockholders
.
that
.
any.
rather
■
.
report of
but
plants had either been added or wefe now
disclose their size or location. -
did not
•
*
*
*'
>
-
* *
r
Co.—rNew. Director—
.
>
"
E.
Dodge
•'
v
*
of New York;
vi
,\r: W::^.
& ^
from. railway-..-
Net
from
ry
XOI*:-.'1
$2,290,000
ry..operat. income-
From Jatti It
«
from railway—;
Gross
Net
1941
1942
.•
,
railway—/ 420,992
from
railway
operat.
Income-
^-v. 155, p. 1311.
206,352
?
$2,717,190
f 985,556
>
711,647.
,
6,808.000
.1,230,184
576,685
7,413,247
2,390,667
1,637,247
.
1940
t.i'A0XV"
:(-C\ i I
1939
IV j,
$2,141,083
563,794
$1,883,944
353,698
346,875
159,948
- ..*..•>.••» --.
6,286,383. 5,395.722
1,556,279
940,331
912,997
•
340,251
.
>>
Greenfield Tap & Die Corp.—$3
.
>
The
directors
have
Preferred Dividend—
declared a dividend of $3 per share on the
$6
stock, no par value, payable June 25 to holders of record
June
15.
Distributions of $1.50 each were made on -this issue on
May 26, July 30, Sept. 30 and Nov. 25, 1941.
Dividends are cumulative
only to the extent earned.—V. 154, p. 1492. .
^
r ..r
preferred
Great Lakes Utilities
Co.—Plan Approved by Court—
H. Kirkpatrick of the U. S. District Court at Phila¬
delphia approved the voluntary plan of the company, a holding com¬
pany to liquidate because it was unable to meet requirements of the
Holding Company Act of 1935 to integrate its ten gas subsidiaries into
one system.
These subsidiaries are located in Michigan, Illinois, Iowa,
Virginia
Ohio and South Dakota/ It has sold or contracted to sell
'five of the subsidiaries and N. H. Gellert, its president, says he hopes
to dispose of the others within a year or two.
;
Under
the plan the maturity date of $1,582,000 first lien 5(6 %
collateral trust' gold bonds of the company is extended for a yeaf
from May 1 next with a proviso for an additional year's extension of
liquidation of the company is not completed within one year.
Thomas Reath, counsel for the company, told Judge Kirkpatrick that
upwards of $1,000,000. in cash will be available within two weeks from
the sale of some of the subsidiaries and will be used to pay bondholders
about 60% of their holdings.
,>
>">!■''
Mr. Gellert expressed the hope that with the disposal of the main
properties not only the bondholders would be paid in full but that
something would be left over for the holders of 151,431 shares of $1
Judge William
•
.
.par common stock
The company's
of the company.
.
was approved by. SEC which. Joined with the
court to give its approval as required by
See also Michigan Consolidated Gas Co.
plan
in petitioning the
the Holding Company Act.
—V. 155, p. 1511.; ' '
company
1
Grumman
>>/
'
:;;
..
;
Aircraft Engineering Corp.—Awarded Navy
.
management's
Stewardship today must be examined and criticized in the light, of the
all-out war production
program.
He said that since Pearl Harbor
five new
1 j
Net
Net
largest
$500,000—
The. majority
Electric.
expected from such a drastic change. :
.
.
..
, ■.
>
The conversion of refrigerator manufacturing facilities in our largest
the
1
have
March-
Gross
yy
<
at
$24,286,104 $18,016,912 $11,128,991
18,706,593
14,446,810 f 9.475,777
'
number of employees in the history of
work more than 40 hours a week;
some
of them work 60 hours.
The average for our largest plant Is
47.7 hours a week per worker. - * ?./>"'
"Conversion of certain of our plant facilities from peace-time to
"We
General
plete.
1939
1940
1941
.
'.'Gross
'J t*
,
production.
i
Grand Trunk Western BR.—Edmings'•
,
plants on which work has started since Pearl Harbor.
Men and women
are now being trained to staff
these plants the day that they can go
war-time
V
has produced already more war goods for the present
out during the entire first World War," said
Virtually
into
>
Vice-President and a director of
elected a director of the B. F. Goodrich
Co. to fill the vacancy created- by the resignation of Arthur B. Newr >
hall, following his recent appointment as Coordinator for Rubber of
the War Production* Board.
I
;
Mr. Newhall tendered his resignation as a director of the B. F. Good¬
rich Co. and as a member * ofits executive Committee to take effect
immediately,«-V» 155,*p;- 1599; > "
- > *< ' **
turned
it
151, p. 2044.
Cleveland
Wilson. President, in a statement April 16.
Charles E.
com¬
Phelps Dodge Corp., has been
Authorized—
cumulative prior preferred stock ($25 par), and 33,436 additional
shares of common stock, upon official notice of issuance in exchange
for the
company
.i-j. (B* :F»> Goodrich
1942'
1941'
•
The
V,
6%
■J/V
Golden State Co., Ltd.—Borrows
'
1942
demand
has borrowed; $500,009 from the Bank of " America
N. T. & §• A.. ; The; company, has issued four promissory botes for
$50,000, each bearing 3^ \ interest; and payable March 15, ,1943, r to
1946, inclusive, and a $300,000 note payable March 15, 1947, carrying
the same interest.
Net proceeds of the five unsecured promissory notes
will
be
used for current working capital.
The company *has- paid
off
two
notes aggregating* $100,000 "of another series,
reducing the
amount - outstanding pri, that loan to $900,000 ftft of April I, 1942.—
-
A
the
to
fV;: 155, p. ?. 1511.
/
r
due
that
*
>,
,
-Earnings^—
„
<
type of machine,-' construction has started on an additional
.plant.-; This plant will be built,- equipped and financed under a
Government "DPC'> contract, which provides for Giddings & Lewis's
operation of the plant on a rental basis for the emergency. /.Present
schedule calls for operations to start in the new plant by June;—
■
'y.SS rM
-
pany's
directors.^
elected
were
$5,775,735,
at
securities.,
days a week.
<
Mr. Kraut also announced
,>■'
;].?■'
28^42 Mch;i9,^4l
.iron'
id
•••'
H4depreciation________?.l_^-ir ,';, $739,018 ; -$322,713
taxes_rv._—•
♦344,467* >
225,899
share on 1,578,697 common shares V>
$0.11->:>;: $0.03
13 Weeks End.—
Net
Net? after
Operating
The
*
Co.
Period—
Foster Wheeler Corp.—Listing
to
Morgenthau,
Treasury
compared with 73 for last year/
There'are'76 stores nowln operation,
,v
the
of
1407.
listed
assets
Government
seven
the
General Baking
«-V. 155, p. 1599.
I
of
meeting
a
Secretary
by
1942—4 Wks.—1941 ! 1942—16 Wks.—1941 ;
$3,060,703
$2,462,807 $12,995,088 $9,894,116
Period End. Apr. 16—
Sales
,
stockholders on April 14, the ^company's by¬
laws were amended to provide for a board of directors of four per¬
sons.
Robert E. McConnell, A. E. Marshall, George M; Moffett and
Robert E. Wilson, who had been appointed managers of the company
At
Earnings per
^>>>; >>;::-y}:y;yLrC^
p.f 1599^, ■
^
*s
•
current
and
'
Balance
•
'
General Aniline & Film Corp.—Board of Directors—
$1,322,633
construct.
to
revealed a
of which $2,195,868 was in
yy.yyyyyy^jyi■>>.
H. B. Kraut, President, in commenting on the capacity operations
of Giddings .& Lewis, > said
that the backlog of orders had reached
$18,333,478 and that the* plant was .operating three . shifts a day,
with
cash
industrial corporations, and A. W. Herring- •
reelected ns director^.—V. 155, p. 1407.
$2,475,641
1,153,008
chgd.
Net
$884,756
216,667
$561,103
income—
Gross
1
67,716
'
> >164,740 >
.
$0.55 >
strong flhanciai positiorf,
The balance Sheet at March* 31
t
President and Chairman of the Board of Marmon-Herrington Co.,
Garfield A. Wood, Glen A. Bassett and John J. Bergen were
Inc.
•
1941
*
$4,121,611J $1,199,331 *
J
1
'
1943
.
.
N«t earnings ;aftejf?estimated Federal ?t$X6s-*i> >> 327.977
.Earnings per common share_-____i__>_—$9.76
Vice-President
ton,
Operating income— > $560,536
Other, income (net>->-L .>>';> 567
31—^
3 Mos. End. Mar.
Sales
.
President
Net
Co.—Earnings—--
Giddings & Lewis Machine Tool
of
Chairman
made
was
•
>
John J. Bergen & Co., Ltd.,
of the executive committee, and
Edward Boehm, formerly Vice-President, has been made Treasurer.
Vice-President,
HaroldV.* Bozell, President, at the annual meeting stated that-while
he expected the company's business to continue to grow further .in¬
creased traffic .will be at a slower rate than heretofore because the
installation of new telephones will be directly related to the role which
they play in the country's war effort.
Mr. Bozell added that the com¬
pany's rate of growth now is less than it was at this time last year.
Stockholders approved a proposal to increase the company's board
of directors from seven
to nine, and elected G. Herbert Semler and
Russell*B. Stearns to the newly-created posts.—V. 155, p. 1599.
^
,
Vice-President and» Treasurer, was
elected
'
Gains to be at Slower Rate*--
daily and Weekly circulation rates, effective April 20.'Single copies in all cases were to be raised from^thrCe' to * four
cents, and the former weekly rate which,
with one' exception, was
18 cents, will variously increase from two to six cents.
The exception is the Eimira "Advertiser," whose former 15-c'ent price
becomes 20 cents.—V. 155, p. 1309.
'
*
'
1,
*
Florida Power & Light
Period Ended Mar. 31—
Y.
N.
1213.
p.
Augusta Winkelman, Daniel Hirshman and
Mrs.
'
corporation
Chairman; Donaldson Brown, Junius S. Morgan, George
D. Mooney, Albert Bradley, John Thomas Smith and ,
:
>/
James
Judge Leibell also found that the defendants had made an unauthor¬
distribution of stock valued at $1,567,883.
His decision was the
;;
4,092
1,283
notes
Jr.,
Whitney,
Seward Prosser.
collateral &
on
.
Sloan
| $570,777
$40,380
Co.
equipment
approved a request
has
$934,780
'
>>
330,596
v
bonds—Houston
on
Electric
Stock Withdrawn—
Commission
$1,174,087
..
$843,491
$56,229
(Gross income
Int.
29.JB13
.
Corp.—Repayments Ordered To Com¬
Court
{'; >1,999
Dr987
'
$69,994
30,903
—,—
"
Amort,
Securities
$1,175,074
.
,
$87,132
depr.
bef.
inc.
Gross
•
the
$69,941
53
,
r
Eight present, or f6rmer_executives of,the ;corporation wefe given, A
order April ll* to Reimburse the Corporation to the extent of •
$4,348,044, plus interest estimated at $2,222,000.
The decision was
handed
down
by Judge Vincent, L. Leibell in U. S. District Court.
The court found that
the defendants had improperly managed the
corporation's bonus funds and wasted corporate assets.
.
*
>
The defendants ordered to make the reimbursements were Alfred P.
r
■'
Rotors
155,
Federal taxes on income.—V.
pany—Judge Leibell Rules Eight Defendants Must Re¬
imburse Company--On Bonus Distributions—*, ; >
:,
'
545,474
-
43,881
>
70
(net)
Depreciation
15,867,760
3,471,826
——$99,908,063
Request to Purchase Subsidiary
The
~
General
>1,900,372
607,718
;
,
available for dividends--—--—™
10,329,774' 11,377,969
28,845,927 shares——$0.36 ;
$0.39
♦Including possible additional
r,-:t>
:
-
-
$87,061
depr.
inc. bef.
Other income
aid of construction———
Total.—
of
Profit
18,000,000
4,000,000
8,000,000
Earnings per share on
■
,
1942—12 Mos,—1941
2,189,472
43,889
78,767
ii.HHttHiuiiiiiTrMii'11.»
•
—_____302,046
436,977
__—
in
' 5 «
,
$4,621,002" $3,894,200
v152,223
—
Oper.
>,
$309,933
185,974
51,040
—.
Taxes
_____
________.i
reserves
Contributions
$402,843
i-_
Maintenance
2,183,637
—;.y
169,702
i___y_.™_-—319,560
Depreciation, retirements and replacements reserves-——
Property
'
—j.—-
—
current
Miscellaneous
revenues t—i
Operating
Operation
584,543
interest thereon___
and accrued
deposits
items
*:
'
1942—Month—1941
28—
Feb.
End.
Period
■
313,190
of constituent companies.—.-
Due to officers and directors
I
Galveston-Houston Co. (& Subs.)—Earnings—^
surplus
Consolidated earned
Accounts
"
,
.
$4,910,154
—10,953,588
surplus
242,423
Minority interest in common stopk and surplus
> 9,662,366
Preferred stocks of subs. &t minimum liquidation value
# 2,786,300
Paid-in
Long-term debt
Notes payable to
*
1
outstanding
Common stock
155, p. 156.
;>
considerably in excess-of a year ago. -
stated, adding that volume is
he
37,000,000
& excess profits taxes
33,377,069,*
contingencies-—
for
•Provision
2,181,876
55,329,774
for Federal income
Prov.
31,196,093
;
>1,965,422
(net)_r^-_-ii_--_
sources
income
The
.?v
v /■■■
Total
and
projects for the government or for contractors to the Government,
•
.Monday, April 27; -l942
>< x
53,364,352
;. ...Income from
Income from other
earnings
net
and
present indications were that this trend would continue;
major portion of the company's business is in plants
that
-
—V.
:' • ^■>
1
$99,908,063
.—
-
Liabilities—
216,497
;t>avi >->
V
,
(before taxes)
are
running considerably
ahead of a year ago, Edward J. Bienecke, * Chairman, told the stock¬
holders at the annual meeting held on April 14.
Mr. Bienecke stated %■
600,166
Premium, discount and expense—
deferred charges—
>HA
>>•>•
*AAv
Fuller Co.—Earnings Improve—
(George A.)
Gross
564,873
Miscellaneous
'
stock was
"1,442,653
119,693
etc._™_____ in process of amortization-
expense
April 24.
153,893
»•* 5*
i—
______—
insurance,
taxes,
Prepaid
______
revenues™
supplies
and
share
4,256,188
2,278,651
Cash
Accounts receivable—______
<.t*
directors have
on the common
The
3,026,129
special funds™.™—™_™__-__.
and
Investments
\
Comparative Statement- of Operations -First Quarter,- March 31;
Dividend. on
Stock—
V;':' :
.'V..
1942
'
1941 _
declared an initial dividend of 60 cents'-per
>-"Liy':"/'■■■■■' $
■ $
.
AA stock, payable May 1 to holders of record >" Orders received?,
i_—_ 299,120,000 257,382,000
The regular quarterly dividend of 15 cents on the common-A . Net sales?
190,861,108 129,860,707
also declared, payable on; the same datesA-V. '155, p. 540.
98,664,614
Costs, expenses and other charges__i/.li___—_ 137,496,756
Fuller Brush Go —Initial
;i
t
•" :
'
.
t
FINANCIAL CHRONICLE
THE COMMERCIAL &
1678
"
h
under construction,
••
The
lence
corporation on. April 16 was awarded the Navy "E" for
production in an impressive ceremony before high
and distinguished guests at the corporation's plant * in
excel*
Navy
in
Beth-
officials
page,
Long Island, N.
Y.—V. 154, p. 1630.
-■
*i
,
Gulf: States Utilities
"
THEvCOMMERCJAL. & FINANCIAL CHRONICLE
Number 4067j
Volume 155:
1
3 Mos. End; Mar; 31—
1942—12 Mos.—1941
1942—Morith—1941
PeriodEnd. Feb. 28—
'
?,
'315,132 '<
'Operation
Maintenance LC_!.iu.* _! '•".
133,450
193,000
taxes_!%-''
♦Federal income
1——
.Other taxes
" "
operat.
129.433
;
'
■
Other- income
!
829,081
$239-231
Dr 1,119
19,947
$3,126,362
$3,564,275
105,608
L
Balance
1,238,488
*
"Accruals
% rate
of
Net income !!;!.!__:! !
Prov. for U. 9. Fed; inc.
-taxes. &
for
35%
1942
Federal
normal
for
tor
to 70%
Canadian
income
and
tax
$773,003
166,355
214,724
$1,702,263
$1,302,906
$608,795 i;
$300,481
T
•
based on an estimated
and estimated step rates of
-[
,
See *
See
.See *
$465,513
a
$300,481
p.1600.
/
'
•
,
Yauck
$1.08
$1.17:
$0.63
.
ex?enses^V,-^155,
p. 825.
".
.
Net
v
traffic.
charge- of
'
>
.
'
"
.
.
'
.
Harbison-WalkerRefractoriesCo.
,
requirements under the anticipated new tax law$.|
•f Revised to^ adjust - Federal- taxes
tb the rates provided
,
Revenue Act of
^
t "
1941.
/
,
^
v
Smaller Dividend— :X
-
a
cents per
dividend' of
value
par
t
•
Operation
33,986
Maintenance
vv
;
.6,619
3,250
;
•
Net
revenues--.
oper.
vS.785;
$4,27«L
.
Non-oper. income, net— \ *
Balance
$1,270,441
499.235
499,235
483.945
483,945
75,929
112,373
125.118
$632,498
$712,857
$674,123
$625,421
;
for divs._! >
:
$5,261
.
Dodge &
Ended
Co.
and
Effective
.
;
the:
•
Retirement res. accruals
11,425
of
amount
Gross
income
Interest
charges
——
.
Iowa
10,227
$91,193
35,000
$94,325
$56*193
..
V.
•
-
155 p.
2,917.
■
.2,645
$2,920
$59,325
Southern Utilities
r
.
517
'
$2,849
#00$2,602::;t|i
;
■!
of Del.
Co.
"After
;
interest,
and
reserves
tAfter charges but before
estimated
Federal
Federal taxes. r
-
and
.,.45,000
23,314
Co.—Earhings-
254,324
213,605
83,086 '<
approp.
62,500
r
$6,567,177
"2,717,483
47,613
674,478
49.342 ! > 601,138
60,000
722,500
59,222
res.
1942—12 Mos;—1941
$7,012,305
2,543,215'
>
*
>180,947
:535,457
; V
665,000
125
1,898
$176,721
$214,543
$2,294,808
4,294
$2,638,172
$2,299,102
540,000
:
i 180,000
229,920
$2,644,878
643,500
180,000
27
321
$176,748
$214,864
mtge. bonds
45,000
deb.
on
on
int.
330
...
bonds_
15,000
deducts.
19,187
45,000
15,000
19,418
and
chgd. to
(Cr)
6,706
•
211,915
''iv
con¬
G04
Net income
'
4,386
; $v
i.
:':-
363
17,767
$98,165
$135,446 " "$1,366,949 ' $1,609,826
pref.; stocks for the periqd
Balance
.520,784
520,784
-
tIncludes
1941—12 Mos.—1940
1941—Month—1940
$4,592,158
1,965.378
1,913,242
18,950
18,200
289,875
47,300
556,974
557.484
for
Federal
months ended
taxes
Jan.
of
$15,000
for
the
1942, additional to
31,
current
the amount
for
retire.—_
40,000
40,000
480,000
$122,438
$1,367,317
3.893
Z)r61
$1,299,931
37,855
$108*151
$122,377
$1,337,786
$1,402,137
43,308
43,308
519,700
618,580
12,500
12,500
Kellett Autogiro Curp.—Sales
441,500
$104,258
.required under the Revenue Act of 1941.—V. 155, p. 89,
of
Other
income-—
;
]
Up 307%
1
^
'
*
Sales for the first quarter of 1942 amounted to $929,729, an increase
307%
over the same period
in 1941, when sales totaled $228,315.
Shipments during the last quarter 1941
34,819
<
„
$669,349.—V.
were
155, p, 1013.
:
Total net
Interest
1939
earnings—
on
/'bonds"
;
mortgage
r
other
on
Amort.-and
deductions
1942, the companv had net current assets of $2,762,000—
cash of SI.843.000 and inventories of $1354.000.
Funded debt has been
150,000
-
,
directors
have declared a participating dividend of $1.68 per
regular quarterly dividend of $1.50 per share on the
participating preferred stock, series A, both payable
June 1 to holders of record May 10.
On June 1, last year, a partici¬
pating dividend of 95 cents per share was paid.—V. 154, p. 245.
'
7,654
23.930
134,601
129,355
% $44,689
$42,639
$533,486
and
the
cumulative
150,018
de-
other
$304,183
———
Kendall Co.—Participating Dividend of $1.68—
The
share
fund.
^debt"W—
v
|
"
—
Interest
profits.
excess
provision
12
and
$1,089,042
147,450
64,026
month
$4,426,993
182,500
$846,165
*
and
On Feb. 28,
•
reduced
•
"
Net -Income!!-!!u.
on Oct.
1, 1938.
of the company's prior
outstanding
$4,339,000
from
$2,192,000
to
addition to acquisition of about 37%
; This is in
preferred stock, Mr, Tillinghast said.
•
,
!
v
.
The. company" Ls
expects
-
>
to
to
repair parts, and its saw division
it was stated.
*'
"
produce
■k excellent results;
continuing to
is
.
'
,
; -
show
'
Refunding Program Being Studied—
"M
directors
of
committee
finance
A
conferring
been
has
w
with iuvest-
call
:,
special
a
of stockholders, for
meeting
Dressel
L.
'
28—
Operating revenues
,
-
[ r>
^
; "
,.
Earn, per;com. shares
f
I;„
- -- —
,1942—12 Mos.—1941
»
$1,262,534
551*427;
7,923
106,610
14,429
177,188
$27,787
$427,309
$416,820
12,101
7,203
$89,396
-
:
;
retire,
res.
accruals
.
$36412
income (net)---!
a
122,267
V p.
:.
income
retire,
Retirement
$424,023
$27,458
$439,410
res. accruals
7,500
7,300
90,000
90,000
!;.!!!—
$134,041
$153,443
$1.50
155* p* ,1121,.
$1.27
826.
1942—Month—1941
*
$1,165,978Operating revenues^.,Operating expenses, ex485,116
v
eluding direct taxes- -,
•■Federal
taxes —!——
and
6,142,560
750
762
338
7,870
$20,532
$11,751
Net oper.
Other
$247,762
91,634 '
1,258,445
income
.
Preference ^dividend
-
Other
;
v0
1,559,926
Preference
"
818,338
shares
"C''„
!
29,295
.
29,411
21,992
Preference shares;
$344,457
$3,920,319
33
1,432
7,490
$227389
$345,889
$3,927,809
$4,081,417
;
80.208
80.208
;;
15,923
13,883
dividends paid—J. P. S.
Interest on mtge. bonds
deducts. ;
Co., Ltd.*.!!!
$4,063,309
18,108
income-^-——
^
962,500
173,368
$131,558
income^-
Dividends appltc. to
■
preferred stocks for period
^;
166.296
17,673
Balance
,
♦Includes
$2,952,621
315.078
Corp.
Quarter Ended M$rcb31—
sales
to
the
amounts1
p.1600.
$2,476,863
——
•'
Hudson
required under the Bevenhe "Act
3 Mos. End. Mar. 31—
—
$68,674
91,800
etc.
.
Fixed charges
351,504
$104,20T
$75,813
2,508
$5,019
$6,138
for
24,374
for
Federal income
taxes
based
are
% -Netincome'
;-r-v. 155*.. p.-
r-
50.3.,:v,rv. /*,
$528,255
f
'
$510,181
,
•!
!;$97,447-'■■;
* J"
iy.
'
'
-1,
-T
on
estimated
an
normal
include
$4,037;
excess
provision for estimated
excess
profits
1942, $1,733; February, 1941, $118.
12 months, 1941, $242.—V. 155, p.
Quarter End. Mar. 31—
Net
■
taxes
as
follows:
For the
12
months,
1601.
J.
655.745
3,722*329
,
s 9,800.244
V, i
12,558,114
73,300
;
,
V
540.318
Costs
;
Other
$7,708,944
expenses..—9,00X659
and
7*101,859
—
-
^ $1,651,754
$1,563,588
43.750
87.500
6X7*500
-
637,500
$777,694
131,250
L-
$15,085
;
$836,588-
$646,444
Federal
income
Net, profit
common
share
:
of Johns-Manville Credit
.
,
$0.77
$1.73
income
Provision
for
.
415,478
j
Carnegie-Illinois Steel Corp.—V.
1601.
^
$607,685
205,823
■'/ .a
$812,908
^
——83,438
——1,060,000
taxes..—
contingencies
Net profit
,
88,750
;244,500
150;00Q
—...
$555,497
—
$479,658
149,445
149,445
$406,052
$0.83.
—_—:—
Surplus tor common stock.———.-—— —:
Corp.
15$, p.
$1,848,935
....
—
Preferred dividends
;
Earnings per share on 488,173 shares common.
equal
For
Jones & Laughlin Steel Corp.—Government Files Suit
See
-i.
*
1,750
•
...
$330*213
$0.68
$0.76
(wholly-owned unconsolidated subsiHianM for the ouarter ended March 31. 1942, was 427.937
compared with. $32,615 in ..the. March quarter of 1941.—V. 155* p. 1601.
$94,703
.
195,431
income
Profit of wholly-owned subsidiary
Total
1941
$10,660,413
—
Operating profit
"
;
544.247
459.781
!
2,004*347
$696*335
v
^
?
1942
'
•
/
sales
Interest
Earnings per
-
;>A430w808;*r.
and depreciation
$51,803
-
1
$21,971,376 $16,737,667 $11,581,966
V-------------16,318,302
contingencies-578.665
Surplus
347,157
317.758
v "
Balance
23*809
$80,642
$27,429
;
''
Depletion
23,564
■
Kimberly-Clark Corp.—Earnings—'
,
Comcqon dividends
332,225
$857,338
^
to 70%
taxes
1942
1941
1940
$21,883,773 $16,713,046 $11,539,613
87,603
24,621
42^53
Preferred dividends
$1,189,563
$846,013
i_——
4,854
$8,645
requirements.—24,374
1942
for
35%
of
% For February,
;
fixed charges,
25,844
197
^
.
tax and surtax and estimated step rates of
profits tax to provide for anticipated increased
% taxes over existing law.
The amounts shown above for Federal income
■
Net before
dividend
"Accruals tor
Subs.)—Earnings—
(&
expenses
Net.";, profit
1941
.
;
Taxes (no Federal taxes on income )
42,686
$99,333
$72,281
3,331
Br254
^
rate
'
194a
$1,197,517
\
2,447
$8,448
$7,645
2,626
amortization
45%
1942,
Denreciation and, depletion-,—
Federal income tax,
i
'
Net revenues
and
Provision
of 1941.—V, 155,
{& Subs.)—Earnings—
income
Total .income-.——^.
Cost
.
•■
Coal Cu.
20,201
$2,637,543
Federal taxes, of $103^338 for the current
the 12 months ended Feb. 28., 1942. additional
provisions for
and $162,144 for
-36,444
3,178
$56,268
3,482
$160,474
155^ p. .1408.
Johns*Manville
Other
month
18,847
39,188
/45,394
.
$244,411
70,794
962.500
:
$2,791,941
315,078
$251,798
19,919
3,616
income—net__„,
St
88,268
1,784
3,281- '
$7,899
Balance
Preferred
(Excluding European Subsidiaries)
Net
-
<$334,807
6,148
15,598
$162,6S2
91,800
;
•Bai*ance-''!liiU!
4,862
—
operat! revenues!
21,992
16,150
$70,852
-
>
■
1942—12 Mos.«—1941
$25,277
-
!—1,788
^
>
3,277
Balance
;
excess
,
$230,956
requirements:
J. P. S. Co.,JUd.—Preference shares,
Preference shares "B"„
1,589,142
68,237
2.472,136
783,707
$227,656
revenues-
int. and
8,320
Net
Interest
Net
♦Loss.—V.
Other
,
-
$1.29
.
31, 1942, amounted to
$11*362,696 in the same period
1942—Month-A.1941'
Other taxes——
w
income,—.
Gross
9,170
9,070
145
Common
,•
85,578
expense
5.152,417
133,095
65,100
84,708
$1.49 >
v •
,
March
ended
^$29*084
;
7,622
revenue*
♦Federal income taxes^i-
-
,
411,000
108,333
$349,410
7,107
Amort, of debt discount
$1,040,423 $14,577,167 $13,183,132
279,773
taxes-
Property retire, reserve
appropriations
Other
.
income
$19,958
7,001
Other income charges
1942—12 Mos.—1941
;
$28,429
^
,
Period Endk Feb. 28—
Depreciation-
r
;
$334,023
'•
$979,512
_
,
Maintenance
"
-U'41
Interest on deb. stock—
i- J. P. S. Co., Ltd._.^_
"
Houston Lighting & Power Co.—Earnings—
Period Ended Feb. 28—
'.
Gross income
"194,0
:
,
profit
*
■
months
nine
Operation
$35,929
-U>~
♦Net
$1,130,496
compared with sales of
a gain of 11%. ^Practically the entire output of the comgoing directly and indirectly into war production.—V. 155,
*
•/
is
Operathig;
before
accruals
res.
"
1942—9 Mos.—1941
»
$0.54
>
of
Electric
Key West Eleetrle C©.i—Earnings-—
■'
f'
(Gross
&
year ago,
pany
Hoe
>
$0.48
;
$12,689,624,
•
>
98,9^6
Utility * oper. inc. bef.
Other
Co.—Sale
Gas
"After alt charges including provision tor Federal,income and
profits taxes.
Sales tor the
;,
$1,116,210
478,206
139,257
$109,824
* 49,469
8,184
!
Taxes'
as
Earnings per common share—
,! *After charges and Federal taxes,—V,
Power
&
Keystone Steel & Wire Co.—Earnings—
„
V
~
Period Ended March 31—
1942—3 Mos.—1941
♦Net profit
$364,083
$410,137
(■ :
(& Subs,)—Earnings—
16,059
!
i
'
Holophane Co«, Inc.—Earnings—
«Mos. End, Dec. 31—
"
/. /
Light
Properties Arranged.—See Associated
Corp.—V. 147, p. 2868.
amount)
1942—Month—1941
:
Operation
been
has
Auer
been with
has
Dressel
Feb.
End.
Maintenance'
elected Vice-President in charge of sales
Vice-President in charge of production.. • Mr.
& Co, for 18 years, and since 1938 has
been general sales manager.
Mr. Auer has been general works manager
since he joined the organization in I93T.-s-V.'155, p; 400, ;
Arthur
and Joseph
"
income
?
he said. "
this; purpose,
New Vice-Presidents—
additional
Jamaica Public Service Ltd.
Period
view of the improvement in earnings and the company's financial
position, there is a reasonable prospect of accomplishing this before
the end of the next fiscal year, he said.
It might be desirable to
^
estimated
:Brbiiato».;%ittd--'>^h«9^Yi' >155; $>. 1312;
In
"
State
of
(or
___
ment bankers to consummate a plan for refunding the company's senior
securities, H. M. Tillinghast, President, said at the annual meeting.
V
lieu
charges in
and Federal
Kentucky-Tennessee
taxes represent
of State and
Federal income taxes which; would have been payable on the ineome
for those-perteds if company bad not had the benefit for income tax
purposes; of the .deduction of discount, call premium, etc., applicable
to bonds refunded in 1940 and 1942.
The corresponding credit items
have
been
credited
to
the
unamortized
balance of
debt discount
tThe
the. estimated amount
now operating on a two-turn six-day week, but
increase this rate substantially.
Some large press orders
have bad to be deferred for the duration, but the company is continuing
%■■■•
•
.180,000
$585,433
income
Interest
—Earnings—
$410,438
:■
•
15,000
1942—Month—1941
taxes!
Dividends applic. te
Net-operat. earnings-
t$108,191 tdef$41,283
*$246,501
income
Interest
"
1940
.
$1,019,483
$635,978
investments
Gross
1
0\
(R.) Hoe & Ce., Inc.—Earnings—
Inc*
—
Electric
revenues
Net oper,- revenues.
Other tneome <net i
t
178,946
exp.;
Provision
39,312
v
v:,;
Net profit
$1,373,764
100,000
struction
Other taxes
765
1407.
Quarter Ended Dec. 31
$391,745
,
Amortization of limited-
Other
$406,180
oper.
Oper.
$58,560
46*683
>
inci._
tax
Gas &
Prop, retir.
.
earnings-!maint.
Gross
35,000
$55,676
72
43
declared
Dividends
•
•
.
—.
Net income
I
1 Federal
dividend will
this
'
preferred stockrr-V.-154, p, 432.
Period End. Dec. 31—
$5,837
2,917
"29*043
.
$84,099
'
$5,562
-
.
17^Soa
8,778
a
$632,123'
Other;taxes;
April 21, American National Bank Si Trust Co., 33 North
Chicago, 111., was appointed transfer agent for the transfer
La Salle St.,
of
$1,222,003
357,687'
r
y'f •'
income.
Operating expenses, ex¬
cluding direct taxes.
Lee
tFed. and State inc. tax
.
Operating
Interest
342381
34,701
85342
$79,768
.
576
1,284%^
.
357.473
; 30,561
35,909 f
inc.
Kansas
Interstate Power-Co.—Transfer Agent-
,
$1,760,494
65,001
The
483,945
70,348
corporation has filed an application with the Securities and
Exchange Commission1 proposing to pay out of capital or unearned
surplus a regular quarterly dividend on its $3.50 prior preferred stock
at the rate of 87Va cents per share on the 98,967 shares of such stock
$547,521
$465,524
stockholders at the annual meeting on May 12 will votb on a
proposed reduction in the number of directors from 19 to 18 and the
reelection of the present board of 18.—V. 155,
p. 1312.
;
v
,
;
$1,234,483
504.875
504,875
The
•
%
To Reduce Board—
1942—12 Mor.-^1941
31,214
; 2,847
'<
: /
oper.
"Federal
811,069
577,406
.
$45,941
Taxe3
'
624.799
presently outstanding.; The aggregate
fee $86,596.—V. ,155, p. 1601V
$553,713
$47,300
—
—
849,337
685,658
^ International Utilities Corp^r-rWouId Pay Divid«nd^'
revenues.!--"'r
ry.
term
Coppermanerit'Certificates Ready •
Haverhill Gas Light Co.—Earnings—
Period Ended Mar. 31—
1942-^-Month—1941
;V
159,173
10,203
;vV; •/.V
V
•
Net
Higginson Corp., as joint heads of
f the underwriting group which on April 16 made public offering of
J 225,000 shaares of common stock, announce that stabilization opera¬
tions have, been discontinued and
the selling agreement terminated
at .the closb wt buffiness .on1-April 22.—V.155, p. 1600.
share on the
permanent certificates for common stock are now being issued in
exchange for temporary certificates at the Commercial National Bank
V & Trust Co.^ transfer agent* New:York^ N.JY^V,;-1$5, p/ 1407. V/- \
> Operating
870,930
891,381
.
Charges______^
charges.!
AClark;
l
■
-
965,146
'
y
vInternationalharvester Co.—Selling Agreement
r
common
? A Harvard Brewing
rents,
Period End. Jan. 31—
stock, payable June 3 to holders of reeord
May U.
This compares With 37% cents per share paid each quarter
-from March 1, 1941, to and including March 2, 1942.—V. 154, p. 797.
no
$801,505
$1,552,003
330,000
facility rents, net
-rV. 155, p. 1408.
'
'
'•
$2,622,959
deductions
4 ;Bal, avail,
in' tjio
-"1
.
income
net debit-
oper,
$4,036,888
2,484,885
;
retir.-
for
pf
>
directors have declared
The
"
?
r'•
1940
$2,744,577
expenses.!
the
.
$947,700.
.
Interest
Interegt
Other
usual deductions for depreciation and depletion and.
Federal and Btate inpome. and: excess profits taxes
Tax reserves provided are ;based on
an estimate of.r
"After
?
> estimated
&
1942—3 Mos.—1941
$5,903,352
3,638,858
•$575,524
$2,264,494
110,000 % 504,000
208,000
;
debit
1939
1941
$2,844,609
,5Net".-income -.J!^J-Ll':-*!,207,72t4 $1,288,021
'
t$504,100
$500^.900
———
maint.
deprec.
Fedejja^ and local taxes
1941
•JlKonri
,
or
Subs%)r—Earns.
(&
-vQuarter End. tor, 31—
l
f
..(estimated)
---•:
Earnings per common share^—^iv-'—
Net earnings
Oper.,
'
;
$1,460,075
884,550
$1,009,505
oper.
accruals.
tax
Railway
Equip,
1942
'.
ry.
$2,315,054
1,305,549
"
;
;
rev.-fr.
"Railway
; • ** •
-
$3,064,248
revenues_A__„__
1942—Month—1941
Ry. operating revenues.
Ry. operating expenses.
1
$0.991
J12 Months End. Mar. 31—
Gross
Vice-President;-^''155,
been :elected 'First
Ms
244.
p.
•
Joint.
-,KHaloid-,.Col-—New- Officer■<:c*7i;~. v:• -:::/;%?'\i■ 'i
153,
Southern Ry.—Earnings-
Period Ended Mar. 31-
$513,377
$558,279
Illinois Central RR.—New Vice-President-—
'
and interest.—V.
105
Kansas City
;
_
0.
Fidelity-Philadelphia
Trust Co.,
135 South Broad St., Phila¬
Pa., will until 12 o'clock noon June 2 receive bids for the
it of first mortgage 5% bonds due
April 1, 1948, to an amount
sufficient to exhaust $10,637.98 now in the
sinking fund at prices not
$513,377
$558,279
-
4 f {Roy ^E,tBarr>M^'been; elected Vice-President in
;to -succeed .theHate, Fred ■•». Law.t—V. 155, p.. 1600.
"
;' "Edwin
-
delphia,
,219,874
-
exceeding
c;-143,282:/
■*,"tTaxes^Jncluded1 in^operating
taxea are
surtax
;;
;
;
,
$1,
par
Kanawha Bridge & Terminal Co.—Tenders—
The
$733,251
.
.
stock,
common
&
Net income !-■___!!_.,■%
Earnings per share on:;
^./•capital stock-
profits tax'to provide for
excess
$466,836
*
r,-i.
anticipated increased
Haxes over existing law.
The amounts .shown above for Federal income
taxes include provision for estimated excess profits taxes as. follows:
'February, 1942, $122,400; February, 1941, $53,952.
For 12 months,
v11342; $917,602;,v!2 months,! 1941, $108,498.—V, 153, p. 1599. - -
% 45#
$723,830
9,421
9,229
$753,598
Total
1;277,045
surplus-!.!!!1
stock and
common
1,700,528
$763,774
March. 24 declared
on
a dividend of five cents
per share
payable June 5 to holders of record.
May 22.
This compares with three cents per share paid on Jan. 23,
last, and on Feb. 15, June 27 and Oct. 15, 1941,—V. 154, p. 432,
the
on
sale of
$132,504
-I-*,—-;; $122,850
$1,887,874 $2,287,230
requirements_-T-^-%-i--—584,968 :
584,967
Balance for
1,554*183
$451,802
r
15,034
%r b 144,803
i* Preferred dividend
'k*
1',.573,396
;•■
5,262
-
:
The directors,
15,328
$238,112
^i!!-!!!
Mexican income taxes
;:Ki
$748,336
v,
$3,548,947
102,609
amortization
$2,424,358
;
1,017,236
$3,106,415
2>r2,567
■V>: Balance$225,460
&
$2,317,957
'1,563,557
-rOperating . income
•:yi,
V
$228;026
revenues-"
income—net;-I'—,
Interest
1,792,519
1,113,927
/
"
•
Other
1,560,890
113,117
87,997
V
Operating expenses-
1939
$2,025,198
$2,311,893
1940
1941
577,824
1,473,380
Justrite Mfg. Co.—To Pay 5-Cent Dividend—
".'V
1942
•v
'
98,278
\
Net
597,282
44,675
v 60,049
Depreciation !!-!-»--!!
r
3,316,732
'"
i
Net'vaiv ofmetals^sold-'
$10,763,199
$904,217 512il22,783"
3,951,750;
289,764
;'!-!!;i'-$l;027,925
GpenttIhg' reVenties
.•
Howe-Sound Co.i—Earnings-
•
Co^Earnings
"
1679
V
j
>.
f
>
the
to
12
A
March
31,
months ended March 31, 1942, net profit. was
$4.88
$2,014*102,
or
a
■,
common
a
1941.-T-Y. 155, p. 160^*
'■
...
$2,980,009,
oh common, comparing with net profit of
share, tor the 12 months ended
share
$2.90
'
■
•
•
|s.
•
;
-
v
■'?
.
-Jit
^
THE COMMERCIAL & FINANCIAL CHRONICLE
1680
(G.
directors
The
this
Arrearages
as
Kenneth W.
-created
.
by
maining
First
taxes
before
operations
quarter
at
serve
,
sales
date
to
the company
by
revenues!;
income
(net)
4, 354,132
-1,066,041
I'i 559,945
688,882
663,041
•
620
12,839
y
-
$197,479
$134,035
——-
'
'
are
■v} AM-
>
Period
•Dividends applic. to
$1,972,310
875.048
•■>!
•
'•/•
875,171
83,627
703
•;/
1
y
appertaining to
-)
"•
,
.
$1,078,676
"
••
■
i Other
467,879^;
-72,013
53,459
:v'
..
'
'
$8,879,947
4,718.304
'
32,755
504,345
777,337
731,812
,.66,666
•
i-'S 805,000
785,000
$1,451,896
$1,200,360
$135,802
$136,365
27
income
$7,757,458
5,341,369
-
50,072
-
•
f
'
1942—12 Mos.—1941
>
•
437,518-
-
- -
68,334
revenuesij.
oper.
•
$798,050^ •. $722,813.
revenues
taxes
Net
356,532
.
1942—Month--i-1941
31—
Mar.
Prop, retir. res. approp.
$1,017,707
356,532
:
End.
'
973
:
-
1,
said bonds
at The-Chase National Bank of the City of New
or
154, p. 798.
Operating expenses,1 ex«•;;
eluding direct : taxes.
■Other
1.878
the
.
Bank & Trust Co. of Minneapolis, trustee,
(Federal income taxes—
''.
1
.
.
York, N. Y.j or atiany branch in Canada of The Dominion
Operating
80,405
>'•)■
6,487
/)'/■'■' ;
$54,867
$118,064
preferred stock for period—
income
Net
$2,035,473
72,928
y\V/\' 6,954
•
charged to construction (credit)-—
Interest
accrued on
.**
.
Mississippi Power & Light Co.—Earnings—
.
"
72.917"
on
Chicago, 111.,
Inc.,
-York, New
$1,959,471
13,015
'
,814,620
$2,022,458
$196,859
656
929,673
"y*
Minn., or at the principal office of Halsey,- Stuart. & Co.,
Minneapolis,
;
•
maturing on that date
coupons
: Bank.—V.
69,717.
$133,379
mtge. bonds
Other interest & deduct.
v
.
income
y Gross
showing a 32% gain over
a year ago.
Plants are operating at the highest rate in the company s
history and shoes for the armed, services are being produced at the
rate of 1,250,000 pairs a year, Mr. Smith stated.—V. 155, p. 504.
Retail
operat.
Interest
the
1942,
'
$235,000 better than a
told stockholders
were
ago,
5,665,293
53,096
59,048
•:
78,346
Net
)/",;//
•
•
$8, 351,209
.
'
Other
•
366,286
56,899
retirement re¬
appropriations.
Property
of W. H. Goodyear.; The re¬
/'
ago
directors were reelected.
George L. Smith, President and Treasurer,
the annual meeting, held April 22.
year
,63,871
$10,372,347'
of all interest
1942,
May 1,
1941.
payment on
••Payment of such interest may be obtained by presenting on May
\
at the Northwestern National
—y__—
taxes
the
bonds for the calendar year
1942—12 Mos.- -1941
$745,006
439.810
(Federal income taxes...
Other
directed
Co.—Earnings—
$772,305
revenues
Operating expenses, ex¬
cluding direct taxes—.
one
Running Ahead of Last Year—
Sales
•
months
death some
the
12
Operating
share on
payable
A similar distribution was made
of $1.19 on Dec. 30, 1941.
of March 31, 1942, totaled $3.75 per share.
Thornhill has been elected a director, filling the vacancy
to holders of record May 8.
issue on Feb. 25, last, and
25
May
on
April 23 declared a dividend of $1.25 per
on
the $5 prior preferred stock,
on
Light
1942—Month—1941
Period End. Mar. 31—
accumulations
of
account
-
&
Power
Louisiana
Inc.—Accumulated Dividend—
Co.,
Kinney
R.)
V New Director—
Monday, April 27, 1942
y?;
321,982
912
2,237
$1,452,808
$1,202,597
,■
vyW,; Kysor Heater Ce.—Extra Dividend— .:r
Balance
cents per share
and the usual quarterly dividend of, 15 cents per share on the common
stock, both payable May 15 to holders of record May 1.
A regular
quarterly payment of 15 cents was made on Feb. 18, this year. "... i;
Extras were paid during 1941 as follows:
June 14, 15 cents; Sept. 15.
10 cents, and Nov. 15. 20 cents.
These were in addition to the regular
quarterly payments of 15 cents each made on March 15, June 14,
6cpt. 15 and Nov. 15.—V. 154, p. 54.'.vv<
.', ., , " ) *
»'m'
The
•
1
'
have declared
directors
extra dividend of 15
an
The following is a
the
for
premium.—V.
ing
155,
826.
p.
Maintenance
Dividend—
■
mon
( Taxes
'
.
;
-v
A'*;;
"
;
,?.
,y:
(other than income
income taxes—
Net
on
income-.^—————
operating
(net)
Miscellaneous
I;
—————
to
income
Gross
Interest
$4,180,074
—1,030,450
t
Other
interest.
••
of
flood
Amortization
of
$4,234,335
•.
1,030,450
.183,233
charged to construction
Interest
Miscellaneous
37,000
(Cr)—
,114,436 yy
—
'
$2,804,802
' •'<
mining
from
.Income
out
of
an
$2,175,203
300,159
Dr9
340,247
$1,9 16,532
; : 142,350
•
1,278,109
a_—$1,082,661
$1,035,732
$3,336,990
$3,683,757
$750,464
$695,494
32,037
Total inc. from oper,
•
"Discount
Other
'
.
income
y
:
of
carrying
property, etc.-
Cost
Int.
'
idle
Ax
-
$2,753,088
&
J
&
Fed. -inc.-
•
profits taxes—
('.•Y-Prov. for Penn. inc. tax-
•
Minority
Net
interest
y
*"071
1,044,250
994,077
•)• '•
6,029
common
•
v
holders
legal
approved
1942—12 Mos.—1941
$1,237,924 $24,069,459 $12,904,115
355.303
8,020.576
3.826,308
217.681
2,712,296
2,174,612
,10,811 - y 129,734 ;v| 129.730
y?,.)) '
•
$0.46 •^'•r
$5.74
$4.54
inc.
Pref.
;
t
stock
inc.
Net
.
bef.
>
*Net
to
•
Federal
Net income for 1941 is after providing for
basis of excess profits tax amendment of 1941, the
of
Act
1941
been
having
not
'
passed
March
on
•
and
of
12 Months Ended March 31—
' ;
•'
1942
revenues
——•——___—$1,966,542
revenue deductions-—+1,173,257
$1,864,669
11,086,969
f Operating income —i———,—$793,285
$777,701
1941
Operating
|
Other
income
.
396
(net)——
common
155, p. 1514.
v
.
Oper.
of
Tons
milled——l
ore
31—
.
."/■'
•••
income
Gross
$793,680
792,537
Estimated
$777,701
770,438
__—
deductions
profit——
operating
•ri Non-operating revenue
Net
income
——
155,
'
——
(Includes
♦Deficit.
p.
Federal
income
$23,243
taxes:
1942,
,
1941,
Provision
,•
•
retire,
-v
directors
share
on
quarterly dividend of 75
a
The
on
record
stated
company
will
taxes
be
the
that
for
the
governing factor
remainder
in
Of
the
Federal
year
have increased.—V.
155, p;. 401.t,:;
''
,
.
The directors recently declared
the
stocky par
common
April
yf-V
59,329
•
Other
$1.
dividend of
a
payable
April
cents per
10
10
to
holders
share
^
Loft Candy Corp.—Transfer
«
Continental Bank & Trust Co.
The
New
York
stock
of
transfer
the
Loft
for
agent
Candy
$27,095
———
i
'
152,
shares
the
of
2243.
p.
$1
•
appointed
par
24-
y
^
stated
of
has
under
consideration
another
stock
instead
of
of
present
Late
its
for
of
a
new
company
the
original plan providing for
stock for one of the new.
March
in
that
revision
the company
made
a
holdings of Northern Natural Gas
dividend
■v: 155,
instead of sold
p.
1409.
to
the Lone
y-
«.
a
an
exchange of
.
,
two
•,
Star
would be
stockholder's
V-"t*
to
its
at
the
the
j
.
first
average
annual
the
1942 on
.
account of increased
-
*
^
Rosengarten,
G.
write-offs
■
Jr.,
now
on
^/■
„
as
military
iy--■
Co.,
has
granted
Light &
SEC
construction is under way on the plant
a
wholly-owned subsidiary, which is ex¬
rights.—
*■'"•■ -•■ '
'In*
a
income
.
5.867,469
5,372,342
3,626,912
2,306,661
159,182
1,843,803
.2,003,684
i.
$620,184
1,802,367
V
$6,514,631
1,815,218
$6,671,048
Dr 1,549
-
Drl.679
Dr5,103
Drl,773
$618,505
$6,500,528
$6,669,275
155,051
/
:
156,501^
j
1,875,504
44,125
44,125
39,240
1,886,890
529,495
35,033
559,264
v
-
-:•'.•••
k
529,4-35
484,653
;
•
1,977
;
1,323
13,243
$3,546,588
$3,781,480
957.534
957,534
$2,589,054
.
$418,094 '
$380,616
to preferred stock for period
.
—
provisions
$2,823,945
for Federal taxes of $87,543 for the current
the 12 months ended March 31, 1942, addi¬
required under the Revenue Act of 1941.—V. 155,
'
)?:>'■
■
for
$262,629
Morris Plan Co. of Rhode Island
The directors
the
capital
have declared
>
(Providence, R. I.)—
v
,
quarterly dividend of $1 per share on
to holders of record April 17.
This
share previously paid each quarter.
a
payable May
stock,
with $1.75 per
compares
1
rq;:-
:•■-.
:
Mountain Fuel Supply Co.
•The
directors
'v,h.
■
C
"The
notice
Utilities
'
,
Co.
for
a
cash consideration
,
.
Paper
Ontario
Co.
bonds.
the
holders
President
directors
152, p. 3030...
Mullins Mfg.
a
>
..•
on
dividend
Dec.
6,
of
cents
15
•
.
.
_
d:
1942
R;
H.
of (first
M.
have> declared
and
Robinson
to
be
due
1941
$4,921,427
$3,344,780
3,400,055
5
2,659,746
.
for
depreciationselling and administrative expense
,
$1,521,372
r> 183,094
$685,034
80.362
•
)
'
316,466
$1,021,811
!
Profit before other Income and other expense
285.635
$319,036
'
Other
income
Other
Net
per
♦After
StOCk,,1
•
only
f
purpose,
will
74.000
r
7.000
.
$315,080
$230,044
'$0.48
$0.33
share—.)——
quarterly. dividend requirements on preferred
;
1
*
V
- -T «-• -v " - ,<
i. 1.'. '
v
•
'
fl
amount reserved for Federal taxes has- been computed on
1941 tax-, rates and on the assumption, made for such
.
of
basts
pany
common
?
499,000
'
15,839
$334,875
23,830
180,000
.
————_
——
allowing
Note—The
the
taxesprofits tax____;;
for normal Fed. Income
provision for excess
.
-47,414
/
.
prov.
♦.
$1,041,495
f
profit
Earnings
19,683
-
expense
Estimated
Eestimated
of
...
10,
^
Corp.—Earnings—
Cost of sales
a
15.
v:'"))):AAM-Ar:
,";l;''
Shipping,
share on the
15 cents on June
v),/g>/.;;
;- ; 3 Mos. End. Mar. 31—;; "•
Gross sales, less returns, allow. & trade
Provision
per
to holders of record May
last, and
that the volume of business and
continue during the entire year
quarter ended
.
,
4
t
the earnings of the
1942 at the
com¬
same rate'as
March. 31,- 1942.—V.. 155, p. 603.
(Minn.)—Interest
V
'
to
declared
$10, payable June 10
with 30 cents
compares
(Utah)—15-Cent Dividend
Total income
application of company (a subsidiary of
Co.) to acquire the securities and utility
Michigan and Gas Transportation Co. of
.
&
have
stock, pai
common
time next year.—V. 155, p. 922.
approval of
Minnesota
Payment—
Under
429,811
-•
applic.
and
in the
:
1942—12 Mos.—1941
l
Gross profit before provision for depreciation
a registered holding company, recently
its amended plan for dissolution, and sale
of the Michigan
properties is one of the steps towards dissolution
described in the amended plan.—V. 155, p. 922.
a
' ?;
240,546
Dividend Rate Decreased—
National Lead Co.—Sales
""
distributed
,f
$652,303
bonds
1602.
p.
This
quarter) of the current year was somewhat
for 1941, E. H. Westlake, Vice President,
that
Copper
....
V
V-
$1,607,556 $19,856,705 $17,967,636
$653,852
deducts.' '
tional to the amounts
$16,031
13,172
,
basis
shares
dates.
same
;•
178,651:• 157,833
debentures^
•Includes
month
The Great Lakes Utilities Co.,
.
J
Subs.)—Earnings—) J,
meeting last week.1'
added
Dome
SEC
obtained
.,
V \'J
"V
159,640
Inc.—New Director—
the
Traction
assets of the Gas Corp. of
Michigan from Great Lakes
$750,000.
) •
;
change in its plan under which
stock
in
Westlake
American
in
share-for-share
on
—
Adolph
Captain
than
Castle
The
•
-
plan of reorganization which probably will be presented as an amend¬
ment to the SEC now considering the company's proposals, it was
reported April 17.
.
The new change is said to provide that stockholders will exchange
their
$23,281
Michigan Consolidated Gas Co.—Acquisition of Prop1 erties—y '*• '); *
y"v);
,
management
$27,398
ji'G. Rosengarten, Jr., who retire as Vice President and a director,"
1934, has returned to the board because of the resignation of his
J,)..Mr.
Lone Star Gas Corp.—Plan to Be Revised—
The
Merck & Co.,
higher
capital
* v
i
454,227
—
Cr—1^-——
V;. Balance
(
V
>
been
'
t
388,300
•/,
-
_) ■'
charged to con-
struction
!
1942—Month—1941
•-—
and
Dividends
$23,257
,
302
$27,398
———27,392
applicable
tax
Production
,
'
168,347
—
pected to be in operation some
Agent—
of New York has
1,500,000
Corp.—V.
expenditures
i duty.—V. ; 155, p. 827.
on
and
30
payable to stockholders on the
4
revenues—
V Net income—
Miami Copper Co.—Output Above 1941—
record
of
Distributions
Russell,
depl.
and
on
int.
Interest
$191,604
r-
depreciation.—V. 155, p. 505.
newphew,
•
_.
during 1941 were as follows:
April
July 31, 10 cents each, and Oct. 31, 20 cents.—V. 154, p. 798.
3.
'
>: in
(The) Lima Cord Sole & Heel Co.^—10-Cent Dividend
Victor
McKenna,
dividend of 96 cents per share on the
C stock which were issued on
a
$1,834,670
;
taxes—
mtge.
on
■^Interest
1941.—v.
determining whether subsequent
quarterly dividends will remain at 75 cents.
Sales at present are
repofted to be running ahead of those of last year, but manufacturing
costs
for
the
common and common B stocks, payable June 1 to
May 12, -; Previously the company paid regular quar¬
terly dividends of $1 per share on these issues and, in addition, on
Dec. 1,1941; distributed $1 per share extra.
v per
holders of
)
'
Capital
cents
\
a—
Income
^'Interest
1491
48,119:-
Profit before write-offs—.——y—-—
Note—No
April 22 declared
,i!
•
ex-clud.
appropriations
xes.
.;■./•
Liggett & Myers Tobacco Co.—Dividend Reduced—
Co.
/
preferred
Other income, net——
v
177,039
yr—
profit
A.
E.
Knutson,
of
^
;
Net oper.
taxes—7,250
for
'
revenues
Prop,
i
826.
■{A
The
total
Estimated
*$14,836
$269,323;
5
taxes
•
$255,649.—V.
Mexico
A.
ing direct taxes
.
Income
&
dated
$204,134
Development
r—
Texas
'"•'«• •"
1942
——_———-
Net income from metals produced-—^--———
and operating costs
——
i,
Orleans
Hearing on the proposed payments
for
shares
^
,
expenses,
Other
shares
•"
March
Ended
and
1015.
p.
♦Federal income
other things, provides for the Issuance
stock in exchange for each two shares
among
new
Months
B.
the common stock,
ou
Gross
Matachewan Consolidated Mines Ltd.—Earnings—
«
:
v
which,
of
share
Three
y
-:•*
one
George
•,»
-
has been removed from unlisted
(no par) has been admitted to
common
company and the holders of its 5% preference
shares confirmed by supplementary letters patent
1942,
23,
Ole
Rieder
additional
Operating
,
.
with the company.
• ! ;,
subsequent to the stockholders'
(no par)
stock
stock
new
New
on
Petition of Committee—
Period Ended Mar. 31—
„
connection
but
petition
Judge George H. Moore April 27.
Montana Power Co, (&
on
of old common stock.—V.
V:r'1" /'*•
V
Power Co.—Earnings—
Operating
common
.
Gregg,
—v. >155,
the New York Curb Exchange.
,
stock was issued in accordance with compromise or arrange-
between
ment
f
the
trading
The new
Feb.
••-
their
reelected,
were
common
and
unlisted
1941.
31,
%
• ■
•
.
"'old"
The
.
trading
1942.
Water
Lexington
'■}f'
for Federal income and
the Revenue Act of 1941 plus an
on
taxes
share
board
the
Federal
Wolff,
>
r
Massey-Harris Co., Ltd.—Listing of New Stock—
the basis of U. S. Treasury Department proposal
155, p. 1409.
the
on
accepted the resignation of John W. Castles, who
had joined the armed forces after proxies had been mailed to stock¬
holders.—V. 155, p. 1410.
:
'
/ -
providing
is- after
the basis of
on
on
Congress March 3,
—V.
10,811
directors
The
meeting
t
$0.37
1942
for
taxes
estimated
Revenue
:.-r
require.
share on
shares-
proiits
increase
•
div.
177,995
—
com.
income
excess
•
taxes
—
per
450,000
-
Fed.
income
a
of
the
April 10 denied the application of Harry W. Harrison,
on
H.
approved
,
the period from the date of issuance to June 1, and
payable on June 1 to holders of record May
■ ni.
'.'i'
The directors also voted the quarterly disbursement of 50 cents per
held on April 14, the stock¬
proposed amendment to the by-laws providing for
officers
and directors
for expenses
involved in
arising from
actions
instalments
Interest
Joseph
35,000
During
5, $1.50
.......
.
Period Ended March 31— 1942—Month—1941
•"Net
share
per
24 to holders of record April 14.
following
indemnification
Net
$1.50
court
it March 6 covering
meeting
x
$2,065,954
-i- 731,107
of
dividend
a
$4,550,000
Monsanto Chemical Co.—Dividends—
$1,656,741
(Glenn L.) Martin Co.—Director Resigns—Officers In,
•
$0.81 'T demnified—
*
'
tOn 1,205,437
At
the annual stockholders
notes
sales
declared
have
payable April
•
the
1st
The directors have declared
payments were made:
May 5 and Aug.
each, and Oct. 13 and Dec. 15, $3.50 each.->—V. 84, p. 697.
<*• G.) LeTourneau, Inc. (& Subs.)—Earnings—
Net
present capitalization had been in effect during
(On 1,685,901 common shares.—V. 155,
$1,105,382
$0.35
purchased for sinking funds.
shares outstanding.—V. 154, p. 695.
»>
t,
and
bonds
stock,
the
1941
•
•
Converse, Henry C. Beasley, John H. Baker
authority to serve as a protective committee
for holders of preferred stock of the company, and to solicit authori¬
zation to represent the holders of this stock.—V. 155, p. 1602.
and
(Ohio) Mfg. Co.—$1.50 Dividend—
directors
common
136,735
20,465
11,441
_——
W.
V M.
'
,
Marion
The
110,325'•
19,965«.
2,283
$421,708
$0.21
$525,187
$0.29
income
share
per
-•
-o-yV- 3,291
_
corporate
•(Earnings
•
32,915
-
,
,
months'
Charles
;
the first three months of 1941.
921.
$S
on
•
filed a petition in Federal Court at St. Louis for
$6,601,012, representing a six months' interest instal¬
& ref. mtge; bonds, also $2,283,350 representing two
pay
MOP
The ICC
;
:
14,590
278,139
• •
.
$0.55
amounted
share on
Dividends
a
has
trustee
ICC Denies
)
927,867
$0.38
•
J
.
excess
708,981
The
first mortgage and income bonds.
(1941'
r
$52,945,691 $41,125,178
—
1942,
•
on hand. to that
is scheduled before
<
tax rates plus $200,000 to provide for probable tax rate in-.''
The 1941 Federal taxes totalled $545,000).
(On the assump¬
tion that the company's
629,437
6,187
276,731
Depletion and deprec.
for
The
lment on
;
interest, and after provision for estimated Federal taxes (in
This latter figure is based on presently
creases.
f
p.
-
3,990
taxes
Prov.
.
amounting to' $1,698,000.
existing
-
201,945
;
profits
excess
1942
..v.)-
.
695,594
148,073
167,525
funded debt
inc.
;■ /
.,1942
31—
—_..—
funds
order
authority to
i
Earnings—
profit
(Earnings per common share-
_
Federal taxes, excl. Fed.
•
'
.
.
♦Net
4,918
1,503,636
471,145
49,052
105,936
and un-
funded
cm
■
Three Months Ended March
Net .'Sales
♦After
income
Gi'Oss
,
,
McKesson & Robbins, Inc. (& Subs.)
$2,144,334
30,869
$678,510
16,984
oper.--)
other
1410.
p.
six
$1,922,182
Dr5,651
$742,346
'» 8,119
selling coal
from
155,
31,
RR.—$4,559,000 Equipment Trust Of-
Plans to Pay Back Interest—
&
*
Inc.
Net income
—V.
1941—12 Mos.—1942
1941—3 Mos.—1942
Period Ended March 31-—
March
to
over
entered
20,789
/"//
(& Subs.)—Earnings—
Lehigh Valley Coal Corp.
>
held
for
,
.;•■
24,050
41,013
———
unpaid
.
250.000
37,000
contractural
and
effect to a dividend of $1.50
April 7, last,
pending study of the WPB order controlling allocation
and delivery of new railroad equipment. 0
')
This was disclosed in
a
petition filed by the trustee in Federal
Court at St. Louis April 22 stating that only a portion of the equipment- ordered : will be delivered and recommending that this be paid
.
rehabiltation exp._.,
cap. expenditures
and
Amortization
accumulated
$319,523,' after giving
but
160,227
_
provision- for Federal taxes of, $20,659 for the
fot 'thc 12. months ended March 31, 1942.
required under the Revenue Act of 1941. '
$67,661
The company has abandoned plans for the sale of
equipment--trust certificates- originally • scheduled
for
160,227
: •/;•' 37,785. ;••■?;•:•;. o 6,831
and expense——
discount
of debt
403,603
,
amounts
/
Cr45°
$288,827
403,608
-fering Abandoned—1
224.875
————
funded debt
on
Amortization
and
the
to
Missouri Pacific
$4,009,909 f;
800,000
113,770
'-1
>
$534,042-
$59,785
for, the period
stock
to pref.
preferred stock, declared for payment on May 1; '1942.
this stock are cumulative.—Vi«'155, p. 1602. < :
v
,.,i.
- „V". •> • i?'
r.'y«>
r
'
800,000
118,766
y
r
-%J$130,434 <>$114,781
(Dividends
.
'
213,319
180,875
16,343
66,667
(9,389
r
—S60.42&
month
current
995,099
$3,982,856
>
Dividends from affiliated company.————
/
income
y additional
589,833
1,239,708
1,118,692
y vi. .66,667 _-•<
y.^v;9,299i.y^
deducts.
and
v-^Deficit:-• tlncludes
-
1,361,500
:'yy
1,428
1,128,713
1,430
1,176,854
taxes)
for Federal and State
int.
Balance
1941
559,170
v
Provision for Federal excess profits tax„r.—
''
'
Other
Net
1,481,000
y
investments^—
limited-term
of
'
15-Cent Com-
Inc.—Pays
Co.,
.
(Dividends applic.
1942
.
—
Amortization
March 31 paid a dividend of 15 cents per share
on the common stock, par $5, to holders of record March 20.
A like
amount was paid on this issue on June 30, Sept. 30 and Dec. 31, last
year,
The par value. of the common stock was changed, from $100
*>er share Nov. 6, 1939. •
'):))').
The corporation, also on April 15, paid a quarterly dividend of 25
cents per share on the $1 cumulative convertible preferred stock, par
$10, to holders of record April 4.
A like amount was distributed on
this stock on Jan. 15, last, and on July 15 and Oct. 15, 1941, while
on
April 15, 1941, an initial distribution of 14 cents per share was
made.—V,.155, p. 90.
1-yyy•/„ - !/)•>''''V;
The corporation
t.
.
Mfg.
LaPlant-Choate
current
(& Subs.)—Earns.
Appropriation for retirement reserve.—^
Provision
"
the
'V-a-;:^V-
-yv-;.%
Years Ended Jan, 31-r-
■iAAAAA'J?'
'.r
for
Operating revenues-—---—, $13,991,819 $12,098,620
4,432,107
3,798,819
Operation
recovering $981,492, includ¬
(V1!
$16,982
Louisville Gas & Electric Co. <Ky.)
this company
of the mill operations of
31, 19421
summary
61,935 tons of dry ore,
treated
of
taxes
for the 12 months ended March 31, 1942, additional
required under the Revenue Act of 1941.—V. 155,
amounts
the
p;■; 1601
months ended March
three
The mill
,
to
$136,392 .;,$135,841
Income
Interest on mtge. bonds
Gross
y
month and $86,162
'■AMAAAly
Lake Shore Mines, Ltd.—Mill Operations—
;
Federal
for
provision
(Includes
* $861,17$
$722,144
.
..
collateral
mortgage
5%
Sales
same
says:'
and
/
payable
and
have
in
the
period
first quarter
last
25%
<
.
i.v;
greater
than
in
the
Fletcher W. Rockwell, President, said at the
stated, however, that the first quarter is' nortnally
year,
annual meeting., :He
Higher—
this year were
Volume
155 V
Number.-4067
-
THE COMMERCIAL & FINANCIAL CHRONICLE
'
John
Street, New York City, April 18, The office
agement of Arthur Schneider.—V. 149, p. 116.
warned that the gain in the first quarter should
indication of a trend that could be maintained
throughout the-balance of the year;—V. 154, p. 1381.
AaAaA'aAA'
low
a
and
period
considered an
be
hot
1940
Years-A'AA/A^A / :lHAa a aA;a:AA
Calendar
Total
A
operating
'^Net operating
•
Non-operating
operating
deductions*
taxes,. etc
revenue
depreciation,
expenses,
revenues—
A $106,672'
uA 2,804
$100,332
A
-
loss
2,409
.
which
42,116
5,
$55,807
Net
.
.
\
!> $62,150:
>
The
,
has
company
from
the
on
April
$1
million
13.
awarded
$1.1
-the
-
refund
tax
a
on
net
a
Pennsylvania sugar'Co." r
of the Pennsylvania
in
the
National
for 1941
for last
report
after taxes; and-
basis,
estimated
is
year,
were
depreciation,-he- declared.
,
Air
revenues—
)>
Operating exps., exclud.V -A/
income
Other
taxes,
-318,892
132,465
49,729
tf<>75;726r.. frv70,039
Property retire,
reserve^
Colony
60,90(1
56,600
"''
investments
'"7
'
185
Other
r.
.income—
a
-viInterest
mtge. bonds
on
'
Int. chgd. to construct-
,
742,500
210,000
117,521
Cr316
Net income■ $70,248p . $124,773
./Dividends applicable to preferred stocks——
J,
■■
I Baiance '-^—r-^U-^-w-—-.lT—*
.
;
t
increased
difficulties
obtaining
in
"•
directors have
The
stock,
common
declared
par
$10,
with
an
dividend of
a
payable May
to
1
1
This
compares
Nov,
15, last—V.
initial
dividend of
50 cents
per
share
on
150, p. 2734. '
v..
.
week ended April
the
For
-
:11,038,339- kwh.
output
5.97%
above production
week a year ago.
This
is an
10,416,877
association reports
the
V;
155,
A'"*;
AAA
•
.1942—3 Mos,—1941
Operating expenses A.—
/ Taxes —
:
.
1942—12 Mos.—1941
15,320,509.
59,859,646
14,074,849
each
New
income' A-AL.1
Total
deductions
$3,504,911 $14,920,395 $15,183,921
$3,778,816
1,175,786
—
x.
1,284,875,.
4,999,836
5,062,766
.
cheaply
;
income
Net
:A
_
$2,220,036 ♦$9,920,559 $10,121,155
2,722,477 " 2,333,552
9,723,131 - 9,334,206
..———"♦$2,603,030
_ul,
"-
Balance1,'—l———
Earnings
'Federal
for
taxes
♦$197,427 /
*$7.14
t'$119.446 ' t$113.516
A,. *$1.67 *
,
$1.69
share.,
per
three
the
months-ending
,
March
31-*
,
$786,949
.,$7,59.
1942,
have
Heavy increases in; these rates for the year
1942 are under considera-?
by, Congress.?.-Thus the earnings shown herein for the periods
March 31. 1942,. are. to the extent that taxes may be retro--
tion
ending
actively
been.
higher, than. they
increased,
tDeficit.—V.
155,
p.
1603.
7
will
ultimately
prove
to
have
•
\
.Newport News Shipbuilding & Dry Dock Co.—To Pay
50-Cent Common Dividend— *: ^
A A;
The
able
directors
Aug.
on
April 22 declared the regular
share
per
15.
May
ously
A
that
is
60
155,
p.
Due
this
2, last,
issue:
1.
New
of
common
dividend
declared)
on
•
the
of
quarterly dividend of
preferred stock, pay¬
record July 15, and a dividend of 50 cents
stock, payable June 1 to holders of reco'-d
$1.25
share on the preferred stock (previ¬
1 to holders of record April 15.
v
per
payable May
50 cents per share was made on the common stock
while during. 1941 the following payments were made
distribution of
March
v.
on
A
on
Dec.
1 jto holders of
to
March
3.
40
cents, and Dec. 29,
506.
■■■
York
an
-
company
a
.;V.
" ;:;y
Casualty
increasW
June 2 and Sept. 2. 50 cents each;
special year-end dividend of 50 cents.—
cents;
have
RR.
not sold to
filed
petition
a
committee.
to
RR.
the
the New Haven,
petition
The
states
other
No
Haven
member
since
do
mutual
such
in
not,
committee
the
of
the
Colony against
Old Colony be
against-the
claims
stockholder,
majority
value
the
not
in form,
adverse to
or
is
cancellation
preferred creditors as well as of Old Colony
The interest of the majority
stockholders.
is obviously
Haven itself,
the Old Colony
buy
to
....
.
.
.
•
.
-
all future
net
which
income
he
.
might conserva¬
to
shall
unsecured
claims
adjudicated,
finally
been
against
have
nor
entitled
to
fraction
this
have
to
computed
date,
the New Haven estate have
accrued and unpaid interest
of
New
according to
principal of
but
Haven
stock,
common
and
in
1941
were
Haven's
.
equity
$13,515,860.
capitalization,
will
dends
an
all
approximate
The court's
must
to
the
resultant
the
wait
fixed
old
upon
a
proposed
bond
the
New
charges
will
down of New
preferred divi¬
alone, although any
and
final plan."
rejecting the old ICC plan contained
that this huge claim of the Old
discharged, and cancelled.
Let it be granted
that this Old Colony asset is of great value and that its cancellation
will be of corresponding benefit to the New Haven estate, how is this
benefit distributed amongst New Haven creditors?"
The court then
went on to disapprove the distribution amongst New Haven creditors.
this
Our
be
opinion
"The
passage:
shall he
of Dec.
plan
is
creditors
are
the
legal
claimants
to
and
asset,
the
No
amount
of
the New
the Ne>kr
;
disguise the fact that the plan of the
compromise committee proposes mutual cancellations, and that these
cancellations of
necessity discriminate against one or another New
Haven group, not to mention the discrimination against Old Colony
sophistry
ferred
stock
Haven
at all.
-
'
,
r
and
is
be
mortgage
of
bonds,
amount
an
and shall
bear
or
two
sufficient
interest at
to
the
and B.
Series A bonds shall
pay off the New Haven's net prior lien
rate of 3%.
The prior lien is at best a
series,
A
bookkeeping debt, since cash accounts were not separately kept of Old
Colonv receipts
and disbursements during the period when this debt
was
incurred; and reasonable doubt, about the sbe of the debt, a doubt
which
equitably be resolved to the benefit of the debtor,
comnensatingly low interest rate.
The series B bonds
should
war¬
shsll
Fixed interest charges will approxi¬
mate $350,000 a year under this proposal,
//
5
'
Our riroposal in detail is as follows:
(1) The Old
Colonv shall be oDernted as an iudeoendent rahroad*
first under trustees different from New Haven trustees, and finally
rants
carry
a
interest at the rate of 4%.
sold,
whichever
occurs
-
first.
•
•
■
•
.
„„
a q
<-<
,
-
the
.
and
Haven
New
Old
the
Colony
Colony,.,
position
to offer its property for
•
operation
.
of
to rent to the Old Colony
of the
stockholders
common
Haven RR.
New
Crocker, William B.
and/ Ray E. Southgate.;
signing the petition are: Perry G.
New Directors—
Stockholders
added
three
April 15 re-elected all directors of the company and
to the board. The new directors are Harry W.'
on
ones
new
of
representing a committee of preferred
Champion of Norwalk, Conn., representing
stockholders, and Robert E.
Smith ot
Davids,
St.
stockholders;
Pa.,
Stanley
L.
one
committee
of
New
York City,
adviser to the two committees.—"V.
common
155, p. 1515.
/
*
of Bonds-
Southern Railway—Listing
Norfolk
York Stock Exchange $4,322,800
AVzl'o, due July 1, 1998, of whicl*
be pledged, and $6,892,300 general
mortgage 5% convertible income bonds, due Oct. 1, 2014. •
On July 28, 1932, receivers for the old Norfolk Southern RR. wera
appointed.
The court approved the plan of reorganization on Marcb
5, 1938, and also approved the reorganization agreement: on May 15,
1939.
On Sept. 15,
1938, on June 7, 1940, . on May 14, 1941, and
on Dec. 9,
1941, the court approved various modifications and amend¬
ments
of the plan and
agreement and the plan and agreement a*
so
modified and amended.
The reorganization manager began the
solicitation of deposits under the plan and agreement (finally datedl
There
has
listed
been
the
on
New
mortgage bonds, series A,
$404,800 principal amount is to
first
of June
as
1940) in June, 1940.
1941, the final decree
15,
March
On
10,
The
sale
foreclosure
certain
and
proceedings
ship
in the receiver-,
entered
was
were fixed by the court.
1941, and substantially all
prices
upset
April 30,
held on
was
the reorganization
court entered th®
of the properties
of the old
company and
its receivers bid in by the reorganization
manager at the foreclosure sale, except for bonds and stock of the
John
L.
Roper Co. and certain securities
deemed worthless, were
: transferred to the new company, Norfolk Western Ry., on Jan. 21,
1942, free and clear of the various liens securing the funded debt
of the old
company,
but subject to equipment trusts and to pos¬
properties of the old company were bid in by
under the plan.
On May 16, 1941, the
decree.
Pursuant to the decrees, all
the
manager
confirmation
defects
sible
About
of
96%
of
bonds
title
;
is
It
the
of
the
old
parts of
the company's property.
price was paid through the use of
certain
to
purchase
system
company
that
contemplated
deposited
under the plan.
the receivership pro¬
decree terminating
a
ceedings will be entered in 1942 A
of
As
12.01
$17,328,000
A.
M.
Jan.
1,
A
*
(the time
1942
as
of which the books of
opened) the fixed long-term debt was reduced from
$6,213,000 (including equipment trust obligations and
were
to
the secured note
including
be issued
to
of $368,000 contemplated
in excess
of not
pursuant to the plan) A
company; its
(the day before
opened) and
the treatment (per $1,000) provided in the plan for the participating
holders of said securities and of allowedAunSecured claims against
the company.
A
The
and
the
as
date
the
1941
sets
its
which
of
books
the
of
the
old
of
31,
forth the securities
predecessors as of Dec.
following
receivers
were
company
Will Receive-
Existing
Securities—
Outstdg.
Com. Stk.
Scrip
Inc. Bds.
Series A
Equipment trusts,
series
$376,000]
4s
A,
Equipment trusts,
series B,
523.000
3s—
Will
Equipment trusts,
Series C, 2V2S_
undistributed
remain
122.0001
Equipment trusts,
series
906,000 J
D, 3s___
Norfolk & South.
1st 5s,
'41_
Each $1,000—
"A
A.' V-'l
7
-
'"i A
A
•A
Cape
&
i!?»
V*
450
'A .V\ -a", .AA"
Raleigh & Southp.
". 1st 5s, '65—
of
larger
business,
quarters
Y.
on
City Office—
Metrooolitan Branch
the 17th floor of 111
the
:A A
'J
a
'
i
187,000
:'A
500
——
———
A
'
:
1
82,000
'61_§U1,604,000
1,160,400
5,802,000
100
1,770 shs.
(
<
1
A.-.a
,
11800
;
.
Norfolk & So. 1st
&
ref.
5s.
Each $1,000—
Rv.
&
tt55,G99
shs.v
—
,
creditors AA:.———■
A:-;.
"100
350
See
12.275
couponsCommon
stock
16,000,000
Note
1 sh.
1
coupon
1,
due Nov.
pledged.
$316,000
quent
coupons,
coupons.
*fFour
a
With
/Ai.iA
shares
on
See
1932,
Note
3
.AAA. '^AA;A/:aAAAvAA
:AA,. A :.yA
and
t$50
scrip for
addition each
coupon
due
Dec.
A-A'.AA.A'7V:A'vAA:A
account
j
See Note 2 A
subsequent coupons.
Amount
series :. A bonds and $50
serin for income bonds.
In
$1,000 bond will receive
$8.33
in
cash.
fWith counon due Jan.- 1,>.1933,. and subsequent
coupons.
Amount excludes $2,040,000 pledged.
liOn account of accrued
and unnnid interest.
§With coupon due Sept. 1. 1932. and subse¬
-•With
]
|
64,200
224,700
tt642,000
Unpaid
excludes
;A
4.08 shs.
_
Qaro.
1st 5s, '52_
Each $1,000—
General
<
*
♦*4.76 shs.
,*/ j ^
;
500
500
Each $1,000—
'A
131.200
1111164,000
'40
433 shs.
v;
U3.16shs,
J*
A;.
100
>AshA
5s.
1st
———
37,400
a374,000
Each $1,000—
RR.
.
,
v!v'A
137,000
1,000
§137,000
.
Each $1,000—
&
V
2,475 shs*
•
U3 shs.
'
Fr. 1st 5s, '43-
Aberdeen
550
,
-;A' i"
.
.A .AA '.-A" *
453,750
371,250
Each $1,000—
Raleigh
1,100
AAC-A/A.,/;'";1
-
$825,000
mtge. 5s, .'54—
:
»'
$165,000
A UQQ,
$165,000
1.00
n,655,000 $1,820,500
„.
Norf'k & So. gen.
Suffolk
Y"our petitioners propose that the r**organized Old Colonv be capital¬
at
$40,000,000 and that of this amount $10,000,000 shall be
ized
first
'
between the Boston & Maine and the Old Colony,
or
agree
The directors
can
bondholders and minority stockholders through the exchange of some-,
thing of greater value,, actually or potentially, than that for which it
is exchanged.
The simple way to avoid the difficulty is not to make
cancellations
r..\/A;
" *
Long, James F.- McMahon, Daniel Pingree
;
Colony
Haven participates in the distribution only to the extent that
Haven is a creditor of the Old Colony.
7 "4 "
/""A'
aa
the Old Colony;: the New
the equipment now used
on that road until the Old Colony can secure equipment of its own.
A
In summary, we ask that the plan of the compromise committee for
the
reorganization of the Old Colony, or
a
similar plan, be no£
accepted; that the Old Colony be preserved as a going concern, inde¬
pendent of another railroad; and that, the full value of Old Colony'*
assets be reflected in the capitalization of the reorganized railroad.
Finally, we wish to draw the attention of the ICC to the fact thafc
unsecured claims of Old Colony bondholders and stockholders must be
satisfied in full before any securities are distributed to present pre¬
8
proposes
why should, this Old Colony asset of great value
amongst New Haven creditors, as such, at all?
Old
distributed
$40,000,000. AA
bargain at arm's length with that road or
should
released,
question here
in
of the
on
Haven
scaling
interest
■>"
/
common
wish
merger with another road.
To facilitate independent
to
Due
the
exceed
not
1;
x
new
capitalization
total
provide working capital.
the company
reorganized New Haven RR.
various
category.
the
.
Co.—Moves N.
volume
moved, to
:•.
the
on
offices
these
minority
New
time of
dividends
the
$1.25 per share on the $5 cumulative convertible
be
possible,"
as
been
,.
imposed by the 1941 Revenue Act, now in effect.
been accrued at rates
Colony
RR.
to
bring to the attention of the Com¬
and minority stockholders of the Old
New
New Haven
that
at
Colonv
Dividends
the
since
and
other,
exact statement
Interest
their
Haven
of
and
and
,
.
Old
the
this
that
holding of New Haven common shall be trusteed
dividends shall be used to retire first mortgage bonds.
When¬
any stock shall be sold by the trustees in favorable markets, the
Harrison
this fraction of New Haven earnings
after fixed charges and preferred dividends.
New Haven fixed charges
$3,520,468 $14,796,566 $15,059,422
0rl5,557
123,829
.124,499
:
in
but the present is not the time for such a union, since the Old
under the ever present thumb of the New Haven, is not in a
Colony and
owe
cancelled,
accordingly
55,972,492
?2,971,601 ;3,918,020 ♦13.257.0Q7 •10,448,625
,
Net■, Operating income; .$$,787,175
Other -income (net) —Dr8,359
the
interest of
be
L— $22,079,285 $20,613,338 $87,913,219 $81,480,539
revenues
of
Com¬
'Moody's 1941
Railroad
Manual,' the approximate total
all unsecured
claims is
$92,000,000.
fThis total excludes the suggested $4,000,000
settlement of the Bankers' Trust claim.]
The principal of the Old
Colony claim against the New Haven has been set at $47,186,963, of
which perhaps $4,000,000 is in the nature of a prior lien (the bankers
Trust claim) and the balance is unsecured.
By division it will be seen
that the Old Colony has an approximate 47% of all unsecured claims
against the New Haven and will, when reorganization is completed,
Telephone & Telegraph Co.—Earnings—
Period End. Mar. 31—
Operating
of
who
and
"V:?-;?■/./vx/
A-■
is
such
holdings of Old Colony stock might be offered to other
a
share-for-share basis, at a fair price.
Provided a
plan similar to that outlined above were adopted, the undersigned
stockholders would be glad to participate with others in the under¬
;
Oppose
■■
representation
no
Haven
"The
1603.
p.
rV:
"
New England
f
Colony
Coolidge of the committee represented the directors of the
not
Gas output for, the April 17 week is ^reported at 116,038.000 .cubic
an increase of 20,007,000 cubic feet, or 20.83%
above production
96,031,000 cubic feet in the corresponding
week a year ago.—
r
Old
of
bondholders
the
entitled, of the
electric
increase of 621,462 kwh., or
kwh. for the corresponding
feet,
of
claim
value
par
,
-
»
"Mr.
worth
i '
this electric
17
-
of
one
tively expect to receive from that property.
The owner has the choice
either to accept the prospective buyer's estimate and sell at once, or
to wait for a possibly higher bid from a person with more sanguine
expectations.
Whichever he does, provided only that he is under no
compulsion to sell at a price below what he considers fair, and the
prospective buyer is under no compulsion to buy, the sales price, when
the sale takes place, is the value of the property.
"It-is evident that the value does not exceed the discounted worth
of all future net Income which the buyer expects to. receive.
The
greater the competition among buyers,
the nearer does the value
approach the estimated discounted worth of future net income.
In
the case: of the Old Colony, the largest source of future net income"
is probably the ownership of the common stock, to which it- will be
JA : • New- England Gas- & Electric Association—Output-—.
.
what has been
states, in part:
"The main point at issue is, thus, the value of the Old Colony.
The
maximum amount of money which a prospective buyer of any prop¬
erty, would pay for that, property at a given time is the discounted,
.V
.1
the
toward
5%
/■:
Old
The petition further
holders of record April 30."
cents per share paid on
*
of
forward
Old Colony
Old
the
as
75
-.v..
of
bondholders
'
v
the
that
stockholder,
•
of
are
now
stockholders
Colony,
offset
merchandise,
substituting a considerable number
difficult to get.—V, 155, p. 1515.
stores
the
for.those,
Stockholders
that
mutually
.New Alinadenl Cprp.^-50-Gent Dividend—
<
.
that
items
cited
He
war..
adding
fairness
the
New
JosephM. Neisnery President, at the annual meeting on April 10,
stated that the company plans no new retail outlets for the duration
new
:
the
supports
consideration
trustees
•
"... of the
principal amount in
reorganized New
$2,314,000 of fixed
bonds of the
..was connected with the Old Colony in any way."
They also petition that "the claims of the Old
'>"?*r'Nelsner- Brothers, Inc.—No New Stores Planned—•
...
claims are offset. Old
their
of
recommended April 4, 1942, by the "compromise
They believe that this proposed consideration is far below
that:
„*Includes. provisions, for Federal taxes of .$49,010 for current month
$128,609 for the 12 months ended March 31, 1942, additional to
the amounts reouired under the Revenue Act of 1941.—V. 155, p. 1602.
v
after mutual
207o
in income
opportunity of going
ICC
value
Old
and
-
the
the
$1,220,939;
the
Colony had
499,100
>
the
mission
$1,720,039
$876,990
further
receive
15%
the
Cr3,873
$1,376,090
499,100
will
joint report, and shows
recent
committee."
113,940
Crl9,420
terms whereby,
bonds and
Certain
at
210,000
.
the
bonds
Certain
,
742,500
8,842
10,752
Ctr3.23&~7~l
the
in
t'
compromise
many
has
with
$2,782,606
.17,500
17,500
'
$2,426,691
61,875
V
61,875
Interest on,deb. bonds—,
Other int.; and deducts.
-v
v
$212,674
.
,
by
,
court's
promise Agreement—
i-3,427-
'$
$157,037
Gross Income
t
s
1
the
income
holdings.
with
New Haven's
reorganization,
security holders have agreed on without further delay.
$2,779,179
,t»vNet-"Oper,--revenuesi-';
of
plan
satisfied
its
stockholders
of
its major objectives—reorganization on
a
system basis.
But the
parties insist that of the proposals for the Boston & Providence cannot
promptly be approved, the reorganization of the New Haven and of
the Old Colony should be permitted to go forward on the terms their
10,600"
9,480
800
December
last
a
less depreciation, of improvements.
the record has
which
be
their
to remind those who may think a $40,000,000 capitalization '1
Colony to be excessive that the ICC found in its segregation
study of March' 22, 1940, that the O'.d Colony's operating properties
alone has a reproduction value of $53,679,258.
Included here are the
value of land and of right of way and the cost of reproduction new,
and $1,735,000 of income bonds, which the joint report
be issued for the properties of the Boston & Providence.
parties to the brief believe, in view of the, substantial
agreement among the major creditor interests, that the Commission
The
i-Amort.^of >lhnited-term
*
It
interest
642,500
692,500
•
in
desirable
shall
of
The Old Colony
We
of
proposes
;
{/./♦/^appropriations'-i---*
manner
claim
mortgage' :
cumulative
any
after
and
found
respects
embodied
were
bondholders
Haven.
679,927
824,171
'
854,092
the
Commission's
which
fixed-interest
^ 3,803,066:/
1,169,719
It shows the full
in
and 4l/a%
principal
proceeds shall also be used to retire first mortgage bonds.
After all
first mortgage bonds are retired the trustees shall retire income bonds.
The trusteeship shall terminate (a) after all bonds are retired, and (b)
Beckwith &
by others
group;.
committee,
Attorney General of. Massachusetts,
supports the recommendations of
fairness of
the
$8,739,377
4,163^005
-
bondholders'
bondholders'
brief
committee,
,
354,817
.
taxes
$9,314,031
Old
the
for
Haven
of
might be desirable,
The
-
;
...
,,
taxes*-—'
r direct
'Federal
$708,612
.
counsel
'<•. /
witli:
full
;
writing of such an offering.
Eventually a union between
Assistant
1942—12 Mos.—1941 A
1942—Month—1941
$780,684
,
Westchester
Line
supplemented
now
Operating
Ooolidge,
common
•
syndicate shall be formed
and
(8)
commended to
it the report for dealing with the Old Colony and its commuter losses
rendered by the compromise committee appointed by him, consisting
of Messrs. Sunderland, Coolidge and Dorigan, and J. Burke Sullivan,
Nebraska Pawer Co.-—Earnings-—
;
/ Period Ended Mar. 31—
A.
by
'
•
•
a underwrite the sale by the
New
present holdings of Old Colony stock.
.■ A
(7) Securities received by the Old Colony in exchange for New Havea
first and refunding mortgage bonds shall be sold to liquidate
unpaid
and
also signed by Russell L. Snodgrass, counsel for Recon-I
.
• <■
Charles
interest
disapproving the
$500,000
around
estimated
were
-
..
and
/
remaining
Judge Carroll C. Hincks of the Federal Court in Connecticut who, while
included
not
Haven,
was
accrued
New
and
of
Haven
7'AA/
v"
Finance
The
been
between
at
t
which
company,
It
recent joint report.
•J. Henry Lienau, retired as a director at his own request although
continuing In his capacity as Vice president in charge of Long Island
City operations.—V. 155, p; 506.
x
railroads;./,f
Colony
reorganization,
•
holdings,
the
preferred stock.
the
A
(6)
*
Ha^n,
New
their
of
reorganized Old Colony
is filed
representing,
the
Van Slyck for
who, together,
AiS-A
the agreement which,, after
more than six
years of litigation and after four separate openings of
the record before the Commission, has now been reached between the
principal New Haven and Old Colony creditors and embodied in the
gross"-
$1,500,000
of
New
the
million,
:VEarnings
r
of
after
:
Present Old Colony stockholders shall receive
ever
the
for
equivalent to ../between $1.75 and $1.93
per share on the 568,185 shares of capital stock outstanding.
AA.AA
v Questioned
as to dividend possibilities, Ellsworth Bunker,
President,
declared the company felt working capital should be built up first,:
considering the drain of deficit operations prior to 1941, uncertainty
over .the outlook, and the cash paid out in the
recent acquisition of
•-■A
Old
1942,
Groups
debt
represent imost of the creditor parties.
The brief emphasizes the Importance of
in
Department
refund,
The
and
and
funded
the
of
(5)
amount
committee; M'Cready Sykes for United States Trust Co.; Edgar P. Baker
settlement
against the original
sugar processing tax declared unconstitutional by the U. S. Supreme
Court, it was announced at the annual meeting of stockholders held
,:A
Haven
Bank
Savings
of
to
satisfaction
bondholders'
Part
Corporation; William J, Kane for Railroad Credit
Corporation; Fitzhugh McGrew for Bankers Trust Co.:; H. C. McCollom
for Irving Trust Co.; John B. Marsh for the
City Bank Farmers Trust
Co.; Malcolm Donald for the Harlem River-Port Chester bondholders'
Refining Co.—Tax Refund—
been
Treasury
and
elected,
•/■■■'
net
This preferred stock shall also be used to liquidate claims junior
those of the bondholders, but senior to the claim of stockholders.
to
agreement for the purchase of Old
proposal with respect to the purchase of the
RR., was filed April 20, ,the limit of the time
third
proportion
cumulative
a
a
directors
Haven
(4)
compromise
Insurance
than'
The
taxes
Colony.
stock (par. $100), $2,000,000; long-term debt,
$724,000 accounts payable, $16,967; matured interest, $825; customers'
A.A deposits, $25,874; taxes accrued, $50,164; interest accrued, $11,172;.,
A.
other current and accrued liability,
$2,100; customers' advances for
construction,
$175;
reserves,- $707,343;
capital
surplus,
$1,329,144;"
earned surplus since April 1, 1938, $35,257; .total, $4,903,021v—V. 151,
p. 1902.
•
the
by the New
struction
Liabilities—Capital
National Sugar
of
more
of
New
in
for
'
:
'V'
in
bonds
prepared by Edwin. S. S. Sunderland, counsel for the
Group; Fred N. Oliver, counsel for the Mutual Savings Bank
Group representing large Old Colony holdings; John L. Hall, counsel
plies, $111,861; deferred debits, $12,484; total, $4,903,021.
■>
bonds
Insurance
,
Assets—Utility
plant" -(including -intangibles),
$4,512,542; special
fund,- 1,000: cash on hand and demand deposits in banks, $176,111;
special deposit, $825; accounts receivable, $88,198; materials and sup¬
1'
the
The
.
The brief was
De<v31, ,1941
Sheet,
*
f
with
Providence
behalf
and
t
Balance
-
&
together,
provision is considered necessary for Federal excess prof-
Note—No
Its tax.
Sup¬
supporting a prompt reorganization of the New Haven
of the Joint report,, which was filed on April 4 and
joint report of April 4,
in
v;
dealt
board
a
preferred stockholders.
prior1 lien shall be satisfied in
series A first mortgage bonds. '
*
^
' A
(3) Old Colony bondholders shall receive series B first
fixed by the Interstate Commerce Commission at the
February hearing.
This brief, as in the case of the
41,718
,
.
and
;
basis
Colony and contained
.$103,868
$97,923
-A fr
——
brief
the
on
Boston
deductions.!--
under
man¬
,
.
Compromise Report—'■
A joint
,
RR.
Gross-, income
Income
cent
iA- 603,189
592,174
i
.
port Proceeding with Reorganization of New Haven, Old
Colony and Boston & Providence Roads on Basis of Re¬
$692,506/A $709,861;
J-i
Operating revenues ——.A——I*-—-:.—— •' ■
.
New York, New Haven & Hartford RR.—Parties
*
'
/
-
(2)
Annual Report-
Nashville Gas & /Heating Co.
;
under the
is
of
;/V'
1, 1932, and
A : A A A...
principal and
0.76
share
subsequent
A A
on
•.
"
account
j
THE COMMERCIAL & FINANCIAL CHRONICLE
1682
:
accrued'and
«of
and
IMWith coupon due . Jam 1, 1933/
(|Includes $300 on account of accrued and
due Aug.. X, 1932^ and subsequent
excludes $2,039,009 held under escrow agreement
coupons* -
interest.
HWith
Amount
Coupons.
interest.
unpaid
subsequent
unpaid
coupon
and $511,000 in- treasury.,
ttlncludes four shares
account of prin¬
on
and 0.8 share on account of accrued and unpaid interest.
In
addition bondholders will receive per $1,000 bond 10 shares of capital
cipal
stock
of
Co., Inc., which holds the bonds and
stock
of
John- L.
Roper Lumber Co*, formerly pledged under the
first and refunding mortgage of the old company.
ttWith coupon
due Jan. 1, 1933, and subsequent coupons,
Amount excludes $50,000
pledged and $8,000 held in sinking fund.
Note 1-—Unpaid coupons due prior to July 28,
1932, the date of
appointment of receivers, but not presented for payment before that
date; will be treated the same as the principal of the respective
issues, subject to the right of the reorganization manager to make
,
Z
physical
Mlscell.
prop.income-
Divldend
90,618
486,249
fundsfrom? unfunded
'
:
accounts
97,797
income-
7,968
securities
&
Miscellaneous
1938
,
n
.
Gross income
; . h 568,207
'
;;
*
<35,9211
749,40b
in
ing
rents—
funded debt—
89^387'*'
<138(374
12,105
32,798,565
contingencies, as a reserve for valuation of invest¬
In reviewing the carrying value of the company's invest-V
.the, management has* given consideration, to the unsettled
market! conditions, at the .end of the year and to. other*factors affeoting the oompany's-investments.
As a result, the board has made
an1 appropriation
of $20,000,000 from .earned surplus, as a further
reserve
against ^investments*.
The increased. reserves, are in excess:
22,764,558'
240
,
r
^
11,261
.
Int.
on
Int; on* unfunded'debt-**
,
607,549"
charges—
income
Misc.
5,383
purchase warrant entitling the holder to- purchase
during a period of three years* after Jan. 21, 1942, on stated condi¬
tions 3/100 of a share of common stock of the company at $10 per
share during the first two years and $12.50 per, share the third year.
Note 8—-General unsecured
claims, not entitled ta a preference,
are entitled, when allowed by court,
to. receive common stock at rate
of. one-fifth; share for each $100^of principal and interest so allowed.
Preferred
unsettled
claims
cash'.; :'•
*•
at-
consummation
X.
...
-A,
of
plan
will
be
amount
1
649,527
it
/carried
—
/X/-X—--JUS''2:748(027'?< 2,758^287%' 2;794;326y ^;750,871^
■'
/ Net
..///: :.:/v
income
Dividends
on
stock
pref.
———
'•"
ii;^'
'-'v-v ■:;v
?
•
ctions
31,383,976
911,855
913,380
913,720"
21,097,245
21,097,245
21,097,245*
14:064,830
5(184,903
9-373,351
7,9901273'
"5,032,357'
'
30;001,238
20,013,686
X-
916,500
-
under
.
conditions
such
those
as
which
exist. '
now
Expenditures—Gross* expenditures
in
1941
paid;
Balance, surplus
—
...
'
..
.
.
4'
l'
'
i
1
addi¬
the
'
v/,v//
:
.
for
to
,
.
•
out
.
would
plants* and systems ot North American's - consolidated sub-r,
/sidiaries amounted-ta $45,200,000, oompared with $25,000,00(1 for the'
: same 'subsidiaries, in -1940.--:-:r
/V/
;
Their construction, programs at* the beginning? of 1942 amount to
more than $65,70Q,OQO..
Of this total it is estimated that. approximately $46,100,Q00 will be * expended; during the current year- and*
*.;.
27,194,003
_—U—
adjustment
(4%)—
dividends——
Common
.
to
for, future
appears-
Construction
'
Total
beHeved
be necessary at Dec. 31, 1941.
They pro¬
contingencies and, in. particular, , for- loss
subsequently result on our. investment in.
2,522
"2,142;256/ >North American Light* & Power Co. common stock if the proceed¬
ings in;, connection, with,, the. proposed., dissolution of. lhat company
26,989
are,
required- * by the* Securities and; Exchange. Commission to*. * be
r 578,862*
stock"
common,
.
however,
vide,
which
2,136,840
>46,818
:v577,829
>
the
of
240
2,336
2,131,154
'
'
one
2,366
.
foe
reserve
ments,
/ 10,578
'
and
15
,
82;034
•
120
2;120,879
16,293
Miscellaneous
fund
April
55,533
34,142,263
2,946
sink¬
since'
of last year, company has retired $23,524,000 of debentures,'
reducing the amount . outstanding, from*. $70,000,000* to > $46,476,090..
Since "Dec;
31, 1938; an amount of. $321801,970 - has been carried v
99,768
360'
roads
$524,000 debentures, wero retired through
$3,000,000 additional on. April 4, 1942.
Thus,
February^ 1942;
2,208"
95,330
705,487
•
?
/
32,641
9,872-
*
29,942,030*
-
Rent for leased
In
w,
.2,057
89;04O
-'62,404
36,493'
ments.
reserve
Income
,
1939?»
'
59,779 ? .
79,552. V
36,448* '
•
.
107,857
etc.,
;.,-.v
1,-763
-
-
36,604
Inc. from funded secur.
Income from sink, fund,
;
payments^ ta avoid issuance of scrip in too small fractions*
Note. 2—Common stockholders wilt receive, for each share held
in
,
Monday, April 27, 1942
,
cash
•:
rent income—*.
Mlscell.
«.194dx,
1,911
36,748
lease of road
from
Inc.
Realization
Roper
1941?
the? balance- during; : 1943 / Included' in these figures are
crvnntiAW
'
riihoi/lwiKioc
At
KfAttfn
A
*vi
con¬
An n
expenditures, of subsidiaries of North American Light <&'
Ppwer Co., whose gross expenditures for 1941 were $2,000,000 and',
1,406,507
Annual r;
.V
- Annual
1,406,483
1,406,482
(par $100)
—
whose budget- for 1942 is $4,300,000;
: / .V ''.
:
XXX
$18.68
$21.66:
Amount
interest
$20.68*
Earns, per share com.—
paym. of
^>.'$13;5T
/Financing of Construction—The North American Co. was directly/
Equip, trust certificates: / Authorized
outstdg,
require.
principal
Balance Sheet, Deo. 31;
/instrumental in furthering the construction of new plant facilities
Series A 4%__XXX:
$960,000
$376,000
*$13,473
t$94,000!
1941 *.
.<.1940 ...» ; by its
purchase of $10,000,000 additional common stock of Union
Series B 3%——'
/
607,000
523,000
*15,165
142,000
/Electric Co„ of Missouri as part of a financing program: carried out ;
Assets—
Series C 2y*%—'
136,000
122.000
§14,000*
*2,817
by that .company last.year. *,.r
„'//V:/•■*■:*/
; Series D
3%
investment in road and equipment
519,711,874t 506,914,311;
938,000
906,000?
1164,000'
*25,900
Plant' construction by Wisconsin Electric Power Co. was financed*
Note to RFC/
368,000
368,000
14,720
Sinking funds..————
2,900,010 V 2,904;785>;
out of current funds and, through, an arrangement with the holders:
First mtge bonds, series
Miscellaneous physical properties.—4,113;503
*'/■,I
fl ([21,614
4,024,072*
of. its promissory botes under which the duo dates of notes,
aggre-/
A, .41/a %, 1998X—_
4,322,800a113,918,000 '
■
Deposit on' lien of mortgaged property sold^u ^ i - a ^ - i:*; 560-'^
176,310}
,
gating $4,000,000, payable in 1941, 1942 and 1943, were each extended
1
investment in affiliated' companies____^_^__i__-;f 9,699,940>: 10;884,975,;
other Interest-Bearing Securities of the Company
'"for a period-of eight years.'
Other .-investments:
i'_r^:.':TO,581,072/ 10,455,879/:
Gen. mtge. conv. income
-/■■-■"'■J
Wisconsin
Michigan- Power Co. arranged $2,000,000' of financing;
Cbsh
\ 15,257,303
26,182,135:
5s, 2064
$6,892,300 a$6,892,300
b$344,615
b$34,461
for new construction, one-half through the issuance of botes matur-'
Speoial deposits?
■. / -934,495
'. .683,107'
*
Interest requirements for
ing at the rate of $200,006 per year during the five years beginning,
year commencing Jan. i, 1942, reflecting
Temporary cash investments —
——i—. 20,040,000 fcr
with 1944, and the balance by sale of additional shares- of its com¬
payments on account of principal, during, that year. tPayable in semi¬
'Loans-* and1' bills" :received';^/£i-i/t/.ii.-'i^i—I-^;>/i-!':/'::5,350';*:^::?''/**3V750 *
mon stock to
Wisconsin. Electric Power Co. *,
annual installments of $47,000.
;•
: :
t Payable in semi-annual installments
Traffic and car service balances receiv——4,781,195
4,257,407
The Cleveland Electric
Illuminating Co. did not require new if 1of.$21,000; $20,000 on and after Nov. !„ 1943. JPayable in semi-annual
Net balance receiv. from agents and conductors
? 541,189 /cr 385,565?
installments of $7,000; $6,000 on and, after Feb. 1, 1949.
i qancingvfor its construction program. ... v ;
V
*
;
• *
4
tjPayable in
Miscellaneous aocounts receivable.
4,038,129
2,699,857
In order to finance 1942 construction, Union Electric Co. of Mis-,
sefni-aqnual installments of. $32,000; $31,000 on and after Aug. 1, 1945.
Material supplies
"10,999.669';
7,686,729>
souri announced* in March, of this year the offering of an additional
JIKPayable only out of income after fixed charges available therefor
Interest and dividends receivabie--i_-/w/.__;_;_:_?i' .■ / ' 37,073;
54,238^ * > issue of $10,000,000 of its 3%% bonds *(V.
as provided in the first mortgage.
155, p. 1420).".. ;.:/i
As long as the RFC loan or any part
Other current assets_J-__.^^_------U--^-r.--'. 1,086.^;'^. .l>405l(
/ Potomac Electric Power Co., whose accounts are- not consolidated,
thereof is outstanding, such payments shall be applied to reduce said
Deferred assets
—/i-——/'■ '■ 102,697 "
185,970'
will require additional financing
this year to a* total amount of
loan; thereafter such payments shall be applied to the retirement of
Unadjusted debits
1,249,718*; ; 981,229 ' /approximately $7,000,000.
series A- bonds.
The sinking fund payment of $21,614 due within 30
It is
proposed that
$3,000,000 of the
/amount needed be furnished by the purchase of additional common;
days after the actual delivery of the first mortgage was paid to the
Total
604,994,869? 578;305,416
-stock of .Potomac Electric by its parent- company,
trustee thereunder on Feb. 20, 1942.
the Washington
ttExcludes the $404,800 series A
•i
Liabilities
N
^
•*
-i v •v-? * *■> ^ v
■ -v
bonds to be pledged to secure the 10-year secured note of $368,000
Railway and. Electric Co., out of. its own treasury funds,; and the:
Preferred, stock
22,682,000';. 22,834,500^• /balance by the sale of bonds by Potomac Electric. ^
which will evidence the RFC loan when consummated. Interest will not
/
Common stock
140^48,300, '140.648,300;/. / : The construction -program for Potomac Electric Power Co. Includes
be payable with respect to series A bonds so pledged,
a These figures
a
Government grants,
50,000 kilowatt unit ip 1942 and. two others of the same capacity,
539,455s, ■ - .. 466,026
represent maximum amounts of bonds issuable pursuant to the plan
and the full amount will be issued* only in case all bondholders of the
Long-term debt
51,446,532., 51,737,532.. /one each?, iri.:i943',-an4'-1944..:-^r-;/;./iZ;//Z':iK:^
Traffic and car service balances payable
;
—
:
173,546
old Company and its predecessors deposit their bonds under the plan.,
Income Statement for Calendar Yeara.
''
t
Audited account and wages payable
/ 5,110,231* • 4,61.4,144.
b Payable only out of available net income as provided in the general
Miscellaneous accounts payable
—_—
128,797 ; ; 105,420
*.
.(Cpmpany Only) .
«,
!
mortgage. Amount subject to reduction in event of conversion of in¬
1940
Relief fund (cash held in trust)
/, 56,389
.
70,172,
come bonds into stock.
Payment of interest for the years 1940, 1941
$21,663,777 $21,049,103-:
Interest matured unpaid*
and 1942 has been postponed as permitted by the general mortgage.
,.r^>230,830*:^.;,>:99,050s/ Income—Dividend
/ Interest
_ v.<,*372,905^;,, 567;784\
Dividends matured, unpaid
: 246,413,:.-, ,-221,276:/
Norfolk & Portsmouth Belt Line RB.—As provided in the plan, com¬
Fixed; Interest-Bearing Obligations of the Company
r
struction
outstdg.
Common shares
,
.
?
,
_______
—-
.
>
*
,
__—.
,
.
-
,
—
-
.
■
.
'
.
'
-
w
—
,
ties assumed the obligations of the receivers of the old
pany
under
an
which,
Belt
with
agreement
Line
which
under
RR.,
company
other proprietary railroads, each of
capital stock of the Norfolk & Portsmouth
seven
72 shares of the
owns
the
receivers
and
the
other
seven
pro¬
prietary railroads jointly and severally guaranteed the payment of the
principal of and interest upon the $700,000 10-year V/2% serial notes
of Norfolk & Portsmouth Belt Line RR., and under which each agreed
.
to
advance
tember
1
to Norfolk &
in
each
Portsmouth
Belt Line RR.
on
before Sep¬
or
beginning Sept. 1, 1940, and for nine con¬
secutive years thereafter, the sum of $8,750.
If any of the eight pro¬
prietary railroads shall default in making any such advances, the
amount thereof shall be advanced by the other railroads ratably.
?
year,
.
, .•226,820.,
228,345*
accruedw^--——/„;503,18LT^i 505,914.
113,650:iv-v?. 73,517;;
Unmatured
dividends declared-..-———T.—
Unmatured
interest
Total
1,109,691
liability
:,27,964,728*;;;,13,951,642* Deferred -liabilities, ^'*~.«165r47Yv-.!...,.,-; 31,34^/
Unadjusted credits
—« 85,190,07ft
78,702,623:
Sinking., fund reserve———•<.-4-:,-', 3,675,822: > 3^07,^761..
Funded debt retired through income and surplus
47,234,000 * 47,234,000
Additions to property through income and surp.
44,905,519
44,900,699Profit and loss balance.
173,726^60 168,399,603;
—
for
Calendar
Years
'
•
—V.
155, p. 1603.
,
interest% charges_i_i__——
' Balance
310,531.
2,637:500:
-.54,305
6.423'
■
preferred stock of the company__
for
commob
1,056,861'
658,500 >
2,224,167
46,039
i/Balance for;dlvidendis/.:i./_i^^
604,994,869 578,305,416.
;
*
,
323.042-
on debentures_______
Amortization of discount and expenses on debs.
Other*
660,000
*
Interest
Dividends-on
Total
$21,616,887*
$22,036,682
Federal:., income!, tax_^—
Other taxes
:
•
Income Account
Income
,
tax
Accrued
„
,
current liabilities-;-*-—;;
Other
,
,
divldends
$16,892,767;:
*
3,821,400.
3,821,254
>
.
and /surplus $13,652,489 $13,071,367
$1.59'
$1.52
Earnings per share of common stock.
(Norfolk & Southern RR. and Receivers)
1941
Railway operating revenues
Railway operating expenses————..
Railway tax accruals——--—/—..—.-——X—X-_:_
*
"
1940
$5,640,838
3,688,822
384,248
North American Light & Power
-J
$4,559,247
4,137,478
laquidation—
Securities
The
397,518
*
Kansas
Dr$269,794
Pr$225,302
12
$849,318
$247,605
/• 188,178
___
185,891:
It
'$433,496
$1,037,496
'
Miscellaneous
Fixed
deductions
charges
377,439
871,807
.:
————.
5,093
*
proposed
is
of Kansas Power
President
Commission
has
A.f
_**
acted fayorably
on
,
that Mr.
Ackers
will continue to
;
Power
ii
a
subsidiary of North American Light.
Deficit after fixed
charges.
155, p. 738.
^
:
$211,750
$465,546
v
Norfolk & Western Ry.-—Annual
•
Operating Statistics for Calendar Years
1941
Aver,
mileage
1940
2,188
1939
2,190
56,061,773
2,190
mile
17,305,604
15,482,984
47,841,955
13,400,567
39,736,795
1
Rev.
1
mile per
7,906,615
7,057,661
6,117,081
4,978,132
0.655 cents
0.648 cents
oper
(000 omit.)
road
Aver,
per
mile
rev.
ton
The directors have
common
•On
:
<
Aver. rev. per pass, mile
0.661 cents 0,666 cents
$40,421:08
1,047,732
1,238,648
83,096,181
85,838,986
2.030 cents
2.291 cents
$1,728.47
$1,654.26
per
$21,750.46
$19,170.64
$14,010.60
road
Statement
Income
for
Calendar
1941
1940
$
$
Years
1939
1938
~
Operating Revenues—
Freight w———
113,337,080 100,305*450
Passenger
3,734,512
2,093;904
Mail
—X_—_X——-"' ,1,456,612
1,363,809
Express ———391,680 * - 409,145
—
Z/4
$
72,898,946
1,942,334
1,245,285
88,549,647
1,903,724
1,321,994
405,942
All other transportation
481,910
380,345
Incid. & joint fac.
775,120
675,968
574,704
; '
(
359,117
revs.
■Total
-
120,176,914 105,228,621
93,115,128
303,758
324,564
448,053
/
77*162,942
Operating Expenses-
Maint of way & struct.
Maint; of equipment—
•
Traffic
—
Transportation
Miscell.
———
operations——
General
Trans,
for
'Total
Net
Tax
rev.
,
invest., Cr__
11,837.483
22,698,404
1,838,983
24,636,037
274,279
2,408,008
54,212
—XX-X——XX / 63,638,982
from oper.
accruals——
56,537,932
32,139,362
.
Railway oper, income
Non-Oper. Income-
10,693,142
20,831,412
1,760,293
21.922,182
224,197
2,296,271
-147,174
>
9,266,189
17,436,573
1,712,475
20,378,629
8,078,287
15*128,096
1,666,576
19,220,704
210,858
200,056
2,173,218
59,556
2,123,587
46,588
57,580,323* *51,118,388
46,370,719*
.
41,996,740
30.792,223
18,167,944
13,459,336
11,485,030
Net ry. oper.
income.
-
29,480,352
28,537,404
19,307,193
4,818,297
3,889,569
45,164
3,274,159
31,900
2,571,797
37,582
178,171
Drl60,854
Drl84,247
Drl60,707
4,677,708
Hire of freight cars, net
Hire of other equip., net
Joint facil. rents, net
24,398,570
3,773,879
3,121,813
2.415,095
29,076,278
33,254,232
31,659,216
21,722,288
4.006-
■■
13,727,790
Balance,
for reserve? for investments
20,000,000
566,984
Power
Dec.
31,
=0?.;!•V4.,'K*V■■■r'
-
1941_—$23,250,809*
byi distribution/of/certain*
/
ihvestfnent$' i Or ;
cashi
of such investments: Certificates for participating
-ownership of deposited shares of common stock
Washington? Railway and Electric Co., distributed April 1, 1941/
stated-at aveerage cost (approximate market value at date of decla-1
ration $3,515,000), $971,893; cash paid in lieu of fractions of partici¬
pating units, $447,997; shares of capital stock of Detroit Edison Co.,
distributed July 1, Oct. 1 and Dec. 30, 1941, stated at approximate
average
cost
(approximate market value at dates of declaration,
$9,156,000), $11,262,416; cash paid in lieu of fractional shares of
lieu
Units
>
Of
of the Northern States Power Co. system for the
18, 1942, totaled 33,151,000 kwh. as compared with
of fractions
of
beneficial
•
capital
corresponding week last year, an increase of
stock of Detroit? Edison Co., $1,045,484V "
Balance Sheet, Dec. 31
Co.—Annual Report— E.
American
L.
Shea,
1
*
,
(North American Co,)
1940
173,013,111
169,989,418'
/'■iAssefs—1V.
Investments—Securities
President, states in part:
*
Advances to
net
income of the
company
for 1941 amounted to
and was equal, after payment of preferred dividends, to
$1.59 per share of common stock,
compared with $1.52 per share
for 1940.
These' corporate figures include only that part of the?
earnings of subsidiaries received' as dividends on their common stocks ?
owned
by
the
company
and the income received on its.? other..
Corporate
Securities
$17,473,743
of
of
subsidiaries________
subsidiaries,, not current—..—
affiliates,, not consolidated^—,;
4,991,923
14,176,599.
63,765,419*
i; Other; security ihvestments--nX^.--i-xX.-,..."
Other ■' investments
pating
Co.
at
cash
Cash
—-I—
4,624,545 ? 4,624,286*
2,480,633 i 11,006,314
501,735.
525,000
;
—XX—
/
,—
—
common stock of Washington Railway' and Electric
the rate of. one unit on each 40 North; American sharps; held;
.
of fractional certificates..
;/X j;,;
directors declared dividenda payable Aprl) 1 for
the first quarter of this year.
These include .regular dividends on*
North American preferred stocks and* a*, dividend on NbrthT^American
common stock similar to* the three preceding quarterly dividends-paid
in
On Feb:
Detroit
13,
1942,
Edison
stock:
-
The
pay ment
of** this- dividend
will/deduce
of Detroit Edison stock. to, approximately 9.6%, /of ;that
company's outstanding shares; - , , *
• > /
* •;
retained last year through this program amounted
to approximately $12,000,000;
Company alsa obtained-approximately
$9,600,000 of cash* from the sale of investments in* preferred) stocks
of Wisconsin Electric Power- Co.: andv Washington Railway* and Elec¬
tric Co.
and in bonds of Illinois Iowa Power* Cn, and- fromv ?the
The cash earnings
redemption of part of its holdings of .debentures -of North American
Light & Power Co.
A total of approximately $21,600,000' was thus
made available, which, with other cash on hand, the company .applied
to the retirement of $20,000,000 of its debentures; end ta an addi¬
tional investment of $10,000,000 in common stock of Union-.Electric
Co. of Missouri as a part of that company's financing program.
-
and. expense on
Discount
?
:
Total/.
1.490,311'
.199,733'
14,911
1,320,986
& 154,646
/
_
.
.639:
.
t
Office furniture and: equipment__——_-X______
.
three quarters the dividend was.in capital
stock of* The Detroit Edison ' Co. at the rate of : one, "share* 6n> each4
50 North American shares held, cash being paid in each' case, in* lieu:
receivables
Other
and for each of the other
X
___—
for
units of
29,822,316
7 :899,042.
T
892,041
"
—*—1—'
*
'>
Short-term investments, at cost
Cash on deposit with trustee under sink, fund
the reduction of the company's indebtedness^
dividends on North American common stock, were paid; for. each' quaf-/; Dividends receivable on? stocks of Pacific Gaster of 1941 in the form* of stock of companies in which the ,companx
Electric Co.and Detroit: Edison Cdixx
has investments.
The dividend for the first quarter .was in. partici-. /Interest? receivable on bonds of? subsidiary—.:
conserve
5,008,629
11,295,717
63,765,419
18,559,900
/ Common stock of Pacific Gas & Electric Co.
Capital stock of Detroit Edison Co
investments.
To
*
1,819,077*
Co., a subsidiary-_2—
427,870
Premium paid and unamortized discount and expenses on
debentures - of the company called for redemption—_____
/1,014,220
in
the holdings
47,648,297
*
1941
North
mile
rev.
/
566,984
618,222
$62,808,927}
series-
2.263 cents
$1,847.79
$25,831.15
Net
1.663 cents
output
April
ended
32,062,000 kwh. for the
3.4%.—'V. 155, p. 1603.
^
.16,987
i:PS'r1.??'■}t"':?.v'.'V7 • A I
Northern States Power Co. (Del.)—Weekly Output—
week
mile
oper.
.
payable June 1 to holders of record May ,15:, This
with 90 cents paid, on Dec. 1, last, and 50 cents on June 2,
V. 154, p. 799.
-
Electric
$33,169.36
$2,673.58
Aver, pass. rev. per
of' road
of
*
per
mile of
road
X—X—' $51,781.65
$45,787.36
No. rev. pass, carried—
2,784,916
1,159,154
No.
rev.
pass,
carried
1 mile———
224,613,973 103,148,389
per
:; v
common
/^ •Dividends i paid
declared a dividend of 50 cents per share on the
\
.
2,002,177
./ Wisconsin Electric
See also
1941.
1
sub.u.
a
__/!
Appropriatlons for reserve for investment in common stock a
?? of North American Light & Power Co.r a subsidiary-.'.Loss * on sale of investment in 4% % preferred stock of;
stock,
compares
:
rev.
10,940,838
mile of
—
Aver.
'
Northern Pipe Line Co.—50-Cent Dividend-- ;
2,197
63,524,421
Rev.
Light & Power Co.,
serial preferred stock—6%
on'
Appropriation
The latter
..
Revenue tons carried™.
American
•
-53/«$>• -series
•
has* been ordered liquidated by the Commission." The Cbm- :
its findings points out that Mr. Acker'believes' because
of hie familiarity with the affairs of North American Light that he
will be able to expedite the liquidation of North* American .OLight. and ;
:/®Mi93r
North
surplus^^^^__;/_^^
«*Tota|w
Dividends
accomplish certain economies otherwise not possible. North/American/
Light is a subsidiary of North American Co.—V. 155, p. 364X ' *
* ' .
Report—
of
additions
■
from.
in
mission
deb.
Other
company
.
—V.
of
•
Profit realized on sales of securities of affiliates not consol.
act as
and that he will continue to, receive
present salary as President: The amount to be. paid1
by Kansas
Power/ however, will be subject to reduction by the
amount of-compensation* he will receive from North, American Light
on a per diem basis for time expended.
Kansas
Statement* cf Earned Surplus,, Year* Ended Dee., 31,. 1941
7
^'Balance;, Dec. r31,.r!940—
$44,132,991*:
Balance of income, year ended Dec. 31, 1941/__
_____ii_
17,473,743 :
Amount in excess' of -carrying value realized on redemption- % ><•*<
'\\
Kansas Power his
893,949
/
Exchange
,
of
(A)
pensation.
Net railway operating income—.--—J
income
*
,
Other
V
&
Power
Section
and
Go.—-Ackers to Direct
;
D. E. Ackers, President of North American and*
Light Co. for exemption from the* provisions .of/
of the Public Utility Act in connection with com- *
application
an
$472,907
$1,119,112
*
debentures^--—_____
i
1
365,766
691,078/
______X_X_X—__/XXrr_XxX—f-X/----/ 281,990,327. 303189,789/
-Liabilities*— J-'X/ : /; ■
stock ($50 paDX^/iX—XX 30;317.950
6%; serial preferred
•r
5.M
.
3Va%
85,726,260* V 85,726.260
($10
par).
debentures,, due. Feb. 1', 1949—
19,700.000" X20.000.000?
24,625.000
3%.%<debentures/ due Feb;..4, 1954-_-XX'_
.
debentures, due. Feb; I, .1959_i_-_/___i/_—:
accrued on. debentures//-^-,—______
Taxes accrued.
Dividends on. preferred .stocks, pavable_—V
765,625
,
,
1,032,680
955,313
within year under, sinking; 7
•
^
:
: •
,! fund
agreement.
X——__1.O5O.O0O
Other current end accrued liabilities225,8'>4
debt
.1,098.050
-
813,340
955^14,
due
Re^ervesrr-Fpr iqyestnjents
O^h.et jesery.es,
Paidriu
qnd contingencies—.
surplus
Earned-
surplus
Total
25,000,008
25,000,000
5
4,625.000-
Interest,
Funded
30,317.958
34,819.000
34,819,000
series
Common, stock
——————:
54,445,122
138,680
:
*206.713;
33,862.581
143,680
312,994
.
—
312,994
23,250,809
44,132,991
281,990,327 302,189,789
THE; COMMERCIAL & FINANCIAL CHRONICLE
V.,.'
*
'
'■
Operating
Gas
\S
■
*
1 ***■*»
/
1
'
j»
••
?£*■''■
-i-
1_"_
Total
■
7";^
1940
'-•(* :
^
$ ' »*.1
service
1939 v
expenses
;
V 'Jjj,-'
17,435,198
17,041,249
34,582,279
9,196,513
154,122
222,504
Interest
profit
•
77,090
i._;
r
,
in'
for
telephone
intrastate
plus
said
that profit for
for
any
which
margin
Elcetric
income
247,697
216,419
2,648,272
res.
46,334
26,563
262,333
57,132
56,186
609,423
25,000
300,000
325,000
term
taxes_
approp.
;
•
■
'
investments
,
2,508,162
'
.
'
."
funded
on
Net oper.A revenuesincome (net)
Other, interest
Interest
to
during
95,089
in
addition
on
the- common stock,
of
Interest
on
Interest
Dr64
J. 40"
;
on "debentures-
Cr210,034
Cr739,60T
;
subsidiaries
$950,264"
V
Cr 72,124
Interest
5,974,570,
1,488,176'.
1,674,072
847
1,250,000
v.
20,272,991
20,316,500
3,821,400
3,643,822
to
Balance
Common
preferred stock:
for
divs.
com.
1,447,394
' Net
•
.,;•
*Includes--cash dividend
•47,348
204
1,698
$61,816 '
$71,501
pref. stocks for the period
$504,051
..
.
.
,
"
^provision for
tlncludes
i
Federal
'--
.-
Sheet,
Balance
/v
;D :
Assets—
-•
The- ICC
v
April 13 issued
on;
,
at
or
near
31
Dec.
.;=••
the
.
:
I9 4 L s
>
and
securities
Investments
Cash
(at
hand
on
Deposits
-3,396,000
for
payment of
'
dividends,
and
Electric Co.
other
Accounts
and
and
matured interest
deposits.—'—
Detroit
4,653,566
12,971,902
subs.
932,553
expense of subsidiaries—
1,689,400
Prepaid accounts1 and« other' deferred; charges— ":2,132,626
5%^
:
Common
in
Minor,
stocks
arrears
int.
in
par)—
of
of
Funded
debt
of
—
stock
and
surplus of
912,517
1,614,788
30,317,950
34,819,000
85,726,260
deposits
and
6,412,251.
15,911,210
subs.
in
Contrib.
11,950,654
2,030,139
of property and plant
For
10,710,116
Net
.3,155,653
2,364.481
a--*—1^712,861
preferred stocks of subsidiaries—
,1,224,649
1,770,684
Other reserves
.
Premium
Paid-in
Earned
on
surphu|'\,•
f-/y. 155,
Appropriation for
!
956,125,776 957,063,677
Provision
North American Finance Corp. (& Subs.)—Earnings—
i
/
3 Mos, Ended Mar. 31—
Operating income:
Operating
Net
.'
•
income
79,180
Miscellaneous other
;
'* Net
inc. tax—*
15,183'
income^——
Balance,
Refund
surplus
for
10,654
1
-
69,695
112,024
$23,693
49,142
?
Total surplus—.
The
discount
828
Cr54
209
*
35,062
93
of
5,556
30.245
—V.
-
Dividends- paid:
■
*
Prior
preferred"-*,—,.
7%
preferred
Class
A
''
698
__
■
•.
902!
20,907
$117,935
$79,859
18,675
-
-
155, p.
1414.
Consolidated
Balance
Assets—Cash in banks and
for
on
$62,132'
Sheet, March 31,
,
$38,826
1942
hand", $288,353; notes receivable'" (less
fixtures,
the
$109,341),
loans,
depreciated value,
$2,676,006,
.
-
$30,827;
charges,
deferred
„
.
—
total,
$14,122;
-
.
.
The
•
Like
Llabilities^Notes payable, $630,000; accounts payable; Al2^05l; divi¬
payable, $22,369; interest on debentures, $1,572; accrued taxes,
$73,958; certificates of investment, fully- paid, $25; 6% convertible
directors
V;
the
declared
regular
stock; both
amounts
155;. p.
have
to
common.1
paid
were
507,
"
extra
an
quarterly
payable May
in
Otis Steel
•
Three
of
50
cents per
the
preceding
three
Federal
Bond
,
tax
int.
Northwestern Bell Telephone Co.—Rate Increase—
Federal
April
Communications
14. received notice
communities
in
telephone
communities
and
Commission,
on
be
rates,
announced
so
excluded
excluded
Spirit Lake, Iowa,
v
are
from
the
by
an
after
Iowa
its announced
State-wide
action
company
April
6.
15%
Complaints from Iowa citizens
Federal
Net
bond
and
*1941
taxes
on
its
original
$192,439
the
of
the
sents
under
for
tax on income.
income
(est.)
$891,015
$1,062,622
Revenue
a
Act
then
Revenue
Note—The
Act
amount
in
share
proportionate
th°
taxes
on
first
effect.
of
The
the
subsenuently
provided
quarter of
income
for
was
*370,000
amount
tax oavable
adopted,
-
Federal
taxes
shown
for
on.
proposal is contingent upon acceptance by holders
shares within 15
days' from April 18
(date of
within
above
the
basis
repre¬
year
1941
income
for
the
of
March
,,
31,
last,
there were
v
the right, however, to acquire all
15-day period, even though the required
reserves
the
limited to holders of record on
shareholders not of record on that day
specifically
"to those
Transamerica
the actual owners on that day."
satisfactory
outlined
officers
in
and
to
the
offer
employees
Corp.
of the
April 17,
who can
fact that
,
regarding
indicate
1942
1941
$309,908
$260 660
incl. provision for
taxes
income
on
was not
for taxes
were
Trading Halted—
stock
common
dealings
on
to
:
lowing
.
statement:
.
"Transamerica's offer t.o t.he common
Corn,
on
As
,
Corp.
^
"In
provision
the
will be
of or less
excess
without provision for customary advance notice to stockholders
the Exchange."
>'r:;
*
the
opinion of the board."
the announcement added, "the
failure to give appropriate notification
of the offer to stockholders
prevented present, and prospective security holders
from obtaining
adequate information upon which to base their hidgment."
1
?
p. s. Baer. President of the Pacific Finance Corp.„ issued the fol¬
and
$416,622
the
1941
computed
"in
Corp..
276,000
375,000
—
common
of the corporation w*s temporarily suspended
the New York Stock Exchange on April 22.^ This
action, the ExchanTe's announcement said, was takpn "in
view of
the confusion which has developed in the market for the
common
stock following the making of an exchange offer by Tr«n'"'.mo^icai
$1,223.870
161,248
$240,015
for the
report
Federal
is
company
The
from
156,487
exp.
Finance
407.852 shares of com._
$0.59
$0.44
l'sble for Federal excess profits taxes, and
at current rates.
The' volume of loans and d'seounts acauired dur*n°: the first three
months of 1942 totaled $17,938.650 as aealnst $32,918,015 a year ago.
This reflects a decrease of 45.51%
for the quarter as compared with
the same period in the preceding year.
' " \'
Total amount of loans and d'seounts outstanding on March 31. last,
was
$44,970,482, a decrease of 10.44% over the total of $50 211.304
outstanding on the same date a vear ago.
This was also a dacrpase
of 1.25% over the total outstanding of $45,541,464 at the
beginning
of the first quarter on Jan.' 1, last.
,
$1,047,502
disc't
profit.—__L—
■'In
on
prompted the Commission on April 14
/
,
of
shares of
<
cash adjustment of $17 per share
acceptances are not received;
evidence
of
The
share
276.000
for
of
Added to
income
amort,
Profit before deprec. and Fed.
increase
Estherville, Muscatine, Rock Rapids, Sibley,;
4- /,
/. i;'.." ■
and
all holders of common stock of
the exchange of two shares of
T. & S. A. together with one
N.
of New York common for five
•
a
shareholders).
to
tendered
offer
allowances
-
April 15 from this-company that additional
would
on
and
;
.
America
City Bank
Common Stock
and
of
common.
275,000
for
provides
Bank
Earnings per share
quartern—
1942
31—v
charges,. depreciation
Depreciation.
Provision
•
Ended' March
1942,
of
offer
of
Federal
'
bond
taxes exceeds the
of
Quarter Ended March 31—
Co.—Earnings—
Months
Profit* before
$3.34
18 announced that an offer to acquire the
has been received from Trans¬
Net income after all charges,*
dends
debentures, due 1951, $52,400; certificates of investment, contra (offsetagainst'notes at maturity), $764,875; unearned interest, discounts and
premiums, $80,885; prior preferred stock (3,432 shares outstanding),
$38,381;
7%
preferred
cumulative stock
(798
shares outstanding),
$39,900; class A common (83,63 0 shares outstanding), $167,260;.'class
B
common -(150,000
shares outstanding),
$25,000; capital surplus,.
$649,396; earned surplus, $117,935; total, $2,676,006.—V. 154, p. 695.
2,661,204
$2.74
continuation of employ¬
that no changes in person¬
nel are contemplated if the offer becomes effective.
Coincidentally, with the announcement of the Transamerica offer,
F. S. Baer released the Pacific Finance first quarter statement.
dividend of; $1.50 per share on
1 to holders of record April 21.
of
each
dividend
17,
Transamerica
ment
1941
2,760.950'
$3.94
:
addition
2,661,204
$3.57
corporation
provides that
least
they were
$9,413,327
3,303,720
2,445.604
$3.37
3,638,138
this
Transamerica
at*
1942,
Okonite Co.—Extra Dividend of 50 Cents-—
in
doubtful
accruals.
Earnings per share on 550,000 shares common—
—V.. 155, p. 1315.
$1,530,657; cash value of life
insurance, $38,159; other notes and accounts receivable, $9,013; notes
receivable, contra (to be offset at maturity), $764,875; furniture and
reserve
reserve
2,661,204
•
all shares of Pacific
multiples of five."
present
37,692
$10,625,212
revenues
income after retirement
$8,884,066
-
for
The
,
Operating
Gross
Net' income
Balance, March 31
offer
shares
$2,501,933
Oklahoma. Natural Ga& Cor—Earnings—
12 Mos; End. Mar; 31—
; •
^
1942*
1,439
17,686
.
of
amount of
"
805
1,095
-
20,210
common_
$58,755
i-U,.,-.
719
686
686
,
•
$82,621
$101,658-
•
.
Corp.
407,852 shares outstanding.
'
$140,227
35,452
$7,297,003
which has been mailed to
April
mailing
266,191
$2,400,938
income.
of
National
paid
77,243
9,795
■
of
April
on
stock
Provisions
Net
——
.
Corp.
stock
than
1,635,500
(Cr)__
.
,
,
present tax law. The amounts provided are
the requirements under the anticipated new
the
Finance
offer,
The
$4,513,004
1,616,500
264,233
expense
:
:
—
1,926,555
2,627,584
normal and excess profits
for Fed.
estimate
an
share
$4,511,967
1,079
and
$9,941,089 $10,846;074
16,501
;
by
required
Pacific Finance
38,500
65,346
debt
36,603
49,000
•
$9,513,649
share.
directors
record.
,24,132
$4,367,466
of
Miscellaneous.
,
.r'-' v':.:*
$4,366,441
(net)
interest charged. to construction
*■
!•'; v.vj:-
taxes-
income
,
37,500'
I
common
733,417
taxes-
Other interest
■
prior year's
i
1,060,333
429,167
income
743,018
patent 1
sale of
from
per
common
1,498,252
debt,
funded
on
Amortization
5,923.
$33,385
$31,962
$28,203
Jan.
8,346
-
1,600,000
23,855
1,595,475
Gross income
.
Interest
5,712
"
prov. for
State
303,266
$9,293,769 $10,346,578
598,320
462,893'
*
California—'Transamerica
Seeks Stock Control—Makes Exchange Offer—
The
Cr30T
5,961
and
Federal
100,673
398,634
i
Pacific
1,500,000
investments
Net. operating income.:
and interest. revenues.-
$35,022
6,472
9,983
for
745,179
86,085
.
tax law.—V. 155, pv 923,.
4,658,683
729,947
profits taxes)
elec.
813,698
157,073
$22,946,797
—
income-
on
The
755,067
reserve.,
excess
188,750
1,214,109
251,133
debts
Note—Provision
based
1941
4,700,616
.
retirement
48,644
tract;
$14,530,954 $13,694,899
Dividend
76,136
$47,692
Cr301
>
'
1939
89,007
18,009
$35,484
Provision for Federal excess profits taxes
$111,158
$51,089'
23,724
384,88 )
8,82)
628,250"
paid, patent development and other operating expenses
(including depreciation of manufacturing plants and amortization of
leased equipment; 1942;; $3,563,834;
1941, $3,461,726; 1940, $3,456,467.
tCovering certain employees, purchased under insurance company con*
$53,493
$37,482
7,705,196
293,333
315
"Royalties
The
1940
$126,872
$140,095-
$53,072"
expenses
Other deductions
Est.
1941
;
103.731"
from oper,—
inc,
Other
1942
$162j803
<
$61,206
1
(other than inc. and
64,484,824
8,423,096
$23,727,315
tPast service annuities
1,389,127
Federal normal income tax—--—.
5,635,475
Federal excess profits
tax——7,160,700
State and foreign income taxes-—
28,364
90; 107
1942
limited-term
of
Amortization
Taxes
,
1940'
73,054,285
238,333'
and- licenses^
Total
$143,600
94,338
Operating revenuesOperating: expenses.
y-v. 155,.p. 1603;
March 31
$19,130,600 $19,768,772
9,783,892
sales
on
received
america
'
Total
$155,544
$17,421
repairs;
i
'on* the
to holders of
Feb. IS; last,
1941
■
55,429
bad
for
rights
Corp.
and
glass
•
Years Ended Jan.- 31—
Maintenance
'
104,714,960;
——
management bonus
Other income
1217.
p;
stock¬
on
a
Months Ended
Statement, 12
profit
amount
$17,854
ihcome____
and
:
—
discounts
Cash
342
$26,384
8,963
$29;*ni
11.85T
revenues._
taxes ______
officers
share,
per
expenses-debentures—____—__
on
for
Net
Oklahoma Gas & Electric Co.- -Earnings—
a/ :v
% 312,994
J 52,076,421
75,602,835
siirplus "——
183
P.:
Co.,
Works.
>
Sundry expenses and losses
$143,942
45,172
48.39T
oper.,
Income
sales—
'
Earnings
$71,556
$78,108
various
and
I
payable May 15
distribution was made on
$12.50
par
interest
Cash
1942—2 Mos.—1941
$155,727
92
—
Corp.,
Net profit for period'-^-—1
Number of shares outstanding
171
rev.
Glass
royalties and oper. revs._$140,231,538 $92,184,885 $84,253,596
Provision
cents per- share* on
par value, payable
$71,727
$78,200"
Charged—
Hartford-Empire
Corning
Mfg. profit and" net* oper. revs.__ $35,516,577
Provis.
See V. 155, p. 365.
15, 1938.
revenues-
Net! oper..
4,338,466
For undetermined liability for additi'l taxes
.
no
1942—Month—1941
28—
expenses
Operating
,
5,721,218
insurance
class AA stock,
•
32,801,970
4,437,628
and
Feb.
Stevenson
Selling, gen. and admin,
A similar distribution was made
quarters, the Feb. 15, 1941, payment
preceding
revenues..
Operating'
'1,968,135
52,801,970
casualties
of
*Cost
Associated Telephone Co.—Earnings—
Operating
151,577,930 146,085,757
f For conting. losses on inv. In transport, prop.
4
For Investments and contingencies.
five
Uncollectible. oper.
1,759,100
by customers for construction of prop.
For deprec. and retire,
the
Period End.
Operating
1,635,456
1,564,898
.___
of
each
Ohio
———
__u_—:
dividend of 37 Vi
a
the
on
being the first paid since Feb.
16,519,122
286,209,450 303,165,950
240,000
_
accumulations
as
in
70,000,000
Reserves—
■;
15%
by
tax
May 15 to holders of record April 27.
5,736,197
>
48,950,000
accrued liabilities
profits
excess
were
cents,, and
_
the
Co.,
1942
of. there being any.—V, 154, p. 1495;
any present prospect
'directors* have declared"
account of
■■
current
is there
the
Consolidated
Net sales,
at-
^ The
Aecoums-payable^-i-i-—8,061,23T ' 3,246,049
Taxes accrued/
13,695,265
Interest accrued
—-L—-i—'
- 4,042,708;
5,717,342
Dividends accrued
1,945,247
1,837,634.
Funded debt< payable within one year__
1,933,600
2,135,000
Other
the
A
.
from
Hazel-Atlas
Ways
increases
60
the
record April 29.
A similar
Payments in 1941 were as follows:
Feb. 15, May 15, Aug. 15 and
Nov. 15, 50 cents each, and on Dec. 29, a year-end of like amount.
Fail To Cover
O'Connor, Moffatt & Co.—Accumulated Dividend—
•
Customers'
It- also
15,
'
on
29.
April
Dividends in 1941
each;-Aug.
...
damages
Co.,
said
8;
the
$5,000,000
Glass
stock,
Interest
nor.
128,657,812 107,786,812
!
—
April
to
seeks
Inc.,
common
Other
.
85,726,260
Co._
subsidiaries——
——
made
cents
share
per
record
The directors have declared a dividend of 50' cents per share
1414s
Sanborn,
40
507,_
p.
cents
of
50-Cent Dividend—
about 0.72 mile, all in
company's 1942 budget after providing for the usual predictable
expenses,
depreciation,
interest,
preferred
dividends and
the* 1941; rate^. but before any distribution to
the common
stockholders,
estimates a surplus of
about $84,000.
The Treasury
Department's 1942 tax proposal will increase the company's tax bill,
also based on the 1942 estimate of earnings, about $124,000.
Under the
above conditions the probability is that the company will fail to cover
from earnings, by a substantial margin, the preferred stock dividend
requirements for the current year.
The territory served by the company is predominantly agricultural.
There are no war manufactories in the territory served by electricity,
1,602,533
■:
30,317,950
I—
American
B.
proposal
50
monopolistic control.,.
Facts on
came
to light in an
injunction suit brought by the Federal Government against certain of
of Ohio, the plaintiff asserts.
approxi¬
Fairfax, and
near
or
15,
,
taxes
18,955,963
34,819,000
——
subsidiaries
North
loans
>.
pref. stocks' of subsidiaries
on
com.
debt
series outstdg;
in treasury)
319 shares
—————————
($10
Funded
Bank
(excl.
series
stock
Preferred
Divs.
A.
tax
■!;.#
stock <$50. par)—6ft
at
of
holders
Feb. 20, last.
on
May
to
complaint charged that through acquisition of patents
operating
956,125,776 957,063,677
——-
606,359 shares
point
and
20
machinery they have acquired
which the complaint is based first
Anselmo,
San
near
or
a
made
was
14
dividend
a
manufacturing
■
12,626,280
11,052,272
14,895,054
11,334,798
Organization
Serial pref,
The
in part: Thet corporation
and Means Committee of the
Representatives by the Treasury Department of United States
for an'* increase in the- normal and surtax rate of 24%, or from
calls
1,520,701
1,351,186
Materials and supplies (at cost or less)
Discount and expense on funded debt__
Commission & sell. exp. on pref. stocks of
Total
at
point near Manor,
Mfg. Co.—50-Cent Dividend—
holders.
certificate1 permitting abandonment
(1) between a point
between
a
&
May
cents.—V, 155.
suit
America,
the amount
The
(net)-—!
1 Liabilities*—
at
10 cents per share
to holders of record
1
Thatcher Mfg. Co., Empire Machine Co., Glass Container Association of
of
31 %-' to: 55%;
and
Co.—
20,
Owens-Illinois
each- bracket;
Pacific Gas &
Edison
receivable
President
2,515,092
' 3,431,063
of
County, Calif.—V. 155,
income
House
3,384,000
988,425
9,207,967'
:
(at-coBf)'—:—-
stocks of
on
notes
43,809,448
2
(at cost)
Government securities
Dividends receivable
146,228,532
25,719,804
bankSi—L
Time
deposits
Short-term investments
U. S;
442,993
.331,849,922
less)
or
in
334,199
$129,004
"
its Manor branch
point
a
Northwestern Public Service Co.—^May
Preferred Dividends—
22,876,354
trustees—;#/ 710,108
with
deposit
on
cost
and
the branch
end
Marin
1940P.
--a
j
:
plant—Utility subsidiaries.--—^ 715,236,683? 683,880,153
J1! Otherv 'subsidiaries '''—-—---uw——--—'21*,266,710'*
Cash
Larkspur, and
miles,- and (2)
a
-
by the company of portions of
of
31, last, and in each quarter
A suit alleging control of patents In the glass manufacturing indus¬
try to create a monopoly to restrain trade was filed in Federal Court
at Indianapolis, April 20 by the Turner Glass Corp.
1
:
/
the current
for
dividend
on Jan.
Owens-Illinois Glass Co.—Trade Restraint
570
Northwestern; Pacific RK.-~Abandonment--^
;
% :'*
••
Property * and
Feb.
65
,
334,199
$11,306
of
taxes
paid
were
payable:
payment
follows:
Nov.
$463,203
and 12 months ended Jan. 31, 1942, additional to
required under the Revenue Act of 1941.—V. 155, p. 91.
to
•
72,089
month
mately 3.1
i
similar:
124,513
$160,852
'
quarterly
$5, both payable May
par
have declared
stock,
291,876
.
$10,285,51 L and special divi¬
dend
amounting to $1,082,141.
tlncludes cash dividend amounting
to $10,286,814 and special1 dividend amounting tcr $652,088.
tlncludes
$268,000 for excess profits taxes in5 1940 and $3,978^536' in 1941.
§For
details, see under income' account above'.
amounting
Consolidated
23
regular
Outboard Marine
The
16,451,737
16,495,100
17,075,040
j„'§13,727,790 tl0,938,902 »11,367,652
stock—
$1,92. :,.
$1.92'
•/,.
$1.99'
com,
3,141
'
______
income,
*/' Balance
and' surp.
dividends
Earnings per share of
__!_,
3,204-
'
con■■
(Cr)
Dividends applic. to
Balance, for dividends and surplus
on.
118,125
'
20,718,862
.,3,821,254
chgd.
struction
,-t'"
t
268,000
9,975
$951,111
$935,826
22,333
9,450
the
The directors
.1,582,220
1,050,000
Minority int. in net income of subs.
Other., .deductions
Dividends
$106,746
22,333
$96,780
mtge. bonds-
Other ' int; and deducts.
.!.".
5,433,164.
'5,914,873
v.'/
,•*
extra dividend of five cents per share
an
1941.—v. 155, p. 402; v
during
;
to
Like amounts
April 22.
24
$934,378
1,448
$106,810
$96,640 -
■"Gross income
1,200,512!
..114,940
%
chgd.
construction
dividends
14,140,345
1,202,601
74,145
3,335,070;
charges—_______
property and plant-!
Preferred
13,725,944
12,917,045
debt—i
of bond discount and^ejfp.^I:
Amort,
:
.
directors have declared
common
Interest
:
'•
•
The
134,280
24
___
Other
45,106,719
(2)
''
624,541
25,000
than
Oswego Falls Corp.—Extra Distribution—
f_:
retir:
1942—12 Mos.—1941
$4,754,430- $4,542,271
$430,978
company
on
effort
Co.-—Earnings-
$472,803
the
the products manufactured by the company for the war
upon the products which It manufactured during normal
substantially Increased operating costs while selling prices
are
rigidly fixed; (3) the shortage of steel scrap which limited the
company's production and consequent shipments; and (4), increased'
Federal taxes on income,—V. 155, p. 1603.
service
155, p. 1516."
1942—Month—1941
this three-month period was substantially less than
the year 1941 due in large part to four factors
had little control: (1) the smaller profit
of
quarter
any
over
Amortization, of limited-
135,971;
v
43,466,392
44.333,637
Gross--
97,103
;
15%- increase
taxes
Prop,
64,274
.50,001
Drl5,977
rentals,
tPederal
Other
108,240
■
from
Other income
the
Operating revenueS-___
Operating expenses, - ex- >
eluding direct taxes^_
220,459
113,734
v*:
339,610
merchandise sales-
on
Net, income
Iowa,
City,
Sioux
pass on
applicable in Iowa.—V.
Northwestern
9,926,702
.
and
service is rendered. Asv to regulation of
State Commission or local regulatory-
no
Period-End. Jan. 31—
>
34,651,073
33,557,574
9,435,476
Northwood
excess
law,
times;
15,665,809
Net
operating revenues
___'
Non-operating , revenues—Dividends
of
quarter of 1942 Includes $154,000 for normal tax and $136,000
profits tax computed at the rates prescribed by existing
an
amount of $85,000 to cover possible additiontal taxes
which may be effective for the year 1941.
In reporting' these results E. J. Kulas, President of the
company,
for
communities of Akron; Davenport,-
telephone rates.
company's notification to the Commission did not indicate
abandonment
14,464,576
4,988,338-
reserves
Park,
is
authority having Jurisdiction to
otherwise
J8,786,540
Lake
exchange
there
first
the increase in communities where
given.
Previously the company had
character "is
ratedncrease1 the
which, interstate
1,705,640
tl4,156,736
Provision, for income.
Appropriations for deprec.
the
intrastater rates,
'..The
14,854,193
to- justify
company i
interstate
Dubuque, Ha warden,
9,835,793
4,206,932
15,340,741
other than income-taxes—__
the
of
excluded'from
144,642,640 130,274,856 122,325,169
54,547,892
48,107,162 44,834,748'
7,720,625
7,928,138
^8,579,800
operating: revenues!
Operating
Maintenance
Net
;
*
9,724,068
10.585,740
5,711,695 i 4,380,855
2,551,417 .) 1,828,727,
Miscellaneous
Taxes,
"1941
•*'*•
*•
>7-—---
Transportation
.
*''
•'-»
112,514,416 100,291,262
93,731,883'
3,235,654 : ;3,578,094 ' '3,093,515
9,731,406
10,471,850
—J-!—J' 10,043,718
__
—_
Coal
■
revenues—Electric
Heating
.
«l
'
•
direct
to
-Consolidated Income Statement- for the :Year Ended' Deo,~v3i t
'"r:
1683
record
was
on
snecifieallv
April
17,
limited
1942,
or
to
who
'"•/''•/
stockholders of Pacific Finance
who were shareholders of
persons
actually owned, the stock on that
1684
THE COMMERCIAL & FINANCIAL CHRONICLE
date.,
is •,understood
It
predicated
eliminate
the
on
that
•
the* purpose
constructive- principle
unwarranted
of
this
that' such
restriction
procedure
speculation ami'would benefit present
was
Peiinsgrove Water Supply Co. (N. J.)—Merger—
would
investors
of
jwho have
an. interest in the- corporation and should properly profit
from'any offer:';*
;•
'• *
'' ,- v;'. ; j"The
offer
received
was
April
17
given
was
of
the
stockholders
to
offer."-—V,
accept'the
in
County,
Operating
Operating
ex-
income
266,509*
taxes'-C*
57,908
Amortization of limited-;
term
investments
'."Net oper.
Rent fr.
of
•Other income
,
$174,234
19,114
be
of 1940.—V.
pany Act
(Not
155,
Pittsburgh Rys.
including
chgd.. to
'.j-strv^ction (Cr)
Net
-
v.
;
..
"
$207,515
85,417
$2,160,328
Interest
t J9rll,319
$2,149,009
charged
Net
income
Total
6,281,000
' $406,583
6,363,000
651,000
__
Net.'income;
!
1__'
tFederal
taxes
for
22,511,917
4,028,000 ;
3,750,511
Appropriations
to
others)
the
three
'.Geprge T.- Christopher,
has
been
elected
recently.—V;
155,
Taxes
assumed
to
*
to
the
holders
(which
ta
notice
of
of
issuance,
i942 have
accrued
in
M.
--
charge
-•
-
•
been vested
in,
and
all-of
its
obligations have
been
assumed
by,
maturing on or after July 1, 1942, attached, a 4% debenture due 1956
of like principal amount, with all
appurtenant coupons maturing on
after
Sept.
1,
1942,
attached,
follows:
as
bond
in
an
first mortgage
to
each
Corporation
presented
so
such
case
with
interest
an
will pay to the holder
amount equal to interest
of
extend
the
respect
may
to
such
1.
1942;
right to
for acceptance of said offer to a later
date, and any
be made with or without interest adjustments with
first mortgage bonds, as the
time
extension
each
on
bond at the rate of 5% per annum from Jan.
including Feb. 28, 1942.
Corporation will reserve the
and
the
corporation
determine.
»
,
"
v
First, mortgage bonds at present held in the
treasury of the corpo¬
whether acquired directly or as a result of the
merger, and
first mortgage bonds
exchanged in accordance with this offer will
hot be reissued but will be cancelled."
Any first mortgage bonds which
the corporation may acquire otherwise than
pursuant to the afore¬
ration,
-
to
exchange
will not be exchanged for 4%
due 1956, but will be cancelled.
vManufacturers Trust Co., New York, has been selected
ration
V.
to act
155,
debentures
by the corpo¬
exchange agent in respect of the offer of' exchange.—
as
1316.
p.
P:*-
'
•
: '
directors* have
The
.
stock,
May-31.
no
declared
value,
par
Previously
v^centa per share'on
the
Larger Dividend—1
dividend
a
payable
of
June
$1
15
■
share
per
to
holders
on
of
quarterly distributions
142, p. 1826.
the
record
of
&
-
;; t
Pennsylvania Poiver & Light Co.—Earnings-^
{
"
Period End. Feb. 28—
1942—Month—1941
Operating- revenues
$3,913;065
Operating expenses, ex- ■:
eluding-direct -taxes__ ■) 1,927,963,
•
S:
Mos.'—1941
1942—12
;
other
Other
income
taxes,
taxes
*
Prop-,) retin
724,287
,
Other
•
res.
approp".1
320,716
.
177,045
,-,v
237,500
term investments; i j_";;
;
•
•
Net
Other
:
r
'
oper.
income
*»'•
'
on
on
Othter
j
>'
:
$844,917.
(net)
and
Net
2,060,449
1,840,505
2,850,000
-
.$.1,333,352 $11,704^93 $14,330,282
3,986-
41,209
.
'277.083"'
$1,337,038- $11/746,202 $14,411,142
''""
277,083 ''
*
income __1
94,324
,
♦For
\
55^p
at
1,236,660
'
*> :
52,008
$385,444
stocks for
$869,424
the period"
;
Balance
$6,069,685
$8,618,990
"3,846,532*
.
month, and
tional
V.
155,
to
p.
$250,000
the
for. the
amounts
12
required
months
*
.,
-rj.; «
A*.
'1
*■•
$125,000
for
$4,772,458
the
Feb.
28
Act",
81,000
■?
-95,515
,
250,143
•
$873,391
$670,160
$600,477
Subs.)
For
bids
:
be
—___
$6,272,316'
(includ.
net
331,425
316,894
capital gains)
!
_rr
$4,069,809
t
$473,172
three
months
of
1942,
IX, S.
154,
1057.
p.
and asked
suspension of Rule U-50 to effect
Dec.
16
in
ment
improvements
the
to
*
definite
no
be
uncertainty about taxes, it is reasonable to
corporation
cents
in
the
first
per share
of
of
quarter
of
the
year."
at
this
,
covered
elected
to
of
the
board
of
directors
the ensuing
during
serve
elected:
James
Fulton
Mr.
of
William
f*'^ f
whose
terms
■"; ;
expired
and the following
Raymond A. Boyce,
year
Balderston,
The
other
director
a
Portland Gas &
155,
Coke
were
new
The. tax
;
.
at
program
hot
available,
not
are
the
$3,796,988.
*
income
proposed
the
in
and
the
by
Mr.
the
said
first
tax
discribed
total
might
it
i'-v-
Treasury
estimates
the
go
said
tax
as
Secretary Jof
McCarter
dividend
common
as
and
the
of
company's
figure.
He
the
it
approved/
bill
to1
have
various
types
might amount
high as 90% under
Treasury; ' IF such
might
be
impossible
payments
through the
155, p. 1316: "■?
quarter.—V.
is
will
the
year
to *
the
1
on
Public Service Electric/& Gas Coi^-Promotions—
-
charge of electric operation.
March
29.
*
Mr.
Luce
/*'
>.>
Period Ended Feb. 28-
*
succeeds
i
r
Marion
^.
1
Penn,
who"
'
.
.
succeeding Mr. .Tait.—V. 155,
;
1942—Month—1941 "1942^—12 Mos.—1941
$1,734,093
revenues
$1,457,819 $19,192,170 $16,901,855
: 511,835
7,159,503
6,294,184
80,813
1,196,698 • ' 1,041,490
<
127,434 A; 1,561,915 .i 1,473,707
51,710
725,418 ;
385,67J
203,306
2,466,662
2,262,216
632,457,
,
103,555
126,851
if
income
1416.
p.
(& Subs.)—Earnings
taxes.
87,493
taxes
231,532
revenues™,
income,
net.
$552,205
.
;;
•
6,426
$482,721,
Dr 1,249
$6,081,-775
$481,472
$6,110,925
„279,126
3,351,867
j» /.
$5,444,580
29,151
;
;
taxes
i
279,412
Dr 116,080
:-43.315
v.
Prop, retir. res. approp.
Amortization of limited-
-
.
"f-
22,917
2,146,688
that
Federal
1942
for normal
they have
income
tax
and
taxes
ate
♦$163,426
-
based
on.
anf
surtax.---The
companies do
profits, taxes.
For
any
1941
Sep-*
;
:
N
'
-r
n*
Total
.113
:
revenue
Operation>.-**-?t
t:..*.
,
revenues
,
Total expenses
• $589,043
$2,582,301' $1,583,883
/»:'.'C44^
197,665. w .566,928 ;w. 428.980 f.
153,311
J 411,550 '
317,292''
$1,124* 391;
Auxiliary Operations—
.
***
Auxiliary
.
Net
275,000
112
___
and
,
17,014
275,000
off-Car
28—
1942—Month—1941 - 1942—2 Mos.—1941 (
Sleeping' Car Operations—.—-...4, ....
? ,*/•-" v j-./,
...
Total revenues L__—%
$6,553,665
$5,205,498 $i3,525,272 $10,962,242 ,
Total expenses --™™;
5,429,274
4,616,455
10,942,97L,
9,378,359:
r
.1 412,925
•
and^ Expenses
(Revenue
''I Period End. Feb.
2,009:879
r
'.52,142
391,547
22,917
for
:V- Pullman.Co.—Earnings—
.
:
$625,086
tAccruals
liability for excess
comparative-, purposes Federal income taxea for each >month of
have been-restated to give effect to the Revenue Act enacted in
tember, 1941.—V. 155, p. 1604.
f u.
; i J
*
198,365
^
1,438
//41,358
3.357,955
;
requirements-^-------;-----.J,583,976..1,583,9.79
rate/of 35%
consider
not
$5,328,509
.
.
♦Deficit.
estimated
with
$3,755,535 " $3,484,485
:
4,323?-.
?
278,838.
'r Balance
1942—12 Mos.—1941
■>; $338,352
amortiz.—f.
and
Preferred dividend
ex¬
taxesA
:..*: *;
term ..investments
fill important positions
1415. -vv/,n*'
Co.—Earnings—
$558,631
-j.
$279,794;
$202,346* $2,759,058
$1,970,545*
preference dividend requirements.—550,000 vfi 550,009.
Prior
re¬
mem¬
/•
■
.282,562
,
/ 202,289
____
"
fNet oper. revenues
Other
income
$59,153
_
"
(net)_—-
Dr285
$74,274
■•'*-
$890,046
$769,554
Drl,483
Dr2,681.
Dr327
,
t
^ Net revenue273,4'.;, $4^,3$4..: $155,378;.; $111,687.
!
; Gross income
Other
>f
on
int.
-
chgd.
.struction
$58,868
mtge. bonds:r.f
and
37,507
*
deducts. —;
to
3,288
.$73,947
.
''
38.826
;
$888,563',
.$766,873
456.161
v.
2,671
"
5,478
_
_1—* '
'
$23,551"
,
30,703
26,612
,
f .* $32,450
tDiyidends applic. to pref. stocks for the period
31,565
.
928
*
*
$427,511
f
430,167
„
current
Includes
month'and
12
provision
for
months
ended
Federal
Jan.
revenue^."
net
accrued
___-™-*
$1,204,664
; $633,397
739,487
353,452
.
Operating income
-V.- 155, p,~ 1416.
-
430,16?.
$465,177
Quaker
Co.
on
Oats
of
31, 1942,
♦$172,709
$634
for
additional
to
the
the
$279,945
„
$1,071,625
,-
t^ i-8-.jlW^H
MOid'WiVA- 383,-:.:
(
-*1 it f-t
H-x'i-t:
827,509
f
$868,061
Offered—Glore Forgan &.
block of 2,000 shares of com-i
after the close of. Stock Exchange.1
a
stock (no par)
offering was made at 57,. less 1% points to selected
dealers.—V. 155, p. 1416.
,
.
u,.;...*..
The
.,*.4 a.;.*'
ttw ?
$1,695,579'
.
Co.—Shares
April 21 offered
mon
taxps
$2,737;679"
1,666,054
*:
'
$257:458
■
♦$2,656
♦Deficit.
Taxes
478,778.
con-
.(Cr),
Net 'income
Total
*
o"i
vO 5,'9*?
com¬
»
estimated
was
Secretary
the
higher
enacted,
basis
Interest
of the.
1942—Month—1941
•
taxes.: :
direct
income
p.
.$409,120
revenues
Operating expenses,
cluding
con¬
the
;
Balance
directors
new
corporation.—V.
Period End."Jan. 31—
Operating
of
Jersey—Earnings, etc.—*
^■;
the
utilities
on
Balance
Pennsylvania Company
for Insurances on Lives and Granting Annuities, Philadelphia.,
•
<
; :Mr.
Mancill is an
attorney with offices in the Packard Building,.
Philco
of
still
a
taxable
Net oper.
H.
is Pres!dent and
Philadelphia:
plan
McCarter,
to
were
Other
.
Kurtz
capital
"
Harold W.
Carmine, Davis Grimes, W. Paul Jones,^ William
Kurtz, Frank H. Mancill, and William R. Wilson.
'•
Butler,
net
a
levied
tFederal
common
•':■ j. N'-.-
were
larger
new
" : ;
the increase in operating revenues was
$12,408,income $4,553,665 less than for the similar
period
Depreciation
of
dividend
the
■
months
revisions
Other
of
because
that earnings of this
assume
year
time
the
with
finance
goods
war
* -
'"
period
Maintenance
following Com¬
of the stock¬
stock paid on March 12. The company's
is'increasing at a substantial rate, and will be
stepped up considerably further in the next few months as new m'litary
products enter the production stage.
Orders on hand indicate that a
high level of operations will be maintained for the balance of the
output
the
Operation
made
to
fixed
Puget Sound Power & Light Co.
<
can
for
tendent of electric distribution,
Directors, Etc.
statement
used
,
-"/-'i
"While
connection
$4,000,000 sale will be
Vlce-Presldent Barron also announced the promotion of William R.
La Motte to be General Superintendent of electric
generation, succeed¬
ing Mr. Luce, and Arthur R. Nelson to be Assistant General
Superin¬
•
holders.
pro*
,
the taxable income
on
a
f
:
(f
,
7o;"■-vf-:'
80%
in
calculated
income«taxes are
T. Buckley, President, on April 17 made the
on
current operations at
the annual meeting
Other
•
Promotion of Donald C. Luce to be General
Manager and Watson F;
Tait to be Assistant General Manager of the
company's electric depart¬
ment was announced on April 14
by Jacob T.LBarron, Vice-President
'3,308,885
$803,275
—
12
proposed
continue
$3,782,057
3,267,534
__
,
K-
«»•***'*
.
$2,194,785 less than in 1941.
settled, as the actual figures
taxes
with
a
bill
a
$6,603,741. $6,201,128
2,471,678
2,330,177
62,254
88,894
—1
the
taxes
to
$5,884,234
James
the
'
-
was
revised
of
$39,486,493 $34,384,155
♦33,214,177* 28,499,921
—
J '
'
Exchange Commission; approved April 22
submitted
the
other
been
Operating
Mr.
'
were
from
and
continued
1941
"
^
V"
of
issue supplants ah earlier proposal by the company
sell $42,000,000 of bonds, a plan now held in
abeyance
1941;
If
;
-Earnings
1942
.
ara
tem¬
Indiana, Inc.^—Sale of Bonds
by SEC—Denies Exemption of; Competitive
period
251,
(&
1950,
?^
having
$617,219
;
due
Thomas N. McCartef reported to stockholders at. their
meeting held on April 20 that fcrr "the first three months of"
the increase in operating revenues of the subsidiaries over the
period of 1941, was $3,777,558, despite which the net income for
>
same
239.309
.
Pitts¬
definitive
outstanding
Chalrnpm
1942,
99,588
;
244,061
■
the
"
* • +(
,»
Co.
that the
of
.
,t*r.
"
a.
L;
rttUi
»*',
•
t,
J?1/ J?
*
k
M.K'
distribu¬
annual
the
256,513
addi¬
of
authorized
series i'B"
bonds,
surrender
'
.
676,012
*11,588
current
1942
1941 i—?
•*-j.... 1
Revenue
previously
announces
upon
pany.—V. 155, p. 1605, 1517,
.
Philco Corp.—New
25
Co.
mortgage
155, f 1415.'
p.
Service
Proceeds
$1,643,716
676,000
*11,781
:
*
ended
under; the
1517.-
of
$1,627,834
15,804
124,851
"3,846,532
$2,223,153
♦Includes, provision for Federal, taxes
129,304
664,589
proposed by the Treasury Department,
as
Act.—V.
v.
-
,
„
,
the three months,
instead of 31% applicable to 1941; and social
security taxes are calculated at"6% instead of the 4% applicable in
1941.
Adjustments will be made upon enactment of the 1942 Revenue
Interest
to pref.
A.->■
Cd.«4)e^itiv'fe;Bdnd
•
deliverey
.
.
and
no
struction
for
x*«'
•
"
691,650
1,282,500
12,099 ' C "' 66.325
a
-
$2,439,453
*
r"
664,542
131,195
''
I
the
Interest
____
issue
,
'
3.325,000
"
106.875
1,282,500
96.055 "i 1,135,342
7,922
*
'
'
Dividends applic.
>
3,325,000
and. any
issue.
V K
died
80,860
20.25
The $4,000,000
after
1939
$2,448,788
funded debt——
on
tFederal
14,508
con**
(Cr)
"
2,039,176
15,643
106,875
deducts.
"charged to
"
'
;• $855,804*
bonds *,
debentures—
; : 1940
$1,725,547
111,688
;
Balance
20,314.640-*
"2,850,000
'.10.887
.
538,875
leased lines
Net Income
* -
mtgel
struction
~
1,276
.
int.
Interest
'
"
•
Gross income
Interest
Interest
.
revenues-
22,028,619
5,172,171
-237,500
■"
1,353
,
■,
196,509
Amortization of limited-
;
691,171".
119,488
$1,861,467
deducts.
miscellaneous .deductions
Interest
••
.1,629,865
-
t
-M't ({'-14.63
>.
'
life insurance companies,
the transaction.
.
1
$3,719,218 $43,831,875 $41,389,111'
.
$6,383,030
*
income
Rental of
'•*>
♦Federal
r:
first
The Securities an<i
same
Gross
,
50
11.25
v
by the company to issue and sell $4,000,000 first mortgage
bonds, series D, 3%%, due 1971, but denied a request for elimination
on the competitive
bidding rule._■ i=:;".
The company
had intended to sell the bonds privately v to four
123,115
^
earnings,
charges
Non-operat. >income
bers
made
company
this issue,—V.
|
ii1
vj
posal
69,192
119,525
$2,536,206
794,303
87,818
:
Members
Paton Mfg. Co., Ltd.—To
Pay
common
:
the
then
may
<
mentioned offer
526,649
$6,178,361
1941
4ya%
Approved
Bidding Rule—
69,192
Operating income
the
ft
■fe'j u.02ft
mentioned
for
.
Public
'
Operating expenses' and - taxes—
coupons
adjustment
186
.
Co.
*
'
Cr8,822
•
523,824
maint.)
Operating "revenues
;
or
4,492
Crl0,222
,12 Mos. End. Mar._31—'*
list,
Pursuant to resolutions duly adopted by the board of directors of ithe
corporation on March 26, 1942, the corporation made an
offer, open
until April 23,
1942, to the holders of the first mortgage bonds to
exchange for each first mortgage bond, with all appurtenant
9QO
1019.
p.
porary bonds.—V.
:
in
;■
corporation.
first mortgage
191,643
i
,
107,039
Philadelphia Transportation Co.
'
.
above
available
now
—V. 155, p. 1415.
Corporation has caused San Francisco Paramount
Corp. (California),
all of the issued and
outstanding capital stock of which was owned by
the corporation, to be
merged into the corporation.
As a result, all
of the property and assets of San
Francisco Paramount Corp. have
,"v.-;11
980.
.'. The Chemical Bank & Trust
Offer—Listing of
to
the
(made
-
:
>
1942
Bal. avail, for divs—_;
t
:
*'
90ff
increase in
issued
>
;
$2,743,587
depreciation)
manufacturing,
Gilman. who
resigned
M.
fcttA' SAO fc.
'
900
receive
3,000^000
y
782,741
dividends-
'
Federal income tax___._
Retirement expenses (or
of
13.20 V'ii:
..,,
Public Service Corp. of New
Amort.
of
corporation has been
offer. of; exchange..
.1
an,
2,625,658
,
.
Interest
155, p. 1604.
10.13
12.50'•
t-i
--
"■
burgh Steel
for revaluation of assets-
revenues—
Net
'.
been
;
;
1,000.
;; ^
tions.*^ l$ff,
1,206,406
$398,000 4% debentures due 1956
by San Francisco Paramount Corp.
merged into the corporation) pursuant
bonds
-69,374
to
998,000
succeed
,
69,375
$10,400,610 $10,290,992
expense.t^i;
payments
interest and
res.
Mos. Ended March 31—
80,203
The New York Stock Exchange has authorized the admission
official
for
reserve
expenses
Taxes
in effect.—V.
\{
*; Checks will be mailed to all rigstered holders.of .record,
; * The corporation also announces that any bonds which1 have'not been
registered pursuant to the various plans of reorganization* since March
1, 1938, should be presented for stamping, and registration .in order to":
Philadelphia Suburban Water Co.—Earnings—-.
;*"v'-'"12
Operation (incl.
Paramount Pictures, Inc.- -Exchange
Additional Debentures—^*..
upon
discount and
r-V..155, p. 1316.
18,761,406
now
96®
isth
•
debt4__^_w_)__,-;^_:^_^_^-w-.
on
Appropriation to
17,555,000
3
•f
Co.
.-. >;
obligations of street railway
by Philadelphia Co.:
On obligations held by the public
Guaranteed payments on Cons. Gas Co. of .City
of Pittsburgh preferred capital stock
19,701,000
months of
1604.
p.
to
"18,703,000
"
''
None
:• -'-'11.25
iliVl-Sf
98ff
'
.
17th'
guaranteed
4,388,750
Vice-President -
President
12th;
on
companies
Packard Motor Car Co.—New President—
f
.
Phila.
:-^theij':interesfe;,yiAiiCA^i-i—
interest charged to construction^iA*--.;
4,468,953
175,000
;
8.75
*.
1 Vrtir
900
14th
21,312,916
23,729,000
1,013,018
fit tax rates under the 1941 Revenue Act
:
funded
on
of
Philadelphia Co.f
Consolidated net income for period—
5,481,971
5,712,000
5,537,000
A————
Balance
income deducts,
Amortization of debt
23,358,000
22,343,783
371,000 >; * 168,134
b?
• -
None
4
1,000'--^
_a
^fv;il*i<tsburg:h"' 'Steel'
87,792,252
None
Cr 5,566
Balance before
149,568,000 131,448,951
12.84
il.70*
"nth;
45,670
2,230
Income deductions,
1942—12 Mos —1941
42,389
*'
10th
Cr72,119
Minority interest in undistributed income-_-«~.,
-$263,532
5,439,582
;
82,000
income
Dividends
•
-*
>18'.75
1,000-
9th
91,448
Gross
.!
-
1%%
'
.
700 ?
-i%
950-None-
•
8 th
1,599,875
,*
22,368,204 101,333,000
6,039,358
24,877,000
income
:j-
1,555,875
cap.
.*
33,907,144
--"vA—.i-:!'.!-'.
7th*
2,496,663
316,656
,
Cr354,280
interest .and dividends-i.....11
on
458,478
39,267,000
(net)
"
stocks- of subs, held- by public
on
$865,061
26,259,000
______
Interest deductions
construction_-_____:______""
;
"
'
900
6t-h
18,531
52,973
—
6,727,000
operating
Other
'
orig. $1,000 bond
'
2,524,881
316,885
——y
expense-
prea., unpaid'
per
780
3,637,102
.
'-f.T 94,873
.
revenues
debt.
to
Paym'tin Dollars:
.Interest..
rate to be paid
1,000
5th
18th
Miscellaneous
Pacific Telephone & Telegraph Co. (& Subs.)—Earns.
expenses
3rd
$15,061,172 $15,204,13?
deducts...'. Dr397,750
Dr371,146
A-jA*—
assumed
Taxes
1,025,000
' 259,378
*
("Includes provision- for Federal taxes of $16,326 for the current
month, and 12 months ended Jan. 31, 1942,- additional to the amount
required under the Revenue Act of 1941.—V. 155,
4.
funded
on
Interest
.
fTaxes
A-.
deductions, subsidiary companies:
458,478
1942—3 Mos.—1941
•
,
.
"
util. subs.
5,300,199
profits'tak by a util." sub.' """*204,927
Amortization of debt discount'and
Interest
Period End. Mar. 31—
Present unpaid
principal per
orig. $1,000 bond ;:;
$5io-'''
$510
I..
,'^,v
$14,663,422 $14,832,991
$722,010
™_:
Operating
Operating
J
;•
Gross income.
J'/.430
$102,603
Balance
;
j
•••';
A
.1,.
13th
1,277
dividends applic. to pref. stocks for the
period
,t
railway
,
'
19,495
$84,505
-
Payments—^
the• interest p'aymeh't Of May" I,
1942, tb bond¬
close of business "April 15', 1942,; on-the out¬
bonds of this"corporation vwlll. be as follows:,-*
held
publicly
16th
|
Dividends
_______
j'
.
revenue
Other income less non.M)perating rev.
con-
_______
income
:
j. Net operating-
222,012
v
1,025,000
308,345
•"
23,227
street
<•
-
declared- for>
are-uumulative. -f
v
.
standing
Series
other
Co.)
_.
"790
$1,938,316
$2,054,078
85,417
and
.*■,
,,
the
.
excess
Other interest
-$193,149
Interest on mtge. bonds
Other int. and deducts.''
Interest
Prov. for Fed.
.134
-
$211,587 : $2,055,151
;•
Dr4,072
Dr1,073
Dr 199'
Gross income
subs.]
Philadelphia
V
,(,
that
at
v
Prov. for Fed. and State inc. taxes by
Income
(net)__: _jr,
.
land
Operating revenues
Operating expenses'
694,900 •;!
v :
227,240
$193,348
It is announced
f>*f.*r .9 •$-$•'
.
"share"On .^'/preferred- stock
a"
.
_
..
Prudence-Bonds Corp.—Interest
f
it;
'"T
f,
*£:
v
$0.75
'
,
$1*827,911
18,71?
J
140, p. 8097
.and
P• 11604.
holders of "record
Philadelphia Co.. .(& Subs,)—Earnings—
t
•'.•'.•Vi J:"...
; A
Y*.
v
Exchange Commission has. entered
an
order
statement' of' the company that, it has' ceased to
investment company within the meaning of the Investment Com¬
an
stock
payment;on {Feb,, 2, 1942.Dividends.,.on/these.stocks
-
,
,
809,900
$192,868
-
ferred
;v
••
filed
the
approving
'612,110
192
income -L:
•.--Operating
f V
:•
plant ;
4
609,453
_
revenues-
lease
I.
;
V 468,779
,'57:908
;ff,
J
approp.
3,112,743
42,596
55,498
V
•'
56,281/
res.
238,654
'
•
68,232
taxes
Prop, retlr.
$6,828,978
-
taxes--'
v*.*.
\
!>•.;■?.*
«•'/', i
1942
1941
,
$53,435,785 $48,009,618
19,134,086
16,531,004
Mos.—1941; * Maintenance and repairs..
' 3,503,183
3,595,076
$6,421,099
Appropriations for retirement and .dep.!,. reserves
6,913,823
5,965,484
Amortization of leaseholds
: '
2,464
:. 15,936
' 2,822,084 r Amortization of utility plant acquisition
adjust."
690
> V \ 690
353,555
Taxes (other than income taxes"
3,315,241 '■ 3,041,658
1942—12
$587,524
$623,164
*'
The" Securities' and
(& Subs .)—Earnings— *7/
1942—Month—1941
'
expenses,
direct
tFederal
Other
>"
revenues
eluding
N; J.',■, 1.
y; * •**..;•
rvv*subsidiaries of
Jan.- 31—
•
companies
Salem
.rf,.v #u.
12 Months Ended Jan. 31—
Period End.-
merger;
*
*••
Pacific Power & Light Co.
if-
amount-required under the-Revenue Act of "494-lv*-*4Dividen<ls flceumulatest and unpaid; to Jan'v%3t,; 1942, amounted to $3:264,968/"after;:
giving effect* to dividends amounting to $0.88 a share on 7% pre- "
v
the
y-****<'
Pennsylvania-Bradford Co.-r-No longer Investment Co.
■■■'<
throughout the
qualified
-
located
i'•
country on the same date. ; ;j
"Letters to stockholders were mailed on April 19 giving full details,
§uch procedure left little opportunity for speculators who were not
stockholders
as
Of
April -17 to profit by the offer, It should be
understood
that -the
action
of' the
New
York
Stock
Exchange
in
temporarily., suspending dealings in the -common stock over their
Exchange has no effect whatsoever on the terms of the offer or .the
ability
approved
the Bridgeport Water Co, into..the Pennsgrove cqmpany
and, author-:
issuance of stock to finance the transaction.
Both
are
•
p. -829;
April. 18
on
ized the
by the board of directors of Pacific Finance
dn 'April 18, and publicity relative to the offer specifically and forcibly
Calling attention tos the limitation to stockholders holding'stock-as'
of
The New Jersey P.> IT.-Commission
,
Monday; April- 27, 1942
■•i'.;
'■ i,'
t
•' *
4-
,
'
I.'*
•lu f
;*
'
i
(
>
"
THE
.
Valuerr* X;s .terms of the exchange
,mount'Pictures;
:AXGeerfce)APutnam'iFtth^
v
*;
X*
Inc.;
Mar. 31, '42Dec/31,;'41
Tota.T n€t reaourGe8t-i-.i^-_-u__-_^^,4u7---^.--t: $4,686,000
$4,807,000
.Number of*shares out^anding,-455,539
■■ 437,644
Net' YesourceSj per ...share^.'™^^^
' '*810.29
' $10.99
t : * After provision for April dividend of 15 cents per share,—V. 155,
p." 1316. y':-"A-"'CyYYAf AAyAXX
.
.
■
Period
—
A(•- AA
r:>»''V( AA';:
COMMERCIAL & FINANCIAL CHRONICLE
• offer.
;■
dated
Aprilv 13^> 1942.
.
See-also; Para-..
\
I..'
.
•
'"TV;V''^,r
•
.
;
St. Louis, Rocky Mountain & Pacifie
'*
12 Mos.End.Mar. 31—-
r
Co.^Earnings—
•"!
:1942^1941'
.earnings—.$776,495
$750;489
Cost,, expenses and taxes——1-583,^764 ,
573,918
J
Sre?oodoue
i;
■,
■an.^
7°"■ debentures due. 1953/; redeemed
rConsolidated Balance Sheet,
x
v.XQueensBorough Gas. & .Electric Qo.^-Rates—;
(A(:.< (:
,;;.v
-
Net earnings
$192,732
Interest
' v
A
■
ASS6tS—
.
/
108,367
112,455
-
,
,
$176,571
v-'
/ '•
/.*:
• A'
(-
46,678 ;
.
|
Net
to;22 cents per share
Railway & Light Securities Co.—15-Cent Dividend—
*
share
on
the
-
common
'
both payable May 1 to holders
On Nov. 1,
payment of 10 cents per share and
Operating
Operation
Like amounts were paid On Feb. 2, last.
155, p. 1021.
ektra -of 20 cents on the common stock.-^V.
an
;; f l942^--Month—1941
revenues—
•
.
Depreciation
-
^32,775
•
.26,174
————
"•Federal income taxes—
l
Republic Aviation .Corp.—New Vice-Presidents—
—i
■"?
: Accounts
29,261
•pther taxes
188,164
^28,617 <■'.
14,550
•
A. 18,851,167
payable
(current)..——
George A. Meyrer and-Mundy .I.. Peale have been elected VicerPresidents and will be assigned to the direction ol expansion activities of
:
•
^'the
corpora tion.—V.$55, p;1605.
rector—
t
'-•Ai'Ai'.f
-■
>. v
t
;'ft**?
"
C'-v'v
v
'
Balance
elected
j}
a
stock,
common
•
Chairman of
Willard;
1417
payable
compares with : $1
of $ 1 was also
.
Daniel
succeed
to
per
a.
dividend
B.
&
.""ft
..
-
directors- have- declared
-The.
„
director
Russeii-Milier 'Milling Ck-~Lhrger'
;
•
.
RR.—Vr 155, p.
:0.
the
'
,
."V"
.
31,202
$34,082
-;
-requirements
; 8,903;
-
I* '
375,451v
'
^
•
m.I'i'I .'i
i.
,;; A
(
•
.
$421,121
149,115
:
.
374,811
-
>
-
$2
of
share
per
St. Regis Paper Co.—Sales Increase,
the
This
extra
on
20.
.
An
;:
for
*Accruals
rate
of
35%
1942
for
Federal
normal
income
tax
and
taxes
on
-Etc.—
(Consists
60,000
(at
siderably above the 1941 rate, based on tax reserves at the corporate
and excess", profits rates now prevailing, R. K. Ferguson, Presi¬
dent, said at the annual meeting of stockholders.
However, in all
probability, increased tax reserves will be required when the Revenue
Act of 1942 is finally enacted, Mr. Ferguson said.
During-the first quarter this year the company made a payment of
$500,000 on its bank loan, which leaves the term loan standing at
$1,900,000 as of March 31, 1942
'!.
The company is now manufacturing for the war program munitions
and plane parts, Diesel engines and cartridge machines, Mr. Ferguson
said.
In its plastic divisions War production also involves many air¬
plane parts.
'
'
The multiwall paper bag factories are operating at a high rate to
supply increased demands for bags to take care of food products and
agricultural commodities previously shipped in burlap bags.
The Army,
Navy and Marine Corps are demanding large quantities of multiwall
paper bags for shipment of cement and other construction materials to
bases both within and without the borders of the United States, as
estimated
'
•
estimated
Government—
(
,
.
in the
over
•
well
A.
to
as
E.
The
F.
carry sugar, flour, salt, rice
Ireland, Australia, Iceland,
,$tock formerly ^as held by foreign nationals.
The
announcement
said
this
action
etc.
;
,'
,
V.
155, p. 925.
The
•
<
"Americanization" of
alien influ¬
3 Mos. End. Mar. 31—
1942
'
company.—
returns
$7,822,213
$7,501,661
$4,912,433
$3,307,234
6,381,331
6,214,675
4,172,062
2,957,928
200,000
150,000
costs—
Prov. for depreciation—•
;
'
A
.
facilities—
Sell.,
gen. &
Y<1
'•
;
San Diego Gas &
Years End. t>ec. 31— '•*■
-
'
v
*
.
--and -gas 'purchased)..--_
Maintenance and. Tepairs
—
:
Total
29,241
;
'
647,622
*Net
"profit
$59,582
lnteMstonfuxui£d:'debt-i-_i.---_--.-----u.'-^—
j
Other
interest
.Cr46,737
; Clntere6t^charged4o:cqnstruction-i.-^--.—
:
:
r
-i.1"' ^
•
....
-
Preferred dividends charged to.surplus———
i
dividends charged.to surplusstock average shares .outstanding
Common
.
'
Common
vVl<x'
$1,476,204
334,079
-
r
due
: :
;
•Prepayments'---^———
'
——
'Total ">
"
$55,396,403
•
.
stook:(par $10)
bonds, 3%% series due
Accounts payable
—'
Dividends payable
"Customers' deposits^
Accrued .salaries and; wages;
•Common
First .mortgage
1970
—'
—
——---
——
—
.
•
Accrued taxes
—
:if Accrued- bond1 interest due Jan.
•
i
1942—^—
1<
Accrued :other interest
Other., current
Reserves;- "
-
"
—i.——
•
—i-,---
.
r
.
.
———
———————
reserves
::
Contributions in aid of construction
———
——
Premiums on capital stock—
Earned Surplus
"--——-i—iil------•
Total
»See
;•
■
.—
\ „-.J. 'j-r
•.
.!
r.
—
.
43,804,030
>
on
funded debt
income
inc.
is
from
57,282,536
-
•—
.
.......
57,640,421
40,147,413
Paramount
Pictures, .Inc.,
4%
debentures
.'.A-'""
&
Redpath
,
'
2;809,464
.1,145,727
2,661,570
*3,513,014
,
2,409,942
3,800,000
-
—
'
.
'
-4,000,000
"
-
,
.
•
_
-
f!i."
*♦'.
declared
.V.
•
-
a
dividend
A'" ^
A
•:/
of
$1
cost of-debs.
purchased and .retired
.
^
,'^;.;ii>A(
A.:";.;.'
A~A
A
■,:"A:rA
A
A
•
..t;
•
.A,;;
v
•
A A
;
194H
$5,040,448
3,805,905
'
*
,■ ,
.
I
; "I
"
m
■
A;;A(.
(Operating income
iAAAA™$1,303,085" * $1,234,542
Other income .(net)———
7,140 ( (, 15,461
"Income
income
Provision
A*
of
income
A'|-
"-'A
r-'.*.::
x.
taxes:( 1942,
income
40%.—V.
Carolina
Plans—
—
,
.
663,752
659(154
•
$590,849
$646,473
Federal
rate
—j.
————•
:
Federal
for
estimated
11,318,4^3
11,805,713
-
'
...
r
«>
.
$1.05
on
•
$0.72
$0.76
undistributed
earnings
tax
155,
for
the
$395,100;
1942
year
830.
,V.r v(. a-; :«■ •Va:\V^-"(
1941, $194,230.
is based on an
p.
Insurance
-•
VA": A ;AvV A(A 'i=1 >'• A ■
Co.—-Changes
: A-
^A-
Financing
-
conditions company has decided that it would be inad¬
through with its proposed financing as approved by
stockholders in" September, 1941.
AThe stockholders, at their respective meetings held Aug. 31, 1941,
and Sept. 16, 1941, authorized and provided for increasing the capital
stock of the company. from $200,000 to $300,000, and increasing the
number of shares of capital-stock from 25,000 shares (par $8) to 37,500
shares
(par $8) by providing for the disposition of the increase of
12,500 shares to the stockholders or-others, as the case may be, at
the rate of $16 per share.
•
;
Directors, pursuant to the directions of the stockholders, certified
(resolutions providing for the inorease in the Capital stock to the
Secretary of State of South Carolina, who thereupon issued certificate
d8ted Nov. 3, 1941, authorizing the increase and certifying tho comDue
to
war
to
go
directors ;and
.
-
con-
pariy's compliance with the requirements of law.
The
1940
a
Dec.' 31
1938
1939
v
.
■
.
,
-
,
-
-
-
.2,670.
.
--
-
'
company
now
,
deems it desirable not to effectuate the increase
capital stock in the manner provided, but to effectuate the
same by restoring the par value of the present outstanding stock of
25.000 shares to its former par value of $10 each by transferring
the
in
$50,000 from the surplus of the company to its capital stock, thereby
(adding $2 to the par value of each share, thus Increasing to
$10 the *;
value of each share of stock, and further transferring an additional
of $50,000 of surplus to capital and Issuing therefor 5,000 shares
of the par value of $10 each to the holders of the present outstanding
stock.
• "
s» lit
The stockholders, therefore, at their meeting held April 22, rescinded
-so much of the resolution passed at their meeting held Sept. .16,.1941, ;
as relates to the method of increasing the capital stock of this, com- npar
sum
*
.
-
•
.
Amort,
sale
of
of pref.
Balance
on
' "
comm.
of
>
stock—,
accepting
5%
1943, in -exchange
due 1956 under the
eonv.
on
pany and as may be in conflict with the present plans, and further
resolved, "That in order to restore the capital stock of the company
to the amount of $250,000, and the par value of the stock to $10, as
.
(
:
56,959
56,959
commission.
pref.
it
455,669
pref.
stock
common
stock
?
"
-
-
%
stock
Dividends on-5%% cum;
Divs.
.
$4,126,225
-
sale of pref. stock
of cost over par
of
(
-
on
Excess
$55,396,403
^
,
justed interest, etc.—
180,451
620,302
11
$38,097,928 $32,527,363 $29,467,245 $28,687,034
Prem., unamort.> disc't
(
and expenses and ad-
"
40,364
-
,
—A—^-((.$1^10,225 V $1,250,003
deductions.
Net
•
-
•
>
*1,959,749
13,070,625
^
^
existed
prior to the reduction thereof July 28,
1932, $50,000 of the
surplus of the company be transferred to capital, thus adding $2 to
( the par value of each of the 25.000 shares, thereby increasing the
value of each share to $10 and making the total par value of the
outstanding 25,000 shares $250,000; and that the further sum of
$50,000 be - transferred from, ^surplus to - capital and 5.000 shares of
„the .par value of $10 each be Issued therefor to the holders of the
par
——
x
(%..(.A:.. .'v.
1,866,027
1,876.064
9,802,969
" 6(535,313
.
1.876,063
9^49,438
present
stock in .the. manner and proportion authorized
each aggregating
being converted to capital stock and accepted by the com-
outstanding
by law. the said transferences of said sums of $50,000
Surplus as at Dec. 31 $22,611,885 $20,761,044 $16,872,684 $17,661,533
$100,000
•
A:^v
1942
-v..;.*;. -"*' •A'A-AV^V'.'
-
.
15,654,578
.
-
-
.
per
.
17,334,214
surplus——— $20,761,044 $16,872,684 $17,661,533 $17,350,251
15,654,678
11,805,713
11,318.423
18,360
Excess of prin. amount '
""
"v v*
over
A AA(y(
\
:.;((:Jv:^((,'((X(S'i((:((
,
3,016,702
9,900,000
taxes
opeil._
.
.
offering.-—
the
originated
12 Months Ended March 31—
visable
.
first .mortgage -bonds of the. corporation, due July 1,
for
exchange for
„
11,637.937
; ' 4.338
840,930
Exch. Offer-—
now
for
South Carolina "Electric & Gas" Co.—Earnings—
-
A
Previous
value
f V San Francisco Paramount Corp.~Bond
Angeles, Calif.,
p. 1417."•'
Los
Parker
have
Gross income
3,157,490
41,521,633
<
held in treasury——
exohiange.. •agent.,
\
-
.
Consolidated Surplus. Account for the Year Ended
;
,
(A
contra.—V.; 155, p. 367.
•••.tMftnufacturers-"Tru6fc.;Co;;;?
'''f ■*.. rj '•'
54,482,930
2.680.98U
65,668,65.1
47,678,063
Addit. prov. for-amort.
;
of gen. xevaL & prem,
"paid on cap. stocks-.
;
?
,
1938
.
133,633
1
-
81,928,979
.
income from opers.
17,334,214
(Retirement ——'
■
.
3,390,001
En^ed
stock.—V. 155,
Operating [revenues -AJ__—i
: $6,365,224
( *Total„operating revenue deductions—5,062,138
Net
689.719
2,272,597
——
Street,
4
•
•
• '
,
share oh the
(common stock, par $5, payable May 29 to ^holders of record May 15.
: Oii Feb.
28, last, a -distribution of 75 cents per share was made.
During 1941 -the following payments were made:
March 1, 50 cents,
and June 2, -Aug. :30 and Nov. 29, 75 cents each.
In addition, an
extra of $1 was paid on Aug. 30 and one of $1.25 on Dec. 20.—V. 153,
yy'y*;*
"
54,601,556
.
•
-"AyvA:
,
.directors
South
serial notes—
for
Total
'
Other
;
.
1941
•
,
Amortization of limited-term investments——————
Employees' provident reserve
The
..
•,
^3,957
r
Spring
common
Auchincloss,
"•Includes
:(Earnings per share on. '
(
13,070,625 shrs. com,
stock outstanding
$1.32
(
*No provision for Federal surtaxes
A sidered.
■■
6,247
f
:
—
—————
and
Prov.
Net
1.299,347
- - *270.000
:
—
,
(
-v
•
—
t
Depreciation
^.
_
-bs'-
•
■
(South Bend laDrn WorksA^argeT'Dlvidend^-A;
;
1939.
62,278,649
4,422,740 "
.
—
?
-
w
.
12.500,000
16,000,000
,
765,483
375,000
!205,146
91,316
and, accrued liabilities—--———
Deferred liabilities
-
.<
42,928
>% preferred-stobk^(par.$20)---l--.-»^^—r--*
.
Interest
A
;chinrges*4^-4-^T?';-a-^---r-—-1 >558,801
,
V
1940*
77,506,239
Total inc. & .credits
(
•"
Liabilities—-
1941
together ( with equity
in oper. results of affiliated cos. not consol.
;;
*270,000
984,761
1,308^87
•
33,660
,
—-————•——
receivablefMa-teri8lsand'8UPplies—---_——w—i'-——
.• Accounts and notes receivable (other)——(
j.
Deferred
-T
>"
(& Subs.)—Annual Report—
'
( Property provisions and
C
abandonments
j
Customers' - accounts and notes
i
^
mission.
((
bther'income"&' credits,'•
for payment of bond interest
Jan.»1/1943 (see contra)
*
"
Profit
,
827,681
1,003,250
$1,329,682; .total. Utility plant—
—
$50,001,789
Cash on hand and demand Deposits------------------- • 1,195,577
Cash on deposit =with "trustee
-
926. ,";
■
A A ? ^ (A A';-':((;A:A:;:A
(((.(:^(:(:'(-K"((((■(''(:': AC(:
^$1,613
,
- *
•
• •
Special offering of 3,500 shares of capital stock (no par) was made
April 17 on the New .York Stock Exchange at $14, with 50 cents, coui-
Intangibles,
$48,672307;
equipment,
and
-
^
of
V. 155, p. 926.
salesi- ;less-dis-- ^ ,,,$
$—■
and allowances 300,053,408 254,103,590 248,402,482 252,831,764
Costs, sell. & gen.exps,,
W
i<j,..
together ' with
taxes
other than inc. taxes 222,547;i69 191,824,941 193,800,926 198,348,834
.
^Balance Sheet,^^Dec.-81, 1941V:';,,
plant
Property,
:
^
■<
-i-
.,(■(
count
<
■;
1'
•
A?
Corporation—Trust Agreement
-Snider Packing Corp.—Special Offering-—
1M29
$309,576
.
1304;
p;
^
South
433
certificates
Gross
.
/
$2,174,399;
; 442,014
958,444
1,032,995
—
.
•
-
Consolidated Income Statement, "Years Ended Dec. 31
fifing
Netincohie
■
$527,253
Shares^ of
4,950
H.
H.
( Co.,
.x,.
,.
Redeem
1933, has been terminated.
Cotton, Charles C. Irwin and Lou Fritch, all of Los Angeles,
A Calif., were voting trustee.
y.
t Participating certificates should be sent to Title Insurance. & Trust
i
'
Co.—To
—
9,239
..
:
^!.;
$.500
x
$8,000
1942 Revenue Act the company has
p.
Shell Union Oil Co.
Crl5,332
i
»
9,773 :
Miscellaneous
$20,042
'
•
amount of $625,000 in respect of Federal and Pennsyl¬
income, representing approximately 71% of net
profit before such taxes. This is substantially in excess of the amount
computed on the basis of the 1941 rates.
,"
(• Note—Earnings per common share was 45 cents in 1942, compared
60,646
10,821
-
$406,076
.
the
„
.i
1,500:
taxes based nn
vania
$2,841,995
.602,222
56,149
17,527
Amortization of debt discount and expense
(
The trust agreement, dated as of June 1,
•
.
-
$2,841,972
$2,052,916
540,000
Gross ilncome '-^-ii-----*—--—^——.
„
14,384
.
•
in 1940, and $5,207 in 1939 in the equity of this company in
provided
Other:4ncomev-23.)
deb4h£Ufts
'u"-Li
;
^
Sixth & Olive
$375(094$5,895
$0,382
v 14,147'
370,000
^ $250(302 *
;.With $1.15 ip$941.r~V. ;155,
.
s -
,.
1 1,500 ••?
8,630
*' V
:
•
:
13,730
.
•
$905,884
1625,000
•tfifo')p8rtly<$wfieiilsubsidiary.
(,; tPendftig the passage of the
'
$2,049,350
180,527
-:;'k~.»Doe$$dL'laoiaaff$h$;;lncmsd:-Bt:$ri3jOOO*'.to;';'l$42; $89$3ff tn 1941,
,
.'Net operating income
$877,911
u ;27,972
s'
,
4,500"
7,476
Provision for Federal $5 *
t :
-
,
•.
'
on
in'partA^V. 154;
(or
■
Depreciation ——
i__—— ■ 1,474-,857 ' - 1,397-,699
4 : Amorti2ati0n of 4imited-term investments—
423
.
- 458
>rovishm for employees'.-xethiemeot'aimuitiesr--'-^rI.1: ;
if : For luture*servioe ^annuities
^
95324 i?ft
—
t " For past-servicei.annuttie8—'i—;——
501,604
——
Taxes (other than/Federal, income :taxes)-._-—
1,319,661 1 1,122,078
Provision for.-Federal.income taxes--——
) 670,000 ^ 132,500
'.
202,146
17«642.
income—$882,778
State-income taxes—
3,310,068
3,987;989
752,610
—-——-
'
((
,
1,
(^
147,000
.
—
236,932
9,000 -f
•
$9,452,396'
Operating Tevenues «-^-^iiiii^—---^-.i.--—«. $10,851,919Operation -expenses ->(includtng:^re'<M;4cj4^wer " ' ' '
*
147,900
7—
]Prov; for doubtful accts,
;
Electric Co.—Annual Report—;
' ~
; 1941
1 1940
.
*
;
—1„^
246,520
:Taxes,^ther than prop•erty and income—.—
•
:
90,000
'
•
-
admin, exps.
Interest
<■
.
,
1942 at $105 per share plus accrued dividend. .Noticed wUl
May 1, 1942 to those stockholders of record April 30,
whose certificates are drawn for redemption either in'Vwhole
mailed
Prov. for amort., of
used by manufacturers
.
and (amortization; of
of drawing 4,950 shares of said stock for redemption
the purpose
June
be
'
.1942
allowances
&
Manufacturing
>
,
depletion
been
has
on
1939
1940
"
.
453,>..848..'..;
•Journal.")—V, 155, p; 308J V.
depreciation,
•
received by the New York Curb Exchange tha.t a
record will be taken at the close of business on April 30, 1942, of
holders of the 5%
cumul. pref. stock, series AAA, par value, $100,
Notice
for
1941
Balance
and supplying substantial quantities of ;
$866,120
(Other income—^ ^
; 16,658
pulp under Government lend-lease contracts.
i
,
T. Hi Cosford and J. A. Quinlan were elected directors.
("Wall Street
«
comjianies,
Preferred Stock—,
Corp.—Earnings—
of paper for essential |war uses
;
'for
reserve
Sherwin-Williams
completed
( Gross sales, less disc'ts,
groundwood mills in northern New York are making substantial
papers, toweling sheets; etc.
«
:
.(/•.'
* •
»The Pacific Coast pulp production is being
affiliated
to
common
"
Sharon Steel
tonnages of paper for the War and Navy departments, the Government
Printing Office, .Treasury. Procurement Office and other agencies, be¬
dsides supplying paper for telephone book requirements, mimeograph
,
advances
stock purchase warrants expire and become void at the clo&4 of
on May 1, 1942.
Dealings in the warrants on the New York
Exchange will cease at the close of business April 29.
Transactions in the warrants on April 28 and April 29 will be for "cash" only.
—V. 155, p. 1519.
*
,
the Schering Corp., a manufacturer of drugs.
Previously,
ences
had been eliminated from the management of the
and other food products to the
in
and
$709,818 equity in surplus, $11,675,916; other
securities,
at
cost
(less
reserve
of
$112:998),
Curb
.
'
fAfter
in
with
•
,
•
Investments
and
.business
,
of the United States Government.
name
of:
together
Scullin Steel Co.—Warrants Expire May 1—
Property Custodian Leo T. Crowley announced that 100% of
common
stock
of this corporation, Bloomfield, N. J.,
has been
taken
245,281
The
Alien
the
,;iwA—
85,000,000
1133,122,500
196,059,375
20,761,044
(14,036,398 (14,036,398 :
$446,120,150 in 1941 and $412,714,536 in 1940. '
.(
§ Represented by 13,070,625 shares of $15 par in 1940.
(
HRedeemed since Jan. 1 through issuance of $25,000,000
and notes,*!—'V, 155, p.-160.
-
Schering Corp. of Bloomfield, N. J.—Taken Over by
.income
cost,
investments
taxes include provision for estimated excess profits taxes as follows:
For February, 1942, $12,579; February, 1941, $621. ( For the 12 months,
•1942,"$35,969; 12 months, 1941r$l;367.^V. 155, p. 1606. .
;= f
1
Business of this company and subsidiaries in the first quarter of 1942
increased 30% over the first quarter of 1941, and net income was con¬
...
(
1614 522
398,591,150 384,009,665
$134,112
,
an
4,522,988
13,725,496
•
______
Totai
$194,112
.'$212,007.
-
based
are
and
surtax
:
'
step rates of
45% to 70% for excess profits tax to provide for anticipated increased
taxes over existing law.
The amounts shown about for Federal income
A*
.
Balance for common stock and surplus-.ifi—,
\-f:
;
r
*Consists of investments in and advances to affiliated companies
(at cost (less reserve of $43,181), $10,072,917; other investments atod
securities, at cost (less reserve of $168,807), $955,032,
•
.
.o',
.
May 1 to holders of record April
share paid in preceding quarters.
: ^,.y
convertible preferred stock._
Stock _—196,059,375
surplus —____t_——— 22,611,885
Capital, surplus
^
.$343,226
149,115
..
.
.
234,632
v;
9,036,921
153,855
108,961,000
cumulative
Earned
. •
.
•
obligations..
( § Common
$796,572$718,037
$65,283;'
$34,581
.
6,017
'
.y.-,,
.mm
5 7a%
-$709,134
•
-Balance.,$272,007 ;■
Preferred dividend requirements_„____—J60,000
(
Dividend--;
paid on.July 10, last -year.-r-V. 452, p. 3664.
.
'
*
$790;555^
-
368
,
",-'i ' .'i....
.
$65,947
^1,366:
——
Debenture dividend
.
,
/
Interest & amortization
t^R. B. White, President of the BaHimore & .Ohio RR.,. has been
$64,915 "
•
Br955
a-'t'^-y«y;:'Zwi ■■"—'
T/.^Balance
.
-$66^02' '
4
*"
'
'
-
-
•£!*;.'
-
Fredericksburg & Potomac RR.~t-New Di-
Richmond
A
©per/revehuesiii
Other Income, Tiet-«_—
,
*14,687,429
121,774
1,061,969
5,818,875
21,877,931
.
: Property purchase
Funded debt
267,939;
.
A
.
.
.....
liabilities
Other
96,324
213,789
-
> 23,714 1 y-308,679^^
<
:t
Wages, interest and miscellaneous accruals—
Taxes including provision for Income taxes™.
; Preferred dividend payable
•
175,203
; 328;367
,
927
.v.*■ ^xi.,a...
Property purchase obligations
Notes payable (current) —;
$2,521,019
944,053
$3,084,228
! 1,204,114 "
^47 Q41
Total» ———591,150 384,009(665
j:
Mos.—1941
1942^12
$285,225
$222,359
114,310' "
80,513
15,803 '
10,050
;
Maintenance
>
,
v-:"
155, p. 1605.
&" Power Co.—Earnings—
'
Period Ended Feb. 28—
i ;$l,50;per share on* the; preferred stock,
of record April 24.
Savannaii Electric
':j
,
M941, the company, made an interim
stock outstanding.—V,
common
-v''
41
•
-''Liabilities—*
have (declared an interim dividend of 15 cents per
stock and the regular quarterly dividend of
The directors
v;
'
on
:
■
' a. •'
$
,
TO R7Q 44fl
23,632,530
•"
—-.ii—•• 52,142,730 48,185,949 f
Investments
(15,014,657 *11,027,949
fProperty, plant and equipment————-i. 228,964,879 $27,769,292
Other notes And aocounts rec. and
sundry deps.
14,983,013
7,375,323
rDeferred charges
A._
7,828,959 (, 8,227,492
income
:'$37,087
^. $9,099
Earnings for the three months ended March. 31, 1942,.foliow:: Gross
; earnings, $271,251; cost, expenses and taxes, $205,287; interest charges,
$24,670; depreciation and depletion, $12,671; net income, $28,623, equal
? -
^
♦
'
Inventories
:
■t
r
\
•
receivable.—T—1——"32,107,537
55,016
;
,
;* .* •'
w.
_
1940 ■'
1941
•
<
lu I"
Y* ^ government securities—16$69;927 16:243,187
Accounts and notfes
•
-charges4
Depreciation and depletion—
The New/ York P. ;S. Commission .has authorized, the company to
make rate changes in its general service classification which will result
(A in Jan annual reduction t>t about $52300' to electric consumers who use
this service,and will bring the total reduction in the proceeding to
A about $153,000; yearly; according "to Chairman Milo R. Maltbie of the
.(,( Commission.—V. 155,- p. 006.A<-AA"X A. •*■•>XA"A(J.-'\;:''AX ■'■■O' ^LZ«4
,v><.
.;
*
*
(Aug.
on
Dec. 31, 1
-
Cash
;
debentures-acquired
principal' amount.. IPremiums,' unamortized discount and
interest on Shell Union Oil Corp. "3%% deberi-
and .adjusted
expense,
'
>
Gross
•
*Jheludes premiums.v.;(Through, sinking fund of;
less than
".
at
•,
:
"
>■
/
-THE -COMMERCIAL & FINANCIAL CHRONICLE
1686
payment in full
capital stock."
pany 'as
by
the
stockholders,
Increase of
The
holders
'requested
of
the
'
to -present
their
certificates
respectively,
stock of
of
stock
-
for
are
i?
the
ment
for notation
on
the
to
company
holders
the
of
the
stock "in
present outstanding
154, p. 1384.
by law.—-V.
page
Operating
1942—Month—'1941
_——u!
ment
the
——u
deprec.
and
113,676
>$2,789
83,239
61,470
116,015
divs.
$1,606,048
497,979
382,832
699,464
1640.
-
"Deficit.—V. 155, p.
Southern
$1,322
,
.
Financial
and
' ''
;
■!
"**
"r
V;l
$1,729,375
:>The
Operating
Co*—Earnings—
155,
♦Federal
1606.
p.
Year Ended Jan. 31—
0perating revenues
Operation
Maintenance
and
—
>>:r';>-
1942
1941 yyy
$2,485,331
862,984
^
repairs.
.853,135
v
170,356
300,000
88,258
131,617
negotiating
operating income—
.Other income, interest revenues
Gross income
•
_
$701,428
_■___
34,161
Amortization of debt discount and expense
interest
Other
Interest
_
charged
.10,758
7,911
Note.—No
$255,540
1941
V.
has
155,
—•
made
been
it
as
estimated
is
no
$236,086
such
tax
will
agreed
will
;banks
behalf of
on
■■
1,200,000
648
4^; 7 342
'7,057
4,646
$262,115
7?; 1,066
7 $315,790
$3,827,083
$4,210,827
•
income
Interest
on
Interest
on
the Standard
Other
w.
(net)
——
;'7
C 170,417
10,000
.'7,316
10,000
7 5,819
$75,448
$130,855
bonds
18,816
$4,229,8^3
2,045,000
;
2,045,000
,
120,000
120,000
105,334
.
19,006
7,
$3,845,899
170^17
bonds-
deb.
and
7
.
$317,091
deducts.
mtge.
int.
1,3017,
$263,181
;
:
80,779
as
Net
bank and
income
Dividends
the National Bank of Detroit each
applic.
stock
preferred
to
of
$1,978,054
$1,575,565
period
865,050
Balance
865)050
-
take
all
the
upon
or
♦Includes
$1,113,004
provisions for Federal taxes of $9,927 for the current
$28;362 for the 12 months ended Feb. 28, 1942, additional
required under Revenue Act of 1941.—V. 155, p. 1607.
and
to
amounts
part of such amount not subscribed for by
and conditions."—V. 155, p. 831.
any
the
terms
same
$710,515
month
Transamerica
Pacific Finance
Corp.—Seeks to Acquire Control of
Corp. of California—See that company
above.—V.
Sterling Products, Inc.—Operation Being Investigated
by Treasury Department—
/
;
•
926.
p.
!/)':).
negotiating
are
take $2,500,000 of the loan on these terms.
I also
you are
negotiating presently yrtth Vother -banks to
to
that
understand
due.—
be
100,000
it!-',.: ■ V.
Grossincame—
p.
the Revenue Act of
provision for excess profits tax under
1,092,761
100,000
1___
of- limited-term
Other
7join in this credit. In order to facilitate arrangement of this financing,:
RFC
Net (income
you
that your
told
am
have
Cr3.595
,8,310
____—...—
654)439
,
"I
10,409
:Crl2,531
-
.
construction——_
to
.Miscellaneous
408,497
734,497
698,173
oper; revenue's—I
Net
fiscal Agent for the War Department,
has* agreed to guarantee 90 % of suoh loan, having a maturity of four
months, interest at the rate of 3%, from which a commitment fee
of 6/10th of 1% will be exacted by the.guara.ntor. : .'
;-ii..
$693,469
33,755
"Interest on first mortgage bonds
1,240,997
'
Co. a $50,000,000 loan to finance war .contracts ,and that
;the Federal Reserve System,
194
$701,636
*405,804
_
_
:yi
that
understand
"I
"Steel Spring
$693,276
207
"•
•llows:
;>■■■>
Net
5,181,798
44,869
56;706
taxes-.
unsubscribed
the
■
4,469,669
418,799
763,500
income
investments
offering on behalf of the RFC to take all or any. part of
portion of a $50,000,000 loan which the company is
on behalf of Standard Steel Spring Co.
The telegram fol-
Pittsburgh,
331,495
119,175
T
Provision for Federal and State income taxes—
300,000
331,387
—
Appropriation for retirement reserve..——
Taxes (other than income taxes)—-—
Jesse Jones, Secretary of Commerce, published April 16 a telegram
which he sent to Clarence Stanley, President of the Union Trust Co.,
$2,397,781
-
470,548
63,674
taxes-
Amort,
•
^
1942- -12 Mos.—1941
$936,506 $12,155,108 $11,166,839
$960,485
Property retire, reserve
t.
appropriations
Standard Steel Spring Co.—RFC Offers Aid on Loan—
V;
$0.81
•
ex-
eluding direct taxes—
-Other
Co.—^Earnings—
1942—Month—1941
reyenues____•
Operating expenses,
:7.
payment represented the principal of $1,500,000 plus .3 % interest
1937, when the properties were taken over by
Government.—V.
148,463
-
was1
Period Ended Feb. 28—
dating from March 13,
Bolivian
1942 figure
Texas Power _& JLight
'-f
Department on April 22 announced that the Bolivian Gov¬
ernment has paid the Standard Oil Co. ,of New Jersey $1,7.29,375 for
all rights and properties in .Bolivia nf the United States concern and
of its subsidiary, Standard Oil Co. of Bolivia';*•••■
*'•
?*•••.
the
1941
• ,V
244,194
$0.95
for-Seized
The State
$1,018
1942
$710,487 v .$195,346
.
reached aftfer providing a reserve of $100,000
for contingencies and after making provision for Federal normal tax,
surtax and excess profits tax at the rate of 60%.
For the same period
in 1941 net profit was $148,-463, after providing 24% for Federal indome
taxes.—V. 155, p. 1221. ^
Chronicle,"
>' '
,
Releases
Government
Lands—V.t.".)':
1606.
Colorado Power
"Commercial
;f,W-v-1
^^VvV,'-
Earnings per share on 287,000 common shares—
•:
:>••
>'
;
r.
.-
'
$1,458,942
415,851
> 357,337
684,736
The
Surplus
:
-
''"'-'v
^provision; for Federal 7taxes_^7---
after Federal ,taxes____i^i._i:-,^_«i____^_.
?Profit
>>
•'•r
before
Profit
and iFinanoiaLyCilroniole,"'
■•-'y.v'/y,-.;
the
Eap©r>Co^-Earmngs— ^
:'v3 Mohths^EndedMarch31— ^
(New Jersey)—^Mexican *Oil Settle¬
of
issue
23
Bolivia
-
$25,773
57,920
•
April
Sutherland
-
/. )•
■
"Commercial
Agreement—
See
1942—6 Mos.—1941
$238,875
70,067
$262,046
expenses
Taxes
Int.,
31—
Mar.
>,
..
,
SouthernCanada Power Co., Ltd.—Earnings—
Period JSnd.
■'
Standard Oil Co
page
•Gross -earnings
of California—Mexicans Oil ^Settle¬
■
Agreement—
April 23 issue of the
1640.—V. 155, p. 607.
See
*
present outstanding stock of the increase in the par value from $8 per
share to $10 per share, and of the increase in the capital stock from
$200,000 to $300,000, and to obtain their pro rata part of the 5,000
-additional shares of the par value of $10 each to be issued by the1
manner-authorized
Oil Co.
Standard
said
oompany
+
;
outstanding
present
:;^v.IVLoiiday, April -27; 1942
155,
,
1223.
-
•,
„
r
,
The Treasury Department
announced April 17 that a staff of Treas¬
ury
representatives is iconducting an investigation of the operations
of this company, the subsidiaries of
which produce such household
remedies as Bayer Aspirin, Fletcher's Castoria and Dr. Lyons Tooth
Southern Counties Gas Co. of California—Annual Re¬
port—
Calendar
Gross
'
,
Years—
-
'
'
■
-Operating expenses
Taxes (including Federal taxes
Provision
for
retirements
1940
$10,472,745
,>6,344,706
01,529,693
—
976,769
.______
$1,549,620
Other
income
agreed with the Foreign; Funds Control
.completely its relationship with I. G. Farbenindustrie and agreed to enter into active competition with I. G. Farbenindustrie subsidiaries in the other American republics.
^
$1,693,476
1)985
In
416
(net).
August,
Total
—.
$1,551,606
___—
.
Products
$1,693,892
40)462
Bond interest
346)875
Interest
20,302
.Cr7,103
construction
to
_________
G.487
1 2,185,429
402,227
—;—
$3,779,188
$4,669,598
;
______
the former
Santa
Maria Gas
Co,
merged in October,
*1941, $402,220; miscellaneous, $7; total
.
Total surplus
(stock)
bonds
31 "A
Feb.
1942, totaled $3.43%
896,500 ■
expenses incident to
retirement of
*
>
y^vV ;-y./.>;•;•:
; y
;
975,750
refunded during the year, less related
decrease in taxes based on income
Miscellaneous
share
per
dividend
of
62'/2
cents
$92,095
income
;
,
y
3,904
-
99,529
y
128/243
520,770
Other
taxes
10,885
10,501
—
retire, reserve
appropriations
.
:
28,134
*-.y
75,000
.V
y
$125,770
5,345
$66,409 y
$0.49
$0.93:
,yy
$1,350,000
by
$22,789
y
-
-S0.17
,
*
)
.
.previously
outstanding.
The
April 1,
on
reduction
was
payments -of
the
notes ior $250,000 maturing in accordance
bank loan and a further payment of $100,000
i
r r
! Consolidated ilnoome Statement 'for Calendar JCears
7 ,-i .; 4941
' 1040 •
7
^^
:7
operating revenues
•
_-i__
Federal
_7i_r_LL_
income taxes
540,841
7 131,000
145)700
/
.
1.272,027
^
692,690
■
•
-270,000
^
1.345,290
•1,680,152
1,817,100
-
$,427,453
1,845,021
1,804,052
Taxes-
123)198
11,340,533
.v»-2,230,278
Depreciation
*
V
$19,362,119 $16,179,906 $13.460;717
70peration*expense5>^7^ii7r-i77' 13,631,854.
32,864
*1939
-
Total
'
8)419
26,447
141,409
,395,000
taxes
on the $250,000 notes falling due on Feb. 15, 1943, according to ,a
.statement lijed Fith ,the SEC.wV.,155,:p'^ 927.? .v^. 7 ,1, 4
v7
700,773
1
;
profits
United Air Lines Transport Corp. >(& Subs.)—Annual
$1,144,048 ,Sil,101,023
>y.56,120 ,'716,718
G)032
taxes-
excess
the terms of
-Maintenance'
!• 59,503
taxes
•Federal
~
Property
•
Earned surplus, Dec.
31_.
♦Iii order to state taxes
parably from
$1,799,943
■
on
the basis of normal
to year, no
effect has
in
on
year
been
$2,185,429
*
the
''">?•>'>■: :'>V\
Assets—Cash
Sheet, Dec. 31
Balance
■
v-.,
-
Accounts and notes
963,140
1,002,993
950,624
114,043
:
46/672
'■yk
Drl7
Dr443
;
v.
Other
Int.
int.
deducts.
and
chgd.
454
y
-
-8,463
Cr983
construct.
to
.
$194,836
5,450
:
86,960
Cr8,353
n
-
.
;
Dividends
'
i:
;V
35,000
federal taxes of
$3,100 for the current month
5
4
$12,400 for the 12 months ended March ,31,1942. additional >to the
required under "the Revenue Act of 1941.—'V. 155, p. 1607.
and
Tennessee^.Central
stock
$11,000,000
series due 1972
interest
1,
(due Jan.
.Series of 1968, 4y2s_____
Accounts payable
;
Due Pacific Lighting Corp
1971)
Customers'
Deferred
11,500,000
—
476,809
428,387
97,178
746,312
•86,250
advances
.
*
accounts
~
vA_.
«.*
surplus
construct!
;
1,799,943
Total'
-V. 154, p.
23,927
11,405,699
1,129,912
1271.
42,996
Period End. Mar. 31—
Ry; operating
revenues.
Ry. operating
expenses.
Net revenue from
Operations
>
.Railway tax
accruals—
5,183,479
,
^
'V*
1942—12
X
141,987
69,580
52,483
64,729
$9,013,579
'
$775,463
;
$D;40
,
$776,534
$0.52
credited
to
surplus
in
$0.52
1940.
.
1,672,398
'
83,333
83,333
1,000)000
636
$2,785,148
24,059
$254,914
$2,809)207
mtge. bonds
140,542
140,542
System]
Interest
on
interest
Other
Net income
280,158
3,658 y
y
,
2,776.
$35,242
———
$111,596
a,pplic. to preferred stocks for period
Balance
v
36,724
$1,085,983
:
375,678
the
1607.
amounts
required under
> ; :
'i ■■
the
Revenue
Act
of
1942
1941
$4,369,998
—Jan. 1 to Apr. 14—
1942
*
1041
Equip,
Jt.
$3,235,411 $61,947,703 $47,732,883
of .the
Co.—Weekly Output—
T$
public utility operating companies In the
Standard Gas & Electric Co. system for the week ended
April 18 1942
totaled 150.326.000 kwh„ as compared with,
133.816,000 kwh. for the
corresponding week last -year, an increase of 12.3% .—V. 155, p 1606
rentals
■
977.167
1,789,675
c>
.315,618
1941.—V.
877,891
1,056.783
320.813
credits^—
7,502,255
6,373.378
152)086
par) u__—uij.——
—
740,834
>
436,441
'7.502,255
6 373.378
def404,164
Total ■
;
————_
In 1940.*
:;v
Dividend Outlook—
,
$19,637,826 $17)086.748
depreciation of $7,784,990 in 1941 and
$6,244,502
./
.
y)y.)/');'-.!))*■^:•-)!'.':•!'••..•>■•
•
y
•
■
'
At
;
156,
the
meeting of stockholders held
President, answering a stockholder's
annual
'
Patterson,
>
April
on
query
14.
W.
regarding
A.
the
dividends, stated that the corporation's present policy
is to pursue a conservative course," 'lor the reason -that it is .difficult
to figure income -and -expenses .over any long' periodof time."* He
'expressed the opinion, however, that there would'be a "tremendous
development of commercial .aviation after the war."
possibility of
"
V
1942—3 Mos.—1941
$9,692,921
6,601.250
4,895.578
219,711
971,836
566.055
101,593
329,719
•289.761.
1,222
2,914
6,782
$679,095
49,239
$562,283
$1,793,030
.$1,529,456
129,908
107,575
$728,334
$600,941
3,01.6
'
$7,274,068
1,682,783
368,891
109,328
632
(net)
net Dr
$2,565,148
2,294,100
.
"We
Total
Inc.
—
income
Miscellaneous
'r
,
avail,
i_
deducts,-
for
■
3,817
Net
319,012
Income
155, p. 1318.
.$405,505
-
'
on
the
basis
of
Its
•••■a-
•
>
,
$1,922,938 \.$l;637.031
11,791 ■ / . 9,782
; He
succeeds S. V. Hall, now in the Army Air Forces.—V, 155, p. 1310.
y
•-$597,925 >$1,911,147
321,450
957,867
*
^$2l0,b00 -of -3y$% 'tdebaiitures -due April £,• MSS^have'Tbeen
redemption;; through operation of the sinking fund, on
102%- and interest.
Payment will .be made at the
'office of Goldman, Sachs. & Co., fiscal agents, 30 Pine St., N. Y. City.—
V. 155, p. 1421.
."
>
;
$1,627249
*'
>A "tofai.of
.called .for
965,275
.$276,475.
$953,280
$661,974
-
—V.
business
New Vice-President.
June
.
think of our
United Biscuit Co. of America—Debentures Called-L
.$724,51.7
Fixed charges
to
Richard L. Dobie has been elected Vice-President in charge of
Western operations,and will make -his headauarters.in Son Franoisco.
'
fixed
charges
r
~
attempting
"
•
38,658.
are
term ^development;" 'he -explained. "Thus I believe sour stock
should be of interest -chiefly to those -not concerned with Immediate
income. We-still have si long-way-to go."
'
s
long
'
oper. income.
Other income
1621,—V. 151, »p. 2956.
Standard Gas & Electric
'Electric-output
,
$582,946
$1,265,371
$3,450,782
facil. rentals,
Net ry.
Products, Inc.—Registers With SEC
23, p.
183,251
$719,791
Capital stock. ($5
surplus
surplus
.•
1942—Month—1941
"Railway tax accruals.
-
Standard Aircraft
7,534.881
■
155)
See -"'Chronicle" April
36,018
151.679
;
1,723,034
—
Paid-in
Texas & Pacific Ry.—Earnings— I "
Period End. Mar. 31—
.Correction—The earnings reported in "Chronicle"
April 20, page 1606,
covered the period Jan. 1 to April 7, not Jan.
1 to March 1.—V.
1606.
368.525
;v.
other air lines, etc. _c_C—
r
to
/
368,525
Deposits received for air travel cards, etc.—
taxesratc. -_^^____—i_^l.-:-----
)
$710;305
____
756,743
r''
payable
Deferred
\ $889,693
—.—
—
Operating revenues
Operating expenses
Week Ended Apr. 14
__
Liabilities—
provisions for Federal taxes of $45;498 for the current
month and $91/691 for the 12 months rended March 31, 1942, additional
Ry.—Earnings—
(net)
.
2,746.190
v *
--.—J-..-—— $19,637,826 $17,086,748
Amounts due
,33,515
.
_•
•
4,575,243
Total
1/686,500
1,686,500
:
50,000
.
Sundry investments
153,987
♦Real property and equipment.-—7,189,542
Deferred charges
806,610
♦Includes
199,686
'
earnings
.$5,238,651
-.-2—_______.'. 70,810
savings .bonds
♦After reserve for
$7,148,042 $32,980,035 $19,014,527
1,562,580
11,629,108
4,697,620
1,016,699
4,167/937
.2,938,501
78,805
:y;
^
1940
,19411(
$5,373,516
Earned
operat. income
$5,685,596
$4,489,950 $16,902,833 $11,278,721
♦Before'provision for interest charges on
outstanding debt, or other
155, p. 1606.
PeViqd—
•
,
Accrued wages,
non^operating income items.—V.
.
;
Dept. on contracts annulled Feb. 19, 1034—_
Treasury securities. on «d^>osit___i__i___^
..
$2/985,386
y;
v
—- ——
xU. B.
$2,971,697
13,689
$179,442
net
income,
p.
Southern
.
1;000)000
$254,278
income..^—_—
revenues.—
-
_:r—U—
Inventory of repair parts and supplies—1,120,403
Accounts due from and withheld by U. 8. P. O.
903,660
701,808
777,245 (:
—
Accounts-'reoeivable
i .3,436,414
•
Cash
f U. *6.
'
>Net *y,
p.
$598,050
Coneoiidated.'Balance -Sheet, Bee. 81 r
"..Working funds'
.
4,067,628
280,966
!
.y
'J'
.Assets—'
;
Mos.—194;
$740,640 $10,302,419
$177,846?
1,596
Net oper.
Dividends
Equip, rents (net) (Dr)
1,542,284
Joint facil. rents (net)
W *
—103,510
Gross
amounts are
Accounts
'■
Gross
1942—Month—1941
1942—3 Mos.—1941
$34,354,531 $22,314,461 $93,432,300 $62,413,583
21,839,662
15,166,419
60,452)264 43'399)o55
$12,514,869
>
taxes—
retire, reserve
appropriations ——
ry.
________
v
Property
Co.—Earnings—
[Earnings of Transportation
_
365,341
taxes-
income
♦Federal
Other
Other
Southern Pacific
$833,236
Operating revenuesOperating expenses, ex¬
cluding direct taxes—
9,727,005
1,080,589
2,185,429
$39,943,027 $36,186,370
1942—Month—1941
Period Ended Mar. 31—
793,530
226,977
263,247
credit-^Unearned carrying charges on.
Capital surplus—Donations in aid of
y
"uv
increased
which
on
Texas-Electric Service Tto^Earnings—
;
615,207
•
construction
T'
Railway—Financing—
April 13 approved ,the purchase by the Reconstruction
Finance Corporation at not in excess of par and dividends; of not .to
exceed $342,000 2%% equipment trust certificates, series E, due serially
July 1, 1942-Jan. 1, 1950.—V. 155, p. 1419. ' 7;
*7 "
The ICC
1,500,000
_
-accrued-
deposits and
installment
Reserves
$9,500,000
11,500,000
1, 1972)
___;
Taxes payable and accrued..—
Earned
:
.
First, mortgage .bonds—
,3% series .due 1971 (due Jan.
Bond
^
f 66,939
y
for the year 1939
:$45M13, representing $173,343 additional revenue accrued for the transportation of mail in accordance with,a'decision of
the Civil Aeronautics Board on June 22,
1940, and, as discussed in
the 1939 annual report, ja reduction recorded in 1940 of $281/070 in'the
provision for depreciation .of planes, engines .and other equipment
was
i
♦Includes provisions for
33,029
>
>$776,634
*
of $32242.I..as previously reported
*The net'income
—__—if7$37,762 77; $70,712'
Balance
y
C$743,506
•
44,327
$39,943,027 $36,186,370
.
■•Common
3%
Income
Net
$105,-712
35,000
applicable to preferred stocks—
.
>*$598,060- y $520,227
Non-recurring non-operat. expenses
Profit on sale of subsidiary (United
Crll4
.
$72,762
$6,430
)
$475,899
:y -
322.17,5
y
vj: Liabilities—
.
earnings ^~ri--i-_-_L*-_'_r—
Earnings per share of common stock
$1,433
Net income
Dr 10,785
83,788
amounts
Total
•
.5,450
454
7,049
:y
,
-Net
•
from npCrationSL__I ii $608,836 y.
other income^__^_—^ y-
-kk/kvy
;■
Dr2-,680
y
$156,819
$9,361
mtge. bonds
on
Net earnings
Interest and
$197,516
•
1,060,211
charges—Miscellaneous
>42/722
-.
667,236
Deferred
V
;
•' $14,376 V; $156,836 I
y
$9,516
Drl55
y.V
Gross income.-——
Interest
•1940 :
$37,120,351 $32,748,683
794,869 ;
707,246
supplies
;
-
>?'y>;y;>>\;yyyy':y
:
Materials
and
revenues-
Other income——
income aris-
1941
:,--.v.yy
>
hand and demand deposits.
receivable
on
■■
3,564
;
Net oper.
amount
ing ^lrom refunding
operations
consummated during 1941. ' Such
decrease, approximately $356j000, of which $327,000 applies to 1941
and -$29,000 to 1942, has been credited to earned surplus by offset
in surplus charges above.
So far as .can be determined the company
had no income subject to Federal excess prof its tax.
.
3,543
__—_
•-v..
operations and com¬
given
shown abbve for "Taxes" to the decrease in taxes based
I
from
with
,1942—11 Mos,—1941
$88,849
v
and
155, ip. 1385
effected
per
'
$101,471
136,412:
Bank loans of . company bad been -reduced to .$1,000,000
on Aug.
15,. 1941.^ . Arrearages^ as^at
per/share.—V. 155, p. 831. 'U
v ::.7 7 \
1942—Month—1941
.Period Ended Mar. 31—
..direct
.
♦1,074,629
8,116
.
cents
Operating revenues.
Operating exps., exclud.
y
estimated
and less net premium and exps. of new issues
16,
a
Superior Water, Light & Power Co; -Earriings^''^*>
1,500,000
Common .dividends i,(cash)__—
Charges and
declared
against
_____
.Common dividends
have
directors
share on
account of accumulations on the $1.25 cumulative preferred stock, no
par value, payable May
15 to holders of record May 5.
A similar
distribution was made on Feb. 16, last, and on Nov.
15, -1941, as
$1,136,411
,3,533,187
$1,191,531
Jan. 1______—.
Surplus credits—Earned surplus of
7
Struthers-Wells-Titiisvllle Corp.—^Accrued Dividend—
■
Net-;income
vigor of Sterling Products's participation in the war against'
the economic front.—V. 155, p. 1606.
»,*
1940;
t
;$252,502
>
516,805
Truax-Traer Coal Co.—Bank Loans—
-
on
-Earnings-
1941,
■
$692,549
;
profitr___
1942,
The
Earftfed surplus,
—V.
Co
1942
Earnings per common share—
•
Cr6,968
,
charged
Net
regard to its activities in the other American republics
present investigation has as its object an evaluation of the
Axis
Forging
31—
'
inc.
Fed.
with
the
extent and
the
profit
Total
,
517,500
___—
•Other interest
company
sever
The Treasury Department has received monthly reports from Sterling
-
and
Amortization of bond discount and expense
1941,
to
March
Steel
after expenses and deprec.—
income
Profit
Committee
Williams
&
Ended
Quarters
Gross
Powder.
$9,866,212
5,944,588
1,251,380
1,048,726
income)
on
1941
-
,
operating revenue.!
Transue
1.
1942. .at
-
'
Volume 155
Number 4067
•
THE COMMERCIAL & FINANCIAL CHRONICLE
United "Gas Improvement <30.—Output—
'
,
.
..
■
i
The
electric
ended
April
output
18,
for the
1942,
U.
totaled
G.
109^392,420
,,
ir
kWlL,
as
kwtn in
12.2%—V. 135, p. 1008. ( '
'
;,;'4V f
*
■'
;, ;
• "
United Light & Power Co.—New Directors—
;
the'
week
same
last
year,
^
•
Hubert
i
the
board
membership^ to
kwh.*
or
-
'!
,
Company has discontinued its
York
,"class B
I;
Trust
of
or
.
Steel
1.5%.,.were owned
abroad
The
coruoration
March
in- .%
directors,
March
/
,"""
'■{
!■
.
pefi0(j Ended Feb; 28—
20
paid
491,875
56,017
shares.
56,992
shares,
^ther* taxes0™ taXeS"~
!
James
Wilson,
President,t
i United
f
States
>:• v
t
^ 4
JSror
and
the
30'cents
\ '
'
■'
'■■■
*
The
"''
company
elected
President
President.
;
Mr.
;
to
succeed
Maurice
Perselay had
Wurzell.
L.
of New
ftllbber
"Co.—War;
$156,274
and
$1,913,008
.
% ".y;.Note^-TKe
v
compared
:^..^profit
He
t,thc
added
that
dividend
when
problems
outlook
directors
.'however,
the
that
plantations
uncertain
as
deferred
the
of
action
directors
had
now
not
and
it
as
the
on
,
the
.
received
12
■
•
in the first
three months
months of 1941.*
"Dnrmp
.
quested
the
to
•
first
-
•
rhree
of 1942
'
l,.
•
.
:;
;
1942
/,
^
•
1
-
with
of -1942
reserve*of
a
for
is
60%
in
and
income
of
the
the
;
155, ,p.
.
A Company—Incorporated
in
taxes.
of
months
of
this
the
vear
Mr.
In
comnanv
is
;
,
in
oneratlne
now
"We
our
now
.
manufacture
which
line
of
products,
M
further
the
'itheir
midwest
increased
the
participation 4n
our
effort
war
needs.
We
also
began work
an
addition ito
In
use.
machines,.-for sale to ^customers, became
company s business.
the
in
quarter of 1942 when iwe purchased ^ textile factory4 to supply
requirements for hose and beltiu" duck, a factory in which we are
producing duck for tents, tarpaulins, knapsacks, and other military
ihit manner ^he ^firtSor
manner the building
this
jn
portion of the
.
.
f
.
1971—...
Forms. Synthetic Rubber Division—
The
company, announced on April
division to be headed'by .John
will
with
oral
of
the
manager
155,
1520.
p.
•
.
.
;
of
m
1
s
Periori Ended Feb
Operating expenses,
direct
eluding
,
1942—Month—1941
28—
S $117,201
revenuez..-
at
not
,
tion
1942—12 Mos.—1941
V
*
fr.
Rent
1,136,907
704"
791
>
993,365
8.025
of plant,
57,903
'
70,719
\"*$5,062
56,688
$63,646
558,499
Gross
Cost
sales,
of
less
which
299,136
$51,626
$622,145
$620,089
than
5%
"
simplification
provides
that
■
■
under
air of
f
will
discounts, etc
receive
Other
int
int.
deficit
Net
'
'
bonds
50,763
2 054
AU0*
1,184
^
-
'•
•Deficit —V
Deficit.—V.
609,150
16,853
50,.763
deducts
aeaucis.
mt.ge.
and
ana
"lS5
155,
O
p.
$321
$321
—
*
-1608
lbUB.
_!
'
•
$3,858
Common
stock
to
of
this
8,703,252
the
•
I
Other
$3,858
■
31
Of
1941
the
•the
r
$250,861
448.643
names
--v'
•
y.
$251,101
Cf
6,759
$244,341
shares,
or
12.5%.
held
an
Dec.
.
$5,882
48'684
Other
preferred amounted to 3.150,432 shares,
Issue,
held by
Hew
-
31.
them Dec.
1942.
31,
compared with
Cash in bank and
$139,774
Prov.
Deb.
$23,519
112,951
.
---.v
.V
87.4%'of the outstanding
shares, or 87.5%,
1941.
holdings-of common .stock March 3t-1942,
shares, or 21:9%
aeainst A,960,770 shares, or 22.4%,
31. 1941 "Brokers' .holdings of -preferred stock were 369,974. shares,
.
——,
——
;v
357,592
'
'
,t
$41,125
,
•
.;
p'.
,
,
'
.
>;•'
) ||.
f r.;1
—
—
•
.
.*l 1,-V, g.-.-
f
of initial issue.
date
stock,
common
of
the
Amend¬
no par.
registration
p.
has
been filed
1520.
$1.50 Dividends—
q
declared two quarterly dividends of $1.50 per
-stock, payable June 20 and ;Sept. 19 to holders
Sept, 9, respectively.
A similar distribution was
and
Sept.
20,
were
$1.50
made
each,
the
on
and
Dec.
above
40
a
issue:
year-end
1272.
p.
in
(& Subs.)
Canadian
Currency)
1942—3-Mos.—1941
1942—6 Mos.—1941
$3,419,269
$2,181,024
$7,402,922
._——.
173,668
174,266
.259,202
213,658
——„
$3,592,937
$2,355,290
$7,662,124
$5,406,901
depreciation.
for
236,213
201,269
479,365
407,519
192,439
128,787
472,542
258,305
27,424
21,028
72,700
30,092
1,489,511
585,577
3,376,559
1,697,036
disc. & exp.
$5,193,243
income
& exc.
taxes
prof,
for
quarter
$1,647,350
$1,418,629
$3,260,958
$3,013,949
outstanding.
shs.
724,004
724,004
724,004
724.004
share—
$2.08
$1.76
$4.11
$3.77
per
all
charges
of
manufacture,
items.—V. 155,
p.
distribution
&
management hut
309.
—
ftr-t
•'
'-T
T
*
' 'r. 4 ~
"Chronicle"
Thursday.
April
23, p.
1621.—V,
155,
p.
1608.
; %
/
"
$1,586,682
.
I
See
Wickwire
Spencer
With Winter
To
—
—
,
50.6%
stock; will
Common
Washington Gas Light Co.—Registers With SEC—
.
23,j101
——
.———_ _——
—
representing
divi¬
operations
before all other
;•
Accounts payable
Accrued expenses
the
Of
of; new
unoaid
293,575
—^
®?,'iipment <net)
insurance—
—_—_______
"
Vo"k .'State-brokers'
1,910,061
of
shade
283,080
shares
representing 5%
filing date Dec. 12.—V. 155,
interest
•After
670,625
Liabilities—
common,:.:
holders
six
of
Holders
Walker-Gooderham & Worts Ltd.
Income
Earnings
$237,920
goc
3,154,168
of
shares
or
following pavments
30
154,
"income
'profits
:
'
•
issue.
accumulated
common
each
total
a
20, last.
the
June
from
int.,
Com.
•
on hand
Prepaid taxes and
or
12,900
a^Run,Ls receivable.
?""^Zrfoc®0Unts receivable—
inventories
shares, or 12.6%. were
of 3,736 shares over
1941.
Investors' holdings"
or
1941
Prov. for
—196,854
Provision for Fed. income; surtax and excess profits taxes
715,000
Dec.
..^ Capital stock (par $1)^_l__„___1
u
156,00-1
nr
10 3%. March 31, 1942,. compared with 370,206 shares,'or
>10,3%j.." Paid-in surplus
;
134,162
Dec. 31, 1941.
;Earned surplus
343,539
New
York
state Investors'
holdings of (common stock March 31,
'1942. were 1.238,661 Shares, or 14.2%, compared with 1,240.279 shares,
Total
—$1,586,682
or
14.2%,
Dec.
31,
1941.
Investors'
holdings of preferred stock
—V. 155, ?p. 1422.
were
-
March
on
March
29,
Total
Balance Sheet, Dec. 31, 1941
-
tor
jcommon
initial
receive
— ---
..
of
•
.have
.common
$3.50.—V.
Bank
560'00Q
as
issued
initial
and
affective
Period End. Feb. 28—
9,250
$335,637
;
■
^
increase
31,
(the
on
•Profit
$32,769
155.000
outstanding March ,31, >1942,"
'iNet income 1^—
while preferred stock totaled 3,602,811
Dividends paid 1—
1942,
the
since the
(Hiram)
972
Excess profits tax————-
Holdings, Etc.—
be
will
new
common
to
whole
—Earnings—
$33,742
$1,050,637
—
and
are
series
holder
of
holding
the
of- preferred
322,584
The
shares
delaying
on
made
'vi.'!.
.
outstanding,-452,379
31,
of
issue.
,of record June 10 and
225
1,505
—
stock
March
total
a
new
of
Vulcan Dertinning Co,.—Two
$33,517
240
$1,052,143
•
.
Net income
V—
inc.
tax/surtax, etc,,, taxes
'
preferred
brokers'
in
of-6%
share
and
,v,Y,7 1
the
existing preferred stock of the
of.
44.4%
.
Normal
outstanding March 31, 1942. 2,171,964 shares,
or
24.9%, were in brokers' names, representing a decrease of 39,119
shares over the 2.211,083 shares, or 25.4%. held by hookers on D"C. 31.
1941.
Investors irommon stockholdings March 31, 1942. were 6,531.288
shares,
or
75.1%,
compared
with
6,492,169
shares,
or •.74.6%,
"Dec
stock
each
The directors
47,866
2,131
deductions
..
stock
common
or
of the
unpaid dividends,
representing
of
existing preferred
(par $100) and 628,333 shares of
sha-re
324
corporation
shares,
stock
Net
Of
for
initial
ments
-117,472
-
$1,050,012
Gross income
14,797
-(E)
Co.
$199,179
105,206
presently
000
1939
305,315
income
609,150
:
amounted
preferred
During
462,199
11
sale
the
the
Company now before-the Commission a registration statement cov¬
ering $22;800.000 of 3%% first mortgage bonds due in 1971, $5,700)of 2%-3'%%
serial notes maturing
semi-annually from June 1,
1944, to Dec. 1, 1951; 70,000 shares of 5VV%
cumulative preferred
-
by
$818,266
1,582,093
Net operating profit,
Other
1
United States Steel Corp.—Foreign
contemplated
from
•
shares
seyen
accumulated
common
receive 31,877
comple-
3940
$2,937,420
goods sold_____:
,of
dends,
of
Section
the
■
gjlan provides that holders
series
preferred o.nd
March
1941
-
Interest on
now
the
™
per annum. The proceeds
be
used
to
retire
all
of
to
are
(Stated
—T
...
is
upon
6,852,646
"
■
,
of
with the SEC
occur
299,136
7,481,710
........
more
act
common
Account
general & admin, expenses
Provision fortdoubtful accounts
$28,307
591,782
'
$52,496
-
of
to
-14,270
to be. retired, and in lieu thereof there
shares of new common stock, constituting
existing
Defense Plant Corporation,;
Selling,
*$5,413
income,——
Gross
construction
Years Ended Dec. 31—
8.182
68,274
6,122
5,949
revenues......
lease
the
expected
Income
86,576
115,674
;
oper.
the plant,
the «"»<»»» " •«»« for
$1,100,573
x
Net
of
is
19,307
construction
are
shares
added
to working
Such-additional working, capital will be used principally to
meet the increased demand for working funds which has resulted from
the -expansion of-^the -company'-s -business -and 'the -further 'expansion -.of
.'the (Company's'business -which
,
9,837,071
....
securities
,plan
The
7%
.capltal_
'*
67,475
11,588,444
_
of
these
of
-
outstanding : H56i001 shares
118,082
28,735
System,
issue.
from 200,000 shares to 500,000 shares.
Purpose—Entire
net
pr-oceeds
will
be
initially
!
taxes„
taxes
*
$1,276,652
$88,810
ex-
Federal income taxes___
Other
'
"
"
Utah Light & Traction'Co.—Earnings—
Operating
800-000 shares
468,899
153,632
amendment
stock
par)
■"''jr;
«m2
j*
*
stock.'(par "$1
%
plan to simplify its corporate structure by limiting
single class of common stock and an amendment to .its
plan was filed with the Securities and Exchange Com¬
April 20 by the company, a unit In the Associated Gas
637,541
104,000 shares now being offered.
'•
company's stockholders, at tlwir annual meeting >bM -on March 2,
1942, .voted to increase the -company's authorized common stock >($1"
country, the announcement said. Mr. Coe is also genof
the
rubber
firm's Haugatuck
chemical division,--.-.
'
:
Common
1,620,085
...
...
aid
286,019
3,577,388
498,071
"
..$105,337,171 $97,083,593
company
_
''
Authorized
^
The company this--year ;?..-',%v*Not
including
Coe.
P.
synthetic
into .operation a huge plant 'for synthetic production, for
ground was broken last fall in New England. Additional plants,
capacities undreamed of a year ago, are projected for other
sections
V.
formation -of
the
put
which
.
20
736,887
271.
p.
sale
The
,
rubber
_
570,000
641,661
_
credits
in
,
"
670,000
year.. "
outstanding funded indebtedness of Virginia Public Service
Its subsidiary,
Virginia Public Service Generating Co.'
;;
I
2,860,000
one
liabilities.
surplus
a
terest
of
'.esMm.^s rjhat
.capitalization as*of March 44, 4»42
3,000,000
2,690,000
_
336,063
•
•
5
........
.
1943-1946.
to the refinancing ,plan provides for the Issuance
$26,000,000 of first mortgage bonds 3%%
series, > due
1972 and $10,500,000 of
sinking fund debentures due 1957 bearing in¬
to change the com-
^
$19,215,764 $19,215,764
17,637,260
16,637,260
voluntary
to
.and
.
„
4,6$0,121
refinancing
•
.
4,222,272
_
surplus
155,
V'/A
it
-
.
47,009
6,691
Virginia Public Service Co.—Files Amended Plan—
;
it=irtmilf/T /,?ri
.
due
Total
regular and substantial
.
29,718
.
reserves:
The
-
1,309,587
1,105,532
.•
current
of
one
49,765
1,542,240
1,415,086
deposits
Contributions
our_ plants.that pL;;,company, as agent Tot-the Deifense jPlant
Corporation, expects shortly
will enable us to double our output of ASbeston. a recently developed
?:■to begin the construction and equipping of a plant to be situated on!.;
: woven
asbestos fabric used in fire-fighting $uits. machine
gunners^
a tract ,0f iapd .in: the,^immediate \Vicinlty of its present plant and.gloves, and other war
^products. And another .extension is underway
factory building, .under an agreement dated Feb. 9, 1942, with the
lor $he manufacture ox airplane -hose,v principally buuet-seaung type.
T)efen8fe^PJ^t',"-'f»rpdrtt«oh/
"Supplementing these new projects was a 'large amount of retool-v;-; A
v
;
u~
*»,
,
.
1ft<tn
Mng. rearranging, 'and modernizing dn many! of j-our plants. In the ,
Company
during its liscal years ended Dec. 31, 1940,
.process of
converting them to make war (products.
To cite a few
and Dec. 31,.JOll. approximately 90 ^
^nd 100%, respectively, of its
examples, one tire
rplant is scheduled ■ to (make parts for 305 mm.
net sales .were attributable to defense (Orders.
•
Howitzer guns, another to turn out .aimlane wing assemblies, and -sttll>
;; Underwriting—No^■■firm-commitment ihas been made to
purchase the
:
- another
to produce self-sealing fuel pells: :a (footwear plant is to make
shares of common stock, offered. All shares of .common stock offered
;• perishable tools -for small arms-.ammunition: a general products-plant
are ihiitally offered to the holders of the
common stock.
A. M. 'Kidder;'
w'll
manufacture battery -Jars
for submarines;
a4 textiles mill that ;
& Co.;-New" York, is principal underwriter
formerly spun cotton into tire cord will weave'it into army duck."v-v.-.,
on
314%,
Total
i
of special instruments and
(Company's ,stockholders, on June 25, 1940, voted
.pany's name from Vinco Tool Co. to Vinco Corp.
1,443,361
28,491
2,621
'
....
deferred
->V.
>
801,280
...
accrued
Earned
;
i
"
1,368,335
J
accrued
Capital
-in
mtge. bonds
C
mission
nf
81
—I.„I
.
Other
company :; ,;
-
Dec.
_______
stock
Total
and
tax
....$105,337,171 $97,083,593
Customers'
such
a
Sheet,
....
stock
Interest
1940)
amounts
profits
1
Balance
'
ret.
'Taxes
^ince
S
of
yr'V"":,;-,;-.-. :
.>_■%
1941
1940';.
investments...,$95^927,126 $88,441,528
receivable
Electric
^
own
excess
ending Dec. 31, 1941. , ' ;
capitalization of interest on funds
payable to banks, 3%
Notes payable to banks,
2V5i%, due
Notes payable to banks, due within
Accounts payable
s^he ^n^lp T-Tn^nt1 tn R^^iis^nre^e8!0
^I"s' ^
Act
The
Notes
was ^be Angle Tangent to Radius Dmsei,
%Teietop an" tap^e'^
.
Revenue: Act
Tax
year.
_
Series
"
it is
^hecker, an-the shop ;and optical
for
the
1,171,601
$2,956,993
purposes.
plant and other
Common
Plant
the
"
months
Liabilities—
the successor, .designed, developed
and machines for its own use in producing tools
designed, developed, and b Jilt
the ^volu^te
this
of
12
from
Comparative
'Preferred
'
Davis
'
i
the
•
:;
said
that the
company
also had been .authorized to
production of the synthetic rubber .plant which it had started
building last year, and ^production of the ammunition plant which it
first
of
course
the partnership of
and built instruments
re-
was
expand
P
the
accrued
under
Profits
of
Prepayments
x
1933.
for'the
resulting
tax
Excess
months
Total deferred debits
'
22,
$1,506,000
profits
the
five
$347,200
construction
$2,659,354
—
;
.
March
Include
credits
excess
under
last
1,171,602
:•
Accts. rec,, inc. instalment
accts., less reserve
Materials and supplies, less reserves—
«
the
A
.
Michigan
the
*
surplus™.—
....
1223.
Mlrili
,
estimated
and
profits
33y3%
of
stock
Assets—
Notes
$1.70
,
.
excess
(par $1) not taken by stockholders.
..
and
into
1,761,664
$4,128,593
U. S. Treasury tax notes
Special deposits
'$262;7J5
profit. before
amount
quarter of 1941.—V.
''llrfni#
^
operate
get
1,791,982
$3,830,956
estimated
over
above
for
-Cash
T
1941^
-
$2.08
^"TT
-•
(none
-accrued
Total
V-'a
^
J5
Federal
$130,3.71
before taxes for the first
stock
'
146,173
$345,618
common
,?
-Kidder & Lo.r New York, are offering at $5.50 per share
unsubscribed portion of 104,000 shares of common
of the entire
a TNT plant.
Construction is under way, and we
production this year.
Negotiations are in process
relative to further assisting the Government, including the operation
01: new Synthetlc rubber "plants with capacities undreamed ot a
year
to
plan
1941
v
•
;
1
' ■ A
last month;^:ii^^fitp.ckhoIflers of^ record. April -14 ^wet^e >givon pro ^rata rights to subemphasized,
scribe to the 104,000 shares of common stock in the ratio of two
dividend, and exshares for. each three shares then held at $5.50 per share. Rights expire
and "deferment." ':, April 21.
V
-
•
•
151,338
$335,380
■
He
excacded those
•"'>
.
12,274"
7,800,754
$249,473
requirements
dividend
tlncludes
principal executive offices located in Detroit, Mich. Company was inexpanded w*r program
Mr. D^vis said: "Excluding munitions war ^ corporated as Vinco Tool Co. to acquire all of the assets and business
products orders in January, 1942, rose 52 % over December.
In the
of Vinco Tool Co., a co-partnership.
At time of incorporation, cornfirst three
months of this year they were almost 10 times as large
pany's business consisted almost exclusively of the manufacture and
as in the first three months of 1941.
In fact, orders for war .productssale of precision tools and gauges mada to
customer's-specifications,
-
;;
$400,811
December;
..the
there was a difference between "passing"
"Determent," he said, "leaves the way open for further consideration."
|v,
Relating how his company's activities reflected the Government's ^
.
$413,086
Ibis;
amortization
•Liability .for
i,vo«,76i
.
early
was
preferred.
"passed"
$5,890,257
Total
reserve of. $490,854
VWaV tliirn
.
.7
-
made
alone
taxes
plained
.
•
$5,622,937
1st &
April 21,
-nn
that orders for war products; exclusive of munitions,
the first quarter of 1942 had exceeded thpse for the full iyear of
1941. but that this increase in the war effort had been accompanied
by continuous curta'lment in the manufacture of peacetime products.
►
54,002
$491,792
183,419.
Balance
was
^Aftei' provision for depreciation, .profit -sharing, and all other
charges
Including a reserve for Federal income and excess profits taxes.
r
told stockholders
.
$5,944,259
36,529
439,100
revenues.
Balance for
$2,040,141
'
-"Ea^nin8j5 per common share.-^«-._„_>.
Secre-
'„.jn
;/
$5,659,467
7,175
of
~ZIL
Orders—Dividend
F/;B, r)avls,[Jryi'PresIdenV and Chairman ioffithA/boardr
if
j,
$498,967
taxes..
—_
oper.
Preferred
—-•
for period.,, a,7o«.7er
•"
■'*
'
1,320,000
1,933,172
180,838
t
'w;-.iv'v;;A-taxes,,for.-dihe^firstrquarter,
States
2,123,334
income
taxes
Interest &
1
■,
8,14b
Kaalte Co., Inc.—Earnings—
becomes * 'Vice- '
who
^ v:<
United
3,260,000
170,758
300,000
■ $208,247
\'-Qi»*tc«'«nded Mar:-si-*
been Executive " Vice-Presidnt
Outlook. New Plant, etc.—
189,145
"Includes,
tary, and has been with-the company lor 17 years.; William <E. Lehman v
Ajwas reelected Chairman of the 'Board;—V. ?128,' p.'578.
:•.
-
1,661,304
2,332,724
8,947,730
«—
184,341
Balance
,,
.
■;A'v
1,838,075
shown
Divldc"ds "w"1?- 10 »"""«> «od»
\
,
1942—Month—1941
1942—12 Mos.—1941
$2,211,331
$1,928,849 $24,354,029 $20,992,213
"
Balance
^
April 22 announced that Arthur Perselay has been
on
31—
5,303 ~
5,210
—-—
>.
$141,395
1941.—
2,525,423
,
$4,784,001
$4,651,640
14,687 :
f
^^ersey^New^rk, N. J,—rNew 'Pxepident—
Dec.
revenues
tOther income—net
';K2£^
i.eso
-
$384,989
p,..
Net income
15,
-
722,749
Net
^f15i45! •'
Dec.
on
191,056
1,100,309
on
United States Mortgage & Title Guaranty Co.
cents
-
156,173
1,192,152
wupuon (credit)—„
share
cents-per
share
per
75
2,268,330
.
■
■,
.
extra dividend of -10
of
792,966
used
J';:
V"
an
usual semi-annual-dividend .of
May 4 to holders of record April 27.
May 5, Aug. 4 and Nov. 3, last year,
payment
170,670
'99,309
_
*
share
per
212,010
Other
provisions for Federal taxes of $41,600 for the current
the com-A'-.month and $99,500 for the 12 months ended Feb. 28, 1942, additional
mon stock, par $10, both payable May 15 to holders of record April 30.
to the amounts required'under the Revenue Act of ,1941.—;V.' 165,
> Like amounts were distributed on May 15 and Nov; 15, last'year;
928,-1024,4608. 1
•
End.
♦Federal
lll'wl
$4,789,309
Society - (Philadelphia)—Extra i
Loan
The directors have declared
*
L
.
on
cents
Depreciation
,6,227,587
1
1,685,585
directors
that, the
a
25
Maintenance—.—_
-6,509,637
Interest on mtge;-.bonds:..r,'Vl88,643
189,028
.2,267,647
interest on deb. bonds.;.;4^25,ooo;:^:''i;i,.;25,ooo300,000
__
announced
April .16
on
! Dividend—
?
Period
$4,656,850
defer the payment.of interest and sinking -fund, due on ^
all of the series A and B bonds-outstanding in'the-amount
on
J°f .$3;351,50°.rV. 151, p. 161.
"
5
i
paid
by
dividend of
a
"
Operation
i2i'in?
$370,496
was
followed
Operating
542,654
150
payable
Virginia Electric & Power Co.
—Earnings—
3
>
.
1942—12 Mos,—1941
1,687,608
f
amount
was
154, p. 1195.
America—25jCent Dividend—
April 16 declared
stock,
■
,
Securities, Ltd,-rrrBond "Interest Deferred—
similar
141,107
:
.on
common
which
a45-337
have-voted to
.
'.May 1,
A
V.
appj.opriatlons101,500
.
directors
the
on
shares,
stock,
against
1608.
1942,
1942-^Month—1941
-
dividend
a
,
United
Vanadium Gorp, nf
The
to
preferred
31,
eluding direct taxes^i: ^v-; 582,652
•-
•
has appointed
transfer office and
own
,i
v
1,147,173
amounted
with
of one share of pre-i --t
au',{■>;
■
■
...
3—
ferred stock for-each 10 shares-of .non-cumulative participating pref-Net oper. •
revenues---v"^ $370,071 ' $384,639
/. erence Stock held, to .holders >of record Feb. 2D.
Cash distributions of. v? Other income
425.' I
350
.10 cents per share were made on this issue.on May 5, Aug, 5 and J; -,
!,'.t ; .■!;
:—
Dec. 23, last -year.—V. 154, p 6G4
T\:
••
■] r_;%■:>; .; ;
; y
- Gross income_^_i;,_
on
asainat
1942.
Co.—Earnings—
JohnW.
v.
'
31,
compared
1.5%, so held Dec. 31, 1941.—V. 155, p.
-•
" k- •:
.., "
Utah Power & Light
United National Corp.—Dividend In Stock—
,i'
March
common
.
Co. as transfer agent for its class A common stock,
stock, and $6 class A preferred;§toCk;—-V. 155, p. 1608.
common
*i**.
or
S"X» /X94X*
Of
•: SSg' —«*«»»
'Transfer Agent— i'V
-^New
holdings
493,500-shares,'1 Or 5.7%" of the issue,
,%,or 5.6%,- held Dec. 31,
1941.- Of the
_
Dyer and
A"gus
G.
12."Clifton
sh"'es'
or. 3Dec*
Foreign
or
.
R, Schaddelee has been ■elected to the board
creasing
.
'
■„
..
■
"■
-increase of .11,928,976
an
week
against^97,463,444^,^
!
:: ■,
"i?" ®ere
shares,
.
companies for the
system
?
.
,
■
,
I.
cooperate
and
private
and
thus avert
facilities
Co.
Plants
to
Stock
Up
Coal—
in the
consumers
will
Steel
Government's
endeavor
to
have
both
industrial
lay in supplies of coal during the warm months
jams next fall and .winter when transportation
upon to move grain and war supplies, E. C.
railroad
be
called
Bowers,
President, on April 10 instructed the purchasing department
and superintendents of the
company's plants in Massachusetts, New
York, Pennsylvania and Illinois to begin
immediately to store supplies
of
coal for
use
next
winter.—V.
155,
p.
1423.
v
■'
l,2.!!,l,."l'-SaW)!Sif.'''1 #,
yXwiH** wwnMuinWuu
ihmwih
Monday, April 27, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
1688
'
Westchester Title & Trust Co.—
Verdict Ends Title Suit—
A
judgment of $1,000,000
holders"
This
is
ah
not
is
registered,
The
Prospectus.
Offering
Debentures is made only by means of the Offering Prospectus.. This issue, though
offer of these
Commission, which does not
approved or disapproved by the Securities and Exchange
i•-registered securities.
not
*,t"-
.
<• •
.
pass on the merits of any
V* v',l '''• r.''.:/ v'/'
of:-this
against stock¬
defunct 4 company
was
granted April 14 by Charles B. Sears, New
York
of
. .
Supreme
trial
a
judgment
Under
at
the
close
began March 17.'
The
based solely on the statutory
stockholders
the
they acquired
$100,000,000
referee,
which
was
liability
\
Court
500
the
of
an
plaintiffs,
the
in
terms
the
the
company.
offer
and approved
defendants,
when
assumed
stock
who
made
by Mr.
by
Sears,
sued
were
for
a
total of $2,000,000, had the
privilege during
for 85%,
On April 13, 129 defendants had settled by
trial
the
,
instructed
in
the
plaintiffs to
be "indulgent"
accepting settlements on the 85%
Due April
15, 1962
ment be
entered against
but
fendants,
has appointed Guaranty
and October 15 at the office or agency of the Company in New York City. The Company
Trust Company of New York as paying agent for the Debentures,
'
about
basis
judg¬
remaining de¬
all
collected
be
that
were
$2,000,000 sought
of the
would
100%
a
indications
the
$800,000
suit
the
that
directed
Sears
Mr.
April 15, 1942
payable April 15
claims
the
during the next few days.
Twenty Year 3% Debentures
interest
settling
paying .$726,000, and on.April 14 Mr. Sears
fills*!
Dated
of
tlements.^^1;
.*
*:'Vf
,r,
groups
■'>'<
1
"
"
■
XK."
t»'■
accrued
interest:
to
.V
notice, at the following prices and
101%; thereafter to and including
~
-
•
-
'
•
on
as
.
cigarettes—88.65%, tobaccos—7.38%, cigars—3.50% and miscellaneous—0.47%.
The principal product of the Company is Lucky Strike
the sales of which constitute the preponderant portion of total sales.
American Cigarette and Cigar Companya partly
consolidated subsidiary, manufactures and sells, under a brand leased from the Company, Pall Mall Famous Cigarettes.
The three
chief manufacturing plants of the Company are at Richmond, Virginia, and Durham and Reidsville, North Carolina, at each of which locations
Lucky Strike Cigarettes are manufactured.
The Company and its subsidiaries also own various storage areas on which are located numer¬
ous
sheds for the storing and aging of leaf tobacco.. As such aging process generally requires about two years, the Company and its chief
leaf-buying subsidiary normally have on hand very substantial inventories of leaf tobacco. Leaf tobacco has been subject to wide fluctua¬
tions in price.
•,
•*»
:«
Wick wire
Plants
To
Term
Common
Stock
.——
—
value Common Stock and $4,158,975. par
Certificates, exchangeable for not exceeding
par
Dividend
$6,824
.
.
shares)
par
$1,220,650
*Including
include
payable to Banks.
i
6% Cumulative; par value $100 per share (outstanding 526,997
value $25 per share (outstanding 1,609,696 shares*)
B; par value $25 per share (outstanding 3,134,184 shares*)
i
of
Company's
the
treasury.
..
f
1
,
,
v".
Year Ended
•
Y. December 31
1941
,: Y
,
on
>
363$48,664
:
Income
$186,976,249.
'
>,
';
?
1,407,033
-1,393,413
to
the products,
•
,
as
viy:;,•/
Taxes Based
on Income
$26$67,661
.'Vj
May
in
issued
under
an
^
£
h$2S,S74$42
?
-
23#80j420
•
$154i686,556;
.*
^
the
Subject to. certain
'
' *
.
.
:
*
'
/
share
.
41
June
on
10,
'■[ V":
1942
[
provision
tax
ment
Federal
$0.33
'
in
$139,371
of
income
155,
and
1942
Depart¬
Treasury
in
1941
profits
excess
1424.
p.
(Fi W.) Woolworth Co.—Stock¬
Three
N.
at
Y.,
Opposed—
proposals,
stockholder of
forth
r•
proposals), and $103,585
holders' Plan
Underwriters, including the undersigned and the others named in the Offering
123.645
$0.19
- -
of
basis
on
taxes.—V.
J
1941
$2,221;992
.v74,88r
«-r
After
(computed
the
by a
minority
for considera¬
meeting in Watertown,
annual
May
on
*
made
this company
20,
will
be
opposed
by
the
management, according to the proxy notice
Offering Prospectus at 98x/i%, or a total of $98,250,000, and accrued interest. Such Debentures are to be offered to the public at
100%, or a total of $100,000,000, and accrued interest.
The underwriting discounts are 1%%, or a total of $1,750,000.
Payment for and
delivery of the Debentures are to be made on or after April 28, 1942, but not later than May 8, 1942.
'• "/-r;;." >.
for
the
meeting,
mailed on
April 22.
The
recommends that other
management
also
stockholders
vote
submitted
by
follows: '■
Price
20/ cents
937.487
Indenture
terms and conditions the
was
J54; p. 1061.
*Net" earnlngs-^-i_> Earns,
per
common
1941,
Prospectus, have severally agreed to purchase these Debentures from the Company in the respective amounts set
t
stock,
paid on
as against
30
1© cents in Sep¬
1940:
and
1940,
Sales
vv\
23$30,918
and for
^
^
25,565,913
'
in
dividend
a
••
tion
UNDERWRITING
declared
have
December,
tember;
for
be
will
-
Ltd.,
-
:
15.
A
like amount
1 and Nov. 1,
1941,
cents
but presently unissued, will be direct ■ obligations of the Company, but not secured.
They
dated April 15, 1942,
between the Company and Guaranty Trust Company of New
York, as Trustee.
The Indenture does not authorize the issuance of any additional securities thereunder but does not limit the amount
of other securities, either secured -or unsecured,' which
may
be issued by the Company.
Reference is made to the Offering Prospectus
for information as to covenants in the Indenture with respect to the creation of liens on property of the Company.
With certain exceptions,
the provisions of the Indenture and the rights of the Debenture holders may be modified by the Company and the Trustee with the consent
of the holders of not less than 66 2/3% of the Debentures outstanding.
■
'
,
Lines,
$10, payable May 1 to holders of record
April
The Debentures, authorized
DEBENTURES
moVe
Bowers,
1423.
p.
1916.
p.
directors
-The
■'.),Ar/'f•-:v;
Dividends Paid
:<
27j66g$84
"
21,753,200
for 1939/ $131,741,611; for 1940,
follows:
i
^
C.
Air
Quar. End. Mar. 31—
Net Income
.
10,759,216
;
V
E,
10
Wolverine Tube Co.—Earnings
$ 6,488,488 K
* $1,189,018 -
39,834$33
;•;;
supplies,
—15-Cent Common Dividend—,
State and Federal
.
Interest
■*;' •
46,427,033
.
^ V;
Includes Federal revenue stamps affixed
.7(1)
'
V"-i
railroad
to
upon
Wisconsin Public Service Corp.
Provisions for
4
,,
,,<■
v.-
$34,045,167
,
.
■
';
i and Taxes Based
.
-
■
309$25,885
1940
•
-
';
$270,870,590
1939 \
.
■r
*
-
-
'
-
Before Interest
Net Sales (1)
r
Net Earnings
1
T
^
\
i
:
avert
thus
called
Canadian: Pacific
1940.—V,
■
be
of 15 cents per share on the common
of
statement
during
winter.—V. 155,
above.—V.' 151,
Z
results of operations of the Company and its consolidated subsidiaries has been
prepared from the consolidated financial statements in the Offering Prospectus and has been reviewed by Lybrand, •Ross
.Bros, ift Montgomery, independent
certified public accountants.
Such statement is subject to, and should be read in conjunction with,
the financial statements in the Offering Prospectus together with
the notes accompanying such statements.
• >
condensed
following
will
war "
next
Sec
par
The
of; coal
in supplies
Wings, Ltd.—Acquired—
Debentures, together with
EARNINGS
and
for use
The total proceeds
OF ISSUE
en-
private
instructed the pur¬
chasing department and superintendents of
the
company's
plants
in
Massachusetts,
New
York, Pennsylvania and.^ Illinois to
begin immediately to store supplies of coal
($98,250,000 before deducting expenses estimated at $342,400), plus accrued interest, from the sale of the
other funds of the Company to the extent necessary, are to be applied to the payment of $28,977,000
of funded debt and $75,500,000 of short term notes payable to banks (i.e. the entire outstanding funded debt and bank loans
of the Company as of April
10, 1942, except for $926,900 of non-callable bonds), thus positioning the Company for purchases of its
requirements of leaf tobacco.
The Company intends to pay from other funds its expenses of sale of the Debentures and the accrued
interest on its obligations to be paid off as above stated.
During the year ended April 10, 1942, there was a net increase of $54,650,000
in short term bank loans of the Company, the additional working capital derived therefrom being required principally by the increase both
in dollar amount and quantity in inventories of the Company and its subsidiaries, occasioned by higher prices being paid for tobacco and
the increasing volume of business.
The Company may borrow additional amounts from time to time as occasion arises.
PURPOSE
V
<>
>,
Government's
months and
facilities
grain
not
Does
Co.—
industrial and
President, on April
78,354,600*
value Common Stock B, held in
273 shares of Common Stock B.
the
both
lay
•»
12, $1.—
Steel
v"
in
have
warm
tion
52,699,700
40,242,400*
■
—..—
—I.
was
jams next fall and winter when transporta¬
531,817,900
69,350,000
—...
—
of
Up With Winter
V;;.:,;
consumers
December 31. 1941
Notes
Stock,
Stock;
as
common
holders
Spencer
cooperate
deavorrto
the
Outstanding
the
to
Stock
to
Coal—
,
CAPITALIZATION
OF THE COMPANY
15
A similar distribution
Sept. 12, 25 cents each, and Dec.
V. 155, p. 928.; "
'
Cigarettes,
Preferred
Co.^-
stock,
record
made
March 16, last.
Payments in 1941 were
follows:
March <45,
June
13( and
share on
per
June
-
May 15.;
/
<
cents
payable
owned
Common
Air Brake
The directors have declared a dividend of
25
The Company, incorporated in New Jersey in 1904, and its subsidiaries ' are engaged in the business of manufacturing
and selling cigarettes, smoking and chewing tobaccos and cigars. In 1941 the net sales of the Company and its consoli¬
subsidiaries (including $186,976$49 in Federal revenue stamps affixed to the products)
were $363,548,664, made up as follows:
Short
$18.-
25-Cent Dividend—
THE COMPANY
dated
to
the latter
On
*
Westinghouse
-v
to
these Debentures.
of
amount
now
claims a dividend
of: 5% has been, paid, . while the fund col¬
lected in the current- litigation will permit
the; payment of ah additional amount.—
v.. 152, p.,1000..
•
outlined
not
.
creditors
of
000,000.
following is merely a brief outline, prepared by the Company, of certain
information contained in the Offering Prospectus and^is
the more detailed statements in the Offering Prospectus and the Registration Statement, which also include important information
or indicated herein.
The Offering Prospectus, which must be furnished to each purchaser, sbbuld be read prior. tOiany pUrchase
The
subject
or
the Sinking Fund oh any interest payment date after April 15, 1943, upon 30 days'
and including April IS, 1954, 101%; thereafter to and including April 15, 1957,
r.*'April 15, 1960, lOOYz %i and thereafter, 100%.
jV'-v./';.
Also redeemable for
against the company when it failed in 1933
exceeded $53,000,000,
and the adjudicated
claims
in part, at any time upon 30 days' notice, at the following prices and accrued
interest: to and including April IS, 1945, 103%; thereafter to and including April IS, 1946, 102x/l%; thereafter to and including April 15,
1957, 101%; thereafter to and
1951, 102%; thereafter to and including April 15, 1954, J01l/Z%; thereafter to and including April IS,
including April 15, 1960, 100 Yi %; and thereafter, 100%.
•.'^rjf !■
'the option of the Company, in whole
liquidator of the title company, and by
of creditors of the company. Claims
as
•
Redeemable, at
was brought by Louis H. Pink.
Superintendent • of Insurance, suing
State
Debentures,
■,r<
Y-y
The suit
Sinking Fund mf $3,000,000 each year commencing in 1943 payable in cash, to be applied to the purchase -or redemption -of
or
in Debentures; the Sinking Fund being subject to reduction.in amount upon retirement of Debentures otherwise than: r
through the operation of the Sinking Fund. It is calculated that the amount of Debentures-to be retired by the Sinking Fund
plus the amount, if any, retired otherwise than through operation of the Sinking Fund will aggregate at least 75% of the ? ,
J
if, • J
; :
.'iVf
issue by maturity•.* '■ • •:
cumulative
A
in
through ' set¬
That
100% and Accrued Interest
the
the
against
of
holder
a
75
\
New
-
York
That
annual
proposals,
shares, as
;r:; ••••
be
meeting
held
in
'/".'V'
City;
by-laws be amended to compel the
of the company's President at
attendance
The
when,
certain
will
be
Underwriters,
t*e
undersigned
and
the
all
stockholder
THE OFFERING, IT IS INTENDED TO STABILIZE
THAT THE PRICE OF THE ABOVE SECURITY
MAY
WILL
BE
STABILIZED
OR
THAT
THE
STABILIZING,
IF
NOT BE DISCONTINUED AT ANY TIME.
That
-
directors
of
vision
executive
defeated vat
Further
information, particularly financial statements, is contained in the Registration Statement on file with the Securities and Exchange
Commission, and in the Offering Prosoectus which must be furnnished to each purchaser and is obtainable from only such of the
undersigned as may legally offer these Debentures in compliance with the securities laws of the respective States.
SMITH, BARNEY & CO.
HARRIMAN RIPLEY & CO.
&
BLYTH &
CO., INC.
I
MELLON SECURITIES CORPORATION
-
•
KIDDER, PEABODY & CO.
Incorporated
LEHMAN BROTHERS
MOSELEY
& CO.
•
GOLDMAN, SACHS & CO.
LAZARD FRERES & CO.
the
of
public
holder
The
STONE &
WEBSTER AND
Incorporated
Dated
April
24,
1942.
BLODGET
', C
and
;
4
'
.
similar
was
annual
meeting
to
that
last
year
relations
has presided
at
stock¬
meetings.
company
*■
"
points
out
in
the
proxy
and certain em¬
that executives
under the present contract com¬
pensation agreement do not receive fixed
salaries.
Their
compensation
is
deter¬
mined by a percentage of net profits whibh
they are instrumental in producing from
operation
of
the
company's
American
stores.- Consolidated net earnings and divi¬
dends,
meanwhile,
are
affected
by con¬
ditions in Europe and elsewhere, which are
beyond the company's control.
UNION SECURITIES CORPORATION
LEE HIGGINSON CORPORATION
The
the
tion,
DREXEL & CO.
the
Income
foreign
ployees
CO.
THE FIRST BOSTON CORPORATION
re¬
new
than 98% of stock represented.
past the Vice-President in charge
statement
MORGAN STANLEY
a
limit
more
In
.
when
fifsp .proposal
The
and
prevent increases in
the consolidated net
including
decrease,
dividends,
by
obtain
to
contracts to
earnings,
r
attempt
existing contracts
compensation
THE PRICE OF THESE DEBENTURES. THIS STATEMENT IS NOT
ASSURANCE
COMMENCED,
F. S.
and
meetings,
and
'TO FACILITATE
AN
including
others named in the Offering Prospectus, have agreed to purchase these Debentures
if issued and subject to the approval of Messrs. Davis Polk Wardwell Gardiner & Reed, counsel for the Underwriters and to
further conditions. It is expected that delivery of Debentures in .temporary form, exchangeable for definitive Debentures when .prepared,'
made on or about April 28,
1942, against payment therefor in New York funds.
:&.•%'
.V. A / • ,
as
WHITE,
WELD & CO.
now
management
policy
of
which,
applies
to
cluding
store
tained.
It
has
in
its
some
that
part
growth
belief
incentive
inaugurated
2,600
managers,
says
large
company's
states
paying
was
and
the
that
compensa¬
1890
employees,
must
such
been
in
be
incentive
basis
and
in¬
main¬
for
success.—V.
^3 '
plan
the
155,
jL <~.t
■
@FedFRASER